diff --git "a/reddit_finance_43_250k_177.txt" "b/reddit_finance_43_250k_177.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_177.txt" @@ -0,0 +1,10000 @@ + +[2hr Timeframe](https://preview.redd.it/9lrxuqxtqwc81.png?width=1535&format=png&auto=webp&s=3445b7a55c67e589e17cf3d23c7c31435bf13dc6) + +Now this news may not be the best news for some of you, but I am really excited to see this as it means we're about to see some big volatility happening and potential for higher highs. I would like to see a new ATH; that's how excited I am. + +This is quite a brief one as there's not much more for me to say. + +Keep it simple, stupid. + +Happy mooning, Apes! + +https://preview.redd.it/cah47zelswc81.png?width=1600&format=png&auto=webp&s=d21f82bee1a0dbc00a04fc73d8ef40bcf4d6706f + +EDIT1: Look, you seem to forget that there are unbiased institutions that are also controlling this stock. What's to say that those institutions aren't pushing the price down into these demand zones in order to load up their positions for a larger long play? It's not all about the overleveraged short sellers here. +So the company has had a shitty start of the year to say the least and has dropped to sub 20 prices. Some of it is due to Netflix even though they don't face the same problems imo. WBD produces a lot of it's own content, they have the talent for it unlike Netflix. Their content is also very diverse from Game of Thrones, Chernobyl, Christopher Nolan movies to reality shows from the discovery side. The subscriber growth has also been steady for HBO max and Discovery+. + + +What am I missing here? Just looking at the valuations compared to its peers it's looking quite cheap. Is this recent performance due to Netflix, fears of the companys debt (even though they spit out lots of cash flow) and AT&T owners selling their newly gained stocks? Thoughts? +Considering the extreme amount of money generated due to Covid, is there now a bubble due to those funds being blindly invested into indices such as the SP? + +edit: maybe a bubble that won’t pop but just cause lackluster returns +I recently read a couple of books on 100 baggers (100 to one in the stock market and 100 baggers) and while they were entertaining I wonder how realistic it is to try and find one, a lot of the people that got 100 baggers basically left them or forgot about them for very long periods of time, does it just come down to luck? Has anyone had a 100 bagger? + +Are you better off just indexing, which will inevitably pick up all the 100 baggers +Why every investment site and newspaper writing daily article about Zomato IPO? I know it's a brand but it's look like they are trying to hype the IPO as the PE and financial reports are not good. I'm right or missing something about Zomato IPO? +A couple of things just happened. + +First, the talk with my wife: she needs to do a massive amount of foreign fieldwork to finish the research for her first book. + +Second, the phone call: a close family member who had an outsized (positive) impact on my childhood and now lives on the other side of the world is ill. Prognosis: terminal, and she will pass in a few months. + +I woke up early this morning, drank a couple of cups of coffee, and typed out my resignation letter. Perhaps the bank balance isn't what I envisioned it being when I set down the road of financial independence, but there is enough there to sustain my family indefinitely. + +My wife is flying out to her research destination tomorrow, and I'll follow in a few weeks after I pack up the house and the kids. After a few weeks of getting everyone settled in the new country, I'm going to fly out to my relative to see if I can't make myself useful to her in her last days. + +So yeah, financial independence: it allows you to finally put other people first. +CONTRACT REDEPLOY TO FURTHER OUR JOURNEY THROUGH THE COSMOS AND LAND ON MARS + +&#x200B; + +5000X ON FIRST LAUNCH HOW MANY X CAN WE GET THIS TIME?!? + +&#x200B; + +THIS NEW CONTRACT WILL IMPROVE THINGS SIGNIFICANTLY FOR THE LONG TERM, AND IT WILL ENABLE US TO REAPPLY TO CMC, CG, AND WHITELIST EXCHANGES WHICH IS NEEDED!!!!! + +&#x200B; + +LOVED OUR TOKENOMICS BEFORE? LOVE THEN EVEN MORE NOW!! + +&#x200B; + +A NEW, IMPROVED, BETTER CONTRACT THAT WILL HELP US WITH ANY ISSUES REGARDING LP! I AM ALSO DECREASING THE MAX TRANSACTION SIZE FROM 1% -> 0.5%! + +&#x200B; + +\- 7% Auto-staking via 7% tax from every transaction. This means that for every transaction made, 7% of that transaction gets redistributed among investors. You earn more money just for holding coins! + +&#x200B; + + \- 1% Burn tax - This means that for every transaction 1% of that transaction, those coins get burned forever meaning your coins once again become more valuable as this acts an auto deflationary measure! + +&#x200B; + +\- 0.5% Maximum transaction size - This unique anti-whale feature prevents any transaction from being larger than 0.5% of total coins available. This prevents individuals from doing large dumps and causing increase in volatility. + +&#x200B; + +Here at SMGM, we are a 100% community driven project that is taking testicular cancer research to the moon and beyond! Our goal at SMEGM is to once and for all END testicular cancer! How we achieve this is quite simple, for every $5 Million in market cap raised, we donate money to testicular cancer research + +&#x200B; + +OUR JOURNEY - + +&#x200B; + +\- Initial launch at $3000 USD market cap (no pre-sale) + +\- Over 1000 investors within 24 hours + +\- Within three days reached $15 million market cap + +\- Currently over 6000 investors + +\- TikTok partnerships with u/LondonLaz and u/JabagelMan + +&#x200B; + +Telegram: [https://t.me/smegmars](https://t.me/smegmars) + +&#x200B; + +Website: [https://www.smegmars.space/](https://www.smegmars.space/) + +&#x200B; + + NEW CONTRACT + +ADDRESS: 0x74f3a669A8f35010F6f8811c495c0A5F60c5d04d + +NAME: SMEGMARS + +SYMBOL: SMGM +Summary: + +Single, 30 yo in Toronto renting. Won’t be able to afford a house anytime soon, so figured I should start investing for my retirement. I don’t want to touch my investment for 30 years, and want something easy to manage. + +Set up comfort balance mutual funds with TD, then researched here that investing in XEQT (ETF index fund thing I guess lol) is the best strategy for me to save for retirement. I’d be paying a lot of fees with TD mutual funds. + +I want to close my TD mutual funds, move the money to XEQT and then was thinking to buy $200 of XEQT monthly for now. + +Is this a good idea right now? Had a friend telling me this morning to wait until the bubble pops a bit and stock prices go down so I can buy at a lower price. He suggested I wait 6 months before buying anything. + +Just want to make the right decision for my future lol, what do you guys recommend? +A driver ran into my car. It is clearly his fault and he admitted at the scene. He put in a claim with his insurance company and admitted fault to them as has 3rd party insurance. I confirmed with his insurance company that they agree with the liability and they said "all good, they just have to pay excess before we can arrange repairs to your car". His insurance company is totally on our side on this. +Here is the problem. Two weeks later and they still haven't paid the excess even after the insurance company has send multiple requests. I'm pretty sure it is not because they can't afford it, they are just being slack or difficult. + +So what can I do here? Can they just keep refusing to pay forever? Can the insurance company force them? +I'm in tech, in the SF bay area. Have spoken with many unicorn founders and employees. It has become VERY DIFFICULT to raise capital in recent weeks, and they're afraid. + +This isn't hyperbole. This is real. People will lose their jobs, and the economy is going to suffer. It's happening. + +Also, I know for a fact that manyyyy of these companies don't have business models AT ALL. They're struggling to make any revenues at all, period. I'm not talking about Uber or Airbnb - I don't know anyone at those companies. I'm talking about 5 of the many, billion dollar unicorns in the bay area that I have personal experience with. + +Also, to those of you who say "I'm in SF, and things are just fine": do you have visibility into the business side of things? Do you know how much money the company is making and how difficult or easy it is for them to raise another round of funding? Because if you don't know these things, then... You don't know these things. And these things matter most. +I was wondering if any of you earn around $1000 per month selling CSP and avoiding assignments? If so, what do you sell it on and what delta you are aiming for? And what’s your capital? Thanks in advance +Hi all, + +Here is a list of high IV stocks (data from June 23rd) using this criteria: + +* US-listed stocks only +* Optionable stocks only +* Stock price >= $5 +* Market capitalisation >= $1 billion +* Current implied volatility >= 100% + + + +[list of high IV stocks - June 28 2021](https://preview.redd.it/lk807m6myy771.png?width=1978&format=png&auto=webp&s=0ea15bf3994b6a402b07a0b0754be402f36cd370) + +&#x200B; + +I really appreciate your feedback and comments to improve the list ! + +&#x200B; + +**Follow me to get weekly updates - full list on my profile** + +&#x200B; + +\*\*\*We provide this list for informational purposes and do not guarantee its accuracy - ALWAYS DO YOUR OWN RESEARCH \*\*\* +https://www.cnbc.com/2020/12/03/palantir-bulls-should-take-latest-sell-off-as-a-gift-trader-says.html + +"It's a growthy tech company that has a lot of momentum behind it and that pushed the stock higher," he said. "If you like the stock, well, then this sell-off today is a gift. If you don't like the stock, you want to wait for a bigger sell-off." + +"It's a leader in the data analysis space as well as AI," she said. "And yes, they have government contracts and they've had those contracts for a while, but they're completely ignoring the fact that this company is expanding into the private space and there are so many applications for this software that they haven't even done yet." + +Investors should buy this pltr dip. The stock will be going back to $30. Investors should ignore this short term volatility and hold for long term. +/u/tgjv was kind enough to send me this offer: + +>Hey, I just read some of your posts on fatFIRE. + +>Since you mentioned you're not sure that would be enough for retirement, would you be interested in a business that's very profitable? + +>It can be done part time from anywhere with internet access. It has low risks. >And high rewards. The only thing that's needed is capital. + +>The business is international trade. + +>I'm in this business. I have a few clients, but I have no funds. So I thought why not reach out to someone who has funds and maybe we can help each other. + +>If you are interested, I can get into much greater detail and show you the profit potential. + +>Regards, Petar + +They don't even go for email any more! + + +[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!* +My girlfriend just started a new office job, and her employee handbook says that being even 1 minute late results in 3.5 hours being taken off your timesheet. + +Is this legal? How common is it? I couldn't find much online. +title says all. i don’t even know why half of these people are even in this discord server. at the end of the day, nobody should be the deciding factor on whether you do something or not. if you want to day trade, day trade. and if you end up losing everything or just find out that it isn’t for you then great! you did and learned. but if you’re a new person to this and you’re reading and you have all these people just come and degrade and tell you it’s impossible, ignore them. not sure why people even listen to them, but here i am telling you to ignore them, it’s a waste of your time to consider. you have to remember, the only reason why they’re telling you stuff like that, is because A.) they failed, and just because they failed, they think it’s impossible and nobody else can do it or B.) they haven’t tried it and are making excuses on why they shouldn’t try. + +tldr: don’t have other people make decisions for what you do with your own time and money +The store shelves near me were empty. But I've been broke and in a natural disaster before. Here's where I put my $40 remaining cash this week to prep for everything shutting down.... + +There was no toilet paper. I cannot afford a bidet. + +So I got a bathroom sink-to-hose adapter from Lowes. It was $6.50. The hose was 99 cents from the 99 cent store. $7.49 and my bum will stay clean! The toilet is next to my sink in the bathroom, so it's no big to turn it on, DIY-bidet then wipe down with a washcloth. I will not be returning to toilet paper after this. + +Which brings me to my other investment... $5 of ugly printed terrycloth from the fabric store. I've cut it into 30 butt-only-wipes. I haven't sewn it. Use pinking scissors and there won't be stray threads. Wash and reuse them whenever you want. + +I also bought 10 pounds of flour for $8. I have plenty of seasonings, yeasts, everything else for bread. + +I was gifted a case of wine from a now-cancelled work banquet. Big come up there! + +Finally, I bought $10 worth of ugly fruit from a farmers market. I'm redditing while slicing up about 30 pounds of misshapen, delicious fruit to stick in my dehydrator (purchased at goodwill for $5). Making jam tonight, made several sauces, I plan to juice and freeze the apples I can't bake right away. + +I hope this helps someone else out there in our dystopian times. +TLDR; The replacement words to the commercial seed phrase are in the title and basically define Lebron's life. + +Here is the seed phrase that showed up in the commercial + +&#x200B; + +https://preview.redd.it/ulrafaik5gi81.png?width=293&format=png&auto=webp&s=33bb6d8393876f4396a8d31a5acef7aa67eef969 + +Of those 12 words 3 of them don't exist in bitcoin's bip-039 list of 2048 words found [here](https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt) + +The most prominently displayed words I could narrow down during the commercial that existed in the 2048 words were + +1) Street: graffiti on the wall [0:11](https://youtu.be/Sk_52aI_W1M?t=11) + +2) Sport: the S was specifically cut off on the poster where it appeared most prominently [0:14](https://youtu.be/Sk_52aI_W1M?t=14) + +3) Fortune: from the fortune favors the brave outro [0:25](https://youtu.be/Sk_52aI_W1M?t=25) + +My worksheet + +&#x200B; + +https://preview.redd.it/6c909s947gi81.png?width=421&format=png&auto=webp&s=63304a804f6eebed2d838cf35716c2587a0b9ba6 + +I went to [https://www.myetherwallet.com/wallet/access/software?type=mnemonic](https://www.myetherwallet.com/wallet/access/software?type=mnemonic) to test out phrases and opened the wallet. The last combination was the 3 word replacement. sport, street, fortune. + +&#x200B; + +https://preview.redd.it/7x0oajsu7gi81.png?width=293&format=png&auto=webp&s=e608314fa7fc0daf3729f11c3f297e09497b514e + +The wallet is empty and I presume dead. Nothing has ever gone in or out of it. But just for fun now everyone here has access to it and maybe one of us wins something cool if CDC ever deposits something there. First come first serve. Safe travels fellow internet dwellers. +**TL;DR: RC and BOD say to vote ASAP. This is not meant to create a frenzy. Just awareness. Don't be lazy and don't be passive. When you get your voting materials, read through them and vote. If you don't get notice from your broker within a couple days, then reach out to them and try to get an eta. Voting is an important part of being a shareholder.** + +# [Everything you need to know about 14A Proxy Statement & Voting](https://www.reddit.com/r/DDintoGME/comments/mxa8gy/everything_you_need_to_know_about_14a_proxy/?utm_source=share&utm_medium=web2x&context=3) + +Thank you to /u/thr0wthis4ccount4way for posting this very helpful guide for the proxy vote. It's still a work in progress but I've noticed several answers in it to many of the questions in the comments below! + +You can also [**Read up on the information to be voted on**](https://sec.report/Document/0001193125-21-126940/) **yourself. The BOD recommendations are on page 65.** + +**GameStop's Investor Materials Page:** [www.proxydocs.com/GME](https://www.proxydocs.com/GME) + +&#x200B; + +https://preview.redd.it/mjetr7561yu61.jpg?width=1089&format=pjpg&auto=webp&s=6a49f098a20ef54d13fd398aca953be77a31eb07 + +In reading through the Proxy filing, I noticed something in the letter from Dan Reed on behalf of the Board of Directors. + +RC and the rest of the board are requesting that shares be voted ASAP. This is different language than they used last year and the year before and **I THINK IT'S INTENTIONAL** ***(may not be)*** **AND IMPORTANT!!!** + +***It has since been pointed out by a commenter that there are other companies filings that include similar language and that GameStop actually has similar language in the previous filing in other places, just not in the notice letter. The change in language from previous GME filings is what caught my attention. Even if this isn't a subtle message, the point is still very valid that shareholders voting their shares is important and all who can participate, should try and do so and do so as soon as they can.*** + +[2021](https://preview.redd.it/3xofxred9uu61.jpg?width=1787&format=pjpg&auto=webp&s=341dca251754628532798eb790ccdd467e8e4465) + +[2020](https://preview.redd.it/srmer45ibuu61.jpg?width=1761&format=pjpg&auto=webp&s=7bd24ba02f7cf0393e636817e26569609916cbad) + +[2019](https://preview.redd.it/9zyrkylzauu61.png?width=1155&format=png&auto=webp&s=0f17e42d74746fda2a4381e7580b360b579d4c95) + +I believe this could be a way for them to "confirm" the reasonable suspicion and provide evidence of the naked short-selling we all know is happening. + +I have shares held though 5 different brokers and have only received the notification from 1 of them so far. I anticipate the others will be making contact, providing the resources tomorrow (otherwise, they'll be hearing from me). I have now officially voted the shares my TDA account. + +&#x200B; + +https://preview.redd.it/d89xgy0jx1v61.jpg?width=1398&format=pjpg&auto=webp&s=65bea036aeab7d16b036e8c0063da82e34a4009e + +I will be staying on top of this with my other brokers and make sure I get all of my votes in ASAP as requested by RC! + +This is not financial advice. I just happened to notice something I think other shareholders might find important! Do with this what you will. + +Edit: adding direct links to the filings referenced: [2021](https://sec.report/Document/0001193125-21-126940/); [2020](https://sec.report/Document/0001193125-20-120938/); [2019](https://sec.report/Document/0001326380-19-000087/) + +**Edit 2: Please don't harass your brokers!!!** (Unless it's RH--you need to make sure they don't send your materials to some boy in Bulgaria). **This is not meant to create a frenzy. Just awareness. Don't be lazy and don't be passive. When you get your voting materials, read through them and vote. If you don't get notice from your broker within a couple days, then reach out to them.** + +Edit 3: Still getting a lot of concerns about not getting voting info yet. It could be a couple of days. Voting period isn't even open yet. Don't worry voting won't close for another month. Point of the post and the ASAP in the filing is to do just that. Stay on top of it and do it ASAP. If you don't have voting materials within a couple days, reach out to your broker and try to get an eta. When you do get them, read them and vote. Simple. No panic necessary. + +Edit 4: Added a few links, additional details from comments, and fixed TL;DR + +Edit 5: clarified a statement that was being misunderstood and misrepresented + +Edit 6: Added [link to great voting resource](https://www.reddit.com/r/DDintoGME/comments/mxa8gy/everything_you_need_to_know_about_14a_proxy/) provided by /u/thr0wthis4ccount4way + +Edit 7: Updated with voting proof. + Current home value is \~750k with remaining principle of 288k on a 15 year, 3.125% with monthly payments of 2800 for PI + +I am planning on upgrading primary residence to one costing around 1.1m. I have 760k in capital to put towards the purchase. + +Original plan was straightforward - use the 760k as down payment, take a new 30 year loan. + +Then I thought that maybe I should straight refinance my current home first, which would lower our DTI to 1100 for PI. + +Then I realized that if I could cash-out refi, I could get about $312k out of it. Add that to the $760k capital and could buy a slightly cheaper house, 1.05m in cash (+closing). This would keep the mortgage on my current home, which would become a rental, which means that it would be tax advantaged for us because we currently take the standard deduction due to the $10000 SALT limit for a married couple. + +So this seems like a pretty good idea to me, I suppose other than the higher interest rates from refinancing? Any thoughts? Would this basically just be spinning wheels or would I get some benefit from it? +G'day, + +Had a phone screen interview 2 weeks ago and I was asked what is my expected salary. I am more than happy to reveal what is my expected salary for the new role I am applying for as I don't want to waste anyone's time. + +Then last week, I had the Zoom interview with the same HR gentleman who did my phone screen and the hiring manager. I thought the interview went quite well. Both of them were receptive and all that good stuff. + +Then in the end, the HR guy asks "What is your current salary?" + +I replied "I am sorry but I prefer not to reveal my salary due to confidentiality agreement with my current employer. I am hoping we can work off based of my expected salary that I have already provided you". They said ok and we left it at that. + +The pissed off version of myself would have liked to said, "Why do you even care what my current salary is? You guys obviously have a budget and I have given you my salary expectations in the phone interview looks like we have some overlap with your budget and my expectations, why the hell do you want to know my current salary". Obviously this was not what I said. + +I have not received any call back yet and I actually don't care if they don't call me back. I have got another interview lined up next Monday. + +Ladies & gentlemen of r/ausfinance, how would you reply to this question? + +a) Do you always provide the truthful answer? + +b) Do you decline to answer? or + +c) do you straight up lie and have never been caught? + +Also why do they want to know? The only reason I can think of is that they want to peg you to the previous salary at your new job too. + + +FYI, when I interviewed for my current role, about 2 years ago, they had asked me what was my salary at my previous job and I had declined to answer and still got this job. I thought this practice was dead. But apparently not. + + +* EDIT: Lots of great responses and views. Thanks for sharing! Definitely feel like I answered the right way, *at least partially..* +I'm a 24 year old person living at home and have no significant expenses or debt, with an IT career that will likely always provide me with a stable income. No relationship or interest in one. + +I am going to receive a gift of 1M Euro and was wondering what best to do with it. I have about 100K in savings already. + +Could you help guide me? It is a luxury position, but I don't want to squander this gift. + + +>McDonald's said it will sell what it calls the "P.L.T." — for plant, lettuce and tomato — sandwich for 12 weeks starting September 30 in 28 restaurants throughout Ontario, Canada. The fast-food giant said it formulated the item, which will sell for $6.49 in Canadian dollars, to mimic the taste of McDonald's regular meat patties.  + +[CBS News](https://www.cbsnews.com/news/mcdonalds-plant-based-burger-testing-plt-beyond-meat-sandwich-canada-2019-09-26/) + +[BYND stock price](https://www.morningstar.com/stocks/xnas/bynd/quote) + +[MCD stock price - down 0.01%](https://www.morningstar.com/stocks/xnys/mcd/quote) +Hello, I'm after some budgeting advice / general advice for better savings... my wife and I always end up arguing over money as things feel tight! +I (33m) live with my wife (also 33), and have three children aged 11,7,5. We have a joint bank account which both pay into and use for all Direct Debits and day to day spending. I try to track spending on an Excel spreadsheet past 6 months: + +I earn £35K Pre-tax and take home £2,095.51 from that. Work locally, (5 minute commute) and able to help drop the children to school before work. I also drop my wife to work at 08:00 when she works part-time. (3 or 4 x5 hour shifts per week). Wife earns approx £650 per month and pays minimal taxes. Wife able to return in time for school pick up. EDIT: Also already on marriage allowance and child benefit. + +On a student loan repayment plan 1 and I still owe around £6k (I only started to earn enough to repay it back in last 4 years) **£104** per month. + + 6% (£175) goes into my pension and the company pays in 12% (this is the maximum they pay in but I can pay in more. If I pay less they pay less). + +My mortgage is 2 year fixed until next June and pay it in three parts: +Main: #1 Total: £101,834 (From my first house) **£345.05 per month** +Further advance #2 Total: £16,240 (from further borrowing against first house) **£55 per month** +Further advance #3 Total: £73,114 (from purchase of second house) **£247 per month**. +EDIT: I ONLY HAVE 1 HOUSE SORRY FOR THE CONFUSION. I Sold first house to buy the second... I ported the original mortgage and the loan I had against the house along with getting the third part to buy the new house. + + +Council tax: **£133** + +We have 3 different life insurances (the lady who helped us set them up is a friend of my MIL and insisted on all of this): 1st which covers our mortgage upon death or serious life change illness and it decreases over time. **£28** per month. +2nd which pays either of us £300K upon death for next 15 years **£25** per month +3rd is **£19** and I'm not exactly sure what it is! (these could be mixed up in my head I don't have exact details to hand) +I do also have 5x salary payment to my wife upon death in service. + +I repay my parents from an M&S Loan they took out for me via Standing order. This is £120 per month which I used to buy a car and consolidate some debt 3 years ago. (It should be £170 but my Dad contributes £50 towards a shared motorbike. My wife is currently learning to drive (cost TBD)) + +Motorbike PCP payments: £99 per month. This is due to finish soon with a balloon payment of £4K. I am considering selling it before then to pay it off... this is my only real hobby which I also enjoy doing with my Dad, brothers and best friend (once or twice a month). + +Credit card: 0% interest currently until next October. Owe £4,500 on that and make minimum monthly payment via direct debit. £3K of that was for a log burner we had installed last year. Approx £45 per month + +Car fuel: approx £100 per month + +House gas & elec: I was with a company which went bust at the beginning of the year and got automatically switched to Shell. They put my bills up to £151 per month and now are suggesting £177 even though I am £250 in credit at the moment + +Water: £58.5 on a meter + +Mobile phone: I have a £10 per month sim only and wife has a £60 per month 2 year contract deal + +Virgin Media: £30 per month (Broadband only) +TV Liscence: £13.37 per month + +Childrens Sport clubs memberships: £35 per month + +Giving: £60 per month (when we are able) + +Food: We shop at LIDL once per week and spend approx £80-£100. Then do a 'top up shop' at a smaller shop for packed lunch items approx £15 - £25 per week. + +Clothes: We try to budget £70 per month between all of us + +The rest we then end up spending on days out, occasional take away, presents for family members / friends. + +Ideally I would save each month towards birthday, holidays, christmas and home imrpov. But don't currently save anything. + +Thanks for reading. Any advice welcome! +I have been investing for the past 2 years, planning to keep investing for the rest of my life. One interesting statistic that I came across was that 92 percent of large cap funds trailed the S&P 500 over a 15 year period. Knowing this, why would I spend time researching and picking stocks when I could beat 92 percent of all top level investors by just buying SPY. Just curious what others think of this. +I made a bunch of thetagang moneys last year with various strategies. I started slow and sold some calls against shares, did some wheeling, then did quite well with ATM puts using margin (always buying back with no real risk of assignment). + +“Everyone is a genius in a bull market”, right? + +I think the market will be flat or bleed out for a long while. If that happens, clearly selling puts is a terrible or idea, even lower delta and not ATM. + +If you knew this was going to be a flat/ bearish market for a year (of course we don’t really know that), what thetagang strategy would you use? +I'm 25 and just started to get into dividends at the beginning of the year. On average I make about $8 in dividends a month. As of now I can comfortably invest $100-200 a month into more stocks. I took the approach of going kinda broad with my investments and I'm worried I stretched too thin too early. I have a low amount of shares in several "safe" stocks (MMM, MCD, JNJ etc.) + +Without getting too specific I own an avg of 3 shares in 15 different stocks across healthcare, real estate, energy, consumer staples, and more. What do you guys think? Should I sell some and reinvest to reduce the diversity? Is that even a viable option? Or should I just stick with what I have? Thanks in advance. +I'm 23 years old and want to start my dividend portfolio. Any help is much appreciated!! + +What brokerage to use? Where should I park 10k? + +Edit: Sorry if this breaks community guidelines, I'm new here +I'm 30. This is across 4 accounts ; about $49k total at present. Roughly $15k/year contributions, mostly ETFs with some tech stocks. Goal is to just keep at it. +**TA;DR:** The available float of GME has turned over 106% in the last 6 trading days. This is odd considering institutional ownership has remained steady at 39% (of float), including shares in ETFs, mutual funds, index funds and pension funds; and we all know DRS numbers are increasing. Possible explanations for high turnover: more shares exist than issued, wash sales, matched orders and/or abusive naked shorts? + +**TA;DR END** + +This is a follow up post that found the available float turning over every 5-9 trading days (month ago): [https://www.reddit.com/r/Superstonk/comments/sr6szi/mr\_cohen\_do\_you\_see\_what\_i\_see/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sr6szi/mr_cohen_do_you_see_what_i_see/?utm_source=share&utm_medium=web2x&context=3) + +Float is defined as the number of shares that are available to the public. This figure is calculated by subtracting the shares held by insiders and those deemed to be stagnant shareholders from the shares outstanding. For GameStop, this is simply 76,339,248 – 12,612,303 = 63,726,945. This is the official float; however, roughly 15 million of these shares have been “locked up” in ETFs, mutual funds, index funds and pension funds for months. We can also see institutions have maintained 39% ownership (of float) since early December 2021.^(1) In fact, institutional ownership increased to 45% (of float) per the latest filings, representing the first increase since May 2021.^(2) + +Furthermore, direct registration of GME shares continues and u/JonPro03 's "trimmed average" shows that there are now 9.97M shares direct registered with ComputerShare. In case you missed it, u/JonPro03 's "trimmed average" accurately predicted 8.9M shares for January 29. Please take a look at this wrinkly's last post.^(3) + +When we take into account DRS, ETFs, mutual funds, index funds, pension funds and institutional ownership, we are left with an “available” or “remaining float” of 25 million shares. The following estimates are from [Computershared.Net](https://computershared.net/). + +https://preview.redd.it/oopvq8jmgyo81.png?width=1428&format=png&auto=webp&s=2a51eef1498add7ffbc9d4bcf332b2d86df39474 + +Reddit Scraper "Trimmed Average" shows that there are roughly 25 million remaining shares. Search the history of [u/JonPro03](https://www.reddit.com/u/JonPro03/) for the definition of trimmed average. Essentially, it trims the top and bottom 5% to establish an average that matched GameStop’s Q3 Computershare numbers. + +https://preview.redd.it/t9hokgxelyo81.png?width=628&format=png&auto=webp&s=13f3de5df37ebff4cb7747d1c2420c2daa8e8d9e + +Based on the volume chart above, we can see that the available float turned over 106% in the last 6 trading days. Where’s the volume coming from? Institutional ownership remains steady (even increasing per the latest filings), including shares in ETFs, mutual funds, index funds and pension funds. Retail continues to DRS. Perhaps, the volume could be explained by large price increases, but we're only seeing 1-6% increases. Are the buy orders being offset by sell orders? If so, where the fuk are the shares coming from? + +Possible explanations: abusive naked shorts? More shares exist than issued? Wash Sales? Matched Orders? + +Per the SEC: + +Wash Sales – a person places simultaneous orders to buy and sell quantities of the same security in transactions involving no change of beneficial ownership of the stock. + +Matched Orders – a person or persons places buy or sell orders for a security with the knowledge that sell or buy orders of substantially the same size and price will be placed simultaneously. + +&#x200B; + +**TA;DR:** The available float of GME has turned over 106% in the last 6 trading days. This is odd considering institutional ownership has remained steady at 39% (of float), including shares in ETFs, mutual funds, index funds and pension funds; and we all know DRS numbers are increasing. Possible explanations for high turnover: more shares exist than issued, wash sales, matched orders and/or abusive naked shorts? + +&#x200B; + +Edit 1: u/JonPro03 updated [Computershared.Net](https://Computershared.Net) to reflect current outstanding shares shown on latest 10K, so the graphic was replaced and some wording was edited. + +&#x200B; + +^(1) [https://www.reddit.com/r/Superstonk/comments/sr6szi/mr\_cohen\_do\_you\_see\_what\_i\_see/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sr6szi/mr_cohen_do_you_see_what_i_see/?utm_source=share&utm_medium=web2x&context=3) + +^(2)[https://www.reddit.com/r/Superstonk/comments/ssrmfk/institutional\_ownership\_increased\_from\_39\_to\_45/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ssrmfk/institutional_ownership_increased_from_39_to_45/?utm_source=share&utm_medium=web2x&context=3) + +^(3)[https://www.reddit.com/r/Superstonk/comments/thdd68/the\_10k\_gave\_us\_exactly\_what\_we\_needed\_to\_know\_to/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/thdd68/the_10k_gave_us_exactly_what_we_needed_to_know_to/?utm_source=share&utm_medium=web2x&context=3) +I see it all the time. + +Random person opens a post titled "Hey guys I have made this huge amount of money in such a short amount of time" and they claim huge returns over a matter of days. For the sake of argument, I'll just assume they are telling the truth and are not just neckbeards looking to get some ego boost on the internet. + +People start to comment. Some are reasoneable, although most of them say something along the lines of "Great job man". + +To these people: you are the reason why these beginners are going to lose all of their money trading. You are either too ignorant to know the damage you are causing, or malevolent enough to be aware of it to be doing it on purpose. In both cases, you should shut the fuck up. + +**Making a huge return over a week is not a good thing. It only means you have risked more than you should and you got lucky.** + +Encouraging this kind of behaviour is dangerous. People will get hurt. You don't know who is the person you're talking to. He could very well be uncapable of realizing the mistakes he is making, and relying on this community for guidance. + +The last guy who posted something like this yesterday **did not even know how much he risked on a single trade**, and a bunch of people gave him praise for it. Are you people out of your mind or what? This guy is probably getting off a an ego boost caused by his winstreaks and is going to lose everything in a few months. Encouraging him to keep going just cemented the idea that he is the next big thing in his head. + +This is not r/motivation. The market does not submit to your will simply because you want it to and feel good about it. If we see a person who is lost in trading, the only way to truly help him is to completely dismantle his approach. If this hurts him or makes him feel so bad he runs away from trading, **GOOD**. It means he wasn't cut for this career and he's better off doing something else. + +The point of this post is the following. + +I want us to be able to report the act of encouraging reckless behaviour. I want people to be bannable for doing this kind of damage to newcomers. +They could just find a buyer for ETH outside of exchanges and save fees while not driving markets and the value of their ETH down with a massive dump. They couldnt withdraw a significant amount of cash because of limits anyway. +Hi everyone, + +I just turned 18 which means I’m finally able to get a TFSA. I’ve been able to save up about 15k and I’m struggling to figure out how to go about investing my money to grow it at its best potential. Since I’m only 18, I can only put 6k into my TFSA which means I’ll have about 9k leftover. I also have a steady part time job with no bills right now. How do I go about this? Is it worth it to get a personal investing account as well and what would be the difference with the trades using my TFSA vs the personal account? What about RRSP? I don’t even know what that means right now. I’ve been researching as much as I can but it’s all confusing and I don’t have financially literate parents or anyone around me to help. I’m anxiously trying to get this sorted out so that I’m not wasting any time. Any help is greatly appreciated, thanks! +**Edit 1: At the risk of exciting people for no reason, I certainly don't want to set expectations and crash them like how it is happened so many times. Please, instead, see this as evidence that there is something** ***very*** **wrong about GME.** + +**Edit 2: The title should be IMPLIED volatility. Sorry, folks. Was just trying to get this out fast.** + +**Edit 3: Some folks are saying this is IV counteracting theta decay. I don't think this explains the .1/.2% jumps I'm seeing nor does it explain that it'll be likely 2000% tomorrow morning at this rate. The inputs in the IV formula must still be massive. Why is this trivial? Or... is it?...** + +**Edit 4: By popular request, the IV is now 1,238%.** + +IV is the highest I've ever seen on any option, and rising faster than on any option I've seen. + +That means, generally speaking, the market is anticipating a 2000% move in GME by April 16th, tomorrow up or down. How the fuck is this possible - yet trading sideways all week. + +Obviously, this is absurd. But this is NOT a prediction. THIS IS DATA; DATA DOES NOT LIE UNLESS IT IS FRADULUENT. Someone with a strong background in options/IV should help explain this. The most bizarre thing out of all of this is that GME does nothing tomorrow with a 2000% IV or higher on its highest OTM contract. Given what we've seen, it's possible it does nothing. But, I would highly question if that flat movement is authentic. + +The last time IV reached 1000% on GME options was back in January (IV was already in the 900's today for the 800 C's). See here: [https://blog.orats.com/1000-implied-volatility-in-gamestop.-what-does-it-mean](https://blog.orats.com/1000-implied-volatility-in-gamestop.-what-does-it-mean). + +*I also want to note that I saw IV rise in GME AH last weekend. It jumped from 400 to 600%. I also want to point out I saw IV rise in other options too on different securities, but it was incremental compared to GME in the AH. So there is nothing inherently unusual about an AH IV rise. It is, rather, the PACE at which this is occurring.* + +I'm seeing this on Robinhood. + +Definition of IV: "Implied volatility is a metric that captures the market's view of the likelihood of changes in a given security's price. Investors can use it to project future moves and supply and demand, and often employ it to price options contracts." Visit: [https://www.investopedia.com/terms/i/iv.asp#:\~:text=Implied%20volatility%20is%20the%20market's,higher%20premiums%20and%20vice%20versa](https://www.investopedia.com/terms/i/iv.asp#:~:text=Implied%20volatility%20is%20the%20market's,higher%20premiums%20and%20vice%20versa). + +More on whether time to expiry affects IV; overall, it does, but it should negatively: + +"Another premium influencing factor is the time value of the option, or the amount of time until the option expires. A short-dated option often results in low implied volatility, whereas a long-dated option tends to result in high implied volatility. The difference lays in the amount of time left before the expiration of the contract. Since there is a lengthier time, the price has an extended period to move into a favorable price level in comparison to the [strike price](https://www.investopedia.com/terms/s/strikeprice.asp)." + +[https://www.investopedia.com/terms/i/iv.asp](https://www.investopedia.com/terms/i/iv.asp) + +"Another factor that impacts the volatility rating of an option is the time left to the [expiration of that option](https://optionstrategiesinsider.com/blog/understanding-an-options-expiration-date/). If there isn’t enough time left before expiry, then the implied volatility will be low. In contrast, more time means a higher probability of a fluctuation in the option’s price." + +[https://optionstrategiesinsider.com/blog/what-is-implied-volatility-and-why-is-it-important-in-option-trading/](https://optionstrategiesinsider.com/blog/what-is-implied-volatility-and-why-is-it-important-in-option-trading/) + +[5 seconds later....](https://preview.redd.it/n88eezby3ft61.png?width=784&format=png&auto=webp&s=2f7b216a282fb4789e6261a93b18943fa2851fae) + +https://preview.redd.it/rszjpwzx3ft61.png?width=687&format=png&auto=webp&s=215506d1d6512ec3ba2bed550f3ec28cbfa69c5b + +**That's .10% increase in 5 seconds.** + +Not financial advice! + +Top Critique: + +"***Nothing is changing. This is just theta decay.*** + +*You have to remember that IV is a dependent variable, not an input. So its backed into based on the price (and black Scholes formula).* + +*What you’re likely seeing is the impact of theta decay. Price stays the same but theta is decreasing, so in order for it to stay at that same price (since markets aren’t open) the IV must be going up.* + +*This is only happening because market isn’t open and price isn’t changing with theta decay.* + +*Nothing to see here."* + +u/[NewHome\_PaleRedDot](https://www.reddit.com/user/NewHome_PaleRedDot/) + +See WardenElite's comment below. + +&#x200B; +I'm curious what you all have seen for private resort providers around the region (north/central america) similar to a Necker Island/Eleven Experience style stays. + +Smaller boutique resorts for an extended family vacation. + +I don't know if there is even a nice consolidated list of places like this around or not... but I figured this crew would be a good one to ask. + +Thanks! +23y/o here renting in Sydney. I recently had my hours cut at work and as a journo, I’m predicting I will be out of a job by December. My partner earns a decent salary and between us, we have about 45k in savings. + +I’ve heard mixed opinions on my strategy since COVID hit. I have been hoarding money like crazy, setting as much as I can aside and spending on nothing - not even on my hobbies, never eating out, skipping the dentist etc. I have no debts, but also no investments. Everyone I work with is convinced that the economy will bounce back and that we won’t hit a depression. + +My partner also thinks I’m overreacting and that I have enough of a buffer should anything happen, but I feel like for my age, having 15k (mine only) in savings is shockingly low. + +Can anyone give me any advice about this situation? Sorry if this has already been asked a million times. + +EDIT: Monthly expenses for me are around 1,200-1,500 all inclusive, even luxuries. Sometimes a little extra if car rego is due. I cook at home and was raised to be a tight ass. Rent clocks up the most. Currently I earn 2,800 per month (I was dropped to part time, it used to be more) - with 1k going straight into savings. I had to dip into it over Xmas for a holiday before all this shite happened, but it should keep growing until I lose this job. + +UPDATE: Yes, I will go to the dentist! +Am I the only one who just got a dividend payment from SCHY? On 118 shares I received $5.91, wasn't this supposed to be paying out 2x a year at a much higher yield around 4%. Insight? +Again, as the title implies, I am just looking for old trading strategies regardless of language. I don't care if they are profitable or not, I just enjoy looking through others code and feel it is a great place to learn. Any help is appreciated. Cheers! +So 2020 is officially in the books. How did your 2020 portfolio do? Was it a good year or bad. Were you able to buy that nice march dip? I was up 42% in the past year, and I am sure there are many of you here, who were luckier than I was. +Let me preface this; I am well aware that Crypto is basically gambling, but there still has to be SOME kind of evaluative process to gauging viability of certain coins. Right? + +I have a guy a work who 'researches' alot about crypto, always telling me about coins coming out and interesting things going on with crypto. Man is an idiot for the most part, but has seemingly predicted several coins that have at least 4× their value months before it happened. He is a gambling addict, so I take little stock in what he says; but it got me wondering how or if there actually is some way of evaluating crypto or is it basically dumb luck? + + +Today we’re going to talk about float, what it is and how you can build billion-dollar companies with it. Float is the money that a business receives today but doesn’t have to pay out until sometime in the future. Float is most commonly seen in insurance companies with customers paying premiums upfront to insure themselves against bad things happening sometime in the future. More examples include: Video game publishers, where they receive pre-orders. Commercial banking when they receive deposits and so on. + +Why is receiving money upfront so valuable even when it needs to be paid at later date? Well, you can invest it! And the longer you have to invest it, the more likely it will grow larger than the amount that you will have to eventually pay out! So, you can see how easily this can snowball. Say I owned a tiny insurance business that insured $1,000 worth of damages for a year in exchange for a $100 upfront payment. If I have $10,000 in the bank I can safely have say, five customers insured like this every year for $500. Every year I can invest the money I got from those new customers and every year the cash I have grows so I can safely insure more customers and the cash you have grows in an exponential manner. Ok cool got it. So, what does this have to do with Berkshire Hathaway? + +Sometime around the mid-1960s Mr. Buffett realized, with the help of his friend Charlie Munger, that he can’t keep investing in broken down businesses and had to instead look for “franchise” business that will continue to compound his hard earned capital through thick and thin. The next thing he realized is that he couldn’t just rely on the free cash flow generated from those company’s and had to instead find low cost financing for his acquisitions. That low cost financing came in the form of an insurance float which, as we’ve seen, are the premiums paid by insurance customers up front in order to be paid out by the insurance company later. Buffett bought a ton of these insurance companies starting with National Indemnity in 1967 + +Wait, why did we just say that float is low cost financing? Why is it financing and what is the cost of that financing? Well, float is financing because you are receiving money today, but you have to pay it out sometime in the future, exactly like a loan. The beauty of float though is that you don’t have to pay interest on that money! The only “interest” that you have to pay on that money is the normal cost of operating your business. + +We’ve already seen why float would matter so much to Buffett, but it bears repeating. A dollar you receive today is worth more than a dollar you get a week from now because you can invest it at some rate to receive more money in the future. Buffet realized that the more float he had, the more float he could invest to buy other businesses. Float would compound in lockstep with the free-cashflow generated by his other businesses and in time create a juggernaut. + +The final step in the Berkshire secret formula was increasing the duration of time between when the premiums are received and when they’re paid out. So, for Buffett, this meant buying up longer tailed insurance companies like insurance for catastrophes, and recently, Reinsurance companies. And there you have it! This is the basic DNA of one the most successful stocks in over the past 50 years and they’re still going at it. +So I decided to do a little analysis with the raw data to see how bad the housing “shortage” really is. Really what I’m attacking here is the claim that “There was a housing shortage before covid and the pandemic has only made it worse.” Now I’m not talking about the supply of homes currently on the market, I’m talking about actual amount of housing units in existence and size of households. I cannot find data to support this claim. I primarily used Census data from 2010 to 2020. + +If construction is truly falling behind population growth, then the average household size would have to increase. More people living together since there are fewer housing units. However, in 2020 the average household size is at its lowest level in history, around 2.6. If there was truly a housing shortage this number would have to increase. + +Let’s look at the stats. + +2010: +Population: 303,965,272 +Housing Units: 130,038,080 +Households: 114,235,996 +Occupied Housing % (Housing Units/Households): 88% +Avg Household Size (Population/Households): 2.66 + +2020: +Population: 326,569,308 +Housing Units: 138,432,751 +Households: 122,354,219 +Occupied Housing % (Housing Units/Households): 88% +Avg Household Size (Population/Households): 2.67 + +So not only has the average household size not changed, but 12% of houses are either vacant, second homes, STRs, or otherwise not a primary residence. This has remained constant over the last decade. + +Okay, so there’s not a housing shortage? Well, maybe if we look at Single Family Homes, we will find it there. Maybe everyone is just living in apartments when they want to be in a SFH. + +Occupied detached SFH in 2020: 72,197,149 +Occupied detached SFH in 2020: 76,872,368 + +When dividing both of these into the total amount of households, we find that this also remains constant at about 63% of households living in detached SFH over this period. So nothing has really changed since 2010. + +Final thoughts: +I understand I only went back to 2010 and that there were major housing market change from 2000-2010, but still, I was surprised to see that construction does seem to be keeping pace with population growth over this period. +Am I missing something here? Interested to hear your insights or flaws in my analysis. Thanks. + +Sources: + +Total Population: +https://data.census.gov/cedsci/table?q=ACS%20dp05 + +Total Households and average size: +https://data.census.gov/cedsci/table?q=ACS%20S1101&tid=ACSST5Y2020.S1101 + +https://www.statista.com/statistics/183648/average-size-of-households-in-the-us/ + +Total Housing Units: +https://data.census.gov/cedsci/table?q=housing%20units&tid=ACSDT5Y2020.B25001 + +Occupied SFH Detached: https://data.census.gov/cedsci/table?q=ACS%20S2504&tid=ACSST5Y2020.S2504 +So I was going through my files and found this list of stocks and “predictions” that I was investing in back in 2007. I think i had planned to post it but never did. I am not sure what the 2 or 3 prices are but I am adding the current 2020 price at the end. This is all unedited other than the current price add. If I put N/A I can’t find current price and don’t really have time to research what happened to the company. If someone else wants to I will edit it later. I also didn’t factor in any splits, dividends or anything. + + + +“My 2007 portfolio (original Purchase price and market close as of 12/28/2007) + + + +The Blackstone Group L.P. -BX ..........22.40..........21.94..........20.27 (2020 $60.42) +I don't normally buy recommendations I see in magazines. By that time the stock has normally reached its potential. I think that Blackstone may be a safe bet due to crashing of almost every major company. This selection was pretty much a dart thrown blindfolded. + + +CombinatoRx, Inc. - CRXX ..........7.63..........4.41..........1.33 (2020 N/A) +With America's obsessions with pills to cure everything and anything and our demand for better health coverage, I think medical stocks will see a rise this year. + + +Starbucks Corporation - SBUX ..........20.21..........20.13..........59.39 (2020 $98.82) +I actually build Starbucks retail centers for a living. I built a ton of them in Southern California during 2006-2007. When they stop building the stock will go up. Even with a crashing economy. Why? Because even though other shops may sell coffee for less or people may be out of money, the rich love Starbucks and those who will be hurt by the economy will need a cheap "pick-me-up". So instead of the $2000 plasma TV, they will buy the 4 dollar coffee. Of course, all of this rest on the hope that they will STOP building more. Because that is what is killing their profit margin. + + +Ford Motor Company - F ..........6.72..........6.70..........13.36 (2020 $9.24) +I like underdogs. I think Ford still has potential it just needs a kick in the head. I think they will shape up and realize that America no longer desires gas guzzling SUV. Or the "eco-friendly" hype will fade and people will start buying gas guzzlers again. Either way, Ford has been losing for a long time. They only have two choices now, go bankrupt or get their act together and excel. + + +Flextronics International Ltd. - FLEX ..........11.04.........12.12..........6.82 (2020 $16.71) +This one relates to magazines picks. Money magazine picked Pemco Aviation Group, Inc. - PAGI - as a winner back in early 2007. I took a look at the stock and saw that they were already running on high times. Did some research and found one of their competitors, FLEX, which hadn't had a winning stride in awhile. Pemco has since tanked. Flex has held it's ground and is slowly going up. + +Ferro Corporation - FOE ..........21.58.........21.17..........7.05 (2020 $14.56) +Over a ten year period of past performance, I felt that now was the time for Ferro to regain its formal potential. It's a nice game of wait and see. + + +General Electric Company - GE ..........35.80(37.21).........37.34..........21.50 (2020 $10.15) +All you ever hear about these days is the success of GE. With our obsession with alternative energy and GE's willingness to explore, I can't see how they can lose. + +Insite Vision, Inc. - ISV ..........1.44........0.88..........0.32 (2020 N/A) +This is my million dollar stock. I'm counting on it skyrocketing around 2009. That or bankrupting tomorrow. + +Sun Microsystems, Inc. - JAVA ..........6.28..........18.21 (2020 N/A) +I will probably be selling Sun Micro very soon. It has done well for me. I need to research some more on it. + +Northgate Minerals Corporation - NXG ......... 3.08(3.23).........3.08..........3.49 (2020 N/A) +All other companies in this sector seemed to be rising. Except Northgate. I don't really understand why, but I am hoping it gets with the program soon. I'd like to sell this one soon. I don't see much long term potential in it. + +Origin Agritech Ltd. - SEED ..........7.20..........7.17..........1.75 (2020 $9.55) +I just found this stock recently and am hoping it may be a short affair that I can get out of on the top. According to research, it seems they like to pick up every other year. 2008 will be that year. + + +T. Rowe Price Group, Inc. - TROW .......... 46.61.........60.18..........76.29 (2020 $145.50) +We are all becoming more investment savvy. And with the destruction of social security we are seeing more people relying on their own means to retire. This is one of the trusted companies that doesn't seem to be engaged in any scandals nor mortage woes. But it is also at the peak. Gonna be time to get out soon. + +American Express Company - AXP ..........63.04.........50.84..........67.45 (2020 $119.93) +American Express is one of those companies that doesn't rely so much on APR but more on annual charges. With all of the debt woes and defaults on credit cards and mortgages more people will flow to their cards. They also have more financial savvy customers who can and will pay their bills on time. + +Boston Scientific Corp. - BSX ........... 16.15.........11.72..........7.35 (2020 $33.65) +Pharma stocks will be king in 2008. And every four years this stock rises. 2008 is the fourth year. + + +Citigroup Inc. - C ..........33.96 ............29.29..........46.46 (2020 $55.47) +Don't buy them now. They have a LOOOOOOONG way to go to the bottom. But once they hit, I think this company has the greatest potential to get through the muck and mess to rise again. I'll be there waiting when the time comes. Late 2008/early 2009. + +DepoMed, Inc. - DEPO .......... 4.30 .......... 3.26..........5.45 (2020 N/A) +Over a ten year period this stock has its perks and its lows. The perks have been low and the lows have been lowest. I am counting on the next 5 years to be extra perky and full of higher lows. + + +Genentech, Inc. - DNA .......... 76.97 .......... 67.51..........??? (2020 $94.97) +This one is a tough call. It's an expensive pharma stock that seems to be at its peak. But they seem to understand success and what makes it. Can they continue the success rate in 2008? I hope so. + +International Paper Company - IP ..........32.55..........32.55..........47.69 (2020 price $49.85) +The past three years have been awful for International Paper. Good news for us is that this company is cheap to buy. And of ten years they actually do pretty good. Here's hoping. + + +Pfizer Inc. - PFE ..........22.90 ..........22.90..........31.08 (2020 $39.47) +Once again, the worst years have been the recent ones. Everything changes and the weak will rise again. This one will be a soon purcahse. + + +Sprint Nextel Corp - S ..........13.16..........13.16..........7.10 (2020 N/A) +No one likes Sprint/Nextel right now. They suck. They stink. But they want to be at top. They want it more than the others do. And I'm sure they will do whatever it takes to get to the top. It won't be soon, but eventually, they are gonna hit the top spot. And I'll be selling like hot cakes when they do. + +So that's my prediction for 2008. I would love any advice, news or comments you can send my way. Remember, the stockmarket is a gamble. I'm not always right. But I'm not always wrong either. You just got to do your research and hope for the best. It sure beats paying some other guy to do it for me.” + + + +Looking back at this, I sold everything in the housing market crash, not because of the crash but because I desperately needed the money as my business I had started went under and I was going to lose my house. I didn’t have a lot invested as I was still new to it at the time. I remember T Row I could barely afford. + +I invested no where near $20,000 but I am curious about an accurate value of what a $1,000 in each stock would now be worth. A quick spreadsheet not accounting for compound interest, dividends, or splits with $1,000 in each stock above I would currently be sitting on $25,990. + +I thought some people might find my naive speculation entertaining. +Hello, + +Just curious what is your rule for selling CCs on the stock you want to keep. Specifically what strike price do you choose if your are selling weekly or monthly? Do you go by Delta or % above the current price? I basically want to set it and forget it, but with in reason. +It happens often, and it seems like common sense. But, how often have you been called by your loan company, or your phone company, or your insurance company, or internet company, and that call has started with something like: + +> "Hello, this is Sandra from Comcast calling about your account. Before going any further, for your security, please verify the last four digits of your social security number." + +And then you just tell them. + +This is *insanely* easy to spoof. It doesn't matter if you have legitimate business with the company, or if you owe them money. It doesn't matter if you're worried that ignoring them will "make them angry" or anything like that. **It doesn't matter if the caller ID matches the number you expect it come from.** + +Even these simple phone calls should be refused. + +> "I do not give out any personal information to someone who calls me. I have no way of verifying who *you* are, or if the phone number has been spoofed. Please tell me what matter this is about, and I will call the number posted on your company website to discuss it." + +If they refuse, then hang up. If you are worried, then call the official number anyway and tell the representative that you just received a call that got disconnected, and you'd like to know what the call was about. + +Do not let them make you feel crazy. Do not let them make you feel paranoid. Do not give in no matter how reasonable it may seem. + +Once, I was 45 days late on my car payment. They obviously called me about that. They always tried to verify. I always refused. This didn't result in anything extra on my credit, this didn't result in anything worse for me, it didn't make them pursue legal action. It didn't affect my future customer service with them. + +I simply called back on the number that I usually contacted them, *then* verified who I was, then I explained my situation and when I planned on bringing my account back up to date. + +Never, ever, ever give out any Personally Identifiable Information on a call unless you made the call *and* you trust the other party. This includes, but isn't limited to: + +- Address +- Full name +- Drivers license +- Bank information +- Credit card information +- Payment history information +- Current balance information +- Connect/Disconnect dates +- Account numbers (even for non-financial accounts like your electric company) +- SSN +- Tax information +- Employment information +- Names of relatives +- Names of people you live with + +Don't give *any* information to someone who calls you and claims to be with a company that has business with you. + +EDIT: + +I should note, **this includes calls from a government agency that calls you, such as a tax authority, a licensing board, or a welfare agency**. No government agency is going to throw you in jail for refusing to give personal information over the phone in nearly every country on the planet. + +EDIT2: + +This also includes **asking them questions which reveal personal information**. Such as, "do you have my new address?" or "Did you send an email to [address]?" or "What was the amount I paid last month?" + +You might ask these questions in an attempt to reverse it and make *them* verify themselves. But even questions like the last example above give away information you don't want a scammer to have. You don't want a scammer to know for sure that you *have* made payments to a specific company, you don't want them to know you recently changed addresses, you don't want them to know your email address. + +This is why, as I said above, you should hang up instead of trying to make them verify who they are. **This is true even if it's from a company you know you do not have business with**. If you get a call "from Comcast" about your account, but you have a different provider, don't let the caller know that you don't have a Comcast account, and don't let them know who your provider actually is. Tell them the same thing you would tell them if you did have an account: + +"What is the matter about so that I can call the normal customer service line and discuss it?" + +EDIT3: + +This is true **even if they volunteer some kind of verification**. A scammer might know the last four digits of your SSN, or know the last four digits of your credit card, and then leverage than into getting more information from you. It doesn't matter what they say, or what they provide as proof. **You still never give out personal information over the phone unless you made the call yourself**. +We recently had a yard sale and my wife sold a bunch of plants that she started as cuttings from her existing plants. We made $240 in a morning with most of it coming from the plants. Takes time and energy to grow them, but during the warm months it could yield a bit of cash. +https://www.google.com/amp/s/www.cbc.ca/amp/1.5473370 + +What do you all make of this? + +Furthermore, do you think is bullish for current producers (such as Suncor) due to less competition for pipeline access or bearish as it shows sector weakness? +My boyfriend and I are now thinking seriously about marriage and I want to make sure we have ample discussions before we take the big step. Both of us work at FAANGs and in our mid/late twenties so while we still have a while to go (1M combined net worth), we will eventually hit fatfire status in another decade or two. What discussions would you suggest we have/what did you wish you had talked about before getting married? + +We've covered some of the big ticket items - kids/family, finances (we'll do a more in-depth discussion later in the year), careers/locations. I am looking into a pre-nup but given all comments here, I'm not sure if it's entirely useful for two people that make the same amount of money. I do agree it's good to talk about all the things a pre-nup would cover. I'm also going to be looking at general pre-marriage counseling questionnaires on the internet. Thanks! +Everyone is talking about transformation, well the absolute best way to do that is to listen to your employees!! + +Incase y’all on superstonk haven’t seen it, r/gamestop is filled with employees that have simply had enough. Regardless what it is they deal with (being blatantly passed up for promotions in favor of a new hire, being treated unfairly, poor pay, ETC) these great people aren’t getting the love they deserve from the company currently!! + +Ryan Cohen, if you’re reading this I urge you to take this seriously and transform this company into a place everyone wants to work! You do that and greatness will follow, I guarantee it. + +Customers are important, yes. But employees are the backbone of your organization and happy employees = happy customers! +Getting to FatFire is a combination of luck and skill. Both of those are affected by the seminal experiences that we face in our path to get there. For me, there were extreme highs and lows that I went through that informed my current decisions. If I were to identify them today they would be: + +The high: Jan 2, 2000. The dot com era was booming and dot com parties were beyond belief. Everybody was making insane money (paper gains) and the turn of the millennium ushered in a feeling of peak optimism. I was going to retire in a handful of years, or so I thought. I picked Jan 2, because that is when I was recovered from my hangover from the New Years Eve party and the fear of the Y2K computer problem was proven to be overblown. We were a few months from when the dot com bust started and 21 months from 9/11. + +The low: I won't identify the date, but it was in the dot-com bust and my business failed suddenly. I realized that I had personal liability and that the creditors were going to come for me. I could have cashed out earlier, but didn't because I was caught up in the euphoria. My co-worker had, at one point, held $20M in stock in a tech company, left work, didn't sell, and had to go back to work. + +Those experiences informed how we approached the recent tech bubble. The optimism of the highs need to be tempered with the reality that extreme movements usually correct themselves. Experiencing the lows makes you value securing the win more. This time around, we scaled out over time despite the tax hits and the constantly rising markets. I now understand that the experience from more than 20 years ago, including massive failure, allowed me to overcome the basic human desires we all face. + +I am interested to hear your experiences and how they refined the way you think today. +Hello, fellow apes! + +Gherkinit here with another look forward at upcoming technical events, market fuckery, and some spectrum colored crayons. + +This week I want to go over upcoming technical indicators and take a look at some things I've noticed happening over this last week, such as, disappearing volume, lying little boys from Bulgaria, and the apparent effects of inflationary naked short selling. + +As always later tonight I will post a consolidated Video DD of this on my [YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this. + +Edit 1\* Tomorrow before 6pm Eastern.\* + +# Part I: Wedges, Indicators, and Charts + +**Section A: The Pennant, MOAW, or big ol' titz jackin' triangle** + +First thing first the one everyone is always asking about the previous descending wedge/bull pennant indicator that we have been looking at for 2 weeks now. This formation was adjusted after the week of 5/3-5/7 as I believed there was a false breakout due to GME's market valuation being fundamentally changed by the sale of 3.5M shares at $157. This week the price broke out and appears to be using the upper resistance of the wedge as support. Here is where it is currently on the 4-Hour chart. + +[Breakout on the 4hr Linear Chart](https://preview.redd.it/fv2tuf8378y61.png?width=1177&format=png&auto=webp&s=0fb36f206e4c9a6f0f602a5240890350e0bc93ba) + +The floor of 157 proved mostly true this week as we only went below it briefly on the intraday Tuesday and Thursday. We did not stay below for long. I continue to see 157 as being a very strong support trend moving forward as I believe the buy side is actively looking to purchase under that price point. + +Since the shorts are so fond of kicking the can down the road, I don't see why they should have all the fun. I don't want to change the fundamentals of the pennant but do realize it can be more accurate. So let me introduce you smooth brains to the logarithmic scale chart. + +Without going to much into log scale and why it's used, I will say the manner in which it shows data is better for a stock like GME that has undergone drastic changes in price over the period we are viewing and thus presents a more accurate view of technical indicators. + +If you want to know more about log vs. linear, check out [this](https://www.investopedia.com/ask/answers/05/logvslinear.asp) article. + +So here is the same pennant, drawn at the same angle on a log chart. + +[4hr Pennant on log chart](https://preview.redd.it/3ie9ymt678y61.png?width=1045&format=png&auto=webp&s=4d3e9e18228813286764ffdffe41759084e5f966) + +This ever so slightly adjusts the end point showing the peak at 5:30pm Wednesday. **This is the absolute last time this is going to be changed/adjusted**. I truly think this is the most accurate representation of this pennant I can create. So where do we breakout? Let's look + +[Upper channel will peak between 2-6pm EST on Monday 5\/10, the Lower channel will peak between 1:30-5:30pm EST on Wednesday 5\/12.](https://preview.redd.it/5t1mj9c978y61.png?width=1265&format=png&auto=webp&s=bdbc940e27f08205b2b066f70e8f233c329e138b) + +So we have upper and lower channel breakout points upper will occur if we trade above 162.50 and the lower below $162.50 but above $157. I believe after this breakout point that short sale value will have dried up and the cost to borrow will become greater than the value of shorting, this could be the catalyst. + +I'll go deeper into this later for now more indicators.... + +**Section B: MACD** + +This is the current state of MACD, everyone's favorite trend-following momentum indicator. It looks like we are teetering on either crossing over on increased volume to the upside, or continuing a downtrend as the signal line and MACD diverge. + +[1D timescale MACD](https://preview.redd.it/05d64smb78y61.png?width=1422&format=png&auto=webp&s=8a8524a85b00f7cd7e67d964b58719a110305bdd) + +We could get one more red day, then see a crossover on Tuesday to the upside. Mirroring the previous green pattern. + +[Possible upside move on Monday or Tuesday](https://preview.redd.it/y792cele78y61.png?width=1229&format=png&auto=webp&s=9eeaec97cc1cfc518b1246386c7740c478a85ef5) + +**Section C: TTM Squeeze** + +TTM Squeeze is a volume and volatility indicator. We are looking for 5 or more fire signals on the daily to indicate a possible upside move in the near future. We Have 7 this is a pretty good sign that we can expect a decent amount of upwards momentum this week. + +[7 fire signals on TTM Squeeze 1D timescale](https://preview.redd.it/yp393ejg78y61.png?width=1123&format=png&auto=webp&s=67fb16e218d3436a4f7be34257f6cf257f145151) + +Also the upper Bollinger band has crossed into the Keltner channel here + +[Upper Bollinger Band crossed into the Keltner channel on 5\/3\/21](https://preview.redd.it/affxf6ii78y61.png?width=1024&format=png&auto=webp&s=c38092c5ab5b7f5700a66987b45c8a8822ba153d) + +This lends more credence to the TTM squeeze signals. More info [here](https://trendspider.com/blog/how-to-trade-ttm-squeeze-indicator/). + +&#x200B; + +**Section D: Technical Conclusion TLDR** + +Everything is still looking bullish going into this week. + +There has been a lot of downward pressure on the stock these last two weeks but I believe it will not take much upward pressure for this to take off we are definitely closing in on the endgame. + +I expect we will see some interesting things happening this week as we break the pennant, TTM squeeze is set to move, and MACD looks ripe for a reversal. + +# + +# Part II: Gherkinit's Inflation Theory and Warden's OBV Theory + +I wanted to talk about something I noticed looking into u/WardenElite's [DD](https://www.reddit.com/r/Superstonk/comments/n5me5g/the_mother_of_all_wedges_an_endgame_dd_technical/) this week on OBV, and his thesis that OBV is technically trending up. How this ties into my own thesis from my [DD](https://www.reddit.com/r/Superstonk/comments/mx8nit/whats_coming_some_dd_for_the_week_of_4262143021/) on 4/25/21. + +The thesis I proposed was that due to the large number of synthetic short shares sold on to the market without being covered that the short shares themselves had taken on an inflationary nature. So similar to the dollar. Whenever the Fed prints more dollars each dollar in existence becomes less valuable because the total number of dollars in existence increases. This is dilution. Plain and simple. + +In my previous DD I explained how I saw that short volume sold was having less of an effect over time. + +More short volume sold = less change in price of the stock. + +I believe much like in my dollar value example, they have simply counterfeited to many short shares and now each share is worth significantly less. + +I think warden's post earlier this week confirms my theory as OBV is becoming unaffected by what the data shows to be ever increasing short pressure. So previously they were able to tank the price and now they are selling 59%+ of our daily volume short and the price is staying the same + +[http:\/\/shortvolumes.com\/?t=GME](https://preview.redd.it/7kl674rk78y61.png?width=826&format=png&auto=webp&s=c6ccf0fa28dcf12100c7ec1667bb3f0eff5bd5c7) + +Here is the effective price change from all that shorting + +[https:\/\/www.investing.com\/equities\/gamestop-corp-historical-data](https://preview.redd.it/m9dr06xm78y61.png?width=671&format=png&auto=webp&s=9a15e141d73eb6f600496261e04aeb12083b874a) + +We are up 6.57%... + +I want that to sink in + +So I think this inflationary nature of these short positions is getting to the point were they can in fact no longer keep the price down. Meaning Warden and I have come to similar conclusions with different data (separately, we have not colluded on this) that end of his wedge or my pennant (doesn't matter) signifies the point at which they can no longer keep the price stable. + +My theory is that the value of long positions, as there are so few of them available, is enough of a catalyst to push the price up. + +Remember if the price surges, FOMO kicks in, and then margins will be called. + +# Part III: Why so short? or Lender's Fuk Hedges? + +This part is speculative but I think it makes sense and the conclusions add up. In my experience, that's usually a good place to start. + +**Why keep making or buying these synthetic shares?** + +If they are in fact losing the ability to net a positive change for the short side why keep compounding the problem?... + +**Incentive.** + +I was looking through the Dave Lauer AMA and he kept mentioning rebates. I don't typically go short stocks except through options and I don't use margin. So this is only something I vaguely remembered from school and had to embarrassingly look up. + +Basically any time you short a stock you borrow the share from a lender and you pay a stock loan fee + +***value of securities borrowed X number of days borrowed X agreed rate/number of days in the year = Stock Loan Fee*** + +In addition you must post collateral of: + +***value of securities borrowed X the agreed margin = stock loan collateral*** + +This collateral can be non-cash (eg other liquid equities or government bonds) or you can post cash collateral. + +**Now here is what intrigued me.** + +Sometimes in certain arrangements with larger investors a lender will offer a [rebate](https://www.investopedia.com/terms/s/stock-loan-rebate.asp) for using cash collateral. These rebates are a payment on interest or earnings for the cash held to cover collateral from the lender to the borrower. This rebate typically can offset all or some of the lender's fees to the borrower depending on the Securities Lending Agreement between the two parties. + +**So how does all this tie into GME?** + +The first thing that got me looking into this was a question I get five times a day on my stream, at least. + +**"Why is the borrow rate on GME so low?"** + +GME has a ludicrously low borrow rate for a stock that has as much short interest (as shown above) as it does, currently 0.94%. Other stocks with I suspect are significantly less short (eg AMC: 26.64%,KOSS: 90.80%) have much higher borrow fees than GME. + +This led me to the thought + +**"What if it was in the lenders best interest to keep the rate as low as possible to incentivize SHFs (short hedge funds) to continue shorting the stock ?"** + +It could be if the lenders can make it lucrative for the SHFs to short why would they stop so I started building a scenario in my head what if the deal looks something like this. + +[Incentivized borrowing agreement](https://preview.redd.it/i5b4ttep78y61.png?width=1300&format=png&auto=webp&s=479429fb722f3c3caebb08adafc7e09f71911622) + +So the lender lays out a deal where simply by posting the cash collateral the SHF is able to short the stock at no fee while earning the interest or profits off the cash held in collateral. This incentivizes the SHF to continue shorting the stock as the are making profits while accumulating larger and larger short positions. While the Lender accrues more and more collateral. + +The more cash held the higher the interest payment and the more short they can be on GME. In this scenario they are essentially being paid to short the stock. + +**Sounds like the deal of a lifetime. So, what's in it for the lender?** + +Well if I were a lender for a SHF I would have intimate knowledge of what their positions looked like. I would also know that when they extended their positions instead of closing the loans they were at risk of defaulting. If they default I keep their collateral. + +**Why would I only want some of their collateral when I found a way to have it all.** + +Well for this to work the hedge funds would have to be trapped in a cycle of shorting, a lost position with no way out. + +*We will pick this back up in a minute.* + +&#x200B; + +This week I hit the front page with an albeit inflammatory post, I still contend it had merit and I am going to show you why I don't think the hedges ever covered. This was essentially what I posted about. + +[When a little boi from bulgaria does a fibby](https://www.reddit.com/r/wallstreetbets/duplicates/n6i28o/did_vlad_do_a_perjury/) + +So Vlad is a liar, what's new? Why not sideways talk your way out of it? Why didn't he stall? How come none of the 10+ people in that room stopped him? + +Well, they thought they could sell the narrative. That things went wrong during unforeseen market action, they had to cover, they lost money and they were sorry. I think they assumed since the price was sitting at $40.69 retail would buy it too, bag holders would eat their losses and learn their lessons, selling out of their positions, and business would go on as usual. + +I got a lot of comments this week as to the inflammatory nature of my post. I wrote it in a rush and I didn't back up my point. For this I apologized and I will do so again. It has never been my intention to misinform this community. + +But starting this DD this week I accidentally looked at something that I hadn't for a while, **I zoomed out**. when compiling data for my log-scale charts I realized something. + +**We didn't realize how fuk the shorts were because we weren't looking at the big picture.** + +[The short positions were created back in 2015](https://preview.redd.it/4wfb7l9s78y61.png?width=1417&format=png&auto=webp&s=3079fdda383f2b641deba521af75ede57f92a499) + +By the looks of the OBV (thanks! u/WardenElite) they had a pretty successful run of shorting from October 2015 to July of 2020 and then the stock started to climb slowly. They definitely continued to short during the period from July -Dec 2020 reaching the short interest they did in January of 143% short. I think that the slow creep from $3 in July to $20 in December locked in their positions that they had been building for **five years** and the run up in January cemented it. + +If they shorted at $3 and the price was twenty that represents a 566.67% Loss + +At Friday's price of $161.11 that loss would be 5270.33% + +# Part IV: One Neat Little Package + +So I am gonna attempt to tie all this together I may be wrong about some things I will update throughout the week. + +My theory is, they never covered not only because they couldn't, but also because the lenders have been incentivizing them to continue shorting through profitable rebate agreements that allow them to short the stock infinitely. + +What the lenders, I believe, realized is that the were trapped in the positions they had no option but to continue shorting the stock hoping the interest would die down and retail would back out. + +The Lenders took advantage of their "trapped" positions by structuring deals that would help them continually short the stock at the cost of cash collateral. The lenders win either way either off the profit of the borrowed shares or accruing collateral on loans that were guaranteed to default. + +**The lenders are lending synthetic shares because they know that in the event of a default it won't matter, because the shares will be diluted along with the rest of the assets.** (Sound familiar? It should the lenders are doing to the SHFs, what the SHFs are doing to GameStop) + +The only missing piece of this, + +**Do lenders pay taxes on seized collateral from a defaulted loan?** + +Finally, I am starting to think we aren't waiting for a squeeze + +**we are in the middle of one**. + +[MOASS? When in doubt, zoom out :\)](https://preview.redd.it/5dkw4pcv78y61.png?width=1082&format=png&auto=webp&s=f151c6b82a092e76bcf9d5f240a774481f3779a7) + +So that's where my heads at right now... + +I have been writing this for hours I'm jackkked to the titz! But my eyes are sleepy. Let me know if there is anything I didn't tie together and let me know if there is anything I left out. I will be editing this over the rest of the night. + +TLDR; Read it, it's a lot... + +Thank you all in advance for you support! This community has been super amazing hope this doesn't disappoint. + +\- Gherkinit + +Edit 1: I'm so sorry to those of you waiting for the Video DD. I will not be able to do it till after the stream tomorrow. This write-up took up all of my day besides Mother's day stuff. I promise it will be available by 6pm EST tomorrow. + +*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +I purchased my first home this year and it is a duplex. I have grew to hate the house and the stress of being a landlord. The house is 100 years old and it just not my style. I put a 15 percent down payment and have already done about 6k in repairs. I think and stress about this house 24/7 and want to desperately move on with my life being that I just turned 25. Am I being realistic here? Should I wait a couple more years? + +Purchased at 205k + +15 percent down payment + +1 side rented at $900 +Hi all, + +I have several relatives and friends who are part of Mastermind groups such as EO and YPO (and in some cases, both!) They say they get a lot out of it, particularly with the Forum/Mastermind group concept. + +However, because it's so confidential, I haven't actually heard WHAT makes it so special. Since this forum is anonymous, I want to hear from people on this sub as to what makes the Forum/Mastermind concept so special, and why people in these organisations can't seem to stop talking about it. + +P.S. If the last line comes off as too jaded, it probably is. Everytime I meet one of these relatives, it's like that joke about Harvard ("How do you know someone went to Harvard? He'll mention it in the first five minutes of him meeting you") - they just can't go one conversation without referring to Forum/those organisations. +Just mucking around with my tax return and the ATO's calculator to see how much i'm owed/ need to pay to the ATO. + +&#x200B; + +Weirdly enough, when i click 'estimate return', it says I owe the ATO a large chunk of money and one of the line items in the payables is 'Compulsory Higher Education Loan Repayment' AKA HECS which is fine. Only thing is, my employer has been deducting payments for the entire year from my salary to cover this and my payslips verify this. + +&#x200B; + +Any ideas why the ATO hasn't factored this into my return and says it's outstanding? Is it because i need to wait for the ATO to actually deduct the funds it has in holding from the principle amount? + +&#x200B; + +P.S This community rocks, it's so good to have a group of financially literally people readily and willingly divulging valuable info. +About three months ago, I had some obvious fraud on my account- charges that were made nearly 300 miles away from my location at the time, so I reported them as fraudulent. Wells Fargo issued a temporary credit, and I went on with my life. + +10 days later, I receive notice that the claim has been resolved. I do not receive any further information, or take any further action since I think it's a good thing. Then yesterday, the entire claim was reversed, removing $475 out of the $500 in my checking account, leaving me with nothing, and no explanation why. I call W/F only to be directed to the claims department where it appears there is not a single person working since I am put on hold for a total wait time approaching 4 hours. I really need help with this is issue ASAP, but W/F claims that due to COVID-19, 'unusual' wait times would occur. I wasn't aware that 'unusual' meant not working at all. + +Is the next step to go in to a branch? What should I do? + +Update: +Instead of calling the fraud/claims department, I decided to go to customer service and bring about my original issue of getting 0 response after hours on hold. I made a point that it was unacceptable even in these times to reverse a claim without enough supporting information, and I would need to go to a 3rd party to file a complaint If nothing could be done. They were able to personally direct me, and after about an hour process the claim over again and refund the money. I am currently in the process of finding a new bank/credit union to avoid having these issues in the future, thanks for all the input thus far! +So my mother is nearing the end of her battle with pancreatic cancer. I have taken over managing her finances for the past year or so as it’s all been too much for her. We have a trust that owns 2 (fully paid off) properties: one where my sister lives (essentially rent-free, only pays maintenance fees) and one that is rented to a tenant. Then there is my mom’s personal residence, which has a mortgage on it. Up until recently, the Trust had 3 properties, but one of them was several states away and my mom decided she’d rather sell it than keep renting it out. So the proceeds of that sale are sitting in the Trust account now. I figured I would wait until we do taxes to figure out where to put it (not sure what we’ll have to pay on the profit etc). I’m not sure which direction to go: +1 - Use the proceeds of the recent sale to fully pay off my moms mortgage. Transfer ownership into the Trust and rent it out. +2 - Leave the mortgage as is. I’m assuming when she passes I will be able to take ownership of the property/mortgage and rent it out to cover mortgage/expenses. Use the proceeds from the recent sale to either buy another investment property or invest. +3 - Arrange to take over ownership now. This way my mom will not have any money or property to her name when she passes and any medical/credit debt will be waived? + +(Currently I have a chunk of her money in an account under my name and I pay her medical expenses from that (she pays with credit cards and I pay the cards in full every month). But I was recently told I should start just paying the minimums on the cards as I will not be responsible for them upon her death. + +It’s all confusing to me and I am so hesitant to pay for a financial advisor yet. Any insight would be appreciated :) +Hey guys. I’m an absolute rookie and jumped on board what feels like way to late. I want to learn as much as I can to earn as much as I can but also be educated with the decision I make. + +Basically what I’m getting at is I’m just wondering if there was any courses or qualifications you guys sort out or studied to become educated in the world of crypto. I’ve watched so many videos and read report, articals and blogs. I’ve reached out to friends and family but still only have a vague idea and would love to know of something abit more professional to study. + +Thanks in advance ! +Hello Great Apes of the world! 👋 Today's dip has tested our resolve, and we have exceedingly passed the test. The FUD machine was turned to the max. Nevertheless, Apes held. Apes bought. Apes sustained ourselves on God-Tier DD, Elliot Waves Theory, Exponential Floor, and Ortex share counts. Let us now gather and watch low-frequency updates from a single German exchange as we prepare for the US pre-market to open! + +###🚀 Buckle Up! 🚀### + + +- 🚀 [US pre-market is open!](https://finance.yahoo.com/quote/GME/) 🚀 +- 🟥 120 minutes in: **$232.93 / 191,43 €** +- ⬜ 115 minutes in: $233.06 / 191,52 € +- 🟩 110 minutes in: $233.06 / 191,52 € +- 🟩 105 minutes in: $232.30 / 190,90 € +- 🟥 100 minutes in: $231.51 / 190,25 € +- 🟥 95 minutes in: $232.14 / 190,77 € +- 🟥 90 minutes in: $233.33 / 191,75 € +- 🟩 85 minutes in: $233.42 / 191,82 € +- 🟩 80 minutes in: $233.27 / 191,70 € +- 🟥 75 minutes in: $232.78 / 191,30 € +- 🟩 70 minutes in: $234.03 / 192,32 € +- 🟥 65 minutes in: $232.75 / 191,27 € +- 🟥 60 minutes in: $232.84 / 191,35 € +- 🟩 55 minutes in: $236.43 / 194,30 € +- 🟥 50 minutes in: $234.43 / 192,65 € +- 🟩 45 minutes in: $234.46 / 192,68 € +- 🟥 40 minutes in: $234.30 / 192,55 € +- 🟩 35 minutes in: $234.67 / 192,85 € +- 🟩 30 minutes in: $234.12 / 192,40 € +- 🟥 25 minutes in: $232.93 / 191,43 € +- 🟥 20 minutes in: $233.30 / 191,73 € +- 🟩 15 minutes in: $233.94 / 192,25 € +- 🟥 10 minutes in: $226.70 / 186,30 € +- 🟩 5 minutes in: $238.96 / 196,38 € +- 🟩 0 minutes in: $236.65 / 194,48 € +- 🟥 US close price: $220.39 / 181,12 € *($230.50 / 189,42 € after-hours)* + + + +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.216847. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +I'm not trying to permanently take over this tradition, just keep it going for fun on days when u/DerGurkenraspler doesn't start the thread at the normal time. They have been unexpectedly absent recently, but I will gladly bow out of this role when they resume updates. + +Many apes are concerned for our German friend. While I have not heard directly from u/DerGurkenraspler, I have heard from someone who had been in contact with them previously that it seemed likely that they are okay, but have some external factors that they need to focus on. +Hi everyone, + +My goal for 2022 is to buy my first property and it’s a bit daunting with not having any experience. I am curious about commercial (multi family) but I recognize I need more money and experience before I can get there. I would love to hear about your personal experience at purchasing your first property and where you are now. + +- How much money did you have saved for your first property ? + +- What type of property (units, condition, cost) + +- What type of job/income did you have at the time? + +- How much real estate do you own now? + +Any other advice or helpful info is greatly appreciated ! +Hi guys! trying to evaluate the best and safe way to invest my money. do you think it is doable? Is holding stock and selling CC a viable option for the next 10 years considering that I am convinced that a recession will come and at least the next 5 years won't be so nice for the markets..? I am not so convinced owning leaps would be a good option since my guess is that by 2024 the markets won't yet recover... please tell me what you think. Also, what companies would you recommend for a dividend portfolio? thanks. +All Posts relating to Buy Now Pay Layer goes here until this thread is no longer stickied. + +Only exception are GAINS and LOSSES posts. + +BNPL. Gotta Owe Them All. +According to Redfin, home contracts are falling at the fastest rate since March / April 2020. + +For context, the fall out rate from home buying contracts hovered at a steady \~12% for three years leading up to the Pandemic. Homes are now falling out of contract 14.9% of the time for June 2022. This is not a dramatic fall-out rate yet but I think it will be interesting to keep an eye on. It seems buyers are more likely to have contingencies and are either forced to pull-out (because of higher interest rates) or not afraid to pull out of a contract. + +[https://www.businesswire.com/news/home/20220711005232/en/Home-Sales-Are-Getting-Canceled-at-the-Highest-Rate-Since-the-Start-of-the-Pandemic](https://www.businesswire.com/news/home/20220711005232/en/Home-Sales-Are-Getting-Canceled-at-the-Highest-Rate-Since-the-Start-of-the-Pandemic) + +This of course does not mean the housing market will crash but at the very least it seems we are going back to a balanced market where buyers at least have room to negotiate contingencies such as inspection. + +In addition, it might also mean that Buyers were not able to lock in a lower interest rate for long enough after putting in an offer, and unable to afford the newer higher rate by the time closing happens. +Does anyone else think a daily thread is needed for these? Seems like half the posts these days are this type and they often provide little insight outside of a cost and picture, which I find kind of useless for this sub. Am I the only one that feels this way? +Guten Tag to all of you Great Apes around the world! 👋🦍 + +Well, Friday was certainly an exciting day for GME, but we've learned time and time again that the short hedge funds will continue to attack the stock we like to try to demotivate us. While nobody can say what will come this week, I personally expect some continued shorting. Fortunately, we continue to validate the DD, we continue to see the SHF desperation, and the MOASS remains inevitable. Apes with Diamantenhände will lead the charge as we get another day closer to the MOASS. I, for one, am looking forward to HODLing with all of you until that day comes. + +Today is Monday, August 23rd, 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: **$160.75 / 137,43 €** *(volume: 633)* +- 🟥 115 minutes in: $161.29 / 137,89 € *(volume: 613)* +- 🟩 110 minutes in: $161.58 / 138,14 € *(volume: 592)* +- 🟥 105 minutes in: $161.27 / 137,88 € *(volume: 552)* +- 🟥 100 minutes in: $161.67 / 138,21 € *(volume: 538)* +- 🟩 95 minutes in: $161.73 / 138,26 € *(volume: 518)* +- 🟥 90 minutes in: $161.42 / 138,00 € *(volume: 505)* +- 🟥 85 minutes in: $161.56 / 138,12 € *(volume: 474)* +- 🟩 80 minutes in: $161.59 / 138,15 € *(volume: 449)* +- 🟥 75 minutes in: $160.59 / 137,29 € *(volume: 330)* +- 🟩 70 minutes in: $160.97 / 137,61 € *(volume: 315)* +- 🟩 65 minutes in: $160.51 / 137,23 € *(volume: 313)* +- 🟩 60 minutes in: $160.26 / 137,01 € *(volume: 295)* +- 🟥 55 minutes in: $160.19 / 136,95 € *(volume: 280)* +- 🟩 50 minutes in: $160.21 / 136,96 € *(volume: 280)* +- 🟥 45 minutes in: $160.21 / 136,96 € *(volume: 235)* +- 🟥 40 minutes in: $160.22 / 136,97 € *(volume: 208)* +- 🟩 35 minutes in: $160.31 / 137,05 € *(volume: 196)* +- 🟥 30 minutes in: $160.25 / 137,00 € *(volume: 149)* +- ⬜ 25 minutes in: $160.31 / 137,05 € *(volume: 148)* +- 🟩 20 minutes in: $160.31 / 137,05 € *(volume: 144)* +- 🟥 15 minutes in: $160.28 / 137,03 € *(volume: 136)* +- 🟩 10 minutes in: $160.31 / 137,05 € *(volume: 136)* +- 🟩 5 minutes in: $159.75 / 136,57 € *(volume: 108)* +- 🟩 0 minutes in: $159.74 / 136,56 € *(volume: 26)* +- 🟩 US close price: $159.30 / 136,19 € *($159.60 / 136,45 € 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 1.16970009. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Due to inflation, the debt incurred in the pandemic was effectively cut + +https://preview.redd.it/cmucw6xv6yx81.png?width=1168&format=png&auto=webp&s=ec08f2c300fb3a630938d65aebca11a7c6d216f9 + +If inflation is 8.5%, then a 2.5% bond rate is only equivalent to a -6% real rate, so the U.S. government's debt can be reduced in this way quickly - and because inflation is not taken into account in the calculation of corporate taxes in the U.S., taxes on the rich will increase as a result. + +[CAN HIGHER INFLATION HELP OFFSET THE EFFECTS OF LARGER GOVERNMENT DEBT?](https://budgetmodel.wharton.upenn.edu/issues/2021/10/21/can-inflation-offset-government-debt) + +So in effect as long as inflation is high enough and real interest rates are low enough, then deficits and debt are not a problem for the government, but for capital income earners. + +For those who have sufficient income to offset the interest on their debts, the current mortgage actually generates income rather than losses. Despite the 0.25% increase in the interest rate, inflation has increased by over 3%, which has resulted in interest rates actually decreasing. +I grew up solid middle class. My friend thought my family was wealthy because we bought a $17k minivan new in 1991 and my parents paid for music lessons. My wife grew up in low middle class, and spent time in trailers and on farms. + +Our income puts us solidly in the 1%, while our friends and family mostly come from middle class or even poverty. We recently bought a 6000sqft house for a family of 4, but 2000sqft of it is used for our business. I feel like I have to explain that every time someone visits and exclaims at how nice of a house it is. The mortgage is the same that we'd pay for rent on a 2000sqft commercial space and I feel obligated to tell everyone who walks through the house with huge eyes. + +Often comments or posts on r/personfinance or r/latestagecaptialism feel like their is utter contempt for the wealthy. However, our income probably won't last forever, so we're mining the gold mine as fast as possible with hopes of fatFIRE. I don't feel like I can communicate our strategy to most people. + +Do you feel it or are you less affected? Do you try to hide or justify your lifestyle? +The wife and I are planning (fingers crossed all goes well) on getting pregnant in about a year. After reading Die With Zero, my biggest takeaway was his point in prioritizing what's most enjoyed in each stage of life and spending more to do it then. + +We are putting together a "pre kids bucket list" of things we'd most enjoy before kids. So far we have - Japan trip, go to 2 F1 races, Caribbean trip with friends, and go to a college football game at Alma mater. + +What else are we missing we should do before kids!? Most thing I found online are, uh, not fat (paint house, finish building deck, etc). We live in nyc if it matters + +Edit: Wow! Did not expect this huge of a response, thank you all! +This is a tip gleaned from the many helpful members of this subreddit. + +My HELP loan will be paid off this financial year from tax deductions alone. However, the loan will have Indexation applied to account for inflation on 1st June. Lately, the % applied has been low, but with rising inflation, the Indexation rate applied this year will likely be between 3% and 5%. + +Even though my tax deductions have "paid off" the loan, this won't be reflected in the loan balance until after my tax return is lodged, so Indexation would still be applied on my account. + +To avoid Indexation, I've just made a manual voluntary repayment to pay off my loan, and the tax deductions throughout the FY will be returned to me when I lodge a tax return. + +I thought I'd share this with anyone who is in the same boat. If you are able to make a voluntary repayment and think it's worthwhile, you might be able to avoid Indexation (which will be approx $400-$500 in my case). + +EDIT: I've made a guess at the Indexation rate here. As others have pointed out, it may cross 3% but may not be as high as 5%. + +EDIT 2: Based on today's CPI announcement (27/4), Indexation rate will be 3.9% +Originally short term rentals sounded like an amazing idea. Vacation/short term rentals are in the area of ~20% range for cash on cash return from what Ive found. However I live in the midwest and my duplex generates about 25% return even after saving for repairs. Granted, I did find a good off market deal. But other properties at market rate still seem to provide good return in the 20% range. Is it worth it to get into short term rentals in vacation spots and look for higher returns? Or should I just stay in my local market where the cash return seems to be really good on quality properties? +If you can calculate the number of shares you need to be holding to receive a dividend payout… why don’t more people just borrow lump sums to build a portfolio and then pay it down? + +I’m sure it’s not that simple… but why isn’t it? + +As long as you aren’t buying Blockbuster shares surely there’s something to it. + +Edit: Margin call is the biggest set back it seems +What if the loan had a no margin call in the contract? +As per NAB Equity Builder + +https://www.nab.com.au/personal/super-and-investments/investment-lending/nab-equity-builder +Hello, thanks for taking time out of your day to read this. + +&#x200B; + +I am a Econ major undergrad with decent grads, but I have been looking at the job market and I see that Econ's have a tougher time landing jobs after graduation with only an econ degree alone. However, it is more likely to be successful with a business background, which I intend to take whilst completing my Economics degree. The question arises when I look at the job market for the future and see a massive growth in Computer Science jobs. So should I continue on my set path or should I switch to a CompSci major to have better job security? +When I was in school, our teacher said something weird: He said that it was a myth that recycling or limiting consumption of paper leads to preservation of forests or that increasing consumption of papers leads to deforestation. + +He said that the real cause of deforestation is different: namely demand for space. Farmers need lots of space to grow crops and breed livestock, so they pressure local authorities into cutting forests to create this space. Lack of forests means the soil loses fertility quickly, which in turn prompts farmers to pressure for even faster deforestation, thereby creating a vicious circle. + +On the other hand, when there is large demand for paper, then forests suddenly start having economic value, since wood is needed to produce paper. It is clear that without forests there would be no paper, so people start want to preserve forests rather than destroy them so that they can exploit them over a long period of time. For this reason people start cutting trees responsibly, cherry-picking only few trees in a large area to cut, because they want the forest to provide a moderate though steady supply of wood - which is in contrast to the pattern of cutting all trees in an area which happens if people want space rather than wood. + +So... The more paper is used, the more forests we have? + +This what he said seems logical and reasonable, yet it contradicts all we are usually told: That we should avoid the use of paper as much as possible (eg by eliminating the need to use paper by using electronic devices), that if we do use paper we should recycle it, etc etc, and that is all because we need to preserve forests. + +Does what my teacher said hold any water? If not, where lies his error? +In July, the IMF's estimate for 2022 UK GDP was 3.2%: [https://www.imf.org/en/Publications/WEO/Issues/2022/07/26/world-economic-outlook-update-july-2022](https://www.imf.org/en/Publications/WEO/Issues/2022/07/26/world-economic-outlook-update-july-2022) + +Currently, the IMF's estimate for 2022 UK GDP is 3.6%: [https://www.imf.org/en/Publications/WEO/Issues/2022/10/11/world-economic-outlook-october-2022](https://www.imf.org/en/Publications/WEO/Issues/2022/10/11/world-economic-outlook-october-2022) + +&#x200B; + +Yes, they revised down 2023 UK GDP and 2022 is and was (in their previous estimate) already half way over. It still seems really weird that they'd revise up 2022 UK GDP though. Hasn't the outlook for even the remainder of the year deteriorated for the UK over that past 3-4 months (and this is real GDP, not nominal)? Things seem much more bleak for the UK economy now as opposed to in July. Does anyone know the cause of this upgrade? +Hello, thanks for taking time out of your day to read this. + +&#x200B; + +I am a Econ major undergrad with decent grads, but I have been looking at the job market and I see that Econ's have a tougher time landing jobs after graduation with only an econ degree alone. However, it is more likely to be successful with a business background, which I intend to take whilst completing my Economics degree. The question arises when I look at the job market for the future and see a massive growth in Computer Science jobs. So should I continue on my set path or should I switch to a CompSci major to have better job security? +Ape's Guide to the Galaxy (Wuz's Final DD + +\*\*\* A short fan fiction - posted on behalf of Wuz \*\*\* + +This will be my final DD. I want to thank my private group and especially /u/beowulf77 for posting my DDs and allowing me to remain anonymous throughout this process. I feel as though these are the final questions I have not seen answered correctly, and feel a personal duty to inform the community about them. Nothing I have posted has been fully embraced even though I have been proven right, every - single - time. It takes a lot of courage to stand with opposing views and opinions and I thank everyone willing to stand with me. + +**Everyone Can’t Win:** + +[https://www.youtube.com/watch?v=j73FogG0Iiw](https://www.youtube.com/watch?v=j73FogG0Iiw) + +The key to a great sports bookie is making sure you have equal bets on both sides of the line and you are profiting on the difference in odds - not on one side winning (otherwise the bookie will be liable). I.e. Both sides of the line are -110 and the sports book takes a 10% commission. If there are equal bets on both sides of the line the book can never lose. They will inevitably get a 20 point edge from the line and a 10 point edge from the commission. Most people don’t realize that the majority of the time you are not betting against the casino - but against other betters. This is why the borrow rate has been so low. The lender of the shares chooses the borrow rate and the bookie needs more people on the other side of the line (lower borrow rate = more short shares borrowed). Blackrock is the biggest short lender and they need more people on the other side of the line to fulfill all the winners' bets because Shitadel and co. don’t have enough money to fulfill the winning bets - they need more losers and people on the other side of the “line”. Once you have something caught in a deathtrap why not let other prey fall into the same trap for less and increase your profit line? Blackrock controls the exact number of shares they are choosing to lend to shorts knowing they can handle that volume of short selling at the given time. + +[https://www.spglobal.com/marketintelligence/en/news-insights/trending/nlIZ57Xk5ubxtfMm3mXqmw2](https://www.spglobal.com/marketintelligence/en/news-insights/trending/nlIZ57Xk5ubxtfMm3mXqmw2) + +**Lighting the Fuse:** + +[https://www.youtube.com/watch?v=v7BddpYYNGk](https://www.youtube.com/watch?v=v7BddpYYNGk) + +There sure was a lot of liability protection talk in that 10-K filing from GameStop: + +“To the extent aggregate short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock.” + +Many of us took this as a sign of the impending squeeze, which it is, but wrinkle brained apes realize that the true purpose of this verbiage is GameStop trying to cover the company/executive team from legal liabilities related to it. DFV is being actively sued for losses. Can you imagine the impending legal liabilities if GameStop issues a share recall or any action that can be perceived as a catalyst to a MOASS that brings down the entire market? I know lawyer’s offices from Chicago to New York are salivating already. This is one of the reasons why Ryan Cohan and Blackrock have not triggered the squeeze yet. They are staring at each other and the red button hoping the other will assume the liability. Just because they are on the same side doesn’t mean their interests line up in every scenario. Neither entity wants to be left holding the lighter to the fuse that will blow up Wall Street and the world economy. I think it’s simply a cherry on top if the DTCC regulations come into place to give protection to market integrity pre-squeeze. The real reason they haven’t triggered it yet is they are hoping they don’t have to be the ones to do it (you go, no you go… no you go). + +**Not all Calls are Friendlies:** + +[https://www.youtube.com/watch?v=YP4mCOpWX5Y](https://www.youtube.com/watch?v=YP4mCOpWX5Y) + +If you haven’t read my first DD I suggest you take a look because I believe it is super relevant to this week’s price action. + +[https://www.reddit.com/r/GME/comments/m33en4/not\_all\_calls\_are\_friendlies](https://www.reddit.com/r/GME/comments/m33en4/not_all_calls_are_friendlies) + +I believe the call option chain this week is Ken and company's final hoorah and they are praying for the gamma to create a false ceiling. I predict we will end this week under 200 to avoid the 25k in calls that they could use to reshort. Ironically, it is my belief that the current price manipulation downwards and rerouting of orders this week is mostly from our longs trying to prevent the shorts calls from activating. Any mechanism our enemy abuses you can be damn sure our side knows/uses as well. The true crimes of Citadel need to be investigated and I hope that anyone reading the Better Markets filing realizes how closely it mirrors my last DD: + +[https://www.reddit.com/r/GME/comments/mn5d8j/order\_flow\_and\_options\_manipulators\_the\_heinous/](https://www.reddit.com/r/GME/comments/mn5d8j/order_flow_and_options_manipulators_the_heinous/) + +This is the true crime perpetrated by Citadel and I hope Ken and his team rots in jail for the billions of dollars he has stolen from the public abusing order flow, options, and volatility in our markets. Nothing is random. If you feel our longs have control of the situation they are most certainly the ones holding us at max pain to bleed out the shorts options. + +**The North Star (our ultimate indicator):** + +[https://www.youtube.com/watch?v=Kbj2Zss-5GY](https://www.youtube.com/watch?v=Kbj2Zss-5GY) + +Now onto the controversial section of my final post: Keith Gill. There’s no better marketing story than an underdog making it huge. It is certainly believable that a day-trader could sniff out this miraculous play and make a $50,000 y0l0 into a $40 mil windfall… On camera/documented nonetheless. Definitely possible and a great feel good story. But then to sell 9 mil of options perfectly @ 300-350 \[edit: for clarity - he did not sell SHARES\]? Wow another lottery win… Ok. Still POSSIBLE, highly unlikely, but possible. But then to buy the bottom @ 38-40 that starts the next run to 300+? Ok… this is no longer a probable situation. This is like winning the lottery three times… in a row... and Babe Ruth pointing it out of the park all. three. times. I’m not sure when DFV became an asset for Blackrock/RC, but to me nothing of this magnitude or statistical improbability is random. It’s very possible DFV started his 50k yolo without Blackrock/RC, but his confidence and date calling makes me think otherwise. Take from that what you will, but I challenge you to ask ANY trader if they have ever seen ANYONE in HISTORY make 50k into 40 mil and then sell the exact top and buy the exact bottom - it is literally a statistical improbability. Here is why this is important to us Apes: Keith has batted 1.000 on every single trade. It is my prediction that he will post his options exercised Friday after market and this will be our final indicator that the squeeze is on next week. I like betting on the guy that has a perfect track record and I suggest you watch him very, very closely as it would make the most sense for RC/Blackrock to use him as the spark that ultimately lights the fuse. He will be the one with the largest public backing/protection, the least to lose of any friendly entity, and ultimately he will carry the burden of the sacrificial lamb that the longs can point to as the final catalyst to the MOASS. + +I will post three edits to this piece that will go in throughout the day, so check back for more updates. + +Edit 1: + +Counter DD + +As I stated in my previous posts I am biased as I am deep long. I think it’s only fair I give you the correct counter DD to mine: + +Situation 1: The shorts are inflicting max pain on retail and preventing the gamma and have complete control over price. This would mean the long whales lost and retail is fucked short term. If the shorts have complete control over price retail is destined to head back to their determined max pain and “fundamental value”. + +Situation 2: Blackrock/Vanguard have made backroom deals with Citadel to take over their portfolio and help Melvin and the other shorts unwind because the fallout is too large for them to control. Think Credit Suisse takeover but on a larger scale. A few signatures from Ken and Gabe, 250k in plastic surgery and they will soon be living their best life in Monaco or any country without extradition. + +Situation 3: The shorts covered on the two run ups to 300+. Short interest is correct and now they are feeding themselves with new shorts all positioned over 200 and preventing our gammas with ETF shorting/sells/borrowed share sells. There are no long whales Blackrock and Vanguard are simply playing both sides to protect the market and profit from the lending and their share value. + +If you assume one of these situations is true, the best response is the same: Buy the dip and hold. This will turn into a war of attrition that retail can still win. It will just literally be everyone vs. retail. I pledge to not sell a single share before the next year's shareholder’s meeting (2022) if no moass before then. I also apologize in advance to anyone reading my DD’s that decided to buy GME because of my DDs and ended up losing money. The responsibility for those losses is mine, and I promise you that I will end up losing more as a result. + +[https://www.youtube.com/watch?v=JZjAg6fK-BQ](https://www.youtube.com/watch?v=JZjAg6fK-BQ) + +P.S. I could very well be wrong about DFV and he's a time travelling trading god... Either way I still see him as our North Star and best indicator + +https://youtu.be/O9q_Z4xXTkU?t=64 + +Final Edit: +Since there was some depressing shit at the end of this DD let’s just skip to the fun stuff. If there is a MOASS I will be buying multiple penthouse Aria Sky Suites in Vegas with the homies. Anyone that can prove they commented positively on any of my DD’s before today is invited - dates TBA. Baby girl /u/redchessqueen99 is invited along with all the other mods wives/girlfriends (no seriously watch them like a hawk or they might get scooped). Spoiler alert:WE WILL BE DANCING ALL FUCKING NIGHT LONG. + +https://www.youtube.com/watch?v=vwzex56OjJ0 + + +EDIT: /u/beowulf77 here... I edited the dfv portion regarding him 'selling at the top' to clarify. Wuz clearly was referring to the options he unloaded not any shares. I hope that clears it up. Thank you. + +What WSB did to GME as a community literally has never been done in the market before. There may eventually be some regulations on this soon because of what happened, but there is still time to do it more times with other stocks. And now that the media is covering the GME gains and giving WSB credit, that’s going to make so many more new people want to hope on the next big one, like BB once the media puts WSB behind BB gains, we won’t be going to the moon, we will be going to f*cking mars +Divorced about 1 year, sole custody...drive to work is 52 miles each way. Car had 381000 miles on it. A/C broke and timing belt goes...so I purchased a new car...5 months later I have a new job that gives me a car...money is tight.. so I would like to go back in time and avoid high car payment... if I trade it in now I'm upside down $5000. Any suggestions to a smaller car payment? Looking for a view I have not considered +I'm a 27 year old mechanical engineer. The school I graduated from average starting salary is around $64k. I make $68k despite this being my 7th consecutive year with my half-billion dollar company. (3 years as a co-op, 4 years full time salary). + +I really like the company, my relaxed work schedule, the environment, the people, everything really except the stagnant pay. We get 2% inflation raises every year usually but that doesn't add up to anything. + +I've told myself that if I don't get a more substantial raise by this time 2020, I'm going to search for something else. + +Here's my question: how aggressive should I get with my manager about this? We don't have performance reviews here, instead we just get together every year and talk about any raises they've decided to give. I've asked my manager 3 years in a row exactly what I need to do to earn more money in the company with no answer. + +Should I tell him that I've thought of leaving for better opportunities as a way of pressuring him? Should I mention even the thought of leaving? Could I be fired for that? + +I know I'm a good, smart worker, and I know they want to keep me, but I just don't know how demanding to be with my manager. Should I get another offer first and then come to my manager with that offer in hand? + +Thanks for any advice. I do want to keep working here if I can because the job itself is awesome and exactly what I love to do, I just can't take stagnant wages for so many years when I know I can make more by jumping ship. + +Thanks! + +- + +EDIT: thanks for the advice everyone, this got way more traction than I expected. I'm very busy making money for my company today but I'll reads everyone's replies when I get a chance. Thank you so much! + +- + +EDIT2: Wow this got SO much more traction than I thought it was going to. Thanks everyone for your advice and (mostly) kind words. I can't reply to all of you but I've read just about everything. Sounds like I need to get my resume up to date and put myself out there a bit. This thread alone is giving me good motivation to do so, so thank you guys so much! +BonFi is a state of the art platform that brings easy-access crypto to the general public, utilizes AI, data oracles, quant trading along with liquidity mining aggregation. The project's main platform, BonVest, makes DeFi a lot easier for the average consumer: using proprietary AI technology, it brings up the most profitable investments one can make at a time, similar to the advanced AI algorithms most hedge funds and banks use, putting it in the hand of the average consumer. And the best part? The platform releases tomorrow, on April 15th. + +BonVest, the aggregating platform, has been inspired by various investment funds and banks utilizing advanced AI technology to get an edge over various retail investors, putting most of them in a disadvantage. It is not out of the realm of possibility that such solutions have been developed in the crypto sphere as well; however, BonFi is the first project (that I know of) that puts the power of AI in the average investor's hands(and you know how hard first movers can pump), as the BonVest platform will show you the most profitable liquidity pools to provide liquidity too for yield farming. This is based on multiple factors - the AI algorithm takes risk, market sentiment, social media activity, advanced analytics, and much more to provide the best possible experience for the retail investor. This is BIG for the DeFi space, since managing liquidity is probably one of the hardest things to do as it consumes a lot of valuable time. BonFi makes it as easy as slicing a hot knife through butter by doing it all for you. + +But what's the catch here? There is none! It’s always too good to be true in crypto, this is where it gets better, this is where the partnerships come in. + +After several months of development, Bonfi has partnered with a number of important DeFi projects: + +* Saffron Finance (190M MCap) +* Nuls (156M MCap) +* DFI.Money (116m MCap) +* Ferrum Network (104M MCap) +* Value DeFi (57M MCap) +* Katalyo (12M MCap) + +Now listen to the sound of BNF’s market cap, 12 MILLION. That's right, despite the partnerships that BonFi has (Saffron is the first project to implement tranches, a traditional investment instrument to minimize risk, which will be implemented into BonVest upon release), it's still sitting at a MINISCULE market cap of 12 million. If this isn't a moonshot waiting to rocket straight to Mars, I'm not sure what else is there. + +But this is STILL not all. BonFi is, naturally, all about yield farming; upon BonVest's release, various liquidity pools with a BNF token pair will be opened by BonFi's partners, which will all be integrated into BonVest upon release. This will begin the liquidity mining and staking phase of BNF, as the 40% of its total supply will start to be redistributed among stakers and holders over a long period of time. Eventually, given enough time and development, BonFi will completely switch to a DAO model of governance, giving BNF token holders the power to vote over the future of their project and any further changes. Long story short, what I'm trying to say here is this - the platform release is just the beginning for BonFi, The developers are also working on integrating: + +* Further optimization of BonFi V1 Platform +* Additional strategic partners +* Launch of new Multi-Yield Farms +* Layer 2 solutions +* Multi-chain optimization +* BonFi V2 Platform + +In order to use the BNF platform users will need to hold 2500 BNF tokens, which only cost $95, you heard that right, given the incredibly low price of 0.04 cents per token, I think this is even more of a pumpamental. + +So, what are you waiting for? I'm personally very happy to share this project with everyone on here, considering the partnerships, recent updates, tokenomics and the overall goal of this project - which is going to fill a huge gap in DeFi - I couldn't be any more bullish. Whether you're looking for a short term play or a long term one - it doesn't matter, since you could do both. + +Remember as the post stated, this all launches tomorrow! + +Links: + +Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0xeb8195bd9ac4ffd3be2056db1a8e8c66b2708028](https://www.dextools.io/app/uniswap/pair-explorer/0xeb8195bd9ac4ffd3be2056db1a8e8c66b2708028) + +Telegram: [https://t.me/bonfiorg](https://t.me/bonfiorg) + +Website: [https://www.bon.finance/](https://www.bon.finance/) +Hi everybody, + +Since most of those concepts are hard to grasp and tend to be misleading or a tough to understand. + +Let’s me smooth it out for you :) + +# WEB3 : Era of Verification/Validaton + +&#x200B; + +[Visual of Web3](https://preview.redd.it/iwfzkrwcxx381.png?width=945&format=png&auto=webp&s=561b4e4bf058325bacdf1a71cffc63a485739fdf) + +&#x200B; + +This has been around lately, so what is Web3 and how is it different to the internet we know it? + +Right now we are living in the Web2 world and what means is that the current state of the internet as a whole is basically in an interactive read only (web1 was static read only information), with interactive means that you are able to upload content like videos, photos, chat and interact in reality time. + +You can upload information, read it, make copies of it, but you can’t verify it to the internet and no one is able to “**verify**”, "**validate**" or "**own**" the information. + +The era of **information (read only interactive) is web2**, without an external source to confirm any of this data. + +# THE FUTURE + +Now imagine that there is a way that a third party is able to confirm and **validate** pieces of data, confirming that the data is correct and assigning it a unique space in a blockchain. + +That third party is a ledger-based blockchain, the one best suited to perform this duty currently is Ethereum (that’s why GME is working based on etherium). + +But what do I care about validation? How is that affects me in the real world? + +This opens a huge door of opportunities, let’s explore some. + +Web3 will evolve systems like a country registration of IDs for example. + +Currently there is a project called **ENS** [**Ethereum Name Service**](https://coin98insights.com/what-is-ethereum-name-service-ens), this project allows anybody to link their Crypto Wallet to their Ethereum identity (ENS), your name is minted in an unique block (NFT) and no one else can have that name, you will have effectively an **unique validated and verifiable ID** on the blockchain. + +So far it’s your name.eth (example, Melon.eth). + +That ledger can effectively replace Passports and mint your Identity as an **NFT (Holberg, principal engineer at GameStop) design this NFT application called HODLBERG.** + +# [This is how HODLBERG works.](https://twitter.com/croissanteth/status/1434992116225220609?s=21) + +&#x200B; + +[Hodlberg TL:DR](https://preview.redd.it/eiy7bwsfxx381.jpg?width=680&format=pjpg&auto=webp&s=8884d9321222c9a041616bd9953bcd128d21ab33) + +&#x200B; + +&#x200B; + +[Hodlberg detailed](https://preview.redd.it/d38vbnihxx381.jpg?width=674&format=pjpg&auto=webp&s=d142c6eea74b4537324d88d593c860828a842571) + +&#x200B; + +# Driver's License + +Now imagine you been able to \*\*validate\*\* (verified by the entire Ethereum network) your **drivers license online**, the equivalent of having millions of people looking at your driving license and saying Yep Yep that’s real, or Nop Nop is not. + +Creating that UNIQUE block (no one else can have your same license number or document) is an NFT, you can link it to your wallet and all browser will be able to **connect with your wallet and confirm you identity and your drivers license, on the internet, for anyone to see and verify, decentralized.** + +No more queues on the airport, you can easily sign any document with your ENS Melon.eth and be as valid as your passport, country ID or driving license, it’s verified by a decentralized authority. + +Let’s go to a another example. + +# The car registry. + +With this you can create a UNIQUE entry of every single car, every car has an unique manufacturing VIN number, I can create an UNIQUE block NFT with those unique features and name my car, but also I can link it with a proof of ownership such a receipt or another registries. + +There can’t be two cars with the same VIN number and characteristics (physically), also now I can link that NFT to my wallet and trade my ownership online. + +Validated. With the security of the entire Ethereum blocks chain network. + +This are just 2-3 examples. But the limits….. no limits. The future. + +Another word that needs to be understood is Metaverse. + +# THE METAVERSE + +&#x200B; + +[The Metaverse](https://preview.redd.it/s5dglx5kxx381.jpg?width=1200&format=pjpg&auto=webp&s=02c57b149047007c594181dfc5cc9558f1c156c9) + +&#x200B; + +It’s basically a **bridge between reality and web3 using Augmented reality or virtual reality**, the attempt to replicate real life experience but digitally, like going to the movies, or a concert or shopping at the mall. + +**With web3 you can validate your identity (yourself) online and use your NFT to trade for a ticket, pair of shoes, a car, electronics and anything you imagine digitally and real life.** + +So you would be able to go to a virtual GameStop store and talk to a customer rep or an NPC and preview items on a digital form in 3D, it will evolve into looking like reality itself, not far from ready player one hu? + +Let’s continue. + +&#x200B; + +# So, what are DAOs, NFTS, Zkrollups, Layers 2 and Loopring? + +&#x200B; + +# DAO (Decentralized Autonomous Organization: + +&#x200B; + +[Parts of a DAO \(its like a business but with democracy](https://preview.redd.it/6bhj14cmxx381.png?width=608&format=png&auto=webp&s=e5a19da37eab2aec88fefae10d991b5f255c71a8) + +&#x200B; + +\*\*DAO stands for (Decentralized Autonomous Organization) pretty much like a regular business/project but the intention is not to have a single controlling party/owner. Hence decentralized and autonomous.\*\* + +&#x200B; + +\*\*This projects will have a set of rules (smart rules) set by the creator (taylormade thinking about the community and shareholders to serve). The people that wants to participate will follow those guidelines according to the project.\*\* + +&#x200B; + +Markets are based on trust, so the Creator needs to make sure that the rules are fair for everyone and also that the project purpose can attract and benefit a community of shareholders with a common interest; could be anything. + +&#x200B; + +\*\*The more people and bigger community, more value and resources are throw into the DAO, more brains giving feedback and helping, faster and bigger expansion to similar or new ventures by the entire community, not just the creator, more trades happening so everyone gets their share from more pies, the project will grow and so is the Value of their NFTs, the tokens. + +&#x200B; + +The opposite can happen if the project is not up to the standards, if doesn’t satisfy a need, low quality products and just like a bad managed company or a scam, I’ll eventually go down, so it’s about trust. + +&#x200B; + +Where to put money in? That’s up to you to find out according to each project fundamentals and purpose, which one adapts to your knowledge, expertise, hobbies, likes, feeling or however you make decisions. Then you can support your DAOs, each NFT you will have will be part of a DAO, so dig on what the project is about before deciding to invest or not. + +&#x200B; + +Always educated decisions are problemless decisions :) that’s my opinion + +&#x200B; + +Remember that these are smart contracts/projects, means that the idea is to Taylor made each contract according to the creator, the community is aimed for and the project itself to survive and be sustainable. + +&#x200B; + +A more fair market. So the bigger the project and more value/currency is inside, the more valuable the DAO will become, the more will grow and expand. + +&#x200B; + +Just like companies work in real life right now, just that doesn’t have to answer to a government first too. + +&#x200B; + +it’s going to be easy for everyone to adapt since it’s pretty similar, just clean and transparent. + +Lets go to nfts. + +&#x200B; + +# NFT (Non-Fungible Token: + +&#x200B; + +[NFT Token inside Ethereum ledgerNFT Token inside Ethereum ledger](https://preview.redd.it/16eiolwoxx381.jpg?width=930&format=pjpg&auto=webp&s=316aaecf276360cbe03e77f12b2fc03a1a021790) + +&#x200B; + +Where all this come from? From a need for decentralization. + +Let me explain in a simple version about the future of markets, finance and GME. + +People are often seeing crypto as a casino to go in there and bet to make money, not actually basing themselves on the project fundamentals. + +Fundamentals in a project is what makes the project (their approach to solve a need), the service/product they are providing, how is gonna perform towards the future and how is providing the solution for that need. + +Right now everyone has a need for a different financial sector due to the current market being corrupt and manipulated based mostly in politics and whatever the fed, HF, whales and central banks do with it (I recommend you to read my other posts about markets and The Infinite Money Glitch). + +That completely disconnect the market from the fundamentals and performance of the projects/companies. + +So there is an urgent need to move to decentralized and bring back more democracy and global consensus instead of the 0.00001% controlling everything. + +\*\*Cryptos L1\*\* (like Bitcoin or Ethereum or basically all cryptos) have 2 big problems. + +1: \*\*Transaction speed\*\* (Bitcoin can do 7 transactions per second, Etherium 30 per second), compared to \*\*MasterCard that does 5000 per second\*\*, can’t be a viable option to use for a lot of people or a lot of transactions, will create a massive queue of transactions that also bring to number 2. + +2: \*\*Transaction fees\*\* (gas fees) are priced based on supply and demand, transaction queues will leave to have a constant high demand but low supply of transactions, making them too expensive and a lot of the time even more expensive than the digital/real asset you with to purchase. + +# THE SOLUTION: Zkrollups + +&#x200B; + +[How to increase the Transaction Speed \(Transactions per second TPS\) while super money efficient \(affordable\).](https://preview.redd.it/1ej4vy6sxx381.jpg?width=1280&format=pjpg&auto=webp&s=4c40aa6610752d2625ba2a0ed1626f4573734ac0) + +&#x200B; + +So basically, \*\*Loopring created a winzip like tool by creating a off chain copy of a blockchain with massive scale ability (up to 400k transactions per second)\*\*. + +\*\*Bundle all the transactions that happen on that L2 blockchain and send it to Etherium in massive batches, splitting the cost to all the transactions, make in it super cheap.\*\* + +\*\*Transactions in L2 are super fast since is in a off chain blockchain while zkrollups allow to be that bridge to get the L2 constantly verified and validated by the entire L1 of ethereum everytime those batches occur.\*\* + +&#x200B; + +\-------------- To know more in depth info, here is some material + +**Watch this youtube video on the link bellow** of Vitalik (creator of Ethereum) talking about Zkrollups and how he thinks Loopring is the solution for Ethereum problems of scaling and gas fees (fees from using etherium). + +\*\*[https://youtu.be/XW0QZmtbjvs](https://youtu.be/XW0QZmtbjvs)\*\* + +Watch from 1hr:14:00 to 1hr:17:40 to understand Loopring and ZkRollups from his words. + +The whole Rollups section is very interesting. + +\*\*To know more about Zkrollups (in depth, I recommend to watch This video by Finematics [https://www.youtube.com/watch?v=7pWxCklcNsU](https://www.youtube.com/watch?v=7pWxCklcNsU))\*\*. + +\*\*Finematics video about Liquidity pools s also amazing to undertand, thats in my other GME squeeze for DUMMIES.\*\* + +\-------------------------------------------------------------- + +&#x200B; + +[Rollups Functionality](https://preview.redd.it/185lf7xtxx381.png?width=872&format=png&auto=webp&s=1a949ee6eeaf60704134e1d9962d3f240238b559) + +&#x200B; + +&#x200B; + +This is the \*\*future of currency, finance and economy, all in NFTs.\*\* + +Basically what finance can do, this can do it much better, while keeping the transparency and high security of a blockchain consensus based of Ethereum, also while maintaining democracy and avoiding creating bubbles or synthetic shares. + +Keep in mind that there is something so beautiful on those projects and marketplaces, the market place doesn’t work for one institution or person (like a bank and CEOs), they work for the system itself. + +Let’s say you are a singer or have a band and your band releases your album but instead of selling it using dollars (fiat), decided to sell it using their tokens in L2. They split that song in 1million pieces, first songs are sold for $1 worth of the token at the start. + +Out of that $1 80% will go back to the entire network of owners of that band/album tokens, 70% of those are spread across everyone and 10% is burnt to keep reducing the supply increasing the net worth. The last 20% will go to the creator/artist, always, always that ratio. \*\*(Right now the standard I might say is 80-10-10).\*\* + +So if you are part owner of any piece of that song/album, every time someone comes in or transaction that specific song, \*\*EVERYONE WILL BENEFIT from it.\*\* + +That is decentralized finance. That’s based on fundamentals, and that true value of investment, you believe in the band/artist, and the more sales and transaction and more popular becomes, more value will bring back to the entire network. + +# GME IN THE HOUSE + +&#x200B; + +[Lets gooo!!!](https://preview.redd.it/ht9ayc4wxx381.png?width=1024&format=png&auto=webp&s=b49bdac8990861c5858127aa34b6ce1eb51198db) + +Not only bringing top expertise on blockchain and NFTs, but seen ahead to the future \*\*(I based this on Ryan Cohen long friendship with finestone).\*\* + +\*\*GME is gonna be the first massive project of this, already been tested and working on Loopring L2 (you can check yourself).\*\* + +The possibilities are endless, but let’s keep it simple with one example. + +Let’s say that there is a new Mario Bros battle royale, they decided to create 10 million copies of it and release them as an NFT. + +$10 worth of GME coins in the GME L2 marketplace. + +With those $10 you can play the game, but also you own part of the project, you can decide and participate in new updates and items released so give you more power towards the game. + +But also, if the game succeeds, the tokens you have by selling the game (if you decide to do so) will be more valuable against those initial ($10), because now the game market cap is gonna be bigger and we know decentralized market spread the spoils of sales to everyone that has that coin. + +Also, limiting the amount of copies will create that when all the copies at base rates are sold, a auction market for the copies will be the only way to purchase that game and getting into the project, then when there is higher demand and little supply, boom! The price of the copies are gonna increase. + +The NFT can store data, so in your copy of the game you can have the items you unlocked or purchased in game or save files, making your game unique and more/less valuable. + +Also, if this copy was owned originally by Ryan Cohen or any person that is famous, you can see it and confirm it on the blockchain and that will also will give added value to those transactions in the market place, making those copies more valuable. + +For every of those transaction no matter the prices are trade on, benefits THE ENTIRE NETWORK OF FANS and owners of the game. + +Also keep in mind that this system is lot more intelligent than any other financial transaction, these transactions are smart contracts, meaning that you can set specific rules for the transactions. + +For example, I can limit a copy of the game to be sold only 5 times and if sold a 6th time will self destruct, or can be only trades once every 5 days, or that the increases on price can only go up by 5 tokens at the time (controlling volatility) and so on, the list goes on with unlimited possibilities. + +# TLDR: + +\- \*\*Web3 is knocking our doors, the new age of validation.\*\* + +\- \*\*Opens new possibilities from creating your new Online/offline identity, create your assets as NFTs to turn them into a digital asset and be able to trade it.\*\* + +\- \*\*The Metaverse is the bridge between the internet and reality (Using augmented and virtual reality to give a real life like experience while validating your virtual identity).\*\* + +\- \*\*This is the future, and true financial democracy. GME is set to be the pioneers of this new technology that Vitalik himself (Ethereum creator) sees as the future.\*\* + +\- \*\*Zkrollups is the current best solution to use Ethereum ledger for validation and security, while keeping gas feed to less than a dollar and scaling the Transactions per second TPS to a better and faster functionality than current banking.\*\* + +&#x200B; + +Above you will find a very easy to understand explanation of what is happening, why and how is happening with real examples. + +Please share for people that don’t understand what blockchain is and educate a bit about the future of possibilities. + +This is what I think they meant by + +\*\*POWER TO THE CREATORS POWER TO THE PLAYERS POWER TO THE COLLECTORS\*\* + +If any of you guys have any questions, I’ll be more than happy to answer. :) + +🍉 \*\*is out.\*\* + +Disclaimer: Nothing in this post, comments or any thoughts/opinions I might is or should be taken as financial advice. This is educational purpose only. Use your critical thinking and evaluate your particular situation with your financial advisor or professional, always ask questions, seconds opinions and educate yourself before any decision. + +Common asked questions: Talk about scarcity and value increase. Why would that be desirable and sustainable? + +My answer : + +The point is not about the actual increase or decrease of your value, in reality this is a replacement of banks. + +Let’s say you have $100 in your bank account sitting in there, that money goes to the market cap of the bank as an organization since they can “use” that money for themselves and you trust them with the keeping it, they don’t keep it. + +With inflation today (6.2%) your money by sitting still “in the bank” is actually losing value at that rate. + +That’s why the more money you have the most likely is for you to invest it in things that at the very least give you that 6.2% of your losing value back. Usually invested in government bonds which suppose to be “safe” and “low risk” since they are backed by the government and the government haven’t default ever yet. So you put your trust that at the end they will give you your money back plus your yield (6.2% or more). + +So even tho you have your $100 in your account, anything else around is going up at an inflation rate (6.2%), and suddenly your buying power is less, less things you can buy with the same $100 dollars. + +The bank used your $100 And let’s say they doubles that money (the on average get lot more than double), but doesn’t give you back anything really, probably a very tiny % of returns for you storing your money in the bank, a lot of the time they charge you fees and actually take even more money and value from you. + +This is the current system, helps the banks and big institutions with your money. Increasing the value of everything else also by printing counterfeit “legal” money at the FED and they call it QUANTITIVE EASING. + +So there is a reason and need for a currency to grow in value to keep up with everything growing in value around it. + +The token L1 will need a counter party currency to be exchanged (most common is US Dollar that use the fiat system). Blockchains have limited supply of token (a set amount of tokens), and the more currency injected to it (US dollars for example), the more market cap of that blockchain of tokens (ethereum cap is currently 250 billion) and the number of tokens supplied for ethereum is 117.7 million tokens/pieces. You divide those numbers and should give you the price per piece. + +The more people get into buying ethereum for example the bigger the market cap so bigger the price discovery. + +Bonus: Another example :) + +Let’s imagine this situation. + +In the current world we have: + +The singer will go to a label to promote his album, manager, Spotify, YouTube, etc, and they usually take the larger amount of the deals. + +Now let me explain better how the model would work with NFTs DAOs. + +A singer make one song and sell it to me in let’s say $1 and put in the contract that each time that song is resold the singer gets 80% of the profit and 20% goes to the seller. + +So I sold the song to somebody else, then in this case the singer get $1 from my original sell plus $.80 from my sell. I get 20% of it. everytime the song is resold, 80% goes to the artist and 20% goes to the seller in the network. No middle man like Spotify or Apple Music and the artist always gets its part and 20% for the seller. You can do it on and on and on with always 80-20. You had the song, listened to it and when you sell that. The owner will be the singer but everyone can listen to the song which is the product, like games. + +There are other models in which you can do 70% to the singer, 20% for the reseller and burn 10% of the albums with that extra 10% of money to reduce the amount of supply of copies and making it more exclusive. Increasing the amount of sales :) + +You can make it 50-50, 40-50-10, it’s up to the project and the project goals. (Most standard currently is 80-10-10). No one is forced to buy anyway and if the project is too greedy or doesn’t benefit everyone so you are free not to join. + +I think this explains it better so I’m gonna add it to the post :) + +This are smart contracts and you can customize it according to what you need. Don’t forget that. + +In comparison to the financial system we currently have, you put money in the bank and they use it for their market cap to make more money for themselves, giving you crumbs and you never owned a piece of the bank, but you did “invest in them” by putting your money in for them to play with. + +With blockchain you put your money in, you actually own a part of the project and the project success is shared with everyone equally and proportionally of your stake of course. So makes it easier to beat inflation and not letting others benefit from using your money to trade. + +Another frequently asked question: + +\*\*What's the fundamental difference between Bitcoin and Ethereum?\*\* + +Both networks have a scaleability issues. Both have high gas fees (not efficient) and both are solving those issues in different ways. + +The fundamentals of Bitcoin are to be Nothing more than a coin. + +The fundamentals of ethereum is a ledger technology that companies use to build programs/projects in it. + +So fundamentally speaking, Bitcoin would need to change their own fundamentals to be on par with Ethereum in order to provide a ledger and have rollups and similar ethereum based structures. + +Fundamentally speaking. + +&#x200B; + +\*\*Why Loopring? What LRC has to do with all this?\*\* + +This is my answer: + +They are the ones and first that created a Zkrollup, that is a key component on how the interaction between L1 and L2 works, it’s the tool that compresses the off chain interactions from L2. + +Like Vitalik explained in the video, takes only the validation part of the NFT taking just a minimal part of data to verify in the L1 of ethereum which is the most secured one and will be even more secure the bigger it gets with the coming of eth 2.0 and sharding (multiplying eth 1.0 multiple times and connecting all in the network making huge scaling). + +Then they take all the minimal parts together (of each transaction in L2 off chain) and compressed them into lot less, making the cost of each transaction also be reduced by that amount of compression. + +That’s how you can make a L2 transaction of NFTs (of everything that has value in them and are validated of ownership in the ethereum blockchain ledger) cost cents, I’ve seen the current Loopring L2 in developments and tested constantly cost cents, I haven’t seen a transaction of a dollar yet and I’ve been monitoring it, and big movements transactions to Ethereum and fiat (US dollars). + +Hope that clears your mind and expand it ;) + +Buy only on CS, Hold, DRS (if needed) + +I like to keep it simple stupid - DFV a value investor based on fundamentals. + +Source for the 30TPS for Ethereum, some other courses claim 13TPS, still pretty low for the needed demand in eth 1.0 + +[https://www.google.com/amp/s/www.thestreet.com/crypto/.amp/ethereum/ethereum-2-upgrade-what-you-need-to-know](https://www.google.com/amp/s/www.thestreet.com/crypto/.amp/ethereum/ethereum-2-upgrade-what-you-need-to-know) + +Edit: Other links that might help and interest you guys in the comments. + +Edit 2: Evolve the format, more spacing, titles Tt, added photos and fundamental diference between Bitcoin and Ethereum. + +Edit 3: DAOs section added thanks to u/redwingpanda and changes on the format, some images added + +I’m a Melon, this is not financial advice and shouldn’t be taken that way. This is me sharing my opinion and views. + +Please do your own research, develop and use your critical thinking and look things objectively. Think for yourself. +Everyone i know is locked down with a mortage on homes costing a minimum of 400k. + +I seem to be the odd one out who wants to buy something small and affordable (100k) for now and diversify into index funds. + +My thinking is if people are justifying going all in on a home because you expect prices to climb whats wrong with a smaller home? If you choose the right location and the smaller home isnt particularly terrible why wont it rise in price the same way? I could always sell the smaller home and move up right? Not to mention you arent sure if you will sell that home as you havent deliberated whether its an investment or a home you will stay in for the long haul. + +I talk about this with people and i get weird looks. + +Did i miss a memo? Am i naive? + +Maybe i should ask you guys + +redditors who bought a small home, any regrets? +What’s the simplest trading strategy you used that in hindsight was either really dumb or just lucky that worked for any prolonged period of time? + +Mine was jumping on the ripper 5 mins out of the gate on any of the FAANG or big tech names during the spring last year. Somehow this worked for like 4 straight months at a pretty decent rate and I grew my account by almost 150%. I’d check futures, see if we were up or down going into the open, look at how the foreign markets closed out, look at the big names and see if anything had gapped, and hone in on the largest overnight movers in that tech or large cap sphere. Using Robinhood charts and really zero technical analysis aside from a pretty elementary understand of candlesticks, I’d read just half of the first 10m candle, and if it pushed hard (which everything does right at open) I would jump in at the cheapest OTM contract that fit my normal position size. Would normally get a continuation up until like 945, a slight pull back, then continue up until the real reversal sometime around 1015-1020. I’d usually punch out right at the first sign of reversal around 1015, which meant the first long wick candle I saw I’d bail out. Ended up leaving a lot of meat on the bone on multiple occasions and I’d check back around noon to see the contract up like another 30-40%, but the goal was to lock in profit in a short time and get back to the day job. + +Kind of comical how well it worked and how much beginners luck it was, but then again expectations were basically zero so the whole mental side of it never got in the way. Kind of fascinating to think about that too and how my own ignorance was a blessing to that style. I’ve tried to go back and do it a few times seeing if I can reignite that but I honestly get in my own way with it. I now “know” too much (or think I do, which I clearly do not) and either get spooked in one way or just get overwhelmed with all the different info and make the wrong choice. + +Either way, would love to hear some other stupidly simple strategies that worked at some point. +What are your thoughts on investing in REITs on margin (to replicate the leverage of buying a property) vs just owning a property? Obviously there’s tax savings involved in just owning a home but if I didn’t want to deal with property management the returns from the REIT seem attractive. + +Using 3% as a margin rate (Interactive Brokers) and 12% div yield from NYMT. +First of all, My dad asked me to invest some of his money into crypto, as I know a bit about it and I’m doing relatively well. He knows nothing about crypto, but trusts me and acknowledges the volatility. I, in no way, persuaded him to invest in crypto. +Having said that, here’s what happened; + +I downloaded a portfolio app on his phone so that he can track the crypto I bought and also so he keeps up with what I’m doing with his money. Naturally, I keep plenty of funds in a stablecoin (in this case usdt) so that I can buy potential dips. +One afternoon I kept getting calls from him on my workphone (he never calls me on my workphone). Flustered, I picked up the phone during an important meeting, fearing something bad had happened. When I picked up he said the most boomer thing I ever heard him say ‘Hey, I have been tracking this coin usdt you bought, and it is not doing much, it’s not fluctuating at all, but I’m really, really expecting a rise soon, what do you think?!’ + +I found it absolutely adorable and dumb at the same time. I explained everything to him and we had a good laugh about it. + +Anyway, I just wanted to share this giggle I had. Hope it also brings you some joy in these trying times. + +EDIT: Wow, this post really exploded. Thanks for all the awards and love kind strangers. I see there is some controversy about the whole 'Tether' thing. I appreciate you guys looking out for me and my father. I truly do. Having said that, I don't feel the need to fuel this discussion. I think everyone is entitled to his own crypto choices and my dad trusts me enough to make those choices for him. It was not the intention of this post to start a tether-riot. It was simply meant to share a funny crypto-related story. Oh, and for the people saying this is a repost. I did try to post this about a month ago I think, but it got instantly deleted by the mods because I didn't have the required Comment Karma to post on this subreddit. I just thought I'd try to share my story again now having the required Karma. Anyway, I hope all of you have a wonderful crypto-journey. I'm still reading all the comments. It truly makes my day! Much love. +Stopped stressing about individual holdings and consolidated. + +VTI - 65% + +SCHD - 20% + +O & IRM - 15% + +&#x200B; + +All in my ROTH that gets automatically deposited every month. Roast me. +I started off by pitching in with friends. + +Eventually I built myself up to doing an order every few months. + +Not needing to buy meat at the grocery store makes a shopping cart much cheaper. I only buy good sales. Generally it is cheaper for me to eat sirloin steak from the butcher than it is for me to eat ground beef from the grocery store. + +It also cuts down on wasted meat because it is packaged as you wish. + + +There's a peace of mind when you know that even if you don't get paid this week you can eat. A little buffer zone between you and the proverbial wall. + +Or if an emergency comes up, you can handle it without starving. A bag of carrots and a bag of potatoes is under 10$ and will last the week of healthy dinners if you already have the meat. + +There is +Hi all, curious on people's thoughts here. Here is my (32 y/o M) situation: + +&#x200B; + +1. technical founder + board member of a unicorn +2. already participated in secondary sales to the tune of \~$15M +3. company on track to go public in the next 2-3 years (best case scenario, but i do believe it) +4. still have plenty of equity left in the company (\~$100M+) + +obviously #2 above has been life changing for me and is causing me to re-evaluate some things. notably, i'm not super happy in my current role. we are so big and the problems that i have to deal with are not the problems i like to solve. I have always thought i should stick around for IPO for the "win" of it, but every day I wake up and dread my job, it starts to feel less worth it. + +&#x200B; + +Some things that stick out to me: + +1. as a would be board member of a public company, i think there is a lot of legal, financial, and social scrutiny that would come with going public that i'm not sure i really want. (i'm not sure what this really entails though – **would love feedback here**) +2. i feel that the company will be successful regardless of if i stick around or not, so not super worried about financial upside (could always try to sell my shares on the secondary market as well) +3. my biggest reasons for staying are for personal achievement/"purpose" and out of respect for my co-founders / early employees. + +&#x200B; + +The regular response I see on this sub is "3+ years to make $100M? tough it out", but when i fully believe that i'll get most of that money regardless, and those 2-3 years could have drastic impacts on my mental health, it doesn't seem so easy. I also have a lot of concerns about increased exposure due to being a board member of a public company. I would like to maintain a fairly private lifestyle. +Say I get paid $700 every two weeks. +700 divided by 14 is $50. So now I know I have to spend less than $50 per day to have some money leftover. + +I've tried other methods like keeping spreadsheets and writing down everytime I spend money but it always gets overwhelming and I don't really understand the data. + +I'm not good at math at all, numbers confuse me. So this method has really been easy for me to "visualize" so to speak. + +It's been keeping me more aware too, I'll go days without spending any money if I don't have to. +Did the Soviet Union have inflation, and if so, did they also have a minimum wage? + +I tried looking it up regarding their inflation rate. I'm very interested to know this because I'm curious if their isolationist economy experienced it. + +Also, did the USSR issue bonds like the USA or Japan? +Not sure if the phrasing of the title conveys my question properly, but I'm just curious if anybody else thinks we're going to see a huge crash surrounding student debt. The government backs outrageous loans (predatorily in my opinion) that people have no chance of ever paying back. There are tons of examples of people getting $100k in student loan debt in a major such as English and then getting a job where they are basically never going to be able to pay it off such as teaching. +Edit#6 if you can read this before commenting. This has fucking nothing to do with Jordan beyond proving his bullshit move on from gme dead wrong + +Before I cover this topic I need to first mention two things number one not financial advice two one of the major plot points I use has been slightly covered but I plan to dive into different correlations between this plot point and how it actually ties to the market. + +Number 1 if you are a amc holder you are in for a shitty ride. I love you amc apes and hope that your rockets take off but this is going to possibly fuck with your bias and make gme haunt you. Gme is quite literally the neo of the stock market currently. + +Number 2 if you hold any other meme stock I am going to be fucking with your confirmation bias with some evidence as to why gme is quite literally the only holy mother grail of all omfg I can’t believe how stupid rich I am about to be. + + + Now before other meme stock holders attack me I want you to truly question yourself. If technicals don’t line up for you do not attack the person presenting the technicals. I want all apes on the best possible rocket for their tendies. If the Dd presented here makes you lose conviction then you put your money in a I’ll thought out spot to begin with. 😈 there is nothing wrong with daddy I can promise you that he forgives and forgets. + + + To my true fucking apes my diamond handies my I took a ninety percent lick and stayed my god first I want to say congrats and second jesus your fucking tears of paper losses are about to be fucking swept away from wind air inertia when this lift off happens. + + + First small coverage here. Total ownership of finra report. 22 percent funds 192 percent institutions and of course we can’t forget our insider ownership at 24 percent. + We add these stupid fucking numbers together and what do we get 238% ownership of outstanding shares. Now Bloomberg says institutions only own 140% so I will split the bill with them and take 26% off total. Leaves gme with 212% ownership now that isn’t a fucking meme that isn’t a joke that isn’t a fools errand that is pure government and legally binded reported data. + + Now some perspective that is of outstanding float. So minimum we are looking at a current reported issue of 149 million shares where only 69 mil exists. + +SURPRISE BITCH only 54 mil can trade. +SURPRISE BITCH also etfs can’t actually release shares again now since rebalance to settle gme the stock problem so take another 16 million off of that + +So there are 38 million shares that are supposed to trade on the open market for gme. 149 reported owned. Take out the non tradeable locked shares in etfs and insiders from that (33) meaning 116 million shares. + +So in short just in institutions you have 116 million shares that have to be turned into 38 million (sooner or later you fucking cuck sucking hedgies sooner or later) + +That is a realized working short interest problem of around 300% + +SURPRISE YOU DUMB FUCKING BITCH AGAIN +We haven’t even talked about the fucking elephant in the room the real whale the fucking stock picking confident DuMb MoNeY mother fuckers that just so happen to love the stock and refuse to sell before alpha Centauri,RETAIL. You guessed it retail. The tendie eating crayon snorting fucking degenerates that hold a fucking stupid amount of shares. + +Now as we all know and I should not have to fill you in we don’t actually know how many shares we own. What do we know 10 million wsb idiots. 240 thousand gme god tier Dd pumping kings and 160 severely loyal to the stock diamond never paper handed a single share superstonkers. + +Now I will be so unbelievably generous in my guess here that of the ten million people everyone owns a stupid small amount of just five shares. (Kids with summer jobs own more but I will let the hedgies quite literally blow there own head off with a small time guess) (I and many of the people in my personal circle own thousands of shares a piece I don’t say this to brag I don’t say this to boast I say this to be transparent that I do in fact hold a position in gme so you can take everything I say as my own self fulfilling confirmation bias) + +Now so we can all agree (or maybe you think the total is less maybe you believe it to be more you see I split the middle here so as not to get to hung up on the discrepancies) either Way throw retail into the mix. You just added a new realized total to the problem of a additional 120% + +What a fucking coinencedensce. We now have a realized short interest that is 420% percent. + +Crazy Charlesswab is margin requiring 300 percent isn’t it🧐🧐. + +Now the beautiful icing on top is you guessed it the options market. There is an addition in the money problem of another 50 million shares on calls (it only gets worse once this goes up. This is a unrealized problem because no one truly knows how many will be executed options writers may get off with just writing disgusting checks to some people and not have to really go through the headache of buying all of them. + +(That would add an additional 120% up to a additional 300% if we get to 800$c) + +Let’s take the option writers off the table for write now because we don’t even need them so for everyone so fucking worried about calls and puts and that effecting the moass congrats they don’t EVEN FUCKING MATTER. They are irrelevant they quite literally only talk about options in hopes you waste more money there then on real shares. They are just the icing on this fucking jacked to the tits cake. + +Now as everyone continues to breed that doubt about wait what if hedges sell massive blocks first then squeeze never happens I bring to you one major fucking point!!!! A simple they quite literally can’t. But still value man your crazy what you talking about. + +Allow me to explain. While their shares are on this infinity loop of being lent out they quite literally can’t sell a fucking thing. Why? Cause they no longer have it they would have to recall it to get it. + +Edit: cause a bunch of cunts are in the comments saying they can sell to confuse you my powerful thorough bred fucktards all me to fill you in yes they can sell without having their share delivered to them. This sell creates a new synthetic long that is bought in lieu of you guessed it a fucking synthetic short. The people arguing this are arguing a zero sum game the position literally stay the same or even worse if the recalled share isn’t actually returned. So it’s either equal or worse + + +In simple terms no matter what the person that buys the shares and doesn’t lend them out has current ownership of the shares. (If your using a cash account my god I can’t stress to you true autist enough that if this is your first time in the stock market do not use margin. For this particular event don’t use margin or your shares may be lent out) + +So in short guess who has no fucking clue how to lend their shares and only knows how to buy. Youuuuu guessed it retail. Guess who can’t sell till you sell so their shares can be returned? Youuuu guessed it retail. Retail is the fucking whale you idiots. Retail may not move the market cause we don’t manipulate the market we don’t buy at the same time and shit or sell at the same time and shit like the cheating creature life sucking Wall Street about to be homeless feel what real works like cucks do. + +So you are the last domino of the shares jumping they hit retail cash accounts and they freeze. Nobody behind you can sell until you sell so the shares can start being bought and sold to close out positions. + +LET ME BE CLEAR rETAIL IS IN 100% CONTROL OF A 420% SHORT PROBLEM. Retail is the literal start of the selling until then there is 119 million share buying pressure behind your small guess of 50 million owned shares. The other parties are trying to hide the buying pressure from you by lattering the price down so you dumb fucking retail hands can get out the way as they massacre eachother. Don’t worry I have some proof that they haven’t even began to cover.and that they literally can’t until you sell I’m not just selling you shit and calling it a pie you fucking degenerates are about to be ignorantly rich. + +This is why the squeeze is taking so long to play out. They literally lost to retail on a bankrupting market shaking level. + +Your words don’t mean anything still value your sounding more like shill value you might say. + +No worries my young fucking apes I am here to nurture you with sweet sweet confirmation bias of the gods. Again if you are another meme stock holder and don’t want your confirmation bias fucking destroyed I invite you to leave. 😈 or stay and see why gme is so fucking different it doesn’t make sense. Now if the government reported ownership and the options chains and the fidelity buy verse sell graph every single day being 3:1 or more now coupled with the fact that gme is the most held stock in every single European country besides two doesn’t speak to your confirmation bias alongside the fact that no other hedge funds can sell their shares till they have their shares(hence why they are trading back in forth only in the dark pools and not on the open market, cause they can’t risk retail grabbing that last 1 million shares they are using on high speed ping pong illegally) meaning you have to sell for them to be able to sell. Here is the last piece of your puzzle. + + + +Spoken a long time ago were the words obv + +On balance volume + +Now I have been sitting here quietly watching and commenting and shitposting for a few months now having watched my graphs and having seen the discrepancy of ownership and short interest but guess what people can argue those points. People can say the 172 to 372 price hike still on td ameritrade end of March graph was a bug the random 600 million share volume at certain prices were a bug. They can say that well other stocks are over 100% ownership. Other stocks are heavily shorted. The bonds market this the market crash that. + +But guess what apes (I wasn’t probably the first one to find this but I sure as fuck am going to be driving this home today tomorrow and everyday after) there is not one single other stock that has behaved as gme has on the obv scale. Now I tell you this with literally 100 plus market relevant stocks from all the meme stocks to all major commodities to tech stocks to small market cap stocks to even the sundial and palantr stocks even good old silver. But for the photos I will cover here I only want to cover a few extremely relevant stocks (I feel) and a market standard or two if you truly question that there is a stock out there similar to gme on this level please feel free to check obv on the 15000 tickers I give you my blessing. I spent days looking for one my self and couldn’t find one hence this post you find one call me out I will Venmo you a cookie.(it doesn’t exist you get no cookie) + +For a few more of my smooth brains out there asking what exactly is implied by the obv when they see it in the photo. The obv measure past action as in its real not a forecast or a guess or a average it is past data. You can fucking mine it it is concrete. What it does is cover the volume compared to price increases and decreases. What the obv is clearly saying in gme case is we are tethered to a price higher then our already ATM and that when the wave of buying pressure comes in they will constantly be pushing the obv higher and tethering us to hirer prices. Tendie town is now literally a self fulfilling prophecy. + +EDIT sorry it posted the tickers twice. + +EDIT# 2 I was going to post all meme stocks but they literally all follow obv you can look them up if you don’t believe me. + +Edit #3 make sure to scroll through the three double posted tickers to get to the GameStop website ticker for the last cherry of confirmation bias + +[Gme compared to other stocks obv. plus a little bonus](https://imgur.com/gallery/nPI4Co6 + + + +Edit#4 forgot parsar shows instant reverse to 206. Also extremely over sold on 90 day chart for rsi and stochastic + + +Edit#7 to people saying I am shilling this that the other because I am not for amc anymore. Let me be clear I think amc will squeeze as well. But ta for amc and the short positions for amc and the fact that Wanda is openly unwinding and that amc wants to issue 500mil shares and amc is serious fucking debt tied to a covid play and can be shut down at any moment is why I don’t believe it will do anything like gme. I had said if you didn’t want your confirmation bias fucked with leave. I didn’t even want to post this but yal spam protecting amc. And the icing on the cake is gme and amc have decoupled eachother on the obv showing to me on a past tense measure beyond gme turning around cash heavy big management change management that cares a solid non covid new infrastructure play amc just isn’t like gme. Gme with go to untold fucking places and amc IN MY FUCKINg OPINION BASED ON THE AFFOREMENTiONED IS THAT. Also Jordan was pumping amc then went on treys crush amc down then crush gme just feels like amc is a distraction they have ammo in and the obv shows they have no ammo in gme + + +[Gme compared to other stocks obv. plus a little bonus](https://imgur.com/gallery/nPI4Co6) + +Last fucking edit if any one is trying to argue in the comments about this only being a 300% short problem instead of a 420% short problem that number one shows you they are shill number two trying to spread doubt when both positions are equally fucked + + +Been getting slack adding a few links here is finra for finra ownership go to shareholders tab +https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.59.0 +I can see the merit of super + +But with the preservation age only rising by the year. I’m 33 and the preservation age will likely be 70-75+ by the time I can access super. + +I understand the average age is increasing. But most people lose their health above 65-70. So you’re accessing your super when you can no longer enjoy it + +I think if you reach a certain figure (ie. $500k or something), you should be able to access it early. + +Likewise, I think salary sacrificing to your super is a joke for the above reason. The first thing I learnt studying finance is money today is worth more than tomorrow (present value) + +Who’s with me? +This is probably going to sound really dumb but how?? I just sold an AMD put (1 AMD sept 23 76)and made a quick 1.28 for holding for a few days. And I definitely wouldnt mind assignment if it happened as I do like the stock. But I was looking to get back into amd again and as I looked up the option chain my mind went wonky. I started looking at the same 76 strike and then my brain said "why are you going to try to sell a put again and pay back the 1.22 you paid to close the position?" So I guess I'm just asking for some pro tips. I definitely keep it under 25-30 delta and like to stay in the 2 week range. Do I wait for a down day? Raise my strike (this is probably obvious)? Wait till monday? +Guten Tag to all of you Great Apes across the world! 👋🦍 + +Our Diamantenhände HODLed through the first day of GME on the Russell 1000. Reverse-repo participation continues to be enormous, usually rising in the last week of a quarter, which this happens to be. Let's see where the German markets take us on 29/06/2021. Join apes around the world to watch low-frequency updates from a single German exchange as we prepare for the US pre-market to open! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$219.00 / 183,68 €** +- 🟥 115 minutes in: $219.06 / 183,72 € +- 🟥 110 minutes in: $219.11 / 183,78 € +- ⬜ 105 minutes in: $219.17 / 183,82 € +- 🟩 100 minutes in: $219.17 / 183,82 € +- 🟩 95 minutes in: $219.14 / 183,80 € +- 🟩 90 minutes in: $217.54 / 182,45 € +- 🟥 85 minutes in: $216.61 / 181,68 € +- 🟥 80 minutes in: $216.64 / 181,70 € +- 🟩 75 minutes in: $217.48 / 182,40 € +- 🟥 70 minutes in: $216.04 / 181,20 € +- 🟩 65 minutes in: $218.46 / 183,22 € +- 🟥 60 minutes in: $214.79 / 180,15 € +- 🟥 55 minutes in: $214.85 / 180,20 € +- 🟩 50 minutes in: $214.91 / 180,25 € +- ⬜ 45 minutes in: $214.64 / 180,03 € +- ⬜ 40 minutes in: $214.64 / 180,03 € +- 🟥 35 minutes in: $214.64 / 180,03 € +- 🟩 30 minutes in: $214.67 / 180,05 € +- 🟥 25 minutes in: $214.35 / 179,78 € +- ⬜ 20 minutes in: $214.55 / 179,95 € +- 🟩 15 minutes in: $214.55 / 179,95 € +- ⬜ 10 minutes in: $214.23 / 179,68 € +- 🟥 5 minutes in: $214.23 / 179,68 € +- 🟩 0 minutes in: $214.29 / 179,72 € +- 🟩 US close price: $213.25 / 178,86 € *($214.08 / 179,55 € after-hours)* + + +*** +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.19230013. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +~~Today I am testing an alternate method of fetching data, using quote data from Yahoo Finance APIs to calculate an average of 7 German exchanges and volume. Those results will be posted in the comment section.~~ + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Over the weekend, DerGurkenraspler appears to have deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the originator of the series. I've been serving as guest-host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I realize I have been spending an excessive amount on groceries which is especially disheartening because I feel like I regularly have to throw out food bc I don't realize it's expired. Usually I get bored of eating the same thing every day so I buy more stuff without taking full stock of the food I already have at home. I bet if I look in the back of my freezer I have forgotten food that is still good to eat. + +I have plenty of food to make it so I won't starve (much of my pantry is pasta and sauce) and I desperately need to cut down on my spending. I would like to get to the point where I clean out my pantry and freezer before buying more food. +Parents recently kicked me out of my house a week after graduating highschool - due to increased tension in their marriage and other factors. +Basically I was told to get the fuck out, was given my birth cirtificate, SS card, and passport. The next day while visiting my school counselor my bag was stolen, along with half of my cash. Now I am completely ID'less. What do I do? I have filed a police report but have yet to hear back. I've been sleeping in parks for the past few weeks and am seeking some guidance in the right direction. I do plan to go to community college. +EDIT:http://www.reddit.com/r/personalfinance/comments/3agp1e/update_18_no_id_homeless/ + +Appreciate the PMs, here's a little more info +This year has been hard. I declared bankruptcy. I had an ok job at an app, got offered a higher paying, closer to my home and way more fun and up my alley job at a theatre company, which I took, and then (after only 6 days, two of which were seeing plays) they let me go a week before Christmas, because "it wasn't a good fit". I noticed on their website that they'd hired two university students to do my job, essentially, they realized they could pay $20k to two students half my salary each and fired me. Two for the price of one. + +So, I've been on EI and doing a little freelance web design work. I did run out of money and eat rice and beans and canned tuna a lot. But I was surviving and I didn't give up. + +After tons of interviews, several in which it came down to me and one other person... I got a job. It is 5 minutes from my front door, across from my favourite cafe. It's a marketing and event planning gig and I'm SO excited. The atmosphere feels like I'll fit right in. + +I can start rebuilding my credit. I can afford to move somewhere close by that's not falling apart. I'm planning a wedding, and I can afford to save for that. + +I'm so proud of myself. 2.5 years ago I was a homeless prostitute going through the DTs and drug withdrawal in a jail cell. I went to rehab. I got and stayed clean and sober. I got a part time retail job, got promoted to management, took some online classes, and was able to go from minimum wage to 40k in that time. + +I just needed to share. I've been different degrees of broke since I was 16. I can't wait to have enough money to be able to improve my life and my credit. + +&#x200B; + +Edit: there are too many of you amazing, kind and supportive folks to thank individually (which is a great problem to have!) So just... Thank you. All of you. The kindness of strangers has really touched me, and to have this outpouring of cheering me on and calling my story inspirational... It's a big deal to me, and makes me feel even prouder of myself than I already was. Sending love to all of you. Thank you, from the bottom of my heart. +https://www.imgur.com/a/QhDYsf1 + +Looks like a lot of liquid funds have seen a decrease in NAV yesterday. Is the COVID panic the reason for decrease or did I miss anything? +Hi, + +I'm fairly well off, but I've made it a point to try and live frugally without it really impacting my lifestyle too much. I don't save on food, I eat out regularly, I have drinks and have fun. But I live by a few simple rules that help me maximise savings where possible. + +You've probably seen many of these before, but I'll share hem regardless. I hope it helps: + +**[EDIT]** reworded a few things to be more accurate + +**[EDIT 2]** seems like this thread is taking off a bit and the haters and trolls are out for blood. In no way is this list supposed to be 'a blueprint to saving cash'. It's a list of things that happen to work for *me* in *my situation*. E.g. I don't have a car and am debt free. Take from the list what you think may be useful to you in your situation and discard what you don't. + +**[EDIT 3]** it seems like #13 is rubbing people the wrong way. I am in no way advocating you go out and blackmail restaurants out of free food. I'm just encouraging you to stand up to businesses who provide sub par service and get your money's worth. Now *shoo* get off your high horse. + +1. Payday? Transfer 25% to a savings / investment account. Live off the rest. +2. Use a cashback credit card, but only use it when there's no surcharge (see 14) +3. Use loyalty programs EVERYWHERE. +4. Go grocery shopping with a full stomach to avoid impulse purchases +5. Don't buy mineral water; tap water will do fine (your mileage may vary depending on where you live) +6. Sell what you don't use, eBay is your friend +7. Use public transport off-peak if at all possible +8. Drink from a glass, not from the bottle (also good for portion control) +9. Brand clothing is bullshit; a dark pair of jeans and a plain properly fitting tee will do just fine +10. Do you like to smoke and you can't / don't want to quit? VAPE instead +11. Cold? Wear a sweater. Still cold? Wear a thicker sweater. Still cold? Maybe turn on the heater a bit. +12. Compare insurance. This is huge; you have no idea what you can get just by asking. A simple "competitor X is running promotion Y if I switch, what can you do for me?" can do wonders. +13. Unhappy with a restaurant / experience? Complain, and if they don't respond well, go public on their Facebook page. If you formulate your complaint constructively, you may just get something for free. Use photo evidence where possible. **Edit:** no I don't want you to go out and scam restaurants. For god sake people get of your high horses and learn to interpret. I'm just telling people to stand up against businesses that provide sub par service. +14. **SURCHARGES AND BOOKING FEES ARE CANCER.** Avoid avoid avoid. Switch payment methods if it helps you avoid them. Have cash at hand as well at all times. Online booking fee? Fuck it, call. +15. Dry clothes on a line outside. Only use the dryer when it's raining or extremely humid. Bonus benefit: your clothes will last a bit longer. +16. Re-use stuff. For example, grocery bags as rubbish bags. Paper for note taking. +17. LIGHTS OFF. Very elementary, so easy to forget. +~~18. COMPUTER OFF. Not 'sleep' or any of that bullshit. OFF. **Note /edit**: some say that the spin up from an old hard drive may actually increase your power usage. YOu may want to do a bit of digging, but I'm using an SSD drive without moving parts so in my case this works.~~ +*Note: looks like some savvy co-redditors have disproven this as being not very effective. Thanks for the heads up!* +19. Compare utilities (gas, electricity, phone, internet). See 12. +20. If something's half price, buy at least two. Use this to stock up on stuff like toothpaste, shower gel. +21. Don't be afraid to upgrade you phone plan to save. I ended up saving $30 a month by upgrading to a higher data allowance. + +Bonus for reading through my drivel: + +- If you get sick and need meds, always ask the pharmacist for a generic. Same stuff, just cheaper. + +Hope it helps. Feel free to add your own! +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’m sure that I’m just getting overhyped. I don’t know what it is though, it all feels that it is coming together and the burst is about to happen. A huge plume of smoke arises and all us apes see soon is a gigantic rocket that just points straight up. I know there is still a lot of ground to cover. I know there is a lot of people in our way. But I don’t know, something just feels “different” as of the last few days. It feels as if something is speeding the process up. Am I the only one that has this feeling of this speeding up? +EDIT: thanks for all the amazing tips and kind words. Stoked we’ve got a place and can’t wait to move in, going to save the post and write out big list of dos and donts. Thanks again and have a sweet Sunday + +Just had an offer accepted on a house for a relatively low amount (compared to UK average) - £110k. Nice area in Newcastle so not worried about it being “too cheap” or anything like that. + +Got a 10% deposit mortgage over 30 years for an affordable amount each month and going through all the normal stuff with conveyance/structural survey etc. + +What do you wish you’d done immediately moving into a new (first) home or upon agreeing a house price? Hindsight is worth more than any homebuyers blogs and I’d rather learn from other peoples mistakes if I’m honest! + +Thanks and have a great evening +This is a fictional scenario, but hear me out: + +- let's say I have a net worth of 1MM € invested in VWCE (or any *accumulating* broad market ETF so no dividends) +- I live off this investment, take out 3% every year so 30k € +- I have to pay a wealth tax every year which according to [this](https://www.blueumbrella.nl/faq/income-tax/income-tax-rate-in-the-netherlands/box-3-tax-rates) is 1.000.000 x 0,0553% -> 55.300 x 0,31-> 17.143€/ year +- So my net income for a year would be 30k - 17k = 13k € +- In order to have a net of 30k/year I'd have to have almost 3 MM € invested + +How can this be resolved? + +- Don't FIRE in the Netherlands? +- Don't use accumulating ETFs? + +Or is my math off? Thanks in advance +Have been broke for a while. Got a job as a bartender in Ireland. It's OK. It nets me free food from the kitchen so I can spend very little on feeding myself. Pay is €400 to €450 a week, after tax. Rent is €134 a week (Am strongly considering finding elsewhere when I can. Which will be €390 a month.) Currently have €3,000 in my account, with a soft goal of saving €1,000 a month. Electricity is ridiculous, idk, can be maybe €60 a month. I believe I can have 10k by January 1st 2023. + + + +Anyway, I've never really had any kind of savings. I want to get some advice on what I should be aiming for or doing with it as it rises. Just straight into a current account? I'd like to try to own a house or apartment some day, but that's probably an unrealistic goal for someone like me. I'd also like to maybe train to do something that pays better and I enjoy more, but I already have a degree and a did not finish Masters degree. + + +Am 27, not an Irish citizen, but British, would like to become an Irish citizen though. Eventually would like to be an EU citizen and retire in Greece. +**TLDR**: Companies will keep investing in redundant, diversified supply chains. Countries will force more localization due to national security risks. Energy prices will remain high. China will stick to its zero-covid policy. Rising rates will reduce demand and make credit more expensive. Reduced demand will hurt the economies of scale. Expensive credit will make ongoing investments more expensive to complete. Prices will keep going up for a few years, until these factors are mitigated. The market bottom will be when the companies cancel stock buybacks and start printing shares. + +# Long read + +The prevailing narrative today is that central banks will keep raising interest rates and sucking money out of the economy by other means, which will tame inflation sometime soon in 2023 due to reduced demand and economic slowdown. This is what the financial markets are pricing in, judging by bets on rates and bonds. + +However, the global inflation we are experiencing today is not driven purely by monetary policies. That’s why inflation is global, spanning the whole world, even though different countries have vastly different monetary policies. + +There are pockets of inflation, which are global, and were caused by relentless money printers, like real estate, travel, luxury goods, crypto, and various other assets. This is where the largest price reductions will continue. If you have any type of asset, it’s safe to say it will depreciate even more. Declines in housing and rent will drive down inflation metrics across the world, helping the central banks get closer to their inflation targets. + +But the central banks cannot meet their 2% goals, because they cannot mitigate other factors causing global inflation. These are supply chain issues, caused first by COVID-19, then strict China zero-covid policies, then Russian invasion of Ukraine. We have an energy and food crises on top of that, also caused by the war in Ukraine. There’s nothing central banks can do about restructuring of supply chains, food scarcity, and energy shortage. They won’t be able to meet their inflation targets anytime soon and will have to keep higher rates in place for a few years. + +# Just-in-time vs Redundancy + +Up until COVID-19, just-in-time production was *the way* of manufacturing. Whoever was more efficient at doing this was winning the profits race. The approach first pioneered by Toyota eventually was applied across the global economy. Until the priorities changed. + +First, the pandemic exacerbated problems of this model. Companies suddenly became unable to get the parts needed anymore and were dependent on various government policies regulating lockdowns. Production of everything, from bicycles to cars, was disrupted, often delayed by a single missing part. For example, Ford currently delays production of its most lucrative F-150 trucks, because its single supplier of company badges and logos is in trouble. + +[Ford’s Latest Supply-Chain Problem: a Shortage of Blue Oval Badges](https://www.wsj.com/articles/fords-latest-supply-chain-snarl-not-enough-blue-oval-badges-11663944141) + +Second, there was a strong belief that global trade and mutual benefits would prevent countries from starting large scale conflicts, because it would devastate the quality of life of everyone involved and beyond. This belief was shattered after Russia started a full-scale invasion of Ukraine, the governments across the world are scared, and want to mitigate their national security risks. This includes everything, from food, to energy, to semiconductors, to commodities, etc. + +Combined, this led to manufacturing being restructured from just-in-time into a redundancy model. Companies want to secure their own exclusive supply chains and have back-up options. Countries want to have localized manufacturing of various goods to mitigate national security risks. + +The pandemic and the war are not the only factors they fear. Whether it’s an earthquake in Taiwan or a blockade from China, it’s the same risk to have all your chips manufactured there. The risks were always present but became much more prominent in a short period of time. + +Coming back to Ford, and car manufacturers in general. They will have to source materials and produce the batteries locally to qualify for EV subsidies. This is a massive undertaking, which requires to build new mines, factories and duplicate numerous other elements of EV supply chain. + +Restructuring of supply chains is a very expensive process on its own. This will keep driving prices higher over the next few years, until we see the first benefits coming to fruition. The prices won’t go down after that either because redundancy is more expensive. Combined with higher cost for local wages, more expensive locally sourced materials, higher environmental standards, etc., this will stick prices to a higher level. We are years away from reaching those levels. + +# Micron case + +Let’s have a detailed look at a specific company to highlight the trend. Micron is not unique in what it’s doing, but perfectly illustrates what the companies around the world are going through. + +Micron is a great company. It has valuable, high margin, industry leading products. It has been around forever and will outlive all of you reading this text. + +However, its stock is down roughly 50% and may as well lose another 50% until we reach the bottom. Why is that? + +First, they need to invest a lot in local manufacturing in the US. They do not have an option of not doing this. And we are talking about $150 billion over the next decade. + +[Micron to spend up to $100 billion to build a computer chip factory in New York](https://www.cnbc.com/2022/10/04/micron-to-spend-up-to-100-billion-to-build-new-york-chip-plant.html) + +[Micron breaks ground on $15 billion U.S. chip plant, says more to come soon](https://www.reuters.com/technology/micron-breaks-ground-15-bln-us-chip-plant-says-more-come-soon-2022-09-12/) + +[Micron Announces Over $150 Billion in Global Manufacturing and R&D Investments](https://investors.micron.com/news-releases/news-release-details/micron-announces-over-150-billion-global-manufacturing-and-rd) + +The company also must diversify its supply chains. For example, Ukraine used to supply 70% of neon gases used in semiconductors manufacturing. Micron is adding redundancies to avoid bottlenecks like this one in the future. + +[Micron has diversified sourcing for its noble gases](https://evertiq.com/design/51415) + +It will take years for Micron to see the first benefits of these investments. And many more years for these investments to pay off. At the same time, the PC market is going through the worst slowdown in 20 years, while their current supply chains are still damaged by the war and zero-covid policies in China. + +[PC Shipments Plunge Nearly 20%, Steepest Drop in More Than 20 Years](https://www.wsj.com/articles/pc-shipments-plunge-nearly-20-steepest-drop-in-more-than-20-years-11665442764) + +How would Micron pay for these investments? Micron does not have $150 billion to invest and will have to find a way to finance this endeavor. It cannot avoid or postpone the investments and would have to drive them to completion no matter the cost. + +This is a weird situation, where the central banks are trying their best to reduce inflation, but making mandatory investments like these more expensive, which will drive prices higher, and keep inflation elevated. A conundrum, which is mostly ignored today. + +Micron, as well as other global companies, would go through a path, which would force them to raise prices for their products, but still end up indebted, strapped for cash, going through periods of unprofitability, and having their stocks at depressed valuations. + +# Buy High, Sell Low + +Unfortunately, companies typically purchase a record amount of their stock at peak valuations when they have record profits. Last year the top companies spent their entire yearly profits on stock buybacks (Microsoft, Meta, Google, Nvidia, etc.). They bought the all-time high number of shares at the all-time high prices. + +For example, last year Meta spent **$44.8 billion** on buybacks, which is roughly its yearly profit. And Meta spent almost $19 billion on buybacks in the last three months 2021 alone, at the top of the top of its stock price. What this means, is the company made no money last year. They spent all of their profits on buybacks, but the stock fell by 60% anyway. + +[Meta Fourth Quarter and Full Year 2021 Results](https://investor.fb.com/investor-news/press-release-details/2022/Meta-Reports-Fourth-Quarter-and-Full-Year-2021-Results/default.aspx) + +Companies are reluctant to cancel buybacks because this would immediately tank their shares. Instead, they try to reduce costs, freeze hiring, do layoffs, issue debt, postpone investments, and when everything else is off the table, they finally cancel buybacks. And only after that do they reduce dividends. + +Cost reduction, freeze hiring, small layoffs, and debt issuance are already ongoing across the US economy and increasing by the day. Investments, which would typically be postponed in this situation, are increasing, and financed through debt. Let's look at Meta again. Even though this company is not affected by supply chain issues, it's also in the process of going through the largest restructuring in its history and betting its future on it. This trend seems to be universal and encompassing even unrelated companies, probably due to record profits last year. + +[Meta raises $10 billion in first-ever bond offering](https://www.reuters.com/technology/meta-raises-10-billion-first-ever-bond-offering-2022-08-09/) + +The interest rates are rapidly rising, and it will soon become too expensive to issue more debt. The companies will then tap more into their cash reserves and future profits. At some point, this won’t be enough to cover the expenses and buybacks would have to go. This would crash their already depressed stocks. Then companies would have to go through a period of unprofitability and finance their needs through issuing shares at the very bottom of the market. + +It's typical for companies to issue shares at the bottom of the market when they have no other options. For example, they almost unanimously printed shares during the bottom of 2020 pandemic crash. And next time, when stocks are at their most depressed levels, when companies are hammered in the news about their poor financial choices, and start printing shares again to stay afloat, would be a good time to buy in. This would be the bottom of the bottom. + +Whether it's Micron, or Meta, or pretty much any other large public company, they all are going through a similar path. The next few years are going to be rough. + +# Expensive Transition + +This transition could have been easier if China or Russia did not change their constitutions to appease their leaders. But both of them did everything to let their leaders stay in power for life. + +China is going to stick to its most damaging policies, because their supreme leader is not allowed to admit mistakes. Whatever choices were made must be the right ones. This means zero-covid policies and frequent lockdowns of hundreds of millions of people will continue. This will keep randomly damaging supply chains of any product imaginable, spiking prices and causing shortages, until redundancies are in place. + +Similarly, the supreme leader of Russia can not admit his mistakes and would have to wage the war until the bitter end. Losing the war is the end for him and his inner circle. This will exclude Russia from the global economy for the foreseeable future and continue the energy and food crises. + +The central banks will continue their fight against inflation. They know they messed up by printing too much money and inflating every asset price imaginable. They want to restore their credibility and cannot back down from this path, because otherwise there’s a risk of hyperinflation. Hyperinflation is much worse than a recession. But because inflation is partly caused by non-monetary factors, the central banks would make ongoing changes in the economy more expensive and inadvertently force inflation to remain higher than their typical 2% targets. + +If the central banks had not printed as much money as they did over the last decade, and kept their interest rates reasonably higher, this would be the perfect time for them to reduce the rates and help companies finance their massive investments. Instead, the central banks will make this process more expensive, which will result in higher prices, and will make it harder to bring inflation below 2%. + +The central banks will be able to reduce demand. However, reduced demand won’t always make prices cheaper either, because it will decrease the benefits of the economies of scale. + +Consider an industry like travel. If fewer and fewer people can afford to travel, and energy prices remain high due to a shortage, then reduced demand only makes flying more expensive. If there’s not enough people to occupy all the seats in an airplane, then each ticket becomes more expensive. The economies of scale benefit from high utilization, once demand goes down, profitability is reduced everywhere, from cloud services to food delivery. +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! + +**TLDR** - If for one day a month you crank everything at peak time, that **one day** can cause up to an extra $120 on your bill and the education around this change isn't well known.* + +* - Based on $0.25 demand rate and an 8kWh usage at 6pm, your mileage will vary. + +**Background** + +As some might be aware, a couple of months ago saw incredibly high wholesale costs of energy. QLD was capped to $300 per MWh which equates to $0.30 per kWh, probably more than you pay. Southern states saw it go up to $1500 per MWh which is $1.50 per kWh. For the most part the consumer isn't exposed to this price so they don't care and have no incentive to reduce their usage other than their lights might go out. Because of this some retailers exited the QLD market benefiting companies that both generate power and retail it, like AGL. Also this is not an AGL rant, most if not all QLD retails are doing this. + +**Demand Tariff** + +Demand tariffs is the industry solution to this problem, and I believe it's a pretty terrible one in the way it's been implemented and communicated. Different retailers have probably implemented it differently and their language isn't great, so this part might not be 100%. Feel free to elaborate on your particular retailer. + +AGL for example calculates the demand cost over a 1 month billing period. It takes your highest 30 minute usage during the demand period, multiplied by 2, multiple by the days in that billing month. For example if you were cooking at 6pm and had your oven, couple of air-cons and cooking with things like toasters and microwaves you could very easily reach an 8kWh in 30 minute period. If your rate is $0.25 (as in AGL's example) that equates to be 8 * 2 * $0.25 * 31 = $124, even if it was for only 1 day in that billing period. + +**Too many unknowns for consumers** + +I cannot find a complete source on this information. [Canstar Blue](https://www.canstarblue.com.au/electricity/understanding-queensland-electricity-tariffs/) says the demand period is between 4pm - 8pm. [Energex](https://www.energex.com.au/home/control-your-energy/managing-electricity-demand/peak-demand) says it tends to be between 4pm - 8pm. If it's just highest usage during a day, this could be between 6am and 8am. This is apparently labeled as tariff 14 however my bill at least doesn't list the tariff number, just "demand tariff". There is no information about when this was calculated on the bill and for many consumers this information is too difficult to determine. + +**What can be done?** + +I believe the Energy and Water Ombudsman or I guess ACCC should demand companies publish specifics of this information such as time or formulas and if it's truely based on demand at any time, publish this information in virtually real time. Also now batteries have become more valuable. I have set my battery to run between 4pm and 8pm and 5:30am to 9am and just being aware to not run heavy appliances during this time. It charges from the grid during non-peak times / from solar. This has meant my peak usage during peak time is typically only 0.5kWh With a $0.25 tariff means I get charged about $7.75 per month of the demand tariff, potentially saving $120 a month on top of typically saving using the battery when the sun is down. + +Feel free to ask questions and make any corrections. Information isn't great on this with some conflicting and someone who works directly in the industry (I work indirectly) might have better information / sources. + +**EDIT** + +Just to clarify why I don't think this current process is fair on consumers. If you're away from home for 29 days, come and crank out 8kw at 6pm, you'll be charged $124 for usage for that entire month and consumers have very little information about when that peak would be calculated. + + +Should you be on that plan if that is your case? No but this post is meant to inform you, with this information you might change your plan. +I just checked a ticket I bought two weeks ago at the newsagent and turns out it is a div 1 winner. They got me on the phone to headquarters and there is a two week waiting hold before the money will be deposited. + +&#x200B; + +Although I will seek financial advice, I just want to know what the general jist of my investment strategy should be? As a 24 year old, I have: + +$5k credit card debt + +$18k car loan debt + +$90k HECS debt. + +&#x200B; + +Not too worried about HECS, and I should pay off those outstanding debts ASAP, but I also do not own property. Do I spent all of it on a property, buy a more modest home and invest? yolo and travel the world? I have no idea what to do, but I know if I do the wrong thing I will blow this one in a lifetime headstart. + +&#x200B; + +Thanks guys. Can give mods proof +Hi all, just a friendly warning that I was contacted by a suspected scammer promising 1000% weekly returns (I know, why not something too good to resist?) + +This person was trying to move the conversation to WhatsApp. Claiming the investment business is based in the US but refusing to provide any further details. Very sketchy. + +I'm sure 99.99% of you are savvy and safe, just a reminder to always do your due diligence... And if it sounds too good to be true... Better make a Reddit post about scammers. + + +[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!* +especially in and around lakes, for example a couple hours north of quebec there are some really nice lots for sale bordering lakes that sell for a fraction of the cost a typical lakefront property would go for in a more southern area. + +anyone been thinking about this recently? add in covid and automated delivery (drones?) plus a nice 2-3 degree temperature increase, these northern woodlots could become very desirable places to live. +For people who are looking to fix some proportion of their home loan... + +*How much to fix* becomes a very complicated question: the variable portion is often at a higher rate. This means you don't want to fix too little and be stuck paying a higher rate, but you also don't want to fix too much, and not be able to take advantage of the 'tax free' offset account, which is much better than the alternative 'high' interest savings account. There is also additional complexity because you might want to periodically save money in your offset, and repayments mess with the values of each loan. + +So I created this tool which does the calculations for you and tells you what percentage of your loan that you should fix. It also tells you how much money you will save, which shows that it can be a good idea to fix your interest rate, especially if there is a big difference between what you are currently paying. + +Instructions are pretty self explanatory: fill in the orange cells, the grey cells is the output. + +[This is what it looks like.](https://i.imgur.com/uUHGBaV.png) + +[Downloadable excel version, works best/fastest with the most features.](https://drive.google.com/file/d/17rvt_uB5xRVcDNSgwstfVTEzM_O_3M2v/view?usp=sharing) + +[Free to edit google sheets version, much slower to calculate and people can mess with you, but should still do everything.](https://docs.google.com/spreadsheets/d/1ORmi_suCE_dctHGkogcb-0Lmbp6J2N6tttT0pxGSjCs/edit#gid=1828323477) +Hey guys, I’m turning 18 in a few days and I have 1000$ in hand that I would like to invest into stocks. Any advice on what I should start with? This 1k is just essentially “pocket change” if that gives you an idea about if I need this money in the future or if I need it any time soon. I just prefer to not lose it and I don’t mind holding for a longggggggg time. +It's 42K and a combo of credit cards, paying off my ex, an unexpected $7500 vet bill + monthly meds and 8k in student loans. I make 60K a year. It's overwhelming and I can do it and have a plan but I'm just so tired. I just want to live my life without the added stress. Day one I suppose +[Drone strikes knock out half of Saudi oil capacity, 5 million barrels a day](https://www.cnn.com/2019/09/14/business/saudi-oil-output-impacted-drone-attack/index.html) + +What will be the impact on India and the Indian markets due to this ? +By now we have all heard the virtues of Dollar-Cost Averaging (DCA) and that you should never try to time the market. Basically, it has been repeated ad nauseam that + +>Time in the market beats timing the market + +But what is interesting is that I could not find any research that has been done on the best way to do dollar-cost averaging. + +**Theoretically, there must be a better way than to randomly throw your hard-earned money once a month into SPY, right?** + +So in this week’s analysis, we will explore various methods to do DCA and see which one would end up giving you the best returns! + +___ + +**Analysis** + +Given that dollar-cost averaging is about holding investments long-term, we need data, lots and lots of data! For this, I have pulled the adjusted daily closing price & Shiller P/E ratio of SPY for the last 30 years \[1\]. + +Now we have to devise different methods to do the Dollar-cost averaging that will maximize our long-term return. We will have different personas for reflecting different investment styles (all of them would be investing the same amount - $100 every month but following different strategies) + +**Average Joe:** Invests on the first of every month no matter how the market is trending (this would be our benchmark) + +**Cautious Charlie:** Invests in the market only if the Price to Earnings Ratio \[2\] is lesser than the last 5-year rolling average, else will hold Treasury-Bills \[3\] + +**Balanced Barry:** Invests in the market only if the Price to Earnings Ratio is within +20% \[4\] of the last 5-year rolling average, else will hold T-Bills + +**Analyst Alan:** Invests whenever the market pulls back a certain percentage from the last all-time high, else will hold T-Bills \[5\]. + +Given that we need to have some historical data before we start our first investment, I have considered the starting point to be 1st Jan 1994. So the analysis is based on someone who invested $100 every month since 1994. In all the above strategies, we will only hold treasury bills till the investment requirements are satisfied. I.e, in the case of Cautious Charlie, he will keep on accumulating T-Bills every month if the PE ratio is not within his set limit. Once it’s below the limit, he will convert all the T-bills and invest them into SPY. + +___ + +**Results** + +Based on the time period of our analysis, we would have invested a total amount of $33,400 till now. + +**Return Comparison - Different DCA Strategies** + +|**Investment Strategy**|**Portfolio** |**Investment Strategy**| +|:-|:-|:-| +|Average Joe|$169,036|406%| +|Analyst Alan - 1% drop|$168,129|403%| +|Analyst Alan - 3% drop|$166,658|399%| +|Balanced Barry|$162,150|385%| +|Analyst Alan - 5% drop|$154,441|362%| +|Analyst Alan - 10% drop|$146,392|388%| +|Cautious Charlie|$139,696|318%| + + + +No matter what strategy we use, the most amount of returns were made by the Average Joe who invested every month no matter how the market was trending. A close second was Analyst Alan who accumulated money in T-Bills and only invested when the market dropped more than 1% from its all-time high. + +The least amount of returns were generated by Cautious Charlie who only invested if the PE ratio was lesser than the last 5-year average (basically by trying to avoid over-valued rallies, he ended up missing on all the gains), followed by the Analyst Alan persona who waited for a 10% drop from ATH before investing. + +___ + +**Limitations** + +There are some limitations to the analysis. + +a. Tax on the gain on sale of treasury bills and transactions costs are not considered in the analysis. Both of these would adversely affect the overall returns + +b. Since I am only using the monthly data for the P/E ratio and my SPY investments (due to data constraints), a much more complicated strategy involving intra-month price changes might have a better chance of beating the market (at the same time making it more difficult to execute). + +c. While we have analyzed the trends using the last 30 years’ worth of SPY data, the overall outcome might be different if we change the time period to say 40, 50, or even 100 years. + +___ + +**Conclusion** + +I started off the analysis thinking that it would be pretty straightforward to find a winning strategy given that we are using nuanced strategies instead of randomly putting money in every month. I also checked for various time frames \[5,10, 20 years\] and various endpoints \[Just before the covid crash, after the crash, before J-Pow, etc.\]. In none of the cases did any of the strategies beat average Joe in the total returns. + +Since this is an optimization problem, I am [sharing all the data and my analysis](https://docs.google.com/spreadsheets/d/1JK4b-CYgvlSH-FqYvCBEve0RQ3ACmJNsmTwzLV7jqWs/edit?usp=sharing) in the hope that someone can tweak the strategy to finally give us that elusive risk-adjusted market-beating returns. + +___ + +**Footnotes** + +\[1\] The data was obtained from Yahoo Finance API and longtermtrends.net. While the P/E ratio was available for the last 130+ years, the daily closing of SPY was limited to 30 years. + +\[2\] We are using the Shiller PE ratio - this ratio divides the price of the S&P 500 index by the average inflation-adjusted earnings of the previous 10 years. This solves for the brief period in 2009 when the normal PE ratio went through the roof as the earnings of the companies fell drastically due to the financial crisis. + +\[3\] We are holding treasury bills as it has the shortest maturity dates and does not have a minimum holding period unlike the T-Bonds + +\[4\] The 20% cut-off is considered as it would be above one standard deviation from the historical trends + +\[5\] The idea of investing after the market pullbacks is driven by the following report from JP Morgan which stated that 70% of the best days in the market happened within 14 days of the worst ones +In December The Fed said they wouldn't change rates for another year, the interest rate at that point was ~1.75%. With the pandemic going on they've dropped the rate to below 0.25% (which might as well be zero). It makes me think (speculate) that there's nowhere to go but up... But when? And then What then? + + +My question for you fine folk is: If/When the interest rates do go up, what does that historically mean for Value Investors? + +Thanks! +The IFS has released a very detailed study of the upcoming changes to Student Loan Interest - you can [read the full report here](https://ifs.org.uk/publications/16024). + +Some key points: + +&#x200B; + +* "Today’s reading for RPI inflation means that the maximum interest rate, which is charged to current students and graduates earning more than £49,130, will rise from its current level of 4.5% to an eye-watering 12% for half a year unless policy changes (the interest rates for low earners will rise from 1.5% to 9%). " +* "This means that with a typical loan balance of around £50,000, a high-earning recent graduate would incur around £3,000 in interest over six months – more than even someone earning three times the median salary for recent graduates would usually repay during that time." +* "The maximum student loan interest rate is then likely to fall to around 7% in March 2023 and fluctuate between 7 and 9% for a year and a half; in September 2024, it is then predicted to fall to around 0% before rising again to around 5% in March 2025. " + +&#x200B; + +How does this impact you and does it change your plans or not for overpayments of your loan? (should it change them - I'm no good at maths). +Longtime lurker here, first time poster. I'm moving to SF (VHCOL) this year and I'm wondering whether it makes sense for me to purchase a 2 bedroom apartment given my financial situation. + +24 (M) w. 240-270k a year (1099). I should be able to get to 320-350 within the next year but let's assume my income stays steady for this calculation. + +250k saved (which would be my target down payment) w/ another 6 months living expenses socked away for a rainy day in addition to \~25k in assorted smaller investments. + +If I rent my monthly housing expenses will be around 3k. If I purchase a 2bd then I'm looking at a 1M outlay and a 750k mortgage (I would be renting out one of the rooms). Is this something I should even look at? Looking for some pros/cons and potentially some indications of what sort of calculations/factors I should be considering here. Any help at all would be appreciated with this. + +&#x200B; + +Thank You! +I currently need to work about 2-3 more years (assuming no lengthy market downturns) to achieve what I perceive as a true FatFIRE retirement. Does anyone have thoughts, recommendations, encouraging slogans, etc. about how to work these last few years and resist the urge to simply retire now and live out ChubbyFIRE? + +The “problem” (which I know really isn’t a problem) is that—like most people approaching FatFIRE—I probably could retire now without much serious difficulty. We could downsize from our >$1M house with its high property taxes and upkeep costs, or cut back on the overseas trips and entertainment in our planned retirement budget. And even if I retired now my wife is going to keep working for some period of time making a low six figure income and continuing our health insurance (meaning we won’t have to pay a large line item in our retirement budget). For those of you that could comfortably FIRE but continue to work to become fat(ter), what keeps you going (besides sheer love of whatever you do to earn money, which I’m unlikely to consistently manifest)? + +For people who want the actual numbers, our current invested assets (so not counting equity in primary home, vehicles, and other personal property) are $6M, my FatFIRE target for invested assets is $7-8M, and our “fat” post-retirement budget is $250k annually (including taxes). +# Hello, fellow apes! 🦍 + +First of all, this is not financial advice. Do not take anything I say here as the absolute truth. Make your own due diligence and take your own conclusions. + +I stopped going into Reddit and watching the ticker a few days ago because my bias was already 100% confirmed, but yesterday I started to receive comments and awards in my old post: [Proxy Voting DD,](https://www.reddit.com/r/Superstonk/comments/mxwfyt/proxy_voting_dd_how_the_count_works_and_timeline/) and it caught my attention. + +# I think I predicted why GameStop is being so public about the MOASS right now, and I want to show you why. + +[GameStop literally and directly addressing the MOASS in their Twitter account](https://preview.redd.it/vg6qy8vhcqy61.png?width=590&format=png&auto=webp&s=b058d58fecaf30fbee90eee219bfddfb12dde486) + +GameStop voting tabulator for the 2021 Shareholder Meeting is **Computershare** *(*[*Proxy document*](https://sec.report/Document/0001193125-21-126940/#toc122967_28)*, page 12)*, a company that specializes in multiple things relevant to the stock market (proxy voting, direct purchases of shares, and more). Knowing this, I found two things: + +# A) How GameStop may have already received their first voting reports + +**Georgeson** is a "sub-company" of Computershare, and it seems they function like the Computershare division for proxy voting. + +On Georgeson's site, there is an ["Annual Meeting Calculator"](https://www.georgeson.com/us/annual-meeting-calculator) so that companies can see the timeline of relevant events before the shareholder meeting's desired date. + +If we put the GameStop meeting date, we can see what are the expected and estimated dates for certain events: + +[If you want to have your meeting on June 9, you should file the proxy statement with the SEC on May 5](https://preview.redd.it/5tq8lf7deqy61.png?width=1187&format=png&auto=webp&s=690936e1360fa72daf90b5868d17b590d1ca629f) + +We know GameStop filled their proxy statement with the SEC way earlier than that (4/22, thank you RC!) so the entire timeline of events should be shifted. + +Take a look at what is expected on May 24 + +https://preview.redd.it/js5mwlj0fqy61.png?width=675&format=png&auto=webp&s=2c2b54186270019686b749c895d22a7a6edf86ee + +If my maths are correct, May 24 is around 13 business days after May 5 (SEC filling date) so we can use that to calculate the actual date. + +**I estimate that GameStop should have received their first voting reports around 5/11 (yesterday).** + +This makes complete sense, they would not address the MOASS if they didn't know the vote count. **We are in the endgame now.** + +# B) What will happen to retail votes when there is an over-vote? + +As you may already know, when the vote count exceeds the total amount of shares, the votes are just "retouched" so that the vote count is less than the total amount of shares. + +**This changes nothing for us:** the spark that could ignite the MOASS is not the election in itself, but rather the real vote count. Just the mere fact that they disclose the real vote count will be enough for everyone to see how fucked the shorts are and everyone will jump on the bandwagon. + +Even though it doesn't matter for the MOASS, I wanted to know more about how the votes are "retouched", to see how unfair it may be. + +I found a document titled ["Over-Voting And The Options"](https://www.computershare.com/ca/en/Documents/CPU_OVER_VOTING_OPTION_en.pdf), by Computershare that shows us exactly that. There are basically 6 strategies that Computershare provides to "retouch" the votes, **at least in normal scenarios** (this may not apply to GME). + +I think the less-harmful option would be Option 3, and I hope is the one that GameStop uses if it's forced to choose one: + +[ELIA: All shareholders that voted will be considered, but the \\"weight\\" of their vote will be reduced so that the total count does not exceed the total amount of shares.](https://preview.redd.it/lj6y7blpjqy61.png?width=785&format=png&auto=webp&s=7c4c5ae2785395c6f3ec11623d09490ae21566c1) + +That's all I have for today. + +# BUY, HOLD, VOTE. + +^(NOTE: I repeated some parts of my previous DD just for the sake of visibility) +If Donuts are for sale, then we have no better signalling in here than an ETH coin vote. + +I am all in favour of donating, but the transfer of Donuts in any capacity regrettably allows for the sale of donuts. This means EthTrader polls become game-able. + +[View Poll](https://www.reddit.com/poll/aiq8o7) +Wanna Easily Help place some pixels but don't want to join discord? + +# + +[Newest Image as of 5:00pm AEST 2nd April \(AEST is ahead by a day US folks, so convert it\)](https://preview.redd.it/stgzxqc3f2r81.png?width=408&format=png&auto=webp&s=e48594ccb6c6a549ba35a2c76a5b8561914fd0be) + +# Chrome Instructions (Will always update when there is a change in design) + +Chrome: [https://www.tampermonkey.net/](https://www.tampermonkey.net/) + +Once you've downloaded one of the two above, go to "create new script" and paste in the following code from this link: [https://pastebin.com/i8WwVdQ4](https://pastebin.com/i8WwVdQ4) + +This will create an outline for where you should place pixels. The only thing you need to do is check the box next to your script and click 'enable'. + +Go to r/place (or refresh it if it's already open) and you'll see the template is now ready to go! Enjoy pixeling :) + +# Firefox Instructions (Will always update when there is a change in design) + +1. Download ViolentMonkey (Firefox Extension) +2. Click on the extension, close top right +3. Plus Button (mid left) > Install from URL +4. Input [github.com/rplacesuperstonk/rplace-image/raw/main/userscript.user.js](https://github.com/rplacesuperstonk/rplace-image/raw/main/userscript.user.js) +5. Confirm installation +6. Go back into r place > Make sure "Superstonk Logo Template" is turned on > Refresh the page + +# Alternative Approach (THIS IS NOW OUTDATED, WORKING ON UPDATING) + +If the above is too complicated, you can follow the process below - which tells you where to place pixels, but you'll have to have another window open :) + +[https://www.reddit.com/r/Superstonk/comments/tts2vw/updated\_coordinates\_for\_rplace/](https://www.reddit.com/r/Superstonk/comments/tts2vw/updated_coordinates_for_rplace/) + +&#x200B; + +# Alliances + +[https://www.reddit.com/r/Superstonk/comments/ttwc9o/we\_have\_alliances\_with\_the\_trees\_scotland\_star/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ttwc9o/we_have_alliances_with_the_trees_scotland_star/?utm_source=share&utm_medium=web2x&context=3) + +For those not aware, r\\places is presently underway. As of this moment, Superstonk has arranged ceasefire and Co-Ops with the Trees, Star Wars, Scotland, and Blue corner. As of this post, we are trying to get with loopring as well. Please work together! I'll update this post as new info becomes available. +A good friend of mine works at rocket mortgage doing underwriting. They state rocket management is offering volunteers to be let go and offering 15k in severance and fully vested stock on the way out. Anyone that wants the severance package must let them know by this Friday end of day. Anyone who stays will either be shuffled out or formally laid off. This makes bofa, rocket mortgage, loan depot and one or two other large banks officially part of mass layoffs. Prepare for other institutions like jp morgan and citi to start doing the same. Underwriter pipelines are bone dry due to the current mortgage rates going up and up and up. +Think I'm borderline fat fire ($8.5M total assets). fire'd myself end-May after 25 years in tech. So far, so good although there have been some things I've had to figure out. Here's my trip report so far... + +Money sitch: I keep 3 years draw in cash + ultra short duration bond ETF plus a rainy day fund of $50k. Taxable stock/fund portfolio of $3.2M, IRA of $1.2M titled hard towards value/international. $2.4M of investment real estate in HCOL/tech cities. Separate account with 100% of kids college funded, $80k per kid for starting out stake. I like the feeling of: worst case scenario, it's a problem I have three years to figure out. No money stress. + +Spending: yield on taxable account plus rental cash flow is $75k per year. \~$30k in consulting assignments (\~5 hours per week) I have taken on, plus my old company is still paying me another $30k per year in deferred benefits. Wife still works ($130k per year) and I'm drawing down $15k per month. Our spend is \~$400K per year for us + one kid (doesn't include kids in college, that money is separate). It feels like the city I live in has 10%+ inflation but generally that spend level meets our needs. I'm drawing down \~3.5% of my investment assets annually. I worry about inflation medium term but the gains I'm making on real estate (also have $2M+ primary residence) feel like a strong hedge. + +So what do I do with the freedom? I've traveled a ton - camping, Europe for a month. Gotten in much, much better shape (I'm 52 so that's relative) and have been trying to change all of the bad habits (drinking, weed to deal with work stress) that I've developed. So far so good. I stopped drinking for a month and now I have 2 drinks at most in a week (down from 10+). I've gotten to love the public library again and am reading a lot, and taking language lessons almost every day. + +There are three things I've been trying to navigate. While firing myself felt like hitting the finish line for me, I still have one kid at home and my spouse isn't ready to just hit the road...definitely some tension there. People I know think it's a bit weird that I've "retired" at 52. That conversation can be a bit awkward...when people ask me what I am doing, I tell them I'm looking for meaning...that's usually a pretty short conversation. Lastly, working through all of the ways I've conditioned myself to set goals and assign value. It's pretty interesting how our own minds, habits and reference points can be our own worst enemies at times. + +I thought I would miss the camaraderie and the intellectual stimulation of work, but it's really only the people I miss...I find that I can create way more intellectual stimulation for myself. We really have created a world for the curious in terms of services (podcasts, audio books, MOOC, online language/other courses). I'm never going back. For now just trying to stay open and focusing on the habits/skills I want to build on - languages, meditation, parenting, tennis. And I take a siesta every single day... +I, like many others find this whole Mt.Gox debacle very suspicious. Information surrounding Karpeles, 2bitidiot's leak, and US subpoenas is all quite vague and none of it seems to match up. We have been given ZERO conclusive information on how the bitcoins were stolen or even how long ago. + +I implore everyone in this community to not just settle for this frog march of Karpeles. With bitcoin we have the ability to PROVE where these coins are. + +The elephant in the room is that 800k bitcoin DO NOT just disappear without a trail on the blockchain. We have this ground breaking public ledger technology, lets not take it for granted. + +Demand proof! If Gox has control of these coins or not, the BTC MUST be accounted for. Do not let this go by the wayside. If Mt gox is not able to provide us with this proof not one person should believe the official story. + + +**EDIT: I did not lose bitcoin in MtGox. I am merely trying to spread awareness of the power blockchain has to prove or disprove claims people make about bitcoins being stolen. There are many class action lawsuits being brought against MtGox and this ability to trace the coins needs to be included in the trial.** + +Real estate is one of society's largest, oldest industries and has managed to resist significant disruption for many decades. According to the latest news, the performance of major housing companies is getting tougher, and my observations also confirm this. + +In general, most indirect indicators signal us about a forthcoming crisis - hiring activity has significantly decreased, investors are pessimistic, and the short interest level is growing for most of the main players. + +We all saw that **better.com** (a pre-IPO company) [fired 900 employees](https://edition.cnn.com/2021/12/05/business/better-ceo-fires-employees/index.html). CEO said - «The market has changed, as you know, and we have to move with it in order to survive so that hopefully we can continue to thrive and deliver on our mission». + +It looks like a powerful signal, so from words to data! Let's take a quick overview of the main US real-estate-related companies and try to understand the overall market situation: + +**1. Opendoor Technologies Inc. (**[**$OPEN**](https://contora.ai/ticker/open)**)** \- the biggest player in the real estate market. + +If you're a home buyer or potential real estate investor, you need to be paying attention to what's going on with Opendoor since they buy and sell more homes in the US than anyone else. And if they're crashing down - that's definitely a strong signal of what you can expect to see in the whole housing market. The $OPEN stock is already 30% down over November: + +https://preview.redd.it/iuwglbmqc7481.png?width=673&format=png&auto=webp&s=3050e2beece0ca9b648048b559cf10844ad469a4 + +We can see a constantly growing [short interests](https://contora.ai/ticker/open#short_interest_level) level for $OPEN as well, which means that the company is actively being shorted: + +[$OPEN short interest](https://preview.redd.it/jkbu7ddsc7481.png?width=1397&format=png&auto=webp&s=a21c4b6b004418b37a385a6078060d6a1629b8dc) + +Another bad sign for Opendoor is the growth of [insiders selling activity](https://contora.ai/ticker/open#insider_trading_activity): + +[$OPEN insider activity](https://preview.redd.it/hk9c7gmtc7481.png?width=1383&format=png&auto=webp&s=997e3e2049ccd82fde8e74bb92e3ba19f5d58841) + +When these insiders sell the stock, it's only natural for outsiders to wonder if something is afoot. But with the support of other powerful signals - it's crazily bad :( + +&#x200B; + +**2. Zillow Group (**[**$ZG**](https://contora.ai/ticker/zg)**)** \- Opendoor's largest competitor, a digital real estate company, operates real estate brands on mobile applications and websites in the United States. + +The second negative signal was made by Zillow company a month ago - its stock price has reduced significantly. + +https://preview.redd.it/5h5s2egvc7481.png?width=538&format=png&auto=webp&s=47b61a630d7bfd72ce57e74b705e50ce13d41f58 + +The number of [open job positions](https://contora.ai/ticker/zg#job_openings) at Indeed and Glassdoor has dropped to zero, which means that $ZG can't afford to hire employees: + +[$ZG hiring dynamics](https://preview.redd.it/nsmm358xc7481.png?width=1397&format=png&auto=webp&s=32ac5613ad773113b6eedb3c1859448bc31bc3fb) + +And situation with [short interests](https://contora.ai/ticker/zg#short_interest_level) level is similar to $OPEN's: + +[$ZG short interest](https://preview.redd.it/i6dxprqyc7481.png?width=1388&format=png&auto=webp&s=4c21e6956a8d8278073638bfc987f8aa15401217) + +**3. Redfin Corporation (**[**$RDFN**](https://contora.ai/ticker/rdfn)**)** \- a residential real estate brokerage company in the United States and Canada. + +The third company in a list - a third bad sign. The Redfin's shares dropped 20.9% in November: + +https://preview.redd.it/mx96mi20d7481.png?width=667&format=png&auto=webp&s=677f394eccaea950bc9e1f0048e113526a0f1a7f + +At present, $RDFN has a market cap of $4 billion. But Redfin only generated low numbers in gross profit over this year and had no net income: + +[$RDFN fundamentals](https://preview.redd.it/ihops7j1d7481.png?width=1391&format=png&auto=webp&s=3e76f36202c4144df79a412d2633a9831d36a665) + +If it's unable to grow its business over the coming years, the stock will likely fall even more from here. Also, the company is [actively being shorted](https://contora.ai/ticker/rdfn#short_interest_level) over the past few months as well: + +[$RDFN short interest level](https://preview.redd.it/yj13uh83d7481.png?width=1380&format=png&auto=webp&s=d4dfce16f1a7101fced10f6557c03764e284ee85) + +What are your thoughts on the real estate market? This is a fairly quick overview of the current market situation, but even from these facts, we can understand that the housing market is going through a period of turbulence. + +If this post was interesting,  I can try to prepare a more detailed analysis of the market situation and include more alternative indicators and players there. +Recently I have consider investing in dividend ETF and I have came across SCHD quite bit but I also found Vig. Both have 0.06% expense ratio. There 5 year growth also as been similar. But there stock allocation is quite different. + +I was hoping to get some opinion on if you guys have invested in either one, if so what was your deciding factor? +My wife and I are just starting to invest savings into the stock market. Bought some shares of SPY a week back and I know they cover pretty much everything. I know diversification is important and had a few questions regarding this. My plan was to invest in sector ETFs to diversify myself in each sector. Does this sound like a good plan? I saw the wiki with ETFs in each sector but if anyone has suggestions for specific sectors to help out it’d be appreciated. Thanks in advance. +Hello everyone I am still very new to ETFs and currently have been investing in VONG vanguard Russell 1000. I have been investing periodically rather than just buying out right shares. I want to get into some of the other ETFs including VTI And VOO. However, these ETFs have a much steeper price. My question is would it be better to invest money periodically or buy a share out right? Any advice would be great! +Hello everyone, + I am a 22 year old newbie to ingestion. I have a Roth IRA and a brokerage with fidelity. When I invested earlier this year I had little knowledge on overlapping and bough shares vti, schb, and voo for my Roth. + +My Roth IRA is maxed out consisting of: +2/3 VTI +1/3 SCHB +1/3 VOO + +I realized there is overlap in this and was wondering if what I should do with my 2021 contribution. Should I put all my money in VTI or VOO. Or should I add another etf like a russel 1000 or international fund like vxus? +Hi there, + +What are your problems when it comes to ETF investing? Do you have a hard time finding necessary information, problems with the right diversification, or any others? + +I'm trying to get insights into what the ETF investors community is struggling with to get to know it better. +Edit: Seems it could be intentional sliding. As of now, more are showing up with plenty of upvotes. Either way, Buy/Hodl is the remedy. Edit2: The aggressive and unnecessary comments are only confirming sliding... as well as more personification and old ken memes showing up still. I rest my case. + +**STOP POSTING THE SAME MEMES** + +You are flooding the sub with the exact same "old man ken reaction" images. + +No effort. No creativity. No differences between yours and the previous 20 that are flooding the sub. + +I shouldn't wake up to **FIVE** of the same fucking images with crappy titles on "HOT" with tons of upvotes. I can let tweets from RC or DFV slide (self explanatory), but these no effort reposts for karma are getting out of hand (and not that funny tbh) + +&#x200B; + +Sorry I didn't want to be the bad guy, but this needed to be addressed. + +Back to your regularly scheduled Fuckery Friday in the casino. 💎🙌🚀 +At age 46 left a corporate gig ... I was Sr Director at a large CPG company in the midwest. Salary was 185 and 30% average bonus and some good stock option / grants. I was vesting grants of roughly $40K a year, with a stock price 30% below all time highs. I was in the Operations area ... plant management, supply chain, project management stuff. Just under 20 years at the company. + +I managed my own job reduction so that i received the package. The package was 40 weeks of pay and vacation. I also picked up unemployment for 20 weeks ...that was only worth $8K. + +The leave plan was executed perfectly ... it took about 9 months of planning and conversations with some decent timing as a backdrop. Big companies are always looking for cost reduction projects and i was able to add myself on to a larger project. Being somewhere for 20 years and knowing most everyone made this somewhat easy but i also was in a role that could eliminated without a major reorganization of responsibilities. + +I had about $1.2 MM liquid, $1.4 MM 401K / IRA, and $800K in deferred income ... payable over 10 years (roughly $80K a year). All in all $3.4MM. Wife has health insurance for the family and makes about $20K in a part time role. We both get pensions at age 65 ... about $60K per year, neither is COLA. 3 kids ... oldest kids were just getting into college. 80% of the total college anticipated costs were accounted for. With good returns i would not have to add to the 3rd kids college. Basically needed $300K and had $220K. As I type this, I'm still about $50k short but i have 3 years before i need the first installment for the 3rd child. + +I spend about $125K per year. + +Lessons learned in no particular order. + +Don't count on your friends having time during the work week. I thought i would be able to grab a few more beers mid week with one of my buddies during the work week. That never really worked ... guys who are working all week and have kids never have much time during the week. + +More exercise time ... yea, it's true but I worked out a lot before i left the job. Outside of never missing a workout ... i didn't workout more or get healthier because i didn't work. + +Less stress ... yea, it is less stressful but you find other ways to get stressed. However, this was a win, no question. + +Positive surprises - I have spent more time with the kids. That's all good. Also, feel like i enjoyed more days of the week. Enjoy my friends a little more. + +Back to work as an owner / operator in a $200K revenue small business. I was retired for about 16 months and then i bought a partnership in a small business. I own 49.9% Now i work about 80% in a company with big growth opportunities and i should make about $40K a year. A little stressful though as i'm dealing unwinding a few contractors from the business. Legal stuff and then watching the customers to see if they stay with us. Not sure how long i'll stay in the business. At least another year. I like it but not much $ considering the work right now. I can probably sell my share for another $10K or so. + +EDITS: We sacrificed big time during our 20s through our mid 30s. Drove older used cars (will never buy a new car, btw), didn't spend much $, saved as much as possible. We never took expensive vacations and did everything on deal. I spent so much time thinking about the day i could retire early. I read a lot and pushed hard to get there. Once we had the $ pretty much saved and i had a good income, we started spending more. We went from spending $60K to $100K a year in just a couple years ... kids are expensive too as they get into all kinds of sports and interests. + +Ask me anything ... glad to share my experiences. +I studied economics a good deal as an undergraduate, but have since moved on to a different field. Keynesian economic ideas about stimulus and deficit spending always seemed to make sense to me and were basically what all the professors believed in. + +As of late though I've begun to question my beliefs. If the government spends money to stimulate the economy, does it really work? If you pay Bob to dig a hole in Tim's yard, and Tim to fill it up, it doesn't seem like you've improved anything. No real extra value goes into the economy, the price of goods and services just get bid up. + +If the government spends money then it needs to add value somehow, but aren't most value adding activities already taken care of by businesses? If the government started making cell phones, for example, wouldn't that just crowd out private investment? + +I guess the government could do things like invest in basic science research, but isn't the whole reason businesses don't do more of that because it has unsure dividends? If we pour a gazillion dollars into basic science research and the scientists don't discover anything, aren't we in the "dig a hole and fill it" predicament again? + +What does everyone think? Is it possible to stimulate the economy? How does the mechanism work? What kind of empirical evidence do we have that it works? +Hey guys, + +Markets seem to be rising with great momentum, with both Nifty and Sensex reaching new heights by the day. + +Which got me to thinking, does it seem like a bubble with a looming recession? + +Just wanted your two cents +Hi guys, +I’m 28 and Wife is 26. +Combined income of $176,000 in 2018 and have both had pay increases this year. +We currently own one house with a mortgage of 341,000. +We have an offset with $20,000 in it but have planned a Europe trip for 5 weeks July - August. + + +My wife and I built in 2015 at a really good time that has seen some great growth in a short amount of time. +Currently we owe $340,000 on our mortgage with our current lender valuing our property at $545,000 12 months ago. +With the market not entirely booming to sell right now we are looking at purchasing a nicer house in a nicer suburb for what appears to be a steal ( for the suburb and house ) +The price we believe we will be able to purchase this new property is at $710,000. +After fee’s etc the total would be closer to +$752,751 + +While we would then rent our current residence out for $400 per week ( going rate in the area ) and change it to an investment interest only loan. + +We are lucky enough to have been gifted some money to use a 10% deposit ( more on this below ) that we will be paying back at settlement to our generous family member which means we wouldn’t be putting any of our savings towards this new property. + +As we are also going to just exceed 80% of LVR we’d have to take up LMI but again this same family member has opted to act as a security guarantor as although we don’t have the money here to use right now repayment wise we comfortably can service the loan on both of our incomes and would prefer to avoid roughly $20,000 in LMI. + +The repayments or servicing the loan I don’t believe will be an issue. +I also crunched our monthly expenses numbers and it doesn’t seem to be an issue if we budget and be a bit more frugal in some areas... this is where concerns for me start. +I am already quite money conscious and we live comfortably but this added stress would only make it worse on me. + +We had put in an offer subject to finance and some other conditions so backing out of the purchase is a non issue if need. + +After this our family member has decided to not go as guarantor or give the deposit as they are worried about the risk we are taking in it all and don’t feel like it’s a good decision ( I agree ) + +This is what the maths would look like for us. + + +So our current home becomes the investment loan. +I/O loan of $342,000 +Monthly - $1,103 +Fixed 2 year 4.11% + +Expected rent is $400 P/W + +New home +P/I loan of $752,751 +Monthly - $3,508 +3.8% ( broker said he’d get us ) + +Now we know that a rent of $400 p/w covers the repayments as well as property manager fee’s etc for that first 12 months at least from all calculations. + +I believe this puts us in a very high risk situation. +The loan on the new house is very high and I don’t know how the banks would even entertain the idea ( apparently no issue the broker said ) maybe that’s because of the equity in the current property? + +If the market falls slightly we are in negative equity on a massive asset. +My wife doesn’t think I’m trying to see a positive outside to this and simply throws it away saying “ we will just sell the investment and stay in the new one” +Which to me is going backwards and a poor decision. +We would hardly make a dent in that loan if the market falls. + +She says I am too closed minded and that if we think about the future and what could happen we could easily say “well I may die tomorrow etc” which again I don’t like that frame of thought. + +My concerns are met with comments like “you just have anxiety and need to stop stressing” + +She also says that in two years time she’d like to start a family but has no plans on stopping work. +I think that is a big decision to make prior to an event happening. +Even if she took maternity leave and went back part time in her role ( that’s an option ) I think the stress would eat me alive. +It would be doable but I don’t want to live that way. + +I want to go away on holidays and enjoy ourselves and maybe re asses once we are back. +Sit down with a financial advisor and sort out something we both feel comfortable with. + + +Sorry for the long post. +More of a vent then asking for advice I suppose. + +If more info is needed I’m easy to reply to everyone. +I've been meaning to post a milestone thread update since I last posted this a year ago: [https://www.reddit.com/r/fatFIRE/comments/gbk3nu/from\_welfare\_to\_1mm\_at\_31\_first\_fat\_milestone/](https://www.reddit.com/r/fatFIRE/comments/gbk3nu/from_welfare_to_1mm_at_31_first_fat_milestone/) + +My company went public. Between the IPO, the real estate market returns, and the stock market returns (K-shaped recovery is too real), my net-worth grew from $1M to $2.4M. I changed companies since post-IPO life was not as enjoyable and wanted to roll the dice again on early stage equity. + +But I just don't have the same motivation anymore. + +Running the same playbook for another \~4-5 years to (*tone deaf alert*) potentially make another $1-3 million just seems like such a slog. Especially in saas sales where every day is such a grind. + +A good friend of mine with 2x net worth has expressed the same challenge, but... his perspective is that the money is too good to just walk away ($150k salary, $100k-$500k in commissions per year). He is as equally demotivated. + +Does anyone else struggle with this loss of motivation, once they've surpassed their coast-fire goal/number? Is unique to tech where that former colleague joined Stripe in 2018 and is now worth $10M, or became an engineer at Coinbase in 2016 (eg everyone is so much richer than you)? + +Is it unique to high risk/high reward ratio leading to faster burnout? + +Is it the age? The asset base? The ability to coast? + +Discussion welcomed and encouraged. +Hello ! + +So a bit of background, I'm 27 and I work in the IT field, recently moved back to the Netherlands after an assignment in Germany. I have paid off my debt and any other obligations. Now I've been reading finance post for some time, but I'm kinda lost and what should be my next steps and goals in life in terms of finance. + +I'm aware of ETF's and other financial instruments, but have no idea which funds to choose from, which platform to use to purchase them, or how it impacts my taxes. Completely no clue where or how to start.... + +Also I believe this to be more psychological, but I have a hard time with the idea of parting with the savings I have. I would assume this is due that for a long period of my life I was financially insecure, but at the same time it's unwise to have my money sitting in a bank account accumulating 0.2% interest. + +From a finance point of view this is the situation: + +Net Salary: \~€3200 + +Rent: €500 + +Food: €200-300 + +Insurance: €90 + +Sports and leisure: €200. + +Emergency Fund: €5000 + +Savings: €14000 + +Company stock options: €2400. (5% contribution monthly from my net salary pay, stocks are bought at 15% discount) + +After all expenses I have \~ € 2000 to do as I please. What you would recommend me doing moving ahead with my finances? Any help or pointers would be greatly appreciated. Thank you! +My current employer has me contracted on $43 hourly rate, and provides a match on my retirement contributions ($46,400 balance , vested balance is 39,150). I've been offered a position with another company at $75 per hour, but I'd be responsible for setting up my own retirement plan, no employee match. I've only been in the US for a few years, so I know I need to catch up on my retirement fund (I'm 36). + +It'll be another year before I'm 100% vested, does it make sense for me to jump now? +In the week ending April 11, the advance figure for seasonally adjusted **initial claims** was 5,245,000. + +See the [full report](https://www.dol.gov/ui/data.pdf) here. +I got my offer accepted at 105k. Its a 4plex in a c-class area that will rent out for 750 each unit. Taxes are crazy low at 1500 a year. What do guys think +Good morning Apes of the world…. + +I want to review Blackrock and their role in the GME Short Selling saga… My theory… **is that Blackrock lent out all their shares and are unable to close. This has huge consequences for public markets as they are so interconnected.** + +Let's take a deeper look… + +https://preview.redd.it/ttiwir4if1491.png?width=374&format=png&auto=webp&s=3f4675aa8ac9adaf92742ba11f7f4e100a3bf22a + +Blackrock is always bragging about the $10 Trillion they manage. If you open up an account at a Financial Services firm, they will buy you a portfolio full of ETF’s and a large portion will be Blackrock. + +Blackrock Fund’s are everywhere… in Pensions, Endowments, Institutions and Retail. Blackrock ETF’s are “Ishares”.... + +The $10 Trillion that Blackrock manages is 100% client money. Seriously… every dollar Blackrock manages is someone else's… + +See Larry Fink (Blackrock CEO) letter to CEOs…. + +[Source: Larry Fink CEO Letter | BlackRock.](https://preview.redd.it/o9yivfjmf1491.png?width=632&format=png&auto=webp&s=c6336730859bb636d47f31e5096bb223491595b1) + +[https://www.blackrock.com/us/individual/larry-fink-ceo-letter#:\~:text=As%20an%20asset%20manager%2C%20BlackRock,long%2Dterm%20goals%20like%20retirement](https://www.blackrock.com/us/individual/larry-fink-ceo-letter#:~:text=As%20an%20asset%20manager%2C%20BlackRock,long%2Dterm%20goals%20like%20retirement) + +Larry clearly states “The money we manage is not our own”. + +So when Blackrock lends out shares… They are lending their clients shares. + +If a client is to buy a FUND that owns GME… Blackrock lend’s the GME from that client's FUND… and if the client is to sell… then Blackrock needs to replace that GME in the fund before they dissolve it. + +ETF’s are open ended Funds… they are destroyed when the Fund is sold… and created when the FUND is bought… But to close out the ETF… all shares must be in the FUND. + +https://preview.redd.it/4za0gp0tf1491.png?width=613&format=png&auto=webp&s=89b5a7a5d111a9763f5072353e84002dac653538 + +So if MOASS happens and GME shoots to $50 million… even a small FUND… a small Blackrock ETF could be worth millions… If the client goes to sell that FUND… Blackrock has to replace the GME that they lent. + +Think about a client with a random Blackrock fund that has GME… they wake up and they have $3million in their account… Because GME is trading so high… they will go to sell… and thats when Blackrock has to deliver the FUND that they sold… + +The problem for Blackrock… + +&#x200B; + +[Flow Chart](https://preview.redd.it/4tt38j2xf1491.png?width=615&format=png&auto=webp&s=8583f124a6d00d9431f56faf620fc4e6a9ee60ef) + +And believe it or not… there is very little research online about what happens when an institution can’t deliver on an ETF they sold… + +Blackrock can’t afford MOASS… seriously… they managed $10 Trillion but have around $10BN in cash… so when MOASS kicks off…. And GME reaches Ten’s of millions a share… at that point if their clients start to sell their ETF’s… blackrock will have to go out to the LIT exchange and buy those shares to close the FUND that the client is selling. (But Blackrock will have to use their own money as the client already paid in… Blackrock owes that ETF the GME they lent to SHF) + +But blackrock sits on less than $10BN in cash.. Blackrock can not afford MOASS… because there is no way they can buy 5 million GME during MOASS… with $10BN…. + +[https:\/\/finance.yahoo.com\/quote\/BLK\/balance-sheet?p=BLK](https://preview.redd.it/ere0kpz2g1491.png?width=516&format=png&auto=webp&s=1dfe59e681c79ad9cd87575fea9ac1c72ec0fbb3) + +**Some FUD i've encountered is that Blackrock can’t FTD on their own ETF… but I can assure you they can…** + +Blackrock has an entire web page that talks about their lending… + +Source: https://www.blackrock.com/institutions/en-zz/solutions/securities-lending + +Remember… Blackrock manages other people's money… so as a Fiduciary, they are lending out their clients shares to short sellers… **Blackrock notes that securities available for shorting in was $21.9 Trillion in 2019.** They also say the FED supports short sales… and it helps with market stability… + +And they actually speak about “borrower’s default” + +https://preview.redd.it/imd9i4e9g1491.png?width=657&format=png&auto=webp&s=aa69a099d377e9db617763808c6e4e3d7b6c6041 + +**Blackrock notes that securities available for shorting in was $21.9 Trillion in 2019.** They also say the FED supports short sales… and it helps with market stability… + +And they actually speak about “borrower’s default” + +https://preview.redd.it/54x4548dg1491.png?width=676&format=png&auto=webp&s=2bc971e4191e36e05948dedeef3a7c2e3b52ca40 + +&#x200B; + +https://preview.redd.it/ol80zqfgg1491.png?width=662&format=png&auto=webp&s=632211f8a12841d8b1c28f09b9d1242f1bdcea1f + +[https:\/\/www.blackrock.com\/institutions\/en-zz\/solutions\/securities-lending#common-question](https://preview.redd.it/vdtyix8jg1491.png?width=646&format=png&auto=webp&s=be1f2f159ff5263aca9f7b85c22ad7cabc051017) + +78% of all revenues come from securities lending… Does anyone doubt that Blackrock lent out their GME… + +[https:\/\/www.investopedia.com\/articles\/markets\/012616\/how-blackrock-makes-money.asp#:\~:text=BlackRock&#37;20Revenue&#37;20Breakdown&text=BlackRock&#37;20Revenue&#37;20Breakdown&#37;3A&#37;20Investment&#37;20Advisory,and&#37;20Other&#37;20Revenue&#37;2C&#37;201&#37;25.](https://preview.redd.it/icaks3tng1491.png?width=561&format=png&auto=webp&s=f2cf026a8d09c3799abcc1ed00b6fffcfeac6955) + +&#x200B; + +https://preview.redd.it/2syznvnrg1491.png?width=646&format=png&auto=webp&s=f8b2a2bf29dc7dbe20b8514c9bbd6be5d4f775af +August 10th is July 41st. It is also 90 days after RC’s supposed meeting with the SEC (see his [tweet from 5/12](https://twitter.com/ryancohen/status/1392649234944507906?s=21) + +GME also stated that the DTCC has 90 days to distribute their dividend or else they’ll take matters into their own hands. + +[This tweet from April ](https://twitter.com/ryancohen/status/1381829698263654401?s=21) suggested something big was gonna happen on a Tuesday. August 10th is a Tuesday. (The Culver City GameStop location is next door to a Tuesday Morning). + +We know GameStop was rumored to need the London fork for Ethereum to be completed before launching their NFT. That finished this past week. + +Now RC tweets [referencing this post](https://www.reddit.com/r/Superstonk/comments/ovdtis/gme_entering_next_week_like/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) about something big happening next week. + +Jacked + + +Edit: keep those titties jacked, but a reminder that I did mark this as a shit post as a lot of it is conjecture +Ok so, I bought into this with little knowledge other than they have no debt and mine bitcoin (which currently looks to be the currency of the future). + +Why? Because nothing makes sense in the market anyway, it's all propped up by hot air if you ask me. This GME thing has really shook my confidence in the "traditional stocks", so I see some far out shit like this and I'm in! + +Looking at competitors like RIOT any chance this will reach that sp? I've seen some outright bold claims for the bitcoin mining operations, but being Canadian I think BITF can benefit from low energy costs and slightly colder climate which is favourable for heat dumping. + +HUT8 is another contender who is also debt free from Alberta. Both BITF and HUT seem to mirror each others movements almost to a tee (I'm guessing because they invest similarly and use their coins similarily). Oh yeah blah blah there is also Cryptostar, the wee mining operation that is destined for "greatness" + +Opinions? +““The tendies are coming, the tendies are coming” – Paul Revere”” – HomeDepotHank69 + +Apes, I have excellent news. Today, I woke up (with only a half chub) and thought to myself “I’m gonna be super productive today and get a ton of work done.” Then, my ADHD medicine kicked in and I went down another GME rabbit hole. Here is the product of that (I will warn you, this is long): + +I have done a lot of digging and have found some extraordinary similarities from last year’s annual meeting of stockholders to this one and why it and the months leading up to it should be HUGE for GME. This is not a technical analysis, this is pure DD. I am not a financial advisor and this is not financial advice. + +Just a note: you can find all of these documents simply by searching “Gamestop Notice of 2020 Annual Meeting of Stockholders” on Google, I just picked out the important parts to make it easier. + +**History** + +I am first going to start with GME’s share price as of April 2020: + +https://preview.redd.it/8vdfrd67c0r61.png?width=1396&format=png&auto=webp&s=48c7b8413ba4ab2e925d7332c6e5967a13b990fc + +&#x200B; + +As you can see, on April 3rd, 2020, GME’s price bottomed to under $2. This was due to Covid absolutely crushing the company and shorters seeking to hit the “bankruptcy jackpot.” However, on April 3rd and the next few days, we see the price of GME almost triple all the way up to $6. Why was this? Some of you may remember Michael Burry announced his GME position in April 2020. Well, that’s not what caused this rise as Burry announced his stake on Friday the 10th, which caused a rise on Monday the 13th: + +&#x200B; + +https://preview.redd.it/2nex5908c0r61.png?width=1388&format=png&auto=webp&s=de67e9bdd2d979c91dc9bb43bc53b2a12da68ae9 + +So if it wasn’t Michael Burry’s announcement of his position, then what was it? Was it the announcement of the annual shareholder’s meeting? Nope, that was announced in late April as well: + +https://preview.redd.it/ng9w1hn8c0r61.png?width=1308&format=png&auto=webp&s=80752e0a42df99f79379699efda585b273c938b3 + +&#x200B; + +So, if it wasn’t either of those things, then what was it? The drastic rise in GME starting April 3rd, 2020 (which seems pathetic compared to today’s price action) was due to a group of activist investors, Hestia Capital, who owned 7.5% of GME at the time announcing that they would be nominating new members of the board at the shareholders meeting. When was this letter released? April 3rd, 2020: + +&#x200B; + +https://preview.redd.it/y9fc9ul9c0r61.png?width=1380&format=png&auto=webp&s=2203bb2a004f5510f8d37d0e0415f26a165233b2 + +Why is this significant? Well, for some reason it was pretty well known that GME’s short interest was over 100% at this time (still blows my mind that more people didn’t pounce on this at the time, myself included). Again, this was because Covid was destroying GME and shorts were looking to get the “bankruptcy jackpot.” I believe that this is when shorts were deploying massive amounts of naked shorts. Their reasoning was that if they pushed GME into bankruptcy, they wouldn’t have to repay the naked shorts because the company wouldn’t exist anymore (this is just a theory but it seems reasonable considering what’s happened today). Shorts took a calculated risk that they thought would pay off. Their reasoning was that at the best they hit the bankruptcy jackpot and at the worst they stock goes up a little and they take a slight loss due to the naked shorts (boy were they wrong on that one). Well, their plan almost worked. They got it down to under $3. Then, this statement came out. Why is that statement significant? Well, this letter explicitly stated that GME has high short interest and that in order to vote, shareholders need to recall their shares from anyone who has them on loan before the date of April 20, 2020: + +https://preview.redd.it/pc0t84fac0r61.png?width=1376&format=png&auto=webp&s=44b6abff32b7961952a48798d464c491f3c7a445 + +&#x200B; + +Look back at the GME chart that I posted at the top of this. BOOM. This company announces that and people start recalling their shares, forcing some shorts to cover. GME’s massive short interest at this time was already well known: + +https://preview.redd.it/p0046h2bc0r61.png?width=1326&format=png&auto=webp&s=ffee6642fffdc657bb343467eff365a777f9bb84 + +&#x200B; + +From that point on, GME's price never even got close to that $3 range again: + +https://preview.redd.it/b5gn9tubc0r61.png?width=1304&format=png&auto=webp&s=a73405eb69dce6967d5a7a95684f6fcd1e1fb484 + +&#x200B; + +I couldn’t include the rest of the chart because it makes these moves seem insignificant because of GME’s massive price today. This is where the shorts should’ve thrown in the towel and taken the loss, but they didn’t. They kept shorting GME and, as we all know, the short interest eventually hit 140% and the January events happened. And know we’re here, exactly 1 year later to the tee. The rest of this post will be going over the similarities of this period last year to today and my thoughts on what might happen. + +**Similarities** + +So, as stated above, GME’s price rose so rapidly on April 3rd because of that proxy statement urging shareholders to recall their shares. This, which was simply an urging, not a full recall, lead to an almost 3x increase in price in just a few days. Imagine if GME does a forced recall of the shares this time around: BOOM. + +The first similarity is the presence of activist investors trying to make a fundamental change to GME as a company. The 2020 activist investor that I mentioned above, Hestia Capital, was what Ryan Cohen currently is. From the proxy statement, we can see that Hestia was actively trying to replace people on the GME board of directors for their inaction and ineffectiveness: + +https://preview.redd.it/adj3y4edc0r61.png?width=1366&format=png&auto=webp&s=dcaae3d58dffe33c36eb3ff6b9c02c1544db95ce + +https://preview.redd.it/yzjcp6edc0r61.png?width=1324&format=png&auto=webp&s=3081f2c2f5034871461197e61f6b6e0e1855e1c0 + +https://preview.redd.it/desngdedc0r61.png?width=1348&format=png&auto=webp&s=d66cfdecd99b8f97de088f16ab4dcab54aad716b + +&#x200B; + +Also, note that the whole point of this proxy letter was Hestia announcing that they are nominating people to the board for the 2020 meeting and that shareholders need to vote. Does this feel any similar to Cohen getting on the board, ousting the C.F.O., and bringing on Chewey and Amazon execs? + +Throughout the letter, Hestia documents the reasons for their desire to change the board and documents a history of the events leading up to it. This is far too much information to screenshot, but I encourage you to read it for yourself: [https://news.gamestop.com/node/17596/html](https://news.gamestop.com/node/17596/html) (Search “reasons for the solicitation” and “background of the solicitation” within the document to find these points). + +To recap, we have the presence of an activist investor trying to shake up the board of GME, GME having a massive short interest, naked/abusive shorting activity, the annual shareholders meeting being in June (last year it was June 12th, this year it is June 11th), and an activist investor trying to change the fundamental direction of the company. All of this went down in April and was related to the shareholders meeting in June. + +Sounds pretty similar to today right? But what’s the difference? Ryan Cohen is a much stronger activist investor, seems to have more power in the company, has a clearer vision than Hestia, and is making changes more aggressively. Another difference is obviously GME’s price, media coverage, and volume. The short squeeze has made GME a hot media topic, the price is multiples higher than it was a year ago (almost 200x), and the volume (though lower recently) is still MUCH higher than it was one year ago (see any GME chart and compare the volume). But there’s one more difference that is crucial. There is an odd phenomenon in GME today. A strange primate whose scientific name is hominoidea, whose hands are strong as diamonds, and whose wives have endless boyfriends. Yes, I am talking about apes. The uncanny ability of apes to buy and hold throughout any storm has created a sort of wall of support on GME that makes it very hard for shorts to kill the price. Combine that with another strange creature, whose scientific name is Cetacea, who has deep pockets and a symbiotic relationship with hominoidea. This is our whale. This symbiotic relationship means that the shorts are toast (I’m not even joking here, apes have created a wall of support, we have power). Combine all of this with the abusive shorting, failure to deliver cycle, statutory leverage ratio relief not being extended, and new DTCC/SEC regulations on abusive shorting and you have a recipe for tendies. + +**The future** + +So, I broke down the past, showed you the similarities, and talked about the present. Now what? Well, here are my thoughts on how the potential GME shareholder’s meeting and the months leading up to it could affect the stock: + +First, I want to echo what everyone else says about dates and predictions - they are not set in stone, do not base your strategy off of them, and do not treat them as fact as it could lead to more doubt among newer apes. This is not a prediction, this is simply a date/time to keep in mind. I am not a financial advisor and this is not financial advice. I am Hank. Uncle Hank. + +I would like to turn your attention to the week of April 12th and the week of April 19th. This is a 2 week period. As many of you apes know, our golden ticket would be a share recall. A share recall would force shorts to return the borrowed shares of GME to the rightful owners. Obviously, this would literally force the shorts to cover and would lead to massive tendies. As I've said in my previous posts, GME needs volume in order to rise and catalysts are what create volume. As we have seen, GME is particularly sensitive to catalysts, especially those relating to its leadership and Ryan Cohen. This was most evident when GME shot back up from the dead in late February after they announced the ousting of their C.F.O. + +The SEC does not allow a company to recall its shares earlier than 60 days of the shareholder's annual general meeting. Many people hoped a share recall would be announced during earnings (Mar 23), but this would have been a violation of SEC rules, so that was off the table from the start. For context, here are the dates of the past four meetings: June 10, June 26, Jun 10, June 2. This year’s meeting is June 12th or 11th (not sure which but it’s one of those). + +Let's use June 11 as our assumption. 60 days prior to June 10th would put us at April 12. Moreover, the tenure of the current C.E.O. also lines up with that date. The current C.E.O. is on a vesting schedule (incentive to stay with a company until a certain date to receive some form of compensation). Per his vesting schedule, he will get 84k shares of GME on April 15th. GME could possibly be waiting until that date to announce Cohen as the C.E.O. (or at the very least to announce that the current C.E.O. is parting ways with the company). Remember when this happened to the C.F.O in February (the price returned from the dead), just imagine how much bigger the rise would be if this announcement was for the C.E.O. + +Now, turn your attention back to everything I said above about last year. Maybe GME will announce that they are planning on holding some kind of vote for board positions, or maybe someone with a significant stake in GME (oh Idk maybe Cohen whose stake is almost double what Hestia’s was) could submit a proxy statement similar to Hestia’s which encourages shareholders to recall their shares so they can vote. Or, maybe GME will announce a forced recall for the purposes of voting (GME already acknowledged in their SEC filing that they are aware that their stock still has very high short interest). Maybe this explains why the conference call was so bland: the C.E.O. knows that he’s on the outs and was instructed by the board to give a bare-bones call so they can announce the juicy stuff later when he’s out. OR, maybe there will be more announcements about more board members coming on similar to the recent announcement of the Chewey and Amazon execs. Either way, if any of these announcements require a vote and shares are forcibly recalled or if it is recommended that shareholders recall their shares, then maybe we will see something similar to last year. + +That date (April 15th) is also significant because the monthly options for April are expiring on April 16. Because of that, expect, at the very least, higher volume on that Friday and the Thursday preceding it. This might also explain why the earnings call felt so bare-bones. AT THE VERY LEAST, we will get some kind of good announcement during the shareholders meeting in June, but I would expect something sooner. At this point, I don't see a world where Cohen is not named a C-suite executive of GME. He owns 13% (obviously has a huge personal interest in its success), has recruited Chewey executives (and maybe the person from Amazon as well), and appears to be shaking up the board and other C-suite positions. I would be shocked if he just kinda sat outside the action as the puppet master. He has too much vested in this to not obtain direct power over the situation. It also appears that the company is going in the direction that he wants to take it (e-commerce shift), so it wouldn't make sense for him not to be a C-suite executive at some point. It's also significant that GME has made leadership announcements in each of the past few months (C.F.O. in February, Amazon + Chewey Execs in March), and that it would make sense for another announcement to come in April especially considering last year's activity in April regarding leadership and where Cohen is currently trying to take the company. + +As many of you know DFV's calls expire on that day. At this point, it should be obvious that he is exercising those because if he was gonna just take the profits and rollover the contract, he would've done so much earlier because theta has been eating those. This is again just conjecture, but maybe DFV is waiting until that date to exercise his calls in order to inflict more pain on market makers for failing to deliver shares. This is again just conjecture did research similar to this and came to the conclusion that April 16th would be a crucial day, so he is waiting til then to exercise to put more pressure on the failure to delivers. If you've kept up with his updates, he has plenty of cash on hand so he could easily exercise these. What he could also do is buy more calls (at a later date), which would put obvious upward pressure on the stock. One thing is for certain, he's not going to let those options expire worthless, especially considering the fact that he has millions in cash in his account. + +Finally, I also wanted to discuss why I believe that the leadership of GME (at least the new ones) and Cohen are on our side, which is why a share recall would benefit them. First, as we all know, Cohen loves to tweet cryptic stuff (it's actually pretty obvious that it's about GME). A few weeks ago he tweeted that video of the puppet that people deciphered to be about a commercial that said "I love your shorts." Recently he tweeted a vid of TED hitting a bong that people deciphered to mean either bears got smoked or bears took a big hit (this is when it shot up significantly in a day). So, as we all know Cohen is insanely interested in GME and its stock price - and why wouldn't he be, he has 13% ownership (there are also reports of him calling up disgruntled customers asking how he can make their service better). Now, this is why a share recall would benefit GME. There are two different sets of assumptions that we have to work with here: assumption 1 is that the leadership of GME (Cohen included) does not subscribe to the theory that GME is abusively shorted. If we go with this assumption and say that GME is only shorted 25% (boomer data), a share recall benefits them because it will alleviate some of the selling pressure that shorting creates, which will allow the stock to go up. Assumption 2 (the more likely assumption) is that the leadership subscribes to the theory that GME is being abusively shorted. The reason why I believe this is more likely is because of their SEC filing where they addressed that GME has high short interest and that continuing this could cause a short squeeze. This was like when Porsche announced that they had a huge stake in VW to "warn" the shorts to cover. If this theory is true, GME is aware that their company is being abusively shorted and is not reflective of the real price of the stock. Therefore, it would be significantly in their interest to recall shares, which would force naked shorts to cover and would DRASTICALLY decrease the downward pressure. Whichever theory they subscribe to, it benefits them immensely to do a recall, and I believe that assumption 2 is far more likely. + +Yeah I know that was long, rabbit holes will do that to ya. + +**TL;DR** + +One year ago to the tee, GME’s stock rose on the announcement that an activist investor was having a vote and they recommended shareholders to recall their shares. The short interest was over 100%. The activist investor sought to shakeup management and change the direction of GME. Fast forward to today (exactly 1 year later), and we have an activist investor changing up the company. If GME does a share recall ahead of this meeting or if Cohen releases a proxy statement encouraging shareholders to recall their shares, we could very well see a meteoric rise similar to last year at this time. GME has not provided much information on that meeting, so, similar to last year, updates could come in the month of April. We know that any announcement about leadership changes makes the stock rise. + +Not a financial advisor, not financial advice. Am primate. +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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[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). +Hi Everyone, + +I am currently a department/programs manager at a relatively large non\-profit organization. As part of my day\-to\-day, I perform a handful of HR related tasks \(recruiting/interviewing/hiring/training, performance assessment/corrective action/termination, employee relations etc.\), and I realize that this aspect is what I enjoy the most about my job. As such, I was looking to make a career switch into a more HR focused position. + +I found an HR Coordinator position for a smaller, private university in a large city. Most of the job responsibilities listed on the description are tasks I already oversee as a manager, or tasks that I am confident I can pick up on fairly quickly. This seems like a great opportunity to get my foot in the door, and also seems like a position that I would enjoy in general. + +The only concern is, in the job description is states "Send resume and cover letter, including salary expectations". I'm really not sure what the right move would be as I've never been asked to include my salary expectations in the opening email... Google \(glassdoor, indeed, etc.\) indicates that the "average" HR Coordinator salary in my city can be anywhere from \~41k to \~48k. + +I currently make \~50k at my current position. I am willing to take a paycut, but if possible I'd rather not go down too much. I also saw a review on Glassdoor from a former HR Coordinator of this company, reporting that this was a great work environment, but that the pay was on the lower side... + +I know I shouldn't be thinking too far into it, since I don't even have an interview. I'm OK taking a slight paycut to get my foot in the door, but I also don't want to be in a position where they won't even consider me for the position because I try to high ball them when other candidates with as much relevant experience as I will do the job for less. + +I really would appreciate any guidance on what to put in my email/cover letter regarding the "salary expectations" portion of the query. I was thinking something like \- "Given the combination of my experience and the general average of the HR Coordinator salary, my initial expectations would be in the range of \~45k \- $50k. I am flexible and happy to negotiate this range, upon considering the average HR Coordinator salary at your company as well as the specifics of included employee benefits." +Canadian energy has had a crazy ride this year. Oil prices have hit multi year highs and keep ripping. Some Canadian E&P have increased over 400% since March last year. + +For those interested in energy but risk adverse, XEG is a great way to dip your toe into the industry. It is weighed over the largest energy corps (SU - Suncor, CNQ - CNRL, CVE - Cenovus). Current price is $9.26 and with oil prices remaining steady, we can expect it to bounce when the next quarter reports are out. + +Medium risk would be owning individual energy stocks. One that has yet to feel the price rally is Suncor (SU). They can produce oil for less than $30/bbl so with oil prices now around $70/bbl, you can do the math on free cash flow generation. Some other great stocks include ARC Resources (lots of nat gas - I expect a good bump this year), MEG Energy (Thermal SAGD with exceedingly low operating costs), Tamarack Valley (recently bought up cash flow generating assets), and Kelt Exploration (recently sold assets and reduced debt to zero). Whitecap is the first carbon negative oil company in Canada, so if there are ESG minded investors (like myself), this is a good way to reward forward thinking O&G companies. + +High risk for energy are small cap producers. Companies such as Baytex (BTE), Gear (GXE), and Athabasca (ATH). These companies are small so changes in oil price can really influence them. BTE has hedges on oil that role off over the next year. + +I am a geologist that works in O&G and I have not seen the patch this optimistic since 2014. Lots of room to make money here as long as you keep you head cool :) DM is also open if anyone has any questions! Also not investment advice.. just the musings of a geologist +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." +I am a lawyer taking home approx 500k a year. Currently in NYC but can move to London without much of a pay cut. I have lived in London earlier and enjoyed the fact that clients were less anal to say the least. Weekends meant weekends. Anyway, beyond that I understand that my taxes will be higher in the UK but not by much considering I live in NYC. + +More to the fact, I am an expat without ties to either country. However, UK has a much quicker process to permanent residency compared to the US (It would be more than 5 years in the US). Also, the fact that if I or my spouse get sick, we would be able to get decent healthcare even if I have quit my job (im a primary earner). I’m not trying to be dark but If something were to happen, it would be very important to take time off/quit and be with each other than worry about visa issues and employer provided healthcare. + +So thats what Im thinking. I’m looking for your inputs. + +Edit: love reading everyone’s views. Please keep them coming especially your personal stories and reasoning. Thanks +I'm primarily thinking of people on this sub who invest for their retirement. + +Do you have a plan for where your money should go, if you die before you get to use it, e.g. if you get cancer and die at age 63? Presumably many will be happy to pass it on to the immediate family, but have you actually thought about this, and perhaps even made a concrete plan? + +(Sauce on age/death data: [http://employees.oneonta.edu/vomsaaw/w/psy345/handouts/demograf.pdf](http://employees.oneonta.edu/vomsaaw/w/psy345/handouts/demograf.pdf) ) + +Edit: thanks for pointing out potential flaws in the life expectancy projection. To add one of my own: people on this sub will probably live longer than the avg. American anyways, e.g. due to higher ed, access to health care, perhaps healthier lifestyles. The point remains: some of us will die way earlier than we hoped. Considering that so many here talk about 401k maxxing, etf-till-you-retire, etc., do you prep for this undesirable Plan B outcome? +What happened to all the splividend talk. Before BBBY it was purple circle posts and Splivided fuckery posts. What happened to all that. Has everyone received shares? Have people just said fck it. I can remember RC saying ask not what your company can do for you but what you can do for your company. Now all I see is BBBY, still some purple circles but not as much in regards to the DTCC fuckery or brokers still not getting the dividend correct. Now I understand they are slandering RC like crazy and it's the talk of the town. How convenient right all that DTCC and dividend talk in the news. NOW it's just them bashing rc for selling shares in a company he looked into and made a real good fckn decision. They are using it to say hey he sold his bbby shares he's bailing on retail. Insiders board member make sales all the time yet I don't ever hear of them. Yet this might be substantial I'm sure it's not the first time someone in that position made a really good trade. I just think it's crazy it went from DTCC and splividend fuckery trending to BBBY and RC selling everything in a true MEME STOCK. RC is not my hero he never will be that is my Father who is irreplaceable. RC is not the catalyst I'm looking for to spark my wildest dreams I AM. RC is someone I trust in to do the right things for the company I believe in that I'm invested in the one and only fckn SUPERSTONK that is GME + +Can't recall RC tweeting HOLD Or HODL for bbby. +I only started selling options 4 months ago and I've learned a lot. I see a lot of thetagang users say "AMD blew through my strike and now my shares are getting called away. Oh well, can't complain about max profit." + +My question is, **why allow your shares to get called away at all (unless it was early exercise, of course) if it's a stock you really like?** Example: If you sold a $100 CC on AMD and the underlying is at $105 on expiration, why not always roll out that $100 call another month for more premium, if it's a stock you really want to own anyway. I understand allowing shit stocks to get called away for max profit, but why allow a stock like AMD, AAPL, etc to exercise when there's more free $ on the table? You could even roll out to much longer date and higher strike if it's a stock you really believe in. Teach me. +If privacy in the crypto world is of any importance to you, it really doesn't get more "private" than Monero(XMR) .. In fact it is so private that the IRS desperately [published a $625,000 bounty](https://www.interactivecrypto.com/irs-625-000-bounty-for-breaking-monero-and-lightning) for breaking Monero so they can trace transactions. It has been 2 years since then and they still haven't been able to crack the king of privacy. The main point of crypto is to fix the problems of traditional currencies by putting the power and responsibility in the currency holders' hands, and I would say Monero definitely achieved that. +This coin launched right after the market crash and has been defying all odds and trends since then. Reaching $1.5 million market cap at its peak in less than 3 days and was #1 trending on coinhunt yesterday! They were even mentioned by them in a tweet a few hours ago! + +There's a very strong and international community behind this, keeping the chat lit 24/7! + +A huge marketing plan is being implemented that includes poocoin ads and YouTube videos. A couple of influencers have tweeted about the project as well. Moreover, there are several giveaways taking place in the chat at random times, in addition to the ones related to the milestones! + +With it's current standing of $450k marketcap, it's highly undervalued at the moment and a very good entry point for new investors! + +All needed relevant information such as the white paper ans tokenomics can be found either on the website or pinned in the telegram group. + +📱Telegram: https://t.me/AirBNBtoken + +🌎 Website: airbnbtoken.info + +Contract: +0x2403269d736C7a808C864bAD8c0848c2dE3E348c +I was hoping to receive some advice. + +***Current situation:*** + +* approaching 40 years of age +* stable job that can be done from anywhere +* £33K salary +* currently saving £1K a month +* renting cheaply in West England +* £65K in savings +* no pension pot (just opened one with NEST) +* no dependants/expensive habits +* no family support/future inheritance +* maxed-out Help to Buy ISA (+£3K if I buy a property) + +***Concerns:*** It feels silly to let my savings continue to lose value due to inflation. I've considered buying a property but my budget (£200K) doesn't seem to get anything decent in the urban areas that interest me. + +***Questions:*** + +* I appreciate it can be down to personal priorities/inclinations but, given my situation, what would you do to safeguard your future/invest in your present? +* I feel a lot of pressure to do something with my savings, mostly due to how I feel I haven't acted on it for so many years. Is this pressure justified, or is there a scenario where not acting and keep saving cash makes any sense? + +Thank you very much for any advice. + +–––––––––– + +**EDIT**: I didn’t expect such exceptionally helpful response, thanks everyone. I hesitated for such a long time to seek advice, and now I wish I had done it a long time ago. + +My main takeaways/learning points from the comments so far are: + +– Above all: **getting on the property ladder is the best investment available to me right now**. + +– After that: look at pension options other than the meagre NEST I’ve just enrolled in. + +– Premium bonds can help avoid inflation, but won’t build wealth. + +– Contrary to my belief, a LiSA can be opened concurrently to my existing Help to Buy ISA. If I save for 10 years, and I am happy not to touch £40K between 50 and 60 years old, I will get £10K for free. It sounds sub-optimal but still good enough to pull the trigger while I can. + +– There were several suggestions on other types of investments, which honestly went a bit over my head. +Unless we have some secrete millionaires, y’all gotta be pulling extra Wendy’s dumpster duty on the weekend. + + +How in the shit do you guys have enough money to buy $25,000 worth of GME, pay bills, etc? + + +You guys are some incredible motherfuckers, but I suspect some of you don’t have kidneys anymore lmfao. +I recently got a letter in the mail from the company my life insurance is through. It stated that I owe $2600 on loan that was taken out when I was 19. + +My Father back then was in a financial crisis, so he took out the loan to help him get by. The issue though is that he never paid it back, and now that it automatically transferred over to me, I'm responsible for paying it back. Whenever I called and talked to them about it, I told them that I'm not going to pay back a loan I didn't take out. Unfortunately, this will end up on my credit report that I am very strict about. I have no late payments, a good score, and I'll be damned if my score gets hurt. + +Is this truly legal? Is there anything I can do without paying and making the loan dead even and canceling my policy? + +Edit: Wow, this post blew up! I wish I could've replied in real time but I had to go to bed. Thank you everyone for the replies and insight. I can tell that I'm very uneducated when it comes to this, and that I need to do more research. To everyone that has replied and gave advice, I appreciate it. + +I also want to clarify that my Father and I have a very good relationship, and that I need to see this situation from a different perspective over the knowledge you all have given me. Thank you, Reddit! + +Edit-2: This policy was taken out on me when I was a newborn. This policy is a whole-life policy. Whenever I contacted the company that the life-insurance is through, it was confirmed with whoever I spoke to that I am the policy holder, and it transferred over to my name the day I turned 21. + +Final Update: Thank you to EVERYONE for your input. I have decided to cancel the policy. What's crazy is that I asked about term life insurance, and they offered me 100k at +$20/m vs. the policy I have now. What an eye opener to the world of Insurance. + +To everyone who thinks my Father is a bad man, I want to clear that up. He is a very good person who just made the wrong call in the end by miscommunication. He's done a lot for me, and I would never attempt any legal issues towards him. + +Again, thank you and I hope you all have a wonderful day! +In an [interview with Thomas Peterffy](https://imgur.com/a/CPBVx2S), the founder, chairman, and largest shareholder of Interactive brokers, Peterffy spoke in *explicit* detail on how close the market was to collapse in January. + +I almost didn't watch it because it looked like the interview he did on CNBC. But it's not...it's a different one. I honestly don't know when it was put out or what station it's with because there is no logo, but it holds all the answers we've been searching for this whole time. + +In the interview, Peterffy explains that in January the squeeze almost occurred because... + +**- There were 50 million shares registered at the same time.** + +**- There were 70 million shares short.** + +**- And there were 150 million shares short in call options.** + +# Yes, Peterffy told us where the naked shorts were hiding and said if longs exercised their options, shorts would have had to deliver 270 MILLION shares, while only 50 million shares exist in the market. + +He also mentioned in his interview that if we knew we had the right to ask for our shares, as in **REGISTER THEM**, we could have easily caused the squeeze. + +So, by those calculations...**In January the short interest was 550%.** Also, I don't believe the FTDs are included in those 270 million shares either. + +That’s it. That’s the whole puzzle...solved. I just hope everyone is buckled up. + +~~Please ignore: I don't have much more to say, but still DD length requirement of 2000 characters. I want to get this posted ASAP, so I'm just going to just keep typing this. I don't have much more to say, but still DD length requirement of 2000 characters. I want to get this posted ASAP, so I'm just going to just keep typing this. I don't have much more to say, but still DD length requirement of 2000 characters. I want to get this posted ASAP, so I'm just going to just keep typing this. I don't have much more to say, but still DD length requirement of 2000 characters. I want to get this posted ASAP, so I'm just going to just keep typing this.I don't have much more to say, but still DD length requirement of 2000 characters. I want to get this posted ASAP, so I'm just going to just keep typing this.I don't have much more to say, but still DD length requirement of 2000 characters. I want to get this posted ASAP, so I'm just going to just keep typing this.~~ + +TL;DR: The short interest for GameStop was 550%, based on the details Thomas Peterffy gave in an interview. +and this is why every time I get a paycheck I have a duty to "protect my investment" + +by Buying -> hodling -> DRSin -> becoming an infinite pool member. + +Remember, that as long as Ape is NOT FKIN leaving, there is NO WAY OUT for the Short Side. + +Keep going, the End is NEAR, PAIN is AHEAD. + +More than they expect. + +Not financial advise. +Was reading about the recent move by Kenny G to acquire a copy of the constitution when Metric's song, "Gold Guns Girls" came on the radio. The lyrics played in the background as I was skimming an article and I suddenly thought of Sun Tzu and his thoughts on knowing your enemy. + +Ken seems fitting to these lyrics, he can never have enough and (prob) can never get off. This move was fatal, by him, it showed how desperate he is to send a message... + +On the one hand we have a mayo slurpee drinking, Ken G, making appearances on MSM and professing that everything is hunky dory (despite contradictions in body language) to appease his WS investors and buddies. On the other we have RC and his poker faced cryptic memes and a classified war plan. He inspires confidence and rallies millions with one tweet... + +Well as Sun Tzu said, "If you know the enemy and know yourself, you need not fear the result of a hundred battles.” I truly believe RC and GME will win, it seems they know themselves and us as well as their enemies as to not make such a colossal error to show desperation. + +TLDR: Ken and co. have shown desperation again. Hedgies r fuk. Buy, DRS, trust in RC. Not financial advice. + +Edit: Some spelling errors, cause who likes those? +I was using Alpaca market data subscription for my own project but had to pause. For 9$ it was a bargain. Cheapest data on the market but the quality of it is good enough. Now coming back I noticed that now it costs 99$ per month (seriously?) Just like polygon subscription some time ago (now it's 200$ lol) +Does anyone know good alternatives for EU? Looking for stocks real time data with no limitation in tickers subscription. +**This is why we do what we do:** + +"WindSwap was one of my first crypto investments - given the success of other altcoins and the seemingly legit project, I invested money into the project. A few days ago the entire project was rugged - the website and all social media were deleted. I just had a kid earlier this year and I have been trying to identify legit projects to invest in in order to give her a better future than I had. While I only invested what I could afford to lose, it still hurts to see this blatant scam. I invested in NASA about a month ago, and so far have been extremely happy with the efforts of the team. I just found out about the Rug relief fund this week, and given my recent loss, I'd very much appreciate consideration for the relief fund.” + +Applications for NASA Token’s Rug Pull Relief Fund are increasing everyday, and as a result, so does the amount of successful applicants. At this current point in time, NASA has received 20 applications and have approved more than half of them. Not only does this emphase the high success rate of applicants but it also demonstrates how NASA is not afraid to give out free tokens providing investors meet the criteria. + +In addition to this, NASA has teamed up with Crypto Bull to bring you the first (of many) YouTube video reviews on the NASA Token. Crypto Bull, while not extremely popular, puts a lot of effort and thought into his reviews, which made partnering with him an easy decision. Make sure you check it out here https://www.youtube.com/watch?v=6jaK-mpErV4. + +The Rug Pull Relief Fund is only ONE of NASA’s number of use cases, the others include: + +* **NFT’s**. Over the past week NASA has secured a partnership with a juggernaut of the cryptospace, CumRocket. Keep an eye out for the official release of the NFT - this will be HUGE. +* **NASA Auditing Service**. NASA is on the cusp of releasing the report of their first audited token. The auditing service will also tie in with the NFT marketplace they are currently in the process of developing. +* **NASA’s “Top Secret” App**. An exclusive app for hodlers of the NASA Token, which will also give direct access to NASA’s many services it provides. + +NASA’s chart is looking incredibly healthy and bullish. Despite the market dips, despite the constant FUD and the naysayers calling NASA “just another shitcoin” the team has remained resilient and united. They have worked tirelessly around the clock, innovating and developing NASA to ensure its future success. + +The world is slowly starting to recognize what the team at NASA have known since the very beginning, which is that NASA is Not. Another. Shit. Altcoin. +**Become a Nastronaut today!** 👩‍🚀🚀 + +📄**Contract:** 0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653 + +🌐**Website:** [https://www.nasatoken.net](https://www.nasatoken.net/) + +🥞**Pancake Swap:** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x70cf8d40a3d0f7bc88077ba7d103050d0001a653](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x70cf8d40a3d0f7bc88077ba7d103050d0001a653) + +🏛️**BSCscan:** [https://bscscan.com/address/0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653](https://bscscan.com/address/0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653) + +🗯**Telegram:** [https://t.me/officialnasatoken](https://t.me/officialnasatoken) + +💬**Discord:** [https://discord.gg/4qhbm6MzpN](https://discord.gg/4qhbm6MzpN) + +📣**Twitter:** [https://mobile.twitter.com/NASAtoken](https://mobile.twitter.com/NASAtoken) + +📷**Instagram:** [https://www.instagram.com/nasatoken/](https://www.instagram.com/nasatoken/) +That's it. It's actually pretty simple: + +1) We know by the SEC filing: "**Each Company stockholder of record at the close of business on July 18, 2022** will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022." + +2) We can expect some price increase to the run-up of July 18, 2022, if the theories are valid it could go vertical few days before and in the time after July 21, 2022 + +3) Therefore the launch of the NFT marketplace is probably going to happen in the time span just before July 18, 2022 (July 14, 2022 anyone?) + +4) This delivers a perfect excuse for MSM and Wall Street why the price of GameStop jumps without mentioning naked shorts but focusing on the NFT marketplace + +5) win-win situation for GameStop and Ryan Cohen: everybody talks about THE NFT marketplace of GameStop, while the share price jumps and and retail investors get paid +Not sure if this is the right forum to post but just looking for some career advice. + +I am an accounting graduate and have received two offers: + +1) Big 4 - Forensic Accounting +2) ATO - Taxation + +In terms of interests, both offers are just as interesting to me. I am ideally looking at going down the accounting track for about 7-10 years, before being involved full-time in my family's business (in a completely different industry). After that, I'll mainly be using my accounting career as a backup so that if the business ever fails, I have a reliable accounting career I can always go back to. + +The salary of the ATO is higher and I'm pretty sure that the work life balance will be better too. But I feel like there are more learning opportunities, professional networks and career advancement with the Big 4(Deloitte,EY, PWC, KPMG) and the exit opportunities will be much better. (People also say forensic accounting is a really good opportunity, as most grads have to work in audit for 2 yrs before transitioning to here). You also get access to their top- notch training programs, and there are secondment opportunities to USA/UK/Korea which I'm extremely interested in- I want to see more of the world and what other countries have to offer, and I feel Big 4 has a more international presence. Furthermore I feel like you can develop good work ethics there which I think trains me to be more self disciplined and diligent later on when I'm managing a business. + +However, I do know they work you extremely hard, my friends have worked up to 60hrs in audit, many times giving their Saturdays away and functioning on very little sleep. There may be times when I need to help out the fam business over the weekend, I'm concerned I won't be able to when I go into Big 4. Furthermore, Big 4 don't give proper overtime pay unlike ATO which starts paying overtime from the 1st hour. + +Just wondering if anyone here has experience working at Big 4 or ATO and what your recommendation would be for me as a grad in this situation? Also how likely is getting overseas secondment opportunities in Big 4? (I heard ATO only offers secondment nationally, how likely is national secondment here?) +I haven't reached FATFIRE yet or even close to FIREING, but I'm starting to think that the magical feeling of "making" it never seems to happen. Looking back, I've gotten through some very challenging hurdles (i.e. got into a top school, job at big tech company, earning 6 figs out of undergrad, etc...) all on my own merits (neither of my parents graduated from high school and they make less than 30K per year), but it seems like each time you "level" up, you realize there is a HUGE pool of people who've also made it this far and of course, people that are above you. Before I got into my school or my job, I used to think that once I have move past it, I will be at the top of the universe. The opposite is more true. + +There's the illusion that you haven't accomplished that much, because you're just an ordinary i.e. 1/10000s Amazon engineer. When I reflect back, it's not the job offer that I remember, but the journey and the unique struggle to get to this point that makes me feel fulfilled. + +I feel like most people out there wouldn't be able to relate as to why you would want to push for more when you're already **set.** I'm not sure if this is a personality disorder, but I always want to accomplish what many people can't. Personally, I never cared too much about money or prestige, but it's more about shattering your beliefs of what you're capable of. It's helps that I started off at the bottom, because I have more milestones to crack. + +For those who have FatFire, do you feel like you've made it (w.e. that means)? +I've been tossing this idea around and can't quite figure out how it would work, if at all. I've been reading up, and most seem to say it can't be done but didn't really explain why. Is my below analysis correct? + +**Normally,** a person buys a house, then all they get to deduct are the interest payments. HOA fees, payment towards principle, property taxes, etc can't be deducted from taxes. + +&nbsp; + +**Or** if you buy the house as an LLC (it would be a disregarded entity / pass through), then rent it to yourself. The LLC would make all the payments (let's say $X / year), so the person pays $X to the LLC. The LLC would show $0 net income therefore pass through nothing, and since the person already paid taxes on their income they're using to pay the 'rent', it makes no difference right? + +&nbsp; + +**But** my situation is a bit different. I already own a business which is an LLC taxed as S-corp, and my money comes in through that. So if I used the company to buy a house, and make all the payments from the company, all the payments treated as expenses would reduce my taxable income from the beginning. Then I'd pay my company rent for the house. It's pretty convoluted and circular, so am I missing something, would this not work? + +One could also argue that even if it did work, having the company own the house (in this specific scenario) would not be worth the liability risk, because it's a huge asset that could be taken, and defeats the purpose of having an LLC in terms of protection. +Anyone hire a pm to manage their properties in good cities while they live overseas on the cashflows? + + +Currently living in Canada, I make 6 figures with my revenue from work and my 2 income properties. I've travelled my whole life (parents work with multiple offices) but have been stuck in Canada since having kids. I also have 2 young kids who would benefit from cheap education here. Is it better to tough it out till they graduate? + +I'm just feed up with this life of 7months of winter, high taxes and cost of living. +Sure it's better to be making what I make vs min wage but seems like life just takes it all back here. Also the life style of up at 6 back at 6 is getting old, and I would rather be up at 10am go out and live lifestyle. + +My cost of living here is about 3.5k while my take home is 4k. So I was thinking get some more properties till I'm profiting ex 2k a month in cashflow, then move to Nicaragua or Thailand and live on 1k a month while receiving 2k. Eventually maybe I start a business there if I get bored. + +I'm currently at 800 a month in cashflow. + +Is this a viable plan? +Say I enrol 100 shares with the company to be part of the DRIP. When I receive dividend I get 5 shares. The next time dividends are distributed will 105 shares be enrolled in the DRIP or would it only be the original 100 shares. I’m new to DRIP so just trying to learn, thanks! +To whom it may concern: (I’m aware most of you know how to properly diversify). + +I see some investors on here being invested in multiple tech equities, APPL, TSLA, AMZN, SONO etc. and talking about how well diversified their portfolio is. + +Just a quick reminder than having a diversified portfolio means that you have equities with ‘negative correlation’, and/or no correlation in addition to being diversified into different asset classes (equities, fixed-income, cash)(ex. stocks, bonds, mutual funds, ETF’s). + +Or into different market caps, levels of risk, growth/value, sector/industries as well as domestic and foreign investments. + +Any political, economical, or social catalysts that can affect the tech industry will most likely affect all your investors at the same time, in the same way, therefore just a quick reminder that having a portfolio consisting of only techs does not reduce the overall risk in your portfolio, and if anything, increases it, as such, you are not ‘Diversified’. + +This doesn’t just apply to techs, it applies to any portfolio that only has positively correlated assets within the same sector/industries. + +Edit: This post is about the concept of having a diversified portfolio, not rate of return or investment objectives, capital limitations etc. Pls keep comments and topics relative to diversification. +I decided to make a chart to see how much I made in my 401k over time. + +Normal scale: +https://i.imgur.com/pdtBeXm.png + +Log scale: +https://i.imgur.com/9KUxfGf.png + +The blue line is my cumulative 401k contributions. + +The red line is 401k contributions made by my employers, most entirely as company matches, but also with 2 safe harbor bonuses (the small spikes in the chart) paid entirely as a 401k bonus; this line is basically free money since the match is a benefit in addition to my salary. + +The green line is the blue line plus the red line. + +The purple line is my 401k account balance. + +The difference between the purple line and the green line is investment gains. There was a brief period in 2008/2009 where I lost money due to the ‘08 market crash, but it was followed by solid gains for the last 10 years due to the 10-year bull market that’s been happening. + +Compounding over time is magic! Keep at it everyone! + + +Edit: +someone asked for the source data. I put it (retirement.xlsx) here: +https://ufile.io/oe5cz (That site says it will only stay there for 30 days before they delete it). +If there's a better place for me to put it to share it, let me know. [I didn't want to share it publicly on my personal google drive.] Also (in addition to my 401k) in there is my brokerage account, showing my $1,000,000+ total investments, so you get bonus charts if you get this file. I've added links to my total investments here: + +Normal scale: https://i.imgur.com/7mHuQ2P.png + +Log scale: https://i.imgur.com/Cmq4Xql.png + + +For my total investments (401k, plus taxable brokerage, plus roth IRA, plus HSA): + +It took 139 days to go from $350,000 to $400,000. + +It took 150 days to go from $400,000 to $450,000. + +It took 79 days to go from $450,000 to $500,000. + +It took 171 days to go from $500,000 to $550,000. + +It took 166 days to go from $550,000 to $600,000. + +It took 406 days to go from $600,000 to $650,000. + +It took 48 days to go from $650,000 to $700,000. + +It took 132 days to go from $700,000 to $750,000. + +It took 80 days to go from $750,000 to $800,000. + +It took 113 days to go from $800,000 to $850,000. + +It would have taken 110 days to go from $850,000 to $900,000, but I was fancy and bought a new car in cash. + +It took 130 days to go from $850,000 to $900,000. + +It took 55 days to go from $900,000 to $950,000. + +It took 30 days to go from $950,000 to $1,000,000. + +It took 19 days to go from $1,000,000 to $1,050,000. +The wrinkles have called it long ago. + +It was foretold that GME would tank with the entire market at first and then rise from the ashes so highs so high you'd think it's a phone number, I'm preaching to the choir here as I know we are mostly all zen as fuck and know the price is wrong but just in case you had some doubts or fears this is your sign to relax. + +Also want to point out that Popcorn stock is now lower than January 2021 highs even after reaching almost 350% higher than that, that would be the equivalent of Gamestop going to $1722 then dropping back down all the way to $483, and then going even lower than that to $371 had they both stayed on the same path but we know a certain Citadel took interest in popcorn and inflated their price only to pull the rug on them. + +&#x200B; + +Buy, Hold, DRS, and the optional options if you know what you're doing. +Hello world 👋 +I will be veeeery busy with personal stuff today and tomorrow (today is a holiday in Germany and I took tomorrow off) so I won't be able to Update you every 5 minutes...I hope you understand 😊 +I will continue with my 5 minute schedule on monday though! +Let's see what happens today: + +Current price "115 minutes in: 144.88 US-$" + +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 $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting:                  146.64 US-$ + +15 minutes in: 146.64 US-$ + +45 minutes in: 146.64 US-$ + +115 minutes in: 144.88 US-$ + +NO UPDATE EVERY 5 MINUTES TODAY AND TOMORROW, PLEASE READ MY INTRODUCTION ☝️ + + +**💰Decentralized Community investment Protocol 💰** + +Huge release tomorrow 9PM CET live on twitch. Official dApp reveal + 250BNB unlock for the first investments + +&#x200B; + +DCIP is the BEP20 network’s first-of-a-kind token launched with an emphasis on fully decentralized investing. + +Why waste your time and money on a token claiming to be the new DOGE, ELON or INU, when you can invest your time and money on DCIP – its what your portfolio needs. + +&#x200B; + +&#x200B; + +📱 TG Chat [https://t.me/DCIPfinance](https://t.me/DCIPfinance) + +&#x200B; + +📖 Whitepaper [https://dcip.finance/DCIP-Litepaper.pdf](https://dcip.finance/DCIP-Litepaper.pdf) + +&#x200B; + +📺 Explainer video [https://www.youtube.com/watch?v=Me-GymG1JWs](https://www.youtube.com/watch?v=Me-GymG1JWs) + +&#x200B; + +🔎 Audit [https://dcip.finance/Audit\_CTDSEC.pdf](https://dcip.finance/Audit_CTDSEC.pdf) + +&#x200B; + +🌎Website [https://dcip.finance](https://dcip.finance/) + +&#x200B; + +💰Buy on pancake [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x308fc5cdd559be5cb62b08a26a4699bbef4a888f](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x308fc5cdd559be5cb62b08a26a4699bbef4a888f) + +&#x200B; + +📈Chart [https://charts.bogged.finance/?token=0x308FC5CdD559Be5cB62B08A26a4699bBef4a888f](https://charts.bogged.finance/?token=0x308FC5CdD559Be5cB62B08A26a4699bBef4a888f) + +&#x200B; + +🔐LP LOCK ($230K 10 YEARS) [https://app.unicrypt.network/amm/pancake-v2/pair/0x4799b0d36b421df620daFeBdE3ba19C2C2c2fC5c](https://app.unicrypt.network/amm/pancake-v2/pair/0x4799b0d36b421df620daFeBdE3ba19C2C2c2fC5c) + +&#x200B; + +🦎Coingecko [https://www.coingecko.com/en/coins/decentralized-community-investment-protocol](https://www.coingecko.com/en/coins/decentralized-community-investment-protocol) + +&#x200B; + +💻dApp [https://app.dcip.finance](https://app.dcip.finance/) + +DCIP token holders benefit from passive income through the token’s real-world uses, unlike alternative token options – DCIP most certainly is not a meme token. + +&#x200B; + +The first ever Investment as a Service (IaaS) to be launched on the BEP20 network. + +Embedded in the tokens smart contract is community-led investment decisions run by token holders through voting built-in to the DCIP platform. + +Not only is DCIP the very first IaaS to be released featuring fully decentralized voting on investments, DCIP’s smart contract emphasizes the real world uses for the token as its investment horizons are not restricted to the BEP20 network. + +&#x200B; + +With blockchain products constantly evolving, DCIP also constantly evolves in terms of opportunities, which are not restricted to a particular chain. The only restriction of the token is the redistribution of investment profits directly to token holders on the BEP20 network. + +&#x200B; + +DCIP is motivated by an aspiration to redesign traditional investing means and displace hedge funds, investment bankers and alike from profiting in the process. + +&#x200B; + +With DCIP’s horizons, investing power shall be returned to the people! + +&#x200B; + +In short, the main features worth highlighting is the following: + +&#x200B; + +1️⃣ First IaaS offering fully decentralized investment fund on the BEP20 BSC Network. + +&#x200B; + +🤵 Community voting for decentralized investment decisions. + +&#x200B; + +📈 Investment rewards in the forms of BNB or BUSD, acting as a passive income for token holders. + +&#x200B; + +🐳 Punishment taxes for sales within 24 hours of holding, as well as anti-whale measures to deter negative influence. + +&#x200B; + +Can’t stand all the useless pump and dump schemes on the BSC network? Look no further! + +&#x200B; + +DCIP is the first-ever fully decentralized investment fund on the BSC chain. + +&#x200B; + +We are a hardworking dedicated team and we’re here to make DCIP the biggest company on the BSC network. We’re looking for real investors and not the when lambo kind of people! + +&#x200B; + +The DCIP team is doxxed and our contract is fully audited + +&#x200B; + +Our plan with DCIP is to fully disrupt the investment world as we know it today. + +&#x200B; + +The investment possibilities are limited to the creativity of our token holders, the community will fully decide the day-to-day business. All business conducted by DCIP will be fully in hands of YOU! (As token holder) + +&#x200B; + +The amount of tokens you hold determines your voting power and reward distribution. The more tokens you hold the bigger your power! + +&#x200B; + +Want us to invest in whiskey? Why not. Real estate? You got it. Startup companies? Anything’s possible. + +&#x200B; + +250 BNB is locked and loaded for our first investments, the rest of our investments will be funded by our taxation model. + +&#x200B; + +💰Tokenomics: + +&#x200B; + +ℹ️ 10% Standard Tax + +&#x200B; + +📍 3% Liquidity + +&#x200B; + +📍 1% Marketing Wallet + +&#x200B; + +📍 2% Community Investment Wallet + +&#x200B; + +📍 2% Burned + +📍 2% Redistributed to holders who hold longer than 24 hours + +ℹ️ 7% Punishment Tax + +&#x200B; + +&#x200B; + +Swaps within 24 hours: + +&#x200B; + +📍 4% Community investment wallet + +&#x200B; + +📍 1% Burned + +&#x200B; + +📍2% Redistributed to holders who hold longer than 24 hours +Hey all, so I’m 23M my fiancé is 26F. Household income about $200k, so bringing home about $130kish after taxes. Below is a rough estimate (without any serious tracking) of what we spend a month. I’m just curious if you guys think we’re saving up enough for our age group. Realistically I know we could cut back expenses (especially food) but we enjoy it and pay all of our bills, but my question is SHOULD we? We have no kids and don’t plan on it for 5 years or so, we also have a cash cushion for 5-8 months just incase. + + +Monthly income (post tax): 10800 +Mortgage/insurance: 2100 +Student loans: 1800 +Utilities/phones: 1000 +Food: 1200 +Retirements (Roth IRA): 700 +Wedding Fund: 500 +Gas/parking(for work): 425 +Coffee: 160 +Etc: 800 +Total monthly spending: 8685 +Monthly savings: 2115 + +Tl;dr: We COULD save more, but SHOULD we? We enjoy eating out and buying little gifts or dog toys. + +Edit: some more details, also fiancé is primary breadwinner. Company matches her 401k at 5%. She contributes 5%. I am self employed so I just contribute $100/month and will lump sum more at the end of the year if I can afford to. + +Edit: You all convinced me to save more on food. Going to have a serious talk with fiancé about cooking meals more (I do the cooking I’m not asking her to). But I thought the doordash thing wasn’t that bad since it saved me an hour a day to relax. I figured our hourly pay is higher than what we spend. But that’s not really a good excuse with compounding interest helping what we’d save. +As pointed out I could be savings $10000+ a year by cooking my own meals. That’s a FIVE percent of our income. +Thank you all! +Has anyone been paying attention to the amount of Forex pyramid schemes that have been circling around lately ? I live in Canada and so many people I used to know are trying to recruit people into their scam. +I know this question has been asked before, but with different scenarios (age, size of house, and NW) that make my situation unique. I also had some specific follow-ups I would love advice on. + +A little about me - this is a throwaway account for the reasons later in the post. I am in my late twenties with one kid, a growing family, and a liquid NW around $30mln from various companies I sold. My wife and I make about $1mln a year from her job and my part time consulting business, in addition to returns and dividends from diversified investments. I do not flaunt or own many extravagant things and am usually a light spender, but I always wanted a stunning mansion. I am considering options in the $5mln-$10mln range and about 7500 sq ft (expensive city but I love it). + + +The houses I look at generally will not have the dead space that is common in mansions - with visitors, two home offices for my wife and I, a home gym, a man cave, a growing family, and larger rooms as opposed to many rooms, I don't think I will feel the loneliness or emptiness oft associated with mansions. Most of my questions are around the effects of the cost of the home rather than the size. Questions to others who have considered this - + + +**How do you go about deciding how much is financially 'right' for your home?** + +Compared to most, I am using only a small part of my assets on my primary home, but it still feels like a lot. It is hard to assess this because to some extent it is a concentrated asset, and to some it is a cost with property tax and upkeep. Does anyone have a good mental model or process to understand how much you should spend here? What would be the maximum? + +**How did it change your life?** + +Did purchasing a large home or other high ticket item change your life or the way people treat you in any way? This applies to family, friends, or others and is maybe the question I am most concerned about. + +Were there any other effects, direct or indirect, that a large or expensive home had on you? + +**Anonymity** + +Somewhat related to the previous question, as of now, my financial situation is unknown outside of very close friends and family. For the most part, this is intentional and I prefer it that way, but how do you weigh enjoying your life and the finer things against how others might treat you? Did you find it harder to hide this fact and was that good, neutral, or bad? + + +I am very grateful for being this lucky financially, but one of the hard things about being in this situation is I don't have many people I can speak openly with this on, so any other input, feedback, or related experiences is much appreciated! +My whole life I’ve been a saver. Tried to invest every extra dollar I had and live below my means so I can get to FatFire as soon as possible. I calculated that $6M should be more than enough to FatFire comfortably + +Then I married my wife and over the years my father in law has begun sharing more and more about his assets (wife’s an only child so all his assets will be hers one day) + +Between his house, his rental properties, and a commercial property, the total value of these properties are ~$12M - $15M (no mortgages on them). Not to mention whatever savings/investments he has in addition to that + +So my number is $6M. And it looks like one day $12M+ worth of real estate will be my wife’s. + +This is so hard for me to compute because I’ve been so engrained in my spending/saving strategy. But do I need to even bother saving anymore? Or can I just chill out stop stressing and know that we’ll be more than taken care of when those assets eventually pass down? + +(Obviously yes we need to STAY married but not worried about that part) +I’m not discounting anything he has to say, also, I am very interested in what he has written up. I’m long on GME and think the moon is coming. But thought I’d share something to be weary of +*Tick tock. Tick tock.* + +Yesterday, we reviewed [volume data on GME for every day since mid-January](https://www.reddit.com/r/Superstonk/comments/n3ehw0/the_march_to_zero_liquidity_volume_or_bust/) in part one (of an undetermined number of posts). In that post, **the data showed a trend of declining volume since the first squeeze and made a case for the increasing risk of slippage and volatility**. + +Given the short hedge funds have made volume drier than the steak my wife's boyfriend's made tonight, it's becoming important to look for other indicators of the trend in this story. Volume is so low that even a day featuring more **volume is still net down when looking at a multi-day trailing average** (as demonstrated in Sunday's post). + +So, let's get to sleuthing. **There will be no TL;DR as this is largely just a picture book, my apes.** + +Here are three important things to note: + +* **The first hour of trading is typically features** the biggest moves in the shortest amount of time and **the largest amount of volume during the day.** In fact, most professional traders only trade a couple hours a day (the first and last). This is because it provides enough liquidity through volume for them to get in and out of their positions with ease. This is why those mid-day big candles are so perplexing. Here are examples of several liquid stocks with 1 hour candles. + +&#x200B; + +[Small sample size but you can look at virtually any stock and their first hour of trading will be feature the most volume. Except GME today.](https://preview.redd.it/gc93o9sf60x61.png?width=714&format=png&auto=webp&s=245d991c1b8eee5d841aba6e3add993cd1f8df6d) + +* **Short volume increased in proportion to yesterday**, which makes sense given the return of the sustained short attack that we haven't seen in a while. Haven't gotten some of that sweet, sweet dip buy in a while. Felt good. + +&#x200B; + +[Net increase in volume boosted by an increase in recorded short volume.](https://preview.redd.it/9oegb4tw50x61.png?width=616&format=png&auto=webp&s=bc810c3dbebc6dd39ea53ea037a370d25dc12d98) + +* **This morning's flaccid first hour was the most limp we've seen in 2021**. The lowest volume first hour of trading of each month is featured below (Edit: column language format). + +&#x200B; + +[Yeah, I checked every first hour TradingView volume candle in 2021 cause I got time like that.](https://preview.redd.it/oztkmu9ru3x61.png?width=297&format=png&auto=webp&s=ce19b96a85f990c328b8a784b6f0c4ff2101395e) + +**So, what's this mean?** + +**Volume continues to march toward theoretical zero liquidity** in a downward trend as we move closer to the apex of a massive ascending triangle. How do we know this? Well, a key indicator can be found in the limp first hour of trading on May 3. + +The beat goes on. Just slower. + +*Tick...tock.* +Always known as a great and reliable dividend stock. But it seems Pepsi took a great approach by diversifying their business with snacks and drinks. I’m curious what you guys think of KO’s future and whether it will continue to be a solid, reliable dividend stock. +**TL;DR:** Issuing a dividend will hurt short sellers to the extent that they’ve sold naked shorts. A one-becomes-two stock split will hurt short sellers to the extent that they’ve artificially lowered the price. The idiots shorting GME have sold a lot of naked shorts and artificially lowered the price a lot too, so it will hurt a lot^(2). + +**Please note:** I have made substantial edits to correct errors on my part. Thank you to the commenters who have corrected me ❤ + +A few hours ago I posted [a thread explaining that GME can now issue a dividend if they want to](https://www.reddit.com/r/Superstonk/comments/mqh3ep/gamestop_can_now_pay_dividends_they_do_not_need/?utm_source=share&utm_medium=web2x&context=3). In the comments multiple people asked what impact this would have on the short sellers. I decided to write another post explaining this. I have linked to two pages on investopedia that explain the same points I am explaining here, all I have done is apply these points to the unique situation we are in with GameStop. Investopedia explains that dividends and share splits don't usually hurt short sellers but the reasons they aren't usually painful for short sellers don't apply in the case of GME. + +In short, a dividend only fucks short sellers if they have sold naked shorts. A stock split only fucks short sellers if they have artificially lowered the price of the share they’ve sold short. Usually, dividends and share splits are fine for short sellers. In our case, there are a huge number of naked shorts and the price has been artificially lowered by a lot. So, in this case a dividend and/or share split will absolutely fuck over anyone short. If you’d like a longer explanation, please read further. + +**Dividend** + +[If someone has sold a shorted share, they have to pay the dividend to the person they borrowed the shorted share from.](https://www.investopedia.com/ask/answers/042215/if-investor-short-dividendpaying-stock-record-date-are-they-entitled-dividend.asp) However, if you have borrowed less shares than you have sold short, well now you’re paying the dividends for those naked shorts too. Which is fine, because no one would sell shares they haven’t borrowed... but let’s say somefuck-wit had got themselves into such a situation, how would that play out? + +So, if Citadel has done something absolutely retarded like borrow 50 million shares *but sell 500 million*, well now it’s got a problem! GameStop is paying 50 million dividends *but 500 million dividends need to be paid and Citadel has to pay the 450 million extra dividends!* So, for every dollar GameStop spends on a dividend they force the shorters to spend and dollar for every naked share they have sold. ([link](https://www.reddit.com/r/Superstonk/comments/mqn97y/an_explanation_of_why_a_dividend_andor_share/guhj1d6?utm_medium=android_app&utm_source=share&context=3) to a further explanation in the comments that may be helpful) + +**If this happens alongside lenders recalling their shares:** + +Unfortunately, for Citadel, it gets worse. The people who lent Citadel the 50 million shares may also want to recall their shares if a vote is happening. So, they will recall the shares they let Citadel borrow. Now Citadel has to return the 50 million shares it borrowed. So, there are 500 million shares owed dividends, Citadel has to pay for 450 million of these dividends, and has to return the 50 million shares it borrowed.* + +This is already a big enough mess to launch our rocket, but it actually gets *even worse again*. It’s not just the 50 million shares loaned to Citadel that are being recalled. Throughout this process people have loaned shares to Citadel *that were already borrowed shares previously sold by Citadel!* These people didn’t know they were loaning shares that had already been borrowed, they just thought they were normal shares. So, they recall their shares to vote too. Oh dear, now Citadel is on the hook for all of these dividends *and even more shares*. All at the same time, just because Cohen issued a dividend and shareholders want to vote. + +*(Edit: I made an error here and altered the post accordingly. To clarify, Citadel cannot end up paying more than 450 million dividends in this scenario, [link](https://www.reddit.com/r/Superstonk/comments/mqn97y/an_explanation_of_why_a_dividend_andor_share/guh8num?utm_medium=android_app&utm_source=share&context=3). I think this also means the recall pressure from a dividend is not how I have described it. In this scenario we would want something like an important shareholders meeting to apply this pressure instead. Thank you u/pmmeyourrig for the help!) + + +**Share Split** + +[If someone has sold a shorted share and there is a 2 for 1 stock split (1 share becomes 2), they now have to return twice as many shares.](https://www.investopedia.com/ask/answers/what-stock-split-why-do-stocks-split/) Usually, this is fine because the shares halve in value when they are split and each share becomes two shares. There would only be a problem if the shares didn’t drop in price when they doubled in quantity. Which is fine, because no one would short shares that people won’t sell… but let’s say the same fuck-wit from earlier had shorted shares that no one will sell, what happens? + +Ok, back to our example - yeah, it’s getting even worse for Citadel. Because, if they have sold 500 million shares short and there is a two for one split, *they now owe 1000 million shares.* Before the split, there were 50 million real shares and 500 million shorted shares. This means that to close their short position they need to buy 450 million shares back - *they need to keep buying shares until only the correct number of them exist*. The problem is that the correct number of shares has doubled *but so has the number of shorted shares*. So, after the two for one split there are supposed to be 100 million shares (double the 50 million) but there are 1000 million. The number of shares Citadel needs to buy to close their position has gone from 450 million to 900 million. + +Remember that this isn’t supposed to be a problem. Sure, the number of shares Citadel owes has doubled but the price has halved! Except, the price only halves if people are willing to sell their shares for half the market price. Usually, this is the case because they have twice as many shares, so they’ll sell each share for half as much. Unfortunately, people aren't likely to sell their shares to Citadel for half the market price, because the market price is wrong. So, because Citadel has artificially lowered the price, the stock split has doubled the number of shares Citadel owes but not reduced the price it can buy each share for. If the share holders are unwilling to sell to Citadel, their debt has just doubled. + +**Implications:** So, a dividend fucks a short seller if they have sold naked shorts. A share split fucks a short seller if no one will sell them their shares at half the pre-split market price. Unfortunately, for anyone short selling GME, there are a massive amount of naked shorts and no one is selling for the market price (let alone half of it). + +Notice that these tools aren’t going to kill short sellers in normal circumstances. They only hurt short sellers that are naked shorting shares for an artificially low price. Actually, it’s worse than that. ***A dividend and a stock split will hurt short sellers*** ***to the degree they have sold naked and at an artificially low price.*** Well, it fucking sucks to be short GME then! The amount of pain caused by a dividend and stock split is proportional to the amount of illegal fuckery they've been doing. They’ve sold a fuck ton naked and lowered the price way below the price people are likely to sell for: so, f***or these reasons, a dividend and share split will absolutely obliterate the short sellers.*** + +If I were Cohen and I wanted to launch the rocket, I would declare a dividend and a one-becomes-two stock split. **Note, see [this](https://www.reddit.com/r/Superstonk/comments/mqn97y/an_explanation_of_why_a_dividend_andor_share/guhehkk?utm_medium=android_app&utm_source=share&context=3) comment for an explanation of why it is unlikely a dividend and/or share split will be used as a squeeze catalyst alongside the record date for the shareholders meeting. Thank you for the apes in the comments who have helped me edit this post and fix my errors. Sorry to those who read my post before the corrections and were mislead.** + +&#x200B; + +(Everything I have said here is based on the two links I have provided. While I did other background reading to develop my understanding, the two sources linked explain everything necessary if you want to read further. This is not financial advice and I am not qualified to give financial advice. If I have made an error please point it out in the comments and I will correct it.) +This is not the way. Buy, hold, profit. I recall a post a while back stating a call to do something urgently is likely FUD. + +Best case, SEC does something and pushes some rules or actually holds the Sunshine meeting. + +Worst case, they suspend the last 10 trading days in the middle of the squeeze. Do a huge investigation that takes months, buying time for all the crooks involved and likely placing the blame back on Retail. + +BUY. HOLD. SHUT THE HELL UP! + +EDIT: u/oldlurkerNEWaccount pointing to Rensole's 4/12 update. Says the same thing! https://www.reddit.com/r/GME/comments/mpaceq/synopsis_for_04122021_what_we_need_to_know_before/ + +EDIT 2: Dr. T stated the most effective way is to go to NASAA.ORG and file a complaint with your state’s securities commission. What do you guys think the SEC will do if called to action? They will not initiate the squeeze, they have the power to revert the trades in a 10 day window. Save the grass wood (grassroots?) movement for after the squeeze when the market is in shambles and more people want real change. Too many non apes are comfortable with the status quo. Let the hedge funds fuck it up. + +EDIT 3 Last edit: I am not a US ape and I have already drafted a letter to my ambassador of US relations. The SEC can also choose to liquidate all falsified stock and reimburse the holder for "fair price" I can guarantee you it will not be fair. They will likely not REVERT the last 10 days of trading or LIQUIDATE counterfeit stock as the outrage at home and internationally would be horrifying. But they can, they have shown whom they really protect and I don't want to prompt them into action. Let them pick up the pieces. I want my tendies, I want to stay invested in this company long term, I LIKE THE STOCK. +It says this is for all households, and will be knocked off energy bills/credited to your account between Oct-22 to Mar-23. what if you’ve fixed your tariff, you get it anyway? +I fixed my tariff in Jul-21 for 2 years, but i get the £400 anyway? +If you still don't think we're in a bear market, I'm not sure what to say to you. You can't associate constant dumps and weak pumps Bitcoin has been going through for the last 4 months as a bull market. + +Benjamin Cowen is one of the few people I follow and I enjoy his content. It's sad to him say his theory of lengthening cycles is dead, because it made the most sense. As an asset gets bigger, it obviously takes more money to move it up hence more time. Also, every Bitcoin cycle has seemed like it was progressively getting longer if you measure it from cycle bottoms. + +https://preview.redd.it/ym1kycwyl8y81.png?width=595&format=png&auto=webp&s=77e259cb883425ccc915974eb75452c90cf84073 + +&#x200B; + +https://preview.redd.it/mc0c80fwm8y81.png?width=589&format=png&auto=webp&s=0560ebfc99b268861e9bc617644a307749ff8417 + +What he says makes sense, even if we were to somehow pump up from here it wouldn't erase all this downwards movement we had to go through. It would be hard to classify the past 2 years as part of the bull market. If the high inflation numbers and the situation with the FED wasn't a thing, I think his theory would have been correct. What do you think? +Looking through the news over the last year, it appears there's more developer mind-share involved in Ethereum then all other blockchains combined, with more mainstream players as well. It seems an investors dream considering, eventually, the market will realize this. +**UPDATE** this entire deal fell through. You get what you pay for! The inspection went horribly. Electrical was outdated, plumbing wasn’t working, there was a massive sewage leak, the tenants side was disgusting, their plumbing was non existent and they weren’t using their shower (it was being used for storage!) all in all, we decided not to move forward with the duplex. We have since purchased a SFH for $62k that we will live in for a year and hopefully become REI next year. + +About a year ago, I discovered househacking from a Facebook ad. Within that week, I became obsessed with this subreddit, biggerpockets, youtube, etc. I told my husband and he thought I was crazy. I told him we had to eventually move to somewhere with more affordable housing. + +Well, he slowly got on board and we moved in March! I told him he needed to gett a job as an electrician or plumber so he would know how to fix stuff in our future rentals, and he is now a plumbing apprentice! I found a realtor, and we've been looking for our first property for months. We couldn't get an investment loan, so the plan was to purchase an affordable house, fix it up a bit, live in it for a year, then find our next house and rent one out. Well 10 days ago a duplex went on the market. It has 1 side vacant so we jumped on it. We put in a full offer at $47,900 and it was accepted! + +I can't believe how low the price is! The single family homes we've been looking at are around $45,000 so I'd expect a duplex to at least be double that price. I thought there may be some sort of catch, but when we went to look at it I loved it! I'm just hoping now that the inspection goes through and there aren't any major problems. It doesn't feel real yet, but I'm so excited to start this journey. I know it's gonna be hard, but I can handle it. + +Duplex 1bd 1br per side + +Cost $47,900 + +First time homeowners conventional loan with 3% down with the local credit union. + +Rent: $550 per side +**UPDATE** this entire deal fell through. You get what you pay for! The inspection went horribly. Electrical was outdated, plumbing wasn’t working, there was a massive sewage leak, the tenants side was disgusting, their plumbing was non existent and they weren’t using their shower (it was being used for storage!) all in all, we decided not to move forward with the duplex. We have since purchased a SFH for $62k that we will live in for a year and hopefully become REI next year. + +About a year ago, I discovered househacking from a Facebook ad. Within that week, I became obsessed with this subreddit, biggerpockets, youtube, etc. I told my husband and he thought I was crazy. I told him we had to eventually move to somewhere with more affordable housing. + +Well, he slowly got on board and we moved in March! I told him he needed to gett a job as an electrician or plumber so he would know how to fix stuff in our future rentals, and he is now a plumbing apprentice! I found a realtor, and we've been looking for our first property for months. We couldn't get an investment loan, so the plan was to purchase an affordable house, fix it up a bit, live in it for a year, then find our next house and rent one out. Well 10 days ago a duplex went on the market. It has 1 side vacant so we jumped on it. We put in a full offer at $47,900 and it was accepted! + +I can't believe how low the price is! The single family homes we've been looking at are around $45,000 so I'd expect a duplex to at least be double that price. I thought there may be some sort of catch, but when we went to look at it I loved it! I'm just hoping now that the inspection goes through and there aren't any major problems. It doesn't feel real yet, but I'm so excited to start this journey. I know it's gonna be hard, but I can handle it. + +Duplex 1bd 1br per side + +Cost $47,900 + +First time homeowners conventional loan with 3% down with the local credit union. + +Rent: $550 per side +[Full details on the IRS.gov website.](https://www.irs.gov/newsroom/401k-contribution-limit-increases-to-19500-for-2020-catch-up-limit-rises-to-6500) + +For anyone with a SIMPLE IRA, 2020 limits are $13,500. If you're over 50, the limit is $16,500. + +ROTH contributions remain at $6,000 and can be contributed to today for the 2020 tax year. + +&#x200B; + +Also, a good time to note the HSA ([Health Savings Account](https://www.irs.gov/publications/p969)) and ESA ([Educational Savings Account, also known as Coverdell](https://www.irs.gov/taxtopics/tc310)) are both great tools that each person should consider using if they are eligible. Both can be self-directed with select Custodians and you can invest your money with tax-deferred growth via real estate investing or other means. + + +Happy New Year to all! +Hey all, I've been browsing and occasionally contributing to the sub for a couple years now. I am a 38M e-commerce entrepreneur based in TX who is fortunate enough to have both excessive money and free time. It would be nice to make local friends in the same situation for the occasional meet up. I absolutely do not seek to network or pitch anything to anyone, nor do I want to be on the receiving end of that. Just to expand my social circle. Interests include golf, gym, nice cars and trading. If there are lots of us, it could become a group chat. Eventually all should verify for each other, I invite feedback on the best way to do that. + +EDIT: Basic level verification, you tell me if it's solid :) [https://imgur.com/a/o7QmGCM](https://imgur.com/a/o7QmGCM) +My nurse really needs me to come in early tomorrow and negotiated with the DON for me to get double critical pay. I’m making 62 dollars an hour tomorrow, which will add almost 1,000 dollars extra to my paycheck. An extra 1,000 can do so much for me, I think I’m going to put it aside for future rent. +**The Psychology of Selling, Scalping, the Fear of Missing Out, and Why You Shouldn't Get Too Attached to Prices** + +There have been a lot of posts about selling on here — People asking when they should sell, others telling users when *not* to sell...so, I thought it might be helpful for the new traders to hear some real-life examples of what it's like when a retail trader starts to make *real* money in the stock market. I also think it might be beneficial for the more experienced traders to learn other strategies and hear different thought processes. + +**Why You Should Trust People Will Hold Until the Ceiling** + +Take it from me, guys, as someone who has profited over $50k+ dozens of times on a single stock, only to hold and watch my profits dwindle down as the price fell back to my average...I assure you, selling too early is not something we need to worry about. + +Selling is the hardest part of trading. When you start seeing gains snowball, $1k, $2k, $4k, $8k..., it's going to be difficult to decide to sell. You're *always* going to hope your gains keep doubling, because greed is stronger than fear and regret. + +Here's an example: + +Last December, I was holding a stock that made a pretty decent profit in a short amount of time. I decided to make the "smart choice" for once and sell off half of my shares, worth about $20k. The next day I wasn't really paying attention to the market because I was getting ready for an event. Around 8:45pm I realized the market closed and I hadn't checked my portfolio all day. When I logged into my account, I saw the that stock I sold off the day before was up another 120%. I dropped my phone and facepalmed, hard. It was no exaggeration or overreaction. It ruined my night. Losing potential profit for some reason can feel worse than losing *real* capital. It's a strange phenomenon + +Don't get me wrong, playing it safe and profit-taking is not a bad thing. I just want people to realize it can be extremely frustrating when you miss out on huge gains. + +Alternatively, a year prior, the opposite situation occurred on a much larger scale. I was up about $150k+ on a single stock in less than a month and was expecting great PR to come out. It eventually did, but the month-long run turned out to be a sell the news, pump &amp;amp;amp;amp; dump. Almost immediately after the press release came out, it dropped about 55%. My phone died on the way to work and by the time I got to my computer, I had lost about $76k (profit) in the span of about 2 hours. Sold immediately and just laughed at myself. It sucked, but I still made money. It not as difficult of a situation as you might think. + +It's much easier to manage your emotions in the second scenario — on the way down. Selling too early, like in the first scenario, is a lot more stressful. If you sell everything too early during the squeeze, you're going to go through absolute hell. This is ESPECIALLY true if your broker won't let you use funds until trades clear after 2-3 days. + +If it happens, selling at $5k and watching the price climb to $20k, $40k, $80k, etc. will probably be one of the most anxiety-filled experiences of your trading career. You're going to debate whether or not you should buy back in, but you may be too afraid it's reached the ceiling already, and therefore won't want to risk losing the profit you successfully secured. Or you may decide to risk it anyway and end up losing money. Or you'll risk it and the price will rise another hundred trillion dollars. No one knows what's going to happen. I certainly don't want to find out the hard way, therefore you guys will catch me, safely selling on the way down. + +**During a Short Squeeze is the Worst Possible Time to Scalp** + +I'm sure you've seen posts on here warning you not to scalp because it will affect the MOASS. While that's true, I strongly suggest you do not try to scalp because I'm willing to bet all my shares most of you would fail at it. That's not to imply that I don't think we have skilled traders here, this is just not a situation where scalping is a successful strategy. Yes, some may get lucky and time the market right, but I can't even explain to you how stressful it is to scalp a stock that you're expecting to skyrocket. + +In hindsight, it's so obvious to look at a chart and know exactly what you should have done and when. But in the heat of the moment, you won't be able to handle your emotions. It happens to everyone, even the most skilled traders. Although the most skilled traders are smart enough not to think they can time the market in a situation like this. + +What's going to happen is you're going to sell, the price will start going up again (believe me, it ALWAYS does), and you will panic buy back at 10-15% more than what you sold for because you'll be terrified it's going to run away from you. THEN the price will start going down again (believe me, it ALWAYS does). Congratulations, you probably just lost yourself a few thousand dollars and gave yourself a crippling anxiety attack. + +Please trust me, scalping is a **terrible** strategy under this circumstance. Utilize the strategy on lower volume stocks you can day-trade. Or, my best advice, on stocks you're extremely bullish on for the long-term. When you see a dip, buy. If you get caught bag holding for a few days, no big deal...you know it's going up anyway. Rinse and repeat. That was my main strategy when I was teaching myself how to day-trade. I swear I have never had a single loser using that strategy. + +**Fear of Missing Out is Real** + +I'm not going to go too far into detail about the psychology of bag-holding, because I don't think many of the people reading this, who are holding GME before the squeeze, will be left bag-holding. + +GME will probably leave a lot of people holding some heavy bags, but it won't be any of us. It's extremely hard to resist chasing a stock. FOMO is so much stronger than you may think it is. I've been trading for 10 years, I know better than not to chase stocks, but I still occasionally fall into the trap. + +Once the squeeze begins we're going to see a lot of new buyers hopping on the bandwagon. Even people who told us we were wrong and that the squeeze won't happen. Unfortunately, a lot of those people will probably buy closer to the top and choose to hold a bag when they should actually cut their losses. But oh well. + +I see this happen time and time again. It's the reason why I don't give people specific stock tips. The only person I give tips to is my sister, only when I'm absolutely 100% bullish on something. It's always the same god damn process though. She ignores my tip, then sees my profits grow from 100% to 200%, to 400%, to 800%..., and THEN she buys. Every. fucking. time she buys at the absolute top and loses tons of money. And to reinforce an earlier example, she also refuses to accept my advice to sell, because she tries to hold out for a reversal that will never come. + +I suggest that when the MOASS begins, stop encouraging people to buy GME. Of course, the rest of us want high demand, but man, it's so awkward when your friends lose money on your stock tip. Even if it's their own stubborn fault. + +**Do Not Fall in Love with a Stock or Price Target You Missed** + +This is actually the main reason why I decided to write this all down. A friend of mine, new to trading, started explaining why he wanted to hold onto his Bitcoin, even though he 100% believed the price was in decline. This thought process is textbook noob trader. + +Although he thought the price of bitcoin would continue to fall, he couldn't let go. "If only I sold when it was $64k," he kept telling me. But *I* know that would have never actually happened because he was hoping it would keep going up. Everyone struggles with this. People will fall in love with a price and hold much longer than they should. Prices will come and go, and they just keep telling themselves "If it reaches $X again, then I'll sell" and then the price goes even lower. They'll keep lowering the bar farther and farther while promising themselves to sell when it reaches higher targets. The biggest problem with this plan is that the price may not hit its target again anytime soon. A lot of times the price can fall back to their average before they realize their fatal mistake — they should have sold way sooner. + +I'm not too worried about the price falling back to anyone's average with GME, because we'll all be on the moon. I just thought it was important to mention. It happens ALL THE TIME to traders. Still happens to me, like in my intro example. Although I've gotten much better at making a plan and following it. The more you trade, the better you will get at selling; It just takes experience. + +Here's the advice I gave my friend, which is a much more rational strategy: If you think a stock has hit its peak and your plans are long-term, selling for the short-term is the best strategy. If you sell, you will not lose any money because you're locking in profits. If the price goes down, that's great; You'll be able to buy even more shares. If it goes up, so what? If you were wrong and the price jumps 10%, you can always just buy it back if you're bullish long-term. You'll still have the same amount of money, you just won't be able to buy as many shares with it. Your other alternative is to watch your profits bleed as the price drops, and potentially risk losing all of your gains. + +Anyway, that's about all I can think of that would apply to the short squeeze. My final advice is to be patient. Let it play out, don't even think of scalping, and don't hold too long after you believe it has reached the ceiling. I'm not even going to warn you not to sell too early because I don't think anyone will. But, when you do decide to sell, consider selling off multiple lots. It's a lot easier, for example, to sell only half at first. That way, if the price goes up, great, you're still making money. If it goes down, good thing you already sold half. + +You guys are thinking way too hard about this. Stop worrying and get pumped. + +It's important to always keep pushing yourself to learn new information and to stay motivated. You're not always going to have a short squeeze in the pipeline. There will be days when you will lose a lot of money, boring stretches where everything seems to trade sideways, and periods when your entire portfolio is at a loss and you're unable to trade anything. + +"[I'm here to tell you, that #1 — Most of you say you want to be successful, but you don't want it bad; you just kind of want it](https://youtu.be/SuuPUKom2Nk)." + +**TL;DR:** Multiple trading scenarios and emotions you'll probably experience during the MOASS, written to help new traders prepare themselves and to share strategies and alternative thought processes with other experienced traders. + +Edit: Just re-emphasizing how important it is to hold and not scalp. That was the biggest mistake I made during the situation in my title. I never did out the math, but I'm positive I would have made more money if I just left it alone. It's so much harder than it seems. One of the days the stock went up 60%, but I sold off half at 20%, thinking that would be the high that day. Ha, I can't explain how devastating it was to watch the price shoot up another 25% a couple minutes after I sold. My head almost exploded. So yeah, 10/10, not worth it at all. +Many studies have shown that the best performing portfolios turn out to be held by dead investors. If my wife decides to look at my bitcoin holdings today, I’ll be joining the ranks of those best investors. +Before 2007, my father was in his 50s. He had a decent job working as an electrical engineer, though he usually has to work out of state and he's sometimes unemployed back then with periods of unemployment last a few years. Unfortunately, he's not financially intelligent so he didn't prepare saving up for his retirement and he spends like he has no budget. After the Great Recession hit, he's unable to find a job. It frustrated me seeing my father stay home every day while my mother had to work overtime at her medical billing company every day to support her family. + +Being around them filled me with anxiety that I had trouble landing my first job for 6 years. Fortunately, I found one and I've been putting as much money as I could in my 401k and Roth IRA. I may not reach FI, but I'll try for CoastFire. + +I wish I started working 6 years earlier. I would've needed to work another 3 years to have enough money to retire by 67, +Hello all! I'm from a Midwestern city where I only have nonstop flights to major hubs. I have a 2nd home in another country which is great, however flight times make it impossible to do a quick getaway. I am thinking of training for a triathlon, and my weather here is also not very conducive to this in the winter. My family also enjoys fishing, boating. I am looking for a 2 bedroom condo with some amenities(like a decent pool) that's reasonable distance to the ocean and has decent weather in the US wintertime. I don't have a specific budget in mind, as it depends on the property and location. I'm open to a house as well, but wanting to minimize time spend dealing with it. + +Florida is a possibility of course, but now with Ian that adds another level of complexity. I have never been, but see Galveston or the bay as a decent location relative to the Houston Airport. Any other ideas? + +I hope this is acceptable here, as it's one of the few subs I could think of that people would have advice in this area. +I've read a lot about Roth conversions but I'm trying to get some advice specific to my situation. So, I'm 43 years old, married w/1 kid, and we are in the 24% tax bracket. I've got $700k in my company's 401K. About $450k of that is Roth, and the other $250k is in Traditional, mainly because that was the only option I had from 1999-2005. Starting in 2006, all contributions I made were to Roth. + +Anyway, about that $250k, traditional portion of the 401K. Should I consider converting that, maybe not the whole thing, but maybe in portions over the next 5-6 years or so? That way I would convert about $40k per year and stay within the 24% tax bracket, yet still be able to handle the $9k tax payment each year. + +Other major factors to consider are that we have $300k on our mortgage, at 4%, which is our only debt obligation. Well, that and the fact we are trying to save $5k/year for college tuition through our kid's 529 plan. + +I know $12k per year is a lot to pay for financial engineering, especially when it could go towards a college fund. But, I defer to the knowledge of Reddit. Thanks all. +&#x200B; + +https://preview.redd.it/pj2s5v72pak91.png?width=1169&format=png&auto=webp&s=5ef0730a96075cb8f9c5aba5f8463a5c8c0570c4 + +[View Poll](https://www.reddit.com/poll/wz95zv) +Hi everybody, I just wanted to give a shout out to the Consumer Financial Protection Bureau complaint process. I opened a bank account with PNC bank and they never mailed me my online access code. + +The customer service reps were treating me like I was using fraud and they wouldn’t help me, they would only say that an “investigator” would call me. I was really upset because I transferred $2000 to open the account. + +I submitted a CFPB complaint on Friday and just received a call from their “executive relationships” team about the CFPB complain today. They explained everything and are overnighting me the signature card I need to sign to get access to my account. If you have any problems with your bank I would highly suggest to file a complaint here: https://www.consumerfinance.gov/complaint/ + +I really felt like I was being bullied by the bank and that there was going to be no resolution and my $2000 was going to be stuck indefinitely. +[https://www.cnbc.com/2022/09/13/inflation-rose-0point1percent-in-august-even-with-sharp-drop-in-gas-prices.html](https://www.cnbc.com/2022/09/13/inflation-rose-0point1percent-in-august-even-with-sharp-drop-in-gas-prices.html) + +&#x200B; + + + +Inflation rose more than expected in August even as gas prices helped give consumers a little bit of a break, the Bureau of Labor Statistics reported Tuesday. + +The consumer price index, which tracks a broad swath of goods and services, increased 0.1% for the month and 8.3% over the past year. Excluding volatile food and energy costs, CPI rose 0.6% from July and 6.3% from the same month in 2021. + +Economists had been expecting headline inflation to fall 0.1% and core to increase 0.3%, according to Dow Jones estimates. The respective year-over-year estimates were 8% and 6%. +Finding an off the plan apartment where the developer are encouraging buyers to put their deposit on a 6 month AfterPay arrangement feels like an example of unethical lending. + +Not to mention they are spruiking two different types of government housing stimulus, it makes me feel like the housing bubble is definitely in a pretty precarious bubble fuelled by relaxed lending. + +https://www.allhomes.com.au/39-braybrooke-street-bruce-act-2617?tid=179201129 + +EDIT: *a 5% off the plan apartment deposit, damn titles. +the squeeze is inevitable and while we are quibbling about the floor I figured this was probably the most important information FOR ALL APES TO KNOW. During the squeeze, I would be shocked if all the bid prices magically vanish. Why is that relevant? if the price is climbing rapidly and starts hitting 1k, 10k, 100k, 1m, 10m, etc and you apes start getting really excited, you're thinking hmM MaYbE I ShOuLd SeLl now, and then press the big red sell button on your app, what happens. simply: the order gets filled at the highest bid, well if the hedgies are being liquidated on market orders but the retail buy order of 255$ is still sitting there even though the displayed price is $69696969 guess what. you just sold at 255$. !!!! bUt tHe pRiCe was 69429420! but you decided to use a market order. A limit order is a type of order that Guarantees the price is filled at that level or better, so if your limit order is 10mil you will not get filled for a single share below that (but you may get higher sell prices :)) this is also literally what the "ask price" is, limit orders sitting there waiting. Now some of you might be scared, now this is mostly fine because of gap filling, if someone does this it will trigger 1 hell of a halt but the continual market orders from the hedgie liquidation will continue filling back at the millions, this will simply increase the number of halts we experience. but most importantly you just sold at 255 NOT 10m so be careful out there apes. The sell limit order is like a triple-layered condom, protect yourself during the squeeze. + + +Edit: for people talking about Take Profit and Stop Loss orders, they are actually hidden market orders with stop prices. basically once the price is reached they become market orders which could leave with the same problem described above. + + +For anyone with a broker that currently doesn't offer sell limit orders, I believe it to be a very good idea in your own interest to look into other brokers that do offer sell limit orders and consider transferring or opening another account and buying there. don't want to see people miss the squeeze cause of a shitty broker. + + +TL: DR USE A GODDAMN SELL LIMIT ORDER OR YOU WILL RESET THE SQUEEZE AND MISS OUT ON TENDIES + + +NOT FINANCIAL ADVICE, I Just like the stock and the people in the community <3 +Mods, you're doing a fantastic job trying to contain the retardation on this sub. Great job on new rules and enforcing them too. + +**However** \- big fuckup with the logo/icon. I bet it's something to do with copyright, perhaps the person that made the previous one for you said you can't use it anymore. Perhaps you want to monetise the /r/wsb brand and you can't do it with that nice old logo. I noticed /u/jartek has changed his [twitter](https://twitter.com/wallstreetbets) logo to this piece of shit new one. I can't believe he did it because he genuinely believes it's better. + +It's not even close to the previous one. It's awful. It's not in the spirit of /r/wallstreetbets. Previous logo was about being proud of chasing yachts and mountains of coke. This one is some poor men-in-black bitmoji knockoff. + +I guess you're banking on people just leaving the topic, but why not just come clean to the sub and explain why you had to change it? +In the end of Gregory Zuckerman’s book about Simons and Ren Tech, he writes about how financial markets might have become increasingly stable, not neccesarily less volatile, but overall safer, thanks to machines and algorithms ”elbowing out” human emotions. + +I found this interesting. What’s your take on it? +# DISCLAIMER + +*This is no financial advise! I am not an experienced monkey. I just do like the colors and the crayon stick figures. Maybe I'm gonna grab me some and munch on them. I don't want you to set your expectations because of that post.* ***Even consider this to be wrong!*** + +&#x200B; + +[nomnomnomn](https://preview.redd.it/pg4k36rbk6u61.png?width=225&format=png&auto=webp&s=db6c1ee240b2896634c484a0e0658178c2a454a8) + +***Please feel free to correct me and to leave some feedback!*** + +*You're allowed to keep spelling mistakes for youself.* + +*This is only a thesis. I don't have hard proof for the practice. I just interpreted the charts and tried to input my knowledge about crypto. Also, I'm a bit lazy. If you like to look up some more, I would like to be part of your findings.* + +*I don't know if someone already mentioned it or at least looked it up. If someone can dig even deeper into that, we might be a step closer to generate clear evidence for shady HF tactics.* + +&#x200B; + +**EDIT** + +This ~~is~~ was being downvoted like crazy. It might be a rabbithole. (TINFOIL) This might be the reason why crypto and BTC is forbidden at r/wallstreetbets, should they have been invaded. i tried to post it there, it has already been deleted even though I replaced BTC/Crypto. (/TINFOIL) The Tinfoil might have been [debunked](https://www.reddit.com/r/Superstonk/comments/mu2l9y/hedge_funds_might_be_using_crypto_btc_as_a/gv3t098/?utm_source=reddit&utm_medium=web2x&context=3) (although the provided link doesn't work). The Correlation can be traced down to about a year ago in my interpretation. + +&#x200B; + +# FOREWORD + +I would've liked to change the title, as I don't mean Bitcoin alone. It can be any cryptocurrency, from BTC, to Dash, XMR, ZEC, DOGE, any other coin that might fit into THEIR system. + +**Some comments state I would not understand blockchain technology. I am in crypto currencies since 2012. It is true, that any bitcoin transaction can be identified. The ones using and sending those transactions cannot be directly identified through the blockchain though! Thats the purpose of bitcoin (and blockchain alltogether): creating trust between anonymus parties via distributed ledger and consensus. There have to be laws at the endpoints of crypto, to avoid money laundering. Up until today, there are nations where even fait money is not regulated to a anti money laundering (AML) degree (panama papers for example)... Furthermore, they can easily use or develop own mixing services (read down below at 3.1). I repeat:** + +**If there was no need to draft anti money laundering laws regarding the use of cryptocurrencies, why should worldwide nations from europoor countries to the USA, China, India even think about it?** + +Keep in mind, that it's not just somebody that might be laundering. If bigger institutions are in control of the market, whom should they be obliged to identify themselves to? + +# Crypto might just be one of many layers being used for a systemic laundering. + +Offshore accounts, OTC markets, dark pools, gambling sites, mixing services, nations with poor legislation regarding moneylaundering (panama, malta, etc. pp.) are all just parts of a bigger puzzle. Anything that interrupts the trace before is a catalyst for a systematic laundering. + +Citing "Evaluating cryptocurrency laundering as a complex socio-technical system: A systematic literature review" by [Dennis B. Desmond, ](https://www.emerald.com/insight/search?q=Dennis%20B.%20Desmond)[ David Lacey, ](https://www.emerald.com/insight/search?q=David%20Lacey)[ Paul Salmon](https://www.emerald.com/insight/search?q=Paul%20Salmon) conclusion: + +>By applying Rasmussen’s core tenets to cryptolaundering, we have demonstrated that the laundering of cryptocurrencies is a complex socio-technical system and as such for requires a systems approach when attempting to understand it. **In applying a safety and security protocol overlay to the cryptolaundering process, control of work processes may be evaluated to identify the most effective and secure laundering process for perpetrators to avoid failure, investment loss or arrest.** It is therefore, concluded that future research examining cryptolaundering processes and systems should adopt a systems thinking approach. Further applications of systems thinking theories and methods in this context are therefore recommended. + +Guess who is controlling most of the markets... it's up to you. + +Furthermore, Citadel seems to be [very popular](https://www.top10-casinosites.net/citadel-instant-banking/) for money transfers to online casinos (which do partly also accept cryptos). + +&#x200B; + +# TABLE OF CONTENTS + +1. TL:DR +2. Introduction +3. The Washing Machine + 1. The Crypto Space + 2. Correlation between Crypto and GME(related Stocks) +4. Conclusion +5. Update Section +6. Sources + +&#x200B; + +# 1. TL:DR + +HF are buying GME (and maybe other shorted stocks like AMC) in dark pools. When dropping those shares into the retail market, they make money, because they are STILL SHORTING THOSE STOCKS. Their short positions generate money. The won money might be put into crypto for finishing washsales. Scroll down for the last (5th) picture. There you can see it clearly. + +For how they make money with deep ITM calls, go check out this AI backed DD: + +https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +**This might be (at least one) reason, why the HF keep shorting!** + +Remember: the shorted shares have still to be covered! Buying at dark pools seems to only (maybe) reset their FTD timer, but **doesn't close their shorted positions.** + +&#x200B; + +# 2. INTRODUCTION + +I assume you all read all big DDs like the Chaos, Everything, etc. pp. ones! Also read up [u/brockm's DD regarding crypto being misused!](https://www.reddit.com/r/Superstonk/comments/mteyvy/bitcoin_and_possibly_all_crypto_has_potentially/) + +2.1. I guess most of you have seen this one here: [Sells through the major exchanges, buys through the FADF - a dark pool](https://www.reddit.com/r/Superstonk/comments/mpebkz/sells_through_the_major_exchanges_buys_through/?utm_source=share&utm_medium=web2x&context=3). It is a screen recorded video, which shows that the FADF (a so called [dark pool](https://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp)) is being used, to buy (non existend or borrowed) shares. The FADF buys don't affect the price at NASDAQ. In the meanwhile, the bought shares are being dropped on retail exchanges, thereby dropping the price (artificial price dropping and pressure to keep the price low). Why are they doing it? Of course, we got the max pain. The hedgies try to keep the chart below. And furthermore: they are still shorting GME (the whole reason for the MOASS) [GME Short Interest at 160 minimum](https://www.reddit.com/r/Superstonk/comments/mq4jl6/gme_short_interest_at_160_minimum/). + +Of course you have learned, if a stock is being shorted, they earn money when its price drops. Therefore they are winning money. Problem is, using dark pools is only allowed to a certain degree, because of the [underlying intransparency](https://www.sec.gov/news/statement/shedding-light-on-dark-pools.html) for retail traders. + +&#x200B; + +2.2. **Conjencture 1: HF make more money with dark pool shorted shares than they are allowed to and therefore mix money into crypto to save those earnings.** + +**Conjencture 2: HF wash money they have won by shorting shares and put it into crypto.** + +Conjencture 3: Yes, 1 and 2 are nearly the same. + +&#x200B; + +# 3. THE WASHING MACHINE + +**3.1. - The Crypto Space** + +How can crypto be used as a washing machine? I [answered that question](https://www.reddit.com/r/Superstonk/comments/mu2l9y/hedge_funds_might_be_using_crypto_btc_as_a/gv39gy2/?utm_source=reddit&utm_medium=web2x&context=3) by a critical asking ape. The main way of laundering via crypto is by using [crypto mixing services](https://ngm.com.au/bitcoin-laundering/). They might theoretically be able to push their own version of block into the chain, if they have [enough mining power](https://bitcoinmagazine.com/business/bitmain-nears-51-network-hash-rate-why-matters-and-why-it-doesnt) (regarding BTC) and thereby don't even need an exchange. But I guess this would go too far. The other thing is, there are also CRYPTO DARK POOLS [1](https://www.investopedia.com/news/number-dark-pools-cryptocurrency-trading-increasing/) [2](https://support.kraken.com/hc/en-us/articles/360001391906-Introducing-the-Kraken-Dark-Pool) [3](https://academy.binance.com/en/articles/a-simple-introduction-to-dark-pools)! + +Ongoing, you can see how money can be laundered using crypto in the following figures [1](https://www.emerald.com/insight/content/doi/10.1108/JMLC-10-2018-0063/full/html#sec014): + +[ Cryptocurrency money laundering process, adapted from Gilmour \(2014\); Möser \(2013\); Fanusie and Robinson \(2018\) ](https://preview.redd.it/9oj2b4yikbu61.png?width=1161&format=png&auto=webp&s=da0a28a97ac521d8fd814429ffaa26b9c7539943) + +&#x200B; + +[ High cash money laundering process, from Gilmour \(2014\) ](https://preview.redd.it/4r6m0jvpkbu61.png?width=1145&format=png&auto=webp&s=caa5c4bbc22e3e850cba5321478db426113038ff) + +Furthermore, there is a sociotechnical aspect to cryptolaundering. + +&#x200B; + +[ Cryptolaundering socio-technical system involved in risk management after Rasmussen \(1997\) ](https://preview.redd.it/ptw5tnozkbu61.png?width=1300&format=png&auto=webp&s=afc84c3a966871498bdf04578e5e88d235330063) + +3.1.1. Now keep in mind that HF are not the only ones creating traffic on BTC. Thereby it won't be a 100% coordinated chart. But there seems to be a close relation to the traffic of the ETF Shorted shares to Bitcoin. Don't forget DOGE trading being halted by Robin Hood when it rose like crazy last week... Also think about that there are more than one crypto currency. They might use DOGE to hedge positions from BTC or other coins - RIGHT NOW. Look at the chart below. + +&#x200B; + +[Cryptocurrency market caps changes in percent, 1 Month: Blue = BTC, Yellow = Ether, turqoise = XRP, Purple = DOGE.](https://preview.redd.it/0s5w95ls06u61.png?width=3018&format=png&auto=webp&s=f606452be7a25dcf3834f9f4d70a59588933b0ea) + +Excursion: From my point of view, the DOGE rise is a examplary [pump & dump scheme](https://bravenewcoin.com/insights/how-to-identify-a-crypto-pump-and-dump-scheme). Those groups, which coordinated early by buys the P&D and [releasing amazing news](https://www.coindesk.com/robinhood-crypto-withdrawals-deposits). Look at the timing and the rise of the DOGE market cap. + +&#x200B; + +[DOGE Market Cap, 3 Month. Starting around 28th January, the market cap of Doge started to pump. There was no reason for it to pump. If you have read up the link about \\"how to spot a crypto p&d\\", you will notice, that DOGE is a examplary set up P&D.](https://preview.redd.it/sd4fkihy36u61.png?width=3018&format=png&auto=webp&s=b13491fa87c966902f0c8f811a45cf9f10c1fdfc) + +And guess who [hired former CFTC Chair](https://www.complianceweek.com/grapevine/ex-cftc-chair-heath-tarbert-joins-citadel-as-chief-legal-officer/30222.article), who seems to know a lot about crypto [1](https://www.coindesk.com/tarbert-steps-down-cftc) [2](https://www.cftc.gov/PressRoom/SpeechesTestimony/tarbertstatement032420a). If you want, you can watch [Houston Wades talk](https://www.youtube.com/watch?v=skvMJGPYjUg) about dark pools, dogecoin etc. + +3.1.2. [It might also not be related to GME only](https://www.reddit.com/r/Superstonk/comments/mu2l9y/hedge_funds_might_be_using_crypto_btc_as_a/gv38nbz/?utm_source=reddit&utm_medium=web2x&context=3). There will be connection to a higher degree index I guess. Also lets not forget that Hedge Fonds might be hedging their positions. Crypto might be one of these. + +&#x200B; + +**3.2. - Correlation between Crypto and GME(-related stocks)** + +When overlaying BTC and GME charts, you can see a relation: + +&#x200B; + +[GME - 15 min Chart down to 4\/09](https://preview.redd.it/t6oi258a55u61.png?width=3018&format=png&auto=webp&s=dd9afcf16c39a49f17eb674ca21fd9033bb65591) + +&#x200B; + +[BTC - 15 min Chart down to 4\/09](https://preview.redd.it/wm3uwgsub5u61.png?width=3018&format=png&auto=webp&s=ab7f0e5488d4352a2dde6ba5cd5c7b88f05c7c40) + +If you look closely for the afterhour from friday, 16th, and premarket from today monday, 19th, you can see some opposite movements of both charts. + +[GME 1 Day \(4\/19\) - 1min](https://preview.redd.it/e8p7c4ak65u61.png?width=3018&format=png&auto=webp&s=dee6a97b69bb7f41cdaf7a85a06ff68fc3e9bfa2) + +If you look at todays charts, you can see a clearly opposite movement of those charts. + +[BTC Chart, GME Overlay \(orange\)](https://preview.redd.it/n05z2h4o95u61.png?width=3018&format=png&auto=webp&s=40b293e929e11f8da92e69e72e0a9a70434bbee6) + +&#x200B; + +[GME Chart up to 4\/13, BTC Overlay \(orange\)](https://preview.redd.it/uy25aaj6a5u61.png?width=3018&format=png&auto=webp&s=2a8ee2e360ff39e1ab1d1de50651b95504303d6f) + +&#x200B; + +[GME Chart 3M, Bitcoin Overlay \(blue\)](https://preview.redd.it/lay3yut1l5u61.png?width=3018&format=png&auto=webp&s=b4df847734b312a54cb2e6fa3c5364aff50e4c5f) + +&#x200B; + +[Marked down GME chart, BTC overlay \(blue\). Purple: inverse relation = buying crypto while price drops. Yellow Selling crypto \(decreasing market cap\) to buy dark pool shares?](https://preview.redd.it/tiak6t4uv5u61.png?width=3018&format=png&auto=webp&s=70d71de6b9561d99887cc0c680df2e4bc942a2ed) + +The correlation started about ~~4/08~~ JANUARY, as far as I can see it right now. It might go even further (presumably down to about a year ago). + +&#x200B; + +[Another GME Chart with BTC \(blue\) and SPY500 overlayed \(orange\)](https://preview.redd.it/2wao1qt5y5u61.png?width=3018&format=png&auto=webp&s=83d55d3d7f381ed98b2062e5682496c655a6943d) + +&#x200B; + +[Last 6 Months of Crypto Volume \(Bitcoin\)](https://preview.redd.it/gojnrjgjx5u61.jpg?width=1440&format=pjpg&auto=webp&s=53fba714ce96199c711a52de6753d4365a1abaef) + +# + +# 4. CONCLUSION + +Thesis: + +(I) Crypto provides a multiplayer laundering space via its various cryptocurrencies. + +(II) HF might use crypto mixing services to wash their gained money. + +(III) They gained money which was generated by their short positions by pushing the prices of shorted shares down, using shares they have bought in dark pools + +(IV) Result: when shorted stocks go down (GME, AMC ...) crypto could be going inversely up. + +(V) - weak) They sell crypto, when they need money to buy dark pool shares. + +&#x200B; + +# 5. UPDATE SECTION + +\#1: Question. tryied to explain a little bit deeper how this might be connected. + +\#2: inserted 3 Months GME Chart, BTC Overlay + +\#3: structured the post + +\#4: inserted crypto dark pools and crypto mixing services + +\#5: inserted marked down chart + +\#6: inserted bitcoin volume index of last 6 Months + +\#7: inserted SPY overlay + +\#8: inserted BTC, XRP, ETH, DOGE market cap changes overlay + +\#9: inserted DOGE P&D section + +\#10: inserted Ex-CFTC Chair Heath Tarbert, [credits](https://www.reddit.com/r/Superstonk/comments/mu2l9y/hedge_funds_might_be_using_crypto_btc_as_a/gv3t3mn/?utm_source=reddit&utm_medium=web2x&context=3) to u/retardedStonkman + +\#11: added Houston Wades Talk, [credits](https://www.reddit.com/r/Superstonk/comments/mu2l9y/hedge_funds_might_be_using_crypto_btc_as_a/gv4016w/?utm_source=reddit&utm_medium=web2x&context=3)to u/istros + +\#12: inserted more sources + +# 6. SOURCES + +[https://academy.binance.com/en/articles/a-simple-introduction-to-dark-pools](https://academy.binance.com/en/articles/a-simple-introduction-to-dark-pools) + +[https://aisel.aisnet.org/ecis2015\_cr/20/](https://aisel.aisnet.org/ecis2015_cr/20/) + +[https://bravenewcoin.com/insights/how-to-identify-a-crypto-pump-and-dump-scheme](https://bravenewcoin.com/insights/how-to-identify-a-crypto-pump-and-dump-scheme) + +[https://www.blockchain.com/charts/output-volume](https://www.blockchain.com/charts/output-volume) + +[https://www.cftc.gov/PressRoom/SpeechesTestimony/tarbertstatement032420a](https://www.cftc.gov/PressRoom/SpeechesTestimony/tarbertstatement032420a) + +[https://www.complianceweek.com/grapevine/ex-cftc-chair-heath-tarbert-joins-citadel-as-chief-legal-officer/30222.article](https://www.complianceweek.com/grapevine/ex-cftc-chair-heath-tarbert-joins-citadel-as-chief-legal-officer/30222.article) + +[https://www.coindesk.com/tarbert-steps-down-cftc](https://www.coindesk.com/tarbert-steps-down-cftc) + +[https://www.emerald.com/insight/content/doi/10.1108/JMLC-10-2018-0063/full/html?casa\_token=SUhe99yBZAoAAAAA:1NlnyvcG99hPaXMmRLXpC4P9Yxk9rA43QPED79P8gUBHlapt-nGy7SEduQZ\_02WV3OTPsytA6EFztCYfGSxxen6MO7TX04oKV\_fclzeQZeyh-sArDok](https://www.emerald.com/insight/content/doi/10.1108/JMLC-10-2018-0063/full/html?casa_token=SUhe99yBZAoAAAAA:1NlnyvcG99hPaXMmRLXpC4P9Yxk9rA43QPED79P8gUBHlapt-nGy7SEduQZ_02WV3OTPsytA6EFztCYfGSxxen6MO7TX04oKV_fclzeQZeyh-sArDok) + +[https://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp](https://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp) + +[https://www.investopedia.com/news/number-dark-pools-cryptocurrency-trading-increasing/](https://www.investopedia.com/news/number-dark-pools-cryptocurrency-trading-increasing/) + +[https://ngm.com.au/bitcoin-laundering/](https://ngm.com.au/bitcoin-laundering/) + +[https://www.reddit.com/r/Superstonk/comments/mpebkz/sells\_through\_the\_major\_exchanges\_buys\_through/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mpebkz/sells_through_the_major_exchanges_buys_through/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/mq4jl6/gme\_short\_interest\_at\_160\_minimum/](https://www.reddit.com/r/Superstonk/comments/mq4jl6/gme_short_interest_at_160_minimum/) + +[https://www.sciencedirect.com/science/article/pii/B9780128021170000151](https://www.sciencedirect.com/science/article/pii/B9780128021170000151) + +[https://www.sec.gov/news/statement/shedding-light-on-dark-pools.html](https://www.sec.gov/news/statement/shedding-light-on-dark-pools.html) + +[https://support.kraken.com/hc/en-us/articles/360001391906-Introducing-the-Kraken-Dark-Pool](https://support.kraken.com/hc/en-us/articles/360001391906-Introducing-the-Kraken-Dark-Pool) + +[https://tradingview.com/chart/e51WD8AG/](https://de.tradingview.com/chart/e51WD8AG/) +First of all, My dad asked me to invest some of his money into crypto, as I know a bit about it and I’m doing relatively well. He knows nothing about crypto, but trusts me and acknowledges the volatility. I, in no way, persuaded him to invest in crypto. +Having said that, here’s what happened; + +I downloaded a portfolio app on his phone so that he can track the crypto I bought and also so he keeps up with what I’m doing with his money. Naturally, I keep plenty of funds in a stablecoin (in this case usdt) so that I can buy potential dips. +One afternoon I kept getting calls from him on my workphone (he never calls me on my workphone). Flustered, I picked up the phone during an important meeting, fearing something bad had happened. When I picked up he said the most boomer thing I ever heard him say ‘Hey, I have been tracking this coin usdt you bought, and it is not doing much, it’s not fluctuating at all, but I’m really, really expecting a rise soon, what do you think?!’ + +I found it absolutely adorable and dumb at the same time. I explained everything to him and we had a good laugh about it. + +Anyway, I just wanted to share this giggle I had. Hope it also brings you some joy in these trying times. + +EDIT: Wow, this post really exploded. Thanks for all the awards and love kind strangers. I see there is some controversy about the whole 'Tether' thing. I appreciate you guys looking out for me and my father. I truly do. Having said that, I don't feel the need to fuel this discussion. I think everyone is entitled to his own crypto choices and my dad trusts me enough to make those choices for him. It was not the intention of this post to start a tether-riot. It was simply meant to share a funny crypto-related story. Oh, and for the people saying this is a repost. I did try to post this about a month ago I think, but it got instantly deleted by the mods because I didn't have the required Comment Karma to post on this subreddit. I just thought I'd try to share my story again now having the required Karma. Anyway, I hope all of you have a wonderful crypto-journey. I'm still reading all the comments. It truly makes my day! Much love. +Netflix share price recently plummeted and the company is scrambling for damage control with “Don’t worry! We’ll fix it!” + +After a year and a half of DD pointing out how corrupt, manipulated, and opaque the U.S. stock/derivatives market is…who in their right mind would now think “Man, Netflix really had a bad quarter according to their [insert bullshit metric here], that’s why their share price is down today.” + +I know I know…it’s not just today that I ‘discovered’ my loss of trust. + +But! If you were a CEO or in charge of ANY publicly traded company, why not come out and say, “Yeah, so our stock went down 25% last night in After Hours. We think a bunch was sold because some over-leveraged Hedge Fund had to liquidate for margin. Our share price has no relation to our value. I’d tell you more, but the SEC and that “government” (re: corrupted hedge fund-controlled) agency in Chicago that 99.99% people don’t know exists doesn’t do shit for transparency, enforcement, and true price discovery. So…🤷‍♀️” + +GameStop goes up 50%? Silence. + +Netflix/Discovery/Facebook plummets? CEOs scramble and everyone screams “oH nO tHeY aRe fAiLiNg cOmPaNiEs!” + +Anyway. That’s all. + +Felt cute, wanted to spread word on how share prices are dogshit wrapped in catshit. + +🚀 Buy. Hodl. DRS. Vote. Moon. 🚀 +I got Tim Sykes Penny Stock Deux course and it was the worst course and it doesnt really cover anything. All he has is just going through charts for 3 hours and tell where he bought and where he sold. + +1. There is no structure in his code at all. +2. He only goes through charts, saying I bought here and I sold here. Moves onto next chart and says the same thing. +3. Everything he says is disorganized, you can clearly say he is not at all prepared to do this presentation. + +I wanted to share this with you so people don't get cheated by these crooks. + +PS: I got it for free and did not buy it. + +Update: People asking where I got the course for free, found source on different reddit thread. Its on [https://forexwinners.ru/forex/timothy-sykes-pennystocking-part-deux/](https://forexwinners.ru/forex/timothy-sykes-pennystocking-part-deux/) +Hi all :) + +Net-nets are stocks whose market cap is below the value of net current assets (Current Assets - Total Liabilities). They are difficult to find, so I thought it would be useful to share my findings. + +Japan + +* Tsutsumi Jewelry (low quality) +* GameCard JoyCo Holdings (low quality) +* Nippon Antenna Co. (low quality) +* Sonocom Co. Ltd. (high quality) +* Kikukawa Enterprise Inc. (high quality) +* Matsumoto Yushi Seiyaku Co. (high quality +* Kyowakogsosyo Co. Ltd. (high quality) + +Turkey + +* Ipek Dogal (be wary, Turkey has crazy inflation rn, cash on this company's BS will erode in value very quickly) +So I have been investing for 10 years, mostly nasdaq and tech stocks with good success. Now I want something a bit less volatile and "safer" I mean I know 20 years is a safer risk since theoretically, stocks go up, but just looking for something slower and something that wont get hit as hard when it comes to either a recession, or inflation. So I decided to go with DOW ETFs since most of its top holdings are value, yet some exposure to safe tech stocks like MSFT and AAPL. + +But being new to value investing for the next 20 years, would you say DOW is a good pick, especially with todays economy and uncertainty? And yes, I understand volatility as ive been through it, but think I want a bit less of it now and a more calm approach for the next 15 - 20 years. +The new interview with Bloomberg cuts out after about 5 minutes, does anyone have a raw uncut version? (Also wish there was a #Lynch instead of #Buffet considering Lynch actually teaches you how to make money and never contradicts himself +Is it ever too late to invest in ARK etfs? They’ve had extremely good returns over the past few months and I am hesitant to jump in now. I have about 10k to invest with and am looking to hold long term. + +Along the same lines, does ARKG and ARKK ever really dip? It seems that they are quite skilled in buying and selling so their holdings never really falter. (except when the entire economy falls) + +I’d love some advice on how to approach this! + +-noob investor +Earlier in the year my aunt, who is in the spectrum but who is mostly able to take care of herself, was let go from her job after her company filed for bankruptcy. + +She owned a small flat that she was very happily living in. My dad, who is basically her sole lifeline when it comes to her paying her bills, using the internet, etc. was worried about the costs of her staying in this flat without any future employment prospects. She only needed to pay £300 a month for the flat as she had fully paid off her mortgage. + +She applied to several jobs (with the help of my dad) but was, and still is, unsuccessful in both her applications and her interviews. Around March time he made the decision that she needed to move into his flat with him and that they should split the bills to reduce the upcoming (and ongoing) coat of living crisis. + +I made the point to my dad that needing £300 a month to pay for bills is extremely cheap and it would be an huge change for both of them if he was to essentially force her to live with him. + +He wasn't having it. He said it was too risky and the fact she had already struggled to get a minimum wage job was proof of this, and so I caved on the idea. + +I stressed to my dad that since she'll be living with him for likely the rest of her life that he should make sure her money is as secure as possible (he takes care of her finances, as she tends to overspend unless she is given a set amount of cash each week). + +He told me he had put £20,000 into an ISA which had a decent interest rate, and had split the money between different banks so that it remained well below the 'risk' threshold (her flat sold for around £150,000, so I believe he split it between three accounts.) + +Cut to today, my dad has a new car and now a conservatory. My aunt is still jobless, and when asked how he afforded these things he insisted he's always had "some money tucked away." + +But I find that hard to believe given how majorly stressed out he was about her paying as little as £300 a month just to survive (I appreciate this would have gone up with the bills increase, but that is still a low figure in my mind). + +Here's where the problem is: I have no proof. My dad could be completely telling the truth. He received an early pension a few years ago which gave him a lump sum. It is entirely possible he has taken the money from that and it is just coincidental timing. + +The other factor is my aunt has no-one else who she can rely on. Her other siblings want nothing to do with her, and my dad has essentially been her carer for most of his life without ever being compensated for it (my aunt can do a lot by herself but still needs a fair amount of help, and especially with her finances). + +So I am really at a loss what to do. If I was somehow able to prove he got my aunt to pay for these things or contributed in some way, then I have no idea how my aunt would operate day to day without any kind of help from someone trustworthy. + +She is hugely dependent on my dad. Plus it's not like she can move back out now that her money is increasingly worth less and less with the housing market the way that it is. Plus she still doesn't have a job and it's coming up to a year now... + +TL;DR: Dad got my aunt to move in with him, now he has all this extravagant shit out of nowhere. +Background: I'm a nurse, 35$ base pay, shift differential for nights and weekends. Overtime is time and a half. I also make bonuses every shift (I was told they weren't taxed but I am unsure how to figure that out). I live and work in Philadelphia, PA. + +Recently I worked a lot of overtime: 28 hours. I am supposed to make 2240 in bonuses. This is on top of my regular 80 hours in a pay period with my 10$ shift differential. + +I was told by several coworkers that if you work too much overtime in a pay period, it puts you into the next tax bracket on your check, so you get taxed an ungodly amount that makes the overtime not worth it. They say it makes your check damn near the regular amount even though you put in all the extra time. + +Is this true? Can anyone explain this to me? I'm now concerned that my next check is going to suck despite the extra work. + + +Edit: Thank you guys so much I feel a lot better now! I do have a follow up question for you.. what are the tax brackets? How do I know what they are so I don't cross the boundary into the next bracket on my checks? And how much more is the tax rate? +Update 2/19: finally managed to get an update post through moderation- much better than this original! [https://www.reddit.com/r/wallstreetbets/comments/lnzeho/the\_silver\_short\_squeeze\_is\_glaringly\_obvious\_to/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/wallstreetbets/comments/lnzeho/the_silver_short_squeeze_is_glaringly_obvious_to/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Update 2/4 - someone went ahead and spelled out the mechanics of the squeeze quite well and I would like to give their post attention [https://www.reddit.com/r/wallstreetbets/comments/lc8vgo/slv\_is\_not\_going\_to\_get\_squeezedslv\_is\_the\_trojan/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/wallstreetbets/comments/lc8vgo/slv_is_not_going_to_get_squeezedslv_is_the_trojan/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) \- however, they are betting on SLV which is controversial. If SLV does have the silver they say they do it’s a great bet. If not, then PSLV is the way to go. I have switched to PSLV + +Update 2/2 - I am able to comment again. I messaged several mods on Reddit and the mod account on Twitter. None of them responded but it appears I am able to comment again so I assume one of them lifted my ban + +Update 2/1 - I have been banned from posting on WSB. I guess they aren’t yet deleting my post here given the media attention. If this was a rogue mod I’d appreciate being restored the ability to post on WSB. I’m open to talking to any mods + +Update 1/31 - there have been tons of 'what to buy' questions so [I added a clarity post](https://www.reddit.com/r/wallstreetbets/comments/l9tzkv/the_dd_on_slv_updated_131_clarity_on_what_to_buy/?utm_source=share&utm_medium=web2x&context=3), hope it helps. It's also getting downvoted to hell because its not about GME so that's discouraging. The speed at which the downvotes flew in makes me think someone made bots to crush new posts related to SLV (or maybe anything not GME). It makes no sense for this post to have 93% upvotes and my new one to have 28%. + +I have not sold my GME to buy SLV. I had a small pre-existing position in leaps I bought months ago. + +Created an [official Twitter handle](https://twitter.com/Thehappyhawaii1/status/1355663208774836228?s=20) not sure if I’ll use it, but didn’t want anyone to impersonate me on there + +Here is the longer DD for the short squeeze case for SLV, a follow-up from my shorter post a few hours ago. Note that I talk in first person as this is something I’m going to do. Everyone is free to do as they individually please and copy my trade if they’d like to. I think it’s absurd that forces at be think this forum is manipulating by posting publicly but that’s where we are at right now. + +First things first, **I'm not doing this until the GME rise is done.** I am long GME but am going long SLV immediately after. + +Update 1/29: due to the manipulation and collusion of citadel, hedge funds, and brokers to change the rules and rig the game in their favor. Who likely knew ahead of time and bought puts right before and calls at the bottom, GME is too important to abandon still. SLV is still my next play but GME needs to go to $1000 and these people need to go to jail. + +**If you just want to know what to buy skip to the end** + +I present 2 investment DDs in this post, the short squeeze and the fundamentals. If you want to see what to buy + +**The short squeeze:** + +Buy SLV shares and SLV call options to force physical delivery of silver to the SLV vaults. Also buy physical silver bullion. The best possible thing would be to take physical delivery in the futures market if you have access to do so. + +The silver futures market has oscillated between having roughly 100-1 and 500-1 ratio of paper traded silver to physical silver, but lets call it 250-1 for now. This means that for every 250 ounces in open interest in the futures market, only 1 actually gets delivered. Most traders would rather settle with cash rather than take delivery of thousands of ounces of silver and have to figure out to store and transport it in the future. + +The people naked shorting silver via the futures markets are a couple of large banks and making them pay dearly for their over leveraged naked shorts would be incredible. It's not Melvin capital on the other side of this trade, its JP Morgan. Time to get some payback for the bailouts and manipulation they've done for decades (look up silver manipulation fines that JPM has paid over the years). + +The way the squeeze could occur is by forcing a much higher percentage of the futures contracts to actually deliver physical silver. There is very little silver in the COMEX vaults or available to actually be use to deliver, and if they have to start buying en masse on the open market they will drive the price massively higher. There is no way to magically create more physical silver in the world that is ready to be delivered. With a stock you can eventually just issue more shares if the price rises too much, but this simply isn't the case here. The futures market is kind of the wild west of the financial world. Real commodities are being traded, and if you are short, you literally have to deliver thousands of ounces of silver per contract if the holder on the other side demands it. If you remember oil going negative back in May, that was possible because futures are allowed to trade to their true value. They aren't halted and that's what will make this so fun when the true squeeze happens. + +Edit for more detail: let’s say there’s one futures seller who gets unlucky and gets the buyer who actually wants to take delivery. He doesn’t have the silver and realizes it’s all of a sudden damn difficult to find some physical silver. He throws up his hands and just goes long a matching number of futures contracts and will demand actual delivery on those. Problem solved because he has now matched the demanding buyer with a new seller. The issue is that the new seller has the same issue and does the exact same thing. This is how the cascade effect of a meltup occurs. All the naked shorts trying to offload their position to someone who actually has some silver. My goal is to ensure that I have the silver and won’t sell to them until silver is at a far higher price due to the desperation. + +The silver market is much larger than GME in terms of notional value, but there is very little physical silver actually readily available (think about the difference between total shares and the shares in the active float for a stock), and the paper silver trading hands in the futures market is hundreds of times larger than what is available. Thus when they are forced to actually deliver physical silver it will create a massive short squeeze where an absurd amount of silver will be sought after (to fulfill their contractually obligated delivery) with very little available to actually buy. They are naked shorting silver and will have to cover all at once and the float as a percentage of the total silver stock globally is truly miniscule. + +**The fundamentals:** + +The current gold to silver ratio is 73-1. Meaning the price of gold per ounce is 73 times the price of silver. Naturally occurring silver is only 18.75 times as common as gold, so this ratio of 73-1 is quite high. Until the early 20th century, silver prices were pegged at a 15-1 ratio to gold in the US because this ratio was relatively known even then. In terms of current production, the ratio is even lower at 8-1. Meaning the world is only producing 8 ounces of silver for each newly produced ounce of gold. + +Global industry has been able to get away with producing so little new silver for so long because governments have dumped silver on the market for 80 years, but now their silver vaults are empty. At the end of WW2 government vaults globally contained 10 billion ounces of silver, but as we moved to fiat currency and away from precious metal backed currencies, the amount held by governments has decreased to only 0.24 billion ounces as they dumped their supply into the market. But this dumping is done now as their remaining supply is basically nil. + +This 0.24 billion ounces represents only 8% of the total supply of only 3 billion ounces stored as investment globally. This means that 92% of that gold is held privately by institutions and by millions of boomer gold and silver bugs who have been sitting on meager gains for decades. These boomers aren't going to sell no matter what because they see their silver cache as part of their doomsday prepper supplies. It's locked away in bunkers they built 500 miles from their house. Also, with silver at $23 an ounce currently, this means all of the worlds investment grade silver only has a total market cap of $70 billion. For comparison the investment grade gold in the world is worth roughly $6 trillion. This is because most of the silver produced each year actually gets used, as I have mentioned. $70 billion sounds like a lot, but we don’t have to buy all that much for the price to go up a lot. + +\*\*If the squeeze happens, it would be like 40 years worth of their gains in 4 months \*\* + +The reason that only 8 ounces of silver are produced for every 1 ounce of gold in today's world is because there aren't really any good naturally occurring silver deposits left in the world. Silver is more common than gold in the earth's crust, but it is spread very thin. Thus nearly every ounce of silver produces is actually a byproduct of mining for other metals such as gold or copper. This means that even as the silver price skyrockets, it wont be easy to increase the supply of silver being produced. Even if new mines were to be constructed, it could take years to come online. + +Finally, most of this newly created silver supply each year is used for productive purposes rather than kept for investment. It is used in electronics, solar panels, and jewelry for the most part. This demand wont go away if the silver price rises, so the short sellers will be trying to get their hands on a very small slice of newly minted silver. The solar market is also growing quickly and political pressure to increase solar and electric vehicles could provide more industrial demand. + +The other part of the story is the faster moving piece and that is the inflation and currency debasement fear portion. The government and the fed are printing money like crazy debasing the value of the dollar, so investors look for real assets like precious metals to hide out in, driving demand for silver. The $1.9 trillion stimulus passing in a month or two could be a good catalyst. All this money combined with the reopening of the economy could cause some solid inflation to occur, and once inflation starts it often feeds on itself. + +&#x200B; + +**What to buy:** + +Edit 2/24: I now advocate buying PSLV for shares, physical metal if the premiums come back down, and if you want options then SLV is still ok for that. + +I will be putting **50% directly into SLV shares, and 50% into the $35 strike SLV calls expiring 4/16**. This way the SLV purchase creates a groundswell into silver immediately that then rockets through a gamma squeeze as SLV approaches $35. Price target of $75 for SLV by end of April if the short squeeze happens. + +Edit: for the part of your purchases going into shares, some people recommend PSLV because they think SLV might start lying about having the silver in their vault. Or that the custodian will be double counting, ie claiming that the same silver belongs to multiple people (banking on the fact that people wont all try to get their silver at once). So if you buy SLV shares and calls, that's great. But I think it could be prudent for us to buy options in SLV (no options on PSLV) and shares in PSLV. It all depends on how paranoid you want to be. There is a lot of paranoia in the precious metals world. + +Alternate options: + +\- buying physical silver; this also works but you pay a premium to buy and sell so its less efficient and you take fewer silver ounces off of the market because of the premium you pay + +\- going long futures for February or March; if you are a rich bastard and can actually take physical delivery of 1000s of ounces of silver by all means do so. But if you simply settle for cash you are actually part of the problem. We need actual physical delivery, which is what SLV demands and is why SLV is the way to go unless you are going to take delivery + +\- miners; I don’t recommend buying miners as part of this trade. Miners will absolutely go up if SLV goes up, but buying them doesn't create the squeeze in the actual silver market. Furthermore, most silver miners only derive 30-50% of their revenue from silver anyways, so eventually SLV will outperform them as it gets high enough (and each marginal SLV dollar only increases miner profits by a smaller and smaller percentage) + +**Details on SLV physical settlement:** + +When SLV issues shares, the custodian is forced to true up their vaults with the proportional amount of silver daily. From the SLV prospectus: + +"An investment in Shares is: Backed by silver held by the Custodian on behalf of the Trust. The Shares are backed by the assets of the Trust. The Trustee’s arrangements with the Custodian contemplate that at the end of each business day there can be in the Trust account maintained by the Custodian no more than 1,100 ounces of silver in an unallocated form. The bulk of the Trust’s silver holdings is represented by physical silver, identified on the Custodian’s or, if applicable, sub-custodian's, books in allocated and unallocated accounts on behalf of the Trust and is held by the Custodian in London, New York and other locations that may be authorized in the future." + +Join me brothers. Lets take silver to the moon and take on the biggest and baddest manipulators in the world. Please post rocket emojis in the comments as desired. + +Disclaimer: do your own research, make your own decisions, everything here is a guess and hypothetical and nothing is guaranteed, not a financial advisor, I have ADHD and maybe other things too. + +Bear case: silver does tend to sell off if the broader market plunges so it’s not immune to broad market sell off. It’s also the most manipulated market in the world so we are facing some tough competition on the short side +I must have dropped my debit card in my neighborhood while out on a walk, because someone found it and immediately used it at 3 different grocery stores in my area, spending over $300. I only had $300 in my checking account and had automatic payments set for the first of the month, so by the time I was home and noticed my card was gone my account had -$200 and I was charged $60 in overdraft protection fees. + +I immediately froze my card and disputed the multiple fraud charges with my bank, a credit union. I gave them permission to contact the police, but I did not call the police or press charges because my understanding is that I likely dropped the card so I carry some fault. I also transferred enough funds from my savings account into my checking so that I no longer carried a negative balance. + +My bank has 90 days to investigate the dispute before they determine if I should get the money back, during which they will provisionally refund my account within the next 10 days. I keep a tight budget but I still live paycheck to paycheck and having $300 less means that I have to temporarily rely on savings or my credit card for expenses. + +Are there any other actions I should be taking to resolve this issue? Am I at risk of any further fraud from the person who has my debit card, even though it’s been frozen and I’m getting sent a new one? And is it really going to take 90 days to get my money back (non-provisionally)? +I have to be honest, watching the hit piece by Kenneth C Griffin, the Financial Terrorist today really made me sick. But he has a great point, in that if buying and holding shares in the US Financial System is enough to destroy teacher pension funds, then it truly is a broken system. + +Anyway, as part of my ongoing attempt to try and spread info outside of our subreddit, [here is my Tweet thread on the subject. I’ve obviously directed it to SEC, DOJ and YELLEN to try and reach a broad audience.](https://twitter.com/thebigbdub/status/1527473191647469569?s=21&t=j6Bbn7_meJIhsArlxPGJaw) + +Kenneth C Griffin, in my humble opinion, has committed Treason. He’s actively destroying US Citizens lives. +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. +The store shelves near me were empty. But I've been broke and in a natural disaster before. Here's where I put my $40 remaining cash this week to prep for everything shutting down.... + +There was no toilet paper. I cannot afford a bidet. + +So I got a bathroom sink-to-hose adapter from Lowes. It was $6.50. The hose was 99 cents from the 99 cent store. $7.49 and my bum will stay clean! The toilet is next to my sink in the bathroom, so it's no big to turn it on, DIY-bidet then wipe down with a washcloth. I will not be returning to toilet paper after this. + +Which brings me to my other investment... $5 of ugly printed terrycloth from the fabric store. I've cut it into 30 butt-only-wipes. I haven't sewn it. Use pinking scissors and there won't be stray threads. Wash and reuse them whenever you want. + +I also bought 10 pounds of flour for $8. I have plenty of seasonings, yeasts, everything else for bread. + +I was gifted a case of wine from a now-cancelled work banquet. Big come up there! + +Finally, I bought $10 worth of ugly fruit from a farmers market. I'm redditing while slicing up about 30 pounds of misshapen, delicious fruit to stick in my dehydrator (purchased at goodwill for $5). Making jam tonight, made several sauces, I plan to juice and freeze the apples I can't bake right away. + +I hope this helps someone else out there in our dystopian times. +When investing in dividends, have anyone come across strategies. Where the goal is to get dividend payment, in the amount of the original share price. For example, MO is at 50 per share. The dividend yield is at 3.60. +So If I buy 14 shares time the 3.60 equals the 50 dollar dividend payment. + +Let me know if I'm crazy. +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! +Bed Bath & Beyond Inc's (BBBY.O) chief financial officer fell to his death from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, police said, just days after the company said it was closing several stores. Gustavo Arnal, 52, joined Bed Bath & Beyond (BBBY.O) in 2020. He previously worked as CFO for cosmetics brand Avon in London and had a 20-year stint with Procter & Gamble (PG.N), according to his LinkedIn profile. On Friday at 12:30 p.m. ET (1630 GMT), police responded to a 911 call and found a 52-year-old man dead near the building who appeared to suffer injuries from a fall. Police identified the man as Gustavo Arnal. The police statement did not provide further details on the circumstances leading to Arnal's death but added that the New York City Medical Examiner's Office will now determine the cause of the fatality. + +On Aug. 16, Arnal, sold 55,013 shares in the company, Reuters' calculations showed based on SEC filings. The big-box chain - once considered a so-called "category killer" in home and bath goods - has seen its fortunes falter after an attempt to sell more of its own brand, or private-label goods. Last week, Bed Bath & Beyond said it would close 150 stores, cut jobs and overhaul its merchandising strategy in an attempt to turn around its money-losing business. + +Source: https://www.reuters.com/business/bed-bath-beyond-cfo-plunges-death-new-yorks-jenga-tower-reports-2022-09-04/ +This subreddit has been riddled with warning after warning and yet people are still *shocked*, somehow, when a large exchange or stablecoin goes belly up and their funds are locked or liquidated. + +In terms of stablecoins failing, cant do much about that. + +In terms of where you keep your decentralized currency, that is absolutely your choice. + +So before any other exchange falls, understand that by not moving your coins and allowing a centralized company to "hold" them for you, you are consciously accepting the potential loss of said currency. + +I know that we all heard about this, but I wanted to leave a reminder of whats possible... An excerpt From Coinbases own quarterly report that ended March 31, 2022. + +[https://imgur.com/a/nJ4ulrO](https://imgur.com/a/nJ4ulrO) + +This is NOT a "be careful with Coinbase" post, its a "be careful with ANY centralized exchange" post. I only mention Coinbase because its big but it is not too big to fail. +TL;DR: The Bank of England base rate has been increased from 1.75% to 2.25%. + +This means that the interest rate on savings accounts should go up, and the interest rate on loans and variable mortgages (and new fixed rate mortgages) will also go up. + +[Link to Bank of England Announcement](https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/september-2022) + +[Link to BBC News Article](https://www.bbc.co.uk/news/business-62991376) + +If this base rate hike is going to cause you financial difficulty, you might find some helpful information on [this Mod post](https://www.reddit.com/r/UKPersonalFinance/comments/tk8e8g/april_2022_cost_of_living_crisis) relating to the cost of living crisis. +Based on my searching around for possible ways to do passive investing in emerging markets (China, Brazil, South Africa, Indonesia, Taiwan, etc.), very few options are available. + +1. Mutual funds based in India that invest in US-based ETFs (Edelweiss, HSBC) + +2. open international broker account (interactive brokers? Vested?) and directly invest in those ETFs + +3. go the GIFT city route through the BSE India Inx Global Access which is not very popular for some reason. Also, it’s not very clear what the process is, or if it even is better than the directly creating international brokerage account. The problem with opening an international account is that of taxation whereas this problem may not appear if you go through the BSE India Inx GA route (not sure about this) + +Looking to get thoughts on this. + +Also, what is you opinion on which emerging countries would be good to invest in for the next 20 to 30 years timeframe? + +Thanks! +Haven't we all seen those youtube videos talking of assets/ government projects/ art pieces that have been invested in decades ago with money that would be peanuts today, but then the creator mentions that this amount is so and so in today's money, adjusted for inflation. + +Well, today I was looking to do similar calculation for a piece of commercial real estate. Let's say someone bought a place to set up a small shop in the suburbs. This shop cost them 40000 rupees in 1999. So how'r much is the value of the above amount in today's money. + +It'd be nice to get a figure directly or be even better if you can explain the methodology of getting the answer . +I am utterly confused if I should convert it to value in gold or USD and then do the calculation. +[https://www.livemint.com/news/india/millennial-lives-and-the-new-age-debt-trap-11575474961876.html](https://www.livemint.com/news/india/millennial-lives-and-the-new-age-debt-trap-11575474961876.html) + +>The space is already crowded, with 15-20 fintechs firms offering a variety of payday loans. Among them, a few such as mPokket and UGPG lend specifically to college students (who are 18+). “We provide small-ticket personal loans starting at ₹500," says Gaurav Jalan, founder and chief executive officer (CEO) of mPokket. Jalan refused to reveal the average default rate on the loans, but said “it was fairly under control". +> +>UGPG, on the other hand, lends to students based on a pre-approved line of credit. “Our line of credit typically varies between ₹3,000-40,000 and under this line of credit a student can withdraw as little as ₹1,000," says Naveen Gupta, founder of UGPG. “They can take multiple loans and then repay and redraw again. Typically, interest rate ranges between 2-3% per month." + +Scary that kids are getting trapped in these operators at a young age. +I was inspired to write this by these two recent threads: + +[https://www.reddit.com/r/LifeProTips/comments/n0cb39/lpt\_ive\_used\_the\_occupational\_outlook\_handbook/](https://www.reddit.com/r/LifeProTips/comments/n0cb39/lpt_ive_used_the_occupational_outlook_handbook/) + +[https://www.reddit.com/r/povertyfinance/comments/mzzqgg/consider\_getting\_a\_cdl/](https://www.reddit.com/r/povertyfinance/comments/mzzqgg/consider_getting_a_cdl/) + +I see people on here all the time talking about wanting to find higher paying work or a better career and I thought I'd share my career and path. I know its not for everyone but its an area that I doubt most people even know about to begin with. + +Utility locators are those guys and gals that look like they've got a metal detector and a paint stick painting and marking the ground with those colored flags to show where underground utilities are. They are the frontline folks who provide a critical public service protecting the underground infrastructure from damages caused by excavation. + +Utility locators exist basically everywhere you live in the country, are always in high demand, and companies are almost always short staffed and desperate for workers. Its a skilled trade that doesn't require any specific education or previous experience, and once you get the hang of it can almost guarantee you a decent job anywhere in the country. And it very much is a job that you can get without "knowing someone," I got my first position by just randomly applying to an Indeed posting. + +Utility Locating companies by and large offer similar pay/benefits packages. + +1. Starting wages are now around $15-$17 depending on your market +2. Company vehicle you use to get around which you can drive home +3. Company provided cell phone, laptop/tablet, GPS, tools, or anything else required. +4. Health/Dental/Life insurance, 401k retirement, among others depending on your company. +5. Paid time off and holidays. This one differs quite a bit company to company but its anywhere from 1 to 3 weeks of PTO per year starting out and usually 6 - 11 holidays per year. + +I started locating in late 2017 at $14/hour and since then have bounced between different companies and currently make $18.50/hour. During busy season I will work up to 60 hours a week, and around the holidays that will drop to roughly 40-45 hours a week. Last year I grossed $50,000 and am on track to gross $60,000 this year. These numbers will change depending on your market, but I live in a medium cost of living area in the southeast and live a solid lower to middle class life. I'm able to support my wife and I (wife only works part time as a student), pay all our bills, eat out fairly regularly, and still save for purchases and retirement. + +I will be honest, this line of work is not for everyone. It can be very high stress at times especially during your first 6 months to a year while you're learning. Its physically demanding but not in the same way as construction, its mainly just a TON of walking and dealing with the elements (heat, cold, rain, etc.) But if you're someone who enjoys having "freedom" at work, being out on your own without a boss looking over your shoulder, and enjoys working outside, this is a great option to consider. And if "moving up" in a company is your goal, almost all utility locating companies promote from within. All the supervisors and trainers above me until you get to the corporate level are/were all field guys and gals who have worked the job and understand the stresses and pitfalls of it. + +Also, if locating isn't where you want to be the rest of your career it is an incredible way to make connections in other fields. I've gotten job offers from so many companies I can't even keep track, because in the field you work with or around the same people over and over and get to know them well. I've known tons of locators who have come in and done it for a few years then went on to be fiber splicers, gas technicians, line workers, plumbers, electricians, cable technicians, the list goes on. + +I hope this post can help someone else out there who may be feeling lost or directionless, I know I was when I found this career. + +Also if you're interested come check out /r/utilitylocator ! +https://www.cnbc.com/2019/09/30/apparel-retailer-forever-21-files-for-bankruptcy.html + + +Apparel retailer Forever 21 said Sunday night it is filing for Chapter 11 bankruptcy protection. + +The fast-fashion retailer is obtained $350 million in financing to support it through bankruptcy. + +Forever 21 has requested approval to close up to 178 U.S. stores, a spokesperson says. +We made it through the battle today and are UP 69% (nice). The hedges are only getting more desperate after the put options that expired today but REMEMBER: they have at LEAST 2-6 days in the market to pay these off, and likely have MANY MORE options expiring in coming weeks. With the lack of shenanigans today I predict an extended-hours ladder attack is incoming when many retail traders are sidelined from the action, combined with another media push of scare tactics incoming this weekend. We were caught off guard with the RH bullshit but hopefully enough people can get set up with Fidelity next week to even the playing field. But above all else: fuckin hold and we're golden + +DON'T TRUST EXTENDED HOURS PRICES TODAY OR MONDAY MORNING. + + DON'T TRUST ANY MEDIA HITPIECES CLAIMING THE SQUEEZE IS OVER THIS WEEKEND. + +THEY WILL TRY TO KILL THE HYPE WHEN TRADING IS DOWN AND CAUSE A MONDAY SELL-OFF. + +HOLD. THE. FUCKIN. LINE. + +*obligatory 'not a financial advisor' BS goes here, we just like the fuckin' stock* +I am a registered health professional in Australia, which means I have something called an AHPRA number. + +AHPRA is a government funded group that provides a **publicly accessible** database of the details (name, occupation, suburb of primary practice etc) of every registered health professional in the country. + +Keep that bold part in mind. + +Today I received an email designed reasonably well to look like a bland notice from AHPRA - an itemised bill, registration fees, my number, my details, etc. All with a slight hint of urgency (failure to pay may result in loss of registration). All topped off with a set of numbers for a direct account deposit. + +It was so boring it was almost believable. + +Except, of course, all of this information is publicly available and I'm familiar with AHPRA's actual email address used to contact individuals. Also, as far as fees: they're more likely to let your registration slip than chase you up about them. + +I don't know how many of you are doctors, pharmacists or similar in Australia, but the moral of the story is more universal: + +If you are in a position or department with publicly available information, don't allow the regurgitation of that information to mislead you into believing a demand is legitimate. + +If your information is available to anyone then, by definition, anyone could have access to it. + +Be careful out there. +If Warren Buffett had to start today (without worrying about old age), what would be his investment strategy so that he could reach the multiple billions in wealth he currently has? Would it be possible? +I am not a financial advisor and this is not financial advice. + +I've been seeing numerous posts about GME going to the hundreds of thousands or millions within a couple of days or a week or two, and I wanted to clarify some basic stuff for the new autistic apes. + +Just because GME, for example, goes to $500, it does not mean SHF get margin called, let alone close their position. Each SHF have different price points on when they get margin called. There are a lot of factors that need to be considered, such as their leverage, position amount, and assets used as collateral. + +Now let's say that a SHF does get margin called, it would take 5 days before the broker/clearing house takes over and force buy. In that 5 business days, if the price point goes below their margin requirements, that SHF is saved by the bell. It would take another margin call and another 5 business day before the liquation. + +As this affects all SHF in certain stocks, we can assume, they are all colluding together. A simple powerhouse like SIG can do many things to drop the price. I won't go into details on what they can do, as there is a lot of DD on deep itm puts/calls, shorting the ETFs with large volume of GME, or future swaps, and etc. This is simply to explain the basic that many don't seem to understand. + +[Rostin Behnam postponed bank swaps until 2023. They think you'll forget and not care.](https://preview.redd.it/0iih4p7bj0781.jpg?width=250&format=pjpg&auto=webp&s=2c85a05d1f61d6feba52d0572eda2a8800faad79) + +Now let's say that these SHF are not colluding or cheating, but rather they went by the books. If a SHF does get margin called and in 5 business days, the broker/clearing house takes over, it does not mean the price will jump immediately. I'll use Credit Suisse and Archegos as the example as it relates with GME. + +Archegos lost their excess margin (cushion) of 900 million in the initial GME January run-up, and after March 22nd, ViacomCBS crashed, which happened to be Archegos majority holding. Credit Suisse margin called them and a day later, they were forced closed. + +First, GME went to $500 a share and due to the excess margin limits Archegos had, they did not get margin called. I am re-iterating this since you retards think every SHF will get margin called at $500. Second, when they closed their position, the price did not spike. Why? Probably other short institutions spread the baggage amongst each other. They're not going to buy in the lit exchange immediately. That's the last resort. + +What's interesting in the CS report is that Archegos asked for a standstill agreement. This would have meant that all brokers would not default Archegos and they would have the ability to wound down their position. It got rejected, but it shows the potential f\*\*kery brokers and HF can do. And if a broker/clearing house is exposed more than their whole asset, I doubt they'll be margin calling their own demise. + +Source: [https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf](https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf) + +Why is Archegos interesting? It had an exposure reported to be 120 billion. Bill Hwang used leverage of 10x. So basically a run-of-the-mill hedge fund impacted the market to such extremities it could have potentially stopped the music. Sounds similar to what the FED has been spewing out about MEME stocks right now. What do you think would happen when a major players gets margin called and force to close their position or a broker going bankrupt? + +This brings up another point that gets overlooked. The NSCC 2021-010 explains the DTCC would take the institution or broker/clearing house asset and loan them money until it could be paid back. + +What they do with the cash, the rule is ambiguous. I assume they risk it all again in huge leverage to try to get out of their bad position one last time. The point is that a market flash crash going from 100 to 0 is unlikely. The DTCC would simply hold the assets and gradually sell without disrupting the market. The market vast and broad and there are many factors to consider, but simply keep in mind of this rule. + +Source: [https://www.sec.gov/rules/sro/nscc/2021/34-93532.pdf](https://www.sec.gov/rules/sro/nscc/2021/34-93532.pdf) + +Source: [https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-010.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-010.pdf) + +So now what happens when a broker/clearing house goes bankrupt? It takes 35 business days until the DTCC takes over. The DTCC has about 55 trillion dollars, and no they can't use all 55 trillion. + +Source: [https://www.dtcc.com/about/businesses-and-subsidiaries/dtc](https://www.dtcc.com/about/businesses-and-subsidiaries/dtc) + +It's been a while since I looked into, but I believe it is about 15 trillion that could be used to cover. If someone knows, let me know. + +And now what happens after the DTCC goes kaput? The FED would take over and print our damn money. + +[This post is way too long](https://preview.redd.it/fqcol0drj0781.jpg?width=960&format=pjpg&auto=webp&s=c949ccfbf63f07addbde9a07a7219e5a26f7f755) + +So now that you know the basic knowledge on what to expect, allow me to assist with your diamond hands. I use TSLA as an example, although different from GME, the general gist is similar. + +TSLA has been shorted(20%) for quite some time, but the core belief of the TSLA shareholders is that they held because they liked the company. Blackrock closed their shorts and the shares you had before the 5:1 stock split, and at the peak in Nov, it comes to about 6.2k per split initial amount. + +GME is another dimension. The price went to $500 to $39 and the vast majority didn't sell \[diamond hand\]. GME has a smaller float. GME short interest is over 140% based on January numbers. The Robinhood Class Action SI reports states it's about 226%. I doubt both numbers. It's over 700% and I have no evidence or source to back that claim. + +I will be conservative and use the January short interest of 140%. That would mean GME would have a minimum value of 36.7k a share. So even if you're a paper hand f\*\*k, any number less than that makes no sense. FUD? No retards, I am not saying the price is capped at 36.7k. I am saying that's the absolute bare minimum the price should be before you even think about selling. **The shares are worth fucking millions you retards as long as you DRS and HODL.** + +[DRS](https://i.redd.it/dbtocqyhj0781.gif) + +A side note, Finra changed how they report SI calculation back in Feburary. It's no longer reports short interest but short % of the float, so keep in mind before you start screaming what you think the SI is. No one knows anymore. It's all fake. + +Source: [https://www.finra.org/rules-guidance/notices/21-19?utm\_source=MM&utm\_medium=email&utm\_campaign=O%5FWeekly%5FUpdate%5F070721%5FFINAL#notice](https://www.finra.org/rules-guidance/notices/21-19?utm_source=MM&utm_medium=email&utm_campaign=O%5FWeekly%5FUpdate%5F070721%5FFINAL#notice) + +TLDR: DRS and GME is worth in the millions +Edit: Grammar\* +For those that now have much more free time, since either leaving a business or retiring. I was hoping that you may be able to provide some tips on any interesting or unique ways you’ve found to connect with likeminded people in similar situations please? + +To provide greater context, I’ve recently stopped working (34 m) and although there are friends in my social circle with similar financial circumstances, few are of a similar age or have a similar amount of commitment-free downtime, limiting opportunities for travel/activities in a group setting. + +Aside from more obvious ideas such as joining clubs etc, has anyone developed relationships with others in similar circumstances via events/groups or other means? + +Ultimately, I’d like to be able to meet others in similar scenarios as organically as possible and I would be grateful to anyone that can provide comment on their own post-fire journeys, and how their social/friend circle may have developed or changed. + +Many thanks in advance! +After GME share prices moved above $40 in the middle of August, shorts responded by working actively to suppress the upward momentum by heavily shorting; and using the broader stock market sell off as a smokescreen to press down GME shares in recent weeks. Despite the shorts’ attempts to scare away buyers, retail investors responded by heavily buying the price dips. + +&#x200B; + +(As background, [this past June](https://www.reddit.com/r/Superstonk/comments/vi292l/most_gme_shorts_will_be_losers_above_160_share/) I created the Shorts R-FKD indicator to keep track of where most shorts would be losers, based on trading activity going back to the January 2021 sneeze. Recently I have updated the indicator to account for the new price after the stock split, and to take into consideration the actual daily short volume figures available from [ChartExchange](https://chartexchange.com/symbol/nyse-gme/short-volume/). The revised and enhanced version 2 of the Shorts R-FKD indicator is represented by the red line in the chart below. Above $40 most shorts go back to losing territory.) + +[\(Indicator based on shorts since the sneeze high of January 28th 2021\)](https://preview.redd.it/luo8jaukdfm91.png?width=636&format=png&auto=webp&s=94b0aae24585471f32c98be406650acfdf38e287) + +When GME shares crossed above the $40 threshold in August and started to approach $50, the shorts had to interrupt the momentum by attacking GME with waves of heavy shorting to keep share prices from taking off towards $100. The shorts went on the offensive and the short volume spiked upwards of 70% of all trades, as shorts tried hard to suppress GME from blasting off. For comparison, the average GME short volume % in 2020, 2021, and YTD 2022 has been 50%, 59%, and 60% respectively. The chart below demonstrates the significant recent spike in shorts volume during the end of August that exceeded 70%. + +&#x200B; + +(If you examine the historic periods also, you will notice multiple points where GME price spikes were followed by spikes in short volume to press the GME shares back down to or below the shorts’ breakeven point as represented by the red line. It has been a cat and mouse game, with share prices going back and forth since 2021. But the shorts are running out of tricks.) + +https://preview.redd.it/a7ci8ftvdfm91.png?width=634&format=png&auto=webp&s=374a0acc7f8393711dfe654e9076f2554e26a86e + +All this shorting is basically adding more fuel to launch the GME rocket in the future. GME is becoming like a compressed spring, and these shorts are just putting themselves in more danger of a larger blowback with each additional short they take on. The (naked) shorts are temporarily disrupting the normal supply and demand dynamics of the market, and despite their heavy interference share prices can shoot up above $40 again soon, toward the $50 to $100 range, and ultimately heading towards the moon. They are using a lot of ammo right now, and when it runs out, there is no stopping lift off. + +&#x200B; + +Why are shorts shorting so hard? + +1. Some might just want to push prices below their $40 breakeven point to get out of losses. +2. Some might want charts to show a slide to trick retail traders into (panic) selling. +3. Some might be trying to trigger retail stop losses by pushing prices down. +4. Some might just be speculating on a price drop to make a quick buck. +5. Some might really dislike GME as a business. +6. Some might be jealous of retail investors outperforming them. +7. Some might be dumb Stormtroopers. + +&#x200B; + +https://preview.redd.it/x0f0iz85efm91.png?width=929&format=png&auto=webp&s=2c79923c79facd266cc1b1a4c8774b6b4db59e64 + +How are GME retail investors responding to the shorts? + +1. Using dips as buying opportunities. +2. Becoming longer term investors and ignoring the short-term volatility. +3. Not using stop losses that can easily be triggered by market manipulators. +4. Giving the GME team time to make the company stronger. +5. Finding new ways to support the business they love. +6. Making the shorts more jealous by HODL-ing. +7. DRS-ing shares so those dumb Stormtroopers can’t hit any of their targets. + +&#x200B; + +https://preview.redd.it/0cvb10abefm91.png?width=515&format=png&auto=webp&s=bc068b53da7be0eb1c594c457516a0bf1aecffaf + +Zooming in on the last few days of trading activity in the chart below, we can see GME got pressed down hard several days in a row. + +https://preview.redd.it/d2un99reefm91.png?width=702&format=png&auto=webp&s=471c9ad1a86bdd0420480a322786cc8a4792847f + +On those same down days, a very high percentage of the volume came from shorting volume, which was mostly near 70% on back-to-back days (see the teal bars in the chart below). + +&#x200B; + +Additionally on those same down days, around 80% of the total retail orders were BUYING based on data from Fidelity (see the purple bars in the chart below). The exceptionally high retail community support for GME is clear, with 87% of retail trades being buy orders most recently. + +[\(Sources: ChartExchange and Fidelity.\)](https://preview.redd.it/brjvyfzhefm91.png?width=700&format=png&auto=webp&s=7b93d906e424c68759ad8799d819e97c3b8741bd) + +Although the short volume and retail orders are not an apples-to-apples comparison, putting them together still shows the important fact that GME retail investors are resiliently buying in the face of the shorts’ typical scare tactics. Retail is not selling. The relatively high volume of shorting just indicates a level of desperation by shorts to suppress the share price, and to counter the recent onslaught of retail buying. The price seems artificially low given the retail investors’ continued high demand for shares. + +\---- + +The shorts think no one will realize what they are doing, making it look like this is a natural selloff in GME shares by investors. But investors are not selling. From August 16th until the first week of September, the S&P 500 slid down -8.4%. The shorts used that broader market backdrop as a smokescreen to press GME down sharply -41.3%! Shorts (and market makers) flooded the market with sell orders to put GME share prices on a downward trajectory, despite there being more retail buying than selling by a wide margin as the data shows. The data seems clear as day that GME is being pulled down in a funky way not consistent with a properly functioning fair marketplace. Hello… any regulators awake to look more closely into this?? + +\---- + +Shorts are stuck in a cage match with Apes, and Apes aren’t scared to snatch up those shorts! After the shorts experience a super wedgie at the hands of Apes pulling up their holdings, those shorts are eventually going to crack, and witnessing MO-ASS will be inevitable. Let’s 🎃 go! + +https://preview.redd.it/6ki2475oefm91.png?width=998&format=png&auto=webp&s=bd64af4a94a11c8c25032ef4c5c48312becde5bb + +\---- + +TLDR – data shows shorts are shorting heavily to push GME below $40, and retail Apes are just buying up even more shares at a discount, fueling up for MO-ASS. 🚀 +I've spent 18 yrs on the road by ER travel nursing throughout the US, and plan to retire in 2023. I own 5 properties across different states. 3 are vacation rentals with property managers, 1 is vacant that a family member maintains, and 1 has long-term renters. None of the properties have a mortgage and I like the vacation properties as I am able to stay in them as long as I block out the dates several months in advance. Since my lifestyle has been unstable geographically, I am worried I'll have no "roots" or social circle once I stop working. My life's been full of short term professional acquaintances, and I've never stayed in the same location for longer than 6 months for almost two decades. I don't know how to spend or know what I'll even do when retired. Most of the time I worked 12hr shifts 3-5 days per week, and if my assignments were near nature I would hike, mountain bike, ski, rock climb, or sail on my days off, looking back I already fulfilled most of my adventures desires and I just don't know how to "plug in" with a community if I were to stop working and settle down. + +Any retired nurses with a successful retirement that wasn't restless? +I understand that trading calls for basic knowledge of supply and demand, but i'm in a desperate need for a technical indicator to confirm trends with or to spot false breakouts. + +Can you share an indicator that has helped you in this regard? +Hello, + +I am 17 years old and in a few months i will be turning 18. I am planning on investing my savings ( around 2500e ) into ETFs for a long time horizon ( at least 15-20 years ). I was wondering how are other people, who went for long term positions in ETFs, doing. Did you meet your expectation you had when you started to invest for a long run? Is there any knowledge you´ve gained over the years you wish you would have had at the beginning? Did you have to take your investment out for any reason or were you able to stay invested ? + + +I am currently still learning as much as i can over ETFs. From what I have learned so far i would like to invest in 5ETFs to set my core investment and maybe and a few individual stocks such as Microsoft or coca cola. The 5 ETFS I meantioned should consist of 1 Global Stocks ETF, 1 US ETF, 1 Fixed income ETF and the ETFs VLUE and SIZE from Blackrock. The Equity ETFs should form around 80 - 90 % of the core portfolio with the rest invested in Bonds ( Fixed income ETF ). As i mentioned before, my initial invesment should be around 2500e and i am planning on adding extra 200e every month for at least the next 2 years, after that i will most likely move out of my parents house and my expenses will rise significantly. + + +I am mainly looking for answers to the questions in the 1st paragraph, but any advice or opinions on my strategy is more than welcome. +Isn’t VTI (total U.S. stock market) combined with VXUS (All cap excluding U.S.) basically the same thing as VT (Global all cap index)? + +I’m trying to keep it simple so is there any reason why I should invest in both VTI and VXUS instead of just investing in VT? Am I missing something here? +Like anything will ever come of it, but seriously fuck these guys. + +&#x200B; + +Original Post Regarding Video: + +[https://www.reddit.com/r/wallstreetbets/comments/v2u0ba/a\_message\_to\_the\_sec/](https://www.reddit.com/r/wallstreetbets/comments/v2u0ba/a_message_to_the_sec/) + +Video In Question: + +[https://www.youtube.com/watch?v=av3k\_lcGm9g](https://www.youtube.com/watch?v=av3k_lcGm9g) + +SEC Web Page referring to GME as a Meme Stock: + +[https://www.sec.gov/page/sec-staff-release-gamestop-report](https://www.sec.gov/page/sec-staff-release-gamestop-report) + +Edit: TIL the SEC does not operate with our tax dollars. Staying true to form as a moron here in this sub. +Hi, + +I am from Spain and me and my brother both moved out abroad to study 6 years ago, and have not lived there since. My father developed an illness 10 years ago and had to be put in a nursing home. As a result my mother was left with a huge amount of financial pressure (which eventually lead to alcoholism) and has since been struggling hard. She currently has around €50k in personal debt as well as a €100k mortgage on the house with a private company (this was refinance to cover a different mortgage). The interest rate for this loan is in my opinion ridiculous, standing at 12%. She claims she was left with no other choice as no bank would approve her, especially during the pandemic. + +She has now been offered a new mortgage of €180k, at a rate of 9%, to pay for her personal debt and replace the latest mortgage on the house. She is extremely keen on taking this loan and I feel she is not thinking rationally. She claims that once she is able to pay off all the debt, she will be able to focus on that single loan and also work on getting refinancing from the bank with a suitable interest rate once the pandemic settles down. + +The house is in me and my brothers name and is currently valued at around €600k. I am looking into possibly selling the property. Do you have any advice on how we can approach this? +Reliance oil and petrochemicals business valued at 75 billion dollars. 20 percent stake by Saudi Aramco which is the most profitable company in the world. Reliance to become a net debt free in around 2 years. Reliance Jio infocomm enter into a partnership with Microsoft over cloud data centres. Reliance Jio and Retail to be listed in the next 5 years. Reliance Jio Giga fibre to be operational in 12 months. There is no reason to doubt Mukesh Ambani's vision, planning and execution of the same. The stock valuations is still reasonable and with paring of debt and very strong worldwide partnerships RIL seems to have answered all of the questions raised. RIL GDR up 6.5 percent. Expect the same if not more for the stock on Tuesday. +P.S. - Dont bet against mota bhai. +Edit: Thank you all for the advice, I tought getting a CC wasn't a big deal but boy was I wrong. + +Also thanks for the gold, kind stranger! It's my first one! + +Edit 2: Thank you all so much for your kind advice, also to the ones not giving real advice, you guys made me laugh. +Facebook Inc. said it plans to buy back $9 billion more of its shares, in a bid to boost confidence in the company after a recent stock slump. + +https://www.bloomberg.com/news/articles/2018-12-07/facebook-plans-to-repurchase-9-billion-more-of-its-shares?srnd=markets-vp +This afternoon got my 3rd call, plus 2 emails (in a 6 week time period), from a "Relationship Manager" at Fidelity. Spoke with them the first call and told them I have a specific plan for my investments (quite a lot of GME left in my 401k--the rest of my money went to shares that have already been DRS'ed) and don't need any of their help, thanks for the call. Done deal, right? A couple weeks ago, I got another call, telling me they want me to come in and discuss my investments. I let it go to VM and didn't respond. Followed that up the same day with an email and a link to the guys calendar, saying they NEED me to set up a time to come in. Ignored that as well. Today I got another call on my VM saying they need me to come in for an "account review to make sure I am meeting my financial goals". + +I've been at Fidelity for a long while. Have had quite a lot of money invested with them for years. Never have they called me to offer their services. Hhhmmmmm. Wonder what has them so nervous? + +DRS what you can so we can get this damn show on the road. LFG!!!!!!!!! +I've always been told when job hunting to look for benefits package, not just the salary. I know health insurance (and vision/dental) are not the only aspects of a benefits package, but they're a major one. Would the view just skew more towards salary? And would salaries overall increase since they're not paying for employees' healthcare anymore? +Common sense dictates that any analyst with a vested interest can't be impartial, so why are so many analysts attached to some investment entity and how is it not a pump and dump scheme to issue a "buy" rating when you stand to profit from it? + +Is it even possible for analyst recommendations to provide value? If they're good, they'll shut up and invest their own capital, and if they're bad, then they're bad. The only value I can see is if they calculate fundamentals and stuff for the public, saving us some work. But it's not anything that an algorithm didn't already know, so whenever they issue a "buy" recommendation it's already too late. +Russia wants companies to pay for gas in rubles. + +What is the reason for this? + +If companies paid Russia in Euros, they would have Euros they could spend anywhere. + +But rubles can't be spent anywhere. +The U.S. Federal Reserve has a mandate to promote maximum employment, stable prices, and moderate long-term interest rates. These are tangible goals that Congress has given the Fed--I think the implied broader goal being a sustainable and growing economy. + +What if the Fed's mandate also included maximizing real median household income or wealth? Do you think they would act any differently than they already do? Or do you think this question is off-base because the Fed doesn't have or shouldn't have the powers to pursue that goal? + +What I'm getting at is how could monetary policy change to more directly account for US household welfare. What would that look like? + +Kind of related to this question I saw from /u/youngeng: [https://www.reddit.com/r/AskEconomics/comments/z2ovr8/how\_are\_households\_affected\_by\_monetary\_policy/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/AskEconomics/comments/z2ovr8/how_are_households_affected_by_monetary_policy/?utm_source=share&utm_medium=web2x&context=3) + +and this question from /u/magicbook: + +[https://www.reddit.com/r/AskEconomics/comments/qx0g5j/what\_can\_the\_fed\_cbs\_do\_about\_the\_inequality/](https://www.reddit.com/r/AskEconomics/comments/qx0g5j/what_can_the_fed_cbs_do_about_the_inequality/) +What are your thoughts on the possibility of a catastrophic housing market crash in Australia? + +Factors for: + +* Rising interest rates, pushing new purchasers to the limit and forcing over-leveraged investors to sell +* Government plans to drive up housing stock, leading to increased supply to match the existing demand +* Increased regulation resulting in tighter lending rules, locking Australians from accessing sufficient capital to make purchases + +Factors against: + +* A rapidly increasing population in Australia means that everybody needs a place to live and unlike shares which are not necessary, housing and home ownership are essential parts of our culture which will never go away +* Some people would say that keeping house prices high is good for individuals who currently own homes and/or investment properties (some of whom are in government and/or have significant lobbying power) +* Banks are lending on the assumption of an interest rate rise and many homeowners have paid off a significant chunk of their mortgage, have significant emergency buffers saved up and/or are able to cut back on living expenses to maintain their mortgages + +What are your thoughts on the future of our housing market? Is this a bubble about to burst or only the start of a massive boom? +I work in a plant and I will soon be promoted into a management position, so I'll be moving from hourly to salaried. At the moment, I work 8.5 hours with a .5 hour lunch. Salaried workers are expected to work from 7-5 daily with 1 hour lunches and in practice, no one takes the full 1 hour. + +Is it a red flag to have 50 hour weeks set as the minimum expectation for salaried workers? Would it make a difference if I worked from 7:30-5 with a .5 hour lunch? + +I've never been salaried and I honestly hate the idea that I'm expected to be there 50 hours a week minimum. + +Edit: Responses seem to mostly point towards make sure the pay is worth it, be willing to say no, and that this is a stepping stone to bigger pay. Don't let myself get bullied, and think about the long term career payoff. Thank you everyone!! +>Reporter: You lay this out in the annual report, a lot of retail investors are told that they should have a certain percentage of their portfolio in bonds. Maybe they're told 60/40, maybe they're told 70/30 stocks to bonds. That's something you should do and that's the safe way of doing it. What are they missing? + +>WB: *Some people should not own stocks at all because they get too upset with price fluctuations. If you're going to do dumb things because a stock goes down you shouldn't own a stock at all.* + +>Reporter: What are dumb things? Selling a stock because it goes down? + +>WB: Selling a stock because it goes down. If you buy your house for at $20,000 and somebody comes along the next day and says I'll pay you $15,000 you don't sell it because the quote is $15,000. You would look at the house or whatever it may be. *But some people are actually not emotionally or psychologically fit to own stocks, but I think more of them would be if you get educated on what you're really buying which is part of a business and the longer you hold stocks the less risky they become...* + + +Thoughts? Does he really mean only individual stocks, but people should still be invested in their company's 401K or other retirement plan? + + +Without stocks, people (I'm talking about US investors and retirees) are either dependent on SS, a pension (if they're lucky), savings that get eaten away by inflation or the generosity of a nonprofit/family. + + +[YouTube - CNBC](https://www.youtube.com/watch?v=lg9jPLoeWJc) +**Edit: Thank you all for your odd blend of calming and abrasive anti-check response, hah. I contacted the receiving institution who confirmed that they received the receipt yesterday. A month in transit. Wow.** + +**Thank you all.** + +Original: I’m a youngin who just started a new job and am rolling over my previous 401K. + +My former 401K managing institution sent me a check. I sent it with the rollover receipt via certified mail to the new 401K managing institution exactly as instructed. + +It never made it to its destination; I’ve been tracking it. + +Its last status is on the 27th of August, saying it’ll be ‘arriving late’ via USPS. I called my former 401K managing institution and they said the check had already been cleared. + +It is not in my new account. + +They submitted a request to get a copy of the cleared check and who cashed it then said it would be up to me to speak with the new institution on next steps. + +What steps should I actually be following here?? I have yet to reach out to the new institution and am very close to calling the police based on fraud. +But they will most likely make use of the platform. + + +With the price of Ether sitting around $840, the majority of people in this world will never own a full token. Sure they can own a fraction, but a full Ether will be too expensive. + + +Something that just struck my mind today. You guys are still early adopters. + +Ive seen a number of posts on here where people have had realitivy modest savings, yet have hundreds of thousands in crypto. + +Is this a true reflection of whats going on? + + I feel like Ive missed out on a gold rush, but don't understand how the average person has benefitted so much. +Previous post: [https://www.reddit.com/r/fatFIRE/comments/nttn58/follow\_up\_to\_faang\_vs\_startup\_post\_job\_offer/](https://www.reddit.com/r/fatFIRE/comments/nttn58/follow_up_to_faang_vs_startup_post_job_offer/) + +I wanted to close the loop on this series of posts, for anyone who was curious. I ended up taking a Dir Eng offer at an about-to-go-IPO startup (not the one I posted about in the post above). Their equity offer was good enough that my total comp there was more than at my FAANG role, so it was a relatively easy decision financially. I'm very happy with the move so far despite some turbulence in the stock since the company went public - the company is much more fast paced, the work is meaningful and there is relatively little politics (from what I've seen so far). + +I'd encourage people unhappily stuck in FAANG roles to look outside - there are many opportunities, though you might have to get to and reject a few offers before you find one that's financially reasonable. Good luck. +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! + +Good Morning Apes! + +Not to much expected out of today. Friday it appeared as if we had started to turn around with them selling out of a chunk of those ITM puts shortly before close. Only to then get slammed down with even more of them yesterday. GME's price should remain fairly stagnant until the MM sheds the Delta from those contracts and that pressure is lifted, probably towards the end of this week. As they begin to hedge for next weeks gamma exposure they will want to drop the puts, rather than drive the price up into them. + +To me this all seems like standard practice for them. The ITM puts are common when they want to drive the price down without effecting the borrow rate and a great way to get people to paper hand the contracts that present risk for them next week. When these windows come up they only have so many options to try to reduce exposure... + +1. Tank the price to create panic and get people to cash settle their contracts at a loss (August 5th) +2. Slowly raise the price to get people to cash settle for minimal gains (Nov 17-19) +3. Tank the price, then let it slowly raise to get people who held the dip to settle for penny's on the dollar in future value. (May 12-20) +4. Do nothing then cover all at once to shake loose the impatient. (Feb 24) + +This is why I emphasized the importance of far dated contracts because you don't have to participate in their psychological games, you simply wait for exposure and collect profits. This is also why weeklies are so dangerous because of their ability to manipulate the price in the T+2 or T+6 window leading into these periods of high exposure. + +This seems to be the case now as u/yelyah2 gamma sensitivity indicator is showing there is a discrepancy in the options pricing, meaning that the options market is valuing the stock far higher than the lit exchange. Mostly because the open interest on GME is out in January and February. Putting pressure on them to hedge those contracts and increasing their potential exposure. + +https://preview.redd.it/c0iyy1rcki581.jpg?width=2048&format=pjpg&auto=webp&s=0a6a3f4f31feaf5505897c3c1b385f47ff24d4f7 + +**You are welcome to check my profile for links to my previous DD, and livestream.** + +&#x200B; + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Nice climb back up after some of those ITM puts got sold off into the latter half of the day. GME picking up some fairly significant volume, almost 3x our 3month average. Closing back up almost $20 from our intraday low. I think we saw a little buy pressure from a Computershare batch order at market open and some effects from Friday's T+2. We should continue to be a little volatile after this point into the end of the week as the deleverage from those put contracts and start hedging open calls into next weeks ETF LEAP/GME Quarterly Exposure. Thanks for watching. + +\- Gherkinit + +https://preview.redd.it/0cvg2hwjxk581.png?width=796&format=png&auto=webp&s=b0c4b7ff2492ed65147bc74b0b8196e7543fb211 + +Edit 5 3:05 + +Finally breaking free of that long-term resistance several large open put positions are closing out. + +https://preview.redd.it/a7p7jvpgek581.png?width=1370&format=png&auto=webp&s=dca4f9a568758c1dc0c5f829d18c74b6a621544b + +Edit 4 12:37 + +Large orders piling up it looks like we are gonna rip ... + +Edit 3 12:31 + +Trend looks like it's beginning to reverse moving into the midday, there may still be some exposure from Friday's cash settled ITM puts that may drive some afternoon price action. + +https://preview.redd.it/xr8y0j26nj581.png?width=1396&format=png&auto=webp&s=eeb0949da4fa7e3b090f3b80778ac4de548c6a5a + +Edit 2 11:15 + +Failed the test at 150 and dropped down but GME still holding above VWAP we may see more volume come in as we move into the afternoon we are set up well for another test. + +https://preview.redd.it/4efvp2zr9j581.png?width=1394&format=png&auto=webp&s=ae36460bc362f1585b657d9808c9a62048c5aed4 + +Edit 1 10:15 + +Very nice volume for the first 45 minutes @ 2.37M already so of those put contracts being shed and what looked like a large number of retail buy orders at market open driving up price action (CS block order ?). Pushing GMe back up to that 143 resistance were we are beginning to consolidate. + +https://preview.redd.it/3p72lutsyi581.png?width=1413&format=png&auto=webp&s=453c26b7853c76ddc276e32150b9c7c4f81440a0 + +# Pre-market Analysis + +GME sliding a little further in the pm, down almost 5% on an impressive 104k volume. + +Shares to Borrow: + +IBKR - 150,000 @ 0.5% (yesterdays borrowed shares continue to be carried) + +Fidelity - 686,206 @ 0.75% (about 200k borrowed here) + +Here are the puts largely responsible for our price decline yesterday, it does look like they have started shedding some of the $150's, this is a concentrated an **UNSUSTAINABLE** push to the downside. + +[Almost $50m dollars in puts...all the confirmation bias I need to not \\"forget GameStop\\" lol](https://preview.redd.it/q2itgmydli581.png?width=837&format=png&auto=webp&s=1edb4325a781aaa368f8c114935b781cc32d67f7) + +[GME pre-market 1m ](https://preview.redd.it/5cxptagoli581.png?width=1411&format=png&auto=webp&s=b095336e8d9538989822698c63a59873936c7c7a) + +This constant slamming of the bid is also driving greater divergence in foreign market arbitrage, this spread is also unsustainable. + +[CV\_VWAP](https://preview.redd.it/ym0jdf95mi581.png?width=2449&format=png&auto=webp&s=acf410aff6a08c99e2cb305d7a0050f2fb023d5e) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Hello, there is constant talk about the unending crisis and overheating of the housing. The media and society keep discussing how the housing market is unaffordable and how there is a shortage of homes. + +I do not understand why we do not just build a significant amount of more housing, wouldn't this easily solve the problem? How come we do not engage in a massive project of building more houses? This would push down the prices by having supply exceed demand and allow affordability to return to the housing market. + +Is there a reason why we resist doing this? +Everyone likes to say that they know about economics, but very few actually do. I have an MA in International Econ and Finance from SAIS and an Econ and IR undergrad, and currently work in the IMF research division as an economist. I hear people all the time promote Federal Reserve conspiracy theories, to gold buggery, to central planning and tariffs, and it makes my head explode. How can I learn do deal with the massive amount of economic misinformation and stupid beliefs ut there? +Hi there! Today I had an interview and got a job working at a fast food restaurant for $8.50/hr. I have a savings account and I have my paycheck set up to pay out there. I know this is a really broad question, so sorry if this is the wrong way/place to post this. I plan on setting aside 10% of what I earn for giving/charity/etc. What can I do (if anything) at my current age to help myself in the future? What should I try to set aside for savings, etc. I'd like to have money to pay for gas/general stuff. + +thank you so much! + +EDIT: I'm eligible for a 401(k) after 3 months of employment +His main wallet: + +https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b + +And he has a few other ones too with several other million dollars in them. Wow. And he still posts on reddit, develops Ethereum each day, and does not flaunt his wealth in any way. +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! + +(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 wanted to share my most profitable strategy, one that happens about 2-3 times a week, and that can be used for both daytrading as well as swing trading because it identifies the stocks that are ripe for long term breakouts and provides the best entry point. + +The filter: +I simply scan for stocks that are above their 50 day MA and that today have crossed or touched their 200MA. +Next I analyze those candidates to find other pivots. The stock should also be just below a major resistance point. These then go on my longs watchlist. + +[See example](https://imgur.com/a/VBSc88X) (Ignore the last bar of the chart, that's today's trade.) + +The trade: +I watch for these stocks to open above or just under their major resistance areas. To enter a trade I look for an opening doji trigger. Meaning I look for any of my long candidates to make a doji as their first candle of the day at the 2, 3, 5, or 15 minute time frames, (it doesn't have to be a perfect doji, but it should be a very small body candle) if the next candle closes above the doji this is the confirmation, I enter at the next candle as long as its not dipping into the doji's range. My stoploss is at the doji's open. + +[See example](https://imgur.com/wQcvalT) + +Preferably there should be above average volume at the confirmation candle. + +Let me know if any questions! + +**Edit:** + +Target: For a swing trade I use the previous trading range as my target. For intraday trading my 1st target is 3R for half, then I trail the rest. + +Scanner: I use a simple custom scanner in TOS. See [this screenshot](https://imgur.com/a/PjlpY5X) for how's set up + +Guys, always do your own backtesting before trying any strategy. You will learn the most if you look at the top gainers of the day, find the ones that gained throughout the day (Not just gapped up and stayed flat), and see what patterns you find. You will see this opening-range strategy is quite common among these, the difficult part is to be prepared for them, so it's best to focus on only a few candidates, this is where the filter comes into play, but looking at pre-market movers will also give you good candidates. + +**Edit 2:** I have been asked a few good questions which i feel are important to add + +Why does this only work with a doji? + +I'm not saying it only works with a doji, I just like to use the doji for this strategy because I have noticed it work best with the doji open, perhaps with more study I will find ways to trade the strategy with other types of candles. + +Why does the doji work? + +Dojis mean the movement of the stock has not changed much despite thousands of transactions, they represent a tug-o-war between buyers and sellers. The way to tell which side has most likely won is with the breakout above the high or below the low of the doji. and like a tug-of-war, the winning side will have a lot of momentum when the other side lets go. + + Of course the only caviat, sometimes the breakout is not real, it's just a bigger doji, meaning that what was a 2 min doji can become a 15 minute doji with bigger high/lows (this almost always points to a ranging day). + +Why are you sharing this? + +First because it's useful, second because I hope some of you will come back with some tweaks and improvements to this strategy. +im saving and investing in indian stock market.. but looking at the overall depreciation of the Indian Rupee.. i feel im just doing a balancing act? my funds increase in value from my investment but if i compare it back to USD factoring in depreciation it just turns out to be very similar returns if i had just held USD in my account.. + +&#x200B; + +what can someone advise to hedge the loss we face due to depreciation? +I got a decent set of GCSE's (Whohoo!!!)... But I've suffered from crippling anxiety/depression and seizures (Seizures have fortunately been remedied with the correct medication. + +In an ideal world I would like to work with animals in some role, maybe even own an animal shelter/dog walking business. But wherever I look I just feel like I'm a million miles away from even knowing how to start to proceed in these sorts of ventures. + +I'd also like to be a firefighter but I've heard there are so many applicants that I've got a greater chance of winning the lottery. + +I wouldn't mind being a paramedic, but again this would require a degree & I need to be making money ASAP as I have a sick relative that counts on me. + +I've seen people suggesting that 'Web Developing' could be a field that could technically be possible without a degree. (But why would someone hire me 'hypothetically' if I've got nothing to show on my resume'?) Plus I'm an ignoramus It's a minor miracle that I can use Reddit without blowing up my laptop! + +Any opinions on the, '**7 Best Front End Web Development Certifications & Courses:'** [https://www.trumplearning.com/best-front-end-web-development-certifications-courses/](https://www.trumplearning.com/best-front-end-web-development-certifications-courses/) + +Worth it? + +The ability to work from home, or while travelling (without a shit-head boss) is appealing, I also have itchy -feet as I've lived in a run-down part of Britain for... well a lifetime. + +I'm completely demoralised & certainly suffering from 'status-anxiety'. The last job I had has now been taken over by a machine, literally, I was fired for giving an out of date sandwich (Which would have been thrown out) to a homeless man. One of my proudest moments. I would have joined the military, but my history of anxiety etc would bar me, unfortunately. + +&#x200B; + +Would any brighter minds than myself please offer me some guidance/advice? Anything with some possibility of career development & hopefully provides me with meaningful work so I can in-turn help others. + +&#x200B; + +* EDIT: I should add that I have been volunteering with different charities +* (The Cinnamon Trust: Help walk a sick or elderly persons dog(s) which is rewarding as I genuinely care about the people and the animals, +* A position at Bath City Farm (Nice community) +* I'm hoping to get selected to volunteer as an on-call- firefighter. (When I get my licence back (Have to wait a year before you can drive post-seizure + +*In the meantime I'm brushing up on my resume, reading, looking at potential UDEMY courses, meditating & browzing people's posts complaining about not getting 100k a year! :D (Why do I do this to myself!!?)* + +&#x200B; + +Thank you, I hope you're all safe & well. +I recently saw a post from r/DDIntoGME which had said that essentially, if the overnight reverse repo lending that's been going on keeps going in the same pattern it has been, it is going to start reaching its "maximum" amount of lending(500 BIllion) around Friday. + +I wanted to piggyback off of that post because it brought to my mind the question, "What would genuinely happen once it reached its maximum? Would the whole system go kaboom?" Well, to answer that question, let's try to understand the context here a bit first. + +In these reverse repo agreements, the FED is selling bonds to banks (which are presumably lent to HFs) which takes AWAY liquidity(cash money) from the market as the banks are paying cash for the bonds. This isn't necessarily a bad thing given the amount of liquidity that was added TO the market from stimulus checks and overall money supply being at all time highs. + +EDIT: Clarified on the liquidity part as it wasn't as clear + +What's causing the proverbial wrench in the gears here are that these hedgies are overleverged to the tits from not only shorting the treasuries bond market, but also having shit for mortgage backed securities in the housing market, and naked shorting a whole bunch of other stocks with unlimited leverage, with the pure intention of driving multiple companies to bankruptcy. + +Here's where it gets really bad: these banks and hedgefunds absolutely NEED these bonds as collateral because they have overleveraged so hard there aren't enough bonds to go around, most likely multiple times over; the FED is in possession of a lot of these bonds so by temporarily allowing banks to come into possession of them they can kick the can down the road, but what happens when the maximum amount of lending is reached? + +Let's walk through the process: + +1. As time goes on, theoretically either more counterparties would need bonds as collateral or the existing counterparties would need MORE bonds to post as collateral to keep kicking the can down the road and prevent being margin called. + +2. Someone gets margin called as they can't post enough collateral (theoretically bonds lent by the FED), causing a cascade of margin calls across the bonds market leading to a short squeeze of treasury bonds from liquidation. + +3. The liquidation of various securities (such as stock postions) coupled with the spike in treasuries bond price would lead to a stock market crash, leading to even MORE margin calls from overleveraged short positions(some even within the same firms that got margin called before, this is probably where Citadel would be in this scenario as they shorted both the treasury bonds market and meme stocks) + +4. Short squeeze of all meme stocks from forced liquidation as the tendieman cometh. + + +(This part is edited as of edit 3) +How soon would this be able to happen? Well, this still remains more of a theoretical unfortunately. Since after some kind redditors corrected me and I found out the 500 billion limit was for repo agreements only and that the reverse repo agreement is limited to 80 billion per counterparty (as of right now there is an estimated 7.2 billion per counterparty, read edit 3 to see why), it would seem there's a while before it gets to that point, IF it gets to that point. I doubt the FED would accept lending 80 billion per counterparty (there's 54 counterparties as of the most current agreement), so in my opinion I feel like the only way we see this happen is if someone gets margin called, or the FED stops accepting to lend as many bonds to counterparties. The more likely option, believe it or not is that someone (maybe a certain hedgie Citadel 😉) gets margin called. The FED doesn't really have enough of a reason to say "hey you look fucked and giving you bonds doesn't look like it'll help", so that would leave the margin call option. Given the other catalysts Citadel and co have to watch out for in the near future (T + 21 today, gamestop earnings, the shareholder meetings, how fucked they are in the housing market, the list goes on), I wouldn't be surprised if we see a margin call happen soon that would trip some wires in the bonds market and cause a short squeeze that leads to the MOASS. + +Hope this jumbled mess made some sense to you all, as I'm writing this now its about midnight so I wouldn't be surprised if I happened to make a couple of mistakes when writing this out. If anything, I'll hang out in the comments and make some edits along the way. :) + +Edit: people were asking about the source post I pulled the limit from so I've linked it below. Give that OP some love! + +Edit 2: I've seen some questions asking if cash can just be used as collateral instead for treasury bonds. Now, this may be wrong so take this answer with a grain of salt, but as far as I understand, you need treasury bonds as collateral to prevent being margin called from shorting treasury bonds. These are government bonds, which people have invested in with the idea that their money is safe and sound. If at any point they need to take money out of, say a 10 year bond, but all of a sudden the bond disappeared, thats ALL of their money gone.. and I doubt the US wants THAT to happen because of what it means for the US economy. + +Edit 3(Edited once again): There's some talk about the 500 billion cap being for repo agreements only and not reverse repo agreements, after researching more and some friendly redditors correcting me in the comments about it I saw that it seems like this is the case as the reverse repo cap had been virtually removed in 2013. The only type of cap I see is that there is a maximum of 80 billion per counterparty when it comes to reverse repo overnight agreements. Given there are currently 54 counterparties as of the latest agreement of 394 billion, there's an average of 7.2 billion per counterparty as of right now. However, I genuinely doubt the FED would accept lending 54 counterparties 80 BILLION each. That would be over 4 trillion used daily in bonds lent out. A margin call by other means would be more likely to happen in my opinion. + +Edit 4: I've seen a lot of questions asking if the FED would just raise the limit to try to kick the can down the road, and I don't think they would do that for a couple of reasons. The first is that I presume they have the foresight (unlike the greedy hedgefunds) to see that many people's finances are being put at risk so they would rather have this end sooner than later. That, and they stand to gain a lot from squeezing hedgefunds and liquidating. The main argument that comes to my mind is that when the MOASS happens and everyone gets their tendies they are going to be able to get some nice tax money off of that (a lot of rich people hide their wealth in offshore accounts so they don't have to pay as many taxes, so its good for some of this money to be in the hands of retail). + +Source post I got the upper limit from: + +https://www.reddit.com/r/DDintoGME/comments/nk9979/reverse_repo_overnight_lending_will_hit_the_upper/?utm_medium=android_app&utm_source=share + +FED links about the reverse repo/ repo agreements: +https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details + +https://www.newyorkfed.org/markets/rrp_faq +Hey everyone, I’m here with an interesting perspective on the current GME situation. + +Ortex provides a lot of data and a lot of it isn’t reliable such as short interest - because it is self-reported. However, some of the data is pretty solid there – such as shares on loan, share utilization, and float on loan – as these are publicly available and does not come from a self-reported source, making it something worth looking at. Of course, these are my thoughts as an individual investor, and this is *not financial advice.* Let’s take a look. + +# First, a picture: + +[GME is approaching 90&#37; utilization, a number not seen since the runup leading to January 2021.](https://preview.redd.it/tfm9ukgqzpf81.png?width=975&format=png&auto=webp&s=ef616400a3673751e866b60f8ccb712a2d25d4c1) + +Okay. What is this mysterious orange line here? + +**How Ortex calculates Utilization, from the Ortex website:** + +"The **ratio** between the *number of shares on loan* across all outstanding loans in the wholesale market and the *number of shares available for lending* at lending programs. 0% means that no shares have been borrowed or lent at these lending programs; **100% means that all shares available to borrow or lend at a lending program have, in fact, been lent**. This does not represent the number of shares listed on the exchange that have been lent, because not all listed shares are available for lending; it indicates how much of the supply actually available for lending has been lent." + +\--- + +# Let's take a look at popcorn, for comparison, as per usual: + +[Popcorn](https://preview.redd.it/p7jxg67h0qf81.png?width=975&format=png&auto=webp&s=e9b3e8de0e55d90f8fa2d233f89a194acb39bd80) + +Interesting. Key points: + +1. Utilization does not have such a sudden increase this time around +2. It did however have 100% utilization leading to the huge may spike. + +This makes sense, because it means no more shares can be borrowed to sell/short against the share price. + +&#x200B; + +Bringing it back to GME, this is some historical context on utilization: + +[GME Utilization 2020-Current](https://preview.redd.it/pbx41vo61qf81.png?width=975&format=png&auto=webp&s=0dd38d2fc197b7069cf78bff2e4bafaa9762c70f) + +A sustained 100% utilization occured during the steady runup following August 2020. This either correlated with, or possibly caused, an increase in price. Large buyins of investors like RC, DFV, and early apes, and recalls of large funds in anticipation of the 2021 shareholder vote may have been the cause for high utilization. Do note that there is a sharp decrease in utilization following each share offering, which makes sense because more potentially lendable shares are introduced into the market. + +But now here’s the catch. Usually, it would be expected that a higher utilization means that *more shares* are being lent, right? + +Wrong. + +# Here are the Shares on loan (Pink): + +[GME shares on loan since 2020.](https://preview.redd.it/nsrzf6qn1qf81.png?width=975&format=png&auto=webp&s=5452c95439b29b42a1025fc1d1fd449c2b56f137) + +Notice that there has been **no notable increase in shares on loan**, compared to pre-2021 or even the march runups, but there is STILL a higher utilization. Edit for clarification: Pink is shares on loan, pink bars are securities lending volume, both loaned and returned. + +# This can be due to two reasons: + +1. Investors (generally brokers/funds/institutions) are *no longer loaning their shares* (unlikely that this suddenly changed after December, although it is possible that large holders recalled shares in preparation for the upcoming votes), or; +2. **DRS is removing shares from these loanable pools**, *especially brokers,* and is thus ramping up the pressure yet again. As utilization goes higher and higher, it will get more and more difficult to obtain shares to loan and short. And GME may see another sustained price increase, no different than the one leading up to January. Jacked! + +*NFA, I am a retarded ape who lets a couple of the bananas in his bunch spoil before eating them because I always buy more than I should.* + +&#x200B; + +**Edit: On borrow fees;** + +https://preview.redd.it/3f353j8xfqf81.png?width=1029&format=png&auto=webp&s=bd5114df0d8ed662d5cd451dfe66f6e69fbe29ff + +Borrow fees are weird - they are the highest they've been for a while, but do note that Ortex shows cost to borrow in a... logarithmic? Scale. But yeah, it's inching back up along with this increased utilization. Nice! + +&#x200B; + +Edit: TA:DR; + +1. DRS let ape take banana back. +2. Take banana away from banana loaner and banana copy machine. +3. Banana borrower have less and less banana, start shit pants, cost for banana borrowing go up. +4. Similar thing happen before jan green dildo banana. +5. If big demand for banana start now (fomo banana, options banana maybe if you know them well) banana borrower in big trouble! +For the past 8 months, I have seen many many posts and memes stating that Doge will NEVER be viable, it will NEVER hit a dime, NEVER hit a quarter, NEVER hit fiddy cent, NEVER EVER EVER will it hit a dollar! So far, all I see for logic behind these statements is "unlimited supply"! So, I am wondering what other fact or information is used for these statements, which all been proven wrong? Are they, in fact, just "haters" trying to deflect our money to another cryptocurrency? Are they just false statements from someone a little salty that they weren't able to get in at a low enough buy in price? Or, is there some sort of actual logical info that can explain why it shouldn't do what it is doing? +KinkyKatApp is something I came across this week (After ended up the the telegram group) but after looking further into it and speaking to one of the devs I think it has real potential. + +Always DYOR, this is just my tip, what I will be investing in and what I think could get me my big return that I’m chasing. + +The project is called Kinky Kat and their website is [https://kinkykap.app](https://kinkykap.app) + +They are a Hentai and Cosplay NFT platform, with real images of their platform on their website. + +I’ve spoken to the dev in TG to ask some questions about marketing, as that is key, and he has shown me they have already paid for poocoin adverts and have some promotions on social media upcoming, things that I generally look for in a project that will pump. + +Their platform looks really good, from what I can see you will be able to buy and sell hentai/anime style adult NFTs using their KinkyKat token. + +They have good tokenomics, which works towards adding to their liquidity and increasing their marketing and also passing on some profits to charity. + +This sort of coin is booming at the moment, even in this crazy market we have had this week, the projects that have sold out on presale and pumped have all been similar adult based ones. + +This is just my advice, do your own research, but I recommend you get into their Telegram group which is called - [https://t.me/KinKatApp](https://t.me/KinKatApp) +They would likely get an FHA loan, so it'd be cheaper to gift them the 3.5% than sell through a realtor. They've lived there for awhile so I was thinking could do it through a rent rebate or maybe a rent to own situation? Does anyone have any thoughts or is this dead in the water? +This is game. it's over. The votes are counted and the mechanisms in place. it's over. + +It wasn't always certain, i actually think it was pretty unlikely at first. I believe citadel screwed up royally and had it in the bag but they got scared. They freaked, bought Plotkins absolute shit position that was a bomb. When they took away the buy button they shorted the absolute fuck out of it. They dropped the price too quickly and caused too many bag holders. When they smash the price like that people are way less willing to sell. Also they didn't calculate the etf reshuffle when the price shoots up either. They had a few missteps but damn was it close. No one fucking sold though. God damn just look at obv. Brilliant mother fucker you guys are. + +99.99% of companies would've quit by now but citadel will always hope that a brilliant talent will have a breakthrough tomorrow. just one more day. this one is fucking done though. + +What does this mean. TALK TO YOUR FUCKING BROKER. figure out how you want to play this. think of how possible outcomes might happen. figure out how you want to play those situations. figure out how your broker might fuck you. figure out how to fix it. you don't want the last price to be 11 mil but your broker trades your share for 250k. fuck that shit. call your broker. call them. and if you are robinhood get out! it doesn't matter if your shit will get tied up. it doesn't matter bc it will definitely be tied up at 11 mil. + +Also relax, we are standing in front of a giant firework. take a step back and watch the fucking show. shit is about to get weird. +For context, I own a house and drive a 14 year old, paid off car...so the question is more because I’m curious about the logic and the math. + +I regularly see posts where people want to buy a house because they don’t want to “throw money away” on an apartment. Obviously everyone chimes in and explains that it isn’t throwing money away because a need is being met. So, why is it that leasing a car is so frowned upon when it meets the same need as owning a car. I feel like there are a lot of similarities, so I’m curious if there’s some real math I’m not considering that makes leasing a car different than leasing an apartment. +So after months of searching, comparing and finally deciding I finally went in on a new car. It was a 2022 Hyundai Elantra, I slapped a deposit down and after over a month of waiting out finally arrived Saturday when I purchased her she only had 14 miles on the odometer. I took her home and parked her in my driveway, this afternoon I called up the insurance company and had her insured. Then while driving 5 miles to drop my wife off at her father's house to set up for an Easter dinner some kid was not paying attention (texting) and drove right into the back of me. He was accelerating downhill and struck my stationary car without every having breaked, he hit me hard enough to push into the other stationary car in front of me. + + My wife and I were both banged up but the x-rays showed nothing's broken just a lot of inflammation. I can barely move my left arm or turn my head, my wife's back is hurting her severely. We just got home from the hospital and I'm sitting here just trying to process. + +This car had less than 200 miles on the odometer, I haven't even payed the taxes on it yet. The police took all of our info, placed fault on the driver who hit me, but didn't issue him a ticket. I just don't know what do to, I have been in touch with my insurance and his insurance, waiting to hear back from his adjuster tomorrow. Can anyone here please advise me on what I can do? I need help. If there's a better place to post, just let me know and I'll move this post. + +Edit: Thank you everyone for your advice, I'll be contacting my lawyer when the office opens! + +Edit 2: It's the next day, I woke up and my left arm is still screwy there's a sharp pain there, the neck and upper back pain is present as well and in the night I guess my right hand got inflamed because I can't close it all the way, or open it without pain. My wife is complaining that her neck is what's bothering her the most. + +Edit 3: I'm amazed by how much everything hurts and how there seems to be no rhyme or reason for most of it. My left shoulder, my left tricep, my left thumb and index finger are numb, my right hand won't close, my neck and back are expected, but my left foot has two toes with bruising, my entire chest, I've been nauseated as well. There's just random jolts and pain everywhere. This sucks on a couple different levels. +Hello, + +Just about 3 weeks ago I was completely financially illiterate. I didn't know what an etf was, I didn't know what an index was, I didn't really know what a stock was.Since then i've decided to take responsibility and provide for my future self and learn. + +I'll be 31 this year, have about 3000$ to my name and live in sweden. + +What I really would like to ask for help with is strategy, im forseeing spending money on a car and/or downpayment for a home in the coming 0-5 years. I'll be investing 500-1000$ monthly. + +Should I...1 Put all I have into ETF's and withdraw from that when above mentioned expenses are needed + +2 Put all of it + monthly deposit into an high interest savings account untill the purchases are made and then start investing in funds for long term? + +3 Split it and invest some into funds and some into savings account? + +4 Something completely different(?) + + + +EDIT: Thanks for your input everybody, theres a couple of different opinions here but I definitely have a better idea of what to do now. + + +I've crunched the numbers and decided to spend it all on S&P 500 cfd's + + + + + +(jk) +Hi, I am in my early 20's and started investing approximately 2 years ago. My horizon is at least 20+ years. Recently I have been thinking about whether it is even worth trying to learn stock valuation and stock-picking or I shouldn't bother with that and just go full-on index investing and have a clear head and more time for other stuff. + +I know all the stuff like Buffet's bet against hedge funds and that 95% of investors (not to mention retail investors) don't beat the market. But I bet a lot of investors have that feeling that they can be the 5% beating (same feeling that I can be the one who beats casino). Do you fight with this feeling? How? + +The last thing is that I somehow feel that index investing is mundane and boring and that investing my money should be somehow more interesting. Do you also have that? How do you fight this? + +Thanks! + +&#x200B; + +edit: Thank you, everyone! You confirmed my opinion that it's easier to just index-invest and try stock-picking with a small amount of money and only when I want to and have time for that. I think you can go all-in index-investing and have time for normal life! +I've had a renter since Nov 2020, you can imagine that since then the increase an costs have been real, pool cleaning cost rise and my property taxes have me making maybe 50$ a month in profit after its all said and done and I raised the rent $50 Jan 2022. + +The good; he's a traveling construction PM who lives alone and is in the house maybe 50% of the year. The house is in the exact same shape I left it almost 2 years go. + +The bad; obviously I need to raise the rent. I think by at least $150 to get up to market rent+buffer for myself. + +Should I just hit him with the $150 incrase Jan of 2023 or keep creeping up to it. + +Thanks. +Two months ago, I ran what I thought was a fool proof strategy on selling far expiry TSLA cash secured puts. The sheer number of replies and private messages warning me not to do this, was mind blowing. If I did not take your advice, I would have essentially been facing bankruptcy. Thanks to this community for looking out for a random dumb internet stranger. Learnt more here, than from my friends who kept telling me, “TSLA stonks are ridiculously undervalued”. Appreciate all the support here for naive investors. +LEAPS are brought up quite a bit. Some people swear by them and others not so much. We know they are expensive. Have you ever wondered how they worked? + +I made this excel file back in July when I was doing research on PMCC. Most of these values were recorded on 7/26 and they are 1/23 leaps. Here are the results: + +Company Price Strike Delta LEAP Current Price LEAP + +AAPL 149.74 110 .81 45.6 164.45 58.93 + +XOM 57.79 50 . 7 9.8 77.7 28.33 + +AMD 92.05 67.5C .8 31.05 120.87 57.28 + +NVDA 193.76 137.5 .8 70.12 241.2 111.00 + +The gains on these are pretty substantial. XOM went from $980 to $2800! You can imagine the returns on NVDA and AMD when they were at 300 and 150 respectively. I had data from that time but I cannot find it. + +FB 372.77 280 .81 115.3 210.12 8.05 + +PYPL 306.85 230 .81 90.2 110.55 1.08 + +And this is what happens to LEAPS when the stock takes an absolute nose dive. It is quite painful. + +I thought some of you may find this information useful when considering LEAPS and PMCC. +I am here looking for advice. About me - + +I took an income share agreement loan to go back to school and switch careers 1 year ago. I went from making 39k to 59k. Now I make 80k and this amount requires me to start paying back the ISA. + +My spending in my 20s was out of control considering what I was making. + +The numbers in USD: + +ISA - 22k (0% interest) 525 monthly + +36 month credit consolidation loan - 16.9k (11.19%, or ~3k by the end of the term) 560 monthly + +Credit card - 5.7k (12.90%) 125 monthly + +Take home pay - 4.1k monthly + +Rent - 1.8k monthly, utilities included + +Groceries and eating out - 300-400 monthly + +I will have about 1k left over each month. I don’t drive so there is no car payment or insurance. I have student loans from college being paid by my family. Ideally I start to earn enough to take over these payments eventually. + +I have virtually no savings or a retirement plan. In the past year I have contributed to my employer’s 401k but obviously I am very behind. + +My main goal for the next 1-2 years is to continue increasing my income and begin investing for the future with a Vanguard (or similar) account. + +I live in a very HCOL, but I work 100% remote now. I could move back in with my parents (or to a LCOL area) and cut years off of this debt timeline, but this would be a massive sacrifice to my mental health and social network. I very much value living alone, and all my friends and family are in this area. + +Is it worth it to sacrifice my independence to be debt free much sooner? Does anyone have advice for a situation like this? + +Edit: a word + +Edit 2: clarifying my net worth in the title is negative +So a bit of backstory. in June of 2020, I bought a 2019 Toyota Camry LE for 16K from a dealership. It had 19k miles and was exactly what I wanted. My previous vehicle had been totaled in a hail storm so between that, and what I had saved, I only had to take out a 6k loan. I worked hard and had the 6k paid off in 8 months. + +I graduated in 2020 with a bachelors in computer science, and now have a remote job making 40k per year, which is pretty good for where I live. Even working through collage, and having 50% of my school paid via a grade based scholarship, I still have 28k in student debt. + +Then the Covid hits, and my loans are now on pause until spring. So I start to save, and manage to get 8k in savings. Also because of Covid used cars go up in value crazy high. My 2019 Camry I bought for 16k now is worth 26k even though it has 12k more miles and is 1.5 years older. + +So I sold it, and now have 34k in my money market account at .3% interest, but my only car it a old beater that need a couple hundred in repairs. + +The money from my car sale is in there (making $90 per month) until my student loans come due in May, then I will pay it off. Which will still leave me 6k to buy a decent car, if I save nothing. + +&#x200B; + +I am worried about the car market not going down, and having to buy back in high. Was this a smart move? What is your opinion? Let me know if I screwed up. + +Thanks! + +&#x200B; + +EDIT: + +Can anyone confirm my math + +10k profit + 40k wages - standard deduction of 12k = 38k taxable income, which is below the minimum threshold for capital gains taxes correct? + +also I will have a couple thousand in charitable contributions, so can I use that and the standard deductions? + +&#x200B; + +EDIT 2, I know my math on .3% of 29k is wrong +My wife and I are looking to buy a home in the new 2-6 years. Each year we will be able to save extra money from our jobs that will go towards the down payment. I know conventional wisdom states to store this money in a high yield savings account (HYSA) or bonds. However with rates so low and the fact our timeline is so flexible we would be willing to entertain more risky options. If our money was tied up in an investment that happened to be down in a couple years we are perfectly comfortable with waiting things out and delaying the purchase of our home. + +&#x200B; + +Is there any kind of investment/ETF/mutual fund that is slightly more risky than bonds or HYSA but comes with a slightly higher yield? Bonus points if its inversely tied to single family housing prices :) + + +Edit: Would a target retirement year 2025 or 2030 fund fall into this category of less risky than an index fund but more return than a CD or bonds? +With recent statistics coming out on the large proportion of households living paycheck to paycheck, I’ve been wondering exactly what this implies. + +I’m assuming it means that without your next income coming in, you would be unable to pay for the expenses you have going out. + +Wouldn’t this imply that these households have no cash or investments which are sufficiently liquid to cash out in a few days? + +It suggests a savings rate close to zero, but you can be otherwise wealthy and just use your income to break even on your expenses every month. In this case, I wouldn’t feel that wealthy households earning, say, over 250’000 USD would be making bad financial decisions. + +Finally, paying down a mortgage aggressively might means that you would need to wait for your next paycheck to break even, but you are building wealth in the process. When you sell, your equity turns into savings. +Last December i had to attend this shitty companywide sales thing. I did pick up one key nugget: The top 5 snacks people consume make up 80% of their snackfood spending. + +I go home, I look at my grocery lists, and sure enough, my top 5 snacks were easily over 80%of my snack spending. I'm not excessive... but it adds up! + +So i learned to make my top 5 snacks. Its stupid cheap! Rice Krispies = dead easy and cheap! Especially since i bought in bulk, stupid cheap. +Nature valley bars: stupid easy to make at home, AND better tasting, and deadly cheap! +Hummus: another stupid easy and cheap one. Under $0.25 for an entire week's worth of the stuff. + +Anyway, my grocery tab is down by a lot. + +I don't need to learn how to make EVERYTHING. I just learned to make the stuff I'm buying the most and that's good enough. + +HONEY BAR WITH OATS RECIPE aka Nature Valley knockoff bars: + + +* 2 cup of old fashioned oats +* additional, but SEPARATE 0.5 CUPS of old fashioned oats +* 0.25 cups of honey +* 0.25 cups of coconut oil +* 0.5 cups of whatever dry fruit or nuts you want +* 0.5 tsp of baking soda +* 1.0 tsp vanilla extract + +--- +Take the separate 0.5 cup of rolled oats and put them, dry, in a blender or food processor until it looks like flour. Once at a flour-like texture, add the baking soda and blend for a few second to bake sure its mixed in. + +Mix this 0.5 cup of "oat flour" into the 2 cups of old fashioned oats. Take a big spoon and really be sure its as even as you can get it. + +Add the honey and coconut oil. Then stir until ita like a dryish cookie dough kind of texture. + +Put parchment paper onto a cookie sheet. Then use your hands to get the mix into as flat a sheet you want the bars to be. + +Put this into a 350° preheated oven for 20-30 mins. + +Once you take it out, let it cool for like... 10 minutes. Then cut it into bars BEFORE it cools completely. + +These do well in foodsaver bags if you want to make a bunch of them all at once and store for later. + + +My Grandfather left my family a small fortune in real estate which includes a 45 unit apartment complex, two rental houses, and 7 small commercial rental properties. In my opinion this portfolio has afforded my family a lot but I feel like I’m the only one that realizes this. My mom and uncle are the ones who currently run the company and are in their 60’s. My uncle is tired of dealing with apartment renters and wants to sell. He thinks the money would be better invested in the stock market. I have told them multiple times that I would take over some of the responsibilities but in order to do so they would have to pay me a little each month. I think because of cash flow management they don’t realize the amount of money that we make and the potential we have to capitalize off of what we have and that we should expand our real estate holdings. Am I wrong? I think we could build this company into something that my generation could also benefit from for years to come and I’m extremely frustrated by the idea of them wanting to sell. The apartments are old and a lot of money goes into them but if the money was handled correctly I think it could net around $25k each month after expenses. It just seems crazy to me to sell off something that makes that much money and you own free and clear and out into the stock market. There’s no way you can make that kind of money and it’s more of a risk. +[https://www.nytimes.com/2020/12/02/opinion/eviction-moratorium-ending.html?action=click&module=Opinion&pgtype=Homepage](https://www.nytimes.com/2020/12/02/opinion/eviction-moratorium-ending.html?action=click&module=Opinion&pgtype=Homepage) +I just like to say how thrilled I am that with the recent influx of subscribers, the first impression they get of this place is people demanding so see a video of a guy clapping his own shit, and then a video of said man clapping his 'shit', only to be followed by hysteria and rage that it wasn't his real human shit and demanding punishment. Welcome. +I joined Reddit because of covid and the stock market. But was never actually on. Started to be on here 3-4 hours a day from when GME shot from $40-$400. You guys are the only community I am part of and have know. + +Yesterday. I had a question about my tax return cuz I messed up and had to pay a lot of tax. ( I figured it out myself and everything is ok now. Plz don’t ask about it lol) + +But before that I asked a simple question on an other subreddit and was ridiculed and belittled. They called me dumb and was so dismissive of my situation and only said “talk to a consultant”. Well yea if I had one I wouldn’t be asking them for advise. But even though I figured it out and updated them on what I figure out. They still called me dumb and downvoted me so hard. I felt sad and deleted my post and comments. + +BUT YOU GUYS ARE DIFFERENT!! and I love you guys for that. Everyone here actually walk the talk. Everyone here are so nice. “APE NO FIGHT APE” keep that up!!! No only have you guys not ridicule me and others’ dumb questions. But you guys answered our questions in a way that we and even outsiders can understand. And even break it more down when we ask for more clarification. + +I just wanna say that everyone here is so nice. And I love you guys. I just want to let y’all all know that. I appreciate all of you!!!! Stay hydrated and eat well my friends. +Here are some straight up unbiased facts: + +- Apollo bought Yahoo this year in a $5b deal: https://www.nbcnews.com/business/business-news/verizon-sells-yahoo-aol-businesses-apollo-5-billion-n1266132 + +- During/after the January sneeze, S3 Partners went on tv on a daily basis to report their daily update on estimated Short Interest (SI) for GME (I watched on Bloomberg, not sure if they also went on CNBC) + +- In early February S3 Partners changed the SI formula to make it ALWAYS show a number under 100% (something like: instead of *shorts/float* it became *shorts/[shorts+float]* which makes it mathematically impossible to go over 100%) right before the price started to tank + +- MSM used this new updated - significantly smaller - SI number to broadly claim shorts had closed, and the price tanked the following days + +Now on to opinions/interpretation: + +My take away from this ^ is that in January they controlled the narrative by controlling investors’ attention. They made us pay attention to the SI and then used it to justify that we should move on, as they claimed the shorts had covered. + +u/atobitt has exposed plenty of Apollo’s involvement and fuckery, so I won’t dig further into that - and guess what? **They own Yahoo**. If we started following this metric - float - as a way to monitor synthetic share count, we’re following the same steps of January. **We’d be letting them deceive us with a number that they can literally make up**. + +**TLDR: Yahoo Finance’s GME float seems to be corroborating there are multiple times the float - but don’t blindly rely on Yahoo Finance, it is owned by Apollo. If it were to become our main way of monitoring short interest, it can help them repeat the January fuckery.** + +They are desperate to control us and the squeeze, fuck them. Just hodl and let the company do its thing! + +Final note: I know at this point everyone is posting about this out of excitement. I think this was a glitch, *possibly* exposing the truth, but it could be nothing… My concern is that it becomes *a thing*, and we start posting/monitoring it daily. + +EDIT1: corrected maths, that’s embarrassing 😅 thanks u/ravenouskit +I’m getting the crap end of the 1099 stick. No unemployment if I lose the job, no workers comp if I get hurt, higher taxes…. + +I know the negatives to what my boss is doing, but what are the positives that I may not know about, aka, my rights? + +I’ve heard that if work is cancelled less than 24 hours before my next shift, or if my current shift is cut short that I should be compensated. Is that true? This happens to me semi frequently, we’ll run out of supplies halfway through a work day and have to go home early, not get paid, and miss the next day or two waiting for supplies to come in. + +I feel like there are things that would make this a bit more worthwhile and fair for me as a 1099 worker in Pennsylvania, but I’m unaware of them, and would appreciate any info. +Hello world 👋 +This week is looking great so far but remember: The price was way higher and it was way lower, we could fall back to > 100 US-$ and it would be fine! +I will hold my XXX shares and so should you, don't get too excited if we hit 300 US-$ soon...the price does not matter and shorts have to cover, that's it 👍 + +Current price "115 minutes in: 238.72 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting:                  241.72 US-$ + +5 minutes in: 243.12 US-$ + +10 minutes in: 242.45 US-$ + +15 minutes in: 242.39 US-$ + +20 minutes in: 242.20 US-$ + +25 minutes in: 242.33 US-$ + +30 minutes in: 242.08 US-$ + +35 minutes in: 242.02 US-$ + +40 minutes in: 241.96 US-$ + +45 minutes in: 241.84 US-$ + +50 minutes in: 241.72 US-$ + +55 minutes in: 241.17 US-$ + +60 minutes in: 239.82 US-$ + +65 minutes in: 234.69 US-$ + +70 minutes in: 236.40 US-$ + +75 minutes in: 239.88 US-$ + +80 minutes in: 240.07 US-$ + +85 minutes in: 239.15 US-$ + +90 minutes in: 239.15 US-$ + +95 minutes in: 239.46 US-$ + +100 minutes in: 239.46 US-$ + +105 minutes in: 239.09 US-$ + +110 minutes in: 238.66 US-$ + +115 minutes in: 238.72 US-$ + +The US-Premarket is about to open so that's it for today 🇺🇸 +I hope you all have a great day, thank you for the support! + +Let's give 'em hell today! +https://www.cnbc.com/2019/07/29/trump-hits-the-fed-again-ahead-of-rate-decision-this-week.html + +“The E.U. and China will further lower interest rates and pump money into their systems,” Trump tweeted. + +“In the meantime, and with very low inflation, our Fed does nothing - and probably will do very little by comparison,” he added. “Too bad!” + +The president has taken to lambasting the U.S. central bank for what he sees as its efforts to rein in the American economy, including four rate hikes in 2018. +**Join the telegram, devs are always available:** [**https://t.me/kilimanjaro\_community**](https://t.me/kilimanjaro_community) + +**Check the website:** [**https://kilimanjaro.finance**](https://kilimanjaro.finance/) + +**💵 BUY ON PANCAKE SWAP:** + +[**https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8) + +**\*** Set slippage to 6% + +================================================= + +**HOW $KILI WORKS?** + +Aggressive lottery token that applies a **5% tax to each transaction**. + +* 2.5% is automatically burned 🔥 +* 2.5% goes into the lottery pool. + +Since the release two weeks ago, **$KILIMANJARO** has rewarded holders with **more than 130.000 USD in $KILI tokens. 🤑** + +Now the devs are gonna add **500 KILI (currently \~1500 USD) to each daily pot** for two months, **ensuring at least another 100.000 USD worth of rewards!** + +The initial supply **was 1.000.000 tokens** and in **just two weeks** it has **burned 111k tokens**, leaving a **total of just 889.000 tokens**. Get in before it's too late! This is going to the moon! Take advantage of the dips after the lottery! + +The lottery is **automatically** **triggered every day** directly by contract and selects **three holders**. If the amount of $KILI tokens that the winner holds surpasses the reward received, they get the full reward. If not, the holder only gets 50% of the reward and the other 50% is burned! + +**The funds are automatically sent to your wallet.** + +To **participate in the daily lottery**, you **only need to buy and hold 100 KILI**. Once you've done that, you'll participate in the lottery as long as you don't sell. + +**🔒🔒 COMPLETELY SECURE 🔒🔒:** + +* [Audit by Solidity Shield](https://kilimanjaro.finance/documentation/audit.pdf) +* [Liquidity Locked by Unicrypt](https://unicrypt.network/amm/pancake/pair/0x6d38bc32c9bc4b3193f13ee03cee739a3edd3aea) +* [Dev and Marketing tokens locked by team.finance](https://team.finance/view-coin/0x865d0c78d08BD6e5f0db6BCbF36d3F8EB4ad48F8?name=KilimanjaroToken&symbol=KILI) +I put $850 into a commonwealth bank ATM at a commonwealth branch to deposit and the machine was counting the notes for over 10 minutes which was odd. Then all of a sudden the screen displayed "transaction cancelled" and my care was returned. However, the section where I placed my notes decided not to open and I had no way of getting my money back. I called them up, but they just told me that they will look into it and get back to me within 3 weeks. I'm so lost as what to do because I need the money soon to pay for food and bills. Any advice or help would be much appreciated. Thanks +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). +Debt bubbles are cyclical as are recessions. When economic times are bad, banks are stringent and very tight with who they will lend money too. When times times are good, they give zero fucks and lend strippers money to buy 5 houses (yes I'm referencing The Big Short). + +So if you can download an app and qualify for small loans without income testing, during a recession with income streams about to dry up (JobKeeper / JobSeeker) how much super shit tier debt is going to start failing all at once? + +I don't think this fails the day JobSeeker ends. I think a poor performance over the Christmas period with payments being missed beginning next year start showing the cracks in the armour before a cataclysmic failure. + +APT $40p Feb2021. + +I might add some legit research (charts with squiggly lines, debt quality info etc) to this post. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. 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Now your 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 daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your 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/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +First, a bit of information about my dad: We are european, he is around 50 years old. He is a matemathician and a teacher, so he is a knowledgable person. + +So, I was explaining to my dad the existence of these dark pools. + +Now, I didnt mention GME, citadel or anything concrete. Just pointed out their existence and how unfair it is. + +At first he didnt seem to believe it but after I showed him a Reuters article about it he was extremely surprised. + +He had no idea this could even possibly exist. + +Essentially what I wanna say is, people know crime when they see it, we just need to show them it exists first. +tl;dr Through a series of fortunate events, I hit $100k at the age of 28 on a modest salary, SINK. + +I've always been decent with saving money, I attribute a lot of that to my parents. I didn't realize how frugal they were until I started making my own money. + +I graduated in 2014, with a degree in mechanical engineering and not a clue what I was going to do with it. Fortunate break #1: I was able to graduate debt free thanks to my parents and somehow didn't come out an entitled twat. + +&nbsp; + +**August 2014 - NW: $2.7k** + +I started working at a consulting firm with a salary of $52k with overtime available. This is in a LCOL area which explains the average salary. Fortunate break #2: I was able to "house sit" a friends house who had relocated. I was living rent free and only paying for my internet. At the time I really didn't know much about personal finance, I just kept shoveling money into my savings account. I was a bit loose with my spending and ended up just shy of $25k after the first year of work. + +&nbsp; + +**August 2015 - NW: $24.7k** + +I still had some wanderlust in me from college and left the company on a good note. I headed west to a very HCOL area give the big city life a try. I struggled to find work within my degree but stayed afloat with an interesting job none-the-less. I wasn't getting paid as much and participating in a hell of a lot more "experiences" than before. Ultimately it was a learning experience and a very fun hiatus. + +&nbsp; + +**August 2016 - NW: $18.4k** + +Fortunate break #3: I get a call from my old boss, he's got a new position with my name on it. After some pro's and con's lists I take him up on the offer for $56k. + +Fortunate break #4: Friends house was still on the market, more "house sitting" and free living for me. This is when I took a deep dive into personal finance and discovered this sub. I started contributing a little to my 401k. + +&nbsp; + +**January 2017 - NW: $21.8k** + +I made it a goal to really take advantage of my situation and over the course of the year I was able to max my 401k, open and max my Roth IRA as well as my HSA all on a $58k salary. This obviously wasn't sustainable but I'm proud I did it. + +The guilt finally started to hit from living the moocher lifestyle though. I started house hunting mid year as it was honestly a wash between a mortgage and rent. In December I finally found my "dream house" for $120k. Dealing with all the shit in the Midwest does have its perks. + +&nbsp; + +**January 2018 - NW: $47.4k** + +I had to dial my 401k contributions back since I had a mortgage to pay for as well as all the other new fun expenses that come with an old home. I was still keeping a decently tight budget and still saved a good chunk of change and finally started to see noticeable gains/losses (thanks December) that weren't contributions. + +&nbsp; + +**January 2019 - NW: $73.7k** + +Same old same old, salary at $62k, cut back 401k contributions a bit more as I plan on replacing my 15 year old vehicle within the next couple years and would like to beef up my Efund a bit before that. + +&nbsp; + +**June 2019 - NW: $101.3k** + +[The pretty chart everyone likes to see.](https://imgur.com/Fkaf7XK) + +Thanks to a solid market and a bonus, I hit my first major milestone. Some notes on my finances: + +* I include my equity in my net worth since I track the mortgage as well. NW = (Liquid + Retirement + Hard) - (Liabilities) + +* The hard asset is just what I bought the house for. I don't track the appraisal value month to month so obviously my net worth could be more or less. + +* I hold 100% equity across the board, all US total stock that tracks the S&P. I like to think I'll be level headed with a massive drop in the market, I guess we'll just have to see. I plan on adding in bonds in my early 30's. + +* I realize my salary isn't growing wildly but I get decent bonuses and started picking up some overtime to bump it up. + +* I currently track all my finances manually with excel. I enjoy entering the numbers at the end of each month and I don't trust Mint or any other free tracking software. + +* Looking at the graph, I would probably be closer to $150k if I hadn't moved for a year and spun my tires. I don't regret this regardless. + +Personal stuff: My major hobby expenses are video games, although I'm hoping to not spend as much on my next computer upgrade. I don't plan on having kids, I'll leave that to my brother and just be the cool uncle. No idea when I want to retire, before 55 is the current goal. Next big target will be $250k, hopefully I'll get there in the next 3 years! + +I definitely wouldn’t be here without the help of a lot of people and these subreddits. There was a thread earlier that mentioned how privileged a lot of us are here, and I realize I’m in that boat as well. Thanks all for reading, feel free to ask any questions. + +**Edit:** I track everything in google spreadsheets, used excel to create the chart as spreadsheets was a bit lacking in that department. + +**Edit 2:** [My spreadsheet for those that asked.](https://docs.google.com/spreadsheets/d/1mZgCQmZfG26afAI1nHOp32OdhN48KX1O2kKBPDz3wME/edit?usp=sharing) I cleaned up the values. I only enter data for the row titles highlighted in light blue. The rest is calculated. I'm pretty sure I pulled the basis of this spreadsheet from someone here a couple years ago. Getting the chart to work is a bit weird since I opted to enter the data in reverse. Also I made the chart in the post on Excel in order to place the data points. Should be able to create a similar one in spreadsheets though. +**tl;dr my dad wants to use my name for a mortgage application and i'm wondering if this will hinder my plans to buy my own property in 5 years time/negatively impact my financial future in any way.** + +I've never bought a home before, I'm currently renting a room in a shared house and saving as much as possible so I can one day buy my own place. If I keep saving the amount I am today, I'm projected to reach my target goal of a 30% deposit to buy somewhere on my own, within the next 5 years. + +My dad (60y/o) wants to buy a property this year, he has a 40% deposit saved and would like me to take out a mortgage to cover the remaining 60%. He believes it will be better for the mortgage to be in my name because 1) his age means he is too close to retirement to get a mortgage approved and 2) he thinks this will be something I inherit one day so it's better for it to be in my name. He currently owns no other properties and he plans to live in the property while paying off the mortgage. + +I'm worried this will have some negative future consequence when I come to buy my own place, he doesn't seem to think there will be. + +I'm basically doing him a favour but I don't want this to negatively impact my financial future, is there anything you know of that I should be aware of while entering into this arrangement? + + +*\[In the flowchart I am step 5 - saving for short term goal\]* + +Edit: thank you so much for all your advice! I’m overwhelmed by the number of people that have reached out to share their experiences in this thread. I’m slowly reading through each comment one by one to try make my decision. +>**1.** The existence of exchanges has made Bitcoins core claims completely irrelevant. + +>**2.** it is, at best, a toy. in reality it's a massive disaster. to people who were scammed. to the environment. to victims of ransomware. the list goes on and on. right now a million crypto bros are dreaming up ways to do even more harm. and most damning of all, this is for absolutely nothing. there is no problem that a blockchain can solve that isn't better solved by something else. + +>**3.** You guys ask this shit every day, it gets so god damned old. You guys are so fucking obnoxious I can't stand you. + +>**4.** Simply put, crypto is nothing. It offers nothing. provides nothing. it is people speculating on the value of nothing being worth something but in the end it’s.nothing. if you held a jar of a hobos dick cheese in your hand, you have something more intrinsically valuable than any amount of crypto. at least you have a jar which has its uses. For a bunch of people who think this is the mega game changer, they sure are spending a lot of time online, advertising money, and paid celebrities to try to convince us how amazing it is. Yet I don’t see the mass adoption 13 years later + +> **5.** What interest rate would you charge for a 30 year mortgage lent out in any non-stablecoin of your choice (because at best, stablecoins are only meant to mirror their pegged currency)? If you can't give me an interest rate that approaches rates used today, then your currency will never (and **can't** ever) be adopted as a true currency. If you're just using it to gamble, then gamble away. Just don't make any allusions about a possible future of actual adoption. + +>**6.** There would be no bitcoin in the madman future someone is preparing for. Unfortunately that's against and old argument for crypto. They keep changing their 'purpose' usually it contradicts itself and there is a new 'purpose' everyday. + +>**7.** Volatility makes it useless. If I gave you $100 in BTC and it tanks in a day, I did well and you did not. Or the opposite and it goes up. Someone always loses in the transaction. It’s up and down so much even a few percent in a matter of hours. Sure that’s not a big deal for $20-$50 but it is if we’re talking thousands. My “fiat” doesn’t change that much that quick. + +>**8.** Because it's a negative sum Ponzi/pyramid hybrid scheme that has absolutely no real world value. + +>**9.** It’s just like fiat cash, only way less secure, far less convenient, and with unbelievable teller fees.It’s a solution in search of a problem. + +>**10.** My top argument is Crypto is reinventing what we already have. Fractional reserve banking = stablecoin. Fast transactions (lightning) = Visa. Distributed ledger = database Exchanges = banks. Carbon converted to CO2 en masse = mining. + +**This Subs Top responses (after 24hrs)** + +**1.** +>Although 90% of people are still incredibly ignorant when it comes to crypto I admit some of the arguments arnt exactly a million miles away from reality. The space is unfortunately awash with scammers, ponzi schemes and just dogshit tokens with no utility. Maybe we need another crypto winter to wash all that shit down the drain with the rest of the turds. + +**2.** +> if you held a jar of a hobos dick cheese in your hand + +wasn't expecting to see this in an argument against crypto today but here we are + +**3.** +>3. You guys ask this shit every day, it gets so god damned old. You guys are so fucking obnoxious I can't stand you. + +This is actually a veiled critique of the Bitcoin consensus mechanism, and questions the repetitive nature of proof of work. + +**4.** +>Big fan of answer number 3 😂 + +**5.** +>I feel like #3 has some merit. + +**6.** +>5. What interest rate would you charge for a 30 year mortgage lent out in any non-stablecoin of your choice (because at best, stablecoins are only meant to mirror their pegged currency)? If you can't give me an interest rate that approaches rates used today, then your currency will never (and can't ever) be adopted as a true currency. If you're just using it to gamble, then gamble away. Just don't make any allusions about a possible future of actual adoption. + +He's actually not wrong with this criticism. + +>4. Simply put, crypto is nothing\[...dick cheese...\]. Yet I don’t see the mass adoption 13 years later + +I don't think anything disruptive technology had mass adoption within 13 years, ever. First car was manufactured in 1887. Mass adoption came 20+ years later with the Model T in 1908. Internet was invented in the 1960s. Computers in the 50s. Mass adoption didn't come until mid 2000s. First smartphone was invented in 1992. Blackberry's and iPhones didn't see mass adoption until the mid-to-late 2000s. 13 years is a very, very short time, and adoption is growing every day + +**7.** +>I don't know how crypto is "freeing" anyone or whatever. + +**8.** +>A lot of these arguments are spot on. 99% of people buy bitcoin only to be able to flip it at a higher price. It doesn't have intrinsic value as an asset. It also isn't being used like a currency like fiat is. + +**9.** + +>The dollar still rules. You don’t spend any crypto and if a business does take it, they convert it to cash and all you did was spend more on gas fees. So crypto is more like a commodity. It is only worth something because the community says so. + +**10.** +>I have been in crypto for about 7 years now. No lies detected in those 10 points. +Hello Great Apes of the world! 👋 Today's dip has tested our resolve, and we have exceedingly passed the test. The FUD machine was turned to the max. Nevertheless, Apes held. Apes bought. Apes sustained ourselves on God-Tier DD, Elliot Waves Theory, Exponential Floor, and Ortex share counts. Let us now gather and watch low-frequency updates from a single German exchange as we prepare for the US pre-market to open! + +###🚀 Buckle Up! 🚀### + + +- 🚀 [US pre-market is open!](https://finance.yahoo.com/quote/GME/) 🚀 +- 🟥 120 minutes in: **$232.93 / 191,43 €** +- ⬜ 115 minutes in: $233.06 / 191,52 € +- 🟩 110 minutes in: $233.06 / 191,52 € +- 🟩 105 minutes in: $232.30 / 190,90 € +- 🟥 100 minutes in: $231.51 / 190,25 € +- 🟥 95 minutes in: $232.14 / 190,77 € +- 🟥 90 minutes in: $233.33 / 191,75 € +- 🟩 85 minutes in: $233.42 / 191,82 € +- 🟩 80 minutes in: $233.27 / 191,70 € +- 🟥 75 minutes in: $232.78 / 191,30 € +- 🟩 70 minutes in: $234.03 / 192,32 € +- 🟥 65 minutes in: $232.75 / 191,27 € +- 🟥 60 minutes in: $232.84 / 191,35 € +- 🟩 55 minutes in: $236.43 / 194,30 € +- 🟥 50 minutes in: $234.43 / 192,65 € +- 🟩 45 minutes in: $234.46 / 192,68 € +- 🟥 40 minutes in: $234.30 / 192,55 € +- 🟩 35 minutes in: $234.67 / 192,85 € +- 🟩 30 minutes in: $234.12 / 192,40 € +- 🟥 25 minutes in: $232.93 / 191,43 € +- 🟥 20 minutes in: $233.30 / 191,73 € +- 🟩 15 minutes in: $233.94 / 192,25 € +- 🟥 10 minutes in: $226.70 / 186,30 € +- 🟩 5 minutes in: $238.96 / 196,38 € +- 🟩 0 minutes in: $236.65 / 194,48 € +- 🟥 US close price: $220.39 / 181,12 € *($230.50 / 189,42 € after-hours)* + + + +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.216847. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +I'm not trying to permanently take over this tradition, just keep it going for fun on days when u/DerGurkenraspler doesn't start the thread at the normal time. They have been unexpectedly absent recently, but I will gladly bow out of this role when they resume updates. + +Many apes are concerned for our German friend. While I have not heard directly from u/DerGurkenraspler, I have heard from someone who had been in contact with them previously that it seemed likely that they are okay, but have some external factors that they need to focus on. +My manager has announced that she will be going on maternity leave in a couple of months. As I am the next senior person in the team, it's possible that I will be asked to take on her role while she's away (probably for around 6-9 months as she isn't planning on taking the whole year off). If I am offered the role, I was thinking about asking for a pay rise as I would effectively be the team manager. Am I entitled to do so seeing as it would only be for a few months? If I do ask and it is approved, what would I expect to happen to my pay when she returns, and I (presumably) return to my normal role? +Bought my first bitcoins at $255 in November 2013. Have held and continued to dollar cost average since then. In the spring, my wife and l will be moving into a swanky Manhattan co-operative thanks to Bitcoin. + + +My entire life is changed thanks to that fateful decision in the fall of 2013. I just wanted to celebrate this moment and to say a HUGE THANK YOU to all the hodlers, coders, memers, and believers in Bitcoin! You all rock!!! Couldn't have done it without you! + +P.S. + +For those wondering, no, I'm still not selling any yet at this price. +TL;DR: The title. + +\-----------------------------------------------------------------------------------------------------------------------------------------------------DRS & Chill + +§0: Preface + +§1: DRS vs Options \[Slow and Steady Wins the Race\] + +§2: Staying Zen + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**§0: Preface** + +After my prediction on RC's BBBY calls got invalidated, I figured I'd just go back to the basics on why, at the end of the day, all that really matters is [DRS](https://imgur.com/a/T7oZiH8) and chill. I'm actually personally against setting dates and things like that, but I was willing to make an exception in this case primarily because I genuinely believed RC's call options expiry were an indication of a MOASS soon (also, because it was less than a date and more of a timeline). I mean, MOASS can still very much happen this year; there's still the stock split dividend that international regulatory agencies are still reviewing to determine what course(s) of action to take to ensure their brokers received the proper additional shares in the form of a dividend (instead of an internalized split). There's other factors as well that indicate a potential MOASS this year, but that could be wrong as well, and if so, I'd have to pay up. + +https://reddit.com/link/wwjebh/video/spgwm2x1inj91/player + +Before I transition to talking about DRS, I wanted to briefly go over what I think happened with the BBBY situation. I was looking back at seeing where I went wrong with my prediction, and nothing was adding up. [RC tweeted in support of BBBY](https://twitter.com/ryancohen/status/1558101541453795329?s=20&t=E0biMuNsYK_9DGp4n5PvHA) only to sell his entire stake a few days later. None of it really makes sense...unless you look at it from a different perspective: + +1. If you look at [RC's letter to the BBBY Board](https://s.wsj.net/public/resources/documents/bbbletter030622.pdf), on page 3 we see that RC wanted BBBY to "evaluate a full sale to a well-capitalized acquirer". +2. After RC sold his entire stake, BBBY stated they were "[pleased to have reached a constructive agreement with RC Ventures in March & are committed to maximizing value for all shareholders.](https://www.webull.com/news/52523835)" +3. All 3 people RC had appointed to the BBBY Board specialize or have experience in mergers & acquisitions. +4. If you look at the [Cooperation Agreement](https://www.sec.gov/Archives/edgar/data/886158/000114036122011120/brhc10035704_ex10-1.htm) RC had with BBBY in March this year, on pages 6-7, you'll see that RC was restricted for proposing or offering any sort of merger or acquisition for 1 year, as long as he held his BBBY stake. Only way to make this contract void was to sell his entire stake. Now that he sold the stake, he'd be legally able to, or have any entity he's connected to, acquire/merge BBBY in the future. + +Remember that this is still a speculative theory, but now that I look at it from this perspective, it makes a lot of sense. RC is a good man—he's not some elitist asshole that rugpulled Apes for a few milly. None of that made sense, so I knew that there was definitely something going on behind the scenes of his decision, and this seems to be the most feasible explanation. When would a merger/acquisition happen? Not sure. Not really interested in making a DD about it (also, I've gotten a lot of heat for making DD about basket stocks in the past in SuperStonk, so I'd rather just leave that to other Apes😅). + +That being said, let us transition to a fun story! + +**§1: DRS vs Options \[Slow and Steady Wins the Race\]** + +https://preview.redd.it/8ybkd125inj91.png?width=1440&format=png&auto=webp&s=b3c303ae8e8f320a1a478562347db3c9d571b2cb + +https://preview.redd.it/3jwjrma6inj91.png?width=1440&format=png&auto=webp&s=162412f22c093830577b8afddc1c7c68bd04e6d3 + +https://preview.redd.it/898lvwu8inj91.png?width=1440&format=png&auto=webp&s=e527f36427952d20e5b25d1772b128e0976e340b + +https://preview.redd.it/o25hj9gainj91.png?width=1440&format=png&auto=webp&s=231ef95dfb31b237bee3b705b65b3ada36be5bd4 + +You might have heard in the past that options are what caused the Jan 2021 run up, or that it would take very little money to start MOASS if Apes played options, or even that options are the way. This isn't true at all. As a matter of fact, quite the opposite. + +Now, don't get me wrong, I used to play options all the time with other stocks (I've even met the family of the guy that won the Nobel prize for the Black-Scholes model), but GME is a completely different beast. Options aren't good here, neither for yourself nor MOASS. + +And contrary to popular belief, options didn't start the Jan 2021 run up. + +How do we know this? From the SEC Report on GME: + +"Another possible explanation could be a “gamma squeeze,” which occurs when market makers purchase a stock to hedge the risk associated with writing call options on that stock, in turn putting further upward pressure on the underlying stock price. **As noted above, though, staff did not find evidence of a gamma squeeze in GME during January 2021.** One of the main drivers of a gamma squeeze is an influx of call option purchases, which causes market makers to hedge their writing of the call options by purchasing the underlying stock, driving up the stock price in the process. While staff did find GME options trading volume from individual customers increased substantially, from only $58.5 million on January 21 to $563.4 million on January 22 until peaking at $2.4 billion on January 27, this increase in options trading volume was mostly driven by an increase in the buying of put, rather than call, options. Further, data show that market-makers were buying, rather than writing, call options. These observations by themselves are not consistent with a gamma squeeze,"-pg.29 of [GME SEC Report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf). + +I've stated many times in my past DD, it was not a gamma squeeze or short squeeze that caused the 2021 run up (shorts didn't close). It was a massive amount of FOMO that overtook the algorithm and led to an uncontrollable run that SHFs only regained control of by having brokers shut off the buy button, and piling up on a boatload of short positions right before and during the shut down of the buy button. + +And the argument that'd it'd start MOASS is bad as well. There was that whole "we could start MOASS with only $100 million if we all buy call options that match the float". Firstly, no, SHFs see everything that goes on in these subs. They'd know it's a bluff and not hedge, because they'd know very well that nobody would have the money to actually exercise the calls. Secondly, nobody exercises the calls, lol. At least, very few people do, so the shit's not gonna get hedged. Lastly, they'll have some loophole to get out of it. If they know they're going bankrupt if they hedge the calls, they'll find another way around it, one way could be by having brokers deliver IOUs in case the calls get exercised. So, none of it matters. If anything, it'd probably get pushed by SHFs who'd buy tons of calls beforehand in the hopes that Apes also purchase the same calls and increase the premium, so that they can sell said calls and make bank. + +What about for yourself then? Why don't you just buy call options for yourself and make bigger gains during MOASS. Well, because, considering what we know, it's not the optimal decision, especially if you're risk averse. + +We can simulate possible scenarios and determine which would be better by getting the expected value (which is basically a predicted value for a decision). + +Here's my simulation and results: + +https://preview.redd.it/5j3bufxdinj91.png?width=1001&format=png&auto=webp&s=50f5b66394c3c3aa27f253438a7221dbfccf7445 + +Should note that this is just a general model, not meant to be precise or accurately take all variables into account of what will happen in the future. Also, this simulation is most accurate in real life when replayed countless times. Since MOASS will only happen once, it makes the options gamble even more risky than illustrated. + +Now, I was assuming ITM options or ATM options for this EV simulator. You would have to do an extremely OTM options play to raise the EV, but then you substantially increase the risk of losing not only any profits, but also losing your entire initial investment as well. Even if the expected value for options was 2x the expected value for DRS, would it be worth it to gamble your future for a 2x higher expected value when you would still obtain guaranteed, safe/secure generational wealth via DRS, which is also helpful to the community? + +According to an Option Expiration Report from the Chicago Mercantile Exchange, 76.5% of options expire worthless ([source—page 3 of the CME report](https://studylib.net/doc/7532259/cme-options-expiration-report)), so that's where I got my figure. + +I just assumed that 20% of brokers will go bankrupt amid MOASS, which I figured was a fairly modest estimate, considering the statistical data I've seen about what could happen to brokers during MOASS. + +For example: + +IBKR's probability of bankruptcy is [39%](https://www.macroaxis.com/invest/ratio/IBKR/Probability-Of-Bankruptcy) + +https://preview.redd.it/hb72xg1finj91.png?width=971&format=png&auto=webp&s=ef1c3ba68ff6e671364ec46c232d373dde0bf1d1 + +Charles Schwab's current probability of bankruptcy is [48%](https://www.macroaxis.com/invest/ratio/SCHW/Probability-Of-Bankruptcy) + +https://preview.redd.it/1v15i4gginj91.png?width=983&format=png&auto=webp&s=e3918b778ce64d2ce8e8bf4a18d32041544b216f + +E-Trade's probability of bankruptcy is [39%](https://www.macroaxis.com/invest/ratio/ETFC/Probability-Of-Bankruptcy) + +https://preview.redd.it/90norqmhinj91.png?width=957&format=png&auto=webp&s=98cc4af055ba7448bda7f2a350b0c77965079ba8 + +Just to name a few. These probabilities will be playing a very big role during MOASS. We saw how quickly Robinhood was gonna go bankrupt, and GME didn't even hit 4 figures yet, so you can imagine the "waves of bankruptcies" IBKR Chair Peterffy was talking about when MOASS comes. + +So, you really have to ask yourself if it's worth it. We're going to be getting generational wealth either way, so why gamble for a few extra nickels in the grand scheme of things...especially when the risk of losing it all is so much greater? The fact of the matter is that it's just not worth it. + +**§2: Staying Zen** + +I'm gonna be honest, and this will be a tough pill for many to swallow, but most of the shit being pushed as catalysts in the sub don't matter. FTDs aren't going to start MOASS. That shit will just keep getting can kicked (or SHFs will use loopholes around them). We never relied on MOASS starting because of FTDs anyways. + +TA is (for the most part) hot garbage. TA just predicts natural price movement, but nothing is natural about GME's price movement. It's all algorithmically controlled, so if you wanna analyze patterns, you can try to analyze the algorithmic patterns, but even then that can just get recalibrated. The only TA I can think of that's ok for GME is utilization (which isn't really TA, just an indicator), DMA/DMI (which is moreso algorithmic than TA), and possibly the Golden Cross (which would only indicate something possibly happening many months out, not immediately). Maybe there's a few other one's, but most TA, like the stuff about redrawing triangles and 'natural' patterns like inverted head & shoulders or bull flags is useless, and most certainly won't be responsible for MOASS happening. + +https://reddit.com/link/wwjebh/video/hx8vp2tminj91/player + +You really don't need to worry about TA or anything trying to indicate MOASS within a few weeks, because in all honesty nobody really knows. The short-term is variable. We have no idea what may or may not happen in the short-term. It's the long-term holders that are secure. When you Buy, Hold, & DRS, your ownership is perpetual and unabated. + +So, that's really it. DRS and chill. + +My [Burning Cash DD](https://www.reddit.com/r/Superstonk/comments/v0zrni/burning_cash/) and [Checkmate DD](https://www.reddit.com/r/Superstonk/comments/txnwhu/checkmate/) already explain very well the power of DRS. Every share DRS'ed is 1 more that SHFs can't use against us. + +As the float continues to get locked, it becomes progressively more difficult and costly to keep the price down, as we have seen with CTB rates and Citadel already burning through billion of dollars this past quarter. + +I doubt we'll ever get the entire float locked before MOASS starts, or even the free float for that matter. If the free float gets locked, every outstanding share will have been accounted for and de facto observable, including the institutional shares that are recorded on the SEC 13-F Form. But even if MOASS didn't happen before the free float gets locked, then full float can be targeted next. Not a big deal. But, by then the pressure will be too extreme for SHFs to continue this charade. It's my belief that the DOJ will intervene before the free float gets locked and the entire synthetics shitshow gets exposed. They announced they'd investigate certain SHFs involved in shorting GME immediately after GameStop began announcing DRS numbers. You also just saw institutional selling not too long ago. Perhaps we can expect much more of that when we're around 80-90% of the free float locked, for obvious reasons. + +Billions of dollars (over $2.5 Billion, to be precise) in registered GME shares this past year alone has been added towards locking the float. Has anyone really sat down and thought about how insane that is?! + +According to [figures from the IMF & UN](https://worldpopulationreview.com/countries/countries-by-gdp), Apes DRS'ed more money from GME shares than the GDP of over 30 countries globally, some of which include: Belize, Lesotho, Gambia, Bhutan, and Central African Republic. Considering how quickly shares have been getting registered, according to [computershared.net](https://computershared.net/), we should surpass Greenland's GDP within a few months. Ape Nation, bitch. + +Also, these statistics from CNBC further solidified my [We Are Unstoppable DD](https://www.reddit.com/r/Superstonk/comments/t3zp4h/we_are_unstoppable/), which explained how there must be at least 5+ million GME Apes out there around the world. + +https://preview.redd.it/k4oco3wjinj91.png?width=4032&format=png&auto=webp&s=f28e12f9de1b23a7777a8af5e5919fae961f6ef6 + +Essentially, SuperStonk Apes are just a fraction of the total # of GME Apes out there, and if we could tap into other Ape communities out there (like that 1.5 million Asian Ape community in Futu) and spread the word about DRS, it could ultimately accelerate DRS rates. Regardless, the greatest news from all this is that there's most definitely several millions of Apes around the world and already billions of dollars in registered shares (and billions more will continue to get registered over time). MOASS is inevitable. None of this is sustainable for SHFs; eventually their algorithm will give into this immense pressure from DRS. Whether that happens within a few months or several months from now doesn't matter, because MOASS is a once in a lifetime opportunity. + +MOASS will only happen once, and most likely never again post-MOASS. Regulatory agencies have been preparing for MOASS for the past year. + +Tons of rulings preparing for a massive financial event (market crash and short squeeze leading to defaulting clearing members). For example, there was [OCC-2021-004](https://imgur.com/a/CB9cCY0) & [ICC-2021-007](https://imgur.com/a/iKNczBm) which I went over last year. They were mitigating risks of clearing members defaulting in the event of a "significant financial event". There was [NSCC-002/801](https://www.sec.gov/rules/sro/nscc-an/2021/34-91770.pdf) which switched a monthly requirement of supplemental liquidity deposits to a daily requirement for short positions, making it insanely risky for any hedge fund to ever want to go crazy naked shorting a company post-MOASS. There was DTC-2021-005 and tons of other ones as well. More recent one's like [NSCC-2022-003](https://www.reddit.com/r/Superstonk/comments/u8ov3g/srnscc2022003_this_proposal_will_not_prevent/) (that was mitigating the effects of a market crash and MOASS) that I went through, which actually literally stated on page 184 that there could "potentially be a squeeze in the future that may cause increased market risk from clearing members defaulting." + +So, just tons of preparations and rulings. MOASS, to me, is a guaranteed event; it is ultimately inevitable, and so it doesn't matter if it'll happen next month or next year. And anyone complaining that they'd have to wait a year for generational wealth is overlooking how fortunate they are to know about MOASS right now before it hits the history books. It's honestly better than finding out about Bitcoin and its solid future back when Bitcoin was only $1. I imagine most people that are angry that MOASS hasn't happened yet are those trading options losing all their money from theta decay (or just shills/paperhands). + +It's going to happen no matter what. GameStop's quarterly DRS updates have shown billions of dollars added since the past year in registered shares (with DRS rates only increasing), yet the price has either remained stagnant or declined for the past year. **What more proof do you need that the ticker price is bullshit?** + +The ticker price doesn't matter. Price discovery won't come without starting MOASS, because SHFs will get margin called and liquidated. The spring has been coiling up, and every month that goes by that MOASS hasn't happened, only makes the MOASS that much more explosive. + +Why? Because synthetic shares need to keep getting added and because DRS numbers will continue to increase. + +Take a good look at all the Apes DRS'ing their shares. Nobody is going through the process of registering their shares just to sell at pathetic Mickey Mouse prices. If that were the case, they'd just keep their shares at a broker. Apes that are registering their shares demand phone number prices. So, the longer this takes, the more pure-blood Diamond-Handed Apes will keep registering their shares, and the more extreme MOASS will be. + +Lastly, when you DRS your shares, it's really the greatest feeling, because you can rest not having to worry about your broker going bankrupt during MOASS or finding some shady loophole to force-liquidate your shares early on in MOASS, or any of that. Those shares registered in your name are yours, they belong to you, nobody can fuck with them, and that's it. You don't even need to check the ticker constantly anymore, because you'll know MOASS is starting when you see it all over the news at that point. + +We know how fucked they are, they know it, too. The DTCC had to commit international securities fraud to buy themselves some extra time because they couldn't come up with enough synthetics to substitute the dividends to all the fake shares. As long as you do right for yourself, your family, and your future by protecting your future via registering your shares, the rest is a walk in the park. + +Michael Burry had to wait over 2 years for the market crash so that he could get paid. Doesn't matter how long this takes—it's generational wealth regardless. And, take the time these SHFs' algos are giving us as a gift, because it gives you time to accumulate more shares and register them as well. + +MOASS will only happen once, so just make sure you get it right and ensure your future is secure. + +Buy, Hold, DRS. 💎🦍🚀🌚 +I began a refinance process on a property 4.5 months ago and they're still not done. They ran into another snag this week that wasn't caught early on and their favorite quote without fail is "we should hear back next week" about it. Every banker, lender, and investor I've spoke with says these should take 30-45 days tops. I've lost potential business deals because this funding has not become available as it should have. I'm electing to sell the property outright now instead of a refinance because I believe I would have better luck getting cash in the bank sooner that way versus dealing with this group anymore. + +The lender is through Cardinal Financial Company DBA Peoples Home Equity. The lender and myself are located in ND, property is located in WA. Any thoughts to the regulatory board I can report them to? It will only be a ding on their account, but man has it messed with my FIRE plans... They have 4.5 months worth of "work" into my file, can they demand restitution for spinning their wheels? +Seriously though, isn't it straight up public record that congress was lied to under oath? Isn't there a video that anyone can watch at any time? Isn't that absolute proof? I get that people get away with things when they have money, but nothing for something of this magnitude? Nobody talks about the straight lying and manipulation of congress? + +Is there a video of someone showing this video to the FBI or CIA or DOJ or something and them having an actual answer to this? Like if you played the in front of the PRESIDENT and the HEAD OF THE SEC what would they say? Why isn't this happening? I mean, it DID happen directly in front of CONGRESS and nothing's happening.... + +Did he not actually lie or something? + +"Let me be perfectly clear - absolutely not" + +Is the LEGAL argument that "he couldn't have known"? The question was about "anybody in \[his\] organization". With an "absolutely not" response as the head of the organization, doesn't "absolutely not" carry weight? + +This is insane. This seems like it's medieval style corruption - so blatant and so in your face but you're just completely helpless. The prince walks by and steals your daughter in front of the city watch and there's absolutely nothing anyone can do. + +I mean, I guess that's how the world works (get em Bo) but it just seems so insane. +So something I have been trying to wrap my head around is what people do once they have a rental property. If someone has a property that generates them an extra $500 a month, do they eventually put the house for sale while the renter lives there? Or do they just accumulate a bunch of properties that generate that much and hold them for 20-30 years? Hope my question makes sense. The main thing that confuses me is that if you only have one house 500 a month isnt much, unless they end up selling it for 10-20k more than they bought it for eventually. Thanks for any help. + +&#x200B; + +Edit: Thanks everybody for all of the helpful responses. +I'm sure this is preaching to the choir, but if you don't already have an account at a credit union, you *really should* open one. + +I opened a Savings account at a local credit union ten years ago with $25 in it. That's the minimum to open an account. + +Six years ago, when I was looking to refinance my house, the bank I'd used for a decade refused. My credit union approved it. + +Two years ago, when I was shopping for a loan to pay off high interest credit card debt (divorce lawyers are expensive, y'all), no bank would touch me. My credit union got me a sweetheart deal that not only cut my payments in half, but cut my interest almost tenfold. + +This past *monday*, when I was sweating bullets over how the fuck to pay for the repairs to my house that insurance refused to cover, I called my credit union at 9am to discuss options. By thursday, I had a HELOC approved. + +I'm in the process of switching all my day to day banking needs to my credit union as we speak- but just for context, that $25 ten years ago has saved me, just in interest on *other loans*, almost $40,000. + +Credit unions, y'all. +I know a great many people that are paying extremely high amounts of money in subscription fees. Sometimes they don't even know that what they're doing is a subscription. Most of these things will require some upfront cost to get started if you want to make a seamless transition. Unfortunately that can't be avoided. + +Note: I'm Canadian so these prices may be different than you're used to in a different location, and the prices include taxes which will vary form place to place. + +Cable bundles are one of the worst. Four years ago we cut the cord. We were paying $250/month for a cable bundle, and that wasn't even close to the top package. Now the same package is about $280/month. In order to cut the cord we still needed to keep entertainment for us and the kids. And we needed that entertainment to be accessible and easy to use. We also needed to maintain a home phone, but that's not the case for all people. Over the years we went through a few different iterations of streaming apps and devices. Eventually we settled on an [amazon fire tv stick](https://www.amazon.ca/Fire-TV-Stick-Basic-Edition/dp/B01ETRGE68/ref=sr_1_1?s=amazon-devices&ie=UTF8&qid=1523452127&sr=1-1&keywords=fire+tv+stick) and an app available at /r/TerrariumTV/ along with an ad blocker from blokada.org, and of course Netflix. We also picked up a [$100 Ooma Telo](https://www.amazon.ca/Ooma-Telo-Phone-Service-Device/dp/B00KWTAT3W/ref=sr_1_2?s=amazon-devices&ie=UTF8&qid=1523452243&sr=8-2&keywords=telo) to get us setup with home phone through VoIP. We now pay $63.19 for internet from a local reseller, $13.99 for Netflix, and $4.58 for Ooma. That's saving us about $200/month. + +The next subscription fee I went after was my cell phone bill. Now, many people will argue with me, "It's not a smart phone without a data connection." is the typical argument. I disagree, a smart phone is a smart phone for more than just a data connection. So I looked at what I would *need* a data connection for and aside from navigation I couldn't come up with anything. I still need internet access on my phone to conduct my daily life. But I can get by with wifi and that's avialable in many places. I use offline games, and I have a $35 offline navigation app called [Sygic](https://play.google.com/store/apps/details?id=com.sygic.aura). I'm now paying $17.25/month instead of $90/month. A $70/month savings for both phones, so another $140/month saved. + +We have an alarm system in our house, which might not be very applicable to most of the audience here, but it's cheaper than a big dog and it doesn't piss on the floor, so here we are. Originally we were monitored with ADT at $46/month. Now we're with Eyezon and it only costs $9.78. This required me to install a [$110 daughter card](https://www.amazon.ca/Eyez-Envisalink-RECEIVE-EMAIL-ALARM/dp/B016WQTJ4S/ref=sr_1_1?ie=UTF8&qid=1523451607&sr=8-1&keywords=envisalink) in the alarm, which sounds scary, but really was only following well written directions. This is saving us about $35/month. + +Every year I take a look at different insurance companies. I was shocked when I realized how much difference ther can be when you find a company that targets your present demographic. Insurance is expensive here and different people at different ages and life situations will find a better deal with different companies. We switched to Allstate and it saved us another $100/month. + +Spotify has a free version that only requires you to listen to an ad once every half hour, they also have a student deal IIRC. + +Many people rotate through streaming apps like Hulu, Netflix, Amazon Prime, etc. They'll watch what they want to from one, cancel it, and go to the next. Rinse and repeat. + +Ok, so that's all pretty obvious stuff. A lot of people don't see those, but that's still the more obvious stuff. The less obvious things were items that wear out or need maintenance to keep them running efficiently. I could get snow tires for my car for about $90/tire from Malwart, or tires that have the exact same tread design from Canadian Tire for $125/tire. Seems like the Malwart version would be the way to go right? Nope. The Canadian Tire version of those Goodyear tires has a compound that lasted twice as long, four seasons vs two. When I factor in installation, tire recycling fees, and taxes, that's only $160 extra for two more winters, or a savings of almost $400. Most of you likely don't have a Canadian Tire near by, but you can likely find a similar thing near by. + +I really like the look and feel of Sketchers shoes for daily use, but they fall apart in a year. Clarks has some similar designs, they cost about as much, and they're pretty comfortable, but they last several years for me. + +Old Navy/Malwart/etc. clothes is another less obvious one. They fall apart quickly because they're cheaply made. Cheap thread, low quality control, and thin material. This one takes time, you have to make a concerted effort to pay for better quality when you buy new clothes. /r/buyitforlife can likely help point you in the right direction for affordable but good quality clothes. + +If you're willing, buy tools when they're on sale and you have a few extra dollars. Most hand tools from harbour frieght aren't as bad as they were, and are decently servicable now. They're also guaranteed for life, at least at the Canadian version called Princess Auto. Canadian Tire hand tools are also great quality and guaranteed for life. With those tools you can fix and maintain the machines in your life. A socket set and a screw driver set can go a very VERY long way to keeping things running instead of paying someone else to do the work for you. + +Water heaters have something called an anode in them. The anode is a sacrificial part that will corrode so that the tank doesn't. But, being sacrificial they don't last forever. When the anode corrodes away the tank will start to rust, and that will lead to replacing the tank. A new [anode rod](https://www.amazon.ca/Rheem-UV11524C-Magnesium-0-84-Inch-Diameter/dp/B00DSOQDZ6/ref=sr_1_5?s=hi&ie=UTF8&qid=1523453821&sr=1-5&keywords=anode+rod) is about $33. If you inspect it every year and replace it as needed your water heater will last forever. It might still need elements, pressure and temperature valve, and thermostat replacements periodicially, but it'll be much cheaper than replacing the tank evey few years. Oh, and while you're inspecting the anode every year drain the sediment from the bottom of the tank. + +While I'm on the subject of maintenance, make sure you clean and or replace the filters in your HVAC equipment. The energy use penalty for not doing so can be drastic. + +Let me know if you have any questions, and I've love to read about other similar ideas and success stories you've had with reducing subscription fees. +YOOOO Apes! Boner here, but this time not with a hype video, or hype about the stock, or an OBV update lol, this time it’s different. some of you may know me as the Hype Ape. or not know me at all.... but today I am resigning from my moderating position with superstonk. recently i have been more inactive from reddit and the sub more than i should have been, i was taking a mental health break from the stress, unneeded anxiety and hopium. I finally realized that being a moderator and checking the sub every 5 seconds was just not healthy for my personal well being. I have taken 2 weeks off to test how my mind would feel away from reddit, and i have to say it’s peaceful, focusing on yourself should always come first. I am still apart of the Ape movement and not going anywhere, just need to pull back from moderating and just ride the wave, i will no longer be making hype videos, or posts in general, just going to sit back and enjoy the ride. Being a moderator of superstonk was an absolutely amazing experience.i myself was a General Community Mod and I loved that position. interacting with you guys, answering questions, and Removing anything going against the rules to keep the sub clean and healthy for you guys was amazing. i must say... there is not a better team on this platform than these guys. Every single one of them truly fucking cares about each and every one of you. When i first joined the team i heard about the #ApesFirst, mods second saying, we always stood by that and they will always continue to. They want whats best for you and the sub. Always attentive and willing to answer everyone’s questions. Teamwork makes the dreamwork baby. Hats off to the team and a much needed round of applause. This team has my 100% trust and i truly mean that. But that being said its my time to go, i love each and everyone of you guys. you guys are what make this sub so special. I will still be around on the sub but im pulling back for a while. Hats off to all of you for making this place so excellent. HODL, because Hedgies R Fukt. and always remember to "Stay Excellent" and Apes Stronger Together. oh yeah and we moon every tomorrow until tomorrow becomes today ;) With that, i leave you with my resignation video,  + +“This isnt goodbye, its see you later” + +\-Boner Out🦍✌️🚀 + +&#x200B; + +https://reddit.com/link/puu88c/video/5jo18pph1jp71/player +&#x200B; + +[With Increased Volume Comes Increased Prices](https://preview.redd.it/em6qdh3pyd5a1.jpg?width=1000&format=pjpg&auto=webp&s=44159d2ed2263ef4e9543c7be1a78d6d5f4ebfff) + +On March 22nd of this year, Ryan Cohen added 100,000 shares of GME at prices from $96.81 to $108.82 (approximately a $10 million dollar add to his position). Adjusted for the split, this equates to adding shares at $24.20 - $27.20. + +Ryan added these shares on a Tuesday (after Thursday earnings). I believe he (and other insiders) can add shares as early as Monday. + +What if I told you that the March buy was the trial run with the plan always targeting this week? Ryan committed $150 million to towel stock/options earlier this year (before reversing course). Imagine if Ryan put $150 million into the stock we all love this week. + +The SHFs tantrum pre-earnings and this past Friday have set the table to make insider purchases even more impactful. + +Buckle Up. Here comes the volume. +Exactly what the title says. What are the div community’s thoughts on how JEPI will perform over the long term, regarding annualized return and average dividend yield over a 25-30 year period? +Feeling like a bit of a hoarder, keep adding positions and hesitating to get rid of any (even the clear losers). Would like to concentrate and rebalance this portfolio (maybe take everything that isn't AAPL and put it in SCHD haha). Appreciate any suggestions! + +https://preview.redd.it/5ifxlki710w71.png?width=1304&format=png&auto=webp&s=8401c2e567ed29e08930187daecbf715331ac08e + +https://preview.redd.it/o6iwk48810w71.png?width=1291&format=png&auto=webp&s=8b186273b8dd918beab9173c6d45883bc4a4eba5 + +https://preview.redd.it/2kj22gu810w71.png?width=1292&format=png&auto=webp&s=25d5d27fc68f6977f220151b1e3cdbed15d23de0 + +https://preview.redd.it/wl3h2of910w71.png?width=1290&format=png&auto=webp&s=679a04d19d98573f328ab19d0cfd30a58c63e222 + +https://preview.redd.it/zh7twdz910w71.png?width=1296&format=png&auto=webp&s=592de0493619704654ea7c1e88e83c51d1f0566c +http://www.bloomberg.com/news/articles/2016-03-16/-2-billion-loss-for-generators-as-a-million-u-s-roofs-get-solar + +US retail electricity market is about $388 B/year. Nationwide, the market fell 1.3%, about $5B. This article's $2B number focuses on the east cost. +Hi, +I’ve just moved to the UK so I’m not familiar with the TV licence concept. I don’t watch live streaming normally. But I’m interested in watching the World Cup later this month. As it’ll be broadcasted on ITV and BBC, Can I just pay the TV licence for only this month? Or I have to continue paying for a whole year? +Thanks! + +Edit: I don’t have a TV. So I’ll be watching online and will probably need to create an iPlayer account +Alright here we go. I'm 19 and just got out of a 2 year relationship. (Cheating is real shitty ya'll.) Some background: I'm young and really stupid. I was giving him my whole paychecks and letting him decide where what goes and how much I get back. I have no idea where all my money went. Stupid, I know. Bills were always paid for and I was pretty much always broke, but with everything I needed. +I live in apartment where my share of the rent is 600 and my phone bill is 100. +Going back home to family is unfortunately not an option. +I'm starting school soon and I need to figure out how I can save with what I have, and What I need to do. +So far I have a minimum wage job ($10) with 30 hours a week. I was looking for other jobs but can't afford to not work until then so this will do. I plan on getting a second job so I'm at least hitting 50 hours a week. I'm making tips too, and all of that immediately goes to savings. +Luckily my job is within walking distance so I'm going to do that instead of paying for parking and gas. +I'm going to pack lunches and snacks but in case I can't, my job offers 50% off and the sides are 3 bucks to begin with, so it's not that hard on my wallet. I have a roommate so groceries and other expenses will be split. +I feel like I need to be doing more. What can I do at 19? +Edit 1: I've gotten so many positive responses and first off I just want to say thank you so so so much. Let me give a bit of an update because today has been a tiny whirlwind with work and all. +First off, I'm down to 5 bucks thanks to a forgotten gym bill I stupidly let my ex and our old roommate charge to my card. I know 30 bucks isn't a lot, but man if I didn't cry over losing that $25. But it's oh well, I'm canceling the membership and I'm getting tips tomorrow so I'll just start over again. +A lot of people have asked why I can't go home, and honestly, I have no beef with my family. My mother is a wonderful woman who works at a domestic violence homeless shelter a few cities away. She lives in a tiny house with my 4 younger siblings and has recently also moved in a woman and her child from off the streets. When I say tiny, I mean a 2 and a half bedroom house that takes almost 5 seconds to walk through fully. She doesn't make a lot, and taking me in could mess her up financially and honestly it's just so crowded. She has a heart of gold and tries to support me in any way she can. +I want to say something about my ex. Overall, he was a good person who let his depression consume him and didn't want to seek help for it. I tried and helped as much I can, but when I started getting hurt more than making any difference, I knew I had to go. He's never had an example of a healthy relationship. All in all, I hope he gets help and grows to be the kind of person I know he can be, and I'm sorry I can't be there with him. +I got in contact with a recruiter, I'm not sure if I'll enlist but I'm weighing it as an option and talking to someone about it will be nice. +I have a few leads on a second job, and I want to thank everybody who has been offering jobs and housing. Unfortunately, I don't seem to live near any of you! I'm a state by California. +Also, I WILL NOT BE SPLITTING THE GROCERY BILL. That seems to be unanimous. +I'll be looking at my phone contract as well. +When It comes to school, I'm going to talk to some school counselors to see what would be best to do. +I didn't expect the support and outpouring of love that came from this post, but you guys gave me hope. I love you Reddit. Let me know if I can answer anything else, I think I covered it all but again it's been a crazy day, with work and walking home I had to take a nap I was so exhausted. +Thanks again Reddit! +I’ve been seeing a ton of people calling for Luna terra burn. Meaning removing coins resulting in price increases. I chatted with some friends and they say if that happens, I could make millions. (I bought luna at $0.000019). I’m newer to crypto but ain’t no way it’s as easy as a burn to make me that much. What’s the catch? And I don’t even think a burn will happen. + + +I want to introduce this very interesting project that is likely to pump a lot today and over the next several days. Two HUGE Youtubers ([oompaville](https://www.youtube.com/channel/UC6Mjg5R5QOJYjrio1JmP8Fg) and [MattSha](https://www.youtube.com/user/MattShea369) = joint 6m Sub) just partnered with Mooncoin on a special project. [Here’s their hilarious youtube video that just came out featuring Mooncoin.](https://www.youtube.com/watch?v=kGHGOmqHcQ8) This is a hidden gem💎 and sleeping giant looking to bring retail financial services to DeFi and BSC. They’re building this on top of a deflationary and reflection-staking token. + +I wanted to share my DD here. The team is surprisingly responsive and tbh well put together. They definitely know their stuff. Their main focus right now is growing the Mooncoin token as a store-of-value. After they will move to phase 2 and 3 will also be sharing details about the wallet and card payments systems and partnerships. It's explained in their Litepaper and Medium articles. + +**I believe this has 1000x potentiael because of their:** +✅ Lowcap sitting at around $600K +✅ Strong team with enterprise background who will doxx soon +✅ Enormous potential as a financial services solution on top of DeFi/BSC +✅ Unruggable: Liquidity locked on DxSale +✅ Their whitepaper is coming soon and their Litepaper is already better than 99% of whitepapers I've read in this BSC space +✅ CG/CMC Listings Applied and Audits Pending + +**Background Context:** +I was an investor in Hoge, Safemoon, Elongate and other moonshot memecoins. These coins dumped a lot after growing and struggling with that. What I like about Mooncoin is I can credibly see them overcome this. Mooncoin aims to counteract dumping by making Mooncoin a Store of Value and providing a Payments option. The utility feels well thought out and consistent with the project. They aren't just tacking on some charity mechanic to earn points. + +Their payments system already sounds better thought out than Safemoon's exchange feature to me. They are building their community on Telegram and Discord. They have some great Medium articles, website info, a very stable price floor, and some deep-pocketed diamond handed investors. Once the hype starts hitting many of these investors have personally told me they will be massively doubling down on their investments. + +Can you imagine how banking services on DeFi will be? If this takes off and they hit their stride with the application this will make Safemoon's 4B cap look tiny. I think it's crazy how undervalued this is right now. + +None of this is financial advice, though. DYOR + +**All Links:** +📨 [Telegram](https://t.me/MooncoinDeFi) +🌐 [Website](https://mooncoin.co/) +🥞 [Pancakeswap](https://v1exchange.pancakeswap.finance/#/swap?inputCurrency=0x5eF3098aA05d5d5F8c9Baf1D558aE6182Daa743C) +📈 [Chart](https://charts.bogged.finance/?token=0x5eF3098aA05d5d5F8c9Baf1D558aE6182Daa743C) +🔐 [Liquidity Locked on DxSale](https://dxsale.app/app/pages/dxlockview?id=1399&add=0&type=lpdefi&chain=BSC) +📙 [Read the Litepaper](https://dd3qbppzqodhu.cloudfront.net/lightpaper.pdf) +🐦 [Follow Twitter](https://twitter.com/mooncoindefi) + A lot of people in general seem to think education is useless or it's a waste of time. But education has done wonders for me. I grew up in a poor family. I really don't remember when we went out to eat during my childhood, we couldn't afford eating out even once a year LoL. I'll forever be grateful to my parents that they worked hard to give me & my siblings a decent education. Seeing them work so hard, it pushed me to study harder. I got good grades in college, and on that basis I received a full fee scholarship in an Engineering university. 4 years later, I graduated with a degree in Computer Engineering. These were probably the hardest 4 years of my life. Although my university fee was waived off, I still had to pay hostel rent and for food etc. I was applying every saving trick I knew at that time. Two weeks after graduating, I got accepted in a software company, and they offered me $70k/year. I was so relieved and happy when I saw this, I really couldn't believe what was happening. After around 4.5 years, I'm now making $90k/year and it's probably gonna increase further (I hope so). + +good education pulled me out from poverty. I know I don't have any student debt, due to getting a university scholarship, but really even if I had it, I don't believe it'd be really hard to pay off in my current situation. + +the takeaway from this is, a STEM degree is really worth it. + +any questions are welcome. + +(English isn't my native language, so maybe my writing will seem a bit unnatural, but you get the point) + + + +edit 1: +since a lot of people are asking what if they aren't interested in STEM, + +well there are two things: + +1. it doesn't HAVE to be STEM. a school friend of mine graduated with a degree in literature and is doing pretty well financially. + +2. STEM is really diverse. You think you don't like it, but have you looked into every STEM field? you should do some research on different STEM fields maybe you'll find something that piques your interest? I think everyone can develop interest somewhere in STEM if they try it. seriously, a lot of people in my batch, who were uninter +ested at first, made pretty great stuff for their FYPs. + +of course if you really don't find anything interesting in STEM, there's always option 1. + + + +edit 2: +it's sad seeing some people still saying "degree doesn't guarantee success". I never said a STEM degree guarantees financial success. I said it *matters*. getting a STEM degree will definitely give you an advantage. Just look at the statistics, people with a STEM degree on average earn more than those without it. +here are links to two studies: (a simple google search can get you more with the same conclusion) + +https://www.businessinsider.com/how-much-more-college-graduates-earn-than-non-graduates-in-every-state-2019-5 + +https://www.businessinsider.com/stem-majors-earn-a-lot-more-money-after-graduation-2014-7 + + + + +edit 3: +seriously guys stop with the EdUcAtiOn BaD comments. you're not getting the point I'm trying to make. stats show education good. + + +edit 4: +I never had any idea this post would blow up. sorry, I don't have the time to reply to or read all comments. but I've given my opinion on two main queries in the edits. if I see any other popular query, I'll deal with it in the edits. if you really want to ask me something important, DM me. + +I hope the best for all! +Seems like we are in a very volatile situation with the Netflix reset. Will the contagion from Netflix bring the other streaming services down more? +It seems to me that Disney may be at rock-bottom. But then again it keeps going lower. +Any thoughts regarding a good time to look at buying some streaming services? +I don’t own any Netflix. For the record at age 61 I don’t even watch Netflix which is why I probably never purchased it. But I guess that Bill Ackman is much smarter than me because he was talking about it being a great stock when it was $350 +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? +Hi FatFriends, looking for some advice. + +Short version is this: I have about 30m in assets and I live abroad (major city in Asia) but will also spend time back in the US. How do I ensure I have great optionality and coverage in terms of health care for me and my family? Everyone is healthy and my and wife and I are still pretty young (mid 30s). That said, I'm paranoid that some serious illness could show up and eat up a lot of money, cause financial stress to stack on top of the health stress. + +Right now I have a crazy good global insurance plan through work but I'm not sure how to replicate such a thing on my own in the future. Has anyone been able to plan/buy platinum level coverage while splitting time in the US and abroad? + +I searched in the archives on this topic and found only a few leads, most didn't seem like super high end or fat coverage (e.g. lifetime limits, limited/no coverage in the US, etc). + +Also to make things complex: I won't necessarily have a clear state of residence to bind to in the US. + +Thanks! +I have a friend who won $200k after taxes during a lawsuit. She has no idea what to do exactly. It’s a lot of money for the her. What would be the best way to go about it? + +I was thinking pay immediate debts, maybe find a fee only fiduciary to help her manage the money and invest in some dividends ETFs to have some extra income. Any advice would be appreciated. + +Edit: thank you everyone for your comments. She will be reading this later on. +Let's accept the fact that most of us really don't know what we are talking about. I know it feels better when giving advices and acting like a crypto veteran but at the end of the day we don't know shit about fuck. +It really shouldn't be the mod's responsibility to employ decent common sense on a sub that naturally attracts troll posts. We collectively need to do a better job at not being stupid. + +1) You should always be leery of posts that are basically about "I have a TON of money" but ask for no specific advice/input + +2) 300 million is a laughable number. The number of people who have made anywhere close to this selling off no-name startups, or even named startups, are is and incredibly small pool. For the record, Elon Musk only got around 165 million as the cofounder of PayPal....fucking PayPal. So the idea that a company would acquire a fintech startup for 300 million + and no one here would have heard about it is highly unlikely. + +3) Unless someone is super fucking dumb, and the chances of making hundreds of millions while being super fucking dumb are somewhat minimal, they're not gonna come here and lowball questions about "oh...should I buy 1,000,000,000,0000 shares of VTSAX?" If you are smart enough to make that kinda money, you know Reddit is not the place to get advice on being on of the richest people in the world. Really, we have to use our brains. If a thread is just "I made x amount" give me vague financial advice, we shouldn't just upvote it because it's an impressive number + +4) The username is "bought_by_UBS" like...really? + +TL:DR- Use critical thinking or be overrun with trolls. +So I'm 28. I have nothing invested into my 401k. I have an autoimmune disease that is gonna knock like 20-30 years off my life. I'm already fairly unhealthy, I'll be surprised if I make it till 50 but it's one of those things we won't know until the time comes. + +I've been thinking a lot about my future and my financial situation lately. Right now, I'm not in a good spot. I don't have a car, I'm renting a room with my girlfriend and her family. I'm making $17 an hour where minimum wage where I'm at is $10.50 I don't see my self finding a better opportunity any time soon. + +My job offers 401k and I'm trying to decide if it's even worth investing considering I don't have a long expected life span and also considering how much I make. + +I'm sorry if this doesn't make much sense, I'm not very knowledgeable on this subject but I'm trying to learn. +BTC was basically unusable at the end of 2017, with fees insanely high. I played around with the Lightning via the Eclair Android wallet on the Testnet, but the whole experience left me a little... cold. Ultimately I fell out of love with the concept of Bitcoin and sold most my holdings for fiat and converted the remainder to ETH, which I already had a little of. + +I'm far more interested in ETH a tech platform, but it does hurt when I see my ETH holdings slowly losing BTC value! +The average returns of S&P 500 annually is about 10%(correct me if I am wrong). This would mean Investing $1000000 the first year would get me $100k. This means I could withdraw $100k yearly and still keep my $1000000 without it reducing right? But because of inflation, the $1 million will lose it's value. So what if I withdraw only 4% yearly? I could live off the million dollar capital while growing it right? + +Edit: Just came to my mind. What about instead of withdrawing 4% yearly, withdraw $40,000 yearly. As your portfolio grows, $40,000 won't equate to 4%. The 4% will get lower each year. +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! +I want to get into real estate investing and everything in my area costs $700k+ even for a studio. + + +I want to invest somewhere in the US, with 40k-50k down payment ready. Thus, I believe I can afford a house around $200,000. + + +Where would you invest with this budget for a rental property? + + +TIA + + +Update: I want to thank everyone for their insights and valuable contributions, it is so extremely appreciated. From having a negative number of upvotes (thanks to the haters) to currently being at over 80 up votes, just wanna say y’all are the best. Very thankful for this helpful community. Can’t wait to start making moves. I am currently traveling and will continue to read and respond to all comments! +Hey, I'm 28 y.o. female working part time (salary $30,000 per year) and also having a casual job that lets me earn extra $15,000-$20,000 per year. I also have saved $16,000 for a deposit + +Currently I'm renting a room in a sharehouse. My friend told me there's no chance I can afford to buy an apartment now. + +Can I please get some advice, maybe how to buy a studio or one bedroom apartment in my situation. Thank you +Hi guys, I've been offered a position (different restaurant, a lateral movement, I know) for more money, which is closer than where I currently work (BK), I enjoy the staff, but I despise the work, and everything is broken, or in disrepair, furthermore, scheduling is a joke (couldn't get time off because they "couldn't find the time-off notebook) and I've been shorted 15 hours from my original demands from the outset (5-10's or 4-12's) and a merit-based raise has not been discusssed, despite my schedule demanding the hours I discussed and coming in outside of those hours. Tomorrow is my last day, do I explain to them in the morning, or just say that I quit at the end of my shift? +Edit: thanks for the responses and insights from everyone, I announced at the end of my shift with my GM, he said not to quit and to inform him if whatever scheduling worked for me, I told him that I liked money and that seemed like a nice idea, TL;DR double employed instead of quitting. +I suspect no regulation will stop the markets finding a bubble somewhere in the world to ride until the music stops. Attitudes have not changed, methods remain the same. This crash will be more difficult to bail out and the result will be either isolation and less global trade or stronger international market regulation and a form of global governance. + +Be polite I'm not an economist. :) +So, late last year I was wondering how, in spite of her making more money than I do, she is constantly broke. Asked her about it and she came clean that she is drowning in credit card debt. Like, to the tune of £10k, with interest of all her cards combined totaling over £200 a month. On top of that the cards are always swimming around their limit and she regularly doesn't have enough to pay them all, so she gets a late charge or over-limit charge here or there. Which is a crazy amount of money to just lose to interest and charges. + +To help her out, so that the interest is less killer and she can use that money to pay down some of her other cards, I paid off one of her larger balance cards using a money transfer from one of my cards of around £3400 which has an interest rate a tenth of what she's paying, and asked her to pay me back in instalments of £150 a month (which she's missed here and there to free up money to pay off the other cards she has). That card now already has £1400 on it in just 6 months, and she's no closer to even paying down any of her other cards. + +She's literally never lived on her own, and the house we live in is fully paid off so no mortgage or rent. She spends an obscene amount of money on alcohol which I'm trying to address at the moment, and doesn't have the mindset of "can I afford to buy this?", rather "I must have this". She's never had to budget before, which I've asked to get down on paper where her outgoings are going. She's on top of her bills, but other than that, day to day expenses just go on the credit card which I feel she doesn't even see as real money. + +What's the best way to dig out of this hole? Because I'm dead set against the idea of chucking her £3k again... + +Thanks +I'm a casual worker and as per the title my boss has increased my hours from roughly 12 a week up to 30 solely because they feel the need to make me work what I'm getting paid. Problem is I'm a full time uni student in a somewhat intense degree which means to be working 3 days a week would place a huge amount of stress on me. Not to mention the multiple meetings/tests/classes which are compulsory for me to attend and are scattered throughout the week which will at some point clash with shifts. + +I don't want to complain directly to my boss solely because I need some form of income and don't want to get stood down but is their behaviour within their rights? Or is this the catch of jobkeeper? +So basically, I noticed a big hit on my credit about a month ago, and when I researched what it was, it was relating to a medical bill I must have received in college. I don’t remember what this bill is pertaining to or why my insurance would not have covered it at the time. + +It has been nearly a months since I sent the letter to the debt collector and I still have not revived a response. + +What other steps can I do to get this off my credit report? +I recently received an offer from another company for a 6.5% pay increase to my hourly wage and a $20K sign-on bonus, with no contract commitment. However, I currently work 40 hours (4x10hr shifts) and the new company is doing (3x12hr shifts) for 36 hours. I would be losing 16 hours a month, which puts me at a loss of about $600/month. The distance to both jobs is the same and the new job does not offer a 4x10hr shift and benefits are equal. I am having trouble on deciding to switch to the higher hourly wage, as I would be making less annually. Would I be making a mistake by declining this offer? Thank you. + +EDIT: + +Thank you all for the different perspectives you have given. I have worked 3/12s in the past, although that was the night shift. It seems like I'd be a fool to not take this offer. One thing holding me back was that it was easier to hit OT working 4x10s. Getting into OT doing 3x12s is much more difficult as I am already behind 4 hrs. Perhaps for quality of life it will be better as I've been working 4 days a week for the past 3 years now. Thanks again! +Just dumped about 15k on this ticker through multiple CSP (cash-secured puts) giving me an average price (including premium from the options) of around $23.50. I'm confident this stock will rebound. Rates won't stay at 0% forever. Plus, this is the only bank stock that papa Buffet is holding onto and he bought more at a higher share price (latest purchases were around $25). I feel confident holding onto this for decades. Someone play devil's advocate. +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? +tl;dr + +1. [Graph of % of portfolio remaining over time for people who retired Jan 1 2000 in 100% S&P500, based on different SWR](https://imgur.com/a/QiYMHOF)s; 4% SWR still survives, but is uncomfortably low. +2. [Table of % of portfolio remaining for people who retired on Jan 1 of years around 2000 in 100% S&P500, based on different SWRs](https://imgur.com/a/MZs9WvA). +3. [Graph of SWR that leaves you with $0 after 30 years invested 100% in S&P500](https://imgur.com/a/thEWFC0). Note that for retirement years after 1991, S&P returns for years after 200 are set at 3.75% (ERN's default assumption) + +&#x200B; + +**Background** + +Last year [I posted](https://www.reddit.com/r/financialindependence/comments/ah0jem/update_to_the_2000_retiree_performance_using_erns/) about the performance of people who retired in Jan 2000. I look at 100% S&P 500 portfolio because a lot of people in the sub are planning on something similar (but mostly because I'm too lazy to look at different portfolios). This analysis doesn't totally apply to me: my portfolio looks very different; I'm planning for a retirement much longer than 30 years (retired in my mid-30s); and [I set my SWR differently](https://www.reddit.com/r/financialindependence/comments/alf50o/algorithm_i_used_to_set_my_325_swr_from_a_retired/) and don't assume it will stay fixed. So why do I do this? For fun! + +The data is based on ERN's [monthly data](https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/) on real returns with dividends reinvested through Sept 2019. Since CPI data for oct-dec 2019 isn't out yet, I've appended to his data the nominal S&P returns for that time period. + +&#x200B; + +**Results** + +Huge returns in 2019 really helped out performance to date! + +* 2000 appears to be the second worst time to have retired in the last 150 years in the US (slightly beating 1929). This isn't surprising, since those 2 periods were also [huge peaks in CAPE ratio](https://www.multpl.com/shiller-pe). +* a 4% SWR still has 24% of it's portfolio. I really doubt it will make it to the 30 year mark, and certainly wouldn't be good for anything longer. Especially since interest-rate adjusted CAPE ratios are at levels that have always previously predicted below average (but not extreme-bear market) returns; see chart towards bottom of [this page](https://dqydj.com/cape-interest-rates-time-future-returns/) +* to maintain portfolio value (like you might want to if you're planning for a 50+ year retirement), you would need to have used a 2% SWR + +&#x200B; + +Edit: Here is the link to ERN's data that I used: [https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/](https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/) . You can use this to look at different asset allocations and to adjust other assumptions. If you don't want to work with the raw data directly, he has some tools in the spreadsheet that will do the analysis for you when you adjust assumptions. + +Edit 2: Here is the extra sheet I added to ERN's workbook, in case you want to play around with it: [https://docs.google.com/spreadsheets/d/1JcSRDrGv9YxQmR8E8dAmLELRgtqiCFtw8lcdSRUyAVc/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1JcSRDrGv9YxQmR8E8dAmLELRgtqiCFtw8lcdSRUyAVc/edit?usp=sharing) +Get [JACKED to the tits](https://www.youtube.com/watch?v=DQ5VfKSYvSk)! The "Federal Reserve Board invites public comment on an advance notice of proposed rulemaking to **enhance regulators’ ability to resolve** ***large banks*** **in an orderly way should they** ***fail***". \[[Sauce: **Federal Reserve** Press Release (Oct. 14, 2022)](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221014a.htm)\] + +**TADR:** Big Banks, Big Booms + +# Large banks? Fail? What's going on??? + +The Federal Reserve ("Fed") \[[Wikipedia](https://en.wikipedia.org/wiki/Federal_Reserve)\] and Federal Deposit Insurance Corporation ("FDIC") \[[Wikipedia](https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation)\] are concerned about financial system stability and limiting contagion risk should a big bank go bust. So, they (Fed & FDIC together) are proposing [Resolution-Related Resource Requirements for Large Banking Organizations (PDF)](https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20221014a1.pdf). **The Fed & FDIC need options on how to handle a big bank going bust** and are proposing to add an "extra layer of loss-absorbing capacity". + +[Fed & FDIC Proposal pg 1](https://preview.redd.it/u7dut65fmmv91.png?width=1818&format=png&auto=webp&s=5a531e45adaf6307f95a0f37406852048dae8b30) + +*Let me apeify this for you.* **"Resolving a large banking organization"** is fancy words for cleaning up the mess when a big bank fails. So this proposal summary is saying the FDIC (who provides insurance for cash deposits) needs options to clean up the mess ("resolve a firm") in a way that doesn't break the whole financial system ("in a way that minimizes the long term risk to financial stability") that keeps their options open ("preserves optionality"). + +Normally, messes are cleaned up by selling a failed financial institution to someone else. Selling one failed bank to a functional one turns out to be the cheapest option for the FDIC's [Deposit Insurance Fund](https://www.fdic.gov/resources/deposit-insurance/deposit-insurance-fund/). After all, no insurance company ever *wants* to pay out when there is another option on the table. + +[Fed & FDIC Proposal pg 7](https://preview.redd.it/hkiyls85qmv91.png?width=2290&format=png&auto=webp&s=8a6a2bb6c61278915de1061054c16be59a574dd6) + +Except during the 2008 global financial crisis, there was not a lot of buyers for the biggest failures. And that hasn't really changed since 2008. There's simply no good option for cleaning up the mess when a *really big bank* fails which made them [Too Big To Fail](https://en.wikipedia.org/wiki/Too_big_to_fail) *so the Big Banks got bailed out by taxpayers* \[[Too Big to Fail Banks: Where Are They Now? (Investopedia)](https://www.investopedia.com/insights/too-big-fail-banks-where-are-they-now/)\]. + +The 2008 bailouts meant *Too Big To Fail* now became a **goal** for banking organizations chasing short-term profits by relying on ***risky*** *(less stable)* **uninsured** deposits to keep running -- at about 40% of total deposits. + +[Fed & FDIC Proposal pg 7](https://preview.redd.it/exi1uxawsmv91.png?width=1792&format=png&auto=webp&s=e44607156c85a16643b07a42928f8568297b1218) + +*What did we expect when excessive risk leads to taxpayers paying the bills? Private profits and public losses.* + +Some large banking organizations really reached for *Too Big To Fail* by operating across jurisdictional boarders (e.g., EU and Asia) and setting up "significant non-bank operations" to provide bank-like financial services without the banking regulations and oversight. \[[Investopedia](https://www.investopedia.com/terms/n/nbfcs.asp)\] Non-bank operations include hedge funds, pension funds, and insurance companies \[[Investopedia](https://www.investopedia.com/terms/n/nbfcs.asp); [Wikipedia](https://en.wikipedia.org/wiki/Non-bank_financial_institution); [BIS](https://www.bis.org) [Glossary](https://www.bis.org/statistics/glossary.htm?&selection=281&scope=Statistics&c=a&base=term); [World Bank Definition](https://www.worldbank.org/en/publication/gfdr/gfdr-2016/background/nonbank-financial-institution)\] -- *the same type of non-bank targets the* [*OCC got the green light to raise unlimited funds from*](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/). + +[Fed & FDIC Proposal pg 8](https://preview.redd.it/x8s5lbdkjnv91.png?width=2300&format=png&auto=webp&s=8d8ed5af8a98c61342531d0de180e5f92a91020c) + +***$#!+. Now what?*** + +>"We're kinda screwed. Need some options people!" +> +>\[Fed, basically\] + +The Fed is basically asking for options. (Asking Wall St., not apes -- we know they don't care much about the public aside from taking our money.) + +The Fed is basically proposing to set up more assets and insurance as "an extra layer of loss-absorbing capacity" to give the FDIC something to work with. This is interesting because it also implies that without "an extra layer of loss-absorbing capacity", ***the FDIC expects there won't be much to work with.*** + +[Fed & FDIC Proposal pgs 8-9 ](https://preview.redd.it/1ocmhvuupnv91.png?width=2298&format=png&auto=webp&s=6bd773936a94b3023107ce3c3af8da14183d03c1) + +**Assets? Wut assets? All gone.** ***Poof!*** + +This is so important that this document reiterates what the FDIC can and can't do: + +[Fed & FDIC Proposal pgs 10-11](https://preview.redd.it/75m921ef0ov91.png?width=2302&format=png&auto=webp&s=21525b47ca6a27415a92fa837667f1845689cdcf) + +The Fed and the FDIC are looking for options for how to handle failures of the largest and most complex banking organization**s** *(plural)* because there's not much assets left for the FDIC to work with. They're almost out of options and time is running out. + +So the Fed issued a cryptic **cry for help** with all the legalese and complex phrasing you might expect from a group trying to keep normal people from figuring out that they've got a *really big problem* with their biggest banks going boom. + +# What next? + +Well, obviously, apes and the public need to comment! People should speak up because there is no way the Fed, which is basically owned by Wall St, wants to hear from the public on this which makes it a prime example of [why the public needs to create a record for posterity](https://www.reddit.com/r/Superstonk/comments/y39fpp/why_comments_matter_with_an_elia_on_the_secs/). + +Beyond the Federal Reserve [website for Proposals for Comment](http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm), I'm not actually sure how to comment to the Federal Reserve on this or what to say yet. (Still reviewing...) + +Please help review the [Proposal (PDF)](https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20221014a1.pdf) and [Press Release](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221014a.htm) to share your thoughts on what is worth commenting to the Federal Reserve on how to handle bank failures! ***NEED MORE WRINKLES!*** + +Thanks to [u/julian424242](https://www.reddit.com/user/julian424242/) for [the heads up](https://www.reddit.com/r/Superstonk/comments/yb3ha3/probably_nothing/)! +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! + +Hellooooo beautiful Apes!!! + +So recently I've been getting notifications on past DD and people reposting some of my writings. I decided to just make a master summary of all my DD and recconnect some dots looking back in hindsight to zoom out and see the bigger picture. + +I'll keep it short as possible and I won't use any big words if I can help it so anyone at any level can understand everything. + +My first actual DD was posted in the OG ball street vet sub. + +I can't link to it because of Automod but it was titled: + +**Theory: Gamestop was in the process of going bankrupt, JP Morgan, Goldman Sachs and Melvin were in the process of profiting from inside information obtained from GME real estate division.** + +I wrote that last January and it got 18k upvotes and hit front page. And then the mods literally made me my own flair. + +"Shitpost masquerading as DD". + +They banned me not long after. That's when I knew I was on to something. + +The TL;DR was: + +>Short end of it, I think Gamestop was in the process of closing everything down and I think the real estate division were giving Melvin inside information which is why they went so heavy on the shorts to begin with. + +**Looking back on it I was absolutely fucking right lmao But it wasn't the real estate division, it was deeper. It was all the sleeper agents that RC fired from the board and the former CEO.** + +Next DD was + +[DTCC and Citadel intimately connected to a firm called Price Waterhouse Coopers which profited 322M from Lehman's collapse.](https://www.reddit.com/r/Superstonk/comments/n5yxpd/dtcc_and_citadel_intimately_connected_to_a_firm/) + +The TL;DR was: + +>A company called PwC profited 322M Euros off the collapse of Lehman Brother's. This company had many many employees who went from working at PwC straight to DTCC and Citadel. PwC is 12 minutes walk from Citadel. The head of DTCC Michael Bodson used to work at PwC and Morgan Stanley and Bear Stearns. He started working for DTCC the same month banks started to shit themselves, March 2007. +> +>Gamestop is 2008 pt 2. Same players. Same tactics. Same strategies. Different company names. The end is near for all of them and they're most likely all freaking the fuck out worse than we thought. HODL. + +**Looking back on it, I was digging down a rabbit hole deeper than I ever thought I would find. Many people said just because there are people transferring from one company to another doesn't mean anything. Except for the fact that Citadel can keep former employees on payroll and no one will ever know about it.** + +Queue my next DD: + +[Rolling in the Deep Dive: Hiding money in the Cayman Islands is back on the menu boys. Bribes and memes. Return Swap money trail and suspicious rule exemptions from keeping records of any kind. Hedgies are... well you know.](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/) + +The TL;DR was: + +> TL;DR pt 1: Citadel filed for and was granted by the SEC, exemption from the 1940 Investment Company Act which has a bunch of rules. They're able to manage "investment vehicles" privately without filing, allowed to not keep records of anything or any transaction. Allowed to take money from basically anyone, or pay anyone off and call them an employee and not record anything about it. And allowed to keep people on a sort of payroll even after they leave the company and get jobs in high ranking facilities. +> +>Basically exemption from this 1940 act allows them to do anything they want and get away with it. +> +>TL;DR pt 2: +> +>Citadel can technically be selling shares of itself to itself in the Cayman Islands to hide money according to the rules and exemptions which allow them to be confidential buyers of their own securities. + +**Looking back on it, this DD connected the PWC DD together. It showed how corrupt the entire market really is. The SEC, the DTCC, the entire market is designed to let Citadel and friends do what ever the fuck they want.** + +Imagine you're playing Monopoly and one player is allowed to do what ever they want. No rules. They never go to jail. They can pick and choose whichever chance card they want. They can choose what spot they land on and which spot you land on. Charge what ever they want for rent, and never pay you your rent. + +That's the equivalent of what the SEC is allowing Citadel and friends to do with all these exemptions. + +Next DD was proof of the previous one: + +[UPDATE: Found a document basically proving my last DD right. Citadel admitting offshore loopholes allow evading reporting and clearing requirements.](https://www.reddit.com/r/Superstonk/comments/pfetpl/update_found_a_document_basically_proving_my_last/) + +TL;DR was: + +> **TL;DR Proof, by their own words that hedge funds can trade offshore without reporting anything. And Citadel bitched about it because someone else was doing it too lmao** + +Self explanatory really. + +Next DD: + +[ZOMBIES - Found thousands of OTC stocks correlating with GME with huge spikes in volume starting mostly in the last few weeks. Many of them rising from the dead within the last few days. $0 to $0.001 real quick.](https://www.reddit.com/r/Superstonk/comments/ph3bfr/zombies_found_thousands_of_otc_stocks_correlating/) + +With follow up: + +[ZOMBIES pt 2: The Split Shell Chronicles](https://www.reddit.com/r/Superstonk/comments/piitm5/zombies_pt_2_the_split_shell_chronicles/) + +TL;DR + +**For decades Citadel and friends have been shorting companies to the ground and suppressing our economy. Suppressing cures for diseases, technological advances and holding humanity back from evolving.** + +**When you look into these companies, many seem to be shell corporations who existed solely for Citadel to short. It's more than likely that thousands of companies are created just so Citadel can drive them into the ground and go bankrupt. Some never even got off the ground but did well on paper before the bankruptcy.** + +**More than likely there is a system at play to create a company, have it go public, get people to buy into it, short the fuck out of it, declare bankruptcy and keep the profits. Rinse and repeat.** + +**Most of those Zombie stocks were just ponzi schemes.** + +It was my opinion at the time and still is that the Zombie push happened to get retail to FOMO into those stocks because by the time the push on these stocks happened, they were already long. + +Example: Short something from $100 a share to the cellar at $0.0001. Close out. You made $100 a share. Then buy all the shares back from yourself because you're a MM and can make synthetics. Because of the rule exemptions they can value their assets at any price they want so they basically got the company in their portfolio for free. + +Retail FOMOs in and buys them at $0.01 and up, putting money in their pocket on paper to survive another day. + +Next DD: + +[The Loop Capital, Magic Johnson, Credit Suisse and Citadel connection. Awwww snap.](https://www.reddit.com/r/Superstonk/comments/plas24/the_loop_capital_magic_johnson_credit_suisse_and/) + +TL;DR: + + + +>TL;DR Loop Capital and Magic Johnson pays Credit Suisse an unknown amount of money from a 343+ million dollar fund, which has Presidio as an investor. Presidio means a fortress. As does Citadel. Citadel has a Presidio fund with 150 million dollars. Loop Capital = Citadel. +> +>Citadel is long on Academy Sports and Outdoors, Inc along with all the other SHF, and potentially had sleeper agents from ASO on GME's board of directors to run it into the ground, which RC probably knew because he kicked those guys off the board. + +**Looking back on it, with everything we know about the Zombie shit, it feels like most Retail companies in GENERAL may have all been created as fronts. Which is probably why there was a basket of shorts for all of retail and they all moved together prior to GME becoming the only idiosyncratic risk to the system.** + +I'm willing to bet that is the entire system. A flow chart starting with Venture Capital funds literally funding companies that will do well for a while until Citadel shorts them to oblivion. + +The Venture Capital funds put their sleeper agents on the boards and then make "bad business decisions" and get the stock falling "organically" and then that gives Citadel and friends plausible deniability and a "bear thesis" so it doesn't look like market manipulation. + +I bet if we look into Venture Capital firms we'll find more connections that complete the whole picture. + +Next DD: + +[I found the entire naked shorting game plan playbook posted on a forum in 2004. They called it "Cellar Boxing". + Yahoo / Morningstar censoring GME data depending on your IP. It's not a glitch.](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) + +TL;DR: + +> TL;DR Yahoo changes data depending on the IP. Seems like only USA gets censored data. Based on the forward P/E of the uncensored data, it's possible GME is anywhere between 6k to 31k per share on some dark side of the fence. And "Cellar Boxing" is the game plan shorts use to destroy America. + +**Looking back on it, holy shit I never expected this to be the most awarded post on SuperStonk.** + +**When you read that and understand it and then look back on the Zombie shit and Rolling in the Deep Dive, the new theory I just posted a moment ago really starts coming into view.** + +If they have a game plan called Cellar Boxing, and they're allowed to be exempt from all these rules and have sleeper agents on the inside of all these companies, if the SEC is in on it, if the DTCC is in on it, if even the friggin reporting agencies are in on it and Yahoo and other companies censor the data for them... Then it just makes sense that the Venture Capital firms would be in on it as well. + +When you zoom out and see it for all it's worth, it feels like our entire economy is fraudulent, not just the stock market. + +The stock market exists as the mechanism of which they launder their money. Everything else exists to funnel money into the stock market so they can squeeze the juice out of everyone's pockets. + +If this were compared to sales, then each company they create to short into bankruptcy would be considered a lead. They're criminals creating companies as ponzi schemes and pretending you have a chance at winning. It's a casino and it's very heavily and obviously rigged. + +Next DD: + +[Ceiling Boxed. The MOASS is upon us. For real.](https://www.reddit.com/r/Superstonk/comments/r0sji0/ceiling_boxed_the_moass_is_upon_us_for_real/) + +TL;DR: + +>Stop giving into hype. Buy your shit, DRS your shit, and let RC do his shit. It's gonna be fine. + +**Looking back on it, this post was summarizing the last year and giving a fresh perspective on the rigged market by telling the con artist game in the form of a story. While also addressing the options rug pull that happened in November which happened again recently.** + +I called that options rug pull a week before it happened and got downvoted like crazy until I was right.. + +Again I'm calling the recent one a rug pull and have gotten downvoted for saying it. + +In that post I said MOASS is upon us and we could potentially hit $50 before the spike. + +Lowest price recently was like $86. I wasn't far off. It might go lower before then. TBH I hope it does because I want to buy as much as possible before MOASS. + +Next DD: + +[DADA: Defense Against The Dark Apes.](https://www.reddit.com/r/Superstonk/comments/sac6eh/since_theres_so_many_posts_about_shills_on_the/) + +TL;DR: + +**I can't TL;DR this. You have to experience it for yourself. All I can say is go in blind, and gain some wrinkles to arm yourself with the Defense Against The Dark Apes. After you read it, FUD will bounce off of you like never before. You will be impervious to all shill activity.** + +**It's long and annoying and it's a complete mind fuck. Highly recommend reading it all the way through.** + +That post is suppressed by shills every time I try to repost it. It's the most detailed post I've ever made and ever will make. People say it's too long though so I'm working on a shorter version. + +**In conclusion:** + +The market is fraudulent. Shorts have not closed. DRS is the way. Options are great **if you know how to play them ON AN EVERY DAY BASIS** not just for a specific week. + +Any time someone tells you to buy calls for a specific week it's going to be a rug pull. Everyone in the market is in on it. No one in the world of traditional finance wants MOASS to happen because it'll put too much power into Retail's hands. So they all are doing what ever fuckery they can to save themselves. And are failing. + +Everyone is working against Retail. It's one giant Ponzi scheme. It exists to steal people's money. And all I have to do is DRS my shares and fucking wait. RC will do a thing one day. + +BUY, HODL, DRS, and go about your life being zen af until the day you're a billionaire. + +Period. +My dad has been a chef and restauranteur for his whole life and has done well for himself to get this far. The thing is he is now having to sell his business because his body can’t take the cheffing anymore. + +However, he can’t afford to retire and so will need to do something else to stay afloat for himself and the family. He is 60, doesn’t have any qualifications, nor any computer skills and still has a mortgage. What jobs might you suggest he could apply for which pay a modest salary? +Surely the Federal Reserve has excellent economists and mathematicians on staff. People who can compute double integrals in their sleep and find a matrix's eigenvalues without using pen and paper. Surely there exist mathematical equations and numerical models based on huge datasets that attempt to optimize the interest rates to apply to achieve the Federal Reserve's policy goals. So why are these economists and mathematicians not using these equations and computer models to tell the board of governors: "In order to achieve your policy objectives, we should increase rates by 0.1763% at time t1, by 0.8425108% at time t2, and by 0.546858% at time t3". Or if they do, why is the Federal Reserve not listening? +I have co-owned my apartment with my brother for a few years. He’s now moved out to live with his partner and there is a lodger in his place. + +The inevitable has happened and my brother would like to sell the property so that he can buy with his partner. + +But I’m really unsure what I want to do. We have 160k left to pay and the property is valued at 330k. + +The options I have come up with so far are + +1. I take out a new mortgage in order to buy my brother out and continue living in the place I’ve called home for the last 15 years, which would financially stretch me to the limit, but with the rent money from the lodger it would be doable. Then my brother would get his equity and can do his own thing. + +2. We sell the property, each take our share of the equity, and I use my share as a hefty deposit on another property. + +I think what I’m trying to work out is if there is any reason why I shouldn’t sell up. Selling the property has been talked about a few times in the past and I’ve always been told by relatives to not sell, as it will be a valuable asset to have in the future as a rental property. But, the money I would require for a deposit for another property is locked up in this one. + +This is a bit of a ramble and I don’t really have a specific question. I think I just need some opinions. +I'm 35. I just charted out the rest of my life until my expected death at age 82. I consider anything above 50 to be "old", so I've been planning my life as though I have 15 years left to live, in a sense. + +To state the obvious, there are 32 YEARS between the ages of 50 and 82. That's almost as long as I have lived so far. I didn't fully appreciate it until I had every year laid out in a spreadsheet. + +I'm already pretty close to FI, so I was looking at a retirement age of 40. But now I'm considering 50 or 55, with a FatFIRE mindset, given just how long I'll statistically have to live after that. +CEO Matt Furlong + +"Thank all our team members for continuing to bring tremendous focus and intensity to Gamestops mission" + +"We continue to see a customer first culture taking hold throughout our stores, fulfillment center and corporate offices. Maintaining this emphasis on the customer will remain key as we work to grow across categories and new areas" + +"During the quarter we focused on expanding our selections, accelerating delivery speeds, and improving the customer experience" + +"We also made long term investments in our infrastructure, talent and technology. We believe our emphasis on the long term is positioning us to build what ultimately will become a much larger business relative to where we are in 2021" + +"We have also been exploring emerging opportunities in blockchain, NFTs and web 3.0 gaming" + +"With this context in mind, here are a few recent initiatives of note" + +"We continued growing our catalog by growing across consumer electronics, pc gaming and other categories with significant addressable markets. Some of the brands we have established new and expanded relationships with include: Samsung, LG, razor, vizio, logitech and asus. Just to name a few" + +"Sales attributable to these new and expanded brand relationships helped drive growth in the quarter" + +"We also began implementing new assortment strategies within our stores, including PC gaming merchandise across approximately 60% of US locations" + +"With respect to hiring: we kept adding talent across the organization; including specialist with experience in eccommerce, UI, UX, blockchain, operations and supply chain" + +"Over the course of 2021, we have made more than 200 senior hires from some of the top technology companies" + +"We also recently added a new office in Seattle and have identified a new office in Boston. Positioning us within two tech hubs with strong, local talent markets" + +"Having footprints in these cities, will help us attract and retain tech focused teams, will expertise in eccomerce, and other areas" + +"Shifting gears to our fulfillment network, we started shipping orders from reno nevada while increasing shipments from york pa" + +"Our expanded network is continuing to help us improve shipping times to customers across the US" + +"Additionally, we recently announced a plan to hire up to 500 associates at our new customer care facility in south florida. The facility, which is now operational, will be a key part of our new US bases customer care operation" + +"Lastly we further strengthened our financial position by securing a new 500 million dollar ABL facility which closed early in November, which has improved liquidity and terms. The facility provides for reduced borrowing cost, lighter convenance and more flexibility" + +*financial numbers* + +"As indicated in the past, long term revenue growth is the primary metric by which stock holders should assess our execution" + +"Cash and cash equivalence over 1.4 billion, 1 billion more than last year" + +"We continue to maintain a large cash position, even while front loading investments and inventory to meet heightened demand and mitigate the full impact of global supply chain orders" + +No debt + +1.14 billion in inventory + +*financial numbers over* + +"Before wrapping up i do want to quickly reinforce some key points about our go forward operating philosophy. Our emphasis on the top line, stems on our leaderships significant e-commerce experience and believe revenue growth is critical" + +"We believe revenue growth will translate to scale, and market leadership. And from there, scale and market leadership will translate to greater free cash flows over time." + +"Our focus on the long term, means we will continuously prioritize growth and market leadership over short term margins" + +"Ill leave it there for this quarter. As always we appreciate all the enthusiasm from customers, employees and stock holders, who we believe are the best in the world" + +I literally cried when he said we are the best in the world + +edit: i removed my commentary, sorry i was so jacked up. in addition here is the link to the earnings if you want to double check any specific wording https://viavid.webcasts.com/starthere.jsp?ei=1515593&tp_key=9240deb374 +So someone got into our Kohl's shopping account and ordered $1000+ worth of stuff and had it shipped to our house. It was an odd thing, why would they do that? I called and disputed the charges as I didn't really want the goods and they opened a case and said more information would be forthcoming. + +A week or so later I get a letter saying that they have determined that the charges were legitimate and that they have closed the case. + +In the mean time I have $1000 worth of stuff in my house waiting for "further instructions" + +I call back in and am a little frustrated at this point. They explain that what the perps are after was the Kohl's Reward Cash, which also goes into your shopping account as well as gets emailed to you. + +I do recall this from the first call, she said that she was going to "get the Kohls Cash quick"... but that was all that was said at that point. + +So I reiterate that I did not make the charges but wanted to know what I am supposed to do now. + +They said to just return the stuff to the store get my refund and be on my merry way. Easy enough... other than the inconvenience of doing so. + +This is where it goes bad. + +I return the stuff to the store... but they can't give me full credit for it because... someone spent the $200 Kohl's Cash already. + +Cue the next phone call while the store manager (who was awesome I might add) works with me trying to resolve the issue... this isn't the first time they have seen this issue, at this store just the week prior they had another fraud return. I'm guessing there is an exploit on their website somewhere that people have gotten into or something, they didn't get into our email or anything else... someone needs better site security + +I digress. + +Anyway, turns our that the cash was indeed spent, and they track it down to a store literally across the country from me. Guy says "no problem, I will put back in the dispute and they will clear up the $200 no problem... unfortunately I can't do it, I have to reopen the ticket with the original person running the dispute" + +I'm starting to gather that this "original person" is a real moron. + +Ok, so I'm happy again. Things will get patched up no problem right? + +Wrong. + +I get my bill a week or so later, the $200 is still on there and now they want me to pay for it. + +I call in again. + +This time I'm rather mad, I've been kind long enough but this is going on 5 weeks now. + +Turns out Original Person decided that since the Kohl's Cash was indeed delivered to our email address that we MUST have spent it ourselves... somehow teleporting across the country to do so, and also forgetting that the perps had access to our shopping account and got the Cash info as it is instantly delivered with your purchase. + +So now I open the dispute again, we spelled out the problem for Mr./Mrs Original Person what the problem is, explaining that it was spent in a different state, and that the shopping account which also contained the cash was compromised. + +What other recourse do I have? This stupid card doesn't have a Visa/MC logo or anything on it. I'm about to shred the whole thing and let it sit out there and dispute it at the credit agency level. + +KOHL'S Get your act together and secure your dumb website! + +Edit: + +Thanks for all the suggestions and help. It is a great community here! + +I did run the https://haveibeenpwned.com/ search, great idea BTW. One hit showed up but that site was only an email database, no passwords attached to it, leading me back to the idea that it is possibly an exploit on their website. If you read down through the replies, it seems like it is an organized group doing this based on the types of items being purchased (rugs in several) they group that hit me also had the ability to spam our inbox trying to hide the order confirmation email among the garbage messages, no everyone has that ability. +The US Government has a lot to gain from the MOASS happening, and so much more to lose from preventing the MOASS from not happening. And it's not just 37% capital gains taxes either. + +[As other DD has proven, Citadel has far too much power within the stock market.](https://www.reddit.com/r/Superstonk/comments/od4bb1/the_sun_never_sets_on_citadel_part_2/) And with their recent actions and numerous violations without solid consequences, it is in the government's best interest to stop them. + +We also know from the actions of the financial regulators that they have been pumping out new rules like there's no tomorrow which protects themselves and ensures that no matter who falls they'll be covered and the destruction of any hedge funds won't have too significant of an effect on the markets. + +But most importantly, the more the MOASS is delayed, the more the general public becomes aware of all the corruption within the US Financial Markets, and the less control they have over the people and the narrative. + +With so many topics related to financial regulators, GME, MSM mistakes, and SHF's trending on Twitter every week, and with how much attention r/superstonk is now garnering (and of course with so many GME investors refusing to sell), they've practically already lost their ability to control the narrative despite all their money, fame, and power. + +**With all these things in mind, the government needs SHF's to fall as scapegoats for the mess they got themselves in, and for those who went long on GME to be rewarded with their inevitable tendies (and of course the capital gains taxes for the government). It is the only way to minimize the fallout of ANOTHER impending market crash; especially one that's coming just as society is just starting to recover from the pandemic.** + +I still know that there are going to be protests and angry mobs; even towards the HODLers of GME who were able to make unimaginable wealth off "manipulating the system" (even though they've done nothing wrong and did anything but manipulate the system). + +But hopefully with time, and with the newfound power of GME holders, the general public will be able to solve the actual manipulation that has been going on for too long. + +# TL:DR; The US Government desperately needs to get rid of Wall Street funds that have gotten too powerful, scapegoats to shift blame off them for the next crash, and for them not to lose control of the general public once the crash happens. The MOASS is their best chance for all these things to happen, and they more than likely know this as well and are doing what they can to make it happen. + I’ve recently been doing digging after hearing from an Ape that a corporate lawyer he knows told him that a HF's client's contract can become null and void if the client believes the HF managing their funds will be investigated (meaning clients can request withdrawal of their money, and although the process takes time, it could be opening the door to early withdrawals). This would explain why Citadel came out of the rabbit hole with all the tweets and threats of litigation for flying banners. + +I couldn't verify this information myself, as not all contracts are the same, but I took a few law classes in the past, and I know that a contract becomes null and void when one party is engaging in criminal acts under the contract. + +In this instance, there could be a clause in the contract that allows the investor the right to get back his funds (declare the contract null and void) if he/she has reason to believe the HF in question is under criminal investigation. + +However, Ape u/87CSD said something that I wanted to highlight: + +A larger excerpt of his comment: + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +"Contract specialist here... + +Contracts can be found to be  completely null and void for a few reasons. Examples - It is not enforceable, or within it there's a mistake, misrepresentation, or fraud (i'll get to this in a second), OR if one party had undue influence or experienced duress vs the other party, or if one party was not legally fit to form a contract aka lacked capacity (underage, not mentally fit). + +Back to the fraud part above - This would only be applicable if the HF and client's contract explicitly state that the HF was going to make the client money by commuting a particular fraud (ie Ima make you $10mill this year by creating a fake company to bilk others out of money) OR if in the case of shitadel they are found to have been conducting fraudulent activities which is most likely the case, BUT... It would have to be proven in court. These clients can't just be like "Well I saw an airplane banner or superstonk said you're a crook Kenny! I'm out". It's not that easy (yet) and could easily get messy considering Ken seems to be threatening to sue anyone and everyone for anything lately. + +OK so Ken's clients can't just pull their money out so easily yet, so what other options do they have if they want his money before he ends up in jail and loses every penny to us apes? + +Exit clauses within a legally binding contract. It all depends on the wording within the contract in regards to exit clauses or terms / lengths. There's most likely several different clauses within their contracts to allow for the SHF (Ken) and the client to part ways. Examples - there may be a certain time frame notice required to leave (with or without penalty), there may be a mutually beneficial clause (if both agree it's in both their best interest to cut ties), there may be a performance clause (where if you don't make me $x or don't at least track with the Dow, I can leave), etc. + +So what clauses are most likely to exist in these contracts? **It would all depend on the relationship between Ken and these clients - who has the bargaining power? If it's a fucking massive whale with billions? Most likely them. If Ken wants their money badly enough he'll allow for any # of client exit clauses (still most likely will have some time element in there though (ie 30 days notice).** If it's a small fish with a couple milly, most likely Ken. He'll be able to lock these people in for as long as he wants." + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +The part in bold made me think. Look at all the attention we've brought against Citadel recently: + +https://preview.redd.it/u871v51qlvq71.jpg?width=1079&format=pjpg&auto=webp&s=d23630a73dc3fc9e627f82efc61a7d4a5ba71f1e + +Reports of SEC investigations into Citadel, #1 trending on social media, plane banners with "Citadel Scandal" written on them flying around the SEC building, Kenny perjuring himself in front of Congress, with all those representatives being alerted by Apes. + +Imagine you were a wealthy aristocrat with a billion or two, or even a few hundred million in Citadel Securities, and you're seeing a massive movement exposing corruption against Citadel trending worldwide? You might also look into recent Citadel activity and see how overleveraged and close to bankruptcy Citadel is when they get margin called and liquidated like Melvin. What would you do? Well, you'd probably start acting a little like the investors at Evergrande wanting their money back before the ship sinks, wouldn't you? + +And if Kenny boy really wanted your money in the past, so much so that he left you a bunch of exit clauses in the contract, as the contract specialist Ape mentioned, well, it would be relatively easy to pull out your $500 million or $1 billion or so, especially since you have the money to hire the lawyers to do so. + +You get a few of those guys pulling out, what happens? Kenny loses collateral on the other side, too. So, not only is he getting fucked with DRS, but now his own investors are pulling out and he's losing the leverage required to continue to create synthetics and sustain his short positions. + +This could very well explain why he's panicking, and now, 9 months since Citadel last tweeted, they're bombarding their Twitter with tweets all of a sudden. + +This is also a sign that people want out. If everything was normal over there, they wouldn't have been making 7 tweets in 10 minutes, deflecting blame, and taking the time to have lawyers write letters threatening to sue Apes. + +It looks to me that people are jumping the sinking ship, and with the float getting closer and closer to getting locked up via ComputerShare, along with these recent revelations, it's safe to say that shit is getting real spicy going forward. + +TL;DR: Some whales with lenient exit clauses in their contracts may be pulling out of Citadel, and now Kenny is panicking like you've never seen before, losing money from not just Apes, but some of his own whale investors that are coming to realize they don't want to be known as the blokes that lost their investments to a criminal hedge fund that sunk into insolvency. + +TA;DR: Hedgies = mega fucked. Stinky banana getting shoved through both holes of Hedgie. Hedgie can't cope. +Snowflake opens at $245 per share in market debut, after pricing IPO at $120 + +https://www.cnbc.com/2020/09/16/snowflake-snow-opening-trading-on-the-nyse.html?__source=androidappshare + + + +Snowflake shares surged more than 150% in its market debut on the New York Stock Exchange on Wednesday, in the largest ever software IPO.  + +Stock began trading at $245 per share before being halted due to volatility. Snowflake on Tuesday priced shares at $120, higher than the $100 to $110 range it estimated on Monday, and a huge bump from the $75 to $85 range it proposed in a filing last week.  + + +Edit: Warren Buffett’s Berkshire Hathaway just made a fast $1 billion on Snowflake’s surging IPO +https://www.cnbc.com/2020/09/16/warren-buffetts-berkshire-hathaway-just-made-a-fast-1-billion-on-snowflakes-surging-ipo.html +In light of the impending rocketing of electricity unit prices, I've been inspired recently by some posts on this subreddit to look into how much electricity each device in my house consumes in different states (standby, idle and active) and made myself a spreadsheet to analyse it all. I've also built in a comparison tool to differentiate between electricity tariffs. + +I am pretty pleased with the result and equally got a shock with how much more it's going to cost me so wanted to return the favour and share it (You'll probably need to save your own copy to make changes). + +[https://docs.google.com/spreadsheets/d/1gjmvgU2NnmoYZfYWljlxuoNuX\_4b5IZRujrZUvJbXYM/edit#gid=322032515](https://docs.google.com/spreadsheets/d/1gjmvgU2NnmoYZfYWljlxuoNuX_4b5IZRujrZUvJbXYM/edit#gid=322032515) + +I used a pretty standard watt meter and measured each device individually over the course of several weeks and made some interesting observations of my own... + +* My PC speakers use an old style transformer power supply and consumes \~7W powered off. So I've put all my PC and peripherals onto a 6-gang extension lead with a switch, that gets turned off every night. +* My 20yr old fridge consumes on average 120W (worked out over the course of a day or 2). This is quite a lot considering new units on paper consume significantly less than this. It's possible that I might be financially better off buying a new, economical fridge to replace the one I have. +* My NAS (home server) eats through around 23W when doing nothing, so I've now changed my power on/off plan to shut it off during the night when I'm not using it. + +I'm open to feedback and suggestions to improve this :) +This is really just a rant. I have a commercial tenant in a strip mall in Michigan that dropped off the face of the earth and will not return calls or emails. He owes about 2 months rent. We tried calling about 20 times and begged him to just sign the unit back over to us and we will work out the arrears. Instead, he decided to go dark and continue to rack up rent and potential damages. + +Okay, we file for eviction. We are in the process and cannot enter “his” unit without a court order so we wait. Well earlier this evening, water started pouring under his wall into the neighbors unit due to a burst pipe from the freezing temps. After hiring a locksmith and getting into the space after what is now considered an emergency, we are facing over $40,000 in damages. We will sue, but he is a piece of human garbage and likely uncollectable, so this will be fun. + +I just wanted to point out that all of this could have been avoided if he said he couldn’t pay from the beginning and signed the unit back over to us. I’m tired of reading subreddits where people demonize landlords because it often does happen the other way as well. + +There, rant over. + +Edit: TLDR: tenant ghosted me and the unit flooded during the eviction process because we couldn’t enter. + +Edit: rewording in last paragraph for clarity. +I know that – as supportive as this community is – we all love a bit of loss porn. Who knows, I might even feel better after I tell you about my holiday last week. + +I recently left the relative comfort of ThetaGang and its strategy-based approach to trading (you know the one – SELL options to degenerates) for a holiday in the sunshine over at WallStreetBets. I wouldn't usually vacation at such a brash destination but tickets were dirt cheap and for a journey to the moon, I couldn't say no! + +The brochure sure was so convincing. They explained all about the latest attraction – a ride called THE SHORT SQUEEZE – which sounded like a helluva thing. Especially for someone like me who loves rides. + +And the food? Well, there were all these massive green numbers that looked so tasty and ripe. I could see myself there, amongst all the happy people coming off the ride, chowing on all these juicy green numbers. Ahhh I'd be in heaven! + +But there was a small catch; I needed to get on the rocket pronto because tickets were selling out fast and it was about to lift off. There was no time to think! I threw caution to the wind and grabbed a few tickets for a total of about $4000 (a bargain for a trip to the moon!) and off we went. + +The next few days were... disappointing. + +At first, the rocket was doing well. I doubled my money. I felt great and really thought about getting off. But all the other passengers kept saying that we weren't even close yet. They sounded knowledgable and well-travelled. So I clung on. + +As we hit the peak, at around $400 (or something, I can't remember. It's all a blur) I put my earplugs in to drown out the sound of baying passengers and mooted to the flight attendant (a nice young chap called Trading 212) that we should have arrived by now and that I should like to get off with my luggage. He ignored me. It was like he couldn't hear. Or wasn't listening. Maybe he just didn't give a damn. + +Something felt strange and I started to panic. Shit. This ain't right. I hit the ejector button but nothing happened. I hit it again and again. NOTHING. + +By this point, other passengers on the WBS rocket were starting to panic. They were all moaning to one another about the same thing: their flight attendants (Robin Hood and his flight attendant friends) wouldn't stop the rocket or let them get off. It was genuinely confusing. We'd paid, hadn't we? Was our money no good here? Or was it too good here? Either way. It was clear that our money was not ours any more. + +And of course, the really troubling thing was that at the same time everyone was panicking, they were shouting, no, screaming at one another to hold on. "Stay on the rocket!!!" they were screaming at one another "this is the greatest journey in the history of journeys!!", "we'll never be able to go on this journey again!". "I LIKE THE STOCK", grimaced one teenager, glancing up from his phone with a look of sheer terror as it pinged with a WhatsApp notification from his granny that simply said, "your gramps would be proud that you're spending this inheritance on a trip around the world. Lots of love. Granny." + +But as they shouted I could see them fruitlessly smashing their fists into their ejector seat buttons too. It was fucking carnage. + +After days (I shit you not... DAYS) of this terrifying, head-bangingly anxious, stratospherically expensive journey, I finally managed to escape and leave the cauldron of misery behind. + +The cost? I'd wasted about 70% of my original stake. Not to mention the 100% gains I watched evaporate as I sat in that rocket. + +So. I say this. + +Never. Fucking. Ever. Again. + +TLDR: + +Cheap tickets to the moon? + +Never. Fucking. Ever. Again. +I was thinking of setting aside 10% of my stock portfolio for gambling. Not casino gambling but stock market gambling. Stocks, ETFs, Mutual Funds, and other investments I can buy through Fidelity Investments that have the potential to make me lots of money in a very short time, but also have the potential to drop rapidly in a period of market turmoil. + +Here is an example of what I am talking about: **TQQQ** (TQQQ is a levered fund that delivers 3x exposure only over a one-day holding period of NASDAQ-100 stocks. The underlying index includes 100 of the largest non-financial companies listed on NASDAQ based on market capitalization.) + +If I had invested $10,000 in TQQQ ten years ago it would be worth $797,065 today. But it went for a wild ride during the last ten years. Even in an era of a booming stock market, it dropped 49.2% during a market correction. The worst was during last Spring when the COVID crisis scared the stock market. But if I ignored all the ups and downs I would be rich if I sold it today. + +During the last 12 months, TQQQ went up 172%. + +There are other investments that are similar. What do you think of putting some of your money in a similarly high risk but high potential reward investment? +40m, ~$630,000 NW, ~$230,000 HHI of which $165,000 is me. MCOL small city. My wife just returned to the workforce after 11 years home with the kids which gives us quite a bit more risk tolerance to explore and optimize our income. I'm an electrical engineer by trade, but came out of school as a Project Manager. After a couple switches I joined my current company in 2010. Industry is warehouse automation and I'm in the software division. I've gone from $65k to where I am now. I spent about six years as a heavy travel hands on PM, moved into some management responsibilities in that dept, then for last 6 years have managed a QA team split between US and offshore. I am also still very involved in operations, and as part of our division's very small management team am integral in every major decision, strategy, process improvement for our division. I am technical and hands on, but have also been consistently praised for leadership and strategy. Reviews have always been glowing from my leadership, peers, and direct reports, and I'm very well respected throughout entire organization at my level. I have always seen just enough compensation increase to keep me from looking elsewhere. + +All that said, my advancement has slowed and I don't see a clear path to a future beyond Director level. We are extremely flat and have a young and hungry group. I don't feel like I'm being groomed for anything more and have no mentors above my position even though I get along pretty well with executive team. I know that the next step is likely to look for an external opportunity, but I do really enjoy the projects we work on and am very comfortable with the flexibility and autonomy I have earned. + +I'm not terribly interested in QA, just took it on as there was a need. I am willing to look at other organizations, but struggle to think of what all roles to consider and what tools to use (where to look for higher income roles). I'm not too keen taking a huge risk or starting a business as I am comfortable and now that wife is working again and we can increase savings rare (45%) on track towards the low end of my FI goal. At this point I'm planning to work until kids graduate college and I'm 55. If things accelerate I would likely reduce that a few years or switch to a coastfi strategy. +>This is refined and reformatted version of my previous [MOASS Thesis Summary](https://www.reddit.com/r/Superstonk/comments/nletnn/gme_the_mother_of_all_short_squeezes_moass_thesis/?utm_source=share&utm_medium=web2x&context=3) that can be found in the [DD Beginners Guide Page](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_medium=android_app&utm_source=share), and includes some new formatting and concepts. This one will replace it if it is well-received (either the post of the contents, either way, the link will take you to the right info). +> +>This content is still a slight work in progress and is not perfect (working to expand a couple newer sections), so feel free to offer suggestions. + +# I. IMPORTANT LINKS FOR NEW MEMBERS TO r/superstonk + +* [APE Security Protocol (how to secure and protect yourself online)](https://www.reddit.com/r/Superstonk/comments/nsgv3d/ape_security_protocols/) +* [DD Beginners Guide Page](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_medium=android_app&utm_source=share) +* [Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +# II. INTRO / INTENTION OF POST + +The core intention of this post was to frame the MOASS Thesis in a way that was understandable to individuals inside and outside of the community (especially those who are relatively new to the market). It also is intended to serve as a reference to leverage if you are ever trying to explain to someone why you think it is a good investment option. + +This post will give a *relatively* simplistic breakdown of the current situation and landscape of GameStop Stock (GME). It will summarize the theory that GME's price will soon reach astronomical levels during a massive short squeeze, AKA "The Mother of all Short Squeezes (MOASS) Thesis". The bulk of this post is a breakdown of the market terms and concepts that will need to be understood in order to fully comprehend the who-what-when-where-why-how. + +# III. Personal note + +Feel free to use the contents of this post however you want. Don't worry about asking for permission to copy it, cross-post it, translate it, refine and use it in your own posts, etc. + +Leave a comment if you have any questions. If you prefer Chat or do not meet karma requirements, you can hit me up on chat as well + +>Note that, while I may have a good grasp on the concepts broken down in this post, my background is not in finance, investing, or trading, so there may be some questions I do not have the answer do (especially if they are not called out in this post) + +I have found myself more active on [Twitter](https://twitter.com/intent/user?screen_name=HCMF_MaceFace) than I ever really expected to be, so feel free to [follow me](https://twitter.com/intent/user?screen_name=HCMF_MaceFace) if you want things like the below: + +* Antagonizing Market Adversaries, MSM Shills, etc. +* Meme-ing with SuperStonk and the other Apes in the community +* Getting Notifications for Future DD I post + +**Disclaimer** + +>This writeup is NOT intended to serve as a source of proof/evidence behind this theory, and it operates under the assumption that the theory is valid and that the conditions it is built on are valid. Credit for the DD this Thesis is based on belongs to the broader retail community inside and outside of r/superstonk. I personally contributed very little beyond synthesizing and summarizing the thesis and mechanics in a digestible way to help enable others to get the word out, and I am not an expert on really any of these topics despite having some knowledge in them. + +# IV. TL;DR (Also at Bottom) + +1. Toxic Market Participants have built up massive [short positions](https://www.investopedia.com/terms/s/short.asp) made through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) +2. Retail caught on to this strategy and discovered it can backfire if the company being shorted does not go bankrupt, especially if shares are bought and held indefinitely +3. Rules and regulations have implemented by the DTCC and its subsidiaries have been geared towards preventing market collapse, as well as to minimize the ability to perform illegal trades (naked shorting) +4. The SEC is also doing more to enforce compliance with the "rules" +5. The manipulators are at the mercy of a vicious trade cycle (t+21 FTD Cycle) that is forcing those with naked short positions to perform actions to [cover](https://www.investopedia.com/terms/s/shortcovering.asp) (buy back shares that are short), or risk regulatory consequences +6. This act of rapid covering drives up the price, making it more expensive to cover during the next cycle if the share price continues to increase week over week +7. Eventually, the prices of GME will get so high that prime brokers/clearing houses will have no choice but to [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) these participants which most likely will not be affordable due to the nature of [Short Squeezes](https://www.investopedia.com/terms/s/shortsqueeze.asp), causing them to default +8. The [Prime-Brokers](https://www.investopedia.com/terms/p/primebrokerage.asp) will then take on the position, and if the Prime Brokers cannot cover them and also defaults, the NSCC will be next to attempt to settle all positions left over based on their [Recovery and Wind-down Plan (p42)](https://www.dtcc.com/~/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf) +9. If NSCC cannot afford to close everything with the money reserved for this type of situation, they the Fed must navigate the remaining positions (potentially via printing money/bailout) + +# V. KEY CONCEPTS + +These terms are key to understanding the theory and speculated value of a GME investment. Hyperlinks to [Investopedia](https://www.investopedia.com/), "the world's leading source of financial content on the web", have been included for most market terms and concepts and it is recommended to check them out if they are not clear. We will be breaking down some of the more complex terms and concepts within the post and framing them within the context of GME. + +Table of Contents for Key Concepts + +1. Stocks Concepts + 1. Share/Stock + 2. Synthetic Shares + 3. Outstanding Shares + 4. Restricted Shares + 5. The Float + 6. Annual General Meeting + 7. Shareholder Votes +2. Trade Positions + 1. Long Position - Buying/Selling Stock + 2. Short Position - Shorting/Covering Stock + 3. Naked Short Position - Naked Shorting/Covering Stock +3. Market Participants + 1. Retail Investors + 2. Institutional Investors + 3. Market Makers + 4. Prime Brokers + 5. Clearinghouses + 6. MSM +4. IMPORTANT MARKET/TRADE MECHANICS (MOASS) + 1. Fails to Deliver (FTD) + 2. Margin + 3. Margin Calls + 4. Margin Calls Who Calls Who + 5. Short Squeeze + +# 1 - STOCKS CONCEPTS + +## 1.1 - Shares/Stock + +[Shares](https://www.investopedia.com/ask/answers/difference-between-shares-and-stocks/#shares) are the smallest unit of a Companies [Stock](https://www.investopedia.com/ask/answers/difference-between-shares-and-stocks/#stocks) + +* Stocks and Shares are often used interchangeably +* Technically "shares" would represent how many of a specific company's stock, where buying multiple "stocks" would main that shares of multiple company's were bought + * ex. I bought 2 stocks; 10 shares of GME, and 60 shares of AMC +* There are different [classes of shares](https://www.investopedia.com/terms/c/class.asp) that are distinguished on their voting rights, sales charges, and other factors + * Classes of shares have relatively complex dynamics, but I will not go further into them here, as it is not as relevant to GME/AMC + +## 1. 2 - Synthetic Shares + +[Synthetic Shares](https://www.investopedia.com/terms/s/synthetic.asp) are the financial instruments that get produced through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) + +* Not to be confused with [synthetic options](https://www.investopedia.com/articles/optioninvestor/08/synthetic-options.asp) positions, which are legal/legitimate trade strategies that "simulate" the profits/losses as if the trader actually held those shares +* Synthetic shares entitle the owner to all of the same rights as an investor owning a non-synthetic share +* Cases where there is an excessive amount of synthetic shares point to the possibility that a stock is being abused or manipulated +* Cannot be easily measured due to limited public transparency at the Market Maker and Prime Broker level + +## 1.3 - Outstanding Shares + +The number of [Outstanding shares](https://www.investopedia.com/terms/o/outstandingshares.asp) encompasses the amount of issued shares held by all shareholders (both private and public) + +* It is possible for there to be more shares outstanding through Naked shorting, which produces Synthetic shares +* The number of issued AND synthetic shares outstanding is very difficult to measure, as they are only recorded on the books of the market makers generating synthetic shares and the prime-brokers they trade through + * These parties are not incentivized to be transparent and actively obscure these numbers, as the practice of naked shorting excessively is fraudulent and illegal + +## 1.4 - Restricted Shares + +[Restricted shares](https://www.investopedia.com/terms/r/restrictedstock.asp) include the number of issued shares held by insiders of the company + +* These shares are not publicly traded on the stock market + +## 1.5 - The Float + +[The Float](https://www.investopedia.com/terms/f/floating-stock.asp), or Floating Stock is the number of shares of stock that are available to be publicly traded (the number of [Outstanding shares](https://www.investopedia.com/terms/o/outstandingshares.asp) minus the amount of [Restricted shares](https://www.investopedia.com/terms/r/restrictedstock.asp) that are owned by insiders). + +* In theory, the number of shares owned by [retail investors](https://www.investopedia.com/terms/r/retailinvestor.asp) and [institutional investors](https://www.investopedia.com/terms/i/institutionalinvestor.asp) should not exceed the float +* GME’s float total is currently \~[56.89 Million](https://finance.yahoo.com/quote/GME/key-statistics/) shares (as of 6/10/21) + +## 1.6 - Shareholder Votes + +[Annual General Meetings](https://www.investopedia.com/terms/a/agm.asp) basically is an annual meeting that allows shareholders to vote + +* Votes are cast for things like + * Appointment of directors + * Executive compensation + * Dividend adjustments + +# 1.7 - Shareholder Votes + +[Shareholder Voting](https://www.investopedia.com/terms/v/votingright.asp) is a right extended to shareholders holding shares in the stock that entitle the owner to vote on cooperate policies + +* Examples of what votes are cast for + * Appointment of directors + * Executive compensation + * Dividend adjustments +* [Overvoting (info in the middle of this page)](https://www.sec.gov/spotlight/proxyprocess/proxyvotingbrief.htm) + * When there is an overvote (like GME on 6/9), the votes will be normalized to a number based on the amount of shares that are held by DTC + * The official 8K form cannot be officially submitted with an overvote + * When this happens, the SEC and Company are notified + +# 2 - TRADE POSITIONS + +## 2.1 - Long Position - Buying/Selling Stock + +When an investor buys a stock they are considered [long](https://www.investopedia.com/terms/l/long.asp) on it (this is the type of position most people associate with trading stocks) + +* Not to be confused with a [long-term](https://www.investopedia.com/terms/l/longterminvestments.asp) investment +* In other words, holders of long positions have a **positive** number of shares +* To [close](https://www.investopedia.com/terms/c/closeposition.asp) a long position the owner would sell their shares on the stock market + +Basic flow of obtaining/closing a long position is: + +1. Buy the stock +2. Hold it until the price of it increases to a desired amount +3. Sell it for a profit + +## 2.2 - Short Position - Shorting/Covering Stock + +When a short seller shorts a stock they hold a [short position](https://www.investopedia.com/terms/s/short.asp) on the stock, or owe the party they borrowed from however many shares they shorted + +* Not to be confused with a [short-term](https://www.investopedia.com/terms/s/shorterminvestments.asp) investment +* Investors with short positions effectively are *in debt* or *owe* the number of shares that they have shorted and can be considered ***negative*** on the stock +* To close that position, short-sellers must buy a number of shares equal to the size of their short position (buying to close a short position is known as [covering](https://www.investopedia.com/terms/s/shortcovering.asp)) +* Short positions must be reported to regulators (unlike naked short sales) + +Basic flow of obtaining/closing a short position: + +1. Borrow a share owned by a lender +2. Sell the stock that was borrowed +3. Gaining the cash based on the price it was at the time it was “shorted” +4. Pay interest as a percentage of the stock's value +5. Since this is a percentage the cost of interest increases if the stock's value increases +6. Hold the position until the price has dropped to a desired price +7. Buy the stock on the open market +8. Ideally the stock is bought back at a lower price than originally borrowed for so the investor can pocket the difference +9. Return the share back to the lender + +## 2.3 - Naked Short Position - Naked Shorting/Covering Stock + +[Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) effectively allows a Short Seller, working with a market maker, to short a stock using a without having a borrowed share like normal short selling + +* Naked short sales do NOT have to be reported the same way as normal "Short Sales" and can be "hidden" + * Failures to Deliver the shares that were "fake-borrowed" to the buyer are on of the main ways to find evidence of naked shorting +* Due to a loophole and lack of oversight by regulation, Naked short selling can be used to manipulate the price of certain stocks + * This type of trade illegal outside of specific situations involving Market Makers +* Naked shorting was targeted for tighter regulation during the financial crisis of 2008 but enforcement has unfortunately not been effective in preventing it from manipulating the market + +Basic flow of obtaining/closing a naked short position (kind of complex and involves two specific parties for 2 initial trades called a married put) + +1. A Short Seller "A" buys 100 shares from a Market Maker "Z" who can technically sell them without locating them + 1. Market Maker is Naked Shorting the stock, and the Short Seller is receiving 100 synthetic shares +2. Short Seller "A" now buys a [Put Option](https://www.investopedia.com/terms/p/putoption.asp) (1 options contract is worth 100 shares) from Market Maker "Z" who is the [writer](https://www.investopedia.com/terms/w/writing-an-option.asp) of the put + 1. Writing/selling a put nets +100 shares to the Market Maker, which results in the -100 shares that were naked shorted to be neutralized, so the Market Maker no is at a neutral position (Market Makers generally try to remain net 0 on trades + 2. Short Seller "A" now has 100 shares that can be short sold (they "borrowing" the synthetic shares the Market Maker effectively printed out of thin air), and one put contract that they can make money on as long as the price goes down +3. The steps or the short seller are basically the same as a normal short sale now (2.2 steps 2-8), however, interest from the Short seller does not need to be paid to a lender (no one is formally lending it) + 1. The premium from the put being purchased from the Market Maker is how they benefit + 2. Short Seller "A" now has a short position that they can cover simply by buying 100 shares, which would cancel out the synthetic short position + +# 3 - MARKET PARTICIPANTS + +## 3.1 - Retail Investors + +* Retail Investors, also known as individual investors, are your average investors (not a company or organization) +* Referred to as the "Dumb Money" by Wall Street and the "professional" financial community +* Reddit communities + * Notable subreddits + * r/Superstonk + * r/gme + * r/amcstock + * r/wallstreetbets + +## 3.2 - Institutional Investors + +[Institutional Investors](https://www.investopedia.com/terms/i/institutionalinvestor.asp) are organizations that invest on individuals' behalf + +* Examples of Institutional Investors + * Endowment Funds + * Commercial Banks + * Mutual Funds + * Hedge funds + * Pension funds + * Insurance companies + +## 3.3 - Market Makers + +* [Market Makers](https://www.investopedia.com/terms/m/marketmaker.asp) are very different from "Investors" and are a bit harder to explain but basically are there to increase [liquidity](https://www.investopedia.com/terms/l/liquidity.asp) in the market +* When you buy and sell stock those trades are often going between you and a market maker +* Market makers get "special rules" that enable them to keep liquidity in the market when there is low liquidity +* Naked shorting is one of the options Market Makers have when navigating a trade that other investors do not have + +## 3.4 - Prime Brokers + +* A [**Prime**\-**Broker**](https://www.investopedia.com/terms/p/primebrokerage.asp) is a bundled group of services that investment banks and other financial institutions offer to hedge funds and other large investment clients that need to be able to borrow securities or cash in order to engage in [netting](https://www.investopedia.com/terms/n/netting.asp) to achieve [absolute returns](https://www.investopedia.com/terms/a/absolutereturn.asp) +* [Broker](https://www.investopedia.com/terms/b/broker.asp) vs [Prime-Broker](https://www.investopedia.com/terms/p/primebrokerage.asp) + * A broker is an individual or entity that facilitates the purchase or sale of securities, such as the buying or selling of stocks and bonds for an investment account. A prime broker is a large institution that provides a multitude of services, from cash management to securities lending to risk management for other large institutions. +* [Market Makers](https://www.investopedia.com/terms/m/marketmaker.asp) like go through Prime Brokers + * The Prime Broker is who would Margin Call Shitadel if their short position gets too large or they bleed too much capital + +# 3.5 - Clearinghouses + +[Clearinghouses](https://www.investopedia.com/terms/c/clearinghouse.asp) are intermediaries between buyers and sellers + +* Finalize transactions +* Regulates delivery of assets +* Reports on trading data + +# 3.6* - MSM (Mainstream Media) + +Though not a traditional market participant (as in they are not trade/financial entities) the [MSM](https://www.investopedia.com/terms/m/media_effect.asp) is worth noting due to its role in influencing the financial atmosphere and landscape + +# 4 - IMPORTANT MARKET/TRADE MECHANICS (MOASS) + +## 4.1 - Failures to Deliver (FTD) + +* [FTDs](https://www.investopedia.com/terms/f/failuretodeliver.asp) occur when a buyer of a stock ends up not having the money to purchase the stock that they traded for OR, **when a short seller does not own the stock at the time of settlement** +* FTDs are one of the main check-balances to naked shorting, so very high amounts of Failures to Deliver are indicative of this + * Spoiler: GME and AMC have tons of FTDs reported + +## 4.2 - Margin + +* [Margin](https://www.investopedia.com/terms/m/margin.asp) is basically credit that that an investor can use to buy more stock +* When you buy on margin you must stake the assets you have already purchased with your own cash as collateral +* The amount of Margin you can have depends on the value of your collateral +* The value of your collateral and cash but meet the margin requirements in order to continue to buy on margin +* Keep in mind the value of your collateral can change if the price goes up or down and if the value of your collateral/cash drops below the margin requirement you will received a [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) Another way to think about it: + +1. Imagine I have $1,000 in stock +2. You obtain a personal loan for another $1000 +3. To get the credit you stake your $1000 in stock (if you default it goes to the lender to cover your debt) +4. You buy $1000 more stock with that loan (you now own $2000 in stocks, half in cash half on margin) +5. You will pay interest on the $1000 on margin but if your investment makes more money than the interest then you are still profiting +6. If your investment turns bad (lets say the price of your stock falls 50% and you are left with $1000) your lender can forcibly close out your positions (everything you bought in cash and staked as collateral along with what you bought on margin so that they can get the $1000 they loaned you back) + +## 4.3 - Margin Call + +* A Margin Call is a notice indicating you have a specific amount of time to deposit enough of your own funds to meet your margin requirement (if you cannot meet the requirement the lender is entitled to sell all of your holdings to recover what you borrowed + +**Margin Examples:** + +>This is a slightly complicated scenario that can be a little hard to follow. Give it a few reads if it doesn't make sense the first time, but basically, Margin is a credit line that you can use to buy more assets (effectively a loan backed by collateral and cash in your own account). If you buy assets with it, you have to pay back what you borrowed, whether the value of your investment goes up or down (if the investment goes up in value, you make more than you normally would, but if the investment goes down in value, you lose more than you otherwise would have without margin). +> +>This gets even more (or less maybe) complicated when you have short positions AND long positions, like most institutional investors. To have short positions, I still need to have margin, but I do not need to use it to buy stocks, It can act as a buffer if I have a short position on a stock that is increasing in value (with a short position, if the price of something I short goes up, I am losing money), and if it gets too high, it can run against my margin line, causing a margin call. + +**GAIN: Long Positions** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin (so as long as stock XXX stays above $80 a share, then I will not get a margin call for being below the requirement) +3. I then choose to use the margin, buying 10 more shares of stock XXX for $100 each, so I now have 20 shares of stock XXX, valued at 100$ a piece +4. If the price of stock XXX goes up to %25 per share, and I sell all 20 shares, I just profited $500 (+$25 on 20 shares) + 1. In this case, closing the position clears me from the margin debt, as I am no longer using it in an open position + 2. If I had not used margin, I would have only walked away with $250 in profit ($25 per share on 10 shares), but instead I made $500, and paid back the credit, plus a little bit of interest. +5. Yay. + +**LOSS: Long Positions** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin (so as long as stock XXX stays above $80 a share, then I will not get a margin call for being below the requirement) +3. I then choose to use the margin, buying 10 more shares of stock XXX for $100 each, so I now have 20 shares of stock XXX, valued at 100$ a piece +4. If the price of stock XXX goes down %25, bringing the value per share down to $75 a share, the value of my total position is now $1500, and the value of my non-margin assets is $750, which is below the margin requirement (keep in mind, I borrowed $1000, so that is still the amount I have to pay back) +5. My lender will give me a margin call, indicating I have two business days to deposit 50$ into my account in order to meet the margin requirement + 1. If I have the cash to deposit the extra $50 would take my assets to $800 ($750 in stock XXX + 50$ cash) + 1. If the price of stock XXX recovered to above $80 per share, it could also satisfy the requirement + 2. If I do not have the cash to deposit, then I am in trouble, as after two days, they are allowed to liquidate (sell) the assets I bought with my own money, as well as the assets I bought on margin + 1. Let's say this happens, all my borrowed assets are sold first to cover my $1000 loan (since the price of stock XXX was only $750, it only covers $750 of my $1000 margin line + 2. I now have $750 left in assets of Stock X, but I still owe money from margin, so my lender is entitled to sell $250 work of my shares in order to get their full $1000 back + 3. I am now left with $500 total ($750 in 10 shares of stock XXX - $250) +6. Not Yay + +**LOSS: Short and Long Positions** + +**THIS IS THE RELEVANT ONE TO GME/AMC** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin +3. Instead of using the margin to buy more, I instead short 10 shares of stock YYY which is at $50 a share currently (giving me $500 in extra cash), which I use to buy 5 more shares of stock X + 1. I am now long 15 shares of stock XXX valued at $1500 and short 10 shares of stock YYY valued at -$500 (negative $500) for a net value of $1000 + 2. No margin is actively committed to open positions, and I am still using my $1000 +4. Now, lets say a short squeeze happens involving stock Y, causing the price to skyrocket to $200 per share + 1. My short position is now -$2000 (10 shares of -$200 each) +5. My net account value is now $-500 ($1500 - $2000) which is now using my margin, and because my account's value is no longer above $800, I no longer meet margin requirements so I get a margin call +6. If I cannot balance my account, the lender will liquidate my $1500 in stock XXX in order to pay the -$2000 I owe, leaving me with -$500 left in debt + 1. I have now defaulted, as I cannot pay the $500 +7. Now that I have defaulted, the lender who gave me margin owns my short positions, meaning they are now short whatever was left + 1. The lender can now navigate the short positions however they want (they can hold them and hope the price goes down, and cover to close them, or they can close them immediately, costing them the whole $500 I still owed) +8. GUH! (Translation if you are not WSB: Ah @#$%) + +## 4.4 - Margin Calls Who Calls Who + +* Margin calls happen at levels 1-4 when the cell to the left cannot meet margin requirements + * Broker Margin Calls Retail Traders + * Prime Brokers Margin Call Brokers, Hedge Funds, and Market Makers + * The NSCC Margin Calls Prime Brokers +* Defaults roll up left to right + * If Retail Trader defaults, Broker must take on their leftover positions + * If Broker, Hedge Fund, or Market Maker defaults, the Prime Broker must take on their leftover positions + * If Prime Broker Defaults, the NSCC must take on Position + * If the NSCC Defaults, the Fed must take on the position + +|Level 1|Level 2|Level 3|Level 4|Level 4| +|:-|:-|:-|:-|:-| +|Retail Trader|Broker|Prime Broker|NSCC (DTCC)|Fed (JPOW)| +|x|Market Maker|Prime Broker|NSCC (DTCC)|Fed (JPOW)| +|x|Hedge Fund|Prime Broker|NSCC (DTCC)|Fed (JPOW)| + +## 4.5 - Short Squeeze + +* A [Short Squeeze](https://www.investopedia.com/terms/s/shortsqueeze.asp) is a market event that occurs when there is a large short position on a stock whose price rapidly increases higher than expected, normally due to a catalyst +* During the short squeeze, the losses of those who have short positions continue to increase higher it goes + * Since they **owe** shares, the cost to cover their position increases depending on how high the price goes (there is theoretically no limit on how high a stock can go) +* As market participants who are short on the stock buy to cover, supply decreases and demand increases, causing the price to increase even more rapidly +* While short sellers are scrambling to cover their positions, the rapid price change may entice investors who are not short on the stock to buy it in order to make a quick profit + * Again, lowering supply and increasing demand + +# VI. The Mother of All Short Squeezes (MOASS) + +# Explanation + +Now that we have gone through the many important terms, we can get to the theory behind MOASS. + +Due excessive short-selling and naked shorting of GME by certain market participants (primarily large hedge funds and market makers), retail investors and long institutional investors collectively own a number of shares that exceeds the the float. The amount of shares that are currently owned is theorized to range roughly between **200%-400%** of the float **if not more**, meaning that 100%-300% of the float has a corresponding short position (mostly naked shorts). For context, most stocks generally have around 1% Short Interest, and 10%-20% short interest is considered to be excessive, let alone over 100% of it. + +Short sellers must eventually close, or cover, their short position + +* The only way to do that is to buy the shares owned by the investors who are long + * in the meantime Short-sellers are paying interest on that short position until it is closed proportional to the cost of the shares, which bleeds their capital over time +* Unfortunately for the short sellers, the owners of the shares **ARE NOT** obligated to sell their shares. + * The short-sellers, however, **ARE** obligated to buy in order to close their position (or else keep paying interest) + +So what happens if no one is selling the shares they are “long” on, but short sellers need to buy them? + +* Supply and Demand + * With very little supply and high demand, the price of a stock can increase far beyond its fundamental value + * If short sellers receive a margin call due to no longer meeting their margin requirement and are unable to meet it in time, their assets will be forcibly liquidated by their lender in order to pay back the margin, as well as close out the position if the borrower defaults + +If you are wondering why an organization would abusively short a stock like this if they eventually have to cover their positions: + +* If a company goes bankrupt or gets delisted from the stock market: + * The short sellers DO NOT have to close the position + * All of the proceeds from the short sale effectively disappear from their books + * They do not even have to pay taxes on this profit + +Short positions amount to the total number of long positions minus the float, meaning (based on the theorized range) that somewhere between \~56-170 Million shares will need to be bought in order to close all short positions + +* It is expected that the members with short positions (hedge funds and market makers who have been naked shorting the stock) will be unable to cover their short positions, resulting in a situation where their lenders, all the way up to the clearinghouse (DTCC) will have to sort out the positions +* If the DTCC/NSCC is forced to unwind the positions, it is widely believed that they will rapidly cover short positions at whatever price they are available for (this is how their systems are said to handle a member default), liquidating whatever assets are necessary from the defaulting member + +# Consideration + +This is a totally unprecedented situation, so, in truth, there is a lot of uncertainty around what wind-down will look like once this gets to the Prime Brokers (major banks) and NSCC, as well as around how high the price peak will reach. There is a real risk of broad negative impact across the entire market because of this and the current Repo Rates and margin debt. + +A few things I think are safe to assume are: + +* Before anything happens that will cap or negatively affect the MOASS, all of the Hedge Funds and Market Makers who conspired to manipulate the market will likely have been bankrupted and eliminated from the market landscape by then +* Prime Brokers will have been dealt a massive blow (like Credit Suisse after Archegos Collapse by way worse) that should hopefully ensure regulators tie up every loophole that was exploited to manipulate the market and harm it +* The peak will reach higher than any other short squeeze in history and will likely never be beaten in the future (EVER) + +# VII. Final thoughts... + +This is the GME MOASS thesis. GME is a stock that stands to hit an unprecedented price point due to the fact that manipulators of the market have failed to bankrupt GameStop thanks in huge part to [the Legendary Keith Gill AKA u/DeepFuckingValue](https://en.wikipedia.org/wiki/Keith_Gill), [Ryan Cohen](https://en.wikipedia.org/wiki/Ryan_Cohen), [Michael Burry](https://en.wikipedia.org/wiki/Michael_Burry), and all of the GME investors who took part in this saga. It may not be today, this week, or even this month, but one day soon, these toxic participants have no choice but to buy the stock to close out their short positions. + +In some schools of thought, it is thought that these participants over-estimated how "reasonable" retail investors can be (who could be dumb enough to hold a stock as it fell from almost $500 to $40?). In truth, these manipulators didn't understand the demographic they were fighting with. Gamers are some of the most stubborn people on the planet. These are individuals who will sink tens of thousands of hours into the same video game because "they just like it". Well, "we like the stock", and to us, the adversaries on Wall Street just are just another "boss". We may have needed to retry a couple times, but we always win eventually. On top of that, they pissed off reddit, and under no circumstances, should you ever piss off reddit. + +At this point, if you are still reading this, know that it is up to you to decide your next move, whether that is to do some due diligence of your own, walk away, or say screw it and buy a few (or a lot of) shares just in case we are right. Many of us have set our floor (minimum amount of acceptable gains) at $20,000,000 per share, and you might think that is crazy, but in truth, we know we can pick our own price if we hold long enough. We don't care if anyone else buys or not, because we know the outcome is inevitable. Time is running out for the toxic market participants involved, and even the news can't hide that we are on the brink of a massive market event that will ripple through the entire global financial system, and we will probably never see an event like this again in our lifetime. + +**This is a fight Wall Street, Shitadel, Melvin Capital, and ever other toxic party is not going to win against the "dumb money"**. Chances are this will truly be "**THE MOASS**", meaning there will never be another like it in our lifetime (or ever). While the conditions in play (the ability for big money to brutally manipulate the market) enabled what may end up being the greatest transfer of wealth in history, actual reformation to prevent a landscape like this from forming again is probably best long term (I say this as a pragmatist, and am honestly very far from an idealist). If you want to influence reform, Buy, Hold, Vote. If you are just here for the tendies, Buy, Hold, Vote. + +# VIII. TL;DR + +1. Toxic Market Participants have built up massive [short positions](https://www.investopedia.com/terms/s/short.asp) made through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) +2. Retail caught on to this strategy and discovered it can backfire if the company being shorted does not go bankrupt, especially if shares are bought and held indefinitely +3. Rules and regulations have implemented by the DTCC and its subsidiaries have been geared towards preventing market collapse, as well as to minimize the ability to perform illegal trades (naked shorting) +4. The SEC is also doing more to enforce compliance with the "rules" +5. The manipulators are at the mercy of a vicious trade cycle (t+21 FTD Cycle) that is forcing those with naked short positions to perform actions to [cover](https://www.investopedia.com/terms/s/shortcovering.asp) (buy back shares that are short), or risk regulatory consequences +6. This act of rapid covering drives up the price, making it more expensive to cover during the next cycle if the share price continues to increase week over week +7. Eventually, the prices of GME will get so high that prime brokers/clearing houses will have no choice but to [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) these participants which most likely will not be affordable due to the nature of [Short Squeezes](https://www.investopedia.com/terms/s/shortsqueeze.asp), causing them to default +8. The [Prime-Brokers](https://www.investopedia.com/terms/p/primebrokerage.asp) will then take on the position, and if the Prime Brokers cannot cover them and also defaults, the NSCC will be next to attempt to settle all positions left over based on their [Recovery and Wind-down Plan (p42)](https://www.dtcc.com/~/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf) +9. If NSCC cannot afford to close everything with the money reserved for this type of situation, they the Fed must navigate the remaining positions (potentially via printing money/bailout) + +# IX. STILL TL;DR + +Margin Calls happen across the market and force all market participants with short positions in GME to cover or go bankrupt if they cannot afford to. The NSCC's systems that will settle positions after mass defaults liquidates all short hedge funds and covers as much GME as it can. If the NSCC cannot pay everything, it fails up to the Fed and JPOW to print money to settle the trades. + +# X. Hedgies, velkommen til helvete. Vi kommer for tårene dine. + +**START EDITS LOG** +edit: 6/10/21 12:28PM ET +Added google drive link but switched with one drive so it wouldn't display who is looking at the file (unless they are in incognito) + +edit: 6/10/21 1:08PM ET +Updated link to a onedrive anonymously shared link (shouldn't show who is viewing it, but you might consider accessing the link via an incognito window). +[https://onedrive.live.com/?authkey=%21AF%2D4Ar3%2DZkRC6ZE&cid=A204BFD088578646&id=A204BFD088578646%21106&parId=A204BFD088578646%21103&o=OneUp](https://onedrive.live.com/?authkey=%21AF%2D4Ar3%2DZkRC6ZE&cid=A204BFD088578646&id=A204BFD088578646%21106&parId=A204BFD088578646%21103&o=OneUp) + +edit: 6/10/21 1:51PM ET +Minor typo (extra bullet). Removed from 3.4 (prime brokers). + +edit: 6/10/21 2:10PM ET +IMPORTANT NOTE - Feel free to share and distribute as appropriate if you feel there is value in doing so (and obviously only if you are comfortable doing so). Like I said, I don't care about credit, but I do care about getting exposure of GME, naked shorting, and the manipulation in the market. +We have been getting hit with shills and FUD inside and outside the community courtesy of the SHF's tactics. Getting the good information we have out (passively, I am not saying to push it on people or to be intrusive) is one of the few tactics we have against the SHFs outside of 💎🙌. They weaponized social media and MSM; so can we (but with DD, not shilling and perpetuating FUD). + +**END EDITS LOG** +We all know by now BCG is dog shit wrapped in cat shit and is linked to Citadel, Bain Capital, and Amazon. + +Knowing the World Economic Forum is behind "The Great Reset" and "Build Back Better," (Watch this if you are unfamiliar with the WEF, it's a 15-minute video: [https://www.youtube.com/watch?v=6G3nWyoQ5CQ](https://www.youtube.com/watch?v=6G3nWyoQ5CQ) + +What is the World Economic Forum trying to accomplish? + +Source: + +[https://reclaimthenet.org/world-economic-forum-pushes-digital-id/](https://reclaimthenet.org/world-economic-forum-pushes-digital-id/) + +https://preview.redd.it/lmabb21fxqp81.png?width=1094&format=png&auto=webp&s=4b469600433cae7b364978c7b5c1cba043816fac + +https://preview.redd.it/2ksox9jfxqp81.png?width=1072&format=png&auto=webp&s=2004e81dce8887a91bed36cd19d8914d79181abc + +https://preview.redd.it/oowidi3gxqp81.png?width=1056&format=png&auto=webp&s=3ea373ef084b3cd4a0e08e29afe81834bc52c49f + +https://preview.redd.it/gzix10ygxqp81.png?width=1078&format=png&auto=webp&s=4d6985953989e559d5853e619d2dbac70f8278cf + +https://preview.redd.it/1uumgvchxqp81.png?width=1060&format=png&auto=webp&s=19eaee94ffce267f77d108ca77375b4898ae0ee2 + +https://preview.redd.it/7qnrfy2ixqp81.png?width=1084&format=png&auto=webp&s=404d272b5219dfa0eed6dbd213ca6b63367dff74 + +https://preview.redd.it/yrje4xnqyqp81.png?width=890&format=png&auto=webp&s=2fb063c3def4a3b24c8b16b5a696d835ff703bfe + +[https:\/\/www.youtube.com\/watch?v=LJTnkzl3K64 ](https://preview.redd.it/mjfalpyryqp81.png?width=1944&format=png&auto=webp&s=6817a63adb6a00bcd44ba9eafc23299ec1fa7200) + +https://preview.redd.it/zoy4hvfmxqp81.png?width=1252&format=png&auto=webp&s=4af8223fa5de9d393f62b7783aa5151d02a8c2d6 + +I figured it was good to see if there were any connections with BCG. + +Surprise, surprise. + +If you go here: [https://www.bcg.com/about/partner-ecosystem/world-economic-forum/davos](https://www.bcg.com/about/partner-ecosystem/world-economic-forum/davos) + +You see + +\- BCG's CEO Christoph Schewizer + +\- BCG's Global Chair Rich Lesser + +\- BCG's Managing Director & Senior Partner Vaishall Rastogi + +\- BCG's Managing Director Neeraj Aggarwal + +\- BCG's Managing Director & Senior Partner Tawfik Hammoud + +&#x200B; + +They are all aboard Klaus Schwab's World Economic Forum. + +https://preview.redd.it/qzreloqoxqp81.png?width=1126&format=png&auto=webp&s=0e5bb1c348dc37b0ea418bf8d9e7e165721ce183 + +https://preview.redd.it/nyjtaqvpxqp81.png?width=982&format=png&auto=webp&s=0cbb4bef9227a49e0a13f46315e22711f7793b52 + +One problem for BCG and the World Economic Forum. Ryan f\*\*\*ing Cohen. + +https://preview.redd.it/lasc3absxqp81.png?width=1202&format=png&auto=webp&s=b48561c015cf39b6ade0d1cf63f8d5ebd5115820 + +Update: had to include this new tweet from RC: + +https://preview.redd.it/h1ahh38yfrp81.png?width=962&format=png&auto=webp&s=3715e9596624a2ed657517153a26820cd20c8546 + +If any of you from BCG, Citadel or the WEF are reading this, you're going down. + +GameStopped, bitches. +Just got back from the Gamestop movie and holy shit the FUD surrounding this movie is intense. This movie is the best way to get new people into this. I've tried talking to my wife in the past about stocks, and gamestop and what's going on with our investment and she didn't care. But after seeing this movie, she is excited about the company and glad I've been holding this whole time. My wife sees Ryan Cohen as the next Steve Jobs and she is one of the biggest Apple fanatics I have ever met. + +The stuff in the movie is not too technical and it does a great job of educating non-financial people what's going on with the company and the stock. + +GET YOUR FAMILY AND FRIENDS TO WATCH THIS MOVIE! New buyers is what's going to drive this shit to the moon and force shorts to cover! +So I was aggressively job hunting right when all this happened. I have some solid, promising leads that are still moving forward. If I get a job offer (at my dream company) in the coming week or two, is it just lunacy to make a move right now? I am really hating what I'm doing but the work is steady for now and I can work remotely, even if it does drain my soul. + +EDIT ; thanks for all your perspectives. Can't reply to them all individually as I'm working right now but I definitely appreciate your time and attention. + +OFF WORK EDIT: Well this got some attention. I'll try and answer direct questions as best I can. Regarding details: I'm keeping them vague for anonymity but it's a fair bet the industry I'm in now (largely servicing grocery stores) is more stable than the one I would be headed to (outdoor equipment manufacturing). Thanks, again, to everyone for the time and perspectives! If I am offered a position after the interview process (beginning tomorrow), there will be lengthy discussion about assurances and protection during the transition, taking into account everything mentioned here. +\[Update: Thanks so much for all the help here everyone. Was super useful to get so many unique perspectives!\] + +\[deleted this post in the interest of privacy!\] +It's been about a year and a half since last writing this post: [Build the life you want, then save for it](https://www.reddit.com/r/financialindependence/comments/58j8pc/build_the_life_you_want_then_save_for_it/) + +For those wanting reference I would recommend skimming that first, for those not wanting to read two posts the **tl;dr:** "I built my savings but I never built my life" and I was going to make moves to change that. + +So here we are! I am currently employed part-time working remote for the same company as before, streaming part/fulltime depending on how much I wish to stream said week, well-traveled with more plans in the future, happy, and not caring about money anymore while still diligently saving. Here's my journey for how I got here. + +### Part 1 - Planning Change + +At the time of writing my first post I was sad but inspired. In the past I checked my accounts weekly if not daily, reworked my budgets/graphs often, but I knew things needed to be different. So at that moment I gave myself an extreme budget to change my life, because nothing is more important than your life and your happiness. That budget was all of my leftover income that year. So I would max my IRA and 401K, and then everything after could be spent on my life and happiness as I saw fit. I had a savings rate of ~75% for the previous 3.5 years so I figured I owed it to myself to take a little break for one year. As I said in my previous post, "if I'm miserable during the accumulation phase, I'm still going to be miserable afterwards." So it was worth spending a year of my life trying to fix that. + +The first thing I did was change my life and attack fears/uncomfortable situations. I did this in multiple ways: + +* I gave myself the previously stated budget. I had been afraid of spending money and wanted to change that to see if it made a difference. +* I sent a note out to my friends/acquaintances (about 50 people) as follows + +> Hello friend, +> Today is my birthday. For this special year I am looking to broaden my experiences, deepen connections, and to simply be accepting and open to more things. + +> What I'm asking from each of you is that you get back to me with one event/occasion/task that you really enjoy or have always wanted to try that we could go do together or with a group. + +> This could be something that you do daily, something you do annually, or something you may only want to do once in a lifetime, but whatever it is I want it to be something that you're really passionate about, regardless of whether you think it will interest me or not. I'm open to traveling and hopefully don't have too many limitations with the exceptions of legality and danger/harm. + +> If you come up with something just let me know and we can look to get it scheduled within a year. If not no worries! + +> Thanks, +> -MrLlamaSC + +* I began ordering at restaurants by saying, "Please bring me your favorite thing on the menu. Also, please don't tell me what it is. I have no dietary restrictions and will eat anything." + +### Part 2 - Making Changes + +By doing these exercises I was able to force myself into situations by using other people's drive and motivation. Not everyone responded and unfortunately I wasn't able to achieve a 100% success rate in doing every activity, but in the end that didn't matter. I still completed a lot of activities including: Ghost hunting, learning to ski, learning to SCUBA dive and going on a dive trip, roadtripping around Oklahoma (Where I lived), white water rafting, paddleboarding, attending a multi-day music festival, cooking and hosting feasts for friends, learning professional Christmas decorating, and more. From the new foods perspective I ate a large variety of new foods and learned to appreciate different tastes and cultures from this. Additionally, I pushed myself in my own ways. Such as when visiting a cenote in Cancun I forced myself to jump off the highest cliff (~30ft) because it seemed scary. After the first jump it still seemed scary so I went up there and jumped off of it again. + +In the short term these were not instant-happiness fixers. I kept journals where I would write about my experiences and happiness levels and nothing suddenly made me go from unhappy to happy, but the accumulation of them began to change who I was as a person and the average of those levels slowly rose. This also gave me a better understanding of things that I loved in life and things that I didn't care to spend money on. + +To me it felt a bit like dating. I'm not going to fall in love with every girl I date nor am I going to marry every girl, but every girl I've dated has been worth the experience because it helps me figure out something I like/don't like about a partner. Going on these adventures and trying these new things were all great, even if I didn't like the experiences that much, because I learned more about who I am and what I want in life. Spending the money on something that "wasn't worth it" was still actually worth the knowledge gained. + +An important activity that I want to discuss further is skiing. I had always avoided skiing because it's cold and expensive and I don't like either of those things. So when my friend came to me and said, "I want you to come ski with us." I said, "ehhh I think I'm good." After a couple of days she followed up with, "I thought the whole point of this year was to try new experiences and push yourself?" This hit deep because that was the point of the year and so I changed my mind and forked over about $1,500 to go on this ski trip. Maybe it was lost money, but I needed to at least give it a try. + +I loved it. I loved every bit of it. The challenge, the nature, the beauty. I immediately purchased my own gear and booked additional trips. Skiing became one of the greatest things I had ever done in life and I had almost turned it down. Then I realized for my whole life I had been scared of liking something because it was expensive and I wanted to retire early, without realizing that I could actually like something more than early retirement itself. I never gave future-MrLlamaSC credit that he could make smart decisions such as "I'll work a few extra months to afford skiing trips in the future." I was so scared of all lifestyle creep, I shut out life itself. + +### Part 3 - Financial Changes + +Now while all of this was going on both of my incomes were actually growing. I got two promotions at work (one of which came about simply from no longer having fear and asking for it) and despite cutting my streaming hours down my streaming revenue was increasing. I also noticed that my positivity and new personality was more attractive and I wasn't just the "Diablo 2 Guy" anymore but the "Positive Diablo 2 Guy." By the end of the year my expenses had nearly doubled (20K to 36K) but my savings rate had actually gone up. I know some of this would have just come naturally as I got older/continued streaming, but I 100% believe more of the increases came from the adjustments I made to my being. + +But what's even better is I no longer cared. I realized that I'm not an expensive person overall and even without micromanaging my finances in general I still make financially sound decisions. I quit coming to /r/fi daily, I stopped looking at my retirement goal, and I don't even look at my networth or accounts anymore beyond basic accounting or tax time. If you asked me when I crossed a certain milestone I wouldn't be able to tell you. If the market crashed 10% I wouldn't know or care because I've already set everything up to accommodate that. I still love saving money but I don't dedicate my life to it and my happiness doesn't depend on it. + +And the best part of it all is once I had freed myself from this "Must grind hard and make as much as possible immediately" mindset, I found the desire to build exactly the life I want. So I went for it. Four months ago I walked up to my boss and said, "I want to work part-time remote." This was extremely unheard of at my company and my boss/HR/etc were a bit uncertain about why I would want to take a pay cut and not constantly be pushing to move up another level in the company, but after a couple of months they approved the request. So I packed up my stuff, moved cities, and began the next phase of my life. + +And here I am working from wherever I want remotely three days a week and spending the rest of the time mixing in streaming and life experiences. Saving for the life I've built, but never being afraid to continue building. I am extremely blessed for all of the opportunities I've been given in life and continue to be thankful every day. I am also extremely grateful for this community guiding me to save so much in the previous years. This financial freedom has allowed me a lot of room in exploring life further and has given me the knowledge necessary to not only help myself but others around me as well. Push boundaries, explore the unknown, and take control of your days. **Build the life you want, then save for it.** +Suddenly we have a lot of people on here screaming "manipulation" ... "we need regulation" like it was all natural when it ran up to 20k. + + +If we had a regulated market bitcoin would still be under $1,000. + + +This is a unregulated market, either accept the highs and lows or go invest in gov't bonds. +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) +As of Dec 17th, the **XRT** is now on the NYSE Threshold Securities list. + +**Mods:** This is not brigading, the XRT is highly relevant to GME. + +GME and the other ETFs containing GME do not appear to be not. The XRT was not on the list the day prior, Dec 16th. This marks Dec 17th as the fifth day the XRT has exceeded FTD threshold limits. + +[NYSE Threshold Securities List](https://www.nyse.com/regulation/threshold-securities) + +**XRT SPDR S&P Retail ETF** + +Also the *brand new* **Roundhill MEME ETF!** + +&#x200B; + +[Hello XRT!](https://preview.redd.it/0i6oet1ynd681.jpg?width=1560&format=pjpg&auto=webp&s=3f72c8b08158e3f067fc5e8bc3ec12cecc14f18d) + +**Shares outstanding:** 7.3M + +**0.5% of shares out**: 36,500 (min condition to get on the list for XRT) + +"When a security appears on the threshold list. **It will remain on there for a minimum of 5 days**. The aggregate amount of FTDs need to go under the threshold for at least 5 consecutive days. This means even if you close out all threshold FTDs but an equal number of new ones pop up the same day then the aggregate is still the same and the FTD number is still higher than the threshold. + +*FTDs that started the list are already on 5 days when the security pops up on the threshold list.* ***If they stay on the threshold list for 7 days, they will need to be automatically closed out*** *or the broker and it’s associated market maker can not mark sales as short until they are cleared. Therefore, we see auto closing out by market makers so they can continue shorting.* + +*FTD's that pop up while a security is on the threshold list have T+13 days to close out those positions or be blocked from shorting. New FTD's that pop up while the security is on the threshold list has to abide by the T+13 settlement cycle and can not revert to the T+35 consecutive day cycle."* +23m here with minimal investing literacy. + +I've recently begun the Journey of trying to get started in investing. + +After some research, Vanguard ETFs seem to be a stable, long term opportunity provided you can maintain a structured, regular depositing habit. + +I have a decent enough income (around 60k before tax) so I would be able to maintain depositing with structure. + +So, what's the catch? Everything I've read from the government websites, social media posts (understand these aren't gospel, but helps for a broader picture to then apply some critical thinking to), podcasts and the vanguard charts seems to show you really can't go wrong. There might not be a catch, just conscious I might be missing a core concept given I'm new to the world. Just seems a little too easy to put money in, wait, and make a solid return? + +In line with posting rules, I'm not seeking advice on what I should invest in, but rather some information/context on know-how I might be missing. +Fellow shareholders, + +It's been a fruitful day of working the phones and getting my papers in further order, and as a result GameStop has now been served with my complaint! + +**My case number is 2021-0993-SEM. The case will be presided over by Master Selena E. Molina.** + +**I will provide a hearing date and time as soon as I know it.** + +Here are two additional documents you will need if you are following my trail: + +[Summons Instructions](https://imgur.com/a/FwRUDZp) + +This document replaces "Letter for Summons" from previous updates. It includes language identifying the Special Process Server who is necessary for getting the case documents from the Register in Chancery to GameStop's registered agent, The Corporation Trust Company. + +[PARCELS, INC.](https://www.parcelsinc.com) did a great job for me and I recommend them. + +[Request for Scheduling](https://imgur.com/a/9CZmamb) + +This letter requests the judge to schedule a hearing on the case. + +Finally, I made a little changeup to my disclaimer. I still haven't met Joe Rogan. I just would rather talk to Amber Ruffin. + +[My position](https://imgur.com/a/Rct8lNS) + +Onward and upward. + +*Disclaimer: My name is JASON FUCKING WATER FALL. I'm not subject to an NDA or any kind of equivalent gag order regarding issues within GME's milieu. I haven't received information indicating an unreconciled number of ballots or votes cast in GameStop's 6/9 shareholder election exceeded the number of outstanding shares. I haven't received information indicating GameStop has been legally prevented from taking action projected to cause a systemic market event. I haven't received information indicating that the number of beneficial GameStop shareholders exceeds the number of outstanding shares. Epstein didn't kill himself and I won't either. I once touched Owen Hart's sweaty bicep as he walked out with Jim Neidhart at a house show. I have never met or knowingly spoken to Ryan Cohen, Matt Furlong, Michael Recupero, Mark Robinson, Tess Halbrooks, Greg Marose, Deep Fucking Value, Ken Griffin, Vlad Tenev, Steven Cohen, Maxine Waters, Elon Musk, Amber Ruffin, PFTCommenter, or Ariana Grande.* +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/) +Thinking to buy 5 GOOGLE and 5 AMZN stocks and start selling CC when they split in June. Do you think it's a good play or do you have any other strategy ( or stocks to consider) to maximize income if you have $25000. +My wife and I are both executives at technology companies. Earlier in our life, I was the workaholic and she kept things up around the house. As her career has taken off, I’ve notified things are slipping at home. We forget to get groceries and order takeout, we’ve gained weight because of our bad eating habits, laundry doesn’t get done or dishes pile up and it leads to conflict. + +I’m thinking we need some help. Ideally, this would be someone shopping and prepping meals for us, doing some home cleanup, laundry, and likely coming a few times a week. + +We’re in nyc, but I don’t know if this is an individual we find on Craigslist, several different people, a singular service, or something else. + +But I’m looking for recommendations so I can save my marriage! +**1) Sticking to 4-5 good forex pairs with high volatility :** This is one of those classic mistakes I made. How many forex pairs should you trade? Short answer: all of them. + +The problem with sticking to a 4-5 markets in terms of mastering it has a very specific two fold problem. i) sometimes the market could just be ranging or giving really bad price action and you'd either just sit on the sidelines or take some really garbage trades ii) you're missing out on easier opportunities which you would have taken if you just kept an open mind by making sure you analyze and trade all forex pairs (atleast the major and minor pairs) . + +**2) Taking fixed lot positions :** I used to take 2 lot GBP/USD positions first and then slowly either increased or decreased it depending on the profit/loss . While it was fine, but on a money management standpoint, it's just straight up bad. + +The problem with fixed lot positions is that it doesn't consider volatility. It's that simple. In forex, we have a beautiful advantage of even taking 0.69 or 4.20 lots or any decimal number. + +To solve this problem, you should consider the trade first and where your stoploss is going to be. Then, use a forex calculator and you can easily figure out the exact position size that you should be taking in order to keep your risk constant. + +Suppose you did take the 2 lot trade but the volatility is higher than usual. In this case, either your stop loss is too tight or maybe you decided to lose more than you should. Both scenarios are bad. + +**3) Psychology and trading discipline was the problem:** Another classic mistake that I made long time ago. + +*Quick secret*: Psychology isn't the problem. The main problem is a bad trading strategy or bad money management or both. 90% of reason why traders fail is because of it. + +I've seen traders take 2:1 or 1.5:1 or similar RR ratios. I always ask, "Why do you take those? Did you backtest your strategy well enough to decide on the best ratio that makes you the most profitable?" You can guess the answers I get. They just seem like perfect whole numbers , right? + +And regarding trading strategy, there are thousands of strategies that can be profitable in the market. The problem is, they don't know the ins and outs of their strategy. Let me ask you a small question as a test as to how well you know what you are really doing in the market. + +" What kind of market behavior does your strategy work best? And when does it work worst? Can you explain it to me in full detail 100 words at minimum? What are your top 5 most and least profitable trade scenarios based on the trading you have already done? " Again, you can guess the answers I get. + +&#x200B; + +I can keep this going but the above 3 are the major mistakes I have made. +Does anybody else Day Trade for the hope of leaving the 9-5 schedule?? I trade because mentally I can’t do a 9-5…. I get anxious & wanna keep doing things I enjoy. +TL;DR: The title. + +\-----------------------------------------------------------------------------------------------------------------------------------------------------DRS & Chill + +§0: Preface + +§1: DRS vs Options \[Slow and Steady Wins the Race\] + +§2: Staying Zen + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**§0: Preface** + +After my prediction on RC's BBBY calls got invalidated, I figured I'd just go back to the basics on why, at the end of the day, all that really matters is [DRS](https://imgur.com/a/T7oZiH8) and chill. I'm actually personally against setting dates and things like that, but I was willing to make an exception in this case primarily because I genuinely believed RC's call options expiry were an indication of a MOASS soon (also, because it was less than a date and more of a timeline). I mean, MOASS can still very much happen this year; there's still the stock split dividend that international regulatory agencies are still reviewing to determine what course(s) of action to take to ensure their brokers received the proper additional shares in the form of a dividend (instead of an internalized split). There's other factors as well that indicate a potential MOASS this year, but that could be wrong as well, and if so, I'd have to pay up. + +https://reddit.com/link/wwjebh/video/spgwm2x1inj91/player + +Before I transition to talking about DRS, I wanted to briefly go over what I think happened with the BBBY situation. I was looking back at seeing where I went wrong with my prediction, and nothing was adding up. [RC tweeted in support of BBBY](https://twitter.com/ryancohen/status/1558101541453795329?s=20&t=E0biMuNsYK_9DGp4n5PvHA) only to sell his entire stake a few days later. None of it really makes sense...unless you look at it from a different perspective: + +1. If you look at [RC's letter to the BBBY Board](https://s.wsj.net/public/resources/documents/bbbletter030622.pdf), on page 3 we see that RC wanted BBBY to "evaluate a full sale to a well-capitalized acquirer". +2. After RC sold his entire stake, BBBY stated they were "[pleased to have reached a constructive agreement with RC Ventures in March & are committed to maximizing value for all shareholders.](https://www.webull.com/news/52523835)" +3. All 3 people RC had appointed to the BBBY Board specialize or have experience in mergers & acquisitions. +4. If you look at the [Cooperation Agreement](https://www.sec.gov/Archives/edgar/data/886158/000114036122011120/brhc10035704_ex10-1.htm) RC had with BBBY in March this year, on pages 6-7, you'll see that RC was restricted for proposing or offering any sort of merger or acquisition for 1 year, as long as he held his BBBY stake. Only way to make this contract void was to sell his entire stake. Now that he sold the stake, he'd be legally able to, or have any entity he's connected to, acquire/merge BBBY in the future. + +Remember that this is still a speculative theory, but now that I look at it from this perspective, it makes a lot of sense. RC is a good man—he's not some elitist asshole that rugpulled Apes for a few milly. None of that made sense, so I knew that there was definitely something going on behind the scenes of his decision, and this seems to be the most feasible explanation. When would a merger/acquisition happen? Not sure. Not really interested in making a DD about it (also, I've gotten a lot of heat for making DD about basket stocks in the past in SuperStonk, so I'd rather just leave that to other Apes😅). + +That being said, let us transition to a fun story! + +**§1: DRS vs Options \[Slow and Steady Wins the Race\]** + +https://preview.redd.it/8ybkd125inj91.png?width=1440&format=png&auto=webp&s=b3c303ae8e8f320a1a478562347db3c9d571b2cb + +https://preview.redd.it/3jwjrma6inj91.png?width=1440&format=png&auto=webp&s=162412f22c093830577b8afddc1c7c68bd04e6d3 + +https://preview.redd.it/898lvwu8inj91.png?width=1440&format=png&auto=webp&s=e527f36427952d20e5b25d1772b128e0976e340b + +https://preview.redd.it/o25hj9gainj91.png?width=1440&format=png&auto=webp&s=231ef95dfb31b237bee3b705b65b3ada36be5bd4 + +You might have heard in the past that options are what caused the Jan 2021 run up, or that it would take very little money to start MOASS if Apes played options, or even that options are the way. This isn't true at all. As a matter of fact, quite the opposite. + +Now, don't get me wrong, I used to play options all the time with other stocks (I've even met the family of the guy that won the Nobel prize for the Black-Scholes model), but GME is a completely different beast. Options aren't good here, neither for yourself nor MOASS. + +And contrary to popular belief, options didn't start the Jan 2021 run up. + +How do we know this? From the SEC Report on GME: + +"Another possible explanation could be a “gamma squeeze,” which occurs when market makers purchase a stock to hedge the risk associated with writing call options on that stock, in turn putting further upward pressure on the underlying stock price. **As noted above, though, staff did not find evidence of a gamma squeeze in GME during January 2021.** One of the main drivers of a gamma squeeze is an influx of call option purchases, which causes market makers to hedge their writing of the call options by purchasing the underlying stock, driving up the stock price in the process. While staff did find GME options trading volume from individual customers increased substantially, from only $58.5 million on January 21 to $563.4 million on January 22 until peaking at $2.4 billion on January 27, this increase in options trading volume was mostly driven by an increase in the buying of put, rather than call, options. Further, data show that market-makers were buying, rather than writing, call options. These observations by themselves are not consistent with a gamma squeeze,"-pg.29 of [GME SEC Report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf). + +I've stated many times in my past DD, it was not a gamma squeeze or short squeeze that caused the 2021 run up (shorts didn't close). It was a massive amount of FOMO that overtook the algorithm and led to an uncontrollable run that SHFs only regained control of by having brokers shut off the buy button, and piling up on a boatload of short positions right before and during the shut down of the buy button. + +And the argument that'd it'd start MOASS is bad as well. There was that whole "we could start MOASS with only $100 million if we all buy call options that match the float". Firstly, no, SHFs see everything that goes on in these subs. They'd know it's a bluff and not hedge, because they'd know very well that nobody would have the money to actually exercise the calls. Secondly, nobody exercises the calls, lol. At least, very few people do, so the shit's not gonna get hedged. Lastly, they'll have some loophole to get out of it. If they know they're going bankrupt if they hedge the calls, they'll find another way around it, one way could be by having brokers deliver IOUs in case the calls get exercised. So, none of it matters. If anything, it'd probably get pushed by SHFs who'd buy tons of calls beforehand in the hopes that Apes also purchase the same calls and increase the premium, so that they can sell said calls and make bank. + +What about for yourself then? Why don't you just buy call options for yourself and make bigger gains during MOASS. Well, because, considering what we know, it's not the optimal decision, especially if you're risk averse. + +We can simulate possible scenarios and determine which would be better by getting the expected value (which is basically a predicted value for a decision). + +Here's my simulation and results: + +https://preview.redd.it/5j3bufxdinj91.png?width=1001&format=png&auto=webp&s=50f5b66394c3c3aa27f253438a7221dbfccf7445 + +Should note that this is just a general model, not meant to be precise or accurately take all variables into account of what will happen in the future. Also, this simulation is most accurate in real life when replayed countless times. Since MOASS will only happen once, it makes the options gamble even more risky than illustrated. + +Now, I was assuming ITM options or ATM options for this EV simulator. You would have to do an extremely OTM options play to raise the EV, but then you substantially increase the risk of losing not only any profits, but also losing your entire initial investment as well. Even if the expected value for options was 2x the expected value for DRS, would it be worth it to gamble your future for a 2x higher expected value when you would still obtain guaranteed, safe/secure generational wealth via DRS, which is also helpful to the community? + +According to an Option Expiration Report from the Chicago Mercantile Exchange, 76.5% of options expire worthless ([source—page 3 of the CME report](https://studylib.net/doc/7532259/cme-options-expiration-report)), so that's where I got my figure. + +I just assumed that 20% of brokers will go bankrupt amid MOASS, which I figured was a fairly modest estimate, considering the statistical data I've seen about what could happen to brokers during MOASS. + +For example: + +IBKR's probability of bankruptcy is [39%](https://www.macroaxis.com/invest/ratio/IBKR/Probability-Of-Bankruptcy) + +https://preview.redd.it/hb72xg1finj91.png?width=971&format=png&auto=webp&s=ef1c3ba68ff6e671364ec46c232d373dde0bf1d1 + +Charles Schwab's current probability of bankruptcy is [48%](https://www.macroaxis.com/invest/ratio/SCHW/Probability-Of-Bankruptcy) + +https://preview.redd.it/1v15i4gginj91.png?width=983&format=png&auto=webp&s=e3918b778ce64d2ce8e8bf4a18d32041544b216f + +E-Trade's probability of bankruptcy is [39%](https://www.macroaxis.com/invest/ratio/ETFC/Probability-Of-Bankruptcy) + +https://preview.redd.it/90norqmhinj91.png?width=957&format=png&auto=webp&s=98cc4af055ba7448bda7f2a350b0c77965079ba8 + +Just to name a few. These probabilities will be playing a very big role during MOASS. We saw how quickly Robinhood was gonna go bankrupt, and GME didn't even hit 4 figures yet, so you can imagine the "waves of bankruptcies" IBKR Chair Peterffy was talking about when MOASS comes. + +So, you really have to ask yourself if it's worth it. We're going to be getting generational wealth either way, so why gamble for a few extra nickels in the grand scheme of things...especially when the risk of losing it all is so much greater? The fact of the matter is that it's just not worth it. + +**§2: Staying Zen** + +I'm gonna be honest, and this will be a tough pill for many to swallow, but most of the shit being pushed as catalysts in the sub don't matter. FTDs aren't going to start MOASS. That shit will just keep getting can kicked (or SHFs will use loopholes around them). We never relied on MOASS starting because of FTDs anyways. + +TA is (for the most part) hot garbage. TA just predicts natural price movement, but nothing is natural about GME's price movement. It's all algorithmically controlled, so if you wanna analyze patterns, you can try to analyze the algorithmic patterns, but even then that can just get recalibrated. The only TA I can think of that's ok for GME is utilization (which isn't really TA, just an indicator), DMA/DMI (which is moreso algorithmic than TA), and possibly the Golden Cross (which would only indicate something possibly happening many months out, not immediately). Maybe there's a few other one's, but most TA, like the stuff about redrawing triangles and 'natural' patterns like inverted head & shoulders or bull flags is useless, and most certainly won't be responsible for MOASS happening. + +https://reddit.com/link/wwjebh/video/hx8vp2tminj91/player + +You really don't need to worry about TA or anything trying to indicate MOASS within a few weeks, because in all honesty nobody really knows. The short-term is variable. We have no idea what may or may not happen in the short-term. It's the long-term holders that are secure. When you Buy, Hold, & DRS, your ownership is perpetual and unabated. + +So, that's really it. DRS and chill. + +My [Burning Cash DD](https://www.reddit.com/r/Superstonk/comments/v0zrni/burning_cash/) and [Checkmate DD](https://www.reddit.com/r/Superstonk/comments/txnwhu/checkmate/) already explain very well the power of DRS. Every share DRS'ed is 1 more that SHFs can't use against us. + +As the float continues to get locked, it becomes progressively more difficult and costly to keep the price down, as we have seen with CTB rates and Citadel already burning through billion of dollars this past quarter. + +I doubt we'll ever get the entire float locked before MOASS starts, or even the free float for that matter. If the free float gets locked, every outstanding share will have been accounted for and de facto observable, including the institutional shares that are recorded on the SEC 13-F Form. But even if MOASS didn't happen before the free float gets locked, then full float can be targeted next. Not a big deal. But, by then the pressure will be too extreme for SHFs to continue this charade. It's my belief that the DOJ will intervene before the free float gets locked and the entire synthetics shitshow gets exposed. They announced they'd investigate certain SHFs involved in shorting GME immediately after GameStop began announcing DRS numbers. You also just saw institutional selling not too long ago. Perhaps we can expect much more of that when we're around 80-90% of the free float locked, for obvious reasons. + +Billions of dollars (over $2.5 Billion, to be precise) in registered GME shares this past year alone has been added towards locking the float. Has anyone really sat down and thought about how insane that is?! + +According to [figures from the IMF & UN](https://worldpopulationreview.com/countries/countries-by-gdp), Apes DRS'ed more money from GME shares than the GDP of over 30 countries globally, some of which include: Belize, Lesotho, Gambia, Bhutan, and Central African Republic. Considering how quickly shares have been getting registered, according to [computershared.net](https://computershared.net/), we should surpass Greenland's GDP within a few months. Ape Nation, bitch. + +Also, these statistics from CNBC further solidified my [We Are Unstoppable DD](https://www.reddit.com/r/Superstonk/comments/t3zp4h/we_are_unstoppable/), which explained how there must be at least 5+ million GME Apes out there around the world. + +https://preview.redd.it/k4oco3wjinj91.png?width=4032&format=png&auto=webp&s=f28e12f9de1b23a7777a8af5e5919fae961f6ef6 + +Essentially, SuperStonk Apes are just a fraction of the total # of GME Apes out there, and if we could tap into other Ape communities out there (like that 1.5 million Asian Ape community in Futu) and spread the word about DRS, it could ultimately accelerate DRS rates. Regardless, the greatest news from all this is that there's most definitely several millions of Apes around the world and already billions of dollars in registered shares (and billions more will continue to get registered over time). MOASS is inevitable. None of this is sustainable for SHFs; eventually their algorithm will give into this immense pressure from DRS. Whether that happens within a few months or several months from now doesn't matter, because MOASS is a once in a lifetime opportunity. + +MOASS will only happen once, and most likely never again post-MOASS. Regulatory agencies have been preparing for MOASS for the past year. + +Tons of rulings preparing for a massive financial event (market crash and short squeeze leading to defaulting clearing members). For example, there was [OCC-2021-004](https://imgur.com/a/CB9cCY0) & [ICC-2021-007](https://imgur.com/a/iKNczBm) which I went over last year. They were mitigating risks of clearing members defaulting in the event of a "significant financial event". There was [NSCC-002/801](https://www.sec.gov/rules/sro/nscc-an/2021/34-91770.pdf) which switched a monthly requirement of supplemental liquidity deposits to a daily requirement for short positions, making it insanely risky for any hedge fund to ever want to go crazy naked shorting a company post-MOASS. There was DTC-2021-005 and tons of other ones as well. More recent one's like [NSCC-2022-003](https://www.reddit.com/r/Superstonk/comments/u8ov3g/srnscc2022003_this_proposal_will_not_prevent/) (that was mitigating the effects of a market crash and MOASS) that I went through, which actually literally stated on page 184 that there could "potentially be a squeeze in the future that may cause increased market risk from clearing members defaulting." + +So, just tons of preparations and rulings. MOASS, to me, is a guaranteed event; it is ultimately inevitable, and so it doesn't matter if it'll happen next month or next year. And anyone complaining that they'd have to wait a year for generational wealth is overlooking how fortunate they are to know about MOASS right now before it hits the history books. It's honestly better than finding out about Bitcoin and its solid future back when Bitcoin was only $1. I imagine most people that are angry that MOASS hasn't happened yet are those trading options losing all their money from theta decay (or just shills/paperhands). + +It's going to happen no matter what. GameStop's quarterly DRS updates have shown billions of dollars added since the past year in registered shares (with DRS rates only increasing), yet the price has either remained stagnant or declined for the past year. **What more proof do you need that the ticker price is bullshit?** + +The ticker price doesn't matter. Price discovery won't come without starting MOASS, because SHFs will get margin called and liquidated. The spring has been coiling up, and every month that goes by that MOASS hasn't happened, only makes the MOASS that much more explosive. + +Why? Because synthetic shares need to keep getting added and because DRS numbers will continue to increase. + +Take a good look at all the Apes DRS'ing their shares. Nobody is going through the process of registering their shares just to sell at pathetic Mickey Mouse prices. If that were the case, they'd just keep their shares at a broker. Apes that are registering their shares demand phone number prices. So, the longer this takes, the more pure-blood Diamond-Handed Apes will keep registering their shares, and the more extreme MOASS will be. + +Lastly, when you DRS your shares, it's really the greatest feeling, because you can rest not having to worry about your broker going bankrupt during MOASS or finding some shady loophole to force-liquidate your shares early on in MOASS, or any of that. Those shares registered in your name are yours, they belong to you, nobody can fuck with them, and that's it. You don't even need to check the ticker constantly anymore, because you'll know MOASS is starting when you see it all over the news at that point. + +We know how fucked they are, they know it, too. The DTCC had to commit international securities fraud to buy themselves some extra time because they couldn't come up with enough synthetics to substitute the dividends to all the fake shares. As long as you do right for yourself, your family, and your future by protecting your future via registering your shares, the rest is a walk in the park. + +Michael Burry had to wait over 2 years for the market crash so that he could get paid. Doesn't matter how long this takes—it's generational wealth regardless. And, take the time these SHFs' algos are giving us as a gift, because it gives you time to accumulate more shares and register them as well. + +MOASS will only happen once, so just make sure you get it right and ensure your future is secure. + +Buy, Hold, DRS. 💎🦍🚀🌚 +I'm not asking this as a Gotcha moment I'm asking cuz I don't know. + +I also see ETFs mentioned a lot but I don't know what those are yet so didn't mention them. + + +I talked with my father about this who is fairly investment averse since he's just a bit busy, and from what I got bonds are the most reliable but he also admits bonds are generally slow and boring, and if the market picks up again the interest rate might get left behind, making the bond a financial drag. So what can you do when things are on a downward trend? + +You can probably guess I don't really know what I'm talking about, so any terminology might need a website referral for me to read up on like investopedia. +So you can see the top hedge funds here: [HedgeFundTracker.com](https://hedgefundtracker.com/) + +My checking account is doing better than some these "smart" hedge funds lol... + +Bridgewater, AQR, Man Group, even Renaissance.... All down so much. + +Also, these guys charge 2 and 20... Anyone have any thoughts on what is going with their performance this year? Why so bad? +I’m 37, and my grandmother recently passed away. In addition to a life insurance policy (10k), she left her 7 grandchildren an annuity to split. When I called today, the representative told me if I lump sum was to be taken, I would receive an estimated 12k. She emphasized estimated because she said it “grows” every month. + +I know I should be better at this at my age - but I’m just not, and I would really like to do the best thing for my future. If it matters, it’s just me in my household (and my pup), and I also have job that isn’t the greatest paying, but I do have a 401k that I contribute 5% every month while my employer contributes 11%. + +Any advice would be appreciated, I’ve been lurking a long time, and have learned a lot already. +My wife and I (early 30s) are both in professional roles. I work in private equity at one of the large publicly-listed firms - she in consulting at one of the McKinsey/Bain/BCGs. + +We're each probably \~2-3 years away from making 'partner' at our respective firms (assuming of course, it happens). Our combined W2 incomes (excluding carry / co-investment distributions) is between $1-2mm currently. + +Assuming we each make partner at our current or at another firm (in case we need to switch) - our combined W2s may well be $3-5mm a year - or potentially materially greater if carried interest pays out (i.e., the investments my fund is making works out). + +Neither of us had parents who know the corporate world - or made this kind of money. Two questions for folks who have been in this position, or know of anyone in this position. + +1. With our current cash flow profile... what should we be doing from an investment point of view? Majority of my income today is going towards co-investments in the private-equity funds available to me through my firm (fee free). Is there anything I should be thinking about? Part of me thinks there's only SO much concentration I want both $ and % wise in one firm (particularly my employer). +2. Separate issue is that I we have quite a bit of leverage between our home mortgage and leverage for co-investments (our fund grants 70% LTV through a bank). All in all... have \~$2-3mm in debt. Lately this number has been SCARING me - it's a LOT of money - and all the assets associated with it is quite illiquid (primary residence, PE investments). On the other hand... our W2 income is high, we are in our early 30s, and think we have very good 'human capital' (i.e., the right set of degrees, skills, employment experiences that it's hard to see us not being able to find a relatively high paying job) - but I'm letting the debt quantum really stress me out. Anyone ever been in the scenario where they were very levered 'earlier' in the career as income was rising quickly? Should I be stressed?? +So my partner and I are thinking about getting our patio redone (my younger self is crying at how boring I have become). + + +Most of my money is tied up in my stocks and shares ISA so I will need to cash out some of it. Now, do I cash out the equities which are in green, red, both depending on whether I think a particular investment will still rise in the future, or none and just make a new savings pot for this very exciting (middle-aged) project? + + +Currently, my overall profile is in the red (it's been bouncing up and down a bit recently but I woke up this morning and it had gone from being slightly green to negative 2.5% (boo) +India is going to take a decision whether or not to join RCEP in coming couple of days. In this post I discuss whether India should or should not join it and then make some predictions. + +Some arguments why India shouldn't join RCEP : + +1. Past FTAs have not really worked for India. For example, in trade with ASEAN, Japan, China, our imports rose significantly faster than our exports. This is mainly because our manufacturing is noncompetitive, thus leading to us exporting raw goods/less value added products and importing more value-added products. (Why manufacturing is noncompetitive is mainly due to much higher real interest rate(and thus higher cost of capital) as compared to competitors, bad labor laws, land acquisition is also an issue) +2. FTA's have left services(mainly software services) out of their purview, where India has the real advantage. + +Some arguments why India should join RCEP + +1. One easy way to make our exports grow is to import cheap parts from other countries, assemble here(and thus add value) and export the final product. This is how China did in the initial stages of its developement. Also. this is what has been done in our country in mobile phone manufacturing with wonderful results. This will mean lowering import barriers, and thus entering into FTAs. But for this to work to our advantage we have to make manufacturing competitive in our country(which includes labor reforms, lowering the real interest rates) +2. (controlled)Competition in general good and leads to overall efficiency. +3. Moving people from agriculture to low level manufacturing is our only hope. If you think of it every issue in the country has its root in low efficiency of agriculture in our country. + +So in my understanding the **govt. should enter into RCEP only if**: + +1. Services are properly covered in the agreement. +2. Before the phased reduction in tariffs kicks in, introduce labor reforms, land reforms, reduce cost of capital. This can be done as we have Modi in center with an unprecedented mandate. Modi govt. took some risks in its first term, and through them giving 303 seats to BJP, the voters have said to govt. "TAKE RISKS, TAKE INDIA AHEAD". + +My predictions: + +1. Govt. has negotiated VERY hard in RCEP discussions, and India WILL sign the deal. +2. But this will lead to govt. persuading the Monetary Advisory committee to sharply cut the rates in December. +3. Labor reforms will be introduced in Parliament in the winter session. +4. One reason(apart from intuition) I say this because the High level advisory group, setup by the commerce ministry has come up with a bold and radical report, one suggestion of which to reduce the corporate tax was recently adopted by the govt.( [https://swarajyamag.com/economy/advisory-group-to-commerce-and-industry-ministry-has-some-bold-suggestions-but-then-india-didnt-give-modi-303-to-be-timid?fbclid=IwAR3yH4XatKp0qvybx19zIlD-8x9oO4aerW6spF4L8bHdgP18Q8\_pH4\_6mH8](https://swarajyamag.com/economy/advisory-group-to-commerce-and-industry-ministry-has-some-bold-suggestions-but-then-india-didnt-give-modi-303-to-be-timid?fbclid=IwAR3yH4XatKp0qvybx19zIlD-8x9oO4aerW6spF4L8bHdgP18Q8_pH4_6mH8) ) +5. **All these reforms will lead to a big bull run in the markets.** + +What do you guys think? + +1. Would joining RCEP be beneficial for us? +2. Is a bull run in the offing? +I have been thinking about how to deal with money managment for quite some time. One of my colleague has a system where he manages three bank accounts. As soon as his salary comes in ICICI, he transfers certain amount to his HDFC account( Emergency Fund ), certain amount to his SBI Account( Saving and Investment) and rest in his ICICI bank for spending. + +I really like this method as it becomes easy to track inflow/outflow. I am quite curious to hear about how other methods you use manage money? +I want to begin Dividend Investing by investing around 20% of my monthly paycheck to help with Financial Freedom in the future. + +I have researched a lot and they all come back to similar, essential stocks. + +These are the following: + +KO +MMM +AAPL +JNJ +PEP +VISA +T + +These tend to be the quintessential stocks in terms of the stability and yield they provide to hedge against risk. + +I am 23 years old, but others have said to invest into growth stocks instead because its not worth investing into Dividends if you cant live off it. + +Furthermore, I have also seen the argument of investing into a Index Fund such as a S&P500 Vanguard, however, this only provides a small yield so how is it possible to live off it in the future? + +If you could share your investment strategy, including the stocks you have picked and the rationale behind it, I would be grateful. + +Thank You and Good Luck Investing!👍 +Hello all, + +Just a bit of an inspiration post really. I thought it would be cool to hear some dividend investing success stories from whoever is kind enough to share their journey. + +Starting off on a dividend journey can seem quite daunting to some knowing how committed you have to be and resilient, are any of you near your financial goal of living off your dividend income completely? Could you share maybe what attracted you to dividend investing and what you have done to get where you are today? + +Hope to hear from some of you! +Thanks for your time +When Warren Buffett is asked "What is the best thing to invest in right now?" one of his standard answers is "invest in yourself". + +>In a 2017 interview, Buffett made a similar suggestion stating, "Ultimately, there’s one investment that supersedes all others: Invest in yourself. Nobody can take away what you’ve got in yourself, and everybody has potential they haven’t used yet." + +Buffett has also given examples of how he put this advice into practice: + +>by spending $100 early in his life for a public speaking course to overcome his fear of talking in front of others. The investment he made in himself enabled him to both propose to his wife and to sell stocks thanks to his newfound skills. + +He talks about investing in yourself all the time. One of my favorite versions: + +>“Anything you invest in yourself, you get back tenfold,” Buffett said. And unlike other assets and investments, “nobody can tax it away; they can’t steal it from you.” + +This weekend I wanted to see what everyone is doing to invest in yourself. Feel free to share success stories, future plans, or just brainstorms! +Everything is getting more and more expensive; Healthcare, food, gas, cars and the only thing not going up is wages. Making instant coffee, canceling Netflix and cooking my own meals isn't going to offset the high cost of living and inflation that is happening. We are fucked and I don't think the future will get better +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +https://preview.redd.it/hey1pagyy3371.png?width=1426&format=png&auto=webp&s=3f67f954eada1c783e5a87d7e87faa568be0358d + +# [HI BENZINGA](https://www.reddit.com/r/Superstonk/comments/nrny1a/they_are_watching_us/h0hk426/?context=3) 👋 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME Closing Price: $258.18 + +&#x200B; + +Open Price: $265.71 + +Daily High: $274.43 + +Daily Low: $242.12 + +Volume: 7.91MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[WeBull GME rating 06-03-2021](https://preview.redd.it/ebhtg1msy3371.jpg?width=1080&format=pjpg&auto=webp&s=7c7ffeba17431d5c90e424fe2468224a56399487) + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) + +&#x200B; + +*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!* + +&#x200B; + +Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Superstonk is now the 3rd highest rated community in Reddit in comments per hour, ahead of wallstreetbets and amcstock + +# Credit to OP u/xirix!!! [LINK TO OP](https://www.reddit.com/r/Superstonk/comments/nrc52s/rsuperstonk_is_now_the_3rd_highest_rated/) + +&#x200B; + +https://preview.redd.it/dk3do66jz3371.png?width=2208&format=png&auto=webp&s=d08b57e7354e4dac85dc6aaa2fd7b5f2cfaabf14 + +**We also have almost 375,000 members!!! 🥳🎊✨💥** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Lucy Komisar and Wes Christian AMA was FIRE 🔥 + +&#x200B; + +[Link to AMA](https://youtu.be/q8-JO3g5bm4)!! THIS ONE IS A MUST WATCH!! + +&#x200B; + +[Lucy Komisar and Wes Christian](https://preview.redd.it/99t20ld3z3371.jpg?width=1077&format=pjpg&auto=webp&s=72440415743a990968c4c0eb829223fea053ec7f) + +BE THE BIGGER BULLY! 💪 + +# ______________________________ + +# DFV & RC Tweets + +&#x200B; + +[Such a beautiful sight](https://preview.redd.it/6fgz6ujkq3371.jpg?width=1080&format=pjpg&auto=webp&s=4ea03b532339a84884b040b71c47a020d7bc3fdb) + +&#x200B; + +[Good mornin lil pink kitty!!! 😻](https://preview.redd.it/hn5ux8yay3371.jpg?width=1080&format=pjpg&auto=webp&s=1426aeebaa7a2f0011ec577995991d0bd1bacdbb) + +&#x200B; + +[Blowing shit up, idk](https://preview.redd.it/4jcuafh9y3371.jpg?width=1080&format=pjpg&auto=webp&s=436be36c21bdf131fa75afbda8d46def170863ae) + +&#x200B; + +[I saw u\/Buttfarm69's Chairman](https://preview.redd.it/qfq0n0car3371.jpg?width=1077&format=pjpg&auto=webp&s=88fc65115e269283faea298a8805a13b885ac070) + +&#x200B; + +https://preview.redd.it/g2td4zbdr3371.jpg?width=1080&format=pjpg&auto=webp&s=617993aa8b5be26765b4b04164c0c01c25714625 + +[A Jeffrey, you say? Like what was just in the news?](https://www.bloomberg.com/news/articles/2021-06-03/jefferies-blocks-short-sells-in-gamestop-amc-microvision) + +&#x200B; + +[Idk, just keep swimming lol](https://preview.redd.it/4fb35htm04371.jpg?width=1080&format=pjpg&auto=webp&s=aac5392a14059286a2a6a3c5dae06b103ada64c2) + +&#x200B; + +https://preview.redd.it/nldv9bfft3371.jpg?width=1046&format=pjpg&auto=webp&s=1758934aebc1159e819f2e5d27dff0d443c3f77d + +***My interpretation:*** **Sears represents the old way of retail, which he is destroying with his genius innovation. As the skull denotes, the old way of doing retail is under construction.** + +75+ years ago, our grandparents in the USA were ordering everything from their stove, their kitchen, their entire *HOME* from Sears, who was thought to be a retail game-changer almost a century ago. That was the face of innovation during the Cold War Era. I know, I grew up lusting after the 1950s technicolor Betty Crocker pink kitchens: + +&#x200B; + +[https:\/\/searshomes.org\/index.php\/2014\/05\/09\/1959-was-a-very-good-year-for-kitchens\/](https://preview.redd.it/la0nteaxt3371.png?width=1341&format=png&auto=webp&s=98de54453e8c8a6cc4d25b099e3925a93142f379) + +&#x200B; + +u/wfja pointed out that "ARS" is an SEC term for Annual Report to Shareholders! + +&#x200B; + +Whatever the tweets mean, I like the stock 🤷‍♀️ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# In Scary Stuff News... The RRP Nightmare + +&#x200B; + +[credit u\/sharkbaitlol for the pic!](https://preview.redd.it/i8cycc65w3371.png?width=1183&format=png&auto=webp&s=0b89f90c8a955d432a0f90ce98887d8bd3274f9e) + +That's 479 Billion + +Highest in history is 485 + +&#x200B; + +Essential reading to understand: + +[The Imminent Liquidity Crisis & Reverse Repo Usage- The Smooth Brain Edition](https://www.reddit.com/r/Superstonk/comments/nhepn1/the_imminent_liquidity_crisis_reverse_repos_usage/)\- by [u/plants69](https://www.reddit.com/u/plants69/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- our mod, u/bradduck_flyntmoore, and u/grungromp + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Safe and Sound with Team SATORI + +*written by SATORI dev,* [u/grungromp](https://www.reddit.com/u/grungromp/) + +&#x200B; + +Hey everyone! [u/Grungromp](https://www.reddit.com/u/Grungromp/) of Team Satori with a security suggestion for the day! + +We've had a LOT of people reaching out with suggestions and things they've been noticing, and one comment from a cyber security pro in particular felt important to pass out to the sub. + +We've been seeing small Reddit crashes and issues with access to the service and sub lately, and under normal circumstances they aren't anything to be incredibly concerned about. But we live in extraordinary circumstances, and caution is warranted. + +Any one of these crashes could be due to any number of reasons, but there is always a chance data has leaked in some way. With that in mind, password rotation is a fantastic idea! There's no need to panic right now, but if Reddit starts behaving weird, rotate your security, just in case. Better safe than sorry! + +**Buy. Hold. Vote. Fight.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# MODel Behaviour + +*written by* [u/Bradduck\_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) + +&#x200B; + +Howdy apes! [u/Bradduck\_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! How about that price action today, amirite?! Your Ape-bassador comes to you with a request from the Mod Team. Now that our beloved psychic monkey bot has been released into the jungle, things have obviously changed. It's obvious in new. It's obvious in hot. It's even obvious when you sort by controversial comments (one of my faves, btw ). HOWEVER, one of the things that still needs some attention is the number of posts of mass-shared content. + +We all know the stuff. Take 27 DFV posts per tweet, of the same tweet, or link to the tweet, or the tweet of the link of the tweet, for example. Or when eToro allowed voting; goodness, I must have spammed 100 duplicates of essentially the same thing every hour for three hours straight. Ngl, it was NUTS lol. Don't get me wrong, I, too, have posted things that I JUST found out about, only to find out five minutes later that I, in fact, was late to the party. It do be like that sometimes. We are all apes, and apes are, by their very nature, thrilled to share good news and exciting new information with their fellows. That being said, please don't be too upset if a fellow ape says something about your post already being posted. It's not a competition to see who can get there first. Remember when reporting or letting an ape know their content has already been posted, to be excellent to each other. This is, after all, the way. + +It is to this end that the Mod Team is making a formal request. Help us, help you. Weekend FUD patrol and The Knights of New are totally killing it, but the mass-shared content goes under-reported. It's a fact, and I think it has become easier to see, what with the SATORI hush that has fallen over this special little sub. + +I'd also like to take a moment to say how impressed I am with some of the behaviour I've seen in comments lately. Shit-talking is being countered with patience, humor, logic, and kindness. Lies are being called out with a sense of calm confidence. Scare tactics and outright aggressiveness is being met with chill and zen and dismissiveness. It's enough to make an Ape-bassador cry. Truly. + +sniffle Alright! So. Recap. Y'all are awesome. The love in here is really shining through, and Mods would REALLY appreciate if apes could start addressing the mass-shared content within the community. Report it. Let the OP know it's already been posted. SATORI can only do so much, and the content that flows on this sub is ultimately in our individual, collective hands. That's right, diamond fucking hands. + +Power to the Player 🚀🌙 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Vote- by u/[Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) + +Again, and again, until the voting is over-- we will be back here reminding everyone of its importance. All of this DD, all of this guidance from experts, all of this attention on this naked short-selling issue... will be for nothing, if we don't vote our shares.We must vote our shares to show everyone how prolific this issue is. This isn't just a matter of corporate governance, this is about proving to everyone that our investment is being crushed by greedy naked short sellers dumping, potentially, millions and millions of "Phantom Shares" into the market. This isn't anything new, as all our AMA guests have said, this problem has been going on for decades in some form or fashion... But this time, the new variable is us.By participating in the vote you are ensuring that every last share that the shorts have fabricated and sold to us is counted. Once their actions see the light of day, in the form of the vote count, this will be the beginning of the end...There is no way out for them as long as we all vote our shares. Anyone who tells you otherwise is wrong or doesn't fully grasp the situation. And to those of you who are told by your brokers that you aren't able to vote... make noise, tell them you demand your rights... If you own shares in a company, it is YOUR RIGHT to vote on that companies decisions. + +&#x200B; + +https://preview.redd.it/pfxa7yfau3371.png?width=1000&format=png&auto=webp&s=bc2d5ec1774c7d84f95a82d0ce6b47d6c33b38c6 + +**There is proof that this works, as we are receiving news that T212,** [**Etoro**](https://www.reddit.com/r/Superstonk/comments/nmtq9s/we_did_it/)**,** [**Tiger**](https://www.reddit.com/r/Superstonk/comments/nmt6lw/not_sure_if_posted_before_but_fyi_singaporean/?utm_medium=android_app&utm_source=share)**,** [**FUTU**](https://www.reddit.com/r/Superstonk/comments/nmvme5/hong_kong_apesss_using_futu_can_finally_vote/) **& more** **are now being made able to vote... So don't give up, if you had shares in time for the record date, then it is your right, do not take it lightly that they are trying to strip that from you.** + +&#x200B; + +[The other half of Sweden is joining the battle! Nordnet have decided to follow Avanza's footsteps and register all GME customers in a broker non-vote! Including all customers in the other Nordic countries!](https://www.reddit.com/r/Superstonk/comments/nn50ye/the_other_half_of_sweden_is_joining_the_battle/) + +&#x200B; + +[**Also, be sure to read this piece by**](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) [**u/Nauaf**](https://www.reddit.com/u/Nauaf/) [**on how to vote your shares!**](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) + +&#x200B; + +**Comment ! apevote ! (without spaces) to receive your custom voted flair!** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎉HYPE WEEK🎉 + +&#x200B; + +**Monday**\- NYSE Closed for Memorial Day + +&#x200B; + +**Tuesday**\- DFV TWEETED- THE KING IS BACK!!! + +&#x200B; + +**Wednesday**\- [Lucy Komisar and Wes Christian AMA](https://www.youtube.com/c/Superstonk/featured) at 4:30 PM Eastern! + +&#x200B; + +**Thursday**\- [SEC Closed door Sunshine Act Meeting](https://www.sec.gov/news/upcoming-events/closed-meeting-060321) at 3:15 PM Eastern + +&#x200B; + +**Friday**\- Take your protein pill and put your helmet on. + +&#x200B; + +There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week...We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK*** + +&#x200B; + +Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + +&#x200B; + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to: + +&#x200B; + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +&#x200B; + +https://preview.redd.it/8ghhtrdou3371.png?width=1600&format=png&auto=webp&s=6968fa591362a0f426921c35b303de4ab51fb0c4 +Otherwise it's just noise, these updates/watchlists are all the same. + +We already have premarket scanners. We already know XYZ stock has gapped up premarket because earnings or positive trial results etc etc + +We are here to learn, so it would be useful if you either updated the post with the trades you took, or started your daily watchlist with what you traded yesterday. + +Just a suggestion. + +With all these watchlists popping up more often I wouldn't be surprised if the mod put them in a sticky sometime in the future. Like those "Look at my trading setup" photos that flooded the sub for a while. + +Edit: I don't mean write live trading updates/buy signals. I mean come back the next day and explain what you did with your watchlist. +I'm back again and here to defend my thesis and my credibility. I will now present my post on the big question of how I arrived at my $100,000 valuation for the GME Token from my previous post "THE GME TOKEN WAS A BACKDOOR BAILOUT OF SHORTS." This will be done in series of posts due to the nature of its complexity. Before I begin, I feel it's fair to say I have received quite a bit criticism, some less constructive than others, about that post. Although at times the criticism far outweighed the support, there was plenty people that did reach out privately to show support. For those that reached out, thanks and here I prevail. There were plenty of moments where I almost just said screw it, I am not going to do it. However, I decided it wasn't fair for those that did show support not to show it, so here it is. + +&#x200B; + +I am going to start with the most juicy and shocking information first, followed by more detailed posts later. If you have not read my previous posts, I recommend you do as I will be referencing material from them for this post. I have created links to the posts here as quick reference. + +["THE GME TOKEN WAS A BACKDOOR BAILOUT OF SHORTS"](https://www.reddit.com/r/Superstonk/comments/z1igo0/the_gme_token_was_a_backdoor_bailout_of_shorts/?utm_source=BD&utm_medium=Search&utm_name=Bing&utm_content=PSR1) (POST 1) + +["DEBUNKING THE DEBUNKING"](https://www.reddit.com/r/Superstonk/comments/z2bap3/debunking_the_debunking_the_font_page_post_the/?utm_source=BD&utm_medium=Search&utm_name=Bing&utm_content=PSR1) (POST 2) + +["THE TOKEN FILES"](https://www.reddit.com/r/Superstonk/comments/zk9tqr/the_token_files/) (POST 3) + +&#x200B; + +The things I am about to share are extremely sensitive and likely to bring about some major revelations. There is now undisputed data that the GME Token was directly connected to a $4.2 Billion Dollar Transaction from a single address. The example I am going to share here in this first post is just one of many. To start lets first address which specific GME Token is being discussed. + + [0x2ec08e59ed827be587897edcdbff59215e785496](https://etherscan.io/address/0x2ec08e59ed827be587897edcdbff59215e785496) (Token Wrapped Gamestop Contract Address) + +&#x200B; + +From POST 1 I presented how the GME Token appeared to be used as a ledger for buying only. From POST 3 I showed how this token is likely utilizing DLT under the Ethereum blockchain through smart contracts. Since there was only 1 seller of the token it makes it easy to plot the exchange rate of ETH/GME Token. This is because every continuing buy order ONLY continues to deplete the supply of the initial 10,000,000 minted. Swap values for ETH/GME Tokens can be found under the DEX Trades Tab listed for the GME Token. Here is what the plot looks for y(x) where: + +y = Swap Rate Value of ETH/GME Token + +x = Total Tokens Utilized at moment of transaction + +&#x200B; + +https://preview.redd.it/x92npef7ws5a1.png?width=579&format=png&auto=webp&s=489808945eb425be8407027e419426bfaebc576c + +This is what the plot looks for all transaction under the GME Token. At first glance it appears there is not a trendline function that would fit the curve as R\^2 Value is inaccurate. If one examines more closely though it looks like there are 2 distinct sections of the plotted data points and separated by 1 outlier data point. Let's now remove the outlier and see how it effects the trendline for y(x). + +&#x200B; + +https://preview.redd.it/snzie6ltxs5a1.png?width=581&format=png&auto=webp&s=80d6e3dff40114574e60faf0d6af625a365ad4a4 + +Removing the outliner had little to no effect on y(x) or R\^2. I then replot the data on 2 separate charts breaking the data into the 2 distinct sections mentioned above. Additionally, I add the outlier back in back into the data set for the next 2 charts. This next chart will show the first section of the data and does not include the outlier in the data set. + +&#x200B; + +https://preview.redd.it/7h2dw5ugzs5a1.png?width=586&format=png&auto=webp&s=85aba22210c236f57b65627a158f9940198832a9 + +Here you can see clearly how it follows the 4th Degree Polynomial Equation y(x) to near perfection. The R\^2 value here shows the trendline is extremely accurate in representing the data set. The R\^2 value represents how much deviation there is between the trendline function and the actual data points. An R\^2 value of 1 means that the data follows the trendline with 0 deviation. Conversely, an R\^2 of 0 means it doesn't follow the data at all. + +&#x200B; + +Next, we will examine the second section of the data set which does include the outlier. It is significant to note that the outlier was the first transaction after the "Intervention/Halt" mentioned in POST 1. Here is the plot for the second section in the data set. + +&#x200B; + +https://preview.redd.it/68o46tb43t5a1.png?width=586&format=png&auto=webp&s=2a69082d5366f7f811b4a07c782df8b69a4938f9 + +After trying different trendline function types to match the data set with an acceptable R\^2 value the most appropriate was determined to be a linear function. Here the value of R\^2 is still accurate enough to represent the data set, but the data does look to have little more randomness to it. Removing the outlier from this data set did improve the value of R\^2, but only minimally and not enough to justify removing it from the data set. + +&#x200B; + +So why am I showing a bunch of charts with lines, equations, and R\^2 values? Well as indicated from POST 1, these values were only meant to represent a percentage of collateral. Those collateral amounts would then be exchanged through similar/other financial vehicles that are indirectly connected to GME Token Buyer Wallets. Here is very simplified breakdown on what that might look like, but keep in mind that these transactions were actually a very complex transfer of funds. + +Wallet A1 sells Wallet B1 - 10 Debt Tokens (Token Face Value = $10, Transaction Total = $100) + +Debt Token Actual Value $1,000, Actual Transaction Total = $10,000 + +Wallet B2 then Transfers (Not Sells) 8% Collateral to Wallet A2, $10,000 x 8% = $800 + +&#x200B; + +Here neither Wallet A2 nor Wallet B2 Interact with the GME Token for a large transaction to take place. So why not just conduct the large transactions under the GME Token? Why do it in such a roundabout way? Easy, there are 2 reasons. First and most obvious reason is Fukery. Second is that makes the whole existence of the Token seemingly insignificant and go unnoticed. WELL ALAS, THE EASTER EGG HAS FINALLY REVEALED ITSELF. THIS WAS NOT SUPPOSED TO BE FOUND AND WHO EVER DID IT LEFT A HUGE SET OF TRACKS! + +&#x200B; + +Hidden in a Contract of one of the GME Token holders was a transaction for $4.2 Billion Dollars. Here you will see how a more complex version of the wallet transaction described earlier was used through smart contracts on the blockchain. Here you can see the top holders for the GME Token, which can be viewed by going to the Holders Tab. + +&#x200B; + +https://preview.redd.it/ksqf98h2lt5a1.png?width=1383&format=png&auto=webp&s=afb48074afc6f951c82b7cfa9e9a0029a0df2054 + +Under number 5 you can see how the Address that is listed is for a contract. If we follow that contract and look at all the activity for it, this is what we find. Here is the link to the contract: + + [0xd769010d3813bafaf4addbfe258eafd07828bb83](https://etherscan.io/address/0xd769010d3813bafaf4addbfe258eafd07828bb83) + +&#x200B; + +https://preview.redd.it/u9d3j9u9nt5a1.png?width=1388&format=png&auto=webp&s=c0e16f5417ee6921ff6e5df03740901a830cbd5b + +Here you can see a list of the transactions for that contract. Detailed inspection shows the history is filled with mostly errored transactions involving pulsechaindotcom, all of which all took place on January 2nd, 2022. THERE IS 1 "RELEASE" TRANSACTION THAT ACTUALLY WENT THROUGH AND IS ALSO LAST TRANSACTION FOR THAT CONTRACT. THIS TRANSACTION ENDS UP BEING HUGE AND EXTREMELY SIGNIFICANT. Before we reveal this EASTER EGG, lets first look at the rest of transactions for this contract. + +https://preview.redd.it/64wzqcn5pt5a1.png?width=1393&format=png&auto=webp&s=c5209e0f992563b3bf60d8cf11567907ae1cb086 + +Here you can see the very first transaction with pulsechaindotcom that errored out was on January 2nd, 2022. The following transaction can be seen with Alameda Research that took place April 14th, 2020. That means that no activity took place on the contract from 4/14/2020 through 1/2/2022. Then on 1/2/2022 a slew of errored transactions took place with pulsechaindotcom. FINALLY WE ARRIVE AT THE VERY LAST TRANSACTION FOR THE CONTRACT. + +&#x200B; + +https://preview.redd.it/9iq4hfnuqt5a1.png?width=1363&format=png&auto=webp&s=1424b8e4b1aa1c0d28044874495e914a7e380505 + +At first glance it looks like the value of this release transaction is 0 Ether, so it might be easily dismissed as nothing. However, this transaction ends up being a HUGE EASTER EGG and it revealed itself on September 28th, 2022. By opening the Transaction, you are able to see the details and here is what it reveals. + +&#x200B; + +https://preview.redd.it/s9cibxq9tt5a1.png?width=1211&format=png&auto=webp&s=68873935566081204de1cac552436bb66b1facba + +Here you can see that release was in fact for 173,926,273 FTT Tokens with a Value of $238 Million. But wait a minute, I thought it was $4.2 Billion Transaction not $238 Million? Well, good news, that $238 Million is the current value as I write this post after the FFT Token Tanked recently. By clicking on the $238 Million Value, you can see the value for that particular transaction the moment it happened. **ARE YOU READY FOR IT, HERE IT IS, $4.2 BILLION DOLLARS!!!!** + +&#x200B; + +https://preview.redd.it/nh1m0ewtut5a1.png?width=522&format=png&auto=webp&s=550ed9268258efa51add07e426dadae862dd9bfd + +Before we continue on, here is an important thing to consider about this transaction. First is that total current supply of FTT Tokens is 328,895,112, so that means this transaction was for 52.9% of the entire FTT Tokens in existence...HOLY CRAP!!! + +&#x200B; + +If we want to get a real valuation for how much collateral this transaction was for, then you must look at the value of the FTT Token on the day that the GME Token was created. On January 27th the day the GME Token was minted and traded the FTT Token Value was $9.60/FTT. So this transaction value on the day of GME Tokens creation would then be $1.67 Billion. Looking back at the value of FTT Tokens prior to the January 2021 Sneeze it seemed to look like a steady crawler. That was until December 2020 about a month before the Sneeze, when seemingly everything changed and it began its vertical ascent from an obvious pump. + +&#x200B; + +Let's now talk about the price history of FTT Tokens and then show how it effects this transaction. + +December 27th, 2020 - Price of FTT Token, Approximately $5.25/FTT + +January 27th, 2021 - Price of FTT Token, Approximately $9.60/FTT + +September 9th, 2021 - Price of FTT Token, Approximately $79.53/FTT + +&#x200B; + +If you now use the value of FTT on 9/9/2021 for $79.53 and then apply it to this transaction, this is what you get. + +**$79.53 x 173,926,273 = $13,832,356,491 = $13.8 BILLION DOLLARS** + +&#x200B; + +THIS MEANS THE CONTRACT THAT WAS HOLDING THESE FTT TOKENS AS COLLATERAL FOR THE GME TOKEN WAS AT ONE POINT WORTH $13.8 BILLION DOLLARS! THIS IS ABSOLUTELY INSANE!!! + +&#x200B; + +Here is where we connect all the details from this post to arrive at the $100,000 per GME Token. If we look at how many GME Tokens that the contract for this transaction held on collateral, we can see its 500,000. This can be confirmed by looking at the Holders Tab for the GME Token. + +&#x200B; + +https://preview.redd.it/41k9s2vh8u5a1.png?width=723&format=png&auto=webp&s=7328fdc37152039cdc92f03b02785cc50c4b2e95 + +Now do doing some simple Math using the Value of $100,000 per GME Token we find: + +500,000 GME Token x $100,000 = $50,000,000,000 = $50 Billion + +Let's now recall Contract Value at the different dates and compare them percentage wise to the $50 Billion. + +January 27th, 2021 - $1.67 Billion (3.34% Collateral Value) + +September 9th, 2021 - $13.8 Billion (27.6% Collateral Value) + +September 28th, 2022 - $4.20 Billion (8.4% Collateral Value) + +&#x200B; + +Hold on minute, none of those add up the $50 Billion, which is what gives us the $100,000 GME Token Value. First take note that I used the word Collateral, which inclines a percentage of total value. Now let's go back to the charts I showed at the beginning of this post with the Swap Rates? The small transaction values from the swaps of the GME Token seem to dictate the Collateral Amount for the Holding Parties. To put it into simple terms mathematically: + +\[$50 Billion Total Value\] x \[Swap Rate f(x)'\] = Collateral Value + +&#x200B; + +So how do we determine \[Swap Rate f(x)\]'? Well, that it is for another discussion in Part 2 of this post, as we have to go down yet another rabbit hole. Hopefully by now you are starting to see the big picture on the magnitude of just this one transaction. There are plenty more juicy details to come soon, but I want to add few additional details that will support the GME Token Valuation of $100,000. + +&#x200B; + +Let's now look at the smallest token holder for the GME Token, disregarding the last 2 holder that are of insignificant quantity. + +&#x200B; + +https://preview.redd.it/r2lgo604iu5a1.png?width=862&format=png&auto=webp&s=4d186ca0796f5208eb14fce9ab278b868ebf0d26 + +If we now assign random values to the token, we can get an idea of how big a player this would be in terms of dollars. It is first important to consider the types of players and money involved regarding something this big. Small Players under $100k would not even be part of this or even know about it. + +2.44 GME Tokens x $1 = $2.44 (Player Insignificant) + +2.44 GME Tokens x $10 = $24.40 (Player Insignificant) + +2.44 GME Tokens x $100 = $244 (Player Insignificant) + +2.44 GME Tokens x $1,000 = $2,440 (Player Insignificant) + +2.44 GME Tokens x $10,000 = $24,400 (Player Insignificant) + +2.44 GME Tokens x $100,000 = $244,000 (Player Eligible, INSERT QUARTER PLEASE) + +2.44 GME Tokens x $1,000,000 = $2,440,000 (Player Eligible, BOOM TOWN) + +&#x200B; + +As you can see there is only 1 clear value for the GME Token that would make sense in order for that player to be significant enough to participate. $100,000 is the Goldilocks value that make everything come to together and click perfectly into place. Let's consider for a moment that the GME Token was for more than I am claiming, THEN THIS IS EVEN BIGGER, WHICH IS AN AMAZING THING! Doing some simple math if the GME Token was worth $1,000,000 we get: + +\[10,000,000 Total GME Tokens\] x \[$1,000,000\] = $10 TRILLION DOLLARS + +&#x200B; + +$10 Trillion Dollars would be far greater than $1 Trillion I originally claimed regarding the token pool value from POST 1. I will add one final note before ending this post. I want to reiterate the uncanny and improbable coincidence that the very first buy first transaction connected to Melvin from POST 1 connects perfectly using a GME Token Value of $100,000. There are many factors as I have shown here that support the claim for the value of the GME Token. There is additional information I will be putting into Part 2 to further support the valuation. For now, this should give you glimpse into the significance of everything regarding this Token and that huge dollar amounts are connected to it. + +&#x200B; + +That's it for this post, I hope you got as much satisfaction out of reading this as I did writing it. Cheers! +I know there are many ways to efficiently use such money but I need your opinion as to personally how would you invest such money, so as to earn interest or other income using that money. +You can elaborate alternative ways in which you could invest as to high risk/ low risk/ medium risk if you want to. +I request the answer shall be educative for noobs like me as to what are the various ways to invest efficiently. + +Edit 1: kindly explain why would you invest in such fund/ investment + +Edit 2: you can also include various types of investments like gold, real estate also +Wanted to point out that today is the first time since the selloff began that BTC is now oversold. RSI < 30. + +We might be near the end. + +** Correction -- end of the selling. +Back in Jan my Monzo account was offering me £10000-£15000 in personal loans with rates of between 3.1%-7.4% APR. My financial situation has actually improved (am now on higher salary) and have since paid off some additional credit card debts. Yet now I am only eligible for a £500 loan with 25.9% APR? Is this simply due to the covid-19 crisis and Monzo being inundated with loan requests? Has anyone else experienced this? +<opens arms to receive hate and downvotes> + + +So, change my view on this. Every once in a while I revisit this on my head, and I always come to the same conclusion - this doesn't make sense and why do people say this all the time? + +My points: + +1. income is income, no matter where it comes, and it can be used to spend wherever you want to spend. What's the reason to say that a specific income gets applied as a discount to a particular purchase? It makes the same (no) sense as if I found a dollar on the street and say that now my morning coffee is 1$ cheaper. Or conversely, why can't I say that I sell a covered call on my $AAPL shares and with that money I reduced my cost basis on my $MSFT purchase? +2. more importantly, it doesn't make sense from a tax point of view. Tax-wise the money earned on CCs does not really reduce the basis when I report to the IRS. Moreover, if I hold long term, taxes on the CC income and on the stocks gains will likely be short-term for the CCs and long term for the stock. The only way options \*really\* affect the cost basis of the stock is if I get assigned on a CSP (or if I exercise a call, but in that case it \*increases\* the cost basis). So it doesn't make any sense from an accounting point of view either + +Is all then just self-delusion? Happy to hear arguments! + +&#x200B; + +EDIT - Thanks for all the comments! They've definitely not changed my view, but I understand now where the spirit of the expression is coming from. I say, to each their own and many successes in your endeavors! +Hey all, the title is pretty self explanatory. This is not my rental. It's a friend's. He bought the property in July, tenants occupied. They are section 8 tenants. They have been threatening my friend (the owner). He lives in the building too on the first floor. + +He has asked the tenants to remove some of their rubbish in common areas and they've reacted violently, cursing him out etc. They have ripped security cameras from the walls. They have now brought people to the building explicitly to fight her and destroy property. + +What can he do? He's called the police and they've done nothing. What else can she do? + +Sheriff's Office is also refusing to enforce evictions though he has already started the court process. +Hey guys and gals, + +Long time fundamental value investor that prior to last month has never bought or sold an option. We’re taught that with patience and conviction, the best strategy is to find value and hold. This has been my strategy for many years and I’ve built a low 7 figure balance portfolio with patience. I do my research and know companies in and out before investing. + +The problem is that patience really is a virtue. It’s frustrating waiting for the market to see the value that I see. For some reason, I’ve always looked down on ‘day traders’ who speculate and trade options. I always thought that it should be left to the sophisticated and retail should stay out. Little did I know that a well constructed portfolio with options trading can actually simultaneously derisk AND increase returns. Had I known about the Theta Gang many years ago, I’m confident that I would have a portfolio many times larger than today. + +I’m writing to pick all of your collective brains on lessons learned, mistakes made, prudent risk management practices and the like. With anything, the key is the start small, optimize, rethink, learn and redeploy. My thoughts are below: + +**Stock targets** + +* High IV +* High growth names that are unprofitable in the short term +* Miniscule or non-existent insolvency risk. Need to have strong liquidity and minimal debt +* Take advantage of wall street myopic Q/Q or YTD performance evaluations. +* Take a long term 5-10 year view. Do not employ strategy on stocks I don't like + +**CSP for entry** + +* CSP ATM in names that I want to hold. Weekly 5 DTE’s. Minimum yield, but I actually want to get assigned. +* If I don’t get assigned, rinse and repeat for next week. +* Be disciplined in the entry point. If you keep collecting premium and don’t get assigned, don’t chase at a higher strike next week if your cost basis is above where you want to hold. This stresses the importance of fundamentals in determining the intrinsic value of the stock + +**Risks:** + +* Stock rips and I miss out on gains. Could have just bought at market if I thought it was crazy undervalued. +* Shares tank and I get assigned. My cost basis could be well above what the market is trading at now. +* In general I think selling the CSP’s are the easiest part of this. Don’t need to monitor your portfolio at all on this end of the trade if you have the conviction to hold long term. Again, emphasis on fundamentals and 5-10 year view + +**Question:** + +\-What DTE CSP’s do you folks usually sell? There’s obviously an opportunity cost here. Sell a longer DTE and capture more yield. CSP’s are pretty capital intensive so you can increase yield going a longer DTE. However, my goal is to get assigned. + +**CC’s for capturing premium** + +This is the tricky part and requires the most monitoring. In general as long as you sell a CC above your cost basis, you’re winning, but my goal is to protect my shares. This is where I could use all of your advice on risk management practices. + +* Sell 5/30/60 DTE OTM CC’s depending on various factors +* Keep 3x CC premium in cash to Buy to Close CC’s if they start to rip. Figuring out exactly at what loss you buy these back is the science. Keeping my shares is the goal. +* Be super careful of upcoming catalysts and CC’s around these dates. Always back test to my LT price target. Sell longer DTE CC’s when IV is elevated and market price is hovering at short term price target levels. +* Understand P/S or P/E or EV/EBIT multiple trading ranges for the stock. When it’s ripping close to its upper threshold, sell closer to ATM. + * If on the lower end of the trading band, sell farther OTM CC’s. + +Risks: + +* Super volatility. I buy back CC’s at a loss and then stock plummets back down. +* Assignment. I lose my shares which are now worth much more than the strike I sold. +* Longer dated DTE’s lock up the shares. Miss the opportunity to compound premium on worthless CCs sold that have expired on a shorter DTE. +* This strategy is easier in a moderate bull or bear market. Also absolute return in a crazy bull market (although caps upside). The real challenge is selling CC's in a crazy bear market where your cost basis is above the market. This is where the risk management science comes in. + +Questions: + +* How actively do each of you manage the portfolio? I think weeks that I’m super busy at work, and no time to monitor, I’d sell longer dated CC’s further OTM. Can’t keep checking portfolio every second. Weeks that I’m slower, I can sell closed ATM tooptimize yield. +* How technically astute do I need to be to do this? I’ve never read a chart, looked at VWAP, RSI, MACD etc. Do you make sure you know of resistance before selling CC’s? What metrics do you think are essential to understand? +* What software do you recommend if super technical? Remember, I’m a recovering value investor that has never bothered looking at a chart. +* I need to study the greeks intimately. Any recommended reading / courses you've found helpful? + +Excited to join the Theta gang. I feel like this is going to change my life. I feel like a kid in a candy store looking at IV on under valued companies. This strategy gives an investor a huge incentive to diversify because you want to hold a large inventory of shares when earnings season comes around for each of them. + +Looking forward to getting your thoughts and contributing to the community. + +&#x200B; + +EDIT: Thank you all for the helpful advice. Will definitely check out tasty trade and appreciate the helpful comments so far + +For clarity on my comments wrt retail investors -- I think retail has an inherent advantage over wall start given a long term focus AND a much smaller book. It's way easier to earn a return of 30% on a 5m portfolio vs 20 bn. We have access to trades that HF's don't because we won't move the market nor no cap is too small for us. Father Time is on our side. +This year I sold all my rare Pokémon/Yu-Gi-Oh cards and some other old rare nerdy things and now I have around £15k cash. I want to put the cash in my bank but I'm scared the bank might ask where I got this money from? All this was sold in person and some on eBay. Appreciate everyone's help +Crypto investor here, got into LoopRing and then found my way to SuperStonk, now xx GME shares DRS’d thru ComputerShare. First post here, be gentle on this baby ape please :). + +LoopRing and ImmutableX are pumping today, both up 25% in the last couple hours. Why? Nobody knows. It’s crypto. But here’s my guess … + +GameStop announced their earnings this past week. The earnings didn’t trigger the MOASS everyone was hoping for, and the overall market reaction was “meh”. + +BUT. They did announce that their NFT marketplace would be live by the end of Q2, which is July 31. This was the very first thing they announced in their earnings. It’s a big deal. + +So what does this have to do with LRC pumping today? + +I think it’s because the smart investors know that the NFT announcement basically sets a date for the moon of the NFT-related cryptos that are (likely) partnering with GameStop. Which are LoopRing and ImmutableX. + +So if you knew July 31 was the scheduled moon date for those 2 coins / tokens, and you were a whale or institution looking to load up, when would you buy? When all eyes are on GameStop stock on Thursday after earnings? How about Friday when the stock markets are open, financial shows are on the cable networks, and suits are refreshing their market chart browser tabs every 5 mins while collecting their paychecks? + +Or how about Saturday? When regular stock markets are closed, no one is watching CNBC, everyone is mowing their lawn, and nobody is paying attention. Yep, that’s when I’d load up the tractor trailer if I were a whale or institution looking to avoid attention. + +Who’s up big today? Both LoopRing and ImmutableX. Together. The two GME NFT partners. The quiet weekend after GME announces the launch date of the NFT marketplace. + +Not a coincidence. The NFT marketplace announcement was a Big Deal. And someone(s) big knows it, but doesn’t want anyone else to know they’re loading up. + +Bullish. +I'm 27 living in an MCOL city in Ohio, currently projected to hit leanfire around 50. I grew up elsewhere in the Rust Belt, in an economically stagnant area -- and by that, I mean the median family income in this city last year was $24,000, and the median home value sits around $40,000. My family clocked in at about 2x both of those figures, which represents the approximate average for a family of four in the US. However, by my town's standards, we led a comfortable middle-class life. + +My upbringing makes me think of one of most common criticisms of the FIRE concept: that FIRErs are mainly high-income earners that happen to live in LCOL areas, and that this isn't as obtainable for those without high incomes or those whose jobs can only be done in or around H/MCOL markets. I'm not rich, but I pulled in about $63k last year. Not stellar, and slightly above average for the US as a whole, but not bad for a 27-year old with a mediocre accounting degree from a Tier 4 state school, and a pretty far cry from my hometown's median of $24k. My job can be done remotely from anywhere, which allows me to live in a $900/month apartment about 45 minutes from the city with no roommates and no family to provide for, and save roughly 30-50% of my take-home pay depending on the month. I've been dealt a pretty favorable hand as far as income goes, and that level of privilege is what makes me think about how the FIRE concept relates to the US as a whole, even pre-COVID. It seems to be that a lot of the FIRE literature is aimed at people who are already middle to upper-middle class, but who have a spendy lifestyle that keeps them from accumulating wealth. Oh, if only they could get out of their BMW lease or their Starbucks habit, and FI would be theirs...or such is the theme of all of these books. + +It makes me chuckle a little when I hear things like "cook all your meals at home! Take public transit! Exercise in the park instead of paying for a gym! Use your library instead of buying books/DVDs!" because in my neck of the woods, ***everybody was already doing that***. Not as a lifestyle choice -- it was their *only* lifestyle choice. + +It's this reality that makes me think twice when I hear Millionaire-Next-Door-esque comments like "anyone can FIRE if you work hard enough." While that is theoretically true, there's no escaping the reality not everyone is running this race out of the same gate. My quick and dirty calculations would have more more-or-less leanfire at 50, or FIRE at 55 or so, without taking into account Social Security or FERS pension. This is so far removed from the reality in my hometown that it isn't even funny, where most young workers live hand-to-mouth and retirees live entirely on SS. I'm not doing anything they are not doing; practically the only difference is that I was able to increase my income to a slightly-above average level that is honestly not that impressive on the national scale. + +I'm not sure if comments or thoughts like this are typical of FIRErs, especially those from bottom-quartile income backgrounds, and I'm wondering what, if anything, we as a FIRE community should be doing to improve access to financial education for the country at large. Discuss. +I love hype more than anyone but don't forget the most important thing is to juts buy and hodl. That's it. July 14 is just a regular trading day. This one is getting a little too much hype and speculative dd. We know nothing but buy and hodl. No official announcements have been made so please don't be disappointed if nothing happens at all my fellow apes. Buy and hodl. +🦍❤️🦍🚀🚀🚀 +It is time to **correct the FUD** that is floating out there surrounding ComputerShare. The more and more I look into this, the more convinced I am that moving shares out of the DTC using DRS and ComputerShare is the right thing to do. Every time the [Direct Registeration System](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) (DRS) is mentioned, someone will pop up to spread FUD to convince people to avoid using ComputerShare. + +Let’s look at some common FUD and correct the record. + +**Example #1: You won’t be able to sell your shares.** + +This is the most common FUD that is posted to try and dissuade people from ComputerShare. ComputerShare has a relationship with brokerages to sell your shares when you request them to. I had previously thought, incorrectly, that sales would take a bit of time. This is false. + +With ComputerShare and GameStop’s DirectStock plan, you have the following options to sell: + +* Market Order +* Limit Order (Day) +* Limit Order (30 Day) + +Lots of FUD going around that says something to the effect of: *If you try to sell, it will take days!* + +**False** + +If you initiate a market sell order on ComputerShare, they will attempt to execute it immediately. If you submit a limit order, they will enter it to go at the price you specify or greater. There is absolutely **no problem with selling using ComputerShare**. Settlement will still take T+2 days as usual, same with any other broker. + +Just for my own reference, I checked to see what the page looked like on ComputerShare when trying to sell. I found this, including the Market Order and Limit Order options. + +https://preview.redd.it/fyzsy93ul5h71.png?width=1132&format=png&auto=webp&s=074cdfbe549bfac1b0505b8a77659c33db6eeeb7 + +You can review the DirectStock brochure for GameStop [here](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78). I am copying the section regarding selling below: + +>A Participant may sell all or a portion of the shares credited to his or her DirectStock account at any time by submitting a request to Computershare online. Methods described below may not all be available at the time of your transaction. At the time of sale, available methods shall be displayed online. + +**Market order sale requests (requests to sell shares promptly at the current market price) received by Computershare during market hours (normally 9:30 a.m. to 4:00 p.m. Eastern Time) will be submitted promptly to Computershare’s broker.** Any orders received outside of market hours will be submitted to Computershare’s broker on the next day the market is open. Sales proceeds will equal the market price of the sale obtained by Computershare’s broker, net of taxes and fees. Computershare will use commercially reasonable efforts to honor requests by Participants to cancel market orders placed outside of market hours. Depending on the number of shares being sold and current trading volume in the shares, a market order may only be partially filled or not filled at all on the trading day in which it is placed, in which case the order, or remainder of the order, as applicable, will be cancelled at the end of such day. To determine if your shares were sold, you should check your account online. If your market order sale was not filled and you still want the shares sold, you will need to re-enter the sale request. + +A day limit order (an order to sell shares when and if the stock reaches a specific price on a specific day) is automatically cancelled if the price is not met by the end of that trading day (or, for orders placed outside of market hours, the next trading day). Depending on the number of shares being sold and current trading volume in the shares, such an order may only be partially filled, in which case the remainder of the order will be cancelled. The order may be cancelled by the applicable stock exchange, by Computershare at its sole discretion or, if Computershare’s broker has not filled the order, at a Participant’s request made online. + +For a good-til-cancelled (GTC) limit order (an order to sell shares when and if the stock reaches a specific price at any time while the order remains open (generally up to 30 days), depending on the number of shares being sold and current trading volume in the shares, sales may be executed in multiple transactions and over more than one day. If shares trade on more than one day, a separate fee will be charged for each day. The order (or any unexecuted portion thereof) is automatically cancelled if the price is not met by the end of the order period. The order may be cancelled by the applicable stock exchange, by Computershare at its sole discretion or, if Computershare’s broker has not filled the order, at a Participant’s request made online. + +**This next section only applies if you make your sell request in writing, by sending ComputerShare a LETTER IN THE MAIL:** + +>For any orders not designated as one of the order types set forth above, Computershare may, in its sole discretion, treat such order as a market order or batch order (an accumulation of sales requests for a security submitted together as an aggregated request). Batch order sales will be processed no later than five business days after the date on which the order is received by Computershare, assuming the relevant markets are open and sufficient market liquidity exists (and except where deferral is required under applicable federal or state laws or regulations). Sales proceeds will equal the weighted average sale price obtained by Computershare’s broker for all shares sold in such batch on the applicable trade date or dates, net of taxes and fees. Any such orders received by Computershare are final and cannot be stopped or cancelled. For an additional fee, a participant may choose additional proceeds delivery option which may be available. These include electronic funds transfer and foreign currency disbursement (subject to additional terms and conditions). + +**Example #2: They’re slow, outdated. I couldn’t remember my password and they wouldn’t let me reset it online!** + +ComputerShare is an online company. They are handling REAL property, real DRS share certificates worth billions and (potentially) trillions. They have processes in place purposefully to be slow when it comes to **security**. They don’t want you to be able to get phished or hacked, so they have things that are *inconvenient* to you, to **protect** you. There was an example someone made where they forgot their ComputerShare password. ComputerShare made them submit documentation and then they sent password reset instructions **in the mail**. That’s for your protection, don’t be dumb and misplace your fucking password. + +When you log in, ComputerShare makes you answer personal questions. They show you a custom graphic to confirm that you are logging on to the right page. They alert you immediately upon login if anyone attempted to log in as you and failed. The only way it could be better in my opinion is if they also added 2FA. + +Personally, I have received all ComputerShare letters in 2-3 days. + +**Example #3: Read online reviews, ComputerShare is a nightmare!** + +Take a look at the [Yelp](https://www.yelp.com/biz/computershare-canton) reviews for example. + +Lots of people complaining that they had to wait for things to arrive in the mail (account verification code for example). Or that they couldn’t immediately process a transaction for a deceased relative without a load of paperwork. Or that changing contact information, last names, phone calls… etc are extremely slow and they require a lot of information from you to do things for you. **This is all security.** + +We are in 2021, where everything is immediate. Stock certificates and shares should be viewed more like holding a title or deed to a house. It **should** be a bit more cumbersome and slow to protect people from scams and fraud. + +Someone calling to try and change the name on their ownership.Someone calling to try and sell shares of a dead relative.Someone calling saying they lost their physical certificates.Etc. + +It should be hard to deal with these things. They need to prove you are who you say you are. If you have all the paperwork, answers to questions… etc. You won’t have a problem. + +Tips: + +* Use a unique and hard to guess **username**. Keep it stored, in password manager that is under a password, biometric or 2FA system. +* Use the hardest security questions you can easily remember. Write them down somewhere secure (password manager). Don’t forget them, don’t screw them up. +* Use a **unique password** that is difficult / impossible to guess. Also keep it stored in a password manager with high security and a (different) password to access. +* Don’t be a boomer and forget. Use a password manager, write it down and lock it in a safe. We’re talking about actual assets worth $$$ here. + +## Use ComputerShare + +Like I said earlier. The more and more I learn, the more I am convinced that ComputerShare **is the way**. If **everyone** held some / most / all of their shares with ComputerShare, MOASS would be immediate. The shares would be removed from the DTC, they would no longer be owned by Cede & Co. YOU would be the owner. There would be no lending, no shorting, just real shares. + +If / *when* GameStop issues a non-cash (nft) dividend, anyone holding on ComputerShare will get the dividend **directly** from GameStop. There will be no confusion, no DTC holding things up, no cash equivalents. GameStop knows who you are, they are able to provide you with what you are owed immediately. + +If / *when* GameStop decides that the DTC is incompetent and can no longer handle GameStop share certificates correctly, they may attempt to pull them back to ComputerShare OR their own / new registration system. Either way, as someone who holds through ComputerShare, you are already **free** from the DTC system. You will be the first to move over to the new system, or will already be on ComputerShare. + +**The individual investor’s best way to purchase.** + +Lastly. I just learned this, when you purchase with ComputerShare, the chances are **very good** that your BUY order will be processed in a BATCH. What this means, is that your order will be joined with OTHER buy orders for GameStop for that day. Let’s say 1000 apes are buying 1 share each. The exchange won’t be hit with 1000 individual orders for 1 share, it will be hit with **1 order for 1000 shares**. This absolutely affects the price unlike the odd lots and orders under 100. The orders are larger. They are also market orders, so they EAT UP asks. It is REAL FUCKING BUYING PRESSURE. + +Finally: Dark pools don’t mean shit for ComputerShare. It doesn’t matter if they use IEX, NYSE or any other exchange to buy your shares. In T+2 days your shares are **removed** from the DTC. It doesn’t matter if they were naked shorts or phantom shares, they have pulled real shares from the DTC and given them to you. They are YOURS now and they are GUARENTEED TO BE REAL. + +BOOM. MOASS. + +As always: **This is not financial advice. I cannot directly tell you what to do with your shares. My only recommendation is to research ComputerShare more and let’s all work together to dispel the FUD.** + +TA;DR: ComputerShare rocks. 🚀🚀💎👐 +As a surgical resident at a major city hospital, I suspect the CDC knows everyone is going to get omicron in the next 2-4 weeks. + +*The CDC reduced the recommended quarantine for asymptomatic Covid positive healthcare worker to 5 days REGARDLESS OF A NEW POSITIVE COVID TEST without citing sufficient evidence justifying the move.* The CDC and the AHA just said that doctors should not delay CPR to put on PPE on known COVID patients. Every doctor I know is completely confused why they’d do this. Fuck the healthcare workers I guess + +But if everyone is going to get Covid anyways on the next few weeks, risking additional exposure doesn’t matter. + +If the whole country gets Covid in a 2-3 week span, we are FUCKED. What if there are no essential workers? What if hospitals lose what little staff we have already? + +They want people back at work as soon as possible to minimize what will be the greatest acute labor crisis in history. A busy Walmart nearby closed a whole week for “cleaning”, but it’s likely because too many employees are out with Covid. Groceries, pharmacies, business, critical infrastructure , healthcare, everything is going to get hit HARD and FAST. + +Hospitals are fucking dying right now and the worst is yet to come.. My hospital has been diverting patient to other hospitals, which are also literally all on divert, therefore no one is on divert. We have the physical rooms but not the staff to cover the rooms. If we lose any more staff, dermatologists will start intubating and managing vents (but kind of actually). People will fucking die from lack of medical care. + +Do whatever you need to do to protect your assets or make a lot of 🌈🐻 money in this market. Don’t ask me what to do, my portfolio bleeds almost as much as my patients. + +TLDR: We are going to face the biggest and fastest labor shortage in history in the next 3-4 weeks + +Side note: please don’t go to the hospital if you’re positive unless you’re in a high risk group or are short of breath (edit: or have concerning symptoms). There’s nothing the hospital will do for you healthy young adults except stick you with a $3,000 bill unless you need oxygen. Call your doctor instead, though they’ll probably get Covid as well. + +*reposted to correct title + +Edit: typo, but also to clarify, it doesn’t matter if it’s more mild if people are still out of work for that period. Omicron has a third of the hospitalization rate, but I cannot emphasize enough how infectious this thing is. Look at [these carts](https://imgur.com/a/cbQY4Pn) + +Edit 2: most controversial post on Reddit in the last hour! I want to emphasize that omicron is more mild, but if people are still quarantining with mild symptoms at the same time, there will be a major labor crisis. This argument, along with the CDC’s decision to reduce quarantine to 5 days, technically supports re opening (with reasonable precautions). +No third party intermediaries. In time, any currency can be added. Even fiat is coming (according to their twitter). If you can get a hold of some ETH, the entire currency/token world can be open to you. + +Think about this. On May 25th, we've learned, one of the major EEA members will be issuing an Ethereum token (suppose to be a big dawg, mainstream company). That token will be tradable on PRISM without engaging any third party. The synergy man! It is hard to get your head around. So many crazy examples like this. + +This is going to absolutely huge! Once PRISM goes public, we will see a game changing ecosystem shift. ETH is all you need to have anything else. Think about what that means. Seriously, think about it. If you can get your hands on Ethereum, which is now pretty available, you can secure ANY other currency trustlessly. That means Ethereum can be a base asset now for currency trading/investing. Potentially, any currency. Even fiat. + +**If the flippening doesn't happen before the public release of PRISM (I suspect it will), it WILL happen shortly after.** You have around six months to prepare (their estimated beta period). I suspect ETH will be in pretty high demand post-release. Also, ETH is being locked with PoS, potentially around that time. + +**Seriously folks! Holy shit!!!** +For example I'm in India and I want to fund a business in Canada then, + +* How can I send money there on a daily basis, can I use the Wise (TransferWise) business account or any other business remittance services? + +* Will I get charged more if I'm transferring money daily with a volume around 3 to 4 lakhs INR? + +* Do I need any license or Import Export Code? (I'm not importing or exporting any physical goods.) + +Any other suggestions by you folks is appreciated too. + +Thanks :) +As major indexes continue to rise toward last year’s records, investors say they are increasingly wary of missing further gains + +Optimism about trade talks and the Federal Reserve’s signaled halt to interest-rate increases propelled the S&P 500 to its best quarter since September 2009, even as investors wrestle with issues ranging from slowing global growth to uncertainties surrounding Brexit. As the rally has continued, powering major indexes toward last year’s records, investors say they are increasingly wary of missing out on further gains. + +Stocks quickly stabilized last week after longer-term Treasury yields fell below those on shorter-term debt, a development known as an inverted yield curve that often presages a recession. The shift rattled markets briefly earlier in the month, but the Dow Jones Industrial Average ended the quarter with a 1.7% weekly advance. One reason for the recovery: investors’ wagers that a U.S.-China trade agreement will stabilize the world economy, boosting corporate earnings. + +Ed Leventhal, a 58-year old who manages a family investment office in New York, said he has been buying shares of some companies hurt by trade tensions such as Ford Motor Co. + +“There’s no question we’re going to get some resolution to this,” Mr. Leventhal said. “There’s reason to believe that the U.S. economy will continue to do well.” + +Investors this week expect to monitor trade discussions that could further swing markets, with U.S. and Chinese officials meeting in Washington. Manufacturing data and retail sales figures could also shift expectations for U.S. growth. + +Many are also looking ahead to earnings season, which begins in earnest at the end of next week with reports from JPMorgan Chase & Co. and Wells Fargo & Co. S&P 500 companies are expected to report their first decline in quarterly profits from a year earlier since 2016. + +Despite downbeat earnings projections for the January-March quarter, some investors have already grown increasingly optimistic following the Fed’s cautious shift. After investors pulled money from U.S. stock mutual and exchange-traded funds at the start of the year, more than $25 billion flowed in during the week ended March 13, the largest weekly inflow in a year, according to EPFR Global. + +Investors withdrew money from such funds again during the weeks ended March 20 and 27, but they still increased their allocation to both stock funds and stocks in February, according to an American Association of Individual Investors survey. More than 80% of active traders say it is a good time to invest in U.S. stocks, a Charles Schwab survey found. + +Some analysts say greater investor demand for stocks could join robust corporate buybacks in supporting major indexes. S&P 500 share repurchases in the fourth quarter rose to a record $223 billion, a 63% increase from a year earlier, according to S&P Dow Jones Indices. + +Buybacks make corporate profits appear stronger by lowering the number of shares outstanding, buoying per-share earnings beyond strong profit growth. + +Some analysts remain confident stocks will rise even though the Fed recently lowered its economic growth projections for 2019. In response to the slowdown, the central bank signaled it likely won’t raise interest rates this year. Treasury yields, which fall when bond prices rise, have slumped to their lowest level in 15 months following the Fed statement. + +At the same time, several said growth is slowing but sturdy, and a pause in interest-rate increases could still lift major indexes. + +“There is that fear of missing out, which along with a tempered Fed creates the belief that we’re not going to be retesting those December lows,” said Leslie Thompson, managing principal at Spectrum Management Group. + +Ms. Thompson said she has been buying shares of companies that pay higher dividends such as Darden Restaurants Inc., as well as technology stocks like Apple Inc. + +After another weekly advance, the S&P 500 is up 13% for the year and sits just 3.3% below last September’s all-time high. Some analysts have been caught off guard by the durability of the early-year rally because S&P 500 companies are expected to report a nearly 4% drop in first-quarter earnings from a year earlier, according to FactSet. + +Sectors that have led the market, such as technology, are expected to report double-digit percentage earnings declines. Even cyclical stocks tied to the health of the economy such as industrial and energy shares continue to power markets higher as growth slows, an illustration of the conflicting signals being sent by stock and bond markets. + +Craig Hodges, portfolio manager for Hodges Funds, said he has been buying shares of faster-growing technology companies such as Twilio Inc., in addition to beaten-down materials firms including Commercial Metals Co. + +“To me the backdrop is still pretty good,” Mr. Hodges said. “There have been a lot of excuses for the market to go down and it really hasn’t.” + +With earnings estimates falling even as stocks surge, major indexes have gotten more expensive relative to companies’ earnings for the next 12 months. The price/earnings ratio of the S&P 500 based on profit estimates for the next year, a common valuation measure, just logged its largest one-quarter increase since June 2009, according to a Dow Jones Market Data analysis of figures through Thursday. + +Still, some analysts say current valuations are appropriate following the fourth-quarter selloff and swift recovery. The steady nature of this year’s gains also continues to placate nervous investors. + +The S&P 500 fell more than 1% in a session just three times in the first quarter, minimizing the outsize gyrations that made market observers so anxious late last year. + +“People are trying to get really aggressive now,” said Benjamin Lau, chief investment officer of Apriem Advisors. “Clients do not want to miss out on the upswing in the market…The hard part is keeping their expectations in check.” + + +https://www.wsj.com/articles/fear-of-missing-out-pushes-investors-toward-stocks-11554030001?mod=mhp +Good Afternoon ! + +Welcome to another week of trying to figure out, what GME will do... + +This week I want to go over our final week of futures anomaly theory and what I expect moving forward also some technical analysis of GME and the prevailing market conditions. + +I will live stream a walkthrough of this [DD of this on my YouTube](https://youtu.be/0JJgjOZtdxs) for those of you that don't have the time to read through this, or have visual impairments/reading comprehension issues. Then do a quick Q&A for about 15minutes. It will also be archived for future viewing. This will be on at... + +9:30pm EDT/UTC-4 + +# Part I: Futures Fails Week 2 Analysis + +If you are not already familiar with my Futures Cycle Theory check out these links for additional information. + +[YouTube Playlist](https://www.youtube.com/playlist?list=PLLZAlefVs0gLbEkYf-_6uBnmqCBnkNMpC) + +Reddit Links + +[Breakdown of the whole theory](https://www.reddit.com/r/Superstonk/comments/prmmrt/futures_breakdown_and_forward_looking_ta_for_the/) + +[Extra clarification](https://www.reddit.com/r/Superstonk/comments/q2k41b/futures_explanation_and_jerkin_it_with_gherkinit/) + +So what happened this week to keep me confident that this theory remains in effect and will continue to play out over the coming months? Well not a lot, unfortunately but maybe enough. + +On our second fail date which fell on the 21st I expected to see a fairly strong push to the upside and a decent amount of FTDs needing to be covered at least significantly more than were covered on the previous fail date on October 13th. This didn't happen. + +Here is what happened. + +We started the day off strong with no short pressure or ITM puts that indicate FTDs are covered. + +Slow steady buy pressure driving the price up on low volume. Immediately upon testing 190 shorting began. Steady OTC sell orders all the way down to 181 at which point a sell wall was erected at 185, and 800k volume **(50% of the days total volume)** was traded **in just** **25 minutes** with the price action boxed in by this sell wall in order to keep the price from jumping the ask. + +So while we didn't see the price improvement I was hoping for I think we did see the necessary FTDs covered. + +[10\/21 GME Chart 5m Timescale](https://preview.redd.it/fxrtwp89hgv71.png?width=1600&format=png&auto=webp&s=ddf77fc03a49a49f2682b256f8bf73d99596384f) + +# Part II: Futures Fails Week 3 Expectations + +Not much, honestly I think based on the amount of shorting that occurred on Friday that there FTDs for the remainder of this anomaly are cleared. + +There will still be some FTDs Tuesday on the 26th and gamma exposure, but it looks like we are running closer to last October's anomaly. + +This is what October 2020 looked like. + +[October 2020 Anomaly peak realized on the 2nd fail](https://preview.redd.it/0zkkg5vkrgv71.png?width=1601&format=png&auto=webp&s=9d33b6492c993741f265d42eb9bc09d03c1d6822) + +[October 2021 Anomaly peak also realized on the 2nd fail](https://preview.redd.it/ez8mguntrgv71.png?width=1612&format=png&auto=webp&s=c6e3964b221dee4964fd99be14565f74d8896e22) + +So I did not expect these to track so closely with one another I thought our current price and illiquidity would definitely mean more volatility and potential upside. + +However it does appear that they are done covering, and that tracks with the previous years cycle (I think I know why...more later) and I expect we won't see a lot until the next cycle in January. + +# Part III: Wen Moon? + +Well if this thesis remains true, as I believe it does, this points to the next significant day of price action out on the 23/24 (T+2/3) of November during the settlement for the ETF quarterlies and GME monthlies. + +As seen previously on these days in the past. This also corresponds with the SLD cycles pointed out by u/PWNWTFBBQ and u/Leenixus. + +These overlaps have happened several times in the past and I expect they will continue as they seem unavoidable. + +[ETF Quarterly\/GME Monthly\/SLD Clusterfuck Dates](https://preview.redd.it/alfe5dxftgv71.png?width=1601&format=png&auto=webp&s=e9fd39fc928a0c1e5efa1421cd3e36a5cba3dd23) + +# Part IV: January's Perfect Weather for MOASS + +I found something out this week that I had glanced over in the past and I think I now know what adds that extra edge to January that I missed while looking at this over the last couple months. + +ETF LEAPS Expire Twice within the Futures Window + +[ETF LEAPS expire in Dec\/Jan\/June](https://preview.redd.it/t6ed3ic5vgv71.png?width=1042&format=png&auto=webp&s=b583275845899c5401c58ddbdefbaf436f0abf6e) + +Well...In June these expirations marked GME's only green days in a sea of red from share offerings and ETF rebalances. + +https://preview.redd.it/p2c3d5tqvgv71.png?width=1601&format=png&auto=webp&s=655bb7faf729f5745e1c033f64d87b61d1146683 + +But within the Dec/Jan futures cycle they will expire twice + +[Perfect Storm of Violent Upside Potential](https://preview.redd.it/isv8mazyxgv71.png?width=1598&format=png&auto=webp&s=e306be361f858282ec02c46218a887aeb625e203) + +I currently think January is the **highest probability window for a short squeeze**. + +&#x200B; + +* November kicks off the cycle with ETF/GME/SLD action +* Futures are rolled or failed (likely, Variance Swaps thanks to u/mauerastronaut and u/Zinko83) +* Without a share offering or ETF rebalance I expect FTD count to be higher +* More time for shares to be DRS'd increasing baseline FTDs +* ETF LEAPS expire in December propping up price action during a normally downward trending period. +* T+35 FTD windows continue to prop up price action moving into the GME + ETF LEAP expiration at the End of January + +&#x200B; + +* **This period represents exposure to GME from every angle ETFs, SLD, Futures/Swaps, Options(monthly, quarterly, and LEAPS), massive exposure for MM's and AP's, and due to rising prices also on** **any active short positions.** + +&#x200B; + +* It all happens over the course of 44 trading days, meaning there is little time for the to drive the price down before getting hammered again. +* It starts T+35 from October 21st...in 22 trading days + +This is likely the reason January of last year was so much more pronounced vs. the subsequent run ups. + +It is also the reason it is likely this year will be as well. + +[ The driving force behind these futures cycles ](https://preview.redd.it/5bvxv6ua8hv71.png?width=1628&format=png&auto=webp&s=25160ff222a61eb90501336191aab1b608d3e0fb) + +**TLDR;** + +**READ THIS WHOLE THING AGAIN BECAUSE IT'S BULLISH AF** + +# Part V: Technical Analysis + +It appears that GME has realized a small bounce on the lower support as of Friday. + +I expect we can move up to the top trend of that wedge due to gamma exposure (T+2) Tuesday. If we break above it that could be interesting... The rest of the week I expect an adherence to max pain, which I will update daily. + +The next 22 trading days look pretty uneventful currently so I will be leaving out our usual tracking of oscillators until some significant price action is expected. + +[Current long-term trend analysis for GME ](https://preview.redd.it/hdzvjfj65hv71.png?width=2456&format=png&auto=webp&s=49cb1dcf427122bff8deb70c613ce618f30cb960) + +# Part VI: The Market + +The market has roared back over the last couple weeks. SPY is breaking back above 450 and looking like it's going to continue moving out of tit's current accumulation and regain it's previous long-term trend. Regardless of inflation, fears in the Chinese markets, tapering, debt ceiling, and employment issues. + +https://preview.redd.it/kpel2rjm6hv71.png?width=640&format=png&auto=webp&s=f2ac8aadb58c692e84e735b09a838e3b2c812ba7 + +&#x200B; + +[SPY on the 1D](https://preview.redd.it/7m66l6rs6hv71.png?width=1603&format=png&auto=webp&s=9857e1bc0893010f083e2d54a82137b47c341fd4) + +Oh and the Schiller Index up of course... bubble here we come + +[Shiller up .62 over last week](https://preview.redd.it/1x7xaazx6hv71.png?width=930&format=png&auto=webp&s=459abac59e36f23c84d2103ffa30e4a73d658b00) + +# Part VII: Conclusion + +I'm not expecting a lot of action on GME over the next 5 weeks I will continue to track intraday price movement over on my stream but it looks like FTDs for this portion of the Cycle have been resolved. We can expect some gamma exposure Tuesday and possible price improvement, due to the massive shorting that went on last Friday. + +The market looks good for the moment and GME will need the support of a stable market for the next couple weeks Ideally holding at least that low support of 162.50. For those of you looking for a dip to pick up more shares the average GME holders cost basis is somewhere between 162.50 and 196, so any price in that range is good. If we break down below 162.50 that's actually a fire sale. + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days + +or check out the [Discord](https://discord.gg/BGmjnrvHnw) for more stuff with fellow apes + +**As always thanks for following along.** + +🦍❤️ + +\- Gherkinit + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Hey guys. Ive been into BTC for nearly 2 years now. The longer time carries on, the farther down the rabbit hole I go. + +Typically, I have been DCA'ing every pay day up until a week ago. I have always thrown whatever extra change and money I have laying around into it. I no longer buy stocks as it always feels too much like a gamble. I can never just be happy holding stocks. It was like chasing a high finding the next 'money maker.' The banks must have loved me and all the stupid fee's Id pay buying and selling as I carry on the chase. + +But then Bitcoin entered my life. And life became easier. Stocks became meaningless. A Maxi I became. No more stocks. Savings being placed entirely into the soundest money of all time: Bitcoin. + +Fast forward to January. My father has a fatal, and extremely rare stroke; a Cerebellar Stroke. You would never have seen it coming. Not your typical stroke symptoms. 2 weeks later after a battle in ICU he passed. He didn't leave much. He was a free spirit. Retired early, and lived and travelled in a van. My step-mom, who he divorced a decade ago, kept paying his life insurance that he neglected to pay. + +So with many thanks to my step-mother, I received inheritance. + +First thing I did, I paid off debts. Helped the wife pay down a lot of debt. Upgraded the house.... slightly. Nothing too major. + +Im keeping a bit of fiat in savings. Sadly, letting it get eaten away from inflation. + +The rest, I dedicated to buying up the remainder of what I need of a whole BTC. Total cost roughly, $35,000 USD. + +Enter: The Royal Bank of Canada. Canada's biggest bank. A bank of which I have been with for many a year. I have savings accounts with them. I have a larger LOC with them. I used to use their investment services. + +Banks are not your friends. I am aware of this. + +But, honestly, its 2022. The banking system is stuck in the 1980's. + +This past Monday, March 21st, I went to the bank to wire the $35K to NDAX, a leading Canadian Crypto Exchange (0.2% buy fee, $15 transfer out fee). Did the paperwork, confirmed the info, and boom, done. Later, the advisor from the bank called to ask me some questions from the Anti-Money Laundering department. Cool, a couple verification questions. I answered honestly. Advisor said "great, expect to receive the wire tomorrow." + +Tuesday, nothing received. This is a domestic wire transfer. Should take a day, tops. + +Wednesday, March 23rd, Im in the bank again. Branch manager tells me the wire was flagged as "too risky." You cannot imagine the disbelief in me. The bank was deeming what I was doing with my money as "too risky." As if they had some control over what I choose to do with my money. Its sad enough its 2022, and there isn't an easier way to send $35K, which honestly isn't even that much damn money in todays age. + +After raising a stink, and showing the branch manager my Bitcoin tattoo, I informed him I was "WELL AWARE OF THE RISKS." I also had to mention that its risky leaving my savings in a bank that has a less than 1% interest rate in their savings accounts. I was asked to show proof that I have dealt with NDAX before. I was asked if anyone told me Id make a fortune buying BTC? Standard money-laundering questions. Check-Check-Check. Passed the test, AGAIN. + +Manager put a word in with Wire Transfer department, and the money was finally taken from my account. + +Thursday rolls around now. Still, nothing. Nothing at all. Money, stuck in limbo somewhere. In some sort of electronic bank cloud. + +Today. Friday. Guess where I am again for a 3rd time? The fucking bank. More times in 1 week than in 2 years. Remember everyone... its 2022. Nope, sorry, I cannot call them because when it comes to wires I have to physically enter the branch I sent the wire from. + +This time I get branch manager involved, a co-manager involved, and of course an advisor. All looking into this shit for me. Im livid. Its Friday. The original wire was supposed to be sent Monday. Tomorrow is a weekend. WTF?!? + +Turns out, under money-laundering investigation, AGAIN. More questions asked. Anyone put you up to this? Have you used NDAX before? How did you hear about them? Are you going to do business with them again? Blah blah blah. I passed again. I was told then to await an email or a phone call when this has all been settled. 2 hours pass. I email the branch manager, livid. Nothing still. + +Then, around 3PM, I was told the money was released. + +Guess I have to wait the weekend to receive it on Monday. Those fuckers at the bank! + +But no! As soon as NDAX received it into their processing, I received the wire transfer! 530PM Pacific time! Last minute. + +Of course everyone will say 'HEY! DCA that shit!" I get it. I DCA'd for so long that it was just nice to cop what I needed and throw it into Cold Storage. The few dollars Id save DCA'ing mean nothing to me in 10 years. Its nice to just have a solid 1/21,000,000, and to take it off the market. + +But that's not the total point of this at all. We need to all be happy for each other for any amount of BTC we have at any cost we got it. This is the future. This is the sound choice. + +The point is this tho: + +Banks are not your friends. Banks consider you GUILTY UNTIL PROVEN INNOCENT when wiring any sort of money. + +And this my friends.... is why we Bitcoin. + +Peace and Love Bitcoin Community. +Guten Tag to all of you Great Apes across the world! 👋🦍 + +Thank you to everyone who joined us on July 5th to watch the German market while the US markets were closed! It's amazing to read through the comments and experience the positive energy that people bring to this community. Thank you to the mods of r/Superstonk for their endless work in fostering such a vibrant community! + +Since the US market will reopen today, this thread will be back to the usual first two hours before US pre-market. I received some helpful information about where to get live data from a higher volume exchange, so I'm going to be using a different data source for today's Diamantenhände (now with volume!). Today is July 6th, and you know what that means! Join apes around the world to watch low-frequency updates from a single German exchange! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: $205.99 / 173,72 € *(volume: 648)* +- 🟥 115 minutes in: $205.99 / 173,72 € *(volume: 647)* +- 🟩 110 minutes in: $205.99 / 173,72 € *(volume: 641)* +- 🟩 105 minutes in: $205.98 / 173,72 € *(volume: 637)* +- 🟩 100 minutes in: $205.98 / 173,72 € *(volume: 636)* +- 🟩 95 minutes in: $205.97 / 173,70 € *(volume: 622)* +- 🟩 90 minutes in: $205.96 / 173,69 € *(volume: 614)* +- ⬜ 85 minutes in: $205.93 / 173,67 € *(volume: 559)* +- 🟩 80 minutes in: $205.93 / 173,67 € *(volume: 559)* +- 🟥 75 minutes in: $205.90 / 173,65 € *(volume: 538)* +- ⬜ 70 minutes in: $206.25 / 173,94 € *(volume: 360)* +- 🟥 65 minutes in: $206.25 / 173,94 € *(volume: 360)* +- 🟥 60 minutes in: $206.35 / 174,03 € *(volume: 254)* +- 🟩 55 minutes in: $206.46 / 174,12 € *(volume: 202)* +- 🟥 50 minutes in: $206.43 / 174,10 € *(volume: 189)* +- 🟩 45 minutes in: $206.70 / 174,32 € *(volume: 145)* +- 🟩 40 minutes in: $206.70 / 174,32 € *(volume: 144)* +- 🟥 35 minutes in: $206.68 / 174,30 € *(volume: 124)* +- 🟩 30 minutes in: $206.74 / 174,35 € *(volume: 119)* +- ⬜ 25 minutes in: $206.73 / 174,35 € *(volume: 113)* +- 🟩 20 minutes in: $206.73 / 174,35 € *(volume: 113)* +- 🟩 15 minutes in: $206.70 / 174,32 € *(volume: 92)* +- 🟩 10 minutes in: $206.64 / 174,27 € *(volume: 54)* +- 🟩 5 minutes in: $206.62 / 174,25 € *(volume: 51)* +- 🟥 US close price: $202.83 / 171,06 € *($202.83 / 171,06 € after-hours)* + + +*** +FAQ: To generate this data, I'm capturing current price and volume from https://www.tradegate.de/orderbuch.php?isin=US36467W1099 and converting to USD. Today's EUR -> USD conversion ratio is 1.18574732. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Over a week ago, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the originator of the series. I've been serving as guest-host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hello all. I’m 29M, despite growing poor I settled in a finance job right after school and became a partner at that firm not a long time ago. Things are good financially, I already hit $5 mm NW and I get $500k in compensation + $1 mm in dividends a year from my partnership stake. + +Up until about 6 months ago, I wouldn’t have entertained a thought of retiring. I’m a workaholic, and a lot of my life is centered around work… likely to the expense of personal life. I used to love my work, but after a promotion to a managerial position, I catch myself dreading from all the administrative busy-work. + +Working in finance, I am struggling with the meaning of it all as well. Finance is a zero-sum game, so it is hard to get the sense of self-fulfillment, despite achieving milestones relative to others in the industry. + +I do struggle with a fear of living a busy life, but regretting in my deathbed not having contributed anything meaningful to the world. + +So far, the options I have explored to solve this are: +1) keep on with the job; FIRE is not going to help with the existential dread anyways. The opportunity cost of leaving is too high given pay + +2) ask to be demoted to a lower position; there’s no admin load, I do what I love, but there’s still existential dread. There’s a reputation damage and probably some lower income, but dividends are intact + +3a) retire; manage my own investments (so far I wasn’t allowed to have a PA due to potential conflicts of interest) and hopefully in 1-2 years get new clients of your own, effectively opening a hedge fund + +3b) retire; manage own money but also start a business on the side that will be positive-sum. I have a few ideas (and one big one) but they are all, as with startups, unproven and risky. There’s risk of burning through a portion of NW with nothing to show for it + +3c) raise a search fund, buy a small business in a positive sum industry, run and grow it. + +Do you think I have enough savings to retire? What are your opinions on the options? Do you have any other options you’d consider seriously? +Hey + +I've been looking at buying another used car and was having a discussion with my flatmates about how much debt the average car has on it so thought I'd see if anyone on this subreddit knows or works in that industry so knows where to look to find out? + + +I asked around the office and even most used car purchasers seem to be funding it through debt (not talking about pre tax novated lease as a way of freeing up cash to invest at a higher rate of return, only pure post tax debt financing) +I don't really have any particularly interesting methods to share, just the tried and true stuff you've seen on here a million times. I will share none the less, because it never hurts to hear good advice more than once! Also, I think getting everyone's unique perspective on the situation can be interesting. And who doesn't like a feel good story? Right? + +So to start with, some background about us. I'm 30, she's 27, and we've been together for over 12 years, married for 3. We started dating in High School! So I guess based on that fun fact alone we're already beating the odds. All of the student loans were hers. When I went to college I was in a bad place in my life, struggling with depression, living with an alcoholic father after an insanely long and bitter divorce of my parents, and generally feeling unmotivated to do anything. So... I didn't, and my grades in college were proof of that. I was put on academic probation after my first semester. My grades didn't improve in my second semester, and I was asked to take a semester off. I just never went back. This was probably the lowest point of my life. + +Luckily for me, the only thing I was ever truly passionate about was computers, and I had taken up programming as a hobby in my spare time which would ultimately become my career. I guess when you're depressed it's easy to hide in the basement playing on the computer all day every day. Shortly after dropping out of college a very lucky series of events occurred. One of my dad's good friends who just happened to be in charge of hiring software developers for a small business gave me an opportunity to come in and interview for a full-time software developer position. So in I went, barely 20 years old, with my only experience being working for a grocery store, fresh from dropping out of college. The interview was a bit awkward to say the least. But... just kidding. No but. They didn't hire me. I was told they hired some hot-shot self-starter with tons of experience instead who was going to hit the ground running and that sounded more appealing than training me as the greenest programmer in the world I suppose. Needless to say I was pretty bummed about this, but (here's the *real* but) if memory serves me, I believe it was no more than about 6 weeks later that I got a call back from the company. They told me that the other guy wasn't working out, he was a bad fit culturally and wound up not being as much of a self-starter as advertised. Point is, he was out, and I was given the opportunity -- literally -- of a lifetime. + +I think I received that call on a Friday, and started the next Monday... at $12 per hour. Oh yeah, you read that right. This isn't one of those "I'm a software engineer making $180k straight out of college" stories. I grinded this career out to get to where I am now 10 years later, and I'm not exactly the highest paid software engineer even today. I developed a work ethic almost immediately and made a point to always be the nicest guy in the office having heard all the things everybody said about the previous hire. Doing the work was easy since I was naturally interested in programming and had been doing it for fun. That company treated me extremely well. I worked there for 9 years, and only quit about a year ago. When I quit I was making $19/hr, but was making *substantial* profit sharing bonus every year in the range of $20k+. Leaving was one of the hardest decisions of my life because they treated me so well personally and the office culture was so great, but the finances just didn't work out. I had more than earned a fair market value with my years of service, and $19/hr wasn't cutting it, even with the massive profit sharing bonuses. Those bonuses were actually one of the primary motivations for me to leave, because having a bonus sounds nice, but when your bonus comes on a monthly basis and represents ~35% of your take-home pay, it stops feeling like a bonus and starts feeling like a necessity. When the company finally stopped growing and I saw my pay checks dwindle, I knew it was time to go searching for a more fair market value, and I found one. So now I have a stable salary of $72k instead of an incredibly volatile salary of anywhere from $40k-$65k depending on the year, and I feel like I have plenty of room to grow. I should mention I live in Nebraska, so money goes a long way here. $72k is above the curve in general. + +My wife's story is basically the polar opposite of mine, so this is going to be short. She has a loving family that are all the nicest most supportive people ever, and she is an absolutely phenomenal student who was always a hard worker with perfect grades. She earned her undergraduate degree in Psychology, and attended graduate school where she earned an Educational Specialist degree, which apparently is slightly more school than a Masters degree, but not as much as a PHD. She just started her career 2 years ago working as a School Psychologist for the local school district here earning about $48k. She worked through school before that doing various jobs like waiting tables and fast food. So until she started her career job, we basically lived on my income. + +So the finances as of today are that we have a combined income (gross) of $120k, and we live in the Midwest where it's cheap to live. So it hasn't exactly been difficult to destroy this pile of student loans as quickly as we did. + +One big aspect that helped us tremendously is that we've always been a team. I've always earned significantly more than she did, meanwhile all $93k of those student loans were in her name, but this has never for a second been a point of contention for us. We've always been on the same team, and we both are very naturally frugal. + +We of course set a budget, and stuck to it. We cook all our own meals and rarely eat out. We cut the cable 6+ years ago and have been paying only for internet. Both of us have reasonable cars that we paid cash for with no car payments. We both have cheap hobbies, and are in general just allergic to spending money. We joke about how silly it is for us to "go shopping" because usually what happens is we'll be bored on a weekend and head to the store knowing that we want to buy something. Then we'll get to the store and scoff at the price tags, and resolve to go home and buy it on Amazon instead. Then we'll sleep on it, and never buy it. + +Oh yeah, and not having kids of course has helped. Probably should have mentioned that earlier. + +I've been contributing to a retirement account since I started my career at age 20 and my wife did the same just a few years ago. I'm almost to 6 figures in my retirement! + +When she graduated there was immense pressure from friends and family to just rush into buying a house. This was before I got my new job with a more stable salary, but we made the choice to eliminate all the debt first, especially with all the uncertainty with my job. + +We've paid Navient apparently ~$5k per month for 18 months. It hurt. But it's done. [Here is my favorite screenshot ever](http://i.imgur.com/WyeQKe4.png) + +It feels great to be debt free! Now we're hoping to put that same saving power towards a down payment on a house when our lease is up in ~10 months. And with our new found purchasing power thanks to not having debt, we'll be able to afford any house we could possibly imagine. But of course, we're still going to pick something that's well below our means. Here in Nebraska the most extravagant house I could possibly imagine living in would be in the ~$350k range, so we're shooting for no more than $250k instead. + +If you have any other questions, ask away. I'm sure I skipped something. + +**edit** more budget and income details provided [in this comment](https://www.reddit.com/r/personalfinance/comments/6nxlw6/slug/dkdjhwh) + + +**tl;dr:** + +* Get lucky +* Become a software engineer +* Marry an awesome lady +* Dual income, no kids +* Never spend any money +* ??? +* [Profit](http://i.imgur.com/WyeQKe4.png) +Can marketing strategies create moats? + +I'm lucky enough that from time to time I get a chance to interview small business owners, founders of startups and other investors. Recently, I got a chance to interview a small coffee shop owner whose coffee shop is known so well globally that people from all around the world come to see it. Usually, an indication of a strong brand moat is when SG&A costs is declining but sales are increasing. This is exactly what I saw with this small coffee shop and I wondered how that was possible given the ever-increasing competition in the area. Turns out he uses an outrage marketing strategy similar to that of Ryanair, Paddy Power, and Barstool Sports. One of his campaigns managed to achieve 2 billion impressions and he didn't pay a penny. I won't go in-depth into the strategy here cause it's just not the forum for it but when you understand the nuances of the strategy it's very hard for other coffee shops such as Starbucks to compete with it because it would require them to make a radical change in their marketing narrative. It's almost a strategy that would need to be embedded from inception + +Thought it was interesting and perhaps something to keep an eye out for when investing although I'd say it's a rarity, thought I'd share the story with you. + +[https://open.spotify.com/episode/79SAA3zClKqPxxkD890mSC?si=bed59d4def67467e](https://open.spotify.com/episode/79SAA3zClKqPxxkD890mSC?si=bed59d4def67467e) +I feel like I've been screwed here. I work for a pretty large firm that's based in a few cities and have been here for 3 years. I am an analyst in a very niche field so it wouldn't be hard to go elsewhere but I love this company and also I don't have a degree yet which limits my options. I get paid 40k a year. + + My team first started off with 10 people, overtime they left to other teams and my managers never replaced them and just trained the remaining employees on how to take on the workload. Well more people have left and now it's just me doing the work of 10 freaking people. My company is huge so I have a substantial amount of work! I feel extremely pressured and unhappy, like they're taking advantage of me. I talked to my supervisor and he asked me what I felt like he should do and I asked for a raise. I'm severely underpaid compared to other analyst in other companies and I would like to match them. He said he will pitch it to the higher ups, but he kind made me feel like I'm being silly/dramatic for even asking. + +Are they screwing me over? If I don't get the raise should I just leave? What are my options here? +Title sums up my rant. + +Starting next week, I will be refinancing my home too pay off all the debt I’ve incurred over the last year and selling my car. The substantial remainder of funds from these transactions will go straight to $GME shares, no matter what the price is, and I will DRS 100%. I will continue to buy on a bi-weekly basis through Computershare. + +I will confidently and faithfully leave the ball in the capable hands of Ryan, Matt, and the exceptional top tier leadership guiding our beloved GameStop. Once they secure control of the ball in their court, may they represent the 76.49M shares owned and directly registered to their rightful owners in the best interest of the company and its shareholders and slam dunk that shit. + +I believe in Web 3.0 and I have invested in a company that shows a promising and equally vested interest in its fruitful future. As an early adopter and a long investor, I don’t have to worry about what is going on now because I’m interested in what will be happening 10 years from now after I have backed this company through its transition into the future. + +I love this community and love my fellow apes no matter your preference in stock. I implore you to directly register your shares if you feel as confident in the leadership as I do. This is the only way the leadership can protect you as a bonafide shareholder and fight in your best interest. The leadership is obligated to act in the best interest of the company and its shareholders and it behooves you to be named as the shareholder as opposed to your broker, for the interest of your broker does not reflect your own. + +Thank you all for the memes and unforgettable moments. Thank you all you exceptionally wrinkle brained apes for all the amazing DD that led me here. Thank you u/deepfuckingvalue for being an inspiration to us all, staring directly in the face of the opposition in the name of apes everywhere without so much as stuttering, slapping them all in the face with the double down of the century, and most of all, for opening the door to the greatest opportunity of a lifetime. The opportunity to change the world…one brick at a time. + +- kenendrem + +Edit 1: A special thanks goes out to our silverbacks fighting the good fight like Lauer and Trimbath. Didn't get a mention in the main body, but I certainly appreciate everything you do. That goes to everyone else fighting to expose the ugly sides of this market and standing for change. +At some point I'm going to start investing in real estate - whether that be 6 months from now or sooner, I really wanted to understand the numbers behind what makes RE a powerful investing tool and how it affects my bottom line over 30 years. + +I know there are already online tools and pre-created spreadsheets but I thought one of the best ways to learn about real estate investing on a deeper level was to create this myself. Not only would it force me to learn formulas and the math behind RE, but is also something I can use in the future. + +I'm fairly satisfied with how it looks at the moment, but I thought I would post it on Reddit and see what some of you thought - maybe I'm missing something numbers-wise or maybe my analysis is wrong in some area. + +I filled in an example property to illustrate what the sheet does/keeps track of. + +I created 3 base sheets: + +1. Property Analysis +2. Growth Projections +3. Mortgage Amortization + +[https://imgur.com/a/0GbWyX1](https://imgur.com/a/0GbWyX1) + +**Property Analysis** + +This sets the pace for the rest of the sheets. After filling in the address, you have 4 main boxes that you assign values to before continuing. The estimated purchase price, estimated reno expense, ARV (after reno value), and lastly a checkbox to select whether you're leveraging or buying outright with cash. + +Once the first 4 boxes are filled under "Assets", mortgage information (if applicable) should be filled. Standard loan information such as interest rate, NP (number of periods, dropdown select from 30-year to 15-year), and date initiated are adjustable here. + +The next area in this sheet and the last is "Expenses" - this is pretty self-explanatory. Insert estimated taxes, insurance, HOA, etc. I have some side notes here for personal reference/reminders. + +Once these boxes are filled in the rest of the workbook comes together and presents an analysis on the property that you're prospecting. + +**Growth Projections** + +This will use my state-wide average housing market growth rate and rental market growth rate, I have these set specifically for the area I'm looking in but they can be changed easily to accommodate any location. + +There's an automated 35-Year snapshot that takes into account compound interest and estimates how your investment could affect your net worth (assuming steady/conservative growth) in 5, 15, and 35-year time slots. + +**Mortgage Amortization** + +This is just a basic amortization schedule that automatically creates itself based on the "Property Analysis" spreadsheet. Before buying the home, this gives a closely accurate payment schedule for the period of the loan. This is factored into the Net Worth section of the "Growth Projections" sheet. + +I definitely feel more confident about investing in real estate after building something like this - I may change up the formatting of "Property Analysis" so it makes more sense especially in terms of scaling, but overall I'm pleased with what I have so far. + +Just thought I would post it here and get some feedback, I'm definitely open to suggestions. + +\---------------------- + +Upon request, I've made a shareable link for the spreadsheet! + +[https://docs.google.com/spreadsheets/d/1tGdk-LrSZnVja3CnIjf5FezCdIUrb-2J16-4SWwF5ys/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1tGdk-LrSZnVja3CnIjf5FezCdIUrb-2J16-4SWwF5ys/edit?usp=sharing) + +It's recommended that you make a copy of this sheet (File>Make a Copy) and keep for your own personal edits. + +I've made some adjustments here based on your advice - such as a "variable savings" button that uses the saving rates u/ogprichard mentions in his post. I've also included closing costs here with a variable you can change. There were some other fixes I made including some minor details with the expense formula and accurate period allocation for both 30-year and 15-year within the 35-year snapshot sheet. Happy number crunching! +I love you man. Your written testimony is spot-on and I truly wish you the best in everything. You certainly have a number of people around the world who appreciate who you are, and I think you are the best of us. I could not think of a better representation of the good in this world, let alone this retarded ban of apes on Reddit. + +The internet is a wild place. Any one of us retards could have hit the lotto by randomly buying leaps in some meme stock then proceeding to act like a sevant even though it would have been just dumb luck. + +But you were different. You did your homework for years, learning about the market and understanding what your strategy would be, all while taking care of your family and no doubt just being an all-around good dude through some incredibly difficult times since 08’. I was amazed to find you when I saw your analysis of GameStop about a month ago. Sincere, funny, and most importantly, incredibly sharp. You earned every single penny of your gains through years of honing your analysis skills to find DeeeeeeeepFuckingValue. + +I just wanted to say thank you. + +Positions: +Gme to the 🌙 +I like the stock and I like DeepFuckingValue +Hi all, I'm sure this is a regular sort of 'time vs money' question though wanted to reach out to the community and get your take on my position and what you might do if you were in a similar situation. + +My current net worth is $4.65m (AUD). I work full time in self-employed business with other business partners. We have the opportunity to extend our government contract by 5 years (in the hospitality industry - cafe & catering) of which I can expect yearly income of around $150,000, so all up the contract would be worth roughly $750k profit to each business partner over 5 years. We currently have similar contract in another location where income is much higher at roughly $350k per person per year, with 18 months left on that contract. + +Operating the business with the 5 year extension would not be overly time consuming for myself, though would add stress and a time commitment to my life (e.g. I wouldn't be able to travel as much, or very rarely, which I love). Some of the added stress points would be: dealing with staffing issues, staffing insurance issues, complaints, contract management and actually finding the right staff to do the job. I would be doing most of the work (out of my partners) to set it up with the right staff and right processes, with one particularly difficult partner to work with. Importantly to note it would tie me into the contract for 5 years - it's not something that can be sold, nor would my business partners purchase my share, I'd have to give it up if I were to leave sooner. I'm in an awkward position where I'm having to do most of this work in the business though have to split the income equally among partners - it's a tricky situation too hard to explain here. So, I've started to think, 'what's the point?'. Is $750k over 5 years going to make a substantial difference to my life post retirement, or am I being ridiculous to give up such an opportunity? With my 4% SWR it means the possibility of giving up an additional $30k/year to spend in retirement in exchange for 5 years of my life now. + +I'm currently 34 so would be 39 by the time the contract finishes. My partner is 31. Our SWR more than covers our *current* living expenses of around $80k per year. Once retired, in either 18 months or 5 years with this new contract, we'd like to travel overseas regularly (business class, nice hotels etc.) and I'm unsure how much this would cost really and if we could afford it with our current NW. I've never travelled long term for more than 4-5 weeks at a time. + +This is not an industry which I can retire from and come back to years later - once you're out, you're out. It would take years of work to get anywhere near this position of earning potential again. + +TL/DR: I'll have $5m NW in 18 months, a possible retirement date. Alternatively, I have the option to extend a business contract for 5 years which will roughly provide an additional $150k/year, or $750k total, to my NW before retirement. What would you do? +🟣🟣🟣🟣��🟣🟣🟣🟣🟣🟣🟣 + +Cash payment in lieu of an NFT is a DEAL BREAKER. If you have the shares then you'll get the proper number of NFT's to distribute. The ONLY reason to be mentioning cash payout is if you don't really have our shares. + +BYE FIDELITY + +Edit for character count: Fuck the Hedgies, Fuck the Brokerages, Fuck the DTCC, Fuck the SEC. Gary Gensler is impotent and looks like Nosferatu in a suit. Change my mind. + + +🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣 +I've just received my first payslip from my company. I'm on a lot more money but the deductions seem huge! + +Basic Pay: 5000.00 + +Income Tax: 1083.66 + +National Insurance: 418.26 + +Pension: 250.00 + +Student Loan: 278.00 + +Total Deductions: 2029.92 + +Net Pay: 2970.08 + +That seems like awful lot of tax. Is this all seeming correct? My tax code is showing as 563L, because I have had previous jobs this year. +This is the second day in a row Robinhood has been down for over 15 minutes right as the market opens. I'm not a day trader or anything, so this doesn't affect me as much as other people, but it's still incredibly frustrating. + +What're some brokerages I might want to think about switching to, preferably ones that would cover the stock transfer fee? Thanks y'all, happy holidays + +Edit 1: Ofc commission-free trading, and fractional shares would be a plus +Just left my local Aldi. Picked up chicken ($2.00/off per package), ground beef (same) and milk (50% off). The chicken and beef are going in the freezer, and the milk will be used before its expiration date on the 28th. + +If you have time and a little $$$, today is a good day to stretch your grocery budget. + +Pro tip: if you can time your trip for about 60 min before the store closes today you may find additional discounts. +There have been a ton of questions on here recently about improving a credit score. Understandably, people get frustrated since it seems like there isn't much you can do in order to fix it. I wrote this up yesterday but I think it got caught in the sub's filter. + +Seeing the #1 post on here today, I'm going to write a guide to identity theft as well. + +**Finding Your Credit Score** + +Unlike your credit report, credit bureaus are not obligated to tell you what your credit score is once a year. It helps to get a frame of reference to start from when you’re trying to repair your credit which is why I’d recommend using either [Credit Karma](http://www.doctorofcredit.com/credit-monitoring-services/creditkarma-com-review/) or [Credit Sesame](http://financeography.com/credit-sesame-review/) to find your credit score, otherwise known as your VantageScore. This is what most credit card companies and other lenders will use in determining your creditworthiness. You can also pay for a $1 trial at any of the 3 major credit bureau websites (Equifax, Transunion and Experian) but it only lasts 7 days and they automatically rebill you between $20-$30 a month after the seven days are up. + +At the same time, I’d also suggest getting your credit reports from [AnnualCreditReport.com.](http://annualcreditreport.com) This is the website the three major bureaus use to satisfy their annual credit report requirements to consumers. If you’re trying to work on your credit score, I’d suggest drawing all three reports at once since they look different for about 90% of people who have used credit in the past. You’ll be able to to get updated credit reports in the future before the year is up, which I will touch on a bit lower. + +Once you have your scores and credit reports in hand, it should be fairly easy to see what’s hurting your credit score. High balances on credit cards, collection accounts, charged-off accounts, settled accounts, etc. + +**Paying Down Credit Card/HELOC Balances** + +This is probably the easiest way to raise your credit score since credit utilization is one of the biggest factors that go into determining what kind of score you have. People who might lend to you would much rather see you using $50 of a $1000 credit line (5% utilization) as opposed to $950 (95% utilization). [Getting your utilization down](http://www.bankrate.com/finance/home-equity/heloc-like-credit-card-account.aspx) under 10% is ideal and your credit score will reflect it within a month. It is not uncommon to see a credit score rise 40 points or more just from paying down a credit card. + +**Credit Report Investigations** + +Making the credit reporting bureaus investigate items on your credit report is something they are required to do by law. Take note of everything that looks bad on your reports **with the exception of accounts that are one or two months late right now**. Give your creditor a call on accounts that are just a month or two late, ask them to waive the late payment/fee that is associated with the late payment and many times the late mark will come off of your credit report, or prevent it from going on in the first place. + +You’re going to be [writing three letters](http://www.myfico.com/crediteducation/rights/sample-credit-report-dispute-letter-of-explanation.aspx) - one to each of the credit reporting bureaus. In the letters, start off with your name/address/DOB and a sentence that basically says “My credit report file number is (enter the file number of your report here) + +“I request an investigation into the following accounts confirming the accuracy of all reported data:” + +You’ll then list the creditor name and your account number (or the last few digits, whatever the report shows) for every account with negative information in it. + +Sign/date it and ship it to the credit bureaus, here are the addresses you’ll need: + +Equifax +P.O. Box 740256 +Atlanta, GA 30374 + +Transunion +Consumer Dispute Center +P.O. Box 2000 +Chester, PA 19016 + +Experian +P.O. Box 4500 +Allen, TX 75013 + +Be sure to send these via certified mail in order to receive a tracking number. The bureaus will have 30 days to complete their investigation starting the business day after they receive your letter. + +It’s also possible to dispute accounts online but for credit repair purposes you don’t want everything to be completely automated. A human may never see or touch your data if you file the disputes online, causing everything to be done automatically just from accessing databases. The creditor is supposed to actually conduct an investigation but it can be hard to prove whether they did or did not. Getting your letter into the hands of a human adds another step for the bureaus and your creditors to follow which can increase the chances that the negative information will fall off of your report. + +After 30 days, you should be informed by the bureau what the investigation found. If there was an error, it will most likely be corrected. If they don’t hear anything back from the creditor, the account should come off of your credit report. No matter what, you will be entitled to see an updated copy of your credit report, even if you’ve already used your free copy from AnnualCreditReport.com. + +While a removal due to an investigation or lack thereof may remove an account, there is always a chance that it might be placed back on there in the future. + +**Removing Collections Accounts** + +Collections accounts are placed on your credit report by agents acting on behalf of creditors. Debt collectors, especially shady ones, might try just throwing an account onto your credit report and hoping that you pay it off. This is referred to as “parking” a debt, which isn’t necessarily illegal, but in many cases a debt collector does not follow the law when doing this. + +The [FDCPA](https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-debt-collection-practices-act-text) and [FCRA](https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-credit-reporting-act) come into play when trying to remove a collections account. There are a laundry list of rules that debt collectors have to abide by to legally come after you for money but the one many of them fail to follow involves giving you required written notices. + +Debt collectors can call you before writing you but they are required to send you a letter detailing your debt within 5 days of first contact with you. If they fail to do that, it’s an FDCPA violation, same goes for failing to tell you that they are going to report negative information to a credit reporting agency regarding your account. Catching them doing this can almost always result in an offer to pull the account from your credit and possibly wipe out your debt depending on what you owe. You might need to talk to a consumer attorney about this however, but most should readily take you as a client since they get to charge their fees separately, which can quickly climb into the thousands. + +If you’re learning about a collection account for the first time from a letter in the mail, you need to send them a [debt validation letter](http://financeography.com/why-debt-validation-is-so-important/) to make sure that your right to dispute the debt stays intact. Even if you receive the letter a long time ago, you can still send the validation letter to get them to acknowledge the facts about the debt. A surprise collections account on your credit report, assuming it wasn’t added in the last few days, is almost always going to result in an [FCRA violation](http://www.nolo.com/legal-encyclopedia/most-common-violations-the-fcra.html) for failing to tell you they are giving negative information about you and your account to a credit reporting agency. + +Collection accounts stemming from a credit card company and some auto loans may be eligible for [binding arbitration](http://financeography.com/consumer-arbitration-can-help-with-credit-card-collections/). Many debt collectors will drop your case immediately once you elect arbitration because it can easily cost them several times more than the amount of your debt. Consumers trying to repair their credit can use arbitration their advantage by electing it immediately with a debt validation letter, preventing a debt collector from suing. + +Most debt collectors will actually wait until you pay your portion of the arbitration fees ($200-250 max, $0 for California residents) before either reaching out to settle (which can result in a removal of the account from your credit report) or just dropping it entirely. + +Some debt collectors will ignore arbitration demands, even if it clearly spells out the procedure for it in your original contract. When this happens, you can force it in small claims court, or pony up the $400 for a federal court case. Going either of these routes will almost always result in the arbitrator awarding you the fees that you had to spend up til that point in order to force the debt collector to the table, at the very least. + +Other than electing arbitration, if a credit agency investigation concludes the debt is valid, you can write another letter demanding to know [exactly how the investigation took place and who was in charge of the investigation](http://www.consumerfinance.gov/about-us/newsroom/cfpb-puts-companies-on-notice-about-duty-to-investigate-consumer-credit-report-disputes/). Sometimes the credit reporting bureau will respond back with the information, sometimes they will just drop the account themselves. + +**Dealing with Charge-Offs/Settled Accounts** + +[Charge-offs](https://www.nerdwallet.com/blog/finance/credit-card-debt-charged-off/) and settled accounts are a tougher nut to crack as opposed to collection accounts. Most of these types of accounts will come from credit card or personal loan companies. Your local payday lender might go out of business within a couple of years, or may not be quite as diligent about records, but a major credit card company is going to have everything documented and readily available. + +The above information about credit reporting investigations applies to these accounts as well, just do not be surprised if they tend to stick. Some credit card companies might remove your payment history from the account, which can help with your on-time payment percentage, but the line will still remain visible to others who pull your credit. + +If you believe that they may have committed an FCRA violation, talk to a consumer attorney about starting a case against them. Like I said, even if you only get awarded $100 for the violation, your attorney might make thousands. Part of your agreement should mandate that they remove the entire account from your credit report, possibly in lieu of payment (to you). + +As a last ditch effort, you can try writing goodwill letters to individuals high up the chain-o-command at the credit card companies. Most likely, you will get rejected, but you may be able to find someone compassionate enough to forward your letter to someone who can remove the information. + +**Statute of Limitations** + +New York residents only need to wait 5 years before negative information comes off of their credit report while everyone else has to wait 7 years. The kicker here is that most consumer debts have a statute of limitations of only [3-6 years](http://www.creditcards.com/credit-card-news/credit-card-state-statute-limitations-1282.php) (except Iowa and Rhode Island, both at 10 years) depending on which state you live in. The information can still stay on your credit report for the full 5/7 years, but the creditor or debt collector cannot attempt to collect the debt. + +In these cases, when all else has failed, you can write a debt validation letter but be extra careful to not claim the debt as yours. Refer to the debt as “alleged” and make no mention of wanting to pay anything. At this late stage, the creditor or debt collector doesn’t have to respond to your letter, if that happens, there isn’t much you can do. What you’ll often find with validation requests though is the creditor will include a letter stating that this debt is “valid” and giving you a phone number to call to discuss payment options, along with documentation proving the debt is valid. Count yourself lucky if this happens because you’ve got them on (probably multiple) FDCPA violations. Get your attorney and get the process started, just be sure one of the terms of your settlement (debt collectors will almost always settle if they know they will not win in court) is to have the negative information take off your credit report. + +One important thing to note here is that the [FDCPA only applies to debt collectors](http://www.nolo.com/legal-encyclopedia/what-is-the-diffrence-between-debt-collector-creditor.html), not to the original creditor. A Capital One account that defaults and is sold or assigned to a debt collector means the debt collector needs to follow the FDCPA. If Capital One wanted to keep the debt themselves, they wouldn’t have to follow FDCPA guidelines. + +**Special Notes** + +**Federal Student Loans/Tax Liens** - You can dispute, validate, send goodwill letters, and argue until your face turns blue, but these types of cases are going to stay on your credit report until they are paid. Once you’ve paid a tax lien, there is a form you can file with the IRS to [get the process of removing it from your credit report started](https://www.irs.gov/pub/irs-pdf/f12277.pdf). Federal student loan information will stay on your credit report for 7 years after it is paid off. + +**Court Judgements** - Disputes may work with court judgements but you will still owe the money they say you owe. It can help your credit score but pay off the judgement or they will still have grounds to put it back on your credit report, this time in the form of a collections account. It may also be possible to have the judgement vacated, which will remove it from your credit report, but that only happens in certain circumstances + +**Goodwill letters for late payments** - I explained that goodwill letters are a last resort measure if nothing else works for accounts. You may have slightly better luck with a goodwill letter if you just want late payment information removed, though there is a much better chance than not you will still be rejected. + +**Being added as an authorized user on someone else’s credit card** - This can help your credit score in the short-term but any lender taking a close look at your credit will see exactly what you are trying to do. + +**Hard Inquiries** - For the most part, don’t worry about them. Shopping around for rates is expected and your credit score might take a slight dip after 30 days that it will recover from within a few months. + +**Resources** + +http://financeography.com + +http://myfico.com + +http://creditinfocenter.com + +http://ftc.gov + +http://bankrate.com + +Hi all, recently I've seen hype about Smallcase and it's benefits. News channels talking about and I guess even some reviewer talked about it. I am wondering, out of curiosity, what made it blow up now ? I've seen smallcase offered by zerodha even a year ago but there was never any news coverage on it. Thanks. +Just read this article - [https://www.thehindu.com/opinion/op-ed/geospatial-sector-in-india-and-possibilities/article65048521.ece](https://www.thehindu.com/opinion/op-ed/geospatial-sector-in-india-and-possibilities/article65048521.ece), + +I want to know what instruments one can buy to invest in this sector, I don't know much but still curious. + +Also please recommend some instruments to invest in defence corporations or corporations that deal with defence products indirectly. +With the volatility in the current market is there a better strategy than staying the course? + +For example: setting a 1 day limit and investing some cash on days with huge drops (last Thursday) and selling off some of your portfolio on days with huge gains (last Friday)? + +I guess the follow up / related question I have is if I have $50k cash that I was planning to invest, when do I put it into the market? + +For reference I maintain a portfolio of 50% xaw 25% vcn 25% zag (probably needs rebalancing) +So record low interest rates, record high asset prices, inflation begins to creep up while wage growth is stagnant and energy prices squeeze minimal disposable income. Supply chain issues are causing supply chaos during an unprecedented global pandemic, adding to inflation on essential goods & services. My question is where are we heading? It seems, nationally and globally, we stuck between a rock and a hard place and something has to give. +I’m mostly in VOO. I really want to capitalize on the down market, but the share price of VOO is something I can only afford every so often. But I can buy SPLG at ~ $47 much easier and more often. + +Does it make sense to do this? Or should I just save and buy a VOO less often. + +Seems like getting in the market earlier and more often with an SPLG might be better, particularly since the two have the same expense ratio (0.03%) but SPLG pays a slightly higher dividend percentage (1.60% vs 1.57%). + +But maybe my rationale is off. + +Thanks. + +For clarity I’m talking about my Roth IRA and my brokerage account. So, for retirement but also my savings and as an investment. + +Edit: thank you for the responses so far, at this time my brokerage does not allow me to buy fractional shares so that isn’t an option for me right now +As title says, why just VTI/VOO/VT when I can buy all 3 or more? Say I have a few hundred thousand to invest. Why not 200k in VTI and the remaining 100k buy a a few k each into other various Schwab or Vanguard etfs? Few thousand into emerging markets, some into bonds, some in dividends etc +I honestly can't find any arguments against allocating most or all of your portfolio to a quality factor ETF rather than an index. Quality gives you exposure to companies with the best balance sheets. These are companies with little to no debt, high return on equity, and healthy and growing YoY profits. These companies can also weather inflationary times better than other companies because they have pricing power over their customers. + +Lastly, the quality factor, apart from delivering healthy returns, is also more defensive than the broad market and goes down less in a downturn. The reason quality stocks go down less is because investors are less worried about them due to their extremely strong fundamentals. + +Quality investing is one level higher up than index investing. The fund managers remove all the crappy companies and construct an index of companies with the best fundamentals. It's not an active approach but semi-passive. My quality ETF is only re-balanced twice annually. +**1 - Fools and their money are soon parted:** + +In the digital landscape, you will see many people selling courses. To put it bluntly, the three so called evergreen niches are generally: 'how to get rich quick', 'how to attract a supermodel partner using THIS specific pick up routine', and 'how to get a six pack in six weeks'. + +This is a simplification but is not far off the mark. + +Of course, there are some experts in certain fields providing specific and high quality information at a reasonable price - but this is the exception rather than the rule. + +Possibly the most lucrative evergreen niche is "How to Get Rich Quick" and by the way this is not a new phenomenon - it has been going on for many years before the Internet. + +However, the scale provided by the Internet means that it is more lucrative today than ever. + +For example, if you are selling a $1000 course, you need to sell 1000 courses to generate a revenue of $1MM. You have to give a chunk to Uncle Sam, or you can set up shop in a more tax friendly nation if you are not an American citizen. + +Using ad campaigns on social media platforms like Facebook and YouTube and getting it out to millions of people, you can see why some have raked in the cash by selling thousands of these courses. + +So remember that just like the Wild West, there are many scammers who want to part you from your money. If it sounds too good to be true, it is. + +**2 - Understand what money is:** + +Money of course has specific characteristics, but to simplify money is just the mechanism by which we transfer time and wealth. Provide value at scale by applying leverage (code, people, capital) and you will become rich. + +**3 - Money can't buy happiness:** + +Having enough money to be financially independent and avoiding financial stress *is* important though - studies have actually shown that financial stress can temporarily lower IQ. Not good. + +In terms of happiness, some prefer to view it using the lens of excitement = happy, and boredom = sadness. This is generally more practical, as doing things that you enjoy and are aligned with some sort of purpose leads to a greater level of fulfilment (or happiness). + +**4 - Beware of the Diderot Effect:** + +In the words of Warren Buffett: + +"If you spend money on things you do not need, soon you will have to sell things you need." + +Now, we can probably think back to numerous occasions where we've bought something, and cringe thinking about how unnecessary the purchase was, and more importantly what he true opportunity cost is if it had of been invested instead. + +We of course live in a consumer driven culture, whereby material possessions are the Holy Grail of one's achievement in life. This is starting to shift with the emergence of trends such as minimalism and FIRE, but it is still prevalent in popular culture and advertising. + +In terms of consumer goods, there is an interesting social phenomenon called the Diderot Effect. + +It is named after the French philosopher Denis Diderot. + +Diderot was the co-founder and writer of Encyclopédie, one of the most comprehensive encyclopedias of the time. + +Diderot lived in poverty for most of his life, but all that changed in 1765 Catherine the Great, the Empress of Russia, heard of Diderot’s financial troubles and offered to buy his library from him for £1000 GBP (which is the equivalent of around £178K today). + +Suddenly, at the age of 52, Diderot had money to spare. + +He acquired a new scarlet robe. And that's when the spiral began... + +He noticed this is beautiful robe was out of place when surrounded by the rest of his common possessions. + +According to Diderot, there was “no more coordination, no more unity, no more beauty” between his robe and the rest of his items. + +He felt the urge to buy some new things to match the beauty of his robe. He replaced his old rug with a new one from Damascus. He decorated his home with beautiful sculptures and a better kitchen table. He bought a new mirror to place above the mantle and his “straw chair was relegated to the antechamber by a leather chair.” + +These reactive purchases have become known as the Diderot Effect. + +The Diderot Effect states that obtaining a new possession often creates a spiral of consumption which leads you to acquire more new things. As a result, we end up buying things that our previous selves never needed to feel happy or fulfilled. + +This spiral of consumption is one of the reasons why many former Sports stars go broke after they retire. When they got their big break and signed their first contract, they had more money than they knew what to do with. Then, they buy a huge mansion with a colossal mortgage and numerous Super-cars. Their lifestyle expenses then inflate to obscene levels such that once they retire and lose their main income source, they go broke. They were rich, but they weren't wealthy. + +**5 - Avoid the Lifestyle Inflation Trap:** + +Speaking of lifestyle inflation, this applies to mere mortals and not the Sports stars we see on TV. + +In his best seller The Four Hour Work Week, Tim Ferriss, examines the concept of 'the New Rich'. + +The essence is the following: "Who is better off: the person on $40K per year but working 30 hours a week, living well within their means, investing aggressively and spending the rest of their time pursuing other passions, or the Investment Banker on $400K working 100 hours a week, sacrificing their long term health, and living a very expensive lifestyle." Of course, this is a simplified example: the Investment Banker could of course come from a wealthy family and have an eight figure inheritance, there are exceptions - but generally lifestyle inflation is a trap and something to watch out for. + +**6 - Money is not necessarily the root of all evil:** + +It is possible to make a lot of money ethically - you don't *have* to turn into a super villain to obtain it (although it does help!). But if you view money as evil, it will probably elude you forever. + +Money just exacerbates what type of person you naturally are. + +If you a decent person without lots of money, at your core, you're still a decent person in the long term with lots of money. In the short term you may see some people change for worse, but over the long term you'll find they're fairly consistent. + +If you are a...not so decent person without lots of money, you'll still be a not so decent person with lots of money. + +Also, unless someone is a genuine psychopath, humans are generally not completely "evil" or "good" anyway - it is a complex and dynamic situation, where the very definitions of good and evil vary depending on culture and period in history. + +So, don't view money as completely evil, otherwise it may prove elusive. + +**7 - Remember the Goal is Wealth:** + +Finally, something that the wealthiest individuals understand, is that money is emotionless. It doesn't care how hard you work, it doesn't care about the sacrifices you make to obtain it, it doesn't even care if you don't buy avocado toast, it has no emotion. + +It is more about realising that the real goal is to acquiring assets and diversifying to create genuine wealth, and having sufficient cash flow to maintain whatever sort of lifestyle you prefer. + +Indefinitely. +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! + +My answer to my own question would be the neoliberal economic policies that have been instituted by every president since Reagan. Democrats have a slightly further left version of this than Republicans, but they still back the same general program. I'll use wikipedia's definition of neoliberalism. + +>Neoliberalism refers primarily to the 20th century resurgence of 19th century ideas associated with laissez-faire economic liberalism. These include extensive economic liberalization policies such as privatization, fiscal austerity, deregulation, free trade, and reductions in government spending in order to enhance the role of the private sector in the economy. + +I would like to stress one key issue I have with this definition, fiscal austerity. Neoliberalism practices fiscal austerity for social spending (welfare, food stamps, medicaid/medicare, etc.), but still gives massive subsidies to the private sector. The most egregious hypocrisy of these measures, to me, is that the financial sector was deregulated (a key policy of neoliberalism) which led to the 2008 crisis. They banks were then bailed out with a massive subsidy. Government spending is supposedly shunned by neoliberalism, that is until the 0.1% need the spending, then it's okay. This contradiction is part of what makes me distrust neoliberalism. + +This being said, these policies have increased GDP since then. My problem is, I don't see the point in an increase in GDP if the *overwhelming* majority of it goes to 0.1% of the population. + +I'm a history student right now, so I have some experience with economics through that. The problem is, I only really have a basic understanding of economics, so I don't know if my conclusions about this are accurate. That's why I am here asking this question. + +Edit: Thanks for all the great answers. I have been made aware of some deep flaws in both the premises and conclusion of my argument. This has been a huge help. +[https://imgur.com/a/mLF4fTm](https://imgur.com/a/mLF4fTm) + +If you are making on a profit on each individual unit of ice cream, why would a company sell less of it? The only way I can think of this happening is if the price of the materials or labor gets more expensive as you make more ice cream, but isn't the opposite actually true (economies of scale)? + +This isn't the first time I've learned this material, but I never understand it. +Interested in knowing what you've done to buy more time or reduce your stress by automating things. Outside of the standard housekeeper, live-in-nanny, personal chef etc., what other things have you done? + I wrote a simple python library to access and use most of [TDAmeritrade's API](https://developer.tdameritrade.com/apis). Check out the github link below and let me know if you have any questions. Would love to hear your thoughts! + +[https://github.com/ysriram1/tdlink](https://github.com/ysriram1/tdlink) + +PS: The Github page also includes instructions on how to get an access code using your TDAmeritrade account. You will need this to use the API. +Hello all, + +I am rapidly approaching my fatfire number, I plan to leave the bay area for my home country in less than a year. + +I own a townhouse in the bayarea with no mortgage. I won't have any use for it going forward, and my furniture is nothing special, certainly not worth shipping across the world to my dream house. + +So in preparation for my new life I need to trash all my junk, sell all my furniture / appliances etc, deep clean the house, stage it and sell it. But I am lazy and don't want to do all of that. Can you please recommend ways to throw money at this problem and make it go away? + +Thank you for your help and I wish you luck in your journey to fatfire. +I'm completely broke for the first time in my adult life. After buying the ridiculous list of "required items" on my son's back to school list I officially have an account balance of zero. I feel so ....broken. Defeated. Scared. That's probably the most appropriate description. Scared of what's going to happen now. +I purposely didn't pay several bills last month or this month in preparation for back to school and in one quick shopping trip I'm bust. He needed a few more items but it required a trip to a different store so I told the kids we'd go home and have lunch and go shopping another day for the other things. I haven't even gotten my younger son's back to school things yet but that's looking like it's not going to happen. I'm a single mom, their dad gives no financial support whatsoever and when I ask for help he makes a huge fight out of it and then ultimately ends up telling me how he can't do it because he's broke. To make things worse I've been out of work and bills are getting so far behind. + + +Ughhhhh This isn't how my life was supposed to go. I was a "good girl". I studied hard, stayed out of trouble, went to college, began my career, met a guy, got married, bought the house and car, had two babies.....I did everything "right". He was an emotionally abusive addict with untreated bipolar disorder and ditched us when my boys were babies. I'm doing my best to raise my children to be responsible, kind and respectful young men and hope every day their lives turn out better than mine did. + + + +Making this edit here so y'all see it. + +I am absolutely amazed at the thoughtful and sincere comments and suggestions. Y'all are the best. Unless you've been in this position it's hard for people to understand what it's like. I appreciate everyone's support and kindness. + + +For those saying I shouldn't have had children if I couldn't afford them - you're just plain mean. That's such an ugly thing to say to someone that I can't begin to imagine the hurt you've experienced to get to the point of saying such cruel things to a stranger. I'm sorry you're hurting and I hope things get better for you. + +As for going after the dad for child support- that's a complicated and difficult situation. Believe me when I say I've rolled that one over and over for years and the best solution I've come up with is to leave it alone. I refuse to share custody with someone who is unreliable and emotionally unstable at best and hostile and addicted at worst. Child support doesn't automatically qualify him for custody but there's nothing on paper to prevent a judge from giving him 50/50. The courts here are very much in favor of doing whatever they can to allow parents access to the children. Which can be good or bad depending. My kids don't deserve to be in the middle of custody disputes, court orders or back and forth. Right now they know their daddy loves them and does his best. I'd rather it be like this than anything else. Money included. +The whole crypto market is getting slaughtered this weekend. It's a good time to regroup and find tokens which are setting up to take advantage of a rebound. I have been in the USKITA telegram all week and I think this community is putting all the pieces in place to launch into orbit this week. + +The USKITA telegram is extremely active and energetic. There are community run marketing and admin teams who are hustling really hard in many directions. In a short period of time they did a complete rebrand and website redesign ([www.uskita.com](https://www.uskita.com/)), got listed on CoinGecko ([https://www.coingecko.com/en/coins/american-akita](https://www.coingecko.com/en/coins/american-akita)) and lined up many promos, including an upcoming one by Soulja Boy ([https://twitter.com/USKITAcom/status/1393302501361963013](https://twitter.com/USKITAcom/status/1393302501361963013)). The number of holders has increased over 4k, over 3k have joined the Telegram and 500-1000 are active there at any time. + +For this upcoming week, besides a Soulja Boy plug, they also have several high follower youtube promos in the works, as well as many other influencer accounts. They are also working on several CEX listings and expecting a CoinMarketCap listing. They have already sold NFTs for charity ([https://twitter.com/USKITAcom/status/1392952535330213892](https://twitter.com/USKITAcom/status/1392952535330213892)) and have more in the works. Crypto antics by Elon have driven token prices to bargain levels but with such strong energy this token is going to be rebounding hard. + + +And yes, the American Akita is an actual dog breed! I didn't know that before: [https://en.wikipedia.org/wiki/Akita\_(dog)#American\_history](https://en.wikipedia.org/wiki/Akita_(dog)#American_history) + +&#x200B; + +Token info: + +**Website**: [https://uskita.com/](https://uskita.com/) + +**Telegram**: [https://t.me/americanAkitauni](https://t.me/americanAkitauni) + +**Twitter**: [https://twitter.com/USKITAcom](https://twitter.com/USKITAcom) + +**Uniswap**: [https://app.uniswap.org/#/swap?inputCurrency=0xc18e7a03f8986798323658dd8645f93aa79ac5c9](https://app.uniswap.org/#/swap?inputCurrency=0xc18e7a03f8986798323658dd8645f93aa79ac5c9) + +**Dextools:** [https://www.dextools.io/app/uniswap/pair-explorer/0xc18e7a03f8986798323658dd8645f93aa79ac5c9](https://www.dextools.io/app/uniswap/pair-explorer/0xc18e7a03f8986798323658dd8645f93aa79ac5c9) + +**Whitepaper**: [https://drive.google.com/file/d/12vNoKgB-F5FBjEbd2hXjttLyb2WO-n3z/view?usp=sharing](https://drive.google.com/file/d/12vNoKgB-F5FBjEbd2hXjttLyb2WO-n3z/view?usp=sharing) + +**CoinGecko**: [https://www.coingecko.com/en/coins/american-akita](https://www.coingecko.com/en/coins/american-akita) +Your markets are run by bots. 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Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +I work for the state and my boss threw a huge chunk of his job at me fall 2020 and spring 2021. It’s beyond my current job duties and more suited for an assistant director. Our office has an assistant director position available and it’s sitting vacant. + +How do I approach him about all of this? I just got a 3.8% increase due to merit but my job description hasn’t changed. + +Edit: RIP my inbox. I responded to a ton of people this morning but haven't been able to look at it all day. I'll respond best I can. Thank you everyone for your time and advice. +Hi all, I don’t really have people I can tell about it that would understand or appreciate it so I feel like I needed to post and air my elation! + +About a year ago I was on the receiving end of a scam, I lost out on over £6,000. The scammer in question had intercepted a message I had sent to a company and pretended to be said company and obtained my money as a result. + +I argued back and forth with the bank after discovering I was scammed and even with the overwhelming amount of evidence I had, the bank rejected it. + +I took my claim to the financial ombudsman back in October 2021, they said they would get back to me in 9 months after reviewing my case…. + +Well as of last night when I had a phone call out of the blue from them telling me the bank was now fully refunding my money plus interest, I’m not ashamed to say I teared up a bit on the phone. + +The whole ordeal had a huge effect on my mental health, I became reclusive and very distrustful of everyone around me - I consider myself to be on the whole, a very glass half empty kind of mentality, expect the worst and that way you can’t be disappointed; I can honestly say now that I am currently over the moon and the money will surely be welcomed in these troubling times. + +Sometimes, the system does work. + +Edit - spelling + +Edit 2 - link to original post + +https://www.reddit.com/r/UKPersonalFinance/comments/tgk4rg/scammed_out_of_6000_bank_refuses_to_help/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Edit 3 - link to the scammers previous conviction + +https://www.google.com/amp/s/www.warwickshireworld.com/news/warwick-conman-jailed-after-he-tricked-overseas-students-779879%3Famp +I need about $15K on top of the student loans I will be borrowing to get through the two year anesthesia master's program I will be attending soon. I have $32K in my 401K and I was considering just cashing it out. I know it is a big No No to do so but I will be making close to $150-200K after I graduate with a 100% pass rate and 95% job landing for new graduates. I know I will take a huge hit on penalties and taxes but the money would really help me get by to be used for living expenses and bills. Is this a bad idea, or is it worth it, since I will have a large income in my future that can easily rebuild my 401k? +GMR is listed now on BITMART exchange! Chart looks very healthy and is ready to explode! Remember this was the time Safemoon reached all time highs when they got listed on Bitmart. Do not miss this opportunity!! Get in while it is cheap and HODL. I believe it will reach ATH when Bitcoin/BNB recovers. +177k ++ Holders! $250k Warzone Tournament in the next 3 weeks! FIFA fridays with MattHDGamer AMA every Tuesdays, NFT, Billboards, GMR Center signup soon!, Turopium Partnership with combined 50M subs + + +They are giving away 157,300,000,000 GMR in our Buy & Earn and Trading Competition event!