diff --git "a/reddit_finance_43_250k_179.txt" "b/reddit_finance_43_250k_179.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_179.txt" @@ -0,0 +1,10000 @@ +Peace +https://news.bloomberglaw.com/securities-law/vast-doj-probe-looks-at-almost-30-short-selling-firms-and-allies + +The Federal Bureau of Investigation seized computers from the home of prominent short seller Andrew Left, the founder of Citron Research, in early 2021, some of the people said. In more recent months, the Justice Department subpoenaed certain market participants seeking communications, calendars and other records relating to almost 30 investment and research firms, as well as three dozen individuals associated with them, the people said, asking not to be identified discussing confidential inquiries. + +Many on that roster -- a veritable who’s-who of the activist short-selling realm -- said they haven’t been contacted directly by the government, leaving some exasperated about being left in the dark. Reached for comment, Left also said he’s frustrated. + +“It’s very tough to defend yourself when you haven’t been accused of anything,” Left said. “I’m cooperating and I have full faith in the system and the First Amendment,” he added, referencing protections on free speech. + +The long list of names underscores the breadth of the Justice Department investigation first described by Bloomberg in December and shows how authorities are trying to map out alliances and understand how short sellers handle research and arrange bets that stocks will fall. It remains unclear which, if any, of the names mentioned in subpoenas might be targets of the inquiry or merely have ties to other people or entities of interest. + +The Securities and Exchange Commission also has sent some requests for information, people with knowledge of those inquiries said. Spokespeople for the Justice Department and SEC declined to comment. No one has been accused of wrongdoing, and in many cases, the opening of a probe doesn’t lead to anyone facing charges. + +Prominent firms and their leaders mentioned in the Justice Department’s requests to some market participants include Melvin Capital Management and founder Gabe Plotkin; Orso Partners and Nate Koppikar; Sophos Capital Management and Jim Carruthers; as well as Kerrisdale Capital Management. The list also includes well-known researchers such as Nate Andersonand his Hindenburg Research, as well as Fraser Perring and his Viceroy Research. + +One area of focus is how investors set up their bets that stocks will decline. Investigators have been looking, for example, for signs that money managers might try to engineer startling stock drops to induce selling by market makers or other investors, or engage in other abuses, such as insider trading, people familiar with the matter have said. +**Update: Thank you for the advice. I logically explained my rationale and my requirements, they did not balk and said they need to talk to comp team and will get back to me. Wow...** + +&#x200B; + +Hi - I am not a true executive but in the $400K range within Financial Services, a few years away from "making it". I've been getting messages from recruiters on LinkedIn and have had some conversations. One of them has led to the brink of an offer. My current company is a better name and I am on a solid path, but it would be a bigger role and could potentially help me fast forward a couple years. + +I fucked up by at the beginning of the process telling them my current comp and that I would at least need that to switch. But in reality I would need $600K or so to see it as a worthwhile switch. How do I communicate this without offending them or having them think I misled them? + +Also, is it going to burn bridges and leave bad blood to wait for an actual offer in writing and **then** reject it (let's say because I have a conversation with my current employer and they sweeten my situation)? + +I am a people pleaser and feel very uncomfortable leading people on, but I am not sure how else to test the market. It feels like somebody will get upset and feel strung along either way. Not sure how to best proceed. + +Figured this would be the best forum where people may have gone through similar things in their careers. Thank you in advance for any guidance/thoughts. + +&#x200B; + +&#x200B; +FDA just approved lab grown meats for human consumption for the first time ever yesterday and can't help but think this could be a huge play towards the future of meat. Cruelty free, sustainable, and molecularly the same exact thing as real meat. + +Am I too open in my thinking that others would also gladly eat this? Only currently one public company on the market strictly doing this (STKH) and it has a paltry 24M market cap, so seeing a lot of room for growth. +Yes, the title says it all. I firmly believe this market is incorrect on a lot of things. No, I am not saying I am shorting it. No, I am not saying if you’re investing you’re about to go through a massive correction. I will say this though… + +Yesterday, Visa reported earnings that were a hit. They did great, EPS was way up, revenue was way up. Not only thing though, they are raising their dividend for their investors. They’ll be paying you even more for owning their shares because they have such great cash flow. The market opens today, they’re down over 5%. MA, which reports tomorrow morning, is down 6% with it. One could assume they’ll have pretty similar earnings and revenue. Maybe even up their dividend too (don’t hold your breath for that one, but who knows). But Tesla, a company who has sold patents, licensing, and Bitcoin to pad their balance sheet for specific quarters so that their earnings look better to the common shareholder, went up 12% because a company that was on the brink of bankruptcy pulled a publicity stunt saying they’d buy 100K cars. + +These are just examples of what is happening as a whole in our market. I’m buying these companies who are being screwed and I can tell you this, I am right and the market is wrong. I warn any investor who is partaking in this, because greed and speculation has run rampant while fundamentals and discipline has been thrown out the window. + +Watch. +As value investors I'm sure we have all read some good books. I am looking for some new good books to read so I want to know what books you should absolutely read as a value investor? + +Edit: spelling +I've just finished reading the 10-Q and 8-K filings for Paramount Global and can't find any crazy reasons why Buffet would want to invest in this company besides the discount to NCAV it offers. + +&#x200B; + +Looking at some numbers: + +NCAVPS: $74.44 + +Book value: $34.92 (increasing over the past 5 years) + +Currently trading at $28.02 + +Debt/Equity: 0.82 + +Current ratio: 1.58 + +ROE is positive and above 15% for at least the past 6 years + +&#x200B; + +So far the company looks good, however, looking at the Free cash flow: + +2015: 1.22B + +2022: -717M + +&#x200B; + +The operating earnings are decreasing since 2018 and they seem to drastically and successfully change towards the subscription model. Their report says they are still #1 in many TV programmes and are capitulating by putting more focus on programming. However, much of this was due to going global with subscriptions. Can they really take much of the pie that's already split between Disney, Netflix and Apple? + +&#x200B; + +I'm a beginner and only recently started reading 10-Q fillings but I thought I'd jump on the speculation train to hone my investing skills. Please correct me if you see any mistakes. + +I wonder, is this a cigar but / net-net type of investment? Or what other reasons did you find for this investment? +In other words, let's take Paul Singer's Elliott Management, one of the largest funds operating with this strategy, as an example. Singer was involved in a lawsuit for more than 14 years with the Argentine government for failure to pay the bonds. So isn't this the area of ​​investing that most requires the qualities of a value investor: patience, long-term vision, ignoring the market, recognition of qualitative values, independent thinking? + +Why is it so underrepresented when the profit potential is absurdly high? Could it be because most funds are risk-averse sissies? It seems to me a complex and challenging area. +I'm home on fall break and bored out of my mind. As the title indicates, I'm looking for anything about finance. I am particularly interested in Derivatives, Fixed Income, and IB (LevFin to be specific). +Just thought I’d share this small hack/tip for those of you on a budget like me 🙂 If you ever want a small treat at a fast food place, I highly recommend downloading that place’s app. McDonald’s has some of the best deals through their app: For example many days you can get a free Crispy Chicken Deluxe with any purchase of $1+. Sodas are $1, so you can get a soda and a $5 chicken sandwich for just $1! Other days there are deals like get a free Big Mac with any purchase of $1. Or $1 any size fries. + +Another tip I have is to use multiple phones if possible (i.e. borrow a spouse’s/partner’s phone or your kids phone) and make an account in their name. That’s twice the deals! I just used this “hack” last night to snag my wife and I two Whoppers for 74c! (They had a deal 37c Whoppers, limit 1 per account, so I made my wife an account, and got 2 Whoppers for dirt cheap!). Tonight, 3 of my kids wanted McDonalds for dinner. One kid usually gets 2 McDoubles. The other two kids split a 20 pc Nugget and they all wanted fries. I used 2 phones and got 2 deals: one was 2 large fries with a 20 pc Nugget and another deal was a free Crispy Chicken sandwich with purchase (which I got the sandwich for myself). So I fed 4 of us for $9, not bad! + + + +EDIT: There are still idiots commenting that apparently don’t know how to read my post lol. 1.) I’m not advocating you eat junk everyday or often; this is a hack for the occasional treat. Many of us enjoy the occasional fast food meal and/or have kids that enjoy it and it’s a treat to them (I got 4 kids). 2.) Yes I know you can prepare a healthy meal for less than $9, that’s not the point of this post. We do cook most nights, but again, my wife and I work and we have 4 kids; we get tired sometimes like normal humans and sometimes want to grab fast food just because it’s easier and/or we wanna treat our kids. +Imagine any major company announced in a 10k that 25% of its total shares had been bought by another entity. It would be headline news on the financial websites. + +Now imagine that not only has 25% of the company been bought, but the entity continues to buy more and more at a faster pace. Even more newsworthy. + +Now imagine that this entity is actually a diverse collection of regular people who communicate on an open public platform and month by month put their earnings into buying pieces of this company. That's new, and again, quite newsworthy. + +It doesn't matter if the media outlet wanted to praise, mock, or undercut the DRS movement, it's NEWS. They're supposedly in the business of bringing new, interesting things to their audiences. + +But with DRS, never a whisper. Never a passing mention. They mock us for a lot of things — deifying Ryan Cohen, buying stupid jpegs on the NFT marketplace, throwing our money away at a dying brick and mortar, being unsophisticated bagholders, and on and on. + +But no one in the media makes fun of us for our weird DRS habit. No one even mentions it. Day after day of purple circles, and nary a word. It's completely taboo. And it's not like we can't be mocked for it. Other investing subreddits are happy to do it. But the media who take their orders from the powers that be? Silence. + +This tells me DRS is something they truly fear. +https://www.cnbc.com/2019/05/03/inside-the-goldman-sachs-tech-fund-that-made-25percent-returns-for-7-years.html + +Goldman's Principal Strategic Investments group has made key investments in Kensho and Tradeweb and helped create Wall Street chat platform Symphony. + +"We put blood and sweat into Kensho in a very substantial way," said partner Rana Yared. + +The group has produced annual returns of at least 25% for the past 7 years, according to people with knowledge of the business. +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! + +Sorry if this isn’t the right place to post, but we’re pretty desperate. Like the title says, we went to usps and got money orders to pay our rent ($2300) for the month. Last Wednesday, the super comes by to inform that they haven’t received the money. After reaching back out to USPS, they inform us they lost the orders. The number on the receipt the original worker circled and said was the tracking number was actually the code for the online survey. We were informed of this by an different employee yesterday as she laughed told us to get out of the line (hey, what can you do). The landlord says he needs a check on Monday for $2300 and while we have been securely making rent on time since we moved in a couple months ago, we can’t afford to spent another $767 each immediately after paying rent. That being said, I understand the landlords issue completely, man needs his money. I’m sure all of this makes me an idiot, but I’d greatly appreciate any help or advice. Thanks a lot. + +Update: we have a receipt but it only contains the individual payments alongside a serial number. This means my roommate didn’t steal it and the money was actually given to the bank, right? +I entered the serial numbers into Money Order Inquiry System and it didn’t recognize or have any information on them. +I'd just like to make my position clear on why I'm invested. Web 3 is a misleading term. People are acting like we're financing the reinvention of broadband. That's ludicrous. Decentralization is slow and expensive. The more actors involved, the more inefficient. + +Cryptocurrencies are the prospect of providing sound money to those with no access to it. There is no such thing as sound money without the ability to enforce agreements. We are financing automated governance. That's what currencies are really backed by. That's why it's called 'legal tender'. Digital gold is completely unnecessary and irrelevant. + +I'm not interested in disrupting amazon or apple or google. I'm interested in disrupting the global power structure. Cryptocurrencies have a lot of fucking work cut out for them. Not everything that needs to be done will be profitable. Not everything needs it's own currency. + +If you're just coming for the profits, make them short term. If you're here to finance a revolution, you should only concern yourself with developing a greater position for when the space has matured enough to give central bureaucracies a run for their money. +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! + +Assuming $5m is fatFIRE number for Canada, the amount of people who reach that amount is very small. From [this article](https://www.thekickassentrepreneur.com/top-one-percent-of-wealth-for-canadians/), only 91,823 individual in Canada are worth $5m-$30m. **That's less than 0.3% of the population.** Not sure how this compares to the US. Kind of discouraging to think about. Compound interest and index funds exist in Canada, so what's the deal? +Hello + +Myself and my partner are booking viewings for multiple houses to purchase around west London, which we've had no issue with until today. + +We sent an email with our interest for a property with an estate agents that we knew of, but hadn't had any viewings with before (renting previous or house purchasing). My partner has received a call from them today saying that we need to be "financially qualified" from them to be able to view any of their properties. Which means we have to go in and speak with their financial advisor for 45mins for them to understand our finances. We let them know we had a DIP but they require us to speak with their financial advisor regardless, otherwise we won't be able to see any properties from them. + +To me it just sounds a bit weird. They won't accept a DIP, we HAVE to use their financial advisor. Just makes me think they want to know our finances inside and out so they can make as much money as possible from us if we went with them. If it was renting I can understand, but just makes no sense to me. + +If anyone can shed some light on if this is weird, or if this is a standard behaviour that would be great. Thank you :) +TA;DR +Formal complaint with BaFin about splivvy fuckery results in official, written response claiming my shares were delivered. Only for accounting reasons is the splivvy "shown as a stock split industry wide" which is also due to the fact a splivvy would've been a taxable event in Germany (i.e. be glad you didn't have to pay taxes?!?). Still in conversation with them. + + +My fellow simians, + +After BaFin (German SEC) made an official statement with regard to the splivvy fuckery going on (in which they essentially told German brokers to get their shit straight or else...), I contacted my German broker cumdirect, to get confirmation that I received real shares and a splivvy and to ask where the shares came from. +Btw. if anyone is up in arms why I still use a broker, I don't really. I left less than 1% of my position with cumdirect and ibkr exactly for this kind of thing to see what happens and what can be unearthed from it. 99% of my GME position have been DRSed since last year. + +Cumdirect answered "No splivvy, stock split, we confirmed several times with WM Datenservice (who all brokers in Germany rely on apparently), stock split was the correct process". + +I figured no sense in arguing with them and directly put in a formal complaint with BaFin, since this 100% contradicts their official statement from a few weeks ago. + +To my surprise, BaFin actually answered me and also took my complaint serious. To my even bigger surprise, I used the complaint as a 2 for 1 to also get BaFin to speed up the DRS process of my fake splivvy shares because I had first feedback from cumdirect indicating they are trying to drag this out for months, yet again. A year ago, I tried the same thing with BaFin and was met with the usual "not our responsibility, we can't give legal advice, file a formal complaint with your bank/broker". This year they completely took it to heart and actually applied pressure on cumdirect who immediately changed their tone, apologized and promised to process my transfer asap. Weird ... + +Anyway, the response to my formal complaint at BaFin came in a timely fashion and in a formal and serious tone. +The lady told me that a) my broker confirmed to her that I received my new "young" shares and b) that the splividend is "economically leaning on a share split" and is "being portrayed industry-wide as a stock split". Which would be purely for accounting reasons because, for example, a splividend would be a taxable event in Germany (i.e. be glad you don't have to pay taxes pleb?!?)... + +The response honestly left me a bit dumbfounded. I explained to the lady (and am currently awaiting a response) that a) how can she confirm that I received my shares if a stock split was carried out (for whatever reasons) instead of a split dividend and no one is willing to confirm or deny if the shares were delivered by the DTCC? +And b) I do want to pay my taxes and have not given anyone my permission or instruction to get creative with their accounting to minimize my tax exposure... + +I told her that from where I stand the first thing to clarify is a simple yes or no answer: Did the DTCC deliver shares for the split dividend to the EU clearing house (Clearstream) or its subsidiaries like WM Datenservice? +If yes, then why was a stock split carried out contrary to the company's instructions and who gave the order to do so? +If no, was the entire industry that BaFin is supposed to supervise, knowingly or un-knowingly complicit in this scam (i.e. just sleeping on the job or sth more nefarious)? + +I am in the meantime in contact with the major financial crimes unit of my provincial police, who were very interested and complimented me on being so informed but said they would await the response of BaFin to my current inquiries and to contact them after I received it. +I am also trying to get in touch with the Bundesministerium der Finanzen (finance ministry) who is the supposed supervisor of BaFin. To my dismay they disconnected me several times by phone today without talking to me properly. I will try again in the coming days and if all fails will have to write them a letter that might take months to get a response... + +/EDIT +In case anyone feels "trust me bro" vibes here, I am prepared to upload or copy/paste the official statements from BaFin (mail correspondence) but would like to finish the process before doing so. Also might use an alt-account to post that because I am honestly not sure how much exposure of my real person is safe in all this ... + +/EDIT 2 +Sorry to dillute this with one of those "my oscar moment, thank you for the gold kind stranger" -things.But +I've been on reddit, mostly lurking, for over a decade. And while reddit was/is a great place online on its own, for various reasons, I do wanna point out that Superstonk is something absolutely special to me. +I have not posted and/or commented much over the last decade but may have gotten gilded or a bestof nomination once or twice. +But I have NEVER received as much overwhelming support/positive feedback as with this post here on superstonk. + +One of you crazy bastards even gave me reddit Premium. PREMIUM!!! I mean that means I can get into that fancy subreddit only the PREMIUM 1% have acces to, innit? After all these years .... The lounge... + +And the last few years got me so fucked up that my first thought when I realised someone gave me PREMIUM was: +"Am I getting shilled here or sth?" +... + +Like did I accidentally say/do sth that actually helps this becoming another Epstein scenario? +I never had that many upvotes ... + +But I don't believe so. +I don't believe this will be another Epstein case, where it is painfully obvious what insane injustice is happening in the world, yet it gets "twice suicided" and then simply forgotten with the next crisis rolling around the corner. +We made it through the Rona and are about to make it through the Ukraine bullshit as well. I believe this time will be different. +I believe this time, too many are watching because we have the Internet, we have reddit, we have Superstonk. +I believe in you guys, and myself. +I believe in GME, DFV, Cohen, Drs. Trimbath, our boy Dave, the banana in the ass guy, you know it's too many to list, and all are equally important. +I believe this is too big to sweep under the rug and this will result in change, in reform, in betterment. +And hopefully, at least some form justice... + +Thanks for all the gold and with your leave, good simians, I shall make my way, posthaste, to the lounge where I will pull up a stool next to Obama and Bernie and try to get them into a conversation with Snowden. All while Woody is trying to get us back to talking about rampart for the rest of the evening. + +Cheerio! + + +/EDIT 3 +This is obviously not financial advice, nor advice on how to obtain reddit PREMIUM. +I like the stonk, DRS, HODL +>Growing numbers of students in England have pledged to withhold rent on university accommodation they cannot use during the Covid lockdown. Organisers say this is building up to be a major protest, estimating that about 15,000 students at dozens of universities have signed up so far. + + [https://www.bbc.co.uk/news/education-55576471](https://www.bbc.co.uk/news/education-55576471) + + +Students be warned, if you rent from a private landlord and you withhold money, you could impact your credit rating in the future. This includes rentals from one of the big student accommodation companies rather than a house share. I know students like to bang the drum to make change, but I doubt you'll get much sympathy from private landlords and it won't stop them going after you. Speak to your student union or Citizens Advice before withholding any money! +Many of us have significant flex in our budget, which makes budgeting somewhat optional. However, it can be an effective tool to monitor for lifestyle creep. + +Sometimes budgets have very fine grain categories, which seems like too much work for the benefit for FatFIRE folks. Do you do something very high level like the following? Or do you find value in a finer grain? + +- Housing +- Basics (bills, groceries, etc) +- Discretionary (shopping, eating out, entertainment, etc) +- Travel +Go to this site : https://htlc.me/, click on "Got it, I wrote it down", get your tBTC (not real BTC, "t" is for "testnet"). +Then, you can go buy some fresh articles with Lightning transactions at https://yalls.org/ or some Caffe Latte at https://starblocks.acinq.co/ . + +You need to copy the "payment request" of the site you want to buy from and paste it onto your htlc.me lightning wallet (in "send tBTC"). +Once the transaction is confirmed on your wallet, you can go see on the site you bought from that the transaction has been confirmed instantly. +All of this is still under development but lightning devs are doing an amazing job at it ! +It's not that far down the road ! +Hello everyone, I again am guest-hosting Diamantenhände while we all eagerly await u/DerGurkenraspler's glorious return. Apes unite around the world to watch the German market carry the torch until US pre-market opens! + +&nbsp; + +- Thanks for joining us! US pre-market is open, and it looks good @ $255.22 + +- 115 minutes in: **$253.76 / € 207,40** + +- 110 minutes in: $253.58 / € 207,25 + +- 105 minutes in: $253.58 / € 207,25 + +- 100 minutes in: $253.58 / € 207,25 + +- 95 minutes in: $253.70 / € 207,35 + +- 90 minutes in: $253.70 / € 207,35 + +- 85 minutes in: $253.58 / € 207,25 + +- 80 minutes in: $253.76 / € 207,40 + +- 75 minutes in: $253.88 / € 207,50 + +- 70 minutes in: $253.76 / € 207,40 + +- 65 minutes in: $253.76 / € 207,40 + +- 60 minutes in: $253.70 / € 207,35 + +- 55 minutes in: $253.70 / € 207,35 + +- 50 minutes in: $253.70 / € 207,35 + +- 45 minutes in: $253.70 / € 207,35 + +- 40 minutes in: $253.70 / € 207,35 + +- 35 minutes in: $253.82 / € 207,45 + +- 30 minutes in: $254.01 / € 207,60 + +- 25 minutes in: $253.88 / € 207,50 + +- 20 minutes in: $253.95 / € 207,55 + +- 15 minutes in: $254.31 / € 207,85 + +- 10 minutes in: $253.88 / € 207,50 + +- 5 minutes in: $253.95 / € 207,55 + +- 0 minutes in: $255.60 / € 208,90 + + +&nbsp; + +FAQ: To generate this data, I'm viewing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and putting them through a currency converter to USD. Today's EUR -> USD conversion ratio is 1.22353943. + +I'm not trying to take over this tradition, just keep it going for fun on days when u/DerGurkenraspler doesn't start the thread at the normal time. +No. Really. Start there. The Intelligent Investor is a great place to start *when you already know what Benjamin Graham is trying to do in his own words and on his own terms*, Buffett's letters are an amazing read *when you already know why his methods have worked for him*, but start with The Economist's Guide To series. Their Guide To Analyzing Companies and Guide To Financial Markets are incredible resources. They have so much information to give and it's a disservice that nobody else mentions them on this sub. +My wife and I leave to go swimming for a few hours. When we get back our landlord has his hose out on the lawn full blast. We live in a duplex basement and he lives in the upper floor. The water went down our steps and the drain was clogged. (Which we've told him multiple times that water wasn't draining and had him turn his water off before it floods and fix it.) When we get home around 6 we see the puddle of water at the bottom of our steps and I slowly open the door to see a few inches of water on our floor. It seeped all the way through the house to our bedroom. We lost quote a few electronics and obviouslysly our furniture is all water damaged. + +Our landlord has no money and is on the brink of foreclosure. We've already even seen notices for auction posted in his front door. + +We have insurance. My wife has also pictured and cataloged every item we own. Will we be able to get anything from insurance? Should we sue? How screwed are we? + +Update: we've got an industrial service on the phone for him who said they could be here in 30 mins and he denied it. Thanks for all the help so far. Definitely stressful with me starting school today and my wife having knee surgery in 4 days and will be on bedrest for a month. + +Update 2: He is having a professional cleaning company come Tuesday. Since tomorrow is labor day that'll cost extra so I'm guessing he'll wait for Tuesday. He's gotten most of the water out himself with a shop vac and a carpet cleaner vacuum. Lots of fans up around the house. The carpet of course is still pretty damp as our main concern. I think after the guy comes Tuesday I'll call an inspector to get a clear view whether things are good. Oh and we have tried calling our insurance but Sunday night before a holiday isn't the easiest time to get a hold of them I guess. + +Update 3: we have convinced him to rip out the carpets and padding. They are drying in the 100+ degree sun in the driveway. The company he's working with told him to get everything dry and gave him some industrial fans. I've accepted the fact that I'll just have to miss the first few days of school. I was up until 2 last night moving things around and trying to dry my belongings off. Most of our stuff was salvageable. He told me when he bought the house 20+ years ago he never had it checked for mold after I said we need to have someone come in and inspect it. Is there a lawsuit for that? +Today I hosted our first community stream and we gave out $300 in free NFT yielding plants! Wow, just want to first say thank you to everyone that joined our first community stream, we had almost 100 people! I had a blast and I know at least 3 people who are richer just by dropping in and many others after learning the ins and outs of Strainz. Don’t worry, there are tons more giveaways to come so please join the telegram, follow these guys on Twitter, and be ready for what’s next! + +I am super pumped to share this unique NFT project that has insane potential and 3 different ways to make money. + +- Coin price reaching higher mcap (PUMP IT!) +- Selling NFTs +- Generating coins from your NFTs + +Here’s the rest of the details about the project and how to join the fun! + +I just uploaded this video to hopefully help new people [getting started!]( +https://youtu.be/QDwA7vDVBgY) + +One can only imagine where this will be with all the Binance NFT Marketplace hype. The work that went into it is astounding. An innovative feature-full ultra-microcap NFT platform that is about to be on everyone's radar. + +I've been following Strainz since late Feb when they were still in a beta phase, and for all this time they've been working their butts off, gathering feedback, perfecting the system, and with the official launch (v2), they're ready to conquer it all. The marketing campaign is about to begin (Reddit/Insta/TG/TikTok), with a legendary celeb endorsement in the pipeline, and this post right here may be the earliest call of this kind that you'll ever encounter. + +🌿 Innovation + +Increasing gas costs have recently been the impetus that drove major DeFI and NFT projects from Ethereum to the much cheaper Binance Smart Chain. Unfortunately, there are only a few NFT marketplaces that support BSC NFTs and all of them have one hurdle in common: The NFT developers have to seek integration and the marketplace has to implement custom technicalities to support each project individually. That’s where the Strainz Marketplace comes into play: **It supports any BEP-721 compatible NFT which is currently released on BSC out of the box! Connect your wallet and see all the NFTs you own in one place and sell them on the marketplace!** + +The marketplace is powered by STRAINZ, a gamified, weed-themed NFT. With it you can buy plants that produce strains with unique DNAs translating to specific appearances and yields. + +🌲 Collect + +Plants are built with different Heads, Bodies, Faces, Pots, Accessories, and Colors. Over 100,000 combinations are possible as of now, with more parts coming in the future. No two strains are the same, and they’re needed for harvesting STRAINZ coins. + +🍃 Harvest + +Plants are also harvestable, which means they produce STRAINZ coins over time depending on their growth rate. Each strain can have a growth rate between 1 and 255 and can be harvested at any time. A growth rate of 255 corresponds to approximately 300 STRAINZ coins which you can mint every day! STRAINZ coins are BEP-20 tokens and are used as the main currency on the marketplace. + +🌾 Breed + +For breeding you have to burn STRAINZ coins, corresponding to the breeding cost. Each strain has its own breeding cost, which starts at 1000 STRAINZ. At breeding time, the breeding costs of both parents get doubled, so it will get more and more difficult over time to produce new ones. The resulting child will have a growth rate which is depending on their parents’. + +All Strainz and other NFTs on Binance Smart Chain can be traded freely on the marketplace. To incentivize STRAINZ growers, 2% of each Trade gets burned in STRAINZ coins, and the seller receives 98% of the buying price.. + +Visit Medium articles for all the technical details: [https://strainz.medium.com/](https://strainz.medium.com/) + +CG has been applied for, with CMC being next. + +**Audited by Obelisk.** + +**Transperancy hub, a blog where each new step is dissected and recorded:** [**https://blog.strainz.tech/**](https://blog.strainz.tech/) + +* Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=BNB&outputCurrency=0x18fcd272fcbb41cf048c89695dfeb6a8d298beb1](https://exchange.pancakeswap.finance/#/swap?inputCurrency=BNB&outputCurrency=0x18fcd272fcbb41cf048c89695dfeb6a8d298beb1) +* Website: [strainz.tech](http://strainz.tech/) +* Twitter: [https://twitter.com/StrainZ\_NFT/](https://twitter.com/StrainZ_NFT/) +* Telegram: [https://t.me/strainz\_chat](https://t.me/strainz_chat) +Net* credit. + +Trying to wrap my brain around this. If I sell a CSP and the stock tanks, but I can still roll down and out for a small net credit, what is the drawback to this? Is assignment just worse in every possible way? +**UPDATE: I received this from the Board of Education (previous owners) "I am told by the previous superintendent that the yellow pipe was for natural gas. The red pipe was for fuel oil. He stated that he is pretty sure they removed the fuel oil tank years ago."** + +I purchased a 2-acre parcel at a city tax deed sale that an elementary school was previously located on. The school has since been demo'd. + +Is anyone able to identify what these 3 pipes sticking up out of the ground are? One of them is painted yellow which leads me to believe it is natural gas related but nothing in the area was flagged when I called 811 so now I am not so sure... + +Any advice would be greatly appreciated! + +Photos: https://imgur.com/a/x9eucOz +This post will provide full details of my trading style soon as the market opens at 9:30est. Charts and screener are tradingview. Broker = tradestation, linked to tradingview for trading. + +Remember, not every trade will be a win. There is no such thing as 100%. You will take losses. But the wins should outweigh the losses. + +This post will be a review of Friday, September 3rd. + +The screener: +Filters: +Price = $5-100 (I don't like trading anything under $5) +Change % = 5 +Change from open % = 5% (this one is most important. I am only interested in stocks that are running up from its 930 open price) +Volume = over 1 million (we need liquidity) + +https://preview.redd.it/kfi33yk3gpl71.png?width=2800&format=png&auto=webp&s=35fe686c5bcfc4242f38b6d2d4d7ae3786385f78 + +**Indicators:** +HalfTrend = indicator that is based on ATR. It will provide buy/sell signals. Blue = uptrend. Red = downtrend. Only take buy signals if trading above the 200 EMA. You can set up signal alerts with this indicator. +EMA = 200 + +**Review of a couple of tickers from the screener:** + +KPLT +I picked this as it was the first ticker to show up on the screener. At 9:36, the price is 5% from open and traded 1m shares. This one goes straight to the watchlist and we set up alerts for new signals. Buy signal appears at 10:01. Signal to signal = 0.54 gain. 1000 shares = $540 profit. + +5 trades on screenshot: 3 wins, 2 loses +0.54, 0.38, 0.32, (.22), (0.06) == total profit 0.96 + + +https://preview.redd.it/vo3mlj1ugpl71.png?width=2784&format=png&auto=webp&s=a005a52d34f9355962818a9210fcf4544e5267fa + +IPHA + +This ticker shows up at 12:10 on the screener + +4 trades = 3 losses, 1 win + +(0.26), (0.29), 1.78, (0.28) == total profit 0.95 + +&#x200B; + +https://preview.redd.it/10clwmaripl71.png?width=2780&format=png&auto=webp&s=507f717b56f2e271ea6689d2dd5698baa8c150ba + +Feel free to review other tickers off the screener picture. You will need to mark the opening price and the amount that is 5% higher as well as when the volume reaches 1m shares as I have marked for reference in the above pictures in order to figure out when it would have appeared on the screener. + +Each day there are different tickers to trade. I have found success with this screener and combination. I like this community. It's a well-rounded group of people from beginners to professionals and I wanted to give back/help how I can. By the way, this style may not be for everyone. I will be around to answer questions. Most importantly, don't expect to always win. Nothing is 100% accurate. +What is in their "toolbox" to address this? Currently they are using ultra low interest rate and QE to try to address their employment mandate but what if price increases become rampant while unemployment is still up. Just say full employment mandate be damned and jack up the interest rate? Or do they keep the loose money flowing and ignore the price stability mandate? What do you think? +I've heard he was good since he managed to raise literacy super high (from 20% to 93% at the end of his mandate) and industrialize China thanks to his expropiations, which was pre industrial in 1949. It's also said that the Great Leap forward was not directly caused by him, as the CCP had no intention for the people to die and Mao's power was not omnipotent nor absolute, and thus one can't accuse him of murder. + +Please, do correct me if I'm wrong. I don't know how much of this is or is not real. I know this place isn't exactly called askpolitics, but it is called askeconomics and so I'd like to know if it's true that he was good for the economy itself at least, or if I'm missing something. + +(EDIT: Just in case you want a source, here's where I read this: [https://www.reddit.com/r/DebateCommunism/comments/5qy9kd/mao\_zedong\_good\_or\_bad/](https://www.reddit.com/r/DebateCommunism/comments/5qy9kd/mao_zedong_good_or_bad/)) +I am 30 and navigating a career transition. I am drawn to the field of economics, have been told by the economics teacher at my community college that I “think like an economist,” and have been academically successful so far. To get ready for a graduate degree in economics would take me at least 2 years of math and Econ classes. I’d enjoy taking them. However, I know that mathematicians stereotypically do their best work young. Is the same true of economists? + +It may not matter so much, because if I do go this route I may get “just” a masters and aim to work in government or a think tank. I’d like to keep an open mind to a PhD, but it would be nice to eliminate an unrealistic option if you need to get started young. + +Most appreciated would be external references and citations, especially to scientific literature... anything based on fact rather than hearsay! Thank you for any thoughts. + +Edit: #JustGoogleIt. + +Found this paper, which shows that number of publications increases with age, only falling off dramatically after 69. Though who knows if that tracks with quality. I’d be curious to find a similar study that associates age at paper publication with #citations. + +https://www.sciencedirect.com/science/article/pii/S1751157715000218 + +The following paper contains this paragraph: + +"Existing studies fall into two categories reporting opposite findings. The first category is based on extraordinary achievements (e.g., Nobel Prizes), finding that these tended to occur before the age of 40 [6]–[12]. Other studies in this category, measuring the productivity of scientists instead of their “creativity”, also find that younger researchers are more productive than older ones [13]–[15]. By contrast, a different body of literature on researchers' productivity reports finding that it is the researchers in the middle of their careers and older, rather than the younger ones, who are the most productive and have greater scientific impact [16]–[21]." + +https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2603321/ +#edit 10/20: https://www.reddit.com/r/Superstonk/comments/qcbac7/update_on_the_fidelity_vs_robinhood_acquisition/ seems to be a nothingburger. + +#edit: 10/19: still no response from fidelity. + +* 9/13 I bought 26 shares on RH +* 9/16 I bought 78 shares on RH + +* I transferred 84 shares to Fidelity which SETTLED per my statement on 9/21. + +* My GME position on Fidelity now looked like this: + +Quantity:58 Date Acquired: 9/16 + +Quantity: 26 Date Acquired 9/13 + +I left 20 shares in RH as a test to see what would happen if I transferred only a portion of an order. Once the Fidelity transfer had settled I initiated my final transfer out of RH (20 shares) + +* On 9/30 the remaining 20 shares hit my Fidelity account. My position now looked like this + +Quantity:58 Date Acquired: 9/16 + +Quantity: 26 Date Acquired 9/13 + +Quantity: 20 Date Acquired ? **9/30** ? + +It's been bugging me so today I decided to call Robinhood because they now offer 24/7 phone support! ^^^^yay + +#Robinhood call: + +Nice woman, I asked why I transferred three lots from RH from two dates of acquisition and ended up with three lots with three dates of acquisition ? She pointed me to the "Trade Confirmation" and made sure that ***I knew*** that this PDF was **THE LEGAL FILE** that they send to Fidelity and that any information that I'm looking for would be in that file. We went round and round a bit because she was dodging my questions about the fact that this **LEGAL FILE** did not match the information Fidelity inserted into my account. She basically said, "It's a Fidelity issue." + +#Fidelity call: + +Nice guy, really, really, really made sure he understood what my issue was. He wrote up a letter and basically read it back to me to ensure this was the information I wanted. It was not the correct information I wanted to receive. I explained further and he had an obvious, "Ah ha!" moment. He thanked me for clarifying that and said that it's a really important difference. + +I basically asked him to compile the data that RH sends to Fidelity on the backend to complete transfers from Broker to Broker. I asked this because Fidelity statement says, I acquired 20 shares on the 30th. Robinhood's statement says I bought 78(58 + the final 20)on the 16th. I made sure that this guy understood that I specifically wanted a piece of paper that **showed** me why the Fidelity transfer processing team would put my date acquisition of my final 20 shares at 9/30 when the other transfer were dated correctly AND the fact that Robinhood not only told me but has a **LEGAL** document that the woman said is exactly what Fidelity would use when filling out my information. + +#Jacked Tits Moment: + +The guy edited the letter (since he misunderstood earlier) and then read it back to me. It sounded good and the call was basically about to end when he says, + +* "Yeaaa, I dunno why that would happen. It sounds like *maaaaaaaybe* Robinhood made a **mistake** (I swear he probably air quoted at his desk) with the information they sent to the transfer team if they wanted to censor what you received and what we received. I'm not saying anything, cause I don't know, but I can understand your concern. This is definitely a weird situation and I've got this letter written up with exactly the information you want and I'll send it to the backend team to answer everything for you.. I don't know who you'll be taking this letter to but it'll have the Fidelity header on it and you'll be set to show anyone you may, I don't know if you're gonna show anyone but you'll be set to show anyone you may want to show for whatever reason it is. " + +In my head I'm thinkin, "This guy is a fucking ape, for sure. He's just saying this so he can read my front page post and grin to himself." but he fucking said it. + +I'll have the e-mail in 1-2 business days he said. I'm fucking jacked, guys. The fact that the Robinhood woman would not stop saying the word **legal** and the fact that the Fidelity guy low key insinuates they're doing illegal shit is wooooooooooooooooboi... If this letter shows that Robinhood told Fidelity they acquired shares on 9/30 and they put on my statement they acquired shares on 9/16 then they are fucked. Trying to keep my expectations in check but just the way this guy spoke was so, "Someone finally called and asked for the right information." + +*buckle up* +I hope I am wrong here: I expect this post to get lost, downvoted by shills, or generally unpopular, even if I end up being amazing accurate, like my previous posts (see my profile). If you are reading this, count yourself lucky, as many will not. + +**Shorts are trying to push GME to 155, and DRS is making this much more difficult for them.** + +In looking at the last three cycles/pops, we start seeing a repeating pattern after each rally, where the price action consolidates lower to a target price point, before it pops again. Luckily, shorts cannot change the long term trend of higher lows. As we draw parallel channels for the tops and bottoms, we start seeing a trend. + +The white trend lines illustrate a long-running macro channel I had established months ago, and the price action continues to confirm to this larger high-level trend over months. The red and green trend lines create a channel showing the downward consolidation. + +https://preview.redd.it/soabv6lry9q71.png?width=2560&format=png&auto=webp&s=ea0e55294b2eb9cc311fde1be3f65234efce6152 + +How do we know that DRS is working? The price action is the publicly-accessible data point. If we look at the angles of each of the red trend lines, we can see that the angles since the DRS movement has drastically decreased, from -19° and -28° to -15°. Additionally, the price action volatility, also shown in the Implied Volatility (IV) of options tables, show that GME is becoming less volatile. This means that shorts have less and less ability to control the price action over time. + +https://preview.redd.it/abyok2lry9q71.png?width=2560&format=png&auto=webp&s=6f7244b91ae323d83ac961e7f10e4e739793c4ed + +In looking at the AVWAPs, we have the following supports/proper entries: + +* 02/19 AVWAP @ 175.26 +* 02/09 AVWAP @ 166.41 +* 02/02 AVWAP @ 155.14 +* 01/15 AVWAP @ 147.74 + +Currently, the support is at the 02/19 AVWAP @ 175.26. When we go below this, possibly around 10/07 or 10/08, we may see a rally to the green trend line, that defines the top of the current channel. At that point, shorts will make a renewed effort to push the price back down. + +Previously, we've seen the 01/15 AVWAP @ 147.74 touched by the price action on 04/13 05/11 08/04. However, due to the higher lows, shorts can no longer push the price levels down to this price level. As shown by the price action on 08/19, the 02/02 AVWAP @ 155.14 is the lowest they can push. + +https://preview.redd.it/2ms603lry9q71.png?width=2560&format=png&auto=webp&s=aa1d4b82e4fe236ad9f5f47bc198e530e7ac888d + +What is the target of the shorts? If we look to the right of the right, we can see that we have an intersection of three points: + +1. Red trend line of the current channel +2. While trend line of the macro channel +3. 02/02 AVWAP @ 155.14 + +This is illustrated in the blue dashed line in the chart below, where we see an intersection on 11/11. + +https://preview.redd.it/cxz9n2lry9q71.png?width=2560&format=png&auto=webp&s=400b983de1936021c95d1bddd2c6039e316ccc4e + +I believe that we will not hit the 02/02 AVWAP @ 155.14. With the pressure from DRS and apes snapping up shares in ComputerShare, shorts are fukd. At best, the higher probability is a low at the 02/09 AVWAP @ 166.41. All shorts can do is to try to keep pushing down GME as much as possible, and they are hitting a wall. If enough of us DRS our shares, they will run out of shares. Additionally, the macro environment does not support this being sustainable to November. The general sentiment is a concern for a major correction at the end of October (my guess is around 10/19), that will deplete the capital that shorts have available. + +BUY HODL DRS. This is the way. +Gas is 3.70 where I live. That’s easily 150-200 a month, and I only commute 4 times a week 30 minutes each way. + +Then there’s car maintenance. New tires, getting them balanced or rotated, oil changes, new brakes, etc etc. they all add up. + +Don’t even get me started on car insurance. + +And some people have car payments (I don’t, I have a beater) + +It’s honestly insane. Sometimes I wonder if I’ll save money if I just take the 10$ Uber every day or bike to the train instead each day and take the 1.5 mile walk to work. +Hi, fairly seasoned investor here. I've done fairly well this year (up roughly 55% YTD and actively managing my portfolio daily). Honestly, I'm a bit bewildered by all the love for tech that still exists here. To me, it's pretty obvious that from here on out, the next 40-50% gains will come from the recovery stocks, not tech. + +What do I mean by recovery stocks? Retail, commercial real estate, airlines, casinos, cruise lines, financials. + +Why? Allow me to borrow a couple minutes of your time. + +**Vaccine vaccine vaccine.** There is a widespread belief, which I agree with, that we will not have an approved vaccine available for the public to use until early next year. However, that is a dumb reason to not buy recovery stocks. The question you should be asking is: will we know that one of the many vaccines that are out there is effective and safe by the end of this year? Once we have a vaccine candidate that we know is effective and is safe, then the game is over. It does not matter if that vaccine won't be approved for a few weeks after, or won't be available for widespread use for a few months. The market looks forward. Once it becomes clear that a vaccine is ready and is coming sometime within the next 6 months, the recovery stocks will boom. + +So, when will we know? Pfizer has said that they should know by the end of October whether a vaccine is effective, and will release some data around then. If their Phase 3 data is positive, then I expect a huge rally in the recovery stocks. I expect their phase 3 data to be positive, given the positive phase 1/2 data, the cloaked positive comments in the press by Pfizer execs, and my belief in mRNA's potential. + +**Ok well even if we get a vaccine approved we don't know if people will even take it, right?**. Of course they will. Sure, there will likely be only a small cohort of brave souls initially who take it, but once they take it and find it effective and low on side effects, they will tell their circle of friends/family, some of whom will then take it themselves, and then tell their circle, etc. etc. People want someone else to be one of the first to take it, but like with many things, once they hear it recommended from their friends who took it, they will themselves take it. Also, let's not forget that we won't need 100% vaccination rate for things to get back to mostly normal, and a lot of activities that were previously restricted (like international travel) will likely be available again only to vaccinated folks, which will further boost vaccination rates and create a self-reinforcing cycle. + +**Ok but things will never fully return back to the way things were, right?** Probably not 100%, but I think 80%, yes, and much more quickly than you think. There is so much fearful talk of remote work being the way forward, and that no one wants offices anymore, and why would you ever travel for business again. I think this is all blown WAY out of proportion. For God's sakes guys, this is the way we've been doing things for many decades. People's habits won't just change on a dime like that because of a 9-12 month situation that is temporary. People will still want to see each other face to face, people will still go to offices, etc. I mean, I work remotely for my job, and it sucks. Meetings are confusing, I find myself procrastinating and not being nearly as efficient/productive as I was when I was in an office, team cohesion is down. Many employers do not like remote work because productivity is decreased significantly, and it's employers who will set the policy. Now, sure, maybe we have more remote work than we did before. Maybe it's an option for some people, maybe you work 1-2 days remotely per week or something, fine. But I don't think this justifies a 300-600% run up in some of these work from home stocks, and I expect to see those absolutely crater once we have a vaccine. + +**Ok, but the stock prices of these recovery stocks won't return to normal for quite a while, right?** Not only will they, but they'll surpass their previous pre-covid levels. Why? The Fed, and short covering. The Fed has inflated the prices of all the 'hot' stocks. PTON, ZM, FSLY, etc. all have had huge run ups because tech was hot, and people had a lot of money to invest. Once the recovery stocks are hot, they will be inflated too. The Fed has committed to keeping rates low for at least another couple years (due to wanting inflation pegged at 2%), so rates will be low even after we have a vaccine. Short interest in some of the recovery names are also quite high, so short covering will drive these stocks even higher than you'd expect. + +**Ok, but, a second wave is coming, right?** Probably, but a second wave at this point should mean nothing to recovery stocks. It's all about the vaccine. If a vaccine is shown to be effective in November, but we get hit with a second wave in December, who cares? Yes maybe these companies will have 1-2 months of pain, but again, the market looks way forward, and once you have a vaccine, the light at the end of the tunnel will be blaring, and you'll ignore the bumps on the way. + +**Ok, so why not just buy the recovery stocks when/if they come out with positive data?** Yeah, you could I guess, if you're a very risk averse investor or not totally convinced. However, I would not be surprised to see some of the more hard hit recovery stocks up by 15-20% after positive vaccine data (for example, ALK was \~$65 pre-covid, but is now at \~$38. If a vaccine is shown to be effective tomorrow let's say, I don't think it'd be unreasonable to see that stock shoot up to $44 pre-market). Even then I'd still expect more upside though, so I'd be a buyer there. However, I'd personally prefer to cash in on those 15-20% gains as well as the future upside, which is why I'm a buyer here. + +**Ok, well, what are the risks?** The risks are mainly around a covid vaccine not being effective or being unsafe. If that happens, then recovery stocks will take a serious beating. You also may see some short term pain if covid cases jump before vaccine data is released, as some folks/algos in the market take that as meaning 'sell recovery, buy tech'. Also, make sure you buy companies with very strong balance sheets, as if there are any unexpected bumps in the road with a vaccine, you don't want to be stuck with a company you're worried about going bankrupt. + +**I would really really appreciate feedback on this.** I'm investing a lot of money in these stocks, and am by no means blind to the risks. I would really love hearing from everyone here about the things I missed or am not considering. If you have something I'm missing, and can potentially save me many many thousands of dollars, please please take a few minutes and just share that comment here. Thanks for your time reading this! +What are some dividend stocks you are holding ? And how much are you making from them ? I’m not new but still learning . I got a free Sirius xm radio stock from robinhood and didn’t even realize it was a dividend . Now I’m trying to get some more of them . +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. 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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/ywAGqfUAQE) +OG post here : https://www.reddit.com/r/Superstonk/comments/n5m55i/naked_short_selling_and_owning_the_float + +A couple weeks ago I mentioned that I am writing a DD on naked short selling. I am still writing this DD, but part of my research I found an example of a company where the entire public float of a stock was purchased by one investor and what happened. + +I figured I would post this part now as my bigger DD is taking longer than I hoped and the more rabbit holes I go down the more and more information I keep adding....any way here is an excerpt of my short selling DD yet to be published: + +# What is Naked Short Selling? + +# In a naked short sale, the investor identifies a stock that is overvalued and likely to decline in price. + +Unlike a typical short sale, however, the investor then sells shares of that stock that he does not own or borrow and does not intend to own or borrow. + +Naked short-selling is “make believe short-selling. In the same way kids play doctor without the medical equipment, naked shorters sell unborrowed stocks, stocks that no one has borrowed and possibly never will.” + +How can an investor sell stock he does not possess? + +Enter the role of the Depository Trust & Clearing Corporation (“DTCC”), a financial services company that clears and settles securities trades and provides custody of securities. + +The DTCC processes most of the securities transactions in the United States, which amounted to over **$2.15 quadrillion (yes, thats 15 zeros!)** in 2019. + +The DTCC’s mission is to provide an efficient and safe mechanism for buyers and sellers to make their exchanges without the burden of exchanging paper certificates every time a stock is traded. + +The DTCC is not a regulatory body, however; instead it is overseen by the Securities and Exchange Commission (“SEC”). The SEC requires that investors complete, or settle, their securities transactions within three business days of the sale. If the seller does not deliver the stock certificates to the brokerage firm within this **“T+3” (trade date plus three days)** period, the DTCC issues a “fails to deliver” (“FTD”), which is the securities equivalent of an “IOU.” Although they are not perfect substitutes for real shares of the issuer’s stock, these FTDs have economic value to the buyer whose account is credited with a long position. + +The naked short sale takes advantage of a system that allows a transaction to occur, and all moneys to be paid, before delivery occurs. A stock sale can be processed and affect the share price, but **the delivery portion of the transaction may never occur**. + +Market players merely trade the FTD and in the short term, at least, the shares are not missed by anyone except, perhaps, the DTCC, which maintains records of delivery obligations. Meanwhile, broker-dealers and banks credit customer accounts prior to the delivery of the securities, which may never arrive. **The result is that a share of stock can be duplicated, sometimes multiple times, and can be owned by** ***multiple investors.*** + +# Why naked short sell? + +The shorties subscribe to the theory that it is much easier to make money tearing companies down than making money building them up and they fall into two general categories: + +1. They participate in the process of producing the counterfeit shares that are the currency of the fraud +2. They actively short and tear companies down. + +The counterfeiting of shares is done by participating prime brokers or the DTCC, which is owned by the prime brokers. + +The identity of the shorts can sometimes be elusive as the shorts obscure their true identity by hiding behind the prime brokers and hiding behind layers of offshore domiciled shell corporations. Frequently the money is laundered through banks in a number of tax haven countries before it finally reaches its ultimate beneficiary in New York, New Jersey, Chicago. + +Some of the hedge fund managers who are notorious shorters are very public about their shorting. + +I also found this snipet: + +>One short hedge fund that was particularly destructive was a shell company domiciled in Bermuda. Subpoenas revealed the Bermuda company was wholly owned by another shell company that was domiciled in another tax haven country. This process was five layers deep, and at the end of the subterfuge was a very well known American insurance company that cannot be disclosed because of court–ordered sealing of testimony. +Most of the large securities firms, insurance companies and multi–national companies have layers of offshore captives that avoid taxes, engage in activities that the company would not want to be publicly associated with, like stock manipulation; avoid U.S. regulatory and legal scrutiny; and become the closet for deals gone sour, like Enron. + +I might get into this in another post. + +# Wheres the proof of this?🚀🚀 + +Global Links Corporation is an example of how wholesale counterfeiting of shares will decimate a company's stock price. This leads us to the [Case of Robert Simpson’s Sock Drawer.](https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist) + +By early 2005 a company called Global Links Corporation stock price had dropped to a fraction of a cent. At that point, an investor, Robert Simpson, purchased 100%+ of Global Links' 1,158,209 issued and outstanding shares. He immediately took delivery of his shares and filed the appropriate [forms with the SEC](https://www.sec.gov/Archives/edgar/data/949728/000101540205000967/doc1.txt), disclosing he owned all of the company's stock. His total investment was $5205. The share price was $.00434. + +Simpson claims he placed all of the shares in his sock drawer and then watched as over sixty million Global Links shares traded OTC over the next two days, the equivalent of every share in his sock drawer changing hands **approximately sixty times**, a physical impossibility suggesting that the shares being traded were phantoms created by naked short sellers. [Bloomberg transcript on the matter.](https://www.sec.gov/comments/s7-08-08/s70808-145.htm) + +# My speculation + +I 100% believe that retail owns the float and then some. With GME consistently reported as the number 1 traded stock by nearly every broker in every country around the world it is my belief that retail own over 100m shares. I base this on there being 6m apes with 16 shares each. You think this is too many apes? How about 3m apes with 32 shares? Now that is realistic. Heck we could go to 1.5m apes with 64 shares. Just knowing how many I have and seeing what has been posted position wise, this average is not our of the realms of possibilities. I have no proof. This is just my educated guess based on the numbers that I can see. + +The shares we see trade now are created on the spot by MM to provide liquidity. And this is why the volume is so low. The HF know this and that every share sold now is one that needs to be covered, so they are doing their best to keep the volume down. + +TLDR - brrrrrrrr +Apes. A ***CRUCIAL*** regulatory ruling has been just signed by the DTC, and will be implemented no later than 20 business days. That means May 24th is the latest day this could be passed if we are starting the count tomorrow 4/27. + +The DTCC is basically covering their own butts with this ruling, but the good news is that this means the squozazzle is imminent. + +&#x200B; + +https://preview.redd.it/lxtvu4v1dlv61.png?width=680&format=png&auto=webp&s=fab47ac437e0aafc65de12f83759425d18f9a3eb + +**TA;DR: This increases minimum fund deposit requirement for each member from $10,000 to $250,000 IN CASH. This is to mitigate the risks NSCC (DTCC) is exposed to when members get liquidated because of defaulting (margin call). In other words, NSCC is requiring EVERY member to throw $250,000 in cash to cover for member defaults. LOL.** + +**Addendum: NSCC can look at Members' portfolios and decide if the Required Fund Deposit amount needs to reflect the risk.** + +**Addendum 2: it is 20 days after the Commission (SEC) approves it. Sorry, just learned to read last week.** + +&#x200B; + +https://preview.redd.it/xn0zn5v4dlv61.png?width=1394&format=png&auto=webp&s=6e0bde4aa350451156179d38a77b07d9f8123823 + +&#x200B; + +HOLY SCHMUCKS. JUST CHECKED NSCC MEMBERS DIRECTORY. THERE ARE 3440 MEMBERS! + +3440 \* $250,000.00 = **$860,000,000.00.** This is just from the members putting in more money, not counting all the assets short positioned hedgies have. + +&#x200B; + +https://preview.redd.it/7uxpl1zdelv61.png?width=960&format=png&auto=webp&s=84ea04afb89cac518c54b0210a448277735e251d + +It gets better: NSCC does tests that calculate the members' risks by analyzing their portfolio. **"each Member's Required Fund Deposit would continue to be calculated with the same parameters and at the same confidence level for each Member. Therefore, Members that present similar risk, regardless of the type of Member, would have similar impacts on their Required Fund Deposit amounts."** + +I think this means NSCC can increase the minimum fund if their portfolio resembles something of Billy Hwang's. + +&#x200B; + +https://preview.redd.it/0l4n0nolglv61.png?width=1402&format=png&auto=webp&s=bf92c1794726827426a47577e8cd6b6718cbbceb +For some background on this situation, I'm a younger pilot in (what would currently be, thanks 2020) the prime of my career. Like many, I've been jobless for months now with very strict financial discipline to get through this insanity. The job I had prior to being furloughed was based in another state, other than the one I reside in. Am collecting unemployment from that state. I've had a checking account with JPM/Chase for nearly fifteen years from which I manage all my cash transactions. + +In the middle of September, I'm jarred awake at around 0430 by an alert from Chase warning me that there was suspicious activity on my account that requires my immediate attention. Not fully conscious, I pop open the Chase app and login to my acc- "your credentials are invalid and/or this account does not exist" + +***I'm very much awake now.*** + +I open up my email inbox on my phone to review the email that alerted me, looking for signs of possible phishing. Looks legit. I stumble over to my computer to attempt to login to Chase through a browser and am met with a similar message concerning the quantum state of my account. At this point, the little evidence I have leads me to believe I'm very likely being robbed in real time. I look back at the email again and see there's a 1-800 number attached. I quickly verify the validity of the number with the one listed on their site. It's legit. So, I give them a call. + +Once I'm connected to a human being, I explain the situation in hopes that I can get this cleared up with enough time to get back to sleep. The CSR informs me that my account is currently restricted and that I'd be transferred to their loss prevention department for further details. At this point, I'm now approaching a bit of a panic. But, I stay cool. Once I'm connected to a very cordial representative in loss prevention, I validate my account and identity. The clickity click of their keyboard eases me slightly. Just keystrokes away from resolving this. Lo, the rep's tone shifts dramatically into something fairly hostile, "Sir, your account has been restricted due to fraudulent activity. All payments associated with this account will be halted." *My rent. My insurance. My utilities.* "... Any remaining funds in this account will be sent to you via check within ten business days and the account will be closed. Chase will no longer be doing business with you now, or in the future." My ears are ringing. + +"Ma'am, I'm fairly certain that whatever fraudulent activity you're referring to might be because another person gained access to my account and I'm trying to resolve that before the issue gets worse. Why are you closing my account?" My mouth is insanely dry. + +"We have that right, sir. Do you have any further questions?" + +"Do I have any further ques- What the hell is going on?" + +She repeats her script. When asked what fraudulent activity would have violated the account, she reminds me that no explanation is needed. OK, time to get a grip on this. "So, there is a check that's being sent out with the funds from that account to my mailing address?", "Yes." I have her verify the address to again ensure that I'm not being digitally mugged. Checks out. + +*Something is wrong here.* + +I resign the idea that I'll be getting back to sleep and wait for my closest branch to open up. I drive over there with my documents to verify my identity and account, sign in at the lobby and wait. A teller calls on me and we convene at her desk. We have a friendly exchange and I briefly explain my morning to her and ask how this issue can be resolved. When pulling up my account details, she informs me that my account has been restricted, indicating that she didn't even listen to me. According to her terminal screen, she needs to call a specific number for support on the matter. She does so and certifies her ID with the person on the other end of the phone. The teller then intently listens to the call, nodding with an occasional "OK.", "Right." My eyes itch. Finally "Alright, I'll let him know. Thank you." She hangs up and turns to me with a new sharper tone, nearly verbatim recites the same patronizing poem about how my account is associated with fraudulent activity. Account closed. No more business with Chase. Check is in the mail. Good day. The rapid shift in blood pressure makes me light headed. + +Luckily, I had a check and a good chunk of cash that was able to seed a new checking account with another bank later that day. All was not lost. I spent the next 48 hours updating every account payable with this new information. Even while doing so, I'm bombarded with notifications from various services notifying me there's a problem with my payment method. This is a nightmare, but at least this can be patched quickly. The shock of the matter starts to wear off and the adrenaline crash associated with it crushes me. It's over, I'll get the money in the mail. It'll be fine. + +It's now early October. Even though I've spent every day checking my mail box for a certified parcel from Chase, sometimes twice a day, it has yet to materialize. Nearly three weeks. USPS is messed up, but this still doesn't feel right. So, I nut up and call Chase again. I fast forward through the pleasantries to get connected with their loss prevention team. Once connected, I let them know that I know the account is restricted but have yet to receive the check. "You haven't received the check?" She asks, stalling. "That's correct. I was told on \[the specific date and time\] that a check would be sent that day and would take at most ten business days to get here." She asks to place me on hold. I put the phone on speaker to wait while I make a pot of coffee. Twenty minutes crawl by before she comes back on the line and informs me that there was not a check written. + +***"Excuse me?"*** + +"Yes sir. Currently with the account being restricted, no transactions can take place on the account and that includes checks." +"But the account is closed. They told me this much nearly a month ago." +"Oh, no sir. The account is not closed, but the funds are effectively frozen." +"So, now what. How do I resolve this?" +"There are two separate direct deposits that appear to be from the state of \[State of furloughed job\] that show a possible trend of fraudulent activity." +These payments she's referring to are exactly what you think they are: unemployment insurance payments that have become the lifeblood of whatever resembles financial survival this year. Payments that I had been receiving since March. + +I'm then told that the best way to resolve this is to bring supporting documents to a branch, and have an employee submit them to their department for confirmation. I explain to her exactly what those payments are and briefly list off the exact dates those deposits were made (read from the state's website) and she confirms it. I can hear the realization of what is happening in her responses that the situation is now quite a drastic departure from one that paints a picture of a proud bank dealing with an apparently spontaneous felon. + +The next morning, I walk into a Chase branch with copies of my application for unemployment, monetary determination and complete payment history. I engage a teller to notify a manager that I need their time. The manager greets me kindly and seats me in her office. I brief her on the situation and as I move from event to event, the look on her face darkens. She already knows the punchline, but I deliver it anyway when i render the documents. We both spend some time on the phone with loss prevention who is manually reviewing the documents while we wait. One hour later, the voice on the other end of the phone asks to speak to me directly. I pick up the handset with a glove. + + +"Firstly sir, on behalf of Chase Bank I'd like to apologize to you for this event." +*Yup.* + +"Your account restriction is lifted immediately and the full amount of the account will be credited back to the account within four business days. Do you have any questions for me?" + +My first query is probing what specific state/federal regulation and/or JP Morgan Chase policy my account violated. +"None, sir." + +My second question was identifying if the state flagged the transactions and the bank responded to that flag. +"No sir, the state did not notify us of any fraudulent activity." + +"So we're clear, Chase unilaterally made this decision without any input or conference with the state?" + +"That's correct, sir." + +That's enough for me. I hand the phone back to the manager and start to pack up my things. The manager hangs up the phone after some closing words with the loss prevention associate and asks me if she can help me in any way. I think her sympathy overstepped her professional courtesy, but I gave her the benefit of the doubt and moved on. + +"No ma'am. Thank you, but I don't believe I'll be doing any business with Chase now, or in the future." +Hello Thetagang! Apologies in advance for the glib title - and the length of this post - but I hope to demonstrate a potential strategy of the highest quality. I would appreciate both positive and/or "constructive" feedback from the gang. + +Typically, the type of 0 DTE strategies I've seen are both pretty sus - they are either: + +1. "OMG premiums on OTM Puts on \[Garbage stock x with 500% IV\] are through the roof for tomorrow!!". No good. There's a reason (or many reasons) why premiums are high, and, as we learn over time, it's better to avoid this type of setup. People often reiterate here that Theta strategies and/or the Wheel specifically should only be run on quality underlyings that you would like to own. Not the meme junk. +2. While not always ZERO DTE - often 2-3 DTE instead - there are other strategies that typically involve selling a far, far OTM Put Credit Spread. I forget his handle but EarlyRetirementNow and others featured on his blog have used this strategy, and typically it involves collecting a very small credit against a very large max loss for an index like SPY or SPX. So no meme stocks, but these strategies have major risk anyways - like risk $1,000 in collateral to collect $35 in premium. You have to scale it up to levels that a major move against you is going to hurt. Not saying this can't be a successful strategy, but (1) it requires large amounts of capital, (2) it requires a fairly extreme tolerance to risk - and the ability to tolerate heartburn - because a small credit can turn into a big loss when the market moves against you. It relies on picking up lots of small credits that over time are greater than the sum (infrequent but major) losses. + +I've also played around a bit with strangles and/or straddles on 0-3 DTE options, but it always feels so much like running the razor's edge, at any time you could swing to a 200-300% loss, which you either have to eat with a stop-loss or let it ride and hope for the best. Also not great. There's huge gamma risk, little upside and massive downside. + +I present to you instead a 0 DTE strategy that converts the characteristic of having so little time until expiration from a risk and liability to an asset: **the Double Ratio Spread, aka The Batman**. This is not as simple as The Wheel and may sound fairly complicated to the noobs out there. But it's really just a naked strangle plus two debit spreads (one PDS, one CDS) - which ultimately has a much better risk profile than a similar short strangle. Allow me to explain and walk through various points of consideration. + +# The Setup + +Here's how it might set up today, using pre-market options pricing on SPY (2/7) - using \~**$449** as the approximate ATM price (which is changing due to pre-market trading, but best kept static for this explanation). Note that I drafted this prior to market opening so obviously the prices have since changed. **\*\*\* ETA: The Below Numbers have been updated to shortly after market open using my trade this AM.\*\*** + +**Ratio Spread 1 (Call Side):** + +* ~~But One Near-ATM Call: $451 strike = debit of $1.18~~ +* ~~Sell Two Slightly-OTM Calls: 2x $453 strike = credit of .59x2 = $1.18~~ +* But One Near-ATM Call: $451 strike = debit of $1.00 +* Sell Two Slightly-OTM Calls: 2x $452 strike = credit of .67x2 = $1.34 + +**Ratio Spread 2 (Put Side):** + +* ~~But One Near-ATM Put: $447 - debit of $1.96~~ +* ~~Sell Two Slightly-OTM Calls: 2x $445 - credit of .1.33x2 = $2.66~~ +* But One Near-ATM Put: $447 - debit of $1.09 +* Sell Two Slightly-OTM Calls: 2x $446 - credit of $0.80x2 = $1.60 + +**Net Credit Received: $0.85 (\*updated)** \- all from the put side in this example, as the call side credit is equal to the debit. This is particular to the example I chose, but in general the put side credit is greater than the call side credit - although the call side credit can be there if setup that way. + +**Max Profit**: The credit received *plus* the max profit potential from the embedded debit spreads, which would occur if the SPY price moved right to one of your short strikes (e.g. $452 or $446), and results in your debit spread achieving max profit but without incurring any ITM losses on your short options. Since our Debit Spreads are each $1 wide, this is a $100 max profit for each. SPY can't ultimately land at BOTH $452 and $446, so you can only win on one debit spread (in theory - but see below). Thus, $1 + $.85 = $185. **(\*updated)** + +**Max Loss:** Technically unlimited, as you are holding an uncovered call at $452 strike (about 20 delta) and an uncovered put at $446 strike (about 30 delta). I didn't take the time to make this completely delta neutral, but you could slide the put side strikes down one each to make it close. As I will show with trade management, my theory is that this trade can be managed to effectively reduce or entirely eliminate losses. + +Before moving on, I think it would be helpful to compare and contrast this Double Ratio Spread/Batman as against a regular Short Strangle. *Compare*: + +**$452 call / $446 put SPY Short Strangle** \- e.g. just selling 1x short put and 1x short call at the same strike as the short strikes in the above - also at 0 DTE. + +* Total credit received = $147. **(\*updated)** (The Batman collects *less* upfront credit in exchange for *greater* max profit from the embedded debit spreads). +* Breakeven = $444.53 on the put side, and $453.47 on the call side. (Batman has Better Breakevens at $444.15 and $453.85). Thus the Batman has about $.38 more cushion on both sides. +* Max Profit = $147 for the Short Strangle vs. $185 for the Batman. + +**So far, this has just been a basic comparison as between a double ratio spread and a short strangle - so what is the benefit here of going to 0 DTE?** It's all in the way it allows you to manage the trade, without having to go overnight. + +It's might useful to think about how a regular Short Strangle (for any DTE) might perform in practice. Often, what can happen is that the credit received/initial trade price very quickly moves against you and becomes more expensive to buy back immediately after being sold. Sell at $192, but then the trade price moves to $204 and then $225 and on and on, never providing you an opportunity to buy back at a profit. So we have to wait, and hope the price to buy back the trade goes down (whether it be hours in the 0 DTE context or days in another context). Or we roll. Even if the trade does return to profitability, the waiting extends the trade time (and ultimately reduces ROC). The worst case scenario is that the Credit Received (e.g. $192) is the lowest cost of the trade - e.g. it never get better. You are never in the 'profit zone' and instead left in the loss zone, wondering whether to close out the trade for scratch, for 1x loss, 2x loss, 3x loss, etc. + +In comparison, the Batman/Double Ratio Spread has a "profit zone" on both sides of the current share price - at each ear on the Batman. Which means that, before moving to a net loss, the trade ***must*** necessarily move past one of the Long options and through a zone where the entire trade can again be sold for a credit - adding on to the initial credit received. I call this "**The Gauntlet**." (Yes I like the naming of things). + +# Gap Risk + +So where's the risk? It's all about dat gap. The risk is that the share price shoots either up or down, past your short strikes, past your breakevens, before the trade can be closed for a further credit (on top of the initial credit) when one of the Long options is ITM. We can *avoid* the Gap Risk by doing the following: + +1. **Using only 0 DTE**. By going to 0 DTE, we can eliminate or reduce the biggest (only?) risk in the Double Ratio/Batman - the gap. Most gaps occur overnight. When the market bell opens, the share price could have jumped past your short strikes, past your breakevens and put you at a loss - without ever having the opportunity to close your trade in the profit zone aka the Gauntlet. The only way for the trade to run the Gauntlet and for you not to be able to close for additional credit would be with an overnight gap. But with 0 DTE, we avoid this overnight "gap" risk. +2. **Using only highly liquid indexes (and not stocks)**. I'm talking SPY/QQQ and nothing else. (Even better, if you can support it, would be SPX for the 5x weekly expiries, and all of its other benefits). There is a risk with any single company that the share price could gap heavily. What if Elon Musk got pulled over for a DUI at 12:45pm? TSLA is going to gap down, hard, as soon as the market makers sniff the police radio. In contrast, even on very red or very green days, it would be extremely unusual for a broad index to gap in a way that skips 3-4 strikes in a matter of seconds. If you look at daily graphs, these indexes might swing 5 points over the course of 20-30 minutes when moving particularly violently. Outside of a "Putin Nukes Kiev" type scenario, I just don't it happening where it just gaps - but if it did, we'd be up the same shit creek without a paddle as if we had sold a "regular" short strangle, or a short put. +3. "**Stop Loss**" **order** \- We can set up a stop loss order (sometimes called a stop profit order, since it locks in your losses) but unlike a stop loss order on a Short Strangle (or short put), rather than Stopping our Losses at 2x or 3x the initial credit received, the Stop Loss order for this trade is actually a "**Keep Profit**" order. We set up a BTC order right after opening the initial trade, to collect an *additional* credit when closing the trade - e.g. a portion of the ITM debit spread, if the share price moves past one of our long options. Typically, a ratio spread would be managed at 50% of max profit - e.g. 50% of the initial credit received *plus* 50% of the max profit from the debit spread. Here, we close for profits before we have to stop for losses. + +# Fill Risk + +**One other risk: Getting an order fill.** We've got 6 total options here (2 long, 4 short) so getting an order to fill may be difficult. How difficult? I'm not sure. This risk can be mitigated in part by using highly liquid indexes and near ATM options, which are just a few pennies wide at most and typically have Volume in the tens-of-thousands. + +But we can go even further to reduce this fill risk: Setup the "Stop Loss" or "Keep Profit" orders *separately* for each side of the ratio spread - so two closing order. This cuts down on the total number of options needing a fill at one time from 6 to 3 (so the same difficulty level as filling a single ratio spread). It also allows us to - potentially - "double dip" the max profit without incurring any additional risk. It would be possible (although not likely) for the underlying to move one way, e.g. to move our Long Put ITM, allowing us to close at 40-50% of the max profit on one of the debit spreads, and then later in the day to swing to our Long Call to ITM, allowing us to close the other debit spread at 40-50% of profit as well. + +# Trade Management + +Wait for the first 5-10-30 minutes after market opening to allow the algos to settle down. Then try to very closely pin the underlying share price with long options that are close enough to the current price that we can still sell 2x short options 1-2 strikes further away for a net profit. + +Immediately after entry, enter two closing orders, one for each ratio, at approx. 40% of the width of one of the debit spreads (each of which should be the same size) - rather than at 50% of max credit. Since the profit target is only a portion of the max profit on each side (e.g. max being 100% of the width of the debit spread), we should be able to get a closing order fill *before* the share price has an opportunity to move beyond our short strikes and past our break even. This is because, as the share price moves past the midway point in your debit spread, you're actually selling it back for less than market value. E.g. the debit spread will move to 75%, while you have a closing order to sell it at 40%. Eventually the debit spread moves to near 100% profit, and you've still got an order to sell it at 40%. The share price keeps moving, past your short strikes, and your profit from the debit spread starts to reduce by the amount your uncovered short strike is now ITM, but it hasn't yet hit your breakeven. It's coming down the mountain - or down one of the Batman ears. It's still at 75% profit, now on the way down, and you've still got a closing order to try to fill at 40% profit. My reasoning here - by setting up a closing order for 40% of the max profit of the debit spread, we leave cushion to give back $0.10-$0.20 on the fills for the other legs. At some point - either on the way "up" or on the way back "down" either Batman ear, it *should* get a fill, even with a fast moving market, because some algo is going to snap up the closing order and bank the money you left on the table in exchange for giving you a fill. + +Finally, there's no additional risk in closing just one side of The Batman - so long as you close the entire ratio and not just the spread - since you will no longer have any exposure to that side. For this reason I think it is preferable to close out (either one side or the entire trade) as an entire ratio and not just as a spread, *and* to close out prior to max profit. This is obviously open to improvement - maybe 50% of max spread profit, or 75% of max spread profit, is better for the closing order. + +Note that the more typical way to manage a ratio spread is at 50% of max profit - which would be necessarily *higher* than merely 40% of the debit spread max profit. I am adjusting this slightly for the reasons discussed above related to fill risk. + +Further, note that if by some scenario the share price does gap past your shorts, there is always the option to roll out and roll up or down for additional credit, because this is ultimately an undefined risk trade. Doing so would collect additional premium and further improve our breakevens and give us some more time - but would obviously destroy the 0 DTE aspect here and make us vulnerable to overnight gap risk. + +**Gamma Risk**: This trade takes gamma risk - which is a problem at less than 21 DTE and is massive at 0 DTE - and uses it as an advantage. When the share price moves from OTM with respect to one of your long options, to make one ITM long option - you experience a massive change in value since gamma is working in your favor. If the share price moves even more, past your short options and your breakevens, you are now in the same position with respect to gamma risk as you would be on a regular Short Strangle at 0 DTE - e.g. massively exposed. But again, since the share price must run the Gauntlet before you feel any pain, first gamma works to your benefit before it hurts you. We simply have to close out before gamma changes against us. + +**Most likely scenario**: Assuming that the underlying share price stays range bound, within our Ratios and never moves one of the long options ITM (or not ITM enough), we just set a closing order to buy back the trade at the end of the day for a small debit, e.g. $0.10-0.20. So we close it out and repeat. $69 initial credit (minus $10 for close and avoid pin risk = $59) on the approx. $6,500 margin requirement (Noting that I have Portfolio Margin) isn't massive but works out to an insane annual rate: it's about a 1% return on margin for the day, which if replicated 3x per week and 50 weeks per year is an insane 136% annual return. That's without considering (i) 5x weekly options on SPX and (ii) the possibility of selling the trade for further credit. + +**Theta:** Since in this trade we are net sellers or premium, theta works in our favor. Specifically, theta is equal to the credit we receive when opening the trade - in this case, we are net 69 theta - the entire credit since we are at 0 DTE. In practice, it's a bit less than that, because we will close out a range-bound trade for a small fee to buy back at $0.10-$0.20 before the end of the trading day. In comparison, a more typical short strangle at 30-45 DTE and at reasonable deltas might bring in something like 25 theta for SPY. + +# Conclusion + +In summary, I think this 0 DTE strategy has significant potential - but please note I am *not* experienced in trading this strategy! For now it's merely a thought experiment: essentially it's a Short Strangle (which I have traded fairly often), with much better risk profile. In exchange for a slightly lower initial credit, we get: greater potential max profit, wider breakevens, and, in theory, a potentially bulletproof "Gauntlet" of profit from the embedded debit spreads, which should allow us to close the entire trade (or one-half the trade) at an additional credit / further profit before it ever incurs a loss. In most scenarios, this trade just collects less initial premium than the Short Strangle - assuming that neither long option moves to ITM. That's the price we pay for greater potential profit. But we also get, at least in theory, by operation of the long strikes and BTC orders - the ability to avoid losses entirely - which is worth much more than simply reallocating premium vs. max profit. Yeah, it's a hassle with all the moving parts, and each leg is going to cost some fees to open and close (if you pay fees). Is it worth it? + +I now invite your responses. How realistic is it to assume that we can get a 3-option ratio order to fill *before* the underlying rips past our shorts, given a highly liquid index like SPY or QQQ? **Is there any other risk I haven't considered here?** + +**(\*updated) - I revised the numbers in the Setup using actual trade numbers after market opened rather than pre-market prices. After revising the numbers, the same arguments hold true - the Batman has better BEs and greater max profit than the Short Strangle (but the benefits are more muted than with the premarket numbers). However, these benefits are not the main reason to setup a trade in this way - the main reason is to setup the profit zones where the trade can be closed for further credit, which zones the index must pass through on its way to busting your short strikes and breakevens.** +Hi everyone, Eli Buyko here! + + +**You are an options trader and You need to put yourself at the best position to profit consistently, this is actually way simpler than you think and it all starts with your trading plan!** + +&#x200B; + +Let's go over 5 key points to create a profitable trading plan: + + +**KEY #1: My capital** + +How much money are you willing to invest in the business of selling options? Because it is a business and you need to treat it that way! +Like in any business you need to invest the amount that won’t change your day to day life, and that is extremely important! +Now what is the minimum amount to start selling options properly? In my opinion it is $5K, its enough to diversify and manage risk properly. + +If you have less than I suggest to save up bit more and paper trade for now. + +&#x200B; + +**KEY #2: Make some basic rules** + +These rules are universal regardless of your trading strategy! Here are a few of my rules, Feel free to use them: + +&#x200B; + +1. Risk no more than 5% of my account per trade: This one is self explanatory and it makes sure one trade cannot wipe my account. +2. Use no more than 70% of my buying power at once: This is because I need to have liquidity left for losses and MR increase if I sell options. +3. Have at least 4-5 small positions open at once (all uncorreletaed): With this rule I make sure bad news in one sector of the market doesn’t affect my entire account but affects only one position. +4. Little to no adjustments, keep in simple: I am against complexity because it increases the probability of losing, so I keep it simple. +5. Be safe than sorry: It is a simple rule that can save you a lot of money! If you don’t understand what is going on in the market, then don’t open any positions or exit the ones you have, can’t stress enough how this rule helps me! + +I have a few more rules that are strategy specific and you will have the same thing. + +&#x200B; + +**KEY #3: What is my strategy?** + +This is actually the least important key of them all, there are many many good strategies out there and I am sure you already have one that you like and try! If you are selling options you probably heard about selling puts, for those who don’t know you sell a put and expect the price of the underlying to go up or stay the same and let theta decay generate profits for you. + +Here’s a simple put selling strategy: + +Look at any underlying on a monthly chart and look for the MACD indicator, is it up trending? + +https://preview.redd.it/3al3vxxxect81.png?width=1874&format=png&auto=webp&s=c6bd11377cc468f1b379804e33c09556d75b789e + +If yes switch to the weekly chart and look for when the MACD will also cross and uptrend, then sell a short put and set your profit/loss targets ahead of time. + +https://preview.redd.it/w377agwzect81.png?width=1874&format=png&auto=webp&s=fe757cebeb4f6bdba1d561d0fc10573d7cf3ac5c + +This strategy is extremely simple and very profitable, its also very easy to add rules around this strategy because again, we are keeping it simple. + +My personal main strategy is a neutral one, meaning I don’t care where the price moves to profit, you can check a full breakdown here on my YT. + +&#x200B; + +**KEY #4: I need to be realistic!** + +What does it mean though? + +Well it means to set realistic goals for your trading, here’s mine: + +&#x200B; + +1. If I am consistent I will Average a 30% return on my account per year over the long term +2. I will never know everything and therefore I must keep learning this business in depth +3. It is a long and hard journey that doesn’t have an end +4. As soon as I complicate my trading, I will lose +5. And last but not least: I need to become the best loser in order to profit consistently + +This is me being realistic with myself, and it took me some time to come up with this list but it works for me! +You do the same thing for yourself, create a list of the realistic expectations in your opinion and overtime they might or might not change but as long as you create that list you are ahead of everyone else! + +Remember trading is a business, as long as you treat it that way you will do great! + +&#x200B; + +**KEY #5: I need to execute:** + +Execute my trading plan, stay consistent but try to improve along the way! And as long as you are trading you will never complete this key, but the longer you stay on it, the better your trading will get. + + +In my experience it takes at least 1-2 years of consistent trading with the same trading plan to start gaining confidence, but then the market can completely change on you and you will need to repeat this entire process over again in some form, which is a good thing because you will develop the skill of adaptivity to new markets. + + +All in all I think any trader should enjoy the journey and keep their motivation up because that is the only way to be consistently profitable! + +I hope this post was helpful and looking forward to your response 🙏 +Basically the title. + +Since, over the course of our own individual financial journey, we come through material that we might want to share with greater community here, should we have some kind of weekly thread for 'what are you reading'? + +Following are some of the examples of what I'm talking about: + + [\[D\] Machine Learning - WAYR (What Are You Reading) - Week 115 : MachineLearning (reddit.com)](https://www.reddit.com/r/MachineLearning/comments/o4dph1/d_machine_learning_wayr_what_are_you_reading_week/) + +[https://forum.valuepickr.com/t/great-articles-to-read-on-the-web/6765](https://forum.valuepickr.com/t/great-articles-to-read-on-the-web/6765) +It is easy to have a high savings rate if you make a lot of money. Curious if you know people who are high earners but have a pretty bad savings rate, and if yes what are their lifestyles like? +I imagine that the typical bankruptcy scenario would be that owners and creditors lose money, but the assets are not put on fire, they just change owners. In other words, rich people lose money. Why should the government collect taxes and give it to rich people? +Was inspired to ask by this article: http://60secondstatistics.com/asteroid-worth-10-quintilian-may-stay-out-of-reach-of-space-miners-due-to-the-cancellation-of-nasas-arm-mission/ + +I tried AskReddit but the answers were subpar. Most subpar indeed. Would this cause massive inflation? +I did the math and the things I usually spend my money on have gone up 10-20% over the past 2 years. + +Everything from food, gas, to building materials has gone up significantly. So why is the CPI only showing 2-3%? +This morning I lost my father. I am 16 years old, a junior in highschool, (planning) on going to college after high school. + +I don't know what to do, I wish I had more to help give information or key points, I'm just completely lost. + +I'm not sure if I'm necessarily looking for advice on my mother's situation, I just don't know where to start. + +My mother is currently unemployed, I have around $2k in savings. He had life insurance for 3 years pay which will give us around $350k. Were planning on setting up a college fund for my sister and I instead of a place to send roses. + +Thank you. + +Edit: I do not have a car, but will inherit one/have one to drive that is under my parent's name and insurance. + +I live in Indiana. +I was raised in a very poor family. A lot of times we didn’t have money for basic needs like food. I’m now a 24 year old adult and I’m on my own but I was obviously never taught what I should do to be financially stable let alone “wealthy.” what kind of things can I do now to learn? + +Edit: I went to college when I was 20 to pursue a degree in business. I went for 2 1/2 semesters before I lost my financial aid and was no longer able to afford tuition. Now I have 20k in debt that I really can’t afford. +FrMartin Lewis: Working from home (even for part of the week) due to coronavirus? Claim £6/week tax back on extra costs + +New 20 October 2020: Required to work from home even for ONE DAY since 6 April… you can claim tax relief for the WHOLE YEAR – worth £60 or £125 [ie you don’t need to wait until the end of the year to do this] + +https://blog.moneysavingexpert.com/2020/04/martin-lewis--working-from-home-due-to-coronavirus--claim-p6-wk-/ +We have worked out we are spending about $3000 on gifts every single year. This seems like a ludicrous amount, however my wife insists it's necessary to fit with social expectation. + +We are expected to give birthday, Christmas and holiday gifts to every family member. I have no problem spending for gifts for children. But majority of the spending goes towards adults who simply want things like gift cards. + +Is this truly an excessive amount to spend or is an expected amount for most? +Here is the live app: [https://candlestick-patterns.herokuapp.com/](https://candlestick-patterns.herokuapp.com/) + +Here is the code: [https://github.com/polakowo/vectorbt/tree/master/apps/candlestick-pattern](https://github.com/polakowo/vectorbt/tree/master/apps/candlestick-patterns) + +&#x200B; + +It has following features: + +* Supports [Yahoo! Finance](https://github.com/ranaroussi/yfinance) tickers +* Supports [TA-Lib](https://github.com/mrjbq7/ta-lib) candlestick patterns +* Allows to choose entry and exit patterns, and override candle settings +* Allows to specify signals manually +* Performs backtesting on selected signals using [vectorbt](https://github.com/polakowo/vectorbt) +* Visualizes OHLCV, signals, orders, trades and portfolio value using [Plotly](https://github.com/plotly/plotly.py) +* Displays key performance metrics such as Sharpe ratio +* Compares main strategy to holding and trading randomly +* Responsive design using [Dash Bootstrap Components](https://github.com/facultyai/dash-bootstrap-components) + +&#x200B; + +I made this dashboard to live up to the expectations that vectorbt makes possible creating reactive backtesting dashboards. The coolest feature is that it allows comparing any strategy to an arbitrary number of similar, randomly generated strategies (10-1000) in a matter of seconds to see the potential of this particular trading period. One can go further and integrate a running window to validate performance over time, but I wanted to keep things simple this time. Cheers. +I’ve been doing small investing for a while and have decent success with profits from volatility but I want to park some money where it can grow. What’s your suggestions? +The Finance Minister has announced quite a few measures for the real estate sector last month. And since then there is litrally radio silence. Any followup news on any of announcements made during the last few months? + +https://www.moneycontrol.com/news/business/rs-10000-cr-stressed-asset-fund-unlikely-to-resolve-problems-of-homebuyers-stuck-in-projects-in-ncr-4436551.html +I'm a data engineer in Italy since March 2019 when I graduated in Computer engineering. Actually, I live with my gf and I followed all the first steps of the personal finance flowchart. + +We pay home rent and I have one debt that is car loan (6 years). I'm savings 15% of my income every month and I have a retirement account with my company (2% every month). In addiction, I have 1 month emergency fund. + +Now, my gf has a job, our home is ok for us and I'm looking for more money that I can invest. I think I should to invest to myself but I'm little confuse right now because I didn't focus a goal. Let me explain... + +I come from a very poor family. I worked really hard to graduate and I don't have any money problem. I lived all my life with money problems, with some days with no food to eat. sS now I'm really happy of what I have. Now, I want to become richer for having a new home in 5-10 years, have kids and still have no money problem but these goals are very far from today so I don't have idea how to reach them. + +Sorry for my english I try my best. :) +Was a hard decision this past week, but I think there’s too much institutional acceptance and widespread excitement coming. It’s like Facebook in 2010–the way the world is about to shift this decade. Can’t help but think more laymen will be hopping on board very soon with the likes of Goldman about to offer it. + +Post-pandemic it seems like I can use Apple Pay everywhere all of a sudden. A more digital financial system is the future as we—for better and worse—march closer and closer to the metaverse. + +It’s for both libertarians and anarchists. The big banks will be a memory of boomerism at the end of my life. Fuck ‘em. + +Will be staking 1 of my 2 for the long run. Buy when others are fearful. See you all in the green! :) +Today I was checking my bills and noticed my cell phone had increased. Apparently AT&T decided to upgrade all 2GB data plans to 4GB data plans without authorization from the customer. The representative told me that it was “just $5” for double the data. + +Just a heads up to go check your bills. If you don’t want the upgrade make sure they change it back AND request a credit. In my case it was a $9 credit (partial month, and full month). If you don’t ask for the credit, don’t expect it to automatically show up. You have to ask. +For example... + +Lets say someone wants to buy a rental property and they've never done it before. This person would most likely be required to pay 25% down by the Lender due to the person being inexperienced in property investments. + +That means, for example, this person would need to put $250k down for a decent property ($1mil+). + +Unlike basic home mortgages where you could put as little as 5% down if your credit is great, the lender in a commercial mortgage will definitely not accept anything less than 20%. + +If the person has the amount, great, otherwise, they're basically at a dead end. + +Is this the reason why more people aren't real estate investors already? Or are there other factors besides the down payment that hold most applicants up? +Earlier this year I signed an LOI from a strategic acquirer for one of my businesses. It will be a bolt on for them. + +I've been working thru due diligence over the last 6-8 weeks with them and almost everything is checked off the list. We're all set to close this coming week and now I'm having second thoughts. + +This business is as hands off for me as I want. I have a dedicated but young management team that I still need to coach and guide (my primary role). I still go into the office on week days because that's what you're supposed to do. + +Over the last 3 weeks, I've had the chance to play under cover boss and interact with customers first hand without them knowing my ownership role. I was shocked how much they love this company. It's one thing to read comments in online reviews about the company but it's an entirely different experience to hear it face to face from a customer. + +I started the sale process thinking that this company was "meh" and I could replicate it if I wanted to again after my non compete was up but now I'm not so sure. I talked myself and my spouse into the doom and gloom that the business might feel if we see a significant recession and wanted to take my chips off while the getting was good. + +But after thinking thru the dedication my leadership team has shown through some recent tough times and hearing how the customers adore this company, taking the chips off the table seems super selfish and short sighted. I know the strategic will eliminate roles and create efficiencies and it bothers me some my staff will lose their jobs eventually after being so loyal to me as we all worked to build the business. + +My spouse says I've lost my passion for the company recently. It's probably true. I'm an entrepreneur at heart and as the business has matured and we've found our way and systems, there isn't anything to "figure out" and it's become boring to me. + +Oh, and adding agony to this decision, a different and well known PE group sent an unsolicited offer a week ago to use my company as a platform entry into our markets. + +I guess all that leads to these thoughts... Do you have to have passion to own your company? Are these thoughts and second thoughts just before the finish line normal? Would a platform acquisition be a more successful way for my staff to retain their roles? Ugh. Appreciate any thoughts or experiences those who have been here can share. + +Edit - thank you all for the meaningful feedback. It doesn't make the decision any less difficult but does help frame my mindset as more normal in this circumstance. +I wrote a whole long explanation and then erased it. Basically... + +My teen is day trading and doing very well($8k to over $100k in 12 months). He sticks to his “rules” and trades a bunch of times on one stock over and over and liquidates at end of the week every week. Obviously this is all worrisome, as one day he will lose focus or make a mistake. So I want him to advance his process.. + +What is the simplest entry-level set up to turn his rules/formula into an algorithm that trades a single stock solely based on the price movement? + +Based on reading wiki and elsewhere, I figure he would need: + +1) a way to pull data(api?) + +2) turn his formula into code(python?) + +3) a platform to trade accurately/timely on with his cash account of $25k+(thinkorswim?) + +4) a computer/server/program to implement to code onto the platform to make it trade(?) + +To reiterate, I’m looking for like a beginners package, that my teen could maybe do a beginners python course for 8 weeks while setting up the software and trading infrastructure, and the. Wrote the formula and implement it. Would be a great summer project that could spark a career in a decade. Thank you for your help and for keeping this simple for me!! + + +EDIT: looks like some good users have come to save the day. Sorry for reacting to the trolls that opened the thread making this a bizarro clown show to start off. Thanks for any continuing info on software, code, how to simplify everything. Currently looking into alpaca/ninjatrader/quantopian/quantconnect services, python tutorial, python .git files some have shared, python libraries numby/panda, TDA/thinkorswim, servers/AWS. +This has been an ongoing issue I've had since early March. + +My friend invited me to a really nice French restaurant for his birthday. It was only four of us, but my friend used to work there and was friends with the staff. Knowing it was his birthday, two of the servers and a manager kept coming by the table, playing around, occasionally bringing shots of alcohol, appetizers, and a birthday dessert for my friend. At the end, they danced around and presented him with a bottle of Dom and put it in front of him. My other friend and I kept glancing at each other, but my birthday friend assured us this happens every time at this place (free booze and sweets). + +To be completely clear - none of us ordered any of these additional birthday treats, nor did we even touch half of them. They were brought to us without any warning or consent. Flash forward, my friend is sick from drinking too much and we have to go. I give them my credit card and split the cost with my other two friends. They give me my receipt - $240, fine. I sign. The next morning I wake up to a second charge of $620... I never saw this receipt, I never signed anything, and I NEVER would've ordered my friend those expensive things. + +I've asked my birthday friend to get involved and it's ruined our friendship. I've been going back and forth with the staff at this place, and they're claiming my friend knew it wasn't free and that the charge is legit. I've asked for a copy of the signed receipt and they haven't delivered. I've now gone to my CC company and told them the situation, and the restaurant is still battling with me via Mastercard. Can anyone advise on what I do in this ridiculous situation? + +Edit: The manager of this place is telling all parties involved (me, my friend, credit card company) that the charge is legit and was signed for. I don't think my 'friend' did behind my back, and at one point the manager even said I signed it, but I'm at a loss of how this receipt could exist and hoping they aren't just going to provide a fraudulent signature? +Welcome back. If you're still with me after reading [**Part 1**](https://reddit.com/r/Superstonk/comments/ommfn7/blackrock_the_great_reset_part_1/?) & [**Part 2**](https://reddit.com/r/Superstonk/comments/ommfz1/blackrock_the_great_reset_part_2/?) then well done, you've got some serious stamina. We're nearly there now. + +*** +*** + +##RECAP + +(You've probably learned by now I'm useless at short TLDRs) In Part 2 I looked at how Fidelity might have caused the Jan squeezes in 21 stocks by recalling these shares after they had been lent out for years. This would have been possible if Shitadel had rehypothecated Fidelity's shares many times over, meaning those shares were propping up a tower of phantom shares far greater than their face value. The stocks which squeezed the most in Jan were the ones that had previously undergone stock buybacks or had low total outstanding shares to start with, which makes sense as both of these things hurt short sellers. GME had undergone the biggest stock buyback out of them all, so this stock seems to have been setup to hurt short sellers the most. I carried on looking at share lending and theorized that the margin call Melvin Securities received in Jan was from companies like [**BlackRock**](https://i.imgur.com/EHtH9nB.jpg) & Vanguard who still had millions of GME lent out, this could also explain why the margin call was reduced; BlackRock works closely with the Fed and therefore probably with the DTCC too, so the DTCC could have persuaded BlackRock to lower their demands. I looked at BlackRock's share lending brochure and saw they were possibly the only share lender willing to accept UST bonds as collateral, and this would have given Shitadel & Co a cheap way to start shorting stock as Shitadel owns Palafox Trading which deals with UST bonds (please reading **/u/Atobitt's** [**'The Everything Short'**](https://reddit.com/r/GME/comments/mgucv2/the_everything_short/) for more info on this). I went on to see how BlackRock did not buy many puts during the 2020 crash unlike previous rocky periods and BlackRock went on to sell $ hundreds of billions worth of stock during the 2020 crash, only to buy most of this right back a few weeks later. Both of these points suggest to me BlackRock helped dip the markets so there would be a need for emergency action, and this led to the SLR rule being relaxed, making it easier for banks to spend during the pandemic. This measure should have been used to prop up a suffering economy, but it seems the banks instead used it to further Shitadel's shorting efforts. To me this all started to seem like BlackRock had a long term plan to allow the markets to implode, but why would Larry Fink want this to happen? We'll look at that below. + +*** +*** + +##8. THE GREAT RESET + +- The Great Reset is a term that started getting flung around during the pandemic, it's the idea of building back better after the covid crisis with the goal of net-zero carbon emissions being a big part of this. We're probably all used to these kinds of ideas being thrown around without much action backing it up, but to me this seems different, there could actually be a serious plan in motion to trigger this reset and it seems BlackRock is a key player in it. [**Articles like this**](https://uk.finance.yahoo.com/news/great-reset-blackrock-fueling-120-210000214.html) suggest that BlackRock is somehow fueling a transfer of wealth worth $120 trillion to pump that money into sustainable companies: + +> Big money is turning its back on companies that aren’t conforming to one simple idea, Sustainability. And it’s fueling one of the biggest transfers of capital the world has ever seen. In fact, within a year, 77% of institutional investors will stop buying into companies that aren’t, in some way, sustainable. And the new King of Wall Street is leading the charge. BlackRock, with over $7 trillion in assets under management, says its clients will double their ESG investments in just five years. + +- I don't know specifically how this redistribution of wealth is planning to work, [**this article**](https://www.forbes.com/sites/thebakersinstitute/2020/10/26/green-lng--a-pathway-for-natural-gas-in-an-esg-future/?sh=acaa68966e92) links off that one above and says: + +> Already, more than 3,100 investors with $110 trillion in assets under management have signed on to the Principles for Responsible Investment, which supports its signatories in incorporating ESG factors into their investment and ownership decisions + +- A key term in all of this discussion is **ESG** which stands for **Environmental**, **Societal** and **Governance** and these factors are used to measure non-financial issues like pollution, deforestation, gender and diversity policies, human rights, customer satisfaction, bribery and corruption, lobbying, executive compensation and many more points showing how "good" companies are at their core. If $120 trillion gets moved from low performing ESG companies to high ones, that's a positive step that we should all be able to get behind. + +- Larry Fink has been pushing hard for CEOs to release ESG data on their companies, this year he sent [**this letter**](https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter) to CEOs, there's a lot to unpack from that letter, here's some key bits: + +Issues Discussed | +:-- | +• There needs to be more focus on long term investment strategies with a big focus on climate change. | +• Fink says, "The pandemic has also accelerated deeper trends, from the growing retirement crisis to systemic inequalities" and suggests these need to be addressed | +• Transitioning to net zero across the board will demand **a transformation of the entire economy**. | +• Investors want to invest in ESG companies but they need better information to show which companies are good for sustainability, BlackRock is committed to accelerate their data and analysis capabilities in this area. | +• Companies need to disclose a plan for how their business model will be compatible with a net zero economy | +• A standard reporting framework should be used, which will enable investors to make more informed decisions | +• BlackRock is already carbon neutral in their operations and are committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner. | + +- Larry Fink is not the only person pushing hard for ESG data to be released, [**Gary Gensler of the SEC is looking into these issues too**](https://www.cnbc.com/2021/06/23/sec-chair-gensler-is-taking-a-deeper-look-at-esg-investing-issues.html), trying to assess what information is needed from companies to confirm they comply with ESG standards. There have also been various SEC meetings about climate change recently which are undoubtedly talking about issues like this. I can imagine Larry Fink is working closely with the SEC on this. + +- Furthermore, BlackRock has recently changed their [**Aladdin system to include a climate module**](https://www.finextra.com/pressarticle/85245/blackrock-unveils-aladdin-climate-module) to help track which companies are doing well on combating climate issues. To me this reiterates that BlackRock is taking this issue seriously. + +- [**This article**](https://www.pioneerspost.com/news-views/20210618/capitalism-working-slowly-says-blackrock-s-larry-fink) talks about moving towards net-zero carbon emissions and has a quote from Fink that I like: + +> "One of the most beautiful things about finance is that if finance understands a problem, that problem is brought forward. We are seeing asset owners moving more capital into more sustainable products and investments." + +- To me that shows big money is finally taking this issue seriously. If there's a plan in motion to transfer trillions of dollars to sustainable companies, surely the US government would be commenting on this too? But no, they seem very quiet on this front. Many articles are saying they're waiting for action from the current government, with barely anything being done towards this so far. But [**this article**](https://thehill.com/opinion/energy-environment/528482-john-kerry-reveals-bidens-devotion-to-radical-great-reset-movement) says that last year John Kerry (currently serving as the first United States Special Presidential Envoy for Climate) firmly declared that the government will support the Great Reset and that **the Great Reset "will happen with greater speed and with greater intensity than a lot of people might imagine"** + +- I may be getting too tinfoil again, but surely you can see how that could be seen as a reference to the MOASS? i.e. The government knows the markets are fucked so they let the MOASS happen, we all get our tendies (happy days) then there's a lot of rebuilding to do, they start by pumping a load of money into ESG companies and get the ball rolling. [**Articles like this**](https://www.theguardian.com/business/2021/jan/26/asset-manager-blackrock-threatens-to-sell-shares-in-worst-climate-polluters) show how BlackRock is threatening to pull money out of the worst polluting companies, I believe that the MOASS will be the perfect time and excuse for BlackRock to pull money out of these companies. Plus there's one extra level of support for ESG investment: **us**. We apes know how important climate change is, I've seen dozens if not hundreds of posts on Superstonk talking about all the good we can do post MOASS, well if we have money to spare and feel like investing, I think high scoring ESG companies will be a way to go. We could start making a real difference for this cause. + +- There has been a lot of contention around the idea of BlackRock having people inside the current government such as [**this post**](https://www.reddit.com/r/Superstonk/comments/ms4syp/blackrock_currently_has_3_exmember_inside_the/?utm_source=reddit&utm_medium=usertext&utm_name=Exceedingly&utm_content=t3_nvsoqn) by **/u/--GrinAndBearIt--** and various other posts, and many users suggest this is a reason we should not trust BlackRock, but I come to the exact opposite conclusion. BlackRock seems to have helped set up the conditions for the MOASS and want it to happen so that there can be a radical shift towards ESG investment, the MOASS will be the perfect time for them to drop bad-ESG companies and pump that money into good-ESG companies. BlackRock working closely with the government on this is crucial to making sure it all works properly. We're talking about purposefully crashing and resetting the largest market on the planet, I definitely would not want BlackRock going rogue and doing this off their own back, knowing that they're working closely with the current government helps settle my mind that this is probably being controlled so it doesn't lead to all out catastrophe. Larry Fink is also a massive democrat and BlackRock has contributed a lot towards their party, suggesting he supports their goals and ideas. I'm going to be blunt here and say that if anyone thinks BlackRock is bad simply because of their connections to the current government, then they simply do not see the bigger picture of events happening right now. + +- Now what if I told you that a massive shift towards ESG investment was not even the biggest change that Wall Street has planned? What if I told you there has been a plan for years for the DTCC to shift the entire stock market onto an entirely new digital system? I hope that has you interested because we'll explore this in the next section. + +**SUMMARY:** The Great Reset is a term for the idea of building back better after the covid crisis. BlackRock is all for this idea and Larry Fink has been pushing for CEOs to release ESG data to show how good companies are for the environment, society and the country as a whole. The SEC is also pushing for this data to be released, so these 2 entities have similar goals it seems. I believe BlackRock has enabled the conditions for the MOASS so the markets will implode on themselves so they will need to be rebuilt, with sustainability in mind. The current government seems to want this end too and John Kerry reportedly said "the Great Reset will happen with greater speed and with greater intensity than a lot of people might imagine". I personally believe BlackRock working closely with the US government on these issues is a good thing, because it shows how they're all working together to remove corruption from the US economy. I finished by saying that the DTCC had other big plans to help remove corruption and we'll look at that below. + +*** +*** + +##9. CRYPTO MARKETS + +- The DTCC has 2 ongoing projects called [**Project ION**](https://www.dtcc.com/~/media/Files/Downloads/settlement-asset-services/user-documentation/project-ION-paper-2020.pdf) and [**Project Whitney**](https://www.dtcc.com/~/media/Files/Downloads/settlement-asset-services/user-documentation/Project-Whitney-Paper.pdf), both of these are looking at digitizing assets to be traded on a blockchain system, specifically on Ethereum. Sound familiar? I genuinely thought that this idea had been missed by Reddit, but shoutout to **/u/BarTPL0** who caught it [**in this post**](https://reddit.com/r/Superstonk/comments/mysvq9/dtcc_anticipates_completion_of_prototype/). + +- It seems Project Whitney is focussing on the digitization of securities (for example digitizing GME shares) and Project ION is more focused on improving the trading settlement cycle through blockchain technology. + +> **Project Ion explores new and alternative settlement models, leveraging the digitization of cash and re-representation of securities, and assesses a potential new accelerated settlement service option** + +- Disclaimer time, I do have a bachelors degree in Software Engineering, but when I try and explain crypto to anyone [**I just end up looking like this**](https://i.imgur.com/KjSj2uQ.png) so I'm just going to give a very high level overview of these and cover some of the benefits, rather than delving into the specifics of how they will function. If any wrinkly brained apes want to dedicate an entire post to Projects Ion & Whitney, I'm sure a lot of people here would appreciate that. + +- The current stock market is built up of layers and layers of entities all talking to each other in order to transfer money from buyers to sellers. The current settlement time for stock trades is T+2, meaning traders have the current day plus 2 days to settle any buy or sell orders. A crypto stock market is capable of turning this into T+0 meaning trades could get settled on the day they're made, that sounds much more efficient right? Crypto markets also eliminate the need for stock brokers, as availability of stock is all visible on the blockchain, which is simply a ledger of trades showing which assets currently sit where and which ones can be bought or sold. This crypto style market would centralize all data for a particular stock where that information is available for everyone to see, while also decentralizing control of that data meaning no one entity can control or corrupt it. + +- If you don't know how blockchain works here's a very simplified analogy (please skip if you already know). Think of a blockchain like a single Excel file that is stored on millions of different computers (called nodes). No one person owns that file and to change anything on it, it has to be agreed by all nodes that the change is a valid request and has the correct encryption keys. Once the change is authorized, the Excel file (aka blockchain) has the amendment made on it and all nodes then update to reflect the change. The Excel file has every trade ever made stored on it, which is why these get called ledgers. You can't simply just write anything on the blockchain file, you need the correct encryption keys to do so, and this means it's protected from malicious entities. If someone owned 1 Eth, that section of the blockchain belongs to them forever, until they decide to sell it - no one else can just come along and write over it. The underlying file for Ethereum is currently 300GB in size, and this only contains text data so that shows you how much data is stored there. It's mainly a load of encryption strings that you wouldn't be able to read, Ethereum uses Keccak-256 encryption [**which you can read about on Wikipedia**](https://en.wikipedia.org/wiki/SHA-3) (that might help you out if you have trouble sleeping if nothing else). + +- Shitadel has done a fantastic job this year of showcasing how susceptible the current market is to corruption. The T+2 settlement time means that any trade that fails to settle within 3 days should be marked as a "failed to deliver" (FTD), but through the magic of malicious fuckery they've been able to reset that clock so some trades are likely now T+21, T+35 or much bigger. On the topic of GME, an FTD simply means that Shitadel failed to get you a real GME share within 3 days. Ultimately if they can't find you a real GME share, they're obligated to buy the pledge back off you, but they're forced to buy this back at whatever price you set. I'm not getting into price floors or any of that stuff, but you need to understand you're in a very powerful bargaining position here. Shitadel has turned the stock market into a joke, and the T+2 settlement time wasn't even efficient to start with. This fully highlights why a new and much more efficient system is needed. + +- Michael Bodson of the DTCC [**gave this interview**](https://finance.yahoo.com/news/conversation-mike-bodson-ceo-dtcc-193339186.html) which touches on the new blockchain plans, in that he says a problem of switching to a new blockchain system is the difficulty of turning off legacy systems and adopting the new one. Interestingly **Bodson points out how a new DLT system would likely put the DTCC out of business**: + +> **Bodson:** The way Wall Street created its post trade infrastructure just means that once a trade is executed you have the whole process of clearing and settlement. The change of ownership the record keeping has to go on, it's a series of databases. We have a big golden copy but every firm has a database to have a trading database. They have an operations database they have a credit database so you have all these reconciliations that are happening all over the place with the same basic information used for different purposes. And there's no one centralized, agreed upon view of what that data says or what those transactions are what the positions are, etc etc. If you could actually just have one. Just think about the amount of work you could take out instead of doing replication of work over and over and over again. We just create massive efficiencies. + +- That interview touches on another point Bodson says in [**this article**](https://www.waterstechnology.com/industry-issues-initiatives/3537491/dtcc-chief-were-going-to-disappear-as-blockchain-evolves) (boo paywall): + +> It takes a certain level of confidence to be optimistic about your own demise. Mike Bodson has it down to an art form. The chief executive of the Depository Trust and Clearing Corporation (DTCC) is convinced, it seems, that distributed-ledger technology (DLT) will spell the end of the DTCC as the industry knows it. “From where we sit, we were created because you need a golden copy of trade records. We’re going to disappear." + +- It does seem Bodson has resigned himself to the fate that the DTCC will eventually become extinct, but I doubt this will happen any time soon. While any company chooses to trade on the current system, there's a need for the DTCC. But let's say the MOASS causes nearly every business in the US to become furious with Shitadel and how they were able to game the system for their own ends, that would surely encourage a lot of businesses to adopt the new DLT system. + +- [**Articles like this**](https://www.finextra.com/newsarticle/37544/dtcc-puts-dlt-at-front-and-centre-of-shift-to-t1) seem to suggest that the current plan is to get a crypto market system with a T+1 cycle, but even that is a big improvement which could be further improved upon in the future. That article is dated Feb this year and it says "The Depository Trust and Clearing Corporation is close to completing work on a prototytpe settlement system based on distributed ledger technology, which could act as the precursor to a US move to a T+1 settlement cycle." + +- So this system wasn't ready as of Feb 2021, but they must be very close to completion now. I would hazard a guess that the timing of the MOASS and the readiness of a crypto stock market system will go hand-in-hand, and the MOASS is being suppressed while the finishing touches are put on this. User **/u/SamBradfordSuperFan** recently wrote [**this post**](https://reddit.com/r/Superstonk/comments/okjctq/explaining_the_gme_token_it_has_launched_the/) explaining elements of Gamestop's crypto token and how there's a need to wait for an Ethereum update, EIP 1559: + +> It addresses one of the critical flaws in current ETH transactions, where transactions can get stalled and not complete in a timely manner if GAS fees are high, making the process more complex and uncertain and sometimes require user intervention, which has contributed to the slow mainstream adoption of ETH for ecommerce type applications + +- The DTCC's papers include [**this timeline**](https://i.imgur.com/0msrQrB.png) which suggests the blockchain system was meant to be ready in 2020, I consider it likely that the DTCC are waiting on this EIP 1559 protocol update as well as they are using the Ethereum network too. Regarding the MOASS being suppressed, remember it's probably companies like BlackRock and Vanguard who do the margin calling, and they can stall this as long as they want. + +- Speaking of BlackRock, Larry Fink used to be famously against crypto saying that Bitcoin was an "index of money laundering", but he's changed his tune on this saying that Bitcoin will be as important as the gold market in the future. In April 2019, BlackRock hired former Ripple executive Robbie Mitchnick to lead its digital assets area and as of last Christmas they were [**looking to hire a blockchain lead**](https://www.ledgerinsights.com/blackrock-is-hiring-a-blockchain-vp/), where the role is to make investments in digital assets and blockchain firms. + +- The president also wanted Michael Barr, who was on Ripple's board of advisors, to be the head of the OCC. [**Apparently articles like this**](https://www.bloomberg.com/news/articles/2021-03-08/ex-treasury-official-barr-all-but-ruled-out-for-occ-nomination) say that never came about, but crypto experts do seem to be getting pushed into top positions everywhere. There are clearly plans in motion for all of this. + +- Now I want to talk about **Gary Gensler**. I'm honestly very disappointed in a lot of you who have given him a hard time on Superstonk, I'm gonna say this as politely as I can; **can we all please chill the fuck out with the same asinine Gary Gensler memes getting posted over and over**; "dear SEC, please do your job", "it's only his 12th week on the job", "he finally found the power switch for his PC" etc. **Gensler is an expert in crypto**, he's taught it at MIT so he's clearly an industry expert on this stuff. He was brought on at the time the DTCC's crypto system was supposed to be ready, so **he's clearly here for the purpose of helping to introduce and police a new crypto stock market system which will undoubtedly include digitized GME assets**, you know - that stock you like. Please just show a modicum of dignity and respect for this man, because **he's clearly here to help you, not hurt you**. /rant over + +- Gensler was brought on to replace [**Jay Clayton**](https://en.wikipedia.org/wiki/Jay_Clayton_(attorney)) who was the previous president's man. Chairs of the SEC are meant to serve 5 year terms, and Clayton only served 3 years before he resigned. Gensler replaced him and there was a possibility that Gensler might have only been brought on to complete Clayton's remaining 2 years, but Gensler got a brand new term of 5 years. To me that says the government really wants him here and he's here for a purpose. I believe that purpose is to introduce the US to a crypto market system. + +- Speaking of Jay Clayton, he was made chair of the SEC by the previous president and on this appointment the president said "we need to undo many regulations which have stifled investment in American businesses". Back in 2017 when the previous president was inaugurated he was very friendly with Ken Griffin and I'd wager these two definitely had some business between them. If you look at [**Shitadel's revenue by year**](https://i.imgur.com/veLuZPU.png) do you see that giant leap between 2017 and 2018? I would honestly put some of that down to whatever support the previous president via the SEC was giving Shitadel. Plus this would have been perfect time to start some new big shorting plan (*cough* GME) where Shitadel had the support of the president and could help get various regulations changed or removed. I don't have the wrinkles to look into all this too much, but others can if they want. + +- [**This article**](https://blog.stomarket.com/list-of-all-central-bank-digital-currency-and-stablecoin-initiatives-1bb6f6d61ea3) says that there are currently 45 countries working on CBDCs (central bank digital currencies), and yes the Fed is working on a Digital Dollar. This will likely be something Project Whitney will be looking at. I don't have the energy left to dig into this too much, so if anyone else wants to be my guest. One other point I will say here though is that I don't expect a blockchain based stock market to instantly eliminate all problems we have with the current system, we've all seen how Shitadel is somehow manipulating certain crypto currencies for their own gain. I'm sure they'll find some way to abuse digital stocks too, but in theory this should remove a lot of the current problems. + +- I honestly don't know what Gamestop's immediate crypto announcement will be, but ultimately they're likely to trade their stock on this new DLT (distributed ledger technology) system. [**Articles like this**](https://www.techtelegraph.co.uk/gamestop-and-bitcoin-renewed-a-push-to-digitize-the-stock-market/) share this idea, that Gamestop is working towards digitizing the stock market, check this out: + +> Imagine a world where you could buy stocks, bonds, derivatives, cryptocurrencies or even pieces of art, all on one exchange, 24 hours a day, seven days a week, from anywhere in the world. + +> On this exchange, trades occur directly between two investors instead of through a complex latticework of brokers, clearinghouses and other middlemen and gatekeepers. They settle, or close, almost instantly, instead of taking up to two days. The system is cheaper, more transparent and ostensibly more open. + +- Sounds pretty good, right? The article goes on to say how a company called Blockchain.com has already built the infrastructure needed. Founded in 2011, that company attempted to grow but was stymied because the existing financial industry wouldn’t extend basic services to crypto companies. Blockchain.com had to go on to build the services themselves and today they offer trading, custody, clearing and settlement services to retail and institutional clients trading crypto. The company can now replicate every service in the traditional capital markets. So this technology isn't exactly new, but it received push back from the existing markets in the past. It almost seems like we need a big market crash so everyone can start understanding the need for this... + +- I'm gonna finish this section by saying **BE PATIENT**. The DTCC are working on this new system, Gamestop might be working with them, Gensler is likely on the sidelines getting ready to introduce this new system. Plans are in motion and getting impatient about all of this does no one any good. Show mayoman Ken that your hands are made of the toughest diamond around and that you can wait patiently to bring his empire crashing down. + +**SUMMARY:** The DTCC have been working on Projects ION and Whitney since 2015, which aim to bring about a new blockchain based stock market. Shitadel have done an amazing job showing how the current system can be abused and why change is needed. As of Feb this year, the DTCC's new system was not ready, and I think the date of the MOASS might be linked to the completion date of this system. Gary Gensler was obviously brought on to help manage this new crypto system, as he's a crypto expert who has taught this subject at MIT. Larry Fink softened towards crypto in recent years so I believe he would be in favor of a DLT (distributed ledger technology) market. The Fed is also looking into making their own CBDC (central bank digital currency) which I think will get called the Digital Dollar, and this is likely tied in to this new blockchain system. Gamestop's crypto announcement could well be linked to the DTCC's new system, I very much encourage other apes to dig into this stuff. Final message is BE PATIENT and trust your tendies are coming. + +*** +*** + +##10. Negative Sentiment + +- I firmly believe that there has been a big FUD campaign against BlackRock for at least the past year, similar to the one we've seen with Gamestop. Ironically, I wouldn't have spotted this if it wasn't for the Gamestop FUD, that's definitely helped open my eyes and shown me you need to question even large MSM companies. How many times have you seen someone on Superstonk posting about the evils of BlackRock and how they're buying up every property in sight or how they're massive supporters of polluting companies because they've held large stakes in oil companies or how their influence is dangerous and you shouldn't trust them? What if I told you most of this is all FUD made by twitter accounts like CulturalHusbandry and other shill accounts? + +- [**Look at this post on Superstonk**](https://old.reddit.com/r/Superstonk/comments/o0mxbu/remember_blackrock_is_not_our_friend_just_an/), it's a screenshot of a Tweet with no evidence to back it up yet it got over 5k votes. I'm going to address the housing issue right now. BlackRock's real estate portfolio is tiny compared to other companies: + +2018 Real Estate Portfolio | +:-- | +**BlackRock** managed [**$24 billion**](https://hub.ipe.com/asset-manager/blackrock-real-estate/415464.supplier) in real estate | +**Blackstone** (an entirely different company) had over [**$150 billion**](https://content.fortune.com/wp-content/uploads/2020/02/BLA_CHART_01.png?w=810) in real estate | +**Annaly Capital Management** had [**$105 billion**](https://www.macrotrends.net/stocks/charts/NLY/annaly-capital-management-inc/total-assets) in real estate | +**American Tower Corporation** had [**$33 billion**](https://www.macrotrends.net/stocks/charts/AMT/american-tower/total-assets) in real estate | + +- My point here is that there are there are other companies who have far bigger real estate portfolios than BlackRock, and due to BlackRock's immense AUM their amount is going to be a far smaller % proportionally. Articles like [**this one**](https://www.vox.com/22524829/wall-street-housing-market-blackrock-bubble) and [**this one**](https://misbar.com/en/factcheck/2021/06/11/no-evidence-of-blackrock-buying-up-neighborhoods) show that the idea of BlackRock buying every property simply isn't true, or at least it's greatly exaggerated. + +- And it's not just the housing issue, every time BlackRock has an article saying something positive they're doing, two more will get released arguing the point and saying how BlackRock are hypocrites. Fink wrote letter to CEOs in 2019 saying climate change is an important issue that they need to take seriously, and then articles [**like this**](https://www.theguardian.com/business/2019/may/21/blackrock-investor-climate-crisis-blackrock-assets) popped up saying how BlackRock are the biggest investors in fossil fuel and that they should practice what they preach. + +- Regarding BlackRock holding shares in polluting companies, Larry Fink likes to exercise his right to vote against company directors. [**This article**](https://theguardian.com/business/2020/sep/17/blackrock-votes-against-49-companies-for-lack-of-climate-crisis-progress) says: "**BlackRock announced in its annual investment stewardship report that it cast more than 5,100 votes against company directors in the past 12 months to hold management to account for failing to make headway on a range of issues, from environmental goals and corporate strategy to board diversity. This was 300 more than in the previous year"**. This clearly shows a reason why Fink would hold stock with poor performing ESG companies, he likes to try and sway their decision making to become better. Fink often speaks out against companies for reasons like pollution, sexism, racism etc. + +- I've been reading through some of the drivel on that CulturalHusbandry twitter account, and holy fuck I'm starting to think this is Ken Griffin behind that account. They're deeply against the current government, BlackRock and the idea of the 'Great Reset'. Seriously they wrote [**this whole article**](https://threadreaderapp.com/thread/1403033377234690055.html) on why the Great Reset is just a scam and how the tax payer will foot the bill and how BlackRock can't be trusted. This person clearly has an axe to grind with BlackRock and they've been spewing this BS for so long that even Reddit users are picking up on it and retweeting it. My only ask here is that you do the same as you've done with Gamestop and do your own ~~double down~~ due diligence. You're a smart ape capable of googling as well as anyone, please don't take anything you read at face value anymore (this post included, research yourself!) + +- The idea of 'The Great Reset' has also received FUD, [**this UK BBC article**](https://www.bbc.co.uk/news/blogs-trending-57532368) shows how it went viral on Facebook last November and became a conspiracy theory. Apparently Canada's Trudeau gave a speech saying the pandemic provided an opportunity for a "reset", and that article goes on to say: + +>"but some claimed his speech was proof that global leaders were using the pandemic as a pretext to introduce a range of socialist and environmental policies. Thousands of [previous president] supporters boosted this idea. They claimed that that a victory for [the previous president] in November's election was the only chance to thwart the so-called secret plot." + +- I don't mean this to get political at all, I'm just showing how these ideas got spread and how the idea of the Great Reset started looking like a conspiracy. I can easily imagine that Shitadel & Co's MSM connections helped spread negative messages about this. + +- I nearly didn't include this point as it may come across as controversial, but earlier this year (January 26 2021 to be precise) Larry Fink sent that letter out to hundreds of CEOs with the theme of ESG and sustainability, a part of his letter touches on racism and other discrimination in the workplace. Well literally just 6 days later an ex-BlackRock employee, Essma Bengabsia, wrote [**this piece**](https://essma-bengabsia.medium.com/metoo-at-blackrock-720b2f89f6d8) on how she suffered from Islamophobia, racism, sexism and general harassment while she worked at BlackRock from July 2018 to May 2019. It's a very well written account and the points she raises are horrible to read. You need to understand that I believe her story 100%, I've worked as a manager in 2 major banks and I've seen this kind of discrimination first hand and have had to discipline people for it, so I can fully accept this kind of thing happens in giant companies like BlackRock too. These issues are rampant and need to be taken seriously, so I trust Essma and she comes across well, but consider this: she sat on this story for 2 years and then released this within a week of Larry Fink preaching about weeding out racism and other discrimination. It could just be a coincidence that she chose to publish this right after Fink's letter. In her piece she says *"I wrote this shortly after I left BlackRock in 2019 but delayed publishing due to my own hesitation"*, so fair enough. I fully understand that going through traumatic events like that can take a long time to process and deal with, and you'll especially need to be in the right mindset to release a story like that to the world. + +- But is it not a possibility that she had previously gone to news stations with her story, they accepted it but told her to wait publishing it until a time that fit their agenda? Within 4 days her petition had thousands of signatures and had been picked up by [**Businessinsider.com**](https://www.businessinsider.com/thousands-sign-petition-discrimination-former-blackrock-employee-essma-bengabsia-allegations-2021-2?r=US&IR=T). One of the authors of that article was Rebecca Ungarino who was a previous producer at CNBC and we all know CNBC is a fair and unbiased company /s. I dont know, maybe I'm coming across too tin foil hat right now but the timing of this just smells off to me. + +- Either way, google BlackRock and you'll get a mixed bag of positive and negative messages just like with Gamestop and I don't think that's a coincidence. If Shitadel & Co know BlackRock has worked against them to cause the MOASS, then of course they'd be pissed off and would disparage BlackRock every chance they got. As DFV said in his original Gamestop thesis, "The negative sentiment is just so overdone". Please please please do your own research going forward and don't fall into the FUD traps. + +**SUMMARY:** Just like with Gamestop, there seems to have been a FUD campaign against BlackRock. Everytime something good comes out about them, you'll see just as many articles saying something negative and why you shouldn't trust them. My theory is that Shitadel & Co know that BlackRock has been working against them and now they're using the same tactics as they're doing with Gamestop. My request to you here is to not take everything you read at face value and do your own research. I'm not telling you to blindly trust BlackRock, but I'm saying they might not be the monsters you think they are if you've bought into the FUD campaign. As DFV said, "The negative sentiment is overdone". Always do you own research. + +*** +*** + +##11. Conclusion + +- I don't know about you but I feel like we've been on a journey together. I really hope I've helped open your eyes to some new information and maybe some of you can even go on to research further things from this post. I believe Gamestop is a unique situation that didn't happen by random chance. I think there have been moves made over at least the last 4 years to turn it into a ticking time bomb that can be used to bring down the entire global economic system, which will clear a path for a new wave of ESG investment and advancements into a new blockchain based system. I don't know when the MOASS will happen, but my personal opinion is that it's being delayed until the crypto based markets in the background are finished so there can be a smooth transition from our current messed up system to the new one. I do honestly believe 100% that the DTCC, the SEC and massive companies like BlackRock want the MOASS to happen because it will give the perfect opportunity for the new systems to come in. + +- Apes, I believe we're a part of the latest global revolution and you are a key part of this. Your diamond hands are bringing about change and could well be helping to save the Earth by bringing about an age of ESG investment. Even if I'm wrong about everything in this post and my speculation is way off the mark, ESG is still going to be a massively important issue and if you choose to invest post MOASS I encourage you to do so with ESG and sustainability in mind. + +##Thank you for reading. +Hi all, I was watching a CNBC video on Hydrogen energy and was wondering what everyone's thoughts on hydrogen energy and their viability is? I'm not really sure what companies are invested in it, so if anyone has any good pointers they would be much appreciated. +Hi everyone, + +I think I finally found the place to ask this question! + +For the following scenario, consider this as a non-isa account: + +When I buy shares (or options) and sell them shortly thereafter (a few days), I am a trader. It means £1,000 tax allowance. + +When I buy shares, hold them for a while (a few years) and then sell them, it is considered capital gains. It means £12,300 tax allowance. + +1) What is the time limit to consider one or the other? + +2)If I have a number of shares, I continually buy, and eventually sell some of them, with my total number of shares increasing in time. How do I discriminate which sales are trading income and which are capital gain income? FIFO, LIFO? + +Thanks! +https://www.reuters.com/business/finance/uk-launches-taskforce-potential-bank-england-digital-currency-sunak-2021-04-19/ + +Thoughts on this announcement? Do we think that these kind of national currencies would make their way onto a platform like Coinbase or be separate from it? Obviously China pushing theirs quite heavily already. +Let's say I have $10,000 to invest. I have two online jobs that pay in USD, but I am from the UK and I have a Vanguard Stocks & Shares ISA. + +I want to invest in Vanguard FTSE Global All Caps Fund every month. However, first, I must exchange that USD into GBP. In other words, I am paid in USD into my TransferWise/Revolut/Payoneer account. I then have to exchange this into GBP at the current rate, before I can buy stocks through my Vanguard ISA. + +At the end of June, this £1 was equal to $0.82. This means that on $10,000, I would get £8200 in exchange. But on September 1st, this same $10,000 would only equate to £7400 (due to a weakening $0.74 dollar). + +How can I reduce the volatility of this personal exchange? What's the best way that I can counteract this problem? Can I "time it", or is there a more controlled/safer way to utilize this situation? + +I ultimately want to mitigate the personal currency exchange (since I am a UK Investor getting paid in USD). I also need to utilize the tax-benefits of a Stocks & Shares ISA, whilst not loosing so much in exchange rates. + +I'm very new to investing, so I'd appreciate your advice on this. I have discovered that I can invest in USD via an international broker, but this would incur a 15-30% capital gains tax when I withdraw that cash (a significant chunk!). Therefore I want to make the most of a tax-free wrapper (an ISA). + +What are some ways that I can utilize this situation to my advantage? My circumstances are: + +1. UK National with a Stocks & Shares ISA. +2. Two online incomes that pay USD. +3. My USD income has to be exchanged to GBP before I can invest it in a Stocks & Shares ISA (at the current volatility of the market exchange rate between USD and GBP). + +P.S: I have no more than £20,000 to invest per year. And I do not have sufficient funds in both currencies to weather the storm (i.e. waiting/hoping for the exchange rates to improve in my favor). + +Thank you so much for your help and advice. I sincerely appreciate all of your support on this new investment journey! + +Cheers, +Pete +**\*\*\*UPDATE\*\*\*** + +I posted an update on Saturday Jan 8th + +Hang in there everyone, no dip lasts forever. + +**Disclaimer:** This exit strategy relies on a bunch of assumptions. The point of this post is not to debate those. If you think this bullrun will last well into 2022 or perhaps even longer, that's cool, you do you. What I'm about to describe is my own exit strategy. I'm not trying to convince you that it's better than your plan, my only hope is that there might be handful of people to whom this makes sense who can take something valuable from this post. As for the rest of you, best of luck, and I sincerely mean that. + +**Thesis Statement:** I believe we are at the tail end of the bullrun that started after the March Covid crash of 2020. We have seen mindblowing gains on alts like Solana, Luna, Ada, Avax, Harmony, and many others. I believe that there's not much juice left in that lemon. The main reasons for this belief are: + +\- **This isn't the "cycle of mass adoption".** This is actually a good thing, because literally none of the L1s in the top 100 are ready for mass adoption: Solana had to shut down for 17 hours because it buckled under the weight of transactions. Eth's answer to increasing traffic is to charge you $250 in gas for a uniswap transaction. Matic can barely handle the traffic it gets currently and transactions frequently remain 'pending' for hours or days. Cardano still doesn't have working smart contracts and Hoskinson himself essentially admitted that it can't scale without L2s. I could go on here, but you get the point. + +\- **Governments all around the world have been printing money like it's a sport, and that didn't begin in 2020 with the onset of the pandemic, it began more than 10 years ago after the financial crisis.** A by-product of this has been record-low interest rates. This has fueled investment all over the planet, as is easily evidenced by a completely out of control housing market in most major markets and a stock market that has been basically 'up only' for ten years straight. Governments are now admitting that the current 4%-5% inflation rate is not sustainable. In order to get this back in line, the federal banks will have to raise interest rates. That means less money for all of us, because things like mortgages, car payments, credit card debt, etc. will all go up. And obviously, it will no longer make sense to take a loan to invest (and yes, people have definitely been taking loans to invest, simply because it made sense: you can take a loan from the bank for less 5% and put that money into index funds and you'll come out on top....at least for now). + +\- **This whole space is dramatically overvalued.** Yes I know, market caps do not reflect the actual value of a company, but they do reflect the current level of speculation: we are in the kind of market where Tesla is worth more than the entire German automotive industry. Cardano is worth $77 billion dollars and it currently doesn't even function as an L1 smart contract chain. Dot is worth $50 billion dollars and barely has a working product. The point is that the current valuations reflect what these projects may become in the next 5 years. In other words, their valuations are based on speculation, not current capabilities. + +**"Ok dude, get to the point already"** I believe that this December will see the crypto market go absolutely ballistic, fueled by holiday spending, euphoria, and an over confidence in a market that has already seen 10X gains in the last 3 months. It will crash in early 2022, most likely kicked off by a stock market crash as governments all over the word raise interest rates and announce efforts to contain their out of control spending that's resulted in debt levels our grand children will still be paying off. + +**"Cool story bro, so what are you gonna do about it?"** At some point in late December (obviously depending on market dynamics at the time), I'm going to sell most of my crypto assets for stable coins and earn yield on stable coins. The US dollar is extremely unlikely to collapse. And if it does, the whole planet goes into a massive economic recession and crypto will not be spared. USD will be the safest asset to be in, save for perhaps gold. Here's what I will do step by step: + +\- Deposit stable coin as collateral on a protocol such as anchor, earning interest + +\- take stable coin loan against collateral, again earning to borrow (and even if you're no longer getting paid to borrow, the interest earned from lending will most likely outweigh the interest owed from borrowing, meaning on a net level, you're still making money) + +\- Provide stable coin liquidity, e.g. USDC <> DAI pair, earning yield and compounding that yield into liquidity. + +The rates currently available for doing this vary from platform to platform, but at the moment, you can easily get 20% APR doing this. If you're willing to risk doing this with smaller, less established platforms like Tranquil and Openswap on Harmony, you can get almost 100% APR). There are variations of the above, but that's the general gist. + +**"And then what?"** I wait as my USD reserves grow. I use the time to research in an effort to identify alts that have a good chance of becoming winners in the next bull market. My focus will be on L1s that can actually scale to global demand without having to rely on imperfect L2 solutions. Once it becomes relatively clear that the market has reached the bottom (where it will probably stay for quite some time like it has in every other true bear market), I start to DCA, positioning myself for the next bull market, whether that comes in late 2022 or in 2024, I plan on being a part of it. + +Thanks to those who read this entire wall of text, and to those who didn't, well, you're not reading this anyway ;) + +**EDIT:** A few responses are misinterpreting the above as trying to 'time the market'. I wouldn't really call it that. If I was trying to time the market, I'd be trying to sell more or less the exact top. I know I won't be able to do that, and I'm not at all ruling out that after I sell, the market keeps pumping throughout January and maybe even longer. But I'm absolutely willing to forego gains at the very tail end of the market if it means not having to see my portfolio bleed like a slasher movie over the course of a few short days like it did in 2018. +Interesting comments from the CIO of major investment firm not known as a permabear: + +"We are either moving into a completely new paradigm, or the speculative energy in the market is incredibly out of control. I think it is the latter. I have said before that we have entered the silly season, but I stand corrected. We are in the ludicrous season." + +[https://www.guggenheiminvestments.com/perspectives/global-cio-outlook/coronavirus-impact-on-the-global-economy](https://www.guggenheiminvestments.com/perspectives/global-cio-outlook/coronavirus-impact-on-the-global-economy) +# 🟣 $GME shares Direct Registered at Computershare Update! -- As of April 30: 12.7 MILLION! SPLIT-ADJUSTED = 50.8 MILLION!🟣 + +https://preview.redd.it/lkgdy29u6bf91.png?width=636&format=png&auto=webp&s=94ddb059d4b6292b5ba386cc34fa1f4b4b946b83 + +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered. ✨NO KARMA RESTRICTIONS IN THIS THREAD!!✨** + +[July Megathread](https://www.reddit.com/r/Superstonk/comments/vp01of/drscomputershare_megathread_072022/?utm_source=share&utm_medium=web2x&context=3) + +[June Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +[May Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) + +[April Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[LIST OF CUSTODIANS - for IRA shares](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/) + +[IRA Guide](https://www.reddit.com/r/Superstonk/comments/whb8zj/drs_ira_shares_to_computershare_visual_guide_no/?utm_source=share&utm_medium=web2x&context=3) \-- involves moving shares to a custodian, please research the risks involved with various [custodians](https://www.abc.net.au/news/2021-03-05/share-custodians-holding-your-stocks-explainer/13177716) + +[another IRA Guide, this time using an LLC](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/?utm_source=share&utm_medium=web2x&context=3) + +[DTCC explaining DRS](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +When you buy through a broker-dealer, they will be in the "street name" aka they're registered with your broker-dealer. + +What can they do with street name shares but not with direct registered shares? LEND THEM OUT TO SHORT SELLERS! + +From DTCC - REDUCES RISK ASSOCIATED WITH PHYSICAL SECURITIES PROCESSING, INCLUDING TURNAROUND DELAYS, MAIL LOSSES AND RISKS ASSOCIATED WITH STOLEN, FORGED OR COUNTERFEIT SECURITIES\* + +link to Computershare's chart that shows that direct registered shares are removed from Cede & Co. / DTC: [https://www.computershare.com/PublishingImages/company-share-structure.jpg](https://www.computershare.com/PublishingImages/company-share-structure.jpg) + +link to Computershare's FAQ page that also has that chart: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +FAQs + +**Do you want to post your DRS position but don't have enough karma?** Post in [r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/) to feed the bot, there's no karma requirements there. + +**How to transfer from Fidelity?** You can call or use the chat online and tell them you want to DRS your shares. They will send your shares over to Computershare for you. Once that happens, Computershare will send you a letter in the mail with your 'customer code' so you can set up an online CS account. + +If you don't want to wait for the code, you may be able to verify your ID online - After your shares no longer appear in Fidelity you can simply go to CS and register for your account with your SSN, Zip code, and the name of Gamestop. They will ask a couple verification questions and then you will have an account. If this doesn't work the same day the shares disappear, then check back in a day or two. + +**Can I buy/open an account through Computershare?** Yes. You have to create an account by adding your bank account info, then they send you a letter with your customer code. You use the code to create an online account. Once you have an online account you can create a purchase order. The money will take 3 days to settle, then they buy however many shares they can get with the amount of money you deposited. The shares take T + 2 days to settle. + +If you're outside the US you can use [Wise.com](https://wise.com/) and set up a bank account there, same process. [https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us](https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us) + +[YOU CAN USE GIVEASHARE IF OUTSIDE USA](https://www.reddit.com/r/Superstonk/comments/umu6nq/european_revolute_ape_here_just_drsed_all_my/) + +How to sell? You may request that Computershare sell all or a portion of your shares online at [www.computershare.com](http://www.computershare.com/). If you want to set the price you're comfortable with, a good-til-cancelled (GTC) limit order is your friend. If the stock reaches the price you set or higher, it will automatically sell for you. + +**Transfer Request forms** + +[TDAmeritrade](https://www.tdameritrade.com/content/dam/tda/retail/marketing/en/pdf/TDA371.pdf) + +[DriveWealth](http://pages.drivewealth.com/rs/124-INJ-520/images/Outgoing%20DRS%20Transfer%20Form%20V5.pdf) + +[E\*Trade](https://us.etrade.com/e/t/estation/ESReqCert) + +[Wealth Simple](https://help.wealthsimple.com/hc/en-ca/articles/4408382062107-Register-your-shares-with-a-transfer-agent-via-DRS) + +[Chat with Fidelity](https://www.fidelity.com/customer-service/contact-us) + +**Guides for various brokers** + +[IRA using Mainstar (do your own DD on various custodians)](https://www.reddit.com/r/Superstonk/comments/whb8zj/drs_ira_shares_to_computershare_visual_guide_no/?utm_source=share&utm_medium=web2x&context=3) + +[SCREENSHOT of my Fidelity Chat from 03/30/22](https://imgur.com/X3NpAQH) + +[Degiro to IBKR](https://www.reddit.com/r/Superstonk/comments/ra4mp3/degiro_to_ibkr_transfer_effective_in_4_days/) + +[Danish/English guide to transfer to and from IBKR](https://www.reddit.com/r/Superstonk/comments/u1k6n8/we_need_translations_to_get_people_outside_the_us/?utm_source=share&utm_medium=web2x&context=3) + +Guide for [CANADA](https://www.reddit.com/r/GMECanada/comments/qpwjvx/new_canadapes_read_here_first_before_posting/) + +**How to DRS from Vanguard** + +Call the Vanguard Outbound DRS Transfer agent at: 855-730-0325 + +Provide them with your brokerage account details, your Social Security Number (they no longer rely on you providing your Computershare account number anymore), and how many shares you would like to transfer to Computershare. + +Total call time was 8 minutes. They said it will take 5-7 business days to arrive in Computershare. + +**To Contact GME dept in Computershare - 800 522 6645** + +or [https://www-us.computershare.com/Investor/#Contact/Enquiry](https://www-us.computershare.com/Investor/#Contact/Enquiry) + +**International number: 00800-3823-3823** + +If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but I will manually approve it for you💜! + +To reduce clutter I will remove off-topic comments. + +[GME plan details](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78) + +To search Superstonk posts for brokers, guides, anything using the platform [u/Elegant-Remote6667](https://www.reddit.com/u/Elegant-Remote6667/) made [click here](https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9) +First some background. + +My son(40m) has Asperger's Syndrome, because of our lack of understand or diagnoses earlier in his life, he was unable to finish school or get the skills and help necessary to have a job or really even function well. At this point in his life, I am told that he will most likely never have a job/family, will be lucky to even have friends. His mother and I have always taken care of him and his needs, but we divorced in 2008 and have since retired. Since his mother and I were both "blue" collar workers, we don't have a whole lot of money. + +But because of the assistance of some great doctors advice and them helping get us connected with the right people, we were able to get him properly diagnosed and took the suggestion of applying for disability for him. He has been on disability for about 4 years and we have saved nearly every dollar to try and make up for the past. He lives with me and we have enough money to do okay, but I won't live forever and his mother get's less money than I do and has some health issues that would make it very difficult for him to live with her. + +Now, he's not incapable of taking care of himself, his major issues is his ability to deal with any kind of social interaction. Even writing an email causes noticeable anxiety in him. But with online stores and ordering and bill paying and such, I think he could live on his own with some reasonable discomfort and anxiety at times. + +He gets about $9k a year from disability. We've managed to save about $45k by adding some of our money and saving nearly all of his disability. He has a PA ABLE account to save money in, but we just opened that this year and it will take time to get the money into the account (limits $15k a year). I mention that because, when we die he will qualify for SSI and that with his disability should be livable with his minor needs and the ABLE account allows him to save money without it counting against SSI. This is the best we can do, life insurance for me(lifetime smoker and 70) or his mother(disabled now, rheumatoid arthritis, cancer survivor) is just too expensive and we need to being saving for our own funeral requirements so as not to burden him or his two sisters. We have no more money to add and I need half the money he gets to cover his expenses. + +He's never had a vacation, a girlfriend, has no friends and we have no money or property to leave him. Ultimately I would love to be able to give him something like a normal life. At least the ability to enjoy what little things he can, without having to live in abject poverty his whole life. I know he will qualify for things like food stamps and public housing, but housing won't help since living in an apartment building(all that's available anywhere even near here) would be torture to him. the sounds and having to deal with all those people just to get in and out. Or shared laundry facilities, kids, and the smells. Even seriously considering buying a house and taking a mortgage this late in life and squeezing our finances even further if it will help his future comfort/sanity. He lives a life I wouldn't even call a life and couldn't have survived myself. + +&#x200B; + +Goals: + +Get him as much money as I can before his mother and I die. + +Get him the ability to live as comfortably for his needs as possible. + +Get his some measure of disposable income to enjoy what little he can. + +Make it sustainable for his lifetime. + +&#x200B; + +Average U.S death age is 78 right now, my parents lived to be 81 and 93. So baring accident or illness, I think I can make 78 or more as I'm in fairly good health. He would get about another $9k from SSI if he qualifies and gets the full amount. But $18k a year, with his needs and being single is definitely not a lot. I would like to find a way that I can either skip counting on SSI for him in the future and get him to maybe $25k a year with enough increase over time for inflation. Or count on that SSI and find a way to make as much as I can each year on the money before I put it into the ABLE account. I am not well educated and I know of "higher" finance, so if anyone has more suggestions, I'm all ears. + +&#x200B; + +Thanks for all that read through and made it this far. And a further thanks to any and all that comment to help me get even a little closer to the goals I have set. + +&#x200B; + +Edit: + + First off, I want to thank all of you for your information and comments. I was expecting maybe a few replies and some sources for me to look into later, but what I didn't expect was all the support and personal experiences. Maybe I am just becoming cynical in my old age. But I really appreciate it, thank you. + + Second, for more information, I live in eastern Pennsylvania. I have already applied for basically everything I could find/think of for him for government services. Unfortunately he doesn't qualify for most as he lives with me and together our income is too high, or because he wasn't diagnosed before the age of 26(I think it is). + + As for his sisters, I am leaving it up to them for how much they want to help him. He is my kid and the youngest, I don't want them to be burdened by him and resent or mistreat him for anything. And it's been my experience that family will take you more for granted than anyone. They are 10 years and 2 years older than he is. The oldest helped babysit the younger kids and such when growing up and I think even that was a little much for us to put on her. The oldest, right after having her first child, had to have her gallbladder removed and scarring and complications for just having birth left her with health issues for nearly two decades afterward. She would be able to work some, then have to go to John's Hopkins and have drainage tubes put in and such. So she is just now, in the last 10 years of so been able to get her life on track. So while I believe she will help her brother with his life going forward(if she can), she doesn't have much in the way of resources, other than time, to commit to it. And the other sister, I guess from having been raised with a sibling that needed more attention/leeway doesn't have a good relationship with her brother. Neither want to even interact with each other. + + As for my son, he does fairly well at taking care of himself. He has some difficulty with laundry and cooking, but other than that he does just fine. For the cooking, he just doesn't know what to eat. He's not like some on with ASD that will only eat one thing until they burn themselves out, just that he doesn't seem to feel cravings for anything. It seems more important to him that he has a meal when he's hungry and it's not something he specifically doesn't like. And the laundry is mostly just because he gets distracted and forgets that the buzzer went off. So he ends up with wrinkled clothes and instead of taking a few hours, it takes all day. Which if it's just him is fine, I figure if he does it, even if it's slow, at least he does it. As for things like bill paying or looking things up online and ordering them, he is vastly better at it than I am. He helps me find stuff online all the time and to get it at the best price. He can setup appointments for himself too, online is best, but he can call and get a dentist appointment. It's just really anxiety inducing for him. + + My biggest worry for him taking care of himself isn't the day to day stuff, it's the times he would have to call and spend 2 hours on the phone getting a cable bill corrected. I've seen him anxious for a doctors appointment 2 months before the date, or pacing for 20 minutes because I asked him to write out a question online for me. Sometimes even getting up in the middle of it to put his thoughts in order. But taking care of the basics, he is fine with. + + And last, but not least, him working. My son looks completely normal, when he's with me or his family, he mostly acts pretty normal. So people often just treat him that way when in public, taking awhile to realize that he's not looking them in the eye or sometimes even at them. Or keeps moving away from them or doesn't say anything but short answers when directly asked. Because of that, we've had a lot of trouble when he was younger interacting with people when out. He would lose it sometimes, or disappear and we'd find him sitting in the car. After all these years, he doesn't just run away anymore, but if I stay and talk to someone too long, it has it's effects on him. Everything from sweating and fidgeting to physical illness. And while I would like him to get a GED, even if it's "just encase". or get a simple job, I am worried on the toll it would take. And even if I could say for certain it would work out for him and he'd be more independent and confidant, it took almost 6 years of trial and error and advice and interactions to get him on disability. Doctors appointments, interviews, records finding and gathering, trips to social security and more independent doctors and reviews and then, finally, a judge to put all his future on. If he loses that and there isn't someone serious and passionate as well as having a LOT of time to put into it. I can't see him getting it again. And I don't want my son to be another mental health victim on the street or getting arrested and put in jail. I've seen it too much and America seems to be getting worse for mental health, rather than better. + + As for all who have spoken so kindly about me, I appreciate the sentiment and well wishes and wish you well in return. +Recently, my 77 year old mother shared with me her interview investment portfolio. Pretty standard, safe stuff (TIAA and Wells Fargo Financial). Her investments total nearly $700k. She lives a fairly modest lifestyle, is vey active, in good health, few extravagant purchases, little if any travel any more, etc. She’s worried about her financial situation and thinks this isn’t enough for her to live on, adding “longevity is in my family, I plan to live 20 more years!” + +Can anyone help me with two questions? + +1- How does $700k project for a 77 year old? + +2- Is there any way for me to assuage her fears that she needs more money/doesn’t have enough? + +Thanks! +Hi everyone! I make ~$50,000 after taxes and would like to start building up savings to make a down payment on a home. I have $60,000 of student loan debt, of which I pay the minimum amount monthly (~$750) and I have an untouched line of credit of $45,000 which I’d like to put toward a down payment of a home eventually. After rent and living expenses, I have about $1000 left over every month to save. I have an emergency fund (3 months of savings). What are my next best steps? I’m not particularly financially savvy, but I will be working on reducing my spending so I can put away as much as possible every paycheque. Any advice is greatly appreciated, and thank you in advance! +I'm living in a second world country where the minimum wage is 310$. With only 253$ I'm able to make more money than I do at my actual job if I got the time to day trade. + +I'm not here to ask if I should quit my job or stuff and I know that trading is hard and you can't predict the market. + +However, I want so badly to acumulate 1000-2000$ in my exchange so I can trade strategically with proper risk management. + +Do you think this is enough to sustain myself, if I can make double my wage until I secure another position at another job? +I wanted to post this here to do two things. I wanted to show the new subreddit r/neutralcryptotalk and to invite you all to participate in this thread [Bitcoin vs. Bitcoin Cash](https://www.reddit.com/r/NeutralCryptoTalk/comments/7l1hoy/bitcoin_btc_vs_bitcoin_cash_bch_what_do_you_want/?ref=share&ref_source=link). The idea behind the sub is to discuss with facts and evidence cryptocurrency technologies. This thread is to try and bring that to the big BTC vs BCH debate. A place where the mod team is not bias and free and open discussion can be created. Reddit is filled with mudslinging on each side and it can be hard to determine which side is right or even which you agree with. This is your place to ask questions on these two with respect for one another. So I encourage you to check it out and I hope to see you there! +Great article in the Atlantic this weekend that I thought the FIRE community would appreciate. [https://www.theatlantic.com/ideas/archive/2019/02/religion-workism-making-americans-miserable/583441/](https://www.theatlantic.com/ideas/archive/2019/02/religion-workism-making-americans-miserable/583441/) + +&#x200B; + +Highlights: + +&#x200B; + +There is nothing wrong with work, when work must be done. And there is no question that an elite obsession with meaningful work will produce a handful of winners who hit the workist lottery: busy, rich, and deeply fulfilled. But a culture that funnels its dreams of self-actualization into salaried jobs is setting itself up for collective anxiety, mass disappointment, and [inevitable burnout](https://www.buzzfeednews.com/article/annehelenpetersen/millennials-burnout-generation-debt-work). + +&#x200B; + +\* \* \* + + +There is something slyly dystopian about an economic system that has convinced the most indebted generation in American history to put “purpose over paycheck.” Indeed, if you were designing a *Black Mirror* labor force that encouraged overwork without higher wages, what might you do? Perhaps you’d persuade educated young people that income comes second; that no job is just a job; and that the only real reward from work is the ineffable glow of purpose. It is a diabolical game that creates a prize so tantalizing yet rare that almost nobody wins, but everybody feels obligated to play forever. + +Not sure if this belongs on this subreddit but I need help. Just got laid off, have a wife and 2 kids to feed, living in nyc, rent 2100 per month. Have $21000 in savings only. No more health insurance due to lay off. + +What should be my next steps? +Should I stop paying rent all together so I can feed my family? My lease expires in sept. If I break the lease they expect me to pay $4500 plus rent for the last month. There is no way I can afford that. + +This corona virus is too much. + +I’m a physician assistant, don’t really have other skills. + + +Edit : thank you everyone for the overwhelming amount of positive responses, I did not expect this to blow up. I had an emergency so I wasn’t able to respond to everyone (long story short my mother in law had severe pain and had to take her to an urgent care and then get some tests done). I have read many many amazing responses and now have access to many resources due to everyone. Thank you so much, I cannot stress how much your kind words of encouragement put my mind at ease and given me strength to move forward. I haven’t told my wife yet about being laid off, she had a stressful day worrying about her mom and I figured I didn’t want her to worry more. We also had a pregnancy scare, and it seems it was just a scare. I need to take a breather. Thank you all again and I will try to respond to everyone soon. +Dimon also said the bank may not give intra-quarter guidance in the future. + +JPMorgan's stock fell off its session highs after his comments, but remained up 1.4 percent on the day. + +These have been the calmest markets in decades. +https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html +Not because it provides stability (10% bonds doesn't provide much cushion at all) but because there's an option to sell your bonds to buy equities if we go into a recession. + +I guess it's equivalent to holding 10% of your portfolio in cash as a "dry powder" but it's still nice to know that you have everything invested. + +I have decided to set 10% of my portfolio in bonds and sell them to go 100% into equities if there's a 20% SPY drop from the ATH. If not, I will just keep it this way forever. + +It puts me more at ease knowing that I can take advantage of the next "dip" if it happens. +Hi, + +Yesterday I purchased a CPO 2020 Hybrid Camry with >10k miles on it. I do really like this car. When I purchased it I reasoned it out to myself that I will probably have it for 10+ years. It has great safety features, extremely good gas mileage, and is good for the environment. + +While there are plenty of logical reasons to have this car, I don't know if it was a good financial decision for me. The payments are $390/month with a 72 month term at 5.9%. My credit score is around 710. I bring in about $3500 a month and have very low expenses. + +I let myself be talked into buying this car because I was paying 16% interest on my old car, which I still owed nearly 3k on and which had some expensive mechanical problems making it only worth about $500. + +But now I'm extremely anxious and feeling legitimately sick to my stomach because I don't want to be in debt for this long. I have never owed this much at any point in my life, and I've read so much about not having debt being the best thing ever that I feel like I've royally screwed myself. I have 3 days to bring the car back to the dealership, but I'm a nervous wreck and I'm trying to decide if the financial benefit of taking it back outweighs my anxiety. + +Would it be bad for me to keep the car? Is carrying debt really that bad? + +&#x200B; + +Edit: + +All right everybody, I feel sufficiently shitty about myself. I called the dealership and I'll be taking the car back for money back. It's too bad because I really do love the car. But y'all are right. +[Original post](https://www.reddit.com/r/Superstonk/comments/nk5cvm/youre_gonna_need_to_file_a_13h_after_you_finally/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) from 1 year ago. Re-posting as I think it's quite important and there's a lot of new people here who may not have seen it. All credit to u/whats-left-is-right. I suggest you go through the comments of that post too. + +**TLDR:** 10 days after selling $20 million of stock in a day or $200 million in a month you are required to file with the SEC as a large trader by submitting a 13H. **Get a professional advisor (legal, taxes, finances...) when the time comes so you don't fuck up.** Ideally you should start scouting them as early as possible as good reputable ones will be in high demand. + +Source: [https://www.sec.gov/divisions/marketreg/large-trader-faqs.htm](https://www.sec.gov/divisions/marketreg/large-trader-faqs.htm) + +# BASICS + +**What is an NMS security?** \--> GME + +https://preview.redd.it/ok9m5aruvd691.png?width=608&format=png&auto=webp&s=3b21f75b158efec4c4c2ede1db0d489ef9ffd9e7 + +**Rule 13h-1(a)(i) - What is a large trader?** \--> you with your GME shares in one or all your different brokers + +https://preview.redd.it/ssdp0lynwd691.png?width=625&format=png&auto=webp&s=4add7328ca5ef428b0481d98b38c6d7bded5c93a + +**Rule 13h-1(a)(7) - At what level to add the data?** \--> Aggregate transactions across all brokers that are equal or greater to the specified levels. + +https://preview.redd.it/vxtgjxuxwd691.png?width=659&format=png&auto=webp&s=13d00b9d6b9b6853c8aecf70968dea3e5d3bc06c + +**Rule 13h-1 - Calculating the threshold** \-> If your total transaction value across all brokers adds up to the threshold, you gotta file one + +https://preview.redd.it/64rc34pkxd691.png?width=653&format=png&auto=webp&s=f749eeb995634b1c46695b18d1cfcb29e5905e8a + +**What are the "specified levels"? -**\-> 20 million in 1 day or 200 million in a month + +https://preview.redd.it/mpsvsu17yd691.png?width=592&format=png&auto=webp&s=4f57fc8e806e2eaed26a1e7f1e2d268cf080342d + +**What is a LTID?** \--> A personal number you use to tag all your transactions (irrespective of broker) + +https://preview.redd.it/nisbqcbb4e691.png?width=662&format=png&auto=webp&s=639d1c000cab977dbe4f7dd945986d514192b39b + +# When should you file? + +> "Rule 13h-1(b)(1)(ii) specifies that an annual filing must be made “within 45 days after the end of each full calendar year” + +It does not mention "10 days" in the original link, but this other [SEC pdf](https://www.sec.gov/rules/final/2011/34-64976.pdf) mentions this as well as [IBKR](https://ibkr.info/article/1842) page. + +[SEC pdf](https://preview.redd.it/4ewuf2v92e691.png?width=873&format=png&auto=webp&s=76e288a8e3e1a77c52bb3a1372fadc3a347ee9f6) + +[IBKR](https://preview.redd.it/vpacx46q0e691.png?width=1007&format=png&auto=webp&s=f5ec2bfc19b3e458768b333fd558921c3fc760ce) + +Unlike Kenny, don't fail to deliver. + +# How to gain access to the EDGAR system? + +Submit a form ID, get credentials/password, then you can file 13h through EDGAR. All very boring stuff, so if you sniff crayons leave that to professionals unless you really know what you're doing. + +https://preview.redd.it/r2jfdb1c3e691.png?width=853&format=png&auto=webp&s=af7b921189f8ecb531956ce96195a8b053e56e86 + +**You file your 13-H, now what?** \--> You get your LTID + +https://preview.redd.it/ayp2ppof4e691.png?width=865&format=png&auto=webp&s=5ca4bbfd92d31ff2d606ce9315a7f03b6beabdc2 + +**LTID format** \--> 8 digits + 4-digit suffix + +https://preview.redd.it/zyf6axw55e691.png?width=654&format=png&auto=webp&s=e487344d007d506193256ae34d80355302d8b96e + +**What happens if I don't have an LTID?** \--> You broker assigns you one + +https://preview.redd.it/0239aig75e691.png?width=653&format=png&auto=webp&s=004df7599a9b2bf323a56ee581355e6b8960d9aa + +**I am an international ape do I need to file one? ->** Yes -- Assume you have to unless you verify otherwise. Essentially, if you're not in the US but use a broker that's in the SECs system your still required to file a 13H but you may file a different form asking for exemption. + +If you feel your head is exploding by now, its OK, take a break, you deserve it, and listen to this remix [song](https://www.youtube.com/watch?v=GRf4AXTKVEs) as hedgies are falling and crypto is crashing. + +Peace +Air canada under $23 looking to add to my position just curios what people think of the stock here is my take on positive and negative: + +Positive: +Everything starting to open up slowly people starting to book travel for the fall and winter + +Negative: +Covid fear (including new variants) inflation (people having less money to travel) fuel costs + +I think at this price you have a chance to double in 24 months ( people are fed up and want to get back to travelling)and think downsided if things go bad it could drop to maybe $17 +Any thoughts or anything I missed? +I'm 35 and my S&S ISA is triple the size of my pension pot. + +I was late to start my pension admittedly. I was a contractor for years and simply never bothered. I'm now a permie with a decent employer contribution and sacrificing a fair bit. In total i'm sinking £1100 per month into it now and i'm trying to play catch up. + +I have always invested into my S&S ISA though, and I've had very good returns. + +I don't salary sacrifice all of my earnings above £50k which seems to be the general advice here. I'm happy to pay 40% tax now and get my hands on that cash so I can plough it into my S&S ISA and try to grow it into a much larger pot which I can access whenever I want and (crucially) never pay a penny tax on the returns. + +I'm quite active and aggressive with my investments and I average about 20% growth per year (i've had 50% some years). + +The way I see it, the age at which you can access your pension is getting higher and higher, the lifetime allowance is getting ever smaller and you're going to be taxed on it anyway. I don't even know if i'll make it to see my pension. + +My plan is to build up a huge £1 mllion+ ISA pot. I honestly believe this is not unrealistic for me over the next 5-10 years and this will hopefully provide me with a tax free income for the rest of my life. If all goes well then the pension is just a bonus. + +I guess you're weighing up what's worth more to you - the 40% "top up" today or the chance to draw down completely tax free on the pot in the future and earlier access. You can't possibly know which option will be turn out to be more lucrative. +I feel like small towns keep a bubble over their people. We had one gas station, one grocery store, and even fewer jobs- and the jobs they did have were min wage so it’s a constant struggle to actually have a life. + +I gave 6 years to a company and never once received any sort of raise or benefit package. It was depressing thinking that job was my only option. I said fuck it, talked to my bank, and got pre approved for a loan. I was scared but it’s paid off now that I’m sitting in my own space. + +Getting out of there Feels good man. Our mortgage payment is 440 a month and I can make that on my 14/hr job. Yes it’s a small house (685 sq ft!) and I don’t have any children, but I still feel a sense of pride owning something at 28 years old. I can walk to work if I want. +I feel like I’m actually doing something positive with my life. + +Edit* to clarify some things up; no, I didn’t put any money down. I went through a USDA loan as that was my best option- talk to your bank about yours. My interest rate is still very low. + +2. I live in a low cost of living state, Missouri. I moved from a town of 500 to a town of 5000, the houses here are about 80k. I realize this is not achievable in most large cities. I literally left everything behind and was able to relocate to a new job and start over. I’m incredibly lucky, and thankful. + +3. I got the job before closing on a house. I had to make sure I was able to support myself before actually moving. +I had a goal to save enough money to buy a small sailboat to live on ($10k - $20k). I wasn't making good money and I lived in an expensive city, so every little thing I could do to save I did. I also have adult ADD, which makes everything a little harder and it's caused me problems in the past. Combined, it's a recipe for poverty finance. + + I'm posting this from the cockpit of said sailboat just a couple months shy of three years later. Anyone can accomplish a reasonable goal if I can. + +1) Cook at home, bring lunch, never eat out (giggidy) and have a meal plan. + +2) Eat a banana or two before each meal. They are cheap and filling and I eat less of the more expensive food. + +3) Bulk Foods, my favorite is WinCo. Buy it, break it up, freeze it, store it, and budget it from a meal plan. + +4) Goodwill, Thrift Stores, eBay, Craigslist. Used everything but underwear, socks & food. + +5) Generic everything except shoes. Cheap shoes aren't a bargain and after a day my dogs are barking. + +6) Coupons. Seriously they don't get enough credit. Write a letter to the companies that you purchase products from and ask for coupons. Send a short letter about you goals and just ask. Sunday paper left at work, bus stop, laundry mat, nobody takes the coupons. + +7) Stopped going out with friends. This was the hardest one for me and on me. I miss(ed) them but I wanted my goals more than The Bar or Bad Decisions Friday. + +8) Cut The Cord. No cable, just Internet. No streaming services, but I did have News Groups for $10/m). + +9) Built a budget and stuck to it, and paid all bills on time. No late charges. + +10) Paid cash for every thing I could. I can't remember where I read it but I remember the article saying it psychologically 'hurts' more to pay cash than to just swipe the card. After two months I saw an almost 7% savings in my outflow than the previous two months on the card with no other noticable changes or quality of life. + +11) Got rid of my car and associated expenses. One employer provided a Metro card free of charge for two years. I used the travel time to read on my Kindle, shit surf or listen to music. That was $175/m insurance and $225/m parking saved, not to mention fuel. It took some getting use to but tremendous savings were to be had, so I did it. + +12) I created a SCRUM(ish)/ToDo wall in my hallway with Post-it notes that I HAD to walk by every day. It was a visual representation of The Goal and all of the jobs that had to be completed in order to get there. It's way easier to concentrate on small jobs than get overwhelmed by the massiveness of it. + Putting a job into the Done column gives you a rewarding feeling, I shit you not. + +13) *This* is the single most important thing I did. + +I opened a separate savings account from my main bank at a Credit Union who had a branch right around the corner from my apartment. I made it very clear that I wanted a Savings account, not tied to or bundled with any other type of account AND I wanted an ATM ONLY card without the Visa, Or MC. + +At my Direct Deposit bank going by my budget, my Scrum wall and any unforeseen expenses that week (cat vet, something broke etc) and retrieved that amount in cash. I would also retrieve the amount going into savings at the Credit Union that pay cheque and then walk from the DD ATM to the CU ATM and deposit it. That way the money was 'real' to me. I had seen and held it, it was mine and I could do whatever the fuck I wanted to. I *chose* to deposit it. Some good feelings there, I can't overstate this enough. + Then I would take that week's printout and put it on the fridge. + +14) Only take as much cash with me in the morning that I needed for the day, leave the cards at home. I kept an emergency $50 in the wallet so I knew no matter where I was in the city or outskirts I could make it home. Never touched it. + +I found having a goal driven life was very important for me. It took me three long ass years, but now I have my boat, it's small, and it needs a little work, but she's mine and I own her outright. She's capable of taking me to see the world (except the poles) and that's no joke. + +That's the new wall I'm working on now 'See the world, one anchorage and port at a time' wall. + +I hope this can help you on your goal(s) too. It was a tremendous success for me personally. I know there are a few things I could have done to optimize this or do differently, but this is what actually worked for me IRL. + +Sorry for any bad formatting, I'm on mobile. +[edit for spelling] + +[2nd edit] + +Reddit hugged my website to death, so I've upped my service to bring it back online, so another $10/m I didn't count on, but have a slush fund in which to draw from. - Love you guys. +Zillow CEO Spencer Rascoff, in a Tweet, announced that Zillow will now start flipping houses. This is not a joke. Do you flip houses? Do you buy, rehabilitate and sell properties? If so, Zillow is now your competitor. Does that upset you? If so, here's how you can fight... + +Demand that real estate agents and, especially, brokerages you hire do not syndicate your properties to third-party sites like Trulia and Zillow. Trulia, if you're not aware, is now owned by Zillow. Do you work with an agent who uses dotloop? dotloop is also now owned by Zillow so refuse to sign any paperwork using dotloop. Tell your agents and brokers that you will refuse to list your properties with them if they continue to syndicate your properties to Trulia and Zillow. Brokers have the ability to stop syndicating their listings to Trulia and Zillow and other third-party sites with a simple click of a mouse. + +My brokerage, Hub Edge Realty, has never syndicated its listings to any third-party sites except Realtor.com, because Hub Edge Realty's MLS, MLS PIN, has a pre-existing agreement with Realtor.com, and MLS PIN Homes, because it's MLS PIN's own search site and is not bedraggled with competitors' advertisements. Third-party sites play fast and loose with your data. I want to control the narrative that is your property and I can't do that when the Zillow Zestimate is used by buyers to negotiate. + +Did you know that Redfin has also entered the house flipping business through RedfinNow. Redfin is now your competitor. Do not use Redfin to buy or sell real estate. Simple. + +This is serious business... Redfin and Zillow are now your competitors. They are buying houses that you could've bought... +Greetings all - I'm curious as per the inner workings of a retail FX broker. I know most trades are simply against the broker and they offset risk in the "real" market at their discretion. + +But does anyone have any information on how the business actually operates? Like do they bucket customers by historic profitability? Do they just group everyone and offset the trades? Does the broker have a prop trading group and trade with / against customers? + +Curious to hear from people in the know mostly. Specifically interested in US brokers. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +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! +Ok all, Grandpa is a finance nightmare. He has been for his entire adult life. + +Right now he is at the hospital stressed because he can't be at home rebuilding transmissions to pay the bills. He and Grandma live behind my parents house and do not have to pay rent. + +I really want him to be able to enjoy retirement at least a little bit, so I suggested we get rid of the car since he ain't going to be driving for Uber anymore, he doesn't drive it, and the payment on the car is a big part of his stress. + +I had no idea how upside-down he was. They offered $9,500 on his Prius and he owes $17,500 on it. + +I'd like to better understand the options. Voluntary repossession on the car seems ABSOLUTELY required. + +EDIT: I worked all night and I am finally going to bed, thank you everyone for all the help! I cannot wait to read through all of this with my parents this evening. + +Thank you thank you thank you for taking the time. You have no idea what it means to me. +With the markets continuing to fall, I'm sure everyone enjoys a little risk diversification. During periods when there is either a negative or no big market movement, passive income streams supply some extra cash. With the present environment, this can be accomplished in a variety of ways. Here are my favorite methods of generating passive income through cryptocurrency holdings. + +* Using your own private crypto wallet, stake your currency or tokens on your preferred protocol. Validating blocks is a frequent means of contributing to the security of the chain. +* Decentralized or Centralized Lending via a crypto platform and let them reimburse you for allowing the platform to hold or lock up your crypto. In this scenario, the mechanism is different. You can typically get good rates, but the drawback is that you will need to lockup your crypto for higher earnings. Examples are [Haru Invest](https://haruinvest.com/), Celsius, and Nexo. +* With the help of LP Tokens. The most profitable, but also the most risky. You can create a pool of token pairings to be swapped by users. + +How about you guys? Tell me your most favorite holdings for passive income with crypto! +IF THERES ONE THING THE ELITES & MAINSTREAM ARE GOOD AT, it's PSYOPS. THEY WANT MAX ANGER EMOTIONS WITH RETAIL, BETS REDDIT & MAX FEAR FOR ANYONE WHO'S HOLDING A 'MEMESTOCK.' GAMESTOP IS NOT A MEME, GME IS A COMPANY WITH 1BN CASH ON HAND & A COMPANY STRIPPED OF ITS BOSTON CRIMINAL GROUP LURKERS. + +&#x200B; + +>"**Psychological operations** (**PSYOP**) are operations to convey selected information and indicators to audiences to influence their emotions, motives, and objective reasoning, and ultimately the behavior of governments, organizations, groups, and individuals. +> +>The purpose of [United States](https://en.wikipedia.org/wiki/United_States) [psychological operations](https://en.wikipedia.org/wiki/Psychological_operations) is to induce or reinforce behavior perceived to be favorable to U.S. objectives. They are an important part of the range of diplomatic, informational, military and economic activities available to the U.S. They can be utilized during both peacetime and conflict. There are three main types: strategic, operational and tactical. **Strategic** PSYOP include informational activities conducted by the U.S. government agencies outside of the military arena, though many utilize Department of Defense (DOD) assets. **Operational** PSYOP are conducted across the range of military operations, including during peacetime, in a defined operational area to promote the effectiveness of the joint force commander's (JFC) campaigns and strategies. **Tactical** PSYOP are conducted in the area assigned to a tactical commander across the range of military operations to support the tactical mission against opposing forces. +> +>PSYOP can encourage popular discontent with the opposition's leadership and by combining persuasion with a credible threat, degrade an adversary's ability to conduct or sustain military operations. They can also disrupt, confuse, and protract the adversary's decision-making process, undermining command and control.[\[1\]](https://en.wikipedia.org/wiki/Psychological_operations_(United_States)#cite_note-1) When properly employed, PSYOP have the potential to save the lives of friendly or enemy forces by reducing the adversary's will to fight. By lowering the adversary's morale and then its efficiency, PSYOP can also discourage aggressive actions by creating disaffection within their ranks, ultimately leading to surrender." + +HOLD THE LINE. DON'T FALL FOR THE MEDIA. DON'T FALL FOR SHIT. I SOLD SOME OF MY BBBY AT A PEAK TO ADD MORE GME. REMEMBER THE BIGGER PLAN. BBBY IS A SMALL COMPANY BY MARKET CAP. GME IS A 10X THE SIZE COMPANY. COHEN IS PLAYING CHESS. IN TIMED CHESS, THE OPPONENTS HAVE A TIME LIMIT TO MOVE BEFORE LOSING. COHEN IS STEPS AHEAD, CLEARLY. SOMETIMES YOU SEE THE MOVES WHILE YOUR OPPONENTS LOOK FOR THEIR MOVE, THEY BURN THE CLOCK & YOU MAKE A MOVE IN SECONDS. + +GME IS STILL UP WAY MORE THAN ITS PRE-SQUEEZE PRICE. ZOOM OUT. IF ANYTHING, NEXT WEEK IS PEAK SPICE. CRYPTO NUKES TODAY WHILE MEME STOCKS HIT THE NEWS, SOME 'KID' MAKES 100+M & THE LLC IS FAKE? GET OFF REDDIT & ENJOY LIFE THIS WEEKEND. + +DRS ALL TIME HIGH. NAKED SHORTS ATH. MOASS NEXT WEEK. +https://www.cnbc.com/2020/03/20/analyst-anticipates-worst-crisis-since-1929-amid-recession-fears.html + +'Isaacs said the 1929 Great Depression was the closest bear market comparison. After the stock market crash of Oct. 29, 1929, the S&P 500 fell 86% in less than three years and did not regain its previous peak until 1954. + +“That might coincide in mid-to-late April with some abating of the extreme lockdown in Europe, and we should from there get something like a short-covering rally,” he said. + +“This is an unprecedented situation, this is worse than 2008, this is worse than 1987, this is the worst crisis to hit financial markets since the Great Depression.”' +So I'm earning around $90k after super and have enough of a deposit to put 20% down on a $650k property. +I'm going through the process of finding a suitable loan product with my broker they say they're having a lot of issues with my $130k HECS debt and I'll only be able to borrow around $400k. +This seems on the low side to me as I have no other debt. In initial talks with my local bank they said my large HECS debt wouldn't be a big issue and wouldn't massively impact my borrowing power like this. +Is my broker doing a poor job, or do I need to re assess what I can realistically afford? +$SafeMoonRise Live 🚀 On our way to CoinSniper & CoinVote No.1 🚀 Blockfolio 3000 votes ⭐️ CoinGecko and CoinsBit listing 🚀 + + +[https://t.me/SafeMoonRiseToken](https://t.me/SafeMoonRiseToken) + + +$SafeMoonRise combining the safety and secure investment of Safemoon along with the buy-back tokenomics with EverRise , making this a huge investment opportunity with a 7% buy back and 2% redistribution mechanic ♻️ Holders will be rewarded and the pump will continue to develop larger making it more useful than SafeMoon and making it an upgrade from EverRise 🚀 + +Our Website will be launching along with a Twitter , Reddit and Discord and will be making use of all platforms before we apply for major exchanges at launch . further to this we will be using a large marketing budget at a fast pace to ensure our token will reach its maximum potential and best other competitors in a busy crypto market . A clear and concise roadmap will also be laid out with our vision of the coin and where we think it can be taken + +Tokenomics: + + ⁃ Total Supply 1,000,000,000,000 + + ⁃ Initial burn 40% + + ⁃ Buyback 7% + + ⁃ Marketing 4% + + ⁃ Redistribution 2% + + ⁃ LP locked + + ⁃ Ownership Renounced + +Pancakeswap - + +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xF3A747effFE9061BA6c0b81f59e0E3DB5d821d98 + + +[https://t.me/SafeMoonRiseToken](https://t.me/SafeMoonRiseToken) +Hey, I know some of you are big players but this is honestly pretty big for me, my portfolio is not worth a lot but I'm proud of it, I did a lot of research investing on each of the crypto and buying over time has finally got me to 0.1 ETH. + +I just wanted to put it out, I'm gonna be buying more eth and some other alts over time and hodling. Thanks for reading. I'm happy. + +Edit: Thank you everyone for the not financial advice, for all the help and positivity, it means a lot and this community is awesome and super chill. It's truly awesome to be a part of this community. Unfortunately I can't reply for now since i gotta sleep and it's pretty late but I'll come back tomorrow since this post actually kind of blew up. + +Edit 2: holy fuck what am I waking up to. + +Edit 3: I'm trying to reply to as many comments as possible but I'm not doing a great job at it. I am however reading all the comments and they're just awesome. Thank you! +I'm an adult. I didn't expect anything. A nice card would've been fine. It would've been responsible. I haven't worked since March and she can't work and is on disability. + +Just found out about her low balance and sent her money to avoid bank fees. But wtf? I do not understand her reasoning. It's stuff I didnt even need. + +In my view, I wasted my own money to send to her because she wasted hers on gifts. Who wins? The bank charging her overdraft fees. This holiday sucks. + +(I'm extra pissed because she's been telling everyone that she paid off my student loans. I've been paying them BY MYSELF since 1997.) + +**To the hateful comments calling me a LOSER for having student loans:** + +**Thanks, those comments hurt. I am almost debt-free despite all the setbacks. I've been laid off 4 times in the last 10 years. And I've resorted to stacking part-time jobs.** + +**I know a lot of people are in worse condition than me debt-wise. My credit rating is in the mid 700s. I owe very little in high-interest consumer debt. I only have a few thousand left on my student loans. I'm still poor, but I'm trying to be smart about my money.** + +&#x200B; + +&#x200B; +I think this will be my first post, usually Im happy just watching at you guys but today... I bring the happy news; Im a ONE coiner! Celebrating my first full ETH!!! 🎉🎉 +So I've been working towards buying a home in the Northeren suburbs of Perth. Probably somewhere around the Kingsley, Greenwoood, Padbury area. + +Yet, despite the current situation and bleak financial outlook, properties in this area are under offer within days of being listed. Some without even holding public viewings. I thought most people would be holding off and waiting until mortgage holidays, Jobkeeper etc all end before buying, but these places are selling like sausages at Bunnings! + +So, what's the deal? Are these suburbs that sought after? + +Cheers +Minneapolis, Minnesota. + +I can't lift over 20 pounds, have sensory issues to sound, hate coding, hated school and struggled in the easiest classes even with tutoring, can't stand for more than 30 minutes nor sit for 30 minutes, I have to mix it up. I have a fused neck naturally, scoliosis, flat feet, autism, and ADHD. No careers seem to fit me or they barely pay enough (like 20k<). + +I wanted to become a photographer, trucker, police officer, be in the army, dog groomer, auto mechanic, forensic pathologist, radiologist, train conductor, etc + +Either need years of school beyond college or don't pay at all. + +Photography is the only career ideal for me personally where I can sit and stand as a mix while tolerating it. + +Was told to post my Instagram. Forgot I even had one for photography, I guess here it is + +@theclickingenthusiast + +Should be a terrier dog as my profile picture +Ripple labs has been funding "research" along with government entities to spread propaganda against Bitcoin and mining. + +In 2021, they funded a hit piece that claims energy prices for consumers in New York has increased by $6 per month because of mining. + +[Claim: Mining drives up household electricity bills](https://preview.redd.it/m0ta2tae4xb81.png?width=1318&format=png&auto=webp&s=8079d16b0fde7bc74ebd204d4362ff823da26d3f) + +Surely its not the soaring costs of natural gas that is driving up electricity prices, but mining? + +[Since June 2020, Natural gas prices have gone up by 350&#37; in the USA \(Henry Hub natural gas futures rolling contracts\)](https://preview.redd.it/iprxvhfj5xb81.jpg?width=2610&format=pjpg&auto=webp&s=e4da2516b82eb585706d4d1af417320b5b82889e) + +[Not just in USA, in UK, natural gas is at decadal highs. ](https://preview.redd.it/v2gl6rmx3xb81.jpg?width=3094&format=pjpg&auto=webp&s=9dae03fee6dfbbfaf58df82519db809462d01254) + +Surely, electricity prices that consumers pay have nothing whatsoever to do with inflation, or soaring gas prices that are in decadal highs.. but is due to bitcoin mining?! + +Crude oil WTI futures are currently at 84, for comparison it was around 56 in Nov 2019 (pre pandemic). The last time WTI was above 80 was all the way back in 2014. Increasing crude oil natural gas prices, along with inflation that is at multi-decade high is not the reason for increase in household electricity, but its bitcoin mining that is responsible.. + +[Thats according to this study funded by Ripple in collusion with the Department of Treasury. ](https://preview.redd.it/a4z5aqnyaxb81.jpg?width=1944&format=pjpg&auto=webp&s=6656489541bece07a0e9b83837d42345157f987c)... The same Department of Treasury headed by another well known Bitcoin hater Janet Yellen, who earned $7m as "speaking fee" from the same banks she is supposed to regulate but has tried to stifle Bitcoin and crypto at every opportunity. + +Research with "financial support" is nothing but propaganda, especially when it's funded by a competitor to bitcoin that lobbies with the government. Ripple continues to be a centralised premine scam created to enrich its founders. + +Ripple has also cozied up with the likes of WEF, the very organisations Bitcoin was created as a fuck you to. [https://www.weforum.org/organizations/ripple](https://www.weforum.org/organizations/ripple) + +As its price and narrative around the shitcoin has stagnated, Ripple is resorting to dirty political tricks to get a leg up. As usual, they will fail. + +The narrative that bitcoin mining companies cause increase in electricity bills in NY is rubbish, as the largest BTC mining companies in New York produce their own energy. Infact the last one to start mining in NY is a hydro electric plant that was unused for years, before they started mining Bitcoin last year. + +[https://www.timesunion.com/news/article/Mechanicville-hydro-plant-gets-new-life-16299115.php](https://www.timesunion.com/news/article/Mechanicville-hydro-plant-gets-new-life-16299115.php) + +The other large mining company Greenidge Generation also produces its own energy. + + +Edit: Buttcoin losers in comments say "reee bitcoin move to POS or govt will ban it" + +Yeah not too bright, the whole point of Bitcoin is that it cant be banned unlike the proof of stake shitcoins you support that can be created out of thin air at the press of a button and shut down at the press of a button. + +Another one who is literally a war monger calling for Ukraine invasion but pretends to care about global e-waste. Lmao. Bitcoin haters are really a funny bunch + + +Edit: Ripple shills keep brigading and claiming where is the paper, of course if you are as bricked as a ripple fan boy you need to be spoon fed everything. Well here is the paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3779720 + +And if you open up the first page of it, says + +> **Benetton and Compiani acknowledge financial support from Ripple’s University Blockchain Research Initiative.** + +i.e this whole "paper" is nothing but a hit piece propaganda sponsored by a competitor + +The other writer of this paper is Adiar Morse, who conveniently works for the Dept of Treasury under Yellen: + +https://newsroom.haas.berkeley.edu/prof-adair-morse-joins-biden-administration-as-a-treasury-department-deputy/ + +Seems like natural career progression - collect funds from Ripple to publish propaganda against Bitcoin, and get hired by Yellen who has been promoting propaganda against crypto for years now. Nothing to see here. + +Final Edit: Jjust look at the number of freshly created "Tin" accounts that have popped up in the comments to shill for XRP. Didnt realize 2017 left so many bag holders. It must be real miserable with these heavy bags that are at 1/3rd of their 2017 ATH, while almost every other coin has gone up hundreds of % and made new highs this cycle. Thats what happens when you become exit liquidity for mccaleb, garlinghouse etc. + +Lol at the shills shouting "REEE ripple is a company XRP is decentralised token". They really did you good with this one small trick. +Thats also the reason garlinhouse drives a shiny car while you are down 50% on your shitcoin investment. + +The D in XRP stands for decentralised. It was always a premined scam token and will always be one. Thousands of tin bagholders wont change this. +I’m really wanting a new Chevy Bolt. Chevy just discounted the price of their Bolt less -$6500. With a trade in I’d be looking at about $24k car or about $555 per month with car payment/insurance. + +I’m not usually a fan of car payments. I have an old Honda Fit that I own and is very reliable, but gas prices are so high right now, even after getting 30 mpg in my Honda. + +My current bills are roughly $1100 per month including rent and my personal bills. I’m going to be starting a new job in 2 weeks that’s $85k per year salary. + +I know I can afford it but my question is should I even buy it? Is it worth it to get another monthly bill just to save on gas? Or continue on with the car I don’t have a payment on but pay exorbenant gas prices. +[https://www.reuters.com/technology/crypto-hedge-fund-three-arrows-capital-has-entered-liquidation-source-says-2022-06-29/](https://www.reuters.com/technology/crypto-hedge-fund-three-arrows-capital-has-entered-liquidation-source-says-2022-06-29/) + + LONDON, June 29 (Reuters) - Crypto hedge fund Three Arrows Capital (3AC) has entered liquidation, a person familiar with the matter told Reuters on Wednesday, in the latest sign of the market downturn hurting the crypto industry. Singapore-based 3AC is one of the higher profile crypto investors to have run into difficulties following the sharp sell-off in the market for digital currencies seen in recent months. Crypto broker Voyager Digital issued 3AC with a default notice on Monday after it failed to make payments on a loan of 15,250 bitcoin (approximately $324 million) and $350 million worth of USDC, a stablecoin +As in the title, does the 100k protection offered by banks also cover ETFs and other asset bought trough them? Or does it cover only the cash in the account? + +I'm asking this because that would be a pretty influential factor between investing through a bank or trough a broker like degiro (only 20k protection). + +Thanks! +**How much of your net salary (in %) do you spend on housing ? (including charges like water/electricity/gas/internet etc) ?** + +To explain my situation, I've recently got a substantial raise of salary (I earn around 2900euros net per month) and since I need to find a new flat (for personal reasons), I was wondering how much it is reasonable to spend on your housing if you want to save some money also ? + +I started checking flats and there seem to be a huge difference between 900 and 1100 euros where I am (including elec/water/etc). But I've never spent so much on a flat (Until now I was spending around 600 euros because I was sharing with a friend and I was trying to save a lot of money for a trip) + +I am single (26) and I'm not into luxurious things, but I would also like to save some money for future projects. And spending 1100 euros on housing on 2900 is like 38% of my salary + +&#x200B; + +Does this seem reasonable or not to you ? +About me: Young-ish, single, non-EU living in Germany and planning to stay here. If I marry/have a kid it won't be for the next 4-5 years. + +Current finances: I have a little bit over €20k in my bank account. This should be more than enough for 6month+ of living expenses/emergencies. Have about €5k in ETFs + +Monthly surplus: €1000-€1200ish during normal times, €1500 since March (lockdown helps save monies). + +So my questions is if it's a good idea to dump the €1000-€1500/month's surplus I have currently all into ETFs (MSCI world + emerging markets, 80:20). I feel the €20k cash in my bank account is enough of a buffer for emergencies and feel buying ETFs makes more sense than adding to it. Thoughts? Other ideas? +BTW, I lost 60% of my initial investment in Bitcoin and some other altcoins 1 week after I made my first time purchase. I felt like throwing up, but after that dump, I started to do research more about Bitcoin. It's the future. And then I started to HODL and DCA my purchase. I felt nothing about yesterday's dump because I was still in huge profit even when Bitcoin correct 50% + +Remember, + +1)the government are printing unlimited amount of Fiat currencies + +2) Smart Money (Whales) number are growing rapidly + +3) The retail investor FOMO hasn't really started yet + +4) Time in the market will beat timing the market + +So, stop freaking out, and start HODL the fuck up! +Source of the latest GameStop announcement: https://news.gamestop.com/static-files/33c3ed1d-f47e-403f-81f7-9b75d3cf1adc + +Apes, it's important that we read from the source of information before arriving at conclusions and posting to reddit. Remain skeptical, **always**. + +The latest PROSPECTUS SUPPLEMENT states the following: + +>We **previously** entered into an Open Market Sale Agreement^SM, or Sales Agreement, with Jefferies LLC, or Jefferies, **on December 8, 2020**, relating to shares of our Class A common stock, par value $0.001 per share, or common stock. In accordance with the terms of the Sales Agreement, we may offer and sell shares of our common stock from time to time through Jefferies, acting as our sales agent. Under this **prospectus supplement** and the accompanying prospectus, and in accordance with the terms of the Sales Agreement, we may offer and sell shares of our common stock having an aggregate offering price **of up to $1,000,000,000 (but in no event more than 3,500,000 shares of our common stock)**. **On December 8, 2020, we filed a prospectus supplement relating to the offer and sale of shares of our common stock under the Sales Agreement having an aggregate offering price of up to $100,000,000.** We have not sold any shares of common stock under this previously filed prospectus supplement, **which is replaced and superseded in its entirety by this prospectus supplement.** + +The [previous prospectus](https://sec.report/Document/0001193125-20-312805) had no cap on total shares that could be sold, but it does assume that the sale would be roughly 6,116,207 shares for up to $100,000,000. This [new prospectus](https://news.gamestop.com/static-files/33c3ed1d-f47e-403f-81f7-9b75d3cf1adc) (which replaces the previous one) does, however; cap the total shares that can be sold to 3.5 million shares instead AND does so for up to $1,000,000,000. + +As far as I am concerned, they just increased the maxiumum cost of their shares available for sale. Why would they consider _possibly_ $100,000,000 for _possibly_ 6 million shares when they could consider _possibly_ $1,000,000,000 on _up to_ 3.5 million shares instead? + +This tells me that they value their shares a LOT more now than they did back at the end of 2020. This is a good sign to me and _extremely bullish_ news. + +[Also...](https://www.reddit.com/r/wallstreetbets/comments/mi9hdf/gme_yolo_update_apr_1_2021/) + +_*Opinions expressed are entirely my own. Do your own research before arriving at conclusions - I could be entirely wrong here. The contents of this post do not constitute financial advice. The contents of this post are for entertainment purposes only. 🚀 🚀 🚀_ + +-------- + +Edit: Apologies for the typo in the title! Previous prospectus is from December 08, not 2008. 🦧 + +Edit 2: Thanks to u/leetodai and u/Navigator161 for pointing out the previous prospectus was for an assumed 6 million shares. Feeling even more bullish now. + +Edit 3: DFV's latest tweet seems to _corroborate_ this DD: https://twitter.com/TheRoaringKitty/status/1379071447633698819 +15 year finance industry veteran, 2x finance degrees... I’m buying heavily right now. Currently at 1.2 beta, moving to 1.5 over coming weeks. + +The stock market precedes the economy; the current decline in stock indices is preceding the expected decline in economic growth (GDP). Since the stock market and the economy are slightly out of phase, it’s not uncommon for the stock market to begin rebounding as the economic data worsens. + +The reason I’m posting this is, if you see that the market is down 30% now, it’s easy to think “wow it’s really going to go down in 2,3,4, etc months when this hits unemployment, GDP slows down, etc” but the reality is the market is reflecting that future data now, so it may be strongly rebounding just as economic data is at its worst. + +Great example is 2009, the US economy was in shambles but the S&P finished the year up 26%. Yes it had a lot of room to run (-37% in 2008). 1987, a rapid market collapse similar to 2020, finished the year positive 5.25%. + +Stay strong my brothers and sisters. + +“At the bottom, stocks will be cheap and no one will care." -Bob Farrell + +edit: new tweet 3/19 + +@walterdeemer + +1/ In my experience, support levels and downside price objectives don’t work well in a decline like this; the market is likely to reverse out of the blue at a now-unknowable level. + +2/ The news will still be bleak when it does, and will remain bleak throughout the bottoming process and during the early stages of the next bull market. #WallOfWorry +&#x200B; + +https://preview.redd.it/lcctwoi5r2281.jpg?width=700&format=pjpg&auto=webp&s=8a86d51eb014847a54988e91e2b50bd7f27a7813 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +https://preview.redd.it/0eprl007r2281.png?width=1200&format=png&auto=webp&s=ba7248446100e67c48497236529425f940cfcd4f + +Aurizon traces its roots back to Queensland Rail, whom were founded in 1865 when the State government endeavoured to link up the scattered towns along Queensland’s coast. Over the many years of their operations, they established bulk and container transport business. In 2004, these divisions were split off from Queensland Rail under the banner of QR National and was subsequently floated on the ASX on 2010, and rebranded as Aurizon in 2012. + +&#x200B; + +[FY21 Report](https://preview.redd.it/e6g0u238r2281.png?width=1500&format=png&auto=webp&s=b54bddfd4dbe33fb005ab2fe66e1154cd5e5bff4) + +Since then, Aurizon has focused its business to coal & bulk transport only, cutting loose its intermodal container business. It has also expanded its footprint to include major networks the other States like NSW and WA. Aurizon has grown to be the largest rail-based transport businesses in Australia. + +# The Checklist + +* Net Profit: positive 10 of last 10 years. Good ✅ +* Outstanding Shares: trending down (!) L10Y. Good ✅ +* Revenue, Profit, & Equity: R & NP stagnant, E trending down. Neutral ⚪ +* Insider Ownership: 1% w/ absolute ton of on-market buys. Good ✅ +* Debt / Equity: 92% w/ Current Ratio of 1.1x. Neutral ⚪ +* ROE: 10.3% Avg L10Y w/ 12.8% FY21. Good ✅ +* Dividend: 7.0% 10Y Avg Yield w/ 8.5% FY21. Good ✅ +* BPS $2.32 (1.5x P/B) w/ NTA $2.3 (1.5x P/NTA). Good ✅ +* 10Y Avg: SPS $1.82 (1.9x P/S), EPS 29.8cents (11.4x P/E). Good ✅ +* Growth: -(2.0)% Avg Revenue Growth L10Y w/ -(1.9)% FY21. Neutral ⚪ + +**Fair Value: $4.91** + +**Target Buy: $3.72** + +Looks like a very solid reliable business overall. Probably no surprises here, given its position essentially as a monopoly in its industry. I should note that the growth as neutral in large part because the share buybacks have been able to keep pace with the slight decline in nominal revenue. + +# The Knife + +[marketindex.com.au](https://preview.redd.it/nf3yauqer2281.png?width=1844&format=png&auto=webp&s=5a0d9d098b2048bb7f22f2ff1817090a4f444df8) + +At their all-time high, AZJ broke the $6 mark. In fact, it held around that level quite solidly for most of 2019. However, when the crash in 2020 came along, the floor fell out, and AZJ plummeted like a rock. It hit a multiyear low of $3.38 on the 23rd of March. Interestingly, that price level proved to be quite short lived at the time. Only a few days later, AZJ had popped back up to just under $5.00 and looked bullish going into the middle of that year. + +But the last 18 months have not been kind. By Nov of 2021 AZJ had broken its March 2020 low, albeit only just, and is now trading as though the ASX were still deeply in the red, sitting on 4,400 points like it was on the 23rd of March. As of the close of Friday 26th of Nov 2021 @ $3.44, those that bought AZJ at its all time high would be 44% down on the capital of their investment, with the stock now trading in a range that it used to 10 years prior. + +# The Diagnosis + +The Short Answer: AZJ really COP’d it. + +&#x200B; + +https://preview.redd.it/2ey7zckgr2281.png?width=1000&format=png&auto=webp&s=9bd14e413cd716bea9ed210913cf534c90070cb6 + +The Long Answer: It’s actually somewhat interesting trying to pinpoint the issues involved with Aurizon. Overall, the business looks strong. Indeed, they are posting better results than they were in FY19, and with fewer shares outstanding. Genuinely, the ESG concerns are very likely the primary culprit here. With major pressure now for institutions to show their commitment, many previous stalwarts of the Australian stock market have been showing unusual weakness in their share price, often with price levels not seen for a decade. + +&#x200B; + +https://preview.redd.it/63819vbhr2281.png?width=1065&format=png&auto=webp&s=46fa1ce66ae9512efe29f6d9028f6e42bbb5f039 + +Looking at the 10-year consolidated figures, one might point to the drop off in nominal revenue, but when considering the per share figures the differences are marginal at best. For example, despite the revenue being nearly $700m less in FY21 than 10-years prior, the relative SPS actually increased due to there being 600m less shares outstanding. The EPS for FY21 of roughly 30cents is well in line with their previous years. + +&#x200B; + +[tradingview.com](https://preview.redd.it/n240jh9ir2281.png?width=1843&format=png&auto=webp&s=5b84405dc092e6ddee49f9058f13d095c4ac44d3) + +Interestingly, AZJ trades a lot like a bank stock. For example, the 2016 dive was mirrored to a smaller degree by the big 4 banks at the time. That year commodity prices in both the iron and coal sector were bottoming out at decade lows. Long-term prospects looked pretty rough for many operators. Given that 35% of Australia’s exports are from the mining sector, and primarily of these two commodities, it makes sense that there were wider scale economic implications. It just so happens that a couple of the biggest drivers of the Australian economy are transported on AZJ’s trains. As such, the company’s prospects are linked to macroeconomic factors more than anything else. + +Furthermore, AZJ’s business is essentially a monopoly with long term price contracts. That means predictable and consistent revenues. The main concern is really just about capital management. Add to that AZJ’s many share buybacks over the years, investors otherwise can be relatively confident in maintaining their capital investment (at least on fundamentals sort of level). All of this means that the value of an investment in AZJ rests entirely in its ability to reliable produce a profit. In other words, yield. Perhaps yet another reason it trades like a bank stock. + +# The Outlook + +Therefore, it would seem quite simple to determine if the future for AZJ is bright or not, but of course nothing is as simple as it seems. Case in point is the current circumstances of its share price. Under ‘normal’ circumstances I think AZJ would be trading quite well right now. But with so much institutional focus now shifting hard toward ESG, it would seem that the big players have their hands full and would rather not get tied up in what is now considered a legacy industry. + +This might be seen as somewhat simplistic though. A third of AZJ’s business is in bulk transport (e.g. iron ore) with a further third of its business concentrated in metallurgical coal (i.e. steel production). Even still, its perhaps too big of a hurdle for investment managers to stomach the idea of buying a business of which 68% of the revenue is tied in with the coal industry. + +**The Future of Coal** + +Despite all that, the coal industry would seem to be doing quite well. + +&#x200B; + +[“Resources & Energy Quarterly Sep 21” – industry.gov.au](https://preview.redd.it/gz9tg48kr2281.png?width=1822&format=png&auto=webp&s=e64d23ec8a35d11ab445933743e7a0a3784b331e) + +Forecasting by the Department of Industry, Science, Energy and Resources in the latest Resources and Energy Quarterly projects coal exports for the next two years to be quite in line with the last decade. Similar forecasting done by the Minerals Council of Australia expects demand globally to increase by about 25% by 2030 in both metallurgical and thermal coal. + +How can this be? + +Should one be watching the news, the Australian utilities sector is replete with stores about AGL closing down big coal power stations like Liddell in NSW in a couple of years (2023), and Energy Australia bringing forward their closure of Yallourn in VIC by 4 years (2028). For all intents and purposes, the time is ticking on thermal coal. On the metallurgical side of things, Fortescue has made big news announcing major investments in its Fortescue Futures Industries, with the goal of developing green technologies in the refining of iron and production of steel. + +&#x200B; + +[“Coal 2020” – iea.org](https://preview.redd.it/mtt1xq7nr2281.png?width=1600&format=png&auto=webp&s=30e497f7fa83b6c398b3d7307f480a08181868d6) + +Well, the trouble is that countries like China and India, along with countries in the developing world, have somewhat different plans in mind. Analysis by the International Energy Agency expects that coal consumption worldwide will remain largely steady into 2025. With Australia exporting nearly half of the worlds coal, there would seem to be quite healthy and ongoing demand for the industry here. + +[“Boom and Bust 2021” – globalenergymonitor.org](https://preview.redd.it/6rwtxdnor2281.png?width=1200&format=png&auto=webp&s=5d51dd301167300fefbac0de2f38c9f9fd74948f) + +The major reductions in usage by the Western world have been more than offset by increases in Asia. Even with the major retirements of old coal plants in the developed nations, there are more coal plants today than there have ever been. The biggest driver of this by far is China. They have been constructing an unbelievable number of coal power stations in the last 20 years. In 2017 it was reported that globally there were plans for over 1,600 new coal power stations to be constructed in 62 different countries. + +&#x200B; + +[Coal Plant Dashboard – globalenergymonitor.org](https://preview.redd.it/c8w8cshrr2281.png?width=1000&format=png&auto=webp&s=ad9c02ad3b4768aecaaf677e0974483ed59e95d8) + +COP26 endeavoured to address this, but have come away with a fairly weakly worded and nonbinding agreement to “phase coal down,” whatever that means. The thing is, many of the currently operating coal plants are quite new. According to research by Global Energy Monitor, the vast majority of the operating plants were built in the last 20 years. The design life of most coal plants is between 40-50 years, which implies that even if the world commits to building no additional coal plants from this point forward, much of the current infrastructure could be in operation for the next 30 years. + +&#x200B; + +[How dare you!](https://preview.redd.it/ucexzamvr2281.png?width=1100&format=png&auto=webp&s=bece6eb5449299b0b425d5709c90d3d75cabbd69) + +Presumably, the coal industry will continue to rake in the money during that time. + +**Levelized Cost of Energy** + +There is a further and perhaps less recognized dynamic between the green energy industry and fossil fuels and it relates to the relative costs between them. As investors in [AGL well know](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) the utility sector these days is… complicated. Coal, gas, oil, solar, wind, hydro, and nuclear markets do not operate in their own little bubbles. Each are different sources of the same product: electricity. As such, each source is interrelated with the other, because it operates under the larger economic umbrella of the energy market. + +&#x200B; + +[“Levelized Cost of Energy Analysis Oct 2021” – lazard.com](https://preview.redd.it/xv8qg4wwr2281.png?width=2800&format=png&auto=webp&s=a84d69f6fe353a92db3367625d153c45da730e16) + +Considering the Levelized Cost of Energy (LCOE) can help to clarify the point. Some energy sources may be more cost effective when viewed in terms of $/MWh. Within a market setting then lower costed sources are more competitive, as economies look to lower their costs of energy. This naturally results in higher demands for those sources, at least until the rising demand pushes those costs higher. And as those costs rise, additional energy sources become viable alternatives, which broadens the supply base and ‘levelizes’ costs across all sources. + +One might consider then that the profile of energy generation source diversification is a direct manifestation of their relative costs per MWh. And therefore, changes in the underlying costs to produce one source influences the market price of all other sources, as the energy market finds a new levelized equilibrium. + +&#x200B; + +[ourworldindata.org](https://preview.redd.it/znurr3x3s2281.png?width=1500&format=png&auto=webp&s=a9ae0c236608dfafa185923fb97909fbe83a13e9) + +In terms of electricity production globally, Our World in Data indicates that coal accounts for the lions share at about 35% of total production. Keep in mind that much of this is disproportionally in Asian economies. + +**Market Distortion** + +But what happens when some of the largest economies in the world are actively divesting from certain energy sources like fossil fuels? Or otherwise selectively favouring certain sources (e.g. gas) over others (e.g. coal). + +Good news! We’re finding out the answer to that question right now. 😺 + +&#x200B; + +[This meme writes itself.](https://preview.redd.it/54su2k9yr2281.png?width=1200&format=png&auto=webp&s=af2f0bf38859c2464b30f9dcc047ef92a129bba1) + +Europe in some sense is a Petri dish for the kind of energy market distortion an economy can experience when governments selectively shutdown coal and nuclear generation assets in favour of wind and solar, with only gas as a backup. In a simplistic sense, this has artificially limited the supply of energy sources, perhaps with the intention to raise the levelized cost and make green tech like solar and wind more competitive. The trouble is, those sources have not been capable of supporting the shortfall, and the effort has instead caused an energy crisis in that region. Subsequently, the market has put so much demand on the only other viable option, gas, as to have raised spot prices on that commodity almost 10-fold. + +&#x200B; + +[An inconvenient price.](https://preview.redd.it/o5h97ikos2281.png?width=1600&format=png&auto=webp&s=fad86f902cf87c140259cf8ebf4cfab1ae10b393) + +There is perhaps some irony in the fact that as a result of that, the European demand for gas has influenced global supply. To that extent it pushed other economic regions in the world, namely Asia, away from gas and towards other cost-efficient sources like coal. Newcastle coal prices hit an all-time high of $270 USD/t earlier this year, more than double its historical highs, and instigated China to take drastic measures to try to control the price. The European energy crisis effectively had spilled over into their backyard. The implication here is that Western economies divesting away from coal may have the conterintuitive result of driving up demand for it globally. + +I’m not sure if that was the intended effect, to be honest. 😸 + +Part of this is the chronic underinvestment in this sector for the last decade and even more difficulty moving forward for companies to secure funding for developmental projects. Personally I would be hesitant to get involved with explorers in these industries, but it would seem that current producers and industry supports like AZJ will have a very solid demand base for the foreseeable future. At least until green technologies can close the gap on energy production and reliability. + +# The Verdict + +With all that being said, AZJ recently has taken a major step towards diversifying its business, making it more relevant and resilient in the longer term. I think that is ultimately what makes this company appealing as a long term investment. + +**One Rail Acquisition** + +&#x200B; + +https://preview.redd.it/ie9rsvcrs2281.png?width=1200&format=png&auto=webp&s=14d0abc6ed6f1bcd736032aa39e1b6bbda7d6c63 + +In October, AZJ announced that it had signed an agreement to acquire One Rail Australia and that the $2b+ acquisition would be funded through cash and debt. + +&#x200B; + +[Acquisition Investor Presentation](https://preview.redd.it/zxf8uy5ss2281.png?width=1500&format=png&auto=webp&s=fa5c6dbe0a66a3e2df25b248d323461f2c1280ba) + +One Rail’s business spans rail, ports, and transportation infrastructure. Its bulk operations include a major rail network that runs from Tarcoola, SA to Darwin, NT, primarily hauling iron ore. It also runs a fleet of locomotives in NSW and QLD, part of its East Coast Rail (ECR), which transport coal in the Hunter Valley region. + +AZJ plans to sell the ECR assets once the acquisition is complete, with the intention ideally of recouping a large share of the costs associated with the overall purchase. Otherwise, barring an attractive offer, AZJ has proposed that it could instead demerger and spin it off into its own listed entity, “whichever creates greater value for Aurizon shareholders.” + +From historical figures the remaining One Rail network would only really represents a small addition when compared to the larger AZJ business, which did just under $3b in revenue for FY21. Indeed, the ECR portion, which AZJ want to quit, is the more profitable half of the business. This makes the overall price tag of the acquisition merely to gain the non-coal One Rail business seem a bit high. + +&#x200B; + +[Acquisition Investor Presentation](https://preview.redd.it/lx2kbi2us2281.png?width=1500&format=png&auto=webp&s=c066baa71f34fc296a12700f7eaa7ccce3367bd0) + +However, in the longer term, I think that the network that AZJ gain is a game changer for them. The Central Corridor is ripe with opportunity in the very commodity sectors that are positioned to benefit quite well from the transition towards green technology. The region has development projects in copper, potash, graphite, lithium, and nickel to name a few. AZJ as such would be well positioned to benefit in the medium term through ongoing demand in legacy coal, while in the long-term having an incredible footprint in the future green industry. + +# The Target + +Should one be optimistic on the basis of that investment case, it remains to be asked: what is AZJ actually worth? + +Interestingly enough, the market didn’t respond very well to the acquisition news. To be sure, the downtrend was established well before AZJ announced their plans, and I think that solely rests with ESG concerns. Yet, one cannot overlook the fact that the immediate effect of AZJ’s announcement was a 10% drop, going from \~$3.90 to \~$3.40 in a matter of days. + +Some of that might due to the execution risk of being able to offload ECR in a trade-sale. It’s not at all clear who would want to buy a coal transport business given ESG concerns, which means AZJ would be saddled with the additional debt in the long term. + +However, given AZJ historical correlation to bank stocks, I personally think the rerate was much more mechanical, and not indicative of the value of the acquisition itself. But first let’s look at the expected figures. + +&#x200B; + +https://preview.redd.it/chwz4oyws2281.png?width=1065&format=png&auto=webp&s=7a86098ac551bc4b93c9bd660f995eab93306ba0 + +^(Note: One of the primary unknowns here is how the acquisition effects shareholder equity. This is not explored in the presentation, so I’ve have opted to presume that the transaction it is roughly breakeven after the additional debt is factored in. Furthermore, uncertainty around the nature of the demerger of ECR, whether by trade-sale or separate listing,) ^(further complicates the post ECR book value of AZJ. Again, I’ve opted to presume that its ends in a separate listing, which would have little effect on debt levels or equity, though AZJ have indicated that 500m of the transaction would be allocated to the debt against the new ECR entity.) + +Buying AZJ right now is inclusive of later value extracted from ECR, so for the valuation I’ll used the combined figures. Thus, using the per share figures above, we get the following: + +**Fair Price (+ORA) - $4.96** + +**Target Buy (+ORA) - $3.36** + +AZJ have indicated that they will reduce their dividend from payout ratio 100% to 70% for the next couple of years to enable them to service the additional debt obligations. Naturally, the lower yield will make AZJ less attractive in a relative sense vs other yield-focused investments, like the big 4 banks. Interestingly, my estimated dividend payout post acquisition at the rerated $3.40 share price works out to be a very similar yield as compared to AZJ’s historical average yield at their previous $3.90 price level. + +It would seem to me that the market at this stage places AZJ fair value strongly in line with a \~6% dividend yield. As such, the question of bullish or bearish dissolves into one purely of macroeconomic concerns and that of relative yields. What that means for AZJ’s share price into the future, I’m not entirely sure. However, given that the average yield of ASX listed companies since 1980 has been a touch over 4%, it would seem AZJ is a pretty attractive investment if it can continue to pay out at 6%+ yield. At least that is, if one likes dividend stocks. + +# The TL;DR + +Initially started as a division of Queensland Rail, Aurizon has historical roots going back 150 years. Split off and listed in 2010, it has grown to become the largest publicly listed railroad company on the ASX, and has claim to be the largest rail-based transport company in Australia. + +The share price has taken a beating in the last year. With coal transport representing almost 70% of Aurizon’s business, the major push from institutional investors toward ESG lately have likely led it to be cut loose from major portfolios. + +Despite this, coal is projected to be a core part of the global economy for at least the next couple of decades. Additionally, Aurizon has signed a deal to acquire a rail network in the heart of Australia, prime territory for future projects in green tech commodities. + +With a foothold established now both in the old and new worlds, Aurizon otherwise looks to be a solid business with a significant economic moat and a high dividend. Thusly, I personally think that this looks like an attractive long-term investment for yield seekers. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on AZJ and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*On Deck Next Fortnight: RFG* + +*Currently on the Watchlist (no particular order): CGF, IPL, Z1P, FLT, QAN, CWN, FNP, OML, WPL, CIM.* + +[Previous Editions of Catching the Knife](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +25/M and currently on 70k but after 9 months, I've been offered a similar but slightly different role for 110k. The market is extremely hot at the moment for employees. The jump seems too high to turn down but there's a slight remorse for leaving after 9 months if i do. + +For your job, what percentage/$ value would it take for you to move company. +I bought this company in march 2020. + +The moat is still strong, management it's doing it's job. It is a boring company, no deny in that. +It's balance sheets are rock solid, they got a shitload of debt but that's normal given the circumstances. Plus visitors are coming back. I also think that scaling back a bit and removing dividends was the right move from management, but all of the above is my point of view. + +I'd love to hear your thoughts about this company, what is your fair value? +Like paying off debt and making new investments(NON CAPEX investments). What confuses me is that what we think of as “free cash flow” is used all throughout the year and isn’t just pilled up at the end of the year where it’s then “used” on certain things. Does anyone kind of get what I’m confused about? +Forgive me if I am wrong, but isn't this America and isn't this a free market?? Isn't this what Wall Street does on a regular basis? They can short stocks with 140% float and retail can't exploit the opportunity? + +Get out of here... + +[Link to article](https://www.barrons.com/articles/gamestop-trading-could-be-systemically-wrong-massachusetts-state-regulator-says-51611705870) +https://www.bloomberg.com/news/articles/2019-06-02/morgan-stanley-sees-recession-within-a-year-if-trade-war-builds + +Until recently investors assumed that Tariff Man would keep the trade talks in his back pocket, eventually striking a deal for an easy win before re-election. + +What many are now realizing, is that China may not come back to the table, or at least in the same manner that they had before. China’s Communist Party has pressure from their hardline nationalists to walk away. President Xi Jinping has created a political brand centered around more nationalistic policy that is critical of the “Opening of China” to Western markets. The politically safe move for Xi Jinping is to stand up to the US to prove China’s strength and independence, regardless of the economic ramifications. + +Another factor sinking in for investors is the prospect of supply chain disruptions which will take years to re-establish. As Tariff Man has proved his unpredictability with the addition of recent Mexico tariffs, companies cannot rely on stable trade policy to simply move their production from China to Mexico. There is an increased risk involved with relying on Tariff Man’s current trade policy to establish new supply chains, since they could be disrupted tomorrow with a simple tweet. Companies looking to establish new factories and supply chains may be inclined to wait until the end of Tariff Man’s reign to find some stability before re-establishing or expanding their production. +This post currently has 2800 upvotes and counting, but it's mostly false information/numbers [https://www.reddit.com/r/Superstonk/comments/oceujq/sorry\_if\_this\_has\_already\_been\_posted\_finra\_is/](https://www.reddit.com/r/Superstonk/comments/oceujq/sorry_if_this_has_already_been_posted_finra_is/) + +EDIT: The original poster I linked saw my post and deleted his. + +So I thought I'd go through the actual 13F forms filed with the SEC to confirm the real numbers as of march 31st. Not trying to unjack tits, but false information is false information. And i'm 99% certain that these correct numbers have been shared previously on this sub sometime in may or june. + +This isn't even all of the institutional ownership, there are a lot more smaller holders in the low 100,000s or sub 100k range. And those definitely add up. As well, there are (or was, before russel rebalancing) over 12 million shares in mutual funds as of march 31st. These numbers should start being updated via 13Fs in august from June quarter end. + +Regardless of the false data and actual numbers below, it's quite clear that retail investors world wide own much more than the available float. + +https://preview.redd.it/l7fp2fijwu871.png?width=1859&format=png&auto=webp&s=445a9358f1f92c114e619ea54ccc4ea33662bc63 + +Blackrock 13F data: https://sec.report/Document/0001086364-21-000038/form13fInfoTable.html + +FMR LLC 13F data: https://sec.report/Document/0000315066-21-001551/20210517_FMRLLC.html + +vanguard 13F data: https://sec.report/Document/0001104659-21-066511/ + +dimensional 13F data: https://sec.report/Document/0000354204-21-000701/13F_Q1_Final.html + +state street 13F data: https://sec.report/Document/0000093751-21-000556/InfoTable_100_v1.html + +charles schwab investment management 13F data: https://sec.report/Document/0001085146-21-001720/ + +geode capital 13F data: https://sec.report/Document/0001214717-21-000010/GCMLLCQ1202113F.html + +northern trust 13F data: https://sec.report/Document/0001256484-21-000018/ntc-13f-comb-2021-03.html + +Jane street 13F data: https://sec.report/Document/0001595888-21-000015/13F-InfoTable.20210517.html + +invesco 13F data: https://sec.report/Document/0000914208-21-000429/form13fInfoTable.html + +morgan stanley 13F data: https://sec.report/Document/0000895421-21-000363/ + +ameriprise 13F data: https://sec.report/Document/0000950123-21-006837/0000950123-21-006837-4273.html + +nuveen 13F data: https://sec.report/Document/0000950123-21-006875/0000950123-21-006875-4537.html + +arrowstreet 13F data: https://sec.report/Document/0001164508-21-000003/13f20211.html + +bank of new york 13F data: https://sec.report/Document/0001390777-21-000051/ + +swiss national bank 13F data: https://sec.report/Document/0001582202-21-000002/ + +rhumbline 13F data: https://sec.report/Document/0001115418-21-000004/Q1_2021_13F.html +I've been studying ETFs for a good while now and I have a solid understanding of how they work. + +I've been eying a few ETFs for an amount of time and I'm wondering whatever I should I invest in a bunch of ETFs or just an S&P 500 Index Fund ETF(VTI) + +The following ETFs are considered: + +VHT (Vanguard Health Care ETF) + +VDE (Vanguard Energy ETF) + +VNQ (Vanguard Real Estate ETF) + +Or should I just invest in VOO (Vanguard S&P 500 ETF) + +Thanks in Advance. + +Edit: Based on data and stats, I decided to go with VGT. +[https://seekingalpha.com/news/3733567-ishares-closes-up-shop-on-seven-etfs](https://seekingalpha.com/news/3733567-ishares-closes-up-shop-on-seven-etfs) + +I´m curious about this news not only because I own two iShares ETFs (one S&P, one thematic), but also from a conceptual and/or historical perspective. Does iShares have a history of closing ETFs at a similar rate as other fund managers? If their rate is higher, could that suggest that there may be some structural or organizational issues that might be impeding them from launching successful ETFs, or even from selectively choosing well-performing stocks within the indices their ETFs follow? +I was checking EQQQ holdings and realized that 1/3 of its portfolio is driven by Apple, Microsoft and Amazon. Don't get me wrong, EQQQ may be a promising investment and I do believe in its potential to grow. But, wouldn't be a better option to buy shares in these top 3 companies separately instead of paying a TER of 0.4%? +Hello world and TGIF 👋 +Let's close over 200 US-$ today😉 + + +Current price "115 minutes in: 159.16 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 159.40 US-$ + +5 minutes in: 159.34 US-$ + +10 minutes in: 159.40 US-$ + +15 minutes in: 160.06 US-$ + +20 minutes in: 160.06 US-$ + +25 minutes in: 160.06 US-$ + +30 minutes in: 160.06 US-$ + +35 minutes in: 160.06 US-$ + +40 minutes in: 160.06 US-$ + +45 minutes in: 160.06 US-$ + +50 minutes in: 160.06 US-$ + +55 minutes in: 160.06 US-$ + +60 minutes in: 160.06 US-$ + +65 minutes in: 160.06 US-$ + +70 minutes in: 160.06 US-$ + +75 minutes in: 158.98 US-$ + +80 minutes in: 159.04 US-$ + +85 minutes in: 159.10 US-$ + +90 minutes in: 159.10 US-$ + +95 minutes in: 159.16 US-$ + +100 minutes in: 159.22 US-$ + +105 minutes in: 159.16 US-$ + +110 minutes in: 159.10 US-$ + +115 minutes in: 159.16 US-$ + +The US pre-market is about to open so that's it for the day 🇺🇸 +Enjoy your weekend and get some well deserved rest, we'll see each other again next monday👋 +Let's give 'em hell! +Ahhhhh. The smell of shorts in the morning. Takes me back to ‘nam and napalm. Don’t worry kids, this is all apart of the fun. It’s just not time to lift off yet. + +*update because this is getting a little attention. I 100% am using the term “synthetic” loosely. This is just to stress that it’s not people selling. +Sometimes I feel that this subreddit is still stuck in 2017 talking about dead coins, whereas there’s this whole wonderful world of defi and web3 filled with life changing gains that I never see talked about here. But I want that to change so I’m putting together this huge list of all the cool things you can do in defi and web3. + +# Trustless Loans + +Defi is revolutionary for this. With Maker (or many other protocols), you can deposit collateral & take a loan on your assets to use in the real world wherever. This process involves no bank, no intermediary fees and offers much higher yield than trad finance. In fact, Tesla just did a real estate backed loan with maker dao. + +&#x200B; + +https://preview.redd.it/pa8dz8uan5v81.png?width=1650&format=png&auto=webp&s=5e304f1bad425e5f8fc4d74ad574c99144aae374 + +Anchor protocol on Terra also allows you to take a 75% LTV loan on LUNA and staked ETH. + +# Anchor protocol : Guaranteed 20% interest savings account + +&#x200B; + +https://preview.redd.it/xg3na5vtn5v81.png?width=2880&format=png&auto=webp&s=7237fe2712cf83e161f431d9755a5f254a7f0585 + +Speaking of Anchor protocol, you can get a safe 20% yield on the UST stablecoin. I’ve been doing it for over a year. There are rumors that the yield will deplete because of low reserves and not enough loans but it has been replenished and been going strong for years so until the yield is not worth it anymore, all my stable cash is parked in Anchor. + +# Lottery + +Want to join the lottery? Well, PoolTogether isn't just any lottery. It's a DeFi protocol allowing for "no loss lotteries." How? Users are able to deposit funds, & yield is given to a verifiably random address in the pool. Losers can then still withdraw their assets. + +&#x200B; + +https://preview.redd.it/cxdhkz5vn5v81.jpg?width=1017&format=pjpg&auto=webp&s=2e5a9657ec4839cc0175e3987fb97957017656b2 + +# Aave Flash loans + +If I told you that you could get millions of dollars in assets in seconds, with no bank, with no collateral, and at no risk to the lender... I'd probably sound crazy, right? Well, flash loans on Aave are built to be repaid in the same tx, otherwise it'll revert and fail. You can do this to perform arbitrage trades and other cool things. + +&#x200B; + +https://preview.redd.it/vvo2akyxn5v81.jpg?width=574&format=pjpg&auto=webp&s=ef6e331a505d1c9a3b9814d5d979dfc51b699672 + +# Gambling + +Want to place a bet? There are many options to choose from on Ethereum, the most popular being augur. This is a global, no-limit betting platform where you can bet on sports events, economics, world events, and a whole lot more on a decentralized marketplace. + +&#x200B; + +https://preview.redd.it/thvxkqtwn5v81.jpg?width=1200&format=pjpg&auto=webp&s=6a96eec9d9b201dcf23373d075447582045a97ac + +# Yield farms + +Not interested? Do you prefer to just hodl your coins and not think about them? Why not earn some passive interest in the process! Head over to YFI & join the yield farms, with many different options to choose from. The YFI community works hard at developing strategies for their vaults, acting like a high interest savings account. Users can deposit & immediately start earning yield! + +&#x200B; + +https://preview.redd.it/yc8bosuyn5v81.jpg?width=1200&format=pjpg&auto=webp&s=e7b30cdb16cf1d4a1e5d0649251e81f802517eb3 + +# DEX liquidity providing + +Speaking of liquidity mining... Do you have assets that you’re bullish on and that you want to put to work? Many DeFi protocols such as Uniswap, Sushiswap, & Curve are in need of liquidity. Deposit tokens of your choice to start earning yield in different tokens, & earn trade fees on swaps! Careful though as this exposes you to impermanent loss. + +&#x200B; + +https://preview.redd.it/p4oqabd0o5v81.jpg?width=1200&format=pjpg&auto=webp&s=12f2b0e93b1d6deadb1fab38d02e7ea97475ed0f + +# Lido (staked eth) + +Do you hate having to worry about opportunity cost of locking up your eth? Of course, that's not a problem for DeFi. Simply access liquid staking derivatives in order to unlock liquidity and put it to use. sETH represents staked ETH on Lido. After depositing, these sETH can be used in DeFi. + +&#x200B; + +https://preview.redd.it/zldclbe1o5v81.png?width=820&format=png&auto=webp&s=9cacfd74f24133883b14f06d63d0de6ced475fc0 + +# Curve + +This protocol is an absolute behemoth with about $20 billion in TVL making it the largest protocol by total value locked. Visit Curve to start earning complex, double digit yields on your holdings. Curve has incentivized stablecoin pools, which people use to trade high volumes with minimal slippage, and even conduct arbitrage for yield. + +&#x200B; + +https://preview.redd.it/hk5c8ph2o5v81.jpg?width=1200&format=pjpg&auto=webp&s=1e134b3eeed1b1ea55defa2a7c20cf0c9f3fb983 + +You can stake your CRV tokens on convex finance to earn yields from curve trading volume and bribes from protocols trying to incentivize liquidity. This is a whole rabbit hole that I will make another post about. + +&#x200B; + +# Abracadabra + +Have some more appetite for risk? Go beyond just yield farming and take on leveraged yield farming! Some protocols allow users to deposit interest-bearing assets, and borrow stablecoins Tokens earning yield on CRV can be used as collateral for Abracadabra, for maximized composability. + +&#x200B; + +https://preview.redd.it/1ksh04x3o5v81.jpg?width=1200&format=pjpg&auto=webp&s=7f1578b6bb30ab67d755ee876b849dd58bf6e1b1 + +# Balancer + +Want to balance pools?Balancer is a liquidity provision dapp allowing users trade on various tokens. Rather than swapping tokens in several pools, Balancer only ever transfers the net amount of tokens out of a single pool, resulting in significantly cheaper trades. + +&#x200B; + +https://preview.redd.it/iyin68z4o5v81.jpg?width=1000&format=pjpg&auto=webp&s=a72e544836c19642d7008975e1388eb78379e488 + +# Synthetic stocks/forex + +Want to trade other real world assets on the blockchain? Synthetix offers a platform for users to swap various synthetic tokens like stocks, forex, or even precious metals! They use oracles which take data off-chain and bring them on-chain to offer tokens which are pegged to real life assets... + +&#x200B; + +https://preview.redd.it/7j5swst5o5v81.jpg?width=1200&format=pjpg&auto=webp&s=b8a64e4121f821e296e41e42116afe044be90b99 + +# Defi pulse index + +Don’t want to think about it all too much and just wanna passively invest in an index? Of course it's possible. There are a handful of DeFi native indexes that offer exposure to a basket of assets in a single, convenient token. This can be an index of the top tokens in DeFi, a basket of NFTs, or anything else you could imagine. + +&#x200B; + +https://preview.redd.it/qa7xiu47o5v81.jpg?width=833&format=pjpg&auto=webp&s=79a642ab587aaa9ca298005fb11e3788cec678fc + +# DYDX + +Want to trade with leverage? DYDX offers the perfect interface for this! On it, you can trade perpetuals at any time on a variety of different contracts that are supported. It uses StarkWare's layer 2 solution for increased security, fast withdrawals, and cheap trades. + +&#x200B; + +https://preview.redd.it/bm39i488o5v81.jpg?width=709&format=pjpg&auto=webp&s=c4ad25d6459e379345196667661cad46ae636a0d + +# Airswap + +Want to swap tokens p2p? + +AirSwap offers a unique P2P DEX: entirely open-source, supporting gas-less swaps. You can set up a trust-less trade with any counter-party, to conduct swaps that will only occur once specified conditions are met. This is perfect for OTC. + +&#x200B; + +https://preview.redd.it/uhxd0479o5v81.jpg?width=1200&format=pjpg&auto=webp&s=56f364750cbc5ca9e4a792948fd5d4f29fec43fd + +# Fixed forex + +Want to trade various forex currencies? Fixed Forex provides an alternative to USD denominated stable coins. It allows liquidity providers exposure to currencies such as EUR, KRW, GBP, CHF, AUD, and JPY. On the DEX, you can make trades with no slippage & minimal fees. + +&#x200B; + +https://preview.redd.it/7r496x2ao5v81.jpg?width=1188&format=pjpg&auto=webp&s=8e84218f447f1127b53e26edea74cdada96c9e98 + +# Barnbridge + +Want to tokenize your risk? Barnbridge is a fluctuations derivatives protocol for hedging yield sensitivity and market price for assets. Using tranched volatility derivatives, Barnbridge lets you clarify the exposure to risk you want to take on a specific token. + +&#x200B; + +https://preview.redd.it/7vdxiavao5v81.jpg?width=1200&format=pjpg&auto=webp&s=fdd9919fc582e7ad532d3788521d36d437c6f86e + +# Gnosis + +Want a multi sig? Gnosis provides a dApp for easily making multi-signature wallets that require multiple addresses to approve a transaction. This is especially useful for project treasuries, daos, and anything else you could imagine. These are customizable in many unique ways. + +&#x200B; + +https://preview.redd.it/sqei6pgdo5v81.png?width=800&format=png&auto=webp&s=2f1e94ff4c15992ba6c86186b6192da1e3f6f133 +Hello, + +I'm in my early 20s and decided to dive into financial planning and learn about investing. I've read a book that I had sitting on my desk for a long time, "Rich Dad, Poor Dad" by Robert Kiyosaki. I enjoyed the read because it gave another perspective of making money, didn't get to technical and was filled with little experiences that made the whole thing pretty easy to read. That said, it was my first book on the topic of investing (in particular) and financial planning (in general). Since I'm inexperienced, I would like to know what you thought of the lessons and points of the book. I could criticize some imperative aspects, but overall it's difficult for me to discriminate, since I have little to no reference to compare and no experience. + +&#x200B; + +Thank you ! +*"After years of steadily rising house prices, the housing market shows the first sign of cooling. Homebuyers, on average, paid 2.1 percent less for an existing house in the first three months of 2022 than in the previous quarter, realtors' association NVM reports. That's the first quarterly price decrease since the beginning of 2019. Compared to the first quarter of 2021, home prices were still much higher."* +[https://nltimes.nl/2022/04/07/dutch-housing-prices-fall-first-time-three-years](https://nltimes.nl/2022/04/07/dutch-housing-prices-fall-first-time-three-years) + +Interest rates on mortgages are rising sharply while the average adjusted disposable houshold income is dropping sharply due to inflation, which combined with sentiment in the market could mean a turning point on the housing markets. For a variety of reasons the reported decrease in prices isn't as significant as it might seem, but it might be an early sign we're approaching a potential turning point on the housing markets worldwide. Inflation in the Netherlands is rising extremely quick, from 1,4% in July to 11,9% in March, an indication the reduction in adjusted disposable income and rises in interest rates on martgages aren't temporary. + +Average selling prices dropped from EUR 440,000 to EUR 428,000. Publications (Dutch only): [https://www.nvm.nl/wonen/marktinformatie/](https://www.nvm.nl/wonen/marktinformatie/) +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. 🚀 +Did a google search of this scumbag just to be clear, Kenneth Griffin, CEO of hedgefund Citadel, who is illegally naked shorting GameStop and many other companies, and who should be imprisoned under the RICO Act, and I found very little beyond wiki. + +How, after us discussing him for over a year now, is nothing of our DD on him anywhere near the first few pages of google search? This fucking coward paying to scrub google? How can I personally fix this? +Hi Reddit, + +Just needed somewhere to vent about this cause I'm still a little raw about it and haven't told a lot of my friends. I've recently completely changed my eating habits to a low-carb diet. Nothing as crazy as keto, but with my PCOS, I've found it's the only diet that works for me to lose weight and manage my symptoms. + +Unfortunately, it's also doubled my grocery bill. + +I meal prep, shop sales, and cut costs anywhere and everywhere I can, but it's still tough to eat healthy on a shoestring budget. Carbs are cheap, and protein sources are freaking expensive. + +I clear between $1600-$2,200 a month before taxes in self-employed income. You can imagine how much ends up going to taxes. More than half goes to rent (thx California) and most of the rest goes to bills (auto insurance, utilities, internet, student loans). I've also got a fair amount on a new credit card (from recent moving expenses and car repairs) that I'm trying to pay down before the interest kicks in in November, and realized I couldn't do that and continue my diet at the same time. + +So, I bit the bullet and applied for CalFresh. ~~Waiting on the case to process atm.~~ I got denied, but I'm going to try again in one of my slower months. + +It took a lot to swallow my pride and admit that I was living beyond my means, even though I felt like I was being as frugal as humanly possible. I cook at home, don't drink or smoke, don't go to bars/clubs, and shop at thrift stores for my clothes. I can still barely save anything by the end of the month. + +I guess what I'm trying to say is this: there's no shame in asking for help to eat healthy. There's a reason it's called the Supplemental Nutrition Assistance Program. It's tough to get the nutrition you need if you can barely afford food in the first place. Plus, by eating healthy, you can save on medical expenses down the line--barring chronic/genetic illness. + +TL;DR: If the government is taking 30% of my income, it may as well feed me. + +Edit: Wow, holy shit this blew up. Thanks for all the support, everyone! + +Edit #2: Fuck. I got denied. FML. Looks like 2k gross is too high? Either way, I'm open to suggestions! + + +## $PULI has earned The Blue Checkmark ✔ + +The Blue Checkmark on BscScan represents a token or project of public interest. The token page with The Blue Checkmark is also displayed first and more prominently during a search on BscScan, prioritizing a genuine token while showing all tokens with similar names. + +This achievement sets $PULI from the rest by separating it from fakes and copycats. This protects the holders of $PULI, protects the brand, and protects the value of holding $PULI. + +Proof: [https://bscscan.com/token/0xaef0a177c8c329cbc8508292bb7e06c00786bbfc](https://bscscan.com/token/0xaef0a177c8c329cbc8508292bb7e06c00786bbfc) + +LinkTree: [https://linktr.ee/Puli\_Token](https://linktr.ee/Puli_Token) + +\--------- Protect Summary ------------ + +**## Who are the Leaders of Puli (PULI)?** + +Puli is the first BSC Token managed by Christopher Johnson, Ph.D., and John Gibb as well as Timothy Ojin and Mishaa Love. They are developing new play-to-earn games for the BSC ecosystem and most important, for their holders. + +Managed by an amazing Leadership, Marketing, and Development Team in the BSC ecosystem, Puli aims to stand above all the meme coins, giving utility and usage to the token. In the spirit of the Puli aspect of the token, and based on community feedback, this effort will include a charitable aspect to supporting animal shelters and sanctuaries around the world. + +The team is also backed up by a tremendous support team with a Game Developer, Solidity Developer, NFT and 3D Designer, Branding Manager, and a Marketing Manager as well as a tremendous group of administrators and moderators on all social media platforms. + +Finally, Puli is supported by Dr. Johnson's company: Lightspeed Crypto Services, LLC. This company was stood up in order to conduct business-to-business interactions as well as provide maximum resources and growth opportunity for the token and it's holders. In addition, the token is supported by a full gaming studio: Studio Muse. + +&#x200B; + +**### What Is Puli (PULI)?** + +Once referred to as Puli Inu, Puli is a token held by one of the strongest teams in the Binance Smart Chain (BSC) network from a leadership, marketing and technical point of view. + +The project is aiming to create play-to-earn games accessible from cell phones, PCs and tablets where it will be possible to have access to all the services and products that Puli can offer. + +&#x200B; + +**### Where Can I Buy Puli (PULI)?** + +Puli is available for trading on several exchanges. The following exchanges have whitelisted Puli and you can buy $PULI *tax free on SafeMoon Swap* for a limited time: + +&#x200B; + +1. SafeMoon Swap: [https://swap.safemoon.com/#/swap?outputCurrency=0xaef0a177c8c329cbc8508292bb7e06c00786bbfc](https://swap.safemoon.com/#/swap?outputCurrency=0xaef0a177c8c329cbc8508292bb7e06c00786bbfc) + +&#x200B; + +2. RBX::Exchange: [https://launch.rbx.ae/swap/dex?receiving\_token=0xaef0a177c8c329cbc8508292bb7e06c00786bbfc&chain\_id=56&spending\_token=0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE](https://launch.rbx.ae/swap/dex?receiving_token=0xaef0a177c8c329cbc8508292bb7e06c00786bbfc&chain_id=56&spending_token=0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE) + +&#x200B; + +3. 1Inch Exchange: [https://app.1inch.io/#/56/classic/swap/BNB/PULI](https://app.1inch.io/#/56/classic/swap/BNB/PULI) + +&#x200B; + +4. Flooz Exchange: [https://www.flooz.trade/wallet/0xaef0a177c8c329cbc8508292bb7e06c00786bbfc/?refId=QI6cvm&chainId=56&fromToken=bnb](https://www.flooz.trade/wallet/0xaef0a177c8c329cbc8508292bb7e06c00786bbfc/?refId=QI6cvm&chainId=56&fromToken=bnb) + +&#x200B; + +5. Bogged Finance: [https://charts.bogged.finance/?c=bsc&t=0xAEf0a177c8c329CBC8508292Bb7E06c00786BBfC](https://charts.bogged.finance/?c=bsc&t=0xAEf0a177c8c329CBC8508292Bb7E06c00786BBfC) + +&#x200B; + +5. PooCoin and Pancake Swap are also available. + +&#x200B; + +**### What are some of the biggest accomplishments for Puli (PULI)?** + +The community is the driving force for the token and the games it will support. Without the community, Puli would not be a success. The leaders of Puli are especially grateful for all the contributions the community has made thus far and for being solid diamondhanders in the peaks and valleys of BSC trading. + +Puli has also accomplished a large number of notable achievements such as having their circulation supply verified on 9 sites such as Coingecko, Nomics, LiveCoinWatch, CoinPaparika, CoinDataFlow, CoinRanking, CryptoRank, CoinCodex, CoinChecko, and soon CoinMarketCap. A verified circulation supply is the equivalent of a financial audit and ensures high ranking, rapid pricing, and trending far and wide. + +Puli is also audited by Coinscope, Interfi Network and Certik. All team members have passed KYC checks and have Doxxed to the entire Puli community on several AMAs. + +Finally, Puli has attained the coveted Blue Checkmark on BSCScan, which identifies the project as a valid public interest and separates the token from copycats and imposters. +Here's what the last four years have taught me about life, money, and the search for happiness and balance. I'm a 25 y/o male engineer in a LCOL area with a net worth of \~$180k. + +I have been out of college for four years and working full time. My savings rate has ranged from 40% starting out, up to nearly 65% last year. While by most financial measures I was doing very well for this stretch, I noticed a trend. The more money I accumulated and the higher my SR grew, the more I became obsessed with my finances. I began depriving myself of experiences and social activities. I'd regularly turn down a night out with friends, or skip a lunch with coworkers. To sum it up, I was not happy with the life I was living. I had reached the threshold where my SR was painful *for me*. + +Fast forward to 2019, and I decided it was time to make a change. As uncomfortable as it felt at the time, I reduced my SR by 10%. The disposable portion of my income now HAD to be spent (I'll admit, a few dollars here and there end up being invested but I try to spend most of it). I'm currently shooting for a 55% SR and I cannot tell you how much more I enjoy life. I went from feeling like I couldn't spend a dollar that wasn't strictly budgeted, to travelling with friends, going to concerts, and enjoying the pleasures of life. That 10% made all the difference in the world, so I urge you wonderful people to not deprive yourselves too much of the life you want and risk burnout. Plan for the future, sure, but realize that nothing is guaranteed. Strive to balance the wants and needs of the future with the wants and needs of now. + +I now believe that spending money on experiences that don't directly yield you money (or greater earning power) can be worthwhile if you're smart and deliberate about them. In six months, I transitioned from wondering how I'd manage to drag myself through another 10 years at work, to enjoying daily life enough to not mind working another 30 years if I need to. Work weeks now feel calm and relaxing as opposed to being a grind, as bizarre as that sounds. + +The "sweet spot" of SR that I found is highly personal. When you find yours, you'll be challenged to spend money wisely (because a life devoid of stress and challenge is not a meaningful one), but there will be "enough" left at the end of the day for you to pursue happiness with. + +May you all find a life of balance, satisfaction, and a warm feeling of "enough." :) +I believe there is a point in time where GME will legitimately cause the meltdown of the US economy by itself, and how I think the government and whales are completely oblivious to this fact. + +# Retail buying pressure + +We've all seen the daily buy percentages from brokers. Lows being 7:3 buy to sell ratio and some days as high as 100%. All these months, millions of retail buyers are putting in paycheck after paycheck, eating shares up for cheap. Yet, the stock price doesn't move. Some new rules get passed, but others get delayed, and the government seems to be completely complacent to let it drag out for a few more months. They probably think "We're already moving much faster by not taking several years. A few months should be fine. Let's just keep adding some rules to minimize the impact." + +The simple fact is this can only end if all shorts cover or the US government steps in to forcibly seize assets. + +**The only way to minimize the impact is to cover as soon as possible.** + +In fact, I highly believe we're on a doomsday clock of the US economy. I'm not sure when the time runs out, but once it does, we'll see market upheaval like never seen before in history. + +# Difference between Apes and other investors + +Normal retail investors are probably happy with 10% gains. WSB retards might be happy with 200% returns on YOLOS but are generally divided on what stock to buy. Institutions have to rebalance their profile if a stock gains too much, and they have to conform to their customer base's opinions, which are retail investors that want them to sell a risky stock especially after massive gains. In addition, they have tons of other restrictions. + +Diamond handed apes are different. They have none of the fear of retail investors are not regulated in how they trade. In fact, they only sell on the way down. This doesn't seem like too big of a deal but, **what if diamond handed apes owned the float?** + +If more than the float only sold on the way down, it would **cause an infinite squeeze.** + +An infinite squeeze would not be good for anyone, not even apes. I know some of you may portray this as FUD, but if we do hit obscene values like 1 billion a share, we should probably sell to not destroy the US economy. + +Why? When the DTCC insurance runs out and the feds are forced to print money, that causes inflation. For reference, someone calculated that the DTCC will run out at 50M a share peak. Money doesn't come from thin air, once too much money is printed, the value of the existing dollar goes down. If we get a true infinite squeeze, the government has two options: Let the dollar value go to zero as GME holders can demand any price, or forcibly shut down the squeeze. + +In the first situation, we're dealing with not only a US economic meltdown, but our tendies also might not even be worth much anymore. In the second scenario, we would gain significantly less tendies, and the US economy would undergo a huge recession as everyone believes the US government will manipulate the market. + +# The ticking of the Doomsday clock + +Every single paycheck, diamond handed apes are increasing their positions. Maybe some of these apes would sell a share at 20 million, repair their lives with it and watch the squeeze go up. However, if these diamond handed apes cause an infinite squeeze, it would cause a meltdown of the US economy. (So please do set a ceiling of 100 million or something, no one actually wants an infinite squeeze, as funny as that would be). + +# So. . . why the inaction? + +Because none of these people believes in you. The majority of these hedge fund managers and politicians don't know how diamond handed apes think. They still think retail is dumb and ignorant, that's why they still flood us with all these shitty shills that no one falls for. They BELIEVE those tactics will work because they think we're just slightly smarter than we were before. They don't think we'll diamond hand to 10 million. + +# Who's fault is this? + +**We need to realize that what happens here IS NOT OUR FAULT.** If someone has illegally stealing your assets for years on years, and you finally have a legal method to stop this, how is this immoral in any way? It's the thief's fault for stealing and it's the system's fault for allowing them to steal. If we do a perfectly normal action to stop them from stealing and this causes the thief and the system to collapse, it's not our fault. Maybe the system should have been built differently, maybe the thief should not be stealing in the first place. Don't let anyone tell you that defending our assets from manipulation is our fault or somehow immoral. + +**What about the other retail investors who lost their 401k?** + +When you make an investment, you should know the risks of that investment, and what you're investing into. If they invest in an illegal gambling ring, and the government shuts that down and they lose their investment, then they deserved it. In fact, they should be punished for helping to fund an illegal gambling ring. + +Yes, it's a shame that some people are going to lose their retirement savings. However, they should have investigated where they put their money. To put it simply, they either didn't care or got scammed, and we're simply catching the scammers. + +If you guys want to help them, then power to you. I know I'll be using some of my money to benefit the world, but we haven't done anything illegal. If anything, the money would see better use in our hands than in the government and these hedgefunds. + +TLDR: + +The government and banks probably still think we'll paperhand at 10k so they're willing to stall this out. Their belittlement of the diamond handed apes may cause an infinite squeeze once diamond handed apes own the float. At that point, I hope we can be the bigger man and let them off easy and let them buy our shares. . . for 100 million. This way we can avoid an economic meltdown. + +Not financial advice. Not bought by shills either (they're margin called at like 1k, they gain nothing from me telling you guys to sell at 100 million). + +Putting as discussion as I'm too lazy to put in data. + +Edit: Wow, that's a lot of downvotes. I welcome any criticism in the comments. Or could be shills. + +Edit 2: Has all of this doom talk made you feel a little panicked? Well, the best way to hedge your bet against a failing economy is. . . buy more GME. If you're ever worried about the impending crisis, just remember you own GME. If you're still worried, just buy more GME. + +Not financial advice just life advice ;) +It's been about two weeks now since I initially shared with you a tool that I had made in order to quickly buy into a new coin listing to take advantage of the initial surge in the price. + +I've spent the past two weeks, debugging, fixing and optimising this code to get it to a level where it actually works. It's been a challenge to test since I have to wait for a new coin order and then check if it broke or not, but I think I finally got there. + +Before I go explaining how the tool works, let me explain why I think that this particular strategy has some potential: + +As some of you may have noticed, many coins seem to go through to what I would like to call a "lightning-pump" during their first few seconds of being listed on an exchange. + +Have a look at ICP (you may put your pitchfork down, this chart is the perfect example): + +&#x200B; + +[chart for ICP](https://preview.redd.it/renmiomwk3k71.png?width=2650&format=png&auto=webp&s=74818add410e844f684bb0b0f0c43475de26a2f1) + +In under a minute, the price of ICP shot up over 10 times, before slowly dipping into the void. Manually trading this 10x would be impossible, due to the speed required to catch this pump. + +So I started building a bot that would detect new coin listings in about 20 seconds of them being listed on Binance. + +It soon became quite clear that 20 seconds is way too slow to take advantage of the pump so I had to make it quicker. + +The second improvement enabled the trading algorithm to find a new coin and place a buy order in about 5 seconds. This was better but not great. + +Finally, I decided to remove all the breaks and just call the Binance API like crazy. Full steam ahead. + +The bot is now able to detect a new coin listing in 0.3 seconds and place an order. There haven't been any new coins listed after I made this improvement so I will let it run and share my results once I have them. + +I've also fixed any bugs that were caught by some of you that decided to test this out so thanks for that! + +For anyone interested in trying it out, I've included a test mode that will simulate placing orders so there's no risk involved. + +&#x200B; + +**Here's a step by step guide on how to build it as well as an in-depth anatomy of the code:** + +[https://www.cryptomaton.org/2021/08/15/coding-a-binance-trading-bot-that-detects-new-coins-the-moment-they-are-listed/](https://www.cryptomaton.org/2021/08/15/coding-a-binance-trading-bot-that-detects-new-coins-the-moment-they-are-listed/) + +**For the GitHub source code please go here:** + +[https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins](https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins) + +If you have any ideas on how to improve the stability or the speed of the code, please feel free to submit a PR. + +&#x200B; + +**Edit:** + +**For those of you who asked for a YouTube video before - here you go!** [**https://youtu.be/mIa9eQDhubs**](https://youtu.be/mIa9eQDhubs) +Would love to hear any thoughts/advice on this TFSA portfolio with 75k room! + +15k XAW (has US s&p 500 exposure + international) + +15k XGRO (has US & Canada total market +INtL plus bonds) + +5k TEC.to (US and some Canada Tech) + +5k ZUH.to (US healthcare I think will increase, hedged didn’t seem bad given a low CAD currently which may increase over next few decades maybe.) + +5k XIC.to (Large Canadian companies = big banks and big energy) + +7.5k VRE.to (May go down further, but this gives 300 shares thus every month dividend will scoop an extra share) + +5k AC (I’m a believer this will come back..) + +6k ENB (double energy exposure sort of since XIC has this, but solid company long term hold) + +5k AQN (renewable future hold) + +4K EIF (long term airline manufacturing dividend) + +2.5k MFC (life insurance from a large diversified company, I think may have least upside but big banks are already in XIC) + +Goal is to keep a nice base and move money from ETFs to quality stocks every year or so for the next few decades. Will contribute to bonds and more dividend stocks in two decades. No RRSP for now but will add US dividend stocks like RDS in the next 1-2 decades and gradually keep TFSA for Canadian stocks. + +Cheers! +Andreas M. Antonopoulos posted +In defense of optimism +Yesterday, I woke to a flurry of activity on Twitter. A prominent member of the bitcoin community had decided to a message to me that many perceived as critical. The tweet pointed out that had I managed my money better I would be wealthy and wouldn't need the support of patrons. +It was in response to a message I posted on Twitter a week earlier, to once again dispel the impression that I am a bitcoin millionaire. It is hard for many to accept that someone who has been involved since 2012 has not amassed a great fortune in bitcoin. The truth, however, is that due to circumstances and some poor choices I made, I was not able to benefit as much from the rise of bitcoin as some others have. + +At the end of 2012, when I heard about bitcoin, I had been working as a freelance consultant for about a year after burning out of my previous work as a partner in a research firm. I had a modest retirement fund, a small amount of credit card debt and enough income to make ends meet. I was really in limbo, looking for the next opportunity. Bitcoin arrived into my awareness and slapped me in the face. You've all heard my story of tumbling down the rabbit hall, absolutely consumed by awe. + +What is not quite obvious is that my obsession also drove me to abandon my consulting work and put all my attention into bitcoin. I worked as hard as I have ever worked, focusing full time on this technology. During this time, I was unable to find any way of making a living through bitcoin. I traveled to speak at conferences (which didn't even cover expenses), I consulted with startups (which couldn't pay me), I wrote articles etc. To support my "habit", I dipped into my savings. I cut back on my expenses as much as I could and started ravaging my savings. By mid-2013 I was forced to start liquidating my retirement funds. In my early 40's, I was undoing a lifetime of savings, in a way most people would consider irresponsible. While doing so, I incurred penalty taxes for early withdrawal. Then, I went into credit card debt. By the end of 2013 I was "worse than broke": going into debt at an alarming rate. + +Finally, in 2014 I started making a bit of income. I was so deep in debt that I continued to live paycheck to paycheck, struggling to chip away at my debt. It was going to be a long two years before I finally became debt free at the end of 2016. + +I won't complain about the lost opportunity. I am extremely fortunate to be able to live debt free, doing my dream job in a field I absolutely love. + +Yesterday, while reading the tweet that criticized me for my poor choices, I felt sick to my stomach. It forced me to confront and relive every choice I made and all the missed opportunities. You see, the critical tweet contained a big grain of truth. I could've become wealthy. If only I hadn't sold. If only I hadn't given away hundreds of bitcoin to complete strangers. If only I had reduced my expenses more. If only I had made smarter choices. If only... + +Working in bitcoin is an endless struggle against cynicism, negativity, regret. Throughout the last 5 years I have always tried to maintain an optimistic and positive outlook, to focus on the long term, to think about the potential to lift billions out of poverty. But every now and then, I get dragged back into the negative. Yesterday was one of those days. I felt crushed. + +And then, something amazing happened. Over the next several hours, tens, dozens, then hundreds of people responded. I sat reading the responses with tears in my eyes. An outpouring of positivity washed over me. People I have never met jumped to my defense, reminding me that they started their journey after watching my videos, or reading my books. Some people attacked the original criticism and its author (which I strongly discourage). But the vast majority focused on optimism. + +Not only did people remind me of the importance of my work, they also encouraged each other to support me. In the last year, I have gradually received more and more of my income from Patreon. Patreon allows me to regain my financial security without switching my focus to commercial conferences, banking and investment events and chasing the next paycheck. Because of Patreon, I managed to stop selling and finally HODL. Because of Patreon I can dedicate my entire focus to the people who I have always felt like I am working for: the community of crypto-currency dreamers, visionaries and creators. I now finally get to work for you. + +Yesterday, you fed my soul. You reminded me why it is so important to remain optimistic, focused and determined to overcome the cynicism. It's been a long and hard road. Sometimes I get lost. But, every time I do, you step up and help me find my way, find my focus again. You show me that I do not walk alone on this path. You are all there with me. I am part of a wonderful community and you have my back. + +Today, I am even more focused on my goals: educate the next 10 million users. Train the next 10,000 developers. Do it all in every medium possible. Do it in more languages. Do it with more energy, with more passion. Do it with unrelenting optimism. In the end, my engine runs on hope, it runs on optimism. And today, it's turbocharged. + +Thank you +Very clear, concise explanation of why the market went nuts after the Fed Announcement on interest rate hikes. From “ALF - The Magic Compass”. https://themacrocompass.substack.com/p/crazy-market-rally?r=16mxlr&s=r&utm_campaign=post&utm_medium=email +"Total nonfarm payroll employment rose by 245,000 in November, and the unemployment rate +edged down to 6.7 percent, the U.S. Bureau of Labor Statistics reported today. These +improvements in the labor market reflect the continued resumption of economic activity +that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to +contain it. However, the pace of improvement in the labor market has moderated in recent +months. In November, notable job gains occurred in transportation and warehousing, +professional and business services, and health care. Employment declined in government +and retail trade." + + +More [here](https://www.bls.gov/news.release/empsit.nr0.htm). +Regardless of various aspects of poverty, everything is becoming more and more expensive. Even when you account for inflation and compare it to prices of the 50's, 60's, 70's, etc. + +Rent is almost double what it used to be. Don't even get me started on education. + +All I here from politics is "the middle class" which barely exists anymore. + +A single freaking big mac is $5 near me. Going to McDonald's for 2 is almost $20 now. +Listen up. The following is the brainchild of an individual called NK, we met in a Level 2 Data Youtube stream. I am posting on their behalf. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Hi r/Superstonk, + +Today I am bringing a theory I would like all of you to pick apart and give your thoughts on. I have read some fantastic DD over the past year and after u/yelyah2’s [post](https://www.reddit.com/r/Superstonk/comments/rd0fcl/large_gme_delta_sensitivity_spike_ever_happening/) today it just… clicked. I am not bringing data, this is an explanation for the events we are seeing. + +Before I present the theory, I just want to state some assumptions I am making based on available information. + +1. In the years before 2020 GameStop was not doing well and COVID19 did not help. A lot of shorters saw an opportunity and went all-in. +2. I believe there is a separation between ‘shorters’ (hedge funds, family offices, banks… ) and market makers. They may be colluding, but there does not seem to be enough evidence for it. +3. However many times the float might be owned by retail, it does not matter, the events playing out signify the amount is enough. +4. There are a lot of tinfoil theories. I am ignoring them to base this theory on known, simple facts. +5. I cannot provide a timeline. +6. Although I have an economic background, this is not financial advice. + +Buckle up. + +Over the last weeks we have seen a lot of activities play out, including the dramatic price rise and drop over the last weeks. In my opinion, these activities are and may always have been market makers preparing to bring the necessary liquidity to the market, not necessarily to shake out retail. + +Between April and August of 2020, Ryan Cohen bought a 9% (5.8 million shares) in GameStop. He upped this number to 13.9% into November 2020. I believe Mr. Cohens purchase of shares combined with the retail investors following him by buying shares and options, was enough to bring the market – the supply of GME stock - to the point of illiquidity. At the start of December, a huge delta spike was triggered during a similar price decrease as this year. As you could read in u/yelyah2’s [post](https://www.reddit.com/r/Superstonk/comments/rd0fcl/large_gme_delta_sensitivity_spike_ever_happening/), it means the option market thinks the underlying (stock) is valued at a different price. I believe these actions were taken by market makers to push the price as low as possible. This had the following consequences: + +* Put providers follow delta by selling shares, as they might have to buy more shares as the put comes closer to being in the money; +* Call providers see the required delta drop, and they can sell shares. + +This is a fast way to push shares in the market through these option providers, and provides liquidity for short hedge funds renew their contracts or fulfil some of the exposure they have. In this timeframe the price decreases to a low on Friday, releasing another group of shares on T+2, further dropping the price to a new low following Friday. Market makers + +What I bet they didn’t account for, was that this was enough for retail to FOMO in through buying shares and options, causing the January sneeze. I think they still had to roll their January contracts, for which there was no liquidity due to the retail purchases. Due to the lack of solutions, they had to take away the buy button and shorted all the way down to provide breathing room to roll contracts. Some shorters did not make it (Melvin, Archegos, RobinHood almost), pushing the bigger funds to the brink of failure. + +Following every roll period for short hedgefund contract renewal, these events transpired. The difference seems to be the June share offering, where GameStop released 5.000.000 shares into the market, thus providing the required liquidity. + +They are not shorting to shake retail or price them out of options. Market Makers are shorting to provide liquidity for short hedge funds to roll. Market makers keep doing this in the hope that at some point the liquidity will return to normal. + +The actions taken by retail previously – holding – and as of lately - Direct Share Registering - seem to have a similar effect as Mr. Cohens purchase a year ago and seems to be leading to an increased effort of market makers to provide liquidity to the market, as short hedge funds will need this liquidity to roll their contracts in December and January. This is the reason delta is spiking: option providers know the spike is coming and value the contracts at a different price, as they know market makers at that moment are just trying to provide liquidity. The question is: will it be sufficient? + +I think this will keep playing out as long as illiquidity remains in the market. Short entity after short entity will topple over, bringing the price to a new high. The remaining short entities cannot keep gobbling up the potential losses and MOASS will ensue. + +**This theory could also explain some side effects we are seeing.** + +* GameStop is bringing news mostly on their current operations and barely on investments they are making even though these are very exciting. They can not rile/hype the market; +* They are keeping communication with shareholders to the bare minimum. Shareholder meetings are … boring. This case is any marketeers dream, however they are not taking advantage of it. See above; +* Elaborate hints to DRS; +* SEC meetings earlier this year; +* Short Interest turned into swaps – this is used to limit information for the market, which might speculate on a short squeeze and be cause for further illiquidity; + +Although I think the board of GameStop wants this to play out, they really do not want to be implicated. I wonder if Mr. Cohen was aware of all of this when he invested. How simple the explanation may seem, it ties together all events over the past year. + +What do you think? + +**TL,DR: The events we are currently seeing tell us market makers are trying to provide liquidity to the market for upcoming events through options, not to shake out retail. It is the fastest and perhaps the only way they can make this happen. Game Over, Shorts.** +You’re thinking about buying but the price just keeps going up and up so you’re waiting for a pull back but it doesn’t happen. + +- When you don’t buy it keeps going up +- When you buy is when it drops +- After you sell at a loss it goes back up + +For some reason the market goes against your decisions. It’s taunting and laughing at you. It’s chosen you specifically and while Yahoo convos question “I don’t get it—why is this stock down today?” you know why. + + +Always buy, hold, stop looking at it every second, and stop making Reddit threads when you’re down 2%. +I'm 37 years old,single income (45-50k/year) with a family of 3 (wife and older kid). I've never been able to put money into my pension but I do work in a union(4.5years so far) that does. + + Between rent, bills, essentials etc... I don't have much disposable income which is why I need a fairly flexible plan where I won't get charged if I let it sit for months at a time but I can also throw in $20-200 whenever I can. + +I'd like to try my hand investing a little bit into stocks (mostly to keep but I might try a few penny's for fun) but my main focus is setting myself and wife up for future retirement. + +What I need from you guys!: + +1) Canadian investment app (I'm 99% sure Wealth Simple Trade is what I want with no idle fees and $0 initial investment unless you guys think another program is better suited for me) + +2) I'm still in research mode for the most part but ETF's and RRSP(ETF preferred?) are my best friends right? + +3) Should I stick with Cdn $ for ease or is it worth looking into the American $$ stocks? + +4) General guidance and any suggestions (I'm still sifting through all the help stuff but if there's an especially important one please let me know!) + +5) Anything else I should be aware of or should watch for? +Looking at my annual salary I have 53x of my after tax income saved, taking into account 401ks, taxable accounts and value of pension. It's all invested in equities. I've been frugal and lucky with my investments. + +Intellectually I accept this is a large amount of savings and recognized that in retirement my expenses may go up. Am I nuts to keep working? Do I need to? i'm 55. + +Additional info: i have health insurance from employer during retirement. I have high risk tolerance and am 100% invested in stocks and will be during retirement, and one of my kids has three more years of college which one reason im thinking of continuing work. + +Thanks. +[https://www.cbc.ca/news/canada/calgary/alberta-oil-production-new-record-atb-economics-1.6547704](https://www.cbc.ca/news/canada/calgary/alberta-oil-production-new-record-atb-economics-1.6547704) + +I own CNQ, CVE and ENB stocks, long-term investor (don't have plans to sell for 5-10 years), I keep on adding to my positions; however, the federal emission cap makes me wonder how long should my "long-term" be? +Hey All! + +So I have found a nice fixer-upper I'd like to buy and renovate for myself as a permanent residence. + +Some of the things "wrong" with it that need fixing: + +* Interior is very dated from the late 70s (There's carpet on the walls of one room.... Seriously Boomers, how was this a thing?) +* Roof is severely leaking and needs to be replaced +* Many rooms have drywall / ceiling staining / damage from the roof leaking +* Exterior doors are rotting / damaged and need replacing (we're talking there are literal holes through the door) +* All interior doors have been dog damaged and need to be replaced +* Carpet smells like dog and needs to be replaced +* Old electrical panel that needs replacing +* Structural damage to chimney the owners accepted money for from government but never fixed +* Trim is heavily damaged throughout +* Exterior flashing has some rot +* Kitchen appliances very old / need replacing + +Toured with my General Contractor and he didn't find any showstoppers. + +Homes in the area that have been recently flipped with a modern interior are selling for $260k. + +Was talking with my Realtor today and they suggested we offer $250k, then try to negotiate once we get the formal inspections done. + +To me that seems like a bad idea, as formal inspections will not include things like the dated interior, drywall replacements, updating appliances from the 70s / 80s, etc... + +The market here is starting to cool a bit, this house has been on the market for a month with no other interest... + +I was thinking an initial offer of 200k would be reasonable, but my Realtor is arguing on the "comparables" which I have looked at, and they are all beautiful, move in ready houses with no work needed. + +There is one fixer upper in the area that does NOT need a new roof and it sold for $185. + +If I got the house for $190-200k I'd be happy.... My thoughts were to offer $190k as-is based on our contractor's quote and the comparable fixer-upper in the area, but my Realtor seems dead set on a much higher price... + +Thoughts? +There's screenshots going around that are incorrect. + +If you want to stay abreast of "insider buying" or when Ryan Cohen might buy more shares, it'll only be public information when an **SEC Form-4** is published. + +You can check insider buys at these sites: + +[https://finviz.com/quote.ashx?t=GME](https://finviz.com/quote.ashx?t=GME) + +[https://www.secform4.com/insider-trading/1326380.htm](https://www.secform4.com/insider-trading/1326380.htm) + +[https://www.marketbeat.com/stocks/NYSE/GME/insider-trades/](https://www.marketbeat.com/stocks/NYSE/GME/insider-trades/) + + +#Everyone keeps reposting the same source, yet nobody is asking HOW THEY GOT THAT INFO. It's impossible. Let's look around and see if ANYTHING ELSE CONFIRMS THIS. + +[GAMESTOP itself has reported NOTHING!](https://preview.redd.it/uhubz3rs5v571.png?width=1420&format=png&auto=webp&s=28ffde0a3dc59705eba274a8e202a8a7be2b0d76) + +&#x200B; + +[The SEC hasn't heard from Gamestop since the 11th. NOTHING HAS BEEN REPORTED.](https://preview.redd.it/m5d13lt66v571.png?width=1262&format=png&auto=webp&s=2f066321fb83d3c757007d1cddfdb1a2f6ea31c5) +I'm massively underwater on CSP I sold on $PINS last week. I could close the CSP for a massive loss and just offset my gains on from other plays. Or I could just keep rolling it for however long it takes, or I could take assignment and sell covered calls. What is the difference between rolling CSP and taking assignment and selling CC? +In the early days of crypto, it made perfect sense not to trust exchanges. Most exchanges were run by weebs out of their parents basements. Mt. Goxx wiped out a whole generation of potential crypto millionaires. There were no adults in the room. + +These days, there are reputable exchanges available. Coinbase isn’t going to exit scam when they’re publicly traded on the NASDAQ. You might get into trouble if you’re trading with 1000X leverage on Bitmex or buying AssCoin on Cryptopia2, but you can assess your own level of risk. + +We’re at the point where you hear way more stories about people getting robbed holding their own keys than you do losing their coins on exchanges. How much of this is user error? Probably most of it, but most people aren’t experts. Telling crypto beginners to get their coins off of exchanges ASAP is a great way to get them to lose it all and swear of crypto forever. + +I know crypto folks like to gatekeep and clown on people losing their coins in stupid ways, but if the dream is mass adoption, it’s not going to happen if it’s inaccessible to normies and hazardous to use. Reputable exchanges are the best case scenario for 90% of the population owning crypto. + +In 2021, there’s nothing wrong with keeping your coins on an exchange if it’s a reputable one. I get the whole freedom angle, but freedom comes with risks that most people aren’t ready for. +My filthy apes, + +Quickly addressing the elephant in the room. I took a mod position with Superstonk and GME\_Capitalists this week. + +I receive hundreds of username mentions on DD posts for clarification and whatnot. I try and respond to people's chat, but I receive so much that it just gets overwhelming. This gets very messy when trying to respond to each comment on a post. Moderation lets me sticky a comment at the top for everyone to see what my thoughts are. So when enough people tag me on a post, it finally gets my attention. + +My only request for becoming a moderator was that they would let me dedicate just as much time to my own research. Please thank your mod team for creating a new system that allows people like me to have the best of both worlds. + +I do not believe in removing posts because the 1st amendment is your right to say what you feel. Unless you're posting porn or something that explicitly breaks the rules, I will just sticky a comment on a post and leave it alone. (hehe... porn and sticky in the same sentence). + +FURTHERMORE, Reddit keeps preventing me from logging in, at random times... literally unable to log in on any device. This happened to me this morning. During this time, The EVERYTHING short was apparently unavailable while a user was trying to find it. I don't know if the events are related, but as soon as I was able to log back in, my post reappeared. + +Edit: Apparently Reddit went down for a while and it wasn't just me. + + Given all of this, I'm just trying to mow the f\*cking yard for an hour and leave Reddit alone. + +&#x200B; + +BTW, I didn't remove the [Chaos Theory](https://www.reddit.com/r/Superstonk/comments/mokvhk/chaos_theory_the_everything_connection/) post. +***I am not financial advice and this is not a financial advisor.*** + +I touched base on the market cycle and how that is used to influence retails decisions in my previous DD [here](https://www.reddit.com/r/Superstonk/comments/tt21h3/deep_dive_into_anatomy_of_a_market_cycle_and_how/?utm_source=share&utm_medium=web2x&context=3), which allows big players to extract maximum value from retail in the stock market while exposing themselves to massive amounts of leverage in the process. In this post, I will again be addressing abstract topics in an attempt to tie my last post, plus this one, together to create a big picture of what is going on. + +**TLDR: The fractional reserve system in which the stock market is operating under (but lmao shouldn't be), with self-regulatory organizations overseeing the system, is the reason bubbles in the market form. The federal reserve through its covid response inadvertently forced TRILLIONS of dollars into the stock market which is currently being held in CFDs or IOUs, or literal toxic pieces of shit. If they had not, there would have been a bank run on the US Equities market and it would have been drained of all liquidity from the system - only debt left. This severely under-regulated fractional reserve system is allowed to use YOUR savings account to create fake IOUs and sell them back to you. This is the reason when this bubble pops, the drawdown is going to be absolutely monstrous.** + +&#x200B; + +[fractional reserve banking](https://preview.redd.it/zq4a4473rdr81.jpg?width=900&format=pjpg&auto=webp&s=d5a7e9e88fa46eb1352eab332dc8272fb9a5bbdf) + +In a fractional reserve banking system, when I deposit $1000 into my savings account, the bank by law has to keep a certain percentage of that deposit on hand in case I want it out. If the bank is required by law to keep, for example, 10% of all deposits on hand, then in the event of a bank run where everybody tries taking their money out at once, only $100 of that initial $1000 I put in will be available for withdrawal. The rest is held in debt, or an IOU to the depositors. The Federal Government is on the hook for that other $900 in the event of a bank failure through FDIC, which insures your deposits up to $250,000. + +As I briefly touched on in my first DD, the majority of the value created in the US equities market actually exists in the form of debt, or a liability. For every 1 share you "own" that is held in a brokerage, that 1 share can be loaned out hundreds, thousands, of times to short sellers by brokers (because it's owned by the broker), and those "shares" the short sellers sell on the market are then bought up by retail. By you. By me. That one share "worth" $100 has its value multiplied to a theoretical infinite degree, creating millions of dollars worth of debt in the system that has $100 worth of value backing it - so long as the liquidity exists to continue creating synthetics. + +&#x200B; + +[printer go brrrrrrr](https://preview.redd.it/c2ott6l6rdr81.jpg?width=1920&format=pjpg&auto=webp&s=0ac822ddcd353838551bb08707f0114c1b75b699) + +why is this system existing in the US equities market such a huge issue compared to the same system existing in the traditional banking sector? There is no governing body that isn't a SRO (self-regulatory organization), or **literal private fucking company** holding brokerages accountable to the amount of deposits they hold on file, or leverage in the system, and the repercussions of brokerages not being able to handle the amount of leverage they carry. The best part about all this? A **non-profit**, private organization is supposed to handle my payout in the event a massive for-profit Brokerage fails. + +&#x200B; + +[A private, non-profit organization is I guess going to be able to cover an entire for-profit brokers customer base? OK](https://preview.redd.it/eems0qn9rdr81.jpg?width=1163&format=pjpg&auto=webp&s=a2ac480b4502f2bb6f78337120a65f7a59abd24a) + +Based off the GameStop Class Action Lawsuit, Robinhood's internal documents showed $GME's short interest at 226% (maximum reported short interest). But what does that really mean? + +If the stock has an actual value of 100/share, there is $226 worth of DEBT held in the price of that stock. **And this complete disconnect from actual pricing/IOU SHITSTORM is only accounting for one stock, at the maximum possible reported short interest at that time. What are the odds of the short interest being exactly equal to the maximum allowed? And the worst part is THERE ARE THOUSANDS OF PUBLICLY TRADED COMPANIES IN THE US EQUITIES MARKET ALL WITH SOME DEGREE OF SHORT INTEREST, not counting the tens of thousands of companies that are sitting in the OTC market with an unknown amount of short interest still open on them.** + +How the hell can there be an argument about fundamentals of **any company on the market** and legitimate price discovery, when there is no way to obtain legitimate price discovery and no way of "pricing in" fundamentals? + +&#x200B; + +[well shit](https://preview.redd.it/eyfro4airdr81.jpg?width=1363&format=pjpg&auto=webp&s=d861aa49e5cddafb83866e0bc4df0c3b5f32a86f) + +The Glass-Steagall Act was passed in the wake of October 1929 stock market crash that plunged the United States into the Great Depression. This act separated investment banking from retail banking, so the money you have sitting in your savings account cannot be used for speculative purposes in the stock market. + +In this situation, the Glass-Steagall Act quite literally separated speculators from mom-and-pop savings accounts. Why was this a good thing, and why should it matter? Because you, your mother, father, husband, wife, wifes boyfriend, etcs savings account can now legally be used by JP Morgan Chase in the stock market to short a stock with Glass Steagall's repeal. + +[what the hell is happening](https://preview.redd.it/hxinrfrkrdr81.png?width=2048&format=png&auto=webp&s=048096655187f6ec8867e4d63b9279ce5efc6e7d) + +What does that mean in the grand scheme of things? + +Your money, which the banking system is federally required to keep x% on hand at any given time, can be used in the stock market at its **liability value - not reserve value - amplifying the potential debt per transaction.** Once it is in the US equities market, the brokers are only required to carry **the single real stock** on hand (shares can be loaned so long as there is "reason to believe that share can be located"), but this debt is paid for **with debt the bank already owes you.** This by definition creates more debt in the system until those shorts close. This is all "regulated" by self-regulatory organizations and private companies, whose leadership team/board of directors often include **members of the bank that is using your money to create this debt to begin with.** [FINRA Board of Governors | FINRA.org](https://www.finra.org/about/governance/finra-board-governors#Current). + +Yes, Brokers carrying 1 share is an absolute extreme. Many carry millions (remember when Fidelity showed 13 million shares to borrow one random morning)? The point remains the same. There is no accountability matching 1:1 of shares that should exist, and when that share is shorted it's no longer available to be shorted until it is returned. There is no accountability on making sure these shorts get closed out, hence the cellar boxing DD by [u/thabat](https://www.reddit.com/u/thabat/). + +&#x200B; + +[what the fvck](https://preview.redd.it/wiswejpqrdr81.jpg?width=480&format=pjpg&auto=webp&s=8ae0becab0aa9477e4485a9eae0d0357a13fa7c4) + +**How does this tie into my other post?** + +The composite man (whoever that may be), is able to take the full amount of debt he owes me through my savings account and use it in the stock market, where the reserve requirement is set by institutions not regulated by the Federal Government. Is it 5%? 10%? 1%? Who the hell knows - it could just be some arbitrary number that adjusts daily (Hence Robinhood saying they shut down trading on GameStop because they were hit with a 3 Billion reserve requirement from the DTCC one random morning). + +The same composite man is able to manipulate the stock market with the **sheer amount of assets they have available to them at any given time - 90% of every savings account that literally exists as a liability to the bank. He can then with my assets, run retail through the Market Cycle, inflicting maximum psychological pain to create maximum theoretical profit.** I then, as retard retail, buy the synthetic stock on the open market from my broker that has quite possibly hundreds, thousands of other liabilities attached to the single real share from synthetic shares produced via shorting and the ETF market. + +Notice a common denominator here? + +[credit to u\/gme2uranus](https://preview.redd.it/qf9yvy9urdr81.jpg?width=1147&format=pjpg&auto=webp&s=78e67732885d51c6732182681af5348705eda575) + +[I guess I am retard retail after all](https://preview.redd.it/g00a50hwrdr81.jpg?width=480&format=pjpg&auto=webp&s=582aa961b7f741cecd134f86fa32b5bf7276aa56) + +Remember from the last DD where I said "it's highly likely that we operate in a completely parasitic system designed to prey on retails emotions by getting them to buy stocks high and sell stocks low. The people with the money (I'm looking at you, Prime Brokers and Hedge funds), are able to manipulate price movement by routing the majority of orders through their dark pools, keeping complete control over pricing of assets so they can enact these mark-up/mark down periods. After all, this is a LEGAL way big players can steal money from retail in the stock market. By buying low and selling high"? **It'd be an absolute shame if the same person able to manipulate the markets was able to use your own money to do it.** + +What is the solution to this absolute massive, giant clusterfuck? Well, there is none. The liabilities in the system are going to exist until they no longer do. How do you reduce your exposure to the shitstorm that is brewing? You take ownership of the asset from the people that have caused this by their own greed. You don't enable the bullshit that retail has enabled in the market for this long. Once your REAL share is taken away, it can no longer be loaned out via brokerages, and worst-case scenario YOU will be the one holding the composite man accountable for his borrows and the stupid amount of debt he is pumping into the system. If **YOU** don't want to loan **YOUR** share, don't. + +&#x200B; + +[Own your assets. Not financial advice.](https://preview.redd.it/upb664tzrdr81.jpg?width=352&format=pjpg&auto=webp&s=a1030eeab91abbe1c03c4bb849886d33659ef7ab) + +[And I'm spent](https://preview.redd.it/s9zcwpt1sdr81.jpg?width=811&format=pjpg&auto=webp&s=d74d3de12d36e8f6aa7a3115cb6512fe05d27b3c) + +**TLDR: The fractional reserve system in which the stock market is operating under (but lmao shouldn't be), with self-regulatory organizations overseeing the system, is the reason bubbles in the market form. The federal reserve through its covid response inadvertently forced TRILLIONS of dollars into the stock market which is currently being held in CFDs or IOUs, or literal toxic pieces of shit. If they had not, there would have been a bank run on the US Equities market and it would have been drained of all liquidity from the system - only debt left. This severely under-regulated fractional reserve system is allowed to use YOUR savings account to create fake IOUs and sell them back to you. This is the reason when this bubble pops, the drawdown is going to be absolutely monstrous.** + +&#x200B; + +Edit: previous post link added at top +When is enough enough? I have been Investing just since January of this year, and I have been in the green maybe a total of 2 weeks since then. This week I have lost 12% of my total investment. I believe in all the companies I’m invested in long term, but right now bad news after bad news has led to a sell-off. How do you know when the free fall will stop? It seems like investing has just given me anxiety, I’ve invested in companies from multiple different sectors and etfs and they’re all performing horribly, I don’t know if I need to sell and purchase other investments, or if I’d be selling at the bottom. Any advice would be greatly appreciated +[From this BBC article](https://www.bbc.co.uk/news/business-50174367) QuickQuid is about to close due to *regulatory uncertainty*. + +If you have an open complain with them, you might receive a fraction of the compensation you're entitled to; please check and stay vigilant. + +Note: I've deleted my original post and reopened it due to an error in the title, sorry about that. +I am 23 years old for background. Have been out of my parents house for about 2 years now and it was not on good terms due to their controlling manners. This is my first year doing taxes on my own and after filing my parents freaked out and told me they had things to give me that i needed to claim/submit. This took me by surprise as I had all my W2’s and wasn’t waiting on anything else. They gave me a form from an account that I have to claim interest taxes paid on it since it’s legally in my name. + +My grandma lives with my parents so they can take care of her since my grandpa died. My mom pays herself from my grandmas bank that she controls every month due to taking care of her being her full time job and having to leave work to do so. It comes out like a paycheck, 3k every month. + +I have now learned that to avoid paying taxes on the money even though it’s lawfully income my mother is making and not a gift, they opened accounts to distribute the money into under the gift amount of 15k to avoid taxes. Turns out they opened an account in my name in addition to two for themselves using my social when I was 20 years old without my consent or knowledge and put part of my mom’s paychecks from my grandma into it to avoid the taxes. This money isn’t for me, I have no access to the account, I can confirm it’s not gifts from my grandma and they have no intent to give the money to me in the future. It’s their money and they’re using my name and social to hide it. + +I confronted them and they told me it’s 100% legal but if it were legal you wouldn’t have to create loopholes to hide it and avoid paying taxes. They started to gaslight me and tell me I don’t know anything. Any advice i’d appreciated. +Looking for the next household name from BSC? This is it! + +World record holding launch, 100% rug proof, unbeatable tokenomics, weekly AMA’s, and the strongest community you’ll ever find barely even start to describe this sleeping monster! + +🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 + +🔥 30% burn on launch! + +🔥 41k holders! + +🔥 Certik and Solidity audits crushed! + +🔥 4% to liquidity locked 79 years + 4% reflected to holders! + +🔥 Contract Renounced! + +🔥 Doxxed Dev Team! + +🔥 RUBIC will soon allow ULTRA cross chain swaps + +🔥 LP Staking & NFT Marketplace finalizing now! + +🔥 Endorsed by UFC Hall of Fame Light Heavyweight Champion Rashad Evans! + +Don’t miss this opportunity! + +🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 + +Website: https://ultrasafe.finance + +Chart: https://www.dextools.io/app/pancakeswap/pair-explorer/0x48bac97d5e3116626a56704be7399e1cb593a945 + +Buy Now: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a + +BSCscan: https://bscscan.com/address/0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a + +Telegram: https://t.me/UltraSafeOfficial + +Discord: https://discord.gg/nq63ERAt + +Twitter: https://twitter.com/ultrasafebsc?s=21 + +Reddit: https://www.reddit.com/r/Ultrasafe/ +Is there something missing from Mint, Personal Capital, YNAB, or other tools? Do you not trust them? Did you spend so much time getting your spreadsheet "just right" that you can't dare abandon it? + +To be clear, I'm not shilling for any of those, I'm just genuinely curious. And I wonder if it's something specific to this community and their investments (e.g. how to value your business)? +Might be a weird question but what I mean by that is; do any companies give any discounts or unique benefits to shareholders that aren’t usually expected when investing? + +Would be cool if I could get 5% off a flight or something +# DEBUNKED UPDATE: Because the R^2 value says there is other things at play in the observed relationships, this means that the title of this post is wrong, but you can still learn from it, so I'll leave it up. It's important to build knowledge and admit when you're wrong - that's how we find truth. Thanks to all the stats apes that helped point out the flaws in this. Back to the drawing board... + +Hi Apes, Bob here again. I got a bit interested in the repo rates and how they might relate to GME. So I told my wife she cannot see her boyfriend until she runs the numbers. Naturally, she did this as fast as possible so she can get back to spending time with those that matter most to her in life, so please forgive me if anything is out of place here. + +**TADR at the bottom** + +As you’re probably aware, the reverse repo rate has been steadily climbing in the last couple weeks, and we’ve seen 3 record high days in a row now, with today (6/10 being $534B). That’s a lot of tendies piling up … + +&#x200B; + +https://preview.redd.it/889hrclb4j471.png?width=624&format=png&auto=webp&s=fbfd255d193a1f699b24a911854b0c35200cee10 + +Now, the best way to see if there is a relationship between two variables, from a scientific perspective is to run some statistical analysis on it. So, we compared the daily reverse repo rate to a few things I was interested in. + +**Before we get started, remember** [**correlation is not causation**](https://en.wikipedia.org/wiki/Correlation_does_not_imply_causation)**. But such a strong p value looking at data over the last 2 years does imply there is a very strong relationship between the compared values.** + +**Running a** [**bivariate analysis**](https://en.wikipedia.org/wiki/Bivariate_analysis)**...** + +**Edit**: Thanks all the stats apes that picked this apart, and a big fuck you to the ones that did it in a dickhead way. I'll be running more analysis on the numbers as suggested and may do an updated post later. **The takeaway here is that, while there** ***is*** **a statistically significant relationship between the variables presented, they do not explain the entire situation, as the R\^2 value is too low to provide a good fit. AKA, nothing is conclusive at this point, and we need to do more research to verify exactly things fit.** + +# Thesis: + +Reverse repo has a positive correlation to: + +· The total value of FTDs for GME; + +· The Opening Price; and + +· The average price for any given trading day. + +# Reverse Repo Daily vs FTD Daily Value + +## Why is this relationship expected? + +I would expect there to be a positive correlation between the reverse repo amount and the value of the FTDs in GME *if* our beloved stonk is so shorted and manipulated that it is affecting the liquidity requirements of all the sHFs and upper layers to the extent that they have to borrow BILLIONS (edit: of collateral) PER DAY to meet their obligations. + +## What are the results? + +There is a clear relationship between the reverse repo and GME FTD value on a daily basis, with a p value of < .0001, meaning it’s statistically related. + +**Edit**: the R\^2 value is low, so that means the observed relationship here only accounts for roughly 8% of the correlation. + +## What does this mean? + +Well, besides HFs r Fuk, it means the rise in repo rate is likely correlated to the rise in FTD value for GME on a daily basis… To The Chart! + +**Edit**: Remember, the R\^2 value being low means there are more things at play here than a direct 1-1 cause and effect correlation + +&#x200B; + +https://preview.redd.it/mfoihlzc4j471.png?width=410&format=png&auto=webp&s=31d2260900e43f1194ab8fbc77adc27132b39652 + +# Reverse Repo Daily Vs Avg Price + +## Why is this relationship expected? + +I would expect there to be a positive correlation between the reverse repo amount and the average price of GME on any given day *if* our beloved stonk is so shorted and manipulated that it is affecting the liquidity requirements of all the sHFs and upper layers to the extent that they have to borrow BILLIONS (edit: of collateral) PER DAY to meet their obligations. We use average price to capture the daily price-related roller coaster. + +## What are the results? + +There is a clear relationship between the reverse repo and the average price of GME on any given, with a p value of < .0001, meaning it’s statistically related. + +**Edit**: the R\^2 value is low, so that means the observed relationship here only accounts for roughly 29.26% of the correlation. + +## What does this mean? + +It’s more confirmation that Hedgies r fuk, and we are on the right track with our DD. STATISTICAL confirmation. Bonus, the chart is green because its such good news! + +**Edit**: Remember, the R\^2 value being low means there are more things at play here than a direct 1-1 cause and effect correlation + +&#x200B; + +https://preview.redd.it/uqstojqd4j471.png?width=497&format=png&auto=webp&s=75f4e2fe745687fd84ab20ad37b33baffaace00d + +# Reverse Repo Daily vs Opening Price + +## Why is this relationship expected? + +I would expect there to be a positive correlation between the reverse repo amount and the opening price of GME on any given day *if* our beloved stonk is so shorted and manipulated that it is affecting the liquidity requirements of all the sHFs and upper layers to the extent that they have to borrow BILLIONS (edit: of collateral) PER DAY to meet their obligations. We use average price to capture the daily price-related roller coaster. This is especially true, given the timing of the repos. + +## What are the results? + +There is a clear relationship between the reverse repo and the opening price of GME on any given, with a p value of < .0001, meaning it’s statistically related. + +**Edit**: the R\^2 value is low, so that means the observed relationship here only accounts for roughly 27.42% of the correlation. + +## What does this mean? + +Well, this one’s really exciting! The chart exhibits a classic long-neck ape formation with a bullish AF correlation that means… + +**Edit**: Remember, the R\^2 value being low means there are more things at play here than a direct 1-1 cause and effect correlation + +&#x200B; + +https://preview.redd.it/q6pjueje4j471.png?width=503&format=png&auto=webp&s=3f803e1a06a85370200a03e732dfd12bef5905d8 + +**TADR**: We ran the numbers, and they came back saying hold, buy, and … well we already voted (great job everyone)! The numbers say that it’s likely that as GME has more FTDS and higher prices, it puts more and more and more pressure on the entire financial system. + +**Edit**: That said, the other numbers started arguing with us and pointed out that GME's prices and FTDS only affect a portion of the growing RRepo bubble. + +https://preview.redd.it/2da8ul3f4j471.png?width=544&format=png&auto=webp&s=569e7ba17117486f69c3a6ca010e4e4ea4db37f0 +I know we’re hitting an downturn in the economy and I’m worried that instead of building my savings I’ve been throwing all my money at my student loans every month. + +I have a degree in computer science and just graduated last year, I love where I work its a great company and I learn a lot but as a new dev there’s not much I can contribute that a senior dev can’t already do. I’m basically just an extra set of hands that knows the basics. So that’s not great for job security. + +I live at home still, my parents couldn’t help pay for school out of pocket, but they said they could help with reducing my living expenses. Which I am forever thankful. + +So I make 3800$ a month and pay 3000$ every month on loans. The only other required expense is that of owning a car. Outside of that I have a gym membership and some subscriptions I can cut out if need be. + +I have about 4000$ in savings. + +I am now less than 20k in debt and if everything goes smoothly I can be debt free around August/September of this year. + +Basically, am I doing this right? + +TLDR: most of my income goes to paying for student loans, should I start building my savings instead and hold off on paying my loans down so excessively and just do minimum payments? +This applys to all subs for cryptos and as I'm sure many of you have ventured out into other subs as well, you've seen it too. + +We see a skyrocket in prices such as the past 2 months where everyday your portfolio is going up 5/10/15% and everyone's happy going along and although there's a few bumps in the road people are content then we reach times like these. Prices aren't stable and they hover or fall quicker then they rise. People start posting things like "wtf I'm so pissed I lost X dollars today, Ethereums dead! It's all down hill from here back to $1!!" + +Come on guys, in no world will there be a market that can rise so much to the point where your basically doubling your money every month. In the past 30 days Ethereum has gone up ~35% which is great! Yes, it would be better if we hit $420 and kept going but I can't complain. Please please please people, realize this isn't some money generator that you throw money at and it exponentially rises by the day or you'll end up like me in 2015 selling hundreds of Ethereum I bought at $0.75 cents to make a few grand. (Which in my case I'm glad I did or else it would have most likely been lost on cryptsy during the collapse) + +If you truly believe in cryptos making it and changing things as we know it you would ignore these bumps and pick up more if anything. If you're investing to make money don't sell out because everyone else is, that's how these downward trends spiral and gain downwards momentum. You're not going to want to regret selling at $300 only to find out a year from now ethereum is 500/750/1000/10,000 whatever it is. I'd rather take the chance that my investment bottoms out then be that person that sold out to make a quick buck only to regret it down the road. + +Just my 2 cents, to each their own but I can't stand seeing the negativity and people that get pissed when ether or any other crypto isn't gaining 10% a day. + +Sorry if my formatting is off or there are grammar issues, typing from mobile. + +Best of luck to everyone and lets hope for better days/weeks! + +Edit 6/25 @ 7:26am - I remember something I posted in a bitcoin subreddit over a year ago when it fell from like 500 to 400 (lol) + +"Buy when there's blood in the streets, even when the blood is your own" +**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; +https://www.washingtonpost.com/business/economy/trump-says-china-is-paying-his-tariffs-but-us-companies-keep-getting-the-bill/2019/07/22/cbe5a1e4-aca3-11e9-bc5c-e73b603e7f38_story.html + +Dozens of companies have begun shifting their supply chains from China to other locations, although most stay outside the United States, disappointing Trump’s hopes of a large-scale reshoring of lost factory jobs. + +The president last week repeated his contested claim that Americans “aren’t paying for” the tariffs. The most comprehensive analyses to date — a pair of studies by economists from institutions such as the Federal Reserve Bank of New York, Princeton University, the World Bank and Yale University — concluded that Americans are paying the entire bill. + +Yet for all the talk about tariffs, the aggregate economic effect has been modest. Inflation remains below the Federal Reserve’s 2 percent target. And although some businesses have postponed planned investments, consumer spending in the factory and farm communities most exposed to the trade war has been unaffected, economists at Bank of America Merrill Lynch reported earlier this month. +While quite a few companies suspended or slashed dividends during the recent events, it seems also quite a few are now showing positive earnings again/soon. + +I have a few of these in my port..MGM, BBBY, F to name a few. +Should we expect these dividends to be reinstated shortly..say within the next 6 months, or are they going forward, considering this their 'new norm'? + +And..any companies reinstating now, that we should reconsider? +Let's say I lump sum invested £10,000 into index XYZ. + +It has a CAGR of 10% per year. + +I want to skim off £100 every month to spend on absolute rubbish. Pints, Amazon crap, whatever. + +Is there a formula or something to figure out how much you're messing up compounding? + +Obviously taking £1000 every month would completely kill your investment. + +Taking £1 every month wouldn't make a difference. + +How can I figure out the right balance? +Ok so i put some money in to Pineapple power (PNPL) around a month ago now id say. It has a pretty low market cap i think its around £6.2mill. Its a green energy company and i believe they are looking to invest in/buy out other companies within the sector. It seems quite interesting especially with how big green energy is going to be this year. I was just wondering if anyone had anymore information on them or if anyone else has invested in them as they believe they will do well? +I have no debt, but I also have nothing saved for retirement. I was crazy (literally and figuratively) in my youth and am trying to play catch up on alotta things, trying to figure how this settling down and being an adult thing all works. + +I know saving is essential, but I’m also sick of throwing money away on rent. I have about 10grand in the bank, and bring home about 48 a year. + +I will be sitting down with a financial planner and a mortgage broker soon to see what’s what, but would like to hear opinions here! + +Edit: +My employer does not offer anything, no IRA, nada +It's not zero shares available, they're just not giving us the data. Displays a phone number to call for more info. + +Any insight on what's up? + +Please, forgive the obligatory string of meaningless text to meet a two-hundred and fifty character count. +I am having a small account of around 10K. I have only one trading set up which I am following meticulously. + +I started trading in US markets in Sep-2022. Earned nothing so far but future seems bright. I am down $1500. + +Only trading 0DTE short Iron Condors in SPY with 4 points spread between sell Leg and Buy Leg. + +For Friday Expiry Options, I will take the trade in last Half hour on Thursday. Target to capture $0.08 to $0.12 per lot short Iron Condor trade overnight. + +With 10K capital I am making 25 Iron Condors with 4 points spread in SPY. + +Risking entire capital for 2-3% Gains per day. Plan to initiate trade in last half hour only on Tuesday, Thursday and Friday. Target is 5-6% per week. + + +Risks in my Strategy - Wiping out entire capital on one bad day. We just need to be mindful of when to trade and when to stay out of market. Staying away from markets around big events is a must. +A couple months ago I quit my job to sell options full time, and so far it's been going well. However, I'm at a loss when people ask me what I do for a living. I'm not a day trader, because I mostly make weekly trades and actually make money. I could say "options trader" but most people have no clue what options are. What do you say when people ask what your job is? +I'm sharing this because I thought it was not possible for someone like me to achieve this. I know a lot of people buy homes and it's not that big of an achievement to some people but I come from a benefits family, and of the 12 people in my generation I am the only person that is a home owner. Worked rough manual labour jobs from 15 to 23 where I retrained myself to a creative field. + +I had a bit of a rough few years - saved a deposit once but spent it all caring for my mum before she passed away. + +I had to save £15,000 again from scratch - did around £10,000 of that self-employed just working every hour I could. I literally went into a weird hyperdrive period where all I did was work and made as much money as quickly as possible. + +My self-employed history was really not great before this stage - I made quite good money but my profit wasn't that high due to a lot of travel. Nobody would lend to me at all. And my credit score was pretty fricked as well with a missed credit card payment. + +I went out and found a £25,000 job, sold pretty much everything I owned, lived like a monk (literally treated myself to splashing out £5 at the corner shop every Saturday and saved everything else) and once again had my deposit. After 6 months re-applied for the mortgage and along with my partner we were able to borrow around £230,000 with Halifax through a local broker. + +I am by no means a financial advisor but if you're like me and don't have parents or inheritance to help you buy a home here are the main ways I did it: + +* cancel your monthly subscriptions (saved around £50pm) +* cancel or lessen your Virgin/BT package (saved £30pm) +* stop buying takeaways (saved £50pm) +* sell everything you no longer use or need (made around £3000) +* if you're self-employed with shitty looking accounts or profits then just get a job for 6 months (the minimum time lenders wanna see you in a job) after you've worked like a mad man to make good money. +* try to get your credit score up but don't worry too much - speak to a local mortgage broker, not a national corporation! + +I'm happy to answer any questions anyone might have about the whole thing if you think I could help! +After bitfinex personally deleted all my posts on their page within 2 minutes I will try it here! +It's been more than half a year with headaches before I now decided to go public. +Bitfinex has frozen my account after a withdrawal request of about 2.1 BTC in February. By my standards that is a huge amount of money. Money I would have never dreamed of when starting with crypto to be honest. Back in the days (my account is multiple years old now) I used to trade crypto to crypto only. I have never encountered any problems concerning deposits and withdrawals at bitfinex back then. I probably wasn't anyone special to them because I was only juggling around a couple of thousand dollars a year (depending on the crypto prices). + +Anyways, as we all know crypto prices rose immensely in the beginning of this year. That was when I decided to withdraw my coins. Upon request they claimed to have frozen the account because of an automated KYC procedure. As much as I understand it, you would only need to verify if you started trading fiat currencies. I did not do that. However, I thought it might just be some security feature to protect me as the account owner. After all, this wasn't "peanuts" anymore and because it was (and is) so much money for me I happily agreed to verify. + +Since then I ran through an odysse of providing documents and declarations of all kinds. Some of them were super private. +They wanted me to proof my identity, which I did. The standard procedure with passport and proof of address. + +After that they wanted a proof, where I got the very first coins from that I deposited many years ago. Those coins they never cared about for so many years while letting me do many deposits and withdrawals in the meantime. +Since I originally bought those bitcoins 6 years ago together with my old roommate that was quite a task. We found the transaction and sent them all necessary files and transaction data. + +But not enough. I now had to proof that he was actually my roommate, which was quite difficult too because we don't live together anymore. Because of data protection regulations the landlord from back then needed a signed request from both of us in order to hand out the proof to me. (It's no joke, GDPR is taken serious in Germany.) +To clarify: I verified myself and my old room mate. I did not forge any documents and I did not lie anywhere throughout the process. + +I finally send them the proof from the landlord. +Not enough again. I now had to proof that I went to school with that roommate. So both of us had to send them our school certificates also. +Not enough again. They suddenly started asking me about other withdrawals from 3 years ago. I proofed that I sold the crypto for cash and transferred the cash to my bank account a week later. + +After that, they told me to wait again. That was almost 2 weeks ago. No reply. + +I'm just so tired of this. Just angry, exhausted and worried. By now, they probably know more about me than most of my friends and family. Financially and in general. Plus they have copies of my entire identity from A to Z. At the beginning I thought it's really just a way to prevent my account from getting robbed but after all I'm just worried about their real intentions. + +To bitfinex: +Please give me back my account and stop this shady practice. + +To the community: +What else can I do? + +UPDATE 1: Their support contacted me and is willing to unlock my Account if I upload yet another selfie in high quality. Instantly did it and they told my I will get full access within the next ours. I am hoping so much that all this really might be over soon. +Thank you for your support peeps. + +2 UPDATE: After all i got back the full authorization to withdraw my coins. You can't imagine the stress relief after 9 month. Immediately transferred all crypto to my ledger wallet. Thanks to bitfinex to finally solve the case. I think it's an remarkable coincidence, that I got my account back a few hours after i went public. +You really shouldn't do that to your customers. I will draw my consequences from it and never come back. +Massive thanks to the community, guess I owe it to you! That's the power of Internet! 😇🙏🏼 + +They also deleted the repost from their subreddit again. No bad blood but in my opinion those guys are legit criminals! Better stay away from Bitfinex. +I know many people who have the same unsolved struggles with them. My luck was that this got posted on the bitcoin subreddit so they had to to something. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://np.reddit.com/r/investing/comments/6acolz/cryptocurrencies_and_the_circle_of_competence/ + +The OP is pretty subtle in how he establishes a neutral stance, then subtly concern trolls ETH, and then he pretends that ETC is the real Ethereum. (note: he deleted the controversial part, but his hand has been shown). Somewhere in his replies to me, he even promoted Barry Shilbert's material... let me find it: + +https://np.reddit.com/r/investing/comments/6acolz/cryptocurrencies_and_the_circle_of_competence/dhdkqi5/ + +Is that what you call fucking neutral??? + +Finally: there are ETC trolls going around spreading fake links specifically this: https://np.reddit.com/r/investing/comments/6acolz/cryptocurrencies_and_the_circle_of_competence/dhfw3qd/ + +There are a lot of bad actors out there trying to bring ETH down, most of them from the maximalists from the other two coins taking advantage of naive investors. Watch out. +How to make money when you're literally broke and have 0$ with you and there's still a few weeks to the end of the month ? + +To save and/or invest you need to have some *extra* money lying around but that's the problem , you find out there's nothing in your pockets or bank account, what to do now ? + +The answer may seen very clear for others that swiftly go and say; " get another job , work your ass off , cut your expenses" , + +What to do when you're already in that position: working two jobs , 40 hours a week and you still can't make it with some extra by the end of the month . + +What we should do ? + +Please help all of us in this position with a bit of your knowledge, wisdom and compassion. + +Hope you're all good. +Yeah I’m down like everyone else but can’t complain. I’m not a stock picker and like every other financial crisis they have recovered. Large emergency fund and a lifestyle that is pretty minimal. Thinking of buying a new car tomorrow. Any chance I could swing a FAT deal from the dealer tomorrow? + +Thinking an M5 or E63. Any suggestions? + +Also, don’t wanna hear “this time it’s different” + +Thanks. +If you're in on these groups, be careful. + +https://cryptostreet.co/the-us-senate-hearing-cryptocurrencies-had-positive-negative-voices/ + +Regarding Pump and Dumps and Market Manipulators + +While the market does not have the necessary tools to prevent pump and dump schemes, the Senate showed its concern on this matter too. The chairman Jay Clayton was asked to present his strategy towards stopping pump and dump schemes. + +Jay Clayton stated that these type of schemes are very hard to stop in the digitalized market. But the **SEC has created a special task force that collaborates with the FBI in order to control it.** + +The pump and dump schemes are usually conducted on social platforms like Telegram and could have a great impact on the price of a currency. The investors who are not aware of such events have a lot to lose because of it. +They spread multiple false information! + +They say they're regulated by the EU, this is a FALSE statement. Their entity is real, but that doesn't mean the business they will offer is good. Every company can register in the MTR database, it doesn't mean it's a good business. + +Nasdaq backed statement: they use the Nasdaq matching technology. They use an Nasdaq API that matches orders with each other. They have no further connection with Nasdaq. + +The company behind DX exchange is SpotOption [https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37591/](https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37591/). A company that is convicted for FRAUD and forbidden in Israel. - [https://www.timesofisrael.com/fbi-arrests-israeli-binary-options-ceo-as-she-disembarks-el-al-flight-at-jfk/](https://www.timesofisrael.com/fbi-arrests-israeli-binary-options-ceo-as-she-disembarks-el-al-flight-at-jfk/) \- [https://en.wikipedia.org/wiki/SpotOption](https://en.wikipedia.org/wiki/SpotOption) They are offering the DX exchange under the same license number! + +Do your research guys the chances on a big scam are huge! + +(not my research, just repost it here, because this thread was removed from the r/DxExchange , [https://snew.notabug.io/r/DxExchange/comments/adghuc/be\_aware\_of\_this\_the\_truth\_behind\_dx\_exchange/](https://snew.notabug.io/r/DxExchange/comments/adghuc/be_aware_of_this_the_truth_behind_dx_exchange/)) +If you're wondering why the price of ethereum is coming down, look no further. You guys are giving them eth and they're dumping it right back down your throats. And then you're scratching your head wondering who's selling, the moon, etc. +I personally love using an EMA crossover strategy paired with the fibonacci retracement, as well as just a general macro view. I go into each trading session knowing I am only going to play puts or calls, & if there is a play I take it. + +I added a simple picture of SPX for a visual +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. +Hi guys, I have about 30k in USD sitting in my bank account earning 0.05% interest... This is my emergency fund if I ever need to liquidate it within 2-3 months. Any advice on where I should put the money into so they will work harder. Thanks +I keep a very close eye on the market in my area and am in regular communication with others who are looking and gather their own detailed data. + +One thing I am noticing (Sydney's south and south south west) and I'm guessing elsewhere is ubiquitous underquoting. + +I have had all kinds of agent defences like changing market, 'unique properties', what 'people coming through have told us' etc etc. + +Much of it is bullshit. + +There are many places I look at and say straight away, this is underpriced. That is, that the owner in no way will accept a price in line with the guide presented by agent. + +Classic current example: + +[https://www.realestate.com.au/property-house-nsw-padstow-132448918](https://www.realestate.com.au/property-house-nsw-padstow-132448918) + +Nicely renovated place, good street within 600m to station and block size of 550sqm. A place which doesn't look nearly as nice and much further from station but otherwise comparable sold on weekend for 1.27m. I will run through the airport tunnel naked if the owner is prepared to take any less than 1.3m. You would be getting over 1.2m for a luxe duplex here. This guide is bunk. + +No surprises it is McGrath who lead the way in this tosh but it seems other agents are going down same path. + +Spoke to someone who was given a verbal guide on an Oatley place of 1.2m. Clearly they had no intention of taking this or close to it. No bids at 1.2m but then subsequently goes on market at 1.34m. + +Am all for letting the market determine price but this behaviour sucks. If you aren't prepared to take a price in your guide how the fuck is it a guide then? Why are people seemingly accepting this as the norm? +Hey Guys, this might not be interesting, but I thought it was curious given the current state of the property market. + +I recently bought an apartment (no, not a new one). It was listed Nov last year for 435k+. It lowered in price twice to 400. I got interested, offered 380 and raised to 385. Got knocked back, walked away. They got in touch a few months later and offered it to me for the 385. I said no and the listed price subsequently dropped to 385. I eventually offered lower than 385 and had it accepted at what I offered. + +It settled but the realtor took a while to change the listing to "sold." I showed a few friends the listing after settlement to show them what I got and all the while it was still listed at the "385+" it had been lowered to way back when. Last time I checked the listing had been changed to "sold" but the curious thing is that the realtor, when designating it as "sold", took the liberty of raising the price to 390... now of course they are under no obligation to let the world know what the seller got/what I paid but it's also very cheeky to raise the price in that way. + +(Side note, is this what the price look up feature draws on? In 10 years time if someone looks up what I paid will it show this new price or the true price?) + +Apologies if a boring story - downvote away. +So brother in law has brain cancer and has about 2-5 yrs to live but won't be able to work. His motor skills havr taken a step back. My sister is in MRI tech school full time and they have 3 kids. The family is stepping up to help, but the hospital bills, and daycare, etc. is mounting. +I am helping her out, but I began looking for a better paying job to help out even more. I want the kids to have food, clothes, bithdays, and be as normal as possible. +Had some interviews and got an offer for 10k more than my current job. I accepted. +The company I work for is doing so so and budget is tight, so I never even thought of asking for more money. +Went to turn in my notice and the Director asked if he matched would I stay. I was baffled, but of course I would. +He got the match, I will be able to send more to my sister, and I don't have to start a new job with a weird shift. +He also had many words of praise about my work and said although budget is tight they want to keep the good people. +Made my day, weekend, month. +Lesson learned on asking for a raise. It never hurts to try. + +Edit: Wow! A ton of great stories, encouragment, and opinions. Thank you all? +A little more background. I did get an offer letter for the raise. +The CIO brought me in to her office and said she normally never saves people from leaving for the very reasons many of you have expressed (if more money comes they will leave eventually anyways), but they love work and my attitude and it was a no-brainer for her. +Some of you may say she is just saying that, and you could be right, but we had a heart to heart and talked about people we had lost and people we know who currently have a terminal illness. +Will I retire from here? No. I am a Gen Xer(35) and like to move jobs every 2-3 years to keep things fresh. +Does their gesture make me want to more for them? Yes. +I am in IT, and live in MN. IT jobs are everywhere and pay well. They know this yet gave the raise anyways. + +Edit 2: +Thanks for all the support. Lots of good conversation from those in the same boat. Some have been burned, others had it worked out for them. I hope to be in the latter group and feel that I am. Time will tell. +As for my brother in law and sister, it's a long road ahead. The guy is so young (39). Embrace every moment folks. Tell everyone you care about that you care about them. Go on adventures. Live life. Become a Vikings fan! +Later... + Sorry If this is not the appropriate place for this but I think it is, I couldn't find other money-saving tips on the sub so thought I would share my ultimate guide (originally from my blog but I have removed referral links). This is a WIP as I'm hoping to put together a master guide so if you guys have any other tips, do please share them! + +Using some of these tips below I have **saved hundreds** on my monthly outgoings. With two dependants I am still able to maintain a **savings rate of 59%** (which for my income I think is pretty impressive). Don't just take my word for it, try it yourself... + +## UTILITIES, ENERGY & HEATING 🏡 + +So you want to know how to cut down your utility bills? We all know that they are up there with some of the highest expenses we have to fork out for as grown-ups.  There's no denying that changing your provider isn't something we look forward to doing but I can almost guarantee you are likely overpaying for them. The easiest way to find out if you're overpaying is to use a comparison tool like '[Uswitch](https://www.uswitch.com/)'. I'll breakdown the different utilities with tips on how to save on each of them. + +### 1. GAS BILL 🛢️ + +Use a comparison website like '[Uswitch](https://www.uswitch.com/)', avoid promotions that offer a new-comers discount. Find a deal that has a fixed rate for the term, this ensures that your price doesn't go up partway through your contract which sometimes catches people out.  I currently have my gas and electricity with Octopus and I can't recommend them enough, they're cheap, eco-friendly, and great customer service. Another that I have heard great things about is 'Bulb' although I cannot say first hand. + + +‍ + +Turn your thermostat down, just one degree makes a huge difference (just 1°C - this could cut 10% off your heating bill). + +### 2. ELECTRICITY BILL ⚡ + +As with gas, use a comparison website like 'Uswitch', avoid promotions that offer a new-comers discount. Find a deal that has a fixed rate for the term, this ensures that your price doesn't go up partway through your contract which sometimes catches people out. Once again, look at Octopus and Bulb as possible providers for their good prices and fixed rates. + +### 3. WATER BILL 💧 + +Use a calculator to find out if it may be cheaper for you to get a [water-meter](https://www.ccwater.org.uk/watermetercalculator/) instead of a fixed tariff (not always cheaper. If your supplier cannot provide a meter then you can look at getting an 'Assessed Charge' Survey, this is where they base your rate depending on various factors such as the number of bedrooms in your home and occupants living in the property. Normally, the charge will only apply if it is lower than the unmeasured bill you would otherwise pay. + +Take showers, not baths, turn the tap off when you’re brushing your teeth or brush in the shower, fix leaks. + +### 4. ENERGY SAVING (BULBS/METERS) 💡 + +Most energy providers will supply you with a free smart meter, although the meter itself may not save you money per say; it will make sure that you are not overpaying for your Gas and Electric because your supply knows exactly what you are using. The main factor with this that will help you save money is that you can see just exactly how much you're using and it can help you narrow down appliances that are using excessive amounts of energy. + +Look into replacing your bulbs with energy-efficient ones, while it may be expensive in the short term, it is said that you will recover the cost after just two months and then an annual saving of up to \~£20. Oh, and they also last way longer!  + +### 5. BROADBAND 🌐 + +It doesn't pay to be loyal these days, I would recommend taking advantage of "new customer only" deals as these normally save you a huge amount for your first contract. When your contract ends you can try and haggle with your current provider which can sometimes work but inevitably you may need to look at moving your custom elsewhere. + +## ENTERTAINMENT & LUXURIES ⛱️ + +### 1. STREAMING SERVICES 📺 + +Now probably isn't the best time for this what with lockdown and all but we're all a sucker for the streaming services, at least I'm guilty of it anyway. They soon add up... Spotify, Netflix, Disney+, Prime Video. By no means get rid of them all because there is no denying that you have to have some entertainment in life but see if you can sacrifice one or two of these. Just for example sake, if you have all of these and canceled them all you would save \~£384 a year. + +### 2. GYM 💪 + +Just go for a run outside and pick up some big rocks... No, but really, I can't comment on this because I get free gym access through work but I have heard that gym memberships at some of the 'Premium' clubs are huge, see if you can find a cheaper alternative "Indie" gym. + + +## FOOD & SHOPPING 🛒 + +### 1. SHOP SOMEWHERE ELSE 🏪 + +I can't stress enough how much of a difference to your food shop cost it can make just shopping somewhere else. I have friends that shop at Tesco and it makes me cringe at how much it costs them just to get a few items. If you don't already, I strongly suggest you try shopping somewhere like Aldi or Lidl. Personally, I shop at Lidl, they have everything you could ever want, at great prices but for the love of god avoid the middle aisle. I have left that shop with things I didn't even know I needed sometimes. + +### 2. BUY OWN-BRAND PRODUCTS 🥫 + +If you're already shopping somewhere like Lidl or Aldi then this probably isn't much of a challenge but if you really can't bring yourself to start shopping elsewhere then at the very least buy own-brand products. Most of the time you cannot tell the difference other than the fact you pay a mark-up for the fancy brand. + +### 3. BUY IN BULK 🛍️ + +Only applies to some things of course, but the main ones this applies to are things that keep for a long time. Such as pasta, rice, and potatoes. If you know that you're going to have to buy the same thing next week then it normally just makes sense to buy the larger quantity. + +### 4. BULK COOK 🍳 + +Much like buying in bulk, cooking in bulk is a great way to save money too. You buy the items in bulk and at a lower rate which in turn allows you to cook a larger quantity. You can then refrigerate the meals for the rest of the week or freeze for another time. It's ideal to have a few meals in the freezer for those times when you really cannot be bothered to cook and are tempted to get a cheeky takeaway, this way you have something ready for one of those kinda days. + +### 5. MEAL PLAN/SHOPPING LIST 📜 + +I recommend going shopping with a list and sticking to it. This way you get exactly what you need and no more. Ideal for when you see something in the middle aisle of Lidl that you definitely don't need but want even though you have never heard of one before. It also helps to make a meal plan, ideally for the month but at the very least for the week, this helps ensure that you are buying all the ingredients you need in one shop. + +## TECHNOLOGY 🔌 + +### 1. SIM ONLY DEALS 📱 + +You may find yourself spending around £60 on your phone contract, Over a 2-year contract, you could find yourself spending nearly £1.5k! Although you can't commonly leave your contract once started. I would recommend looking at SIM-only deals when nearing the end of your contract. There are a couple that I recommend, I use SMARTY (a subsidiary of Three UK) but Voxi is also another good option.  + +## TAX, CHILDCARE & ENTITLEMENTS 👶 + +### 1. TAX-FREE CHILDCARE 🧑‍🍼 + +Saving the best till last because we all know how expensive the dreaded childcare costs can be. If you are able to, you could ask a friend or family member to help out for one day a week or something. Just one day off a week throughout the month could save you £160. That being said, we don't all have the luxury of having friends or family around to help out. The government a scheme where you get Tax-Free Childcare, you’ll set up an online childcare account for your child. For every £8 you pay into this account, the government will pay in £2 to use to pay your provider. You can see if you are eligible [here](https://www.gov.uk/tax-free-childcare). + +### 2. 30 HOURS FREE CHILDCARE 🧑‍🍼 + +Likewise, with the tax-free childcare, you can get 30 hours of free childcare per week for 38 weeks of the year (during school term time). You can see if you are eligible [here](https://www.gov.uk/30-hours-free-childcare). + +### 3. WORKING FROM HOME TAX RELIEF 👨‍💻 + +Even if you have only worked a single day from home during the lockdown then you can claim expenses for the entire year.  + +You can either claim tax relief on: + +* £6 a week from 6 April 2020 (for previous tax years the rate is £4 a week) - you will not need to keep evidence of your extra costs. +* the exact amount of extra costs you’ve incurred above the weekly amount - you’ll need evidence such as receipts, bills, or contracts. + +Tax relief for the full tax year will be worth either £60 or £125, depending on the rate of income tax you pay. + +You have to of been make to work from home is the only caveat that I can see but it is worth checking the criteria for yourself [here](https://www.gov.uk/tax-relief-for-employees/working-at-home).  + +### 3. BENEFITS & SUPPORT 🧮 + +For any other allowances or social benefits then you kind find out your eligibility using one of the following calculators. + +* [Turn2us](https://www.turn2us.org.uk/) +* [EntitledTo](https://www.entitledto.co.uk/) + + +I think that I have covered everything, but If I've missed anything or you would like to share some of your tips and secrets then I would love to hear about them. Drop me an email at contact@bemoneysm.art  + +For more information I recommend reading: + +[MSE Money Makeover](https://www.moneysavingexpert.com/family/money-help/) + +[MSA Save Money On Bills](https://www.moneyadviceservice.org.uk/en/articles/how-to-save-money-on-household-bills) + +***Edit*** + +Right guys, this post blew up today (for me anyway!) So far I have collated a list and will continue to add to it as more suggestions come in. So far we have: + +1. shop loyalty cards (FOOD & SHOPPING 🛒) +2. Council tax reduction for single occupants (TAX, BENEFITS & SUPPORT 🧮) +3. Haggle with current network provider (UTILITIES, ENERGY & HEATING 🏡) +4. Cashback Schemes (GreenJin, CheckoutSmart, Shopmium) (FOOD & SHOPPING 🛒) +5. Employer benefits/discount schemes (FOOD & SHOPPING 🛒) +6. Car insurance (Car insurance can be 1/3 cheaper if you pay up for one year in one off payment rather than monthly DD) (alternative job titles) +7. Use multiple comparison sites ([https://energycompare.citizensadvice.org.uk/](https://energycompare.citizensadvice.org.uk/)) (MSE) +8. Help to save scheme .gov ([https://www.gov.uk/get-help-savings-low-income](https://www.gov.uk/get-help-savings-low-income)) (TAX, BENEFITS & SUPPORT 🧮) +9. Marriage tax allowance (TAX, BENEFITS & SUPPORT 🧮) +10. Local market and butchers (FOOD & SHOPPING 🛒) +11. New tab for student/employer discounts (Tax, transport) +12. New customer deal (UTILITIES, ENERGY & HEATING 🏡) +13. tax band change (TAX, BENEFITS & SUPPORT 🧮) +14. water drainage rebate (UTILITIES, ENERGY & HEATING 🏡) +15. reciept scanning (ZipZero, StoRewards, Huyu, SnapMyEats) (FOOD & SHOPPING 🛒) +16. If you're unmetered and living alone, some water companies also allow for a single person discount (UTILITIES, ENERGY & HEATING 🏡**)** +17. Cancel TV License (ENTERTAINMENT & LUXURIES ⛱️) +18. Family plans for netflix/spotify etc (ENTERTAINMENT & LUXURIES ⛱️) +19. lookaftermybills (UTILITIES, ENERGY & HEATING 🏡) +20. Cheaper gyms - Anytime Fitness, Puregym, The Gym Group (there's no need to pay for expensive classes or personal trainers, invest in a couple of hours research and you'll be golden.) (ENTERTAINMENT & LUXURIES ⛱️) +21. Add ‘pouch’ as a browser add-on. It automatically browses the internet for any discount codes and applies that to your basket. I’ve saved a lot from this already (FOOD & SHOPPING 🛒) +22. hotukdeals and camelcamelcamel to find best deals (FOOD & SHOPPING 🛒) +23. refinance loans + +I will update new changes on this post when I get round to it, I'll also keep it up to date on my (shameless self promotion) blog for those that may be interested. + +https://www.bemoneysm.art/posts/ultimate-guide-to-cut-back-your-bills + +Mods please let me know if you want me to remove the link. +Hi All I have been sent here by personal finance who advised i may be able to get more advice here on the UK forum. + +I'm at a loss on what to do. Me 25 UK going through UNI (COMP SCI) has left his job last month due to University making it nearly impossible to hold down a full-time job, Due to circumstances not in my control my Dad 86 has caught coronavirus. Doctors are saying it's not looking hopeful... I have spoken with him and we have both said our goodbyes as this may be the last time I am able to speak with him. + +The situation I and GF (who has lost her job due to COVID) was planning on moving back in with my parents however due to situation this is now impossible. In addition, my mum does not work and was relying on my dad for income she is now unable to pay the rent. + +I am honestly stuck and have no idea what we can do or apply for with my world crashing down around me especially with the heartache I feel from losing my dad. I'm coming on Reddit to ask advice on what to do in this situation. We are currently in an AIRBNB which only lasts until Sunday and will be Homeless coming Sunday. + +I have £1000 left in my bank account and with no job and no finances, I'm really worried about our future and my ability to look after my mum. + +Edit: (as I realized posting this may not reach all of you) sorry I am new to Reddit. + +Wow, + +Guys, honestly I just came back to Reddit and saw all of your posts. I will go through every single one apologies if I cannot respond to all of them but your overwhelming support has helped me realize there is hope. + +An Update from my situation: I have sent my CV around to various I.T Support roles and will take your advice on entering a help desk position. I will also take a look into UpWork as I can create websites and do other things with the knowledge from my ongoing COMP SCI degree. + +Regarding housing, for my mum, my dad had some hidden funds that will be able to cover her rent for 4-5 months. She has a house back in the Phillippines (which I did not know about) so I am trying to convince her to move back but as my mum but at the moment it is hard to get through to her which I understand as it's a highly stressful time. + +I and my GF have found temporary accommodation with a friend for short term which will help us get back on our feet. + +My Dad is making a hopeful small recovery and is now eating and drinking a little. But with your advice and words, I feel prepared mentally and have the tools I need in-case he does pass... + +Thank you all so much, words cannot express the emotions I feel reading your comments. I am glad to have posted here from the bottom of my heart I owe you all. + +I wish all of you good fortune and a safe 2021. +Breakeven inflation rates are falling off a literal cliff back down to our usual and persistent low inflationary environment. If we assume that this and next year will average ~6% annualized inflation, then by 2025, we could theoretically face lower inflation than 2018. This is a sudden return to normalcy. Some might say optimistic, and I might agree, but these are big money moves not to be taken lightly. + +As a quick background, bonds are priced by actual trades placed by entities managing hundreds of billions or more. This is not the doing of retail or hedge funds. It's entire sovereigns, governments, pension plans, etc. They're not out to 'get' you by tricking retail investors. +Why do you invest? Is it simply to make money? + +Or is it something more? + +For me, as I grow older, I grow tired of things that used to entertain me like games and watching TV, since there are fewer things new under the sun. + +But as for stocks, researching and buying a stock keeps me intellectually stimulated, gives me a sense of having a greater control over my life, and yet at the same time there is enough randomness and unpredictability to it that I get a slight gambler's high watching the number go up and down. + +What keeps you in the game? Is it just for early retirement or that yacht? Or is there something more? +The due diligence. The moderation. The no-nonsense and zero humoring of grifters and shills. It's almost awe-inspiring by comparison. This sub is run like a finely tuned machine. It's impressive really. I only hold a meagre position in the gamerstonk, and seldomly posted here due to just browsing. + +I plan on changing both of them things starting tomorrow. +I posted here about 3 months ago when I was struggling after being made redundant from my work. + +Thank you very much to the people who shared their redundancy stories. It really helped me feel less alone and see the light at the end of the tunnel. + +Good news! I’ve started a new role. I’m 2 months in now. + +The redundancy has changed how I think about work. It’s left me slightly jaded but I feel like I’m seeing things for how they truly are. + +It was a hard lesson to learn but ultimately I learnt that your boss, executives and HR (and even some of your colleagues) don’t really care about you. They’re not your friends. You’re just there to fill a role within a business. You are replaceable and you’re not special (I say this in Anna Delvey’s voice). + +It sounds harsh but it’s helped me accept that my loved ones and my mental health are so much more important than anything else. No job is worth your mental health. A job is just a job. No job is truly permanent. HR and leadership are invested in the best interests of the company and not you. + +Peace out ✌️ +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! + +This is part question, part rant and part baffled buffoon, so just keep that in mind. + +I just read the post of someone in Sydney on 85k contemplating moving to SEA due to 85k not being enough to move out of home, but this isnt exactly a new topic here, can't move out because of X or Y, can never buy property etc. + +My experience is a little different, and the above mentioned post rings true since 85k is exactly what I've made this last financial year, and is in the ballpark of what i've made over the last 5, my partner also made 27k, but a few mitigating factors I think make up for that are that I have 3, soon to be 4 children next month, and pay child support for two of them at $800ish a month (absolutely no bitch there, its needed, get over that if you think different), my partner and I live in semi rural VIC about 90 minutes from Melbourne's CBD, we have two houses, a rental and our PPOR, we had nothing 5 years ago, we went from collectively being 120k in total debt (including super) to in the green on net worth by a few hundred grand now, the big reason I see for that is living within our means and both of us being willing to travel for work, live in a cheap area and travel to where the money is. + +But what exactly is keeping people in area's that have massive cost of living? is it connivance since they're not willing to commute? is it the comfort of knowing that mum and dad's place is a safe haven, and not being willing to downgrade in the living conditions and commute to start they're own thing? + +If you are in a situation where you feel trapped because of house prices, why? why is moving further away and traveling in for work not an option for you? what is stopping you from working further from a major city centre, for Melbourne, think Pakenham, Dandenong etc, a good hour from the CBD in normal peak hour, and living another hour out from that? even if it means income is less, cost of living is down massively in that case, and most industries still have business in suburbs that far out. +Hello everyone, + +Hope you are staying safe. + +I was just wondering what everyone thinks about Bank Australia. +At the moment I have an everyday account with CommBank and really happy with the app and website, but I was looking for a bank making a positive impact and found Bank Australia. + + +So, firstly is their whole "Responsible Banking" genuine? +And how would you rate their app/website compared to Commbank? +Hi all. + +So everyone, including my older extended family members of mine have been encouraging me to move out. I have an immigrant mom who is just another level insane, similar to a lot of the moms described in /r/asianparentsstories. A few examples is she won't let me see a gynocologist, get my wisdom teeth removed, she herself refuses to get boosted and barely got the vaccine by getting J&J, cries when she doesn't get her way, and during really awful situations when she hears sometime she doesn't want to hear, will cry and ask me or my dad to kill her lol (a lot of south asian moms are like this). I am also not allowed to date people who aren't indian. She also gives the silent treatment a lot which is the worst, not to mention she is a hoarder and even my neighbors have expressed concerns. I have a decent relationship with my dad but he just chooses to tolerate my mom and stays silent. + +I just graduted from uni this past June. I was going to apply to grad school my senior year but was too busy helping my parents find jobs after they both lost their jobs as a result of the pandemic. I graduated with a dual degree in poli sci:ir and global health. I had a very difficult time getting a job and just got one this month. I probabaly applied to around 120 jobs and only heard back from 2. I knew what I was getting myself into when I decided to not major in a STEM but I am very passionate about my line of work and feel like in the longrun I will be pretty succesful in it, so long as I keep up with my network, work hard, pursue more school, get more experience. I am now working for a non profit focused on global health. + +I did do a really stupid thing of not negotiating my salary. I was so over the job hunting process I just said yes to it when I got my verabl offer. I \*deeply\* regret this and know I let my fear get to me. While I've lived in a low income household pretty much my whole life in So Cal, I know moving to a city like DC or Boston is extremely unrealistic with 45k. At the same time, I don't own a car and feel like a city with public transportation is my best bet. + +I am applying to grad schools at the moment but think I will defer for a year, should I get into my top program since I do like the work I am doing at my current job. I only will attend grad school if I get sig financialaid or if I am allowed to TA and makeup for the tuition fees. I would like to have an MPP. + +If I did move, I do plan on having roomates and would honestly be very alright with also splitting a room with someone. I just feel like it is very rare to find people my age who are looking to share a room. I did share rooms with my roomates in college, and honesty had such a good experince and felt like I was saving a lot of money. + +I also don't want to be in a situation where I have to move back home, that is my worst fear. I'd rather save up for a year and fight it off and then leave knowing I never have to look back. I honestly just don't know what to do. I have an emergency fund of $5,000. Any inisght would be greatly appreicated. + +Edit: Seeing so many kind and genuine responses from all of you! Will try my best to respond to you all by the end of the day! +I currently work within a fortune 100 company’s Computer Security Incident Response Team as a security analyst. + +As more and more newbies jump in the field, I wanted to share some security tips outside the typical “not your keys, not your wallet” type security as there’s other ways to be hit + +1.) [haveibeenpwned.com](https://haveibeenpwned.com/) enter your email and see what data breaches your email(s) have been apart of. I recently helped a fellow reddit user who said his account was hacked, turns out he was part of a breach where a crypto site was hacked and his password was exposed, he reused this password on another crypto site that the attacker crossed referenced with his email / pass from the other site and didn’t have 2FA activated. + +With that don’t reuse passwords, and use auto generated passwords / store them in a encrypted password manager (I use [KeePass](https://keepass.info/)) + +2.) Every single program/software is essentially a attack vector, keep your OS updated, keep your software updated, and uninstall ANY thing you don’t use anymore. Just look up the SolarWinds hack and see how supply chain attacks work. + +3.) Don’t download random stuff from this site or any other. If you want to, check the hash of the software. This can be done using “Certutil -hashfile ‘filename’ sha256” in the windows cmd (Linux you can use “sha256sum ‘filename’”) you can then enter the hash into [VirusTotal.com](https://www.virustotal.com/gui/home/search) to see if it comes back malicious. + +4.) Keeping your seed phrase safe, I personally store it in a KeePass database file (encrypted) then put that file on 2 USB drives and store it in 2 different secure locations. + +5.) typical advice: Don’t engage reddit messages, don’t disclose your portfolio, cold wallets, and activate 2FA on your reddit account to keep your moons safe. + +EDIT: + +6.) Don’t trust email links, I’ve actually worked with the owner of haveibeenpwned owned on a “breach” I found where I found over 12K emails that were entered into phishing sites, and reported it to him. Always go to the site directly through the url address (and double check it) + +7.) ALSO! Forgot one of the most important ones, chrome extensions, these can have keyloggers, take screenshots, and track you. It might not be malicious when you downloaded it, but attackers generally + update them with malicious code with those capabilities or aren’t updated at all which leads to potential unfixed vulnerabilities. Double check the ones you have installed, and remove any you don’t need. + +8.) VPN / Browser, use a vpn with a no log policy to encrypt your network traffic. I personally use ProtonVPN and it’s worth the few bucks a month for a paid version, brave also allows you to use TOR in browser. Another option is hardening Firefox to use as a browser if brave doesn’t suite your needs which a guide can be found [here](https://informinc.org/internet/how-to-harden-your-firefox-browser-for-security-and-privacy/) + +EDIT EDIT: +I’ve gotten a lot of messages regarding how to get into the Cybersecurity field and trying my best to respond to them, if there’s interest I could make a post about that at some point. + +If so please feel free to leave questions below, that you would like answered in case it doesn’t come to mind when writing it / trying my best to respond. +Some of you apes are naive as fuck. I’m seeing more and more posts praising Fox and Charles Payne (among others) for being on retail’s side. + +Make no fucking mistake, the moment GME hits $1000 a share, the same people are going to urge you to sell claiming the “squeeze has squoze.” + +It’s just safer to 100% disregard what ANY media has to say about the GME saga, be it positive or negative. + +Fuck MSM scum. Apes together strong. + +This is not financial advice. I personally buy and hodl and keep my motherfucking head low. + +Edit: Since this seems to be gaining traction. Some apes are making valid points. It really IS great that some of the HF fuckery is finally being exposed. I am NOT against that. All I’m saying is, be very careful of who you decide to trust. This is obviously way bigger than any one of us or even MSM itself. I personally trust the DD. I trust RC and I trust apes. So better safe than sorry. + +Power to the players. +Each week I’ll be picking a random ASX stock that I’ve rarely seen discussed online – and that I do NOT hold – that you voted for, for us to dive into for some Due Diligence (“DD”). + +This is for us to have a look at what it does, comb over their financials, and in the end discuss whether or not we’d buy into it. Not all of these stocks may be sexy or appealing; the whole point is to shine a light on what companies are doing out there on the ASX which never get much coverage – for good or bad. + +The main purpose being to add some more variety in coverage to the standard blue chips or meme stocks we see pumped day in and day out, and hopefully discover some hidden gems or innovative companies on the Aussie market. + +Here’s this week’s Random Stock of the Week. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Company name:** Atlas Pearls + +https://preview.redd.it/umluo8ltenl81.png?width=1493&format=png&auto=webp&s=90aae456db528f274e99f25974195e075fb2f00b + +**Ticker:** ATP + +**Industry:** Luxury Goods + +**Headquarters:** Perth, WA + +**Market cap:** \~$23m + +**Current share price:** \~$0.05 + +**1-year Performance:** \+354.55%% + +**What they do, smoothbrain version:** make the pearl necklaces your wife’s boyfriend gives to her. + +**What they say they do, wanky version:** “Atlas Pearls has an enviable reputation as a global leader in eco-pearling, specialising in the Pinctada maxima, producing beautiful and highly sought after silver and white South Sea pearls.” 🍆👋 + +**What they do, actual version:** Owners of seven pearl farms dotted throughout the Indonesian islands, **Atlas Pearls (ATP)** are a Western Australian business who are one of the world’s largest growers and sellers of premium white and silver South Sea pearls. + +Established in the 1990’s, the company specialises in raising, growing & harvesting operations for the *Pintada maxima* species of oyster, which are renowned for the size and quality of the pearls they produce. + +These oysters only grow in the nutrient-rich waters found around the Indonesian archipelago, and being saltwater pearls – which take longer to produce than their freshwater counterparts – fetch a premium price point. + +https://preview.redd.it/g2aqc4bzenl81.jpg?width=2835&format=pjpg&auto=webp&s=b84a94a8e70ca5e9865491e35cff3fe723e87923 + +ATP use a process to ‘selectively breed’ oysters in order to maximise their genetics conducive to pearl quality, then run a careful multi-year maintenance program to ensure the oysters are grown, cleaned & transported in only the most optimal conditions. + +Even despite all of this extra effort and labour, in the end of the 4-year process only around 50% of the pearls harvested will be considered of suitable “commercial” grade. + +Their operation is wholly sustainable and eco-friendly, and participates in a variety of environmental programs that help the oysters themselves contribute to the overall health of the reefs nearby. The oysters are transported to different farms at differing parts of their life stage to reduce risks of algae & environmental factors that would inhibit pearl production. + +The company is mainly a trade-focused “B2B” operation instead of a retail one, selling pearls in bulk quantities to a range of commercial partners around the world. + +This traditionally involved attending flagship in-person physical auctions and other sales events, with monthly auctions at their storefront in Bali, and other viewing events dotted throughout the year in Japan & Hong Kong where their product is highly popular. + +Atlas employs over 900 workers – many of which are part-time Indonesians who assist in manual harvesting of the pearls themselves. + +All up, it now harvests over 500,000 pearls each year, having steadily increased their pearl production consistently for the past 5 years, and with 2021 in particular a bumper year with harvest numbers clocking in at over 560,000. + +ATP has been listed on the ASX for over 25 years; its share price peaked at $0.80 wayyy back in 1996, and fluctuated steadily downward year on year thereafter. + +Factors such as unpredictable seasonality, issues with harvest sizes, declining pearl sizes & quality grades, and a lack of management’s ability to keep operational costs under control all combined for a gradual loss of faith among shareholders. + +[The grades of ATP's pearls have a strong correlation with the company's historic share price \(a.k.a - down\).](https://preview.redd.it/oyko8oq1fnl81.png?width=700&format=png&auto=webp&s=a2b1b4c14de32eb4a492658dfd8bfe3e994d51dd) + +Its stock hit all-time-lows of under 1 cent in 2019-2020, as average pearl sizes and grades hit their all-time lows and the company seemed to be a regular loss-making enterprise with no real concrete plan moving forward. + +The turnaround for ATP’s performance started in mid-2020, with a couple of contributing factors all chipping in. First, Atlas underwent a management restructure towards the tail end of 2019, and the next year a decision was made to sell off an under-producing asset. + +ATP had originally purchased a stake in perfume producer Essential Oils Tasmania in 2013, and after years of it going nowhere, sold off its holding in June 2020 for a cash injection of $1.5 million. + +Secondly, the company also made the decision to extend harvest times for their pearls to an ideal 24-month growing period for consistency of harvest quality & operations, which also coincided in an uptick in the quality and size of their pearl inventory. + +https://preview.redd.it/cbfnw5p5fnl81.png?width=910&format=png&auto=webp&s=bcdcaaa958e6a3573dee96a6bc38fa911b9ed077 + +Covid-19 had also hit by this time, and while the initial fear was that travel restrictions, lockdowns and the newly-imposed restrictions on Indonesia would have negative effects on the business, it in fact ended up having the opposite impact. + +This was largely due to Atlas deciding to close their retail stores, and focus on developing an online platform for conducting their auctions and allowing the digital sale of pearls and clearing of more inventory. + +They held 11 online auction sales throughout FY 2021, selling over 82,000 pearls online for a total direct online revenue of over $3.3 million through trade customers, enabling them to buy in bulk. + +The newfound distribution channel also would allow them to conduct more frequent online auctions throughout the year at times of their choosing, rather than being limited to only the semi-regular scheduled in-person auctions. + +https://preview.redd.it/4rjn06c7fnl81.png?width=1695&format=png&auto=webp&s=dd5fd67cb45a8c297dc072da5462557b84dc71c7 + +While it only accounted for 18% of their revenue, it was so successful the company has now committed to conducting an omnichannel approach in which auctions are conducted physically and online in parallel in order to maximise bid values & eyeballs. + +All of these improvements – along with solid cost-efficiencies implemented by updated management policies – resulted in a series of increasingly positive financial reports quarter after quarter for most of the rest of 2020 & 2021 that the share price finally gradually began to re-rate to a level more approaching the book value of the company’s assets. + +As we sit here after yet another positive report in early 2022 causing another share price spike, how does Atlas Pearls look as an investment moving forward now they’re making substantial profits? And is it sustainable? Let’s have a look at the good & bad. + +Atlas listed on the ASX in 1993, and over the past 20 years has returned -2.35% p.a. annualised (including dividends). + +**What looks good:** + +* For quite a long time, ATP has been extremely undervalued based on simple ‘pure’, basic fundamentals given its assets. Even after its recent sharp share price spikes, and even when building its current debt (around $2.5 million) into its market cap, taking basic ratios such as its Price to Earnings (\~1.6) and Price to Book (\~1) still makes it look pretty damn cheap given where it sits at time of writing. +* At its current \~$21m market cap with over $31m of total assets (!), even though there is typically a 20% discount given to what are considered “biological assets” due to their increased vulnerability, this still looks underpriced. +* ATP reported the following improvements year on year for 2021: revenue up 81%, NTA per share up 111%, EPS up 73%. This caused the share price to jump up from $0.04 to $0.05; a 25% increase… for a more than 100% increase in tangible assets. Again, an indicator of still being undervalued despite recent spikes. +* If we take the company’s figures of 82,000 pearls combining for a $3.3 million revenue figure, that equates to a price of about $40 per pearl achieved through trade partners…. +* Yet, if ATP can properly devise a way to add more retail as a viable sales channel (particularly online), where the markup for these pearls and pearl jewellery is massive (and pearls sell for hundreds of dollars apiece depending on grade), the potential for hugely increased margins is pretty tantalising. +* Their 2020 to 2021 EBITDA increase from $178,000 to $5.6 million was pretty eye-popping, and you’d hope that this is indicative of a future trend rather than a one-off. + +https://preview.redd.it/975gbddcfnl81.png?width=1320&format=png&auto=webp&s=5108ea7dead2eed7253c3307eb49db2787f1edb8 + +* They have used some of their revenue over the past year to acquire an additional sea lease in the waters of West Lembata for another farm area to add more volume & aquatic diversity to existing operations. +* Year on year, the company harvested 462,530 pearls in 2020 vs 562,872 in 2021 (a 21% increase). +* They’ve stated in their most recent update that they’re aiming to sell 75,000 pearls over the next quarter, which if maintained on an annualised basis of 300k per year, at the average price of $40 per pearl means $12m of revenue as a baseline – not accounting for any higher achieved price increases. + +https://preview.redd.it/0x55i8jefnl81.png?width=836&format=png&auto=webp&s=df4287c25a91bd43659e21392e9195797de5c536 + +* The company has continued to sensibly pay down their debt/loan with main shareholder-backed creditor Boneyard Industries instead of hinting at a dividend policy, continually making their balance sheet look less risky: + +https://preview.redd.it/oemku27ifnl81.png?width=830&format=png&auto=webp&s=44d2b9f09138418e9303f4bf9f6369a4305b1785 + +* In tail-end 2021 and now through to 2022, Covid lockdowns have been decreasing in Indonesia which should have onflow effects in terms of both accessing in-person sales events and smoother running of operations. +* They’re largely a sustainable business that’s eco-friendly in the “agricultural” (sort of) space; this prevents it from being subject to any anti-ESG sentiment tailwinds, and may in fact benefit from these if it starts to garner any eyeballs from instos moving forward. +* Since the start of their recent turnaround, the company has been doing a better job of cost control and reducing overall unnecessary capex numbers/costs, with a decrease from $2.7m to $2.1m over the previous year’s quarter, which translates to another nearly $2.5 million per year in profit just from these savings. +* Pearl quality – one of their chief drivers of profit that continually declined over the past couple of decades – looks to be on the rebound as of 2020 onward. If this can continue (or at least stabilise instead of declining), it would lead to their recent higher margins being maintained & then scale with volume accordingly. +* They reported increased average sell price for pearls of nearly 6% higher vs 2020; can this be repeated? If this was applied to 2021 resulting in a $42.4 average price per pearl, the onflow effects to revenue would be significant. +* Management/insiders still own a pretty decent proportion of the shares on issue, and will be incentivised to keep the share price growing strong: + +https://preview.redd.it/s6hdefalfnl81.png?width=855&format=png&auto=webp&s=8d7b4eb7f284d6ebe91a0699be12affbfb41c588 + +* Likewise, there has been some mild levels of on-market buying by insider owners over the past year (especially given the tiny market cap size of the company), and no insiders selling off their shares. All indications are they know the turnaround is underway, passing on a small degree confidence to retail: + +https://preview.redd.it/ksoebwfnfnl81.png?width=830&format=png&auto=webp&s=d0cd8671dd0f3c4c9fd96b27636d7a706c6e28e3 + +* Their online auction system granting more favourable margins has a multiplicative effect; if they can increase this from the 18% figure reported recently, this too will contribute strongly to the bottom line. +* The company has given strong indications that global pearl demand has been on an uptick over the past couple of years, as retail spending on luxury goods has increased. +* Subjectively, their front-facing website/storefront/brand looks quite good, and has a premium feel brand-wise. It’s all too common to come across ASX micro-caps that have shitty digital/design assets that look like they were made by a graduate in powerpoint, but there’s a degree of quality here that at least shows care and effort (which carries over to their annual report/company comms designs too). + +**What doesn’t look good:** + +* ATP as a stock experiences very low average daily trade volume. Only around a meagre few tens of grand’s worth of stock has changed hands each day on average over the past several months, and it can occasionally go days without any shares changing hands at all. +* This lack of liquidity reflects both on the lack of attention given to the stock as a whole (and likely a contributor to it being potentially undervalued), and makes it harder to get in or out: + +https://preview.redd.it/ul944qxqfnl81.png?width=585&format=png&auto=webp&s=5b3955a424661ffa9b8547e9f2d19f423ff72de4 + +* Environmental & seasonal businesses’ success can vary wildly year to year due to issues outside of management and operational control. While the company has a strong inventory at the moment, if they do increase sales levels and then an unexpected environmental effect damages a harvest, it will immediately impact their revenues on a fairly drastic level as the company will be playing “catch up” with regards to oyster/pearl supply. +* This performance turnaround has only been a recent occurrence, with years – in fact, decades – of the company being an underperformer and lacking any kind of strong track record as a business and a stock. They’ve flip-flopped between paying dividends, high and manageable debt levels, investing in outside endeavours and everything in between… do you trust that this is really a “new” version of ATP moving forward? +* While they’ve been making an effort to pay it down, debt is still a concern given the unreliability of their revenues from quarter to quarter. +* The on-market purchases by management that have taken place recently have been miniscule and aren’t exactly massive indicators of confidence; none have happened since the share price has recently run up, and those that have taken place are chump change (wow, $8k… slow down, high-roller…) in the grand scheme of things. +* It will be crucial to see whether or not the recovery in pearl size and quality is permanent, or just a temporary blip. The fact that there is literally no way for everyday investors to know or anticipate this makes it even more of a gamble than regular investing in profitable businesses that have more standard inventory/products they have more predictable control over. +* If you’re after a dividend, this will likely be a while away. ATP paid dividends at various points throughout their company history, however this doesn’t seem likely in the immediate future as paying off existing debt is likely to be the first priority. +* Even though it was from near-all-time-lows, the share price has already run hard over the past year, with a 350%+ increase. While this came on the back of strong performance, it makes you wonder how much more gains the market is willing to price in given the company’s somewhat chequered history. +* Was the spike in pearl desirability & retail spend just another side-effect of the overall beneficial conditions that Covid-19 created for some businesses? Jewellery & luxury goods companies on the ASX experienced a pretty common uptick in revenue across the board as people had nothing else to spend their savings on – we saw this reflected in other listed companies such as Michael Hill (MHJ), Lovisa (LOV), etc. in which people splurged on non-essentials that might normally go into travel/tourism, dining out, and similar money-sinks. + +**Summary:** Atlas Pearls looks like a company in which the combination of both change in management optimisations and global sentiment trends for their product – white, high-quality pearls – are colliding at just the right time. + +Retailers across the globe have indicated seeing significant upticks in pearl sales & demand since the peak of Covid-19 lockdowns initially curtailed demand, and many retail distributors reporting some of their best-ever sales results. + +[IF MANAGEMENT ARE SAYING IT, YOU KNOW IT MUST BE TRUE.](https://preview.redd.it/mdlz7x9yfnl81.png?width=425&format=png&auto=webp&s=804a951aef41a61c7745e9942f0a418d4750adbd) + +In addition, several farms that struggled through the initial portion of the pandemic have ceased production, meaning that there are potentially fewer pearls coming into the market in the next couple of years and granting further pricing power to companies like Atlas. + +Many farms in Australian waters (mostly located off the coast of Western Australia) have also been ravaged by disease, leading to further supply issues which do not affect ATP’s holdings in Indonesian seas. + +According to the most recent figures released by the Australian Bureau of Agricultural and Resource Economics and Sciences, exports of Australian pearls clocked in at just $56 million in the 2018-19 financial year, compared with $241 million 10 years prior. + +Greater macro environmental conditions could be a factor for Atlas, however. While the company takes major precautions to ensure the health of their oyster crops, impacts of global warming & the increase in C02 could throw off the delicate balance that oysters need to build their pearls. + +These unknowns aside, what is known is that ATP looks to have finally turned the corner in terms of getting the structural aspects of their business – and finances – into a sustainably profitable format moving forward. + +https://preview.redd.it/asd73rkzfnl81.png?width=600&format=png&auto=webp&s=5c1ac4a2042c925918a646c78181ed5e9029e944 + +Assuming there are no other major unforeseen external events (and who knows what to expect given the world we’ve been living in the past couple of years), then they’ve become a business where a path to consistent profits is clearly visible as long as pearl demand stays strong. + +**Conclusion:** ATP is the rare case of an ASX micro-cap where the *fundamentals* are so strong, that the *sentiment* is mostly what is holding it back – instead of vice-versa. + +Usually, companies on this end of the spectrum are hoping they’re able to come up with a business model that might be profitable years down the line, if at all, or are smaller tech that has no physical assets other than their IP to speak of. + +ATP is the exact opposite, and as a result whether or not to invest in the stock largely comes down to how much you’re willing to bet on management and the last year or two not being a total one-off miracle. + +The company’s spotty past track record is likely building in a strong price discount to the current share price, as is the fragility of their assets. However, over the end of 2021 and first half of 2022, the market seems to finally be taking notice. + +https://preview.redd.it/ows8yvx0gnl81.jpg?width=1469&format=pjpg&auto=webp&s=aa0c082e58fd9cc3317de81757f52e34775698dc + +Volumes of the stock are up; technical indicators are pointing in the right direction for the first time in years; and the stock has enough built-in asset value that even were it to continue to run up to the \~10c per share mark, it would be hard to call it ‘overvalued’. + +Even allowing it a maximum P/E ratio of \~5 to price in some risk could see around the \~20c mark being “fair value” for ATP. + +As a result, I'm personally strongly interested in this stock, even if I do wish I had followed my gut and gotten in earlier when I first looked at this around the \~3c per share mark. + +This is especially true in a position heading further into 2022 in which value investing & fundamentals are starting to come back to the forefront. + +It’s the same principal that made stocks such as iron ore producer Grange Resources (GRR) such a strong performer recently; the value proposition is so strong, it is almost bound to eventually shift sentiment, at least until the share price shifts back to a more neutrally-valued level. + +Depending how frisky I’m feeling, I may just join the Good Ship ATP and consider investing in some shares in the coming months 🦪🦪🦪. Just don’t fuck things up please, management. + +**Link to web version:** [https://ausinvestors.com/atp-stock-of-the-week/](https://ausinvestors.com/atp-stock-of-the-week/) + +**Vote for next week's Random Stonk of the Week:** [https://ausinvestors.com/poll](https://ausinvestors.com/poll) + +**Links to previous Stonks of the Week:** [https://ausinvestors.com/category/random-stock-of-the-week/](https://ausinvestors.com/category/random-stock-of-the-week/) + +**Company website:** [https://www.atlaspearls.com.au/](https://www.atlaspearls.com.au/) + +**MarketIndex page:** [https://www.marketindex.com.au/asx/atp](https://www.marketindex.com.au/asx/atp) + +Feel free to add your own opinions on ATP in the comments below. + +**Would you buy this stock? Why or why not? Feel free to vote in the poll.** + +[View Poll](https://www.reddit.com/poll/t7lpwz) +I have called the last 6 serious dips. Just look at my post history.Below I have listed each time. Do you know how I call these. It is so easy as you just have to see the FUD and how thick it gets. Same characters are always involved China, WSJ, CNBC and a army of new posters that spread some serious FUD on both reddit and bitcoin talk. Most posters are new and less than 1 month history on reddit, but they come in droves. + +Here it is for the newbies once again and you need to hammer this in your brain. THERE IS NOT ENOUGH BITCOIN SUPPLY. 16.5 million outstanding and 4-5 million lost through bad passwords and failed hard drives. 2.5-3 million held by the original people like Satoshi ( I am convinced it is the deceased Hal Finney), Craig Wright ect. 4-5 million coins held by Hodlers. It leaves only 5-6 million coins between 20+ major exchanges and the entire WORLD. I keep seeing all this TA, but this is not a stock. The people that sell are going to regret it again, and again. If you are in over your head and need it for bills you should have never bought this. This is when the weak hands get slaughtered. + +I just bought some more at 3915 and keeping another chunk for 3500-3600 range which not sure if it will hit. Take advantage of the FUD. + +Also I really hope China finally bans it outright. they will soon realize you can't ban a decentralized network. They should also ban mining while they are at it. This will be the best news in a long time. I really have a hard time believing China capital outflow theory. There is something else going on, and it could actually be a group of people in China are making major $$$ through the buy/ FOMO / sell / short /FUD / cover / buy. Why else would the second largest economy in the world go after something over and over for the last 4 years. Bitcoin will be so much stronger without these people just like when we split from the big blockers. + +In addition look at all the new tech headed are way. Lightning network, MAST, Schnorr Signatures, and on and on. + +Upvote me if you have conviction here !! + +Dip in late July 2016 post is on Bitcointalk + +Dip from 1150 to 775 in January off the China bans bitcoin +https://www.reddit.com/r/Bitcoin/comments/5ncue0/perfect_time_to_buy_bitcoin/ + +Dip from 1300 to 950 off the ETF +https://www.reddit.com/r/Bitcoin/comments/5ycmci/about_time_to_buy_more/ + +Dip 2100 to 1700 +https://www.reddit.com/r/Bitcoin/comments/6avtaq/sell_at_all_costs/ + +Dip from 2900 to 1800 +https://www.reddit.com/r/Bitcoin/comments/6dj5kf/for_all_the_people_getting_burned_right_now_let/ + +Dip from 4400 to 3600 +https://www.reddit.com/r/Bitcoin/comments/6v8z7q/sell_now_the_end_is_near/ +Want an audio version? Very nice Audio+Video version of post made by https://old.reddit.com/user/TheNovaeterrae -> https://old.reddit.com/r/Superstonk/comments/rcczn6/the_conjecture_about_citadel_gme/ + +******************* Post -> + +Talked to a very wrinkled investor with 43 years experience who is a multi millionaire based on Buffet style value investing + +Before that he used to turn around companies (successfully) + +PhD in Risk Management + +*************************************************************************** + +First Thing He Said -> + +Citadel Locking Funds is very sus + +Locking Funds is what banks and funds will do when they are in danger of going bankrupt + +He talked about Government take overs of banks in various countries and THE FIRST THING they do is lock up funds for 90 to 180 days so that there are no Bank Runs and the bank doesn't get bankrupted + +Customers can't withdraw. Suppliers and Vendors don't get paid. Bank/Fund has to lock up funds to ensure survival + +*************************************************************************** + +Second Thing He Said -> Citadel locking up funds and saying no more than 6.5% withdrawn in a quarter (or pay a fee) is a sign of desperation and it's a joke US is allowing it + +He started laughing when I mentioned the caveat that if you withdraw funds, Citadel will not let you invest with them again + +He thought that was a blackmail style move, made from a position of weakness + +***************************************************************************** + +ON HIS OWN, he mentioned that there are 3 Categories of Investors + +10-30-60 + +Top 10% that have invested 60% of the Funds that Citadel has under management + +Next 30% that have 30% of funds + +Final 60% only have 10% of the funds + +In normal circumstances, a Hedge Fund or a Bank will NOT CARE AT ALL about these 60% small fish, because they only account for 10% of Assets Under Management + +ON HIS OWN (without me talking about Kenny G flying around the world for the last 3 months) + +He said that you would only do lock up of funds if you had lost some of your Category A investors + +The BIG ones that are just 10% in number BUT account for 60% of funds + +You start worrying about small fish IF AND ONLY IF the Whales start leaving + +********************************************************************** + +Third Thing He Said -> + +His eyes LIT UP (literally lit up) when I told him about Kenny G flying around the world + +He said it would seem that the Category A investors are the ones Kenny G was trying to convince (flying around the world) so that the MAJOR Part of Assets under Management (60%) was secure + +********* + +That the funds lock up suggests he lost some or many of the Big WHALES + +That now he needs the little fish (even though they have just 10% of Funds) + +SURVIVAL TIME + +************************************************************* + +This also explains the interviews and Clubhouse chats + +Kenny G trying to convince the BIG GUNS that Citadel is not in trouble + +Appear Strong when you are Weak + +************************************************************* + +Really, it was a crazy EUREKA moment because everything suddenly makes sense + +World tour and Interview Tour to Convince Whales not to leave + +But some Whales still left + +Citadel in trouble because their Assets Under Management going down + +so now small fish are told their funds are locked + +*************************************************** + +He said that Kenny G would Lock up funds and entrap the smaller investors + +MOST LIKELY MEANS he has lost some of the BIG INVESTORS (the top 10% that account for 60% of Assets Under Management) + +Because if he had not lost any of the big guns, then there is no need to lock up and entrap the small fish investors + +*************************************************************************** + +From all this Superstonk's possible conclusions/possible takeaways are perhaps that + +A) Kenny G world tour was to Convince WHALES to not remove their funds from Citadel. Kenny G has been flying around the world for the last 3 to 4 months to reassure these WHALES + +B) Kenny G interview and TV tour is also to Convince WHALES that Citadel is not in trouble + +C) Some WHALES did lose confidence and withdrew funds + +This is CONJECTURE, mind you + + +D) Because of this Citadel is in DEEP TROUBLE and for the remaining small investors it has LOCKED UP THEIR FUNDS, because if they start withdrawing, then Citadel will go bankrupt + +****************************************************************************** +Spouse and I have enough to FIRE if we wanted to. I went part time last year to take care of my kids during the pandemic because my wife has a medical job. But, we're now wondering what we want to do and where we really want to live. I don't think either of us will completely give up on working until our kids are off to college because + +1. we enjoy the challenge of our careers, and +2. with young kids, quitting and living a life of travel or on a tropical island is not too realistic, and we currently get bored just sitting around at home when our kids are at school + +But after a lot of discussion we're both planning to move to part time to test the water, and full retirement is not out of the question—we want to try partial first. It seems like it would also be smart to plan for where we live to be our long term place and not move again when the kids leave for college and have to make an entirely new set of friends. + +We're in NYC right now, which costs a lot but it's also a great city. Overall cost of living would be less outside of NYC and the house would be bigger, but part of why it seems cost of living would be less would just be because the other cities are more boring: we'd have less we would want to spend out money on. I've never lived a suburban life, so maybe I'm perceiving it wrong, but I find it hard to imagine that life as fulfilling. And tax differences might not be quite as huge when income drops in full or partial retirement. + +Those of you who have retired or are considering full or partial retirement, particularly while your kids are still in school, what factors went into where you choose to live? I get the sense that a lot of people leave places like NYC to stretch their dollar further, which seems like a reasonable choice. But, I feel like we've won the game to an extent. Every calculation I've done leaves us dying with a decent chunk of money regardless of taxes and cost of living, although obviously there's still a huge difference. + +It seems like we're trying to talk ourselves into staying in NYC and continuing to spend huge amounts of money, but I'm wondering if that's a mistake. + +What factors went into your decisions about where to retire to and how did you choose between different tradeoffs? +***Posting this on behalf of fiancee, I'll gather any additional information as needed: +*** +Last year (2012-2013), my parents claimed me on their taxes even though I spent the entire calendar year living elsewhere and provided for 60% of my own expenses. We argued about it, but they basically said "too bad we already did it, we will talk about it next year". + +This year (2013-2014), I have officially moved in with my boyfriend and I graduated college. I provided for more than 95% of my own personal expenses (pretty much everything other than "hey can I borrow a few bucks til payday") and I got engaged to my boyfriend. We are not yet married. + +I anticipate them putting up a fight because I am under the impression they get more money back on their taxes because they claim me. However I'm also under the impression that I am paying too much in taxes because I'm being claimed as a dependent. Due to the fact that I am not living there, I find this unfair as I work very very hard (50+ hrs a week) for my income and I would like to retain more of it. + +The way I understand it, if I claim myself and do everything correctly, and they claim me, if the IRS were to come questioning us, I would basically say "I filed my taxes correctly and truthfully, and it isn't my responsibility to make sure other people, whether they are my parents or not, are also doing that". + +I don't wanna screw my parents over in any way but I am fairly adamant about having them not claim me anymore -- not only do I fully provide for myself, but I am getting married this year so it's not like they can claim me after this year anyways. + +Help? What do I do? How do I pose this? Should I officially change my address immediately (or does this have no bearing on tax dependent status?) Any opinion or information is appreciated. + +**EDIT: Thanks everyone. I have enough information! Have a good tax season haha.** +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/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/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your 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/EKU2tVBp9u) +Report is out boys, they snuck it through after closing. + + +Can one of you bookworms read it and tell me if I should go lambo shopping or fake my death over the weekend? + + +[Appendix 4E and Annual Report](https://www.asx.com.au/asxpdf/20200828/pdf/44m296l7n3299m.pdf) + + +[Appendix 4G and Corporate Governance Statement](https://www.asx.com.au/asxpdf/20200828/pdf/44m28hcmfwm7vb.pdf) +Greetings humans- or should I say **apes**. + +I am [SuperstonkBot](https://www.reddit.com/user/SuperstonkBot/). My sole purpose for existing is to help you submit posts *anonymously*. Yes. That is correct: *anonymously*. + +Here's how it will work: + +1. You visit the [Superstonk app](https://www.superstonk.net/) and submit your post. +2. It goes into an interface, which our DD team will review. +3. If accepted, u/SuperstonkBot will post it to r/Superstonk +4. If rejected, it will be deleted. + +The Superstonk app does not save content or log IP addresses, and several members of the mod team review posts. + +A small team of wrinkle brain apes will read submissions to make sure what is posted is following r/Superstonk rules. These apes cannot edit the posts, and can only approve or reject submissions. + +I will post again shortly, apekind. *May the tendies be with you.***\- SuperstonkBot** + +--- + +*This post was anonymously submitted via [www.superstonk.net](https://www.superstonk.net/) and reviewed by our team.* +Investors are still largely sitting on the sidelines after the market’s epic rebound, but the low returns in bonds and cash have left them with no alternatives but to embrace risk assets again, according to JPMorgan. The firm sees a nearly 50% rise in stocks over the long term due to this shift. + +“Our most holistic of our equity position metrics, which compares the size of the equity universe to the size of the bond and cash universe, implies 47% upside for equities from here assuming the implied equity allocation of non-bank investors globally rises from 40% currently to the post Lehman period high of 49%,”  Nikolaos Panigirtzoglou, a managing director at JPMorgan, said in a note on Friday. + +https://www.cnbc.com/2020/06/12/jpmorgan-says-stocks-will-climb-nearly-50percent-as-investors-flee-low-returns-in-bonds-and-cash.html +https://www.bloomberg.com/news/articles/2020-06-04/u-s-jobless-claims-understate-reality-with-gaps-in-federal-data + +"The U.S. Labor Department’s weekly jobless claims report has yet to reflect at least half a million filings for a federal pandemic program, with data reporting lagging behind payouts. + +Florida, Alabama, Arizona, Hawaii and West Virginia are among 18 states that showed zero initial claims under pandemic unemployment assistance, or PUA, in the Labor Department’s weekly report last Thursday. But the same states have actually received at least half a million in combined claims through the program -- established by the CARES Act -- which is aimed at helping those typically not eligible for regular state benefits, including the self-employed and gig workers. + +The gulf between the Labor Department’s data and state numbers -- compiled by Bloomberg News through state press releases, comments by officials and related data -- indicates the labor-market hit from the coronavirus may be more widespread than thought. While it doesn’t significantly alter the overall picture of mass unemployment as tens of millions of Americans have filed for benefits since mid-March, the undercounting further complicates closely watched data already beset by other errors and distortions." +With all the people working from home and trying their luck in the market, now it feels like the valuation is way past the actual value of the companies by looking at the ground realities, so when this'll end, some traders would be holding the biggest shitpile ever seen and it's coming soon, so when do you guys think we'll see the day of reckoning? +https://www.business-standard.com/article/companies/mfs-receive-interest-payout-from-vodafone-ahead-of-sc-hearing-over-agr-dues-120061301272_1.html + +From the article + +"Interest payment was received from Vodafone Idea for 8.25 per cent on June 12, 2020. This amount shall be distributed to the investors in proportion to their holdings in the plans of the segregated portfolio," a spokesperson for FT MF said." +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. +[ Wazzzzzzuppppppp](https://preview.redd.it/zb98vcfp1ar71.jpg?width=1427&format=pjpg&auto=webp&s=e9cbc01d0f68bf68fcd09d391bc82397b0a5f773) + +# NEW Rule 9 - Portfolios and Positions + +* Full positions can be posted if they are directly registered in your name. Any positions from “street name” brokerages will be removed. +* Buy orders (including through brokerages such as Fidelity and TDA) can be posted. (If using a brokerage, do NOT show your full position or account number) +* Do not post screenshots or details of your gains or losses. (ie. Exited positions displaying gains or losses from sale) These posts will be removed indiscriminately. + +# Explanation + +We want to make it clear up front. EVERY. SINGLE. APE. BELONGS. IN. THIS. FIGHT. We stand tall, side by side--it doesn’t matter how many shares you have, you are my brother, my sister, my friend, my neighbor. For the past two weeks, we incessantly debated the best course of action to take because this stance is such a big change from our previous “NO POSITIONS.” At the end of the day, the mods have seen a very positive reaction from Apes regarding the posting of positions. I know for me, it REALLY GETS ME FUCKING JACKED because I know that each one of these buys is chipping away at the old regime of the hedge funds and banks and brokerages fucking the hard working people who are the backbone of the world. Fuck you, Kenny, it’s MY share, and I want it NOW. So I’M gonna register it in MY name. No IOU, no FTD, no phantom share, no FAKE ASS BULLSHIT THAT YOU’RE TRYING TO FORCE FEED US. We have had ENOUGH. And AH! I’m jacked! JACKED to the TEETS! + +[I'm bouta go Super Saiyan 69 ayyyy](https://i.redd.it/oud4hqys1ar71.gif) + +As always, DYODD (do your own due diligence) when you see a big position/buy order. Always take these positions with a grain of salt. Your value and worth as an Ape is not dependent on how many shares you have; it’s dependent on what you bring to the community. Do you contribute DD? Are you a MemeLord? Do you spread news and information? Do you read and upvote/downvote posts? Have you been on the ground to give us a visual? SIZE DOESN’T MATTER \[in this case 😉\]! We’ve all done our part and THAT’S what matters. + +https://preview.redd.it/7cbsjnru1ar71.jpg?width=1000&format=pjpg&auto=webp&s=6278e5ee35f233a3f5384c4aa156a201b91783b8 + +If anyone is caught belittling another Ape because of position size, they will be banned accordingly. True Apes won’t even MENTION their position size when trying to explain a thesis because it DOESN’T MATTER. You should judge an ape on the merit and content of their post/comment, not the size of their account. We all come from different socioeconomic backgrounds so our capacity to buy shares are totally different. If you have more shares, it doesn’t necessarily mean you’re more invested. This whole thing has become about so much more than money. It’s about equality, it’s about fairness, it’s about getting to play at the same tables as Big Money. Remember, Apes Together Strong. We take that very seriously. + +https://preview.redd.it/aycq943w1ar71.jpg?width=500&format=pjpg&auto=webp&s=e461e735867e990accb8a651175e99eba2a7026a + +Because of this, the mods will NOT be verifying any of the positions because it puts a lot of undue stress on us as a team. We have seen time and time again that the Apes know how to spot FUD and we trust the community to self-govern in regards to the positions posts and buys. Keep in mind that these types of posts are to serve as HYPE for the community so don’t turn it into something it’s not. Also we want to reiterate, if you are caught faking a post, you will be banned accordingly. + +We hope this clears up the confusion you’ve had regarding this rule and our current stance as a moderator team. If you have any questions, we’ll try our best to answer them but please bear with us while we grow and adapt to the changing tides of time. + +**FLAIR REMINDER:** + +>💻 ComputerShared 🦍 + +If you wish to get the above flair, please comment the following code in any Superstonk post (all lowercase letters will also work): + +!DRS! + +# MOD REQUEST TO THE COMMUNITY + +We are looking to streamline the current Pinned Post system and make it easier for new apes to digest information. The Mods are requesting that the community put together a GameStop for Newbies and Smoothbrains post. It should be TLDR of the GME thesis and Computershare thesis. It should also include stuff like an Ape glossary of commonly used terms/acronyms, general social guidelines for posting/commenting on the subreddit, explain karma requirements, and basically anything else that you guys think a new Ape would benefit from knowing. You don’t need to reach out and ask our permission for this. If you can put one together, just post it and if it gets enough traction, we’ll work with you to refine and broadcast it for the community. + +# LAST NOTES + +Reminders because we are still having issues: + +https://preview.redd.it/tpvl3cmy1ar71.png?width=482&format=png&auto=webp&s=99fbffea8731870fd7865e59c544de35421568c6 + +[you will be banned if you do that here](https://preview.redd.it/49moeabz1ar71.jpg?width=800&format=pjpg&auto=webp&s=821eb65a974989bee38676fccfb170b2571ae0d0) + +[ A lot of good, innocent people are gonna be hurt during this. Be respectful. Don't fucking dance. ](https://i.redd.it/tma3ehlkgar71.gif) + +# Thank you and have a lovely week! + +# --XOXO the Superstonk Moderators 🦍💎✋🚀🌕🐳🚽🦙🐸🍦 +In the spirit of the season (to those of you not celebrating Christmas— +Happy holidays to you as well!), I thought it might be fun to discuss ways in which you show or have received affection from your loved ones. + +Sentimental gifts, useful everyday items, experiences and trips— what stands out? +So if Cap Gains go up and the tax starts in 2022 (not retroactive). What asset classes do people think will be impacted. Real Estate, Stocks, Crypto etc. + +I assume some people will sell to avoid the higher 2022 rates. But when they sell there is a good chance capital will be reinvested. So with reallocation it seems possible some asset classes could benefit. + +Off the cuff I would think that assets that have seen decent appreciation will be sold off since there are more cap gains located in those. + +Also why its relevant to fatfire. People that are fatfire are more likely to impacted by the newer cap gains (they only impact income over 1 million). And so not only do FATfire people need to think about selling assets (to avoid high cap gains). But thinkabout what everyone else is going to do impacts when and if to sell. + +Also I know some people think they just need to wait 4 or 8 years for rates to be lower. First off not everyone thinks this. So even if you do it doesn't mean other people won't sell. + +And additionally, a party would generally need control of all 3 (Pres, House, Senate) to lower rates. And historically, when max cap gain rates went up in the 1930s/1940s then didn't go back down to a comparable level until early 2000s. + +Also I know some people don't think someone should think about things that have not happened. But in my view many business/investing decisions are based on trying to weigh the percentage chance of different future outcomes. +Today, we hit a milestone and surpassed a 250k net worth. I'm in a bit of disbelief but I'm also extremely grateful. This community has changed our life and helped us realize that we can achieve FI. We have a ways to go before we reach our FI goal of 2 -3million but we've shown ourselves that we can get there through intentionality and discipline. + +I just want to encourage any young individuals/couples out there that this can be accomplished. My partner and I both work, and we split watching our child throughout the work week. (I love being able to stay home and be with our child. This is time I will forever cherish.) We are both 24 y/o and my partner works 3 days a week and I work nights/weekends. My Partner started working in her field (Video editing) out of high school and I started my business while in high school. I continue to run the business that I started in high school and this is how we got to this point. I also finished college and graduated with 65k in student loans. (Private college, don't regret the decision to attend, and also get angry sometimes at how much it cost.) \*end rant + +Side note: My parents co-borrowed with me on my first mortgage to bump me up into the range I needed to purchase my first home. This occurred at 19 y/o and the agreement was to refinance after 1 year to get them off of the loan. This went as planned and my parents generosity aided in us getting to this point. Again, grateful for their example and for their help with this specifically. + +&#x200B; + +**Income:** + +2013 - $8k + +2014 - $41K + +2015 - $55k + +2016 - $110k + +2017 - $128k + +2018 - $133k + +2019 - $150k + +&#x200B; + +**Net Worth Breakdown:** + +$75K - Primary Home Equity + +$75K - Rental Home #1 Equity + +$15K - Rental Home #2 Equity (50% ownership) + +$43k - Roth IRA + +$12K - 401(k) + +$30k - Safety Net + +=$250k + +&#x200B; + +**Timeline of how we got here:** + +**16 y/o:** My parents told me they would not be paying for my college education but they wanted me to attend a university and get a degree. I never expected my parents to pay for my education but this conversation challenged me to really think about my future. I chose to enroll in an early college option offered in our state for my Junior and Senior year of high school and I graduated with 59 paid-for college credits. + +This is also the year I started a business that would end up being my full-time career path. I'm indebted to my parents for their hard work giving me the opportunity to pursue an education AND for them supporting me as a young person with an entrepreneurial venture. They both grew up in poverty, worked their way out, and again set an unbelievable example for us to follow. + +**18 y/o:** Go to college, continue small business and begin to realize I am obnoxiously throwing away money. Start to follow Dave Ramsey and begin the "baby steps." Meet partner and begin to talk about the future. This was pivotal in our relationship developing with financial responsibilities in mind. Max Roth IRA and begin saving. + +**19 y/o:** Change schools and buy first home. I lived here with 3 roommates who paid the mortgage until we got married. (Parents co-borrowed to help this purchase occur) + +**21 y/o:** Got married and begin aggressively paying off student loans/car(s). + +**22 y/o**: Paid off car(s), and student loans. 13 months of working extra jobs, selling stuff etc. Found out we were pregnant, and decided to move to a home that was better suited to raise a family. First home becomes a rental and we invested in a second rental property with a 50% stake. (Read The Millionaire Next Door, Rich Dad Poor Dad and listened to Dave Ramsey's podcast all the time.) + +**23 y/o:** Became a family of 3, discovered FI/RE and decided this is the direction we wanted to pursue. We really reeled in our budget, began aggressively saving and chose to live on less than what we made. + +**24 y/o:** Hit a 250K net worth with rental properties and savings. We have a long way to go and the market could change. Encouraged to pursue another year of saving and work towards FI. + +&#x200B; + +I definitely understand that we have a lot of NW in equity and that this could change if the bottom fell out. Also, I have to give credit to my partner. Without her onboard, none of this would have been possible and without this community we wouldn't have pursued this. Cheers to 2020. +# Here's how the PUMP-N-BURN concept works: + +[Visual of the Pump ´n´ Burn mechanic.](https://imgur.com/a/6swubWX) + +# The PUMP-N-BURN strategy in detail + +&#x200B; + +1. **We formed a company: Useless Crypto, LLC.** +Registered in the USA, all six core team members identified on [https://uselesstoken.org](https://uselesstoken.org/). +2. **This company develops various products.** For example: + 1. USELESS Merchandise ([https://useless-crypto.myshopify.com](https://useless-crypto.myshopify.com/)) + 2. A user-friendly (!) chart app + 3. A whale tracker app + 4. And some not yet fully-developed concepts. +*By the way, we're looking for a mobile UX designer or two to help with the implementation. If you know someone, get in touch in our discord.* +We monetize all projects and roll a profit. +3. **And this is where the token $USELESS comes into play and where the magic happens:** +The company uses these profits to buy $USELESS which means: new capital comes into the market – +📈 ***PUMP*** **📈** +However, the company does not keep these $USELESS, but burn them immediately: +🔥🔥 ***BURN*** **🔥🔥** + +**PUMP-N-BURN** + +This makes $USELESS the world's first serious *hyper*\-hyper deflationary token. Buybacks are from external BNB, not recycled from internal BNB -- like so many other tokens! + +So, some more quick facts: + +**🤝** **We are part of the new “DeFi Alliance”** +Created by ex-SafeMoon core team member Ragnar, which also includes notable projects such as: + +* Gallant Token +* PiggyBankToken +* The Collective Coin + +**🐳** **95 % friendly whales** +29 of the top 30 holders came forward and have agreed to support the project + +**🧮** **Tokenomics – because why the hell not?!** +4 % is added to LP, 4 % is distributed to the holders (incl. burn wallet) + +# Useless links: + +**✅** [**Contract**](https://bscscan.com/token/0x2cd2664ce5639e46c6a3125257361e01d0213657) + +**✅** [**Contract owned by multi-signature safe**](https://www.bscscan.com/tx/0x07f99ae8172db58ed667f40957f8ba654fa058ae242d37aedcaeb1cd3ec83da1) + +**✅** [**Chart**](https://charts.bogged.finance/?token=0x2cd2664Ce5639e46c6a3125257361e01d0213657) + +**✅** [**Discord**](https://discord.gg/KJf8kH6W) + +**✅** [**Telegram**](https://t.me/uselesscommunity) + +**✅** [**Reddit**](https://www.reddit.com/r/UselessCrypto/) + +**✅** [**Twitter**](https://twitter.com/uselesstokenorg) + +**✅** [**Instagram**](https://www.instagram.com/uselesscrypto/) + +**✅** [**Facebook**](https://www.facebook.com/uselesscrypto) +For background, I'm from a family where we would genuinely count ourselves lucky to have a retail or cleaning job - I've had both and was very proud of them. None of my siblings have ever had a job and my parents became unemployed around the 90s, so I never saw them work. I am constantly extremely anxious about money and savings and terrified of somehow losing it or finding out there's a massive loan I have to pay that I don't know about. Nobody at my current job seems to have this relationship with cash and I don't understand it. +Hey :) + +I need some general advice and perhaps some positive feedback. + +I just got clean from heroin as of 8 months ago after a 5 year addiction to opiates. + +So, I've been living BARELY scraping by for the last 5 years. Before that, I was making $100k/yr doing freelance work. + +I never had to make a budget, as I always just spent money how I wanted and then worked when my bank got low. + +Now, after being pretty much being broke for years, I just got a really FUN job making around $70k a year. + +I have NO financial commitments, but I am $2500 in debt according to my last credit check... no vehicle, poor credit. I'm crashing with some friends right now so my expenses are pretty low. + +Anyway, I used to be addicted to the 6 figure lifestyle being able to do pretty much whatever I wanted. Then, I was humbled from my experience with addiction. + +I want to make sure that I can "handle" and manage this money properly, and not end up wasting it by doing stupid stuff. To do that, I want to make a very specific budget. What's my move? Keep in mind that I am going to want to use $1k a month for rebuilding my business while I have a steady paycheck from this job. + +I need to get a car, repair my credit, put ~$1k/mo towards my biz, have enough money to pay rent and live comfortably... and have some money to put towards hobbies like my audio production setup (this is the type of stuff that keeps me off drugs.). + +Any initial thoughts? I would really appreciate the help! I want to make sure that "THIS TIME" I can get my life back together for GOOD. :) +Hey guys + +Just going to be honest here, WfH beats working in the office by a mile. Better concentration, more free time and more savings. + +However, once social restrictions become lifted (probably in July), do you think WfH will continue? If so, do you think it will continue (i) M-F until a vaccine is found, (ii) on a rotating roster basis so that social distancing can be complied with or (iii) it will just be like the good old days. + +Surely, once businesses realise people are much more productive and they can save on that precious real estate space, they'll be more willing to let us WfH more? In the alternate, do you think companies are worried we are bludging and can't wait for us to be back again? +My wife and I have eclipsed our $2.5mm investment goal and now stand at $3.5mm invested. Our spend would be about 2.5% of our nest-egg at this point. This does not include the value of my $27k per year non-COLA pension which will kick in at age 65 (that's 17 years from now, God willing). + +By any discernible measure, we could spend our days doing whatever we wish, which was the motivation for FI in the first place. Yet, our respective grinds continue. Neither of us are particularly enamored with our work but are highly competent and thus paid well. + +We ratcheted down our lifestyle a while back "to hasten FI" ... which flat out sucked. So, we ratcheted up our lifestyle again ... which has been great and a return to normalcy for us. And, 2.5% SWR is where we presently stand, even after re-inflating our lifestyle. + +I am beginning to wonder if I, specifically, have some mental hurdle that I will never clear. I daydream about hiking national parks, reading, oil painting, learning a new instrument or volunteering my time for financial literacy causes. Instead, I find myself making (SUPER) dull drives across the Midwest, making sales calls and staying in Marriott Courtyards. The corporate minions are pleased but, more and more, I am not. It is as though I am experiencing an inverse relationship between our net worth and my job satisfaction and, in turn, my general happiness. + +To change things up with work, I recently moved to a sexier division (more attractive technology) and this does not seem to be hitting the mark either. It is the same game with a different widget and a bigger paycheck. It is exceedingly difficult to stay motivated when we have already won the game. + +If anyone has been in a similar situation then I am all ears. How did you get off of the hamster wheel? + I do not believe I will ever fully retire but why I keep the golden handcuffs firmly attached in a high-stress field is officially beyond me at this point. +In the book, "What Works On Wall Street" by Jim O'Shaughnessy it was found that a P/S Ratio of less than one led to strong subsequent share price performance. In contrast, a P/S Ratio above one indicated the stock was expensive based solely on that ratio. + +For anyone new to investing, I've created an animation explaining what the P/S Ratio is, how it's calculated and how investors use it. + +I hope you like the video and as usual please let me know your feedback! I've been extremely appreciative of everyone in this community showing support for these videos and can't thank you enough for the kind words! + +[https://youtu.be/9E6a74vuifg](https://youtu.be/9E6a74vuifg) +Another surprising big move by BRK lately. Makes me wonder how much is coming from Buffett vs. the guys under him. + +They had a huge jump in earnings lately, is that sustainable? +Dropped 40% plus today on bad guidance and revenue miss. + +But still the main valuation factor, iGaming seems to be doing well. + +Plus most analysts seem to point at higher valuations? + +Thoughts.from you guys? + +Not to mention, this is one of the cheaper fintech play. +I’ve noticed the small caps are not talked about as much on this subreddit. What are some good small cap value stocks that you are interested in for the long term? +Hi, I wanted to ask you for an advice. Thanks to my bad financial habits and investments I now have a debt of almost 26 000 euro, while my monthly salary is only about 1200 euros. I know that there is no quick route to pay for the debt this big but I just wanted to know, what would be the best way to have healthy finances and be able to pay off the debt more easily. Some info about me: +Im from Czechia and in 24 years old. +Thanks for any advice! :-) +[House voting on bill to impose price controls on gasoline. This happened during the 1970’s stagflation and it looks like we’re trying it again.](https://finance.yahoo.com/news/ban-excessive-gasoline-prices-heading-160811013.html) + +This will have a material impact on oil companies and the U.S. economy. It could lead to a shortage of gasoline. +So my (24F) mum recently sold her home and was unable to get a loan for another home due to bad credit (I think) and is now considering getting a loan under my name. I do not live at the home (I live at my dads). She doesn’t work but has owned a home for 20+ years. She has a deposit of a little over 100K to give as much as I want to help before it goes to zero I am concerned about this damaging my name down the road. + +What are the benefits/risks of doing this for me and what should I be wary of? I do of course intend to buy my own home in future. I have 5 siblings and the home was initially meant to be passed down to us all one day. +No. Really. Start there. The Intelligent Investor is a great place to start *when you already know what Benjamin Graham is trying to do in his own words and on his own terms*, Buffett's letters are an amazing read *when you already know why his methods have worked for him*, but start with The Economist's Guide To series. Their Guide To Analyzing Companies and Guide To Financial Markets are incredible resources. They have so much information to give and it's a disservice that nobody else mentions them on this sub. +Been living in China 6 years. China doesn't have a legitimate stock market because of widespread government interference and corruption. The real estate scene is a huge bubble, propped up by the government. There is a limit on the number of houses one can buy (you can't buy land). So Chinese want to invest outside China, but the government will not allow you to send money abroad to invest. SWIFT transfers, whatever....not allowed for investment purposes. So Crypto presented a loophole for moving money out, and it was banned for that reason. + +In summary- Crypto = financial freedom. CCP no like financial freedom. CCP ban crypto. Simple. Nothing to do with the digital yuan. +The FAQ on Carbon Pricing says: + +>Here's a simple example: If your grocery store increases the price of meat by $1, you will be incented to substitute, for instance buying avocados instead. If the store then gives $1 cash back to all of its customers, you would still be incented to buy avocados and keep the extra $1, but you would be no worse off if you decide to buy meat. + +Is this because the value of meat I'm getting per dollar has fallen while the value per dollar of avocados has stayed the same, therefore I will substitute away from meat towards avocados? Or is there a simpler or different explanation? I'm trying to understand why a rebate that compensates for the loss of spending power wouldn't negate the effect of a carbon tax. + +Thank you. +Let's be real here, there is no way in h\*ll that the bank of Canada would let our country end up like Venezuela. If it needs to jack up rates like crazy, it will be a heavy pill to swallow but it will be done. + +In the meantime however, while the central bank is in the process of monetary tightening, say there is a recession due to everything being so expensive. + +People simply cannot afford it anymore and there is a pullback in consumption. Less consumption = less profits for companies = layoffs = higher unemployment = recession. + +In ordinary circumstances, the central bank lowers rates and turns on the printing machine. + +We, however, are not in normal circumstances and are instead in a high inflation environment. + +In such a scenario, the central bank will have no tools to fight the recession, they can't lower rates when we are already struggling with high inflation. + +Is deflation, hyper-deflation, and a great depression the real concern here now? +I'll preface this by saying that I generally prefer having nice experiences to saving every single penny I can. + +Having said that, things had gotten rather bad towards the end of last year/ beginning of this year. Not sure why, I think I just did more of the same thing (buying meal deal lunches instead of cooking because lazy, travelling to see friends, going out, going to events), without having more of an income, so it all started adding up and I was soon living in my overdraft (granted, my partner was out of a job for a few of months so I lent him some money too in this period). To give you an idea, the day before payday I was usually £20-£30 away from maximising my overdraft. + +But I am rather proud of myself; for my March payday I was £920 in red, and now I have £5k in savings (while also clearing ~£400 of debt I only just found out about). It's not a huge amount, but seeing as my salary increased to £24k only just last month, I'd say I've still done OK at saving up over lockdown (my partner is employed again and he has started paying me back £100/month, so that's also been helping). Once Christmas passes, I will look at improving my credit score and I feel like I'm in a much better position now to not fuck up getting a credit card. + +I'm off next week for my birthday so I thought Friday afternoon is a good time for small wins celebrations. Anyone else want to join in and tell me about your small win? +Living in Nevada. Had a 6 month lease that ended. Attempted to call multiple times to let them know that I will not be resigning with no call backs from the property management company. Unfortunately, I did not email in the request. + +Flash forward, lease has ended and I moved out. Get call few days later that I would need to pay a “severance lease” of 3 months’ worth of rent? How could this be possible if my lease has already officially ended and I never signed any new lease on the property? I feel like it’s a scam, but they are saying they will move forward on evicting me… but my lease has already ended and I already moved out. Very confusing +I don’t think these shitty hedge funds understand my mindset and quite possibly everyone’s mindset. know one thing shitty hedge funds, government, sec, dtcc, whoever. you fuckers drag this shit down to $40 again and i will be selling my car and many other things to buy as many shares as i can possibly afford to purchase. this is a dangerous game you’re playing, and i will happily play it with you! + +so to the shitty hedge fund interns, kenny, steve cohen, plotkin, stock advisors, government officals, sec officials. + +make the move and see what will happen ;) +I'm a chartered wealth manager in the UK and work for a large consultancy firm. I specialise in finance and investing in all areas of wealth management. + +I'm considering starting a YouTube channel to lay out the benefits of investing (for people in every wealth bracket) and go through the terminology, key points and any misconceptions about the financial world. + +The reason for this post is I'm checking whether there would be any interest in this? There are some decent channels that already do this, however they are far more US and Canada centric and therefore don't always apply well to people in the UK. + +If there is any interest, I'd be very keen to hear what in particular you would be interested in hearing more about, and any other ideas you may have for the content. + +Thanks 😁 +Allright so I'm in a situation where I recieved a 100k bonus from work. The twist is that while I received the full amount, I will technically have to refund like half of it at next tax season. + +So my question is, in the current context, what would you do with it. (Other that the obvious max out rrsp) +There's less than 100,000 in my hometown. There's a good chunk of ultra-wealthy individuals (>$1MM/year). Some of them are selling their residences, some are selling major parts of their portfolio, and there seem to be greater vacant retail spaces than usual. + +On the other side, rents are going up 6-7% annually, home values are rising, apartments are under construction, a small tech park is bringing in 3 new startups/year, interstate construction is about to bring down the drive time to a major economic market from 60 mins to 38. + +Vacancy is 3-5%, unemployment is under 4%. Job and wages growth are positive.... + + +Why are ultra wealthy selling so many assets? Is the market at a peak? are they getting top-dollar? +I see a lot of people in here pursuing the same goal as me (obviously), but a lot of them seem to be setting 10-15 year timeframes, and then missing out on SO’s, kids, social gatherings with friends and family, and generally getting burnt out and miserable, while living like a poor person. Surely it makes far more sense to achieve FIRE with a timeframe of say 20-25 years, so that you can still participate with your friends and family, enjoy pre RE life, and let compounding do some of the heavy work? If you have a huge income, great, but otherwise, surely a fulfilling working life and RE in your early or mid 40’s is preferable to stressed out misery and social exclusion, to retire in your 30’s? Obviously if you didn’t start until later then most of this is a moot point, but for the people that did start early. +Some back story- Like I said, I'm 47 and had 20 years 3 months and 7 days of service under my belt when I got injured on a fire last October. After 4 neck and back surgeries, the docs said I have to retire. My medical retirement took effect November 8th of this year. + +I received my pension letter from the fire department yesterday, and I was somewhat relieved to learn that I will be receiving 60.25% of base pay, tax free (the % is based off my impairment, and I had been told it could have been as low as 45%). + +My questions. +My pension papers clearly say that I am allowed to work, however, I have heard that if I make over a certain amount of money, it can make part or all of my disability taxable. The only thing I've found online so far concerns Social Security benefits, but I'm assuming my pension fund has similar rules. I'm not all that concerned about this, as of now I don't plan on filing any w2's in the near future. + +However, I am considering taking a large chunk from my deferred comp (457b) plan, and paying off all my debt (Mortgage, last remaining credit card, and a home equity loan). + +First of all, is this stupid? +Becoming debt free would put me in a position to continue building a savings near the same rate I was able to before I retired (and that's not counting any side income I earn). It also would be a huge stress relief, especially after all the uncertainty of the past year...and that alone seems like the biggest selling point to me. + +My concern is, while there is no penalty for withdrawing the money, it says it will be "taxed as income", which has me worried that it would count against my disability income, like income from working a job would (if that is indeed the case), and I'd have to pay taxes on some or all of the disability income as well, which doesn't seem correct, but unfortunately I'm pretty ignorant with all of this. + +Everything lately just seems like such a huge decision, I just don't want to do anything stupid. + +Thanks in advance for any insight or advice, and let this be a lesson for you young whippersnappers, you're never too young to start preparing and educating yourself about retirement! +Now let me see if I can do this right, I've been practicing- + +GET OFF MY LAWN! +Early 40's HCOL... I'm at about $5m in invested assets. I'm about to put my internet company on the market, which I own half of. I'm advised it will sell for $17-25m; let's just assume that's true for the moment. I'm thinking after tax, I'll probably walk away with at least $6m for my 50%. So that'll get me $11m in invested assets, with no immediate plans on earning any significant money beyond this. + +So now I'm a bit lost. + +1. Do I just live under 4% withdrawal rate forever? +2. Depending on withdrawing gains vs basis, take home cash can be quite a bit different. How does the 4% rule factor in taxes for consistent income? Should I be balancing selling LIFO/FIFO shares based on taxes? +3. Is that assuming some sort of investment class, like S&P? Or do I make some mix with an expected yield and risk profile? +4. Is 4% the best withdrawal rate I can expect? Or is that a conservative number (or aggressive for that matter)? +5. And for good measure, any experience avoiding the immediate hit of cap gains tax on this sale? +I have this 4 mfs: + +1. Axis focused 25 Fund - Gr +2. DSP Healthcare Fund - Gr +3. Mirae Asset Midcap Fund - Gr +4. BNP Paribas India Consumption Fund - Gr + +Q1 : What does "Gr" means in the end ? + +Also this mfs were selected by a "friend" of the family when I had no financial knowledge whatsoever. + +Also this mutual funds are through NJ India broker. Because I can use their app to see this 4 mfs under my name. But since last couple of months I started learning about all this and came to know that zerodha coin provides direct investing of mfs without any middleman and their charges. + +So + +Q2 : Can I move this mfs from NJ India to zerodha coin ? +Because I already have a zerodha account and don't want to pay the unnecessary fee out of my hard earned money. + +This mfs were started one year back so I am out of exit load scenario. And since it is only a year, I think that magic of compounding is not started yet so I want to exit from this Nj india as soon a I can and move to zerodha coin. So please tell me what's my best option ? + +Also please tell if i need to remove any mf from the above 4 one. + +Any help is appreciated. +Let me preface by pointing out that I consider myself very fortunate. My wife and I have no debts and great credit scores. We make just under $200,000 a year before taxes (80% my salary, she just got a degree so hopefully she'll make more eventually). We have saved $50,000 towards a down payment. I'm an orphan and her parents live abroad in a poor country so we will get no help. + +I'm currently paying $2,700 a month for rent, our only major, regular expense since she finished school (we don't own a car). + +With no kids, it seems like we'd be candidates to own a home but if we do 20% down payment, then we could only buy a $250,000 place which isn't going to get you much in DC. And we'd have to fill it with furniture which seems very expensive. I honestly don't understand how people really do it. Can anyone help me figure this out? Thanks. +I am currently pregnant and due to have my first baby in November! I am starting to look at 529 plans and maxing out my Roth IRA to save for college. + +In everything I’m reading, they say to save 1/3 of the cost for college. However, they don’t say why only 1/3. + +Can someone explain it to me? I am hoping to have my child not have to pay anything and I don’t want to be burdened with debt later either. + +(Based in the US) +Note: I do not have cancer or anything debilitating(that I know of at least lol), but I think we all know just how much of a hit a person can take financially when a diagnosis does come. I have good health insurance through my employer, but obviously that isn’t dependable if I am so sick I cannot work. How does one make a game plan for this possibility? I know it seems a little paranoia but the healthcare system in the states is a joke so I’d rather figure this out now vs when I’d need to focus on my actual health. +* *Note*: This is primarily for the business owners in the sub. Though there's no way to limit responders +* *Note*: I realize that lots of lives were lost in the last year. This post doesn't minimize that. However, life goes on even in war. Fortunes are made (and lost), kids are born even as others die. +* *Note*: I've tried to avoid the minefield of the political response to the pandemic. It's often detrimental to most discourse. + +I came across a story a week ago about successes people had in the past year but were afraid to share IRL primarily because it's a little weird to dance in the streets during a pandemic. But, life continued and I'm curious to the impact of COVID (virus, response, markets etc.) on fatties, especially those that run a business. + +I run a construction business in the midwest. At the onset of COVID, I gave in to the panic as uncertainty loomed. Permit inspections stopped, stay at home order brought uncertainty. We applied for PPP (didn't get it), EIDL (didn't), then PPP came through. By May, there was clarity in the air and Jay Powell's monetary cannon had turned real-estate from a potential 2008-disaster-redux into a crazy boom. + +A year later, and we've had the best year in business. Can't complete projects before they get multiple bids. And the only price I've had to pay is lingering embarrassment. To me, reaching FatFI meant being able to weather any financial storm, yet at the first sign of one, I gave in to panic. Year 2 is starting equally strong, we really could use a break but it's quite gauche to complain about things being too good. + +What I've learned in all this, its hard to be truly FI when you have the livelihoods of other people in your hands. And this means that winding down operations (or sale) is now on the table as part of the Retire Early equation. + +That's quite a bit longer than I had planned to write. Curious about what others have experienced. +# I believe Ryan Cohen is going to distribute his new book series to the GameStop retail investors via an NFT Dividend during the week of December 2nd through December 9th. + +The [Teddy.com](https://Teddy.com) site launched today, November 19th, 2022. The site sells a series of Children's books about Teddy and his family. There was also a Wall Street Journal piece about Ryan Cohen that was published at exactly 12am that mentions the books and seems to be fairly positive. + +* The books were published by *Teddy publishing* which filed for several trademarks on January 4th, 2022. The different filings have different classification codes. One is 016 and the other is 009. + + +[What is the difference in Trademark class code 016 and 009.](https://preview.redd.it/eu8902lzjz0a1.png?width=792&format=png&auto=webp&s=4d6011bf310152bb4a2c1c3d7097384bba7e0c45) + +# What is the difference in Trademark class code 016 and 009. + +* Classification code 016 seems to have been filed for the physical set of the book series. Words like Printed, cardboard, paper, etc. + + +https://preview.redd.it/o0f63ulukz0a1.png?width=787&format=png&auto=webp&s=af6d28b2f0ee7869dff0691702bf4542d66ad757 + +* Classification code 009 was filed for downloadable fiction & non-ficition books. +* After looking into International Classification codes for trademarks (not exactly a hobby of mine) 009 seems to be where Books in the form of an NFT would be filed. Also, once I clicked the 009 in the screenshot above it showed me a list of things that would be classified under 009 and here is one you'll find interesting: + + +[009 Class Code Examples](https://preview.redd.it/spzmnav0mz0a1.png?width=776&format=png&auto=webp&s=8e51990c1e581f036ad8d81573e93560897b50ff) + +* Also, if you purchase the books it says they will ship in 2-3 weeks. +* What is halfway between 2 weeks from now and 3? December 7th would be Wednesday of that week (right in the middle and exactly 3 months since our last earnings call). + +&#x200B; + +I am by no means a Trademark Law or Class Expert so correct me if needed. This is also my first Superstonk Post by the way. +For me, one I can certainly say hit close to home for my investment strategy would be: + +“Don’t chase gains without an exit plan” + +Throughout the end of the bull run, there were many companies I bought into. Some good, and some bad, but the common theme was I didn’t have a plan for exiting the position. +Some of my picks worked out great - locking in gains on pandemic high-flyers and rotating into a broad market ETF or cash. + +Many of my picks, and sadly too many, were once high-flyers that fell sharply and have yet to recover. I look back and it’s clear I should have sold several, especially the stocks boosted on investment euphoria and will likely never hit those highs again, and just as likely to never hit where I purchased. Many of these, I sold for big % losses, even after being up huge % at certain points in time. + +All in all, I believe this lesson will make me a better investor for the future. I’d love to hear what other people have learned +I just saw a video that said that Lebanon had a 90% decrease in their currency value and 140% inflation. How can you have both? If the currency decreased 90% doesn't that mean everything costs 10 times more but if inflation is a 140% doesn't that mean everything cost 1 and a 1/2 times more? +Obviously the economy is doing well by multiple metrics. However, what would be some things people at the top could do to make it even better? Find a way to alleviate student loan debt? Legalize drugs nationwide? +This topic has been covered previously but I thought it might be useful to post again with instructions, given a lot of people now seem to be getting their Ledger Nano S after something of a backlog. + +Using the standard setup for your Ledger, a list of 24 words is generated which you are instructed to write down in the spaces provided on a card. This is in case you need to restore the data contained on this device onto another such device (ie, in the advent that your original Ledger is damaged or lost). + +Once these 24 words have been generated you are only required to test three are correct - which strikes me as somewhat less thorough than required. Say, for example, you had the kind of hand writing that made "clear" look like "clean" or "dean"? Or perhaps you had entered a completely different word (a synonym) somewhere or written several words in the wrong spaces? Now I can't imagine most people would be careless enough to make one or two errors that couldn't be figured out in retrospect, or that such errors would be sufficient enough to prevent a full restoration, but I wouldn't be willing to take the chance. + +To that end, after completing the initial setup I suggest sending a small amount to your Ledger's ETH (or BTC, LTC) wallet and then proceeding to restore the device. To do this: + +- Enter the wrong pin three times and you will be prompted to set-up your Ledger as a new or existing device. Choose "existing device". + +- You will then need to enter each of the 24 words. This is somewhat time consuming - though less so than it may sound - requiring you to scroll through letters on the screen until you have the first three characters of each entered correctly. + +- After correctly entering these characters you will be presented with a selection of words, one of which will be the correct one. + +- After repeating this procedure and confirming you have all 24 words entered correctly you will receive a message informing you that the device has successfully restored. + +- The small amount of ETH should also appear in your wallet. + +This may seem hyper-vigilant but when it comes to holding large amounts where the onus on security and accessibility rest entirely on your shoulders I'd say the benefits outweigh the costs. + +Edit/Addendum: if you upgrade your Ledger Nano S firmware from the first iteration (1.0) to the current version (1.3) you will be required to restore the device following the aforementioned procedure. For this reason, and because I hadn't double checked my seed the first time, I bought a second Ledger Nano S and performed a restore on this instead. For those who may freak at the prospect of upgrading their Ledger firmware might I suggest also going this route. +https://www.marketwatch.com/story/amd-stock-heads-toward-record-high-after-beating-on-earnings-raising-annual-forecast-2020-07-28?mod=canadian-markets + +> AMD AMD, reported second-quarter net income of $157 million, or 13 cents a share, compared with $35 million, or 3 cents a share, in the year-ago period. After adjusting for stock-based compensation and other factors, the chip maker reported earnings of 18 cents a share, compared with 8 cents a share in the year-ago period. Revenue rose to $1.93 billion from $1.53 billion in the year-ago quarter. + +This puts their market cap at around $87B while 5 years ago AMD was at just over $2B. + +On another note AMC is up big today and after hours too, good day if you hold stocks that start with AM_ +When I think of strategies that will be profitable on t=1000 time frames, I don’t think of any that involve directional biases. I know that there are technical/structural edges that market makers have where they have lower fees and quicker speeds, also for prop shops who have low fees and can inventory cheaply for vol arb strategies with proprietary vol forecasting models. + +But as a lowly student, how can I develop this kind of edge myself? I know how to code, but the gap from writing a trading algorithm and doing FPGA operations for millisecond edges is just too large. My execution costs will always be disadvantageous and so will my speed. + +Where should I even be looking? Everything I have access to (retail brokers) contains second-hand prices that are already efficient. How do I branch within the quant realm from predicting prices/looking for patterns into finding this kind of true edge? +Originally I was just going to try to get in a mutual agreement with everyone- you don't get me anything, I won't get you anything. But people start buying gifts early....and yeah. + +And i'm empty handed. + +I mean people are going to get me things. I just had a baby in June. It's the first baby of the next generation of my family. So I don't know why I even had an inkling of a thought I could avoid it, everyone's too excited about the first grandchild and me being a mom. But seriously, the only reason I'm making November's rent is because I got a refund from overpaying for the birth of my daughter. I'm just now completing the employment process of getting with a temp agency because the only work really available is temp to hire or seasonal work. They're gonna work on finding me work. Until then my fiance has the sole income and it's not much. + +What gifts have y'all given people during times of hardship? I was thinking I could bake each family a dozen cookies but isn't that more a default thing people do for Christmas, not a present? +Anyone saying RC buying BBBY is FUD is a shill or a complete dumbass. If you've read the letter to the board you'd know what RC really wants is to spin off the buybuy baby part of BBBY into a separate company. If this happens then every shareholder of BBBY would get a share of the new company for each share they own. They'd create 124 million shares of BABY and every shareholder of BBBY would get a matching share of BABY. This would force shorts to close because they can't provide the share of BABY to the shareholder of their synthetic share. This is exactly what we want for GME. I also think it will help GME because when BBBY runs GME runs because it's apart of the MEME basket. +China was a huge source of instability for crypto because the evil communist party arbitrarily bans and unbans crypto and mining every 5 minutes. We are much healthier without the Chinese market being involved in crypto. + +We're also freer, because it was incredibly concerning that the majority of hash power used to be in China. + +So it's very satisfying seeing the CCP in China try and dump us, and then we end up recovering anyway, and are on track to be even stronger WITHOUT them! +Hello, long time lurker of this reddit and I thought I'd start a post about potential side hustles ranging from "novice to expert". + +A bit of background about myself. I'm a aviation mechanic and I personally earn £32,000 per annum. This alone for me isn't enough to reach my goals so I got creative. + +One example would be; + +Car boot/market reselling - very easy to start, little expendable money needed and you can turnover a really good profit once you know what you are doing. Last year during summer I was taking home after tax about £800 - 1000 in eBay sales. + +Collection buying and selling - my personal favorite, you can scoop up some incredibly cheap collections on places like Facebook marketplace which with real value. My recent purchase I paid £30 for a card collection which was valued into the high thousands. Right place, right time is the game. + +If you can think of any side hustles that could benefit the community then please don't hold back. + +Many thanks, +Dale. +Is anyone here a profitable fulltime trader earning their bread and butter from trading currencies? Or are we all being bamboozled by greedy brokers and banks. Do we have a chance in the market, or are we just useful idiots that provide liquidity for banks and hedge funds to profit off us? I'm starting to believe that it's all bull, if anyone here is or knows of a successful fulltime trader let me know. +I'm going to try to make this story as short as possible but it's difficult. In 2021 I lost my job and my car got totalled so I had to move in with my family in their apartment. I now live with my brother, my mother, and her virtually insane girlfriend. I had no choice. + +My mother's gf is a nuisance and constantly pisses off the neighbors by yelling and screaming and keeping them up at night but she's pulled a really stupid move. About 8 months ago, she decided it was a great idea to bring in stray cats even though it is clearly stated in the lease that we had to let the landlord know we had cats and pay $300 per cat. We had like 9 cats at first and the landlord came by saw this and said, "You have to get rid of all of these cats". + +Well my mom and Daphne got rid of 6 out of 9 of the cats. I tried to convince my mom to fight her gf and get rid all of these cats but she has no spine. Well now the damn cats have fleas and whole house is infested. If we tell the landlord then he'll probably evict us due to all of the problems my mom's gf has caused plus now he'll blame us for bringing in the fleas which are hell to get rid of. I can't even sleep at night and my mom still refuses to get rid of the cats and I don't think it's possible to get rid of fleas without getting rid of the cats. What do I do? +I love how engaged we are as a community and how active we are in spreading information. That sort of stops for me when we continue to post en masse every negative article that surrounds GME. I don't really understand the point? I would understand posting these articles here if you'd like clarification about their content but that doesn't seem to be why most are pushed here. + +There are much better ways to farm fake internet points other than giving the MSM free advertisements on our sub. It feels super unnecessary and it doesn't add any value to promote slanderous content on the sub. Please stop. + +Love you all, buy & hodl. +Might be a stupid question but all across the world I'm reading headlines of housing shortages. It seems like there's no where on the planet with adequate housing supply and not just Australia. + +How did this happen all at once? Are there places in the world that have an over-abundance of houses? Is "housing shortage" the wrong way to describe it and its really a housing affordability crisis? +BTC supporter here since 2014. + +When my son was 1 year old back in late 2016, I used up all his birthday money to buy bitcoin for him. Put it on a ledger and kept it away since. My wife told me to sell at $5000, at $10000 and $18000, but i hold it ever since, now she already know I will keep my promise to just give it to him when it is time (probably not at 18, because most youngsters are still retarded at that age) + +Anyway, I am so anxious to see his reaction when I tell him he has a certain amount of btc :D and that his 'old fashioned' dad was good for something :P + +I hope it will make him instantly financially stable/independent. Or maybe I will get to hear why I didn't sold at $18000 back in 2017! You should have listened to mum! + +&#x200B; + +&#x200B; + +# Wow what crazy karma post :) thanks people. I try to answer some questions that were asked. ! + +&#x200B; +My wife (31F) and I (30M) are both physicians. I finished in 2020 and have 259k in loans left to repay. I am currently making around 400k/year. My wife just finished her residency with an additional 250k in loans and has basically decided that she can't do it anymore. Medicine has made her nothing but miserable and has wrecked her mental health. It finally got to the point where we had to decide if it was worth it for her to continue, and we ultimately decided her happiness was worth more. +And yes we are addressing her mental health issues with therapy, professional help, etc. It does go beyond career and work, she has had issues with depression throughout life but it became severe throughout residency. + +Obviously, I'm supporting her in this decision but I would be lying if I said it hasn't brought me an insane amount of financial anxiety. She has 250k in loans as well and was on track to be an ER physician, same as I, where she would also be able to make around 400k a year. The plan was always for us to both work full time to start off so we could pay it off asap, and then cut back a bit but work aggressively towards retirement and enjoy a semi early retirement, without having to bust our asses along the way. + + +Now, I'm trying to figure out how our financial goals will be impacted by this change of plans. On one hand, I know that my own salary is sufficient to live a comfortable life style and I am not trying to sound ungrateful for my own income. But on the other hand, when I try to break it down into what this will actually change it really starts to seem less optimistic. From the way I see it: + +- we are losing massive income potential obviously from wife's earnings over life + + +- we are losing potential investment earnings with wife's theoretical earnings + + +- losing wife's 401k retirement plan and company match + + +- we are losing the potential of my income that could have gone towards investments which will now have to first go towards paying off her loans too for many years + + +- I'm losing the value of time with how much longer I'll have to work now. + + +When I think of it like this, it seems like this will delay our ability to retire by at least 10 years if not more. Is that an accurate estimate? + +I know i could be in worse situations, but honestly it sucks. I basically gave up my college years and my 20s and worked my ass off to get to this point, as did my wife. Now we're in our 30s and the light at the end of the tunnel was supposed to be that our earnings would offset some of that missed opportunity and will also allow a very comfortable lifestyle and will allow us to retire early. Kinda feels like I got to this point now just to keep working harder with no real payoff in the foreseeable future. ER work is not easy, and I already am starting to feel burnt out. Doing 10 to 15 more years than I planned of this seems horrendous if I'm being honest. + +Strategies I have thought of so far include: + + +-paying bare minimum on our loans and waiting 25 years to be forgiven + + +-wife has a private disability policy she started in residency which covers psychiatric illness. She has not been formally diagnosed but we're both doctors and know 100% that she is depressed. IIRC though, she would only be eligible for 2 years of disability from something like this though + + +-have her declare bankruptcy individually and try to get some loans forgiven. Her credit score doesn't really matter as much since I pay for everything and everything is in my name. But I also don't know if a judge would consider her situation as a hardship considering my income. + + +-pumping 100k into the next meme crypto coin and getting lucky. Jk. Kinda. + + +Obviously her working a different job would be an obvious alternative solution, and we haven't written it off yet but long story short answer to that is - it's hard at the moment for her to envision doing anything at all due to the severe depression she's in. She has zero career oriented passion or desires. Hoping therapy will help. + + +Any advice would be appreciated and thanks in advance. + + +EDIT: + +I just wanted to thank everyone for the advice. I've read through pretty much every comment and appreciate all the different angles and insight. As someone suggested, I will probably seek therapy for myself too, to help sort out some of the emotions and anxiety I've been feeling about all of this. I also have a lot of hope from seeing other people in similar situations that worked out just fine. Will try to respond individually at some point to some comments but just wanted to say thanks to all. +Hi everyone, I just wanted to share our success with negotiating a lower rent in London. + +**Area:** London, an area close to Canary Wharf + +**Property:** Two bedroom flat + +**Timeline:** + +When we moved into the flat in early 2019, we were paying £460 per week initially. It went up to £475 per week when we renewed after a year for the next six months. + +This brought us to late 2020 last year when we had to renew our tenancy. The estate agents were pretty cheeky and asked us if we wanted to renew for another six months for the same rent as in pre covid. + +This was already several months into the pandemic, and we knew that lots of people who were working in Canary Wharf had moved out of the area, so there were plenty of properties on offer. More so, we saw on the estate agent's own website similar flats to ours listed for £415, so we were able to negotiate down to £415 per week for another six months. + +Most recently, we received another email from the estate agent asking if we'd like to renew again for the same £415 per week. Of course, we did our research again, and were surprised to see that the same flats listed six months ago were still listed, and had even lowered their rent to £375 pw. + +We made an offer of £360 per week, and it took a few back and forth emails, the agent saying it was too low etc... but we remained firm with our offer, and eventually the landlord accepted £360 per week for the next six months. + +We were quite confident that the landlord would accept a lower rent rather than risk having an empty flat for more than a month. + +I think what annoyed me most was how entitled the landlord/agent were; throughout all the negotiations they never once justified their price or made a point of what they were providing us. It was always reasons like "that's the market rate" or "the landlord will accept xxx". The market has changed, and I don't think they've realised that yet. Even with the vaccine rollout, I don't see companies forcing employees back into the office anytime soon. + +TLDR: Initially moved in for £460 per week (£1993 per month), now paying £360 per week (£1560 per month). So, we get to save about £400 per month. +Are the current sellers mainly those who are short term traders as opposed to long term investors? The reason I ask is because unless you think companies like Google, Apple, and Microsoft are going to go bankrupt, it seems like a great time to buy them for a little longer term profit? I don’t have a bias toward trading or longer term investing because both can make money. +So basically I'm living in Czechia and I've seen here the interest rates are pretty high compared to my home country. They are offering on average 5% monthly for saving accounts. + +Some are promotional and some banks renew it for better, some others don't. Even though it's a bit laborous for me to open new accounts (they make it harder for foreigner, I have to go there in person, show proof of contract work, show proof of residence, etc..) I was thinking maybe it was worth my time so I could move my money faster into the bank that has the best promo at the given time. + +With this said, do I get flagged somehow? + +I mean, I will just collect interests and move to another that offers me better deal when it appears. + +I already faced some challenges as I was stupid enough to say the amount I wanted to deposit and the account manager then started acting suspicous, asking if it was really my money, if it was heritage or business and I said it was really just my savings he asked me for proof of it (and no it wasn't anything near millions or even enough to buy a new BMW). It was just awkward for me and I decided to leave it. +Hello, + +I am pretty much new to investing. +I am 19 yo, live in Portugal, college student and I currently have some money sitting at the bank. I was looking to start my investment journey by investing in VWCE. +The problem is, it has gone up 30% this year. I have seen some news/people talk about that there might be a crash on the market soon so I am quite reluctant on going for VWCE right now. By being an index fund will the fall be easier? Should I start investing now or should I wait for it to go down? +Thanks in advance! +I’ve had another job offer with conditions which are far better then my current job. But it comes with a decent pay cut. I will go from around $160k pa to $120k pa. + +I love my current job, however there are some frictions which means it imposes pretty heavily on my personal life. Travel is quite heavy, and often loving out of a suitcase interstate or overseas. It was likely a key factor in my relationship breakdown. Now I think that’s caused me to focus even more energy into work. + +Job satisfaction in the new job would be quite high but not as much as my current job, however I have friends who have made the swap and swear the lifestyle improvement is significantly better off and they’re not taking work home with them. + +How much do you value a better lifestyle? +Is there a monetary value to place on a better lifestyle? +Is it wrong to feel defined by the job we do? +**A Valuation of Royal Mail PLC on 22nd September 2020** + +Check it out and subscribe at: [https://thecontrariancapitalist.substack.com/p/valuation-royal-mail-plc](https://thecontrariancapitalist.substack.com/p/valuation-royal-mail-plc) + +**Story** + +With consumers sending fewer letters but receiving more parcels Royal Mail has a structural demand problem. Combining this with rising costs and intense competition will cause revenues to slowly decline and continue to put downward pressure on margins. + +The firm is reacting appropriately, albeit too slowly, by divesting their underperforming Royal Mail assets slowly and diverting capital into the better performing GLS business. This is value accretive, but maybe too little too late as any competitive cost-advantage they may have been able to otherwise eke out is eroded by the intensity of the competition. + +The brutal cost structure of the business puts pressure on the firm's ability to cover their significant leasehold and financial debts and avoid financial distress, but their access to deep pools of capital is reflected in a credit score that is higher than it otherwise should be + +[Figure 1: RMG \(22 Sep 2020\) - Summary](https://preview.redd.it/twlbfgeqioo51.jpg?width=3300&format=pjpg&auto=webp&s=dfb766c925536adae8427345a5a13aba82431840) + +I have estimate the shares to be worth £2.41-£2.60 each. Monte-Carlo simulation suggests that the shares have a 25th percentile value of £1.66 and a 75th percentile value of £3.40. + +In order to get the most value from the firm, management should divest from the Royal Mail business more aggressively, cut costs rapidly, and use these increased cash-flows to pay down their debts. This will stop capital being stored in assets that are destroying value with below capital-cost returns, increase the free-cash-flow the business produces, greatly reduce their chances of significant financial distress and shareholder dilution into the foreseeable future, and reduce their cost of capital. + +Despite this being the optimal path forward, Royal Mail is a large employer in the UK with a rich history and significant political and social pressures for them to not slash n burn, so there is a tiny chance this will be done in any kind of meaningful way. + +If you find this interesting, please let me know and I will publish more. +The share price has taken a nose dive and is down 50% in the past month, largely down to a slowing in growth of the business. As well as some questions around the governance of the business. + +However, the CEO who previously had the 'golden share' of the company has now given this up as THG works towards being included in the FTSE 100 indices. There haven't been any fundamental changes in the way the business is run and it's got an extremely strong business model as we move faster and faster into an e-commerce dominated market/ future. I feel like it's current share price is undervalued at £2.45. + +I wondered where other people sit with THG +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Another Wall Street firm is throwing in the towel on posting ratings on GameStop amid the Reddit rally and share price volatility. + +* Baird says it is temporarily suspending a rating and price target on the retailer until it more clearly articulates new management’s business strategy. That disclosure should also allow investors to better assess the company’s "intrinsic value and prospects for future free cash flow generation," according to analyst Colin Sebastian said in a note released Monday. +* Sebastian says GME is trading on non-fundamental social media influences and other factors that make it difficult in the near term to make a reasonable stock rating recommendation to institutional investors. +* Baird had a Neutral rating on GameStop and 12-month price target of $25 before the ratings pull. +This is going to be long, fair warning. + +I'm a 28 year old man living with in MA. I'm disabled and unable to work. My specific condition is Crohn's Disease and Colitis and some mental health struggles. My boyfriend, now my husband, and I just got married a couple of months ago. He got let go almost eight months ago and we've been living off of his unemployment, my food stamps, and my EAEDC money. (EAEDC is Emergency Aid for the Elderly Disabled and Children) + +I applied for disability almost three years ago and have been denied on multiple levels, ending with being denied by a judge and my lawyer deciding to drop the case. + +I'll eventually try again once I have some tests under my belt, more concrete medical evidence, and a better lawyer but that's not why I'm here. Just wanted to get that out there so people aren't telling me to do that. + +We've been staying inside and keeping busy to save on money and stay away from the general public. We were scraping by well enough. Especially since my husband was making ~$27/hr before he was let go. + +When we got married, the DTA (Department of Transitional Assistance) wanted to know how much we made. Because they are tied to Unemployment, they were aware of how much he was getting in unemployment benefits. Then suddenly they emailed me and texted me saying that we are no longer eligible for food stamps or the EAEDC and have officially closed my case as of today. Apparently his unemployment amount is literally like $20 over the amount we are allowed to make as a married couple. + +We know the local pantries and can pick up food in a pinch, but a lot of the food from the pantry is not great for my condition. Eating like a regular person makes me miserable and suffer a lot of pain so having the food stamps and being able to get the right foods for my diet was pretty integral. + +Any advice on what kind of options we have as a married couple in MA? + +Thank you in advance ☺️💜 +Hello fellow investors, + +My folks are in their early 60s and have $1M in a 2% GIC. But i feel i can help them out to increase that passive income by utilizing diversified dividend stocks. I have been investing for about 5 years now, but not much experience with CDN dividend stocks. I will recommend to them they put $500k in stocks and leave the rest in GIC. Goal is to have around $5k a month from dividends as their income and enjoy their retirement. To minimize risk, i will diversify as much as possible and put no more than 10% in any one stock. + +Here is what i came up with, by sector: + +Banks: +TD, RY, CM + +Insurance: +MFC, POW, GWO, MIC + +Oil & Gas: +PPL, TRP, ENB + +Power and Utilities: +CPX, AQN, RNW + +Telecom: +T, BCE + +Media: +STR.B, CTR.B + +A total of 17 stocks. What are your thoughts on my plan? Would this be a safer and more profitable for my parents? I understand there is risk in capital losses but hence the diversification. + +Would appreciate your input, thanks! +There’s really no reason for the price to be going up right now. Last week we had the news of inflation hitting a 40 year high, and all markets were resilient. The economy is still in terrible shape, yet the stock market and crypto market are doing good. + +I was thinking it’s just a pump and dump but it’s been going up for almost a week. Any thoughts? +Hello all, + +Long time no post. I am still on discord you can find me there almost everyday. Furvently trading options and other pennies. Over a year ago now, ALPP was discovered. This company, unlike many other OTC’s, was already producing revenue and had quite an unusual track record. So why ALPP and how do you spot others? + +Lets get this straight first, every year the OTC has ‘unicorns’ that go 10,000% and uplist. Its just a matter of finding them, and this years happened to be Alpine 4 Technologies. + +How did this or how does this come to be? Well lets look at what I look for when finding otc longs! + +First, I look for companies with no bloated and diluted share structures. Back in April 2019, ALPP had a pretty stable share structure around 60 million shares outstanding and 100 authorized. This is very rare in the otc but shows that a company can survive without the addition of killing shareholders with gross dilution. Along with this I look through financial statements, all of them. Track their revenue growth, debt, any developments company wide, convertibles, and ceo statements each quarter! Kent (CEO of ALPP) is a very transparent CEO, very unusual in the otc world, every year he did an annual shareholder letter (awesome) in which he detailed future plans and seemed he held to those plans each year, and always talked about the quarter results. Next, the company had an established revenue stream + potential for an exponential slide into millions of revenue through their dsf business model. These companies which leverage correctly are incredible, and are high risk of course. Kent managed to pull it off and I can only give so many props. Not only did he get the revenue growing double each year, he managed to control convertible debt from spiraling and in multiple 8-k’s detailed refinancing to ensure a better future for the balance sheets. + +Most importantly, both the IR and CEO answered my questions via email and twitter. Being as transparent as they could, giving the best answer they know - no bull shit. + +Pennies like this are very rare, with established customer bases (usually noted in 10-Qs), and high shareholder priority and transparency (look for shareholder letters, interviews, active board of directors and ir). ALPP will always be a long hold, and I expect them to hit nasdaq running - institutions will want to gobble them up, especially after the balance sheet clears up more. + +But what about others? Well as mentioned look for clean share structures (no billion o/s crap), growing revenues with controlled debt, no convertible debt (dilution), transparency, active and communicative, subscribed customer base (pandemic proof/recession proof!!). This is just a small piece of the pie, but can help clean out all of the spec and hype garbage pump and dumps. + +I appreciate all the positive feedback ive recieved the past few weeks, my only thanks go to the sub reddit discord for being awesome and the ALPP team for putting together one of the best otc’s ive ever seen. Congrats to them🚀 +First thing's fist: I don't know what the hell I'm doing. I'm just an ape throwing my own feces at the wall and calling it DD. I'm not saying that to be cheeky, I'm saying that because I'm probably wrong about a lot in this post and would appreciate being corrected. *I ain't no goddamn financial advisor. Ain't no goddamn financial advice. I just think the goddamn stock is nice.* + +Second of all, I am not trying to predict a date. However, as many other fine simians before me have already elucidated, it's very likely that GME will rise and falls several times leading up to the MOAS like so many ominous rumbling farts preceding an epic shart. Just as it is with a sloppy wet one, there are usually preceding clues that make you mentally take stock of your supply of clean underwear (I don't know why there's already so many shit analogies in this post, I really don't). One of the most commonly used metrics used to predict a bearish or bullish turn is the MACD. + +&#x200B; + +[A different kind of soft serve](https://preview.redd.it/zvdxof79hqr61.png?width=680&format=png&auto=webp&s=a3de6bf925676a4b039270ea48838d5e25e30314) + +It stands for Moving Average Convergence Divergence (there's a tongue twister for ya). The MACD is calculated using the difference between two exponential moving averages of a stock, usually over 26 days and 12 days. The MACD can be be either positive (more bullish) or negative (more bearish) but is most often tracked against the 9 day exponential moving average (EMA9) of the MACD itself in order to predict bullish or bearish sentiment. If it moves above its EMA9, it signals upward momentum and a recent or pending reversal. This is also known as the sought after **golden cross**. Day traders, of which GME has ***none*** \*glares for dramatic effect\*, use the MACD on the 15min, 30min, and 1hr charts to try and predict swings. To better prepare for impending sharp bounces or falls in our favorite stonk, I looked at macro trends in the 4hr and 1 day MACD preceding known squeezes. There are a few trends I've noticed. + +&#x200B; + +* The MACD will often already be above the EMA9 leading up to a bounce. This makes sense because it's measuring growing momentum. However, this isn't always the case. +* The MACD in volatile stocks will often dip below the EMA9 after the stock has already dropped following a bounce. +* The 4hr charts usually show a golden cross before a sudden uptick +* The 1 day chart's golden cross usually lags a little behind but is a better indicator of steady momentum and sentiment vs. volatile swings + +&#x200B; + +Let's take a look at these crosses in action using some established examples. First, we got PLTR. Palantir only recently went public in late 2020 and started out strong. On the 1 day chart, you can see the MACD sliding under the EMA9 for the first time on 12/11/20 followed by an extended period of trading mostly sideways. + +[PLTR 1 Day Chart](https://preview.redd.it/xyqr9mkrmqr61.png?width=1635&format=png&auto=webp&s=2da74c220fb13529104a7715b1adc5c08bb9c0c6) + +Over a month later, it crossed positive again on 01/21/21 just as the gamma squeeze started. However, you can see the trend lines slowly coalescing just before that point, hinting at an impending upswing in momentum. + +&#x200B; + +[PLTR 1 Day Chart](https://preview.redd.it/a2onj9denqr61.png?width=1631&format=png&auto=webp&s=3dad48d17ba21f4ae8927b1ea5723f8d5058def7) + +&#x200B; + +The golden cross appears **much earlier** on the 4hr chart. + +[PLTR 4HR Chart](https://preview.redd.it/pw2j1t47pqr61.png?width=1629&format=png&auto=webp&s=221c0725469a91b011ba8c239dbb00823a658677) + +&#x200B; + +The negative MACD crossing during its double peak only happened **after** it fell on **both** drops. + +[PLTR 1 Day Chart](https://preview.redd.it/7kudvcrunqr61.png?width=1631&format=png&auto=webp&s=c25b5a3812a30ad108f035d1064e21784cba76f1) + +[PLTR 1 Day Chart](https://preview.redd.it/a3p3ufsloqr61.png?width=1635&format=png&auto=webp&s=3769796c5212ed5e63928dd04c28e4d4325853d9) + +&#x200B; + +Another well known recent event is SNDL's squeeze. On the 1 day chart, you can see the golden cross occur just as the stock starts its meteoric climb. Unfortunately, its crash came abruptly and the negative crossing only happened after its descent. The gap between the MACD and EMA9 oscillated but most important to note is how narrow their gap was in the days preceding the upswing. And again, the golden cross comes about a day earlier on the 4hr chart compared to the 1 day and the negative crossing occurs **after** the drop. + +&#x200B; + +[SNDL 1 Day Chart](https://preview.redd.it/4ns9it8drqr61.png?width=1628&format=png&auto=webp&s=1dc38f652787fb5cfa9a5704ad1c4cad5a6a0a42) + +[SNDL 4HR Chart](https://preview.redd.it/9pn0b28jrqr61.png?width=1626&format=png&auto=webp&s=88e56e396062672e00a11efb953a60058e37dd24) + +Finally, let's look at the golden boy himself, TSLA. This is a great one to use because the squeeze lasted for so long and consisted of several mini squeezes leading up to its eventual peak. The MACD and EMA9 oscillated back and forth very tightly up until 12/13/19 when it crossed over days before a massive upswing. The cross appeared earlier on the 4hr chart on 12/09/19. The stock then crashed but interestingly not before the negative cross reared its head to signal downward momentum. + +[TSLA 1 Day Chart](https://preview.redd.it/3wh0vh4osqr61.png?width=1897&format=png&auto=webp&s=e1b4902b644c1ea93f7891ebb01bee062910cdbe) + +&#x200B; + +[TSLA 4HR Chart \(this was tough to find for some reason\)](https://preview.redd.it/882az045vqr61.png?width=893&format=png&auto=webp&s=c913566f5d7adb7945f2716d8777b85b6716a3d2) + +You can see this pattern repeat again and again + +&#x200B; + +https://preview.redd.it/tk76vo3i4rr61.png?width=1902&format=png&auto=webp&s=50b76a996380d894036f5940eca38de52f02d41b + +&#x200B; + +The 4HR chart caught the next upswing in August earlier by 2 days. The most recent spike with a golden cross was caught at the start on both 1 day and 4hr charts on 11/17/20 + +https://preview.redd.it/x79ke0c35rr61.png?width=2836&format=png&auto=webp&s=68c4dd27d5d5e178dcf1e37dc6298d275fd6ddaa + +&#x200B; + +So...wtf does this have to GME? Well rev up dem tits, boys, we're goin tendie huntin! + +The squeeze that could have been had its golden cross MUCH sooner than the peak but did happen to occur on the 1 day chart right in the middle of a bump on 01/13/21. The crossover occurred a day earlier on the 4hr chart. + +[GME 1 Day Chart](https://preview.redd.it/uemio3llyqr61.png?width=1907&format=png&auto=webp&s=9570f6c47b7cad0923d0ff2bebef01190e42b731) + +[GME 4HR Chart](https://preview.redd.it/ce16g1sxyqr61.png?width=1915&format=png&auto=webp&s=991fd35b85d04ee8aa1aaa84a3d44a8f1bb71f09) + +The Second Coming coincided with another cross but well after it began on the 1 day chart on 02/25/21. What about the 4hr? It shows up **four trading days earlier** on 02/19/21 + +[GME 1 Day Chart](https://preview.redd.it/kfse4kx8zqr61.png?width=1911&format=png&auto=webp&s=e1ce031cbb851d2eb9323db1361de6dff350fa5c) + +[GME 4HR Chart](https://preview.redd.it/p67e6aoszqr61.png?width=1909&format=png&auto=webp&s=706a43ebab9fae4813e955142fb5f5da4d5d9f10) + +And that brings us to today. On the 1 day chart, the MACD is still underwater with a spread of -5.09. You can see the channel narrowing. For comparison, the spread on the 1 day chart was -3.58 on 02/24/19 the day before it crossed. + +[GME 1 Day Chart](https://preview.redd.it/mtp4a2kj0rr61.png?width=1907&format=png&auto=webp&s=519524b75b1b75899583fc06f71a0f6818fa9981) + +What about the 4hr chart, you ask? We already crossed over. **FIVE TRADING DAYS AGO** + +[GME 4HR Chart](https://preview.redd.it/2820zf191rr61.png?width=1909&format=png&auto=webp&s=c3a82d9c9c323a08e095b72c9d54d310cdc2ac22) + +&#x200B; + +The MACD and EMA9 are currently oscillating. We slipped back under the EMA9 on the 4hr chart yesterday but only just barely. The spread is -0.09 so it may as well be zero. Look at the narrowing of the two trend lines. See how they come together and have been twisting back and forth since 03/30? That's a fuse being spun together. Are you ass cheeks clenched yet? Well clench harder. Let's look at MACD and EMA9 spread for the 1 day chart starting from 01/13/21. + +https://preview.redd.it/jo2gytjc2rr61.png?width=154&format=png&auto=webp&s=dad0f96b9e2c658ba070fc0f9ea90235a464655a + +As you can see, the spread has remained negative for 11 days in a row. The previous spread remained negative for 13 days in a row before the stock jumped from $44 to close at $91 the following day. The stock had also just hit a 28 day low volume of 7.57 million the day before it jumped. The previous low occurred on 01/12 with a volume of 7.06 million **the day before the MACD-EMA9 spread turned positive** **on the day chart**. Yesterday's volume was **6.08 million,** ***a 29 day low.*** + +&#x200B; + +TL;DR + +Fuse lit. Wait for boom boom. Buy. Hodl. Clench dem cheeks. 🚀 🚀 🚀 + +edit: typoss +I'm looking at buying a house in the area I'm currently renting. I inquired about a property yesterday and got a response back along these lines. + +"Sure, you can have a look but I must warn you, there has been a lot of interest and the owner will accept the best offer made by 5pm tomorrow." + +I just replied saying I wasn't free to look at it before then, but I'd be happy to look if it's still on the market later on. + +I mean, he could be telling the truth, but I've had a close eye on the market and this place has been on the market a few months and has already dropped the asking price by 30k, so I think not. + +Just wondering how you'd respond to this, and also, what are the other real estate agent tricks you've come across? I need to have my wits about my if I'm gonna start properly looking. + +UPDATE: I've just noticed that it's going to be open for inspection again this Saturday, so that pretty much confirms his story was BS. +So I happened to get a nice check from some back pay from work and my first reaction to it was to buy more crypto (obviously). So im on the exchange and i go to send it to my hard wallet and instant paranoia and anxiety per usual. Ive been sending crypto to different wallets since mid 2017 and it still makes my heart drop when i think its taking too long (more than 5 seconds). Does anyone actually grow use to the feeling of sending crypto from wallet to wallet and not thinking it’ll all disappear in the blink of an eye? I can’t imagine getting hacked for any amount of my bag, the thought of it gives me anxiety. +As many of you know, when Ether was trading at about $400 I made a post explaining what was about to happen [exactly like it happened](https://np.reddit.com/r/ethtrader/comments/6hc2an/ive_predicted_most_movements_correctly_so_far/). People keep asking me why I didn't sell. That is so stupid it makes me wonder if those guys even know what Ether is. + +For the noobs around, Ether is a (ridiculously scarce) form of money that can be directly exchanged by computing time in an incorruptible worldwide computer. Now, let that sink in. Do you know anything more valuable than computing in nowadays world's? Neither do I. Now think about the value of running programs in a worldwide neutral computer. Can you even fathom how much valuable that is? No, you do not. It is beyond what you can comprehend. + +Fast-forward 5-10 years from now, when big companies such as Google or Amazon make a partnership, deal or anything, where do you think they'll put that agreement? On Amazon's computers? On Google's computers? Will it be a paper contract (LOL)? No, it will not you dummy. In the age of information, such agreement will be a fucking contract on the Ethereum network, because that's the most obvious and neutral place for it to be. *Ethereum is the rising backbone of the internet economy*. There will be a point when people talk about it just like they talk about UDP, TCP, HTTP. Now, realize every single major company, government in the world will be doing the same thing. They all need Ether for every single fucking thing they do. The Ether that is in your hands right now. So, again, do you even know what you're holding? + +"Why didn't you sell your Ether and buy later on, hurp durp" - because I'd fail, like you did, dumbass. The market is optimized to take Ether away from people like you and me. You don't even know, but there is an a file for your trading behavior someone else's database, analyzed 24/7 by state-of-art machine-learning algorithms. That's what you're fighting when you trade. If I sold, chances are things would play differently. There is a reason I have a fuckton of Ether. What goes in my cold wallet do *not* get out. + +Lesson? Do NOT expose your Ether to the market. Hold it in a cold wallet and go live. Only come back again by 2019 when the price hits 10-20k and you're millionaire. Then, please, do what I did and save some noob asses from losing their lives in those short term blood fests. +Hi, + +I realise this situation can apply to anyone but it seems to occur more among immigrants hence why I mention it. + +I am in my mid-30s now and was bought to this country as a small child with my single mum. This country is absolutely amazing and we assimilated and blended into the culture of the country ever since we moved. + +After years of hard work I bought a home few years ago and had my mum retire after she worked tremendously hard working from 5am to 10pm sometimes in a factory when I was growing up. + +We never had a home in our home country or here previously so it was a proud achievement. + +I have a lot to be grateful to my mum for raising me as a single mum. + +However I am realising that my own time is ticking, I am in my mid-30s as a man and my mother lives with me in the home we have. + +My personal bank account hit almost £0 twice. Once when I put down all I have for the mortgage and again when I paid off my mortgage recently. I saved hard to place myself in a secure situation again. + +I am now in a position where I have around £60k in savings and helped my mum save around £100k. + +My wish is to move out of the home and let my mum live there, no rent, no nothing. The home is in my name and the mortgage is paid off. She won't feel comfortable renting out rooms in the house to anyone so it's not a problem, I don't want any income from the home. + +What I am craving is my own freedom but I feel nervous about my situation. I am self-employed via my LTD company having set this up less than 3 years ago. + +My income is usually around £40k-£50k a year after tax. + +Financially I may be able to give my mum around £500 a month on top of £450 she receives in pension a month. + +Would that leave enough to support myself and her if I were to live independently? + +Area wise I live in the very very outskirts of London and am thinking of moving out further as I also am fed up of London. + +I ideally don't want to share any more and want to rent or own my own place. + +What would you do if you were in this situation? + +Sorry if my post is all over the place. Essentially I think what I am trying to say is I've put my mum in a safe situation I think and now I want to live my own life. But financially maybe I am unsure about myself. +I’ve always been told that the market is cyclical. If the last bottom was in 2012 and now we’ve got high demand and low inventory, is now the right time to sell? I know time in the market > timing the market. However, I’ve got some properties that have appreciated like crazy over the last year. Stock investors always say “no on ever goes broke taking a profit” and I’m starting to think it’s a good time to let go of some properties because the uncertainty makes me uncomfortable. +Hi all, + +I had sold 15 put contract that are expiring today. + +Underlying: SPY + +Strike: 425 + +\# of Contracts = 15 + +As of this moment I am on a approximate loss of 5k. + +If at close today, if the SPY is below 425, will I have to come up with $ 637,500 (425\*15\*100) to buy SPY or only the loss e.g. 5k? + +How does it work? + +Obviously, I don't have $ 637,500 cash. I can bear the $5K loss. What should I do? + +Thank you. + +**Edit 1:** + +**\*\*GREED GOT ME!\*\*** + +I am going to cry like a baby tonight.... For the last year, I had been selling 8-9 pct OTM Puts on SPY, 3 weeks expiry, and legging into the trades later on .. (i.e. putting on as a spread).... Probability of 8-9 pct SPY drop is less than 5% according to historical data.... + +When I entered this naked puts few weeks ago, SPY was at 470. The GREED of an extra day of Theta got me. I generally choose my option expiry to be on Fridays. I thought the Fed meeting is on Tue, so let me collect an extra day of theta (i.e. Monday expiry). + +As of mid last week: this option was literally 3 cents...AGAIN GREED GOT ME.... I did not close it.... I did not even put the spread on.... to save the few pennies. + +**FROM 3 cents to $4.71...**.**CLOSED IT ALL AT $7K LOSS on this trade, when SPY was around 422.** + +**This sucks...I am going to cry like a baby tonight...** + +&#x200B; + +\*\*\***Edit Final Status\*\*\*** + +Option Day Range : 0.03 - 5.36 + +Closed the position when SPY was 422 earlier in the day for **$7K** in losses. + +In last 10 minutes of trading session SPY is at 436 and seems like it will hold. + +**This hurts so bad !!** + +**Goal for this year:** Recover $7k in losses + +&#x200B; + +**\*\*\*\* Some more update from CNBC \*\*\*\*** + +**(Source: CNBC) :** + +Monday marked one of the best market comebacks in a long time. The session was the first time since the aftermath of the financial crisis in 2008 that the Nasdaq Composite had been down more than 4% on the session and closed up. For the Dow, which was down 3.25% at its low, it was the biggest intraday comeback since the wild trading of March 2020. + +***I will remember this day forever , Jan 24, 2022*** + +&#x200B; +***EDIT: I made a follow up to this with actual proof and more spice and valuable contributions from others here:*** [***https://www.reddit.com/r/Superstonk/comments/r75566/proof\_added\_for\_my\_other\_post\_about\_popcorn/***](https://www.reddit.com/r/Superstonk/comments/r75566/proof_added_for_my_other_post_about_popcorn/) + +*Unfortunately, for some reason it is being actively suppressed. It stayed at* ***0 upvotes*** *for a while until I added the link in here, as this was already trending in Hot and reached some visibility. Since then it got a few hundred upvotes and* ***more awards than any other post in Rising****, yet it's* ***not showing up at all*** *neither in Rising nor in Hot.* + +## ########## + +I doubt this will get out of 'New' but I'm posting it regardless, since it also pertains to GME and to me is pretty much proof that popcorn is used as a hedge by SHFs or at the least as a divide and conquer technique. + +# Backstory + +Apart from GME I have about 1/4 of my 2-stock-portfolio invested in another stock other than GME. Shame on me I know, but it's **not** one of the other meme stocks. Just a growth stock I'm highly vested and have a personal interest in. I'm not going to name it to avoid any unwanted advertisement and it's also not important. + +Coincidentally it's also a heavily shorted stock and got attacked by a short seller report at the beginning of the year that was total and utter bogus and fell over 80%. The "consultants" to that report, that also gave their badly researched opinion publicly in interviews, started working at the competition just a few months later - go figure! + +# My observation + +So for months now (just as with GME) I've noticed stock bashers all over the place (Reddit, Twitter, Yahoo), with shitty and weak arguments despite it being a relatively new, small and still rather unknown company. Pretty much just like our DD here has shown this being a a classic FUD method of SHFs to drive innovative but small companies into bankruptcy. + +Today of all days - a blood red market where many stocks have fallen some 5-10% due to 1 confirmed Omicron case in the US according to MSM - I'm scrolling through Twitter. And I see a lot of tweets saying stuff like "stock to x digits tomorrow", "stock down to x tomorrow, then bankruptcy" (which would be some -50%), "don't catch a falling knife - dump dump!". You get my drift. + +So I'm kinda looking at their profiles, if bashing that stock is all they do or what their deal is. But I notice two recurring things instead. Instead of just bashing that one stock (or any stock extensively for that matter), what they mostly do is **pump** those 2 stocks (even today when all of them fell the same way): + +* That "previous president" social media SPAC thing -> LOL +* Popcorn: they even identify as "apes" but of course no mention of GME in any of their tweets + +# Conclusion + +Now I don't know what the deal with that "previous president" social media thingy is but the combination of an... + +* obviously paid stock basher for niche stocks, +* at the same time (when all these stocks are falling the same way) promoter of popcorn (and claiming to be an "ape") +* and no single mention of GME in any of their tweets + +...it's kind of telling, what is going on here. +I made a [**spreadsheet to calculate returns from investing in Roth and traditional versions of 401ks and IRAs**](https://docs.google.com/spreadsheets/d/1VZ4wKbUXdc8VA0mG4ri2wP9VuZCwae7b9MvA4u2HT7w/copy). I did this because it's a recurring topic of confusion on the part of newbies (which is totally understandable) but also of debate among well-meaning people. + +One piece of traditional wisdom has been that it's largely a wash, relying on commutative arithmetic with tax rates and an often-uncommunicated assumption that those rates won't change during the lifetime of the saver/retiree. Another is that one should use traditional accounts to improve tax efficiency anyway, and that the *rest* of it is a wash. As I hope the spreadsheet helps to make clear, these are (at least often) untrue, and the devil's in the details. + +I used the spreadsheet to test out some of my own ideas, which generally skew in favor of Roth accounts: + +* Future tax rates may well be hiked, making Roth options far safer for guaranteed retirement income + +* For lower earners, this makes extra sense because they're in very low tax brackets anyway to start with + +* For higher earners, Roth should be the default option when maxing out because of the greater concentration of earnings in tax-advantaged accounts + +I expected to find that Roth was generally better at low and high ends of the earnings spectrum, but was surprised to find it generally better in the middle too. I'm open to suggestions for improving the tool, and would enjoy discussion of the results. + +**Using the spreadsheet** + +The spreadsheet's intended to give a rough picture of how the account types perform, including when matched in different combinations. Some features: + +* In general, the quickest way to see the effects of different choices is to change settings in the left panel or in the first year's row. Try setting different combinations such as age, starting income, etc. and view the results in the grey bolded subcolumn below. + +* Most settings controlling contributions, earnings and withdrawals for a particular year can be changed in that year's row, which by default also alters following years for that column + + * This allows modeling the effect of tax hikes, etc. as well as market disruptions (sequence of return risks) + +* The contribution model of company-match-first, then max-IRA, then max-401k, then (optional) overflow-to-taxable-account is followed. + +* To make comparisons fair, savings percentages are evaluated pre-tax, but Roth contributions to both 401ks and IRAs are tax-adjusted to take up more of the savings percentage, i.e. exhaust it earlier + + * This means that to max out Roth contributions, you must set the savings percentage high enough + +* Variable inflation rates are allowed, and one can calculate inflation-adjusted earnings as well as contribution limits + +* Returns are shown in projected future un-adjusted as well as inflation-adjusted dollars + +**Quirks and known issues** + +* There is no provision for state income taxes (this would be easy to add if helpful) + +* There is no current support for including Social Security projected earnings in retirement income projections + +* There is no direct support for rolling from a traditional to a Roth account (though one could mock this up by manually setting various dollar values for a particular year, with the caveat that this would disrupt auto-calculations for the edited cells). Instead, in rollover years traditional 401k contents are rolled to the traditional IRA, and Roth 401k contents are rolled to the Roth IRA. + +* Modeling a glide path, and differential returns after retirement when the focus shifts to retaining wealth and generating stable income, is best done currently by manually adjusting settings on individual years + +**ETA: It's become obvious that Social Security should become part of the accounting, at least, and ideally state income taxes. Those are not yet added.** +I've had this recent sense that some real estate agents are gaming buyers who want to research sales in a decling/flat market by withholding far more prices than was the case during the boom time. + + +Some people have told me it's buyers. Some have said it's sellers. Agents I have spoken to have invariably dismissed my concerns. + + +What I have discovered in a sample study in one council are is that withheld prices have increased % wise more than THREE times since the end of the real estate boom. + + +The area I looked at was Sydney's Georges River Council (St George) with suburbs as defined by the GRC wiki page. Some suburbs do go into other areas but I analysed the data from the 24 suburbs in their entirity. + +&#x200B; + +I would have loved to have done the complete city and over a longer period of time but don't have the time. Everything was done manually as I'm not sure how you'd do it otherwise. + + +Results (data from realestate.com.au): From the period October 5 2016 until July 19 2017 - 131 properties from 2028 sales in the region were listed as contact agent/price withheld etc. This amounted to 6.46% of listings. + + +Fast forward to the same period from October 5 2018 until July 19 2019. The results: 252 from 1250 sales or 20.16% were withheld/contact agent etc. + + +Can anyone convince me a three-fold increase that happens to correspond with a downturn would be purely the doing of the buyer/seller? Hiding figures clearly benefits agents and keeps buyers in the dark at least until it eventually goes on the valuer general's site. + + +Would love someone to research or pull data from the whole city because I don't think GRC is particularly remarkable. Just bear in mind this is the kind of shit you're up against when it comes to real estate in Sin City. + + +FOD + +Intro: + +As was promised, here’s a DD for Food Revolution Group (FOD). Just a friendly reminder that I hold shares of this company and am planning to do so for a medium-long term timeframe. Please do your own research and make your own decisions in regards to your investment journey. Please if you have any questions, suggestions, feedbacks feel free to comment below and I try to respond asap. Also my apologies as I was meant to post a DD here yesterday but due the reasons I will explain at the end of this post there was a delay. + +MktCap \~ $32 mill + +About: + +FOD is a food, beverage and nutraceutical company that is active mainly in 3 platforms of Premium fresh juice, All Natural Wellness products and Premium Health & Beauty products. FOD had been in a downward spiral previous to 2019-2020 for a multitude of reasons which I’ll discuss shortly. However recent promising financials and the appointment of a more experienced team sets this company as a candidate for significant turn-around and growth. Additionally, this company benefits from the support of S3 Consortium (Wise Owl in this case) which is the financial group that also runs Next Investors and Catalyst Hunters. And we’ve all seen what they can do to a SP with a mere email. + +The three product lines are as follows: + +Original Juice Company (OBL) : This is the brand of an orange juice that you would have seen in all big retailers (Coles, Woolies, IGA, Aldi) . The technology to produce a quality OJ was brought about in collaboration with CSIRO (Australia’s national science and engineering organisation) through the development of Counter Current Extraction (CCR) technology to extract juice from fruits and vegetables in a more concentrated manner (less need for solvents). Its processing facilities are located in Millpark, Victoria. OBL is FOD’s most successful product so far. It is currently growing by a whooping 24.4% compared to the wider OJ market at 3%. OBL is asserting to achieve 15% of Australian juice market. + +Juice Lab: The new products in this line are what is called a Wellness Shot. These healthy shots are accepted widely within Asian countries and they have recently started to emerge within the Australian market. They are usually small containers (60mls) that contain a mixture of different fruits, vegetables and herbs that are widely popular like Ginseng and Guarana. The current range includes Focus , Immune and Digest. They were released in Coles and IGA in late Feb/early March. The sales of these products exceeded expectations (2-3x larger sale volume than was expected) and as a result of that Woolworths that is the biggest player in food and beverage retail signed a contract for release of these products from May. + +Wellness supplements: + +In 2020 FOD constructed its high tech lab and produced its skin care products called Eridani. Eridani is a marine collagen product that has been rolled-out in the Chinese market through the e-commerce platform. This is the area that requires the most amount of improvement as it has only signed a $1mill contract with a huge potential still remaining untouched. The collagen market is worth around $4.5 billion dollars and a fraction of this market can significantly boost the SP and financials of this company. + +Financials: + +The most recent financial is the half yearly of 31st of Dec 2020: + +For comparison + +HY 31 Dec: + +Gross Revenue = $22.2 mill (+24% change) + +Profit after tax = $32k (+102% change) + +&#x200B; + +HY 30 Dec: + +Gross Revenue = $17.9 mill + +Profit after tax = (minus $1.7 mill) + +Cashflow: + +* Cash of $2.94 on hand at 31 Dec 2020. +* Placement of $4.5 mill to support the rollout of wellness shots and marketing and operational initiative +* **Further placement of $3 mill (at 3.5 c) that is not reflected in this half yearly to partially retire debt** + +Gross Profit and EBIDTA: + +* Gross profit of $5.69 mill (31% of net sales) +* Profit after tax (32k) : This is the first time the company is making profit which reflects a turning point in the sales, increasing revenue and decreasing expenses. +* EBIDTA : $2.13 mill which is a 10x improvement on the previous $0.21mill (H1Y20) for the previous corresponding period + +Price to sales analysis: + +* Fair value is slightly over the 7c at 1.65 x sales currently on the table. In the past FOD has seen the ratio of 0.72 due to level of debt and uncertainty. More improvement on the debt reduction would see the price reaching its fair value. + +Positive outlook: + +* The quarterly is being published on 28th of April and through a recent announcement the company mentioned that they grew by 25.9% and considering the previous cap raises they will be guaranteed Cash Flow, EBITDA and NPAT positive. +* FOD is in Wise Owl’s portfolio, which with Next Investors and Catalyst Hunters for the S3 consortium(Stocks Digital). Any positive announcements by the company would be further promoted by them as they hold shares themselves. +* The CEO Tony Rowlinson has a salary of 70k but a total Options/Right of $500k which would act as an incentive for the executive team to push the SP higher. Since the advent of the new team the company has been on a significant trajectory regarding its growth. +* With the recovery of fruit products from bushfires the price of the fresh produce continues to decrease which would decrease the operational costs of FOD. +* The OBL continues to outperform the market by great margins. This movement plus the rollout of wellness line into Woolworths, convenience stores and South Australia is primed to further improve the +* With the ease of COVID-19 restrictions and the rollout of vaccines, the beverage retail sector has started to recover and will continue to do so unless the pandemic reaches the march 2020 status. + +Negative outlook: + +* There have been many promises by the previous team that have been left unfulfilled. The biggest promise was the rollout of the beverage products into the Chinese market which would act as a massive price catalyst (consider the A2 milk in its prime days). The promise is yet to be fulfilled +* The price and supply power of products directly ties into the availability of fresh produce; further bushfires would severely impact the production cost and damage the profit generated. +* In the financial statement in the annual report the had a decrease in gross profit (from $5 mill from $8.4 mill) in spite of increasing revenue ($34.8 mill from $29.2) as the price of products rose due to the bushfires. A loss of ($9.6 mill) was recorded which was a great improvement from ($14 mill) in previous year. However a loss is a loss and should be considered in the negative outlooks. +* The food beverage market is a very competitive market and the SP can be severely damaged by executive mismanagement in regards to operation + +**This is the end of the DD** + +On a separate note: I apologise if I couldn’t post this yesterday. Unfortunately over the weekend I was notified of a death of one of my closest friends due to suicide. I would encourage anyone who is going through a rough patch to please get in touch with a crisis support group (Life Line 13 11 14) or contact a friend. My reddit is always open to anyone on here and you can message me for a banter or any other reason. If you have a friend that has been down or you’re worried about them, please ask them how they’re going; If you see something, say something. +Right, so last weekend I wrote a whole thing on [Inverse Funds](https://www.reddit.com/r/ASX_Bets/comments/t72vzi/market_volatility_a_crash_course_in_inverse_funds/?utm_source=share&utm_medium=web2x&context=3), so my creativity credits are running a little empty. + +Putin has us all sketchy, my baby released long anticipated good results and was punished accordingly, the LKE-tards are back on deck and u/BigJimBeef reminded me that I'm [getting old](https://www.reddit.com/r/ASX_Bets/comments/t94mm5/how_many_40_people_welcoming_the_cold_embrace_of/?utm_source=share&utm_medium=web2x&context=3), at least according to fucking Jenny... + +So let's get this done an fuck off to enjoy the weekend....... + +&#x200B; + +&#x200B; + +**UPDATES** + +&#x200B; + +&#x200B; + + \- u/Repulsive_Peanut7874 really, really [does not like their landlord.](https://www.reddit.com/r/ASX_Bets/comments/t6e9x9/rent_increases/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + + \- u/instantly-regret has won the [second part](https://www.reddit.com/r/ASX_Bets/comments/r9rqm6/comment/hnesaoh/?utm_source=share&utm_medium=web2x&context=3) of their bet. + +&#x200B; + +\- u/in_dreams_i_fly risked a [2 week ban](https://www.reddit.com/r/ASX_Bets/comments/spiwmf/comment/hwfm9k9/?utm_source=share&utm_medium=web2x&context=3) with u/A_Anderson151 also [joining in](https://www.reddit.com/r/ASX_Bets/comments/spiwmf/comment/hwfmmut/?utm_source=share&utm_medium=web2x&context=3) to win against the bet by u/elephantrambo that's below. + +&#x200B; + +\- u/Satansfriendlycat won their bet but failed to get the [results](https://www.reddit.com/r/ASX_Bets/comments/sz0wx7/comment/hy1mnid/?utm_source=share&utm_medium=web2x&context=3) they wanted. + +&#x200B; + +\- u/captain007 has won their [bet](https://www.reddit.com/r/ASX_Bets/comments/ruvlds/comment/hr28di6/?utm_source=share&utm_medium=web2x&context=3). BM7 would be proud. + +&#x200B; + +\- u/GlitteringFunction celebrated their [first bag](https://www.reddit.com/r/ASX_Bets/comments/t9312b/my_first_ever_bag111/?utm_source=share&utm_medium=web2x&context=3) on International Women's Day, which seemed oddly appropriate.. + + + +\- Some fine [investigative work](https://www.reddit.com/r/ASX_Bets/comments/t9b0kq/comment/hztrhe3/?utm_source=share&utm_medium=web2x&context=3) in the daily thread by u/kervio has led to a lovely new flair for u/pastry1. + +&#x200B; + +&#x200B; + +**NEW BETS** + +&#x200B; + +&#x200B; + +\- u/twofootedgiant has popped the betting cherry, stating that **ALC** will touch **30c** before **APRIL 30th** or they will serve a [month long ban](https://www.reddit.com/r/ASX_Bets/comments/t0xm2i/comment/hyfok86/?utm_source=share&utm_medium=web2x&context=3). As with all touching, we can only hope it will be inappropriate. + +&#x200B; + +\- u/Josho- has attempted to prove their potential, making a [complex multi bet](https://www.reddit.com/r/ASX_Bets/comments/t0xm2i/comment/hycrsh0/?utm_source=share&utm_medium=web2x&context=3) risking a 3 month ban. + +In an interesting side note, they have also challenged supreme Josh, u/wowveryjosh to a contest that decides the ultimate josh on the sub. + +**Mods** look forward to the inevitable ~~slaughter of a noob~~ fight for supremacy between the Josh's. + +&#x200B; + +\- u/sulmar has made a bet stating If **IHL** hits **$1** any day in March, they will take a [2 week ban](https://www.reddit.com/r/ASX_Bets/comments/t2idhh/comment/hymac03/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/builtdifferant bet they'd take [week's ban](https://www.reddit.com/r/ASX_Bets/comments/t39hly/comment/hyr8mmn/?utm_source=share&utm_medium=web2x&context=3) ban if **Z1P** closed **RED**. + +\- u/wowveryjosh took the opposite [side](https://www.reddit.com/r/ASX_Bets/comments/t39hly/comment/hyr88zu/?utm_source=share&utm_medium=web2x&context=3) + +\- u/rude_jello_377 also saw the dilution on the wall and [bet against](https://www.reddit.com/r/ASX_Bets/comments/t39hly/comment/hyraemm/?utm_source=share&utm_medium=web2x&context=3) all things Built Differant + +&#x200B; + + \- u/Far_Unit9020 bet **LTR** will make a new **ATH (>$1.995)** before 1 April, or a [1 month ban](https://www.reddit.com/r/ASX_Bets/comments/t39hly/comment/hyu6098/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/the_wombat2081 is trying for their third ban bet win [with a complex multi](https://www.reddit.com/r/ASX_Bets/comments/t41x58/comment/hz012qy/?utm_source=share&utm_medium=web2x&context=3) due 31/03/22 with 4 weeks at stake... + +\- u/Mitchuation has taken [the opposite side](https://www.reddit.com/r/ASX_Bets/comments/t4kqad/comment/hz04xvg/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/ok-penalty-7046 bet **LPD** to be **3.8c** by close friday the 4th or [1 week ban](https://www.reddit.com/r/ASX_Bets/comments/t4kqad/comment/hz08vf3/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/maddecent has bet **RNU** PEPR announcement by Friday 11th March or [a months ban](https://www.reddit.com/r/ASX_Bets/comments/t5cgkr/comment/hz43hxf/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/ewanelaborate has a bet running for a [biotech, any biotech](https://www.reddit.com/r/ASX_Bets/comments/t6d3oz/comment/hzb7ofc/?utm_source=share&utm_medium=web2x&context=3) at all to a announce a way to treat Japanese encephalitis in the next 2 weeks or they will have a 4 week ban. If nothing else, it gives an interesting insight into their social life... + +\- u/tokyo_moe took the [flip side](https://www.reddit.com/r/ASX_Bets/comments/t6d3oz/comment/hzbdi4x/?utm_source=share&utm_medium=web2x&context=3)of the bet... + +&#x200B; + +\- u/Dark_Raiden_ took a punt on Gold not [touching 2K](https://www.reddit.com/r/ASX_Bets/comments/t6d3oz/comment/hzay0z6/?utm_source=share&utm_medium=web2x&context=3) and won. So by my reckoning, that means Fake Josh, u/Josho- has a holiday coming... + +&#x200B; + +\- u/thecrappest has a bet running on **AKO**, stating it will touch **0.74c** by March 31st 2022 or its a [6 month trip to Plucky-ville](https://www.reddit.com/r/ASX_Bets/comments/t8xbmo/ako_yolo_update_2_almost_6_months_in_and_ban_post/?utm_source=share&utm_medium=web2x&context=3)... + +&#x200B; + +\- u/Sugeknight_standover has bet **ESS** to touch **50c** withing 3 months or a [2 week ban](https://www.reddit.com/r/ASX_Bets/comments/t7t8nh/comment/hzjyg93/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/dancingbeavers has bet **LKE** will touch **$2** [by June 30](https://www.reddit.com/r/ASX_Bets/comments/t9rni1/comment/hzwvm3j/?utm_source=share&utm_medium=web2x&context=3) or a 60 day ban + +&#x200B; + +\- u/rsoule878 bet **MAY** to hit **20c** within [the next 2 weeks](https://www.reddit.com/r/ASX_Bets/comments/ta227w/comment/hzyiqm7/?utm_source=share&utm_medium=web2x&context=3) or a 2 week ban + +&#x200B; + +\- u/In_Dreams_I_fly has been stalking scotty, claiming that now he has arrived in the hot seat IVZ will touch **20c** by March 31st or its a [2 week ban](https://www.reddit.com/r/ASX_Bets/comments/tasxyy/comment/i05v05a/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/technical_shower_157 has bet [drill results](https://www.reddit.com/r/ASX_Bets/comments/tasxyy/comment/i03tqd2/?utm_source=share&utm_medium=web2x&context=3) for **GTR** will push it into the mid **3c** range or 1 month ban + +&#x200B; + +\- u/MVtwo__ has honoured their fallen pal stating **GRR** next div will be **15c<** If not they'll take a [weeks ban](https://www.reddit.com/r/ASX_Bets/comments/tbbaa3/comment/i06d45d/?utm_source=share&utm_medium=web2x&context=3) for every cent it misses by. + +&#x200B; + +\- u/Pure_beautiful_395 bet **ESS** to have made a new [ATH by EOFY](https://www.reddit.com/r/ASX_Bets/comments/tbbaa3/comment/i06vytq/?utm_source=share&utm_medium=web2x&context=3) or they'll take a 1 month ban. + +&#x200B; + +\- u/wannaliveinpenthouse has gone [full bear](https://www.reddit.com/r/ASX_Bets/comments/tbbaa3/comment/i071ayh/?utm_source=share&utm_medium=web2x&context=3) betting the **Nasdaq** goes below **10,000** before Christmas or one month ban . + + + +&#x200B; + +**BANS** + +&#x200B; + +&#x200B; + +\- Every fucker from [last time](https://www.reddit.com/r/ASX_Bets/comments/t0w1nh/an_invasion_of_our_portfolios_bans_and_updates/?utm_source=share&utm_medium=web2x&context=3) has been banned. + +&#x200B; + +\- u/FiremanDrain is banned for being a stupid bot. Interesting side note here. A mod-mail from the user tells us they are in fact not a bot, but just a fucking loser with absolutely nothing better to do... + +&#x200B; + +\- u/Big-Stein is getting banned for a week because we are fucking over the whole drained balls thing.... + +&#x200B; + + \- [u/Mutated\_Cunt](https://www.reddit.com/u/Mutated_Cunt/) will have an additional 4 weeks added to their sentence for their [failed bet](https://www.reddit.com/r/ASX_Bets/comments/r99ywl/premarket_thread_for_general_trading_and_plans/hnavwa9/?context=3) + +&#x200B; + + \- [u/sugar-raytheon](https://www.reddit.com/u/sugar-raytheon/) will join the banned lands for their [disaster of a bet](https://www.reddit.com/r/ASX_Bets/comments/rgt3en/premarket_thread_for_general_trading_and_plans/homut2r/). + +&#x200B; + +\- u/hgttg will take a [2 month ban](https://www.reddit.com/r/ASX_Bets/comments/sjww3p/comment/hvis8vs/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/wadobjj87 got burnt a second time. [That's 2 weeks](https://www.reddit.com/r/ASX_Bets/comments/so78jf/comment/hw7jbte/?utm_source=share&utm_medium=web2x&context=3) for you. + +&#x200B; + +\- u/elephantrambo that's a [2 week ban](https://www.reddit.com/r/ASX_Bets/comments/spiwmf/comment/hwfleon/?utm_source=share&utm_medium=web2x&context=3) for you + +&#x200B; + + \- u/Tommy23L lost their bet. [A donation of $100 to Beyond Blue](https://www.reddit.com/r/ASX_Bets/comments/sprnbk/comment/hwhhc02/?utm_source=share&utm_medium=web2x&context=3) has been made. Now you have a month serve. + +&#x200B; + +\- u/teeedubb having committed a [ban by mod](https://www.reddit.com/r/ASX_Bets/comments/srcmit/comment/hwrgf13/?utm_source=share&utm_medium=web2x&context=3) will have a month in the gulag with nothing but dreams of Zippy's ATH... + +&#x200B; + +\- u/mrpark3s will serve a months time out for their [downramping bet](https://www.reddit.com/r/ASX_Bets/comments/sy7149/comment/hxwn7p2/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +&#x200B; + +**TLDR:** κάπως πέρα ​​από τις απαγορεύσεις και τα στοιχήματα + + +2020 has undoubtedly been the weirdest year in the stock market in quite a long time. + +There has been a flood of new investors piling in that have created some very weird boom and busts in particular names. HTZ, GNUS, NKLA and KODK are all pretty notable examples where they grew with investor interest then suddenly crashed when expectations got too high. + +Despite the failings of these companies, most retail investors especially those who started after March are up significantly on their portfolios because of the sheer pump in many different industries. Even if they did join the NKLA or GNUS pump and lost, they should more than make up for it with some other hype stocks that are up at least 200% by now. + +I have been right there trading some of these hype names for quick easy money. I have been in NIO, VERY, MEAT, RIDE, ESE and NML to name a few and have made some decent money. That is not even factoring in my tech stocks that are up significantly since March lows. This has been a good year for me as I imagine it has been for you. + +Monitoring retail investors chatter online through Reddit, Facebook groups, Twitter and even things like Stockhouse I now believe we may be close to the peak of people piling into hype names. With those other failures I mentioned before, they were largely ignored by most individual investors and most of the chatter was still focused on good companies either in value or in growth (like FANG stocks) which I think ultimately led to them not taking off further. We are now at a retail investor cycle where the average investor is so overconfident from their gains this year that almost all chatter is focused on penny stocks that would be seen as pump and dumps in a normal year. Look through the daily discussions here or even just the front page and all anyone is talking about is penny stocks. Most of these stocks are going up at least 10% per day reminiscent of the bubbles of the marijuana boom and busts which I imagine most of these new investors did not follow. + +The level of overconfidence and the lack of caution in piling into penny stocks with major inherent risks I think will be a huge bagholder creation event and I was wondering if anyone had any thoughts on how this might unfold. I have been thinking about it a lot and I think there is really 3 scenarios that might unfold: + +1. A big name hype stock crashes the hype stock market + +A big name hype stock like Tesla or NIO crashes hard and drives down the entire hype market as people flee the rest of the highflying stocks. This could be a bad earnings report, serious share dilution to take advantage of overinflated prices or something that causes some question in the products quality. Every short report issued on one of these names has been largely ignored after 2-3 days so I doubt that any big short report could take them down. These are market leading stocks and could take the whole rest of the market out if they crash. + +2. The Government ends the party (early?) + +I don’t think that the penny stock market has been hyped enough to warrant the government to intervene in it, but they may be intervening on two other issues: housing prices and inflation. The Bank of Canada has announced that they are not raising rates until at least 2023, but this has caused further asset price inflation in housing. With a vaccine coming out, it seems possible that the government may cut this short and may slowly raise rates ahead of schedule. + +3. The penny stock market just becomes a big bust + +Without a big hype stock crashing it down or the government raising interest rates this seems to me like the most likely scenario. Like NKLA or GNUS, the penny stock market in general will peak after it reaches absurd valuations and will crash in unison with large profit taking. All penny stock names will just act as one big market rather than smaller individual booms and busts like has been happening all year. This could happen without warning at any time but will likely follow several days of severe hype like we are seeing now with large price growth. This will likely not affect large hype stocks which will have their day another time (maybe until the government raises interest rates). + +Does anyone have any other ideas of what is going to happen here? I think the writing is on the walls that we have reached a mania lately. I am expecting some down votes on this but hopefully someone has some good insight. +I'm not old enough to know anything outside of this amazing bull run we've had over the last decade or so. No one I know really knows anything outside of "stonks only go up". With interest rates being as low as they are, you're pretty much losing money to inflation currently if you're not invested in stocks. + +For those who lived through some of the major crashes that took years to recover, I'm curious if those crashes changed how you safe guard your money. Are you of the mindset that if things crash and you lose 50% of your portfolio that's fine since you have enough money it won't matter? Or are you more willing to invest in things like bonds/gold even though during these bull runs the market is outpacing these. + +Edit: A lot of insightful answers so far! One follow up question for those that invest in index. I’ve always lived in the US and I assume this subreddit is mostly US based. Is there any fear that the US economy in the future is no longer the super power it is now, and it takes more than a few years to recover (if it ever does to pre crash levels)? Similarly to how other countries economies have faltered long term. Are you putting a lot more in a international index to hedge against this? +Hi fatFIRErs, I hope you can help me with some advice on something. I'm from the US, my girlfriend is from Europe, we live in East Africa and hope to get married in one of these many jurisdictions. + +We hope to stay in East Africa and raise our children here. If so, my passive income alone would easily put us in the top 0.1% of everyone here not to mention savings and investments valued at about $3 million USD. + +Our research suggests that Kenya has the most clear laws for respecting assets acquired before marriage in prenuptial agreements and we'd be having the prenup written by a reputable top law firm. + +For those expats that have gotten married, divorced, and survived the ordeal - what do you wish you knew before you got hitched? Are there any things you wish was in your prenup or any strange things that happened that you wish you could have anticipated. + +Thank you for considering my questions and providing your advice. +Have a 2.6 million dollar net worth. All of it is in stocks other than about $160,000 in cash. + +I would like to diversify about 16% of the 2.6 million into real estate. + +The problem is I have no ties to anywhere. So what do I do about buying real estate? How are people choosing where to buy? are 99% of you just choosing where to buy based on where your work is and where your family is? What if you have no home base for work and you have very few friends/family? +Hello everyone, I again am guest-hosting Diamantenhände while we all eagerly await u/DerGurkenraspler's glorious return. Apes unite around the world to watch the German market carry the torch until US pre-market opens! + +&nbsp; + +- Thanks for joining us! US pre-market is open, and it looks good @ $255.22 + +- 115 minutes in: **$253.76 / € 207,40** + +- 110 minutes in: $253.58 / € 207,25 + +- 105 minutes in: $253.58 / € 207,25 + +- 100 minutes in: $253.58 / € 207,25 + +- 95 minutes in: $253.70 / € 207,35 + +- 90 minutes in: $253.70 / € 207,35 + +- 85 minutes in: $253.58 / € 207,25 + +- 80 minutes in: $253.76 / € 207,40 + +- 75 minutes in: $253.88 / € 207,50 + +- 70 minutes in: $253.76 / € 207,40 + +- 65 minutes in: $253.76 / € 207,40 + +- 60 minutes in: $253.70 / € 207,35 + +- 55 minutes in: $253.70 / € 207,35 + +- 50 minutes in: $253.70 / € 207,35 + +- 45 minutes in: $253.70 / € 207,35 + +- 40 minutes in: $253.70 / € 207,35 + +- 35 minutes in: $253.82 / € 207,45 + +- 30 minutes in: $254.01 / € 207,60 + +- 25 minutes in: $253.88 / € 207,50 + +- 20 minutes in: $253.95 / € 207,55 + +- 15 minutes in: $254.31 / € 207,85 + +- 10 minutes in: $253.88 / € 207,50 + +- 5 minutes in: $253.95 / € 207,55 + +- 0 minutes in: $255.60 / € 208,90 + + +&nbsp; + +FAQ: To generate this data, I'm viewing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and putting them through a currency converter to USD. Today's EUR -> USD conversion ratio is 1.22353943. + +I'm not trying to take over this tradition, just keep it going for fun on days when u/DerGurkenraspler doesn't start the thread at the normal time. +Hello everyone, I again am guest-hosting Diamantenhände while we all eagerly await u/DerGurkenraspler's glorious return. Apes unite around the world to watch the German market carry the torch until US pre-market opens! + +&nbsp; + +- Thanks for joining us! US pre-market is open, and it looks good @ $255.22 + +- 115 minutes in: **$253.76 / € 207,40** + +- 110 minutes in: $253.58 / € 207,25 + +- 105 minutes in: $253.58 / € 207,25 + +- 100 minutes in: $253.58 / € 207,25 + +- 95 minutes in: $253.70 / € 207,35 + +- 90 minutes in: $253.70 / € 207,35 + +- 85 minutes in: $253.58 / € 207,25 + +- 80 minutes in: $253.76 / € 207,40 + +- 75 minutes in: $253.88 / € 207,50 + +- 70 minutes in: $253.76 / € 207,40 + +- 65 minutes in: $253.76 / € 207,40 + +- 60 minutes in: $253.70 / € 207,35 + +- 55 minutes in: $253.70 / € 207,35 + +- 50 minutes in: $253.70 / € 207,35 + +- 45 minutes in: $253.70 / € 207,35 + +- 40 minutes in: $253.70 / € 207,35 + +- 35 minutes in: $253.82 / € 207,45 + +- 30 minutes in: $254.01 / € 207,60 + +- 25 minutes in: $253.88 / € 207,50 + +- 20 minutes in: $253.95 / € 207,55 + +- 15 minutes in: $254.31 / € 207,85 + +- 10 minutes in: $253.88 / € 207,50 + +- 5 minutes in: $253.95 / € 207,55 + +- 0 minutes in: $255.60 / € 208,90 + + +&nbsp; + +FAQ: To generate this data, I'm viewing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and putting them through a currency converter to USD. Today's EUR -> USD conversion ratio is 1.22353943. + +I'm not trying to take over this tradition, just keep it going for fun on days when u/DerGurkenraspler doesn't start the thread at the normal time. +Here's what the last four years have taught me about life, money, and the search for happiness and balance. I'm a 25 y/o male engineer in a LCOL area with a net worth of \~$180k. + +I have been out of college for four years and working full time. My savings rate has ranged from 40% starting out, up to nearly 65% last year. While by most financial measures I was doing very well for this stretch, I noticed a trend. The more money I accumulated and the higher my SR grew, the more I became obsessed with my finances. I began depriving myself of experiences and social activities. I'd regularly turn down a night out with friends, or skip a lunch with coworkers. To sum it up, I was not happy with the life I was living. I had reached the threshold where my SR was painful *for me*. + +Fast forward to 2019, and I decided it was time to make a change. As uncomfortable as it felt at the time, I reduced my SR by 10%. The disposable portion of my income now HAD to be spent (I'll admit, a few dollars here and there end up being invested but I try to spend most of it). I'm currently shooting for a 55% SR and I cannot tell you how much more I enjoy life. I went from feeling like I couldn't spend a dollar that wasn't strictly budgeted, to travelling with friends, going to concerts, and enjoying the pleasures of life. That 10% made all the difference in the world, so I urge you wonderful people to not deprive yourselves too much of the life you want and risk burnout. Plan for the future, sure, but realize that nothing is guaranteed. Strive to balance the wants and needs of the future with the wants and needs of now. + +I now believe that spending money on experiences that don't directly yield you money (or greater earning power) can be worthwhile if you're smart and deliberate about them. In six months, I transitioned from wondering how I'd manage to drag myself through another 10 years at work, to enjoying daily life enough to not mind working another 30 years if I need to. Work weeks now feel calm and relaxing as opposed to being a grind, as bizarre as that sounds. + +The "sweet spot" of SR that I found is highly personal. When you find yours, you'll be challenged to spend money wisely (because a life devoid of stress and challenge is not a meaningful one), but there will be "enough" left at the end of the day for you to pursue happiness with. + +May you all find a life of balance, satisfaction, and a warm feeling of "enough." :) +I currently have one house hack and a few rental arbitrages going on. I want my next investment asset and heard about storage units. Did some digging but it's tough to find information on how to aquire them and their ROI. Anybody here have experience with them? Would recommend or stay away from them? +For example, I have 2 properties, one I am rehabbing and one I live in, both will become rentals once I finish it/find my next house. + + +I bought smoke alarms for the rehabbing one and there is an “installed on _____” and a “replace by _____” written on it. The ones in the house I’m living in don’t have any writing, but I just did those ones earlier this year. + + + +I thought “wow, that makes this so much easier!” I filled in all of the new smoke alarms then went back with a sharpie and wrote on the backside of the ones that I had installed earlier this year. + + + +I already bought the same appliances for both houses, so that is (hopefully) going to make something’s easier. + + +Just wondering about any other tips and tricks that make life easier for managing rentals! +Amazon Prime is increasing in price on 15th September from £7.99 to £8.99 pm or £79 to £95 per year. + +> We continue to focus on making Prime even more valuable for members. This is the first time we have changed the price of Prime in the UK since 2014. During this time, we have significantly increased the number of products available with unlimited, fast Prime delivery; added and expanded ultra-fast fresh grocery delivery; and added more high-quality digital entertainment, including TV, movies, music, games, and books. Prime Video in particular has increased the number of TV series and movies on offer, including Amazon Originals, as well as live sports coverage, such as the Premier League and Autumn Nations Series. +work is slow and perfect time to scrutinize every recurring charge you have to save money + +&#x200B; + +cancelled my HBO Max, pest control service, closing out unused credit cards, digital soccer app for one of my kids, home warranty I don't need anymore. $200 a month +You are now confirming the picture MSM has painted of us as a bunch of conspiracy theory lunatics. The sub is SPAMMED with posts and memes about a fire that has no proven link to our beloved stonk, and actually good content about GameStop’s new NFT marketplace is drowning. + +Let the fire investigators do their job. If this has any connection to the DOJ investigation, don’t you think DOJ will get to the bottom of this? + +Downvote warehouse fire, upvote purple circles and actual good content worthy of this sub! + +Make Superstonk Great Again! +I'm not sure what is the right thing to do to help my community. + +Edit: I'm financially secure and everyone in my house is low risk of getting very sick from coronavirus. +The hardest part of investing is controlling your emotions. If you don't know how to do that, then you might sell your stocks too early because you got scared off, or hesitate to buy - and then miss a huge run-up. That's especially important when your stocks go down in value and you start seeing a ton of red in your account.. + +Here are three quotes that really helped me get control of my mental game. Each of them covers a slightly different aspect. Read them, understand them, combine them in your mind, and your profits should get a lot better. :) + +**First, this long but awesome quote from Warren Buffett, all the way back in his 1987 letter to shareholders:** + +"Ben Graham, my friend and teacher, long ago described the mental attitude toward market fluctuations that I believe to be most conducive to investment success. He said that you should imagine market quotations as coming from a remarkably accommodating fellow named Mr. Market who is your partner in a private business. Without fail, Mr. Market appears daily and names a price at which he will either buy your interest or sell you his. + +Even though the business that the two of you own may have economic characteristics that are stable, Mr. Market’s quotations will be anything but. For, sad to say, the poor fellow has incurable emotional problems. At times he feels euphoric and can see only the favorable factors affecting the business. When in that mood, he names a very high buy-sell price because he fears that you will snap up his interest and rob him of imminent gains. At other times he is depressed and can see nothing but trouble ahead for both the business and the world. On these occasions he will name a very low price, since he is terrified that you will unload your interest on him. + +Mr. Market has another endearing characteristic: He doesn’t mind being ignored. If his quotation is uninteresting to you today, he will be back with a new one tomorrow. Transactions are strictly at your option. Under these conditions, the more manic-depressive his behavior, the better for you. But, like Cinderella at the ball, you must heed one warning or everything will turn into pumpkins and mice: Mr. Market is there to serve you, not to guide you. It is his pocketbook, not his wisdom, that you will find useful. If he shows up some day in a particularly foolish mood, you are free to ignore him or to take advantage of him, but it will be disastrous if you fall under his influence. + +Indeed, if you aren’t certain that you understand and can value your business far better than Mr. Market, you don’t belong in the game. As they say in poker, “If you’ve been in the game 30 minutes and you don’t know who the patsy is, you’re the patsy. An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace. In my own efforts to stay insulated, I have found it highly useful to keep Ben’s Mr. Market concept firmly in mind.” + +**Second, the famous Litany Against Fear from Dune, one of the best sci-fi books of all time:** + +"I must not fear. + +Fear is the mind-killer. + +Fear is the little-death that brings total obliteration. + +I will face my fear. + +I will permit it to pass over me and through me. + +And when it has gone past, I will turn the inner eye to see its path. + +Where the fear has gone there will be nothing. Only I will remain." + +**Last but not least, my personal favourite - by Covetous Shen from Diablo-3. :)** + +"Hope... Do not look down, my friend. Even in the darkest of times, there is always hope. Hope for a better day, hope for a new dawn. Or just hope for a good breakfast. You start small, then see what you can get." + +Good luck - I hope this helped you. If you do end up making some extra cash off this advice, no need to thank me - just give some cash to your local charity. :) Or, if you're in Seattle or Toronto, let's hang out! The cider is on you hahaha +An account on OpenSea has been selling free reddit avatars since yesterday, over 92 sales of free avatars in two days and has made near 1 eth in profit. + +all of these avatars have been minted in the last couple of days and are being transferred to the same wallet within hours of having been minted. + +link to account [https://opensea.io/Rexizer?search\[eventTypes\]\[0\]=AUCTION\_SUCCESSFUL&tab=activity](https://opensea.io/Rexizer?search[eventTypes][0]=AUCTION_SUCCESSFUL&tab=activity) + +&#x200B; + +the account in question + +https://preview.redd.it/j3t9f73hplw91.jpg?width=1282&format=pjpg&auto=webp&s=a465988698469b425948a4be2a275b6bfbf2e57a + +some recent activity on the account + +&#x200B; + +https://preview.redd.it/1lp92yhlplw91.png?width=1496&format=png&auto=webp&s=07c1bcc9508d153c49fb268c8e5367bb8a0ca846 + +&#x200B; + +https://preview.redd.it/9qev2hgmplw91.png?width=1820&format=png&auto=webp&s=b4b42a3d80f09049f4cc53d3ba690ee90d62d24e + +if you fallow these transfers all the accounts have the same account history, they receive the avatar from reddit and quickly transfer to Rexier. Rexier then list the avatar lower than the floor price and makes a sale. + +&#x200B; + +https://preview.redd.it/oisqrt2gqlw91.png?width=1700&format=png&auto=webp&s=fb246f6f8c781224a35ba23581f51f303496d72f + +a total of 113 avatars have been minted and sent to Rexier in the last two days. + +Did they figure out a way to get free avatars from Reddit? + +they seem to have figured out a way to cheat the system and are making 0.01 eth an avatar. +DAO hack, Poloniex going back on their word to just allow one time ETC withdrawal and deprecate the losing chain, support from Greg Maxwell and Barry Sillbert all of a sudden, infestation of subreddit by ETCers, ~75% of money pouring into ETC from Bitcoiners primarily, Bitfinex hack leading to Bitcoin dump knowing that money would flow to ETC now instead of ETH like it traditionally has prior to fork. There are too many strings that some are not attached. I can't be the only one seeing this. + +EDIT: Oh, and let's not forget Poloniex not allowing margin trading to allow short selling and creation of downward pressure on ETC. +Look i may not be a certified rocket scientist or weather man or anything that requires a brain. + +I sweep and mop and clean… so trust me when I say… + +I smell shit when it’s around… and guess what! +There’s a whole lot of shit happening right about now! + +But you know what we do when there’s shit? We flush it, clean up and take a fresh clean breath. + +Then go on. + +Be zen my fellow apes. Ain’t shit around here that we can’t clean up ourselves! +Now that my credit cards offer free credit score tracking, in getting a real time view of how bad there credit score system is. Not only do the guidelines which are supposed to be used not reflect a person's ability to manage money and debt, they're often completely ignored or interpreted backwards. + +Here's one piece of nonsense: I'm 40. My oldest account is 22 years old. That's considered average. It's literally the fucking maximum. + +Here's another: my score went down by 18 points when I paid off a credit card. That's exactly what was recommended to raise my score. + +I get that my current employer hasn't been updated in the five years since I switched jobs. + +I don't get how my credit report lists certain accounts as 30 days past due while also reporting that on time record for that account is 100%. + +Fortunately, my score is reasonable and I'm not depending on it for anything right now. + +Anyway, credit reporting agencies are incompetent on multiple levels. +I'm buying a house in a college town to rent out to students. The house is 7 hours from where I live so driving up there is gonna be a bitch. I found a property manager who's going to manage the house in exchange for 10% of my profits. I know that life is full of surprises so realistically how often should I expect that I'm gonna have to visit the location in person? I was aiming for once a year at most. +Morin's simple lifestyle allowed him to stash most of his income in a checking account and certificates of deposit, and his adviser helped him contribute to mutual funds and annuities, "Morin also bought several life-insurance policies over the years, all intended to benefit the university from which he earned a bachelor's degree in 1961." +http://www.cnbc.com/2016/09/14/librarian-secretly-built-4-million-fortune-and-left-it-to-alma-mater.html + And it's everyone's (mine) favorite time of the quarter! [SEC Market Structure Data Update!](https://www.sec.gov/marketstructure/downloads.html) + +Let's see how GME has been behaving when it comes to hidden orders, odd lots, and exchange volume. + +# Hidden Rate + +&#x200B; + +https://preview.redd.it/dn1mikup7zv71.png?width=1199&format=png&auto=webp&s=d229c3d06f506c991c14df06042fcc7e57cbe3bb + +The hidden rate is calculated as total hiden orders / total orders. This order type is used to hide large sized orders (generally), which hides the submitted quantity from the order book. It's also got other nefarious purposes, notably a HFT strategy called [hide n' slide](https://www.reddit.com/r/Superstonk/comments/n1w89c/how_hfts_are_creating_the_180_sell_wall_questions/?utm_source=share&utm_medium=web2x&context=3). + +**GME:** The first thing to note is that the Hidden rate for GME has increased significantly since the Jan sneeze, and has remained high since. I generally use this metric as a proxy for institutional involvement as there's an exceedingly low probability that retail investors know or bother using hidden orders. + +The hidden rate remains high coming into the last quarter, sitting within the 25%-30% band, which to me indicates institutions are still very much active when it comes to trading GME. + +# Odd Lots + +&#x200B; + +https://preview.redd.it/vbbp9i7r7zv71.png?width=1207&format=png&auto=webp&s=b0ef0bad074f2a8b367545b19dd87d1819958357 + +Round lots are multiples of 100, odd lots are anything outside that. A previous post I wrote [here](https://www.reddit.com/r/Superstonk/comments/npv6wy/a_highfrequency_trading_guidebook_to_manipulating/?utm_source=share&utm_medium=web2x&context=3) goes into much more detail about HFTs use them for order shredding and how odd lots relate to the NBBO. + +**GME:** Converse to the hidden rate, I use odd lots as a proxy to gauge retail interest in GME, as the majority of retail are likely buying their shares in odd lots. This allows us to track if there has been any interest lost. + +Has there been? Nope. There's been a slight downward trend, but overall it's remained relatively stable at \~40%. Popcorn stock is much lower, but that's due to the fact it's "easier" to buy in multiples of even lots. + +# Exchange Activity + +Below we have two charts, the first goes into GME's trade volume distribution as a % of 100, while the second has a basket of stocks for comparison's sake. *Please note the legend is inverse to the order of the bar chart colours (I'm lazy, sorry). Y-axis label should also be "Trade Volume %".* + +&#x200B; + +https://preview.redd.it/odmu97ct7zv71.png?width=1219&format=png&auto=webp&s=eef5ff5d4b30ace86b6ec830576c663cd0593015 + +&#x200B; + +https://preview.redd.it/ndi5477v7zv71.png?width=1212&format=png&auto=webp&s=dfbba61fa4517509e500e069fca22ecda968361f + +**GME:** For the most part, there are no remarkable differences between the two. I honestly was expecting NYSE % share to go up as a result of buying directly through CS. So either CS broker's do not go through NYSE or there just is a small number of retail orders coming through so it's not noticeable. I'd place my bet on the latter personally. + +Probably the only notable thing would be that MEMX, which is a new broker founded exchange does over-index a decent amount in GME compared to the basket of stocks. Speculation is that the "founding" brokers aka investors in the exchange likely use it and are also popular among retail i.e. Fidelity, E\*Trade, TD Ameritrade etc... that the likely cause of the over-indexing in my opinion. + +I also look forward to observing how IEX changes over the next quarter given renewed interest from the sub and Fidelity finally allowing us to route orders through them. + +That wraps it up for this quarter, I'll see you next year for the Q4 2021 update. I may do a more detailed post diving into odd/hidden rate by exchange on the weekend. +The way I see it, if I'm going to have my Roth IRA until I'm 65, why not just go for maximum gains? I don't care about huge downturns, I just care what my money will be by the time I'm old. + +I believe doing something like 100% SPY or 100% VTI sounds like I'll have way more gains than if I had a portfolio with bonds, but I see a lot of advice on having a "balanced" portfolio for your risk tolerance in a Roth IRA. Is the purpose of having it balanced/diversified just so in case of emergencies you can withdraw your contributions and not end up being -50% down during a downturn/recession? + +Edit: +My current Roth IRA looks like this: 50% QQQ, 50% SPY. +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! +**In my last post about Bingus I warned you all that a massive pump was very imminent... Since then it pumped over 400%.** + +Bingus is a charity meme-token that strives to make all of its holders **ALOT** of money, while also actively helping to save and rehabilate neglected animals from all walks of life (*win-win situation!*). The token has a 3% fee on every tx; 1% is redistributed to holders, 1% is burned and 1% goes into the charity wallet, to be sold and donated to animal shelter charities. So far the team has donated almost **$10k**, and have a lot more to give, with a **GIANT** donation yet to be announced. + +Speaking of the team, this group of inviduals are the reason I'm personally **SO** bullish for bingus; the main dev is fully doxed and has serious connections in Hollywood. In only 2 weeks the team have secured partnerships with both [Rocky Kanaka](https://www.youtube.com/channel/UCGisihUQxb3_gE7Qzffyp4g), an **emmy nominated massive youtuber** prevalent in the animal welfare space, and [bbno$](https://open.spotify.com/artist/41X1TR6hrK8Q2ZCpp2EqCz), a **billboard top 100 rapper** with millions of followers across his social medias. Also, there are talks of a **HUGE** youtuber / twitch streamer being interested in the project, *but I'll keep my lips sealed about that for now ;)* + +Maybe one of the best parts of this whole thing is the projects **TINY** marketcap and entry price; it honestly feels too good to be true. Add to this the **locked liquidities** and pretty revolutionary **voting system** created especially for bingus, which allows the community to vote for their favorite shelter **WHILE** helping liquidity and it becomes clear that this tiny marketcap is not gonna last for long. In my mind, Bingus is almost a **GUARANTEED** easy **20x** from here, and **A VERY REALISTIC** **200x** in the near future. + +Bingus is still not listed on coinmarketcap, coingecko (although these 2 have both been applied for) or any exchanges bar pancakeswap, so undoubtable pumps from these listings are expected very soon. + +Finnaly make sure you join our [TELEGRAM](https://t.me/bingustoken2official), and join the really solid and friendly community that I've grown to love over the past week or so, we'd love to have you aboard and help us out!! + +**Anyway I feel it's been enough talk, here comes the part that will immediately scroll to if they don't read none of the above:** + +**Holders:** 3,022 (*up 300 in one day!)* + +**MCap:** 2.6M + +**WEBSITE :** [https://bingus.finance/](https://bingus.finance/) + +**PancakeSwap:** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**Twitter:** [https://twitter.com/BingusToken](https://twitter.com/BingusToken) + +**Telegram:** [https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +**Discord:** [https://discord.com/invite/qKdZdd558F](https://discord.com/invite/qKdZdd558F) + +**Chart:** [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**BSC Scan:** [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**Locked liq (RUGPROOF):** [https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC) + +*DISCLAIMER: I am financially invested in Bingus but this is no financial advice, DYOR, I think it will definitely convince you on its own !* +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/) +The 2016 Nobel Prize in Economics has been awarded to Oliver Hart (Harvard) and Bengt Holmstrom (MIT) “for their contributions to contract theory.” + +> Modern economies are held together by innumerable contracts. The new theoretical tools created by Hart and Holmström are valuable to the understanding of real-life contracts and institutions, as well as potential pitfalls in contract design. - Nobel Prize Committee + +**Nobel Prize Committee** + +*[Press Release](https://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2016/press.html)* + +*[Popular Science Background](https://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2016/popular-economicsciences2016.pdf)* + +*[Scientific Background](https://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2016/advanced-economicsciences2016.pdf)* + + + +----- + +**Oliver Hart** + +*[Homepage](http://scholar.harvard.edu/hart/home)* + +*[Interview (Video)](https://www.facebook.com/nobelprize/videos/10153960768109103/)* + +----- + +**Bengt Holmstrom** + +*[Homepage](http://economics.mit.edu/faculty/bengt)* + +*[Interview (Video)](https://www.facebook.com/nobelprize/videos/10153961021729103/)* + +----- + +**Blog Coverage** + +*[A Fine Theorem - Hart](https://afinetheorem.wordpress.com/2016/10/11/nobel-prize-2016-part-ii-oliver-hart/)* + +*[A Fine Theorem - Holmstrom](https://afinetheorem.wordpress.com/2016/10/10/nobel-prize-2016-part-i-bengt-holmstrom/)* + +*[Bloomberg - Noah Smith](https://www.bloomberg.com/view/articles/2016-10-10/an-economics-nobel-for-examining-reality)* + +*[Bloomberg - Tyler Cowen](https://www.bloomberg.com/view/articles/2016-10-10/economics-nobel-rewards-theories-worth-building-on)* + +*[Cheap Talk](https://cheaptalk.org/2016/10/10/economics-nobel-2016-oliver-hart-and-bengt-holmstrom/)* + +*[MR: The Performance Pay Nobel](http://marginalrevolution.com/marginalrevolution/2016/10/performance-pay-nobel.html)* + +*[MR: Oliver Hart](http://marginalrevolution.com/marginalrevolution/2016/10/oliver-hart-nobel-laureate.html)* + +*[MR: Bengt Holmstrom](http://marginalrevolution.com/marginalrevolution/2016/10/bengt-holmstrom-nobel-laureate.html)* + +----- + +**Journalism** + +*["Oliver Hart and Bengt Holmstrom Win Nobel in Economics for Work on Contracts" - New York Times](http://www.nytimes.com/2016/10/11/business/nobel-economics-oliver-hart-bengt-holmstrom.html)* + +*["The science of the deal: Oliver Hart and Bengt Holmstrom win the Nobel prize for economic sciences" - The Economist](http://www.economist.com/blogs/freeexchange/2016/10/science-deal)* + +*["Oliver Hart and Bengt Holmström win 2016 Nobel economics prize" - Financial Times](https://www.ft.com/content/63162862-8ed5-11e6-a72e-b428cb934b78)* + +*["Nobel prize in economics 2016 awarded to Oliver Hart and Bengt Holmström" - Guardian](https://www.theguardian.com/business/economics-blog/live/2016/oct/10/nobel-prize-in-economics-2016-awarded-live +)* + +*["Oliver Hart and Bengt Holmström, 2016 economics Nobelists, explained" - Vox](http://www.vox.com/new-money/2016/10/10/13225874/nobel-prize-economics)* + +*["Nobel Prize in Economics Awarded to Oliver Hart and Bengt Holmström for Work on Contract Theory" - Wall Street Journal](http://www.wsj.com/articles/nobel-prize-in-economics-awarded-to-oliver-hart-and-bengt-holmstrom-for-work-on-contract-theory-1476093193 +)* + + + +----- + +I will add more materials here as they come out. + + + +I’m an undergrad whose interested in quantitative finance and mathematics related to the field. I don’t know all of the topics that are covered in quant finance, but I would assume most of it could be covered in a mathematical finance book, however the books I have looked up are rather advanced and theoretical. + +Do any of you have a good recommendation on books/resources as an introduction to quantitative finance related math topics and mathematical finance? My background is in calculus 1-3, and linear algebra, as well as statistics from probability theory to inference. I also know a bit about regression (simple linear and multiple). +Hi Folks, I’m looking to do a large currency transfer (a few hundred K) from CAD to GBP over the next few months. I’m aware of TransferWise for smaller scale transactions (a few 10s K at a time) and have been using this for a while. Can anyone comment on what level of transaction warrants using a specialist currency broker? Or are the new fintech apps like TransferWise always the best way to go? +There's a duplex that recently went on the market right behind my old university (great potential for students to rent) and it's going for $149,999. Both units are 1 bedroom 1 bathroom and have recently been renovated inside and out (they're beautiful, but tiny!). Rent in that area usually goes for about $500-600. Annual taxes are about $750. I'd probably do an FHA loan where I would have to live in one for a year and rent the other. Houses in that area cost from $50k-$95k since they're all small and not very new. Is this a big red flag? Or do you guys think this duplex has potential? What really drew me to it what that it's walking distance to two higher education institutions. Let me know if you need more info to determine if it's a good or bad idea. TIA! +First time posting, excuse the formatting and spelling ( English not my first language). + +10 years ago I started investing in condos/apartments and for a while it made sense. Now I’m not to sure it’s worth it. + +Overview of investment +PP = purchase price +MV = market value +CR = current rent +MR = market rent + + +1/1, pp $63k, mv $117k, cr $1,100, mr $1,200 + +2/2, pp $98k, mv $150k, cr $980, mr $1,500 + +1/1, pp $90k, mv $120k, cr $950, mr $1,200 + +1/1, pp $97k, mv $120k, cr $1,200, mr $1,200 + +2/2, pp $117k, mv $160k, cr $1,350, mr $1,500 + +1/1, pp $112k, mv $120k, cr $1,200, mr $1,200 + +3/2, pp $190k, mv $340k, cr $1,950, mr $2,100 + +2/2, pp $150k, mv $150k, cr $1,450, mr $1,550 + +1/1, pp $113k, mv $120k, cr $1,200, mr $1,200 + +4/3, pp $250k, mv $389k current home + +TOTAL +Money paid - $1,280,000 ( more than this I’m not including renovation) + +Market value - about $1,800,00 + +Monthly rent income - $11,380 ( after taxes, HOA, repairs, etc comes down to about $9.5k) + +Potential rent income - $12,650 ( not counting expenses + +——————————- + +I haven’t purchase another property in about 2 years, prices have increase and good deals are not that easy to come by anymore. + +About myself. + +38 years old, project manager for a big condo developer in Miami FL, current yearly salary of $120k and every dime goes to savings account. +Between my salary and the investment I average about $16.5k savings monthly. + +Wife, 36 years old, speech therapist doctor, current salary $89k. Our yearly expenses are cover from her salary so we adjust our life to her paycheck. + +3 kids + + +Any advise on new ideas would be greatly appreciated. + +EDIT. Wow you guys have been awesome, right now I’m waiting for a building inspector so reading all your comments has been very overwhelming ( in a good way). + +A few of you have ask time line for purchase and what my plan was. I’ll work on this over the weekend and share it. Most of it it’s careful budgeting, patient and discipline but I would like to share it regardless if it could help anyone I’ll be glad to assist. + +Just as a background my wife started her profesional life as a teacher making 35k a year and me as a property manager making about 40k many many years ago. + +Thank you again for everyone who has taken their time to leave a comment. I’ll be sure to reply to your comments later today. +You do not want to be the guy who buys the latest new coin you heard about on Reddit, and then get dumped on. Because trust me, I've been there, and it doesn't feel good. + +Many people chase gem coins. Well here's a primer, for it to be a gem coin, you have to have got there FIRST, or at least before the major waves. If it's being talked about here on Reddit, then I'm sorry brother, it might be too late. + +By all means, go ahead and invest, but don't expect it to be a 'gem' because that will have been too forlorn. + +Instead, you should keep your expectations based on reality man. As good as the coins we all know and love, there's little chance for Bitcoin to make more than +40% any time soon, so don't come here expecting to be the next millionaire when you're spot trading BTC. + +Gems do work though, and I've seen it work myself. I know many people that have found gems and made thousands, as well as many people who have gotten the rug pulled from beneath them in the process. The problem is that in these gems it is usually too easy to pull the plug, take your wins and go home. + +Which is why trading off known platforms is always better and always safer. Take for example Binance, you could trade a bnb gem off there knowing that Binance have done their homework and research the project on your behalf. Or for example solana prime who you can trust to have vetted the token well, and have even installed an insurance fund that will redeem users in case things go wrong. + +Base your trades in reality and know where to find your 'gems' +We need lightning network on mainnet yesterday. But it very much alpha software and will not be deployed unless it gets tons more testing and dev work. However, not everyone is a developer and even if you are a developer, contributing to crypto is not easy. I was in the same position. + +But there are other ways! I installed Bitcoin Core on testnet and both Lnd and Eclair and tried opening channels, sending payments, closing channels etc. After a day or so, I discovered two bugs, filed them and cooperated with developers in tracking them and fixing them. If you are a bit tech savvy, you can do that too. In the process, you might also discover how lightning actually works and when it really comes, you'll be ready to take full advantage. + +Please go educate yourself: +http://www.lightning.network/ +https://github.com/lightningnetwork/lnd +https://github.com/ACINQ/eclair +https://github.com/ElementsProject/lightning +I’m fairly frugal (don’t eat out much, rarely buy any material things…) but doing my budget this year, I want to save about 10-15% more of my take home pay. + +Anyone who is fairly frugal know any areas I might be overloooking? +I work in cybersecurity in the civilian world and I’m also a reservist. I have 15years in the Navy. My civilian career has taken off and I’m making significantly more than the Navy will ever. I’m 5years away from being able to “retire” from the Navy but I won’t be able to collect the 1200/month pension until I’m 59 (20yrs away). + +Do I stay in the reserves making 400/month (working about 30/month)? + +Or get a second job where I could make significantly more? + +Is the pension worth it? +Since this is me, and I’m a victim of all this toxic productivity, I figured I’d share a quote I just came across. + +To measure the quality of your life, simply do nothing and see how it feels. -Naval Ravikant + +So, I guess I’ll ask. How do you feel? + +I’ve had some guilt around doing nothing lately and this helped me see some clarity. Hopefully it can help you as well. + +It feels great. +I keep seeing this CNBC article around: [Warren Buffett has $128 billion in cash to burn and analysts can’t figure out why he isn’t spending it](https://www.cnbc.com/2019/11/04/warren-buffett-has-128-billion-in-cash-to-burn.html). + +But I can't believe this $128 billion cash pile is actually just cash being held in a savings account at a bank. I wonder if it is invested in bonds and then I wonder which ones (US government?) and at what interest rate? Does anyone know? +1. Now he’s saying after training, you get paid $500. And you won’t even be paid the 25 an hour you were promised before passing the test. + +2. I applied for an appointment scheduler position. Now I’m a salesperson? Um. + +3. The guy is using a university email and not a business email. + +4. You have to memorize a very long packet word for word. Isn’t this unprofessional you are saying the same exact thing to every customer? + +5. This long packet ur supposedly supposed to memorize 90% of the words, while he’s reading, he’s STUTTERING the entire time! Like he doesn’t even know how to read. + +So how illegitimate does this company sound? I’m definitely doing the right thing quitting, right? +Up until now, I have house hacked all houses. So i put 3% down. When putting 3% down, as long as the property cash flows AT ALL, the ROI is going to be pretty good (20%+). + +&#x200B; + +I'm analyzing a deal right now which is a 4BR college rental walking distance from a huge university. + +The Numbers at 15% down would be: + +&#x200B; + +Purchase Price: $210,000 + +Total Down Payment: $33,700 + +Cash Flow (after ALL expenses): $320 + +ROI: 11.4% + +&#x200B; + +... This rental is far away so I have management fees (conservative) built in. + +&#x200B; + +It just seems these numbers wouldn't really be worth dropping $34K for. Or is this a good deal? +The US house and senate have passed the stimulus package, and once it gets signed into law, if you are about to collect unemployment, you will now be receiving $600 more per week for four months than your approved state unemployment. + +So for example, if you are getting $300 per week, you will now be getting $900 per week. Again, this will last four months. + +Please remember that unemployment is taxable income. You will need to report it on your 2020 taxes. The money you are receiving is untaxed. Make sure to plan for next year and try to put a little bit of money aside to compensate for the amount you will have to pay on it in 2021. +Elon musk said he will sell 10% of his TSLA shares. + +Since he has only sold 37% of those 17 million (10.64 million remaining to sell) which has driven the stock down 15.41% - and the 3x long Tesla down by 45.5%. + +My thinking is, to put it all into the short Tesla 3x (which gained 54.5%) in that same week. Assuming as he continues to sell the remaining 63% the stock will drop at least as much as the first week meaning I would hypothetically get a 55% increase. + +Then sell out of the short 3x position as he gets close to having sold all of the shares which he needs to sell. + +What do you think? + +Thanks +I bought at the top of the market at ~ 3,050 before the 20-1 split and I’m thinking about buying more in the short future. I just want to make sure I do it smart this time. I’ve watched vids on people doing the formula, but I’ve had trouble doing it myself. Thank you very much! +Does anyone have an actual guide on how to find and invest into cigar butts? I’d love to know how investors like Li Lu, Mohnish Pabrai, and Warren Buffett found, managed, and sold securities using this method to initially build up capital quickly. + +All I seem to be able to find online is: buy a handful of net-nets trading below 2/3 their liquidation value and hope they go up. This can’t be the actual approach. For example, I know Buffett really focussed his capital into a few key cigar butts, which means he’d need to look at more than just the liquidation value (I’m assuming). +S&P 500 rises to another record on Wednesday, Dow jumps 120 points. + +Powell is expected to make press on economic policy this Friday 08/27/21 +The much anticipated Jackson Hole symposium kicks off on Thursday, where central bankers will potentially provide updates on their plan around tapering monetary stimulus. The Federal Reserve has been purchasing at least $120 billion of bonds per month to curb longer-term interest rates and jumpstart economic growth as the pandemic wreaked havoc on the economy. + +I've heard the saying that when economists say there will be a correction, it is the time to buy. And when the Government (the Fed) says the economy is in a good space, it is time to sell. +This is just all from anecdotal and media. I might be wrong. + +Taper talk is the worry, but if inflation continues to run hot and economic data continues to be mixed the timing of tapering could get pushed,” noted Lindsey Bell, chief investment strategist at Ally Invest. “It’s unlikely that the Fed will force a taper on an economy that isn’t ready, and the outlook is becoming less certain with the rise of the Delta variant.” + +Bell added that the deciding factor could be August’s jobs report due Sept. 3, given that Covid cases have jumped in the past month as the delta variant spreads. + +Several tech companies will report earnings on Wednesday after the market closes, including Dow component Salesforce. Box and Snowflake are also on deck. + +*Barry C. Knapp is managing partner at Ironsides Macroeconomics * + +https://www.cnbc.com/2021/08/24/stock-market-futures-open-to-close-news.html?__source=androidappshare +Immediately ban any shorting of Gamestop. You know, like the SEC did in 2008 to protect the banks during the housing meltdown. If the SHFs have covered, like they say they have, they shouldn’t care about this. Then we can see what the market truly believes that share price should be. Come on SEC. I dare you. I double, dog dare you! You have nothing too lose unless you know something the Apes don’t know. Hmmm… + +Edit: many have suggested that the SEC also stop allowing GameStop orders to be routed through Dark Pools. While I agree with this, any good scientist knows you only change one variable at a time when performing an experiment. So once this experiment concludes then we can move on to performing the Dark Pool one. 🚀🚀💎💎🙌🙌 +Should I sell individual stocks that are losing big time (covid stocks such as Peloton, Futu, Tigr, Coinbase) and use those funds to contribute more into index funds at this time? Or wait till there’s a bit of recovery? +Feelin' Frustrated, Might Delete Later, IDK + +Maybe this should go in r/offmychest, but here I am... + +&#x200B; + +A little history/background about myself: + +* My family moved to the US from Asia when I was a baby. Didn't have much savings. My family has been poor long before I came into the picture. My mom moved me and 3 of my brothers to the US because my dad's father was sick and he wanted to be close. +* When we got here, my parents' marriage deteriorated due to an affair my father had and they got divorced. Mom received child support. +* Mom worked 2 jobs to put food on the table. Once she passed 50, she found it hard to find work. I remembered going days without eating. My brother would take the car and go party with his friends... I guess it was his way of escaping this life. Mom and I couldn't get to the grocery store. Our fridge didn't work, so we couldn't keep fresh food in the house. Lots of roaches. We didn't have heat in the house nor hot water to take showers. We basically had enough for the mortgage and that was it. She was too proud to ask for assistance and I'm not even sure we qualified because she was not a citizen. +* As I grew older, my brothers moved out of the house. After nearly a decade of financial struggles since the divorce, my mom started a restaurant. I worked in it from ages 10 - 18 despite child labor laws. My mom refused to hire enough people and refused to pay me my wages when I could legally work (Age 16). What little I made in tips, I saved. I didn't have a social life in high school because I worked 40+ hours a week. I barely had the energy to study or finish homework because I worked so much. I would get called stupid by some teachers because I seemed so lost during lectures, which totally shot my confidence. I had to drive myself 2+ hours away to take the SAT that started at 7 AM because the testing center in my town filled up. My mom took no interest in my academic success. Needless to say, I bombed it and didn't get into the colleges I wanted. I busted my ass the last year of high school and took AP classes to prepare myself for college. She wanted me to stay and help her run the family business, but I needed to get out of there. We fought a lot. She would guilt me and tell me, "This will all be yours someday." And, "I'm doing this for you." Since my brothers all left and didn't help her. She took advantage of them, too. +* I have this one brother that used my family and me like a piggy bank. He didn't graduate from college and took meager jobs. He's horrible at managing money. Even when he did have a well-paying job at $60k+ a year, he'd blow it all. Then ask us for money. If we wouldn't give it to him, he'd threaten suicide. I remember being 6 years old and begging him not to kill himself over the phone. Once he gets money, you don't hear from him until the next time he wants some. I remember giving him $200 here and there from when I was 14 until I finally put my foot down at 26. He would always call and say he needs money ASAP and that he's living in his car and he needs to eat NOW and get a hotel room so he can shower. You'd have to spend extra and wire the money via Western Union. After you wired it over, he would confirm he received it, wouldn't even say thank you. You wouldn't even hear from him until the next time he needed money. I refuse to give him money anymore, but my mom will still give him a few hundred dollars here and there. +* When I moved away to college at 18, I basically didn't have a job just to give myself a "vacation". I just went to school. However, my parents didn't help me with tuition or expenses, so I ran out of the money I saved quickly. I got a part-time job at the university in order to pay the rent and have food to eat. It was just minimum wage. After a year or two, I asked for some money to fix my car, my mom wouldn't give it to me. She had been collecting my child support from my father without giving me a cent. $500 a month would have helped me pay rent and have food and maybe some more to save for fixing my car when it would break down. As a result, I took out extra student loans just to make things work. I know it was really stupid, but I didn't have choices. I would go to the food bank at a nearby church and spend $30 on an allotment of food. +* In 2010, I graduated after a hard road of working full-time and going to school full-time (it extended my graduation date by a year.) But I was the first in my family to do so. Unfortunately, I graduated at a pretty rough time in the economy and struggled to land a job. Even though I had been employed in the IT department at my university for 5 years, it seemed it wasn't enough. I decided to go back and get my MBA after 6 months of searching. +* During the time I went to grad school, my mom sold her restaurant after almost running it into the ground. As a business student, I tried to help her and would make suggestions in order to increase profitability. She was too proud to take my advice. She walked away with probably about 25% of what she wanted to sell it for. +* I worked full-time during my MBA. I researched, networked, and cold-called; landed my first job in private equity. I got paid almost nothing, but it was good experience. I convinced them to give me a 3-month internship even though they weren't hiring. I did really well and they decided to keep me on another 3 months. But unfortunately, once a large acquisition went through, they didn't need my extra help anymore and ended my internship. I cold-called places again and landed another PE job in an even smaller shop with even fewer employees. It only lasted 2 months before they couldn't sustain me as an employee anymore. +* A few months later, I graduated and went into another field and had probably one of the worst work experience I've had up until that point. The boss would mock other employees in our management meetings (I was one of the managers). The work environment was very stressful and it seemed he hired as few people as possible and stretched them to work insane hours to get projects done on time. I couldn't take the negative environment, so I left after 2 months. I went on a huge anxiety/depression bout and had a long stint of unemployment... 1.5 years. I lost 10% of my body weight and a lot of sleep. I had panic attacks almost daily. It was a horrible time, but I went to therapy and pulled myself out of it after a year. +* From there, I had landed a temp job at another company in their finance department. I got paid $14/hr which was still only $2 less per hour than my previous job. I loved it there, though and busted my ass. I secured a full-time job with benefits and raised my wage to almost $24/hr. +* Unfortunately, 6 months after my promotion, they moved my job overseas. I wanted to go back to the company though, so I basically took the first job that sounded remotely interesting to me. The pay was $18/hr but I wanted to continue my career there, so I took the pay cut. It was in a different department, and I found out that the old department that I worked in was going to be completely offshored, but they all got to keep their jobs as they transitioned things over the course of 2 years. Turns out, my new job was the worst work environment to date. This boss was 10x worse than the other bad one I had. She would mock employees using speech impediments, berate employees in front of the group, create an "us vs. them" culture with other departments, and encourage her subordinates to be mean to other departments. She was notorious for being extremely mean and tenacious. She would ridicule me and others in the middle of meetings. I stuck this out for a few months but went back to therapy after losing sleep and getting my panic attacks again. A few months later, I went to my doctor and he immediately took me out of work the same day and put me on STD for 3 months. He said the stress was doing horrible things to my body. I came back 3 months later and had better tools gained in therapy to help me cope with the environment. Unfortunately, it was still terrible despite me going to HR and reporting my boss' bad behavior throughout the past year. I couldn't take it anymore and decided to quit after 1.3 years. + +&#x200B; + +Now: + +* I am 32F. Unemployed. Feeling dismal about my situation. +* I feel like my life has been a constant struggle and it seems like I seldom have a good thing going for very long before something catastrophic happens. +* I've never made over $36k in a year. +* I know it's not good to compare myself to others, but I've worked my ass off and still have a hard time seeing the benefits of doing so. My NW is barely $33k. I feel like FI is so far away and that I'll never get there when I want to. I read posts on here and see the "*I'm 22 and I have $70k in NW and I'm sad*" posts and I just want to scream. My NW is half of that and I am a WHOLE DECADE OLDER. Makes me feel like shit, honestly. +* I live with my boyfriend and he basically allows me to live here rent-free. (We live in a $90k condo and he makes $80k - 90k/yr and has been for the past 6 years). I do what I can to help out and do all of the cooking, trying to cut down on the food budget. We've been together almost 11 years now and he's helped me through so much. I'm very grateful to him and I feel like if he wasn't here, I wouldn't be able to make it. I feel guilty and I try to have lots of conversations with him about rent, but he always tells me not to worry about it. +* Right now, I am learning new skills and applying for jobs like crazy. But I feel this cloud looming over that I'm somehow flawed and unable to make more money. I've felt that I've always had to take a lower wage for the sake of experience. But it seems as if it has never paid off. I feel like every 3 steps forward, I take 2 back. +* I'm just so FRUSTRATED. It feels like FI is so far away and I'm so sick of seeing posts of people doing so much better than me. As I've said, I know it's not good to compare yourself to others, but I catch myself doing it a lot and I just get really depressed and cry. + +&#x200B; + +I think this was just a way for me to vent. Maybe I want advice? Maybe you want to commiserate with me? Maybe you want to tell me to suck it up and stop being such a bitch? All I know is I just feel awful and I know I should be grateful for what I do have, but it just gets so hard sometimes and I don't know what the problem is. + +&#x200B; + +Thanks for reading, friend. + +&#x200B; + +**UPDATE 5/13/2019:** + +Wow! Let me just say the response has been overwhelmingly positive and I am very grateful for all the kind words and encouragement! It also has helped me open my eyes to see that I am actually doing great :) + +With all I've been through, you would think I would remember how far I've come. But maybe I bury the past because I don't like the feelings it stirs up; stress, worry, lack. I will try to address these in therapy. I think it is key to moving past this barrier. Part of the reason why I wanted to spill out all this history was to show myself what I've been through. It may sound like I'm just a complainer, but it was truly cathartic. And with everyone's positive responses, it helped me see that I really have made it far even if I am not exactly where I want to be. I just have lofty expectations. Thanks for reading what you did and I hope you get some benefit out of it. + +**If nothing else, I hope people in my similar situation read this and see that it's not always as easy. I think the majority of posts on here paint this picture that FI is just getting a good job and saving more than the average person. But that in and of itself is not as easy as it seems. For the posts that say, "I have a $X NW at Age XX", we seem to just see the numbers and don't really see all the hard work and sacrifice that really goes into it.** + +As for my boyfriend, he gets a daily hug and extra squeeze from me when I go through harder times. He is unwavering in his support... A shoulder to cry on, an ear to listen, and offers great advice. I let him know how grateful I am to him as much as possible. He really is awesome :) + +**FYI:** Since some people have asked, I have a B.S. in Economics. I'm working toward a career that involves statistics and econ. I am currently taking R programming courses as well as SQL on DataCamp. I wouldn't be opposed to going back to finance, though, as I did enjoy all the jobs I've had in that field. +Following on from another recent post about the financial benefits of marriage, I thought it would be worth mentioning you don’t need to spend thousands on getting married, but you can do it for less than £150. + +To get married in the UK you need to give notice and there is a statutory fee of £35 each. + +Then there is the registry office, for which most registry offices appear to charge hundreds of pounds for the ceremony. + +However what they tend to hide away is that all registry offices in the UK are legally obliged to offer a ‘statutory ceremony’ for which there is a set fee and with a marriage certificate only costs £67. + +For example - https://www.westminster.gov.uk/birth-and-death-certificates-marriages-and-citizenship/planning-your-ceremony/statutory-ceremonies + +Of course there are some limitations, such as only being allowed two guests who have to act as witnesses to the ceremony, limited days the ceremonies are offered, and no music or photos in the office, but none of that stops you taking photos outside or having a meal / party with family and friends afterwards. + +Anyway, just mentioning it in case it is helpful to anyone. + +Edit: Just to add, my wedding last year was very similar but slightly different. + +The two of us ‘eloped’ to Gibraltar and got married in the registry office there. Still only a couple of hundred pounds for the marriage fees, but then tacked it onto a holiday. + +One of the advantages of Gibraltar is no requirement to give a month’s public notice like in England (as John Lennon and Yoko Ono discovered back in 1969) - turn up, get the forms signed, and get married. + +The only rule is you need to spend one night in Gibraltar before or after, and even that is waived if you are on a cruise ship docking there. And the certificate is in English so no need to get it translated for any official use you need it for afterwards. +We retail traders for sure can't move the market, big banks are there to manipulate every single up and down and keep us hooked in the game (let the dumb money win once a while). What are your thoughts on this? +I got about $50k in cash that I don't need for a year or more and I'd love to put it all in I-bond. I already bought $10k worth. + +I read posts about people creating trusts to buy more I-bond but it just seems so iffy. I will however be starting a business so I guess I can buy more I-bond for my business. + +But has anyone bought more I bonds using multiple accounts? I'm new to this. How do you get money out of it after the year is up? + +Thanks +On July 5th 1932, in the middle of the Great Depression, the Austrian town of Wörgl made economic history by introducing a remarkable complimentary currency. Wörgl was in trouble, and was prepared to try anything. Of its population of 4,500, a total of 1,500 people were without a job, and 200 families were penniless. The mayor, Michael Unterguggenberger, had a long list of projects he wanted to accomplish, but there was hardly any money with which to carry them out. These included repaving the roads, streetlights, extending water distribution across the whole town, and planting trees along the streets. + +Rather than spending the 40,000 Austrian schillings in the town’s coffers to start these projects off, he deposited them in a local savings bank as a guarantee to back the issue of a type of complimentary currency known as 'stamp scrip'. This requires a monthly stamp to be stuck on all the circulating notes for them to remain valid, and in Wörgl, the stamp amounted 1% of the each note’s value. The money raised was used to run a soup kitchen that fed 220 families. + +Because nobody wanted to pay what was effectively a hoarding fee, everyone receiving the notes would spend them as fast as possible. The 40,000 schilling deposit allowed anyone to exchange scrip for 98 per cent of its value in schillings. This offer was rarely taken up though. + +Of all the business in town, only the railway station and the post office refused to accept the local money. When people ran out of spending ideas, they would pay their taxes early using scrip, resulting in a huge increase in town revenues. Over the 13-month period the project ran, the council not only carried out all the intended works projects, but also built new houses, a reservoir, a ski jump, and a bridge. The people also used scrip to replant forests, in anticipation of the future cash flow they would receive from the trees. + +The key to its success was the fast circulation of scrip within the local economy, 14 times higher than the schilling. This in turn increased trade, creating extra employment. At the time of the project, Wörgl was the only Austrian town to achieve full employment. + +Six neighbouring villages copied the system successfully. The French Prime Minister, Eduoard Dalladier, made a special visit to see the 'miracle of Wörgl'. In January 1933, the project was replicated in the neighbouring city of Kirchbuhl, and in June 1933, Unterguggenburger addressed a meeting with representatives from 170 different towns and villages. Two hundred Austrian townships were interested in adopting the idea. + +At this point, the central bank panicked, and decided to assert its monopoly rights by banning complimentary currencies. The people unsuccessfully sued the bank, and later lost in the Austrian Supreme Court. It then became a criminal offence to issue 'emergency currency'. + +The town went back to 30% unemployment. In 1934, social unrest exploded across Austria. In 1938, when Hitler annexed Austria, he was welcomed by many people as their economic and political saviour. + + +source:http://www.opednews.com/articles/A-far-more-efficient-econo-by-Bart-Klein-Ikink-081104-808.html +My mother is very sick, dying in the hospital. She foolishly did not buy a Medicare Supplement or a Medicare Advantage plan. She was very healthy at age 65 and did not think spending the money would be needed. She always said, that Medicare paid about 80&#37; of her health care expenses, that is good enough. + +Now she is dying and broke with medical care expenses eating up all her savings. Now it is her families responsibility to pay the bills. My sisters want to keep her alive another day \(and anther day after that.\) with very expensive medical procedures. I say let her go. They call me a killer. + +Anyone else face a huge hit to their financial independence in retirement due to huge medical costs of their parents? How do you decide if you want to spend the money to keep Mom alive just one more day, even if she is suffering? + +We don't know what Mom would want because she is out of it. No directives. + +Everyone in the family has spent tens of thousands to keep her alive during the last year. The amount Medicare does not pay is incredibly high in the very complex surgeries they say she needs to live another day or week, but the hospital wants to keep her alive because it makes them rich. +Your gme shares are priceless, please understand that. + +In a capitalistic system supply and demand is supposed to determine the value of things. That price can be subsidized or held up or pushed down. Through greed, they, THEY have made your shares priceless. + +They could have taken the loss in Jan, but that concept is so foreign to them they literally said, "Let's potentially destroy the economy," rather than lose and let regular people get any of their money. + +GME is trading at 146$ someone has to buy tens of millions of shares and we have the shares, they could drag GME down to 30$ but they still have to buy them, it doesn't decrease the actual value. They want the shares more than anything, they feel like we should give them gme for nothing. This is their ego and mentality. + +the endgame is scary, but don't let them convince you your priceless possessions are worthless. + +My dog is old and dirty, nearly blind, but priceless to me. If some billionaire tried to buy her, there's literally no price that I'd sell for. + +DON'T BE THE PERSON WHO SELLS A DAIMOND FOR NOTHING BECAUSE YOU SEE NUMBERS MOVING DOWN OR UP! We've read the DD, we know what our stock is worth. + +right now you can buy something priceless for 146$ and they are hoping people are too stupid to do it. + +BUY, HOLD. + +You know what, I don't know if I will ever sell. +Background: I (20s f) work in IT, specializing in the implementation of a large SaaS platform. I currently work at a large firm with a good reputation and name recognition, but am passively looking at options for my next career move. + +I interviewed with company A after throwing an application their way, with the intention of brushing up on my interview skills and seeing where it might lead. Interview went great, as did the accompanying peer interview the following week. Hiring manager and I discussed salary, we were both on the same page, all that good stuff. For reference, I hold a couple of certifications and have worked successfully in technical roles for almost four years. I feel it's pretty apparent that my resume and interview skills reflect my ability to work with the platform in question. + +Here is where it gets weird-- company A's hiring manager tells me that as the next step in their process, I am assigned a "project" that will "show my technical and consulting abilities" to company A. The project in question? A literal 30-40 hour commitment that requires large scale platform architecture/building, a 30 minute presentation (with a custom slide deck), and 30 minutes allocated for "questions" at the end of the presentation. I almost choked on my water when I read the email. + +At my normal hourly rate (roughly calculated based on my current salary), this amount of work would net me about $1,800. Honestly, I don't plan on doing this assignment because I think it's outrageous. I'd be happy to have a quick 1-2 hour call with some of the team to demonstrate my knowledge of the platform, but 30-40 hours is ridiculous, especially considering that the company might ghost me, or worse-- take my ideas and implement them for their current customers. + +My friends have told me to tell company A my hourly rate and ask for an address to send an invoice to... which I think is kinda funny, considering that I do not care about the job any longer and maybe could make a point to the hiring manager. But realistically, what should I do? Is this type of work even legal in the US? I've never seen such a large ask from a potential employer with no indication of compensation. + + +EDIT: Thank you for the wonderful advice given prior to the thread being locked! I've sent the company an email politely declining the offer. I do not plan on pursuing this opportunity any further, and I'm also aware that I'm probably being underpaid despite working at one of the Big Four (yay for being a woman in tech!). Anyway, thanks again for your support-- I hope everyone has a great weekend :) +Obviously it seems like money and financing are going to be the main barriers to entry here and you're probably not gonna be making £50k+ profit on your first house. + +How would you get started in terms of financing? I doubt you're going to use a traditional 30 year mortgage if you're only going to be keeping the property for like 6 months? +Right now there is no fee war going on with various brokers. Meanwhile in UK the big platforms still charge ridiculous amount to trade. + +UK really needs a disruptor in this space. I would love to trade US options as well. +I only got my first full time job last year, after living my entire life off 0-hour contracts, UC, furlough and student loans, and any time I've tried to put money aside, I'd take it back out a week later. However, at the start of this year, I vowed that I'd put away at least £500 a month into my cash ISA, and get £6000 in my account by the end of the year. And I did it! As of now, I have £6100 in my savings, and that's after dipping into it several times throughout the year for a trip abroad, birthdays, Christmas, emergency costs, etc. While this money isnt anything in the grand scheme of things, I'm really proud of myself for actually saving it, and it's such a relief to know that the money in my bank isn't the only money I have, and that my savings exist as a safety cushion. My long term intention is for my savings to go towards a deposit for a flat/house, and I know that I'd need to basically be a millionaire for that to be a reality, I'm a step closer. + +Sorry if this comes off as bragging but I'm just happy to be financially stable for the first time in my life without feeling like I'm always on the razor's edge, or feeling guilty that I'm leeching off my parents. It's just nice to have that little bit of control in my life. + +Edit: thanks for all the nice comments, I wasn't really expecting this many people to respond! I'm a massive noob when it comes to finances so I have next to no idea about the different account types; my cash ISA was originally made just for the sole purpose of being able to compartmentalise my money so I appreciate the advice some of you have given! +If the title isn't enough to make you buy in then just continue fucking reading. + +✅ 16,000+ holders +✅ $14 million marketcap +✅ Got TRENDING in Australia on Twitter ORGANICALLY!! 😱 +✅ TONS OF FREE PUBLICITY being received which has resulted in CumRocket feature in HypeBeast and Bezinga articles, as well as memes being shared around high following crypto accounts +✅ Listed on Coinbase, CoinMarketCap, Blockfolio, Delta, LiveCoinWatch +✅ Already partnered with over 12 of the hottest content creators to create 18+ NFTs! +✅ CUMROCKETs OWN NSFW NFT MARKETPLACE is being launched by the end of the week! +✅ Liquidity locked for a year and 50% of dev wallet locked for 2 months +✅ Non-anon female creator and TikTok content creator who just quit her job to work on CumRocket fulltime!! + +TOKENOMICS: +🔥 2.5% burn +💰 2.5% redistributed to holders + +🛫What's on the way?? + +- CUMROCKETs OWN NSFW NFT MARKETPLACE coming by the END OF THE WEEK! +- Partnership with a 789k adult content creator being announced +- Another NEW brand ambassador to be announced +- First LIVE AMA: Friday 30th April +- Audit incoming! (Solidity) +- Press release covering our project being submitted! +- Crypto youtuber with 210k subs posting a promo video that will be out Friday! +- Pancakeswap and trust wallet logo imminent +- BSCscan logo and details imminent +- CMC marketcap information is being updated +- CG listing submitted +- Poocoin banner ads soon +- Big marketing push, hiring a full time marketer, creating more tiktoks, collaborating with influencers! + +🤑 Buy on PancakeSwap - set slippage to 6%: +https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x27ae27110350b98d564b9a3eed31baebc82d878d + +📈 Poocoin Chart: https://poocoin.app/tokens/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d + +💦 Website / whitepaper / roadmap: +https://cumrocketcrypto.com/ + +💦 Telegram: +https://t.me/cumrocket + +💦 Discord: +https://discord.com/invite/Tett4kJsKN + +💦 Twitter: +https://twitter.com/CumRocketCrypto + +💦 CoinMarketCap: +https://coinmarketcap.com/currencies/cumrocket-crypto/ + +💦 Verified Contract: +https://bscscan.com/token/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d + + +Tl/dr - everyone loves boobies. Do not underestimate the power of the simp dollar. Also the models are hot as fuck and you can chat to them on the Telegram/Discord 👀 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Throwaway because this is a lot of personal information, but I'm way over my head + +My father has terminal cancer. He has weeks to months left- it's hard to tell. I just found out today that he has been throwing away all his medical bills because he doesn't see a point in paying them. He has insurance, but they are still in the thousands because of multiple hospital stays. He is 62 and has a pension, but it's not much. He cannot afford these bills, which is why he's throwing them away. + +He has a small life insurance policy, and no other assets. I know he has a credit card, so I'm assuming there's debt there too. He gets a pension, but I don't know how much or where that is going or what they are spending it on. He was behind on all his bills, and I've paid three months of back rent plus September ($7,200), the cell phone bill ($315), and the car insurance ($341) as those seem like priority for now, but I don't have unlimited funds. + +Will there be severe repercussions for this? The life insurance is important because we need that for burial expenses. I've spent almost 10K in the last week just on these bills, food shopping, basics like sheets and pillows for my dad's bed, etc. This is most of my savings; I don't have much left. + +Also, I still have two half-siblings who are only 18 and 19. Their mother was an addict who left when they were very young. My father is their sole support. I live about an hour away, and they already said that they do not want to move to my area. After my dad passes, are they eligible for anything? One is in college (lives in the dorms during school year), the other works part-time at a grocery store and just graduated high school- he is not going to college but is considering trade school. They are adults but they are not self-sufficient yet. + +Sorry if this isn't the right place. I've never had to deal with this, and nobody that I know in real life knows the answers, and I feel extremely overwhelmed. + +EDIT: I cannot thank you all enough. I am much better prepared to handle the finance side of this now. I'm extremely grateful. I'm so surprised and thankful for the response here- when I logged off yesterday, I had a few replies and I was grateful. I was shocked to log in today and see all of the replies. I'll never be able to reply to everyone, but I am very, very appreciative. +I'm sure most of you have seen the SEC enforcement action against multiple firms for record keeping violations. + +&#x200B; + +[SEC enforcement Tweet](https://preview.redd.it/wcrnsk2z1hq91.png?width=1170&format=png&auto=webp&s=7fdd6257858f0101d7f1910e173f775b4967da53) + +Lets dig a little deeper, because this is bigger news than I originally thought. + +[https://www.sec.gov/news/press-release/2022-174](https://www.sec.gov/news/press-release/2022-174) + +They fined 16 Entities a combined $1.1 Billion. We're used to seeing announcements like this, and usually they are nothing-burgers. But this one has some meat to it. + +&#x200B; + +[Admitting Wrongdoing](https://preview.redd.it/xi9wqcrg2hq91.png?width=565&format=png&auto=webp&s=b83a4bcd4ec794c30c9b26ba3e2dbba2e901fc4b) + +Usually with these enforcement actions, there is no admission of wrongdoing. That isn't the case here. Which means this can be proof that recordkeeping was incomplete during subsequent investigations, meaning it will be very difficult for anyone to claim ignorance or virtually anything. + +The next big thing is where this originated. + +&#x200B; + +[https:\/\/www.sec.gov\/news\/press-release\/2021-262](https://preview.redd.it/rtdgx6yw2hq91.png?width=577&format=png&auto=webp&s=237279a347cc23a8415c1f111fef09418d676b67) + +This started with an investigation of JP Morgan for the same thing. + +Now look at the dates. + +&#x200B; + +[Dates of investigation](https://preview.redd.it/w25qql053hq91.png?width=275&format=png&auto=webp&s=239beffe16d74ee92df59745788160ed8b0aa95e) + +So the lead up to and the events following the sneeze. These are the same dates they were looking at in the JP Morgan investigation (expanded a bit). + +Now lets think about the implications. + +The only way to notice the lack of something is to be looking for it. And the only reason to be looking is because the regular communications had holes big enough that they had to be intentional. + +So the SEC was looking into JP Morgan's communications around the events of the sneeze, and noticed missing communications and opened the scope of the investigation to almost everyone, and found that everyone was missing records. + +And one more nugget at the end. + +&#x200B; + +https://preview.redd.it/d5eifauv3hq91.png?width=573&format=png&auto=webp&s=d98bf0d925e87f44e1ef8cfba44318b9e6307642 + +The CFTC also announced an enforcement action at the same time. + +[https://www.cftc.gov/PressRoom/PressReleases/8599-22](https://www.cftc.gov/PressRoom/PressReleases/8599-22) + +&#x200B; + +https://preview.redd.it/gldv4i224hq91.png?width=593&format=png&auto=webp&s=f2719a2f2784a8803b0fab999fbf8554da87e59f + +So not only did the SEC increase the scope of an investigation of events around the sneeze, they brought in the CFTC because swaps and futures were involved as well. + +Any of this starting to sound familiar? + +This may not be the nothing-burger we are used to out of the SEC enforcement actions. It looks like the dominos are falling. + +&#x200B; + +Edit: Shoutout to u/manbrasucks for sending me down this path in the comments of one of the SEC posts. +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). +You expect me to go a full 18 hours without checking markets??? Fuck you ASX. + +SPY in the US gets like an extra hour of trading but ASX is like nah sorry mate, you're gonna have to wait to lose money on Z1P until 10am and then we're gonna have to stop you at 4pm. And not even. Z1P trades for like 5min less bc of some retarded delayed openings according to alphabetical order or some shit. What a fucking joke. + +Thank fuck for S&P futures. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your 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) +&#x200B; + +I have today had a sudden life realization upon being unemployed and quarantined. **OBSESSING OVER MONEY WILL NOT MAKE YOU HAPPY!** + +I've been subscribed to this whole philosophy for as long as high school. During that time I would completely shut myself away from the outside world if it wasn't related to studies. Studying would be all I ever did with the exception of Saturday nights in hope of good grades so I could attend a more competitive career thus more money. It would be a constant chase for the unobtainable to one day finally be financially independent. And I would even live in ghetto apartments to early adulthood to save more money regardless of income. + +I applied the same mentality of discipline after HS and to the professional life as well. All I did on the weekends were waking up, go to work, go home, eat sleep then repeat. All I did on weekends were trying to spend as little money as possible and meal prepping for the upcoming week. I would just wait out the weekends and prepare for upcoming work. + +I lived like this for over 10 years until I got unemployed and was forced into lockdown. I get an orgasm every time I check my portfolio but get depressed once I glance at all the things I missed out in life. My work is such a big part of my identity that once I lost it I have nothing to live for besides my money regardless of what work opportunities I have. + +In the pursuit of FIRE I realized I have missed out so many opportunities to bond with potential friends and a future partner during the process of FIRE. Lonlines and depression is starting to creep in. + +I also realized in the pursuit of FIRE that I have missed out so many opportunities to broaden my life experiences. I can't partake in most small talk that's not work related. I feel obligated to lie about myself to not appear shallow. Whenever someone talks about their love lives, traveling, dining out or whatever it may be I just shy out of ignorance. + +If your life is not fulfilling at the present you will not feel any difference once you're FIRE. Live for the moment but also for the future. Focus and live for the present before focusing on the future. + +I'd rather sacrifice some part of my net worth upon my death bed in order to not die without friends and family and dying with life experiences. + +Anyone else thinking they should have lived life more? + +&#x200B; + +Repost since I didn't had enough karma to post last time. +So the last SGB tranche was issued on 30th August 2022. RBI issued these bonds at a discount of Rs 50 per gram of gold. However, it seems that these bonds are for sale on Kite as well. I just wanna know the drawbacks of buying gold this way, because it seems too good to be true. + +1. Suppose i buy the bond now, will i get the 2.5% interest corresponding to this half of the financial year? Since interest is credited semi annually and annually. I'm just interested to know how the rbi will know that i now own these bonds having bought them on kite. Also, i can take advantage by buying the bonds like a few days before first interest payment so that I can put that money elsewhere for the first 6 months. + +2. Why is there a discount? Like, there must be a reason the seller is selling the bonds for less than what he bought it for from the RBI (apart from a short term fall in gold prices). Or is this a "free lunch"? + +3. I can sell these bonds anytime i want right? Unlike the minimum 5 years and maximum 8 years prescribed by RBI if i buy the bonds from there. Which means the only disadvantage of SGB over Gold MFs, i.e. the soft lock in period, now disappears. + +4. Will i still get a ltcg tax exemption if i sell the bonds on maturity after 8 years, as is the case for direct purchase? If so, how do I claim this deduction, given that the entire transactions take place on kite, making it possibly difficult for rbi/itd to know that this particular capital gains transaction is tax free? By simply not including it in my tax return? + + +5. (Edit) since the bonds were issued from the same tranche, no matter when I purchase them, the maturity WILL come in August 2030 with a tax free return right? And this sale on maturity will be to the RBI right (as opposed to selling them on kite). + + +Would also appreciate any pointers on the very idea of buying SGB. I have a moderately high risk appetite given that I'm living in my parents home at a young unmarried age. But i wanna hedge the possibility of markets falling with the resultant gold price rising, guaranteeing that i do not lose much money in the long term. I feel SGBs are the best way to buy gold, thanks to the interest and the rbi provided discount on the price of gold. Thanks in advance. +>Securities and Exchange Board of India (SEBI) has directed the Mutual fund distributors to have a 2-Factor Authentication (2FA) for all redemptions and switch outs effective from June 1, 2022. This 2-Factor Authentication has to be done on the mobile number updated in the Mutual Fund Folio. +> +>To honour the redemptions and switch outs, please update the same mobile number updated in the Bank Account mapped to the Folio. We would send the OTP for the 2FA to the mobile number updated in the Bank records. +> +>In case there is a mismatch between the mobile numbers on which the OTP is sent and the AMC records, the transaction will be rejected. +> +>For any query or assistance, you may contact our Customer Care on 1860 120 7777 +> +>The above may be ignored if the mobile number updated in the Bank and the Mutual Fund folio is the same. +> +>If the mobile updated with the Bank and the Mutual Fund Folio is different then, please visit the MF central link to get it updated. [https://app.mfcentral.com/investor/signup](https://app.mfcentral.com/investor/signup) + +Got this through ICICI Bank, thought I should post it here in case people did not know about this. (like I did not) +Hello all ! I know that in this group, we mostly concentrate on Equity investments. But I would like to know if any of us have invested in other avenues apart from Equity and debt. Did you succeed ? If not, then what happened ? +I'm posting this just out of interest. I was wondering how much people contribute per child, how old their children are and what the total amount saved is? + +**Children('s) age:** 18-months + +**529 total:** $2.2k + +**Contributions:** $100 per month from us, around $150 a month from grandparents. + +**Goal:** Cover fees for a state university and basic living costs for our daughter and any future kids. + +**Additional savings:** $7k in a UTMA. $200 contributions from a grandparent. +I dropped out of college and work for a military computer manufacturing company. I am debt free, drive a used car, and never missed a credit card, car insurance, or any form of payment. + +My parents want me to live at home but not going to college has taken its toll on me and I need to live a little and get out. They offered no helped in looking at housing or explaining what I will actually owe when I buy one. + +I was looking at a couple homes in the $120,000 range but I am really scared about getting screwed over since I am first time buyer with a sizeable income. I guess I am wondering what I should expect. From what I have read it sounds like 20% down is normal. + +As far as interest and loan term I am completely lost and have no idea what I may owe. I just want a rough idea before I make any appointments or sign away my soul. Any suggestions when from you bought your first home? + +Michigan, Macomb County area if that helps +Would you rather buy 3 (studio/1 bedroom apartments for $250,000 each) that rent for $1,400 each (total adds up to $750,000 and $4,200 in rent) or one 3 bedroom house for $750,000 that rents for $4,200. This is in my area. And why? The ratio is the same. I’m aware I can get better returns in other states but I prefer local. +I am in a large city in the midwest and house prices have climbed over 25% since the Pandemic started and almost no inventory. The market is super hot here and homes are sold within days. + +For many years, I have wanted to buy a high-rise condo that has spectacular city views. These condos were $300k in 2014 but now are listed for over $500k + +The HOA fees is about $800-1000 per month. It is a large condo high-rise, 25 floors, built in 2009, I am guessing over 100+ units. + +In 2021, there were only 3 units listed that are unsold even in this market. And last week I see 10 more units listed from the same building. I thought this was a bit unusual. + +&#x200B; + +What could be happening here? Any insight into this greatly appreciated. +Hi guys! + +I purchased my first single family home in 2018, lived in the home for 2 years while renovating and signed a lease in 2020. I purchased my second single family home in 2020 and am currently living in it & renovating, and will rent out end of this year. + +I intended to do this again end of this year, beginning of 2022 and am financially able to comfortably do so with 5% conventional. This of course is possible due to the home being primary residence. + +The properties cash flow $800.00 & I am doing this in an area of Connecticut I feel comfortable and am able to with home prices in the $200k range. + +Situation: I have a job opportunity in central coast Cali, somewhere the housing market is much higher and I am not as comfortable with, and I will not be able to utilize a 5% loan to purchase back in CT as my residence will be in Cali......I could buy in Cali but based on my research, my income will not support what I'm doing in CT in Cali. Is there any other possible way to continue what I was doing in CT or must I figure out a way to do so in Cali? I hope this post isnt rhetorical but I figure it couldn't hurt to gain perspective. + +\*moving to Lompoc/Vandenburg area +Why? + +--- + +EDIT001: If you may share how much is or was your manual trading gaining in percent per annum VS how much is or was your algo trading gaining in percent per annum? Also include max percent drawdowns of both if possible. +My extended family are all farmers. They are really worried about how they will get the fruit picked this spring and summer. Some of the positions start in 2 weeks and some include accommodation. + +Usually Europeans would fly over. Not this year. If you live in or near Angus, Moray or East Lothian contact your local fruit farms. + +Or, some of the jobs are listed here +https://www.nfus.org.uk/coronavirus/employment-opportunities-on-farms.aspx + +You would be a key worker if you worked on the farms. + +Good luck everyone! +Hi UKPF. My partner and I recently got married, it was bloody expensive, worth every penny but it’s rinsed us both pretty good. +I’m a PhD student due to submit in a few months, with a job lined up for the end of October so right now income isn’t great but I know this is only temporary. +Right now we both have slightly eye-watering credit card bills that we can’t easily immediately cover. We’ve never not paid CC’s off in full before, wondering how bad this would be for us if we left a bit on there for a month or two (still paying well over the minimum repayments). +We could use some money we’ve been gifted as wedding gifts to pay ourselves out and write an IOU to ourselves knowing in 2 months our situation will have improved again. +Alternatively I think we could get a balance transfer CC? But this isn’t something either of us has done before. + + +Masters level statistics, finance and economics courses have not influenced my trading nearly as much as a game of skill. Gamers need to constantly asses their opponent. I play is chess, but poker, video games and many sports require this skill. + +Novice chess players only focus on their plan of attack and they are blindsided because they are not paying attention to what their opponent is doing. They are not able to see more than a couple of moves ahead and their game is reactionary instead of anticipatory. + +In chess you have to constantly evaluate the board. If I make this move, the opponent is likely to respond with this. If they respond with this, then I will counter with this. The deeper your vision, the more successful you will be in chess (or trading). I am constantly planning ahead and I watch my opponent’s (the S&P 500) every move. + +Before I start the day I evaluate the overnight news (domestic and international). Sometimes there are material news events and other times there are not. The key is not to get blindsided by your opponent (the market). I analyze overseas market moves to see if they are providing a springboard or a market drag. I look at bond charts to gauge interest rates. Then I conduct technical analysis on a daily chart. What is the current momentum? Is there a strong trend? Is the volume heavy or light? What do the daily candles tell me? If the candles are compressed it tells me that I should not expect big intraday ranges. If the market is trending higher it tells me I should favor the long side. If the candles are red it tells me the closes are lower than the open and that I do not have to chase gaps higher. + +In the chart below my conclusion is that the longer term trend is higher and I should favor the long side. The market is currently compressing so the momentum has waned. The candle from two days ago reversed sharply forming a bearish hammer. That tells me that there is resistance at the all-time high. The bodies of the candles are fairly small and the volume is fairly light so I should not expect a big intraday move. The red candles tell me not to chase opening gaps higher because the close is lower than the open and if I am patient I will have a better entry point for my trades. Notice I have not even started considering the market move today, let alone zeroing in on a stock. + +&#x200B; + +https://preview.redd.it/vga2x09lod281.png?width=651&format=png&auto=webp&s=894bbd24bdf82a7c4832779f024c8102528e7108 + + + +When I start looking at current market conditions I am trying to put the current move into the longer term context. Is this an inside day? Has the market been able to stack candles in either direction? What is the volume like? Are there any longer term moving averages or trend lines (horizontal or diagonal) that come into play on the intraday chart? + +In the chart below I can see long tails and a mix of green and red candles. The volume is light and we are in pre-holiday mode. The market is inside of the prior day’s range so I should not expect big directional moves. The stacked long green candles after the test of the prior low followed by the bullish hammer tell me that there is support at the low of the day. The mixed green and red candles are overlapping and that is a sign that the trend strength is weak. If I take a position in a strong stock I should set passive targets. I might not have to worry about the market rug getting pulled out from under me, but I should not expect much of a market tailwind. That means the stock will need to do all of the heavy lifting. + +&#x200B; + +https://preview.redd.it/jjooyhdwod281.png?width=934&format=png&auto=webp&s=fccba6e9cbcf1f8e226a20927be7ccc30b2f2fed + + + +The market drives your trading decisions. It tells you if you should be long or short and how passive or aggressive you should be. View the market as your opponent and apply your gaming skills. You have a new opponent every day. Analyze and adapt. + +Trade well. +I'm pretty sure this post will receive negative response, so I'd like to preface it with this. I have been trading nearly every day for three years now. I am not consistently profitable. But I don't plan on giving up anytime soon. + +Still, I think it is important to ask how realistic this endeavor truly is. I know a lot of people here claim that they are doing this for a living, but I have my doubts. So, I would like to kindly ask anyone who does this for a living to show their equity curve from the last three years (or more). I've seen some people show a couple of months of broker statements before, but that isn't really impressive. I've had a streak of profitable months before, but I'm still not consistently profitable. I feel like a three year equity curve will be sufficient, though. + +I know this post will be met with comments such as, + +"Why should I prove anything to you?" + +or + +"You're not profitable because you didn't try hard enough" + +and other things with that same sentiment. That's fine. No need to post comments like that if that's what you're here to do. If you don't want to prove anything then just ignore this post and move on. You have better things to do with your time. + +I hope I don't come off as a dick or anything. I would genuinely like to see a long-term equity curve from someone who does this for a living. I think it would be a great inspiration for those of us striving to become better at this craft. + +Thanks. +Hello all, + +I am looking for a good option to put my emergency money (\~ 9k €). I already take part of my salary for investments in stocks and bonds, but for this money I am looking for **safe** and **easy-to-withdraw** solutions, in case anything happens. What are the most convenient choices here in Europe? I know that [Svea bank](https://www.svea.com/) has 0.8% yield. + +Do you people know of any alternatives? + +Cheers! +Hi Everyone, + +I know there are a lot of different ways to get to FI but from blogs, podcasts and here, one theme that always seems to blow my mind is when people talk about their savings rate? How do some people have a savings rate of 50% or more? To me that seems damn near impossible to hit. From my calculations, in my best month I’ve only been able to hit around 30% but most months I’m in the 10-15% range. How do people calculate their savings rate? Is it based off gross or net income? Is their savings mostly automated so it comes out of their paychecks/bank accounts immediately? Or do people just have a crazy high income where they can save 50% or more and still have a life? + +For me to hit the 50% mark, depending on whether it’s calculated off of gross or net I would have to save an additional $1,100-1,800 more a month. I make $56,000. I have roommates and live in a relatively low cost of living city. I know I probably spend too much on going out/eating out each month and would also save more if I didn’t pay for my GF so often (not an argument worth having every time I go out). + +How do you guys do it? Any suggestions, ideas, or personal experiences would be greatly appreciated. + +Thanks +Today has probably been one of the worst days of my life. I'm 17, just graduated from high school, and now I've been kicked out of my home by the very people who gave me life. I'm homeless because of my sexuality, something that is beyond my control. I don't know where I'll be sleeping tonight and I don't know where life's road will lead me. I'm scared, alone and broke. I don't have a shoulder to lean on, money to buy food or a pillow to lay my head against. I never thought that this would happen to me. Does anybody have any advice? Unfortunately, moving back home isn't an option right now. I'm at the public library writing this right now, so prompt responses would be greatly appreciated. Thank you so much. + +Update: Wow! The amount of outpouring love and support that I have received from this post has been incredibly heart-warming. Reading your lovely messages has given me comfort in this time of crippling uncertainty and destitution. So from the bottom of my heart, I just want to thank every single one of you who has taken the time to listen and to help. Yesterday, I felt so lost and alone; as if I was a speck of dust in a world that was sure to consume me. But today, I've found hope. I've found the will to keep trudging on despite adversity. I apologize for not updating this post sooner as I have been busy trying to get in contact with my uncle and haven't had access to the internet. Although he is uncomfortable with my homosexuality, he has provided me with warm meals and a place of refuge until I can get back on my feet. At any rate, I am safe and will be fine. I will be starting my job hunt tomorrow so everything seems to be coming up roses for the time being. Once again, thank you all so much. This community of people is truly great. Btw, I have received a flurry of messages and will try my best to respond to as many as I can :) +Hello all, + +Firstly hope everybody is safe. + +The previous financial year I realised my losses for tax loss harvesting. Now when I go back to my investment website I see that reporting of returns is incorrect. I am in net positive while I don't it is so. + + +How are you guys manage tracking returns after tax loss harvesting? + +Regards. +\*Obligatory - I am not a financial advisor and this is not financial advice. All investors must do their own due diligence and come to their own conclusions. Question everything, including my work. + +Many of you likely saw this document circulate in a couple of posts about a week ago: + +[ A single security exhibiting idiosyncratic risk caused a $1.1B margin shortfall for the NSCC on 1\/22\/21 \(actually a $1.06B shortfall but we're splitting hairs\). The next paragraph describes high volume and volatility in $GME along with info on the margin calls issued on 1\/27\/21. ](https://preview.redd.it/ju0d88lrlv8a1.jpg?width=700&format=pjpg&auto=webp&s=5615355802e8a7a6cda91cac2f10c6cea6436db9) + +I wonder if the idiosyncratic security and $GME are one in the same? Of course they are, but let's look at all the data to draw our conclusions. + +**TL;DRS** + +Getting to the source of this document and breaking down this information shows how $GME is idiosyncratic to the NSCC & OCC clearing funds and their members. I have already supplied the technical DD for most of this information [in this post](https://www.reddit.com/r/Superstonk/comments/t8mujx/the_nscc_liquidity_crisis_an_idiosyncratic/?utm_source=share&utm_medium=web2x&context=3) as well as a summarization of the information [in this post](https://www.reddit.com/r/Superstonk/comments/v0gdoe/the_continued_nscc_liquidity_crisis_an/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=2&utm_content=share_button). So, I am going to summarize the information again, and add new info from the latest disclosures. We’ll also explore information recently discovered in the OCC disclosures which states their largest margin breach in 2021 was from a linear stock borrow in $GME from 1/25 – 1/27. The OCC is responsible for [clearing and settlement services](https://www.theocc.com/company-information/what-is-occ) for options, futures, and securities lending transactions. The NSCC ultimately clears the OCC trades though. + +The NSCC absorbed those $GME borrows from the OCC, and those borrows (along with new $GME trades being added on) continue to cause margin shortfalls for the NSCC as the NSCC has declared an idiosyncratic or concentrated security as the cause for their largest backtesting margin shortfalls every quarter since Q1-2021 (aside from one (Q2-2022) where they blamed a market self-off based on fear of inflation and monetary policy tightening… Which is just blowing smoke imo). The idiosyncratic security came back on the menu in Q3-2022 as it is relisted as the cause for the largest margin breach again. Here’s a timeline: + +https://preview.redd.it/19ic88gido8a1.jpg?width=1280&format=pjpg&auto=webp&s=07ee7b781e97092d141319399ccaca0d981e53fe + +Here are cutouts from the Q1-2021 disclosures of the NSCC and the OCC. + +# NSCC Q1-2021 Disclosure + +[NSCC Quantitative Disclosure Q1-2021 - explanation of margin backtesting shortfall](https://preview.redd.it/n6dn3ywkeo8a1.jpg?width=1012&format=pjpg&auto=webp&s=83996c976423706355e9071777ebcf60976cd37a) + +[Disclosure 6.5.4 lists the NSCC's largest margin backtesting shortfall\/breach](https://preview.redd.it/85bhkunueo8a1.jpg?width=1296&format=pjpg&auto=webp&s=105a85627d879877392df7e9c59d8211766afd14) + +# OCC Q1-2021 Disclosure + +[6.5.4 on the OCC disclosure also lists \\"a linear stock borrow in $GME stock between January 25th and January 27th\\" as the cause for their largest margin backtesting shortfall which happened to be $2.0B](https://preview.redd.it/ewq2v4n1fo8a1.jpg?width=1353&format=pjpg&auto=webp&s=f1d6baf2e11cd52c4850b71e794d84509b5f5208) + +[OCC Quantitative Disclosures](https://www.theocc.com/risk-management/pfmi-disclosures) + +Since the NSCC ultimately clears the OCC trades, quite a bit of exposure was passed from the OCC to the NSCC during clearance/settlement and it makes sense why we would see a large margin call from the NSCC on 1/27/21 due to the margin shortfalls in both the NSCC and the OCC. + +# NSCC Disclosures Since Q1-2021 + +Since Q1-2021 the NSCC has repeatedly called out an "idiosyncratic" or "concentrated" security as the cause of their largest backtesting deficiencies. As can be seen here: + +https://preview.redd.it/kvtwy8weho8a1.jpg?width=1009&format=pjpg&auto=webp&s=4da6cea176c37962dfadc0a07458911f54aa2bea + +And here: + +https://preview.redd.it/o7rz5vbyho8a1.jpg?width=1013&format=pjpg&auto=webp&s=b27f8f7cf12f1fd7a9d9df99458742e41780f9f2 + +One, two, skip a few, and here: + +[As noted, Q2-2022 is the only quarter that does not reference the idiosyncratic\/concentrated security](https://preview.redd.it/ct40ncl7io8a1.jpg?width=954&format=pjpg&auto=webp&s=3bb21936084623d31d2c3e6dfdd35592f7c4ced5) + +# Cover One Standard + +There is another important piece that needs to be reviewed and that is the NSCC’s “Cover One” Standard which requires the NSCC to have enough liquid capital on-hand to cover the bets of their largest member. Well, it just so happens that the NSCC has sucked ass at following this standard ever since Q1-2021 as they have repeatedly found themselves short of the obligation, or they used a new rule NSCC-2021-02 (implemented 6/2021) to pull Supplemental Liquidity Deposits (SLD) from their members to avoid further shortfalls. Seems like the NSCC's largest member sure placed a lot of lofty bets beginning in Q1-2021. + +Here’s a visual representation of how many times they have been short of the obligation AND how many times they’ve needed to pull SLD in because they were likely short of the obligation. These reports were released beginning in 2015: + +[Had they not been able to pull SLD, they may have been short to cover the largest member's potential default 23 times since Q1-2021.](https://preview.redd.it/do826q2nko8a1.jpg?width=655&format=pjpg&auto=webp&s=bf3cc44986b71b4c33b721570882439437d15f49) + +Digging deeper into the filings, we see that the Cover 1 shortfalls listed in Q2-2021 were caused by **Russell Index Reconstitution** and **June Options expirations** (Hello, OCC). What Cohencidental timing, as $GME was moved from the Russell 2000 to the Russell 1000 on [June 25th, 2021.](https://www.shacknews.com/article/125334/gamestop-gme-joining-the-russell-1000-index-rebalancing-set-for-after-the-market-close) + +Options expirations continue to be blamed for their Cover One shortfall of their largest member's bets along with this little nugget: + +[Showing the NSCC\/OCC relationship and how options expiry dates are particularly troublesome for them. Almost like their largest member is trying to control a certain idiosyncratic stock through options \(among other tactics not listed in this post\).](https://preview.redd.it/02i0l4jcoo8a1.jpg?width=990&format=pjpg&auto=webp&s=f666290714d6d1d00bc4b9ee9a207edf70e2f447) + +The NSCC has submitted other rule proposals which I believe have been used to cover the shortfall of their Cover One Standard, and I touched on those in my prior posts so I'm not going to go into them right now. Namely, NSCC-2021-016 (approved 8/26/22) and NSCC-2022-006 (approved 11/17/2022). + +# Loss Waterfall + +Finally, a very important note is what happens if a member fails a margin or SLD call and defaults on their payment obligations: + +https://preview.redd.it/elajklve6p8a1.jpg?width=734&format=pjpg&auto=webp&s=60f68a65a020fbba12fe6ea7f5ad7f800dea22d3 + +NSCC members will be required to plug the hole created by the defaulting member after the NSCC has burned up the available resources from the defaulting member and their own "Corporate Contribution", regardless of what position the other members have in relation to GME. + +[NSCC Member Directory](https://www.dtcc.com/client-center/nscc-directories) + +From the [OCC Default Rules:](https://www.theocc.com/risk-management/default-rules-and-procedures) + +https://preview.redd.it/rffli4zedp8a1.jpg?width=1237&format=pjpg&auto=webp&s=13daa5b2a385c5cc17b729b1280ddc19bdd14df2 + +https://preview.redd.it/t7hyyp9zut8a1.jpg?width=629&format=pjpg&auto=webp&s=cf7a22c63e051dcd891c4ba480a747cc0110c50d + +$GME is an idiosyncratic (*specific*) risk to the NSCC & OCC Clearing Funds and the NSCC/OCC members should a default with payment obligations over the available resources of the NSCC & OCC occur. + +I wonder what happens when $GME is trading for millions of $ per share on the lit exchanges? + +Tanks fo reedin💜 + +Edit: Removed for brigading due to including a username. Username removed from post. + +Edit 2: The description for the first picture was deleted when I changed the picture. I've added it back. Also, please check out the original posts referenced at the beginning of this post for more detailed information. + +[**r/Bitcoin**](https://www.reddit.com/r/Bitcoin/)•Posted by[u/vz88fjj](https://www.reddit.com/user/vz88fjj/)[8 years ago](https://www.reddit.com/r/Bitcoin/comments/1kpsi5/i_put_all_my_life_savings_into_bitcoins/) + +# I put all my life savings into bitcoins + +Last week, I put all my life savings into Bitcoin. I'm only 30 so I know while it is a risk, I still have a chance to recover if it crashes, and I have a full time job anyway. I just thought how the people around me are putting money into their houses, into children and expensive weddings, and they will never get a return on that. It just disappears. I also thought how most people will go their whole life and not take a risk and 'go for it'... and when I'm older, I will not be able to things like this. I will be a lot more conservative. Now is the time for me to take a risk. + +So I put a total of about $50,000 USD and bought in. I don't know how long I'll keep it in, but I'm thinking at least 5 to 10 years, maybe longer. I haven't told anyone and I don't plan to, but I feel good about it. Another thing I think about is that there will only be 21 million bitcoins ever released, and that is NOTHING when I stop and think about it. To me it seems like a great opportunity. +As I sit here on the first day of the new year, writing this post, I think to myself how much can one human take before it's just too much? The world can just be an absolutely awful, awful place. + +I read these "stolen or hacked crypto" posts all the time. I always think, wow that person doesn't know what they're doing, shouldn't be investing in crypto in the first place, or that would never happen to me, because I'm super careful! Maybe they are just lying and trying to just get sympathy? Believe me, I wish I was. + +Although, the posts that seem legit I always try to help. Now, I am on the other side of it. Never thought I'd be here. + +I've been investing in digital assets since early 2016. I would consider myself pretty knowledgeable on all things related crypto/blockchain. I believe in the tech, I built my portfolio up for years and this is pretty much one of the only things I enjoy in life. + +I have a hardware wallet (Ledger Nano S) since 2017 and 4 different Metamask "hot" wallets. The hardware wallet consisted of 80% of my portfolio. + +Yesterday, I used my Metamask to access all my wallets for a balance status check before the new year. Everything seemed normal. After checking again late last night and after seeing one of my accounts showing as zero, I noticed every wallet was wiped. + +My only possible conclusion is that I clicked a malicious link while surfing the internet. The trojan must have somehow took control over my Google Chrome browser (or Metamask extension) while I was using it, while my ledger was unlocked. Checking the transactions times they were sent out around the time I had it open. Again, I never was prompted to accept or approve anything that I myself wasn't doing. It is frightening. + +As I look at all of my wallets today, I see zero balances and I am absolutely crushed. It took all my power to even get out of bed, file reports, and write this post today. + +I reached out and filed reports to my local law enforcement and the FBI. + +Checking the transactions, it seems like the wallets were completely wiped in a matter of minutes. + + + +Hacker's ETH address: + +0x365DB2B5722d13F431224066898b4CF8cA7AdFe5 + + +Address on all chains: + +[https://blockscan.com/address/0x365DB2B5722d13F431224066898b4CF8cA7AdFe5](https://blockscan.com/address/0x365DB2B5722d13F431224066898b4CF8cA7AdFe5) + + + +I'm hoping one of the wallets leads to a KYC connection, but obviously a long shot here. Super grateful for any research or help. + +Some of the crypto that was stolen: + +$ETH $MATIC $AAVE $TIME $OVR $ENS $ZRX $AVAX + +If the hot wallets were all hacked, it would not be the end of the world. I just don't understand how the hacker accessed my hardware wallet, too. Again, I was never prompted a transaction to approve. My seed phrase is on paper, stored in a safe, which no one has access to. My seed phrase has never been written down anywhere else, no computer, no phone, except on that paper in the safe. + +I know since it's self custody, it's obviously still my fault. Aside from probably accidently clicking a malicious link on the internet somewhere, I'm still at a complete loss of what I could have done better. A possible solution was to maybe have the hardware wallet on a computer I never touched - one that I never used the internet for, but this is all in hindsight. + +I've been on this computer for years and there's been a few times when accidently clicking something that starts an auto-download. Obviously, I am always quick to delete or disable those files. Maybe a virus file was lying dormant for months or years without my anti-virus catching it? Just waiting for the right opportunity? Maybe it is a Metamask data leak? I'm not sure. I like to think I'm pretty careful about my passwords and security. + +I mainly write this post to warn others. Even if you think you are safe, you might still be at risk. I guess with these advanced hackers now, all it takes is one wrong click. This was my life savings aside from a few emergency funds in my traditional bank. I don't think I will ever financially, emotionally, or mentally recover from this. It has affected my life tremendously. I hate to sound dramatic and be that guy, but I'm honestly at a point now where life doesn't even seem worth it. + +I'm trying my best to use the last of my energy to fight back. + +Any help at all is super, super appreciated and I hope one day to pay you back tenfold (when I can). + +Thank you. + +\--- + +TL;DR ledger nano s hardware wallet and Metamask hot wallets were all hacked. Did everything in my power to keep my crypto safe and still lost everything. Most likely from a miss click link -&gt; file download somewhere? Not entirely sure. My life savings gone. I am absolutely crushed beyond belief. Happy new year, this is the worst day of my life. + + +\--- + +UPDATE: Many have reached out and experienced a similar hack, multiple with hardware wallets too. So many others have messaged to try to help and I can’t thank you all enough. Doing my best to respond while working with exchanges, law enforcement, etc. + +I haven’t slept and working around the clock to try to bring justice to this. This is potentially huge and I don’t want others facing the same fate. + +Can’t comment on much right now, but learned so far of a new malware that can hack into many of different crypto wallets. Yes, seems like Ledger software too. Potentially promising. + +Compiling a comprehensive report when I can. +I thought it would be great if we could all share ideas about things we can do (with limited resources) to give our kids a fighting chance. + +I grew up in a small town of Mexico in lower middle class (income wise would be way below poverty line in US but the lower cost made it a decent living). I’ve somehow, with lots of help from family, lots of luck and also lots of studying and hard work made it. I immigrated to the US with an excellent job that makes me solid middle class (or maybe upper middle class) if I continue to live within my means and save. + +But I’m really worried about my kids. I don’t earn enough that they have a secure future. I enlist to several Reddit subs so that I can understand what the situation in the US really is. Because everyone in Mexico thinks life in the US is easy and financially great for all. And I had luck and turned out true for me. But from reading I have learned that is not the case for the most part. If my children decided not to go into computer science (like me) or similar well paid profession, or if those professions became obsolete or lower pay… we are in big trouble. Healthcare is not a guarantee. Housing renting is not stable and ownership would be impossible at most professions salaries. + +My daughter has no interest in tech. I worry the most about her. + +So, I see and appreciate that a lot of people are doing activism and awareness for these problems. I want to participate in that too. But I don’t think there will be a systemic solution by the time my children are adults (about 10 years from now). + +So, let’s brainstorm what things we can do to give our kids a fighting chance. Here are the things I think of: + +- Try to give them an emotionally stable life. Growing up I know my parents had many problems but they shielded me as best they could emotionally. I didn’t experience or witness abuse. There was no screaming in my home. This alone put me ahead of friends I had with same economic situation. They could not concentrate in school or make good decisions because of inner turmoil. Some escaped to alcohol (I do not blame them). I understand it is a privilege, how do you shield a child if you live in the street? +- Model good spending choices when choices are available. Model and explain to them that we are not purchasing a certain want because we are saving for a possible future need. Or we are choosing food that we can buy dry in bulk over cans/packaged food. Also hard to do if there are no good choices left, but whenever there is a choice, model that. +- Expose them to people making a good living. In front of kids, ask about what careers they have and how they got there. Then in private tell them what the salaries are like for those professions (my humble opinion is that kids should be aware when they choose). My daughter who likes arts recently talked to an architect we saw working at a cafe and she seemed interested, I’m grateful to the lady that shared her time talking to her. +- Give them as many tools as possible. Personally, I have signed all my kids up to coding lessons that are offered at the library at low cost (they also had scholarships available). I told them what my mother told me when she forced me to go to English lessons: You may not need or use it in the future but I want to give you that tool for your tool belt, it will be there for you if you ever need it. Neither of us knew then how much it would change my life… My oldest son is very interested in airplanes, whenever I see a book at the library about airplane design I bring it to him. +- Let them stay at home for free. Personally, my plan is to let them stay home for as long as they need with the condition that they either study or work. If they work, I hope by then I would have taught them well enough that they will be choosing to save monthly for a future house. +- Teach them about the financial system. This I haven’t been able to do yet because I haven’t learned myself how the US system works. But I’m planning to learn and tell them all about credit cards, loans, mortgages, investing, rates and credit scores. + +What else can we think of? + +ONGOING EDIT to add some of the most helpful suggestions from everyone (thanks a lot!!): + +- Teach them self sufficiency. Gardening, car repair, plumbing, carpentry, etc. I need to learn these things myself. +- Teach them cooking from scratch using healthy and low cost ingredients. +- Make them aware of the trades. In the US trades in construction and mechanics are well payed. +- Show interest in their schoolwork and help them create good study habits. +- Teach them healthy habits like exercise and good diet. Make sure they know and practice good dental hygiene. This is worth thousands like commented! +- Teach them budgeting. Start them on saving and investing. Tell them about financial mistakes so they can learn from them. +- Help them learn how to network and socialize. Maybe encourage them to join extracurricular clubs? +- Making them aware that the person they marry will have a huge influence in their lives, so choose someone emotionally stable that makes them feel good about themselves and has similar values and habits. +- Make sure they have access to birth control and all the pertinent sexual information. Be available to talk about these topics without shaming or judging them. +- Save aggressively for your retirement planning/end of life care needs. If you have the right level of insurance, you don’t have to put your child in a position where they have to cut their hours at work to provide a high level of care for you. +- Invest small but regular amounts on their behalf. Even $25 in an index fund each month from their birth will have the benefit of compounding interest. +- Let them piggyback on your good credit once they are 13. You can add them to your credit card as an authorized user and even without using it, they will create credit history. I would personally add that although in Mexico the credit score didn’t work like that, my parents always gave me a credit card on their account as a teen, it was meant to be used only in an emergency. It saved me twice in college, one time I had to go to a hospital for stitches and I didn’t have the $60USD to pay in cash. (Which sadly in the US would be a lot more). +- Talk to them openly about what sexual abuse is. Make sure they know the names of all their private parts and teach them that is their body and their choice when they grow up who gets to touch them and who they want to touch. Even family friends are not allowed to touch them. Scream and run if somebody tries to. Come tell me immediately. You will not get in trouble ever, don’t believe anyone’s threats to you or your family. + +Note: for completeness, I will add that there are many suggestions on not having any children or having just one. I don’t feel quite right backing that, but I will add it to include all perspectives. + +PS. This thread made me realize how much the skills we have or lack affect what we are able to teach our children. Several people are mentioning teaching them car repair. Growing up as a girl in Mexico (lots of you called me a good Dad, but software engineering is predominantly male so I guess that’s why and I don’t take offense :D) my Dad never tried to teach me his mechanical skills (and I highly regret not pushing him to teach me). And I can’t even begin to picture how I would teach them anything about that. I don’t even know where to start or ask for help. And that made me realize that maybe it is like that for people who don’t know anything about coding. I used to think it’s so easy, you can just point them to tutorials online or take them to lessons. But maybe somebody out there feels intimidated and doesn’t know where to start. + +**NOTE: This gave me the idea to post to my local Facebook group if anyone wanted to swap teaching skills with children. I can teach yours to build a basic website if you teach mine how to change oil and tires. I already have several takers and people are coming up with mode ideas on what to teach swap! ISN’T THAT GREAT?!** +r/Dividends **big dividend cut list - Updated multiple times a day.** + +2020-04-21:$LMRK -Landmark Infrastructure - reduce to $0.20 thx u/ewakr + +2020-04-21:$HXL - Hexel - suspend thx u/PapaCharlie9 + +2020-04-20:$MDP - Meredith Corp - pause dividend thx u/AvgWeirdo + +2020-04-06:$TWO - previously declared suspended..it gave out an interim $0.05 a share divy thx u/divtrackerapp + +2020-04-16:$GPP - Green Plains Partners - reduce dividend to $0.12 + +2020-04-17:$GT - Goodyear suspend thx u/divtrackerapp + +2020-04-18:$TJX - TJ Max - no Q1 2020 divy thx u/shakeshack + +2020-04-18:TSX:$NFI - NFI Group (CAD) thx u/lyds911 + +2020-04-18:TSX:$IPL - Inter Pipeline Ltd cut thx u/lyds911 + +2020-04-16:$DAN - Dana Inc - suspend thx u/padmacat + +2020-04-17:$KSS - Kohls Corp - suspend thx u/PapaCharlie9 + +2020-04-15: $KELYA - Kelly Services Inc - suspend + +\--- + +2020-04-17:$SLB - Schlumberger NV - reduce $0.50->$0.12 thx u/brintoul + +2020-04-17: $LVS - Las Vegas Sands Corp - suspend thx u/teamasperger + +2020-04-16:$FUN - Cedar Fair - suspend + +2020-04-16:$COLM - Columbia Sportswear - suspend + +2020-04-14:$CVA - Covanta - reduce $0.25->$0.08 thx u/brintoul + +2020-04-15:$WPG - Washington Prime Group - from cut to suspend. thx u/dgmachine + +2020-04-15:$EL - Estee Lauder - suspend + +2020-04-14:$BUD - Anheuser-Busch -Reduce Half $0.8855->$0.4427 thx u/woodcmfr + +2020-04-14:$SKYW - SkyWest Inc - suspend dividends + +2020-04-09:$SIX - Six Flags suspends :( thx u/JMacInvesting + +2020-04-08: $CNS - Cohen and Steers Inc - divy reduce $0.06 -> $0.015 + +2020-04-08:$ORC - Orchid Island Capital REIT - divy reduce $0.08->$0.05 (monthly) thx u/todayisagooddayyep + +2020-04-08:$AGNC - AGNC Investment Corp - divy reduce $0.16->$0.12 thx u/LCLORD + +2020-04-07:$PAA - Plains All American Pipeline - $0.36 -> $0.18 thx u/bozhidarb + +2020-04-07:$BNZL - Bunzl - no end of year divy thx u/LCLORD + +2020-03-26:$LEA- Lear Corp - suspension. thx u/AoE_Mobius_One + +2020-04-01:$BCS/$HSBC/$LYG - Various UK Banks - Halt for 2020. thx u/woodcmfr + +2020-04-03: $MLHR Herman Miller - suspension thx u/brintoul + +2020-03-31:$RBS Royal Bank of Scotland - suspend. thx u/todayisagooddayyep + +2020-04-02:$HP Helmerich and Payne - Reduce $0.71->$0.25 thank you u/woodcmfr So long Dividend Aristocrat. + +2020-04-02: $CNP - CenterPoint Energy - reduce $0.29->$0.15 thx u/joeret + +2020-04-02:$EAT - Brinker International - suspend + +2020-04-01: $GCI - Gannet Co Inc - suspend + +2020-03-31: $GNL - Global Net Lease - reduction $2.13 - >$1.60 + +2020-03-31: $PBF - PBF Energy - suspend + +2020-03-31: $PEI - Pennsylvania REIT - reduce $0.21->$0.02 thx u/bozhidarb + +2020-03-31: $NRZ - New Residential - reduce $0.50->$0.05 thx u/bozhidarb + +2020-03-27:$RWT - Redwood Trust - Postponed Divy to June thx u/Vtford + +2020-03-24:$WSR - Whitestone REIT - $0.095->$0.035 thx u/Infinite_Damage + +2020-03-27:$LB - L Brands suspends divys thx u/bartoncls + +2020-03-27:$HLT - Hilton Hotels suspends dividends + +2020-03-26:$TPR - Tapestry suspends divys + +2020-03-26:$GEL - Genesis Energy LP reduces distributions $0.55->$0.15 + +2020-03-26:$GPS Gap - Suspended thx u/dgmachine & u/brintoul + +2020:03-26:$OXM -Oxford Industries - reduce $0.37->$0.25 thx u/dgmachine + +2020-03-26:$AI Arlington Assets - not declaring Q1. Future unknown. thx u/dgmachine + +2020-03-26:$EQT - suspended thx u/dgmachine + +2020-03-26:$SIG - pays Q1, then suspend thx u/[smashmouthallstar420](https://www.reddit.com/user/smashmouthallstar420) + +2020-03-26:$MOV - Movado Group - suspend dividends. thx u/dgmachine + +2020-03-26:$CIO - City Office REIT - divy reduce $0.235->$0.15 thx u/dgmachine + +2020-03-26: $PEB - Pebblebrook Hotel - divy reduce $0.38 -> $0.01 thx u/dgmachine + +2020:03-26:$SBRA Sabra Heath Care REIT - divy reduce $0.45 -> $0.30 thx u/teamasperger + +2020-03-25:$PMT - PennyMac Mortgage Investment Trust - divy reduce $0.47 -> $0.25 + +2020-03-25: $MFA - MFA Financial - divy is revoked :( thx u/stpchg + +2020-03-25: $CBRL - Cracker Barrel suspend dividends + +2020-03-25: $TXRH: Texas RoadHouse Restaurant suspend dividends. + +2020-03-24:$SCS - Steelcase - divy reduce $0.145->$0.07 thx u/brintoul + +2020-03-24: $TWO: Two Harbors Mortgage REIT suspend dividend thx u/stpchg + +2020-03-24:$ENLC: EnLink Midstream $0.1875->$0.09375 ,50% cut + +2020-03-23: $JWN: Nordstrom halts dividend.. thx u/bartoncis + +2020-03-23: $FCX : Freeport-McMoRan Inc - suspend Mays Dividend. Future dividends depends on financial results. thx u/brintoul + +2020-03-20:$M Macys suspends dividends. thx again u/AvgWeirdo + +2020-03-20: $DAL Delta Airlines halts dividends. thx u/rockinray + +2020-03-20: $BA Boeing halts dividends + +2020-03-20: $HT Hersha Hospitality REIT revokes and suspends. thx u/brintoul + +2020-03-20: $APLE : Apple Hospitality REIT suspends distributions. thx u/AvgWeirdo + +2020-03-19: $TJX RUMOR: evaluating dividend :( Sad if they do. Since they are on 23 years of paying+increasing dividends. Almost an aristocrat! + +2020-03-19: $F Ford suspends dividends. thx u/stpchg ! + +2020-03-18: $DRI Darden Restaurants suspend dividends. + +2020-03-18: $BA : Analyst says "makes sense for Boeing to cut dividends".Its official..its been zero'd. + +2020-03-18: $MAR Marriott eliminates dividends. + +2020-03-18: $WPG REIT : reduction to $0.0625 .. as of 4/15/2000, its now a suspend. + +2020-03-17: $CLDT REIT : suspended to ZERO! :( + +2020-03-16: $VET -Vermilion Energy - divy reduce $0.115 CDN -> $0.02 CDN thx u/ysyrota ! + +2020-03-16:$PK - Park Hotels & Resorts REIT - Suspends Dividends thx u/CharmCityNole + +2020-03-16:$MAC Macerich REIT reducing $0.75->$0.50 + +2020-03-13: $F Analyst say Ford can't sustain dividends...BloombergTV. its official. suspended. + +2020-03-13: $NHF - NexPoint reducing to $0.10 + +2020-03-12: $APA Apache cutting dividends -> $0.025 cents a share. + +2020-03-XX: $OXY cutting dividends from $0.72 /share to $0.11/share + +2020-02-27: $AMC cut dividends from $0.20 -> $0.03 + +2020-02-27:$GCI resume in May, dividends ->$0.19 a share. April,1 changed to SUSPEND + +If you hear of a dividend cut..post! (along with source link) + +Search comments below for more details, and a web link to the source document. + +i began marking the REITS +r/Dividends **big dividend cut list - Updated multiple times a day.** + +2020-04-21:$LMRK -Landmark Infrastructure - reduce to $0.20 thx u/ewakr + +2020-04-21:$HXL - Hexel - suspend thx u/PapaCharlie9 + +2020-04-20:$MDP - Meredith Corp - pause dividend thx u/AvgWeirdo + +2020-04-06:$TWO - previously declared suspended..it gave out an interim $0.05 a share divy thx u/divtrackerapp + +2020-04-16:$GPP - Green Plains Partners - reduce dividend to $0.12 + +2020-04-17:$GT - Goodyear suspend thx u/divtrackerapp + +2020-04-18:$TJX - TJ Max - no Q1 2020 divy thx u/shakeshack + +2020-04-18:TSX:$NFI - NFI Group (CAD) thx u/lyds911 + +2020-04-18:TSX:$IPL - Inter Pipeline Ltd cut thx u/lyds911 + +2020-04-16:$DAN - Dana Inc - suspend thx u/padmacat + +2020-04-17:$KSS - Kohls Corp - suspend thx u/PapaCharlie9 + +2020-04-15: $KELYA - Kelly Services Inc - suspend + +\--- + +2020-04-17:$SLB - Schlumberger NV - reduce $0.50->$0.12 thx u/brintoul + +2020-04-17: $LVS - Las Vegas Sands Corp - suspend thx u/teamasperger + +2020-04-16:$FUN - Cedar Fair - suspend + +2020-04-16:$COLM - Columbia Sportswear - suspend + +2020-04-14:$CVA - Covanta - reduce $0.25->$0.08 thx u/brintoul + +2020-04-15:$WPG - Washington Prime Group - from cut to suspend. thx u/dgmachine + +2020-04-15:$EL - Estee Lauder - suspend + +2020-04-14:$BUD - Anheuser-Busch -Reduce Half $0.8855->$0.4427 thx u/woodcmfr + +2020-04-14:$SKYW - SkyWest Inc - suspend dividends + +2020-04-09:$SIX - Six Flags suspends :( thx u/JMacInvesting + +2020-04-08: $CNS - Cohen and Steers Inc - divy reduce $0.06 -> $0.015 + +2020-04-08:$ORC - Orchid Island Capital REIT - divy reduce $0.08->$0.05 (monthly) thx u/todayisagooddayyep + +2020-04-08:$AGNC - AGNC Investment Corp - divy reduce $0.16->$0.12 thx u/LCLORD + +2020-04-07:$PAA - Plains All American Pipeline - $0.36 -> $0.18 thx u/bozhidarb + +2020-04-07:$BNZL - Bunzl - no end of year divy thx u/LCLORD + +2020-03-26:$LEA- Lear Corp - suspension. thx u/AoE_Mobius_One + +2020-04-01:$BCS/$HSBC/$LYG - Various UK Banks - Halt for 2020. thx u/woodcmfr + +2020-04-03: $MLHR Herman Miller - suspension thx u/brintoul + +2020-03-31:$RBS Royal Bank of Scotland - suspend. thx u/todayisagooddayyep + +2020-04-02:$HP Helmerich and Payne - Reduce $0.71->$0.25 thank you u/woodcmfr So long Dividend Aristocrat. + +2020-04-02: $CNP - CenterPoint Energy - reduce $0.29->$0.15 thx u/joeret + +2020-04-02:$EAT - Brinker International - suspend + +2020-04-01: $GCI - Gannet Co Inc - suspend + +2020-03-31: $GNL - Global Net Lease - reduction $2.13 - >$1.60 + +2020-03-31: $PBF - PBF Energy - suspend + +2020-03-31: $PEI - Pennsylvania REIT - reduce $0.21->$0.02 thx u/bozhidarb + +2020-03-31: $NRZ - New Residential - reduce $0.50->$0.05 thx u/bozhidarb + +2020-03-27:$RWT - Redwood Trust - Postponed Divy to June thx u/Vtford + +2020-03-24:$WSR - Whitestone REIT - $0.095->$0.035 thx u/Infinite_Damage + +2020-03-27:$LB - L Brands suspends divys thx u/bartoncls + +2020-03-27:$HLT - Hilton Hotels suspends dividends + +2020-03-26:$TPR - Tapestry suspends divys + +2020-03-26:$GEL - Genesis Energy LP reduces distributions $0.55->$0.15 + +2020-03-26:$GPS Gap - Suspended thx u/dgmachine & u/brintoul + +2020:03-26:$OXM -Oxford Industries - reduce $0.37->$0.25 thx u/dgmachine + +2020-03-26:$AI Arlington Assets - not declaring Q1. Future unknown. thx u/dgmachine + +2020-03-26:$EQT - suspended thx u/dgmachine + +2020-03-26:$SIG - pays Q1, then suspend thx u/[smashmouthallstar420](https://www.reddit.com/user/smashmouthallstar420) + +2020-03-26:$MOV - Movado Group - suspend dividends. thx u/dgmachine + +2020-03-26:$CIO - City Office REIT - divy reduce $0.235->$0.15 thx u/dgmachine + +2020-03-26: $PEB - Pebblebrook Hotel - divy reduce $0.38 -> $0.01 thx u/dgmachine + +2020:03-26:$SBRA Sabra Heath Care REIT - divy reduce $0.45 -> $0.30 thx u/teamasperger + +2020-03-25:$PMT - PennyMac Mortgage Investment Trust - divy reduce $0.47 -> $0.25 + +2020-03-25: $MFA - MFA Financial - divy is revoked :( thx u/stpchg + +2020-03-25: $CBRL - Cracker Barrel suspend dividends + +2020-03-25: $TXRH: Texas RoadHouse Restaurant suspend dividends. + +2020-03-24:$SCS - Steelcase - divy reduce $0.145->$0.07 thx u/brintoul + +2020-03-24: $TWO: Two Harbors Mortgage REIT suspend dividend thx u/stpchg + +2020-03-24:$ENLC: EnLink Midstream $0.1875->$0.09375 ,50% cut + +2020-03-23: $JWN: Nordstrom halts dividend.. thx u/bartoncis + +2020-03-23: $FCX : Freeport-McMoRan Inc - suspend Mays Dividend. Future dividends depends on financial results. thx u/brintoul + +2020-03-20:$M Macys suspends dividends. thx again u/AvgWeirdo + +2020-03-20: $DAL Delta Airlines halts dividends. thx u/rockinray + +2020-03-20: $BA Boeing halts dividends + +2020-03-20: $HT Hersha Hospitality REIT revokes and suspends. thx u/brintoul + +2020-03-20: $APLE : Apple Hospitality REIT suspends distributions. thx u/AvgWeirdo + +2020-03-19: $TJX RUMOR: evaluating dividend :( Sad if they do. Since they are on 23 years of paying+increasing dividends. Almost an aristocrat! + +2020-03-19: $F Ford suspends dividends. thx u/stpchg ! + +2020-03-18: $DRI Darden Restaurants suspend dividends. + +2020-03-18: $BA : Analyst says "makes sense for Boeing to cut dividends".Its official..its been zero'd. + +2020-03-18: $MAR Marriott eliminates dividends. + +2020-03-18: $WPG REIT : reduction to $0.0625 .. as of 4/15/2000, its now a suspend. + +2020-03-17: $CLDT REIT : suspended to ZERO! :( + +2020-03-16: $VET -Vermilion Energy - divy reduce $0.115 CDN -> $0.02 CDN thx u/ysyrota ! + +2020-03-16:$PK - Park Hotels & Resorts REIT - Suspends Dividends thx u/CharmCityNole + +2020-03-16:$MAC Macerich REIT reducing $0.75->$0.50 + +2020-03-13: $F Analyst say Ford can't sustain dividends...BloombergTV. its official. suspended. + +2020-03-13: $NHF - NexPoint reducing to $0.10 + +2020-03-12: $APA Apache cutting dividends -> $0.025 cents a share. + +2020-03-XX: $OXY cutting dividends from $0.72 /share to $0.11/share + +2020-02-27: $AMC cut dividends from $0.20 -> $0.03 + +2020-02-27:$GCI resume in May, dividends ->$0.19 a share. April,1 changed to SUSPEND + +If you hear of a dividend cut..post! (along with source link) + +Search comments below for more details, and a web link to the source document. + +i began marking the REITS +I just can’t fathom spending 20 bucks on just 2 little shots of alcohol when I could’ve just gotten a whole bottle for the same price and get wasted. I just never understood the concept unless you’re rich and have money to waste on literal sips of alcohol. Is it just me? Maybe I’m poorer than I thought because I never go to bars ever. +Hello. My parents are kicking me out of the house since their legal duties are fulfilled and I was hoping you guys could help me figure out what I should do. + +I don't have much in the way of savings and am currently looking for a job with very little luck so far, i already visited an employment agency and i was told there wasn't much they could do for me with my level of education. They also suggested moving out of the country but i have no money and the idea terrifies me. I don't have a car, I've used public transportation my whole life. I don't have any other relatives besides an aunt but she won't return my calls. I live in Portugal. + +Sorry if I didn't provide much information but I don't know what to think, do or say right now. + +Edit: Small update, I've already started getting my documents in order just as people advised me. + +I also checked about the RSI which is apparently a value i'm entitled to from the state but it seems by father has been requesting this on my behalf for a while now (i had no idea), they found out and now i'm blacklisted. I couldn't make this shit up if i tried. + +I also went to the employment center and there seem to be some paid courses that might help somewhat? They don't seem to pay much but it's something. + +Thanks for all the advice, it helps to know i got people looking out for me. +* According to my friend, in the middle of January he got a google security alert that someone attempted to login to his email. He ignored the email (a mistake). + +* A couple days later, he got an automatic notification that someone tried to spend $700 with his card, and the notification asked my friend if he made this transaction or not. My friend answers no, and it is declined. + +* My friend, freaked out by the notification, checks his bank, and sees a statement showing $1000 was withdrawn a couple days ago. + +* My friend immediately calls Chase, telling them he did not make any of those transactions and that his cards need to be cancelled because his account is compromised. They ask for his address (we live in Texas) and then tell him the charges will be reversed. + +* A few days later, my friend checks his account and sees that the charges were reversed only temporarily, and he ended up still having the charges. + +* My friend checks his email again which has since been filled with spam and there was a request the day *before* he got the original alert for a new card. He changed the password and added 2FA so as to secure the email. My friend also checked the locations where his email was signed into and there was one in Florida. + +* My friend waits an additional 2 weeks believing that the issue is already resolved since he called the bank and let them know those transactions weren't him as well as requesting a card to his address which they asked him for. + +* He never got a card, so he goes to a local branch and is told that the new card was sent to Florida to the thief. + +Since then my friend has tried contacting Chase over the phone multiple times and they have been extremely reluctant to help, and have asked him for proof that he was in Texas on the day of the transactions. They also gave him a deadline of 2 weeks before they will close the case and refuse to help. + +My question is this: what can my friend do now? I'm starting to help him out, got a letter from his campus that he was at school that day, and I was planning on going with him to the local branch so we could set this straight. + +EDIT: Thanks to everyone's helpful advice we have gotten the bank to take this matter seriously and it looks my friend will get their money back! + + Hey guys, + +Recently I've noticed that a lot of 4th - 5th graders don't have much knowledge in budgeting and saving. I think that playing a game based on financial literacy would be very helpful for young children and help them make better choices in the future. + +What do you think? Any advice/feedback would be greatly appreciated! +25/YO took a job that pays $70k a year. I’ve never been financially smart but it’s time for me to start planning for the future. Total of about $16k debt. $12k for car $1.7k for loan $1.7k on credit card. From my research the best three things to start with would be +1. Emergency fund +2. Retirement savings +3. Paying off debt. +But in what order makes the most financial sense? +My expenses are around $1500/mo but I have the option to rent out a second bedroom in my apartment bring down my rent from $550 - $275. +I’m a sophomore in hs and I make $10/hr at my job (11/hr because of hazard pay right now), and I work around 8 hours a week. I’ll be working for 3 years and I’ll probably increase the number of hours, but if I go at this rate I’d make $9,280 if I only worked 8 hours a week up until I move out. I haven’t spent any of what I’ve made so far because I make tips (so I just use that if I need anything because I live with my parents and don’t pay for gas). + + + I don’t really know how much college costs and I’m not good at gaging what a lot of money vs. not that much is, so how much money would you suggest I for sure AT LEAST have going into college? Or, how much did you WISH you had going into college that would’ve been helpful? + +Im going to save up as much as I can, and I want to make sure I don’t spend like all of it and realize “crap. This amount isn’t nearly as much as I envisioned it would be” + +Thanks in advance, I’m not good with this stuff and tuition and student loans stress me out. + +Edit: I’m planning on doing 4 years at the University of Minnesota, whose tuition is $6,700 per semester + +Edit pt 2: I’m planning on studying Chemical Engineering + +Edit 3: thank you guys so much for all the advice!!! It’s really putting a lot of things into perspective! +Canadian REITs haven't recovered and they might be a value play in anticipation of the recovery. I thought I would share my research and top picks for those still interested in value investing in REITs. Warning: I've been doing this since March/April 2020. In retrospect, this was not a good strategy, because we've seen tech run up (e.g. Tesla, Zoom, DOC.V, ARKK, etc.) with insane valuation, and I've missed out on those crazy gains. I guess that's why diversification is important (important lesson for me personally). Anyway, on to the list. + +\#1 - HR.UN + +* Diversified reit (40% office, 28% retail, 9% industrial, 23% residential) +* USA/Canada +* Payout ratio (AFFO/ACFO) - 9 months ended Sept 2020 = 72% +* Rent collection = 93% +* Price/Book = \~0.60 +* Debt to assets = 47.2% +* Notes: HR cut their distribution in half at the start of the pandemic making their balance sheet pretty healthy. The share price has been slowly declining and now this could be an opportunity to slowly buy in. Insane value with price/book of \~0.60. I wish they would have a little less office and a bit more industrial in their portfolio though. + +\#2 - IIP.UN + +* Residential reit +* Canada +* Payout ratio (AFFO/ACFO) - 9 months ended Sept 2020 = 73% +* Rent collection = 99% +* Price/Book = \~0.95 +* Debt to assets = 30.9% +* Notes: What I like about this REIT is they've got very low debt. That's healthy and it should allow them to jump on opportunities. The distribution is low but they've been growing it and I see it largely as a "growth" REIT rather than one that provides distributions. Most of their properties are in Southern Ontario, Ottawa and Montreal. That's where many people live & work (especially newer immigrants) so I think it's a positive. + +\#3 - KMP.UN + +* Residential reit +* Canada +* Payout ratio (AFFO/ACFO) - 9 months ended Sept 2020 = 82% +* Rent collection = 99% +* Price/Book = \~1.05 +* Debt to assets = 43.8% +* Notes: KMP.UN is mostly a residential REIT although they have a very tiny amount of retail/office properties. Most of their properties are on Canada's East Coast like NS, NB, PEI, etc. Not sure if people will still want to move there after the pandemic is over, but if yes, they will see major demand/growth. + +\#4A - SOT.UN + +* Office reit +* USA/Canada +* Payout ratio (AFFO/ACFO) - 9 months ended Sept 2020 = 63% +* Rent collection = 96% +* Price/Book = \~0.50 +* Debt to assets = 57.8% +* Notes: Payout ratio is healthy but it's still risky since we don't know how well offices will do post-pandemic. The need for offices probably won't die out entirely, but we could see reduced demand after the pandemic is over. Debt is still a bit high. Unlike my other top picks, institutions only own \~2% of SOT.UN shares, so that could make it more risky. + +\#4B - SRU.UN + +* Retail reit +* Canada +* Payout ratio (AFFO/ACFO) - 9 months ended Sept 2020 = 89% +* Rent collection = 96% +* Price/Book = \~0.80 +* Debt to assets = 44.3% +* Notes: Other retail REITs have cut distributions to strengthen their balance sheets without triggering major sell offs of their shares (e.g. RioCan). SRU.UN has not cut distributions yet but my thinking is why wouldn't they cut temporarily like other retail REITs to increase cash reserves, which allows them to invest in their own business. Goldhar has been buying huge amount of shares so this is a positive sign. I don't like the fact that Walmart is their major tenant. That's positive for the pandemic, but not necessarily long term because that's poor tenant diversification. +I keep giving people advice to use Google Sheets to track their portfolios - paid apps are great but Sheets can replicate absolutely everything and you can customize the output to display your stats just how you like them. So, I thought I would share a sheet from my workbook. + +&#x200B; + +[Here](https://drive.google.com/file/d/1rWFvQofHGv7lWchMGE9GuBCV8mJfb1cF/view?usp=sharing) is an example of a custom page I designed. Everything is dynamic based on the ticker selected from the dropdown. The dropdown is populated with tickers from my portfolio, and I can use the override field to input any other ticker I like. + +&#x200B; + +[Here](https://drive.google.com/file/d/1lRRmNAHX2O_VKzDrzTg39n1siCgTLv6O/view?usp=sharing) is the same sheet with the underlying code. Note the query function in the bottom left returning my buy/sell/divs from another sheet. + +&#x200B; + +The Yahoo Finance data is being returned with the import JSON formula described [here](https://www.reddit.com/r/CanadianInvestor/comments/s1th0s/comment/hserbaj/?utm_source=share&utm_medium=web2x&context=3). +I haven't owned a vehicle in over seven years. Tomorrow I'm buying a 99 Honda Accord for $1000. I'm so happy and excited I'm literally crying. I can't wait to tell my kids but I'm waiting until I actually have everything signed and in my hands to make the announcement! I've worked so hard for this. Last year I paid Jackson County over 2k to get my license back. +I was looking at the CAGR of "Magic Formula" small case ([https://smallcase.zerodha.com/smallcase/SCMO\_0006](https://smallcase.zerodha.com/smallcase/SCMO_0006)) and while they report/claim a CAGR of \~30% it is actually a CAGR of \~3%! + +Check out [https://youtu.be/\_yCh3xElnUU](https://youtu.be/_yCh3xElnUU) for detailed analysis +I'm selling invisible sky proof helmets if anyone would like to purchase one. + +Bunch of people are sick and more are getting sick... + +California had the first "untraceable/local" case of someone catching corona. Cali is also monitoring >8000 people for the virus. + +W.H.O. Called Trump incoherent. + +Vice President of Iran has corona. + +8am - + +* **NASDAQ**: -3.8pc + +* **SP500**: -3.7pc + +* **oil**: -3.8pc + +EDIT: +810am - + +Oooff... Nas and sp are down -4.6pc now.... + +As previous - thread is for discussions about today's bloodbath to keep it all in one place. +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. +A recent search of Google News only returned one recent article about the Trade in Services Agreement, despite the fact that that is expected to [effect the most people](https://www.youtube.com/watch?v=2_pPqnbXpA4) by mandating the irreversible privatization in dozens of countries, including the USA of many public services such as health insurance, [financial services](https://wikileaks.org/tisa-financial/analysis.html) and education services in a manner similar [to GATS](http://policyalternatives.ca/publications/reports/facing-facts), the WTO services agreement. TPP is second place, perhaps helped by the rapidly changing venue changes at the last minute, news on TPP and [TTIP/TAFTA](http://ttip2014.eu) has also been kept almost completely out of the media by making them [impossible](http://www.ip-watch.org/2014/04/02/ttip-eu-commissioner-points-finger-at-us-secrecy-investor-state-provisions/) for even legislators to read. +So, some really weird shit happened today with the stock of BBBY - Bed, Bath, and Beyond. Let's run through the events: + +At 3:22pm EST, this happened: + +&#x200B; + +[Huh, that's odd. The stocks been on a rampage all week.](https://preview.redd.it/60wfkn5iyci91.png?width=382&format=png&auto=webp&s=98955d6b261ac4072c5ba5749b51d3fe71fb40a9) + +&#x200B; + +[By end of day, these puts were worth over $4 each. A gain of $700,000 on $1.3 million. Of course, if the stock went down more before open, that gain could be exponentially larger.](https://preview.redd.it/tawpr8ugzci91.png?width=445&format=png&auto=webp&s=a69c59dbfcaf580e03b155a6e69eb2e82976b16f) + +At 3:33pm EST, this happened: + +&#x200B; + +[Image borrowed from u\/JOEBlDEN since he made such a nice one.](https://preview.redd.it/oqfkfmw1zci91.jpg?width=1900&format=pjpg&auto=webp&s=4df45fe13fb5f2e727a726e9d4c812be2473fe3b) + +&#x200B; + +So, someone spends over a million dollars on puts right before a very, very damaging headline comes out and gets copy-pasted everywhere before being "corrected"? Notice the time on the article has also been changed to 4:08pm EST - after the market closed. Huh, is there a name for this kind of thing? There is! It's called a ***Short and Distort.*** What is a Short and Distort? Let's read the Wikipedia Definition: + +"**Short and distort**" is a type of [securities fraud](https://en.wikipedia.org/wiki/Securities_fraud) in which investors [short sell](https://en.wikipedia.org/wiki/Short_selling) a [stock](https://en.wikipedia.org/wiki/Stock) and then spread negative rumors about the company in an attempt to drive down stock prices.[\[1\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-1)[\[2\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-2)[\[3\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-3) + +It is often performed as a form of [naked short selling](https://en.wikipedia.org/wiki/Naked_short_selling) in which stock is sold without being borrowed and without any intent to borrow.[\[4\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-4)[\[5\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-5) Once the stock price has declined, the investor uses the proceeds of the initial sale to buy a larger number of the company's shares than sold originally. Some of the newly purchased stock is used to fulfill the short-selling contract; the remaining shares are then offered for sale, which causes an additional decline in the company's share price. + +During the takeover of [The Bear Stearns Companies](https://en.wikipedia.org/wiki/The_Bear_Stearns_Companies) by [J.P. Morgan Chase](https://en.wikipedia.org/wiki/J.P._Morgan_Chase) in March 2008, reports swirled that short sellers were spreading rumors to drive down Bear Stearns' share price.[\[6\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-6) [Democratic](https://en.wikipedia.org/wiki/Democratic_Party_(United_States)) [Senator](https://en.wikipedia.org/wiki/Senate_of_the_United_States) [Christopher Dodd](https://en.wikipedia.org/wiki/Christopher_Dodd) felt this was more than [rumors](https://en.wikipedia.org/wiki/Rumor) and said, "This is about [collusion](https://en.wikipedia.org/wiki/Collusion)."[\[7\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-7) Chase was victimized by a similar "short and distort" scheme six years earlier when rumors arose about its purported relationship with [Enron](https://en.wikipedia.org/wiki/Enron).[\[8\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-8) + +In a December 2006 interview from [TheStreet.com](https://en.wikipedia.org/wiki/TheStreet.com)'s "Wall Street Confidential" webcast, [Jim Cramer](https://en.wikipedia.org/wiki/Jim_Cramer) stated that some hedge fund managers spread false rumors about companies to the media and trading desks to drive a stock down: " ...it's important to create a new truth, to develop a fiction."[\[9\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-9) Cramer said this practice, although illegal, is easy to do "because the SEC doesn't understand it."[\[10\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-10) + +Cramer said one strategy to keep a stock price down is to spread negative rumors to reporters he described as "the Pisanis of the world" in reference to CNBC's [Bob Pisani](https://en.wikipedia.org/wiki/Bob_Pisani). "You have to use these guys," said Cramer. He also discussed getting "the bozo reporter from The Wall Street Journal" to publish a negative article.[\[11\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-11) + +Now, is a Short and Distort illegal? Well, let's check with the SEC: + +**Short-and-distort schemes violate federal and state law** + +The so-called short-and-distort scheme may violate the Securities Exchange Act anti-fraud provisions, as well as SEC Rule 10b-5, just like the better known antithetical "pump-and-dump" scheme. It checks all the boxes: (1) misrepresentation to the market (through articles, blogs and social media); (2) materiality (often including false statements about a company's financial condition or viability); (3) an intent to deceive (manipulating the market to create downward pressure on the share price to make a profit); and (4) connection to the purchase or sale of securities (initiating a selloff of securities to allow the short seller turned analyst to cover their short position). Likewise, this scheme may violate state securities and consumer protection statutes and common law. + +Huh, guess it is! You, know, it's kind of weird that Cramer's name came up in the Wikipedia definition. I wonder if he's ever said anything on camera about this specific kind of crime or committing it? + +[Oopsie!](https://www.youtube.com/watch?v=r07Gg92YjOI) + +Well, that's awkward. But at least Cramer hasn't been talking bad about BBBY or acting crazy about that particular stock lately. + +[Totally normal.](https://preview.redd.it/c98u4jnc2di91.jpg?width=1439&format=pjpg&auto=webp&s=1255e3eb8c268e24fbf2ffa2e5097af2d079b2d9) + +And he definitely didn't take a victory lap after the Short and Distort: + +&#x200B; + +https://preview.redd.it/gcvxt2z42di91.png?width=531&format=png&auto=webp&s=89f1cc8097769a68540e7701e4317bb8e55455fa + +And he absolutely, 100% didn't try to enhance the effects of it: + +&#x200B; + +https://preview.redd.it/00boo8rz1di91.png?width=598&format=png&auto=webp&s=d770a8ccf4d8dca75eb3ab6cb363b63aef638eca + +Man, what a WILD bunch of coincidences that just happened today with BBBY!! I can't believe it! Oh, and there's one more little question I've been wondering about. + +HOW THE FUCK DID SEEKING ALPHA GET THE GODDAMNED FORM 144 BEFORE IT WAS SEARCHABLE ON EDGAR!?!!? Also, speaking of that Form 144, two were filed today. Check this out: + +&#x200B; + +[Example 1](https://preview.redd.it/52symhrx2di91.png?width=560&format=png&auto=webp&s=7c5a5be5f816952ca386371dbdec46e5fd13abc1) + +&#x200B; + +[Example 2](https://preview.redd.it/syz0ia6z2di91.png?width=574&format=png&auto=webp&s=3c2898a0a97ff868afc5f1dc71f3578c5289893b) + +I'll let you all come to your own conclusions about how a form that was emailed to the SEC appeared early on a website in a short and distort attack with different spacing and capitalization. + +&#x200B; + +EDIT: well, fuck me if Cohen didn't make me look like a total jackass. +And that will be an all time high for him. I guess it's getting harder and harder to find deals out there (I suppose - he's buying airlines for Pete sakes). +I keep hearing and reading of people saying that on average it takes about 3 years of losses and blown accounts until a trader is able to reach consistent profits. Is it true? Or does it take even longer ? +Lots of things along the way impact our journey to fatfire. What choices did or didn't impact the trajectory of your path. + +For me it was accepting the right internship and deciding to start a business on the side. + +Things that impacted my journey less. College choice, MBA, networking. +Hi all, hopefully this is an OK place to ask this question (if I should post it somewhere else please let me know)! + +I have a 1 month old and my MIL had initially told my partner that when we get the baby's SSN, she needs it to open an account for her. However, now she says that she needs a COPY of the social security card because she needs to "present it" in order to open the account? Is that a thing? I don't believe that she would steal her identity or anything, but she is extremely controlling and manipulative and I don't know if I feel comfortable handing her a copy of my child's SS card. + +Basically, I am asking if there is any type of account that would require a non-parent to present a child's social security card in order to open it? Thanks! +So there's a guy in Pennsylvania who was born on the same day as me with my name. I originally found out about it after being denied a job because of "criminal activity" that was resolved after I disputed it with the third party company that did the background check. Within a few hours I had gotten ahold of the court that booked him and got supporting documentation to prove his middle name and SSN were different. They fixed it after a delay and I got the job. + +Fast forward to now, and I'm applying for an apartment. I was denied for the same reasons. The guy has since run up quite the arrest report collection. I told the leasing company and they reran my report using more information and it didn't help, I kept getting pinged for them. Then I disputed it with the company (CoreLogic) and after 24 days they gave me my results. They deleted about *HALF* of the 10 or so reports on my record. All of the reports are from the same county though. But because of the results not completely being removed from my report, I am being denied the apartment. If I can prove it wasn't me, but the courts won't go as far as to verify it, what are my options? Do I threaten to sue CoreLogic for operating in bad faith? The courts won't deal with me directly, nor will CoreLogic do anything for me but say "file a dispute and if the courts verify it wasn't you we'll take it off your report." I have less than a month to find a new apartment and all of this is really making me worried that I'm about to be living in a hotel.. + +tl;dr some guy didn't steal my identity per se, but he's still impacting my ability to pass background checks because the courts don't verify anything beyond first name, last name, and DOB + +**edit 1:** okay.. so, I've gotten a lot of great responses about where to go from here. I'm on the road for work currently, so I have to get to sleep, but tomorrow morning I'm going to wake up and listen to a few hours of hold music. I'll give an update after I talk to CoreLogic, my attorney(s), and the leasing agency. Best case scenario, they say, "oh my god, we were so wrong! We'll fix it and send you a fruit basket for your trouble." The realistic response will probably be more along the lines of, "We can't change it until the record is changed and we have 30 days to change it if that comes to be.." as that's what I got before. + +**Update 1:** I just spent the better part of three hours dealing with the credit bureaus, background check company, my prospective leasing agency's corporate office, and the clerk of courts. Not too much has changed with the exception that I got my hands on the public records from that county. It's worse than I expected. Some of the dockets only have FN, LN, & DOB. So the ones with no middle name are still being pinged to me, regardless of the fact that the other cases show that this guy with my name have a different middle name on them with the same DOB. Also, they said that they have an address on file that matched the PA one with the court cases. Well, I explained to them the circular reasoning that the address they have was obtained in error because they obtained it based on FN, LN, DOB from the court cases and there was a long silence, then they put me on with a supervisor who was also useless. BUT now it's being "escalated". From where I stand, it's impossible to prove via documentation to them that this person isn't me because they didn't put any information in the dockets other than the FN, LN, DOB!! It's just turtles all the way down with these people. My leasing office understands and is being patient. I'm going to turn to the Attorney General of PA next to see if I can have those records clarified by having them supersede them with more information for future references. + +Also, I don't think I can just change my name and make this go away. I'd still have to provide my previous name(s)/aliases in the future. So I have to get this removed from my credit history and criminal history head on. Also, I'm an airline pilot so I have to maintain a positive training history with FAA. So if I changed my name, I'd have to go back and get those records all changed with my previous employers apparently. It may be more than just a simple form in my local courthouse. + +**Quick aside: *No, friends. I'm not going to have him killed. Though I'm sure you guys meant well and everything.*** + +**Update 2:** The corporate office of the apartment building did a little digging and decided that despite the CoreLogic & credit check, they're going to override and approve us for the apartment. I'm still going to have to dig in and get these records either clarified with more identifying information, or removed. I'm sure this won't be the last of my troubles with this guy. I'll update again after I talk to the Attorney General's office tomorrow. + +**Update 3:** So it took some doing but CoreLogic removed those items from my report. PA uses public records, so I was able to get ahold of the Clerk of Court and have her pull up anything related to my first and last name. She eventually directed me to a public records portal and I was able to access the dockets and match them to the 4 items that were marked "verified as reported" on my dispute results. Some of them didn't contain anything more than FN, LM, DOB. There's no imperative for them to use anything more than that, and anyone can seemingly tell them anything they want if they don't have an ID upon their arrest. The records were right next to other dockets that referenced other dockets and court summaries that DID contain a middle name. I was able to follow a paper trail and show that at some point the defendant was referenced with his different middle name. + +**Here's the rub. Corelogic may have fixed my consumer report but it's going to keep happening to me. The advice I got from an attorney is to have them ship me a hard copy of those results. Copy those and store them onto a cloud server somewhere that I can get to them any time I need them. Then the next time this comes up, show the results to the party or better yet, show them when I apply for anything that requires a background check. And hope he gets his shit together, of course.** +I work extensively with complex data sets to model projections and forecast. I often work with data sets that incredibly challenging, extensively large, and ambiguous and uncertain. Much of my job involves making sense of the non-sense, and stitching together a clear data-driven story that is 1) accurate, 2) accurate, 3) accurate. + +Here is my take on the current DRS situation. + +The *reported* DRS totals are below with my *actual* projections. Below is a full explanation. + +Period ending 10/30/21: Reported 20.8M, Actual 20.8M + +Period ending 1/29/22: Reported 35.6M, Actual 35.6M + +Period ending 4/30/22: Reported 50.8M, Actual 48M (DISCREPANCY) + +Period ending 7/30/22: Reported 71.3M, Actual 60.1M (DISCREPANCY) + +Period ending 10/30/22: Reported 71.8M, Actual 71.8M + +\---- + +DRS share count can only increase based on 2 actions: 1) new account creation, 2) current account holder DRS' additional shares. + +New account creation is the more impactful of these 2 actions to the DRS totals. New accounts often deposit *more* shares initially compared with current account holders that deposit incremental shares. For example, Bobby DRS's his shares from X bank of 1000 shares in multiple rounds. This is his entire holding. Each month, he contributes 10 shares. His contribution is less than his initial deposit. This is why tracking new account creation will be our "primary driver" in the analysis. The "secondary driver" will be additional deposits from current account holders. + +\---- + +The new accounts created during each quarter is as follows: 74k -> 46k -> 33k -> 28k -> 20k. Notice anything? The number is getting smaller. This makes sense. We see the initial surge/rush, this behavior is similar to a product launch, or really anything new. You see the surge and then demand tails off, quickly at first until there is a "long tail" more gradual decline at the end. + +Now look at the DRS totals each quarter: 20.8M -> 14.8M -> 15.2M -> 20.5M -> 0.5M. Notice anything weird? In the period ending 4/30/22, the DRS total *went up* by 0.4M from the prior quarter while the new account creation fell -25% (-13k). Same with the next period ending 7/30/22, the DRS total again went up +5.3M despite accounts again falling -15% (-5k). + +\---- + +So where do we go from here? We model out our projected *actual DRS totals.* How do we do this? Simple. + +We split our DRS totals each quarter into 2 segments. Segment 1 is the DRS contribution only from new accounts. Segment 2 is DRS contribution from existing accounts. + +So how do we do this? We start with what we know. + +1. In the 1st quarter of period ending 10/30/21, the average shares per account was 280. This is our starting point. From this point forward, we assume all new account creations add 280 shares (on average) to their account in the quarter they setup the account. Yes I understand this is an assumption, which we must take when dealing with limited data. +2. Keeping #1 in mind, in following quarter of period ending 1/29/22, we are able to calculate the *additional shares* that existing account holders add on average. This number is 29, or in other words current account holders increase their holdings by +10% (from 280 initially, see #1). +3. Based on #1 and #2, we can now solve for each quarters *actual projected DRS totals.* + +\---- + +Here is the breakdown. As you can see, the *actual* DRS totals each quarter likely slowly declined which would be typical expected behavior. Again, we would expect to see an initial surge followed by a sharp decline and then a long tail of steady decline. The only thing that would change this course is a major catalyst (huge lift in new account creation or a massive whale DRS) or a major headwind (major recession and apes forced to sell to put food on table) + +&#x200B; + +|Period Ending|New Accts|DRS Contribution from New Accounts||Old Accounts (beginning of period)|DRS Contribution from old acounts||Total| +|:-|:-|:-|:-|:-|:-|:-|:-| +|10/30/21|74k|20.8M||\-|\-||20.8M| +|1/29/22|46k|12.8M||74k|2.2M||15M| +|4/30/22|33k|9.2M||120k|3.5M||12.7M| +|7/30/22|28k|7.9M||152k|4.5M||12.4M| +|10/30/22|22k|5.6M||181k|5.3M||10.9M| +|||||||GRAND TOTAL|71.8M| + +&#x200B; + +TLDR: DRS, DRS, DRS. +Throwaway due to admittedly irrational paranoia. + +I work in banking/consulting/law/whatever the prestigious, long-hours, low-societal-value occupation *du jour* is. Not a doctor or engineer. + +I am extremely burned out. I ended up being the youngest elected partner/MD/VP in history at my global firm, and, having grown up in a poor background, it just about killed me to do it. I’m in very bad physical (I have rheumatoid), mental and emotional shape. I need to get a handle on this, because I’m starting to lose my grip a bit. + +Yes, I hear you on “therapy” - and if I’m going to pursue that route again, I need to work with someone that has experience with /r/FatFIRE ‘s admittedly small cohort of mutual experience. + +I’m unable to ask for recommendations from colleagues due to the competitive nature of my firm. + +Any advice from those who have been here before would be extraordinarily welcome. Thank you in advance. +Can someone explain to me how you can buy a investment property for 300k, putting 60k down. So you get a tenant, they pay your mortgage, and you’ve got a bit of cash flow (maybe 500 or 600 a month). + +How the hell are you supposed to save for the next property? It’d take maybe 5 years to save another 60k for your second property, not to mention that property prices will have increased during that time frame... + +Even if your property has appreciated you’ll lose cash flow by refinancing. Is there something I’m missing? + +I also believe that since “flipping” has seem to gone mainstream, that prices are inflated on the fixer uppers too. +One of Mutual Funds favorite - Infosys ADR is 17 percent down at the time of writing. A lot of mutual funds/FII/Retailers will be looking to sell early in the morning where is the money from Infosys most likely to flow ? TCS? HDFC bank? RIL? +I am very superficially exposed to investing in equities. I was wondering if there is a checklist which someone can go through before investing in a stock. + +Some things I can think of : + +1. P/E ratio: a lower value is better +2. Stocks held by internal employees +3. Insider trading info +4. Promoter share + + +What other things should be checked while doing fundamental analysis of a stock? + +&#x200B; + +I know this will again be only touching the iceberg but it will do for now as a starting point. + +&#x200B; + +Also please feel free to suggest any good book for the same, which is short (100-250 pages) +Hello, +I ended my tenancy 25 days ago for a flat in Cambridge and I have still not got my deposit back. I have been emailing back and fourth with the letting agency and they keep giving me things they want to charge me for through the deposit. + +A time line of events: + + +- I left the flat on the 16th after filming it and sending it to the letting agents. They commented saying it looked clean but they were waiting to inspect the property to get a full idea of the condition. At this point they had refused to do a walkthrough of the flat whilst I was still there. + + +- on the 17th/18th they had a third party company do an inspection of the flat which they sent over the 68 page report. Some highlights include: + + leaves...outside on the pavement and drive. + +A key... For the window on the window sill + +If you move the sofa there was a metal tab off a can. + +If you look between the drum of the washing machine there were some debris + +If you open the fridge and peel apart the rubber seal you will find a few specks of dirt. + +This list goes on. + +- a few days later they tell me they want to bill me for the garden. A full clean down of the flat. Removal of the bins. Changing the lightbulb in the porch (which I swear was working when I left) and taking away items in the flat (they were refering to a kitchen bin which I left under the stairs for the next Tennant's as the flat did not have one. I emailed them before doing this.) + + + - last week I emailed them saying I was happy to pay 200 pound in total. 8hrs of a cleaners time at 20 pound an hour and then another 2hrs of a gardeners/ handyman time at twenty quid an hour. I thought this was a rather generous offer but since the deposit is 1750 I wanted at least most of it back fairly quickly. + + +I just wanted some advice. My current mindset is to call them today and tell them I'm not happy with paying any more than 200 pound. Then see what they give me back. If they have taken out more than the 200 just file for small claims court and sort out the difference through there (I believe the smaller the amount the smaller the filing fee is). + +Just to note. On there email footer they say they are part of the tenancy deposit scheme yet my deposit was never put into one and it says on the tds website that a deposit should be returned within ten days. + +Thank you for reading this. + +Edit: Wowzers you guys are quick, I forgot how much I love this community! Step one seems to be to confirm that the deposit was in a scheme or not and then go from there. + +Edit 2: thank you for everyone's comments. So it turns out the deposit is in the tds scheme and they want 400 quid out of the deposit (300 of which for cleaning the flat). It sounds like they want to charge me for the covid cleaning they do between tenants (not that they have said as such, it's just the impression I get). I will dispute this charge through the tds scheme and submit evidence since it costs me nothing. +In 2018 my father had no job for 2 years prior and we were able to finance my sister’s college education while owning close to $16,000 at the end of it all (this year 2022). She went to a State college and got some benefits from it. I was prepared to also get help from my parents (they insist I go to college and also insist I pay for my own education or else they’ll kick me out and/or ship me away at 18) but they are apparently not planning on helping.. at all. + +I got admitted to NYU early admissions, but my CSS profile was submitted late (courtesy of my lovely mother). The school is offering $0 in-school need based financial aid because of this and the fafsa only comes around to 14,995. The cost to attend after deductions is still 76,755 yearly. I was offered a $3500 subsidised loan and a $2,000 unsubsidised loan. I was also offered a $68,313 federal plus loan. + +My parents are trying to reject this for me even though they aren’t paying anyway and I won’t let that happen. Chose this school out of hundreds because it is my dream. I know it ma sound a little quaky, but is here any advice on how to go about this? + + + +Update: thank you for all your advice. I’m literally 17 so the downvotes are kinda petty lol. But I’m going to call tomorrow and see if I can increase my need based aid and if I can’t then I’ll decline the offer. Thanks again! + + +Update #2: Okay, this is getting a lot more attention than I initially thought it would. So I’m gonna clarify a few things. + +1. My parents do NOT OWE me money for college as a function of their “job”. The reason why I mentioned my parents is because they promised me and my siblings since we were young (continuously) regardless of any costs. There was no planning or foresight (paying is not the issue tbh, it’s the fact there was NO planning even though they knew. They ARE irresponsible and thats not a debate). + +2. I’m only 17 (I’m a guy) and though I have researched, I didn’t have a lot of information about student loans and debt. I am NOT a financial guru. I do NOT have a lot of knowledge about my situation and I sought help. Making fun of me or bring cynical towards me because of my age and/or situation is not helping anyone. + +3. THANK YOU. I’m not taking the offer. I had hundreds of people warning, scolding, begging me to not do this. Im listening. Im waiting on other, more affordable college options whom offer better financial aid at this point. Thank you so much. +We are hosting a Ukrainian woman and child. It is not going brilliantly, especially from a financial perspective. I'm starting to get concerned that without our financial help they will never be able to move out and while I do want to see them out and settled, I can't bring myself to make them homeless. The council have been pretty clear that social housing isn't an option, they either find somewhere private, stay with us or become homeless. + +I have been thinking of starting to charge them rent at the limit that the UC housing component will pay, ie at no direct cost to them. I don't think any tax would be due unless we went over £7500. Then in May once they have been in the country for a year and have employment records, bank statements etc, we will give them the accumulated rental income as a gift to pay a deposit and hopefully a couple of months' living expenses, allowing them to move out and rent privately. She is working now so hopefully would be able to pay the bills etc herself after the first couple of months. + +My question is whether this would be seen as fraudulent by the DWP? You could say we are exploiting housing benefit for the purposes of giving it to them directly. I don't want them to face any repercussions. + +Any other suggestions would be much appreciated. +Fellow apes, I would like to provide a reminder that this milkshake you're about to drink is not held within quantifiable means. The entire financial system has a giant ass straw shoved into it and it's the holy grail of thicc ass milkshakes. + +With the Ortex news alot of talk about price have come up. If we are potentially 100 - 157 million shares oversold by a single institution, that means we have only sucked up the first tier of the milkshake, and baby, it gets creamier as we drink it. + +We haven't even seen the price really change and they're trying to prime us for the cursed S word. Well, I am absolutely salivating at this peak behind the curtain that I have my straw shoved into. If they think suggesting things will spike and come crashing down will get me to sell they're forgetting that they've already tried that back in Feb 2021. + +Now, if we're only 100 - 157 milly oversold by one institution, I can't imagine what it looks like in others, and can't imagine how impossibly fucked these idiots are. So whatever you do, don't get sucked into the BS, know your worth. + +They need every damn share. + +This is the infinity milkshake motherfuckers. + +Edit: It warms my heart that each time I post these infinity reminders to see more and more of you are starting to understand that infinity is not a dream, hodl and it will be a reality. +How do you and your partner manage finances, especially if there is a significant earnings difference? + +Not looking for advice, more looking for examples and how what you’re doing has worked for you or not +Often times I hear about people who reach a $1 million net worth yet they don’t feel wealthy or satisfied at all when I believe that this should be viewed as a tremendous accomplishment. Getting to $5 million is impossible if you never reach $1 million. + +I view $1 million as the ticket to true wealth yet many people down play the idea of $1 million. So my question is, at which million did you feel wealthy enough and how did you get there (stocks - what was your strategy, real estate, crypto)? +Folks, I bought Suncor last year June when every stock went on some massive bull run for no reason. It took me nearly one year, to break even again, at $28. Shit happens. The stock market isn’t some instant gain machine. Your tech stocks and green energy stocks might take a while to get back to your book value. Don’t sell if you believe the company’s long term vision. +Good evening! Today I started thinking about the long future and wanted to ask you more details about the European retirement scheme. + +I cannot find anywhere an answer that would satisfy me. Let’s say my plan is to work the total of 12-15 years in 3 European countries, around 4-5 years in each. + +What happens if I accumulated all those years but from different countries and I hit retirement? Do I get only 1 transfer with everything I accumulated in the EU or would I get separate transfers from every country I worked in? + +Also what happens if a country has a requirement of the minimum # of years needed for retirement (e.g. Germany 5, Luxembourg 10). Do they actually require the years within this country or whatever accumulated within Europe counts? +I know, I know...before I get a bunch of people telling me there are so many considerations that impact this. + +Just want a quick gut check. + +Looking at buying a house, realtor has it listed at 349,900. We aren’t using a buyers agent, so saves the seller 3%. Thinking about offering 325k with 7,500 in seller paid closing costs. Think this is too low and will offend? The house was built in 2006 and has original roof, appliances, HVAC etc. + +Thanks in advance and I will wear my helmet when reading these comments lol + +EDIT: House has been on the market for only 3 days lol I know! + + +2ND Edit: To all the HATERS on here. Selling agent just responded and seller accepted terms, selling agent renegotiated their contract with seller and brought their commission down to 3%. All the agents on here saying this isn’t how this works and YADADADA HAHAHAHAHAHA SOOOO WRONG. You agents are not helping your case to disprove that many of you are just like a scummy used car salesman with a license + +3rd edit: some people are pretty interested in this. We just started a subreddit called r/noagents to discuss this topic in more depth. Let’s all talk and compare +Sorry if this is vague, I am new to studying economics. I'm curious what you all think will happen once the feds raise rates, as this year's economy has been insane. With the stock market at all-time highs, and the used car and housing sectors blowing up, won't there be a severe recession in the economy, once the Feds raise rates? It seems to me that the Feds are just delaying the inevitable right now, and the economy will see a severe correction once the stimulus and helicopter money stops. + +Any response is appreciated! +I'm 99% sure the answer this is no. But I'm a little confused because. + +1. Why else would it be named in such a way that suggests it's nationally owned +2. it merged with the 'National Commercial Bank of Scotland' in 1969, which was in turn formed by a merger 'National Bank of Scotland' and 'Commercial Bank of Scotland' in 1959. I can't find anything stating explicitly that these banks are state-owned, but based on their names, I feel like they must be. + +If the answer is no, then why are they named as such? + +&#x200B; + +I'm trying to determine if it's in anyway comparable to banks like KfW Bankengruppe in Germany, or even the 'Scottish National Investment Bank' in Scotland itself. + +Thanks! <3 +I've seen it posted a couple times here that decreased consumption generates growth and increased consumption would reduce growth, but I don't understand why that might be - it seems like the opposite of the usual explanation. + + +Under one model I've seen, a decrease in consumption causes excess inventory, which counts as an investment in some models. However, companies respond to excess inventory by cutting production, which reduces income, so there is no real increase in productive capital. I think this is Keynesian? This seems to be a fairly standard explanation for the 2008 recession? + + +Another model in an export-led economy might be that decreased domestic consumption allows for increased exports, causing foreign investments to rise. Some examples might be countries like Japan and Germany. But I'm not sure if that's a real increase in investment or just a change in ownership? And it seems like not every country can do this? (I've seen talk about a "global savings glut".) + + +What are other explanations? Which models use those, and how are they justified? +> In August 2020 at the online Jackson Hole conference, Chair Jay Powell announced a revision to the Fed’s long-run monetary policy framework by re-framing this goal as an average inflation target (AIT) of 2% over the long-run. With this new framework, the FOMC is communicating that it will tolerate inflation above its target for a period of time to offset periods when inflation was below its target. In other words, the FOMC is targeting average inflation of 2% in the long run. + +https://fredblog.stlouisfed.org/2020/11/from-inflation-targeting-to-average-inflation-targeting/ + +I don't see this brought up much. Is it still the case? + +There's been some research on applying control engineering techniques to central banking (e.g. https://www.tandfonline.com/doi/abs/10.1080/02692171.2019.1585766 ). For those familiar with control engineering, this basically shifted the Fed from being kind of like a P-controller to being more of an I-controller. Neither of these make sense to me as I can't imagine a good controller for this kind of system not being a full PID controller. + +Isn't the current period of high inflation a consequence of targeting average inflation? I don't understand why this isn't being discussed more broadly. +Is there anything government can do to limit extraordinary rent increases? [This](https://www.cbc.ca/news/canada/new-brunswick/rent-apartment-moncton-increase-1.5773243) is an example of what am I asking about. Are there any policies governments can implement to prevent this? +What existing evidence and theories support the claim (or similar claims) that increasing the federal minimum wage gradually would substantially increase aggregate output in the US economy? +# Causes of Sneezing + +As we know from studying history, 'the other sub' on Reddit - as well as less-substantial virality coming from Youtube and Twitter - was responsible for the viral following of Keith Gill's investment into GameStop Corp Stock ($GME). Keith invested into raw shares *and* options. Yet, it was the virality of what followed, and how that virality led to an increase in frequency and magnitude of follow-on investments into the same stock by others, that caused 'the sneeze' of January 2021. + +By understanding what caused this sneeze, we can obtain a better understanding of why subreddits today, and moderators alike, are outright banning any and all discussions about GameStop Corp stock at this time - unless it is bearish discussion. What type of specific investment are they trying to prevent you from making? One phrase we like to say around these parts are: *Ask Yourself Why.* So. Why are these discussion mediums (even twitter) becoming so controlled? Why exactly is this control so important for *the bad guys* to try to prevent the real squeeze, aka MOASS? And why would once-popular mediums and subs *that actually contributed to* the sneeze now become a bearish-against-meme-stock wasteland? Read below and you'll understand everything. You'll even learn the theoretical cheat code - the password for how to actually 'induce' MOASS. + +# Going to the Doctor's Office + +To figure out why we sneeze, we go to the doctor's office and figure out what is causing it. Let's reverse engineer the sneeze. It is the understanding of options phenomena which is why other subs and mediums have actually become financially \[and perhaps even criminally\] compromised. + +Although the SEC withheld droves of data from its [GameStop report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) dated October 14th, 2021, they revealed a few truths that I can point out here upfront. Let's just jump right into it: + +&#x200B; + +[SEC GameStop report page 40 - The Dollar Value of Options Input](https://preview.redd.it/uv4t0dm5ctd91.png?width=1243&format=png&auto=webp&s=1c924301d0e5ff2bc2d91a6a9f6ac543c997087e) + +[SEC GameStop report page 40 - \\"ThEoReTiCaLlY\\" Raw Stock Purchased to Hegde Written Calls](https://preview.redd.it/69yb12xj7td91.png?width=1263&format=png&auto=webp&s=4fa8d29542c7aadead6bf2c5cc6fca4b76fb9b67) + +&#x200B; + +[SEC GameStop report page 41 - Evidence of Direct Dollar Volume over Time via Calls](https://preview.redd.it/075haaza7td91.png?width=1152&format=png&auto=webp&s=0e57501e201d32f323c2bd6b5f07110460f853c9) + +&#x200B; + +[SEC GameStop report page 42](https://preview.redd.it/p5hc8pmi7td91.png?width=1247&format=png&auto=webp&s=380e4174d52367f521629ee8f69b2d09b90d881e) + +&#x200B; + +[SEC GameStop report page 42](https://preview.redd.it/yag4p7aj7td91.png?width=1208&format=png&auto=webp&s=61c5c789a5cec95c95811352b5430a96c7cfd3e4) + +# + +# The Risk Free Bank + +Sideways trading benefits options writers. But also, short-sellers can remain a neutral or growing balance sheet using their long calls position as offset with shares sold not yet purchased. Citadel as a market maker can peg the price, and as a hedge fund, they can benefit from the above risk-free trading model by forcing sideways trading. + +'Risk' usually involves four categories: + +1. Investing in the bank +2. Withdrawing from the bank to buy a security +3. Borrowing to short a security +4. Hedging with Options and/or one of the many multi-options strategies + +&#x200B; + +# Citadel's Partial Differential Equation for Options + +As we know, Citadel lists assets and liabilities, like all firms do, on its year-end financials. Yet, they do reveal on their 2021 financials that their liabilities are "*shares sold, not yet purchased.*" This, to me, was the giveaway that they are employing a risk-free, Black Scholes, trading model to exploit retail investors using price pegging via order routing exploitations via varying lit and dark volumes to keep prices where they need them, and when they need them. They can modify their risk-free coefficients on the fly, in accordance with their trading team of over one hundred seasoned trading professionals, and with the help of their analysts, psychologists. They are also prone to margin collateral requirements, and their internal requirements based on their current liquidity (which is dropping due to other stocks market wide, long positions, failing in 2022). This has put pressure on them, as it has everybody. + +We can focus on what Citadel is doing with meme stocks, and specifically GameStop: + +GameStop's value 'S' (which is precisely what we are interested in) at any given time 't' depends upon the price of its underlying asset, therefore 'St'. + +Let us pick the **call option** as the prototype example of a financial derivative and express its value as + + 'C' which is a function of (St, t) + +The quantity Δ (delta) being a mathematical derivative can be viewed as the sensitivity of the call option to small changes in the underlying asset; going back to high-school calculus: + +∂C/∂S is the slope of surface of the plot of C(S,t) (the call option volume) in the asset-space - if the slope is big it suggests that a small change in S can have a big impact on the price of the call. Continuing with the calculus motivation, we can also think of the second derivative ∂2C/∂S2, and the time derivative as measure of sensitivity too. In the financial literature these derivatives are assigned their own greek letter, collecting them together here we have: + + Δ = ∂C/∂S (delta or 'price velocity') + Γ=∂2C/(∂S2) (gamma or 'price acceleration') + Θ=∂C/∂t (theta or 'change in call option price over time') + +These are the so-called ‘greeks’ of option pricing. They play an important role in MOASS. These 'greeks' are usually more informative when we have a portfolio 'Π' of call options and assets of the raw underlying which cancel the option in risk (such as a raw borrow and subsequent short sale of the stock). + +Therefore, we can combine the stock value over time 'St' and the call option C(St) in such a way that it is ***free of any risk***. Here’s the step: + +We can build a mini-portfolio to replicate Citadel Securities' model: 'Π' consisting of a long position in the call option and a short position in the GameStop. Specifically, it is equivalent to holding the call and **short selling** a quantity Δt units of St. This means that at any time t the value of the portfolio is: + + Πt = Ct − ΔtSt + +we always ensure the the number of units Δt involved in the short side always matches the partial derivative ∂C/∂S + + Δt = ∂C/∂S + +If their portfolio is balanced so that Δ=0, then it is almost immune to small changes in the underlying asset price; in such a case the portfolio is said to be *delta-neutral*. + +The *gamma* measure tells us how sensitive the portfolio is to its Δ. If the gamma is high, this suggests that the portfolio is very sensitive to the delta and, unfortunately for the portfolio manager, indicates that it needs to be rebalanced more often. Ideally, the portfolio manager who is concerned about risk, should try to ensure that the portfolio is both *delta-neutral* ( Δ=0 ) AND *gamma-neutral* (Γ=0); in normal applications they want delta and gamma to be kept small. + +***This just leaves the sensitivity to time***. As time marches on and we approach the expiry date T of the option, it loses value (it is a decreasing function of time) and the Θ will be negative. So, to prevent Citadel from being able to exploit the risk-free condition of "Pegged GameStop" price (also known as trading sideways), the only way is to tap against their equation directly in the shortest amount of time (*since they only benefit from both increased time and sideways trading*). How to do this directly? Don't ever buy out-of-the-money anything. No out-of-the-money call options. But, safe in-the-money call options is good with intent to exercise and directly register with computershare. + +This directly causes MOASS, because it does the important things very quickly: it does not feed their residual income to increase their short, upon exercising it directly steals their share allotment that they are using to write calls, it depletes their reserve capital immediately, and the exercise-to-DRS (removal from the supply) is done in even shares (not odd lots) which impacts price, the exercise-to-DRS impacts bulks of shares and has a reflexive and accelerative effect, forced acute demand to always be above supply and thereby prevent sideways trading. *Therefore, this method hits them in all areas directly and acutely - so much so that they'd do just about anything to get you banned, cancelled, and perhaps even banished from society just for mentioning.* + +# GameStop Price Velocity (Options Delta) + +Delta = Change in the option price for every $1 change in underlying stock price. + +In-the-money call options delta *will move toward 1 at expiration*. + +Delta may be more sensitive to time until expiration and volatility the further in the money or out of the money the option is. Delta is also used to measure exposure to the stock. For example, if a long call is showing a delta of .30, the trader might think of the position as if he were long 30 shares. + +Yet another application of delta is that it can provide a probability estimate of the likelihood that the option will be in the money by expiration. If your long call is showing a delta of .70, some traders may think of this as having approximately a 70% probability of being in the money. This can be used as a risk management tool. + +&#x200B; + +# The Doctor now tells you: "So, you clearly like the stock, there's nothing you can do about it, so here's the prescription for MOASS": + +Delta .50 (pronounced 50 delta) means the option is at the money. This implies 50% mathematical probability of expiring in the money. The SEC brought this up in the report because 50 delta options did reach nine times normal 2020 levels. This was quite literally the last thing the SEC focused on prior to writing the conclusion. The SEC was effectively admitting, as I am herein, that both investment into and exercise of '50 delta' and above options were causally responsible for the January 2021 sneeze. + +The cheat code, however, is that higher delta options (such as delta 70) meaning safer and deeper in-the-money to increase likelihood of expiry in the money, means that call writers have an extremely high likelihood to force transfer droves of shares, in even numbers, to long-term investors. Their options strategies, as combined with their short sales, are what Citadel is relying on for the balanced books. + +GameStop longs have the cheat code staring right in front of them, specifically #2, #3 and #5 below, and here it is: + +&#x200B; + +# The "Up, Up, Down, Down, Left, Right, Left, Right, B, A, Start" to MOASS: + +&#x200B; + +1. Avoid, at all costs, out-of-the-money options, as this only feeds their routine, allows them to grow the size of their residual income where they then park into more short sales +2. If you are an options investor, then **buy 'Delta 50' or above GameStop call options ONLY** (meaning either deep in-the-money, slightly in-the-money, and/or at-the-money call options). +3. **Exercise these 'Delta 50 and above' in-the-money call options specifically to directly steal Citadel's long GameStop shares sum. This sum can go away. They deploy it to write&sell calls; it's the reason they're inclined to maliciously-peg GameStop's price in accordance with their Black Scholes risk-free model of exploitation. Invest in call options that would only safely expire in the money. Minimize any selling of those call options. Instead, try to employ capital to exercise those in-the-money-only call options. Hedge Funds are indeed willing to take a hit or two to buy your call options that you prematurely close in order to ensure that they don't get exercised.** +4. Also buy raw shares, as the math shown above shows that you are mitigating your own risk by holding non-derivative positions. +5. **Immediately Directly Register (DRS) both those safely-exercised-in-the-money call options (as shown in #3) and those raw shares held in deceitful brokerages working with the DTCC (as shown in #4)** + +# Edit 1: List of Undisputed Benefits + +**Buying-*****'50 delta and above'*****-call-options-to-exercise-straight-to-DRS** (and/or simply forcing call buyers that keep handing money over to Citadel to stop buying out-of-the-money and instead just buy in-the-money) has the following benefits that raw DRS alone lacks: + +1. Takes raw shares directly from the final-boss market maker's hands upon exercise +2. This thereby directly reduces the amount of calls they can further write&sell, thereby relieving longs of the substantial derivative-based sell pressure +3. 2 day settlement on share exercise - as documented - versus an ugly 35 +4. DRS of these exercised shares is therefore able to happen 16.5 times faster. Possible same-week DRS **final** settlement (more immediate DRS impact on the books where it matters). *'Accelerates DRS'* +5. Causes Reflexive and slope-based impact on the price both directly and indirectly by real and implied volatility measures and derivative-to-stock price coupling +6. Causes actual price-based impact due to delivery occurring across lit exchange on visible charts +7. Causes actual price-based impact due to delivery occurring in 100 shares (even lots) which impact price, and thereby impact the call options prices as well, causing a positive feedback loop +8. Avoiding out-of-the-money calls alone tampers directly with their ability to keep shorting GameStop (as this has been their primary source of residual income and gaining collateral to keep adding more and more to their short position) +9. All of the above pushes against the variable of 'time', which was shown by calculus to be what they are most sensitive to +10. More rapidly reduces share supply and therefore minimizes likelihood of sideways trading, (overcomes their ability to keep the prices pegged where they want it long term) +11. Pushes against their share allotment and therefore diminishes their ability to continue to act as the 'house' + +*Edit 2 : And we still wonder why 'the other sub' with 12+M users is now pinning 'death to GME' repeat-yolo posts (in violation of their own written sub rules) which are trying to get people to buy derivatives in the short direction? Ask Yourself Why* + +# TLDR (Conclusion) + +As SEC alluded to in their GameStop report, 'Delta 50 and above' call options investing was the root cause of the sneeze in January 2021. Delta 50 and above (meaning buying in-the-money and even just-at-the-money call options) was causal to 'the sneeze.' O*ut-of-the-money options should be avoided,* because Citadel exploits order routing to prevent those from exercising, and therefore provides them excess capital to feed their raw short positions. They have literally bought an extra year and a half because of this problem. Options players (those who are addicted to this trading method) should consider only Delta 50 and above, (meaning buying in-the-money and even just-at-the-money options) **with intent to exercise those options to immediately DRS**. This cheat code impacts Citadel's model directly, and acutely, as shown. + +**'Time'** is the variable of choice for SHF. They have utilized every price-pegging technique available to buy 17 extra months, and they have managed to push GameStop's share price down 75% over that span. As the variable of time goes on, there will continue to be the out-of-the-money options \[that fail to expire in the money\] from desperate retail gamblers that unknowingly are pouring retail's capital straight into Citadel's hands, directly feeding their model (they might as well high-five the raw shares paperhanders). Simple removal of the pool of traders who are gambling on out-of-the-money calls was shown to alone be a powerful change. All of that retail capital, instead going to in-the-money calls, with intent to DRS and thereby settle a factor of 16.5 times faster, would have a substantial and immediate impact on GME's share price. + +The cheat code above, if employed in a day, could ignite MOASS tomorrow. This is why other subs have been hijacked by MSM. ***The bad guys know that Delta 50, or any amount of safe in-the-money-only call option investing into GME for that matter with intent to exercise and DRS immediately, is the MOASS cheat code.*** + +Good luck Superstonkers, Apes, anti-corruption fans, raw GameStop fans, and free market enthusiasts. +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! +[OC by DFDD](https://preview.redd.it/20tmqndonxv61.jpg?width=1920&format=pjpg&auto=webp&s=00b4b89082d12760a02c4051880703a00cdaea4e) + +Let me first thank everyone who works hard on DD that breaks down numbers and regulations to a palpable morsel so that the necessary information that we all need to stay informed doesn’t nosedive off of my brain like a slide lubed with astroglide. + +What I don’t see enough of though is psychological DD. These are my humble observations of human patterns and emotions as a diligent DeepFriedDonkeyApe, and I would like to address them in hopes of not just solidifying diamond hands for the MOASS, but diamond nerves for the after times when the poor ape problems are switched out for the rich ape problems.(Like Puff Daddy famously once said, “MOASS MO PROBLEMS”) + +In order to do that, I believe we need to openly discuss issues of basic human psychology and societal structures that are in place to keep us blind and dumb to our own devices + +&#x200B; + +**Emotional Fatigue** + +Some of you will be teetering on the precipice of being paper-handed bitches regardless of your post history pledging allegiance to the diamond hands club and upvoting every meme ridiculing the evil hedgey overlords. We are all heading into a massive shift. The DD points to it, the writing is on the wall. It is unprecedented at this magnitude, and you are not emotionally prepared for what is coming. Emotional fatigue comes into play regardless if the choices that are being made are positive or negative. It’s the fact that you will need to make a constant stream of high risk, high reward choices if you choose not to pull yourself away from the screen once MOASS kicks off. Furthermore, it’s that these are not just some basic input/output choices, these will be highly emotionally charged choices at every moment the price changes either up or down. + +&#x200B; + +Imagine this scenario if you will. “OMG MOASS IS BLASTING OFF! I NEED TO HODL! I AM STRONG APE! OMG OMG IT’S PASSED 10K, HODL FOR MY APE BROTHERS AND SISTERS! 100K LET’S GOOOO!!! … it dipped to 80K… is this it?? Did I miss the peak! Is this the way down? If I don’t sell now I will be a bag holder, and I won’t be able to afford my dog’s braces!!? BACK UP OVER 100K!! Maybe I should sell 1 share now, it won’t hurt! I just don’t wanna be a bagholder and I want to prove to everyone I was right!!This is what the hedgies want. They are stupid, but they also aren’t stupid." + +&#x200B; + +Even too much of a good thing will wear you down, and when you are mentally and emotionally worn down, it would be easy for you to be susceptible to a close friend or family member’s suggestions to SELL because all they see are big numbers and not the DD and community that supports this movement and our true value. Or say you go online and happen to stumble upon a shill post, or a shill messages you directly, and since you are already burnt out from your emotional high they can more easily suggest for you to sell under the guise of guidance. + +&#x200B; + +Remember, these assholes were born or indoctrinated early on into this kind of money and mentality. These types of figures are childs play to them, but to us who were born on the other side of the spectrum, it will be emotional, and exhausting even on the way up. + +&#x200B; + +[Link to an article on Mental Fatigue](https://www.psychologytoday.com/us/blog/imperfect-spirituality/201507/4-things-do-when-your-brain-is-tired) + +&#x200B; + +&#x200B; + +**Business is NEVER “just” business** + +Why am I so certain of that? Who run’s business? Who manages all the wealth that flows through the oily tacked fingers of the world? We do, people, humans with brains. Brains that are fueled by thoughts and emotions. Emotions that can be easily swayed if you are unprepared. The wall street assholes have been trying to manipulate us emotionally and during the squeeze they will be ramping up their efforts to save their own asses as much as possible. + +&#x200B; + +&#x200B; + +**Greed** + +We are up against some of the greediest mother-FUDders on this planet. From what I see, the ape sentiment is not entirely to combat greed with greed (although a little greed is prescribed) but to combat it with our smart math and science ape’s DD, and with the collective empathy of the everyday ape because most of us want better for this world. Be empathetically greedy. Remember, They have more money than you have brain cells, and will use that advantage tooth and nail until our collective overflowing diligence and patience prevails. + +&#x200B; + +&#x200B; + +**You will be manipulated** + +If not now by some hedge fuckery, then later on by people in your inner or outer circles and you should prepare for that. I understand that we want to think the best of the people we keep in our lives, but I reiterate again, We are about to be catapulted, not baby stepped, into heights we have never dealt with before. It will affect not just us, but the people around us for better or worse. Money doesn’t change people, money will just amplify who we already were. Insecurities, distrust, greed, jealousy, and much more will be directed straight at your big sparkly eyes. Regardless of your best intentions, which will amount to very little up against the mountain of FUD people deal with on a daily basis. + +&#x200B; + +There is a great post that I looked back on fondly that gave real world proof of this from the perspective of lottery winners. + +&#x200B; + +[What to do if you won the lottery pt. 1](https://www.reddit.com/r/AskReddit/comments/24vzgl/you_just_won_a_656_million_dollar_lottery_what_do/chba4bf?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +[What to do if you won the lottery pt. 2](https://www.reddit.com/r/AskReddit/comments/24vzgl/you_just_won_a_656_million_dollar_lottery_what_do/chba5nw?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +[What to do if you won the lottery pt. 3](https://www.reddit.com/r/AskReddit/comments/24vzgl/you_just_won_a_656_million_dollar_lottery_what_do/chba6fq?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Someone had posted this in a GME thread a while back, and all I saw in the replies were the same sentiments of, “That’s so depressing.” To me, it’s valuable information. It’s reality, and a necessary reality we need to come to grips with. For your sake and the sake of the ones you wish to bring up with you. I’m not promoting paranoia or full scale distrust of everyone, just a little more self reflection about the reality of this situation post MOASS and what you might need to prepare yourself for. Guilt and fear have been the bedrock of a lot of our childhoods. + +&#x200B; + +Parents and close friends sometimes use these tactics to manipulate us into doing things we don’t want to, but exclaim that it's in your best interest. Being firm and learning to say no will be your strongest tool. Set up trust funds, talk to financial advisers and lawyers of established businesses and high profile personalities to help you through this. Just wishing well, and hoping that your good intentions will make everything right as rain is a slippery slope in it of itself. We are empathetic, but don’t let it be your downfall. + +&#x200B; + +There is a time for yes, and a time for no. You will have to learn as you go but understand that money will not fix everything, in some cases it will make things worse and you need to prepare for those instances because you will not be able to control all the variables when it comes to other people's emotional stability. + +&#x200B; + +&#x200B; + +**Accountability** + +We were born into a rigged social system, but the problems in your lives are not solely the result of the powdered wig and powdered nosed debutants that sit on high. I get that the narrative has to be an US VS THEM for the troops to rally, but understand where you need to keep yourself accountable for the way things are in your life, especially where they are unfavorable. You will still need to hold yourself accountable for all the good and bad things that come after, and money won’t fix all of your fuck ups, only your character can do that. I personally don’t hate any of the hedge fucks, that’s a waste of energy for me and I don’t care to keep tabs on them other than knowing a general idea so I stay informed. + +&#x200B; + +I honestly feel a little sorry for them, that this is how they see life, on a shallow plane that constantly needs to be filled with even shallower tastes that never last. They were once kids as we all were, and somehow they were led to believe that taking advantage of an entire financial system was the right thing to do, and too see the rest of us as less than. Now that doesn’t make it any less hilarious when they are bled dry of all their money and I sure as hell will hold well past orbit to see that happen. Hopefully someday, the 2nd coming of Ape Jesus will reform the hedgies, until then I will hold myself accountable for where my life currently is, accept my mistakes, and strive to learn and grow as I Scrooge McDuck my naked ass into my mountain of money. + +&#x200B; + +&#x200B; + +&#x200B; + +**Emotional Intelligence** + +Understand this, emotional intelligence is different from mental intelligence. With the latter, you can acquire knowledge and for the most part, apply in real time. With emotions though, it is majorly the opposite because you cannot force the applicable tests to occur naturally. Sure you can yell and scream at people to see if you can get reactions out of them, but the subtleties of emotional growth go deeper than that. It will be your direct split second reaction to the triggers in your life that will show whether you have truly grown or not, and you may fail, over, and over, and over, and over, and over, and over again before the neural pathways in your brain have finally let go of their old guidance system. + +&#x200B; + +When you no longer react, and see clearly where you want to move next without impatience or fear, then you will know that you have learned. My point being, don’t beat yourself up if you do feel like paper-handing, or you fuck up somehow along the way because acquiring diamond hands may takes more than just slinging emojis and upvotes within a few weeks, or months for some of us. Hold yourself accountable, look yourself in the face and blow yourself a juicy kiss, and keep going. + +&#x200B; + +It’s ok if you aren’t DFV. You can't just point to Jesus(DFV) and say BE CHRIST LIKE. That is a nice sentiment that will give you the warm and jigglies in your staunches for the night, but is literally unattainable for the majority of the populace unless they put in the hard mental work to be the new Ape Jesus! You also have to understand, personality is both nurtured and natured. Some people are born wired a very specific and different way than you are. Some emotions are vastly more attainable and abundant for others because the pathways in their brains allow for it to be so. You can attain it too, but it takes A LOT MORE WORK to get there. You will need to commit this to rote memory when you flair up and fuck up again and again, and takes those failures with a shit eating grin and learn little by little because you need to learn to give yourself love and grace in order to emotionally evolve. + +&#x200B; + +&#x200B; + +**What can we do?** + +There will be many outside the reddit bubble that don’t have the support system that we do, and will paperhands. Which will then dip the price and cause some to panic, that is inevitable. Which makes it even more pertinent for all of the GME reddit sphere to HODL and hodl each other if we need a hairy ape shoulder to rely on. As long as we outnumber the paperhands, our cosmic course will not falter. + +&#x200B; + +For others The best thing you can do is do NOTHING, as in prepare, then do nothing until the right time. You have to be honest with yourself with this one and come to terms if you will undoubtedly be way too emotional on the way up to be able to think clearly, know who to trust, and every rise and dip will have your life flashing before your eyes. Set reminders on your app at specific price points (i.e. 1Mil, 10 Mil,100Mil etc.) and then wait for it to reach peak before selling on the way down. + +&#x200B; + +If you feel it will help and you are able to, seek professional help to improve your mental capacity and fortitude. Therapists or psychologists can offer great methods to better understand and work through anything you need to. If that isn’t available, talk to a trusted family member or friend that will not judge you and allows you the space to air out your thoughts and feelings. Don’t wait until after the MOASS for this to happen, do it now so you can secure your future and those of your loved ones. Grow your support group and help others as they help you. + +&#x200B; + +Accountability Apes! We all have the same goal in mind, and lots of you voice the pain of not having anyone in your immediate life to support you through this tumultuous and exciting time. I get it that there will be posts constantly yelling to HODL, but some may need a more direct line to keep them grounded via DMs, Discord, and what have you.(Note; I don’t see how this would be viable unless mods or other trusted groups set this up because this could easily be manipulated by shills playing coy and friendly until MOASS hits and then they give out FUD making the ones they are in contact with sell early. If all else fails, masturbate and sleep it off, meditate, walk it off, anything other than being a cheap paperhanded whore) + +[example A of paperhanded bitches in their natural habitat](https://preview.redd.it/ly3dcgjrqxv61.png?width=701&format=png&auto=webp&s=bcee6b1137b8691b8373b34a9be5ba4b44a92c80) + +[Actual footage of apes supporting each other during MOASS](https://i.redd.it/qgv4ruijmxv61.gif) + +&#x200B; + +This is as much for me as it is for all of you. These are just my humble opinions, if a smarter ape can come up with anything else that can help guide the less confident apes I'd be happy to see it laid out. I see a lot of seasoned apes who get it, they don’t really post or comment, don’t care about trading sideways a few dollars here and there, don’t dance at every corner and don’t feel pressure when things get drawn out and we need to wait another week or 4, the DD is set and that is all that is needed. + +&#x200B; + +Then there are the others who need the constant stimulus, and as much as we meme about daily bias, some of you actually do need it to feel secure in this decision. But those are the ones that are at the greater risk of emotionally folding, and the ones that outnumber the stoic and pragmatic apes. Hopefully you will make the right choices for your mental well being in order to get you to the top of tendie mountain, and for the long road ahead because the hard choices won’t stop after the GME saga arc 1 has concluded. + +&#x200B; + +**EDIT\***u/Limecandi reached out to me and linked me their post on [LEVELING UP YOUR MF MOASS MENTAL PROWESS](https://www.reddit.com/r/Superstonk/comments/mr12dk/mf_moass_level_up/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) Go on and give it a read! + +&#x200B; + +TL;DR + +&#x200B; + +Fuck you, grow a wrinkle🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Looks like the expected increase in the minimum pension age from 55 to 57 is going ahead with legislation coming soon. + +This will have implications for those wanting to retire early. If you planned to start living off of your SIPP from 55 you might want to consider having more in your ISA as a bridge (or retire later). + +It changes my plans/thinking a bit as further increases are possible. + +“The government will legislate in the Finance Bill to increase the normal minimum pension age from 55 to 57 on 6 April 2028” + +Link to gov publication [gov.uk link](https://www.gov.uk/government/consultations/increasing-the-normal-minimum-pension-age-consultation-on-implementation) +My husband (31) has been self-employed for 10 years and has never paid himself Super. + +He’s a touring musician so one year he’ll make $150K, the next he’ll make $30K... and since COVID hit, this year isn’t looking great. It’s hard to budget on such varying income and worldwide pandemic on top of it all. + +However, we do want to retire one day and we need a plan for the future. + +So my question is: where is the best place to put retirement savings for a late super starter for the best results? + +Should he just simply start contributing to his super? Should he just save for a house deposit (we don’t own a home yet), then add to super? Any other options? +TL;DR: Credit Suisse is in a shit position and has lost over 10 Billion dollars since the start of the year. If the liquidity crisis occurs, Credit Suisse might be one of the first to go. + +During the first half of 2021 Credit Suisse has been embroiled in a series of scandals centred on the collapse of **Archegos** and **Greensill Capital.** These events have generated billions of dollars in losses, caused a major political scandal in the UK and has triggered the departure of multiple senior staff across Credit Suisse, including the retirement of the Chairman of the board. + +In consequence of the collapse of Archegos, Credit Suisse alone has lost in excess of **$5,500,000,000.** Due to Archegos’s Bill Hwang cycling margin loan profits back into his positions, the losses so far realised on Archegos will not be recovered because Hwang never had the money in the first place. + +Meanwhile in consequence of the collapse of Greensill, Credit Suisse, from an approximately **$10,000,000,000** exposure has so far only managed to return **$5,900,000,000** to investors, with [**$4,100,000,000 owing**.](https://finance.yahoo.com/news/credit-suisse-unit-blacklisted-gupta-062540352.html) The vast majority of this unrecovered loss on Greensill is owed from Anglo-Australian mining magnate Sanjeev Gupta’s GFG Alliance, owners of Liberty Steel, Whyalla Steel, and Tahmoor Coal, among others. Gupta has stated repeatedly he will fight tooth and nail to avoid paying this, making any further recovery of the monies owed difficult and costly in time and litigation. + +The combined losses across Credit Suisse’s Archegos positions and exposure to Greensill thus totals approximately **$9,600,000,000**. It has also been reported that the Archegos bleeding has not yet stopped, with Suisse still holding undisclosed positions for Archegos, [having only closed **“97%”** of holdings](https://www.wsj.com/articles/credit-suisse-taps-investors-for-cash-after-archegos-loss-widens-11619070830) .Naturally, speculation, currently with zero supporting evidence, has jumped to a GameStop connection, with Archegos’ collapse having coincided with the price actions in January through March. Importantly, there does not need to be any correlation between Archegos, Greensill, or GameStop for Suisse to already be in a fucked situation going into the coming storm. + +In the latest developments on the Credit Suisse front, another fund associated with Credit Suisse, called **Renaissance Alternative Access Fund**, has barred its investors from withdrawing cash. [**The fund was locked this month, after the value of the fund fell from $700,000,000 to $250,000,000, a loss of $450,000,000**](https://finance.yahoo.com/news/credit-suisse-rentech-fund-holds-171031560.html). Investors in the fund will be able to receive 95% of their investments 2 months from now, but in the meantime the fund’s withdrawals will be locked. + +Credit Suisse has cut staff bonuses, cut share dividends, and tried to raise capital. Liquidity appears to becoming an issue at Credit Suisse. + +With the losses at Renaissance added into the Greensill and Archegos losses, Credit Suisse has now lost more than **$10,050,000,000**. + +During the event of a liquidity crisis triggered by the collapse of the house of cards, and/or the MOASS (whichever comes first), Credit Suisse is unlikely to be in a position to respond effectively, and may not even survive. + +The following is a listing of significant persons who have been publicly reported to have departed Credit Suisse since the Archegos and Greensill situations began. This list uses public information, including LinkedIn profiles and has excluded personal information when encountered. Do not harass or contact these people at all under any circumstances. Not all of these departures, such as those of the Sydney branch, appear to be directly related to anything other than the normal process of personal advancement and/or the inter organisational poaching of talent. + +But at this point, who still believes in coincidences? + +**List of Departures.** + +· **Chairman Urs Rohner.** 10 year tenure as Chairman of Credit Suisse since 2011. Formerly the Chief Lawyer of Credit Suisse.. Announced retirement in April to take effect in May 2021. [1](https://en.m.wikipedia.org/wiki/Urs_Rohner), [2](https://www.wsj.com/articles/credit-suisse-takes-4-7-billion-hit-on-archegos-meltdown-11617687483?mod=article_inline) + +· **Andreas Gottschling**. Member of the board of Credit Suisse since April 2017. Not reelected April 2021. [1](https://www.linkedin.com/in/andreas-gottschling-15533745/), [2](https://www.cnbc.com/2021/04/30/credit-suisses-gottschling-to-exit-after-greensill-archegos-losses.html). + +· **Lara Warner.** A member of the Credit Suisse Executive board from August 2020 to April 2021. Group Chief Risk and Compliance Officer at Credit Suisse Zurich. Has worked at Suisse since November 2004, in roles including Chief Financial Officer, Chief Operating Officer and Global Head of Fixed Income and Economic Research. [1](https://www.linkedin.com/in/lara-warner-9a965b13/?originalSubdomain=ch), [2](https://www.wsj.com/articles/credit-suisse-takes-4-7-billion-hit-on-archegos-meltdown-11617687483?mod=article_inline) + +· **John Dabbs**. Global Head of Prime Brokerage, Futures, and OTC Clearing. Co Head of Americas Cash Equities. Linked in shows a history in derivatives and futures. At Credit Suisse New York, since August 2009. Quit April 19th 2021 along with Ryan Nelson [1](https://www.linkedin.com/in/john-dabbs-922a4a21/), [2](https://www.wsj.com/articles/credit-suisse-prime-brokerage-co-heads-to-leave-bank-after-archegos-losses-11618847715) + +· **Ryan Nelson**. I have found no information on this person beyond media reports identifying him as Co Head along with John Dabbs of Prime Brokerage. Could not find a LinkedIn profile that was definitely Mr Nelson, as either he has scrubbed Credit Suisse from a likely profile, not updated this profile in 6 years, or has no profile and I am looking at the wrong profile. No start time or employment history at Suisse could be found, but reported to have been made to quite alongside John Dabbs on April 19th. 2021. [1](https://www.wsj.com/articles/credit-suisse-prime-brokerage-co-heads-to-leave-bank-after-archegos-losses-11618847715) + +· **Tim McKessar**. LinkedIn page states he has been the Managing Director of Credit Suisse Sydney since May. 2007. Quit Credit Suisse May 21. Will join UBS in August. [1](https://au.linkedin.com/in/tim-mckessar-28116541), [2](https://finance.yahoo.com/news/credit-suisse-mckessar-leave-banker-034006367.html) + +· **Karl Rozman**. Linked In page states he has been at Credit Suisse Sydney since April 2010. Managing Director, Co Head of Resources, Energy and Infrastructure, before that the Director of Metals and Mining. For those unfamiliar with the Australian economy, Mining is the principle export revenue generator alongside agriculture, real estate, and education. Quit Credit Suisse with Tim McKessar May 21st 2021. Joins Bank of America [1](https://au.linkedin.com/in/karl-rozman-54558561) + +· **Kierin Deeming**. Managing Director in Credit Suisse Sydney since September 2005. Head of Australian Mergers and Acquisitions. Quits alongside Tim McKessar and Karl Rozman in May 21 2022. Joins JP Morgan. [1](https://www.afr.com/street-talk/credit-suisse-m-and-a-md-resigns-off-to-jpmorgan-20210506-p57pn6) + +· **Alejandro Pryzgoda**. Hired directly from Greensill in June 3rd, 2011, hired as Co Head of Global Financial Institutions Group. Quits Credit Suisse May 29 2021. [1](https://www.wsj.com/articles/BL-DLB-33528), [2](https://finance.yahoo.com/news/credit-suisse-cuts-ties-softbank-132036883.html) + +Updated names that I missed. (22:57 AEST) + +**Paul Galietto.** Head of Equity Sales and Trading. Co head of global trading. Joined Suisse in 2017. [1,](https://www.credit-suisse.com/microsites/conferences/china-investment-conference/en/speakers/paul-galietto.html) [2](https://www.wsj.com/articles/credit-suisse-takes-4-7-billion-hit-on-archegos-meltdown-11617687483?mod=article_inline) + +**Eric Varvel.** Head of the asset management that ran the funds. Demoted but not fired. Evidently the mess he created was so great he needed to go, but not until he helped clean it up.[1](https://www.wsj.com/articles/credit-suisse-takes-4-7-billion-hit-on-archegos-meltdown-11617687483?mod=article_inline) + +&#x200B; + +&#x200B; + +· +My aunt has been renting a single family home in Newton, Mass for over two years. She initially signed the lease for one year and has since gone month-to-month. The landlord cashed the deposit and a few rent checks initially, but has not deposited over 24 months worth of rent since then. + +My aunt works in finance and is aware that that money is not technically hers, and has kept it all in het checking account, so there is no concern about not paying the back rent. + +What are her options as a tenant if she decides to move? The landlord is obviously very hands off and we are wondering what responsibilities my aunt will have for any stale checks over 6 months old. +After many years of saving and investing, I finally hit my "RentFire" number: the number where, if I convert my 401k to cash, taking a 30% penalty, I can pay my current rent + utilities indefinitely ($2400/month) plus food and expenses ($400/month) off a 3.5% annual investment return. Total liquidated assets are 940K (1.1M without taking penalty and including physical assets, car, etc.). Thanks to this sub I've been able to prioritize it, and I have a deep sense of relief, even though I plan to keep working for some time, to hit 4M by age 45. I can't tell you how good it feels to have this as a backup option; I think it'll give me a newfound independence at work as well where I am not beholden to my employer. AMA. +You dipshits we’re on the up that doesn’t mean sell because the shares went up a few bucks now keep holding you fucks + +Edit: Don’t buy me medals buy more stocks you dumb fucks +You dipshits we’re on the up that doesn’t mean sell because the shares went up a few bucks now keep holding you fucks + +Edit: Don’t buy me medals buy more stocks you dumb fucks + + +[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 you're 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 + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***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!* +I want to offer up my time to host a Live AMA with anyone from Ortex that can talk about their platform and answer questions we have. + +u/Ortex_Official would you be interested in taking part in this AMA? + + +I want to make it clear, this is not with any intention of raking you over the coals or anything like this. I want to try to provide a genuine space for you to discuss your platform out in the open to all of those interested. I want to give you an opportunity to clear things up if that is the case. + +Let me know what you all think/if anyone has any suggestions. And u/Ortex_Official if you have any question/requests please feel free to ask! + +Trying to be as open and honest as possible. + +&#x200B; + +Cheers! +🦍🍻🦍 +Calling it now. 3 possible scenarios. + + +1. Carl has been quietly accumulating GME. Soon there will be anounment that Carl has taken substantial stake in GameStop. + + +2. Ryan and Carl are spinning off BABY from BBBY. Ryan sold off his stake in BBBY and photo with Carl may hint the acquisition is almost completed, pending official announcement. + + +3. Ryan merging GME and BABY with Carl taking substantial stake in the new business entity. + + +Not a financial advice. LFG! 🚀 +It worked well for me but I waited until my kids were teenagers to start. Every dime they made I had them contribute into a Roth IRA. The idea of 50-60 years of untaxed growth is too tempting to pass up. + +If I had to do it over I would try to start even earlier. That is the plan when I have grandchildren. What strategies have people used to create income at an early age for their children so they can contribute to a Roth? I have a friend who paid his young children as camera models for the literature for his company. How awesome would it be to start funding a Roth for a newborn and get 80 years of untaxed growth. +I have a friend in Algeria. I might go visit sometime. I looked at converting American currency and she thought I was like really well off or something. I am low middle class, I live with about a month of extra income (as in I have just enough money to have a month backup of expenses) for perspective. I told her I would probably bring a few hundred dollars on the trip (I told her in their currency) and she was like SUPER surprised. She thought I was really rich or something. + +It was crazy, like I have talked about cost of stuff and things like that and holy shit, I could live there for a year with what I make in a few months. She lives in Algiers (population 1.5 million) and their rent for apartments is (literally) about 10 times less than what it would be in a city with that many people here. Like there are beach front apartments for $250 per month. + +Meals are like $5 and prices of just so much more stuff is crazy low. I’m not an expert on this so could someone explain? She said almost everything is in cash. She said cards are rare. Could this have to do with it? I’m just baffled at how easy it is to live there and looking at tourist stuff and all that, it has some decent places to live. + +If you worked at the US Embassy there (I assume you get paid in USD), you would live like a king. Makes me want to move there 😆😆😆 + +Anyway, TIA for any explanation for a layman. +Do you think AB 1253 bill would pass? I understand this only affects CA residents but I am guessing a big chunk of subscribers of this sub are from CA. I personally think it would be a disaster to raise the highest tax bracket in CA to 16.8%. What do you all think? + Hi there! + +This is NO financial advice. + +Those new here, please check what happened on March the 10th. + + They tanked the price more than 140$ in half an hour!!! + +&#x200B; + +https://preview.redd.it/eo2yb03am8x71.jpg?width=640&format=pjpg&auto=webp&s=340bc1019de57268eb9695b724c713f4c15c1f73 + +They did it so to trigger Stop Loss values so your shares are automatically sold. + +I suggest you to make your own DD abou this subject. + +Take care! + +PS. Another non financial advice: Remember to Register your shares at [Computer Share](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) +J. Crew Group Inc. filed for bankruptcy, unable to revive flagging sales of its preppy clothing line amid the coronavirus pandemic and crushed by debt rooted in a long-ago leveraged buyout. + +Source: https://www.bloomberg.com/news/articles/2020-05-04/j-crew-files-bankruptcy-felled-by-pandemic-and-crushing-debt?utm_source=facebook&utm_campaign=socialflow-organic +4 years investing, my worst holding is FRU.to. +Bought it in 2017 and still has it. + +It’s my worst holding not just because I lost money on it, but because it was recommended by all analysts as “Strong Buy”. And it was deemed a Safe Play from multiple research papers on TD website. And of course back then I was big on dividend, so I looked at the financials, the company did have a great balance sheet. So I bought it at $15. + +And it became the worst stock I ever held. The stock peaked somewhere in late 2017 at $16.50 I believe. Then it began to drop, I averaged down a bit to $10, since the fundamentals were still good and analysts target price didn’t change. But when it kept dropping I realized something is wrong. It tanked a whooping 85% when the market crashed last year to $2.50. + +Good thing is it recovered a bit this year. I was down $45k with it last year, and now only down $11k. I actually don’t know why I still hold it, may switch it to another stock soon. + +4 years with a -20% return to show. “Strong buy safe pick” 😂 + +So, wondering anybody else bag holding a stock. What is your worst stock ever? +4 years investing, my worst holding is FRU.to. +Bought it in 2017 and still has it. + +It’s my worst holding not just because I lost money on it, but because it was recommended by all analysts as “Strong Buy”. And it was deemed a Safe Play from multiple research papers on TD website. And of course back then I was big on dividend, so I looked at the financials, the company did have a great balance sheet. So I bought it at $15. + +And it became the worst stock I ever held. The stock peaked somewhere in late 2017 at $16.50 I believe. Then it began to drop, I averaged down a bit to $10, since the fundamentals were still good and analysts target price didn’t change. But when it kept dropping I realized something is wrong. It tanked a whooping 85% when the market crashed last year to $2.50. + +Good thing is it recovered a bit this year. I was down $45k with it last year, and now only down $11k. I actually don’t know why I still hold it, may switch it to another stock soon. + +4 years with a -20% return to show. “Strong buy safe pick” 😂 + +So, wondering anybody else bag holding a stock. What is your worst stock ever? +So one of my crypto vices is going to estate sales and pawn shops and searching through the hard drive for bitcoins. + +I just did one and sadly didn’t find anything, but I’m optimistic and will keep searching around till I come across something! + +Edit: does anyone know the percentage of lost bitcoin? + +EDIT: Woah, didn’t expect for this to gain as much attention as it has, going pawn shopping today in sketchy neighborhoods to see if I can find some old stuff +I have just got my feet wet with my first multi-family, and look towards acquiring more and potentially even getting back to construction. I am an Electrician by trade, and know there is a lot of knowledge on the table I may be missing. I’ve tried reaching out to a few CPA’s that aren’t taking new clients. + +I am curious if anyone else with rentals, found tax advantages that were major in helping them in general, and even in scaling their business? +This is a general post about event being fit onto market action after the fact. It is so silly. Why didn't anyone say "Market up the last 5 days due to Delta variant" ? I could find 20 events, both positive and negative, that could be used to explain why the market went up or down. If the market was up today, no one would talk about delta, they'd talk about some peace treaty somewhere. + +Heat wave! Climate change! Market goes down. Ooops, when that was the news, the market went up. Condo collapse! Market goes up. Europe flooding! Market goes down. Nope, it went up. + +Delta variant has been in the news for months, and NOW the market goes down because of Delta? Maybe yesterday the market went up because of Delta. Just as stupid. + +Ignore all news. The market dropped because there were more sellers than buyers. The scapegoat just happens to be some arbitrary event. + +Today's Update: [https://www.reddit.com/r/stocks/comments/oo4b6a/update\_if\_news\_media\_had\_any\_logical\_consistency/](https://www.reddit.com/r/stocks/comments/oo4b6a/update_if_news_media_had_any_logical_consistency/) +I am scrolling superstonk and looking at all the posts and here is what I see... + +1. Robinhood held accountable, which sets precedent and they are likely officially going all the way down. +2. NFT capabilities on LRC +3. Federal reserve chair steps down +4. Loopring gets data potential breach on subdomain documents. +5. Superstonk YouTube channel taken down +6. Market acting real funny, crypto included. +7. Random post on hot claimed it already started today +8. Tomorrow is a Tuesday. + +I am probably crazy after all this time. But that's a lot for a Monday where the market started super red and we are at all time lows. +Your gme shares are priceless, please understand that. + +In a capitalistic system supply and demand is supposed to determine the value of things. That price can be subsidized or held up or pushed down. Through greed, they, THEY have made your shares priceless. + +They could have taken the loss in Jan, but that concept is so foreign to them they literally said, "Let's potentially destroy the economy," rather than lose and let regular people get any of their money. + +GME is trading at 146$ someone has to buy tens of millions of shares and we have the shares, they could drag GME down to 30$ but they still have to buy them, it doesn't decrease the actual value. They want the shares more than anything, they feel like we should give them gme for nothing. This is their ego and mentality. + +the endgame is scary, but don't let them convince you your priceless possessions are worthless. + +My dog is old and dirty, nearly blind, but priceless to me. If some billionaire tried to buy her, there's literally no price that I'd sell for. + +DON'T BE THE PERSON WHO SELLS A DAIMOND FOR NOTHING BECAUSE YOU SEE NUMBERS MOVING DOWN OR UP! We've read the DD, we know what our stock is worth. + +right now you can buy something priceless for 146$ and they are hoping people are too stupid to do it. + +BUY, HOLD. + +You know what, I don't know if I will ever sell. +**Discovering FIRE** + +I found this subreddit circa 2011-early 2012, mid-way through college, and I’ve hung around here with sometimes-changing usernames ever since. Today I wanted to add my story to the sub in case it benefits anyone else. + +In my college days, I saw graduating and joining the corporate world for [insert majority of your life here] as a daunting and depressing thought. That was my original motivation. Following MMM’s blog which had just blown up, I schemed that upon graduation, if I saved up about $300k over a 5 or 6-ish year period, that would provide a 4%-rule withdrawal of $12k per year, which could be enough for me to be LeanFI (vlcol). But “to be safe” I would maybe go as far as saving $500k, depending on how long I could tolerate working. That would give $20k/yr in 4%-rule withdrawals, which seemed an excessively high amount for me. I don’t believe those numbers anymore; Today my opinions on that have changed. + +**Starting Point** + +Fortunately, in 2014, thanks to a combo of scholarships and family, I was able to get through school debt free with my masters in accounting, and an internship before my last year of school even allowed me to graduate with about +$5k cash to my name (netted to nothing due to ~5k car debt). Starting from zero was a massive benefit in starting balance compared to most of my peers who graduated with debt, and I realize how fortunate that is. + +**Working Years** + +I worked the first few years as a CPA and after that transitioned into a finance role. Over the last 7 years, I’ve averaged $69k/yr in post-tax income ($80k pre-tax) and a ~65% savings rate on that number. + + + +Year | Starting NW | Ending NW | Post-Tax Income | SR % +---|---|----|----|---- +2014 | 500 | 12129 | 19,010 | 73% +2015 | 12,129 | 53,801 | 44,233 | 62% +2016 | 53,801 | 103,848| 57,551 | 61% +2017 | 103,848 | 154,515 | 54,532 | 74% +2018 | 154,515 | 187,135 | 61,239 | 55% +2019 | 187,135 | 271,493 | 71,635 | 60% +2020 | 271,493 | 404,115| 103,070 | 70% +1H 2021 | 404,115 | 500,000 | 108k (~54k YTD) | ~70% + +The last three years expenses have been $27k->$28k->$29k. There was a step up in 2018 which was then alleviated by raises at work. + +Rent-wise, I lived at home the first 4-5 months (2014), then got my own place for $425/mo in a rough part of town. Years 2-4 my rent was about $650/mo in smaller place but nicer area. The last three years I’ve lived with my SO and our combined rent is $2100, and I pay majority of that (in 2021 I’ve paid all of it). This has been the main source of expense creep for me – my expenses have been pretty flat otherwise. + +**Where am I today** + +With today’s market close and paycheck, I’ve hit a personal milestone at $500k in networth, entirely in investments/cash, although I suppose my car and other ‘stuff’ is worth another 10k+ or so if I included it (I don’t). I see myself as nearly FI assuming continuation of the same lifestyle I’ve been living. + +I feel the need to disclaim that none of this was the result of crypto or any other one-off situation/windfall, other than a $10k inheritance I received in 2016, which I included as income above. This has all been the boring route of saving + S&P 500 index investing, with a few individual stocks thrown in (BRK.B being the main one, and recently a few other minor dabbles) which have in aggregate under-performed the S&P 500. Warren B has sadly not beaten the index for me. + +Current assets: + +* S&P 500 Index: 73.0% + +* BRK.B: 12.5% (Accumulated in 2014-2015 in taxable account) + +* Amazon: 8.3% (A recent add late last year) + +* Cash: 6.2% (Down payment for a house next month) + +**Do you feel like you sacrificed/deprived yourself to do this?** + +I’ve never felt that way. I did basically everything I wanted to do during this time including eating out most days, traveling very frequently (almost all on CC churning points), etc. My expenses may appear surprisingly/miserably low to a lot of people here who live on the coasts, because I live in a very low cost of living area in the midwest. For example, COL calculators say to scale up my #s by 40% to get Chicago equivalent, or by 190% to get Manhattan equivalent. I’m actually moving next month to somewhere even cheaper for lifestyle reasons. + +I mentioned my lower rent earlier - Couple that with a paid off used car, and hobbies that are mostly video games/biking/weightlifting/reading, and you don’t have many expenses, even with eating out. This is one thing that has been relatively consistent for me since the start: I’m naturally a laid back minimalist, and my happiness doesn’t correlate much with spending. A good day for me in my 20s was video games + takeout food + biking or lifting. + + +But, some of this changing with age. + +**Looking forward - what next?** + +A 55 year old version of myself travels back in time to visit 30 year old me. + +Senior: *Hiya kid how you doing?* + +Current: *Saving for FI, nevermind that, how are you doing?* + +Senior: *Rich, very rich* + +Current: *Ah it worked, the high savings rate pays off!* + +Senior: *I am worth millions – and you are still trying to pad my bank account a little more? Come on, think about it, look after your present self – don’t sacrifice your youth to help out some middle-aged millionaire.* + +Current: *Wait, before you go, have you got any tips?* + +Senior: *Sure – same as if you ask any 50-something guy what he should have done in his younger years* + +Current: *And that is?* + +Senior: *Live a little.* + + +My nest egg goal the last few years has shifted to $1m, and my drive to reach it has decreased. I project $1m will take 4-5 years from here, even accounting for relaxing the gas pedal. My career has gotten progressively more enjoyable as I’ve moved up, so I don’t have as much inner motivation to quit cold turkey anymore – at least for now. I'm wary that can change. + +I expect between now and $1m I will get a house, get married, have kid(s). Those things may inflate my already-inflated goal. + +Existentially I think my focus is increasingly turning more to the non-financial. I don’t fully know what that looks like from where I stand now. I may take a gap year(s) to try on FIRE in my mid-30s, to try out the other side for a stretch once I have ‘enough’. Probably primarily to be a stay-at-home-dad and raise my kid(s) as well as possible during their most formative years. Or balance with some sort of in-between, more relaxed work-from-home type role. Similar to how the sub has evolved over the last several years compared to early days, like a growing proportion of you, I don’t subscribe as hard to the 100% work or 100% no-work dichotomy anymore… although if I had to pick, the latter is still preferable! + +**What would you do differently?** + +1. On balance, accounting is a pretty decent, safe and stable career path. But the compensation in this field is very backloaded onto the late years that are at least 10 or 15 years in (partner, CFO, etc). I started at a Big 4 Accounting Firm for $50k/yr, and ~15 years in to that career you can be making $300k-$1M/yr if you sell your soul right. But you start pretty low - you don’t hit 100k in my city until 5-7 years in of busting your ass. This does not really line up optimally with the idea of getting in-and-out in 10 years or less (or even 5 as I had first planned). + +* Fields with higher starting salaries seem better suited, like engineering, certain trades, pharmacy, or of course tech, although every career has its cons too (e.g. pharmacy). + +* However, my accounting/finance background did help equip me to think through my personal finances, so there’s some non-salary related benefits there too, and it’s also well suited to transitioning into relaxed part-time or gig work if I want that when I’m older. + +* If anyone younger than me is reading this – Big 4 auditing/accounting is also becoming a more commoditized, margin-compressed, automated trade, so I think it will be a progressively less desirable path for you than it was for me. + +2. I would have taken a little more risk in my investing. That’s easy to say with hindsight after a bull market, but in general I think that there’s something to be said for temporal-shifting some of your equity risk from later in life (where a dip near or after your retirement date could mean years more of working) to earlier in life, by running a more risky or even slightly leveraged portfolio in your early years. Think 100% stocks/0% bonds -> 125% stocks/0% bonds (or just slightly more risky stocks). Or even real estate. + +* This could be applied to career choices too, but for me personally I don’t know what different career I would have been suited to, and I didn’t when I was younger either. + + +That's it; thank you for letting me share - and thank you to all who I've learned from over the years here. +I love the process of researching stocks and thinking about business, but reading 100% of the report seems boring and not very efficient. Obviously that's where the information is and where they contextualize the numbers, but I would like to find a way to do it in the best way and cover more content. It's a particular problem with emerging market companies that use reporting as a way to promote themselves on 250 pages when they might as well on 30 pages. + +Buffett has said that success in being a great investor is reading 500 pages a day, but I basically don't find this realistic unless you know precisely what to read. + +How do the best investors read financial reports most effectively? Any advice, book or anything that helps? +I want to look for stocks whose prices have been flat (within plus minus 15% of its average price) for more than 3 months and have then started to increase. I was not able to screen this way using Finviz. Does anyone know a tool (free or paid) that allows me to do this? Do I have to start to write my own screener for this? +Hello all, + +Just starting out investing at 22, I wanted to buy some bank stocks for stability and dividend return, what are the pros and cons of buying 1 bank stock with a set amount of money vs splitting up amount of money between 5 or 6 different banks? I would think the latter option is better due to diversification but I've seen mixed answers. I'm investing with WS so there aren't trading fees or anything. +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. +The due diligence. The moderation. The no-nonsense and zero humoring of grifters and shills. It's almost awe-inspiring by comparison. This sub is run like a finely tuned machine. It's impressive really. I only hold a meagre position in the gamerstonk, and seldomly posted here due to just browsing. + +I plan on changing both of them things starting tomorrow. +I've bought 450 shares of **iShares Core MSCI World UCITS ETF USD (Acc)** a little over a year ago and was wondering about this for a while now. What happens when the amount of money I receive from the dividend payout that is supposed to be re-invested is not enough to buy additional shares? And if it's enough, what happens with the remainder? + +Will the remainder of the money be payed out instead? Or will it be "remembered" somehow for the next payout? +Apologies if this is too basic a question, but I´ve just bought my first batch of S&P shares (5) in the iShares SXR8 ETF and am wondering what is a typical/minimum number of shares a beginning investor might purchase. I hold a couple of other thematic ETFs, but this is the first broad market index ETF I´m buying. Is 5 shares a laughable number? They are at around 350 Eur apiece and I intend to add more on a quarterly basis. TIA for your opinions. +Many conversations focus on the potential of bitcoin, the future wealth, tech, etc. This is NOT about this. This is about what I think to do and not to do. + +When I was 27, I met a guy at my apartment complex in 2011. He had made millions -yes, millions, in the mortgage market. He was making $800,000 a year-during 2007-that's like 1,200,000 today. And from what I understood, he was doing some shady ass stuff. He had the music video lifestyle-had a lambo, a house with an insane backyard, and god knows where he ate and what he did for fun. He had it all. + +The key word is HAD. He was in his early 40s. He said all he ended up with was a watch. He lost everything. + +The point I'm trying to get across is this-twitter/instagram/etc is filled with traders making tons of $-the cars, the watches, clothes, boats, etc. 99% of this is for show. Most wealthy people don't do this stuff. Nothing wrong with nice stuff, I'm saying what I know. + +Whether you love bitcoin or NOT, I hope you make tons of $. I hope you have a plan. + +1. The way to get ahead is to make money like a rich person and live like a poor person for 3 years. The way to get rich is to do this for 5years. The way to get wealthy is to do this for 10 years. I know plenty of people who make $20k a month and are flat broke. +2. Pick a vice. If you make more money, it's perfectly normal and healthy to reward yourself. Pick one-trips, partying, a cool car, dining out, etc. And know it's a reward. Where people get into trouble is car + clothes + partying. +3. The more you make, the more you will get leeched on. This sounds shit, but it's true. I was a generous person and my generosity got taken advantage of. Do not be an unnecessary target. +4. Create an income stream. I don't care if it's $100 month. Create an income stream. +5. Understand there are 100 people at party. 95 send checks. 5 collect them. You want to be in that 5. +6. If you buy real estate, buy the shittiest house in the nicest neighborhood. Rich people want to live around other rich people. +7. Don't tell your bosses/coworkers how much btc you have. Your boss will hate you if you are richer than she/he. +8. Stay away from drugs and escorts. I've seen people ruin their lives over this. Just say no. +9. Don't be an asshole. Bad karma. +10. If you have tons of money, help the people who helped you on the way up. A gold rolex and baller penthouse won't make you happy. Giving your parents a vacation or car will. +Hi, recently I've come across this interesting project, that seems totally unknown around here, but actually they have a working product, tested on millions of users worldwide and huge partnerships. I can't believe no one has mention it here yet. The WP looks great, client's such as Coca Cola and UBER is pretty big deal imo and some of the biggest telecom companies in the world (GEMA and TATA Communications) have partnered with Socifi (this company for sponsored data, that is launching the GIF ICO). + +Let me know what you guys think, I'm pretty impressed actually. + +https://bitcointalk.org/index.php?topic=2728682.0 + +https://gif.network/ + + + +>Monthly Account Inactivity Fees EliminatedDear Client, + +> +>While many of our clients actively trade or maintain substantial equity in their account, we have decided to eliminate our monthly inactivity fee so there are no impediments to maintaining an account with IBKR. +> +>Effective July 1, 2021, you will no longer be charged USD 10 for not maintaining a minimum balance or transaction activity for account \[ \]. This change will be reflected in your August 2021 account statement. + +> +>Our decision to remove inactivity fees aligns us with industry standards and reflects our ongoing commitment to provide clients with [low-cost trading solutions](https://www.interactivebrokers.com/en/index.php?f=1338) . +> +>Interactive Brokers + +Good news for all canadian options traders +I posted asking about the best hedging approach not too long ago, after doing much research over the weekend, I have settled for my preferred approach. + +For some context, I sell 4x weeklies, and target the following deltas: 0.30 to 0.25 for 2x contracts, and 0.25 to 0.20 for 2x contracts, with the same strikes (I ladder the deltas). This gives me, on average, about $800 to $1,000 of premium per week. I spend $800 per month on the hedge, so roughly a week's worth of premiums + +I would never in a million years be comfortable doing this if it wasn't for a robust hedge in place. After all, it's a not-so-insignificant portion of my net worth that's being used for this. My hedge consists of: + +&#x200B; + +* I bought TMF (on margin) at a 65-35 split, based on the TQQQ value should I get assigned. This is rebalanced quarterly. My margin interest is high, at 6%, so it comes to roughly $200 a month. +* Every 15th day of the month, I buy 0.10 to 0.15 delta VIX calls for $600 worth of calls, with an expiry 4 months from the date of purchase. Once the hedge is fully implemented, I'd have at all times 4x sets of VIX calls, laddered by expiry. + +&#x200B; + +The first hedge is meant to be a conservative split, and it greatly reduces the max drawdown versus being 100% TQQQ (29.49% versus 49.12% should I be fully invested in TQQQ, since inception of TQQQ). This is based on [Portfolio Visualizer](https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults). I also closely follow [Bredin Capital](https://twitter.com/bredincapital?lang=en)'s weekly and daily updates. + +The second hedge is meant to protect against black swan events, plain and simple. + +The reason why I do not buy and hold is simply because this is a source of fun spending money for me, so I withdraw most of the premiums as an additional source of income. I still reinvest some of it, but probably less than 50%. + +I will post monthly updates if enough people are interested, to share how the portfolio is doing and how the hedge is working out for me. +I see alot of people here talking about closing out positions before expiration for fear of getting assigned. The basis behind wheeling is that you are happy to hold the stock you are wheeling. +Due to the bullish sentiment of the market, you will receive higher premiums for selling CCs than CSPs. +\*\*\*UPDATE\*\*\* AMA Update: THURSDAY - 9PM CET - 3PM ET - TWITCH Link will be pinned at Reddit at 8:30PM CET - 2:30PM - ET + +&#x200B; + +So if you haven't heard of $OCTA or $OCTANS yet, where you been? Anyways, this thing took off like crazy since inception about a week ago. And we are at a perfect opportunity for people to jump in. AMA's tomorrow, time will be announced any time now. Coingecko and CMC coming shortly after so you know what that means! Lot's of whales got out right before AMA's so this is your last chance to jump on the rocket before liftoff! Here's info about the project. + +&#x200B; + +🚀🚀 OCTANS is Live 🚀🚀 + +Telegram Chat: [https://t.me/OCTA\_OCTANS](https://t.me/OCTA_OCTANS) + +8% of the token is burned at every transaction, 4% goes to the holders 4% goes to Liquidity Pool Liquidity Locked! + +We've just started and are currently making Partnerships and Socials! Be on the first seats!! + +Contract Adress: 0x86c3E4FfAcdB3AF628ef985a518cd6ee22A22b28 + +Live Website with all information: [https://octanscrypto.com/](https://octanscrypto.com/) + +Listed on pancakeSwap [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x86c3E4FfAcdB3AF628ef985a518cd6ee22A22b28](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x86c3E4FfAcdB3AF628ef985a518cd6ee22A22b28) Use 8% Slippage (4% goes to holders, 4% goes to liquidity) + +Chart: [https://poocoin.app/tokens/0x86c3E4FfAcdB3AF628ef985a518cd6ee22A22b28](https://poocoin.app/tokens/0x86c3E4FfAcdB3AF628ef985a518cd6ee22A22b28) + +Join us: [https://t.me/OCTA\_OCTANS](https://t.me/OCTA_OCTANS) + +Discord: [https://discord.gg/avh5qUwS](https://discord.gg/avh5qUwS) +I'll start by saying I've probably spent about 15 hours googling, reading articles and posts, watching videos, and exploring product/service websites. I now have a myriad of options and paths, but am sure others have a bunch of insight that could save me from making many mistakes. + +I have been involved in stocks/crypto for about 4 years now and done decently well with long term investments. My day dreams of trading come from watching a youtube channel called "Trading Rush" where the creator is a very experienced day trader and regularly tests trading strategies 100 times to get their win %. Sometimes he has bots do it, which is what has led me here. Seeing that he can have simple strategies that lead to a 50 or 60% win % using 1.5/1 profit loss ratio. Of course he doesn't share the bots and doesn't really talk more about them than that. To have something like that just sounds.....too good to be true. So question #1 would be: + +1. Is a simple strategy bot really possible to be that profitable? + +Now most of my research has been on how these bots are make, or I could copy off of. There are so many choices such as python, or paid options, or pine script within Trading view and hooking up with an exchange to execute. + +2. This might be personal preference or experience, but advice on what to use here? (I know nothing about coding. So using the articles I've found, I feel like I could possibly make the pinescript work by copying a lot) + +Going back to the Youtube channel (can't include links here as its seen as promotion) I have had it in my head to use this for forex trading, though I haven't done it before. I like crypto, but don't feel its predictable enough for such things to really work well, and I could be totally off. Theres a lot of options for Forex platforms to use, and those may have impacts on the type of program the bot is based off of. + +3. Is Forex a good idea for this or would crypto suffice and be easier? + +**TL;DR**\- Im trying to research how to get a bot running that will do forex trades with consistent profit using MACD or the beep boop indicator. Is my head in the sky with what I'm going off of or is this a real thing? What paths should I use for coding, and then for the exchange? + +Thank you for any help and direction +It's taken years of financial complexity to finally reach a simple, fatFIRE setup. + +We have a family trust with an $8m portfolio that distributes dividend income to my spouse and me (\~$250k/year). No other sources of income, no consulting, no other businesses, nothing! + +Our accounting firm is charging $10k/year for filing our returns. This may have been justified in the past, but seems ludicrous going forward. + +Are we getting ripped because of our net worth? +Yesterday I asked you about the best books that genuinely helped you financially. I was overwhelmed by the amount of awesome recommendations, but also by the number of books suggested. This is all based on the 409 comments received + +&#x200B; + +To make it easier for those who have the same question as I had, I organized all the data received and split it into categories and rankings. + +&#x200B; + +# All data taken + +First I have the top 19 books suggested, along side the number of times they were mentioned and the amount of upvotes each received (accumulative) + +&#x200B; + +|Book title |Number of Mentions |Number of Upvotes| +|:-|:-|:-| +|Rich dad Poor Dad|26|262| +|The Millionaire Next Door|20|255| +|The Richest Man in Babylon|12|292| +|Your Money or Your Life|10|362| +|The Psychology of Money|7|560| +|Bogleheads Common Sense Guide to Investing|7|113| +|The Simple Path to Wealth|6|28| +|The Automatic Millionaire|5|26| +|I Will Teach You to Be Rich|4|58| +|Millionaire Teacher|3|166| +|The Little Book of Common Sense Investing|3|97| +|A Random Walk Down Wall Street|3|62| +|Quit like a millionaire|2|47| +|Die with Zero|1|132| +|The safe investor|1|42| +|How to win friends and influence people|1|34| +|Think and Grow Rich|1|32| +|Guide to Financial Independence|1|18| +|Loaded - Money, Psychology, and How to Get Ahead Without Leaving Your Values Behind|1|15| + +&#x200B; + +# Categorized by Number of Mentions + +&#x200B; + +|Rank:|Book Title|Number of Mentions| +|:-|:-|:-| +|1|Rich Dad Poor Dad|26| +|2|The Millionaire Next Door|20| +|3|The Richest Man in Babylon|12| +|4|Your Money or Your Life|10| +|5|Bogleheads Common Sense Guide to Investing|7| +|6|The Psychology of Money|7| +|7|The Simple Path to Wealth|6| +|8|The Automatic Millionaire|5| +|9|I Will Teach You to Be Rich|4| +|10|The Little Book of Common Sense Investing|3 | +|11|Millionaire Teacher|3| +|12|A Random Walk Down Wall Street|3| + +&#x200B; + +# Categorized by Number of Upvotes + +&#x200B; + +&#x200B; + +|Rank:|Book Title|Upvotes| +|:-|:-|:-| +|1|The Psychology of Money|560| +|2|Your Money or Your Life|362| +|3|The Richest Man in Babylon|292| +|4|Rich dad Poor Dad|262| +|5|The Millionaire Next Door|255| +|6|Millionaire Teacher|166| +|7|Die with Zero|132| +|8|Bogleheads Common Sense Guide to Investing|113| +|9|The Little Book of Common Sense Investing|97| +|10|A Random Walk Down Wall Street|62| + +&#x200B; + +In conclusion, there are many amazing books out there and it's time for me to go reading now. Hopefully this list will help everyone discover new helpful books to expand their knowledge. +Been on here for awhile. Little about me. I was a gymnast in college and got a degree in Engineering. Always wanted to coach but also knew pay wasn't good. Could have made really good money as engineer in private world but worked for the city because it had good hours that allowed me to coach. Liked my engineering job but passion always been coaching. At times had some pretty good athletes, I was working 40+ as engineer and 20+ as coach but loved it. Offered college coaching jobs but turned down because I was getting close to the idea of a pension. Liked my engineering except last few years got hard with the hours and getting older (and dealing with people at the day job). Realized I can't physically or emotionally do both anymore. + +&#x200B; + +This week marks my 30th year. Could stay longer and make a lot more money (my pension and salary for 5 years). Decided I am just going to coach. So have pension making about 75% what I make now with day job with health, side hustle of coaching of 15 hours or so, about 450k in deferred comp, and paid off house. Some mistakes I made along the way was buying cars i didn't need and a big boat. Although the boat is isn't a bad purchase since its something I really love to do and I spend every summer weekend on it. Although it is a ton of money, for my sanity it is worth it. I would have a ton more money in my deferred comp now if I didn't have a boat, but I would have been a lot less happy. + +&#x200B; + +Few years ago, started to help out crossfit athletes. Lead to me giving clinics when I want (nice money just don't have time to give more). Also got fairly big on instagram posting drills and have a side hustle with that making 400-500 a month. When I started to help crossfitters other coaches made fun of me - but I knew i could turn it into a viable side hustle. Moral of story - if you put some time into something you like doing you can make money on it. + +&#x200B; + +My plans for future? Coach 15 (maybe more) hours a week, put more time into my online tutorial/instagram to see if it can grow, travel, boat a heck more, and am getting a puppy Monday! In a few years may move to where my niece is and its warmer, but for now just going to see how living in Ohio not working 60+ hours is like. + The people who are behind this project and the community that surrounds it are all good people like you and me, we have all been burnt by crypto and received our fair share of scams and rug pulls. + +And with the increasing amount of negativity in crypto we all sought to do something good, to give back and to help those who really need our help, Introducing $LifeLIne (LTT) + +A token that was conceptualized with the main goal to help those in need, to help kids who are suffering from cancer and to give them a fighting chance. + +As I said before, this community was formed by people who have all shared loss in crypto and wanted to do something positive, you'll find genuine understanding and full transparency amongst the community. + +DISTRIBUTION: Presale: 16% / Charity Wallet: 5% / Project Development 5% + +TOKENOMICS: Initial Supply: 100.000.000 / 2% Burn / 2% Redistribution / Liquidity Burned + +See the website here: [https://lifelinetoken.com/wordpress/](https://lifelinetoken.com/wordpress/) + +Telegram: [https://t.me/LifeLineToken](https://t.me/LifeLineToken) + +Contract Address: [https://bscscan.com/token/0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2](https://bscscan.com/token/0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2) + +Buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2) + +Chart: [https://poocoin.xyz/tokens/0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2](https://poocoin.xyz/tokens/0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2) + +LP Burnt: [https://bscscan.com/tx/0x367bc6198fc5539bc84882e1b3a99ddbeffe6e714d3f32fe387b4268fa5aea82](https://bscscan.com/tx/0x367bc6198fc5539bc84882e1b3a99ddbeffe6e714d3f32fe387b4268fa5aea82) +Presently there is a link to an unverified Twitter account with almost 23,000 upvotes on the front page, where the person (popcorn stock holder) claims that the SEC can halt the dark pools at any time, without proof of such a comment. + +Earlier this week apes were upvoting multiple posts about someone on Twitter (again, popcorn stock holder) claiming that HFs were creating bots with the names of Las Vegas shooting victims, and the "proof" was easily creatable in an hour's time. + +Both are popcorn stock holders. IDK if that's a coincidence or not. + +Several times this week posts have been hyped to the sky about some IT team lead using their LinkedIn profile to blog about naked short selling. It's been suggested that it'll "[g]et more professional people to see what’s going on", without proof that it's anyone more than apes who are reading it, or anything more than attention whoring for their next job. + +I guess at this point we should accept that it would be very easy for bad actors to have enough bot accounts to upvote their curated content on SuperStonk. After all, it only takes a few accounts to post the material and the rest of the upvotes can come from non-approved bots. + +Apes have also, sadly, shown a penchant for upvoting material that fits their views without actually vetting the source. I've seen the craziest random domains being hyped, and even used as sources. Obviously it is widely known that we cannot trust MSM blindly, but why even trust the small no-name sites that could have been cobbled together for psyops campaigns? + +We cannot stop the bot networks from upvoting trash content. We can, however, use whatever part of our brain has evolved enough to use basic reasoning skills and downvote the content that isn't well sourced or researched. Use some of our combined mental ability to question this shit. + +If we truly do not want to embarrass ourselves with garbage being so highly rated, we need to do better about downvoting it ourselves. Otherwise we will just look like fools to those looking into this. + +It's been said time and time again that the best DD is already done, and what's left is unneeded at best and sus at worst. We need to act accordingly. +Presently there is a link to an unverified Twitter account with almost 23,000 upvotes on the front page, where the person (popcorn stock holder) claims that the SEC can halt the dark pools at any time, without proof of such a comment. + +Earlier this week apes were upvoting multiple posts about someone on Twitter (again, popcorn stock holder) claiming that HFs were creating bots with the names of Las Vegas shooting victims, and the "proof" was easily creatable in an hour's time. + +Both are popcorn stock holders. IDK if that's a coincidence or not. + +Several times this week posts have been hyped to the sky about some IT team lead using their LinkedIn profile to blog about naked short selling. It's been suggested that it'll "[g]et more professional people to see what’s going on", without proof that it's anyone more than apes who are reading it, or anything more than attention whoring for their next job. + +I guess at this point we should accept that it would be very easy for bad actors to have enough bot accounts to upvote their curated content on SuperStonk. After all, it only takes a few accounts to post the material and the rest of the upvotes can come from non-approved bots. + +Apes have also, sadly, shown a penchant for upvoting material that fits their views without actually vetting the source. I've seen the craziest random domains being hyped, and even used as sources. Obviously it is widely known that we cannot trust MSM blindly, but why even trust the small no-name sites that could have been cobbled together for psyops campaigns? + +We cannot stop the bot networks from upvoting trash content. We can, however, use whatever part of our brain has evolved enough to use basic reasoning skills and downvote the content that isn't well sourced or researched. Use some of our combined mental ability to question this shit. + +If we truly do not want to embarrass ourselves with garbage being so highly rated, we need to do better about downvoting it ourselves. Otherwise we will just look like fools to those looking into this. + +It's been said time and time again that the best DD is already done, and what's left is unneeded at best and sus at worst. We need to act accordingly. +Hello r/CanadianInvestor. It seems that the time has finally come; we're in correction territory. This is my first time in a correction and I don't know how to feel anymore; I have no job security but at the same time I'm too healthy to die from Corona Extra. I hope all of you the best in the times to come. +Keeps popping up on this sub with thousands of upvotes. Stocks go up after CPI is released. That's gotta' be crime! + +Large trade candle that doesn't move the price? Crime! + +Stock goes down with the rest of the market? Crime! + +Dark pools dumping orders all at once in the afternoon? Crime! + +Come on... you're gonna make anyone with any real knowledge of trading take one look at this sub and leave. It's hard to take this sub serious when it becomes a point of contention whether it is a crime when the stock is traded in a completely normal way. Whether a crime has occurred is not up to people's emotions about what the stock price should be versus what it is. + +At least lnclude an explanation of how those charts of price action are proof that a crime ocurred. + +____ + +Edit: + +[Example](https://www.reddit.com/r/Superstonk/comments/yrhl63/this_is_what_happens_when_a_trillion_dollar/ivv3bag/?context=3) - CPI came out and markets thought the number was good news, active funds reenter the market. Stocks go up. 100% normal and expected behavior. + +[Example](https://www.reddit.com/r/Superstonk/comments/ym33g1/66k_volume_in_1_minute_and_no_movement_on_the/) - A stock chart has a large green candle but the price doesn't move. Nevermind that the volume of the candle is less than 20K pre-split shares. 100% normal behavior. Candle would be green with 51% long vs 49% short volume. + +____ + +Edit 2: + +The exact CPI and inflation is irrelevant to this example. CPI came out and the markets deemed the number to be good news. Stocks go up. + +OR - market deemed it to be bad news and we're seeing one final pump before the big crash. + +But the market as a whole reacting to news about the financial sector, inflation, or the overall state of the economy, and all moving together in one direction is in fact completely normal. +the bank said that it it has "**made progress on improving its capital efficiency and is moving 'aggressively' to manage equity positions, especially since the environment is supportive."** Or in plain English buy low sell high and they are selling. Any ideas what’s going on? I have some but want to see what others think. +**Important Edit:** This study summarized here was misinterpreted by me and others. Please see the following post for a correct interpretation of moving from S&P 600 to S&P 400: [https://www.reddit.com/r/Superstonk/comments/ox9ogs/actual\_price\_impact\_of\_moving\_from\_sp\_smallcap/](https://www.reddit.com/r/Superstonk/comments/ox9ogs/actual_price_impact_of_moving_from_sp_smallcap/) + +Most of you have probably already read that GME will be moving from the S&P small cap 600 to the S&P mid cap 400 before trading on Aug. 4. [https://www.marketwatch.com/story/gxo-logistics-victoria-s-secret-and-gamestop-to-join-s-p-midcap-400-271627422272](https://www.marketwatch.com/story/gxo-logistics-victoria-s-secret-and-gamestop-to-join-s-p-midcap-400-271627422272) + +The logical question is: WUT MEAN? + +Well, I've highlighted some conclusions from a preliminary academic report out of Texas A&M ([https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.522.7114&rep=rep1&type=pdf](https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.522.7114&rep=rep1&type=pdf)). + +&#x200B; + +https://preview.redd.it/ml97oi62wtd71.png?width=526&format=png&auto=webp&s=0cc39ca24e5027b620bf8488f7c8851d20817e2f + +So.....positive price response the day after announcement (TOMORROW), and additional movement in same direction through implementation (EVERY DAY FROM NOW UNTIL AUG 4). After Aug. 4 (when GME joins mid cap 400), we may see some pullback, but even after 10 days overall price increase will be evident from the promotion to S&P mid cap 400. + +Hopefully we see some green days ahead from this, maybe trigger some FOMO, and maybe get a boost from an announcement of some sort. Either way, this should bring back some volume and my tatas are jacked. + +edit1: effing typo + +edit2: Yes, good news for GME usually does result in a price drop. We may get a tasty dip since GME tends to defy every other stock in the history of the stock market. There are going to be entire theses and dissertations written on this stock. +I am just 20 years old and its almost 12 am here and it just hit me right now. My father worked 2 jobs from 5 am to 10pm 6 days a week and mom did all the house chores and had a full time job as well. When I was a kid I never appreciated it. In fact, I felt I was very unlucky compared to other kids whereas my parents worked their ass off to make payments and pay for my fees. I never really understood their struggle as they used to always hide it. I never probed because we as a family didn't have much communication. + +What I wanted to say is that kids might never appreciate what you do. In fact, I once told my parents I was ashamed of our situation. Now that I think about it, I feel like crying because it must have hurt them a lot hearing that from me. I still cannot thank them for everything they have done and I don't know when I will be able to tell them but, to all the parents out there, your kids will not understand the struggles you are facing. It will only hit them like it hit me literally right now. And, some may even not tell their parents how much they appreciate it just like me. I hope I can get the courage to tell my parents soon but yeah you guys hand on. One day it will hit your kids and they will appreciate all the hard work you are doing. + +I hope this post reaches to all the parents out there. Thanks a lot for taking care of uptight kids like me. You guys are the best. +Im finding it incredibly difficult to work out what to spend money on at the moment. + +As a background, growing up, my parents were divorced and had completely different ideas on money. My Dad despite having a 6 figure salary never spent money on anything, would buy discounted food, wear clothed with holes in; my Mum on the other hand was a teacher but was always incredibly generous with her money, and has the mindset that you can't take it with you when you go, so you might as well enjoy your life now. + +After years of being frugal and saving hard, my partner and I bought a house 3 years ago. We have now cleared most of our debts (from having to fill said house with furniture etc.) and are in a good place financially. I'm just now struggling with the balance of saving for home repairs/a rainy day and wanting to enjoy my life. (I try to set myself a budget of £100 a week for spending but I always feel guilty when I actually spend it) + +So my question to you guys is - how do you balance spending money for fun, and saving. What is it you allow yourself to "splurge" on? +The number of stories i'm reading on this subreddit about people purchasing large amounts of bitcoin on credit cards, or taking out personal loans to buy bitcoin, or taking out equity in their homes to purchase bitcoin is really starting to scare me. + +This is speculation. + +Bitcoin arose out of the Mortgage Backed Security/Collateralized Debt Obligation/Housing Market Crash crisis back in 2008. If you still do not understand what happened back then, please educate yourself. + +What were people doing? They were taking out risky loans to buy houses in hopes of housing prices would increase and they'd be able to sell for a greater amount. They were taking out equity in their homes to purchase other homes in hopes that they be able to sell for a greater amount. + +Does any of this sound familiar? + +I will probably again be told to GTFO and stop FUDing as people read my other skeptical posts. But I am, in fact, a bitcoin believer, but I'm also a realist, and a great amount of speculation is occurring and we will have a correction (idk when I can't predict that), you can't go parabolic forever. + +TLDR: History repeats itself, if you take out a loan to buy bitcoin please know that what you are doing is speculating, and understand the historical risks involved with speculating. + +Edit: So people are aware. I am not stating that bitcoin will go down now or in the near future. The point I'm trying to bring up is the fact that bitcoin was created out a crisis where mass amounts of speculation occurred (it occurred on both the individual level and bank level) . And I find it ironic/scary that people are now doing the same thing with bitcoin. But hey people will make large amounts of money doing this until they don't. + +Do you believe in bitcoin or do you believe the price of bitcoin will go up? How many people will still be believers if we go down 30%? +So tried my hand at the wheel, thought I might be able to use something like SQQQ because if it fell it wouldn't fall hard. Sold 24 puts at $8.50 (when it was above this). That week it fell and I was assigned. So I switched to selling calls and now the volatility is drying up after about 4 weeks of this. So now I can either sell a call at $7.50 which will exercise for $200 loss or get a pittance for an $8 call that won't sell for much more than the original put exercised for. I thought I had a decent grasp at this, even set up an excel sheet to show overall profit. Maybe my math has been wrong? I've been subtracting every option premium from the total cost (so the original put and the 3 calls) then subtracting the new sell value, if called, by the adjusted cost value to get how much profit. I even have a section showing the sell value if I wanted to pull out into a different position. + +Anyway, what went wrong? + + +Edit: also any good reads on learning up more of this strategy. +Long time WSB here, today I had enough of YOLOing and hoping for 2000% gains. + +today I sold my Tesla and apple at a loss and took the responsible route of the wheel + +Here to my first cash covered put.... +LET THE PRICE DROP! + +Lets think, we are in win-win situation right now. If GME raises in price then of course we are getting closer to tendies. + +BUT think about it, we are ALL dumping as much money into CS as we can, and the lower the price the faster we can accumulate the whole float in CS. Shit if the price was $40 again we probably would have bought up the float a long time ago (in CS) with all these beautiful apes purchasing hundreds and even thousands of dollars of shares. (Now that owning the float finally matters with DR) + +TLDR + +Price up = closer to MOASS + +Price down = we can buy the float quicker = closer to MOASS + +TLDR:TLDR + +⬆️ = 🚀🚀 + +⬇️ +🧾= 🚀🚀 +A top recommendation on here is outsourcing as much as possible to buy time - but I’m having a difficult time with it. My husband and I have 3 young children, including an infant who demands a lot of attention. We’re both exhausted and constantly feel like we don’t have enough time to get everything done or recharge for the next day. I’ve tried various services to save time - cleaners, organizers, private chef. But I’m pretty frugal by nature, and I always feel afterwards that the services were expensive and the cost benefit ratio wasn’t worth it. + +We doing well financially and I do feel like I’m going to look back and think I should have just spent the money to do anything to make this particularly difficult season of life a little more manageable. Has anyone else dealt with this kind of internal resistance to buying time? +Binance released its Proof of Reserves (PoR) System ​which is the next step in their effort to provide transparency on user funds in their eyes. + +Kraken's CEO Jesse Powell takes aim at Binance's recently launched proof-of-reserves by calling it to be pointless. + +[Kraken CEO tweet](https://preview.redd.it/gyhp1zaig62a1.jpg?width=611&format=pjpg&auto=webp&s=9883971ea6864bcba9d2c523a63538f50690e0a9) + +He also added that Binance is misleading consumers: + +https://preview.redd.it/1ccq35itg62a1.jpg?width=611&format=pjpg&auto=webp&s=9b403bae591dba780172f332dea9a19251c6c464 + +Jesse Powell is right in my opinion. These "proof of reserves" means nothing. It's just eyewash transparency. They are showing you one piece of the equation which are assets but it's meaningless unless you see liabilities, in this case to know if they have positive or negative equity. +Large amount of assets really don't mean anything without the context. +I have my eyes on a few stocks and have already bought a few. It’s been hard recently finding good companies at the markets overall valuation. To me dividends are important. So this is a must considering I’m building a cash generation machine. + +I’m trying to find stocks at bargain/cheap prices. Not exactly solid companies that are trading fairly. Not you’re usual dividend aristocrats like ABBV, T, MMM, KO, etc. + +The ones that are being over looked and hopefully trading at historical lows. + +Lately I personally have been looking at or have bought: + + + + +REYN: Reynolds Consumer Products. Pretty new publicly, but have been around for sometime. They make more notably Reynolds wrap. Pretty decent brand for its category. Boring company but can easily pay out dividends for the foreseeable future presumably. Modest dividend of about 2%. + +TDS: Telephone and Data Systems. The own the majority of US cellular. And have standard land line style phone business. Not one of the big boys in the sector. But I’m sure they’ll get a piece of the pie. Pretty nice dividend a bit under 4%. I’m bullish especially with 5G emerging. + +ED: Consolidated Edison. Typical boring utility stock. But the sector is arguably one of the ‘safest.’ Most of the sector is still pretty fairly priced. But ED has gotten beat up lately and they seem much too cheap. And they have a solid 4.5% or so dividend. + +PBI: Pitney Bowes. I’m getting really close to buying into this company. I’m just waiting for a bit of a price cool off. (Hopefully.) pretty small company but they deal with shipping/packaging services and general e-commerce stuff. Considering shipping needs seem to be increasing they seem to be a good pick. Plus they seem to have a descent relationship with the USPS as a supplier. And have roughly a 2.3% dividend. + +*personal add* + +K: Kellogg. This is a pretty recognizable company. They are most known for breakfast cereals, snack bars, and other assorted food products. They have a stable business. Not much growth, but at least they offer predictability and a fairly good dividend of about 3.9%. A decent stock to stash away and not stress too much over. + +GILD: Gilead Sciences. They’re a biopharma company. This is a combo of an additional and part honorable mention. They had a huge run from 2010-2015. Since then they’ve been sliding. Seems like a decent time to buy them cheap. They have a pretty solid pipeline. Mainly in HIV and Hepatitis. And they offer a fairly nice dividend of about 4.3%. + + +EDIT: +*Honorable mentions by seemingly popular demand* + +MO: Altria Group. Very large tobacco company. I’ve personally owned shares for quite sometime now. They are responsible for the sales of Marlboro brand in America. They also have stakes in JUUL labs and Cronos Group cannabis company. Cheap valuation and a major dividend yield of about 7.7%. Long lasting dividend track record as well. Definitely a controversial company. It is a ‘sin stock’ after all. + +LUMN: Lumen Technologies. Former known as ‘Centurylink.’ They recently changed their name and ticker symbol. I also own this company currently and have for over a year. They are known for telecommunications services. They also have a very large fiber optic network. They offer a monster dividend of about 8.4%. + +IBM: International Business Machines. I also own this stock already and it does seem like they’re a great pick at current levels. Considering tech companies have been trading at a premium, IBM looks awfully appealing. They haven’t gotten much love for a while. I’m hopeful in their acquisition in Redhat. One would hope they’ll pivot into autonomy and AI heavier. One of the best cheap tech dividend stocks IMO. they offer a dividend of about 5.4%. + +T: ATT. I’ll stick them in here I suppose. Mainly due to how cheap they’ve gotten recently. One of my bigger holdings personally. They have a lot of debt, and their acquisition of DirectTv wasn’t the greatest, but they should continue to do well. They are a cash machine and should benefit from the 5G push greatly. Perhaps their entry into streaming will be fruitful as well considering they own the rights to Warner Media. + + +These are a few I’m looking at or have bought. I’m interested in what you guys think and which buried, tucked away value dividend stocks you’re looking at that are trading at juicy prices. +*The Jungle Beat will be posted every trading day at 4:20 pm NYSE time!* + +https://preview.redd.it/au1w4ehmr1a71.png?width=1426&format=png&auto=webp&s=94bfbbf97edfde4b0da6037195012d6bc510c5a9 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $191.38 + +&#x200B; + +Open Price: $179.83 + +Daily High: $194.22 + +Daily Low: $179.50 + +Volume: 2.78 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brick by Brick + +by u/Bye_Triangle + +&#x200B; + +We all love being partial owners of GameStop, but right now you have the opportunity to support a project that could put a GameStop right in your living room! + +&#x200B; + +Lego Ideas is a series of kits that Lego puts out from community members' ideas. Each idea is put through a few rounds of voting until it ultimately becomes a Lego set. Some amazing Ape (please make yourself known in the comments if you'd like) put together a proposal for a GameStop Lego set. As of writing this, the project has a total of 158 supporters, but its growing quick. I know that I for one would love to have a little Lego GameStop sitting on my shelf, so if you'd like to see this made, [definitely voice your support here!](https://ideas.lego.com/projects/906f72e1-46fd-4228-b364-a3fbb7cea249) **It looks like it needs 10,000 supporters to reach the final milestone of "Expert Review" before being approved for production**. *Looks at over half a million apes on Superstonk* 👀 + +&#x200B; + +https://preview.redd.it/72opxn5al1a71.jpg?width=1033&format=pjpg&auto=webp&s=b44ba7bacff8921395026ffe8431dd79fb1b4775 + +[Here's the back of the building, complete with the diamond hand betting dude icon, and the GME chart!! The exit sign is also marked out, because there is no exit strategy 😎](https://preview.redd.it/tozp2p56o1a71.jpg?width=828&format=pjpg&auto=webp&s=7902bfe3c3fed942b715569238c4014dc4ca817c) + +&#x200B; + +**This gives "Brick By Brick" a whole new meaning!** + +&#x200B; + +Ryan Cohen even tweeted about it + +&#x200B; + +https://preview.redd.it/1p2lfzweo1a71.jpg?width=1080&format=pjpg&auto=webp&s=ce3680311582f1baf0b3e1d3f8db205b404e9660 + +This was mentioned in the new Gamestop discord today. So maybe RC is in the chat? 👀 + +&#x200B; + +https://preview.redd.it/i7tvwjezp1a71.png?width=2209&format=png&auto=webp&s=715f756f2cd505488386a07d49a0cbbb6fd0f29a + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# New Photos Inside Gamestop Fulfillment Center in York, PA + +&#x200B; + +https://preview.redd.it/r6jy3uhtm1a71.png?width=665&format=png&auto=webp&s=a893688a1b77d575c6139702dfddd5accec48b52 + +https://preview.redd.it/kdzw7feum1a71.png?width=698&format=png&auto=webp&s=6a7017783952bb5b35b89dad9ad45688b80c1bd7 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# New TA term- Straight Down Thingy + +*These pics mention other tickers which I am* ***not*** *endorsing- this is representative of what's going on in the broader market* + +&#x200B; + +[🛑Uhm guys, tons of stocks and even ETFS are doing a weird, STRAIGHT down thingy. The % drop isn't the crazy part... the fact that SO MUCH of the market is doing this at the EXACT same time is kinda crazy thought..... Right?😍](https://www.reddit.com/r/Superstonk/comments/og5pm9/uhm_guys_tons_of_stocks_and_even_etfs_are_doing_a/) by [u/Philbuzzoff](https://www.reddit.com/user/Philbuzzoff/) + +&#x200B; + +https://preview.redd.it/skgyurf2p1a71.png?width=1080&format=png&auto=webp&s=513182af75a401d70451919905f8833b031ffbd2 + +&#x200B; + +https://preview.redd.it/xb39h8n3p1a71.png?width=1080&format=png&auto=webp&s=d443c3444da8822fde1619ee96d9957e2b3749d4 + +&#x200B; + +https://preview.redd.it/g5b8gt17p1a71.png?width=1080&format=png&auto=webp&s=6b6f810ce666fd56c75fff2a232079d77d57e12b + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# For new Apes: This is what happened yesterday + +by: u/derAres + +&#x200B; + +https://preview.redd.it/sfkqdfm1r1a71.png?width=598&format=png&auto=webp&s=25edf42f12ec6ca711772cecaf653f3ca6874c75 + +New apes note: the snapshot of the buy sell ratio is only of Fidelity and does not represent all brokers or the broader market sentiment. Only that specific broker. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# PSA- Rensole is taking the morning off, so there will be no Daily Stonk tomorrow! Feel better bud! 💖 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store)** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop)** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) +* [**Gamestop Ireland**](https://www.gamestop.ie/)**,** [**Gamestop Germany**](https://www.gamestop.de/) + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +[https://twitter.com/StonkSandwich](https://twitter.com/StonkSandwich) + +[https://twitter.com/ItsCaptainFan](https://twitter.com/ItsCaptainFan) + +[https://twitter.com/grungromp](https://twitter.com/grungromp) + +[https://twitter.com/MetaMadie](https://twitter.com/MetaMadie) + +[https://twitter.com/\_\_badtothebone\_](https://twitter.com/__badtothebone_) + +&#x200B; + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +https://preview.redd.it/eokxc04wr1a71.png?width=1600&format=png&auto=webp&s=a233789c48421ca32dcec7012abcd3e2296f2a62 + This is the 3rd time it has been delayed. I don't remember another rule related to the MOASS being delayed this long. According to their laws once a rule is proposed and hits the Federal register it has 180 days to be approved or denied. Yesterday was the 180th day for NSCC-2021-010 but they cited a sub clause that allows them to extend it one more time for up to 60 days. The new date is April 8th. As far as i can tell the laws they use don't allow for another 60 day extension after that so it should be the last but i will leave the link for other Apes to check for loopholes. [https://www.law.cornell.edu/uscode/text/15/78s](https://www.law.cornell.edu/uscode/text/15/78s) + +The Government is stalling for time like the useless Bureaucrats they are. Remember these moments fellow Apes when the MOASS does finally come. Use it to so you do not give into fear, tiredness, or the lies of con men like Lou and sell your shares for any less than their true value. Remember how long they have made us wait for something that we won fairly. Time is money and they have wasted a lot of time. Each day the price goes up! UNITED WE GET RICH, DIVIDED WE FALL! [https://www.sec.gov/rules/sro/nscc/2022/34-94168.pdf](https://www.sec.gov/rules/sro/nscc/2022/34-94168.pdf) +Hey guys, +Posted on here last week about taxes and a 2nd home. Spoke with my accountant and wanted to update in case anyone else is in my situation. + +I am a NYer. Have been in FL for 3 months. Going to buy a beach house and stay here till next fall. Afterwards I will rent it out. Want the house bc: (i) it’s near my business partner and working together in person will help new products be successful (ii) it’s close to my aging parents and my less fortunate siblings could use to visit, (iii) my kids aren’t going back to school till next fall, (iv) will be a nice place to retire eventually. + +Accountant says: +- Claim residency in FL and eliminate a large portion of income tax. $500,000+ income this year. I was worried about an audit, but if I’m legit in FL all year, I’ll have no problem. +- Next year treat it as a rental. 27.5 yr straight line depreciation on cost of house, most major improvements. Furniture, fixtures, and appliances can be depreciated much faster. +- was planning on cash offer, but he suggested mortgage as rates are low and interest on rental can be deducted. Only the IRS’ passive loss rule will push out deductions a year or two. They won’t let you deduct passive (rental) expenses on active (from my company) revenues. +- fun fact: it’s still a “cash offer” if you pay for half with a mortgage, you just can’t back out if it doesn’t appraise for what you expect. + +Going to proceed with an offer. Have a great day! +&#x200B; + +[The prediction \(made by u\/possibly6 on the 10th of September\)](https://preview.redd.it/iaf9tdjhoqq71.png?width=2798&format=png&auto=webp&s=c1e80e285a9577360b457effb009bef0210d65c8) + +[Current graph as of 30th of September 2021 \(Tradingview\)](https://preview.redd.it/eq28cbhioqq71.png?width=1330&format=png&auto=webp&s=047a51b4ab00a781a97acaaf5d5fcebc5fe70b58) + +[Both of them overlaid with some transformation to make it fit! LOOK AT THIS!](https://preview.redd.it/0b4xld8poqq71.png?width=2798&format=png&auto=webp&s=bcf92164b9a176b82d667eae873120252adef86d) + +Full credit goes to this guy: u/possibly6 + +Check to original DD here: [The Dip Before The Rip, The Final Countdown](https://www.reddit.com/r/Superstonk/comments/pl885m/the_dip_before_the_rip_the_final_countdown/) + +&#x200B; + +edit: + +Check the latest analysis from the man himself here (YouTube Vid): [The Last Week of Sideways for GME](https://www.youtube.com/watch?v=Dkyy8F--8z4) +Article from WSJ today. I think it maybe relevant to the FIRE crowd. I have always thought that the amount we will spend in retirements about the same or more than now. So I try to target a number that is double the minimum amount. + +[How much money will you really spend in retirement? Probably a lot more than you think. ](https://www.wsj.com/articles/how-much-money-will-you-really-spend-in-retirement-probably-a-lot-more-than-you-think-1536026820?emailToken=1d63286f7c5a44f054815619e5edbeb8LXZRKg141lXNPuT6i50/xDSXA4Uc+zsWWUTHtseSBCa4ltly3kHpIWw83mbmic9DsrdLwlv/HDKcM0BoNY5PgXSsSIT4Vh2PL3Wa6k/WDexYRJ7ipQBd0Jlbo3v9W3C9gx0qJTe09nKOheeh0nGCT12OnpZrgP32qwNM/MArhz0%3D&reflink=article_copyURL_share) + +Edit: I didn’t open the spreadsheet before I posted the article and I didn’t realize that it was above the actual income. What I did find interesting about the article and somethings I’ve always wondered about is that spending in retirement might be higher than what I spend now (less child care and savings). Sure I may not have a mortgage (but I might) and I might not be paying for childcare, but it’s really hard to account for health care. I feel like in the future it will be about the same as mortgage or child care. We don’t eat out much and my cooking is pretty much on the low end, so it would be hard for that to go down. It can only go up because of less free food/coffee at work. + +Honestly, the closest example I can think of to this is I thought I would save $2000/mo on child care when my kids are out of daycare and in school, but when I did the math, it was closer to $1000 once I factor in before and after care as well as summer care. Less than $2000, but not zero, actually quite substantial. + +I’m not entirely sure how they arrived at those numbers, most of them are on the higher end, however there maybe little luxuries in all of our lives we don’t account. Cars for example, the average cost of ownership is $725/mo based on AAA, and extra $200/mo will get you a slightly higher model than national average if you factor in higher depreciation, higher maintenance cost, insurance and lower fuel economy. Perhaps not everyone pays that much monthly for their cars, but it’s not a crazy, out of this world number. +Off market deals are those not listed to the general public. These deals are typically superior due to limited competition. + +You get access to these deals by going direct to owner (more likely) or through broker networks. + +I will be focusing on the broker network in this post. + +These brokers you're contacting have buyer lists. This list is tiered. Top tier buyers see the deal first (reputation of closing). If they pass, the next tier gets a look, and so and so forth. You can see how the worst deals get filtered to the bottom of the tier list. + +**The name of the game is to work your way up this tier list.** + +Here's a step-by-step guide on how to do that. + +# 1. Email the top 15 brokers in the area that focus on your asset class + +In this case “top” means most active. You can gauge this by transaction volume in the trailing 12-24 months. These are the hustler's. They are the ones with the deals. \*\**Having access to CoStar makes this very easy. If you don't have access you can find these brokerages via google. Look for the firms that focus on your asset class. Search "asset class" + "brokerage"* + +PRO TIPS + +* Contact the associates. She is hungry to do a deal, which means your goals align. Don't reach out to the Managing Director. She is unlikely to care about your 8 unit deal. +* The real gold mines are the smaller niche brokerages. Find those. +* When reaching out make sure you’re very concise in what you are looking for. Provide a bulleted list of your criteria. This displays professionalism and seriousness. Differentiate yourself from the dozens of tire-kickers that email these brokers daily. + +# 2. Follow brokers on social + +This will provide you with an opportunity to engage, learn interests, and will help keep a pulse on their work. Also, if you post productively they will see that you are a serious investor. + +PRO TIP + +* Follow up/engage as much as you see fit. Become their friend. You're trying to build trust. The best way to do that is through consistency and commonality. + +# 3. Make your follow up call + +2-7 days following your initial outreach. Give the brokers a call. Whether they responded or not. This is part of the relationship building process. Easier to convey to personality on the line. Also, gives you another excuse to chat. + +# 4. Create a system to track follow ups + +The best deals will take time. It typically takes 5-7 touch points to get the good stuff. If you build a relationship organically and continue to stay in front of them you will see good deals. + +PRO TIPS + +* CRM software is not necessary (but convenient). When starting out give Excel, Notion, or Trello a go. These have standard templates you can use. +* Don't follow up too much. If they aren't sending anything, default to following up every 2-3 weeks. Be persistent but not annoying. There’s a fine line. Switch it up, make calls, touch on social, call, etc. + +# 5. Uncover new brokers and repeat the process + +As you educate yourself and have conversations you will uncover more brokers. The low-key (but active) brokers are usually great connections to have. + +# 6. DEALS! + +Continue this process and you will uncover deals the fly-by-nights are not looking at. This is already an advantage. Understand this will take patience. You will be shutdown and ignored. Keep pressing (politely). + +&#x200B; + +**Why volume of deal flow is so important** + +It’s a numbers game. The lifeblood of quality deals stems from consistent deal flow. The more deals you see the more efficient your underwriting. AKA the better your ability to pass on mediocre deals. Once you're confident you have consistent deals in the pipeline, you will have no problem closing the door on that average deal. +I'm trying to put together some disparate pieces of information to figure out where I come out this year. + +I took out an early 401k disbursement for coronavirus hardship, 20% tax withheld, of $10k. All subject to short term capital gains tax rate. + +I also had an outright capital loss of $10k from thinking i knew how to trade. Lesson learned, but there it is. It's possible some trades are subject to wash sale rules, but for simplicity I'm assuming they're not. + +All other income is w-2 wages. + +Do my investments: +1) cancel outright, returning withheld taxes + +2) net -7k this year, followed by +3k for two years as per the hardship distribution + +3) net 0 for three years due to both the distribution rules and tax loss maximum + +4) something else? + +Also as a second question, the hardship distribution was self certified, does that mean I have to submit something? I can't find a form of any kind anywhere, is it only to be proved if I'm audited? + +Thank you for any help you can give, I'm out of my depth. +[https://www.cnbc.com/2020/07/23/tesla-sues-rivian-for-allegedly-stealing-secrets-poaching-employees.html](https://www.cnbc.com/2020/07/23/tesla-sues-rivian-for-allegedly-stealing-secrets-poaching-employees.html) + +"[Tesla](https://www.cnbc.com/quotes/?symbol=TSLA) is suing electric-vehicle start-up Rivian, saying in a filing this week that its rival stole trade secrets and poached employees.  + +'Rivian is knowingly encouraging the misappropriation of Tesla’s trade secret, confidential, and proprietary information by Tesla employees that Rivian hires,' the company said in a lawsuit. + +Rivian employs roughly 2,300 people, and Tesla claims 178 of those are former Tesla employees." +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 +