diff --git "a/reddit_finance_43_250k_173.txt" "b/reddit_finance_43_250k_173.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_173.txt" @@ -0,0 +1,10000 @@ + +&#x200B; + +https://preview.redd.it/krubnht3z5381.png?width=1284&format=png&auto=webp&s=69e2d2694097b16c99a5db2a5dd289ae749022cc + +Oh yeah! Ken Griffin gave a speech recently at the Economic Club of Chicago and [it seemed like there was a prerecorded applause track](https://www.reddit.com/r/Superstonk/comments/q1c7q2/ummmmmmmm_is_that_an_applause_track_they_just/). + +[Here's another version](https://youtu.be/7V-a3aoO0Mo?t=80) if you need additional verification. + +And here's a fun fact! [If you go to the Economic Club of Chicago's official YouTube video, it appears they cut that part out](https://www.youtube.com/watch?v=dFE3X9qjWd0&t=266s) and disabled comments. + +&#x200B; + +Could this just be a coincidence? + +Absolutely. + +Is there more evidence connecting Greentarget and Citadel? + +Absolutely. + +&#x200B; + +[citadel@greentarget.co.uk](https://preview.redd.it/y4r4yr17z5381.png?width=1284&format=png&auto=webp&s=ea6d2e3fea38615720719639d0fdce471fb1bd2b) + +&#x200B; + +[email: citadel@greentarget.co.uk Source: Citadel; Citadel Securities](https://preview.redd.it/bj4xx9ocz5381.png?width=1284&format=png&auto=webp&s=12346e19b7e30030f5ec0209a18ee2d9a7b3c6f7) + +&#x200B; + +Thanks Ken for helping with the global crisis! You're a great American and a wonderful human being. + +I love seeing Citadel positively assist with the global emergencies, but do you know what I don't like? When shills get hired to "shift the current sentiment of GME." + +Here's more examples of that from the same dude that slide into my DMs... + +&#x200B; + +[Shill Post](https://preview.redd.it/fpzvptfnz5381.png?width=793&format=png&auto=webp&s=11f8604d68d6803577a17214ec54806c8db811d2) + +And another one. + +&#x200B; + +[Shill Comment](https://preview.redd.it/coxlvbwoz5381.png?width=776&format=png&auto=webp&s=ad8656e30251b41f37121b6e74d98a57eaa207a9) + +&#x200B; + +I've gotta say though, I thought this whole conspiracy [had come and gone](https://www.reddit.com/r/Superstonk/comments/qtxy63/ken_griff_stars_in_a_bad_comedy/)? If the GameStop situation is over then why are there still shills trying to silence voices on Reddit? + +If you needed proof the apes are winning, this is it. + +&#x200B; + +TLDR; Someone claiming to work for the PR Agency, Greentarget, attempted to pay me off so I would stop talking about GameStop and I happened to find some connections between them and Citadel. I'll keep digging and report back here unless I can't find something or forget. Do I think it was a real offer? Nope! Do I think he accidentally introduced us to another connection to Citadel? Yup! Thanks Bud. + +&#x200B; + +P.S. Mr. Griffin, if you're reading this and if Greentarget is working on Citadel's behalf, then I'll consider removing my posts from Superstonk - My price is 11 million shares of GME. +EDIT: I'M A DUMBASS, I KNOW! HENCE ME MAKING THIS THREAD JUST TO DOUBLE CHECK. THANKS FOR THE TOUGH LOVE AND GOOD ADVICE!!! + +The guy claims he is well off and is a Christian on a mission to help others and that he has helped many other people with money. + +We are starting a business and in loan discussions. This guy texted us out of the blue. + +He wants us to activate a prepaid Visa card for $25 and then he will supposedly send us money with it (or something). + +Ummmm. Help? Too good to be true? + +I have $250 in my personal account and $250 in our business account so its not like he'd be able to steal that much, eh? What do? +**BACKGROUND** + +**Introduction**: This post is part of an ongoing monthly early-retirement series and my way of giving back to a subreddit that helped me tremendously on my journey. As these posts have become increasingly popular based on the number of views and comments, and as my desire to spend a great deal of the first day of every month on reddit has significantly waned, my responses might be limited. Please check comments and posts from previous months to find answers to potential questions. I genuinely appreciate all of the positive comments, even though I no longer take the time to say so individually. + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772. My maximum withdrawal rate is 3% of each year’s starting balance, provided that the portfolio remains above $1M. Should the portfolio drop below $1M, I will lock back into a maximum $2500 per month ($30k per year) guardrail withdrawal until the market recovers. I realize that this is not the holy Trinity method, but consider these three factors that give us flexibility: a 3% withdrawal rate is below the 100% historically safe mark of 3.2% for fifty-year portfolio survival, the extended bull market peaked us nearly 20% above the original target amount (meaning that $30k annually is actually 2.5% instead of 3% if restarting from the peak); and our actual withdrawal rate was averaging less than 2% of the original portfolio balance (due to earning additional income) when we received an unexpected $30k windfall (meaning that our current withdrawal rate is actually negative). The budgeted withdrawal amount is $2773 per month for 2018. In 2017, it was $2564 ($2618 adjusted for inflation). + +**Career**: I am a former retail pharmacist who hated his profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, capitalism gone amok, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors (1997-2001) and a doctorate (2001-2005) before joining the workforce for nearly twelve years (2005-2017, entirely with CVS). $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), revenue from an eBay business while in college ($10k), and massive help from my parents ($90k). My salary plus compensation went from $115k in 2005 to $150k in 2017. My savings rate was about 70%. + +**Finances**: I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation goal is approximately 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). We also hold roughly $400k in house, land, and belongings not included in the portfolio. My spending model places no dependence upon supplemental income (future employment?), social security ($10k/yr?), inheritance ($500k?), house equity (no heirs?), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities and worthy causes. + + +**MONTHLY UPDATE** + +**Spending**: Living expenses for the month came to $3471. This is $698 over the 2018 monthly targeted amount of $2773. Our spending is 25.2% over budget for the month, 18.0% over for the year, and 19.1% over since retirement. We generated $474 of income this month from my wife wanting to work and some of my old book royalties. Our investment withdrawal was $2997 this month, thus our pro-rated, annually-adjusted withdrawal rate is 3.24% for the month, -6.71% for the year, and -1.22% since retirement. Without the additional income stream, our pro-rated, annually-adjusted withdrawal rate would have been 3.47% for the month, 3.54% for the year, and 3.57% since retirement. + +**Investments**: The portfolio went from $1,130,151 to $1,133,244 (a 0.27% increase for the month), which went down to a new total of (drum-roll) $1,130,247 after cashing the checks and paying the bills. This is a 10.19% increase from the original starting balance of $1,025,772. Since retirement, capital income from the investment portfolio has produced the equivalent of a full-time employee generating $45.97/hr of labor income. To sustain the original portfolio balance, $18.14/hr is the pace needed for COL based on spending rate; $-5.68/hr is the pace needed for COL based on withdrawal rate. Dividends included, VTSAX (61% AA) went up 0.45% this month (0.26% down for 2018); VFWAX (20% AA) went up 0.46% (0.25% up for 2018); VWLUX (19% AA) went down 0.29% (down 1.60% for 2018). + +**Reflections**: The overspending this month was due to a collection of vacation related purchases ($500), dentist/optometrist visits ($500), and my professional tax ($500). All of these were planned expenses. The market was all over the place again but ended pretty much flat. I try to avoid viewing daily market results, but they seem to have become ubiquitous in the digital universe. I am eager to see where the annual update next month will have us on spending and investing. + +**Experiences**: I won the Andrew Jackson Marathon on the coldest day in its 46-year history with a 2:59:04, became the oldest person to ever hold the title of RRCA TN state marathon champion, and set a course record on the current three-year-old route. I drove the entire way on an eleven day, 3100 mile vacation through 12 states (TN/MS/AR/OK/KS/NE/IA/MN/WI/IL/MO/KY) to bring my wife’s states visited count even with my own (49, no AK). The planned highlight of our trip, visiting Paisley Park, was cancelled when the blizzard hit. I highly recommend Garvan Woodland Gardens in Hot Springs, AR; Cosmosphere in Hutchinson, KS; Museum of American Speed in Lincoln, NE; Dana-Thomas House in Springfield, IL; and City Museum in St. Louis, MO. There was a message from a pharmacy staffing service on my home phone when we returned, but I did not bother returning the call. I was not able to convince my friend (making $70k/yr) with no savings/retirement and three kids that he shouldn’t spend $40k on a new truck just because he made $80k profit on a house sale. I spent way too much time again this month following the political circus. I cut back weekly running from 40 miles to 36 miles (still five hours but much less intense) and have started allocating three hours each week to swimming, cycling, and weightlifting (one hour each). + +**Upcoming**: My time at the museum has run its course. I no longer find it stimulating. I plan to spend time volunteering as a running coach in some local clubs and as a pacer in some local races. I have a marathon on May 5. It was supposed to be a backup race for my first victory, but after my result last month, I don’t plan on running it at race pace. If history is any indication, I should be able to tackle it at a training pace and still grab the overall win with a new course record (small field). I pushed the three-week Japan trip back to next year. I’d like to get back to more reading, kayaking, bowling, painting, and watching classic films. Perhaps I will also do whatever the fuck I want. Perhaps I should remove “perhaps” from that last sentence. + +I am planning to sever ties to my family once I turn 18 (currently 15). I was wondering how I could make a bank account that my parents will not be able to access where I can save up money when I start working to pay for college, rent, and other affairs. If I have to I could get physical money but they could find or or it can be easily stolen/lost. And what is the best option to go when I do turn 18? + +Edit: Im in the US (Nevada specifically) +Unfortunately many credit card companies and for-profit banks will merrily sell/share your personal data unless you opt-out, but the more responsible ones have at least added sections to their online account portal that tell you about it and make it easy to opt-out (Chase is a rare positive-ish example). Unfortunately Discover buries that information in their Privacy Statement and makes you call 1-800-225-5202 to opt-out. They're clearly hoping people won't read the statement and won't opt-out, which is a sad and disappointingly anti-customer approach for them to take. Aside from them, I definitely recommend checking the privacy policies for all of your financial institutions and finding out how to opt-out of data sharing if possible. +Hi guys! +Im a 22,5 yrs old beginner cook in Hungary. I did some research altough i would appreciate some comfirming on them too. +At the moment i make monthly around +550€ +My expenses are circa 300-350€ (currently hard to tell since i had to move appartment and looking for one, atm im with my parents again, traveling 4-6 hours every workday) + +As i checked a cook in Berlin makes 9€ an hour. That adds up to 1728€ ,if one works 12hours a day 4 days a week (thats actually a good schedule for a cook here in Hu) +Now i have no idea about the taxation. So idk how much i will have left after taxes, but if i spend 500€ for rent and maybe 200€ for necessities (ticket,food). Now if taxes are 25% that would mean i could spare 600€ a month. More than i make here + +So question one, are these alculations sensible? seems to me unless i missed some data. + +Also in Wien a cook makes 15€/hour. I didnt check on the expenses but i dont think it would be that much more then Berlin. Maybe a 1000€ as expenses instead of 700. +So that would add up to am income of 2880€ before taxes. 2160 maybe after tax? So i could spare 1000€ monthly? + +Anyone could give me some advice or insights on these things? Cause i know that it would be better to the west anyway, but is the grass really that mich greener to the west of the border? + + +$UIHC – United insurance Holding Corp – an undervalued stable company? + +I just found this sub yesterday and thought this may be the best place to post this DD due to my fundamental approach to valuing companies. I previously posted this in penny stocks as its market cap is below $1b required for the places I usually frequent. + +Opinion, I believe that UIHC is a fundamentally undervalued company. UIHC had a string of losses which resulted in the drop of market cap from $800m to $163m. The company has more cash on hand than its market value and trades at a P/B ratio of .48. Management, smart money and their creditors have faith in this company evidenced by the increase in their holdings and a yield to maturity on bonds of 5.5%. + +Background + +This is a small insurance company at $163m market cap. They provide property and casualty insurance. They have had a fall from grace and were trading at a market cap of $800m previously and are a shadow of their former selves. This drop in share price was related to a string of losses. + +These strings of losses started in 2018, and relates to when the current CEO and largest shareholder joined UIHC. I have been trying to understand what caused this underperformance. I have tried looking up news and events and nothing notable came up. Looking at the income statements and comparing the years, it seems that the largest change in expenses in 2018 compared to the other years relates to; + + [https://preview.redd.it/55ov3i6otfr71.png?width=602&format=png&auto=webp&s=75b62aa979d1b025f9bb230852530f4e0aa98077](https://preview.redd.it/55ov3i6otfr71.png?width=602&format=png&auto=webp&s=75b62aa979d1b025f9bb230852530f4e0aa98077) + +1) Losses and loss adjustment expenses + +2) Policy acquisition costs + +These two costs are quite interrelated. Policy acquisition costs, as the name suggests, relates to expenses incurred in obtaining new contracts. Losses and loss adjustment expense is more nuanced and relates to technical insurance accounting. This represents the movement in insurance claims that could potentially be payable at the balance sheet date. + +The new CEO may have wanted to immediately leave his mark by aggressively increasing sales. However, this came at a cost of higher risk and those acquisition costs. Resulting in the reduction of profits. The graph below shows the change in share price from Jan 2020. + + [https://preview.redd.it/4sq71dqotfr71.png?width=602&format=png&auto=webp&s=96c6a738215aa3e4f0d217cc0594090dd21cba4d](https://preview.redd.it/4sq71dqotfr71.png?width=602&format=png&auto=webp&s=96c6a738215aa3e4f0d217cc0594090dd21cba4d) + +Current Financials + +UIHC currently have net equity of $360m and as mentioned already trades at a PB of .48c. I feel that this is criminally under valued especially when considering the amount of cash on hand ($276m) which is approximately Price/cash ratio of .59. As UIHC is trading cheaply I considered that there may be some risk over its going concern, however, looking at the yield to maturity of its $157m bonds shows that it trades at a safe 5.5%. Creditors view this as a low risk of liquidation.  + + [https://preview.redd.it/buxrjv7ptfr71.png?width=485&format=png&auto=webp&s=d638d87b146c738739ac2377ea0729ceda9d3e90](https://preview.redd.it/buxrjv7ptfr71.png?width=485&format=png&auto=webp&s=d638d87b146c738739ac2377ea0729ceda9d3e90) + +The main risk of insurance company valuations is the trust investors need to place on actuarial scientists in order to determine the maximum exposure to risk. Based on their latest figures there is $1,136m of potential claims against UIHC which has been covered by $927m of recoverable re-insurance. This means, in worst case scenario and all their clients claim from UIHC, $209m would need to be settled net by UIHC. They have sufficient cash on hand to cover the worst-case scenario. The auditors of UIHC is Deloitte (largest of the big4 auditing firms) who would have access to actuaries to assist with these valuations. + +Looking forward, UIHC’s revenue has fallen by a whopping 28% in the current quarter compared to last year. This is large but investigating closer it mostly relates to the increase in costs relating to reinsurance from $158m in 2020 to $210m in 2021 (these costs offset revenue). Other than this, revenue has remained mostly the same, gross premiums earned is higher for the three months ended June and 6 months ended June in 2021 compared to 2020 of around 3.5%. All other expenses remained roughly the same (1% increase). + +The CEO confirms the reason for the increase in revenue in the August 2021 press release; + + [https://preview.redd.it/frxoctyptfr71.png?width=602&format=png&auto=webp&s=e52fd3e0ef2e0f30f93a570210d2e177d1a694c5](https://preview.redd.it/frxoctyptfr71.png?width=602&format=png&auto=webp&s=e52fd3e0ef2e0f30f93a570210d2e177d1a694c5) + +This also had a knock on effect on the statement of cash flow, with the cash outflow from line item “reinsurance recoverable on paid and unpaid losses” single handedly causing UIHC to be in cash losing position operationally, compared to last year. + + [https://preview.redd.it/za4v5jlqtfr71.png?width=663&format=png&auto=webp&s=cb65683a5a3206512f41c112ae96d6362e8f68b2](https://preview.redd.it/za4v5jlqtfr71.png?width=663&format=png&auto=webp&s=cb65683a5a3206512f41c112ae96d6362e8f68b2) + +Ownership - insider buys + +What drew me to this stock was the string of insider buys that happened in quick succession as it shows that management is putting their own money on the line. \*NB, after going through the individual SEC filings, it appears these are RSU's that were granted\*. + + [https://preview.redd.it/9wn5931rtfr71.png?width=602&format=png&auto=webp&s=1a1620ebe5f856946b6b1ecc69288b8225d93427](https://preview.redd.it/9wn5931rtfr71.png?width=602&format=png&auto=webp&s=1a1620ebe5f856946b6b1ecc69288b8225d93427) + +What is particularly interesting to me is that most of these investors bought at the beginning of the year at a price of $7. Not only have these insiders held onto their holdings, they increase their holdings over the last few weeks, in spite of the bad news reported in their September press release of an estimated $27m insurance shortfall due to Tropical Storm Elsa and Hurricane Ida. UIHC has limited itself to similar future circumstances by capping its risk to $9m. + +Ownership structure + +From Yahoo Finance; + + [https://preview.redd.it/nh6jylnrtfr71.png?width=485&format=png&auto=webp&s=883edb4f8f0489e6273db5b3ec46532ee64460b6](https://preview.redd.it/nh6jylnrtfr71.png?width=485&format=png&auto=webp&s=883edb4f8f0489e6273db5b3ec46532ee64460b6) + +The CEO and his wife(?) currently has the highest ownership in the business. He acquired his position in 2017 at a total estimated price of $293m (according to Whale Wisdom) and currently owns 48% of the business. Naturally this makes me worried that the CEO can dump his stock overtime (in total he sold 131,800 shares between January 2019 and March 2019), however due to the low current cost compared to his buy-in and his work history he seems to be in it for the long term.   + + [https://preview.redd.it/d7aycf7stfr71.png?width=602&format=png&auto=webp&s=87f0e5abe4a99e22946b09ce061b53d6c2a6cf66](https://preview.redd.it/d7aycf7stfr71.png?width=602&format=png&auto=webp&s=87f0e5abe4a99e22946b09ce061b53d6c2a6cf66) + + As the CEO has such a large holding, I decided to look at the work history of the CEO and to see if he commits to projects. Linkedin profile of CEO confirms that he does! He was at AmRisc for 19 years before joining UIHC. It doesn’t seem that he would quickly dump his position on any share price bounce due to his commitment to one project at a time.  + + [https://preview.redd.it/ddb39cmutfr71.png?width=602&format=png&auto=webp&s=6936af9656f53370f94435075db551d84d6029e8](https://preview.redd.it/ddb39cmutfr71.png?width=602&format=png&auto=webp&s=6936af9656f53370f94435075db551d84d6029e8) + +See ownership structure for institutional investors; + + [https://preview.redd.it/stjs1v4vtfr71.png?width=492&format=png&auto=webp&s=53ea9f8af67fb6e41d06cab032e41169fb750540](https://preview.redd.it/stjs1v4vtfr71.png?width=492&format=png&auto=webp&s=53ea9f8af67fb6e41d06cab032e41169fb750540) + +Some bearish counterpoints (I did not expand on this as I feel that this has mostly been addressed) + +1) Operate mostly in Florida which I understand, may be prone to hurricanes (risk has been mitigated as previously mentioned); + + [https://preview.redd.it/6mkzi8rvtfr71.png?width=602&format=png&auto=webp&s=02f83b2d7e2e505ddd0956af54242e64c8c33a9a](https://preview.redd.it/6mkzi8rvtfr71.png?width=602&format=png&auto=webp&s=02f83b2d7e2e505ddd0956af54242e64c8c33a9a) + +2) Declining profitability due to the costs incurred in mitigates risk. These costs reduce profitability + +3) Latest SEC filing warning of storm losses of $24m (from Yahoo Finance) + + https://preview.redd.it/l3kgvuiwtfr71.png?width=602&format=png&auto=webp&s=e963047414c042d10ab0f375641826a6c7d44a37 +I think alot of the new posters on this board have the impression that if you make a good enough DCF model, have a good enough investment checklist and do enough quanitative anaylisis you will be a good value investor. To be clear there is nothing substantially wrong with these tools but in my opinion value investing (which I consider growth at a reasonable price) should be much more fluid. It is not a rigid inflexable set of ideas and criteria. Yes cash flows are extremely important but if the stock has high FCF today and future cashflows are easily predictable chances are they are already selling at a premium. That plus the assumptions you make are likely going to be wrong. I've seen checklists that disregard companies that are losing money. I think this is a huge mistake especially if the reason is only temporary. A company that can improve its buisness and fix a big problem can huge returns. My only extreme guiding principle that is inflexable is what Benjamin Graham said in the intelligent investor. "An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative" saftey of principle keeps me away from the meme stocks and high-flying overvalued garbage. Everything else is mostly situational there can always be special situations. +Hey Team, I am still new to value investing but have read several books and routinely listen to Phil Town’s podcast. I’m hoping I can quickly talk through how I’m looking at Bank of America and someone on here with more experience can tell me what I’m doing wrong. + +BAC’s market cap is ~$224B. Their Free Cash Flow (FCF) was ~$16B quarter ending 6/30/2020 (according to macro trends.net). If we extrapolate their most recent FCF for the next 12 months that’s a FCF of $64B/year. If we divide the market cap by the annual FCF that’s $224B/$64B=3.5 years. Meaning that BAC will earn back their market cap in 3.5 years. + +Even if we assume their annual FCF takes a 40% decline and doesn’t grow that’s $224B/$38B= 5.9 years for BAC to earn their market cap.... + +I must be missing something because that seems insanely cheap! Can someone please tell me what I am doing wrong here? +Alibaba stock is still down more than 50% from its all-time high. The question is whether this decline in valuation is justified or whether it presents investors with a significant long-term value opportunity. Today I’m going to make the case for the latter. This is my first post on this community, so I hope you guys find this helpful. + +If you’re interested in listening, I also made my bull case for BABA on a recent episode of the CMQ Investing podcast, which you can listen to on[ Apple Podcasts](https://podcasts.apple.com/us/podcast/cmq-investing-presents-compound-money-quietly/id1550845137?i=1000546368068) and[ Spotify](https://open.spotify.com/episode/7jqsGnvqNNhpktlLLRkIWc?si=f2e10b6f7b8943d4). I’ve reproduced most of the relevant info from that episode for you guys here, but I encourage you to listen if you want to know all the details about why BABA has become a dominant stock in my portfolio. + +*Disclaimer: Not investment advice. Please do your own research and never invest in anything based solely on what you read in a Reddit post. I have held long positions in $BABA since 2018.* + +Generally speaking, there were two main reasons for the major selloff in BABA stock in December: 1) their recent earnings miss and 2) continued fear about the Chinese government’s domestic influence and potential to wield power over the company. In my opinion, both of these reasons are drastic oversimplifications, and the unnecessary fear about the company’s prospects that they’re creating make BABA at this low price look increasingly desirable. + +**Earnings** + +All of Alibaba’s revenue streams are still[ growing](https://www.cnbc.com/2021/11/18/alibaba-earnings-fiscal-q2-revenue-misses-earnings-plunge.html) healthily, and what seems to be overlooked in the reduction in earnings growth is the massive[ investment](https://www.cnbc.com/2021/11/18/alibaba-earnings-fiscal-q2-revenue-misses-earnings-plunge.html) they’re making in nearly all aspects of their business, which is bound to reduce short-term net income. Among these investments is $28 billion over the three years since 2020 in[ cloud computing](https://techcrunch.com/2020/04/19/alibaba-cloud-will-invest-28-billion-more-into-its-infrastructure-over-the-next-three-years/), where they still have plenty of room to grow: only 8% of their revenue comes from cloud computing, and this is despite the fact that they’re already the biggest cloud computing company in Asia and the third largest in the world. I don’t think people give enough credit to how much of a behemoth BABA is in Asia. This is not what a $300 billion dollar company looks like. Management is allocating capital towards areas where there is proven success and room for growth—personally, this is exactly what I’m looking for. + +The business continues to produce free cash flow, and produces it at a growing[ rate](https://www.macrotrends.net/stocks/charts/BABA/alibaba/free-cash-flow). They are also sitting on nearly 80 billion USD in cash on hand. + +**Chinese Government Crackdown** + +The elephant in the room is the Chinese government’s recent “crackdown” on domestic tech companies, including Alibaba. I believe that this is also an oversimplified narrative, and the amount of fear it’s causing in U.S. investors is deeply irrational. It is our job as investors to look at the details and discover the truth about the environment, and surprisingly few people talk about the reason the government actually “cracked down” on Alibaba—which was that Alibaba had been breaking the[ law](https://www.nytimes.com/2021/04/09/technology/china-alibaba-monopoly-fine.html) by preventing merchants from selling their goods on other E-commerce platforms. This seems… fair? At the very least, it shows that the PRC isn’t grasping for arbitrary reasons to crack down on companies like BABA, just because they feel like it or whatever. They identified anticompetitive practices, took action to address them, and in all likelihood will be moving their attention towards BABA’s competitors, leveling the overall playing field and making this an entirely temporary setback. + +I recognize I’m ignorant to the business and political situation in China, and that I’m taking on a certain amount of risk because of that. But between the hypersonic amounts of fear regarding China in the US right now, the fact that Charlie Munger (who frequently consults with Li Lu, the Warren Buffett of China, on his investments) is clearly unbothered by these actions, and the fact that as far as I know China has absolutely no reason not to desire further growth from their major economic players—this is a risk I’m comfortable taking. + +**Other Thoughts** + +**Brand:** Alibaba has the most valuable retail brand outside of the United States, and Warren Buffett and Charlie Munger have spoken extensively about the importance of brand in investing. (We also have a podcast episode about this on Apple and Spotify). BABA may be facing steeper competition in their e-commerce business over the coming years, but none of their competitors can match the power of Alibaba’s brand when it comes to customer stickiness and overall loyalty. + +**Long-Term Orientation**: Alibaba has what they call a “102 Year Plan” because they expect to survive as a business for at least three different centuries. This is exactly the kind of culture that investors should be looking for. + +At the 1993 Berkshire Hathaway meeting, Buffett recommended[ this](https://money.cnn.com/magazines/fortune/fortune_archive/1993/05/03/77809/index.htm) article by Carol Loomis about the “dinosaurs.” It’s about how three of the most “fearsome companies” went into a terminal decline. I recommend you read the whole thing, but the key takeaway is that these massive companies became complacent and failed to adapt. + +In my opinion, this is not what Alibaba looks like. They’re ambitious, long-term oriented, producing cash at a healthy rate, and investing in areas where they’ve proven they can build out and win. All in all, I think people are scared about a lot of things with Alibaba that they won’t be scared about five to ten years down the line. What do you guys think? + +Thanks for reading. If you’re interested, we also also have an episode about why I think Charlie Munger chose now to double down on his BABA bet, and how the move is representative of his unique investing style. If you’re curious about why he bought the dip, you can listen on[ Apple Podcasts](https://podcasts.apple.com/us/podcast/cmq-investing-presents-compound-money-quietly/id1550845137?i=1000547482311) and[ Spotify](https://open.spotify.com/episode/2nRlSl9otsxTlF2QEgguv9?si=a352c92f77ec4097), or read this post on our newsletter:[ How to Buy The Dip Like Charlie Munger](https://cmqinvesting.substack.com/p/buy-the-dip-like-charlie-munger). Thanks again guys. Looking forward to hearing your thoughts! +Definition of the former + +> In social insurance, PAYGO refers to an unfunded system in which current contributors to the system pay the expenses for the current recipients. In a pure PAYGO system, no reserves are accumulated and all contributions are paid out in the same period. The opposite of a PAYGO system is a funded system, in which contributions are accumulated and paid out later (together with the interest on it) when eligibility requirements are met. + +Definition of the latter + +> A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal. + +Life expectancy is increasing due technological progress (or other reasons, but life expectancy is growing steadly), which means a higher number of beneficiaries, and birth per population is decreasing, which means a lower number of entry. It is believed that world population will get older and it will start to decrease at some point. + +So, what are the differences between both? +Hey all! I'm living in Korea and I've been advocating for $GME on my YouTube channel for the last 6 months or so. My channel caught the eye of one of the main financial news channels here and they had me on for my second interview today, and one of the questions was about $GME. I'M HELPING TO BRING $GME TO ALL APES OF THE WORLD! + + +The interview is mostly in English, including this part. Here's the timestamped link to the $GME question if you want to check it out: + + +https://youtu.be/sXLV83NiqmA?t=689 +Is another scenario like 2008-2009 going on but with more of a safety net? I see purchase prices of 2006 times at the height of the bubble. We have a sellers market and low inventory, multiple offer scenarios on a lot of stuff we are flipping specifically in multi family and residential under 400K. Luxury market is slow but still moving. Low rates and everyone and their mothers getting into purchasing rental property. Eviction moratorium in place, yes I know each state is different with what they can do. No federal foreclosures and so on. I know it’s impossible to time the market I have learned the hard way!!! So more just curious what everyone else is experiencing? Midwest market! Also not saying that we don’t have deals going when the cash flow fits during these times just something I have noticed ! + +Appreciate everything from this awesome RE community! +The final catalyst for Gamestop has been staring us all in the face: The Gamestop Shareholder List (or Registry). Gamestop and it's transfer agent, [Computershare](https://computershare.com/) are required to maintain a Shareholder List. + + +## What is a Shareholder List? +Quite simply it is a list of all current shareholders, their address, the number of shares they hold and in some cases the price paid. A standard shareholder's list is made available on Gamestop's website here: https://investor.gamestop.com/stock-information/institutional-ownership + +There is also a copy in the proxy materials, page 31-33, available here: https://investor.gamestop.com/static-files/8f795a88-54a3-4320-b3e2-a2d5f28be6c4 + +As you can see. The list of shareholders only lists those that own 5% or more, or are an entity that is required to file a 13F form with the SEC every quarter. + +Is this a *full shareholder list*? **No.** + +A complete shareholder's list is generated prior to an annual meeting. It identifies who is holding shares on the date of record (most recently April 15, 2021) and is used to determine how many shares are held, who holds them and it helps determine how control numbers might be assigned to facilitate proxy voting. + +**Every shareholder has a right to request the shareholder list, to see and inspect the shareholder list before the annual meeting.** + +Investor.gov provides information related to Shareholder Lists: + +>Under SEC rules, a company must provide shareholders with a process for contacting other shareholders in two limited situations. The first occurs during **proxy solicitations** – when shareholders solicit proxies in opposition to a company proposal or for a vote on a proposal they favor. The second occurs in connection with a tender offer where persons seek to acquire the company's securities from existing shareholders. In both cases, the company may choose to either give the list to the person who requested it or mail the shareholder's soliciting or tender offer materials to other shareholders at the requesting shareholder's expense. + +Well. Every shareholder has a right to request it... *sort of*. (More on that later). + + +## Registered shares vs Streetname Shares +There are several categories of shareholders that exist. There are the big institutions that are required to report their holdings on the 13F, which is easy to obtain, but there are also individual investors that do not have the number of shares requiring disclosure. Breaking down smaller investors, there are essentially two main categories: + + +**Registered Shares** + +Registered shares are not very common anymore. They are typically paper shares that exist as physical certificates. These shares may have been purchased as a part of a direct stock option and are typically held and recorded by the transfer agent itself. They do not exist in a brokerage. + +Some good information from this article on [IR Magazine](https://www.irmagazine.com/shareholder-targeting-id/who-are-your-shareholders): + +>**Registered shares:** shares that are tracked by a transfer agent or registrar and either held in certificate form by the shareholder or held by the transfer agent/registrar in certificate or electronic form are considered ‘registered shares’. A public company can request a list of registered shareholders from its transfer agent for a small fee. However, few shareholders in the US keep their share ownership in registered form. + + +**Streetname Shares** + +These are the most common type of share for an individual to hold. They are the ones where the shares are held by a **brokerage** and lumped by the street address of the brokerage. These are the ones that are in the DTC and Cede & Co's books and are assigned to individual owners at the brokerage level. Of the streetname shares, there are two common types: NOBO and OBO. + +NOBO - Non-objecting Beneficial Holder + +OBO - Objecting Beneficial Holder + +Most individuals fall under the OBO category. These are shareholders that do not want their identity and personal information included in the registry, where as NOBO's don't care. That being said, brokerages don't really want to put their customer's information out there, so pretty much everyone is a OBO by default. (Some brokerages allow you to choose to be an NOBO or OBO). + +More information from [IR Magazine](https://www.irmagazine.com/shareholder-targeting-id/who-are-your-shareholders): + +>This category covers shares that are held ‘in custody’ in brokerage or investment firm accounts. These shares are not registered in the individual owners’ names but instead are registered in the (Wall Street) investment firm’s name – where we get the term ‘street name’. The investment firms are responsible for keeping track of share ownership for each of their clients so at the close of each day they can tally the shares held by each of their clients in each security. +> +>To keep track of all of the street name holdings, each firm or custodian holds their shares in accounts at the Depository Trust Company (DTC), or its nominee, Cede & Co, which serve as the central depository institution in the US. As a result, DTC is the holder of record for most public share holdings. + +Do you see the problem? The DTC and Cede & Co are ultimately the holders and guess what? They don't want you to know who actually owns the shares. + +A [white paper published by the Council of Institutional Investors](https://www.cii.org/files/publications/white_papers/02_18_10_obo_nobo_distinction_white_paper.pdf) details many of the problems with OBO shareholders. To put it succinctly, 50-60% or more of a companies shares are held by OBOs. In the case of OBOs, Gamestop cannot know who they are and what brokerage they are with ~~and how many shares are held~~. The transfer agent or an intermediary would know, but they keep that information from Gamestop. + +OBO's basically destroy a company's ability to properly track the shareholders and identify who holds what and how to setup a proxy for annual meetings and voting. To contact and forward proxy information to OBO's is extremely expensive and must be done through an intermediary. [Here is a letter Vanguard sent the SEC asking them to eliminate the distinction of NOBO & OBOs in 2019](https://www.sec.gov/comments/4-725/4725-6168191-192387.pdf). + + +## *Complete* Shareholder List +So now you may be able to paint a full picture of what the complete shareholder's list would contain. It would show all holders as of the date of record (April 15, 2021) in order to determine how many shares exist and can be voted upon.. etc. + +It would be comprised of: + + * 13F Filers (recorded by the SEC) + * Insiders (recorded by transfer agent) + * Registered Shares (recorded by transfer agent) + * Streetname shares NOBOs (broken down by each brokerage) + * Streetname shares OBOs (number of OBO and the shares they hold only) + +Because OBOs cannot be retrieved in detail, it is only possible to get the number of shares held by OBOs in streetname accounts. + +The important thing to know is this: + +**Gamestop has the right to request this information.** + +**Gamestop has requested this information.** + +**They know approximately who holds shares and how many shares exist.** + +**As a shareholder, YOU also have the right to know this information too.** + + + +## Securities Exchange Act of 1934 +The SEC Exchange Act of 1934 outlines two rules where shareholder lists can be requested: + + * [Tender Offers: §240.14d-5](https://www.ecfr.gov/cgi-bin/text-idx?mc=true&node=se17.4.240_114d_65&rgn=div8) + * [Proxy Solicitations: §240.14a-7](https://www.ecfr.gov/cgi-bin/text-idx?mc=true&node=se17.4.240_114a_67&rgn=div8) <-- Before Annual Meetings + +Let's take a look at Proxy Solicitations because let's face it. None of us here are in any kind of position to buy the majority stake in Gamestop. Rule §240.14a-7: + +>(a) If the registrant has made or intends to make a proxy solicitation in connection with a security holder meeting or action by consent or authorization, upon the written request by any record or beneficial holder of securities of the class entitled to vote at the meeting or to execute a consent or authorization to provide a list of security holders or to mail the requesting security holder's materials, regardless of whether the request references this section, the registrant shall: +>>(1) Deliver to the requesting security holder within five business days after receipt of the request: +>>>(i) Notification as to whether the registrant has elected to mail the security holder's soliciting materials or provide a security holder list if the election under paragraph (b) of this section is to be made by the registrant; +>>> +>>>(ii) **A statement of the approximate number of record holders and beneficial holders, separated by type of holder and class, owning securities in the same class or classes as holders which have been or are to be solicited on management's behalf, or any more limited group of such holders designated by the security holder if available or retrievable under the registrant's or its transfer agent's security holder data systems; and** +>>> +>>>(iii) The estimated cost of mailing a proxy statement, form of proxy or other communication to such holders, including to the extent known or reasonably available, the estimated costs of any bank, broker, and similar person through whom the registrant has solicited or intends to solicit beneficial owners in connection with the security holder meeting or action; +>> +>>(2) Perform the acts set forth in either paragraphs (a)(2)(i) or (a)(2)(ii) of this section, at the registrant's or requesting security holder's option, as specified in paragraph (b) of this section: +>>>(i) Send copies of any proxy statement, form of proxy, or other soliciting material, including a Notice of Internet Availability of Proxy Materials (as described in §240.14a-16), furnished by the security holder to the record holders, including banks, brokers, and similar entities, designated by the security holder. A sufficient number of copies must be sent to the banks, brokers, and similar entities for distribution to all beneficial owners designated by the security holder. The security holder may designate only record holders and/or beneficial owners who have not requested paper and/ or e-mail copies of the proxy statement. If the registrant has received affirmative written or implied consent to deliver a single proxy statement to security holders at a shared address in accordance with the procedures in §240.14a-3(e)(1), a single copy of the proxy statement or Notice of Internet Availability of Proxy Materials furnished by the security holder shall be sent to that address, provided that if multiple copies of the Notice of Internet Availability of Proxy Materials are furnished by the security holder for that address, the registrant shall deliver those copies in a single envelope to that address. The registrant shall send the security holder material with reasonable promptness after tender of the material to be sent, envelopes or other containers therefore, postage or payment for postage and other reasonable expenses of effecting such distribution. The registrant shall not be responsible for the content of the material; or +>>> +>>>(ii) Deliver the following information to the requesting security holder within five business days of receipt of the request: +>>>>(A) **A reasonably current list of the names, addresses and security positions of the record holders, including banks, brokers and similar entities holding securities in the same class or classes as holders which have been or are to be solicited on management's behalf, or any more limited group of such holders designated by the security holder if available or retrievable under the registrant's or its transfer agent's security holder data systems;** + +If you missed it: a shareholder (you) has the right to request from the registrant (Gamestop) a reasonably current list of shareholders which includes being broken down in the manner we discussed above with registered owners, and NOBO owners. They must submit it to you within 5 business days after requesting (but that does not include delivery time). + +Since Gamestop is Incorporated in Delaware, the State of Delaware also has laws that allow shareholders to obtain pertinent information about the business including the shareholder's list. + + +**Delaware** + +Gamestop is Incorporated in the State of Delaware, a state that is known to be incredibly favorable toward corporations. That being said, the Delaware Code (laws) states the following in regard to shareholder lists: + +>(b) Any stockholder, in person or by attorney or other agent, shall, upon written demand under oath stating the purpose thereof, have the right during the usual hours for business to inspect for any proper purpose, and to make copies and extracts from: +>> (1) The corporation's stock ledger, a list of its stockholders, and its other books and records; + +At this point, any shareholder technically can go down to Gamestop HQ in Texas and request to see the shareholder's list. This used to be standard in their proxy prospectus: + +>Delaware law permits stockholders to inspect the stock ledger and the other books and records of a corporation for a purpose reasonably related to their interest as stockholders upon compliance with the statutory procedural requirements. Delaware law also requires corporations to prepare, at least 10 days before every stockholders meeting, a list of stockholders entitled to vote at the meeting. The list must be open to the examination of any stockholder for any purpose germane to the meeting at the principal place of business of the corporation during ordinary business hours. The list must also be produced and kept at the time and place of the meeting during the entire meeting. +> +>The bylaws of GameStop provide that the stockholder list will be available at a place within the city where the meeting is to be held, which place must be specified in the notice of the meeting, or if not so specified, at the place where the meeting is to be held. + +I have no idea why that is no longer in the proxy prospectus. Has the provision been removed from the Gamestop bylaws? The laws of Delaware still stand however. + + +# It's the final countdown. + +Can we launch this thing already? If Gamestop has this information, they must inform the shareholder's that are requesting it so that shareholders can make informed decisions about their investment in the company. + +I personally have requested information from Gamestop and their transfer agent, Computershare. I have not heard anything back and it has been more than a week past the 5 business day deadline. That's why I'm posting this here in case anyone else has better luck. + +Perhaps the only way to get immediate access to that information is to go to Gamestop HQ in person during regular business hours. **NOTE: Do not actually do this. We don't want to inundate Gamestop with a massive amount of apes trying to get their hand on the shareholder list. I could be wrong, let's make sure this gets eyes on it by the experts first.** + +**TL;DR:** Gamestop is required to maintain a list of all shareholders and importantly the number of shares held. This information is able to be obtained by shareholders given the SEC Exchange Act of 1934 and Delaware Corporate law. Apes can request and see the shareholders list to know exactly what Gamestop knows as far as how many sharesholders there are and how many shares exist. 🚀🌛 NOW. + +Edit 1: Corrected a detail about OBOs. It is possible for Gamestop to get the number of shares and number of accounts that are OBO. They are at least afforded that information. + +## EDIT 2: COMPUTERSHARE RESPONDED. + +I wrote this whole thing out last night and funnily enough I have a letter in the mail today from Computershare. As it turns out, they **would have** provided this information. However, since I most likely fall into the OBO Shareholder category, they were unable to look up my information. They have asked me to resubmit my request and attach a brokerage statement verifying that I am a Gamestop Shareholder. Lets see where this goes! + +I have an updated request going out to them today in the mail. +They arent dividing apes. They are spreading themselves thin. Instead of having to fud one sub they now have to fud multiple subs. Which will also make the shills easier to spot and harder to hide. Apes got this +Your markets are run by bots. Now your daily threads are too. + +Happy 20,000 subscribers /r/ASX_Bets! + +[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/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban. +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). +I apologise if this is a dumb question, I am a dumb man. + +But now that I have more online activity regarding stonks, I keep getting adds for eToro, Plus500, etc etc. A lot of these boast no commissions, so why don't I see more people here using them? What's the downside? Commissions aren't huge but if rather that 19.95 per movement in my pocket than anyone elses. + +What am I missing. (I use commsec currently, by the by) +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). +I wanted to know exactly how much money I could save by bringing my lunch to work everyday, especially if I invested the savings or put it toward paying off debt. + +I ran the math on a few different scenarios, including (1) my current situation, in which I put the savings toward my 401(k), (2) putting the savings toward student loans on the standard 10-year repayment plan, and (3) putting the savings toward student loans on the 25-year extended repayment plan. + +I used my own numbers to calculate — $11 takeout lunch vs. $2.68 homemade lunch for a daily savings of $8.32. Here are the savings I found: + +Daily: $8.32 + +Weekly: $47.01 + +Monthly: $183.04 + +Yearly: $2,171.52 + +10 Year: $21,715.52 + +401(k) Scenario — invest lunch savings in 401(k) over 10 years: $54,180 + +Student Loans Standard Repayment Scenario — put lunch savings toward student loans over 10-year life of the loan: $25,660 + +Student Loans Extended Repayment Scenario — put lunch savings toward student loans until they're paid off in \~10 years, then continue to bring lunch for next 15 years and invest the savings in 401(k): $201,140. + +I wrote up the [full breakdown here](http://biglittlewallet.com/how-bringing-lunch-to-work-can-make-you-200000-richer/). The takeaway: these small savings, when compounded, add up to huge differences in your wealth. +Further, what completely boggles my mind is that if inflation is high, why are people pulling money out of the market? That's a good way to absolutely ensure your dollar is worth less a day, week, month and year down the road. + +I'm obviously missing some logic or something deeper, but market websites keep pushing the fear of rate hikes. Like, yes, that is what the fed does to combat inflation. Am I weird for looking forward to that? I don't really like paying 10+% extra on my grocery bill lately and would like it to go back to normal. +Hey everyone, + +I am currently putting money away into my TFSA which I am managing myself. I have some money in my RRSP which is managed by someone. My funds are roughly 66% RRSP and 33% TFSA. + +My TFSA is heavy in resources (oil/gas, mining, steel) while my RRSP has BCE / Telus and a mutual fund. I have half my TFSA in unallocated cash and am torn between a getting an ETF that follows the S&P and one that follows the NASDAQ (like VFV.TO or HXQ.TO), or getting some bluechip dividend paying stocks. Either way, I thought I should diversify by getting more market exposure. + +I know this sub is big on ETFs, but I have seen some posts where people have done well by putting money away into aristocratic blue chips that have increased their dividends consistently for decades. I am new to this. What is the advantage of either approach, and if an ETF is best, how do you select the right one? + +Thanks for your time and any assistance. +So, I'm sure that there are plenty of newbies in this sub such as me. I feel that it would be beneficial for us all to share our worst dividend plays. In my limited time I can see that SDIV is my worst dividend play with an average cost of about $11.20 I just feel like it is on a continuous spiral downward and I chased it because the dividend was over 10%! So surely this had to be the holy grail. Now being a pinch more seasoned in dividends investments made me realize now that dividend return is not the only part of the equation and hopefully me sharing this will help another newbie not strictly chase a high dividend but a stable investment overall +Just curious on everyone's thoughts. I wouldn't think it'll be as bad considering a lock down is more extreme but a recession would probably be over a longer period of time. +Warning to about those who purport themselves to be financial experts, and their agendas. + +/u/2020sbear account is 17 days old. + +In that time he has made a huge number of comments in a bunch of different investing and financial-related subreddits, and a good number of posts. He seems to be here to push an agenda. + +/u/2020sbear is using this web page **bearmarketsprofits.com** to create some validity for his claims. + +/u/2020sbear is not above a bit of virtue signaling either. https://old.reddit.com/user/2020sbear/comments/fwoirv/convid19_donations/ + +And seems to indicate he lives "in a country that has pretty low tax on trading (especially the markets I specialise in)" https://old.reddit.com/user/2020sbear/comments/fwoirv/convid19_donations/fmwnn24/ + +Though from what I'm seeing it's more likely he's just some guy near Bakersfield, CA (see below). + +Did a bit of sleuthing into **bearmarketsprofits.com**... and put my findings here: +https://old.reddit.com/r/options/comments/fyh6vc/template_of_public_perception_during_a_market/fn38mww/ + +As I wrote in another thread... I've seen similar before... Some investing messiah comes in and purports to have a crystal ball... makes some predictions... the ones that don't line up are explained and justified away, and for the ones that you guessed right you tap knowingly on your crystal ball. A following is built, people start pointing at the time /u/2020sbear guessed heads and holy shit, heads it was!... + +Caveat emptor redditors +1: https://ibb.co/nwP2HQ + +2: https://ibb.co/c1VbcQ + +3: https://ibb.co/coNYP5 + +4: https://ibb.co/dUSNHQ + +I received some private messages recently from some people on this board who were essentially saying "EXPLAIN YOURSELF!" in that I use Oanda despite them being a Dealing Desk aka "money maker". I honestly did not have an answer for them. I could not explain myself. So instead of trying to explain it to them and everyone else I just posted the conversation I had with Oanda. I'm posting for everyone's education. Make your own judgement, I have made mine. Enjoy + +EDIT: INB4 "YOUR A SCHILL" NO DUDES IM NOT SCHILLING FOR THIS GUYS. I HAVE NOTHING TO DO WITH THEM IN ANYWAY. I JUST TRADE USING THEIR PLATFORM. THATS IT +Initially, I, a Jan Ape, was in it for a quick buck. Since then I've religiously read the DD for hours day, everyday and have realized that without you wonderful apes the fraud will continue. We hold the key, the real shares to affect change against this rampant fraud... i.e. those who LIE, CHEAT, AND STEAL from the investing class without regard for humanity, solely for their own greed. I'm hardened. + + I'm 💎🙌 more than ever, and pledge to not sell 15% of my stake for all those X and XX HODLers so that we all can make the necessary changes to this system to make a fair and balanced market. + +A sincere, heart felt THANK YOU to the mods and many wrinkle brains, who refuse to be bought, for your AMAZING contributions to this ABSOLUTELY GENIUS trade. You see the need for change and have the courage to resist a sell out, and for that, I thank you. + +Just amazed! Peace to all. See you on the moon my fellow apes. + + 💎🙌 🚀 +It’s my first credit card and I’m looking to use it as a joint card with my partner for groceries, bills, life etc. How do people find it for this use? +Lets say I hypothetically got close to a million dollar inheritance recently. I've been an occasional stock market investor for a little over 2 years and found out that living off only dividends is a real possibility. I've done some research and calculations and currently been seeing exxon at 42.85 a share giving an annual dividend of 3.48. Now I could live comfortably off 50,000 so I did this calculation: $50,000 ÷ $3.48 = 14,368 shares and 14,368 × $42.85 = $615,660.91. I could do the same with AT&T but needing an extra 100k or so. Is this a stupid thing to do, I understand diversification is safe, but this just seems like a reasonable way to live passively. Am I wrong? + + +*Edit: This has gotten a lot more responses than expected and I want to clarify, I am asking as a hypothetical and I see myself as a beginner. I only made a robinhood account 2 years ago but I only invested actively for a total of probably the equivalent of a week, so I don't have all the terminology of investing down. I knew this isn't the safest or smartest thing to invest in for dividends, I just wanted to know how stupid or actually okay doing something similar to this is and different options from more experienced people, not only professionals. Thanks everyone for the good advice and insults too. +My question is this... Is there anyone here that has replaced their full time job with options writing? I know there is a lot of buzz now a days around the idea about being financially independent, but I’m curious if there is anyone here that have achieved that yet? If so I’d love to hear about the process and the different methods and sacrifices you had to make to get to that point! + This is directed at the people reading this that have more than a few thousand shares. I realise that when the share price hits 5 10 15 30 40 50 100 thousand dollars you become millionaire even billionaires. Can i please ask you for the minions holding way less than yourselves to hold the line to let us all get to dream money. I hear people on streams saying sell on green candles and sell on the way up . Fuck do you even realise that thousands of us have no experience in stocks and shares or even how financial institutions and markets even work. Myself and thousands evem maybe millions can only hope you hold the line , just like you told us to do. And wee have been doing that ,many since January and so with my fellow low share holders and the backbone of the apes i beg you to wait just that few dollars more so we can all enjoy the good life .. Thank you for your time brothers, sister ,young and old . Experienced and virgins. Hold till dream time Hopefully see you all on the moon ..... +I would guess that many here show appreciation to our parents in some shape or form. + +For those who give their parents a monetary allowance and are comfortable to share: + +* How much do you give? +* How often do you give? +* Your take-home income? + +If you don't (and it's understandable parents refuse this sort of thing), how do you go about it instead? + +Cheers +How to Overcome 3 Tricks Car Salesmen Use to Take your Money. + + +Purchasing a vehicle from a dealership can be an anxiety inducing experience. What I discovered was that the number one emotion women felt when considering buying a vehicle was ANXIETY followed by uncertainty. In this article we will review 3 tricks that dealers and car salesman use that cause this anxiety and uncertainty. I will teach you how to overcome these feelings, and become immune to the tricks. + + The worst thing that can happen to us as consumers is purchasing something and quickly regretting it. This is called buyer’s remorse and it is a terrible feeling. Why? Well you just spent $20,000 and you are married to a monthly payment for 3-6 years. I do not want this happen to you! The following tips are designed to prevent you from being pushed around by the salesman and to ease your mind of worries in regards to overpaying. + +#1 ~ Emotional Manipulation + +During my car salesman days, we were taught many subliminal tactics to get customers interested in vehicles. One is emotional manipulation. The reason salesmen often insist on test driving is to get you to create a sense of ownership in your mind. “Ma’am take a seat, adjust the mirrors, now adjust the seat until you are comfortable . Go ahead and turn on your favorite radio station and flip back the sunroof.” Is your heart beating faster and you excitement increasing? You are unknowingly getting excited and your mind is taking mental ownership of this nice new vehicle. That awesome new car smell isn’t helping either is it? That feeling of euphoria is a very human response. They are counting on you to feel this way. + +What happens next is quite primitive. As our excitement builds, the emotional part of our brains begins to take over. When this happens, we are much more likely to make a choice based on emotions. Have you ever heard of dogs that go crazy and get scared during lightning and thunder storms? I had an adorable shizu dog that would run miles away when thunder rumbled the house. RIP Bootsy. During these storms the logical part of his brain would turn off and the emotional part would take over. In this case fear dictated my dog’s behaviors. Much like my old boy Bootsy (my mom named him btw), this happens to us when we take mental ownership of a new car. The budget we set and the price we wanted are now more likely to be negotiable. + +**How to overcome trick #1 “Emotional Manipulation”** + +Be mindful of your emotions. Simply being aware of this tactic beforehand and how our mind/bodies will respond is a half of the battle in not making a poor emotional based decision. I always recommend that we sleep on it. My rule of thumb is to never make a large purchase the same day. This isn’t the same as picking up a Snickers while in the checkout line. This is a 5 figure purchase that we will be married to for the next 3-6 years. Be smart, go home, sleep, and revisit it the next day when your mind has had a chance to tend to other matters. + +#2 ~ Pushing you towards Payments + +After the test drive we will be directed to go inside, sit down, fill out our contact information, and discuss the price. Car salesmen are taught to negotiate the payment with us instead of the price of the vehicle. This has two benefits for them. 1) Making an affordable payment is relatable and gets your mind off of the actual price. We end up paying more this way. (See Ex1 at the end for a math based scenario) 2) The interest rate and the length of the loan can quickly fall into the background with this payment focused presentation. The payments method works because we are more likely to digest the affordability of a a monthly payments versus the 5 figure sticker price. Over six years, a $100 dollar increase is not that much, but by doing the math it will add on $6K to the total price - wow, that's mind-blowing! See below how Customer 1 saved $4,200 by focusing on a $70 lower payment. This is worth repeating...A $70 monthly difference saved $4,200!!! + + + + +**How to overcome #2 “Pushing you towards payments”** + +Tell the salesman up front “I am not interested in going over payments right now, let’s stick to the price of the car out the door.” You must be proactive here. A skilled salesman may even give you a rebuttal of “well ma’am, I just want to make sure you get something that is affordable and fits your budget”. Just smile at your new adversary and politely say “While I appreciate your concern, I have all of that figured out, please just get me the out the door price”. (Make eye contact and smile for added value and enjoyment). They will get the picture. You want the individual price of the car and that is what you want to negotiate. You have now become a formidable opponent. You have now indirectly saved yourself hundreds if not thousands of dollars by directing the negotiations down this road. (See Ex1 at the bottom for a math based scenario on why this works) Also, the out the door price is the price of the car plus all of the fees that the dealer adds on. Better to know sooner than later what fluff fees the dealers will add. + +#3 ~ The Finance Office + +After a price has been agreed upon, we are sent into the finance office. Here you meet the Finance Manager. This person finishes your paperwork, gets you financed (or takes your check), and offers you products to protect your new vehicle. This is where even the toughest buyers lose. Why? They lose because their guard is down. When we agree upon a price, we get a handshake and a congratulations. Usually the sales manager gets in on this as well. You give out a big sigh of relief. In my sales days, I will never forget this one customer who was an excellent negotiator. He knew what he was doing and worked us down to a super low profit. He clearly was prepared and this resulted in the dealership making around $100 on the car (Nice job!). What happened next really opened my eyes. He ended up paying $4500 on the warranty and GAP products as well as accepting an interest rate 2% higher than he should have. (explanation of these products below in Example 3) All of the money he had just spent his energy and time saving was washed away in the finance office. Customers let their guard down when a price has been reached with the salesman. Don’t let this happen to you. Being aware of yourself and the situation is half the battle. + +I want you to know the background of the Finance Managers and how they get that job. It’s not by going to business school and majoring in Finance. They get there because at some point they were the top car salesman in the dealership selling 20+ cars a month. That is part of the car sales business ladder. It takes a different set of skills since they are selling an intangible product. You can’t put your hands on a warranty or an interest rate. Therefore it takes a higher degree of sales skills to be successful here. They are the best at what they do and that is why they get paid the big bucks. + +The first move when we enter the finance office is to make us feel comfortable. Let’s nott let his smile and firm handshake fool us. He has one clear goal. Convince us to buy what he has. He doesn’t make as much money otherwise. He will once again show us the NEW payments if we were to purchase products A, B, or C. They make money in 2 ways. The first is by increasing the interest rate we are charged. They borrow your loan money from Bank A for 3% and charge you 4%. The dealership gets a part of that and the Finance Manager gets around $500 per % point he charges us. See Ex 2 to see how a 1% increase can cost you well over $500. The second way they make money is by selling us the company warranty or gap products which can vary drastically. + +**How to overcome #3 “The Finance Office”** + +As before, we want to ask for the total price of the product we are interested in. It really is a personal preference whether you want any of these or not. I personally have and never will get any of them even if they do add free oil changes. Don’t let my stance deter you though because there are some amazing packages out there that add free oil changes for years. Be ready to pay a little extra than you would normally though. The convenience is worth it for some. (See example 3 below for more information on products and how to get the best deals.) Next if not already done, we want to clarify what the interest rate is. + +Good luck! I hope that this information will allow you to walk into a dealership with confidence. I hope this was helpful for you and will aid you in saving hundreds, if not thousands of dollars on your next purchase. + +www.iwillteachyoutosave.com ~ My site + + +**Example1** + + We are purchasing a $25,000 car. Let’s say we go in wanting to pay $22,000. +The salesman comes out and says you can choose from a payment of $460 or $391. “Which one works better for you sir?” Do you see what he did there? He changed your $3000 price reduction to a payment and asked you a question directing you to pick from HIS two options. Many people lose here. They say they like one of the payments and lose OR they say they negotiate and say they want to be at $350 a month. The salesman takes your $350 request to his sales manager, they come back at $360 (They always come back higher). Great. Car is sold. Let’s do the math though. You wanted to be at $22,000. By accepting $360 you just paid $23,000 for that vehicle AND you have no idea what the interest rate is. The lesson here: Keep things simple and stick to the vehicle price first. When that is settled THEN work on payments. + +**Example 2** + +A $23,000 car loan for 72 months at 4% ~ You will pay $25,920 over the life of the loan assuming you pay 72 normal payments +A $23,000 car loan for 72 months at 3% ~ You will pay $25,200 over the life of the loan assuming you pay 72 normal payments +That is a difference of $720 +Know your local credit union or banks rates before you finance a vehicle. + +**Example 3** + +Be familiar with the products BEFORE you go into the finance office. + +GAP Insurance: http://www.bankrate.com/finance/insurance/car-gap-insurance-is-it-right-for-you.aspx +Extended Warranty: http://www.consumerreports.org/cro/magazine/2014/04/extended-warranties-for-cars-are-an-expensive-game/index.htm + +The $4500 example above was many years ago. Competition in the warranty market has increased and they are much less expensive nowadays. Still, do your homework and check around. Credit Unions often offer much cheaper products that do more if you finance with them. Companies like State Farm Insurance now do auto financing and will give you GAP for FREE if you finance through them! My credit union charges $349 for GAP. Dealerships charge $750 and above. I hope you can appreciate the value. + +Edit: Editing + +Let me know if this is helpful. I want to start a website / course on car buying. Any feedback is appreciated. + +Edit2: Holy Shit, i love Gooohohohohooold. Front page:) Thanks Reddit for confirming I'm on point with the writing and material. You have given me the confidence I need to continue my journey with this stuff. There really is a problem/opportunity with an industry that triggers so many negative emotions just at the THOUGHT of it. + +Edit3: Disclaimer: there are MANY honest salesmen and dealerships out there. This was written to be informative not to put anyone down. The problem is the decade long stigma the industry has created in our minds. I find that being polite, persistent, and educated on rates and prices has gotten me the best deals. And to all the butthurt ppl commenting that this is all bs, read the comments, these are a testament to how ppl feel about the industry. Don't hate the player +In NY, Long Island specifically, 5 years ago, we bought our first home and wrote letters to the homeowners hoping to sway them toward us over other offers. Now trying to purchase another home our realtor is telling us it’s not a thing anymore and can be viewed as discriminatory. I’m not even understanding why. There’s advice on the internet that it can or can not help, but if the homeowners find you trustworthy and like able it may help you in the long run. Are we old and out of touch now? +I recently joined the sub and I finally decided to get a grip on my finances to allocate a portion of my income for investing. + +At 26 years old, Seeing all the younger ones here, I feel like I am a bit late to this whole thing. Am I being unrealistic? + +I will be investing 300$ per month + any extra OT money. + +Edit: As a means to make this journey more exciting, I have decided to publish updates on Youtube. I will not be posting the link as I am not sure if it respects the guidelines of the subreddit. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I make this post once a year, around the Christmas/New Year's Eve time. + +As most of us know, keeping your credit history as long as possible is very good for our credit scores. The more lines of credit we have open, the more it affects our average age of credit, total amount of credit available, and just in general credit score goodness. + +That being said, it's time to think of the credit lines we have open just to keep the average age of credit up. Those cards that you have stuck in a drawer because they have no annual fee, but don't give decent enough rewards to be used on a regular basis. + +It's that time now! Pull those cards out and buy a value meal at a McDonalds. Maybe a coffee at Starbucks. Hell, use them to buy a tank of gas for your car. + +If you have enough monthly charges, put each card with one of them. Insurance on one, Netflix on another, etc. Then set up auto-payment so you don't need to even think about them. + +The important cards are the ones that may get canceled because of non-usage. Those are the ones that you want to do anything with this year. Spend SOMETHING on them, then immediately go pay them off. Just like always, you don't need to pay interest to keep your credit score up. + +Happy New Year my PF friends! +Mirae Asset emerging Bluechip fund has limited it's SIP value to ₹2500. What does this mean for a fund in general? + + +Here's a link to download the official addendum: + +https://www.miraeassetmf.co.in/docs/default-source/addendum-2019/notice_limiting-inflows-through-sip-suspension-of-stp_maebf.pdf?sfvrsn=e0174fa2_2 +Before the government plundered it, the RBI was maintaining extremely large amounts of reserves which it meant to deploy in emergencies. + +All RBI governors under NDA until the appointment of Shaktikanta Das resisted giving the government special dividends. + +Now HDFC has openly stated that the RBI will have to step in and provide structural support to banks, as the COVID-19 pandemic will hit the loan books of virtually all lenders as businesses halt operations whether voluntarily or under government orders. + +Does the RBI have enough capital to finance the economy without having to print more notes? +(can't paste charts - so doing a text version of my analysis) + +*Digit (GoDigit General Insurance Limited), a 5-year old insurtech startup, filed its DRHP a couple of weeks ago. With industry veteran, Kamesh Goyal at the helm and with Prem Watsa's backing, the company has been closely tracked.* + +*Digit has managed to significantly differentiate itself in the motor insurance landscape with its seamless digital offerings. As a result, the company has grown gross premiums by \~50%+ CAGR over the last 3 years and has captured meaningful market share in the motor segment.* + +*But - if the last 2 years has taught us anything, it is that startup IPOs (fintech & otherwise) haven't served their investors too well.* + +*While we don't know Digit's IPO valuations yet, the company is likely to value itself at a premium to its recent fund raise valuation of \~$4B. Will Digit's IPO be reasonably priced?* + +*Won't prescribe an answer, but will rather lay out a framework to think about it. Read on!* + +**Digit & the non-life insurance opportunity** + +**Digit - the company** + + +Digit was founded in December 2017, and has carved out a leadership position for itself in the general insurance space in a very short period of time. Two reasons we think this happened: +1. Digit's simplified and largely digital offerings have really worked well with customers, specifically in the motor insurance space. This has positioned Digit really well to tap into India's significantly under penetrated insurance market (more on this later). +2. Digit has a world class promoter group with deep industry expertise - Kamesh Goyal, the CEO, is an industry veteran with 3+ decades in the insurance space, and Prem Watsa's Fairfax Financial is one of the largest investors in the company. + +**The Non-Life opportunity in India** + +Penetration in India is awfully low - in fact it is low even when benchmarked to other emerging economies - making non-life a massive untapped opportunity. + +**Digit's position in the Insurance landscape** + + +Firstly, Digit has managed to grow really fast (**62% YoY growth in gross written premiums in FY22!**) + +Second, most of Digit's business and growth has come from Motor (ICICI is the market leader in Motor Insurance) - \~60% of GWP came from motor insurance in FY22. + +Clearly, the company needs to demonstrate that it can replicate its motor success in other areas. + +**Why is Digit IPO'ing now?** + + +Digit is tapping the public markets for two reasons (beyond the indirect benefit of a public listing creating visibility and unlocking valuation for the company). + + +**Fresh Issue:** Firstly, Digit is looking to do a fresh issue of shares to raise Rs.1250 crores to capitalize the company and raise its solvency ratio. +**Offer for Sale:** Secondly, a number of existing investors will sell their shares as part of the IPO. This means the proceeds from this don't make it to the company, but go into the hands of existing share holders. This is fairly common during IPOs. The exact extent of OFS has not been specified and will be known when the company finalizes an exact share price. + +**Pre-IPO solvency ratio of 201%** + +**Post-IPO solvency ratio of 336%** + +**Digit's IPO valuation** + + +Now that we know why Digit is raising money, let's make an educated guess on the company's potential IPO valuation. Here is what we know about recent valuations: + + +1. Virat Kohli and Anushka Sharma were issued shares at a valuation of \~$1B in February 2020. (This name dropping adds no value to the story, but we figured we'd share the trivia!) +2. The company's recent share issuances in May 2022 were at a valuation of \~$3.6B (or \~29K crores). Existing backers including Sequoia infused capital in this round. + +Given the recent fund raise, Digit will likely IPO at a valuation of >29K crores or >$3.6B. While we don't know the exact numbers yet, let's assume this is at least 30-35% higher than its recent valuation, pegging the value at \~$5B. + +But is Digit worth $5B? Let's break this down. + +&#x200B; + +**Is the Digit IPO worth it?** + +Here are some points to note: +1. Digit is unprofitable (**\~300 Crores PAT loss in FY22**), but we'll ignore profit for now given the company is growing fast. Given this, we can't do a price to earnings multiple for Digit. +2. Digit's solvency ratio post the IPO raise would be one of the best in the industry. +3. In terms of profitability, ICICI Lombard is the best performer - not only in terms of posting a healthy profit but also having a robust return on equity (**14% ROE**). + +Given this, let's value each of these companies on price to book (P/B) or price to networth (a common metric used for financial services companies). Digit's P/B has been evaluated for its recent pre-IPO raise at $3.6B (labelled Pre-IPO) and an assumed valuation of $5B (labelled Post-IPO). + +P/B ratios - + +**NIA - 0.8, Star - 9.4, ICICI - 6.8** + +**Digit (pre-IPO) - 15.3, Digit (Post-IPO) - 12.8** + +Digit is a fantastic business no doubt, but we at ZCharts are sticking with what Charlie Munger says: "no matter how wonderful it is, it's not worth an infinite price". + +***What do you think about the Digit IPO - would you subscribe?*** + +***Read the whole analysis here -*** [***https://zcharts.rupeezen.com/digit-ipo-go-or-no-go/***](https://zcharts.rupeezen.com/digit-ipo-go-or-no-go/) +Prior to 2017, I tended to spend about 40 to 50 USD per week on "just for me" things. Then, in late DEC 2016 or early JAN 2017, I decided to let Google Docs decide my weekly FUN budget. + +It's a very simple spreadsheet. Just: + +expected 2017 income (fairly accurate) + +(minus) overall 2017 expenses (padded) + +(minus) this much to reach targeted savings amount (accurate to a dollar) + +(minus) in case of emergencies (padded) + +(divide) remaining amount by number of weeks left in 2017 + +I felt quite savvy when Google Docs estimated about 44$ per week. Anyway, it's now about 50$ per week because apparently, whichever sector of my brain is in charge of "fun" has decided that seeing this number go up is more fun than actually spending it. + +Edit - simple spreadsheet example + +Edit again - just a screenshot now because I'm not sure when PF will approve the spreadsheet + +http://imgur.com/a/DmPua + +Edit III - shared the imgur link to those who asked for spreadsheet. Apologies if I missed anyone. +With AT&T being probably one of the most reliable high yielding stock, I want to talk about it’s future. I do own 10 shares of it just to put it out there to prevent any conflicts. With AT&T goal to put down debt slowly can we see them committing to share buy back to reduce amount of dividend it pays out. After all AT&T’s dividends are more expensive compared to AT&T debt interest. Apple for instance have bought back enough shares to the point where the amount they pay out is less but shareholders now earn more. + +Hope my point makes sense if it doesn’t let me know I’ll review my statement and rewrite it. + +Edit - whoa thanks for the award, first ever I’ve got! +I submitted this to /r/dataisbeautiful [some time last week](https://np.reddit.com/r/dataisbeautiful/comments/4q9iwa/40_years_of_investing_returns_in_the_sp500_with/) and it got some traction, so I wanted to post it here but with a more in-depth writeup. + +Note that this data is from Robert Shiller's work. An up-to-date repository is kept [at this link](https://github.com/datasets/s-and-p-500/tree/master/data). Up next, I'll probably find some bond data and see if I can simulate a three-fund portfolio or something. But for now, enjoy some visuals based around the stock market: + +**Image Gallery:** + +* [Main image](https://i.redd.it/nn43lzu4d16x.png) +* [After 145 years (all data)](https://raw.githubusercontent.com/zonination/investing/master/returns.png) +* [Your chance of selling at a loss](https://raw.githubusercontent.com/zonination/investing/master/snippets/short-probability-2.png) +* [Animated](https://github.com/zonination/investing/blob/master/README.md#other-visualizations) + +The plots above were generated based on past returns in the S&P. So at Year 1, we take every point on the S&P curve, look at every point on the S&P that's one year ahead, add in dividends and subtract inflation, and record all points as a relative gain or loss for Year 1. Then we do the same thing for Year 2. Then Year 3. And so on, ad nauseum. The program took a couple hours to finish crunching all the numbers. + +In short, for the plots above: **If you invest for X years, you have a distribution of Y possible returns**, based on previous history. + +Some of the worst market downturns are also represented here, like the [Great Depression](https://en.wikipedia.org/wiki/Great_Depression), the [1970s recession](https://en.wikipedia.org/wiki/1973%E2%80%9374_stock_market_crash), [Black Monday](https://en.wikipedia.org/wiki/Black_Monday_(1987\)), the [Dot-Com Bubble](https://en.wikipedia.org/wiki/Dot-com_bubble), the [2008 Financial Crisis](https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308). But note how they completely recover to turn a profit after some more time in the market. Here's the list of years you can invest, and still be down. Take note that **some of these years cover the same eras**: + +* **Down after 10 years** (11.8% chance historically)**:** 1908 1909 1910 1911 1912 1929 1930 1936 1937 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1998 1999 2000 2001 +* **Down after 15 years** (4.73% chance historically)**:** 1905 1906 1907 1929 1964 1965 1966 1967 1968 1969 +* **Down after 20 years** (0.0664% chance historically)**:** 1901 +* **Down after 25 years** (0% chance historically)**:** *none* + +--- + +**Disclaimer:** + +Note that this stock market simulation assumes a portfolio that is invested in 100% US Stocks. While a lot of the results show that 100% Stocks can generate an impressive return, **this is not an ideal portfolio.** + +**[A portfolio should be diversified](https://www.bogleheads.org/wiki/Three-fund_portfolio)** with a good mix of US Stocks, International Stocks, and Bonds. This diversification helps to hedge against market swings, and will help the investor to optimize returns on their investment with lower risk than this visual demonstrates. This is especially true closer to retirement age. + +In addition to this, this curve only looks at **one lump sum** of initial investing. A typical investor will not have the capital to employ a single lump sum as a basis for a long-term investment, and will instead rely on *dollar cost averaging*, where cash is deposited across multiple years (which helps to smooth out the curve as well). + +--- + +If you want the code used to generate, sort, and display this data, I have made this entire project open-source [here](https://github.com/zonination/investing/). + +Further reading: + +* [Personalfinance Wiki on Investing](https://www.reddit.com/r/personalfinance/wiki/investing) +* [I have $X. What do I do with it?](https://www.reddit.com/r/personalfinance/wiki/commontopics) +* [The Bogleheads Wiki on Three Fund Portfolios](https://www.bogleheads.org/wiki/Three-fund_portfolio) +* [cFIREsim - open-source portfolio simulator](http://www.cfiresim.com/) +I'm 30/F and of course the question of whether or not I want to have kids eventually is looming over me. + +I got to wondering how much it actually costs to raise a kid to 18 and thought I'd share what I found, especially since I see a lot of "we just had a baby what should we expect?" questions posted here. + +[True cost of raising a child] (http://www.nerdwallet.com/blog/cities/cost-raising-child/). It's based on the [2013 USDA report](http://www.cnpp.usda.gov/sites/default/files/expenditures_on_children_by_families/crc2013.pdf) but takes into account cost of living in various cities. The national average is **$245,340**. Here in Oakland, CA it comes out closer to $337,477!! And this is only to 18, not including cost of college which we all know is getting more and more expensive. + +Then [this other article](http://www.todaysparent.com/family/family-budget/million-dollar-babies/) goes into more of the details of other costs, saying "Ward pegs the all-in cost of raising a child to 18 in the U.S. at around $700,000, or closer to $900,000 to age 22" + +I don't know how you parents do it, this seems like an insane amount to me! + +----- + +**Edit** +I also found this [USDA Cost of Raising a Child Calculator](http://www.cnpp.usda.gov/calculatorintro.htm) which lets you get more granular and input the number of children, number of parents, region, and income. Afterwards you can also customize how much you expect to pay for Housing, Food, Transportation, Clothing, Health, Care, Child Care and Education, and other: "If your yearly expenses are different than average, you can type in your actual expense for a specific budgetary component by just going to Calculator Results, typing in your actual expenses on the results table, and hitting the Recalculate button." + +**Edit 2**: Also note that the estimated expense is based on a child born in 2013. I'm sure plenty of people are/were raised on less but I still find it useful to think about. + +**Edit 3**: A lot of people are saying the number is BS, but it seems totally plausible to me when I break it down actually.. I know someone who is giving his ex $1,100/mo in child support. Kid is currently 2 yrs old. By 18 that comes out to $237,600. That's pretty close to the estimate. + +**Edit 4**: Wow, I really did not expect this to blow up as much as it did. I just thought it was an interesting article. But wanted to add a couple of additional thoughts since I can't reply to everyone... + +A couple of parents have said something along the lines of "If you're pricing it out, you probably shouldn't have a kid anyways because the joy of parenthood is priceless." This seems sort of weird to me, because having kids is obviously a huge commitment. I think it's fair to try and understand what you might be getting into and try to evaluate what changes you'd need to make in order to raise a child before diving into it. Of course I know plenty of people who weren't planning on having kids but accidentally did anyways and make it work despite their circumstances. But if I was going to have a kid I'd like to be somewhat prepared financially to provide for them. + +The estimate is high and I was initially shocked by it, but it hasn't entirely deterred me from possibly having a kid still. Just makes me think hard about what it would take. +Tons of big money are going to make a killing on the squeeze and the possible aftermath if the market collapses. They want this to happen. They are all sharks, they don't see each other as allies, they are all enemies. + +They may smile and shake hands, but they will slit each others throats when the time comes. Just relax and hold your shares. + +Keep in mind that no matter the FUD, the institutional longs have not abandoned GME. They held through all of this just like us. They have big plays they are going to make so they can devour their competitors. We are just along for the ride. +Reselling was a good landing point after the disaster known as school consumed the vast majority of my life. I still have PTSD from it. + +However, I don't know if it is a good job for me. I work "full-time" with no other income sources and make around $20,000 net after taxes or $23,000 before tax. + +I have not applied myself fully to the business (still pay sales tax on items I purchase for resell, no car, limited inventory space). The main issue with reselling is buying items and holding inventory. + +I few myself as an anti-consumer minimalist so reselling is only really fun once the item sells and it leaves (hopefully forever) my living space. I have one storage unit but most items that are soon-to-be listed are in my apartment. + +I feel like there is this level of dread. Within my procrastination matrix, the things that need to be done (listing) are put-off until my sales are completely dry or it is a very easy to list item (new stuff). Shipping and packing up items are focused with a time crunch. This is actually easier because it allows my mind to focus on a single task. + +I am not sure if reselling is for me due to the conflict in personality. In fact, I much rather be at an estate sale and tell others why they should buy a certain item. But when I buy something, I feel like I am betraying my philosophy. + +Not sure what other jobs I could get though. I view myself as an undesirable hire. Mainly due to having no filter in the interviewing process. And (generally) the requirement of owning a car (I can't drive). + +What would you recommend? +So I bought them @ 484 and I feel like kicking myself rn because of the dips. Only thing for me to do is to embrace the HODL + +Edit: Thanks for all the good vibes, I'm definitely not gonna sell and HODL on + **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.** +I'm a beginner trader and mainly a scalper. Holding positions from 1-3 minutes long and only trading 1st hour of the day. I live in a different part of the world so that's how late I can stay up til. + +I've been finding really hard to grow my account with such a small account. I've been trading the SPY, TSLA, NVDA mostly. Entering with 1 contract only for risk management. I could go with cheaper stocks so that I can enter with multiple contracts but they are less volatile and contracts doesn't move as much. On top of that, I have to pay commission for my broker so it might not be worth it. + +With that said, any advice on how I can grow this account? Only way I can think of is accept my daily profit $20, $30 here and there and slowly build it up this way. +My battery died and it would cost me $5K to put in a new one. But the dealer told me that the car is in perfect condition and a new battery would easily take me to 300K miles if maintained properly. I have 160K miles on it. I'm guessing a brand new prius would cost me at least $25K or so out the door. I was getting 48 to 52 mpg before the battery died and I know it's in good condition because I maintained it meticulously - always took it to the dealer. Battery dying was my fault because the dealer has warned me for couple years that it needs to be replaced (I guess 12 years is a long time for a hybrid battery). My gut instinct is to spend the $5K and keep driving my Prius. I'm the original owner so I know that it's in good shape. I won't get that same assurance if I buy a used car. + +&#x200B; + +UPDATE: After reading so many helpful posts, I decided to give green bean a try. Just made an appointment online - About $1500 bucks with 5 year warranty. I'm going with the consensus. Thanks! +I live with four roommates and, between us, we have a gross income of maybe $150,000 per year, ranging from $12,000 to $62,000. Our take home, combined, is probably $100,000. We live in a city where minimum wage is $15 an hour so individually some of us make much more but we don't average more than minimum wage total. Our rent costs us about $3500 a month including utilities. That doesn't put us below the poverty line but things are relatively tight. + +We live near a church that was recently having a food bank and one of my roommates stopped in to pick up some things. All told we probably received about $200 worth of groceries and, while that $200 wouldn't have been beyond our means, it helps significantly. For the last several months I've been living on junk food because I've barely had the motivation to cook between financial anxiety and social anxiety. + +I try to help in any way I can, offering friends who are in bad situations a place to stay until they get on their feet, and I won't hesitate to give up as much as I can to help anyone who asks, but I feel like in accepting the donations from the church I'm taking food out of the mouths of people who need it more. I haven't been very active with any of the churches or community centers near where we live, mostly from being burnt out after work, but I plan on helping when I can. + +I don't really have a question, I just needed to vent because I don't know when it's okay to stop giving. I feel like as long as I have more than anyone whose path I cross I haven't done enough to help, and it's caused me a lot of cognitive dissonance to accept help when I feel like there's still more help I can give. +How come some people on AusFinance are anti Barefoot Investor/Dave Ramsey. Is it because their advice is simple/ common sense to get people out of debt and AusFinance is more about wealth building? I see comments everyday about the average salary in here being $250k but a lot of the questions are actually pretty basic financial ones which makes me think some of the people could start by researching BFI and DR 🤔 +Posted this elsewhere but probably more relevant here. + +To all the high income earners pursuing fatFIRE: how do you decide when to walk away from a high paying job? + +For example, if you make $1MM income per year, how do you resist the urge to stay another year? $2MM income per year? $5MM income per year? Etc. I get that at some point, enough is enough, but how do you get over the feeling that you should take advantage of your maximum earnings potential right now to pad your NW in case you need / want extra money in the future? + +Some advice I have heard is to determine your % threshold, and if an additional year of working adds less than that % to your net worth, you should stop working. + +Thoughts from people in this situation? If you use the above approach, what are your personal %s? +Is there a real risk of debt fund NAV dropping due to panic selling? Even if we rule that out, what about the risk of bond issuing companies suffering massive losses in coming months leading to write-offs of loans? + +Disclaimer: This is a genuine question from a concerned investor. Not trying to create panic. +I grew up in a middle class family and both of my parents worked tech in the bay area. I pursued the same career and was lucky enough to be hired right out of college as a SWE during the initial tech boom. I worked for a couple of years and debated on doing a start up. My boyfriend at the time, now husband! encouraged me too. I did and it was really hard. I was barely breaking even every year but now 5 years later, I was able to sell my start up to a larger company because I was never one to be the next big thing anyway. After all the legal fees and taxes, I am looking at roughly 6m! More than halfway towards our 10m goal. + +I'm 29 now and my husband is 31. We have two kids (2 and 6 months). My husband is a physician and is paid roughly 300k a year. I am thinking of taking a couple of years off and being a SAHM until my kids are in school since my husband's job will pay for more than enough of our spending. So, I'm just not sure what to do now? + +I will be looking into a financial manager and am interested in what you all have to say. Who do you see? Do you do it yourself, how do you do it?A couple of things we're looking into doing now. Pay off the last 200k on our house. My two younger siblings are pursuing graduate degrees and will owe roughly 100k combined which I could pay for so they can start their career debt free. Pay off the remainder (\~150k) of my husband's medical school debt. My PIL also have 50k left on their house that we could help with. My mom is self sufficient as she owns a restaurant but I think it would be nice if we could pay for some restorations that could increase revenue. My father and his new wife (She's 30, he's 55) are considering buying a new house which I could afford to chip in for but I'm not sure I want to as she is one of the most vile women I have ever met. Any good ideas on what to do with that?Setting up a college fund for the kids is good as well, I don't know. I am grateful for my life now but I'm not sure what to do with this newfound wealth. What did you guys do? + +&#x200B; + +EDIT: Thank you so much for all the replies, I just made this post on a throwaway to see what other's opinions were and a lot of you guys have provided a lot of insight. My husbands and I are the only ones that know about the big sell. I think we will keep it a secret for now until I finish figuring out the logistics of everything. But we've agreed to pay off the house and his medical school loans so far. I know a lot of people are saying that it is smarter to reinvest than to pay off but for us personally, knowing we have no debt is worth more for us. +A lot of you also have been saying that I did not grow up middle class but low income in the Bay Area is less than 117k. My parents growing up were netting maybe 130-140k with 3 kids. Its crazy how expensive it is here. +https://www.cnbc.com/2019/08/14/trump-hammers-clueless-jay-powell-rails-against-crazy-inverted-yield-curve.html + +President Donald Trump blamed the Federal Reserve for mounting fears about a slowing U.S. economy on Wednesday as he defended his administration’s trade war with China. + +In a pair of tweets, the president argued the central bank and its “clueless” Chair Jay Powell have dragged on the U.S. economy. He also blamed the Fed for the yield on the 2-year U.S. Treasury moving higher than the yield on the benchmark 10-year Treasury — a possible recession indicator that contributed to U.S. stock indexes dropping more than 2.5% on Wednesday. + +Trump also claimed “we are winning, big time” in his administration’s trade conflict with the world’s second largest economy. “China is not our problem,” but rather “our problem is with the Fed” and its interest rate policy, he said. +Hi! + +I have lurked here for a while and thought with some critical posts now that I should say how awesome this sub is. + +I'm still in school, and honestly I don't think that I will ever fatFIRE. Maybe FIRE, but not fat. The chances of that here in Sweden is quite low I think, and it seems to be much chance overall. + +The thing is though, that I still follow this subreddit a lot more closely than r/financialindependence. It's a much nicer place, not as much political discussion and most of all, I feel like you guys and gals posting are nicer people. + +Just wanted to thank everyone for the content and all the things I have learned over the past years I've been subbed here. + +Stay safe! +*I'm not selling anything* and I'm not sure if this post will be approved, but just out of curiosity, how many have paid to learn to trade? + +I'm pretty new to trading but have known about it for a few years due to family members trading. I've only been into it a couple of months but I've not spent a penny on courses or anything (apart from obviously using my money in the live account to trade with). + +I feel like once you have the basics, a lot of it is just trial and error and figuring it out as you go along, and not spending hundreds of £/$s on courses for someone to tell you what you can basically learn for free online. +Hi all. +Finally my home is paid off. Valued at $600k and paid off in 12 years and now not sure on some next steps. +Looking at where to put about 4K per month now I’m not putting that on my home. I Currently have a small investment property paying $330 per week. This is just covering the monthly interest in that loan, plus a little more on the principle. +I’m tossing up if the additional 4K per month should go on the investment loan or not. I have a feeling that investing into some high dividend shares/etf would be a better way to go. +Any ideas I would greatly appreciate. +Wow. I just did a post asking if I had lost 20$ on a small transaction... 30 seconds later I got a message offering help and saying I could "re-validate the transaction with the idapps interface". Quick google showed scam but I let him go on. Sent me a link and instructions that I should link my wallet inserting the seed phrase. A minute later another, then another, than another. There were 3 when I began writing and now there are 5. Some say I have to input my phrase to get a QR code or even a "bar code"! I'm missing 20 bucks here, guys. I can imagine what happens to people who announce problems with bigger amounts... + +A word of advice: If someone has something good to say, they will do it in the open, using the comments. Don't trust people who are trying to help you on the side. Not here. + +Should I edit and add their usernames on this post or is it against the community rules? + +Edit: I have reported all of them. Unfortunately reddit doesn't have a "scam" option to report and the closest one i found was "impersonation". Now reddit just answered all of them saying "the content doesn't violate reddit's content policy". hmmm +Any thoughts on the upcoming lockout of CP rail? I have a bit of investment in CP, should I take it out today and wait to see what happens? What is everyone else doing? + + Thanks, +You know what’s crazy… + +According to Pokémon.com, Blastoise is 5’3 and weighs 188 lbs. + +Tell me why tf I always thought that Blastoise was 8 feet tall, 500 lbs, and slung a bbc lmao. + +Anyway, whether he’s 5 foot tall or 8, the fact of the matter is everyone loves Blastoise. + +And it just so happens that the Blastoise token ($BLAST) just launched! + +My suggestion is to ape in now and come back later to read the facts. + +Every second you waste is **like taking an axe to your potentially big gains**. + +But for those who need more convincing, here’s why you should ape in: + +&#x200B; + +First off, yes your funds are safe. Here's proof of locked liquidity: [https://team.finance/view-coin/0xDcD48D12b73C43249Ac2ceA37eEd1C544eEc8268](https://team.finance/view-coin/0xDcD48D12b73C43249Ac2ceA37eEd1C544eEc8268) + +&#x200B; + +**The Marketing:** + +I talked to the dev and he said his team has their marketing plan already figured out! + +How many times have you seen a coin launch and the dev expects the holders to do all the marketing?! + +Or they’ll say that marketing will begin “soon” and they give some BS excuse as to why they can’t start it now (they mostly never do, btw). + +With $Blast, they already have **a plan right out of the gate**, giving this a massive advantage over all other meme coins. + +Instagram influencers, Twitter influencers, partnerships with owners of large telegram groups, partnerships with other meme coins, etc. + +This is one of the most PREPARED meme coin teams I’ve seen. The team also has a background in marketing so they know a thing or two about **branding, creating a community, and creating hype**… + +&#x200B; + +**The Effort:** + +One of the reasons I’m most confident in this token is the amount of effort put into it. + +Go look at their website, the graphics they’ve made, the gifs they’ve made…it’s INSANE. + +The bar is pretty low in the meme coin world. No, actually there is no bar. + +So when I see a coin like this that has a super well-rounded team, a pristine website, tons of marketing material, and thought put behind it, it shows that this IS NOT a pump and dump…that’s why I’m so bullish on the $BLAST token. + +&#x200B; + +**Token Distribution:** + +Token distribution looks amazing and there aren’t any huge whales that could send the price plummeting. + +&#x200B; + +**Other things yet to come:** + +\- Tokencontract audit + +\- Listing on CoinGecko, CMC, and Blockfolio + +\- An NFT related project + +\- Partnerships (look out for these!) + +\- A HODL incentive – they’re gonna be giving people a reason to hold, which is huge since most meme coins are missing this vital KEY! + +&#x200B; + +&#x200B; + +**Tokenomics:** + +\- 10 billion token supply (only 5 Billion circulating) + +\- 50% initial burn (25% of that was sent to Vitalik) + +\- 2.5% burn on every transaction + +\- 2.5% distribution to holders on every transaction + +&#x200B; + +&#x200B; + +And yes, this token is on eth. But here’s why that’s a good thing… + +Plain and simple, people on the eth side hold longer. + +You see… + +People on the eth side tend to hold longer because their gains need to be worthwhile in order for them to pay the gas fees required to pull out. + +People will hold for much longer because they need to get a 2x…a 3x or more for it to be worth it. + +And this is a good thing for you and everyone else. + +People holding longer means you get **BIGGER and more SUSTAINABLE gains**. + +Pound for pound, the eth side creates way more 100x coins than the bsc side. So don’t let this discourage you. + +So what are you waiting for?! Get in now. Trust me, you’ll probably end up FOMO’ing in eventually so you might as well get in now and get more tokens for your money. + +Save yourself the regret, anon. + +&#x200B; + +&#x200B; + +Site: [http://www.blasttoken.com/](http://www.blasttoken.com/) + +Etherscan: [https://etherscan.io/token/0xdcd48d12b73c43249ac2cea37eed1c544eec8268](https://etherscan.io/token/0xdcd48d12b73c43249ac2cea37eed1c544eec8268) + +Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0x716cb02637f316bf9c206e6ba3ed447afbd94f6f](https://www.dextools.io/app/uniswap/pair-explorer/0x716cb02637f316bf9c206e6ba3ed447afbd94f6f) +Male in early 20s. My job has pretty long hours so I'd like to cherish most of my semi-dead mornings plus spend lunchtime eating out with buddies. I already do meal preps for most dinners and whip up a quick breakfast so I'm not going full slob mode. + +If lunch runs $150 a month and I'd otherwise spend $50 in materials for inferior food, at what income would you guys say the ~$1,200 a year extra expense is more of a self -treat instead of lazy overspending? +I guess this is a reminder to retire to something, not from something. + +In the year leading up to my "retirement", I put together a list of projects a mile long. Things I really wanted to do. Things I had the skills to do (or needed to improve, but only on the edges of my capacity). Things I wanted to learn from scratch. Routine things like regular exercise that I wanted to improve. + +A year later, I've completed none of it. I'm not really sure what happens to most of my days. The first few months were great, I spent my time reading and drinking coffee, telling myself it was the "decompression period." Somewhere in there I have fallen in to a sort of depression: some combination of the lack of structure, the loose timelines on everything and the reduced pressure is going to take some serious learning to get over. My health feels worse than ever (though there was a period near the beginning where it was clearly best ever), but this is probably just my poor mental state. + +Here are some challenges I've got from not managing my mental state well. I expect these could be similar among many people who fit in my demographic -- high energy/career successful professionals. + +- Totally irrational fears: it turns out that with nothing urgent to deal with or worry about, I manage to create things to worry about. They're usually obviously unrealistic/low probability. +- Difficult to motivate any particular project: I have so many projects, but none that I'm sitting around a table with colleagues agreeing are the priority. With no one to disappoint, it has been difficult to motivate working on any particular one. This is particularly interesting because I would have described myself as intrinsically motivated, prior to this experience. +- Yo-yoing behavior. An extension of not being able to motivate any particular project is this level of ADD-style project selection. Start one, move on to a different one, go back, over and over again. I've made nearly no measurable progress on anything due to a lack of focus. + +I'm not really looking for advice (though, if you have it, that's cool). I just felt my story might resonate with some. + +Here's a cool observation: I retired at 120% of my (pretty lean) FI budget (just over 3.5%). I worked with a pretty lean number, because I always knew I was going to go back to work, do more small business activity, consult or something eventually. I'm now, about a year later, at 145% (my withdrawal rate is expected to be less than 3% now). A combination of unexpected income early in the process, unexpected values like my banked vacation time and tax return and a very small amount of small business stuff I have continued doing, combined with great market returns added up to be a straightforward numerical success. +They are a miserable company which gets away with capitalizing on Capital One's colors, name, and card layout with various predatory schemes. + +I've had the card for probably 15 years. It was one of the first unsecured credit cards I got because it had a low credit score threshold. Paired with regular credit increases, it's an attractive looking option for this with bad credit. They problem is, especially for those with bad credit and a lack of financial savvy, membership exposes you to a variety of predatory practice designed to get you to pay additional fees. + +\- They do not let you make automatically scheduled payments. + +\- Unlike my other credit cards, where any member fee is a one-time fee, Credit One splits it across twelve payments. This way, even if the card is paid off, you have to continue checking in to make payments. + +\- They repeatedly try to trick you with an "Express Payment" option when you make a payment. This service costs $7.95. I guess the perk of it is that it gives you instant access to your money. But you have to pay for this privilege instead of waiting 24 hours. + +\- Canceling the card is made virtually impossible. The number you call for cancellation is clearly the one that gets the longest hold times and the most difficult to reach. Once you do reach them, they try to offer you perks or bonuses to stick with them. If you refuse, they then need to escalate the cancelation to a manger. I've twice now had to give up waiting on hold for the manager to come and cancel my account. +As the title states I'm starting in the mines soon, I'm 20 and will be making approx 3750 gross 2500 net. I have no clue what to do with the money once I start working, I'm thinking of trying to save $1500-$2000 a week but not sure what my goals should idealitstically be besides purchasing a home. Like if I saved 1500 a week for 5 years I could buy a "cheap" home in cash. Or maybe I should just get a mortgage after saving for a year and invest my other cash into Vanguard ETFs. My goal is to build enough assets to be able to eventually have enough passive income as soon as possible as I dislike working but I'm willing to work hard for x amount of time to try and "get ahead" a little. I'm SIA if I sound a bit clueless and if this is unrealistic expecting to be able to achieve it with just ETFs and real estate +I've been curating some of the most upvoted asx\_bets due diligence/ stock analysis posts typically 1-2 times each week for the past 6 months. The following is what I've found from 6 months of doing this (and calculating returns from the post to today's date). + +**Methodology** + +* 77 Reddit posts were [curated](https://thehypetrain.substack.com/p/hype-train-50-reddit-research-or) including some bullish and some bearish (probably more bullish but sentiment hasn't been taken into consideration) +* All posts were amongst the most upvoted due diligence/ stock research posts on Reddit (r/asx\_bets) within the week they were posted +* Performance is calculated as performance from day posted on Reddit to today’s date (29/4/21) + + +**Number of upvotes vs. stock performance** + +* There doesn’t seem to be a meaningful correlation between number of Reddit post upvotes and stock returns as shown below: + +https://preview.redd.it/2jmqfrrv64w61.png?width=406&format=png&auto=webp&s=87f135dbfe3873b77a173e726445cd122cf90cbe + +**Date of posting vs. performance** + +* Returns seem to become more extreme as time goes on from the post date +* No periods of high success posts identified + + +https://preview.redd.it/3wshfruz64w61.png?width=415&format=png&auto=webp&s=1b04d8ca070e55b880b530385061cc067257be1a + +**Highest returning stock due diligence/ research posts to date** + +* 🥇 [DW8 and why you should own it](https://www.reddit.com/r/ASX_Bets/comments/lk4r65/dw8_and_why_you_should_own_it/) (u/shadowpheonix2) **+ 133%** +* 🥈 [DOU - Douugh DD](https://www.reddit.com/r/ASX_Bets/comments/j5yx5l/dou_douugh_dd/) (u/itsdankreddit) **+ 129%** +* 🥉 [ASX:IHL Incannex Healthcare Biotech/Medicinal Cannabis](https://www.reddit.com/r/ASX_Bets/comments/jz5jm8/asxihl_incannex_healthcare_biotechmedicinal/) (u/Exalted\_HC) + **123%** +* [FLN DD](https://www.reddit.com/r/ASX_Bets/comments/k7po95/fln_dd_now_we_can_start_paying_others_in_3rd/) (u/ramzataztaz) **+ 92%** +* [RLT DD](https://www.reddit.com/r/ASX_Bets/comments/kz366s/rlt_dd/) (u/potato\_monster1998) **+ 66%** + + +**Lowest returning due diligence to date** + +* 😢 [Emerge Gaming (ASX:EM1) - A Final Word](https://www.reddit.com/r/ASX_Bets/comments/k9k7mh/emerge_gaming_asxem1_a_final_word/) (u/neke86) **-64%** (actually had a relatively bearish sentiment) + + +**TLDR:** Given the variability of returns we see above, r/asx_bets really does seem like the ASX casino. Further analysis should investigate (1) sentiment of posts and (2) quality of the post vs. return. + +Hats off to u/shadowpheonix2, u/itsdankreddit, u/Exalted_HC and u/ramzataztaz for your performance. Also pretty solid DD it turns out from u/neke86. + +Obviously there's many limitations with this analysis... however it's cool to see how some of these DD posts have actually performed since being posted. +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, last week was very special, and the weekend capped it off well. We saw rising RRP (ahead of schedule), low volume, repeated price attacks leading into an upward breakout, and some desperate attempts to rewrite the front page results when Googling Ken Griffin. + +It's becoming more clear that Apes DRSing shares has pushed us right up to the brink of the MOASS, and any among several triggers will ignite it. Evergrande's collapse, a GameStop/Loopring announcement, or even the scarcity of legitimate shares could push this into high gear. Nobody knows exactly when, but the DD leaves no doubt that there will be a short squeeze of epic proportions. + +Remember the part you've played in this, and steel your resolve to maintain your role through the MOASS. Do not sell any shares 'just to cover your initial investment'. Do not sell when MarketWatch says it is over. Do not sell when Jim Cramer weeps and pleads for just one shareholder to paperhand. + +Sell a share when it alone is generational wealth for you. Sell another when you're ready to fund decades of free school lunches in your city. Sell your third when it means you'll never need to sell your fourth. *That* will be the MOASS. + +Today is Monday, November 22nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$232.04 / 205,88 €** *(volume: 4028)* +- 🟥 115 minutes in: $232.18 / 206,00 € *(volume: 3961)* +- ⬜ 110 minutes in: $232.24 / 206,05 € *(volume: 3846)* +- 🟥 105 minutes in: $232.24 / 206,05 € *(volume: 3762)* +- 🟩 100 minutes in: $232.35 / 206,15 € *(volume: 3749)* +- 🟩 95 minutes in: $232.30 / 206,10 € *(volume: 3620)* +- 🟥 90 minutes in: $232.21 / 206,02 € *(volume: 3311)* +- 🟩 85 minutes in: $232.38 / 206,18 € *(volume: 3202)* +- 🟩 80 minutes in: $232.21 / 206,02 € *(volume: 3162)* +- 🟩 75 minutes in: $232.15 / 205,97 € *(volume: 3130)* +- ⬜ 70 minutes in: $232.13 / 205,95 € *(volume: 3092)* +- 🟥 65 minutes in: $232.13 / 205,95 € *(volume: 2852)* +- ⬜ 60 minutes in: $232.72 / 206,48 € *(volume: 2476)* +- 🟩 55 minutes in: $232.72 / 206,48 € *(volume: 2399)* +- 🟥 50 minutes in: $232.18 / 206,00 € *(volume: 2253)* +- 🟩 45 minutes in: $232.72 / 206,48 € *(volume: 2200)* +- ⬜ 40 minutes in: $232.18 / 206,00 € *(volume: 1876)* +- 🟩 35 minutes in: $232.18 / 206,00 € *(volume: 1844)* +- ⬜ 30 minutes in: $232.13 / 205,95 € *(volume: 1490)* +- 🟩 25 minutes in: $232.13 / 205,95 € *(volume: 1480)* +- 🟩 20 minutes in: $231.06 / 205,00 € *(volume: 1156)* +- 🟥 15 minutes in: $229.98 / 204,05 € *(volume: 1086)* +- 🟩 10 minutes in: $231.28 / 205,20 € *(volume: 988)* +- ⬜ 5 minutes in: $228.18 / 202,45 € *(volume: 418)* +- 🟥 0 minutes in: $228.18 / 202,45 € *(volume: 216)* +- 🟩 US close price: $228.80 / 203,00 € *($229.00 / 203,18 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1271. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I wonder what platform people use for their algo trading +(Basically back testing, data collecting, and live trading) + +I am a programmer, so coding is not a problem. +I tried to implement all system on my own (have a database server to collect and store tick data, implement back testing infra using my database, and live trading) +However, it seems like too much of a work + +I have also used quantconnect. It's good, but backtesting is too slow. I think the reason is basically that backtesting works same as live trading by fetching data sequentially, filter it, and trade. +However, I think I can improve speed a looot becase I know what kinds of strategy i would use and apply these assumptions to the system + +From ur experience, what do you think is the best infrastructure for algo trading? + +Stick to framework such as Quantconnect? +Or implement own infra? If so, what are good packages or libraries that I can use? + +Fyi, i am targetting both cryptocurrencies and stocks ( and also options?). +I got the push notification from Paypal and then a minute later, an email from the guy who supposedly sent it saying he sent it to the wrong person and asking me to refund. I haven't moved the money at all, didn't even open the Paypal app. I just want to confirm this is a potential scam before I do anything. + +&#x200B; + +Edit: Went to open a help ticket and PayPal is already reviewing it. +I've been day trading the US equities market since \~early 2017. You want an education in day trading? Put in the god damn screen time and trade. If you're new, go small size. How does your stock move and react to support and resistance? What does the tape do at these levels? Is the stock having an easier time going up or down? What's the MM agenda here? Who's trapped, longs or shorts? + +If you're not a micro-scalper like me then some of these questions might not be too important (aka tape reading). But if you want to profit off short-term volatility at the market open, please don't be trading off your phone on RH and get a real trading platform like DAS Pro, Lightspeed or Sterling. Something that has a real live Level 2. Then download screen recording software like OBS and record your own trading sessions. Review these sessions every night so you can see how you trade and how the Level 2 and tape moves on certain stocks. You will get better at this. It's hard but in my opinion it's the best god damn "job" in the world. Why? Because three years later of doing this every day and I still look forward to waking up on Mondays and I sure as hell didn't at my day job. + +If you're in the market with a lottery mindset, where you just want to make a million dollars in a short time frame and then never touch the stock market again, I'm sorry but day trading isn't for you and you're probably not gonna make it. When you have that mindset, you don't manage risk properly and size into the wrong trades too much. Always live to trade another day. Don't get me wrong, you have to lose some money to learn, pain is a great teacher, but I don't trade because I think I'm going to be a millionaire next month or even next year. I'm in this for the long haul, slow and steady wins the race and I'm fine with base hits. Consistent $200 - $500 days still beats the pathetic thing they called a salary back at my day job. + +Long weekends are the worst, but at least they give you some time to study up. Trade well this upcoming week traders! +Hello everyone, i am new to investing , i have saved 20k and i want to invest in dividends but only in canadian banks. +Should i buy individual stocks or an etf? If individual which ones should be on my list. +I originally got a SFH house hack loan through through Fairway Mortgage company (a mortgage house) about a year ago. Since then, my property has appreciated substantially. + +I have a friend who bought their home around the same time, who was able to remove PMI simply through appreciation. I’m very interested in this. + +My lender has since sold the mortgage, and is now a typical Freddie Mac Loan. Has anyone had experience with this? What’s the best approach to getting a reappraisal to remove PMI in this situation? + +Please, ask questions if you need more info. + +EDIT: I’ve contacted my loan servicer and they provided me with the PMI documents. I am allowed to use Current value as equity, but I MUST MAKE PAYMENTS FOR TWO YEARS before I can remove PMI. + +Here’s to hoping prices keep going up in Boise! +Curious to hear from the community on this. I am concerned that there are people doing Airbnb arbitrage (rent long term then rent on Airbnb) and investors in short term rentals that are feeling serious pain. How long can you all last with no rental income and what are you planning next? +So, happy new year to all. I spent the last two years getting off and on sober with a track record of six months off meth. During my meth spree, I ruined my credit all out, made a black mark in cheqsystems or whatever it’s called. I have a 509, no car(transmission just gave out) and I live at an extended stay hotel for the next six months paid due to my disabled wife’s help. I’m ready to take full accountability and full responsibility for my life and get my shit in order but I have no idea where to start. Any advice? +Howdy y'all, + +I'm a 19 year old college student looking for some advice. I currently have a portfolio of about $1,300 on Robinhood. I'm focusing on dividend-paying stocks, and currently hold shares of + +T (7.92% of my portfolio), KO (16.05%), AAPL (14.94%), XLE (12.13%), XLF (2.16%), ET (5.71%), FFIC (16.28%) + +O (2.95%), & STAG (6.66%) + +I also have a few others just to capture some growth, but those aren't important for this. + +I know that there is nothing particularly spectacular about monthly dividend payers compared to quarterly, but I'd still like to increase my monthly dividend income. I think that if I buy into another REIT, 1 etf, and maybe get into some municipal bonds I'll be happy. + +Current REITs +O Realty & Stag. I own a very small amount of O Realty, but I definitely plan on adding more through dollar cost averaging over the next few months (that'll have to be my strategy, I'm a college student with a part time job, I wouldn't be able to dump a large amount in lol). + +I just bought into STAG and will receive my first dividend from them this month. I really like both of these, and plan on holding them forever and building up a large position. When it comes to my third REIT, I have no idea where to go. A lot of people I've talked with are pumped up about WP Carey, but I'm not 100% sure (someone change my mind?) and I think I missed out on the massive spike SPG saw this month, so I'm not sure I want to buy in now, and I'm not sure I'd want to buy in period. Does anyone have a REIT that they are super confident in? Any feedback is greatly appreciated. + +Monthly Dividend ETF +Alright, you guys already know what I'm about to say. SPHD. I've seen some hate towards SPHD from this crowd, but I think I like it. Anyone have a different Dividend ETF they like? Preferably it's a monthly payer, but I'd be fine with something else as long as there is a solid upside. + +Now, I've looked at MHI and I love it. Monthly dividend payer that yields 4.63%. Income tax FREE, baby. What do y'all think about me purchasing about 1-3 shares of MHI every paycheck (so anywhere from 2-6 per month) of MHI to slowly but surely increase my position size and increase my monthly dividend income? + +If you read through this, I appreciate it. If you respond, I appreciate it even more. I hope everyone is having a blessed day and that you're staying safe and healthy. +From article: Vaccine Candidate TNX-1800 Protected Both Upper and Lower Airways After Challenge with SARS-CoV-2, Suggesting an Ability to Block Forward Transmission + +ABILITY TO BLOCK FORWARD TRANSMISSION! That’s huge! + +Article: https://finance.yahoo.com/news/tonix-pharmaceuticals-reports-positive-covid-110000971.html +https://www.marketwatch.com/story/hedge-fund-tiger-global-loses-17-billion-due-to-tech-stock-rout-11652189689 + +>The hedge fund Tiger Global has lost roughly two-thirds of the cumulative gains it has made for investors since its inception in 2001, according to data from an investor that tracks the industry. + +>LCH Investments estimates Tiger Global has lost about $17 billion this year. Heading into the year, Tiger Global had made net gains of $25 billion, according to LCH, which operates a fund of hedge funds and tracks the top 20 hedge fund managers annually. + +>Tiger Global lost $1.5 billion last year. +Sup y'all! +After hours of stumbling through the jungle of what crypto has become in 2021 with all the memecoins, I've come back from the depths of uniswap and found a giant in the making. This solves an easy way to get rid of wallet trackers, remain truly anonymous on the public blockchain and more. +(now that the degens havent clicked on this post because of the title: this is actually a **100x** or more moonshot) + +# So what is EBOX? + +ETHBOX provides a unique solution to a problem in cryptocurrency trading that is as devastating as it is widespread[,](https://miro.medium.com/max/2998/1*VAjqowflCeKDQgHrBKeuzg.jpeg) Accidentally sending funds to a mistyped or mistaken recipient address has already been the cause for hundreds of millions, if not billions, of financial damage. EBOX has the solution. +Using the unbreakable safety of the Ethereum blockchain, ethbox provides a smart-contract-based digital escrow service to completely alleviate any risk of loss while sending cryptocurrency. + +That's a cool idea that will help many newcomers on crypto but as people get more familiar with crypto this problem fades away, and then a new problem arises. Anonymity. + +**That is why I actually like this one.** + +Sending funds through ethbox disrupts the chain of transparently traceable blockchain transactions. This means you can do a great lot of things with it that mostly only benefit you, the user of ethbox. + +What I like about it has to be the easy way to anonymously change wallets. This is a big deal for me as I am careful about being tracked on the ethereum blockchain, as that can fuck you up.  + +**For me that process used to be:**  + +>Let’s go to **binance**! *(ugh... depositing money on a centralized market)*Exchange **to BTC,** change it **back to ETH** to get a new withdrawal address *(So the address that sends you the ETH will be a new one)* for me to then create a **new wallet** on Metamask and send it **through there. Tedious.** + +And let us not forget about the plain privacy of just receiving money from someone on the internet and sending the ethbox address for you to then withdraw it from there. Your own personal escrow service. + +For situations where discretion is required, users have the option of wrapping ethbox transactions with an additional layer of privacy, for a small increase in the service fee. + +**It's very easy to use:** + +* Navigate to their UI +* Type the amount you wish to send, the recipient, and a passphrase; +* Sign the transaction to deposit funds. +* Give your recipient the passphrase. +* The recipient goes to the UI and gets the funds. + +This is already damn cool, but there's another cool feature that is called **Over the Counter trading, and it's a p2p conditional exchange of tokens** in which one party setup the condition and the exchange take place once conditions are met. + +There's also a **privacy feature which is being developed** at the moment which enables a **mixer** so that your funds come out clean and untraceable to the recipient side. It used to be a deep-web-only thing for a long time. + + Test it out: https://ethbox.org/testnet/ + +Token Utility + +* **EBOX is a deflationary token -** guaranteed by buying back and burning part of the generated fee. +* **Staking -** generates passive income for EBOX holders for 4 years following token generation. +* **Regular payout** of profit share to EBOX token holders +* **Governance** gives voting rights for upcoming project-related decisions decisions and enables EBOX holders to actively participate in the development of ethbox. + +All of this means that there will be a lot of demand for this token, and apart from profit takers, no real sell pressure.  + +**Additional information.** + +[**Buy on Uniswap**](https://app.uniswap.org/#/swap?inputCurrency=0x33840024177a7daca3468912363bed8b425015c5&outputCurrency=ETH) + +[Website](http://www.ethbox.org) | [Twitter](https://twitter.com/ethbox_official?s=20) | [Instagram](https://www.instagram.com/ethbox_official) | [Facebook](https://www.facebook.com/Ethbox-163318048851696) | [Medium](https://ethbox.medium.com) | [GitHub](https://github.com/ethbox-official) + +**Price**: $0.70 + +**Contract:** 0x33840024177a7daca3468912363bed8b425015c5 (always verify) + +**Token supply:** 65 Million + +**Market cap:** 4 Million + +**Hodlers:** 1100 +https://www.livemint.com/industry/telecom/-2-for-16-gb-data-not-sustainable-sunil-mittal-hints-at-mobile-services-rate-hike-11598284214784.html + +Thoughts? +At some point in retirement it's possible you'll require 24 hour in house health aide assistance ($25/hr...$200,000/yr) or placement in an assisted living facility ($10,000/mo in NJ) How is everyone prepared for this? +Wholesalers asking 980k for a portfolio of 7 properties, 15 total doors. Mix of single units, duplexes and a triplex. Seller is open to 20% seller finance, but who can I go to for the other 80% and does any hard/private money lender allow this kinda thing? I wouldn’t be occupying any of the units and I’d also be living out of state. Looking to put it in an LLC and get good property management. + +I do have a rental that has about 200k of equity that I’d be willing to 1031 exchange it. Could I do that with private/hard money loans? Any ideas? +November 23, 2021. I really do believe *it* will start tomorrow, as in we breach $300 and then FOMO will pile on Wednesday then we all tell our families about GME when they inevitably ask ''so how's that Gamestop doing, I heard it's up.'' on Thanksgiving. Just typing this down for any internet historians that stumble upon this in 15 years! Let it be known that the MOASS ''officially'' starts tomorrow!! +I have never had a job where a 401k is offered but I max out my Roth IRA and HSA. + +Is the only way to get a 401k is through a job that offers it? This seems like such an unfair concept. + +I would like to put more money into tax advantage accounts but Roth and hsa are all I can do. +Hello World, + +So yesterday I posted [this DD.](https://www.reddit.com/r/Superstonk/comments/rabv96/the_orangutan_papers_citadels_equity_handling/) In it I covered a deep look at a document Citadel provides to broker dealers around how it handles all the orders it gets from broker dealers. + +I'll be honest, it didn't land the way I thought it was going to, that's on me though. The content is fine, the content is important. The problem was my presentation on the content and the document. So this is 2.0, most of it is unchanged but I'm trying to address yesterday's criticisms. + +**Addressed points** + +**1. How I got the document.** + +I got it, I'm not posting the PDF for reasons, if mods wish to DM on this I will provide further explanation. + +Instead, I will provide you either with [Screenshots of the document, hosted on imgur](https://imgur.com/a/PLk24Wj) or [my YouTube video, with just the document.](https://www.youtube.com/watch?v=9ybToFl1dIw&t=3s) (EDIT- Video got removed) + +**2. TL;DR** + +This document shows, that Citadel can class the vast majority of orders given to them as "not-held" (opposed to held), not held-orders lose a whole wrath of protections and benefits that held orders get. + +Citadel also uses this document to provide the framework to do pretty much unilaterally what they want. + +This document also provides further evidence that Buy, DSR and hold is the best way to defeat this long term. Shorter term direct buying, and making sure your buying means your order is classed as a held order is the best. + +All derivates (such as options) are classed as not held, but it seems that they are still important in the long term fight (but buying and holding the actual shares is more important, but the two exist in a relationship). + +**3. What I want to show from this DD.** + +It's not just us, but broker dealers that are getting fucked. But due to the laws of gravity this means broker dealers are fucking us harder than citadel fucks them. + +I also want more wrinkle brains than just me to have eyes on this. + +**4. Dilution of posting.** + +I posted it lots of places, here, twitter, Kengriffinlies dot com, my own YouTube. + +This time around you will only find it here, and [the original version of my YouTube video](https://www.youtube.com/watch?v=Imsygsz6sCE&t=1s). + +My reason for dilution was I wanted as many people to see it as possible, I will retain back up versions, as I fully and sincerely believe that if this gets the attention it deserves that there will be efforts to get it removed. + +**Original DD Repeated.** + +The rest of the DD below, is yesterday's DD repeated. Which is a deep dive looking into every page of the DD. + +Enjoy. + +=================================================================================== + +**Things to be wary of while reading.** + +1. This is dated Feb 2019. A full 34 months ago. That is a long time for some policy documents, at the same time my work has some policy documents from the 70s. It should be taken with a grain of salt. +2. This could be a very carefully crafted document (22 pages long) to fuck with apes, and is a total fake. +3. My interpretation of this document may be wrong, this is also why I provided the link to the document so other apes can pour over it and find stuff I missed, or correct things I got wrong. + +That being said, I've done what due diligence I can on this. + +And on the balance of probability this look like the genuine article. + +**Stand out sections.** + +*There is a lot, so I've put the ones I think to be worth extra attention in italics, like I've done here.* + +**By page breakdown.** + +Let's go over every page in detail. + +**Pg1.** + +Citadel states here what they are, and the two sides two their business. That they place orders as a market maker for their clients as well as the fact that they also trade for their own profits. Most importantly they CLEARLY state they may trade in tickers that they both trade as a market maker and as a non-market maker (aka hedgefund). + +They also begin to explain their duty of best execution, which continues onto pg2. + +**Pg2.** + +They speak about how best execution is a multi-faceted consideration. + +>i.e a market may show a better price, but have a lot less shares available. + +But the take away I have is they go onto say, the people that review whether they have met the requirement of providing "best execution" meet on a quarterly basis, and comprise entirely of people employed by Citadel, including Senior management. There isn't a mention of a single person from the SEC, FINRA, FINTEL, DTCC or NSCC (even though these org are blended as it is). + +Meaning Citadel decides if Citadel is giving best execution or not... nice that. + +We then briefly mention that Citadel's duty to give best price execution is to the clients (The broker dealers) and not to the client's customers (us, retail, apes). Totally flying in all the shitty PR statements Citadel has tried to spin. + +>I can see the spin already tho, they provide best execution to clients, who provide it to us. If that happens don't let the fact they clearly state here who they consider their obligations to be to. + +We then go onto discuss Automated & Manual order receipts (This continues onto Pg3). + +**Pg3.** + +Citadel talk about how it's SOLEY up to them if an order is automated or manually processed. They also talk about the fact they can trade during extended hours (Pre-market/After hours). + +They then go on to talk about how Citadel reverses Sole discretion to cancel or reject any client order and that they have no further obligations to an order once cancelled/rejected. + +They also mention that they can choose to ignore a cancellation order if they have already gathered part or all of the equities to fill the order. Again at their sole discretion. + +We then go onto Order Handling, this section lasts until PG 14. As such I'll be breaking it down by subsection. + +Within order handling they first discuss order routing. Citadel states for non-directed orders that they can basically filtered it partially or wholly where they like, including to Citadel Connect. + +>So where possible, direct your order to a lit-exchange such as IEX. + +Citadel picks how it does this via it's "heat map" technology (NFD), which uses order flow (Another reason to dislike PFOF) they finish off by stating it's up to Citadel how much information on the client order goes to the market centers. + +**Pg4.** + +Order Types- Citadel defines held and not held orders.(Held orders need to be filled immediately, not-held can be delayed as to try and get a better price.) + +*The requirements to be classed as not-held appear to be so vague to Citadel that near enough every order could be classed as not held. This isn't a good thing, as we discuss in detail through the entire DD.* + +**Pg5.** + +We continue with more about order type. Something (which might burst people's bubble) that stands out is that not-held orders include certain categories. One of these is Algorithmic trading. And the thing about not-held orders is there is no requirement, and therefore Citadel doesn't, display them. Which further means trying to divine information from the order book (at least as citadel is concerned) is largely pointless. + +>Doubly so as Citadel could easily choose what to display and what not to display in an order book to further mess with us. + +*But the next part really irks me, as it seems to fly totally in the face of the best execution statement.* + +*Citadel may trade ahead of not held orders, and buy/sell at the same, or indeed better price for it's own accounts and in doing so doesn't even have to fill the not-held order.* + +We then go onto additional conditions in not-held orders in OTC equities (Stocks that don't meet the requirements to be listed on a main exchange, or derivates such as options). This continues onto pg6. + +**Pg6.** + +The OTC orders that have specific instructions (such as trading via VWAP) will be traded manually by a trader where the instruction is actionable, if not Citadel will go seek clarity on the order or reject the order. + +If there are no instructions on the OTC order than it will be determined as manual or automated depending on how big the order is, and how many shares are within that order (and the price of those shares). + +The final note on it, is that most OTC orders will be meet by "netting", more on this later. + +We then go onto algorithmic trading, which continues onto pg7. + +**Pg7.** + +A broker dealer may choose to place an order with Citadel using one of it's algorithmic strategies, in doing so Citadel treats it as a not-held order and has sole discretion on how to execute the order (but caveat they need to keep it in line with the chosen strategy). + +Citadel can also break the order up, into smaller child orders each with it's own strategy. + +This can include lit, dark or internalised venues. + +Then we cover pre-order handling. There is nothing overtly new here, Citadel reserves the right to not execute the order, pretty much same as the rest of their orders. + +**Pg8.** + +On close orders- It splits it into Market on Close (MoC) and Limit on Close (LoC), they are exactly what you'd expect but happen at close. + +*A big stand out is that Citadel may guarantee part or all of a MoC, if they do Citadel can hedge against that order (which in turn may effect the price) this is massive and may account for all those ridiculous 1 min to close/post close candles.* + +The language in the next paragraph seems to indicate that this is not limited to MoC and that LoC orders can also be hedged against. Though this isn't spelt out anywhere. + +**Pg9.** + +OTC stocks have the same requirements for MoC/LoC as listed. + +We then go onto IoC (immediate or Cancel) & FoK (Fill or Kill) orders. + +Both are at Citadel's discretisation to fill or cancel or reject. + +*And likewise, they are considered not-held, so everything that applies to not-held orders applies to these guys.* + +*AoN (All or None) orders are next. They make mention that these orders are not allowed on exchanges (which implies they must be dealt with by way of OTC), and as such present unique risk to them. As such they aren't considered not-held or held, but that Citadel's handling of these may effect their price execution.* + +**Pg10.** + +Day orders- Nothing contentious here, they state they may execute a few mins after close. + +>Again adding to the ridiculous minute before/after close candles. + +Good till Cancelled/Good till Date Orders- Again nothing overly contentious here, they don't display them overnight. Which seems to fly in the face of the earlier statement about not displaying Not-held orders at all (again showing us that trying to divine info from the order book may be largely pointless). + +Stop orders continues on to page 11. + +**Pg11.** + +Stop orders, nothing overly contentious other than the fact Citadel looks to bunch triggers into a bulk order, and prioritises speed over price improvement in a bid to compete with fast moving markets. + +They do state that Citadel may engage in trading that may trigger these orders. + +*My big take away from this, if citadel has enough knowledge of stop orders (or trailing stop orders) they can force a crash to take advantage of that. AKA CITADEL CAN SEE YOU STOP ORDERS SO DON'T PLACE STOP ORDERS. March 10th anyone?* + +Short sale marking and locate requirements, not the same as Citadel Short selling (and this document doesn't cover that) it states the onus is on clients to mark shares sell long, sell short, sell short exempt. This is a hand washing statement nothing more. + +**Pg12.** + +Risk management and market access control- This is the bit I've had to stop my self skipping ahead to read. + +Citadel reserves the right to delay any order it wishes to make sure it's correct, accurate and despite all this Citadel accepts no responsibility for client errors. This is so vague a statement that in theory Citadel could delay any order in the name of ensuring it's correct, even if that order was to be a massive benefit to retail and to the detriment of Citadel. + +Order protection, Finra rule 5320 and 5270. + +*5230, Citadel aren't allowed to trade a share for it's own account while they have a held order that would benefit more from that trade... shame for retail most orders can be classed as non-held.* + +5270, citadel aren't allowed trade in their own accounts on a security that they have non-public information about a block on... like say a block on the buy button. THIS LITERALLY SPELLS OUT A RULE THEY BROKE IN JAN 28TH. + +>This doesn't seem to be broken down by not-held and held orders. So it literally spells out a rule that was broken. + +We then move onto information barriers, Citadel claims their teams work in silos (that is to say isolated away from each other), so that the team that deals with it's own accounts doesn't have any information that the team dealing with client accounts has... shame we've all seen the videos and the relative open planning of the Citadel offices and know that they aren't even siloing on a physical level, never mind an informational one. It's not like WhatsApp, telegram, discord, <<Enter 100 other messaging services>> exists. + +*It goes to further define that "Not-Held" & "Institutional Orders" don't get the (limited) protection of 5230 (meaning citadel can trade ahead, if they trade the client order at all, for their own profit).* + +**Pg13.** + +*We then cover facilitation, hedging & pre-hedging, In short it states Citadel can trade ahead of knowledge of a block in a security if it is for one of these three purposes.* + +*The thing is hedging is such a broad term, as previously defined in this document and defined elsewhere, that it allows Citadel to unilaterally make trades to protect itself against black swan events in a way that pretty much no one else (other than other market makers presumably, such as Virtu) can.* + +>I am not advocating buying puts but if you had prior knowledge of the Jan 28th buy block, you could have bought a ton of puts (dirt cheap may I add), made a killing and have done so in the name of "hedging". It's actually sickening to me. + +We then cover something which may warrant further digging elsewhere, Retail Order Liquidity Programs, all Citadel state here is that Citadel won't treat an order as a retail order unless explicitly told to do so by a client (this also may be a way to provide themselves some cover if the program provides any additional protections or benefits to retail orders). + +>As I said, further digging into what this program is may be warranted but it's not covered in this DD, and after this DD I'm tapped out of anything other than my normal weekly/daily posts for a while unless I come across something like this again. + +Corporate actions, citadel will adjust open orders based upon those asked corporate actions. It's a small vague, but seems relatively harmless. + +*Order routing & conflict of interest. Citadel states that it gets kickbacks and fees to route order to certain markets and if the kickbacks are larger than fees they will receive payments from these markets. As such Citadel reserves the right to route to certain markets provided it keeps in line with the "best execution principles" (That one that is judged solely by people of Citadel... again nice that).* + +**Pg14.** + +*System failure and abnormal market conditions (Jan 28th and maybe this now), this is the last subsection of order handling section. And would you believe it, Citadel reserves the right to apply, cancel, partially apply or EVEN CHANGE client orders without prior notice during periods of system failure and abnormal market conditions.* + +>Meaning Citadel can, and will, pull out every dirty trick **WHEN (not if)** MOASS happens. + +We then go onto the Order execution section, again this lasts until page 18 and as such I'll be breaking it down by subsection also. + +Price improvement, this subsection states that Citadel can determine whether or not to improve a clients order for a better price at their sole discretion, even if price improvement is within the NBBO (National best bid offer) and one of the factors in making this decision is Citadel's own positions. + +**Pg15.** + +Customised execution strategies, Citadel allows clients to choose a metric if they so desire to prioritise in execution if they wish, this may result in worse results in other metrics. Standard handwashing statement. + +NBBO calculation (which is further broken down into even smaller subsections), as a whole Citadel relies on direct market feeds, then SIP feeds (Security information feeds). + +*For OTC trades it refers to the OTC NBBO bulletin board, and chooses the right to exclude any information from this bulletin board it deems unactionable. Which is important as remember non-held orders (which is most orders) can be put through as OTC trades, and the statement of what it deems to be unactionable is not further clarified and therefore suitably vague and full of leeway.* + +**Pg16.** + +*We then go onto Net trading, Citadel re-states that most not-held orders (which is most of them) is dealt with by netting, if at all. This is the MOST IMPORTANT PART OF THE WHOLE GOD DAMN DOCUMENT. as it spells out how Citadel gets paid as a market maker, they net by taking the opposite side of the trade elsewhere in the market at a better price, and then fill the trade at the other end. The difference/net is what Citadel takes as payment.* + +>*For example you ask to buy stock ABC at $10, your broker gives that order to citadel who sees someone is selling it for $9.95, as such they buy it, give it to your broker, who gives to you and Citadel NETS the $0.05 difference.* + +*They can only do this for not-held orders, which is most orders. (I know this is repeating my first sentence in this section, but it's important).* + +We then move onto trading halts, nothing contentious here. Citadel has to abide by them (nice to a see one of the rules apply universally for once). + +We then go onto erroneous trades, Citadel has certain conditions it has to adhere to due to the SEC, FINRA etc but citadel also reverse the right to cancel or alter order/trades that don't fall within SEC/Finra/SRO rules if citadel deems it erroneous (much like when your older sibling babysat you and decided to add extra rules that mum and dad didn't have). *Again nothing further is expanded on what Citadel would deem erroneous that SEC/FINRA/SRO don't.* + +**Pg17.** + +Deals with extended trading hours (pre-market/After Hours) Citadel states they will accept and trade client orders during these times but makes a warning on all the risks of trading during these times. + +What is implied though, reading between the lines, is that Citadel will also trade for it's own accounts during these times as well. + +**Pg18.** + +With Order execution done, we go onto another handwashing statement/section, regarding rules around OTC re-sale. Some OTC securities may not be re-sold, it is the client, not citadel's, responsibility to ensure that non-resalable OTC securities aren't traded. + +We then go onto another section with multiple subsections, Orders from Canadian internalised securities and foreign markets. + +*First subsection is Canadian internalised securities, when a stock is traded on both U.S and Canadian markets citadel will only accept it is it's an Immediate or Cancel (IoC), or Fill or Kill order (FoK). If you cast your mind back you'll remember these orders are considered not-held, and therefore lose all the protection of held orders.* + +**Pg19.** + +Orders in a foreign market is next, first thing that stands out is that Citadel have a portal where the OTC prices sit, including foreign, Citadel gives access to this portal to clients but clients are forbidden from passing it on (I'd jump at the chance to have a look). + +*Next is currency, all orders should be placed in USD and then Citadel makes extra money by marking up or down the exchange rate (presumably on top of their netting).* + +Citadel then lays out the ways they may fill the order, they give preference to internalising the order (i.e Citadel takes the opposite side and net trades it) but that they may use other methods, or a combination. + +**Pg20.** + +This page explains the previous pages netting/best execution etc. + +*One part they spell out is that an order will still be considered best executed even if there was price improvement available that wasn't taken, provided Citadel make profit.* + +*It then states what rule, FINRA 5320, that it needs to adhere to, so that it can be considered best execution, but remember two things one "the committee" that judges this is made up of citadel staff according to this document and two all foreign orders are dealt with by OTC and are therefore Non-held and therefore FINRA 5320 doesn't apply, makes me wonder why they brought it up at all.* + +**Pg21.** + +Use of client information is our next heading. Citadel states it may use the following information and how it's used, but that they don't need to tell their clients. + +They can also state they can change what information, and how the information is used without informing the client (unless required to by law or ruling). + +*First it breaks it down by client order information, Citadel can use past and present trading information on determining how to handle that order. Also citadel may use the info for their own purposes (both market making and for their own accounts).* + +IOI/RFQ (Indication of interest, Request for quotation) Citadel can use past client, or client customer information to determine whether to supply this info and at what price/ranges. + +Finally, and nice to see it spelled out at the end, citadel may share the information within Citadel or other Market Makers but on a time delayed basis when there should be an information barrier. *They don't state how time delayed though which is nice and vague (not that I believe there is any time delay given the setup of the office and other factors, but that's speculation)but for them a time delay may be 1 second, 1 minute,1 hour... who knows, not us or broker dealers it seems as it's not spelled out.* + +**Pg22.** + +Last two sections deal with who a citadel reports trades to for the purpose of reporting to the consolidated tape. Nothing contentious here. + +**Thoughts** + +>Hope you found that insightful, here's my socials ([Twitter](https://twitter.com/TheKiltedTrader) & [YouTube)](https://www.youtube.com/c/TheKiltedTrader), though I'll be taking a break for a while after this other than my normal daily/weekly posts. + +We always knew we were getting the raw end of the deal, but it seems that raw end of the deal extends to our broker dealers as well (and by laws of gravity, shit travels down so we likely are getting an even worse deal once our brokers add in their conditions as well). + +This document clearly lays out the unilateral, and frankly frightening level of powers and unaccountability Citadel seems to have. I would presume that extends to other market makers as well. + +But here is the thing, forearmed is forewarned. + +None of these conditions seem to apply to though if you make your order both directed to lit exchanges (there is mountain of DD on this) and make sure your order comes under the held category the issue seems to be in getting it to apply to that held category. + +So the next issue on top of that is making sure your shares are, well your shares, and registered in your name. + +As such you need to make sure you are DSRing you shares. + +The most important thing though is this, these are your shares. You sell them, when you decide. All the evidence points to shorts having not covered. + +Given the Earnings call this week, and the battering to the price we now, more than ever need to have diamond hands and show the citadel and market makers of the word one thing. + +WE ARE NOT LEAVING. +There was a great post on this subreddit yesterday, talking about Youtubers destroying beginners in the crypto space, and I couldn't agree more with that post. ([Link to that post](https://www.reddit.com/r/CryptoCurrency/comments/mc60c0/to_bitboy_crypto_and_related_youtube_clickbaiters/)) + +I get constant recommendations in my Youtube of this clickbaity fuckers, even though I have selected "Don't show anymore" on Youtube, but I guess it doesn't care. And lucky me...because Bitboy has released a video titled: "My $10 Million Crypto Portfolio REVEALED (Shocking Holdings)". + +First of all, there is nothing shocking in your holdings, besides the amount of coins that you have already accepted a sponsor of and didn't disclose it, which is illegal. + +And this got me thinking of some coins that he has proclaimed that have a "100x" potential, so I decided to watch the video, and see if he puts his money where is mouth is. (I only know where he puts his mouth in for those thumbnails) + +Well Lo and Behold...that must be one of the biggest self exposes I have seen in a while. + +He has SEVERAL videos titled something similar to: "BEST Low Cap Crypto Gem of 2021", and GUESS WHAT!! He doesn't hold 2/10 coins that he pumps in those videos. But he does hold 300k USD...hmmm, where has that come from? + +I know that one of his sponsored videos was about SOUL, where he named it the BEST LOW CAP GEM, and HE DOESN'T OWN IT. This is more than proof that he dumps soon after his video airs. + +Frontier...same thing...naming it the coin with the best potential he has seen, and it is only 0.4% of his portfolio??? Yeah right. See it for yourself if you are interested... + +Just wanted to leave this information here. THIS IS PROOF THAT WHOEVER LISTENS TO BITBOY CRYPTO IS BEING SCAMMED. And if he was investigated...oh boy...oh boy, he would certainly use that 😱😮 face quite a bit in jail. +I've seen a number of posts in the sub describing good ways to trade money for time, experiences, and opportunities. As net worth increases, it makes sense to outsource things you don't enjoy doing. + +What do you continue to do yourself that you could easily pay to outsource. What's your motivation? Do you think it'd change if you increased NW by 10x? + +&#x200B; + +* Washing / working on cars. I like a shiny and clean car, and it's fun to do a simple wash or a thorough detail. Don't have time to work on cars much, but still do basic oil changes as a way to connect with the hobby +* Cooking. Eating out is fun, and I'm not the best cook, but it's healthy and satisfying to put together a hot, home cooked meal +* Line drying laundry. It's good for the environment and a fun activity for young kids + +I'm at 5MM investable assets. I enjoy all of these things and I find them almost like meditation. It's like a brief break to turn off my brain and do something physical and in the present. I'd like to think that I'd still enjoy these things independent of my net worth. +I know this sub can be passionate about alt-coin projects. Please read and consider before commenting or downvoting. + +This is a response to [this post](https://www.reddit.com/r/CryptoCurrency/comments/vrcb1h/i_calculated_how_much_a_coin_would_be_worth_from/) that got a lot of attention recently. + +I get it. Alt-coins are enticing. But the above post is very dangerous. People who read the above post seem to erroneously assume that all of those alt coins will eventually come back to its ATH. Because crypto always comes back, right? This leads readers to conclude that they should put money in the alt-coin that has fallen the most percentage-wise for the highest gains when the ATH comes back. This is NOT analysis. This is a fun, fantastical thought experiment. None of this logic is based in reality, I'll do my best to explain. + +Let me start with this statement that should be the whole takeaway of this post: \***NO MAINSTREAM ALT-COIN HAS EVER ACHIEVED ATH AGAINST BITCOIN IN TWO CONSECUTIVE CYCLES.** (\*The only exception I know of is Dogecoin, and only because Elon pumped it. Hardly a sustainable model or basis for investment. So it'll be ignored for this post.) + +What this means is, every dollar you invest in crypto will be better going to Bitcoin than any other coin. I know a lot of people love their alt-coin projects that they are passionate about. I love crypto and want to see it succeed. But please look at the price history of alt-coins. They all fail against bitcoin in the long run. I'm not trying to crap on any alt-coin project you are passionate about, it very well *may* succeed and be the next bitcoin. All I'm saying is let's look at how well this bet has performed in the past. + +Pretty much every alt-coin price history looks something like this: + +https://preview.redd.it/2p967fpnija91.png?width=1890&format=png&auto=webp&s=02d96d6103f84cf9cae4abfb4670e91b8156fea1 + +Here's FTM. A decent project that was promoted by many. Such is the alt-coin life cycle. There's a price discovery in a bull run, temporary euphoria (this is where most of us buy in, near the ATH), and then death. Doesn't recover from that. Go look for yourself! Look up any alt-coin price history and it'll look pretty much like this. It would have been better to put that money in Bitcoin. + +But what if we just weather the bear market? Just like the above post in question, what if we buy more when it's low and get XXX% return when it hits the ATH again! It's a bigger return than even Bitcoin returning to its ATH! People I know did this same "what if it went back to ATH?" experiment back in 2019. We all put a decent amount of money into NANO, because we would 30x our money! Well, look what happened: + +https://preview.redd.it/7qcwew1pija91.png?width=1888&format=png&auto=webp&s=002daf610a4a3bfdb4112f4398111fdb7e795c8c + +Didn't get close to its ATH. It would have been better to put that money in Bitcoin. + +But what about coins where it DOES hit another ATH? Some coins will do that, here's ADA for example: + +https://preview.redd.it/e4k2odbqija91.png?width=1894&format=png&auto=webp&s=65ae3ba3c25bc1e76588c45f2a1cb4f533b45142 + +It shattered it's ATH! What a great one to hold! Actually, no. Look at it's price against Bitcoin: + +https://preview.redd.it/5by4lhuqija91.png?width=1880&format=png&auto=webp&s=dbebc656e9d64c18272326826a40649c294fc6db + +Even ADA, the "ETH-Killer" didn't reach another ATH against bitcoin. It would have been better to put that money in Bitcoin. + +And here's ETH: + +https://preview.redd.it/mb7hfvq8yja91.png?width=1874&format=png&auto=webp&s=e62eb3387c24a0b8ce83bff3bccce66ea46314d1 + +Yes, ETH, like some alt-coins, retouched it's USD ATH. But not against Bitcoin. + +For any dollar you put into a crypto that's NOT bitcoin, you are making one of the worst bets in history. Far worse than casino odds. You are literally betting for something to happen that has pretty much never happened before. Yet people still put money in alt-coins! Even the "smart money" does. A 2019 study by Deloitte found that a simple buy and hold strategy of bitcoin outperformed every single crypto hedge fund. Embarrassing. + +Another AWFUL bet is anything in the top 10! Every coin that entered the top 10 has lost value against BTC from then on. And when one leaves the top 10, it has never returned. (Again, except DOGE). If you own a coin in the top 10, or worse, continue owning it after it leaves the top 10, you are making one of the worst bets in history! It doesn't matter how passionate you are about the community, or how much you just know/believe that the coin will be the next big thing. History shows you are most definitely wrong in this bet. Should put the money in Bitcoin. + +One case for alt-coins that lots of people make is the bitcoin dominance chart. Guy from Coin bureau likes to point this one out a lot. According to him, it has been "dropping like a rock" since 2017: + +https://preview.redd.it/rw8wnptrija91.png?width=2714&format=png&auto=webp&s=e68b17a33b1b1a6c8341aac05cd7f3a2ee025d51 + +So the future is alt-coins right? Bitcoin is clearly losing market share to alts, right? Actually, this metric tells the opposite. Consider the sheer number of coins now in existence, along with the insane growth of stablecoins. If all components of this metric remained constant over the past several years, then I would agree that the future seems to be alt-coins. However, in 2017 there were less than 1000 cryptocurrencies. Now there are over 20,000! And value in stablecoins has exploded. So now, there are 20x more alt-coins and over 100 billions dollars of stablecoins in the denominator of this metric competing for marketshare against bitcoin. To have all that be added to the denominator and BTC dominance still be so high is remarkable, and only proves that it will continue to be the most valuable chain for the foreseeable future. History shows any bet against bitcoin has been a bad one. + +Lastly, if you simply MUST invest in an alt-coin for whatever reason, here's my advice on how to do it. + +&#x200B; + +1. Ignore any alt-coins that have already made the upside-down V pattern in the first visual. If that's already happened anywhere in its price history, then ignore it. +2. Find a new alt-coin that has a sideways price pattern and was created during the current crypto winter. +3. Its value proposition must be something that hasn't had a bubble yet. No BTC forks/clones. No NFTs or platform tokens. No DeFi or DEX coins. Something new, like maybe soul-bound tokens for this next rally? (Not a soul-bound token itself, because that can't be sold, but a token for its infrastructure) +4. Sell it somewhere in the next bull run. Don't get too greedy, take the profits and put them in Bitcoin. + +I do not consider myself to be a Bitcoin Maxi. Too many people lose money in alt-coin projects. Too many newbies buy an alt-coin as their first coin. Yes, there is money to be made in alt-coins, but mostly by getting in and out at the right time, not through a buy and hold which is 1000x easier. Yes, there's money to be made in some alts, but by and large it's better for the money to be put in Bitcoin. If someone has more info to prove me wrong or teach me something, please do. But unless you can, please learn from the price history of alt-coins. Buy bitcoin, put it in cold storage, and wait. History \*so far\* has shown that to be the best thing. + +tl;dr Price history of alt-coins against Bitcoin proves that holding alt-coins are always a bad investment. +Thanks to all the people who shared their suggestions in my [last post](https://www.reddit.com/r/ValueInvesting/comments/v6t0ne/free_20_years_of_financial_data_and_a_built_in/?utm_source=share&utm_medium=web2x&context=3) and the ones who reached out personally, I have completely revamped the UI and improved the DCF calculator as well! I have added tables, displaying financials of over 20 years which can be copied directly (If you want to play around with the numbers yourself). + +Check out the updated app here - [Link](https://share.streamlit.io/sanchitgoel7/stock-snapshot/main/%F0%9F%93%89_Stock_Overview.py) + +Let me know if you have any further suggestions that could be incorporated. Feel free to DM me, if you have any questions regarding the app or would like to integrate a personal feature. Hope the app proves useful in your financial journey 😁 + +Happy Investing! +The company / Stock is Viavi Solutions. The ticker is VIAV + +I’m really baffled and confused how there could be such a large difference / discrepancy. + +Is anyone willing to take a look and check my math? + +Is there some sort of financial engineering going on here that’s inflating the numbers? + +I’m looking at the Trailing Twelve Month financial statement on Yahoo Finance +So, my strategy is to buy stock which I believe are undervalued by the market and hold them for atleast a year and consequently sell them when the stock’s intrinsic value(according to my calculations) is met. I am ok with holding a position for long time and since I have conviction even add in when the stock is going down, my problem is when I make large gains quickly. Say I bought stock X for $100, I feel that it’s worth $130, but within one week it’s already $120, I am tempted and often sell my whole position at this point since the gain was so quick, I feel I can find other opportunities when time value of money and gain potentials will be better…anyone have a sound logical strategy for this scenario? Thanks! +Hey everyone, + +This is my first post from mobile so I apologize if the formatting is terrible. + +I’ve been following this sub for about a year now and I’ve seen some general negative sentiments regarding people who have an inheritance when they are young. Me being one of these people, I thought I would share my experience to give everyone a more balanced look at how this has affected my life. + +Long story short, my grandfather (who I never met) made a ton of money in the insurance industry. This money was passed down to my father after he died. + +This is where the story takes a turn. My parents got divorced, and subsequently a few months later my father died. At 3 years old I was given a trust fund of ~$50000. My mom (who is a saint) reinvested this money for me until I took control of the account at 21 with a balance of ~$200000. This has been life changing money in my college life/early career and one of the reason I found the FIRE community. So, finally, I’ll get to the pros of having this money: + +1. I was able to attend and graduate from a 4 year university completely debt-free. Even though I had plenty of scholarships and financial aid (my moms annual income is not very high), I was still able to cover the remaining 2-4 grand left over every semester with my inheritance. This is currently the only thing I’ve pulled money out of these accounts for. + +2. I have a huge leg up on many of my peers at this stage of my life. Being 23, living in a LCOL area and just starting my career, I can afford to be picky with the career path I want to take. If I wanted to quit my job tomorrow (which I don’t), I know that I would be fine to spend some time training, going back to school or taking some time for myself. + +3. Having money taught me the value of money. I worked jobs in high school and college because my conscious couldn’t even imagine pulling money out of these accounts for “fun” (not to mention $200 paychecks in high school make you feel like a king). + +4. This money has given me motivation to aggressively save MY hard earned money. I have just started contributing to my 401k and have about $30000 in a HYSA from my jobs post-college. Having a leg up makes me want to get to FIRE faster! + +Now, here are the cons: + +1. Having an absent step-father who never really took interest in me made me very insecure as a child, and even up to now. I don’t really have a male role model in my family/friends that I can go to for advice. This has led to some mental health issues that I’m a currently seeking treatment for. + +2. I am not really close to my father’s side of the family. There is no contention or animosity but it almost feels like after a certain point they stopped trying to keep in contact. + +3. I have never enjoyed the finer things in life. Sure, I’ve never been poor or had to worry about basic necessities, but I also didn’t get to do things my friends did (travel sports, fancy vacations , etc.) because my mom couldn’t afford it (my mom is great with money and my main inspiration in FIRE and life if you couldn’t tell already). + +4. My moms side of the family are not very well off. I’m concerned in the future I may be asked to support my grandmother financially and I don’t know if this will result in family tension. + +In short, there are many fair and valid criticisms of “trust-fund babies” who have never worked a day in their life. I don’t particularly like them either. I won’t sit here and pretend my life is a tragedy. I’ve been extremely blessed by not only this money but the people surrounding me. I simply wanted to bring attention to the facts that for some people, an inheritance comes with significant trade offs in their non-financial life. Sure, most of the cons I listed are emotional rather than financial, but that’s just as big if not bigger part of your life (who wants to FIRE if they’ll never enjoy it?). It’s very hard to judge someone’s situation by the numbers in their bank account. + +For everyone who has read to the bottom, thank you and feel free to share your own perspective on the matter. I’m interested to hear what other people have to say (famous last words). + +EDIT: I realized as I am reading the comments that the title may be misleading. I conflated the terms trust fund and inheritance by accident. This post is speaking about inheritances. +https://www.bls.gov/news.release/cpi.nr0.htm + +You can see a very specific breakdown per item here: https://www.bls.gov/news.release/cpi.t02.htm + +>The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a +seasonally adjusted basis after rising 1.2 percent in March, the U.S. Bureau of Labor Statistics +reported today. Over the last 12 months, the all items index increased 8.3 percent before +seasonal adjustment. + +>Increases in the indexes for shelter, food, airline fares, and new vehicles were the largest +contributors to the seasonally adjusted all items increase. The food index rose 0.9 percent over +the month as the food at home index rose 1.0 percent. The energy index declined in April after +rising in recent months. The index for gasoline fell 6.1 percent over the month, offsetting +increases in the indexes for natural gas and electricity. + +>The index for all items less food and energy rose 0.6 percent in April following a 0.3-percent +advance in March. Along with indexes for shelter, airline fares, and new vehicles, the indexes +for medical care, recreation, and household furnishings and operations all increased in April. +The indexes for apparel, communication, and used cars and trucks all declined over the month. + +>The all items index increased 8.3 percent for the 12 months ending April, a smaller increase +than the 8.5-percent figure for the period ending in March. The all items less food and energy +index rose 6.2 percent over the last 12 months. The energy index rose 30.3 percent over the last +year, and the food index increased 9.4 percent, the largest 12-month increase since the period +ending April 1981. +This is one the Altcoins I never invested in and so I don't follow their news, what is the reason of this rise? Is there any special feature or partnership announced? Or it's just hype and exuberance? + +I previously owed the ATO $900ish and was making this back monthly, however my tax return I just received paid this out. Is there any way I can receive the full refund and go back on my plan? I wasn’t expecting this and needed the money to get through 7 weeks of unpaid student placement... +UPDATE 1: I was able to get them to schedule a meter test for Thursday afternoon, so we'll see how that goes. Thanks for your comments, guys. The most popular answer here was that it's a leaky toilet. I still have a hard time believing our toilet would just randomly leak profusely for four days and then suddenly stop, all without us noticing. It also doesn't quite explain the large variance in gallons over those four days. That toilet would also have to be producing over 5.5 gallons of water per minute, which seems like a bit more than just a quiet stream. I'm open to hearing more about that though. + + +**UPDATE 2: The test came back 100% accurate, so the meter is apparently not at fault. At this point, I have to accept the possibility of a very significant leak from my toilet that happened without my knowing. I've reached out to the water company and escalated the issue to management. I explained to them the situation and that a random $500 water bill with no confirmed source of a leak isn't acceptable and not something I'm willing to gamble with in the future. He's going to get with his higher ups and see what kind of options they can provide for me as it is a bit of a unique situation. Meanwhile, I'm having a plumber come out to take a look at our toilet. I'm hoping for a leak adjustment.** + + +I recently received a 90-day water bill for $500. This is more than double what I'm used to paying. The bill was for 35,000 gallons of water used over 3 months, and we're just two people in a small 800 square foot home. + +Upon reading the daily report, I came across four consecutive days from January 27th through January 30th where 20,000 of those 35,000 gallons were used. (See here: http://i.imgur.com/DPCqmSz.jpg) + +I looked back to see what we were doing during those times -- nothing out of the ordinary. We were home. It was the middle of winter in the midwest, and everything was frozen and covered in snow. + +We did check for leaks and there were none, but a leak that significant wouldn't have just fixed itself anyways. A burst water pipe wouldn't have fixed itself. I find it highly unlikely anyone could've hooked up to the spigot on our driveway for four consecutive days while we're home with our three neurotic dogs. + +The water company is holding me liable for this charge, and they're not listening to anything I have to say. Is there any way I can prove this wasn't my doing? I don't even know how this level of usage could've happened. Is a faulty meter possible? +Can someone recommend a good rental property calculator that can help me analyze deals? + +I’m new to RE investing and so at this point all I’m doing in my free time is analyzing deals and simply practicing the number crunching aspect. + +I’ve found a bunch of calculators online but they’re either pay-to-use or just simply inconsistent. Meaning 2 different calculators give me different results on the same exact property. + +Any help is greatly appreciated! +Here is the list of free online courses for learning algo trading, investing and quantitative finance: + + +Machine Learning for Trading |Udacity + +https://www.udacity.com/course/machine-learning-for-trading--ud501 + +Investments | Massachusetts Institute of Technology + +http://ocw.mit.edu/courses/sloan-school-of-management/15-433-investments-spring-2003/ + + +Analytics of Finance | Massachusetts Institute of Technology + +http://ocw.mit.edu/courses/sloan-school-of-management/15-450-analytics-of-finance-fall-2010/ + +Topics in Mathematics with Applications in Finance | MIT + +http://ocw.mit.edu/courses/mathematics/18-s096-topics-in-mathematics-with-applications-in-finance-fall-2013/ + + +Model a Quantitative Trading Strategy in R | QuantInsti | DataCamp + +https://www.datacamp.com/courses/model-a-quantitative-trading-strategy-in-r/ + +The R Trader Blog + +http://www.thertrader.com/ + + + 🕯 + 🕯 🕯 + 🕯 🕯 + + 🕯 $2500 ETH 🕯 + + 🕯 🕯 + 🕯 🕯 + 🕯 +# GREETINGS r/CryptoMarkets! + +It's the [Oasis Protocol Foundation](https://oasisprotocol.org/) team from r/oasislabs, here to update you on our recent developments, and share our vision for the future of Oasis Network. We are to the r/CryptoMarkets mods for hosting us! Before we get started, we’d like to introduce ourselves: + +/u/coincidencejon \- **Jon Poole | Community Lead & BD** + +/u/ekintuna \- **Ekin Tuna | Business Development Lead** + +We will be answering your questions and discussing all things Oasis for 2 hours, starting at 3PM UTC on April 1, 2022.We are excited to offer $2,000 USD in $ROSE for participants of this AMA! 25 redditors who ask questions during the AMA time frame will be eligible to win their share of $2,000 USD in $ROSE. + +We will randomly select 25 comments, and tag the winners on this thread. Please DM /u/mentalgooseflesh if your name is selected! *In compliance with AML laws, winners must submit KYC to be eligible for a reward.* + +**About Oasis** + +Oasis is the leading privacy-enabled and scalable layer-1 blockchain network and combines high throughput and low gas fees with secure architecture to provide a next-generation foundation for Web3 and power DeFi, GameFi, NFTs, Metaverse, Data tokenization and Data DAOs.Supported by top industry backers, Oasis recently announced the $[200 million Ecosystem Fund ](https://oasisprotocol.org/ecosystem-fund)to support projects to build on the network and has several Fortune 500 partnerships in place, such as the CryptoSafe Alliance with Binance, the BMW Group, and others. Oasis is one of the top two invested blockchains by top VCs and has one of the fastest-growing developer networks in the industry, according to Messari. Read their full report [HERE](https://messari.io/article/oasis-network-growing-a-responsible-data-economy-with-privacy). + +Through its separation of consensus and computation into two parallel layers, Oasis is far more scalable than other blockchains and can manage many complex transactions at scale.Oasis is ideal for DeFi and GameFi due to instant finality, 99% lower gas fees versus Ethereum, high throughput, privacy protection, and defense against MEV. $ROSE is the native utility and settlement token of the Oasis Platform. Learn more about [DeFi on Oasis](https://medium.com/oasis-protocol-project/defi-on-oasis-network-how-to-get-started-1b69896f6802), and watch our useful [“How To” videos](https://medium.com/oasis-protocol-project/how-to-video-tutorials-live-on-youtube-499b6c7bf00a)! + +We also invite you to join our incredible, active community of Oasis Ambassadors! Become an ambassador and start earning $ROSE today. [Apply here](https://oasisprotocol.org/ambassador-program)! + +Connect with us: [https://linktr.ee/oasisprotocol](https://linktr.ee/oasisprotocol) + +**KEY INFO:** + +[NY Times Interview w/ Oasis Founder Dawn Song ](https://www.nytimes.com/2019/11/19/technology/artificial-intelligence-dawn-song.html) + +[Top People in Crypto- Dawn Song #77](https://cointelegraph.com/top-people-in-crypto-and-blockchain-2022/dawn-song) + +[200m Oasis Ecosystem Fund](https://medium.com/oasis-protocol-project/binance-labs-backs-the-oasis-ecosystem-fund-to-support-the-projects-building-on-oasis-network-f6bcb3be6ee4) + +[DeFi on Oasis- How to Get Started](https://medium.com/oasis-protocol-project/defi-on-oasis-network-how-to-get-started-1b69896f6802) + +[Beginners Guide to Oasis](https://medium.com/oasis-protocol-project/a-beginners-guide-to-oasis-50ea401ec7f3) + +[“How To” Video Series](https://medium.com/oasis-protocol-project/how-to-video-tutorials-live-on-youtube-499b6c7bf00a) + +[Join The Oasis Bloom Hackathon- $200,000 in Prizes](https://oasis.devpost.com/) + +**We will be sharing lots of information during this session.. So, don’t be shy- ASK US ANYTHING!** + +**EDIT: THANK YOU SO MUCH FOR YOUR PARTICIPATION IN OUR AMA! Thank you to the** r/CryptoMarkets **mods for hosting us, and allowing us to introduce Oasis to this subreddit. We invite you all to join us at** r/oasislabs **with any questions you may have, and to get involved in our community! We will do a randomized comment selection, and announce the winners here :)** + + +**You all are amazing** +I’m 14 years old and have a little over $600 on me right now. I don’t know what to do with it, I’ve been thinking about what i can do with it to make more money but haven’t come up with anything. Please drop some suggestions. I would greatly appreciate it. +My dad died a few months ago, and he’s the person I would usually turn to for financial advice. He was very well versed in finances, honest, and non judgemental- and I really don’t have anyone to turn to any more who is like that. I had a conversation about finances with some friends recently and it made me pretty anxious about where I am in life, but the person I would usually turn to help me quell those fears is gone. So I’ve come here for a sanity check , I hope this doesn’t violate any rules. For a little background on me: I’m a 25 year old living in the US making about 72k a year. I have 24k in my 401k and 30k in savings. Is this, for lack of a better term, good for someone at my age and income level? +I’m also curious about how the expectation of people having children in future impacts financial planning advice. I think it is extremely unlikely that I will have children in the future because I have a number of genetic conditions that run in my family that I am concerned about passing down. Does that have any effect on how I should plan for the future? + +P.S.- I’m sure as a member of this community, all of you who are parents are educating your children on personal finance. But if for some reason you aren’t, please pass on your knowledge. It was one of the greatest gifts my dad left me. +I inherited $35,000 from a deceased grandmother a few years ago, along with $15,000 I have saved up from working etc. I know the worst thing to do is let it sit in the bank, but I don’t know where/how to invest it or what to do with it. I have no debt, I’m a college grad with a full time job, and allocating some of my income to my works 401k (they don’t offer incentives or matching). I am commissioning into the US Army as an officer, and will be shipping to basic in the next 6 months, so I’d like to get my finances figured out before then. Thanks for the help! +Broke 23,000 on October 17th, 2017. + +The Dow has spiked nearly 6,000 points since President Trump's election last year, notching 79 daily record highs since then. + +The S&P 500 and Nasdaq are also near all-time highs. The latter is up a whopping 30% since the election. + +The boom in the stock market is a clear reflection of improvements in the U.S. economy. New numbers published on Wednesday show the U.S. grew at a brisk 3.3% pace between July and September, the best growth since 2014 and the second-straight quarter of 3% growth. + +http://money.cnn.com/2017/11/30/investing/dow-24000-stocks-wall-street-trump/ +So recently I saw that an old friend of mine started trading forex. He also has a "service" where people can give him a minimum of 200$ and he will trade with it for them. He is all flashy about it on social media. + +When I asked him about some verified returns he didn't really reply. He also didn't know that you need a license to invest other people's money. I told him all that but he doesn't really seem to care about it. I don't know if he's profitable but I hope so for the people who give him money. + +I also discovered that he is using I Markets Live, which is a total scam. Honestly I don't feel like I want to warn him about it anymore. Maybe he just needs to find out about it for himself as a lesson. + +PSA: Sorry for bad formatting / grammar mistakes. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +So, I'm a software engineer, extremely new to algo trading and ocassionally peruse this sub. Nearly every post in here contains criticism or some comment about how someone's algorithm won't be profitable in the long term or just doesn't work all together. + +Am I wasting my time here? Is it futile to attempt to design a profitable trading algorithm without enterprise-level resources? + +Just seems like everyone in here has tried and failed. +I've been working since I was 16 years old, and ten years later, I've never stopped. Even when I was in College, I was juggling between classes, my two jobs, and my unpaid internship. Thanks to my master degree, I found a steady job, but I make 1700€/month and my rant is like +1100€ (I live in Paris for reference ; not the cute Paris either like in the *Netflix* serie, more like in a sketchy area where it's not good to come home late). I'm a second-gen immigrant and I always feel embarrassed to ask my parents for help. They struggled all their lives, I feel like I should be the one helping them out you know ? My friends are all pretty well-off too, which doesn't help tbh (even if I'm very happy for them, it's just that they don't really understand my struggles). + +Anyways, I feel doomed by poverty. I've got a ton of mental health issues (depression, bipolar disorder, adhd) and even though i'm powering through it thanks to a wide range of medications, I feel so tired. Every time I cross a bridge, I'm thinking about jumping into the Seine river. I've got to take care of my cats so I definitely won't, but still, it's crushing. I see my friends buying property, having kids, being financially secure, and I just can't help but thinking I will never catch up, like it's too late you know? + +I really try to save up some money but it's like it'll never be enough. And I always feel *so* guilty when I spend money on myself. I know it could be worse, so I'll stop my complaining right there, but, you know. It's hard sometimes. I feel at home in this subreddit haha. Take care, everyone. +I’m a F 26 y/o. I have a stutter. I’m an introvert and is seen as a quiet person (more like I can’t physically say what I want to say). + +I went to uni and did a year of Science to get into Medical Imaging. I was a great student with very high GPAs every semester but extremely weak social skills. In Medical Imaging, I was very depressed and anxious. I hated placement and I also hated the role play exams. So I dropped out. It was very hard to get into imaging but in the end, I did what I thought was best for my mental health. + +Fast forward, now, i have a cert 3 in lab assistance but I’m stuck in a low paying highly physical labour job in a private pathology job as a lab assistant. I push and handle trolleys of 20, 000 samples a day. My income is extremely low - not even average income. And It gets very tough physically. However though, my social skills have improved despite my stutter still affecting me. I’ve been at this job for over 2 years now and I’m sick of it. Very high turnover rate. I’m also sick of working 7 days to earn more money to still earn below average income. + +I feel really trapped in my job right now. I know going back to study is the only way out of this. I love studying but looking through the list of degrees I can pick, I know I will enjoy the content and the theoretical side of things but the end job.. I’m not sure if I can do it with my speech impediment and actually like it. + +I know that I love health and anatomy and the human body because I loved the theory side of medical imaging. But I’m lost.. I’m not sure what to do besides knowing that going back to uni is probably the best way. I’ve looked through TAFE and the courses offered I’m not all that interested either. + +Is anyone able to offer me any advice for my situation? + +Edit: I haven’t gone to therapy but I’ve tried slowing down my speech as well as following techniques that I’ve found on YouTube. + +These techniques work when I practice alone etc but when I try them out in real life conversations, I revert back to old habits. Even trying it out on family members who know I stutter has had no success. The brain is very strange. + + +Edit 2: Omg wow! I did not expect to receive this amount of encouragement, support and suggestions. Thank you everyone. I will look into the recommendations. I truly appreciate everyone’s time in reading this post and commenting with such valuable advice. Thank you all. +I have been looking at Rent to Retirement’s website and business model for a while. I even spoke with Zach a while back to learn more. Looking at the numbers, it’s not clear to me how it works. + +If these turnkey properties cash flowed so well, why wouldn’t Rent to Retirement hold on to them? Understand they seem to price them substantially higher than market value and also collect property management fees on an ongoing basis, but am I missing something? I am worried that something like this could turn out to be a Ponzi scheme... +https://i.redd.it/kukifiwqgpf61.png + +That's probably what caused our early spike to the $95 before shorts panicked. Right now it's a fight between puts and calls at strike 60 to stay in the money. [Max Pain Theory](https://www.investopedia.com/terms/m/maxpain.asp) says the longs and shorts will fight over their strikes with the highest volume as expiration approaches, ultimately making the the maximum number of calls expire OTM. + +But there are 89,000 call options expiring friday from $60-$120 that MMs will have to hedge as the price increase. Shorts are going to do anything they can to keep it down below that to save themselves. + +There are another 60,000 puts that are expiring today that market makers will have to unhedge as the price rises, also contributing to a gamma squeeze. + +There are another 90k calls from $120 to $800 that are almost completely unhedged, but I'm also not expecting us to pump all the way up to the 800s to squeeze those so i've excluded them from the main numbers. + +These are personal opinions/my guesses and not investment advice. I've also got so much GME that I can't do anything but stare at this stupid chart all day. + + +**TL;DR:** In total that's 15,000,000 million shares they'd have to buy today of which they've only hedged about 3 million so far (rough estimate based on eyeballing the delta). That's a whole lot of squeeze if we can find the juice. + +***Next day edit:*** You can see from the price action and high volume 10 minutes before close that bulls were trying to drive the price as high as they can while shorts were trying to keep it below $60. At $64 bulls had a small win leaving all the 60p to expire worthless. I'm slightly bullish coming into next week, but looking to see when it closes above the 4 day SMA to really say momentum is returning. + +*Edit for the requested rocket ships 🚀🚀🚀🚀🚀🚀🚀🚀 +/u/bosshax here! + +You may have enjoyed some of my recent DD's building a case for the Loopring + GameStop relationship, and I think there is a lot more to come (doubly so since we have *not* even seen an official GameStop announcement yet). + +Some of my recent DD's: + +1) [Loopring Technology Ltd is NOT a Chinese Company (6 days ago)](https://www.reddit.com/r/Superstonk/comments/tgdxxz/loopring_technology_ltd_is_not_a_chinese_company/) +2) [(GME Theory Update) - Gamestop Entertainment LLC Merger with Loopring and Spin Off from GameStop Corp (13 days ](https://www.reddit.com/r/Superstonk/comments/tbh9hz/gme_theory_update_gamestop_entertainment_llc/)[ago)](https://www.reddit.com/r/Superstonk/comments/tbh9hz/gme_theory_update_gamestop_entertainment_llc/) +3) [GameStop Artist (Pope) Creator Minted on Loopring](https://www.reddit.com/r/Superstonk/comments/tb4aer/gamestop_artist_pope_creator_minted_on_loopring/) (13 days ago) + +4) [GameStop + Loopring = Tokenized Peer to Peer Stock Exchange](https://www.reddit.com/r/Superstonk/comments/t7ghsf/gamestop_loopring_tokenized_peer_to_peer_stock/) (18 days ago) + +5) [(Theory) GameStop Will Acquire Loopring (2 Months ago)](https://www.reddit.com/r/Superstonk/comments/skn5mn/theory_gamestop_will_acquire_loopring_they_will/) + +I would like to remind everyone that ***alpha*** is all about connecting dots of imperfect information and intelligent speculation. If you are able to see the vision, you can be ahead of the game. If you're waiting for official announcements to spell things out for you - you will always miss the boat. + +I've been researching GameStop for 15 months trying to figure out their transformation plans, the business strategy and direction. We saw hints they wanted to participate in Web3 but only in October, with the Loopring leaks, did a vision begin to materialize. + +Now that we know GameStop's NFT Marketplace is built using Loopring Protocol: + +https://preview.redd.it/0hwnwow237p81.png?width=1170&format=png&auto=webp&s=ffc255c3bb271cc18adf5a75c7a4572809a3e7bb + +This means GameStop NFT Marketplace is using the Loopring Relayer and Loopring DEX. + +The Loopring Protocol allows you to create your own peer to peer decentralized finance **products.** Using Loopring you could create your own relayer, your own DEX, your own wallet, and other things. + +&#x200B; + +https://preview.redd.it/t13ohtjx27p81.png?width=1418&format=png&auto=webp&s=d631e197327831bf34f7ae9cca2e5f1f0164b418 + +Daniel is a bit infamous for his pre-mature tweets, but looking back they were all essential and critical pieces of the puzzle. Note above the emphasis on 'products'. + +GameStops 1st Product is the NFT Marketplace. + +**Gamestops 2nd Product... also using Loopring... is the GameStop Wallet.** + +Daniel later deleted this tweet: it's quite clear that GameStop wants to be the one to announce GameStop products and does not want Loopring to jump the gun, although they really can't help it. + +https://preview.redd.it/rh2ajixl27p81.png?width=986&format=png&auto=webp&s=601d4c76110012ae89bccfe906119d9f96de84bb + +https://preview.redd.it/f44mdf1t27p81.png?width=1451&format=png&auto=webp&s=d138b1f606fbd6aee80c0b20088e55a63d829587 + +&#x200B; + +https://preview.redd.it/t2zqhwws37p81.png?width=550&format=png&auto=webp&s=ac6e64a2fde6650d33ff54b0891e4db5d5dba800 + +Adam from Loopring's original launch medium article had a very important section that was later edited and deleted: + +&#x200B; + +[https:\/\/medium.loopring.io\/gamestop-nft-marketplace-powered-by-loopring-l2-6cdb9289d937](https://preview.redd.it/dsqry5uw47p81.png?width=273&format=png&auto=webp&s=1ee518c6a8c5cfb15b770f93eb52fb946f443412) + +It's obvious GameStop **does not** want their BIG strategy revealed, but that's it right there... GameStop is going into GLOBAL DIGITAL ECONOMIES. Their launch of an NFT Marketplace is just the first step in a long roadmap of exciting and innovative web3 products. + +Let's take a cruise back in time to the ComputerShare and Overstock AMA: + +[Computershare AMA (Part 2) - OverStock Dividend Distribution](https://youtu.be/bo427AW0anw?t=1303) + +Relevant transcript: + +https://preview.redd.it/4mv6gmtp57p81.png?width=887&format=png&auto=webp&s=542f6e0403f3c2c19edd8d5a8865dbe005e70e97 + +ComputerShare **ALREADY** has the ability to distribute a digital dividend directly to a companies wallet. + +On ComputerShare clients can set up their BANK or (I theorize) connect a crypto wallet, to receive their cash or crypto dividends directly from the COMPANY. + +&#x200B; + +https://preview.redd.it/k63u8j4r67p81.png?width=1773&format=png&auto=webp&s=58e7b69d0c1e9b1866fc57e6c2c641f2aecd85cd + +**Speculation and Further Thoughts** + +We already know Cede & Co with DTC can NOT issue or distribute crypto tokens, but ComputerShare CAN. + +Since we know GameStop wants to become **the destination for digital economies** it makes sense that they want to enable shareholders to receive **digital** **dividends**. This has already been done with tZero (it was in their business model) as it is in GameStops business model now getting involved in crypto. + +I theorize that GameStop wants to revolutionize markets and based on Ryan Cohens recent tweets about 'Shorts are dumb' it seems quite obvious he sees a systemic and illegal problem with the current securities market. + +Loopring Technology enable you to create your own distributed peer to peer non-custodian exchanges where ANYTHING can trade... NFTs, tokens, currencies, **securities**. + +https://preview.redd.it/px3uxd4i77p81.png?width=1449&format=png&auto=webp&s=9eaac4016666440a859390fcfa27fc4a320d2596 + +https://preview.redd.it/bcdm8rfg77p81.png?width=1462&format=png&auto=webp&s=4fba5675672ec0a6f56d4e4bab75a8faad949742 + +Why do you wonder GameStop has not yet revealed any kind of announcement about Loopring, even though we're seeing confirmation they are being used? Might it be that the forthcoming announcement is a lot bigger than a 'protocol partner'? Why might the founder of Loopring (Daniel Wang) 'retire' in January before seeing his protocol come to fame, scale and fruition? + +I theorize GameStop has acquired Loopring Technologies and together their subsidiary GameStop Entertainment is setting itself up to become a web3 powerhouse. I built a case in my other DDs about how this subsidiary could be spun-off in the future as it's own company (like Paypal & eBay) creating numerous shareholder value. + +However... what is also now possible with the GameStop wallet is that DRS Shareholders (of whom there are 125,000) will be able to connect their GameStop Wallet to Computershare AND receive some kind of crypto dividend. It would be absolutely ingenius for GameStop to issue a Loopring Token to all shareholders as the LRC token provides governance via a DAO. GameStop would be the first company to allow it's shareholders to have equity ownership in GameStop Corp while also having governance decisions in the underlying Loopring protocol via Dao. + +Byron confirmed today the Loopring DAO is still a go and obviously token holders benefit. + +https://preview.redd.it/ylvcgfrf87p81.png?width=1364&format=png&auto=webp&s=c130872d512b63f79d5e0e974567ab4dfbbb4e17 + +If you can't put it all together you have to realize that the GameStop Transformation is a masterful genius plan. GameStop is legitimately transforming their business while simultaneously building products that can potentially disrupt the entire legacy financial world. If indeed this is their goal, as I think it is, then they may opt to at some point issue a crypto token to DRS wallet enabled holders. I don't expect this necessarily soon but it is a real viable possibility. + +Remember the GameStop ATM Share offering included a clause that permitted them to withdraw from the DTC if the DTC could not properly distribute property to entitled shareholders... + +Referencing the famous [Glass Castle](https://www.reddit.com/r/Superstonk/comments/pki107/the_glass_castle_new_game/) who made a compelling argument that if the Preferred Depositary can not properly issue property then GameStop may opt to issue it with a different mechanism. + +Credit to, u[/3for100Specials/](https://www.reddit.com/user/3for100Specials/) + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/pki107\/the\_glass\_castle\_new\_game\/](https://preview.redd.it/ptvczifea7p81.png?width=811&format=png&auto=webp&s=c3e22720da7df94ea04370fa6f68177d2e07e34f) + +[https://news.gamestop.com/node/18961/html#toc](https://news.gamestop.com/node/18961/html#toc) + +**TLDR:** + +Loopring is the protocol that has been used to create the GameStop NFT Marketplace. This is only their first product, of many. + +Their second product, also built using Loopring Protocol, is the forthcoming GameStop Wallet. + +GameStop has BIG plans, and it doesn't end at NFT Marketplace. They want to become a monster player in the digital economy. + +Ryan Cohens recent tweets seem to suggest he's directly 'calling out' shorts for abusive and illegal practices which should be investigated. It seems likely he's motivated to 'address the problem'. One way GameStop can execute on that is by creating a new kind of securities exchange, this is theoretically possible with Loopring. (This would be a long term 'plan' as regulations will take a while. + +Loopring founders exit, and the lack of any GameStop announcements about Loopring, strongly suggest there is something else, something big, going on. I theorize this is a GameStop acquisition of Loopring Technology. + +Together the new super Web3 company, in the subsidiary GameStop Entertainment, with their second GameStop Product, the GameStop Wallet, could, as Overstock did, connect shareholders digital wallet on the transfer agent level to **directly receive** a **digital distribution**. + +This is all part of a very large, multi-year, strategy, and it's playing out before our eyes. Get jacked! + +but.... there is one thing that the GameStop wallet can do... that the tZero wallet never could... do you know what that is... it supports... NFTs... **NFT dividend is back on the menu.** +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! + +Got my renewal quote from Admiral at an eye watering £2438... they managed to scrape £230 off it so I told them where to stick it. + +Shopped around and managed to get cover for £1293. + +Don’t feel you have to stick with a company. I quickly found out that customer loyalty means nothing. + +Happy days!! +Compounder ape here. I make body wash, shampoo, conditioner, lotion, mouthwash, etc. This year has been tough for obvious reasons but in the last few weeks we have noticed extreme shortages. + +My wife is the buyer at my work and she sees it constantly. Every time she submits a PO for anything they raise the price and tell us it’s weeks to months out, today alone 3 suppliers of chemicals we order in 40,000lb tankers shut down. + +We can’t even get the wood pallets we need. I feel like I’m watching society collapse in front of me. + +GME will most likely be my family’s only hope and we are already pretty well off. It brings me some comfort to know that this group of apes will be there to support everyone in need when the time comes. + +God speed you smooth brained retards. +High-level from the [r/stocks post](https://www.reddit.com/r/stocks/comments/soo1kn/disney_earnings_are_out_here_are_the_numbers_they/): + +**Earnings per share**: $1.06 adj. vs 63 cents expected, according to a Refinitiv survey of analysts + +**Revenue**: $21.82 billion vs $20.91 billion expected + +**Disney+ total subscriptions**: 129.8 million vs 125.75 million expected, according to StreetAccount + +From the Yahoo! article: + +> "We’ve had a very strong start to the fiscal year, with a significant rise in earnings per share, record revenue and operating income at our domestic parks and resorts, the launch of a new franchise with Encanto, and a significant increase in total subscriptions across our streaming portfolio to 196.4 million, including 11.8 million Disney+ subscribers added in the first quarter," said Bob Chapek, Chief Executive Officer, The Walt Disney Company. + +Link: + +https://finance.yahoo.com/news/walt-disney-company-reports-first-210500944.html + +Very positive earnings imo, great outlook. I remain long on DIS. +Hello community, + +Most books / posts I've read recommend the US S&P500 index fund (or its close equivalent VOO) and that makes me wonder, could any other countries potentially challenge America's position in the long-term? I am thinking the answer is no because: + +* Military might from the US Navy/Army and geography - it is almost impossible to launch an invasion against the American continent +* Big-tech dominance in FAANG; financial services dominance in bulge bracket banks; consumer goods e.g. JNJ, KO + +I simply cannot imagine Europe, China, or other markets over-taking the US in the long term - Europe due to it geo-political risks; China due to its own political risks; India, and Africa due to climate change. +Hey Landlords! How do you accept online payments from your tenants? + +I just rented out my first rental and sent her a request for an e-check via PayPal for the first month and a deposit. I had forgotten that PayPal takes a percentage so it cost me about $75, so I don't want to use PayPal again. Oh, and it took about a week for the check to clear, and then PayPal held the payment for another week before I could put it into my account. Grrrr. + +I'm looking for a cheaper and better alternative than PayPal. What do you recommend? + +In the US (Washington State) +Model S/X - 54,805 (produced) - 57,039 (delivered) + +Model 3/Y - 454,932 (produced) - 442,511 (delivered) + +Total - 509,737 (produced) - 499,550 (delivered) + +Source: https://ir.tesla.com/press-release/tesla-q4-2020-vehicle-production-deliveries + +Elon Musk forecasted the production target of 500k for 2020 in 2014. This was considered impossible even until recently. +There are numerous occupations - investment banking, surgery, dentistry, and the upper reaches of the legal profession - where anyone with a semi-intelligent approach to money would be able to retire by their 40s, early 50s at worst. I know that there is a big difference between a family doctor and a surgeon; between a conveyancing clerk and a trial lawyer. For the sake of this discussion let's focus on the latter examples. + +They all have financial security. Yet why do so few dentists, surgeons, etc choose to retire early?? + +Can anyone who is in such a field, or intimately knows someone in such a field, shed some light? + +So far I have three guesses:- + +1. Lifestyle inflation. This is an obvious culprit, but I doubt that everyone in these fields really has to own a beachside property plus ski chalet plus all the other things that would be required to outweigh their very substantial income. I don't think it can be this factor alone. + +2. Fear of losing professional esteem/professional identity. I guess if you are successful, you would want to keep all the prestige and satisfaction that comes with being successful and that you have worked for over the years. But then by the same token could you not have the same sense of esteem from simply being able to say to your colleagues: "I've run my race, I'm happy with it and I have better things to do, like spend time with my family"? Is that not a source of pride in itself, a way to say "I don't care about social norms" and separate yourself from corporate wage-slaves? + +3. Those who have the talent and work ethic to succeed are loath to let it go. This has been my observation of my colleagues. The best ones are usually driven by something greater than just financial security. + +Is it some other factor which compels high-earning professionals to keep working long past the point of financial security? I myself am an adherent to the FIRE approach, but I am finding that amongst my colleagues when I mention FIRE I just get quizzical glances and a "pats head" response, as if to say, "You're still young. When you actually reach your 40s, I bet you won't retire, even if you have the money to do so." +Obviously, if we see anything like the crash from earlier this year, most of them will be a bargain. But what specific stocks would you buy? + +I’m inclined to steer clear of travel stocks and financials. Delinquency a problem for the latter. Already pilled into travel and we may see some sort of change in attitudes to travelling. + +I’m probably going to jump in on consumer staples. Interested to hear what you’re all thinking if it does happen. +I'm in high school and I can easily wait 50 years for my money to compound in the market. + +I'm looking for some stability and growth. I think SPY, QQQ, and ARKK are great for my situation. Also, each ETF will have an equal stake in my portfolio + +SPY - the stability to keep a strong foundation to my portfolio + +QQQ - half stability and half growth + +ARKK - mostly growth + +--- + +Do you have any feedback or changes I should make to my portfolio? +36 married with 2 young children with a networth of 5M, with significant real estate position and index etf on a combined income of 700k. We came from professional working class background and are the first generation in our family to achieve this level. How do wealthier people turn their 7 figures NW into generational wealth say junior 8 figures 10, 20 or 30M aside from the obvious, save and wait for compounding? What do you do differently at different NW level? Do you move into different asset classes? +Basically due to working from home, I've been putting away £1.60 to replicate how much I spend on a cup of coffee at work Monday to Friday. So far I've saved £25.60 I started this on the 2nd April. + +I know it's a small saving but over a year that's £384. + +Has anyone done anything similar? +I’m the breadwinner and my job is high paying and the only way my partner and I could fat fire in about 10 years. That’s a long way away and I have stress and anxiety around if I can keep this high paying job. I like the lifestyle around it and it scares me. Anyone have advice? + +Im starting to work with higher up people who all have their shit together, and are so confident. How do I learn to be ok with this power and be more confident and assured? +Since my last comment got quite a few votes, I thought I'd make a basic Google sheet instead of an unnecessary (at this stage) website. + +Hopefully this helps a lot of people that are looking into all these new neo banks popping up everywhere. + +Note: Blank/white space means I haven't got data for that section yet. Feel free to contribute through PMs with a source! + + [https://docs.google.com/spreadsheets/d/e/2PACX-1vSjuRVkIyiSmFILDdWTHQuMlPJctIpsQNYmnDzBeiCa\_sWNvN05Gd82zv8qcBK7Wd8ytLPC-nLcZhu1/pubhtml](https://docs.google.com/spreadsheets/d/e/2PACX-1vSjuRVkIyiSmFILDdWTHQuMlPJctIpsQNYmnDzBeiCa_sWNvN05Gd82zv8qcBK7Wd8ytLPC-nLcZhu1/pubhtml) +This must be the worst time to invest in RE. Home prices are still sky high and interest rates are high, and rising. It’s really hard to cash flow in this environment. Maybe the best thing is to sit this one out +I just started getting into investing in rental properties and have already purchased a few them. Even though I have a management company that does all the tenant finding, screening, rent collection, etc., I'd like to find an easier way to track income and expenses, organizing receipts for work done, document organization, etc. + +Currently, I'm using spreadsheets and Google Drive, however, I was wondering if there's a more efficient way of doing so (especially since I'm looking to purchase more properties soon). I've seen software such as Cozy.co, Avail, QuickBooks, etc., and they have a lot of features in them (most of which are far more than I need), however, I'm wondering if there's a simpler solution that I might be overlooking. + +Does anyone know of software that could do what I'm looking to do or has any experience/recommendations for software/services that I should investigate? +I deposited a 4K check(half was going to pay off one of their credit cards) and I get this 15 day hold bull shit at the register. They said to call in 48 hours to see if I can get it resolved so I try and it’s like a 20 minute hold time apparently. It’s like these banks find every nook and cranny to pvss you off. + +Update: got my funds by calling in. These mofos would’ve legitimately held on to my money if I didn’t call them. +Just sold my biz and put 8 figures in the market (75%/25% stock/bond simple etf funds). Still working for the biz for next 2 years as consultant but plan to be out soon. + +I don’t need any of the money right now I’m concerned about a possible market drop based upon all the fear mongering I read on Reddit. Do I really have any choices though? Pull it all out? Leave as is and ride it out? How would you limit risk in this type of situation +I recently read the top comment in the thread: [https://www.reddit.com/r/financialindependence/comments/58a2bl/what_level_of_lifestle_are_you_trying_to_achieve/](https://www.reddit.com/r/financialindependence/comments/58a2bl/what_level_of_lifestle_are_you_trying_to_achieve/) + + +> Am I alone in not having a clue what I want? I'm 29 and have been saving a considerable amount of my wage since 23, but I still have no idea what I want out of the future. Is anyone else totally on board with FI, but with no real sense of what they want from it? + + +It seemed to have a lot of responses and that's how I felt/feel so I thought I would share my recent "revelations." + +I write this as a word of caution and as a learning experience. My name is MrLlamaSC, and I'm a save-aholic. + + + +About 3 1/2 years ago I graduated college and moved into the typical software engineer position in a low cost of living city like so many others here. I didn't know what I wanted to do with my life, I wasn't 100% in love with IT work, but I knew saving money to retire early sounded like a wonderful idea so I started down that path. I maxed my IRA, 401K, HSA, and opened up a taxable account for additional savings. My expenses had always been pretty low (paid off used car, cheap rent, not materialistic, etc) but I had read about lifestyle creep and what not so I really made sure to avoid that and maintained around a 75% savings rate. + +After about 8-9 months, I met up with a girl I had dated a couple of years prior, and we started dating again. She was absolutely lovely, was a pretty good saver herself, and had an amazing job bringing home more than me. I ended up teaching her a lot about finances and helped show her how she could pay off her loans quickly so we could start building towards a future to retire early and then live life doing whatever we wanted to do. + +She worked a lot of extra hours to make more money to pay off her loans, and I ended up picking up a side hustle (streaming) just for fun that ended up working out to make a decent amount of money. And of course, the more time/energy I put into streaming and the more time she put into working extra shifts, the more money we made; So that's what we did. + +Her goals were more focused around loans and a house, while my goals were more focused around retirement, but regardless both of us had savings goals and I thought things were going really well. Then after 2.5 years of dating, she broke up with me and I had to evaluate my life and I found the following things: + +1. We didn't have many experiences together considering how long we dated. I would sit in my chair and daydream about one day when we were retired traveling to Japan for a month or taking a cruise to the Bahamas or whatever, but often those things didn't happen. Additionally, a lot of smaller experiences never happened because it was always cheaper/easier to just stay at home and watch TV than go out to the bars with friends. Don't get me wrong, we didn't do NOTHING, but there was definitely less activities out because there was a focus on saving money. + +2. I wasn't living a happy/healthy life myself. I worked 176 hours a month, streamed another 120-140, tried talking to her every night, threw in random workouts, etc. All in all I only slept on average 4 hours a night and that exhausted me to where I had no energy for anything else including keeping my apartment clean, cooking food, taking her out dancing, etc. This played a big piece into the lack of experiences as well. I was making great money, but there was a cost to it and that cost was my relationship and my life. + +3. My mood about work and other things had become a lot more negative. I simply didn't have the energy to care and it for sure affected my performance and happiness. Every day I sat at work thinking about how quickly I couldn't wait to retire and be done with it and how much better life would be in the future. Any free time outside of work I did get I just wanted to try and nap. + +What's amazing to me though is how I NEVER realized this until she broke up with me. I had focused so hard on my retirement goal that I almost based my life success on how well I was doing on getting to that. I was seeing my investments and bank account grow and I got so focused on the potential future that I stopped living in the present. Not only is this not attractive/fair to my partner, but it didn't grow me as a human being either. I never realized (until the break up) that if I'm miserable during the accumulation phase, I'm still going to be miserable afterwards. Because having 100K, 200K 500K, 1M means nothing if you aren't happy and not doing stuff you love/being with people you love. + +FI is super exciting to learn about and pursue but after you get everything setup all you do is wait and then continue waiting. That waiting is your life and during that time is when you need to find out who you are and what you enjoy. During that time you need to figure out life that you want and then adjust your savings/goals to meet it. Live your life like you're FI but just in smaller ways (weekends, holidays, after work) and see what parts you enjoy and what you can live without. + +I look back at the past few years of my life and at my bank account and I would gladly give away a hefty chunk of it and work longer if it meant I could have experienced more of the world and found more passions I could have for the rest of my life, especially with someone I had loved so much. I built my savings, but I never built my life. + +What I found has helped me start down the changed path is simply 2 things: + +1. Ask yourself questions and answer them. Without thinking about money or access or whatever, find out the things you enjoy in your life. Do you like renting an apartment, or would you rather have a house? What challenges do you enjoy in life? Who do you look up to? Etc. + +2. Be open to new experiences, and allow yourself a decent budget for these. For my budget I went more extreme as catch up for the past few years so I'm allowing my friends to choose new experiences for us to share from things like climbing mountains in Canada and scuba diving in Hawaii to free/cheap things like driving to the Grand Canyon and spending a day geocaching around the city. Sure this is going to knock my savings rate down a little bit, but it is going to build my life up tremendously so that one day when I do retire I'll have somewhere to retire to instead of somewhere to retire from. + +By doing this I'm not only improving my life and happiness now, but I'm shaping a life for my future and actually starting to see goals beyond "save $X and retire in year YYYY." + + +FI is amazing and we are so fortunate to even have the chance to attain it, but don't lose sight of your life. Make decisions that aren't just financially right, but also emotionally, mentally, and spiritually right for you as well. + +Build the life you want, then save for it. +**First update posted at the bottom: 6/6/2022 1:05PM ET** + +**Monday AM edit: Huge thanks to understanding MODs who helped me get this within the rules while also pushing the boundary of the rules.** + +I’m a quiet ape. I’ve been here since before the beginning, watching, buying, learning. I’m not a financial ape, just a humble ape with a knack for patterns and big pictures. There are many epic level DD’s on swaps in general, but I haven’t seen anything on the specific swap RC wants us to find. I wanted to prove the swaps exist. + +Follow me down the rabbit hole to see how far this really goes….. + +Enter Shill Whisperer [https://twitter.com/ShillWhisperer/status/1530623185229586432](https://twitter.com/ShillWhisperer/status/1530623185229586432) + +[https://imgur.com/85mFLzY](https://imgur.com/85mFLzY) + +**A swap exists where “Free float market capitalization (ffmc) between GME and POPCORN. Wherein as long as POPCORN ffmc is greater than GME swap is intact.” In other words, ff GME is greater than POPCORN, someone is having a very bad day.** + +Wow that’s a wild idea! Lets try to prove the existence of such a swap: + +[http://img.picturequotes.com/2/995/994916/your-frame-of-reference-is-what-you-see-quote-1.jpg](http://img.picturequotes.com/2/995/994916/your-frame-of-reference-is-what-you-see-quote-1.jpg) + +What if we looked at this from Market Cap frame of reference instead of stock prices? + +POPCORN MC - GME MC so positive delta is INTACT swap, negative delta is TRIGGERED swap: + +[https://imgur.com/TmwIP5B](https://imgur.com/TmwIP5B) + +The three highlighted dates are when the MC of the two companies cross. Around those dates we should find the key impact factors. + +# September 18th, 2020 POPCORN: $0.61B vs GME $0.62B + +First time GME exceeds and stays above POPCORN. What happened? + +Well this happened 19 days prior: + +[https://www.nasdaq.com/articles/gamestop-stock-surges-after-rc-ventures-acquires-stake-2020-09-01](https://www.nasdaq.com/articles/gamestop-stock-surges-after-rc-ventures-acquires-stake-2020-09-01) + +Did RC kick Ken Griffin (criminal) in the nuts? Maybe, but must be a coincidence. Let’s keep digging. + +January 26th, 2021: The sneeze starts. Approximately 133 days after the swap triggered. + +May 24th, 2021: RC knows something is coming: + +[https://twitter.com/ryancohen/status/1397047791889879041](https://twitter.com/ryancohen/status/1397047791889879041) + +# June 2nd, 2021: POPCORN: $30.07B GME $20.49B + +This is a very large change in MC vs the other two times the swap flips. Not just anyone can move markets to that level that quickly. Remember that. + +What happened: Mudrick buy in (second time) and massive sell off of stock + +[https://imgur.com/R4KM3Im](https://imgur.com/R4KM3Im) + +Driven by a distressed company hedge fund and a capital raise which should have diluted share value ends up causing a massive run? Total share count quintupled (400%) since pre pandemic levels. That’s not good for apes locking a float. Its quite the opposite. Also remember Mudrick for later. + +Also note, GME is leading the run up until the news of financing launches POPCORN. + +\------------------------ + +Edit: Im an idiot and confused 2021 flip and these swaps dated 2022. Ignore crossed out section. But still interesting related link to swaps. + +~~Then just as I’m proof reading this post,~~ + +[~~https://www.reddit.com/r/Superstonk/comments/v5b6gw/a\_large\_swap\_appeared\_a\_shorttime\_27\_million\_usd/~~](https://www.reddit.com/r/Superstonk/comments/v5b6gw/a_large_swap_appeared_a_shorttime_27_million_usd/) + +[~~u/myfirstbanana~~](https://www.reddit.com/u/myfirstbanana/) ~~posts large swaps that occurred on…checks dates in bold:~~ + +[~~https://imgur.com/irRdnGD~~](https://imgur.com/irRdnGD) + +~~WTF!~~ + +\------------------------- + +Now lets think about this from RC’s perspective for a second. Its May 28th. POPCORN stock is moving on hyped news of fresh financing. RC’s big move just got obliterated by the wall street powers that be. He is having a very very bad day. Things were trending in the wrong direction for him regarding this swap. So what does he tweet? + +[https://twitter.com/ryancohen/status/1398454505314959361](https://twitter.com/ryancohen/status/1398454505314959361) + +The swap is going be restored! He’s a dead dumb ass! + +He’s actually sweating his play! He’s literally shitting bricks [https://twitter.com/ryancohen/status/1418751218566918146](https://twitter.com/ryancohen/status/1418751218566918146) [https://twitter.com/ryancohen/status/1410398196610723842](https://twitter.com/ryancohen/status/1410398196610723842) + +and talking about swaps [https://twitter.com/ryancohen/status/1423766191311519747](https://twitter.com/ryancohen/status/1423766191311519747) for months. + +Fast forward to the final Inversion… + +# April 4th, 2022: POPCORN $12.03B GME $12.39B + +Another subtle flip. I wonder what could’ve happened about 2 weeks before: + +[https://www.reuters.com/technology/ryan-cohen-picks-up-100000-gamestop-shares-stock-jumps-2022-03-22/#:\~:text=Register%20now%20for%20FREE%20unlimited%20access%20to%20Reuters.com&text=March%2022%20(Reuters)%20%2D%20Billionaire,16%25%20higher%20in%20extended%20trading](https://www.reuters.com/technology/ryan-cohen-picks-up-100000-gamestop-shares-stock-jumps-2022-03-22/#:~:text=Register%20now%20for%20FREE%20unlimited%20access%20to%20Reuters.com&text=March%2022%20(Reuters)%20%2D%20Billionaire,16%25%20higher%20in%20extended%20trading). + +No f#@& way. RC Kicked Ken Griffin (criminal) in the nuts twice! No way this is a coincidence now. + +August 1st, 2022: Approximately 133 days after the swap went bad. + +Additional supporting documentation: Is he dancing? + +[https://twitter.com/ryancohen/status/1510818828695052289](https://twitter.com/ryancohen/status/1510818828695052289) + +[https://twitter.com/ryancohen/status/1514297711675256840](https://twitter.com/ryancohen/status/1514297711675256840) + +Swap is intact: November 11th 2021 + +[https://twitter.com/ryancohen/status/1460127511619252230](https://twitter.com/ryancohen/status/1460127511619252230) + +Swap is triggered: May 6th, 2022 + +[https://twitter.com/ryancohen/status/1522669176569188358](https://twitter.com/ryancohen/status/1522669176569188358) + +Multiple apes have pointed out his tone changes around March. + +**To summarize: RC is two for two when buying and causing the swap to sour, and he is signaling good or bad based on the condition of the swap. Further, the only correction of the swap was caused by institutional and insider investors causing a rapid massive swing in delta market cap between the companies.** + +Still trust in POPCORN? Let’s go deeper down this hole…we are only halfway…. + +As a stated above, if this swap theory is true, any support for POPCORN is directly counter to support in GME. Every dollar in POPCORN helps support the swap. Therefore, let me show you evidence of the false retail POPCORN narrative. I’m going to show you every POPCORN movement is driven by those against retail, not retail, and by the swap…. + +First, I was there. I've been lurking in the OG VVSB since purple was hot, the first time. I watched stocks come and go, watched our boy Keith Gill the day he posted his OG DD. Something always felt weird about POPCORN. It seemed to appear from nowhere. It didn’t have that slow ape build up of loss porn before the hit. Something was…different. + +Lets go back to the beginning…if you can find it. That’s odd. + +Sentiment on the OG UUSB was the true measure of retails affection for a stock. If retail drove the stock in those late January days, there should be months of retards buying YOLO options in POPCORN and praising its turnaround. + +Fellow ape [u/elegant-remote6667](https://www.reddit.com/u/elegant-remote6667/) posted his January Ape history with this amazing nugget: + +[https://imgur.com/OtBhMLL](https://imgur.com/OtBhMLL) + +POPCORN is 100% FUD. + +Lets look at the origin of their sub. Notice the creation date? + +[https://imgur.com/miDZTaZ](https://imgur.com/miDZTaZ) + +Go take a quick look at Superstonk’s creation date. Ill wait. + +Then the mods: + +POPCORN MODS: Note the main mods all started post January 27th and the founder is basically anonymous. + +Compare with SS MODS: Note the main mods have older accounts and continue to comment even today. + +[https://www.reddit.com/r/Superstonk/about/moderators/](https://www.reddit.com/r/Superstonk/about/moderators/) + +How about the origin story so carefully maintained in their sub: + +[https://docs.google.com/document/d/1XbuthWit5VUI1nudNV\_SVMK2rPnmsNxFL39crS44ET4/edit](https://docs.google.com/document/d/1XbuthWit5VUI1nudNV_SVMK2rPnmsNxFL39crS44ET4/edit) + +January 25th, 2021: GME starts a sharp upward movement POPCORN lags about 1 day. + +POPCORN releases this as GME begins to moon. + +[https://imgur.com/ldJocUd](https://imgur.com/ldJocUd) + +January 27th 2021: POPCORN sub created by anonymous user. Short user history and no real posts in a long time. + +January 28th 2021: Buy button removed. Take special note that the swap never returns during this time of extreme volatility. + +February 26th 2021 FUD: + +From the POPCORN history on February 26th: + +[https://imgur.com/nqH0wp2](https://imgur.com/nqH0wp2) + +What else happened on February 26th which is bad for retail and should hurt the stock? + +[https://imgur.com/if3Dlwf](https://imgur.com/if3Dlwf) + +The May-June period is interesting for POPCORN. Blending insights from the MC above and looking at POPCORN, the lead up to a June 2nd stock count, there is all sorts of news from all directions helping POPCORN support a run. + +[https://imgur.com/F2PPcsv](https://imgur.com/F2PPcsv) + +This reads a little differently if you consider this event is FUD and bad for retail. + +Here is that press release: + +[https://imgur.com/WasjvwT](https://imgur.com/WasjvwT) + +501,780,240 total shares. Wow that’s a lot. Like almost 6.5X our GME. + +What else happened on June 1st which is bad for retail and should hurt the stock? + +[https://imgur.com/TggPAFK](https://imgur.com/TggPAFK) + +Share dilution. Should be bad, should reduce the stock value. And 100% makes it harder to lock the float. + +Then again on June 3rd: + +[https://imgur.com/Ex7oYsC](https://imgur.com/Ex7oYsC) + +I propose by driving retail sentiment in POPCORN, they could pump the stock price in order to capitalize on stock sales, securing POPCORN enough cash to satisfy their insane burn rate. This in turn pumps the price as fear of bankruptcy are pushed aside. All of this supports the narrative of the swap. + +And just like that the history of POPCORN stock ends. As if its purpose has been served, no longer needed, placed on a shelf of history. + +The swap has been restored. + +However, that isn’t the end of POPCORN. Remember this? + +[https://imgur.com/QUbuBYM](https://imgur.com/QUbuBYM) + +What happened about that same time? + +April 4th, 2022: POPCORN $12.03B GME $12.39B + +Fuck that’s some seriously tinfoil hat shit right there. I think I maybe too far down this rabbit hole…must….keep….going. Still…unexplored…areas…of…the…map. + +What are next steps for the Ape Autist Army? + +We need to find documentation about swaps on the key dates, especially pre-RC buy August 2020. + +September 18th, 2020. June 2nd, 2021. April 4th, 2022. + +Edit: REMOVED + +edit: REMOVED UNIMPORTANT LINE THAT COULD HAVE BEEN TAKEN AS FINANCIAL ADVICE + +RC has now laid the groundwork for an epic two months. We have the split, the marketplace, and finally at the end of July or early August a massive failed swap will settle. The same type of swap that caused the sneeze. + +No dates. Im not predicting MOASS. Just pointing fellow apes to exactly where and what RC wants us to find. + +\------------------- + +**FIRST JUICY UPDATE: Monday 6/6/2022 12:40PM ET** + +Adam Aron CEO of SWAPCORN is not our friend. Credit to [u/MMABiz](https://www.reddit.com/user/MMABiz/) (Aka SqueezedGoblin) + +[https://www.reddit.com/r/Superstonk/comments/o78dhn/citadelowned\_centricus\_appoints\_adam\_aron\_as/](https://www.reddit.com/r/Superstonk/comments/o78dhn/citadelowned_centricus_appoints_adam_aron_as/) + +To summarize: + +**MAY 6, 2021** (only weeks before the big return of the swap) AA named director of Centricus Acquisition Corp. + +[https://sec.report/Document/0001104659-21-063130/](https://sec.report/Document/0001104659-21-063130/) + +Who owns Centricus Acquisition Corp: Dated **MAY 12, 2021** + +**Citadel Advisory LLC** + +[https://sec.report/Document/0001104659-21-071171/](https://sec.report/Document/0001104659-21-071171/) + +Well isn’t that convenient timing to create a new company and name AA its director. + +\-------------------- + +**UPDATE 2: 6/6/2022 1:05PM ET** + +What has Centricus Acquisition Corp, which is a SPAC BTW, been up to recently? + +It merged with an interested encryption company in September 2021: + +[https://finance.yahoo.com/news/arqit-centricus-announce-closing-business-203300505.html?.tsrc=rss](https://finance.yahoo.com/news/arqit-centricus-announce-closing-business-203300505.html?.tsrc=rss) + +Then a few days ago: + +[https://www.bloomberg.com/press-releases/2022-06-02/arqq-lawsuit-alert-levi-korsinsky-notifies-arqit-quantum-inc-f-k-a-centricus-acquisition-corp-investors-of-a-class-action](https://www.bloomberg.com/press-releases/2022-06-02/arqq-lawsuit-alert-levi-korsinsky-notifies-arqit-quantum-inc-f-k-a-centricus-acquisition-corp-investors-of-a-class-action) + +Also the 8K above reminds us of this little fact: + +**"From 1996-2006, \[AA\] was Chairman and CEO of Vail Resorts"** + +Which reminded me of this epic DD curtesy of u/badasstrader : + +[https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire\_boys\_club\_bbc\_ep\_16\_part\_1\_the\_apollo/](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) + +More and more proof. + +\_\_\_\_\_\_\_\_\_\_\_\_ + +Tagged as speculation for now. + +edit: Formatting. Typos. +[Tezos Fundraiser](https://tezos.com/static/papers/Tezos_Overview.pdf) + +> The Foundation will manage the proceeds of the fundraiser and sell contributions progressively throughout the fundraising period +I will be receiving $50k+ (unsure of exact number at the moment) within the next 60-90 days. I have $27,500 in student loans at a 5.05% interest rate and haven’t been paying due to the freeze on them. I just graduated college in May of 2020 so I haven’t had to pay since I’ve graduated. + +Should I just clear my debt? I have no other debt so getting rid of this would make me debt free. I already have an emergency fund of about 4-5 months in my savings, contribute 10% to my company’s 401k (that has a 4% match), and am just about done with maxing out my Roth IRA for the year (at $4,500 contributed). + +I think my plan when receiving this money would be to max out my Roth IRA and then potentially pay off my debt? Or I could put a big chunk of it into index funds and let it sit. All advice is welcome as I am 23 years old and new to the financial planning world. + +Thanks! +I've searched and seen people hypothesizing about a relationship where only one person is on board with FI/RE, but who has actually been through this? Specifically, the transition where one person retires early while the other keeps working? I can see this causing the working one to be irritated. + +My GF, almost certainly to be spouse someday, comes from a family background with the mindset that a successful life is all about hard work. To them, you got to work hard forever (and complain about it)! Working a career half as much that pays 2x does not compute in their brains, but I’m sure we all agree this is a pretty typical mindset in America. And it's clear that my GF has no interest in retiring early, but she tells me she's OK with my plans to meet FI early. + +For the vast majority of my career, I have worked offshore with rotating time on/off. Coworker's and I are very aware that when we come home from working 84+ hour weeks that our partners’ are OK at first with us being at home all day. That might partially have to do with us being more ambitious when we first get home- e.g. my yard was a huge mess because that's "my duty" (which is fine) so I was out there constantly until it looked good again. + +As time goes on until the next hitch, our working partners become more and more irritated. If it's week four that I have been home and the dog has not been walked when my partner gets home I have to hear an irrational amount of complaining. This is alarming because she likes to walk the dog. I know her complaints are actually sourced by her irritation of work and especially my constant chilled-out presence. + +If one hits FI/RE, I'm thinking many spouses who share this mindset will balloon into disappointed, complaining, frown-wearing partners. But I'm hoping to hear the opposite- maybe only during the first few months until the new way of life settles in? + +Please don’t say get a new partner, we are two peas in a pod and I think a lot of our relationship’s strength stems from us being quite different people. I don’t want to date a me. + +I was thinking of what name we give this year's investing disaster. I know there is a tremendous focus on the equity side, but the fixed income side matters too. It especially matters when it is the harsh interest rate environment that is causing so much worry across the entire investment world. + +Before The Great Depression, many bear markets were called panics. My favorite is the Panic of 1857. I also enjoy reading about The Long Depression. + +https://en.m.wikipedia.org/wiki/Panic_of_1857#:~:text=The%20Panic%20of%201857%20was,rapidly%20throughout%20the%20United%20States. + +https://en.m.wikipedia.org/wiki/Long_Depression + +The Vanguard Total Bond Market Index Fund ($VTBLX) is down 13%. That is a number l, if it holds, would make this the worst year for bonds since 1793. With that, I propose calling the The Great Bond Panic of 2022. + +What are your thoughts? +BogTools, but more specifically the [Bogged.Finance](https://Bogged.Finance) arm of BogTools has announced the second version of their already decent charting platform, and if they deliver what they are claiming, it will blow all the competition out of the water. + +Firstly, [charts.bogged.finance](https://charts.bogged.finance) vs tcake vs Poocoin. + +TCAKE barely rates a mention, as they do not yet have a working product. It's best described as a "very nice looking JPEG". They plan to release their product in late MAY. Most of the tokens are owned by the team, the whole thing smells a bit fishy. + +Poocoin, the app is great but filled with ads which makes it a mess and a pain to use. The token has no usecase outside of paying for premium and ads on the platform. As soon as someone comes along with a better platform, they are dead in the water. But it does have Live transactions and wallet tracking which keeps them in the lead for now. + +Bogged Charts. Yes, I'm shilling a bit here, so i'll try my best to remain impartial. Clean UI, slightly longer loading times than poocoin, Less ads and clutter, more clear information presentation. LP info. + +Now, this is where version 2 of BogCharts comes in. + +[https://twitter.com/bogtools/status/1384128237635129349/photo/1](https://twitter.com/bogtools/status/1384128237635129349/photo/1) + +Have you ever seen anything this good? + +\- Wallet Tracking ✔️ +\- Live Transactions ✔️ +\- Clean UI ✔️ +\- No Ad Clutter ✔️ +\+ the devs are promising more unnamed features. + +As soon as this releases **THIS WEEK** poocoin & tcake will have a massive dump, and there **will** be a mass migration of users. TCAKE is vaporware, and Poocoin is a hobby project. Bogged is a project being led by a team of developers. + +There was already a massive panic in the Poocoin telegram earlier this week because it was revealed that Poocoin was a hobby project by a dev who has a full time job elsewhere. + +TCAKE seems like a bit of a joke at this stage, and will definitely collapse considering the progress that Poocoin (when threatened by Bog) and Bog will make in the next month BEFORE tcake's release. + +You can use charts v1 here: [https://charts.bogged.finance/](https://charts.bogged.finance/) + +You can buy $BOG here with **2.5%** slippage: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099&inputCurrency=BNB](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099&inputCurrency=BNB) + +Did I mention they have working limit orders? [https://bogged.finance/trade](https://bogged.finance/trade) +Up until the video about meme stocks, GG hadn’t done anything overtly malignant to the GME crowd. He withheld vital information on the GME report, but he at least is giving lip service to retail. That video was sanctioned by the US Government. As wildly inappropriate as it is. GG does BlackRock’s bidding because the US Gov is beholden to them after the 2008 disaster, and they are the only ones who would be able to get something like that from the US government. + + +Wonder what GG’s big deal with climate issues and crypto regulation is while Wall Street burns? Guess who else is interested in these topics. + +[Blackrock on Crypto](https://www.coindesk.com/business/2022/03/24/blackrocks-fink-says-ukraine-war-could-accelerate-crypto-adoption-report/?outputType=amp) + +[Blackrock on Climate](https://jacobin.com/2022/04/blackrock-climate-crisis-finance-fossil-green-esg-investments) + +Blackrock is the Big Bad. With its ALLADIN software it’s sold to millions to cheat retail out of money using complex derivatives and massive over-leveraging, they own the government and the markets. + +The fact that the government is being so blatant about its abuses leads me to believe we are a much bigger problem for them than they want to lead on. + +Hold. Buy shares when you can. DRS. CAREER 50 YEARS OF EMPLOYEES ARE LEAVING. It’s working. We are watching the collapse of the US economy before it even happens, and everything they’re doing just confirms it. +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. 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I know a meme stock but it’s premium is insane. Just interesting to see how this will turn out. I am not advocating for buying nor selling but something to definitely look into. +4:1 SPLIT DIVIDEND ALLOWS THEM ROOM TO DO A 3:1 SPLIT AFTERWARDS AS A BACKUP. + +SINCE THESE "DIVIDEND SHARES" WILL BE RECORDED/JOURNALED BY COMPUTERSHARE, OUR THEORY IS THAT LENDERS/SHORTS/MMs WILL BE FIGHTING AND SCRAMBLING FOR THE LEFTOVER SHARES THAT THE DTCC WILL HAVE TO DISTRIBUTE AFTER COMPUTERSHARE DIVIDENDS ARE GIVEN OUT FIRST. + +IF THERE IS NO BUYING PRESSURE FROM THE SHFs TRYING TO CLOSE THEIR POSITIONS DUE TO CRIME, GAMESTOP WILL ESSENTIALLY SAY "FCK IT, WE TRIED TO GIVE YOU A CHANCE TO CLOSE YOUR POSITIONS. SINCE YOU DECIDED TO CREATE MORE FCKERY, WE WILL EXIT THE DTCC AND/OR DISTRIBUTE A 3:1 NFT DIVIDEND, WHICH YOU WILL NOW HAVE TO CLOSE SINCE NFT IS BLOCKCHAIN SO IT CAN BE TRACED." + +90 DAYS AFTER JULY 21ST IS OCTOBER 19TH 2022. + +OCTOBER IS THE MONTH MOST RECESSIONS HAPPEN. + +IF THEY SAID 7:1 INITIALLY, THERE WOULD BE NO BACKUP AND THEY WOULD HAVE TO VOTE ON AN INCREASE OF MAXIMUM NUMBER OF SHARES AGAIN. BUT SINCE THEY ARE DOING A 4:1, THEY CAN NOW DO A 3:1 AS ANOTHER DIVIDEND SPLIT IF FCKERY CONTINUES. + +I'VE HAD TOO MUCH COFFEE THIS MORNING. + +DRS YOUR SHIT. LFG! 🚀 + +&#x200B; + +EDIT0: I AM JUST REALLY HYPED FOR THE DIVIDEND SPLIT GUYS. SORRY IF ALL-CAPS POST OFFENDED ANYONE. + +EDIT1: THE SHILLS ARE STRONG THIS MORNING. + +EDIT2: MAN SO MANY SHILLS THIS MORNING. \~76M (OUTSTANDING) \* 4 = 304M SHARES. 304M SHARES \* 3 IS 912M SHARES, WHICH LESS THAN THE MAXIMUM 1 BILLION. + +EDIT3: GOT REPORTED FOR BEING SUICIDAL LOLOL. SHILLS ON MAX DUTY. + +EDIT4: HEDGIES R FCKED! 🏴‍☠️ +When Choice Properties Real Estate Investment Trust reported its second-quarter financial results this week, one of the key takeaways was that more of its retailing tenants are paying their rent. Does the upbeat news apply to other REITs? + +The REIT sector is languishing amid uncertainty over the financial health of its tenants. REITs that are exposed to the retailing sector – which has been devastated during the pandemic by the triple whammy of store closings, the threat of bankruptcies and surging levels of unemployment – have been hit particularly hard. + +RioCan REIT, which owns 222 retail and mixed-use properties, has seen its unit price collapse 46 per cent since February, even as much of the Canadian economy has reopened and the S&P/TSX Composite Index has recovered to within 11 per cent of its record high. + +SmartCentres REIT is down 37 per cent. First Capital REIT is down 39 per cent, CT REIT (which has Canadian Tire stores among its anchor tenants) is down 21 per cent and Crombie REIT is down 22 per cent. + +The tumbling unit prices – and stable monthly distributions – have raised dividend yields to a range between 5.8 per cent (CT) and 9.4 per cent (RioCan), underscoring why the sector may appeal to investors wondering if there is potential for a turnaround here: You get paid handsomely while you wait. + +The second-quarter results from Choice Properties suggest that there is a compelling bullish case for retail REITs at today’s beaten-up prices. + +First, the rate of rent collection is improving as the economy reopens. Choice Properties (where Loblaw stores are the principal tenants, accounting for 56.6 per cent of gross leasable area) said that it has collected or expects to collect 93 per cent of monthly contractual rent from its retail tenants in July. + +That’s up from successful rent collection of 88 per cent in the second quarter ended June 30, and a low of 86 per cent in April. + +Rent collection from industrial tenants improved to 99 per cent in July, up from 97 per cent in the second quarter. Although rent collection from office tenants held steady at 89 per cent, these tenants account for a small slice of the revenue pie. + +The takeaway here: “This is an encouraging sign as our rent collections are steadily improving each month, as more tenants are getting back to business,” Rael Diamond, Choice Properties’ chief executive, said on a conference call with analysts. + +Second, expiring leases this year are nothing to worry about. Just 1.9 per cent of Choice Properties’ gross leasable area is expiring by the end of 2020, and the average base rent for this space is $11.85 per square foot. That’s well below the average base rent of $14.69 per square foot for the entire portfolio, which implies that renewals could be lucrative. + +Third, Canadians are buying again. Statistics Canada estimated that retail sales increased 24.5 per cent in June, following an 18.7 per cent increase in May. This could be owing to pent-up demand after the lockdown, but it’s an encouraging sign for struggling retailers and their landlords. + +No doubt, there’s a lot of uncertainty ahead because of the continuing pandemic and its longer-term impact on the economy. Retail bankruptcies are among the biggest threats to REITs. + +Dean Wilkinson, an analyst at CIBC World Markets, noted this week that retail bankruptcies are probably heavily weighted toward small businesses. Retail REIT exposure to these tenants, though, is less than 10 per cent, on average. + +“We found that retail-centric REIT valuations are reflecting a much worse outcome than that which is likely to prevail,” Mr. Wilkinson said in a note. + +Choice Properties is arguably one of the safer bets in the retail REIT sector, given the fact that Loblaw is a healthy, stable tenant. The REIT’s relatively low dividend yield of 5.9 per cent suggests some confidence among investors. + +RioCan and SmartCentres, on the other hand, have yields above 9 per cent, reflecting greater risk because of a broader tenant base. But the opportunity in this sector, especially after Choice Properties’ financial results, is hard to ignore. + + +https://www.theglobeandmail.com/investing/markets/inside-the-market/article-good-news-for-reit-investors-tenants-are-paying-rent/ +https://www.bloomberg.com/news/articles/2020-08-18/rallying-stock-market-is-forcing-everyone-to-become-a-believer + + +From professional investors to market handicappers, it’s becoming next to impossible to stay bearish in the face of the rally in equities. + +Fund managers who went to cash when the pandemic broke out have been forced back in to stocks, pushing measures of positioning toward historical highs. Wall Street forecasters, some of whom threw up their hands in surrender four months ago, are pushing up targets each day. Even Goldman Sachs Group Inc., which once warned that bad loans and falling dividends could drive a second leg of the bear market, now sees another 6% of upside in the S&P 500. + + +While testament to the career pressure missing a $12 trillion rally creates, the unanimity has become one of the biggest risk factors in markets right now, with positions getting crowded as everyone is forced to buy. A custom gauge of sentiment compiled by Citigroup Inc. showed “euphoria” just hit the highest level since the dot-com era. + +“While a new all-time closing high would certainly be encouraging, it’s not always the pedal to the metal trade that it would seem,” said Jonathan Krinsky, chief market technician at Bay Crest Partners. “There is lot of optimism out there, which often makes breakouts harder to sustain.” + +Fear of missing out gave birth to the rally and now it’s downright rampant after stocks staged a powerful rebound from the fastest bear market ever. Up more than 50% in less six months, the S&P 500 is poised for the quickest recovery on record. The index rose to as high as 3,395.06 Tuesday, surpassing its prior intraday record reached in February, before trading little changed on the day. + + +Money managers are embracing the equity rally after cutting their exposure to historically low levels during the downdraft, according to a survey by the National Association of Active Investment Managers. The group’s exposure index, tracking investment advisers from 200 firms overseeing more than $30 billion, has risen to a two-year high. Even the most bearish respondents are 50% long equities, something not seen since late 2017. + + +“Takeaways from discussions with institutional investors indicate significant comfort with central banks’ willingness to keep rates low for an extended period,” Tobias Levkovich, chief U.S. equity strategist at Citigroup, wrote in a note last week. “This is a marked shift from commentary heard a month or two ago and reflects both complacent/ebullient investor sentiment and a sense of rationalization for the relentless bull run.” + +Wall Street strategists, who rushed to cut price targets for the S&P 500 during the March selloff, are now trying to catch up with a rally that has defied most of their predictions. More than half of the strategists tracked by Bloomberg have raised their projections since June, when their projections were way below the market. + + +The latest skeptic giving in is Goldman’s David Kostin, who boosted his 2020 target by 20% to 3,600, the most bullish among peers. The call ended his months of skepticism over the market’s resilience, including a warning in May that the S&P 500 would probably drop to 2,400 over the next three months. Like the others, Kostin’s bullish case is centered around near record-low interest rates. + +“Share prices reflect not just the expected future stream of earnings but also the rate at which the profits are discounted to present value,” Kostin wrote in a note. “A plunging risk-free rate partially explains why equities have performed so well despite downward revisions to expected earnings.” + + +As stocks keep rising and turbulence subsides, demand from computer-driven investors who buy and sell stocks on momentum or volatility signals, is also returning. At Deutsche Bank AG, strategists including Binky Chadha aggregated positioning among stock pickers and quant funds, and found their overall exposure has increased to a one-year high. + + +Fund positioning tends to show an inverse relationship with future market returns, Deutsche Bank study shows. That is, the more bullish fund managers are, the poorer the market performs in coming coming months. While the current reading still signals positive market returns, with gains averaging 1% over the next month, it also points to one third of chances to go negative. + +So much faith is put in the Federal Reserve that investors are willing to pay up for earnings that’s estimated to drop 20% this year. At 26 times forecast profits, the S&P 500 was traded at the most expensive level in two decades. To Peter Cecchini, founder of AlphaOmega Advisors LLC, all the index’s gains above 3,000 are unjustified. + +“The equity markets are now like an old elevator way over capacity,” said Cecchini. “It’s just a matter of time before the cable snaps and its passengers end up in the basement. That’s where the Fed will be waiting.” +Ok, girls, I have an explanation why short interest is reported to have fallen when in fact it has not. Its not data faking, its hedge funds hedging their shorts with calls and puts. Let me explain. + +Gary Black is a guy to follow. Not always follow his advice or take everything for granted, but he gives a good insight into how hedge funds think: https://mobile.twitter.com/garyblack00/status/1356253412103512065 + +Gary has the opinion, that short sellers have hedged their short position by buying ATM calls and selling ATM puts that match the share count of its short. Ok, so lets run through this scenario: + +1. Before expiration, the fund doesnt do anything, he has to pay the daily fee of the short interest on his shares and he loses value on his call as well as gains value on his put (because he sold it). This can draw out the short squeeze by month! +2. At expiration, if the share price is above purchase price, he can exercise the call, return the shares and the put expires worthless so he keeps the premium. +3. If the share price goes down, the call expires worthless but he buys shares with the put and returns these shares to close his short position. + +In scenario 1, the short interest stays the same as nothing happens. But I can totally see the statistics to **reduce the reported short position because it is fully hedged!** In scenario 2, the call seller has to find the shares on the market. In scenario 3 its the same, but this time the put buyer has to find the shares. + +**IN ALL 3 SCENARIOS, THE SHORT INTEREST STAYS THE SAME BUT THE REPORTED SHORT INTEREST GOES DOWN BECAUSE ITS SHOVED UNDER THE RUG OF THE OPTIONS TRADERS.** + +Which means, the statistics might be correct, but the true short interest is still the same as before! **THE SHORTS ARE NOT OFF THE HOOK!** + +No investment advice you monkeys! We have the shorts by the balls until they turn blue and fall off! + +Position: $GME at $19 and HOLDING! + + +Tony Stark the only real SuperHERO is here, and it's here to pump your bag to the moon. + +Based dev created this token for the community and we have taken it upon ourselves to take this bad boy to the moon. + +The tokenonomics are perfect for the pump, LP is burnt so its rug proof, holders are well distributed so there's no risk of a big dump.. there's anti whale mechanism to prevent big buys of supply. you know how these things can go, if the right channel and the right people get a whiff of this we can see 3mil to 30mil marketcap in a matter of days. + +Tony Stark features: + +· 7% fee auto add to the liquidity pool to locked forever when selling + +· 3% fee auto distribute to all holders + +· 40% Supply is burned at start. + +· antiwhale system every buy and sell + +· Black hole that burns TonyStark on every tx + 10% team token (for different marketing purposes and eventual listing fees) and after that we will burn the LP and renounce Ownership + +🚨 **Where is the contract ?** + +https://bscscan.com/token/0xc1404cb94f6dd1fcfe5b601c035f2611740437b3 + +🥞 BUY ON Pancakeswap: + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xc1404cb94f6dd1fcfe5b601c035f2611740437b3](https://exchange.pancakeswap.finance/%23/swap?outputCurrency=0xc1404cb94f6dd1fcfe5b601c035f2611740437b3) +This question was verbatim asked in /r/askphilosophy, and I'm interested in seeing how it's responded to by this field compared to the other, even if you all know relatively little about the inclusivity of philosophy departments. Rather, why does the mainstream rarely, if at all discuss Marxian thought? +I teach social studies and this year, I was given an economics elective. Teaching this is very new to me. We are doing supply and demand and my students are VERY confused. I feel I am failing them because there is really only one way that I can explain things. I have two questions. + +Here are two examples of questions: + +1. *"In a small-town store, shoppers can choose between vanilla ice cream and chocolate ice cream. Everybody likes both equally, so they will buy what is cheapest. The price of chocolate ice cream has recently doubled, making vanilla ice cream much cheaper."* +2. *"As a result of the recession, numerous shopping malls have shut down, dramatically reducing the number of seller of clothing."* + +In the first example, demand will increase and supply will stay the same. However, my students CAN NOT understand why supply does not shift here. + +In the second, supply should decrease and demand should stay the same. Again, they cannot understand why a decrease in supply would not change demand with it. + +I believe the whole "change in supply/demand" vs "change in quantity supplied/demanded" is really tripping them up. Can someone help me explain this to them? +Not sure if this is the right place for this question, but I'm thinking about majoring in either standard econ or a math and stat oriented econ. Anyway, I have no desire to become a professor or work for government. What opportunities are there in the private sector? What about specifically on Wall Street (for example, what would an economist do at an investment bank/hedge fund/ private equity firm)? What sort of salaries can be expected in the private sector, and are they lower or higher than in government/academia? +To what degree is college signaling? + +What portion of people are working a job that actually requires specifically what they learned in college? + +Is there evidence that once you control for all relevant factors related to the actual person, what university you get a degree from doesn't matter very much? +Hi, all-- + +Sorry if I make any errors in posting. I'm working on some research (PhD candidate, Political Science/International Relations) and I am finding myself lacking the vocabulary necessary to formulate my argument. I'm hoping posting here can help me identify the concepts I'm skirting, and/or just help clarify my logic where it may be off. + +Thanks in advance, but please be patient/gentle--I'm not an economics, even a little bit. :) Here goes, and I'm sorry for not knowing how specific to be: + +There's an argument out there that I want to push back against. It says that powerful states colluded to create a cartel and imposed it as a means of resolving a coordination game. While I think the mechanism created did indeed solve a coordination game, it was *not* in my opinion a market conducive to cartelization, nor were the actors involved capable or interested in imposing something like a cartel on others. I think instead that the organization in question was doing *something else* (and I'm trying to figure out what the right economics-adjacent term is), primarily reaching an informal agreement to allow actors to credibly commit to not undercutting each other. + +I can give more information as needed, but in general I'm looking for: + +* What types of concepts might be used to explain the resolution of a coordination game that aren't cartel formation, since I really don't think this case is explained by the imposition of a cartel +* Adding to the above, the case in question is one in which the agreement was informal, non-binding, with no treaty or reciprocity mechanism +* My PI has suggested I look into some specific concepts like "focal point" and/or "selective incentives" but I fear he may be shooting from the hip as I quickly get lost when trying to google these terms. If these terms make sense for what I seem to be asking about, please help me make sense of what those are doing in a case like what I'm talking about. + +Thanks in advance. Even just telling me where I need to look further would be helpful; as you can see I'm not even really sure what I need to be asking, but I want to learn more. +What are some countries whose economic performance has diverged over the years and are worth learning about? Haiti and the Dominican Republic come to mind as they had a similar GDP per capita in 1950, but are vastly different nowadays. What are some other good comparisons you can think of? Thanks! +Ahhhhh. The smell of shorts in the morning. Takes me back to ‘nam and napalm. Don’t worry kids, this is all apart of the fun. It’s just not time to lift off yet. + +*update because this is getting a little attention. I 100% am using the term “synthetic” loosely. This is just to stress that it’s not people selling. +On this day last year Ethereum traded at $130. Signalling for BIP91 began this week & uncertainty around the Bitcoin Segwit2x Hardfork loomed. Funny how much has happened in only the 12 months! + +https://i.redd.it/pz60jsam91a11.png +Currently spending $60 per month on the gym, would love to hear what everyone else is spending or thinks is a reasonable price? + +*thanks for all the comments and insight into what everyone is paying for their fitness memberships!* +Hey everyone. First time poster so sorry if the formatting or anything seems off. + +I’m getting married in December. My fiancé comes from a wealthier family and I found out we’ll be receiving a rather sizable gift from her grandparents of $500k. I’ve had to grind my entire life and have never received anything near that amount of money, but I’m definitely not complaining. + +Currently, we still rent a home and have minimal debt with savings and portfolios of our own. With this would you: + +A. Buy a home all cash and use remaining funds to invest? + +B. Use only a portion for a down payment and invest the remaining? + +I’d ideally like to invest in something that will be consistent growth into our retirement, with a portion of it going into a 529 plan for our future kids. + +Thanks for your help and time! +I understand the concept, but its incredibly difficult to find the numbers behind the estimates etc, the actual Kwh values, instead we get reports that focus on some mythical "average" household and throws out numbers like £3200 etc. + +I understand that they want to make it seem more applicable, but its almost impossible to find a single new article that actually details the kwH value, even on ofgems own website, whats that about? +Hi I am looking for some advice for my mom here. She has 8 stock certificates from IBM that her father purchased for her in the 70’s. I went though and check the stock splits etc for each cause they were purchased through an employee stock plan at the time and they should be split into 164 shares now. She contacted IBM and they said they didn’t qualify for stock splits, but she mentioned the guy didn’t seem to know what he was talking about. Anyway, how does she go about getting the correct amount of stocks now in digital form? Is she owed the divided for all these splits? She has only been paid the divided for the 8 shares, and is she due interest on the past dividends they never paid her? Thanks for any advice. +Before we get into this, I wanted to point out some facts to save myself time (since I'm at work): + +- We have a family business that makes 350k a year. +- My father is the sole person in charge for all of it. +- I manage the business and create all the growth and do the behind the scenes work. +- I'm 22 years old and I started working for my father when I was 18. I own zero stake in the company. +- I get paid $670 every two weeks for my work by my father. +- Me, my sister, my grandma, and my mother all live in the same house as him. +- My mom makes an additional 40k after tax a year from her own company (gutter cleaning company) but gives it to him since he pays all the bills. +- We are also caretakers for my grandma and makes about 30k a year from that as well. +- We live WELL within our means. 200k mortgage (15 years in), house is worth 400k now, maybe 10k in debt in other things. 2 car loans (but they are leases). My father took out a line of credit for the extra equity on the home.. that's about 200k he has to "play" with which is fucking scary to think about. +- It's a financial problem because our debt to income ratio is completely fucked (I just know it, I've seen some of the statement my mother took earlier and opened it before he saw it). + +EDIT: One other thing is; I DID start my own company (licensed and insured of course) to prevent anything bad happening over 5 months ago after learning of my Dad's habits, and I've been just throwing my mother all the jobs I've been getting and she's extremely happy about it and has no idea it's me working from the shadows. *Only positive part of this post anyway*. I took her house cleaning/gutter company, re-branded it, made a super nice website with online presence and hope that if anything were to happen, I could use that and maybe with hard work get it big enough to be able to secure my family if my father wont. Currently working on SEO's and Adwords campaigns learning the ins and outs so I'm not ALL the way out... but I currently make 0 dollars from the company. + +Yesterday, after many scares/worries my mother caught him gambling at a Casino. God knows how much he has spent over the last 6-7 years. He goes out every single weekend to hang with "friends" but we think it's just him gambling. This is NOT the first time we caught him. I personally caught him when we went to Vegas to "scout out new locations for our business". What actually happened? He left at 5pm and didn't come back til 8am the next morning from gambling. According to my mom, we have 0 savings. We have a few thousand here and there for bills/employees but that's it. + +My mother knew my father was always a gambler, and while she ignored the reality of it for a few years now.. She's sold on the fact that he's been doing it all along hence why we never had any savings. + +I'm in a huge dilemma. I live fine as it is. I make more than minimum wage. My father has promised me the company when I am 25 years old. I don't feel the financial stress my father brings by gambling but it's tearing my family apart. + +We have earned over 2 million in the last 6 years. We have 0 savings. My father is a gambling addict who owns everything in this family. Probably gambles away 15-20k a month or whatevers left after bills. I don't know what to do. He is stubborn and said to all of us "I'm the one that built this so I'm going to do whatever I want, who are you to judge since you guys all live fine don't you?" + +I'm at work right now, and the thought of all of this work going to waste just has me so fucking mad I can't even put it into words. I spend so much time and effort into growing the company I just dont know what to do. + +Do I hold out for dear life and continue through this and work my ass off as I always have been learning the tools of the trade while living rent-free/debt free.. or do I move out, start paying rent.. leave it in the hands of my father 100% who honestly doesn't run it anywhere near as good as I do.. Hate to admit it. and struggle financially for god knows how long. I have very little savings. No credit card. No credit. + +tldr; My dad who is the head of everything in the family and has his name on all of our belongings, wastes all his money gambling it away instead of spreading the wealth/buying a new house/making more money = investing. I was promised the business when I was younger and love the idea since I'm know it 100% in and out and could manage it by myself with ease (just giving my dad 20% of net each month for his things when it's all said and done). Now I'm more worried about my whole FAMILY. We all will suffer if shit hits the fan.. what the hell do we do? My mom is crying to me on the phone now and I don't know what to tell her. Is there a way out? My mother is also co-signed for almost everything and if this all comes crumbling down.. She'll end up on the streets along with my sister, me and my grandma. + + +EDIT: I appreciate the help so far and I know it seems like a "relationships" kind of post. + +But what do I do? I am in the will for the company at 25. I don't have ANY credit. After reading all the stuff about gambling and co-signing, I'm scared to even try to get a co-sign with my father for anything. I make enough for me, but not enough to live alone at the moment. I'm concerned for the family of course, but don't know which road I should go down financially. Do I cut ties and potentially lose a thriving business (which was asked.. has about 10 percent GROWTH every year) and start from 0.. or hold out and hope he doesn't sink "the whole ship" as someone here said. Can my mother do anything with a lawyer to stop the spending? + + +Most vets are pretty bad at personal finance (we apparently think an average student loan debt of $170K and a starting salary of 60K is a good idea..) but as I lurk here quite a bit I've seen a few posts with questions about veterinary bills, insurance, etc so I thought I'd share some of my thoughts from behind the scenes. + + +First off, yes, veterinary bills are expensive. Do bear in mind that vets are actually expected to provide modern medicine at a fraction of the cost of human medicine, even when the procedures are the same or similar. + + +That being said, part of the reason that veterinary bills aren't more marked up is that the vast majority of the time, payment is expected at time of service. Routinely you will be asked to leave a deposit of 50% of the estimate if you are hospitalizing your pet, and then pay the rest when h/she is discharged. I hear this advice tossed around here a lot, "Ask for a **payment plan**. Most vets do payment plans". I have worked at practices in four states and I have never seen a vet clinic that routinely offered payment plans. + + +The truth is that many vet clinics are small businesses that are not set up to offer payment plans. If they didn't get paid, they couldn't keep their doors open. They would need whole separate staff to administer payment plans, plus eat the cost of clients who bailed on their payments. This would likely drive up costs for the rest of the clients. Other clinics belong to a few nationwide corporations, and they've probably even stricter about not offering plans as a part of corporate policy. The few times I've seen payment plans were exceptions for trusted long-term clients, or a few cases that slipped through the cracks and we didn't have any other option. + + +There are **wellness plans**, which are a completely different animal and do not address medical care for sick pets. + + +The exception is that the vast majority of clinics do accept **CareCredit** and highly encourage you to apply for it in case of emergency. You do need to have decent credit to qualify. If you don't qualify on your own, consider co-applying with a parent or family member. Make sure to pay your Carecredit bill in full before the promotional interest-free term is up, (there is no penalty for early payment), or you will be charged interest backdated to the beginning of the loan, which is awful. + + +What about **pet insurance**? There are a lot of pet insurance companies out there, some with good plans, others not so good. I would say that if you have between $3000-5000 in an emergency fund specifically for your pet, then you most likely do not need insurance. Some of my clients have "lucked out" in the sense that they got insurance for their dog when he/she was a healthy puppy, and then developed some sort of chronic condition that needs multiple tests, follow-up tests, medication, etc, and they submit all of those claims to insurance. I have heard good things about Trupanion, which generally pays out 70-90%. I've heard that Pet's Best provides excellent coverage - 100% after a deductible, but has expensive premiums. In general, though, you will most likely pay more for insurance than you will get out of it. I prefer the $3-5000K emergency fund - that should cover most serious illnesses, emergencies, and surgery (you may need to adjust this upwards if you are in an expensive COL city). Anything above that and you are probably in referral/specialty territory and may need to explore other options. + + +So what are your other **options**? If you are looking at an expensive vet bill that you can't afford to incur, you should always ask your vet if there are other options. We are very used to getting this question. There are a few exemptions where there really only is one treatment, and it is a matter of life and death. Generally speaking though, if a client tells us they have financial concerns/constraints, we will try to put together an alternative plan, either one that foregoes some of the diagnostic tests and relies on empirical treatments, or a less intensive treatment plan that still has a reasonable chance of success (outpatient treatment vs hospitalization, for example). If you are at an emergency/specialty center, you will most likely be able to get a less expensive option at a general practice / regular vet if it is appropriate and can wait. If your vet won't give you another option, feel free to seek a second opinion. + + +One of my vet school interview questions actually asked me what I would do with a patient who has been hit by a car and has a broken leg, if the owner doesn't have money. This is for illustration purposes, but can be adapted to other situations. What I would say is: + + +1) ideally, getting the leg fixed by a surgeon + + +2) if that's not an option, amputation of the leg is much less expensive and can be performed by most general practitioners + + +3) if that's not an option, consider surrendering your pet. Some humane societies/animal shelters, depending on their resources, will take in pets with injuries or conditions that can be treated if they will still be adoptable pets with a good quality of life. Everywhere I have worked, almost all the doctors and nurses have at least one pet that they got in a situation like this. Sometimes they have connections with rescue groups as well. + + +4) humane euthanasia. I love pets. I think they're family. But do I think that only people with $3-5K to drop on their dog should be allowed to have pets? No. Shit happens. There are lots of dogs and cats that live their whole lives without anything major happening; I only have to see them for routine vaccines. But if something terrible does happen, sometimes euthanasia is the best or our only option. We can take comfort in the fact that we gave a pet a good, loving home, and prevented them from needless suffering and neglect. + + +So on from that depressing topic. What are some things you can do at home to make sure your pet is the healthiest and avoids many preventable vet bills? + +**Preventative health care** + + +1) Keep your pet at a healthy body weight. If you think your pet might be fat, they probably are. More helpfully, here is a body condition chart for cats: https://www.wsava.org/sites/default/files/Body%20condition%20score%20chart%20cats.pdf +and dogs: https://www.wsava.org/sites/default/files/Body%20condition%20score%20chart%20dogs.pdf + + +Keeping them lean is about 99.9% diet.. I've heard so many times this winter, "Oh well he's fat because of the weather, we aren't walking as much". Then reduce his meal portions accordingly! This actually costs *less* money. Can't say the same for any other medical treatment/advice. It doesn't matter how much exercise your dog gets if there's a never ending bowl of food available for him. I recommend feeding two portioned meals a day. Preventing obesity reduces the risk of musculoskeletal injury, arthritis, diabetes, cancer, urinary tract problems etc. + + +2) Brush your dog's teeth! Especially if they are a smaller breed, or one of the poster children for bad teeth: dachshunds, chihuahuas, yorkies.. Bigger dogs seem to get away with less dental care, whether it's because their teeth fit better in their jaws, genetics or that they usually enjoy chewing on things that mechanically cleans their teeth. Either way, I recommend at least regularly examining your dogs teeth, especially the ones in the back. Daily (or at the very least every other day) toothbrushing is the most effective way to prevent plaque and tartar buildup, and save thousands in dental bills over the course of your dog's life. + + +Edit: yes, you should also brush your cat's teeth, if possible. Probably best to start when they're young! + + +If you don't have a pet yet, seriously consider rescuing rather than buying. Purebred dogs are incredibly overpriced and a lot of them tend to have health problems that mixed breeds don't. Purebred dogs from puppy mills/pet stores are the worst: birth defects from inbreeding, parasites, infections, etc.. If you have your heart set on a puppy, shelters regularly have puppies up for adoption, and will have already been fixed, which saves you a $300-500 surgery, and had a bunch of vaccines. If you have your heart set on a purebred, do research what their common health problems are and make sure you are equipped to deal with them. + + + +Second edit: another money saver: it's always fine to ask for a written prescription for your pet's medications, or ask to have it called in to a human pharmacy if sold there. you can check certain websites to see what the prices of the medication would be. If the med isn't listed, it's probably a veterinary-only drug that must be sold through the vet. As far as online pharmacies, I have mixed feelings about them. They are not necessarily subject to the same regulations as brick and mortar pharmacies. Their products may not be covered by the manufacturer's guarantee. Some of the products we've seen on there -- their manufacturers actually only sell direct to veterinarians, so those products are either stolen or counterfeit. I have no problem with saving clients money by writing prescriptions to be filled elsewhere, but I am a little leery of the online ones. +So, I bought a small sum of blackberry (about 4% of my investment portfolio) in August at 6.55. I bought it because of a lot research that amalgamated in "I think this company is not dead, may return to profitiability, and is therefore undervalued". I sort of expected to hold it for a few years and see what happened with the possibility of it maybe turning into a multi-bagger, but also at peace with the fact the money might waste away to nothing. + +Today it popped, in large part due to what I can only describe as a pump and dump scheme created by the Robinhood investors over at /r/wallstreetbets and all other corners of the internet. Anyone who pays attention to this stuff is likely familiar with the fact that this year, many companies that allegedly have no value have popped (and subsequently deflated) due to what is nothing more than really social media and forum campaigning (Hertz comes to mind). + +What do I do? My theory is that this newly minted price is entirely artificial. However, I still do believe in the company and WANT it in my portfolio longterm. I'm considering selling ASAP with the idea that eventually these types of price explosions always correct at some point, and re-buying to keep some of this profit, but I know you can't time the market. Curious if anyone else is in my situation and has their own thoughts. + +Mods can remove if this falls under the category of general discussion, but I think this qualifies for it's own post only because this is an unusual situation. +The day before the charges appeared I used my debit card since I didnt have my CC on me. I rarely use my debit card. It wasnt at a sketchy place (it was at trader joes. i did debit+pin which i now realize is a mistake) but the timing is really suspicious. I have no proof that this was where it was compromised though, but i hadnt used the card in 1 month at least. + +I dont know what to do. I remember when I called my bank the guy on the line said he never sees people win claims when the thieves have the pin. The implication was that the pin is 100% not hackable so any breach is my fault. He asked me if I had it written on the card, etc. + +BoA investigated and concluded "no error" and "the claim was authorized". + +I called Citibank, whose atm was used for the fraud. They couldnt tell me anything at all, since I do not have an account with them. + +Also, i filed a police report in my jurisdiction, not where it happened + +What blows my mind is that this is a digital transaction in the age of infinite data. I have the time to the second and and the atm at which it happened. And no one can tell me the account to which it went. + +Either bank basically said to contact the other one. + +Edit: it was not a cash withdrawal. someone paid their cc with a spoof of my debit card at an atm. (the transaction said citibank- credit card payment) thats why i cant believe they cant reverse the transaction. + +Also, i called the bank the day it showed up, due to a Mint alert. They told me it was pending and i had to let it go through and then file a claim. I did that. +Interested in additional methods to make money while not promoting “hustle culture”, I’d love to see some side jobs/gigs that AusFinance do on the side to bring in extra money. +^^^ check this flair before commenting. + +Alright, friendos. I had to do some research into MGGA, aka RC’s Latest Tweet. And what I found will *SHOCK* you. + +Step 1.) Google. + +What is MGGA? A few things came up, Montana Grain Growers Association, Montana Grape Growers Association, a bunch of shit, really. But then I found it. + +Step 2.) Wikipedia. + +I delved into the archives of knowledge from our Gods Wikipedia. There it was, in plain, easy-for-ape-to-confuse vocabulary, “Mannosylglucosyl-3-phosphoglycerate synthase” aka MGGA. So I read and what do I find? + +Step 3.) Catalyst. + +In the very first paragraph, it is stated “This enzyme CATALYSES the following chemical reactions…” + +There’s that word, meesa palos. Catalyses. MOASS tomorrow. + +SOURCES: + +Wikipedia - https://en.m.wikipedia.org/wiki/Mannosylglucosyl-3-phosphoglycerate_synthase + +Me + +Myself + +I + +Special thanks to: + +Harambe + +Ryan Cohen + +DFV + +RC Cola + +EDIT: Please don’t hurt me, guys. It’s just a shit post. +^^^ check this flair before commenting. + +Alright, friendos. I had to do some research into MGGA, aka RC’s Latest Tweet. And what I found will *SHOCK* you. + +Step 1.) Google. + +What is MGGA? A few things came up, Montana Grain Growers Association, Montana Grape Growers Association, a bunch of shit, really. But then I found it. + +Step 2.) Wikipedia. + +I delved into the archives of knowledge from our Gods Wikipedia. There it was, in plain, easy-for-ape-to-confuse vocabulary, “Mannosylglucosyl-3-phosphoglycerate synthase” aka MGGA. So I read and what do I find? + +Step 3.) Catalyst. + +In the very first paragraph, it is stated “This enzyme CATALYSES the following chemical reactions…” + +There’s that word, meesa palos. Catalyses. MOASS tomorrow. + +SOURCES: + +Wikipedia - https://en.m.wikipedia.org/wiki/Mannosylglucosyl-3-phosphoglycerate_synthase + +Me + +Myself + +I + +Special thanks to: + +Harambe + +Ryan Cohen + +DFV + +RC Cola + +EDIT: Please don’t hurt me, guys. It’s just a shit post. +^^^ check this flair before commenting. + +Alright, friendos. I had to do some research into MGGA, aka RC’s Latest Tweet. And what I found will *SHOCK* you. + +Step 1.) Google. + +What is MGGA? A few things came up, Montana Grain Growers Association, Montana Grape Growers Association, a bunch of shit, really. But then I found it. + +Step 2.) Wikipedia. + +I delved into the archives of knowledge from our Gods Wikipedia. There it was, in plain, easy-for-ape-to-confuse vocabulary, “Mannosylglucosyl-3-phosphoglycerate synthase” aka MGGA. So I read and what do I find? + +Step 3.) Catalyst. + +In the very first paragraph, it is stated “This enzyme CATALYSES the following chemical reactions…” + +There’s that word, meesa palos. Catalyses. MOASS tomorrow. + +SOURCES: + +Wikipedia - https://en.m.wikipedia.org/wiki/Mannosylglucosyl-3-phosphoglycerate_synthase + +Me + +Myself + +I + +Special thanks to: + +Harambe + +Ryan Cohen + +DFV + +RC Cola + +EDIT: Please don’t hurt me, guys. It’s just a shit post. +How do do you think about money differently, if at all? + +How has your spending changed? More holidays and midlife crisis buys? + +Has this changed your financial goals? If so, what’s next? + +Thanks! +During an in person meeting with an estate lawyer a month ago, I was requested to give them a physical check before leaving to settle our account, which I handed directly to the lawyer. A couple of days ago, they sent an invoice for the same amount. They say they have no record of the payment, but the check I physically handled them has been cashed. I sent them my proof of this, which includes the images of the endorsed check provided by my bank. + +&#x200B; + +I am nervous that they will still provide pushback even with these images, as we are planning on buying a house in the next three months or so and can't afford the credit ding if they come after us in collections, but we do not want to give them additional $. If they lost the check, is it their problem, and we can use these images to quickly clear up any collections attempts, or ours, and we have to issue a new payment and fight with the bank to get the other one back (when, in fact, it will likely show that it was cashed to the person the check is made out to, and thus not fraud)? +Fellow Hodlers, + +I sold my stack last night. + +I do not post much, but I have been around since January, and in Febuary I made my first purchase of ETH after a month of reading /r/Ethtrader, and had to wait a couple months before my account would let me post in the subreddit. I have been hodling my stack without selling/trading a single ETH since; through all the ups and downs. + +I just want to thank all of you who have been here during my time as a hodlr. A couple days ago I mentioned in the Daily that I have accumulated enough of a sizeable downpayment to begin building a house and was not sure whether to take the money and run, or continue hodling. I gained a lot of perspective from the users that commented on my post. + +Last night after watching another “flash crash” I decided it was time to sell my entire stack. If I didn’t need the entire stack, I would have only sold the percentage that I needed to, but unforrtunatly it required me to sell everything. I know I will regret this in the long run (and short term as well). There are a lot of users that I looked up to during my time obsessing over the price and reading the daily every moment of the day. + +I have made more money with you guys, and girl, than I would have imagined possible from the start. I am happy with my decision, and hope to be back hodling ETH within the year or whenever financially responsible. I am currently waiting for the Gemini wire transfer to deposit. I hope I am not “counting my chickens before they hatch”. + +I loved getting rich (in my perspective) with you all. I have uninstalled Coinbase & Blockfolio, in an effort to not keep up with the price to make me regret this decision, even though I know it’s inevitable that ETH will moon. I may still read in the Daily, because no one that says they will stop can actually stop.  + +TLDR; Sold my entire stack, thank you all for the knoweldge and advice, I made more money than I imagined, I will continue to read the Daily. + + +Fellow Hodlers, + +I sold my stack last night. + +I do not post much, but I have been around since January, and in Febuary I made my first purchase of ETH after a month of reading /r/Ethtrader, and had to wait a couple months before my account would let me post in the subreddit. I have been hodling my stack without selling/trading a single ETH since; through all the ups and downs. + +I just want to thank all of you who have been here during my time as a hodlr. A couple days ago I mentioned in the Daily that I have accumulated enough of a sizeable downpayment to begin building a house and was not sure whether to take the money and run, or continue hodling. I gained a lot of perspective from the users that commented on my post. + +Last night after watching another “flash crash” I decided it was time to sell my entire stack. If I didn’t need the entire stack, I would have only sold the percentage that I needed to, but unforrtunatly it required me to sell everything. I know I will regret this in the long run (and short term as well). There are a lot of users that I looked up to during my time obsessing over the price and reading the daily every moment of the day. + +I have made more money with you guys, and girl, than I would have imagined possible from the start. I am happy with my decision, and hope to be back hodling ETH within the year or whenever financially responsible. I am currently waiting for the Gemini wire transfer to deposit. I hope I am not “counting my chickens before they hatch”. + +I loved getting rich (in my perspective) with you all. I have uninstalled Coinbase & Blockfolio, in an effort to not keep up with the price to make me regret this decision, even though I know it’s inevitable that ETH will moon. I may still read in the Daily, because no one that says they will stop can actually stop.  + +TLDR; Sold my entire stack, thank you all for the knoweldge and advice, I made more money than I imagined, I will continue to read the Daily. + + +Bit of an interesting policy the Liberals have announced at their campaign launch. + +What's everyone's thoughts on this? + +Edit: UPDATE- Labor has announced they will match this policy, so it looks like it will be happening. +Hello fellow apes, + +&#x200B; + +OCC (Office of Comptroller of Currency) released their new report on the 16/09/2021. + +[Quarterly Report on Bank Trading and Derivatives Activities](https://occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr2-2021.pdf) + +&#x200B; + +Exact TL;DR; from OCC: + +>The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and savings associations of $8.1 billion in the second quarter of 2021. The second quarter trading revenue was $2.4 billion, or 22.9 percent, less than the previous quarter. +> +>In the report, *Quarterly Report on Bank Trading and Derivatives Activities*, the OCC noted that trading revenue in second quarter 2021 decreased by 40.9 percent compared with the $13.6 billion reported in second quarter 2020. +> +>The OCC reported that: + +* while four large banks held 88.7 percent of the total banking industry notional amount of derivatives, a total of 1,372 insured U.S. national and state commercial banks and savings associations held derivatives at the end of second quarter 2021. +* derivative contracts remained concentrated in interest rate products, which represented 72.6 percent of total derivative notional amounts. +* the percentage of **centrally cleared derivatives transactions increased quarter-over-quarter** to 39.5 percent in second quarter 2021. + +&#x200B; + +Cleared transaction definition: + +>is the procedure by which financial trades settle; that is, the correct and timely transfer of funds to the seller and [securities](https://www.investopedia.com/terms/s/security.asp) to the buyer. + +&#x200B; + +So, it looks like 40% of all derivatives in Q2-2021 was set to be settled. That's pretty significant. + +&#x200B; + +It looks like the banks have it well in the Q2 with only $441B of Credit Exposure, compared to peak of 2008 of $804B. + +[Net Current Credit Exposure \($B\)](https://preview.redd.it/xmyapr4t02p71.png?width=1496&format=png&auto=webp&s=caa46494f9c893d60247eb124c28342a52bc84ab) + +>Collateral held against hedge fund exposures increased in the second quarter +to 514.0 percent. Bank exposures to hedge funds are secured because banks take initial margin +on transactions with hedge funds, in addition to fully securing any current credit exposure. +Collateral coverage of corporate and sovereign exposures is much less than coverage of financial +institutions and hedge funds. + +No bank will mis-allocate any money, but having an increase to 514% against hedge fund exposure just proves how much the hedge funds have been gambling. + +&#x200B; + +[Fair Value Collateral \(&#37;\)](https://preview.redd.it/bc69ifsc12p71.png?width=1558&format=png&auto=webp&s=6d27e2be3065e18205e50c0d8189986ba93ba197) + +Banks increased their Hedge funds collateral exposure by 24% QoQ. + +&#x200B; + +[Value-at-Risk \($MM\)](https://preview.redd.it/yf210pk6z1p71.png?width=1502&format=png&auto=webp&s=9ab30725726e36f3ac707b8016b4d54ec9a3c6bd) + +So, JPM Chase, has halved their assets for VaR, however other banks have it increased significantly - GS taking the top position as usual. + +&#x200B; + +Now, to the metrics themselves. + +[Derivatives Notional Amounts](https://preview.redd.it/9mwex3kv12p71.png?width=1550&format=png&auto=webp&s=016be0512f24dedc2bf9987a4a8c7184e96e90a6) + +Looks like QoQ, the banks have decided to reduce their exposure by 2.9% on derivatives (or $5.5T). + +[Credit Derivatives Composition \($B\)](https://preview.redd.it/ltdnfas222p71.png?width=1526&format=png&auto=webp&s=32f8c43c79c632d3aa463e7d6a36595afb94a756) + +The notional amounts of credit derivatives decreased $255.0 billion (7.6 percent), to $3.1 trillion, +in the second quarter of 2021. + +But, holy shit - I think we were right on the TRS. + +[Derivatives Contracts by Product](https://preview.redd.it/dx8vqw2l22p71.png?width=2338&format=png&auto=webp&s=b00a0edaf912ab34cd97a83993928774be98bdab) + +There is an increase of Total Swaps from Q4-2020 to Q1-2021 by approximately $8T. And decreasing $3T QoQ to Q2-2021. + +&#x200B; + +Here are some fun values: + +[Distribution of Derivative Contracts](https://preview.redd.it/te2s95ad32p71.png?width=2414&format=png&auto=webp&s=3f47ea1dcea9773564a610767ae0e63d57e867a4) + +Goldman Sachs is still holding at 175:1 leverage. + +&#x200B; + +[Q2-2021 Trading Revenues](https://preview.redd.it/8y0xpbp242p71.png?width=2392&format=png&auto=webp&s=1aecab556f459eec3a30f0a2039080df7e319307) + +&#x200B; + +[Q1-2021 Trading Revenues](https://preview.redd.it/y222htf542p71.png?width=2552&format=png&auto=webp&s=51f41285ec95a826c2ef26dc7762bd1830370b14) + +In Q1-2021, Goldman has losses of $1.8B from Interest Rates and in Q2-2021, they had losses of $1.2B from their exchange rates positions. +As a value investor, I use screener and money control for getting numbers and then end up going to the annual report for companies that I'm interested in. I wish it was easier to find info about the companies' future plans though. Major investments etc without having to delve deep into news sources and reading every page of annual reports. What do you look for when investing? Is there anything on your wishlist that you'd like to see that is not easy to get currently? +My fellow ethhodlers - I made a similar comment in the daily discussion thread half an hour ago and a few of you wrote me in DMs that I should make an extra post so that more people see it. + +My opinion is that ETH can do everything that Bitcoin does and a lot more. Bitcoins plan was to be some kind of decentral internet money but since there are transaction fees >5$ it's sole purpose is to be a store of value. In my mind an asset which can lose 20% of it's value in an hour like yesterday is a pretty shitty store of value. At this moment bitcoins price is pure speculation, you can't use it for anything except speculation and I don't believe in its tech. + +ETHs price at the moment is speculation as well, we have to admit that. BUT the big difference is - there are already a few use cases out there, a lot of projects already started on the Ethereum Blockchain, big corporations are already looking for use cases for them and you can already write smart contracts on the ETH blockchain. This COULD change the world as we know it - Bitcoin would only be a new form of money. + +Bitcoin paved the way, we have to be thankful for that and now it's time for something with real world usage. I believe in ETH but I don't believe in BTC. If ETH crashes and never recovers I could live with it, at least I tried. But if I buy Bitcoin and it goes to zero I would ask myself why I was such a moron to invest in something i don't even think has a real-world-usage. Keep that in mind when you think about jumping the ship to the bitcoiners. +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. +EDIT: + +Thanks so much for all the responses. A few updates from today / things to make clear: + +- I don't think the neighbour is bullshitting or trying to pull one over on us; she's been very forthcoming about the fence, has shown us all of her plans, has also told us to contact a lawyer and our conveyancer and the real estate agent to find out wtf is going on on their end. We wouldn't have known a thing about this if she hadn't come over and told us + showed us her plans. +- Turns out the fence isn't being built just yet (thank god), so she's likely just telling us what the plans are so we can get prepared + find out our rights and so on so that we can make an agreement with her. +- I think the boundary was originally 30cm closer to our house, but the fence (at least 15-20 years old) was built closer to her side. I think the whole "boundary changing" thing is that she's agreeing to keep the new boundary and pay for more of the fence. I think based on adverse possession laws the land is technically ours anyhow. +- Part of the two-storey extension will indeed block some natural light; the wall may be favourable in the end, and may add to the aesthetic value of the house. The thing we are upset about is that the vendor apparently agreed to all of this and didn't tell us. **Not mad at the neighbour, mad at the vendor and real estate agent who apparently have a lot of communication about this and haven't passed it on.** + + +ORIGINAL: + +So. Just moved in to a house we bought back in January with a long settlement. Settled a month ago and moved in two weeks ago. + +Have met the new neighbour. She's told us that she's had a heap of discussion and complaints with vendor + real estate agent about issues with our fence, which was partially broken from tree roots on our side. Works done last year to try to fix it, trees removed, fence is pretty fucked, but not obvious to the naked eye (nor to our B+P inspector). + +This was never mentioned in the section 32, nor was any correspondence about this passed on via our real estate agent. + +Current fence is your standard ~2m tall wood fence. Neighbour wants to replace it with a 3m brick wall. Did some sort of a deal with our vendor which gave vendor about 30cm of extra land (done via council, not just some handshake agreement) in exchange for having a higher wall. From what we understand this was done during the settlement period. + +Wall is about to be built, there's a 3m support beam in place showing where it'll go, and looking at it seems like it will dramatically reduce the amount of light on our block (it's a small block, 7m x 40m). [Here's a photo](https://imgur.com/35SfGaP.jpg) + +For reference, the house is old (1940s) and cold. The only natural light comes via big windows along our north boundary, which is the boundary we share with the neighbour in question. The windows are about 1.5m from the boundary, and we're worried that a 3m high wall will mean we get next to no natural light during winter. + +This post is part vent, part advice; we've contacted our conveyancer about it to find out WTF is going on, neighbour has been extremely up-front, openly told us about it, is sending us all the correspondence she's had with vendor and real estate agents, including documents from council, building notices etc. + +This is pretty infuriating though. Seems like a pretty massive thing to just ... not tell the people buying your property. Am I being crazy, or is this a bit of a shit thing for the vendor to pull? +**Disclaimer:** I'm heavily simplifying a very complex topic for the sake of keeping this post brief. + +Folks, close your trading app. Take a deep breath. Relax. This is not the apocalypse. This is not the armageddon. + +Before I get into what's happening, here is a bit of perspective: Even with yesterday's selloff, NASDAQ ended at 13,533. I can't see what the index is like pre-market, but QQQ is down 1.35% as I write this. So let's assume it opens 13,350. + +That's still 280 points higher than the post-January selloff (low of 13,070). That's also still 462 points higher than December 31st (we closed at 12,888). In %, that's 2.14% and 3.58% higher, respectively. + +Now I know that a lot of you are trading on highly volatile stocks (looking at you, CRSR and PLTR), so obviously they are hit much harder than NASDAQ. That's the nature of the beast. Volatile stocks = large swings, both up and down. Welcome to the flip side. I have some of those in my portfolio, and also some defensive and cyclical stocks. It sucks those volatile positions deep in the red. I know how you all feel. + +&#x200B; + +Now, what's happening? + +**Treasury yields are rising.** That's what's happening. There's obviously more to it (I.e.: vaccination seems to be going relatively well, Biden's stimulus, etc.), but that seems to be the catalyst. In fact, the 10-year yield rose to its highest level in the last year, at 1.37%. **That's a good thing:** Rising yields are a sign of economic recovery and increasing economic activity. It's a good thing. + +Why are yields rising if interest rates remain low? Because of one of the fundamentals of yields: As bond prices rise, everything else being equal, yields will drop. And the inverse is also true. As bond prices drop, yields will rise. And right now, bond prices are dropping. People are becoming more and more optimistic about the prospect of recovery, with Biden's stimulus and with the vaccination that is (once again, relatively) going well. So they are exiting "safe" investments with lower yields in favor of riskier investments with higher yields: junkier bonds, stock market and alternative investments. + +Wait, if rising yields are a sign of people exiting the bond markets to go towards the stock markets, why are prices dropping????? Great question, and my answer is twofold: (1) NASDAQ is not even in market correction territory, Chill. It closed roughly down 5% from all time highs yesterday. (2) Look at S&P500 and DIJA. DIJA is a winner in this, and S&P is barely phased. + +So back to my explanation, people are leaving bond markets for markets with higher potential returns, and the stock markets is one of them. Now, the reality is that rising yields are not always immediately good for markets, especially overheated markets like NASDAQ: This can spook a lot of investors and cause a selloff, which is essentially what's happening right now. This doesn't mean, however, that the apocalypse is upon us. Remember one of the reasons why the markets have skyrocketed so much in the last year: Actual interest rates, not yields, are near zero, and will remain near zero for the foreseeable future. This is crucial. New bond issuance will still have shit for yields, this isn't changing. + +&#x200B; + +**What should we do?** That's entirely up to you. I'm no financial advisor. I'm no expert. Take everything I say with a massive grain of salt. I'm no expert. But really, I'm barely doing anything. I'll be taking a page from Cathy's book: keeping a close eye on when this new craze slows down, sell some of my "safer, less impacted stocks" to raise cash and buy the ones that were hit hardest. + +&#x200B; + +**FEBRUARY 24th EDIT:** Currently happening live: Powell addresses the House Financial Committee, you can watch it [here](https://www.bnnbloomberg.ca/watch-live-powell-addresses-house-financial-committee-1.1490838)... pardon the Canadian website. Key word to calm inflation fears: Their inflation goal is an **average** of 2%. Given that inflation has been under 2% for a prolonged period of time now, I imagine this means they would be comfortable with higher inflation (above 2%) for a prolonged period. This is good +Hi, I’m in need of some advice. My wife passed away following a brief illness - I’m late 30’s as was she. + +We have a mortgage that has about £310k remaining and since her death, I have put the house on the market with a guide price of £750k, the main reason is the children and I want a fresh start. + +I have received pension and life insurance payouts that will collectively pay the mortgage off, just. + +My dilemma is as follows…. + +If I pay the mortgage off now, the cost of living will still exceed what I earn on one salary and would prefer to keep the capital back in case my house isn’t sold relatively quickly. Is that a good idea? + +I have not yet told the mortgage lender about my wife’s death - but considering the house is now on the market, would they re-evaluate my affordability and/or require me to pay the mortgage off before it’s sold? +So I'm gone for a couple of hours and now almost everything is down?! + +This is an outrage! You'd have to go back in time a week to see these prices! A WEEK! + +Do you have any idea how long it is going to take to regain this lost ground?! I can't believe this - I actually can't believe this. + +Crypto dropping inexplicably?! What's next?! Bald billionaires going to space for no reason?! Yeah right! + +How will we ever recover? We might have to wait another week for a new ATH! What the hell is happening to the world!? +>**First Quarter Fiscal 2021 Highlights** + +>&nbsp; + +>* Net sales increased 25.1% to $1.277 billion, compared to $1.021 billion in the fiscal 2020 first quarter, overcoming a nearly 12% reduction in the Company’s global store base due to strategic de-densification efforts, and continued store closures across Europe due to the COVID-19 pandemic; + + +>* Gross margin was 25.9%, a decline of 180 basis points compared to the fiscal 2020 first quarter; + + +>* Reported selling, general and administrative expenses were $370.3 million, a decline of $16.2 million, or 4.2%, from $386.5 million in the fiscal 2020 first quarter. Adjusted for severance, transformation and other costs, selling, general and administrative expenses were $351.7 million, a decline of $29.5 million, or 7.7%, from $381.2 million in the fiscal 2020 first quarter; + + + +>* Operating loss of ($40.8) million compared to ($108.0) million in the fiscal 2020 first quarter. Adjusted operating loss of ($21.6) million compared to ($98.8) million in the fiscal 2020 first quarter; + +>* Net loss of ($66.8) million, or ($1.01) per diluted share as compared to net loss of ($165.7) million, or ($2.57) per diluted share, in the fiscal 2020 first quarter. Adjusted net loss of ($29.4) million or ($0.45) per diluted share, compared to adjusted net loss of ($157.6) million or ($2.44) per diluted share in the fiscal 2020 first quarter; + + + +>* Adjusted EBITDA of ($0.7) million compared to ($75.5) million in the fiscal 2020 first quarter, and; + +>* Income tax expense was $1.3 million compared to income tax expense of $50.4 million in the fiscal 2020 first quarter. + +>&nbsp; + +>**Capital Structure and Liquidity Update** + +>&nbsp; + +>* In addition, the Company intends to file with the U.S. Securities and Exchange Commission a prospectus supplement to the base prospectus included in the Company’s shelf registration statement on Form S-3 (File No. 333-251197) under which the Company may offer and sell up to 5 million shares of its common stock, from time to time, in “at-the-market” offerings. The Company intends to use net proceeds for general corporate purposes as well as for investing in growth initiatives and maintaining a strong balance sheet. The timing and amount of any sales of shares, if any, will depend on a variety of factors, including prevailing market conditions, the trading price of shares and other factors as determined by the Company. + +>&nbsp; + +>**Corporate Update** + +>&nbsp; + +>* GameStop today announced the appointments of Matt Furlong as Chief Executive Officer and Mike Recupero as Chief Financial Officer. Messrs. Furlong and Recupero join from Amazon, where they held senior roles and oversaw various growth initiatives during their respective tenures. The Company is continuing to actively pursue senior talent with gaming, retail and technology experience. + +https://news.gamestop.com/news-releases/news-release-details/gamestop-releases-first-quarter-2021-financial-results + +&nbsp; + +**Transcript from chairman Ryan Cohen from today's shareholder meeting:** + +"We ushered in a whole new era of GameStop. On a personal note, I want you to know I’m humbled to be elected to your board and serve as your Chairman. We have a lot of work in front of us, and it will take time. We’re trying to do something that nobody in the retail space has ever done but we believe we’re putting the right pieces in place and we have clear goals: delighting customers and driving shareholder value for the longterm. The management team and refreshed board will remain totally focused on these goals at all times. We know some people want us to lay out a whole detailed plan today, but that’s not gonna happen. You won’t find us talking a big game, making a bunch of lofty promises, or telegraphing our strategy to the competition. That’s the philosophy we adopted at Chewy. Here are a few things we’ve done so far: refresh the board, added technology and retail experience to the leadership team, paid off all our long term debt and strengthened the balance sheet, and begun laying the foundation for long term growth. Moving forward, we want you to judge GameStop based on our actions, not our words. Thank you everyone, and as my dad would say, “buckle up."" +*This was originally a [comment of mine](https://np.reddit.com/r/ethtrader/comments/7hntd5/daily_general_discussion_december_5_2017/dqsl3os/) in the Daily, but [by suggestion](https://np.reddit.com/r/ethtrader/comments/7hntd5/daily_general_discussion_december_5_2017/dqsm33g/) of /u/JohnMeriwether I decided to make a new post.* + +**CryptoKitties, Network Clogged and Scalability** + +Lots of Ethtraders are pretty surprised with the fact that the network is clogged. Or you haven't been paying attention to what's been going on, or you didn't comprehend at all what scalability issues are about. + +You know when people talk about Sharding and PoS, Raiden and Plasma, how these improvements would actually make Ethereum the first scalable blockchain ? Yeah, well, these improvements avoid network clogging by allowing for a very big number of transactions per second, per day and per month. + +You know when people say that fundamentals are extremely important and you should invest based on them ? Yeah, well, we were talking about real world issues like the one we're experiencing with just a few Dapps running and a few tens of ICOs plus the normal number of transactions of people sending ETH here and there. + +Now, Ethereum is here to stay and is the only blockchain tackling hard the scalability problem. It will be the new pattern on blockchains as soon as these issues are resolved. If you had actually had a look at Ethereum's roadmap you'd have known this was a constraint. + +On a personal note, I consider the current ongoing stress-testing and the one we're about to witness in the next few days to weeks, something extremely bullish. + +Ask around to see how many of the other production blockchains have hit 700000 transactions a day after a little more than 2 years in a production environment. + + +**Bitcoin Trolls Bad-Mouthing Ethereum** + +One year ago, there were jokes: Ethereum was a scam because it had "unlimited supply" or because it had Hard-Forked contentiously. We all knew around here that below the layer of jokes, there was a little bit of fear of being technologically overrun, but many were still not sure. + +These days, there are no jokes anymore, just pure trolling and bad-mouthing (public bad-mouthing on social networks, not constructive criticism). It's a negative attitude, built by extreme fear of losing the only thing that is keeping them alive and apparently healthy price-wise: publicity and the layer of lies they tell to the public. + +When in a little more than 12 months, the same old trolls go from joking endlessly to screaming insults, you know that the ground is shifting. If you can't feel it right here (because you're looking at the ETHBTC ratio or because of any other reason you want to believe), they are certainly feeling it very strongly right there. + +In the end, it's just human behaviour: there's a threat and they defend themselves against that threat the best way they can. Because they can't do it with actual improvements, things that make their tech as good as or better than Ethereum's, they resort to tweeting stuff in Caps Lock. + + +**Price Movements** + +BTC/fiat 1D is exhausted. ETHBTC 1D seems to be hugging the lower trendline. + +When BTC corrects, in case it's a swift one (correcting 25-35% in a matter of a few days), it'll drag down the fiat value of ETH towards our strongest support levels, because that's how this market still works. Still, it's expectable that ETHBTC bounces up hard. + +Prepare your ratio longs. +Curious about everyones thoughts specific to the Phoenix market. I really can't see it going up my much higher. Would it make more sense to wait a few months? +I don't understand the phycology of people, yesterday and today we had countless posts about squid game, everyone super worried with good reason because a scam is a scam and those responsable should me pointed out. + +But after the Shiba frenzy there has been this project called AnubisDao on ETH, it was a cute dog page that they promised it would have the mechanics of OlympusDAO. It had several famous devs involved and they managed to collect 13000 ETH or $60million aprox, they rugged everyone taking all the funds out of the contract. And now inside that team they are pointing fingers between each other and no one knows where the funds are. This happened 3-2 days ago. + +What surprises me is that this was a rug where famous devs have been involved and no one is talking about. "DYOR" "you should put your money on people that has been proved right before" "trust on respetable people, not on randoms" etc etc...in this case it has also been proven wrong, and 30 times the amount of SquidDao have been stolen. + +Crypto is a dangerous space, random projects that tells you in your face that you cannot sell your funds (basically telling you I'm gonna steal from you), or others that seem like a good bet but they fk you up anyways. + +Stay safu. +I reread the terms of conditions of my employment and realize that my employers 401k match doesnt vest for 3 years… + +Does that mean if terminated or we part ways, the 401k match will be pulled out of my retirement account? If so, what happens to all the reinvested dividends and gains which occurred from me investing it? + +Also wondering if this is the standard… + +Thanks +Recently, the US treasury just announced 40 billion of sales in Zero-Coupon Bonds. What are they? + +https://preview.redd.it/gafo22axd5w61.jpg?width=590&format=pjpg&auto=webp&s=2f6be1d55132e6c2dabaa130b03b56e75f60a1c4 + +# How do they work? + +Zero-Coupon bonds pay no interest but trade at a deep discount and pay a profit when the bond matures. The difference between the purchase price and the value of the bond is the investor's return. For example, if a zero-interest bond has a face value of 1000 in 5 years, they may sell for 800 right now. In five years, you would be paid 1000. However, you would not get any interest for this bond. + +If a market has high-interest rates, these bonds are worth little because they do not give you any interest. If the market has low interest rates, the bonds are worth a lot because you get returns much higher than the market interest rate. The bonds are also valuable if the market is expected to crash, as you would still get guaranteed returns on the bonds. + +So why would you buy a Zero-coupon bond? There are several reasons + +1. When interest rates go down +2. **When STOCK PRICES FALL** + +But wait, the skeptic in you says, what if it's just the first one? Well, the federal government usually will drive interest rates down if they think the economy is suffering in order to promote lending and spending. The economy tends to suffer during financial crises, so in reality, both of these reasons are met **IF THERE IS A FINANCIAL CRISIS SOON.** They're perfect for investors to HEDGE AGAINST THE STOCK MARKET. I took a deeper look into this and found some interesting information. + +&#x200B; + +[Look at the first one on the list, the 4-week bond](https://preview.redd.it/9zdq6nm4e5w61.jpg?width=770&format=pjpg&auto=webp&s=3cc63b8aed57f43f8b7891446fb79a6debdc742d) + +Another thing that makes this alarming is that they expire in 28 days. That's right. This isn't the typical 2 or 5-year bonds you're used to. These are 4 week bonds with 0 interest. It might be nothing, but it's just kind of odd how **they're selling an asset that you only want to buy if people think the stock market will crash in the next four weeks.** + +# How rare is this event? + + + +"I grabbed the raw auction data from their query tool: [https://www.treasurydirect.gov/instit/annceresult/annceresult\_query.htm](https://www.treasurydirect.gov/instit/annceresult/annceresult_query.htm) + +It would only let me go back as far back as 7/31/2001 for 4-weeks, but there are 1032 total auctions. [Of those, 89 of them since 2001 have been offered at 0%](https://ibb.co/W6C6rnQ) + +[Here's a look at this data charted over time.](https://ibb.co/CM3fz7C) Blue is the rate the 4-week was offered at, the red flag pole is a 0% event on its own axis so it's visible. + +Quick take-aways: + +Have these been issued before? Yes. + +Are they common? No. 89/1032 = 8.6% of total auctions since 2001, but that doesn't even tell the story. + +3 in 2021 - Market = fukt + +1 in 2020 - Pandemic + +**23 in 2015** \- Market got gaped that year. Worst year since 2008. + +**23 in 2011** \- Black Monday S&P BABEEEEEEEEEY + +**17 in 2008+2009** \- C'mon, you living under a rock? " + +Credit to 9551HD for his research. Very helpful. This means basically THESE ONLY OCCUR WHEN THE MARKET IS IN TROUBLE. + +# What does this mean for the government? + +They are willing to pay people extra money four weeks into the future for more money right now. They also believe that many buyers are interested in HEDGING AGAINST LOW-INTEREST RATES OR A MARKET CRASH and so selling zero-coupon bonds are the best way to increase liquidy for the NEXT FOUR WEEKS. + +# COUNTER-COUNTER DD + +Some people have pointed out in the comments that 4 weeks and 8 weeks are common. That is true. THAT DOES NOT DISCREDIT THIS POST because those are not 0 interest. Unless someone finds proof that 4 week 0 interest are common, I'm leaving this post up. + +&#x200B; + +Not a financial advisor but what I am is a person with jacked tits. + +**IMPORTANT NOTE** + +I DON'T THINK YOU SHOULD BUY THESE THINGS. THEY'LL GIVE YOU PEANUTS COMPARED TO GME. NO INVESTMENT IN THE WORLD IS AS GOOD AS GME. + +Edit: I legit forgot to write a part of this article because I was so retarded. Fixed it tho. + +Edit 2: Misspelt Retarded as regarded because my spelling checker doesn't like that word. + +Edit 3: Two people somehow thought we should buy these things so I just wanted to put the note up there. + +Edit 4: Explaining how these bonds work. + +Edit 5: Added date of last time similar bonds were released. Aka 2015. + +Edit 6: Fixed some possibly misleading wording. + +Edit 7: BIG INFO ADDED + +Links: + +[https://twitter.com/Bitcoin/status/1387815038568722433/photo/1](https://twitter.com/Bitcoin/status/1387815038568722433/photo/1) + +[https://www.treasurydirect.gov/instit/annceresult/annceresult.htm](https://www.treasurydirect.gov/instit/annceresult/annceresult.htm) + +[https://www.investopedia.com/articles/investing/062513/all-about-zero-coupon-bonds.asp](https://www.investopedia.com/articles/investing/062513/all-about-zero-coupon-bonds.asp) +Question: Do you consider your EPF balance at any given point as part of your debt class of investments? + +Context: I checked my investment Allocation across asset classes and 63% of my current amount was in debt. 31% was in equity and 5% was bank balance. +I do not own real estate or gold. I have not counted the emergency fund (6 months of my expenses) in this, which is in an FD. + +44% of my debt was in EPF. 27% of my debt is in PPF. 20% in an endowment policy that matures next year end and 9% in debt funds. + +Since a significant chunk of my salary (24% with my employer and my contribution) goes to EPF, I feel that my debt portion of total investments will always be high. I imagine this must be true for all salaried people. + +How do you bring debt down or increase equity up when every month a big chunk keeps going into EPF? Do you not consider EPF part of your holdings as it is not actively being invested by you? + +Advice is appreciated. + +Profile: I am married with a kid on the way, age 30 and with partially dependent parents. My wife is not working. Privately employed in Bangalore. +The only debt fund in my portfolio right now is ICICI short term debt fund direct growth. I have been holding it for approx 6 months, and have got a pre tax return of 0.83% which is much worse than savings account if my maths is not wrong. I thought it must have been my mistake when selecting the fund but then with some research I found out that most popular funds of this category have been performing worse than savings account returns. + +On doing further research, I found out that the reason for low returns is probably the interest rate hike by RBI. Is my analysis till this point correct? + +Now that we have just entered the rising interest rate cycle, does it even make sense to add new short term debt funds in my portfolio? I am thinking it might be a better choice to add ultra short term fund or FD instead of short term debt fund in my portfolio. + +More context for those interested: I am 23M, and am going to receive a bonus of ~7. 5L from my employer today or tomorrow, so I am exploring and comparing in which debt instrument to park the money. I will most likely hold the investment for 3 years so that I get charged LTCG instead of STCG on the returns +Fellow investors, + +I am out of new investing idea, so for this post I'd like to discuss something that is often ignored: How much money do you need to have in your portfolio to make it worth your while as an individual-stock picker? Central to this question is the opportunity cost that all stock pickers go up against: the almighty index funds and the cost of doing research!! + +Simple enough, your performance over the long run needs to be judged against a broad-market index fund, for which you incur no sweat and no effort holding. + +**Assumptions** (these are meant to simplify the calculation of opportunity cost): + +1. **You derive no net intrinsic benefit from your action of picking stocks** (so no net emotional rewards, no net benefit in learning and gaining experience as a stock picker, no pain or suffering seeing your stock picks going down, or all of this even out in the long run). You can relax this assumption and add it to your total return if you derive some net benefit from this stock picking. +2. **You gain a long-run 2% outperformance over the index**. Considering that most money managers lose to the index in the long run after fees, this is a very generous assumption. But you need an outperformance assumption to even have a discussion about stock picking making financial sense. +3. \*\*\*another baby assumption: **you did not obtain this outperformance for free**. Eg., you did not outperform by simply getting free stock tips from friends or works, etc. +4. **You're an average American with $63,500 in annual salary**. Needless to say, if you're high paying worker, stock picking makes even less sense for your opportunity cost. At 40hr/week for 50 weeks, this comes down to $32.5/hr wage. +5. **You derive no net benefit from obtaining uncorrelated returns**. Many of the benefits touted by hedge funds is not that it beat the indexes, but that it give investors "uncorrelated returns." So during bear or bull market, funds will have different returns compared to the indexes. +6. **You have no additional transaction costs picking stocks over indexes**. Easy enough in this zero-fee environment. Note: does not apply to pay-for-order flow brokers. +7. ??? I probably missed something. But these will do. + +**Calculation**: + +So, at 2% outperformance, you will make an extra $200 with a $10,000 portfolio, $2000 with a $100,000, $20,000 with a $1,000,000, etc. + +As you can see, at $63,500 annual salary opportunity cost, you will need $3,1785,00 in total portfolio value for your effort to make sense, assuming that you treat stock picking as a full-time job. + +My Excel game is no longer what it was, so I am too lazy to create a line chart that could visualize this. Imagine that the 2% extra return of your portfolio grow as your total portfolio grow. That line needs to cross the $63,500 in opportunity cost before it even makes sense for you to consider stock picking as a full time job. + +Now, let's say you don't need 40 hr/week to consistently outperform the market. So instead let's say you need 20 hr/week. That would mean you need $1,892,500 in total portfolio value to make a difference financially as a stock pickers. + +Further reducing the workweek to 10 hr/week, it would be $946,250 as the point of excess return over opportunity cost. + +**What's my point?** TL;DR: It means that for a lot of investors, including yours truly, it doesn't make financial sense until you become a multimillionaire to be picking stocks, even if you truly have a consistent edge over the market. + +Obviously, if you can relax any of these assumption in your favor, that change the calculus. For me it's assumption 1) that made a difference. What's yours? +I know this probably doesn’t apply to all businesses but, I’ve recently added this to my process and testing it out. I’ll read maybe the top 5-10 the middle 5-10 and the bottom 1 stars of equal amount to get a non biased view. Just curious to see if it adds any value to the process or if it’s too open to manipulation? +Title says it all: + +&#x200B; + +Can Someone Help Me Understand $X? (United States Steel) Should We Rename It USA Steal? It Trades At .5 Book Value, Only Has $4 Billion In Debt. $17 Billion in Assets. And A PE of 1... +I’m pretty new to the concept of value investing. Finished reading The Intelligent Investor recently and looking to read some more related books by the end of this year. + +Determining the value of a stock is a huge part in being a successful investor, but I’m having a hard time selecting strategies to go about doing this. + +What are your go-to methods in determining the intrinsic value of a company? There are just so many methods (fundamental screening, comparative analysis, DCF modeling, etc.) that I’m having a hard time choosing where to start. +Sava is a pharmaceutical Company with a single relevant drug candidate. Simufilam. For the treatment of Alzheimers. + +As of today, there are no treatments that do more than slow the progression of Alzheimers. + +Early indications are the Simfilam will change that. 1 year into an open label, phase 2 study, patients have had an average increase in of 3.2 points in cognitive testing relative to a 5.5 decline in the placebo Group. Accounting for roughly a 20% improvement on standard indicators. + +In addition Alzheimers is often associated with psychiatric disorders, at baseline 66% of patients had sypmtomatic disorders, after 12 months of treatment less than 50% had symptomatic disorders. + +In addition, the phase 2 study showed no serious drug-related adverse events through the 12 months interim anaylsis. + + +To sum up, there are no Drugs that can even stop the cognitive decline of Alzheimers patients. 68 percent of patients improved while taking the drug. + +If similar results hold up in a phase 3 study, then there will only be one drug candidate for the majority of Alzheimers patients across the entire globe. Simufilam + +Phase 3, double blind, placebo testing will begin sometime in Q4. + +In the US alone, the yearly market for Alzheimers drugs that do not stop cognitive decline was over 7 billion in 2019 and is expected to reach over 13 billion by 2027. + +If you factor in the associated costs of caring for late stage alzheimers patients, the value of a drug the reverses the effects of Alzheimers is almost immesurable. + +The current market cap at yesturday’s closing price was 2.09 billion. + + +Why the market is irrational: The price has been all over the place while it would appear the fundamentals have only improved. + +The price was up over 140 dollars a share right before the 9 months interim results were announced, the results were as good as you could hope for. A continued cognitive improvement for study participants and no serious adverse effects. + +But in the sell the news philosophy of the current market, the stock dropped to 110. + +Then a short seller filed a petition to the FDA and claimed essentially that Sava had manipulated their results and that the data should not be trusted. + +Despite Sava offering a scientifically sound rebutal to the argument, while admiting that an outlier in the placebo group should have been included, +the stock still dropped to a low of 39, before slowly rebounding to 53. + +Yesturday Sava released it’s interm 12 months open label study results. They were independently verified by two separate and independent biostatisticians, in an effort to squash reports of data manipulation. And with all relevant particpants included Simufilam still showed a significant cognitive improvement in the majority of it’s patients. + +Despite the most recent study once again being about as positive as such a study can be, and that the data was more riguroulsly analyzed to counter claims of manipulation, the stock still dropped. + +While there is clearly short term market manipulation at play in the drops, the long term story of Sava has only improved since it’s recent high of 140. + + +While I cannot make a claim to know exactly what Simufilam will be worth as a succussful drug candidate, I can be certain that the company is currently undervalued, given the available market and lack of competition in one of the largest drug markets world wide. + + + +Risks associated with Sava: + +1. The biggest risk: Their current value is based solely on a single drug candidate that has only completed 1 year of a phase 2 study. Many other drug candidates have in different fields have had very promising results after phase 2 and failed to show the same results in a phase 3 study. + +2. While I am fairly certain the charges of manipulation are simply powered by a short seller making a money grab, without having inside knowledge it is only an educated guess. + +3. I’m an idiot, so don’t take anything I say as investment advice. +DLR is a REIT focusing on data centers around the world. They have over 200 data centers across 6 continents. + +From what I've read, data is being created at an exponential rate and companies can hardly keep up with storage. For example, Google announced a few months ago that they can't keep up with providing free photo storage on Google Photos due to the huge amount of data created. 90% of the world's data has been created in the previous 2 years alone and over 400 exabytes of data will be generated daily by 2025. So the trend is obvious that data generation is increasing extremely fast which will mean more and more data centers will need to be created to keep up with demand. Is this a fair assumption to make or am I missing something? I feel like this has the potential to be a great long term hold. It also pays 3.09% quarterly dividend I believe. I would love to hear your thoughts on this. +Note - This is just an opinion and I believe Realty Income is one of the better managed REITs in the world (while I do not currently own it, I have owned it off and on since 2008) + +&#x200B; + +There is one mega trend working against O right now and that is inflation. + +As inflation remains high and the Fed continues to raise rates, 10 year treasuries are likely to continue to climb. This has a few knock-on effects that will work against O over the short and medium term. + +a. Raising rates will, without question, slow the economy and will perhaps put the US into recession. With most of O's portfolio in the consumer retail space, this causes issues with pricing power (hard to raise rents on expiring lease agreements during a recession) and increases default risks of major tenets (their businesses will be struggling at the same time that servicing their debt has gone up). + +b. Like it or not, REITs are bond proxies. During times of significant market downturns (think 2001-2003, 2008-2009), the spread between the 10 Year and REIT indexes has been in the 1.5% to 3% range. + +c. If you make the assumption that the 10 Year reaches 4% and the US enters a recession at the same time (not a guarantee, but I'm guessing at least 50/50 odds), you can make an educated guess that the market will price REITs like O with a dividend yield of 6%. + +If you take O's current dividend of $2.97 and divide it by 6%, you get a stock price of $49.50. And at that point, you can put every dollar you have at your disposal at buying as much O stock as possible. +EDIT: DEGIRO is the trading platform. They disallowed Market buy orders for GME and AMC but you can still buy via limit orders. OH AND NO LIMIT ON THE QTY OF SHARES YOU WANT TO BUY **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** + +https://preview.redd.it/fqswt5621de61.png?width=446&format=png&auto=webp&s=318d11b24d37820e6ec5a07b160c7bc385c18ea4 + + +[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!* +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'm writing this for two reasons: + +1.) To help people avoid the same mistakes I made + + + +2.) To get the story off my chest + + + + + +Last summer I decided to learn about the stock market. I opened a Scottrade account, deposited $500.00, and started making trades every few days. After three months of experimenting, my account was right back where I started, give or take a few bucks. Content with my summer trading, I decided to take a break from the stock market until I graduated college in December. + + +Fast forward to January 2014. Not only was I graduated and working a full-time job, but I also had recently learned about: + +**OPTIONS** + +I was intrigued by the possibility of making 100%+ gains in a matter of days, or even minutes. Calls, puts, strike prices.. I learned what seemed like everything I needed to know, and I felt I was ready to start trading options. + + + + +I started by playing the earnings game. *Everyone uses NFLX, right? Their earnings are tomorrow..Let's put that $500.00 in your Scottrade account into some $370.00 NFLX calls.* +I made 7X my money off that first trade. *Wow, that was easy!! $500.00 to $3,500.00 in 2 days.* FB was next. *Everyone uses Facebook...* My $3500.00 grew to $6,000.00. Then Chipotle. $6,000.00 turned into $11,000.00. + + +I had turned my $500.00 into $11,000.00.. in TWO WEEKS. I was three for three, and I was hooked. + + +You know how careful you usually are with that first $500.00 you start trading with? Well for some reason, the more money you have, the more careless you become (in my case, at least). I thought I was invincible, and decided to put a huge bet on CSCO earnings. *Why double $1,000.00 when I can double $10,000.00?* Well, CSCO stock didn't go down the 10% I had predicted after earnings. My $10,000.00, however, went down 100%. + + +I had lost everything. + + +3 weeks later, I put $2000.00 into my Scottrade account and started back up into my options trading madness. I was very careful in the beginning: I swore to myself that I would NOT make the same mistake I made last time. When I made money, I would be smart with it! + + +After a few failed trades, I managed to turn the $1,500.00 that remained of my $2,000.00 into $12,500.00. (NFLX went down quite a bit one day.. I had bought weekly puts at market open.) I WAS BACK! + + +...that money lasted about 2 days. I made two huge bets (that's what I was doing at that point: betting/gambling), and managed to lose my money all over again. + + +3 weeks later, $3,000.00 this time. *Third time's the charm...I WILL be smart this time!* By this time, I had learned about SPY options and decided that SPY options would be where I would make my money back. + +**Monday, April 14th, 2014:** lost $100.00. + + +**Tuesday, April 15th:** Turned $2,900.00 into $12,500 -- in one day. I was somehow able to time the spikes and dips of SPY that day just perfectly. *Whew...I did it!! I'm back!* I swore I was done. + + +Until today. I had my confidence built back up from my amazing Tuesday, and was extremely cocky and over-confident. *SPY looks like it's heading down. Let's pay off those school loans, baby.* Well, SPY didn't go down. It went up. And I didn't exit when I should have. *Oh, I lost $2,000.00. I'll get it back.* I didn't. + + + +So here's the moral of the story: be smart and make sure emotions don't cloud your judgement. Treat every trade as you did your first trade, and don't get sloppy and cocky. + +[Here's my Scottrade 3 month chart if you'd like to see my idiocy] (http://i.imgur.com/ASl9ayo.png) + + + + + +Quick back story on me I am a graduate of the Culinary Institute of America,I worked in NYC for years, and I even studied and worked abroad in some of the best restaurants. I am a level three sommelier, and I even teach classes now. I also have competed nationally and internationally in cooking and cocktail competitions. + +A man I met months ago recently reached out to me and asked if I would be his familys private chef for at least 3 days a week. But, he has some really rare allergies that are going to be a challenge to cook for. He wants a whole pantry made from scratch, bases for soups and stocks, spice blends, condiments that are allergy free. So re organizing his whole kitchen and pantry, as well as meal prep for my off days, grocery shopping, snacks for his children for after school, and building a garden for him. + +Mind you this is for one of his THREE homes. And he also wants me to do dinner parties for his friends this summer with wine pairings, AND he wants me to help him open a restaurant for him. + +Take a moment to visualize a number that YOU think would be acceptable. + + + + + +Keep that number in your mind. + + + + + +He offered me $18-$19 an hour. I could quite literally walk into McDonalds and get a starting pay of $15.. for a fast food job. And this man is wealthy and flaunts it, and basically wants me to run the food in his and his family's life. Let me know if I am being ungrateful, and if I'm not.. what should I do? +i started trading 5 months ago and i thought i grasp the fundamentals and understand using technical analysis such as indicators on charts. Also, catching up the news to make my purchase. However, learning about shorting, dark pools, otc, etc and the list goes on, I realized i only touched the tip of the iceberg on what goes on behind the closed door of the stock market. Behind the gme fiasco, lies a terrible and ugly truth of the current market that's upon us. Holding stronger than ever. if it does dip lower than my average cost, planning to load up even more. +I'm asking this because, for reasons I'm not sure of, I seem to have gone through that period relatively unscathed without any major disruption. I realise many others were not so lucky. + +So when people bring up the 'big crash of 2008' I struggle to even remember what happened. I worked, paid the bills, carried on. I wasn't rich then and I'm not now. I just carried on through it. + +What happened to others during that time? + + +EDIT: Thank you for the replies. It's been a hugely eye opening thread. Hearing about how the crash literally affects people's parents' health, broke up marriages, how people are still living with the effects of 08 to this day. You realise how these things truly affect lives on a personal basis. + +I've learned a lot about the financial industry these last few months purely from joining in the meme stocks phenomenon and you could say these stories have helped solidify my view of that industry. Something has to change, I feel. + +Thanks all. +Hey folks, + +I am a data scientist who has been working on applying machine learning and data analysis to build trading tools. I have been thinking of open sourcing some tools and I am really excited to introduce the first tool called **Surpriver**. + +&#x200B; + +[Tool's Logo](https://preview.redd.it/f17h14h5tlk51.png?width=365&format=png&auto=webp&s=7b3432f73beabf606d2c16a64f3217f9cd01c0e8) + +# Introduction + +**Surpriver** is a python based tool which tries to use volume and price changes to look for anomalous and unusual patterns using machine learning and anomaly detection algorithms - more specifically, it uses something called an Isolation Forest for anomaly detection. Surpriver gives you the flexibility in analyzing different granularities of data e.g 1 minute bars, 30 minutes bars, 60 minutes and some more. + +>**Although the tool works on all kinds of stocks, it works more effectively on penny stocks as there are more fluctuations in penny stocks and their patterns.** + +Here is the **basic flow** of the tool. It goes over 5000 stocks and extracts their price and volume data from **yahoo finance**. It then calculates a few technical indicators like Ease of Movement and converts everything into a single vector representation which we call features. These features are then passed to an anomaly detection engine which find unusual patterns by comparing a stock's features with every other stock and ranks the stocks based on anomaly score. The stocks with the highest anomaly scores are expected to move up or down more than the ones with lower anomaly scores. **In a nutshell, the tool looks at 5000 stocks and tries to automatically infer some unusual patterns which** ***can*** **lead to some big moves.** + +You might tell me that there are some existing scanners for this but every single of them are based on manually curated rules e.g if volume is greater than 5 times the average volume of last 5 days, alert the stock. However, such scanners can often fail when market conditions change. **Surpriver is a totally automated scanner that does not need such rules. Also, in order to find anomalies, since it looks at the global view of market movement, it is more robust.** + +# Results + +Let us look at a scatter plot of results from last 2 days of this week. The stocks were analyzed on Wednesday and the plot below shows their absolute percentage change in price in the next two days. + +**Scatter Plot:** + +[Correlation plot showing that when anomaly score is high \(negative values\), the future change for the stock is also higher](https://preview.redd.it/leddxl0sqlk51.png?width=1009&format=png&auto=webp&s=f10a7b77438db954af0527933904264d0eab965b) + +As you can see in the image above, the anomalous stocks (score < 0) usually have a higher absolute change in the future on average. That proves that the predictions are actually for those stocks that moved more than average in the next few hours/days. One question arises here, what if the tool is just picking the highest volatility stocks because those would yield high future absolute change. In order to prove that it's not the case, here is the more detailed description of stats. + + --> Future Performance + Correlation between future absolute change vs anomalous score (lower is better, range = (-1, 1)): **-0.23** + Total absolute change in future for Anomalous Stocks: **89.660** + Total absolute change in future for Normal Stocks: **43.000** + Average future volatility of Anomalous Stocks: **0.332** + Average future volatility of Normal Stocks: **0.585** + Historical volatility for Anomalous Stocks: **2.528** + Historical volatility for Normal Stocks: **2.076** + +You can see that historical volatility for normal vs anomalous stocks is not that different. However, the difference in total absolute future change is double for anomalous stocks as compared to normal stocks. + +# Results + +I ran this tool on 60 minute bars with a history of 14 bars only. Here are the results for this week. These results were generated on 28th August, you can see how they did in the last few days. + +Results (August 28): [https://pastebin.com/L5T2BYUx](https://pastebin.com/L5T2BYUx) + +Since a lot of folks don't know how to use python, I will be updating the results on the GitHub repository on weekly basis. There are no strings attached. + +# Backtesting - How would have it worked in the past? + +I am pretty sure everyone is going to want to backtest it on historical data. For that purpose, there is a separate section in the GitHub repo that talks about running the tool on historical data and see how it would have done in the future. Please go to the repo to look at those steps. I have also provided some backtested results from the last two days of this week. + +# Limitations + +The tool only finds stocks that have some unusual behavior in their price and volume action combined. It doesn't predict which direction the stock is going to move. That might be a feature that I'll implement in the future but for right now, you'll need to look at the charts and do your DD to figure that out. + +# GitHub Repository + +Link: [https://github.com/tradytics/surpriver](https://github.com/tradytics/surpriver) + +More information on how the tool works is given in the GitHub repository. Please ask if you have any questions. + +# Final Thoughts + +Would love to get everyone's thoughts. Since this is open source, please feel free to make changes and push them. If you have a feature request, just create an issue in the GitHub repo and I will work on it. Also, I am taking requests for more tools that folks here would want. Please comment if there is anything specific that you would like. + +Happy to talk more about how everything works in detail. + +# Is this promotional? No, this is 100% free and open source. + +So we have a few competitors who downvote every single thing we post and report almost all of our posts. This had led to a lot of my posts getting removed. Therefore, for this post, I have specifically gone ahead and asked the mods if this is allowed to post here. + +>***This is not a promotional post or tool***\*\*. The tool resides on github and is literally 100% free.\*\* + +PS: If you want more open sourced tools, just comment with your idea of a tool. I will try to work on it and open source it for everyone. +Title says it all - this is bullish as fuck. I cannot wait until the numbers from the vote are released, hedgies r fuk. + +https://whalewisdom.com/stock/gme + +The only way I saw GME not moass’ing was blackrock and the friendly whales cashing out... turns out it’s the opposite. I can only imagine how mad this makes Ken and co... Vanguard didn’t even de risk during the first squeeze! + +Edit: As /u/rowr and other posts are showing this looks to be directly tied to ETFs so not an indication on the sentiment of Vanguard as a firm. Sorry for the confusion, I humbly remove any wrinkle I thought I had 💎🤲 +Do you recommend any budgeting apps? I currently do my budget via excel and handwritten pen and paper. I have MacBook and iPhone if that makes a difference. Are any worth paying for? +My husband and I are currently living in an apartment with our 1.5 year old daughter. We are debt free—no student loans, no car payments. My husband makes 52k/year before health insurance/taxes/401k. + +I’m currently a stay-at-home mom, but I’m looking for nanny jobs so I can work and keep our daughter with me and bring in some extra money. + +We would like to buy a home within the next couple of years—before our daughter starts school and before one of our cars dies and we end up with a car payment again. + +We have 13k in savings so far. + +We are wondering how much home we can afford that would keep our monthly payments around $1,000–including fees and taxes. + +I know there’s a first-time homebuyers thing—but idk how it works or if it’s really beneficial or not. + +I’m not sure if that covers everything or not, feel free to ask any other clarifying questions and thanks in advance for any advice! +I'm interested in hearing everyone's favorite FAT-themed memberships, subscriptions, services, etc. I think the concept of employing fixers and similar services is fascinating and a world that's not easily Googleable. + +Example to give an idea of what I'm talking about: Health Advisory services, as mentioned in a recent NYT article about class divide during COVID. These can help ease access to testing, experts, etc. The one listed is $80k/6 months + +The point is, I'm interested in hearing about everyone's favorite 'little known' services that non-FAT type's may not even have known existed. I for one (on the path to FF...getting closer) didn't know about the private health advisory service. I'm interested in learning about these not just for consideration, but I think these kinds of services live in a very interesting world, i.e., I was [reading](https://www.businessinsider.com/inside-the-turmoil-at-mark-zuckerbergs-private-family-office-2020-2) recently about Zuckerberg's family office, managed by the secretive ICONIQ capital. The services and memberships it offers I think are fascinating, and would love to hear others that you all use/have heard of. + +EDIT: Thanks so far all; these are excellent. List so far: High-end vacation home swap; armored luxury vehicles; fire insurance; concierge doctors. + +Let's keep it going. Would love to hear about the more squirrely services in the realm of 'fixers', off market buyers/sellers, etc. My sense is a lot of those services may all-inclusive to family offices and law firms. +Some context - my parents were both first gen immigrants and even though they are now comfortably FAT, have had basically 0 lifestyle inflation over the past 20 years. Until recently going out for us meant burritos at taco bell a 4-5 times a year. Biggest lifestyle change has been shopping at Trader Joes instead of \*Food Maxx. + +&#x200B; + +Job and salary defined you personally. Summer vacations were SAT camp or college courses. Academics and earning potential were emphasized above all else. I managed to study mechanical engineering (which I love) instead of computer science. Since it was still engineering, my parents paid for three years of college, which I’m enormously grateful for. Eventually though the combination of parent’s pressure and regularly interning in CS led me to a FAANG job which I don’t love but don’t despise. + +&#x200B; + +My issue is while I grew up rather independent and assuming I’d get no support from my parents, I was handed a decent trust fund at 21. I haven't touched it at all but just knowing it is there is sort of undermining my previously financial - centric motivations. I love the outdoors and like to cook, but don’t party much, have no kids, no mortgage, no expensive hobbies, and really don't have much to spend FAANG money on. Option 1 is stay tech another 10 years and maybe make the same amount of money I’ve been given. Grew up in the bay so some small pipe dream of building a startup if I find something that really motivates me. Option 2 is start working or go back to school for something I passed up on during the grind. + +&#x200B; + +Its been hard to unlearn decades of scarcity mindset so I’ve been starting with scaling back at work, reading, and traveling a little. Maybe start volunteering once stuff starts opening up. I used to build things all the time, so might find a small maker space and get back into that. Eventually I’d love to move to a field that is more personally satisfying but giving up the cushy environment at FAANG is still terrifying. + +&#x200B; + +* What can I do now to explore all the stuff i’ve missed out on? +* Many of my friends won’t be giving up on the FAANG grind any time soon. Should I be worried about not being able to relate if I’m getting out? +For years I relied on trading the VIX fear index and the oversold overbought signals of the 3 period RSI + +This year I began focusing solely on a confluence of multiple divergences and 4 EMAS. On the one minute chart. Yes read that again. **One Minute.** + +Sounds dangerous? Yes it is. Trading the 1 minute chart can smash your account very rapidly. + +However, after testing the concept on a demo account for a month, I moved the strategy to a live account. Using bespoke indicators on Ctrader, I succeeded at reaching 30% return on the account in 3.5 days with zero losses and practically no drawdown. + +Read on to learn more. + +The heart and soul of the system is a divergence indicator that I and associates in the legal profession crafted. The indicator scans up to 10 different oscillators which includes the RSI, MFI, CMFI, Stochastics, MACD. + +You can do it manually of course and hardcore price action traders will say there's nothing like trading bare naked charts. But hey, you can always reach the finish line on foot or on a Ferarri. I choose an engine. I and my co-developers are lawyers, and while manual summons and subpeona is fine, we also like accelerated techniques such as electronic service and e-filing ;) + +Ctrader is a wonderful platform. The CALGO lets you code amazing miracles that cannot be achieved on the jurassic Metarader. Yep that's a shameless plug for Ctrader. + +&#x200B; + +https://preview.redd.it/33kq4sruyvp81.png?width=1879&format=png&auto=webp&s=d8ff904425d81c2d019f57326674a7a1fe0e33ac + +&#x200B; + +https://preview.redd.it/wzsjbuj8zvp81.png?width=1802&format=png&auto=webp&s=b32a0b03e901e7d946e21c9b13e4e4ddf49ea940 + +Before I share the exact method, I imagine several of you are screaming: show me proof. + +Well, your honor, here it is: [Live Tracking on myFXBook](https://www.myfxbook.com/members/joeyplazo/falvo-plazo-capital/9471984) ; Other accounts that rely on the VIX Fear index, mean reversals and harmonics hold a profit factor of over 200 with ROI over 3000% to 9000%. Mean reversal aligned with market structure is one of my favorite tactics that almost cannot fail. + +To date, none of my prior trading techniques come as close in terms of safety and ROI as the slew of methods I now share. + +**The 1 Minute Indices Trading Strategy** + +1. First, you need to commit trading Indices, Metals and Oil only. Only these asset classes move fast enough to get you in and out a trade before any nastiness occurs. +2. Second you require several EMAs. You need a a twenty one (21) period EMA on the 1 minute chart, the 5 minute chart, the 15 minute chart and the 1 hour chart. To Go long, price must be above all these EMAs. If one isn't it's a NO TRADE. +3. Check your 3 Period RSI. If your 3 period RSI on the 4H, Daily and Weekly chart is at 80 or close to it, you **cannot o**pen a long position. The chances for a catastrophic drop is imminent. On the other hand if the 3 period RSI is close to 20, you cannot go short as a bullsih reversal is nigh. +4. Check the nearest support and resistance lines on the 1 Hour and 4 Hour chart. Normally these lines act as magnets for price, and price gravitates toward them before reacting. If you plan to go long, and you're right next to a strong resistance line, reconsider your entry. +5. Optional: the five period (5) ADX should be over 30 signalling strongly trending market. If it isn't you might be flat and wait quite a bit for movement. Checking out volume also helps ascertain volatility. +6. The fun part begins. Drop to the 1 Minute or the 3 Minute chart. Wait until at least three divergences happen all at the same time. You can scan the charts manually. In my method, I wait until my indicator signals at least three hidden divegences have occured- preferrably, the RSI, MFI and Stochastics. When this occurs, I open a long on the very next bar open. My indicator can scan for divergences up to 500 bars back but I find 5 to 10 bars adequate and fast enough for my purposes +7. I set a trailing stop trigger at 200 pips with a 100 pip tail. This gets me what I want on my position sizing rule. +8. Wash rinse repeat. **As of writing, I have fully automated the system with an algo so I no longer do this manually**. Hower, I did find that 9am to 12nn NY is the best time for this trading style. + +Happy trading! + +Note: I am not a commercial signal provider, algo vendor nor financial advisor. Do not ask me to sell you anything. Unless of course you want to sue someone. My partners and I can get people to pay up or go to jail quite fast- if there's merit and legal basis<grin> +**\*\*\*\*\*\*\*\*\*\* Not a financial advisor. Not financial advice\*\*\*\*\*\*\*\*\*\*** + +https://preview.redd.it/8yfbwi2zasv61.png?width=1170&format=png&auto=webp&s=1c8705410d909110c224cc0a9a7e2ed710f13859 + +Apety apety apes. What's the difference between GME and my wife? GME doesn't fuck the mailman. Though my wife is a legal midget, GME is still wayyyyyyyyyyy more shorted than she is. Alright, enough about me. As always, remember to see my previous posts about the FTD cycle theory or you will be more confused than I am when my wife ISNT cheating on me. Also, I hope you apes like my new avatar. Like everything else I do, my goal was to make it as abusrd and strange as possible. + +So today's post is just gonna be a quick update on what's happening with GME and the FTD Cycle and obviously a meme drop. My plan is to give big updates when something major happens or when I do new research and then smaller updates like these whenever I see necessary of when I get bored. + +**Today** + +Overall, today was a pretty good day. We were up slightly on lower volume but not as low as it has been in recent weeks. We almost hit $200 in the post-market yesterday and I would've liked to see us hit that again today but you cant have everything. Let's take positive days when they're given to us. Here's a day view of the FTD cycle theory. + +https://preview.redd.it/n8f0titsasv61.png?width=1992&format=png&auto=webp&s=d798d43f4e56dd1d6c9a8cc3f5210dca94148443 + +Just want to reemphasize a point that someone made yesterday. When I used a log scale and noted that the FTD Cycle period was increasing linearly, I failed to realize that a linear increase on a logarithmic scale is exponential on a regular scale. This makes complete and total sense because less than a year ago when this started we were trading below $30 and never got near $50 until early January, so the idea that the pattern is exponential seems to make sense. This means that as time goes on, the price should increase rapidly until it's too late. Again, I don't believe that anyone will see it coming when we finally moon, so don't try to predict that. Yes, it's possible to guess when we will see increases, but I don't think it's possible nor beneficial to try to predict when we moon. Finally, I just want to reemphasize the idea that the point of this theory is that it gets more expensive for shorts to continue this game every cycle and that pain seems to be increasing exponentially. + +https://preview.redd.it/icwiyko3bsv61.png?width=1170&format=png&auto=webp&s=82f9e156ff000fa191c03717ba2f8ff8c1fa81e8 + +For the past few days, I've been saying that technicals don't really apply to GME because of the manipulation. I still believe that. However, I have zero self-control. SO I COULDN'T HELP BUT NOTICE THAT WE RESPECTED THAT SEXY UPPER LINE OF THE TRIANGLE AS SUPPORT TODAY OHHHHHHHHH YESSSSSSS DADDY. + +Moreover, I am pretty surprised at the low volume that we've seen so far. The price has definitely been in line with what the theory suggests but volume is still not there. Looking at the chart, it appears that GME is due for a major volume increase very, very soon. My thoughts are that either the price will increase this week gradually instead of all at once (so volume will be spread out) or we will see a sharp jump in volume this week or next week. Whatever way you look at it, it appears that some volume is due soon: + +https://preview.redd.it/hb63f09uasv61.png?width=1818&format=png&auto=webp&s=7f145896c147ae38f6c2614c91aaed2bbdf083bf + +Still looking at the chart above, I also want to note IV (blue line in the volume subgraph). IV is still pretty damn low right now, which will make it easier for a gamma squeeze to happen. It's been decreasing pretty constantly for the past 2 months to pre-squeeze levels, so I would expect that when we see volume increase, we see an increase in IV as well. + +https://preview.redd.it/8n85p3ovasv61.png?width=2220&format=png&auto=webp&s=126f4e952350a3cd960fb6b6102b6ce4ed597c65 + +Also, just want to note that today, we definitely saw a pretty major short attack around 12:30. Yes, the market seemed to go down around then too; however, GME and AMC both went down precipitously, which makes me believe that it wasn't just a normal sell-off. + +https://preview.redd.it/5d7x5xt5bsv61.png?width=914&format=png&auto=webp&s=6525c0ff92eff7d920fb433aa7a3fa9fa27024e4 + +Finally, this is probably the most important part of this DD. I plotted a 200-day exponential moving average (blue line) of GME to see what it looks like on a day timeframe, and it's definitely confirming the idea that each period is getting more and more expensive for them to cover. For those of you who don't understand EMAs, don't be worried about the price being so much lower than the actual candles, the price is supposed to be lower since it's period is 200, so just look at the trend: + +https://preview.redd.it/vrampezwasv61.png?width=2182&format=png&auto=webp&s=e46fc3806553b1592b63cb5654eee422050bed3e + +What's even more interesting is that when you take the exponential moving average, it's definitely starting to look more exponential than it is linear. It was looking linear up until January, which is where it seems to have gone more exponential, what's more important is that post-squeeze, it's continued that trend: + +https://preview.redd.it/7pxear0yasv61.png?width=395&format=png&auto=webp&s=8154eb7d6b70809d9ed7a9dd5a0cb02e1d226ea9 + +**Future DD** + +Still haven't started any big future DD projects but I'm thinking that my next ones will be about trying to find smaller FTD cycles within GME based on different settlement times like T+2 and T+5. I will also probably try to decipher FTD numbers by reverse calculating them based on synthetic longs and ETF shorts, but that will take a long fucking time to do and will be difficult. So, stay tuned for those in the future. + +That's it for today apes. As always, stay strong. + +https://preview.redd.it/1sh0to61bsv61.png?width=812&format=png&auto=webp&s=477a40154acc3ebddae7b46dbb56991381c3de4a + +**\*\*\*\*\*\*\*\*\*\* Not a financial advisor. Not financial advice\*\*\*\*\*\*\*\*\*\*** +I called to exercise a $100 call early, way before expiration. I wanted 100 more shares for 100 each, lowering my cost average. Simple, right? + +Wrong. + +Fidelity doesn’t make it easy to exercise contracts. You have to call them to do so and I was hold for 45 minutes, spoke to 2 different people trying to explain why I shouldn’t exercise it and either sell it instead and buy shares on the market or wait because of the intrinsic value. + +I felt like it was bothering them that I wanted to exercise and not sell. Asking me the same questions why I want to and what my goal was. + +I understand, maybe I could of sold the contract then bought shares at market value and acquired a few more like they stated. But I just wanted 100 more shares for $100 each. Didn’t think I had to break an arm and a leg to do so… + +They seemed flustered, huffing and puffing with plenty of umms and repeated questions. Maybe it’s just procedure or they really don’t want clients exercising DEEP ITM calls this early. + +They ultimately did, but what I thought would take no more than 5 minutes became a 45 minute ordeal. Fun! Wish I could exercise them myself. + +Anyone else experience this? + +Buy, hold, exercise & DRS! 😎 + +P.S. I have more options. I sold one today and wanted to exercise one, which I did. This is what I did last year and how I acquired more shares. +There was a great post on this subreddit yesterday, talking about Youtubers destroying beginners in the crypto space, and I couldn't agree more with that post. ([Link to that post](https://www.reddit.com/r/CryptoCurrency/comments/mc60c0/to_bitboy_crypto_and_related_youtube_clickbaiters/)) + +I get constant recommendations in my Youtube of this clickbaity fuckers, even though I have selected "Don't show anymore" on Youtube, but I guess it doesn't care. And lucky me...because Bitboy has released a video titled: "My $10 Million Crypto Portfolio REVEALED (Shocking Holdings)". + +First of all, there is nothing shocking in your holdings, besides the amount of coins that you have already accepted a sponsor of and didn't disclose it, which is illegal. + +And this got me thinking of some coins that he has proclaimed that have a "100x" potential, so I decided to watch the video, and see if he puts his money where is mouth is. (I only know where he puts his mouth in for those thumbnails) + +Well Lo and Behold...that must be one of the biggest self exposes I have seen in a while. + +He has SEVERAL videos titled something similar to: "BEST Low Cap Crypto Gem of 2021", and GUESS WHAT!! He doesn't hold 2/10 coins that he pumps in those videos. But he does hold 300k USD...hmmm, where has that come from? + +I know that one of his sponsored videos was about SOUL, where he named it the BEST LOW CAP GEM, and HE DOESN'T OWN IT. This is more than proof that he dumps soon after his video airs. + +Frontier...same thing...naming it the coin with the best potential he has seen, and it is only 0.4% of his portfolio??? Yeah right. See it for yourself if you are interested... + +Just wanted to leave this information here. THIS IS PROOF THAT WHOEVER LISTENS TO BITBOY CRYPTO IS BEING SCAMMED. And if he was investigated...oh boy...oh boy, he would certainly use that 😱😮 face quite a bit in jail. +I'm not sure why no American media outlets reported this. Thanks Reuters. + + + +** UPDATE: ** +I'm not sure why the URL didn't stick the first time: +http://www.reuters.com/article/idUSTRE6A24UN20101106 + + + + +** UPDATE ** +I'm not sure why I keep typing "I'm not sure why" in this reddit. +Please remember Zen is not just a word, it’s a mindset. The stock price is effectively missing 7 digits so I don’t know what everyone is going nuts about. + +Don’t forget that MSM is going to paint anything it can as “the squeeze” and say it’s over before it even gets to $40. + +No cell, no sell. +The last two properties I’ve bought during Covid times the appraiser hasn’t even costed the property, yet I still pay full price for their service. How does this make sense? +Both my wife (57 with several chronic conditions)& I (58 Diabetic & injured in an accident) are on disability. We lost our home and now live in a motel which takes most of our money. The rest is spent on food & medical. I see people in their nice cozy houses and get depressed & jealous at the same time. I never envisioned myself living in a motel at 58 years old. I can't remember the last time we went out as a couple, took a trip anywhere. Recently our old Toyota finally gave up the ghost, now we have no vehicle and my wife might have Cancer in her Thyroid. I don't know how much more I can endure. I have no family left except my wife and children. All I want is a small place where we can live like normal people again & a vehicle so I can take her to the Doctors appointments. I can't describe how scared I am about my wife. She is the only woman I have ever been with and I love her so much. I try to be strong for her, but I cry in private about the uncertainty of her condition. Sorry for venting, I have no friends to talk to. +**🚀** AMC **🚀** started today as a penny stock. It is now trading above $8 and is within cents of exhausting all listed strikes for call options. As another stock with high short interest, it is getting a lot of attention and could very likely be another explosive move if it touches that 9$ price point. + +I only bring this up because I hold AMC since about $3 and I plan on doubling down expecting a volatile run up tomorrow and later offload before it drops back down to penny stock territory. + +\*I'm one dude with a tiny account, not an advisor\* + +**🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀 ORTEX estimates Short interest % of float as of this morning is 80.59% this is a massive short exposure. They are going to be very nervous.** + +EDIT: A serious warning to you all, this community does not have anywhere near the conviction or discipline to buy and hold shares that WSB does. The weak hands who buy AMC here will give a lot of wiggle room to AMC shorts. Don't expect a moonshot because I can see now on my level two that there is a ton of small size selling activity every time the ticker even pauses on the way up. Even in something as short term as a short squeeze, time in beats timing. Hold the thing until short interest falls below %20 if you want to be in on any meaningful price movement. + +Edit 2: I added rockets to reflect the prediction of this post coming to fruition. I didn't want to mislead anyone with preemptive rockets, but now they're warranted. Buy and hold. WE LIKE THIS STOCK. + +**🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** + +&#x200B; + +Edit 3: Most popular question is weather or not it's too late to buy in. Just look to GME as a model for short squeeze price behavior and how shorts are trying to manipulate against the wave of buying. There will be a big dip intraday today. It's important not to sell on this because it will bounce back up. The dip will happen quickly and trading will be paused. When trading is paused, MMers will be listing new options at higher strikes. It is that action that triggers the actual Gamma Squeeze. When those strikes are listed, people will buy them, when people buy them, MMers are required to buy AMC stock to back the contracts. This will create a buying frenzy and continue to fuel the larger trend of the actual short squeeze. People are not too late to buy in, DCA across the dips today and hold at least until Monday because another huge buying pump will happen when ITM calls exercise and create even greater buying pressure. The shorts will continue to bleed. + +&#x200B; + +Edit 4: Trading has been halted multiple times now. Each time this happens the price gaps down slightly, but immediately resumes an upward trend. Each of these trading halts represents a buying opportunity to get in at the bottom of a cycle before the upward trend is inevitably reestablished. The answer to everyone asking if it's too late to buy in, the answer is no. Buy in at your risk tolerance because when you buy in you need to hold. When we hold, the shorts have to continue bidding the price up and that is how you will see your buying opportunity see large gains. + +&#x200B; + +Update: a lot of people are feeling understandably nervous about holding AMC for a few days or a week like we need to to do act in each our individual best interest. Which is to see this thing priced on two points of value 1. AMC is going to bounce back a bit and we are long because of that. 2. AMC is another big company that employs a lot of people that wealthy and greedy shorts have tried to artificially hammer into delisting. I personally think that returning efficient market forces and knocking the shorts down to a reasonable exposure on this equity has value in and of itself because ultimately it makes the market more efficient for us, and in a free market system it is we the vastly numerous individuals voting with our capital who are the most efficient and important driver of economic movement. This is our once in a generation chance to remind unethical hedge managers that we are supposed to be working in a capitalist economy, not an oligarchy where they can just do whatever they want and slide the market around from underneath us. + +So, to calm some nerves, I present the chart for GME on the first day of what everyone probably considers to be the beginning of the endgame for the short squeeze when it hit $70 and AMC today. I'm going to make this a separate post also, but put it here too for anyone following. AMC is following the same exact pattern of short squeeze as GME as the shorts try to pull the rug out from under us. We follow the lead that GME retailers took, we buy and hold. Personally, I have taken about a 20% stake of my portfolio to buy dips on AMC throughout today. It's not much of a portfolio, but it's honest work. Don't let the short holders demonize us just because we caught them with their pants down. Everyone do what you want, i'm no financial advisor, but I LIKE THIS STOCK. + + +&#x200B; + +https://preview.redd.it/z29wjg6svwd61.png?width=3235&format=png&auto=webp&s=af0c2ec37e90cb44997954e468412957a17e6250 +Fist timer here so this is probably a dumb question. We a working with an agent and are considering buying a rental property in Utah (Looking at a townhome right now). Here is the situation, we have a HELOC that is available for 15 yrs interest only. We can borrow 100K on that and buy rental for 300K mortgage (give or take). That's 400K purchase price for brand new construction. + +So best case the rent covers mortgage and HOA (and that might be pushing it). We pay out of pocket the interest on the HELOC, roughly $500. + +Am I a complete idiot for even considering this deal? + +Optimistically Im thinking the property will appreciate, expenses will be minimal (New construction) and Im looking to hold long term 20 to 25 year for sure. And when rates come down and value goes up I will be able to refi to pay off the HELOC within the next 2-5 years. +So as the title says, for my grandparents 70th anniversary they decided to give each of their grandchildren 30k. This was on Sunday and since I wanted to make sure I wasn't walking around with those checks and I went to deposit it immediately through the ATM. In retrospect I realize that was not a great idea. come Monday morning I go to use my card and it is declined, I didn't think much off it because it was through apple pay, but when I went to transfer some funds to my girlfriend through my banking app, that was blocked as well. I immediately called my bank and they said because of the large check there was a restriction put on my account. I understand that it would take a while for the check to clear, but I was told because it was such high amount I cant access any of my funds from any of my accounts until then, however they said it should be fine by 9am the next day and that I should. That wasn't ideal but I have a credit card so I can survive. The next morning (yesterday) nothing had changed. I had to go to work so I was not able to call, but figured Id go to the bank in person when i got off. The Private Client Banker was very friendly and seemed helpful she basically said the bank most likely assumed fraud and was just being careful, she gave me her card and said she call me in the morning. When I checked my email later that night I got a message saying "You cannot use your account, and we will close it soon" Now the message was sent before I went to the bank, but still is stressing me out. Is there anything I should do in the mean time or just wait for the call? + +Edit: I received an email from the banker saying, the back office is asking to confirm the checks with my grandparents. What is the best way to have them do that? + +Edit: thank you for all the responses, I was given a lot of helpful information. It sounds like right now the only way anything is going to happen is by them speaking directly to them. This is weird because my brother was given the same check and they had no problem with him depositing his, most likely because I told him not to use the atm + +Final edit: Everything has been resolved, had the bank call them +Hi gang, + +It's that time of the fortnight. Updates and paddlings. You know the drill and you know you enjoy it! + +The market has been bouncing around a bit, not unlike the Russian Air Force in Ukrainian air space. + +Remember to try to keep your discussions relevant to the market. Talking about how a Russian invasion might affect your penny stock that owns some dirt 5 km from the border is one thing. If you want to go on a tangent and have a deep discussion of Russian politics, I'm sure there are better-suited subreddits for that type of talk. + +&#x200B; + +**UPDATES** + +\- u/ilyfish continues to raise concern after they spent review 15 [drinking in the rain](https://www.reddit.com/r/ASX_Bets/comments/sre4qe/dw8_the_troubles_i_review_a_wine_on_this/?utm_source=share&utm_medium=web2x&context=3) and review 16 listening to Gary Jules' "Mad World" [watching themselves drink in the rain.](https://www.reddit.com/r/ASX_Bets/comments/sxcnbk/dw8_mad_world_week_16/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/boldmanoeuvres, in pure bull form showed us the market can't react badly to WW3 if there is [no market](https://www.reddit.com/r/ASX_Bets/comments/swlwco/a_variation_on_a_meme_i_saw_on_wsb_this_morning/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +Apparently, everything is priced in, even people not realising so. + +&#x200B; + +\- u/peglegsmeg won the [opposite side](https://www.reddit.com/r/ASX_Bets/comments/sn3j9x/comment/hw143wb/?utm_source=share&utm_medium=web2x&context=3) to u/rhythm34's bet below + +&#x200B; + +\- u/HMS--Beagle has shown off some epic [loss porn](https://www.reddit.com/r/ASX_Bets/comments/t03cpk/530k_down_in_the_past_2_weeks/?utm_source=share&utm_medium=web2x&context=3) with u/rude_jello_377 also [showing theirs](https://www.reddit.com/r/ASX_Bets/comments/t03e6y/round_2/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**NEW BETS** + +\- u/Tommy23L bet **IHL** to reach **$1** by March 1st or they'll take a [month ban and donate $100 to Beyond Blue](https://www.reddit.com/r/ASX_Bets/comments/sprnbk/comment/hwhhc02/?utm_source=share&utm_medium=web2x&context=3) + +\- u/HMS--Beagle took the other side saying they'd [donate $5k to beyond blue](https://www.reddit.com/r/ASX_Bets/comments/sprnbk/comment/hwhrclm/?utm_source=share&utm_medium=web2x&context=3) if it does. Either way, charity wins so already a good outcome. + +&#x200B; + +\- u/aaronrizz will take a 2-month ban if **BRK** doesn't touch **10c** by the end of July. Currently sitting at 1.7c it's strongly recommended ban bets aren't made immediately after smoking hopium. + +&#x200B; + +\- u/A_Anderson151 has [joined a bet](https://www.reddit.com/r/ASX_Bets/comments/spiwmf/comment/hwfmmut/?utm_source=share&utm_medium=web2x&context=3) that if **EXR** is above **20c** at end of the month they'll take 2-week ban. + +&#x200B; + +\- u/Willemdafondle has taken their love of VB's to a whole new level, throwing $500 into **VBS** and [holding for the week](https://www.reddit.com/r/ASX_Bets/comments/spt1z2/comment/hwkpg41/?utm_source=share&utm_medium=web2x&context=3). If the cash out red it'll be a week's ban. If green, proceeds will go towards a bets tattoo. Looks like the only thing cucking them, other than taking them mum along with them for emotional support on first dates, is that liquidity. + +&#x200B; + +\- u/teeedubb hungover from drinking vodka in an attempt to be more Russian, has committed a [ban by mod](https://www.reddit.com/r/ASX_Bets/comments/srcmit/comment/hwrgf13/?utm_source=share&utm_medium=web2x&context=3) betting **Z1P** to **$14.53** by March 11 or a month in the gulag. + +&#x200B; + +\- u/BrettoStevens has popped their [ban bet cherry](https://www.reddit.com/r/ASX_Bets/comments/ss4ez0/comment/hww7l65/?utm_source=share&utm_medium=web2x&context=3) betting **AR1** to be **65 cents** by 30 June, or 3 months in the banned lands + +&#x200B; + +\- u/The_wombat2081 bet **GTR** to close **grey or red** on the 16th [otherwise a 2-week](https://www.reddit.com/r/ASX_Bets/comments/stfrn2/comment/hx4qb1x/?utm_source=share&utm_medium=web2x&context=3)[ ban.](https://www.reddit.com/r/ASX_Bets/comments/stfrn2/comment/hx4qb1x/?utm_source=share&utm_medium=web2x&context=3) + +\- u/The_wombat2081 going 2/2 bet **GTR** to close **grey or red** on the 17th and 18th [or a 2 week ban](https://www.reddit.com/r/ASX_Bets/comments/su8sq2/comment/hx9io74/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/Mysterious-ball-6640 bet **LPD** to close at or above **5.3c** by 19th March or they'll [take a month off](https://www.reddit.com/r/ASX_Bets/comments/stfrn2/comment/hx4z2j7/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/dick-face-dick-face bet **IHL** to break **ATH** by friday the 18th or [2 week ban](https://www.reddit.com/r/ASX_Bets/comments/stfrn2/comment/hx5024e/?utm_source=share&utm_medium=web2x&context=3) + +\- u/cohex quickly [joined in.](https://www.reddit.com/r/ASX_Bets/comments/stfrn2/comment/hx53du4/?utm_source=share&utm_medium=web2x&context=3) + +\- u/itmexD also [joined.](https://www.reddit.com/r/ASX_Bets/comments/stfrn2/comment/hx50bc0/?utm_source=share&utm_medium=web2x&context=3) At least they'll have each other in the banned lands. + +&#x200B; + +\- [u/imthewifesboyfriend](https://www.reddit.com/u/imthewifesboyfriend/) says LRS will close above 6c by end of march or [a weeks ban](https://www.reddit.com/r/ASX_Bets/comments/stq8gh/comment/hx8o3i2/?utm_source=share&utm_medium=web2x&context=3) + +\- [u/cheebaihai](https://www.reddit.com/u/cheebaihai/) took the other side saying it won't or a weeks ban. + +&#x200B; + +\- u/toolman2019 after not [not making a ban bet](https://www.reddit.com/r/ASX_Bets/comments/sxdpsg/comment/hxsx72r/?utm_source=share&utm_medium=web2x&context=3) for a while has bet **Z1P** to dip below **$2** by friday or 2 week ban and **SOR** to be above **.2** friday close or 2 week ban. + +&#x200B; + +\- u/webpage9 has given birth to a ban bet stating **IHL** [won't list on the NASDAQ](https://www.reddit.com/r/ASX_Bets/comments/sxn6ig/comment/hxt2dx7/?utm_source=share&utm_medium=web2x&context=3) in FEB + +&#x200B; + +\- u/Esquatcho_Mundo bet **LRSOC** would [close lower than](https://www.reddit.com/r/ASX_Bets/comments/su8sq2/comment/hx8xqxg/?utm_source=share&utm_medium=web2x&context=3) **2.7c** on the 17th, saving themselves from a week with plucky + +&#x200B; + +\- u/Cheebaihai bet **LRS** would close red [on the 17th](https://www.reddit.com/r/ASX_Bets/comments/su8sq2/comment/hx8hsv5/?utm_source=share&utm_medium=web2x&context=3), or a week's ban. Nice call. + +&#x200B; + +\- u/Mutated_Cunt has performed [ban by mod](https://www.reddit.com/r/ASX_Bets/comments/sy7149/comment/hxwlcvw/?utm_source=share&utm_medium=web2x&context=3) betting **Z1P** to close green or 3 months ban. They will be missed. + +&#x200B; + +\- u/mrpark3s also made a zippy bet say **Z1P** to have gone under **$1** [by friday 11th March](https://www.reddit.com/r/ASX_Bets/comments/sy7149/comment/hxwn7p2/?utm_source=share&utm_medium=web2x&context=3) or a 1 month ban. + +&#x200B; + +\- u/Satansfriendlycat is trying to do some voodoo trying to sacrifice themselves to get results. They bet **IHL** won't release [OSA results](https://www.reddit.com/r/ASX_Bets/comments/sz0wx7/comment/hy1mnid/?utm_source=share&utm_medium=web2x&context=3) this month, or they'll take 7 days in the "sin bin" + +&#x200B; + +\- u/AltruisticCurtains admitted to their inner bear and bet the **24th and 25th** to be **RED** or a [1 week ban](https://www.reddit.com/r/ASX_Bets/comments/szb18w/comment/hy5i8p5/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/Brilliantmove7 everyone's favourit troll made their 3rd [permaban bet](https://www.reddit.com/r/ASX_Bets/comments/szb18w/comment/hy358my/?utm_source=share&utm_medium=web2x&context=3) betting **VML** to close **RED** on the 25th or it's goodbye forever. + +&#x200B; + +**TICK TOCK** + +No **dildo stonk** purchases are currently outstanding. + +&#x200B; + +&#x200B; + +**BANS** + +All the bans from [last time](https://www.reddit.com/r/ASX_Bets/comments/sprnbk/no_rate_hike_make_homer_go_something_something/?utm_source=share&utm_medium=web2x&context=3) have been handed out... + +&#x200B; + +\- u/crashworx will serve [a weeks ban](https://www.reddit.com/r/ASX_Bets/comments/soqbkx/comment/hwbnxn7/?utm_source=share&utm_medium=web2x&context=3) for their failed bet. + +\- u/rhythm34 will serve a [weeks ban](https://www.reddit.com/r/ASX_Bets/comments/sn3j9x/comment/hw10gg1/?utm_source=share&utm_medium=web2x&context=3) for wrongly calling a **LRS** CR. + +&#x200B; + +**TL;DR** + +Спасибо, товарищ. Ваша курица теперь русская курица. +Hello, + +I've been a long time lurker, but figured I would share what I've been up to for the last few months. + +I've been working on a few different strategies (mainly mean reversion/momentum) with different variables/indicators using tick data. After many many many hours of tweaking, I optimized it further by isolating certain days of week / times of day (down to 30 minute windows) that performed the best on average, and it's now only trading those 'successful' windows. + +I've been running the below strategy (lets call it strategy A) live for the past 1.5 months and so far results match the backtest. Strategy A works extremely well with high volatility, which is why I'm trying to milk it while I can. :) + +It trades in very tight time intervals (average time in market = 13 mins), but is extremely selective about when it takes a trade, so that usually means a few trades per week. This is running on NinjaTrader (I coded it in ninjascript) and is trading 1 ES futures contract at a time. I built in a saftey-net where it halts trading for the day if the unrealized P&L drops below a certain amount, but so far it hasn't hit it. + +I'm working on another strategy that performs much better in various market conditions and is backtesting successfully going back 3+ years, but is even more selective about when it executes trades. Because of this, the trades are even more sparse, but with an increased contract count, it performs quite well. + +EDIT: There's been some confusion about how much capital I'm using. My broker only requires $1k of margin for every ES contract. Since I started live trading (end of june), I've been using $1.5K USD total and I've only been trading 1 ES contract/order. I've added another chart below outlining what the results would look like if you were to trade 30 ES contracts per order instead of 1 (this would require 30K USD + more for buffer in case of drawdown, so 40-50K to be safe). The liquidity pool for ES futures is very deep, so in theory, you could run this strategy at 100+ contracts/order. + +Results: + +&#x200B; + +[Daily P&L](https://preview.redd.it/dh6qffnq6ff51.png?width=1505&format=png&auto=webp&s=654eee2aa6c112edb746e1eea30a4ba6f3e77dbb) + +[Cumulative Net Profit](https://preview.redd.it/2jwaizlm6ff51.png?width=1502&format=png&auto=webp&s=3171ff23d6c101635830a34347720cfea9c05c3f) + +[Strategy Stats](https://preview.redd.it/sipxrjko6ff51.png?width=1506&format=png&auto=webp&s=f7c0f4688bcb7916c0a4f61dce215ab355969f73) + +[Net Profit\/month with 30 contracts\/order](https://preview.redd.it/1im4kfqfykf51.png?width=1505&format=png&auto=webp&s=4177a210d57bcd9aee88657949b483a956f67aea) + +&#x200B; +Constant price speculation gets a little mundane. I'm curious what goals you're all working towards. My expensive ones are as follows + +- Replace flooring/tile ruined by mold and age +- Replace kitchen cabinets and drawers that are falling apart +- Replace fence in back yard that is barely still standing +- Remove oak tree that is too big and too close to the house +- Add solar panels to my roof and reduce my dependence on the grid +- Get implantable contact lenses + +Beyond that, I'd like a nice OLED screen and loads of various computer-related stuff that will depreciate in value quickly. +Has anyone reading ever has some decent ambitions, and then reached a point where you thought you actually had enough money? + + + +I hit 1m and while I never thought I’d retire at 1m, I’d still say my goals have grown. My dream world would probably take 25k/mo to fund which means I’d need maybe $6-8m, another decade of work. + + + +Now that I’ve reached 1m I keep thinking it doesn’t feel like enough, I feel like I can now understand and see just how easily I could lose that 1m. Essentially I don’t feel “secure” yet. + + +How do you all handle it? How does it feel to be completely secure? Do you not still want more? +My father is 62 and he has $0 saved for retirement. He can no longer work, as he has diabetes and recently got a foot infection. His leg may have to be amputated. + +He currently lives in a section 8 style apartment with subsidized rent with his significant other. They have hit rough times, and he may have to leave their home in South Florida. His income has been 0 for the last two years, so he wouldn’t qualify for any other place even if he tried. + +He says he wouldn’t qualify for Social Security. He was an accountant by trade, so I’m inclined to believe him on this. He immigrated to America as a young adult, so I do not know if that means he overstayed his Visa, or if he’s here illegally, or if that is just the law. + +I am so lost on what I should do. I make 30k a year and live several hundred miles away from him. Whenever I have extra money I send it to him, but that’s just not enough. + +Do you guys have any recommendations? I’d love to hear it. +Hi turbotards. + +Last time i posted about rgi dd at 4c and now its at 8c. +Some people call it dumb luck but ill leave that uo to you to decide. + +The next play ill present to you is csx. +Mc 450mil +Large marketcap but this thing has potential to 2x or even 3x from here within the next year. + +The cleanspace halo is cutting edge respirator that is currently sold out due to serious demand in the us for obvious reasons. + +This respirator is going to become the standard and all hospitals will eventually have a couple imo. + +TA: this is perfect time to buy the consolidation from initial pump at ipo is wrapping up and we are going to start trending up to 10 dollars soon. Then 1000 dollars!!!! + +Ive got another hot tip but i wont drop that one for you nerds just yet 😏 +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Get you selling fingers ready boys. Hopefully they just tell us they're doing a $10billion trade deal with daddy Elon + + +[link](https://www.abnnewswire.net/lnk/79X56LR4) + +I got the link from Yahoo finance so I believe it's trusted +Just as title states, it's up $40 since last night. Please provide informative responses and not random BS - thanks! + +I understand they have the fork coming and other implementations, but why is it rocketing right now? I don't get it +My brother and I were both soldiers, but he didn't make it out uninjured. He was assigned to Bagdad, and was a turret gunner in a quick response unit. On a slow day, as they were rounding a corner near a square, an IED was triggered sending the humvee into the air and catapulting him 60ft. They thought he was dead, and after securing the area realized he was alive. They flew him to Germany, then to Walter Reed, where he eventually wore up and was told he'd never walk, and that they had resected some of his lover and intestines. + +After a year in a wheel chair, and working hard every day, he was able to walk again, then run. I remember him telling me he couldn't wait to get back to his unit. The Army medically retired him though, and he went into a deep depression, with which he struggled for a number of years. He eventually graduated from college with an engineering degree, but his accomplishments were overshadowed by his PTSD. + +About 2 months ago, i showed him r/wallstreetbets and the dd that people were doing on the gme stock. He YOLO'd his savings and sold half at 302,giving him enough to pay off his mortgage! E talk everyday, and he just got an amazing job 2 weeks ago doing R&D in his major. He is focused, heavily invested in gme, and doesn't care what the price does. He likes the stock , and the community here have been encouraging and uplifting. + +THANK YOU ALL!!! you may not think you have an impact s an individual, but this is about more than just stocks. It is about people! + +To the moon!!! + +EDIT: I can't believe the love and support! I tried to respond and thank everyone for the awards and kind words, but can't keep up, so thank you all! I've got mad respect for my fellow apes! + +2nd edit: badass how many of you served! I can't believe the responses! A lot of amazing people here. +Just curious what opinions are - discounting that nobody knows anything. I'm of the opinion that we have reached relative oversold now for the near term. Biggest reason is that the current downturn is ahead of every other historical downturn except the great depression. We're down more than 2007-2009 or 2000-2003 were at the same point in time. We definitely have some financial issues to work through, but the economy isn't as FUBAR'd as 2008 was. The pessimist version from comparing with past downturns is looking at how far they were from an eventual bottom at this point in time. + +What do you think ? Scared - or greedy ? +Hello world 👋 +Just like yesterday: Lots of personal stuff to do ( don't worry, nothing too serious, everything is okay ) so I can't update every 5 minutes. +Sorry for the inconvenience, I will be back with my 5 minute schedule on monday 😊 +Enjoy your friday and let's see if we can close with 200 US-$ today 😉 + +Current price "85 minutes in: 160.38 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. + +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 $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting:                  164.39 US-$ + +10 minutes in: 164.33 US-$ + +70 minutes in: 164.27 US-$ + +85 minutes in: 160.38 US-$ + +NO UPDATES EVERY 5 MINUTES TODAY, PLEASE READ MY INTRODUCTION, THANK YOU ☝️ +I’m 37, and my net worth is between $4-5M including my house. I have a wife and a young child. It’s been a very rough year for me, 3 family members died of cancer including a parent. It really makes me question why all I do is work. I just want to quit my job, move somewhere less expensive, and make memories with my wife and daughter and enjoy/develop my hobbies. I haven’t gotten any meaningful done at work in 3 weeks and I feel depressed. + +Should I pull the trigger and quit? Do I have enough money for a comfortable middle class lifestyle indefinitely (~80k/year)? I feel like I do, even using conservative estimates of how fast my savings will grow (or not grow). + +Will I regret it? I know if I quit I’ll lose my prestigious job and position and it’ll be a tough climb back. + +Help me please. + +Total annual compensation: $480k as a Senior Software Engineer at a major software company, wife makes $240k. We would probably retire together. + +Rough view of finances: $600k cash (too much, I know), $2.6M in investments (that we would owe taxes on at sale), home conservatively worth $1.8M but we would move somewhere else and buy a similar sized home (2200 square feet), $800k mortgage and no other debt. Some other miscellaneous investments and assets worth $200k. +I made the decision about a month ago to go ahead and sell my house and move into an apartment. The initial reason was I have to drive 50 - 100 miles a day because I live in a rural area. Vehicle gets 24 MPG tops, so this is a big financial drain. Yeah, I like my truck, but I honestly bought it because I get few city services where I live and need it. Otherwise, I would've stuck with my compact car and saved a \*lot\* of money. + +&#x200B; + +After thinking about it some more, I found I am not a very handy person and have to hire way too much help to repair problems, hate mowing a yard I never use (now pay 80-160 a month for someone else to mow), etc. It's a financial burden to say the least. + +&#x200B; + +This all seemed pretty logical to me, but a lot of my friends and family say I have lost my mind. Granted, these are the same people that consider a huge house desirable and stuff their house full of junk. I just don't value things most people do. My current house is about 1200 sq ft and I still think it's too large. Half of my furniture is unused and just there for a decoration. + +&#x200B; + +I am 32 now and really wanted to go this route before I even moved out. Bought a house because everyone thought it was a great idea and would be a great investment. Somehow, the American dream of owning my own home hasn't been so nice. + +&#x200B; + +Am I wrong about all this? Are my family and friends right? Thoughts? +(TLDR at bottom). Hello all, so as the title says, I need some advice or pointers to understand what I can do to survive the next year. I am going to bullet-point my circumstances as it is a lot to take in, even for myself. + +* On a gap year before university because mom passed away a month ago (I don't feel as if I could do studying at university or the whole socialising deal which goes with it just yet), no father present. +* Living with my Grandparents since 5th Sept, however there's not enough room for me (in my uncles room temporarily). Signed over tenancy to old house (council), couldn't afford rent. +* I have £1500 (bank) and £400 (cash) in savings as of now, decreasing everyday (bus journeys, food etc) as well as a £250 advance from Universal Credit (which I had to do for proof of income to apply for housing, as I had no previous proof of income). +* I'm unemployed with processing UC application, being sent jobs by Job Centre Plus for Kickstarter program (6 month long, minimum wage = just less than £4000) unsure whether to apply. +* Waiting for Council to get back regarding housing application (on priority as homeless). +From my old house I have in storage a bed, mattress, draws, wardrobe and desk and a fridge - as well as all of my possessions. + +One concern is that I have no idea what Universal Credit encompasses- like for example, I know it includes housing support, but there's so many technicalities to everything that trying to read and understand is just stressful. Because of this, I'm unsure whether I should apply for these Kickstart roles or not, or if a Kickstart role is even any good (the Job Centre seem to be pushing them for some reason, and from what I've read it seems exploitative). I don't know whether I'd be better off finding a job or not, or even how to get a proper job (no luck on Indeed so far after months...). Government website, while very well put together, is sometimes so ambiguous with their wording and sometimes flat out not detailed enough. + +I also have no idea what to do regarding housing. I need to live on my own, pay rent, utilities and so on, as well as save for university next year (SFE Maintenance loan just about covers the accommodation!). I just feel overwhelmed and it feels like I'm expected to just *know* how to live. Even small things like an oven/grill - am I going to spend hundreds just for 10 months. I'd be happy with a 1 bedroom shed so long as I could survive, but the private rate seems to be \~400-500, and there's very few listed online. Realistically, I don't think I'd be able to afford that, but again, I have no idea because nobody has told me how UC works. (finally starting to understand why people say school is useless lol...) + +I say all this out of ignorance. I really have been thrown into this situation and I have no idea where to turn regarding getting advice for my short term. 3 months ago I was just a Year 13 student, now I'm expected to live on my own and do everything for myself. Grandparents are great, but they don't have the financial or housing capacity to help me, they're paying for the funeral, which was very sudden, and aren't very wealthy. Sorry if this is a mess, or if I've left out something important- let me know and I'll get back to you. + +tl;dr - parent died, no home, £1900 in savings, what do? + +&#x200B; + +EDIT: the AutoModerator has made it clear in the verification DM that I should be asking only financial and not housing / job related questions, so to help the process of getting this posted, here is the official pointer that "I only want advice regarding UC / my finances" (although if you have anything else to say about my situation, I'd be more than appreciative). + +Thank you everybody who replies in advance. It really does mean the world to me. +I’m new here and was curious what your thoughts were. Interested in a dividend etf, I was leaning towards VYM but right away I see SCHD is mentioned a lot here. Is SCHD the better way to go? Any particular reason? Thanks. +XRP is in a massive pump. Just from mid-Dec. at .25 cents to today at $4. Less than 3 weeks. XRP will not hold the gains. Watch the money flow into ETH like what happen back last spring. ETH is the real deal with the most adopted blockchain by all standards. 1.3 million daily transactions with 1000's of Dapps and scaling coming. +Wow. I just did a post asking if I had lost 20$ on a small transaction... 30 seconds later I got a message offering help and saying I could "re-validate the transaction with the idapps interface". Quick google showed scam but I let him go on. Sent me a link and instructions that I should link my wallet inserting the seed phrase. A minute later another, then another, than another. There were 3 when I began writing and now there are 5. Some say I have to input my phrase to get a QR code or even a "bar code"! I'm missing 20 bucks here, guys. I can imagine what happens to people who announce problems with bigger amounts... + +A word of advice: If someone has something good to say, they will do it in the open, using the comments. Don't trust people who are trying to help you on the side. Not here. + +Should I edit and add their usernames on this post or is it against the community rules? + +Edit: I have reported all of them. Unfortunately reddit doesn't have a "scam" option to report and the closest one i found was "impersonation". Now reddit just answered all of them saying "the content doesn't violate reddit's content policy". hmmm +https://preview.redd.it/7g18khg3zx271.png?width=1227&format=png&auto=webp&s=fbdd208906bbe8ef8ea604a497b88b8fe9491e3a + +https://preview.redd.it/d4h6bxs3zx271.png?width=1227&format=png&auto=webp&s=40fe2e8960a99c4f118d07a20b13711cafa6aa70 + +https://preview.redd.it/kp8pi8vjzx271.png?width=1227&format=png&auto=webp&s=75181eb0258329530553c4dd1c4e609a4892cf2c + +&#x200B; + +**TLDR:** They agreed to give me 2 hours of research and a max of 100 pages of research on the subject of SR-DTC-2021 and declined to waive any fees beyond that. I filed an appeal not to appeal them denial to waive fees, but i appealed in order to change my FOIA's fee classification and offered to give them a bunch of money so that they'd do a better job at finding ANY information on SR-DTC-2021-005. + +Basically offered to throw a decent portion of this month's salary on this, but i think it's worth it. If i can do it, you can do it. Though they already accepted the request, 2 hours of research sounds abysmally small. This extra cash i offered should at least increase that to 10-15+ hours of research on SR-DTC-2021-005 or two full working days of research IF my appeal is accepted. + +&#x200B; + +Now you're not gonna like this part, and it will get me hated by many but i don't care so there. Hate away all you like. I doubt i'll get banned for this, but if i do, oh well, still hodling, still love GME. + +I have a few basic life principles and those are to be truthful and transparent even when non disclosure is the better thing to do, like in this case below. Chill this is a public forum and there's nothing weird going on, our mods are great and so are you. Remember... public forum... public... everyone can see it... ok? If you don't like my reply, tough luck. You should have made your own FOIA. If you don't like me mentioning superstonk, tough luck. "I can't believe you wrote that, have my downvote" /shrug. + +Now onto (you) getting mad as heck. Here's my appeal. Not gonna even hide it and keep this thread with 0 controversy, no, you get to see what shit i wrote and you get to be a keyboard warrior about it. + +Got out of bed at 2AM to and spent 2 hours writing everything and compiling all of this so i can get flamed, believe it. + +&#x200B; + +&#x200B; + +&#x200B; + +>Hi, +> +> Based on your determination that the fee waiver should not be applied to this request, i'd like to request a change of fee classification. +> +>As the fee waiver has been denied, i'd like to pay the amount of $1000 dollars US (up-front) in order to cover any additional hours of research that may be required beyond the initial 2 free hours and 100 free pages offered under 17 CFR 200.80(g)(3)(i)(ii)(iii)(iv)(v). +> +>Additionally, I'd like to express the willingness to pay additional fees in case it's required for additional research hours or duplication fees that however do not exceed $500 dollars US. +> +> As for the reasons behind requesting the information in regards to SR-DTC-2021-005, a portion of retail traders such as myself as well as another \~350 000 on a single sub-reddit such as /r/SuperStonk have dedicated the past 4 months on learning everything possible regarding the US Securities Markets from the ground up. +> +> +> +>4 months ago, said community did not know what an option contract was, today the community does quality DD (Due Diligence) papers every day on subjects directly related to the US equities market market mechanics, old SEC regulations and their pros and cons as well as an extremely big interest in the newly filed OCC, FICC, SEC, DTC regulations that were filed in the past 2 months as a response to the increasing risks in the US markets in general. +> +>During their and my own research into the various new regulations filed, passed and implemented, we noticed that a single regulation that was filed (SR-DTC-2021-005) was removed with no notice within 1 week of it's filing. The reddit community /r/SuperStonk of which i am part of has since then done it's own due diligence on the subject of SR-DTC-2021-005 in general as well as due diligence on the actual sudden disappearance of the regulation (SR-DTC-2021-005). +> +>Two of the more easily digestible threads in regards to the disappearance of SR-DTC-2021-005 as well as a mail of correspondence between a redditor and a SEC employee can be found here: +> +>[https://www.reddit.com/r/Superstonk/comments/mzkf8v/where\_is\_srdtc2021005/](https://www.reddit.com/r/Superstonk/comments/mzkf8v/where_is_srdtc2021005/) +> +>[https://www.reddit.com/r/Superstonk/comments/ncnz1l/where\_in\_the\_world\_is\_srdtc2021005\_we\_were\_told/](https://www.reddit.com/r/Superstonk/comments/ncnz1l/where_in_the_world_is_srdtc2021005_we_were_told/) +> +> +> +>I suggest that both threads/topics are at least skimmed through and the SEC employee - reddit correspondence be read so it may serve as context. +> +> +> +> It has been approximately 2 months since SR-DTC-2021-005 disappeared from the DTCC website. According to the correspondence between the SEC employee and the redditor posted above, the re-filing of SR-DTC-2021-005 should have been a matter of 1 week. +> +> Myself and the reddit community (As well as other communities such as /r/amcstock) who have been tracking all the new incoming SEC regulations extremely diligently are at this point in time concerned that the removal of this regulation with no notice at all whatsoever pre or post removal is a red flag and that it's something that needs to be looked into by the appropriate authority which in this case as it's understood is the SEC itself. +> +>Finally, as reddit and /r/SuperStonk are just a website and a community of retail investors from around the world, everyone is taking their own decisions on how to react on subjects related to the US Equities / Securities market. I myself am not a US citizen and do not live in the US or any US territories. I've taken the decision to contact the SEC in regards to this subject matter on my own volition as an EU citizen living in the EU and plan to make the results of this FOIA publicly available to all users on Reddit's sub-reddit named /r/SuperStonk. +> +>All personally identifiable information that falls under the EU's GDPR such as names, emails, phone numbers, addresses etc will be redacted before publishing. +> +>Thank you for your time. + +&#x200B; + +https://preview.redd.it/ohnm4upbyx271.png?width=1785&format=png&auto=webp&s=962f6bfcf8e0e77f0fe5fde203f3e1205e5a5fc6 + +https://preview.redd.it/e0fbo9q72y271.jpg?width=1440&format=pjpg&auto=webp&s=0c3bf6d58ac8a22c4f1eba3d145102fd4abfef45 +I’ve been researching CNQ to take a large position (for me) in it for the next 12 months. Would love to read what others think! + +**Hypothesis**: the volatility in oil will provide an opportunity to take a low-risk, high-reward position in the energy sector via CNQ in the next 2-3 weeks between $60 and $65. I qualify them as low-risk due to their high margins (lowest cost of oil extraction amongst majors) and large, diversified position within the CA market. + +**Business Highlights** + +* CNQ is Canada’s largest oil producer with a reserve life index of 19.8 years +* Solid management team and a diverse board +* Production is growing in second half of 2022 led by Clearwater assets +* They have a good safety record in comparison to peers (see SU) + +**Commitment to Shareholders** + +During the last earnings call, CNQ offered a special dividend of $1.50 to all shareholders. This is in addition to the $0.75 per quarter dividend that shareholders are already receiving. The CFO confirmed 3.3 billion in free cash flow remaining for Q2 after paying $900 million in dividends and $1.3 in capital expenditures. They finished Q2 with $12.4 billion in net debt after reducing it by $1.4 billion. + +The net debt is now below $15 billion. CNQ has created a policy that when debt is below 15 billion, it is to spend 50% of its free cash flow on shareholder returns. CNQ calculates its free cash flow as net of dividend commitments. This 50% can be spent on share repurchases (over 4 billion so far in 2022), debt reduction and special dividends. CNQ has further committed to increasing shareholder returns once net debt reaches 8 billion, which is likely within the next 4-7 months. + +**Analysts’ Take** + +21 analysts cover CNQ. 7 holds, 11 buys and 3 strong buys. + +RBC - $90 + +JP Morgan - $94 + +TD - $92 + +Stifel - $111 + +Goldman - $125 + +**Technical Analysis** + +CNQ hit a bottom at just under $60 on July 14 and is currently declining. If we get a double-bottom and a bounce off $60, that would be a bullish indicator (W-Pattern). + +**Price Range** + +* 52-week low of $40 was in Sept last year. By January 10, 2023 their new 52 week low will be $59. +* 52-week high of $87 was on May 31 when Russia suspension was announced by EU and WTI was at $115. + +**Risks** + +* Global oil demand could decline as interest rates rise +* Green energy activism causes disruption +* Iran deal could bring more supply into the market (officially) +I am talking about hoge.finance + +I looked in the past few days for a coin to throw some couple hundred of $ for 'fun' in the hope that will 100 x + +Cool aspects: + +It's new, less than 3 weeks + +6.000.000 $ market cap + +1% burn every swap + +1%distribution to holders every swap + +All supply added to liquidity + +Intital supply was 1000 billion but now is 436 billion and keeps on decreasing + +It already 300x from the past days + +Listing to an exchange in the next few weeks + +From everything that i read, it seems a good fun investment. With 100 $ you can buy now about 15.000.000 of these tokens. +It' more of a meme coin.. i know..i know..but we have all seen what doge did. +In fact this coin is a copy of doge but DeFi. + +What do you think...should i buy into it? Do you think it' s worth a moonshot? Check the website of the hoge.finance if you want to know more, i am a newbie so i don t understand all the tokenomics. +With health care systems under intense scrutiny during the pandemic, Vancouver’s Well Health Technologies Corp. has seen massive growth as it invests in digital tools to make care more efficient for clinicians and patients alike. + +Well’s share price has risen nearly 350 per cent this year, to $6.98 on the Toronto Stock Exchange at the end of Friday, as the pandemic-dominated period has seen health care practitioners and clinics invest in telehealth and other digital health technologies. What began as a network of yoga studios has turned into a nimble medical-technology company with its sights set on improving how health clinics work. + +In the past five weeks alone, Well has launched an app marketplace for clinic owners to find ways to manage aspects of their business such as online booking and workflow automation; announced a US$14-million controlling investment in the U.S. telehealth company Circle Medical, giving the company access to health care markets in 35 states; closed a $23-million private placement led by Hong Kong billionaire Li Ka-shing; and revealed a $70-million bought-deal financing underwritten by Eight Capital and Stifel GMP. + +In an interview, Well’s founder and chief executive Hamed Shahbazi said the company wants to take a long-view approach seeking technology that improves health outcomes. “It was not too long ago that we didn’t even know we needed to sanitize our operating tools," he said. "Technology is responsibly for our life expectancies increasing. ... We can’t take it for granted.” + +Technology wasn’t really what Mr. Shahbazi had in mind when he first founded the company as a network of yoga studios licensing Deepak Chopra’s eponymous yoga-studio brand in Canada. In 2017, it listed on the TSX Venture Exchange under the name Wellness Lifestyles with a reverse takeover. That same year, PayPal Holdings Inc. bought Mr. Shahbazi’s payment-processing company, Tio Networks Corp., for US$304-million – although PayPal suspended Tio operations several months later after a data breach was found. + +Mr. Shahbazi first had no intention of running Wellness Lifestyles day to day, but soon became curious about the state of primary care in Canada. Everything he studied about Canadian health care, he said, “seemed to point at all this fragmentation in the system.” + +Technology adoption has been slower here than in other countries. The 2019 Commonwealth Fund International Health Policy Survey of Primary Care Physicians, for example, found that a low percentage of Canadian doctors were able to electronically share information with other clinical providers: Just 22 per cent could share patient clinical summaries, for example, versus 93 per cent in Norway. + +Although Canada’s health care system is public, Mr. Shahbazi realized its many privately owned medical clinics could benefit from technology sold at scale – saving their already busy physicians from having to deal with issues such as network security on their own. With Tio sold, Mr. Shahbazi became Wellness Lifestyles’ CEO in May, 2018. The company rebranded as Well Health Technologies two months later, refocusing on primary care. + +Mr. Shahbazi is a consolidator at heart and looked up to Canadian software acquisition powerhouses such as Constellation Software Inc. and Enghouse Systems Ltd. as he built up Tio in the previous decade. He’s building Well the same way. + +The company now has a network of 20 physical clinics in British Columbia; a new subsidiary to expand its “allied health” holdings, such as sleep, mental-health and physiotherapy clinics; and a network of digital services that the company says serves more than 2,000 clinics and more than 10,000 physicians, largely in B.C. and Ontario. The company now has 266 employees on top of its health care practitioners, who work as independent contractors. + +Well’s growing cache of software and partnerships is largely based off of the McMaster University-founded Open Source Clinical Application and Resource (OSCAR) system for electronic medical records. Mr. Shahbazi said he hopes that centralizing much of this software in Well’s new app marketplace, called apps.health, will encourage more medical clinics to invest in digitization. + +Laurentian Bank Securities analyst Nick Agostino said the company’s acquisition-heavy approach was wise. “Having both physical and virtual clinics makes a lot of sense to grab hold of patients and capture recurring revenue," he said. + +In Canada, Well’s strategy most closely competes with blended virtual-physical health care investments by legacy companies such as Loblaw Cos. Ltd. and the growing health wing of Telus Corp., Mr. Agostino said. + +Well jumped from the Venture Exchange to the TSX this past January, and its strategy has since pushed its market capitalization to more than $1-billion – more than triple the value of Tio when it was sold to PayPal. + +Analyst Doug Taylor of Canaccord Genuity raised his price target for Well to $8 from $6 last week as the company announced its app marketplace at a moment when investors are already interested in health care technology. “Well stands to benefit from streamlined cross-selling of its growing stable of proprietary health care technology assets and revenue sharing from third-party software,” he wrote in a research note. + +The pandemic-driven shift to digital pushed Well’s revenue for the quarter ending June 30 to $10.6-million, up 43 per cent from the year prior. Digital services accounted for $2.3-million of that – a 1,212-per-cent increase from the year earlier, owing to pandemic adoption and Well’s acquisition spree. + +https://www.theglobeandmail.com/business/article-well-health-ceo-sees-canadas-health-clinic-market-as-ripe-for/ +How do algorithmic trading systems usually *consume* structured event data? +To be clear, I'm not referring to price / market information, but metadata like news sentiment & happenings (e.g. announcement of company merger, executive departure, ..). I'm also *not* looking for instructions on how to *get* structured event data, I'm trying to figure out how traders can work with already existing event data. + +I'm looking for + + - information & terminology on this approach (there must be a proper name?) + - general strategies for consuming this type of data + - specific formats that are commonly used + +I'm happy to dive into any books, source code, whatever resource or other jumping off point that might be helpful. + +For context, I'm building a crypto intelligence platform - basically it aggregates meta-information from many sources (source repositories, social accounts, blogs, forums, governance) into a structured feed of events (releases, partnerships, listings). This has the massive advantage of low latency & great coverage compared to human-curated feeds. I'm exploring how this might be used by trading systems, but I'm completely green in that regard. + +TLDR: I have structured event data that seems relevant for trading, how can I get it to traders most effectively? + + +PS: Also, if anyone here is actively trading with crypto, I would be happy to chat to understand your perspective better & see how I can help :) +We are working couple from Germany. We save around 4k per month and invest most part into world ETF and rest sits in the bank. +We stay in a rental apartment and in near future want to have kid too. + +Should I check and invest in real estate also? The prices looks so high for me so I never bothered. But with mortgage this becomes easy to take leverage. + +Any advice on how to think about real estate investment would be welcome. Thanks. +I often see threads on other PF subs about how to increase income with a side hustle (either second job or passive income) but it doesn't seem to be prevalent here. I also know from living in Europe (France, Portugal and Sweden) that it's not very common. I have some ideas as to why this is, but I'd be interested to hear your views. Some general questions for the discussion: + +1. Why do so few people have side hustles in Europe? +2. What are some side hustles that you can think of? +3. If you have a side hustle, how has it impacted your taxes? +4. If you have a side hustle, was it worth it? In terms of reaching your financial goals and affecting your quality of life. +I'm an L6 level engineering manager at big tech in Socal making around 350-400K / year. 40 years old, single, no kids, $1M in public stocks with no unrealized gains. My goal is to get to $5M. + +The logical path is to keep grinding at big tech, chase the next promo, and continue saving but it's mind-numbingly boring (I've experimented with different roles, worked as a Sr. PM, worked in different cities and products etc.). I've lost all my interest working for someone else. + +As a former full-stack developer with product/engineering management experience in big tech, my strength would be building and launching products quickly as a sole-developer. My plan is to double down on that, quit my job in the following months, move to somewhere cheap like Portugal, and launch simple products rapidly ("Portfolio of Small Bets") and try getting traction. I don't want to go through the typical startup path where I raise capital and build a team. 3-4% SWR on my $1M savings will give me a considerable runway in places like Portugal. + +Has anyone done something similar and got to fatFire from leanFire via this path? Any recommendations? +Hello all, + +For the first time in my life I have some savings ($3,550), and I need help budgeting my money. I am in a very privileged position because I’m currently living with my parents while in graduate school, so I have to pay for very little of my living expenses. Because of this, I want to take advantage of my situation and save as much as possible before I finish my degree (end of 2021). + +I have a $20,000 school loan that starts accumulating interest at the end of 2021. I have a part-time job where I earn roughly $650 a month. + +I do not currently have a credit card or any investments (both kind of scare me). My goal for the end of 2020 is to have a substantial savings and loan funds. Then in 2021 I plan to get a credit card and start investing. + +I am not sure where to start, so i am turning to y’all in an anxiety-filled early morning post on any and all tips on where to begin. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I finally paid off the last maxed out card debt I had been carrying from my dumber, less financially responsible years yesterday. The only card we have now is a Sapphire Reserve we pay in full every month. + +It ain't FI/RE, but it's a helluva lot closer to financial independence than I used to be. This is a milestone I didn't think I'd reach for years. Thanks for the support and guidance, y'all. + +EDIT: This blew up quite a bit. Thanks for all the kind words and encouragement, everyone! To those asking how, it's really as simple as the sidebar makes it. I set a **realistic** budget (in that I didn't plan to be 100% perfect all the time, I worked in various "release valves" that allowed me to fail occasionally without falling off the horse) and I really, no kidding kept to it. It also should be said that a much better paying job went a looooong way, too. + +I only say that to take the guilt off some folks. Sometimes, it really is just because you don't have enough money. You can cut out everything until there's nothing left to cut out, and you can still not be making enough money. So don't beat yourselves up as much as I have in the past. + +Then after that — sticking to a budget, decreasing your spending floor, and increasing your income ceiling — it's just a matter of time. That's the hardest part, sticking to the plan. But if you do, it works. +Hello, anyone here have any experience buying trailer parks? I see a lot of the private equity companies have moved into the space over the last 10 years in a big way and I think its a place to get outsized returns, I also can see it being a big headache to manage. I noticed this place on Loopnet and the returns seem much higher than you can get in traditional multi family real estate. + +&#x200B; + + [https://www.loopnet.com/Listing/3180-N-Adrian-Hwy-Adrian-MI/7237662/](https://www.loopnet.com/Listing/3180-N-Adrian-Hwy-Adrian-MI/7237662/) + +&#x200B; + +Whats the big catch? Thanks, love this sub and the knowledge I have gained here. +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! + +There is a ton of FUD and misinformation circulating the internet about the current MtGox situation so I will try to clear it up a bit and be as brief as I can be (definitely not a TLDR) + +Mtgox was hacked and lost well over 700,000 Bitcoins. Eventually they went insolvent and shutdown. They filed for bankruptcy shortly after leaving people without their cash and bitcoin. + +During investigations they "recovered" 200,000 BTC. I do not remember the cash they had on hand because it was irrelevant compared to the debt owed. + +The bankruptcy court calculated Mtgox's liabilities strictly in fiat or JPY to be specific. Bitcoin was valued at approx. 480ish USD before the bankruptcy commenced. Bitcoin was pegged to this USD value to figure out Mtgox's debts/liabilities to creditors. If you lost 10 bitcoins on Mtgox the best you could hope for was a little over 4800 USD at BEST. Initial calculations were expecting only around 20% of that after everything was liquidated. It was never certain if everything would be liquidated and we'd be forced to take fiat or if we'd have the opportunity to take 20% in bitcoin instead. + +Fast forward to 2017. Bitcoin has blown up in price and has also added more value with forks such as Bcash. Mtgox is now 100% solvent in regards to fiat owed. However we are still only owed 480 per bitcoin legally according to bankruptcy law, Mark Karpeles and his investors stand to receive all the remaining Bitcoin and it's forks once the tiny USD debt and legal fees are paid off. + +This pisses a lot Mtgox victims off, some of them work together and lawyer up. They have filed for a civil rehabilitation request to the Japanese court. If the court accepts this request they will split the remaining BTC to all the victims instead making Mark Karpeles filthy rich. + +Fast forward to the very end of 2017. The bankruptcy process is still on going. The court has given the trustee permission to liquidate enough bitcoin to fill all of it's current liabilities (all fiat owed and 480 per bitcoin lost). No one knew about this. They obviously wouldn't announce it since the market would panic. + +The trustee has sold enough to cover the current liabilities or VERY close to it. So at this current moment he has no reason to sell anymore and legally can't since the court still has not decided who will get the remainder. The rest of bitcoin will just stay put until they decide if civil rehabilitation will pass or not. + +This could take months or even years before they figured out who gets the rest of the bitcoin, and how they will disperse it. Their is also the possibility of reopening claims to people who missed it or forgot delaying the process even longer. They rushed this market sale to ensure they could fulfill all the debts they had while it was doable. + +I assure you 166k bitcoins aren't going to flood the market tomorrow like a lot of FUD is claiming. + + + +- + + +**AMA: We are the UK’s largest debt charity StepChange, Ask us Anything!** + +Debt Awareness Week 2022 is all about helping people open up and get the help they need. Anyone can fall into debt - for all kinds of reasons. There is nothing to be ashamed of. + +Here at StepChange, we recognise that many people find it difficult to talk about debt, that’s why we provide free, non-judgmental, and confidential debt help to hundreds of thousands of people every year. Our advice and solutions are based on a comprehensive assessment of your situation. We also provide practical help and support for however long it’s needed. + +**Unsure whether or not you need debt advice?** + +We want you to know that we have lots of information on our services and solutions. You can put a budget together at your pace, and you can also talk it over with an advisor through online chat. + +Whatever your financial solution, by answering a few simple questions, StepChange can provide support and guidance to help you understand what to do next. Find out more by using our 60-second debt test + +[Take the 60-second debt test](https://www.stepchange.org/debt-test.aspx) + +If you need free and confidential debt help that’s specific to your situation, please use the online debt advice service here: [Debt Help](https://www.stepchange.org/debt-advice-start.aspx), or use our [Contact Us](https://www.stepchange.org/contact-us.aspx) page. + +**Get any of your debt questions answered here.** + +From 10am on Wednesday 23rd March until 4pm on Friday 25th of March, trained advisors from StepChange Debt Charity are here and waiting to answer any of the questions surrounding debt that you may have. We're a friendly bunch so please don’t be shy! + +Important: The advice and help provided to an individual poster is based only on the information provided by that poster. Advice on this thread is also particular to the individual who has asked for it and is likely to be specific to that person’s situation. *A poster may have provided further relevant information by private message which will not appear on this thread.* + +*Important: FCA regulations mean that StepChange is unable to give full debt advice or recommend any debt solutions through this AMA. If they feel you’d help from getting a full debt advice session, they’ll mention that in the reply* +Some initial earnings here from HITIF this morning: + +* **Revenue increased by 118% to $24.9 million in the fourth quarter of 2020 and by 166% to $83.3 million for the year ended October 31, 2020. Note that the quarter does not include any contribution from META Growth Corp., the acquisition of which closed subsequent to the end of the quarter.** +* **Gross profit increased by 112% to $8.7 million in the fourth quarter of 2020 and by 172% to $30.8 million for the year ended October 31, 2020.** +* **Gross profit margin in the fourth quarter was 35% and 37% for the fiscal year ended October 31, 2020.** +* **Cash on hand as at October 31, 2020 totaled $7.5 million. The Company’s cash balance has subsequently increased to approximately $38 million as of today.** + +This is a company that depends on retail and in part on their brick and mortar stores. I am actually very surprised they were able to do this well during the harsh COVID period that was the fall/winter. I would of been impressed with much less. + +So let me see...this is a growth stock with huge potential as pot becomes more legalized globally and also its a reopening stock as COVID gets under control this year and their stores maximize sales. + +*“Despite the global slump in retail sales associated with the pandemic, and thanks to the tireless efforts of our team, we closed the year with approximately $8 million in Adjusted EBITDA making 2020 the best year in High Tide’s history,”* said Raj Grover, President and Chief Executive Officer. + +[High Tide Inc. | The Rising Tide of Cannabis](https://hightideinc.com/) (go to NEWS for related info on earnings etc.) +THIS IS THE SECOND PART, SEE PART ONE HERE: [https://www.reddit.com/r/Superstonk/comments/n1vubv/stonky\_news\_special\_report\_dr\_susanne\_trimbath/](https://www.reddit.com/r/Superstonk/comments/n1vubv/stonky_news_special_report_dr_susanne_trimbath/) + +[ Dr. Susanne Trimbath AMA Transcription. Summaries, supporting materials, punctuation and memes brought to you by u\/Bye\_Triangle, u\/Luridess, u\/Leaglese & u\/Cuttingwater\_ ](https://preview.redd.it/2778p79gwbw61.jpg?width=1432&format=pjpg&auto=webp&s=dbad9f8f2cc6a3d586134f52aa33197ce7b084e1) + +**THE EVIDENCE** + +* Atobitt + * So, right there at the top more than ⅓ of companies receive more votes than shares that are outstanding. + * That is direct evidence of what we are talking about here. Now I want to really drill into the FTDs. + * The ‘open positions due' to the NSCC, and these are quotes from your book, 3.4 billion open positions due to the NSCC, open position to ***buy*** participants with the NSCC was 2.45 billion, that results in open total fails 5.8 billion in 2005 or? +* Dr. T + * 2000? or something like that +* Atobitt + * 2005 or 2007 or something? Something like that and from that, I pulled the same report 2019-2020, 2020’s total and they’ve thrown this euphemism on there now it is no longer fails it is ‘open positions for which a trade guarantee is applied’ +* Dr. T + * Right, there is only that when there is a fail, as otherwise, it’s just due next week or… +* Atobitt + * Would you be surprised to know that your $5bn figure in 2005, basically pre-financial crises figure of 08, has turned into a $183bn figure? +* Dr. T + * Not really, but keep in mind part of that is there are more issues being traded in, there are… there are more types of issues since 2005-2006 NSCC has added ETFs, mutual funds, they’ve got some bonds through there so there is more activity, more numbers to settle that's certainly true so that’s why when you use those figures in HOC or everything short, to put a denominator on there +* Atobitt + * There’s that distinction, yes +* Dr. T + * It’s a multiple something, a fraction of something, so when I look at the $183bn open positions, I want to go look at the Clearing Fund, because if that $183bn doesn’t show up, it’s the Clearing Fund that NSCC would draw on to cover that. + * So that’s, for me, that’s the denominator. Like I said a multiple or fraction, in the 03, 04, 05 if there were 40x if the FTDs were 40x the Clearing Fund if those fails really fail there is no way … +* Atobitt + * It’d be game over, *game over*. + +**TL:DR 🦍 Summary:** + +* The direct evidence of naked shorting exists and remains today in that over ⅓ of companies receive more votes than are actually outstanding. +* FTDs have been classified in a new way, ‘open positions for which a trade guarantee is applied’ and on Atobitt pulling the same report Dr. T did at the time of her book, the problem has risen from a $4bn problem *to a $183bn* ***issue***. +* Dr. T explains she is not surprised the problem has grown to this extent, owing to the advent of ETFs, Mutual Funds, and increased trading, etc… +* Dr. T warns all apes that you need context, like a denominator (her example, the Clearing Fund) in order to contextualize and understand your DD and appreciate the bigger picture. + +**GET OUT OF JAIL FREE** + +* Atobitt + * We’re gonna talk a little bit more about these DTC proposals that have come out, I really wanna pick your brain on those. + * Yeah, that jump from to $184 billion was up $40bn alone from 2019, to your point about the Clearing Fund. Another point you illustrated in your book, was keeping the ratio or the volume of stock that’s being traded on the NYSE, and as a comparison showing, we have a volume increase for a period between ‘99 to ‘03 and ‘03 to ‘06, 3 years to 3 years, the volume of **total** trades increased by about 29%, ***for the same time frame, a 95% in FTD*** +* Dr. T + * So, I never met a number I didn’t like. Let me get a bit more math-y with you, so when reporters would go to DTC and say hey, why is the volume the value of fails gone from $5bn to $183bn? + * “We do more trades.” “Trade values are rising.” Bought as a percentage of transactions, processes still are a fraction of 1% but what I’m looking at is what is that change across time? + * So, if trade volume is the deal so fails are going up, then the change in trade volume should parallel this somehow, but it’s just not there +* Atobitt + * It’s just not there. To the point that you just brought up about that clearing fund, to the people that have been following my posts and your book talked about FTDs jumping like 1000% or 100% I also noticed these liabilities and assets going up, Citadel was somebody hard not to ignore in Citadel Has No Clothes, I don’t think you actually reviewed that, but the point I’m trying to make is that asset side, or liabilities side has jumped 100% the assets are held by the DTC who are supposed to cover those. + * Also looking at the Clearing Fund balance of the NSCC, we have another 100% jump so in 2019 we had a Clearing Fund balance of $4bn but the 2015 Clearing Fund balance is just under $13bn and there was a 119% jump from 2019-2020 alone. + * So we talked about the amount being held to cover these shorts, and they say well we will have fewer failures if we just have a bigger deposit account. +* Dr. T + * Well, there’s a relationship between the two now right so in, so in the comment leading up to the 2008 financial crisis, um I um, made the points in several places that what we just talked about, the Clearing Fund was a fraction of the fails right, that the risk in the system was enormous, to know that was, you know, because that’s, you know they are too big to fail, status, right? + * Okay so after that +* Atobitt + * The get-out-of-jail free card right? +* Dr. T + * Right, so probably in, I’ve forgotten the year as I said, so probably 09 2010, something like that, prior to that there was no calculation for the Clearing Fund that included fails. + * So it was a big foreign activity, the more trades you did, the bigger your end-of-day settlement, the more you had to put into your fund. That’s how the participants all put in different amounts based on what their activity is. + +**TL:DR 🦍 Summary:** + +* In 2005, FTDs and naked short selling resulted in a (*relatively if you read on*) small $4bn problem. Now, the problem sits at $183bn, with a jump of over $40bn from just 2019-2020 *alone*. +* Whilst stocks traded from 1999 to today’s date have increased by 23%, ***failures to deliver have grown by 95%***. +* Dr.T is not surprised owing to the increase in trades, ETFs, and mutual funds, and notwithstanding this, the number of trades and the Clearing Fund didn’t rise at the same rate as the FTDs as the potential loss. +* Atobitt’s theory is they just want to have more cash on account to cover the fails, and Dr. T clarifies that the Clearing Fund just is not enough as it wasn't in the 2008 financial crisis. +* Overall, Dr.T and Atobitt agree the players think they have ‘too big to fail' status to obtain a get-out-of-jail-free card. +* Dr.T also states the Clearing Fund used to be based on your activity in the market, but the recent changes do not reflect that. + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +**PUTTING THE** ***FAIL*** **IN FAILURE TO DELIVER** + +* Dr.T + * The fails were not calculated in there until *after* the financial crises and then finally at that point it was included in there so as the fails rise, now the Clearing Fund should be going up with it and coming down with it. + * I think it (*edit: the Clearing Fund*) is still short, I don’t think I’m, it’s definitely not bigger than the fails + * It’s not as far apart but again you have to look at this across time like what are the changes and then one thing that as I read HOC and Everything Short; you’re looking at those financial statements that’s where all the good stuff is +* Atobitt + * Yeah +* Dr.T + * That’s what if you want information about those NSCC fails, that’s where it is +* Atobitt + * One sentence can change your entire interpretation of what you just read on the previous page. +* Dr.T + * Right, exactly and then the other thing is that DTCC and all of its subsidiaries are self-regulatory organizations which means they are regulated by the SEC. + * Therefore, all of their rule changes, price increases, everything that they do has to be submitted to the SEC subject to public review, open for comment, I haven’t worked DTC since 1993 and the way I keep my knowledge updated is by watching their rule changes and watching, I mean, + * I look at their financial statements, they have continued to put less and less of what you really wanted to know and you know that reminds me of that old Paul Simon song, you know Make a New Plan Stan. + * As soon as you shine a light on something that you see that’s not right the cockroaches run from the kitchen, right? +* Atobitt + * Right…. Right +* Dr. T + * So, you talk about rehypothecation, the problem is really resubmit, reprice, right? And each time a failure occurs, it gets resubmitted for the next day’s settlement as opposed to being *called out.* + * And if it were called out you could start to really see those numbers come down + +**TL:DR 🦍 Summary:** Fails to deliver were not properly calculated until *after* the 2008 crisis. Dr. T expected the Clearing Fund to rise when failures were introduced, but she still feels it is *too short* (ironic no?). + +* The DTCC and its subsidiaries are *self-regulated* and are therefore only beholden to the SEC and public review (hence rule changes anyone?) +* When the rule changes occur, the cockroaches appear. +* If fails and naked shorts were called out in the open, Dr. T predicts the numbers of both would drastically decrease. + +&#x200B; + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +**NEW RULES, AND HOW WE MAKE A DIFFERENCE** + +* Atobitt + * I want to jump into recent proposals with DTC, we can spend a couple of minutes talking about this and what the implications are + * 003 filing - instead of doing this monthly reconciliation we’ll do it daily to make sure that you’re not getting too out of hand +* Dr. T + * That’s a minor technical point + * because every participant receives + * their settlement statement, an early one and then a final one; + * a position report and I say report because I’m old-school and it used to be paper, but now they go online and get one terminally \[electronically?\] + * when they become DTC members they agree that they are responsible every day for letting DTC and NSCC know if something is off + * And, if DTC or NSCC think something is off, they have 3 days to fix it. + * Once a month or quarter they have to physically sign a paper to say “yes we really looked at it” + * To say it went from monthly to daily is a technical correction because they were always responsible to do it daily +* Atobitt + * 801 ruling? The one that says if we find out your funds are not as up to date as it needs to be we can require you to update that deposit within one hour. +* Dr. T + * someone on the AMA asked a question-- if Reddit users are making a difference. + * **I think this \[801\] is clear evidence that it is.** + * **When you’re really calling attention to a problem and you’re starting to see rule changes coming out from DTC and subsidiaries, that’s evidence of an impact.** + * Because they’re looking at it and saying: + * “You know what? Maybe we need to check this fails balance more often because once a month wasn’t enough, maybe we should do this every day because look at Gamestop-- not only the dollar value but also the number of shares exploded.” + * Their risk can become-- can rapidly grow very quickly + * One other thing I want to mention is the [CSDR (Central Securities Depository Regulations), regulations in Europe](https://www.esma.europa.eu/regulation/post-trading/settlement) + * if you look at the website and search “CSD regulation”, you’ll find this information on their website: + * This regulation was supposed to go in 2019 + * then delayed it to 2020 + * then pandemic hit and it’s 2021, so they pushed it back to 2022 + * Basically, it says: + * YOU MAY NOT FAIL. + * If you fail, it’s mandatory that the buyer can go into the market, get the shares, replace what you failed to deliver FTD and charge you the difference. + +**TL:DR 🦍 Summary:** + +* Dr. T thinks that the difference apes are making is clear when you look at the DTCC and its subsidiaries. +* We actually have them taking action, to combat the issues we are talking about. +* Making rules changes acknowledges the problem, and acknowledgment is the first step to solving it. + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +**HOW THE EURO-APES SAVE THE DAY** + +* Atobitt + * Which is what the rule removed back in the day-- where they removed that mandatory buy-in rule within the US, correct? +* Dr. T + * no, it was always voluntary in the US +* Atobitt + * Oh, good to know. +* Dr. T + * There were some circumstances where this rule was mandatory. + * But they’re going to make this mandatory in Europe: yes if the buy-in fails the depository will reverse the trade + * That’s putting pressure on all the DTCC members in all categories because if they have to comply in Europe, they pretty much have to comply here too. +* Atobitt: + * Yea, it’s hard to maintain two separate books there +* Dr. T: + * Right-- watching this much more closely, there’s so much more going on. + +**TL:DR 🦍 Summary:** + +* Dr.T also speculated that legislation in the EU has the potential to be a driving force for further systemic change. +* The reason the EU legislation may be a driving force is that they seek to pass legislation to force buy-ins for failures to deliver. +* If it takes effect in Europe, it could ripple across the pond. + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +**FOR NOW, IT’S GOODBYE** + +* Dr. T: + * I’m just so grateful for the encouragement that I’ve received from the r/Superstonk people + * I mean, it’s just been-- it’s what keeps me going +* Atobitt: + * I’m glad to hear you say that +* Dr. T: + * Not the outcomes, because the “what can we do next” is always hard + * Because it’s very specific + * and it’s not just one thing that can be fixed that’s going to create the BRAND NEW WORLD + * There are lots and lots of things that need to be changed, and each time you call attention to one problem, you know the dark pools arise + * so there’s always this phantom \[---\] +* Atobitt: + * The big picture is beautiful +* Dr. T + * \---hide it away, right? + * So we can talk about doing another AMA +* Atobitt: + * I was actually going to ask you - it’s a really good transition. + * We could go through some solutions, but honestly, if we have some opportunity to do this again. + * I wanted to wrap up my end of this by saying: + * I’m sorry you were never able to get to this level. + * But now we have a quarter of a million people that are starting to beg and demand answers + * And that pitchfork army that you wanted to desperately is here + * And my question to you is: would you be open to working, at your own time, and being able to review different posts that might be submitted to you? + * We could work on House of Cards 2 and really start to get this stuff ironed out and get the people the tools that they need in order to get this stuff pushed in and get this taken care of +* Dr. T: + * Yeah, and u/StonkU2 have a way to send docs to me and point me to the DDs and the god-level DDs? +* Atobitt: + * Due Diligence +* Dr. T: + * Due Diligence, deep Dives +* Atobitt: + * Yup. You learn. +* Dr. T: + * I have trouble, I’m learning-- yes I’m definitely beginning to read hieroglyphics + * And just going on the site and finding things out + * It’s a bit confusing but anyway-- Yes I’m happy to do that as time allows + * and also you know there’s quite a lot of information in Naked Short and Greedy, thank you for mentioning that + * But the other book, [Lessons Not Learned](https://www.amazon.ca/Lessons-Not-Learned-Financial-Markets/dp/1910151238) +* Atobitt: + * I also have that too. Looking forward to reading that one. +* Dr. T: + * So that’s for the techies right. + * If you’re a technical analyst, if you want to look at laws, rules, regulations, the history of how many times have we, you know, bailed out banks and brokers + * All that’s in there (Lessons not Learned) + * But Naked Short and Greedy is a narrative, so I wanted to write and establish more storytelling + * But if you want that deeper dive, the other book would be helpful to people +* Atobitt: + * I’m going to keep you open + * I’m going to be in contact with you to do that +* Dr. T: + * You do that, yea. +* Atobitt: + * Oh by the way, FYI you’ve officially been dubbed the “Jane Goodall” of the ape troop now + * Thank you very much +* Dr. T: + * Someone called me “Queen Kong” of the Apes +* Atobitt: + * Get used to it-- you’re gonna have a lot of names like that + * So Dr. T, thank you again so much + * I mean, wow, we just blew through that + * That was a lot of info in an hour + * I appreciate your time +* Dr. T: + * That’s why the book is so thick +* Atobitt: + * Well, I appreciate you so much. Thank you very much. + * And thank you everyone for tuning in. + * Look forward to the follow-up coming out-- shouldn’t be too long and we’ll be in touch, have a great day +* Dr. T: + * Thanks, you too. Bye-bye. + +**TL:DR 🦍 Summary:** We love Dr. T, Queen Kong + +&#x200B; + +[ credit: u\/Crazy-Ad-7869 ](https://preview.redd.it/s1ewd4aqrbw61.jpg?width=500&format=pjpg&auto=webp&s=5f7b03394cbe22fe8de9feb24e5e8e742c3dd60a) + +One final thank you here at the end, this one goes out to all the mods that helped put this together:[https://www.reddit.com/r/Superstonk/comments/n1kjaa/official\_mod\_appreciation\_video\_for\_dr\_t\_aka/](https://www.reddit.com/r/Superstonk/comments/n1kjaa/official_mod_appreciation_video_for_dr_t_aka/) +Edit 2: Many people have commented stating I shouldn't post here. Point taken and I won't post in the future. + +Edit: Many people have reached out via DM asking questions or wanting advice. I did not do anything that involved earning a large sum of money overnight. I've been an ATM owner for a few years and I keep adding to my portfolio every few months. I've been a licensed speech pathologist for almost 20 years. I had the opportunity to work overseas for most of my career. I started my business based on my skillsets and experience. My business is 50% cash pay, 30% contract with an organization, and 20% insurance. I hope this additional information helps. + + +I know this may sound counterintuitive, but I am curious if there is anyone here who is open to sharing their journey to FATFIRE at a later age. There are tons of stories of people going to college, starting off with a high income and FATFIRE in late 20s or early 30s. Most of these people are married as well. I want to hear from someone who has a different path. + +As for me, I am in Healthcare (not a doctor) and was in debt as recently as 4 years ago. Now, I am on track to FATFIRE with 2.5 million in approximately 8 years based on my 2019 income and savings and even faster if I incorporate 2020 figures. I know 2.5 mili is not FATFIRE for most of you, but it is for me considering that I plan to go back abroad (currently in America) to live permanently. As of right now, I have my business and decent side hustle (owning ATMs). + +I am a single parent who receives no assistance, so that is "slowing" me down, but I can't imagine my life any other way. + +If this post is against the rules, please delete. Thank you. +They tried to short the stock into oblivion. + +We saw. We bought. We held. + +They hemorrhaged funds and bailed each other out. + +We laughed and bought more. + +They manipulated the stock down with short ladders and doubling down on their short interest. + +We bought the dips and began to squeeze. + +They convinced our platforms to block us from buying, even forced some to sell. + +We said fuck robinhood et all, rode the wave, and bought and held with platforms that support the people (shoutout fidelity). + +What else have they left to do? The brokers who still allow free trading wouldn’t dare face the same backlash robinhood and others have received. Hedge funds can keep doubling down on their shorts and try to manipulate their stock but they know we’ll hold. The day of reckoning is upon us, the battle has just begun, and they’re already out of bullets. This is a fight for the people now, stand strong brothers. + +Not financial advice, take your own risks. +Well boys, as the title suggests I was assigned 200 shares of INTC at $58/share. I had received .75 for each contract so my basis is 57.25. At the current price of \~$52/share, I'm looking at a loss of $1000. + +When I saw INTC tank after-hours I was planning on rolling the contracts but now I don't have that option. + +I've been assigned before, but the stock never tanked so far below my strike. I guess I'll be selling covered calls for several weeks unless INTC gets a quick resurgence. + +&#x200B; + +Wish me luck and stay strong everyone. +Hi all + +Need some advice here as I am dumb as you will see below. + +I sold some covered calls at $26 (exp 11/5) on LCID few weeks ago and today it skyrocketed to $38 as I make this post. + +I am actually not willing to have shares called away but closing the CCs will be a big lost and it will also meant I have to close my $15 LEAPs which of course skyrocketed as well. + +My original plan was to sell CSPs if I get assigned on my CCs. But now with the share price up 40% in a day, I am clueless what to do in this situation. + +I am holding my shares at $25 average. +What will be the best move for me now? + +Thanks in advance. +follow up to the $25 medical debt collection post... In addition to the debt being outside of my state's 6 year statute of limitations, + +I called the billing department of the medical provider to understand the various lines on the original bill that the creditor sent in response to my debt verification letter. + +The representative in the billing department told me that the medical provider billing department has gotten a lot of these calls recently and it turns out that one of the debt collection agencies they use put a new system in place that has resulted in many debt collection letters for services provided in 2012, 2013, and 2014 going out. She also said that they've found out that letters are being sent for debts previously collected! +Wondering those of you that have FatFired how many have chosen a house and how many prefer apartment living if price was not a consideration nor raising a family. + +I personally love the idea of a big house but really don't enjoy the upkeep. I also like feeling high up and the views high rise apartments (condo) have that houses cannot offer. I love the space a house offers that apartments don't since even though we're not planning to have kids it's nice to have your own office/study and a gym room. + +Which lifestyle (apartment or house) did you choose and why? If you have multiple residences which ones were apartments and which one were houses? + +Edit: As someone pointed out I mean child free but also childless works. +Calling it now. 3 possible scenarios. + + +1. Carl has been quietly accumulating GME. Soon there will be anounment that Carl has taken substantial stake in GameStop. + + +2. Ryan and Carl are spinning off BABY from BBBY. Ryan sold off his stake in BBBY and photo with Carl may hint the acquisition is almost completed, pending official announcement. + + +3. Ryan merging GME and BABY with Carl taking substantial stake in the new business entity. + + +Not a financial advice. LFG! 🚀 +We know he stated his opinion, some people disagree with it. Me included, but chances are me, you, and a lot of other apes aren't hating on him. Stop stressing, stop causing divide, buy and hold. + +\- NFA + +&#x200B; + +(rocket rocket diamond hands rocket rocket) + +Edit: if you are one of the people who are hating on him because you saw a shill do the same, you need to learn to **respectfully** disagree, it will help you with life in general. + +Edit: I **REALLY** hope that’s you DFV. Stay handsome, hang in there ❤️ +I was talking to my cousin (u/milkMAN11718) this morning who is also a full blown APE (lacking the karma to post on SS) about Dr. Trimbath's tweets. He said, "It kinda puts Ryan Cohen's latest tweet into perspective. Ask not what your company can do for you(Security withdrawal from DTCC), Ask what you can do for your company (individual investor withdrawal from the DTCC, via DRS). + +How much more straightforward does this man need to be?!?!?!? He's literally telling us to DRS!! I'm fully DRSd at this point, anyone holding off for any reason, this should wash away your remaining doubt. LET'S SET THIS MOTHERFUCKER OFFF!!!!! + +OBLIGATORY BUY, HOLD, DRS!!!!! +[DRS / ComputerShare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +Hey Superstonk, + +As many of you are aware there is a website built by a group of Superstonk members designed to spread the word about what DRS is, why it matters and how to do it. The majority of this community seems to support the site as an educational resource but with the recent addition of a fundraising campaign there is conflict and division on what we as mods should be doing. + +There are always of course extreme polarizing views on topics like this but I hope that we can use this post to rationally discuss how the community would like us to handle the situation. + +On one hand we have a sub overflowing with purple circles, “DRS is the way”, “lock the float” etc. It would seem apparent that anything that promotes these concepts would be a no brainer and we should support any effort to spread the good word. + +On the other hand we have a “no self monetization rule” for good reason that we have needed to evolve over time to prevent people from trying to make money off our sub. This sub is a FREE exchange of information and anyone monetizing content opens the door to perversion of that content. + +Mod’s picking and choosing what cause is “worthy” is awkward at best. Every once in a while something is so obviously heavily supported by the community like the recent fundraiser for the family of a prolific ape that passed away it’s appropriate to not apply the rules for that specific situation. + +In this case however it’s just not that clear. We receive a massive amount of reports, modmails, DMs and are well aware of the comments on posts about this. But at the same time, DRSGME posts perform very well on the sub. + +We have tried as a team to help come up with middle ground solutions but honestly its really just not our place to dictate how someone elses project should be run. It’s either going to work or it won’t. The community either supports it or it doesn’t. So let’s hear it. What do you have to say? + +Please refrain from extremism in the comments. Let's keep this a civil and open discourse. If it needs to come to a poll vote at some point so be it but as we have learned through past experience it's much better to begin the conversation with dialogue rather than polarized and limited choices without first discussing the implications of those choices. +An article (in French) posted in *le devoir* reporting that the online brokerage run by Desjardins is moving towards zero commissions. Looks like the pressure to match its closest competitor is forcing the move to happen fast. + +source: [https://www.ledevoir.com/economie/631530/termine-les-frais-sur-les-transactions-sur-la-plateforme-disnat](https://www.ledevoir.com/economie/631530/termine-les-frais-sur-les-transactions-sur-la-plateforme-disnat) +Here are the headlines (in-order) from [MarketWatch.com](https://MarketWatch.com) this morning: + +* Barron's on MarketWatch: Economic *damage can't be reversed*, and stocks will resume decline, says stratigist +* Jim Rogers: *Worst is yet to come* for U.S. markets +* Last month Bill Ackman said 'hell is coming.' Now he's '*optimistic*.' +* Market bottom or 'very tough times ahead'? Here's what one chart watcher is keeping his eye on +* "The worst is behind us,' and risk-vs-reward *hasn't been this attractive in years*: Morgan Stanley + +So we can definitively say that the experts agree that the market is going to go up .... or down .... or they aren't sure .... one person is watching (so you can be sure he'll tell you *afte*r whatever happens happens) ... and another has already changed his mind. **If you don't smell BS, you don't have a nose.** + +NOBODY KNOWS! Anyone that says they do, is a charlatan. Do not waste your time looking at prognostications and definitely don't make financial moves based on them. Do yourself a favor: Invest for the long-term and turn off the news feed. +This is an update of [my previous post, “$100k the boring way”]( https://old.reddit.com/r/financialindependence/comments/6tuhr2/100k_the_boring_way). I’ll try to recap the highlights in this post but read this for all the details. + +**Summary** + +Reached $250k (now $300k) net worth from a starting point less than -$100k in about 6 years mostly through consistent saving. Net worth chart with annotations included below. All salary numbers are gross. + +**Quick Recap** + +My wife and I are both 30 and live in the Pacific Northwest. We met when we were 24 and I estimate at the time that we had a combined net worth of close to -$120k. I’m an engineer (EE) and my wife is a public school employee. + +On our journey to $100k net worth we: + +* Both got graduate degrees. +* Found new jobs and moved from Midwest to PNW to be closer to family. +* Progressed our careers and salaries: $67k to $99k for me and $54k to $67k for my wife. +* Got pregnant. + +**Updates** + +2017: Had the baby in the fall, didn’t sleep much. + +2018: Wife went back to work after using up all her sick leave and going unpaid for 2 months. I saved up a ton of PTO but only ended up taking a week at birth and then random days here and there as needed. Daughter is in full time daycare except for summers when my wife is off work. + +In the spring our landlord surprised us by letting us know she needed her house back. We had about 4 months remaining in our lease to find a new place and there was a lot of stress about buying into a seller’s market. After looking at rental numbers, it seemed like buying was the better option if we could find the right place. We lugged our 5-month old baby around to lots of showings, lost out on the first house we offered on, then got the next one. There could be a whole other post on all the drama and details of that process but in general we were happy with how it all turned out, even though we were “nudged” into buying a little sooner that we had planned on. + +I got a 5% merit raise to $106k. After taking the unpaid leave my wife’s salary came in at $64k. We paid down about $25k in student loans this year, $10k of which was a lump sum on Jan 1st to finish mine before we knew we would be buying a house. Opened a 403(b) for my wife and started contributing a small amount to that. Gave a “loan” to a family member that we know will never be paid back. + +2019: Got another 5% merit raise plus COLA increase to bring current salary to $116k. My job started paying standby pay for on-call support, so I’ll probably gross an additional $3k for being part of that rotation. Wife’s school district went through a major strike and contract renegotiation, as many in the PNW did, and now makes $80k. We may break $200k gross this year combined. After pausing Roth contributions for baby/house preparations, we’ve resumed contributing a small amount monthly. Daughter’s daycare costs have declined a little as she’s gotten older; $1140/mo as an infant to $1010/mo now. + +**Chart** + +[Here is our financial journey summed up in one diagonal line]( https://imgur.com/a/I6erHLD). I marked the inflection points as best I could. Chart is from Personal Capital website. + +1. 7/2/15 began tracking net worth. +2. 3/29/16 crossed $0! We are worthless! +3. 5/24/17 crossed $100k net worth. +4. 8/9/17 bought a car. +5. 12/19/17 – 5/6/18 accounts messed up (including retroactively) during the house buying/closing process. +6. 8/10/18 crossed $200k net worth. +7. 6/11/19 crossed $300k net worth. + +**Current Finances** + +* $30k e-fund, $6k in an HSA. +* $204k of investments, mostly lazy index 3-fund portfolio. +* $100k equity in our home +* -$36k of student loans remaining, to be paid off in 2020 hopefully. +* Current savings rate is about 45%. We were at roughly 55% before baby and house. +* Monthly expenses have gone up but don’t impact our long term budget, so our FIRE goal is still $1.5M. + +**Thoughts** + +###### Salary +In my original post, I was concerned about slowing salary growth. My job had just changed to a more rigid merit-based system of raises and promotions, and I do suffer from imposter syndrome from time to time, so I wasn’t confident on how I was viewed by my peers and management. It turns out that money is a good motivator for me (surprise surprise) and I found myself working at a new level of intensity to actually earn those maximum raises. I’m a lot busier during the workday now but still leave on time every day and have gained a lot of confidence in my skills and place in the organization, so that’s been nice. That being said, I max out of my current band 1.5 years from now so I’ll be working hard for a promotion to Engineer IV before that happens. + +###### Net Worth and Housing +Lots of debate around here on housing and net worth so just going to throw it out there that yes I include housing in my net worth, no it doesn’t mean much. My plan for FIRE involves having a paid off house, but beyond that all my FIRE-related goals and milestones are simply dependent on my investments. Tracking net worth is something I like to do and is basically an arbitrary milestone I like to look forward to. Currently averaging 195 days for every $50k of net worth (starting from $0). This is increasingly dependent on what the market does but it’s fun to see how compounding has impacted this as each $50k happens a bit sooner than the last. + +Being a homeowner has been a nice life change so far but not without its challenges. It was primarily a lifestyle, not financial, choice and I love coming home to it every day and raising our daughter there. Didn’t have many issues at all until just in the last month we got a leak in our water service line which will be anywhere from $500 to $5k depending on where exactly it is. You win some you lose some. My next goal in this arena is to figure out if refinancing down to a 20-year mortgage is right for us and pull the trigger on that if so. + +###### Kids and SR +Dropping the HSA turned out great for us. Yes, we lost the great tax advantages but it greatly reduced our stress surrounding doctor’s visits and medical bills (again partially a lifestyle choice). It only cost us $400 to have our daughter off of a $30k bill. + +Savings rate has definitely gone down but we anticipated and planned for that. I don’t know that I would call it lifestyle inflation per se, just that we have always built our budget around our priorities and our priorities changed when we decided to start a family. We buy used and get lots of hand me downs, and besides the daycare cost our spending has been way lower than I would’ve expected. What I didn’t see coming was how much more willing I am now to pay for convenience and quality. We have a house cleaner now that comes once a month (blaming this mostly on the recent threads here about how it changed people’s life to get a cleaner). It is definitely nice to get the deep cleans that we just didn’t have the time or energy for anymore. Wife upgraded her phone (from a 6s, so reasonable in my opinion) after we had friends always getting better pictures of our daughter than we could. In terms of quality, when it comes to my daughter I’m way more likely to get something nice for her versus buying for myself when I typically get the minimum acceptable quality. That’s probably just a normal parenting tendency and again this is a reflection of how the things that matter to me have changed. + +###### Student Loans +Got a lot of questions on this last time. We are doing a unique program called Teacher Loan Forgiveness that is different from PSLF that most people have heard of. Basically if you work in a specific field in education AND your school meets low income criteria, you can get up to $18k forgiven after 5 years. No tax on the amount forgiven. Next school year will be my wife’s 5th so we are looking forward to everything hopefully going smoothly when we apply. We’ve been paying just a little over the minimum required for my wife’s loans waiting for this and paying off mine aggressively. Will try and knock out the remaining as soon as this forgiveness processes next summer. + +**The End** + +Well once again this ended up being longer than I anticipated. I don’t know if this is still interesting to people or not but I guess my point is that you can achieve your goals the “boring” way, so if not, then I’ve succeeded? Beyond the monetary gain, the best benefit of working hard to save consistently (and essentially automatically) has been the ability to focus as much time and energy as possible on our little family. The financial peace of mind is extremely valuable to us as we navigate the wonderful and scary world of parenting. + +Near-term goals include finally paying off student loans and the refinancing I mentioned before, figuring out the optimal way to save for college, updating our will and similar legal documentation, maybe having another kid, and re-prioritizing our budget and FIRE goals to give my wife the opportunity to work part-time. During this we’ll just keep saving as much as possible until the next major milestone. See you all at $500k! Thanks for reading! +The Europe/UK borrowing started in the first half of 2019: + +>Berkshire has hired banks to manage a benchmark **sale of 20- and 30-year bonds in euros, as well as in pounds**, Bloomberg News reported Tuesday, citing a person familiar with the matter. It would be the Omaha, Nebraska-based company’s first euro-denominated bond deal since 2017 and the first time it’s ever sold debt in pounds + +https://www.bloombergquint.com/view/why-is-warren-buffett-s-berkshire-hathaway-borrowing-in-europe + +Berkshire borrowed another 600M euros last week: + +https://sec.report/Document/0001193125-21-009818/ + +We believe Berkshire has been borrowing pounds for an ongoing acquisition in the UK, just like it borrowed Yen for the Japanese trading company investment: + +https://www.reddit.com/r/BerkshireHathaway/comments/ijt1i7/the_value_proposition_berkshire_borrowed_in/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +If this interests you, you may want to join the new Berkshire analysis subreddit: r/brkb +I’ve seen some writers like Pike talk about how it’s important to use P/E in order to identify if a company is undervalued or not, while others like Fisher say that P/E is somewhat irrelevant if the company is showing positive signs of future growth. What approach should I use? +This time last year I had left uni under the assumption I'd have graduated. I failed, so I had to repeat a year. Also found myself deep in debt, which kinda built up gradually and I had a laissez-faire attitude of "ill deal with it when I get a grad job" at 18-21 + +I found this sub, scrubbed up on my financial knowledge, and started to really dabble down. Not attending uni for a year whilst retaking my exams meant I could get a job, and I was slaving away at the most depressing and soul crushing jobs, working nights and weekends over the Autumn and winter of 2019. + +£2000 was from my student graduate overdraft and -£700 was from Starling which I gradually increased as I was depressed in uni, didnt have a job and kept giving myself excuses (I was also really suicidal so I really didn't think I would be here today). A combination of my mental state, my naiviety and immaturity lead to this. + +Then 2020 hit. I was able to pay off the overdrafts gradually. Then, COVID-19 hit. I was incredibly fortuate to have a job which is classed as essential, so I kept working. Not going out, not paying for transport and staying at home meant that I could pay off massive chunks over the past 7 months. Now, I'm back to 0, I have £500 savings (more than I've ever had, I know its not a lot lolol), I've turned the overdrafts off and I am NEVER, EVER, EVER, EVER, getting into debt again. + +Anyway, I'd like to thank this subreddit. I wish I found this subreddit when I was 18 or even 21 so that I could take my finances seriously. But it's better late than ever. For anyone else in this situation or finds themselves in deep debt, then just know there's light at the end of the tunnel. Just be focused, be patient, have a plan and reach out for help if you need it. Thanks guys. + +PS: Student overdrafts are the devil - do not get one unless you really, absolutely cannot live or move to uni without one, are unable to get a part time job at uni or cannot receive help. +Georgia Tech offers a masters in quant finance that’s extremely affordable. I’m not sure I want to be a quant, but I know the rigorous and scientific approach to data analysis would be extremely valuable to me in my career. Their degree is extremely affordable and looks good so I’m quite interested. + +Did anyone do this program? If so, how was it? +Besides getting multiple quotes, how do you avoid getting the "nice house" price from contractors? + +I moved to a LCOL area. I bought a middle to upper range 4 bed/4 ba house (3k-4k sq ft), and I keep getting contractor quotes 2-3x of what the average should be. + +I've gotten licensed contractors who've looked up what I've bought the house for, which I then ask how is that relevant to your quote? If they start off with saying that I have a "nice house" then I know the quote is coming in high. + +Some of the quotes I've gotten was laughable. $4k in labor to install a variable speed pool pump + 2k for the pump itself, $1k per light - $8k quote. I went with the licensed guy who did it for $500 in labor (pool had to be drained for $250 for the lights so two visits) and I supplied the pump & lights for 2k MSRP. 2.5k out the door vs 8k. + +I had a quote for 4.5k to install a 240v 60a line for a 240v 50a spa. Some reason he needed a team of 4 guys and an entire day to run it outside the house. He stressed big it needed to be to code. I knew I was being fed BS as my parents happened to be electricians. Second guy came out quoted 1.5k to run it through the attic, two guys for an hour or two, all to NEC code. He was surprised I signed with him as he thought he came in a little high. I'm not looking to lowball anyone - I'll go with the first reasonable quote that I feel you're competent in. + +They were out the next day and the techs went the extra mile - they left room on the disconnect for 240v 20a service if I wanted to run a saw or other power tools in the backyard as long as I wont run both at the same time. + + +The biggest successes I've had in reducing the price is I've stopped telling them I moved from California if they ask where I'm from. I've either just said I've been here my entire life or I moved from some VLCOL state with lower cost of living. + +How do you avoid getting the "nice house" price from contractors? +Let's learn from other people's mistakes. What's the *most* insane or nuts thing that someone you know has done financially? + +For me, my brother is actively planning to remortgage his house so he can stick the cash in a savings account. Just a regular 0.5% savings account. He's convinced this is a great move as he'll have "savings". + +So what have the people in your life done, financially-speaking, that left you rubbing the bridge of your nose? +I just wanted to make a post as today I hit a huge savings milestone. For the first time in my life, I have $100,000 in my savings account, and this community is a huge part of that success. The Superannuation/ETF/Savings/budgeting "general" discussion has kept me on the path to success and given me a comfortable life. To the point now that I don't really fret the day to day stuff. My super basically 10x from five years ago by matching employment contributions, I finally have ETF's (VDHG GANG REPRESENT) and slowly contributing to another pot of money for retirement. I truly believe that the "lurkers" on here, like myself, benefit greatly from the general discussion provided, and a lot of the other discussions can be segmented into personal/niche topics. Which is what I find so great about this community. + +I had a challenging start to life. I hated high-school (early 2000s), had no idea what I wanted to do in life, and a few years after graduation I just kind of had no idea. I started uni studies in 2009 after TAFE and found my love of study. I lost four family members in four years not long after starting my studies and after many years of mental/physical recovery I came out of uni with a Masters and a job. I still act has a "helper/carer" for one of my immediate family as they have gotten older so I haven't really had the house/mortgage worries that almost everyone here has, and this has been a blessing/security for me to focus on the wealth generation. I don't live a "traditional" life, but I enjoy the one I have. + +I have been employed in my current role for just over five years and this upcoming will be my final year in the job. I have hated almost every minute of the job and it has created a lovely insomnia condition in me since COVID (due to staffing issues) which I now have mostly under control. Don't get me wrong, I do understand the opportunities it has given me to be in the position I am now. I have always found it hard to get that final "yes" landing a job so I'm not 100% bitter about the job :P + +So where does 2023 and beyond lead for me? Well I will continue in my current job for another twelve months, doing all the same things I am doing (earning slightly more). However the end of 2023 will either see me take twelve months LWOP, or if I feel like it, I will resign from my job and commit to a new degree/career path (plus some R&R) to recover from burn out and then fully focus on a more fulfilling work/life balance. + +So all in all, thank you /r/ausfinance. I truly cannot put into words how much the "financial literacy" discussions and the collective consensus on the simple things has contributed not only to my life, but also for the upcoming opportunities it is about to give me. + +I hope everyone has a good 2023 and see you around the subreddit. +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; + +&#x200B; + +https://preview.redd.it/krubnht3z5381.png?width=1284&format=png&auto=webp&s=69e2d2694097b16c99a5db2a5dd289ae749022cc + +Oh yeah! Ken Griffin gave a speech recently at the Economic Club of Chicago and [it seemed like there was a prerecorded applause track](https://www.reddit.com/r/Superstonk/comments/q1c7q2/ummmmmmmm_is_that_an_applause_track_they_just/). + +[Here's another version](https://youtu.be/7V-a3aoO0Mo?t=80) if you need additional verification. + +And here's a fun fact! [If you go to the Economic Club of Chicago's official YouTube video, it appears they cut that part out](https://www.youtube.com/watch?v=dFE3X9qjWd0&t=266s) and disabled comments. + +&#x200B; + +Could this just be a coincidence? + +Absolutely. + +Is there more evidence connecting Greentarget and Citadel? + +Absolutely. + +&#x200B; + +[citadel@greentarget.co.uk](https://preview.redd.it/y4r4yr17z5381.png?width=1284&format=png&auto=webp&s=ea6d2e3fea38615720719639d0fdce471fb1bd2b) + +&#x200B; + +[email: citadel@greentarget.co.uk Source: Citadel; Citadel Securities](https://preview.redd.it/bj4xx9ocz5381.png?width=1284&format=png&auto=webp&s=12346e19b7e30030f5ec0209a18ee2d9a7b3c6f7) + +&#x200B; + +Thanks Ken for helping with the global crisis! You're a great American and a wonderful human being. + +I love seeing Citadel positively assist with the global emergencies, but do you know what I don't like? When shills get hired to "shift the current sentiment of GME." + +Here's more examples of that from the same dude that slide into my DMs... + +&#x200B; + +[Shill Post](https://preview.redd.it/fpzvptfnz5381.png?width=793&format=png&auto=webp&s=11f8604d68d6803577a17214ec54806c8db811d2) + +And another one. + +&#x200B; + +[Shill Comment](https://preview.redd.it/coxlvbwoz5381.png?width=776&format=png&auto=webp&s=ad8656e30251b41f37121b6e74d98a57eaa207a9) + +&#x200B; + +I've gotta say though, I thought this whole conspiracy [had come and gone](https://www.reddit.com/r/Superstonk/comments/qtxy63/ken_griff_stars_in_a_bad_comedy/)? If the GameStop situation is over then why are there still shills trying to silence voices on Reddit? + +If you needed proof the apes are winning, this is it. + +&#x200B; + +TLDR; Someone claiming to work for the PR Agency, Greentarget, attempted to pay me off so I would stop talking about GameStop and I happened to find some connections between them and Citadel. I'll keep digging and report back here unless I can't find something or forget. Do I think it was a real offer? Nope! Do I think he accidentally introduced us to another connection to Citadel? Yup! Thanks Bud. + +&#x200B; + +P.S. Mr. Griffin, if you're reading this and if Greentarget is working on Citadel's behalf, then I'll consider removing my posts from Superstonk - My price is 11 million shares of GME. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +I was hired and told I'd be working remotely full time. However, 5 months later, my former director leaves his job and I'm told to come in to office full time. They say it will be temporary for half a year, but no exact guaranteed timeline - and because of my work equipment they will give me an office which makes me think this is going to be permanent. The problem is living costs are substantially higher as I have to move and live in the city how. Is this something I should I bring up? Any suggestions how to word this? + +Additional info: I'm moving from a suburb in VA to DC North. Coworker (who's been here longer) is allowed to still work remotely except for weekly meetings. They're giving me time to relocate (not off, just telecommute time) which means they know this is going to be a move. + +Update: Wow. Thanks for encouragement everyone. PF has spoken. Gathering data ammo to make a call. God I hope I don't lose my job. + +Update 2: Called and went to voicemail. To be continued tomorrow... + +Update 3: Manager called me back. They were not willing to offer any compensation. They also told me what I suspected all along... My position will no longer be remote, but in-office, even though they admitted they did offer me that (against HR's preference) hiring me. They eventually want to fully bring our team to on-site. I asked if after half a year of this will change, they said no it will not (contradicting the previous statement). + +They said they'll give me time to think about it. I am thinking if it's worth living in an area I don't like, and kissing goodbye to half my paycheck for rent (done with living with strangers in DC... Most are cool but the few bad eggs you run into really ruins your life). + +Update 4 and privacy the last: Sharing a place - not even my own - is breaking 35% (if I want my commute to be an hour or so every day). I know that's a deal breaker for the redditors who are telling me to leave... Seriously, screw DC. What this has taught me is always stay on your toes. + + +Customer of mine (I'm a Realtor)went into AirBnB arbitrage (despite my reservations...) and is three months into a lease with all reservations cancelled. He wants to get out of the lease with a 30 day notice. That's in VA. + +Comments and advice appreciated. + +Just to clarify: he is the long term tenant and subleases short term/AirBnB, with the landlord's ascent. He wants to break the lease for "Covid 19 force majeure" +We all know about the original post; it was a huge deal on this sub. It can be found here: https://www.reddit.com/r/CryptoCurrency/comments/94b9d9/everyone_saying_btc_is_going_to_3000_is_new_and/ + +Essentially, /u/dieyoung called us all idiots for even suggesting that BTC might dip below $5,000. He challenged anyone to accept a $1,000 prop bet that BTC would stay above that price all year. u/goodwill_cunting accepted the wager. + +As his Reddit history shows, after his initial post, he was an active daily user--until the day BTC dropped below $5,000 and he lost the bet. After that? No posts. No comments. Nothing. + +u/goodwill_cunting has [indicated in a comment that he has received no word from u/dieyoung](https://www.reddit.com/r/CryptoCurrency/comments/94b9d9/everyone_saying_btc_is_going_to_3000_is_new_and/ea74nxi/). + +Really shameful behavior. +It's odd that for months, there have been so many posts about 'popular times' in regards to Citadel. We've laughed, been shocked, been amazed. + +But tonight, I have seen SO MANY posts and comments about how it's 'getting old', 'boring', 'annoying'. It's interesting because for months the whole sub has enjoyed these, but tonight of all nights (002, T+21) all of a sudden it's offending some people. + +If you don't like it, scroll on. You'll be alright. I, for one, love it. It confirms my personal bias. Why are they working this late if they covered? After hours market was done almost two hours ago... +I have been extremely fortunate in my life and have found myself in the position of being able to retire early. Coming out of the pandemic, I’m trying to fill my schedule with things that interest me (hosting events, investing in real estate, fitness and creative classes, etc). But something that I’m finding is that it’s not always easy to relate to people who work when you’re not working, and beyond that, the stress of HAVING to work and worrying about money, limits the emotional energy you’re able to give to other people. + +I find myself always having time to be a support for the people I care about, to the point that it’s almost become a hobby. I have a lot of time to think carefully about life decisions, emotions, etc. But there’s no one in my life who does the same for me, and that makes me feel strangely left out. The only thing I can compare it to is being a bachelor when all of your friends are starting families and they just can’t give you the same level of commitment they used to, while you’re still ready and willing. And I should mention, I am also a bachelor. + +Does this get better with age? I hate to see so many of my friends struggle (almost all of them make less than 100k) and I can’t help but think “what’s the point of having all this money and free time if I have no one to share it with?” + +I hope that doesn’t come off as obnoxious, I tried to phrase it to the best of my ability. +Radio Shack is gone +Frys Electronics is gone +Micro Center locations are sparse + +The only option for many people is to order online. I would much rather place my order through GameStop, or swing by my local store, to pick up some hobby electronics items. Call me old-fashioned, but being able to run down to the closest strip-mall to buy a replacement motor for a project, or grab some resistors for my arduino/Raspberry Pi projects. + +There is a market, and I think it fits very well with the GameStop model that leadership is establishing. +I just got 50k from my parents and try to get stable returns + +My plan is to sell some one-month put on the SPY at 20% below the current price when spy drops more than 2% that day. After doing the calculations, my APR will be about 10%. In the past 10 years, SPY has only experienced a single-month down greater than 20%([Link](https://portfolioslab.com/symbol/SPY)), so I think this trading strategy works. But why doesn't anyone do this? +You all. And, profit. Any profit. $1 or $100. I no longer look back at "what I missed out on". If I set a GTC to realize 40% of max profit, I'm not frustrated about what I may have missed out on. Now, you can criticize me because I never felt the rush of a 1000% gain....but I love that some people have. I have realized a lot of pain (lost capital) while learning this game. Despite the desire, I am nowhere near financially independent, at 46 years old with decades of time in the market. Others have realized that dream, and I say congratulations to them! But I LOVE this game. Thank you all for your insights, great ideas, sharing gains and losses, and truly invaluable insights. +I've never had that entrepreneurial spirit or drive. I'd rather work 40 hours for someone else rather than 80-100 for myself. I like the security of an employer. And I have no desire to hustle or build a side business in what free time I do have. I'd rather ride out my temporary sentence for 15-20 years and be done. + +I feel like there's a lot of survivorship bias in the FIRE community when it comes to building businesses, running blogs and starting side hustles. Maybe I'm just an introvert and that it isn't for me. Anyone else just want to autopilot at their day job? +I run a business which is essentially done all remotely but I’ve been going in to co working spaces a lot more of late and can’t believe how much more productive I am. + +I’m going in 3-4 days a week and then spending the other 3-4 days at home running the show. + +What’s everyone’s preference and why? +What I've seen people say: + +* They bought VERY at $0.25 and are rich. +* They have businesses everywhere ahhhhhhh free money + +Well, here is the actual DD. + +[from their latest quarterly filing ended Sept 30](https://preview.redd.it/nw5br6oa9d461.png?width=1006&format=png&auto=webp&s=83daf30f21b2fbd0161c753911770cb604e3b990) + +So above sums up their holdings as of September 30. Filed late November so it's the latest info. + +(using prices as of close on Dec 9) + +6m shares of JTR x $0.05 each = approx $0.3m + +0.2m shares of VERY x $10 each = approx $2m + +0.7m shares of GDNP x 1.25 each = approx $1m + +So looks like they have about $3m to $3.5m worth of investments. And these are their major holdings. The prices of these can increase in the future. + +They have $2.5m of other types of assets (non securities). This puts them at about $6m worth of assets and almost no debt. Net assets of $6m. + +Per CSE, they have 19m shares issued. So if each stock is $3, that's $57m valuation. + +&#x200B; + +**TLDR**: At $3/share, you'd be paying into a company that's worth $6m right now selling at $57m. This is why they're pumped. And I was being awfully generous in my valuation. + +The value of their investments can go up. But these investments need to be 10x the current prices to justify the valuation (57m/6m = 9.5x). + +The correct valuation in my opinion should be closer to $0.30 ($6m value / 19m shares) plus premium based on expectation of growth. + +&#x200B; + +Having said that, you could make money from the stock because markets are not rational and we see that for every meme stock. But there are meme stocks that have strong fundamentals, and there are meme stocks that are straight up pumps. + +This DD took me less than 2 minutes for me to do and 20 minutes to write it all out. + +Obviously I'm not perfect so open to feedback. + +&#x200B; + +edit: forgot to mention you can also just buy their investments directly yourself. I personally own GDNP because it's got insane potential. + +Hope u guys enjoyed it and sorry if you owned EATS. + +I'm just going to revert to my autist self and get pumpin n trollin :) +In 2015, credit card companies stopped processing transactions for escort listing websites with backpage being the main one. I owned & operated an escort agency at the time and I did most of the marketing myself. At first the websites were letting us post for free but after a while they started charging again. BTC was the only form of payment these websites could accept. This was the first major boom in functional transactions. Suddenly, thousands of people are buying hundreds of thousands worth of BTC on a daily basis to post these ads with. Check the ledgers and you’ll see all of the action. This was the first time that the concept was proved on a major scale. BTC, and crypto in general, would not be as big of a thing without all of the escorts who pushed it along through facilitating millions of dollars in transactions. + +Just a little inside history for anybody who didn’t know these things. I feel as if most people don’t +Right now I am running the program on an AWS EC2 server and texting (MMS) the images to myself (graphs forecasted 1day/3day/1week/3week etc.) for different currencies. + +It would be pretty simple to add new users who want a once per day text showing them the highest predicted alt currencies for the day and also the predicted Bitcoin charts for the coming weeks. + +Basically I've spent a lot of time creating predictive models and have good resources for up-to-date data, just need to know what people like you would want to see in a website or service that would show you this information. I can create iPhone Apps/websites but want to find out what you find most useful before I go to far down a rabbit hole. + +Edit: Thanks for all the feedback. Just getting home from work and will go through the comments and try to respond. + +Edit #2: People were asking for backtested data. Here is what the prediction model forecasted for data up to 1/14/18. The forecasts are at 1 week intervals predicting data up to 2/11/18. Prediction [graphs](https://imgur.com/gallery/t79UC). Looks like it was predicting a drop to 7.7k by 2-4 and a jump to ~12k today. The numbers aren't accurate in that they aren't the exact price, but in general the market trends are spot on. + +Edit #3: put up a temporary email signup for people who want to be on the first couple rounds of daily email digests. If a lot of people show interest I will try to push the site a long faster. + +https://mavieth.github.io/amytoldme/ + +Edit #4 (3/6/18): I created a beta website with some minimal charts. They're updated 24/7. [amytoldme.com](http://amytoldme.com/charts) + + +I really wanted to believe in the project because it sounds awesome on paper but too many things turned me off in this past week. + +David is way too unprofessional on the forums and on twitter. + +The live meeting tonight was presented from a phone camera with terrible angles and some of the people answering questions didn't seem all that confident. + +No solid wallet + +IOTA network having problems + +No real partnership with Microsoft + + + + +We're in our mid-40s now. Some years back my wife and I were finally able to get a 97/3 mortgage in our late 30s after over a decade of saving. Our cars are a 1998 Honda Civic and a 2004 Toyota Camry. I bought them cash and do almost all the work on them myself. + +I've got social science and language degrees I guess you could call liberal arts. Her degrees are in hard sciences. I work for the electric company, she does some technical computer modeling shit. I have a night job, too, which earns me about another $10k per year. + +We have kids. We save all our spare healthcare money to cover them. We're far from broke. We earn more than 70% of households in our little Massachusetts town. But we have no college savings for them. + +Our house is very small, and 150 years old. Both have cheap $17/mo plans on cheap Android phones. 1 TV in the house, $400, bought 6 or 7 years ago. We've got about 20 years to Medicare, and almost no retirement to speak of, I mean less than a year's wages total saved up in the 401(k). But through most of our lives we didn't have retirement benefits. + +We haven't been on a vacation in 6 years. We don't go to bars. We don't go to restaurants. We grow and can and pickle our own produce. We use coupons. Do my own carpentry, plumbing, and electrical work up to the point of something major that requires a permit. No credit card debt. + +So where does all the money go? + +- If we do $110k in a year, probably $25k goes to income and payroll taxes. So it's $85k net. +- Another $25k goes to mortgage principal and interest. Now we're down to $60k. +- Then there's insurance premiums. Car insurance. Home insurance. Private mortgage insurance. Health insurance. Dental insurance. Vision insurance. Life insurance. Probably about $15k to cover all them in a year, not counting deductibles or co-pays or whatever. About $10k on family health insurance premiums, $3k on home and pmi, and $2k on the others. Health premiums will drop some when we switch back to my plan off my wife's at open enrollment, but that's a long story for another time. So we're down to $45k. +- Then there's student loans. On pause temporarily. Usually $8k per year. So drop that to $37k left. +- Then there's dues and shit. Union dues. Fire district dues. Volunteer ambulance contribution. Just stuff you have to pay to function as citizens in our town and employees in our jobs. Probably another $2k there. $35k left now. +- Then there's utilities. I'm on well and septic. I heat with fuel oil and wood. So it's only electric bills and diesel bills and occasional wood bills if it's cold and I can't chop enough for the winter myself. That's about another $4k, depending on the year. $31k left now. +- Then there's 401(k) contributions. We do make those, even though they don't add up to much. That's a raw 5% gross coming out. Say it's $6k. Down to $25k left now. +- Then there's transportation costs. Gasoline. Oil. Other fluids. Tolls. Parking fees. Registration fees. Inspection fees. Occasional parts even if I do the labor. Call that $200/mo or about $5k total for both cars. Down to $20k left now. +- Then there's food. We could do this cheaper. We do grow a lot of our own produce, but we're not eating ramen every night either. We're feeding 4. Usually dropping about $200 per week. Call that $10k. Down to $10k left now. +- Then there's household shit. Garbage isn't free, we have to pay tipping and bag fees. Septic system might have to be pumped. Might need mulch and fertilizer. Might need gas for mower and chainsaw and blower. Might need parts or tools or calk or paint or epoxy or copper pipes for things that break here and there. Plus you ought to put a little away for the big things like re-roofing or the boiler going, etc. We aim to put a hundred or two in the house account every month. Call that $3k over the year. Down to $7k now. +- Then there's internet shit. We have one Netflix subscription. We owe our ISP every month. Occasionally somebody will buy some kind of game or software. Computers are all older, but they come up every 6 or 7 years or so. Call that $2k. Down to $5k now. +- The rest has to go to toys, clothing and deductibles and whatever little we spend on savings and entertainment apart from the house account, which is really remarkably minimal. + +I'm not sure how much more frugal we could be, short of severely cutting the food budget. Feels like we're living a regular middle-class life. And we're comfortable enough. Nobody's hungry. House is at 65 all winter. But it took us a hell of a lot of As and high test scores and hard work and meeting the right people and lucky breaks to get here. And it feels like retirement is going to be way out of reach. + +In the end, I guess our lifestyle is far closer to our immigrant grandparents' depression-era lifestyle than our high-school-only educated parents' boomer-era lifestyle. We've accepted that. + +The sad part is, I think it's going to be worse for our kids. I'd love to give them more of a head start. At this point, we're just worried they'll catch covid at school. Don't want to be a doomer, but their world definitely seems a lot worse than ours was as a kid. In the past few weeks, they've lived through a hurricane, a flood, and now back to the pandemic school house. And despite all the bootstrapping we've done, I feel like other than having more knowledge than our parents did, we're not leaving them in a better material position than we had growing up. + +So...the point of this post is a Labor Day gut check. Anything here seem way off to anybody? +Hi, I'm u/flokki_the_monk. + +You may remember me from such classic posts as: + +[The Liquidity Fairy](https://www.reddit.com/r/Superstonk/comments/v7yucj/virtu_ceo_to_the_extent_there_is_not_liquidity_on/?utm_source=share&utm_medium=web2x&context=3) + +[ Virtu CEO: \\"to the extent there is not liquidity on a lit exchange, fundamentally the wholesalers are providing INFINITE LIQUIDITY at the NBBO.\\" If price is supply vs demand, what happens with an infinite supply? Providing INFINITE LIQUIDITY sure sounds like ignoring TOTAL SHARES OUTSTANDING. ](https://preview.redd.it/vmpf9br660s91.png?width=902&format=png&auto=webp&s=ae0b257729f2ae73dbaf4632dbc3e4238d2cf635) + +[FSOC Friday night secrets](https://www.reddit.com/r/Superstonk/comments/smufv2/financial_stability_oversight_council_press/) + +[ Financial Stability Oversight Council press release Friday 2\/4: \\"potential risks to U.S. financial stability arising from open-end funds, PARTICULARY THEIR LIQUIDITY AND REDEMPTION FEATURES.\\" The XRT ETF is an open-end fund. ](https://preview.redd.it/cbhe1nuc60s91.png?width=971&format=png&auto=webp&s=4ea832a15ba25e9bc6fe3c7c605c3519a7b35e49) + +[That time they burned down the file storage building.](https://www.reddit.com/r/Superstonk/comments/sknn6d/so_the_sprinkler_system_on_the_ceiling_was/) + +[ So the sprinkler system, ON THE CEILING, was disabled by a falling shelf? For the entire building? And he has determined this already, but also firefighters can't get anywhere close? ](https://preview.redd.it/pfc4dipf60s91.png?width=1174&format=png&auto=webp&s=69634732633d3acf986ae13d8e51421174f22b36) + +[Bill Gates is totally fine, but hide the tapes.](https://www.reddit.com/r/Superstonk/comments/o6drqi/bill_gates_gme_interview_in_jan_the_section/) + +[ Bill Gates GME interview in JAN - THE SECTION REMOVED LATER ](https://preview.redd.it/pxfid77i60s91.png?width=653&format=png&auto=webp&s=fef225983f6b981586bff2c28f65265a1c81818a) + +[DFV is waiting at ComputerShare](https://www.reddit.com/r/Superstonk/comments/q30k55/incontrovertible_proof_that_dfv_loves_computer/) & [Recent Update](https://www.reddit.com/r/Superstonk/comments/xvpunb/dfv_is_waiting_at_computershare/?utm_source=share&utm_medium=web2x&context=3) + +[ DFV is waiting at ComputerShare. ](https://preview.redd.it/727q3kgl60s91.png?width=1005&format=png&auto=webp&s=5b84a8750752de56aa5fa829981d2ff6693b488c) + +[The "I love Coke" (Reed) Vortex Theory:](https://www.reddit.com/r/Superstonk/comments/we0pg3/i_love_coke_ryan_cohen_on_why_gme_nft_is_going_to/) + +[ \\"I love Coke\\" - Ryan Cohen on why GME NFT is going to take over the world. ](https://preview.redd.it/v8488z2o60s91.png?width=1016&format=png&auto=webp&s=4f83013cef5764d51c6ae113eacbff1bb4a93715) + +Or other [general](https://www.reddit.com/r/Superstonk/comments/rkpba1/like_rats_fleeing_a_sinking_ship/?utm_source=share&utm_medium=web2x&context=3) [shit](https://www.reddit.com/r/Superstonk/comments/uekrp1/deutsche_bank_raided_by_authorities_friday_morning/?utm_source=share&utm_medium=web2x&context=3) that came [around.](https://www.reddit.com/r/Superstonk/comments/owgcln/boa_apparently_needs_123b_for_something/?utm_source=share&utm_medium=web2x&context=3) + +[The actual suit I wear when digging through Wall Street's bullshit.](https://preview.redd.it/1uree4jr60s91.png?width=1010&format=png&auto=webp&s=d7a8bf427d752aae83a015a509d4b3be3baa8e37) + +# Today, however, I do not bring you shitposts, tinfoil, or memes. + +[This is my Sheriff outfit.](https://preview.redd.it/qy09rihv60s91.png?width=1015&format=png&auto=webp&s=def7ed81377f892bd09d2a4fbed191f9d1555922) + +# Today I show you the DD on how Melvin Capitol concealed crucially important positions from 13F reporting, deceived Congress through his testimony, then made a killing on those shorts with a perfectly timed Archegos meltdown. + +[First, we're working from this page, the Fintel 13F history for Melvin Capital](https://fintel.io/i13fs/melvin-capital-management-lp): + +[Melvin 13F History Fintel Screenshot](https://preview.redd.it/2o8exgpx60s91.png?width=625&format=png&auto=webp&s=f6d603b2c53677585a5f8bc64077dd20fad9689b) + +The first thing that should stand out immediately is that the report for 2020-12-31 reporting period has TWO amendments, with filing dates 2 MONTHS and 6 MONTHS after their initial due date. By itself, this clearly suggests that Melvin is either too incompetent to keep track of the positions in their portfolio, or that they are a bad actor willing to conceal positions from their reporting. However, the real dirt is when we go deeper and consider the timeline. + +[2020-08-14 Filing](https://fintel.io/i13f/melvin-capital-management-lp/2020-06-30-0) \- There is no VIAC short position. This is for the June BEFORE GameStop popped, and was filed in August 2020. + +[Melvin 2020-06-30 13F](https://preview.redd.it/1vy9gllz60s91.png?width=670&format=png&auto=webp&s=a1e8d494d4278a4602862cba4dba4faed137de96) + +VIAC price is $27.46 at this time. [Historical pricing chart for VIAC at Fintel.](https://fintel.io/chart/us/viac) + +[VIAC 08\/14\/20 $27.46](https://preview.redd.it/qba577r170s91.png?width=1896&format=png&auto=webp&s=99de75f0e6880f3fae6613e8db8771d1103b8693) + +Now we'll move 3 months ahead to the [2020-09-30 Filing](https://fintel.io/i13f/melvin-capital-management-lp/2020-09-30-0) \- Melvin has added a nearly $18M short position in VIAC for 640,000 shares with a price average of $28.01 listed. 4 months from these positions, and just 2 months from when this report was filed, GameStop will sneeze. VIAC price at this time is $31.90, which means that Melvin is already underwater on the short. + +[Melvin 2020-09-30 VIAC](https://preview.redd.it/8r9tn3o470s91.png?width=783&format=png&auto=webp&s=1b50d6f3f727e2b0cd78769f28521e4f79b182be) + +Before we get Melvin's next 13F, let's set the stage. The GameStop Sneeze occurs around Jan 25th 2021. The world is rocked by the implications of naked short selling. Melvin Capital is scrambling to survive, and telling everyone that they closed their shorts. Just two weeks after this explosion, Melvin has to file their end of year 13F and reveal the positions they held 2020-12-31. Everyone is watching this filing like hawks, and Melvin knows that people will be looking for other places that Gabriel Plotkin and the fund are still exposed. + +The [2020-12-31](https://fintel.io/i13f/melvin-capital-management-lp/2020-12-31-0) filing drops on February 16th 2021, and the world rushes in to see the GameStop position for themselves. What isn't listed there, however, is the aforementioned VIAC put. Clearly this suggests that Melvin closed this short position sometime between 9/30/2020 and 12/31/2020, considering it was on the previous 13F, but not this one. Melvin knew he couldn't conceal the GME position, there were too many eyes looking for it exactly. Instead, he chooses to hide things that we aren't focused on. + +[2020-12-31 No VIAC Put in Melvin 13F](https://preview.redd.it/topwur0770s91.png?width=769&format=png&auto=webp&s=768c0cf6851428b72bda24383f813225665f68f0) + +Good thing Melvin closed that Put, because at the time of this filing (2/16/2021), VIAC has climbed to $59.14! Melvin's put position, with average share price at $28.01, would have been crushing. On top of the GME situation, it certainly would have weighed heavily on their ability to meet collateral requirements. **Oh, not to mention that this is just 2 days before their Congressional Testimony on 2/18/2021.** + +[VIAC 2\/16\/21 $59.14](https://preview.redd.it/z3wfc2g970s91.png?width=1043&format=png&auto=webp&s=248c1c333a6a6c33d6c061c310734aa89cd31a3c) + +In a free and fair market, this would be the end of our story. In this world, however, money buys justice. 2 MONTHS after this 13F was filed (and 4 MONTHS after the original reporting period) Melvin is somehow allowed to file a [2021-12-31 amendment](https://fintel.io/i13f/melvin-capital-management-lp/2020-12-31-1) on 4/28. + +[Melvin 13F late amendments](https://preview.redd.it/t2hrbved70s91.png?width=693&format=png&auto=webp&s=4d68033641f6ff58a073fe964495d8648c0be8cb) + +And what do you know? THE VIAC PUT WAS NOT CLOSED! NOT EVEN CLOSE! PLOTKIN INCREASED HIS PUT AGAINST VIACOM BY 409%. He's now short on 3.26 million shares. Considering the average share price has risen to $37.26, Melvin has been shorting like crazy all the way up. Sound familiar? It's also worth noting the other considerable positions listed here that were excluded from their original report. + +[Melvin Amended VIAC short 409&#37; increase](https://preview.redd.it/bnh7povf70s91.png?width=783&format=png&auto=webp&s=b3ae8b019d515c7cd3f3bddf2dc0141e94a8f36d) + +So why would Melvin file this amendment now? **Maybe because they're finally clear of being snapped**. In the interim between the filing on 2/16 and this amendment on 4/28, VIAC squeezed from $59.14 to $100.34, then plunged back down to $37.92 before flattening out. + +[VIAC 4\/28\/21 $41.43](https://preview.redd.it/3sysg24i70s91.png?width=1042&format=png&auto=webp&s=6837b9d86b55a74b6f6299e5ac8721bb23384713) + +So WTF happened to it? Well, just 19 days later on 5/17/21, Melvin files their next 13F for the period [2021-03-31](https://fintel.io/i13f/melvin-capital-management-lp/2021-03-31-0). It shows that Melvin closed the VIAC put position entirely. + +[Melvin 2021-03-31 13F VIAC Put SOLD](https://preview.redd.it/86hot5kl70s91.png?width=770&format=png&auto=webp&s=8591ffadbc95a8b33db4be40400b9f03af88580b) + +This means that Melvin closed this position on or before 3/31/2021. What an insanely lucky bastard, considering that VIAC crashed with only days to spare for Melvin to close the short position. On 3/22, Melvin would have been on the hook for $100 per share. Thankfully for Gabriel Plotkin and Melvin, another fund that's long on VIAC gets blown up at the perfect time to save his ass, and provide tons of distraction to take the market's mind off GameStop. You may have heard of them: **ARCHEGOS. Begining March 24th 2021, Wall Street Banks started liquidating Archegos' extreme long exposure to VIAC.** [Timeline of the Archegos Meltdown here.](https://www.reuters.com/article/usa-markets-blocktrades-timeline/timeline-diary-of-a-meltdown-how-the-archegos-capital-fire-sale-went-down-idUSL1N2LS332) + +[VIAC $45.10 3\/31\/2021](https://preview.redd.it/xjte2jgo70s91.png?width=1046&format=png&auto=webp&s=0cc291943fe705198afd12b4f77de6a86cc9982e) + +Now, keep in mind that these 13F only report the positions held on the date of the reporting period, as well as updating any positions listed on previous filings. This means that Melvin likely had exposure to far more than the 3.2M VIAC shares revealed by the amended 13F, having continued to short as hard possible after the original 12/31/2020 report in order to fight down the price - just like they did with GameStop. + +**In Review:** + +* **Melvin hid an enormous Put in Viacom from his 13F reporting. This is a crime.** +* **Melvin's hidden Put in Viacom would have deeply damaged his balance sheets.** +* **Melvin survived with only days to spare, saved by the Archegos meltdown, which took media pressure off the GameStop situation, and financial pressure off his balance sheets.** +* **Melvin likely made fuck loads of money shorting all the way up VIAC's climb, then closing after the crash, just like they tried to do to GameStop.** +* **Melvin's false 13F was filed just 2 days before Congressional testimony where they insisted their shorts had been closed. The amended 13F, in combination with the sale on the 2021-3-31 filing, proves that was a lie. Melvin had an enormous short position in VIAC, was actively shorting VIAC, and lied to protect both himself and his position.** +* **The Archegos Meltdown would go on to consume the majority of the public's reporting and attention to do with Wall Street fuckery. Regulators and investigators across the globe were suddenly handed a much "bigger" crime to solve (Apes vs Banks), a dead body (Archegos is gone, GME shorts still fighting), and an emergency timeline (Credit Suisse & Nomura meltdown).** + +# Join me next time for DD on how Melvin Capital conspired with Goldman Sachs, JP Morgan, and Morgan Stanley to throw Archegos to the wolves, loot the body, and leave Credit Suisse holding the bag. + +[\\"It's the Death of a Whale, Man.\\" - Biff Loman](https://preview.redd.it/30nzx3xq70s91.png?width=1020&format=png&auto=webp&s=99254f9a31d7887e2ee3298721d0e6b96e1cdef2) +Everyone always laughs when good news comes out and GME tanks. Today we got invited to the S&P 400 and rebranded EB Games to formally become International GameStop franchises. Hedgies knew this would be good so they sold all the shares they bought through dark pools, this is why price tanked on a volume of 600K even with a high buy sell ratio of 5:1 (what GME hits midday with the low volume we have seen in the past few weeks.) + +However they were so wrong in doing this and Ryan Cohen baited them. Yesterday that massive selloff I believe was hedgies taking thier profits on tech stocks before earnings so they could tank GME today. However, in order to do that they must have capital to back up the shorting they do as well. Normally in a bull market they do, but you know what today is? ITS JPOW DAY!!! +Once he gives his speech the market will tank on that speech like it always does and RC knows it. So he chose today to make these announcements so that hedgies would short but then be stuck without collateral as the markets dip, causing them to roll over thier positions causing GME to stay green today and leave hedgies out off ammo for GameStop earnings. + +Edit1: yes I know market did not tank today which is surprising as it usually does when jpow speaks. This is probably ur to there already bring a selloff yesterday in megacaps, GME did recover a bit and it will be interesting to see if the markets will be up or down for the week starting tomorrow, and hopefully GME gaps up to $180 EoW. +I trust RC in that he knows what he is doing and his announcements are usually in clusters and timed so they benefit GameStop, so let’s see what he is up-to and what comes later down the streatch. + +Clarification: yes I know RC didn’t control S&amp;P 400 announcement, although it is a nice coincidence it was announced today, I was referring to the expansion into foreign markets starting by rebranding EB Games to GameStop +How long does it take for you to get a credit score after getting a credit card? + +I just got a credit card today but I can't use cred since I don't have a credit score. I'm wondering how long it takes for a credit score to show up + +The main reason is that I want to pay my credit card bill with cred and was wondering when it would generate? +With the TSX and S&P 500 falling to levels not seen since the start of February 2021, is now the time to panic? If not now, then when can I start panicking? +https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring + +It is LONG AS FUCK. Friendly reminder to DRS your shares or they're not yours. +Tax Accountant (CPA) here. Also XXX holder. + +This is a follow-up from a u/TwistedMechanixTX suggestion for a tax person to help answer some questions. + +I deal with IRS, not the SEC. I won't be too much help in analyzing SEC filings. But I do have a few years of experience with individual returns (family business and some high net worth). + +Would anyone be interested in a tax guide? I can read up on some rules and share some knowledge. I promise it's not as complex as you'd think! + +If anyone has some questions, feel free to post below. If this gains some interest I can start on a draft. This would be centered towards US shareholders, as I am not familiar with international tax laws. + +I don't post a lot, but I've been here since this sub was created. Not sure how to get the voted flair to show, but I can verify my license if mods would like! + +**Edit:** Thanks for all the feedback! Looks like this gained some traction, so I will do some review over the weekend. For simplicity it will probably be easier to break into a few different posts: + +* Income - money coming in +* Deductions - reducing income subject to tax +* Estimated Tax Payments/State taxes +* Gift Tax, Trusts and Estates +* Finding a CPA firm / what to expect / how not to piss off your accountant +* Non for Profits / private foundations / etc. - need to research +* Foreign Shareholders - need to research + +I'll read through all the comments over the next few days and make sure I address everything. My hope is to provide information, so you can optimize all tax advantages :) + +**Edit II:** I will start working on this over the weekend. Few things to just keep in mind: + +* Tax is super vast. I won't know every single thing but hope I can at least point you in the right direction +* I'm not comfortable with preparing anyone's returns. This is something you shouldn't try to save a few $$ on +* I've gotten a handful of questions on specific state rules. Unfortunately, every state makes its own tax rules. I will focus on federal rules for right now, since they're the most applicable to everyone. +* I've seen a few comments on tax loopholes, off-shore banks, etc. I will probably look into this, but only because I'm personally curious...my goal is to simply provide information. +Good morning Apetown! + +As promised [here](https://www.reddit.com/r/Superstonk/comments/nb5sh6/maybe_we_missed_some_triangles/gxxo5zm?utm_source=share&utm_medium=web2x&context=3) and [here](https://www.reddit.com/r/Superstonk/comments/nb4tbl/ryan_cohen_tweet/gxxiq6y?utm_source=share&utm_medium=web2x&context=3), I went to the GameStop the one and only ChairMan himself was at last night to see if I could do some digging around into whether there was some hidden meaning in the games displayed in his tweet. + +**TL;DR: Inconclusive. EDIT: Some apes find it more conclusive than I did. Conspicuously placed on the "D" shelf was Crash. H/T to** u/Noderpsy **and** u/Kuzuuryu1. + +Sorry my simian sisters and brothers. That's not to say, though, that you can't draw your own conclusions from the pics I took. + +As you can see it's definitely the same GameStop: + +&#x200B; + +[Not seen here: Ryan \\"The Hedgeclipper\\" Cohen](https://preview.redd.it/aso34jysqwy61.jpg?width=3120&format=pjpg&auto=webp&s=049728f71fe7f7d025c67066c9a20612fa486bb1) + +(One of the reasons why it took a little longer than expected was because there was an actual patron there, who was *very* enthusiastic about talking about the MCU and WWE -- hence Ry-Guy's new nickname above.) + +But, and I know this is what you're really here for, here's a picture of The Rack: + +&#x200B; + +[Little bit of column A, little bit of column B.](https://preview.redd.it/fwi291ajrwy61.jpg?width=3120&format=pjpg&auto=webp&s=a03b9bb307195edc7634c0b814c0574b34d0c13d) + +So, since you very discerning apes were able to make out the blurry images next to The Hedgeclipper in his tweet (some of you have been mixing carrots into your banana smoothies!), you'll no doubt see that there are some titles that are the same (Children of Morta, Crackdown, etc.), some that are new (Spyro, some pre-used games), and some that are conspicuously missing (Crash, Valhalla, The Surge). + +I asked the employee who opened (who I was going to take a picture of, but he declined becoming Internet famous -- I'll get to him more in a sec though) if he was there last night, and he said that he had left around 5:30, and that he wasn't aware that The Hedgeclipper was there afterward until I told him. I also saw him straightening the display before the store opened and asked if he had rearranged that particular shelf before I got there, and he said that he hadn't, that he was mostly just putting headphones on to the right of this shelf. + +So, what to believe? Did the closer do his normal duty and make it look good? Possible. Did Sñr Cohen purposefully place them there? The world may never know... + +For what it's worth, the rest of the titles were pretty much entirely arranged alphabetically, so if there's any indication the ones in The Hedgeclipper's tweet *were not*, I would be mui suspiciado (or something, I'm not a Spanish-speaking ape). Your eyes are better than mine, so I'll let you decide that. + +Just a couple other notes from my visit: + +* The aforementioned employee said that he works there entirely because he enjoys it, that he's a retired Marine who was shot twice in Afghanistan, so he doesn't have to work at all if he doesn't want to. +* I asked how many people worked at that store, and he said about 5. Rest assured, fellow apes, all of them will be well taken care of when this is all over. +* He doesn't do social media, like, at all, so he was not aware of what's about to happen. Because he was helping customers before, during, and after my visit, I was unable to inform him more unfortunately. +* I've had a nagging unease in the back of my mind since this all started, because I recalled early in the pandemic that some GameStop stores refused to close because they were "essential". I asked if that was the case at this location, and he said no, since the whole mall was closed, but also that every story on the East Coast closed anyway; it was just in states that didn't require closing at all that they remained open. Now, nothing is a given, but I have a feeling that this is the sort of practice that will definitely change under The Hedgeclipper. No ape left behind. + +Hopefully this scratches your itch, fellow apes. + +To the moon! :) +YouTube video of Buffett talking about GE's problems: + +https://youtu.be/TM9ztFadLLs?t=4m10s + +The Markopolos report is essentially quantifying these problems and showing that they are far more serious than previously believed + +Read the report here (it's a slide deck, easy to understand): + +http://fm.cnbc.com/applications/cnbc.com/resources/editorialfiles/2019/8/15/2019_08_15_GE_Whistleblower_Report.pdf + +Be careful, everyone +**🐝 SaveTheBees 🐝 | $STB** + +&#x200B; + +🐝 Launching this FRIDAY, May 7th! 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The more you hold, the more you will receive because of the redistribution tax and because of the increased liquidity distribution you can rest assured that liquidity won’t be an issue here. + +**🐝 SaveTheBees roadmap includes:** + +\> Code Audit + +\> Professional Marketing + +\> Partnerships + +\> Donations ($50,000 goal) + +\> Farming + +# 🐝 Tokenomics + +Total Supply: 1,000,000,000,000 + +Max buy: 3% + +SLIPPAGE 11-13% + +A portion of every transaction will be sent to bees, liquidity, redistribution, and a portion will be burned. + +Presale: https://dxsale.app/app/pages/defipresale?saleID=590&chain=BSC + +Site: https://savebees.xyz/ + +Audit: https://savebees.xyz/Audit.pdf + +# ✅ Contract + + 0xF37474BF5F0550c365c40fCDd8c1187867068daC + +&#x200B; + +# 📝 BSC + + [https://bscscan.com/token/0xF37474BF5F0550c365c40fCDd8c1187867068daC](https://bscscan.com/token/0xF37474BF5F0550c365c40fCDd8c1187867068daC) + +&#x200B; + +# 🥞 Buy on PancakeSwap: + +\[coming soon\] + +# 📈 Chart + +\[coming soon\] + +&#x200B; + +# 📲 Telegram + + [https://t.me/SavetheBeesBSC](https://t.me/SavetheBeesBSC) + +&#x200B; + +# 🐝 Twitter + + [https://twitter.com/SaveTheBeesBSC](https://twitter.com/SaveTheBeesBSC) + +&#x200B; + +# 🐝 Medium + + https://medium.com/@savethebeestoken +**💎 Welcome To BigETH The Next 100x gem! 💎** + +💎 We've Built A Reflationary Token To Earn 8% Ethereum Every Hour, The King of meme coin offering the Biggest reflection reward in ETHEREUM after every hour BIGETH transactions get distributed among holders and contribute toward automatically generating liquidity locked inside the LP-pool. + +&#x200B; + +&#x200B; + +• Total Tax 10% + +• Reward to holders 8% + +• Marketing 1% + +• Liquidity 1% + +• Auto Reward in Eth Every Hour + +&#x200B; + +&#x200B; + +**💎 HOW BigEth is a Reflationary** + +🔸 Token of Ethereum gives holder 8% of transection charges as a Ethereum every hour while sleep also. + +&#x200B; + +&#x200B; + +**💎 8% Ethereum Reward** + +🔸 Earn ETHEREUM while you sleep, eat or walk or play. 8% of every buy/sell is taken and redistributed to all holders. 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I’m 16 now, and I’ll be getting 120k when I turn 21. I’m super scared I won’t be able to invest or manage it properly and will end up losing it all. This is a lot of money, and I feel like other, more financially adept, people could do wonders with it. I’m still young, so I think I have enough time to mentally prepare myself for it. I’m fairly good with numbers and actually like paperwork, so I was thinking about studying something related to finances in business school, but other than that I’m lost. Any advice on preparing myself for it and what to with it once I get it? +Hello everyone, I have a few more questions. I have invested about $2500 in the stock market. Half of my stock are in growth stocks and the other half are in dividends. Right now I am holding Honeywell and Apple which are my main sources for dividends. My question is, How do I approach taxes when I am receiving dividends? I know there are accounts I can have to stop paying as much but I don’t know anything about Roth Ira‘s or which I would benefit from. I want to keep reinvesting my dividends gain more growth over time but I don’t want to be taxed out the ass by doing so. Thanks for any help ! +If you're looking at call spreads or iron condors in $NKLA thinking "wow, I can get more credit than the width of the strikes" then you should watch the segment from tastytrade today called "Last Call." Tom Sosnoff explains that the reason you are getting more credit than the width of the spread is because if your short call is breached and you get assigned, there is something like a 500% interest rate to borrow the stock. So that is priced in. I wasn't paying much attention so video link is below. + +I have a 10-pt wide iron condor for $800 in credit, and I cannot get out of it for the life of me for break-even, even though the mark has fallen below that many times. So you might want to consider that also. + +[https://www.tastytrade.com/tt/shows/last-call/episodes/last-call-06-15-2020](https://www.tastytrade.com/tt/shows/last-call/episodes/last-call-06-15-2020) + +Starts at 8:00. +Let’s say I am hodler of this stock that is losing money. + +I own 500 shares of ABC, at $30. +Right now the market price is $25. + +Strategy: +- I sell 5 covered calls at $26, below cost. +- If the stock goes above $26, I get assigned. +- To get back the stock, I sell 5 puts at the same strike of $26 or lower, reducing my cost basis via premium and maybe from the lower stock price. +- Rinse and repeat the above. + +What is the risk above? Again I’m a hodler of the stock. +💎✋ + +Edit: Some people are saying they like the gossip part, which is great, I think devils advocate is good in any strategic planning. + +At the end of the day, majority of the people on the sub are here for quality information only. Coupled with their own research they analyze and take a course of action in their own plans. And, lately, this stream of quality information is being disrupted by emotionally charged posts. + +Do I want to let my emotions take control and think about how corrupt the market is and vent? All the time, but this is strategically inefficient. Why? because you begin to lose rationality as emotion is added to the equation. + +The deadliest weapon that retail possess: Time & Patience + +Never forget that +TLDR: Robinshit and Shitadel are being set up to take the fall. Gensler scared at hard questions. No mention of DRS. Episode was good, but still sus. Don’t fall for their bait. Buy, DRS, and hold until the system breaks. Take this episode with a grain of salt and a serious amount of skepticism. + +Don’t get me wrong, the episode was incredible, especially the jabs at Mayo boi. Why is Robinhood and Citadel at the center of all this? It’s clear, they are being set up to take the fall. Be smarter than this apes. Over 60 institutions, including most of the PFOF brokers that also shut the buy button off. + +Maybe it’s partially our fault for putting most of the blame on Citadel and RobinHood. We laid out the perfect scapegoat. I appreciated Jon asking the tough questions to Gensler. But to see Gensler back pedal and get almost scared didn’t surprise me. + +Don’t forget that we are fighting a war on multiple fronts. We are fighting enemies that we can’t see. There weakness is our ability to hold. We are fighting the institution that is controlled by the elite, who don’t want to lose the one thing more important than money, their power. + +It’s not just Shitadel and Robin Da hood. This should not be another 08 where one firm goes down, 1-2 guys go to jail to appease us, and we make a pretty amount of money, but nothing changes. + +I want the banks to disappear. I want truly free and transparent markets with instant settlements. I want it to be impossible to naked short anything. I want our politicians to be free from corruption. + +There is only one way to declare war on this system. DRS your shares and hold. Why no mention of DRS Jon? That is sus enough to me. He is not an ape. He is still part of the media and we need to continue to remain vigilant. Don’t be satisfied with hearing what you like to hear from some figurehead. + + +Edit: Wow guys, I didn’t really expect this post to blow up. I’m really happy with the conversations that are taking place on the threads of this post. This is why I love this community. Thank you all for the awards and I’ll see you all on the moon! Keep ‘em on their heels, it’s time to continue being relentless! +I get it + +We’re a bunch of retarded assholes and autists +But we used to make fucking $30,000 on a play and give like $1000 to a charity + +That was peak WSB’s + +Come Monday I’m opening more SPY put positions and closing the ones I’m holding right now in profit + +I’m gonna be donating some of it to the St. Jude + +If I’m gonna be retarded and yolo and win + +Might as well give something back + +WSBs used to do this shit all the time, no clue why we stopped + +Edit: Gold and Silver? Awww You guys shouldn’t have. No really. Save your money and buy puts. +Now that I have your attention, I was sucked in by a personal banker to buy HDFC Life Sanchay Par Advantage plan. The guy just called. Showed me mouth watering illustration of how I will get 39k every year, If I just invest 1 lac every year for the next 12 years. He didn't give me enough time to think. I was sucked in. But since then, I have seen reviews of the plan and they are NOT favorable at all. How do they arrive at the 39k per year cash bonus every single year. I kept pointing out that this 39k is non-guaranteed in the illustration. But he kept on telling me not to worry. Id be grateful if someone can point out what they are hiding? The illustration is here: [https://imgur.com/a/nlYutfP](https://imgur.com/a/nlYutfP) + +Update: July 17th. + +So, I have initiated the cancellation process. I spoke to the agent just to know what he is going to say, and he was like I will only get back around 89k for the 1 lac premium that I had paid. Even if it is within the free look-in period. I immediately knew he is bull shitting and proceeded to mail HDFC Life to cancel it. They emailed me back saying I had to go to the nearest HDFC Life branch to get it cancelled. I realized that they would try to convince me in the branch, hence I insisted on cancelling by mail itself. They accepted and have now initiated the process. Meanwhile, I wait and hope they refund the amount to my credit card before the due date of the credit card bill. +Evergrande did not receive it's foreign bond interest payments yesterday, the debt ceiling being raised got shut down in senate, and banks have to have 1 trillion dollars in liquidity on the 1st + +Why is this not being talked about? DRS is a really good thing, but an upcoming catalyst for gme to moon is a market crash. +When the short hedge funds default, they will have to close ALL positions. Including their over exposed short positions. +The market crash is already started to happen. Remember when burry said "it's starting" last week + +J.p. Morgan is preparing for the U.S. to default, senators are saying Powell isn't going to be renominated, that dumb bitch yellen is saying leveragd hedge funds can lead to financial runs, the feds fiscal year ends the 30th and the next day on the 1st banks needs 1 trillion dollars in liquidity. +I may be retarded, but I think shit is about to hit the fan. And when it does gme will be on its way to the moon 🚀 + + + +TLDR: I believe the upcoming market crash will be a catalyst for gme to moon. When short hedge funds default, they will have to close ALL positions. Including their over exposed short +My friend from FF14 discovered I have a stake in ETH and suggested I try playing crypto games/metaverses with him so I can also earn more while playing. + +From a gaming POV, I can’t deny being interested after seeing the gameplay of these ETH titles. But I can’t help but feel hesitant from a staker’s POV. Here are some games I might play: + +* [**Kawaii Islands**](https://twitter.com/kawaii_islands/status/1444244382954127363)**:** The art really stuck to me NGL. I dig the woodpunk/fantasy JRPG aesthetic with idle game mechanics. Basically, you get a floating island you can treat as a farm of sorts. You can craft items with limited customization that you can sell as NFTs. With all the craze in edgy/flashy crypto games, I’m very much leaning towards Kawaii Islands for the idle mechanics. +* [**Axie Infinity**](https://axieinfinity.com/)**:** Linked for reference but everyone probably knows this already LOL. The USD 500+ entry rate is a bit steep for me, but the gameplay seems promising. Axies you breed and purchase come with skills that can’t be changed, so choice is always important. Turn-based cards + strategy reminds me a lot of FGO, so it’s definitely intriguing. +* [**CryptoKitties**](https://www.cryptokitties.co/)**:** Cats are cute lol. That aside, it's a straightforward creature collection with quirky but appealing art. It reminds me of Neopets, so there’s definitely nostalgia kicking in. It’s also one of the first NFT/ETH games to become popular, right? +* [**Brave Frontier Heroes:**](https://bravefrontierheroes.com/) Always been a fan of JRPGs and I did like Brave Frontier when it came out. I was surprised there’s a crypto game. From what I’ve seen, gameplay isn’t far from the original BF titles. It’s turn based, and units can be customized with items and skills like in the original games. +* [**Ember Sword**](https://embersword.com/)**:** I dig the isometric POV and the overall art. Reminds me of RuneScape/Albion since it’s a sandbox MMO with freeform fighting and crafting. I feel like the earring aspect might be tricky to get into since there’s a lot to do on the get-go. + +Do you think playing these games are worth it or do you have other recommendations? Really appreciate your responses. +Is there any research that you have come across which explains the economic effect of UBI on people's willingness to work and also on inflation? + +Thank you +A recent search of Google News only returned one recent article about the Trade in Services Agreement, despite the fact that that is expected to [effect the most people](https://www.youtube.com/watch?v=2_pPqnbXpA4) by mandating the irreversible privatization in dozens of countries, including the USA of many public services such as health insurance, [financial services](https://wikileaks.org/tisa-financial/analysis.html) and education services in a manner similar [to GATS](http://policyalternatives.ca/publications/reports/facing-facts), the WTO services agreement. TPP is second place, perhaps helped by the rapidly changing venue changes at the last minute, news on TPP and [TTIP/TAFTA](http://ttip2014.eu) has also been kept almost completely out of the media by making them [impossible](http://www.ip-watch.org/2014/04/02/ttip-eu-commissioner-points-finger-at-us-secrecy-investor-state-provisions/) for even legislators to read. +Initial Jobless Claims: + +Survey: 2,100,000 + +Actual: 2,123,000 + +Prior Week: 2,438,000 + +Prior Week Revised: 2,446,000 + +Continuing Jobless Claims: + +Survey: 25,680,000 + +Actual: 21,052,000 + +Prior Week: 25,073,000 + +Prior Week Revised: 24,912,000 + +Total Jobless claims in the last 10 weeks: 40,700,000 +So I didn’t know this, but in February 2021 Microsoft started exploring the metaverse and NFTs within Minecraft (remember moonjam hype?) for a special event. The partner wasn’t Loopring, but I wouldn’t have expected it to be back then. Could have just been a test to see how it works. + +https://www.google.com/amp/s/www.coindesk.com/markets/2021/02/11/microsoft-and-enjin-bring-cross-platform-custom-nfts-to-minecraft/%3FoutputType%3Damp + +Here’s a video walking through what NFT Minecraft items look like: https://youtu.be/_6FDPuvxaKA + +But it appears that more than one entity can build a metaverse plugin for Minecraft. This is from a couple weeks ago: https://news.bitcoin.com/gaimin-brings-blockchain-and-nfts-to-minecraft/ + +Finally, I dug up this medium article talking about how the metaverse is already here. It’s Minecraft. Many of the points were very interesting. In particular, “Minecraft is already decentralized”: https://debugger.medium.com/the-metaverse-is-already-here-its-minecraft-99c89ed8ba2 + +**Speculation** + +So MAYBE just MAYBE GameStop is building their own Minecraft metaverse plug-in with Loopring built completely on L2. And MAYBE this Minecraft metaverse will be officially endorsed by Microsoft. + +Seems plausible, I think. I’m probably wrong though. + +Anyway, I wish I had more time to dive into this and see if I can further flesh this out into a solid DD, but I can’t and I’m not all that good at it anyway. Hoping someone else might be able to take it from here? (If there’s anything to take. This could all be nothing.) + +Also, fun fact, u/criand is a Minecraft savant. Dig through his profile and look at some of his incredible builds. + +**Edit:** I commented this, but it seems important to add.. + +Kids are OBSESSED with Minecraft. I was talking to my brother about my 12yo nephew over the holidays and apparently 90% of my nephew’s interactions with his friends are online, playing Minecraft. I know my nephew is just one of millions who are the same way. + +But kids can’t get into the metaverse and trade NFTs until it’s affordable to do so. There needs to be a marketplace that solves the gas problem. + +**Edit 2:** while this post is still getting attention, I want to address something I’ve seen in the comments about the fud that gamers don’t want NFTs because of micro transactions. Some people think the solution is to instead make full game NFTs so you can resell your digital games. + +**Re: reselling digital games vs micro transactions** + +My personal opinion: I don’t think gamers want their digital games to be scarce or exclusive either, which is the only way to make reselling digital games work. That will be just as unpopular if not more so than micro transactions. + +The thing is, micro transactions aren’t going away and the way they work now, where you have nothing to show for your purchase, needs to change because it’s a much bigger and more greedy money grab than NFTs. + +I’d much rather buy an item that I can resell later, than buy an item that I’m stuck with if I never use it. + +That said, this minecraft theory doesn’t have to be much different than reselling digital games. The top comment on this post is talking about a theory where creators can build experiences within Minecraft (like moonjam or Disney’s magic kingdom etc) that have their own live events and games. Your NFT could be an item that you hold in the game, but that item would serve as your ticket to these experiences which you can buy/trade/sell to other people. + +**I think where we’re headed is something much bigger than micro transactions or reselling digital games.** + +Don’t let the fud get to you. If someone doesn’t want NFTs in their games, that’s fine. Different strokes for different folks. No one is forcing them to buy NFTs. The NFT/crypto market, at its current growth rate, is more than enough to turn GameStop around. Because let’s face it 90% of them are gamers. In 5 years, people wont think anything of NFTs. +I hope with my whole heart GME will pan out and I can give my unborn child a better life than I have had. 🚀 + +Edit: Thanks for all the congratulations! Really warms my heart! ❤️ +I'm 8M nw. Worked for tech all my life, index invested, lived a comfortable life way below means. + +Trying to loosen up now. Our family of 4 typical 1 week vacation has only cost 4-7k (including airfare) as we appreciate "shoulder season" travel where it's less busy. + +Looking at a thread with vacation ideas here, accommodation alone was 5-7k a night. + +Question: what's your average vacation look like and it's ball park cost? Average as in one of 4-5 yearly trips, not a celebration or all out occasion. +We have a luxury property in Hollywood Hills. Rent is $12k/mo. For the past two months our tenant has not paid rent, and the three months before that, we have found that the rent money fraudulently came from another account (thus banks are trying to retrieve those three months). + +Tenant of course is asking for $110k to move out. He has “a guardian” we must talk to since he has “depression and suicidal thoughts.” The guardian states he is a lawyer but we recently found out through research that he is not. + +This tenant apparently is making a business out of this as he is concurrently being evicted out of another property according to our lawyer. + +Our attorney is stating this can take 3-6 months. The worry is the property. We made a ton of improvements to it prior to this individual moving in and our maintenance people reported that kitchen cabinets had been “cut out and thrown into the yard.” Additionally they report that the property is filthy. + +We posted a 24 hour notice for a property inspection but the tenants are declining. Any advice is appreciated, our house is essentially being taken hostage and actually costing us a fair amount of money. Thank you! +I've only been actively investing/trading for 1.5 years, and I made much monies on long calls I bought last fall on reopening stocks. Since then, mixed bag but mostly been bleeding bad on long options. So I started selling. But even there idk if I'm doing it right (made more $ than I've lost though). + +**So you sell options to WSB degenerates...but what does that mean?** + +* Do most of you sell high IV puts for that juicy premium? If yes, isn't that almost as degenerate because you could be stuck bag holding? Even if you get assigned on the put and sell CC's, those can also burn you if the underlying drops 20-30% in a week (ie, the premium you collect wouldn't come close to covering the overall loss on the underlying decline). +* If you do sell options on high IV stuff, **do any of you do credit spreads? If yes, give me an example of a strategy**, preferably on a specific ticker you've traded. I'm new to trading spreads, but I understand how they work so you don't have to explain that. + +I've been trading for the last year w mixed results, but I want to sell options to actually invest long-term. **Who here sells puts on dividend/blue chip/boomer stocks to build your portfolio and income?** + +* I'm looking for tickers under $40 because my whole portfolio isn't very large. What tickers are pretty safe, pay a decent dividend, and you'd recommend to build a foundation for long-term investment. No small/mid cap growth stocks, please. I already have my list of 5 stocks there (FSLY, SUMO, SKLZ, PLTR, PRCH). + +Teach me the way. +A while ago, I noticed that u / kronegker was posting some interesting rotation charts on this sub. I've since started adding that kind of visualisation to my own market dashboards. + +Some strange things I've noticed though: + +1. That account was a regular account posting in all kinds of subs up to a point. But nothing posted to this sub, WSB, investing, etc. A single comment in algotrading but that's about it for finance/trading. + +2. Then suddenly it was _only_ posting daily rotation charts to r/thetagang, after a time when many cyclicals had just gone up. And strangely, _not_ posting in any other subs any more. + +3. Then it completely stopped posting in any subs - no rotation charts, _no posts at all_ in the other subs it used prior to the sudden change to posting solely rotation charts into this sub. And many cyclicals dropped a bit soon after. + +I'm not sure what to make of this - weird coincidence of price movement and large changes in user activity? Or something more suspicious? An elaborate P+D (presumably with similar sockpuppets in other sites/subs/e-magazines)? + +What do you think? If this is malicious activity, how can we detect this stuff easier, to avoid trading subs being too-easily manipulated by P+D schemes? +On January 2, HDFC had informed that the company and its subsidiary HDFC ERGO has got approvals for acquiring a majority shareholding in Apollo Munich +The acquisition comes after approvals from the CCI, the RBI and the IRDAI + +Mortgage lender HDFC on Thursday said it has completed the acquisition of majority stake in Apollo Munich Health Insurance for ₹1,495.81 crore. + +HDFC bought 50.80 per cent stake of Apollo Hospitals Group in Apollo Munich for ₹1,485.14 crore and 0.36 per cent shareholding of employees for ₹10.67 crore. + +On January 2, HDFC had informed that the company and its subsidiary HDFC ERGO has got approvals for acquiring a majority shareholding in Apollo Munich. + +"Subsequent to this approval (regulatory), Apollo Munich Health Insurance Co Ltd has been renamed as HDFC ERGO Health Insurance Ltd (HDFC ERGO Health) and will operate as a subsidiary of HDFC Ltd," HDFC said in a regulatory filing on Thursday. + +The acquisition comes after approvals from the Competition Commission of India, the RBI and the Insurance Regulatory and Development Authority of India. + +Anuj Tyagi, Executive Director & Chief Business Officer at HDFC ERGO General Insurance Company (HDFC ERGO General) has been appointed as the Managing Director and CEO of HDFC ERGO Health, subject to approval from Irdai. + +HDFC ERGO Health and HDFC ERGO General will shortly apply to the National Company Law Tribunal (NCLT) for their merger, HDFC said. + +Post merger, the resultant entity will be the second largest private insurer in accident and health segment in the country, it said. + +"We are committed to create value for all our stakeholders with the combined strength of the brand HDFC and expertise of Apollo Munich in health insurance," said HDFC Chairman Deepak Parekh. + +Shobana Kamineni, Chairperson of Apollo Munich and Vice Chairperson, Apollo Hospitals Enterprise exuded confidence that the company will become stronger under HDFC. + +Apollo Munich Managing Director Antony Jacob will move to Apollo Hospitals Group. + +"The acquisition provides HDFC ERGO with the opportunity to grow by increasing its footprint and distribution network, in line with its strategic objective to be amongst the top private insurers in the industry. + +"Policy holders and channel partners will benefit from enhanced product suites, touch points and technology innovations," said Markus Rieb, Chairman, ERGO Group AG and board member of Munich Re. + +HDFC stock settled at ₹1,270.80 on the BSE, up 1.09 per cent from the previous close. + + +Article link: https://www.livemint.com/companies/news/hdfc-completes-majority-acquisition-in-apollo-munich-health-insurance-for-rs-1-495-81-crore-11578577371499.html +hi, when we see less demand over supply in agriculture commodity , prices immideatly affected . How automobiles despite inventory pileup are not reducing prices even tyre showrooms not reducing tyre prices. How in india despite slowdown in realstate sector or automobiles sector prices still stagnant ? what is under lying math followed by delears or builders through which they can sustain burnt. +hi, when we see less demand over supply in agriculture commodity , prices immideatly affected . How automobiles despite inventory pileup are not reducing prices even tyre showrooms not reducing tyre prices. How in india despite slowdown in realstate sector or automobiles sector prices still stagnant ? what is under lying math followed by delears or builders through which they can sustain burnt. +# + +[This sad beaten up bear will explain the VIX](https://preview.redd.it/dyjiunojobi71.jpg?width=1024&format=pjpg&auto=webp&s=f727484d3461c3e6d6fb9e6d2f7e7d5704521a7f) + +&#x200B; + +# Apes, + +&#x200B; + +# This is an area I think I can be helpful in answering some questions. I have gained and lost shitloads trying to time corrections with TVIX (No longer around), UVXY, VXX, FAZ, SPXS, etc. So I feel like I can be helpful to this community when talking about VIX and some rookie mistakes. + +\---------------------------------------------------------------------------------------------------------------------------------------- + +# First off, what is the VIX? + +# + +***VIX is the ticker symbol and the popular name for the Chicago Board Options Exchange's CBOE Volatility Index, a popular measure of the stock market's expectation of volatility based on S&P 500 index options. It is calculated and disseminated on a real-time basis by the*** [***CBOE***](https://en.wikipedia.org/wiki/Chicago_Board_Options_Exchange)***, and is often referred to as the*** ***fear index*** ***or*** ***fear gauge.*** + +&#x200B; + +&#x200B; + +**(Summary: The VIX just a mathematical equation of average days in a month (30 days), risk free rate, 30 day forward price on the S&P, and prices of calls and puts with 30 day maturities)** + +&#x200B; + +&#x200B; + +***Ape Speak: Basically, it's trying to measure the Implied Volatility of the S&P. People call it the fear index because it looks at people buying Puts on the SPY (S&P 500) vs calls and the other factors I listed in the equation***\*\*.\*\* But basically it is just an indicator showing you that people are betting (Placing Puts on the SPY) that the S&P 500 is going to go down. (It's more complicated than that but I'm just trying to make it easy for the average person on here) + +&#x200B; + +# What does it do? + +# + +The VIX is a measure of the current price index options. There are direct correlations to prices of options tied to the VIX. You will find that when the VIX rises, options tend to be more expensive. When the volatility increases, options IV's often go up as well. + +&#x200B; + +# What does it not do? + +The VIX is actually not a great indicator of the future. It really just tracks the inverse of price in my opinion. + +&#x200B; + +# Corruption + +Guess what Apes, MORE FUCKERY. The more I learned about the VIX, GME and how the markets work....I realized how options work for the biggest players and how they actually can manipulate the VIX. Why would they do this?? Guess what.....it has to do with options/derivatives markets.....shocking and controlling the market. + +&#x200B; + +1. Griffin, John M.; Shams, Amin (May 23, 2017). ["Manipulation in the VIX?"](https://ssrn.com/abstract=2972979). *SSRN.com*. [doi](https://en.wikipedia.org/wiki/Doi_(identifier)):[10.2139/ssrn.2972979](https://doi.org/10.2139%2Fssrn.2972979). [S2CID](https://en.wikipedia.org/wiki/S2CID_(identifier)) [157586475](https://api.semanticscholar.org/CorpusID:157586475). [SSRN](https://en.wikipedia.org/wiki/SSRN_(identifier)) [2972979](https://ssrn.com/abstract=2972979). Retrieved 25 February2020. +2. [**\^**](https://en.wikipedia.org/wiki/VIX#cite_ref-37) Cornish, Chloe (13 February 2018). ["Anonymous 'Whistleblower' Claims 'Rampant Manipulation' of Vix Index"](https://www.ft.com/content/a89eba68-10b4-11e8-940e-08320fc2a277). [*Financial Times*](https://en.wikipedia.org/wiki/Financial_Times). Retrieved 26 February 2020 – via [FT.com](https://FT.com). + +&#x200B; + +# Pump the brakes Apes....... + +# + +So what those the VIX mean for Apes? It means people are betting the market is going down and that does not mean GME moons today. (I mean it could but I find it unlikely at this point) I get it, the VIX is a fast moving indicator, it sounds cool, and it's for gamblers who have many make or break plays. + +&#x200B; + +&#x200B; + +The very nature is kill it or be killed with VIX ETF's. **You hit big once and you can make tons but you will lose more often than you win. I'm serious, those ETF's I mentioned earlier have daily decay and are meant to be short term plays.** You have to hit a fast moving curveball out of the park or you will probably lose your shirt playing VIX stocks. + +&#x200B; + +&#x200B; + +# I DO NOT RECOMMEND ANYONE TRADE VIX STOCKS. BUYING GME AND HODL IS WAY SMARTER. (Not financial advice but my opinion) + +# + +**This is where the big guys get you. (In a bull market) Every couple months, they get everyone talking about doom and gloom when near market highs. They get tons of people thinking, this is it.....the market is going to correct and they start buying SPY puts and VIX stocks. Retail traders flood the put side and the VIX rises......THEN "THEY" CRUSH RETAIL by just flooding the market with buying power.** + +&#x200B; + +(\*Look at the SPY just climbing right back out off the 435 bounce. They will now get bulls to buy back in thinking that STONKS always go up......then fall back to max pain tomorrow. Don't believe me.....Max pain as I'm writing this is 437. If history is an indicator.....we will ping pong back and forth trying to draw in as many people into losing on options. They will hold really close to 439 and maybe run it over to like 441 then they will drop quickly when the call options fill in and then drop it out of the money back to 436. This sort of shit happens on the weekly but most people don't notice.) + +&#x200B; + +**When I saw this VIX up today, my first thought was to buy short term Calls because this is what they do. They want people buying puts and then they just gap up and crush the bears. (AKA BEAR TRAP and they do this ever so often because it works) and they try to draw the bulls back in and then crush them too.** + +&#x200B; + +Just watch where max pain is and it usually falls pretty damn close it it each week. Watch for 437 on the SPY. + +&#x200B; + +# What should we be looking for? + +&#x200B; + +If you want to start learning more, [http://vixcentral.com/](http://vixcentral.com/) this shows the VIX futures. + +&#x200B; + +**When that goes straight up.....that means shit is going to hit the fan. It's not currently. So pump the brakes a bit.** + +&#x200B; + +I know we like the hype but I feel like we should have a good understanding with so many smart people here. I've been trading a long time and thought I would share what I know about the VIX. I've never seen a stock at like GME. Where there is smoke.....there is fire. + +&#x200B; + +&#x200B; + +BUY GME, Don't fuck with Options, and HODL. + +&#x200B; + +1. UVXY isn't a direct correlation to the VIX. It has to do with the M1 and M2 futures found in the [http://vixcentral.com/](http://vixcentral.com/) link here. +2. These inverse ETF's decay and are not meant for long term plays. +3. VIX can be manipulated so take that with a grain of salt + +&#x200B; + +&#x200B; + +# Let me know if you have any questions? + +# + +# Much love +Full tweet is "I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board." +He goes on to say. +"He’s both a passionate believer and intense critic of the service which is exactly what we need on @Twitter, and in the boardroom, to make us stronger in the long-term. Welcome Elon!" +[Here is a link to the tweet.](https://twitter.com/paraga/status/1511320953598357505?s=21&t=5xpJeKF-FsakkYSPvLeaNg) + +Musk tweets, "Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!" + +[If you missed it.](https://reddit.com/r/stocks/comments/tvyoxd/elon_musk_takes_92_passive_stake_in_twitter/) Yesterday It was announced of Musk taking a large stake in Twitter. + +How does everyone feel about this? +https://www.cnbc.com/2020/03/14/grocers-limit-food-purchases-urge-shoppers-not-to-hoard-kroger-is-hiring.html + +Texas grocery chain H-E-B is limiting purchases of some food items, including eggs, boxed pasta and canned soup. + +Kroger said it has immediate openings for employees to help keep its shelves stocked. + +In a video message, Walmart U.S. CEO John Furner thanked employees for working hard to meet heightened customer demand. +I would like to know your thoughts about this economic system and what opportunities and flaws you see if it would be applied. + +0. Thoughts + +During our lives we exchange big amounts of our own time to be able to afford things we need, want to have or want to do. We convert time into money and then into services and goods. Instead of comparing goods and services with money we could also compare them with the time it takes to afford them. + +Instead of saying "This ice cream was 7$" we could say "This ice cream was worth 0.5 hours of my time working for it". +The flaw here is that while a 30.000$ car could mean 3000 hours for one person, it could only be 200 hours for another person, because he earns more per hour. +A way to fix this would be to pay everyone the same amount of money per hour. +By doing this we can now valuate every service and good by the amount of human work that was put into it. And for this price it can be bought. + +1. Underlying paradigm and assumptions + +A) The universal "currency" is 1 human time HT (1 hour). + +B) Everybody is paid the same. 1 hour of work earns someone 1 HT. + +C) Everybody is doing his work properly and with enthusiasm. The motivation to do good work is always present. + +D) Everybody is doing his job as a skilled worker + +E) Studying/Learning to become a skilled worker (from bartender to engineer) is counted as work and is therefore paid exactly 1HT per hour. + +F) All goods and services are priced accordingly to the HT that went into it. +Example: A farmer needs 1HT to harvest 10 apples. To sell them it costs another 1HT (a store, people working there, etc) Therefore the price of 1 apple is 2HT divided by 10 = 0.2 HT. + +Would basic services and goods be affordable for everyone? +Could everyone live a good life? +Is luxury possible but maybe limited? +If this does not work, does it mean that a good living for one person is only possible for the suffering of another? +In short, our mission at Londex to make a safer and more prosperous BSC. We are building a vast utility platform with special features for KYC vetted projects. + +&#x200B; + +We have developed a worlds first ever anti scammer AI named Guardian. We have used this technology to recover stolen tokens and protect our investors on several occasions despite still being in beta development. + +&#x200B; + + We have passed multiple audits since our inception and when Londex is released we will be running our own audits. + +&#x200B; + +We have also just started to implement huge marketing plans. We are in the final stages of London billboard campaigns across underground stations, airports and major roads. We have partners in Asia and the US preparing broad marketing strategies as we speak. Wrapped vehicles with the Londex brand in London and New York. 2 exchange listings. Over 300 press releases and journalists writing about Londex and the Guardian AI. CoinDesk and China Daily partnerships. Huge support from prominent influencers. Multiple AMA’s. WeChat and Weibo influencers and targeted merchandise adverting. + +&#x200B; + +Our project was launched from a 4K market cap and has successfully and organically grown through tough market conditions to build a strong and vibrant community of diamond handed holders. After our successful migration to Londex and advances in the platform development, we are well on our way to building the first $1bn+ BSC utility. + +Look out for promotional videos on the Londex platform, a full pitch deck brochure and beta versions of the features. + +&#x200B; + +We have passed multiple audits since our inception and when Londex is released we will be running our own audits. + +&#x200B; + +We’ll also be featured on Bloomberg TV and Fox Business each month for the next year. + +&#x200B; + +If you need more information check out our website [Londex.io](https://Londex.io) + +&#x200B; + +Token Economics: + +&#x200B; + +📈13% Buy Tax + +&#x200B; + +📉16% Sell Tax + +&#x200B; + +Telegram : [https://t.me/londexofficial](https://t.me/londexofficial) + +&#x200B; + +Contract : 0x2089f0cbe8aca0950fa8c5bb04ade2323aee832f +Good People. + +In my [last post on BVT](https://www.reddit.com/r/Canadapennystocks/comments/ljwnhn/bee_vectoring_technology_agrifood_tech_business/) (BEE.CN), I had promised a follow up post with details from the investors call and also answers to some of the key questions I had sent across for additional clarification. + +The full investor call video is available here - [BVT investor call](https://youtu.be/ECIIlHQ2iSQ). + +Slide presentation used during the call is available here - [BVT investor presentation](https://www.beevt.com/investors/financial-information) + +**ADDITIONAL QUESTIONS I ASKED & THE ANSWERS FROM BVT** \- + +**Q1. Other than the US market, which other key markets do we have the approval for BVT?**  +**ANS** \- We only have approval in the US as of now, but we are planning on going after the Mexican and European market.  + +**Q2**. **When it comes to actual application of our products by farmers, what are the biggest bottlenecks currently and what is the plan to overcome them?**  +**ANS** \- In order to for the system to become fully deployed we have to coordinate with the beekeeper whose bees are being rented by the grower (this is the case for honeybees).  There are some logistics related questions that can come up since we are attaching our dispenser to their hive.  Also the beekeepers may have some questions about if there is any impact on bee health.  We are addressing these issues by engaging with the beekeepers at an earlier stage – ideally at the same time as we talk to the grower – to answer their questions and work out any logistics issues.  + +**Q3**. **Does our product provide selective products via the flowers or is it comprehensive enough to protect the entire crop? If former, what is the % protection?**  +**ANS** \- Vectorite with CR-7 is designed to protect against plant pathogens that attack the crop through the flower, but can cause damage to the fruit (or nut) later on in the crop cycle.  So by stopping the pathogen from entering the plant in the first place, we can also protect the crops against later season damage.  There are other diseases that will attack the crop from other areas (eg the leaf, or through the soil).  For these diseases bee delivery is not a good fit, so the farmer will use other plant protection products.  In the future we will develop a spray version of our CR7 product – with that product we will be able to manage some of them. + +**Q4**. **When are we expecting any approval in Canada soon?**  +**ANS** \- As of now, the focus of the company is to go after larger markets. We may start to look into the Canadian market sometime next year or after.  + +**Q5**. **What is the true value of the realistic addressable market when it comes to BVT?**  +**ANS** \- The overall global market opportunity for biological products is around $240 million.  Within that space our estimate for BVT is an addressable market of $20 billion.  This figure includes the overall market for fungicides and insecticides that are used to control diseases and pests around the flower zone, plus the opportunity for a seed treatment and foliar spray formulation CR7. + +**Q6**. **Is BVF providing the Bees directly to the farmers (via their beekeepers network) or are the Farmers sourcing the Bees at their end while BVT supplies the bio-product?**  +**ANS** \- We have partnership with two of the largest bee providers, so we provide a full solution.  + +***Summary of the investor call*** *-* + +**2021 Objectives** \- + +1. Active invoice/committed revenue of $1 Million +2. Leverage the California market opportunity (the biggest market in US) +3. Secure Swiss registration (entry into European market) +4. Complete regulatory submission for Mexico + +Note - it requires 3-4 seasons to properly make an impact in any new market. While awareness and pilot stages do not have revenue as the key goal, launch & expansion are revenue oriented. + +**Highlights** \- + +1. California represents the biggest market opportunity for Berries (55,000 acres). CEO lives there. +2. In Georgia itself, BVT worked with 11 berry growers covering 450 acres of BVT treatment (out of the 1400 acres owned by the growers). This year the goal is to double that figure, both on growers and acres retaining 100% of the clients. +3. In US the plan is to expand beyond berries this year expanding into tree nuts, oil seeds, tree fruits and vegetables. +4. California market opportunity is huge as the registration is very difficult. But now that is done, it represents 30% of total berry acreage of US and 1.2 million acres of almonds alone. +5. There are partnerships plans in pipeline across various countries where entry will/can be done via partnerships and BVT would be licensing its technology. Also plans to include 3rd party biological control agents to add additional pest controls via BVT mechanism. +6. While till now the focus was on development and piloting, 2021 focus is on commercialisation followed by expansion. Towards the end of the video, there are some interesting questions which the CEO answers pretty comfortably. Please watch if you plan to invest. + + +Once again, this is not a financial advise but simply information sharing for better decision making. Hope this information helps us all. +https://financialpost.com/commodities/mining/u-s-looking-to-canada-for-minerals-to-build-electric-vehicles-documents-show + +TL;DR: USA will source EV minerals from Canada. MN.V specializes in Manganese (30% of new EV cathodes) and Graphite. + +With Biden building on Trump's 'America First' directive, the USA will be looking to it's North American allies and trade partners to source critical materials for its energy and supply chain needs. + +A reliance on foreign products has weakened the independent strength of America's military and economy. + +As the future of green energy, and battery electric dominance rolls out, precious and semi-precious metals will become a huge component in securing the supply line. + +There are a number of good DDs for this company and its subsidiaries on here, so I'd suggest checking them out. + +Bottom line: share prices are low on a tremendous upside for the patient ones who buy now (2-4 year hold). +This is some low quality DD I must admit so i’ll give it a general discussion flair, I hold a small position but it’s worth looking at. Lumber has ran crazy in 2020 and 2021 is projected to be great as well. Why? Cause more and more homes are being built especially with covid somewhat under control we will see more immigration to the US and Canada. People are looking to move out of the city into more rural/suburban areas. This is the only small cap stock that hasn’t made a good run yet but just look at some larger cap companies that made a good run in 2020, $RFP, $CFP, $WFT. Financials are looking solid and their earnings report is tomorrow👀 + +Some key things to note: +- Peaked at $2.95 in 2018 currently trading at 1.55 +- Revenue for 2016 was 1.1 billion as well as 2017 and revenue for 2018 was 1.2 billion +- In 2019 their share price took a hit since they’ve only posted 800 million revenue for the year and of course early part of 2020 the covid crash made the stock take a hit as well +- However quarterly revenue for the past 2 quarters are looking very profitable with 2020 Q2 being 256 million and 2020 Q3 posting 290 million. Their last quarter makes them on track to beat their previous years revenue so the earnings call tomorrow is worth watching. + +Some bear cases to note is the fact that while revenue has been increasing however their profits have been on a decline from 2016-2019 and have just started to be profitable again in Q2 2020. Also, after earnings there may be no further catalysts and the price may just tread water or decline. + +🪵My price target is $2.40 *insert rocket emoji* but may re-evaluate judging on when it reaches it. Also this isn’t financial advice, just looking to spread awareness on the lumber industry. + +My Position: 2000 shares @ 1.50 CAD, GLTA 🪵 +This is some low quality DD I must admit so i’ll give it a general discussion flair, I hold a small position but it’s worth looking at. Lumber has ran crazy in 2020 and 2021 is projected to be great as well. Why? Cause more and more homes are being built especially with covid somewhat under control we will see more immigration to the US and Canada. People are looking to move out of the city into more rural/suburban areas. This is the only small cap stock that hasn’t made a good run yet but just look at some larger cap companies that made a good run in 2020, $RFP, $CFP, $WFT. Financials are looking solid and their earnings report is tomorrow👀 + +Some key things to note: +- Peaked at $2.95 in 2018 currently trading at 1.55 +- Revenue for 2016 was 1.1 billion as well as 2017 and revenue for 2018 was 1.2 billion +- In 2019 their share price took a hit since they’ve only posted 800 million revenue for the year and of course early part of 2020 the covid crash made the stock take a hit as well +- However quarterly revenue for the past 2 quarters are looking very profitable with 2020 Q2 being 256 million and 2020 Q3 posting 290 million. Their last quarter makes them on track to beat their previous years revenue so the earnings call tomorrow is worth watching. + +Some bear cases to note is the fact that while revenue has been increasing however their profits have been on a decline from 2016-2019 and have just started to be profitable again in Q2 2020. Also, after earnings there may be no further catalysts and the price may just tread water or decline. + +🪵My price target is $2.40 *insert rocket emoji* but may re-evaluate judging on when it reaches it. Also this isn’t financial advice, just looking to spread awareness on the lumber industry. + +My Position: 2000 shares @ 1.50 CAD, GLTA 🪵 +I've been at my employer for 15 years, and have been contributing to the 401k plan they for the past 13. + +My employer does not contribute to this 401k at all. + +Theyve recently made some changes to the rules of it that I'm not happy with, and I thought I would be nice to take this money and roll it into a private retirement plan, where I might have a bit more say the rules that affect my investment. + +My question is, is something like this possible? +Sadly I lost my mom recently and I was too busy and upset to think about the life insurance check. I got 25k and plan on putting most of it into savings and then investing around 2k (friend is giving me tips since he has done it for years). I have never made more than 1k a month and the most I have ever had saved was 3k. How do I not fuck this up +I know the popular notion on Investment in China, **right now**, is to "stay out" of China. + +China as a country has been an economical miracle in this century. They literally created a prosperous middle class. They have created the world's second largest economy from third world. + +According to the Hurun Global Rich List 2021, Greater China housed **the most billionaires worldwide in 2021**. By comparison, 696 billionaires resided in the United States. [source](https://www.statista.com/statistics/299513/billionaires-top-countries/#:~:text=According%20to%20the%20Hurun%20Global,resided%20in%20the%20United%20States) + +China has emerged as the world's largest manufacturer according to the World Bank. [source](https://www.everycrsreport.com/reports/RL33534.html#_Toc12530869) + +Economic reforms and trade and investment liberalization have helped transform China into a major trading power. Chinese merchandise exports rose from $14 billion in 1979 to $2.5 trillion in 2018, while merchandise imports grew from $18 billion to $2.1 trillion. China's rapidly growing trade flows have made it **an increasingly important (and often the largest) trading partner** for many countries. According to China, it was **the largest trading partner for 130 countries in 2013**. [source](https://www.everycrsreport.com/reports/RL33534.html#_Toc12530869) + +Today, the country is being rocked heavily. The Evergrande debt crisis is still unravelling (other major Chinese real estate companies are drowning in debt), there is shortage in many of the manufacturing items coming out of China (computer chips, precious metals etc.), they are under international pressures/(economic warfare?) from the USA and others, and now they are having energy blackouts throughout the country (?!). + +The country societal problems are rearing it's head - The ruling party restricting rights, and then the one child policy is beginning to show negative economic ramifications, in that, they have too much of an aging population. + +The ruling party are trying to fix all of their issues right now, with heavy debt restructuring revamping social programs. But right now it looks like China is being rocked with a lot of issues. + +China is eyeing expansion of power - making "friends" with the Taliban (and their $ trillion mineral wealth), African presence, war with Taiwan and seizure of Hong Kong. What will be the economic ramifications of those events to China, and to the world? Yet to be seen. + +Now, here is my question: + +Despite the above - **China is still an economic powerhouse on the world stage**. International **Investors need China to remain as such, as China is economically intertwined** with too many sectors in this world. + +I, personally, am still very bullish on China long term. But since it appears, that China is, honestly, under economic upheaval. + +Should someone who admires China's economic performance; + +Buy the dip now (while much of the equities are priced low) + +or + +does an intelligent assessment demand waiting until long term (1 year-ish) + +orshould one just avoid China as an investment as much as possible for as long as possible (at least until the dust settles with Hong Kong and Taiwan)? +Imagine scrounging Millions off of hard working people sending money for basic sustenance and living. + +&#x200B; + +[https://www.cnbc.com/2021/09/09/el-salvador-bitcoin-move-could-cost-western-union-400-million-a-year.html](https://www.cnbc.com/2021/09/09/el-salvador-bitcoin-move-could-cost-western-union-400-million-a-year.html) +https://thenextweb.com/shareables/2010/02/27/newsweek-1995-buy-books-newspapers-straight-intenet-uh/#.tnw_BbnoSs8J +http://www.newsweek.com/clifford-stoll-why-web-wont-be-nirvana-185306 + +"Hype alert: Why cyberspace isn’t, and will never be, nirvana" + +"Visionaries see a future of telecommuting workers, interactive libraries and multimedia classrooms. They speak of electronic town meetings and virtual communities. Commerce and business will shift from offices and malls to networks and modems. And the freedom of digital networks will make government more democratic.Baloney." + +"The truth in no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works." + +"Nicholas Negroponte, director of the MIT Media Lab, predicts that we’ll soon buy books and newspapers straight over the Intenet. Uh, sure." + +"Then there’s cyberbusiness. We’re promised instant catalog shopping–just point and click for great deals. We’ll order airline tickets over the network, make restaurant reservations and negotiate sales contracts. Stores will become obselete. So how come my local mall does more business in an afternoon than the entire Internet handles in a month?" + +... +... +... + + +This is something every critic of Ethereum should read. +What makes this so powerful is that Cliff Stoll was a hacker, astronomer, PhD researcher, system administrator at Lawrence Berkeley National Laboratory, and one of the earliest users of the Internet. If anyone could have augured (pun intended) the future of technology, it would have been someone like him. Yet, he was so wrong. This should give all the Ethereum-naysayer Bitcoiners who repeatedly and viciously deride Ethereum as "pure hype" and a "scam" a reason to pause. Even experts can't be so sure of where this technology is heading. +- Loads of exchanges are trying to get Fiat pairings (QASH, Binance, even some DEXs!) +- Adoption is just going up +- Everyone knows about Bitcoin now - It's now about making them use it +- Cryptocurrency isn't going anywhere, because projects like Stellar, Monero and VeChain are just too useful +- Everyone is rushing to get merchant adoption for crypto, see Coinbase, BitcoinPay and more +- Stores are beginning to accept it everywhere (just paid with BTC yesterday!) +- I'm repeating all my points but I don't care +- An absolute insane number of projects are going on with genuine development +- Math, Computer Science and cryptography students are putting in tons of new work every single day (has there ever been such a revolution??) + +The future is now!! +https://economictimes.indiatimes.com/industry/banking/finance/banking/urjit-patel-resigns-as-the-rbi-governor/articleshow/67026103.cms + +Expected yet unexpected. Interesting to see what happens to the markets tomorrow. Will be disappointed yet unsurprised if a pro-demonetization candidate is named governor. +Worst : + +Buying some stupid LIC policy. Paid sincerely every month for 10 years and after commissions got less money than I actually invested on maturity. + + + +Best : + +Just started. So nothing great has happened so far. So the best so far was investing a small amount in April. Extraordinary CAGR yet due to the small amount invested the profit is barely hundreds of rupees. +This article goes to the issue that's IMO been behind real estate here for two decades. Covid has turned the looming issue into an unfolding situation. + +[https://theconversation.com/when-houses-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back-144076](https://theconversation.com/when-houses-earn-more-than-jobs-how-we-lost-control-of-australian-house-prices-and-how-to-get-it-back-144076) + +(Edited to include link lol) +&#x200B; + +https://preview.redd.it/xqzexi23erq71.jpg?width=720&format=pjpg&auto=webp&s=e039e0f4c6cfde554091c7cd945f4ed44b3ee60a + +# + +# MOASS-a-Meter: No precise target, just up! + +Congratulations to today's winner - u/OneTrip7662 (verified with screenshot) + +Thank you to all the apes who have been spreading the word by tagging me and commenting everywhere asking to share account numbers. + +Since it has not definitively been proven that CS account numbers increase one by one (they could skip numbers in between) don’t assume that MOASS will happen on a specific account number. As the legend himself said “No precise target, just up!” + +&#x200B; + +\*\*\*\*\*\*\*\*\*\*\*\* + +**# of Shares/Account to Own the Float (67.5M): 176!!** (assumes sequential account numbering) + +\# of Accounts: 343K!!! (high score minus 40K) + +New Accounts (since last update): 24K + +**Disclaimer:** This is not financial advice (nor any advice at all). I’m also not asking you do to anything other than to do your own due diligence and decide for yourself. + +&#x200B; + +# What’s the MOASS-a-Meter and where can I find my account number? + +Read all about it [here](https://www.reddit.com/r/Superstonk/comments/pxn6kq/cs_moassameter_new_high_score_needed_928/). Then join the party and share your CS account number once you have it in this format (12X,XXX), along with the date of purchase/transfer. + +&#x200B; + +# READY FOR MORE CONFIRMATION BIAS??? + +Fidelity also uses sequential numbering for their DRS transfers. Credit u/BMWi8Driver. Apes tested it by transferring multiple times today. Sure as shit, the last 4 digits grow sequentially and u/BMWi8Driver was told the last 4 digits are the day’s count of transfer outs. + +&#x200B; + +**What does this mean?** + +It means around 2000 apes transferred out of Fidelity today. Caveat: Not all of them are GME. Apes tested by DRSing other stock to CS and it followed the same confirmation number sequence. BUT, Fidelity reps assume GME before apes even mention it, so presumably the vast majority of these transfers are for GME. + +This supports the daily increases in CS account numbers. If there are 2000 Fidelity transfers daily, and Fidelity is one of many brokerages (Vanguard, TDA, Ameritrade, IBKR, etc.) then the CS account numbers increasing by 10 - 20K daily makes sense! Doesn’t prove that CS account numbers increase one by one, but if it walks like a duck, talks like a duck… + +Theoretically, an ape could call Fidelity daily near the end of business hours, transfer 1 GME stock, and get a tally of that day’s transfers… wonder if any of the other brokers use a similar system for their confirmation numbers. + +&#x200B; + +&#x200B; + +# Other News: + +If you can’t find your CS account number because you don’t have any documents yet, but you have access to your CS account online, there’s a backdoor way to get your account number: Portfolio>GME>View Details>Actions>Transfer (credit u/OneTrip7662) + +Two apes have received account numbers that are 8 apart. Hmm... wrinkles needed please. + +Several apes, u/criand included, have commented that the float should be 67.5M (everything other than RCs shares) so I have updated that. But please remember - calculating average number of shares per account needed for the float has lots of assumptions. So for the third time: No precise target, just up! + +That’s all for now. + +Until next time, GMErica! + + +I will start by saying I know I'm not the worst off, there will be people in a worse position to me in this country and there are people far worse off in other countries. I understand as an average across the planet I am most likely far above the average. So don't think I want people to cry for me, that's not my intention. + + +It's just a bit shit, that my job isn't exactly pick up any guy off the street to do it work, it's fairly educated work (mechanical design engineer) using software that can take people a long time to learn and even longer to get to the level I and my colleagues are at. I feel like I just went into the wrong profession completely. When you hear of other jobs which are seemingly less or as skilled as yours earning double, triple etc, with better pensions (mine is essentially the bare minimum allowed by law), perks like car allowance etc. I get no perks. I just get my salary, no over time paid either. Nothing. Yeah I know I took the job with those conditions. However it's a problem of the industry I work in, so it's not like I can move to another job and get better perks, as it's just bad througout. Especially locally. + + +So I have to then think about moving career completely, but I'm almost 30 and feel it's too late to try and move into a higher paying field of work. Everything I did in life leading to this point was because I knew I wanted to create things, but in the end, when you do it 40 hours a week for year on year it becomes just as mundane as any other job. Kind of like how a professional poker player at one point loved playing poker for fun and it's now just a complete chore and something to pay the bills. + + +Just insane how much money there is on this planet and for the average person it's just not available to them. Makes me sick seeing people at work, do overtime for no reason, no pay increase - no over time pay. Then the director/owner pulls up in his £75k car from his £600k house. Why are people giving more time for free, if you are the boss of a company and you make your wealth known then why should anyone do anything for free for you? The whole salary/work system is an utter scam for the average person. + + +I once had a job where on the day I started, my boss told me it's expected we work at least 30 minutes of over time a day, unpaid. The owner of that company had it handed to him through no merit, just that he came out of his dads balls yet turns up to work every day in a top of the range Range Rover, rubbing it on our faces while we do his 'expected overtime' for no extra pay. It blows my mind people just accept this, you're putting in effort for no return so someone else can get rich. Some company owners/directors earn what they have got, no doubt about it but for fucks sake, I wish some of them would pay back more to their staff than they do. + + +The worst thing is, it's somehow drilled into peoples minds that you're a worse employee for not working as much free overtime as they do. No mate, you're just a complete and utter mug and you have been brain washed into thinking it's acceptable to be treated like that. I will work overtime if the company is essentially depending on it for a job I am working on. If it's crucial we hit a deadline and I haven't got the work done. + + +I am guessing some people here will completely disagree with me, I suspect I will get some abuse, called lazy etc but this is my opinion, this is how I feel and I need a better argument to convince me I am wrong than being called lazy. All other animals spend most of their lives sleeping, humans are the only species that spend more time working than sleeping. What the hell do we do it for, so we can scrape by each month while big companies take us all for a ride and come up with new ways to take that hard earned money off us? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I was introduced to FIRE via Mr. Money Mustache as soon as I started my working career at 22, making $32,000 BUT blessed with no student loans. At the precipice of this change from college to career, I felt such doom for what lay ahead. My biggest concern was the lack time off for the years and decades to come. Learning that two weeks of PTO (vacation AND sick) were going to be the parameters in which I could explore the world, connect with family, and recover from illness was depressing to say the least. Really, I think it was this fact alone that made FIRE speak to me so strongly. And so I started to save. As much as I could stand. During this time, FIRE hit the mainstream media and many articles rebuked the movement. I read several encouraging people in their twenties to travel, make memories, and not to worry about a retirement that may never come. Well, like I said, I only had two weeks of vacation, so travel was limited whether I had money or not. Still, over the years I got to visit some pretty cool places-Japan, Iceland, Alaska. I wasn't crazy frugal. I went out to eat plenty and allowed occasional indulgences. Overall, I was just very mindful of how I spent my money. I truly considered each and every purchase. Carefully. Really, savings became automatic. First, by maxing out my IRA. When I got a new job making a little more money, I added maxing out the HSA. And now, at 28, maxing out a 457 in addition to that. For my entire working life, I have had no idea what it's like to live off my actual salary, because I have always saved a relatively large percent of it. I have a decent chunk of change now, and combined with my partner, we hope to have over half a million invested in retirement in the next few years. + +But we are nearing the precipice of another change: babies. Like when I was 22, I look out at what's ahead with doom. Not the part where I get to raise and love my children. The part where I get a mere 12 weeks of parental leave (and, I have the audacity to use the adjective 'mere' here-because for many people in the USA, this is great. But compared to the world.....), my husband gets six, and then we both return back to working 40 hours a week while paying $2000 a month in child care cost. Per child. And what about providing for my children? Of course, I see great value in frugality. But I also see great value in highly nutritious organic food, family vacations, and activities for the children. I simply don't see a future in which I can continue to save the same amount for FIRE and have the life I want with my children. For the past year, this has depressed me greatly. The one goal I thought I had, I felt like I was going to fail. + +But wait. Does it have to be this way? We could very realistically have half a million invested at the time of our first child's birth in three to four years. Half a million at age 32, compounded over 30 years, with additional contributions of just $150 a month, will result in 3 million saved at retirement. Aha. Coast FIRE. Maybe we don't need to work full time. Maybe I don't need to continue saving at the same rate. + +I thought I was saving for freedom. Instead, I was saving for options. + +Mr Money Mustache's case today today further highlighted the conclusion I have come to: + +"On top of that, I’m a big fan of the idea of **preparing for parenthood** in advance, if you are young enough to have this luxury. In other words, do the 12-hour days and buckling down and hardcore saving in your 20s as a [gift to your future self](https://www.mrmoneymustache.com/2014/11/11/are-you-giving-the-shaft-to-your-future-self/). That way, when you start a family around 30, both parents can afford to work part-time and share the burden of the real hard work: babies." + +It really has been an immense privilege and luxury to save such a healthy amount and live a life I'm completely satisfied by. I am grateful to have been born into a MCOL region. I am grateful to have been with the same partner this whole time who has similar financial values as me. I am grateful we both graduated from college with no debt. I am grateful our public sector jobs pay relatively well here, compared to the horrendous salaries I hear in other parts of the country. I honestly can't imagine having children without these kinds of savings. I am grateful but I am also mad. It doesn't have to be this way. The stress parents are under in this country is wrong and disproportionately affects low income workers. Politically, I hope we can start to value parents, parenting, and children in the USA ASAP. I honestly think if we had less savings, I would consider going without children, even though it is one of my greatest desires. +Currently have a smallish position in VZ that's I have a 1% unrealized loss on. I'm thinking about moving the funds from VZ to MMM as I believe consumer goods/durables are pretty beaten down right now. VZ has a 4.74% div yield right now and MMM has a 4.01% yield. So slightly lower but I think there might be better growth in MMM. I would like to hear your thoughts. +Right now I have COST, MSFT, NVDA, VTI, TGT, AAPL, SCHG, SCHD, O, AFL. I feel like i’m missing some energy, banks, what else? any recommendations that I can do some DD on? +I'm trying to set up a plan adding $250 into my dividend portfolio every week which on paper is easily doable but in practice I don't know. But how much do you guys add to your portfolios every week or month? +Ive heard from some they lost more this year than previous years and this year has been harder to adapt to the market. As a newbie im thinking multiple factors came into play covid,fed interest hikes among others…thoughts? +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! + +Seeing #darkpoolabuse trending on social media is extremely positive. Why? Because it’s creating awareness and that is their greatest fear. They have spent decades rigging a financial system that is shadier than a cloud on an overcast day. + +Every day more light is shed on their illegal practices and every day they are running out of paths to take. They are running out of ammo, fast. The basic advice remains the same: Buy and Hodl +Taking the plunge, I have a personal assistant starting in January. She's going to help run the house and help out with my commercial real estate business (weekly/monthly bookkeeping, tenant emergencies, etc). 30 hrs/wk. I've been struggling to manage both the business and home life as a single dad, so it was either get someone to help or step back from the real estate and accept being RE stay-at-home dad, which I'm not quite ready to do. + +Posting to see if anyone has tips/suggestions on how they operate their house with a PA, what works what doesn't? Do you give them a separate credit card, or segregate a household operations checking account? I was thinking to manage everything through google sheets - to do lists, any type of list, house "operations manual", etc. + +We don't have a big house, so they'll be a staff of one, with the idea being that they outsource more of the "hands on" work to become more of a true household manager as the role (and finances) grow. + +I need to get payroll set up and talk with insurance about "all the things" (including harrassment rider etc just to be safe), I'm familiar with that from the business side, I'm more wondering what did and didn't work in your house? TIA +Hey guys, + +I'm keeping a very detailed trading journal and thought I'd share the mistakes that cost me the most money; some of them not only ate my profits of the day but singlehandedly pushed me into the red for the week. I had the opportunity to cap them all at my max risk/trade, yet I let emotions get the better of me. Maybe you can identify with a few of these and better your own trading by reminding yourself to respect a few simple rules. If you find yourself violating one of these, punish yourself by stepping away for the day; consequences have to hurt or you'll never enforce the rule. + +I'm scalping so these mistakes are based on trades relying on TA on the 1-minute & 5-minute chart. + +* Averaging down trying to salvage a losing position, thus making the loss exponentially larger (my biggest offender). Only add to winners, never to losers. To prevent myself from following this instinct, I made the rule that I can only buy dips when my slate is clean. +* Chasing breakouts instead of waiting for a significant dip; FOMO. When a stock is running without you, don't chase it but instead wait for a dip entry (ideally close to half/whole dollar support). +* Swinging for the fences when the chart is already extended af - take small wins and don't wait for trades to fully resolve (they'll likely dip the longer it takes) +* Not triggering my SL quick enough and then immediately entering a hope trade situation often combined with averaging down +* Tendency to be more afraid of realising a loss early in the day when I don't have a cushion yet --> can lead to real dumpster fires. +* Selling on the Ask in a precarious situation --> just sell on the Bid +* When a stock repeatedly tests the same level of resistance and you can sell for a profit, do it because it's unlikely that it'll break when it didn't before. Probably just a double/triple top. +* Unwillingness to sell for a few cents loss. Waiting desperately for breakeven or a small profit, thus risking a much larger loss. +* Buying highs on the 1-minute chart during a consolidation pattern on the 5-minute chart --> buy the dips and sell for small profits instead. Wait for breakout confirmation. +* Holding through consolidation during a downtrend on the 5-minute chart --> sell, it's more likely to drop further; hold through consolidation during an uptrend. +* Buying for a breakout on a shit setup on both the 1-minute and 5-minute chart (extended, following a doji etc.). +* Don't buy dips/short in the middle of nowhere. Always have a reasonble setup before you take a trade; i.e. close half/whole dollar support (long position) or close half/whole dollar resistance (short) or double tops/bottoms. +* Don't immediately trade after the bell rings unless there's a clear signal as to where the stock is headed. Automatic orders triggering in the first minute can cause an unpredictable drop that can lead to panic sells and even a circuit breaker halt going down. Yes, you could potentially miss out on large profits, but that doesn't justify the risk of taking exponentially larger losses. +Current assets: $10,041M + +Current assets + potential gvt loans: $15,041M + +Current liabilities: $16,395M + +**Current equity (incl. gvt loans) = -$1,354M** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Cash burn for 3rd quarter as estimated by UNITED: $2,430M - 3,870M + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Long-term assets - long-term liabilities: $2,735M + +**Long-term assets - long-term liabilities - potential gvt loans = -$2,265M** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**WHAT AM I MISSING? Aren't they completely done?** + +(By the way, American and Delta are in similarly bad shape) +> The transaction contemplated herein is for an ultimate sale and purchase of the said Unit and no form of service is hereby contemplated and the parties agree that neither is the Purchaser a Consumer nor the Owner a Service Provider under the Consumer Protection Act. + +Is this normal that promoters get this signed by buyers to avoid Consumer Protection Act? +I hope this is not considered too off topic, didn't know anywhere else I could ask! + +Little background: when I(27M, Italian) finished shool at 19 I decided I never wanted to open a single book in my life. At 23 I understood that it was a very big error, so I started university at 24. I'm now shy of 6 exams to get a bachelor's degree in Business Management. It's a fairly average univeristy/course, not easy not hard. In fact, around the time lockdown came (March 2020 here in Italy) I wasn't very satisfied with what I was learning, so I started exploring other subjects on my own, like IT and programming. + +This led me to land a very decent job even before graduating. I am happy with it, but I'm starting to feel I want to know more, I want to study more, I want to understand more and do it in some meaningful day, that can help other people some day. + +In my current situation I work 40hrs, I study about 4-5hrs for university and roughly read books for about 4-5hrs too (per week). When doing stuff like cleaning the house I listen to podcasts. + +The thing is that I'm starting to feel the need for more structure, because I'm only acquiring notionism and not much else. + +**I want to find a way to study more, and better,** and still be able to afford to live somehow. + +My question is: is there any hope for me in the next 2-3 years to leave my job and be paid for studying anywhere in EU? Maybe some kind of program somewhere I'll be able to apply after graduating? (I speak English and Italian btw) + +My main topics of intrest are everything regarding IT, Economics and Psychology and expecially subjects that connect the dots between them. + +Currently my savings are 10k euros and I manage to save about 500 per month. I have no family to back me up, totally on my own. + +Any insight is appreciated, thank you! +Just curious. ‏‏‎ I own 225 shares of WKHS @ 17.86, but so far I've reduced the cost basis to $14.60 through covered calls. It would be sweet to reduce the cost basis to $0 and I'm just wondering if anyone on this sub has achieved that. +Hello all, +I recently stumbled across a 5 unit multifamily (a duplex and a triplex on the same parcel) and I'm trying to figure out how I can get financing for it. + +I can pay 20-25% down (maybe 30% but that would be pushing it) but the house is only listed for $150k. It seems like most lenders want bigger loans and I can't find much in this range. + +Any ideas? + +Thanks! +I've been using a CPA to file my taxes for me thinking it's easier, what with rentals, depreciation, etc. But does anyone do their own? How tedious is it? Before I got into real estate I did my own on taxACT. +In the past year US market outperformed (by far) pretty much everything else, including the Japanese Nikkei, the Korean KOSPI, and the EU (DAX, etc). + +Comparing, for example, NASDAQ vs. KOSPI performance year-to-day the former is up 25% while the latter is actually down 0.5%. + +S&P500 vs. DAX - the former is up 27%, the latter is up only 5%. + +S&P500 vs. Nikkei225 - 27% vs. 5%. + +It may be partially explained by higher inflation in the US, but that can't be all. There must be other factors. Ideas? + +As a side note, KOSPI is down while everything else is at least somewhat up, so what's wrong with the Korean market? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /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/wsNDGTf5QH). +Where is the shareholder value? It makes no money to buy back shares? It does not increase net income to increase eps. It has no profits to pay a dividend? This is a stock that should be bouncing all over the place and or acting like Groupon? Is this the biggest stock bubble ever created or am I missing something? Like, if any reasonable company did what Amazon does it would highly volatile and or paralleling groupons returns. +Hello, guys. + +To begin with, I am a Korean living in Korea - South, not North. Been working as systems engineer for more than 20 years, and managed to save 2M in USD, including home and real estates. Living with wife and son, who is in high school. + +My question is, do you guys think I can retire? Here's my financial data. + +Home (a flat in Seoul) : 0.7M +A tiny commercial building : 0.9M (this yields 40K in yearly rent) +Cash : 0.6M (mostly in public bonds... the intrest is as low as 1.8%, dogonit) +Derivatives : 30K (unlike many of you, I do admit I am a horrible investor, so Imkeep this at minimum) +Stashed fund for my son's college education : 200K (should be enough, unless he goes to Havard.) + +I make about 120K yearly in pay, 40K in rent, and almost nothing in dividend or interest. + +I spend about 50K yearly. The spending will decline down to 35K when I retire, for I plan to use the stashed fund for my son's education. + +I have no other pension than Korea's National Pension (12K for me, another 12K for my wife) which would be available when we're 65 years old. + +I have no debt. + +Can I retire now ? If I do, how should I change my portfolio ? + +Any comment would be welcome. + + + + + +Okay everyone this is my first DD but don’t go easy on me. If it sucks, let the truth be known, but at the very least give it some upvotes so it has a chance! I’m gonna keep this as concise as possible because I think it’s important that this info goes down easy. + +I seek to answer the most important question of this whole saga: **How many shares are there?** + +Yesterday we got two very juicy statistics: + +&#x200B; + +https://preview.redd.it/vh87a6xnx3o81.png?width=1082&format=png&auto=webp&s=ccc7e596a2f5c094f209dbcaf7a9c695e5e546e7 + +\# DRS shares on Jan 29, 2022 - **8,900,000** + +\# of DRS shareholders on March 11 - **125,543** + +&#x200B; + +Why are these numbers so important? Well because they’re true… This tiny slice of truth, combined with months of modeling data for estimates lets us attempt to figure out some pretty cool shit I think. I dunno, you tell me. + +This post by u/Get-It-Got from 13 days ago ([https://www.reddit.com/r/Superstonk/comments/t78n39/fresh\_google\_consumer\_surveying\_suggests\_830mm/](https://www.reddit.com/r/Superstonk/comments/t78n39/fresh_google_consumer_surveying_suggests_830mm/)) is based on a google survey of 500 random adults across the US regarding GME share ownership. Now before you ask, YES a sample of 500 is large enough, and can draw conclusions with a 4.5% margin for error as shown in the chart below from this website ([https://www.sciencebuddies.org/science-fair-projects/references/sample-size-surveys](https://www.sciencebuddies.org/science-fair-projects/references/sample-size-surveys) ): + +&#x200B; + +https://preview.redd.it/5z9hto5px3o81.png?width=821&format=png&auto=webp&s=3e978f8c11f8845e607aabdd5e028595277041a7 + +Here is the survey data: + +&#x200B; + +https://preview.redd.it/trt0cemqx3o81.png?width=824&format=png&auto=webp&s=e119d97a771c428c77fd4397661f531813a2e715 + +And OP's data summary: + +&#x200B; + +https://preview.redd.it/5psizhssx3o81.png?width=620&format=png&auto=webp&s=f1218efdb0fb246d7f3561ff9e3ce4ec9b0f5ff5 + +The OP estimated that there are approximately 8,777,000 individual share-holders of GME in the US. But let’s chop that 4.5% margin for error off to be even more conservative than they already were - arriving at **8,382,035 individual shareholders in the US**. That means currently there are only **125,543 / 8,382,035 \*100 = only 1.5% of GME shareholders in the US DRS'd**. In fact it’s probably less because international apes can DRS. + +Now, since this genius wrinkle ape [/u/jonpro03](https://www.reddit.com/u/jonpro03/) picked up some crayons and literally predicted the DRS value in earnings, I used their data to obtain the number of DRSd shares on March 11, and divided that sucker by the estimated % of American shareholders DRSd to get the total # shares in the US : + +&#x200B; + +https://preview.redd.it/2evocheux3o81.png?width=1581&format=png&auto=webp&s=8bc20d8cbb656672549ea2a5dccb7214ef3c0abc + +**9,860,500 / 0.015 = 657,366,666.66** (repeating of courth) + +Once again there appears to be well… **too many shares KENNETHHH…** + +But one last thing…We need to verify that the distribution for # of shares per holder is the same between DRS holders and the surveyed population. Afterall, how do we know we haven’t just had all the xxx, xxxx, and xxxxx people DRS and skew the data? Well using the latest DRS bot data and the survey data, we can compare the sample population percentages of 3 common categories: x, xx, xxx< + +&#x200B; + +https://preview.redd.it/4p6kqbrvx3o81.png?width=499&format=png&auto=webp&s=a793d91a703ce45c29d03ab7fcbb1dfba1ab9db7 + +https://preview.redd.it/sx4cfcrvx3o81.png?width=746&format=png&auto=webp&s=2c90560201a98a6e687981b937f2a44f214642b5 + +Encouragingly, it seems the proportion of xxx< hodlers in DRS is slightly less. However, xx shareholders could be disproportionately contributing to the bot, and consequently could be disproportionately increasing the DRS numbers. But how much? To estimate the potential effect of this, we look at an ideal case where the 125,543 registered shareholders match the survey distribution. Assuming the xx holders have an average of 50 shares, and they are 24% of the population, they would possess 1,506,516 shares or 15% of the DRSd shares. In the actual case, with the same math applied previously, they would have 3,013,032 shares or 31% of the shares. Now I don't do mafs gud, but I think that means **our estimation could be 15% too high because of more xx holders in DRS** (and that does not account for the x and xxx hodlers that are gained in the ideal case because I’m too lazy to do the math and it doesn't work against us so why would I?). + +So with that taken into account we are looking at: 657,366,666 \* (1 - 0.15) = **558,761,666 shares** + +Now I know this isn’t perfect but tell me something I’m missing that will skew this information enough to disprove the naked short thesis…One thing that would really put the nail in the coffin on this is if we crowdfund a survey with a sample size of 10000 people and got more precise distribution data between the BOT and survey… But still… I feel like this is getting to the point where it’s **statistically impossible** for there to only be 79 million shares... And since as soon as there are more shares than issued shit gets ILLEGAL, should we not be sending this kind of information to the DOJ? And more so, if only 1.5% of holders are DRS'd **we should be showing this information to fucking everyone**... **We know the shares are out there to lock the float, but its clear we are missing a vast amount of the shareholder base.** + +&#x200B; + +\--------------------------------------------------------------------------------------------------------------------------------------- + +Edit: The major criticism I've seen so far is that the google survey population may skew the data because people that respond to surveys share a property that could make them predisposed to owning stock. I think if we funded a better survey (maybe 10000 people?) we can make a pretty accurate prediction of the number of shares. I had someone message me saying if we can account for the predisposition by including a question that asks if people own stock, and compare that to the US average for stock ownership. If anyone is interested in getting a better survey together send me a message and if it seems like we can get a plan together maybe see what the mods think about raising funds. + +&#x200B; + +Edit 2: This survey I made on SurveyMonkey is 5025.00 USD for 5000 correspondents (seems to be the max). There are 3 questions, one to find out how many of them are stock holders to compare against US averages, also a question to find out how often they fill out surveys, and see if there is a correlation between people that complete surveys and how many GME shares they own. (the grey questions are just grey because of the interface). I made the shareholder brackets correspond to the DRS bot so I can compare more directly and use it's averaging data. I split the xx category so we can gain insight as it stood out in my DD. + +&#x200B; + +https://preview.redd.it/rophssiwd6o81.png?width=520&format=png&auto=webp&s=c2f84774b7ab97f53df2394d67f6e78cdd268a8b + +&#x200B; + +Here is the demographic info. I'm pretty sure Survey Monkey includes the ages/incomes/region/gender of every respondent in the results + +&#x200B; + +https://preview.redd.it/c4bvly28e6o81.png?width=435&format=png&auto=webp&s=17b317ea71ce51bdda179776fbc6bd3c716c1544 + +&#x200B; + +&#x200B; + + +My wife and I moved into our brand new home (literally brand new construction) at the end of February. Power company sent us our first bill (end of February through March) and it was almost $600! We both work long hours so we’re not home that often, don’t leave lights or appliances running, keep the heat low, and basically do everything we were taught to keep the bills low. Also our house is single level and not that large (about 1300 square feet). I have no idea how this is possible, the bill says we have used just over 3000 kWh in a month which also doesn’t make any sense. I’m planning on calling my power company tomorrow and trying to get some answer but any insight anyone has is appreciated. + +Update: we live on the Eastern Shore of Maryland (Salisbury Area)temps this time of year are usually 50s-low 70s. we have smart meter, electric heat, I have looked over our bill and do not see any extra fees or charges (transfer fee or deposit or anything like that) and I have tracked our energy use by the day and hour and saw that we have regular huge energy spikes (almost 10KwH) over night from 10pm-5am ish. + +*update 2.0*: talked with power co, turns out our heat pump is most likely switch over to auxiliary/emergency over night when the temp dropped below freezing. This does Explains the high spikes over night. Reached out to builder to get HVAC and electric guys out to look over everything. + +Thanks for all the advice everyone. Didnt expect this post to blow up or to get to talk to so many awesome folks. +Hello fellow GameStop investors. I didn't want to have to make this post because I am a really lazy person and was hoping someone else would have figured it out by now. And before you get upset, **the form the DTC distributed to brokers about the GameStop Stock Split via Dividend was indeed incorrect**, but not because they used FC 02 (stock split), rather than FC 06 (stock dividend). + +Let me give you the ta:dr; at the top and you can read the rest of the post for supporting information: + +**FC 02 is correct** + +**Processed As "Stock Split" is incorrect. Processed As should be "Stock Dividend"** + +Ok, now that we have that out of the way, let's move on. + +**Important Splividend Dates:** + +|Ex-Date|Record Date| +|:-|:-| +|July 22, 2022|July 18, 2022| + +According to the DTC, the Ex-Date is considered "irregular" because it is "not one business day prior to the record date." (See image below) + +[DTC's Definition of \\"Irregular Ex-Date\\"](https://preview.redd.it/05iihowfl4g91.png?width=645&format=png&auto=webp&s=a776bc0aa4cd1c1c02b3fec5f49d3bece3432a92) + +(Source: Page 29 on the DTC's "Distributions Service Guide" found here: [https://www.dtcc.com/\~/media/Files/Downloads/legal/service-guides/Service-Guide-Distributions.pdf](https://www.dtcc.com/~/media/Files/Downloads/legal/service-guides/Service-Guide-Distributions.pdf)) + +Now here's where it gets interesting. I found a memo on the DTC's site while reading about stock splits effected as dividends: + + **Subject: Stock Splits – Processed As Announced in the Marketplace** + +Here are the relevant sections of the memo (you can read the entire memo in the link below): + +[Stock dividend events with irregular ex-dates are announced as a Stock Split \(FC 02\)](https://preview.redd.it/tqbqvnlzu4g91.png?width=704&format=png&auto=webp&s=014f58e8c0f8b2e55c9246869d0a35c48ae7ce49) + +[Processing Event Code, aka \\"Processed As Indicator\\"](https://preview.redd.it/inj8sw71p4g91.png?width=706&format=png&auto=webp&s=12e2dc95b614d43f2724c1d0992fdb30470d4f7b) + +As you can see, stock dividend events with irregular ex-dates (such as the GameStop 4-for-1 Stock Split via Dividend) are given Function Code 02 (FC 02). The memo goes on to explain that comments should be added to the notice to indicate that the event is actually a stock dividend. This comment is to be added to a field called the "Processed As Indicator" in the CCF file that is distributed to brokers. + +(Source: DTC Memo: [https://www.dtcc.com/-/media/Files/pdf/2013/3/22/0424-13.pdf](https://www.dtcc.com/-/media/Files/pdf/2013/3/22/0424-13.pdf)) + +The document provided by DnB ([original post here](https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc_form_for_gme_splividend_from_dnb/)) is a printout from the DTCC's web portal that provides an interface to view the original CCF file (in this case a DIVANN file). + +Below is the first page of the document with annotations for the relevant sections discussed above: + +[Page 1 of DTC Record Detail for the GameStop Stock Split via Dividend \(from DnB\)](https://preview.redd.it/s6ng3r29t4g91.png?width=791&format=png&auto=webp&s=33875a84442e9021afd3ba739408459bfb80c375) + +As you can see, the function code is correct (FC 02), but the Processed As field is incorrect. Processed As should have been "Stock Dividend," instead of "Stock Split." + +**The DTC submitted the DIVANN file to brokers with incorrect information as to how they should handle the Stock Split via Dividend.** + +If anyone has information that is contrary or supplementary to what I've posted, please let us all know in the comment section. I am just trying to provide relevant information that I found while I was trying to understand the differences between "stock splits" and "stock splits effected as dividends." +I’m really worried about my brother. He’s very young, and is terrible with finances. He went to uni and got into trouble with payday loans. He made a joke that he’s got four banks coming after him, presumably for overdrafts. + +I really want to help him. I recommend StepChange, but I think he might put off speaking to them due to depression and/or shame. + +What practical advice can I give him directly? I’m not looking for things like ‘spend less, have a budget’, but instead things that will reduce the debt available, maybe a way to stop interest from accruing. + +Thank you so much in advance. + +Edit: it has occurred to me that the bank letters might be for credit cards too. +I feel like being financially independent and build your own company is clearly linked. Is it common to achieve financial independence without do this ? +[https://www.newsweek.com/california-pay-off-all-past-due-rent-accrued-during-covid-giving-renters-clean-slate-1602556?amp=1&\_\_twitter\_impression=true](https://www.newsweek.com/california-pay-off-all-past-due-rent-accrued-during-covid-giving-renters-clean-slate-1602556?amp=1&__twitter_impression=true) + +&#x200B; + +Interesting headline- I hope this may help any CA landlords that have been screwed during COVID-19! +Every year it seems that there's article after article about Millennials and Gen Z graduating with massive amounts of debt and delaying their entry into the housing market, or not buying houses at all/continuously renting due to low paying jobs/college debt. As the baby boomers start to pass away, the housing supply would theoretically increase and if things continue the way they are for Millennials/Gen Z, the demand for purchasing houses would drop. Wouldn't this result in a massive decrease in price for future housing stock? +[https://www.newsweek.com/california-pay-off-all-past-due-rent-accrued-during-covid-giving-renters-clean-slate-1602556?amp=1&\_\_twitter\_impression=true](https://www.newsweek.com/california-pay-off-all-past-due-rent-accrued-during-covid-giving-renters-clean-slate-1602556?amp=1&__twitter_impression=true) + +&#x200B; + +Interesting headline- I hope this may help any CA landlords that have been screwed during COVID-19! +DAO hack, Poloniex going back on their word to just allow one time ETC withdrawal and deprecate the losing chain, support from Greg Maxwell and Barry Sillbert all of a sudden, infestation of subreddit by ETCers, ~75% of money pouring into ETC from Bitcoiners primarily, Bitfinex hack leading to Bitcoin dump knowing that money would flow to ETC now instead of ETH like it traditionally has prior to fork. There are too many strings that some are not attached. I can't be the only one seeing this. + +EDIT: Oh, and let's not forget Poloniex not allowing margin trading to allow short selling and creation of downward pressure on ETC. +My wife and I are considering buying in NYC. We currently rent in a perfectly fine but not especially nice apartment in Manhattan. Rent is $3100/month. We are only willing to move within Manhattan and generally would look for something in the $800k-$1.2MM range. + +The problem with owning is the monthly common charges. They average 1/3 to 1/2 our current rent. All of that is “wasted” expense. Property taxes are a mixed bag, but looking like another 1/3 to 1/2 our current rent (and because of the new Trump tax plan none of those property taxes are deductible). So, that leaves us almost fully replicating our current rent before we even start touching the mortgage. + +Now, obviously building equity is appealing but realistically that won’t start being material for 5 years minimum. We’d probably stay in NYC that long, but I’d be surprised if we stay more than 10. + +To me, it just never seems like the math works out. Am I missing something? +Hey all! I'm living in Korea and I've been advocating for $GME on my YouTube channel for the last 6 months or so. My channel caught the eye of one of the main financial news channels here and they had me on for my second interview today, and one of the questions was about $GME. I'M HELPING TO BRING $GME TO ALL APES OF THE WORLD! + + +The interview is mostly in English, including this part. Here's the timestamped link to the $GME question if you want to check it out: + + +https://youtu.be/sXLV83NiqmA?t=689 +Recently I started a new career path and my pay has meat doubled. I'm making no life changes, but I'd like to knock away my debt. Scholastic, and medical mostly. I was planning on just paying off whatever shows up on my Credit Karma app, but I still am getting bills in the mail. Should I pay them as they come in, or even 100%? Is that an option? I want to maximize results as best as possible. Any advice at all is more than appreciated. Thanks. +Hey everyone. I am seeing some discussion that in order for the fed to get inflation under control, they would need to raise rates above the current inflation rate. Obliviously there is a huge gap between the inflation rate and current interest rates. + +Is there any truth to this? It doesn't sound right, but I have heard it mentioned several times by various talking heads and else where online. Thanks for the clarification. +The last few years in the market have been misleading indicators of the average individual investor's ability to pick stocks. Most investors (myself included) prove to be subpar at individual stock picking. Therefore, would most individual value investors do better by building a machine model, and then doing whatever the machine tells them without any human intervention (after the initial building phase)? +She and her husband helped a company get government bond business, and her daughter Karen Waters and son Edward Waters have profited from her connections. Waters replied that "They do their business and I do mine." Liberal watchdog group Citizens for Responsibility and Ethics in Washington named Waters to its list of corrupt members of Congress in its 2005, 2006, 2009 and 2011 reports. Citizens Against Government Waste named her the June 2009 Porker of the Month due to her intention to obtain an earmark for the Maxine Waters Employment Preparation Center. + +Waters came under investigation for ethics violations and was accused by a House panel of at least one ethics violation related to her efforts to help OneUnited Bank receive federal aid. Waters' husband is a stockholder and former director of OneUnited Bank and the bank's executives were major contributors to her campaigns. In September 2008, Waters arranged meetings between U.S. Treasury Department officials and OneUnited Bank, so that the bank could plead for federal cash. It had been heavily invested in Freddie Mac and Fannie Mae, and its capital was "all but wiped out" after the U.S. government took them over. The bank received $12 million in Troubled Asset Relief Program (TARP) money. The matter was investigated by the House Ethics Committee, which charged her with violations of the House's ethics rules in 2010. On September 21, 2012, the House Ethics Committee completed a report clearing Waters of all ethics charges after nearly three years of investigation. + +Obligatory: Buy if you can. Hodl. Vote if you can. Dance if you want. + +💎 ✋ 🐵 🚀 🌙 + +Edit 1: This is NOT a post to spew your political/thinly veiled racist agenda on. I'm only bringing to light things dealing with Maxine Waters and her involvement in our beloved stock ONLY! Leave your non-GME rhetoric out of it. This isn't the sub for it. I couldn't care less what her stances on anything else are because as we should know by now, both sides of the failed 2 party system don't give a fuck about us and are corrupt to the core. If you hate her for other reasons, fine, but don't bring that stupid divisive shit in here. THIS IS ABOUT MAXINE WATERS BEING A WOLF IN SHEEP'S CLOTHING WHEN IT COMES TO WALL ST REFORM AND GME. LEAVE THE OTHER SHIT OUT OF HERE. THANKS. Ape no fight Ape. +Ape TOGETHER 💪 + + +Edit 2: For everyone replying with some variation of "well no shit" or "I've known that forever" or "You're just now realizing that"....here's your gold star and a pat on the back! Now, why don't you take a minute to realize that every Ape is not on the same learning curve as you. Not everyone knows and might be just starting to realize that politicians who are mixed up in Wall St(most of them) don't give two shits about us. So why don't you do something "crazy" and look at it through the eyes of someone different than you. It's honestly gross how many so called "Apes" spit this divisive vitriol in a thread where we are supposed to be a community. Put your ego and goddamn pettiness aside for once. We are all eating from the same shit sandwich out here. Remember that. Please and thank you. Apes Together 💪! + 💎 ✋ 🐵 🚀 🌙 +Hi all. I’m quite bad with money so not really in a position to advise on how to be good with it, but I did want to share something re emergency fund planning. I am currently experiencing an emergency - the one we all plan for. I just wanted to stress: six months isn’t enough of a fund for a true emergency - six months passes very quickly, and you don’t have much headspace to sort finances when you’re in a real emergency. Try and get it up to a year at least. I regret not having more to fall back on. Anyways, enough of the doom and gloom, just thought it was worth sharing for those who like to plan! +http://www.collaborativefund.com/blog/the-psychology-of-money/ + +Stumbled upon this article I thought this sub would appreciate. I found myself nodding in agreement as I read, often highlighting quotes and passages to revisit later. + +It consolidates many concepts around investing, frugality, simple living and financial independence that as someone who only recently subscribed to this mindset wish I could have read 10 years ago. + +And yet, as I copied the link to share with some younger acquaintances, it also seems like the type of article a younger me would have just disregarded immediately. Such is the irony, youth being wasted on the young etc. + +😏 + + +In my 30s and done reasonably well for myself but I am sure there is an entire world to learn from and to avoid making same mistakes that others made. I am in my mid 30s and want to know what people in their 40s think are do's and don'ts when it comes to personal financial organization/planning. The advise could range from Risks ratio, Cash savings, insurance, personal/family budgeting, or anything related to financial well being that people in their 40s think made a huge difference to(both positive or negative). Open for people to add anything additionally. Let's make this thread the best thread for people in their 30s. + +Cheers + +I’m a MATIC user and investor but I’m definitely not biased. I’m always ready to invest in the next big thing and actually clown “fanboys” whenever I get the chance to do so. However I’ve been saying for the longest that Solana is indeed overhyped. + +A lot of the things in their infrastructure are flawed and they simply don’t deserve to be this overvalued compared to projects like MATIC that are in fact undervalued in my opinion especially with how fast and efficient they recently became. And still they acquired Hermez ZK rollup to increase their already fast speed. Yet I don’t see the same level of hype being thrown around compared to Solana, a project that literally went out of RAM and laid basically useless for 8 hours straight… +Submitted my DRS request on March 1. As of March 15, there have been ZERO updates despite multiple calls with E-Trade reps. For comparison, Fidelity took only 3-4 business days to DRS a handful of shares a few weeks ago. + +I just got off the phone with yet another E-Trade rep, and once again I was told that E-Trade could not provide ANY kind of timeline or estimate for when I can expect my DRS request to go through. I asked why, and all he could say was **"due to the overwhelming amount of similar requests related to the same security (GME), E-Trade processing times for those transactions have been delayed indefinitely.** We will notify you once more information is available." + +It was clear to me that this rep had this same conversation many times before talking to me, and was reading from a script specifically written for GME holders trying to DRS shares. There was a certain exasperation in his voice that was undeniable. + +**TL;DR - For those of you planning to DRS shares thru E-Trade, I suggest you transfer elsewhere before submitting the DRS request. Otherwise, E-Trade will be holding your shares hostage "indefinitely."** +Which has been more profitable for you, given your time commitment and personal risk tolerance? +Edit: Poll added RE investing sub +https://www.reddit.com/r/realestateinvesting/comments/qf2wu9/stocksoptions_vs_being_a_landlord_thanks_for/?utm_medium=android_app&utm_source=share + +[View Poll](https://www.reddit.com/poll/qejcev) +I don't have a lot of money in my current account at the moment. I started the day at £9.84 and that triggered me to go back and review my sending over the last couple of months. + +Doing that I noted a train ticket that I could claim Delay Repay on because it was cancelled. I also realised I'd bought some relatively inexpensive fitness equipment (<£50) that needed returning. And finally I realised how much more I'd spent on beer and food since lockdown easing, not a recoupable spend like the others, but a nice warning of the consequences of enjoying new found freedom too much. + +All in all this probably means £100 coming back to me in the short term, and hopefully a more careful evaluation of spend decisions in the coming months. + +And to explain the title I'm in the incredibly fortunate position to be earning a chunk above the median in the UK. My take home, after salary sacrifice and taxes, is c. £3K a month and yet when I was earning half my current gross as a graduate I was nowhere near as careful with money. I would travel for work and sometimes forget to even reclaim the expenses owed by my employer. + +Putting my money into savings account, our marriages joint account and paying myself a monthly allowance has the clear benefit of putting funds into savings straight away. Today was a positive reminder of the other benefit though, that I pay more attention to, and hopefully use more discretion on, my non-essential spend decisions, as a result of artificially limiting my means. + +I wanted to share in case this was useful for anyone else. I appreciate this is probably teaching my grandmother to suck eggs for many of the folks on this subreddit. It also isn't meant to come across preachy, and I'm from a family where I appreciate how fortunate I am, where parents and grandparents had to take this much care over their outgoings not because they wanted to save for the future, but because if they didn't they would be able to pay the gas bill. + +Long post so I'll stop. TLDR: Giving yourself less money makes you pay more attention to your spend. +Hey all, + +There's a house in my neighborhood that got struck by lightning and caught fire. 2nd floor is totally destroyed. 1st floor can be saved a bit .. but the house has no roof. + +Anyone buy a house like this and fixed it ? + +Anyone knows what's the cost of hauling debris if I get crew completely gut the house ? + +House is approx - 1200 sqft per floor . + +Thanks ! +Why is the market so bad today? It was also dropping toward the end of last week. I am just trying to understand the bigger picture. Is it because of the likely federal interest rate hike coming up? Other reasons? +So for example if the market is open today and then Europeans buy the stock and it goes up in price will the US stock market open up and reflect the price difference? Thanks for any support for this question! +I don't understand why for example the Vanguard S&P 500 ETFs (VUSA) traded on the Amsterdam exchange only appear to change in value during the Amsterdam trading hours, and not during the hours when the underlying stocks are traded on the American markets. Could someone explain this? + +&#x200B; + +As I understand it, the ETF is the weighted average of the \~500 underlying stocks, but that would mean that only changes in the value of those 500 stocks would result in changes in the value of the ETF, but apparently, I misunderstand something (and couldn't find an explanation on Google). +Hello, + +Markets are continuously rising and it seems we're in a bubble. I have some cash to invest, so I was wondering whether markets are overvalued and that I should wait, or should I invest right away. + +What I did to investigate this was to compare S&P 500 with M2 Money supply. My hypothesis is that the rise that we're seeing is because of the extra money supply. If that is the case, then the real question we should be asking is **whether market's rise has overshot the money supply.** + +From the data, it doesn't look like so. Take a look at the historical chart of S&500 / M2 money supply. + +[https://imgur.com/a/ctrbC4E](https://imgur.com/a/ctrbC4E) + +You can play with the [dataset here](https://docs.google.com/spreadsheets/d/18S9anxRQAD6-865Mrdj6Xyr5DiFifSbef2AlFselWQc/edit?usp=sharing). + +**From the data and the chart, it's clear that the markets may rise even further**. Reasons: + +* The ratio reached its peak during the 2000 bubble, and the current levels of the ratio are much below that (although they're reaching the 2008 levels) +* Since early 2020, M2 Money supply has roughly increased by 24% while S&P has increased by 15% + +It's also interesting to notice that CAGR of this ratio over last 40 years comes to be around 2% which is similar to the annual increase of US GDP. Another way to look at this is that, the 8% annual returns of S&P 500 over the last 40 years can be broken down into two parts: + +* 6% annual growth in money supply +* 2% annual growth in GDP + +So, in some sense market's real growth has been simply the GDP growth. + +What do you think about this analysis? + +PS: Sorry, the data isn't very cleanly formatted as I did it very quickly. +I'm a 30-year-old professor at an R1 university. My wife and I have around $2M net worth, including apartment (no mortgage). I have an undergraduate degree in computer science and I use my coding chops in my research, although I'm not a CS professor. But the tech compensation in this subreddit and on Levels.fyi has been blowing my mind, and I wonder whether I could be doing something more fun and lucrative if I went into tech. + +The other folks in my college CS thesis group are now senior / staff engineers at FAANG companies, making $400-600k. Meanwhile, I pull in $150k as an associate professor--if my career goes well that will probably max out at $350k or so, and if my career goes just OK that will probably max out ar $250k or so. But people are constantly talking about how tech is taking over the world, while a lot of universities are flailing, especially after Covid. As far as I can tell, I'd be equally good as either a software engineer or an academic. + +I'm struggling with whether to make a mid-career switch back to tech, and what the factors are that I should keep in mind. I'm somewhat guilty of the sunk cost fallacy, since I know if I go back to software engineering I'll have to start back at zero. But I have some friends who've made switches to software engineering (with no CS background, e.g. they went from consulting or law), and they seem pretty happy with their lives (although I haven't directly asked for their advice). But I have no idea whether we're in another tech bubble right now, either. + +On intangibles, I enjoy my job as a professor; but I enjoy software engineering too, so in terms of job satisfaction it's basically a wash. There are things about being a professor that are kind of annoying (committees, grading), but probably less than average compared to other jobs. I really liked living in the Bay Area when I interned there during college; downside is that it's waaaaaay more expensive than where I would live as a professor. But there, too, software engineering seems much more flexible geographically than being a professor, where I'm basically at the mercy of the lateral job market now. + +So my questions are: are my views about tech company compensation realistic? Would it be possible for me to make the switch back now? (I got FAANG offers when I was a college senior but don't know how hard it would be at this point.) Is software engineering not as fun and awesome as I make it out to be? Being a professor offers a LOT of job flexibility, and I imagine I'd be giving some of that up if I went into tech.  + +To be clear, my academic job is awesome and I'm grateful to have it. And my wife and I are in good shape financially and I think I'd be happy in either job. But I want to make sure I'm considering all my options and not falling prey to inertia. + +Thanks for reading and for your comments! +~1300 more points, around 7% and we will have officially taken the title of worst monthly decline in American history since September of 1931 during The Great Depression. + +Hope everyone bought stock in $ROPE. +The controversial top post about El Salvador's OP claims that he wants crypto to succeed, + +But if you go into his profile linked in that post, you can see that he is wishing for Bitcoin to go to 1K. Lmao + +https://nitter.net/samsungsv19/status/1446184849971236876?s=20 + +This guy literally wants crypto to burn, but yall are celebrating him because he is putting out "unbiased perspectives". Lmao + +https://nitter.net/samsungsv19/status/1446144675736399881#m + +Nobody who wants crypto to succeed will wish for 1K BTC and RT known fudsters. Its hilarious people even fall for this. + + +The OP follows and RTs stuff like this + +https://nitter.net/Quinnvestments/status/1446262224520105987?s=20 + + +This quinn investment guy is a known fraudster who cooks up conspiracy theories, just have a look at his profile lol. + + +Bullshit that has already been denied, like Tether holding Evergrande.. +Infact this nonsense claims 78% of Tether reserves are Evergrande, which is total lies. + +And that OP RT's nonsense like this, wishing for crypto to burn, but you all are assuming he is posting his "unbiased opinion" on bitcoin law. Lol + + +Edit: + +Some comments are pointing out that I havent deboonked what that OP has said. I did actualyl debunk him last month, but then realised he isnt having honest debates but is just putting out propaganda. Given that he isnt acting in good faith, and is a buttcoiner, kinda pointless for me to debunk moreover, he is clearly lying that he wants to see crypto succeed, and instead has a very biased agenda. He is not debating in good faith. If you check his profile, he had posted that BTC would be a failure even before the roll out. Literally, before the plan was implemented and went live, he claimed it would be a failure. Anyone really expect this guy to be unbaised at this point? + +Coming to the protests, yes there are protests, but the protests are to do with politics rather than bitcoin. You will find one or two guys carrying an anti-bitcoin banner in the entire protest. Most of the protests are purely due to political reasons, that have nothing to do with Bitcoin. All those pictures he has posted as proof are all from protests shared on twitter, they have nothing to do with bitcoin except that fact that Bitcoin is implemented by the president, against whom all the protests are targeted. + +That guy claims Bitcoin rollout is "not going well". + +Stats from Google app store and IOS app store prove him wrong. + +The Chivo wallet is still #2 on ios app store, ahead of most viral apps like FB/ Whatsapp/Twitter/TikTok etc + +https://www.similarweb.com/apps/top/apple/store-rank/sv/all/ + + +And on Android play store, the wallet is the #1 app too.. + +https://www.similarweb.com/apps/top/google/store-rank/sv/all + +The Chivo app is pretty much TOP on both app stores. Quite some failure huh! Definitely not doing well... + +Just because there have been some issues during rollout doesnt mean its a failure or its not going well. Many mass implementation programs have problems initially, infact even the US covid stimmy checks took a while to arrive and there was implementation delays. Later, [WaPo reported that over 1 M checks went out to dead people](https://www.washingtonpost.com/us-policy/2020/06/25/irs-stimulus-checks-dead-people-gao/). Was that a failure too? + +Now lets look at some real stories that are success: + +Over 3 million users have downloaded the wallet. + +[More users in El Salvador are now using Chivo / have a bitcoin wallet than they have traditional bank accounts.](https://www.forbes.com/sites/theapothecary/2021/10/07/in-el-salvador-more-people-have-bitcoin-wallets-than-traditional-bank-accounts/?sh=7ac1bb5020b5) - This alone is a massive win, in a country where huge amounts of people are unbanked, they have now instantly been given access to the world's most open and fair financial network. + + Already, Brazil is considering following El Salvador adopting Bitcoin as well. + + +A country implementing BTC is not a race to the finish, it is a long term program. OP knows that too, but since he is a biased propagandist, he wants to put out hit pieces on a monthly basis + +That guy is just grinding his grudge against the president who he clearly hates, and using this sub as an outlet to air his political hit posts. +$SPE has a team of professionals with both the necessary know-how (**multiple PhDs and MBAs on the team**) as well as the requisite real world connections to be able to establish meaningful partnerships with officials and organizations. SavePlanetEarth is a registered company in the UK (**COMPANY NO. 13327811**). With your help we will be able to achieve all of our goals together, setting up our future environmentally and of course financially. + +$SPE isn't limited to planting trees, they are also in talks with organisations about helping marine life and cleaning our beaches, the current primary focus is hitting their goal of 1 billion trees, but they will be branching into all areas of sustainability, including renewable energy and solar power. + +To date they have **planted 15,300 trees**, and have **1,000,000 contracted** with the Maldives. They're also in talks to get 100,000,000 contracted elsewhere. Not to mention they were listed on CoinTiger today, Hotbit will be listing them soon, and Bitmart will be listing them some point this month. On top of that, the founder has an interview with the Coin Telegraph coming up. Here is the most recent AMA with the founder (Imran Ali): [https://www.youtube.com/watch?v=08XxrelTWg8&ab\_channel=SavePlanetEarth](https://www.youtube.com/watch?v=08XxrelTWg8&ab_channel=SavePlanetEarth) + +$SPE is capturing and storing Carbon for our "Certified CO2 Reductions" (CCR) Vault. We will then make these CCR's available to CO2 emitters such as large organisations, so they can become CO2 negative and help the world in the fight against Global Warming. + +$SPE has passed **70k holders** in their first **34 days**. + +\#SavePlanetEarth's vision has 3 big stages +**1**. Become Carbon negative ourselves +**2**. Cancel out all #Cryptocurrencies Carbon footprint +**3**. Help humanity become completely carbon negative! + +As of today, you can buy SPE directly from their website, and the app is in beta and will be released soon! +I am deeply disappointed because the Pelosi posts on the front-page have over 100+ reports asking for us to take them down. + +1. **These posts aren't breaking any rules, they're talking about corrupt money** which is [exactly why crypto exists](https://www.investopedia.com/news/what-genesis-block-bitcoin-terms/). If you are here simply to get rich and to have some sort of curated safe space then you're going to be disappointed. + +2. **We are not a political subreddit** so please take petty democratic/republican infighting elsewhere. *We are not going to censor corrupt-money type posts about the USA or China just because you support a political party*. Period. + +3. **This subreddit is a *PRO-CRYPTO* and *PRO-SPEECH* subreddit**. As a general rule we don't censor opinions in this subreddit, unlike /r/bitcoin /r/politics /r/technology so if you never want your opinions or thoughts challenged then seek out another subreddit. Unless you're fighting, threatening or scamming, mods of /r/ethtrader aren't interested in censoring or banning you. +I'll 35 years old and invest $1,000 a month in stock. I want to retire at 55 and will have a pension equal to half my monthly pay. + +Right now I have 25,0000 in dividend stocks. On average its at 5% return. I owe 25 diffrent stocks and plan on buying 25 more plus some EFTs. + +Should I invest in capital stocks too and Gold? Since gold is staple and doesn't really go up i was thinking of start getting gold at 45 and at 50 start building cash. I always have enough saved to cover 3 months of expenses and doordash when it gets cut into. + +I have wasted a lot of time and money getting started this year so I want to make sure I stay on the right path. + *Disclaimer: I am not a financial advisor. This entire post represents my personal views and opinions, and should not be taken as financial advice (or advice of any kind whatsoever). I encourage you to do your own research, take anything I write with a grain of salt, and hold me accountable for any mistakes you may catch. Also, full disclosure, I hold a net long position in GME, but my cost basis is very low, and I'm using money I can absolutely lose. My capital at risk and tolerance for risk generally is likely substantially different than yours.* + +So.. I mentioned possibly doing a 'post mortem' on my GME trade, and apparently that was in high demand. That being said, I'll call it an 'evolution' instead, as we still don't yet know what will happen next. + +Rather than going through a full narrative, I made a [crazy annotated chart](https://u.teknik.io/xg2HJ.PNG) to chronicle some of the key points in my trade decisions. + +Strangely enough, I think it might better convey how the week went from my perspective a little better than a full narrative. If you catch any inconsistencies between the chart, or my writing below, please point it out. It's very easy to ex post facto ascribe to yourself the benefit of 20/20 foresight and overlook mistakes you made at the time. + +I'll walk through my thought process for newer traders. Keep in mind I'm trading my hobby account, not a self-directed IRA, so the stakes are a lot lower and tolerance for risk is much higher: + +1. I would probably trace the initial origins of this trade for me back to November. I wasn't a genius like DFV finding GME at that point, but once the Pfizer and Moderna vaccine efficacy data came out, I decided to go rummaging through XRT (retail) and other unloved sectors for value that should rebound on the sector rotation to the 'reopening trade' given the nosebleed multiples in QQQ (the NASDAQ/big tech companies that dominated the market in 2020). Figured I'd mostly ride the SMH (semiconductor index) and a few other favorites while digging around. Looking at unloved sectors is the value/long term investor version of 'buy the dip' (typically the dip might last years, but I figured in this case the evolution would be much faster because it would be driven by progress against COVID). +2. ID'd GME for the short list because of an unusually regular pattern on the daily chart RSI. In hindsight I would probably attribute that to one of the hedge funds trying to stealthily unwind its short position veeeeery slowly, but GME being a dead corner of the market, it shows up in the data like a lighthouse beacon, in a channel upward just bouncing off RSI 70. Someone is gradually accumulating a big long position or covering a big short position. TJX's looks better, but valuation too high already (over-loved). +3. Deep dive DD, including DD from WSB just makes me think this is exactly what I've been looking for. Better buy in before it escapes completely. +4. Ok..it made some massive moves already, but with the bonus of the short interest anomaly this is too good.. and it comes with awesome memes--can't say no to the package deal. $38 (my first buy) is pretty good, but I'll write April $40 cash-secured puts to net me a better entry (or additional profit if they go unexercised). This is a common technique investors can use to get either a better entry than they otherwise could get, or some participation in the upside if the price runs away--I find it easier to do this than setting an aggressively low GTC limit buy and keeping my fingers crossed. +5. Digging deeper into the short squeeze thesis tells me it's practically mathematically guaranteed to go off any moment. I take off some cash-secured puts, liquidate a lot of the rest of my portfolio, etc. because if things get as crazy as I think they might, it's better to have almost nothing else in your portfolio to complicate matters. This is especially true as margin requirements start rising. +6. Volatility starts going crazy. You almost can't see it on the daily chart with the scaling of the 500+ peak, but if you focus on the 1/21 to 1/26 timeframe there were a few brutal Eiffel tower moves (parabolic up then down). All kinds of misinformation about what is going on starts flying. People start FOMOing into those moves only to despair out on the other side for a loss. Few if any seem to be willing to talk about the situation in a way that newer traders can understand. I start posting a bit here and there, just getting a feel for reddit. +7. On 1/25 I see a few heated discussions regarding whether the gap up over the weekend, then crash down that day in fact WAS the squeeze, and I try to jump in and correct the record a bit.. people are panicking out on the downside of that move because they're being told the squeeze is over. That motivates me to write my first article in the series. Don't finish it that evening, decide to finish it in the morning. It drops on this sub essentially as what we now know was the squeeze is achieving liftoff. +8. Looking at my posts from 1/25 to 1/29, I'm probably too tuned in to the hype, but tuning in to sentiment is important in sentiment-driven momentum trading. I do try to consistently try to warn new traders from FOMOing in, but that doesn't stop me from trying to help them understand what is going on. +9. One thing I've learned the hard way--don't carry a sentiment-driven momentum trading position through a weekend. That usually does not end well. +10. The weekend gives me time to step back and resume a more analytical approach and you may notice my writing style reflects that at that point. Looking back, I notice a lot of sloppiness and some outright errors in my realtime read of the situation. I try to point some of those out if I feel they might be material to others' trading decisions. +11. At this point I'm thinking the squeeze has been mostly squoze (but for a few 'technically it's still possible' type scenarios). I figure since so many of the regular readers/commentators on my posts are going to ride it, I'll keep a position on to ride it with them too. We'll see where we go from here! + +I actually did really well on the trade overall. Could have done much better had I just stuck to my trades rather than reading and writing on Reddit, but the numerous comments I've seen where I or other commentators in this sub were able to provide good, level-headed feedback and advice helped people make better decisions make it worthwhile to me. I guess it just bothered me too much to see the vacuum of real information and willingness of people to push their trade on others. I didn't see that kind of behavior in WSB even just the week prior when I first joined. + +Also, while it turned out very well, I have to be completely intellectually honest and admit that I could have lost it all too. This was a crazy volatile trade with more twists and turns and unexpected developments than I could have imagined, and that's even given that I actually believe it when I say that I don't know what will happen next. This is something anyone knowingly walking into this type of situation should realize and plan for. + +Each person has a different tolerance for risk, though I will say that while I was and am willing to take significant risks with my hobby trading account, I try to never take entirely irrational risks. I also actively put at risk a relatively small percent of even my hobby trading capital (\~20%). It may not seem like it, as you've seen my writing on a high volatility play, but my overall capital disposition is very conservative and low-risk/low-volatility in aggregate. It's because I know that most of it is safe that I can feel comfortable and controlled making very high risk plays. + +I've seen people put it all on the line and totally clutch trade big momentum--I wish I could, but I know that's not me. + +There are a few sayings that traders have as almost jokes, but with an undercurrent of dark humor in many cases: + +1. **Rule #1: never lose money.** From Warren Buffett, value investing legend. I'm a little more flexible with this for myself, and amend it to "always have a plan that guarantees you can never lose more money than you intended to put at risk." If you are in the red on this trade, realized or unrealized, don't feel bad--I'm very confident that most people are in the same boat. Try to think of it as tuition for one of the most intense, and hopefully intellectually productive seminars ever, held only once every decade or so. +2. **No one ever went bankrupt taking profit, or pigs get fat, hogs get slaughtered.** (counterpoint: tons of people have gone essentially bankrupt riding profits right back into the ground--particularly in climactic late bubble market action, like the dotcom bubble). To those of you feeling bad that you could have made more, be glad that you were in the green. It's something to celebrate. You traded a black swan event and came out ahead. +3. **Buy low, sell high.** MUCH harder to do consistently than it seems. Particularly if you initiate a [trade from FOMO](https://www.reddit.com/r/investing/comments/l5l413/gamestop_big_picture_the_short_singularity/gkyxdqv/?context=3). For those of you who did this, try to remember what that was like, and think of ways you can manage those emotions in the future, or ensure you never put yourself in a similar position if you'd rather not have to. Either approach will be healthier for both you and your wallet in the long run. + +Alright, this post is long enough as is. We'll see where the rocket takes us tomorrow. + +Good luck in the market! +> 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) +Inspired by recent posts on pairs trading I started digging into statistical arbitrage. There are numerous examples of mean reversion strategies based for pair trading, including classics such as the ones from Ernie Chan's book. I am having a tough time finding a nice example that utilizes larger number of instruments (any number >2 will work), where the hedge ratios from Johansen test are utilized to generate signals. Getting the hedge ratios is fairly obvious, and figuring out whether to go long or short on the spread is something that is obviously significant part of someones algo, but lets say that we use the typical z-score and bands and find some periods when we need to long the spread and others when we need to short the spread. How do you generate signals and calc returns using vectors of log returns (not doing full backtest) while taking into account the hedge ratios? Do they need to add up to 1 and then multiply log returns with corresponding weights? This gets confusing fast once you go beyond a pair because for a pair you can just long one, short the other, since you use log returns ratios don't even come in play as the relative price of the stock doesn't matter (it is done per unit). +It was halfway to Christmas this past week. If you had a hard time thinking of low cost gift ideas and have a bit of time this summer, this is the perfect time to get some cuttings off a houseplant or succulents (either your own or if you have a friend or relative with big healthy plants see if they will share). A cute little cactus or pothos or similar grown in a pretty coffee mug (50 cents to a dollar at thrift shops) on a sunny windowsill could be a nice gift for a coworker or plant obsessed friend this Christmas. +NOTE: Thank you for the overwhelming amount of generous offers to buy me a blanket or comforter and send me fabric, but I'm fine. I have other blankets. You're all wonderful, but you're missing the point of my post. I'm making a duvet cover, not "patching together a blanket," and patchwork quilting is a classic art that I was taught by my grandmother. I don't want to sew it on a machine. I want to do this the way my grandmother and mother taught me. + +ORIGINAL POST: +I'm decluttering, and in one box I found a bunch of fabric, including half a roll of muslin I had forgotten I had. There isn't enough fabric of one kind to make a twin-sized duvet cover, but if I make a big-square patchwork quilt, there will be enough. There is enough muslin to make a back for it, and I have an old sheet I can use to back the quilted part, since it won't be showing. + +The stuffing on the comforter I have is still fine, but the outside is pilled and worn. I got it as a gift from my deceased mom, so I hesitate to just get rid of it. This way, I don't have to. I can just make a nice duvet cover and still have my comforter with a bright, pretty new washable cover. + +The most it will cost me is for the thread. I don't have a sewing machine, so this will all be hand-sewn during down times when I'm watching tv or relaxing. +I hope with my whole heart GME will pan out and I can give my unborn child a better life than I have had. 🚀 + +Edit: Thanks for all the congratulations! Really warms my heart! ❤️ +I drank the GME kool-aid and yolod 80K into GME at 350. Should I cut my losses now or is there actually some legit DD that I can use to sleep better at night that aren't diamond hands and rocket emojis. Thanks so much fam. + +Edit: Thanks so much guys for all your inputs. I didn't expect to get so many comments so quick. I'm going to try to get some rest tonight, and reply back tmr! The comment ticker is rising faster than GME haha... + +Edit 2: Thanks to everyone for their opinions and thoughts on my situation, and thanks for the rewards, I've never gotten them before! I'm going to talk to my family to see what is best for us too because everyone is really anxious over here. + +Edit 3: Thanks for all the comments and concerns. I'm still okay, and not standing on top of a roof yet. I'm still processing the situation with my fam to see the next steps as this is an expensive lesson. + +Edit 4: Okay, I've actually been crying my ass off as a grown man today for the first time in years, and happy to have my friend and family for support. It was a bit of a cathartic experience, I will hold for any bump and ill be exiting. Thanks for all the support guys, I really appreciate it. +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? +I thought this video about the **irrelevance of dividends** should be required viewing of anyone who wants to understand money and investing. Please review and discuss it! + +[https://www.youtube.com/watch?v=f5j9v9dfinQ](https://www.youtube.com/watch?v=f5j9v9dfinQ) +I’m currently feeling pretty lost in the direction I want to move in career-wise. I’m in my early 20s and I’ve got multiple different career paths that interest me, although they’re all quite different. So I’m just looking for any advice in decision-making, or what did you do to decide your own career path? +People seem to think because we had 2 big crash close together in 2000 and 2008, we are bound to have one soon. + + +I want to remind people before the year 2000, we had a 20 years bullish run. Its totally not impossible we get to 2030 with no crash, especially now that the feds baby sit the market. + + +Secondly, we have extremely nice upcoming market conditions. Stimulus checks will either get people to spend money to stimulate the economy, or get them to invest, both will help the stock market. The media is somehow trying to make us believe this is bad, but i think its just bullshit. Inflation has been ultra low for way too long, and feds actually want it to increase. They said many times they won't increase rates before 2023. + + +Thirdly, i also think we have more upcomming money sources coming into the market than ever. People from other countries invest in US stock market. With all the GME hype, more people than ever are joining in. Again media trying to twist this to say its "bad", but obviously it isn't bad. + + +Another point is, crashes usually happen for a reason, its not random. You can google any of past market crash and find the exact reason it happened. None of these factors are happening right now. + + +Another point is, there is a key difference between today and 2000. In 2000, the overvalued .com companies which had PE ratios of 200.... were literally worth nothing! These companies had never made a single profit! Once people realized they invested massively in a .com web site worth jackshit... they sold it obviously. They had no reason to hold their shares. + + +Now check this image about Nasdaq's PE Ratios: https://i2.cdn.turner.com/money/dam/assets/150305131443-nasdaq-pe-780x439.jpg + + +Obviously, you can see the 2000's pe ratios were stupid. This graph is from 2015 when it was at 31.7. What is it today? Nasdaq PE ratio as of February 25, 2021 is 38.5!!!! 5x lower than the 2000s. https://www.macrotrends.net/stocks/charts/NDAQ/nasdaq/pe-ratio + + +Its irrelevant if the big hedge funds remove their money from apple and want to scare you into selling your shares. Apple is a massive amazing company that is really worth a lot, and they do make tons of profits. Its not comparable in any ways to the dot com bubble. If other people are stupid and sell their shares, SO WHAT? You will just be able to buy into this amazing company for cheaper. + + + +So hold your shares and stop worrying about a 2000 level crash, its not happening. + + +A correction? Maybe. But who cares, this just slows us down a little. Corrections are healthy and help us avoid a real crash. + + +EDIT: Thank you for the award! :D + + +EDIT2: Corrected the PE ratio for nasdaq +On Thursday I was in the shower and I received a text from my bank asking if I spent $100 at "Level up Smoothie King" in Boston, MA. Seeing as how I live in Tennessee and I'm trying to stay away from spending money, I knew it wasn't me. So I freak out and check my bank account and see that someone also spent $300 at Chick-Fil-A in Georgia for some reason. I immediately call my bank and get my debit card stopped and start filing a claim for the lost funds. Also I'll probably be switching banks because everyone I talked to acted like I wasn't gonna get my money back and that I was the scum of the Earth for bothering them. But all that aside, I was just curious if anyone else has had their card charged for that "Level up Smoothie King" in Boston. Because I Googled it and looked at the reviews and there are a ton of reviews saying that they stole money from them. Just seeing if it's happened to anyone else. Also wondering if I need to take any further steps. Poggers +[A tweet making the rounds of an email received by a Peloton user](https://mashable.com/article/peloton-treadmill-monthly-subscription-required-just-run/) is showing that Peloton is no longer going to allow use of it's "Just Run" feature on it's Tread units without a subscription. + +This is absolutely TERRIBLE for Peloton. Effectively, they will be bricking treadmills if you don't subscribe. Some places, like Australia, have consumer laws regarding this. Effectively, the device no longer matches the provided description so you are entitled to a refund for up to 3 years after purchase. + +Little news circulating about this at the moment. +I fully understand how progressive taxes work, and that you only pay on higher rate on the bit in the higher bracket. But, I was in a discussion with a friend and they were claiming that their wife got a raise and that *somehow* it meant she actually paid more in taxes than the raise and so ended up with less net income for the year. I pushed back saying that's not how the progressive tax system works in Australia (or probably anywhere, but lets just focus on Aus) but they insisted it happened. + +So, are there any scenarios, like maybe some sort of tax credit that would go away, some more esoteric tax that isn't progressive or something that could ever result in this ever being true, or is my friend full of shit? +I currently work within a fortune 100 company’s Computer Security Incident Response Team as a security analyst. + +As more and more newbies jump in the field, I wanted to share some security tips outside the typical “not your keys, not your wallet” type security as there’s other ways to be hit + +1.) [haveibeenpwned.com](https://haveibeenpwned.com/) enter your email and see what data breaches your email(s) have been apart of. I recently helped a fellow reddit user who said his account was hacked, turns out he was part of a breach where a crypto site was hacked and his password was exposed, he reused this password on another crypto site that the attacker crossed referenced with his email / pass from the other site and didn’t have 2FA activated. + +With that don’t reuse passwords, and use auto generated passwords / store them in a encrypted password manager (I use [KeePass](https://keepass.info/)) + +2.) Every single program/software is essentially a attack vector, keep your OS updated, keep your software updated, and uninstall ANY thing you don’t use anymore. Just look up the SolarWinds hack and see how supply chain attacks work. + +3.) Don’t download random stuff from this site or any other. If you want to, check the hash of the software. This can be done using “Certutil -hashfile ‘filename’ sha256” in the windows cmd (Linux you can use “sha256sum ‘filename’”) you can then enter the hash into [VirusTotal.com](https://www.virustotal.com/gui/home/search) to see if it comes back malicious. + +4.) Keeping your seed phrase safe, I personally store it in a KeePass database file (encrypted) then put that file on 2 USB drives and store it in 2 different secure locations. + +5.) typical advice: Don’t engage reddit messages, don’t disclose your portfolio, cold wallets, and activate 2FA on your reddit account to keep your moons safe. + +EDIT: + +6.) Don’t trust email links, I’ve actually worked with the owner of haveibeenpwned owned on a “breach” I found where I found over 12K emails that were entered into phishing sites, and reported it to him. Always go to the site directly through the url address (and double check it) + +7.) ALSO! Forgot one of the most important ones, chrome extensions, these can have keyloggers, take screenshots, and track you. It might not be malicious when you downloaded it, but attackers generally + update them with malicious code with those capabilities or aren’t updated at all which leads to potential unfixed vulnerabilities. Double check the ones you have installed, and remove any you don’t need. + +8.) VPN / Browser, use a vpn with a no log policy to encrypt your network traffic. I personally use ProtonVPN and it’s worth the few bucks a month for a paid version, brave also allows you to use TOR in browser. Another option is hardening Firefox to use as a browser if brave doesn’t suite your needs which a guide can be found [here](https://informinc.org/internet/how-to-harden-your-firefox-browser-for-security-and-privacy/) + +EDIT EDIT: +I’ve gotten a lot of messages regarding how to get into the Cybersecurity field and trying my best to respond to them, if there’s interest I could make a post about that at some point. + +If so please feel free to leave questions below, that you would like answered in case it doesn’t come to mind when writing it / trying my best to respond. +I did it guys, I opened my TOS account and threw a little cash in there. I have no hands on experience with day trading but would love some guidance and pointers. And what are some sources I could use to find what stocks are on the move? Thank you! +I've heard that the collective memory is poor in that we tend to believe the past will repeat itself. Since the crash of '08 with a subsequent miraculous bull run, it seems everyone is in constant anticipation that something will break it, and a recession will be upon us, perhaps resembling somewhat like the last crash. However, Howard Marks notes that although there are problems in our economy, there are also aspects to feel optimistic about, and we're unlikely to experience anything remotely so severe. I'm uncertain of what posture is appropriate. If any investors have lived through multiple past cycles of boom-and-bust, what do you anticipate is coming? What do you think it will *feel* like? If I'm truly a long term investor, should I continue holding my positions with the knowledge that you truly outlive any pullback without much permanent consequence? +* EPS was $6.47 vs the expectations of $4.04, exceeding them by 63%. +* Revenue was $87.4B vs expected $86.0B +* Revenue up 21% YOY +* The switch to single day shipping increased shipping costs 43% YOY but did not hamper profit +* Over 150m paid prime members worldwide +* AWS cloud service revenue up 34% YOY +* Physical store sales like whole foods, dropped 1% +* "Other" business such as advertising grew 41% +There is a lot of brigading about passive indexing in a lot of topics which aren't geared for it. I understand that passive indexing is optimal for most people, but I don't think that should stifle the discussion here. I also don't think telling people to go to WSB is conducive to any real discourse that goes on here simply because they have an opinion that goes against the passive indexing mantra. + + +Whether you think stock picking is the best course of action or not, I think it's best to try and be helpful and discuss why you choose one strategy or another instead of taking any other investment philosophy but your own to task in topics not designed for it. + + +I love this sub and the people in it, but I'm sure I'm not the only one that realizes how boring this sub would be if all the threads were about whether VTI or VOO is better. It's optimal for most, but if that was the end of the conversation this would be a dull place. Just my 2 cents. +I'm seeing a lot of posts lately here about people worried about their credit score. + +Correct me if I'm wrong, but I've always believed that they're largely meaningless in the UK. AFAIK, if you (1) ensure you don't miss any payments and (2) take out a credit card, pay it off on time etc, you can largely 'set and forget' it all and it won't really affect your financial decisions. + +Whereas, in the USA, Credit scores are massively more important and have a much bigger impact on your day to day life. Perhaps the general American influence on the internet spaces we reside in plays a part here. + +Just to not make this exclusively about the UKPF reddit - I hear this a lot anecdotally from family and friends, worried about their credit score. Does anyone else experience this and think it's OTT? + +If I'm right, what's a concise way of getting this across to family and friends? And if I'm wrong, in what UK scenarios is it really important? +How can I reduce federal and state income taxes on income generated by put options selling? I sell puts full time. All my income is capital gain, which is not "earned income," and therefore cannot be used to contribute to retirement accounts to reduce my tax bills. For example, when I had a "real" job, I was able to contribute $19,500 pretax to a 401K, or $6,000 pretax to an IRA. But now, since all my income is investment income, I cannot stash away any money to retirement accounts. + +One possible solution is to establish an S-Corp, transfer all my stock holdings and put options selling to a brokerage account belonging to that corporation, have the corporation pay me a salary, which I then can use to contribute to my retirement accounts. Will that work? Any other tips or solutions? + +Thanks. +Is there a concern of "overdoing it" on that account (i.e. having a balance higher than anticipated future medical expenses)? If so, what's the remedy -- is it simply a taxable withdraw if you no longer have medical expenses to offset it? + +I realize the "not enough medical expenses" scenario is unlikely, but am still wondering how it plays out. +Tons of big money are going to make a killing on the squeeze and the possible aftermath if the market collapses. They want this to happen. They are all sharks, they don't see each other as allies, they are all enemies. + +They may smile and shake hands, but they will slit each others throats when the time comes. Just relax and hold your shares. + +Keep in mind that no matter the FUD, the institutional longs have not abandoned GME. They held through all of this just like us. They have big plays they are going to make so they can devour their competitors. We are just along for the ride. +I'm 17 years old and I'm turning 18 the week before I move into college. As of right now, I'm going to college in the same state as my parents but I will be a few hours away. + +Part of the discussions we've had is finances. Right now I have the Florida Prepaid Plan for my tuition and I am waiting for my Bright Futures application to be accepted. I'm confident in my application being accepted because I had a 7.2 GPA along with a 1560 on my SAT along with meeting all of their deadlines. + +My housing at university will cost $12,000 for the first year. My parents have claimed they want to cover it but I am feeling like they are using that to control me in college. By being controlling, they've claimed they will want me to send them my location whenever I am in class and when I am not in class I will have to give them a reasonable explanation as to why I am not in class. They have also threatened to turn off my phone in college if I don't send them my location whenever requested. They also plan on imposing a curfew and enforcing it with me sending my location. + +My problem is I want to begin to cut them off and become independent so I don't have their rules when I am in college. I plan on getting a job when I move to support myself financially so I can afford my own phone plan, gas, and food. I just need a little guidance on where to start in terms of becoming independent from my parents. + +**EDIT** A lot of people are questioning my 7.2 GPA. The way that my county does GPA scales there is an unweighted and a weighted. Unweighted is out of 4 and my GPA was 3.92 due to getting some Bs in HL Biology and HL Physics my junior year. Weighted my GPA is 7.2. IB, AP, and Honors classes give weight. + +Another thing that people are mentioning is that it's their money, their rules. That's exactly what I'm trying to avoid. With my scholarships (Bright Futures, National Merit, University, and Local), I can pay for college for 2 years. My parents want to help pay for my housing and tuition with Prepaid. However, I come back to my initial post being that I'm trying to be independent so I don't have to report back to them whenever they please. I would like to have my own social life in college and not one that is similar to that of my controlled high school state. + +**EDIT 2** People seem to assume I'm *this* ethnicity or that I'm a girl. I'm a 6'4" white guy. Their control isn't in the intention of me being kidnapped or sexually assaulted. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +A month ago I tried to make a purchase online but the merchant’s checkout page kept glitching so after four attempts I ended up calling customer service and completing the purchase over the phone. But when I checked my bank account I saw that there were five charges. I called the merchant to request a refund for four of the charges but they said they could only see one charge. So I filed a dispute with my bank. + +Today when I called for an update my bank told me that the merchant is not responding to the dispute and that if they don’t respond within 30 days the investigation will be closed and I will have to take the loss of the money. That can’t possibly be right, can it? This is a local credit union, if it matters. At the very least this is an expensive lesson learned about not using debit cards. + +**UPDATE:** Thanks so much everyone for the advice, it was really helpful. I just got back from the bank. Unsurprisingly they said the rep I spoke to was incorrect about losing the money if the merchant doesn't respond. But they said if the merchant doesn't respond within 30 days, they will start their own investigation which could last up to 90 days. I asked why, as per Reg E rules, I didn't receive a letter from them within 10 business days and why I wasn't offered a provisional credit while they do their investigation. They said that doesn't apply here because this isn't a fraud investigation, it's a dispute. They don't consider it fraud because I have "a relationship" with the merchant since I have made purchases from them before. This sounds like bullshit to me. From what I can see Reg E doesn't distinguish between fraud and disputes. I am now waiting for a call from an even higher up person and if they don't resolve this I will let the CFPB sort it out. + +And don't worry, my new credit card in already in the mail and my debit card will soon only be seeing the light of day at the rare ATM visit. +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.theverge.com/2022/4/29/23048161/twitch-revenue-split-cut-report-bloomberg-streamers-complain](https://www.theverge.com/2022/4/29/23048161/twitch-revenue-split-cut-report-bloomberg-streamers-complain) + +***As*** [***reported by Bloomberg News***](https://www.bloomberg.com/news/articles/2022-04-27/amazon-s-twitch-seeks-to-revamp-creator-pay-with-focus-on-profit?sref=ExbtjcSG)***, Twitch is considering a number of changes to increase the revenue it collects from its most popular streamers. These include encouraging streamers to run more ads; reducing revenue share for streamers from 70 percent to 50 percent (a favorable deal only available to some of the platform’s biggest draws); and introducing a new tier system allowing streamers to graduate through different revenue splits based on set metrics.*** + +In an attempt to take a larger bite from the apple, Amazon is looking to *squeeze* influential Twitch streamers. In doing so, Twitch will degrade their product, alienate their streaming partners, and reduce their market share in the streaming space. + +That's where you favorite dying retailer comes in. + +RC & Co. should be using our newly raised $1B cash in part to build internally (or acquire an already established platform) to fill the void Twitch is about to create. + +# Build it and they will come. + +&#x200B; + +&#x200B; + +[\(cum\)](https://preview.redd.it/exiyqzo2enw81.jpg?width=652&format=pjpg&auto=webp&s=e8eb5acc3b60e5b7d9e4778a92be259b8349b2db) + +&#x200B; + +It is estimated that as of 2020 Twitch is bringing in over [$2 Billion](https://www.businessofapps.com/data/twitch-statistics/) of revenue to Bezos. If GameStop can incorporate a community-building streaming platform into their business, the company's other revenue streams would be supplemented well. + +For example, we know GameStop is expanding its [PC Gaming Selection](https://www.digitaltrends.com/dtdeals/gamestop-pc-gaming-selection-gets-better-october-2021/), and testing [PC LABS](https://www.gamestop.com/pclab-store-event.html). + +GameStop can leverage their partnerships throughout the video game, metaverse, and NFT industries to create a hub, a one-stop Gaming Stop, for streamers to establish communities on the GameStop platform. The streaming platform will also be home for all things [E-Sports](https://www.gamestop.com/esports), an industry that is growing rapidly worldwide and a niche GameStop will continue to invest in. + +[https:\/\/venturebeat.com\/2020\/02\/25\/newzoo-global-esports-will-top-1-billion-in-2020-with-china-as-the-top-market\/](https://preview.redd.it/e45cjpqzfnw81.jpg?width=750&format=pjpg&auto=webp&s=3fba5aba0ba9ab6644274d9f7e7614e872585941) + +The GameStop streaming platform will also have an immediate source of interest from GameStop customers, because as we know, there are nearly 6M dues-paying [PowerUp Rewards Pro](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results) subscribers. + +&#x200B; + +https://preview.redd.it/pvyavdq2hnw81.jpg?width=1384&format=pjpg&auto=webp&s=4929a143b7e71f5bdcd7eeaa19020ba2256c9663 + +Obviously it is not free to maintain a platform like this and it may require a significant expenditure of capital to get the project off the ground and maintained. The company has a perfectly clean balance sheet and limitless flexibility to finance such a project. + +A GameStop Twitch-like platform that treats its creators with dignity, delights customers, and augments their other product streams would be a great way for GameStop to increase shareholder value. +This may seem obvious but it wasn't to me. When I first heard about FIRE, I was miserable in my job. Being at the office 80-100 hours per week consistently, alongside miserable people and impossible expectations, with no social life (the kind of job where something on the calendar for six months could require cancelation an hour before- friends and family love that). I was paid well, relatively, but it so wasn't worth it. It was really only my student loans and fear that kept me from quitting every day. FIRE seemed like this escape hatch from a lifetime of misery. + +But I was 20-something and entry level. Now I'm 30-something and not- still in the same industry, and while I don't pretend this is the case for every job, my job couldn't be more different. Never more than 45 hours per week- but normally 30-40 (and at full time salary). I have autonomy and flexibility, I have more vacation days (30!), I can work from home whenever I want, I can focus on the tasks I enjoy, both because I've developed a specialty, and because a lot of the entry level drudgery disappears when you're no longer entry level. I also am paid a lot more (and incredibly more per hour) than I was as an entry level employee. I will hit a million in 2022 unless the markets implode. And that still matters, especially psychologically, because things could absolutely change and safety nets make big jumps possible. But there isn't the same urgency. I enjoy my job. There's a satisfaction in doing something well, and being paid and appreciated for it- satisfaction I couldn't have imagined when I first started working and I was weighing my kid's feverless cough and general malaise against the fact I had no more sick days, and sent him to daycare, both of us miserable and me guilt-ridden. + +Zero regrets about FIRE, but I strongly, strongly believe that if so many entry level jobs weren't so miserable from basically every angle, there'd be a lot fewer people clinging to it as some sort of last hope. Aiming for FIRE and getting FI with no desire to RE (for now) is the best of all possible worlds to me. The beauty is that once you reach that point, it becomes a choice. Your choice. Just don't assume at 25 that you'll be facing the exact same choice at 35. The calculus may have all changed. And that may be beautiful. +I have been lurking here a couple months and getting a better understanding of the wheel. I’m looking out dip my toe in some time next week. Here are some of the important points I have distilled: + +1. Pick 1-6 stocks you would like to own +2. Check the IV is decent for a good premium(50-80%) +3. Sell CSP 30-45DTE, strike 5-10% OTM +4. Wait + a. Buy to close at ~15 days if OTM + b. If ITM hold +5. If assigned repeat steps 4 and 5 with CCs + +Is that about right? +Location is Maryland, USA + +My mother in law died this morning after a lengthy hospital stay. She initially had a planned surgery to remove a cancer but encountered multiple complications one after another and she wasn’t able to recover. This was over the course of 5 weeks, 4 of it in the ICU. She did not have Covid. I don’t know if any of that matters for insurance purposes. + +Father in law and my wife are devastated. Mother in law took care of everything for her and her husband financially, bills, insurance etc. so he is at a total loss at what to do. I am certain she had life insurance and decent-to-good health insurance but short of turning the house upside down, we have no idea where to look for that information. + +Looking for advice on what next steps are in coming weeks. + +Am I correct in thinking the life insurance should cover hospital bills? + +Is her spouse even responsible for any hospital bills? Not sure how this works with a surviving spouse. + +Do we find a particular lawyer to go over things like an estate lawyer? Or some other basic legal advice? + +————- + +Financials: father in-law retired two years ago and worked part time until Covid hit. Then laid off. No major debts that I know of. Mother in-law was working for a large corporation up until this point. + +There are retirement accounts and other assets but I don’t even know where to begin to help my wife and FIL. + +Basically want to make sure we don’t get taken advantage of and ensure the best future for him. + +Thanks in advance. +# 0. Preface + +TL;DRS: Wonder where to keep your wealth safe after MOASS? Don't put it in the current financial system. The dollar and banks are becoming useless. The new financial system is coming, GameStop's plan is tokenized stock and ETH adoption, and the MOASS will suck wealth from the old system and pour into the new. Please do try to read the post as I've made it as simple to understand as possible. + +Good day apes, ever since GameStop started making an NFT marketplace on Ethereum/Loopring I've been trying to learn as much as possible on what Ethereum is. My conclusion is that it **is the base of a new and complete financial system.** In this DD I will try to provide a simple explanation on how the old system is fundamentally broken, how the new system is rising and (with some speculation) what is RC's plan for GameStop and the MOASS. It is no coincidence that the idiosyncratic risk stock is going deep into the new financial system. + +# 1. The Fall of the Old Financial System + +Let's begin with some basic concepts. The economic system and the financial system are different things. The global economy is humanity's biggest and most complex machine, it contains everything that humans produce, distribute and consume. All of our work in general, our creation of value. On the other hand, you can think of the financial system as just a tool that helps moving and keeping track of value. It is the economy's paperwork. Since it doesn't create value, it is just a cost to society. As such, it should strive to be as small and efficient as possible. + +The reality is, however, the current system is doing the opposite of that, and has been for decades. From 1947 to 2010, finance industry income as a proportion of GDP rose from 2.5% to 7.5%, and the finance industry's proportion of all corporate income rose from 10% to 20% in the US. Also, the actions of the people in charge of the system have created one of the highest levels of inequality in history. **This just isn't sustainable and eventually something has to break**. + +I won't go too deep into how the system has failed and is collapsing since there is a gigantic amount of excellent DD on this from this sub. Printing 80% of all USD since 2020, bailing out banks with trillions at the cost of taxpayers and creating a housing bubble are only some of the things the people in charge have done. If you haven't read them already, you really should read u/criand 's [The Bigger Short](https://reddit.com/r/Superstonk/comments/o0scoy), u/atobitt 's [House of Cards](https://reddit.com/r/Superstonk/comments/mvk5dv), and u/peruvian_bull 's [Hyperinflation is coming - The Dollar Endgame](https://reddit.com/r/Superstonk/comments/o4vzau). + +The current system is specially bad in the most relevant topic for this sub, the stock market. Even though trades get done at near the speed of light, the securities bought need *two business days* to settle, leaving plenty of room for manipulation and crimes to take place. Sometimes the security you paid for doesn't even get bought and instead becomes an FTD, the "share" in your broker is synthetic. You gave them money and they told you they bought the share but in reality they took the money and gave you nothing. As shown in the House of Cards DD, there is a market-sized naked short selling scheme. Naked shorting means making synthetic shares out of nothing and selling them, effectively creating a fake supply. By "providing liquidity", naked shorts **fundamentally break the law of supply and demand, the basis of economics.** The "stock market" cannot be called a real market. It is some imaginary fixed game detached from reality with a fake supply and a fake price. And this is a huge problem because companies are real things that provide real value to society, and now the market for their property rights, which works as the base of the capitalist economy, is a fraudulent made-up scheme. + +In summary, the current global financial system has been growing, gaining more and bigger risks of collapse, increasing inequality and becoming more complicated and obscure, to the point that it is impossible to truly understand. On top of that, in the stock market it has completely stopped doing it's purpose and is broken. The system is a parasite on the economy and humanity, and there is no way to fix it. It's collapse is inevitable and is happening right now. Does that mean that the economy will also collapse and leave society in ruins? Thankfully, no. + +# 2. Ethereum, the base of the New Financial System + +Ethereum is a decentralized blockchain. Basically, it is an incredibly secure growing list of records that has no single entity as an authority. Everybody who participates in the network, *is* Ethereum. However, unlike bitc0in, Ethereum focuses on smart contracts, and this is the main reason it shines above and can become the base for a fully fledged financial system. + +A smart contract is like a regular contract or protocol, but that automatically executes the terms of the contract. This is really useful because it removes the need of trust and intermediators, and also reduces arbitration costs and the chances of fraud. Furthermore, because they are on a blockchain, smart contracts are immutable and distributed, which means they do not change after they are written and that it is practically impossible for malicious actors to tamper with them. + +For a [simple example](https://www.youtube.com/watch?v=ZE2HxTmxfrI), instead of needing to use kickstarter for crowd-sourcing a new videogame, a developer can make a smart contract that says that they require a specific amount of money, promises to fulfill specific obligations and make a product that meets certain criteria. People that like the idea can fund the project (by buying tokens of the contract), if it doesn't achieve the required amount of money, everybody gets it back. If it does, it goes to the developer who gets to work. When the product is finished, the people that bought the tokens make a vote deciding if the developer fulfilled their part of the deal and made a product that matches the established criteria. If they did, the project is a success and all parties get what they wanted. If they didn't, they can get a refund. + +Another important concept to keep in mind are tokens. As Matt Finestone (ex-Loopring exployee and current head of Blockchain on GameStop) puts it, tokens are a natural progression to digitized ownership. Currently ownership is represented as electronic records in a regular database, something that has many problems. Since this traditional database is completely contained within a single institution, it is vulnerable to attacks, and said institution can do whatever they want with it. You know, like what the institution in charge of stocks, the DTCC, does with them. On the other hand, tokens on a blockchain don't have these weaknesses. If you buy one and the trade is confirmed, it is instantly settled and you actually have it. It's not in a broker or a bank, *it literally is in your wallet*. **Fungible tokens** can work as currency, like ETH, LRC or IMX, and as securities, like tokenized stocks. **Non-fungible tokens (NFTs)** can determine ownership of unique things like art, in-game items, movies or books, real life objects like limited edition skateboards or luxury watches, even real estate properties. The possibilities are endless. + +The amazing benefits of smart contracts and tokens are the base for **Decentralized Applications or DApps**, which in turn make **Decentralized Finance, or DeFi,** possible. + +The economy needs financial instruments to function. These instruments are monetary contracts, meaning currency, evidence of ownership, debt, and equity (or shares). The point of DeFi is having these instruments without relying on intermediaries like brokerages or banks, or central authorities like central banks or treasuries. While at the same time making them more secure, reliable, and free from greed and corruption that come with the institutions that make up the current system. Looking at the current state of affairs, we really, really need this. With DeFi, the failing fiat currency (USD) gets replaced by ether (ETH), traditional ownership contracts get replaced by blockchain tokens and NFTs, a ton of bureaucratic paperwork just gets done by itself, trades settle instantly (where possible by law), stocks become tokenized, the fraudulent "market" gets replaced by a decentralized exchange, banks and other institutions like brokerages become obsolete because people hold their assets themselves and the parasitic middlemen are now useless. Beautiful. + +Smart contracts are here and they just work. Ethereum, NFTs, DApps, etc are already here. The technology for DeFi is here. Specific products and updates (like "The Merge" coming next week) need finishing, but things are moving very fast. **Which means the most important thing left is adoption**. **The people and companies need to ditch the old system and start using the new, incredibly better one**. And I believe this is where GameStop, Loopring, and the MOASS come in. + +# 3. GameStop, Loopring, and Security Tokens + +In recent years GameStop became heavily naked shorted, and a fake supply of shares *with a size* *many times the true supply* was created, with the purpose of forcefully bankrupting the company. However, bankruptcy is off the table for GameStop, and the gigantic fake supply is still there. Now there are probably millions of investors holding many times the true supply of shares who refuse to sell them. When a short squeeze occurs, the shorts become buyers creating a demand many times higher than the supply. Which means no matter how much the price rises, *supply never meets demand*. **This is a critical, fatal flaw for the whole system**. The problem isn't "just" that the resulting short squeeze will reach absurd levels, as in hundreds of millions of dollars per share, it's that it will keep going up after that. And then nobody will be selling shares but there will still be shares that need to be bought. The price becomes infinity. Not a billion or a quintillion, *infinity.* As admitted by the IBKR chairman, this squeeze means the collapse of the entire financial system. Everything breaks. The dollar becomes useless, the stock market cannot function. As the DTCC itself wrote in a report, one stock is an *idiosyncratic risk* for the market. **This is the number one reason I believe RC and GameStop, after close to two years of this saga, haven't done anything that triggers the squeeze**. Yes, a year ago they could've issued an NFT dividend and ignited the MOASS, but at what cost? There was no financial system to replace the old one after it collapses. And the economy, which most of our lives depend on, needs a financial system. So my belief is, the MOASS can't happen until the new system is ready. + +Fortunately for us as shareholders, RC, Loopring, and the GameStop team don't say a single thing more than what they need to say. They just work on their plan. We can connect the dots on what we know to try to figure out what they are working on, but it will only be an educated guess. Don't take everything of what comes next as set in stone. Basically, **the plan is tokenized stock.** + +In december 2018, Matt Finestone, who worked at Loopring at the time, [wrote an article on tokenized securities](https://medium.loopring.io/the-2019-truth-on-security-tokens-7800c14129e4). I recommend you read the whole thing, but some important points are: + +>Programmable compliance is a win-win-win for issuers, investors, and regulators. Compliance by code — in the security tokens themselves — makes everyone's’ lives much easier. \[...\] In the current system, performing a trade may require checking permissions and statuses across multiple ledgers maintained by multiple parties. Allowing and ‘papering’ the change in ownership is a process wrought with friction and cost, and involves a lot of human oversight. \[...\] I think it’s reasonable to believe that one day \[regulators\] may *mandate* securities to tokenize for the enforceability it offers. They would never have to chase paper trails again, everything self-executing, and if something did go awry, the proof is there, immutable. + +Basically, he is saying the current securities market have is inefficient and requires too much oversight to function correctly (and we know it doesn't). Tokenizing securities would remove a lot of uncertainty, everything would self-execute, and very importantly, it would be incredibly easy to regulate. **Programmable compliance means the law is literally written into the security**, and it can't act against it. And if something goes wrong, the blockchain provides an immutable record of what happened. Recently Gary Gensler, head of the SEC, said a stock exchange built on blockchain would be a good thing and that makes me mildly optimistic about the SEC in the future. **Win for issuers (GameStop), win for investors (apes) and win for regulators (SEC).** The only party that loses from this are the parasitic criminals on WallStreet and Citadel, that *need* the inefficiency and obscurity to profit. Remember when RC tweeted from a GameStop that was really close from the SEC headquarters? I think it's possible the GameStop blockchain team and the SEC are working together on this programmable compliance. Anyways, let's go to the next point Matt makes. + +>Security tokens allow for rapid (instant) settlement. This is a positive for private security trading to reduce uncertainty and counterparty risk. It even represents an improvement for public securities; public equities typically settle ‘T+2’, so ownership of the stock actually changes hands 2 days after the trade was executed. Private securities can take much longer, on the order of weeks or months. \[...\] The settlement system is highly complex, and blockchains could remove a lot of that. I’d posit that blockchains can do a much better job than previous tech, given the degree of certainty regarding transaction recording. \[...\] Finally, maybe blockchain settlement can really speed things up by virtue of having the token transfer automatically set the rest of the settlement wheels in motion, if other processes can also be sufficiently automated by smart contracts. + +The settlement system is old but is there for a reason, as legal transfer of ownership means time to settle may still be needed in the real world. However, the instant settlement tokenized securities offer still is a positive thing, removing unnecessary complexity and providing better a better system for the legal requirements, which can also be automated with start contracts, to work. + +He concludes his post with this: + +>I mostly think of security tokens in one simple sentence: +> +>**In the same way that much of corporate (and other) finance gets done on Excel — even though you can use other tools — Ethereum may one day simply be the giant Excel spreadsheet in the sky, making everything so much easier, that we will wonder, how did we ever do without?** +> +>I think it will become increasingly obvious that financial assets will tokenize. It’s an accounting technology, it should be no surprise that we use it for…accounting. Then one day… +> +>**We won’t call them security tokens, we’ll call them securities.** + +Ethereum is the giant Excel spreadsheet in the sky that makes everything easier. Exactly what a financial system should be. + +Matt makes an excellent case for security tokens. Tokenization of financial assets is the inevitable future, because it just works. It is simply way better in all things than the system we have now. Also, since these tokens can't be made out of thin air, **the main crime harming GameStop, naked shorting, becomes impossible**. It is no coincidence that Matt Finestone is now head of blockchain at Gamestop. + +By the way, half a year before Matt's post, [Loopring's Byron suggested to Elon Musk on twitter to make a car-company token ICO after he claimed his car-company was the most shorted stock.](https://i.redd.it/u33xc1ktc4r81.jpg) Even though the suggestion wasn't a tokenized security (their views probably changed since then, considering Matt's post came afterwards), it is no coincidence that Loopring formed a very secret partnership with the *actual* most shorted stock in the market. + +So if security tokens is the base of the plan, how would the tokenization of GME go, and what would the MOASS look like? + +# 4. The MOASS and the Transition Between the Systems + +Now that we have the very plausible assumption that GME will issue tokenized stock, let's go through what happens to the financial system and the stock market when they do. + +We don't know and can't know exactly what the plan of action is until they announce it. I think the most likely options are either they do another stock split in the form of dividend, but this time it's 2:1 and the new stock is tokenized, or they just issue one new tokenized stock for each existent one, with the traditional stock disappearing after a set amount of time, effectively removing the shares from the current system. **One new security token that trades in a different exchange for each existing outstanding share.** Insiders, DRS'd apes and institutions receive their security tokens without issue. Then the remaining are sent to ETFs and the DTCC. From there they have to distribute around 100M tokens to, lets say, 300M to 800M shares in beneficial ownership. An impossible task. Brokers that didn't buy shares and naked shorts run to buy real shares to receive their tokens but there simply aren't enough. MOASS. Short hedge funds and brokers need to buy the new security token on the new exchange to deliver to the stockholders. The price of the new GME security token also skyrockets. Regular and tokenized shares for sale run out but there are still shorts that need to be closed. Citadel and Wall Street go bankrupt while the price goes to infinity. If the situation remains like this the fraudulent stock market will completely collapse and harm the real-world economy. + +GameStop can then make a new share offering, that would let shorts close, **but the offering is in the new security token sold for ETH.** Now they can buy new shares to deliver to the stockholders, who in turn can choose to hold or sell for ETH. Now the shorts buy those security tokens again, to send to another stockholder waiting for their dividend share. If it is not enough, GameStop can make new offerings until shorts close, the problem is solved and the stock market can continue. In this process, which could take a long time, GameStop and apes **make an insane amount of ETH**. At the same time, the price of ETH/USD starts going parabolic since the SHF need to buy ETH to buy the new shares, and outsiders of the saga want to participate in the new stock exchange. And the best part is, that ETH goes to GameStop and to Apes, and the shorts remain with nothing because as soon as they buy the new shares they have to give them to us. I really hope this is the plan because it is just beautiful. The USD devalues against ETH at an incredible rate, and ETH becomes the best and most valuable currency. The FED probably does what they do best and print trillions of USD to give to banks/funds to buy ETH and solve the MOASS, further devaluating the USD. + +# This move effectively sucks value out of the USD, which is on it's way to hyperinflation anyways, and pours it into ETH. It sucks wealth out of Wall Street and pours it into GameStop, that becomes the most valuable company in the planet, and Apes, who also own GameStop. Apes become the new rich class, in the shiny new and improved financial system. + +Now, this is speculation and maybe the plan is to bring a lot of adoption and lead the ETH ecosystem (more of that on the next chapter), become very profitable and then start issuing ETH dividends or something like that, with security tokens coming later. Even if tokenized stock is the immediate plan, there are still many uncertainties in how exactly the play will be made. Maybe the currency of the future is LRC, instead of ETH in loopring's network. Maybe GMERICA is the new tokenized stock exchange built on loopring, maybe GameStop, Loopring and FTX are working together on the new exchange, or maybe the new tokenized shares will trade on the existing FTX exchange. Personally I don't think this last one is the case, two days ago [I made a post](https://reddit.com/r/Superstonk/comments/x8h4r4) arguing that FTX's value for GameStop is not in their **centralized** exchange for tokenized stocks, but in their FTX Card and FTX Pay systems, something that has amazing potential to bring adoption to the new financial system. Which brings me to the last chapter of this DD. + +# 5. GameStop in the Post-MOASS World + +As I explained in my last post, I believe by partnering with FTX, GameStop wants to let people use the GameStop Wallet and ETH to buy things from GameStop ecommerce and retail. They said they will be "collaborating with FTX on **new ecommerce and online marketing initiatives"** and that "GameStop will be FTX’s preferred **retail partner**". I think they want to link the FTX card, which works like a normal debit card but without the need of a bank, to their wallet. It will let consumers buy products with ETH, even though the price is set in USD, with extreme ease. Eventually, most likely after MOASS, GameStop will set the prices on their products on ETH. **They want to lead the new financial system not only in the stock market, but to the real world economy, because they know it's the future.** + +With GameStop ecommerce and retail, you will be able to buy phones, consoles, videogames, clothes, PC parts, and all kinds of real world things with ETH. With their NFT marketplace, you will be able to buy art, in-game items with Immutable X, books, music, comics, and more with ETH. Since GME Entertainment is probably acquiring or partnering with Blockbuster, who is coming back with the help of NFTs, you will be able to buy, rent or stream movies and shows with ETH. And then **even more things that will come in the future**, new things with MOASS share offerings that we can't even imagine right now. I'm incredibly excited for what's coming. All of this in one company, the company you own. + +&#x200B; + +# GameStop is the future, and the future is now. + +&#x200B; + +# Power to the Players 🏴‍☠️ +What are your thoughts on staying somewhere moderate (like a Marriott or Hilton) vs. splurging on Four Seasons or something similar? Is it worth the extra cost? + +ETA: This is for a trip to Hawaii. + +Edit: Thanks for all the comments and useful information! I booked a VRBO on Maui, three days at the Grand Wailea, and a two bedroom condo at Koloa Landing on Kauai. I think it’ll be perfect! +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. +****update**** I’ve looked at the option chain for several tickers and large quantities of puts have been placed/added right under max pain this week which I believe are manufacturered dumps through the option market. I think big dumps coming across across the market and OTM the money puts will be ITM by end of day. BIG DUMP. ***Please don’t trade options on max pain. Option chain gives us a prediction of how the day might play out and looking deeper into the option chains should be done before buying options.*** I’m not giving financial advice + +I’ve spent the last several weeks staring at different stocks in active trader and I believe the entire market is illiquid. EVERY. SINGLE. STOCK. After watching charts and option chains for very high volume tickers like Apple, Tesla and Ford (and others that experience big spikes and drops), all prices move back to “max pain” for the week. Apple max pain this week is 172.50. I’ve watched all week - stock under 172.50 it will move up. Stock above 172.50 it will move back down. Stock will end the week at max pain so the least amount of options trigger. The lower the better, less shares have to be found. + +I believe all this is done through the option chain, option creation and execution by market makers algorithms. To keep the market “liquid”. It’s why we see huge swings in Tesla. There are no shares. + +We also see huge swings in the morning, afternoon or other random times in the entire market. It shoots straight up, why? It’s dipping too low and too close to the danger zone which would trigger a high volume, rapid sell off bc a high volume of puts will begin to auto exercise (dumping the price lower and loss of paper collateral). Shoots straight down? Calls begin auto exercising through algos shooting the price higher and higher. Can’t have that bc there are no shares available to deliver. + +Some additional thoughts: + +Maybe the algos were turned up during the pandemic crash bc if it didn’t another world economic crash. It’s why it just keeps climbing and climbing? Using leverage through options to prop the stock market back up? + +We might see AH price moves based on close price in relation to “max pain”. Maybe they are covering or rebalancing/creating new options. + +Any outside influence/news/buying shares throws option algos off and huge swings start. We are seeing this more and more in individual stocks and across the market. The market becomes more sensitive with any outside influence and creates bigger and bigger swings. + +GME started it all. + +Ps. Check out the close price of Apple 😉 +Update: AAPL AH has moved around between $.20 with an AH volume of 5 million!!!! What?!?! + +Edit - additional thoughts + +Entire market run through option market. Lots option buyers just sell off options they bought at a profit and never intend to exercise. Quick easy money for swing trading at a low cost. + +Any stock in your account are fake shares - whether it’s GME or Netflix. GME started rising quickly when option traders/holders exercised their calls and real shares had to be found. It created a chain reaction, leading to more and more calls exercising and a trading frenzy of retail buyers buying shares (not options) moving the price to quickly. There was no hedge or strike prices for the MM to create downward pressure through the option chain and retail wasn’t selling only holding. + +It’s why options have been discouraged. It is very obvious they move GME down through the option. They don’t want us to have that power. The option chain now has $1 strike price increments. When was that added. Downward pressure at every $1! + +Are MM/hf creating options through borrowed shares? 100,000 equals 1,000 puts. This week’s option chain has between 100-200 puts at each strike from $130. + +My mind is going haywire making more and more connections. + +We should be looking at patterns through the option chain. Not charts, charts don’t matter. Options do. + +ITM calls should be exercised immediately, as soon as profitable (share cost plus premium)! +When you just plain don't make enough money and someone says "just get another job that pays more." Genius!!! Why didn't i think of that? Teach me your ways you money guru. + +/s + +Edit: thanks for the comments so far but I think the original point of the post has gotten overlooked. Minimum wage in my state (NC) is $7.25 an hour. I currently make a little over $13.00, which is much more than minimum wage. However, we are currently still in the middle of a pandemic and are going through an extremely high unemployment rate. It's not quite easy to find a great paying job right now. I work in healthcare and my hours have been cut. I'm bringing home $600-$700 every 2 weeks. No more than $1400 a month. My full pay wasn't great either. + +I don't want to go into how minimum wage should be enough to live off of, like its original intention, or that pretty much everyone in the service industry is underpayed. Just that sometimes a flippant statement like "get a better job" isn't quite as easy as it sounds. +Just look at paycalculator.com.au. The new version already shows the income percentile you're in so there's no need for more threads humble bragging. + +The percentile is a lot better measure than just average or median for distributions that don't fall on a bell curve. + +I realize this might cut down the number of posts in this by 90% but that's a burden I'm willing to accept. +So I have robinhood and at first I thought it was okay because I have my dividends in there and it had DRIP so I was set for the snowball effect. Should I keep robinhood for the dividends or transfer to fidelity or a brokerage you guys prefer? I’m new to dividends stocks and where to store them safety. The snowball effect interested me a lot so ofc I have to get part in it. +I have been investing through RobinHood on and off for the past two years. When RobinHood first came out, I would make trades just to make trades. Ended up down 5%. Not big of deal when I was investing $2,000. Now that I have paid close attention to stock market, I am curious to see if "Buy and Hold" during certain timings in the market is the best strategy for the common investor. By common investor, I mean taking 20%-40% of my savings and letting them grow. Looking to spend 1.5-2 years in the hold. +I mean, I’m not above using stamps and envelopes, but it’s 2019, I thought we were past this. Am I right to make a complaint? + +Edit: Wow, this really blew up, thanks for all the feedback. The common consensus seems to be that using my bank's auto-bill pay service is the best way to handle this situation. + +The company is Select Portfolio Servicing. May your mortgage never be sold to them. +> "The FBI has received complaints of scammers using the public's interest in COVID-19 vaccines to obtain personally identifiable information and monies through various schemes" + +Unfortunately with the vaccine rollout, scams related to it are about to increase. Inform your loved ones, especially the elderly, that they should *not* put stock in any offers to get the vaccine unless they come from a legitimate medical/vaccine provider. + +This includes the typical use of phishing, but may also take other forms. Tell them to never give out personal identifying information, especially credit/banking information and social security numbers. If they ever have any reservations, tell them to double check with a knowledgeable source. +My father is manic and experiencing a psychotic break and trying to access several of my accounts. + +He knows my social and could answer any security question. My question is do you all have a good list of sites that I should make sure he can’t access (like via 2 factor authentication)? I am not sure what sites I use nor which ones could potentially be dangerous. He already tried to log into my amazon account 10 times. + +I have frozen my credit and turned on two factor on my gmail, but I am concerned about the “forgot my password” feature or him calling and providing enough convincing information to provide a temporary password or something even if I have 2 factor set up. + +I am concerned he could just call and say he lost the phone I use for two factor, since he knows all other information about me. + +Sorry if this doesn’t make sense, we don’t know where he is and we are quite scared. +\[GAMESTOP CORP GAMESTOP ORD SHS CLASS A\] 0A6L LSE. Showing volume started on 5/18/21 + +[https://www.londonstockexchange.com/market-stock/0A6L/gamestop-corp/overview](https://www.londonstockexchange.com/market-stock/0A6L/gamestop-corp/overview) + +Screen shot below from TradingView + +https://preview.redd.it/jfpjsimipe271.png?width=2698&format=png&auto=webp&s=d93b9f8f7210eae987b9a482eb213e61d1b505b0 + +Other tickers appearing in EU u/einat73 raises GMEUSD found in FTX. Posting screen shot to raise awareness. Not sure why there would be a recent listing on LSE +Hello! I have been trying to transfer my PF account for 4 months now, 3 requests, 2 grievance and 4 tweet later I don't know what to do, hence posting here. + +All my transfer requests were rejected saying below reasons +1. Technical error, please resubmit again +2. Father name mismatch (for this I checked and name is correct in uan portal profile, as well as form 13 in both employer details) + +For grievance again, in both they replied there was a technical error, resubmit. Once they said technical error, apply offline. Now I'm fedup, why do they have online portal then, I don't want to go out in this covid time, don't want to visit EPFO and then give bribe there. So No help from grievance portal there. + +For tweets they never replied. There I even noticed that people have even gone to such extent that they are saying will it take them to jump from a building for EPFO to clear their claims. So I have no hope of solution from tweeting, so I'm headed to our reddit community now. + +Can someone please suggest what to do now, what I might be missing, I have pan and aadhar kyc approved, previous employer bank account kyc approved, current employer bank account kyc initiated, personal details are correct. What do you suggest? Should I resubmit the claim again and again till they accept(but it will bother the employers who have to repeatedly approve my claims), or apply offline(I'm worried for offline that they might just reject there also, and process is tedious offline). + +Edit: adding current status +1. Filed an RTI to ask for answers from EPFO +2. Added current employer salary account too, it enabled the attestation through current employer so applied again eith that. +3. Raised complaint on platforms like PMO India etc as few people here suggested. + +Will update once get update from either platform. It's weekend for now so. +Hi guys, + + +As the title says. Section 35a has been imposed on PMC bank. All my saving are with in this bank and as per message I received, I can't do anything for 6 months in that bank account. + +I tried to find useful info on net but wasn't able to... + + + +How serious is this? + + +Is my money safe? +Text translation: This is a warning from Americans. Do not trust this business with your money. They have done a lot of harm in America. They have committed fraud and say there are good. They are evil. +Hello all, + +I have a question. + +I’ve hear that a lot of profitable traders only risk 1-2% on every trade. My question is why so little? To better phrase the question, y cant they just risk like 10% of a much smaller account. + +For example if my account size is 100k and I risk $1000 (1%) isn’t that the same as trading a 10k account and risking $1000 (10%)? + +I understand if they don’t want to be subject to PDT or if they have multiple trades open but otherwise, why not just trade with $ amount in risk instead of a % amount? + +So my rollover retirement account is set up using the Boglehead method. And boy has it been tanking. Watching it drop 65,000 has been tough. I’m in my 50’s and have a little time before retirement but not that much. And this is the second huge drop I’ve gotten to watch in my lifetime. + +Anyone else currently having moments of panic or nausea watching this happen? (I know we all are) + +I’m leaving it sit, but is that smart? Is it time to get an advisor and change my strategy? + +I honestly believe the market will stay bad for awhile (a few years) +When scrolling on my T212 portfolio I noticed a button on the bottom I haven’t seen before called “Securities lending” after clicking it I saw a whooping 99% of my GME shares where lent out. And 80% of my Movie shares. On all other shares this was 0%. So I think they badly need every share. + +https://preview.redd.it/i6uamx1tcyj71.jpg?width=3103&format=pjpg&auto=webp&s=6a69b25df9afd2dd17b7425a37db92149cd6409a + +I’m super smooth, so don’t want to make to many conclusions, if I say something wrong, please correct me, and I’ll put it in the edit. + +There was some more info about the securities lending on their site. It said a few remarkable things: + +https://preview.redd.it/oeseaau1dyj71.jpg?width=1366&format=pjpg&auto=webp&s=4793035e11168dc5c98e3bdbb116eb36b72b7474 + +**“we require collateral in the form of US Treasury Bonds”** +Wow! This shows how much this is connected to the entire market. If its true, whenever I buy GME they will buy some US treasury bonds to cover their stock borrow. Meaning that whenever they run out of collateral, they have to sell their bonds and the whole US treasury bond market would collapse!? + +Collateral has to be 102% (If thats the case on T212, I probably think that will hold true for all brokers) maybe some wrinkled apes can calculate how much collateral they then have to hold, and compare that to the price of GME, and see at which price we can potentially see a squeeze? (not sure here) + +Also what a most apes already thought dividend wont necessarily cause a recall of all shares but: **"you’ll still receive a payment equivalent to the due dividend in the form of a manufactured payment"** not sure if the hedgies or broker will have to pay this. It will be a nice move to take some of that collateral, and the dividend we can put right back into buying moaaar. + +Finally a little sentence on the voting **“Voting rights CANNOT be exercised for lent out shares”** + +Well I assume our shares where lent out way before and during the voting, so probably the whole voting they setup was a fake shenanigan, and our votes where never counted. + +I’m pretty mad too, because if I buy a share on any of these platforms, and they use it to instantly short the same stock, they’re actively betting against me their customer, and I can’t even move the price with my buys. + +\_\_\_\_\_\_ + +**Edit 1:** about the voting rights, I went to look at the cached page before the voting occurred, and there was no mention of not being able to vote then with lent out shares. So they might have adjusted the rules, to prevent a vote from ever happening again. They just borrow all your shares, and you can't vote.LINK: [https://web.archive.org/web/20210127214836/https://helpcentre.trading212.com/hc/en-us/articles/360011023038-What-is-Share-Lending-](https://web.archive.org/web/20210127214836/https://helpcentre.trading212.com/hc/en-us/articles/360011023038-What-is-Share-Lending-) + +**Edit 2:** For those who want to see how many of their shares are lent out. You do that here: + +https://preview.redd.it/ocar6sujjyj71.jpg?width=1594&format=pjpg&auto=webp&s=838a25d1de5fa4e1c0ff315fa285d6e31fc5e25c + +**Edit 3**: If you're a UK ape you can avoid your shares being lend out by buying through your ISA account. I'm not from UK so don't know more about it, but look into it! + +**Edit 4:** If any wrinkled-one can shed some light on the treasury bond collateral that would be great! Seems huge to me, but maybe it isn't + +**Edit 5:** I read a lot of people saying, move to another broker. I know! But its not easy finding a good broker in Europe, they almost all practice this share borrowing. I just read on DeGiro that they themselves are responsible for the collateral!! [https://www.degiro.co.uk/about-degiro/safe-and-reliable](https://www.degiro.co.uk/about-degiro/safe-and-reliable) When the squeeze happens none of these brokers will be able to pay out, and we'll see a lot of brokers go bust or being bailed out. This will affect not only apes, but everyone having shares there.Etoro currently does not practice share lending, but they also practice a lot of shenanigans (closing positions without consent) and site froze up in januari. I just want my fkin shares without fckery!! +Forgive me if I am wrong, but isn't this America and isn't this a free market?? Isn't this what Wall Street does on a regular basis? They can short stocks with 140% float and retail can't exploit the opportunity? + +Get out of here... + +[Link to article](https://www.barrons.com/articles/gamestop-trading-could-be-systemically-wrong-massachusetts-state-regulator-says-51611705870) +Hey everyone, I've decided that instead of wasting money on bullshit overspending every month I'm going to take about $125/wk out of my paychecks and put that into some CryptoCurrencies. + +I also plan on throwing in $500 to get my portfolio started. I'm not looking to do any day trading or anything like that, so I'm looking for some good portfolio options with a 6+ month time frame (I understand calling 6 months long term is laughable but seems like an eternity in cryptos from what I've seen! And 6 months is a timeline I'm comfortable with this experimental method of saving money, lol) + +A few coins that I've seen that I like so far outside of BTC/ETH/LTC are STEEM, XEM, and GOLEM. I also like the concept of SIA but I'm not sure if I see long term growth on it because I'm not sure about the mass appeal of the service, or the profitability for hosts. + +Looking for some opinions on if I should just stick to ETH/BTC/LTC or have my investment within 10 or so coins and what % of my portfolio should be in each. I kind of like the idea of spreading it out to multiple coins for a greater chance of one taking off massively, but I'm not sure. + +Would like to also get some opinions on whether it may be better to set up an automatic daily buy vs weekly with how volatile the market can be! +Hey all! + +I'm pretty new to landlording. This is my first unit. It's a pretty nice unit, relatively speaking: top-floor, in-unit laundry, hardwood floors, brand new stainless-steel appliances, renovated bathrooms, balcony, parking, etc. + +It's been on Zillow for almost one month now and there's been quite of inquiries (20-30). I've done quite a few tours (10-15) that usually go really well. But like hardly any applicants (only one, but not a good fit)! + +Initially, the rent was $2400 (not including the two optional parking spots for $200), which is on the high end for the area, but not unreasonable I don't think for what is being offered. I've since lowered it to $2200 and it's generated more interest, but that's it. + +Does anything seem off? Am I too late in the season? Or is all this par for the course? +People who watch YouTube channels in this niche(Indian or not), do you want to offer suggestions for the same ? What kind of content do you think is missing in India ? What are some issues you see with existing Indian YouTubers in this niche ? + +Thanks ! +We all do mistakes, so i do not blame anyone for my LIC money back plan started 3 years back. + +Plan details:- + + Name :- New money back plan 820. + Sum Assured :- 500000. + HLY Premium :- 18580. + Commencing date :- 21-10-2018. + Duration :- 20 years. + Maturity date :- 21-10-2038. + +Till now i have paid 5 installments of rupees 18580/-, Total amount paid = 92900 + +My surrender value will be 30 % of (total amount paid - first year premium) + 16% of (vested bonus).which is = 16722 + 5760 = 22482. + +I want to analyze and decide what is best ? weather to surrender the LIC plan ? or continue, so i have calculated the total returns that i can get on maturity date 21-10-2038. + +If i continue the LIC: + +Plan is something like this, i need to pay 37160 premium yearly for first 15 years and policy matures on 20th year. I will get 20% of Sum assured every 5 year 3 times and rest on maturity, so + + on oct 2023 - 1L + on oct 2028 - 1L + on oct 2033 - 1L + on oct 3028 - 6L (Maturity and bonus) + ---------------- + total - 9L + +If i invest those 1L payout then it will account for 8.37L by the time of maturity. + + 1L lumpsum for rest 15 years with 10% returns = 417000 + 1L lumpsum for rest 10 years with 10% returns = 259000 + 1L lumpsum for rest 5 years with 10% returns = 161000 + +So i will get 8.37L + 6L maturity bonus i,e 14.37L including total amount paid 18580 \* 2 \* 15 = 5.5L. + +If i surrender now and start sip of premium amount then:- + +* 22K lumpsum of surrender value for next 17 years with 10% returns = 1.1L. +* Then 3100 re sip for next 12 years :- 8.64L (only 12 years, same as LIC premium) +* 8.64L lumpsum for next 5 years with 10% returns will be 13.9L. + +so my total amount will be 1.1L + 13.9L = 15L. + +not much difference i can foresee, i could be wrong especially considering 10% returns always. how do you guys calculate these stuff ? + +PS: i will take term plan soon, so treating this LIC policy as pure investment and trying to correct it. + + +Edit: + +Thanks to u/shezadaa + +I calculated XIRR for both the case, (10% market returns) + +1. continue LIC and invest in-between payout :- XIRR of 9.65% +2. surrender now and invest rest/all in market :- XIRR of 10.49% + +this 0.85% diff is what 60K that i got above. + +putting 1L in-between payout to market is what contributing more in case 1. + +Excel link:- [https://www.dropbox.com/s/cs4fdzas1357oek/LIC\_surr\_or\_not\_xirr.xlsx?dl=0](https://www.dropbox.com/s/cs4fdzas1357oek/LIC_surr_or_not_xirr.xlsx?dl=0) +I personally don't, and believe that factors more subtle and more powerful than numbers are much more important for investment success. Obviously, numbers are useful, but I think they are over-emphasised. + +Inviting debate, discussion and a critique of my thought process. + +I have 4 simple reasons for my statement, from my own readings and thinking: + +&#x200B; + +**Numbers do not adequately capture the full picture/reality** + +Simply put, human senses are limited. So the information gathered by the brain is limited. That means humans will always have a limited view of reality, and whatever measures of reality they generate will also be limited. + +Numbers are a case in point. So at best, numbers can only make up a part of the investment decision-making process... because they can, at best, only understand a part of what is really happening. + +&#x200B; + +**Numbers do not capture the impact your decision-making will have on YOU** + +Best illustrated by an example. Let us say I screen companies using some traditional filters and pick one that looks decent. + +If it goes up and I record a big profit, I will always remember that. I will always be tempted to try that again... all my life. + +There is no number or numerical filter that captures this tendency. I cannot neatly measure and predict the degree to which this temptation will influence my future decisions. + +I can also not measure my ability to resist this temptation, whether short-term or long-term. + +But as you can see, it is very, very powerful and ever-present. It is much more influential in my thought process compared to almost any other factor because of the innate human tendency to try what has worked in the past. + +Investment is so random that every company's and industry's context/background keeps shifting, changing. That means every company has to be analysed from a fresh perspective every time. + +If I don't understand the implications a decision I take has on me, I'm ignoring the cyclical feedback loop that occurs every time I make a decision. + +&#x200B; + +**Numbers don't tell you what they are leaving out** + +Defining something means cutting it away. Separation is a necessary component of definition. + +But trying to tightly define something is very risky, particularly in a changeable field like investing because we don't exactly know what we are cutting out. That means we cannot understand the impact of what we are cutting out on our investments. + +For example, beta measures volatility of a stock. But it was only after value investors started talking about Beta's shortcomings that we could understand that it was seriously flawed. + +It does not remotely measure risk, but I doubt that many mainstream analysts properly understood that. Separating volatility from risk properly every time in the decision-making process is very slow and mentally tiring. + +&#x200B; + +**More difficult to detect underlying assumptions with numbers** + +Every single statement humans make will have underlying assumptions which make that statement possible. However, we usually do not have the time to coldly and rationally examine those assumptions. + +Examining those assumptions is important because they are much more powerful than the actual statements. Done correctly, the examination of assumptions will guide us much better than those statements themselves. + +If the assumptions are reasonable and stand up to scrutiny, we can be reasonably sure that we are on the right track. + +For example, companies are often valued in the mainstream by book value. + +However, there are very powerful hidden assumptions lying under that simple number. Once we start twisting and turning them under the microscope, some valuable knowledge is revealed. + +Assumption 1: Book value is a good measure of a company's worth. + +Assumption 2: Companies can sell their assets at stated book value if trouble arises. + +Examination: + +What if book value is not a good measure of a company's assets, or worth? + +It is a simple statement that the average investor relies on book value as a measure of a company's worth. Yet, in large part, the average investor's CAGR is not meaningful enough to increase his wealth drastically over the years, which is what every investor wants. + +So at least a part of that is caused by his reliance on book value. + +As for the second assumption, just try selling your used laptop on OLX. But before you do, just imagine that that laptop is part of a company's assets, and that the company's valuation is in part based on how much that laptop is valued at. + +So what would a typical CEO do? What are his incentives? + +His goal is to increase his company's value so that he gets paid more. Where do you think his incentives are leading him? + +Of course, to inflate the company's value by overstating that laptop's value. Obviously, when I try and sell it on OLX, it is going to go for far less. + +This entire mechanism is what results in some successful people only doing business with good people. Because it takes a lot of willpower to ignore perverse incentives, and not everybody can. + +Now if you want to cause some more mental pain to yourself, the entire paragraph above also has some implicit assumptions. For example, by asking the question of book value not being a good measure of a company's assets or worth, one would assume that book value is never a good measure. + +I'm sure that that is not the case. There are always exceptions, reality is stranger than fiction. + +Exceptions are powerful too. So we can logically deduce that at least in some exceptional situations, book value may of use. + +So by such thorough and mentally painstaking examination we can arrive at the conclusion that book value is just one numerical measure among many, is often not useful, but may be of use in exceptional situations. + +What those exceptional situations are, I do not know. But I would prefer not discarding variables so easily either - nobody knows everything. + +&#x200B; + +**Conclusion** + +Now we can examine the average investor's decision-making style. + +Most investors conduct some analysis of their own based on notions such as book value, mistaking it for fundamental analysis. Of course, it is based mostly on numbers and unexamined assumptions. + +Then they look at the supposed experts. These supposed experts also rely on increasingly niche and arcane numbers and measures, which I'm not sure correlate perfectly with reality. + +Smarter investors fall for this trap too. The higher the abstraction capacity of the individual, the more complex the numbers get. + +But the medium of analysis, which is numerical, never changes. Numbers don't become supplementary, they become the prism through which every investment is viewed. + +Then the investor proceeds to make his decision. But his decision is often faulty because it is based on extremely weak foundations. + +In that sense, I would say this is why investing is so tough. Everything is based upon layers and layers of information/perception, and the investor has to make sure to peel as many layers as possible and know just how important each layer is to that particular situation. + +Unless the investor knows that, it will not be a good investment decision. More importantly, his future decision-making will be compromised, priming him for further losses. + +Here is an old and famous quote, which is actually misquoted: + +*"Jack of all trades, master of none."* + +The full quote is "*Jack of all trades, master of none, but oftentimes better than a master of one."* + +Analogically speaking, the average investor will be better served by not relying only on numbers, or else he/she, even after prolonged and excellent effort, will just be a master of one. + +Please critique. +Now that market is falling, it's probably a good time to go on ~~Shopping~~ Investment free. So what's that your one stock / stocks which you were eying to buy but were waiting for prices to fall. + +&#x200B; + +&#x200B; + +&#x200B; + +My list: + +* Asian Paints ( Because there is literally no big leader in the paint market.) +* Nestle ( Diversified. Hence safe for long term) +* Zydus Wellness ( Another FMCG catering a niche market which has potential to grow) +* Exide Industries ( With talk of EV going on , whats better to invest other than battery seg leader) +* Balaji Amines ( Chemical company with consistent investment in RD. ) +* L&T ( Well diversified. Can do invest and forget on this one) +* RVNL ( PSU, Has lot of new orders pending) +* Page Industries ( Jockey India supplier, brand value, licence got renewed upto 2040) +* HUL ( well diversified, invest and forget) +* Reliance. ( I trust Elder Ambani won't let his company value fall. ) +* Yes Bank ( Trading below 100. Slightly risky. Taking calculated risk here) +* Bluestar ( Because I don't think There will be fall in demand for ACs in India ) + +&#x200B; + +&#x200B; + +&#x200B; + +any suggestions are welcome. +As the title says, I don't think I'll live past 45. I have a medical issue that puts my life expectancy between 35-45 years. I have the disorder worse than others, so I'm not being pessimistic, just realistic. + +I don't know much about this stuff, but my understanding is that you can't touch your retirement funds until you're at least 61. I'm currently 18. + +Is there anything I should know/do? + +EDIT: Thanks for all the feedback, suggestions, and moderation; you guys are a great bunch! + +P.S. I intentionally left my medical stuff out of this for anonymity's sake (and mostly so it won't turn up in a google search), but if you want to know, just PM me, and I'd be happy to talk about it. +https://www.cnbc.com/2019/04/26/amazons-free-one-day-shipping-puts-the-pressure-on-walmart-target.html + +Amazon is making one-day shipping the standard for all Prime members. + +The move will put pressure on retailers like Walmart and Target to respond and spend more money to make sure they can meet shoppers' delivery expectations. + +Target and Walmart shares are tumbling Friday, following Amazon's announcement. +Hello Theta Gang, + +I just wanted to share my success story selling covered calls on Realty Income (O) for the past several months. In late May I purchased 100 shares of O for $5,436 immediately sold the June call, and ever since then I've been rolling out my call each month for a credit and getting paid that sweet monthly dividend, and have yet to be assigned early. + +&#x200B; + +* **Calls sold** + * June 19th $55 strike for $180 credit + * Rolled into July for $60 credit + * Rolled into August for $160 credit + * Rolled into September for $24 credit + +**Total premium - $424** + +**Total dividends - $70.14** + +**Current return on investment is 9%** +As /r/FatFIRE crosses the 100,000 member mark, we would like to take a moment to recap the changes that have taken place in recent months, and give you an opportunity to post questions and provide feedback. + +Growth has been rapid, and we have essentially doubled our traffic over the past year. As /r/FatFIRE has expanded, we have made several changes to how the sub is run: + +&#x200B; + +**1.) Verification –** Thanks to the inestimable /u/regoapps, we have instituted programs to verify both member posts and accounts on this sub. This has allowed our members to engage with a post or another member with a high level of confidence. + +Verified members receive a CSS flair, while verified posts are granted a ‘Verified’ tag that can only be awarded by mods. Verification can take a variety of different forms, but typically account screenshots with identifying information redacted are considered sufficient. Tax returns, trust documents and other methods have also been used. Mods will also consider posting history and other factors. + +As always, our members are encouraged to be (politely) skeptical of anything they read on the internet in general and this sub in particular. + +&#x200B; + +**2.) New rules, and more active moderation –** We’ve been spending more time in the Mod Queue, weighing your reports and weeding out posts and comments as needed. Further rules have also been implemented, such as ‘No Solicitation’. Existing rules have been enforced more stringently. + +As mods, we rely on your reports to help us identify and deal with issues, so please continue to make reports as appropriate and to provide context with those reports if available (Eg. "OP has posted this on multiple FI subs.") + +We have attempted to make removals on a ‘firm but fair’ basis. We are not here to police opinions, but we do want to maintain a respectful and positive atmosphere. Removals and bans can be discussed (again, politely) after the fact by either comment-reply or modmail. + +&#x200B; + +**3.) Adjustments to automod –** Given the increased number of members, we have adjusted the threshold used to determine when posts are automatically removed. This was designed to prevent popular but controversial posts from being removed automatically, and seems to have worked well when combined with active moderation. + +We also instituted a minimum karma threshold for new comments to reduce the amount of trolling and solicitation. Auto-removed comments are eventually reviewed (and typically approved) by mods, but we continue to catch enough spam, trolling and solicitation to make the system worthwhile. + +&#x200B; + +**4.) New welcome message –** We recently introduced a welcome message to new members to explain the auto-mod system, and reasons why posts are frequently removed. We continue to welcome new members, but we encourage them to read in to the sub first and to focus their efforts on contributions that will be of particular value to FatFIRE in particular, rather than FIRE in general. + +&#x200B; + +**To Sum Up:** + +We’ve taken new steps to improve the sub, though we recognize there is still work to be done. We hope you’ll take a moment to weigh in on the current state of /r/FatFIRE or to pose a question. We appreciate constructive feedback, and so we ask that you include suggestions for both what we should sustain as well as what can be improved. + +Thank you for your contributions, and good luck on your journey. +Hello everyone, I'd like to give a huge thank you to everyone for the information and advice that is constantly flowing out of this sub. I just yesterday closed on my first duplex that I will be owner occupying and I learned a ton about the process from this group, so thanks everyone! I've inherited a tenant on both sides, and I'm hoping to leverage experience in this group to find the best way to start off my relationship with them. Unfortunately I do have to give one tenant a notice of non-renewal because I need to live there, but with the other tenant I do plan on hopefully keeping them there. Any advice, tips, or must-do's would be appreciated! I'm also struggling to understand all of the logistics that go into acquiring a property such as transferring utilities, collecting rent, etc... Thanks again everyone! + +EDIT: Thanks for all the comments everyone, super helpful! I went and stopped by to introduce myself to the tenants yesterday and found that the ones I would've had to kick out are actually moving at the end of December, so everything's looking up! +This is not Part 2, [but continued from part 1 of Part 1](https://www.reddit.com/r/Superstonk/comments/owpfc3/will_the_real_gme_bbemg_please_stand_up_part_1/). Please continue this from part 1 (of Part 1). + +# Part 1: Finkle Is Einhorn (cont.) + +# 2.3.0 The Legion of Doom + +What about other institutional investors? + +Lets look at a few other investment institutions. + +In the same vein as BlackRock, here are Bank of America and State Street Corp: + +&#x200B; + +https://preview.redd.it/gcsepmrlh1f71.png?width=1225&format=png&auto=webp&s=f68da8656b20f4bb55875d8fa84c127fa2965fc3 + +# 2.3.1 Vanguard + +Vanguard was difficult. I found an SAI [here](https://www.vanguard.com/pub/Pdf/sai040.pdf) (Investment holdings start on page 34). Since the “owners” of Vanguard are the investors, a general idea of ownership may not be impossible to determine, but precisely how much any one corporation owns is difficult to figure out. This SAI report shows all investors of Vanguard funds that have greater than 5% investment in that fund. + +There are multiple classes of shares in each fund (Admiral class, Institutional Select class, etc. as seen in section 2.0), without any obvious listing of how many of each type exist. Figuring out how much of the total Vanguard any institution owns may be difficult, but with other resources it might be possible. What I have created in the database for Vanguard ownership is a guesstimate. The players are correct, but the sizes should not be considered at all accurate (though I did try a little). Because it only shows investors above 5% in any one fund, if an institution (or person) were to invest 4.99% in all funds they would own 4.99% of the entire company (half a trillion investment), making them possibly one of the largest holders, yet they would never show up in a report of ownership. So take the sizes and even the players with a grain of salt. At best it’s not completely *inaccurate* and potentially representative. Regardless it shows that institutional investment is very large, and by the same companies that have investment in the rest of the market (Megacorp). + +BlackRock is suspiciously absent from the stated Vanguard investors. You would think the largest investor in the world would be heavily invested in the second largest. It is certainly true in reverse. Vanguard has 8% of the institutional shares of [Blackrock](https://finance.yahoo.com/quote/BLK/holders?p=BLK). + +However, as I showed in the map above of BlackRock (BR) it shows Merrill Lynch owning 44% of BR as an insider institutional investor. Merrill Lynch is a wholly owned subsidiary of Bank of America. The Bank of America/Merrill Lynch combo is the largest broker/dealer for Vanguard funds (page 54), and ML owns a sizable portion of Vanguard (page 40). So there is a link back to BR through ML/BoA. Not that that is necessary. Every other company that invests in Vanguard heavily is also owned by Blackrock. E.g. [Charles Schwab](https://finance.yahoo.com/quote/SCHW/holders?p=SCHW) has Blackrock as its second highest institutional investor (Vanguard is the highest). + +To the best of my guesstimate ability, here is Vanguard: + +&#x200B; + +https://preview.redd.it/7x6zqsomh1f71.png?width=1225&format=png&auto=webp&s=cca835036e1a023761cbc78c6720f8052405f780 + +These few companies are not a comprehensive list. They are *all* the same. Every single one. Every investment firm in the world that is publicly traded, and I suspect every one that is private. + +# 2.3.2 The Bestest Company In The Whole Wide World + +Megacorp ownership dominates every corner of our human existence. + +It owns all the places you shop: + +&#x200B; + +https://preview.redd.it/qz4uks5nh1f71.png?width=935&format=png&auto=webp&s=4adfc2b98387dca18971bcf51e886e38664f4257 + +It owns the grocery stores, the food manufacturers and even the farms that grow the food: + +&#x200B; + +https://preview.redd.it/c78wz7xnh1f71.png?width=920&format=png&auto=webp&s=84a957000da25170431bfe4f0e754c849e07d568 + +It owns the construction companies that build houses and buildings, the raw materials harvesters and processors (lumber, mining, oil, etc.) that supply them, and the companies that sell them: + +&#x200B; + +https://preview.redd.it/vsq6l6eoh1f71.png?width=930&format=png&auto=webp&s=53e672cdd0baed532987b6a017d70637183d97a9 + +When all of the major investing corporations are really just one investment corporation and that one investment corporation owns the majority (or super mega majority in most cases) of the voting stock of all the companies in the world large enough to make a blip, who really decides what choices our favorite companies make? Who decides who is CEO? Even if Megacorp isn’t directly represented at a typical board meeting, as a 0.69% owner of your “own company” do you say “no” to the 98% owner that puts the “black” in BlackRock? (I’m looking at you [Mr. Fink](https://www.wallstreetzen.com/stocks/us/nyse/blk/ownership).) + +**BlackRock Inc** + +|Name|Hold|Shares|Value|Type| +|:-|:-|:-|:-|:-| +|Laurence Fink|0.69%|1,058,506|$917.58M|Insider| + +&#x200B; + +I'm not saying there's a conspiracy to say... control the whole entire economic world. I'm just providing evidence that supports the idea that if a group of people at the top of this mess wanted to, *they are all set up to do so*. Many of these investment firms and banks that make up Megacorp have been around for well over a century, some for [more than two centuries](https://www.oldest.org/structures/banks-usa/), owned by the same families that own them now (at least in part). (Compare the last four oldest banking institutions in that link to Megacorp). + +This investigation causes a few questions for me. Does someone (whatever "someone" means) own the entire world? If so, why? Is “greed” (in monetary terms) really applicable at that scale? It’s the entire planet; its resources, goods, services... everything looks black in the ownership map. What would be the motive behind such potential economic control of the entire world? And if its true that someone *already* owns everything, why the pretense? + +# 2.4 The Dogfight + +Does Megacorp mean there is no actual competition between say, Intel and AMD, or Big Five and REI, etc.? No, I do not think that is true at all. I think that all companies that “play ball” get to play ball. When a master owns many dogs, and he takes them out to play fetch, all the dogs chase after the ball when its thrown with everything in them, but only one brings it back. The dogs are in full competition at all times, vying for that extra treat, or pat on the head. No matter which dog gets the ball though, it always returns to the same master. + +In the same way, someone (person, group, family, group of families, Board of Supers, League of Extraordinary Gentlemen, whatthefuckever?!?) is making a buck off of (and potentially controlling???) every transaction in the world, from the bottom to top of the production chain in every industry. + +# 2.5 Monopolies Are Illegal, But Megaloogalopolies We Are Totally OK With + +With the massive shared ownership of Megacorp in mind, when I was trying to figure out Fidelity I came across this little morsel. According to the [Investment Company Act of 1940](https://www.law.cornell.edu/uscode/text/15/80a-20): + +>(c) **Prohibition on purchase of securities knowingly resulting in cross-ownership or circular ownership** +> +>**No registered investment company shall purchase any voting security if, to the knowledge of such registered company, cross-ownership or circular ownership exists, or after such acquisition will exist**, between such registered company and the issuer of such security. Cross-ownership shall be deemed to exist between two companies when each of such companies beneficially owns more than 3 per centum of the outstanding voting securities of the other company. **Circular ownership shall be deemed to exist between two companies if such companies are included within a group of three or more companies, each of which**— +> +>**(1)** +> +>beneficially owns more than 3 per centum of the outstanding voting securities of one or more other companies of the group; and +> +>**(2)** +> +>**has more than 3 per centum of its own outstanding voting securities beneficially owned by another company, or by each of two or more other companies, of the group.** + +Hmm. Well ain’t that a peach. + +# 3.0 Finkle Is Einhorn + +&#x200B; + +https://preview.redd.it/lbfzlufph1f71.png?width=408&format=png&auto=webp&s=9003bf400d7c01afaab0f3763707c4531122e3a2 + +# 3.0.1 Blackrock Is Citadel? + +**TL;DR for part 3.0.1**: BlackRock (The Big Long) is Citadel (The Big Short). They are two sides of the same Megacorp coin. One controls the longs, one controls the shorts, together they (and their incestuous siblings/clones/other doors to the same Megacorp company) control the entire market. + +Other than making a case for this statement, section 3.0.1 is not fundamental to the larger picture. + +\------------------------ + +In the light of an appreciation for Megacorp, is Citadel just one more door into the Megacorp building? Citadel is a whole slew of companies; each one locked up tighter than a drum. It really is a castle. Who do the walls of this castle protect? I don’t know. In trying to find out I feel like I’m trying to scratch an itch I can’t reach. + +Scouring the internet I have found a few documents that link Citadel with Megacorp, and thus with Blackrock. I have not found the smoking gun that proves Citadel is just another head of hydra (aka owned by Megacorp), but I have found intimate links of company and money management jointly by Megacorp and Citadel. + +I think its important to look into this relationship. If Citadel is really just another facade for Megacorp, then Megacorp may be ultimately responsible for covering the shorts. If Blackrock and all of the other institutional owners are responsible for covering the shorts through Megacorp and institutional ownership of Citadel, than their shares are not “the Whale”, and they are not waiting to “profit” from the MOASS. They could even be an active part of the effort to keep MOASS from happening, using their long position as leverage. If direct ownership is established, it may even be that their long shares will go directly to cover the shorts when MOASS finally happens, meaning there is zero (less than zero really) actual institutional ownership in GME. + +[This](https://reports.adviserinfo.sec.gov/reports/ADV/148826/PDF/148826.pdf)[ is a sheet for CITADEL ADVISORS LLC](https://reports.adviserinfo.sec.gov/reports/ADV/148826/PDF/148826.pdf) that details funds that they manage. There are numerous funds here. I will pick one of the larger ones to illustrate some connections (page 156 in the linked document). This is one of many similar funds in this document. + +&#x200B; + +* Fund name: [CITADEL MULTI-STRATEGY EQUITIES MASTER FUND LTD](https://privatefunddata.com/private-funds/citadel-multi-strategy-equities-master-fund-ltd/) +* Type: Hedge Fund +* Size of private fund: $66.7 billion. +* Approximate owned by Citadel: 1% +* Approximate owned by US citizens: 79% +* [Prime Brokers](https://www.investopedia.com/articles/professionals/110415/role-prime-broker.asp) of the private fund (*a prime broker manages the fund*): + +https://preview.redd.it/9s68srlqh1f71.png?width=411&format=png&auto=webp&s=d9f8895ba515806eeaa44ecd5071373ce29fafe7 + +* Custodians of the private fund (*custodian holds the assets*) + +https://preview.redd.it/innkdtjrh1f71.png?width=437&format=png&auto=webp&s=6af750b5d6c0ddb3ff59a62dcf8cbf35a96748b1 + +* Administrator of the fund (*other than Citadel*) + +https://preview.redd.it/w6iweiksh1f71.png?width=437&format=png&auto=webp&s=0b1ccf5aa5d64d5b711fdcfe244f4c8023ade4c6 + +This shows just one of the many funds like it that Citadel “manages”. It is completely owned by Megacorp. It is managed by Megacorp. It is held by Megacorp. And it is administrated by Megacorp. Included in this is Merrill Lynch (primary shareholder of BlackRock). Keep that in mind, I’ll get back to it. + +According to the FINRA profile for [Citadel Securities LLC](https://files.brokercheck.finra.org/firm/firm_116797.pdf) (page 5) their primary shareholder (75%+ ownership (which could be up to 100%)) is CSHC US LLC. There is no SEC report for CSHC US LLC, but there is an [LEI (legal entity identifier) report](https://lei.report/LEI/5493003L1TTLSPDRMU94). This shows (I believe) that CSHC US LLC is the big daddy Citadel parent company. + +(For more information about Citadel Securities see [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) by [u/attobit](https://www.reddit.com/user/attobit).) + +Looking up [CSHC US LLC](https://opencorpdata.com/lei/5493003L1TTLSPDRMU94) I find their main address is + + THE CORPORATION TRUST COMPANY + CORPORATION TRUST CENTER 1209 ORANGE ST + WILMINGTON DELAWARE 19801 + +Guess who else has that as a primary address: + +[BLACKROCK CAPITAL HOLDINGS, INC.](https://opencorpdata.com/lei/5493007UCDU4QX1ZZI35) and God alone knows how many other [Blackrock companies](https://opencorpdata.com/lei?q=corporation+trust+company+blackrock) and [other similar companies](https://opencorpdata.com/lei?q=corporation+trust+company). + +This is not proof of a connection. The Corporation Trust Company is the registered agent (legal representative) for *hundreds of thousands* of corporations. I wonder how many of them are owned by Megacorp. + +I am not providing evidence of anything other than a shared address of incorporation here. It does beg the question though, why are both of these companies incorporated at the same address? + +Due to very welcoming laws and lenient courts there are [many reasons](https://www.upcounsel.com/why-incorporate-in-delaware) to incorporate in Delaware; one of the biggest being the [privacy reasons](https://goremote.virtualpostmail.com/article/reasons-you-should-form-your-business-in-delaware). + +>Delaware LLCs are not required to list member names and addresses in their filings. Members and managers are only specified in the LLC’s operating agreement, which is private by nature. Therefore, ownership and management information is not recorded and available as public records. For asset holdings and protection, LLCs are generally the preferred way to go. Corporations can also be filed without listing shareholders, directors or officers on the public record if you were to make use of a third party incorporation service. However, every Delaware corporation is required to make a Franchise Tax payment every year and, in doing so, must list the names and addresses of the company’s directors and one officer. **Shareholders, however, do not need to be specified and therefore have privacy protection.** + +THE CORPORATION TRUST COMPANY is (I believe) the largest registered agent in the world. It is used ironically by those corporations that are the least trustworthy. Incorporating in Delaware allows a company to not disclose their ownership. So we know who owns Citadel, but we still have no way of knowing who owns the company that owns Citadel (CSHC US LLC) through this avenue. + +Looking at [this DD](https://www.reddit.com/r/Superstonk/comments/ns7k6q/could_gamestops_liftoff_unravel_corporate_junk/?utm_source=share&utm_medium=web2x&context=3) by [u/Get-It-Got](https://www.reddit.com/user/Get-It-Got) they look at shared interests between Blackrock and Citadel using [whalewidom.com](https://whalewisdom.com/). They say: + +>“Something curious about Blackrock ... you really have to dig deep to find anything other than long share positions. In fact, not a single one of their largest positions in $$$$ is in options. Take look: [https://whalewisdom.com/filer/blackrock-inc#tabholdings\_tab\_link](https://whalewisdom.com/filer/blackrock-inc#tabholdings_tab_link) +> +>Citadel, on the other hand, nothing but options as far as the eye can see. They love the shit (probably because it's easy to run complex shenanigans with derivatives). +> +>**It's almost like Blackrock and Citadel have this arrangement ... Blackrock buys and holds the shares then lends them to Citadel so they can short them, rehypothicate them, do all kinds of fuckery in options**, etc. to fuck over retail investors. Blackrock has Citadel by the balls, Citadel has retail investors by the balls, ya-da-ya-da-ya-da.” + +This also does not prove Citadel is Megacorp, or that Citadel and Blackrock are two sides of the same coin, *but it is evidence of that.* + +[u/gfountyyc](https://www.reddit.com/user/gfountyyc) was looking into a [BofA Citadel connection](https://www.reddit.com/r/Superstonk/comments/nm1d65/bank_of_america_and_the_citadel_connection/) and found a few tidbits of interest. They link to a [Statement of Financial Condition 12/31/2020](https://sec.report/Document/0001616344-21-000004/CDRG_StmtFinCndtn2020.pdf). On page 8 that statement says: + +>**Credit Risk** +> +>Credit risk is the risk of losses due to the failure of a counterparty to perform according to the terms of a contract. Since the Company does not clear all of its own securities transactions, it has established accounts with other financial institutions for this purpose. This can, and often does, result in a concentration of credit risk with one or more of these institutions. **A substantial portion of the Company's options, clearing and financing activities are with a Bank of America Merrill Lynell subsidiary ("BAML")**. These positions are recorded al fair value under securities owned on the statement of financial condition. **This results in a concentration of operational and credit risks with BAML.** + +This shows a clear financial link and possible shared responsibility for naked shorting between BofA and Citadel. Given the link between Blackrock and ML (BofA), and certainly a link between Megacorp and Citadel through BofA at the least, it seems that there is evidence that Blackrock and the rest of the long institutional (Megacorp) positions in GME are fiscally linked to Citadel’s shorts. + +As for Kenny Griffin; he is just the face on the door of Citadel. I don’t think that he is anything more than a Megacorp hire. He is doing the short selling he is told to do by that singular, market controlling entity. Any focus on Kenny, while fun, is a red herring. + +# 3.0.2 Apes Is GameStop + +What does the ownership map of GME look like? + +Here is the map according to wallstreetzen.com. Note that instead of white for Retail and gray for Insider I have made Retail light red, and Insider red; because its my program and I can do what I want to: + +&#x200B; + +https://preview.redd.it/i14t9nwth1f71.png?width=400&format=png&auto=webp&s=4e1b6f06bac6e34d7d47a55554dfcfabc7172205 + +However, I do not think this is the real ownership. + +I think that Megacorp owns Citadel, and I think that Apes own several times the entirety of the “available” stock. If I assume that the total shares sold (and bought by Retail) is the 21% listed on public databases plus two times more than the total legal shares sold (\~225M total shares and \~180M total Ape shares) and that Megacorp shares are going to cover the shorts, then the real GME ownership looks like this: + +&#x200B; + +https://preview.redd.it/8sn4iheuh1f71.png?width=450&format=png&auto=webp&s=a61ec4c5799c97dbe4eb2e966767f0ba359b0624 + +This would make GME unique (in all the world) in that it has no Megacorp ownership, meaning no leverage, meaning GME can do whatever the fuck they want. + +It also means we own it. + +**TL;DR AKA Key Takeaways:** + +&#x200B; + +1. There is only one company in the world. Its name is Megacorp. +2. Citadel is BlackRock, BlackRock is Citadel, Citadel is a Scam. +3. When [Marge calls](https://www.investopedia.com/terms/m/margincall.asp), there may very well be a fiscal responsibility between the institutional longs and the shorts. That means that in order to get the most juice from the squeeze, Apes will need to hold not only the float, but also all of the institutional long position as well (+30M shares); a total of about 50-60M shares. +4. We own GameStop + +This is Part 1 of a much longer, and quite frankly much more eye opening (than this part) report. Part 2 will be soon as it is nearly complete. Part 3 is going to take a while to finish, but I’m working on it. +I just got word that there will be a major marketing push today and Monday. They just got listed on CMC the other day, saw some nice growth in holder and the chart is still on a healthy upward climb. + +This is probably the only **legit** project that you will find on BSC DeFi. I will be straight to the point without any BS and will list everything that is relevant about them in a simple and structured way below. + +Basically, these guys are developing a bot to help users detect potential threats with BSC contracts, dev transfers, etc. Check out the White Paper for their prototype. + +**✔️ CMC Listing** [https://coinmarketcap.com/currencies/hoodrat/](https://coinmarketcap.com/currencies/hoodrat/) + +**✔️ AMA’s:** + +[https://www.twitch.tv/videos/1024010287](https://www.twitch.tv/videos/1024010287) + +[https://www.twitch.tv/videos/1028379264](https://www.twitch.tv/videos/1028379264) + +**✔️** **White Paper:** [https://hoodrat.finance/wp-content/uploads/2021/05/HoodRat-WP-2021-General-1.pdf](https://hoodrat.finance/wp-content/uploads/2021/05/HoodRat-WP-2021-General-1.pdf) + +**✔️ Doxed Devs:** [**https://hoodrat.finance/team/**](https://hoodrat.finance/team/) + +**✔️ Audit:** [**https://solidity.finance/audits/Hoodrat/**](https://solidity.finance/audits/Hoodrat/) + +**✔️ Chart:** [**https://charts.bogged.finance/?token=0xb54A58cdC7d3fEFd93EA4454E0C1A23Da8bEdC6f**](https://charts.bogged.finance/?token=0xb54A58cdC7d3fEFd93EA4454E0C1A23Da8bEdC6f) + +**✔️ Contract:** [**https://bscscan.com/token/0xb54a58cdc7d3fefd93ea4454e0c1a23da8bedc6f**](https://bscscan.com/token/0xb54a58cdc7d3fefd93ea4454e0c1a23da8bedc6f) + +**✔️ Telegram:** [**https://t.me/HoodratOfficial**](https://t.me/HoodratOfficial) + +**✔️ Website:** [**https://hoodrat.finance/**](https://hoodrat.finance/) + +**✔️ Twitter:** [**https://twitter.com/FinanceHoodrat**](https://twitter.com/FinanceHoodrat) + +**✔️ CoinGecko Listing** + +**✔️ Stocktwits Listing** + +**✔️ Delta Listing** + +**✔️ Strategic Partners Onboarded: Moe Bradberry & Coby Pearson** +Don't be dumb like me to leave BTC on small exchanges rather keep it in wallet. + +After losing my savings on hotbit in the hack, I am not sure what to do nor I think I can restart. + +Had 2 bitcoin in and had left there then later turned it into btc3L + +In total I have lost over 80k, and I don't know what to do. I can't restart nor is there much left in it now + +I feel like I am at the end of the line.... fck I don't wanna cry and to make it worse, due to covid, i don't even have a job and finding one now is impossible. + +I don't know if it's against rules of this sub but if possible, I would be willing to do any online work. + +I have over 3 years of digital marketing experience and have also worked in crypto firm as marketer before. + +I feel ashamed to say but please upvote if you can... I am feeling really fcked up . + +I learned it hard way. I hope it helps someone here. +Returns in 2020 form PMS funds are shocking to say the least. + +Only 2 have given a non zero positive return. Most of them have seen severe drawdowns and have fared worse than the index too. I don’t get it, PMS have a wider scope of investments and can short the market too but still fare so poorly. + + +https://twitter.com/varinder_bansal/status/1286708385803415553?s=21 +Hello FP Sub: Seem to be doing well, but literally have no idea of anything finance-related. Have $700K sitting in my checking account currently, which I’ve been told is not normal. I assume the advice will be to max out the IRAs and 401K, but beyond that, what’s next? + +My Wife and I earn very well and we’re trying to get a clue as to how we should proceed. Our goal, of course, is to parlay this money into passive income streams through (? Investments?, funds?, what??) + +Thank you for the guidance! +So I saw a lot of "buy the dip posts" lately about Meta. These big drops can provide opportunities, and I like to look at it from a risk-reward standpoint. I wanted to dig in after the recent drop, see what it is it worth, and check whether it has enough Margin Of Safety. I've excluded in-depth analysis of the Metaverse since I still find it a very vague concept and their revenue from Reality labs is only 2%. + +Based on my assumptions its fair value is around 180$-210$. + +Don't get me wrong here, I think the business has a great moat and is a cashflow machine. There is no doubt there. However it is always it important to take into account the price. I will keep monitoring this company, for my standards it doesn't have enough Margin Of Safety. + +You can find the [write up here.](https://www.financialstockdata.com/meta_write_up) +How do you find good businesses and search for them? I want to find profitable small businesses that can reinvest with high rates of return but most of what I see is pharmaceuticals which I try to stay away from due to there large gamble on drug approval as well as moral reasons. +I'm new to this DD thing, I came into this GME saga barely knowing what the fuck was going on, so please bare with me. + +You may have seen my post about [801 and the NSCC-002](https://www.reddit.com/r/Superstonk/comments/n5idj9/801_and_nscc002/) the other day mentioned in the Daily, or my update on the [NSCC-002](https://www.reddit.com/r/Superstonk/comments/n6zgng/nsc002_delayed_for_longer_period_of_comment_and/) filing being postponed until June 21st. + +I'm going to make this as easy for apes to understand, and will be active in the comments section to inevitably fill in the gaps I am going to leave. + +# GME Is Not Being Held Down By Kenny G Right Now + +I know, we love the Kenny G memes, but in my mind it's not true. + +A lot of speculation has gone on in other DDs about why this is, so I'll defer to [the masterpieces](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/) of DD. + +From my personal knowledge of Wall Street, their past actions, and the delayed filings and joke of a hearing, it seems to me that Blackrock, the SEC, the DTC, FINRA, and Citadel are all working together to sort out this shit show for THEM. Most likely Citadel is working with the SEC and others to allow them to move assets, secure positions, and get things in the best possible shape for THEM before unwinding. In exchange, they may get lower fines, or immunity altogether from the DoJ when this comes to a head. + +The volume is low, apes are holding and buying here and there, and Blackrock/Market Makers are more or less the only ones moving GME, along with general trading Algos that may pick up on GME. Shorts may be borrowed by Blackrock or others to keep the price steady and closed (legitimately) by the end of the day. + +We have to truly understand that we ARE in a completely fradulent system. + +# So What's Next, NSCC-002 is delayed? + +It is becoming increasingly clear to me that all players from the financial industry side are playing for themselves. They are working on making sure the exposure is as limited as possible (or perhaps as profitable as possible) and contained. It is a known fact Citadel will go under, how do they go from there and how do they benefit and do their jobs the best. + +If we rule out that the SEC will do anything for investors, we can begin to see 2 timelines form. The apes and papa Cohen, and the lifting of the brakes from the DTC/SEC. + +# Papa Cohen Takes Over + +One way that the MOASS can start is by forcing the financial regulatory agencies to hop out of the car entirely. This can only be done with a large investor base and coordinated plays. The shareholder meeting on 6/9 seems to be that. If 1.) The total votes received exceeds the float count then it is clear and impervious evidence that naked shorting exists. Once that is established 2.) A reverse merger or a stock split can force the shorts to cover. There is a lot of reasons why a stock split causes this, but essentially your 10 shares may become 20, may become 30, may become 50; and this is the same for Shorts. Their 200 million shorts may become 1 billion... and that will most certainly force a margin call from a financial perspective. These shares will have to be returned as well, and FTDs in a stock split are deadly, lethal, and will have immediate effect. + +If a split is announced at 6/9, we would need effectively 0 regulations to pass for MOASS to start, and they would be FUCKED. + +# Cohen forgoes split, SEC/DTC wait for Regulations + +This is the other way MOASS may happen, with the DD already being everywhere I won't harp on it. + +Essentially, we wait for OCC-003 and OCC-004 (I think, numbers are hard for ape) and DTC-005 to pass, this insulates the crash, allows other members to keep their crash, and fucks citadel with the entire girth of ape cock. They would then be incentivized to release the brake, allow buying pressure to come back through the regular exchanges, and perhaps whales will feel comfortable hopping in as well. + +&#x200B; + +All in all, we are looking at another month or so of hodling, no target dates. Vote and Hodl. Always. + +&#x200B; + +# TL;DR: Papa Cohen has a chance to say fuck the SEC/DTC and start the rocket on his own, minimum date for that happening is the shareholder meeting. Otherwise we vote and hodl until OCC-003, 004 and DTC-005 are put into place. The system is fraudulent, Kenny G is not shorting, they're just letting the chess timer hit 0 before accepting loss. +So I'm gone for a couple of hours and now almost everything is down?! + +This is an outrage! You'd have to go back in time a week to see these prices! A WEEK! + +Do you have any idea how long it is going to take to regain this lost ground?! I can't believe this - I actually can't believe this. + +Crypto dropping inexplicably?! What's next?! Bald billionaires going to space for no reason?! Yeah right! + +How will we ever recover? We might have to wait another week for a new ATH! What the hell is happening to the world!? +On the back of fresh fears over this new COVID variant the markets are getting spooked. + +Asia had biggest slip in 2 months. + +UK has just opened and FTSE 100 is down 3%, lots of blue chips down a reasonable amount and the media is all over it. + +US market obviously not open at the moment but the global sentiment seems quite consistent. + +With so much institutional investment in crypto this could be an interesting few days/weeks for stocks and very likely crypto if large sums are pulled out. + +Just remember, if you believe in the project and there is no news to the negative against it then why sell. If you are over exposed consider sensible stop losses. + +Personally I'm in for the ride and have some FIAT ready to go if need be! + +Best wishes all, and remember I have no idea what I'm saying... +Guy is always here telling everyone how stupid they are and why they don't make money... as if he's been profitable being a bear in the largest bull market of our lifetimes. + +Be warned of who you take advice from. Every scumbag shark out there is going to eventually ask for a donation, as he has done. + +Everything you need to know to trade profitably is available for free on the internet. To do well in this game you must be passionate about it and want to learn and try new strategies. Most of all patience, this game is a marathon, not a race. + +For the record, when PLTR doesn't print $19 tomorrow he will likely have an excuse for why he was wrong. +My dad asks for $200-500 a month for rent, I'm saving up for a car, currently at 3k. I am gonna attend community college that'll run me about 10k. I got a secured CC with a $300 deposit to start my credit history and start building credit. I also want to open a roth IRA for retirement. Any tips on building credit, saving money, investing money, is college worth it? (studying computer science), and just general life advice. Thanks! +Would love some like minded folks to understand where I'm coming from. This YouTube video I saw yesterday has had my head spinning. + +This guy posted about "Why he chooses to live in a $50k a year apartment." + +It was not a jealous rage click. Especially when it's not a "Look at how much money I make. And I'm better than you" video that seems to be flooded on YouTube lately. + +I clicked because it sounded interesting. I was hoping for a video about features of the apartment. Why it's so expensive. Why he chose it. + +He spent 30 seconds on that. And all he mentioned was location, and hardwood flooring and his pool table. + +It then turned into a 12-15 minute lecture on "Don't be poor". + +This man had his parents help throughout all of college. Started working for *Google* at a young age, in some well paying tech position. He said that everyone needs to live at home with their parents. Swallow their pride and just do it until they have enough money saved up. + +Which I was letting slide. It was annoying that he was presenting this as something everyone can do. As I was very lucky to live with my parents again in the past couple years. After previously not being able to. Not everyone has that option. And I was miffed that he couldn't see past his own experiences. But moved on. Hoping he'd get back to the apartment. The thing stated in the title. + +No. He goes on to say the biggest barrier to living with your parents is the stigma. And people will think you're a loser. This man is so disconnected from how real conversations work that it hurts. + +Gems from the video: + +"Already have quite a few thousand dollars saved up after just a few months of living with your parents." + +"Anyone can travel. You just have to want it bad enough." + +"If you want to travel. Just live with your parents." + +"All world travellers live with their parents." + +"Doing laundry for one person is hard." + +"You owe it to your parents to take care of them in their old age." + +No shade to people who plan to take care of their parents. But he completely ignored abusive parents. Parents who disowned their children or kicked them out over being LGBT+ or atheist or not wanting kids or not agreeing to a certain marriage. + +Ignored that people may have their own families. And don't have the resources to spare. Or may not have the financial means to take care of their parents. Or may not be in great health themselves. Or simply just don't have the spoons. Or simply don't want to. + +Your parents are not entitled to your help in their old age. It is a nice thing if you can. But don't feel bad if you don't want to or want to but simply can't. + +He straight up ignored all of these. We all owe it to our parents. Regardless of the situation. + +More gems: + +"I get that $80,000 a year is a lot. That's a full time job said for some people." Said in a way that he clearly believes that 80k is some sort of lower standard for the average American + +I watched the video to the end. Hoping for a *tiny* shred of self awareness. Anything. Even just a token "I understand not everyone can do this." + +Nope. Nothing. So I had to say something. I commented this (which is so much less than everything I wanted to say). + +"I understand you mean well. But you presented your life as the standard for Americans. Your life is not the standard. So many people, fellow Americans. Do not have many of the opportunities you have, do not have good family members. Some people are abused by their parents. Some people are disowned for being LGBT+. Lots of people lost their safe and comfortable jobs in the '08 crash. Regardless of education or experience. Millions of American college graduates are underemployed or unemployed. It's incredibly hard to move to a better place with opportunity when you don't have the money in the first place, and a lot of companies don't want to take a chance on you when you don't have any experience and you're not already in the area. You seem to be a very critical thinker, but I fear you were not thinking about other people's situations. There are so many Americans struggling, and your video comes across as dismissive and naive." + +This man works for *google*. A company that at least tries to be a little forward thinking and progressive. And he's so uneducated of the situation that millions of Americans are in. For example. This absolutely telling study. + +"Nearly 80 percent of American workers (78 percent) say they're living paycheck to paycheck, according to a 2017 report by employment website CareerBuilder. " + +I was a little skeptical at a survey done by career builder, because I feel like it would be skewed due to the people usually on the site. I found their press release and they shared their survey methodology:  + +Survey Methodology +This survey was conducted online within the U.S. by Harris Poll on behalf of CareerBuilder among 2,369 hiring and human resource managers ages 18 and over (employed full-time, not self-employed, non-government) and 3,462 employees ages 18 and over (employed full-time, not self-employed, non-government) between May 24 and June 16, 2017 (percentages for some questions are based on a subset, based on their responses to certain questions). With pure probability samples of 2,369 and 3,462, one could say with a 95 percent probability that the overall results have sampling errors of +/- 2.01 and +/- 1.67 percentage points, respectively. Sampling error for data from sub-samples is higher and varies. + +Source: http://press.careerbuilder.com/2017-08-24-Living-Paycheck-to-Paycheck-is-a-Way-of-Life-for-Majority-of-U-S-Workers-According-to-New-CareerBuilder-Survey + + +So yea. That video had me very miffed. And was a bunch of "Don't be poor" coming from someone who doesn't understand that he's had situations that many Americans would consider themselves lucky to have. And I did not expect to be slammed with an ignorant person lacking *any* self awareness when I clicked on a simple video. + +Lesson learned. Rich people on YouTube suck. + + +Is this legal? Credit Karma is going to suspend that account, but should I contact that realtor and see what's going on? I'm sure I paid money for a credit check and this service is free. This seems EXTREMELY shady to me. +Buying a house incurs [closing costs](http://www.moving.com/tips/home-purchasing-closing-costs/), meaning costs that don't build equity, above and beyond your down payment. Some are fixed fees, others depend on the loan value or house price. While these vary by state, locality, lender and mortgage type, we can make general statements about US closing costs; these might be 2-5% of the purchase price. The buyer usually pays most of these, but sometimes not; more about that later. + +**Example closing costs** +Here's a general example of closing costs in no particular location. See [here](http://www.naic.org/documents/committees_c_cst_wg_reducing_closing_costs.pdf) for explanations of what these costs are. Fees are due at closing except as noted. (Please do **not** comment to tell us your specific costs are different than these examples; that's to be expected.) + +**Costs associated with house / financing** + +Description | Cost range | Notes +:--|:-:|:-- +Appraisal / application fee | ~$400 | Paid up front +Home inspection | ~$300+ | Paid up front; optional but critical +Loan Origination fee | ~$700 to 1% of loan | Varies by lender +Processing fees | varies | Aggregate of small fees +Mortgage insurance/"funding fee" | 0-2% of loan | Mandatory for VA, FHA, USDA loans +Discount points to reduce interest rate | 0-2% of loan | Optional + +**Costs associated with the sale transaction** + +Description | Cost range | Notes +:--|:-:|:-- +Title service / recording fees | ~$1000-2000 | Can shop around on these +Lender's title insurance | ~$400+ | Mandatory; owner's policy optional +Transfer taxes | ~0.1% to 1+% of price | Vary considerably by location, can be big or small +Attorney/etc fees | $0-500 | Required in some states + +**Prepaid future charges due at closing** + +Description | Cost range | Notes +:--|:-:|:-- +Prepaid interest | ~0.5% of mortgage | Covers first month's interest +Homeowner's insurance | ~$1000 | First year's cost +Property taxes | ~0.3-1.0+% of price | Initial escrow +HOA fees | varies | if you have them + +That was probably confusing; it's a confusing topic. To highlight key takeaways: + +- Many of these are fees for mandatory services. You can choose who provides them in some cases. + +- Some fees such as taxes and recording fees are set by law. They may also stipulate whether they are paid by buyer, seller, or both. + +- Some of the big upfront fees like discount points or mortgage insurance costs are based on choices you make. + +- You would eventually pay prepaid costs anyway so that's not extra cost to you; you just pay them at closing. + +- Buyers don't pay broker fees in the vast majority of cases; those come from the seller's proceeds. + +Here's a [calculator](https://smartasset.com/mortgage/closing-costs) you can use to get a more detailed breakdown for a specific scenario. + +**Managing these costs** What can you do to [minimize these costs](https://smartasset.com/mortgage/how-to-reduce-closing-costs)? Let's first start with how to reduce the costs, and then see about how to get someone else to pay for them. + +You can shop around for many of these services, especially mortgage services. Get estimates of origination fees and other charges to help you decide which of several lenders has the best overall cost package. Negotiate reductions and credits by getting mortgage companies to compete for your business. You can also shop around for title services, you will save some time if you get your realtor or lender to help you first identify the companies that usually have the best rates. + +You can make choices to reduce your up-front costs as well. For example, you may be offered the option to purchase discount points to reduce your mortgage rate. That would increase your up-front costs. In most cases, this is better for the lender than for you, but it depends on your specific situation. You can also avoid escrow / prepayment if you put down 20% and get the lender to agree to this in advance. In this case, you manage your own property tax and insurance payment. + +**Seller-paid (or lender-paid) closing costs** + +Getting someone else to [pay the closing costs](http://usmortgagecalculator.org/what-are-sellers-concessions-and-why-do-they-matter-when-buying-a-home/) seems ideal for many cash-challenged buyers. Many buyers want to avoid "throwing money away", which is one way to describe closing costs. This can be easier said than done, however. + +In seller's market, sellers have little motivation to help with closing costs via concessions, so you won't get much help there. In a buyer's market, you can write your offer to request that sellers provide a a fixed amount or percentage of the sale price back to you to help pay for closing costs. Since that reduces seller proceeds, they may insist on higher sell price to compensate for this, and the house would have to appraise at this higher sale price. + +There are other variations on this theme where you roll some closing costs into [amount financed](http://blog.credit.com/2013/11/how-to-finance-your-mortgage-closing-costs-71197/) with the lender's assistance; this can also be done for FHA mortgage insurance fees and VA funding fees. Rules for what is allowable are determined by lender regulations and government mortgage rules. + These tactics can let you buy a house for minimal up-front cash, but they reduce your equity and increase your payments, too. + +So, the hope is this gives you an idea what to expect. I've purchased a number of houses in various states at circa $300K prices, and I've typically paid something like $6000-8000 or so closing costs, without using discount points or seller concessions, but including prepaid escrow. + +Hope this helps! Big credit to /u/bhfroh who provided excellent input to this. Questions welcomed. + + +I've been craving owning a vacation home in an area that I can escape to when the weather changes or for when I just want a change of scenery. I get less excited very fast when I read about other people's experiences. And thinking about maintenance. If a hurricane comes, and I am a thousand miles away, etc. The guilt of not using it. Basically, more headaches than benefits. A potential money pit, too. + +So, I came up with another idea. Curious if anyone has done something similar. + +Since one of the benefits of owning is being able to keep your personal items there and having a car sitting in the garage for you is great, what if I were to rent a large climate controlled garage with storage. I could store all my stuff plus a car (e.g. SUV). Then I could AirBnb a house whenever I need it (weekly/monthly). I just go to my storage unit, put all the stuff I need in the car, and part it at the house while I'm here. Then store it away into the unit when I go back to my primary residence. Easy! Tell me I am crazy... +I’m 36 and married. Have a home 2 years into a 15 year mortgage. Fully funding my 401k and solo 401k and backdoor Roth IRA and wife’s TSP. Want to retire around 55. Should have 4-6m in retirement available at 67. Have brokerage and real estate investing at additional 80k per year that should grow to about 4-5m by 55 to live on until 67. We have a 529 for babies education and separate fidelity go brokerage account for babies future expenses (wedding) major life events. I have a term life policy for 5 million. + +I want to buy a weekend home which would put my total home mortgage (main + weekend) at 13% of my gross Income (with taxes and insurance and upkeep). + +I want to buy a boat which would put my total vehicle (liability) expenses at <4% of gross income. + +Everyone I speak to has only negative things to say about second homes and boats but I feel I can fairly comfortably afford it and still meet my goals. + +Very fortunate to have a very high annual family income. + +I have run the opportunity cost of buying a second home and boat vs investing and it is obviously a loss from a total wealth building perspective but I believed I can still FatFire by 55 and do so. + +Thought...? + +Please attack / advise my plan for holes or flaws... + +***** + +Amazing and helpful responses + +It seems that the bottom line is that if one is content renting and thinks they won’t use often than that is a no brainer financially. If one uses the place frequently and gets a ton of enjoyment they feel it is well worth trading some net worth later for enjoyment now. + +Waiting a little longer to adjust to life with first child seems right for sure. And the area we are looking is an hour and ten minutes from home. + +Responses- almost 7 figures. No pay raises assumed. Actually factoring possible pay reduction of about 5% every five years. I believe and agree the assumption of 8% is wishful thinking. I can either scale back to 8 million plan or work a little longer or part time if so. + +One thing I find interesting (no one discussing) is that mortgage rates are very low and there is no telling what they will be twenty years from now. If part of my fatFire plan is having two homes to split time in there is a major trade off both in enjoyment now and financially to waiting for twenty years to purchase. If we’re content with the two homes we have that’s two mortgage free places to spend time. If we are not, we can sell and put the equity towards a home in different location without having to draw as much from investments or finance at unknown future rates. +I don't know if this is the right place for this...I'm simply in pain for the sacrifices made and the lack recognition. + +My girlfriend works at a local hospital as a Rehabilitative nurse in the long term care wing. She has been employed at this facility for 5 years and has moved up in rank and pay due to tireless care and compassion for her residents. + +In May, the administration needed volunteers to work the Covid quarantine wing as they needed to separate the infected patients. This wing had 5-12 patients with one nurse to care for them all. +After discussing our fears and options for her to accept the role (and dangling bonuses and hazard pay in front of her) she took it with $1.50 extra per hour. For a total of $16.50 hr. + + +She worked the Covid unit for two months off and on as needed. As well as working other shifts. + +We have arrived at Xmas bonus time. Many CNA's work for agencies and float around to many employers, Brandie does not, she is an employee of the hospital. Word gets around that the secretaries, administrative employees found out their bonuses will be $750 due to the effort that these frontline heroes put forth in this unprecedented time. + +Brandie went to work on Friday anticipating the bonus letters for all employees on the floor. What she found was a release posted on a corkboard that in formed employees to choose from 2 options for their bonus: + +Option 1: A $20 gift card for a turkey + +Option 2: A T shirt with the hospital logo + +Brandie tested positive for Covid on Sun +So I came across a stock broker who's willing to trade from my account (& investment) with KYC under my name... Having been acquainted with his intraday trading skills, I am ready to take the risk of investment... The proceeds of profit will be split between us... + + +My question is: can I claim the profit amount I pay him as brokerage fees/consultancy fees, & can I claim tax relief on the net profit while filing tax return..? We are sharing in 60:40 ratio +So I came across a stock broker who's willing to trade from my account (& investment) with KYC under my name... Having been acquainted with his intraday trading skills, I am ready to take the risk of investment... The proceeds of profit will be split between us... + + +My question is: can I claim the profit amount I pay him as brokerage fees/consultancy fees, & can I claim tax relief on the net profit while filing tax return..? We are sharing in 60:40 ratio +Why is america so pissed about data localisation and pointing it as a important hurdle for trade relations to progress. While america banned huawei because it fears it may manipulate US users data. +After spending a fair amount of time scrolling through this feed It seems like many of people here are big salary earners in tech, engineering or other high paying fields. + + Ive read countless posts of 20 somethings with 6 figure investment accounts (which is awesome btw) however Im curious to know where all the "normal earning" FIRE folks are? Im taking about those people in the 30-60k range. + +Im currently making roughly 50k a year & saving about 15-18k a year but after seeing other people's huge savings rates I feel pretty small potatoes lol. + +We can still fire I suppose..... but its a longer, harder, & leaner grind for us common folk lol. Lets hear about your lower middle/middle class fire journeys. + +What do you do? & How far along are you on your Fire journey? +I recently diversified my bond holdings to include **Vanguard U.K. Government Bond Index Fund** Acc ( IE00B1S75374 ) in addition to my existing corporate bond holding ( **iShares Corporate Bond Index Fund (UK) D Acc** \- GB00B84DSW83 ) on the grounds that by adding UK Gov bonds the portfolio would carry less risk and have additional diversity. + +In 2021 to date the UK Gov bonds dropped 8%, but the corporate bonds dropped only 4% and I'm not so sure that I am achieving my goals. + +Why did the UK Gov bonds drop so much in the last 2 months? + + +* Age - 17 +* Income - At the moment 250 per month, will go up to 500 to 750 next year profit. +* Objective - Long term Stocks and shares ISA for retirement +* Risk tolerance - I'd like a safety net to rely on, but I don't mind a little bit of volatility for the chance of high returns.. +* Current holdings - None. +* Any other assets - A large lumpsum (won't disclose amount) when 25 for property investment, and about 15 to 20k when I turn 18. +* Time horizon - 40years +* Any big debts? - no +* Any other relevant financial information will be useful to give you a proper answer - I I am rather favourable to vangaurd as I've heard its ideal for long term investment. + +Was thinking to make 70& s&p 500 ETF, 10% emerging markets ETF, 20% in a global fund \[not sure which one which won't clash with my already large amount of US exposure\] +Hey Everyone + +I’ve been thinking about this but for about the last 10+yrs I’ve always found my new job through my personal network. Someone refers me based on working with me & I move around every 4-5yrs. + +This time, I’d like to try work thru a headhunter (some background - I’m a senior exec at a FAANG) since pretty much everyone I know is at places I’ve worked at or not that interested in working at. + +Do any of you have recommendations for good head hunting agencies in the tech space? +I recall one of my geography profs mentioning how sports teams virtually never help local cities’ economies like they say they do — and usually end up causing the city an overall loss. Is there any literature that confirms this? +I wired $20K to Kraken on December 22nd and a further $10K on January 2nd. The money has not been credited to my account. + +I opened a support ticket on Jan 3 and put in an escalation request on Jan 11. + +I have posted in the r/Kraken support thread twice. I have not received any response either on Reddit or in the support ticket. Tomorrow will be 4 weeks since the first transfer - 17 business days. My bank has indicated to me that the wires were successful on their end. + +Will you please upvote me to increase exposure and possibly help me get some traction as I am quite concerned. + + +EDIT: My money has now been credited to Kraken as of 6pm EST, Jan 18. I assume this is a result of the reddit exposure and not merely a coincidence. Thank you so much to everyone for your helpful upvotes, I really appreciate it! +Considering all the posts about this mess and the DTCC treating this as a stock split instead of a dividend as i clearly outlined in Gamestop's statement it is crucial that everyone affected takes action besides sharing screenshots and messages here in Superstonk. + +Report this to the responsible regulators, even if you believe they won't do nothing. The simple matter of fact is that by the letter of law they are responsible for this. **The other side manipulates the legislative and legal system predicated on a lack of action through the appropriate channels by us. They are counting on your demoralization and alienation for you to stop fighting through the appropriate channels. This is the reason why so much FUD focuses on corroding what little trust we have in due process.** + +**Dave Lauer and IEX showed us that we can win battles in the courts, even though these processes take an excruciatingly long time** and it's been minor victories at best. + +**Report this to Gamestop** [**investor relations**](https://gamestop.gcs-web.com/contact-us)**. Report this to** [**the SEC**](https://www.sec.gov/tcr)**. Report it to financial** [**state regulators**](https://www.consumerfinance.gov/ask-cfpb/how-do-i-find-my-states-bank-regulator-en-1637/)**. Report it to** [**the DoJ**](https://www.justice.gov/doj/webform/your-message-department-justice)**. We are not new to this and we've had to do this multiple times already.** + +Most important: **this has laid bare that we are not just fighting against Citadel here. We are fighting against the DTCC. We are fighting against the very brokers where many of us are still holding shares.** + +**I know many of you, just as me, still held some shares in brokers for your own private reasons or fears. The fact is this: WE CANNOT TRUST BROKERS. THE DTCC HAS LET THE MASK SLIP: THEY'RE COMPLICIT OR THE MAIN DRIVER BEHIND THIS.** + +You want to keep shares on brokers for ease of selling? Selling is as easy in Computershare. Just set a limit sell order. For non-US apes, [create an account in Wise](https://wise.com/) and associate it to CS if you wish to get your money immediately. + +There's plenty of information about all these steps and multiple guides to DRS your shares. + +I will share some FUD of my own: + +FEAR - **YOUR. SHARES. ARE. NOT. SAFE. WITH. BROKERS. Brokers work under the DTCC. The DTCC is fucking with us. You most likely don't even have real shares.** + +URGENCY - **DRS as fast as you can! It's the only way you can be sure you have shares.** + +DOUBT - You are taking on an insurmountable risk of not getting paid on your investment otherwise. Do you want to take that risk after such a long protracted war?? +I have some holdings in VOO, SPY, SCHD, but what else should I keep an eye out for. Also should I wait for the stock to drop more or just DCA starting now? +I'm 59, divorced, no kiddos, no mortgage, vehicles paid for, zero debt, live on SSD (about $20K gross yearly) as well as minimum mandatory distribution from beneficiary account. I have two managed retirement accounts (one is my own IRA and the other is an ABO beneficiary IRA) and a TDA account I dabble in myself. TDA account is **64% MSFT** ($87K+), 23% CLOV ($31K+), the remainder in pennies (I know, stupid). The unrealized gain for MSFT this year is almost $17K and still have the rest of the year. One plan is to hold until Spring of 2022 then possibly shave MSFT and diversify. OR, hold MSFT for life and just invest in other growth companies, ETFs, REITs, etc with divies. Personal goal in TDA account is $500 a month in divies but I \~ know what kind of investment that takes. Comments and opinions greatly appreciated. BTW, MSFT is in my managed accounts. Just not the % I have in TDA of course. +You are all kings here. + +You are the ones born to do the REAL WORK. + +While everyone sits comfortably behind their monitor doing exactly fuck all, YOU are putting your money where your mouth is, and taking the fight to financial terrorism. Right to their doorstep. + +Occupy Wall Street had them shitting their pants, but it fizzled because the average American is too god damn lazy to do anything but complain. + +They thought they had gotten away with it, but I have news for them, this collective of individual investors will prevail where others have failed. + +These investors are relentless in their pursuit of justice. The float will be locked. The synthetic shares will be exposed, and GameStop will become profitable. + +To the DD writers of legend, I salute you. You know who you are. + +Spirits remain unbroken, resolve intact. The MOASS will be had, and a system of corruption and oppression will be undone at the seams. + +Why? Because a bunch of people decided enough is enough, and ACTUALLY DID SOMETHING ABOUT IT. + +Cheers! + +Edit: They fear this sub because it's galvanizing. It terrifies them. +Over 5,460.96 BNB raised (\~ USD 3,074,520) 🚀 + +&#x200B; + +Self-sustaining vault utilizing ERC-31337 technology. Simply put - BNB on Steroids. + +&#x200B; + +Big brain dev’s found a way to utilize permanently locked liquidity from underneath a price floor and utilizes it to buy back, again and again, to recycle liquidity back to its holders. + +&#x200B; + +It leverages the Core (cvault finance) concept of a deflationary, permanently locked liquidity vault and uses its own ERC-31337 standard developed by the team to access the value to pump the token. + +&#x200B; + +$ROOT - its first LGE - Raised 5017 ETH and pumped 25x from LGE. + +&#x200B; + +$upUSDT - The last MGE - every participant made it out in profits + +&#x200B; + +$upBNB - …. VALHALLA - Currently 2.00 and 4000 holders in less than 24 hours + +&#x200B; + +Dev (ProfessorPonzo) is big-brained enough to create her own standard (ERC-31337). + +&#x200B; + +Dev (ProfessorPonzo) is rumored to be hot. + +&#x200B; + +🚨BUY ON PANCAKESWAP V2: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x9c3bbff333f4aeab60b3c060607b7c505ff30c82](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x9c3bbff333f4aeab60b3c060607b7c505ff30c82) + +&#x200B; + +💪Chart: [https://dex.guru/token/0x9c3bbff333f4aeab60b3c060607b7c505ff30c82-bsc](https://dex.guru/token/0x9c3bbff333f4aeab60b3c060607b7c505ff30c82-bsc) + +&#x200B; + +👉 Telegram: [https://t.me/rootkitfinance](https://t.me/rootkitfinance) + +&#x200B; + +👉 Medium: [https://rootkitfinance.medium.com](https://rootkitfinance.medium.com) + +&#x200B; + +👉 Twitter: [https://twitter.com/rootkitfinance](https://twitter.com/rootkitfinance) + +&#x200B; + +👉 Team site: [https://rootkit.finance](https://rootkit.finance) + +&#x200B; + +👉Morgan Freeman explains upBNB: [https://rootkit.finance/#/player](https://rootkit.finance/#/player) +Edit: mobile so format may be weird + +Loan amount: $7,250 +APR: 3.49% +Minimum payment: $263 +Actual payment: $300+accrued monthly interest +Projected payoff: Sept/Oct 2023 +It's a Honda and plan on driving it till it just won't anymore so like 10+ more years + +My girlfriend just paid off her car (huge $20k payment) and it's been making me anxious about mine. And I'm wondering if I should bite the bullet, and make a moderate sized payment of $2k now, to get down to $5k in loans or invest that $2k instead and just keep making the current monthly payments I currently am right now. Or just pay the whole damn thing off. Am also considering upping my deductible from $500 to $1k as that will help lower my insurance about ~$150/year. + +I have $15.7k in emergency fund (definitely more than 3 months) +$8k in regular bank savings ($2.5k is for my international trip next year (flights, housing taken care of, so this is fun money). +Money in Schwab/Webull for investing $9.3k. + +My monthly savings is currently: +$300 general savings account +$100 emergency +$150 Roth IRA + +Completely paying off the car frees up an additional $300/month for saving/investing +Here is the final world incase if you haven't watched the whole three hours. + +Cicilline : Today we had the opportunity to hear from the decision-makers at four of the most powerful companies in the world. This hearing has made one fact clear to me: these companies as they exist today have monopoly power. Some need to be broken up, all need to be properly regulated and held accountable. This subcommittee will next publish a report on the findings of our investigation. We will propose solutions for the problems before us. + + +This begs the question of whats next in Tech. + + +So, I said I would write a post on this, here it is. +The title was partly to get you interested and partly a little cheeky throwback to the bad old days when u/plucky26 went off meds… + +Anyhow, this is a longish post about FA and TA so scroll to the TLDR if reading isn’t your thing, or ignore it. Or if you know more about it than me put a comment in… + + +FA: +FA attempts to measure the intrinsic/inherent value of a stonk. You can do this a lot of ways but what your working out is whether the SP represents under/over value or fair value. A lot goes into FA, but if you want a basic cheat sheet then here it is: +- What does the company do? + +- Who runs the company? + +- What direction are they heading? + +- Where have they come from? + +- How do they stack up against the competition? + +- What are the other economic/social/political factors that impact their future? + + +These are the 6 basic questions you need to answer when trying to arrive at a conclusion. So, how do we get answers? + + +Reading mutha fuckers, reading…… + + +You need to read and understand the product. That’s the answer to question 1. What do these fucks actually do, does anyone care, doe they make tendies? + + +The answer to question 2 is probably the most undervalued thing in FA IMHO. +People, more than products, leave a legacy they transport form place to place. DO NOT DISREGARD THIS STEP… + + +If old mate is about to get bent over by the Feds for embezzlement, or his wife’s BF has filed a claim against him for watching them through the window, or if he has bankrupted the last 6 places he went then this will impact the SP once its out. + + +Working out where they are heading runs parallel to the SP more than you might think. The market, in a broader context, is future based. There isn’t a shortcut around this step, its reading, reading reading bitches…. + + +Although Stonk history tells you a story, its more useful for seeing what they have come up against in the past and how the SP reacted to it. What made it Dip, what made it rocket? What is the ROI? And more, all this historical shit gives you a template but not a guaranteed direction. + + +Question 5 and 6 are where you start to delve into the nuts and bolts. P/E ratio’s, cash runways, market index rankings per sector and all the snooze button shit that hides the details. Im not going to describe what all this is, DR Google is smarter than me and I’m a few stubbies in already so I might lose track of what the fuck I am saying. + + +Here is a great link https://www.investopedia.com/terms/f/fundamentalanalysis.asp + + +At the heart of FA is whether you believe the narrative the numbers and words tell you. + + +IMHO if your only interested in FA, then avoid micro caps. + + + 0.03c - 0.05c SP and a $300 -$500 SP is the same % difference but a world apart in the ability of a Stonk to fluctuate under their market cap and FA just doesn’t give you the type of info you need to accurately make a profit within those margins on micros. + +(Happy to be proven wrong on this if you think otherwise.) + + +That’s fucking great pal you might say, but fast forward to the part where it gets me on the rocket ship before it blasts off…. + + +Ok, well here is a clue. If you have read this far and your already impatient or scrolling down to the TLDR, FA might not be your particular brand of vodka. + + +So lets get into the occult, the witchcraft that is TA…. + + +TA: +Being technically anal is actually easier than you might think. + + +TA is about trends, historical data and volumes. Sure its about more shit than that but it also kind of isn’t. + + +Its basically saying this stonk already has a template and I can predict where it will go next if I understand that template. + + +When stonk go up, what does the chart look like? + + +When stonk go down, what does chart look like? + + +Yes, it involves funny squiggly lines and colors. + +You’ll also come across all sort of stuff like golden (showers) crosses, cups and handles, head and shoulders, descending triangles and other weird phrases but all they are really doing is describing a pattern. + +And patterns are predictable once you can see them. + +I am tempted to get super into these patterns, but this post is already long so here is a link: +https://www.investopedia.com/terms/t/technical-analysis-of-stocks-and-trends.asp#:~:text=Technical%20analysis%20is%20the%20study,data%2C%20including%20price%20and%20volume.&text=The%20two%20most%20common%20forms,needed%20to%20make%20a%20profit. + + +If you a commsex user, then send a tendie to chief Tom because as an avid reader of r/ASX_Bets he has clearly been up to the R&D spooks over there and told them to improve the graphs on the app. + +You can’t do the super technical stuff, but go backwards over any of last weeks rockets (CRO, HYD and some of the smaller cap ones) and go to the 1 day, 5 day and 1 month graphs respectively. + + +Click on the chart style indicator (the funny line that looks like the ‘Stonks only go up symbol’) and change it to candlesticks. This gives you indicative buy/sell data in pretty colors so its easier to work out. + + +Then look at the upper/lower indicators, you can change it to show you volume, price tracking lines, Bollinger etc.. + + +Have I lost you yet? That’s ok… + + +Zoom out the 3 month charts with the same settings and OMG, a pattern emerges…. + + +Zoom out again to 6 months, another pattern… + + +Zoom back in, heres that funny old pattern again… + + +But wait you say, this stonk keeps hitting a certain point on the graph, then those red columns get huge and it stays there or bounces down again. + + +Hello resistance line, hello seller volume, hello traders with pre determined exit points. These guys are not super interested in the FA or the intrinsic value of a long term hold, they are interested in making the 5/10/15% what-the-fuck-ever percent and bouncing out. + + +Hold the fuck on, when it hits a different level those green dildo’s start popping out in the bottom graph and it stays there for a bit then heads up again…. +Aloha support level… + + +Just go look at Zippy with the above parameters on commsex app, youll see exactly what short sellers, swing traders and the like see…. + + +Fair warning: going backwards on the app helps you to recognize patterns but to do the proper witchcraft TA you need the proper tools and programs + + +Yes matey you’ll be saying again, very interesting but how the fuck does this get me on the rocket ship before blast off? + + +Well IMHO, there are 3 ways to board the rocket. + + +1: You have a mate who tells you or they post it somewhere. + + +2: You jump on after blast off and play the gambling game, freaking out when it dips and missing all your sweet tendies or pretending diamond hands are the only way and watching it dump then losing all your tendies, or bag holding forever. Or you get lucky and pop out at a high, but TBH your really only gambling (someone please comment ‘Sir, this is a casino, I love that shit 😊) + + +3: You do both of these methods. + + +- FA alerts you to the stonk. You do the reading and think it’s a winner. + +-TA sets your entry point so you board before take off and exit before crash landing. + +- FA helps you determine whether it’s a good hold as its got the legs to break multiple resistance levels over time + +- TA helps you recognize the famous P&D and set an exit point to bail before you become the proud owner of a piece of shit. + + +Both methods have their role. + + +Yes you can use OBV and Fibbo numners to scan for potential like I do sometimes, but that’s a whole other spectrum of TA and its already past bedtime. + + +FA IMHO is better generally for Mid/Large cap because they are generally less volatile and FA has seasons where its super useful (Earnings months etc…) TA is better for bouncy bounce plays on micros and mid/large. + +But don’t go neglecting either at any time, TA tells you things the FA misses and vice versa. + + +You can always subscribe to a service that does this for you. Intellegent investor is good-ish, so is wallet investor. Motley fuckwit has some ok picks sometimes but gets the fuckin dick from me because they just don’t stop with the fucking propaganda…. + + +Disclosure: Generally the posts on here do ok, but you gotta know when to get off… +Unless your planning to holder forever like uncle Wazza, but that just doesn’t seem to be the vibe here… + + +For what its worth , (before you all tell me I don’t know what I’m talking about) I have posted about 3 stonks on here in the last few months. (admittedly I shit-post a lot too…) + + +AFG, which went up 18% 2 days after the post, then dumped and has dribbled ever since but if you’re a long holder you’ll do OK and… +EDIT: up another 3.19% after this post... + + +ICU, which is a micro and went up 15.5% the day after the post. Both were the result of FA/TA combination and both delivered tendies of the succulent variety. +EDIT: ICU went up a further 52% 2 days since posting then retraced a touch... + +OPY which went from an open of 3.14 up to a high of 4.80 the next day, a 52.8% raise then leveled out around the 3.70’s +EDIT: up another 13.7% since this post... + + +Sorry about the long post, I got finished washing the wifes BF’s car early and he let me have the WIFI password… + + + +TLDR: Gamble if you want or learn some shit and make tendies… + + + +Edit: some really good comments below. I have made far more $$ by choosing good Stonks and holding them over the years than I have ever made day trading. + +FA is my primary method for choosing and accounts for probably 75% of my decision making and TA fills the gaps to help maximize profit making. +If I buy some raw material for ₹8000, I am buying some value here + +Hence I'll pay GST on it say 5% + +My total cost is now ₹8,400 + +I will add some value to it + +Now I will sell it for ₹10,000 + +And consumer will pay 18% GST on it + +So consumer will pay me total of ₹11,800 + +But consumer is paying a tax on 10k which already includes cost price ₹8400 which had tax component ₹400 + +Then isn't consumer paying tax on tax? +We live in a rented flat where it is my parent's name on the lease. I have recently started paying the rent, however my parent's send me the money back. The rent is paid via Google Pay. Can I claim HRA on this? Currently no tds is being cut due to me declaring rent on my office papers. My ctc is over 5lpa but under 7lpa. +I'm risk adverse or should I say conservative. + +I feel at the respected 20%/30% down I'll always be rent cash flow positive regardless of typical recession. In other words, my loan payment will be substantially less than my collected rents. + +I understand I could be leveraging that money elsewhere but the risk just seems so high if the market turned. + +That's my issue with a cash out refinance, I'm essentially just adding more debt to leverage well more debt. + +I'm wondering if others had this line of thinking and ultimately what was the right choice? +So I’m having some guilt about evicting all the tenants of a property. + +I closing on a quad that I plan on BRRRRing. All 4 units need pretty severe rehabs. All 4 units are occupied. All 4 units are month to month. + +My plan is to submit 30 day notice to vacate the day after closing. Take whomever to court that does not want to leave and start my rehab. + +I did think I’d have any issue doing this until now. As I ask my attorney to draft up the notices I’m feeling guilt for the first time in my real estate investing journey. + +I’ve done BRRRRs for multi families but they are typically been either empty or with delinquent tenants. + +Thoughts? +Longtime member posting on throwaway account. On a path towards fatFire, 38m with over $5m net worth. In a senior role in Tech Management (Big Bank) in VHCOL (San Francisco) - been there only 18 months, got an unexpected approach from a very successful Series E Startup moving towards IPO (likely 2-3 years) who have a critical need for my skill set that just made me an offer. Wanted to get a gauge from this community on if I should change roles or not and what factors i should consider. I’m hoping to retire/semi-retire in 5 years, so expecting whatever I choose to be my last job before I retire. Wrestling a little with future comp that is quite certain (publicly listed big bank is well-managed and delivers solid earnings every quarter) vs. a startup that is doing extremely well but naturally has more uncertainty and more risk factors. + +Startup is about 7 years old, making significant margin/revenue and is leader in its market category by some distance. Grew revenue 20x over the last 30 months, expecting that to slow down to 10x over next 3 years. Last round valuation (over $5b) was at about 9 times revenue which I think was fairly conservative. My equity value modeling below is quite conservative - I’ve done startups before so I know the drill/risks. Startup expects to be ready to IPO by 2022 but may hold off based on conditions etc. + +&#x200B; + +* Current job - exact bonus/equity value vary a little based on company performance but these are average: + * Base $410k, Bonus $550k, Stock $650k - Total Comp \~ $1.6m +* Startup Opportunity: + * Base $400k, Bonus $100k, Equity 0.15% of total shares over 4 years (at valuation from last round equates to $7m/4 years) - Total Comp \~ $2.2m + +&#x200B; + +Startup's revenue grew 2x since last round to now, recent private market transactions peg the share value at double the last round's value, so my Total Comp would be \~$3.8m if I took that into account. + +&#x200B; + +In terms of challenging work - both are great roles. in terms of work environment/culture etc. my current job is pretty good (for a big company). Startup company’s culture is fantastic and highly regarded as great work environment (Glassdoor reviews, awards etc.). I had a concrete plan to keep up my saving + investing game at the current job for another 5 years and then retire with about $8-9m. This startup opportunity came out of nowhere but looks very compelling from every standpoint I can see. What am I missing, what else should I think about? +I'm asking the learned economists here. I'm an engineer, therefore I don't know any economic theory at all. + +I mean, the planet is finite... but I always see everyone fearing stagnation so much, let alone contraction. We have been enjoying the growth for ages, and I suppose that we find it normal because it always was like that, but it will eventually come to an end (it doesn't matter if it's 50 or 150 or 250 years, exponential growth has limits). + +Despite the nice National Geographic documentaries, nature manages to maintain a balance in a very harsh way. Animals always have more offspring than can survive, and some of them die (brutally, I'd say)... will we reach that? + +So, is it me or everyone knows that an economy has to grow to be "normal"? I haven't seen this explained anywhere... + +With the rise of retail trading, everybody and their mamas are considering themselves as "traders" if they made some money on a risky/gamble trade and they brag about it to everyone. So essentially when they meet a trader they will picture these folks instead of someone who is highly profitable year over year who has a fully developed system with excellent recording keeping that calculates a bunch of statistical numbers. + +How do you full-time traders feel about being grouped in with these people? What do you tell people when they ask you what you do for a living? +I'm at some sort of a weird cross road that I never felt like I would be at. There is a small part of me that feels like I should be doing more than just trading. + +I just feel like some people go to their jobs every day and they help build things, others sell things, others help other people. Obviously these tasks are for money and by no means charitable, but it feels like something is physically created, or done. Meanwhile on the stock market you are just buying virtual items at certain prices and selling them later at different prices. + +It just leaves me with a feeling of guilt like I should be doing more. Does anything else ever think like this or thought like this at some point. Does my thinking make sense? Am I crazy? + +I guess its a deep question(?) there is just a part of me that feels like I should be creating things (software engineer by trade). +HI! I'm a second year econ student and I'm considering learning a programming language (like Python or R) and I have a couple of questions. + +1) Is it early for me to start learning a programming language? + +2) In what ways does economics use programming languages? + +3) Which one should I start of with? + +Ty in advance. +To members who are fairly active in / familiary with this group - is it generally embodying the approaches and assumptions of just the neoclassical school, or are other schools of thought well represented here? +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). +As I warned you guys 100 times.... no moat, no barriers to entry, lots of competition, easy tech to replicate. + +\--- + +Brokerage says ZIP's rivals Afterpay ([APT](https://secure.selfwealth.com.au/Research/Z1P.AX#)), Klarna and Affirm are leading in terms of customers, while U.S. payments giant PayPal is also expected to launch its installments-based payment solution in Q4 + +While Quadpay has a higher U.S. revenue yield than Afterpay at 7.1%, expect it to decline to 6% by FY23 due to lower consumer fees and pressure on merchant fees from rising competition + +Citi, however, maintains price target at A$6.70 despite earnings downgrade due to peers trading at higher multiples; PT implies a discount of \~16% to stock's last close +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /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). +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I graduated from an ivy league law school in 2006 and joined a large West Coast law firm. At the time I was an eager and ambitious young associate, ready to put in the work and impress the partners. I was hungry and I did well. I received good projects, bonuses, travel opportunities, and good reviews. However, it didn’t take me long to realize that being a transactional lawyer basically sucks. Well, to put it more mildly, for me transactional law is not a fulfilling profession. Since then I’ve bounced around various in-house and law firm jobs, both in the US and Asia, looking for the right "fit". I’m 10 years in, and still looking. + +In the meantime, I think around 2011 or so, I discovered the whole FIRE/ERE subculture. My first taste was a news article about the Dividend Mantra guy that claimed you could retire on something like $300k. I then discovered MMM, Lacking Ambition, Mad Fientist and a few other good blogs that pushed FIRE principles. I enjoyed reading MMM in particular, railing against brainwashed consumers and traditional ideas of retirement, breaking things down with simple math and a straight-forward writing style. + +I applied FIRE principles to my life. I’ve spent countless hours managing my investments, tracking my spending, creating spreadsheets, and running models in FireCalc and CFireSim. I’ve also spent countless hours reading blogs by people who have made it to FIRE, dreaming about how awesome my life will be when I make it. I’ve fallen off the wagon a few times, and had a few investments go south, but in general I’ve stuck with the program, and I’m now much better off for it. I am way ahead of the game when it comes to retirement and managing my personal finances. I could probably pull the trigger now with a fairly high confidence level, especially if I leaned a bit more towards the LeanFIRE model (pun intended) or was willing to work part time. + +However, after focusing on FIRE for these past 5 or so years, I’m starting to wonder if I have just been using the pursuit of FIRE to distract myself from more fundamental problems in my life. I realize that FIRE is merely a means to an end, that end being freedom from having to give your time to others. However, I’m wondering if I treat FIRE more like a solution in and of itself. I suspect I may be subconsciously telling myself that as soon as I hit the magic number, everything will be awesome. I further suspect that the pursuit of FIRE may actually make things worse because it distracts me from confronting the real issues head on, and is basically a rationalization for prolonging a negative situation. + +My basic problem, which I think may be shared by many who fixate on FIRE, is that I’m unhappy with my present situation. I spend the majority of my waking hours doing shit that I don’t want to do. My “career” doesn’t add any meaning or purpose to my life. It’s just something I force myself to do every day for a paycheck. So how do I fix this problem? My answer so far has been to count my pennies and dream of the magical nirvana of financial independence. But isn’t this just a temporary distraction? How does sitting around daydreaming about being independently wealthy fix the underlying problem? FIRE won’t make me happy. It will just make me wealthy. And when I get there, the same problem that motivated me to get into FIRE will be waiting on the other side. What do I want to do with my life? What makes me happy? + +I don’t want to distract myself with spreadsheets any more. I want to tackle the problem head on. I want to find my purpose, and just let the money figure itself out. Thanks to FIRE principles I’m a bit richer and I’m not a brainwashed consumer, but FIRE isn’t the real answer to my problems. I’m an unhappy corporate lawyer who feels like his life doesn’t have meaning. What the fuck do I do? Where is the subreddit for finding meaning in life? Getting to FIRE is easy compared to figuring out what makes you happy. + +I’m on the verge of financial independence, maybe within the next 2-3 years. I have no hobbies, no side hustles, no activities that I’m particularly passionate about. I’m just a cog in the corporate machine who has spent the last ten years of his life pushing paper and collecting a paycheck. How do I break out of the machine and find something worth doing? + +TLDR: Pursuit of FIRE is just a distraction from the present problem that I’m unhappy with my situation. How do I find out what to do with my life now? +So Credit Karma was actually helpful in notifying me that I had a new Capitol One card that was opened a month ago. Of course it wasn't an alert. More of a,"Congratulations on your new card!" Funny since I had frozen all three credit reports a year earlier. Call Capitol One, notified them this was unauthorized. Call the three agencies and filed disputes. Then called Capitol One back to confirm account was canceled, and to inquire what was the address used, and how could it have been approved with the freezes in place. Their response? "Please send your request by fax." +For those wondering why there was a broad market sell off this afternoon, the Federal Reserve released the minutes of the December 14-15 FOMC meeting at 2:00pm ET. + +The transcript for the minutes can be found here - [The Fed - Monetary Policy: (federalreserve.gov)](https://www.federalreserve.gov/monetarypolicy/fomcminutes20211215.htm) + +If you read the minutes, there are discussions about Fed's balance sheet reduction and hints that interest rates may be raised sooner than initially believed by the market. + +Excerpt from minutes " Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated. Some participants also noted that it could be appropriate to begin to reduce the size of the Federal Reserve's balance sheet relatively soon after beginning to raise the federal funds rate. Some participants judged that a less accommodative future stance of policy would likely be warranted and that the Committee should convey a strong commitment to address elevated inflation pressures. " + +\[Edit\] + +And for those that have asked why the Fed does that they do - a brief explanation of monetary goals can be found on the Federal Reserve site here - [https://www.federalreserve.gov/monetarypolicy/monetary-policy-what-are-its-goals-how-does-it-work.htm](https://www.federalreserve.gov/monetarypolicy/monetary-policy-what-are-its-goals-how-does-it-work.htm) + +The Federal Reserve also updates their long run goals from time to time. You can read the current version here - [https://www.federalreserve.gov/monetarypolicy/files/FOMC\_LongerRunGoals.pdf](https://www.federalreserve.gov/monetarypolicy/files/FOMC_LongerRunGoals.pdf) +I believe everyone should buy a PPOR (everyone needs a place to live). But I don’t understand the appeal of investment properties: +- low yield (2-3% on average) +- the house (building) depreciates and needs repairs and maintenance all the time. These costs add up +- ongoing capital costs (10-20 years) (ie. major repairs, renovations etc). + +Much better and more simple investing you money into an ETF. Higher return and low costs. + +Thoughts? +Here is a partial list from the IRS of known, common scams: + +https://www.irs.gov/uac/Tax-Scams-Consumer-Alerts + +>Note that the IRS will never: 1) call to demand immediate payment, nor will the agency call about taxes owed without first having mailed you a bill; 2) demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe; 3) require you to use a specific payment method for your taxes, such as a prepaid debit card; 4) ask for credit or debit card numbers over the phone; or 5) threaten to bring in local police or other law-enforcement groups to have you arrested for not paying. + +The IRS also offers [these tips](https://www.irs.gov/uac/IRS-Urges-Public-to-Stay-Alert-for-Scam-Phone-Calls) on how to recognize, avoid, and report tax scammers. + +##If you get called by a scammer, consider collecting their stated name, phone number they are calling from, and number you are directed to call and reporting it to [TIGTA](https://www.treasury.gov/tigta/contact_report_scam.shtml) and/or the [Federal Trade Commission](https://www.ftccomplaintassistant.gov/GettingStarted?NextQID=216&Selected=t%20-%20crnt#crnt) (with "IRS Telephone Scam" in the notes). DO NOT GIVE OUT ANY PERSONAL INFORMATION. + +I highly recommend that those of us with elderly parents or family members share the word. The elderly are some of the most vulnerable when it comes to online or telephone scams. + +As a humorous anecdote, last night I received a call from an attempted phone scammer. Blah blah blah a recent judgment in a tax court means I owe $8,152.91 in back taxes that was due last year. As a favor to me, they were willing to settle for $6,000. What a bargain. +The utilities company made a mistake and added a 0 instead of a . when charging my credit card. For some reason the CC company didn't find anything wrong with a utilities charge of $41,000 even though my credit limit is less than that, and let the charge go through. Now both companies are blaming the other and saying they can't do anything about it. Utilities company is telling me to file a dispute with my cc provider, they're saying they can't take the charge off. Eventually the utilities company sent me a form that's not even meant for this type of issue, so I don't know if filling it out will even do anything. What are my options if this form doesn't get the issue resolved? It's already been a few weeks. + +Edit: Wow this really blew up, thanks for all of the helpful responses. I originally posted this for my dad thinking I'd get 2 or 3 replies. Since this is getting so much attention I thought I'd make some clarifications. + +The credit card is Southwest Airlines Rapid Rewards. Credit limit is around $30,000. My dad received a confirmation email from the utilities company but never a call or any confirmation from the CC company. He said he clicked to pay the full amount of 41.84, then when submitting he got an error and checked his email and saw the confirmation show up. When he went back to the page he saw that it was complete so didn't think any more about it. + +I think it's possible he hit 41084 instead of 41.84 by accident, but the charge should never have gone through. It was above his credit limit, he pays roughly the same amount every month, it was for a single home utilities... + +My dad had to call the CC and Utilities company back and forth like 5 times before the CC company finally sent him a dispute form (I mistakenly thought that it was the utilities company earlier). However, this form is a general "Credit not processed" form with no really relevant questions to what's going on. This was sent back in a few days ago and still waiting to see what will come of it. Others have mentioned RegZ, I don't think my dad brought it up so I don't know if that would have made a difference in how they handled it. + +Anyway here's the conf email and dispute form, I couldn't help but laugh when seeing how ridiculous the number is. http://imgur.com/i4JE790 +I'm currently sitting outside my house. I'm scared to go in. +How do I tell my partner I can't provide for her and my son. He's 6 months old. +I've spent the last hour crying in my car. I'm near £20k in debt and don't know how I'm going to make it to the end of the month let alone next month. +I had a serious drug habit. 17 years I never missed a day and I quit cold turkey 2 weeks ago. I feel like I've finally managed to turn a corner and this has just shattered any hope I had. +I don't know what to do. I can't stop crying. + +A week ago the future was so bright. I know I had a long hard road ahead, getting out of debt but I had hope. + + +Edit: I'm going to speak to my partner. I'll come back and reply to everyone as soon as I can. I'm feeling totally overwhelmed with emotion and struggling to keep up with everyone. + +Edit 2: I'm going to spend the day making a good CV and mass apply for everything. I live in a rural part of Scotland so a big issue is the travel costs for a min wage position often leaves very little left and there's really not much industry. It doesn't matter, if I have to travel hours each way I will. + +To everyone pointing out in my previous post and sending me horrible messages about holding down a job for a year, I have not been here full time, I started in late 2013 and have been on and off seasonally. I'm not trying to mislead people. + + Whilst I do of course appreciate the sympathy and kind words from others that's not the reason I made this post, I made this for advice. Again not for handouts, I haven't asked anyone for money so the people messaging me telling me I'm a scam and a piece of shit and go back on drugs etc etc you have missed the point. + +This really has been overwhelming. I'm not a social guy at all and never really post on any social media. Outside of my partner I don't have any friends, my folks both passed with covid last year. I hadn't realised how much I needed to hear a lot of this so thank you everyone so much, you are amazing. + + +Edit 3: I just wanted to post a wee update, I really want to thank everyone here for the support, my inbox has exploded and the amount of people who have offered help and advice is honestly unbelievable. + +I made a CV this morning, it was absolute garbage and after several rewrites with the help of you guys it now looks as good as it's going to get. I've applied to over 30 jobs today, one of which called me this afternoon and I have an interview tomorrow afternoon, I'm positive this wouldn't have happened without this help. + +I've also just spent the last hour or so on stepchange and going to call and speak to an advisor tomorrow as well as seeing about support from benefits until I get a job (fingers crossed tomorrow goes well) + +I can't thank you all enough. It probably sounds silly but I've been bottling up my emotions and hiding behind drugs my entire adult life to avoid my problems and to get this kind of response from the community is truly life changing. I never imagined anyone would give the time of day to someone like me. + +I can't put how I'm feeling into words, I just want to thank you all so much. +Ever since GME printed the highly anticipated Golden Cross on 16th August, the price has dropped from a high of $45.43 to roughly $26, where we sit today. This is a drop of approx 43%. + +It was expected they would do whatever they could to suppress the price, and invalidate the Cross. And needless to say, many here were frustrated with yet another failed technical indicator. Whatever they did, it worked. + +For the price to start tanking immediately after the cross printed, shows without a doubt, how highly manipulated this stock is. + +They manipulated it down so much, we are now on the cusp of printing a death cross, where the 50 day moving average drops below the 200 day moving average. It means absolutely nothing with the record low volumes we’ve seen in recent days and weeks. + +It usually takes many months to flip from golden to death cross, I’ve never seen one happen so soon on the charts. The Golden Cross was only 36 trading days ago. Price is far easier to manipulate with low volume, and they have it exactly where they want it to be. + +This is all in the name of trying to fuck with your mind and suppress buying. Now is the time to buy and DRS like never before at these discounted prices. + +While many of you are zen, I’ve been working my ass of to buy and DRS as much as I can. The harder we work now, the sooner we end this and never have to work again. + +TA/DR : the Golden Cross was organic and real, the Death Cross is as fake as the price. + +Fuck you Ken. +I know the popular notion on Investment in China, **right now**, is to "stay out" of China. + +China as a country has been an economical miracle in this century. They literally created a prosperous middle class. They have created the world's second largest economy from third world. + +According to the Hurun Global Rich List 2021, Greater China housed **the most billionaires worldwide in 2021**. By comparison, 696 billionaires resided in the United States. [source](https://www.statista.com/statistics/299513/billionaires-top-countries/#:~:text=According%20to%20the%20Hurun%20Global,resided%20in%20the%20United%20States) + +China has emerged as the world's largest manufacturer according to the World Bank. [source](https://www.everycrsreport.com/reports/RL33534.html#_Toc12530869) + +Economic reforms and trade and investment liberalization have helped transform China into a major trading power. Chinese merchandise exports rose from $14 billion in 1979 to $2.5 trillion in 2018, while merchandise imports grew from $18 billion to $2.1 trillion. China's rapidly growing trade flows have made it **an increasingly important (and often the largest) trading partner** for many countries. According to China, it was **the largest trading partner for 130 countries in 2013**. [source](https://www.everycrsreport.com/reports/RL33534.html#_Toc12530869) + +Today, the country is being rocked heavily. The Evergrande debt crisis is still unravelling (other major Chinese real estate companies are drowning in debt), there is shortage in many of the manufacturing items coming out of China (computer chips, precious metals etc.), they are under international pressures/(economic warfare?) from the USA and others, and now they are having energy blackouts throughout the country (?!). + +The country societal problems are rearing it's head - The ruling party restricting rights, and then the one child policy is beginning to show negative economic ramifications, in that, they have too much of an aging population. + +The ruling party are trying to fix all of their issues right now, with heavy debt restructuring revamping social programs. But right now it looks like China is being rocked with a lot of issues. + +China is eyeing expansion of power - making "friends" with the Taliban (and their $ trillion mineral wealth), African presence, war with Taiwan and seizure of Hong Kong. What will be the economic ramifications of those events to China, and to the world? Yet to be seen. + +Now, here is my question: + +Despite the above - **China is still an economic powerhouse on the world stage**. International **Investors need China to remain as such, as China is economically intertwined** with too many sectors in this world. + +I, personally, am still very bullish on China long term. But since it appears, that China is, honestly, under economic upheaval. + +Should someone who admires China's economic performance; + +Buy the dip now (while much of the equities are priced low) + +or + +does an intelligent assessment demand waiting until long term (1 year-ish) + +orshould one just avoid China as an investment as much as possible for as long as possible (at least until the dust settles with Hong Kong and Taiwan)? +Hi guys hope you all doing better than i am. + +Im new forex trading, i recently lost my job due to chronic neck and back pain issues and struggling a bit financially as my medication and doctors are really expensive. + +I recently opened opened a $100us synthetic account mostly trading indexes and im struggling with making a profit and growing the account to help with finances. + +Can anyone help assist with strategies or signals, manly to the fact the i can't work at the moment (1year now) and i also have a family to provide for and gov assistance mainly covers meds and for my doc assisting me with sever depression issues. Really going through some sh... + +Anybody taking time to read this, i thank you for your time. + +Marcel. +At the end of 2015. I found myself pregnant with my now 20 month old son. It was not planned, I was not in a position to rely on my son's father, and I've always been poor. I did have a full-time job, a beater car, and an affordable rental home but almost no cash or resources to spare in preparing for my first child. I thought I'd write up a post that may help other women (or fathers/couples!) in a similar situation and explain some of the things I did or learned along the way that really helped me. + + +1) I applied for pregnancy Medicaid. I received this immediately and it covered ALL of my routine ob/gyn visits as well as almost the entire labor and delivery. I had an emergency c-section and ended up staying in the hospital with my son for 9 days. Medicaid covered almost the entire bill; I ended up owing about $200 after the hospital stay but the hospital I delivered at had a financial program for low-income women (you have to ask!!) so my final out-of-pocket cost was $40. Absolutely amazing considering what it costs to have a baby and I was able to attend all appointments and never thought twice about having to see my doctor unexpectedly for issues along the way. All of my prescriptions during pregnancy and for three months afterwards, were absolutely free so ask your doctor to prescribe prenatal vitamins. You should take them anyway but buying them OTC is expensive so get them free from the pharmacy by telling your doctor you need a prescription because of cost. It does seem though that the quality/availability of care through Medicaid is very dependent on your geographical location as I've spoken with other mothers who did not have such an easy or good time with pregnancy Medicaid. Talk to your case manager when you sign up and ask about your best options. It really pays to do your own research as the system is usually really overwhelmed and your case manager only has so much time/effort/care they can give you. Also, sign up for WIC and SNAP right NOW. + + +2) Lean on your family and friends. Everyone loves a new baby! I was very, very fortunate in that I have an incredible, supportive family. My sister bought me so many gifts that I'm not sure I could of done it without her. My dad assembled so much baby equipment and furniture for me that it was basically a second job for him. Cousins, aunts, co-workers, friends all bought gifts. Do not be shy about accepting them or telling them exactly what you need if they ask. Which leads me to number 3. + + +3) Have a baby shower. If you don't have anyone close enough to you that will throw one for you, plan it yourself. It absolutely does not have to cost a ton of money. You can make cheap but good foods like cold pasta salad and hamburgers; just host it at your home or in a public park (weather permitting of course) to save on a party hall rental. I know this seems like a social sin to throw your own baby shower but you have to do what you have to do and most people won't care anyway. People will bring gifts so I would highly suggest creating a registry. When I was pregnant , babies r us was still around and they had a million options at a million price points. They even gave you a gift card worth 10% of the final amount of things bought off your registry a few months after your due date so search around online for the store offering the best options for deals near you. Even if you don't have a shower, create a registry at any store that offers incentives. Add the items you're going to purchase for yourself and then buy them off the registry to get the incentives. + + +4) STOCKPILE. I knew I would not be paid for any type of maternity leave so I began buying supplies I knew I'd need immediately to have them on hand when I was out of work after my son's birth. This GREATLY reduced my financial burden and the accompanying stress because I didn't have to worry about diapers, wipes, etc. Every month of my pregnancy, I bought at least one jumbo box of diapers and one jumbo box of wipes. I also suggest buying bulk sale items when you come across them and have the extra money. I have not bought diaper rash cream, baby lotion/shampoo/soap, or baby sunscreen since I was pregnant because I still have stockpiles of it and my son is now 20 months. I managed this by buying a ton of it whenever I came across a good sale. You will always end up using it and most products have a very long shelf-life. If an item(s) is very heavily discounted and you know for certain that you will need it but not for 9 months or so, I'd buy it as long as you can store it. It's also helpful to stock up on children's Tylenol and such because when you live alone, there is no one you can send to the store at 2 am when baby has a teething fever. + + +5) Buy what you can second-hand and then resell it when you no longer need it. Bassinets, pack-and-plays, clothes, etc. Browse thrift stores and places like Once Upon A Child very frequently because they get new items often and you have to be quick when something good comes in. Buy clothes in sizes 1-2 up when you come across good deals on them because you're going to need them soon anyway. I bought my son clothes all the way up until size 12 months when I was pregnant and never had to buy any the first year of his life. Also try Facebook marketplace, Craig's List, and friends with growing children. Do not worry about fancy equipment like electric bottle warmers or lace dresses, buy basic. If baby is clean, fed, and well looked after, it does not matter if his outfit is trendy or if you have a baby wipe warmer. I had never been around babies so I solicited the advice of a million different websites and almost every parent I came across. Gather information about what you'll really actually need and use vs. what you want or are not sure about. + + +6) Sign up for coupons. Companies love to throw coupons and the occasional free item at new parents. Sign up for formula coupons (I know for sure that both enfamil and similac offer them) even if you plan on breastfeeding. They'll bombard your mailbox with good sized samples and substantial coupons. Look online for rewards programs like the one Pampers offers, too. Sign up for all of it. This is questionably ethical but I also had my sister sign up for the same coupons using her address and my due date. I was able to use twice the amount of coupons this way. + +7) Find out about subsidized daycare. There may be a waiting list so see if you can get on it now and research the daycares that accept it. Research and apply for every single social program available BEFORE baby arrives. + +8) This last part is mostly for the women who are doing it alone like me. Do not be scared to ask for help whenever you need it. I was and I suffered. I look back now and wish I just would of spoken up. If you need a break (and you will) from baby, please reach out to someone you trust who can babysit for a few hours while you take a nap or do something for yourself. Do not burn yourself out because your mental health and parenting skills will suffer. Look into mommy groups, talk with other women online, see a therapist, whatever you need to do. I have found that most of the women in my situation are desperate for friends who understand what they go through so find some. Don't let anyone make you feel ashamed. Ever. These things happen, we do what we need to in order to survive, and we love our children. PM me if you need to talk. Pursue child support adamantly. The state will file for you if you receive assistance but you really have to stay on top of them to actually achieve anything. Also, don't rely too heavily on the child support. Think of it as extra cash because if you end up losing it or never getting it or whatever, it won't hurt your finances so badly. Caring for a baby alone is SO FUCKING HARD and if it ever gets easier, I'll be sure to let you know but it is possible to do it. + + +Edit: This is getting some attention so I wanted to add one more bit of advice. If you haven't put any effort into it before, it's now the time to construct a plan for financial longevity. For me personally, this meant education. Be honest with yourself about the amount of effort you are really willing and able to put in so that your plans/goals are achievable and grounded in reality. It's great to dream big but don't end up racking up debt in an attempt to get a BA in your childhood dream field of philosophy only to drop out after two semesters because life is hard (it is!) or eventually graduate with hefty loans with no job prospects. Don't put it off either. It's going to be really difficult but it's going to be difficult in our type of situation anyway so try to do something that will put you in a better earning position within a few years. +&#x200B; + +https://preview.redd.it/xya25adl12k61.png?width=2801&format=png&auto=webp&s=cd38d15d50baf3f67144c20916bbffc469632009 + +Hello again my fellow apes🦍! + +BOILERPLATE: I still know nothing, I can't do math good. PLEASE don't listen to me! Obligatory 🚀 + +WARNING: BY THE END OF THIS POST YOU MAY EXPERIENCE SYMPTOMS SUCH AS EUPHORIA OR PREMATURE 🚀 SYNDROME. THESE ARE SIDE EFFECTS OF 'CONFIRMATION BIAS'. TALK TO YOUR DOCTOR TO LEARN MORE. + +[Yesterday I put together this analysis and everyone really liked it](https://www.reddit.com/r/wallstreetbets/comments/lsn7ke/finra_data_now_shows_over_58_million_gme_stocks/?utm_source=share&utm_medium=web2x&context=3), so I have updated to include today’s data and some new data sources (availability and fees for shorts). Enjoy this *light* weekend reading 😉 + +\------------ + +**Part 1: FINRA** + +I put together the FINRA daily short data for the last week and you can see an increase in short volume over the last 6 days! [http://regsho.FINRA.org/regsho-Index.html](http://regsho.finra.org/regsho-Index.html) (@CultureCrypto sent me this link that had the data in a much more friendly fashion [https://www.FINRA.org/FINRA-data/short-sale-volume-daily](https://www.finra.org/finra-data/short-sale-volume-daily)) + +(Note: if you want to find this raw data, use the link above and you will need to go into each day's file (updated at 6pm daily) and search for GME, then copy the raw numbers. the top of the document will show you what each number corresponds to - this is not a user-friendly document) + +There was an additional **22 million** in short volume today, on top of the **33m yesterday and 12m Wednesday**. While this is a decrease in absolute shorts from yesterday, volume also decreased proportionally so it is still identical short volume to total volume ratio. + +The short volume as % of total daily volume, as published by FINRA, is at **57**% which is the same levels that we saw on Jan 27-29 when there was a concerted effort to bring down the share price. + +**CAVEATS:** + +* This data does not include NYSE, which is why total volume for today is 38M but actual total vol is 90 million. Thanks to u/tri_fire_engineer for bringing this up. He has posted the full data for yesterday down in the comments and it actually showed that **once NYSE data was included, Short Volume % went up from 56.8% to 57.6%. I think this shows that while the FINRA data is just a sample, its large enough to be considered representative of the full marke**t +* **daily data does NOT equate to % of total shares that are shorted,** as the same share could be shorted multiple time and there are other thing that lenders do which could be considered 'shorting' but is not what we would usually define. The best data is the monthly FINRA data but that only comes out once a month and that doesn't sound very fun. + +Here are my data tables, again all taken from the FINRA daily data. + +**Assumptions used:** + +GME Float Stock: 54,490,000 (this is more pessimistic than some reports of only 45M) + +GME Total Shares: 69,750,000 + +https://preview.redd.it/2lpie1wm12k61.png?width=807&format=png&auto=webp&s=450f545a8b2e00b3876d9efc406fba5032fa8a74 + +https://preview.redd.it/3jkeam6o12k61.png?width=807&format=png&auto=webp&s=a31ac92005edf92bc4ff3180840c376322d3f571 + +The FINRA site also now lists GME short % of float at **60.35%** ( [http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0) ) Thanks to u/wrek for sending this! + +https://preview.redd.it/jvvu6wat12k61.png?width=449&format=png&auto=webp&s=75eb1ee3899e6bead49611fd2fb68ad380ba4030 + +\---------- + +**Part 2: Borrowing Shares** + +Two other things to note are the decrease in available shorted shares and the increase in fees associated with shorting GME. + +The data available through iborrowdesk.com ([https://iborrowdesk.com/report/GME](https://iborrowdesk.com/report/GME) ). For those wondering about the site, check out the about page; the site uses text files from Interactive Broker’s FTP site ([https://iborrowdesk.com/about](https://iborrowdesk.com/about) ). + +Note: This data does not take into account all available shorts since it is just looking at Interactive Broker, but is a good gauge for how easy it is to get shorts and how much they cost. + +https://preview.redd.it/roplc5ly12k61.png?width=1198&format=png&auto=webp&s=f6a592938458cf6436e64ef2655b0bf193bfc6e9 + +Here we can see that the number of shares available for short selling has gone from **2 million (at 1.1% borrow rate) to only 450,000 at 9% borrow rate**! The last time there were less than 500,000 shares available to borrow and interest rates above 5% (as seen through this site) was on **Jan 27** when we saw some huge intraday price swings. + +\---------- + +**Part 3: ETFs** + +This data of course doesn't take into account the shorted shares in ETFs that have high stakes in GME. For example, 'EX AR TEE' is currently 175% shorted (16.1m shares on 9.2m) and GME as 9% of its portfolio. + +[https://www.etfchannel.com/symbol/xrt/](https://www.etfchannel.com/symbol/xrt/) + +Doing some quick math of \~$73M of GME at $117 = 620k shares of GME x 185% short position = \~1.1m GME shares shorted. + +https://preview.redd.it/449mbia022k61.png?width=624&format=png&auto=webp&s=945faea5d149afac977bcc480592b3bdbf4d5274 + +[https://www.etfchannel.com/article/202102/xrt-gme-mgni-ostk-large-outflows-detected-at-etf-xrt-gme-mgni-ostk-XRT02192021.htm/](https://www.etfchannel.com/article/202102/xrt-gme-mgni-ostk-large-outflows-detected-at-etf-xrt-gme-mgni-ostk-XRT02192021.htm/) + +They have even published an article singling out this ETF because there is a huge outflow of shares being dissolved (ie shorted). + +>“…we have detected an approximate $85.8 million dollar outflow -- that's a 12.0% decrease week over week (from 9,200,000 to 8,100,000).” + +If these numbers are true, then it is shorted closer to 199%! (16.1m shorts / 8.1m shares). + +NOTE: you cannot squeeze an ETF as it is just a collection of shares, the fund can increase and decrease the total number of shares it owns as the size of the fund grows / shrinks. this is why the article above was talking about an outflow of money from the ETF + +\---------- + +**TLDR:** + +THEY ARE DOING EVERYTHING THEY CAN TO STOP THIS ROCKET JUST LIKE LAST TIME, BUT **💎🙌** 💎 will prevail!!! + +**Stake:** shares in GME **🚀** **🚀** **🚀** + +**PS:** you guys! I’m truly honored by how popular you’ve made my posts! You are the best online anonymous friends an 🦍 could ever want! I’ll continue to post updates on this data next week :) + +\---------- + +Shoutouts to [u/RicFlairsCape](https://www.reddit.com/u/RicFlairsCape/) [u/Rrrrandle](https://www.reddit.com/u/Rrrrandle/) [u/CultureCrypto](https://www.reddit.com/u/CultureCrypto/) for some good suggestions on the last post, which I have incorporated. + +\---------- + +For those interested, here is some more info from FINRA about this data: + +"The Daily Short Sale Volume Files provide aggregated volume by security for all short sale trades executed and reported to a TRF, the ADF, or the ORF during normal market hours for public dissemination purposes (i.e., media-reported trades). There are individual files for the volume associated with trades reported to each TRF (FINRA/Nasdaq Chicago, FINRA/Nasdaq Carteret, FINRA/NYSE), the ADF, and the ORF. There is also a file entitled "Consolidated TRF/ADF Daily Short Sale Volume Files," which combines the volume for trades in exchange-listed securities reported to the TRFs and the ADF." + +&#x200B; + +https://preview.redd.it/xw8lu1l122k61.png?width=624&format=png&auto=webp&s=644af631e8387d60cb475e33e67fcd1c66018b8d +I'm asking this because, for reasons I'm not sure of, I seem to have gone through that period relatively unscathed without any major disruption. I realise many others were not so lucky. + +So when people bring up the 'big crash of 2008' I struggle to even remember what happened. I worked, paid the bills, carried on. I wasn't rich then and I'm not now. I just carried on through it. + +What happened to others during that time? + + +EDIT: Thank you for the replies. It's been a hugely eye opening thread. Hearing about how the crash literally affects people's parents' health, broke up marriages, how people are still living with the effects of 08 to this day. You realise how these things truly affect lives on a personal basis. + +I've learned a lot about the financial industry these last few months purely from joining in the meme stocks phenomenon and you could say these stories have helped solidify my view of that industry. Something has to change, I feel. + +Thanks all. +We've never really had much of a spending problem. In fact, we're often spending averse. We might eat out once or twice a month. The last two movies we've seen in theaters were The Force Awakens and Rogue One. When we need clothes we hit up Goodwill half-off Saturdays. We only travel twice a year to visit family. We generally just find free things to do for fun like going to parks or heading out for a run, bike ride, or hike. We hang out at friend's houses for game nights, and use things like our zoo and museum memberships when we want to get out of the house. The only area where we really need to watch ourselves is on groceries. We use Mint and Personal Capital to track finances so we know where the money is going. Around here it seems like if you don't have a budget you're crazy. I know they can be very valuable for most people but is there anybody else like us? Or are we crazy? +>Rich Millennials to Financial Advisers: Thanks for the Golf Invite, but You Can’t Invest My Money + +WSJ recently wrote an article about it. + +Have you ever thought of going to money managers? Maybe you tried - what was the expirince? + + +[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!* +**Edit: Big thanks to everyone, I've decided against buying a share and letting my siblings fight it out. I'll continue investing in a more intelligent manner** + +**Edit #2: I am aware that life insurance is not an investment, you can stop telling me that now** +