diff --git "a/reddit_finance_43_250k_182.txt" "b/reddit_finance_43_250k_182.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_182.txt" @@ -0,0 +1,10000 @@ +Most of those would’ve paper-handed but others stayed and began to learn more about the stock market - that’s me. + +So where are we now? Well I’m jacked to the tits, ready and waiting for this rocket ignite. + +When that ignition kicks in you better believe the FOMO gang are gonna hear it! + +Who knows what impact it will have but a guarantee you if GME keeps going up, people will still be buying in at $50,000 a share like they bought into Bitcoin and in some regards Tesla. + +So strap-in grab your favourite colour and just get yourself into the mindset that this will launch. + +Have a great weekend fellow apes. +Teladoc ($TDOC) was one of the most volatile stocks in the last few years. The share price increased 10x from $33 (5 years ago) to almost $300 at the peak of Feb 2021. Since then, the price declined by 90% and is now back in the $30s. + +I've spoken with quite some retail investors and it's so interesting to see the two opposing views. Some are very optimistic about Teladoc and expect the price will go back to the all-time highs. While others are expecting the price to go below $10 and are short-selling the stock. + +The goal of this post is to share my fundamental analysis and valuation. Feel free to provide your feedback, add your own insights, and disagree with me :) + +It is good to mention that the market cap is $5b, we can keep this number in mind when comparing it to other parts of the financials later on. Let's get started! + +Link to the video for those who prefer to watch: [https://youtu.be/jAEoAeP5tFw](https://youtu.be/jAEoAeP5tFw) + +&#x200B; + +**What is Teladoc?** + +Teladoc is a global leader in whole personal virtual care. It is challenging the traditional model for hospital visits for non-urgent mattes and provides a new, more convenient alternative, that is available 24/7. It has been referred to as Uber for doctors. Patients can use the Teladoc platform to schedule online visits and connect with the right healthcare professional, whether that's related to acute care, specialty care, mental health, or wellness & prevention (including prescription). Teladoc stores a significant amount of data regarding the patients that can be analyzed using AI and provide meaningful insights that can easily be used. + +Related to the service provided through the platform, 92% of all issues are solved in 1 virtual visit and 1% are being referred to emergency care. This means the platform does a good job of connecting the patient with the right healthcare professional. + +&#x200B; + +**How does Teladoc make money?** + +Teladoc has two main revenue sources: + +1. Access (subscription) fees - In the majority of the cases, employers pay this fee on behalf of their employees ($14.99/month or $99/annually). This is roughly 85% of the revenue, which makes Teladoc mainly a B2B company. This is a subscription that allows the employees to access the platform and schedule virtual visits/appointments on their own. Hence, this is a pretty high-margin revenue. +2. Visit fees - Although the majority of the payment for the virtual visits goes from the patient to the doctor, Teladoc keeps a small % of it as a "visit fee". This is a lower-margin revenue and it represents the remaining portion of Teladoc's revenue. + +&#x200B; + +**How does Teladoc grow?** + +If we take into account the revenue sources, it is clear that Teladoc grows in two ways: + +1. Provide access to more members and hence increase the access fees. - Teladoc has almost 55m paid members in the US and it can be argued that the US market is already highly penetrated with limited growth ahead. Of course, internationally, there's still room to grow, but there are plenty of other competitors as well and the rates are likely to be much lower than in the US. +2. Increase the # of visits which leads to higher visit fees. - The company publishes a so-called utilization rate, which is calculated as the # of visits divided by the # of members. This rate has increased from 17.5% in Q1/2021 to 23.4% in Q1/2022. Roughly 1/5 of the members use the platform and schedule meetings. I find this a bit difficult to increase significantly. The nature of the service doesn't allow the company to upsell/cross-sell, with the exception of the nutrition/wellness segment. However, that very segment is highly competitive in the first place and there are cheaper alternatives. + +**Livongo - the elephant in the room** + +Historically, the growth has come from a combination of organic growth and acquisitions. In 2020, Teladoc acquired Livongo and the purchase price was $13.9b (net of cash received). The fair value of the balance sheet of Livongo was roughly $1b, which lead to goodwill recognition of a staggering $12.9b. Of course, the majority of that purchase price was in the form of stock and at the acquisition point, both Teladoc and Livongo were significantly overvalued. However, let's not forget that the market cap of Teladoc today (including Livongo) is $5b, a lot less than the acquisition of Livongo on its own. + +Livongo is also a company that operates in the industry, providing a device that allows the patients to measure certain important aspects on their own. They're mainly focused on diabetes management/prevention, high blood pressure, and weight management. + +Fast forward to Q1/2022, Teladoc reported a goodwill impairment of $6.6b, roughly 50% of the goodwill initially recognized. + +**Why was the goodwill impairment and what does this mean?** + +Every company has to do so-called goodwill impairment testing annually. In a nutshell, the company needs to forecast the future cash flows that are expected to be generated from the acquisition, discount it to today and compare it with what they have on the balance sheet (including the goodwill). If the outcome is higher than what the company has on the balance sheet, then nothing happens. But if the outcome is lower, they need to impair the goodwill. + +This impairment means that Teladoc forecasted the future cash flows and discounted them to today and the outcome was $6.6b lower than what they expected at the point of acquisition. + +What is interesting is that there's still over $6b of goodwill related to Livongo only, so Teladoc still believes that Livongo is worth over $6b. The market disagrees significantly as it prices the entire company lower than what Teladoc is valuing Livongo alone. + +Goodwill impairment is a non-cash expense, so although it is in the P&L, it has no significant impact on the company's financials. However, it does raise two of the main risks when it comes to making big acquisitions: + +1. Selecting the right company that will create synergy. +2. Integrating the acquired company into the existing environment. + +&#x200B; + +**Historical financial performance** + +If we take a look at the revenue growth, it increased from $233m for the full-year 2017 to $2.1b for the last twelve months (ending Q1/2022). Although it is impressive annual growth, a lot of that came from the acquisitions. The organic growth was close to 40% CAGR. The expected growth for 2022 is close to 20%, which shows that the growth is quite limited ahead (at least organically). + +The gross margin is currently around 68% and depending on which revenue source contributes more, it could fluctuate in both directions. The main direct costs that are being incurred are fees paid to doctors, data center activities, and client support. + +&#x200B; + +Operating expenses: + +**- Sales & Marketing** \- As % of revenue, it has decreased from 41% (in 2021) to 33% (LTM). That is roughly $700m and it can be argued that it might not be producing high RoI based on the revenue growth. + +**- Technology & Development** \- Stable at 15% of revenue + +**- General & Administrative** \- Significantly decreased from 34% (in 2021) to 20% of revenue (LTM) + +**- Depreciation & Amortization** \- Increased from 8.2% (in 2021) to 10% (LTM) + +**The operating margin** has improved from -32% (in 2021) to -12% (LTM, excluding the $6.6b goodwill impairment). + +&#x200B; + +**Liquidity** + +Although the company's operating margin is negative, part of the costs are paid via share-based compensation, so the company's operating cash flow seems positive as this is a non-cash expense. However, this of course leads to dilution of shares. It is worth mentioning that it does help when it comes to the short/mid-term liquidity challenges in this environment and reduces the risk of bankruptcy. + +&#x200B; + +**The balance sheet** + +The goodwill remaining on the balance sheet arising from all historical acquisitions ($7.9b), together with the other intangible assets ($1.9b), and the cash ($0.8b) comprises 96% of Teladoc's balance sheet ($11.1b). + +On the liability side, the most important topic worth mentioning is the long-term debt and leases, amounting to $1.6b (2x the cash the company has available). + +The company is capital-light, so the focus should be mainly on the $0.8m cash and $1.6b debt. + +&#x200B; + +**The valuation** + +I used a DCF model to estimate the company's value. The assumptions are listed below: + +**Revenue growth:** 20% in the next 12 months, followed by 15% in the 4 years after that and declining growth over time to 3.41% in 10 years' time. This is in line with analysts' expectations for the next 2 years as well as the management's guidance. + +**Operating margin:** to improve over time, to reach 9% in year 5 and 25% in year 10. + +**Discount rate:** Currently 7%, increasing to 10.6% over time (as the fed is raising the interest rate) + +**Outcome**: $38.77/share + +\*Note: In the DCF calculation, the outstanding equity options are also taken into account as well as the deferred tax that they can use to reduce their future tax payments. + +&#x200B; + +**What if my assumptions are significantly wrong?** + +Based on my assumptions above, the revenue will grow by 208% to $6.6b in the next 10 years and the target operating margin is 25%. + +Let's take a look at how the valuation of the company (per share) changes based on different assumptions related to the revenue 10 years from now and the operating margin: + +|Revenue / Op. margin|20%|25%|30%| +|:-|:-|:-|:-| +|150% ($5.4b)|$21.9|$31.0|$40.1| +|208% ($6.6b)|$27.8|$38.8|$49.8| +|300% ($8.6b)|$37.3|$51.3|$65.3| +|350% ($9.6b)|$42.5|$58.1|$73.8| + +There is still quite some uncertainty ahead of Teladoc and it is clear that the level of success depends on the # of new members they can bring to their platform as well as the utilization rate. Looking into the two opposite views, I'm in the middle. I don't think that Teladoc will go down to $0 as there is a value that the platform is providing and I don't see a bankruptcy risk. However, I don't think that going back to the levels of $300 in the next few years is also reasonable (at least based on the fundamentals). +Teladoc ($TDOC) was one of the most volatile stocks in the last few years. The share price increased 10x from $33 (5 years ago) to almost $300 at the peak of Feb 2021. Since then, the price declined by 90% and is now back in the $30s. + +I've spoken with quite some retail investors and it's so interesting to see the two opposing views. Some are very optimistic about Teladoc and expect the price will go back to the all-time highs. While others are expecting the price to go below $10 and are short-selling the stock. + +The goal of this post is to share my fundamental analysis and valuation. Feel free to provide your feedback, add your own insights, and disagree with me :) + +It is good to mention that the market cap is $5b, we can keep this number in mind when comparing it to other parts of the financials later on. Let's get started! + +Link to the video for those who prefer to watch: [https://youtu.be/jAEoAeP5tFw](https://youtu.be/jAEoAeP5tFw) + +&#x200B; + +**What is Teladoc?** + +Teladoc is a global leader in whole personal virtual care. It is challenging the traditional model for hospital visits for non-urgent mattes and provides a new, more convenient alternative, that is available 24/7. It has been referred to as Uber for doctors. Patients can use the Teladoc platform to schedule online visits and connect with the right healthcare professional, whether that's related to acute care, specialty care, mental health, or wellness & prevention (including prescription). Teladoc stores a significant amount of data regarding the patients that can be analyzed using AI and provide meaningful insights that can easily be used. + +Related to the service provided through the platform, 92% of all issues are solved in 1 virtual visit and 1% are being referred to emergency care. This means the platform does a good job of connecting the patient with the right healthcare professional. + +&#x200B; + +**How does Teladoc make money?** + +Teladoc has two main revenue sources: + +1. Access (subscription) fees - In the majority of the cases, employers pay this fee on behalf of their employees ($14.99/month or $99/annually). This is roughly 85% of the revenue, which makes Teladoc mainly a B2B company. This is a subscription that allows the employees to access the platform and schedule virtual visits/appointments on their own. Hence, this is a pretty high-margin revenue. +2. Visit fees - Although the majority of the payment for the virtual visits goes from the patient to the doctor, Teladoc keeps a small % of it as a "visit fee". This is a lower-margin revenue and it represents the remaining portion of Teladoc's revenue. + +&#x200B; + +**How does Teladoc grow?** + +If we take into account the revenue sources, it is clear that Teladoc grows in two ways: + +1. Provide access to more members and hence increase the access fees. - Teladoc has almost 55m paid members in the US and it can be argued that the US market is already highly penetrated with limited growth ahead. Of course, internationally, there's still room to grow, but there are plenty of other competitors as well and the rates are likely to be much lower than in the US. +2. Increase the # of visits which leads to higher visit fees. - The company publishes a so-called utilization rate, which is calculated as the # of visits divided by the # of members. This rate has increased from 17.5% in Q1/2021 to 23.4% in Q1/2022. Roughly 1/5 of the members use the platform and schedule meetings. I find this a bit difficult to increase significantly. The nature of the service doesn't allow the company to upsell/cross-sell, with the exception of the nutrition/wellness segment. However, that very segment is highly competitive in the first place and there are cheaper alternatives. + +**Livongo - the elephant in the room** + +Historically, the growth has come from a combination of organic growth and acquisitions. In 2020, Teladoc acquired Livongo and the purchase price was $13.9b (net of cash received). The fair value of the balance sheet of Livongo was roughly $1b, which lead to goodwill recognition of a staggering $12.9b. Of course, the majority of that purchase price was in the form of stock and at the acquisition point, both Teladoc and Livongo were significantly overvalued. However, let's not forget that the market cap of Teladoc today (including Livongo) is $5b, a lot less than the acquisition of Livongo on its own. + +Livongo is also a company that operates in the industry, providing a device that allows the patients to measure certain important aspects on their own. They're mainly focused on diabetes management/prevention, high blood pressure, and weight management. + +Fast forward to Q1/2022, Teladoc reported a goodwill impairment of $6.6b, roughly 50% of the goodwill initially recognized. + +**Why was the goodwill impairment and what does this mean?** + +Every company has to do so-called goodwill impairment testing annually. In a nutshell, the company needs to forecast the future cash flows that are expected to be generated from the acquisition, discount it to today and compare it with what they have on the balance sheet (including the goodwill). If the outcome is higher than what the company has on the balance sheet, then nothing happens. But if the outcome is lower, they need to impair the goodwill. + +This impairment means that Teladoc forecasted the future cash flows and discounted them to today and the outcome was $6.6b lower than what they expected at the point of acquisition. + +What is interesting is that there's still over $6b of goodwill related to Livongo only, so Teladoc still believes that Livongo is worth over $6b. The market disagrees significantly as it prices the entire company lower than what Teladoc is valuing Livongo alone. + +Goodwill impairment is a non-cash expense, so although it is in the P&L, it has no significant impact on the company's financials. However, it does raise two of the main risks when it comes to making big acquisitions: + +1. Selecting the right company that will create synergy. +2. Integrating the acquired company into the existing environment. + +&#x200B; + +**Historical financial performance** + +If we take a look at the revenue growth, it increased from $233m for the full-year 2017 to $2.1b for the last twelve months (ending Q1/2022). Although it is impressive annual growth, a lot of that came from the acquisitions. The organic growth was close to 40% CAGR. The expected growth for 2022 is close to 20%, which shows that the growth is quite limited ahead (at least organically). + +The gross margin is currently around 68% and depending on which revenue source contributes more, it could fluctuate in both directions. The main direct costs that are being incurred are fees paid to doctors, data center activities, and client support. + +&#x200B; + +Operating expenses: + +**- Sales & Marketing** \- As % of revenue, it has decreased from 41% (in 2021) to 33% (LTM). That is roughly $700m and it can be argued that it might not be producing high RoI based on the revenue growth. + +**- Technology & Development** \- Stable at 15% of revenue + +**- General & Administrative** \- Significantly decreased from 34% (in 2021) to 20% of revenue (LTM) + +**- Depreciation & Amortization** \- Increased from 8.2% (in 2021) to 10% (LTM) + +**The operating margin** has improved from -32% (in 2021) to -12% (LTM, excluding the $6.6b goodwill impairment). + +&#x200B; + +**Liquidity** + +Although the company's operating margin is negative, part of the costs are paid via share-based compensation, so the company's operating cash flow seems positive as this is a non-cash expense. However, this of course leads to dilution of shares. It is worth mentioning that it does help when it comes to the short/mid-term liquidity challenges in this environment and reduces the risk of bankruptcy. + +&#x200B; + +**The balance sheet** + +The goodwill remaining on the balance sheet arising from all historical acquisitions ($7.9b), together with the other intangible assets ($1.9b), and the cash ($0.8b) comprises 96% of Teladoc's balance sheet ($11.1b). + +On the liability side, the most important topic worth mentioning is the long-term debt and leases, amounting to $1.6b (2x the cash the company has available). + +The company is capital-light, so the focus should be mainly on the $0.8m cash and $1.6b debt. + +&#x200B; + +**The valuation** + +I used a DCF model to estimate the company's value. The assumptions are listed below: + +**Revenue growth:** 20% in the next 12 months, followed by 15% in the 4 years after that and declining growth over time to 3.41% in 10 years' time. This is in line with analysts' expectations for the next 2 years as well as the management's guidance. + +**Operating margin:** to improve over time, to reach 9% in year 5 and 25% in year 10. + +**Discount rate:** Currently 7%, increasing to 10.6% over time (as the fed is raising the interest rate) + +**Outcome**: $38.77/share + +\*Note: In the DCF calculation, the outstanding equity options are also taken into account as well as the deferred tax that they can use to reduce their future tax payments. + +&#x200B; + +**What if my assumptions are significantly wrong?** + +Based on my assumptions above, the revenue will grow by 208% to $6.6b in the next 10 years and the target operating margin is 25%. + +Let's take a look at how the valuation of the company (per share) changes based on different assumptions related to the revenue 10 years from now and the operating margin: + +|Revenue / Op. margin|20%|25%|30%| +|:-|:-|:-|:-| +|150% ($5.4b)|$21.9|$31.0|$40.1| +|208% ($6.6b)|$27.8|$38.8|$49.8| +|300% ($8.6b)|$37.3|$51.3|$65.3| +|350% ($9.6b)|$42.5|$58.1|$73.8| + +There is still quite some uncertainty ahead of Teladoc and it is clear that the level of success depends on the # of new members they can bring to their platform as well as the utilization rate. Looking into the two opposite views, I'm in the middle. I don't think that Teladoc will go down to $0 as there is a value that the platform is providing and I don't see a bankruptcy risk. However, I don't think that going back to the levels of $300 in the next few years is also reasonable (at least based on the fundamentals). +# Rio Tinto DD + +Ticker: RIO. Listed in ASX, London and US ADR. I'll be referring to the performance of the London listed shares. + +Market cap: $101bn + +Position: Long only holder across savings account and leveraged accounts. + +Sources used: Google Finance, Bloomberg, Rio Capital Markets day presentation from October 2021 (latter very useful!) + +# Summary of idea + +* Stock is down \~16.5% to 12 November 2021 and is down around 5.5% in total return terms YTD +* This compares to Metals & Mining ETF (Ticker: XME) which is +40% YTD +* EV/EBITDA multiple around 3.7x +* Rio has a double digit dividend yield indicated for 2022 based on analyst estimates (10+%) +* Stock has sold off on plunging Iron Ore prices (linked to slowdown in China Property sector) +* Company has a very strong balance sheet (had a net cash position of $3.14bn) which means it has option (carry out M&A into more “green transition metals” and pay dividends to shareholders). +* Reason for holding / adding: Pick up the attractive dividend yield in lieu of a more normalization of Iron ore demand but also potentially more attractive returns from its other metal divisions (aluminum/copper/lithium). + +# About Rio Tinto + +* Rio Tinto Group is an Anglo-Australian multinational and the world's second-largest metals and mining corporation, behind BHP. +* Rio market cap = $101bn +* BHP market cap = $136bn +* Note that Rio’s top shareholder is a Singapore based entity owned by Chinalco (Aluminum corporation of China). Their shareholding has remained quite significant since their shares have not been bought back in most recent share buybacks + +# Valuation + +Rio trades around an EV/EBITDA multiple of around 3.7x, which doesn’t seem very demanding. + +# Key strengths of the stock + +a) **High dividend yield and high likelihood of payment -** Management are very likely to keep dividend in tact (\~10-11% yield estimates) as it forms a key part of their strategy. + +**b)** **Rio has a solid balance sheet –** Namely, it was in a net cash position as at H1 2021, it has a Single A Credit rating (therefore has ample access to cheap financing if needed). Their balance sheet is in much better shape than when the commodities crash happened in 2015/16. No bond maturities until 2024 and didn’t draw down on bank facility during pandemic. Rio recently tendered for its 2025 bonds (buyback) in order to increase its debt maturity profile. + +**c)** **Mega cap – Liquid shares on FTSE 100 and also US ADR and ASX listed shares.** + +**d)** **Several equity analysts covering the stock have already reduced their estimates in light of lowered company Iron Ore production guidance.** Some analysts reduced their earnings estimates post the capital markets day in October. Although they might not have adjusted fully for the more recent large drop in Iron ore prices. + +# Opportunities for stock to re-rate + +* US Infrastructure bill and global infrastructure programs (in order to boost GDP post COVID) +* The End of Chinese Winter Olympics (Q1 2022) - Since for now, China has asked steel mills to cut production until March 15 2022, in order to clear the smog-blanketed sky and to ensure the achievement of the country's steel output reduction target. +* Business is future-proofing itself to be more ESG compliant and held a recent capital markets day mainly for this aspect. +* CEO is actively exploring growth options in copper, lithium and other ‘transition metals’ in change from predecessor +* Availability of cash and ample funding lines means they can execute on M&A plans into higher growth areas (see opportunities) +* Iron ore prices – Low prices unlikely to last forever. Think back to how post the pandemic, low price barrels were hoovered up eventually by Chinese State and others. +* Rio is looking to grow some of its non Iron-ore Metals franchises significantly between 2020 and 2030: + +1. Lithium – By 10x +2. Nickel – By 5.5x +3. Cobalt – By 3.85x +4. Copper – By 1.5x + +* Other areas they are involved in include Green Aluminum and Green Steel +* RIO committed $2.4 bn to the Jadar lithium borates project in Serbia, one of the world’s largest greenfield lithium project. Jadar will produce battery-grade lithium carbonate and position RIO as the largest source of lithium supply in Europe for at least the next 15 years. In addition, Jadar will produce borates, which are used in solar panels and wind turbines. + +**Threats and Weaknesses** + +* Short-medium term Iron ore demand picture due to China appears pretty abysmal: +* In October - Iron ore stockpiles at major Chinese ports rose to their highest since the pandemic impacted China’s economy in March 2019. Total stocks rose to 142.3 million metric tons by the end of October, as the slowdown in major steel mills output continued. Bloomberg +* Demand in other parts of Asia also weak currently - In the period from October 1 to 22, Japan and South Korean inbound iron ore shipments declined by more than 40% compared to the comparable four-week period in September. Four-week rolling averages for the two countries are now at the lowest levels compared to the same period in past years. Singapore shipments declined by around 6%, but remain in line with seasonal average levels. Bloomberg +* China’s steel industry continues to reel from supply curbs. Steel industry output fell 7.4% month-on-month in October, according to the China Iron & Steel Industry Association. Meanwhile, basic oxygen furnace steel mill utilization rates fell below 75% in the final two weeks of October. Source: Bloomberg +* Rising unit costs (higher processing costs, haulage, energy, and wage costs) +* Higher energy costs stay high for longer, which reduces margins + +**Relative performance:** + +Unfortunately I can't paste graphs on here but the YTD share price return of Rio lags its more diversified peers (BHP/Anglo/Glencore): + +Rio -16.5% + +BHP -3.5% + +Vale -27% + +FMG (AU) -36.5% + +Anglo American +12.7% + +Glencore +50% + +**Segmental Analysis of divisions at Rio:** + +Gross product sales as proportion of total reportable segments (H1 2021): + +* Iron Ore - 63% +* Aluminum - 17% +* Copper - 11% +* Minerals - 9% + +Gross underling EBITDA as proportion of total reportable segments (H1 2021): + +* Iron Ore - 75% +* Aluminum - 9% +* Copper - 10% +* Minerals - 7% + +**Key Financials from H1 2021:** + +* Sales: $33bn +* Underlying EBITDA margin: 61% +* FCF of $10.18bn +* Underlying ROCE: 50% +* Net cash position: $3.14bn + +**Feedback appreciated if any.** + + 1. “Hodl” is a meme for suckers. + +As prices climb you‘ll start to hear a lot about hodling. [insert 300 and Braveheart meme here]. Just FYI: “Hodl” comes from the early days when folks completely forgot about their Bitcoins until one day they heard on the news that this nerd money passed $1k/coin. They dug out their old wallet (if they were lucky enough to still have access) and thus woke up millionaires. In short: their inadvertent holding made them exceedingly wealthy. + +The fact is that “hodl” doesn’t mean “never sell” it just means “try not to sell before you’re satisfied.” There’s nothing noble about “never selling” your coins—you tell yourself you’ll hodl through thick and thin—watch the comments like “I’m in cold storage and just grabbing the popcorn” while the market is in free fall.—but that means you have no idea just how cold crypto winter can get. + +Your “loyalty” will mean jack-all when your portfolio has gone from $300k to $3k. + + 2. Take the Money and Run: + +Set a goal and STICK TO IT. If you’ve made life changing money, or just enough for that goal: a new car, a new computer, college loans, etc.—don’t roll the profits over into the next coin poised to explode — just take the money and run. Do what you planned to with it, celebrate, and enjoy your success (no matter what that success looks like). The bear will come and you can buy back in. + +Greed is a bottomless pit and always chasing “a little bit more” will never make you happy. Remember that meme of the dude at the party standing in the corner while everyone else is having fun: “They dont know i have ETH.” + +News flash: yes they do. But even so, living is way more important than hodling—and the people dancing, having a genuinely good time living life, are in a way better position than the guy in the corner with his ETH. + + 3. You don’t start spending the money until you’ve lost the money. + +I remember the first time I experienced my portfolio climbing $5k/$10k per day. It was insanity. All of a sudden money became cheap. Easy to throw away, easy to take for granted. Amounts of money that I had never dreamed could have become accessible to me had suddenly become nothing more than crumbs. + +It wasn’t until the proceeding bear market—when it had ‘dip’-by-‘dip’ fizzled to almost nothing did I start to think about what I could have spent all that cash on. I had tried so hard to maximize my gains that I was afraid to sell anything—lest my portfolio grow less exponentially than it otherwise would have. + +So many moments in the proceeding bear market where I tormented myself with questions: “why didn’t I at least buy a nice car?” Or “I could have sold enough for a house and still have more in my portfolio than I currently have”, or “Man I could have bought so much ETH now if I had sold back then.” + +A lot of regret made me fall out of love with “hodl”. + + 4. The bull market does come to an end. + +Yes yes—institutions, mainstream, celebrities, El Salvador, PayPal, etc. Blah blah blah. + +Remember: the “institutions” make money when the market goes up and they make more money when the market goes down. Governments are corrupt and will pass and nullify laws for their benefit. + +The bull run will absolutely come to an an end—and while no one knows when “THE” bull ends, you can very much know when YOUR bull ends: when you’ve hit your goal. + +Brace yourselves, and God Speed. +I'm a millennial and consider myself pretty tech smart. Today I received an email on my work account and the name in the email was my boss' boss' name (Let's say Jane A Smith). Whenever she emails me her subject line is always "Please do this quickly" and this subject was that. The email basically said she needed me to pick up a gift card for a client, which seemed reasonable because our holiday party is next week. + +I was kind of annoyed because I thought she could do it, but I emailed back asking how much. If it had been a reasonable amount I probably would have done it, but she said "I need five gift cards, $200 each." I then checked the email and realized my Jane's name comes through as Jane A. Smith with a period and when I clicked the actual email it was basically random letters with a dot ru. Had I fallen for it I would probably be too embarrassed to talk about it and even now I feel kind of stupid, but please be careful out there especially around the holidays! I'll be talking to IT about this tomorrow. + +UPDATE: Apparently quite a few people got this same email but luckily no one fell for it. I imagine we’ll have an IT common sense meeting soon. +"Most real estate agents expect housing values to drop by as much as [20 per cent over the next six months](https://www.afr.com/property/residential/unsold-home-numbers-surge-as-buyers-pull-back-20200407-p54ht7) as buyers drop out of the market, prompting fears of a prolonged downturn that could force some agencies to close, according to an industry poll." + +Full story [here](https://www.afr.com/property/residential/real-estate-agents-expect-prices-to-drop-20pc-20200413-p54jcs) or in the comments. +I work for a medical group and we see this quite a bit. The physician will say one thing and then the patient finds out that it isn't covered and health insurance nightmares quickly ensue. + +Your physician is not familiar with your insurance plan and what they may or may not cover. They have a pretty good idea but when it comes down to healthcare and non-price transparent services PLEASE always use caution. You will be the one paying not them. + +There are several ways to go about this. #1, which your physicians office sometimes will do, is get a pre-certification or a pre-authorization. This is basically them calling the insurance and saying we're going to do X and we want to know it's covered. Insurance will give them some sort of documentation and then you can generally expect that service to be covered. + + #2 you can call your insurance company and inquire. Please be advised this is not full proof and they will not hold their people responsible for telling you the wrong thing. Please default to #1 above if in doubt. + +For our Medicare patients; if you ever get an ABN or advanced beneficiary notice they are telling you that whatever you are doing or having done is NOT covered. Please be aware of this. + +I hope this helps as I have been seeing more of these issues. +I was thinking about this the other day and I thought I'll ask you, just interested in your opinions. + +Post what your choice is in the comments, I will read all of them. + +Bitcoin is the daddy of crypto and is the most likely to be around in 5-10 years but ETH and ADA have smaller market caps so more room to grow. + +I would personally choose ETH as it can still 2x or 3x in the next few years whereas BTC may not even 2x. + +Anyway thanks for reading and I wish you all lot's of success in all your investments. +Anyone buy mountain/cabin properties out of state and either build on them or run that as short term rentals? + +I'm from Florida and have always wanted to have a cabin or vacation home in the mountains. It's not feasible right now for me to make that purchase unless it is just an empty lot, a cash flowing property or at the very least covering a good portion of the mortgage, i.e. I can't afford a vacation home. + +Just looking to start a conversation with someone who is thinking of doing the same or has done the same. +I am usually situated in Dublin, Ireland but also open to invest in other EU markets: Netherlands, Germany, etc. I really want to create an investment strategy for myself where I try to invest into multiple residential properties over the next 10-15 yrs. I want to inform myself more about this topic by learning how to eg. request multiple mortgages, what market indicators can I best look at when investing, etc. Can someone help me with how I can best inform myself to start creating this investment strategy. Are there certain resources I can look at, are there people I should network with? How do I get the ball rolling? +Guten Tag to all of you Great Apes across the world! 👋🦍 + +Thank you to everyone who joined us on July 5th to watch the German market while the US markets were closed! It's amazing to read through the comments and experience the positive energy that people bring to this community. Thank you to the mods of r/Superstonk for their endless work in fostering such a vibrant community! + +Since the US market will reopen today, this thread will be back to the usual first two hours before US pre-market. I received some helpful information about where to get live data from a higher volume exchange, so I'm going to be using a different data source for today's Diamantenhände (now with volume!). Today is July 6th, and you know what that means! Join apes around the world to watch low-frequency updates from a single German exchange! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: $205.99 / 173,72 € *(volume: 648)* +- 🟥 115 minutes in: $205.99 / 173,72 € *(volume: 647)* +- 🟩 110 minutes in: $205.99 / 173,72 € *(volume: 641)* +- 🟩 105 minutes in: $205.98 / 173,72 € *(volume: 637)* +- 🟩 100 minutes in: $205.98 / 173,72 € *(volume: 636)* +- 🟩 95 minutes in: $205.97 / 173,70 € *(volume: 622)* +- 🟩 90 minutes in: $205.96 / 173,69 € *(volume: 614)* +- ⬜ 85 minutes in: $205.93 / 173,67 € *(volume: 559)* +- 🟩 80 minutes in: $205.93 / 173,67 € *(volume: 559)* +- 🟥 75 minutes in: $205.90 / 173,65 € *(volume: 538)* +- ⬜ 70 minutes in: $206.25 / 173,94 € *(volume: 360)* +- 🟥 65 minutes in: $206.25 / 173,94 € *(volume: 360)* +- 🟥 60 minutes in: $206.35 / 174,03 € *(volume: 254)* +- 🟩 55 minutes in: $206.46 / 174,12 € *(volume: 202)* +- 🟥 50 minutes in: $206.43 / 174,10 € *(volume: 189)* +- 🟩 45 minutes in: $206.70 / 174,32 € *(volume: 145)* +- 🟩 40 minutes in: $206.70 / 174,32 € *(volume: 144)* +- 🟥 35 minutes in: $206.68 / 174,30 € *(volume: 124)* +- 🟩 30 minutes in: $206.74 / 174,35 € *(volume: 119)* +- ⬜ 25 minutes in: $206.73 / 174,35 € *(volume: 113)* +- 🟩 20 minutes in: $206.73 / 174,35 € *(volume: 113)* +- 🟩 15 minutes in: $206.70 / 174,32 € *(volume: 92)* +- 🟩 10 minutes in: $206.64 / 174,27 € *(volume: 54)* +- 🟩 5 minutes in: $206.62 / 174,25 € *(volume: 51)* +- 🟥 US close price: $202.83 / 171,06 € *($202.83 / 171,06 € after-hours)* + + +*** +FAQ: To generate this data, I'm capturing current price and volume from https://www.tradegate.de/orderbuch.php?isin=US36467W1099 and converting to USD. Today's EUR -> USD conversion ratio is 1.18574732. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Over a week ago, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the originator of the series. I've been serving as guest-host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Stats: + +* Married, both 40, two elementary-age kids, HCOL area +* Had two successful startup exits, will probably do another and have good access to VC funding + +Savings: + +* $1.3MM in various retirement accounts +* $580k paid-off rental property +* $500k equity in current $800k primary residence (two bedroom, 1000 sq ft, we're outgrowing) +* $400k in cash savings +* $1.2MM paid-off lot w/house to teardown + +Income: + +* $2.2MM after-tax coming in in the next 13 months +* After that spouse would make maybe $600k but will be eager to start a new company +* I'm self-employed currently making $100k, building to $300k in 2-3 years + +Expenses: + +* We've gotten horrible at tracking. No big commitments like private school. In some universe we could currently live on $6k/month if we tried, but we very much don't. + +So we bought this lot (with a house we'd tear down) for the above mentioned $1.2MM. It's on a lake, in a good school district, with an excellent commute, near friends and family. Looking at building a house, but the financials have spiraled, and we're lacking in people to have a rational discussion with, so I've come here. We are unlikely to RE as we both like working too much, but FI is a general goal (that we'd nearly be at if not for this ridiculous plan). + +House construction costs are coming in at $1.9MM plus another $400k of architect/structural engineer/landscape/overage, so when all is said and done let's say $3.5MM all-in. It would not actually be that crazy a house - 2800 sq ft plus a finished/walk-out basement [ETA: 700 sq ft of finished basement with family room, guest suite, plus a workshop and storage in the unfinished area]. It would have space for me to meet clients and spouse to start next company in. Property taxes would probably be $30k/year. + +The other housing stock available is either aging or spec-built crap. There are also very few houses on water/with nice quiet backyards. We've been looking for several years and not found something that we want to buy. The house we're planning to build is designed to meet our needs, accommodate grown kids with families, and aging-in-place. We'd plan to stay in it forever. + +But the crux of it is, realistically the housing market here won't support a $3.5MM house. A contractor would put crap on it for $600k and flip it for $2.2MM. Realistically, people wouldn't be able to tell the difference, and what we're building will probably appraise for $2.5MM. So, we're setting $1MM on fire (pun not(?) intended). + +Are we fucking idiots? There's a good chance we'll have another $5-10MM in the decade if the tech market doesn't go sideways, so I feel like there's a good chance we won't miss the money, and would miss the opportunity. If only we knew the future. Meanwhile the kids are getting older and bigger and we need to move somewhere, so staying put isn't an option we want to consider. + +WWYD? (I may come back and edit further for coherence.) +After showing up initially after the distribution (before CS booked the shares though...) the German broker DKB now booked out all additional shares. People‘s portfolios are down 75 per cent. Considering IBKR is also booking shorts seems like share distribution didn’t went so well after all… (this seems to affect both GME and GS2C) + +Edit: it seems like it’s probably an issue with the way they booked these shares, it was initially booked as a simple split, not a dividend. Could be a mistake from the clearing house? So now they have to recall the shares and book them book. However, most have received no notice on that sudden action. +Regardless, this would mean one thing: we do not see the full effect of the splividend yet, a lot of people just got IOUs in their accounts +I've been trying for weeks to create a trading plan, I've been backtesting and it worked really well. But now in the live markets, I was on a losing streak with my plan. Nothing worked out, I never took good trades because maybe one of my criteria wasn't there. So I just started trading without it. + +I'm just using my intuition and risk management. And I've already made more today than my trading plan has made in a week. I just wanted to know if it's possible to continue like that? Because I don't know how profitable this intuition thing will be in the future. But I just feel like having a trading plan doesn't work for me. Maybe I haven't backtested enough/the right way? I'm just very new to trading, started 6 months ago without any experience on how to actually backtest, for how long, how to create a good plan, etc. So I'm just doing it on my own kind of and hoping for the best. +Hi everyone. Long time lurker and first-time poster here. I have seen many conversations about umbrella insurance on this subreddit before, mainly discussing amounts and prices. What you really should be paying attention to when comparing/purchasing an umbrella policy is the policy terms inside the actual contract. I will share a recent personal experience to show you all how vastly different and consequential these terms can be for policies that are all around the same price. + +I have my auto/home/umbrella all bundled with GEICO. I recently reviewed my umbrella policy terms and discovered that it does **NOT** cover me when driving a rental car. See the language in the exclusion section below: + +* Any motor vehicle, or series of motor vehicles: + * (a) regularly rented by an insured on a daily, weekly or monthly basis unless the motor vehicle is shown on the declarations of this Personal Umbrella Policy; or + +Secondly, GEICO umbrella advertises worldwide coverage, but the policy terms say: + +* "This policy applies to personal injury and property damage which take place anywhere in the world during the time this policy is in force, provided that suit is brought in the United States of America, its territories and possessions, or Canada." + +It is worth noting that my underlying GEICO auto insurance does cover a me in a rental car in the US/Canada, but that is 300k in coverage, not 300k + 3 million umbrella on top. I will also say that policy terms vary from state to state so this may be true for GEICO in my state but not yours. Read your own policy if you have GEICO. + +I went to an insurance broker and got quotes for two other reputable insurance companies that were a very similar price to my GEICO umbrella policy. Both of these companies cover rental cars and cover lawsuits filed anywhere in the world. In Europe, where your underlying US auto policy would typically not cover a rental car, both of these umbrella policies would cover a rental car. + +The one would cover only above your underlying primary limit so you would still be on the hook for claims from $1 to $300k before the umbrella policy kicks in. + +The other umbrella company will actually pay starting from the first dollar if your primary insurance doesn't cover you. Meaning if I got into an accident in Europe, my umbrella policy would cover 3 million dollars in liability starting from $1. Remember that your credit card's typical benefit only pays for damage to the vehicle itself (collision), not liability. + +You can find even more differences in things like renting boats, jet skis, ATVs, etc. Some umbrella policies cover it and others don't. The bottom line is most fatFIRE folks plan to travel to many different parts of the world and rent all sorts of forms of transportation. Getting an umbrella policy for a similar price that actually covers you is a no-brainer. + +**TL:DR** I would suggest that everyone go and review the terms of their own umbrella policies, paying particular attention to international and rental coverages. There may be extremely consequential exclusions that surprise you. Personal injury lawsuits can cost millions and ruin your fatFIRE dreams. The actual policy terms are perhaps more important than the overall insured amount. Don't assume you are covered in all situations. +I have a 8 year old daughter and I want to teach her finance. She may inherit a lot (or not!). Right now, + +* all she has is a piggy bank and saves all her money in that. All she does is save. +* she knows the difference between "needs" and "wants". She is a satisfied kid and all she wants are her books (for now!). +* if she ever wants to skip classes, we remind her that it costs money and hence we need to be responsible about attendance +* we never pay her for anything like other families do (for ex: good grades, doing chores etc etc) - its assumed that you don't get paid to contribute to daily life + +I never learnt about finances and am learning about it now, very late in life. I dont want her to not learn how to GROW money. How do I systematically teach her? Do you folks use board games (recommendations), simple videos etc? Anything at all. +I filed for bankruptcy on Friday. I guess [I'm near the start of the wave.](https://www.bnnbloomberg.ca/debt-professionals-brace-for-wave-of-insolvencies-as-virus-outbreak-hits-1.1408487) + +I made a lot of stupid mistakes with my finances. I never learned how to budget, it wasn't something my family did. + +I went from earning $30k/year to $62.5k/year (plus bonuses) in 7 years. What's a guy who makes over $60k a year doing subscribed to r/povertyfinance ? + +During the same time period my credit card limits increased a lot (Edit: Limits totaled up to over $35,000). My line of credit went from $5000, to $10,000 to $20,000 to $30,000. I spent money faster than it was coming in, and I didn't care because the next pay, or the tax return, or some imaginary future money was going to take care of the problem for me. My increased income kept pace with my increased debts and the monthly interest payments. In reality I had very little money, and always felt financially squeezed. + +I bought people Christmas gifts without concern about budget. Why try to come up with a special thoughtful reasonably priced gift when you can just spend more money? [I guess I went with the Michael Scott philosophy.](https://youtu.be/Z_EJY-qHjpM) + +I ordered from Skip The Dishes and Doordash constantly. I never tried to save money on groceries. I bought whatever new electronics I wanted. I got a bad deal on a car loan because my credit score was crap (utilization ratio was too high). + +I made some pretty weak attempts at paying off my debts. Shifted things around to a 0% introductory offer on a credit card. Tried the debt payment snowball method. Tried to get a debt consolidation loan from my largest creditor. Put half my tax refund dollars into lump sum debt payments. + +But I was an idiot and spent it all again anyway. + +And a couple years ago my income dropped by about $10,000 a year. And the bonuses stopped. + +All of a sudden on average I was making $833 less per month in salary, and I lost about $3000 per quarter in after tax bonuses. + +That's a lot of money when you're paying over $1000 a month in just debt service. + +My temporary layoff from work wasn't the straw that broke the camel's back. It was more like adding a lot of fuel to something that's already burning out of control. + +I figured bankruptcy was coming for a while. And Corona just sped up the process. + +I know I'm going to catch a lot of downvotes and hate for this. I know a lot of people will shame me for not taking responsibility for repaying my debts. + +But it was starting to have an effect on my health. I wasn't sleeping because I was worried about money. I filled up my voicemail on purpose so I couldn't get any more voicemails from debt collectors. + +I screwed up. + +Now that the paperwork is filed I honestly feel a lot better. I get a second chance. + +And the more I read about it why is it possible for the executives of Sears, and Toys R Us, and Remington and, Bear Stearns to make millions while their companies go bankrupt? Why do rich business owners treat bankruptcy like a tool, where they'll go bankrupt multiple times before hitting a good idea. Trump filed for corporate insolvency 4 times, and was still considered to be successful (I'm not here to argue about US politics, I'm Canadian and I don't care). + +[This video](https://youtu.be/Z-bGWIumK4o) came up in my YouTube suggested videos. I guess my google searches for bankruptcy and financial advice bled into the YouTube algorithm. This also made me feel better about my choice. + +So in the space of a day I went from feeling low, and feeling uncertain and nervous and scared to feeling refreshed. I feel like I'm looking at a new blank piece of paper. + +I won't make the same mistakes again. I'm using YNAB to track everything. No more credit cards. No more loans. Cash, or I can't have it. So - any tips from the redditors of r/povertyfinance on living within your means? + +If you got this far, thanks for letting me vent. + + +Edit: I was writing a response to a downvoted comment that now appears to be deleted, so I'll put my response here: + + +"I get your anger. I was of the same opinion for a long time, which is why I didn't like myself for a long time. I was outwardly successful, an organized leader, someone people came to for advice, someone people wanted to work with. + +But on the inside I was a guy who had been making poor financial and life decisions for a long time. On the inside I wasn't the same person I appeared to be on the outside. + +I don't feel good about making bad choices. But I am appreciative that there is a legal way out of it. + +Have you ever dried to dig a hole in dry sand? After every shovelful taken out more sand slides into the hole you left behind. Pick up extra shifts? Car needs $1200 in repairs. Have a good month and make a little extra money? Need new shoes for work because the last pair have holes in them now. + +Yes - completely my fault. I should have known better. But I didn't. + +I know better now, and will never be in the same situation again." + +Shopify was one of Canada's darling stocks during the pandemic and rocketed up. Over the past few months, it's come down just as quick as it went up. + +I'm curious what everyone's thoughts are on its current valuation. + +Make the case for why you feel it's fair value at current price, or undervalued or overvalued. + +Just trying to get different perspectives on it before I make some decisions. +I sold my car privately recently. The car is 12 years old and just over 210,000 miles. The car was running fine while I owned it and I had no knowledge of any mechanical issues. Now, a week later, the buyer called me and she told me the transmission failed. I feel pretty conflicted on what to do. The buyer got a pretty good deal on the car and I would have been happy to let the buyer get the car inspected prior to purchase but she didn't. + +&#x200B; + +Now I am stuck feeling guilty and worried the buyer thinks I lied to her or tried to hide the issue - which I didn't. + +&#x200B; + +Rational me: They bought it as-is and elected not to inspect it. + +Emotional me: Offer a decent amount of the purchase price back. +For the past 4 years I have been saving and working to try to buy a house. Based on the cost for a house in my price range (that would keep my rent about what it is now), I have enough saved for a 5% down payment, 3.5% for closing costs and an extra 20,000 in case of emergency housing expenses. I also have a smaller separate emergency fund with around 5k in it. + +I really want to buy a house, and I feel financially ready to buy. But my husband is having some severe health problems that have kept us from even looking at any homes in the past six months. Having all that money just sitting in my savings account has been making me nervous. So when I saw that ibonds had an interest rate of over 7%, I decided to just go for it and purchased the limit. I do not usually do things this impulsively, and I hope it was the right choice. +So, I'm fortunate enough to have gotten a scholarship through my high grades, still living with my parents(no rent) and plan to do so until I have the right budget to move out. Next year I'll be graduating in computer science. The average junior developer job(if i land one) in my country is around $700(converted). And the cost of living is pretty low, but this is offset by the low wages. I have about $2000 in my savings account. + +Now, I'm starting to feel the pressure of purchasing stuff with my own money, saving as much as I can and yeah pretty much those kinds of things. If you were me, and lets say by 25 would want to have decent money on your savings account and overall financial stability, what would your budgeting strategy be? + +Sorry if I'm breaking any rules. Thanks! +I’ve got a friend who texted me this morning asking if I could do her a favor. + +She wanted to withdraw $50k from her IRA but can’t use it to invest. She can, however, “loan” it to someone so she asked if she could “loan” it to me, we’d sign a promissory note, then I’d deposit the check into my account, and then turn around and write her a check for $50k so she can invest it in something else. + +I already told her no cuz it sounds shady af but I’m curious of the legalities behind this. 1) is this just a loophole or illegal; 2) if I deposited $50k into my account, doesn’t anything over $10k get flagged by the IRS; and 3) is this low key money laundering?? + +I asked her what I’d get out of it and she said “absolutely nothing. You’re doing me a favor.” Umm. Ok. Then, no thanks.” +# Hello from Italy to all active apes, + +>!( if you think this post is important make sure that all monkeys know)🚀!< + +&#x200B; + +***I’m beginning to say I was surprised how little we know about this very important connection.***😳 + +&#x200B; + +Looking for Lupparello on r/Superstonk have come out very few posts, those with more content are very very very old. We need to eat a lot of bananas and get busy.🍌 + +[https:\/\/www.reddit.com\/r\/Superstonk\/search\/?q=Stephen&#37;20Luparello&source=recent&restrict\_sr=1 ](https://preview.redd.it/4hxb6y1lnw191.png?width=2160&format=png&auto=webp&s=3adf4ef51420c47cbbd042ec4ceb7d4b97c95fe4) + +&#x200B; + +>*If you notice the sidebar on the right, it gives you an idea of the length of the page.* + +***There is very little content on this Lupparello.*** I thank in advance those monkeys who made them, namely u/WhatDidIDoNow \+ u/LonwayArti \+ u/hunnybadger101 \+ u/New-Consideration420 \+ tu/soldatoscar. + +&#x200B; + +>!Then let’s see who this friend of MAYO is. !< + +# A Wolf or a Lupparello? + +[https:\/\/www.theocc.com\/Company-Information\/Board-of-Directors\/Stephen-Luparello ](https://preview.redd.it/m22bm9k4nw191.png?width=2160&format=png&auto=webp&s=adb7f157c5980527c8425f454a5738b49270f2e6) + +***Stephen Luparello is General Counsel of Citadel Securities***, responsible for global legal, compliance and regulatory functions, but above all also a ***member of the Board of Directors of OCC*** and is part of the Audit Committee and the Remuneration and Performance Committee. + +# This is SCANDALOUS!!! PUBLIC + PRIVATE =💩 + +[https:\/\/www.sec.gov\/biography\/stephen-luparello + https:\/\/www.sec.gov\/news\/speeches-statements?speaker=73931&field\_person\_target\_id=Stephen&#37;20Luparello&#37;20 ](https://preview.redd.it/pw9z2o60nw191.png?width=4316&format=png&auto=webp&s=ce4e6d3e1ff46a2351ad353bf115c2aaf81d2a8d) + +Stephen Luparello was appointed Director of the Trading and Markets Division of the Securities and Exchange Commission in February 2014 until January 2017, where he resigned. + +***This interesting wolf*** previously has been partner of the law firm WilmerHale, specializing in compliance and regulation of broker-dealers, litigation on securities and application. He joined WilmerHale after 16 years with the Financial Industry Regulatory Authority (FINRA) and its predecessor, the National Association of Securities Dealers (NASD), where he was FINRA’s Vice President for the last time. Prior to the NASD, Luparello was the chief of staff of then-president of the Commodity Futures Trading Commission Mary Schapiro. Previously, he spent nine years at the SEC as an adviser to then Commissioner Schapiro, and as Head of Branch and Staff Prosecutor in the Division of Market Regulation, now the Division of Trade and Markets. + +Mr. Luparello holds a degree from Lemonyne College and a law degree from Washington and Lee University. + +[https:\/\/www.marketsmedia.com\/trading-up-blackrock-snags-citi-alum\/ ](https://preview.redd.it/2s3fthhzjw191.png?width=2160&format=png&auto=webp&s=91ee3958110dfa21988e02dbc50e3879be2e954d) + +***OCC announced that Kurt Eckert,*** Partner and Head of Market Structure at ***Wolverine Trading,*** Rachelle Keller, Chief Operating Officer for Prime, Futures and Securities Services at Citi, and ***Stephen Luparello, Managing Director and General Counsel for Citadel Securities, have joined the Board of Directors as Member Directors.*** + +# Here the shits begin to be heard. OCC + SHITADEL + WOLVERINE = SHITTY CONFLICTS OF INTEREST 💩 + +&#x200B; + +Checking on the board of the OCC there are other shits related to hedge funds, but they are the ones who would be considered more smelly, involved with the big craps in a public entity.🤮 + +&#x200B; + +>>!But let’s be clear about the OCC, which is the largest equity derivatives clearing organization in the world. !< + +&#x200B; + +***The OCC operates under the jurisdiction of the Securities and Exchange Commission (SEC)*** of the United States and the Commodities Futures Trading Commission (CFTC). Under its SEC jurisdiction, the OCC authorizes transactions for put and call options, stock indices, foreign currencies, interest rate compounds and single-share futures. + +[https:\/\/www.theocc.com\/getmedia\/01c3b5f8-da1f-4bf6-ba40-2ed735fb7dd4\/OCC-ToolKit-OCC-AAG-ProductsMarkets-030122.pdf; ](https://preview.redd.it/g8bmd5vqjw191.png?width=2160&format=png&auto=webp&s=ec0580a25899048e5c0b68e95392b291714207a1) + +&#x200B; + +[The OCC was jointly owned by the so-called legacy exchanges:](https://www.marketswiki.com/wiki/OCC) NYSE ARCA, NYSE MKT, Nasdaq and CBOE Global Markets of Intercontinental Exchange. With the acquisition of ISE by Nasdaq, Nasdaq’s stake in OCC grew from 20% to 40%. + +[https:\/\/www.investopedia.com\/terms\/o\/occ.asp ](https://preview.redd.it/h8i00yaipw191.png?width=2160&format=png&auto=webp&s=255ee4537836bfe77873b3e7fa2b44b27494f6ec) + +# When you feel you step on a shit, you recognize that you have beaten it because it has already happened to you.💩 + +# Already in the past they have had problems with CONFLICTS OF INTEREST, it is happening again but what is happening and will happen will make history.🚨🤢 + +&#x200B; + +***Crime will be exposed, but we in Superstonk already know... we are smooth-headed or wrinkled apes, but together we are unstoppable.*** + +&#x200B; + +*Remaining on the piece, what are other important points by entities?* + +[All this stinks of shit](https://preview.redd.it/spn96hqmpw191.png?width=2160&format=png&auto=webp&s=4ca69b0a796fed6c244718333577e0b807a68646) + +&#x200B; + +***I couldn’t find any particular connection with SHITADEL and the other craps.*** + +[https:\/\/www.marketswiki.com\/wiki\/OCC](https://preview.redd.it/nfhg07risw191.png?width=2160&format=png&auto=webp&s=dc69c4a834011d6be11ef36a12749357952744c2) + +&#x200B; + +[In direct members](https://www.google.com/search?q=Options+Clearing+Corporation+%28OCC%29+who+is+member&gl=us&hl=en&pws=0&sxsrf=ALiCzsalYNyhKBcOr5HQWLYwfS49n42ICw%3A1653603764736&ei=tP2PYoG5LP6Fxc8Pu_OAyAE&ved=0ahUKEwiB4_uHmv73AhX-QvEDHbs5ABkQ4dUDCA4&uact=5&oq=Options+Clearing+Corporation+%28OCC%29+who+is+member&gs_lcp=Cgdnd3Mtd2l6EAMyBQghEKABOgcIABBHELADOggIIRAeEBYQHToECCEQFToHCCEQChCgAUoECEEYAEoECEYYAFDdCVjzMGCoMmgCcAF4AIABiAGIAe0JkgEEMTEuM5gBAKABAcgBCMABAQ&sclient=gws-wiz) come out large hedge funds very smelly, but especially those that interest us apes. + +[https:\/\/www.theocc.com\/Company-Information\/Member-Directory ](https://preview.redd.it/rbh5ipfhtw191.png?width=4312&format=png&auto=webp&s=59fff23e0f0bcf8a72d07c037640775bfb9aad7b) + +***Pay attention to what I have done, the OCC’s direct membership*** list is updated to March 2022. + +The list contains 879 members, of whom 105 are the most important. + +&#x200B; + +In the list of members I found these cunts here that interest to us apes = + +&#x200B; + +* 111 Apex Clearing Corporation +* 158 Apex Clearing Corporation +* 365 Wolverine Execution Services, LLC +* 395 Citadel Clearing LLC +* 431 Citadel Securities LLC +* 513 Apex Clearing Corporation + + +There are 3 APEX and 2 SHITADEL, ***this is very strange***. *In a next post I will continue the investigation.* + +&#x200B; + +Meanwhile we reconnected to APEX, in [my previous](https://www.reddit.com/r/Superstonk/comments/uxw70m/deep_links_between_shitadel_apex_fintech/) post I had done a great DD that can make me understand the links before SHITADEL, deserves to be read. + +# In this DD I brought out a lot of shitly, these links are very powerful. + +&#x200B; + +>>!Only through us can they change things.!< + +&#x200B; + +# REMEMBER THE MOST IMPORTANT THING, BUY- HOLD - DRS 🟣🍌💜 + +# TO THE MOON from ITALY!!!🚀🦍👨🏻‍🚀 +So I started trading forex about a month ago using a signals provider despite all the 80% of people lose money I thought I was different. I had a great start, my $600 account was up to 1200, I of course had no risk management or anything of that sort and so within a few days I was down to 100 after thinking I could trade on my own. When my signals provider gave a signal to sell gold some time a few weeks ago I went all in and closed the trades with around $1000. I then proceeded to buy gold a cut that profit down to around a balance of $500. It was around this time I realised I should probably learn about what I’m doing before I lose the rest of my account. Fast forward to last week my account was at $0 due to my own bad trades but also a severe downswing on the signal providers side, who in my head could do no wrong after the initial profits. Then after a lot of research I set up an EA which over time seemed to have good profit and I completed with backtests for 2 months with great results. Confident I knew everything I put another $1000 in( as a student this is a lot to me) and let it off. I was trading the 4 pairs GBPUSD EURUSD AUDUSD and NZDUSD and the bot was on sell only mode. I activated it yesterday morning and closed the day with around $5 profit and $40 dd which all seemed swell to me. Fast forward to 40 minutes ago I woke up and I was down $700, after closing the trades for some unknown sleepy reason I decided to buy XAUUSD costing me another $160 despite being up on it at one point it came down and hit my stop loss. To make a long story short I’ve lost all but $140 of a $1600 investment because I think I know it all don’t use risk management or listen to the experts. I got what was coming to me, forex is not a get rich quick scheme and I know that now , pitty it’s a month and $1450 later when I could have just listened to every sensible person on the Internet +Blown 60% of my account on one GBPJPY trade. Put a large short on 3 days ago and then the news came in about a possible deal and boom! GBP shot up! Within a day I've lost 60% of the account. + +All because I didn't have a stop loss in place. Or, forget to place a stop loss, something I always do to prevent catastrophic loss. + +I'm gutted. Granted, it was only a micro account but it still hurts. I'm angry with myself for forgetting to put the stop loss on. + +Ah well, back to the drawing board again. + +Morale of the story is: always use protection folks :) +This isn't one of those "I just quit my job to travel the world and enjoy life" posts. + +Rather, it's a story about options- and how being confident and financially secure takes the stress out of what might be one of life's otherwise most stressful situations, and opens other doors. + +Last year, I got the highest paying job so far of my career. Unfortunately, things hadn't been working out. I was enjoying the work a lot less than the type of projects I had worked on in the past. My workload was too light - and multiple talks to my bosses (I've had four in one year) never addressed anything... because each boss was only around a few months, tops. Meanwhile, there was a lot of other churn in my department. Aside from the bosses cycling, nine other employees around me were suddenly fired and replaced. + +It was a weird time, and a weird place. I kept my head down, tried to stay content, and kept putting away the paychecks. I resolved to stay at least a full year, for various financial incentives. + +A week ago from last Tuesday was my 1 year anniversary there. That Friday, I realized it wouldn't keep working. I had a talk with my current boss to tell him about some of my discontent, and see if we could address those problems. He told me that he could tell I was burnt out- and that if I wanted to stay there, I needed to be "drinking the company kool-aid 100%". It's a fast-paced environment and he needs employees to be fully on board. He asked me to promise I could do that. + +It was clear that having expressed any discontent was a Bad Thing, and if I didn't want to be in the next round of sudden layoffs, I had to radically alter to fit the company. + +I thought about it for a few moments, and then told him "I don't think that's going to happen. I'm not going to fit in with the culture here." + +He obviously wasn't expecting that response, and asked me what I was planning to do. I offered to work another four weeks, to see out the current project I was working on, and said that I'd give official notice with two weeks remaining. +He got back to me last Wednesday with a pre-approved deal from HR: I'd give three weeks' notice that day, exit in early April, with health insurance for the whole month, and they'd give me an extra week of severance pay. + +Last week was productive. I'm already starting the interview process with two companies I would love to work for. + +Thinking about how this went, compared to prior tail-end experiences with employers... it's incredible how easy a decision this was, and how easy the exit from the company is shaping up to be. + +Ultimately, I can attribute it to the way I've changed my life in the last few years. I've become more frugal, with low fixed costs. I'm not attached to my living situation (I was on a month to month lease), have few physical things tying me down, and I've saved a quarter-million in the bank (well, Vanguard, but you know what I mean). + +I still need a job. I'm not anywhere close to FI yet. +But I can afford to make sure I have a job I enjoy, rather than one I hate, and I'm parting with this company on better terms than I had expected possible. + +So, thank you/r/FI, for helping me to realize that this kind of self improvement was possible in the first place. +I'm so excited I can't even think straight. For as long as I can remember, I've been stressing about money. It's ironic how I saved the most money living on my own than I ever had with my parents. +StepChange recognise that many people find it difficult to talk about debt, that’s why they provide free, non-judgmental, and confidential debt advice to hundreds of thousands of people every year. Their advice and solutions are based on a comprehensive assessment of your situation. They also provide practical help and support for however long it’s needed. + +**Unsure whether or not you need debt advice?** + +StepChange wants you to know that they have an extensive website, with lots of information on our services and solutions. You can put a budget together at your pace, and you can also talk it over with an advisor through online chat. + +Whatever your financial solution, by answering a few simple questions, StepChange can provide support on guidance to help you understand what to do next: + +[www.stepchange.org/start](https://www.stepchange.org/start) + +If you need free and confidential debt advice that’s specific to your situation, please use the online debt advice service listed above, or contact StepChange by telephone. For more details, please take a look on the [Contact Us](https://www.stepchange.org/contact-us.aspx) page. + +**Get any of your debt questions answered here.** + +From 1pm on Wednesday 3rd November until 4pm on Friday 5th of November, trained advisors from StepChange Debt Charity are here and waiting to answer any of the questions surrounding debt that you may have. They’re a friendly bunch so please don’t be shy! + +Important: The advice provided to an individual poster is based only on the information provided by that poster. Advice on this thread is also particular to the individual who has asked for it and is likely to be specific to that person’s situation. *A poster may have provided further relevant information by private message which will not appear on this thread.* + +*Important: FCA regulations mean that StepChange is unable to give full debt advice or recommend any debt solutions through this AMA. If they feel you’d help from getting a full debt advice session, they’ll mention that in the reply.* +**The current shock originated in the consumer sector, which accounts for 70% of GDP** + +There is a widespread view on Wall Street that the stock market hit its lowest level of the bear market last month, and that a combination of an ebbing of the coronavirus in late spring and unprecedented fiscal and monetary stimulus will set the stage for a sharp rebound in corporate profits later this year. + +On Monday, the Dow Jones Industrial Average [DJIA, 7.730%](https://www.marketwatch.com/investing/index/DJIA?mod=MW_story_quote), the S&P 500 index [SPX, 7.033%](https://www.marketwatch.com/investing/index/SPX?mod=MW_story_quote) and the Nasdaq Composite Index [COMP, 7.326%](https://www.marketwatch.com/investing/index/COMP?mod=MW_story_quote) [were each rallying](https://www.marketwatch.com/story/dow-futures-rise-as-trump-administration-signals-that-coronavirus-outbreak-may-be-stabilizing-2020-04-05?mod=article_inline) more than 4% on these hopes. + +However, Mislav Matejka, head of global equity strategy at J.P. Morgana warned investors in a Monday research note that there is a significant chance the global economy experiences **“a vicious spiral, which is typical of recessions, between weak final demand, weaker labor markets, falling profits, weak credits markets and low oil prices.”** + +What’s particularly troubling to Matejka is that the current recession has been triggered by a shock to the consumer — which makes up 70% of GDP in Western economies — as workers around the globe are prevented from earning a living by the closures of nonessential business. This dynamic has led J.P. Morgan economists to predict “only a gradual bottoming out in activity, such as seen after the Great Financial Crisis, and not a V-shaped one that we see, for example, after natural disasters.” A so-called V-shaped economic recession is typically defined as one characterized by a sharp, but brief, slowdown in business activity that is followed by a powerful rebound. + +The bank’s house view is that the unemployment rate will remain elevated at 8.5% during the second of the year, while the peak-to-trough decline in real U.S. GDP will be 10%, versus the 4% decline during the financial crisis. “And this is all assuming that the virus is history by June, which might prove significantly optimistic,” Matejka wrote. + +Therefore, he advised clients to ignore technical signals indicating stocks are oversold, or to be reassured by the massive fiscal and monetary support provided by global governments. To do so would be “missing the **elephant in the room, that is the first consumer and labor market downcycle in 11 years.”** + +“While consensus view still appears to be a quick recovery, recessions tend to linger,” Matejka added. **“It took equities on average 18 months to record the final low in the past.”** + +More... + +[https://www.marketwatch.com/story/investors-should-prepare-for-a-coronavirus-induced-vicious-spiral-more-than-twice-as-bad-as-the-financial-crisis-says-jp-morgan-2020-04-06](https://www.marketwatch.com/story/investors-should-prepare-for-a-coronavirus-induced-vicious-spiral-more-than-twice-as-bad-as-the-financial-crisis-says-jp-morgan-2020-04-06) + l am salaried on 24 K and my tax code is 1257L + +My first payslip came to £1521 with the rest of the deductions being NI £156, Income tax £162 and Pension £142 as well as PG for £15. + +Looking at the deductions is it worth removing the pension? as the cost of living is increasing now and I'll eventually struggle. With the money going in is enough to sustain me for the time being. I'm looking into moving into a bigger flat soon ass I currently pay £450 for a studio flat. + +I appreciate the advice +Nephew received $2K from family and friends between his baptism and first birthday party. All money has been deposited to a bank with his name and his moms name for safe keeping. What are the next steps to help this grow? Anticipating he would need access to this money between the ages of 16-18 for a car and educational expenses. +This is not the way. Buy, hold, profit. I recall a post a while back stating a call to do something urgently is likely FUD. + +Best case, SEC does something and pushes some rules or actually holds the Sunshine meeting. + +Worst case, they suspend the last 10 trading days in the middle of the squeeze. Do a huge investigation that takes months, buying time for all the crooks involved and likely placing the blame back on Retail. + +BUY. HOLD. SHUT THE HELL UP! + +EDIT: u/oldlurkerNEWaccount pointing to Rensole's 4/12 update. Says the same thing! https://www.reddit.com/r/GME/comments/mpaceq/synopsis_for_04122021_what_we_need_to_know_before/ + +EDIT 2: Dr. T stated the most effective way is to go to NASAA.ORG and file a complaint with your state’s securities commission. What do you guys think the SEC will do if called to action? They will not initiate the squeeze, they have the power to revert the trades in a 10 day window. Save the grass wood (grassroots?) movement for after the squeeze when the market is in shambles and more people want real change. Too many non apes are comfortable with the status quo. Let the hedge funds fuck it up. + +EDIT 3 Last edit: I am not a US ape and I have already drafted a letter to my ambassador of US relations. The SEC can also choose to liquidate all falsified stock and reimburse the holder for "fair price" I can guarantee you it will not be fair. They will likely not REVERT the last 10 days of trading or LIQUIDATE counterfeit stock as the outrage at home and internationally would be horrifying. But they can, they have shown whom they really protect and I don't want to prompt them into action. Let them pick up the pieces. I want my tendies, I want to stay invested in this company long term, I LIKE THE STOCK. +I've been thinking of dental school pushing the age of 40, leaving a career making 120k. People have been telling me the ROI is crazy negative assuming 300k in dental student loan debt, but my numbers show it's all wrong. + +People are calculating dentist salaries using google as "150k", but the dentists I've shadowed make somewhere between 280k-450k as owners, and 600k-800k as specialists. I believe the difference is caused by using tax information, where the owners are giving themselves the lowest possible salary of 150k as allowed by the federal government. + + Assuming I made \~300k as a GP owner, and it took me 5 years to get there at 150k associate dentist salary, wouldn't I come out far ahead working this job from 40 to 65? +The full algorithm code that is ready to run is here: https://github.com/alpacahq/example-hftish + +Bit of explanation and background are here: +https://medium.com/automation-generation/hft-like-trading-algorithm-in-300-lines-of-code-you-can-run-now-983bede4f13a +So i was wondering how hedgefunds or other market makers use order flow data to give them an edge in the market. + +The hedgefunds are paying millions of dollars for this information, it must be incredibly profitable. Anybody have any idea how one might use it? +From https://bittrex.com/Home/Terms (see bolded): + +> 2.1 Eligibility. Bittrex may not make all of the Services available in all markets and jurisdictions, and may restrict or prohibit use of all or a portion of the Services from certain states, territories, or jurisdictions (“Restricted Locations”). **At this time, Restricted Locations include, but are not limited to, several U.S. states: AK, AR, CA, CT, FL, HI, ID, IA, KS, KT, LA, MD, MI, MS, NC, ND, NE, NH, NV, OH, OK, PA, SD, TX, VT, VA, WA, WY, and PR.** The Services are intended solely for users who are 18 or older. **You represent and warrant that you:** (a) are of legal age to form a binding contract (at least 18 years old in the U.S.); (b) have not previously been suspended or removed from using our Services; (c) have full power and authority to enter into this agreement and in doing so will not violate any other agreement to which you are a party; **(d) are not located in, under the control of, or a national or resident of (i) any Restricted Locations**, or (ii) any country to which the United States has embargoed goods or services; (e) are not identified as a “Specially Designated National” by the Office of Foreign Assets Control; (f) are not placed on the U.S. Commerce Department’s Denied Persons List; and (g) will not use our Services if any applicable laws in your country prohibit you from doing so in accordance with these Terms. + +According to this, residents of the 3 largest states (CA/TX/FL), and indeed 60% of the entire U.S. population across all listed states, are ineligible and in violation of the Terms of Service by signing up, per clause 2.1.(d)(i) above. + +It seems hard to believe that such a wide swath of people are prohibited from using Bittrex. It doesn't seem to come up in discussions about Bittrex in the searches I've done, and in fact I've heard of people even getting verified accounts from restricted states. + +What gives? Does Bittrex not enforce their own terms? Are people from these states getting in despite the terms, or am I just missing the discussions/complaints from large numbers of people being denied? If people are getting in, could Bittrex sometime down the road claim user agreement fraud as an excuse to confiscate balances? +This may get long but it's necessary reading. If not, you are very likely to regret it. + +Over the next 2 months there are multiple events which individually are bullish, but as a whole are pretty much guaranteed to cause a monumental pump for Radix. I'll break these down, but first, in case you've never heard of it, a very quick overview of Radix: + +Radix is the first and only DLT to [solve the trilemma without breaking *atomic composability*.](https://www.radixdlt.com/post/cerberus-infographic-series-chapter-i) AC's important, google it for an explanation. They are also developing a [Dapp platform](https://www.radixdlt.com/post/scrypto-an-asset-oriented-smart-contract-language) that is stupidly easy for devs to use, and [far less prone to hacks than Solidity](https://www.reddit.com/r/CryptoCurrency/comments/q1uo2s/the_problem_with_smart_contracts_today_and_what). Radix has been very carefully designed to tick all the boxes necessary for DeFi to take over TradFi. Everything has been considered. + +Now, why will it moon over the next 2 months? + + +***API Update & Exchange Listings*** + +Radix went live on mainnet around 3 months ago. At that time, the team put in a whole bunch of effort working with bitfinex to get it listed there. This required some "fudging" to get the exchange to work with the API. To get listed on more exchanges would require more fudging, and every fudge would require exponentially more work for all future updates. + +Instead of pushing for more immediate listings, the team thought long term and decided the best option would be to refactor the API to fit ever exchanges requirements. Reading between the lines from a message on the developer chat a couple of months back, this is due to be completed in November. + +Once this is done, exchanges can integrate with Radix far more easily, meaning, once the API is announced, we are likely to see a slew of exchange listings. + +Further hints at exchange listings come from the Ethereum wrapped version of the token, EXRD, getting listed on Coinbase custody, and one of the Radix team being spotted chatting to Binance execs at a conference in Lisbon. + +Finally, a big barrier to exchange listing is trading volume. Supposedly, $6m daily is what's needed for binance. Radix has been creeping up in volume for months now, and the recent pump in price has put daily volume at over $40m for a week now. + + +***Correct Market Cap Listing*** + +Right now Radix is sitting on a respectable $4bn market cap. That puts the network around 50th in terms of market cap. But, if you go on coinmarketcap or coingecko today you will see Radix languishing in spot #300 or so, alongside a bunch of shitcoins. API refactoring and exchange listings will catapult XRD into the top 50, which will get people talking, and get people to notice the project. Radix's main problem has been visibility, and soon everybody will be watching. + + +***Smart Contract Alpha Release*** + +Right now the Radix network functionality is pretty simple. You can transact (with sub second finality), stake, create coins, send those created coins. In 1 week the developer preview of the new smart contracts will happen, where devs can get their hands dirty actually using the new language designed specifically to meet all the needs of defi. The Alpha release, where devs can start building prototype dapps will come shortly after. This is the moment where smart money will really be able to assess the value proposition of Radix. Right now, there are a few devs who've seen previews, and they are fucking excited. + + +***The Global Takeover Marketing Event*** + +Finally, there is a community marketing fund. They've just poured a whole bunch of money into real marketing, banners on the ground in financial centers around the world. I'm speculating on details, but they tweeted this will reach 100m people. So, expect to see the Radix logo all over the likes of London, New York, Frankfurt, Singapore, etc. + + +***Tl;dr*** + +Radix has fundamentals like no other. The only problem it has had so far is visibility. Most people in crypto aren't really aware of it's existence, let alone in TradFi. The next 2 months will firmly put the project on the map for a whole bunch of reasons. The cat is being let out the bag. There is a perfect storm of bullish material that, based on historic market trends, will line up beautifully with alt season. There is generational wealth to be made here. This is Ethereum at $2. +At the age of 38 I just found out about Roth IRA here on Reddit financial subs. I have no idea where to begin. I do not know anything at all about stocks but I keep seeing people saying “open a Roth IRA now!!” when posters ask about retirement. I also see people say this quite often too... “Do not invest in what you do not know!!” + +As I stated above, I’m 38. Sad to say I just started getting serious about my finances in the last two years. I do not have any debt at all including a mortgage. Only have utilities/water, internet, and term insurance policy (for my wife). My income is $28K yearly. I do get dental and health insurance with my employer but no retirement. + +I want to invest in a Three to Four fund portfolio with Fidelity (FZROX, FXAIX, FZILX, FNILX)because of the minimum to invest is $0 as where Vanguard is $3K. A target date fund with Vanguard has my interest as well. + +I want to put money monthly as I do now with my regular savings account (.005 rate). I want to hold this money 30 years plus. I am not interested at all In trading, crypto, or investing my money into single stocks. I am looking at index funds and the s&p 500. I’m seeking your advice and I thank you all in advance. +Is this possible and would it positively affect my credit? + +Like paying off my student loans until I just have $5 left owed and just sitting on it until it's actually due in 30 years. +After all this time and so much unknown. So much brilliant work by the DD writers. So much exposing of corruption. So much of them trying to predict and counter GME's moves by following the sub. (Like shorting on Bastille Day LMAO.) Or trying to get ahead of the marketplace launch. Met with nothing but silence. Looks like it all paid off. + +For the first time, it feels like they're the ones vulnerable to our side. They're so close to the line. With the way the rest of the market is, their moves are restricted. Meanwhile, GME hasn't fired a single shot. Just gotten everything lined up. You know what they say? When you come for the king, you best not miss. + +Next week the line will be less than $145/$150. We're even lined up with the VW squeeze. ([https://www.reddit.com/r/Superstonk/comments/vjw4ux/this\_is\_it\_everyone\_you\_are\_here\_today\_is\_the/](https://www.reddit.com/r/Superstonk/comments/vjw4ux/this_is_it_everyone_you_are_here_today_is_the/)) + +Personally it feels like 0D30 is as close as it's ever been. It's been an absolute pleasure and I look forward to the show. 🫡 +Why is the market tanking in recent weeks? + +First, what it isn't: Treasury yields. Don't listen to the news. This just means that no one wants to buy bonds so the price of bonds is going down to attract new investors. This happens in a healthy economy. Can't believe the fake news is really pushing this. + +What I would see if this was anything other than a correction: + +Consumer cyclical and natural resource holdings would increase with major investment firms. Positions in small cap stocks would decrease. Real estate holdings would increase. + +How I know these things aren't happening: + +It's best to track these activities through major firms and ETFs. I track SPY's holdings daily. They have teams of analysts and resources I just don't have. They're the first to know. I do not watch the news for financial information. + +So what is it? + +I see firms reorganizing portfolio's for a post-C19 market. IE, aerospace and defense stocks are going up - Raytheon is up 12%/Boeing up 16% in the same time the Nasdaq was down 9%. Travel stocks like JetBlue are also doing well in that time frame. + +When will it stop? + +Who knows, but it couldn't have been expected and it's too late to sell high and buy low now. I'm waiting it out. I have been increasing positions with remaining cash but I'm out going forward. + +Will tech rebound? + +Yes. New tech is where the money is. I see strong cross-sector growth continuing through Q3 this year. Q1 industrial is very strong so far. Many of these up and coming tech companies are going to be pushing into their manufacturing phases. +Aloha everyone - I'm seriously considering buying a lake house. I have a beach property - but, it's FAAAAR away - so, been thinking of getting closer. I've thought about another beach property (Atlantic Ocean) - but, with so many floods, storms, etc. Not sure if that is wise. So, been looking at large lakes around me. + +There are a decent number within 1.5 hour driving distance. I want to be able to go for long weekends or just go for a week and WFH. I don't own a boat - and have no idea how to operate one. The idea of a nice 20-24' pontoon though is appealing - just to go out, maybe fish a bit, and just be on the water. I'd primarily be interested in SUP and kayaking around. Most of the places are still on septic, above ground oil tanks, and well water. I am looking for one that has been thoroughly modernized -- radiant floors, 200 amp electrical, etc. + +What are some of the things in hindsight you would look out for? How do you monitor or keep tabs on your place (just cameras)? Did you end up going as much as you thought? Did you overspend? Underspend? Any regrets? I don't want a large place to take care of - so, thinking maybe a 3/2 is a perfect size. I am also debating about whether it is better to be 'on' the water or maybe 1-2 houses back from the water with deeded dock. It still would have a lake view from the MBR - but, not from all windows. + +OR, I could simply get something at the shore - public sewer, public water, etc. About a 2.5-3 hour drive though (assuming traffic - without would be about 2 hours) and would definitely need flood insurance. Those that considered both - what swayed you? Price I would spend at each is similar and result in dock, on the water, etc. +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. +Parents are kicking me (20f) out for being depressed I’m in £4,000 of debt what do I do? HELP + +I’m not 100% sure how to start with this one. + +I’ve been depressed for a long while but I was diagnosed 2 years ago. Initially, I didn’t tell either of my parents but I ended up opening up to my mother which was a terrible mistake. + +Since then she’s been angry at me because I “have no reason to be depressed” and I need to “rejoin reality” and “if I just got out of bed and exercised I would be fine.” She picks on my failures every time she feels like it safe to say I can’t particularly heal. + +I’ve tried my very hardest, I’ve discovered some of my weak points and made an effort to rectify them. I used to work as a lab technician 44hrs+ a week when I collapsed at work leading to my diagnoses. + +At the start of quarantine I realised- when I didn’t work as much- that work was a huge part of my stresses and anxiety so I made the decision to change my career. I have good grades and have always dreamed of doing a degree it is by far one of the most important things to me. My parents however believe people with degrees to be stuck up and that they “don’t know anything.” Initially however, I seemed to have the full support of my parents to work part time and study. More recently this has shifted into “how I really ought to be working full time because there is nothing wrong with me.” Despite quarantine etc. I did manage to get 21hrs in a supermarket last month and I have done full time hours in overtime- I really pushed myself. + +Regardless for the last three weeks, due to the spacing of COVID tests we have been isolating. My sleep schedule eventually reversed mainly because I slept in the day to avoid my parents- this really angered them. I’ve had to cancel my counselling on zoom because my mum has insisted on listening in because she wants to know what my counsellor is putting in my head. I’ve asked for privacy but she says that I won’t tell her what to do in her house. + +Now they have told me I need to get out of their house because I am a lazy layabout who needs to get over myself and I am not welcome to live off of them- as a side note I pay my own bills, food, and own my own furniture. I have never paid rent for them but I have never been asked to, I have instead bought supplies for the house when asked. I don’t think I can get better in this house regardless. + +As for how I have accrued the debt, I went through stages in my depression of buying things in an attempt to fill the void. Unfortunately, should I sell it, nothing I have bought will even nearly dig me out of the hole I’m in. It’s shared across credit cards, PayPal and tech repayment. + +Lastly, my boyfriend and I are long distance. His mother has invited he and I to Spain to live with her. This would mean however that I would lose my job- I don’t know how at that point I would keep up my repayments. I desperately want to complete my degree and I don’t know how that can be possible. Lastly, should I got to Spain my Spanish is weak. My boyfriends mother is a language teacher but obviously this becomes and immediate barrier in getting a job. + +My only other option as far as I can see is selling my car, (although it may not raise the full amount) going to Spain and attempting to earn money to come back. I love my car, it’s my first- it’s also my only way of getting around and it might become a barrier in getting a job when I return- if I can. + +I’m scared, I’ve never faced homelessness and I’m worried about ruining my credit score and never being able to move forward. What do I do? + +Also I’m sorry if this made little sense, if you need clarification please ask me. Thank you for reading. +I always wondered why the market keeps breaking records when Experts shows that it's an abnormal situation that only waits to collapse. + +I know that experts does not dictate the market, but I don't understand why saying something that won't matter in the short or mid term +I put aside the long term because everyone can make a long term prediction and somehow get it right if he waits long enough (most of the time) + +What do you think about this ? I'm curious to know about your opinions +Please don't flame me. I was just thinking about this and on its face, I know that it seems like a really stupid question. We assume that the wealthy create jobs. That this is what they do in a capitalist society. We always hear the mantra that the rich will invest their money in companies and those companies will hire more to do what ever with. But do they really? I know the whole investing action, and so on but does this really work? Does investment truly encourage companies to hire or do other factors influence a company to hire more then simple capital? +**Introduction** + +In a space full of lazy copy/paste contracts it's refreshing when something different comes out - And that's exactly what Team Squid Protocol has done, it's so different even **Shiba Inu** are Tweeting about it! 🔥 + +Lars and his **doxxed** team have created something truly special here with this **fair launched** gem! + +&#x200B; + +**What Is Squid Game Protocol?** + +It is a gamified token with a never before seen custom-built mechanism. + +Based on the hit Netflix show - Players earn compounding rewards in BUSD at the end of every round, as well as a chance at claiming the big prize pot with every purchase. + +If you don't want to play just hodl and you will earn free BUSD! If you sell any amount you'll lose your reward claim as well as your tokens and will be eliminated. + +With a slick & interactive dashboard on the website- **everything** is visible: + +\- Your Earnings + +\- Last Buyer + +\- Reward & Split Of The Pot + +&#x200B; + +**Useful Links** + +📲 Official Telegram (EN): [https://t.me/SquidGameProtocol](https://t.me/SquidGameProtocol) + +🇨🇳 Official Telegram (CN): [https://t.me/squidgamechineseCN](https://t.me/squidgamechineseCN) + +🖥 Official Website: [https://squidgameprotocol.io](https://squidgameprotocol.io/) + +🐥Official Twitter: [https://twitter.com/SquidGamePRO](https://twitter.com/SquidGamePRO) + +🐕Shiba Inu Tweet: [https://twitter.com/ShibInfo/status/1452748259726970881?t=dJiR\_yonCGa2yN2AC358GA&s=09](https://twitter.com/ShibInfo/status/1452748259726970881?t=dJiR_yonCGa2yN2AC358GA&s=09) + +🏦CoinMarketCap: [https://coinmarketcap.com/currencies/squid-game-protocol/](https://coinmarketcap.com/currencies/squid-game-protocol/) + +&#x200B; + +**Tokenomics** + +SGPro is a deflationary token with a fee on all buys, transfers and sells (+5% of penalty) + +There is a 10% Tax Fee, broken down as follows: + +* 0.50 % BURN +* 1.50 % FUTURE DEVELOPMENT +* 2.00 % TEAM +* 6.00 % PRIZE POT + +&#x200B; + +**Conclusion** + +Anything innvoative in the BSC space should be welcomed with open arms, and Squid Game Protocol has done exactly that with this one-of-a-kind contract. This is a brand new project with an impressive roadmap and new game development happening as I type. + +With the likes of Shiba Inu taking notice, the popularity of its Netflix namesake and extensive marketing kicking in - I can see Squid Game Protocol making huge waves on Binance Smart Chain! + +Get Involved! + +&#x200B; + +*Not Financial Advice - As Always, Do Your Own Research* +Hi all, + +Several of my friends are fatFIRE trust fund kids. They are well educated with PhDs. (I know them from my PhD program.) Yet they are never able to maintain a job they like and float around. Why does this happen? Is there any hope of saving them? + +P.S. I did refer one of them to my company and it backfired on me, lol (but not really). + +Thanks. +Hi all. Thank you very much for your time. + +I currently live in Spain, I have a net income of 35k From this I save 20-25k annually. This situation is not going to change, I have a lot of stability. I do not plan to have large expenses in the short-medium term. + +I have 15k invested in Vanguard funds and others to a lesser extent + +I have 35k in the bank doing nothing (this is what I want to invest) + +I have 2k invested in the American stock market (I do this for fun) + +I'm 24 years old. My goal is not to lose purchasing power due to inflation, and I am willing to take low-moderate risk + +How do you see my situation? What would you do if you were me? +So I keep hearing about these new platforms from the Crypto space who are paying very attractive interest rates on stablecoins and even FIAT currencies such as EUR, USD or GBP. Currently I'm quoted 10% interest rate on Nexo for my EUR ballance. For i.e another similar and popular platform is Celsius. + +How safe do you think these platforms are? + +Context: I'm also DCAing into VWCE and investing in some other areas but I have some cash I'd like to park outside of stocks. However, I'm kinda on the fence because these platforms are quite new and the interest rates sound too good to be true. +I have seen a lot of people recommending increased income over reduced spending as the easier or more successful method of making more room in your budget. What have found to be the best way to make more money? Did you find a new job, take on more hours at your day job, or do work on the side? Was it a long term or short term endeavor? + +(I know there are a couple of subreddits for side work like beermoney and workonline, but I'm more interested in stories than methods of clicking your way to pennies.) + +https://imgur.com/gallery/mPz52zF + +&#x200B; + +Here's another sfh purchased early this year for 151k and did 0 rehab. I put 10% down plus closing costs around 19k total down payment. I'm now recieving 21k back at closing so pretty much all my money . Home is rented for 2700 a month and mortgage is 1700 . + +There's always ways to make money guys just be persistent. + +The story on this one is I find it on facebook and the house has just been remodeled . The realtor is extremely lazy and they wanted 180k but I knew its worth minimum 220k I tell her look its a cash closing and you get both commisions. She pushes it hard to seller and we closed 2 weeks later with a loan. + +On the low end I expect to profit 7k a year on this property with 0 capital invested and I gained around 60k equity to add onto my net worth just by taking on some debt and allowing my tenants to payoff my properties for me. + +&#x200B; + +Good luck out there and don't let the people who own 1 or 2 homes discourage you from investing. I'm 3 years away from my goal of 40 million in real estate rentals. No reason to stop no matter what the market is and when i refinance deals like this I'll cash flow around another 400 a month so eagerly waiting for rates to drop again. + +&#x200B; + +This family of 4 adults earns 240k a year and have no issue paying the rent. + +&#x200B; + +I have another 7 brrr I just refinanced in the last 60 days just been really busy but I'll post them soon enough and have another 6 refinances in the next 2 months. + +I forgot to add im buying another 148k property in 2 weeks so I'm effectively putting this money into new home. Increasing my cash flow another 700 by recycling this capital. + +This home was also on Facebook for 7 days and most of the people were fthb but didn't have the money etc. The realtor was really annoyed with the inquiries being bs from so many people. +Hello. + +&#x200B; + +**TLDR; There was a sweet run up from $80 to $160 across march to early April. Based on SEC filings, one can see multiple transactions that ol' kenny engaged in to get some cash FAST. Borrow rate was rising and we could see the pressure cooker building.** + +This is just some sweet confirmation bias that indeed, shorts are still feeling the pressure. As zen as you are, it's still nice to know that shorts r fuk. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The chart (for reference) + +&#x200B; + +&#x200B; + +[Look at that sweet run.](https://preview.redd.it/f29q1ukcn7791.png?width=1349&format=png&auto=webp&s=695650a1380b176c359e41f02a2d96ab09085b7c) + +&#x200B; + +This DD is really short and sweet. I'll explain what a 'repurchase agreement' is (not to be confused with reverse repo!) and let the tables talk for themselves. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# Repurchase Agreements; What are they? + +&#x200B; + +We should all know the general idea of what a REVERSE REPO is? This is where you can give your cash to another person in exchange for some golden collateral. As we see with the FED, institutions are trading in their cash to the FED in exchange for A-rated collateral. + +&#x200B; + +A repurchase agreement is the opposite. This is where someone like Kenny gives someone else some of this golden collateral in exchange for cash. Then at a certain date or the 'maturity date', Kenny has to buy back said golden collateral. + +&#x200B; + +That's as simple as I can make it for the newbies! + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Kenny need cash + +Kenny needed cash. I speculate, but it's likely Kenny borrowed these Treasury notes (shorted em' cause he's a massive dick), to then trade for some cash. He is double fucked...as always...and forever. + +&#x200B; + +I just found these across only 4 funds, I bet there is more.... + +&#x200B; + +These funds reporting dates were for the first quarter, so it's difficult to speculate on the exact transaction dates, however we know the maturity was for the 04/01/2022. Just around when GME peaked.... + +&#x200B; + +&#x200B; + +https://preview.redd.it/1wpkdmt0p7791.png?width=1363&format=png&auto=webp&s=31084699f21a3f6f68847b9f9c98a705445d0c77 + +https://preview.redd.it/w4ackdu0p7791.png?width=1419&format=png&auto=webp&s=8130c8c5c75e7e27d1465852cf05d46eb00b7e8c + +https://preview.redd.it/gh086eu0p7791.png?width=1329&format=png&auto=webp&s=bf6756ee6c0d28bdd5a276969c4ae432613705c5 + +https://preview.redd.it/j3th4mt0p7791.png?width=1365&format=png&auto=webp&s=d17a2ea02471adf98cfe60c1f5f9b5878410833f + +&#x200B; + +That's four. Where Kenny is using US treasuries to trade for cash. He is fuk. + +&#x200B; + +Feel free to speculate more. I am still digging. + +&#x200B; + +As always, love you all. + +&#x200B; + +Punny out. +https://www.nytimes.com/2018/06/01/business/economy/jobs-report.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region&region=top-news&WT.nav=top-news + +Thoughts on the impact of the market moving forward/discussion/impact on wages or inflation? +I was having drinks in an industry event and was having a conversation with someone who worked in their firm's HR department. The question came up on why our industry has so little graduate programs. Her response was quite logical and I couldn't exactly rebut it but it boiled down to: + +- Most grads despite how smart they are will likely be net negative value add for the first year or two +- The concept of loyalty is dead (nothing wrong with that) so a grad who is finally value add will jump ship if he is offered something better so you have to match. Rather be the one poaching and not having to sink the investment in. Friction of movement is very low these days so even 'discovering' talent isn't too important since you just bid more for the good ones. +- People are more savvy these days and are less attracted to the brand of a firm in terms of employment. Thus the prestige of having a graduate program is worth less. + +She also finished off saying a lot of employers are cottoning on to this and in her view during the next recession these programs will get culled even more savagely during the 2009-2014 period. I can't fault the logic, so wondering what value do you guys think having a graduate program offers the firm. +My credit card and savings account are both with SBI. The monthly CC bill is always auto debited by the 4th and I get an intimation SMS *a few day before* the auto debit happens. This time my bill is really high and neither have I received any intimation SMS nor has the auto debit happened. I tried to call and write to SBI, but their credit card line was too busy and no reply to my writing yet. + +My savings account has more than enough balance to pay the bill. + +My question is, do I manually pay the credit card bill today? What if the auto debit also happens before EOD? Mind you, it's never happened on the 7th of the month. + +I haven't made any changes to the savings account or the credit card. Any guesses why the auto-debit all of a sudden stopped? When I did get through to the saving account customer service, they gave me the credit card contact number and said they can't help with auto-debit features. + +**Edit:** I just made my payment. Feel peaceful. Now I am wondering if auto-debit has stopped for good. + +**Edit 2:** One hour after manual payment, I get an SMS saying CC bills have been paid. I check Yono app for transactions and I see two payments of the same amount towards my credit card *\~facepalm\~*. I've written to the customer service through the app to reverse one payment. I don't know if it's the saving department or credit card department that deals with this. +https://ibb.co/ZfJgCvN [Image](https://ibb.co/ZfJgCvN) + +I use Groww app to trade. Started just today. I made about Rs.5.75 profit. But the app shows that it has reduced about fourteen rupees as stock margin. I don't understand it as from Google, my net profit is positive, then how could I loose money? + +Is it some kind of trick Groww uses to make money. I thought I could start making money with day trading. And now I'm just loosing hope and all feels like impossible. I'm trying my best to figure out things. Please help me with this. Thank you +Does it make sense to have a yearly increment of a fixed percentage (say 5% or 10%), every year? Doesn't it beat the purpose of SIP (averaging)? + +If this is not good, then what is the alternate way, if there is a yearly increment in savings? +First time Reddit poster here…. I’m hoping you guys can help me. I am a 26yo F looking to buy my first home. It’s just me and my two dogs so no kids to worry about. +My salary is 70k a year and I have about 40k saved currently. I am very fortunate to not have any debt (cc, car, student loan etc.). I live in Northern California so the house prices for something even remotely decent in my area is around 350-425k. My credit score is high 700’s so it’s okay and I’m confident I’d be able to get a home loan from at least a few places. I don’t have enough saved for the 20% down unfortunately so I’ll have to pay PMI. My take home biweekly amount is roughly 1900 (my insurance and 403B contributions were already deducted from this amount so I have health and retirement costs covered already). Hopefully that wasn’t an overshare, just wanted to give enough information on my financial situation. + +With the current situation in the US I am not sure I’ll be able to afford being a homeowner now. Am I hurting myself in the long run by not buying now? Interest rates are rising so I thought I would wait for them to decrease but I am also hearing that house prices will continue to rise. With my financial situation would I be able to afford a home? I worry I am being too conservative by not making any moves due to fear. I could be completely overthinking everything as well. I’m not great at budgeting if you couldn’t tell. +Any knowledge or advice would be welcome. I am feeling a bit lost and discouraged about what to do. I don’t fully trust realtors or brokers to give me honest and impartial information. My ex husband handled all of our finances (dumb on my part I know) so I am now trying to learn how to protect myself financially as best as I can. I hope I included enough background info, I wasn’t sure what would be pertinent in a situation like this. +Side note: leaving California is not an option. While I hate it here I am not willing to leave my entire immediate and extended family…at least for now. +Thank you if you even managed to read through this whole post! +&#x200B; + +[Euro\/Usd 5min backtest result: ](https://preview.redd.it/a7rvzymrk9991.png?width=1366&format=png&auto=webp&s=e7effee84e0edff6e95d4d8f83a3ee16818b4411) + +Settings used: 15 point take profit, no stop loss, 0.9 sensitivity + +I can find similar results on usd/jpy + +What do you guys think of it? + +Code: + +&#x200B; + +\`\`\`// This source code is subject to the terms of the Mozilla Public License 2.0 at [https://mozilla.org/MPL/2.0/](https://mozilla.org/MPL/2.0/) + +// © RyoAsukae + +//@version=5 + +strategy(title = "Regression-Strat", shorttitle="Reg-Strat", overlay=true,initial\_capital = 1000, default\_qty\_value = 100, default\_qty\_type = strategy.percent\_of\_equity) + +src = close + +l1 = 25 + +l2 = 200 + +l3 = 600 + +lin1 = ta.linreg(close,l1,0) + +lin2 = ta.linreg(close,l2,0) + +lin3 = ta.linreg(close,l3,0) + +slope1 = (lin1 - lin1\[l1\])/l1 + +slope2 = (lin2 - lin2\[l2\])/l2 + +slope3 = (lin3 - lin3\[l3\])/l3 + +above = ta.crossover(close,lin1) and slope2 > 0 and slope2 > slope3 or ta.crossover(0,slope2) + +below = ta.crossover(lin1,close) and slope2 < 0 and slope2 < slope3 or ta.crossover(slope2,0) + +&#x200B; + +trueRange = na(high\[1\])? high-low : math.max(math.max(high - low, math.abs(high - close\[1\])), math.abs(low - close\[1\])) + +sensitivity = input(1.0,"Sensitivity") + +atr = trueRange/sensitivity + +short = below and ta.atr(10) >= atr + +long = above and ta.atr(10) >= atr + +p = input(50,"TP") + +l = input(50,"SL") + +Y = input(2021,"Year") + +M = input(1,"Month") + +D = input(1,"Day") + +date = time >= timestamp(syminfo.timezone,Y,M,D,0,0) + +strategy.entry("long",strategy.long, when = long and date) + +strategy.exit("exit","long",loss = l,profit = p) + +strategy.entry("short",strategy.short, when = short and date) + +strategy.exit("exit","short",loss = l,profit = p) \`\`\` +Hey algotraders, + +&#x200B; + +You might already know me for pygooglenews and newscatcher Python packages. + +&#x200B; + +I am going to build a financial (NYSE/NASDAQ) tickers news API. I will read each and every comment here, so do not hesitate to leave your detailed request. + +&#x200B; + +I saw a lot of demand for financial news API while working for NewsCatcherAPI. NewsCatcherAPI is not well fitted for this purpose so I decided to make it a separate more advanced product for it. + +&#x200B; + +I went through almost all the posts here that talk about stock news APIs. Foud some interesting opinions (and 0 people saying they use such data for algotrading, lol) + +&#x200B; + +But still, many corporate clients come to me from financial/trading background (some of those are 10m+ capitalization firms) + +&#x200B; + +# What I am actually planning to do + +1. First of all, I already have access to 350-500k news articles per day (because of NewsCatcher). And generally, I've been working with collecting news data for more than a year, so I know a lot of hidden pitfalls already. That's experience, came with time. +2. Each English article I will scan for mention of any company from NYSE/NASDAQ. I already have some basic dataset with ticker + official company name + most used company name (ZM + Zoom Video Communications, Inc. + Zoom). **But if you have such one or know where I could get/scrape it, please let me know** +3. If article mentions at least one company it ends up in our database. +4. I count how many times each stock gets mentioned in this article. +5. I get all the basic data (text sentiment, published DateTime, title, text, URL, etc) +6. Trying to catch important news: the company won a gov contract. company is buying another company. M&A. **What else should I be looking for here?** + +&#x200B; + +&#x200B; + +Questions to the community: + +1. Anyone here ACTUALLY using news data feeds for algotrading? +2. How much of a delay from news being published to it being available in API is OK (ASAP I understand) +3. What to search for in the news headlines/text: contracts, acquisition, etc +4. List of all companies with alternative names? +5. What else would you need and why? + +&#x200B; + +Any personal questions or waitlist: DM me. +Hey algotraders, + +&#x200B; + +You might already know me for pygooglenews and newscatcher Python packages. + +&#x200B; + +I am going to build a financial (NYSE/NASDAQ) tickers news API. I will read each and every comment here, so do not hesitate to leave your detailed request. + +&#x200B; + +I saw a lot of demand for financial news API while working for NewsCatcherAPI. NewsCatcherAPI is not well fitted for this purpose so I decided to make it a separate more advanced product for it. + +&#x200B; + +I went through almost all the posts here that talk about stock news APIs. Foud some interesting opinions (and 0 people saying they use such data for algotrading, lol) + +&#x200B; + +But still, many corporate clients come to me from financial/trading background (some of those are 10m+ capitalization firms) + +&#x200B; + +# What I am actually planning to do + +1. First of all, I already have access to 350-500k news articles per day (because of NewsCatcher). And generally, I've been working with collecting news data for more than a year, so I know a lot of hidden pitfalls already. That's experience, came with time. +2. Each English article I will scan for mention of any company from NYSE/NASDAQ. I already have some basic dataset with ticker + official company name + most used company name (ZM + Zoom Video Communications, Inc. + Zoom). **But if you have such one or know where I could get/scrape it, please let me know** +3. If article mentions at least one company it ends up in our database. +4. I count how many times each stock gets mentioned in this article. +5. I get all the basic data (text sentiment, published DateTime, title, text, URL, etc) +6. Trying to catch important news: the company won a gov contract. company is buying another company. M&A. **What else should I be looking for here?** + +&#x200B; + +&#x200B; + +Questions to the community: + +1. Anyone here ACTUALLY using news data feeds for algotrading? +2. How much of a delay from news being published to it being available in API is OK (ASAP I understand) +3. What to search for in the news headlines/text: contracts, acquisition, etc +4. List of all companies with alternative names? +5. What else would you need and why? + +&#x200B; + +Any personal questions or waitlist: DM me. +Today I got my very first div. Payout, and when i saw the email I got SO excited and happy, I mean, it's only $2 (MFA), but idk why it made me so excited 😂 lol + +Anyways, sorry about the shit post but I just felt like I should tell someone about it, but I dont really have anyone to tell, so I thought I'll hit yall up lol + +Edit: wow guys, I was just not expecting this much love and support for this post, so many great comments and rewards, thank you so much, sorry I didnt reply to each and every one of you, all the love was overwhelming 😂 thank you so much, I'm happy to be apart of such a great community. Much love 🙏🙏🥰🥰 +I just felt like now was the time to write down my story over the past 8 years. Partly because I need to write this down but mostly, I want to help anyone that is trapped in the hell that is serious debt. + + + + + +7 years a go I developed what can only be described as a serious gambling problem. I would spend around 5-6 hours a day watching a tiny white ball spin round on a screen praying that it would land on number 1, 5, 18 or 23. That was my life. I had a job, a husband, a house and a life but I put roulette first. + + + + + +The addiction lasted 2 and a half years and in that time I wagered approximately £2 million on roulette (I didn't spend that amount as I'd deposit then win then lose, rinse and repeat) and I ended up with £42k of debt as a result and F all to my name. I had no savings and nothing of worth. I'm surprised we didn't lose the house but that's likely because my husband paid the mortgage from his bank account. No one knew, only my husband. To everyone else, I was the most reasonable person ever but in reality I was gambling so bad that I would regularly vomit from losing £10k or more in one gambling session. I would spend time thinking about the best way to take my life as I saw it as the only way out sometimes. + + + + + +Once I woke up to the sobering reality that I was up to my eyes balls in debt and suffering from a severe addiction and I had a baby on the way (planned), I called up the 5 companies I owed the £42k to and explained everything. They were all extremely nice to me, froze the interest on my loans/cards and listed me as vulnerable. They left me alone for 60 days. Once the 60 days was up, I spoke to all their teams and they all said that if I could get a doctor to write a note detailing that I was suffering from extreme anxiety due to my problem, they would default the loan/card agreements, freeze the interest/fee's indefinetly and agree to a payment plan I could afford. I did that. + + + + + + +As the years went on, they all sold off the debt to debt collectors but each one of those, again, were nice to me. As long as I called them up every 6 months and told them my income and expenditure, they would agree to the payments. That went on for 6 years until the debt was paid off. + + + + + +We went many years not being able to save or do a lot. We lead an ok quality of life but I beat myself up a lot that I caused our little family to not be able to have the best. Beating myself up did nothing though. I had to do something. So I trained. I trained, studied, I did everything. Instead of spending 5 or 6 hours a day gambling, I spent it forging a career so I could earn the money my husband and son should have had back. + + + + + +At the start of this year, I started that career, I work 2 jobs now and work them around my dear son. My husband finally has a nice reliable car and he finally has the life he should have had 8 years a go. I'm earning money now instead of losing it. + + + + +We have savings. We have normal debt (home improvement loan). We can buy McVities jaffa cakes instead of the cheap supermarket one's. We aren't rich by any means but we have options. + + + + +If you feel like you're never going to see the end of that dark tunnel, try to stay postive and turn things around. You might need some help medically and emotionally. Don't ignore debt. Companies can be understanding if you need them to be. Your credit score/report doesn't matter in the short term, your sanity does. It might take a year, it might take 10 but there's always a way out of the mess created by gambling, a business gone wrong, a bad investment etc. There is always light at the end of the tunnel +GM(E), + +Wanted to share a stat that I'm incredibly proud of. The most obvious thing about Web3 Games today is: there aren't many good ones live. + +The good news is, it's the most invested in category in tech history in the last decade (>$15B USD invested in < 2 years). People realise the future is one where people own their assets, rather than get scammy in-app purchases that mean nothing when the game is relegated. + +The core metrics we are measuring for our growth is our marketshare of games we think have a chance of being a 10 million player hit. We've outperformed massively this year - onboarding more games in the last 4 months than the last 2 years combined. Most importantly, they're all significant games - the CEO of Riot Games Asia dropped out to found a MOBA on Immutable - level significant. + +[https://twitter.com/0xferg/status/1603165229948751872](https://twitter.com/0xferg/status/1603165229948751872) + +These will all be launching over the next 12 months on GameStop. One hit game will dwarf the rest of speculative / PFP volume by itself. + +You're a critical part of that journey, and I can't wait to deliver exceptional, genuinely fun games into your hands in 2023. + +Robbie + +&#x200B; + +https://preview.redd.it/aq317c7e6y5a1.png?width=1618&format=png&auto=webp&s=e131ddd220ebcf4ace1b9f05f14d832813e35b71 +Hi. I'm currently in a difficult situation and I was wondering if anyone would be able to help me. + +I'm a single 21 year old guy living in a bedsit council flat on benefits. I was homeless a few months ago due to being kicked out of my parents house. I've been trying to get a job, but my current income isn't enough to cover travelling past walking distance so it's made things difficult. + +To make a long story short, my Universal Credit (benefit) has been sanctioned for a reason that wasn't my fault and the jobcentre has accepted no responsibility leaving me with £131 to survive until the 13th of October. I'm not good with money, but at the moment my living costs are about £40 per month for utilities and £15 per week for food and drink and I've been trying to find ways to cut these down further. + +I have no family to support me and no friends that I can rely on to help me get by. I don't live in walking distance to a food bank. I'm not 100% sure what type of advice I'm expecting, but any advice relevant to my situation would be greatly appreciated. + +I've also posted this in some other relevant subs as advised by some redditors + +EDIT: I'm overwhelmed by the support that you guys have all shown me! I may have said this about a hundred times already, but I appreciate each and every one of you! +Apple is pumping up benefits for [workers at its stores](https://www.bloomberg.com/news/articles/2022-02-08/apple-ups-benefits-for-retail-workers-in-tightening-labor-market?srnd=premium) as hiring and retaining them become harder. Both the tighter labor market and ongoing pandemic are driving the decision by the iPhone maker, which has about 270 retail stores in the U.S. + +*Changes to benefits include:* + +* Doubling the number of sick days for full- and part-time workers and allowing them to be used for mental health and family caregiving. +* Increasing vacation time (beginning at 3 years instead of 5) +* Extending paid parental leave to part-time workers and giving them access to backup emergency care + +A bit of a shame that it takes a pandemic and massive exodus of talent to get big US companies to shift a little bit closer to the benefits offered to employees in most other developed countries. + +Full non-paywalled article: [Verge](https://www.theverge.com/2022/2/8/22923719/apple-store-retail-workers-sick-days-parental-leave-benefits) +As the header says, that’s the overall situation. + +I am 28 years old, my brother is 30. + +I have spoken with realtors, attorneys, and banks. + +The house and property in question is valued at 600k (if it was in good shape). However it’s genuinely dilapidated. The estimates I’ve gotten are that short-selling is even going to be a good trick. + +I have a meeting with another realtor who happens to be a family friend. He’s called title companies and estimated the property debt at 350k. Given the actual state of the house, I think it would probably be demolished and we should sell the items inside. (completely fine with me) But at this point my brother and I are essentially just trying to figure out how to remove ourselves from this and possibly not miss out on any money to be made from the property. + +The realtor is essentially telling me that the titles and debt will be signed over to me, which I’m understandably reticent about because I’m ~28 fuckin’ years old~, I’m a bartender, I have no capital to put up to pay form attorney so I’m reliant on favors, and my parents died 28 days apart. + +There are no wills, no real legal ties to the debt, and my dad left us with a mountain of things that we have nothing to really do with. I could certainly call the banks and just give up the house, and I’m genuinely considering it. My brother has already shrugged and said “so be it” due to his mental health state after losing both of our parents so young, and so the task has mostly been relegated to me. ANYONE please offer any advice and explain like I’m 5 so I don’t get bamboozled, or just let me know if I should walk away. +Hey everyone, + +I am an experienced active market trader and investor of 7 years. I’ve always had an interest in programming and coding as well as algo trading but I don’t know a thing. I’ve seen a few videos here and there but all seems too deep of what I know. I know a majority of technical analysis indicators and have a solid trading strategy when it comes selling options. I wanted to see if I could create algorithm that could do the steps I do and trade for me. However, before judgement falls upon me on what my trading strategy is…I am certainly open to new ideas—simple strategies too. + +So, as someone who doesn’t know a thing about coding, programming, algo trading. Where do I start? A better question: if you had to start all over again with zero knowledge, where would you go and what would you do? I just need some step by step guidance, I’d appreciate any help! Thank you! +What’s everyone think of CRO?? +They seem to be the biggest advertisers out there… renaming the Staples Centre, Matt Damon as a spokesman, Ads on Reddit, CryptoMarketCap and CoinGecko, etc etc. +There’s growth right now and room for more! +Thoughts?? +Hi all, I came up with a good way to extract institutional investor transactions using Python from an API in order to analyse if investors are buying or selling stocks in a particular company. + +For example, below table is the outcome showing the transactions reported by institutional investors since the 11th of February on 4 different companies. + + + total buys sells total_shares_exchanged + AAPL 159.0 127.0 32.0 122816727.0 + MSFT 293.0 251.0 42.0 292622179.0 + ETSY 42.0 37.0 5.0 3978781.0 + ATVI 115.0 104.0 11.0 1161650.0 + + +While the data is useful, I am struggling to make a good use of it. For instance, if I look into MSFT, I can see that 127 institutional funds bough stocks in MSFT and 27 sold stocks. + +What I would like to do with this analysis is to find stocks that institutional investors are currently buying a lot. + +Does someone know what would be the best approach to do this? I thought about running the script for a bunch of companies and compare them together. But that approach does not make sense because obviously, large market-cap companies will attract more transactions than small-cap companies and they may not be really comparable. + +In case any of you is interested on how to get institutional investor transactions using Python, I have a video showing step by step: +[Analysing Institutional Investor Transactions!](https://www.youtube.com/watch?v=zy_KtPGGTEk) + + +***Breaking News*** + +*WindSwap is a* Severely Undervalued Token With Market Cap < 10m that is about to skyrocket through the stratosphere (slight exaggeration, but it is looking very bullish). + +**Here is what you have to look forward to:** + +**👉** Smart Limit Orders Coming Within 2 Weeks + +**👉** Cross Chain Bridge In Next Month + +**There are literally none or very few other solid use case opportunities like this!** + +⚡ Join Over 9615+ Members - [**https://t.me/windswapmembers**](https://t.me/windswapmembers) **⚡** + +***Recent Achievements*** + +**✅ Coin Market Cap** + +**✅ CoinGecko** + +**✅ LIVE Functioning DEX (Proven Use Case)** + +**✅ #1 Promoter On Poocoin** + +Join The Dynamic WindSwap Community **👉** [**https://t.me/windswapmembers**](https://t.me/windswapmembers) **👈** + +Personally, I’ve been following WindSwap the last 2 weeks and I have been very impressed with what I have witnessed so far. I truly believe this will be the next Pancake Swap and that’s why I’ve written this post about it. + +WindSwap has done nothing but deliver over the past few weeks Coin Market Cap, BlockFolio and Coin Gecko Listings among other things. + +**Links** +**🌐** Site: [https://windswap.finance/](https://windswap.finance/) + +✅ Telegram: [https://t.me/windswapmembers](https://t.me/windswapmembers) + +📈 Chart: [https://app.windswap.finance/#/chart](https://app.windswap.finance/#/chart) + +🧾 Litepaper: [https://windswap.finance/whitepaper/litepaper.pdf](https://windswap.finance/whitepaper/litepaper.pdf) +The best I could find was nse website ([https://www1.nseindia.com/live\_market/dynaContent/live\_watch/get\_quote/GetQuote.jsp?symbol=TATASTEEL](https://www1.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=TATASTEEL)) but all **the values are approximations and not the EXACT number** of free-float shares available for trading. + + +I require this for my research, thanks! :) +Good day traders, I hope everyone doing well on the market. + +A little advise that I would like to share, with proof that it works. + +This is a funded account not a challenge, I started this one 4 days ago on 12th of July and it's already at +10K profit (+20%). + +With Max DD -3%. + +https://preview.redd.it/8lgr744c1fb71.png?width=839&format=png&auto=webp&s=fed3cb15606ea1188f7472b91def2c78ec1265e4 + +https://preview.redd.it/y1gqob4c1fb71.png?width=921&format=png&auto=webp&s=059a1562483a277d556d8f831cf23d82fad2a8c5 + +https://preview.redd.it/wyr2184c1fb71.png?width=423&format=png&auto=webp&s=bf609c4b38c4cb873fff3f355d9468ce0de28c3b + +https://preview.redd.it/z4c1ea4c1fb71.png?width=827&format=png&auto=webp&s=669e2f459030bfa26ffaae5232621ed1adf066f9 + +Not showing this for a show off, not offering any course or mentorship or signals services. + +I would share something I notice myself doing subconsciously after trading for a while. + +Bad days is a must in this business, consistency and solid risk management along with a real trader mentality are the things that will help you to go through these days, and it will let you survive to trade another day. + +If you're in this business for a while, I'm sure you have some "intuition", you have a feeling/hunch about your trading day, if it will be good or bad, it will be choppy or smooth. + +For me, once I open my monitors I can tell if this is going to be a good day or a bad day, regardless of my feeling I trade it and I stick to my plan, but with diff mentality. + +\- If I had a feeling that this is going to be a good day, I find myself trying my best to scale my positions, abuse the market and takes what's offering for me. + +\- If I had a feeling that this is going to be a bad day, I find myself focusing on getting out at a break even, I ran out from the 1st sign of reversal or price action against me. + + MOST PEOPLE KNOW THIS, BUT HAVE YOU DONE IT? + +If you master this, I assure you will survive and thrive. + +(SCALING DOESN'T MEAN YOU INCREASE YOUR RISK OR YOUR LOT SIZE OR YOUR OVERALL EXPOSURE, PROPER SCALING WILL ADDS ONLY TO YOUR PROFIT AND RRR! NOT TO THE RISK OR LOSS) + +This is how my trading history for my accounts looks like. + +&#x200B; + +https://preview.redd.it/njvsiryf2fb71.png?width=423&format=png&auto=webp&s=fc672a85d180dd53a3421cdc39d0d5b669f3f613 + +https://preview.redd.it/wl0rvuyf2fb71.png?width=414&format=png&auto=webp&s=aea165082e538725617a609809f93ebe9cbeaebc + +https://preview.redd.it/n9cee4zf2fb71.png?width=417&format=png&auto=webp&s=fa094c0fbf4ad8f8975e8a5a069831fc5a03a809 + +\- If you have a system/strategy that has a net positive outcomes, STOP WORKING ON IT, work on yourself, its already a winning strategy. +I'm quite new to forex, have been learning for a few weeks. I've been trading on the hourly chart, and I've noticed numerous mistakes I have been making. I never see the big picture of the market direction with an hourly chart, I see everything in the present and dont have the context of the previous market. But also I think it messes with my physcology. I get excited about a small 2.5% increase and then get worried about short retracements, looking into them to deeply and then selling my paper money. I then look at the 4hourly chart and see these scary looking retracements as nothing but healthy retracements. I also can see any trend lines and patterns the price is currently in. Has anyone else experienced this? +Was on a canceled United flight from Delhi to Houston 2 weeks ago. United canceled the flight, promised to refund the change in flight fee, and the difference in fare for flights going to the same final destination that were booked in the same class. + +Long story short. I re-booked a new flight with United, same class (Economy) to the same destination. The ticket was $432 more expensive ($864 really, as I had to purchase a ticket for my wife as well). So last night I get an email saying I've been approved for a refund for the 2 x $300 flight change fees, but not the difference in fare. Customer support is giving me the run-around; what advice do yall have? + + + +Edit: this blew up! Thanks for all the input guys and gals. Couple extra points: I'm a silver member in their rewards club, almost to gold status. I spoke to customer service on the phone; they tried to deny they would cover the difference in fare but resubmitted my claim with some notes about their agreement to cover it (which I guess I'm supposed to provide proof of; jokes on me for not having a screenshot of their contract). If I dont get a positive resolution I will 100% call my CC and dispute the charges. Stay tuned yall; don't touch that dial! + + + +Edit 2: for the folks asking how/why I rebooked instead of getting them to do it: +1. I was in India and didnt have phone service to call. +2. I was hundreds of miles from the airport so driving there to talk to a ticket agent wasnt an option +3. The email and notification in the United app both directed me to a portal saying "book through here and we will refund your ticket change fees/difference in fare for same class ticket." + +I thought it sounded weird too - best case, I essentially gave United a rent free loan for 4 weeks. +. +. +. +Edit 3!!! Update: got my refund from United! + +Thanks to everyone for input. It was actually my mistake - i applied for the refund using the ticket numbers for my rebooked flight, not the segment that was canceled by United. When I reapplied for a refund for difference in fare, using the original ticket numbers, they processed and accepted the refund. + +Thanks to everyone for their info and input!! You guys were (mostly) super helpful. Next time I'll definitely use a VOIP and call them, and hopefully avoid this whole fiasco. + +To the redditor who thought it was "fishy" that I have so many posts about getting money back from airlines... yeah?? I fly a lot and have experienced an incredible amount of delays/cancellations... of course I try to get my due recompense. That's not shady or dishonest - that's just good business. I would hope you (and everyone in the PF subreddit) do the same. And to the redditor who called me a liar and accused me of making the whole thing up for karma... good call bro. You saw right through me. 🤦🏼‍♂️ + +TL;DR. Used original ticket numbers for canceled flight, applied for refund for difference in fare, refund was approved. Took some work but got my money back. Thanks to all for their input! +u/econoar had a great [suggestion](/r/ethtrader/comments/a5dgkm/an_ethhub_page_for_the_ethereum_community_to_work/) to collaborate on a response to the CFTCs questions in their [Request for Input](https://www.cftc.gov/sites/default/files/2018-12/federalregister121118.pdf). You can contribute to [that document on github](https://github.com/ethhub-io/ethhub/blob/master/other/ethhub-cftc-response.md). + +I am also posting the questions here for those who are unfamiliar with github or may not have an account there but would like to contribute answers. **Top level comments are reserved for the questions**. Please supply answers as sub-comments. Please tag top level comments that are not CFTC questions as spam so they can be removed. + +There may be donuts involved. Let's see how this goes - just an experiment! Thanks u/econoar for suggesting community collaboration on this. + +[You can vote for this post to be stickied or not.](/r/ethtrader/comments/a5ihbw/remove_answers_to_cftc_sticky/) +Sold a 9.50 strike put last week. Am looking for assignment so I can wheel the stock. + +What I didn't look at was earnings... This is not the first time this has happened.. Oh well, covered calls here we go. +Just some food for thought when thinking about the value of bitcoin and crypto in general. These prices make one wonder, where is all this money coming from? It's likely that a lot of it is coming from wealthy individuals looking to gain exposure. + +Let's take out all the small timers out of the picture and consider what the 1% can do by themselves in this space. + +- **If the millionaires of the world put an average of $20,000 (<2% of their portfolio) into crypto, the market cap would exceed $700 billion** + +- **If the millionaires of the world put an average of $100,000 (<10% of their portfolio) into crypto, the market cap would exceed $3.6 trillion** + +Depending on the cryptocurrency of choice, here's what this 10% scenario would look like if the millionaires chose ONE cryptocurrency to invest in. + +* Bitcoin or BCH: $200,000/BTC + +* Litecoin: $50,000/LTC + +* Ethereum: $36,000/ETH + +* IOTA: $1,285/MIOTA + +* Cardano: $138/ADA + + + + +*The boring math:* + +- There are approx 36 million "millionaires" in the world (net worth &amp;amp;gt; 1 million USD). (https://www.statista.com/statistics/203930/global-wealth-distribution-by-net-worth/) + +- Even if these millionaires had exactly $1 million each, a $20,000 investment would represent less than 2% of their net worth. This amount is a reasonable allocation they may choose to provide exposure to the tech and hedge against other assets. (Remember, this is a mean. Also very conservative since we assumed all millionaires only had $1 mil). $20k x 36 million = $700 billion + +- Sticking with this logic, an average allocation in crypto of 10% would mean for a total market cap of $3.6 trillion. This would put crypto on the level of gold (estimates of $6-7 trillion in total reserves) + +Thoughts/criticisms? + + +Edit: Formatting + +Edit2: Some are pointing out valid criticisms, some are getting hung up on pedantics. One thing I should have been more clear on, in this hypothetical, **millionaires are not writing $20,000 checks to buy Bitcoin at current prices. This scenario is assuming they want to own $20,000 worth as part of their portfolio.** Many of them already bought some at lower prices, but many would have to pay higher prices if they're later to the party, since the supply is fixed. This is where the price increase comes from, for those of you asking about price * shares. + +I agree that if millionaires actually all tried to own this much Bitcoin prices would be ridiculous because there are other factors of demand. But that's my point. + +**For the average millionaire to hold $20k in bitcoin, there would need to exist at least $700 billion of it, and there isn't right now.** + +This is the type of dynamic that can lead to explosive prices like what we're seeing. It may or may not be a significant factor. +For the past 11 months I ran a self-experiment where I first went from using only cash whenever possible (and debit online), to always using credit cards (and paying them off in full). Using YNAB, I tracked all my spending and planned out a budget every month before that month began. The result: + +Through credit cards, I earned $395.23 in 2-5% cash back but also spent 19% more overall compared to cash (resulting in a loss). The biggest differences were: + +* **Pain vs. Pleasure.** Whenever I used a credit card, because a part of me would think about cash back, it was fun. Even though I was buying something, it felt like I was getting free money. Yet because that feeling simply did not exist when using cash, purchases felt more like total losses and uncomfortable. + +* **Convenience.** The credit cards were undoubtedly easier to use so I spent more on food delivery (mostly UberEATS) and at vending machines. Surprisingly, simply not wanting to get cash from an ATM was enough to prevent me from getting delivery, and not wanting loose change stopped me from using vending machines. + +* **Restaurants.** Similar to the first point, because I knew I was going to be using cash I was more mindful of the cost. The cash was in my wallet and I didn't want it to leave. And yet due to that almost subconscious part of me that would think about free money with credit cards, I was simply more likely to feel "this is fun" and order based on emotion. + +While I am well aware that my self-experiment is not at all scientific (there could be other reasons why I spent more on credit), I am surprised at the result because I've been budgeting and using credit cards for years. I have consistently had $150 budgeted every month for restaurants for example, and while with credit cards I would think, "I still have $X left to spend," with cash I just didn't want to. + +It's incredible how subtle and yet powerful the lure to use credit cards can be. I suppose I could just have better self-control, but I have zero debt, live below my means, and did this experiment for almost a year, so I think I have pretty good self-control anyway. + +A part of me wants to stop using credit cards completely, but because credit scores are still important and debit cards aren't as safe as credit cards (or so I think), I'm not sure that's the best idea. Maybe I should just use credit cards for automatic withdrawals and online purchases and cash for everything else. + +Food for thought. +When I first started working, I used to see other people in my office spending £15 on lunch every day, and I always used to be a bit jealous that I was bringing my own food in and couldn’t afford to get lunch, breakfast, 2 coffees out every day like them. + +I worked out how much I’d need to earn to be comfortable to spend that amount. Well now I earn above that, but I still dont feel comfortable spending that amount of money on lunch every day... + +I still scan the shelves to work out what’s the cheapest option, I still buy 99p filter coffee rather than a fancy coffee, I still make my own lunch at home. + +I think having previous been thrifty, I now feel guilty spending more money than I need to, even though I can afford it. +Anyone else the same? +To all the long-term equity investors who do their due diligence before investing out there. + +- How do you decide which stocks to examine further? What factors or screening methods do you use? + +- How do you go about understanding the underlying business and evaluating the management and the industry? Where do you get the information from? (Eg. Company’s website, Screener) + +- How much research do you do before deciding whether to invest or move on to the next one? + +- If you decide you like the company, How do you decide what you pay for it? + +- What do you do after investing in a company? Do you keep up-to-date with the latest developments and make buy/hold/sell decisions? Do you forget about making the investment? + +- anything and everything else I am missing. :) + +I understand the research process is going to vary from industry to industry, company to company. But, there are going to be some parts that you do that are common for every company regardless of the industry, market cap. I want to know about that. + +Thank you so much. :) +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. +32/ Married/ No kids. + +Current net worth is about $4.5 million. About $2.3m equity for owning two houses in HCOL (one fully paid off, the other one still has mortgage ). Live in one of them and rent the other one out -monthly rent/inflow is 6000. $1.6m investments and $600K in 401K and Roth IRA. Our household annual income is \~$800K and we have been saving 80% of our income over the past few years and put that into different investments. So our AUM will likely be above $5m by the end of this year. + +Planning to have kids soon so likely spending will be much higher. Also doing some research to start a company to do some side hustles which could hopefully help reduce taxes legally. + +My current spending is about $6000-7000 per month ($3500 mortgage, $300 in utilities/phone/internet, $1000 groceries, 300-400 $restaurants and $800-1500 in others) + +Usually what's the trigger point for you to think you are ready to fatFIRE? Any advice to me? Am I too concentrated in Real Estate? +[Radix DLT](http://radixdlt.com), one of the projects with the [best fundamentals](https://www.radixdlt.com/post/cerberus-infographic-series-chapter-i) and the least (but growing) hype finally had it's shackles cast off on Wednesday. Many were expecting a massive dip as the price vesting mechanism that had been damping growth was finally removed, and around 8bn tokens were unlocked to join the previously available 2bn tokens. + +Anticipating the dip, many were selling in the 10-12c range to free up USD to buy in lower, but so far that appears to be a massive mistake. + +There was a micro-crash on uniswap, where the price briefly went from 9c to 1c, but within 5 minutes it was back at 8c. 36 hours later it's now trading steady in the 14c range. This is bullish af. Everybody is ready to pounce on anything less than 10c, which really suggests we'll never see a price this low again. + +If you've not heard of Radix, check out the links above. It's a linearly (infinitely) scalable layer 1 which doesn't sacrifice security, decentralization or [atomic composability](https://learn.radixdlt.com/article/what-is-atomic-composability). To my knowledge, it is the only layer 1 that can achieve this. + +Currently no charts show accurate market cap, but [they show accurate price](https://www.coingecko.com/en/coins/radix) and the supply is now 9.6bn, so market cap is still very low for a layer 1 with such potential at $1.5bn. + +Edit: adding the [chart for the wrapped ERC20 version of the token](https://www.coingecko.com/en/coins/e-radix), as that has full price history. +October 1st Update, will be updating in a new post when I receive the transcripts.. +CALL YOUR BROKER, BE POLITE, BUT PUSH THEM TO GET YOUR TRANSFER GOING. +People in this comment section were right about being pushy. +I WAS NOTIFIED THIS MORNING (When I Called) THAT MY TRANSFER BEGAN SHORTLY AFTER YESTERDAYS PHONE CALL WITH THE MANAGER, although it was Initiated on the 20th(so there is truth to what he said, he just got the ball rolling faster). +Sidenote: There are specific words that are not to be interchangeable, such as initiate and begin transfer. +Anyway, The TD (Canadian) Direct Investor division gave great input as to what is going on, and in a Tl;Dr they said they're working while waiting on DTC to hurry up. I was told 10-15 working days from the 20th as a final absolute time frame. This means, if my shares are not DRS to CS by October 11, all formal evidence will be brought to Canadian Securities Administration for them to determine whether or not I have a case on my hands. +Judging by the conversation had this morning (22 minutes), I feel competent in that my shares will be direct registered to CS, that there is a team working at TD to get this done ASAP, and that Canadian Apes with TD will be okay. Just make sure to grab your receipts and have receipts of a phone call (any method of communication) with them initiating this. +^ Seriously do this, provide yourself with proof of transactions just in case. + +I asked - Has the transfer process been started yet? Can i receive a transcript of this conversation and that of the manager i spoke with yesterday? Can i receive the CUSIP # for all shares in my investing account? Can you provide me with information regarding Cost Base Adjustments? (YES YOU CAN APPLY FOR COST BASE ADJUSTMENTS IF SOMETHING LOOKS OFF) I asked a few more but i need the transcript to be certain. + +Canadian Apes, TD Waterhouse (Direct Investing now) does not abide by the same rules as TD Ameritrade. I have as close as I can to confirmation that GME shares are restricted from being lent out by Canada TD Direct Investing. Also, that there is an inventory of lent out shares that Licensed traders can see. + +I asked: "since there is an inventory, you are technically watching lent out shares be depleted from the inventory correct?" +Him: "Yes, and American TD will shut off all lending, when the inventory runs low, to a point of inflection." +Me: "can you disclose the inventory from beginning of CS transfers to now? +Him: "Sorry sir, unfortunately we cannot disclose this information, but it will run out eventually due to Direct Registry" +Me: "Technically then, being the big institution you guys are, it's likely you can calculate, on average, the time frame left for those shares in inventory before they're depleted, which means the time frame that keeps being mentioned, roughly equates to when those shares will no longer be able to be lent out, as the float will be locked up in Direct registry, correct?" +Him: "that is correct.." + +So yes, that average 3 week timeframe that we keep hearing, brings us roughly to October 18. They know how to calculate how many short shares will roughly be left in inventory before American institutions have to stop lending completely and begin buying back. + +Reminder this is for TD ONLY, I wonder what other institutions are doing? + +Edit: Shit, I'm hoping someone saved the rest of my post from yesterday, looks like I accidentally fat finger deleted it. +Due to personal reasons, I may move to Spain with my family, from Germany. I believe my employer will not mind this. There are a few tax calculators for Germany and Spain so that is easy to compare, but how do costs to the employer compare? Such as social security, pension funds, and so on? +Hey guys, I live in the Netherlands I am 26, full time employed, single and no debts. + +Currently I only spend for rent+bills, food, health insurance and that leaves me with 68% of my salary in savings at the end of the month. + +Now, I wanted to get a car, which is more of a hobby than a need (I like to drive). After paying for a car (everything incl. fuel) I would have 45% left in savings from my salary at the end of the month. + +My question is, is that a good percentage? What percentage are you guys aiming for? +I'm preparing to leave my current company and jumped on our 401(k) provider's site to check out my balance. I saw "40% Vested", and thought that seemed low since I've been full-time for almost 3.5yrs. Talked to HR and accounting both and they said, "Yeah, we have a 6-yr vesting schedule and don't match anything if you're here less than 2 years. So 40% is right, it isn't great." + +I pulled the plan agreement from our plan administrator's website, I kept calculating 60%. Pushed on HR more with specific screenshots from the plan, my date of hire, etc. Finally they reached out to our plan administrator and during the transition to the new plan administrator, they miscalculated my hours worked and short changed me an entire year, which was the difference between 40 & 60%. + +Took me 2 hrs prob total, but I can tell you that if you look at the difference, those were 2 very valuable hours. +Hey guys, +I've always had a strong work ethic. I haven't had a day off sick in 8+ years. The company I work for has given me great recognition and progression over the years. My investments are strong, my FI is exactly where I need it to be in a plan that has been in the making for nearly 5 years. I work really damn hard but what I get back in return feels like a cheat code to life. Sensible decisions and good income has me feeling really good about where I am. However, family have talked about burnout and their concerns surrounding it for years. I never listened, no such thing, I thought, just something that unmotivated people spout as an excuse to not have to work hard. I'm beginning to feel like I was wrong and I don't know what comes next. I am finding myself constantly tired but constantly wired. For a while now I've found myself questioning reality (if I go food shopping with my wife and we get separated I begin to wonder if she even ever existed, if I do anything out of routine I don't know if I've imagined it or if it's actually happened, crazy shit like that). No amount of sleep is enough. Here's the rub though, If I hold out another month or so I will hit the next peak in my career and start getting a true slice of the pie, if I hold out another 5 months my mortgage is paid off. I am so close but I'm starting to become concerned. + +I don't know what advice I'm really looking for to be honest, I've worked too hard to pump the brakes at the finish line but at the same time, I'm really starting to have a new understanding for the term burnout. + +Advice, criticism, whatever welcome. +Cheers +Long time lurkers first time poster. I've had goals of FIRE for some time now but no idea how to get there. I was recommended this subreddit some time ago and have really learned a lot from you all posting. + +Weather it's the discussions about a certain topic or the flat out introduction to investing 101 all of you have provided great insight into this world for me. + +Because of your advice I've done the following, cut my daily expenses maxed my savings, boosted my credit score. I now have a nice HELOC loan that will be more than enough to cover my bases for real estate investing. I'm looking at deals every day and talking with other people in this world. +In 2011-2012, I invested in 14 properties in the Detroit suburbs. Buy, rehab, rent. Long story short, amazing investment for about 2 years and then everything fell apart as my property manager was a crook. I exited the properties over a one year period. It was a nightmare. Despite everything, I ended up making a 97% profit on my initial investment after 2.5 years despite making a TON of mistakes. + +I've always thought about how well this investment could have done if I knew more. Am I crazy to think about investing again in Detroit (or a similar area with low property values)? I should mention I have a sizable portfolio of REITS and private real estate investments that have in general performed very well. +31 F single with a dog. Never made more than 45k annually. No family money (e.g. I'll never inherit anything or get help on a down payment). 7k left on student loans. Car about to crap out. Renting at about 1k/month and living in a rapidly gentrifying area. Housing market here is bonkers. +50k in 401k. No employer matching. 20k in savings. Absolutely exhausted and feeling hopeless for the future. Can I ever retire? Get a house? Live not in a state of financial precarity? If so, how? +Ladies and Gentlemen, + +Lately there seems to be a really strong hate towards those who dare to suggest that the price might go down, or that it's a good idea to sell or short Ether. I feel confident in saying that we ALL hope and believe that Ethereum will rule this space in a near future. In my mind there is no doubt, but that doesn't mean the price will not take any dives or even be dumped from time to time. It's a natural cycle that all crypto currencies go through continuously to establish 'the correct' price. For some people this is a great opportunity to turn a profit and there should be room for this too, here in our *trading* sub. + +Could we please allow for people to have opposing opinions without showering them in downvotes or publicly mocking or ridiculing them? It's not helpful at all and it doesn't further the course of Ethereum or the price of Ether. It's absolutely crucial that we allow objective price discussion. + +While many people here are die-hard hodlers and like to preach the mantra of hodling and moon, some people are actively trading and it's not your business to tell them they are 'gambling' or going to get rekt and that you will laugh when they do. Wtf guys? + +Personally I'm extremely bullish on Ethereum and have been since I first read about it. But that doesn't mean I believe the price will continue to go up forever without any corrections, [and neither should you](http://i.imgur.com/MBiDmTv.png). If you're a long term hodler, this shouldn't really concern you too much, but could we please allow for active traders to discuss selling and shorting? + +It's possible that what we see is a very vocal minority and this sentiment doesn't represent the entire sub, but it's very telling when old-time subscribers and solid contributors announce they will be leaving the sub due to the nauseating attitude of the comments in the Daily Discussion thread. + +I like moon memes and dreaming about my lambo as much as the next person, but could we please try to keep it real? + +Thanks. +Last month my wife booked a room at a hotel in Portland OR for this past weekend. She prepaid the booking because it gave a nice discount on the room. When we arrived the hotel doors were locked, and a security guard came out to tell us the hotel had been closed for almost a year. He said he didn't understand why bookings keep happening, and that his job was basically telling people that walk up that the place is closed. +We immediately got on the phone with the customer service line and they said they couldn't refund the charges without confirming with the hotel. They put us on hold and tried to call the hotel, and then told us nobody was answering. (Right, because the place is closed!) +They continued to say they couldn't refund us. We asked to speak with a manager or supervisor, and they said a supervisor would call us back in an hour. That call never came. +I figured the people who have the authority to refund the charges might be more available on Monday, so we enjoyed our weekend at a different hotel and tried to call on our drive home. Again, no help from the call center rep, and another statement that a supervisor wold call in 2 hours. And again, no call back. The next day I called one more time, was told that there were no supervisors, and that I would need to wait 48 hours for someone to call me back from a different department. At this point I also emailed a hotels.com rewards member help address, and received an auto-reply that someone would contact me in 48 hours. That was Tuesday morning and now it is Thursday night. No calls, no email, no refund for a hotel that isn't open for business. +I figure that my only option is to dispute the charges with the credit card company. Any other ideas? + +Edit: Thanks for sharing your stories of also getting hosed by third party booking sites, and confirming that disputing the charges is the way to go at this point. +I moderately shop at Target and pay off most credit cards on time. How do you folks feel about the Target Red card? Is it worth it? As compared to the price Walmart/Krogers/Jewel/Safeway offers without their credit cards? +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. +[https://www.reuters.com/markets/currencies/global-markets-bis-urgent-2022-12-05/](https://www.reuters.com/markets/currencies/global-markets-bis-urgent-2022-12-05/) + +I read the report and I'm little confused. Can someone ELI5 ? + +So we have offshore blindspot debt of 80 trillion in central bank of all central banks of the world. How will it come back to bite US economy? Will it be like if a credit union outside of US goes bankrupt and that affecting US financial institutions? + +Thanks for the answers. +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! + +Apologies if this has been asked before, I'm just looking for some perspective as I'm turning 20 soon. + +If you were just turning 20 again, what do you wish you could have done differently? + +Do you wish you had saved more, or spent more to enjoy nicer things while you're younger? + +And how much time you put into your career, do you feel it was a waste or do you wish you had worked harder? + +Do you regret moving out at the age you did? + +Obviously I'll take everything with a pinch of salt, I'm just curious. +Correct me if I am wrong, from my understanding, the way hedge funds do it is that - they have access to huge amount of data (not necessarily related to finance but perhaps might affect price of the asset). + +They do mathematical transformations on the data if need be - then find correlations of it to returns of the asset and trade based on the correlation. And after that, of course they have to do house keeping stuff like determine position sizing and hedge with derivatives etc. + +Us retail traders, we only have access to perhaps price data (OHLCV). Is it feasible for us to find statistically significant anomalies to exploit on price data alone? + +If not - what feasible strategies could retail traders employ? +Finally have something giving me decent results... a few hundred box here and there. Also was able to reign in some decent risk management for the last few weeks. It's ALIVE!!! + +That aside this is the typical timeframe one looks at and I am a CS MSc holder with math and about 25 years of work experience and maybe 20 interested in deep learning algos: + +1. Started my first algos in the 1990s +2. Worked for a stockbroker for a few years +3. Endlessly learning new things i.e physics/engineering etc... and a lot of academic papers reading as well as books on the most esoteric AI strategies. +4. Took the SIE etc... +5. Still lost money no matter what math or strategy I tried for intraday. +6. Finally realized after 2 decades what I am really up against. Like the stuff no one teaches you anywhere and what really happens intraday with countless infighting of algos and large institutions and their HFTs. +7. Made 80% of the breakthroughs and improvements in the last 2 years. This may include novel discoveries as I don't see them mentioned anywhere. In the process could apply what I discovered to other fields, like physics. +8. Testing and squeezing the $$$ intraday took a good 100+ hrs of work per week for sustained months on end. + +This is what it takes to build a system... that doesn't lose you money. And maybe if you're really really lucky, make you some. + +There is no quick rich scheme or solution. You will be out there against systems created by large investment firms and hedge funds. +I'm looking to be promoted to the highest tax bracket and would like advice and tips on I should be doing ? + +Edit- thanks everyone for commenting, my summary is: +1. Nothing really changes other than a few more luxuries +2. Tax hurts more +3. Always look for ways to reduce taxable income! +I keep seeing comments on new posts saying that all employees at BCG are crooks and need to be doxxed. Dafuq?!? This is literally how lynch mobs start. + +Not everything is a grand conspiracy. Not everyone is plotting against you. BCG’s employee turnover is so quick that some employees barely have an opportunity to understand what they’re doing, let alone make any kind of meaningful moral judgement on their work. That’s how it is with a helluva lot of big firms. Yeah, I too think consultants and their expensive firms can go lick a butthole, but I am absolutely against targeting innocent people because of their passing association with a criminal enterprise. + +We are watching the opening shots of a battle for the ages. Ryan Cohen now has a path to make our case against financial terrorists A MATTER OF LAW. Don’t fuck this opportunity up by giving this movement a bad rap. Have a little grace, do your DD, and take that banana out of your ass - it’s impeding blood flow to your squeaky-smooth ape-brain. + +🦧🌍✌🏻 +Feel free to PM me or post here. + +But I would like some advice on pulling out into FIAT (and yes I'm thinking about it) like we still live in a world where it's controlled by FIAT which means buying things with ETH and BTC is still extremely hard. Although I'll still keep 90% of my earnings in crypto, sometimes I think its needed to cash out. + +So in terms of cashing out 100k+, how did you deal with taxes, what bank do you have, and is there any complications (like 10k a day on Coinbase is kinda ridiculous) + +I have so many questions just would like more information from those who have done it. + +Again feel free to PM me if privacy is needed! + +EDIT: Speaking for the USA +Wikipedia says it is considered a perfect tax. I suppose because it encourages the usage of land, is tied to a scarce and limited resource, etc. + +But how does it fall out in practice? Does it make for good policy? Why aren't the costs be passed onto tenants (which I have read elsewhere)? +So US Government decides to increase yield on bonds , reduce reckless money printing and a bunch of other decisions that will eventually make stock investors move a lot of their money from stocks to bonds. Basically stocks become kind of a risky and uncertain assets while bonds become the opposite, safe haven, almost zero risk and guaranteed yield. That will eventually crash stocks/sp500 and so on. Understandably this means all huge institutional investors will take their money out of BTC. At best we are expecting another 2-3 to 4 year bear market before markets start to recover. BTC may as well go 10k under easily and stay there for a long time. + +On the other hand Jeff Booth and Greg Floss may say that government can reduce money printing and improve bonds yields but that's just temporary and eventually they will have to start printing lots of money again to avoid stock markets to crash because nobody wants that. Also they may say inflation is going to get worse and worse due to the money printing and the best bet against inflation is Bitcoin. + +But my opinion is that Bitcoin is not dependant on reddit users/bitcoin forums/youtube gurus etc. It's dependant on the big money! And big money is controlled mostly by people who consider BTC a very risky asset! (of course with the exceptions of Saylor, Cathie Wood and the early BTC Whales who have diamond hands for lifetime) + +So I'm thinking who exactly is going to put a lot of money in Bitcoin in a market crisis where stock are going down by 50% and more in a couple of weeks/months. Who is going to risk it? Also is US Government really able to prevent another mega stock market crash? Nasdaq Composite Index is currently at all time highs up around 600% from 2010! + +Let's discuss this topic until we figure out every possible scenario! +**Target is an Online Big Box Juggernaut** + +Target is a big box store that I am sure many of you visit and shop at frequently. Target in recent years has shifted to a hybrid approach to their business strategy where they not only sell items in person but online. Target is currently down 17% from their all time highs that they had in November of 2021. Target is currently sitting at an attractive 16.71 PE ratio while the average PE ratio for the SP 500 is 26.59. Looking at earnings you would think that TGT is undervalued but let's dive deeper since PE ratios don’t tell the whole story of a company and can be deceiving. TGT has beat quarterly earnings for the past 10 quarters which suggests that analysts remain bearish on the company. + +**Let's go shopping** + +Since Target launched their same day delivery services in 2017 their EPS has grown from 5.01 to 10.26 current day. Target has also found ways to interact with their shoppers when they introduced Target Red in 2018. Target Red allows shoppers to earn 5% off their Target purchases but the interest rates are 23% on their cards and allows Target to collect data on their shoppers. To be clear TD Bank of USA manages the credit cards and Targets main benefit is the data collection of their customers. + +**FUNdamentals** + +Debt:**10.64 B** + +Free Cash Flow:**7.88 B** + +Div Yield (FWD): **1.63%** + +Annual Payout (FWD): **$3.60** + +Payout Ratio: **27.17%** + +5 Year Growth Rate: **6.38%** + +Dividend Growth: **53 Years** + +Target has a low payout ratio at 27% which gives plenty of room for the company to continue to increase their dividends. With the average yield for the past 4 years being 2.54%.Their last dividend increase was in 2021 when the dividend was increased by an insane 32%. I personally am a dividend growth investor. The growth of Targets dividend has been impressive and wildly slept on by many investors. There is plenty of security with their status as a dividend king (50+ years of dividend payments.) The dividend growth rate gives young investors with long investment horizons an attractive compounding interest, even with the yield sitting at a low 1.63% your yield on cost will grow exponentially if you hold this company for 10-20 years. + +**Past doesn’t make the future a guarantee but it can tell the story of where a company is heading** + +&#x200B; + +https://preview.redd.it/icviqrqydbc81.png?width=1183&format=png&auto=webp&s=4d71e0a1bd8beced1f01cd82b2231fc8610abd21 + +Here is a retrospective look from Jan 2007 before the housing market crash when the market was on a strong bull run. I picked this time period because it’s not a cherry picked low for the company but a high that took over 5 years to make any gains on your investment. A $1,000 investment would have increased to a whopping $4,142 in gains ($5,142 in total) at the time TGT was paying $.14 quarterly in dividends $.56 yearly to now $.90 quarterly $3.60 annually an increase of 642% over a 15 year period averaging a 42% per year dividend increase over the past 15 years. + +**Risks** + +Back in 2020 when the pandemic first started TGT saw their earnings go to almost 0 where the economy was paused but they have quickly recovered and have little to no current risks. One could possibly argue debt to cash flow is a bit high but they can easily pay it down. They are a growing company so it is to be expected that they leverage their capital to continue to expand. With Covid-19 being a non factor to Targets business there are few threats to this company. + +**Plop your money here and forget it** + +My investment thesis of target is it is currently at a discount, if the company was valued at market average it would be priced at $351.11 a 26.5 PE average. With the market being so expensive currently Target offers great value for a consistent/growing company with strong fundamentals. Target should easily be priced around +$300-351. I think Target is one of the highest quality companies in the world with many of its shoppers highly dedicated to shopping there. They continue to beat expectations and return growing dividends to their investors sets investors with a company to buy and hold for decades to come. TGT has continued their share buybacks which further increases the capital appreciation to their investors. Combining the dividend growth and share buy backs this company is a long term play. Target has the honey to attract the bees it’s only a matter of time for investors to come to their senses about this company. + +Disclaimer: I do own shares of Target and this is not financial advice and only making my own investment thesis public for others to read. + +I look forward to reading your thoughts on Target +**Deleted the prior/reposting because apparently I'm an idiot and can't manage to type a full title.** + +Note it looks like this behavior is no longer happening but it would seem that in the whole realm of payment for order flow Robinhood erred too hard on the side of accepting payment and not hard enough on the side of looking for price improvement. + +They've retained a consultant to ensure this isn't an issue going forward but it would seem to be vindication for those that complained about RH's execution. + +https://www.finra.org/media-center/newsreleases/2019/finra-fines-robinhood-financial-llc-125-million-best-execution + +>FINRA found that for more than a year, Robinhood—which offers its customers the ability to trade in equity securities without being charged commissions—routed its customers’ non-directed equity orders to four broker-dealers, all of which paid Robinhood for that order flow. This arrangement is known in the brokerage industry as payment for order flow. + +>FINRA Rule 5310—Best Execution—requires firms to use reasonable diligence to ascertain the best market for the subject security and buy or sell in such market so that the resultant price to the customer is as favorable as possible under prevailing market conditions. FINRA member firms that route customer orders away for execution can satisfy their best execution obligations by conducting either an order-by-order review of execution quality or a “regular and rigorous review.” FINRA Rule 5310 enumerates a number of criteria for firms to evaluate in these reviews. + +>During its reviews, Robinhood did not reasonably consider the Rule 5310 execution quality factors (such as price improvement) that the firm could obtain from alternative markets. Instead, Robinhood’s Best Execution Committee materials focused only on the execution quality of its pre-existing routing destinations, all of which paid Robinhood for that order flow. + +It should be noted that 1.25MM is pretty tiny. +in my years of participation in America's workforce, I've held over 20 jobs (yes serious). up until now i thought my choices to change so frequently were solely about money,however, I've come to new realization. i change so often because I'm bored and angry. bored with performing the same monotonous tasks in same damn office chair. angry because i refuse to belive or accept that we were placed on this earth to slave away waaaaay to many hours of our lives instead of being able to focus on family, person growth, spirituality or anything else. the minute i slide my damn time card into that dreadful machine every Monday morning I'm in a emotional slump until the time i slide it for the last time in the week on Friday. I'm not lazy, but the work I've performed so far has only helped the guy at the top's pocket grow bigger and now it's time for me to grow my life not my boss's. + +it's not the money system i desire to escape from necessarily, but i no longer want to feel boxed in and controlled by it. i don't want million dollar rooms in a billion dollar mansion, but i want to live nicely. i just want security for my family when I'm elderly but until then i want to be able to see the world with my family when i want, not when my employer has open availability that week to put in for time off. i want to spend my work hours at home growing closer to my son and other other children that i have with my lady in the future. + +when it comes to financial endeavors i mostly feel afraid that I'll never achieve my goals because it seems everything worthwhile as a means to achieving FI requires some sort of capital to begin with. lemme tell ya folks, i don't have capital nor am i from a family whose roots are attached the trunk of a money tree. + +my questions to you people today are can you guide me to any books or resources for guidance, direction and inspiration? strategies? +I'd like all the usual stuff like low fees, a nice UI, reliable, etc but also convenient to get £GBP in and crucially out. I have Crypto.com at the moment but you have to get money out in Euros which is a pain. +Looking at Nintendo's stock price, it peaked in peak Wii, 2007-11. The switch is set to become more popular, the holiday season is coming, they are about to launch in Brazil, and they are yet to launch some very significant titles - Metroid and the sequel to Zelda. + +Looks good, right? +Hi all,  + +My first time potentially buying a property. Looking at buying a 2 unit Multi-family, and plan to live in the 1 bed unit and rent out the 3 bed. Currently, the one bed is vacant while the 3 bed is occupied. The tenant has been there 10+ years, is on a month to month lease, and paying $1450/month including utilities and garage parking. Market rent conservatively puts this at $2100 a month so they are well below market. What are my options?  + +Right now I believe my options would be to: + +* Put a vacancy contingency in contract/offer and then find a new tenant once it becomes mine +* Raise rent slowly up to market value (risk pissing off tenant right away, losing a stable 10 year tenant, etc) +* Raise rent right away to at or near market value (Definitely risk losing/pissing off tenant) +* Come to some agreement with tenant (repairs, parking, etc) + +Will the tenants being there for 10+ years mean anything in regards to squatters rights? Just a random thought I had. Any advice is welcome. Also, how much information can I ask listing agent about this scenario? Am I allowed to ask to see lease, why they are so low, questions like that before I have made offer? I have been pre approved for financing as well. + +Additonal info:  + +Property is listed for $525k. + +I have my real estate license, but have not done any deals besides 1 apartment lease (got it through work as a side/adjacent type gig. Main job is in Construction Management/Real Estate Development, and I am only 23 so apologies if this is a naive question) + +Vacant 1 bed is on Zillow for $1850 currently.  +Recently had a family member pass away and my daughter is set to receive anywhere between 15-20k. I wanted to invest this money into an account for when she turns 18 years old that she will have a head start in life. + +I grew up in a family that did enough to make it but never got investment idea’s or any money gifted to me to have a solid plan for her future. + +Could someone point me into the direction for her benefit in 17 years? + +Thank you for any advice. It’s appreciated. +Hi Reddit, + +Around 3 weeks ago someone logged into my Wells Fargo online banking and used bill pay to send a $19,000 check fraudulently. I noticed this 3 days later and immediately contacted Wells to make a claim. Today they sent me a letter denying my claim, telling me that they believe the transaction was made by me or someone authorized by me. I am currently out all my savings and it looks like the bank doesn't want to do jack to help me. What should I do next? Get a lawyer? + +Update- Thank you for all the responses everyone, sorry I have been unresponsive. So far I have submitted a police report and CFPB report. All my important logins and whatnot are now secured with 2fa and strong passwords. + +Update 2- I'm seeing a lot of comments advising me to close out my Wells Fargo accounts. Trust me, that is the very first thing I will do as soon as I am reimbursed. + +Final Update- I got my money back today (7/30). CFPB claim worked out, I will be switching banks on Monday. +Today at great risk to my life, sanity and internal organs I met u/letsburn00 the mod. I survived with only minor psychological problems, all of my organs and 3 complete testicles. I attribute my success to misdirection, min maxing stats and copious amounts of personal lubrication. Ask me anything. +I actually made a post earlier today talking about how close I was to being a whole coiner. I was using leverage to try increase my position and was very dedicated to making it. Instead of people wishing me luck and supporting me taking the risks I essentially got shot down and mocked so I just decided to delete the post but I have 1btc now anyway so yay :) +Alright Ape-aroonies, + +My tits are jacked seeing the sub begin to discuss options as a strategic investment. As we prepare for market open Monday, I wanted to provide some historical context to how leveraged the shorts are right now, how options are contributing to the price action, and discuss a few scenarios that could play out next week. + +# How did we get here? + +We are fairly certain that the highlights of the GME story goes something like this: + +1. Hedgies short the ever-loving fuck out of GME before the sneeze +2. The OG sub smelled blood in the water and pounced by buying hella shares and YOLOing their 2nd mortgages on 510c weeklies. +3. The market makers and shorts doubled down, didn’t hedge their options contracts, and shorted more +4. Risk exploded, they started hedging, buy button shut off to prevent market wide rolling bankruptcies. +5. Melvin et. al. stuffed their shorts into volatility derivatives +6. The forwards, futures, and options used to hedge these volatility derivatives created weak points around expiries, leading to the cycles we have seen up until now. +7. Most of those volatility positions expired in January 2022, at which point the shorts started cracking ETF baskets to short GME (XRT still on reg sho threshold list), dipping into the borrow pool once again, and slamming the price with ITM puts. +8. They have currently hit a new weak point. It’s not clear yet what it is. It could be simply this month option expiries were more intense than previous OPEX dates. It could be that a lot of ETFs rebalanced last week (which is now complete). It could be FOMO from the GME board buy ins. It could be all of these, or none of these. + +One thing is for certain: the current battle is happening on the options chain, and last week the shorts failed to win the battle of $150, causing a massive amount of call options to close out the week in the money. + +# How fucked are they? + +I have been tracking the effect of the options chain on the price of GME for a number of months now. One of my primary metrics I use is something I call the “relative delta strength” (RDS). This metric is pretty simple. I multiply the delta of every contract on the chain with the chain open interest, and sum it up. Calls have positive delta, and puts have negative delta, so if the chain delta is perfectly balanced, the sum would be zero. I then add up the total absolute delta on the chain, and divide the previous sum to normalize it between -1 and 1. So an RDS of -1 means that all of the delta on the chain is from puts. An RDS of 1 means that all of the delta on the chain is from calls. You can go through my profile to look at some of the analysis I have done on this in the past for those that are curious. Anyway, here is what RDS looks like along with the price of GME. + +&#x200B; + +[RDS and GME Price over time](https://preview.redd.it/er89s0ppoyp81.png?width=1164&format=png&auto=webp&s=9d100cfed34399178a37441f756e377ba72f6c2a) + +Further, if you look at the change in RDS from one day to the next, the increase in RDS on March 22, 2022 is larger than any other daily change since the beginning of 2021 except for the run on Feb 24, 2021. Yes, the change in RDS we just experienced was LARGER than the change that occurred before the Jan 2021 sneeze. + +&#x200B; + +[Change in RDS over time](https://preview.redd.it/6xh3aidsoyp81.png?width=840&format=png&auto=webp&s=f92234dab988ebe3b7e4d61d8d110e47f7b40a37) + +I want to provide an update to another graphic I developed before, which charts how the price of GME tracks with RDS over time. As is evident from the animation below, very large jumps in RDS often precede a major price run, and we are currently sitting outside of what I call the “controlled hedge zone” where the shorts typically have great power to control the price. + +&#x200B; + +[RDS vs. GME price over time](https://i.redd.it/3itkivsypyp81.gif) + +So from the standpoint of the options chain, everything is PRIMED for liftoff. The RDS is currently at 0.7 as of close on Friday March 25, 2022, and is still at 0.66 even when removing all of the contracts that expired that day. Here's the current status once again so people don't have to watch the animation over and over to see it. + +&#x200B; + +[RDS currently sitting at 0.7 \(0.66 removing expired Mar 25th contracts\)](https://preview.redd.it/89qxkfx7qyp81.png?width=840&format=png&auto=webp&s=4b1a3c504fadfc1b3eeadb45def8d2d6da06b07b) + +# So what happens next? + +This is not financial advice, and I am not a mind reader. I think we all have seen enough rug pulls so far on this stock to always expect one just around the corner. Let’s develop a bull case and a bear case. + +Bear Case + +A lot of the shorting on GME occurring over the last few months has been through ETFs. If this run was caused by the ETF rebalancing that occurred last week, then they may be able to regain a foothold on their shorting strategy now that this rebalance is done. There is also evidence that they are still hedged on volatility, in which case they may simply be using this run to achieve their desired volatility, only to bring it back down once they have enough up. The current call buying frenzy could die off, as it did during the January 2021 sneeze, allowing the market makers to de-hedge and set off major selling. + +Bull Case + +Even though the ETF rebalance is complete, XRT and other ETFs containing GME are still on the REG SHO threshold list, meaning those ETF shorts being temporarily closed was not the reason for the current price rise. Their volatility hedge could be a much smaller portion of their GME short hedge than last year, meaning they are more vulnerable. The call buying frenzy could continue into the next week. If it does, tendies could rain down and the shorts could get squeezed. + +So what can people do during this phase of the process? As always, hodl your shares either in a cash account with a reputable broker or directly registered with computershare. If you have cash and little appetite for risk, you can always buy more shares. If you have cash and a lot of appetite for risk, you can buy far dated options with significant delta (0.2-0.4). If you are a member of the OG sub and you haven’t already YOLO’d your 2nd mortgage on 510c weeklies, now’s as good a time as any to begin bankruptcy proceedings. + +Lentils or Lambos, see you on the other side. +They’re cutting further to maintain price stability, but it’s causing them to loose market share like crazy to competitors like US shale producers. + +https://twitter.com/stuartlwallace/status/1145232557841272833?s=21 +https://www.youtube.com/watch?v=rvskMHn0sqQ + +It acts as more or less an overview for what the modern post-industrial economy is. Comparing it from a zero sum game of yore to now a positive sum game where we want everyone to be as well off as possible. How accurate are its claims? +I'm looking for the name of the law that states that when an actor needs to make several consecutive decisions (e.g. spending another euro, working another hours) he/she should spend that on the choice that gives the most utility. + +(My situation applies specifically to an organisation that aims to improve a public good, if that makes any difference.) +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. +Coinbase were planning to go live with their lend feature in a few weeks and has reached out to the SEC to give them a friendly heads up and briefing. + +SEC responded by telling Coinbase that the lend feature they were to supposed to go live with is a “security”. + +“Ok - seems strange, how can lending be a security?” Brian Armstrong remarked. + +Coinbase asked the SEC to help them understand and share their view. SEC instead refused to tell the reason why they think that lending is a security and instead subpoena a bunch of records from Coinbase, demanded testimony from Coinbase employees, and told Coinbase that they will be suing the company if they proceed to launch the lending feature, with zero explanation as to why. + +For those who wants to check Brian Armstrong’s full statements, you can check them [here](https://mobile.twitter.com/brian_armstrong/status/1435439291715358721) + +Now what do you guys think? + +Edit: First was Ripple, then Uniswap, and now Coinbase. Considering how long the Ripple case is taking, just imagine how long it would take to finish if the SEC were to come after each Exchanges and Companies that deals with crypto, one by one, just imagine. +How the housing market is doing in your city ? (stable ? Going up ? Going down ?) + +I live in Quebec city and the market is still going up a little bit. For an average bungalow who might need a little love you will pay approximately 300k and for everything a little better than that its 400k and up. + +Im curious to know what is the situation in others similar cities across the country. + +Thank you +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) +Car was sideswiped by a drunk driver in a stolen car and totaled. Insurance offered me 8.5k . I declined . I asked for 10k. Insurance came and took the car. My policy is still active because they recommend “ I keep it” for now. So I’m still paying for insurance for a car I don’t even have . Plus it’s been almost 2 weeks and they just ghosted me. The only time I get a response from my adjuster is when I write first but lately she’s just been ignoring that too. I’m they have 30 days by law in my state but Jesus, are they really going to wiT until the last possible min? Also NEVER GET ROOT insurance . You get what you pay for. They’re understaffed af and if you thought you were gonna get a speedy settlement I got some news for you. + +So my question is, does it normally take weeks? We obviously already know who’s at fault. So what’s the hold up + +Update : got offered 8700 and took it. I need a car now, I don’t have time to go back and forth +Michael Burry posted a link to this article in a tweet but I think it's worth reposting here (it's worth noting he didn't write the article but merely linked to it in his tweet) + + +> During the last forty-four years, my days have begun and ended with the mortgage market. Four painful moments stand out. Today makes five. (There have been many more good days, but even the Fairy Godmother has her limits.) +> +> Mortgages are covered poorly in financial press, as stocks and such are much more entertaining. Today’s events still unfolding will take days for good coverage. Freddie’s weekly survey will not discover today until next Thursday. But the MBS market is real-time, not like old, sleepy S&L days. +> +> The CPI news this morning was so awful that it changed the bond market’s view of Fed trajectory, and the weakest sector broke. In bond jargon, MBS went “no-bid.” No buyers for MBS. Then a few posted prices beyond borrower demand, not wanting to buy except at penalty prices. Overnight the retail consequence has been a leap from roughly 5.50% to 6.00% for low-fee 30-fixed loans. +> +> The physics of collisions... the second one does the harm. When your car hits a telephone pole, no problem. Then, after a slight lag, trouble comes when you hit the inside of your car. Same thing in football: helmet on helmet is all-okay... until your brain hits the inside of your skull. +> The same physics govern housing collisions with mortgages. At the new year mortgages were still three-ish. In February, four. At the end of March, five. May, five-and-a-half. Historically, a two-percentage-point rise from cyclical trough has iced housing, the freeze underway a month ago. Now up by three points, and _double_ January. +> +> The pause in housing between the first collision and second is elongated because of human nature. Someone desperate to buy a house is still desperate, and modestly relieved to buy even at a higher price and rate so long as not forced into an unlimited auction. Now it’s time for Wile E. Coyote in his Acme sneakers, running off into thin air and all okay until he looks down. +> +> Looking down... MBS are such a weird market that other markets have not processed what is happening. Stocks are down 2% today, but would be down a hell of a lot more if considering what a full-stop to housing will mean. +> +> Another marker of MBS distress: the 10-year T-note had held 3.00% since April, the important top in 2012 and 2018. Trading 3.05% yesterday, now 3.20% -- retail mortgages jumped *triple* that amount. The 10s/mortgages spread today is almost 300bps and double the 10s’ yield. Inconceivable. The Fed telltale 2-year T-note had held 2.70% since April, 2.85% yesterday, today 3.05% adding only one more .25% hike to the 2-cast, which is not enough to explain MBS overnight. +> +> **Today’s CPI Trigger.** Markets were braced for a bad report, but not this. Overall CPI jumped 1.0% in May. Any thought of deceleration... ka-blooie. CPI 8.6% in the last year, accelerating under pressure from Ukraine energy dislocation. +> +> Many observers this morning say that the CPI news is so lousy that there is no point in looking at the details. Wrong. From the onset of Covid to Ukraine, our inflation problem was supply chain, mostly manufactured goods. Since Ukraine, it has shifted to energy. +> +> Different elements of CPI have different weightings, which conceal the effect of energy in a crisis like this. In May the energy index within CPI... up 34.6% in May alone. In an event like this, the notion of excluding the high-volatility “core” is meaningless. +> *Everything* requires energy. The uppers and soles of your Nikes are fossil fuel. Food has its own Ukraine issue, but energy is the problem, from fuel to fertilizer. +> +> Oil was $75/bbl pre-Ukraine, then held just above $100, now $120. Natural gas from normal $4-$5/mbtu... since Ukraine $9. The May increase in fuel oil, $16.9%. May utility natural gas, up 8% in the month. You can see component-by-component, month-by-month CPI here [BLS](https://www.bls.gov/news.release/cpi.nr0.htm) Table A. +> +> **Those Other Four Moments...** +> +> 1. 1979, Saturday of Columbus Day Weekend, Paul Volcker announced that the Fed would allow the cost of money to float as high as necessary. Mortgages 11% on Friday, on Tuesday after the holiday 13%. However! That was 15 years into entrenched inflation, oil ten times as expensive in 1979 as 1972, and our economy just beginning energy conservation and new supply. All incomes ramped right along with inflation. The US economy was a “things” economy, with little overseas competition for union-heavy US labor. +> +> 2. 1994, February... the cost of money coming out of recession 1.00%, by year-end 1994 to 5.25% -- but in a disinflationary world, the cost of money was one-half the cycle peak four years before. 1994, February to May, mortgages from 7% to 9% -- that magic two-point rise flattened housing, and the Fed had to cut in 1995 to dodge recession. The new mortgage peak, stabilizing near 8% was down from 11% in 1990, and we enjoyed a genuine and rare soft landing. +> +> 3. 2007, July... you had to be deep in the mortgage racket to understand the first collision. Subprime and Jumbos went no-bid, and stayed there. The Fed was slow to understand the credit panic, began frantic cuts the following winter from 5.25% to 2.00%. But mortgages did not respond, stuck above 6.00%. +> +> 4. 2008, July... the no-bid expanded to all mortgages, even government guaranteed. The 10-year T-note anticipating recession and worse fell to 3.50% while retail mortgages rose to 7.00%. That 350bps spread is the closest comparable to today’s 300bps. +> +> **Now What.** At Thanksgiving 2008 the credit markets (all markets) were rescued by Ben Bernanke’s genius, announcing quantitative easing -- buying enough MBS and Treasurys to unlock markets in which all had been afraid to buy. +> +> Today... is it a coincidence that MBS have blown simultaneously with the Fed’s flip from QE buying to allowing runoff and threatening to sell? The weak break first. MBS are weird, and weird under stress is weak. +> +> The Fed has had a plan, Powell becoming more concise each day: We will raise the cost of money until inflation comes under control. “It is our job to calibrate demand to supply.” A good, tidy, sorta mathematic way to proceed. But destruction of demand has limits, and this morning we hit one. +> +> In today’s US, nobody is prepared to deal with inflation as it has developed in the last 90 days. Inflation can drop and even stabilize above the Fed’s target, but the world is only three months into finding alternate energy for Europe’s oil and gas imports from Russia. Including natural gas, something like 15% of the world’s energy supply has been dislocated. +> +> Perhaps half will quickly be redirected. India and China are buying at a deep discount from Vladimir, which makes available much of the supply which those two used to buy elsewhere, Europe lining up. But Russian production is already suffering, a net and permanent loss. Alternate supplies require alternate delivery, gas especially tough -- absent pipelines, all gas deliveries are dependent on scarce LNG ships and terminals. Coal normal, $50-$100/ton... today $395. +> +> In this circumstance, the Fed’s demand destruction has all the wisdom of Xi’s zero-covid. In a rational world, if the party in power in DC were not encumbered by climateers, we would turn on the hose, take every step to unimpede production and delivery. Instead of threatening to tax windfall profits, we would offer incentive price guarantees to protect producers from the energy price drop certain to lie ahead. This is an energy problem, not some amorphous inflation amoeba. +> +> Below the 10-year T-note in the last twenty years. In 2018 there were a few days with trades above 3.20%, so in theory 10s have not broken that critical support. Theories like that tend to last a few days. The Fed has to decide how much destruction it has in mind. + +https://www.cherrycreekmortgage.com/lous-credit-news +*EDIT: new form 4 SEC filing supports my thesis that KRTX remains undervalued at its current stage. Board director purchased shares at $69-70 this past week* + +This is crossposted from my submission to wsb + +Xanomeline is a drug proven in prior phase 2 studies by Eli Lilly all the way back in 1997 to be very effective in treating psychosis in Alzheimer's and Schizophrenia patients. However, it was dropped due to unwanted side effects from its muscarnic agonist effects (parasympathetic things like vomiting, salivation, diarrhea etc.). But, drugs do exist that are antimuscarinic, but don't cross the blood brain barrier to cause CNS effects (like benadryl makes you drowsy). You could theoretically combine them together to counteract the side effects. Trospium is one such drug; so, Karuna therapeutics was formed in 2009 to combine xanomeline and trospium as KarXT, and study it in schizophrenia/alzheimer's. + +Phase 2 topline results were released in November 2019 and were extremely positive, hitting its primary endpoint. It showed PANSS score at five weeks of treatment was 11.6 point reduction compared to placebo. PANSS is a well validated scoring system to measure reduction of symptoms of psychosis. To compare how effective this is to the best selling atypical antipsychotic that already exists, see the drug Abilify ([https://www.aristadahcp.com/efficacy-pivotal-trial](https://www.aristadahcp.com/efficacy-pivotal-trial)). That drug achieved PANSS reduction of 14.7. So why would psychiatrists potentially pick KarXT over Abilify and similar existing antipsychotics? Because antipsychotics, as dopamine antagonists, have horrible side effects. They can cause disturbing extrapyramidal effects like tardive dyskinesia ([https://www.youtube.com/watch?v=FUr8ltXh1Pc&t=32s](https://www.youtube.com/watch?v=FUr8ltXh1Pc&t=32s)). They can also make you fat, raise your cholesterol. Muscarinic agents like KarXT do not cause any of this and the phase 2 trial further demonstrates: No evidence of somnolence, extrapyramidal side effects or weight gain compared to placebo. + +And finally, of course; the Phase 2 results showed KarXT was very well tolerated as opposed to the Phase 2 Eli Lilly studies back in 1990s. There were similar discontinuation rates between KarXT (20%) and placebo (21%). + +Reward: + +Best case scenario, is compare this to the drug Abilify (aripiprazole) by BMY. They hit 7.4 billion in peak sales in 2011. As the best selling atypical antipsychotic used to treat the same things KarXT is targeting but with far worse side effects, if KarXT becomes a similar blockbuster and becomes favored by clinicians for its better adverse effect profile, then if this shit hits global peak sales of over 7 billion in the future, we can apply a conservative biotech industry average of 3x multiple to sales to generate a market cap of 21 billion. That would take years (like by 2030) but represent 1100% upside to the current price. More realistically, I would expect the company gets bought out well before then. + +Also more realistcally, other actual analysts such as from Citi project peak unadjusted sales estimate in schizophrenia to $4.7B. But, that is for schizophrenia alone. However, if KarXT eventually also proves to be effective in ameliorating psychosis with Alzheimer's, expect the peak sales estimate to climb towards that 7 billion. + +Risks: + +Your investment goes to zero because biotech. + +Financials: + +very solid. After phase 2 topline results, a public offering of 2.6 million shares priced at $96 a share should have added roughly 250 million in cash. Their 3rd quarter 2019 financial update showed cash balance of 161 million and they projected that amount ALONE was enough to fund its operating expenses and capital expenditure requirements into the second half of 2021. This includes multiple clinical and development milestones INCLUDING a Phase 3 clinical trial of KarXT in psychosis related to schizophrenia. So, at a cash pile of 411 million to start in 2020, we should expect a low probabilty of further offerings or dilution to the stock in the near future. + +Tldr: + +&#x200B; + +KRTX is severely underpriced relative to its significantly derisked pipeline drug KarXT. You can observe its stock price has climbed everyday of actual high volume with the big boys buying but has been dumped by MM/algo/panicked retail investors on low volume days. Its public offering price at NINETY SIX dollars a share in November 2019 after phase 2 results means that should be the price FLOOR for this stock at this stage. That is a 33.6% upside to yesterday’s close. + +This stock will take likely another year plus to realize the results of Phase 3 and then FDA submission after that. Perhaps early 2022 or late 2021. +Given how many countries offer a golden visa for some minimum real estate purchase I’m curious if others are seriously considering jumping in now given the strong dollar? + +I have thought about it but never seriously considered it in the past, but with the dollar surging it looks like a good time to reconsider. +I understand that when selling a CSP you should be selling an OTM contract with expiration in 30-45 days with delta around .30, but does it make any logically sense to sell a CSP that is ITM, to collect on the huge premiums from high implied volatility stocks. + +I have a feeling that because the premium is so high due to implied volatility, there is a lot of intrinsic value left in the contract, so it wouldn't make sense for the buyer to exercise the ITM put. Also, if I am assigned on the CSP my premium is so high that my breakeven would me so much lower. + +For example I am looking at HCAC, Feb. 19 2021, $30 strike with a premium of $14.90 and the stock price is $19.00 as of right now. This means $11 dollars of the premium is intrinsic value, and the remaining $3.90 is extrinsic value and my breakeven price is $15.10. + +So if I am to get assigned 100 shares at $30, due to the premium I collected it would be the same as me entering the stock at $15.10. Regardless, does this strategy make any sense or is it beyond dumb and I should stick to selling CSP that are OTM? +I'm new to options trading and planing to implement the wheel strategy. I have a good knowledge base to get started.. but before I do, I just wanted to pick the collective brain here of those who have been successful. + +What are things that you wish you knew first starting out or lessons that you learned along the way? +Hello wise souls of fat fire. Long time lurker here. + +I am looking for some life / career advice. + +I've been the CEO/founder of a deep tech / AI startup in IoT for the past 5 years and I am looking to transition out. The burnout is real. + +I know myself enough to know that if I take time off with no job I will sink into depression. Also not at fatfire yet. Currently I am looking for something to fill the void and recharge. Ideally something lower stress with good working hours. Interested in anything that is not IoT or a startup. + +Background: Mid 30s, married, 3 kids. Current NW $2.5M, partner makes $300K, and we have a side hustle that brings in around $200K annually. Have been taking a paycut at startup making $125K and looking to double that in new role. + +My background and experience is somewhat broad - some finance, R&D, software development, data science. MS in Electrical Engineering, top 3 MBA program. + +Has anyone else been in this position? Any advice on what roles I should be looking for? + +Could use any advice as confidence right now is at an all time low. + +Edited to say I am specifically looking for suggestions on roles to minimize stress and maximize pay for someone who has a broad technical background. +I've been listening the Happy Sexy Millionaire by Steven Bartlett. He's a British guy, born in Botswana, moved to the UK at 2 and had a fairly poor upbringing there. Despite that, he became a millionaire at 23 by founding Social Chain, now a public company, when he dropped out of university after the first lecture. + +I think the book would resonate with a lot of people here. Ultimately, it is a reflection on happiness and fulfilment. He goes into detail about how he felt underwhelmed after receiving large windfalls, how comparing ourselves constantly to others can lead to unhappiness, and how social media has created a culture encouraging lifestyle creep. At mentions a study that found everyone always feels like they need 2-3x more money, which really hit home! + +If you read a lot of business or self-help type books, then it might get a bit repetitive at times, since lots of ideas crop up in other places. But I thought it was a good reminder that we don't always need more. Happiness is something you can have now, not something just around the corner. +https://edition.cnn.com/2021/12/02/business/inflation-chip-shortage-raimondo/index.html + +the Biden administration is championing the CHIPS for America Act, a $52 billion bill that would encourage domestic semiconductor production and research. + +"The shortage has exposed vulnerabilities in the semiconductor supply chain and highlighted the need for increased domestic manufacturing capacity." + +In recent months, Apple, Ford, General Motors and other companies have been forced to slow production of their products in large part due to the chip shortage. + +The chip shortage has significantly contributed to the biggest inflation spike in three decades. +Hi Everyone, + +I've been dipping in and out of this subreddit for a while now and to be honest I've been quite critical. I feel there is a lot of miss-information flowing between new traders and not a lot of direction that will actually help people trade. This is my attempt at offering something back. + +# Scalping & Why You Should Care + +Every trade starts as a scalp. You're looking for a good entry and you want the market to move on side as quickly as possible. Regardless of what trading you want to do, you should learn to scalp. + +Scalping is the art of reading the order flow and identifying short term momentum. It's not 1 tick 100 trades a day. Unless you're a bot or a massive player, you're expecting to make 2 - 8 ticks (more in illiquid markets) and you're absolutely not setting a designated profit & loss taker. + +# What Moves The Market + +Size. For the most part, it's big players throwing a lot of money in one direction that moves the market. Their action at 1 price point might dictate the direction of the market for the next hour. More often than not, it dictates the direction until they hit someone else big who pushes it back the other way. Retail traders are just following the wave created by the big players. That is the essential part of scalping. + +Have you ever wondered why the market can move so sharply in one direction for an hour and yet still close the day only a few points off where it started? That's a large player selling the market down and then maybe even the same player buying it all the way back up again. You can't predict that in a swing trade. You didn't know that player was going to turn up that day to do that. This is why scalping is an effective way of trading, because I don't care who turns up or what they do as they do something to move the market for me. + +# How Do You See Big Players? + +Order flow is the only way you're going to trade this effectively. I know many of you like to use charts, but you cannot do this effectively with them. Let me show you why. + +Below is a trade I took today in the treasuries. On the left is ZN and the right ZB. I also have ZF off to the left, but wanted to cut down the size of the screenshot. + +If you've never seen a DOM, this will look confusing. I suggest going and watching a video from John Grady on the DOM, I can't explain it better than he can. Here is an example: [https://www.youtube.com/watch?v=viBGTEGFF1k&t=238s](https://www.youtube.com/watch?v=viBGTEGFF1k&t=238s) + +The screenshot below shows you what you can't see in charts. In real time, I can see a big player finally crushing through the edge of the volume profile after 40 minutes of teasing with it. If you entered earlier, you got wiped out when the market drove up. If you were watching the order flow, you knew that was likely to happen because you could see sellers fatiguing on the edge of the profile and they needed a retracement before going back through it. + +This screenshot is the essence of scalping. I don't make the trade decision, the big guy did. All I did was decide to join him for the ride. + +&#x200B; + +https://preview.redd.it/qy2k0pfu5aw51.png?width=1214&format=png&auto=webp&s=de06b04e484d67824d0b8a231658805512d0dc85 + +The market dropped 11 ticks very quickly from this point. That's $30 per tick. I didn't grab all of that, but I got a decent pay out. + +To exit my trade I looked for the opposite conditions that lead me to join it in the first place. A big buyer stepping up to slow and halt the market fall. In this case I actually got out a bit early, but the beauty of scalping is that I can keep jumping in and out as long as I've got momentum. + +You won't see that big buyer in your chart, because you won't see the 5k contracts printing in at 1 price point where they've dug their heels in. By the time you've made the decision from your chart, the market has already moved against you. + +If this trade hadn't pushed any lower, I would have exited immediately. I might have taken a 1 tick loss. That means I would have been risking 1 tick to make upwards of 11. + +# Closing thoughts + +In my opinion, I don't believe TA really works. I don't believe it works because of what I see when I trade in the DOM and I know TA isn't showing that. + +I do believe that some people have a natural gift with charts and they're essentially reading this price action through the bar jumping up and down. I'm sure it can be done, but I also believe it's a lot easier to just view the data in the DOM in the first place. + +There are no indicators for what I've shown you in that screenshot. Even if there was, by the time you've checked 3 indicators you've missed that move. Jumping on that move after it's gone is dangerous. That market may have only dropped 3 ticks and rallied right up against you. + +Finally, if you open a trade and it doesn't start moving your way, you didn't get the right entry. You can't get it every time and that's why we scratch trades. It doesn't have to move instantly with you, but if you can't see momentum going your way then scratch for a commission cost and move on. Wait for that big player. + +I didn't make money until I forced myself to only trade when I see size on that DOM. That size only really appears during the open hours as well, so now I only trade the open 2 hours. + +If you got this far down, thanks for reading. I hope it helped. +Not talking about non owner occupied investment properties, I'm talking about liveable spaces. + +Is there really such shortage? I know heaps of apartments lay empty in the city, but wondering if there is a shortage. +Would love some like minded folks to understand where I'm coming from. This YouTube video I saw yesterday has had my head spinning. + +This guy posted about "Why he chooses to live in a $50k a year apartment." + +It was not a jealous rage click. Especially when it's not a "Look at how much money I make. And I'm better than you" video that seems to be flooded on YouTube lately. + +I clicked because it sounded interesting. I was hoping for a video about features of the apartment. Why it's so expensive. Why he chose it. + +He spent 30 seconds on that. And all he mentioned was location, and hardwood flooring and his pool table. + +It then turned into a 12-15 minute lecture on "Don't be poor". + +This man had his parents help throughout all of college. Started working for *Google* at a young age, in some well paying tech position. He said that everyone needs to live at home with their parents. Swallow their pride and just do it until they have enough money saved up. + +Which I was letting slide. It was annoying that he was presenting this as something everyone can do. As I was very lucky to live with my parents again in the past couple years. After previously not being able to. Not everyone has that option. And I was miffed that he couldn't see past his own experiences. But moved on. Hoping he'd get back to the apartment. The thing stated in the title. + +No. He goes on to say the biggest barrier to living with your parents is the stigma. And people will think you're a loser. This man is so disconnected from how real conversations work that it hurts. + +Gems from the video: + +"Already have quite a few thousand dollars saved up after just a few months of living with your parents." + +"Anyone can travel. You just have to want it bad enough." + +"If you want to travel. Just live with your parents." + +"All world travellers live with their parents." + +"Doing laundry for one person is hard." + +"You owe it to your parents to take care of them in their old age." + +No shade to people who plan to take care of their parents. But he completely ignored abusive parents. Parents who disowned their children or kicked them out over being LGBT+ or atheist or not wanting kids or not agreeing to a certain marriage. + +Ignored that people may have their own families. And don't have the resources to spare. Or may not have the financial means to take care of their parents. Or may not be in great health themselves. Or simply just don't have the spoons. Or simply don't want to. + +Your parents are not entitled to your help in their old age. It is a nice thing if you can. But don't feel bad if you don't want to or want to but simply can't. + +He straight up ignored all of these. We all owe it to our parents. Regardless of the situation. + +More gems: + +"I get that $80,000 a year is a lot. That's a full time job said for some people." Said in a way that he clearly believes that 80k is some sort of lower standard for the average American + +I watched the video to the end. Hoping for a *tiny* shred of self awareness. Anything. Even just a token "I understand not everyone can do this." + +Nope. Nothing. So I had to say something. I commented this (which is so much less than everything I wanted to say). + +"I understand you mean well. But you presented your life as the standard for Americans. Your life is not the standard. So many people, fellow Americans. Do not have many of the opportunities you have, do not have good family members. Some people are abused by their parents. Some people are disowned for being LGBT+. Lots of people lost their safe and comfortable jobs in the '08 crash. Regardless of education or experience. Millions of American college graduates are underemployed or unemployed. It's incredibly hard to move to a better place with opportunity when you don't have the money in the first place, and a lot of companies don't want to take a chance on you when you don't have any experience and you're not already in the area. You seem to be a very critical thinker, but I fear you were not thinking about other people's situations. There are so many Americans struggling, and your video comes across as dismissive and naive." + +This man works for *google*. A company that at least tries to be a little forward thinking and progressive. And he's so uneducated of the situation that millions of Americans are in. For example. This absolutely telling study. + +"Nearly 80 percent of American workers (78 percent) say they're living paycheck to paycheck, according to a 2017 report by employment website CareerBuilder. " + +I was a little skeptical at a survey done by career builder, because I feel like it would be skewed due to the people usually on the site. I found their press release and they shared their survey methodology:  + +Survey Methodology +This survey was conducted online within the U.S. by Harris Poll on behalf of CareerBuilder among 2,369 hiring and human resource managers ages 18 and over (employed full-time, not self-employed, non-government) and 3,462 employees ages 18 and over (employed full-time, not self-employed, non-government) between May 24 and June 16, 2017 (percentages for some questions are based on a subset, based on their responses to certain questions). With pure probability samples of 2,369 and 3,462, one could say with a 95 percent probability that the overall results have sampling errors of +/- 2.01 and +/- 1.67 percentage points, respectively. Sampling error for data from sub-samples is higher and varies. + +Source: http://press.careerbuilder.com/2017-08-24-Living-Paycheck-to-Paycheck-is-a-Way-of-Life-for-Majority-of-U-S-Workers-According-to-New-CareerBuilder-Survey + + +So yea. That video had me very miffed. And was a bunch of "Don't be poor" coming from someone who doesn't understand that he's had situations that many Americans would consider themselves lucky to have. And I did not expect to be slammed with an ignorant person lacking *any* self awareness when I clicked on a simple video. + +Lesson learned. Rich people on YouTube suck. + + +Edit: Went through some investor presentations on Invitation Homes (I believe black rock owned) and provides great data. Additionally provides available inventory to browse through with rents and exact addresses. I’m planning to use a webscrapper to pull all that data on a periodic basis but need figure out how to do that, project for a latter day. Other REITs mentioned here likely have similar data, thanks for the feedback! + +I’ve been trying to find data on areas where investment funds have been buying homes across the US but can only find articles that buying has increased by institutional investors. + +The reason I think this would be useful is that, from what I’ve read, they are buying in areas where there is long term growth opportunities and strong price to rent ratios. While I am not looking to buy now it seems like a good way to piggyback off of their due diligence when the market turns. + +Any resources/first hand experiences would be much appreciated! +Could be an on-point valuation. + +Could be catching a fundamental error in some financial statements. + +Could be your best investment or trade idea, and how it panned out. + +Or could just be funny work stories. +Hey all. I'm in Minnesota, if that's relevant, and have finally graduated from unemployed homelessness to the point where I think I could afford a car. + +So I had a rough start and through neglect/abuse/homelessness/living in places with public transportation, I never really learned to drive. I'm 27 now and it's painfully clear that the system is designed for your parents to teach you. I have a permit and have practiced a bit in friend's cars, but there's really no one around with the time to give me actual lessons. There aren't any driving schools in my small town that take adult students, so I'm kind of at a loss here. Are there any legitimately useful websites/games that could help, maybe? The actual learning problem is part 1. + +Part 2 - the test. I believe I'm at the point where I could pass the driving test after a few more practice runs, however that happens, but this issue is how I'm going to take it when you're required to provide a vehicle. All the information I could get out of the DMV was unclear. It's obvious again that they intended for it to be a parent's car, with you on the insurance. Being on the insurance seems to be the part they care about; how do you get yourself on someone's insurance without being their kid or having a license? Can you rent a car with a permit? Can you, I don't know, have someone else rent a car and add you as a second driver? Do I have to full-on buy one first? + +Part 3 - how the hell do you buy a car? How do you get insurance? Would a dealership help me with all the other paperwork? And is all this a reasonable goal if I can spare about $300 a month on total payments? + +&#x200B; + +help +When someone asks "How many months of expenses should I keep in my efund" the top 3 answers are "3-6 months", "6-12 months", or "it depends". The discussion ends there normally, but if it continues people normally talk about how if you have a family you might need more, or if your job is niche you might need more, or whatever. + +But almost never do I see people chiming in with stories of how their efund came in clutch or failed them. I think that is perhaps the most important thing. How many people cut the fund down to 3 months and ended up in a bad situation due to sudden expenses or job loss. You would expect if the 6-12 month people are right then there would be a bunch of horror stories from the 3-6 month people. So please share your experience. +I live a few hundred yards down the street from a club. Golf membership is $600/mo, social is $250/mo. Social gets access to the pool but its only open memorial day thru labor day. I golf a few times a year but i'm no good. We have winter here so no golf from Nov thru Mar. I think there is an in-between membership that gets like 10 rounds of golf/year. I'm thinking these would be tough checks to stroke in the middle of winter, unless the social aspect is worth it. My wife & I are 40ish with not much to do during the day when kids are in school. +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! :) +Anyone around since 2016 might feel like ETH has been undervalued lately. + +First off, ethereum is actually pretty scarce. On the supply side it takes 6 ETH to get 1 BTC, but price wise it takes 33 ETH to get 1 BTC. I don't believe for a minute that ethereum should have 17% of the market cap of bitcoin either, it should be correcting upwards. + +ETH was cruising comfortable around the $200-$300 range for quite some time while other coins simmered. Now that bitcoin has been picking up more recently ETH hasn't been keeping pace with it until just today. + +Frankly, the ETH dapp ecosystem is much stronger today than it was in 2016-17. A lot of the garbage has been shaken out and several great projects have remained at the forefront. + +Consider that in about a year, serenity can hit with Staking rewards for holding ETH in nodes. Whether it's 32 ETH per node or 95 ETH per node, the bottom line is that accumulation now can pay off in the form of more staking rewards later. A single full staking node could cost so much as $5500 at current market prices and the days of <$100 ETH are long gone. + +Enjoy the ride +# Disclosure of a financial system which hides naked shorts by deleting shareholder votes. + +# Meme-Stocks are actually, "Threshold Securities with Significant Public Interest." + +Part 1: [https://www.reddit.com/r/Superstonk/comments/nwktlt/overvoting\_prevention\_exposed/](https://www.reddit.com/r/Superstonk/comments/nwktlt/overvoting_prevention_exposed/) + +Part 2: You are here (6/25/2021 Repost for visibility). + +# TLDR: + +**Here we analyze Broadridge's over-voting prevention system which covers up evidence of rehypothecation and synthetic shares. When it comes to securities fraud, Market Makers are at risk of being exposed during each voting-season. They don't want the Public or the SEC to see any quantitative evidence of rehypothecation, I.E how far they've gone across the line in a security each year.** + +**There are systems, technology, and policies in place since 2007 which allow securities fraud to expand further and further into illegal territory without the public finding out.** + +**In essence, the following post reveals how DTCC struggles to keep track of who owns what because (A) it's an archaic system, and (B) many banks and brokers are liars.** + +**However, FINRA tries to track ownership by correlating FTD's with discrepancies in bank/broker reporting--I.E when a bank or broker's misrepresentation of short-interest can be substantiated, they are fined (I'm unclear when/if they are ever forced to cover).** + +**DTCC, however, remains the authority on voter entitlement since Cede & Co. owns all the shares. It is likely using FINRA data (or its own assumptions) to decide which votes are safe to be deleted.** + +**The SEC made this legal, and says you don't actually own your shares. In 2009 the SEC claimed that FTD's are the root cause of over-voting. Goes silent on the issue for 12 years.** + +**An independent audit of Broadridge reveals the mechanism for deleting votes. The same Banks and Brokers who hide their short interest are either the ones who delete your votes, or give authorization to DTCC to automatically delete your votes. No voting-confirmation is provided to you, thus, rehypothecation does not reach the public eye through voter-disenfranchisement.** + +**In short, they don't want YOU to know how much they short. But recent analysis by** u/Criand **and** u/AcedVector **reveals that the short interest on GME is still possibly higher than the float as of 6/25/2021.** + +[Criand's Analysis](https://www.reddit.com/r/Superstonk/comments/o7klxj/looks_like_the_recent_robinhood_class_action_si/) + +[AcedVector's Analysis](https://www.reddit.com/r/Superstonk/comments/o7fsqc/where_and_how_citadelother_hedge_funds_have_been/) + +# I.E AS OF 4/15/2021, ALL MECHANISMS WERE IN PLACE FOR THE GME VOTE TO BE SWINDLED. + +# TADR: + +* We just burned their candle from the other end. +* All shorts must cover. + +# Preface + +In [part 1](https://www.reddit.com/r/Superstonk/comments/nwktlt/overvoting_prevention_exposed/) we analyzed official comments to the SEC (as recent as 2019) from the industry's leading Vote Tabulators in regards to Proxy Over-Reporting and Over-Voting. These issues arise when **Beneficial Ownership** of real shares cannot be determined by subject matter experts. + +We established a precedent for known issues in "Proxy Plumbing", and revealed that Broadridge has been the primary actor in detecting over-reporting since 2007. + +We touched only lightly on the DTCC's role in obfuscating operational naked shorts, via bulk fungible accounting AKA **'Omnibus Proxy'**, and revealed that all roads lead back to the SEC. + +In this article we analyze the SEC, DTCC, and Broadridge in greater depth to establish clarity around the process of hiding naked shorts from public view; and we determine whether this analysis truly suggests a connection between voter disenfranchisement and the market maker's abuse of phantom shares by analyzing the FINRA track record of Broadridge customers. + +Some background from 2009: [https://csb.uncw.edu/people/moffettc/about/research%20papers/morphable%200109.pdf](https://csb.uncw.edu/people/moffettc/about/research%20papers/morphable%200109.pdf) + +https://preview.redd.it/zd6ajnilbi771.png?width=746&format=png&auto=webp&s=bc6cbb1632012a18efca0dd036aca094c1b223c0 + +We're interested in positions which are greater than a company's float because this implies that more votes can exist than shares outstanding--a heuristic of abusing loop holes in the system (Naked Shorting, Failures-to-Deliver (FTD's), Options misrepresentation, etc.) for operational advantage and/or financial gain. + +Naked shorting provides a sort of decoupling of economic rights from beneficial ownership that becomes difficult to reconcile; meaning nobody knows exactly which shares are supposed to be allowed to vote, only that there are a known/unknown amount of FTD's. + +The SEC, in their announcement of Regulation SHO, admitted existing cases where “delivery failures \[were\] greater than a company’s total public float.” Which is a documented admission of the extreme. + +https://preview.redd.it/bh4kvzawbi771.png?width=735&format=png&auto=webp&s=4b344ec87bf1f8cb8a00d042f2c23e28a9e58c37 + +When a naked shorter sells you a share, by tradition of **Beneficial Ownership** you would be entitled to the voting right of that share. Yet, a corporation cannot tally more votes than shares issued. So when over-voting occurs, some shares have to be negated. How do you determine which votes don't count? Who decides if owning a share does not grant beneficial ownership of the voting rights? You are meant to be entitled to the voting power of your shares to give you agency in the value of your investment. Over time they stole this agency from you and your parents. + +# Chapters 1-5 (part 1): + +[https://www.reddit.com/r/Superstonk/comments/nwktlt/overvoting\_prevention\_exposed/](https://www.reddit.com/r/Superstonk/comments/nwktlt/overvoting_prevention_exposed/) + +# Chapter 6: The Securities and Exchange Commission + +[ The U.S. Securities and Exchange Commission is a large independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation. ](https://preview.redd.it/96hiu3sxbi771.png?width=249&format=png&auto=webp&s=c6b8b273c6b54751f26a12f5ed121fd20e8243f5) + +It is important to remember that while the SEC is dubious, it is likely more negligent than villainous. Although both *could* be true, what makes the SEC different from the other bad actors is that the SEC discloses the bulk of its activity and reasoning while soliciting comments from the public. They actually have a 2-way street. Even if it is only a dirt road in a city of highways. Whether this is a redeeming modality, I leave up to the reader and those who actually comment to the SEC. + +We might convey public opinion of the SEC by selecting a monochrome version of the SEC's logo. The United States Federal Seal bears a coat of arms whose colors represent: + +* White: purity and innocence +* Red: hardiness & valor +* Blue: vigilance, perseverance & justice + +Now, let us begin. + +In 2007 the SEC hosted a round table discussion on the topic of PROXY VOTING MECHANICS. + +You can own it here: + +* 2007 Video: [https://www.sec.gov/video/webcast-archive-player.shtml?document\_id=052407proxyvoting](https://www.sec.gov/video/webcast-archive-player.shtml?document_id=052407proxyvoting) +* 2007 Unofficial Transcript: [https://www.sec.gov › openmtg\_trans052407](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwiIy7rD55jxAhX2FTQIHX-4BHoQFjAAegQIBhAD&url=https%3A%2F%2Fwww.sec.gov%2Fnews%2Fopenmeetings%2F2007%2Fopenmtg_trans052407.pdf&usg=AOvVaw2ZguzxYj60yVP8BRxwX4cf) +* 2009 Concept Release: [https://www.sec.gov/news/press/2010/2010-122.htm](https://www.sec.gov/news/press/2010/2010-122.htm) + +[2007 screen grab of the panel in assembly.](https://preview.redd.it/99dyxl66ci771.png?width=813&format=png&auto=webp&s=8336a15e5333623b1ddf69a5a7d792dda6a89c01) + +The first panel includes: + +* Chevron Corporation - Lydia Beebe, Chief Governance Officer +* University of Texas - [Good Guy, Henry Hu](https://www.sciencedirect.com/science/article/pii/S0929119907000168) \- Allan Shivers chair of law and banking and finance (and later an SEC employee before returning to university chair) +* Morgan Stanley - Rob O'Connor, Managing Director +* Merill Lynch - Ronnie O'Neill, VP +* Broadridge - Bob Schifellite, President of Investor Communications Solutions Group +* DTCC - Larry Thompson, General Counsel + +For the purposes of today's analysis, this is a **dream team of representatives**. Unbridled, unfiltered, raw and uncut. In synopsis, **Chevron is suspicious of the proxy system** while Big Money defends its reputation. Henry Hu warns of system exploits while **Big Money slides the conversation.** + +Despite another missed opportunity to do the right thing, there are important tidbits to be considered. In this meeting **Larry Thompson (DTCC) discloses the DTCC's process for reconciling votes**, by which we can ascertain the power dynamic of this situation: + +>DTC is the record holder of all of those shares through CEDE & Co., and as I mentioned earlier. And as I said, all of that takes place electronically through our records. There are no identifiable shares that belong to any of our participants. They all belong to the name of ~~CDINCO~~ \[Cede & Co.\] and when a deposit is made at DTC, just as it's made in your commercial bank, you don't know which dollar is yours, you have a proportionate interest in that dollar. So do all of our participants have a proportionate interest in the shares that we hold in our vaults and which we control - Larry Thompson, DTCC 2007. + +Because the shares at DTC are in a bulk fungible format, **they do not track who owns which share,** only that 10 shares are sold and 5 shares are bought, or 20 Fail-to-Deliver. This ownership is legal under the pretense of SEC Rule 13D-3. + +# Chapter 7: The SEC says you don't own your shares. + +[Yes, you read that correctly.](https://preview.redd.it/7bnco3j7ci771.png?width=1163&format=png&auto=webp&s=e4fb3ea6a7737691fc8cad0192e6c6a0c12dfb07) + +[Pirates, thieves and cannibal warlords have similar ruling structures.](https://preview.redd.it/cilfxaf8ci771.png?width=311&format=png&auto=webp&s=10452faa29d06c2bdc32f45b71e693bc5274e7ed) + +Fungi-bull-shit accounting is one of the reasons NFT's (Non-Fungible Tokens) will replace the fraudulent voting system, and why **Ryan Cohen is 4 steps ahead of the SEC** and a pioneer of his time. + +Note: 13D is a reporting requirement for shareholders which own >5% of a company. Common practice is to hold <4.99% to evade reporting, and any excess is held in shell companies. Law Firm [Hunton & Williams describes this in more detail](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjCloSzvZrxAhXLxzgGHW8RBUcQFjAAegQIBRAD&url=https%3A%2F%2Fwww.huntonak.com%2Fen%2Finsights%2Fsec-concludes-a-busy-week-of-beneficial-ownership-enforcement.html&usg=AOvVaw3GIGMT53oZdeTcNHuuw-LS). But before we diverge on the topic of vote manipulation, hostile takeovers, etc., the key takeaway is that **people do abuse this privilege**, and you do not legally own the voting rights to your shares. + +**Voting rights are imparted to you at your Broker's, Bank's, and/or the DTCC's discretion**. For all intensive purposes, many shareholders will be allowed to vote, but no one is required (or perhaps able) to disclose whether your vote is actually counted. Many [(2009-2014) comments to the SEC](https://www.sec.gov/comments/s7-14-10/s71410.shtml) address this issue. + +Upon reviewing the comments, it's widely accepted that providing **"confirmation of vote"** back to the shareholder can help quantify the true pervasiveness of over-voting and aid in the reform of this and other proxy issues. Many industry experts advocate for some form of vote-confirmation. While some, curiously, advocate against vote-confirmation under the pretense of protecting shareholder privacy. + +This is the SEC's response to the issue of Proxy Over-Voting: + +* 2003: (1) [Final Rule: Proxy Voting by Investment Advisers](https://www.sec.gov/rules/final/ia-2106.htm) +* 2004: +* 2005: +* 2006: +* 2007: (2) [Proxy Voting Brief](https://www.sec.gov/spotlight/proxyprocess/proxyvotingbrief.htm) +* 2008: +* 2009: (3) [Concept Release on the U.S Proxy System](https://www.sec.gov/rules/concept/2010/34-62495.pdf); (4) [Speech by SEC Chairman: Address to the Practising Law Institute's 41st Annual Institute on Securities Regulation](https://www.sec.gov/news/speech/2009/spch110409mls.htm) (Note, the Chairman commits to accomplishing proxy-system reform) +* 2010: +* 2011: +* 2012: +* 2013: +* 2014: +* 2015: +* 2016: +* 2017: +* 2018: +* 2019: +* 2020: +* 2021: + +[\(Note: The SEC tackled many other issues in the market, but were silent on Proxy Vote Manipulation for 12+ years\)](https://preview.redd.it/eawtii3dci771.png?width=1300&format=png&auto=webp&s=f4a56dfaaada48f067622fdc18df0b79dcb688be) + +# Chapter 8: The SEC sites 'Failures to Deliver' as primary cause of voting imbalance. + +If no news is good news, then let's return to the SEC's 2009 [Concept Release on the U.S Proxy System](https://www.sec.gov/rules/concept/2010/34-62495.pdf): + +https://preview.redd.it/ghhu2h6eci771.png?width=761&format=png&auto=webp&s=4bbd2ff28b009ba42396615df7c353c05733380d + +So here's the **gut-shot of our whole premise.** In 2009, the SEC formally declared the root cause of over-voting was Failures-to-Deliver. **They had the leash in hand and could have wagged the dog**, but they remained silent for over a decade. + +SEC, Why so silent? You declared that the rights of investors were being sabotaged by players who stopped following the rules once they were losing. You asked for comments on the issue. You vowed to do something about it. You failed to meet that promise. + +Was the lack of attention toward FTD's and over-voting a sign of systemic corruption or was it fools being misled? + +[The Public could hold the SEC accountable to explain whether it was misled by Broadridge and\/or corrupted by other Financial Industry Lobbyists.](https://preview.redd.it/j1736e5fci771.png?width=500&format=png&auto=webp&s=11216475e512cded704ef29d66fff3295095f621) + +Hot dog, then let's hear it from the horse's mouth. + +# Chapter 9: Broadridge is back with 2 Truths and a Lie. + +[ Broadridge Financial Solutions is a public corporate services company founded in 2007 as a spin-off from Automatic Data Processing. The main business of Broadridge is as a service provider supplying public companies with proxy statements, annual reports and other financial documents, and shareholder communications solutions, such as virtual annual meetings. ](https://preview.redd.it/drr9ek8gci771.png?width=290&format=png&auto=webp&s=d750b3317a8c9db72d9fc2bd2a0ea323b9e612b9) + +Broadridge explains over-reporting during the 2007 Proxy Voting Brief: + +[Bob Schifellite, President of Investor Communications Solutions Group, Broadridge, 2007.](https://preview.redd.it/enjizjugci771.png?width=868&format=png&auto=webp&s=5f2e511d10014b83f0b895738c1c98e80a3093af) + +If you're detecting a bit of cognitive dissonance, that's because it's there. Broadridge divulged a sample size where over-reporting was an incidental 1.79% above the float. But Reg-SHO determined that could be a lie. + +https://preview.redd.it/01mfl5jpci771.png?width=665&format=png&auto=webp&s=e649c3fed862e6a5bd51238e1fe574cca61b08f8 + +>Compliance with Regulation SHO began on January 3, 2005. Regulation SHO was adopted to update short sale regulation in light of numerous market developments since short sale regulation was first adopted in 1938 and to address concerns regarding persistent failures to deliver and potentially abusive “naked” short selling. + +A security will be placed on the threshold list if it has a significant fail to deliver position for at least 5 business days. Notice that the number of over-shorted companies was still in the multi-hundreds when (and prior to) Broadridge disclosing the 1.79% statement. In fact, on May 24th 2007 when the testament was given, 300+ companies were still over-shorted and that number continued to rise until July, 2008. + +https://preview.redd.it/hu8nuuirci771.png?width=656&format=png&auto=webp&s=7951389d602db9f6714c9f98c85b4421f774517f + +[Final amendments to Reg SHO](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwj0tqqXyZrxAhXo73MBHTF2DLEQFjAAegQIBRAD&url=https%3A%2F%2Fwww.sec.gov%2Frules%2Ffinal%2F2008%2F34-58775.pdf&usg=AOvVaw02scg4dQzm4BPV8v3fwT1Q) were made on July 14, 2008, resulting in an abatement of reported threshold securities. But the dragon was only wounded. It was never truly slain, as indicated by the 2021 exposure of 'Meme-Stocks' which are actually... + +# "THRESHOLD SECURITIES WITH SIGNIFICANT PUBLIC INTEREST". + +Say it with me again, "Meme-stocks are threshold securities with significant public interest." + +Louder, MSM: + +**MEME-STOCKS ARE THRESHOLD SECURITIES WITH SIGNIFICANT PUBLIC INTEREST.** + +* Threshold Security = Bad for markets. +* Public Interest = Good for markets. +* Your move, 11-Week Gary Gensler. +* I'll give you a head start: + +And, if you give Broadridge enough rope to hang themselves... + +[You just can't trust anyone who uses the word, Tranche. Especially when they keep rounding down the number in an effort to feel some reprieve from the condemnation in their dishonesty.](https://preview.redd.it/a0fqljjsci771.png?width=864&format=png&auto=webp&s=34fdea3738a9d975fa7085987378cdba38421caf) + +When you listen to the transcript, it is evident that Mr. Schifellite is experiencing the all-too-human emotion of, "cat-got-your-tongue mid guilt-tripped lie". + +[Mr. Bob Schifellite wants you to believe there is only 0.33&#37; over-voting.](https://preview.redd.it/r600jc0vpi771.png?width=190&format=png&auto=webp&s=51e1911c5d64dd83def2374f706c843b20ef27bd) + +Schifellite (Broadridge) lied to the SEC, and continues to lie for 12+ years. Okay, okay, "Absconds from telling the truth as to protect his client's interest's." + +Either way, the SEC seems to have bought it hook, line and sinker because, well, 12+ years of inaction = 12+ years of perpetuity. + +Remember, 0.33% is a very, very low number. **It's a "darling number" which affords a willing individual an excuse to not address the problem. (I.E cutting corners, quitting before the job's done, looking the other way, etc.)** + +Broadridge is vouching for its product in front of regulators and subscribers. But is this number a true representation of actual over-voting; and shouldn't the SEC (and Broadridge, Financial Industry et. al.) be held to a higher standard for design of experiments? + +We have historical anecdotes from industry professionals, SEC coming out of the closet, and contemporary DD which all point toward exorbitant FTD's. 0.33% just seems like a cherry-picked example. AND THAT IS NOT HOW WE DO SCIENCE. + +So if we can't trust the data, and there are [numerous complaints against Broadridge misrepresenting the data](https://www.sec.gov/comments/s7-14-10/s71410.shtml), let's evaluate Broadridge's 2007 claim of 0.33% over-voting against some other indicator. How about the actions of [Broadridge's top \~10 clients](https://www.sec.gov/Archives/edgar/data/1383312/000119312509194956/dex991.htm) from 2009 over the same (and relative) time period? + +* note 1: this is not a complete list, we're focusing only a few examples of short interest, failure-to-deliver, and options manipulation. An exhaustive list, is well, exhausting. For our purpose of validating Broadridge's statement, we're targeting FINRA violations from 2005 forward. +* note 2: "positions" does not mean separate securities. Many of these (if not only some) were multiple positions in the same security as verified (with some consistency) by FINRA. +* note 3: "short interest misrepresentation" does not mean naked shorting, but it does imply they had a motive not to cover, some of these may have contributed to the SEC's threshold securities. But all, guaranteed, contributed to FTD's. +* note 4: I had wished to procure a list of Broadridge customers from 2007 (at the time of Mr. Schifellite's statement) but this proved difficult to obtain. + +**In descending order, Broadridge' top performing clients from 2009:** + +* [**Merrill Lynch - 1,458 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/7691) + * 2007 fined $12,500 for FTD violations. + * 2009 fined $90,000,000 for Options misrepresentation. + * 2014 fined $525,000 for short interest misrepresentation on 36,413 positions totaling **9,530,879,808 shares.** + * 2014 fined $6,500,000 for FTD violations. + * 2015 fined $9,000,000 for FTD violations. + * 2015 fined $115,000 for short interest misrepresentation on 7,065 positions totaling 3,561,396,771 shares. + * 2020 fined $75,000 for 13,198 instances of Options misrepresentation vs. short positions held. +* [**Barclays Capital Services - 101 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/19714) + * 2009 fined $50,000 for short interest misrepresentation. + * 2015 fined $115,000,000 for short interest misrepresentation on 42 settlement days in 835 positions totaling 87,562,328 shares. +* [**BNP Paribas - 88 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/15794) + * 2008-2012 fined for short interest misrepresentation on 1,934 positions totaling 330,000,866 shares. + * 2013 fined $130,000 for short interest misrepresentation. +* [**CIBC World Markets - 158 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/630) + * 2005 fined $60,000 for short interest misrepresentation. + * 2013 fined $130,000 for short interest misrepresentation. +* [**Deutsche Bank - 292 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/2525) + * 2005 fined $15,000 for short interest misrepresentation. + * 2007 fined $30,000 for short interest misrepresentation. + * 2007 fined $45,000 for short interest misrepresentation. + * 2015 fined $1,400,000 for short interest misrepresentation. +* [**Edward Jones - 220 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/250) + * 2007 fined $55,000 for short interest misrepresentation. + * 2012 fined $55,000 for short interest misrepresentation. +* [**HSBC Securities - 74 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/19585) + * 2007 fined $7,000 for short interest misrepresentation. + * 2007 fined $27,500 for short interest misrepresentation. + * 2013 fined $65,000 for FTD violations. +* [**J.P. Morgan Chase - 490 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/79) + * 2005-2006 fined $26,500 for short interest misrepresentation. + * 2006-2013 fined $375,000 for short interest misrepresentation. + * 2010-2014 fined $2,300,000 for options misrepresentation. +* [**Jefferies & Company - 90 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/2347) + * 2007 fined $525,000 for short interest misrepresentation. + * 2012 fined $62,500 for short interest misrepresentation. + * 2014 fined $235,000 for short interest misrepresentation. +* [**UBS Securities - 288 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/7654) + * 2006-2009 fined $225,000 for 437 occasions of misrepresentation. + * 2009 fined $12,000,000 for FTD violations and configuring clients to bypass reg-sho locate requirements. + * 2014 fined $7,500 for misrepresenting short interest in 1,580 positions totaling 262,260,266 shares. + +[ Tell me again, Mr. Bob Schifellite of Broadridge, how we arrived at only 0.33&#37; over-voting with all those revolving FTD's at the DTCC's bulk fungibus. ](https://preview.redd.it/8yf89a5qdi771.png?width=500&format=png&auto=webp&s=f43abeef46c2ea6cdf0f6bbabe933b77fd7d553a) + +So was it that Mr. Schifellite was disclosing a number which excluded all the FTD's? Or was it a sample size of non-threshold securities; maybe even threshold securities which didn't over-vote? Remember, at the time there were 100-300+ threshold securities year over year... (if anyone has more data on threshold securities between 2009-2020). + +Also, mind Broadridge's top client, Merill Lynch, which had **9 billion shares outstanding** in 2014 (That we knew about). Very liquid. + +In essence, Broadridge's top 2009 clients have attempted to benefit from (and have been caught red-handed) in not disclosing their short interest and/or covering their FTD's. For years and years and years. + +* This is illegal. +* This is market manipulation. +* Broadridge enables the market manipulation. +* SEC hasn't prevented the market manipulation for more than a decade. +* Has the SEC been bribed or persuaded that misrepresenting short interest and misrepresenting the shareholder votes is an industry best-practice? +* Can you be bribed or persuaded? +* Should this be allowed to continue happening? + +**Okay, we see the evidence of rehypothecation and the accusations of vote cover-up. But is it real? How does FINRA validate that Broadridge's client's short interest has been repeatedly misrepresented over the past decade and beyond?** + +Well, the only true control is in correlating each bank/broker's submitted report with a quantity of FTD's in the DTCC's bulk fungible accounts. I.E the fungible accounts are the source of truth and source of voting-power. + +In the 2007 round table, the panel provides a thousand excuses for not disclosing FTD's. You can pick any one of them. Some of my favorites are \[sic\]: + +1. The system is working, don't question it. +2. We hazard to say that changing the system would yield unwanted consequences. +3. It would reveal the pervasiveness of the issue, but the issue is not pervasive. +4. It's just happening overseas, not in the good ole U.S.A. +5. It would expose the vulnerability of market participants, creating unfair advantage. +6. The DTCC did a good job of bringing us out of 1970 and into the modern era. Give them lots of credit to keep doing what they do. + +If the DTCC was really formed to facilitate the transfer of securities from paper to electronic format, it seems to have stopped evolving alongside the world's technological cohorts at some point. + +If the die-hard proponents of this sloppy system chose THIS hill to fight on, and won't reveal the truth about how much money the banks and brokers are printing all the time, let the over-reporting be our compass of illumination. + +Broadridge is delighted to inform you that they are the one-stop-shop for over-reporting prevention, and also an independently-audited company! They boast about it on every shareholder report and comment to the SEC. But loose lips sink ships, and I am very happy to tell you that the independent audit does indeed surprise and delight. + +# Chapter 10: Hello, my name is Independent Auditor, Deloitte. + +[ Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is a multinational professional services network with offices in over 150 countries and territories around the world. ](https://preview.redd.it/tdq2dxl7gi771.png?width=299&format=png&auto=webp&s=743ca873d0d8d1270db51c9e12a69c42fc08eff5) + +[In 2010, Deloitte provided an independent audit of Broadridge's IT systems](https://www.sec.gov/comments/s7-14-10/s71410-264.pdf). The methodology for relieving you of your votes is disclosed within section 13.1 of the report. This confidential report was provided by comment from Broadridge to the SEC, thus making it public information. + +https://preview.redd.it/hdsqthphhi771.png?width=1012&format=png&auto=webp&s=c0189e9f42fc1b4db6f6c676527f4387c5a8dab0 + +So let's get this straight. In their desperation to prove their credibility to the SEC, **Broadridge has inadvertently disclosed (to the Public) that it hides misrepresented short interest through vote count obfuscation.** The process is as follows: + +1. Broadridge tells DTCC to provide **a special feed** for its subscribing client's accounts. (I.E the ones with all the FINRA violations for misrepresented short interest). +2. DTCC supplies a feed for Over-Vote Service Clients. (I.E **people who pay money to measure how close they've come to being quantitatively exposed for financial misconduct.)** +3. DTCC then provides a ***second feed*** which is **authorized** by the Corporation issuing the shareholder vote. (I.E smoke and mirrors for the patsy corporation/tabulator to sign-off, all legal-like to **authenticate the vote in spite of securities fraud.)** +4. Separate calculations are performed for each bank/broker's voting entitlement. (I.E **reconciling all the short interest misrepresentation** as best they can to ascribe reasonable entitlements **without being forced to cover** insurmountable and/or undesirable short interest). +5. The entire process exists with the express purpose of **warning the banks/brokers** who subscribe to Broadridge. (I.E the ones with all the FINRA violations, paying money to measure their public exposure without being forced to cover.) +6. In the event that over-voting is detected, the banks/brokers are given the opportunity to change their answer. (I.E **Lie to everyone about the obligations they don't want to/can't fulfill.**) +7. Deloitte audits the process and confirms that it is working. (As intended). +8. SEC pats itself on the back for doing some actual work in 2005. (PornHub founded May 25, 2007.) **SEC allows banks, brokers and Broadridge to run rampant with the public's money for 12+ years.** +9. ~~Profit.~~ +10. **Moon.** + +# Chapter 11: They're going to file for it. + +One thing is for certain, and evidenced by all the action above. DTCC might fuck around, but it doesn't fuck *around*. + +* All +* Shorts +* Must +* Cover + +Even if they go kicking and screaming into the night. And they will TRY ANYTHING to evade this responsibility. + +**Are Apes going to let them get away with it?** + +* I think not. +* At this stage, the DD will flow indefinitely and cannot be ignored. +* Ignorance will be the SEC's and Politician's ammunition. +* Hold them accountable. Don't be misinformed, they are accountable to you on every level. +* Market Makers will concede to financial reform in order to evade criminal prosecution. + +**There is a Chinese saying, "I hope you are not born into a time of change."** + +* Well, Gen-X, Gen-Z, Gen-Y, Millenials, even Boomers... +* We were all born into it. Problems like this have persisted since the 1900's. +* But as of 2021, the financial industry has peaked. +* The searchlight has been cast and now the cockroaches all scatter. + +**In conclusion, let us recap the five key-narrative points which led us to this moment:** + +1. **The DTCC and Broadridge enable the cover up.** And for this, they too shall answer. They're like two international arms dealers in Wallstreet's Financial War on the Heart of America. One supplies the guns, the other provides the ammo. But it was only ever about keeping the money laundering system in place for all the banks and brokers who pay homage. +2. **Many banks and brokers are the financial terrorists** who buy the guns and pull the trigger. They just got caught holding the smoking gun. One round left in the chamber. +3. **The SEC is the idiot diplomat** who needs your judgement, because they're hesitant to get involved due to Geneva convention and lack of intel, but they're kinda having to escalate the stakes and enter into sterner negotiations to get shit done before their centennial anniversary on June 6, 2034. (Tits stay jak for SEC reform.) +4. **The shareholders and the corporations are the victims.** (But not the Sarah Mclachlan Arms of an Angel kind of victims, they are the vindictive super hero who just discovered the extent of their new power). Their shares have been diluted, and the value can be driven down by an illegitimate excess in supply at any date and time of the bank's and/or broker's choosing. Also, we've been lied to and that will not go unpunished in the context of reform. +5. **No analyst can** ***truly*** **make an accurate guess as to the fundamentals of a security.** We're all playing cards with too many decks and the dealers want to shuffle your winning hand. But the card counting machine just blew up and the game is becoming more exposed until it's all out on the table. + +Anyway, buckle up and buy your holds. Enjoy the simulation. + +&#x200B; + +[Painting by Android Jones.](https://preview.redd.it/1rj1045gii771.png?width=960&format=png&auto=webp&s=e637b101a8231bf23f67fc58dbb1fbfd989a4091) +Hi All, since most of Cramer's recommendations are wrong, I was wondering if anyone know a source where they publish his buy and sell recommendations, planning to build an algo to test buy his recommended sells for 30 days and test results. + +Simple format: + +Buy: XXX + +Sell: YYY + +&#x200B; + +Thanks +I'm gonna be 18 in five months. My bank is going to start charging me a monthly fee to use my checking and savings accounts. Banks already borrow my money, I don't want them to steal from me too. Are there any banks that don't charge for their services (at least the required ones) and will give me advice in my beat interests rather than whatever makes them more money at my cost? +Yes we get it the price for BBBY is low and Yes Ryan has invested in the company. He also invests in Apple and other companies - but this is a GME sub. + + +Feels to me that fud campaigns are getting smarter and aren't about fud anymore but by micro distractions. Just ask yourself how much money or how easily you’ve been distracted by BBBY in the last weeks or months. Even if you spent small amounts on BBBY, that could have gone to GME. This is how the distractions work. + + +Let's all remember GME is the only deep value play and has become about something much much more (our financial lively hoods and the greed and corruption of wall street)...Not BBBY. + +Let's re-focus on what really matters here. DRS. GME. + + +P.s. this isn't a dig at BBBY investors. If you want to do that go for it but don't discuss it here. +The house is in an oil city (Fort McMurray), and due to the oil crash I’ve lost a lot of money as the title says. My father bought the house for $530k a few years prior to me living in the home with him. I lived there cheap for one year before he told me that he was going to sell and retire early. The home was not selling as fast as he had hoped, so he approached me with the idea of buying it off of him for market value $585k and he would give $30k of the profit towards my down payment. I was 21yo fresh out of school at my first real job, and expressed concerns that I haven’t done any research into real estate and wasn’t ready being so young. I told him I didn’t want to work in this city for more than 5 years and would rather rent, but if he truly believed this was the best decision then I will trust him. He said that I should get a couple roommates to help with the bills, and that buying the home from him is the best thing to do. Everything was pretty rushed so I never sat down to crunch the numbers of buy vs rent. I bought the house, he paid a realtor $3500 in closing costs to finalize the deal, it was now mine. + +Everything was great until the crash. The house was valued at $620k in 2014 but is now $470k. Couldn’t find trustworthy roommates since most of my friends got laid off and left town, or they were stuck with a big mortgage like me. Fortunately, I managed to keep my job. + + +I have a detailed spreadsheet of overall home costs: + + +$192k went towards the home in the 4 years (mortgage, taxes, insurance, interest, maintenance, etc) + + +$112k was earned from roommates + + +Which means I’ve paid $80k (rent in those 4 years @ average of $1000/mo is $48k) + + +Plus $30k down (+ father’s $30k) to = 10% down payment + + +Overall I’m in it $110k, so far + + +There shouldn’t be any capital gains to worry about come tax time + + +I’m now unhappy here, and work has given me an opportunity to move close to family/friends. I owe $470k and the value is at $470k. Renting the house isn’t an option, it won’t cover my costs and I won’t be living in the same city. Due to closing costs (approx. $21k) and mortgage penalty (1yr early on the 5yr term $10k) I cannot afford to sell. I’ve already depleted my retirement savings and have been living paycheck to paycheck in hopes of the economy to turn around. Should I ask my father to pay the closing costs since he put me in this situation? Is it right to be angry with him if he doesn’t? Open and use a line of credit? Bankruptcy? Need some help with this one please! + +EDIT: Thank you to everyone for the thoughtful replies. Lots to think about and options to consider. Much appreciated! +Looking from the high in October of 233 to pre market at 164, Apple has lost 30% in value. Are investors really that worried about the future of Apple? Is there something I am missing as to why a 30% drop over 2 months is 'normal' correction. +There was just a post with 500 comments about finra’s new si report. It was up 5 minutes and got deleted. They are only letting negative posts about gme slide thru the auto bots. Mods are shills + +Update: +I also believe r/wallstreetbetsnew may be compromised. There is a lot of bot posting going on in there telling people to buy stocks. Be aware of nakd, sndl, and other booming stocks bots are mentioning. They are growing but I believe them to be pump and dumps. +Stocktwits is, like the name says, some kind of twitter but just for stocks. You can follow people you think are great analysts or who give out good calls, you can watch certain tickers that might interest you so you can read what other people are saying, there's even some accounts who'll post sec fillings for a given ticker you're watching within seconds of it being filled. It's all great. + + +But recently there has been a huge influx of new accounts and bots whose only purpose is to manipulate the stock. These new accounts will always just incessantly bash the ticker/company/whatever, create and spread misinformation, and in general their only purpose is to make you afraid and doubt yourself, driving you to sell your shares and drive the price down. There might even be big institutional investors behind this, that for whatever reason need to buy back shares, or cover their positions, and many other things. +As you can imagine, this is specially effective in penny stocks and low volume, low float stocks in general. + + +As always, do your DD, trust yourself, and don't listen too much to these new accounts. + + +EDIT: yes I know i switched up the correct expression in the title, you can stop DMing me asking if I know what 'blessing in disguise' means. english is not my native language +I’ll go first: Work from home. + +Went in to the office today. Absolutely hated it. Live about an hour & half away (south east melb) and traffic/trains/people in general just seem chaotic. + +Once in office, see coworkers that ramble & talk about the most random and useless stuff… 😂 + +Did 1 hour of work. Went home. + +I would probably never work a role that’s not WFH/go in when you want. My company’s been great at this, and aren’t stupid enough to try outsource (we work with big ASX companies who have & audit their financials - hilarious how a 20m saving becomes a 50m expense after 🤷‍♂️). + +Monetary value: 25k-35k. Assuming same role, I’d need to be paid that much more to go in regularly. + +That was just one. I have many others (flexible hours, good leave policy, great coworkers & management) all which I value for similar amounts above. +My wife and I bought a villa. I found out that the local council has submitted plans to rezone that street to allow 4 storey units. + +It's 450m from a train station and the council has submitted to change zoning to allow units and multi level commercial premises. + +Since we own a villa (in a group of 3 free-standing villa's), I wonder what this might mean for us if it goes through and we're rezoned. +Anyone hire a pm to manage their properties in good cities while they live overseas on the cashflows? + + +Currently living in Canada, I make 6 figures with my revenue from work and my 2 income properties. I've travelled my whole life (parents work with multiple offices) but have been stuck in Canada since having kids. I also have 2 young kids who would benefit from cheap education here. Is it better to tough it out till they graduate? + +I'm just feed up with this life of 7months of winter, high taxes and cost of living. +Sure it's better to be making what I make vs min wage but seems like life just takes it all back here. Also the life style of up at 6 back at 6 is getting old, and I would rather be up at 10am go out and live lifestyle. + +My cost of living here is about 3.5k while my take home is 4k. So I was thinking get some more properties till I'm profiting ex 2k a month in cashflow, then move to Nicaragua or Thailand and live on 1k a month while receiving 2k. Eventually maybe I start a business there if I get bored. + +I'm currently at 800 a month in cashflow. + +Is this a viable plan? +So I got this message from a random user. He said I should check the SEC site for fillings about credit suisse. Since I am really not that smart (just like the company), I asked if he could eleborate. He then send me a link to the filling he was referring to, but then again I didn't understand shit of that filling. He then sends me another message which he named, "Some more bread crumbs", this message contained a total of 3 links, but then again, I not smart ape so don't know wut mean. + +I will post the screenshots of the messages below, I asked the message for permission to post here and he was fine with this as long as I blurred his name. I will also put the links below so some smooth brained apes can check this out. + +This is maybe nothing and might just be distraction from what is going on because this weekend is 🔥, however this can also be a very serious DD. + +Check out the convo; + + + +[this was the first convo](https://preview.redd.it/p1fr9113q3n71.png?width=1152&format=png&auto=webp&s=9554fc4edfcbcbf3b0676cd3c473ed9c71ad7429) + +&#x200B; + +[Second convo](https://preview.redd.it/yedupoafq3n71.jpg?width=1170&format=pjpg&auto=webp&s=e99b95cbd6ccc01a3f7d8ce3d3371ea3f7cc0396) + +Here is a transcript of the convo and links so apes can check it out for themselves. + +First convo messages + +perhaps if one would navigate to the SEC website and find recent filings by a one cr3d1t su1ss3, one might find some interesting information + +never follow a link without verifying. might want to use urlscan dot i o or something but here is one of the direct links: [https://www.sec.gov/Archives/edgar/data/1053092/000095010321013821/dp157741\_424b2-u6153.htm](https://www.sec.gov/Archives/edgar/data/1053092/000095010321013821/dp157741_424b2-u6153.htm) + +i appreciate your inquisitive nature. more eyes are needed on the "Contingent Coupon Callable Yield Notes due October 5, 2026" filed by Credit Suisse. naming these securities: Citigroup, Comerica, and Horizon Corp. + +Second convo with links: + +find this post: "[https://old.reddit.com/r/Superstonk/comments/nptiio/gamestop\_shareholder\_list\_the\_final\_catalyst/](https://old.reddit.com/r/Superstonk/comments/nptiio/gamestop_shareholder_list_the_final_catalyst/) + +follow the link to the ownership summary [https://investor.gamestop.com/stock-information/institutional-ownership](https://investor.gamestop.com/stock-information/institutional-ownership) + +how weird but if we use the waybackmachine + +[https://web.archive.org/web/20210906101126/https://investor.gamestop.com/stock-information/institutional-ownership](https://web.archive.org/web/20210906101126/https://investor.gamestop.com/stock-information/institutional-ownership) + +## After Sept 6, No More Ownership Data + +in addition, if one were to review many of the recent SEC filings from Sept 10, one would find many CE0s and CF0s unloading their stocks + +&#x200B; + +&#x200B; + +So that's about all, I hope some smooth brained ape can find some interesting stuff on this. + +GME FTW + +Edit: this post is getting more traction then I anticipated. I already saw some interesting comments of apes who are already doing there best digging. I just want to stress that I am really not a smart ape and I just like the stock. When this person messaged me I was skeptical at first but I really think there is something here. Like one comment said, this might be an insider who doesn’t want to be recognized in anyway, and just decided to send some apes this info and hope it would gain traction. Out for now, I will be going to sleep. If there are any updates in the morning or DD’s based on this info I will edit my post. Good Sunday for you al and may Monday come soon. GME for life + +Edit 2: couldn’t sleep, specially after this comment. https://www.reddit.com/r/Superstonk/comments/pmwcnt/some_guy_started_messaging_me_some_mysterious/hclgswn/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 +Go check it out. Hope some smooth brained ape can have an even better look at this +u/EXTORTER massive thanks for having a look at this. I appreciate you taking the time and figuring this out already. Still a bit unclear to me as what it means, yes I know, really dumb ape I am +💎🙌🏼 + +Edit 3: wow this got a lot more traction than I thought. As Said go check out the comment by u/EXTORTER , he has done some really fine work. If there would be any dd released based on this I will post it here but as of now there is none as far as I know of. These messages send to me by a stranger turned out to be somewhat interesting and some apes found some things. Hope someone can figure the whole puzzle out on what it means, and specially what it means for GME. +People don't see the full idea behind Michael Burry's TSLA short. Every single article is about how he tweeted at papa Musk and how he thinks that the company is the worst thing since he dropped his glass eye into his cat's litter box. + +He doesn't think that Tesla will implode. He doesn't think it's a failing company. He just sees the reality, which is that all of their profits/revenues are way in the future. + +Let's just say you win a time-delayed lottery and get $1,000,000 in 15 years. Not bad! Now let's say you won the same lottery in Venezuela in 2005. It's not even worth cashing the ticket. + +It's the same deal with companies. Growth companies, however promising, have most of their expected profits in the future. Those profits have to be discounted by the **interest rate** to be turned into todays dollars. In other words, it doesn't matter how much money Tesla is going to make in the future if interest rates surge today. Well... it does matter... it's just worth a lot less. + +So how does this relate to the Burry bet? You just have to scroll down a few lines on his 13F filing. + +Burry has almost as many GOOG/FB calls as he does TSLA puts. Around \~$330MM of them. Why does this matter? These are big tech companies that are actually printing out metric shit-tons of profit today. + +Interest rates stay the same but big tech goes up? Break even. Big tech goes down? Break even. Interest rates rise? Burry makes more money in a year than all of your wives boyfriends combined. + +TL;DR: + +The Burry TSLA short isn't a bet against Tesla, it's a bet on interest rates rising (AKA inflation). +> Eastman Kodak soared on Tuesday after President Donald Trump announced a deal to work with the photography pioneer to produce ingredients in generic drugs in response to the coronavirus pandemic. + +https://www.cnbc.com/2020/07/28/kodak-soars-another-40percent-after-trump-announces-deal-to-manufacture-generic-drug-ingredients.html +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'm a 19 year old Japanese male living in Tokyo, Japan. I grew up in the US though and have citizenship of both countries. Fluent in English, half fluent in Japanese. + +For a variety of reasons I'm dropping out of college after one year. Got to leave the dorm in 30 days. Unemployed and looking for a job. No friends or family who could take me in. + +I have no long term goals right now, because I'm not really sure what I want to do in life. Right now I'm focusing on the short term, getting a job, housing, food/water, etc. The necessities. Right now I'm focusing on how to solve the issue of housing. $1000 is nothing, maybe 1.5 months of rent at a sharehouse. So I'm looking at other options, which include living in a storage unit, living in a tent, living in a sleeping bag at parks, living in a car, etc. There are problems to all these options though, like the fact I cant drive, living in a storage unit is illegal, that there aren't many places to set up a tent free and legally, etc. I've also been considering the US or French military, but I'm not sure if the military is the right path for me. (In addition I dont have my SS or birth certificate which are necessary for joining the US military, which is a slight complication). Do you guys have any advice on what path I should take? Thanks. + + +Edit: Thank you for all the great advice. I'll be spending the next 2 weeks looking and applying to jobs non stop. Thanks to you guys I got a lot of new ideas on the kind of jobs I should apply for. Also got great advice on how to find cheap housing. I'll post an update in a month. Thank you again! +ETA: And that's all folks! The account was pulled at 3pm on Monday 19th. Merry Christmas. + +[Link](https://www.coventrybuildingsociety.co.uk/member/product/savings/regular_saver/first-home-saver.html) to the account - [Link](https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-savings.pdf) to announcement that it will rise to 5% + +Coventry Building Society's First Home Saver is currently paying 2.95%, but the rate will be 5% from 6th January 2023. + +The account is technically a regular saver. It has a maturity (a long 3 years) and a maximum monthly deposit (a whopping £1,000) but no minimum deposit. There's also unlimited withdrawals, without loss of interest. + +This is effectively an easy access account paying 5% on your entire sum (up to £37,000) depending on how long it takes you to feed it into the account at £1,000pcm. + +At no point are you asked if you are using this account to buy a house for yourself or for someone else. The only home-buying thing about this account is a £500 bonus if you get a mortgage with Coventry BS. I can confirm the account only takes a few minutes to open - but I already had a Coventry BS account. + +This is still second to Barclays' 5.12%, however that account comes with conditions and a limit of £5,000. + +Even if you're not sure, I would advise you to open it up with a £1 just to secure the account - they may not keep the account available to open for long. +Holy shit. Was this a gigachad get fcked move from GameStop? I mean there's no saying ImmutableX is exclusive to GameStop as far as I see but it does mean that Opensea's big value proposition of zero gas from ImmutableX is no longer an exclusive offering. Was this a pimp slap towards Opensea? They've got enough problems on their hands as it is, and now this. The filing also states that they won't implement any other blockchain without implementing ImmutableX FIRST. EXCEPT 2 other little blockchains we might heard of round these parts. + +Any blockchain other than Ethereum and Loopring ofc!!! + +Holy fck why does it feel like Gamestop is just showing all these other scrubs who wears the pants around here. All your chains are belong to me! + +Galaxy Brain them GameStop! Lets GOOOOOOOOOOOO. +Tofu gets a bad rap because people hate vegans so much (full disclosure: am vegan), but at $2/lb you cant do a whole lot better in terms of [nutrition](https://www.bbcgoodfood.com/howto/guide/ingredient-focus-tofu) + +It has basically no flavor but will absorb the flavor of whatever you want. Theres thousands of recipies out there. Try one! Even if its just adding cubes to your vegetable soup. +I'm a critical care RN with no student loan debt, no credit card debt and no consumer debt. Within the last month my employer has forced me into quarantine without pay for two weeks and have been given around a 7% pay cut. We reuse inadequate PPE (I'm not on a COVID unit) that puts myself and patients at risk and the complete lack of leadership and disregard for human life inside the hospital has be at my breaking point. I absolutely love, love, love my job but the politics and fucked up shit that goes inside hospitals is so gross. I have enough in an emergency fund to last me two years so I left my full time position for one with no guarantee of hours. I feel like I'm bragging when I tell people I'm leaving during these unstable times because they can't figure out how I can afford it. But I worked really hard to put myself into the financial situation that I'm in right now. I just hope some people come out of this realizing debt did not make them happy... Since so many people have suggested that I just move somewhere with a union. Umm, I am a union nurse. They haven't don't shit. And I've made my situation ex·plic·it·ly clear. +No surprise, this comes from Michael Pettis, who is probably one of the best and most reliably unbiased sources of information and analysis on China's economy. + +*The impact of Evergrande has caused financial distress to spread faster and more forcefully than Beijing’s financial regulators expected, putting pressure on them to move quickly to stop the contagion. But they cannot rescue Evergrande’s creditors without also undermining their fight against bad debt....* + +**Read Here:** [https://carnegieendowment.org/chinafinancialmarkets/85391](https://carnegieendowment.org/chinafinancialmarkets/85391) +One day ago, this sub had about 250 members. Now look at it. You apes, all of you, are beautiful, diamond-handed smooth brain crayon-eating rocket-launching legends. I've never seen a sub grow so fast. + +Please take a look at the rules. We did our best to keep them simple, and while we are focused on a non-censored sub, we will remove if we must. We do have some mods who have graciously dedicated their time to help moderate the sub, so give them some props. + +And without further adieu, here is the daily discussion: +I’m looking for advice on where to move my stock holdings. I have a long term account with vanguard it holds equities that I want to hold for years. I also have an account with E*Trade for trading. + +I want a brokerage that will not lend my shares, that doesn’t employ pfof, could allow me to buy from which exchange I choose (preferably IEX) and is fundamentally sound. + +Is there such a place? Is it Schwab? Fidelity? +Edit: Thank you all the (mostly) constructive comments. This got way more attention than I expected. My husband and I are reading all of the responses. We grew up in a world telling us to follow our dreams and we can do anything we want if we work hard. But doing this at this point in our lives is simply foolish. Honestly, we had almost reached that decision but I wanted opinions from someone without an emotional attachment. And we got plenty of those. Barring (pun intended) a magical windfall, my husband is going to finish school. + +I(29F) am hoping I can get some objective advice. My husband (29M) has an opportunity to start a retail and bar business that looks promising. It would cost us only 15k for 50% ownership of the company. The start up costs would be way more but his would-be partner's family is going to fund the rest, at around 40k. His partner is also investing 15k of his own money and wants us to simply match his amount. This has been his dream for some time. The problem is we don't have 15k and in fact are in debt from student loans at about 40k. Which all in all is not too bad except that he is currently 8 classes away from graduating with a bachelor's degree in math. He would have to drop out, and the debt we have been accruing for years would have been for nothing. This offer is in another state, so he couldn't continue school part time or even transfer because he is too close to graduation. If the business failed, and he returned to school, by then we would no longer be residents and couldn't afford tuition. + +I support my husband financially while he is in school. I make around 60k per year. I am happy to be the provider right now, and have never resented the fact that I am in this role because my husband is a wonderful man who I know would do the same for me. My salary would cover us while he is getting the store off the ground, but likely in a paycheck to paycheck way. Plus starting a business is always risky. I can't help but feel like we would be putting our financial future in jeopardy. + +He is devastated at this offer happening now. He knows it is not the right time. But so many people say you should follow your dreams. And this is such a good opportunity. Any other time it would cost us a lot more to get in the door. So do we take the chance at this paying off in the long run and in the mean time my husband gets to pursue something he loves instead of something he tolerates? Or do we pass, and continue on our current path? + +TLDR: Do we follow my husband's dream of opening a new business at a start up cost of only 15k when it means dropping out of college so close to graduation and dealing with 40k of student loan debt plus whatever debt we incur from new business? +First of all I'd like to get this out of the way. Getting an instant deposit from Robinhood for an amount that you do not really have and then investing that instant deposit and trying to do some fuckery is not the same as the infinite leverage glitch. + + +It's not even a glitch. + + +It's called Free Riding + + +And it's illegal. + + + +**DO NOT DO THIS** + + +But yeah we should pool together money to have lawyers in retainer so that when people do autistic things like this anyway, we could probably save their bacon and increase the chances of them doing something as autistic again and doubling content we consume. +Me and my teacher are homies, no one was being mean to eachother. My economic teacher, yes I’m a 17 year old degenerate, and I have been arguing all year about tesla, and now GME. He’s been teaching our class about bubbles (GME is a bubble it just hasn’t popped yet, there’s still profits to be made) in the market and is always talking down to me like I’ve got no knowledge in the stock market. He kept saying GME had no chance to pass $60 today because of hedge funds and such. I can’t bringing up that a short squeeze was possible. + +Today we argued abt GME. I told him it was going to the moon, talked about the short sellers, shitron and such. He called WSB a bunch of idiot millennials who will go broke, said the same thing about tesla. Today I had the honor of telling him to check GME when the ticker was at +79%. He stared at me pissed off and I said “how are your puts now e-trader”. + +Ik the dudes a ton smarter then me on economics I just thought it was funny + +Boys we took a dub today. All of that gets left behind us if we sell. Don’t let them win. + +Positions: GME Feb 26 ‘21 $115 call, 45 shares + +Edit: I have a custodial account, me and my teacher always mess with eachother like that I’m not “bullying him” + +Edit 2: I know I’m retarted I thought the story was funny cause he is smarter than me damn chill +I don't expect this to be super popular but I want to make it as a record to say I called it. + +The good times are almost up. + +Here's a long wall of text, don't apologise for it, no TLDR. Don't expect anyone to read this anyway. + +--- **Everything depends on treasury bonds and inflation** --- + +Don't look at the S&P as a PE ratio, but as a yield, so it's 1:1 with bonds. For example the S&P 500 has a 34.75 PE - in earnings yield 2.9% a year. The ratio between treasuries and the S&P 500 is called BEER (bond equity earnings yield ratio). + +Currently a 10 year US treasury yields 1.4% and S&P 2.9%. The yield on a treasury can't exceed stocks in the long run, who would buy stocks if they could do better in risk free bonds. S&P comes with risk premium due to downturns. + +Treasury yield are near all-time lows due to a number of factors including COVID and the fed printing $120b/month to buy securities. Low treasury yields make S&P look more attractive, driving up the price and down the yield. 2.9% is better then 1.4%. + +This relationship between treasuries, inflation and stock yields determines *everything.* + +Money supply has expanded rapidly due to massive printing. M1 massively, M2 slightly so far. As the velocity of money increases with reopening it guarantees M2 expansion. + +https://fred.stlouisfed.org/series/M1SL + +https://fred.stlouisfed.org/series/M2SL + +Wages are up, commodity prices are up which in conjunction with massive money printing *guarantees* inflation will at the very least run hotter then it was pre-2020 for an extended period of time. How hot... who knows? In 2019 it was 1.8%, so at a minimum we're looking at 2%, probably higher. Not hyper-inflation but hotter then before. This is a certainty. + +--- **The debt burden** --- + +The government funds itself with treasuries and so the yield it has to pay is a major deal. The US has $29t in debt, at a 1.4% yield that's $400b/year in interest payments. Manageable. At 14%, as it was in the 80s, that's $4t a year, almost as much as the entire yearly $6.5t budget. Unmanageable. + +This massive debt expansion gives very little room for the fed to manoeuvre, which makes it very predictable. The fed *cannot* allow inflation run too hot as it would bankrupt America. + +Given a choice between crashing the market and inflation it will crash the market. It does not have the option to do anything else, it cannot let yields rise significantly. + +--- **So what does this mean for stocks?** --- + +Remember: Inflation rate < Treasury yields < S&P yields + +PE ratios going up over last 30 years is not the result of investors randomly deciding stocks are worth more. It's the result of low inflation, therefore low treasury yields, therefore low S&P yields, therefore PE going up, therefore stocks going up. + +The US economy in real terms has been barely growing, a couple percent a year at best, the massive bull run over the last decade is not a sign of economic prosperity, it's almost purely multiple expansion. We're at one end of the pendulum and now it has to swing back. + +Inflation guaranteed to go up = treasury yields guaranteed to go up = S&P yield guaranteed to go up (PE ratio going down). + +The yield on a treasury can't trail inflation significantly and historically has sat above inflation. There are less buyers for something guaranteed to lose purchasing power every year. + +That means if inflation sits at 2.5% we're looking at treasury yields at a minimum of 3-4%. Which means S&P yield (currently 2.9%) has to sit up around 5-6%. This would involve the S&P losing *half* its value from relatively small absolute changes to inflation. + +Even the fed estimates inflation to be 4% in 2021 and 2% going forward which will be the absolute best case scenario. 2% inflation would still cause at least a 20% drop in stocks, probably much more. + +--- **Conclusion** --- + +Inflation running hotter is a mathematic certainty. Treasury yields going up is a mathematic certainty. S&P PE ratio (and therefore stock price) coming down is a mathematic certainty. + +The fed can choose to either fight inflation and crash the market, or let inflation run free and support the market. It will mostly choose the former, however we will see a bit of both. Inflation will run hotter then expected and stocks will fall. + +The market won't crash all at once bar some unforeseeable event, this won't happen overnight, it will gradually wheeze down as treasury yields adjust to the asset purchase taper and inflation ticking up. I am naming the upcoming event **"The Great Wheeze"** and I expect everybody to call it this. + +The underlying economy will keep ticking along relatively normal as before, so barely growing in real terms, but stocks will spend years in decline as treasury yields rise. People will recommend 60/40 stock/bond portfolios again. If you are looking to work in investment banks ask to join the bond division. + +I predict this will start within 12 months, probably accelerate early-mid next year and continue. + +--- **Is there a way to make money from this?** --- + +The problem with everything bubbles is there's less opportunity. Almost everyone is going to take a hit. + +Diversify away from US stocks, invest in low PE foreign markets with high underlying growth to counteract PE compression. Economies that aren't to dependant on exporting to the US is best. We're at the cusp of a new era in investment that will be defined by international markets. Commodity and defensive value stocks with decent dividends are probably solid. + +The other option is to hedge with 20-40% of your portfolio. Hedge against treasury yields going up (hello Burry) and the market going down. Goofy valuation stocks will fall the most. The problem is the market can stay irrational for extended periods of time. + +Holding cash is ok, but inflation will start to eat into its purchasing power. There's not going to be a sudden dip and then rebound, it will wheeze out for years, as it's not caused by some temporary recoverable event like COVID or the GFC, it's caused by the economic equivalent of gravity. + +The other option is markets don't collapse in uniform. Typically there's a cascade of collapse that starts at fringe markets and heads inwards towards the core. If you're holding stocks pre-collapse, selling them and buying in sectors that have already collapsed is another play. + +Best of luck fellas, catch you on the other side. +What is a smart contract? How do smart contracts work? And what are they good for? I'll try to answer these questions in this post. + +## What are smart contracts? + +A smart contract is an agreement between two or more parties in the form of computer code. The contracts are stored on the blockchain and cannot be changed. Transactions that take place in a smart contract are processed by the blockchain, which means they can be sent automatically without the intervention of a third party. When you enter into an agreement with a smart contract, no confidential advisor is required. The transactions only take place if the conditions in the agreement are met. + +## What can smart contracts do? + +Smart contracts help you exchange money, stock or anything else of value in a transparent, trustless manner, all while avoiding the services of an intermediary and the possibility of conflict. Smart contracts provide you: + +* Autonomy - You are the one who makes the deal and you don't have to rely on an intermediary to confirm transactions. The execution is automatically managed by a decentralized network, which excludes manipulation of contracts. +* Speed ​​- Automated contracts can save you hours on manual paperwork. +* Security - Smart contracts are secured with similar cryptography that encrypts websites. In short, it keeps your documents safe. +* Savings - Because they disable the presence of an intermediary, smart contracts can save you a lot of money. Where, for example, you would normally have to pay a notary to witness your transaction, this is now regulated by the blockchain. +* Backup - Unlike files on your computer, data on the blockchain is duplicated many times over. So you do not have to be afraid of losing something that is registered on the blockchain. Also, there is no way anyone can say they lost the contract or the dog ate it. + +## A smart contract in effect + +As an example; If you were to register cinema tickets on the blockchain using a smart contract, then as a visitor you will receive the tickets in your personal wallet. You only have to show the address to which the tickets were sent upon entry and the cinema can immediately be sure that you do not have any fake tickets and that you have actually paid for your tickets. This gives a better customer experience and the cinema can save a lot of costs in this way because it no longer needs ticket processing services. + +## But why is this so safe? + +Thanks to blockchain technology, we can decentralize smart contracts so that they are fair and trusted. Decentralization means that they are not controlled by one central party, such as a bank or the government. + +The blockchain is a shared database managed by many different computers (nodes). As a result, not one person or company has control over it. It also means that it is almost impossible to hack it and therefore smart contracts can be executed securely and automatically without anyone being able to change them. + +## Best practices for smart contracts + +In principle, smart contracts can be used for any type of transaction, it does not have to be financial. Here are some industries where smart contracts can be used conveniently. + +## Insurances + +The insurance world could be shaken up considerably by blockchain technology. An example of a smart contract was a project run by a French insurance company called AXA. AXA offered flight insurance that were paid out if the policyholder's flight was delayed by more than two hours. AXA was running a pilot project that payed out insurance via smart contracts on the Ethereum blockchain. Unfortunately the project has been discontinued. + +The smart contract worked with an “if / then function”: IF the flight was delayed by more than two hours, THEN the policyholder would be paid. Because the smart contract was connected to a database that keeps track of flight times, the function could be performed automatically and paid for via the Ethereum blockchain. This would have saved a lot of time for AXA, but also for the policyholder. This is just one example of the many options that smart contracts offer. + +## Healthcare + +Within healthcare, smart contracts will be used to record and securely transfer data. We can already see examples of smart contracts used in the medical industry, such as the company Encrypgen, for example. This is an application that uses blockchain to transfer patient data in a secure manner, eliminating the need for third-party access. In this way, the patients are in control of their own data. If researchers want to use patient data, they have to pay for it. The patient also chooses whether the data may be sold or not. + +## Governments + +Governments guarantee that it is extremely difficult to manipulate the voting system, but despite that, smart contracts could alleviate all concerns by providing an infinitely more secure system. Smart contracts could also prevent low voter turnout. Much of the small turnout is due to a clunky system consisting of lining up a queue, showing your identity, and filling out forms. With the use of smart contracts, anyone can transfer their votes securely online, which is expected to generate much more response. + +## Business management + +There is still a lot of room for improvement within business management and smart contracts can help a lot. Why do administration when everything is registered on the blockchain anyway? Right, the blockchain is already doing the work for you. You also do not have to make a pay slip every month. The money automatically goes to your employees as soon as they have fulfilled the agreements. Companies can simply set up a smart contract that states: IF the date is 10/20/2020, THEN $2500 will be sent to employee A. This means that employees will always be paid on time and that they will never be underpaid. The advantage of the company is that it is all automated, saving them a lot of time and money! + +## Fundraising (ICOs) + +In principle, anyone could create their own token and sell it to the general public in order to raise money for a project. In 2017 there was a real ICO craze, where some projects managed to raise tens of millions within hours. There was even an EOS ICO that lasted for a year and racked up more than $ 4 billion in total! + +If you want to organize an ICO (Initial Coin Offering) you create a token and a contract to sell the token. The function of the smart contract in this case would be: if person A sends an X amount of ETH, person A gets an X amount of tokens. + +## Smart contracts in a nutshell + +The most important features of a smart contract are: + +* Digital Agreement - A smart contract is an agreement in the form of computer code. +* Blockchain - Transactions are processed by a public database, based on blockchain technology. +* Confidentiality - A transaction can only take place if the conditions in the agreement are met. + +## Conclusion + +It will be a while before smart contracts are everywhere in everyday life, but we can say with some certainty that the technology has a lot to offer. + +I hope this post helped you with: + +* Getting a better understanding of smart contracts +* Understanding the significance of smart contracts within the crypto space. + +&#x200B; + +* Next post: [NFTs](https://www.reddit.com/r/CryptoCurrency/comments/mexb51/defi_explained_nfts/) +* Wondering which crypto wallet you need? Check my post about wallets [here](https://www.reddit.com/r/CryptoCurrency/comments/mdjsrj/defi_explained_defi_wallets/). +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? +Today’s WSJ article on “whether you have enough to retire” + +Questions I have: +-why do all these articles and calculators base your nest egg targets on your current income, not your expected/desired retirement spend/cash burn? + +-is the 4% rule not conservative enough? This article does have me second guessing as we approach a YUGE milestone in my HH + +-he recommends building a relationship with a financial advisor, which is more or less where the author lost me and zapped his credibility. + +-side note I work for a large bank and have numerous friends here in wealth management/private banking and at other institutions and boutique money managers and I honestly have little if any respect for their value + +https://www.wsj.com/articles/how-to-know-if-your-retirement-savings-are-on-track-11617311712 +As a single person, I earn about 35K and have about 40K saved. So if I'm not wrong this means I can get a house or flat up to 200K now with my savings as a deposit and a 150K-ish mortgage. + +However, the houses I want are closer to 300K. To get these properties, I can hold off on a purchase now, focus on saving more, earning more and combining with a partner eventually to buy a house 300K+ with a mortgage and deposit. However, in the time it'll take me to do this (say 5 years) - I presume house prices will have gone up further making it more of a stretch. + +So considering the above - is it better to buy a <200K property now to get on the ladder (and perhaps sell later) or wait till I have enough to buy a more expensive property? +I've contemplated this several months now about building my own robo-advisor, esp. after frustration over SIP. I am also using paid service (Wealthfront and Betterment) in parallel, so know how these systems work pretty well, + +With the fee (or gotcha for 'free) these services pose, I am seriously thinking of building my own robo-advisor using API enabled brokerage (currently thinking of TD or TradeStation). The rest of the features I'll just rely on the brokerage itself (e.g. for tax forms, occasional manual adjustments if needed) + +Anyone into doing this, or have already seen something out there (that I may contribute to). + +Also open to collaborations (I'm fairly good at Typescript / Javascript and can pick up Python quickly if needed). +# First of all, a note behind my thinking regarding sending my findings to the SEC and FINRA: + +Regarding: [https://www.reddit.com/r/GME/comments/mihbr1/i\_have\_contacted\_the\_sec\_regarding\_my\_findings\_of/](https://www.reddit.com/r/GME/comments/mihbr1/i_have_contacted_the_sec_regarding_my_findings_of/) if you missed it + +There were many of these comments: + +* 'they're not gonna do anything' +* 'they're in bed with the hedgies' +* 'now they're gonna halt trading and screw the squeeze' + +and while some may be from shills (last one especially), the first two are not an unreasonable sentiment to have at this point. Whether I agree or not is irrelevant, but I'd like to explain why I did what I did and will continue to do so: + +* It's not like they don't know what's going on. I don't think I'm the first person to find what I found, and it's not revelatory. This was about letting them know that we know, and that we're watching. +* It's about removing plausible deniability. I will continue to track this activity and to report it. Once you remove plausible deniability, only complicity remains. +* In theory, they do work for you, and to protect you. Given enough pressure exerted through media and your representatives, they cannot sit idle. They have to at least pretend to do something. +* All it takes is one investigator with a hard-on. In every institution, no matter how corrupt, there are sticklers, there are professionals, and there are people who will put their life on the line for truth and integrity. +* You are vastly underestimating your influence. On January 27th, did you think we'd be producing this level of research as a group? That'd we'd uncover huge schemes of corruption that have bled our world dry for decades? That we'd start uncovering it THE MOMENT WE DECIDED TO? None of us did. We are powerful far beyond our own understanding. The same goes for exerting pressure on those who should protect and serve you. You have no idea what can be done, because we haven't tried. + +Apathy towards institutions, the system, the establishment and democracy in general is understandable. One voice will be silenced. When thousands of people start pressuring their reps with concrete and coherent evidence, they cannot be ignored. Yes, the system is designed to give an illusion of working for you. But when you pressure it with such heat, they cannot admit it's not meant to work for you. + +# But what about the 005 DTCC filing? Isn't it over? Moon this week? + +* The 005 looks good, but how many times have you gotten excited about something for the chart to go +0.5%? +* It's not over until it's in effect and we start mooning. Until then, it means zilch. + +# 'The Game Did Not Stop' Project + +* Many of you asked for a professionally packaged piece containing my research that could be presented to the media, government officials, etc. +* Many of the you asked whether we could compile a summary of the most damning and evidence-driven DDs, as well as an outline for the whole story. +* Many of you asked me to contact investigative journalists or writers to pick this up. +* Someone wrote 'there must be someone here who writes for a living that can put this together'. + +Well...there is. + +And I'd love to do it. + +In fact, I have been making dozens of pages of notes and bookmarks to write a book about my own GME journey when this is done. + +Somebody suggested a particular writer that does investigative books that would own this subject. That's great. But that's not going to be the same as someone who lived it. Writing that book will be my main post-moon focus whether it moons tomorrow or in a year. + +For now, I know I could use my skills to package all that knowledge into a singular resource that dispels all the lies and manipulation, and sets out a data-driven theory of what's actually happening.A way to get the truth out of a 'Reddit echo chamber', and show the outside world, be it your relatives, your senator, the media, or Joe Biden - that this is not a cult, this is not a bunch of neckbeards thinking they're the protagonist in an anime, this is a community of professionals, long-time investors, and other reasonable adults from all walks of life that set out on a quest to find the truth when they've been screwed, and every institution in the world who's meant to protect them, abandoned them. + +# Why I think this is the way + +We have excellent minds working in unison here. We all have a particular set of skills. We are all Liam Neesons. We are what the internet was meant to be - collaborative, supportive, trying to help everyone up instead of keeping them down. However, we are currently confined to somewhat of an echo chamber. That's not our fault, it's how the internet works right now. + +This is why I believe that a comprehensive but easy to understand and compelling summary of the most damning and evidence-based DD must be created and distributed to everyone that is meant to protect and serve you, in government, in law enforcement, etc. It must be distributed to journalists and activists alike. If you want official petitions to get going, it needs this. If the rug gets pulled again, and you want to set up a class action - it needs this. + +We have already shown that we are powerful and competent beyond our wildest estimation. We have rearranged our internal worlds to make space for this, to understand, to learn. We learned, we investigated, and we are onto them. + +It's time to start affecting the external world. We could have a signed confession from Kenny G but it doesn't matter if it never gets outside of Reddit. We all have voices and connections. After my research went live, it turns out two of you live next door to FBI agents/directors(!), several of you work in the press, and someone even had an email I could use to reach John Oliver. It's incredible. We all have ways to affect the world in our own little way. + +Right now however, our message is scattered. If it was comprehensive, coherent, and polished, it would be endlessly more difficult to dismiss and ridicule. + +We are not crazy, we are not delusional, we are consistently reasonable, conservative, and collaboratively expanding our shared knowledge and understanding. We help each other, big apes explain to smaller apes, it's actually pretty incredible what goes on here. You all have a right to feel great about what happened here regardless of final outcome. + +# About me - You decide whether you want to put the trust in me to do this work: + +* I hold a degree from the London School of Economics in a non-financial subject. As you may or may not know, that's a prime breeding ground for the City of London banks, corporate management, and future heads of state. I have rubbed shoulders with the slimiest of them, and I profoundly understand the callousness and arrogance of those who think they are entitled to the whole world. Luckily, while I was there, I also learned I am not any less capable than any of these MFs. +* I made my living as a copywriter, marketing exec, and brand strategist for 7 and 8-figure companies. Every thing you can think that a company would create to promote themselves, I have done, as well as commanding these things on a macro level. I've been been the youngest person in a boardroom by a margin of 25 years, telling them the approach they used for the last decade is wrong, and convinced them. +* I have project managed and edited the publication of 150+ pieces of long-copy content a month. I have had weeks where I wrote 120-150 thousand words of original content. I have ghostwritten for international-household-name publications. I have ghostwritten Master's theses without holding one myself. I have written and composed eBooks up to 120 pages in length. +* Obsessive research is my fuel. My approach always was 'Writing is easy, you are paying me to understand your business.' I have developed a meticulous research method that allowed me to crunch and understand 7-figure companies in less than 1 week and construct whole new brands in 2. +* When not scrambling to post data asap to you apes, I am a competent and captivating storyteller due to another activity that I'd rather not discuss as I might as well just doxx myself. +* The best topping on a baked potato is bacon. + +# My situation: this is not a sob story, this is for full disclosure. This is my GME story and how I ended up here. + +* I live with a disorder that makes it hard to regulate emotions, especially stress. As a result, I suffered a minor breakdown and depressive episode after the January crash. I got FUDded. It worked for a little while. It wasn't about 'losing' money - it was about the fact that I've been taken for a fool. I was vaguely informed back then, at best, I admit. But I have never been fooled like this. I've never even believed or invested into a 'sure thing'. I gambled once for 5 minutes when I was 8 years old with Pokémon cards, lost, and I hated it. I am cynical and skeptical beyond measure, but from what I could see, GME was the surest of things. And yet, something else happened. Since then, I have set out on a personal quest to at least confirm that I made the right decision given the available data, and that there was fuckery here. I've never had a problem with admitting I am wrong or made a mistake. The problem here was, there was no credible data apart from the Marian Trench in the GME chart to suggest that this was a mistake. The FUD started becoming too intense and desperate to be credible. When I was 18, I bought watches at police and repo auctions, and would sell them on eBay. After a while, I flipped up so much, I put 50% of my capital into a Rolex. The first time I wound it, the catch for the spring snapped, and it unwound breaking all the fine cogs off the gears. Do you think somebody gave a crap? Do you think somebody told me: 'You better sell it before it gets more broken!'? None of these hedgecucks would give a damn about someone losing money if they just made some. I know exactly how much it costs to get an article written for one of those publications. They were incessant, and clearly had editor guided bias. It was not squoze, and it was not over. +* The next few weeks were spent learning about GameStop, Ryan Cohen, and averaging down. I realized this guy was a massive stud, and I'm going to get tendies squeeze or not. At $45, it was just too good not to Yolo. I pulled every spare asset and liquidated it - I sold my car to average down. Yup. My office is 7 metres from my bed anyway. I am all-in. I am in position that I will be paid handsomely, squeeze or just RC transformation. +* The same disorder manifests in the inability to focus on multiple things. I am able to focus on things that interest or I'm passionate about 19h/7. Once I get into it, I don't stop until it's done, it's solved, or I'm the best (if it's a competitive endeavour). I am not able to even attempt doing things that I've lost interest in, or things I'm being forced to do, or that I don't consider 'important' in some dimension. It causes me emotional and psychomatically-physical distress. My whole body fights against it if I'm not passionate about it. +* Due to this whole journey, I have completely neglected my business, and lost, or gave up 90% of my clients. It is what it is. It was either endlessly breaking promises, or a clean break. Once I am in something, I am balls deep. I don't have the time, desire, or willpower to engage with anything else. I had to figure out if I made a mistake, and if I've been cheated, then how. That is my nature. With my skillset, it's not really a problem to get clients, so I am not stressed over this long-term. +* However, I didn't plan to put myself out of work while following this rabbit hole and YOLOing my life's work to average down. I guess that came organically. +* That is the situation. + +The reason why I'm describing this is to give some perspective. Because I am fully aware that other apes here create god-tier DD while working their full-time jobs and staying in check. I am not able to do that. My conditions are a gift and a curse. Whatever I focus on, I kill. It's just if what I'm obsessing about isn't making me tendies in the short-term, I end up in hot water sometimes. For reference on hyper-focused I can be on the right things, the whole deep-ITM-call research and writeup took less than 8 non-stop-hours. + +A lot of you asked me privately or publicly what I need to continue researching GME, whether they could help, or said that you will contribute if I need it, or would love to buy me a beer for the work I've already done. This is why I've decided I don't need to feel shame about asking you for help. In my storied career in researching and writing, you guys have been the single most appreciative and supportive 'client'. This is why I have tried to list every relevant competence and factor that I could without outright doxxing myself - I am treating it like any other job interview. + +Right now, I would love nothing more than to keep working on the GME rabbit holes and start putting together a coherent, complete summation of this whole shebang. I have earned a lot of money for a lot of different companies, but I never felt that something I did was as important as this. + +I don't want to do this to feel important. I don't want to do this to be the face, the leader, or anything of this movement. I don't want to be a dubious YouTube celebrity. I actually have zero desire to reveal my identity until LONG after this is over, and all legal, financial and security matters relating to newly acquired tendies have been settled. I want to do this because I know there are many of you there that went through the same torment of self-doubt, of feeling crazy, or stupid, or taken advantage of. And some of you that went through that are not as fortunate as me to have the skillset and experience to bounce back into comfortable life if somehow these fraudsters wriggle out of this quandary.  + +I want to do this because you have been kind enough to show me that my skillset and character can make an immeasurable difference to something that can change the world forever. + +I just want to keep giving my all to this community, but while knowing my family doesn't have to worry about where the next rent is coming from while Daddy is looking at the numbers and charts on his PC until 6am every day. What I'm asking of you isn't really for myself, I can live another 3 months on McDonald's. It's for those who have been worrying about me. + +The amount that you will see as the Kofi target represents my family's living expenses, as well as my expenses for tools, data, separate gear and security measures for the next 3 months. Just for perspective, the amount I arrived at is less than what 100 hours of my time would cost a client. + +# What happens to the money if it moons before any real work is done? + +* I will 10x the money received and donate it to a mental health charity that I deem trustworthy pending some research. +* I will immediately get to working on that book, and send everyone that contributed a box of 10 to give out to all the people that ridiculed your investment - Here, educate yourself on why I'm a millionaire and you're not. +* In fact, I will send everyone that contributed a copy in any scenario! + +# The Ko-Fi link: [www.ko-fi.com/dejf2gme](https://www.ko-fi.com/dejf2gme) + +# Itemized Statement of Work, i.e. The Blueprint + +* Completion of the deep-ITM-call-anomaly thesis. Investigate, validate, and put into ELI5 terms the mechanism of what IS happening with the deep ITM calls. So far, I have shown there is undeniable fuckery afoot. If we are to press ahead with trying to publish in reputable publications and apply pressure to all possible LEO/regulators, I believe there is no room for error or misconstruing. I'd hate for someone's effort to go to nothing because they throw it out and discredit it due to a misconception or error. Luckily I have been contacted by some very smart Data Science apes that will be able to help get this right. I also want to take time to contact scholars and academic researchers for review. +* The other side of the story - married puts, and hiding FTDs in puts  to form a coherent picture of both sides of options being used to reset FTDs +* Polishing and publishing of an ELI5 document for the deep ITM calls and married puts to be picked up by investigative journalists, LEO, etc. +* First, assemble an ELI5 intro to all the terms, from the definition of short-selling all the way to the complex to preface the whole document. +* Working with mods and DD writers to assemble a chronological timeline of relevant evidence to form as complete a picture as possible. +* Working with DD researchers to assemble all the relevant indicators that indicate manipulation and their explanations. + +Possibly with more budget: + +* Engage my close associate who is also invested in GME and is an indie filmmaker / director / editor to create a visual presentation of this document. +I’ve been investing a little more than a year and I do all my investing in my TFSA. My portfolio consists of 90% S&P and 10% in some speculative stocks. I don’t plan on pulling from my investments for at least 20 years and from what I understand nobody has ever been invested in the S&P500 for 20 years or more and not made gains. Is it really that risky to allocate most of my money into this index? +>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) +Hi guys, +I have a couple of watchlists of stocks on Kite which shows the previous close/open percentage change but I'm looking for a way (Kite or third party site or any other way) to monitor real-time percentage change from 52w high (even better if there's an option to change the time range from 52w to 1 month or 3 months) + + +Thanks :) +I'm no expert but it really seems like everything the fed can do has been exhausted and the markets are crashing. I remember 2008, but this has very different feel to it. Even in 2008, I don't remember stocks losing 25-30% of their value in a day... +I know many are big into YNAB, but it is not for me. It doesn’t allow me to connect my EU bank accounts which immediately makes it unusable for me. I also don’t have the time needed to make use of such a detailed offering. + +I have tried Bankin’ which is actually decent in terms of bank account connectivity (Amex, Revolut, standard bank account) and interface/analysis, but the expense categorisation is terrible. I think something like 80% of my expenses are uncategorised which makes the budgeting analysis part of the app kind of pointless. + +Linxo is a good french one, with much better expense categorisation (and when you manually categorise an expense it applies to all similar historical expenses) but there are connectivity issues with Revolut for example and lastly the app is in french which kind of sucks for me. + +Spendy didn’t have the right bank connectivity for me. + +Does anyone use a good app here they can recommend? + +My criteria are: +- bank account connectivity +- decent expense categorisation (at least just average) + +I’m really more interested in a broad overview so as long as the interface is good and my banks connect correctly then I will probably be happy. +Hi everyone, + +For those living in Poland, what is the generic advice in terms of short/medium-term investments (e.g. 3-5 years) and long-term investiments (e.g. 20+ years or retirement). + +* I have a PPK with my employer for which I am contributing 4% of my salary, with my employer contributing 1.5%. + +* I also have a Degiro account and I've been topping it up monthly into VWCE. + +* I've been thinking about an IKE account and possibly alternatives to Degiro. + +Any advice on this type of approach? What do you do for yourself and what kind of approach do you take? + +How would you invest to minimize loss due to inflation, given in the following: + +* Short-term: house deposit to be used within the next 1-2 years. And emergency fund to be used anytime it is needed. +* Medium-term: I have some cash I'd like to use within 5 years. +* Long-term: funds to be used for retirement (in ~20-25 years). +Reading through some motley fool reviews. Lmfao + +https://preview.redd.it/70pq4d5wepb71.jpg?width=2476&format=pjpg&auto=webp&s=14084830c87dec429b2bc8e3234ade1e0cd0af84 + +&#x200B; + +https://preview.redd.it/g708zwfyepb71.jpg?width=2412&format=pjpg&auto=webp&s=46280255d1611b4897e5b86747debdc8b548d967 + +&#x200B; + +https://preview.redd.it/d05x1gezepb71.jpg?width=2451&format=pjpg&auto=webp&s=498e57bb0e360f7a7fdf1364b7f9b92f8f626618 + +&#x200B; + +https://preview.redd.it/1zjynad0fpb71.jpg?width=2456&format=pjpg&auto=webp&s=5134346d5de4393fcc41f067f2900ea8b199f6e7 + +&#x200B; + +https://preview.redd.it/tfkzch61fpb71.jpg?width=2469&format=pjpg&auto=webp&s=4f2d09aeb98da274d98c5273e30998bf35ec2047 + +&#x200B; + +https://preview.redd.it/40kgaas1fpb71.jpg?width=2485&format=pjpg&auto=webp&s=8b05e116378f74ad6ba3f714ddc3db83740e2c06 +I saw a post recently that was talking about win %, and how important it is. People were bragging about there 85% win ratio, but risk to reward ratios were terrible. People have to realize that win % doesn't matter until its combined with risk to reward. I wanted to break down the real important of risk to reward ratio for beginners, and try to demonstrate why trading is purely a statistics game + + +**What Is Risk To Reward Ratio?** +Risk to Reward ration is a simple metric used to see how much a person is risking in the market vs there potential to make in the market. For instance if your risking $100 on a trade, but your price target is $300 then you have a 1 to 3 risk to reward ratio, meaning you have to win 25% of the time to just break even, anything above that win rate and you will be making money + + +**Stats** + +Down below were my trading stats for this week, on average I had a risk to reward ratio of 1 to 3 trading NQ futures, but I wanted to backtest my trades vs other risk to reward ratios. You can see by upping my risk to reward ratio to a 1 to 7.5 I decreased my win rate by 17%, and increased my breakeven rate, but my profit increased by over $1300. Funny enough if I went for the the higher win % which I feel like most beginners do, I would of made $2000 less then I did. + + +**Key Take Aways** +Trading is a statistics game, I know a lot of traders when they start out chase the high win rate, but it doesn't even matter as much as the risk to reward ratio. Most traders I know, only win 30-55% of the time, but there RR is always over 1 to 3 Furthermore, try to not believe all the youtubers who post there strategies with win % of 80% +. If you want more educational posts like this let me know thinking about doing more of these + +[Trading Stats based on risk to reward from trades this week](https://preview.redd.it/zeqkf4uyz51a1.jpg?width=901&format=pjpg&auto=webp&s=c4909836aaca0e2f75852d57fb792f42a511e5a4) +In the last 24 Hours i see a lot of posts, which state, that the MOASS and the market crash will hit a lot of innocent people and small investors. They try to make the moass look bad. Remember in 2008, when the economy crashed, it was the hedge fonds and the banks issue, as it is now. Dont feel bad. Even without GME the market is a corrupted bubble, GME is just the trigger. If it doesnt crash now, it would crash later either. + +So i say it again: IT IS THE HEDGE FONDS FAULT + +I bought GME because i like the stock + +Edit: Sorry for my english + +Edit2: Some people commented something about the "dance/dont dance" drama. This post has nothing to do with it. I myself was just browsing new and rising posts, so i found these. + +Edit3: people still comment about the "dont dance" thematic. Again, this has nothing to do with that. I mostly browse this sub by new and there are many posts which make the moass look bad. Obv getting downvoted, but i think we will see more posts like these, by giving us the fault of innocent people loosing money. + +Edit4: So many comments, cant respond to anyone now. But thanks for the support. +I am an engineer and have a fair sense of economic terms. But I am not understanding the hullabaloo about the stock market fall on Monday. Explain the chain of events that led to Friday's sell-off and Monday's drop +**\*\*\*\*\*\*\*\*\*\* Not a financial advisor. Not financial advice\*\*\*\*\*\*\*\*\*\*** + +https://preview.redd.it/8yfbwi2zasv61.png?width=1170&format=png&auto=webp&s=1c8705410d909110c224cc0a9a7e2ed710f13859 + +Apety apety apes. What's the difference between GME and my wife? GME doesn't fuck the mailman. Though my wife is a legal midget, GME is still wayyyyyyyyyyy more shorted than she is. Alright, enough about me. As always, remember to see my previous posts about the FTD cycle theory or you will be more confused than I am when my wife ISNT cheating on me. Also, I hope you apes like my new avatar. Like everything else I do, my goal was to make it as abusrd and strange as possible. + +So today's post is just gonna be a quick update on what's happening with GME and the FTD Cycle and obviously a meme drop. My plan is to give big updates when something major happens or when I do new research and then smaller updates like these whenever I see necessary of when I get bored. + +**Today** + +Overall, today was a pretty good day. We were up slightly on lower volume but not as low as it has been in recent weeks. We almost hit $200 in the post-market yesterday and I would've liked to see us hit that again today but you cant have everything. Let's take positive days when they're given to us. Here's a day view of the FTD cycle theory. + +https://preview.redd.it/n8f0titsasv61.png?width=1992&format=png&auto=webp&s=d798d43f4e56dd1d6c9a8cc3f5210dca94148443 + +Just want to reemphasize a point that someone made yesterday. When I used a log scale and noted that the FTD Cycle period was increasing linearly, I failed to realize that a linear increase on a logarithmic scale is exponential on a regular scale. This makes complete and total sense because less than a year ago when this started we were trading below $30 and never got near $50 until early January, so the idea that the pattern is exponential seems to make sense. This means that as time goes on, the price should increase rapidly until it's too late. Again, I don't believe that anyone will see it coming when we finally moon, so don't try to predict that. Yes, it's possible to guess when we will see increases, but I don't think it's possible nor beneficial to try to predict when we moon. Finally, I just want to reemphasize the idea that the point of this theory is that it gets more expensive for shorts to continue this game every cycle and that pain seems to be increasing exponentially. + +https://preview.redd.it/icwiyko3bsv61.png?width=1170&format=png&auto=webp&s=82f9e156ff000fa191c03717ba2f8ff8c1fa81e8 + +For the past few days, I've been saying that technicals don't really apply to GME because of the manipulation. I still believe that. However, I have zero self-control. SO I COULDN'T HELP BUT NOTICE THAT WE RESPECTED THAT SEXY UPPER LINE OF THE TRIANGLE AS SUPPORT TODAY OHHHHHHHHH YESSSSSSS DADDY. + +Moreover, I am pretty surprised at the low volume that we've seen so far. The price has definitely been in line with what the theory suggests but volume is still not there. Looking at the chart, it appears that GME is due for a major volume increase very, very soon. My thoughts are that either the price will increase this week gradually instead of all at once (so volume will be spread out) or we will see a sharp jump in volume this week or next week. Whatever way you look at it, it appears that some volume is due soon: + +https://preview.redd.it/hb63f09uasv61.png?width=1818&format=png&auto=webp&s=7f145896c147ae38f6c2614c91aaed2bbdf083bf + +Still looking at the chart above, I also want to note IV (blue line in the volume subgraph). IV is still pretty damn low right now, which will make it easier for a gamma squeeze to happen. It's been decreasing pretty constantly for the past 2 months to pre-squeeze levels, so I would expect that when we see volume increase, we see an increase in IV as well. + +https://preview.redd.it/8n85p3ovasv61.png?width=2220&format=png&auto=webp&s=126f4e952350a3cd960fb6b6102b6ce4ed597c65 + +Also, just want to note that today, we definitely saw a pretty major short attack around 12:30. Yes, the market seemed to go down around then too; however, GME and AMC both went down precipitously, which makes me believe that it wasn't just a normal sell-off. + +https://preview.redd.it/5d7x5xt5bsv61.png?width=914&format=png&auto=webp&s=6525c0ff92eff7d920fb433aa7a3fa9fa27024e4 + +Finally, this is probably the most important part of this DD. I plotted a 200-day exponential moving average (blue line) of GME to see what it looks like on a day timeframe, and it's definitely confirming the idea that each period is getting more and more expensive for them to cover. For those of you who don't understand EMAs, don't be worried about the price being so much lower than the actual candles, the price is supposed to be lower since it's period is 200, so just look at the trend: + +https://preview.redd.it/vrampezwasv61.png?width=2182&format=png&auto=webp&s=e46fc3806553b1592b63cb5654eee422050bed3e + +What's even more interesting is that when you take the exponential moving average, it's definitely starting to look more exponential than it is linear. It was looking linear up until January, which is where it seems to have gone more exponential, what's more important is that post-squeeze, it's continued that trend: + +https://preview.redd.it/7pxear0yasv61.png?width=395&format=png&auto=webp&s=8154eb7d6b70809d9ed7a9dd5a0cb02e1d226ea9 + +**Future DD** + +Still haven't started any big future DD projects but I'm thinking that my next ones will be about trying to find smaller FTD cycles within GME based on different settlement times like T+2 and T+5. I will also probably try to decipher FTD numbers by reverse calculating them based on synthetic longs and ETF shorts, but that will take a long fucking time to do and will be difficult. So, stay tuned for those in the future. + +That's it for today apes. As always, stay strong. + +https://preview.redd.it/1sh0to61bsv61.png?width=812&format=png&auto=webp&s=477a40154acc3ebddae7b46dbb56991381c3de4a + +**\*\*\*\*\*\*\*\*\*\* Not a financial advisor. Not financial advice\*\*\*\*\*\*\*\*\*\*** +I've had the opportunity to see a relative acquire a good chunk of land in a beautiful location, build a fairly sized wood cabin and cultivate the land, collect water and use solar for energy, and I've never seen this relative so fulfilled, in fact he told me "I've never been this content with life", I've also had the great chance of experiencing some Homestead life for a few uninterrupted weeks and It changed my outlook on life in a pretty drastic way, akin to taking psychedelics for the first time, i.e experiencing a set of experiences you didn't know were even available, they were hidden, and now you know and while the afterglow will dissipate you will never be the same again. + +This is one of the reasons I'm interested in FI, anyone else in a similar spot? +Not looking to discuss right vs. wrong, just describing a change I went through..... + +For years and years, I had a savings rate north of 50% and saw my net worth climb rapidly....however each new net worth milestone began to feel like a series of empty victories. + +Over the last couple of years, I've lowered my savings rate closer to 30-35% and really bumped up my spending (mostly in terms of eating nicer/better food, going to restaurants/movies/sporting events more frequently, new workshop tools) and my charitable giving (mostly to local charities or people in need). + +I can only speak for myself, but I feel so much happier than before.....as if I am living a more balanced life, which has helped in almost all areas of my life, including work. I think giving $1000 to a flood or fire victim gives me 10x the return on happiness as hitting a new $100,000 net worth milestone. + +Anyhow, just wanted to share my two cents :-) +https://www.bloomberg.com/opinion/articles/2020-06-23/robinhood-traders-will-have-fun-until-they-get-wiped-out + +One time when I was sitting in my college dormitory, I heard a whoop of joy from down the hall. My dormmate announced that he had just made $500,000 trading in the stock market, after having invested only a few thousand dollars. When I asked him how he did it, he grinned and simply said: “Call options.” I spent the rest of the day reading about how this marvelous financial instrument could be used to make a fortune in a day with just a small initial stake. + +Of course, my lucky dormmate doubled down on his investment and ended up losing most of his money when the dot-com bubble burst a couple of months later. + +This saga illustrates the danger of day trading, especially with leveraged instruments such as options. After the 2000 tech bust, day trading declined, but the coronavirus pandemic seems to be driving something of a renaissance. Goldman Sachs Investment Research reports that the percent of trading volume in the stock and option markets from small trades has increased a lot since January, while discount brokerage TD Ameritrade reports that visits to its website teaching people how to trade stocks have nearly quadrupled. Robinhood, a trading app that offers zero-commission trades and a simple, video-game-style interface, had 3 million new accounts opened in the first quarter. Half of its new customers are first-time investors. Many online communities are filled with the standard elements of day-trader culture -- stories of fabulous fortunes gained, hot tips, trading systems and theories and so on. + +Coronavirus probably isn’t the only reason for the boom in day trading. Brokers realized that they could offer zero-commission trades and make up for it with interest earned by lending out their cash balances. Mobile apps made trading easier and more fun than ever, and allowed new traders to start off with small amounts of cash. A new generation of speculators has no painful memory of the dot-com bust. + +But whatever the reasons, the new day trading mania is not likely to result in a happier outcome than the last one. There are many theoretical reasons and a wealth of empirical evidence to suggest that most day traders are wasting their money. + +One of the most important concepts in finance -- and yet seemingly one of the hardest to understand -- is that there are two sides to every trade. For a day trader to make money, someone else has to lose money. In the most optimistic case, the loser could be a normal person who needs to put money in or take money out of their retirement account, and who therefore doesn’t worry much about the price at which they buy or sell. But most trades are not this. Instead, day traders are usually buying and selling either from each other, or from algorithms programmed by skilled, experienced financial professionals. If it’s the former, their trading is a zero-sum game. If it’s the latter, human day traders are very likely to lose because the people who program trading algorithms are typically very smart, and their computers can spot market-moving developments faster than people can. This is why professional human traders have been increasingly driven out of the market. + +A related problem is the idea of slippage. Day traders might think that because they’re paying zero commission, their trades are free. But when a day trader places an order, a trading algorithm somewhere quickly figures out that they want to buy or sell, and raises or lowers the price accordingly, so that the day trader gets a less favorable price. + +Another reason day trading is a bad idea is that people often fail to understand when they’re winning and losing. If the market as a whole goes up (as it has recently), many stocks will be winners. That can make a day trader feel like they won, even if they would have made as much or more money if they had simply bought an index fund and held onto it. This is especially true right now, when correlations between stocks are very high -- in this case, meaning many stocks are rising or falling together. + +Finally, day traders often don’t understand the amount of risk they’re taking. Call options of the type my college dormmate bought, for example, are a form of leverage -- you might make fabulous riches, but you’re very likely to lose your money. One young novice investor tragically committed suicide after seeing his account generate large losses; though he probably misread the account statement, this incident drives home the point that investors may not be prepared for how much money they can lose with the trades they’re making. + +A large amount of empirical evidence confirms that most day traders lose money. A very large 2004 study of Taiwanese day traders, for example, found that more than 80% lost money. A tiny number -- about 0.03% -- earned consistently large profits, but the odds of possessing this kind of skill are slim. Most studies of day traders in the U.S. and Finland yield similar results -- a few traders are consistently good, but most lose out. + +Day trading might therefore be a fun way of gambling for those who are locked inside waiting out the pandemic. But if regular Americans start betting large amounts of their money on individual stocks and options, they’re courting financial ruin. If you want to day trade, the best thing to do is to bet only a small percent of your money to learn whether you’re one of the few who has the skill to beat the market. Day trading should be treated like an expensive video game, not like a way of getting rich quick. +Have a Japanese fund through HL man glg Japan core alpha. Tempted to sell, currently have made 18 percent from my initial investment. What are people’s thoughts on the Japan market? Do you think it’s likely to improve or take a very slow time to recover like the 80s, ? +This post is a PSA/reminder for anyone who has a Ledger Nano S and hasn't updated the firmware to 1.3. + +I have been a holder of ETH for over a year now and have always been extremely careful when it comes to making transfers and the safety of my ETH. I've heard and respected all of the warnings of crypto and played it safe. I can proudly say I have never lost even .1 ETH to a bad transaction! However, I made my first potentially critical mistake in the crypto world about 2 hours ago. + +It all started out with an idea to buy some Stellar. Before my purchase I grabbed my Ledger, which I have had since early last year, and plug it in to see if it will accept Stellar. I quickly figure out I just need to update the Ledger firmware to 1.3. Without thinking, I make the update. + +Little do I know that updating to 1.3 resets the Ledger and requires you to input your 24 seed words to recover your account. Unfortunately, those words are locked in a safety deposit box and my bank doesn't open till Monday. While I understand I should still be able to access my account with the recovery words, there is still a chance something doesn't work right and I am locked out of my account. So now I am stuck here for the weekend, praying to the crypto gods those recovery words are going to work. I can already tell it's going to be a long weekend. + +Moral to the story, no matter how safe you think you are, one fuck up in the crypto world can cause a lot of damage. Always make sure you understand what you are doing before doing anything. And if you ever need to update your Ledger to 1.3, get your ETH out of the account first. + +Edit: As many of you mentioned, it’s very important to test your seed words when you first get your Ledger. You do this by making an account, resetting your Ledger, and testing to see if the seed words recover the account you just created. I never did this, which is dumb of me. Crypto is a finicky bitch. +What stocks do you believe are undervalued have management teams that are excellent operators and capital allocators? Some examples I can think of include GOOG, BRK, AZO, CSU, AMZN, SHW, and AMD +I am recently conducting a financial analysis on TSMC, therefore I have built a Financial Model using DCF to forecast the future cash flows for TSMC. Management from TSMC expects revenue to decelerate in 2023 but expects TSMC to achieve double-digit growth again in 2024 afterwards. What are your comments on my DCF model? Please Comment down below. + +p.s. I have now revised my DCF model, and my calculation shows that the intrinsic value of TSMC shall be around $90/share, cheers to all! + +&#x200B; + +[https://docs.google.com/spreadsheets/d/1UyRy2I9dIRDvUdanOa6iGdj3Wz\_cYeI5\_C-GezTnMYE/edit#gid=686260021](https://docs.google.com/spreadsheets/d/1UyRy2I9dIRDvUdanOa6iGdj3Wz_cYeI5_C-GezTnMYE/edit#gid=686260021) +In my last post, I asked for your best Value Investments right now. The most common names were: BABA, INTC, FB, THECY, MU, MMM. etc. But... I got a lot of interesting ones I hadn't heard of before. The companies below are from your suggestions, but I have taken a quick look at them and taken the most promising ones. If you have any input on any of these stocks, please comment, and lets find the next 10 baggers! + +AN + +SNBR + +ASO + +HIBB + +TROW + +QDEL + +PGR + +SID + +REGN + +GILD + +HIMX +Hi, + +I had always been assuming that share buybacks are better than dividends but it seems like there are more people who think the other way around. + +I was assuming if the company tries to buy back share that can theoretically reduce 2% of the outstanding shares, wouldn’t it be better than receiving 2% yield dividends and paying tax on it for taxable accounts? Also, a lot of the times, the stock price fall down at the ex dividend date which makes it a zero sum game. + +&#x200B; + +Am I understanding something wrong? +INTC PARA MRNA COIN GPRO BBY FL + +How can I find what ETFs or MFs hold all 7 of these stocks? + +Is there a tool or screener where I can type 5 tickers, and it shows me what ETFs hold those 5 tickers? +As a relatively new retail investor, I’ve stocked up on all the reading material from Buffet to Lynch and in between. I’ve been successful 60% of the time +I’d say. + +I’ve tried to remain in the top 200 and landed on company sites to read the reports and try to navigate the financial +health of companies, sectors, what they look like down the line. + +There are many financial products I’m still not clear on. Futures, bonds etc. That’s for me to learn about. Nothing makes you motivated more than your own money bouncing around in the market. + +Just wanted to start this thread for novices and experienced folk to ask questions and get answers. I realise this would have been done or is attempted through various posts. + +So here are three basic questions + +1. With all the current parameters in play - interest rates, inflation, energy prices, oil, low unemployment, wars, food supply, overvaluations and overselling, supply chain issues, sanctions and tariffs, company debt and government debt…. (Feel free to add more I’m not aware of). Where are you putting your capital? + +2. If you are buying, why are you buying that? What have you seen or learned from previous cycles that led to that decision? + +3. What websites, books, articles, apps, newspapers ie (wall +Street Journal, AFR, blogs, podcasts, YouTubers or Yea, even ASX redditors - led you to be a better, wiser and more +successful investor. + +That being said - I believe we should seek financial advice if it’s getting to be too much or you are in financial distress or don���t understand volumes, liquidity, or how to read charts etc. But yeah legitimate discussion. + +For all the fun and sledging, it is also hard to witness peoples money being trashed. Thanks +Two days ago an Agent called my phone and said he have some wonderful investment plan that will give high returns and is guaranteed. This guy was from HDFC bank allegedly, and he had information of how much money I have in FD in HDFC etc. So I am sure it is some HDFC bank's salesman. + +He do not use the word "insurance" till the end of a 30 minute call. He was all talking about "investment" and guaranteed benefits. + +The plan he offered is + +## ABSLI Vision LifeIncome Plus Plan + +**Cost** \- Pay 1lakh per year for 8 years + +&#x200B; + +&#x200B; + +**The benefits he stated -** + +Get 95k every year from 9th year to 18th year(10years) + +Also you will get 25k per year from second year to 18th year garunteed. + +Plus life insurance of 11Lakhs + +Plus personal accident insurance at no extra cost + +Plus waiver of insurance premium rider(you don't have to pay premium if you get some illness etc) at no extra cost + +Plus critical insurance cover at no extra cost + +Plus on the 18th year, you will also get 2 lakhs lumpsum + +Plus if you die in between, like on second year, your nominee will continue to get all the benefits till 18 years without having to pay any premium. + +&#x200B; + +I kept listening for 30 minutes because he kept on saying too good stuff, but then when he said to open the site and buy, I said I am outside now, and can only buy later, so asked him to send the plan to my whatsapp. And he sent a personalized PDF with all details customized for me. + +&#x200B; + +Now after opening it, I found it to be pretty convincing as it had all the things mentioned except the 25k per year for 18 years. + +I would have put a screenshot of this document here showing the details, but this subreddit do not allow images, and it does not allow links to images(I tried and post was removed), so I am unable to show it to you properly. So bear with the text based explanation. + +&#x200B; + +Next day he phoned me again, and I asked him about this 25K, and he pointed to 22,163 in the document and said he had rounded that as 25k. I said okay, people do such things to make it easy to explain. I can see this 22,163 every year in the document. But then I saw at the top it is written as "non garunteed benefits at 8%pa" and there was another tab with "non garunteed benefits at 4%pa" with 100X lesser benefit(Rs 198 per year). So I asked him if it is really garunteed or if it is related to market risk? + +He assured me that it is guaranteed and not at all related to market risk. And when I questioned him why it is written as non guaranteed he said it is for just in case I only pay for 3 years and then is unable to pay, then how can they guarantee a return. I saw his bullshit and asked if I pay for 8 years, will I get this benefit guaranteed, and he said yes. + +&#x200B; + +Then he asked me to open the netbanking of HDFC, and go through the policy myself if I am not convinced. So, I did, and he guided through it and asked to enter his employee code and all. But at the end all I got was the exact same PDF he had sent me in whatsapp. So, no benefit other than verification that the PDF is really true. + +&#x200B; + +Now I said I want to look at the policy again, and he said he will call later. While making me navigate through he site, he had made me untick all the "riders" before generating the PDF. So, for the first time I noticed that in the PDF, even though all the riders are mentioned, there is no numerical value mentioned next to them. So, these are all optional things I have to purchase separately and is not included in the policy, while he was claiming it is all included. + +After some research I figured out that the 4% and 8% non-garunteed benefits are just illustrations of what I may get, and is linked to the performance of Insurance companies investments. I saw this text in their website - + +&#x200B; + +> In the above scenario, 4% p.a. and 8% p.a. are only assumed investment returns and are not guaranteed. Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy off¬ers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance. + +Only the 95k per year for 10 year from the 8th year is true. + +I have all of these CALL RECORDED. I have not purchased the policy ofcourse. What can I do to complain about this incident so that this person doesn't cheat other less informed people? + +&#x200B; + +Tl;DR - Insurance agent is grossly overstating the benefits of the policy, and selling it as an investment. He lied several times about the benefits. What to do? Whom to complain? +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 $900 per week. Again, this will last four months. + +Please remember that unemployment is taxable income. You will need to report it on your 2020 taxes. The money you are receiving is untaxed. Make sure to plan for next year and try to put a little bit of money aside to compensate for the amount you will have to pay on it in 2021. +My understanding that it is very easy to steal tax returns if you have the SSN of the victim, and credit freezes obviously do not work on tax returns. + +It also appears as though no new measures have been added for identify verification since the equifax leak, so as best as I can tell 2018 is likely to be a whole new era of tax return fraud. + +Is there anything we can do? +Hello everyone I’m interested to begin my journey into forex trading but I couldn’t find any place to learn how to begin and because I’m kinda stupid I got scammed. So any ideas where to start? +Some ppl advise anything above 500$, this seems unrealistically low. How are you going to avoid being stopped out all the time? Can you please advise on your own example if possible - what did you start with? + +Edit: Thank you for your advice guys, I appreciate how understanding and helpful this community is. I am sure your advice will help me stay alive (a little longer) in this all out war! +In 2013 and 2017, my grandma called me to ask me "what bitcoin is" at the peak of bitcoin's bull run. Both times after she called, crypto crashed. It's my best technical indicator. + +Don't worry, she didn't call me yet. The crypto bull run will continue. +Pretty self explanatory. I currently rent out a home that I am considering moving back into due to personal reasons. By no means am I looking to make life hard for the current tenants! I am just after advise / experiences from others. + +I will be looking to ask the tenants to leave roughly 3 months early (12 month lease). Has any one had any luck with this in the past? I am thinking at the very least to offer a month or two free rent, moving costs etc. Anything else people have offered to sweeten the deal? + +Like I said, I hope people don't see this as a greedy landlord causing drama. If it doesn't work out the way I want, I understand I will just have to find something else and don't want to try to squeeze people out against their will. It's just that my circumstances have changed and I am exploring all options. + +Thanks in advance! +# TL;DR: This DD will mix together the market manipulation through options, DTCC clearing rules, FTDs, and tinfoil theories for a delicious blend of confirmation bias. The MOASS was prophesied years ago, and we will use the Wayback Machine to highlight important data. Wen moon? 03/01/22. 🦧🚀🦍🚀🐸🚀🍦🚀 + +I’d like to take you on a journey through time. There was a challenge set up only for those who could really take it. There was something hidden in plain sight, and if you saw it, then you were brought to the first challenge. If you fulfilled this challenge, you began participating in the game. + +\------------------------------------------------------------------------------------------------ + +0*5/19/1962* – Before we embark on this journey, I wanted to stop by [President Kennedy's birthday gala in Madison Square Garden](https://www.youtube.com/watch?v=qvoqK6aLE2E&t=1s). I figured it would be a good ambiance to explain some important tools that the "suits" use to keep us poor. In these days, investing was largely reliant upon fundamentals of the underlying. As financial technology developed, new methods developed to speculate on market trajectory. Derivatives sprang up to bet on the direction of the underlying, which gave opportunity to those seeking more risk and leverage. There was, however, *a shift*. **The derivatives market grew so large and complex into a House of Cards that they began moving the underlying rather than betting on it.** + +***There are two teams in this fight. Team GameStop***🚀🦍 ***& Team Shit Face🌈 🐻*** + +🚀🦍 Team GameStop simply wants to create value for shareholders and build an extraordinary company that delights customers. + +🌈 🐻 Team Shit Face is a conglomerate of Market Makers, Hedge funds, Banks, and Authorized Participants who have manufactured financial tools in order to suck as much value as they can from U.S. investments. In 2014, Team Shit Face saw an opportunity: Brick-and-mortar video game sellers seemed to be a decaying industry, and GameStop had a debt problem with questionable leadership. *The objective was simple:* Profit from the bankruptcy of GameStop. The method was complex. There are a host of instruments they use which include: Naked short selling, ETF basket creation, variance swaps, high frequency trading, payment for order flow, futures contracts, failures to deliver and more. + +***Three things I plan to highlight in our journey through time:*** + +**1. Naked Short Selling** + +**2. Options Clearing, Hidden Short Interest, & FTDs (C+35)** + +**3. Continuous Netting System & Supplementary Liquidity Deposit** + +\------------------------------------------------------------------------------------------------ + +***03/7/2004*** – In 2004, [we can find confessions from market makers and detailed playbooks](https://archive.is/KSS6m) describing the techniques used to bankrupt companies to suck value out of companies: + +>In order to participate in “CELLAR BOXING”, the MMs first need to pummel the price per share down to these levels. The lower they can force the share price, the larger are the percentage spreads to feed off of. This is easily done via garden variety naked short selling. While the right hand is busy flooding the victim company's market with "counterfeit" shares that can be sold at any instant in time the left hand is nullifying any upward pressure in share price by neutralizing the demand for the securities. The net effect becomes no demonstrable demand for shares and a huge oversupply of shares which induces a downward spiral in share price. + +It is obvious why this is attractive to Team Shit Face. They take a short position on a company then use market making powers to ensure company decreases in value. Naked short selling is supposed to be illegal, but [market makers are legally allowed to naked short sell stock.](https://www.sec.gov/investor/pubs/regsho.htm) + +>“Naked” short selling is not necessarily a violation of the federal securities laws or the Commission’s rules. Indeed, in certain circumstances, “naked” short selling contributes to market liquidity. For example, broker-dealers that make a market in a security[\[4\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn4) generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks as there may be few shares available to purchase or borrow at a given time. +Rule 204 provides an extended period of time to close out certain failures to deliver. Specifically, if a failure to deliver position results from the sale of a security that a person is deemed to own and that such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity. + +Market Makers can sell shares that don't exist to provide liquidity, as long as they find shares to deliver within 35 days. This market mechanic makes sense in theory, *but it's easy to see how a MM could abuse this power, especially if they coordinate with Hedge Funds*. + +***09/23/2010*** \- Blockbuster goes bankrupt. They were the victim of creative destruction as streaming services and more technologically advanced companies took their market share. Similar things happened 8 years later to Sears and Toys R Us. With outstanding debt, it was near impossible to raise capital to keep these companies afloat. Short selling funds made unfathomable amounts of money and they barely had to lift a finger. All they did was press a button and they received millions of dollars. It was like heroin. They didn’t even have to close their short positions because the companies went out of business, so in some cases they didn’t even have to pay tax. + +***04/2/2013*** – Team Shit Face is addicted to these types of profits and looking for their next hit. They don't need to create anything of value or expend any effort, they can literally siphon dollar bills out of investors pockets and use their market power to ensure they win. In 2013, they set their eyes on another target. The Tesla squeeze is a war that has been waged for over a decade. Studying the movement of this stock can teach us a lot about tactics used to deter investors and manipulate share price. [Here is what an investor noticed in 2013:](https://teslamotorsclub.com/tmc/threads/the-rolling-naked-tesla-short.15417/) + +>There's a pattern of trading which indicates a large player is using options to hold on to a rolling naked short position. Looks like maybe millions of shares. What he does is pre-arrange a trade with a market maker where he sells a huge number of deep in the money calls at a discount to intrinsic value. The market maker on the other side is happy to buy them because the market maker hedges by shorting tesla above 44 ahead of the trade, and then immediately exercises the calls to neutralize the market maker's position. +The market maker exercises the calls. Now what happens is the shorter goes into the exercise pool and gets assigned on most or all the calls. Tomorrow his position will show that he's short 500,000 tesla shares. +Now he's got 3 days to locate the shares (t+3 settlement). He won't pay carrying charges until settlement. But the trade will never settle because he can't find the shares and again, he doesn't want to pay the carrying charge. + +**This was an average investor who looked at open interest to notice two key ways that Team Shit Face hides short interest and manipulates price.** + +1. They sell options to each other at discounted premiums to claim access to millions of shares +2. They exercise and fail these options to roll liability into the future + +***08/9/2013*** **–** [Here](https://www.sec.gov/news/press-release/2013-151) **is a press release from four months later that highlights some of the ways that options are used to hide short positions and evade certain requirements of the short-sale rule.** + +>• Continuous failure to deliver positions +• Using buy-writes, married puts, or both, particularly deep in-the-money buy-writes or married puts, to satisfy the close-out requirement +• Multiple large trades with the same trader acting as a contra party in several hard-to-borrow or threshold list securities; often traders assist each other to avoid having to deliver shares + +***07/26/2019*** – When we come back to 2019 it’s easy to see what was so attractive about Team Shit Face’s position. GameStop had steadily declined over 5 years and they were only months away from GameStop defaulting on debt obligations and granting the ultimate payday. + +**There was a perfect storm. Citadel could legally naked short sell the stock in order to “provide liquidity”. Hedge Funds made millions on short selling the stock and selling worthless far dated futures. They sold variance swaps and then hedged those swaps by building a replicating portfolio. They sold far OTM options, hoping that the calls would expire worthless and then exercises the puts to increase downward pressure. This doesn’t even take into account the institutional shorting on brick-and-mortar indexes in general, as well as the massive manipulation through ETF creation baskets.** + +Keep in mind, Team Shit Face has been doing this for years. We have had AMAs with industry professionals who noticed these manipulation strategies over a decade ago. It was no secret that GameStop was being shorted into oblivion. It was also evident that going long on the victims of Team Shit Face can be massively profitable, such as Elon stock. That leads us to early March 2020. + +***03/4/2020*** – Team Shit Face was inches away from one of the most coordinated and malicious robberies of American finance. [Then the game began. Take a look at the Wayback Machine.](https://web.archive.org/web/20200304172226/https:/www.marketbeat.com/stocks/NYSE/GME/options/) Notice the dates highlighted: January 15st 21, April 16rd 21, July 16nd 21, and Jan 21th 22. + +Someone intentionally archived this options page, leaving a little bread crumb for apes to begin solving the puzzle. Look at the dates. Anything stand out? On surface level, none of these dates mean much to the stock's value. If we want to see how these specific dates fit into the GameStop saga, we need to go over some market mechanics. + +These dates had massive open interest on both long and short options. Think about the years of hedging and institutional investing that went into LEAPs at strikes of $30, $35. With the dramatic price movement since this date, all of these puts are completely worthless and every call is deep in the money. **This means that basically every long term option purchased before Ryan Cohen's investment is bullish, even the ones written and purchased by Team Shit Face to hedge.** + +***08/31/2020*** – Ryan Cohen sets his eye on the transformation of GameStop. He purchases millions of shares and writes a letter to the board detailing plans for transformation. The stock price went up by 22.26% after his initial investment. The stock was already illiquid because no investors wanted to sell out of their positions at such ridiculously low prices, so the purchase from Ryan Cohen made the Market Makers naked short sell a lot of stock. As we read earlier, if the stock isn't settled in 2 trading days, it becomes a failure to deliver. + +>That such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities + +***12/02/2020*** – On this day, failures to deliver spike by 1000%. 1,061,397 shares FTD on Wednesday and 1,787,191 FTDs on the following day. These numbers stay high for about a week, then level off. It is indicative of another large insider purchase, and later confirmed by [Ryan Cohen's filing](https://news.gamestop.com/node/18371/html) on December 18st, 2020. + +***01/13/2021*** – Team Shit Face really begins to sweat. The internalization was getting out of hand. They were attempting to roll FTDs but there were too many being generated every day. At the same time, millions of retail investors started buying shares and short dated options. The combination of hedging, buying pressure, and lack of liquidity caused GameStop to skyrocket. + +***01/27/2021*** \- The price of $GME has thoroughly begun its launch to the moon. It continues to climb and brings more and more calls ITM. There is added intensity because yearly options expired January 15rd, which were now heavily skewed long. + +After the 3rd Friday, the Options clearing period begins and each Authorized Participant needs to post a Supplementary Liquidity Deposit. The Continuous Net Settlement (CNS) System works to net trades with calls and puts, effectively cancelling out most pressure. SLD is estimated based on historical averages for clearing, but there are so many calls being exercised to so little puts that the netting system is broken, and Team Shit Face is left with a massive debit. Check out page 74 & 250 in the [NSCC Rules & Procedures](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf) for more. + +>“CNS is an on-going accounting system which nets today’s Settling Trades with yesterday’s Closing Positions, producing new short or long positions per security issue for each Member. Each day, Settling Trades shown on the Consolidated Trade Summary are netted with the Closing Positions which have been carried forward from the previous day. The resulting net positions represent the quantity of each security due for settlement by the Member on Settlement Date. A long position represents the quantity owed to the Member by the Corporation (the Member’s fail-to-receive). A short position represents the quantity owed to the Corporation by the Member (the Member’s fail-to-deliver). The Corporation is the contra side to all long and short positions. +Each member has the ability to elect to deliver all or part of any short position. It controls this process by Exemptions. By indicating a particular quantity as an Exemption, the Member directs the Corporation not to settle certain short positions or portions thereof. Exemptions govern short positions in the CNS Stock Record and not Designated Depository positions. All short positions or positions thereof for which no Exemption is indicated are settled automatically to the extent that the Member has made such securities available in the Member’s Designated Depository account or they become available in its Designated Depository account through other depository activity.” + +**Basically, Ryan Cohen's massive stake in the company drove the price up a ton because it was so illiquid. As these FTDs came due from the early December trade, a snowball turned into an avalanche. Retail investors hopped on the bandwagon and bought a ton of ITM calls with no puts to net against them in the clearing period. All the APs that posted SLD were left with a fat balance owed and panicked.** + +***01/28/2021*** \- The Authorized Participant that Robinhood goes through sends Vlad Venmo request for $3 billion, with the caption “If you make these stocks PCO then you won’t need to put up SLD for them”. *Robinhood promptly deletes the buy button.* + +**Team Shit Face had no choice but to double down on their position. They shorted it back down as far as they could and cash settled as many call contracts as possible so they didn’t need to buy at market. The SEC report shows that they did not close their shorts.** + +**Team Shit Face likely sold far dated options to each other in order to kick the can down the road and account for their short positions with the OCC. This can be seen in the spike in open interest for 01/28/2022 and 01/20/2023. They then likely used exemption claims to elect not to settle short positions for extended periods.** + +**Once these Deep Out of the Money puts expire worthless, the married calls will not be properly netted and it will drive upward pressure on the stock like in Tesla's case. It is very cheap to roll DOOMPs forward, but the lowest strike price is now 20x higher for next year. Meaning that they can roll their short position forward, but they need to increase their strike range and netting average.** + +***02/23/2021*** \- Market Maker FTDs are due for January 15th expiry. January 15rd + 2 trading days = Wednesday Jan 19st + 35 Calendar days = Feb 24rd🐸🍦. Remember the options in the [Wayback Machine?](https://web.archive.org/web/20200304172226/https:/www.marketbeat.com/stocks/NYSE/GME/options/) Here are the dates that were shown: + +01/15/2021 - Options settle the following Wednesday. MM FTD + C35 -> Feb 24st. + +04/15/2021 - Options settle the following Tuesday. MM FTD + C35 -> May 24rd. + +07/16/2021 - Options settle the following Tuesday. MM FTD + C35 -> August 23st. + +01/21/2022 - Options settle the following Tuesday. MM FTD + C35 -> March 1nd. + +**Typically, we assume that options would settle in T+2. However, because of manipulation tactics used by sHFs and Citadel, the options fail to deliver and are not properly netted until 35 Calendar days later. These are the last four days in the Wayback Machine from the original planners.** ***We finally have the date to end all dates.*** **And it's a Tuesday morning.** + +\------------------------------------------------------------------------------------------------ + +**Now that we have an understanding of how Team Shit Face manipulates price with options and how their failure to net almost led to the collapse of the system due CNS system...** + +***02/14/2022*** \- SC 13G/a is [filed](https://gamestop.gcs-web.com/sec-filings/sec-filing/sc-13ga/0001104659-22-022357) with the SEC. Susquehanna Securities, LLC reports ownership of 3,056,239 shares of GameStop. *What Is Schedule 13G?* The Securities and Exchange Commission (SEC) Schedule 13G form is an alternative filing for the Schedule 13D form and is **used to report a party's ownership of stock which exceeds 5% of a company's total stock issue** (filed within 45 days). + +**This is important because we know Susquehanna is on Team Shit Face. No, they didn’t switch sides.** They likely didn’t have a choice but to exercise their long-dated contracts that they previously purchased in order to hedge. Another likely scenario is that they purchased these calls from another firm such as Citadel’s hedge fund with a discounted premium in order for someone to hide their short position. These calls were not settled at market and the FTDs for these shares + millions more will come due within the next two weeks. These strategies are reminiscent of tactics used to manipulate car stock. + +***Speculation:*** These shares will be used to roll FTDs then will be married to a put for bookkeeping purposes. At futures rollover they'll likely be sold to satisfy swap agreements, but the married put will stay posted to OCC, yet exempt from short position settlement because the entire system is corrupt. + +***02/16/2022*** \- Finra releases inaccurate data for second half of January 2022 (even with wrong dates). Goes to show just how corrupt our financial system is. The C+35 FTD dates include 2/19-3/7, so mark your calendars. + +***02/22/2022*** \- Ryan Cohen's 69th tweet is the shorts emoji. + +\------------------------------------------------------------------------------------------------ + +**TA;DR: Get off Reddit and go outside. DRS your shares and enjoy life. GameStop is going to the moon. You have all the confirmation bias you need, now go drink water.** +Hi everyone! I love reading everyone’s questions on here and today I have one of my own. For the last 15 years I’ve been 100% investing into positive cash flowing student rentals and airbnbs in rochester ny. My total portfolio value is around 5m with liabilities on properties around 3.5m I’m about 70% leveraged. +I have no real other debts of substance other than my mortgages. My gross rents for my 40 units are closing in on 900k per year and I’m about 40% profitable before depreciation and taxes. I don’t want to add any more properties as I self manage and am at a point where I’d like to level off at for the foreseeable future. + +My question for you all-what should I invest in next? + +The golden rule of real estate investing is to never pay off your debt ahead of time. I’ve always believed that, it’s allowed me to grow from a lower income to where I am now. + +However, +I’m having a hard time finding other investments that will produce anywhere close to the Cashflow return that paying off a property at a time will get me. + +Any thoughts out there? Anything I haven’t thought of yet? Anyone in my same position figured out something better? + +I appreciate your thoughts. Thanks!! +Hi, so I watched the RBI Governor's announcement and kindly help me understand this better. + +So RBI swaps INR for USD from institutional banks, right? And because it is borrowing USD (and lending INR), it receives the INR interest rate and pays the USD rate (which is effectively 0 from today). + +Isn't this kind of a brilliant move? RBI is providing liquidity almost at no cost. + +P.S. if I got any concept wrong here, kindly correct me in the comments, I would love to learn! + +Edit : Thanks for the responses! Like u/that_impulsive_guy rightly pointed out, it is a USD/INR Sell/Buy Swap instead of a Buy/Sell Swap + +Here are some links that I also found useful besides this conversation : + +https://www.indianeconomy.net/splclassroom/what-is-long-term-repo-operations-ltros/ + +https://www.indianeconomy.net/splclassroom/rbis-dollar-rupee-swap-auction/ (Please note this is explained as a Buy/Sell swap, which is the opposite of what RBI is pursuing) + +RBI's PRESS RELEASE FROM TODAY : + +https://m.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=49525 +Last Solana network crash showed the world how this blockchain is so centralised and how it is far from mass adoptable. + +Last Solana network crash showed the world how this blockchain is so centralised and how it is far from mass adoptable. + +It is then itself I sold my SOL and bought more Luna. When in doubt just buy Luna. So far this strategy has worked for me. (Not financial advice) + +[Today it happened again, (Blockasset) a project made on Solana blamed DDoS attacks over Solana's chain for their delay in the token distribution](https://cointelegraph.com/news/solana-reportedly-hit-by-ddos-attack-but-network-remains-online) + +So we are saying a decentralized blockchain is as vulnerable to DDOS as a centralized website, and Solana is one of the most centralized coin in the market. +**TLDR; Rishi Sunak is confirmed as UK Prime Minister, but the contagion from Trussonomics is likely to complete a wipeout of confidence in the holy trinity of safe money - gilts, pensions, and property. Pre-2008 and 1929 markers are pinging, indicating a wombo combo of very bad things. The situation is fluid AF, but bear with me...** + +Firstly, I'd like to remind everyone that the Great Crash of 1929 was caused by the British. Now, I'll throw a shade of nuance on that fact a little further down, however the fact remains. + +So I ended the last piece, [The UK Pensions Crisis Explained](https://www.reddit.com/r/Superstonk/comments/y6awmr/everyone_is_missing_the_real_point_here_the_uk/?utm_source=share&utm_medium=web2x&context=3), with; + +"..it poses the question of whether she [can stay on](https://news.sky.com/story/jeremy-hunt-announcement-live-mini-budget-u-turns-basic-rate-income-tax-liz-truss-politics-hub-12593360) at 10 Downing St at all." + +Liz Truss couldn't, and her premiership spectacularly imploded with all the grace and elegance of Black Friday at a Target. For a quick recap: First, the government tried to force a vote of confidence by proxy, whipping MPs to vote in favour of fracking, despite pledging the opposite in their manifesto. This led to - and I'm not even kidding here - [fisticuffs in the House of Commons](https://www.bbc.co.uk/news/uk-politics-63322533) between Government Ministers and their own MPs, with the Chief Whip loudly announcing that she was outta here. Except that the next day, she kinda wasn't. The Home Secretary, however, [was totally out](https://news.sky.com/story/suella-braverman-resigns-as-home-secretary-after-sharing-secure-information-from-private-email-and-takes-aim-at-liz-truss-in-departure-12724671), even grassing herself up for leaking sensitive data just to get the opportunity to rip into Truss in her resignation letter. I always wanted to live in Italy. I never thought the Mother of all Parliaments would work so diligently to bring Italy to me. + +[Enter Sir Graham Brady](https://news.sky.com/story/what-happens-now-liz-truss-has-resigned-and-how-will-the-new-prime-minister-be-chosen-12725508), Sloth's crisply-spoken stunt double and the Tories' executioner-in-chief. When the Chair of the Conservative backbench committee asks you in for a chat, your coffee comes with a last cigarette, a katana, and bin bags taped down to protect the deep Wilton shag from your enforced seppuku. + +[Aaaaand.. She's gone](https://www.youtube.com/watch?v=sxT9gOS6_j0). + +[I have NEVER seen the BBC put up the exchange rate next to a political story](https://preview.redd.it/hifn5gnncrv91.png?width=4032&format=png&auto=webp&s=12dd538785866158f81c82815a796c7a8376c866) + +Take note; Truss's 44 days as PM is the shortest tenure [in British history](https://www.economist.com/graphic-detail/2022/10/20/liz-truss-is-britains-shortest-serving-prime-minister), and that's a nailed-on question in all future pub quizzes. "So we're cool now, right?" the Government asked the markets, eyes pleading. The markets sucked their teeth for a moment. "Nah, we're pretty fucking far from cool." And this is the point that we career headlong into the next crisis triggered by Trussonomics. + +The [gilt markets may have cooled](https://www.standard.co.uk/business/city-financial-markets-in-good-mood-after-truss-resignation-b1034120.html), 2-year yields dropping 3-ish basis points, the pound strengthening slightly, but this is the point in the movie where they realise that the infected monkey has escaped from quarantine, and the contagion spawned by TrusTeng starts to spread. The spikes in inflation causes the Bank of England to hike interest rates to peg it back, and this in turn affects the rates that institutions use to lend to each other. Many of those institutions are mortgage lenders, many of which have suffered a Dario Argento-level jump scare, causing a rush to [withdraw cheaper mortgages](https://www.which.co.uk/news/article/banks-withdraw-hundreds-of-mortgages-the-best-rates-still-available-for-home-movers-and-first-time-buyers-a4UXE8P7K0bT) from the market. The remaining new mortgages are now punishingly expensive, meaning that, if you do borrow, your money doesn't go as far. And if you've already borrowed at a variable rate? Sorry, pal. Pow! Right in the kisser. + +**Potential to Mitigate** + +One tax cut that did survive Jez Hunt's eye-watering chopper was a [reduction in Stamp Duty](https://www.standard.co.uk/homesandproperty/property-news/chancellor-jeremy-hunt-confirms-stamp-duty-cut-b1033153.html), meaning no purchase tax on the first £250k, and first-time homebuyers staying tax free up to £425k. Secondly, if the government can pin back inflation after the energy price guarantee expires (now in April), many of the smarter analysts [and the BofE](https://www.igd.com/articles/article-viewer/t/bank-of-england-forecasts-a-recession/i/29979) see inflation dropping rapidly back to manageable levels after peaking at a brutal 13%. Thirdly, the Brits have to simply build more fucking houses. Rather than flooding the market - this is a pretty small island, so that would be a tough ask - this could entice mortgage providers to re-enter the market. + +[13&#37; inflation incoming](https://preview.redd.it/ve8qs7uycrv91.png?width=1280&format=png&auto=webp&s=6e4d084ce457cef27cfb8225d709967cedb4c9a3) + +So the pensions battleground has been vacated, and the world has moved on? Nope. Not in the slightest. One of the biggest headaches coiled in the new PM's in-tray is not energy prices or Ukraine, it's a thing called the [pensions triple-lock](https://www.bbc.co.uk/news/business-58090533). Enshrined in UK law, it states that pensions must rise each and every year by either 2.5% or average earnings or inflation.. The kicker is it's whichever is the highest number. Inflation = 10%. This throws up many major problems. How do you afford that? Can you change the law? Do people trust you with their state pensions? If you u-turn on this as well, will your core vote jettison you for a generation, maybe longer? If, if, if.. + +[11 million pensioners will require epic borrowing at epic rates](https://preview.redd.it/3h8ghr99drv91.png?width=2666&format=png&auto=webp&s=db69a14c7fb1f4825c6040547ce162df6e8c684e) + +And these ifs are muy grande. IF the coin toss lands unfavourably, friendo, then these problems could start to compound right around here. We've already seen two pillars of financial safety - gilts and pensions - survive targeted assassination by the skin of their over-leveraged teeth. Here's where the third leg of the fiscal milking stool - property - now comes under sustained attack. To compound the compounding in the ass that the markets have already survived, this snakes and ladders board might drop this crisis back at square one, directly behind the fragile gilt and pensions markets, and it's unlikely they'd survive another hail of bullets without profound consequences. + +Back to the top, and 1929's lesson from history. London financier [Clarence Hatry](https://www.gale.com/intl/essays/richard-roberts-financial-times-financial-history) was an extraordinarily wealthy man, and revelled in his nickname; 'The man who always pays'. Adjusted for inflation, the Hatry Group was worth more than £1.5 billion when it came to light during an attempt to secure outside funds for a merger of steelmakers that ol' Clarence was up to no good. In an effort to raise the funds himself, Hatry had been double-printing stock certificates, essentially selling the same shares twice. In other words, synthetics. Hatry was sentenced to **fourteen years** in prison, 2 with hard labour, and his company was suspended from the London Stock Exchange. This sent shockwaves through global markets, severely shaking investor confidence, and punching a hole in the widely-believed theory that the markets were a flawless moneymaking engine. Weeks later the world went into total fucking meltdown.. With the noted exception of the London Stock Exchange, which - justice served - remained comparatively calm. + +[FYI the other spikes are Black Monday '87 and 2008](https://preview.redd.it/0niv45vedrv91.png?width=1908&format=png&auto=webp&s=c57002e64855f2f1420b4762b271050ae54a5358) + +The Brits aren't as shy as others about locking up bankers. That dude [convicted of manipulating](https://www.standard.co.uk/business/tom-hayes-us-deutche-bank-appeal-libor-trader-matthew-connolly-gavin-black-b979340.html) the old Libor rates? He did 5 and a half years, and that was after he had his original **14 year sentence** commuted to 11 years. Minimum sentencing for armed robbery starts at 4 years over here, murder at 15 years. You have to work **extremely** hard to earn any significant jail time in the UK. The problem is that people have failed to learn the right lesson over and over again. in fact, they learned the opposite; that jailing people and suspending companies does a great deal more harm than good, so it's to be avoided at all costs. The result is that the fundamentals, the very foundations on which banking itself rests, are crumbling. Gilts. Pensions. Property. + +**The Turnaround** + +Sooo.. Can it be turned around? Yes.. Probably.. Fuck knows. It's notable that other European economies are suffering much higher inflation than the UK, including Sweden, the Netherlands, and powerhouse Germany. In fact, the EU average is higher, hovering around the 11% mark, dragged up by crippling numbers from the Baltic States; Latvia (22%), Lithuania (22.5%), and Estonia (24.1%). And don't forget that those guys share a currency, the Euro. How do you square **that** circle? + +It doesn't really need repeating, but all the markets really crave is stability. The immediate problem wasn't entirely TrusTeng's unfunded tax spaff, it was also the UK's five-year parliamentary terms. This means that Truss would have faced a general election in around two years anyway, and if her woeful polling had continued (or, more probably, had gotten worse), Labour would have likely overturned the [thumping majority](https://www.bbc.co.uk/news/election-2019-50765773) that Boris Johnson won in 2019, and that was IF they couldn't have forced a general election before then. Now there's been another prime ministerial coronation, and nobody knows what will happen to polling, interest rates, bond yields, pensions, property or anything else. That's why [traders are preferring](https://markets.ft.com/data/bonds) a punt on shorter-dated bonds at lower yield rates, because nobody has one fucking clue what will happen next. + +[Yup, that's a CityAM forecast of 7 consecutive quarters of negative growth](https://preview.redd.it/sibjv7sqdrv91.png?width=846&format=png&auto=webp&s=3c2db29d52505320ae60fc7002e3643df02d717c) + +Unbelievably, the UK is at a point where investors believe the historically-high returns are not worth the risks, possibly because they see a [harder recession](https://www.fitchratings.com/research/sovereigns/deeper-uk-recession-now-likely-as-interest-rates-rise-faster-10-10-2022) and a further Dante-esque economic descent into the 8th circle of hell.. And before you reach for your *Divine Comedy*, that's 'Fraud'. More unbelievably still, rumours were [coalescing into murmurs](https://www.standard.co.uk/news/politics/boris-johnson-prime-minister-liz-truss-resignation-b1034162.html) that what the markets might *really* want is Boris Johnson back. Liz Truss must be screaming into her Haagen-Dazs. + +**Live Announcement:** + +Per Brady's [announcement at 14:04 GMT](https://www.reuters.com/world/uk/sunak-looks-set-become-next-uk-pm-after-johnson-quits-race-2022-10-24/), Rishi Sunak has got it over the line, and yields dropped again at the prospect of having an [ex-Goldman Sachs billionaire](https://www.standard.co.uk/business/tom-hayes-us-deutche-bank-appeal-libor-trader-matthew-connolly-gavin-black-b979340.html) in charge. Shocking. The interesting thing now will be observing whether the new PM, trusted by the markets, can keep a lid on the troubles, or if this is simply temporary relief from systemic, global problems. + +Now, please don't misunderstand me. I won't dance, I won't even crack a smile, when the whole damn lot comes crashing down. People who rely on gilts, pensions, and the intrinsic value of their house vs loans against it are people like my parents. My mother is a bit of a boss, and after carefully listening to me make the logical, moral, and financial case for investing in GameStop, she gave me £500 to buy her some stonks. My mother is a retired secretary, and £500 is a lot of money to her. Watching my mum suffer a bankrupt pension provider and going upside down on a house she's spent 40 years diligently working her way towards retiring in would break my heart. But this is not the doing of Apes. This is not the recklessness of retail. This is solely, exclusively, and entirely the doing of hedge funds exploiting a system that was designed to be weak. + +[And finally, here's Wilbur with his rocket](https://preview.redd.it/7tdrols78rv91.png?width=4032&format=png&auto=webp&s=9c0335867c23b0652ce088f1e8e37a7e79bfbfdc) + +What it boils down to is how much stability can the UK government afford to offer the markets? Not as much as either would want, in all likelihood. + +How does this impact MOASS? Well, it keeps my theory of a series of seismic global fiscal events triggering mass buy-ins to GME as a safe haven on its rails and chugging onwards, every day a step closer. Beyond what I said in the last post about the pensions crisis, this either doesn't radically change things.. or, more likely, it means that MOASS is tomorrow. + +Buy, DRS, and HODL, my dear friends. + +As per usual; this is not financial advisor, I am not financial advice. We are in an existential economic battle with some of the most brilliant and immoral financial minds of this or any other generation, and I, for one, am having a great fucking time. +Just my personal strategy going forward. It was fine when friends and family made fun of me, but now - at these gains - HODLers are going to become targets. Just a quick reminder to be careful out there. +**Zenfuse** (**$ZEFU) is set to explode at the end of Feb.** + +Zenfuse is a trading ecosystem, which helps you to manage all your cryptocurrency trading from one single dashboard. Zenfuse integrates both Centralized Exchanges (e.g. Binance, Coinbase, Kucoin) and Decentralized Exchanges (e.g. Uniswap, 1Inch, Sushiswap) into one single system. The UI looks amazing and this is a project that will actually be USED. Beta is launching this month. + + +**Use Cases:** + +The user must stake a certain number of tokens to access the platform for the period the tokens are staked. To unlock advanced features, a certain number of tokens need to be “settled”, and “settled” tokens will be burned once a month and lead to a deflationary token ecosystem. This means upon launch that users who are using advanced features are in essence burning tokens reducing the cir. supply... bullish. They also have a bunch more use cases for the token on the network include staking, tipping (if another user informs you of a great trade etc), Secure Gateway API usage etc etc. + +**Here are all the possible types of trading actions on the Zenfuse trading platform:** + +• Buy or sell limit orders + +• Stop loss order, trailing stop loss order, market order + +• Panic Sell Button (super cool) + +• Portfolio rebalance button + +• Copy orders from other traders + +• Community raffling events + +• Crypto Currency % of Gains / Loss Prediction stakes + +• Access multiple exchanges in one platform. + +&#x200B; + +**And finally why i think its set to rocket...** + +\- Coinbase Custody approval coming soon. + +\-Influencer videos coming soon (already one done by Ivan on Tech) + +\- New CEX listing coming soon. - Product video coming soon. + +\- MVP live this month (probably the weekend of next week) + +\- 10 000+ people signed up for a Zenfuse account already. + +\- Unique product with good use cases. + +\- Partnership with Indacoin and more to be officially announced soon. + +\- Low market cap of about $9M USD. + +&#x200B; + +Telegram [t.me/zenfuse\_en](http://t.me/zenfuse_en?fbclid=IwAR2flOlYFRLFDC1GGSYPhPGZWAtjse0eSunyf8_DTvtVFrxWNyGbQOps_zY) to join the new crypto trading revelation. + +Uniswap [https://uniswap.info/token/0xb1e9157c2fdcc5a856c8da8b2d89b6c32b3c1229](https://uniswap.info/token/0xb1e9157c2fdcc5a856c8da8b2d89b6c32b3c1229) +It seems like investing in dividend-paying Canadian banks is quite popular (e.g, this [this recent post on this subreddit](https://www.reddit.com/r/CanadianInvestor/comments/rrlj6d/downsides_to_investing_in_cad_banks/)). + +I thought that [growth ETF in general outperform any dividend payer](https://www.reddit.com/r/CanadianInvestor/comments/jnvzsz/30k_in_tfsa_making_the_best_of_drip_growth_or/). So, is it different for Canadian banks because they have unusual growth and dividends, or is it just more of the same? Are they that exceptional, but at the cost of an overconcentration in Canadian markets and the banking sector specifically? + +That is, for someone younger with lots of time ahead, is it still better to go a 100% equity ETF like GEQT instead of ZEB (or the individual banks)? Is the recommendation to go for Canadian banks only useful if you're getting closer to retirement and want stable, consistent income? + +Although there are advantages to capital gains rather than dividends from a tax perspective, assume this is for a TSFA. +Last night my fiancé came to me with an idea about taking 20k out of his 401k to buy shares of Blizzard with the intent of selling in a few weeks or months. His rationale is that stock prices should go up after two highly-anticipated games are released, after which he could sell his shares. + +He's never invested before (beyond what his 401k does as default) and his current rate of return averages 4% and he's looking for something more in the 10% range. I'm not sure if that information is relevant, but he prefaced his idea with it. + +I only have basic knowledge of stocks but I think it's a horrible idea. Just glancing at the stock trends in relation to big game releases, there's nothing to suggest it's a good idea (short term anyway). I'd really like some advice/information to help me logically dissuade him. Alternatively, am I overracting? Is this something that is safe to do? + +***edit:*** Because our conversation wasn't one-sided, here is his side of the story/thought process - http://www.reddit.com/r/personalfinance/comments/2dknvc/im_the_fiance_that_wants_to_reinvest_his_401k/ (looks like it got caught in the spam filter) +It seems like buying a house on an interest only basis, using net worth as collateral is a good way to benefit from a super low interest rate. I'm currently looking for a house in a market where housing doesn't really appreciate, so this makes a ton of sense. Would prefer to keep my money in the market. + +Does anyone have thoughts on this - a) at what NW/house value does this make sense and b) do you know of any US based providers that offer this as a service (link in article is for the UK) + +[How the super-rich buy their homes - via @FT](https://on.ft.com/3ENFfj2) +Originally posted by u/HoldUntilYouDie + +Why This Weekend Is So Crucial... + +Ok listen up retards... I know it's Friday and some of you short-term monkey brains are thinking about bailing on your brothers. Your paper hands are beginning to cramp up. I get it. **BUT WE CANNOT SELL!** + + +There are still **MASSIVE** amounts of shorts on $GME. Still well over 113% of total shares floated (*from S3 Partners*). Some old shorts have gotten out, but many **NEW** shorts have taken their place in the past couple of days hoping that $GME will die out. + + +# Here is the key part... + +They are literally PRAYING for us to sell our shares and end this entire thing today. They are HOPING that they can make back their money at our expense... **BECAUSE EVERY SINGLE DAY THAT THEY HOLD THEIR SHORT POSITIONS IS COSTING THEM BILLIONS OF DOLLARS COLLECTIVELY!!!** + + +# BILLIONS A DAY. + +All we need to do is **HOLD**. That's it. We will cost them so much money today, next Monday, Tuesday, Wednesday, Thursday, and on and on. Soon enough they won't be able to pay the cost of their shorts or it just won't be worth the cost anymore and they will all eventually have to bail. **THAT IS GOING TO BE THE SQUEEZE**. Once the costs keep adding up, they will start to bail and the rest will follow. + + +WE MUST STAY STRONG. DON’T FORGET WHAT THEY HAVE DONE TO US. IT'S A GAME OF CHICKEN. WHOEVER BLINKS FIRST.. LOSES. +We're not fucking blinking. + + +**TL/DR: HOLD. HOLD. HOLD. THIS WEEKEND INTO NEXT WEEK IS CRUCIAL!** +*(Not financial advice. Entertainment only)* + +Edit 1: STOP GIVING ME AWARDS, I AM ONLY PASSING ON THE ADVICE OF OTHERS. KEEP UPVOTING THIS FOR ALL TO SEE. TO THE MOON BRETHREN 🚀 + +Edit 2: PREP FOR THE SHORT LADDER ATTACK. EXPECT SOME BULLSHIT FROM THE HF’S TODAY. EXPECT IT, WE ARE MAKING THEM SWEAT. + +Edit 3: ITS FUCKING HAPPENING. HOLD THE LINE YOU APES! DIAMOND HANDS ARE FOREVER!🚀🤲🏻💎 + +Edit 4: Please direct your gratitude and awards to the OP, the one who actually deserves it. I am only echoing their call! HOLD THE LINE! + +https://www.reddit.com/r/wallstreetbets/comments/l7wmkf/why_this_weekend_is_so_crucial/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +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) +[Ron Paul weighed in](http://www.cnbc.com/2015/06/19/ron-paul-stock-market-day-of-reckoning-is-near.html) on a looming stock market crash today: +>"There's a lot of instability still out there, and this hasn't been corrected yet. I don't think it's going to correct easily, I don't think it's going to be just a correction." + +>Paul added, eventually investors will "lose confidence" in the Fed, and when they do, the market could witness a "very big crash." + +Oh, wait, that was in 2015. I meant [this one](http://www.cnbc.com/2014/07/29/ron-paul-stocks-are-in-a-bubble-and-will-crash.html): +>"The growth isn't there. The only thing that grows is the debt, and just think about how much money they have to create value in the stock market," + +>"The market has to correct, and who's going to call it a crash until it happens? We're in for a major correction, I think. I think we're very, very vulnerable," + +Oh, shoot, that was in 2014. Let me get this straight.. What he's [saying now in 2017](http://www.cnbc.com/2017/07/02/ron-paul-not-a-shock-if-stocks-fall-25-percent-and-gold-soars-50-percent-by-oct.html) is: + +>Speaking to CNBC last week, the former GOP presidential contender argued the economy is not as strong as Wall Street consensus believes, and the situation could turn ugly as soon as October. + +>"If our markets are down 25 percent and gold is up 50 percent it wouldn't be a total shock to me" + +Damn, he's making these market predictions every year at the end of June! What is this? A perma-bear day?! + +Edit: formatting +I am working towards an early retirement mainly because I am in chronic pain all day working at the computer due to a disability and just want to get away from that ASAP. The job is tolerable however the pain is less so. + +But since I am very limited physically there is not very much I will be able to do with my time if I ever make it to FIRE. It's not like I can travel, play sports, exercise, go hiking, or do any of the fun things I used to do when I was healthy. + +I know the general advice here is to have a solid plan heading into early retirement on how your life will look but I feel a little aimless given my status. I dream about what early retirement *could* look like but much of that is not realistic for me. Just dreams. + +I know theres not really much anybody can say that will change things for me but Im just curious if I am alone in my hollow pursuit or if there are others like me! +What is happening? Why is this sub slowly turning into WSB? What is all this bullshit about rockets and moons? Does anyone care about the project? I know this is ethtrader which is price oriented but come on....how are you suppose to make money without reading about the project and understanding its potential? + +The last couple of days had almost zero constructive threads which is alarming since in this high volatility times we should discuss why dips are happening and stop hating on celebrities and blame everything to them. Elon the catalyst? Sure but a catalyst to what? Price correction? Luck of faith in the project? + +Can we please reset this sub to each original constructive form? + +If am the only one feeling this way i will happily remove myself. +My mom is nearly 50 and refuses to start a retirement account. She's been self employed her entire life so she doesn't have a 401k either. She believes her house is her retirement account, but the mortgage and other housing costs eat up well over half her income. Last week she told me she was going to buy a brand new Lexus and my heart sank. + +I'm really worried for my mother's financial future and I've tried explaining to her why I feel that way, but she gets really defensive each time. She's a vain person and the appearance of wealth is important to her, even at the cost of her actual wealth. I saw this coming when the rest of her siblings who have similar spending habits all bought luxury cars within the past few years. + +I've decided to sit down with her and show her some hard calculations so she can see the numbers involved. Is this going too far? Are there good instructional materials or core concepts that I should cover that you would recommend? English isn't her first language so any tips on how to explain things in a simple way would be much appreciated. +What are some of the pros and cons of being married, like savings on tax getting help for cost of living etc. e.g. Is car insurance cheaper if you are married? +I see a lot of posts on here about whether someone should quit their job. I thought [this was an interesting article](https://www.manrepeller.com/2020/01/quitting-your-job.html) about making that decision (from a fashion blog, no less). + +Summary of questions to ask yourself: + +1. What would it take for me to be happy at my current job? +2. Am I running away from something or towards something? +3. What problems do I expect quitting my job to solve? +4. Can I defend my choice to leave, even if others disagree? +5. Can I financially afford to quit? +6. What's my plan for day one after quitting? +7. Am I scared? +That's it. It's actually pretty simple: + +1) We know by the SEC filing: "**Each Company stockholder of record at the close of business on July 18, 2022** will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022." + +2) We can expect some price increase to the run-up of July 18, 2022, if the theories are valid it could go vertical few days before and in the time after July 21, 2022 + +3) Therefore the launch of the NFT marketplace is probably going to happen in the time span just before July 18, 2022 (July 14, 2022 anyone?) + +4) This delivers a perfect excuse for MSM and Wall Street why the price of GameStop jumps without mentioning naked shorts but focusing on the NFT marketplace + +5) win-win situation for GameStop and Ryan Cohen: everybody talks about THE NFT marketplace of GameStop, while the share price jumps and and retail investors get paid +Hi fellow dividend investors, I am happy to share that February 21 was my best dividend month so far since I received $405.52 this is a huge increase compared with February last year where I received $42.54. I know the huge increase is do to the fact that I started the portfolio January last year, and that I have added a lot of money into the portfolio. + +The distribution of the dividend look like this + + +11.13 LTC + +25.29 VZ + +19.83 JPM + +38.2 T + +29.83 CVS + +13.15 GD + +9.82 SKT + +3.87 O + +120.67 ABBV + +22.91 SYF + +32.36 UNM + +Unfortunately the broker (Revolut) which I am using have decided to increase their annual custody fees from 0.01% to 0.12% on the invested capital, so I have decided to make a gradual switch to another broker (Nordnet), which is popular in Sweden and Denmark, since we unfortunately don´t have access to M1 here. So I have sold most of these stocks. I will probably reinvest in some of them. + +The purchases I have done In February is + +28 Shares of LMT (LOCKHEED MARTIN CORP) I paid $9602 + +Is it possible to make a standard monthly post where we can all share the latest dividends we have received it feels motivating to me at least to se people how are further down the road, and it feels great if I can inspire others with what I have achieved so far. + +I forgot to share my results from January, where I got $139. +This year will mark the 10th consecutive year that AAPL has increased its dividends annually. + +I looked up the numbers, AAPL has a dividend CAGR of 10% for the past 10 years. I don't think anyone doubts that AAPL will become a Dividend Aristocrat. + +Yes, past performance does not predict future performance, but do you believe AAPL can sustain dividend CAGR of 10% in the next 10 years ? + +Would you add AAPL if you had to construct a dividend growth portfolio ? +My sapphire reserve has been a good companion for a while but I'm hitting spends of 250k+/yr across my cards. Don't know if I'm even close enough to getting a black card, and if I am, if it's worth it at all. I figure there has to be another step up from my sapphire reserve in credit card benefits though. So far I've just heard people talk about black cards through rumors. Would love to hear personal experiences. + +Edit: also to clarify this is personal spend. Not biz + +(Also I have no clue what to flair this) +I’m looking for a recommendation for a subreddit(s) where I can learn about good brands to upgrade my lifestyle due to a life-upgrading windfall. Things like “I used to buy towels at Walmart but now I want the nice plush ones that they use at 5 star hotels.” Or “I want those sheets rich people tell you feel luxurious but what brand/where do I shop for them?” + + + +I plan on overhauling everything from household items, to furniture, to wardrobe…pretty much everything. Husband, wife, kids scenario — so any type of recs are appreciated. +Wanted to run these numbers by you guys and hear your thoughts, feedback, and any additional tips on 4 plexes: + +Midwest 4-plex +Purchase Price: $430,000 +4, 2 bed 1 baths +Rent/unit: $1,100 +Total Rent: $4,400 + +Down Payment: FHA 3.5%, $15,050 +Closing Costs: $3,000 +TOTAL INVESTED: ~$19,000 + + +P&I: $22,776 +PMI: $4,068 +Taxes: $8,100 +Insurance: $2,400 +Internet: $120/month +Water/Sewer: $280/month $3,360 +Electric $240/month $2,880 +Gas: $240/month $2,880 +Maintenance: $3,000 (newly remodeled) +Vacancy (5%): $2,640 + +Total Expenses: $52,104 +Rental Income: $52,800 + +Equity Pay Down Year 1: $6,150 +Appreciation @3%: $13,000 + +At the end of the day I guess I’m curious to know peoples thoughts on break even properties like this one in good neighborhoods that should continue to appreciate. + +Assuming no appreciation, with cash flow and equity pay down I would receive a 36% return on my $19,000 investment. + +Interested to hear peoples opinions on this buy and hold in good neighborhood, with a low down payment strategy. + +Thanks! + [https://www.bls.gov/news.release/cpi.nr0.htm](https://www.bls.gov/news.release/cpi.nr0.htm) + + The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustment. + + Increases in the shelter, food, and medical care indexes were the largest of many contributors to the monthly seasonally adjusted all items increase. These increases were partly offset by a 4.9-percent decline in the gasoline index. The food index continued to rise, increasing 0.8 percent over the month as the food at home index rose 0.7 percent. The energy index fell 2.1 percent over the month as the gasoline index declined, but the natural gas and electricity indexes increased. + + The index for all items less food and energy rose 0.6 percent in September, as it did in August. The indexes for shelter, medical care, motor vehicle insurance, new vehicles, household furnishings and operations, and education were among those that increased over the month. There were some indexes that declined in September, including those for used cars and trucks, apparel, and communication. + + The all items index increased 8.2 percent for the 12 months ending September, a slightly smaller figure than the 8.3-percent increase for the period ending August. The all items less food and energy index rose 6.6 percent over the last 12 months. The energy index increased 19.8 percent for the 12 months ending September, a smaller increase than the 23.8-percent increase for the period ending August. The food index increased 11.2 percent over the last year. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I’m (19) trying to establish myself financially and can’t do much other than invest into an index fund. + +I’ve heard a lot of buying and holding long term and I’m all for it, but what happens when that “long term” point arrives. How do you benefit from your investment? Do you cash out and that’s where the benefit comes in from consistently staying in the market? + +Just trying to get a better understanding of the idea behind market gains. +When r/stocks users and Jim Cramer start to get bullish on oil, that means the top is very near. + +I'm going to slowly DCA XOM 2024 puts starting next month. I presume oil will peak around Labor Day with 140-150 a barrel. + +This isn't sustainable for the general populace. We will start to see demand destruction (actually seeing it now, a lot of my friends are getting laid off or canceling their summer travel plans), and after the bloodbath in midterm, I predict oil dropping below 100, maybe around 75. + +Also, we saw something similar happening to COST TGT and KO. people flocked to value after tech got decimated, and now those tickers aren't doing so hot either. Soon, energy will go through the same. + +Look at what happened in 2008 when the recession hit. + +Bearish scenarios: + +1. Ukrainian war ceasefire +2. US Midterm red wave (highly likely) +3. Another covid outbreak and the fear of variants +4. Demand destruction +5. US Shale permits +6. US Recession (to be announced June 29th) +Atossa Therapeutics President and CEO Dr. Steven C. Quay to Speak at Precision Medicine World Conference, Spotlighting Anthony S. Fauci, MD, Director NIAID January 25-27, 2021 + + +The panel topic is "Development of New SARS-CoV-2 Therapeutics." The panel begins at 11:30 am PST on January 26, 2021. + +Still time before the conference goes live! + +*Edit* one of ATOS' phase 2 trial meds is a nasal spray to reduce Covid contagiousness +*Edit 2* Follow me for more recipes for rocket fuel + +*Edit 3*: Today will not be a day for the faint hearted boys an girls... Temper your emotions and get your stress balls ready. It's gonna be a crazy one! + +Manage your risk before the bell. Decide on a goal that fits your budget and your trade style and get out when you reach it. This is not the last rocket... There will be many, many more... Do not try to force something that isn't happening... There will be more rockets! + +Best of luck. Thanks for the love. I'll see you in orbit this afternoon. + +*FINAL EDIT* I posted the Zoom ID for the Conference today for those who wanted to follow along: + +https://www.reddit.com/r/pennystocks/comments/l5dvcq/for_the_atos_bandits_who_want_to_follow_the/?utm_medium=android_app&utm_source=share +Before I get into what was a very interesting day, I wanted to start more on the technical analysis perspective because I wanted to clarify something. Technical analysis doesn’t predict price movement per se, it predicts the likelihood (probability) of movement with those probabilities changing with every minute/hour/day of trading. So for example, last week for banks I looked at the [daily chart]( https://www.tradingview.com/x/ClE1fk8p/) and could see an equilibrium which means price was moving between two locations back and forth. I could see that Royal Bank was likely to test the lower end of the equilibrium. I can then look at the [4 hour timeframe]( https://www.tradingview.com/x/B5FNxyAr/) I can see that we were going to be outside of the Bollinger Band. At the same time the [hourly RSI level dropped below 30]( https://www.tradingview.com/x/yBnVtw2f/) indicating the stock was oversold. Using these three factors, I saw a high probability of a Friday bounce which is what we got. So that leads me to the next point, changing probabilities. + +Given this play, I would expect banks to continue towards the upper end of the equilibrium, but today is red. What gives? Part of the red can be explained to oil prices falling and banks having some exposure. Regardless of the reason, it changes probabilities. Think of it this way. If you are playing Texas Holdem Poker and have AA (clubs and hearts), pre-flop, you have a certain probability (high) of an event occurring (you winning). If the flop comes Q, J, 10 all diamonds, that changes your probability of winning. If the turn comes 4 diamonds, you have most likely gone from a winner to loser. It’s the same with the market. Since the banks were red today, I change my short term probabilities (see bank recap). + +All that is to say, when you ask for views on tickers, note that I give views at a certain point in time given the probabilities at that moment. If something happens that is different, those probabilities change. If technical analysis could predict daily movements, there would be a lot more rich traders. + +Now that was a long intro and haven’t even gotten to what happened today. I went to bed last night with USOil down 15%, I woke up this morning and it was down 25%. We opened down 35%. We went negative. It would be cheaper for some suppliers to pay people to store than to store themselves. Tanks filling up finally hit the forefront and thus caused a sell off. So why the heck are energy and oil names only slightly down? + +**Energy and Oil Companies** - MEG Energy Corp, Crescent Point Energy, Cenovus Energy, CDN Natural Resources, Suncor Energy, Enbridge, Teck Resources Limited, Husky Energy + +Up until this March pullback, I had not invested in any oil companies. I had Enbridge as part of a mutual fund because of their dividend but that was about it. I knew nothing about the sector but I play the charts so it didn’t really matter. Queue today where oil was down 30% on open and the names gapped down 7% to 10% as I would have expected. A bounce on that gap down is expected so that didn’t surprise me. What surprised me was that OIL tanked, down to $4 a barrel yet most of the names didn’t even move. WTF? I knew that many of these companies hedge. For example, I knew MEG hedged 57% of their oil at over $50 a barrel. Someone also mentioned that I need to be watching futures since most of these names don’t sell at the spot price. I was also told that these prices reflect front month which means people don’t want oil for May since they are all filled up and don’t reflect actual companies. [This](https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html) shows that May contracts are falling in line with the drop of USOil but June contracts are still over $20. Another interesting theory is that the ETF USO is at fault because they hold 20% of the May contracts but are an ETF so don't have any place for oil so they roll contracts into the next month so sold off their contracts today for next month causing price to crater. + +So then I started watching these companies against SPY and noticed the correlation. [Here](https://www.tradingview.com/x/nREHduCD/) is an overlay of MEG and SPY. Notice the very similar movements. Basically since futures prices weren’t falling a lot, these companies were moving with global markets, they were following SPY. So with SPY approaching a resistance and looking toppy, I sold MEG at $2.60. It was a bit earlier than I needed to but like I said, with technical analysis you will never time the top or bottom perfectly. SPY did get its pullback and dragged names down with it. SPY continued to tank all day but most names leveled out and didn’t follow it all the way down. Here is that [same chart]( https://www.tradingview.com/x/QudqdBcb/) at 3:20pm. Notice the leveling out above SPY. +I am going to stay out short term and see where we bottom (outside of some flips). Futures may pull back over next couple days which should put downward pressure on these names. For now I’m staying out with the intention to eventually get back in, but short term I will look to play bounces. + +**Gold Miners** - Kirkland Lake Gold, Kinross Gold, Barrick Gold, Eldorado Gold, IAMGOLD, B2Gold, Yamana Gold, OceanGold. + +Safety in gold I guess. Gold miners all bounced and head back towards their recent highs. If they are going to break their recent highs, I don’t think they will have enough juice to do it all in one run. The most bullish (IMO) movement would be getting close to those highs, pull back slightly to set a bull flag and then break on the second attempt. + +**Marijuana Stocks** - Canopy, Aphria, Aurora, HEXO, Organigram. Cronos, and some US MSO’s. + +These stocks opened strong and then followed SPY. I have seen this a few times before, the stock will open with no relation to SPY (either open down when SPY is up or open up with SPY down) but then will move in unison with the markets. Same happened today. Opened better than SPY, moved up with the initial bounce and moved down with the pullback. + +**Banks** - RBC, Scotiabank, CIBC, Manulife, TD + +See intro. These turned potential bear flags real quick. We tested the top of Friday during the day but rejected and pulled back. These now look bearish and the set up shows a test of support (maybe Wednesday if we keep this trajectory). It is interesting to note that on Thursday I said CIBC/Royal/Manulife were stronger charts because they had not broken support yet. Today, Royal and Manulife were down about 2% more than Scotia. Could be laggard play since they tend to move together-ish. + +**Bombardier** - $0.42 to $0.44 all day. Range was $0.42 to $0.45, moving on. + +**Air Canada** - 4 hour resistance from April 15th is $19.24. HOD was $19.20. Started strong, tested resistance and rejected. Add on SPY pullback and pulled back most of day finishing even-ish. Note: still an inside bar of April 16th. + +**Blackberry** - Tested high of Friday, broke by less than 1% and sold off. Unless something breaks resistance by like 1.5% to 2%, I don’t consider it a true break of resistance. $5.60 than $5.20 + +**SHOP** - All time high, blue sky breakout. Where will it end? It would all just be baseless guessing at this point. +My whole family has been poor going pretty far back. Recent history is my grandparents were born deaf and discarded by society, and took crap odd jobs to make ends meet. Grandma got pregnant as a teen, my mom also got pregnant at 15, and then I myself got pregnant as a teen. I was pretty uneducated about life in general and most certainly about money, and how much money it took to raise children. I just knew you were supposed to have kids and struggle, that was life and that's just how it is. Graduating high school was optional. + +When I got older, my world view really changed. I was determined to raise my kids middle class so they could have all the things I never did. I was (still am?) pretty illiterate when it comes to money, so I borrowed my way out of poverty. I ran up all kinds of credit cards and loans to fund a middle class lifestyle. My kids got to dress in new clothes (even though they weren't name brand, they weren't hand me downs!), they got to do extra curricular activities. My husband and I moved to a decent school district, bought mid-range cars. We were so deep in debt this whole time. + +Now both of my kids are in college, and they still live at home so we can pay their living expenses while they are going to school. They are the first generation in my family to go to college right out of high school. And I'm proud of that. + +My husband and I are working hard to pay off the debt we've accumulated throughout their childhoods, but honestly I don't regret any of it. Borrowing money allowed us to get to a place where we could live in a regular house, wear regular clothes, buy regular food. And I feel like we broke the poverty cycle - now my kids are in college and are set up to get good paying jobs, and we can help them save money while living at home so they can move out when they are financially ready to. We are trying to teach them about money, and not getting into debt, but it's hard when I don't really know much myself. + +Sorry for the long post, me and my husband were just discussing it so I thought it would make a good discussion here also. I read an article that said movement between the classes doesn't really happen, I think we were able to but probably not in the best way. +TSX-V: DB +OTCQB: DBCCF + +First time poster here and I just got into stocks last November so please go easy on me. I wouldn’t quite consider this a DD because I haven’t looked at everything and much of it is still too hard for me to fully grasp. + +Full disclosure, this is the only stock that I’ve bought without any sort of referral from this subreddit or the other stock related subreddits I follow. I initially bought it because it was the cheapest stock available on Wealthsimple. I believe it was a stock that started high during the weed boom and then plummeted when people realized they still didn’t have much value. + +Recently the share price has gone from 0.11c to 0.20c and back down to 0.15c on no news so I was able to swing trade and make some quick money from it. + +However, I recently read their investor report and believe that they have a good chance of blowing up. Again, I’m still new so I’d appreciate if anyone else has any insight or can tell me why this is a bad pick. + +Current Operations. +-They have 3 forms of business, cultivation facility, a plant that is licensed to sell, and 6 operating retail locations. + +Some good news. +-December 30th they replaced their old credit line with a non-dilutive $30m debt financing from Connect First Credit Union. The new financing pays off their current debt, gives them $3.2m of immediate gross proceeds, and saves them $360,000 in 2021 in lower interest rates. + +-In the third quarter of 2020, the company achieved net revenue growth of 29% and a positive adjusted EBITDA. + +Possible Catalysts +-They completed construction on a new 80,000 sq ft indoor cultivation facility and are just waiting on licensing from Health Canada. They expect to be licensed in Q1 2021. Their current other cultivation facility is 26,000 sq ft in comparison. It would be able to produce 7,300kg(+another 7,300 later) per year of flower compared to 1,800kg in their other cultivation center. + +There are other plans they have for their ‘Phase 2’ but the new facility seems like the first big one that might give this stock some traction. +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +Hi. Beginner trader here. I am still paper trading and getting comfortable trading in general. I am just curious as to what analysis do you need to do to determine which strategy would be the best for a certain stock/ ETF or for a certain trend. +My parents have been together 40 years and are still together...for now. + +Dad has mental health issues (has since I was a child) and has been increasing losing the plot over the last few years. In January he decided that he was going to move to QLD for a while to get away from everything. 'get help' etc. He took $2000 in cash and one of the cars and gave my mum the card to their joint account and changed the online passwords so only she has access to them. Since then has asked for more money because lo and behold getting a job wasn't as easy as he was expecting. (and I think to hide his other spending but we'll get to that). + +His mental health declined and as we know it he is currently being taken care of by a mental health organisation. I don't know the details with that. He seems to be very forth coming about everything yet my mum hasn't actually talked to anyone else other than my dad and has been taking his word for it. (A red flag I know). + +My mums generally a smart woman but she's also way too trusting for her own good (And my dad knows exactly how to manipulate her). He's been the one to control the money for most of their marriage. Since he's been in QLD and she's had access to their main joint account she has been organising and understanding exactly what money is going where. But the only thing she knew about their mortgage was that it get deducted from their supers. Like a set and forget thing. However she started looking into it because she didn't know where the house and contents insurance was coming from as all other direct deposits were coming from the joint account. The insurers told her it whas coming out of an AMP account. Last night she found the last AMP statement between August and December... + +What it looks likes theres $2000 coming into the offset every month (I'm assuming thats from super), then \~$1200 gets taken out for mortgage and insurance. There SHOULD be \~$800 left in there every month to build up but what he's been doing is spending that and then taking more out of the mortgage when as he needs it. This would be spent at the pub/pokies. (He would spend hours upon hours at the pub several nights a week it was a massive tension in their relationship) He would also take money out of their joint account but only $100 here or there- I'm assuming to trick mum into thinking he's only taking that much. Over the 5 months from Aug to Dec it totalled just under $12,000. This is purely money taken out at the pub, we didn't add up anything else. One night alone was $1000. + +I found out that this wasn't the first time she had caught up to this massive spending, the year before he spent $9000 in 6 months. Why mum didn't immediately take his card away I don't know, but then again he knows exactly how to play her and probably bullshitted his way through until she believed him he would stop. At this time they created a new joint account with a seperate bank and moved their wages into it. She had access to this and therefore thought she knew exactly where the money was going but of course didn't realise he was still secretly siphoning money out the mortgage. + +The problem is now, he still has the card to that account and so far we don't know if he has been using it since he got up there. Mum was calling the bank today to try find out, looks like he changed the online password from what she had recorded down so we haven't been able to get online either. She obviously doesn't want to let him know we know otherwise he might a) panic and take a shit ton of money out or b) it'll be the finally nail in the coffin for him to do something serious (He's on suicide watch). The statement came in a week before he 'randomly' decided to go to QLD. A lot of things that he has done in the past are starting to make sense now. + +So I don't have any experience with joint accounts OR a mortgage... what can she do to from here? What's the best move from a financial point of view? Can she freeze the offset account for now or would that mess up the mortgage repayments? + +She's 65 years old still working full time and has worked so hard her whole life, never once loosing a job, never once spent money unnecessarily. Dad on the other hand has lost many job and spends money like it's no mans business. It looks like the mortgage has barely gone down in the 15 years they've had the house. + +**TL;DR** Dad's been taking money from my parents mortgage to fund his gambling addiction, now he's in another state still with access to the account. What can mum do to stop him taking potentially any more money out? I wrote this in a rush, sorry if it's jumbled. + +&#x200B; + +EDIT: Thanks for those that have been helpful. So far the consensus is to contact the banks (obviously we'll do that) and get a lawyer. Banks are the easier bit, but I know mentioning a lawyer is going to freak mum out. I can see her practically falling apart since he left in January and I'm doing everything I can to be there and support her (Should I mention I'm also 6 months pregnant with my first child while studying full time so there's a lot going on atm). She's a literal angel on this earth and has not deserved a second of any of the stress he has caused her over the years. It breaks my heart. + +**Realistically is a lawyer going to just drain out all the money she has left? I have no idea how the system works other than it's going to cost money. Money she already doesn't have much left of**. +I really can not stand how they are handling Bitcoin. It is clear they do not want a truly decentralized system to flourish, despite what their framework says. + +I am not a fan of secret agendas and greedy hands. It is possible to make money and be respectable, but Coinbase has chosen a different path. + +It saddens me because Coinbase was my entry point into crypto, and now I feel they've aligned themselves against what the entire system should stand for. + +Goodbye Coinbase. For your sake, I hope you can redeem yourself. But for now, you are losing a customer for a company with standards and values that actually reflect in their actions. + +Edit: For anyone wanting to do the same. https://support.coinbase.com/customer/portal/articles/2063066-how-can-i-close-my-account- + +A Few reasons: The way they handled the release of Bcash [(Roger Ver defended the Insider Trading)](https://www.ccn.com/insider-trading-non-crime-roger-ver-bites-back-gdax-re-opens-bitcoin-cash-trading/), The CEO Brian Armstrong is [clearly against Bitcoin](https://twitter.com/Tom_Horvath/status/949207156338946048), They have yet to implement segwit in a timely manner. It is clear to me they would like to make money over sticking to their standards and values. As stated above, it is possible to do both. + +Another: [Spamming the network](http://bitcoinist.com/mempool-coinbase-spamming-bitcoin/) + +Edit: While I have some attention. Please consider donating to Coin Center. They are a non profit focused on educating governments about cryptocurrencies. I think they do good work. https://coincenter.org/donate +My whole portfolio is in USD and I live in Switzerland. So the currency OF Switzerland is the CHF and in the last 6 months the echange rate dropped -5.74%. I know that the USD is going to keep loosing falue and I'm afraid of this. Are there other dividend investors with the same problem and if yes - what are you guys doing? Selling? Buying Gold/BTC? +My whole portfolio is in USD and I live in Switzerland. So the currency OF Switzerland is the CHF and in the last 6 months the echange rate dropped -5.74%. I know that the USD is going to keep loosing falue and I'm afraid of this. Are there other dividend investors with the same problem and if yes - what are you guys doing? Selling? Buying Gold/BTC? +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! + +Seems pretty unfair that the market is only “open” from 9:30-4pm yet trading can still take place practically all day long. It really sets you up for failure when a stock closed high but then opens at half its price. I know that “I can trade after hours too” but seriously I cant possibly pay attention to something from 4am-8pm every day. + +And why aren’t options tradable? I am supposed to just sit there and watch my options loss all its value in pre market but cant do anything about it? If the price can change after hours why cant I tend to my options? + +Doesn’t make sense to me. +Original post:https://www.reddit.com/r/personalfinance/comments/42rb0e/married_7_years_husband_managed_all_money_and/ + +First update: https://www.reddit.com/r/personalfinance/comments/4kwx5p/found_out_january_2016_husband_of_7_years_has/ + + +After an insane year, we are completely out of credit card debt! We have paid back a total of $67,000 in one year. We made our last payment on our 8 year anniversary, Dec 31st, 2016. So we entered 2017 with no cc debt. + +We have also refinanced our home to a 15 year mortgage for 2.75 interest (was 5.12), and our student loans are refinanced through SoFi. + +We have zero other debt, and are now saving between $1500-2000 a month. + +What worked for us (financially...the emotional side of it was all thanks to therapy and love): I set up a budget through Google sheets, EVERY penny was tracked and accounted for, if people are interested I can take a screen shot of it to show how I broke all the expenses down. We also tracked exactly how much we paid in interest monthly and daily in order to recognize how to prioritize what to pay back. We have lowered the amount we pay in interest monthly by $1200. If you've never done it...I would really recommend taking the time to figure out how much your debt is actually costing you. (Total amount of loan × interest (change to decimal first!) divided by 12) it's not exact but it gives you a good idea. + +We are still adjusting to settling into a calmer way of life after the rush of this past year. We are enjoying our 5 month old daughter, and working to find ways to connect and enjoy life without spending. We asked for memberships to zoos and museums for christmas from family so we can go on day trips. We budget date nights in advance and are already starting to pay for our vacation in Jan 2018. + +As far as other financial planning...we are getting our retirement squared away ( he will be contributing 10% with an 8% company match, I have a pension and a 403) and setting up a 529 for our daughters college. + +Although it was hell for a while, I'm grateful for the lessons learned through this past year, I was living in denial before, and now I feel like I could take on anything. I have confidence in my ability to manage money, and my husband now has a much deeper understanding of himself and his vices. + +Thank you for your help, this subreddit made such a difference. Thank you for your encouragement and advice, this is a great online community! + +Here is the screenshot of two separate months...the first is a past month(nov) showing a completed budget, and then an empty future one (feb)...and yes I know that we went over our extras and pets budget for Nov(christmas shopping), but the amount we went over was then deducted from those categories for December. + +http://imgur.com/a/xDUkE +The site is a joke, it's an endless loop of pages that don't give any option for a refund. It takes you to the refund page, says to call, the number says go online to the refund form, the refund form says you can get a voucher or go to another page to get a refund, that page says to call. + +It is extremely infuriating and they cancelled my first flight, i rebooked for the same day at a different airport and they cancelled again a week later. Are they putting up flights they never intended on flying to get cash in and defer the refunds by not giving the option to refund? + +Edit: I booked with points so can't do a chargeback. Called the number again and selected a different option, 30 minute hold and then told to call customer relations instead? Going up to date whenever I get through to this other team + +Edit 2: All sorted now thank you everyone! Got through to a team that could help, if that didn't work i would have used the twitter route. +I’m starting to see this sort of idea float around in some crypto communities and it’s usually newbies that have no idea how DeFi works or the benefits it provides. + +The entire reason crypto is a thing was the idea of decentralization. Strip that away from it and it basically just becomes digital payments controlled by a platform that acts as a bank in all but name. + +Decentralization is the essence of crypto. People who say that crypto can’t go mainstream without centralized platforms are the same people who are getting their funds frozen. + +What happened to Satoshi’s vision of a currency that answers to no one? What happened to Vitalik’s vision of a decentralized blockchain that helps us fight against the tyranny of centralized authorities? + + +In fact, I am glad to see still see that some of the largest ETH holders and supporters of Vitalik’s vision are decentralized projects and DAOs +Imagine that the 37th largest ETH holder is a DAO (BitDAO) that gives full control and self-governance to its holders where every single one of these holders has a voice to vote with in this community. +Dont tell me that you can still see this much funding and support toward decentralized finance and tell me that it is not enough to make crypto go mainstream. + +Son, decentralization is the MAIN reason that crypto will go mainstream simply because no other form currency has the same characteristics and benefits. +Utilities needed a few days worth of work. Water is on now, Electric will be on Monday, gas Tuesday. He knew that shit needed done and asked to move in a week before the gas would be on anyway. I advised him that I personally wouldn’t, but if he really wanted to I didn’t care. + +He called CE and trespassed into the other unit with CE to show him everything, got the place marked uninhabitable then he tried to lie about it (code enforcement told me) left and right and got absolutely crazy when I made him leave because he could no longer legally be there “but I gave you $1,200, that was all I have right now” so I told him to get his shit out that day since he caused the issue and can’t stay there, and I’d give him his $1200 back if the unit was in pristine condition, just so I wouldn’t have to deal with his nonsense for another year. He then begged to come back once the utilities were on and I told him to vacate and I’ll think about it. + +Side note: code enforcement broke the law by trespassing because the tenant let him into the back unit which is the one with utility access, which he doesn’t legally have access to, so their entire “uninhabitable” spiel is completely useless. I did however invite him back for an inspection in one weeks time when everything will be up to code. I did this because I don’t want to have a red target on my back, so I want to let him know I’m doing things by the book as best I can for a noob. + +Wtf do I do here? His shit is still there but I got him to confirm via text that he has vacated the property so I can change the locks if I want to. + +Do I let him come back despite him wanting to move in and then calling them about something he knew wouldn’t be on and then lying left and right about it (my fault for being a bit lenient on that, but live and learn) Or do I just take his deposit for breaking lease, which I can technically now do (could legally keep everything, but I’m not an asshole) and let him go find someone else? +Amber Kanwar explains why Raymond James is saying it's time to move from an overweight position to a -- + +[https://www.bnnbloomberg.ca/real-estate/video/canadian-reits-receive-downgrade-from-raymond-james\~1702308](https://www.bnnbloomberg.ca/real-estate/video/canadian-reits-receive-downgrade-from-raymond-james~1702308) +Instead of a weekend post, we are asking people to give their thoughts on the state of the sub. We have some rules in to try to pull back on too much focus on penny stocks and stock pumpers, but they are here with their bullshit. Especially since the AFR story. There is some gold DD in here, but stuff going to the moon is lost among the stuff that's no moon, it's a cannon ball. + +&#x200B; + +As it stands right now, we have a pumper problem. Not just pumping quality that will moon 300%, but that pumpers are trying to get out of and we are just bagholders. They know it's not going to go up and are using us to get out. We added in the meme stock flair to let us be more aggressive. Plus the Dumbfuck Discussion rule is always in place for penny stocks. If you already have that Flair "To stupid to know how to flair properly" and we get you again, it's going to get more agressive. + +&#x200B; + +This is not. I repeat NOT /r/Hotcopper. Have some Pride. It's that thing your wives boyfriend told you about. +Listen, I’m lucky enough to have been extremely financially stable for most of my life. Got a good job, a paid house, … And I don’t care much about having a lavish lifestyle. + +I pledge to only sell between 1 and 5 shares on the way down if we reach 10-15M+. I want all my fellow apes to get life changing money, no matter if you hodl X or XX. + +This isn’t about money for me anymore, this is about investing in a company that made me who I am today, as well as shaking up the US financial system. + +Your move, Citadel. + +EDIT: Due to popular demand, changing my floor to 10-15M, point still stands. +Initial July claim: 1.416 mil vs 1.3 mil expected +(This means first-time unemployment insurance benefit filings) +Continuing claims: 16.197 mil vs 17.1 mil expected + +This is pretty surprising given the situation in some states but bullish in the long run. + +Source: +https://finance.yahoo.com/news/jobless-claims-coronavirus-unemployment-week-ended-july-18-2020-194718978.html +I just downloaded some updates from my old Merrill Lynch 401k and found out that ML sold 152 shares of Vanguard 2035 target retirement fund and rebought 134 of the same shares at a higher price the same day. This is the first stock sale/transfer that has posted to this account in 2 years. + + +Is there some reason I'm not aware of with these targeted retirement funds that would allow them to do this or was this a mistake on their part? + + +Although the actual dollar amount is the same I have lost 18 shares because they bought it back at a higher price than I paid. +Just curious how many are actually paying their taxes? I can’t seem to understand how the government will track earnings when wallet addresses are so unregulated/anonymous. +I am not trying to be authoritative here, but this question seems repetitively asked. I am hoping this could help those who have concerns in these ETFs. + +Also, I am also testing the water here, to see if this worth ongoing effort. If this can pick up some steam here, I will choose other common topics to share thoughts on. I see inequality to be a big issue in the years coming ahead and I hope my little effort in an investment community can help even just a bit on the issue. + +Ok, more than enough said, let’s dig in. + +First, what’s an asset allocation ETF? + +Asset allocation ETFs really just invests in baskets of different investment-grade assets and bundle them together. Then issue securities on the big basket. When an investor buys a share of such ETF, he/she gets to invest indirectly in all the underlying assets. + +Because underlying assets are made of worldwide equity and bond indexes, lots of assets got mixed here. + +The major examples include Vanguard Canada’s VEQT, VGRO, VBAL, VCNS. iShares Canada/RBC Capital and BMO also have corresponding competitions. Based on different risk appetites, portfolios are constructed differently through % of equity vs % of bond. + +Issuers choose to call this type of ETFs “asset allocation ETFs”. This is actually a pretty dumb name in my opinion. By nature, all ETFs are allocation of assets, just by different standards. Since this type of ETFs investing in literally everything, you can see the dilemma. + +In this community, for good reasons, people tend to recommend this type of products, almost as a cookie cutter solution in many cases. Just like anything, there are pros and cons on these products. + +Alright, let’s talk the good, the bad and the ugly: + +Good on asset allocation ETFs: + +1. Wide exposure to worldwide asset classes. This gives a good diversification by the portfolio itself. One-stop shop, just keep piling money on, diversification has never been this easy. + +2. Auto-rebalancing. To ensure a disciplined investing strategy, all portfolios need to buy and sell some of the underlying assets, so the portfolio stays on intended allocation overtime. These ETFs do this for you, which saves lots of headache to balance a bunch of investments. + +3. Low management fees. For this amount of diversification and auto-rebalancing, the fees are around 0.20% to 0.30%. More than reasonable. + +Bad on asset allocation ETFs: + +1. Very little room for adjustment and reaction. + +There is no better example than this current market condition, a prolonged near 0% interest on bonds across the board. This essentially renders the bond portion of the portfolio useless. Through this pandemic, we have also witnessed bonds aren’t the best diversification to equities either, because central banks can and will turn their back on the bonds. If you turn around and realize you should invest in gold instead, for example. Then sorry, you are out of luck because that’s not a asset class the ETF will invest in. + +Will they add commodities as an asset class? Perhaps, I doubt it anytime soon at least, given that commodity trading is expensive and run a passive management on commodity would require some invention. + +2. Need a thriving global economy + +Not just US, Canada, China or Europe, but all of them. To see real gains on these global portfolio, then you need a thriving global economy. This is quite hard to get, especially after pandemic, economies have been quite differently. It takes quite some patience to recover and get up to the growth speed like early 2000s. + +Ugly on asset allocation ETFs: + +1. Deviation from index investing. + +Many would argue index investing performs well overtime and no one beats indexed investing overtime. Well, it actually doesn’t apply as well as hoped here. 2 things off here: + +a. these asset allocation ETFs use internal indexes, meaning that VGRO from Vanguard Canada and XGRO from iShares/RBC actually have different weights in different assets. And they way they allocated assets can be of a variety of reasons. Which one is better? Only time will tell, but make no mistake, there is no established “world index” to follow and certain not when bonds and equities mixed up together. + +b. “Overtime” is quite perceptive. If you have longer time-horizon then you stand a better chance to have that impressive overtime return. That is not to say, you will get that. Huge difference. If you change your mind and need to break the piggy bank and say buy a car or house etc., just like anything else, the HPY may not impress you. So hold your expectation properly. + +2. Custodian risk. + +Yes, even with reputable companies like Vanguard and Blackrock, these custodians with trillions of dollars under management, there are still custodian risks. This means that all the reasons that you wouldn’t trust a company’s equities with your entire savings also apply here. + +3. Little income generation + +If you need income from your investment, then you may want to consider a laddered GIC before these ETFs, because most of their yields are very limited, typically 1-3%, and only paid on quarterly if not more infrequently. Even with the conservative portfolio, full of bonds, still not quite there. + +There are many other points to consider about these ETFs, I have highlighted everything in my mind. Feel free to raise any points worth considering as well. If you don’t know what is the goal of your investing, then the answer is not investing in anything, instead of these asset allocation ETFs. They are by no means all-rounded solutions. + +I hope this would give a more balanced view on these products and help someone in their decision making. + +Edit: just want to say thanks for the support and points raised from the comments section. Also, perhaps more importantly, I also learned quite a bit from the comments, as well. Lots of good points are made to enable a more complete view on the asset allocation ETFs. Also, I want to clarify that I am not trashing these ETFs at all, but I do hope to bring a bit of expectation management to these products. +I'm still early in my FIRE journey, but one thing that I struggle with is life long planning for my intellectually disabled son (4 yo) who may never be independent. + +How do you guys deal with this? From a short-medium-long term planning POV. + +From a financial POV. + +Emotional POV. + +Day-to-day needs POV. + +Caretaker/guardianship after your death. + +So many unknowns, it's truly the only thing that is on my mind. +This isn't rocket science folks. + +I get a kick out of BTC bag holders who often troll posts on this reddit group, clinging to the notion that one day ETH will give back some of it's market share to BTC, as if there is no reason for the shift that is currently taking place. + +For example, a few weeks ago an "expert crypto analyst" posted this youtube video: + +https://www.youtube.com/watch?v=Y_90ZOJNKOg&t=92s + +As we all know, the exact opposite happened which means anyone who took his expert advice got thoroughly rekt. + +And that is because you can't be blind to the fact that ETH is far superior in every way to BTC and use a chart like a fortune teller uses a crystal ball. + +This is not a see-saw and if it is, there is a heavyweight on one side of that see-saw and a baby on the other side. + +Let me make it crystal clear for the weak hands that have the tendency to get swayed by FUD: + +Technology - ETH wins +Developers - ETH wins +Business Adoption - ETH wins +Dev Team - ETH wins + +You exchange your ETH for BTC? - You lose +Recently viewed a one bedroom apartment for 1800. All utilities included and it comes with a washer/dryer. Is this affordable on my salary? I’m also planning to work part time. + +I’ve viewed apartments for 1500-1600 with some utilities, I figure I’d save money with all utilities and the washer/dryer. But still hesitant. + +Update: Thank you so much for the feedback. I decided to keep looking for something much cheaper. Taking all your advice and looking at the bigger picture. Don’t want to struggle paying rent and not have money for savings or for extra things like vacation. Thanks again :) +Hi there. I don’t have expertise in this area at all so I could use advice. I have about 12k in credit card debt - ugh I know. It’s horrible. My Apr is about 15.99 on all cards and my credit is good (about 708). + +Recently, my parent passed away and I was left with about $50k or so that I have now in a portfolio ( moderate risk growth). + +So my question is- is it more beneficial to pay off my credit card debt or keep the entirety of the money in the portfolio and pay off my debt little by little as my income allows? + +Please help. Thanks so much! +I know many of these studies have flaws and it’s impossible to know for sure, or even to objectively measure it. + +But in general, is there any consensus or study showing that the majority of economists agree with the DNC or GOP when it comes to the economy? +If there is, is there a point at where it effectively just becomes a form of rent-seeking? + +If there isn't, what policies would be most effective at redirecting corporate revenue towards more beneficial activities? +To expand on title, if our quality of life is improving why should we care about wealth inequality? If my neighbour is driving a ferari while I drive a ford, why should I be mad at my neighbour? I'm living a decent quality of life. + +If wealth inequality is so important, would you rather live in 1940 USA (where wealth inequality was lower) or 2021 USA? I can gurantee the vast majority of people would prefer 2021. + +So why care about wealth inequality? +Awhile ago, my lease was up. The landlord agreed to renew, but said, "My property taxes went up this year, therefore I'm raising your rent." + +I'm wondering if this phenomenon is typical. Do renters pay a portion of taxes on the property they live in? What's the state of the empirical literature? + +So far I've found [a book from the Lincoln Institute](https://docs.google.com/viewer?url=https%3A%2F%2Fwww.lincolninst.edu%2Fsites%2Fdefault%2Ffiles%2Fpubfiles%2Fa-good-tax-full_3.pdf&pdf=true) that just briefly mentions, "Oh, renters may or may not pay property taxes but lol no sources kthx bye." + +**Edit:** I found [this](https://docs.google.com/viewer?url=https%3A%2F%2Fwww.ntanet.org%2FNTJ%2F47%2F2%2Fntj-v47n02p295-316-property-tax-benefit-tax.pdf%3Fv%3D%25CE%25B1%26r%3D19426893815398216&pdf=true). Theoretically, landlords bear the full burden of a property tax increase *if tenants are perfectly mobile*. If a property tax is, economically, just a fee for local services, then tenants bear the full burden. I'm still searching for evidence in this area, but all the arguments from pure theory I've been getting are lacking. Don't give me Adam Smith. Give me regressions. +Hi folks. + +I'm 29, with a B.A. in politics and several years of unrelated work experience. +Originally I planned to go back to school, do another B.A. and then do a Masters. +However, upon talking to several economics lecturers at various universities I was considering, they all recommended to just do a Masters. However, I'm genuinely terrified about doing so, because Masters are extremely expensive, and I feel woefully unprepared. + + +How essential is the B.A. to a Masters, and how detrimental will not having any relevant experience or education be? Should I listen to the lecturers, and just go for it? +So a bit of backstory. in June of 2020, I bought a 2019 Toyota Camry LE for 16K from a dealership. It had 19k miles and was exactly what I wanted. My previous vehicle had been totaled in a hail storm so between that, and what I had saved, I only had to take out a 6k loan. I worked hard and had the 6k paid off in 8 months. + +I graduated in 2020 with a bachelors in computer science, and now have a remote job making 40k per year, which is pretty good for where I live. Even working through collage, and having 50% of my school paid via a grade based scholarship, I still have 28k in student debt. + +Then the Covid hits, and my loans are now on pause until spring. So I start to save, and manage to get 8k in savings. Also because of Covid used cars go up in value crazy high. My 2019 Camry I bought for 16k now is worth 26k even though it has 12k more miles and is 1.5 years older. + +So I sold it, and now have 34k in my money market account at .3% interest, but my only car it a old beater that need a couple hundred in repairs. + +The money from my car sale is in there (making $90 per month) until my student loans come due in May, then I will pay it off. Which will still leave me 6k to buy a decent car, if I save nothing. + +&#x200B; + +I am worried about the car market not going down, and having to buy back in high. Was this a smart move? What is your opinion? Let me know if I screwed up. + +Thanks! + +&#x200B; + +EDIT: + +Can anyone confirm my math + +10k profit + 40k wages - standard deduction of 12k = 38k taxable income, which is below the minimum threshold for capital gains taxes correct? + +also I will have a couple thousand in charitable contributions, so can I use that and the standard deductions? + +&#x200B; + +EDIT 2, I know my math on .3% of 29k is wrong +Hi all, the title says it all. I can’t help but feel so much hatred and frustration towards the world right now and I can’t stand feeling that way. The news of mortgages and interest skyrocketing, cost of living rising and wages remaining low really gets to my head and I’m sure many of you are also struggling with the same anxiety. I try to “change what I can and accept what I cannot change”, but I just feel so trapped. I do my best to block out the media, but it’s everywhere I look. I work my ass off 7 days a week, also working overtime, I barely spend a cent (I also track all of my money), I have to sacrifice social outings and enjoying life and yet it seems like every f$&@ing week we’re pushed back further and further behind. We can’t put money in banks because they generate no interest, shares are more volatile than ever (most people I know are really bleeding out), houses are unaffordable and wages aren’t rising. What the fuck can I do? I’ve gotten to a point where I’m selling things I own just to help put some extra money aside. The industry I work in is also incredibly tough, it’s hard to climb the ladder when I’m so early into my career and I’m not blessed like half of the people in this forum magically earning $400k a year. I’ve looked for other jobs but competitors all offer the same as where I work already. Any advice, wisdom or personal experiences would be greatly welcomed, I just have no idea where to go from here. +It seems like there is no way to locate a reliable platform to do this in the UK, + +I have been trying to find something like this be it seems impossible without stories of people not receiving their money, I want to select my own stocks and have it at a low cost as possible. + +Does anyone have any suggestions around this? +It might sound crazy, but I feel much more comfortable investing in ETH, BTC and POLKADOT than investing in the stock market. Currently I‘m like 70% crypto and 30% stonks. + +The reason: I believe that the amount of brain power behind projects like ETH happens once in a lifetime and I strongly believe in it‘s utilization and worldwide value long-term. I also believe that it‘s inevitable that giants like Visa, Apple, MSFT, Google etc. are going to adopt the ethereum blockchain technology too. + +I mean, adoption of crypto already happened with Tesla/BTC. + +Am I the only one? + +EDIT: After reading all the comments, I understand that I might be deep in the euphoria of this bull run, which is not a good thing. I wonder if there were euphoric posts like mine back in 2017. +In four months it's going to be January. What's so special about that? Well that's when a mass majority of us started buying into GME. That is the month that all of the shares we've been buying up start hitting that 1 year mark, that's the month our short positions start turning into long positions and every month after that. We know you want those juicy capital gains tax. The longer this drags on the less you get in the end. +Edit: Based on premarket at time of this writing, if MOASS starts today I call dibs on being the catalyst. +So I tried this before and people totally misunderstood and it got removed. So I'll try to be more specific. + +If you own a car that qualifies for uber, sign up. You get a ton of discounts on tires and car maintenance as long as you complete one trip. + +Once you are a registered driver, if you ever hit a patch where you are broke and hungry, or short on rent or whatever, you can turn the app on, and have some cash in your bank account one min after finishing a trip. It's a godsend if you have a quarter tank of gas and no money. You can turn that quarter tank of gas into like $130 after fuel cost in around 8 hours. + +This is by no means a viable way to earn a living full time, but if your family is going to go to sleep for dinner, or the landlord is kicking you out or you overdrafted your bank account or whatever has happened it can get you through. It paid my mortgage last month. + +Many people will tell horror stories about a friend of a friend who got screwed Or whatever. Remember, uber insures your passenger, not your car, and not if you are intoxicated in any way. + +It took me 10 days to get my background check back, so if you get approved now, you have a fallback paycheck just in case. + +For me right now, having a bit of income from driving is giving me the chance to find the right new job, not just the first one. + +Obligatory not a corporate shill, literally any job that pays $12 an hour pays more than uber does after gas, oil changes, and car maintenance. But when the doodoo hits the fan, it can prevent the poo pile from snowballing. + + +I read another user's [post](https://www.reddit.com/r/Superstonk/comments/nm7bj9/does_anyone_else_feelcrazy/) a while back, in which he asked if anyone else felt like they were going crazy being caught up in the GME saga. My response is as follows. + +&#x200B; + +I feel like I've been here once before. + +&#x200B; + +I was poking around investing forums in early December of 2019. In doing so, I happened upon a subreddit called [r/Coronavirus](https://www.reddit.com/r/Coronavirus/). At the time, it had subscribers in the low tens of thousands. The posts were terrifying. Scattered reports of a novel Coronavirus emerging from somewhere in the Hubei province. Worried doctors sharing concerns over a cigarette break, questioning their government's official case counts. I watched cellphone footage of a person being escorted into the back of a van by officials in hazmat suits. I watched an apartment door being welded shut from the outside. + +I didn't want to believe any of it at first. I thought, "if this threat is as serious as it seems, surely the media would be talking about it!?" Nonetheless, I forced myself to consider the possibility of it being true. The implications were too significant to be dismissed. + +Members of the subreddit were expressing fear for the well-being of their friends and family, and for themselves. Users were discussing the implications for society and the economy, and sharing their plans on how to best prepare. They were stocking up on water and ammo, and preparing bug-out bags like the apocalypse was upon us. I did my prep as well; I bought N95 masks, hand sanitizer, multi-vitamins, food, toilet paper (lol). I kept what little wealth I had out of equities, as I expected panic to take hold when news broke. *And what do you know, we witnessed panicked stockpiling of those exact goods, as well as the biggest flash crash in recent history.* + +I felt like I was living in a dream. I was trying to act normal at work, and would casually probe to see if coworkers had heard anything. When I was stocking up at the local pharmacy, an employee there hesitantly approached me and my cart of fallout shelter inventory. She brought up topic of Coronavirus, and we both eagerly divulged to each other what we had been seeing online. We shared relief that finally SOMEONE was aware of what was going on, and disbelief at the obliviousness of everyone around us. The conversation ended with an exchange of "goodluck" and "yea, you too." + +I told friends and family what I had seen online, and that I believed we were in the initial stages of a pandemic. All I received in return was strange looks or amused grins. That is, until the headlines started rolling in. Once main stream media picked up the story, my friends and family came to understand what I had been warning them about all along, and they realized that I had been ahead of the game(stop). + +&#x200B; + +*The moral of this story, is that if you exercise an appropriate level of skepticism, being open to receiving uncomfortable truths from unconventional sources does not make you insane. It means you are willing to challenge your own preconceived notions.* + +&#x200B; + +I am taking what I learned through my experience of Covid and applying it to my current experience of GME. Much like the users in [r/Coronavirus](https://www.reddit.com/r/Coronavirus/) tipped me off to Covid, you Apes have provided me with crucial information that has put me in a position to benefit from one hell of a short squeeze, and hedge against a potential crash. + +&#x200B; + +**For those of you who are experiencing thoughts like "this is too good to be true" or "I must be crazy," just know that there are Apes like me thinking "oh weird, its happening again."** + +&#x200B; + +I appreciate the hell out of you Apes. The memes are great. And I really like the stock. +As the title says, what do real estate investors spend their days doing? I'm a full time engineer looking to purchase my first investment property later this year. Outside of my full time job, i find myself having free-time that i would like to spend productively rather than watching YouTube or wasting time. + +I'm in the middle of a purchase for a primary residence, so i'm not able to take the action of buying an investment property. That's why I'm unable to purchase right now. + +What other things can i do in the meantime to spend my time wisely to reach my investment goals? I spend time educating myself on real estate forums, books and even meet-ups. Are there any other things that are useful? At this next meet-up, i'm looking to reach out to experienced investors to see if i could work under them, in exchange for some knowledge. + +What helped you in your journey to real estate investing? What actions do you suggest? +https://imgur.com/a/FQvPC + +Anyone else exploiting this right now? God damn this is a good day. Ive only been hitting it for 5% gains daily but damn this is a good day. + + +I’m holding till I see oh shit money and then holding about 10% of my shares until they have closed the doors and shut the lights off handcuffed. All this drama makes me laugh because real diamond hands know what’s up and the jokes on Kenny Mayo hands. I’m just gonna sit back and watch the shit show. To the moon fellow apes 💎🙌🏼🦍🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Sorry if this is a mess- I have no idea what I’m doing. + +My estranged mother died unexpectedly. Aside from dealing with the general confusion and sadness I am completely lost and overwhelmed with what to do financially. + +As far as I can tell by going through her paperwork she has at least $16,000 in debt between medical and credit cards. And that’s just what I have found so far. I have no idea what to do. Am I responsible for this as next of kin? I’m not listed as a co-signer or anything on any of them. Everything says it’ll be docked from the “estate” but there is no “estate” the only bank statement I can find says she had about $1,000 to her name. + +Do I need to cancel her social security and Medicare/Medicaid? Does that cost money? + +If this isn’t the right sub please let me know. I’m overwhelmed and incredibly distraught. + +ETA +First off, this has been incredibly helpful and I am so grateful for the responses! It is clear that I am not going to do/touch anything regarding her bank accounts or debt or anything. If debt collectors call me I will politely direct them to lose my number as they will not be getting a cent from me or the surviving family. I did call SSA to notify them of death so she’d stop getting benefits. + +Second, answers to some common questions up here since I am overwhelmed (in a good and super grateful way!) by the response: +1) she had no house, no job, and no assets. Literally just whatever was in the bank. +2) there is a will but my mother had tried to have it nullified; unclear what she meant by that or what happened. The lawyer is out of office this week but I’m going to call her next to get it all straightened out. Technically my older sister is the executor, but I am the alternate. +3) I am doing this for two reasons: while we were estranged from our mother, it wasn’t our choice. She was deeply unwell and estranged herself from us. We tried to have a relationship. And also, I’m doing this because while I was listed as an alternate on the possibly nullified will, my sister is too far away and not handling this well so it falls to me. + +Thank you all again for the help! +Here’s a grassroots project with a strong community and real connections. + +TODAY AT 3PM EST THE FULL TEAM REVEAL + DISCLOSURE OF THE SECRET PROJECT WHICH SHEESH IS BASED AROUND IS BEING SHOWN OFF ON THEIR TWITCH!!! + +SHEESH has assembled a team of 20+ to work on every possible area ranging from Admins/Mods, Dev, Design, Strategy & Promotion - the lead developer Aaron Doh viral in his own right is fully committed to taking this to the moon! + +His Followers: TikTok 5.8M, YouTube 458k, Twitter 350k, Instagram 509k +https://www.tiktok.com/@aarondoh + +DYOR and check out the socials below to make an informed decision: +https://t.me/sheeshtokenchat +Biggest News: + +Just listed on CoinGecko: https://www.coingecko.com/ro/coins/sheesh-it-is-bussin-bussin +AMA TODAY at 3pm EST with big announcement +In talks with a number of exchanges. CMC coming anytime now. + +The dev is a big influencer, with his entire senior team being publicly doxxed on the SHEESH whitepaper: https://sheeshtoken.com/whitepaper.pdf +The project has genuine long-term potential which Aaron is intending to use his social media reach to promote with the first official influencer having been onboarded and many more to follow in the coming weeks : +Spice King - Followers: TikTok 14.1M, YouTube 887K, Instagram 124k +He didn't yet begin promoting the coin. +https://www.tiktok.com/@spicekingcam +https://direct.me/spicekingcam +This brings us onto both further marketing plans as well as roadmap for the project. SHEESH Token will be used for: + +A link between the gaming world – both competitive/entertainment and crypto. This will include competitions and tournaments and now servers, with multiple tournaments being successfully completed and prizes paid. +Influencer community engagement token – HUGE NFT POTENTIAL, giveaways, merchandise sales, fan engagement, etc. + +SHEESH is strongly intertwined with the world of influencers, the medium-term marketing strategy is mainly driven through social media partnerships, and so far we know its related to the secret announcement from what they've hinted at. Aaron is in talks with many content creators and influencers, specifically in the crypto space. +Today, there will be a revamp and redesign of the website, branding, and whitepaper along with the announcement. The team has recently deployed a number of graphic designers to update and polish an already attractive site. +Please be aware, like every crypto project there are potential ‘risks,’ for now the real use case is still in development but it still can grow off hype for the meme, the strong community, and speculations of the value of what's being announced today. + +SHEESH TOKEN and it’s community not being able to generate enough hype/marketing through their network of influencers and partnership deals. +Assessing the likelihood of the risks will be in your best interest as the investor, so I urge you to DYOR before Investing. + +HOW TO BUY: +Never follow any Pancake links of random Redditors! +Go to the website https://sheeshtoken.com/ and follow their official links. There is also a quick guide on how to buy. +LINKS: +> Contract: https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c +> Telegram: https://t.me/sheeshtokenchat +> Discord: https://discord.gg/Ssq8MdwQ2w +> Token Twitter: https://twitter.com/SheeshToken +> Token Website: https://www.sheeshtoken.com/ +> Roadmap: https://i.imgur.com/Rm0bTIs.png +> White paper: https://sheeshtoken.com/sheesh.pdf +> Bogged chart: https://charts.bogged.finance/?token=0x7E5d52C3335C91Af0da392BEa4BB9e43F2AbA62C +> CoinGecko: https://www.coingecko.com/ro/coins/sheesh-it-is-bussin-bussin +> Liquidity locked: https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958 +> Subreddit: r/SheeshToken/ +> Twitch: https://www.twitch.tv/sheeshtoken?sr=a +> Stocktwits: https://stocktwits.com/SHEESH_Token +I am confident about this Token and in the SHEESH Team. Paired with the low market cap to the following on social media, this makes a great entry point. Don't miss out, DYOR and I hope we see you in the SHEESH TOKEN community! + +Don’t forget about the meme contest! This social media meme contest will be on Twitter and Tiktok. The winners will be determined by the most interactions on their post. There will be two winners on each social media site (4 in total). First place will win 50,000 Sheesh, and Second place will win 25,000 Sheesh! + +All you have to do is post a meme relating to Sheesh Token with the hashtag - #sheeshreveal + +We will be going over the memes at the end of the reveal live stream! + +REMEMBER! Tune into the stream at 3pm Eastern to see the fireworks! +https://www.twitch.tv/sheeshtoken?sr=a + +SHEEEEEESH +Hello r/CanadianInvestor and r/PersonalFinanceCanada. I don't know what to think anymore. Being new to anything can be stressful and I'm no exception. + +When I heard about the coronavirus, my first thought was something was fundamentally wrong but perhaps the Chinese government will shutdown the country for a month or two. In the meantime I spent my days laughing at WW3 memes knowing that there was no way we would go to war. Then the plane got shot down.... Ever since that day, a fear settled in my stomach but I ignored it, hoping that 2020 was going to be "my year." + +So I started investing after holding off for a year because I was switching jobs, getting less income in the process. The coronavirus was growing in China but, again, I was expecting them to stop it from spreading. My mom, who works in a hospital, noticed similarities of the coronavirus to SARS. + +A month later, it spreads to South Korea and Italy and it was at this point that it was starting to get priced in. Obviously, my portfolio didn't take a humongous hit as I lost \~$20. In the following days, however, it just went down and down. Mind you I don't care if I lose all of it as it is money I'm 100% willing to lose (thanks to both subreddits). + +Now, its closing most countries, including our own. My grandma died two days ago and there are fears in my family that it was because of COVID-19 (she had asthma among other health problems). My family and I are prepared for the long run but I never thought it would come to this. + +Stay safe, guys. Hats off to everyone trying to defeat this ~~national~~ global threat. +Not fatfire yet but on the way there (~3MM net worth, household income about 400K). Plan to reach about 6-7MM and retire in 6-10 years depending how well markets and investments treat me (lower number is due to relatively low COL where Im from). + +An issue I am trying to mentally prepare for is the ego element of quitting - I work in a fortune 50 company where people stay for 20+ yrs easily, and I’m relatively fast tracked. Now when I quit eventually, undoubtedly my peers will rise up far more and achieve far greater things. Everyone has their own life to live and own choices to make but I struggle with this because there is a direct comparison of “what might have been”. How do other folks deal with this? +Hello, + +From what I've seen, many financial products, such as PE fonds or hedge funds, have very high requirements on initial investments for investors to participate. Even "roboadvisors" often have minimums that go into the 6-figure range, although they target smaller investors. Why is this the case? Those businesses are essentially pooling money together and then sharing profits of the pool with the investors that make up the pool depending on how much they invested, so wouldn't every "little bit more" money in the fund help them operate? What are the high minimum requirements for? There has to be some underlying reason, but I'm not sure I really understand it at the moment. +The day before Bear Sterns crashed, the Federal Reserve held a private, non recorded meeting with many of the investment banks, with the exception of Bear Sterns. In attendance was Fed Chief Ben Bernanke, the NY Fed President, Jamie Dimon, and the rest from Goldman Sachs, Morgan Stanley, Merrill Lynch among a few others and none other than our mayo loving boy Kenneth Griffin. + +The same day this meeting was held, someone spent $1.7 million on options, betting they would crash within 9 days, and made $270 million. The SEC said they would look into it but nothing ever came about, yet they are known to travel internationally to investigate insider trading from a $2000 profit. The article below explains how all the investment banks ganged up on Bear Sterns toward the end and colluded them into bankruptcy, and through many tactics resulted in consolidated financial and political power during 2008. Of course they are equally to blame in the crash, but these psychopaths are extremely intelligent, and their collusion knows no bounds. + +I’d recommend reading the full article here: [Wall Street’s Naked Swindle - Rolling Stone](https://web.archive.org/web/20210213125246/https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/) + +Some excerpts below. + +On Tuesday, March 11th, 2008, somebody — nobody knows who —made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — “like buying 1.7 million lottery tickets,” according to one financial analyst. But what’s even crazier is that the bet paid. + +At the close of business that afternoon, Bear Stearns was trading at $62.97. At that point, whoever made the gamble owned the right to sell huge bundles of Bear stock, at $30 and $25, on or before March 20th. In order for the bet to pay, Bear would have to fall harder and faster than any Wall Street brokerage in history. + +The very next day, March 12th, Bear went into free fall. By the end of the week, the firm had lost virtually all of its cash and was clinging to promises of state aid; by the weekend, it was being knocked to its knees by the Fed and the Treasury, and forced at the barrel of a shotgun to sell itself to JPMorgan Chase (which had been given $29 billion in public money to marry its hunchbacked new bride) at the humiliating price of … $2 a share. Whoever bought those options on March 11th woke up on the morning of March 17th having made 159 times his money, or roughly $270 million. This trader was either the luckiest guy in the world, the smartest son of a bitch ever or… + +Or what? That this was a brazen case of insider manipulation was so obvious that even Sen. Chris Dodd, chairman of the pillow-soft-touch Senate Banking Committee, couldn’t help but remark on it a few weeks later, when questioning Christopher Cox, the then-chief of the Securities and Exchange Commission. “I would hope that you’re looking at this,” Dodd said. “This kind of spike must have triggered some sort of bells and whistles at the SEC. This goes beyond rumors.” + +Cox nodded sternly and promised, yes, he would look into it. What actually happened is another matter. Although the SEC issued more than 50 subpoenas to Wall Street firms, it has yet to identify the mysterious trader who somehow seemed to know in advance that one of the five largest investment banks in America was going to completely tank in a matter of days. “I’ve seen the SEC send agents overseas in a simple insider-trading case to investigate profits of maybe $2,000,” says Brent Baker, a former senior counsel for the commission. “But they did nothing to stop this.” +The SEC’s halfhearted oversight didn’t go unnoticed by the market. Six months after Bear was eaten by predators, virtually the same scenario repeated itself in the case of Lehman Brothers — another top-five investment bank that in September 2008 was vaporized in an obvious case of market manipulation. From there, the financial crisis was on, and the global economy went into full-blown crater mode. +Like all the great merchants of the bubble economy, Bear and Lehman were leveraged to the hilt and vulnerable to collapse. Many of the methods that outsiders used to knock them over were mostly legal: Credit markers were pulled, rumors were spread through the media, and legitimate short-sellers pressured the stock price down. But when Bear and Lehman made their final leap off the cliff of history, both undeniably got a push —especially in the form of a flat-out counterfeiting scheme called naked short-selling. + +That this particular scam played such a prominent role in the demise of the two firms was supremely ironic. After all, the boom that had ballooned both companies to fantastic heights was basically a counterfeit economy, a mountain of paste that Wall Street had built to replace the legitimate business it no longer had. By the middle of the Bush years, the great investment banks like Bear and Lehman no longer made their money financing real businesses and creating jobs. Instead, Wall Street now serves, in the words of one former investment executive, as “Lucy to America’s Charlie Brown,” endlessly creating new products to lure the great herd of unwitting investors into whatever tawdry greed-bubble is being spun at the moment: Come kick the football again, only this time we’ll call it the Internet, real estate, oil futures. Wall Street has turned the economy into a giant asset-stripping scheme, one whose purpose is to suck the last bits of meat from the carcass of the middle class. + +What really happened to Bear and Lehman is that an economic drought temporarily left the hyenas without any more middle-class victims — and so they started eating each other, using the exact same schemes they had been using for years to fleece the rest of the country. And in the forensic footprint left by those kills, we can see for the first time exactly how the scam worked — and how completely even the government regulators who are supposed to protect us have given up trying to stop it. + +This was a brokered bloodletting, one in which the power of the state was used to help effect a monstrous consolidation of financial and political power. Heading into 2008, there were five major investment banks in the United States: Bear, Lehman, Merrill Lynch, Morgan Stanley and Goldman Sachs. Today only Morgan Stanley and Goldman survive as independent firms, perched atop a restructured Wall Street hierarchy. And while the rest of the civilized world responded to last year’s catastrophes with sweeping measures to rein in the corruption in their financial sectors, the United States invited the wolves into the government, with the popular new president, Barack Obama — elected amid promises to clean up the mess — filling his administration with Bear’s and Lehman’s conquerors, bestowing his papal blessing on a new era of robbery. + +Then, on March 11th — around the same time that mystery Nostradamus was betting $1.7 million that Bear was about to collapse — a curious thing happened that attracted virtually no notice on Wall Street. On that day, a meeting was held at the Federal Reserve Bank of New York that was brokered by Fed chief Ben Bernanke and then-New York Fed president Timothy Geithner. The luncheon included virtually everyone who was anyone on Wall Street — except for Bear Stearns. + +Bear, in fact, was the only major investment bank not represented at the meeting, whose list of participants reads like a Barzini-Tattaglia meeting of the Five Families. In attendance were Jamie Dimon from JPMorgan Chase, Lloyd Blankfein from Goldman Sachs, James Gorman from Morgan Stanley, Richard Fuld from Lehman Brothers and John Thain, the big-spending office redecorator still heading the not-yet-fully-destroyed Merrill Lynch. Also present were old Clinton hand Robert Rubin, who represented Citigroup; Stephen Schwarzman of the Blackstone Group; and several hedge-fund chiefs, including Kenneth Griffin of Citadel Investment Group. +Lately after searching the internet and buying products. I notice there are a lot of services and products that thrive on uncertainty, buyer desperation, and fog of war to sell. And if buyers had more information I imagine these bullshit products wouldn't sell. For example tons of "herbal" products, coaching, and informational products that actually lackluster? + +I was wondering has economics spoken on the topic of this market of "bullshit" products and is there anything that takes an economics lens and focuses on exploring the nature of these bullshit items. + +Further details: I know scamming isn't new, but these technically aren't scams (or maybe so). The product or service is being offered it just doesn't meet the needs the consumer was hoping to address during the purchase. +Seems to me that it made the Fed have more opportunities to print money, and made the USD more volatile and sensitive to market demand. So why the change? Did they work? Keep in mind that I'm just recently learning about this, so my knowledge of the topic might be erroneous. +It seems to be commonly accepted that inflation hurts the poorest most. However, fighting inequality would seem to demand higher wages (and other redistributive mechanisms), which are (said to be) inflationary. Is there a flaw in this thinking? Or, if it makes sense, how would a society tackle inequality without creating this feedback loop? Thanks. +We both make minimum wage. We do not currently live together or have finances together, until our marriage next week. I work about 35 hrs/week, he works about 25-30. I get paid the 10th and the 26th of every month, while he gets paid every Friday. This comes out to us combined having 6 paychecks (7 once in a while when there's 5 weeks in a month). We made our budget for April and with our average income combined we make enough for our bills, a bit of savings, and a little extra. The problem is figuring out how to make sure we don't accidentally spend our bill money. Currently the bills are due on 3-4 different days of the month. I will be calling to see about trying to make them all come out on the 1st to make it easier. When it was just me, I was splitting half of my bills each paycheck and sending that half to a seperate account to make sure there was no way I could spend it. It seems way too complicated to try and do that 6 times a month. We will be having a joint bank account and have all finances together. Do we pay certain bills with certain checks? Do we set aside an amount from each check for bills? If so, what percentage? Any idea how we can do this? We are clueless. +Car dealerships are often very sleazy. One of the tricks that's been attempted on me and relatives is the dealership stating that they need your social security number to complete a sale if you have your own financing. + +This is not true. The IRS rules on transactions over 10k are for *cash* transactions not bank checks. They are trying to get your social security number to run a credit report on you so that they can come back and try to talk you out of your own financing. This credit pull has the potential to lower your credit score *depending on your circumstances*. + +I buy used, my CU has better rates than dealerships plus I'd rather deal with my CU over whatever financing the dealership has. Just wanted to give everyone a heads up because it's something to be added to the long list of things to look out for when buying a car. + +Edit: Where are people possibly getting that I'm saying a CU will always beat a dealership? I said *my* CU can beat the dealership. Additionally for the 100th time in the thread you do NOT need a SSN for OFAC. Edit3: [thanks to /u/helper543 for pointing out this OFAC scam last month.] (https://www.reddit.com/r/personalfinance/comments/7e9rgw/when_buy_a_car_beware_of_the_deal_tricking_you/) + +The fact that so many self described car salesman say you do shows just how pervasive the training they get to garner your SSN. There are apparently some states that require a SSN for titling but those are the minority of states, most only require a drivers license. + +Edit2: For the people saying "The dealership would never run your credit without your explicit permission" please read the dozens of replies where other people have said this happened to them. Advocating being cavalier with your SSN is terrible advice. Beyond negative effects on credit (which I admit may only happen in certain circumstances) giving your SSN out to people that do not legally need it is terrible advice. +September 15. That was a Monday. + +The next day the Fed loaned AIG $85 billion to prevent bankruptcy. + +The day after that Washington Mutual went up for sale and interbank lending stopped. + +On Thursday treasurery secretary Paulson briefed Congress on an emergency relief plan being put together (later called TARP), the president cancelled his travel plans to remain in Washington, and Morgan Stanley shares dropped by 46% over the course of a few hours. Paulson tried to broker a deal to *give* Morgan Stanley to JP Morgan Chase for free, but JPMC *refused to take it*. + +On Friday Paulson announced a $700 billion bailout and said "If it doesn’t pass, then heaven help us all.” President Bush later said, of the program, "I've abandoned free-market principles to save the free-market system" + +Since that time the stock market has returned something like 200%. Just a reminder to not let the fear take hold and prevent investment, even when it's hard and even when it's scary. + +I feel like it's good to keep the memory of this fresh because it helps to combat some of the things you hear during recessions which seem realistic but which turn out not to be, and which prevent people from making the most of the situation. +Full story: [https://imgur.com/a/eMSFsQq](https://imgur.com/a/eMSFsQq) + +**Summary**: There is a scammer impersonating Mr. Leon Li (Huobi CEO) to ask me to invest 1 BTC in order to receive 2 BTC per week. This scammer's Facebook is in the top of Google search because the Huobi CEO does not publicize his personal Facebook. The scammer also video called me and play a muted video of Leon Li for a few seconds and said there is a problem with the connection to make me into believing him. And here is the story of how I "tricked" this scammer lol + +I have long been annoyed with scammers because every now and then I get scam/spam calls. I used the Page Editor extension on Chrome to create some screenshots to convince the scammer that I transferred 1 BTC to him but was blocked by Binance because of the high risk. To verify, the scammer needs to transfer 0.001 BTC ($31) back to that wallet. So he really did it haha + +[https://blockstream.info/tx/81171b2ef54c7337050cb1e99c49f8be8d6b4b73f76edaa70634758c3816a475](https://blockstream.info/tx/81171b2ef54c7337050cb1e99c49f8be8d6b4b73f76edaa70634758c3816a475) + +Then I processed to ask him to send another 0.01 BTC (310 USD) with the reason that the risk is now escalated. But it wasn't success. Let me know how to improve next time. + +&#x200B; + +**Edit:** You should **do this too**. Very entertaining and satisfy once you can scam them back haha. If everyone of us do this, the scamming industry will take a big hit. +There are periods when the international market outperforms the US market and Vice versa, and it is better to be more diversified, but for returns in the near future, should I just stick with VTI? Or should I accept potentially lower returns with VT? +I just bought lump sum into VTI and VXUS yesterday. Not sure if I’m doing it wrong as the prices is currently at all time high, plus for the past few months the upside movement has been huge after the COVID recovery. + +Wondering if there would be a huge correction soon. Should I even worry? + +Sorry for my noob questions, have been playing crypto mostly in the past but moving my profits to index funds. +From [the article](https://www.cnbc.com/2022/05/27/the-feds-preferred-gauge-shows-inflation-rose-4point9percent-in-april-in-a-sign-that-price-increases-could-be-slowing.html): + +* The core personal consumption expenditures price index, the Fed’s preferred inflation gauge, rose 4.9% from a year ago in April, in line with estimates and a deceleration from March. + +* Personal income rose slightly less than expected, but spending beat estimates as consumers tapped savings. + +* Headline PCE rose just 0.2%, a sharp reduction from March’s 0.9% increase. + +> The Federal Reserve’s preferred inflation gauge rose 4.9% in April from a year ago, a still-elevated level that nonetheless indicated that price pressures could be easing a bit, the Commerce Department reported Friday. + +> That increase in the core personal consumption expenditures price index was in line with expectations and reflected a slowing pace from the 5.2% reported in March. The number excludes volatile food and energy prices that have been a major contributor to inflation running around a 40-year peak. + +There is a possibility inflation is peaking. If so, the Fed may pause hikes after the two upcoming 50bps ones. This [was discussed recently on this sub](https://www.reddit.com/r/investing/comments/uw9xjk/i_think_a_pause_in_september_might_make_sense/). +I know BABA is a popular value option on this sub. Curious if those holding are seeing this dip in China as a buy opportunity, or if your are just holding through it. I see China as risky, but I think BABA is an excellent company. Let me know! +I’ve formed a view about the market that seems logical to me. Would like to get a second thought from y’all + +The S&P 500 is at a Cyclically Adjusted PE of 38.72 and regular PE of 31.24. This means that to achieve 100% returns from earnings, it would take roughly 39 years (using CAPE). + +Meanwhile, we know historically that the market grows 8-12%. If we are very conservative, we can use Jack Bogle’s 4% growth prediction (even tho I believe it’s being proven wrong). Anyways, so at best that means that 100% return is achieved in 25 years. + +The discrepancy in time needed to achieve 100% is a sign, to me, that the market is overvalued. I know for a fact it is, but I’m trying to logically form conclusive proof before I make an action. + +Is this assumption correct? It feels like I’m not comparing apples with apples which could make this inaccurate. Also feels like I’m not accounting for something by using this assumption. Overall, something feels off but it makes perfect logical sense in my head right now. + +What do you think? Is it a fair assumption? Is this thought process logical? +I work an office job that overlaps exactly with the London New York overlap, plus a few hours after. I've been reading and toying with mt5 and coding some simple EAs to get a feeling of risk management and the interface in general, but before I put any money I have of course to trade with a demo account and know I'm profitable. And although I'm not crazy busy at work, I can't have mt5 downloaded and working on the trading, I think. +This is more of a relationship post, but I don’t know where else to go. I also wanted to know if others where having similar issues. For context, I’m a 33 year old male. I’m having trouble talking to people about money in the last few years. Even writing this it sounds like a giant first world, humble brag of a post. This stuff has been bother me a lot lately, since I feel like it’s a growing divide with the core people in my life. Around the time I hit the 200k and we all began hitting 30s it’s like something switched with my friends and I. We have been tight since high school, and I can talk to them about anything. They can talk to me about anything. Essential I feel like an elitist. There are two reasons why. When my friends and I talk about money, they say I just don’t understand their problems. The other one is probably my problem: when I talk about $1,000 I talk about it like they would talk about $20. + +I get their money problems and half the time I’ve been the one to point out the solution (cheapest way to do something, how credit vehicles work, or refinance routes), but somehow when it comes to me trying to talk through a monetary issue they just say “you got money”. It annoys me to no end. The reason I have money is I pay myself first, and what is left is my budget. My budget is $3k to spend a month, which is probably less then they do. In my group, I’m probably the lowest earner if stock gains aren’t included (which aren’t ever took out of the market anyway). How the hell to I get them to understand that I still have to adhere to a budget?! + +My other issue is: I don’t really think about day to day spending anymore. I mostly stick to 3k a month but I don’t feel a need to track my spending. I’ve gotten to the move in point with my gf and we were talking about budgets. It’s been kinda frustrating, because we are coming from very different places. She’s learned to live without certain things, while I’m learning it’s ok to enjoy some of my money on some luxuries. I said off handily that if we couldn’t make initial budget work I could just kick in an extra $500 a month and she told me I can’t just act like $500 has little value because that is a lot of money to her. She’s earning $34k a year and hates talking money. Despite that she’s great with money and an amazing saver. If she had chased money instead of passion for a career I have no doubt she’d FIRE before me. How do I talk about our budget in a way that’s comfortable for her, and reassure her that I view our income and spending as our money? I can bring 2k-4k to the table for our monthly expenses, but to me the question is how does she want to live preFIRE not what our budget should be? + +That’s my lame first world problem. I feel ashamed of having money lately, and I’m concerned I’m acting like an asshole about it. No one I know has a net worth over $100k including senior family members, so I don’t really have anyone in a comparable situation to ask. The easy answer would be to stop talking about money, but the only reason I’m good with money is I’ve been able to talk about it with the wonderful people in my life. I’ve adapted all their good habits and it’s got me this far. What’s everyone else’s experience? Does anyone have any useful toss for talking money? + +Edit: you’ll are the best!!! I’m taking away from this is I need to wait for them to ask for advice and stick to concepts not exact dollars. I feel kinda dumb for not figuring that out on my own, but hey I’m good with the financials not the emotions. +Just wanted to drop by and give you bros some encouragement. + +This market is pretty choppy, and it's difficult to make money consistently during months like March. You can have the best chart pattern, a huge catalyst, and even massive amounts of social media attention on your stock, and it will still come down if the overall market is crashing. + +&#x200B; + +Looking at my watchlist of 48 stocks, literally only AMTX and GNUS are green on the day. + +# How to Trade in This Market + +If you guys are familiar with my trading style, you know i use a lot of strict risk management in my position sizing. And the way the market has been this month, is exactly why i do it. Currently on the month I'm +2.7%, but i have definitely lost more trades than I've won. Its why i use 2:1 risk/reward no matter what. I can lose more trades than I win and still be even. IF you buy a stock right now, you NEED to have a stop loss and only risk whichever percentage of your account that you're comfortable with, in my opinion. I only risk 2% of my account per trade and cut my losses at that level each time. + +&#x200B; + +[my spy put day trade from today for +$148 in two hours](https://preview.redd.it/9sdyr98rauo61.png?width=615&format=png&auto=webp&s=ba22120bcd9e7300239f1a2b03ad602d46c2be07) + +&#x200B; + +# Basically, I'm not buying any pennystocks right now + +I'm watching VISL, ACCO, BHAT, (not too much though), GNUS, and others. But I'm not buying any stocks or pennystocks while I think SPY is bearish. I'm only day trading SPY options, and swing trading SQQQ long position. + +If you buy any pennystocks, I would just tread lightly or plan on day trading for a while. I'm still bearish on SPY down to 350, but maybe April will be bullish again for the market. Til then, just have to trade lightly and not hold any options overnight, while managing my SQQQ swing + +&#x200B; + +**Just some reminders** + +You're a great investor. + +You've been profitable in other months. + +You will continue to be profitable once the market is bullish again. + +&#x200B; + +&#x200B; + +cheers bois +Aside from simply wanting to improve your coding skills, or needing to implement some ML, if you wanted to just backtest simple strategies, why is something like multi charts not talked about much around here? +After all of the DD, the research, and the sheer will and motivation I've witnessed from this sub, I finally have speculation of my own to share with you all! I know I haven't been active in the discussion surrounding the stock, Wall St, Citadel, corruption, etc as I am far too smooth-brained in these areas to participate. Although, I have absorbed this information to the best of my ability as I've followed it and have DRS'd shares of my own. + +I've been an avid follower and researcher of crypto and blockchain technology for a very long time, as well as a newly aspiring Blockchain developer learning Solidity, the Ethereum blockchain programming language. **This post will be a long one, but please bear with me. I think the developments with Loopring will change the entirety of gaming as we know it.** In order to fully explain my speculative stance, I need to provide some blockchain education first. This partnership between Gamestop and Loopring isn't just good for the stock and the MOASS, but gamers and developers everywhere! + +**If you already know what NFTs are and how crypto generally works, you can probably skip to the 'What are Smart Contracts?' or 'Deeper Dive into NFTs' sections.** + +**Disclaimer**: Any of the projects or platforms I link here are for educational purposes only. I am not explicitly endorsing anything here, except for Loopring and how it will be transformational for Gamestop's future. + +Now, lets start at the beginning... + +# What are NFTs? + +NFTs, also known as Non-Fungible Tokens, are a tool that allows us to record and utilize unique data on a blockchain. Some of the most popular examples of NFTs can be seen coming from the art community. When NFT examples such as CryptoPunks and Bored Apes exploded in notoriety and value, people started to take notice. Sadly, art's grand debut into the NFT scene and the explosive prices that followed caused everyone to lose sight and excitement into what NFTs were, what they could be, and where they were headed. The crypto community did a poor job of breaking through this art craze, leading most people to simply mock them and "steal" NFTs by screenshotting them, etc. But a screenshot of an NFT is just a screenshot, not an NFT, and I will break down why. + +At its core, an NFT is just unique data on a blockchain. Art NFTs work by linking to an image file stored in IPFS (aka InterPlanetary File System), as do most NFTs that need to link to data that cannot be or is impractical to store on a blockchain directly. Not all NFTs need to do this, but the ability for NFTs to link to external data introduces all sorts of interesting use cases. Now lets talk about IPFS. + +**Tl;dr;du NFTs are simply unique data stored on the blockchain. The art use-case is not their only purpose. Ultimately, it is just a way in which a unique piece of data can be assigned verifiable ownership and stored on the blockchain.** + +# What is IPFS? + +IPFS is a tamper and censorship-resistant system in which data can be stored across the internet. Before I explain it further, it's essentially a way data can be stored, retrieved and preserved in a peer-to-peer fashion similar to how torrents function. + +As it stands today, HTTP only allows us to download files from one server at a time. An HTTP session cannot download one file from two or more sources at once. This limitation makes file-hosting extremely bandwidth-intensive in comparison to P2P solutions. When it comes to torrents, files and even entire folders can be stored and shared by multiple sources, of which each source doesn't even have to have the full file to share it! As long as everyone has the **same exact** copy of data or unaltered parts of that data being shared, it doesn't matter how much of it you have. Because a torrent client can connect to multiple sources (aka seeds) at once, the bandwidth utilization of each seed is lower than a centralized host (HTTP servers). + +Additionally, the internet as it stands isn't permanent. Websites don't live forever, images get lost, forum posts get deleted. Centralization and censorship makes this problem worse. IPFS solves these problems by allowing us to distribute files to multiple nodes. When other nodes look up a file, they store a copy or even just a fragment of the initial data. These fragments and/or copies are stored by every node that wants it. Additionally, when a new version of a file is added to IPFS, the cryptographic hash (a way of verifying file uniqueness) is different, thus preventing data from getting overwritten or censored. + +This technology works for NFTs because it allows for the preservation and decentralized distribution of the data an NFT can link to. Anything that can connect to the internet can connect to IPFS and download this data, and this includes blockchain smart contracts too. In the case of art NFTs, the actual image the NFT is bound to is stored in IPFS, where a smart-contract powered platform such as OpenSea can link to and show you the image. + +Additionally, you don't even need to store the raw data the NFT represents. A platform interacting with your NFT can utilize assets stored in IPFS that when combined by the platform, display the representation of your NFT. + +**Tl;dr;du IPFS allows NFTs to link to distributed, tamper and censorship-resistant data in a way that is secure. In the case of art NFTs, IPFS stores the NFT image in a way other platforms can be sure they are accessing the exact, unaltered image or representation the NFT is tied to. IPFS is primarily for platforms to show you the data the NFT is tied to and/or utilize it in ways the platform is designed for. Think of it like storing what your NFT actually is in the cloud.** + +# What are smart contracts? + +For the purpose of this section, I will be explicitly talking about Ethereum Smart Contracts powered by the Solidity programming language. There are a variety of smart contract implementations across the crypto space, but since Loopring is on Ethereum, I'll keep this discussion specific to that. + +Smart Contracts are code deployed to the Ethereum blockchain. This code can do almost anything that you like. At their core, they simply store, use and modify data on the blockchain. You could build a simple calculator app on the blockchain, or you could build a fully functional lending platform (effectively a crypto bank) like Aave. + +In the case of OpenSea, it is an NFT marketplace utilizing a set of smart contracts to offer market services for NFTs. In a way, it is very much like eBay but for NFTs. Without an NFT exchange, if you wanted to buy an NFT you would have to either send payment first and hope the seller sends you the NFT afterwards (remember, crypto transactions can't be charged back), or use an escrow service that collects your payment and the NFT from the seller and transfers ownership of each to the prospective party and likely takes a fee for their services. Because of the nature in which crypto transactions work (no chargebacks, only the recipient can initiate a transaction to send you back your crypto assets), a marketplace is necessary. + +OpenSea's smart contracts are rather simple in function and do a few specific things: + +1. OpenSea can see and verify what NFT's are held in your crypto wallet at any time. This is due to the public nature of the blockchain. +2. It allows you to list your NFT for sale by sending your NFT to OpenSea's smart contract and telling it what price you want it sold for. +3. Someone else can bid on your NFT by sending the amount of their bid offer to the same smart contract, or they can buy it outright. +4. If you decide their offer is high enough or they pay exactly what you asked, the OpenSea smart contracts handle sending you your payment, and the buyer their NFT, all without any centralized human interaction. + +This is all enabled by their smart contracts and the unique nature of NFTs. However, the power of smart contracts doesn't stop here. They can offer **utility** for your NFTs as well. + +**Tl;dr;du Smart Contracts are code deployed to a blockchain that can interact with your crypto assets. Instead of relying on humans to do something like arbitrate a trade, a smart contract can handle it instantly while ensuring the buyer receives exactly what they bid on or bought while the seller receives a deterministic amount of crypto for what they listed. Smart contracts can be literally almost whatever you want them to be.** + +# Let's recap what we now know. + +1. NFTs are unique data stored on the blockchain in which ownership can be 100% verified. +2. IPFS allows us to store data in a decentralized, tamper and censorship-resistant way that can also be tied directly to an NFT. IPFS is primarily for the platforms utilizing your NFT, whether it be to show an image, or to utilize the data tied to your NFT in some manner. +3. Smart Contracts are code deployed on the blockchain that can perform any task, but can also utilize NFTs. + +# Deeper Dive into NFTs + +Now that you know what NFTs are, how they can be expanded, and how they can be used, lets expand further into what makes an NFT special and provides it utility. I'm not going to extrapolate on why art NFTs have value as this isn't really the purpose of the discussion. However, I can explain them within a framework that will make more sense in our community: **Gaming.** + +There are already a handful of very successful and aspiring NFT gaming platforms out today. For the purpose of this DD, I will utilize Axie Infinity to break down how NFTs currently work in an already released game. I encourage all of you to read through the Axie Infinity [documentation](https://whitepaper.axieinfinity.com) as I'm only going to cover the NFT aspect of it. It has so many more facets to the ecosystem that I think are valuable for this discussion, but can't be included in this post without this turning into a giant tangent/advertisement for the game. + +Axie Infinity is basically a pokemon-inspired game where people can buy Axies and participate in battles. Eventually, players will be able to buy land in the game to house their Axies and participate in the Axie Infinity open world Lunacia. Axies can also be bred to produce new Axies with unique traits. + +We'll take a look at a random Axie: [\#7667019](https://marketplace.axieinfinity.com/axie/7667019/) + +On this Axie's info page, we can see it has a variety of data and traits describing it. It has the following data values: Class (Axie type), Breed Count, 4 Stats (Health, Speed, Skill, Morale), 6 Body Parts, 4 Abilities, and genetic history (Parents). All of this information is encoded in the NFT itself. Its value, owner and sale history are derived from transaction data on the blockchain. The image of the Axie itself and its ability card images could be stored in IPFS or self-hosted by Axie Infinity. I am not sure which they use, but IPFS is an exceptional candidate. The Axie Infinity game could use either source to show you what the NFT is and what it can do. + +There will only ever be one Axie #7667019 in this game. It is unique, only one copy of it exists on the blockchain. Because it exists on the blockchain, and is present in a specific individual's wallet, only that individual can interact with the Axie Infinity game using Axie #7667019. **Nobody can simply screenshot Axie #7667019 and use it in the game, as it is literally impossible to convert that screenshot into the data required by the game.** The game can check the origin of the Axie, and if it wasn't generated by mechanics present in Axie Infinity, which are all provided by the smart contracts that form it, the contracts can deny interaction with it. **Counterfeit Axies are an impossibility**. + +The smart contracts that this game is made of are able to validate what Axie you have and then pull all of its traits from its NFT DNA. NFT DNA is essentially a random or semi-random string of numbers that a smart contract manipulates to assign all of its traits. The Axie DNA doesn't change, and therefore no matter where, what time, or from what device you use to connect to the game, the game will render your Axie the same way every single time. Your NFT ownership makes it possible to interact with the game at all. + +To circle back to the art example (for the final time, I promise), this is why an NFT can't be screenshotted and still be equivalent. Even if you deployed your screenshot to the blockchain and artificially assigned it any traits to align with a specific platform, it will never be able to interact with that platform. This is what makes NFTs unique and special. It is up to smart contracts to provide NFTs utility, it is not the job of the NFT alone. + +To expand on it even further, I could make my own game using real Axies, even if I had no association with Axie Infinity at all! I could process the Axie DNA in any way I see fit, give it any representation I decide, hell, I could engineer a game that allowed you to breed Axies with completely different NFTs! Now, none of this would give my platform any intrinsic value, but the point is that NFT data is public on the blockchain, and that these NFTs can be used in ways that even the original authors didn't intend, **but this isn't a bad thing**. My theoretical platform doesn't harm Axie Infinity in any way, as long as I don't blatantly rip off their game entirely. I'll expand on this later in a further section. + +Ultimately, NFTs in the scope of gaming can be whatever the developer wants them to be. It doesn't have to simply be the characters or entities you play as or interact with. It can be items, weapons, land, vehicles whatever asset you want. A developer could even engineer them to be modified or evolved as long as they had that intent when they were created! + +**Tl;dr;du Gaming has a great use case for NFTs in that they can be utilized to represent the character you play as or the weapon you use. Because the NFT is unique and secure in your crypto wallet, nobody can play as you, modify your NFT assets, or interact with them in a way that isn't predefined by the smart contracts controlling them. Smart contracts can verify your NFT ownership, derive traits from random data stored in the NFT (NFT DNA), and even modify the NFT designed for those contracts.** + +# How NFTs will revolutionize the gaming industry entirely + +At this point, I'm done drawing on other sources for information. It's time to combine what we now know about NFTs with our imagination to draw up what is possible. To do this, let's envision our own theoretical MMORPG: **MMOASS.** + +MMOASS is an open-world MMORPG in which the world is a 1000x1000 plot of "plots" that the game takes place in. Throughout this world, there is the capitol in the center, major cities and small villages throughout the landscape, and a lot of open space. Our character has outfits/armor, weapons, skills, stats, and an inventory. However, there's something different with all of these things... + +**They're all NFTs!** + +In MMOASS, players can actually OWN plots of any plot of land and reap all the benefits that come with it. Assume there are three different types of land: Mountain, Plains, and Forest. In mountainous regions, items such as iron and gold (also NFTs) can be mined for the purpose of producing armor and weapons. Plains allows for the harvesting of resources and crafting ingredients. Lastly, the forest is where animals spawn and can be killed for their rawhide (used in outfit creation) or tamed as companions (....also an NFT). Each of these terrain types introduce their own purpose. The capitol would be controlled by the game developers and utilized for whatever purpose they saw fit. + +But what purpose does land ownership actually provide in MMOASS? Well, the owner of the land could decide what happens on that land. Too many beasts in the area for your liking? Deploy pest control. Need a particular kind of tree wood for your crafting? Cut everything down and plant as much of it as you want. Additionally, land can be utilized in clan mechanics to allow clans to mark out their own provinces. Or government could be introduced and players could group together to form counties. Any benefit could be assigned to land ownership. + +As for small villages and major cities, these can transfer ownership via war. They're explicitly owned by clans (despite still being NFTs, theyre just stored in a clan wallet internally in the game). These cities can provide income to the presiding clan in the form of trade taxes. Additionally, the clan could determine what kind of crafting stations or defenses to sustain with their income. + +Weapons, armor, items, etc all being NFTs means they can all have any kind of trait that we want to assign them, just like in a normal game. However, item rarity would actually produce real in-game and real-world value. Because blockchains are public in nature, a blockchain explorer could be created that shows **exactly** how many of each item are **in existence**. Verifiable item rarity becomes a possibility. + +**But that's not all...** + +What if a new dungeon was added to MMOASS in the future? Lots of games out today give players day one bonuses for being some of the first players to complete a dungeon or kill a new boss (Destiny 2 banners anyone?). But MMOASS incorporates these mechanics differently. Instead of giving you a new cosmetic (which could be NFTs if it did), MMOASS actually buffs your gear with **adornments**. + +What the hell is an adornment? Clout. An adornment would be an additional trait added to your NFT (remember how NFTs can be modified?) that could be anything we want. Congratulations on being the very first person to kill that new boss! All of the gear you wore in the battle (armor and weapon) to beat that boss now has the "First to dethrone {boss name}" trait now. You and ONLY you have that, and because of it, your items have prestige and increased value. These traits would be bound to your NFT, making it a mythical yet very real relic in the world of MMOASS. Anyone could possess the first weapon to take down Thor.....for a price of course. + +# Changes to In-Game Trading + +Now that we've determined how our NFTs derive value in MMOASS, we need a way to trade them! If only we had.... an NFT marketplace! Because of the magic of NFTs and the public nature of the blockchain, the manner in which trading takes place can be entirely reimagined! There are so many ways in which this would happen, but let's touch on the major three areas. + +**Player to Player Direct Transactions** + +When players independently decide to trade an item in MMOASS, it's quite simple how this takes place. In MMOASS, the in-game currency is called GME Coin, or GMEC for short, and it exists on the Ethereum blockchain as a token. When players conduct a trade, an in-game mini-marketplace/escrow instance would launch, in which one player stakes the item traded, and another stakes a different item or GMEC. Once both parties agree, transactions from their wallets are issued to the blockchain, and since the game is using the blockchain as a database in a way, it and everyone else now know and can verify that these two players traded items and their inventories can now reflect the changes. + +**In-Game Trading Posts** + +In the small villages and large cities in MMOASS exist trading posts. It is here these areas can establish their own economy. Items could be listed for sale at a specific price in GMEC by a seller, and a buyer can buy that item for that price. The owners of the land plot NFT then could place a GMEC tax on trades here for their own profit. When a seller sells an item, they essentially send their item NFT to the trading post smart contract and when a buyer pays that price, they send their GMEC to the smart contract as well. The smart contract then deducts the fee and sends it to the land owner, and then sends the remainder to the seller automagically. + +**External Trading** + +Because every asset in MMOASS is held as an NFT in a crypto wallet, players could theoretically send their items wherever they want! If I wanted to gift/lend my friend a weapon to use in a boss fight, but I'm at work, I could simply send them the weapon from my crypto wallet directly! In game, they would receive it immediately and the game would reflect that. Additionally, I could sell my items for any other cryptocurrency I want! I could go as far as listing the land I acquired on OpenSea and sell it later for real money if I wanted something other than GMEC. **This is the advent of play-to-earn gaming.** + +# Play-to-Earn Gaming + +Because of how external trading opens up the possibility of trading in-game assets for other cryptocurrencies, the very framework in which gaming exists in our economy will fundamentally change. All gamers, both good and bad could theoretically make a profit from playing the game. After all, the real world value of these items are determined entirely by the players alone. An older sibling could transfer their entire Pokemon collection to one of their younger siblings when they go to college, or they could sell them and try to turn a profit. + +Additionally, this redefines the profit model for video game streamers. Not only would they generate income from viewership and subscriptions on streaming platforms, extremely talented gamers could profit off their talent as well. Higher and higher tier items could generate real world income. Additionally, they could auction off items that they beat a particular dungeon or a new boss with to their fans. Their donation and fundraising interactions would be entirely reimagined. Their most dedicated fans would relish the ability to actually show off the fact that they owned something their favorite streamer used, as the game could tie usernames to crypto addresses and show that streamer had indeed transferred that item in the item's trading history. Streamers themselves would then theoretically add to the value of the in-game economy by players leveraging their reputation. + +While this has its pros and cons, it doesn't HAVE to exist in this free-market fashion or at all. I'll explain how that works. + +# Economical Controls + +Obviously, such a model above with no regulation wouldn't be very sustainable. However, Solidity (Ethereum's blockchain programming language) enables developers to control exactly how their NFTs can be sold. This can happen in any way the code defines. I'll highlight a few examples. + +**Ban Real World Trading** + +I know what you're thinking. What? How is that even possible? Isn't it impossible to control the assets owned and stored in an individual's crypto wallet? Well the answer is basically kind of. Without going into the technical specifics, NFTs are essentially code too. They're smart contracts in of themselves. I won't go into the implications and specifics of what that means for the greater crypto ecosystem. Just know that you can think of them as assets being traded too, and that other smart contracts can interact with them, despite them being independent smart contracts of their own (Solidity is fucking CRAZY but really amazing too). + +A ban on real world trading would essentially involve whitelisting specific wallet addresses as possible transaction recipients. These "transaction recipients" would actually be the smart contracts handling trade interactions between players (the mini-marketplace/escrow system) and trading posts. Smart contracts have addresses of their own essentially, and can be whitelisted in this manner. **This would effectively prevent a player from utilizing internet marketplaces such as OpenSea.** However, in our previous example of sending a friend an item while you're at work, the player-to-player trade menu could display a receive address that could be sent to the person at work. They could still send to that address, as it would be whitelisted, despite not playing the game at that time. + +Of course, this still doesn't prevent scenarios where players transact money entirely separate from the blockchain. + +**Limit Item Transaction Count** + +Code could be introduced into an NFT that can control how many players it can transfer hands before locking to the player, degrading, or destroying itself. This would prevent scenarios where a really high tier weapon could theoretically be shared with alt accounts to artificially boost them. I'm sure there are other reasons for this type of control, I just wanted to point it out. + +About NFT "self-destruction"... Remember, NFTs are essentially code, so "self-destruction" code can be implemented. This is an unfortunate reality that is hard to educate people about, and I won't go into the specifics here, but I will specify a few things so this statement doesn't cause FUD. NFT assets cannot be modified if they were not coded to be capable of such. Art NFTs very rarely do this. When you hear of crypto scams involving people being unable to send their assets, it's sometimes because code such as this was implemented. This is the very reason why smart contract auditing firms such as [Paladin Blockchain Security](https://paladinsec.co) exist. As always, verify what you're buying or engaging in within the crypto space. The presence of audits from reputable firms is always an important thing to see when engaging in non-mainstream crypto assets. + +**Limit Player Recipients to Clan Members** + +Similar to implementing a transaction count, the game could drop items that are essentially tied to the clan's object on the blockchain. This would allow for items to be kept within the clan, and essentially permanently block any real-world trading of almost any sort, as clan membership would be required to use it. Mechanics could also be built in that remove the item from a player's inventory if they were to leave the clan. + +**Essentially, while real-world trading is a possibility, it doesn't have to be an inevitability.** + +# How is Loopring involved? + +As we know, Loopring is working on an NFT Marketplace, and is [well equipped](https://blogs.loopring.org/counterfactual-wallet-nfts-on-loopring/) to support NFTs. But what is Loopring, and what does it have to do with any of this? + +Looping is a zkRollup-based Ethereum Layer 2 solution. In English, what this means is Loopring has an extremely fee-efficient model of conducting transactions while still utilizing the Ethereum blockchain. This is important because the Ethereum blockchain has extremely good blockchain security. Layer 2 platforms (also called L2 networks) are fundamentally defined by still settling their transactions on the Ethereum blockchain, one way or another, while utilizing Ethereum for their security. + +The use of the word security here doesn't have the same connotations that you're used to. What I essentially mean by security is that the transactions are known to be valid, authentic and traceable through the blockchain ledger. The state of the transaction cannot be altered in any way before it settles. This is how platforms such as Polygon are not actually Layer 2 solutions, as they take care of both the transaction logic and security on their chain. Transactions on Polygon do not settle to Ethereum. It only bridges assets in and out. + +Loopring essentially enables extremely low-fee transactions to take place on Ethereum extremely quickly. Without going into the extreme technical specifics, Layer 2 chains will always be a fundamentally important part of the Ethereum ecosystem, even with the Ethereum 2.0 change goes live. Ethereum 2.0 is essentially a migration from proof-of-work (mining) to proof-of-stake block propagation. All of this isn't that important to this discussion, but if you want to know more about the technical specifics of either, you can find some great resources here: [Loopring Whitepaper](https://loopring.org/resources/en_whitepaper.pdf) and [Loopring Blog Regarding L2 Networks](https://medium.com/loopring-protocol/loopring-cto-steve-what-is-the-real-future-of-layer-2-networks-7257934212e4) and [Ethereum 2.0](https://ethereum.org/en/eth2/). + +If Loopring's NFT Marketplace is a well equipped and cheap enough solution for integration into the gaming ecosystem, it will be huge for the gaming industry. It would allow for everything here to gain mass adoption. + +**And now for the most important question...** + +# How does Gamestop tie into all of this? + +Think back not that long ago... If I asked you if investing in GME in [July 2019](https://markets.financialcontent.com/stocks/quote/historical?Symbol=321%3A2274310&Month=7&Year=2019&Range=12) was a good idea, what would you have said? Probably a resounding no! GME was closing stores, drowning in debt, and its stock was in free fall. New consoles with no disc drives were on the horizon, and PC gaming had become a major contender. + +Gamestop was a failing company and was in a lot of trouble. Its assets were drying up and its future was bleak. One way or another, Gamestop needs new sources of revenue. Used games cannot be its future. + +What if Gamestop could create the environment, the tools, the platforms, and all of the infrastructure necessary to make everything we've described with NFT gaming accessible to gaming developers? They could leverage Loopring as the backbone to their crypto gaming infrastructure and provide the tools necessary so that any video game, both on console and on PC could integrate NFT technology. + +As it stands right now, using a crypto wallet in gaming kind of sucks. You're sucked out of the game to interact with your wallet so you can verify and send transactions. What if the Gamestop crypto framework handled all of this in a transparent manner to the user, making the interaction feel seamless, but still incorporated more advanced features for scenarios such as the aforementioned friend at work? + +**What if the Gamestop crypto framework made it possible for developers to allow players to utilize their NFT assets in entirely different games?** + +Again, because crypto assets are held on the blockchain in one way or another, they **could** be used by other platforms. Remember how I said I could theoretically make smart contracts that utilized NFTs that I didn't create? In theory, developers could engineer their NFTs in such a way that they could be utilized in future games. Imagine if you could use your weapons from the current Call of Duty game in the next one launched, or even just the next one by the same developer? **If the Gamestop crypto framework made this possible for developers, if would redefine game development forever too.** + +Gamestop could power this infrastructure by requiring all participating developers utilize MMOASS's GME Coin. Or they could develop a framework in which developers could generate their own coins that exist within the ecosystem. This is essentially what is referred to as tokenomics. There are dozens of ways this could be done, and multiple different solutions could even coexist at the same time. At the end of the day, Gamestop could even levy a fee of something like 0.01% on every transaction made using tokens made within the framework and generate revenue forever. + +**And remember IPFS?** + +Gamestop could go a step further and provide an adaptation of IPFS or some similar technology to supply asset hosting resources. Essentially, Gamestop could build out the infrastructure to not only support NFTs in games, but to support developers in hosting them as well, probably for a fee of course. + +**The crux of this is that utilization of this infrastructure would cement Gamestop permanently into the gaming industry forever. This would effectively elevate their business model to include game development itself, tapping it as a new revenue stream. Gamestop would rise to the level of involvement companies such as Nvidia and AMD currently have.** + +# Summary + +Loopring is an Ethereum Layer 2 technology that is working on an NFT Marketplace. NFTs are unique representations of data on the blockchain that can represent so much more than art, but are not limited to objects in games such as: weapons, armor, land, items, vehicles, etc. If Gamestop developed a framework that utilized Loopring's technology to make NFTs and crypto in general accessible to game developers of all types, it would cement Gamestop into the gaming industry forever, tapping the industry itself as a revenue source at the same time. + +**And as always, while I own DRS'd GME shares and Loopring (LRC), none of this is financial advise and is purely my own speculation. I am not affiliated with Loopring or Gamestop in any way. But one thing I know for certain is that I'm never selling my GME.** + +**I hope the MOASS brings upon us a new era in gaming.** + +If anyone has questions about anything, feel free to ask! I can try my best on all topics related to Crypto and Ethereum Blockchain Development. +https://imgur.com/gallery/fUWtF86 + +Original post: https://reddit.com/r/options/comments/iulgoq/someone_please_help_my_spy_debit_spread_got/ + +WE’RE OFFICIALLY GOOOD! + +**UPDATE: Robinhoods Response, they’re working on a UI fix:** + +https://imgur.com/gallery/pVHMQFx + +**SECOND UPDATE ROBINHOOD CALL:** +Robinhood called and I had a conversation with them. Basically asking me if I was okay and about what had happened. The guy was pretty nice over the phone and asked me to reach out for whatever reason and if I had any other questions. That was most of the conversation though. I explained about me posting here and that everyone helped me with what was going on. Nothing out of the ordinary just a “How are you holding up” conversation and if I had any questions. I’m just relieved it’s over really. Also pretty sure they were calling to make sure I was still alive, even though that sounds horrible to say. + +I want to personally thank each and every one of you especially u/MichaelBurryScott who helped me throughout this whole fucking thing and u/chknbscts who helped me out from over at WSBs + +Thank you all so much for the helpful advice and amazing comments. You all helped keep me EXTREMELY call compared to what would’ve happened if I were to have gone through this alone + +You have no idea how stressful this was the first night of this happening. I received absolutely ZERO sleep and had some pretty dark thoughts pop in my head + +I’d like to take this time to reach out to NEW traders and highly HIGHLY recommend you search this sub and ask questions, research and most importantly NOT trade and options until you have an exact idea of how much it is you can both profit, lose and how to execute everything + +I would also like to take this time to remind us all that ROBINHOOD is an absolute shit platform that has YET to reach out to me and say anything about this while this sub has handled this situation better than anything I could have ever dreamed of. + +Another reminder, LIFE is a precious thing. I’d like to take this time to remind everyone that a couple months ago a 17yr old boy took his life by something exactly like this happening to him. He did NOT reach out for help and instead took his own life because of a bad UI on Robinhood and poor experience with option trading. I have to admit that this situation has taught me some extreme life lessons and I am probably the only person in this world that really understands why that guy took his life...I can’t tell you that I would have the stones to do it to myself but let me tell you this, there were absolutely some insanely dark thoughts that were positioned in my head. + + +Thank you all. Apart from potentially saving my life you saved me from debt and ignorant positions that I had no business opening in the first place. I am debted to all of you. +I’ve just started a new job, and received notification from HMRC that I have a new tax code. I logged on to my account to check, and it seems my employer have submitted my estimated take home this year at something like £900,000. This is, you may be surprised to hear, not correct, unless I’ve been promoted to CEO or something and nobody told me. My first pay day is tomorrow, and while I’m curious to see what my take home salary is going to be, how easy is this to fix? I assume my actual tax bill EOY will be based on my actual earnings, and nothing to do with this estimate, but does anyone know if I should be concerned about this? +**I've been mainly lurking for a few years and in my opinion, there are currently a few issues regarding this subreddit:** + +&#x200B; + +* too much publicity + +WSB was originally a small community of autists wanting to make big gains with smart plays. Today WSB is more like an open discussion board, that's all over the news, and everyone can join and try to make some gains. It's good to have a decent amount of players here but let's keep the information to ourselves and off the newspapers and CNBC. There is only a limited amount of gains to be made, let's keep the gains to ourselves and the boomers away. Also, what was the point of expanding to Twitter? + +* too many new wannabe autists + +WSB is on the frontpage of reddit like every other day with memes, and it attracts a lot of new members. Those new members aren't true autists and they clearly have hard time adjusting to our culture. This has caused attacking certain parties that we don't agree with, pump and dump schemes, lots of stupid posts and upvoting them, that nobody would have upvoted 6 months ago and so on. In general this is much more like a meme subreddit now, even when we are approaching the most important earnings week of the year. A good portion of the new members don't even understand the last sentence. + +* this isn't WallStreetMemes, this is WallStreetBets + +Anyone who's been here longer than 3 months, knows that we used to have much more useful posts or gain/loss porn in the frontpage of WSB, now it's mainly memes. It's fine to have memes here and there but most of them are just low quality karma farming memes and they get old real fast, unlike loss porn. I bet anyone who has been here longer than a year, would like to see people tattooing stupid shit, drinking piss, GUH their wife's boyfriend's savings away, and just see people act like the true autist they are, rather than these boring new memes. + +&#x200B; + +**How to fix this?** + +1. We had the rule for not allowing posts to be in r/all for like a whole 10 minutes back in the days, and I think we need that back. If someone is a true autist, they will find their way here regardless. +2. Keep the WSB inside the WSB. No Twitter, no news, no sucking Cramer's dick to get to CNBC. We already have enough autists here to be a big player in financial markets. We don't need SEC to do us what your wife's boyfriend does to your wife. +3. GME to the moon +4. WSB needs to be kept under control. True autist never attacks anyone, we just troll people, make tendies and jerk to loss porn. It's pretty simple and if you can't accept it and follow the rules, you deserve to get banned. +5. Let the new members become true autists, absorb our original culture, and I think WSB can be like it used to be. But if we constantly have a lot of new wannabe autists coming in, they are gonna take this sub over and there's nothing we can do. + +&#x200B; + +positions: + +pronebone, 156 shares of TSLA, 80 shares of GME, lots of leap calls and smaller positions +Hello all, at the start of this year I had 35k CAD that I had in my cash account that I transferred to my USD cash account for buying and selling of stocks with TD at the rate if 1.44 conversion rate. Now I have around 29.9k USD left on my account but because the USD CAD rates are at a low 1.30 I lose around 7k CAD just in that. What can I do to reduce this loss ? I don't want to keep the money in the US account for longer because I fear the exchange rate will further drop. +I'm curious whether you plan on leaving a trust for your children/grandchildren, just enough to get them through their educational years and into their own careers, teach them the family business, nothing at all, etc? I'd love to hear some of your plans! +According to u/fates4productions , canadian apes have been sent 101 322 proxy vote forms. If we assume a conservative 10 shares/ape, we already have 1,013,220 shares. + +If I remember bloomberg terminal data correctly, canadians were holding something like about 0,69% of the shares, nice. + +Now if we assume that worldwide, everybody also holds an average of 10 shares. + +We would have 146,843,478 shares. + +Remember that Gamestop themselves told us that they had 70 770 000 shares outstanding. + +And the float is estimated to be around 26 500 000 shares. + +So correct me if I'm wrong but that would mean that we hold a whopping 209% of the TOTAL oustanding shares, and 554% of the float. + +Are your tits jacked already? We don't even need the official count, the number of canadian proxy votes already tells us that the stock has been overshorted. + + +EDIT: I have been informed of a few mistakes, first of all the tradable float is closer to 30 million since gme sold 3.5M shares. That would also put the float at 74,277M. I have also been informed that the BB data is only based on the outstanding shares and not the float. Given these new informations, the % of shares oustanding that we own would be 197,70%, and the % of the float would be 489,49%. Still very high and it doesn't change the point of the post. Be free to correct me if I made other mistakes. + + +TLDR: Canadian data tells us we own a conservative 197% of total outstanding shares and 489% of the TRADABLE float, shorts must cover, see you on the moon. +Building the following A-Frame cabins. + +1 cabin - 1,400 sq. ft. + +3 cabins - 600 sq. ft. each + +A construction loan is financing the big one and one smaller one because it's classified as an ADU. We're padding a lot of the infrastructure for the other two into the loan so the stick build is all that's left. + +I have a hard money loan lined up to finance the other two, but I'm curious if there are other better options. The hard money loan is likely going to be $300,000. Thanks. + +Finances + +The construction loan is 580,000 + +Other two cabin rough cost 300,000 + +Cash on hand 230,000 (mostly needed for buffer, furnishings, etc. so I'm trying to not use it) +Just weighing my options now that I'm done house hacking. Do people actually buy multis with renters in place and put up the full 20-25% down payment? + +I read so much about BRRR that turnkey doesn't seem popular. + +About how much cash flow do you look for on turnkey? + +What metric do you use to find deals since COC return is not as strong as house hacking. +**UPDATE:** + +Somehow a lot of you picked up on the tax point, although that was **NOT the point of my post**. My point was that you could use your ETH as collateral to finance a loan, and you could do this in the future entirely through crypto by using stablecoins - to get fiat without needing to sell your ETH. Always seek professional tax advice in your local jurisdiction. Peace & enjoy your weekend. + +**[end update]** + +I've been doing some research into "stable-coins" and stumbled on some interesting concepts. These concepts will open up some very interesting possibilities in the future. + +A stable-coin is basically a token whose value is pegged to to some fiat currency such as the USD or EUR and the rate always stays stable. Tether (USDT) is such a coin, although it's highly centralized and cannot be used in Ethereum smart contracts because it runs on bitcoin (using Omni Layer). The race is on to create a stable-coin token on Ethereum that can be used in smart-contracts. Once that happens, it may be a game-changer, here's why: + +Once you have a stable-coin on ETH, and you want some USD without selling your ETH, you can do this: + +1. Lock up your ETH in a contract and use this as collateral to borrow USD stable-coins. +2. Sell your stable-coins to get the equivalent USD amount. Cash them out to fiat +3. Your ETH locked as collateral will be staking and paying back your borrowed stable coins. +4. When your debt is paid back, the locked ETH will be released back to you and you get to keep it without selling anything. + +This is good for tax too: since you haven't sold your ETH, but borrowed stable-coins, you might not need to pay any capital gains tax! (Note: Not tax advice, might need to check that with a tax professional) + +Also, if ETH price goes up, your collateral might be worth more, so you could use that to refinance and pay back your stable-coins faster. + +Of course, there could be risks - say if the value of ETH goes down then you might lose some collateral, although you'll still have your fiat / stable-coins safely in your wallet / bank. + + +I would estimate that there would probably be a year or so before we can reach this stage. Here are some references: + +[Maker DAO](https://makerdao.com) has recently had a breakthrough with a ["Sai" token](https://blog.makerdao.com/2017/06/05/introducing-sai/) - their first generation stablecoin. Looks promising, and would be an excellent experiment before going into their more complicated "Dai" token. + +Gnosis will be using a stable-token [WIZ](https://blog.gnosis.pm/what-are-gnosis-tokens-the-new-access-based-token-model-e59c5a490af6). This token could probably be used in other Ethereum contracts? + +Digix might be useful too as it's a stablecoin pegged to gold. + +Some interesting information in this [Ethereum Stack Exchange post](https://ethereum.stackexchange.com/questions/2739/how-would-stablecoins-work-on-ethereum) + +Also, see some [previous discussion on this idea](https://np.reddit.com/r/ethtrader/comments/6cwgsp/shower_thought_with_makerdai_i_wont_need_to_cash/) where he mentions that he could use stable-coins to refinance his fiat loan without actually selling his ETH. Mind Blowing indeed. + +Half vent, half looking for advice. + +I've got nothing left to give. I only have the clothes on my back, and a handful of things in a book bag I cannot part with. I need to come up with money for rent (bound to be homeless soon) and to visit the dentist to figure out why my tooth is killing me. I sold my hair earlier this week to try to make ends meet. I was scammed out of my money. Just cutting my hair brought great inner turmoil and made me question if God did such a thing as a test of due faith as I grew up in a culture where women simply do not cut their hair. I've since distanced myself from this culture, but my hair is something I am still very attached to as one thing I've reclaimed as my own and truly have control over -- yet from what I hear selling your hair, especially if it is natural untreated (no products, no dye) hair, can be worth selling if you know how to. I'll try again once it grows again but looking now all I can do is cry and wonder what my husband would think. I lost him this year to Covid and life has been a downward spiral since. He'd make a joke and laugh at me, smooch my head, and hug me. He'd cut his own hair too with the same kitchen scissors I used, and we'd laugh and laugh and get through this together as we always do. + +I had myself a good cry and now I'm just trying to get myself together and survive one day at a time -- but what else do you give when you literally have nothing left? I was considering selling my eggs, but I can't find any information on how to do so and honestly any sort of surgery really spooks me (I've been irrationally terrified of doctors since a few traumatic experiences with my pediatrician ||involving physical, emotional, and sexual abuse||; at best I have "white coat syndrome" and feel like a nervous wreck the second I walk into a waiting room, at worst I have full swing debilitating panic attacks at the thought of seeing a doctor). I am not sure if my medical condition would allow me to even be able to do so, even if at could overcome this fear. Now looking into selling plasma. As much as doctors scare me getting my blood drawn is something I'm relatively okay with, and if I focus on how much it pays I think I can get through it. The nearest place is one sate over, however, and I don't have the means to get that far right now. +**TIL: Not only was Northern Pacific's 1901 short squeeze one of the most famous short squeezes, but it also in part caused the stock market crash of 1901 called the Panic of 1901.** + +For the culture: [https://www.youtube.com/watch?v=dk8RVuGx7AE](https://www.youtube.com/watch?v=dk8RVuGx7AE) + +*I'll keep this short, as I'm actually gearing up to head to work rn. Wish I had more time to flesh this out but may do so afterwards...* + +&#x200B; + +https://preview.redd.it/xzroo8y7uph91.png?width=1384&format=png&auto=webp&s=5899ae9cd2ba0e6df0415e7ce0545ab7e967d825 + +Reading up on a post by u/isitrandomorfate, they jumped into a clip by Warren Buffett speaking about the interesting case of when 2 ppl or groups own more than 50% of a company. The clip itself is interesting to watch ([https://youtu.be/GVtaKKn43M8?t=385](https://youtu.be/GVtaKKn43M8?t=385)), and it mentions a company that I had never heard of: Northern Pacific. + +Lots of great apes before me have delved into the idea of Northern Pacific, including u/Hughdanforth ([https://www.reddit.com/r/Superstonk/comments/nadwdl/1901\_short\_squeeze/](https://www.reddit.com/r/Superstonk/comments/nadwdl/1901_short_squeeze/)), u/dannyfnkay ([https://www.reddit.com/r/Superstonk/comments/wg5j5a/the\_biggest\_short\_squeeze\_of\_the\_last\_century\_the/](https://www.reddit.com/r/Superstonk/comments/wg5j5a/the_biggest_short_squeeze_of_the_last_century_the/)), and u/therealjugger: [https://www.reddit.com/r/Superstonk/comments/qm7qhs/history\_has\_shown\_the\_moass\_will\_be\_ignited\_by\_a/](https://www.reddit.com/r/Superstonk/comments/qm7qhs/history_has_shown_the_moass_will_be_ignited_by_a/) + +&#x200B; + +https://preview.redd.it/xvdpd7kzuph91.png?width=1394&format=png&auto=webp&s=0588f96b2953f9a3ec548e49a27516cdf2d817d7 + +TheRealJugger's post was probably the most famous of the topic, going into the history of famous short squeezes including VW, but also Northern Pacific: + +>**1901 Northern Pacific Squeeze** +> +>A slugfest between two titans, James Hill/J.P. Morgan and Steve Harriman, in one of the last great railroad wars of America. In 1901, Union Pacific was in a shitty position, mired in bankruptcy, and not enough profit to meet its obligations. However, Steve Harriman believed that if Union Pacific could acquire railroad lines in Chicago(Burlington & Quincy Railroad) the railroad would become extremely profitable and powerful. However, James Hill and the Northern Pacific Railroad, with support from J.P. Morgan, thought the Chicago railroads would bring massive profit also. In the ensuing negotiations for Burlington. T**he owner of Burlington went with the Northern Pacific offer. This royally pissed of Harriman and theoretically, Hill/Morgan only owned 23% of Northern Pacific. So, Harriman became Chad Harriman and began buying Northern Pacific shares on the open market secretly to wrestle control from Hill/Morgan and utilize the Chicago railroads.** + +&#x200B; + +https://preview.redd.it/zujc8ol6vph91.png?width=364&format=png&auto=webp&s=d1c49d62b87c037e269a891aaa43cc1b998bd137 + +&#x200B; + +>Pause, this was a 155 million dollar market in 1901 dollars(5,002,123,529 in today's dollars). Fucking huge market. So pretty much if Jeff Bezos began buying all Gamestop common shares on the open market because he believed the NFT marketplace for games would be huge. +> +>Well, Morgan and friends didn't realize that Harriman did such a big dick wreckless move until Harriman almost owned the entire float. That's when the price started rising as the bidding war began between the two parties. As they bid up the stock, a flurry of short-sellers entered the equation. +> +>**Now \*enter a classic story about there being a massive amount of shares sold short well past the float. Moreover, the float was being eaten away by Harriman and Hill/Morgan. When the shorts finally discovered what the two parties were doing there was massive panic to close short positions.** + +&#x200B; + +&#x200B; + +[\\"Northern Pacific Corner Exposed\\"](https://preview.redd.it/ep5va8cavph91.png?width=1590&format=png&auto=webp&s=d910ae89d6efc10cf568cbc212837809cba220a8) + +>Well, the price went to 200, 400, 600, 800, even to an eventual top of 1,000 USD a share(32,271.76 after inflation). This literally fucking imploded the stock market and eventually the shorts were let off the hook and allowed to close at 150 USD. + +&#x200B; + +https://preview.redd.it/7huhwg3dvph91.png?width=334&format=png&auto=webp&s=255f664f22a86963be7adc7b4d6cb29e39943065 + +>Key Takeaways: +> +>\-Harriman's unexpected tactic caught the short-sellers as well as J.P. Morgan by surprise which culminated in its ignition +> +>\-The float was locked down by both parties, while there were a lot more shares short than the ever-shrinking float + +&#x200B; + +Though among the other apes that went into this, included u/whosstupidnow...I highly recommend their 3-part series on the NP squeeze that barely got any eyes on it! + +&#x200B; + +&#x200B; + +[230 upvotes only!](https://preview.redd.it/22w3ayqlvph91.png?width=1398&format=png&auto=webp&s=fc3fe2cc3c3149484cec8ab2933f0521ac0ce8fb) + +Their TLDR of the entire saga throughout is super helpful: + +>tl;dr: +> +>All shares were purchased at market price. The large buy volume caused the run up. +> +>The railroad tycoons were diamond handing their shares. +> +>It wasn't until all the shares were unavailable when the banks had a problem with exercising options contracts. +> +>Shares were locked up in a trust, the same as what we are doing with Computershare. +> +>The Non-investing public was not affected. +> +>No bank went bankrupt. +> +>Shorts were fuk'd on the way up longs that bought at the top were fuk'd on the way down because deals were made to drop the price. +> +>Long before Jordan Belfort, [David Lamar was a con man known as the "Wolf of Wallstreet](https://en.wikipedia.org/wiki/David_Lamar)" +> +>Trains had electric motors in the year 1900 to get through a train tunnel. +> +>A steam engine train has three times the pulling power of a diesel engine train. + +The biggest takeaway regardless is that just like VW, even though you had parties that were interested in having the price drive up, they eventually settled on a truce. + +I decided to look into this more however, and found that it coincided with an event. Let's let Wiki tell the story: + +&#x200B; + +https://preview.redd.it/c2hxgs14wph91.png?width=600&format=png&auto=webp&s=862aea75fd6dd0f2be3264a7f9f831e6b9f9c8a2 + +>**The Panic of 1901 was the first stock market crash on the New York Stock Exchange**, caused in part by struggles between E. H. Harriman, Jacob Schiff, and J. P. Morgan/James J. Hill for the financial control of the Northern Pacific Railway. The stock cornering was orchestrated by James Stillman and William Rockefeller's First National City Bank financed with Standard Oil money. After reaching a compromise, the moguls formed the Northern Securities Company. As a result of the panic, thousands of small investors were ruined... +> +>**One of the causes of this stock market crash was Harriman's effort to gain control of Northern Pacific by buying up its stock. The panic began when the market crashed during the afternoon of May 8.** +> +>Investors did not see it coming, but by 1:00 pm, the decline in the market was beginning to show. First came the gradual decline in Burlington stock. It had been high all morning, but suddenly a sharp weakness came about. Prices of stocks such as St. Paul, Missouri Pacific, and Union Pacific began to fall. Soon enough, the whole market was drowning. Investors who had once held on tightly to their stocks were selling out of panic. +> +>Others caught on and an overwhelming cry of "Sell! Sell! Sell!" was heard throughout the floor of the New York Stock Exchange.\[4\] During the selling, a rumor spread among traders that Arthur Housman, broker for J.P. Morgan, had died. Housman, the head of A.A. Housman & Company, was brought to the floor of the New York Stock Exchange to assure traders that J.P. Morgan was still doing business. + +Wait...May 8th? Why does that date seem familiar? + +&#x200B; + +https://preview.redd.it/m83rwphdwph91.png?width=501&format=png&auto=webp&s=41904a77eda008b8df939d1dd6f85ff43df5449d + +>"On Tuesday, May 7, Northern Pacific shares were bid up to $150. Short sellers in the stock started feeling the pressure. They could dump other holdings to cover their losses or close out their short positions at a big loss. +> +>**By Wednesday afternoon \[May 8th\], the decision was made for them. The market was off by 20 points. Yet, Northern Pacific stock rose to $200.** +> +>**The squeeze was on."** + +That's right motherfuckers. The 1st market crash of the 20th century, early bookend to the 1999 dotcom crash, was caused by a literal short squeeze. Something that you can put 2 + 2 together but even sources like Wikipedia NEVER mention. + +This quote sets the tone: + +>*That night, brokers crowded into the Waldorf hotel and filled the air with tobacco smoke and rumor… Broker Bernard Baruch observed the scene: “One look inside the Waldorf that night was enough to bring home the truth of how little we differ from animals after all.* +> +>*F****rom a palace the Waldorf had been transformed into the den of frightened men at bay.”*** + +&#x200B; + +https://preview.redd.it/eqz7c8cvwph91.png?width=400&format=png&auto=webp&s=0ab6ae2a299f9f155c1a5562b52f7d9c9fb0f1d7 + +I remember first learning about short squeezes through this saga and thinking they were like rare events. They are not quite grains of sand, but like supernovas in the universe, there are more there than you can count. + +**TIL: Not only was Northern Pacific's 1901 short squeeze one of the most famous short squeezes, but it also in part caused the stock market crash of 1901 called the Panic of 1901.** + +&#x200B; + +&#x200B; + +&#x200B; + +EDIT 1: While I'm here as it came up in the comments, might as well (not relevant but "while we're here")... + +Wanted to get eyes on an earlier post on a different topic as thought some of you might find interesting too given all the back office issues with DRS: + +&#x200B; + +https://preview.redd.it/q122dzz4hqh91.png?width=2148&format=png&auto=webp&s=f7a6da02b26471dc5ca912469aaa334b872cec72 + +[https://www.reddit.com/r/Superstonk/comments/wdpscg/great\_moments\_in\_backoffice\_fuckery\_history\_ysk/](https://www.reddit.com/r/Superstonk/comments/wdpscg/great_moments_in_backoffice_fuckery_history_ysk/) + +**Great Moments in Back-Office Fuckery History: YSK that the 3 biggest "rogue traders" of all time were all ex-back office employees for their banks (UBS, Societe Generale, Barings)** + +**TL;DR:** + +* **Of the 3 biggest "rogue traders" of all time, all 3 (Kweku Adoboli of UBS, Jerome Kerviel of Societe Generale, and Nick Leeson of Barings Bank) were ex-back office employees for their banks.** +* **While they weren't largely dealing with stock splits/dividends, these "rogue traders" used their previous work in the back office to conduct their trades that either DID or nearly wiped out their banks. Because of this, I would be unsurprised if we get some eventual story/excuse of a "rogue trader" or "back-office employee" causing all the German fuckery as GME's stock split/dividend continues with its problems.** + +And as always + +# WHY DOESN'T INFO ABOUT ROGUE TRADERS OR ROGUE TRADING TREND/TRACK MORE! +I’m just trying to figure out what are my options I bought what was supposed to be a 3 bed, I finally got the squatters out and it turns out it’s a 2 bed, do I have any recourse? +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. +A bit of backstory - lost my wife in 2020 and sold our home in 2021 to move closer to family. The proceeds from that sale are enough to pay off the mortgage on my new home. I’m getting conflicting advise on if I should leave the funds (app $200k) in savings, pay off part of the mortgage, or pay off all the mortgage. Most of my friends say leave it in saving for better tax use. I file simple every year so having the PMI and other mortgage stuff did not help me at all for federal and the state/local yearly tax is of course rolled into my mortgage. + +I have about the same amount in my 401k, work full time and also receive a pension. I’ve been pulling the mortgage payment +$500 additional from the savings each month. + +I’d appreciate any ideas on what and why I should do! +A friend who works at waste management got offered an employee stock purchase program where they get shares at a discounted rate. He asked what I think of the stock. Ive been watching stock and feel its above fair value for me but for him is a screaming deal. Led me to research companies Ive worked at a holding of. + +The ones that trade publicly are: + +YUM brands: YUM + +would not buy on open market, believe it will do well but not outperform. Id be happy to buy discounted shares however. + +Albertsons: ACI + +financials seem terrible, no room for real growth with pretty robust competition. Avoid. + +Modivcare Inc: MODV + +Stock price running real hot and enjoying a covid high, will probably correct hard. Medical transportation and logistics has been huge with covid but will soon be back to normal and they cant maintain the growth, with a PE of 66 im scared plus so much revenue is based on government contracts I'm avoiding. + +WalMart: WMT + +Not going to outperform, never going away. Would buy at discount, wont buy open market. + +Dick's: DKS + +their financials seem really good. I dont know how but they are crushing it. The ones local to me dont seem to do much business. But revenue, profits, doing great. Buying back shares to increase stock value and even paying a dividend for icing on the cake. Im contemplating buying some open market after some more DD as this one confuses me and will jump on a discounted share in a heartbeat, which almost pains me to say since that was my least favorite place to work ever. + +My current employer is the federal government so their stock is pretty much a bond and those arte pretty lame. Where have you worked you would hold stock in? Do you currently work somewhere where you would be confortable buying stock in the company? +Rick Doblin VIA Twitter: It’s with an enormous sense of pride, satisfaction, and relief that I can share that learned that the first of two Phase 3 studies of MDMA-assisted psychotherapy for PTSD was statistically significant and is considered a successful Phase 3 study. + +https://twitter.com/rickdoblin/status/1339697379167989760?s=21 +I'm a high school senior who just had a grad party and received around $1500. I'll be taking advantage of a free college opportunity offered in my city for the first 2 years of college so I would like to invest some of this money, as I won't be needing it right away. + +Where do I begin with something like this? I know the basics of investing and the stock market but what route do I take to get into that? As in do I open an account with eTrade or something? + +How much should I start investing with? I don't want to use all of it, as I've been wanting a new computer for a while or maybe something else. + +Thanks! +Does anyone feel like whenever you are literally just coming up for air, there’s a huge wave that knocks the wind out of you? I’m just so so tired. I’m tired of going through pregnancy alone and working 50 hours a week. I’m tired of coming home exhausted but having to go to food banks because I can’t afford groceries. I’m tired of not having enough money for gas and not knowing if my car is going to make it until winter. After bills i have $6 to my name. How the fuck can i save for a baby with just $6? Just when I thought that I was going to be able to rest before work tonight, I noticed that my garbage disposal is backing up and I had to buy a $1 plunger at Dollar tree. It didn’t work, surprise surprise. I’m tired of struggling and I’m not sure if I can be a good parent with all this shit going on. Had anyone felt this way? + +Edit: please don’t DM me and imply that I’m putting myself in this predicament by not going on child support. I’m not in the place where I can. In my state, I have to wait until the child is born to put my BD on child support. If asked I will gladly explain why I’m alone and pregnant but for the love of god please don’t make me feel bad by saying “oh my SO would NEVER do that to me”. Like WTF, I’m just asking for guidance without any judgement about being poor, single and pregnant. For everyone else, I really appreciate the other comments 💖 +This post was originally posted on /r/UKPersonalFinance and received a lot of attention (https://www.reddit.com/r/UKPersonalFinance/comments/3djadw/today_barclays_put_me_in_200000_pounds_in_debt_by/) , but I am sharing here in hope of reaching a wider audience and getting some resolution to this because 72 hours after this happened I am still facing the same problem, with the same uncertainty. It's an unfortunate, and helpless, position I am in due to a "colossal f**k up" by Barclays PLC. + +**Update** +20/7/2015 9:28 My account is now back to normal :) ... http://imgur.com/g7DoS76 + +20/7/2015 15:40 Had a call from Barclay's. They confirmed this as a technical glitch and said they will put 150 pound into my account as an appology. + +Thank you to everyone on Reddit who helped to solve this. I really appreciate it <3 + +---------------------------------- + +This morning I checked my online banking. I'm with Barclays. Both my normal account and savings accounts were suddenly in a huge amount of debt : + +Normal account: -₤99995 + +Savings account: -₤99681 + +Screenshot of my online banking: http://imgur.com/XTH0OUQ + +Photo of balance slip from cash machine: http://imgur.com/VjUU6zT (sorry best image I could get, but can be seen) + +My account is a basic account. I can not have an overdraft. I have a Visa chip and pin, but it's a basic account. My savings account has a card, but I can only use it in Barclays. It's not a Visa. The bank wouldn't even allow my account to go into ₤10 debt, let alone ₤200k! + +I thought this was an online error. I thought maybe their site was acting up. I went to the cashpoint and was shocked when the cashpoint said I was nearly 100 grand in debt! + +At this point I went straight into the bank and asked them to check both accounts. The cashier confirmed they were both in debt by nearly 100k. But couldn't explain why. + +I sat with a Barclays advisor at the Halesowen Branch for over an hour whilst she tried to find out why so much money had been taken from my accounts. The advisor had to call the same numbers customers do ... which goes straight through to an Indian call centre. I was shocked that Barclay's own staff have to use the same call centres customers do. She confirmed they don't have direct numbers to UK call centres! + +The advisor was passed from pillar to post. She was cut off by one of the call centres because they didn't know how to deal with my account. So we had to start the whole process again! + +I was told that the transactions were "forced" on their system. I don't know what this means though. They said they were card transactions. Really ...for 100k each, even though one account is just a basic Barclays card? + +In the end the bank closed, and I have to go back in the morning. + +All my money is in those accounts. I rely on this money to feed my family! Because I'm in 100k debt in both accounts I can't access my money. I explained this to the advisor in Barclays but her line manager had went home so nothing could be done. + +I'm not even rich. I have Aspergers and I claim ESA as I'm mentally unfit to work. So why would they take 200k from me, and then deny me access to the little money I have? They had no issues escorting me off the premisis at closing time knowing I had no money to buy food because of their error! We have a 7 year old too and I explained I need this money to live. + +Ps. sorry about the grammar error in the title. + +**Updates** + +17/07/2015 9.00am: It's 9am, and over 24 hours since my account was place in debt. My account is still in debt! I was hoping that it would have returned to normal today :( Off to the bank in a moment to see if I can get this sorted. + +17/7/2015 10.00am: Just came back from the bank. I have to go back in 30 minutes. Nobody knows what's going on. The code on the transaction is a BLT (or BTL). They're currently trying to figure out what this code means because they don't even know. They can't tell where the money went either. The branch staff have been awesome though in trying to resolve this. Still no access to my money though :( + +17/7/2015 10:58am: Been back to the bank. They're currently sending emails to other colleagues higher up to see if they can take a look at it. At the moment I'm in limbo, and I'm still not allowed access to my money. Just sitting around now waiting for the bank manager to call me. It was pointless sitting around in the bank as he wasn't certain when they would respond. + +17/7/2015 11:41am: Contacted the Financial Ombudsman to see if they can sort this. Their response ... they can't really do anything. They will start the complaint, but the bank has 8 weeks to respond. + +I explained my situation, and I asked if this would be considered an exceptional case and asked if she could do anything to speed it up. She said she would email the bank regarding the complaint immediately to try speed things up. She admitted though, at this stage the FO is powerless. I have gone through with the complaint and got my reference number. + +My concern is it's now 1.25pm, and nobody has called. I've been to the bank so many times I feel worried that I'm just an annoyance to them now. There's nothing more they can do except wait. If this isn't sorted today then I'm left with nothing over the weekend :( My electric just ran out too! I hope to God they sort this today and not leave it until Monday! + +I have explained all of this to the people at the bank. They are sympathetic, but are unable to override anything to allow me access to my funds. + +17/7/2015 2:23pm: Barclays called. I can take out the £290 that's benefits. The other money that was in my account I am not allowed. I think by law they have to make the benefits available. My other money is still tied up. They still can't confirm what's going on, or what has gone wrong. This is not solved. Far from it. My account is still stuck in debt and I am not allowed to access any money that's not from benefits. So my savings are stuck. + +At least I have money over the weekend, that's something. + +17/7/2015 3:27: Got the benefits money. Was denied the rest of my cash. Nobody knows when it will be sorted, or what's happened. I will keep this updated when I hear something. I'm very interested to know how this happened. + +18/7/2015 9:45am: Bank still in debt. Looks like it will stay that way over the weekend. So much for them treating this as a matter of urgency ... + +19/7/2015 10:42: Bank still the same. Still no news to report. Didn't expect anything to happen on a Sunday anyway. + +My partner has tweeted this to Barclays if you want to retweet: https://twitter.com/sian_ellis89/status/622477622547730432/ [samples](http://edmtheory.com) + +Pretty much as the title says, just announced Donald and Melania trump tested positive for COVID. How do you folks think the market will react? +[Washington Post Article ](https://www.washingtonpost.com/nation/2020/10/02/coronavirus-covid-live-updates-us/) +I'm going to be linking my business account with my rental income and I'm looking for recommendations on which mobile app is easiest to use so I can simplify the whole process. TIA +I understand that many love SCHD in here...but as a young investor its rather expensive atm. As well as I don't know how much its gonna grow in terms of capital appreciation. I do love it ofc, but DIVO seemed better to me. Both have a constant monthly pay out and consistent in its dividends. What do you all think? If you could choose one which one would it be? +I'm considering moving to France as a freelancer and mainly work for a Germany-based company. Is this possible? Would I pay less taxes than if I am resident in Germany and working as a full time there? + +Considering that I can live in France or Germany, and can be full time or freelance (getting paid equally in both cases), what is the best scheme to pay less taxes? Thanks! + + +Hi. + +Im 20yo guy, which dont want to rely on retirement income. My plan is sometimes buy something and hold it for longest time possible. I dont know much about it, im in stocks for maybe half year, for now its doing well, but problem is, that i dont have any plan. Now, im curious about Orange(ORA), because i think its undervalued, but thats all. Here is my current portfolio: + +AT&T x5 + +Intel x8 + +Marvell technology x1 + +Mcdonald x1 + +Nokia x29 + +Orange SA x21 + +Qualcomm x1 + +Xilinx x1 +Everytime I check my feed, I see these perfect lives with seemingly 0 worry about money. it feels weird. While I do admit it's envy, I can't seem to wrap my head around it. how are these people living such a perfect life. Don't I deserve the same? will I ever experience such 'peace' and abundance? what are they doing differently than the effort that I exert to make things happen in my life? or are they just posting the perfect reels of their lives? + +Edited and Expounded Version (because yeah the sentences above sucks as one Redditor commented): + +Every time I check my feed, I see these perfect lives with seemingly 0 worry about money. It feels weird. While I do admit it's envy, I can't seem to wrap my head around it. + +How are these people living such a perfect life? + +Don't I deserve the same? Will I ever have the chance to experience that "peace of mind" and abundance they all seem to have? Or are they just posting the perfect reels of their lives? + +What are they doing differently to have that kind of life? + +Does this kind of thinking or level of consciousness block potential opportunities coming my way? + +For those who have made it from rags to riches, how did you shake this vibe off so you can feel more deserving of having a great life? +Hey guys, throwaway account here. So I just recently found out from my mother that she had been sending over money via wire transfers over the past 5 months to a person who is supposedly a doctor from a foreign country. Long story short, this man messaged my mother via a messenger app randomly and promised that he would send her a "consignment box" which contains about $3-4 million dollars if she pays a delivery fee. The "doctor" told her that she could keep about 50% of the money when she gets it. So apparently my mother has been sending over more than 5 wire transfers totaling more than $100,000 over the past months- I'm assuming that the "doctor" had made excuses about not receiving the funds or some issues going on so that she can keep sending him more money. My mother confessed all this happening recently to my father and I, as she finally recognized it was a scam. I'm not sure if this is categorized as a romance scam or what not, but I read over some of the messages and he was referring her to as "honey". I didn't read the full conversation because I honestly don't want to go that much into it. Our family and I went to the bank that my mother had sent wire transfers out to (she went to many different branches), and the one bank we went to basically told us they couldn't do anything after discussing the matters with their fraud investigations team- the reason being that my mother voluntarily sent over the money herself. They told us our only option left was to take the legal route. We also filed a police report and the main investigator there told us the chances of getting the money back and/or catching the criminal was slim to none but that they would contact us back. + +Do you guys have any advice on what to do? My mother had sent over 6-7 wire transfers at different branches of the bank over the course of 4-5 months. Shouldnt the bank have given us a warning or have some red flags? Can we argue this in court? Is this worth hiring a lawyer for? If anyone has any advice or any direction I can take with this please feel free to help out. Appreciate it thank you Reddit!!! +https://www.cnbc.com/2019/05/06/warren-buffett-says-stocks-look-like-intelligent-investments-compared-to-bonds-today.html + +"Stocks actually, in many cases, look like perfectly intelligent investments,” Warren Buffett said in an interview with CNBC on Monday. +In response to [this thread](https://www.reddit.com/r/AusFinance/comments/czv2ss/150300k_salaries/), I managed to get some data from seek for $150k+ jobs. This is full time, for any location in Australia, the total number and percentage of the overall job market for jobs paying $150k+. You could definitely get some more interesting data from it, like location, or trends over time, but it's a start. + +If anyone's got any ideas or requests for data sets, let me know. + +Classification |# |% | +:--|:--:|:--: +Information & Communication Technology|2187|10.10% +Construction|1449|6.69% +Healthcare & Medical|1063|4.91% +Mining, Resources & Energy|949|4.38% +Engineering|882|4.07% +Legal|636|2.94% +Sales|532|2.46% +Accounting|445|2.05% +Banking & Financial Services|413|1.91% +Government & Defence|313|1.44% +Manufacturing, Transport & Logistics|235|1.08% +CEO & General Management|233|1.08% +Education & Training|209|0.96% +Marketing & Communications|208|0.96% +Real Estate & Property|205|0.95% +Human Resources & Recruitment|200|0.92% +Consulting & Strategy|179|0.83% +Insurance & Superannuation|99|0.46% +Trades & Services|86|0.40% +Science & Technology|72|0.33% +Design & Architecture|63|0.29% +Community Services & Development|39|0.18% +Retail & Consumer Products|38|0.18% +Hospitality & Tourism|21|0.10% +Farming, Animals & Conservation|20|0.09% +Advertising, Arts & Media|19|0.09% +Administration & Office Support|14|0.06% +Call Centre & Customer Service|10|0.05% +Sport & Recreation|10|0.05% +Self Employment|3|0.01% + +---------- + +Sub-Classification |# |% | +:--|:--:|:--: +Construction: Project Management|603|5.57% +Healthcare & Medical: General Practitioners|492|4.55% +Information & Communication Technology: Developers/Programmers|346|3.20% +Mining, Resources & Energy: Mining - Engineering & Maintenance|295|2.73% +Construction: Foreperson/Supervisors|275|2.54% +Information & Communication Technology: Architects|270|2.49% +Information & Communication Technology: Engineering - Software|258|2.38% +Engineering: Civil/Structural Engineering|233|2.15% +Mining, Resources & Energy: Mining - Operations|230|2.13% +Information & Communication Technology: Programme & Project Management|217|2.00% +Sales: New Business Development|197|1.82% +Information & Communication Technology: Consultants|192|1.77% +Accounting: Financial Managers & Controllers|189|1.75% +Information & Communication Technology: Management|182|1.68% +Banking & Financial Services: Compliance & Risk|180|1.66% +Construction: Estimating|177|1.64% +Government & Defence: Government - State|153|1.41% +Information & Communication Technology: Security|149|1.38% +Sales: Management|143|1.32% +Healthcare & Medical: Medical Specialists|139|1.28% +CEO & General Management: General/Business Unit Manager|137|1.27% +Construction: Contracts Management|132|1.22% +Sales: Account & Relationship Management|132|1.22% +Information & Communication Technology: Sales - Pre & Post|128|1.18% +Construction: Management|118|1.09% +Legal: Corporate & Commercial Law|113|1.04% +Engineering: Electrical/Electronic Engineering|110|1.02% +Engineering: Project Management|104|0.96% +Information & Communication Technology: Business/Systems Analysts|102|0.94% +Legal: Generalists - In-house|98|0.91% +Real Estate & Property: Retail & Property Development|95|0.88% +Mining, Resources & Energy: Management|86|0.79% +Engineering: Systems Engineering|76|0.70% +Healthcare & Medical: Dental|76|0.70% +Manufacturing, Transport & Logistics: Management|74|0.68% +Engineering: Management|72|0.67% +Legal: Litigation & Dispute Resolution|69|0.64% +Consulting & Strategy: Strategy & Planning|68|0.63% +Government & Defence: Government - Federal|68|0.63% +Healthcare & Medical: Medical Imaging|66|0.61% +Information & Communication Technology: Networks & Systems Administration|66|0.61% +Mining, Resources & Energy: Health, Safety & Environment|66|0.61% +Legal: Construction Law|64|0.59% +Education & Training: Other|62|0.57% +Engineering: Project Engineering|62|0.57% +Healthcare & Medical: Pharmaceuticals & Medical Devices|62|0.57% +Human Resources & Recruitment: Consulting & Generalist HR|60|0.55% +Information & Communication Technology: Other|58|0.54% +CEO & General Management: CEO|57|0.53% +Information & Communication Technology: Engineering - Network|55|0.51% +Government & Defence: Government - Local|54|0.50% +Legal: Banking & Finance Law|54|0.50% +Consulting & Strategy: Management & Change Consulting|53|0.49% +Education & Training: Management - Schools|53|0.49% +Marketing & Communications: Management|53|0.49% +Engineering: Building Services Engineering|51|0.47% +Manufacturing, Transport & Logistics: Purchasing, Procurement & Inventory|50|0.46% +Mining, Resources & Energy: Power Generation & Distribution|47|0.43% +Sales: Sales Representatives/Consultants|47|0.43% +Engineering: Mechanical Engineering|46|0.43% +Information & Communication Technology: Product Management & Development|46|0.43% +Mining, Resources & Energy: Mining - Exploration & Geoscience|45|0.42% +Legal: Other|44|0.41% +Healthcare & Medical: Management|43|0.40% +Human Resources & Recruitment: Management - Internal|42|0.39% +Legal: Property Law|42|0.39% +Construction: Other|41|0.38% +Legal: Industrial Relations & Employment Law|39|0.36% +Mining, Resources & Energy: Other|39|0.36% +Healthcare & Medical: Nursing - Aged Care|38|0.35% +Banking & Financial Services: Corporate Finance & Investment Banking|37|0.34% +Accounting: Financial Accounting & Reporting|36|0.33% +Construction: Health, Safety & Environment|36|0.33% +Engineering: Other|36|0.33% +Real Estate & Property: Residential Sales|34|0.31% +Healthcare & Medical: Residents & Registrars|32|0.30% +Marketing & Communications: Marketing Communications|32|0.30% +Mining, Resources & Energy: Mining - Processing|32|0.30% +Legal: Insurance & Superannuation Law|31|0.29% +Mining, Resources & Energy: Oil & Gas - Engineering & Maintenance|31|0.29% +Education & Training: Management - Universities|30|0.28% +Education & Training: Teaching - Tertiary|30|0.28% +Science & Technology: Environmental, Earth & Geosciences|30|0.28% +Accounting: Business Services & Corporate Advisory|29|0.27% +Real Estate & Property: Commercial Sales, Leasing & Property Mgmt|29|0.27% +Banking & Financial Services: Funds Management|28|0.26% +Construction: Planning & Scheduling|28|0.26% +Information & Communication Technology: Team Leaders|28|0.26% +Accounting: Taxation|27|0.25% +Banking & Financial Services: Other|27|0.25% +Engineering: Environmental Engineering|27|0.25% +Healthcare & Medical: Sales|27|0.25% +Real Estate & Property: Body Corporate & Facilities Management|27|0.25% +Construction: Surveying|26|0.24% +Information & Communication Technology: Database Development & Administration|25|0.23% +Trades & Services: Electricians|25|0.23% +Accounting: Management Accounting & Budgeting|23|0.21% +Banking & Financial Services: Analysis & Reporting|23|0.21% +Design & Architecture: Architecture|23|0.21% +Marketing & Communications: Digital & Search Marketing|23|0.21% +Accounting: Management|22|0.20% +Insurance & Superannuation: Actuarial|22|0.20% +Marketing & Communications: Product Management & Development|22|0.20% +Accounting: Analysis & Reporting|21|0.19% +Design & Architecture: Web & Interaction Design|21|0.19% +Banking & Financial Services: Financial Planning|20|0.18% +CEO & General Management: Other|20|0.18% +Consulting & Strategy: Other|20|0.18% +Information & Communication Technology: Testing & Quality Assurance|20|0.18% +Legal: Family Law|20|0.18% +Manufacturing, Transport & Logistics: Warehousing, Storage & Distribution|20|0.18% +Marketing & Communications: Market Research & Analysis|20|0.18% +Accounting: Audit - Internal|18|0.17% +Banking & Financial Services: Banking - Business|18|0.17% +Banking & Financial Services: Management|18|0.17% +Human Resources & Recruitment: Occupational Health & Safety|18|0.17% +Insurance & Superannuation: Management|18|0.17% +Manufacturing, Transport & Logistics: Rail & Maritime Transport|18|0.17% +CEO & General Management: COO & MD|17|0.16% +Engineering: Maintenance|17|0.16% +Marketing & Communications: Public Relations & Corporate Affairs|17|0.16% +Mining, Resources & Energy: Mining - Drill & Blast|17|0.16% +Community Services & Development: Management|16|0.15% +Government & Defence: Other|16|0.15% +Government & Defence: Policy, Planning & Regulation|16|0.15% +Healthcare & Medical: Nursing - Management|16|0.15% +Human Resources & Recruitment: Organisational Development|16|0.15% +Information & Communication Technology: Web Development & Production|16|0.15% +Marketing & Communications: Brand Management|16|0.15% +Science & Technology: Mathematics, Statistics & Information Sciences|16|0.15% +Trades & Services: Automotive Trades|16|0.15% +Accounting: Strategy & Planning|15|0.14% +Healthcare & Medical: Psychology, Counselling & Social Work|15|0.14% +Manufacturing, Transport & Logistics: Production, Planning & Scheduling|15|0.14% +Mining, Resources & Energy: Oil & Gas - Operations|15|0.14% +Banking & Financial Services: Banking - Corporate & Institutional|14|0.13% +Consulting & Strategy: Environment & Sustainability Consulting|14|0.13% +Hospitality & Tourism: Management|14|0.13% +Human Resources & Recruitment: Training & Development|14|0.13% +Insurance & Superannuation: Brokerage|14|0.13% +Marketing & Communications: Other|14|0.13% +Real Estate & Property: Other|14|0.13% +Banking & Financial Services: Account & Relationship Management|13|0.12% +Consulting & Strategy: Corporate Development|13|0.12% +Engineering: Water & Waste Engineering|13|0.12% +Legal: Environment & Planning Law|13|0.12% +Mining, Resources & Energy: Natural Resources & Water|13|0.12% +Mining, Resources & Energy: Surveying|13|0.12% +Accounting: Accounts Officers/Clerks|12|0.11% +Banking & Financial Services: Mortgages|12|0.11% +Human Resources & Recruitment: Recruitment - Agency|12|0.11% +Insurance & Superannuation: Other|12|0.11% +Legal: Intellectual Property Law|12|0.11% +Science & Technology: Laboratory & Technical Services|12|0.11% +Trades & Services: Other|12|0.11% +Human Resources & Recruitment: Industrial & Employee Relations|11|0.10% +Information & Communication Technology: Telecommunications|11|0.10% +Insurance & Superannuation: Risk Consulting|11|0.10% +Legal: Generalists - Law Firm|11|0.10% +Trades & Services: Fitters, Turners & Machinists|11|0.10% +Accounting: Payroll|10|0.09% +Community Services & Development: Fundraising|10|0.09% +Healthcare & Medical: Other|10|0.09% +Human Resources & Recruitment: Remuneration & Benefits|10|0.09% +Information & Communication Technology: Help Desk & IT Support|10|0.09% +Insurance & Superannuation: Superannuation|10|0.09% +Legal: Personal Injury Law|10|0.09% +Manufacturing, Transport & Logistics: Import/Export & Customs|10|0.09% +Trades & Services: Air Conditioning & Refrigeration|10|0.09% +Construction: Quality Assurance & Control|9|0.08% +Engineering: Process Engineering|9|0.08% +Farming, Animals & Conservation: Agronomy & Farm Services|9|0.08% +Manufacturing, Transport & Logistics: Quality Assurance & Control|9|0.08% +Manufacturing, Transport & Logistics: Road Transport|9|0.08% +Mining, Resources & Energy: Analysis & Reporting|9|0.08% +Retail & Consumer Products: Buying|9|0.08% +Sales: Other|9|0.08% +Accounting: Compliance & Risk|8|0.07% +Accounting: Systems Accounting & IT Audit|8|0.07% +Call Centre & Customer Service: Management & Support|8|0.07% +Coaching & Instruction: Fitness & Personal Training|8|0.07% +Education & Training: Management - Vocational|8|0.07% +Manufacturing, Transport & Logistics: Aviation Services|8|0.07% +Retail & Consumer Products: Management - Store|8|0.07% +Retail & Consumer Products: Other|8|0.07% +Accounting: Other|7|0.06% +Advertising, Arts & Media: Management|7|0.06% +Community Services & Development: Indigenous & Multicultural Services|7|0.06% +Consulting & Strategy: Analysts|7|0.06% +Design & Architecture: Urban Design & Planning|7|0.06% +Education & Training: Teaching - Vocational|7|0.06% +Healthcare & Medical: Nursing - A&E, Critical Care & ICU|7|0.06% +Healthcare & Medical: Pathology|7|0.06% +Healthcare & Medical: Physiotherapy, OT & Rehabilitation|7|0.06% +Human Resources & Recruitment: Other|7|0.06% +Banking & Financial Services: Banking - Retail/Branch|6|0.06% +Banking & Financial Services: Credit|6|0.06% +Banking & Financial Services: Stockbroking & Trading|6|0.06% +Education & Training: Teaching - Secondary|6|0.06% +Engineering: Chemical Engineering|6|0.06% +Engineering: Engineering Drafting|6|0.06% +Healthcare & Medical: Clinical/Medical Research|6|0.06% +Healthcare & Medical: Speech Therapy|6|0.06% +Human Resources & Recruitment: Management - Agency|6|0.06% +Information & Communication Technology: Engineering - Hardware|6|0.06% +Insurance & Superannuation: Underwriting|6|0.06% +Legal: Legal Practice Management|6|0.06% +Legal: Tax Law|6|0.06% +Retail & Consumer Products: Management - Area/Multi-site|6|0.06% +Science & Technology: Other|6|0.06% +Accounting: Audit - External|5|0.05% +Accounting: Treasury|5|0.05% +Design & Architecture: Industrial Design|5|0.05% +Education & Training: Research & Fellowships|5|0.05% +Engineering: Supervisors|5|0.05% +Manufacturing, Transport & Logistics: Freight/Cargo Forwarding|5|0.05% +Manufacturing, Transport & Logistics: Other|5|0.05% +Marketing & Communications: Direct Marketing & CRM|5|0.05% +Mining, Resources & Energy: Oil & Gas - Drilling|5|0.05% +Administration & Office Support: Contracts Administration|4|0.04% +Advertising, Arts & Media: Agency Account Management|4|0.04% +Advertising, Arts & Media: Editing & Publishing|4|0.04% +Construction: Plant & Machinery Operators|4|0.04% +Consulting & Strategy: Policy|4|0.04% +Design & Architecture: Other|4|0.04% +Government & Defence: Navy|4|0.04% +Human Resources & Recruitment: Recruitment - Internal|4|0.04% +Insurance & Superannuation: Claims|4|0.04% +Marketing & Communications: Internal Communications|4|0.04% +Mining, Resources & Energy: Oil & Gas - Exploration & Geoscience|4|0.04% +Retail & Consumer Products: Merchandisers|4|0.04% +Trades & Services: Technicians|4|0.04% +Accounting: Accounts Receivable/Credit Control|3|0.03% +Accounting: Company Secretaries|3|0.03% +Advertising, Arts & Media: Media Strategy, Planning & Buying|3|0.03% +Banking & Financial Services: Treasury|3|0.03% +Education & Training: Childcare & Outside School Hours Care|3|0.03% +Education & Training: Workplace Training & Assessment|3|0.03% +Engineering: Field Engineering|3|0.03% +Engineering: Industrial Engineering|3|0.03% +Farming, Animals & Conservation: Conservation, Parks & Wildlife|3|0.03% +Healthcare & Medical: Ambulance/Paramedics|3|0.03% +Healthcare & Medical: Nursing - General Medical & Surgical|3|0.03% +Healthcare & Medical: Nursing - Midwifery, Neo-Natal, SCN & NICU|3|0.03% +Healthcare & Medical: Pharmacy|3|0.03% +Legal: Criminal & Civil Law|3|0.03% +Manufacturing, Transport & Logistics: Couriers, Drivers & Postal Services|3|0.03% +Manufacturing, Transport & Logistics: Fleet Management|3|0.03% +Manufacturing, Transport & Logistics: Team Leaders/Supervisors|3|0.03% +Real Estate & Property: Residential Leasing & Property Management|3|0.03% +Science & Technology: Biological & Biomedical Sciences|3|0.03% +Accounting: Insolvency & Corporate Recovery|2|0.02% +Administration & Office Support: Administrative Assistants|2|0.02% +Banking & Financial Services: Client Services|2|0.02% +CEO & General Management: Board Appointments|2|0.02% +Coaching & Instruction: Management|2|0.02% +Community Services & Development: Aged & Disability Support|2|0.02% +Community Services & Development: Child Welfare, Youth & Family Services|2|0.02% +Community Services & Development: Housing & Homelessness Services|2|0.02% +Engineering: Materials Handling Engineering|2|0.02% +Farming, Animals & Conservation: Farm Management|2|0.02% +Farming, Animals & Conservation: Fishing & Aquaculture|2|0.02% +Farming, Animals & Conservation: Horticulture|2|0.02% +Farming, Animals & Conservation: Other|2|0.02% +Government & Defence: Emergency Services|2|0.02% +Healthcare & Medical: Optical|2|0.02% +Hospitality & Tourism: Front Office & Guest Services|2|0.02% +Information & Communication Technology: Technical Writing|2|0.02% +Insurance & Superannuation: Workers' Compensation|2|0.02% +Manufacturing, Transport & Logistics: Analysis & Reporting|2|0.02% +Mining, Resources & Energy: Oil & Gas - Production & Refinement|2|0.02% +Real Estate & Property: Valuation|2|0.02% +Retail & Consumer Products: Planning|2|0.02% +Sales: Analysis & Reporting|2|0.02% +Sales: Sales Coordinators|2|0.02% +Science & Technology: Chemistry & Physics|2|0.02% +Trades & Services: Carpentry & Cabinet Making|2|0.02% +Trades & Services: Plumbers|2|0.02% +Accounting: Bookkeeping & Small Practice Accounting|1|0.01% +Accounting: Cost Accounting|1|0.01% +Administration & Office Support: Office Management|1|0.01% +Administration & Office Support: PA, EA & Secretarial|1|0.01% +Advertising, Arts & Media: Other|1|0.01% +Call Centre & Customer Service: Collections|1|0.01% +Call Centre & Customer Service: Customer Service - Call Centre|1|0.01% +Design & Architecture: Architectural Drafting|1|0.01% +Design & Architecture: Fashion & Textile Design|1|0.01% +Design & Architecture: Interior Design|1|0.01% +Education & Training: Student Services|1|0.01% +Education & Training: Teaching - Primary|1|0.01% +Engineering: Aerospace Engineering|1|0.01% +Hospitality & Tourism: Airlines|1|0.01% +Hospitality & Tourism: Bar & Beverage Staff|1|0.01% +Hospitality & Tourism: Chefs/Cooks|1|0.01% +Hospitality & Tourism: Housekeeping|1|0.01% +Hospitality & Tourism: Tour Guides|1|0.01% +Legal: Legal Secretaries|1|0.01% +Manufacturing, Transport & Logistics: Machine Operators|1|0.01% +Marketing & Communications: Event Management|1|0.01% +Marketing & Communications: Trade Marketing|1|0.01% +Real Estate & Property: Analysts|1|0.01% +Retail & Consumer Products: Management - Department/Assistant|1|0.01% +Science & Technology: Food Technology & Safety|1|0.01% +Science & Technology: Materials Sciences|1|0.01% +Science & Technology: Quality Assurance & Control|1|0.01% +Trades & Services: Building Trades|1|0.01% +Trades & Services: Gardening & Landscaping|1|0.01% +Trades & Services: Hair & Beauty Services|1|0.01% +Trades & Services: Welders & Boilermakers|1|0.01% +Accounting: Accounts Payable|0|0.00% +Accounting: Assistant Accountants|0|0.00% +Accounting: Forensic Accounting & Investigation|0|0.00% +Accounting: Inventory & Fixed Assets|0|0.00% +Administration & Office Support: Client & Sales Administration|0|0.00% +Administration & Office Support: Data Entry & Word Processing|0|0.00% +Administration & Office Support: Receptionists|0|0.00% +Administration & Office Support: Records Management & Document Control|0|0.00% +Advertising, Arts & Media: Art Direction|0|0.00% +Advertising, Arts & Media: Event Management|0|0.00% +Advertising, Arts & Media: Journalism & Writing|0|0.00% +Advertising, Arts & Media: Performing Arts|0|0.00% +Advertising, Arts & Media: Photography|0|0.00% +Advertising, Arts & Media: Programming & Production|0|0.00% +Advertising, Arts & Media: Promotions|0|0.00% +Banking & Financial Services: Settlements|0|0.00% +Call Centre & Customer Service: Customer Service - Customer Facing|0|0.00% +Call Centre & Customer Service: Other|0|0.00% +Call Centre & Customer Service: Sales - Inbound|0|0.00% +Call Centre & Customer Service: Sales - Outbound|0|0.00% +Call Centre & Customer Service: Supervisors/Team Leaders|0|0.00% +Coaching & Instruction: Coaching & Instruction|0|0.00% +Coaching & Instruction: Other|0|0.00% +Community Services & Development: Community Development|0|0.00% +Community Services & Development: Employment Services|0|0.00% +Community Services & Development: Other|0|0.00% +Community Services & Development: Volunteer Coordination & Support|0|0.00% +Design & Architecture: Graphic Design|0|0.00% +Design & Architecture: Illustration & Animation|0|0.00% +Design & Architecture: Landscape Architecture|0|0.00% +Education & Training: Library Services & Information Management|0|0.00% +Education & Training: Teaching - Early Childhood|0|0.00% +Education & Training: Teaching Aides & Special Needs|0|0.00% +Education & Training: Tutoring|0|0.00% +Engineering: Automotive Engineering|0|0.00% +Farming, Animals & Conservation: Farm Labour|0|0.00% +Farming, Animals & Conservation: Veterinary Services & Animal Welfare|0|0.00% +Farming, Animals & Conservation: Winery & Viticulture|0|0.00% +Government & Defence: Air Force|0|0.00% +Government & Defence: Army|0|0.00% +Government & Defence: Government|0|0.00% +Government & Defence: Local Government|0|0.00% +Government & Defence: Police & Corrections|0|0.00% +Healthcare & Medical: Chiropractic & Osteopathic|0|0.00% +Healthcare & Medical: Dieticians|0|0.00% +Healthcare & Medical: Environmental Services|0|0.00% +Healthcare & Medical: Medical Administration|0|0.00% +Healthcare & Medical: Natural Therapies & Alternative Medicine|0|0.00% +Healthcare & Medical: Nursing - Community, Maternal & Child Health|0|0.00% +Healthcare & Medical: Nursing - Educators & Facilitators|0|0.00% +Healthcare & Medical: Nursing - High Acuity|0|0.00% +Healthcare & Medical: Nursing - Paediatric & PICU|0|0.00% +Healthcare & Medical: Nursing - Psych, Forensic & Correctional Health|0|0.00% +Healthcare & Medical: Nursing - Theatre & Recovery|0|0.00% +Hospitality & Tourism: Gaming|0|0.00% +Hospitality & Tourism: Kitchen & Sandwich Hands|0|0.00% +Hospitality & Tourism: Other|0|0.00% +Hospitality & Tourism: Reservations|0|0.00% +Hospitality & Tourism: Travel Agents/Consultants|0|0.00% +Hospitality & Tourism: Waiting Staff|0|0.00% +Information & Communication Technology: Computer Operators|0|0.00% +Insurance & Superannuation: Assessment|0|0.00% +Insurance & Superannuation: Fund Administration|0|0.00% +Legal: Law Clerks & Paralegals|0|0.00% +Manufacturing, Transport & Logistics: Assembly & Process Work|0|0.00% +Manufacturing, Transport & Logistics: Pattern Makers & Garment Technicians|0|0.00% +Manufacturing, Transport & Logistics: Pickers & Packers|0|0.00% +Manufacturing, Transport & Logistics: Public Transport & Taxi Services|0|0.00% +Marketing & Communications: Marketing Assistants/Coordinators|0|0.00% +Real Estate & Property: Administration|0|0.00% +Retail & Consumer Products: Retail Assistants|0|0.00% +Science & Technology: Biotechnology & Genetics|0|0.00% +Science & Technology: Modelling & Simulation|0|0.00% +Trades & Services: Bakers & Pastry Chefs|0|0.00% +Trades & Services: Butchers|0|0.00% +Trades & Services: Cleaning Services|0|0.00% +Trades & Services: Floristry|0|0.00% +Trades & Services: Labourers|0|0.00% +Trades & Services: Locksmiths|0|0.00% +Trades & Services: Maintenance & Handyperson Services|0|0.00% +Trades & Services: Nannies & Babysitters|0|0.00% +Trades & Services: Painters & Sign Writers|0|0.00% +Trades & Services: Printing & Publishing Services|0|0.00% +Trades & Services: Security Services|0|0.00% +Trades & Services: Tailors & Dressmakers|0|0.00% + Where do you fit in? + +# Key Findings + +*tl;dr: Main Findings are in* ***BOLD,*** *with additional detail below each.* + +In a year defined by the uncertainty of a pandemic, many retail investors became active in the capital markets. The demand for self-directed investment accounts surged so rapidly that Order Execution Only (“OEO”) dealers struggled to meet the demand at times. There was also a dramatic increase in the amount of retail trading activity. To gain a better understanding of this phenomenon, the Investor Office conducted a survey of 2,000 Canadian retail investors who either have a self-directed (also known as “OEO” or “DIY”) account as their primary account or who have an advisor but also have their own secondary self-directed account. The survey was in field from November 17 to December 6, 2020. + +**10% OF SELF-DIRECTED INVESTORS OPENED THEIR OEO ACCOUNT DURING THE PANDEMIC** + +* 50% of self-directed investors have held their self-directed account for 5 years or more. +* 16% of self-directed investors started investing through an advisor due to the COVID-19 pandemic. +* 17% of self-directed investors have had an issue entering or completing a trading order during the pandemic. +* 11% of self-directed investors had issues accessing or logging into their self-directed account during the pandemic + +**44% CHOOSE TO BE A SELF-DIRECTED INVESTOR BECAUSE THEY ENJOY IT** + +* 34% do so because they see advice as too expensive. +* Advised investors who have a secondary self-directed account do it for the following reasons: they enjoy trading stocks (32%), they only want their advisor to manage some of their portfolio (28%), or they want to take more risk (27%). +* Overall, seven-in-ten (69%) self-directed investors are satisfied with their experience as an investor. + +**11% OF SELF-DIRECTED INVESTORS HAVE AN AGGRESSIVE ATTITUDE TOWARD RISK** + +* Nearly half (45%) are willing to accept a moderate level of risk, while 14% perceive themselves to be conservative. +* Investors with higher risk preferences are more likely to own cannabis stocks, venture stocks and crypto-assets. + +**41% OF SELF-DIRECTED INVESTORS BELIEVE THEIR OVERALL KNOWLEDGE OF FINANCIAL MATTERS IS HIGH** + +* When asked a series of questions about marketplaces and trading, the average investor was able to answer two out of five correctly. +* These questions were technical and would require a high degree of sophistication to answer correctly. +* 66% of self-directed investors admit they do not know how many equity marketplaces there are in Canada. Only 1% of investors knew there were 12 or more. +* Only half knew that TSX-listed stocks can be traded on an exchange other than the TSX. +* One-third (32%) of investors know that ‘best execution' means getting the best possible result considering many factors. + +**25% OF SELF-DIRECTED INVESTORS SIGN-IN TO THEIR ACCOUNT DAILY, 28% SIGN-IN WEEKLY, AND 20% MONTHLY.** + +* 21% trade using their mobile phone, 56% using their computer and 11% by phone. +* 43% of investors make 10 trades or less per year, 31% make 11 to 50 trades per year and 10% make 51 to 350 trades a year. +* More than half (56%) say it is very important to know the prevailing buying and/or selling price (bid/ask) when making a buying or selling decision. 38% say it is very important to know the volume (number of shares) available at the prevailing buying and/or selling price. +* 60% OF SELF-DIRECTED INVESTORS ARE MEN AND A QUARTER ARE 18-34. +* 74% are entirely self-directed investors while the remaining 26% have an advisor but also have a secondary self-directed account. +* 21% have traded cannabis stocks, 19% have traded junior stocks, 14% have traded leveraged or inverse ETFs, 9% crypto assets, and 6% options/puts. +* The most common investment return for self-directed investors over the last year (to December 2020) was 4-6% and this jumps to 7-9% over a three-year period. + +**THE MOST IMPORTANT INFORMATION USED BY SELF-DIRECTED INVESTORS IS THEIR PERSONAL VIEWS ON COMPANIES** + +* 13% consider posts on social media and online message boards such as Reddit, Twitter and Facebook to be important sources of information. +* 25% think that ESG factors are highly important while 13% think they are not important. +* One-third (33%) of investors say that available ESG information helps them make better investment decisions. +* 18% find information on ESG factors to be important, but do not find the currently available information to be useful. +* Two-thirds (67%) of investors use at least one tool offered by their dealer to help manage their investments: + +1. The most popular are tools that help assess the performance of their investments (50%), tools that help them to manage their finances (43%), and tools that compare their portfolio against benchmarks (39%). +2. For those who don’t have a given tool, two-thirds of investors would use one, if it were available (such as a tool to assess the performance of their investments (74%), or a tool to show how their costs impact returns over time(71%). + +[https://www.osc.ca/sites/default/files/2021-04/inv\_research\_20210421\_self-directed-investor-survey.pdf](https://www.osc.ca/sites/default/files/2021-04/inv_research_20210421_self-directed-investor-survey.pdf) +**GM** + +2011- $7.6 Billion Profit + +2015- $9.7 Billion Profit + +**Tesla** + +2011- $254 Million LOSS + +2015-$889 Million LOSS + +---------------------------------------------------- + +GM sold nearly 10 million cars this past year in 2015. Tesla sold near 50,000. + +---------------------------------------------------------- + +It's pretty much the tale of a value stock vs a growth stock. + +**How do you guys gauge Tesla's current price?** +For those who aren't aware, BBD has laid off approx 70% of its staff (https://business.financialpost.com/transportation/airlines/update-1-bombardier-to-suspend-business-jet-production-in-canada-over-coronavirus-source) - do you guys think the company can even survive a (temporary) shutdown like this? +Our washing machine broke several days ago and we were on the verge of calling a plumber out to have a look. Before we did we checked on youtube and found a video tutorial on the common causes of washing machine breakages. We checked out the places it recommended we check and found pillow stuffing clogging up the pipes. Once we got it out the washing machine worked fine. We saved ourselves the cost of a plumber. + +It got me thinking, how many other things have I been paying for that I could reasonably do myself by just looking up skilled people giving online tutorials. + +Edit: I shouldn't have to put this up but use your common sense, be honest about your assessment of your own diy capability. If you are in over your head with something dangerous like electricity or gas don't be an idiot. Call someone. Beware of breaking warranties etc. +https://www.livemint.com/money/personal-finance/why-indians-need-to-invest-in-the-world-11582651886287.html + +To all those new investor, who has shifted their money from FD to mutual funds should read this to diversify their portfolio and take a step further in investing. +I made a bunch of thetagang moneys last year with various strategies. I started slow and sold some calls against shares, did some wheeling, then did quite well with ATM puts using margin (always buying back with no real risk of assignment). + +“Everyone is a genius in a bull market”, right? + +I think the market will be flat or bleed out for a long while. If that happens, clearly selling puts is a terrible or idea, even lower delta and not ATM. + +If you knew this was going to be a flat/ bearish market for a year (of course we don’t really know that), what thetagang strategy would you use? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Title, unfortunately had to remove Sportsbet due to ‘New Years resolutions,’ so I’ve come to wager something far more important than my pay check. I’ll take a two year ban if today’s close doesn’t double by Christmas. +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/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +DOGEMAN is listed on Pancakeswap + +Renounced Ownership: https://bscscan.com/tx/0x107d0f56883b86f64b246213e9991e401c0fc4290da0c0cd7be2e7ae167c5f48 + +Burnt LP: https://bscscan.com/token/0xc1752D76CCA42e59F269122A8a6091876dc49d6C#balances + +2% of each transaction goes to holders +3% back into liquidity +ownership is renounced and LP burned +​ + +LINKS and useful info : + +Total Supply: 1,000,000,000,000,000 DOGEMAN + +Fee: 5% total;2% to holders and 3% back into liquidity + +Contract: 0xc0fb1a2b077518808c3a4fa361a1da5d190396a5 + +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xc0fb1a2b077518808c3a4fa361a1da5d190396a5 + +Website: https://dogeman.xyz + +Telegram: https://t.me/dogemantoken + +Reddit: https://www.reddit.com/r/DogemanToken/ + +Join the community and lets make some money (and spread awareness)! +Good morning everyone. + +I wanted to get some toughts/opinions on where to park $180k for the best monthly dividend return. I am not worried about growth on this particular portion of my portfolio, just monthly dividend returns that will not be directly reinvested. + +I am stuck between QYLD, XYLD, JEPI etc. Looking for other recommendations that I can research as well. + +I am good with using margin if it makes sense for additional return leverage. + +Any thoughts/recommendations are appreciated. + +Thanks! +I'll type this out, but I want to be careful with advice-giving. What I remember back then was a lot of people being wrong but confident. + +In 2008, I received an inheritance and the funds were available in January of 2009. + +I wasn't the brightest at the time (or now, actually), but I was confident in one thing - the US was not going anywhere, and this was an incredible opportunity for buying into the stock market. + +I did my diligence, as deeply as an early 20's college kid with no idea what he was doing would do. There were forums attached to Google Finance at the time - like Reddit, with people who sounded sensible giving sensible-sounding advice. I used those to get ideas of what to look at. + +I compiled a portfolio of American and Canadian blue chips - bought the Canadian banks, bought Kinder Morgan, bought J&J, bought Bank of America... and some others I can't remember. I bought my shares as the market dropped. + +Down went the markets, and down went my portfolio as the drop went on. + +Anxiety began to build as I saw my money drop, and it increased as more and more people started talking of a "depression". Scary headlines that made me doubt my initial position began wearing on me. + +"Hold on to your hats kids, DOW 6000 is coming!" was being shouted in the news and others - and I bet on that. I PULLED OUT... in expectation of further drops. + +DOW 6000 did not materialize, and when markets corrected - it ramped up quickly. I did not know how to gauge the recovery - buying in a drop is easy, but judging "dead cat bounces", as they say, was beyond me. I nervously watched as stocks went up, and up, and up, while I sat at the bottom with less money than I had at the beginning. + +There was a point where the drops became too much, and I became nervous - and reacted on that. + +If you need to take some Celexa to keep your cool through this - go to your doctor - but I know, back then, at that time - that was what I needed to do, and I still regret not doing it. +Hi, Irish potential ape here. I've just come into a small amount of money + +Is it too late to buy GME shares? If not then how do I go about buying shares? + +Sorry if this question has been asked before. Also if the price drops below a certain point will I end up in some kind of debt because of this? + +I can handle losing my initial investment if it comes to that, but I'm not in good enough financial shape to take on any more debt than I already have. +Thanks. + +EDIT TO SAY THANK YOU ALL + +Thanks to everyone for the suggestions. I am overwhelmed with all the awards and kind comments. + +Its been a tough year, my wife has been having a hard time going through chemo for breast cancer and towards the end of her treatment I had to have a double bypass. Then while in hospital our beloved 13 yeard old rescue dog Honey developed epilepsy. + +I know tragedy plus time equals comedy. But all is well. My wife is finished chemo and her prognosis is excellent. I am recovering well and Honeys medication has stopped her fits. + +A number of apes have pointed me in the right direction and I am in contact with them. I will buy on Monday and hold with diamond hands. + +You guys have already raised me to the moon. + +Thank you. + **100x is not just a memecoin 🦧** + +Since the Elon + China FUD started, a lot of the big names in the memecoin space vanished but that was not the case for 100xCoin. The community became stronger than ever, bonding together in the face of the storm and managed to hold the line and now it's showing signs of recovery. + +**Why 100x is different 💸** + +Combining the fun atmosphere of a meme community with the professionalism of a "legit" project created an unstoppable force. A community led by "Ken The Crypto," and with his hardworking army of degens has resulted in one of the most UNIQUE Binance Smart Chain projects. + +100% Safu 💯 We've seen the amount of rugs that happend during the last red week :) I've personally lost a big chunk of money last week. 100xCoin is the ONLY coin that I feel safe throwing my money at. + +Enough with the BS now, let's talk about the potential of this project.💎 + +\- Not braging or anything but this coin has unlimited marketing budget thanks to the marketing wallet + +\- NFT staking + +\- Celebrity endorsement (4 NFL players have been sponsored. 1 MMA fighter will be announced, HUGE boxing matches were sponsored by 100xCoin) + +\- [Gato.io](https://gato.io/) listing and other listings coming soon <<= my last 10 braincells are telling me we are about to witness a huge pump + +\- THE APP (the ultimate weapon) 💲 + +**Its not just another memecoin APP 🚀📱** + +It's an APP that will allow you to buy 100xCoin DIRECTLY from your debit/credit card, so it's basically giving degens easy access to crypto. Bringing new people to BSC was NEVER this easy before! They will skip the PancakeSwap pain and complexity with only 3 clicks (yes, people who are new to crypto will be investing). Not only that, but there will be a platform for "legit" only meme coins. By holding 100xCoin, you will be able to participate in the presale of the “legit” 1% chosen projects. + +We VET projects before joining ⚪️ Before joining the BSC Alliance, an investigation will be done. All this to ensure that you agree to our values - Doxxed/ Transparent/Safe - and are suitable to join + +**📊Heres some stats to get you fired up 🔥** + +May 10 - 38k Holders + +May 11 - 44k Holders + +May 12 - 49k Holders + +May 13 -51k Holders + +May 14 - 53k Holders + +May 24 - 57k Holders + +100x made by degens , for the degens + +**Telegram** \- [https://t.me/joinchat/i9GObX3DmskzNGYx](https://t.me/joinchat/i9GObX3DmskzNGYx) + +PS : go to tg and type /contract . +Back with another round of goodies. Sorry for not having this part up yesterday, I got side tracked by a few different rabbit holes. With the FTX bankruptcy filings being published, I'm going to break into a bit of speculation combined with data for this part, simply because it fits too conveniently. If there is one thing I learned when digging into Credit Suisse's report 15 months ago now, it's reading in between the lines. I based my entire Credit Suisse post on one footnote that mentioned GameStop and let the data guide me from there. My bullshit detector is in overdrive based on a footnote in yesterday's filing, which can be downloaded [here](https://www.scribd.com/document/608298469/FTX-bankruptcy-filing-11-17-22#download&from_embed). Without further ado... + +# Last Time on Unwrapping Wrapped GME.. + +In part 1, I established where Wrapped Gamestop came from. If you missed it, spoiler alert; it was created by FTX. + +For reference, the Wrapped GameStop token address + +[https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496) + +&#x200B; + +[Note: Serum was founded by SBF as well so yeah, FTX](https://preview.redd.it/vnzwuqhlot0a1.png?width=2732&format=png&auto=webp&s=04c075d334acea0d6a0b9190b88242fb8d2a32d4) + +&#x200B; + +**Creation date was Jan 26, 2021. Remember** **this?** + +&#x200B; + +[Pepperidge Farm Remembers](https://preview.redd.it/ysinhrypot0a1.png?width=1710&format=png&auto=webp&s=a962770adc694a53edbbcf6729b2245083ccf6b3) + +&#x200B; + +If you glance up above, you'll see that a Uniswap contract was deployed two mins after creation of the token. The token offered on Uniswap was based off of the FTX created Wrapped Gamestop token. Coincidentally (🙄🤣🤣), FTX began offering Tokenized GameStop on the same day that the article was published. What's interesting though, is that aside from a random transaction on Uniswap a little over 200 days after, there was no movement outside of the initial 16ish hours after creation. + +&#x200B; + +[Note that INSANE swap rate on the last transaction. That's another topic for another day though.](https://preview.redd.it/fb672trsot0a1.png?width=3486&format=png&auto=webp&s=39b9428b31c794e33058617d697b72f94602312c) + +&#x200B; + +**DATA MIXED WITH SPECULATION AHEAD** + +Now that we've re-established that this dogshit was created by FTX, and that it essentially never moved since the squeeze, what were they doing with it? If there were no transactions, what was trading on FTX? The last question was rhetorical. Hopes and prayers were trading on FTX that's what. Not the focus of this part anyways. Let's see what they *could* have done with it. + +First, let's see some data on tokenized GameStop. + +[https://coincodex.com/crypto/GME-tokenized-stock/?period=ALL](https://coincodex.com/crypto/GME-tokenized-stock/?period=ALL) + +&#x200B; + +[Note that number for later](https://preview.redd.it/gueofd0vot0a1.png?width=2092&format=png&auto=webp&s=8befda7a95cd2c77ed6d424bc2192eabd33cc965) + +&#x200B; + +We see that the ATH for this dogshit is $414.00 and the ATH date is Jan 29, 2021. This is after all the transactions on Wrapped GameStop have been completed and they are essentially in the wallets where they will remain. It's already been widely reported that in-house coin FTT was used as collateral for loans, so what if these were utilized in the same manner? I don't think it's exactly a stretch, and once it's outside of blockchain, I don't have a verifiable way to find out, but let's let some data talk for us. I'm only going to focus on a couple of holders on Wrapped GameStop; namely Binance, Jump Trading, and Genesis Trading. + +If we look at the transfers of Wrapped GameStop we can see the flow of who got what. The transaction hashes will also show us how much they were bought for (if they were). Let's pull in the price of GameStop stock for Jan 27: + +&#x200B; + +[$86.88 close](https://preview.redd.it/bao6rvowot0a1.png?width=2012&format=png&auto=webp&s=22ba0529eae2cceb3c4df2685d1a75c93740fb12) + +&#x200B; + +Now that we have some controls set up, let's dig into some forensics and math. + +&#x200B; + +**First up: Binance** + +**Binance 7 Wallet Address:** [**https://etherscan.io/address/0xbe0eb53f46cd790cd13851d5eff43d12404d33e8**](https://etherscan.io/address/0xbe0eb53f46cd790cd13851d5eff43d12404d33e8) + +&#x200B; + +https://preview.redd.it/tbsvlnh0pt0a1.png?width=2738&format=png&auto=webp&s=f74f9cbf8b0f876b4a01b9632c57d99f56d758a7 + +We can see the first four transfers were the creation of the token. There was a transfer of 1 million Wrapped GME to Binance three minutes after initial creation, and it was the 7th transfer after initial mint. It was a straight transfer, they weren't bought. Now the math. 1 million GME at the time of transfer had a street price of $86,880,000. Binance paid $0. + +&#x200B; + +[Still sitting there](https://preview.redd.it/msx8jc72pt0a1.png?width=3154&format=png&auto=webp&s=05e5615a47fb554c3bfb44d82cb647cc83a1df13) + +&#x200B; + +Jump Trading and Genesis Trading weren't as lucky to receive theirs for free, they purchased from Uniswap and were the 10th and 11th transaction respectively. You can see below that they swapped exact ETH for the token. Let's see how much they paid. + +&#x200B; + +https://preview.redd.it/jk8g2wk7pt0a1.png?width=2726&format=png&auto=webp&s=bec690ed1ed4b902ce2f04319c7442bd850f923e + +**Jump Trading** + +**Transaction:** [**https://etherscan.io/tx/0x294b280646818a3d99fcbae739c008061a75e7fb60dc4f2d31d671eae033d58d**](https://etherscan.io/tx/0x294b280646818a3d99fcbae739c008061a75e7fb60dc4f2d31d671eae033d58d) + +&#x200B; + +https://preview.redd.it/kfbi43e8pt0a1.png?width=2740&format=png&auto=webp&s=723c8701b6d5cfad8412d1ad93aa719b1b249d5c + +Now, with GameStop closing at $86.88 and if Wrapped GameStop was based off GameStop's actual price, the total for 17,090 shares would equal $1,484,779.2, yet Jump Trading paid $1,207 for them. A little fucked, but okay. + +**Genesis Trading** + +**Transaction:** [**https://etherscan.io/tx/0x8d2b867f5fa6c95f5adaff3df9b5c53551e6eeba0ae10e31ad47550451abf519**](https://etherscan.io/tx/0x8d2b867f5fa6c95f5adaff3df9b5c53551e6eeba0ae10e31ad47550451abf519) + +&#x200B; + +https://preview.redd.it/let7nfb9pt0a1.png?width=2730&format=png&auto=webp&s=8a708381dbbe264de45c7572f1cb20a16360f1a9 + +Let's walk through this one... We can see the purchase was exactly one minute later and they bought 33,306 Wrapped GameStop for 2 wETH. Walking through the math, that's $2,893,625.28 worth of Wrapped GameStop (if representative of the actual price) that they bought for $2,416. + +# Tying It All Together + +As the tokens haven't moved since the initial 16ish hours, and those three companies alone held (at the time) $91,258,404.48 worth of tokens (if they mirrored the actual price), but did nothing with them, it looks awfully circumstantial that these were used as collateral for real world loans. Due to the atrocious bookkeeping at FTX/Alameda, I don't think we'll be able to find for certain if they were. Binance shut the fuck up, Jump Trading and Genesis Trading are both looking down the barrel of a gun for doing this very thing with FTX. If I may walk through a hypothetical here. Let's say that FTX/Alameda used the entire supply as collateral for a loan, what would that be? + +We know that there is a 10,000,000 supply of Wrapped GameStop, right? We also know from above, that tokenized GameStop peaked at a price of $414 on January 29. Rough math, that's $4.1 Billion if they waiting to get the loans at peak price. + +&#x200B; + +Now, there is an interesting footnote in the bankruptcy filings shown below: + +https://preview.redd.it/tr7x06wapt0a1.png?width=1708&format=png&auto=webp&s=070b2f280d825a366a864f37931b00dd6e2a2406 + +# Related Party Loans Receivable of $4.1 billion at Alameda Research. + +I'll let you guys draw your own conclusions. Till next time! + +&#x200B; + +# Errata and Addendum: + +In my haste to write this, I didn't double check the price of GameStop stock correctly. As everywhere has updated the price post split the actual price of the stock on Jan 27 was $86.88 x 4 or $347.42. Would change the calculations on what the tokens would've been worth at the time of mint by a factor of four as well. Arriving at the $4.1 Billion didn't change though as I used the ATH of $414. + +&#x200B; +I am new here. and also still new in trading.. well to say how far I have gone I have lost USD1200 so far from trading. i'm in my late 20s and getting bothered about having a consistent income/cashflow. My question is whether it is possible to earn a living only from trading ? + +for a very long time I stopped the regular job. nearly 6 years, been hustling since I was 15+ on monthly wages, been able to save up a decent amount of money with properties here and there. Yup have some money stashed up in the bank, and getting less than 1% yearly while spending more than I'm getting now. + +I do not' see myself going back to 6-5 jobs ever again. At this point of my life I want a cash flow. There are 131k traders here. I believe there are more than a handful of you who can give me a good answer and a sound advise/ or guidance on how to go about it. thanks +[https://www.cnbc.com/2022/08/25/stock-market-futures-open-to-close-news.html](https://www.cnbc.com/2022/08/25/stock-market-futures-open-to-close-news.html) + +Here the most important remarks Powell just made at Jackson Hole. Hope this helps. + +In his speech Powell mentioned **that 75 basis points remains an option for the FOMC september meeting. This is higher than the anticipated 50 bps.** + +Overall Fed will keep raising untill inflation is under control and referred to historic times where this failed. + +Powell also indicated **Fed will keep rates high in the longterm** to counter speculation Fed would start cutting in 2023. + +He also indicated raising rates will hurt economy and households "to some extend". + +Seems Fed doesn't want to repeat mistakes of the past and remain hawkish **so not so good news for the stock and bond market.** +Yes, it's the cypherpunk dream - To be part of a financial revolution that topples the current financial system, leading to the overthrow of your overlords, and the rise of an entirely decentralized financial system. + +Unfortunately like some dreams, that needs a dose of cold water - It's never going to happen. + +Banks in some form have been around since the earliest merchants in history. They evolved into the religious ruling class and eventually into the privately owned and government subsidized businesses you see today. + +And they're doing awesome. Every year is a record profit, paid for by **your money**. + +- https://www.cbc.ca/news/business/royal-bank-earnings-1.6152479 + +- https://www.newswire.ca/news-releases/national-bank-reports-its-results-for-the-third-quarter-of-2021-838928765.html + +- https://www.reuters.com/business/bank-nova-scotia-beats-profit-estimates-third-quarter-2021-08-24/ + +Banks in Canada are kicking ass. After all, why wouldn't they? They have all the funds in the world (Yours) to play with. Everyone who isn't a crypto nerd like us has money in a bank somewhere, and it is earning banks mindboggling record blowing profits quarter after quarter. Monopolies on people's money is great - If you're a bank. + +So, this is where Crypto comes in. Giving people an alternative revenue stream, a choice. Somewhere else to put your money, and if you're smart and savvy, a way to *permanently manage your money by yourself*. + +Banks *hate* this. Why wouldn't they? It directly impacts their business, influences their massive monopoly, and hurts their profit margins. + +The real power of Cryptocurrency and decentralized finance is *not to tear down the traditional banking structure*. + +It is to **force banks and traditional financial systems to adapt and become competitive with a changing market**. + +Every time you see a bank, credit union, or big name that previously "hated" Bitcoin offering it to their clients, know that you're a part of that change. When wire transfer amounts go down, you're part of that change. When you notice banks changing their fee structures, or interest rates, you're part of that change. + +You're helping banks move out of the dark ages, breaking down a monopoly, and gaining not only financial freedom, but financial wisdom too, which is way more important. + +Don't worry about the banks. They're going to be there, doing their thing. There are always going to be people who need a bank, whether it is trust, reliance, or just fear of things going wrong. That's fine. + +Every time you take money out of your bank to invest in crypto, you're making people in the financial system think - *"Why isn't this money staying with us, and what can we do to keep it?"* No matter what, this benefits us all. + +A competitive and evolving financial system benefits us all. Don't worry about the banks, build your own future. They'll follow suit. +I was surprised to see in the hobby threads that FatFirer's do not have expensive hobbies for the most part. I thought you guys would be posting about lavish boat voyages, safaris and such. but outside of a few things like getting a pilot's licence there wasn't all that much difference. + +The other upside I can see then is withdrawing at a lower SWR, or more broadly, having a bigger cushion to avoid depleting the savings warchest. I personally do not consider that a big benefit over RegularFire (over leanfire, yes). + +I would like to ask a pointed question then. What do YOU consider the major benefit of FatFire over RegularFire? Obviously most people not selling a company or inheriting a large sum can retire years earlier on RegularFire so I want to know why you have (or will) wait longer. + +Maybe I am approaching this from the wrong angle and the real justification is that the FatFire crowd enjoys their profession. Fire becomes a minor, possibly undesirable goal in some ways. If so that would also be interesting feedback. I still enjoy being a programmer but in another 10 years I'm not sure that will hold up. +I’m not going to release all the details right now because I want to make sure this works properly but if you trade an iron condor for a ridiculous limit price you can make a shit load of money through margin and keep doubling your money. You can’t do this instantly like the old glitch but when the iron condor expires you can use however much money you want from margin and keep doubling your money again! I’ll give you all details on Friday when the iron condor expires. As you can see in the picture you’re using 500$ of margin money and then your guaranteed 475$ credit from the iron condor, you’re almost guaranteed to double your money from this every time. I’ll tell you all how to do this step by step on Friday. And for some reason it makes you accept 18+to see the picture on imgur, I don’t know why. [Picture to prove this is real](https://imgur.com/a/QvL9mT8) Edit: For anyone who thinks this order won’t get placed, the bid ask spread guarantees it’s going to get placed! 😉 This is for GUH, analfarmer, controlthenarrative and 1RONYMAN! +2nd Edit: I’m releasing step by step details by tomorrow night! Follow me for when I update so you can see it as soon as it comes out! Also check wallstreetbets twitter! +3rd Edit: Everyone stay tuned for the detailed description on how to do this tomorrow but I will type it and release it now if someone gives me the golden fuckboy reward lol! Just remember if I release it now there’s no going back, maybe you want me to release it tomorrow night so you can do this Monday morning and it won’t get patched over the weekend! Let me know what you want in the comments! I love you all wallstreetbets! 4th Edit: CHECK OUT MY STEP BY STEP GUIDE https://www.reddit.com/r/wallstreetbets/comments/e4k0l7/robinhood_infinite_money_glitch_step_by_step/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +5th Edit (8:19PM December 1st): ROBINHOOD RESPONDED https://www.reddit.com/r/wallstreetbets/comments/e4r0sy/robinhood_statement_on_options_collateral_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Most ppl do not think this unicorn exists in the market. Two days ago i was speaking with a former investment banker. Fast forward to the end of the convo: he shit himself when I told him about these parts. Then i told him it was Gamestop. He about died at the bar. Not kidding. He also stilllll doesnt understand crypto and was asking why noone regulated it (Bit and Theri are both regulated by sec). I asked him if they regulated him and his team in 08 or if regulation was just to make ppl think stuff was being watched. He laughed and said touche. Anyways. Merry Xmas. When the “smart money” realizes whats going on 🚀 cuz it is a layup when you look at the data 😂 + +Hedgies are fukd + +Edit: yes the small low interest covid loan from the french gov. Exists but is almost free money. + +He worked for a prime. B. Ohhhhhh Ayyyyy + +Edit 2: Cash, cash equivalents and marketable securities were $1.042 billion at the close of the third quarter + +https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-third-quarter-fiscal-year-2022-results +- Complex algorithms will soon be behind more daily stock trades than humans. What if the math goes wrong? + +- Complex algos will, at some point, take over the Indian stock market. Is it fair for a few well-heeled market participants to secure undue advantages with the help of technology? + +Article link: https://www.livemint.com/market/stock-market-news/algos-are-changing-india-s-stock-markets-11578840300963.html +I know a lot of people will say that "It is crazy to take a pay cut for a remote job, you are taking on their costs working from home", but hear me out. + +A few years ago I joined Large Company which gave me the biggest raise of my career over my previous job. The first year was rough, the boss I had was horrible and their Covid policy was whack (was exposed many times and they never let employees know). However, after that first year I was able to join another team working mostly remote (go in to the office once every 2 months). + +During this time I bought a house an hour away since the remote work seemed to be there to stay. Life has been much easier, cost of living is lower for me where I am now, and I am in a great place financially (only my home loan, no other debts). + +However, in the last few months the attitude of the company and managers has shifted to requiring employees to start returning to the office. While I am still remote, it is literally months before I know I will have to return, and drive an hour or more each way. I don't hate my job, I actually love my team and the work (while sometimes boring) keeps me busy. + +Enter Small Company offering a job that is local (office is 10 minute drive) and promises indefinite fully remote work. I was contacted by a hiring person at Small Company and after a few rounds of interviews, I have been given an offer of about 6% less than I currently make and a 3% hiring bonus. On one hand it will suck to lose that 6%, but on the other I am already living well within my means and having a guarantee of remote work seems really enticing. + +I did negotiate the offer and that is about as good as they can go. + +Is this insane? Is taking a pay cut for remote work guarantee dumb? + +Edit: I ACCEPTED THE OFFER! +Thanks everyone for the comments, even the opposing opinions with valid concerns. It is always a little scary changing jobs, but this change feels like it is for the best. You can't put a price on happiness, and I know working remote makes me happy, so even if there was a small change in income it is insignificant in the grand scheme of things. +I know a lot of people will say that "It is crazy to take a pay cut for a remote job, you are taking on their costs working from home", but hear me out. + +A few years ago I joined Large Company which gave me the biggest raise of my career over my previous job. The first year was rough, the boss I had was horrible and their Covid policy was whack (was exposed many times and they never let employees know). However, after that first year I was able to join another team working mostly remote (go in to the office once every 2 months). + +During this time I bought a house an hour away since the remote work seemed to be there to stay. Life has been much easier, cost of living is lower for me where I am now, and I am in a great place financially (only my home loan, no other debts). + +However, in the last few months the attitude of the company and managers has shifted to requiring employees to start returning to the office. While I am still remote, it is literally months before I know I will have to return, and drive an hour or more each way. I don't hate my job, I actually love my team and the work (while sometimes boring) keeps me busy. + +Enter Small Company offering a job that is local (office is 10 minute drive) and promises indefinite fully remote work. I was contacted by a hiring person at Small Company and after a few rounds of interviews, I have been given an offer of about 6% less than I currently make and a 3% hiring bonus. On one hand it will suck to lose that 6%, but on the other I am already living well within my means and having a guarantee of remote work seems really enticing. + +I did negotiate the offer and that is about as good as they can go. + +Is this insane? Is taking a pay cut for remote work guarantee dumb? + +Edit: I ACCEPTED THE OFFER! +Thanks everyone for the comments, even the opposing opinions with valid concerns. It is always a little scary changing jobs, but this change feels like it is for the best. You can't put a price on happiness, and I know working remote makes me happy, so even if there was a small change in income it is insignificant in the grand scheme of things. +New account to maintain anonymity. + +Every year my family asks what I want for Christmas or my birthday. My family isn't aware of my financial situation. I still rent a small house and don't have anything extravagant. The types of things that I want are not the types of things you ask for as a gift. + +So I'm here to ask, what are some appropriate Christmas gifts to ask for? My family doesn't have a lot. I'm thinking things that are around $50 or less. + +So far the only things that have come to mind are cigars and wine. Hit me with your suggestions. +Hi Reddit, + +I am seeking wisdom on the best route toward financial stability and my own sanity/peace. + +I’m currently living in my father’s basement. I have a space for my bed and my music equipment. I have access to a bathroom and a closet. I have no access to a kitchen. The rest of the basement is filthy and littered with his belongings that he wants to go through before I would throw anything out. I have tried getting the ball rolling with cleaning up but he keeps putting everything back down there. My relationship with him is toxic. We do nothing but yell and bicker at each other. He treats me like I am his servant. I pay $400 a month. I have asked to renovate the basement (with my own money) and he has denied it. + +I am 24 years old. I have a temporary position that pays $2600 a month. I have $7000 saved. I have an apartment on hold from the market for me. The rent would be $1183. I would have to pay for gas/electric, internet, and my phone. I also have to pay for public transportation and food, etc. The position I currently hold seems like I will be a permanent hire but there is no guarantee. I don’t make a lot of money but I can for survival into the budget. + +I am unsure of whether or not I should lose my mind, suffer mentally, and save money living under his tyranny or if I should become independent and free while suffering financially. + +Not every detail is included here, I wanted to be somewhat brief. Reddit, what should I do? +I never thought I'd be writing a followup to my original post. If you missed it or need a refresher pleaz click here [but don't expect to learn anything.](https://www.reddit.com/r/Superstonk/comments/qcijxx/i_think_hedgies_might_be_stuck_in_a_4_year_ftd/) + +TLDR: I found a pattern of our runup/rundown/unusually high volume dates in 2021 happening on the same dates as unusually high volume dates in 2017. At this point it has been correct 100% of the time give or take one day. Also, its one of the few DDs that predicted a hype date that hasn't aged like milk. + +And it's still going into 2018/2022. + +To preface. I have no idea what this is. All I can say is that it's spooky, deserves wrinkl's looking into, it invalidates the fair market hypothesis, and the next date is worthy of hype. + +&#x200B; + +https://preview.redd.it/td0ju6djozz81.jpg?width=235&format=pjpg&auto=webp&s=5e849e5cc45b6f7c8ec70e1cfa24ac04048e4ead + +&#x200B; + +Right. + +So I thought the 3 month FTD/swap cycle was over after November 22nd when February had no runup. After the high volume dates in 2017 lining up with 2021 I thought we entered uncharted territories. There were no high volume dates after november 2017. The next wickeed high volume date after November 22 was + +&#x200B; + +https://preview.redd.it/vqfpq49uqzz81.png?width=1054&format=png&auto=webp&s=c1b4b8f1aebf59aab9caf2a8ce6e019174d12537 + +Yep. It called the March runup. + +&#x200B; + +I'm gona keep this one short and sweet. + +The next hype date in the 4 year cycle chain is. + +&#x200B; + +[6\/1](https://preview.redd.it/2bsusy3mrzz81.png?width=1090&format=png&auto=webp&s=efa2f83bcf3dcf30156193217e858197951d6e37) + +Yes. June first. + +I have never been more hyped for a particular date more than this ever in my life. + +Stay classy, I'll see you all at the party on the moon. +You’re all a making fun of people to hide behind your own insecurities in plain as hell to see + +Trying to use this dip to make yourselves look high and mighty over everyone else. + +How about be a community and offer support to people who actually may be panicking instead of making fun of them. + +Too anyone feeling stressed by what’s going on. This is a typical reaction after a prolonged pump see these periods as opportunities to invest a little more if you can + + + +EDIT - WOW everyone thank you so much for the rewards and I’m so happy to see thst the majority of people on here do care about their fellow man/woman! +I like this sub for the more actionable topics. There's a decent selection of wealth, age, experience, ambition, aspiration etc. Some of the better examples are: + +* [Home automation options](https://www.reddit.com/r/fatFIRE/comments/jqe7vl/home_automations_features/) +* [Sane FAT emergency prepping](https://www.reddit.com/r/fatFIRE/comments/v0akto/fat_prepping/) (think natural disasters not Fury Road) +* [What to keep in your safe](https://www.reddit.com/r/fatFIRE/comments/f1rqap/whats_in_your_safe/) +* [Using wealth to ease pregnancy issues](https://www.reddit.com/r/fatFIRE/comments/ufigyi/high_net_worth_women_who_have_had_children_what/) +* [Some general miscellany](https://www.reddit.com/r/fatFIRE/comments/ko84vx/following_some_advice_on_rfatfire_directly_saved/) + +I’m certainly missing some and looking to add more. What's your best **practical** **fatFIRE** related tips (lifehack) that works for you. +I know this depends on the country/tax state but I would like to do my homework before going on the hunt for a good CPA. + +Basically, I've been paying myself via Salary all this time and my income tax is through the roof. + +I own 85% of my company and the only one on the board. So I can pretty much do anything. What is the pros and cons of it all? I live in Canada for the record but interested in how it's done in any state. + +Some options I know are : + +* Pay myself as income (lots of taxes but least complicated) +* Funnel to Holdings company (less taxes but what other advantages?) +* Pay as dividends (basically the same as income) + +Thanks for your FatFIRE help! + +Disclaimer : I understand that the typical reply would be "Ask your CPA" but in practice I find that a lot of the outcome depends on whether I'm able to find a good CPA at all (and the time it takes). So prior to that I would like some idea. Basically this is me doing homework before the actual meeting. +“If volatility stays high, retail lags. And if I was to be a betting man, I would be saying volatility will remain high for probably throughout this year,” said Tabb, head of market structure research at Bloomberg Intelligence. “Outside of another meme stock phenomenon, it would seem that institutions are going to wind up driving flows.” + +https://www.bloomberg.com/news/articles/2022-02-05/adults-back-in-charge-of-stock-market-as-fed-awakens-big-money + +This is the article in question, it was posted around due to it’s extremely condescending tone. + +Why is the head of Bloomberg already hedging in the possibilty that retail meme stock phenomena will go back in again? They are starting to brainwash regular old bb readers. They don’t want them to know that with increased volatilty, certain hedgefunds will have liquidity problems. Infact the word LIQUIDITY is not mentioned once in the article. + +“Because of the higher volatility, a lot of these institutional investors were basically forced to rebalance their portfolios -- they’re ruled-base and they have to trade,” said Peng Cheng, a global quantitative and derivatives strategist at JPMorgan. “Whereas for retail investors, if they want to step in and buy the dip, they can. If they don’t want to, they don’t have to trade.” + +“forced to rebalance their portfolios” aka getting margin called. + +During the recent January sell off a lot of tech stocks with crazy valuations, Small caps and SPACs died. Were the GME holders also +Holding this shit? No. Well, maybe a couple here and there, but definitely not as much ad the funds that had huge teams of people piling into that steaming pile of shit. + +T🦍DR: Longs are going to win this. MOASS is the Rick Astley of the market. It’s never gonna give you up, it’s never gonna run around and desert you. YOU KNOW WHY? Cos it’s a mathematical fact. All this fuckery we endured in a year? The Head of market structure at bloomberg is still warning people ahead, that during the crazy volatility and sell offs, “memestonks™️” are gonna run. They will try to frame it as FOMO, but it’s “funds forced to rebalance their portfolios” uWu + +Buy. Hodl. DRS. Wait. Easy peasy. +Hello, + +I'm opening a Degiro account. I will follow a long-term strategy, not thinking about selling in the short term. Meaning that I'll just spend money. + +Being this the case, do I need to declare something when doing my tax declaration, e.g. if the share price rises, but without selling them? +Looking to purchase land in Iceland to develop a tiny home, for personal usage and rental income. Looks like it’s possible for Americans to own property in Iceland, after going through the proper steps. + +Has anyone gone through this process? Any tips? + +I visited Iceland 3 years ago and it’s been on my list. Truly a magical place. +\[Re-posted as I deleted the post accidently!\] + +I’m (25M) from the UK and have finally decided to start investing in a S&S ISA for the long term and want some advice on my portfolio: + +Vanguard LifeStrategy 80% Equity Fund – 60% + +Vanguard FTSE Developed World ex-U.K. Equity Index – 20% + +Vanguard Global Emerging Markets Fund A – 10% + +iShares Global Clean Energy UCITS ETF USD – 10% + +This results in a roughly 90/10 Equity/Bond split. + +My thinking behind this allocation is: + +\- LifeStrategy funds are already diversified and low cost, but I think they have too much exposure to the EU (UK specifically) which I don’t think will grow much in comparison with the rest of the world over the next 3-5yrs + +\- The next two funds will give me extra exposure to global equities (mainly US through the develop world fund), and the EM markets respectively which I believe are higher growth markets + +\- The last fund is focused on clean energy and I think one that is going to grow considerably over the years +Hey all, first post here! Just a bit of background on me: I'm a 24-year-old currently working as a programmer - I have a comfortable salary and about \~£5k put away in my current account, with an extra £10k sat in premium bonds. I do not have any specific long-term goals - I'm not looking at buying property anytime in the near future (either as an investment or an actual home, my career could see me off in some other part of the world in the near-future) nor becoming a stock trading magnate, my aim here is more to get the money I have saved working for me. + +I'm completely new to any kind of investing here, and I've never bought any stocks before or anything like that, so it seemed like a good idea to find a subreddit like this to ask for some directions - what would be some good places to start for somebody in my position? + +Hoping I'm asking the right kind of questions here, and thanks in advance for any input! +Read an article recently which said between June 2018-June 2019, 77% of Mutual fund, Insurance and FII Investments have been in Top 50 companies, 7% in 50-100 and 12% in 100-200 companies. This also explains why the Indices keep going up despite the bad economy. Basically only the stocks of top companies are going up whereas the rest are taking a huge hit at this moment. Here is my question. From an investing perspective, is it better to stick to these large companies at the moment? Or do you still see potential for mid and small caps? Another question is can a stock soar high when none of the institutions are looking at it? +P.S: In the previous two years, the numbers are 36% and 16% respectively. +A house in Haberfield in Sydney sold at auction on the weekend for $7.02m. I’m stunned. How is this even possible? + +https://www.domain.com.au/17-waratah-street-haberfield-nsw-2045-2017203446?utm_source=www.domain.com.au&utm_medium=sharelisting +We had a prospective tenant sign a lease with us to move in on Oct 1st. They also paid a $1,500 security deposit. They just texted and said they are backing out. My question is, do we owe them their security deposit back? + +Edit: Just so I can hopefully stop getting the same comment over and over, I am going to return the deposit. That was always my intention. This person was very kind, apologetic, and almost seemed embarrassed. I'm just looking for information because I would like to have the expectation more clearly outlined in my lease. In this scenario, I have more than enough time to find a new tenant. But if it happens again and I have just a couple days until the lease starts, I'd like to be better prepared for what to do. Thank you all for your responses. +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. +Hey guys, + +I hope you are doing fine. I want to share with you the dashboard I have created during these last weeks and present you all the functionalities that you could use to enhance your trading strategies. + +# - Trending Stocks Pages + +In the pages *Trending Stocks* Reddit, Twitter, Google Trends you have a list of the stocks that have been disccused the most in each of the social network. For Reddit, you'll be also able to select a specific thread and time granularity to check the stocks that have been discussed the most in these specific subreddit. You will be able to see the Current Trending Score and Previous one, to see if a recent hype is building up around a stock. Same for Twitter & Google + +# - Top Movers + +This page allow you to check the stocks that had the biggest jump in the trending lists specified above. The objective is to help you catch the trending stocks before they become too mainstream and spot them as soon they have an increasing weight in the discussions. + +# - Reddit Trending Index + +This index has been built to show you what kind of performance would you except yourself to have if you had to blindly buy the 10 most discussed stocks in Reddit. In Less than a month the performance is already **+ 142% .** + +You can check out all that at [https://unbiastock.com](https://unbiastock.com/) + +Your comments and improvement ideas are more than welcome +Hello Gang ! + +Here are the top 25 high IV stocks (**full list** [**here**](https://theoptiongeeks.com/high-iv-options-trading/) \- it's free !) using this criteria: + +* US-listed stocks only +* Optionable stocks only +* Stock price >= $5 +* Market capitalisation >= $1 billion +* Current implied volatility >= 80% + +(data from September 24) + +&#x200B; + +[high iv trading list September 27](https://preview.redd.it/j4nglvgsa1q71.png?width=1978&format=png&auto=webp&s=2365c2f261e1a53422e7098d17ae760707842e33) + + + +**Follow me** to get weekly updates + +&#x200B; + +I really appreciate your feedback and comments to improve the list ! + +&#x200B; + +\*\*\***High IV Stocks are VERY RISKY !!** We provide this list for informational purposes and do not guarantee its accuracy - This is not financial and/or trading advice - ALWAYS DO YOUR OWN RESEARCH \*\*\* +Seen a lot of discussion both ways about selling options on the high IV meme stocks and thought it'd be constructive to share a few thoughts. A couple caveats here to address some comments I anticipate: + +1) This applies to weekly expiries, on far OTM options. Selling at the money is way too dangerous. + +2) This is a little more of a vega-centric trade as opposed to theta-centric. But there's been enough BBBY discussion on this subreddit where I figure it's fine to post here. + +-------------------------------------------------------------------------- + +With the big spike and excitement in BBBY recently, I want to present why I think these types of opportunities aren't ill-advised instances of picking up pennies in front of a steamroller, but rather a great opportunity to generate solid weekly returns so long as volatility persists. + +I know a lot of those who frequent this subreddit are familiar with [the snorkeler](https://www.reddit.com/r/thetagang/comments/wse4xp/friday_bbby_snorkeling_guy_update/) from a week ago who threw away over half a million dollars selling BBBY puts. He was shamed by several commenters in that thread but I think there is a decent level of merit in selling options on a high volatility event like this, albeit in a slightly different way. + +Now as stated up top, I think their big mistake was selling a little too close to the money. Potential returns were very solid, but the risk there is a little too high. Instead I think the high IV situations provide a great opportunity once you look further out of the money. And for the "pennies in front of a steamroller" gang (which I acknowledge has *some* merit as a criticism), the trade doesn't end at expiry because these opportunities provide lots of flexibility on a week to week basis and that is where I think the advantage lies. + +In evaluating just about all of my trades, I think anything that offers a weekly 1%+ return fully cash-secured is a great return. Reason being is that the S&P 500 averages 9-10% per year. A 1% return per week annualized is roughly 67%. That obviously crushes the average return in the market and while everyone's goals when trading may differ, mine is to simply outperform the market each year (otherwise I'm wasting my time by not just buying and holding). Reason I bring this up, is that when we do see crazy price movement like we saw with BBBY, there are some trades decently far OTM which offer objectively solid returns based on the criteria laid out above (>1% RoR). + +I think the best way to illustrate this opportunity is to list out the actual trades I made over the past few weeks which netted me a profit despite BBBY dropping 62.48% from my entry. + +**Week 1:** + +With BBBY at $23/share + +STO -10 BBBY 8/19 10p for $0.13 +STO -10 BBBY 8/19 12p for $0.17 + +So here we have $300 of total potential profit here from the initial trades. Before the end of the week I closed out the 10p for $0.08 ($50 profit) and rolled it up to a 12p for a $0.25 credit as it allowed me to collect an additional $0.17 ($170) of profit. + +So we were headed into Friday with: + +-20 BBBY 8/19 12p for $0.21 (avg credit) + +Important point to consider here is that **our breakeven price for the trade at this point was $11.79**. + +This position looked just fine until Thursday night, when many of us remember that Ryan Cohen announced he had sold his shares. BBBY closed at $18.55 on Thursday afternoon and opened below $12 (our strikes) on Friday. But hey, volatility is the reason we were able to be in this trade in the first place so we knew this was something that could happen and had a plan to escape. On Friday morning, we did the following: + +We first took advantage of the insane IV off this huge overnight dip to sell 10 more BBBY contracts, this time some 8/19 9.5p for $0.28 which would net us $280. + +We then rolled down our 12p to limit the damage. As mentioned above, I feel at-the-money option strikes on these carry the most risk so we wanted to limit the damage and roll back out of the money. We closed out the 12p for $1.38, which resulted in a loss of $2,340 over those 20 contracts (ouch!). Those 20 contracts were rolled down to 8/19 10p, which we sold for $0.45 to make us back $900 (20 * 45). + +At the end of the day BBBY finished at roughly $11/share, meaning our new positions expired worthless. We're still at a loss, but here's how it shook out: + +10 8/19 10p: +50 +20 8/19 12p: -$2,340 +(roll) 20 8/19 10p: +900 +(new) 10 8/19 9.5p: +280 + +**Total P/L after week ending 8/19: -$1,110 loss** + +Obviously not ideal. But what I feel is great about these trades is that if it drops sharply against you, that option premium will still likely be elevated. So we took a look at our $1,110 loss and set up next week's trade. + +**Week 2** + +With BBBY at 11.03/share + +STO -12 BBBY 8/26 9p for $1.12 + +This one is much less convoluted than above. We were down 1,110, so we sold a batch of options which would fetch $1,344 at max profit and turn our trade profitable provided that BBBY finished the following week above $9/share. Additionally, we were able to reduce our overall position size which took some risk off the table. This allowed us the flexibility to add more if it moved further against us, as we did the morning of 8/19. + +Finally, we talked about our initial breakeven price above. With this trade, **we would break even on BBBY so long as it remained above $8.82/share on 8/26**. + +The reason I love trades like this is that we essentially took a trade with a stock at $23 and would make money if it stayed above $12ish. That didn't happen, but we are able to effectively move the goalposts and now profit if it stays above 8.82. That's a significant decrease. And *of course* it could keep moving lower, but volatility works both ways and we could drop that breakeven further next week if it continued the slide. + +Good news though, BBBY finished the week on 8/26 at 10.70/share and our trade was now profitable by $234. + +**Week 3** + +With BBBY at 10.70/share + +STO -10 BBBY 9/2 8p for $0.37 + +In a trade that further decreased position size (and risk) and dropped our breakeven price to $7.40, we sold some more OTM puts at a lower strike. BBBY wrapped up last week at $8.63 meaning these puts expired worthless for $370 profit + +**Conclusion** + +[Here is what the overall trade looked like, from my tracking spreadsheet](https://imgur.com/a/5TSVmUF) + +So overall we started playing BBBY at $23/share and it wrapped up last Friday at 8.63/share. That's a 62.48% drop. Despite that drop, **our strictly bullish cash-secured put positions turned a profit of $604.** With the average capital deployed that's a 4.05% return in 2.5 weeks which annualizes to 122.96%. You could make the point that the annualization calculation is a tad disingenuous because this opportunity won't exist every week for a year, but regardless, the 4.05% return in 2.5 weeks is an objective fact. + +Could BBBY have dropped further? Absolutely. It also could have stayed at $18 and I wouldn't have had to worry about 3 weeks of trades. Volatility works both ways. At the end of the day I think the takeaway is that high IV situations like this provide really nice opportunities for option sellers as things can demonstrably move consistently against you, yet if managed properly there is still a chance of profit. +**Edit 1: Data Dump** + +**Edit 2/3: More pages, omitted a few pages for brevity (13-18, 24-26). I trimmed out precious metal data feel free to look at the link to see missing pages.** + +**Edit 4: Thanks for the platinum award! But, save your bananas for GME! :)** + +**Edit 5: Thanks for the other awards too! You all are too kind. :)** + +**Edit 6: Holy cow this thing blew up! Thank you all for reading. :)** + +**Edit 7: Formatting issues fixed** + +&#x200B; + +Good morning all! You may or may not have seen [this post](https://www.reddit.com/r/Superstonk/comments/ni7hm1/sp_500_inflationadjusted_earnings_yield_falls/gz1pv8w/?context=3) by u/Takeshiro regarding a Bloomberg Tv screen shot. + +&#x200B; + +[Look Familiar?](https://preview.redd.it/1bkbya29hu071.png?width=627&format=png&auto=webp&s=48b9ea680165eaf5ecbd1a34412c217f6f7014be) + +I was able to find the [source material](https://archive.org/details/BLOOMBERG_20210521_110000_Bloomberg_Surveillance) (take a look at 7:50 and 7:51 time stamps) with audio and Dave Wilson (one of the hosts) points out data from Crescat Capital's monthly investor letter. Well I found it for you guys, [take a look](https://www.crescat.net/may-research-letter/) **(or look at the attached images if you don't like clicking links).** + +I have absolutely no idea what the implications of the data here is, I just want to put it out there for people to look at. + +&#x200B; + +For Cautious Apes: + +&#x200B; + +https://preview.redd.it/77054ob4gu071.png?width=620&format=png&auto=webp&s=49e1aaae5c3a4677e9b999ef9ffb932547a935cf + +https://preview.redd.it/85barjv4gu071.png?width=616&format=png&auto=webp&s=5f4532736c15cdb024103339da36c09048496063 + +https://preview.redd.it/ipl6ia75gu071.png?width=617&format=png&auto=webp&s=8c23817fd97e2c252d6207d2be20e563c107f8d8 + +https://preview.redd.it/jwi4i2i5gu071.png?width=614&format=png&auto=webp&s=a33768e0b7a81267f33164883f63c374daadcc6f + +https://preview.redd.it/feds6ws5gu071.png?width=613&format=png&auto=webp&s=f6c794afced5c8ad4e9b9d6703ff0a1a76cbb907 + +https://preview.redd.it/0pflm4c6gu071.png?width=616&format=png&auto=webp&s=efde4cfc51ff72d6edc4f126d70bcbf520af9f23 + +https://preview.redd.it/b54tstm6gu071.png?width=613&format=png&auto=webp&s=b652aa4da1ec7e0d3dac00c3fb2497a0bbf5b050 + +https://preview.redd.it/09g7n2y6gu071.png?width=618&format=png&auto=webp&s=8d34b4abe60fa96f616a4e630ed1807f20a4493a + +https://preview.redd.it/j2bn3097gu071.png?width=612&format=png&auto=webp&s=5abbea461a96e0247b91df41b73c9718ea341e1c + +https://preview.redd.it/5a5doys7gu071.png?width=614&format=png&auto=webp&s=da6646c38d25dc7c3f44c63132188c6e4176f0a7 + +https://preview.redd.it/32ps3z28gu071.png?width=615&format=png&auto=webp&s=d545d0f25f3d462a5d38b5c206ba7345341dc771 + +https://preview.redd.it/7iio0gg8gu071.png?width=614&format=png&auto=webp&s=fa042f6c3b8c7d6cbc93a4f480694722372ce6df + +https://preview.redd.it/qs0dp069gu071.png?width=613&format=png&auto=webp&s=750e5f8b194c7d4cbc835a42add8a0c0c6261ee4 + +https://preview.redd.it/1ukkn0r9gu071.png?width=610&format=png&auto=webp&s=94dc48a0627dfd9ee2b641c294ba8542e21c5f1c + +https://preview.redd.it/2379cl7agu071.png?width=609&format=png&auto=webp&s=2059b5cd404f7a951355f48bd81edd06c82f7bf8 + +https://preview.redd.it/ngnu9axagu071.png?width=609&format=png&auto=webp&s=7c7e5cf79de673113d20523172e285af3eba8289 + +https://preview.redd.it/pfn798kbgu071.png?width=611&format=png&auto=webp&s=50a72cc3792f1495f38dec5c0e7229ba9d46f3d1 + +https://preview.redd.it/mqzehu6cgu071.png?width=612&format=png&auto=webp&s=3b3f76561d2c3c26bd0c5f7af5b1688c2dd34da5 + +&#x200B; +[https://www.marketwatch.com/story/netflix-plans-2-billion-bond-offering-2018-10-22](https://www.marketwatch.com/story/netflix-plans-2-billion-bond-offering-2018-10-22) +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. +I have no doubt this will start the next bull run, but I also think there are some negatives because of the "derivatives" aspect of it with some of these platforms where you are not actually buying bitcoin itself. But this is a start of something much bigger for the future. My biggest question is how will the alt-coins fit into all this? + +[https://dailyhodl.com/2018/09/15/goldman-sachs-morgan-stanley-citigroup-and-nyse-owner-prepare-to-back-bitcoin-and-crypto/](https://dailyhodl.com/2018/09/15/goldman-sachs-morgan-stanley-citigroup-and-nyse-owner-prepare-to-back-bitcoin-and-crypto/) +I say let them. You’ll have far more important things to do than worrying about the first draft of history. + +Lawyer up. Delete Facebook. Buy a Gym. + +There will be literal careers dedicated to understanding this event. Dissertations, books, movies; plenty of time will pass for the records to be set straight. If MSM can’t figure out where the story is, or if they’re paid not to, then don’t waste your time, money, and reputation on helping them get more clicks. + +You’ll know who the real apes were, that’ll be enough. +Sorry if this is a lazy and/or all over the place post. I’m sick, isolating from my baby, and in a fog lol + +We’re moving to a seasonal town that is lovely but has its fair share of problems for locals(namely unemployment and drug use). + +My husband and I are both fully retired with 1 child but have plans for more. + +On my [my last post](https://www.reddit.com/r/fatFIRE/comments/w1zhzs/will_time_and_money_keep_the_seasonaltourist_town/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) I made about this place, one comment stuck with me. It said I have the time and resources to be the change in the community. + +I’ve really been thinking on how we can do that once we settle down there. Politics, even on a very small local scale, would not be my first choice. I don’t want to “campaign” against anyone and I don’t want to give off the impression that we are just “ rich transplants” looking to take over. I want to help and even create programs that will help locals. + +I want my children to grow up happy and healthy, I want their community to be happy and healthy too. + +For those of you who use your time and resources to give back, how do you do it? (Outside of writing a check) + +Key issues I’d like to focus on: + +Off season activities/groups for kids and teenagers + +Unemployment: big issue to fix, I know, but any ideas to throw around would be great + +Affordable childcare options + +Car repair: maybe random and niche but I often see posts on Nextdoor about families having to go without a car, looking for a cheap mechanic, etc. I don’t know why but it breaks my heart thinking of the stress they are under from unexpected car repairs. I never see any programs or charities for this and I’d like to do something + +Affordable housing + + +What are some ways I can use our time and money to at least make a dent in these hardships of the community? What do you do to make a difference in your community? +>Reporter: You lay this out in the annual report, a lot of retail investors are told that they should have a certain percentage of their portfolio in bonds. Maybe they're told 60/40, maybe they're told 70/30 stocks to bonds. That's something you should do and that's the safe way of doing it. What are they missing? + +>WB: *Some people should not own stocks at all because they get too upset with price fluctuations. If you're going to do dumb things because a stock goes down you shouldn't own a stock at all.* + +>Reporter: What are dumb things? Selling a stock because it goes down? + +>WB: Selling a stock because it goes down. If you buy your house for at $20,000 and somebody comes along the next day and says I'll pay you $15,000 you don't sell it because the quote is $15,000. You would look at the house or whatever it may be. *But some people are actually not emotionally or psychologically fit to own stocks, but I think more of them would be if you get educated on what you're really buying which is part of a business and the longer you hold stocks the less risky they become...* + + +Thoughts? Does he really mean only individual stocks, but people should still be invested in their company's 401K or other retirement plan? + + +Without stocks, people (I'm talking about US investors and retirees) are either dependent on SS, a pension (if they're lucky), savings that get eaten away by inflation or the generosity of a nonprofit/family. + + +[YouTube - CNBC](https://www.youtube.com/watch?v=lg9jPLoeWJc) +I want to be clear. The point of this post is to discuss DRSing. It is not to bully people into it. This post was made with respect in mind. I am sorry if it does not come off that way. + +One thing that apes can do that would help the process along is to request Computershare to allow international apes create accounts through Computershare so that they may register directly. Apes can send CS a request through the investor portal on their website. + +I believe apes are doing a fantastic job and am only wanting to do better. According to DRS Bot roughly 98,100 GME Computershare accounts exist. Even if all of those accounts were apes from Superstonk, that is only 14% of Superstonk users. + +If every Superstonk user registered their shares this float would be locked EASY! There are 33,609,787 shares in the available float. You divide the float by Superstonk users and you get 48 shares per Superstonk user. + +Now I know that not all apes can DRS or have 48 shares and many only have 1 or 2, but that is ok. The average shares registered per account is 155.53 currently. This means that if all apes did what they could we would smash the available float. At the current average of shares per account only 216,099 or 31% of apes on Superstonk have to register the average amount of shares which is already happening. + +31% participation in any base is very high, but this in my opinion, is an all or nothing proposition. Unless the un-registered apes believe that buying and HODLing in brokerage accounts is enough, there needs to be better penetration into the Superstonk populace to kick off MOASS. + +I know this is a complete oversimplification of the way things work, but the fact that only 14% of Superstonk has registered their shares is a bit of a problem anyone actually wants apes to be the catalyst. In my opinion it is the silent majority. I believe that it is something like 10% of users create 99% of a forum or subreddit's traffic, and there in is the issue. How do the active apes create discourse and deeper penetration of the silent majority? + +At this point it needs to be all hands on deck. All apes are individual investors that make their own minds up, but I believe the majority of apes need to come to the same conclusion. The only way to do this is to educate and discuss. Bullying is not going to work and will tear our community apart. + +If you are an un-registered ape why? How do you think MOASS is kicked off or is just buying and HODLing enough? How do we have a discussion about this? + +**EDIT**: + +A lot of apes are mentioning that they cannot post to feed the bot. The bot can also be fed by posting your shares on the other GME subs. + +Also a lot of apes like to be anonymous and that is completely understandable. Apes are a skittish group and that is just how it is 😊 Having a lower number than reality is very ok with me! + +I also understand that a lot of responses are addressing the amount of Bots and shills in Superstonk. The number being thrown around is 75% of Superstonk is shills/bots. If this were true we still should be able to achieve roughly 80% of the float DRSd at our current trajectory. Good enough for MOASS. + +Euroapes, YOU ARE ALL ROCK STARS! The amount of work it is for you to DRS is insane and my hat is off to you! 😊 I do believe that the majority of Euroape shares are incoming which is encouraging! + +**EDIT 2:** + +Maybe u/Roid_Rage_Smurf would want to verify and make it more publicly known that you can post on other GME subreddits to feed the bot? It seems a lot of apes aren't aware of the bot being used in other subs. + +To make it clear the point of this post was to discuss why people aren't DRSing, I understand that the bot numbers are not completely accurate. It is actually beneficial if the bot underreports DRS numbers. I feel account numbers going up is the most important thing, but understand a lot of apes don't want to share that. + + + +&#x200B; + +**LETS FINISH THE FIGHT APES!!!** + +[Everything you want to know about Computershare and DRSing](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[DRS Bot website (computershared.net)](https://www.computershared.net/?bot=drsbot) + +&#x200B; + +\**This is NOT financial advice*\* +I'll try to stay vague for anonymity. + +I was in my little econo-box at a stoplight, and got rocked by a fancy luxury SUV. I got sent into the car in front of me. I had minimal damage on my front bumper from hitting the car in front of me (I hit his trailer hitch - no damage to his car). My rear end was very smashed, and so was luxury SUV's front end. + +I got pictures of everything, phone numbers for everyone, and a picture of the at-fault driver's ID. I also have a police report. He said his parents just switched insurance so he didn't have a card on him. This is when I knew this was going to be a pain in the ass. + +It almost totaled my car - I needed like 4.5k of work. I paid my 1k deductible and was screwed out of my car for two weeks while they rebuilt the entire back half of the body. I ran the numbers afterward and I did net better off overall by having the 1k deductible vs. the 500, because this is the difference in deductible was overmatched by the premium savings. + +Anyway, the insurance says they will try to recover their outlay and my deductible from the guy's insurance. I call in a few times, and hear that the guy and his parents are not returning calls and ignoring my insurance company. I found out about three months after the accident that the guy killed himself (about a week before I discovered it - he was alive for almost three months after he hit me). I was shocked and felt bad for his family, for sure. I informed the insurance company, and they said they would try to go after his estate. Last week I received a letter saying that they were unable to recover anything and that since they were no longer pursuing it that I got back my rights to sue. + +Suing a dead guy seems like bad karma, and I am not really interested in having any part in adding to his family's grief in any way. I would, however, like my deductible back, because I was sitting at a stop light and got absolutely rocked by a crappy driver who was most likely on his cell phone. Is there any middle ground here? Anyone who I can call to see if he actually did have car insurance? Any recourse with my own insurance to tell them to try harder, or something? Any way to find out what his estate was like (I know he made good money)? + +I so feel shitty for asking, but I would like to know of any reasonable steps to take to try to recover my deductible without being a completely insensitive jerk. + +**Edit:** +I appreciate all of your feedback, for sure. I was surprised at the relative lack of negative comments. To address some of the common themes in the replies: + +This is in the USA. + +Originally we (me and my ins. co) did try to go through his insurance, but were unable to discover any because we were getting stonewalled. I needed the car, so I got it repaired, and paid my 1k deductible to the repair shop. The insurance company paid the remaining 3.5k or whatever it was. + +I do have uninsured and underinsured coverage, but it only covers medical costs, not my deductible for my own property. + +A few people said that karma doesn't exist - I don't believe in karma, just that on the grand scheme of things trying to extract a thousand bucks out of a young guy's estate, while his family is still dealing with it, acutely, seems like it doesn't balance out. Like, the good that I would get out of getting my money back might not be worth the bad that people would go through for that. Me eating the loss is a small negative for me, but me going after it in a shitty way would be a larger net negative overall. + +Some people seem to think that a nice letter to his parents would be the least callous, but, if I were to pursue it, my inclination would be the opposite: go through the estate and leave his family out of it as much as possible. If his estate was nothing, then I would not pursue it any further. I still haven't decided. I will probably try to get my insurance to press it further. + +I talked to my insurance, and apparently **he owned the car but was uninsured**. It was a late model, new car, worth at least 4-5x what mine was when I was hit. + +My insurance dropped their pursuit of the money (theirs and mine) when they found out he was dead. I do not know whether or not that was appropriate for them to do - they originally said their collections agency was going to pursue the claim through the estate, so now I am getting mixed messages. There seems to have been an undue delay between them deciding to drop it and notifying me of that. I don't know what kind of leverage, if any (short of switching providers), I have for getting the insurance company to pursue this small sum if they don't want to - like if they are willing to eat their loss, then they really don't care about my deductible. + +I would like to know what my insurance company's responsibilities are here, but it might be buried in a contract somewhere. I have no special allegiance with this company, and I have definitely switched insurance for a lot less, but it is still unclear to me what, if anything, they should have done that they didn't. I think that since they initially pursued the money they paid out for my car that my right to go after my 1k was subrogated, and now that they are not pursuing their money anymore I regain my right to go after the 1k personally. I don't know how much responsibility they actually have here - they are owed 3.5k by the at-fault guy, and I am separately owed 1k. As I understand it, my insurance doesn't owe me anything - they paid for most of the repairs already (other than keeping me in the loop and informed, which they didn't do, and notwithstanding the thousands of dollars of premiums I've paid them over the last few years). + +There are a lot of replies I haven't gotten a chance to read but I will be looking through them as I get a chance. I think I will write a letter to my insurance asking for a real breakdown of what was done and when, and what their policies are at each step along the way. Something is a bit fishy there, as this was lost in the sauce for a while. +A lot of personal finance advice is straightforward applications of math: Keep expenses less than income. Pay off highest interest rate debts first. Compound growth is your friend. + +Then there are obvious legal requirements and benefits: Use tax-preferred retirement / HSA accounts. Keep insurance in force. Know how self-employment taxes work. + +This post is about less-obvious ways to use "loopholes" / little-known benefits in existing US laws to your advantage. (Our friends in other countries are welcome to lobby for local versions *in their associated personal finance subs*.) + +Here are some that you may not already know about: + +Taxes / tax planning: + +- Take advantage of "[adjustments](http://www.bankrate.com/finance/taxes/cut-your-taxes-without-itemizing-1.aspx)" like IRA/HSA contributions, student loan interest, tuition, moving costs, self-employment taxes/healh insurance paid,etc., to reduce taxable income if you are eligible. You can take these even if you do not otherwise itemize. + +- If you are not a full-time student and earn less than 30K single / 60k jointly, you can use the [Saver's Credit](https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit) to get a tax credit (better than a deduction!) for a portion of your IRA or 401k contributions, even for Roth contributions. You can even deduct a contribution to get your income to qualify. + +- Gifts and inheritances are generally not taxable to the recipient. Other untaxed "income" includes most insurance payouts and damage awards; child support; some scholarships; rebates and loyalty program bonuses. Remember that loans are not income, though forgiven loans typically are. + +- You pay [no taxes at all on long-term capital gains](http://www.bankrate.com/finance/taxes/no-capital-gains-due-for-some-investors-1.aspx) if your taxable income (including those gains) is less than the top of the 15% tax bracket. That could be $95,000 gross income for a married couple filing jointly. You can can do this at any age. + +- Sales of a personal residence often have [no capital gains tax](http://www.bankrate.com/finance/taxes/capital-gains-and-your-home-sale-1.aspx) as well. You have to have lived in the house as your primary residence two of the past five years; you get $250,000 per sale ($500,000 for a couple). + +- If you rent a room in your house, part of all of your housing expenses (including insurance and utilities) [can be Schedule E expense deductions against your rental income](http://www.nolo.com/legal-encyclopedia/tax-issues-when-renting-out-room-your-house.html) (but you need to declare the rental income.) You don't have taxable income / deductions if your roommates who share the lease give you money to send to your landlord. + +- If you received a 1099 reporting income that wasn't really yours , e.g. for selling something on behalf of someone else, use a [nominee distribution](http://www.arahcpa.com/blog/don8217t-forget-those-nominee-1099s/36087) declaration to avoid being taxed on it. + +- If your spouse owes money to the federal government, use an [injured spouse](https://www.irs.gov/irm/part25/irm_25-018-005.html) form to keep the IRS from withholding your share of a joint tax refund. This is different than an [innocent spouse](https://www.irs.gov/taxtopics/tc205.html) situation, where your spouse tried to evade taxes without your knowledge. + +Retirement: + +- Think you make too much to contribute to Roth IRA? Think again! The [Backdoor Roth IRA](https://www.nerdwallet.com/blog/investing/backdoor-roth-ira-high-income-how-to-guide/) may work for you. There's even a [mega-backdoor Roth](http://www.madfientist.com/after-tax-contributions/) for high-income people with certain 401k plans. + +- Employer contributions to your 401k [don't count](http://www.bankrate.com/finance/retirement/employer-match-counts-toward-401k-limit.aspx) against the 18k limit. + +- If you change you mind about making an IRA contribution, e.g. your income becomes too high for it to be deductible, you can simply [remove the money](https://investor.vanguard.com/ira/excess-contribution) before the tax filing deadline without penalty. + +- Self-employed people have [lots of options](https://www.irs.gov/retirement-plans/retirement-plans-for-self-employed-people) for retirement accounts, including a solo-401k and a SEP IRA. This can apply even if you have employment retirement savings. + +Health insurance: + +- If you change jobs and don't have insurance coverage for a time, you have 60 days to elect continuing (COBRA) coverage, during which time you are eligible to be covered even if you haven't and won't pay for it. [This works retroactively](http://www.mymoneyblog.com/cobra-and-retroactive-health-insurance-coverage.html); you can decide to take COBRA at day 59 if you do have major expenses, pay for it, and be covered for the previous 59 days. + +- You won't pay a penalty for lack of health insurance if you have a single [brief coverage gap](http://obamacarefacts.com/obamacare-coverage-gap-exemption/), which is defined as "less than three months." I.e. May 3 to July 31 is OK. May 1 to July 31 is not. + +I've been committed to paying off my debt and it's been going very well but at a cost. + +I feel bored I rarely go out because that costs money most of my time outside of work is spent at home playing video games, watching Netflix, YouTube and movies from my collection of movies. + +Spending money makes me unhappy/nervous but staying home is getting old but going out gives me that temptation to spend. + +Is this the only way I can live until my debt is paid? +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! +I'm about 1-2 years from FIRE (if all goes well). + +One of my main worries is, what will people think when I tell them I don't work for a living? I suspect they'll respond negatively. Our society tends to stigmatize people who aren't economically productive. + +Note, I'm mostly concerned about about future friends and potential romantic partners. I don't care what the average Joe thinks. + +I suppose I could always bullshit my way through it ("I'm a freelancer!"), but I'd prefer not to build any future friendships on a foundation of lies. + +I'm also concerned about dating. I'm single, and prospective partners would probably be judgmental about my not having a job. I guess I could tell them I'm financially independent, but that could easily backfire (or attract them for the wrong reasons). +Hello Great Apes of the world! 👋 + +Raise your Diamantenhände to the sky as the markets awaken to GME in the Russell 1000! Numerous DD posts indicate that this could be a very interesting week in the markets, with a quarter end, record levels of reverse-repo participation, and the GME Prospectus hinting at several possible ways to ignite the MOASS. The German market opens 2 hours before the US pre-market; maybe we'll get a preview of things to come? 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: **$207.51 / 173,85 €** +- 🟩 115 minutes in: $207.03 / 173,45 € +- 🟩 110 minutes in: $206.38 / 172,90 € +- 🟥 105 minutes in: $206.29 / 172,82 € +- 🟥 100 minutes in: $206.35 / 172,88 € +- 🟥 95 minutes in: $206.79 / 173,25 € +- 🟩 90 minutes in: $207.39 / 173,75 € +- ⬜ 85 minutes in: $207.30 / 173,68 € +- 🟩 80 minutes in: $207.30 / 173,68 € +- 🟥 75 minutes in: $207.24 / 173,62 € +- ⬜ 70 minutes in: $207.30 / 173,68 € +- 🟥 65 minutes in: $207.30 / 173,68 € +- ⬜ 60 minutes in: $207.48 / 173,82 € +- 🟩 55 minutes in: $207.48 / 173,82 € +- 🟥 50 minutes in: $207.36 / 173,72 € +- ⬜ 45 minutes in: $207.42 / 173,78 € +- 🟩 40 minutes in: $207.42 / 173,78 € +- 🟩 35 minutes in: $207.39 / 173,75 € +- 🟥 30 minutes in: $207.30 / 173,68 € +- 🟥 25 minutes in: $207.36 / 173,72 € +- ⬜ 20 minutes in: $207.90 / 174,18 € +- 🟥 15 minutes in: $207.90 / 174,18 € +- 🟥 10 minutes in: $208.05 / 174,30 € +- 🟥 5 minutes in: $208.11 / 174,35 € +- 🟩 0 minutes in: $211.84 / 177,47 € +- 🟥 US close price: $209.51 / 175,53 € *($208.00 / 174,26 € 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 1.19360942. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Over 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! +As of December 4th Oanda will start charging a 0.5% fee on all trades that are not in your base currency. + +&#x200B; + +>OANDA charges a 0.5 % mark-up on the midpoint price at the time of conversion +> +>... +> +>It is applied to **any realised profits and losses, adjustments, fees and charges** that are denominated in a currency other than the account’s home currency and as such, needs to be converted to the account’s home currency + +[Link to Oanda's site](https://oanda.secure.force.com/?change=en_US&country=US#!/article/kA04O0000000peZSAQ/ka04O0000001Ib5QAE/) + +&#x200B; + +Is it just me or does this seem a little excessive? Or do all brokers have this? + +&#x200B; + +Already the spread is the biggest challenge for my strategy. If I had lower spreads I could get more trades at lower timeframes. This added 0.5% basically increases the spread on most of the pairs, so I'll probably just close my account with them. +We’ve all been here for a while, some of us are struggling, some of us are making some wins and progressing. + +Wouldn’t be good if we take a step back from all the TA and FA, take a deep breath, and hear some success/ inspiring story from the traders here? + +Share us your stories you successful traders! What’s your “AHA” moment, or the turning point that you’ve made that make you from negative to profitable? +Fellow investors, + +I am interested in opening up a short position on TSLA. Before I do so, three questions need to be answered: + +1) What is TSLA's fair valuation, assuming all the rosiest projections coming true? + +2) What are the possible catalysts that can mean revert TSLA's valuation during the relevant time horizon? + +The first question is simple enough. DCF suggest a $100/share today. To be safe, I will triple that number and assume a $300/share. + +The second question is trickier. Quarterly reports will keep showing double digit growth and that seem to be good enough for the TSLA bulls. Interest rate rising will affect tech as a whole, but TSLA price has been more resilient than anticipated. So what to look for in my DD? TSLA annual report in the Risk Factors Provision (see [TSLA 10K 2020](https://ir.tesla.com/_flysystem/s3/sec/000156459021004599/tsla-10k_20201231-gen.pdf), page 14) list many factors: + +* Macro economic conditions: ie. slowdown in economic growth of the countries in which it does business. Increased competition, etc. +* Much of this I think won't be a problem, but some factors are worth further research. + +3) Assuming I can answer (1) and (2), what should be the mean to carry out this short thesis? Painful experience of other shorters suggest that a put, as opposed to a straight short, is a better way to go: capping my potential loss at the expense of having a definite date and strike by which my thesis must play out. I am neither original nor a genius: the put options on TSLA even for far OTM (even for $400-500 strike) are quite expensive. Evidently, a tons of value investors have already piled in on this trade. + +Finally, I will leave you with a Michael Burry's quote: "**There is a world of difference between knowing that a stock is overvalued and shorting it.**" +Currently Deutsche Bank is trading at a 0.38 price to tangible shareholders equity. Why don’t they declare bankruptcy, slowly sell of all assets, pay of all creditors and do a final dividend payout of 1$ per 0.38$ of share? That would be a 163% return before fees and taxes. I must be missing something. + + +* People used to pay each other in gold and silver. Difficult to transport. Difficult to divide. +* Paper money was invented. A claim to gold in a bank vault. Easier to transport and divide. +* Banks gave out more paper money than they had gold in the vault. They ran “fractional reserves”. A real money maker. But every now and then, banks collapsed because of runs on the bank. +* Central banking was invented. Central banks would be lenders of last resort. Runs on the bank were thus mitigated by banks guaranteeing each other’s deposits through a central bank. The risk of a bank run was not lowered. Its frequency was diminished and its impact was increased. After all, banks remained basically insolvent in this fractional reserve scheme. +* Banks would still get in trouble. But now, if one bank got in sufficient trouble, they would all be in trouble at the same time. Governments would have to step in to save them. +* All ties between the financial system and gold were severed in 1971 when Nixon decided that the USD would no longer be exchangeable for a fixed amount of gold. This exacerbated the problem, because there was now effectively no limit anymore on the amount of paper money that banks could create. +* From this moment on, all money was created as credit. Money ceased to be supported by an asset. When you take out a loan, money is created and lent to you. Banks expect this freshly minted money to be returned to them with interest. Sure, banks need to keep adequate reserves. But these reserves basically consist of the same credit-based money. And reserves are much lower than the loans they make. +* This led to an explosion in the money supply. The Federal Reserve stopped reporting M3 in 2006. But the ECB currently reports a yearly increase in the supply of the euro of about 5%. +* This leads to a yearly increase in prices. The price increase is somewhat lower than the increase in the money supply. This is because of increased productivity. Society gets better at producing stuff cheaper all the time. So, in absence of money creation you would expect prices to drop every year. That they don’t is the effect of money creation. +* What remains is an inflation rate in the 2% range. +* Banks have discovered that they can siphon off all the productivity increase + 2% every year, without people complaining too much. They accomplish this currently by increasing the money supply by 5% per year, getting this money returned to them at an interest. +* Apart from this insidious tax on society, banks take society hostage every couple of years. In case of a financial crisis, banks need bailouts or the system will collapse. +* Apart from these problems, banks and governments are now striving to do away with cash. This would mean that no two free men would be able to exchange money without intermediation by a bank. If you believe that to transact with others is a fundamental right, this should scare you. +* The absence of sound money was at the root of the problem. We were force-fed paper money because there were no good alternatives. Gold and silver remain difficult to use. +* When it was tried to launch a private currency backed by precious metals (Liberty dollar), this initiative was shut down because it undermined the U.S. currency system. Apparently, a currency alternative could only thrive if “nobody” launched it and if they was no central point of failure. +* What was needed was a peer-to-peer electronic cash system. This was what Satoshi Nakamoto described in 2008. It was a response to all the problems described above. That is why he labeled the genesis block with the text: “03/Jan/2009 Chancellor on brink of second bailout for banks.”. Bitcoin was meant to be an alternative to our current financial system. + +So, if you find yourself religiously checking some cryptocurrency’s price, or bogged down in discussions about the “one true bitcoin”, or constantly asking what currency to buy, please at least remember that we have bigger fish to fry. + +We are here to fix the financial system. +That was insane. What did we all make of that? + +I feel we might be seeing the last, massive, markup before the dump, but good luck trying to short the top of it. The force of the run-up makes me feel anything but re-assured. I would not be surprised if the next move down is a vertical red line to 320 SPY or below. +So why people worry a lot? Just wait for development of technology and market. + +Than you will see that this capitization is what actually market (decentralized economy) needs in order to 'operate' +Here's a summary of Today's Jobs Report and why it differed from expectations. + +1. 594 thousand people ~~lost jobs.~~ have lost employment. +2. Only 104 thousand people are considered newly unemployed from that. +3. 490 thousand have left the labour force (since they are not actively seeking employment) +4. Hours worked has dropped 8% + +This is due to: + +A: Out of the \~500k+ new people on Jobseeker, the majority are NOT actively looking for unemployment. This would not usually be the case, since people on Jobseeker have a mutual obligation to be looking for employment. This is however suspended. + +B: As well all know, Jobkeeper is keeping those stood down temporarily paid to help businesses survive. Those not working and stood down are still considered employed (as would be expected). Hence total jobs lost is for now great compared to other economies like the U.S. + +Point A explains the large drop in participation, as the majority of people joining Jobseeker have been removed from the Labour Force. Likewise, they are not included in the unemployed either as they are not seeking employment. + +Expect this to have a signfiicant impact when Mutual Obligations are reinstated.(and as Jobseeker's doubling is wound back). + +**We're effectively at around 9% unemployment if Jobseeker did not have mutual obligations frozen.** + +**1.31 million (unemployed march + jobs lost april) /13.7 million (labour pool march) = 9.56% unemployment (+-0.5%)** + +**This is excluding businesses being bailed out by Jobkeeper and not considering reduced working hours or underemployment.** + +ABS Link below for Reference for Employment Classifications + +&#x200B; + +[ABS Explanations](https://www.abs.gov.au/ausstats/abs@.nsf/Latestproducts/6202.0Main%20Features15Apr%202020?opendocument&tabname=Summary&prodno=6202.0&issue=Apr+2020&num&view&fbclid=IwAR3c5NU7PR08QJMMGuw5vsFQu4t5bIHnB2wqTn60lvAHg61t9VGisnOaSxU) +Hey all, + +36, wife and two kids, 13M NW CAD + +Building off [this](https://www.reddit.com/r/fatFIRE/comments/lc56vd/at_what_point_does_it_make_sense_to_harbor_money/) thread, I want to have a geopolitical insurance policy for my family and a portion of my assets. Singapore is right for us given our Asian descent. I'm looking to attain something that is pretty iron clad in the worst case scenario, which is basically can I get on the plane and get into the country if war breaks out. Likely need a path to passport/citizenship vs. a visa or what not that could easily get turned away when chaos ensues. + +Online I see there's a 2.5M SGD investment path, but am not sure if that's actually what will get me what I describe above + +Does anyone have an experience with this? Any insight from yourself, or a referral to an agency you worked with would be very appreciated + +Thanks all +Back in 2009 or so, I found Zero Hedge and it seemed like a well-reasoned, thoughtful, informative blog, with a number of clearly articulated reasons why the Fed's actions were unsustainable, would fail, etc. Now, many years later, I see that none of these clearly articulated positions have come true. Everything they said couldn't and wouldn't happen did in fact happen. So, having missed out on the market's huge rally, I am looking for some other well articulated blog so that I can put all my money into the market and get screwed when the market crashes next month. +He declined to receive compensation for his service as director. + +Cancel is 2020 performance-vested restricted stock award = 308,477 shares + +voluntarily agreed to eminate all other severance rights + +&#x200B; + +He will be entitiled to accelerate vesting of all his outstanding time-vested shares of restricted stock. Not sure what that means but my confirmation bias wants me to think the price is going up. + +&#x200B; + +&#x200B; + +Not financial advice. I'm the smoothest ape here +Microsoft will buy troubled games company Activision Blizzard, maker of Call of Duty, World of Warcraft and a bunch of other popular games. Should provide some interesting synergy with Microsoft owning Xbox. But as Activision Blizzard has suffered serious controversy lately with allegations of serious sexual misconduct against female employees. + +What do you think? Good move? Bad move? MSFT a long-term winner or loser? + +https://www.cnbc.com/2022/01/18/microsoft-to-buy-activision.html +So Ken Griffin blames retail investors costing teachers pension funds loses, Not Allianz who literally pled guilty and agreed to pay back.. + +[https://www.reuters.com/business/finance/germanys-allianz-its-us-funds-troubles-2022-05-17/](https://www.reuters.com/business/finance/germanys-allianz-its-us-funds-troubles-2022-05-17/) + +&#x200B; + +Is Ken Griffin a court system in his head, ive yet to anything relating GME investors back to pension fund loses. Unless Melvin Cap used Teachers pension funds to bet against American companies and slam them into bankruptcy and eventually no longer existing, not sure if teacher would agree to that being the use of their retirement. + +Anyway GME investors in fact did not cost anybody but dumb short sighted hedge fund self proclaimed masters of the universe to loose billions, the responsibility is on Melvins hands and his shitty research. + +Also if you havent seen this, check it out. This has some weight it seems + +[https://www.reddit.com/r/Superstonk/comments/ut5266/melvin\_its\_a\_trap\_they\_want\_to\_show\_us\_their/](https://www.reddit.com/r/Superstonk/comments/ut5266/melvin_its_a_trap_they_want_to_show_us_their/) +# Intro + +I've posted about this before and showed proof of this "theory" working almost perfectly. I've already explained the methodology which is based on the use of T+21 and T+35 cycles. + +Using this method, i'm able to tell almost exactly on which days GME will move significantly and not crabwalk/trade sideways. The accuracy is give or take 1 day. + +&#x200B; + +# Basic Info + +**What does this method predict?** + +* It can tell you almost with precision on which days GME will move significantly more than normal. + +&#x200B; + +**What this method can't predict.** + +* It can't predict when GME will moon. + +&#x200B; + +**What else can this method tell me about GME?** + +* If used correctly, it can indicate perfect bottoms. +* If used correctly, it can indicate days where GME will be shorted. +* If used correctly, it can indicate days where GME will recover to it's pre-shorted price. + +&#x200B; + +**So what? Who cares, GME will moon anyway.** + +* Yes GME will moon. Buy, Hodl, etc. + +&#x200B; + +\---------------------------- + +&#x200B; + +# Part 1 - Everyone else's T+21 and T+35 theory + +**The 'can' or 'infinity pool'** + +The well known T+21 and T+35 graphs posted here have their own merit, they're not wrong, they simply track something specific which in my opinion is the actual 'can' or so called 'infinity pool' that's being kicked by the MM/SHFs. + +Tracking the position of the can that's being kicked is fine. I wanted something deeper than this. + +&#x200B; + +**This theory Vs the basic/common T+ theory** + +Again, the basic T+21 and T+35 theory has it's merits. Not bashing it. I wanted something more specific, accurate, granular and i found something. + +Here's the differences between my theory and the commonly known T+ theory. + +* **Basic:** It only gives me the information that there will be only **2** moves within T+21 and T+35. +* **My methodology** can show **4-10** different days in a T+21 - T+35 cycle. + +&#x200B; + +&#x200B; + +&#x200B; + +# Part 2 - The Proof + +I guess there's no point in explaining anything further unless i show proof of my claims, right? + +&#x200B; + +**So here's my proof** + +* I made 2 prediction posts on Tradingview (a stock charting site). +* You cannot edit a prediction after it's posted. So if you made a prediction, it is what it is. No editing. + +They all (for the most part) accurately predicted the days on which GME would move more than normal and not crabwalk/trade sideways. + +&#x200B; + +**Post 1 -** Please excuse the mess. I was still in the process of refining the theory. Your takeaway from this is that you need to look at the vertical white lines in the future. + +These indicate the days where GME should move more than normal (again, with a +-1 day accuracy) + +[https://www.tradingview.com/chart/GME/t15y2iPt-GME-FTD-Reset-Cycle-Update/](https://www.tradingview.com/chart/GME/t15y2iPt-GME-FTD-Reset-Cycle-Update/) + +*Press* ***play*** *and see the result.* + +&#x200B; + +Screenshots for bored folk - **Before** + +[I said it would be messy](https://preview.redd.it/1rpk38tuzz671.png?width=1571&format=png&auto=webp&s=ed9319afe5f001593414c680aea6fc5325c94d5c) + +Screenshots for bored folk - **After** + +[Very messy, but it's there.](https://preview.redd.it/mxvlmibzzz671.png?width=1578&format=png&auto=webp&s=d4ad6062b83bacf5e3e4cb54a8e72105681888b3) + +&#x200B; + +**Post 2 -** No mess here. This is where i've refined the theory and made it simple, understandable and as clear as day for anyone to understand. + +Again, just look at the white lines. That's when GME should move (again never forget +-1 day accuracy). + +[https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/](https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/) + +*Press play and see the result.* + +&#x200B; + +Screenshots for bored folk - **Before** + +https://preview.redd.it/ku7li0y400771.png?width=1567&format=png&auto=webp&s=7d064c29afc1694deb156e44666d3b4ef3b30343 + +Screenshots for bored folk - **After** + +https://preview.redd.it/dn7c4za600771.png?width=1571&format=png&auto=webp&s=1781e1b320cf9f583a38439b5fd4f2a9dd3a4081 + +&#x200B; + +&#x200B; + +# Part 3 - The doubter + +If you can do the same by using the T+21 - T+35 theory go ahead. You have proof, it's undeniable. Really, i've posted this proof before and people dismissed it. + +I posted proof above, what else do you want? I spent 3+ months building, verifying this theory into a working methodology and provided proof above. Take it or leave it or do better yourself. + +&#x200B; + +&#x200B; + +&#x200B; + +# Part 4 - The methodology & Basic Example + +The methodology is already posted in the threads below, but i'm going to repeat it one more time in case it was missed (And i do think it was missed by too many people). + +* [Part 2 - The next FTD cycle bleedout days](https://www.reddit.com/r/Superstonk/comments/nzkwkf/part_2_intraweek_max_pain_the_next_ftd_cycle/) +* [Part 3 - The next FTD cycle bleedout days](https://www.reddit.com/r/Superstonk/comments/nznccu/part_3_intraweek_max_pain_the_next_ftd_cycle/) + +&#x200B; + +**Methodology Intro - Naming** + +I personally call it something along the lines of: **"Reset or Bleed"** + +The methodology assumes that on the days marked on the chart, the MM/SHFs or are forced to deal with the effects of their shorting activities. + +On the days marked on the chart, MM/SHFs have to decide whether they want to: + +* Kick the can **(Reset)** +* Deliver/Cover **(Bleed)** + +&#x200B; + +**Methodology - Basic Example** + +I'll be explaining how the basics of the methodology work. You can derive a date on which GME will move significantly based on this. + +&#x200B; + +**Step 1** + +*Simple* + +1. Take a day where you believe a decent amount of shorting occurred. +2. Count T+21 days from that date into the future. +3. Count T+35 days from that date into the future. + +Now repeat this for all other dates on which you believe there was decent shorting going on. (Yes assume all red candles are baddies shorting) + +&#x200B; + +***Step 1 -*** *Example Chart* + +https://preview.redd.it/4d2vzeuk10771.png?width=2444&format=png&auto=webp&s=0f1ee967e4fe43d1e6794bb81b896708da490b57 + +&#x200B; + +**Step 2** + +>*Think like a hedgie. Be the hedgie. See the world through the hedgie's eyes.* + +Based on the chart in Step 1, we now have 4 dates on which MM/SHFs need to make a decision: + +1. June 14 +2. June 15 +3. June 16 +4. June 18 + +The T+21 and T+35 dates are coming up for the previous shorts, do you: + +* Kick the can **(Reset)**? +* Deliver/Cover **(Bleed)**? + +&#x200B; + +***Think like a hedgie*** + +* You have 4 dates for Reset or Bleed in the exact same week. How do you deal with this? +* Failing to deliver is **NOT** an option. + +So you **MUST** ***"Reset or Bleed"***. (Kick the can or Deliver/Cover). + +&#x200B; + +***Why is failing to deliver NOT an option?*** + +It should be fairly obvious at this point. Failures to deliver have been at an all time low since January's sneeze. + +You're a hedgie and you DO NOT want the SEC's attention on that 1 hot meme stock. + +[FTDs at an all time low since January's sneeze. If you FTD too much, someone's gonna ask start asking questions.](https://preview.redd.it/zz69vk7x40771.png?width=960&format=png&auto=webp&s=4342437af775d0c9322c829da12bc0929d738543) + +&#x200B; + +**The T+21 and T+35 Cluster** + +As we said previously above, we have 4 dates in the SAME WEEK on which T+21's and T+35's for previous shorts must be dealt with. + +https://preview.redd.it/lreb419h50771.png?width=1068&format=png&auto=webp&s=c7f08cba73acd6c69747c0ffa5f4e2aa0ef2aeea + +>**Q:** If you're a MM/SHF, what's the most logical thing to do for the above dillema? When do you deal with the underlying problem of you being too greedy and the T+21 and T+35 cycle? + +&#x200B; + +>**A:** You would **"Reset or Bleed"** ALL 5 coinciding cycles of that week on June 14 (Monday) right? Well usually yes, but in some cases this is instead done +1 day later. The reason that i suspect this is done is because of **FTD close out lock-in's**. +> +>This is a Finra or Sec rule (I can't remember) that says if you exceed T+21 or T+35 for closing out an FTD or what's about to be an FTD, they'll auto close it for you at market price and charge it to your balance. + +&#x200B; + +Now you also understand the better reason why no one wants to have pending FTD's with GME. If you have a lot of FTDs and they get auto closed out by **Finra/Sec lock-in trades** at the wrong time, they could cause "delivery/covering" at the strategically wrong time for a MM/SHF. + +Imagine this happening for a lot of FTDs at $280 a week ago. It would trigger the moass. Similarly, imagine FTD's getting auto-closed out at market price DURING the moass. Scary (for them). + +&#x200B; + +**Step 2 - Result** + +Well see for yourself. + +They made their move on the 15'th and not the 14'th as you'd expect. It's possible they're not even lifting a finger here and letting Finra/Sec's system auto-close to-be FTD's for them. + +https://preview.redd.it/9zbwann480771.png?width=1561&format=png&auto=webp&s=12c9ad14b22234e6c14a6c6efa24f206aa12213c + +&#x200B; + +&#x200B; + +# Part 4 - The Methodology & Advanced Example + +This part will be messy and complex looking but i swear it's not if you've been paying attention. Incidentally, it's also already explained [here](https://www.reddit.com/r/Superstonk/comments/nznccu/part_3_intraweek_max_pain_the_next_ftd_cycle/), but here we go again anyway. + +&#x200B; + +**Part 1 - Mapping all T+21 and T+35's for all significant short days** + +It's simple, find a significantly short looking day in the past and count T+21 AND T+35 from it. Mark those 2 dates. Repeat, repeat it a lot... + +&#x200B; + +*All "significant" short days, mapped.* + +https://preview.redd.it/6gxrwk1390771.png?width=2443&format=png&auto=webp&s=9981d25816a2a9ce8d619088bbdd4c340b3a997a + +&#x200B; + +&#x200B; + +**Part 2 - Map all T+21 and T+35's for each Week** + +Here's this week's (June 21 - 25) map as an example. More details already posted [here](https://www.reddit.com/r/Superstonk/comments/nznccu/part_3_intraweek_max_pain_the_next_ftd_cycle/) + +https://preview.redd.it/vsykczg9a0771.png?width=2107&format=png&auto=webp&s=6f65e3fc4afeb421bc50d5f63ce279014c4bea7f + +Here's the result of what happened this week. Tradingview chart [here](https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/) + +https://preview.redd.it/ny72bm3ea0771.png?width=1561&format=png&auto=webp&s=e0b5c843996312d9598cbc0bf9957214b1dbf497 + +&#x200B; + +# Conclusion + +Yeah this shit works. + +Also look at what next week looks like. There's a LOT of cycles coinciding in the same week. To add even MORE to that, the cycles ending in this week are the result of the big 5 mil share offering of GME (technically a short). + +I really wonder whether the big 5 mil offering short will cause a big movement next week due to the T+21 T+35 cycles for it all end in the same week. I think it's a question of whether MM/SHF's have enough funds to **Reset or Bleed** (Kick the can or Cover/Deliver). + +I absolutely LOVE the perfect timing of this. It coincides with the Russel Reconstitution, with the 30'th of June Moratorium of rent stuff in the US and the release of the Bank Benchmark results as well as other things. + +I truly hope this is the 4D chess RC has played with this 5 mil offering. + +&#x200B; + +**Next Week's Map** + +Here's next week but please mind you, this one is VERY convoluted and difficult to decipher due to the amount of T+21 and T+35 cycles ending in the same week. + +I've done my best to figure out the days GME will move. + +&#x200B; + +*That's a lot of damage* + +[Please ignore the circle on the bottom, it's part of THIS week, not next week. Erroneously added.](https://preview.redd.it/akgb4t8wb0771.png?width=2445&format=png&auto=webp&s=9fdd8a79735ed934eccb4c2afca1e367667d003b) + +&#x200B; + +https://preview.redd.it/33822rq5c0771.png?width=2457&format=png&auto=webp&s=dedfc30628e1d4392bca4998655a1f5f6196911a + +The mover dates/lines i added to my online tradingview chart are 30'th of June, 1'st and 2'nd of July. + +I tried my best to narrow it down, but i couldn't because next week is simply very complex and difficult to figure out and i'm winging this one based on my past experience using this methodology. + +Logically, the mover date for this should be the 30'th, but because the MM/SHF's won't touch this, i suspect we'll see another FINRA/SEC FTD auto-close out the next day on the **1'st of July.** + +Anyway again, for the millionth time, here's the link to my thing showing when we'll possibly move next week. [https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/](https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/) + +&#x200B; + +[Related, it's some of you. Get excited and accidentally sell all your GME because the 1'st of July didn't result in anything significant at your own risk. If you paperhand GME for something as dumb as a date, you deserve your fate.](https://preview.redd.it/14sq9hnfd0771.jpg?width=500&format=pjpg&auto=webp&s=dc0ebcd00a1e59a1cbe244becb8caf583899f878) + +&#x200B; + +**None of this is financial advice and i'm not a financial advisor.** +I suspect no regulation will stop the markets finding a bubble somewhere in the world to ride until the music stops. Attitudes have not changed, methods remain the same. This crash will be more difficult to bail out and the result will be either isolation and less global trade or stronger international market regulation and a form of global governance. + +Be polite I'm not an economist. :) +I suspect no regulation will stop the markets finding a bubble somewhere in the world to ride until the music stops. Attitudes have not changed, methods remain the same. This crash will be more difficult to bail out and the result will be either isolation and less global trade or stronger international market regulation and a form of global governance. + +Be polite I'm not an economist. :) +So after I graduated high school I got a job and opened my first bank account. It's in my name only, my parents have no connection to it whatsoever. At my first job I wasn't making much nor getting many hours so I switched jobs and started working 40 hours a week, making a bit more. I still live at home so most of my earnings have went into my investment portfolio which has accrued around 10-20&#37; on top of my savings. + +The problem currently is that supposedly my parents know someone who works at the bank who is telling them how much I'm making/transferring. Whenever I move money from my brokerage to my bank account I can be sure my parents will ask, "how did you get $x,xxx?" Honestly this isn't too concerning. I'm not doing anything illegal, and I like to keep them guessing. The only part that angers me is that I did not give anyone permission to see this information. Am I wrong to assume that this somehow goes against the banks customer privacy policy? + +Edit: As people have noted there are many ways they could be seeing my transactions. A popular answer is paper statements, but I have them completely off. Though there are still a plethora of ways which are entirely possible. + +As for why I don't ask them how they know what I'm doing on my bank account. They flat out told me they are getting their information from a bank teller. They said they are notified of large transaction amounts. I am the one suspicious of this, because as many people have stated this is highly illegal. However, even if this is the case I don't want to jeopardize anything over this. I'm honestly not the type to go to the bank and make a big fuss, even though it does anger me. I'm sure everyone involved just wants to do what's best. I'll just switch banks and forget about it. Thanks all! +TL;DR: Retired @ 31 - not as smooth as imagined, but still no regrets. + +I posted in one of the daily FI discussion threads on the actual day of my resignation about 3 months ago, but I've held off on posting a compete summary of financial stuff until now, mostly because I've been too busy with travel and relaxing on my own terms! + +Basic info: + +* Left work in June at the age of 31 +* IT industry +* Wife and I have been saving aggressively for the past 7 years +* "Retirement" coincided with an equity event where I converted approx. $500k company stock into cash + +So, most of you will be thinking "oh yeah well with a half million windfall anyone can retire early!". The only clarifying thing I'd like to offer here is that I stayed with the same company for far longer than most people in my field (loyalty bonus) and I also received well under a competitive salary for YEARS up until the payout. Still, I will admit it was a very lucky break to end up where I did. The only credit I'll give myself was having the courage to bail on some cushy corporate jobs and join a startup for less pay. In reality, it wasn't too courageous because I was dying of boredom at [Initech](https://www.youtube.com/watch?v=jsLUidiYm0w). + +Current finances have us (wife and I) at 1.5M net worth, with a paid off house and no car loans, etc... About 1M is invested in various stock/bond funds with Vanguard. Our expenses tend to run between $40k and $60k/year. My wife is also still working part time & self employed, which tends to cover our expenses for the mean time, allowing our principal to grow. She is still considering early retirement, but the amount of flexibility she has is amazing, so it's hard to argue against the income stream. + +In the past few months since I've left my full time job, we have been traveling for about half of the time (7 weeks since end of June). Only domestic travel so far this year, but we love seeing other countries as well and the long term plan is to include some slow international travel as part of our lives. This has been really awesome and energizing. + +Now, the other side of it - I'm already bored when at home. I have seen, time and time again, the advice given to "build the life you want, then retire into it". I was never really sure what life I wanted, so it has been quite a mental struggle to figure out what my purpose is now. When I was in my early 20's, my purpose was just to make money to survive. In my mid 20's, after discovering FIRE, it was to save as much as possible. Now? Now, it's a bit of a challenge. Every day that I don't have something scheduled, I do struggle a bit to find something to do. I'm not ready to dive back into the software world yet, because that brings up too many stressors from the past 10 years. It's a constant challenge, but I think I'll figure it out in the next few months. + +Regardless of any misgivings I have now, I can with 100% certainty say this: Not having to go to work somewhere you dread every day IS FUCKING AWESOME! +What's up fellas at Theta Gang. Not long ago I made a post about an IV tool I made called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of popular tickers. Right now it's only tracking about 300 "popular" tickers, but soon I will have it be much more inclusive. + +\*Good News: in the next 1 or 2 weeks the tool/IV tracking will be inclusive of many many more tickers. + +**What is this tool good for** + +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV or Earnings and filter by ticker. + +Here's some of the top tickers from the list this weekend. + +&#x200B; + +|Ticker|IV (%)| +|:-|:-| +|HEXO|162| +|RIG|151| +|NIO|147| +|AMC|144| +|GME|140| +|DGLY|139| +|CODX|136| +|NKLA|132| +|WKHS|123| +|JMIA|123| +|ACB|122| +|MRNA|101| +|SDC|100| +|TLRY|100| +|VXX|95| +|OSTK|94| +|HOME|93| +|GSX|90| +|CNK|88| +|JNUG|88| +|ZM|87| +|CCL|85| +|PLUG|85| +|SQQQ|82| +|M|80| +|NCLH|79| +|SFIX|79| +|APPS|79| +|SPCE|78| +|FSLY|75| +|PTON|75| +My mother is not in the picture (she passed away years ago) and my dad tells me he is kicking me out when I am 18. I do not drink, smoke, or do any drugs. I get good grades and have been accepted into a few good colleges. He is kicking me out because I remind him of my mom who he hates. There is history of Alzheimer’s in our family and I suspect that has contributed to his change in attitude towards me. I am going to be kicked out in two months on my birthday. What do I need to do to help prepare myself for that? + +Edit: thank you everyone for the responses. I am going through all of them and writing them down in a word document to get going. +all credits to [u/hooper359](https://www.reddit.com/u/hooper359/) he found it but couldnt post due to karma please direct all karma and awards his way via his history so he can be given the opportunity to comment + +https://www.reddit.com/user/hooper359/comments/osr91k/new_ipfs_subdomain_possibly_for_a_digital_games/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +I may have found something kind of interesting today. + +Ever since Gamestop secretly launched nft.gamestop.com I have been monitoring gamestop.com for new subdomains (using a python tool). I basically run the tool every few days and compare the output to the previous time I ran it and check for any differences. I hadn't ran it in a while (last time was July 15th, 2021) but I checked today and found an interesting new subdomain that appeared. ipfs.nft.gamestop.com: + +[\(script output for differences\)](https://preview.redd.it/u5jzka3e9rd71.png?width=387&amp;format=png&amp;auto=webp&amp;s=eed8bc86a730de0b97975270695c489d92121cbc) + +**What is IPFS?** + +I have no clue I don't know much about blockchain/NFTs, I looked it up: Its the InterPlanetary Filesystem. + +I found this page on minting an NFT with IPFS, [here](https://docs.ipfs.io/how-to/mint-nfts-with-ipfs/) the "How IPFS Helps" section is interesting. From what I understand it is a way of linking an NFT to a digital file, but using that digital file's hash as a content identifier (CID) which is then linked in the NFT contract. Since the CID contains the file's hash, the NFT will always lead to that exact copy of the file. I believe most of the artwork sold as NFTs nowadays are using IPFS. + +**So why is this subdomain just showing up now?** + +Is it new? I am not really sure.. It's the first time the script saw it. + +I went back and looked at the original NFT contract which had an IPFS address in it: + +https://preview.redd.it/0x5rf37o9rd71.png?width=821&amp;format=png&amp;auto=webp&amp;s=2d03627312e45d1b08df67969d3dc14d8af4c1c4 + +Which you can also view via this link using the ipfs subdomain: [https://ipfs.nft.gamestop.com/ipfs/QmaLEchFaE7FWhc4MCvYMqoTdK8rV1yfjEC5Bz4jzQRbjS](https://ipfs.nft.gamestop.com/ipfs/QmaLEchFaE7FWhc4MCvYMqoTdK8rV1yfjEC5Bz4jzQRbjS) With IPFS you can host public gateways which is basically a place for a company to host files for their customers to easily access without needing an IPFS supported application (this way apes can see it in a browser I think?). + +[https://ipfs.github.io/public-gateway-checker/](https://ipfs.github.io/public-gateway-checker/) has a running list of current public gateways, some are companies that host files on blockchain for their partners/customers, gamestop is not listed (yet?). + +**New Sub-Domains** + +[ymrTswPh.jpg (387×87) (imgur.com)](https://i.imgur.com/ymrTswPh.jpg) + +[bjWc3zrh.jpg (821×229) (imgur.com)](https://i.imgur.com/bjWc3zrh.jpg) + +Purely speculation and not even sure if this is anything new, but if it is something new then maybe they are getting ready to test a digital games marketplace hosted on block chain? Where using NFT tokens we can digitally own a game (through IPFS) and not just the license to play one. I am not super knowledgeable in this area but it's interesting the script just started picking it up, and its timely considering they just released that new newsletter subdomain as well. + +*Comments from me* + +this appears interesting as it show a potential development path for gme and signs of what is to come in the future. this could be trading of owned digital games or it could be stocks or anything. needless to say my tittys are jacking further than before and im hyped about the future of the company. all of this is without moass and just goes to show that gme has great long term value. maybe some other computer apes could do some digging to find out what this means and jack our tits higher. + +\**nothing in this post should be taken as financial advice. do your own research and dd and invest accordingly* + +💎🙌💎🙌🎲🎲🎲📈📈📈📈🚀🚀🚀🚀🚀🚀🪐🪐🪐🪐🪐🪐🪐 + +TLDR: New url created for gamestop nft pointing to potential further uses. + +EDIT. THANKS FOR THE AWARDS AND KARMA BUT I DIDN’T WRITE IT. PLEASE FIND A POST BY u/hooper359 via his history and GIVE ALL AWARDS AND KARMA ON THAT AS HE NEEDS KARMA TO EVEN COMMENT ON THIS POST. thanks + +From u/pm_me_nude_kittens + +For u/hooper359 (and everyone else): + +The NFT launched on 14 July with minimal fanfare. + +Later, one of the GameStop crypto developers commented on social media that the date was supposed to align with the planned transition to E t h e r e u m's London hard fork, which has key improvements in how E t h e r e u m handles ERC-271 tokens like this single GME token. + +The London hard fork is now expected to happen on 4 August, which is just over one week from now. + +https://www.coindesk.com/ethereum-london-fork-launch-date-august + +This IPFS subdomain looks like it was launched right as the network is becoming more hospitable for creating a digital secondary market for videogame ownership. + +EDIT: here's a comment, with a link to Matt Firestone's tweet about the GME NFT dates. This comment from u/daronjay explains how the GME NFT launch was related to this E t h e r e u m London hard fork because it will improve the speed and cost of transactions across the digital ledger. + +https://www.reddit.com/r/Superstonk/comments/oh60ea/-/h4nktys +Hey guys. So I love APT. I’m on pulse rewards, so I make a purchase with no payment due for 2 weeks, then I’ll then look at expected payments in my next pay cycle (paid monthly) then set aside the full amount and pay on pay day. + +So for instance I paid 10 instalments yesterday equalling $500 or so to clear my APT purchase from the last few weeks. I think it’s a great service, but how can they keep that up in my honest question. The cost of acquisition is only going to get higher as more competitors come into the space. + +Banks don’t need finance to support any growth in the sector and can use it a a loss leader product, and don’t get me started on how insignificant a few billion is to Apple. Loyalty won’t hold much of an argument and there is no long term way from them to truely differentiate. + +For instance, the current 15-40 year old would be across Z1P and Afterpay. But the next generation with their commbank accounts or iPhones already with BNPL pre-loaded, what’s their acquisition strategy there? More importantly, what’s the cost. + +Retailers will go for whoever provides them the best deals. For now they’re opening their legs allowing anyone BNPL provider in but long term as companies pivot away from bricks and mortar to e-Comm focused it will all be around brand loyalty and within that (maybe) having retailers start to dictate which services you’re allowed to process transactions on. + +So what’s your end game as a holder? Is this a fun ride or do you genuinely believe they have a future, and if so what is that future? + +I personally am proud to see an Australian companies innovate and be successful, but all I see is blind bulls running around singing it’s praises and never discussing the above points. + +Feel free to downvote me :) +Hey everyone, I'm 17 and will be 18 by the end of the school year. My mom and dad don't want me to live with them really, so from a young age I was told that by your 18 move out. Since I was 15 I've done numerous side hustles, jobs etc. To save up some money and in total I have around $4,778 dollars to my name. It's in my own bank account. And im earning from my side hustles + +Regarding rent, my friend who's like 20 or so I know him since young, he's in IT and has an apartment it has two rooms. One is his, and he said he can rent out the other one. It'd be $800/per month for me. There is no security deposit, and I don't have to put anything down as he told me. Just pay the monthly rent which is $800 and im good, it includes utilities etc. He said I can rent on monthly basis. + +Would it be possible for me to move out? I'm not really into fancy things or so, as long as my food, rent and expenses are taken care of im good. + +EDIT: Also I don't need a car, second my utilities would be taken care of in my rent payment, and regarding my phone bill it's $10/month. for food I know how to make good food for cheap I've done it before. Because my parents do a thing where like I have to make and buy my own food so I'd spend $100USD from my money, monthly and make food from that budget to last me 30 days and it'd work out perfectly, and it'd be plentiful so im not concerned about food expenses. + +EDIT 2: Some are mentioning stay with my parents as long as I can yeah thats not an option, they are toxic and were a\*\*\*ive and have given me numerous mental health issues. So moving out is the best choice for me, just wanting to make sure here that it's feasible because I can actually talk with others here and see if what im doing is right. + +&#x200B; +https://www.nytimes.com/2018/06/01/business/economy/jobs-report.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region&region=top-news&WT.nav=top-news + +Thoughts on the impact of the market moving forward/discussion/impact on wages or inflation? +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! + +As per title, if interest rates went back up to say 8%, would that just knock a lot of people out of their houses and collapse the housing world? The majority of people couldn't afford that. With that situation, how will the RBA ever raise interest rates in the future when it is called for? +I believe the ultimate value should be stored in Bitcoins and that most of the cryptos (except a few 5) will not hold value over long time. What is your view on this? +My wife (30) and I (34) just got home one month ago yesterday with a real cute baby boy. It turns out that these things are fairly expensive, though. Childcare at $1400 a month is going to be a bear. + +My wife was laid off from her hospitality industry job during COVID. She made about $55k. I own a small business and make about $80-100 yearly, though it varies monthly. We don’t have a lot of debt and have about 100k invested here and there, not including 401ks. + +My mom, a retired schoolteacher living on $2400 a month, is now grandbaby obsessed. She lives in a small beach house my granddad built in the 1970s. It’s on a lake, inland, now surrounded by McMansions and golf courses. Shes 3 hours away and 68 years old. She keeps coming up with these wild plans about getting month to month leases or roommates in town with us so she can see the baby more. She cannot personally afford to do these things. + +It occurs to me that I could really make her golden years much more golden and also build myself a nice chunk of equity by buying another house for us here in town and letting her live in the house we now own. Meanwhile we can rent her beach-area home on AirBnb. She takes care of the current tot, and also future tot, until they hit 4K. + +Our current home is a 2/2 at 1350 sq/ft and we gotta get a bigger one anyway when we have another kid. We paid 175, owe 150, and it’s worth around 215. For the $1400 I’m gonna pay in childcare I can buy a bigger better house in a better school district here. + +If I’m going to lay out $1400 a month I’d rather be getting a house than childcare. You don’t get a lot of equity at the local Methodist church daycare. + +Anybody see a downside with this plan, or can I actually make this work? +Finally getting some separation from the BTC selloff, that’s about all I’ve got for you this morning, just pleased to see the trend that’s been happening really starting to show. + +Happy new year +There's over 15,000 subscribers obviously we all come on at different times, cuz I have only ever seen 300 to 400 people on at a time. + +Wouldn't it be in our best interest to upvote post's about ethereum? + +We have enough people to make it to the front page, and that is free publicity, publicity means that more people will know about ethereum, and the more people that know about it means that more people will invest, and the more people that invest means that Ethereum will rise in price right? + +I don't really know how it works I'm only guessing because of the market cap and what's been circulating on the Internet. But let me know what you think. +I grew up solid middle class. My friend thought my family was wealthy because we bought a $17k minivan new in 1991 and my parents paid for music lessons. My wife grew up in low middle class, and spent time in trailers and on farms. + +Our income puts us solidly in the 1%, while our friends and family mostly come from middle class or even poverty. We recently bought a 6000sqft house for a family of 4, but 2000sqft of it is used for our business. I feel like I have to explain that every time someone visits and exclaims at how nice of a house it is. The mortgage is the same that we'd pay for rent on a 2000sqft commercial space and I feel obligated to tell everyone who walks through the house with huge eyes. + +Often comments or posts on r/personfinance or r/latestagecaptialism feel like their is utter contempt for the wealthy. However, our income probably won't last forever, so we're mining the gold mine as fast as possible with hopes of fatFIRE. I don't feel like I can communicate our strategy to most people. + +Do you feel it or are you less affected? Do you try to hide or justify your lifestyle? +*TL;DR: Set to become the best charting platform ever that passively rewards holders of it’s native token, PolyMoon on the Polygon network. Get in early whilst you still can.* + + +**MoonCharts** is powered by PolyMoon – the first SafeMoon fork on Polygon with fairer tokenomics. So already, holders are rewarded with reflections thanks to 10% fee – 8% into liquidity and 2% to holders. + + +Then, there’s single asset staking and LP staking to farm Polycake, giving holders further revenue whilst not farming PolyMoon so it’s value doesn’t drop. + + +Finally, the fully functional platform will share ad and platform revenue with PolyMoon stakers to create more passive income. + + +Now, let’s talk charts. You’ve used dextools or poocoin, or god forbid anything on Polygon right now. Slow performance, poor UI, cluttered with cheap and nasty ads or no historical data. All of them suffer with one or more of the above. + +**MoonCharts** is designed from the ground up to be high performance. Whereas other charting platforms use The Graph to ingest data and can take days to re-index, MoonCharts will take hours (and in the future minutes) to re-index. + + +This is a massive problem that many platforms are facing, from CoinGecko to QuickSwap. That means, many places that will want to partner with them to take advantage of their tech. They’re already in talks with some big names who are eager to test the alpha. + + +MoonCharts is solving this problem by creating a completely bespoke data ingestion pipeline, among other cool, unique tech, built by Google-accredited devs who worked with Google on previous projects before going fulltime crypto. (Based devs ftw) + + +Now, let’s talk roadmap. + +[Roadmap](https://imgur.com/a/5dgscCz) + +**Alpha:** Charting. It’s pretty simple but you gotta walk before you can run. The devs are working hard to solve all the tiny little bugs before rolling out sometime this month, after said bugs are fixed and performance is optimized. They want to have the whole Polygon network indexed for alpha. + + +**Beta:** UX Improvements and Mobile optimization. Once it’s in the hands of PolyMoon holders (who will have exclusive access to the alpha) the team will take feedback to finesse the experience before launch. + + +**Launch:** Once it’s live, this is where the team start to generate revenue to distribute to stakers that won’t tank the price of the charts native token, PolyMoon (looking at you Dextools). The Built-in dex tools, ad integration and leaderboards will be tastefully designed and not intrude on the experience. Rumor has it a partnership is close to announcement for the leaderboards, which will be relevant to “vetted” gems. Watch this space. + + +**Future:** Once it’s live on Polygon (which desperately needs good charts) then it’s on to every other popular blockchain such as BSC, ETH, DOT, SOL, FTM, etc. There will be platform landscapes and indexes to help you find the next gem. DeFi dashboard to help you keep track of your pile of gems and jewels. TG integration to bring more users onto the platform as passive marketing tool. And most important of all Premium Features that will be reserved for PolyMoon holders. The amount required has not been disclosed yet so grab a bag whilst it’s on sale. + + +Speaking of, let’s quick look at the J curve. For those that don’t know, it’s a great way to find out where a project is at in it’s lifecycle. If you look below, MoonCharts is nearing the end of stage 2. + + +[J Curve](https://imgur.com/a/wamEX79) + +&#x200B; + +PolyMoon hit an $18m mcap before it even announced MoonCharts, before it started heavy price action marketing. Now it’s leaving the end of phase 2 and the charts are starting to roll out, where do you expect the price to go? + + + +**🕵** **Anti-Rug Scam Programme with other Polygon Projects:** + +· STRG - Save The Rugged Guys (for Polymus refugees) + +We care about people who have lost their investments in rug pulled projects. This is why we have created a feature that will provide a cashback for certain rugged Polygon projects. Check out the anti-rug alliance here tg: STRG2021 + +**👯 Doxxed Team Members** + +· Lucas the founder and OG of LIGHTNING, PolyMoon and mooncharts.io ([Twitter](https://twitter.com/LucDeFi)) + +· SAW the Polydesigner ([Twitter](https://twitter.com/MntnHouse)) he does the eyecatching graphics + +· Addie the Webdev from Polymoon ([Twitter](https://twitter.com/peachy_crypto)) – **She’s a hottie!** + +**💸 Staking:** + +· Search for “PMOON-WMATIC” under Farms: [https://www.polycake.finance/farms](https://www.polycake.finance/farms) + +· Search for “PMOON” under Pools: [https://www.polycake.finance/pools](https://www.polycake.finance/pools) + +📲 **Main Links:** + +Website: [https://www.polymoon.org/](https://www.polymoon.org/) + +MoonCharts: [https://www.mooncharts.io/](https://www.mooncharts.io/) + +Telegram: polymoontg +Maybe this can inspire someone who needs it. + + +June 2013 - I had just decided to "retire" (change jobs) from being a college campus minister, and so I had no job and 43k in debt (25k in student loans, the rest on credit cards). The only "asset" I had was my 1986 Nissan 300ZX, which was breaking down from my lack of money to maintain it. I was engaged and knew I had to do something so after 3 months of job searching I finally got a job doing IT work (I have an associates degree in IT) in another city. I was offered 42k a year salary. I move there and live with some family friends to save money and save up for a car. After 2 months I buy a 99 Nissan Altima for 2k cash. Not much money went into debt except the required monthly payments. + + + +August 2013 - I get married and my wife and I find an apartment to move into the week before our wedding. We looked at some really dumpy places for $600 a month, but I didn't feel safe in those neighborhoods at pretty much any time of day. So we settled on a apartment in a somewhat nicer part of town, closer to my work, that was $800 a month. That was as low as I could go and be comfortable living in my own apartment. + + +This is when things really start to take off. My wife is a very frugal person (she lived in Africa for a few years with nothing), and we help each other when we wanted to give in. We took most of the money we received from our wedding and put it towards the debt, starting of course with the highest interest CC. Mine weren't too bad honestly since I've always had good credit even with the really high utilization. The most I was paying was about 13% (it's crazy to me now that I ever paid that much) + +We saved everywhere we could. For the first months she stayed home and found every way to save money to put towards debt. She cooked every meal, and we didn't do anything but spend time with each other(worked out for the newlyweds). We had a strict budget and spent that to the dollar. She would go through the grocery ads and find things on sale and that's what we ate that week. We only had 1 car (my old one being broken), and so I drove to work and back and that was it. No where else unless we had to go. I made my own lunch every day (while all my co-workers went out) and we didn't go out drinking or really anywhere. We might go see our family and friends but we never ate out. We did have a TV I owned, but we just used an OTA antenna I had and watched our movies we already had on DVD. + +Pretty much the only items in our budget were Rent, Water/sewer, electricity, internet service (lowest I could get), groceries, gas , car insurance, and then debt. My work paid for my cell phone and I got my wife a Republic Wireless phone that cost $12 a month using our internet. + + + +Nov 2013 - I get my wife a part time job at my work, making $10 an hour. She has a degree in nursing but we wanted to have kids so we always planned for her to stay home. Since she works at my workplace, we keep the 1 car and ride together. Now she brings home around $800 a month which all goes to paying the debt. I also start getting some overtime at my job and that helps a little as well. We are literally paying maybe close to 2k or more a month now to the debt. + + +Oct 2014 - A year has gone by and all the credit card debt is all paid off, and we are just working on my much lower interest student loan debt. But now we find out my wife is pregnant! We are so happy but we really don't want to raise a child in our apartment in a sketchy part of town. In the year or so we've been there, we'd seen some bad things that would make you shudder. So we consider how we could buy a house in a better neighborhood. We decided that a home right now was more important than the debt temporarily, especially since all the loans were under 6% interest (majority of it was at 3%). Also they kept raising the rent on us and it had gotten to over $900 a month. + +I also was getting some overtime at my job, but I was moving up quickly. I was able to negotiate a 9% in place raise when I set up a meeting to review my hourly rate. This put me up around 47k and maybe a little more with overtime. So instead of saving now for the debt, we stopped and started saving for the house. Just put the minimal in all the student loans. Also I did fix up myself my old 86 Nissan, and so we had 2 cars now. This was good so that my wife could stay home more days and rest and go out if needed. + + +Jan 2015 - So we start looking for a home with a realtor, though I'm not sure why. We did all the work looking through homes and all he did was just set up the times to go look at them. We went out about 5 Saturdays and looked at about 6 homes each time. We would find one we really liked in our price range but then someone else would get it. Or there were ones we liked and weren't under contract, but they weren't willing to negotiate down in price. Then one day I found this perfect house randomly on a website, for sale by owner. I drive by and there's not even a for sale sign on it so I have my realtor talk to him and we negotiated an offer for 219k. It was a high amount for what is usually considered reasonable by this sub, but I knew I was going to be making more money soon and with our current budget, paying that mortgage wasn't that much more than our rent. + + +April 2015- We Closed on the house, the seller to pay all the closing costs, we even got a home warranty in there for free. We had only enough cash for 10% down, and I accepted that since the PMI wasn't much with my credit score. And I was able to get 3.75% interest on the house with no points, which was great. I spent $80 on a moving truck and did it all ourselves. + + +May 2015 - We started putting that extra money back towards the debt again, though obviously less than before. And my wife had stopped working around here, so we lost that extra $800 a month. + +July 2015 - Baby born! This threw a big cost at us, since my work's health insurance deductible was at $5000. I had some of that in my HSA, but 4k or more came out of my pocket. Plus all the other expenses that come with a baby,It was a stretch but not too bad. Our good budgeting helped immensely. + + +August 2015 - The guy above my position was fired because he was horrible at his job and I was doing all the work for him. They then promoted me to his position and pushed me up to 55k a year salary. No more overtime, which sucked because it had really been helping us out. But I did get a bonus if the year was good. + + +Jan 2016 - I made the last payment to the student loans. I got paid an extra paycheck and I got a bonus and that was enough to finish it off for good. It was the greatest feeling, like I'm free! And I found out we are having another baby! Another $5k to pay, hah. + + +So moral of the long story, you can do it on a reasonable salary. You find the cheapest place to live that you can, and you put everything to your debt. Sell things, work extra hours, do whatever you can to get it gone ASAP. Live as cheaply as possible, and it's a minute by minute decision. You don't need to spend $2 on a soda when water is free. You don't need to buy a new car when it won't cost that much to fix your old one. Be determined and it can work. + +I left alot out because this is already too long, especially some specifics, feel free to ask and I'll try to reply. + + +Edit: Yes I agree title is misleading on having no debt, I owe $190k on my house still which is debt. + +Edit 2 : You can believe what you like, but our wedding money was around 2k. So we are talking about 30 months, which is $60k of money at the average rate of 2k a month. Sometimes more and sometimes less. And anything else I could get my hands on went to the debt. So this is definitely possible to do saying I paid off the 43k and put down 21k on the house in the 30 months time frame. I don't print money in my office, obviously there are other things that help like tax returns, bonuses, Christmas gifts, some odd jobs, and sold some car parts. All things that are fortunate to have, but something most people use for things other than debt. I know not everyone is as well off as even I was, but I want people to know it's possible to get out of the hole if you work at it. Every situation is different. The whole point is GET OUT OF DEBT BY ANY MEANS NECESSARY AS SOON AS POSSIBLE. + +So, I won £50 million the other day - any suggestions on what to do with it? + +I was thinking Premium Bonds or a BTL property or 2, or maybe some cryptocurrency? + +Buying a old home in a historic district in an east coast city near (30 min) the beach. The house is structurally sound but a bit wonky as is to be expected. This was confirmed by the inspector and a structural engineer. It’s a 4 bed, two bath, two floor 1520 square feet. My wife is a designer specializing in renovations and can draw builder ready plans in CAD. With background out of the way here are some questions I’ve got: + +- the house will need all new HVAC. It has duct work but it’s probably in terrible shape. We’re looking into high velocity systems or a mini split system (possibly the cassette systems that can be set into the ceiling). Any experience with either? + +- plumbing will likely need to be replaced. We were planning on doing the kitchen and bathrooms but it might need all new supply lines/drains. Should we go with PEX for supply lines? Assume it’d be easier to run through old house walls than pipes. + +- the house is plaster and lathe. We will definitely be opening up walls for the above work. Can drywall people patch P&L walls with drywall and make it look good? I assume they’d need to build it up possibly and/or skim coat everything? As crazy as it sounds would it be better in rooms where we open up the walls a lot to just take out all the P&L and replace with drywall? + +- we are pretty handy and did lots of work on our current home and served as GC for the project (pulled permits, managed subs, managed inspections, etc). When it comes to demo in old houses anything to look out for? Any tips or specific tools to use to make things easier? + +Edit - doesn’t have knob and tube wiring. Modern electrical added in last 20 or so years. + + +Your responses or links to resources are greatly appreciated. + +Thank you all in advance! +Loss of $2.31 a share including compensation expenses + +Analysts at Thomson Reuters estimate an adjusted loss of 20 cents per share, more than the 19 cents expected + +Revenue: $150 million reported vs. $158 million expected by a Thomson Reuters consensus estimate + +Global DAUs: 166 million reported vs. 167.3 million expected by StreetAccount + +ARPU: 90 cents reported vs. 90 cents per share expected by StreetAccount + +Now down 24-25% AH (5pm EST) + +http://www.cnbc.com/2017/05/10/snap-earnings-report-q1-2017.html + +https://investor.snap.com/news-releases/2017/05-10-2017-210059250 +I've been getting a few more than usual **"How should I allocate my crypto portfolio?"** messages. The first answer I think of is *"I don't know"*- I don't know anything about your unique financial circumstances, your risk profile, etc. That being said, I thought I'd share a very simple portfolio which I would likely implement myself if I was starting from scratch today. This isn't financial advice, and you need to do your own research. But this is what I would recommend to my family and close friends to start with through small amounts of money. + +*What would I put in my portfolio if I was creating it today?* + +75% ETH, 25% BTC/BCH. I recommend holding the BTC and BCH in one-to-one proportions- so if you have one BTC token, you also hold one BCH token. + +*What do I personally hold today?* + +I am 99% ETH, and I am comfortable with that. I've started diversifying with new fiat into very long term holding positions of BTC and BCH, mostly as a hedge. But I will not sell my ETH to rebalance into those projects- nor would I recommend that you do so. The taxes will kill you. + +*Why 75% ETH?* + +I believe Ethereum currently has the greatest potential to be used as a mainstream blockchain, both for a variety of back-end and front-end distributed applications. If it is successful, it will become the backbone for the next evolution of the internet- with built in security and monetary features (two things the original internet design neglected). The Foundation team is exceptional, and the network effect is absolutely unmatched in the space- with hundreds to thousands of projects being built on top of it. Many of the coins you see on CoinMarketCap are actually running on top of Ethereum itself. While it has had an incredible run in the past year, it has the potential to go much, much higher if it becomes that new security/economic foundation. I personally think trillions of dollars worth of market cap. ETH will also yield income in the form of staking returns (1% to 8%) under Proof of Stake, if you choose to stake it (on your own or in a pool) to help operate the network. + +*What about ERC-20 tokens?* + +As a general rule, I personally do not recommend investing in ERC-20s. You are statistically more likely to pick the wrong ones than the right ones. And many struggle to outpace Ethereum returns. + Ethereum alone has plenty of risk and upside potential for most. Also, realize that when you buy an ERC-20 token, you are assuming the risk of not just that project, but also all of the risk inherent to buying ETH itself. That being said, if you want to buy ERC-20s, cap your investment at 20% to 25% of your total ETH holdings. + +*Why 25% BTC and BCH?* + +This is tough to answer. I don't really believe in the value proposition of BTC or the dev team behind it, but the problem is that the broader market doesn't care what I believe. Many view it as digital gold, and I think it will go much, much higher in the near-to-mid term. Long term, keep an eye on if its value proposition holds up. Until then, BTC is still the biggest and most important coin in crypto. Most of BTC's value proposition is realized, while only a fraction of ETH's is. This creates more implementation risk for ETH, but I also believe there is greater upside potential if they are successful (especially in implementing scaling solutions). + +As BTC goes, the market often also goes. I hope to see ETH properly decouple from BTC, and that could even happen within the next year. That decoupling will also make it more logical to hold BTC as a hedge against ETH. As for BCH, do your research on it if you don't understand it. But for now, it's easy to simplify it as an alternative vision for BTC- that is trying to be widely peer-to-peer cash and a store of value. I don't know if they will succeed, but it is a good and simple hedge for BTC. + +*Should I trade between tokens to make more money?* + +Probably not. The short term capital gains taxes will hurt you. Ask anyone who just filed for 2017 here in the US. Many thought they'd be making a lot more money than they ended up making. I prefer to buy and hold quality / important projects and let the gains compound over years- thus deferring my tax liability. And if you have to ask, you should never use margin. My rule #1: *do not borrow money to buy crypto*. + +*What about other hot coins? Should I buy them?* + +I think most of those coins may not exist in 5 years, but what do I know? I only feel confident about the three I've mentioned. Anything else could be / already is being done on top of ETH, BTC, and BCH. I believe this space will evolve in a way where just a few coins garner the vast majority of the network effect and thus monetary value. Ethereum in particular, with scaling solutions like Proof of Stake, Sharding, and Plasma will make it exceptionally extensible for nearly any kind of dapp. If you insist on buying any other coins, I would limit those investments to no more than 10% of your overall crypto holdings. This is conservative, but I like to make and keep my money, not lose it gambling by taking excessive risk. + +I hope this little write-up helps some of you. And just to restate, this is not financial advice. Please do your own research. But consider this like a signpost to help you figure out how to get started. + +By the way, if I don't respond to your messages (and I don't 95% of the time), please don't take it personally. I get busy, and I prefer to have more of an open discussion so that others can learn and participate from it. If you want to reach me, I recommend just messaging me in an open comment. +I’m currently in my late 20s making about $410k/yr and a current net worth of about $250k (it was closer to $350k before the market tanked this year). I’m on track to saving about $250k-$275k per year. (If I end up marrying my girlfriend in the next few years, household income will rise to about $600k+/yr not counting any income growth on my end) + +My goal is to coast professionally when my net worth reaches about $1M-$2M in my early 30s and then fire when I’m somewhere around the $3M-$5M mark (I’m on the fence if I want to climb to $10m or not) + +Currently almost half of my net worth is in my 401k which would be pretty inaccessible if I were to retire in my mid-late 30s. Question is: Should I continue to max out my 401k each year solely for the tax benefit so should I focus more on building up my brokerage account more by only contributing the minimum to my 401k to get the employer match? +With record low interest rates, cash savings in HISAs are being eaten up by inflation and tax on interest. For those of us who can’t afford property yet, where can we put our money in the meantime so that it’s not whittled away? + +I’ve maxed out super contributions and have a small ETF portfolio, but I’d like to purchase a home in the next 5 years or so, and am little cash heavy as a result. Seems to be the worst time in history to be a saver! +I have worked for a major computer company now for 10 years. I was deemed an essential employee and worked every day on site during the pandemic while 85% of my coworkers got to work from home. + +Some new employees recently started and it turns out they are making 20% more than me. I understand that in the current labor shortage, companies are being forced to pay higher wages to entice people to join. + +I do not need the extra money, and my job is way to good to consider jumping ship. I was given a 3% cost of living raise last year and this year. But I cannot help but feel a little hurt that after working every day on site during the pandemic, my company values new random strangers off the street, more than me who has been loyal for 10 years. + +Not sure what I should do, if there is even anything to do. I’m possibly thinking about applying to other companies and trying to leverage any potential offers. Any advice would be appreciated + +EDIT: Everyone keeps asking why I feel my job is too good. I am responsible for a machine with a special laser that does not get used much. I work 10 hour days and spend 2 hours tops a day doing actual work. The other 8-10 hours a day are spent hangin out. I get a 3 day weekend every weekend. I live 1 mile from work. My house is paid off. I get unlimited drinks and snacks from vending machine. They pay me $100k a year. I do not think I could find this someplace else. + +EDIT 2: People are mentioning that my job should be giving me more responsibilities. This is not possible because a 30 minute response time is critical to the chips if they need the laser. Native oxide builds up on chips over time, also while the chips outgas and remain uncured, their chemistry changes. My work cannot give me additional responsibilities because if I get stuck working on something else while the laser is needed, I may not be able to get the chips under the laser in the specific amount of time. I went to school for this and there is more understanding and critical thinking needed than just pressing a button. +I thought it might be interesting to contribute a post on my limited 5 year experience in health care on the value of fitness and taking care of your health. + +I work in primary care which is preventative health and management of chronic conditions, as well as gatekeeping to other specialities. + +This is a combination of finding and treating bullshit unavoidable stuff (cancer, accidents, weird viruses, autoimmune disease) but the bulk of practice is treating diseases of lifestyle with expensive pills and surgery. + +The consequences of obesity: + +The classic overweight 50 year old guy will require: + +Pills for diabetes. 200-800 dollars a month. Pills for gerd. Sleep study and cpap machine for apnea. Cholesterol medication. Joint replacement at 60 or so for 40k. Blood pressure meds add another 50 dollars or so. Eventually your back will probably suffer and you may end up in pain management as well. 20 percent or more of patients with all the above will have a major cardiovascular event (thousands of dollars) despite all my best efforts. Without a doctors efforts these diseases will slowly take their toll by your mid 50s usually if they've been chronic. + +Add in smoking: + Inhalers for copd 1-200 a month. Extra cardiovascular disease. Strokes, heart attacks, clogged arteries to your major limbs. Eventually oxygen. Once you hit 6 liters you can no longer use airplanes or trains to travel. Many cancers can cost hundreds of thousands to treat. + +Stress: +I treat dozens of people for job related anxiety. It feels wrong, but they cant quit because of their choices earlier in life. This affects sleep, appetite, relationships. They end up on pills to maintain their lifestyles. + + +Do not neglect your health on the path to FIRE. The bulk of my job is treating lifestyles with pills. I always push the alternative but most don't take it. I charge a lot of money to do that, and the drug companies charge a lot more. + +Don't smoke. Dont drink too much. Dont get fat. If you're fat, get unfat while you're still healthy enough to do it. Take care of your mental health. See a doctor once a year once you're 30 or so they can head off some of the preventable bullshit. This will save you tens of thousands of dollars. + +Happy thanksgiving + +Also, dont seek out medical advice on the internet it's a bad idea (Twitch plays fix your complex autoimmune disease has a bad ending). Therefore I wont give medical advice beyond the above +Not sure if anyone considers it when buying property, but there's talk that sea levels could rise by as much as 3m by 2100, and potential ways in which a 9m rise could happen. +Obviously the majority of us will be long gone by then, but kids born today will be alive. + +If you're buying property you intend to stay in forever and pass on to your children; makes sense to check the whole thing won't be flooded. + +I'm about 60m above sea level. I checked the area before I bought. But the place I moved from is now at risk of flooding sooner than that, and flood defences are being installed. + +There's also a new estate (<20 years) near to us, which is flagged for a further 2000 houses over the next decade or 2, yet a sea level rise of 4m would completely flood the valley it lies in unless some serious flood defences are built. + +Leasehold are big in the news at the moment, but this seems to be a bigger medium/long term risk that doesn't get mentioned. + +I checked [floodmap.net](http://floodmap.net). + + +Anyone agree or disagree? +Thoughts? +So I separated from my partner last year and he went off the deep end (addiction issues) and hasn't financially contributed. I have struggled to maintain the mortgage myself as I have a small baby and her childcare costs are crippling. + +I do now have a solicitor so I am hoping things between me and ex will be resolved soon, but its a very slow process when you are working with someone who is has lost mental capacity. + +My mortgage company completely refused any payment holidays or payment plans. At one point they were calling me 3 times a day but couldn't actually help me when I spoke to them. I sent them the police reports showing I was a victim of domestic abuse but they really didn't care. + +I raised a complaint and they closed it and found themselves not at fault. Is it worth contacting the ombudsmen? +NOTE: Thank you for the overwhelming amount of generous offers to buy me a blanket or comforter and send me fabric, but I'm fine. I have other blankets. You're all wonderful, but you're missing the point of my post. I'm making a duvet cover, not "patching together a blanket," and patchwork quilting is a classic art that I was taught by my grandmother. I don't want to sew it on a machine. I want to do this the way my grandmother and mother taught me. + +ORIGINAL POST: +I'm decluttering, and in one box I found a bunch of fabric, including half a roll of muslin I had forgotten I had. There isn't enough fabric of one kind to make a twin-sized duvet cover, but if I make a big-square patchwork quilt, there will be enough. There is enough muslin to make a back for it, and I have an old sheet I can use to back the quilted part, since it won't be showing. + +The stuffing on the comforter I have is still fine, but the outside is pilled and worn. I got it as a gift from my deceased mom, so I hesitate to just get rid of it. This way, I don't have to. I can just make a nice duvet cover and still have my comforter with a bright, pretty new washable cover. + +The most it will cost me is for the thread. I don't have a sewing machine, so this will all be hand-sewn during down times when I'm watching tv or relaxing. +Should we be travelling to California or Spain or somewhere for the best clinic? + +I'm not sure this is something you can throw money at, but I wanted to ask if anyone here had some advice or experience. + +We've done 3 sessions of iSCSI IVF. +1. Eggs didn't make it to day 5 to transfer +2. 2 embryo transfers.. No pregnancy +3. 1 embryo transfer.. No pregnancy +In most of these cases lots of eggs/follicles, but hardly any make it to day 5. + +Egg quality is poor(dark?), as is sperm motility and shape.. Hence the isci. We're 41 and 40. So while we had the last kid naturally 3.5 years ago.. We've been trying for the last 2.5 years no luck. + +She always told me we should have kids and women have trouble at 40, I just figured no no.. Science can help us if needed lots of people have kids late. We have lots of time I told her.. +Well I fucked up.. And she may have been right. +All I did was work and put off having kids. + + +This ivf stuff with meds and the long gaps between cycles is terrible. It's hard on her and I want to know if going to a clinic with the highest success rates will increase my chances. I read some of the highest success rates are in Spain.. But is that cuz the locals just need the slightest nudge vs more help. + +The money doesn't matter. We just want another kid that's our own genetically, as opposed to adopting. Is there a way to better our chances? + +I know we're very fortunate to have the one little guy, who is amazing. We just want a sibling for him. + +Thanks, I know this is a unusual post for fatfire. +>Loss per share: $4.72, versus $3.12 expected + +>Revenue: $3.17 billion versus $3.36 billion expected + +https://www.cnbc.com/2019/08/08/uber-earnings-q2-2019.html +I once was so low on money and was waiting for a paycheck to clear, that I had to call out sick at work and sit at home with a dry washcloth in my underwear because I had no money to buy pads or tampons during my period. Since then, whenever I have a bunch of change to turn into bills or 5 bucks in my pocket, I buy a random on-sale box of pads or tampons, so I'm ready in case I have no extra money when my period hits. This can also be done with soap, a quality deodorant, or a toiletry that you don't buy regularly. + +Edit: Due to medical reasons and much trial and error, I myself do not use a Diva Cup (I use the heaviest flow OB non-applicator brand of tampon instead), and I can't take hormonal birth control. These are all great things, but they just don't work with my body and pre-existing conditions. But I'm glad everyone is posting tips! +I was suggested from my old post, that while I'm studying for my bachelor of social science I should try move from retail into the health field casually so I can finish my studying faster and gain experience/network before I graduate. +GOOD NEWS I called about 15 places, jails/hospitals/nursing homes/disability houses/rehab clinics etc and dropped the old 'I am after some help and wondering if you had any internships or some work I can do to gain experience' as it's always a good ice breaker and people seem to always like talking about their roles this way when I ask for advice. +I had one lady reply and actually said to me that I should apply for the role even though I have no experience as they will teach me what I need as I go along and even offered to sponsor another certificate IV while I work for them. It's a NSW health job and would be an extra 10k above what I get now + I get more study time. I have sent through my resume and she said a retail is good for this role, you would know good time management, patience, and already work with many different people from many socio-economic backgrounds. I will wait to hear back from them but thanks again for helping me take a step in a better direction. Even if I don't get it I will keep job hunting and keep in contact with them so if another opportunity comes up while I'm studying I cant apply again. +As Buffett has said, “The stock market is a device for transferring money from the impatient to the patient.” + +*If you lose money in the market, it’s because of a decision you made — and if you make money in the market, it’s because of a decision you made.* + +The market is going to do whatever it’s going to do. + +**But you determine whether you’ll win or lose.** +August 10th is July 41st. It is also 90 days after RC’s supposed meeting with the SEC (see his [tweet from 5/12](https://twitter.com/ryancohen/status/1392649234944507906?s=21) + +GME also stated that the DTCC has 90 days to distribute their dividend or else they’ll take matters into their own hands. + +[This tweet from April ](https://twitter.com/ryancohen/status/1381829698263654401?s=21) suggested something big was gonna happen on a Tuesday. August 10th is a Tuesday. (The Culver City GameStop location is next door to a Tuesday Morning). + +We know GameStop was rumored to need the London fork for Ethereum to be completed before launching their NFT. That finished this past week. + +Now RC tweets [referencing this post](https://www.reddit.com/r/Superstonk/comments/ovdtis/gme_entering_next_week_like/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) about something big happening next week. + +Jacked + + +Edit: keep those titties jacked, but a reminder that I did mark this as a shit post as a lot of it is conjecture +Welcome to all the new apes 🦍🦍🦍 we are all kind to each other. Ape no fight ape + +Edit: 130k apes!!! HOLY MOLYYY. I think I’m gna cum. Somethings cooking up and I’m up for it ����🚀🚀🚀 +It's been about four months since we've rolled out [/r/AskEconomics 2.0](https://www.reddit.com/r/AskEconomics/comments/9cj512/announcing_a_new_policy_direction_for/). Most people will agree that the quality of answers on the subreddit have dramatically increased. In that sense the change has been successful. + +However, on the back end of the sub we're having issues keeping up with the work load. The modqueue regularly builds up larger than 50. We've also been getting a lot of complaints about answers not being approved in a timely manner. + +[I wrote up a script to determine who the most active moderators are.](https://i.imgur.com/4mIlIL3.png) Red-Flair mods are doing the bulk of the work. In addition to ramping up the number of Yellow-Flair mods we have on staff, we're going to be issuing a couple changes. +# Moderation Guidelines +This isn't really a policy change per say, it's just some guidelines to help make the job of moderation a bit easier. If I'm looking at a top level comment and I'm having trouble deciding whether to approve the answer, I rely on the following heuristics quite a bit: + +1. User history - if the user has a long history of good answers on AE then my threshold for approval is lower. **[PLEASE EVERYONE INSTALL MODTOOLS](https://www.reddit.com/r/toolbox/wiki/get). We need to start leaving more modnotes - if a user gives an especially high quality answer then simply leave a modnote saying something along the lines of "good answer on monetary policy" for example.** Also keep track of exceptionally poor answers and all instances of rule breaking - for example "Rule 1 - called a user 'a dipshit'". +2. Does the answer contain links or at least references to sources? If so, then my threshold for approval is lower depending on how reputable the source is. NBER? Great! EPI? Meh. Zero Hedge? LOL +3. How many other quality answers are already in the thread? if there's already a really good answer in there then really there's no reason to approve a one sentence answer, even if its correct. +4. Has anyone else answered at all? Often times a post will be several days old and no one will leave an answer. my threshold is lower here. +5. Nature of the question. This is a bit complicated - but sometimes politically contentious topics invite shit shows. The GWG for example. My threshold is much higher on these threads. Other times the question could be so simple that it warrants a simple one line answer. +6. So I'm told that not everyone realizes how [the modqueue](https://www.reddit.com/r/AskEconomics/about/modqueue/) actually works. When AutoMod removes a comment, it gets sent to the modqueue for approval. Even if the answer is bad, you need to hit "remove" in order to clear the modqueue. Leaving the comment there without actually removing or approving will mean that a bunch of comments will just accumulate in the modqueue over time! + +None of these are precise rules, they all require discretion. The reason we modded you is because we trust your judgement so don't be afraid to use discretion. + +# Reddit Gold Subsidies + +I've decided to start giving out gold to the top three most active yellow-flaired moderators. For 2018Q4, those mods are /u/SmallEconomist, /u/RobThorpe, and /u/Randy_newman1502. I will give out gold again for the most active (starting from today) yellow-flaired mod sometime in the next 3 months. I'm not sure if this will be a regular recurring thing yet, but for now I want to try it out. + +# Ping System + +In order to encourage more yellow mod engagement, I'm going to try to import /r/Neoliberal's ping system into /r/AskEconomics with some changes. Here's the system I have in mind: + +- We'll create a couple ping groups in particular areas like "MONEY", "FINANCE", "CAREER", "TAXES", "ENVIRONMENT", and so on. Basically broad topics we get frequent questions about. +- All mods can voluntarily join any ping group. The idea is that people will choose areas they have more expertise in. I like monetary policy so I'd add myself to the MONEY ping. +- Mods can ping the groups by including "!ping MONEY" in any comment, and the bot will send DMs to all the mods signed up for that ping group. +- Only members of the ping group can actually use the ping command, except for Red Flaired mods who can ping any group. + +I'll try to get this ping system set up in the next couple days. I'll make sure it easy to opt out of the ping system if you don't want to DMs from here. + +Thanks for reading yall. Let me know if you have any feedback on any of these changes. Modding this sub has been great. +It seems crazy! The country has only 18,000 people or so. And as per Wikipedia it relies heavily on tourism and agriculture. Yet the country manages to have a GDP (PPP) of $16,000 putting it near to the world average. + +How does the country even have such a high GDP (PPP)? + +I know that it receives assistance from USA. But does that actually translate to better living standards for people? +Sorry if this is the wrong sub to ask this question. I work at a place where they will only keep x amount of full time positions and the rest of the team as contractors even though it is not intended as short term employment or frequent replacement. I'm just wondering what the logistics are. +Good day, I'm a freshman taking AB Economics (i really thought this would take less math). + +My first year is proceeding not as I've expected it thanks to our math subjects. Algebra for this year, two calculus for next. Econometrics, Math for Economics, and Statistics are following. The term is ending and I'm planning to self-study mathematics before things take a wrong turn. But studying from scratch would just lead me nowhere. I even saw, from an earlier post I made, that trig is barely used but our subject is Alg + Trig. + +I won't say I'm terrible in math but I also won't say I'm good in it. I'm just pretty average who didn't take calculus during high school (regretting I didn't, thankfully I did during middle). + +&#x200B; + +So can anyone provide me a grasp of what topics I should focus on? + +Here are what I know: + +Algebra + +Calculus + +Statistics + +&#x200B; + +But these are too broad, tbh. I do know, however that I need to focus in Algebra is Linear Algebra, yet not disregard the others. Also I should learn a lot about matrices. In calculus I'm not really sure but I did see some online videos saying that it'll mostly be about optimization, differentials, and integrals. For statistics, on Linear Regressions. + +&#x200B; + +Statistics may be difficult, yet that's the only subs we're allowed to use tools so I really wouldn't focus on that much (still i'm planning to study it). Can anyone provide me the topics I should focus on and focus on the most. Espeically with econometrics and all the scary ones. + +&#x200B; + +Thank you for the help! I'm falling in love with the program! +Sometimes I wonder what is the point of scrimping and saving in order to FI/RE with the rising costs of health care in the US. One medical emergency can set you back $10-20k. One bad diagnosis (cancer, etc.) can you set back $100k-$300k in treatments, if not $1MM. Insurance is supposed to prevent this, but sometimes they don't pay. Insurance premiums for a family will cost $10k-20k / year unless you have a good employer sponsored plan. + +It's a fear of mine that I would have spent several decades of my working career to FI/RE, only to have my savings and investments wiped out for medical treatments. + + + + + +Hi (18F) graduated high school in 2020, so I have social anxiety and I don’t consider myself smart. My Sat score is an 850, GPA is a 2.5. I want to be a real estate investor. I was wondering if it would be a good idea to major in college for business management for my personal development. I don’t have any logic in networking, communicating, or anything that involves business or sales and also my grammar isn’t well enough. I want to be as prepared as possible to be in the real estate investment world. + + +THANK YOU ALL FOR THE ADVICE!! I APPRECIATE YOU ALL!❤️ +So my parents have not been very responsible lately. They're both unemployed, went on a cross country motorcycle road trip, have no savings, and know I learned that my mother is spending a week in Hawaii. + +They now have over 40k in credit card debt. They've asked me for money multiple time (I'm in college and barely have enough to get by as it is) and now all of the credit cards we share are over drawn. + +I have my own cards that I'm incredibly good with, and these cards we share are killing my credit score. I've asked multiple times to have them remove me from them, but they keep trying to get me to pay them off instead (The total is more than I even have in savings). + +Sorry for the rantyness and /r/relationships type post. I'm just really frustrated. + +Is there a way I can contact the credit card companies and get them to remove me from these cards? + + + +EDIT: Thanks for all the replies! + +Some more info: + +Company is capital one + +I am only an authorized user + +I tried calling, but they said only primary card holder can remove authorized users. + + +Final Edit: + +I left work early and went to capital one. They removed me with no problems. Thanks again everyone! <3 <3 <3 +I know you’re hoping for the MOASS as much as me, but you guys sometimes need to chill out. +Elon Musk doesn’t give a shit about GameStop, deal with it. Yes he tweeted about it in january when it was on the mouth of everyone, and he always jerks with these things because ppl (especially wbetters) kinda love his personality. +But no, he’s not selling cause he wants to fuck SHF. He’s selling cause all of this fluff of rich taxes, it’s just a PR move from him. +Now we don’t give a fuck about it, as much as I like Elon, this kind of stuff is totally unrelated. +And you’re delusional if you think this will do anything to SHF. +SHF were long in TSLA since that shit was half the price it is now. +They’re in deep green and even a 30% drop (which will never happen by any chance) wouldn’t do anything. +Plus, I believe they’re also green on the swaps. +They shorted the meme stocks back in january from all time highs, knowing they would’ve blocked the buy button. +The only way for let them close these positions is by locking the float with a proof (DRS), and hoping GME would do something about that. +They will never get margin called, the margin call would’ve been there already otherwise. +They’re not afraid of 180, 230 or 350. +Remember folks, in january the premises for margin calls were there and the NSCC/brokers refused to do so. +No one will ever get margin called, Elon or not. +And he can’t purchase GME stonk ffs, keep being awesome keep DRSing and don’t act like these retards on twitter praying to him for a meme with a shit dogface coin. +Buy Hodl DRS, love you +I get constant calls (at least 5 a day) from people who want to buy my investment properties from me. Most of them I purchased as replacement properties in a 1031 exchange, so I had to purchase them in my name since the relinquished property was in my name. Also, this means I can't really sell for 5 years even I if I wanted to, which I don't. + +What is the best way to stop all these calls? +Hello PF, + +I'm 24 and currently work in sales for a software company. I live in Illinois and my pre-tax income is 70k. I've got 10k invested (mix of 401k and Roth IRA) and a 3000 dollar emergency fund. I have no credit card debt and I bought my car with cash I saved (2010 Toyota Camry with 80K miles on it). + +I have about 27k (started at 36k) in student loans that I'm making more than the minimum payments on each month (4.5% interest). I live with my girlfriend and our rent is $1650 per month which we split in half so my rent payment each month is $825-ish. + +This info might not be super relevant, but I figured I'd include some rough numbers on my situation. Basically, I'm worried that there is a strong chance that we'll see a 2008 level recession in the next 3-5 years. Assuming we do see a recession in that time frame, what can I do to pad myself against any major dip in the economy? + +My parents were put through the ringer when the 2008 recession occurred and it put a major strain on our family. I also know that my dad in some ways was able to make it work in his favor (various real-estate investments etc). What can I do now to prepare for a possible recession, and assuming we see one, what can I do during the recession to maximize my gain when the market comes back. + +Thanks! + +EDIT: WOW thanks for all the responses and feedback! Sorry If I don't get back to some of you right away, but I'm going to dig through some more replies when I get back from work. +I see a lot of people on here recommending I bonds, but I feel like there has to be a catch? Is it really as simple as it seems? + +I know I would only be keeping up with inflation and not actually increasing my $$ value, but it still seems like there should be a catch. + +I want to invest in them but need a little nudge. +Little Shapes NFT is a Twitter user with 26.4k followers. He mostly posts about NFTs and particularly his project called Little Shapes, supposedly the "first NFT's ever generated with a physics engine". + +https://preview.redd.it/bjp7bh8jht8a1.png?width=669&format=png&auto=webp&s=427a912281dbc0c3d4823b49a738a3e9308c36c5 + +The account had gone inactive after 24 June 2022 for unclear reasons. Today, on 29 December, the account posted for the first time, explaining that he had been in a car accident and a long coma. His initial post was very positive. + +&#x200B; + +https://preview.redd.it/85stxwmtht8a1.png?width=635&format=png&auto=webp&s=77551342c755db86e9daeaa769af62621cd9e22b + +Shortly after, he checked his FTX account, and found out that his funds are gone. + +&#x200B; + +https://preview.redd.it/nqwuklp7it8a1.png?width=633&format=png&auto=webp&s=3cf2d1fba03596da93619794f71286bedbda2893 + +A few hours later, he posted again, stating that he will tell his wife how much was in the account tomorrow. I assume it was a large sum. + +&#x200B; + +https://preview.redd.it/0kt224igit8a1.png?width=655&format=png&auto=webp&s=940b46fc8f2d9cd92ab399945164790ba59da6e8 + +What a crazy story. We joke about being away for a long time (jail, coma) and coming back rich. Never thought of the other way around... +*From GoPro Investor Relations*: "In June, we will begin production in Guadalajara, Mexico of our U.S. bound cameras to support sales beginning in the third quarter," said Brian McGee, Executive Vice President and CFO. "We expect most of our U.S. bound cameras will be in production in Mexico in the second half of 2019. As stated previously, our decision to move most of our U.S. bound production to Mexico supports our goal to insulate us against possible tariffs as well as recognize some cost savings and efficiencies." + +https://finance.yahoo.com/news/gopro-move-most-u-bound-233211017.html +Hi there! + +By no means am I an experienced trader, etc. I'm the most amateur of the amateur. One example, I dipped out of AABB at 0.27 hoping to get back in on a dip only to see it rise to 0.45. That's okay. + +Either way, I came here just to remind everyone (and myself), that DDs are created at the benefit of the creator, not you. Sure, sometimes you get some good upside, but look at it this way: A DD is created to sell us on a stock not solely but primarily for the benefit of the creator of said DD. It's a harsh world, and I'm not discrediting anybody or any DD, just trying to remind everyone to be cautious and be aware of peoples true intentions. And most of all, DO YOUR OWN RESEARCH! + +Thank you and take care! +Their last statement said individuals affected by the breach would receive written notification by October 8th. The website said I was affected, then it said I wasn't then it said it wasn't sure. I already have an active crediting monitoring service since my identity was already stolen once years ago, but is there anyway to know for sure if your info is really compromised? + +EDIT: Whoa, I was expecting only a few yes, no, maybe's. Thanks for your answers and/or 2 cents on this ridiculous situation. +Hi! I'm currently making my list for university (only 9 days left...), and Econ is ranking pretty high on what I *want* to study. The only problem is - a lot of people are saying its not a lot of jobs. Honestly I got the impression about it being the opposite, that its pretty versatile and opens quite a few doors... But yeah, a lot of people says its better to go for the "BACHELOR IN ECONOMICS AND BUSINESS ADMINISTRATION" (at the same time the news are writing that too many gets this degree, which is something I've also thought about as a lot more people take that, compared to a pure economics degree). And I'm also not that interested in finance etc.. + +So, does any one here have a bachelor/master in economics? What kind of job do you have? How does your workday look like? Do a degree in economics open up for international work? + +(I was thinking about posting it in grad school panel, but I'm not sure its the same, as we don't have grad school here; you either have to take a bachelor (3 years) then master (2 years) og a 'full master' (5 years)). + +I'm paying $1251 a month for a 770 square foot 1 bedroom apartment and that's considered "cheap" to a lot of people. + +I'm seeing people pay up to $3000 a month for 1 bedroom apartments in California. + +The only truly "cheap" places are in bumfucknowhere with no jobs or prospects to make a decent living. + +My question is, how sustainable is this? People are spending all their money on a building they'll never own and I can't imagine this is good for the economy overall, but great for property management companies and landlords. + +Is this one of those "let the market speak" or is government intervention going to be necessary? If so, what kind of intervention? California has tried rent control and it hasn't helped at all. Their issue is lack of inventory. +Yesterday, I had a discussion with my brother who is a libertarian. And he would argue that the government is the principal cause of monopolies with their regulations. + +I can understand that regulation tends to create oligopolies. For example in sectors that are extremely regulated (in Europe) like energy, for a new company to compete with a large existing one is almost imposible. + +But we can see in sectors that are less regulated like tech companies, monopolies arises everywhere like Microsoft, google, etc. + +Can someone explain if there is a relation between regulation and the tendency for monopolies? Or the other way around. +I am running a snack bar for my office and do the shopping at Sam's Club. The pallets of soda are $11.52 for a 35 pack which is $0.329/soda. Standard 12 packs from Walmart are $3.68 which is $0.307/soda which is about 7.3% lower than Wholesale. Any ideas? +This is a developing issue that could have widespread global consequences. + +What’s everyone’s opinion on how this plays out and the implications? + +My opinion is that Australia is in significant trouble if the worst occurs. If Evergrande collapses, demand/ sentiment for property in China will collapse with it. Real Estate accounts for ~30% of China’s GDP. This will impact one of our largest exports considerably as global demand for Iron Ore will plummet. + +Further to this, how much Australian property is owned by Evergrande itself ($147B in assets) and how much Australian property is owned by the investors who will wear significant losses as a result who may be forced to sell assets to cover the loss? + +On top of this, a collapse of this scale may send China’s economy as a whole down the gurgler which will raise their unemployment and reduce their manufacturing and exports. Something that would impact us considerably considering a lot of our imports come from China. + +Discuss….. + +More information: + +https://www.google.com.au/amp/s/www.news.com.au/finance/business/other-industries/evergrande-is-an-economic-time-bomb-for-china-and-potentially-australia/news-story/4cb490a62a6628b3e5533075c68576d7%3famp +My parents have essentially no savings, and own a condo with a little bit of equity in it. I've already accepted that I will be responsible financially for their retirement. They also don't have jobs that provide health insurance so one major health issue could result in them falling apart financially and losing the house (lien against it, etc.). + +My wife and I had the idea of us buying their house and continuing to let them live there. They can pay us rent until they are no longer able to, at which case I will just pay the mortgage going forward. + +Should my parents fall on hard times due to medical debt or need to file for bankruptcy, they couldn't come after the house since my parents don't own it anymore. Is this correct or is it more complicated than this? + +Edit - Wow thank you for all of the replies! I did not expect this to pick up traction like this. Wanted to address a couple of key points that keep coming up: + +1) We live in Virginia. + +2) It isn't that my parents are exactly bad with money. They didn't even come to America until they were on the older side. They simply don't make much money. + +3) Healthcare is a killer in America if you don't have it. As evidenced by this thread. +Allow me to get evangelical about my love for BOG. If you just want a quick rundown, check the lightpaper at [bogtools.io](https://bogtools.io/lightpaper.pdf), otherwise, allow me to wax lyrical on why this is the best new token on BSC right now. Disclaimer: I hold and stake BOG since day 1 of the project and am still buying and staking now. + +First off, the usecase and tokenomics of this project mean that BOG is absolutely not a typical BSC shitcoin. However, it will revolutionize the BSC shitcoin trading game. Do you love to trade garbage like HarambeDoge Protocol, PonziBomb, SafeBetelgeuse, and RUGIN24? Is your strategy for trading these to get in and out like a thief for a quick 10x before the hype dies or the devs disappear? If so then you'll definitely want to read on. + +Bogtools is a suite of dApps for use on the Binance Smart Chain, centred around oracles that can be deployed for any token on the BSC, regardless of whether they are listed on any exchanges. + +The first app, released a few days after launch, was BogCharts. This uses the oracles to display a price chart for any token on BSC. This is neat not only because many projects do not have these until they are listed in places like CMC and CoinGecko, but also because the data shown is gathered directly from the blockchain, instead of an exchange ledger. This gives more accurate and up to date charting than is available elsewhere for BSC tokens, and allows developers of new projects to have an accurate price chart from day one. + +The second tool to be released was a verifiable random number generator (RNG), which uses a cryptographic function to prove that the number has not been tampered with in any way. The fact that this can be audited and proven to be reliably random means that it can be implemented in other projects that require it, such as casinos and lotteries, or anything that requires chance to function. + +The third (and most important) tool is slated to arrive on or before the 2nd of April: [limit orders](https://imgur.com/a/dZgeyzf) for Pancakeswap pairs. This will be implemented on the Bogtools site, and will allow you to create limit buys and sells on assets tradeable on Pancakeswap. This will be tested for reliability on 4 (four) token pairs to begin with, then rolled out to all assets shortly thereafter. Stoplosses will follow shortly after that. This is a huge deal for anyone who trades BSC shitcoins. Currently if you want to trade a newly created token, all buys and sells must be processed manually. "What if saferug moons while I'm asleep?" will never be a question you need to worry about again. + +The devs have stated that this can be improved upon in the future to activate upon a variety of specific triggers such as a dev wallet removing liquidity. You will be able to setup an order to sell all of your saferug *in the same block* as the trigger activity takes place. Meaning that you will be able to trade these ponzicoins and rugmoons with **significantly** reduced risk. If you as a reader of r/cryptomoonshots cannot see the immense value in this, then I don't know what to tell you. + +In order to implement these dApps, the user must pay a flat fee (pegged to USD) in BOG. The fees will then be distributed to stakers, used to pay the gas fees, and sent to the development team in order to grow the project. The fee for limit orders will be $2.50, paid in BOG. + +Currently, the token has a 4.5% fee on all transactions. This is sent directly to stakers' wallets. The devs have stated that this will in time be dropped to 0, in line with the rewards from dApp users rising. This is being done with the intention of keeping the staking rewards healthy, and has led to the kind of devoted community that cheers any and all price action because it pays stakers handsomely. Check out the Bogtools Telegram on a day where crypto as a whole is correcting and you will see no panic. + +"So wtf is bogged.finance?” you ask. This is where the project gets really cool IMO. Bogged is an ARG which incentivises users to hold and stake BOG in return for rewards in an ever-evolving game which is currently in its very early stages. The pregame had players coordinating across every social platform to reveal clues hidden inside scrambled audio clips, decode cyphers hidden in promo videos, and scrabble around in Minecraft servers looking for a password, in order to start the countdown to the real game. It really brought out the best in the community and it makes me very excited to see where the game goes. The two material things that have come out of the game so far are the Sminem NFT's and the NGMI token. + +The NGMI token is given to you whenever you sell BOG. This token cannot be traded and is intended as a mark of shame that will forever mark your wallet as unclean. It is speculated that this will have some effects later in the game, and potentially in the governance protocols that will be introduced later in 2021. + +Sminem NFT's were available to the first 500 people to claim them. However, you had to stake for 24 hours to get the chance to claim him, and holders of NGMI were barred from claiming. + +To have no NGMI, a Sminem and an untouched stake is considered a huge badge of honour in the BOG community. Who even knows what will come next, but the devs have stated there will be some more features to the ARG coming very soon, in addition to another round of 250 Sminems for those who were unable to claim one last time around. + + +So, on to the important questions: + +Q: When moon? +A: BOG has its biggest feature being released in 6 days. There is over $250k in the marketing wallet. Confirmed mentions from some major crypto YouTubers coming up imminently. Code is original, useful and innovative. Market cap is still very small at $16m. No presale, fair distribution. I won't say it will definitely moon but the ingredients for moon are all here. Just don't expect a quick 10x overnight, as the liquidity pool is very deep thanks to all of the staking taking place. + +Q: Who are the devs? Do they inspire confidence? +A: There are 2 lead devs, John and Luke. Luke is self-doxxed (socials, face and voice) and John plans to do the same after Bogtools is incorporated. They have done 4 (four) discord AMA's in which they have come across as intelligent, motivated and trustworthy. You can find these on [YouTube](https://youtu.be/vFdfDuz9Fqk) and listen for yourself. + +Q: OK, I have BOG. Should I stake it? +A: Only you can decide this. Be aware of the risks of impermanent loss (IL), but also be aware that early stakers have already doubled their stack. It should be worth it if you set and forget, but may not be worth it if you plan on unstaking soon. Ask on Telegram and you will get some well informed, yet weary answers (this makes up a good chunk of the debate on there). + +Q: What is the major FUD against this project? +A: Firstly, that ETH fees will decrease to the level where BSC becomes irrelevant. Devs have answered this by saying that if ETH fees are lowered to BSC levels, they will launch Bogtools for ETH as well. + +Secondly, the question of "if this is doable, why haven't Pancakeswap implemented charts and limit orders themselves?" Bogtools has first mover advantage here, and if Pancakeswap was able to do this, they would have done it already. Seeing as their code is not original (it's a fork of Uniswap), there is little likelihood of them implementing this in the near future. + +As of right now, the market cap is $16 million, which IMO is very small for what this project may deliver. This is not a clone or a fork, it's an original and innovative project and a real boon to the whole BSC. It should go far. + +ANSWER ZE CALL + + + +TL;DR: BOG gud +What did you do to get the job? What do you have in terms of certifications or degrees? It seems like a lot of people are earning that nowadays and I just don't see how. +I most lost money on a day like today, myself included. But having some short calls kept it from being worse. Now just need to dig out on the long side! +There are too many people benchmarking themselves against SPY, especially when it comes to wheeling. If you wheel ATM strikes on stocks traded on the S&P with no regard for market conditions, rolling, or management, you are likely to underperform SPY. Wheeling will only outperform SPY if you are wheeling volatile stocks. Don't wheel indexed ETFs. If you wheel in order to reduce your volatility and pull some extra income (which is what the wheel is for), consider benchmarking yourself against your own goals and risk tolerance. + +**If you really want to outperform SPY, just buy shares of SPY and sell covered calls at the 0.09 delta each month, and roll if it is looking like you'll get assigned. Take profits at 50%. You'll outperform SPY every time.** + +There are a number of reasons why benchmarking yourself against SPY is not even a valid goal. + +**1)** There are a ton of other benchmarks you can use that are equally valid. VQ and QQQ are perfectly valid benchmarks for tracking your performance. If you usually buy and hold speculative growth stocks, consider QQQ instead of SPY. SPY is not even the best ETF for tracking the S&P500. VOO has 1/3 the expense ratio of SPY, and outperforms over 5-year periods. Benchmarking against SPY is totally arbitrary unless you are running your own diverse portfolio consisting of just S&P500 companies. You can also make yourself feel good about your performance by benchmarking yourself against cash, which is where most people our age keep their money. + +**2)** SPY is an arbitrary benchmark people select based on vanity. They want to "beat the market." There is very little reason to set your goal as beating the market. SPY can end a year 5% in the red, and you have not accomplished anything by ending the year 1% down instead. The only thing you have satisfied is your vanity of having done better than an arbitrary benchmark. On the other hand, SPY may have a 21% year. If you are up 18%, don't kick yourself for underperforming SPY. You made 18%. + +**3)** It has been notoriously difficult to outperform SPY since 2008 because we are in the most bullish period in market history ever. Wheeling does not perform well in such strongly trending markets, and LEAPS or shares are very likely to outperform most other investing methods in these conditions. You can get around this by selling deep OTM covered calls and rolling when assignment is likely, and accepting assignment only when you anticipate pullbacks so you can sell ITM cash-secured puts. In sideways markets, more sophisticated options trading like straddles will perform the best, wheeling will outperform buy-and-hold, and holding shares will underperform the others. 2018 was a great example of this. + +Pic: My portfolio \~40% wheel, 50% buy-and-hold, 10% LEAPS, <1% other spreads. + +https://preview.redd.it/e12b2nidttq51.png?width=895&format=png&auto=webp&s=42f01d556f20f6ee5aebcc0773d7a0ff104ef30e +Full story: I got my free robinhood account, deposited a whole $1 to start. Messed around with penny stocks which split and doubled/tripled my initial deposit. Then I bought 1 share of SEED which soon split and for whatever reason gave me an additional 99 shares all at $10 each. I sold and bought an option on AAPL which quadrupled, and left me with $1800 after only starting with $1. I felt amazing, that I would soon grow that money into thousands of dollars, etc.. It was obviously all luck, and I quickly lost all of that money. I haven't given up though, but I realize I need an actual strategy and tools to use to make decisions based on something other than my gut. I don't necessarily want to be a day trader, but I definitely don't just want to be an investor either. I started from scratch and made a goal to grow my account by 10% per week, without risking a lot like I did before. (1 week in, so far so good) + +TLDR: Thought I was a genius, lost $1800. Starting over, looking for advice and tools to help me identify what trades to make. +A 2 or 3 would have less chance to occur even if there is more profit. A 1:1 would also be the most consistent with higher chance of take profit hitting. +Scenario: You and your 4 younger siblings (aged between 26 - 15 yrs) have inherited a combined $22,000 from a deceased parent. It has been agreed by all that you are to invest and sit on it for 5-10 years, if not more in the hope of turning it into a larger inheritance for all. How do you invest the money? + +I don’t have very much experience with trading, so I’m interested to read how you would invest the money. +I had put in shorts but then doubted myself and squared them off because I had a doubt if I am right or not. Now I am regretting that. I could have made thousands had I not squared them off. +So I currently make about 0.16% a day day trading which is like 3% a month but when I swing trade I can make upwards of 20% in 2-3 months. Am I just bad at day trading or is swing trading better? + +I trade on the TSX +(Toronto stock exchange) if that makes any difference. +The disappointing miss in jobs created in April (+266K vs expected +978K) and the downward revision of the March number (from +916K to +770K) show that the jobs market still has a long way to go before full employment is restored. This validates the Federal Reserve’s current insistence on not reacting to forecasts and to wait for actual improvements to show before starting to talk about talking of hiking interest rates. + +This reinforces our view that the money printing party will continue till further notice. That just means asset markets will party on till then. +I need some inspiration from people that made a living from trading. My question is, are there any traders that actually live from trading only? All I need is to hear a positive answer from people that are actually successful. +I left a review of my experience with the [housers.com](https://housers.com) platform in Trustpilot, but the platform has been reporting all the bad reviews. So I thought it would be useful to leave it here as well: + +"I invested in 2 different projects in this platform and both were supposed to finish almost 1 year ago. The platform issued a two-sentence statement saying the return was delayed without any further explanation. Since then I have contacted them multiple times trying to understand the reason and which actions they were planning to take in order to solve the problem or at least mitigate the loss. They never gave me a direct answer and always avoided the questions by redirecting to another department or saying random things. I have insisted and they stopped replying since 5 months ago. I have been contacted by many people that are in the same situation, so I am sure that this happened with more than just the 2 investments in their platform. +They claim that they never had any loss in any project in their platform. This is true only because when there is the possibility of loss they simply do not close the project and do not return the money. They keep the project open and hanging forever and never return the investors' money. +To conclude, I have invested my money in several platforms and this is the worst by far. I do not recommend it to anyone since it is very poorly managed, there is no transparency and the probability of losing 100% of the investment is really high. Moreover, you get your hands tied because they do not offer any means for you to recover at least part of the investment." +**🚀** AMC **🚀** started today as a penny stock. It is now trading above $8 and is within cents of exhausting all listed strikes for call options. As another stock with high short interest, it is getting a lot of attention and could very likely be another explosive move if it touches that 9$ price point. + +I only bring this up because I hold AMC since about $3 and I plan on doubling down expecting a volatile run up tomorrow and later offload before it drops back down to penny stock territory. + +\*I'm one dude with a tiny account, not an advisor\* + +**🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀 ORTEX estimates Short interest % of float as of this morning is 80.59% this is a massive short exposure. They are going to be very nervous.** + +EDIT: A serious warning to you all, this community does not have anywhere near the conviction or discipline to buy and hold shares that WSB does. The weak hands who buy AMC here will give a lot of wiggle room to AMC shorts. Don't expect a moonshot because I can see now on my level two that there is a ton of small size selling activity every time the ticker even pauses on the way up. Even in something as short term as a short squeeze, time in beats timing. Hold the thing until short interest falls below %20 if you want to be in on any meaningful price movement. + +Edit 2: I added rockets to reflect the prediction of this post coming to fruition. I didn't want to mislead anyone with preemptive rockets, but now they're warranted. Buy and hold. WE LIKE THIS STOCK. + +**🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** **🚀** + +&#x200B; + +Edit 3: Most popular question is weather or not it's too late to buy in. Just look to GME as a model for short squeeze price behavior and how shorts are trying to manipulate against the wave of buying. There will be a big dip intraday today. It's important not to sell on this because it will bounce back up. The dip will happen quickly and trading will be paused. When trading is paused, MMers will be listing new options at higher strikes. It is that action that triggers the actual Gamma Squeeze. When those strikes are listed, people will buy them, when people buy them, MMers are required to buy AMC stock to back the contracts. This will create a buying frenzy and continue to fuel the larger trend of the actual short squeeze. People are not too late to buy in, DCA across the dips today and hold at least until Monday because another huge buying pump will happen when ITM calls exercise and create even greater buying pressure. The shorts will continue to bleed. + +&#x200B; + +Edit 4: Trading has been halted multiple times now. Each time this happens the price gaps down slightly, but immediately resumes an upward trend. Each of these trading halts represents a buying opportunity to get in at the bottom of a cycle before the upward trend is inevitably reestablished. The answer to everyone asking if it's too late to buy in, the answer is no. Buy in at your risk tolerance because when you buy in you need to hold. When we hold, the shorts have to continue bidding the price up and that is how you will see your buying opportunity see large gains. + +&#x200B; + +Update: a lot of people are feeling understandably nervous about holding AMC for a few days or a week like we need to to do act in each our individual best interest. Which is to see this thing priced on two points of value 1. AMC is going to bounce back a bit and we are long because of that. 2. AMC is another big company that employs a lot of people that wealthy and greedy shorts have tried to artificially hammer into delisting. I personally think that returning efficient market forces and knocking the shorts down to a reasonable exposure on this equity has value in and of itself because ultimately it makes the market more efficient for us, and in a free market system it is we the vastly numerous individuals voting with our capital who are the most efficient and important driver of economic movement. This is our once in a generation chance to remind unethical hedge managers that we are supposed to be working in a capitalist economy, not an oligarchy where they can just do whatever they want and slide the market around from underneath us. + +So, to calm some nerves, I present the chart for GME on the first day of what everyone probably considers to be the beginning of the endgame for the short squeeze when it hit $70 and AMC today. I'm going to make this a separate post also, but put it here too for anyone following. AMC is following the same exact pattern of short squeeze as GME as the shorts try to pull the rug out from under us. We follow the lead that GME retailers took, we buy and hold. Personally, I have taken about a 20% stake of my portfolio to buy dips on AMC throughout today. It's not much of a portfolio, but it's honest work. Don't let the short holders demonize us just because we caught them with their pants down. Everyone do what you want, i'm no financial advisor, but I LIKE THIS STOCK. + + +&#x200B; + +https://preview.redd.it/z29wjg6svwd61.png?width=3235&format=png&auto=webp&s=af0c2ec37e90cb44997954e468412957a17e6250 +Renting is such a waste of money I get depressed even thinking about it. I just calculated how much I spent on rent In the past seven years I lived on my own. I’ve spent over 100k in rent. If I had a house atleast I would have some equity to show but nope just threw 100 grand down the drain. +Hello Great Apes of the world! 👋 + +Raise your Diamantenhände to the sky as the markets awaken to GME in the Russell 1000! Numerous DD posts indicate that this could be a very interesting week in the markets, with a quarter end, record levels of reverse-repo participation, and the GME Prospectus hinting at several possible ways to ignite the MOASS. The German market opens 2 hours before the US pre-market; maybe we'll get a preview of things to come? 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: **$207.51 / 173,85 €** +- 🟩 115 minutes in: $207.03 / 173,45 € +- 🟩 110 minutes in: $206.38 / 172,90 € +- 🟥 105 minutes in: $206.29 / 172,82 € +- 🟥 100 minutes in: $206.35 / 172,88 € +- 🟥 95 minutes in: $206.79 / 173,25 € +- 🟩 90 minutes in: $207.39 / 173,75 € +- ⬜ 85 minutes in: $207.30 / 173,68 € +- 🟩 80 minutes in: $207.30 / 173,68 € +- 🟥 75 minutes in: $207.24 / 173,62 € +- ⬜ 70 minutes in: $207.30 / 173,68 € +- 🟥 65 minutes in: $207.30 / 173,68 € +- ⬜ 60 minutes in: $207.48 / 173,82 € +- 🟩 55 minutes in: $207.48 / 173,82 € +- 🟥 50 minutes in: $207.36 / 173,72 € +- ⬜ 45 minutes in: $207.42 / 173,78 € +- 🟩 40 minutes in: $207.42 / 173,78 € +- 🟩 35 minutes in: $207.39 / 173,75 € +- 🟥 30 minutes in: $207.30 / 173,68 € +- 🟥 25 minutes in: $207.36 / 173,72 € +- ⬜ 20 minutes in: $207.90 / 174,18 € +- 🟥 15 minutes in: $207.90 / 174,18 € +- 🟥 10 minutes in: $208.05 / 174,30 € +- 🟥 5 minutes in: $208.11 / 174,35 € +- 🟩 0 minutes in: $211.84 / 177,47 € +- 🟥 US close price: $209.51 / 175,53 € *($208.00 / 174,26 € 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 1.19360942. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Over 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! +We’ve learned over the years what causes sudden massive drops in the markets. E.g a global pandemic, a war in a European country, a complete cut of Russian gas, a financial crisis due to mortgage defaults, and many other examples throughout history… + +But what about the opposite? What events tend to result in massive gains? Both historically and (let’s speculate) in the future? +Physicians of fatFIRE, what are ways that you’ve increased your income past the average figures? From what I’ve read online and heard from people in the business, the commonly stated range seems to be around 200k-600k depending on specialty. I was also put under the impression that the upper limit is a pretty hard ceiling in terms of what physicians are capable of earning. As a real life example, my dad is an ophthalmologist in private practice in a high physician-density area earning 350-400k a year. The only way I can think of for him to increase that number would be to expand his practice and open up multiple offices (which he’s said he doesn’t have an interest in doing). + +I regularly see comments from physicians on this sub claiming to earn well upwards of 600k extending all the way into the low 7-figures. For those individuals, how do you do it? +I check my spreadsheet twice a year, and a guilty pleasure for me is to take my numbers and spend a couple of hours running them through different FIRE calculators to see how I'm doing. I am visual guy, not a numbers guy, so they really help me understand things in a way that my spreadsheet does not. + +These calcs all have slightly different approaches, but here's a list of ones I like and why: + +This is the one I use the most, that I compare all the others to. I don't like how the inputs are on different pages, but I like the graphic output, which is easy to understand. + +[https://firecalc.com/](https://firecalc.com/) + +This one is interesting because it includes actuarial information about death rates. So, yeah, I have a 3% chance of running out of money at age 85, but I have a 30% chance of being dead, so 3% doesn't look that bad in comparison. + +[https://engaging-data.com/will-money-last-retire-early/](https://engaging-data.com/will-money-last-retire-early/) + +I like this one because it allows you to set a goal for how much you want left over. Some of the calcs will show you 100% success if you end up with 1 dollar at age 100. This one lets you set how how much nest egg you want left over for your kids. (Or your cats. Let's be honest.) + +[https://www.nesteggly.com/fire-retirement-calculator](https://www.nesteggly.com/fire-retirement-calculator) + +This one shows your nest egg in terms of how many days per year of freedom it will buy you. So if you have 500,000k saved and plan on spending 75k a year, your nest egg will pay for 97 days of freedom per year in retirement. That's kinda cool. + +[https://engaging-data.com/freedom-calculator/](https://engaging-data.com/freedom-calculator/) + +This one lets you show the effects of various rates of inflation which I don't see in other calcs. I just don't like the graphic it produces as well as the other calcs.[http://www.cfiresim.com/](http://www.cfiresim.com/) EDIT: Updated link from limpingrobot + +[https://alistair-marshall.github.io/cFIREsim-open/](https://alistair-marshall.github.io/cFIREsim-open/) + +This one differentiates between standard, tax deferred and Roth accounts to help you plan your withdrawals better. + +[https://www.i-orp.com/Inflate/index.html](https://www.i-orp.com/Inflate/index.html) + +This one it has sliders for some of the inputs which are fiddly, and you need to specify different income streams at the bottom. On the plus side, it has room for spouse income and is very clear and interesting graphically. + +[https://www.marketwatch.com/calculator/retirement/retirement-planning-calculator](https://www.marketwatch.com/calculator/retirement/retirement-planning-calculator) + +Honorable mention: This calc from MMM's article got me into FIRE and I have used to teach about FIRE ever since.[http://networthify.com/calculator/earlyretirement](http://networthify.com/calculator/earlyretirement) + +So what are your favorite FIRE calculators, and what do they do that others don't? + +EDIT TO ADD COMMENTS FROM BELOW + +CALCS that allow you to save your inputs: Firecalc, Networthify, Engaging Data When Can I Retire, Nesteggly + +FIRE 2027 suggested this one, which has tax rate, and an input for bond and stock returns and a cute little red target sign for your FIRE target. + +[https://engaging-data.com/fire-calculator/](https://engaging-data.com/fire-calculator/) + +This one from abarandis has dependents, and when they will age out of your home. + +[http://abrandao.com/retire/](http://abrandao.com/retire/) + +From Joy090, once similar to Networthify + +[http://fireagecalc.com/](http://fireagecalc.com/). + +[chodthewacko](https://www.reddit.com/user/chodthewacko/) suggests this one. It separates tax deferred/tax free/. It needs to be downloaded or run through Java to work. + +[https://www.flexibleretirementplanner.com/wp/](https://www.flexibleretirementplanner.com/wp/) + +[jrjjr](https://www.reddit.com/user/jrjjr/) (Creator of nesteggly) also suggests FICalc. It has different withdrawal strategies, and lets you export or share your results. For historical data, it shows which start years would have succeeded or failed for your portfolio. + +[https://calculator.ficalc.app/](https://calculator.ficalc.app/) + +cranescult suggests this calc, which has a place for sequence of return risk which no other calc I've seen has. + +[https://www.portfoliovisualizer.com/financial-goals](https://www.portfoliovisualizer.com/financial-goals) + + +This one allows for interesting back testing of other withdrawal strategies than the 4% model. + +[https://calculator.ficalc.app/](https://calculator.ficalc.app/) +In almost every trend, every bubble, and every hype that has ever existed - eventually something comes out that becomes almost a parody of what's going on around it. This parody eventually symbolizes the irrational behavior of a trend. To me, NKLA will be that historical example. In literally mere days, NKLA, during a hot market run, skyrocketed to 100+ per share. Based on what exactly? No car manufactured, no car officially sold, not even a deposit. Yet this company, with a CEO who is boasting the fact that his company will be worth 100 billion in the future, has skyrocketed off mere speculation that's been brewing like crazy in this market. + +There will be some correction to this. There is no rationale behind any of this. +I know everyone is looking forward to buying property while the market dips. Please do your research before buying. There are so many new apartments out there with issues because of dodgy developers. I was just told each apartment owner in my building needs to pay $30k to fix the building structural issue. Is being a home owner really worth it? Not when you're buying shit. +I've found what might be the most criminally undervalued coin listed at the moment, Restart Energy Democracy. Compared to Power Ledger which doesn't have a working product, this could easily 15x in the mid-term. Plus they confirmed exchange news within a week on telegram including a big one. This is seriously worth a look + + +-Top ranked independent energy company in Romania + +-Succesful business going back to 2015 + +-20 million in revenue in 2017 + +-Big plans to expand to other countries + +-Only blockchain-based energy trading ecosystem that can work with existing regulations + +-All-star team, CEO developed over 500 energy projects + +-Servicing 27,000 households and more than 3,000 businesses + +-Big headstart on Power Ledger which has 10x higher marketcap + +-40% under ICO price +📢 MISSED EARLY DOGECOIN OR SHIBA INU? +If you're reading this you are super early! A 100x is a 100 million MC from here! + +Shibonk has a lit community and active Devs. Partnership with PIXL COIN and Broadcast West. Shibonk is taking the quality of memes to a whole 'nother level. Straight Studio Quality! We have commercials ffs! WEEKLY AMAS EVERY THURSDAY! +Past AMAs and content posted on YouTube(shibonk token) + +A+ Audit from Dessert Finance, check out our bonk paper (whitepaper) as well as road map on the website shibonk. Net + +Active on all social platforms! + +☆Twitter +☆Facebook +☆TikTok +☆YouTube +☆Reddit +☆Telegram +☆Discord +☆Instagram + +TOKENOMICS: + +●5% REFLECTIONS PER TRANSACTION + +●5% BURN 🔥 PER TRANSACTION + +●CONTRACT OWNERSHIP RENOUNCED + +●LIQUIDITY LOCKED 🔒  AND BURNED 🔥 FOREVER + +●1 Quadrillion total supply (40% already burned 🔥 + +● LOW MC <2 Million + +NFTS with staking and gaming releasing soon! + +This is a true 💎 and the potential for 1000x is there. So undervalued it should be ILLEGAL 🚫  Hop on the 🚀  Shibonk is aiming for MARS! + +Connections to Shiba Inu. And future plans on the Shibarium Network. Future metaverse gaming to bring actual utility to the MEME token world 🌎 + +Shibonk has an organic community NO marketing tax! And not a P&D! + +Contract: + +0xf224ade71c20f9823e34e0792f72437596b4e28c +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 currently have VHT in my portfolio, and it’s down a lot. Why is it down? Shouldn’t the health sector be up since many people are going to the hospital? +What’s the best ETFs to buy for beginners? I see everyone talk about VOO, QQQ, and VTI. I’m currently looking into something like a combo of VOO and QQQ (70/30 or 60/40), or a 3 fund of VOO, VXF, and QQQJ. Or simply VTI and VXUS. Any suggestions you guys might have? I’m 24, so whatever fund(s) I invest in, I’m going to hold for a long time. Thank you. +Today, I just invested in: + +XSD +LIT +ARKK +PNQI +TSLA + +Because like an idiot I got stuck looking at their past year and 5 years solid performance. + + +However, their performance the past three months, respectively: + +-7% +-11% +-22% +-4% +-21% + +So I definetly jumped the gun here. Should I just bail out now and wait till they bottom out, does anyone even know more or less at what point they would bottom out before going up again? +A top Costco Wholesale executive confirmed the big-box retailer has **no plans to change the price of its $1.50 hot dog-and-soda combo at its stores despite months of decades-high inflation.** + +**Costco CFO Richard Galanti reiterated the cheap price point on the fan-favorite deal would stay in place during the company’s fourth-quarter earnings call on Thursday.** + +An analyst asked whether Costco was adjusting prices in other parts of its business to maintain sales margins for its hot dog-and-soda deal and other value offerings. + +“Lightning just struck me,” Galanti joked when the combo was mentioned. He added that higher-margin businesses such as gas and travel sales help Costco maintain its value deals. + +“Those things help us be more aggressive in other areas, or as you mentioned, hold the price on the hot dog and the soda a little longer – forever,” Galanti added. + +Costco and other retailers have hiked prices over the last year, passing along the higher costs of commodities and goods to consumers. Inflation has slightly declined in recent months but was still hovering at a hotter-than-expected 8.3% in August. + + Galanti estimated that price inflation at Costco was about 8% during the fourth quarter, with increases “a little higher on the food and sundries side.” + +**Costco doesn’t have any immediate plans to hike its membership fees**, according to the executive. Annual membership dues at the retailer currently start at $60. + + Still, Galanti noted that **membership price increases were likely at some point in the future. Costco has generally hiked its fees roughly every five to six years**. + +**“Our view is, is we are confident in our ability to do so and at some point, we will. But it’s a question of when, not if,”** Galanti said. + +Despite the inflationary environment, Costco topped analysts’ expectations in the fourth quarter. The retailer posted quarterly revenue $72.09 billion and earnings per share. + +Source: [https://nypost.com/2022/09/23/costco-to-keep-1-50-hot-dog-and-soda-combo-forever-despite-inflation-exec/](https://nypost.com/2022/09/23/costco-to-keep-1-50-hot-dog-and-soda-combo-forever-despite-inflation-exec/) +This is what I think is happening right now. The world's major powers and banks don't want bitcoin to succeed in El Salvador, right? So what's the best way to show that what El Salvador is doing isn't going to work? + +Right on the day El Salvador embraces bitcoin, simply crash the price. The message will be: "we told you so, bitcoin is not stable enough to become a currency". + +This is geopolitical manipulation guys. This is new. Stay focused and hodl for your life. +**Intro** + +Below is some info on a mineral I quite like - Vanadium (in particular its use as an energy storage mineral). There is a TON of research articles on vanadium and its use in achieving a greener future, not just in batteries but in steel alloys as well. Below is brief, I have put some links to some scholarly articles where you can read in depth. + +**What is Vanadium** + +Vanadium is the 22nd most abundant element in the earths crust and is predominantly used in steel manufacturing. Vanadium is rarely found in its pure metallic form but can be found in over 65 different minerals. Once extracted and dissolved, it is generally used to create light, tough, and more resilient steel alloys. However, the ability of vanadium to dissolve showed it had more potential than in the steel business and instead could be used as a charge carrier for storage. Unsuccessful attempts were made in the 1930s and 1970s however this changed in the 1980s with a breakthrough at the University of New South Wales which created the first vanadium battery. + +&#x200B; + +https://preview.redd.it/6svdaiqghr881.png?width=667&format=png&auto=webp&s=5917a11772f1b45e78756c7f045281cf9ef2b216 + +Source: David A. Santos, Manish K. Dixit, Pranav Pradeep Kumar, Sarbajit Banerjee. Assessing the role of vanadium technologies in decarbonizing hard-to-abate sectors and enabling the energy transition. iScience, Volume 24, Issue 11, 2021, + +**Vanadium Redux Flow Batteries** + +VRFBs utilizes vanadium ions as charge carriers, taking advantage of the ability for it to exist in solution. Within the battery, there is a positive electrolyte tank and a negative electrolyte tank, both made of vanadium and separated via an ion selective membrane. When the battery is being charged, the positive ions lose an electron, which is introduced to the negative cell. When the battery is being discharged, this process works in reverse, created a voltage. Pumps are required to circulate the electrolyte solutions. + +&#x200B; + +https://preview.redd.it/qkqe5cmjhr881.png?width=554&format=png&auto=webp&s=8982a4f1876a409e46f93144cd563201886e314e + +Sources: M. Skyllas-Kazacos, J.F. McCann, Advances in Batteries for Medium and Large-Scale Energy Storage, 2015 + +Nihal Kularatna, Kosala Gunawardane, Energy Storage Devices for Renewable Energy-Based Systems (Second Edition), 2021 + +**The Advantages & Disadvantages of VRFBs** + +The obvious disadvantage is the bulkiness. Due to the tanks and pumps in VRFBs it means these will be heavy and large, making them unfit for use in mobile applications (i.e. EVs). They also have a low energy density meaning large areas will be required to construct them. They also have higher capital costs, but more on this later. + +The advantages are that they have a lifespan of 20+ years, can be completed discharged indefinitely without causing damage, are non-flammable, and have no limit on energy capacity as the tanks can just be increased to provide more energy storage. + +**VRFBs vs Lithium Batteries for Mass Energy Storage** + +A study done this year (L. da Silva et al, “Life cycle assessment of lithium-ion batteries and vanadium redox flow batteries-based renewable energy storage systems, 2021) showed that VRFBs was the most environmentally friendly technology for renewable energy storage in grid applications. For both batteries, production and transport made up at least 50% of the overall environmental impact. However, VRFBs have a major advantage in that up to 97% vanadium recovery has been reported from recycling VRFBs. + +&#x200B; + +https://preview.redd.it/xtnkgudnhr881.png?width=864&format=png&auto=webp&s=f83e1a48df0604efe4e8bd6b245032d466160595 + +A comparative life cycle cost analysis in 2014 showed Li-ion batteries were well above VRFBs as per the below table – 493 $/kW-yr versus 273 $/kW-yr (B. Zakeri, Electrical energy storage systems: A comparative life cycle cost analysis, 2014). However, I’ll admit this research is outdated. A later study by K.E. Rodby et al “Assessing the levelized cost of vanadium redox flow batteries with capacity fade and rebalancing” was done in 2020 however this did not provide comparative results to other storage systems. + +&#x200B; + +https://preview.redd.it/a0r7d86phr881.png?width=648&format=png&auto=webp&s=be83230d7969bc4915165a041da4bd1c5d3ec192 + +**The Need for a Storage Solution** + +The Net Zero by 2050 report by the International Energy Agency (IEA) provides a roadmap for decarbonising the world and what changes the world will see in the emission space. According to the report, global electricity demand more than doubles between 2020 and 2050 with largest contributor to this being INDUSTRY and HYDROGEN. I highlight these as these are environments which would suit the roll out of VRFBs. + +&#x200B; + +https://preview.redd.it/bhmluevshr881.png?width=612&format=png&auto=webp&s=5bc8ca39a6b44b20d8db44638637863b14413a24 + +**What is Australia Doing?** + +Australia has the third largest reserves of vanadium but none of it processed here. It has also been added to the list of critical minerals for Australia. Last month the QLD government committed to building a new vanadium processing plant in Townsville and committing $10M to the development ([https://statements.qld.gov.au/statements/93871](https://statements.qld.gov.au/statements/93871)). The Australian Renewable Energy Agency (ARENA) also funded $5.69M of the $20.29M to build the first VRFB and solar PV project in SA ([https://arena.gov.au/projects/co-located-vanadium-flow-battery-storage-and-solar/](https://arena.gov.au/projects/co-located-vanadium-flow-battery-storage-and-solar/)). Australian Vanadium (ASX: AVL) was granted $3.69M from the federal government under the Resources Technology and Critical Minerals Processing National Manufacturing Priority Grant to develop commercial vanadium electrolyte plants. Additionally, Water Corporation is trailing AVLs batteries, via their subsidiary VSUN, to demonstrate the commercial and technical viability of VRFBs with an intent to roll out through WA if successful. + +**Final Thoughts** + +For mass energy storage and particularly in industrial applications, I believe VRFBs will play a critical role in realizing a net zero future. The cheaper life cycle costs, recyclability, improved safety (i.e. no fire risk unlike Li-ion), and reduced emissions in the manufacturing of them provide some positive advantages over lithium based counterparts. Globally, VRFBs are starting to get more and more traction, particularly in Japan and China. In 2017, China released a national policy which outlined several massive vanadium projects, one being recently completing the massive 800 MWh battery in Dalian. + +**ASX Tickers** + +On the ASX we have TMT, AVL, and VR8. NMT is also a vanadium play via their recycling program. Of the 4, AVL is the only battery manufacturer via their subsidiary VSUN. I am not a DD guru, so DYOR. +**IVZ:** I just want to post something and please dont take it as me being a pumper - just sharing what im currently researching. + +Do you guys remember when SGC/XST was initially in the pump phase - but then they released their **Prospective Resource Report** \- which showed that there wasn't multi-TCF potential (not even a quarter of a TCF) - but instead, 141 BCF (estimate). Then we took into consideration page 4 and 5 and worked out that it left us with a probability of 19.5bcf (*IF successful)*. + +I would like to remind you that this is not the time when the SP plummeted, this is when it reduced a little - this is exactly when i sold out and others stayed in for the punt on that prospective resource. I sold out because of multiple reasons, but ultimately, the risk vs reward was not there for me anymore (the risks outweighed the potential rewards). + +**Lets move on to IVZ:** + +The extensive exploration undertaken by Mobil in the 90's made evident the significant size and technical merits of the Cabora Bassa project. + +**IVZ already released a prospective resource report in 2019.** [The report can be seen](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02119028-6A935205?access_token=83ff96335c2d45a094df02a206a39ff4) [here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02119028-6A935205?access_token=83ff96335c2d45a094df02a206a39ff4) + +(Id just like to point out that if this resource report was released for XST / SGC prior to their drilling- the SP would have went to the moon, literally). + +***Total prospective resource of 9.25 TCF + 294 million barrels of conventional gas / condensate*** + +*(1) Mzarabani Prospect estimated to contain 8.2 TCF + 250 Million barrels of gas* + +*(2) Msasa Prospect estimated to contain 1.05 TCF + 44 million barrels of gas* + +So there is more than 1 play here with potential at both. This study was determined by Getech Group, over a 12 month study of Cabora Bassa Project. (if even a fraction is found at either its a big success). + +Page 5 also states: The Best estimates reported represent that ***there is a 50% probability that the actual resource volume will be in excess of the amounts reported.*** + +Page 5 also states: There is greater than 50% chance that if a discovery is made, it will be commercialised. The company has already signed Gas sale MOUs. + +**If successful, IVZ will potentially be a multi billion dollar company (a bare minimum of 10 bags+ OVERNIGHT).** + +&#x200B; + +**Before we start jerking off and putting deposits on Gucci suits / Lambos,** ***this play is NOT without risk:*** + +Page 5 also states: + +"The Company estimates the chance of discovery from the primary Upper Angwa target in the Mzarabani Prospect at 11%". This is the target that contains the vast majority of the prospective resources. + +**The numbers for the Mzarabani Prospect crunched by** u/catch-10110 **below:** + +If you add up the probabilities from page 5 of that report for each target (11%, 7%, 5%, 5%, 5%) you get a total probability of **any** discovery of 29%. (p=1-(chance of failure) so p=1-(0.89x0.93x0.95x0.95.x0.95 = 0.29) - this is rough only and assumes they are truly independent targets. + +**The Msasa prospect** has an estimated chance of success of 5-6% for all stratigraphic levels. (i would assume that they will test each layer independently - so multiple chances at success). + +As you can see, this is a very high risk, very high reward play - potentially life changing, IF successful. + +**Please do understand the risks that if they fail, the SP will plummet, just like every other explorer.** I do think we have the upper hand here though (if everything pre-drill goes smoothly and everything is on time- PSA, farm in), by purchasing at $100M MC, from now until drilling, i do see the potential to atleast make a bag pre-drill - which will ultimately reduce the risks moving forward. ie; possible to free carry into drilling (THIS IS NOT GUARANTEED! - but highly likely IMO). + +**Edited to add the following:** + +\--- **Risks between now and drilling (this section is copy/pasted from Catch): ---** + +There's also so much that can go wrong between now and drilling. + +\- No PSA. + +\- Bad PSA terms. + +\- PSA delay which delays everything else. + +\- No farm-in partner. + +\- Bad farm in terms. + +\- Farm-in delay which delays everything else. + +\- Seismic project delay which delays everything else. + +\- Seismic project doesn't give the results needed which delays everything else and more money will be required to do more. + +\- Zimbabwe fucks it up somehow. Either political winds, bad legislation, full nationalisation, instability etc. + +\- Force-majeure risks like bad weather etc delaying things. + +\- Failure to secure a drilling rig in time. + +\- Overall project delay pushing it out until next year. + +\- Further cap raise to either replace a farm-in partner or to increase IVZ's contribution to increase working interest. + +**--- END OF COPY/ PASTE Risks between now and drilling ---** + +**My Addition**: another risk is that if the SP doesn't pick up traction by the time drilling comes, then plans to free carry are going to be compromised. + +However, people are estimating the \~40c mark (around \~250M MC) to be the conservative pre-drill SP. And that's not because of FOMO/hype , that's because as catch mentioned , when each of those pre-drill milestones are hit, (farm in , PSA , etc) , they significantly derisk the project, hence the rise in SP. **And the only reason the market cap is under $100M right now, is because those pre-drill milestones have not been hit.** + +FOMO / hype is not something taken into consideration, and can't be calculated or guessed. 88E FOMO / hype took the SP x10 pre-drill. + +&#x200B; + +IVZ Peer ReconAfrica nearby has found success just recently (i think a few weeks back), and has turned into a billion dollar company overnight. Current share price is $6.88 CAD with a Market Cap of 1.079 Billion. This keeps my dick hard on this play we have here as they are nearby each other. + +&#x200B; + +**I always want to mention: ONLY invest what you can afford to lose. DONT gamble with more than you can afford to lose. NOTHING is gauranteed. Please do your own due dilligence, risk vs reward, and be sensible with your investments (if investing in this play).** + +I hope this post makes a better understanding of the IVZ play, and the risks / potential rewards which are at stake. +Young doc in Switzerland in my mid twenties. Saving/investing the equivalent of 5,500€ of my post-tax income every single month. + +My monthly expenses are 300€ on rent (2/3 paid by my employer) , ~250€ on basic swiss health insurances, spending 150€ on food (never eat out, enjoy cooking) , 0 to 50€ in transportation (no car, small walkable swiss town) , 0 to 100€ in leisure/social life (more on the introverted side). No water, heating or electricity bills, paid by my employer/the hospital since I basically live on site. + +So from 700 to 850€ in expenses. + +Meaning a savings rate of 86 to 88%. +The objective being to FIRE (of course not in Switzerland) within 2 to 3 years. + +Family and some people I interact with , though they're showing understanding for my decision (while not being familiar with FIRE) think my choice to take a "shortcut" to FIREing, is too extreme. + +While I'm in no way fixated on my savings rate and would have no problem coming down to sub 60% levels, when I get asked why I don't spend more, I usually don't have a good answer to come up with... I just don't..need to? I mean I have a place to live in, a wardrobe full of clothes mostly bought in the last 10 years but in good condition, a computer, phone, tablet, TV, sound system all purchased in the last 2 to 5 years but still working just fine. +So I'm scratching my head wondering how and why exactly I should consume more.. + + +Just wanted to hear you guys's balanced opinion. + + +-- + +edit:typos +Saw this link online of an interactive map showing where people are migrating from and migrating too. + +Pretty helpful if you're looking at new markets. Check it out. + +[https://www.apartmentlist.com/rentonomics/2020-q1-renter-migration-report/?fbclid=IwAR2I2ySruihg98ftE0jOTEm-AMs5EFpZv94DZChsseadI8q7ZDV\_5F9lJNg](https://www.apartmentlist.com/rentonomics/2020-q1-renter-migration-report/?fbclid=IwAR2I2ySruihg98ftE0jOTEm-AMs5EFpZv94DZChsseadI8q7ZDV_5F9lJNg) + + +Before getting into the announcements and recent news, a brief introduction about Dogira and the core essence of the project: + +Dogira aims to bring the power of the blockchain to game developers and creators by providing unique gaming services, supported by an NFT Ecosystem. Through building a SDK/APi’s for popular game engines, game developers could use this services to enhance their games with native blockchain elements or implement an Anti cheat technology based on Blockchain-level verification, the posibilites are endless. + Lead by an engineering team **\[1\]** rooted in Blockchain, Gaming, and Cloud Service Development, $DOGIRA has everything in place to create a true utility token to shape the future of Invesment NFTs, and Blockchain Native Gaming. + +Now, let’s dive into the announcements: + +**1st Announcement: Large exchange listing and marketing partners upcoming** + + + +The Dogira team is currently in talks with a large exchange and new marketing partners. As well known, these things come with expensive fees - but both are a strong necessity to get things moving to the next stage. So, how is a small marketcap coin going to be able to realize the funding for this costs? + +Dogira has a \*massive\* liquidity pool - at around a $13mil market cap, there is just over $1.8mil of liquidity. That's almost 14% liquidity backing! As the liquidity lock is expiring soon, **a well thought out strategic move** is going to be made: A \*maximum\* of 50-60% of the liquidity (leaving it at a very healthy/very above average 6-7% liquidity backing) will be removed. Those funds will then be used directly on getting Dogira onto big exchanges, and onto big platforms for advertising the services and features that the project has in the works. This will mean, that Dogira will essentially be a small marketcap coin, with a marketing/CEX listing budget that'd make some of the big hitters envious - while also enabling Dogira to finally grow like every other coin in the small mCap category. The remaining ETH will be placed back into Locked Liquidity on a month-by-month basis, until the deployment of the V2 Contract; at which point, the liquidity will be moved into our V2 Pool, and re-locked once again. + +**2nd** **Announcement: Partnership with $REAU, Vira-Lata Finance.** + + + +Dogira just partnered up with $REAU, Vira-Lata Finance. $REAU is an open source, decentralized project, created to help include Brazilians in the cryptocurrency world. REAU provides a safe financial system that is easy to use, and helps make a difference through charitable donations. **\[2\]** + +Starting on the 17th, REAU will have Dogira’s logo on their website leading to a landing page, which will allow to easily donate to the animal shelters supported by REAU. + +Alongside this, the Dogira team are working directly on investment/donation NFTs (The last value-focused NFT sold out in under 10 hours, generating $35,000 for marketing efforts) that contribute directly to REAU's supported Shelters! In addition, all donations made either through direct contributions, or through NFTs will be displayed proudly on REAU's homepage! + +**3rd announcement:** to be revealed by the end of this week, stay tuned! + +**Upcoming:** + +· AMA hosted by Mass Moon on Friday 7th + +· AMA sit down with one of REAU’s members, and one of Dogira’s team members on the 16th of May + +**Latest News** + +· Dogira was voted #1 at 3rd weeks Satoshi Club top community interest contest **\[3\]** + +· Dogira made the top 5 of Top Satoshi Club April Guests – best price performance **\[4\]** + +· Dogira was featured at the Miami Crypto Expo 2021. **\[5\]** + +· The first manga NFT, *The Dogira Chronicles*, just dropped. More chapters to come! **\[6\]** + +· New website being finalized. + +· A whitepaper further unpacking the Dogira usecases and utility will be releasing in May, written by co-developer Chris Husse. + + +**Socials:** + +Website: https://dogira.net/ + +Reddit: https://www.reddit.com/r/Dogira + +Twitter: https://twitter.com/dogiraofficial?lang=en + +Telegram: https://t.me/dogiratoken + +Discord: https://discord.com/invite/ZxudAQE3Bh + +**References:** + +1: [https://dogira.net/](https://dogira.net/) + +2: [https://www.cnnbrasil.com.br/business/2021/03/29/icone-brasileiro-vira-lata-caramelo-vira-simbolo-](https://www.cnnbrasil.com.br/business/2021/03/29/icone-brasileiro-vira-lata-caramelo-vira-simbolo-)[de-criptomoeda-nacional](https://www.cnnbrasil.com.br/business/2021/03/29/icone-brasileiro-vira-lata-caramelo-vira-simbolo-de-criptomoeda-nacional) + [https://forbes.com.br/forbes-money/2021/04/parece-meme-mas-e-criptomoeda-conheca-os-ativos-mais-inusitados-do-mercado/](https://forbes.com.br/forbes-money/2021/04/parece-meme-mas-e-criptomoeda-conheca-os-ativos-mais-inusitados-do-mercado/) + +3: [https://twitter.com/esatoshiclub/status/1389944307092803590](https://twitter.com/esatoshiclub/status/1389944307092803590) + +4: [https://twitter.com/esatoshiclub/status/1389628466333687810?s=19](https://twitter.com/esatoshiclub/status/1389628466333687810?s=19) + +5: [https://twitter.com/DogiraOfficial/status/1385082507951964160](https://twitter.com/DogiraOfficial/status/1385082507951964160) + +6:[https://rarible.com/token/0xe03955ecfe23d9bc4f2fcecea5f8c8ff5180987c:1:0x5041524ae54a184c9a028ebdf229aa14539c3adf](https://rarible.com/token/0xe03955ecfe23d9bc4f2fcecea5f8c8ff5180987c:1:0x5041524ae54a184c9a028ebdf229aa14539c3adf) +So today I blew up a account again. This is the third time this has happened to me and I feel like absolute crap. I don’t really know what I’m really asking for it but it just feels incredibly lonely and people around me don’t even realize how much work and time and effort just went down the drain today. I just feel like such a degenerate gambler and I don’t know how I’m going to get myself together after this one. I’m not going to jump right back in and add more money, im probably going to get back to paper trading and learning more before I go back in with real money again. +I will be quitting my job on August 5, 2019. I decided that about 6 months ago. After I made the decision, I lost motivation to try hard at work. I knew I would never get promoted or a bonus or raise ever again. So I started showing up late, I only responded to the most important emails, I tried to get out of meetings, I put in minimal effort. My job is in IT. + +My bosses noticed my lack of effort and "attitude problem." So now I have to attend about 3 extra meetings per week, and they painfully go over every detail of my day/week and make sure I am on task completing assignments. Which makes me dread going to work even more. So the cycle repeats itself and I get into even more trouble. No, I wont get fired. + +So I don't recommend slacking off in your final year on the job. You will just make things worse for yourself. +**Spare me if I misread/overread something**, but I don't get why most people on reddit (and elsewhere) recommend to have a Term Insurance *till* the age of retirement (or until when we have dependents), which is around 60 year of age (give or take 5). + +Wouldn't it be better if I have it increased to say 70-75 years of age, Since there are more chances of me kicking the bucket after 60 as compared to before it? + +As for the increased premium that I would require to pay (consider ₹1L for 15 years), *they* would get the whole sum insured (1Cr). +This is the 2008 special repo that RBI announced for mutual funds. +https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=19249 + +> RBI has decided to conduct a special 14 day repo at 9 per cent per annum for a notified amount of Rs.20,000 crore today with a view to enabling banks to meet the liquidity requirements of Mutual Funds. Details of the facility are being announced separately. + + + +Now the crisis is deeper yet RBI is providing any impetus to the system. + +It is only launching TLTRO operations, which are also not succesful. In the second TLTRO operation saw bids for and borrowing by banks of ₹12,850 crore, a little more than half of the ₹25,000-crore on offer. + +Central banks across the world are doing a lot more to lessen the burden on their respective economies. Meanwhile RBI has sealed itself in an ivory tower and wishfully hoping everything will be fine one day. +It has been more than 40 days since Aviva India's website is down. The only thing working on their website is premium payment. Basically they are ready to take more of their customers' money and not provide any service. + +I have not even received an email from them acknowledging the problem, forget any talk of a solution. + + +What can I as a customer do(apart from closing my policy) to make them accountable to their incompetence/fraud? +Hi fellow apes 🦍🦍🦍and welcome to Superstonk! + +With these volumes, It looks like everyone took a nap today! Let's take a look at the historical volumes and any relations we can see with share price changes. + +\---------- **BOILERPLATE:** + +I still know nothing, I can't do math good. PLEASE don't listen to me! Obligatory 🚀🚀🚀 + +**TLDR: Today was the lowest volume trading day since Tuesday January 12 (when the price $19.95)! Historically we have seen huge volume trading days (and big price gains) on the Wednesday and guess what tomorrow is???💎✋🚀🚀🚀** + +**NOTE: I am not suggesting that it will moon tomorrow, just that we could see a good spike in volume and price.** + +\--------- + +Below is the data for GME from Jan 4 to April 6: + + [Here is a link to the data table if you want to have fun :)](https://1drv.ms/x/s!AomFEIhCN8icgt1xPEpeIuja-2QEoA?e=DSIem9) + +https://preview.redd.it/fx51n17q7rr61.png?width=716&format=png&auto=webp&s=c7e013f800d1055ce703dd5fde0dd0cf8a810ac7 + +I bolded the days with significantly low volume before we then saw huge volume days. + +The first was **Tuesday Jan 12** with only 7m vol. On **Wednesday**, we saw 144m vol and 57% increase in price + +The second time was **Tuesday Feb 23** with only 7.5m vol. On **Wednesday** we saw 83m vol and 104% price increase + +Today, **Tuesday April 6** we saw 6m in vol. **What will we see tomorrow???** + +Also interesting to note, it was **27 trading days between the first two low volume days**, and **28 days between the second and today,** this almost sounds like **a trend....** + +**---------- Available Shares to borrow** + +Another interesting note, today we saw a **huge increase in the availability of shares to borrow** (from 80k to 950k) through [iborrowdesk.com](https://iborrowdesk.com). + +You can also see that a sharp **increase in the number of shares available to borrow** also happened on **Feb 23rd**, increasing by **900,000 in 1 day**... **how many did it go up by today?** + +&#x200B; + +**---------- TLDR** + +**TLDR: Today was the lowest volume trading day since Tuesday January 12 (when the price $19.95)! Historically we have seen huge volume trading days (and big price gains) on the next day (Wednesday) after a low volume Tuesday. What will tomorrow bring???💎✋🚀🚀🚀** + +**NOTE: I am not suggesting that it will moon tomorrow, just that we could see a good spike in volume and price.** + +&#x200B; + +&#x200B; + +https://preview.redd.it/a57z8kg7cmr61.png?width=800&format=png&auto=webp&s=52f7991fc16feb11272c0076f85b3b7afec88246 +If GME reaches xx million, this could be the largest display of strength in numbers ever seen. Every single person buying and holding is doing so of their own free will, with zero influence, coercion or advice from anyone else. If our conviction on the fair price for a stock during MOASS is high enough, it will be a defining moment in history. + +There are zero boundaries for GME holders. Religion, race, age, politics, country - none of these matters when it comes to our beloved company's stock. After ~11 months following the various subreddits I've NEVER seen a group so peaceful, accepting and respectful to each other. I think this is because we all recognise that EVERYONE except the 0.01% is a victim of wall street's corruption. + +Putting myself in the shoes of an xxxx holder, I could hypothetically pull out at a few thousand and retire easily. Why would I do this though, when I literally have a chance to change the financial markets, end wall street's corruption and possibly offer the opportunity for the hundreds of thousands of other holders who can't afford as much as me to make life changing money simply by holding. I would see it as my duty to my friends who I hold alongside with and to society as a whole to not allow this corruption to continue by holding these criminals accountable. + +As an x holder, I literally rely on hitting past a floor of $60,000,000 to ensure generational wealth. I have NO CHOICE but to hold if I want to never worry about money again. I need to pray that all the other individuals holding will have similar high hopes for the stock and don't dump the rocket fuel too early. Along with this comes the acknowledgement of mass fraud in the financial industry. + +Whether it is the elite, rich and powerful lobbying governments in mining, medical, financial or any industry to fuck over the poors and the planet, or simply sending a message to wall Street that their crimes will come back to bite them, this matters. I see this being about MUCH more than just money. + +This is my chance to send a message that everyday people aren't to be messed with and aren't to be taken advantage of any more. People are waking up to the corruption and exploitation that occurs, and it will not continue. + +That is why I am holding until life changing money will be seen for even the 1 share holders and I will NEVER sell all my shares. I will not succumb to the greed that caused this mess in the first place. One share should be plenty at my personal price target. + +Also, if the stock hits even 5k, there is literally nothing stopping it from hitting $69,420,000. It proves the DD is correct, and I know for certain it is possible to give everyone life changing money if I hold. + +I have been very careful in my language here to not offer any financial advice. + +*This is not financial advice and I am not a financial advisor.* + + +TL:DR + +I'm not selling until a single share is generational wealth. This is my chance to prove that the 99.99% are powerful and will not be screwed over any more. GME could be the biggest display of the 'poors' power over the 0.01% ever, and I'm NOT wasting that opportunity. + +"it’s in everyone’s individual best interest to hold as long as possible and see where this goes because individually everyone then stands to gain the most for themselves.” + + +Edit: I just woke up. What I mean by 'it's not about the money' is that I'm not in it just to make a quick buck anymore. I want financial freedom for myself, my friends and my family. I want them and myself to never worry about losing their jobs, or having to break their backs working again. Freedom from the 9-5 is what I mean, not just the money. I don't want to have a bunch of extravagant clothes or luxury cars, I just want the freedom to enjoy life and not stress as much over avoidable things is my point. I don't want to lose time with my kids because I'm working or miss out on holidays or birthdays because I have bills to pay. I'm still young, but these are things I'm sure all of you can relate to. + +Exposing corruption and (hopefully) restoring a broken financial system too of course. +Your markets are run by bots. 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It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Not looking to discuss right vs. wrong, just describing a change I went through..... + +For years and years, I had a savings rate north of 50% and saw my net worth climb rapidly....however each new net worth milestone began to feel like a series of empty victories. + +Over the last couple of years, I've lowered my savings rate closer to 30-35% and really bumped up my spending (mostly in terms of eating nicer/better food, going to restaurants/movies/sporting events more frequently, new workshop tools) and my charitable giving (mostly to local charities or people in need). + +I can only speak for myself, but I feel so much happier than before.....as if I am living a more balanced life, which has helped in almost all areas of my life, including work. I think giving $1000 to a flood or fire victim gives me 10x the return on happiness as hitting a new $100,000 net worth milestone. + +Anyhow, just wanted to share my two cents :-) +Basically a title. I don’t know much about interest rates maths and how it practically affects the real world. But when I thought about this, it made sense. Can somebody explain if this statement would be true under given circumstances and if there are any other a good uses of inflation like this case? And what are some clever ways to use bank loans? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +We get it - you might not be in this for the long run. Why not take advantage of an opportunity when its presented to you? + +But please realize that putting your last $100 into bitcoin because Jeff that works in the Home Theatre department told you about going to the moon. + +Wanna get rich? Replicate what bitcoin DID. + +There are alt-coins with technology that puts bitcoin, bitcoin cash, litecoin, and ethereum to shame. Are they easy to purchase? NO. Will it take 1-2 years for them to catch on? YES. Will there be insane price fluctuations that make you sick to your stomach? YES. + +Welcome to fucking cryptocurrency. No one is going to do the homework for you. No one is going to click the buy button for you. No one is going to stay up late at night with you when the shit falls 40% in 3 hours. It takes balls to ride this ride - this early in the game. + +Find the coins with the best tech - small market cap - somewhat low supply (depending on the intended use) - good development team - active community. Put some money in at the right time - then HODL for the long game. Check back in 2 years and hope for 2000% returns. + +Good luck. +Hello FIRE folks! This is a long personal story but I think it will be helpful for the community at large and especially fatFIRE. + +Background: + +16 months ago my residence had a fire. Everyone was fine but the house and contents were gone. I was insured to the maximum that my carrier would allow, including 50% overage for reconstruction costs and had separate insurance for the big ticket items like jewelry and coin collections. I thought I was pretty good so far as coverage went... I was not. Here's the break down of why and how to avoid the same fate. + +Homeowners Insurance coverage 101: + +Coverage A: Also known as dwelling. This is the coverage for the main house. Basically anything permanently attached to the foundation beneath your bedroom and kitchen qualifies as coverage A. + +Coverage B: Coverage for any permanent structure not attached to the foundation under your kitchen/bedroom. In my case that coverage includes my garage/workshop and the pool house. They were not affected by the fire. + +Coverage C: Personal property. Basically this is anything that would fall out if you picked up the house flipped it over and shook it. + +Coverage D: Loss of use. This pays for you to live elsewhere while you have nowhere to live. (To an extent.) + +The insurance industry offers coverage based on percentages pegged to your coverage A limits. Coverage A is determined by formula derived from your most recent appraisal, home square footage, and their secret sauce analysis of rebuild construction costs. So if they think your house would cost $200,000 to rebuild from scratch that's where you start, even if the house cost 400k to buy (or only cost you 100k when you bought it 15 years ago). The rest of the coverage then has a percentage based on your coverage A. It looks something like this. + +Coverage A: 200k +Coverage B: 10% of A (20k) +Coverage C: 50% of A (100k) +Coverage D: 20% of A (40k) + +These coverages are industry standard and can only be negotiated within a standard set of parameters based on carrier policy. Basically they won't let you insure a house that they think costs 200k to replace for 500k because if they did you might be tempted to burn your own house down. They will however let you negotiate a little more coverage. I negotiated as much extra as I could and got the following + +Coverage A: 250k + 50% overage protection (This means that they will pay me up to 250k for the loss, but if I provide proof that it cost more than 250k to rebuild they will pay up to an additional 125k to my contractors after the build.) + +Coverage B: 20% (40k) This is double the standard and was the most they would give. + +Coverage C: 70% (175k) This took significant negotiation and I had to stress specifically how nice my stuff was and it was also a very expensive add on. It nearly doubled my yearly cost in and of itself for only 50k of addition payout. + +Coverage D: 20% of A (50k) My carrier wouldn't budge on this one for any amount of money. + +In addition to that I maximized all the relevant blanket coverage buckets for all our expensive stuff. That takes up individual limits for certain types of things. It does NOT extend additional coverage beyond the C maximum, but it does allow more coverage for those items. In my case it was all my hobby stuff and my wife's daily wear jewelry. A thief might steal $15,000 worth of camera gear in one backpack, and without the addition my carrier would only cover $5,000 or my wife's necklace worth $2,000 might get stolen but without the additional blanket they would only cover $1,500 per piece. This is great for theft but this was a total loss and I ended up significantly under covered. That's mistake number one and it makes for a good transition. + + +Mistakes, problems, and suggestions: + + +1. Under coverage A: As a FIRE adherent I minimize my hard monthly spend. It's a big reason for my FIRE success, but it also means my house is significantly smaller and in a much less posh neighborhood than I could afford. This leads to a nicest house on the block problem in that my house value is capped by neighborhood so no matter how nice my floors are or what my kitchen appliances and cabinets cost the appraisal part of my insurance coverage formula will be low. + +The lower square footage from buying a house that fits me rather than one that fits my budget means another input to the formula is also low. That's means that from the start I'm super under insured for Coverage A, and if you are also living in the nicest small house on your street so are you. + +I knew that going in which is why I had the additional coverage A to the maximum that I could AND the overage protection. Because of that after 18 months of construction I only ended up paying $25,000 out of pocket above my insurance. Put another way, they thought it would cost 200k to rebuild my house, I thought it was worth paying in case it cost 350k and it actually cost 375k to rebuild my house to code. The 25k will come out in the wash with everything being brand new so I call that a qualified success in mitigating the under coverage from FIRE type living but with recommend coverage we were standing at a potential loss of $175,000. + + +2. Under coverage D: Loss of use is designed to allow you to continue your life in the event of a disaster. First night and really first week take a hotel and process. After that the insurance will try to put you in an extended stay hotel. They will come up with a price to do that but they won't tell you unless you ask. You need to ask! My insurance considered my loss of use to be $4500 a month, that's what they were prepared to pay a company to arrange for me to live in an Extended Stay America while my house was rebuilt. + +Remember earlier though my maximum pay out for coverage D was $50k, that's only 11 months of coverage and it took 16+ months for construction to finish. (Its been 16 now and I still don't have a dishwasher) At their rate I would have spent all of 2020 living in a crappy hotel and I would have then had to pay for that privilege for an additional 4 months. Do not let them do that to you. It took 2 days of fighting on the phone but I got them to agree to pay me the loss of use in two chunks; half up front, and the remainder after the 50% construction sign off. That allowed me to buy an RV cash and keep digital nomading on my own terms rather than be in a crappy hotel. It could also have given me the down payment on a house to use until mine was rebuilt and then rent out. The insurance really wanted to send me through their channels but the coverage is yours so don't let them squander it. + +3. Under coverage C: This is where I lost out big. I'm in fatFIRE because I have expensive taste and expensive hobbies. I thought I had planned for that, I increased my camera coverage to cover all my dive camera gear. I increased my firearms coverage to include my Class 3s (Those thankfully survived). I had a few bottles of Opus One in my wine fridge, and an Oban 30 at the bar. I had 3 full sets of technical diving rigs, and a wall display of MtG Alpha Power, etc. I told the insurance about all of it and it was covered... If a burglar had broken in and swiped my Power9 and the camera bag insurance would have cut me a very large check. Even if all of my "valuables" were stolen or destroyed I was covered either by my homeowners or by specific insurance (engagement ring, art, a collectable metals policy for coins). + +But here's the thing the fire took all that stuff AND all my "non-valuables" no thief would be interested in my backcountry hiking gear, but it turns out I had $15,000 in miscellaneous tents, pads, packs, packrafts, boots, skis you name it. Then my wife isn't rocking Birkin Bags but she's got another huge chunk in bags and shoes and makeup that added up. We both had clothes, not talking about expensive suits or designer dresses but 2 weeks worth of underwear and 20 pairs of wool socks and 20 years of picking up one good item when we needed it. Then there was computers and sundry electronics, furniture, books, all the small things that make up a life. That's all considered non-scheduled. It's expensive in aggregate but not worth definitively noting for coverage, and that stuff adds up. + +So the insurance told us to make a list with values and send it to them after the fire. We got about halfway through the house and were already at 250% of our coverage C limit. They told us to stop and cut a check for policy maximum. Our specific insurance paid out on the items that they covered separately, but we still only got paid for about 20% of the replacement value of our stuff overall. + +The lesson here is knowing the difference between additional blanket insurance and Scheduled items. If you have better than average stuff, don't just buy more limits to your blanket coverage, take the time to actually Schedule what you can. I wasn't going to Schedule wine because we drink that stuff, but I could easily have Scheduled the MtG cards because I don't even play now, I only kept the Power for nostalgia and investment. My insurance didn't require me to schedule a $10,000 Rebreather (I asked specifically) but if I had they would have paid for it. Every item that I properly Scheduled or separately insured I was covered for, and that insurance was cheaper than the money I paid for the additional 50k in Blanket coverage. Everything I counted on blanket coverage for paid $.20 on the dollar. + +4. The second loss: Up until 2016 if you had a catastrophic personal loss like a house fire you could write off the unreimbursed loss on your taxes. The Tax Cuts and Jobs Act made it so that deduction was only applicable if you were part of a Declared State of Emergency. I knew I was a little under insured when I bought the house but I missed that change in the law, I didn't realize that I was operating without a safety net. As a bit of interest that deduction didn't go away for business use, so the dedicated office space loss for my wife's business was deductible as was the business property lost, but the personal property loss we just had to eat. We finished the list and it came in right around $750k of which we got back $125k. + + +Whew that was sure a long and involved story Mr. FatBeardedSeal, you lost me halfway through, what should I take away? + +Homeowners insurance is designed for average homeowners. FIRE people aren't average homeowners, we house hack and downsize and live well within our means. FatFIRE people have many of the same trappings of our workaday compatriots but don't necessarily look the same on paper. Because of that we are at high risk to be under insured, even when covered to the carrier maximum. So take some time soon to go over coverage and probably Schedule or separately insure big ticket items so you aren't left with a significant loss at the worst possible time in your life. + +A fire will suck, even if everyone is fine and nobody gets hurt your life is in shambles and no one will make you whole. But proper planning helps, and the planning is more nuanced when you're FIRE than it might seem at first glance. +Hi folks! + +4 days ago I said that if Hertz did not declare bankruptcy before Monday, I would eat my left shoe. Link to post: + +[https://www.reddit.com/r/investing/comments/gm7ekx/hertz\_to\_pay\_executives\_key\_employee\_retention/](https://www.reddit.com/r/investing/comments/gm7ekx/hertz_to_pay_executives_key_employee_retention/) + +Well, I was right! Hertz has filed Chapter 11 bankruptcy. Link: [http://ir.hertz.com/2020-05-22-Hertz-Global-Holdings-Takes-Action-To-Strengthen-Capital-Structure-Following-Impact-Of-Global-Coronavirus-Crisis](http://ir.hertz.com/2020-05-22-Hertz-Global-Holdings-Takes-Action-To-Strengthen-Capital-Structure-Following-Impact-Of-Global-Coronavirus-Crisis) + +It's over - I hope you bought many puts :) + +Thanks to Hertz, I can continue wearing my favorite shoe! + +Best of luck to all. +I was just curious as to whether anyone has done this before and if it's worth it or not. Taking a step back it is clear that if you are good at what you do (high skilled profession like engineering, finance, marketing), you can almost certainly get paid far more for your profession in the US then in Australia, where to get even 200k you need to be in the top 4%. That being said there is also a lot of advantages living in Australia. Overall, would it be considered a good idea and worth it to go to the US just for the increased possibility of earning a high salary? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +So I downloaded Yolt, which has given me a breakdown of my past year's spending. + +I was shocked by how much I had spent the past month: + +1. Takeaways: **£116** +2. M&S: **£190** +3. Hello Fresh deliveries: **£140** +4. Amazon deliveries: **£324** + +Takeaways range from £10-£20 via Deliveroo for a single person! So it's easy to see how you could end up spending over £100 on takeaways if you have a couple over a weekend. + +Hello Fresh was convenient (especially when I was going through a depression) but it does come at a cost. I was spending around £30-£40 a week, which was only enough to cover dinner and lunch for 5 days. + +M&S was where I was doing all my additional shopping. I'd usually go there on a Friday, stack up on Ciders, Sweets, Milk etc.. However I had no idea I was spending nearly £200! Honestly don't know how this happened. I guess I do find myself shocked occasionally when I only buy a couple of Kopperberg ciders and some sweets, and find I've spend around £10. + +As for amazon deliveries, some of this was probably necessary, like my electric toothbrush. But I can bet at least half of it wasn't. Just dumb stuff that I really didn't need, or could have found cheaper elsewhere. + +Anyway, the shock encouraged me to change my buying habits this month: + +1. I uninstalled deliveroo. No more takeaways for now! +2. I no longer shop at M&S. Instead, I take a walk to Aldi. This is not only good for exercise, but I'm saving so much money shopping there. I think I ended up only spending £28 on an entire week's worth of food shopping last Saturday. At M&S, I'd be lucky if it was under £50. +3. No more Hello Fresh. I may go back to this when I'm earning more, as I did rather enjoy it. But right now, it just isn't worth all that extra money. As I said, I was spending £30-£40 a week or so just for dinner and lunch (for 5 days). At Aldi, I'm spending under £30-£35 for all my meals and snacks (for 7 days). +4. Before I buy anything on Amazon, I double check with myself whether I *really* need it, or if there's a cheaper alternative somewhere. So far this month, I've only bought a couple of cheap Kindle books. + +Checking my savings, I think I'm now on track to save around £800 this month (not including my pension contributions), which is about half my Net monthly salary. Last month, I actually ended up digging into my savings - which is what prompted me to download Yolt. + +Anyway, thought I'd share this. It's easy to fall into a trap of thinking your saving as much as you can. But all that money your spending each week adds up. It's hard to think that a £10-£15 takeaway is really going to impact much on any given night. But when you get two takeaways on a weekend, that can have a huge impact, especially if you're not earning a lot. +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. +# The final NFT Feature "NFT Trade" is now being tested in production on GameStop NFT + +You can view the transactions on Loopring Explorer. + +*This began only in the last* ***24 hours.*** + +[https:\/\/explorer.loopring.io\/transactions?type=TradeNFT&page=1](https://preview.redd.it/3ijygta1ymp81.png?width=3250&format=png&auto=webp&s=bc62f9df644252c77b15f01144ade919b612d276) + +&#x200B; + +[March 18th Tweet](https://preview.redd.it/rht5d4e2zmp81.png?width=1473&format=png&auto=webp&s=1123fa65950804021a77f189847a3ab1bebf3479) + +[https:\/\/explorer.loopring.io\/nft\/0xaf89f1430faed758435c3ca457a0ff9014ce6015-0-0x9e1b5eeca45101dc4c01ab76433d6a2659572f0b-0x45ab33c100bb191dec3d778f2d33d9dbd6c6d379fa2a006acf77bd1766763d75-10](https://preview.redd.it/n0048j85ymp81.png?width=2819&format=png&auto=webp&s=4f226935f9f9e69dbdaea085b335bb8218612322) + +&#x200B; + +One of the test trades is actually with a MetaBoy. I think this confirms our suspicion that MetaBoys are actually part of the first Blockchain Game that will launch with Alpha GameStop NFT. + +https://preview.redd.it/m2vyj4ggymp81.png?width=2863&format=png&auto=webp&s=47ebc54e2b94319b0387b0ee7e017a9c5dc83d02 + +Everyone remember this game: [https://nft.gamestop.com/runner.html](https://nft.gamestop.com/runner.html) + +&#x200B; + +https://preview.redd.it/xf1vifqbzmp81.png?width=2464&format=png&auto=webp&s=84991470012ab734eb379ed72f55d9b89623e459 + +We think GameStop will award first users of Alpha an NFT of MetaBoy that can be used in their first runner game. It will be pretty cool. Credit /u/boristheblade223 & /u/LetsBeatTheStreet + +**Now things get SPICY!** + +One of the trading addresses: [https://explorer.loopring.io/account/94072](https://explorer.loopring.io/account/94072) + +View it on L1: [https://etherscan.io/address/0x61a80d1792340c2a03e739202980e69467459a8b](https://etherscan.io/address/0x61a80d1792340c2a03e739202980e69467459a8b) + +Was funded by **Matt Finestone 229 days ago** + +&#x200B; + +https://preview.redd.it/4mgntdjszmp81.png?width=3101&format=png&auto=webp&s=47a9fa12a1d339816a30dd950e7ad406ef0c35ee + +This address bought 3 of the NFT Spike Test NFTs in the last 24 hours. + +This account also bought the ENS: [**gamestopnft.eth**](https://etherscan.io/enslookup-search?search=gamestopnft.eth) 305 days ago! This has been in the works for a year: + +&#x200B; + +[https:\/\/etherscan.io\/tx\/0xa73ccbc65c0af6d75ed1788c580eaff9b53d2c3e56158748e982c0a0ee65e708](https://preview.redd.it/hngx17vg0np81.png?width=2683&format=png&auto=webp&s=fb0148ea534355c7c95d1f05b1376491a9355a2a) + +and + +**powertotheplayers.eth** 301 days ago + +[https:\/\/etherscan.io\/tx\/0x80456b7c651aa7e2bfc95db8269dc44feb2b96080acfa69e0adfd59ee6897e48](https://preview.redd.it/nngxwhzs0np81.png?width=2513&format=png&auto=webp&s=90d42067a62ce532bf2b862a01d2bda36e14fc85) + +**This has been in the works for over a year! The LONG GAME!** + +There is also a feature called NFT Swap and we've seen nothing yet on that, I'm not sure if this is a critical function to launch Alpha but I don't think so. + +https://preview.redd.it/yt8vfd100np81.png?width=3237&format=png&auto=webp&s=7933fe0cbc7b0be82309ecb70d23d50bdca700c5 + +If we are in final production testing that means everything passed their sandbox environment. + +I'd say we're in the final stages... + +Tuesday morning? + +**GAME ON ANON!** + +**TLDR:** +NFT Trading is now being tested in Production on Loopring. We are very close! + +One of the testing accounts was funded by Matt Finestone 229 days ago. + +That same account also bought the ENS **powertotheplayers.eth** 301 days ago and [**gamestopnft.eth**](https://etherscan.io/enslookup-search?search=gamestopnft.eth) 305 days ago. This has been in the works for a year! + +Edit, I'm going to start doing the twitter thing, I guess: [https://twitter.com/EndOfTheWake](https://twitter.com/EndOfTheWake) +This seems like Value Investing heresy to me, with the double whammy of it being in a retirement account, where it would seem you'd want to err on the side of capital preservation over speculation. It certainly creates some interesting cognitive dissonance with everything else posted there. +This time it's: FROG, KLIC, and UP. + +While deeper analysis is possible for some of these, the goal is a concise elevator pitch, in line with what Peter Lynch recommends when making decisions to buy or sell. I included everything that I thought should satisfy a curious investor. Once you're done, give me some more to look up. + +Edit: I realized the YouTube link didn't copy over for FROG, so I just added it. + +# FROG + +**Summary of Operations** + +Jfrog is an interesting company, describing itself as part of the “DevOps” industry. It’s not easy to put this company’s operations into simple words. It has a platform, the Artifactory, that essentially allows businesses to centralize and synchronize their software needs across the company, for a variety of benefits. Thankfully, they made a [video on their YouTube](https://www.youtube.com/watch?v=r2_A5CPo43U) that helps to visualize it. It’s only two minutes, so I suggest watching it. + +Their customers are diffuse, and their 10 largest only account for about 7% of revenues. Nearly all revenues come from subscriptions. While they reported a loss, much of this is due to share-based compensation. Operating cash flows are consistently positive. + +**Strategy** + +They acquire customers with a flexible product, allowing free-trials and tiered subscriptions to suit customers’ needs. With investments in their inbound sales team and improvements in their technology and features, they aim expand on their current accounts and grow with new accounts, new features, and expansion in a global market. + +Overall, the company seems to be keeping a general plan. The company has almost no debt, but it does sell shares to raise capital. The number of shares has more than tripled in the last couple of years, but some of this is due to the conversion of preferred shares in 2020. + +**Growth and the Future** + +The DevOps industry is a novel one, and even Jfrog realizes this in their own annual report, and there are not clear patterns yet, like with the autoindustry. This makes growth trends difficult to anticipate. + +>A limited-functionality version of JFrog Artifactory is licensed under an open source license, which could negatively affect our ability to monetize our products and protect our intellectual property rights. + +This is from their 10K’s Risk Factors. It suggests that, while their product is good, it may not have a moat if free riders arise. Even so, its operating cash flows are positive, and it’s growing, which indicates that its customers (some of which are big names) see value and will likely continue to see it. + +It’s just unclear if share dilution and the cash devoted to capex will be worthwhile. + +**Valuation** + +Given cash spent on investments and depressing effects it has on free cash flow, I will not attempt a valuation. + +* Growth Assumptions: N/A +* Intrinsic Value Per Share: $N/A + +# KLIC + +**Summary of Operations** + +Kulicke and Soffa (K&S) makes and sells capital equipment and tools for electrical and computer parts, mainly for semiconductors. + +The company enjoys an operating margin of about 27%. Compared to last year’s results, they showed a good ability to increase revenues without a comparable rise in operating expenses + +The company does very little business outside of the United States and mainly makes sales to the Asia/Pacific market. Their customers are becoming increasingly concentrated, with the top ten accounting for about 60% of sales. Despite the cyclicality of their industry, they are consistently cash-flow positive. + +**Strategy** + +The company tries to stay ahead changes in demand by letting their customers try out their product and keep their feedback a part of the development process. This also strengthens their relationships with their accounts. Their balance sheet is very healthy and free of debt. + +**Growth and the Future** + +K&S believes there is room to penetrate other markets and expand their product line. Given the current semiconductor shortage, there is probably room to realize near-term growth opportunities like this. The company also has a steady buyback program and is sitting on a large pile of cash, with no looming debt. These are comforting signs. + +I will, however, highlight this passage from their 10K’s Risk Factors: + +>Alternative packaging technologies have emerged that may improve device performance or reduce the size of an integrated circuit package, as compared to traditional wire bonding…Given that a majority of our revenue comes from wire bonding, a reduced demand for our wire bonding equipment could materially and adversely affect our financial results. + +I tried to see just how risky that is, and it’s unclear. In scarcity, people may not care about these subtleties of their semiconductors, but when the cycle reverses, and supply has increased to meet demand, K&S could be vulnerable to customers who now have the luxury of choice. Buyers should keep an eye on their dependency on wire bonding, and I will do so as well going forward. + +**Valuation** + +Across the cycles of the last decade, the company has averaged about $103 million in FCF each year. + +* Growth Assumptions: 10% first 5 years; 5% second 5 +* Intrinsic Value Per Share: $20 + +# UP + +**Summary of Operations** + +Wheels Up works in on-demand private aviation and provides a platform to match passengers with flights. Apple and Android users can install an app that matches them with a private flight suited to their needs. Flights are conducted with a fleet of aircraft that are variably owned, leased, managed, or belong to third parties. + +Revenues are derived from memberships, flights, aircraft management, and other sources. Flights account for the vast majority of these revenues. Members are divided into Connect, Core, and Business. + +**Strategy** + +The company believes that it has a unique platform and network of resources that would be difficult to replicate (it believes it has a moat), while operating in a highly fragmented environment. It has made significant investments in its sales team to acquire customers and formed strategic partnerships to tap onto customers bases, such as with Delta and American Express. + +**Growth and the Future** + +The company has not consistently been cash-flow positive. It also indicates that the market for talented captains is competitive and gives out equity positions to them. I suspect share dilution through incentives and to raise capital will be an ongoing problem.