diff --git "a/reddit_finance_43_250k_187.txt" "b/reddit_finance_43_250k_187.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_187.txt" @@ -0,0 +1,10000 @@ + +Here's how: Go to a 4 year school and pick a few degree requirements that you're interested in. Then get a transfer list between that school and your local community college. For 2-2.5 years take all the first year classes at the community college. Than look at your favourite 4 year degree school class requirements sequence and do those classes at year 1-2.5 (look at the will transfer class list) + +After this transfer the classes to the 4 year school and finish the classes that you can't take at the community college. + +While this is going on start working part time at McDonalds they now have a generous part time tuition reimbursement. Other replacements are Home Depot, Chipotle, UPS, Starbucks and T mobile. (You only have to work part time)[Some of these companies require 90 days or a year of employment before the tuition reimbursement but it's ok because most of the cost will be in the last 2 years] + + Also getting a marketable degree helps in your pay rate hope this helps! + +Edit: Wow I didn't expect this to blow up it's actually a reply to an r/jobs post complaining about the lack of pay after spending $50,000 or more on a degree. + + I also didn't mention getting grants will cut into tuition. Getting scholarships during the transfer will help alot. This post was mostly for people that didn't take school seriously in high school and they don't have the military, family or the government to pay their school. Living with a family member or a bunch of friends to cut down your living expenses this is pretty important and commuting to college also helps. +The fire calculator that u/EngagingData put together is seriously great. I've seen it mentioned in a couple of comments, but I thought it deserved it's own post. + +I really like the way you can play with the inputs and instantly see how the path to FI changes with things like savings rate, market returns, asset allocation and other things. + +[https://engaging-data.com/fire-calculator/](https://engaging-data.com/fire-calculator/) + +in fact, I think it should be added to the sidebar (especially since networthify, which calculates a similar thing, but not as well, doesn't seem to work anymore, i get a gateway error). Can a mod post it there for all the newbies (including myself) can find it and use it. + +​ + +**Edited to add info based on the comments:** + +1- This is primarily a *pre-retirement calculator* . this means it will calculate how long it takes to get to some target amount of invested money. + +2- If you want to figure out how much money you need in retirement, the calculator just uses the 4% rule on retirement spending, but u/EngagingData has a *post-retirement calculator* you can use to dial that fire target number in more carefully here: r/[https://engaging-data.com/will-money-last-retire-early/](https://engaging-data.com/will-money-last-retire-early/) . It also brings in life expenctancy into the picture as well. + +&#x200B; +First some background - I have a Kotak Assured Income Plan. After continously paying premiums for 10 years ( total premium payment term of 15years) I realized that this money was going down the drain. I asked for the surrender amount and I was informed that I will be paid 55% of the total premium that I had paid! I asked what would be the reduced payouts if I stopped paying premium, but there was no clear response. So I decided to surrender it. + +Now while asking for a surrender. They want the original policy document. I am submitting all my KYC documents, a cancelled cheque - which is from the same bank account via which I have a NACH mandate for deducting my premiums. So just curious why do insurers still want the policy holder to keep the original document safe and submit it with application. + +I can understand this requirement a decade back. But in this digital environment, it seems like a relic from the past. I would be happy if someone from the industry can clarify, this quaint requirement. + +EDIT: + +I am also curious , why some of you had surrendered the policy. I have done some calculations (using IRR) It doesn't make sense to me. Let me know your thoughts. + +[https://docs.google.com/spreadsheets/d/1yIqG0wtE63UgxaJlKa2zgQczhaUrreApCpV35KCFPWE/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1yIqG0wtE63UgxaJlKa2zgQczhaUrreApCpV35KCFPWE/edit?usp=sharing) +In this video, Ray Dalio talks about the rise and fall of different economic powers over the last 500 years. I felt in a (not so) subtle way he was also indicating towards China rising to be the next global power. What are your thoughts on his ideas after watching this video (highly recommended if you haven't) or reading his book? + +[https://www.youtube.com/watch?v=xguam0TKMw8](https://www.youtube.com/watch?v=xguam0TKMw8) +\*Sorry for bad English\* + +I want to know about the safety matches business in India. My family makes safety matches since the '70s, for about past 10 years many companies have been shutdown our business is dull too. But after my father's struggle, he holds the company still running. Now he gets more orders than before but we can't produce the quantity they demand because of a lack of employees so He thinks of buying a machine that would do work of 100 people but it costs more than rs.90 lakhs so he should take a loan. He is 47 but still passionate about business. He marketed our brand by going on to the business areas and sell it shop to shop. Would the safety matches be a good business for at least 10 years? He needs me to join and help him. + +Is it wise to take a loan? +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. +I'm a prime subscriber and buy a good bit of products via amazon. + +I've been thinking of getting the Amazon credit card to get 5% back but I would only use it on Amazon because I can get 2% or more back everywhere else with my other rewards cards. + +Has any one else here done this? Is it worth the extra hassle of having another credit card to pay off every month? +I have just finished paying off an installment loan. + +158$ biweekly is no longer being taken from me. + +I managed to save over 90$ in fees and interest by paying it off early. + +I did this by sending 20-15-30-40$ at a time on top of regular payments. + + +I had another one that finished in November. That one was 181$ biweekly. + + + +I've left to go. 2600$ at 76$ biweekly. 35% interest rate. + +I'm hoping to have that cleared soon. + + +Then it's on to the credit card debt. (2500) + + + +There is light at the end of the dark tunnel. + + +Feeling much lighter. +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! + +Mines and Mining Development Minister Winston Chitando said with Invictus Energy now at advanced stages of exploration, Government had since signed a petroleum exploration development and production agreement (PEDPA).“The oil company has entered into a production sharing agreement (PSA) with the Republic of Zimbabwe with an intention to make significant investment in exploration and production of petroleum and natural gas in the country,” Chitando told delegates attending the Chamber of Mines of Zimbabwe annual indaba at Elephant Hills in Victoria Falls. + + +https://www.google.com.au/amp/s/www.thezimbabwemail.com/business/zimbabwe-races-time-as-oil-and-gas-fdi-falls/amp/ +The SEC is not on your side. They exist purely to stifle retail from gaining monetary momentum. The SEC is full of smart people that know how to fuck you and suck the deep pocketed man in the room. Never forget that the SEC does nothing in your best interest, only its own. That goes for all types of investing, especially web3 or crypto. They rigged the stock market how they wanted it and now they are gunning for DeFi. + +Edit: According to Marc Cuban's April 25th tweet, the SEC wants to silence lawsuits they lose with gag orders. Which prevents us investors from learning about and from them, which does affect precedent. +Less than an hour ago, someone on here [posted a story](https://np.reddit.com/r/CryptoCurrency/comments/svj6wk/bitcoin_miners_revived_a_dying_coal_plant_then/) from the Guardian titled "Bitcoin miners revived a dying coal plant – then CO2 emissions soared". It's an interesting story, you should read it. Factual, well-informed reporting, as most articles are in the Guardian. Honestly, that article is more informative and interesting than 99% of the articles that usually get posted. + +However: it highlights a negative aspect of crypto, or more specifically PoW/ Bitcoin, and shows that this "they exclusively use renewable energies, BTC is good for the environment!!" narrative is, of course, not true. For that reason, it received negative karma, with the first comments being stuff like "Typical crap to come out of the guardian" and just "Ffs". + +At the same time, [a post re-warming a dodgy survey from 2 months ago](https://np.reddit.com/r/CryptoCurrency/comments/sviv3o/recent_survey_shows_83_of_millennial_millionaires/) that was already posted 1000 times back then but is "bullish" for crypto gets 90% upvotes and voted to "hot" and nobody questions whether those numbers are true. + +Come on guys. You can do better. +Am I missing something here? These ETFs have a long history of paying a decent dividend never low enough that I would take a loss on the margin. I admit that I might be missing something here though. + +Buy** +Hello, I want to build a small high dividend portfolio for the next 3 years, to cover some bills that will build up during my college time. I plan to use 1.000€. I thought about getting a dividend yield of at least 8%. Is it worth to go maybe even higher with the yield or is it to risky?. I don‘t really care if the stocks don‘t go up but don‘t wanna loose money on them going down a lot. I‘m open for any feedback and stock recommendations. +Ive learned this recently and it really has changed my life, and I think its important. I may have said a lot of dumb stuff, but my advice ive learned in the past month, even less, for people who have a very tight budget, or people in general. + +It is always said, don't buy something you can't afford. I agree. But that idea is dangerous. + +Instead of saying "i can't afford that" you should ask yourself "how could I afford that". Even for basic things, even wants. Theres some things you wont be able to afford no matter what you do. But, at the end of the day, Either check for expenses in your budget you can eliminate - or find a job or money making thing on the side. 7 hours a week more, most people could handle. At minimum wage,7 hours a weekis an extra $200/m, if you can, why not look for a part time job where you can work 7 hours a week? Or if you can't do that, you can look for a cheaper way to do it. I wanted a new car, but I had a budget of $900. I bought a non running car for $300, $300 in repairs, and now I have a considerably \*nice\* car, that I got for dirt cheap. And its not like thats something rare. If a car needs work, it is almost always insanely underinflated in price. I saw a truck that was prob worth $3k at least, maybe closer to $5k if additional work was done. $900, Why? needed transmission work. Now, it wouldn't be worth it if you hired a mechanic, but if it were me, I would take the transmission out, which I can do(anyone can, its not really hard, just takes aggressive googling), and go ahead and drive it to a tranny specialist. The majority of the cost would be just removing it and putting it in. + +Thats how to not be a victim of poverty. Most people who say they cant afford xxx could afford it if they just asked themselves "what would it take to afford this" +https://www.cnbc.com/2022/04/28/amazon-amzn-q1-2022-earnings.html + +Amazon reported earnings after the bell. Here are the results. + +Loss: Loss per share of $7.56 + +Revenue: $116.44 billion vs. $116.3 billion expected, according to Refinitiv + +It is not immediately clear if the reported earnings per share are comparable to analyst estimates. Analysts were expecting earnings of $8.36 per share, according to Refinitiv. +Over the past few months I’ve been watching stocks fall and monitoring them just as everyone else. I tried to keep a large diversified portfolio and like most of the people my portfolio has been down like everyone else. Except that I’ve noticed that most of my positions are more down YTD than most of the global indexes like sp500 or DJIA. So I kept going over and over the companies and comparing their YTD to sp500 and almost all of them are down way more than the spy. + +Before I go on any further, I work in commodities so I don’t ever directly invest into commodities companies simply because I’m aware of the potential risks and volatility and I guess it makes it seem like a very tough position to trade due to high sensitivity of volatile markets. + +In any case, I wanted to get to the bottom of this seemingly disconnect between the average fall of most of the companies and the overall stock market. It was especially weird because the largest heavyweights are your apples amazons and facebooks. So I looked at the performance of [each individual component of SP500 on a YTD basis](https://www.slickcharts.com/sp500/performance). I knew that the oil and agricultural stocks have done well this year but the extent has been baffling. Going through the list I got spot 26 (25 actually due to 1st place glitch) before I could find any company that was up YTD that is not agricultural, commodity or oil related. And the pattern sticks. Out of the 127 companies still green YTD I believe about 90% are oil, agricultural or other commodities related companies, with a much higher skew in the top gainers. + +So you might ask yourself, so what? We all knew oil and agricultural are doing well this year, what does have to do with the market overall? Well, I keep seeing on a daily basis discussions and charts about how the market is “only” 20% down and if the history is a guide then there’s more pain to come. I mean could be, I’m not claiming to know the future, but what I am trying to say is that very unique market conditions are giving a wrong impression of the market. Unless you’re specifically invested in commodities, most of the companies you own are already down YTD what they would in a typical market crash (eg Amazon down over 40%). A market crash of 30-40% is quite standard and taking away the outlier of commodities we’re right around that mark. Nasdaq is closer to 30% and at this point it’s probably a more fairly accurate representation of the state of the market. Looking back at previous recessions (2007 and 2001) I cannot pick up a pattern of multi-trillion dollar industry enjoying an unprecedented level of success at a time of general pain and bear market I.e. I do not believe that the skewed market conditions are representative of normal market crashes. + +This is a working theory and I’m happy to have it critiqued and discussed +Hi FatFire. My husband and I adore this community. Usually we discuss, he posts, and we learn from your answers. Thank you for providing such great advice and support. + +We are trying to start a family. We want multiple kids. But I’m scared of what having a baby would do to my physical, mental, emotional well being — starting from the actual delivery. Many of my friends had horrendous delivery and recovery that were life threatening or traumatic. Anything that can dramatically make this process easier (especially making the first time a good one) is money well spent to us. + +What resources can be helpful for you in the birth to 3-6 month stage if cost wasn’t a factor. For context we are fat not fire (who is though?) + +We definitely would get a night nurse or some type of nanny. We aren’t considering surrogacy for our first. + +FYI in Korea (where I am from) most women go to postpartum care facilities. My HNW friends go to the nice ones that are 10k/ week which they’ve said is 100% worth it. 3:1 nurse to baby care, catered nutrition, yoga personal training, skincare for floppy bellies… If logistics and family politics were easier I would give birth there. I’m looking for ways to make the experience as great in the US. + +Thank you so much! +**Listen up Retards, I have no idea idea what I'm talking about, but you should stop panic selling and get back in GME, HODL, and DO NOT LOOK at your balance for the next six months.** + +I'm late to GME and bought into the hype. Every day I've been tracking GME and got really close to selling, but before I sold, I decided study u/deepfuckingvalue activity for insights into why GME. I found a comment about that locked me in and want to discuss with you retards. + +The news screams at us that the market is over valued. Time and time again a company has $40bn market cap on a measly $2bn revenue with $500mm profits. Who in their right minds would say a company is worth $40bn when it would take 80 years to see ROI. OVER VALUED TRASH. Even UBER report billions in losses but institutional investors are still riding a wave on overvalued trash, why shouldn't we do the same? + +GME is a good buy compared to loads of other OVER VALUED trash on the market. + +>People talk up the demise of GameStop yet here they are about to generate over $2b in revs in a single quarter at the tail end of a console cycle. - u/deepfuckingvalue + +$2bn in revenue in a quarter is not bad. In 2020, GME had revenues of $6.5bn with $300mm in losses down from $8.3 revenue with $491mm in losses in 2019--their worst year since each year before they were turning a profit. Amid a global pandemic GME manages to hold onto revenue and contain losses, they even came close to a profit in Q420 with only $20mm in losses down from $84mm in Q419--amid a global pandemic with Q420 ending in October and not including holiday sales. + +Look at UBER and SNAP. In 2020, UBER had $14.15bn in revenue AND $8.6 BILLION IN LOSSES yet currently $113bn market cap. OVER VALUED TRASH WITH HUGE LOSSES. Or SNAP. In 2020 it had $2.5bn in revenue, $945mm in losses and currently has $94bn market cap. OVER VALUED TRASH WITH HUGE LOSSES. + +If GME is over valued trash like these smart buys then it must be valued at $100bn, maybe $50bn. But wait, GME market cap rests at a modest $3.4bn. WTF?? So you mean to say GME's revenues are 2x its stock market value while closing in on losses but UBER and SNAP are killer buys with $100bn market cap with no end to their bleeding $$. THE EXPERTS SAY ITS BECAUSE THE SHIFT TO DIGITAL!!! + +>The “shift to digital” thesis is way overblown. - u/deepfuckingvalue + +The financial news screams at us saying digital has killed brick in mortar, blah blah blah, we live inside computers now--see PROOF we are on WSB ALL DAY!! If brick and mortar were dead then why would Amazon purchase Whole Foods? Why do companies like PELOTON have retail stores ALL ACROSS THE COUNTRY? Why did e-commerce sales only represent 11% of all retail sales in the US in 2019? BECAUSE THE SHIFT TO DIGITAL IS WAY OVERBLOW BULLSHIT THEY FEED US. + +GME has losses, sure, but they are containing costs with revenue exceeds their entire stock market value. GME is bringing in loads of $$ and their nearly contained losses are way under leading trash-buy stocks like UBER and SNAP. Brick and mortar is alive even in a pandemic--just wait until after the pandemic. People like to visit shops and get their buy on quickly--that's why AMZ bought Whole Foods and online retail only represents a fraction of brick and mortar retail sales. GME is not going anywhere anytime soon. GME is undervalued compared to the rest of the trash on the overvalued market. That's why I'm holding, will stop looking at the ticker price, and will no longer join in discussion about GME on WSB. + +See you all in the summer of 21 ✋💎🤚 + +This is not financial advice. I have no idea what I'm talking about. I just like the stock. 🚀🚀🚀🚀🚀🚀 + +<a class="embedly-card" href="[https://www.reddit.com/r/GameStop/comments/eoak9y/gme\_reported\_preliminary\_holiday\_sales\_nineweek/fecg4if](https://www.reddit.com/r/GameStop/comments/eoak9y/gme_reported_preliminary_holiday_sales_nineweek/fecg4if)">Card</a> + +<script async src="[//embed.redditmedia.com/widgets/platform.js](//embed.redditmedia.com/widgets/platform.js)" charset="UTF-8"></script> + +GME: [https://www.macrotrends.net/stocks/charts/GME/gamestop/financial-statements](https://www.macrotrends.net/stocks/charts/GME/gamestop/financial-statements) +UBER: [https://www.macrotrends.net/stocks/charts/UBER/uber-technologies/income-statement](https://www.macrotrends.net/stocks/charts/UBER/uber-technologies/income-statement) +SNAP:[https://www.macrotrends.net/stocks/charts/SNAP/snap/income-statement](https://www.macrotrends.net/stocks/charts/SNAP/snap/income-statement) +PTON Showrooms: [https://www.onepeloton.com/showrooms](https://www.onepeloton.com/showrooms) +E-commerce: [https://www.statista.com/statistics/187439/share-of-e-commerce-sales-in-total-us-retail-sales-in-2010/](https://www.statista.com/statistics/187439/share-of-e-commerce-sales-in-total-us-retail-sales-in-2010/) +Viram (CEO, co-founder) and Darwin (COO, co-founder) would be with us this Saturday for an AMA. + +#### Time: 8 p.m. IST - 11:00 p.m. IST + +Within our community, we've seen lot of interests about investing in US equity and other asset overseas asset-classes, in last few months. + +We hope Darwin and Viram can help you get your queries answered, about Vested, investing in US, and investing in general. + +If you won't be available during aforementioned time-slot, you can post your queries here. We'd move those to the AMA thread on Saturday, once the AMA starts. + +#### About Vested and its founders + +Viram is an engineer from Mumbai University and an MBA from UC Berkeley-Haas. + +In his earlier role, Darwin was a process engineer developing next gen chips at Intel, he is an MBA from UC Berkeley-Haas. + +Darwin originally comes from Indonesia where he too felt the pain of being unable to diversify his portfolio internationally. He is passionate about research, analytics and data. + +The idea for Vested was born during Viram's investment banking days at J.P. Morgan in Mumbai when he was covering global companies but could not invest in them in an easy manner. Viram is an engineer from Mumbai University and an MBA from UC Berkeley-Haas. + +You can learn more about Vested and the minds behind this, here: https://vested.co.in/our-story + +In Viram's own words, + +> At Vested, we are on a mission to enable sustainable wealth creation by allowing local investors to go global. + +> As the first step, we're working towards making US market access simple and cost-effective for Indian investors. We enable commission-free investing in a curated list of 1,000 stocks and ETFs, provide simplified fund transfers, simplify tax tracking, and help in portfolio creation via our pre-built portfolios called Vests. +If you have been consistently profitable for a while now, what was the “lightbulb” moment that took you to a place of consistency? Was it a strategy breakthrough, a mental hurdle, etc.? + +I have been studying and working at this for about 1 year now, and while I am much further along than 12 months ago, I still have a ways to go until I lock in a strategy that fits me. So would love to hear from you more experienced traders what your “aha” moment/s was/were. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Paypal has a limit of $600 +Paypal is a shit user experience (UX is crucial in fintech) +Paypal copying the APT model, Z1Ps is different + +Overall the BNPL is a growth sector, a player like PayPal entering the game legitimises it further. + +Finally. Why would a merchant be exclusive to one platform at all? Every website I see has options for all the BNPLs. Its going to come down to user experience, brand trust etc. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /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/EKU2tVBp9u) +So to all the noobie traders who got rekt on tech this morning here is what happened + +FOMO retailers moved the pre market up. Me included I grabbed some APT. + +Instos sold the shit out of tech. I only follow BNPL but you can see APT and ZIP have a similar curve this morning. + +Then the retail investors freaked the fk out and panic sold. Along with the index dropping since COVID cases are on the rise in Australia. + +Then we hit our bottom and it is going back up. + +It's basically easy money for the big traders / smart money and all the little fish are left bag holding or panic sold to losses. I for one bought more on the dip but HOLY SHIT what a dip it was. + +So let this be a lesson to new traders / fomo investors. + +1. Don't be scared of COVID the market doesn't care. USA going 66k a day on new cases and NASDAQ About to reach 11k (ATH). +2. Don't panic sell, think rationally. A decent stock cannot lose 20% in a single day, there has to be an end to the selling. Try to find the bottom and buy a dip or just watch the movement, or if you can't handle it. Stop looking period. +3. Big money moves the market, retail traders just need to buckle up and ride it out up or down. +4. Nothing is a sure thing. I see people on hotcopper hyping Zip up to $8 today or $10 by end of week. This aint fking bitcoin. These are real companies they don't just go to $10 in a week lol wtf. +My wife and I are looking to buy our first home by Sept. 2023 as we recently extended our apartment lease for another year and firmly determined not to rent again in the future. + +Given the current market situation, when do you believe is the best time to buy and why? Would it be prudent to wait until next year (some reports forecast 4.5% in 2023) or proceed now that the market has softened (even if it means paying penalties for breaking our lease early)? +I didn't see any posts on this here, so I thought I'd post this here for discussion. Here is a link to an AP article about this: https://apnews.com/article/us-supreme-court-courts-supreme-courts-health-coronavirus-pandemic-157f6feec3197dd34cba492fd1b92f71 + +I don't like this personally as this means that a similar event could potentially happen again. Letting tenants steal from landlords (e.g. living in a place without paying for it) isn't good policy, in my opinion. +**TA;DR:** The available float of GME has turned over 106% in the last 6 trading days. This is odd considering institutional ownership has remained steady at 39% (of float), including shares in ETFs, mutual funds, index funds and pension funds; and we all know DRS numbers are increasing. Possible explanations for high turnover: more shares exist than issued, wash sales, matched orders and/or abusive naked shorts? + +**TA;DR END** + +This is a follow up post that found the available float turning over every 5-9 trading days (month ago): [https://www.reddit.com/r/Superstonk/comments/sr6szi/mr\_cohen\_do\_you\_see\_what\_i\_see/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sr6szi/mr_cohen_do_you_see_what_i_see/?utm_source=share&utm_medium=web2x&context=3) + +Float is defined as the number of shares that are available to the public. This figure is calculated by subtracting the shares held by insiders and those deemed to be stagnant shareholders from the shares outstanding. For GameStop, this is simply 76,339,248 – 12,612,303 = 63,726,945. This is the official float; however, roughly 15 million of these shares have been “locked up” in ETFs, mutual funds, index funds and pension funds for months. We can also see institutions have maintained 39% ownership (of float) since early December 2021.^(1) In fact, institutional ownership increased to 45% (of float) per the latest filings, representing the first increase since May 2021.^(2) + +Furthermore, direct registration of GME shares continues and u/JonPro03 's "trimmed average" shows that there are now 9.97M shares direct registered with ComputerShare. In case you missed it, u/JonPro03 's "trimmed average" accurately predicted 8.9M shares for January 29. Please take a look at this wrinkly's last post.^(3) + +When we take into account DRS, ETFs, mutual funds, index funds, pension funds and institutional ownership, we are left with an “available” or “remaining float” of 25 million shares. The following estimates are from [Computershared.Net](https://computershared.net/). + +https://preview.redd.it/oopvq8jmgyo81.png?width=1428&format=png&auto=webp&s=2a51eef1498add7ffbc9d4bcf332b2d86df39474 + +Reddit Scraper "Trimmed Average" shows that there are roughly 25 million remaining shares. Search the history of [u/JonPro03](https://www.reddit.com/u/JonPro03/) for the definition of trimmed average. Essentially, it trims the top and bottom 5% to establish an average that matched GameStop’s Q3 Computershare numbers. + +https://preview.redd.it/t9hokgxelyo81.png?width=628&format=png&auto=webp&s=13f3de5df37ebff4cb7747d1c2420c2daa8e8d9e + +Based on the volume chart above, we can see that the available float turned over 106% in the last 6 trading days. Where’s the volume coming from? Institutional ownership remains steady (even increasing per the latest filings), including shares in ETFs, mutual funds, index funds and pension funds. Retail continues to DRS. Perhaps, the volume could be explained by large price increases, but we're only seeing 1-6% increases. Are the buy orders being offset by sell orders? If so, where the fuk are the shares coming from? + +Possible explanations: abusive naked shorts? More shares exist than issued? Wash Sales? Matched Orders? + +Per the SEC: + +Wash Sales – a person places simultaneous orders to buy and sell quantities of the same security in transactions involving no change of beneficial ownership of the stock. + +Matched Orders – a person or persons places buy or sell orders for a security with the knowledge that sell or buy orders of substantially the same size and price will be placed simultaneously. + +&#x200B; + +**TA;DR:** The available float of GME has turned over 106% in the last 6 trading days. This is odd considering institutional ownership has remained steady at 39% (of float), including shares in ETFs, mutual funds, index funds and pension funds; and we all know DRS numbers are increasing. Possible explanations for high turnover: more shares exist than issued, wash sales, matched orders and/or abusive naked shorts? + +&#x200B; + +Edit 1: u/JonPro03 updated [Computershared.Net](https://Computershared.Net) to reflect current outstanding shares shown on latest 10K, so the graphic was replaced and some wording was edited. + +&#x200B; + +^(1) [https://www.reddit.com/r/Superstonk/comments/sr6szi/mr\_cohen\_do\_you\_see\_what\_i\_see/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sr6szi/mr_cohen_do_you_see_what_i_see/?utm_source=share&utm_medium=web2x&context=3) + +^(2)[https://www.reddit.com/r/Superstonk/comments/ssrmfk/institutional\_ownership\_increased\_from\_39\_to\_45/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ssrmfk/institutional_ownership_increased_from_39_to_45/?utm_source=share&utm_medium=web2x&context=3) + +^(3)[https://www.reddit.com/r/Superstonk/comments/thdd68/the\_10k\_gave\_us\_exactly\_what\_we\_needed\_to\_know\_to/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/thdd68/the_10k_gave_us_exactly_what_we_needed_to_know_to/?utm_source=share&utm_medium=web2x&context=3) +I've never really seen that discussed anywhere. + +In a real-life example, my development has 80 houses. In the three years I've lived here one house burned to the ground and 20 more needed new roofs from a hail storm. If you figure 80 \* $150/mo \* 12 \* 3 yrs = $432,000 income, less $350,000 for a total loss, less 20 \* $15,000 for roofs = -$218,000. The insurance company (option seller) made money 95% of the months but lost overall. + +The breakeven monthly premium is $225. But if competing insurance companies (options sellers) are only charging $150, it will be difficult for you to sell insurance (options) at a profit. +***REPEATED INFO*** + + +**Introduction**: This post is part of an ongoing monthly early-retirement series that will continue indefinitely, provided that the voting reflects the view that it is still seen as relevant to the community. I suppose that this is my way of giving back to a movement that helped me tremendously on my journey. As this post has become increasingly popular based on the number of views and comments, and as my desire to spend a great deal of the first day of every month on reddit has significantly waned, **my responses might be limited**. Career and background summaries are provided at the end and repeated every month. Please check those sections as well as the comments and posts from previous months to find answers to potential questions. I genuinely appreciate all the thanks and well-wishers, even if I don’t take the time to say so individually. + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772. My maximum withdrawal rate is 3% of each year’s starting balance, provided that the portfolio remains above $1M. Should the portfolio drop below $1M, I will lock back into a maximum $2500 per month ($30k per year) guardrail withdrawal until the market recovers. I realize that this is not the holy Trinity method, but consider these three factors that give us flexibility: a 3% withdrawal rate is below the 100% historically safe mark of 3.2% for fifty-year portfolio survival, the extended bull market peaked us nearly 20% above the original target amount (meaning that $30k annually is actually 2.5% instead of 3% if restarting from the peak); and our actual withdrawal rate has averaged less than 2% of the original portfolio balance thus far due to earning additional income. The budgeted withdrawal amount is $2773 per month for 2018. In 2017, it was $2564 ($2618 adjusted for inflation). + +**Career**: I am a former retail pharmacist who hated his profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, capitalism gone amok, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors (1997-2001) and a doctorate (2001-2005) before joining the workforce for nearly twelve years (2005-2017, entirely with CVS). $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), revenue from an eBay business while in college ($10k), and massive help from my parents ($90k). My salary plus compensation went from $115k in 2005 to $150k in 2017. My savings rate was about 70%. + +**Background**: I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation goal is approximately 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). We also hold roughly $400k in house, land, and belongings not included in the portfolio. My spending model places no dependence upon supplemental income (future employment?), social security ($10k/yr?), inheritance ($500k?), house equity (no heirs?), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities and worthy causes. + + + +***UPDATED INFO*** + +**Spending**: Living expenses for the month came to $4628. This is $1855 over the 2018 monthly targeted amount of $2773. Our spending is 66.9% over budget for the month, 15.6% over for the year, and 18.4% over since retirement. We generated $30,804 of income this month from my wife wanting to work, some of my old book royalties, and an unexpected inheritance. Our investment withdrawal was -$26,176 this month (a $26,176 deposit), thus our pro-rated, annually-adjusted withdrawal rate is -28.32% for the month, -10.03% for the year, and -0.15% since retirement. Without the additional income stream, our pro-rated, annually-adjusted withdrawal rate would have been 5.01% for the month, 3.47% for the year, and 3.55% since retirement. + +**Investments**: The portfolio went from $1,117,315 to $1,103,975 (a 1.19% decrease for the month), which went up to a new total of (drum-roll) $1,130,151 after cashing the checks and paying the bills. This is a 10.18% increase from the original starting balance of $1,025,772, even after withdrawals of $16,977 for living expenses over ten months. Since retirement, capital income from the investment portfolio has produced the equivalent of a full-time employee generating $52.24/hr of labor income. To sustain the original portfolio balance, $17.95/hr is the pace needed for COL based on spending rate; $-7.98/hr is the pace needed for COL based on withdrawal rate. Ignoring possible dividends, VTSAX (61% AA) went down 2.3% this month (1.0% down for the year); VFWAX (20% AA) went down 1.0% (0.8% down for the year); VWLUX (19% AA) went up 0.2% (down 2.3% for the year). + +**Reflections**: I do not wish to get into details of the $30k inheritance that we received. I will only say that it was not expected, not from a death, and the person was well aware of our financial status (likely carried out due to perceived fairness and equality for all parties involved). Our receiving of that much money in a lump sum also comes close to invalidating the documentation behind the whole reason for this process. Spending was up due to dental work ($1000), vacation reservations ($500), and a decision to go crazy by blowing 3% of the inheritance ($1000). We bought a camera, running shoes, two race entries, two album reissues, and some clothes. The remaining 97% went straight to VWLUX. I almost feel guilty. + +**Experiences**: I put 61 hours into Final Fantasy XV over seven days, finishing the game and most of the side quests. I think it was fairly average by series standards. My marathon training peaked at 40mpw and is now tapering. I spent way too much time following recent political developments. + +**Upcoming**: The marathon state championship is April 7. I was poised to take the victory (based on the winning time in 2016 and 2017), but some guy who is on a mission to win 100 marathons is driving eight hours to do this one. His reputation in the running community couldn’t possibly be any lower. He has a history of cherry picking small races nowhere near his home in order to get his numbers up. At some point this month, we’ll be taking a driving vacation across flyover country to visit the states that my wife has not yet been to. This will bring her up to my current count of 49. I’ll be trying for a victory in another local race on May 5. Afterwards, I plan on cutting back on running while I get some more experience with bicycling and swimming. Needless to say, I’ll also be doing whatever the fuck I want. + +Over the years I’ve been interested in making small punts on buying bonds for governments or firms when the yields have sky rocketed, but been unable to find a place to purchase them. + +The first situation I wanted to buy was the Greece Debt crisis where I saw yields hit 13-15% yield for 10years, which personally thought that they would never be let to default due to EU & Banks which had lent so much money. + +The most recent scenario I’d like to buy is Evergrande bonds, currently trading at 500% (I think), which if I took a punt of £500, would see return of £2.5k each year for a 3 year bond + the return of investment (total £7.5k profit on £500). + +I know these would be punts and could be compared to going down a casino or betting shop, but usually there is a lot more time involved and less likely loss situation as it’s dealing with global markets, and people’s livelihoods. So personally think the risk is less than a random bet. + +(Also, £500 punt would only be about 0.5% of my investments). + +If anyone knows a place, please let me know +- thanks 👍 +I am currently in the processes of selling or re renting a HMO in Leeds. last Friday i had a viewing at the property and guess what one of these rent to rent type chaps had slipped though my screening process, not that i minded i think we live in the world of the hustle so live and let live. hes only trying to get into property i guess! anyways cutting a long storey when he realised I wasn't interested in teaming up we got talking. it came to shock to me that he had spent 10k on training training course with someone called "samuel leeds" he was telling me he works for 10 ph, and it took him almost 3 years to save up 10 grand! I am a full time investor and everything he was saying to me was the wrong way to look at things he said in a couple of deals he could become "financially free". I explained to him that 10k would have been better to be used on a deposit on a single buy to let. + +&#x200B; + +over the weekend i spent the weekend looking over this so called property expert, in the first few minutes of watching the first it was quite apparent you were going to end up being sent down a sales funnel by the end of the video, it makes me wounder how people can fall for this type of thing, would you ever do business with someone that has to tell you their a millionaire every third sentence, it makes me feel quite sad to see lots of genuine hard working people have fell for his lies and deception, i could have went further and pulled his company files but by the looks of it someone had already done it, and he only had a hand full of properties. i seen Samuel went on the defensive about this but in my opinion i do not think he is hiding any great wealth and is full of hot air. + +have a great day and happy investing :) +I've started to get paid a decent amount of money and so I will be looking to put at least 1k into stocks each month and so I need a platform that gives me access to a lot of companies, doesn't charge too much and is accommodating for long term investments and short term. + +Any advice would be much appreciated as I'm so new to this. + +I'm subscribed to southbank investment so I'm learning from them and will be following some of their suggestions. +Trading 212 are still processing new accounts and currently have a queue for new ones meaning I am unable to buy any shares through them until I get an invite to join, it is near impossible to find out how long this may be. Does anyone have any experience on being on the waiting list? + +And are there any alternatives? Freetrade has a fee and it just seems inferiour, and theres not much other alternatives from what ive seen but id like to get your guys' vastly more informed opinions + +thanks +I am currently in the processes of selling or re renting a HMO in Leeds. last Friday i had a viewing at the property and guess what one of these rent to rent type chaps had slipped though my screening process, not that i minded i think we live in the world of the hustle so live and let live. hes only trying to get into property i guess! anyways cutting a long storey when he realised I wasn't interested in teaming up we got talking. it came to shock to me that he had spent 10k on training training course with someone called "samuel leeds" he was telling me he works for 10 ph, and it took him almost 3 years to save up 10 grand! I am a full time investor and everything he was saying to me was the wrong way to look at things he said in a couple of deals he could become "financially free". I explained to him that 10k would have been better to be used on a deposit on a single buy to let. + +&#x200B; + +over the weekend i spent the weekend looking over this so called property expert, in the first few minutes of watching the first it was quite apparent you were going to end up being sent down a sales funnel by the end of the video, it makes me wounder how people can fall for this type of thing, would you ever do business with someone that has to tell you their a millionaire every third sentence, it makes me feel quite sad to see lots of genuine hard working people have fell for his lies and deception, i could have went further and pulled his company files but by the looks of it someone had already done it, and he only had a hand full of properties. i seen Samuel went on the defensive about this but in my opinion i do not think he is hiding any great wealth and is full of hot air. + +have a great day and happy investing :) +https://www.bloomberg.com/news/articles/2018-04-25/yielding-21-in-bond-market-the-no-1-retail-lbo-is-in-trouble + +> Perhaps most disconcerting about PetSmart’s struggles is they are coming even as Americans spend more on buying and taking care of their pets -- $70 billion in 2017, compared to $41 billion in 2007, according to the American Pet Products Association. Its first quarter with Chewy on board last year saw earnings fall almost 40 percent under the weight of debt. + +> its post-buyout CEO Michael Massey abruptly resigned, and has yet to be replaced eight months later. This year, Chewy’s founder and CEO Ryan Cohen quit too. + +> BC was so keen to prevail that it even bid against itself in the auction, raising its own final offer by 50 cents -- to $83 per share -- before any opponent had matched the lower price, according to court records from a subsequent lawsuit. Apollo, the next highest bidder with an offer of $81.50, or about $150 million less, later told PetSmart’s investment bank, JPMorgan Chase & Co., that it "never would have paid” what BC Partners did, a filing shows. JPMorgan declined to comment. + +> BC Partners managed to pocket an immediate $800 million dividend, but it had a long road ahead. The acquisition marked its first-ever foray into the U.S. retail sector. And the new management team had no experience with the pet industry. + +> One of Massey’s tasks was making a big e-commerce acquisition to retain customers moving online. He zeroed in on Chewy.com, an online supplier with loyal customers and workers it called ‘Chewtopians.’ + +> Massey reasoned that Chewy would establish a defensive line against Amazon and shore up earnings that had sagged since the takeover. But the plan backfired. PetSmart’s financials deteriorated even more sharply as Chewy, which has yet to turn a profit, dragged on earnings. In the third quarter of 2017, the latest available, the combined companies lost $56 million. + +TL;DR: Extremely aggressive leveraged buyout is causing PetSmart to stumble even in a growing pets' goods market, and expanding to e-commerce only made the losses worse. +I used to own VZ but got out of it because I was a new investor and the volatility was too stressful for me at the time. Now that I know a little more, I've been thinking about jumping back in. And let's face it, we are approaching a 52 week low. But why is this dropping like this? It seems like with all of the activity going on within the company (5g, the Tracfone deal, partnerships with Disney & Apple, etc) that the stock would be going in the other direction. What am I missing here? +I am trying to diversify my portfolio, as the title suggests I am looking for good company to invest for long term in utility or energy stock any suggestion would help. + +Thank you for your inputs in advance. +Really considering throwing a large portion of my cash I set aside for drops like this into INTC & LMT. Both seem fundamentally undervalued from various perspectives. I am well aware of the usual slander Intel receives, and some is well deserved, however I feel like they could turn it around with certain tweaks. Lockheed also has its’ typical flaws that are pointed out, however in my opinion, the enormous military budget is not going anywhere, and only going to grow with global tensions rising in the foreseeable years. Corrupt politicians and corporations have constantly profited of war in history, so why can’t the typical investor also profit off such a horrible event? I am by no means supporting war, but if we are the ones most affected by them, why shouldn’t we profit as well? + +Obviously more DD is needed, however what is the community’s thoughts on these buying opportunities, and the companies as a whole? +I'm aware this is a value investing sub, which is precisely why I want to raise this question here as opposed to elsewhere. + +I have a friend Dave. He's made a lot of money over 2020 to now in the market (~500% TTM). Yes, one could have thrown darts at the board with their eyes closed TTM and made lots of money. + +However, seems to have had good picks. Recently Dave recommended increasing his stake in Moderna and for me to buy it. + +There was reasoning behind it. Something along the lines of "they're going to need more doses and it's probably going to be Moderna supplying them". + +As a value investor, buying Moderna in July is just forbidden. However it has doubled. I get text messages from Dave "told you so". + +Keep in mind, Dave has only started to be in the market in 2020. Dave bought Afterpay at $10 and held it through to now (at $125) **without even knowing how the company made money**. + +Dave bets on hype and market buzz, and via reading the news stories. He also sold most of his holdings prior to the March 2020 crash. He trades mostly on intuition and asking people questions, seeing what's buzzing. + +Is there merit to Dave's strategy? I'm experiencing FOMO. + +I don't mean to sound pathetic here seeking sympathy etc. But could it be that I'm complicating things more than they are? + +It seems so simple. Right now there are more retail investors than ever before in the market. It's reminiscent of when online poker got legalised for the first time in the US. Amateur players were making KILLINGS doing simple value bets like jamming with a flush and getting called despite never bluffing. + +It was easy peasy then. Is it easy peasy now? We saw HOOD spike +100% and then get dumped. In hindsight, it just seems so easy to buy at IPO and then sell even after a 20% gain. + +Is this the wrong time to value invest and instead the time to play a simple market? +This is for the new people. + +If you didn't know, the SEC has both a site where you can search for recent filings (linked below) along with an RSS feed you can subscribe to. The most interesting filings you'll want to look out for are 8-K, 6-K, 10-K, and you can narrow down your search to those. Finding a company which is on the brink of having nice gains is a detailed process, however with a bit of research it becomes easier. + +I'm not informed about the form types for Canadian stocks, so they may have different filings. I've included a link to CSE so that those can be searched as well. + +Happy Trading! + +US Stocks: https://www.sec.gov/cgi-bin/browse-edgar?action=getcurrent + +Canadian Stocks: https://thecse.com/en/trading/market-activity/company-filings + + +EDIT: + +Additional resources to learn about filings, how to read them, and how to use the above site. + +https://www.investor.gov/introduction-investing/getting-started/researching-investments + +https://www.investor.gov/introduction-investing/getting-started/researching-investments/using-edgar-research-investments + +Never invest more than you're comfortable losing, nothing in the stock market is guaranteed. +A few years ago I became quite successful at a venture and came into a lot of money in a short period of time. We're speaking about $800k a year. Prior to that, I did make close to $150k a year but comparatively, it was another ball game. + +I suddenly felt a lot of anxiety that was unexplained. I didn't feel comfortable telling my immediate family (besides my wife) and didn't want them to know my status. I mean, you'd think that money would bring happiness but I felt a lot of stress. In a sense, it did like knowing I could relax a little. However, the unshakable fear has never really dissipated and I am not sure why. I now currently have about 2M in investments, and enough in liquid for emergencies. + +I am still in my 30's and never had any understanding of investing prior to that period of my life. It did get a fire under my butt to learn about it and I started a 3 fund diversified portfolio with a vast majority invested, got a good CPA to help me with proper pre-tax strategies and I do feel more confident. + +However I can't quite explain where this anxiety comes from. I've never really spent much money in my life on things I don't absolutely need for me or my business. So it's a weird feeling. I also never saw myself as a "rich person" so maybe it's the vast difference in what I imagined what being rich would be like vs knowing that it happened to me so early on. + +Has anyone felt a strange emotional shift in their life when they came into money? +https://www.cnbc.com/2020/10/01/google-to-pay-publishers-1-billion-over-three-years-for-their-content.html + +Alphabet's Google plans to pay $1 billion to publishers globally for their content over the next three years, its CEO Sundar Pichai said. + +The move could help it win over a powerful group amid heightened regulatory scrutiny worldwide. +I just needed to share this somewhere. I have (or had!!) a collections account for $2000. Basically what happened was, about three/four years ago my very abusive ex went to jail and I was able to escape the apartment I was in. It was a month to month lease so I went to the property management, explained the entire situation, explained that in his fits of rage he had absolutely destroyed the unit by ripping off doors/punching holes in the way. They said as long as I left the unit within a few days and was agreeing to forfeit my deposit, they wouldn’t hold me liable for the damages. + +Out of sight out of mind. Except a year later I got a phone call from a collections company stating they sent me to collections. I don’t know why they went after me other than money is money and I’m likely easier to find considering the ex is in and out of jail and doesn’t work whereas I’ve been in the same general area for years and worked the entire time. It was for $2000. I got freaked out when they called and hung up to avoid admitting the debt was mine. + +The only thing holding back my credit score was this fucking collections account. I make every single payment on time, keep my utilization low, and pay the full balance on time every month. But having a huge collections account is obviously horrible for your score. Two of the credit bureaus didn’t recognize that I had an account in collections but my experian score still did. + +I disputed it once before and was denied. I didn’t want to start making payments on it but I didn’t want it to just sit there. I didn’t really have enough money sitting around in full until very recently but I was still hesitant even paying it. A month ago, I tried disputing it again. + +I got an email from experian this morning. Deleted from my report. The dispute fucking worked!!! My score went up this morning!! + +A huge weight off my shoulders done. I start my new job today too. It’s a great fucking day. +How far do you think they will raise the interest rates before finally stopping? How much will house prices realistically drop as a result? Could we actually see pre-pandemic house prices again like some people believe? (Albeit with higher monthly payments than they were back then because of the rates, but it can still be good for people with cash saved that can offer fairly high downpayments) + +Someone I know who works in real estate claims 10% drop only, but they also never predicted prices would go up 50% in a matter of only two years, and it has already dropped around 10% in a lot of places since February from what I’ve heard. + +Would it be realistic to see a 700K house in Ontario go down to 400K for example? + +I asked on r/canadahousing but that sub is desperate for a major crash and probably want to convince themselves that there will be one, so I’m not sure that they are the most trustworthy when it comes to answers. +Right now I am looking for advice for a friend. He sold his house and has 700k cash. He would like to take some time off and live off the interest for 6-12months but eventually compound growth would be the goal. I got him into the 6 month tangerine saving account at 2.5% for 6 months for now. + +What are some higher rates of return, with less risk out there? I see some of the American preferred shares provide 8% return, or JNJ (also more usd at a time the dollar may dip) has higher dividends. With markets at highs I am having a hard time recommending jumping into something big. +Context: + +I'm 26 years old, single/no kids, living in Quebec. I'm renting my mother's house for dirt cheap. I have sold my previous house in late 2020. + +I'm currently paying all the bills and maintaining the place (the house + 2 acres of land) in exchange of no rent to pay. I'm planning on buying the house in 2-3 years from now. (Worth 300k atm) + +I'm saving aggressively for now. I have no debt and $160 000 NW. + +My question is: + +I bought a 20 years temporary life insurance 2 years ago. This insurance costs me 31$ per month and will remain the same price for 20 years. There's no buyback option since it's a temporary insurance. Therefore the low price. + +Do I really need a life insurance? I don't have any persons that rely on me. I don't have any debt. I'm a very independant person. I don't know if i'll meet someone soon, but kids are very far away in my mind. + +If I happen to die, no one will have anything to pay. Actually, my death would probably help a lot of persons in my family. + +Is it a good idea to cancel this insurance? It's with Empire Life. That's 372$ per year and roughly 7500$ after 20 years that I could invest instead. + +Any thoughts? +With the rising energy costs and other price hikes / tax hikes, I need to re-evaluate my spending habit where possible, my biggest regular spend is groceries so that's where I think I'll begin with. + +So UKPFers, what products would you only get from Lidl or Aldi, or consider to be far better value for money compared to other supermarkets? + +For context: I currently shop at Tesco with a club card, sometimes Asda. I spend about £300 to £350 per month (including general household items / toiletries I get from the supermarket as I can't be bothered to split transactions and track things separately...) + +Edit: thanks for the responses. By the sounds of it, the answer is 'everything'! + +I'll try to do big shops at Lidl / Aldi and see if I can get everything I need, rather than what I was planning on doing before which was pick specific things from Lidl / Aldi. + +Thanks all +Does anyone here have tracked costs isolated to their child by year? Seeing how diligent this population is at tracking their spending, I'm sure someone has done this. I'm just looking to see how much year 1 would cost...all the way to year 21 (or more). + +I currently have $30K estimated per year per kid, which does not sound reasonable after seeing that this has been more than what I've normally spent on myself the last 8 years. Not sure why but I took $750K divided by 25 years. I'd hope they are self sufficient by 22, assuming they graduate college in 4 years. Anyway, I would like to build a better assumption or even a cost curve into my life budget. Does anyone have better cost estimates they could share? Please also state what type of COL you're in so I can inflate it a bit as I'm in a VHCOL. +Might be a stupid question but I thought about it today...When people say "set aside money for \_\_\_\_\_\_\_\_" (the blank could be a vacation, car, home, emergency fund, etc) does this mean they are putting money into a different account all together? Different bank? Just making sure not to spend money and let the savings allocate in their checking's or saving's account? Cash? Spreadsheet? How exactly does one keep tabs on these savings? +Since we here are focused on equity performance and are (mostly) hoping the value of our investments rise, I'd like to remind everyone that the Federal Reserve had multiple members actively trading equities while formulating extremely bullish policies in March 2020-September 2021. + +Kaplan and Rosengren sold their individual stocks in September 2021. Some ETF holdings were also barred later in October 2021. QE taper was announced in late September 2021. From that point forward, equities have fallen roughly 20% on a market-weighted basis. + +[https://www.cnbc.com/2021/09/09/feds-rosengren-to-sell-individual-stock-portfolio-to-address-ethics-concerns.html](https://www.cnbc.com/2021/09/09/feds-rosengren-to-sell-individual-stock-portfolio-to-address-ethics-concerns.html) + +[https://www.cnbc.com/2021/10/21/fed-to-ban-policymakers-from-owning-individual-stocks-restrict-trading-following-controversy.html](https://www.cnbc.com/2021/10/21/fed-to-ban-policymakers-from-owning-individual-stocks-restrict-trading-following-controversy.html) + +Coincidences are sometimes just that. And yet, when the people who formulate monetary policy are actively trading individual stocks... right before selling near the top of the market... you begin to lose faith. I'd personally wait to buy back in fully until the next Federal Reserve board financial disclosure report shows the members buying en masse again. +As the Fed caused a bit of a ripple in the market today and I considered vacating a position (but ultimately didn't). I thought a little bit about my journey over the years and thought I'd share a story and a few things I've learned. + +Back in 2003, I made my first move in the stock market by taking an $1800 tax return and buying 200 shares of a coal company called Consol. At the time it traded under the symbol CNX. I bought it with almost no DD simply because it paid a pretty good dividend. (Around .50/share if I recall correctly.) This is back when internet trading really wasn't a thing. I bought it through my bank and the trade cost me **$40**! (I actually had to call a broker at my bank and place the trade over the phone. Ancient times, right?) lol I figured, win lose or draw, eventually this stock will pay for itself with the dividend. I didn't follow the market much after that because I was really holding for the dividend, but realized a couple of years later, it had climbed into the 30s. Around 2007 it had hit 55 and I decided to sell. Still with my bank, the trade cost me another forty bucks! I took the money and put it in a basic savings account where it basically sat doing nothing until 2016. (I missed the crash of 08, by being liquid at the time, but this was pure luck. Nobody saw that coming.) + +In 2016, after some reading I decided I had more confidence in trading so I took the money and opened an investor's checking/trading account with Charles Schwab. *I was amazed at trades costing $4.99 and done on my laptop*! lol After quite a bit of DD I decided to buy 300 shares of NVIDIA. At around $24 a share, it cost me about $7200. (I took the rest and made a down payment on a new (*used*) car and an AK-47.) lol... + +After that, I just held the stock. Diamond handed it as the kids say. I've bought and sold quite a few other stocks over the years, but those two trades are where I started. Two trades over the course of 17 years turned an $1800 tax return into a nice safety net worth over $200,000 with almost no effort on my part. + +What have I learned? + +Even a small amount of money in the stock market can lead to a big return. But don't invest more than you can afford. For me, a tax return one year was about all I could throw at it in my 20s. "YOLOing" your rent check is never a good idea. + +Be PATIENT. You're not going to get rich overnight. That type of thing is rare and risky. Do your DD and hold onto what you're confident in. + +When the market takes a downturn, **BUY!** One of my biggest regrets is not investing heavily in 2008 when I was very liquid and the market had taken a nose dive. I did not repeat this mistake last April/May when the pandemic caused another crash. I bought everything I could. Particularly old giants like Ford, and GE which were no brainer bargains at >$5. The worst thing you can do is panic sell. The market will come back. Hold on and accumulate. (I actually figured it might take 2 years for a comeback this time, but we bounced back much earlier.) This thinking is what got me to hold the position I was thinking of bailing on today, when I realized I would just be panic selling in advance of some Fed news. Regardless of the news, the market would bounce back. + +Never let savings sit in a traditional savings account. (*like I did for 8 years from 2007-2016...lol)* Even if compound interest is all you're after, there are much better rates with other financial products. + +Be patient, *but don't be afraid to take profits*. Don't fall in love. Have an exit plan. I sold Consol around 55 with a 9 entry. Pretty good... Later that same year, it climbed into the 90s. Made me wince, but I didn't regret it. *Unless you have a crystal ball, you're never going to enter at a historic low and exit at an all time high and that's ok.* I realized at the time that coal was cyclical and was most likely going to decline in value in the coming years. I stuck to the plan. When I saw a spike, I sold. For perspective, that high in the 90s in 08 hasn't been repeated since. Consol trades in the high teens now and offers no dividend. (New ticker CEIX) So in hindight I exited on a bubble that could have been better, but if I waited too long, it could have been much worse. + +It's never too late to start. If you look at those two simple trades over the span of 17 years, you could potentially do the same thing in your late 40s with a small amount of money (*remember nothing you can't afford to lose)* and have a decent nest egg by the time you hit 100% retirement in your 60s. + +I hope to have given a little insight here. I thought it was worth sharing. If you disagree, don't be too hard on me. I'm not a financial professional... :D + +Have a good'un! +Jeremy Grantham, the famed investor who for decades has been calling market bubbles, said the historic collapse in stocks he predicted a year ago is under way and even intervention by the Federal Reserve cannot prevent an eventual plunge of almost 50 per cent. + + +https://www.afr.com/markets/equity-markets/jeremy-grantham-doubles-down-on-crash-call-20220121-p59q2g +We've seen users here and there asking about the karma requirements today so we figured we'd better answer. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +With the influx of new users today, ***the mods got a little excited*** 😅and temporarily lowered the **comment** karma requirements *(Karma required to comment on posts)*. We saw this as a great way to help new apes get their bearings and ask questions. Have no fear, this change is only for 24 hours-- of the time of writing this post \~12 hours are remaining. There was no announcement of this initially because we didn't want to alert bad actors/ trolls/ shills/ etc. for fear of our community being brigaded. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚀🚀🚀🚀🚀🚀 +There is a storm coming. Believe it or not they are gonna drop GME at the same time the market crashes to try and scare us apes into selling. We must weather this storm, all we have to do is buy when we can and hold. Don’t let these Fucks scare you with these drops in price. None of it is real. We are close you beautiful apes, one more step closer to changing millions of lives. Stay strong, buy and hold. This is what we worked hard for, all those months of funny ass memes, sacrificing other things to buy more, day after day going to our shit jobs, holding through the highs and lows, watching the fuckery happen day in and day out, we are primed and ready for this moment! Whatever your reasons are, hold strong for those reasons. Everyone’s situation is different, so make your situation a better one! I couldn’t be more proud of any other group of people than I am with this group here! Buy and hold. + +This is not financial advice +For those of you that have already retired after hitting your fatFIRE goals, e.g. **$4-5MM**. If you could go back in time, would you have chosen to retire (much) earlier without hitting your goal (e.g. RE at **2MM**)? + +I imagine many of you were likely where I am today (+/- a few years), and hit your goal in your late 30s or early 40s. I am pretty confident that I can hit $4-5MM at 40 if I just keep doing what I'm doing (tech), but just can't make up my mind if I want to keep grinding for another 8 years. + +**More context:** + +I'm close to hitting $2MM (CAD) NW by the time I turn 32. Currently work in the US, but will move back to Canada once I stop working, so there's less of a need to worry about health insurance, education expenses, retirement etc. + +I'm not sure if it's burnout, 2020, the past 4 years, etc., but as a Canadian, I really don't see myself living in the US for the long term. There are a lot of great things about America, but I personally prefer the quality of life and more low-key environment in Canada. + +Another thing that makes me want to call it quits now are recent health issues that have cropped up in the past 1-2 years. They were partly caused by stress from a past job, and also just not spending enough time to pay attention to my mental and physical state. + +What would you do in this situation? Did the additional 2-3MM that you accumulated past the 2MM mark make enough of a difference to e.g. make it worth working another decade? + +Hindsight is 20/20, so I'm hoping to get some advice and different perspectives from those of you that have already walked down this path, and maybe hit this same fork. Many thanks in advance!! +For software developers over 40 years old, how do you balance family life, and a day job with algotrading development? It's so fascinating, you don't want to come out of it, but at the perils of losing your day job. Sometimes it seems as a long shot into the abyss. I wonder how many of us have an incredible strategy, but are afraid to commit. It's easier to hold onto something solid such as your day job than to risk losing it and putting your family in harms way. +Site launched this week and currently at $450K and rising after getting over $1 million. Youtube video is coming out tomorrow from coin farmer with 35K subscribers. Solid project and devs and worth looking into. Come join the telegram. + +This was a fair launch project on Saturday that went live with a temporary site. Watching the dev and team deliver on all their promises the last few days has given me a lot of confidence in this project moving forward. + +Come join in before marketing kicks off. Team is taking it seriously and has a strong marketing plan and high price target. + +🌐 New, Professional Website: ChungusCoinBSC.io + +✈️ Telegram: t.me / chunguscoin + +As always, do your own research. Details below. + +🐋 Anti-Whale + +1% max transaction size (relative to total supply) may be lowered per community vote on May 15, 10% tx fee with 7% into liquidity + +💡 Tokenomics + +It's deflationary with 64% burned and 10% fee per-transaction with 7% going to liquidity and 3% going to reflection. The reflection+initial burn results in pretty significant deflation of supply. + +Total initial supply is 1,000,000,000,000 with 64% burned. There is a marketing wallet of 5% that is already down to 4% after a milestone burn. + +Liquidity is locked and ownership is locked to expire in one week on May 15th, at which point it's being renounced. The dev has stated that they want to be able to potentially lower the max tx size at a larger market cap to be more anti-whale/dumping. + +The community will vote on the max tx size before the next period. + +👉 1,000,000,000,000 (1 trillion). + +👉 64% initial burn + +👉 5% marketing but will mostly be burned + +💡 How To Buy BCC (Big Chungus Coin) + +Set slippage to 11% plus (10% fee) max 1% of market cap transaction size! So if market cap is $1K this will limit you to around $10 - $30 in BNB (around 0.02 to 0.05). This increases with market cap. + +🌐 Comfy Website: chunguscoinbsc.io +Hey guys! + +First post on my end, so be nice😅 + +Lately I've noticed that there has been a lot of stocks with quite insane intra day surges, 50%-100% per day. Yesterday it was $RKT, today it's $UWMC and $KMPH. +My question is simply: how do people get to these stocks FIRST? I always seem to notice such stocks as they're near their peaks, and thus never getting a piece of the pie. + +Haven't tried day trading yet, but I find it really fascinating. + +Thanks for all replies👍 +...I thought it was fantastic. I haven't listened to Trimbath speak before and this was a great lesson on DRS. She definitely understands this and enjoys informing on it, sharing the history and the facts that you can look up. + +I hope someone took better notes. Here are the take-aways I got: + +The SEC and brokers do not want you DRS your shares. + +Smart Companies want shareholders that care about the company to register. + +However - Transfer Agents and the Company Issuer are not permitted to promote Direct Registration. + +As long as your shares are registered with the company, the fate of your shares are with the company + +As long as your shares are with a broker the fate of your shares are with your broker. + +Nothing can stop naked short selling..as long as brokers can borrow and lend phatom shares from other shady brokers .. however, direct registration does remove the real shares from the DTC exposing the naked shorting. + +And who knows what happens when that last share is transferred or proof is provided. + +Also when it comes to company info, voting material and dividends, those only go to the registered shareholders. If that's a broker that doesn't have enough registered shares for how many phantom shares they have then that's between you and your broker. + +About that PROOF: + +Existing rule: 14A-7 - can give list of registered share owners, not how many shares they have, or how many phantom shares may exist + +Upcoming rule: CSDR 2014 (takes effect Feb 2022) will impact trades around the word, particularly trades that fail to deliver in the EU. It tosses out repeat offenders. + +Q: If all shares were registered, would they all be removed from DTC? + +A: Yes + +Q: Is the transfer agent required to report over registration or phantom shares? + +A: No, because they would be unaware of this. - ALSO - the broker, for a fee, can also misreport this. +BlackRock had over **$8.68 trillion** in assets under management \[[December 31, 2020 financial statement](https://www.blackrock.com/corporate/literature/annual-report/blackrock-2020-annual-report.pdf)\] in more than 100 countries across the globe. + +BlackRock has a division called the BlackRock Investment Institute (BII). [See Here](https://www.blackrock.com/us/individual/insights/blackrock-investment-institute) . The BlackRock Investment Group's job is to tell BlackRock what is going to happen around the globe and direct BlackRock where to invest money by predicting political events + +The Chairman of the BlackRock Investment Institute is **Tom Donilon.** A former National Security Advisor and advisor to current President of the United States + +* Tom Donilon’s brother, **Mike Donilon** is also A Senior Advisor to our President {[link](https://nypost.com/2020/11/20/joe-biden-names-white-house-personnel-legislative-chiefs/)} providing guidance on what policies should be implemented within the administration.  Mike Donilon guides the focus of spending, budgets, regulation and white house policy. +* Tom Donilon’s wife, **Catherine Russell**, is the White House Personnel Director {[link](https://nypost.com/2020/11/20/joe-biden-names-white-house-personnel-legislative-chiefs/)}.  In that position Donilon’s wife controls every hire in the Office of the Presidency. +* Tom Donilon’s daughter, **Sarah Donilon**, who graduated college in 2019, now works on the White House National Security Council {[link](https://www.dailymail.co.uk/news/article-9702887/Obamas-ethics-chief-criticizes-Biden-string-family-related-hires.html?ito=social-twitter_dailymailus)}. Out of college for 1 1/2 years and she is on the NATIONAL SECURITY COUNCIL. + +So BlackRock's Tom Donilon’s job description is to: “*leverage the firm’s expertise and generate proprietary research to provide insights on the global economy, markets, geopolitics and long-term asset allocation,*” and he is a Presidential Advisor, his wife is in charge of White House personnel, his brother is Senior Advisor to the President, and his daughter is on the National Security Council. + +Watch where BlackRock puts their money and you can predict what might be happening soon in the world. It is very dangerous to have such a huge corporation with so much control in the government. I am sure they have many Senators and Congress Critters from both parties in their pocket also. + +This is the company buying up Real Estate all over the country and I have seen articles coming out advocating for people to not own property but to be RENTERS. + +So hopefully they help with MOASS, but will probably gain much more moeny and power. I plan on putting my moass money into off the grid living and convert it to things other than USD currency. +About me: + +* Marital Status: Never married and no kids + +* Occupation: Electrical Engineer, Same employer for 15 years + +* Location: Upstate NY + + + +Bottom Line Up front: + +[Total Net Worth by Year](https://i.imgur.com/pNfjj5V.png) + +[Distribution of Income by Year (where my earnings went)](https://i.imgur.com/AOmHl6d.png) + +[Distribution of Income by Year (as a percentage of total income)](https://i.imgur.com/DTD9deG.png) + + + +Notes: + +* Taxes include federal, state (NY) and property tax (~$3k) + +* 2005 was a partial income year. I graduated in May and started working immediately. + +* 2020 data is extrapolated / estimated + +* The charts are the result of mining my financial and tax records to put the story together. I hadn’t been monitoring my NW until last year. + + + +2005: Graduated college - I only had about $40k in school loans when I graduated in 2005. People graduating today won’t have it quite as easy since tuition doubled (at my school; others have more than doubled). But you can still do some of the things I did to minimize expenses. First, go to a community college for the first two year and then transfer to university after that. This essentially cut my tuition in at least half. Plus, I lived with my parents in those two year and saved on room and board. Also, when I went away to university, I lived off campus in an apartment with friends. This ended up being cheaper and more fun. + + +2006: Purchased home for $61k – It’s a modest home in a LCOL area. This was a tough decision at the time because I could have afforded much more. But I am glad I didn’t make myself house poor. The house had everything I needed, and I enjoyed doing affordable upgrades. + +In the years to follow, I would contribute to 401K up to my company match, max out Roth IRA and the rest would go to debt. A financially savvy person wouldn’t have paid off my mortgage so quickly. But given the crappy stock market performance in those years, and relatively small loan, I am not sure it made much difference. + + +2011: Mortgage was paid off + +For the next 8 years I was on auto pilot. I was single and spent a lot of time working. Didn’t increase my spending much at all and my increases in salary went to savings. + +I still enjoyed life, traveled whenever the opportunity came up, and did little things like having my shirts dry-cleaned (because I hate ironing). But otherwise didn’t spend a lot of money on material things. + + +2019: I found this sub and started looking at my finances closer. Before this, I hadn’t every added everything up to determine my net worth. I knew I was in a good spot, but was pleasantly surprised to see my net worth over $800k at that point, then watched it cross $1M at the end of 2019 (when I included my home equity). The really great thing though, was when the market tanked after covid, I was knowledgeable enough that it didn’t faze me at all. I knew the market would go back up and it did. + + +A few changes I made after becoming more financially educated: + +* Set a FI goal and started a spreadsheet to track progress + +* Changed my Roth 401k contributions to Traditional (should have done this years ago) + +* Started mega backdoor Roth IRA contributions + +* Put the $100k from my High Yield Savings (HYS) into the market + + + +That’s about all I have to say. + + +Cheers! +Not sure if this is the right forum to post but just looking for some career advice. + +I am an accounting graduate and have received two offers: + +1) Big 4 - Forensic Accounting +2) ATO - Taxation + +In terms of interests, both offers are just as interesting to me. I am ideally looking at going down the accounting track for about 7-10 years, before being involved full-time in my family's business (in a completely different industry). After that, I'll mainly be using my accounting career as a backup so that if the business ever fails, I have a reliable accounting career I can always go back to. + +The salary of the ATO is higher and I'm pretty sure that the work life balance will be better too. But I feel like there are more learning opportunities, professional networks and career advancement with the Big 4(Deloitte,EY, PWC, KPMG) and the exit opportunities will be much better. (People also say forensic accounting is a really good opportunity, as most grads have to work in audit for 2 yrs before transitioning to here). You also get access to their top- notch training programs, and there are secondment opportunities to USA/UK/Korea which I'm extremely interested in- I want to see more of the world and what other countries have to offer, and I feel Big 4 has a more international presence. Furthermore I feel like you can develop good work ethics there which I think trains me to be more self disciplined and diligent later on when I'm managing a business. + +However, I do know they work you extremely hard, my friends have worked up to 60hrs in audit, many times giving their Saturdays away and functioning on very little sleep. There may be times when I need to help out the fam business over the weekend, I'm concerned I won't be able to when I go into Big 4. Furthermore, Big 4 don't give proper overtime pay unlike ATO which starts paying overtime from the 1st hour. + +Just wondering if anyone here has experience working at Big 4 or ATO and what your recommendation would be for me as a grad in this situation? Also how likely is getting overseas secondment opportunities in Big 4? (I heard ATO only offers secondment nationally, how likely is national secondment here?) +Snowflake (SNOW) will go public today. The data warehousing company will be the biggest IPO of the year and it has gotten a lot of attention lately. Salesforce and even Berkshire Hathaway will both be buying 3.1 million stocks, good for $500,000,000 in total. They got to buy them for $80 per share. + +This week, the company's underwriters have upped the price range from $75-$85 to $100-$110, which is an increase of 31% due to greater demand. They then decided that this was still not good enough so the stock will go public at $120 per share.They reportedly increased share price to $180 just an hour before trading. + +Can this be justified? Maybe. Their revenue increased with 130% in the first half of the year yoy. They're on track to bring in $500 mln in revenue this year. We all know that investors get really excited by cloud companies and pay a hefty premium for them, because they keep generating revenue during lockdowns and high growth rates are expected to continue over the coming years. + +Now, here's the quote we've all been waiting for: + +"For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments." + +The irony is that Buffet himself is involved in this highly priced IPO. Yes, we all know that the company will probably do great over the next few years. The data warehousing industry will have a size of around $35 bln in 2025. That's just a little bigger than the current market cap of Snowflake($33.3 bln). Last February, they were only valued at $12.7 bln. Their PS-ratio would be around 100. What you really should be asking yourself is: how much of their expected growth is already priced in? Are you willing to pay 50% more than that institutional parties had to? + +I'm not saying whether to buy in or not, I just wanted to give this piece of advice by the Oracle to you. Never buy out of FOMO and good luck investing y'all. + +EDIT: Reuters reports that it will open at $235/share. That would put their market cap at $65 bln. + +To add one of Buffet's quotes: "IPO means It's Probably Overpriced" + +EDIT2: SNOW OPENED AT $245, CURRENTLY UP 130% +I’m sick. I’m sick to death of it. ☠️ + +Just watching the news this morning from Canada, and Europe is experiencing a massive heat wave. It’s causing fires and drought already. Don’t need to look at our politicians to help — we have to help ourselves, obviously. Nothing if not that is abundantly clear. I just want fucking clean oceans, clean drinking water, abundant forests, animals not dying. + +I’m kinda fucking tired of seeing the planet suffer. I’m tired of being told that it’s on us to make environmental change. No I don’t agree with that (ofc keep recycling and be mindful etc). But Giant Corporations have been in control for far too long. Why do we sit idle as they privatize massive profits and make public their expenses? I guess I’m wrong. IT IS on us. + +This is a turning point for humanity. It’s eco-prosperity for all man/woman and animal, or utter annihilation. + +When they beg you to sell what will you do? YOU GET ONE, FUCKERS. ONE. + +Not financial advice +I have a job now and am not interested in my favorite stock as a life jacket. + +I choose to invest because I want to earn capital to help other people. I will continue to work my job and build out my plans of starting my second business. + + I have almost finished my plan on how to use my investment winnings. A portion will be dedicated to keeping me and my family a little safer. Another portion to help families that have fallen and need a hand up. Another portion to buy some land to build a small cabin where I can send people to go and find rest. And the last portion will 100% be to create an orphanage with a few partners. + +What is the value of a life where I only love myself. Capital can help dreams/plans become realities. I will share the business plans I've built with others, help sweat with them, add capital and watch them grow. I know this will get lost in new. I just wanted to say it out loud. + +Also I'll hold to remind the crooks why crime doesn't pay. +$FCF is in talk with a major money transfer company listed on NASDAQ(5th and final meeting tomorrowTomorrow)... + +**Something huge is about to happen!** + +\- FCF is live on LBANK exchange + +\- HOTBIT exchange next Monday! + +\- a 3rd exchange in negotiation! + +&#x200B; + +Benzinga and marketwatch published articles about FCF + +A MAJOR MARKETING CAMPAIGN AIMING 1M+ crypto users is now live! + +LOTS OF YOUTUBE VIDEOS COMING OUT ABOUT FCF IN THE NEXT DAYS + +$FCF is creating the world first Credit Card and crypto payment gateway (FCFPAY), this would allow retailers and merchant to trade goods/services with any crypto they want! Imagine buying shoes online with dogecoins ? Ordering food on ubereats with Cardano ? Buying flowers with BNB! The possibilies are endless! + +The payment gateway fees are lower than Paypal and regular credit card fees! Why wouldn't you use it? Imagine spending your crypto gains without having to send them into your bank account and paying capital gain taxes ! + +$FCF is building a huge ecosystem that rewards it's holders, 33% of all the fees collected by the payment gateway goes back into FCF LP and another 33% goes into the dividend pool! + +$FCF is a reward token, just by holding FCF you will receive 5% BNB reflections every 24 hours! Fully automated! but wait that is not all! + +You could hold a token that rewards you daily while it's price goes up!, It literally takes about 10 days to get your initial back after buying FCF$. + +&#x200B; + +**Tokenomics:** + +3% LP + +2% Marketing + +5% Dividend + +**Website**: [www.frenchconnection.finance](https://www.frenchconnection.finance/) + +**Contract**: 0x4673f018cc6d401aad0402bdbf2abcbf43dd69f3 + +**Telegram**: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) +Square to buy Afterpay for US$29 billion to tap younger users + +Square Inc., the digital-payments platform led by Twitter Inc. founder Jack Dorsey, agreed to buy Australian buy-now, pay-later company Afterpay Ltd. for US$29 billion in its largest-ever acquisition. + +The all-stock offer values Afterpay shares at AUS$126.21 each, 31 per cent higher than Friday’s closing price of AUS$96.66, the companies said in a statement. Still, that’s less than Afterpay’s February high of AUS$158.47. The stock jumped as much as 29 per cent to AUS$125 in Sydney trading Monday. + +Square said the buy-now, pay-later concept represents a chance to capitalize on a shift away from traditional credit, especially among younger consumers. The plan is for Square to integrate Afterpay into both its consumer Cash App, and its Seller product for small businesses, Chief Financial Officer Amrita Ahuja said in an interview. + +“It’s very different from the traditional consumer-financing business model,” Ahuja said, describing “buy now, pay later” as an “alternative” to traditional credit. “Since our founding days we have seen it as a key priority for our customers, whether merchants or consumers, to get fast access to funds,” she added, but declined to say whether Square would offer other traditional finance options, like a credit card. + +Square shares were up about 3% in the first minutes of trading Monday in New York. + +Afterpay lets consumers purchase items on credit and pay later with a series of installments. It’s particularly popular with younger consumers -- who may not have a credit card -- to buy clothes, beauty products and homewares. There are no fees or interest on the loan as long as people pay on time, according to Afterpay’s website. + +The deal should also help boost Cash App’s total user base by adding Afterpay’s 16 million users to Cash App’s existing user base of 70 million annual users, Ahuja said. + +Larger competitors have pushed into the market recently, adding to the challenges for Afterpay and its peers. Apple Inc. is teaming up with Goldman Sachs Group Inc. on a buy now, pay later service that would be tied with Apple Pay, Bloomberg News reported in July. Afterpay shares fell 10 per cent the day following the report. + +Afterpay shareholders may reject the proposed Square offer, Bloomberg Intelligence analysts Matt Ingram and Regan Burrows wrote. They pointed out the offer is below the stock’s peak earlier this year and its growth is much faster than the U.S. company. + +Under the proposed agreement, Afterpay co-founders and co-CEOs Anthony Eisen and Nick Molnar would join Square and help lead Afterpay’s merchant and consumer businesses as part of Square’s Seller and Cash App division. + +The acquisition would be easily the biggest deal for an Australian company, eclipsing the US$16.6 billion a group of pension funds last month bid for Sydney Airport, only to have the offer rejected as too low. +Square recently launched its banking operations, including checking and savings accounts for small businesses, and offers loans. The addition of Afterpay also gives the digital payments company a chance to expand into consumer lending, which it doesn’t currently offer. + +‘Shared Purpose’ + +“Square and Afterpay have a shared purpose,” Dorsey said in the statement. “We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.” + +Square also reported second-quarter gross profit of US$1.14 billion, up 91 per cent year-over-year. Gross payment volume, or the total amount of payments processed on Square’s platform, increased 88 per cent to US$42.8 billion, the company said in a statement. Analysts, on average, projected US$36.8 billion, according to data compiled by Bloomberg. Square had been scheduled to release earnings Thursday. + +Total revenue, including Bitcoin, was US$4.68 billion. Bitcoin revenue alone was US$2.72 billion, below the US$3.4 billion estimate by analysts. Square said Bitcoin revenue declined because of “relative stability in the price of Bitcoin, which affected trading activity compared to prior quarters.” +Afterpay was founded in 2015 and now has more than 1,300 employees globally, according to Molnar. + +The board of Melbourne-based Afterpay unanimously recommended shareholders accept the deal, which the company said is expected to close in the first quarter of 2022. + + +https://www.bnnbloomberg.ca/square-to-buy-afterpay-for-us-29-billion-to-tap-younger-users-1.1635504 +Ever since i started learning about trading for about three months already. + +there's so many YouTube channels that aren't genuine and only want to grow their channel. instead of actually teaching. + +&#x200B; + +is there a list of Genuine YouTube channels that actually teach real knowledge. + +stocks, options, or forex. + +Edit: books are helpful too. Was going to read naked forex +But looking for subs i see it’s not as useful. +TA;DR + + +We are not taking these posts down, but understand there has been a concerning increase of vague calls to action in the comments and some titles. Please choose your language carefully so this does not become a problem. We have received a lot of reports and community feed back that this topic needs to be addressed and that is what this post is attempting to do. + + +https://preview.redd.it/jwk9o0p88yi71.jpg?width=750&format=pjpg&auto=webp&s=c0cce7576cde6b380b1b7030eed96874ac83610e + +This subject has been brought up increasingly and it's time to address it. We look at this as being very similar to pictures of buildings with their lights on. It was a grey area but as long as no laws were being broken and you all were having wholesome fun with it there was no problem. The issue arises in the specific language and tone of some of these posts. + +Hive intelligence is an incredible power and its proper use has brought us wonderful DD and exposed the manipulative tactics of hedgefunds. It's also a double edged sword that has done some serious damage in the past and has forced reddit to create an anti witch hunting policy. Anyone remember the boston bombing? + +\*EDIT: Some people are taking exception to the comparison to the boston bomber fiasco. This is fair and understandable. To be clear I am not comparing our behavior with this incident but the public backlash it caused. I apologize if I have offended anyone with this sensitive subject. In my mind it was the most clear and extreme example of what could go wrong.\* + +[https://www.businessinsider.com/reddit-falsely-accuses-sunil-tripathi-of-boston-bombing-2013-7](https://www.businessinsider.com/reddit-falsely-accuses-sunil-tripathi-of-boston-bombing-2013-7) + +This is a really bad look and we need to be careful not to cross any lines. We will be watching the language of these posts and will have to take a heavy handed approach to moderation if you continue to include vague calls to action like, "You know what to do"/"It would be a shame if" + +As long as these posts continue to be based on publicly available information and everyone is extremely cautious with their wording we will allow them for now but understand this is walking on a knife's edge. This topic has the potential to do real harm to this community and I personally would hate to see everything we have built be destroyed or tainted because some apes took it too far. + +Honestly I would like to see the actual investigative work happen outside this sub and only conclusions or revelations posted here. That might be an unfair ask but it seems to be the safest route. We haven't reached that level but we are getting close. + +The MOASS is coming whether kenny bicycles to work or takes a ride on jeff bezos penis rocket. + +Please feel free to use this post the discuss the potential resolution of this issue. +Hoping for some advice here. As it says in the title, I walked away from a Commonwealth Bank ATM without taking my cash ($20). I ran back within a few seconds but just as I got there it pulled the money back and showed a screen that said it took the money back for security purposes with a phone number to call. I phoned and Commonwealth Bank said that since I used a different bank’s card I would have to direct it directly to my bank (QBank). + +I contacted QBank and they said they need to launch an investigation and it would cost $27.50! Obviously doesn’t make sense to proceed but I think this is really poor and I am wondering if there is anything I can do about it. It’s not the end of the world if I lose $20 but for me it’s the principle. I think it’s so greedy. I have all my accounts and a mortgage with them. + +In my email reply I asked for it to be escalated to a senior manager. + +Is there anything I can do? + +UPDATE: +Qbank are processing this for me without the fee, which is great. They make over $700 a month from me in mortgage interest so I did feel that as a customer probably for the next 17 years they should be able to waive a $27 fee (and they did). + +Thank you everyone for your feedback. Just to clarify too, if I left the money in the ATM and someone took it I would have been fine that this was a $20 mistake. My issue was that the ATM took the money after a very short while - why should the bank get the money I forgot? + +Anyway, thanks everyone! +Hi Guys, + +This is one for anyone new here. + +As requested, this is a follow on from my [last post where I talked about index funds, what they are, and how you should be using them to invest. ](https://www.reddit.com/r/UKPersonalFinance/comments/ktokwe/vanguard_index_funds_for_beginners/)Please check it out if you haven't seen it, as it's the base for what's to follow (And thank you again for all the awards!). + +At the end of the video, I introduced Vanguard's Lifestrategy funds, a special set of funds known as One Decision Funds. + +You'll hear a lot about these types of funds on this sub, and that's mainly because, for the vast majority of you, one of these funds is probably all you'll ever need to invest in. Hence the name, one decision funds; you just need one. + +They're great for beginners, novices, experts, for everyone. + +This is not a typical review, where I just talk you through a fact sheet. This guide goes much further, and it in you will learn: + +* How to build a portfolio of index funds +* The problems you'll encounter +* How Lifestrategy funds solve these problems +* The importance of getting your risk level right +* How to work out how much risk you should be taking + +You'll also learn a lot about the fundamental principles and science that goes into building these funds/portfolios because I believe that if you understand these things, you'll be much more likely to stick with it through the rough times! + +[Check out the guide here](https://youtu.be/lGQ9KyQq8Jw); I hope it helps! + +(It was epic to hear that the last video helped so many of you. Thank you again for all the support; you've inspired me to keep creating! And please let me know what other areas or topics you'd like me to cover?) +Russia's government has attempted to peg Ruble's value to gold. It has not yet announced that Ruble is backed by gold, but the Russian central bank has said it will exchange ruble with gold and vice versa for a fixed rate. This has resulted in Ruble's value stabilising, and is now above the levels before the start of its invasion. + +[Ruble is trading above invasion day levels. ](https://preview.redd.it/bx4b6y28guq81.jpg?width=1385&format=pjpg&auto=webp&s=e4e3f1bdc1e15d29d300195e79d469e3ca98379c) + +Using Gold , they are sidestepping sanctions. Yet I cannot find any chatter of how gold is being used to side step sanctions, by the usual talking heads like Elizabeth Warren who tried to make a case that crypto could be used by Russia. She even brought out some Act in Congress agains this.. but Russia is actually using gold, and she is silent as a mouse on this issue. Does she love her gold jewellery so much that she cannot bear to see it being linked with the enemy using it for nefarious purposes? + +They just want to make a worst case scenario for everything related with crypto, and are willing to disregard what is actually happening. Where is the "Protect Gold From Enemies" Act ? + +Russia has not used crypto whatsoever, yet hundreds of articles and forums were keenly discussing just the possibility. In many places you couldn't reason with the mob that Russia cant use crypto given they cannot even access liquid exchanges that are all based out of the West. No one cared, everyone used it as an occasion to smear crypto. + +Now that Russia's government is using gold, all of these people are silent. It is fine to use gold ,but if they use crypto then they will raise their voices? The levels of hypocrisy are off the charts. + +Source for Russia central bank using Gold at a fixed rate: [https://www.kitco.com/news/2022-03-28/Russia-sets-fixed-gold-price-as-it-restarts-official-bullion-purchases.html](https://www.kitco.com/news/2022-03-28/Russia-sets-fixed-gold-price-as-it-restarts-official-bullion-purchases.html) +I am a 22F, full time college student, with a full time job. I am needing to move out of my parents by the end of the year. Like others, I am so nervous about struggling financially, so what are some of your tips? + +How do I figure out what I can afford comfortably/ realistically? How much money should I have saved up? How do you like to budget? + +Side note: None of my friends want to be roommates because they want to live with their boyfriends, so although I know a roommate would be cheaper, I don’t want to live with a stranger and I am wanting to do this on my own! +Large whales like BlackRock have the obvious potential to initiate a squeeze, were they to recall their large number of loaned out shares, but one thing most of you are missing is until these regulations are locked in they *wont* \-- *regardless of the recall/voting.* All of you should read these posts below, they very plainly, and brilliantly, lay out what exactly those regs are doing for our whales (and the markets health/safety in general) in great depth, but to give you a simplified version: + +In short, (from the first link): "the reason we're not going anywhere is because no one wants the system to fall apart until these "firewalls" are in place to **protect the non-defaulting DTC and OCC members and the market itself.** **But furthermore, it's about wealthy entities lining up to feast on the discounted assets liquidated from the defaulting OCC** members via the auction process. OCC-004 eases the on-boarding of non-Clearing Members (BlackRock? Fidelity?) to the bidding process." + +As it stands, major clearing houses like the NSCC traditionally would have pulled funds from their members, such as: BofA, BlackRock, Fidelity, Vanguard, JP Morgan, Morgan Stanley, and many more, but basically all of our whales(!), in the event of a member default (like when someone gets squeezed). So its absolutely NOT in their interest to cause a member to default and create potentially one of the largest squeezes in history, because the NSCC/DTC would by right pull money from THEM to prevent their own collapse (see Rule 4 in the NSCC member contract). + +Well now these rules, **SR-DTC-2021-004 and OCC issues SR-OCC-2021-003 and SR-OCC-2021-004**, some of which are still pending, would allow the DTC/OCC to draw first from the defaulting members deposits/contributions (of which all members are required), **then use that defaulting members assets as collateral to borrow from other members** (our whales) in order to stay liquid. + +Theres more to it, read these posts, this user is someone you should all be following and **needs to be upvoted**, but these rules would allow our whales to also buy these defaulting members assets on the super cheap and protect them from the worst of the squeeze, of which they are currently at risk! So until these are in play, there is no reason for our whales to light this fuse. + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004\_why\_this\_proposed\_rule\_change\_is/](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/) + +[https://www.reddit.com/r/Superstonk/comments/mkju4s/srdtc2021004\_and\_srocc2021801\_for\_apes/](https://www.reddit.com/r/Superstonk/comments/mkju4s/srdtc2021004_and_srocc2021801_for_apes/) + +[https://www.reddit.com/r/Superstonk/comments/mkvgew/why\_are\_we\_trading\_sideways\_why\_is\_the\_borrow/](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/) + +Edit: + +here is another post explaining the NSCC member contract, also a link to it: + +[https://www.reddit.com/r/GME/comments/ma5did/nscc\_clearing\_fund\_dd\_why\_the\_long\_whales\_are/](https://www.reddit.com/r/GME/comments/ma5did/nscc_clearing_fund_dd_why_the_long_whales_are/) + +I’m just gonna add, thank you all for the awards, please show some love for both c-digs and legalese, this is completely all their work, I just couldn’t believe how few upvotes their posts have and wanted to post some kind of synthesis because one of my comments in another thread was getting so many questions about their data/info + +Obligatory, this is not financial advice! +My dad(50M) and I(25M) recently got a joint mortgage together. We are the only ones working full-time. We each pay half of the mortgage payment every month. + +Now I want to move out (for personal reasons) and rent a flat in a different city. + +I've thought of some options: + +1. Move out and keep paying the mortgage. But this will make money tighter with paying my new rent. +2. Take my name off the mortgage completely. But no one else is working full-time so I can't put anyone else on the mortgage instead. +3. Wait a few years until a sibling gets a full-time job and replaces me on the mortgage. But I want to move out asap. + +Are any of these options viable or am I stuck with my parents for the next 2 decades? + +Is there an option I'm missing? + +**EDIT 1** Answers to some common questions: + +* My dad wanted a bigger house so he could keep the family together. +* I was encouraged to help my dad to get a mortgage as he couldn't afford it on his own. +* He won't be able to pay the full monthly mortgage payment on his own. +* My mum is a housewife and works part-time (sometimes). +* My dad and I are joints tenants, according to solicitor's paperwork, so we have equal rights to the house and it will become mine if he dies, regardless of his will. +* The mortgage is fixed for 5 years so I will be costly to change it. +* I plan to move to another city and start off by flat/house sharing. I will also have better opportunities to get a higher salary there. + +**EDIT 2** List of suggested options from comments: + +* Talk to my dad (& family), have a calm conversation and plan something together. +* We sell the house, with or without going to court, and I take 50%. Dad then buys a smaller house and my family moves there. I find a new place by myself. +* Switch to interest-only mortgage. So monthly payments will be lower. But I'll have to deal with the house (most likely sell it) after the mortgage ends. +* Increase incomes: + * I could get a job in the new city. They generally pay more. + * Dad could try to get a better job. + * Rent out my room (not the whole house) to a lodger. This will help to pay the mortgage or my new rent. +* Increase dad's payments and decrease mine when I move out. Maybe he can afford the payments. +* Split my new rent 50/50 with dad while keeping the mortgage at 50/50. +* Have family pay me 50% rent for living in my share of the house. +* Don't pass on the problem to my sibling. I don't want to pressure them into making the same mistake I did. Instead help them to open an LISA and have a better future for themselves. + +Finally, I've learnt a lot from my expensive mistake. Please don't make the same one! +Hi everyone, + +I have a condo. + +Mortgage = ($1425)/month (2.54%, fixed rate) (around $700 interest) + +condo fees = ($465)/month + +property taxes = ($130)/month + +rent = $1350/month + +overall = ($670)/month = ($8040)/year. + +&#x200B; + +Mortgage = $300.000 + +price to sell = $260.000 + +payment to broker (to sell) = $10.000 + +penalty for selling early = $3.000 (before 2021) + +&#x200B; + +Conclusion - can't sell, losing 8300$/year on nothing. + +&#x200B; + +Future perspectives: + +rate is increasing: bought at .75, now it's 1.75, three more increases are being considered, When I'll renew my mortgage in 2021 the rate will be around 2.5%, which means higher mortgage interest rate (2.5% -> 5%), higher payments (up to $400/m). The rent price is not being planned to increase since the general economy in the region has a tendency of stability. Thus, in 2021 my anual losses will be aroun $13.000/m + +&#x200B; + +My plan. + +Strategy 1. Keep the condo, make more money, sell the condo in 2021. Selling now means $50.000 loss to save $16.000 over 2 years. On the other hand, I'm using these money for investments I'm managing to cover the losses, even with a small plus. + +&#x200B; + +Strategy 2. There's an expectancy that 2019/2020 - will be the period of recession. Condo and rent prices might go down which will increase the losses more than expected now. Thus - better spend 50.000 now, close the loss, get back on positive balance sheet and recover in the next 3-4 years. + +&#x200B; + +Can anyone, please help me with some suggestions how could this problem be solved ? + +&#x200B; + +My friend told me to write here and maybe some better strategies could be found. + +Thanks in advance ! + +&#x200B; + +============= + +UPDATE 1. + +&#x200B; + +Thanks a lot for all your comments and help and involvement !! + +After your suggestions, I'm considering: + +\- keeping the condo and selling in 2021. I will lose money anyway, but selling in 2021 has the least loss. Plus, if comments are correct, during a recesion rent goes up. Plus, if recession occurs, is strong and price goes down more - I'll have some more money (made with these 50K) to cover the losses. + +\- renegotiating interest rate with the lender before 2021. + +\- shortselling (capital loss can be carried forward as a capital gains loss and can offset any other capital gains, further reducing tax liability \[[adoodle83](https://www.reddit.com/user/adoodle83)\]) + +&#x200B; + +The decision to buy this condo wasn't only mine. I asked around. But we are biased. Bying the condo was a mistake, a serious miscalculation, I was played very well. Thanks to Daniel Kahneman's and Robert Chaldini's books - I now understand better the biases and the persuasion methods and I found the methods that were used on me. Most important lesson from this - always talk to other people who would be less-biased and non-involved. + +&#x200B; + +THANKS ! + +&#x200B; + +============ + +UPDATE 2. + +After a discussion with [pdoherty972](https://www.reddit.com/user/pdoherty972) an intriguing idea has come up: + +&#x200B; + +after the condo is paid (in 25 years), the final price will be 320K + interest 4%/year average, by 25 years = additional 320K. So the real price for this property is 640K. Additional repairing + special assessments + unpredicted things - have to be considered, let's put 1000$/y = 25.000$, final value = 665.000$. + +Rent now is 1350/m, 16.200/year, this is 2.5%/year from condo's real value. Over 25 years (mortgage duration), the rent will pay around 62.5% from condo's value. + +In a best case scenario, rent increases by 1%/year, that's additional +13$/month. Condo fees also increase hopefully not more than 2%/year (-9$). the difference of 4$ gives additional 1200$ over 25 years. Meaning - nothing significant that would compound the mortgage+condo fees +property taxes losses. + +Finally, over 25 years I will have a property that costs 665.000$ this property was paid by the tenant with 416.000$, thus 250.000$ will be paied by me alone. + +Probably, this would mean that property's real cost is 250.000$. If considering a rent of average 1400$/month, this would mean a return of 6.7% per year. + + A 6-7% return would be in line with today's return from low-risk state bonds and it really seems that real estate investment is worth a risk. There are probably some errors in these numbers though. Additional analysis would be needed. +Surprised Redfin is willing to come out and admit that, yes, home values can actually fall. + +They also actually think median rent will turn slightly negative, which is interesting. + +Thoughts? + + [Redfin’s 2023 Housing Outlook: A Post-Pandemic Sales Slump Will Push Home Prices Down For the First Time in a Decade (yahoo.com)](https://finance.yahoo.com/news/redfin-2023-housing-outlook-post-130000509.html?.tsrc=fin-srch) +Everyone here hates Robinhood, and rightfully so, I hate them too! + +BUT, their interface is amazing and so user friendly. Don’t get me wrong, I hate the company, but it seems their layout is so much better than every other broker I look at out there. + +They all seem so outdated, what broker do you all use? +Recently, I have been constantly seeing posts with screenshots from Twitter that aren't related to Ethereum at all. And I'm wondering why such content is in our subreddit. The description of the sub says: "The Ethereum investment community". + +Then what are the posts about student loans / overdraft fees / taxes / etc doing here? + +These posts don't relate to the main purpose of this sub (Ethereum) and it seems to me that this isn't the place for them. I have a feeling that they are being posted here for the sake of farming karma, because such posts usually attract the most attention and traction. + +I can partially understand the posts related to interest paid by banks/inflation, since many see Ethereum and crypto as a solution to such problems. But the rest of the posts can hardly be justified in this way. + +I'm new here and maybe I'm wrong in something, so please correct me, but so far I just don't see why such content should appear here. I'm open to discussion if someone disagrees with my opinion +Welcome to the **/r/CryptoMarkets** Monthly Discussion thread. The thread guidelines are as follows: + *** + + - Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + - Breaking news or other important content should be submitted as a separate post. + - Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread. [See here](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/). + - If you are using RES, please click the subscribe button for the comment section to be notified when new comments are posted. + - Follow the golden rule and be excellent to each other. + + *** + + Thank you in advance for your participation. Enjoy! +I posted here about 3 months ago when I was struggling after being made redundant from my work. + +Thank you very much to the people who shared their redundancy stories. It really helped me feel less alone and see the light at the end of the tunnel. + +Good news! I’ve started a new role. I’m 2 months in now. + +The redundancy has changed how I think about work. It’s left me slightly jaded but I feel like I’m seeing things for how they truly are. + +It was a hard lesson to learn but ultimately I learnt that your boss, executives and HR (and even some of your colleagues) don’t really care about you. They’re not your friends. You’re just there to fill a role within a business. You are replaceable and you’re not special (I say this in Anna Delvey’s voice). + +It sounds harsh but it’s helped me accept that my loved ones and my mental health are so much more important than anything else. No job is worth your mental health. A job is just a job. No job is truly permanent. HR and leadership are invested in the best interests of the company and not you. + +Peace out ✌️ +EDIT 3: u/_writ just posted this in the comments. Seems like the below might be a Fintel issue rather than under-handness floating to the top as it appeared in some shape or form: + +https://preview.redd.it/6lsh1hnaral71.png?width=1332&format=png&auto=webp&s=731f6da155c3f16dcadca103cd3d4dd665a4de40 + +Apologies for some morning hype - I didn't expect to pick up traction before someone with real wrinkles solved it. I'll see if I can get the flair updated to debunked. At least we all learnt how to unpackage a CMBS now ay! No cell, no sell. + +&#x200B; + +Hi Apes + +I have just stumbled across this SEC filing listed on Fintel against Gamestop on 08/31/2021: + +&#x200B; + +[https:\/\/fintel.io\/ipro\/gamestop](https://preview.redd.it/ibyq665rk9l71.png?width=1678&format=png&auto=webp&s=bcf0fb734c40ecf98e0f1ad4d2ab07f21e9bee17) + +A quick double check on some other stock shows it's not appearing wholesale, just on GME (as far as I have spotted). + +You can see the full filing here: [http://otp.investis.com/clients/us/federal\_homeloan/SEC/sec-show.aspx?Type=html&FilingId=15202618&CIK=0001026214&Index=10000](http://otp.investis.com/clients/us/federal_homeloan/SEC/sec-show.aspx?Type=html&FilingId=15202618&CIK=0001026214&Index=10000) + +It doesn't mention Gamestop. + +So why has Fintel linked them up? + +Well - I have attempted to grow a wrinkle. + +&#x200B; + +[\[X\] Rule 15Ga-2](https://preview.redd.it/ww14b42ml9l71.png?width=2130&format=png&auto=webp&s=75cf79d69ed49bfc0c5eb2293dc690cc06d1a42d) + +So it seems the document has been filed to comply with Rule 15Ga-2. 15Ga-2 is effectively means if you want to sell a new asset backed security, then you have to disclose all third party reports on the underlying asset - at least 5 days before the sale + +https://preview.redd.it/g5so8t7jl9l71.png?width=1766&format=png&auto=webp&s=5ed1e472d17eea09801445ff87bcc6ecb19ac5f4 + +So someone is looking to sell some asset backed securities... + +&#x200B; + +https://preview.redd.it/eip9q3bmm9l71.png?width=1202&format=png&auto=webp&s=3671acc08b1e72a300e3df26f484e4c3e202373e + +K131... well that hasn't happened yet... but K130 sets out what these are all about: + +[http://www.freddiemac.com/mbs/data/k130oc.pdf](http://www.freddiemac.com/mbs/data/k130oc.pdf) + +&#x200B; + +https://preview.redd.it/hyq4r5yao9l71.png?width=642&format=png&auto=webp&s=e12a17534d427b85f6ed80324ea9436b541a7203 + +Can someone give me a 2008 CMBS crash anyone??? + +Well - I'm heading down the rabbit hole with this and will add more as I discover more, but my initial reading is that Freddie Mac are going to sell off a bundle which will involve GameStop related assets. + +&#x200B; + +Please bring your wrinkles and help me work out what is going on? + +&#x200B; + +Edit 1: u/NewportMentholShorts with this nugget of research - Does someone need to build a 5% position in GameStop? + +[**NewportMentholShorts**](https://www.reddit.com/user/NewportMentholShorts/)·[6m](https://www.reddit.com/r/Superstonk/comments/ph2pvo/sec_filing_suggesting_upcoming_asset_backed/hbfl2m9/?utm_source=reddit&utm_medium=web2x&context=3) + +“Section 941 of the Dodd-Frank Act amended the Securities Exchange Act of 1934 by adding a new section 15G ("Section 15G"), which generally requires a securitizer or sponsor of asset-backed securities ("ABS") to retain not less than 5% of the credit risk of the assets collateralizing the ABS issuance.” + +&#x200B; + +Edit 2: I've been reading through the circular for the last ABS (series K-130) that involved a similar group and - to answer a comment that seems to pop up now and again - although this is multi-family, it can contain commercial units as well: + +https://preview.redd.it/8tuj3xiplal71.png?width=1038&format=png&auto=webp&s=69adc8cde2f5631868b60385a77740edcc1a1050 + +I think the 'is it relevant for GME or just a fuck up by Fintel' will only be known when they release the k-131 documentation, where they have to list out the assets that are being bundled. Seems to be a all-star cast of dodgy banks though! +https://www.cnbc.com/2019/03/28/icelandic-airline-wow-air-collapses-and-cancels-all-flights.html + +Wow Air’s first flights took off in 2012. + +The airline has now collapsed, telling customers that all flights are canceled. + +Passengers are told to go looking for “rescue fares” from rival airlines. +https://www.cnbc.com/2019/03/28/icelandic-airline-wow-air-collapses-and-cancels-all-flights.html + +Wow Air’s first flights took off in 2012. + +The airline has now collapsed, telling customers that all flights are canceled. + +Passengers are told to go looking for “rescue fares” from rival airlines. +[https://www.cnbc.com/2020/07/15/goldman-sachs-gs-earnings-q2-2020.html](https://www.cnbc.com/2020/07/15/goldman-sachs-gs-earnings-q2-2020.html) + +> The bank generated $2.42 billion in profit, or $6.26 a share, according to a [press release](https://www.goldmansachs.com/media-relations/press-releases/current/pdfs/2020-q2-results.pdf), crushing the $3.78 a share estimate of analysts surveyed by Refinitiv. It was the New York-based bank’s biggest earnings outperformance in nearly a decade. Revenue of $13.3 billion was more than $3.5 billion higher than the estimate,  fueled by strong results in its trading and investment banking divisions, which made up three-quarters of the firm’s revenue in the period.  + +&#x200B; + +>Revenue of $13.3 billion was the second-highest ever for the firm and up 41% from a year ago. +> +>Fixed income trading revenue came in at $4.24 billion, the highest in 9 years. +> +>Equities trading revenue was $2.94 billion, the best quarter in 11 years. +> +>Investment banking revenue was a record $2.66 billion. +Less than an hour ago, someone on here [posted a story](https://np.reddit.com/r/CryptoCurrency/comments/svj6wk/bitcoin_miners_revived_a_dying_coal_plant_then/) from the Guardian titled "Bitcoin miners revived a dying coal plant – then CO2 emissions soared". It's an interesting story, you should read it. Factual, well-informed reporting, as most articles are in the Guardian. Honestly, that article is more informative and interesting than 99% of the articles that usually get posted. + +However: it highlights a negative aspect of crypto, or more specifically PoW/ Bitcoin, and shows that this "they exclusively use renewable energies, BTC is good for the environment!!" narrative is, of course, not true. For that reason, it received negative karma, with the first comments being stuff like "Typical crap to come out of the guardian" and just "Ffs". + +At the same time, [a post re-warming a dodgy survey from 2 months ago](https://np.reddit.com/r/CryptoCurrency/comments/sviv3o/recent_survey_shows_83_of_millennial_millionaires/) that was already posted 1000 times back then but is "bullish" for crypto gets 90% upvotes and voted to "hot" and nobody questions whether those numbers are true. + +Come on guys. You can do better. +I have a question for everyone who’s hot wallet was “hacked” or otherwise lost tokens specifically because of something about their wallet. + +What could have you done to avoid it? How did losing that money change how you use wallets today? + +I think hearing from you guys would especially help us newbs learn how to protect our crypto better, so if you could share some wisdom, that would be great! +I’m looking into changing careers and have been thinking of buying a business of some sort to make it happen. A hotel came up for sale in my home town and I do not know if it is priced fair. How do I figure out what a fair offer would be on it? +I think a lot of people can be helped by hearing believable ideas for why this downturn is not particularly worrying, and how exactly the main issues are going to be resolved, or why they are in fact not existential threats. So granted that we have: + +Global high inflation, almost every significant country is in high single digits or low double digits. + +National debt is close to or much higher than GDP in most developed nations. + +Increasing interest rates in every developed nation that may continue to rise, potentially to high single digits if inflation is not curbed. + +Stagnating or even decreasing buying power for the working class in almost every developed nation, most people who don’t already have assets seem to be on an earning trajectory that can never buy a home, or certainly never a “good” home. + +Ideologically opposed and powerful nations (Russia, China, US/Europe). + +Yes, there are no sources - I’m just amalgamating what I think most fearful and “perma bears” seem to believe. Data that refutes these claims are also really helpful. + +So, why is this like any other predictable and not terrible downturn, that will soon be followed by another boom, and then healthy bust again and so on. +I’m starting an account for my son who will be turning 5 this year. The purpose of the account is to help give him a head start in life. So that I can set it and forget it, all stocks will be divided stocks set to drip. + +Currently I’m looking at ARCC, T, ARKF & KMI. Starting with 1k, buying 10 shares of each and then seeing what is left over. If the funds are there, I was going to toss 1 share (maybe two) of ABBV or MO in there as well. + +As I can, I’ll add (hopefully) between 1200.00 - 5000.00 a year to help it grow. + +I know that the market is crazy right now, so maybe I should wait? 🤷‍♂️ + +Thoughts and suggestions are always appreciated from this great community. +Hey folks, this is a follow-up to my recent short post "I don't really mind when the market drops" ([here](https://www.reddit.com/r/dividends/comments/r871kj/i_dont_really_mind_if_the_market_drops/)). + +In that thread I had a discussion with a user (thanks for the discussion!) which reminded me of this other important reason I choose dividend investing: because it relies on productivity and not finance. + +When you buy growth companies or whole-market indices, you're almost always relying on capital appreciation to get a return on your investment. Historically, is this a good idea? Absolutely! But as we all know, past performance does not indicate future results. There's a reason all financial products make that disclaimer, and it's not just lip service. + +Do I believe that the top 500 companies in the USA, for example, will continue to grow over time and provide value to shareholders? Absolutely! So that's a great case for VOO, which historically has obviously been one of the best investments you could make. What's my issue, then? + +My issue is that your return from an index (or growth company) does not solely depend on productivity, profits, and free cash flow. When you rely on capital appreciation for return, you're also exposing yourself to four other factors: monetary policy, animal spirits, speculation, and Wall Street. All four of these things work to distort the stock price away from its fundamental value (look at the market right now, it's overvalued by nearly every metric - [source](https://www.currentmarketvaluation.com/).) Let me explain each of these factors: + +1. **Monetary policy:** pumping the market with unprecedented levels of liquidity inflates asset prices and causes stock prices to go up. What happens when monetary policy tries to tighten? The "taper tantrum" in 2013 ended up being quite mild, but when the Bank of Japan tried to tighten in the late 80s they absolutely destroyed the Nikkei index, which still hasn't recovered over 30 years later. Could it all work out fine? Sure! But it's a risk I prefer to take into account. (Also, check out the level of liquidity now vs. post-2008: [US M1 money stock](https://fred.stlouisfed.org/series/M1NS)) +2. **Animal spirits:** this is a term I borrowed from John Maynard Keynes. He was referring to consumer confidence and spending habits, but I believe it also applies to financial markets. Human beings have a nasty habit of jumping on the bandwagon when times are good (now), and a bad habit of jumping ship when things tank. This inflates asset prices in good times, and makes it difficult for them to recover during the bad ones. The saving grace in the last 20+ years has been the Federal Reserve and central banks, but even so, one could argue that a policy of ever-more liquidity and ever-lower rates (now negative in some countries) is simply "kicking the can down the road". +3. **Speculation:** Related to above. You have people betting on the price of an asset going up rather than the fundamentals of the company. They may try to justify it based on fundamentals, but note that most of the crowd jumps in *after* the price has begun to rise drastically, not before. +4. **Wall Street:** Related to speculation. The difference here is they're controlling big money and can really move things. Also, if they screw up, they can bring down the whole financial system and destroy investor confidence, ala 2008. + +When you buy growth companies or broad market indices which rely on capital appreciation to provide you a return, you are at the mercy of all of these forces. + +Dividend investing, on the other hand, relies on **productivity, revenue, and free cash flow** in order to provide a return to shareholders. It's the most basic and ancient system: make a product (or service), sell it, pocket the money (or distribute it to shareholders, in this case). You can think of it as being part owner in a business, which actually is exactly what being a shareholder means. + +Is it possible that people stop buying Coca Cola in the next 10 years? I mean, maybe. It's not exactly the healthiest thing in the world, so there's definitely a case to be made for declining sales. But completely disappearing? Pretty unlikely. So when you invest in KO, all you're betting on is that people are going to continue buying and drinking Coca Cola for the foreseeable future. Now that's a bet I'm willing to make. + +I think valuation is also important for dividend investing, and I consider myself a value investor. If you can find strong companies that pay 3-8% yields, that's obviously a more robust return than a company which is only yielding 1% (yield is determined as much by the above factors as by what the company actually pays out). I like LMT on the low end of that range, and BTI on the high end - both are monsters which generate enormous free cash flow, and both provide products that people need (the US government relies on LMT for defense, and people are addicted to nicotine). + +What's more: as I said in my previous post, during a downturn, not only do these sorts of companies usually sell products that people need no matter what's going on in the world (also think JNJ, MMM, etc.), if the market does correct, your dividend yield goes up and you're able to scoop up more assets with your DRIP. + +Finally, I don't have my entire portfolio in dividend players. I think value investing goes hand and hand with dividend investing, and the point about avoiding Wall Street and animal spirits (etc.) absolutely applies to selecting companies which trade at a reasonable valuation in the present. + +Do note that, long-term, I think index fund investors will do just fine, as long as they're making regular contributions and not afraid to stomach serious volatility. My retirement account is in index funds (I have 40 years until retirement). I am using dividend companies to provide me with a cushion for the medium term of 5-15 years, where I have the option of turning off DRIP if I ever feel the need to supplement my income. I also like the idea of having half of my investments in broad-market indices, and the other half in defensive, dividend-paying investments. + +I hope this helps. Good luck to all. +I don’t know about the rest of you guys, but browsing LinkedIn and seeing people in my industry pat each other on the backs for meaningless work achievements or people professing their “love” of their employers makes me want to become a successful day trader more than anything else. Seeing people work 50+ hours a week and sell their souls to some company just to climb the ladder and get a raise to hopefully retire comfortably some day is so depressing. And knowing that you’re just a number to them and they’ll lay you off at the drop of a hat if the company has a bad year makes it even worse. + +Sorry, rant over. + +Edit: Wow, this got a lot more replies than I was expecting! Glad to see I’m in the right place with like-minded people. Seems some of you guys are making a living from your trading and I hope I can do the same someday. +Just a PSA for all you lovely people. + +It's been said before, but the trades really are a great way to be financially stable without an education. + +I just started a plumbing apprenticeship with a taxable wage of $15.19 an hour, and a take-home wage of $14.19 an hour. Every year for the next five years, I will get a roughly $2 raise. My journeyman wage will be (as of right now) $37.98 an hour. + +For those of you curious about what that looks like for a yearly salary: + +* First year - $31,600 +* Second year - $39,500 +* Third year - $47,400 +* Fourth year - $55,300 +* Fifth year- $67,200 +* Journeyman - $80,000 + +There's a lot of work involved, and there's terms and conditions. + +1) You are required by the union (this one, anyway) to go to school two nights a week for three hours a night throughout the five year apprenticeship. It follows a standard school schedule, so you get summers off. You do take out a small loan for this to cover materials and training in the classroom. If you leave the union before completing your apprenticeship, you have to pay it back in full. + +The good side of having to go to school is that everything you learn is immediately applicable to what you're doing in the field. It's not like taking art history just to fill your credit hours for your science degree. + +2) While an apprentice, you can't do plumbing work outside the union. The logic being "we're not paying for and training you to work outside of the union for somebody else," which I understand. If you're looking at a different kind of union, I'm sure they have a similar policy in place. + +3) The union will not always have work for you. If you're a journeyman this isn't a big problem. As an apprentice, you can't do plumbing work outside of the union for an independent contractor or something along those lines. And you still have your apprenticeship classes even if the union doesn't have work for you. I don't know how common it is for this to happen where there's a lot of people "on the bench," but it's common enough that you should have a minimum of three months savings while working in the trades. + +The flip side to this is that you can get a lot of job security based off your merit and work ethic. If you work well and work hard, and don't have safety violations, a company will really try to keep you on their payroll. So, your reputation and merit make a difference, for better or for worse. It's completely up to you + +4) You never know who you're going to work with. The company that hires you may not be well run. The foreman could be incompetent or an asshole. The journeyman you work with as an apprentice could be incompetent or an asshole, which means you won't learn shit from them. + +5) If you're a woman entering the trades, it can be a bit intimidating. DON'T BE SCARED. So far, nobody has made any inappropriate comments to me. I've heard some "boy talk" fawning over a cute girl on site, but it hasn't escalated beyond that and become inappropriate. The company I was hired by has very strict harassment policies. Not all of them will, unfortunately. Where the company might not have strict policies, your coworkers will make up for it. There's a lot of comraderie involved, and the people you work with will want to have your back. The guys I work with call me their little sister. If the company sucks and your coworkers suck, you'll be respected for standing up for yourself. This isn't some bullshit retail job where you have to silently accept the abuse being thrown at you. + +So, it's not a cakewalk. But, it wouldn't be any harder than trying to work two or more jobs while going to school for a degree. And there's a guaranteed pay raise every year while you learn the skills to do your job. You know exactly how much you're going to be making, indefinitely. + +Plumbing has a lot of math involved. As someone who used to hate math, it's not as bad as it sounds. If you have good problem solving skills, or are good at puzzles, plumbing might be a good fit. + +Everything I've said in this post is based off my own observations. If anyone more experienced in the trades has any input or corrections, please feel free to add it. If you want more information on a union, simply Google search the trade and your city, ex. Bremerton Carpenters Union, Amarillo Plumbers Union, etc. + +Edit: formatting +I grew up below the poverty line. Worked very hard, got myself out of the cycle. I'm now a well-educated adult pulling in six-figures a year. I have no debt (aside from a mortgage) and I max contributions to my employer's retirement offering. I have about $175k just sitting in a bank account earning me no interest and I add about $5k to that each month. I have intended to grow that money for years, but have . . . not. I seem to have investment paralysis. I know nothing about growing my money and I don't have any trusted life advisers I can talk to about it (because they don't know anything about growing money either, not because I don't have good people in my life). It's all very overwhelming for me. I don't know where to start. The idea of investing poorly and losing my money terrifies me as my biggest fear is ending up in poverty again. Can anybody provide any help or guidance? An easy to digest beginners guide? +Does it seem like the real estate market is finally slowing down? I am on the west side of the country and it seems like houses are sitting on the market longer. +I’m British, which means talking about money with anyone you know is pretty much illegal. However, I had the best month I’ve ever had in April and got paid over £3,000 after the tax man had his way with me. I’m super happy and wanted to share it somewhere, thinking here was best. + In my case, trading bot usage is almost unheard of because most places just do not allow it. I learned about trading bots and registered for those that provided free access just for curiosity and tried [Breaking Equity](https://www.breakingequity.com/) and [Streak World](https://streak.world/) which both don’t require coding and should be simple to get started. + +And for me, trading bots are just tools. The devs create the tool, let customers try it, experiment with it and collect data on which setups are making money, then you copy, and you profit. With this though, you could also make money by selling the data that is being collected. + +The user configures the requirements and how the bot will behave. You must modify them to reflect the current market cycle. If you play your cards right, then PROFIT! But if you don’t, you can get a 0 balance very quickly depending on the risk. As a result, it isn’t hands-free. + +The main advantage of having a bot is the ability to execute a plan 24/7. It offers you more control over your portfolio and "does it for you," but a strategy is still required. We must also keep in mind that no bot is ever truly perfect which is why the devs keep improving them with updates. + +I still recommend that people also do coding. Examples are like [Trality](https://www.trality.com/) which is Python-based and Python is one of the easiest languages to learn. And [Trade Ideas](https://www.trade-ideas.com/) which has been around since 2002. + +And so with that, definitely trading bots are worth it **if you use it as a tool**. If you want to use a bot effectively, you must already be skilled at trading without using a bot. Some bots may be useful in certain market scenarios. With the default settings, no bot will continuously make you money. + +So learn and practice the strategy that is best for you and only then go live. +Four years ago when my husband and I separated, I was maxed out on two credit cards and had a brand-new car loan. I was juggling late fees and had to resort to payday loans to keep utilities on. + +Since then, I've been on a strict budget and basically living like I did when I made $10/hr. Yesterday I zeroed out the last of my credit cards, and I just now paid off my auto loan a year early and am officially out of debt, and my credit score has gone up two hundred points! + +Basically, I set up biweekly automatic payments on everything so that an equal amount would be coming out of every paycheck and I wouldn't be scrambling or broke when the big bills were due. Did the avalanche method, and applied every tax refund and work bonus towards the debts. + +I've been working from home since early March, and used the money I would have spent on gas, along with my $20 weekly "play money" allowance, to make extra payments as often as possible, just to watch the totals go down. + +My next step will be to open a savings account at the credit union and start setting aside the money that's been going to bills, and in a year I should have enough for a mortgage down payment on the house I've been renting-to-own. + +I'm allowing myself a small celebratory spending splurge in the form of a new tattoo before I'm back to the budget, but a HUGE weight has been lifted. I just wanted to share with folks. It can be done! + +edit: wow, thank you for the gold! :D +Hi all. My younger brother died last week at a very young age and he has invested quite a lot in ETH. I am unsure of whether I have in possession of all of the investments, but I have a nano ledger s and some encrypted information on several USBs (he had always said he sent those to me for backup purposes). I think he used truecrypt to encrypt these USBs. There is also a SSD with what I believe would be information relating to the account. Obviously I don't want to get hacked or lose access to the money he and my family spent on. Any advice? Any way I can decrypt the information on the USBs? I know that nobody on the internet can be trusted and I do have some family/close friends who are knowledgable with computers/coding, but I would like to know more before handing over such precious information and possibly lose access or currency in the process through stupid mistakes. + +TL;DR: brother died suddenly, need to ensure safest/best way to retrieve ETH and transfer it to an account of my own or withdraw it somehow. +Morning/Evening, + +We've got another AMA lined up with an exciting guest, Dennis Kelleher from [Better Markets](https://bettermarkets.org/)! + +# About Dennis + +>Mr. Kelleher is the President, CEO, and Co-Founder of Better Markets. He is an internationally sought expert on financial reform, financial markets, economics, regulation, legal issues, and their intersection with political matters. In addition to testifying in the U.S. Senate and House of Representatives, he also speaks frequently in the U.S. and Europe on these matters at conferences, seminars and symposiums as well as on all media platforms. You may recognize Mr. Kelleher from the second House of Financial Services hearing *GameStopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide*, as well as his appearance in the 2022 HBO Max Documentary *Gaming Wall Street.* His full bio can be read [here](https://bettermarkets.org/team/dennis-m-kelleher/). + +&#x200B; + +**The AMA will be recorded in late March and posted in early April.** + +Ask away, any and all questions you have! + +**Note:** If you're unable to comment due to karma requirements and have a question - please still comment it. It'll get removed, however, we'll still be able to see them. We go through every single question, so don't fear that your question will get lost in the many hundreds! +Yes, hello, it's true, as u/jswyft crystal balled months ago, PLS is gonna start paying dividends. Fuck the boomers, this is my millenial boomer fave now! + +mining.com "[PILBARA MINERALS TO BEING PAYING DIVIDENDS](https://www.mining.com/web/pilbara-minerals-to-begin-paying-dividends/) + +"Investors have been bidding the Pilbara Minerals share price higher today after the company unveiled its capital management framework. + +With Pilbara Minerals generating significant free cash flow from its operations, it is now in a position to start thinking about capital management. + +Pleasingly for shareholders, this means that dividends are expected to be paid from FY 2023, with management aiming to pay out 20% to 30% of its free cash flow to shareholders." +Sorry to bring this up again. I've always believed that despite their low returns, bonds had a role to play in a balanced portfolio. Either to dampen volatility, provide something to rebalance against during the equity dips, improve risk-adjusted returns due to low correlations to lever an optimal portfolio... + +This is everything I've heard, but I'm just believing it less and less. + +I did a quick test here just on [google sheets](https://docs.google.com/spreadsheets/d/1t7xOheId6-4rdjC6HHa-hemlfH7u6SZGT9d6i8cXVYU/edit?usp=sharing). In short here is the performance of $100,000 (dates are rough, not the definitive start and end dates of the period in the titles) + +|Peak to Bottom, GFC||| +|:-|:-|:-| +|Start Date|November 2007|| +|End Date|March 2009|| +||80% / 20% SPY AGG|100% SPY| +|Rebalancing Monthly|$55,185,45|$46,927.10| +|No Rebalancing|$57,384.94|$46,927.10| + +&#x200B; + +|**Peak to Recovery, GFC**||| +|:-|:-|:-| +|Start Date|November 2007|| +|End Date|Jan 2013|| +||80% / 20% SPY AGG|100% SPY| +|Rebalancing Monthly|$104,993.76|$100,537.41| +|No Rebalancing|$102,404.14|$100,537.41| + +&#x200B; + +|**2020 Covid Crisis**||| +|:-|:-|:-| +|Start Date|Jan 2020|| +|End Date|Jan 2021|| +||80% / 20% SPY AGG|100% SPY| +|Rebalancing Monthly|$114,423.11|$116,162.31| +|No Rebalancing|$113,965.71|$116,162.31| + +&#x200B; + +|**Last 15 Years**||| +|:-|:-|:-| +|Start Date|May 2006|| +|End Date|May 2021|| +||80% / 20% SPY AGG|100% SPY| +|Rebalancing Monthly|$266,279.26|$313,687.71| +|No Rebalancing|$274,268.13|$313,687.71| + +So obviously, having an allocation towards bonds helped during times of crisis, especially in the drawdown period, but not so much in the long run. + +Surprisingly, even the added value of being able to rebalancing isn't so definitive versus holding. During prolonged downturns, you're rebalancing more into equities which continue to drop further and faster than your bond component. During recoveries, you may be rebalancing away from equity momentum. + +Finally, if the bond allocation is only better than 100% equities during downturns, and if the long-run has 100% equities outperforming, isn't trying to have a bond component for the option to rebalance during downturns almost akin to market timing? + +Is the only reason for bond allocation at this point volatility dampening effects? if that's the case should we be looking to cash? or even less correlated assets? or more diversification? + +If the drawdowns didn't affect your ability to afford your life, i.e. no need to draw on even 20% of the portfolio for the next 10 years, should we just be 100% equities? Presuming the stomach allows it? + +I know this might have been a roundabout way going at what we already have a rule of thumb responses for. "no need for it if young and high enough risk tolerance" or "(120 - age)% in equities, rest in bonds", but I'm having a hard time seeing even the slightest benefit to it. I haven't shown it here, but it's hard to even create a return/volatility optimal portfolio with it given recent data. Correlations are not as low as they need to be. If you really were a 70-year-old retiree, I would even say bonds don't have enough of a return premium relative to their risk over cash. + +I would post this on /r/changemyview if it weren't so topic-specific. Why do you / would you include bonds in your portfolio? + +Edit: so just to clarify, I’m not making the trivial point that bonds return less than stocks in the long run, or that they reduce volatility to your tolerance level - I’m just asking for the “pros” to owning them. The argument for being able to rebalance was the most compelling one for me (especially because I don’t have an income to dollar cost average), but I’m noting even that benefit isn’t super strong. + +I might look into the retiree case. I imagine another variable is ratio of expenses to portfolio. It would be interesting to see survival rates of different allocations on a 2 way axis against different expense/portfolio ratios and duration of living off portfolio. Maybe I’ll sim it out later. + +As a side note, despite this post, I do have a fixed income allocation. Granted, it’s levered such that the yield on cash is about 5% (it used to be as high as 12% on investment grade corporates). +I’m always trying to learn, and I’m simply hoping that some of you more experienced traders can help with some ideas and insights on what my options are and what might be the best way to manage these trades I’m trapped in. + +Many of you will say that I shouldn’t have sold naked puts on margin. I get it. As they say, "it works until it doesn’t.” I've learned a valuable and expensive lesson. + +To summarize, I sold some puts on margin, got caught when the market started tanking, rolled out the expiration dates a few times trying to avoid assignment and hoping for a turnaround in the markets… and now I’m stuck with some seriously ITM puts and I’m getting margin maintenance calls each time the stocks fall further south. + +Here are the options positions I’m in: + +* AAPL: Dec 16, $165 Put (X4) +* BITO: June 30, $35 put (X1) +* TNA: Oct 21, $69 Put (X1) + +This portfolio also includes: + +* AAPL: 330 shares +* SPY: 50 shares +* …and a few others of less significant value. + +What are some of the options I have to manage this and minimize the pain and losses? + +1. I could wait it out, sell calls on the AAPL shares I own, and keep feeding the account with cash and hope things turn around. But that’s unlikely in the timeframe I have on these contracts. Eventually these puts are all most likely going to expire ITM leaving me with a large margin debt balance and I’ll be underwater on all of the shares. I can then try selling calls on the newly acquired shares, using the call premium to pay the margin interest… but that could be a long uphill, losing battle. +2. I could 'buy to close' the puts now, taking on that expense as margin debt. This would result in less margin debt than the first option of taking assignment of the shares. But I also have to consider that buying to close the contracts leaves me with nothing. I won’t have the underlying shares, so I can’t sell calls or generate any cash from that scenario. + +What other ideas/options should I consider? How have you managed trades that have gone against you? + +Let me know if you have any questions that would help you evaluate the situation. + +Thanks in advance for any wisdom and advice you can share. + +\---- + +EDIT to focus on main topic. +Uber announced Tuesday it is acquiring alcohol-delivery service Drizly for $1.1 billion in stock and cash. + +Following the completion of the transaction, Drizly’s marketplace will be integrated with the Uber Eats app. The company will keep the standalone Drizly app as well, it said. + +Founded in 2012, Drizly has become the leading on-demand alcohol delivery service in the U.S. and is available in 1,400 cities. The purchase could help drive people to use Uber’s app more often. + +Uber Eats has been a key segment to Uber’s business amid the Covid-19 pandemic, which has dramatically reduced the number of people leaving their homes. + +“During this time our delivery business as been growing at extraordinary rates,” Uber CEO Dara Khosrowshahi told CNBC on Tuesday. Drizly said it had more than 300% growth in the past year. + +The deal is expected to close within the first half of 2021. Uber said that it anticipates that more than 90% of the consideration to be paid to Drizly shareholders will consist of shares of Uber common stock, and the balance will be paid in cash. + +Uber stock was up more than 7% in the morning. + +Uber has focused its acquisition efforts on its Eats segment during the coronavirus pandemic. After talks failed to acquire food delivery service GrubHub, Uber acquired Postmates last July. + +At the same time, Uber has offloaded some of its more cost-eating transportation segments. The company last May transferred its electric bike and scooter business, Jump, to Lime. Uber also sold its self-driving unit, Advanced Technologies Group, to its start-up competitor Aurora Innovation on December 7, valuing ATG at approximately $4 billion at the time. Just a day later, it announced it was selling its flying taxi business, called Uber Elevate. + +https://www.cnbc.com/2021/02/02/uber-agrees-to-buy-alcohol-delivery-service-drizly-for-1point1-billion.html +In a post from a few days ago, someone asked about PZA, and the responses were almost entirely about the pizza, not the business with the huge dividend yield, and so I bring it up again. + +It is a 9% dividend yield, stable over 5 years. What gives? In a yield starved world, this is very unusual. +Normally, the yield seekers would buy this down to a much smaller yield, say 4 to 5%. A high yield implies that it is considered unsustainable, but the last 5 years says otherwise. + +I don't understand. +Hi all. I live in a pretty expensive city with my mom and little brother. Our roommate just moved out and I plan to take their room. They payed 700 a month and I have to pick up the slack. + +I earn around 7-8 hundred every two weeks working fast food 6-7 days a week for 30-38 hours. Overtime is not really in the question. + +I want to go back to school and go to college +To be a teacher (80k a year for my city) but I don’t know if I can keep working full-time hours (I’m technically part-time for my company) and go to community college. + +There is no way my mom can pick up the slack herself. any suggestions? +At least that's been my experience. IBKR, T212, eToro, DeGiro are my frames of reference. The know your customer process takes about 2-3 days minimum. + +So the "I found this. I trust you. I'm in." Is almost completely bullshit. Especially the "never invested before, first time, just yolo'd". + +Like... How dumb do they think we are? +I’m in my late 20s and have been stressing the last year or so about financial planning. I made a goal of finishing off my student loan payments and been saving for a rainy day (6 month) fund. Now I reached the goal, but I feel more added pressure to save move, invest more, etc. as if I’m not doing enough. + +Anyone else feel the same way? If so, any advice on how to not stress about this is greatly appreciated. +Hi all, + +My mum passed away on 7th March 2020 due to cancer and Me and my Dad are fairly clueless. Mum did all the household management, I've been slowly going through her accounts and gained access to her Gas & Electric bill with Together Energy. + +The billing period 18th January 2020 - 11 March 2020 is saying that: + +Gas is £216.85, +Electric is £318.29 +Total spend: £518.89 +Balance (Debit): £687.68 + +I assume we owe the whole Balance (debit) as the extra must be carried over from a previous bill? + +I've found an old email with her agreement with them from the end of July 2019, she's on the cheapest tariff with some sort of Brexit lock-in with a monthly direct debit in advance of £197.09. It has listed total payments in this period: 0, shouldn't it be taking money out automatically? + +Will this £680 come out at once or does the advance mean that she pays £197.09 every month with summer months building up credit and potentially going into owing in winter? We'd gone 8 months without providing meter readings by looking at her account so it's probably jumped now on accurate usage? Our boiler was fucked and replaced 7 days after she died and the heating has been unreliable since so I'm worrying about the next bill. + +It's still in her name as I'm working round changing utilities into his name. If we tell them she's passed will they chase for this amount at once? I've never dealt with any of this before, I haven't even told my Dad about the bill yet. Can they even collect the direct debit if her name is removed from the bank account? + +Any help is appreciated, I have no idea how to adult when taking over someone else's accounts/bills. +About 4-5 years ago I sat at a bar here in Bangkok and argued with an English mate about Bitcoin. I’m an engineer and mathematician and had studied it extensively. + +We argued for hours. To prove my point, I said I would buy one Bitcoin and happily lose it when the system collapsed to prove my point. So I bought one BTC for around US$4,000. + +We argued for years. + +I sold it a few months ago for $48,000. Best investment I ever made!!! + +Ha ha. I wish I’d bought more. +🦸‍♂️ Hero Inu $HEROS: Charity and NFT based token | Dev Doxing Soon | Diamond hand heroes, Paper hand villains 🦹‍♂️ + +ETH Token + +Hero Inu: $HEROS + +Just 9 days old, already made multiple charity donations, NFT’s being released soon. Breaking out to an ATH don’t miss out on this wonderful opportunity. + +The coin will serve as a NFT platform with various hero and villain dog characters. The NFT designer has 20 years experience with 2D, 3D, and animation design. A card game is planned to be developed at a later stage as well. + +The best thing is the charity focus! 1% of all buys and sells go to a charity wallet and the charities will be voted on by the community. + +There’s an anti whale and anti flipper mechanism too. + +The team is very active so head over to the TG and learn more. + +Useful Links: + +Telegram: [https://t.me/heroinucoin](https://t.me/heroinucoin) + +Reddit: [https://www.reddit.com/r/Hero\_Inu/](https://www.reddit.com/r/Hero_Inu/) + +Twitter: [https://twitter.com/HeroInuERC20](https://twitter.com/HeroInuERC20) + +Web: [https://www.hero-inu.com](https://www.hero-inu.com) + +Chart: [https://www.dextools.io/app/ether/pair-explorer/0xb8c2abc13cc2103608d594cc68577ae098e1fec7](https://www.dextools.io/app/ether/pair-explorer/0xb8c2abc13cc2103608d594cc68577ae098e1fec7) +🦸‍♂️ Hero Inu $HEROS: Charity and NFT based token | Dev Doxing Soon | Diamond hand heroes, Paper hand villains 🦹‍♂️ + +ETH Token + +Hero Inu: $HEROS + +Just 9 days old, already made multiple charity donations, NFT’s being released soon. Breaking out to an ATH don’t miss out on this wonderful opportunity. + +The coin will serve as a NFT platform with various hero and villain dog characters. The NFT designer has 20 years experience with 2D, 3D, and animation design. A card game is planned to be developed at a later stage as well. + +The best thing is the charity focus! 1% of all buys and sells go to a charity wallet and the charities will be voted on by the community. + +There’s an anti whale and anti flipper mechanism too. + +The team is very active so head over to the TG and learn more. + +Useful Links: + +Telegram: [https://t.me/heroinucoin](https://t.me/heroinucoin) + +Reddit: [https://www.reddit.com/r/Hero\_Inu/](https://www.reddit.com/r/Hero_Inu/) + +Twitter: [https://twitter.com/HeroInuERC20](https://twitter.com/HeroInuERC20) + +Web: [https://www.hero-inu.com](https://www.hero-inu.com) + +Chart: [https://www.dextools.io/app/ether/pair-explorer/0xb8c2abc13cc2103608d594cc68577ae098e1fec7](https://www.dextools.io/app/ether/pair-explorer/0xb8c2abc13cc2103608d594cc68577ae098e1fec7) +https://www.nytimes.com/interactive/2020/05/26/magazine/stock-market-coronavirus-pandemic.html + +“So, if companies are increasingly meeting their financing needs elsewhere, it seems fair to ask what exactly the point of the stock market is these days. The growth of high-frequency trading, in which players dart in and out of the market seeking to profit from the tiniest price discrepancies, certainly lends credence to the idea that the market is now little more than a glorified casino. Some observers, though, contend that it actually serves a more nefarious purpose — that the market, instead of directing capital to its most productive uses, has essentially become a mechanism for draining capital out of the economy in order to funnel ever more of the nation’s wealth upward. This is being done, goes the argument, primarily through stock buybacks — companies repurchasing their own shares.” +I’ve got 3 brokers with personal account managers for each. But one of them phones me a lot. She’s really friendly and she often comments on my trades. “Saw you caught a nice swing on Gold Futures this morning”. + +She is super friendly and we chat about other stuff other than trading and I don’t want to offend….. But every trade I take on this broker I feel like I’m being watched. I second guess the more risky trades. It’s a bit like having someone watching me while I’m fucking. + +This is definitely having an impact on the trades I take with this broker. I don’t know why it brothers me so much. + +Are any HNW account managers on this sub? What exactly do you see on your screens? I’m guessing you’ve got hundreds of personal clients why do I feel so singled out like I’m being constantly watched? +I just wanted to put these thoughts out there because I know lots of people that probably haven't looked at their balances for a while, and might be avoiding for the same reasons I sometimes do. It's always better to know the numbers, even if they aren't what you were hoping for! + +So if you're anything like me, you'll go through periods where you spend lots of money on a few luxuries you didn't budget for. Or maybe instead of a planned weekly food shop, you went out to eat a few times, bought all your work lunches as meal deals from the shop (even when WFH), and had a few beers after work followed by a takeaway. + +In these situations, my natural instinct is to avoid looking at my bank account. I eventually do, but not until a few weeks or even a month or two later. + +During that time, I'm always feeling a bit anxious about spending. It's not that I'm in debt or can't afford things, just that I know it's ***more than I'd like my lifestyle to cost*** and will be eating away at savings. + +When I finally do look, sometimes it's better than I thought but usually it's a couple hundred worse. Maybe my credit card bill is £500 for the month instead of only using it for the planned £150 of commuting. Or maybe I need to take money out of savings to stop going overdrawn at the end of the month. + +What I've realised is that after 2-3 minutes of looking at the numbers, even if they are truly terrible, I already feel back in control. My mind switches into 'don't spend money' mode and I work to get it back on track again. The simple act of looking probably saves me hundreds of pounds over the following few months! + +So please make it a habit to just look at your accounts once in a while, so you can reign those bad moments in. +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. +My car was only $8k but I’ve been working so hard to pay off debt. I estimate what it takes to pay bills and then I allow a $200 or $300 cushion. All the extra money goes toward whatever bill I’m trying to pay off. I wanted to pay my car off since it is the largest minimum payment per month. + +I have a history of bankruptcy and financial abuse and poverty and finally over came that. I can’t believe I paid off a debt. + +I��m currently pregnant and trying to become as debt free as I can before I take maternity leave. + +I know it’s not always possible to make enough to pay off debt. Right now I’m able to. But can’t afford furniture. Being poor sucks and debt makes you a slave. +I get they have a shady reputation, but so do some other projects. They have the third largest MC. They have pretty strong worldwide utility. Tons of projects are based off BNB. Basically evil ETH, no? + +Yet I dont think I have ever seen someone mention it as one of their holdings on here or the other Crypto subs. + +I am, obviously, not super-informed yet. Hoping someone can edjumacate me. + +Cheers. +I have seen this mentioned so much in this sub and in other groups that sell options. If you have the shares, sell near the money covered calls until they're taken, I don't understand the issue. I don't understand why people give up so much money rolling things either. +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? +We are about to sign and go under contract for an out of state (CA), new construction house ($800k) and when talking with the realtor, she seemed put off when I asked about an inspection. We’ve always gotten an inspection before we purchase. She deflected saying new builds have great warranties so an inspection doesn’t matter, which seems absurd to me. There have been some other minor issues with her (not responding to emails, minimizing concerns), but this makes me want to walk away and find a new realtor. Anyone have thoughts or experiences with this. Are we overreacting? + +Edit: looks like this post was locked before I had a chance to reply to people. Thanks so much for all the feedback. The consensus seems to be that she is not a trustworthy realtor. Believe me, there was zero chance that I was not going to get an inspection. This was more about feeling okay with firing her over this vs continuing to work with her. I’ve never bought a home in California so wasn’t sure if that was the norm or just her not acting in our best interests. Thanks again everyone! +Curious to hear what the fatFIRE hive mind has planned for end of life care (assisted living and beyond) especially those with no kids able to provide care at that stage. I’m still early 40s but have serious medical issues that could put me in this position within the next 20 years. + +Are there “fat” style long term care policies that provide top of the line care at stellar facilities? Or at that level is it best just to pay direct out of pocket to ensure quality and just make sure you have the necessary $$$ when the time comes? Ending up in some shithole with limited abilities and no kin to speak up on my behalf is the nightmare scenario. + +Thanks! +Hey guys, + +I’m 23 and currently using WS Trade to invest in CAD stocks due to the no-fee commission, but I’m not sure if I’ll see the same amount of growth long-term compared to if I invested in USD stocks as well? + +Some of my holdings include VGRO, AC, CNR, RIOCAN, etc. Is it ok to just stick to CAD stocks forever until retirement? +I've been with my partner for many years but we keep our finances separate. I'm expecting to reach FIRE in the next 1-2 years but she is much further off. We're both in our late 30s. I'm wondering how that works when one person retires and the other has to keep working. Do they start to resent the retired partner? + +For those REs, have you retired before your partner or at the same time? How did it go? +Hi everyone, I first started investing last year in trading 212 I have a decent amount of S&P 500 shares however a few months ago I decided to switch to Vanguard for this. My question is should I sell my shares on trading 212 and rebuy them on vanguard? If I sell now I will be in profit on them. Or should I just leave them where they are? +I’m a fairly novice track guy. Been driving my Porsche 4S and recently test drove a 991.1 GT3 RS. Fell in love and considering buying one but wouldn’t mind trying to get a 992 GT3 RS. How can I get good enough to adequately use a car that has DRS and a bunch of other advanced features other than the generic “get more track time in”? Has anyone gone through some kind of boot camp or private instruction that boosted your performance on the track? + + +Hey coiner, I’m Chris. + +To solve FOMO problem, my app **calculated** **social trend data** like: No. of new Twitter followers of a coin within 24h’, ‘% of new Twitter followers per day compared to the last 30 days average’, etc. + +For example, **a week ago, ETH surge a lot**, but in the first day and even a full week before, **there were no increase to the number of new Reddit subscribers a day, the number of new posts and online users even decreased** compared to the month before. + +**Twitter showed the same signs too,** with lower new followers and mentions, so I figured that **its just a short pump by whales to control the market** and buying strength would fall to support real soon. + +Therefore, I sold all my E on 5th Jan when i saw a pinbar, because i think people were starting to get hyped since ETH have x2 from 90$. That choice totally saved my ass, now at least i can buy more ETH after crashed. + +That aside, I also included small features like notification when there’s a **price surge in cryptocurrency within 60 minutes** (or a pump and dump as you call it), or when a coin is listed or delisted. + +This is link for android: [https://play.google.com/store/apps/details?id=com.cointrendtracker](https://play.google.com/store/apps/details?id=com.cointrendtracker) + +And for dude who use iphone: [https://itunes.apple.com/app/apple-store/id1443987253?mt=8](https://itunes.apple.com/app/apple-store/id1443987253?mt=8) + +Important thing to note: + +**- If you don't want to login, just choose " Stay incognito" option at bottom** + +\- This crappy indie app **won’t require any permission from your phone,** so you don’t have to worry about the safety of your private keys. + +I build it by myself with the help of some friends (i’m Major in Computer Programming). I know it just an unknown app, and you may find it so silly but i’d love to hear what you guys honestly think. I love coding useful tools for crypto trader so if you have any idea, but you aren’t able to make it, you can tell me about it via my email and I’ll try to make it a reality if I am able to. + +My email is: [nghia.dt143158@sis.hust.edu.vn](mailto:nghia.dt143158@sis.hust.edu.vn) + +Thanks for reading until here. Bless y’all +The cat is finally out of the bag (literally)[.](https://i.imgur.com/KgV7WZ8.jpg) The chads over at $Bingus and $Dogira are collaborating to raise money for animal charities by auctioning off some very limited edition NFTs. Considering the humongous reach all of their influencers have, expect to see this plastered absolutely everywhere in the cryptosphere - and maybe even the news! + +See here: [https://twitter.com/BingusToken/status/1398354072579739651](https://twitter.com/BingusToken/status/1398354072579739651) + +Dogira collaborated with Vira-lata on a similar project recently and raised a staggering $50,000 to animal charities in Brazil. The combination of Dogira’s background in NFT marketing and Bingus’ influencers reach, I expect this to reach places never thought possible. Bingus has already raised $50,000 for charity by themselves, which is an amazing achievement. With this, I’d expect them to *at least* double that figure. Bullish. + +I don’t know about you, but knowing that cryptocurrencies like Bingus and Dogira are doing wonderful things for charities globally really warms up my cold, dead heart. + +If I'm honest as well, the market isn’t great at the moment (especially for BSC coins). That said, all of the above makes me **incredibly** bullish. These couple weeks have been a massacre for low-cap projects, yet Bingus and Dogira still have their heads down and are constantly delivering. I’m so excited to see what they do next. + +On another note: Bingus has also just collaborated with Bingus Official (as in, the real Bingus Official on Instagram) and has launched a new line of merchandise for all to enjoy. Seriously it looks great, you can find it over at [https://bingusofficial.com/](https://bingusofficial.com/). Some of the profits get sent straight into the charity wallet as well, so it’s even better. + +Anyway I'm gunna pick up some more whilst it’s still discounted. DYOR, obviously, but check out their site, see the donations they’ve already made and come to your own conclusion. This is high conviction for me. + +# Tokenomics + +**3% slippage needed** + +**1% goes to charity | 1% is burned | 1% is auto-sent to all $Bingus holders** + +Holders: 17,841 + +Market Cap: $3.1m + +^(at time of posting) + +# Links + +**$Bingus website** [bingus.io](https://bingus.io/) + +Telegram: @/bingus\_token + +[**Discord**](https://discord.com/invite/qKdZdd558F) + +[**Twitter**](https://twitter.com/bingustoken/) +**typo fix:** I want to publicly apologize ~~against~~ to Barry Silbert + +---------------- + +Hello, this is Nooku. + +I have done something terrible. I have insulted Barry Silbert yesterday through our EthTrader community. + +And I got a reprimand from the moderation team. Rightfully so. + +The /r/EthTrader moderators have rightfully warned me about my behaviour and I hereby want to publicly apologize to both the Moderation team as Barry Silbert. + +Barry, I realize that wat you have done for our Ethereum community by supporting the Ethereum Classic fork should be a reason for respect, and **not** for insult. + +To Bitcoin moderator /u/thieflar , the person I had the debate with, I also must apologize. You were pointing out to us that we supposedly have rolled back the chain in 2016. + +Although I still strongly disagree, I deeply apologize for not going in debate with you but resort to calling you a really big and close friend of Barry Silbert (with again, a not-so-nice synonym). That's not how I should have been argumenting against you. I see that now. + +Barry, + +I have wrongfully insulted you by calling you (synonym for "useful idiot"). This was a mistake. I deeply regret this now and I hope you can find a way to forgive me. + +To the /r/ethtrader community, I also want to apologize. I failed you. As a long-term user and administrator of another Ethereum subreddit here ( /r/ethdev ) I should have known better and be more civil. + +Please accept my apologies and I hope to become a better person now through all of this. + +I also want to reach out to Barry Silbert and the entire EthereumClassic community to have a more civil and constructive discussion about the future of Ethereum and recognize your love for the tech. + +My deepest and humblest apologies, + +Nooku +Just curious. ‏‏‎ I own 225 shares of WKHS @ 17.86, but so far I've reduced the cost basis to $14.60 through covered calls. It would be sweet to reduce the cost basis to $0 and I'm just wondering if anyone on this sub has achieved that. +I went to college and graduated but went to prison soon after about 18 months ago. I just got out on parole and am looking at the aftermath of my finances. I'm getting so many letters and calls from so many different companies I don't where to even begin... + +I know I had 3 credit cards, two from wells fargo and one from capital one. Apparently capital one sold off my debt a while back but wells fargo still has mine? Student loans are all over the place. I know I took out some personal loans through discover but I'm lost as who are all the companies (or just one company) that holds all my regular student debt from the university. I know at some point my loans started coming through another federal company cause of some changes in law but I'm completely lost. I just got a big ol pink letter saying my student loans are about to default. + +While I was in prison, some student loan company found me and sent me a letter and I was able to defer it for a year but that time has passed a few months ago. Right now I'm jobless and am crashing at a friend's house but I'm aware of how serious a student loan default is. + +This is all beyond what I'm mentally capable of handling right now. I just went through a stock pile of letters that were saved in the past year and am too overwhelmed to even know what to do first. What can I even do? Even if I had some crappy job (I'm engineering by education...) my first concern is a roof over my head and food. I don't even know what to tell these people when I figure out the mess of who the hell a actually owe and what. Please help me... I stayed out of trouble in prison and continued studying and try to study programming to maybe get a web dev job on the side. I want to do the right thing and get out of this endless black hole. + +---- + +EDIT: I spent the last hour reading through every comment here and I think getting a free credit report to see who I owe since I haven't really had an address or phone would be a good first step. I should have said my debt is mainly student loans (80k public, 20k private...best guess...) and my credit card debt is about $6-7k so I'm really iffy about declaring bankruptcy but I will at least talk to a lawyer and learn more about the best route to take. + +Lastly, I got a lot of positive PMs and comments and even that small boost from a message from an internet stranger gives me hope when I let something like this bring me down. I hope one day I can post an update saying I got a great job, beat the statistics, and give hope to other felons who are trying to do the right thing. It was definitely a life changing experience and has changed my views about the prison system in general. Thank you very much. +Hi all, + +This at the moment is a theory i'm plugging into my current working prediction model that successfully predicts the dates that GME moves significantly more than normal. + +The next 2 weeks are a test for this theory. Please continue reading before you dismiss this. + +I was looking for anomalous option data that i could analyze and try to fit in my current "T+ mover days predictions" model and i found a lot more than i thought i would hence why i'm writing this. + +**TLDR:** Basically what i'm saying is, maybe i've found how the entire GME cycle works exactly but i'll need to wait 2 weeks to compare what truly happens vs what my theory predicts. If the results match, then yes i've figured it out. + +At Mods, if you don't think the flair is appropriate, feel free to change it, otherwise i'm leaving this as DD because it is DD. If you look below, i'm sure you'll agree that the effort and research put into this and my previous work that relates to it is considered Due Diligence. This work is as theoretical as the MOASS itself, so let's not kid ourselves with what is DD and what isn't. + +Moving on. + +# 0. Test Success Conditions + +**Test Period & Conditions to be met** + +* Significant movement this week +* Significant movement next week + +I know these sound vague as fuck, but trust me they're not if you continue reading this DD. + +&#x200B; + +# 1. Intro + +I've been gathering GME's option data for the past 2 months now and analyzing it in whatever ways i can think of. Last night whilst in bed i thought it would be a good idea to check what the deal is with 0 day to expiry options. + +These are options that are typically purchased on a Friday (hence why they are called 0 DTE / Days to expiry). Because 0 DTEs are typically super cheap due to their expiry, i thought i'd look into them for "fuckery" and generally just anomalies because i suspected that if a SHF/MM wanted to do something cheap, they'd use these. + +Out of 2 months worth of data there was only 1 single point in time that looked out of place and this is what triggered this writeup. + +If you've read my random postings so far you'll know i already have what i believe is a working model on predicting on which days GME will move. (Not to be confused with which way GME will move). + +I've integrated my new 0DTE findings into my existing prediction model as they fit almost perfectly and by doing so, my prediction model suddenly looks/feels a lot more accurate as if i just added a big missing piece of the puzzle to it. It's by no means complete, but a i think it's a lot closer to completion. + +&#x200B; + +# 2. 0 DTE / 0 Days to Expiry Anal-ysis + +&#x200B; + +**May 5 - June 25** + +[List of all 0DTE option trades since May 5.](https://preview.redd.it/i46qnakb1z771.png?width=1656&format=png&auto=webp&s=53a9522e9c2784e00c704c8264bfd82137ca5cae) + +Whilst looking at this chart containing all option 0DTE data from May 5 - June 25, i noticed what you've already probably noticed, a spike in the premium paid for $300 strike puts. + +**Someone, on a Friday, bought $300 strike Puts (In the Money / ITM) for \~$29 million dollers.** + +&#x200B; + +&#x200B; + +According to this chart, the date this was done was **May 21** + +https://preview.redd.it/3cpzp46m3z771.png?width=1656&format=png&auto=webp&s=59f3e94754af0f49d8b799635948cbbaa0334d8f + +&#x200B; + +Here is what all 0 DTE May 21 option trades look like & the specific trade isolated. You can see it was done \~25 minutes into the trading session. + +https://preview.redd.it/1p4epznh3z771.png?width=1657&format=png&auto=webp&s=15357875b6d1ce8218d440bf3e9a9a18c4d21a40 + +&#x200B; + +**Why would someone make this trade? For a quick buck? I believe not.** + +I'm going to assume this isn't a yolo. I'm going to assume someone wanted/needed GME shares no matter what. Try and assume this person's mindset. + +* It's Friday, +* He's just bought IN THE MONEY $300 strike puts +* He spent $29 MILLION on them. +* He bought them 25 minutes into Friday's trading session +* These expire at the END OF THE DAY. + +Why would you do this trade? I can only think of one reason. To exercise these contracts and take the underlying shares for "Reasons". Incidentally, the amount of shares in this exercise is **200620** shares. + +Now let's move on and take a look at what effect this exercise of these 200k worth of GME shares might possible have on GME's Price. + +&#x200B; + +&#x200B; + +# .3 0DTE $300 Put Exercise Effect + +Here's the chart starting from May 21 and using T+21 and T+35 as well as the T+2 settlement period to try and chart the effect of this trade. + +https://preview.redd.it/a8uq7gic3z771.png?width=2444&format=png&auto=webp&s=b2e353cdea9e10288f992403e5b17f3d4841ca9a + +Welp, that was disappointing. You don't really see much (except them doing what they usually do at T+31 - T+34). [u/dentisttft](https://www.reddit.com/u/dentisttft) [u/criand](https://www.reddit.com/u/criand) u/keijikage You guys should already know about this. + +That didn't prove very fruitful. Nothing to see here. **So now what?** + +&#x200B; + +Well, what other cases do we know of 0DTE option exercises? + +Well, that's right. **DEEP FUCKING VALUE** + +***^((Not exactly the same scenario, but close enough to be worth a look into and that's what i did)******)*** + +&#x200B; + +&#x200B; + +# .4 DFV's 0DTE Exercise + +DFV exercised on the 16'th of April as far as i'm aware. + +Here's what his T+21 - T+35 cycle would look like if we included the T+2 settlement period in there. + +https://preview.redd.it/dcs03dlq5z771.png?width=2450&format=png&auto=webp&s=afac85449f882bdc8144929cf641b36b0457c4e5 + +Looks nice and normal right? Yeah ok, let me show you what happened after in the next screenshot. + +&#x200B; + +&#x200B; + +**Mind Blown** + +Look at the T+21-T+35 version that uses the T+2 settlement as a start. + +https://preview.redd.it/z78dx6i56z771.png?width=1964&format=png&auto=webp&s=c81909fb8aedda3886b8902d0ad23e76da580bec + +This blew my mind. I tried checking the only other known case of exercising a large amount of 0DTE options (even though again it's not EXACTLY the same case) and i found this nice coincidence. + +Real coincidence? I don't know, but this is the kind of shit that jacks my tits. + +&#x200B; + +&#x200B; + +# .5 How to test the validity of this theory? + +Many ways. + +1. Spend several millions on 0DTE options and exercise them, see what happens at around T+35. +2. Wait and see what happens for the 0DTE $300 put $29 mil 200 620 shares exercise from May 21? + +And all we need to do is wait and see what happens this week, right? **WRONG** + +&#x200B; + +&#x200B; + +# .6 GME 5 Mil Share Offering + +As the May 21 runup started, GME decided to do a 5 Million At The Market (price) ($262 ish) offering. This offering sale duration lasted around \~2 weeks. + +During those 2 weeks, we saw 3 LARGE downward and upward spikes. I'm going to again assume these are the effect of the offering. + +Pre-read DD if you want to learn the method or see the proof etc: + +* [Part 1: Intra-Week Max Pain & the next FTD cycle bleedout days](https://www.reddit.com/r/Superstonk/comments/nxbonw/part_1_intraweek_max_pain_the_next_ftd_cycle/) +* [Part 2: Intra-Week Max Pain & 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: Intra-Week Max Pain & the next FTD cycle bleedout days](https://www.reddit.com/r/Superstonk/comments/nznccu/part_3_intraweek_max_pain_the_next_ftd_cycle/) +* [T+21 and T+35 - Actual working theory that predicts days where GME will move more than normal.](https://www.reddit.com/r/Superstonk/comments/o6brgy/t21_and_t35_actual_working_theory_that_predicts/) + +&#x200B; + +So, stitching my own already working theory for successfully predicting GME mover days in this, this is the result i get. + +**Basic** + +https://preview.redd.it/fuxhqjjh8z771.png?width=2434&format=png&auto=webp&s=453305da26f621cc8cbe67509dc3cc705bfe5480 + +&#x200B; + +**Granular** + +https://preview.redd.it/lcbe5s8h8z771.png?width=2444&format=png&auto=webp&s=1328656d5ace514b51bcf1bb9d4715bbb3bf9b15 + +What i understand from the above based on my method of predicting mover days is that: + +* There's a lot of random T+21's and T+35's ending/coinciding exactly in THIS week. +* The May 21 Cycle $29 mil puts exercise T+35 cycle end is this week. +* Next week is the week where a lot of T+21's coincide and where the T+35 for the GME offering's START ends. + +&#x200B; + +So what does all this crap that i'm spouting even mean? I'll go in more depth in the next section. + +&#x200B; + +&#x200B; + +# 7. In Depth GME Offering Start & T+35 + +So, NEXT week will mark around 31-35 days from when the GME 5 mil share offering started. In my mind this means that we're going to see the **INITIAL** effects of the offering then. + +In the subsequent week AFTER the next one we should see the more juicy effects of the GME 5 mil offering as that's where the GME offering ramped up and GME was able to sell most of their shares from the offering. + +How can i tell? I am assuming so from the chart movement when we dipped from $340 to $190. This is similar to what happened in the last offering of GME so i believe it's a safe assumption. + +&#x200B; + +https://preview.redd.it/30ybr8a2cz771.png?width=2441&format=png&auto=webp&s=33ced552888f1bdb94a7e446d7c0ca0a765c7ccf + +If you map all the T+21 and T+35 clusters that coincide in this week and the next week (as well as the Friday ones cause fuck T+0 settlement right?), they look like this. + +Of all the cycles above, the absolute latest T+35 cycle they must settle their trades for this week is June 29. If for whatever reason they don't settle their trades (they sometimes do this intentionally), the trade gets locked in and gets auto settled the next day for them by FINRA. + +I am personally assuming **June 29 or June 30'th** as big mover dates as a result from combining this new data & my already existing method of predicting GME mover dates. + +I cannot talk about price direction because (in my opinion) this is purely up to the discretion of the MM/SHF or other person that is in control of this cycle. All i can tell is the approximate date that a big move will occur. + +&#x200B; + +Please mind you that i've already called 8 previous dates in a row correctly and have been posting about my predictions for a while in my previous DD. + +**Previous Successful Predictions** + +* [https://www.tradingview.com/chart/GME/px4fxw6s-GME-T-35-Cycle-Update/](https://www.tradingview.com/chart/GME/px4fxw6s-GME-T-35-Cycle-Update/) +* [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/) + +These were posted a long long time ago and predicted all future dates. The second one is still in progress but please keep in mind it doesn't fully have the latest data i just found today plugged in, but should still be mostly accurate. + +So yeah, here's the latest clean posting for this map. It doesn't have the smaller intra-cycle cycles mapped, but it's enough to get the general idea. + +[https://www.tradingview.com/chart/GME/px4fxw6s-GME-T-35-Cycle-Update/](https://www.tradingview.com/chart/GME/px4fxw6s-GME-T-35-Cycle-Update/) + +&#x200B; + +[Get munched already. If you or someone you paperhand because of a date, you deserve your fate. \\"oH nO NoThInG hApPeNeD oN a DaTe, BeTtEr SeLl EvEryThInG\\", don't give me this shit. This is the dumbest most irrational fear i've seen people have...](https://preview.redd.it/bvd1buqyez771.jpg?width=500&format=pjpg&auto=webp&s=e02f4691beb7268e5b870c221bb56dead4983b4b) + +EDIT: As always, buy hodl etc. Let's see what happens over the next 2 weeks and whether i'm right or just a clown. + +u/buttfarm69 ur mum's a nice lady. +My father passed away about a week ago from Covid. He was 65. My mother is unsure if he filed for Social Security. I have a question : If he didn't file (or hadn't finalized all his paperwork) is my mother still eligible to collect his benefits? Thanks in advance, we've never had to do this before... + +Edit: thank you all so much, really helped put our minds at ease! + +Edit2: my apologies if it sounded like I was trying to get free services. Just wanted to know if a kind pro would point me in the right direction. Thanks again! +Hi everyone, + +I am 29 years old and I live (with my parents) in Toronto. I have just over $190k in savings currently and I have it sitting in: + +\- \~85k in an RBC “high interest” savings account + +\- 10k in a GIC earning almost nothing + +\- \~30k in an RRSP + +\- \~67k in TFSA + +So, basically, it’s just sitting there and gathering dust. I’ve been pretty good at saving, but I find investing extremely overwhelming and I just don’t get it. I realize how stupid this sounds and I feel so dumb. I’ve been reading and watching YouTube videos but with all the options and terminology, it’s really hard to wrap my head around how to be smart about investing my money. I just opened an account with Motive so I can at least earn some interest on money that’s just going to sit there. + +A bit more about my situation: + +I make around 62k at my full-time job, where I also contribute to a defined pension plan (so the RRSP isn’t my main source of retirement income for now). I also do freelance work and that adds up to about $10k a year. I put 100% of that income into my RRSP. I am currently looking to buy a condo, but my budget is low (under 500k) and the market sucks, so I don’t know where that’s going to go. Obviously, I want to move out as soon as possible, but living with my parents is letting me save about $30k a year (not counting RRSP savings). + +I guess my question is…what should I do with my money? What would you do in my situation? I am very risk-averse because this is all I have, and it took me over a decade to save it up so I’m very emotionally invested. My income is pretty low and I don’t have a lot of opportunities to raise it at the moment. Sorry if this was very rant-y, but I would really appreciate any help or advice because this isn’t my area of expertise at all and I have no idea what I’m doing. + +Thanks so much! +And these people are meant to give financial advice to others?! +Link to BBC article here: [BBC: ‘I gambled our house away without telling my partner’](https://www.bbc.co.uk/news/stories-55864799) +Hello, I recently moved to Germany. I am an EU citizen of another country. + +* 4000 EUR income after taxes +* 900 EUR rent (Warmiete/Utilities included) +* 200-250 EUR spending for food/drinks a month and maybe some additional for going out +* 37 EUR Internet bill + +I am aware that just letting my money stay in my account i.e austerity is not doing anything even more so with inflation I am losing money. My goals are the following: + +* Increase my wealth either short or long term. Mainly making sure that I am not losing money just because my money is laying around. +* Have an emergency fund. +* Eventually, be able to save for a home mortgage down payment or exotic trips. + +I have read quite a bit about investing and how finances and economics work, however, I still feel kind of lost as to how I can make it work. I only know that I am interested in ETFs and StocksSo I need advice on the following: + +* What are good EU-based brokers with good ETF and Stock options? +* What amount of my income should I spend on investing? Considering I am also having emergency savings. +* What taxes I am obliged to pay in Germany? Where can I check that? +* What resources would you recommend reading to get more familiar with how to plan my investing strategy/plan? + +Thank you in advance! + +&#x200B; + +Edit: + +Thank you very much, everyone, for the good advices, now I feel a bit more confident or at least where to look for that information. + +**As it gained interest how I earn that much at 22 years old here is a summary:** + +I started with programming and learning about computers when I was in 5th grade, I was really fascinated and it just stuck with me through my HS years and I enjoyed doing it in my free time. + + I actually earn less than I should, however, in order to get more I have to move to another company and I want to get a very specific certificate before I do so which I am currently saving for. Also, I need more free time for it. +I don't want to come off as cocky or stuck up, I do believe anyone can learn to do most things, however, if you are doing it just for the high salary, especially in my field more likely than not you would not reach the "big money" or you will get burned out and hating your job pretty quickly. +As to "What would you recommend as a starting point?", again with the risk of sounding cocky. If you really need to ask that you already do not qualify for a penetration tester or security researcher. If you do a quick google search you will find a lot of good resources and honestly, there is no resource that covers it all and is the ultimate, most resources are focused on a topic. +So my recommendation is: + + +1. What excites you about tech/programming/software ? +2. Google about its internals how it's built; Run some labs/exercises with it on your own; Thinker a bit. +3. Search for known exploits of the said thing; +4. Replicate the exploitation process and try to understand why does it happen like that +5. Go to point 1. and repeat + +For testing and honing your skills, I can recommend [https://tryhackme.com/](https://tryhackme.com/) and [https://www.hackthebox.com/](https://www.hackthebox.com/). + + +&#x200B; + +&#x200B; +I was trying to select 1-3 ETF's that cover the Australian market. There are lots showing up here: + +https://www.marketindex.com.au/asx-etfs + +I can find all of them in IB. + +But I find almost none here: + +https://www.justetf.com/en/find-etf.html?assetClass=class-equity&groupField=none&country=AU&sortField=ter&sortOrder=asc&distributionPolicy=distributionPolicy-accumulating + +Why? And for countries like New Zealand, justETF has nothing. +With the very public losses from Melvin, even being a promoted post on WSJ, as well as Citadel and now Point 72 reclaiming their bail out money when Melvin is already bleeding heavily this just seems too convenient. + +With continued losses by Citadel and undoubtedly Point 72 they've likely clawed back their funds in their own self interest. Given the state of Melvin this seems likely to be a case of Melvin bleeding out and being thrown under the bus. I think that is very much what is happening here. + +But, instead of simply allowing Melvin to thunder into the ground in a puff of fire and smoke I believe larger players have taken on some of all of their burdens in their short positions. They will likely allow Melvin to die a very public death with the next run up, likely using that as the excuse for it. + +"The price increase was due to Melvin closing positions" you know, the ones closed last year...Anyway, we see a run up, Melvin dies, maybe even some other smaller obscure funds. Then MSM pumps once again that this is all over (again) and to forget about GameStop... + +Until we see key players bankrupted and in the case of some major players some being in cuffs along with phone digit numbers this isn't over. If we see very public displays of first level bosses know we have much further to go and not until we cap end game bosses is this truly coming to its conclusion. +(brace yourselves, serious first world problems incoming) + +Long story short, I won the career lottery and am making somewhere around $500k / year at the ripe old age of 26 (tech in Silicon Valley before anyone asks). I've been doing this for a few years, so I have around $2M saved up by now. + +I'm starting to get kinda burned out by all the work though, and am considering taking a bunch of time off after another year or so, somewhere in the range of 1 year - forever. + +I have no idea what I'm gonna do after that. If I wanted to, I could pretty safely return to tech and make like $350k/year until a proper retirement age. Or I might decide that's all a waste of time and just go pursue my passions full time (... none of which are going to make any money anytime soon). + +The (highly first world) problem is, I have no idea how I should be budgeting my lifestyle in the meantime. If I do end up going back to work in tech, I can easily afford things like a baller apartment in manhattan, crazy vacations, etc. starting immediately. If I end up screwing it and FIREing super early, there's no way that would be sustainable with "only" $2M and I should continue a more regular (though still comfortable) lifestyle. + +Seeing as these numbers are well out of the normal boundaries of /r/financialindependence, does anyone have any words of wisdom as to what extent you would continue saving and living at a 3-4% or whatever withdrawal rate now, or forgetting the delayed gratification and just eating your marshmallow now? +We hear this term thrown around everywhere, yet the brigading rules themselves are about coordination on a specific sub to target those in other subs. As far as I understand, brigading requires (a) collaboration and (b) intent. + +Yet, whenever I hear that brigading has occurred, condition (a) is usually never met, and condition (b) is oftentimes assumed (and sometimes misattributed) and used as the ONLY justification. + +I think it's important to have a record of the facts involving these allegations for posterity. I understand mods are trying to "keep this sub safe" but there's no reason for mods to hold on to this information. And of course, identifying factors can be omitted to protect parties. + +But if this is being used as a catch-all rule, then it's inherently arbitrary and can easily be used by any mod, admin, or individual acting in bad faith to....well....brigade against this sub. + +I've sometimes been accused of brigading just for going on subs that I'm a part of (and was a part of before Superstonk) and leaving relevant comments that have to do with GME. I've also been accused of brigading simply because I participate in this sub and bad faith actors consider this my "home sub". That doesn't even make sense, not to mention this happens even in the absence of ANY facts relating to (a) and (b). I'm sure others have the same experience. + +Therefore, it would be helpful to understand what the facts involved are, because "being strict with brigading rules" tells us absolutely nothing about wtf "serious" brigading allegations actually are, and how we can avoid them moving forward. + +Also, "don't talk about GameStop on other subs" isn't a fix because it's not content-neutral. I'm personally unjoining this sub if everywhere I go as an individual I get pushed back into this sub, as if I owe any allegiance to any one subreddit and that determines where I can post, comment, and interact with other people that have the same interests as me. + +Stay safe out there y'all, and I look forward to getting that list of facts to prevent any brigading from happening in the future. + + + +Tl;dr: facts regarding past admin allegations of brigading on this sub would be helpful to help us prevent any brigading in the future. It would also be nice to have an official record of these facts instead of being told "don't brigade" without any mention of how that is being interpreted by Reddit admins. +Just like the title says. THIS is one thing I haven't the slightest clue about when it comes to stock. How in TF do you buy almost 10 percent of a company 21 days ago but NOW today it goes up the way it does. Dark pool? Elon Musk magic? Stock share gnomes that only come out when the headlines hit? Does anybody have real deal info on this? + +Edit... Yea I might've spelled 'buy' wrong in the title. It's late and I'm tired. Sue me. +Hi all, + +I'm wondering if anyone here has any experiencing applying Reinforcement Learning to the finance space. What was your experience like? + +Do you know of any fully or semi-automated RL packages? (Like AutoML, but for RL?). I've been interested in exploring the space, but I've tried taking courses on it and this seems like a pretty deep branch of ML - not something I can dive into quickly. As a result, I'm trying to figure out what the "leanest" approach is, so I can figure out if it's worth pursuing further or not. + +Any experiences, advice, packages or resources would be hugely appreciated! +I recently learned about the bet that Warren Buffet won. + +[https://www.investopedia.com/articles/investing/030916/buffetts-bet-hedge-funds-year-eight-brka-brkb.asp](https://www.investopedia.com/articles/investing/030916/buffetts-bet-hedge-funds-year-eight-brka-brkb.asp) + +The bet was the S&P 500 index would out perform a hedge fund over a 10 year period. At the end of the 10 years, the S&P 500 did in fact out perform the hedge fund. + +I wanted to find out if the hedge fund would have performed better if the fund had absolutely 0 fees. + +I found this article stating that if the fees were 0, the S&P 500 would STILL have performed better: [https://assetbuilder.com/knowledge-center/articles/the-embarrassing-side-of-buffetts-million-dollar-bet](https://assetbuilder.com/knowledge-center/articles/the-embarrassing-side-of-buffetts-million-dollar-bet) + +Since the contents of the hedge fund is being actively traded over time, I would think a hedge fund without fees would be much better. + +My question to the community: + +Was that hedge fund just a bad hedge fund? + +How well do large hedge fund firms like Renaissance Technologies do against the S&P 500 if they didn't have any fees? +&#x200B; + +[E\*Trade Income Forecaster is such a great tool!](https://preview.redd.it/cx6os4ewdxk71.png?width=1183&format=png&auto=webp&s=f9e577fd59b76d4c036aeabaf7be265fda19cd51) +BTC crashed -55% in May 2021 still made All time high with in only 6 months. + +BTC had a pullback of -25% in September 2021 still made all time high in a month. + +Yesterday BTC had a pullback of -23% and we are going to make another all time high. ^(high on hopium) + +All these pullbacks are always healthy for a long run the whales will shake you out and then take the rally up without you. + +Even we had a bigger pullback yesterday we still would have maintained a bull market like in May 2021. Extreme fear brings opportunities. Buy if you got the funds just like Michael Saylor and El Salvador did. + +Don’t believe those Journalists who call it a bear market on a 20% drop. When there’s a bear market you will see it, ALTs don’t make ATH during a bear market they actually drop 70-80%. + +Edit: **I meant to say BTC had a -23% pullback until yesterday** +1. [https://www.cpb.nl/sites/default/files/omnidownload/MEV2020%20H1.pdf](https://www.cpb.nl/sites/default/files/omnidownload/MEV2020%20H1.pdf) +2. [https://www.credit-suisse.com/media/assets/microsite/docs/investment-outlook/investment-outlook-2020/investment-outlook-2020-en.pdf](https://www.credit-suisse.com/media/assets/microsite/docs/investment-outlook/investment-outlook-2020/investment-outlook-2020-en.pdf) +3. [https://www.fundresearch.de/fundresearch-wAssets/partnercenter/robeco/docs/robecooutlook2020.pdf](https://www.fundresearch.de/fundresearch-wAssets/partnercenter/robeco/docs/robecooutlook2020.pdf) +4. [https://www.bluebay.com/globalassets/documents/bluebay\_global-investment\_outlook-2020.pdf](https://www.bluebay.com/globalassets/documents/bluebay_global-investment_outlook-2020.pdf) +5. [https://pressroom.vanguard.com/nonindexed/Vanguard\_Global\_Economic\_Market\_Outlook\_2020.pdf](https://pressroom.vanguard.com/nonindexed/Vanguard_Global_Economic_Market_Outlook_2020.pdf) +6. [https://www.invesco.com/us-rest/contentdetail?contentId=63ed9e0893b97610VgnVCM1000006e36b50aRCRD](https://www.invesco.com/us-rest/contentdetail?contentId=63ed9e0893b97610VgnVCM1000006e36b50aRCRD) +7. [https://www.ubs.com/content/dam/assets/wma/us/shared/documents/year-ahead-2020.pdf](https://www.ubs.com/content/dam/assets/wma/us/shared/documents/year-ahead-2020.pdf) +8. [https://www.bnpparibasfortis.com/docs/default-source/newsroom-documents/2019-11-28-economic-outlook-2020\_finaal.pdf?sfvrsn=6](https://www.bnpparibasfortis.com/docs/default-source/newsroom-documents/2019-11-28-economic-outlook-2020_finaal.pdf?sfvrsn=6) +9. [https://static.vgcontent.info/crp/intl/auw/docs/resources/vemo\_2019\_summary.pdf](https://static.vgcontent.info/crp/intl/auw/docs/resources/vemo_2019_summary.pdf) +10. [https://www.swissre.com/dam/jcr:60421a3b-f246-4718-8374-f4170d52b492/global-economic-and-insurance-outlook-2021.pdf](https://www.swissre.com/dam/jcr:60421a3b-f246-4718-8374-f4170d52b492/global-economic-and-insurance-outlook-2021.pdf) +11. [https://www.ssga.com/library-content/pdfs/insights/gmo-2020-article.pdf](https://www.ssga.com/library-content/pdfs/insights/gmo-2020-article.pdf) +12. [https://media.rbcgam.com/pdf/gam/global-investment-outlook.pdf](https://media.rbcgam.com/pdf/gam/global-investment-outlook.pdf) +13. [https://privatebank.barclays.com/content/dam/privatebank-barclays-com/en-gb/private-bank/documents/news-and-insights/2019/november/outlook-2020/outlook-2020.pdf](https://privatebank.barclays.com/content/dam/privatebank-barclays-com/en-gb/private-bank/documents/news-and-insights/2019/november/outlook-2020/outlook-2020.pdf) +14. [https://am.jpmorgan.com/blob-gim/1383650734219/83456/JPM2019-09%20MI\_2020Outlook\_112719.pdf](https://am.jpmorgan.com/blob-gim/1383650734219/83456/JPM2019-09%20MI_2020Outlook_112719.pdf) +15. [https://am.jpmorgan.com/content/dam/jpm-am-aem/emea/regional/en/insights/market-insights/mi-outlook-december-2020-ce-en.pdf](https://am.jpmorgan.com/content/dam/jpm-am-aem/emea/regional/en/insights/market-insights/mi-outlook-december-2020-ce-en.pdf) +16. [https://www.research.unicredit.eu/DocsKey/economics\_docs\_2019\_175295.ashx?M=D&R=74770732](https://www.research.unicredit.eu/DocsKey/economics_docs_2019_175295.ashx?M=D&R=74770732) +17. [https://www.zurich.com/-/media/project/zurich/dotcom/industry-knowledge/economics-and-financial-markets/docs/economic-and-market-outlook-2020-fasten-seatbelts.pdf?la=en](https://www.zurich.com/-/media/project/zurich/dotcom/industry-knowledge/economics-and-financial-markets/docs/economic-and-market-outlook-2020-fasten-seatbelts.pdf?la=en) +18. [https://www.amundi.com/globaldistributor/ezjscore/call/ezjscamundibuzz::sfForwardFront::paramsList=service=ProxyGedApi&routeId=\_dl\_NzQzYmFkMTNlMmE2NjRlOWQ3ZjNhMWJkZTY5YWVmNWM\_inline](https://www.amundi.com/globaldistributor/ezjscore/call/ezjscamundibuzz::sfForwardFront::paramsList=service=ProxyGedApi&routeId=_dl_NzQzYmFkMTNlMmE2NjRlOWQ3ZjNhMWJkZTY5YWVmNWM_inline) +19. [https://www.assetmanagement.hsbc.com.sg/-/media/files/attachments/common/investment-outlook-2020-b2b.pdf](https://www.assetmanagement.hsbc.com.sg/-/media/files/attachments/common/investment-outlook-2020-b2b.pdf) +20. [https://www.cambridgeassociates.com/wp-content/uploads/2019/11/Outlook-2020.pdf](https://www.cambridgeassociates.com/wp-content/uploads/2019/11/Outlook-2020.pdf) +21. [http://docfinder.bnpparibas-am.com/api/files/9E69C0FA-D509-4C31-9FA7-4A6D1F4584F7](http://docfinder.bnpparibas-am.com/api/files/9E69C0FA-D509-4C31-9FA7-4A6D1F4584F7) +22. [https://www.generali-investments.com/wp-content/uploads/2019/12/outlook-2020-1.pdf](https://www.generali-investments.com/wp-content/uploads/2019/12/outlook-2020-1.pdf) +&#x200B; + +||2015|2016|2017|2018|2019| +|:-|:-|:-|:-|:-|:-| +|[BB.TO](https://ca.finance.yahoo.com/quote/BB.TO?p=BB.TO) stock price end of year|12.84|9.24|14.04 1|9.71|7.36 (-30.84% compare to start of 2019)| +|John S. Chen/Executive Chairman of the Board and Chief Executive Officer|3,420,682|3,011,325|3,017,095|3,013,500|109,579,950| + +Edit: He own 5,320,923 shares which is worth 39,268,411.74‬ CAD today. At least he is not selling. + +Edit: Found the contract. apparently he would have made more if the stock would reach 16 CAD. + +[https://fortune.com/2018/03/15/blackberry-ceo-pay-john-chen/](https://fortune.com/2018/03/15/blackberry-ceo-pay-john-chen/) + + Under the [new contract](https://globenewswire.com/news-release/2018/03/15/1437995/0/en/BlackBerry-and-John-Chen-Agree-to-Contract-Extension.html), Chen is entitled to the same $3 million salary and bonus per year as his prior contract, or a total of $15 million. He also gets 5 million restricted stock units that vest 20% per year and another 5 million units that will vest if BlackBerry’s stock price reaches $16 to $20. The 10 million units are worth $132 million at Thursday’s midday price and could be worth even more if the stock keeps rising. Chen will get an additional cash award of an undisclosed amount if BlackBerry’s stock hits $30. (The amount will be disclosed in May securities filing, the company said.) +Google (Or Alphabet inc) is a 1.5T market cap company - But I still see growth ahead of it. Here's my DD. + +We all know what Google’s main business is (Google Search), so here’s a quick breakdown of the alternate revenue sources for Q2 2022: + +Search - $39.6B + +Cloud - $5.8B + +Youtube - $6.9B + +Network - $8.2B + +Other - $6.8B + +&#x200B; + +As you can see, Google search contributes to over half of Google’s revenue, but revenues from Youtube, Network & Cloud are not insignificant either. Google isn’t falling behind the competition either, using nearly $10B on R&D per quarter. Google search has a massive moat, and as more of the world are getting online, I can not see Google’s search revenue declining. On the other hand, Youtube is eating up more streaming viewers from twitch, while Tiktok poses tough competition in the Youtube ‘shorts’ section. I still believe Youtube to be the premium video content platform. Google cloud has a roughly 10% market share in a fast-growing industry, expected to be worth roughly $83B at the end of 2022. Cloud is the third largest player in this sector, behind AWS (33%) and Azure (22%). Google is constantly innovating to keep its market share, and the moat is not eroding. Because of this, I believe Google is a wonderful business trading at a discount due to market conditions - Here is my estimation of Google’s fair value: + +TTM FCF 65.19B + +Assumptions + +3% FCF growth + +8% Discount rate + +2% Terminal growth rate + +10 years of projection + +$184.92 Fair Value + +$116.93 Price + +**38% Discount on Fair Value** + +\*Always do your own calculations of fair value, I am not a financial advisor\* + +While the P/E (21.3) & P/B (6.0) may be high, making Google not a traditional ‘Value’ Investment, I feel it is fair to pay a small premium for a wonderful business, AKA a fair price for a wonderful business, as opposed to a wonderful price for a fair business. + +For me Google is a long-term hold, as the management team has shown their competence, and I have high conviction in the performance of their products, as well as the business as a whole. + +Google is also using cash flow in acquisitions, such as buying Mandiant for $5.4B, a cyber security company, as well as buying FitBit for $2.1B, a smartwatch company to further enhance the google suite of products. Fitbit is the 4th biggest company by market share in the wearables industry. + +Here are the revenue & earnings growth for the last 5 years: + +Revenue: + +2016 – 90.27B + +2017 – 110.85B + +2018 – 136.82B + +2019 – 161.86B + +2020 – 182.53B + +2021 – 257.64B + +5 year Revenue CAGR: **23.7%** + +Earnings Per Share: + +2016 – 1.39 + +2017 – 0.90 + +2018 – 2.19 + +2019 – 2.46 + +2020 – 2.93 + +2021 – 5.61 + +5 Year EPS CAGR: **46.1%** + +&#x200B; + +Google, a 1.54T market cap company, is still growing at 20%+ per year – that is insane. + +**I firmly believe Google to be a wonderful business, with a lot of growth ahead of it.** + +\*This is not financial advice, always do your own research\* + +&#x200B; + +Crosspost From r/HoldForeverInvesting +Good Evening Folks! + +*Here i am again doing shenanigans with balance sheets and numbers!* ***I would like to thank everyone last time for replying and giving advices or pointing out mistakes and bs***; you can see the previous posts in another sub [*here*](https://www.reddit.com/r/investing/comments/y0tob8/intel_corp_stock_evaluation_tldr_3608_undervalued/)*.* + +*I am a Business Economy & Management Student and i recently found i passion for Financial Analysis, Indeed, i would like to become a Financial Analysts myself. I know i have lots to learn and many experience to cover, that is why i am practicing daily. I am sharing my exercises so i can get opinions, advices and indications, and surely this will help every one intended to learn and improve!* + +*Click* [here](https://docs.google.com/spreadsheets/d/1TQLUA4DW0MTjz-OY6EunKDqvCYFFdjLO/edit?usp=sharing&ouid=111541358396870593416&rtpof=true&sd=true) *to check the Excel file where i did my math* + +# Some Briefing + +I made adjustments and fixed some numbers from my last analysis. The Final Price is the average of all the evaluation methods listed. + +* *Graham Fair Value Formula* +* *CFO Evaluation* +* *Discounted Unlevered Free Cash Flow* +* *Dividend Discount Model* +* *Total Payout Valuation Model* + +**Changes from the previous post:** + +* **Use of Annual Data**: In the last one I used quarterly data and forecasted it as it was annual lol (what an idiot) +* **Use of Unlevered Free Cash Flow**: I used Free Cash flow to do DCF in the last one +* **Use of Growth Rate calculated by me** +* **Tax of 8.46%** calculated by me, in the last one i just guessed one randomly loool +* **Fixed Unlevered Beta**: Used MCap and Long tern & Short Term Debt to calculate Unlevered Beta instead of using Shareholders Equity + +**Final Introductory Notes:** + +* **I did not compare Intel to is competitors** nor the industry sector, i plan to, this is just a quick analysis +* **I didn't do the Scenario Analysis** to forecast the revenue from Intel's product segments, i factored all the possible variations in sales with a conservative estimate of the company growth of 0.71%, the number is based on its last year's net earnings. The growth rate of 0.71% is used in every valuation methods used. Note: Analysts growth rate for the next 5 years for Intel is: -0.16% +* To better calculate the growth rate, i need the percentage of earnings that are not distributed to investors. I calculated the retained one as 71.59% and the distributed portion of 28.41%. I am not sure if this is correct, thus i assumed a retention rate of 5% to be conservative, if you have some indication please do not restrain yourself thanks! +* In the Dividend Discount Model, i used the calculated company growth rate of **0.71%** and not the average of the last 9 years of 5.64%. This is due to the fact that i see it as an unreasonable growth rate for dividend for the next near future. This model is based of Gordon's Growth Model (with constant growth in dividend). +* **As Discount Rate, i used mainly CAPM** form most of the evaluation methods, even tho is calculated WACC, i used it only for the Total Payment Valuation Method. +* **I made also a Risk Analysis**, but i think it is fucked up, and thus it shall not be considered at all and skipped lol +* **Company has a cash burn rate of 0.50** and 6 months remaing, i dont know why, it seems odd not gonna lie but i still have to figure out what is wrong. Is is calculated on FCF of 9,662,000 thousands and Cash & Cash Equivalents of 4,827,000 thousands :/ + +# Fair Value + +|Method Used|Price| +|:-|:-| +|**Adjusted Graham Fair Value Formula**|$33.14| +|**CFO Evaluation**|$38.98| +|**Discounted Unlevered Free Cash Flow**|$19.22| +|**Dividend Discount Model**|$24.09| +|**Total Payout Valuation Model**|$29.68| +|*Fair Value*|*$29.02*| + +# Data Used and Source + +|Name|Value|Description/Source| +|:-|:-|:-| +|**Financials**|None|[Yahoo Finance](https://finance.yahoo.com/quote/INTC/financials?p=INTC)| +|**Beta or Levered Beta**|0.71|[Yahoo Finance](https://finance.yahoo.com/quote/INTC?p=INTC)| +|**Unlevered Beta**|0.53|Calculation (see attached EXCEL link)| +|**Corp Tax**|8.46%|Calculation (see attached EXCEL link)| +|**Risk Free Rate**|3.896%|[10y US Treasury Bonds](https://finance.yahoo.com/bonds)| +|**Maket Expected Return**|9.40%|[Motley Fool](https://www.fool.com/investing/how-to-invest/stocks/average-stock-market-return/)| +|**CAPM**|6.81%|Calculation (see attached EXCEL link)| +|**WACC**|5.36|Calculation (see attached EXCEL link)| +|**ROE**|14.20%|[Historical average (conservative estimate)](https://www.gurufocus.com/term/ROE/NAS:INTC/ROE-/Intel)| +|**AAA Bond Yield**|4.77%|[Moody's Seasoned Aaa Corporate Bond Yield](https://ycharts.com/indicators/moodys_seasoned_aaa_corporate_bond_yield)| +|**EPS**|4.66|[Yahoo Finance](https://finance.yahoo.com/quote/INTC?p=INTC&.tsrc=fin-srch)| +|**Average US GDP Growth**|3.18%|[TradingEconomics Stats](https://tradingeconomics.com/united-states/gdp-growth)| + +# Ratios + +*Quick Note: this is just indicative, i know i need more ratios and i need to compare them with industry and competitors to better have an adjusted commentary on Intel's ratios, in the next post i will add more ratios like: ROIC, Accounts Receivable Turnover, Inventory Turnover, Accounts Payable Turnover, Debt to Equity, Quick Ratio, Interest Coverage Ratio, Price to Book ratio, P/E etc (this list is not biding, some ratio listed could be not included), i will try to compare some with its historical variations.* + +|Ratio|Numbers|Description| +|:-|:-|:-| +|**Working Capital**|2.10|The company can cover its short term expenses with its current assets| +|**Acid Test**|0.18|The company cannot cover its short term expenses with only its cash and cash equivalents| + +Note: The Ratios section can be skipped. + +# Risk Analysis + +Following are factors that can impact the company Free Cash Flow: + +* **Inflation rate increases**: Last Month's inflation decreased just a little bit, but that doesn't indicate that it will plunge soon, high probability to see it increase in the near future. +* **Unanticipated effects of interest rate hikes**: We know that the FED is trying everything to fight inflation, even spending and injecting more cash in the economy! We expected the last rates hike, and we expect another one soon. +* **Geopolitical events**: one word: \*reads it with Trump's voice\* ***China!*** +* **Sales forecast, cost estimates, and cash conversion cycle inaccuracy**: It is forecasted by Intel itself a decrease on sales for the next near future due to demand decrease. +* **New competitors entering the market or taking market share**: AMD is smashing it and Intel is stagnating. + +**Risk in Numbers (a historical overview)** + +By observing the yearly variation of its Free Cash Flow, we can extrapolate some statistics. + +* Average variation of Free Cash Flow for the last 10y: **8.18%** +* Variance of the data set: **10.57%** +* Standard Deviation: **32.51%** + +# Comments on the Valuation Methods used + +|Method|Comment| +|:-|:-| +|**Adjusted Graham Fair Value Formula**|Used in Value Investing taking in count EPS, growth rate and AAA bond yield. As for Intel's current situation, its value shall be round $33.14 in normal market conditions.| +|**FCF Evaluation**|Taking in mind CFO for 29,991,000 thousands, CapEx of 20,329,000 thousands and Cash & Cash Equivalents of 4,827,000 thousands, Fair Value is 38.98 in Normal market conditions. Some said that Cash & Cash equivalents is around 50B, but in the balance sheet i see only the Total Current Assets around that number. This gives us a price of $38.98| +|**Discounted Unlevelead Free Cash Flow**|This model observe past Unlevered Free Cash Flow and Forecast the growth of it for the next 5 years. Growth rate is a conservative 0.71% putting Fair Value Price for the next year to $19.22. Note that the future is unpredictable and this model shall use different growth rate for each year forecasted. The value is calculated assuming that the current market condition persists for the next 5 years.| +|**Dividend Discount Model**|This model observes the historical variation of Yearly Dividends. It is based on the principle that a Company Value is due to the Present Value of all its future dividends. Gordon's Growth Model is the DDM assuming a constant growth of the dividend and this DDM is based on that assumption. The fact that 5% growth is not sustainable in current market condition, i sued the calculated growth rate that i made, 0.71%, giving us a Value of $24.09 assuming a constant growth of dividend by that rate. This is conservative estimate.| +|**Total Payout Valuation Model**|This method is an alternative to DDM and try to extrapolate the Fair Value from its dividend payout. This method is the only one where i used WACC as discount rate. Why? cause the formula i got raid WACC instead of a general "discount rate" loooool.| + +# Intel's Semiconductor Market Share + +|Year|Market Share| +|:-|:-| +|2008|13.30%| +|2009|14.60%| +|2010|14.00%| +|2011|16.50%| +|2012|16.40%| +|2013|15.40%| +|2014|15.40%| +|2015|15.40%| +|2016|15.90%| +|2017|13.80%| +|2018|14.00%| +|2019|15.70%| +|2020|15.60%| +|2021|12.20%| + +Source: [Statista](https://www.statista.com/statistics/266143/global-market-share-of-leading-semiconductor-vendors/) + +# Intel Corp. VS Advanced Micro Device, Market share comparison. 1Q 2022 data + +|Market|Intel|AMD| +|:-|:-|:-| +|**All CPUs**|61.80%|38.2%| +|**Desktop**|52.60%|47.40%| +|**Laptop**|76.00%|24.00%| +|**Server**|98.50%|1.50%| + +Source: [PassMark Software](https://www.cpubenchmark.net/market_share.html) + +# Conclusions + +As i stated, **this is just a preliminary analysis**, *i still have to integrate some data, ratios and take in mind many other variables!* + +Intel is surely lagging behind it competitors and falling in the "***Too Big To Fail***" mentality which makes them too complacent and lazy in doing things good. I can's comment on management cause i still have to check it. Short Term and Long Term Debts are increasing, surely due to this year shenanigans in the overall market. We can observe a small increase in Unleveread Free Cash Flow and PP&E. The company so far has paid dividend regularly, so if it is in severe situation, we shall expect it to stop distributing earnings, until then, we shall not be alarmed. + +**In conclusion**, *Intel is following market movements and is in a geopolitical crossfire, which affects is competitors too. We shall not forget that it is in danger regarding lagging really hard behind competitors, they need to invest more in R&D and Marketing, cut inventories and operational expenses, i sense some inefficiency in the Business Structure.* + +# Final Notes + +Yooo My Evaluation goes really near Barclays' price target for Intel LOL! + +|Institution|Rating|Position| +|:-|:-|:-| +|**Barclays**|$30|Underweight| +|**Wells Fargo**|$32|Equal-Weight| +|**Northland Capital**|$52|Outperform| +|**Goldman Sachs**|24$|Sell| +|**Deutsch Bank**|$35|Hold| +|**Stifel**|$32|Hold| + +**Intel Earnings Date**: 27th October 2022 AFH. "*According to Zacks Investment Research, based on 14 analysts' forecasts, the consensus EPS forecast for the quarter is $0.34. The reported EPS for the same quarter last year was $1.71.*" - [Nasdaq](https://www.nasdaq.com/market-activity/stocks/intc/earnings) +Exactly what the title says. Looking for small cap companies, preferably less than $2B that I can check out. I want them to be profitable at least for the last few years. + +Shoot me some interesting companies that I can check out, thanks in advance. +Hi all - + +With CPI week in view, now feels like a good time for a follow-up post to my original "How to hedge against inflation Michael Burry style" installment that I posted on r/ValueInvesting and r/Burryology back in May. + +At that point, we were all waiting with interest to see how Burry would approach inflation from the investment perspective. People found the research that I documented in Part 1 useful so I thought I'd make a Part 2 that details his newer inflation plays from his Q2 2021 portfolio (a number of which are value investing plays). + +By my estimate, 28.4% of Scion's Q2 2021 portfolio is currently hedging against inflation. For the sake of transparency on how I got those estimates, I've posted the numbers [here](https://www.reddit.com/r/Burryology/comments/pkxr5s/michael_burry_scion_asset_management_q2_2021/). For those interested, I do a weekly post on like the one I just linked on [r/Burryology](https://www.reddit.com/r/Burryology) with the goal of keeping folks up-to-date on which of Scion's recent stocks are trading at or below their Q2 lowest price (i.e., stocks you could invest in now and be guaranteed to get in at a better price than Burry did). *Many* of these stocks are value plays! + +On the inflation front, here's my breakdown: + +# US 20+ year Treasury ETFs (7.6% of Scion's Q2 2021 portfolio) + +Burry's treasury instrument of choice is the 20+ year bond. This is a direct play on inflation where he's essentially concluding that the Fed will eventually need to raise interest rates which will lead to an increase in bond yields thereby causing their prices to fall. TLT is tied to the bond price itself. TBT is tied to the inverse of the yield (so when the yield falls, TBT goes up 2x that rate (in theory)).He has positions in both TLT and TBT (see below for descriptions). It should be noted that both of these positions first appeared in Scion's 13F in Q1 2021. It should also be noted that he reduced his TBT position and increased his TLT position in Q2 2021. His TLT position is the third largest position in his Q2 2021 portfolio (which, in my opinion, says something about which ETF he prefers). + +**Put Options on** [Ishares 20+ year treasury bond etf (TLT)](https://investopedia.com/articles/investing/031915/overview-tlt-etf.asp) **- 7.2% of current holdings** + +Probable Burry thesis: rising inflation over the mid- to long-term will lead to the need to increase interest rates, leading to increased yields and making these 20 year bonds less attractive. + +Some context: The U.S. Treasury announced plans to start issuing 20-year treasury bonds in January 2020. The benefits to 20 year treasury bonds are that they're relatively safe, their value could increase if interest rates drop, and they're relatively liquid. The cons are that they're over a 20 year period (meaning you lock in very low interest rates at which you get paid), inflation may occur over that 20 year period and lead to an increase in interest rates that you'll miss out on, and rising interest rates in general hurt the value of these bonds. + +**Call Options on** [Proshares trust ultrashort lehment 20+ year treas etf (TBT)](https://www.zacks.com/funds/etf/TBT/profile) **- 0.4% of holdings** + +Probable Burry thesis: this is the same 20+ year treasury bond mentioned above so the strategy is likely the same. The difference here is that it's a call on a 2x inverse bond ETF. + +Context: The ProShares UltraShort 20+ Year Treasury seeks daily investment results, before fees and expenses that correspond to two times the inverse of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. (from Zacks article linked above). + +# Energy, Commodities, and Transport (11% of current holdings) + +Commodities are a fairly traditional inflation play. This [article](https://www.investopedia.com/articles/investing/020816/importance-commodity-pricing-understanding-inflation.asp) on investopedia gets into some of the details regarding the relationship between commodities and inflation. The challenge with each of these companies is determining whether the company is an explicit hedge against inflation or whether it’s a value investing play. + +[Ovintiv Inc.](https://www.prnewswire.com/news-releases/ovintiv-reports-second-quarter-2021-financial-and-operating-results-301342593.html) **(Pan Canadian Energy - Encana Corp.) (OVV) - 4.06% of current holdings** + +This is the 6th largest Scion position and the 2nd largest shares-only position (i.e., no options contracts). + +Probable Thesis: First, it's an oil & gas company (meaning the commodities checkbox is checked on this one). Second, it's arguably a riskier investment at the moment. They have very little cash on the balance sheet (enough for 1 day of operations). They are currently redirecting their cash flow towards paying down long-term debt which in itself is another positive for inflationary times (one group that does particularly well during inflation is debtors as the debt inflates itself away). + +**Scorpio Tankers** **(STNG), SunCoke Energy (SXC), and** **Golden Ocean Group Limited** **(GOGL) - 2.9%, 2.4%, and 1.7%** + +I grouped these positions together as they each clock in below 3% of the overall portfolio. Each of these was also an existing position that Burry added to in Q2 2021. + +***Scorpio Tankers and Golden Ocean Group*** + +These two are likely plays on ocean freight/transport inflation. Scorpio is tied to oil transport and is a proxy play on any boost to oil demand that occurs at the global level. Golden Ocean Group looks similar but tied specifically to dry bulk goods. + +***SunCoke Energy*** + +This is the one that I'm leaning more towards "value investing play" and less towards inflation (but I could be wrong). The arguments in favor of it being an inflation play are that it’s a commodity company (coal), it just recently started paying a dividend, and its been working towards deleveraging (at least that was the case earlier in the year). These are themes that you'll see in other investments such as CVS Health below. + +# Revenue Mammoths (9.8% of current holdings) + +The final group of companies are the revenue mammoths. They hail from the retail, grocery, and pharmacy sectors. All four of these organizations are in the top 31 companies in the world by revenue. They have some combination of pharmaceutical distribution and retail/grocery. They offer dividends with two of them being dividend aristocrats. + +**CVS Health (Call Options and Shares) - 4.7% of portfolio** + +Interestingly, CVS Health is the only stock where Burry is currently holding both shares and call options. They are the [7th largest company in the world by revenue](https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue) (hence the revenue mammoth term). The characteristics that make CVS an interesting potential inflation play are: + +* They have a large pharmaceutical distribution presence +* They have a large health insurance segment +* They have a sizeable retail store segment +* They froze their dividend in 2018 to pay down debt related to their Aetna acquisition + +What makes these intriguing characteristics from the inflation perspective? + +Healthcare and pharmaceuticals have consistently beaten inflation over the past several decades. Pharmaceutical drugs continue to trend up. CVS owns a pharmacy benefits manager which, as a business, is incentivized through proportional rebates to push pricier drugs where they can. + +From the retail perspective, their "front" stores are essentially baskets of goods which can pass on the costs of inflation to the consumer. + +Lastly, the most intriguing reason (in my opinion) is their current strategy to pay down long-term debt. Their stock price is arguably depressed due to the massive $69 billion acquisition of Aetna they made in 2018. They had been increasing dividends every year for almost 2 decades before this acquisition, at which point they froze the dividend and put the money towards their debt. They estimate that they'll hit their debt-to-capitalization ratio in Spring of next year (I personally think it will be summer or fall of next year). At that point, it is anticipated that they will resume dividend hikes and share buybacks as they've done historically. + +With CVS, you have a potential case where the 7th largest company in the world by revenue is undervalued due to a large amount of debt that they are slowly and steadily paying off in an advantageous inflationary environment with a predicted return to hiking their dividends in 2022 (and they appear to be largely inflation-proof). + +**The Opioid Twins: McKesson Corp. and Cardinal Health (Call Options only) - 2.9% of portfolio** + +Two more pharmaceutical revenue mammoths: McKesson clocks in at #12 on the largest companies by revenue list and is the largest pharmaceutical distributor in the United States. They also own a chain of 4000 pharmacy stores. Cardinal Health clocks in at 14th by revenue and is in the top 5 largest pharmaceutical distributors with McKesson. Both offer similar inflation characteristics to the ones listed for CVS Health with the difference being that CVS owns a health insurance plan on top of their pharmacy retail/PBM businesses. + +Another key difference between CVS Health and the duo of McKesson and Cardinal is that McKesson and Cardinal Health were penalized in July of 2021 for their role in the Opioid crisis. Cardinal Health [expects to pay $6.4 billion over 18 years](https://www.dispatch.com/story/business/2021/07/22/cardinal-health-pay-6-4-billion-part-opioid-settlement/8053626002/) for its share of a $26 billion opioid settlement. It's possible that this legislation is currently a drag on these two stocks. + +**Walmart (Call Options only) - 1% of portfolio** + +Walmart is an interesting case because, at first glance, it appears to make more sense as an inflation play than the rest of this mammoth revenue group. Walmart is the largest company on Earth by yearly revenue. They have a strong pharmaceutical presence like the other companies in this category though over half of their revenue is actually from their grocery segment. + +What makes them an interesting inflation play is that their stores are literally giant baskets of goods. They have a large breadth of products which allows them to keep the prices of various product categories lower than their competitors. They also own the basket that the goods live in (along with the land around the basket). Real Estate is a well-known inflation hedge. + +Thanks for reading. +Here's mine - I sold a 3/19 700 TSLA put on the first dip on Monday for a 3k credit. + +*then it dipped* + +On Wed, I rolled the 3/19 to 4/16 for an additional 2.5k. + +Currently, I'm sitting on -7k unrealized loss. At one point, it was -10k + +*And of course there are other unrealized losses* +> I think we actually have high inflation, but due to these side effects it is showing up in stock prices instead of consumer prices. I believe this, not V-shaped recovery expectations, is the main reason stocks are up. + + [https://www.mauldineconomics.com/frontlinethoughts/valuation-inflation](https://www.mauldineconomics.com/frontlinethoughts/valuation-inflation) +RobinDaHood received investment from Ribbit Capital and several other venture capital firms, including **Sequoia Capital**, Index Ventures and ICONIQ Capital. - $3.4 billion figure + +**Sequoia** — was an early investor in *Melvin Capital* + +[https://www.thetrustedinsight.com/investment-news/sequoias-heritage-fund-was-early-investor-in-plotkins-melvin-capital-20210203580/](https://www.thetrustedinsight.com/investment-news/sequoias-heritage-fund-was-early-investor-in-plotkins-melvin-capital-20210203580/) + +&#x200B; + +Sequoia Capitol Denies Pressuring Robinhood to Stop GameStop Trading - [https://www.newsweek.com/sequoia-capitol-denies-pressuring-robinhood-stop-gamestop-trading-after-viral-reddit-post-1565269](https://www.newsweek.com/sequoia-capitol-denies-pressuring-robinhood-stop-gamestop-trading-after-viral-reddit-post-1565269) + +&#x200B; + +I was going to write up a DD, but at this point I think I have everything I need. + +**Sequoia Capital is most definitely in the same boat as Melvin, RH & Citadel moving money around so this whole shitshow doesn't blow up.** + +Edit: cred to u/Humand_Ad5404 + +Sequoia invested in animoca (blockchain video game company) and paradigm = coinbase (lrc competition) + +they invested into the market maker thats shorting their competition…. +If you're part of the 1% - what makes you think you can beat the market? Is it possible to acquire these advantages? + +The arguments for passive investing seem REALLY damning for active investing (I'm sure you've all heard them - not a lot of funds actually beat the market being the single most damning, IMO). I do think that wall street's being influenced by forces that don't affect retail investors, but obviously, we don't have access to the same kind of information they do. And while I think I'm definitely in the upper half of stock pickers, I'm not delusional as well and can't place if I'm closer to the median, or the upper crust, so I'm wondering if trying to build these advantages and taking advantage of any market inefficiencies is worth it. + +Thanks! +Recently my wife got a new job and when setting up her 401k I noticed it said her employer match was 25%. I tried looking for the cap but there wasnt any, so I thought this was crazy! She currently doesnt make much money so to max out her 401k she would have to contribute around 40% of her income. But this is obviously way too good to not do it right? Im thinking the right thing to do is convince her to go all in on that 401k. Anyway I was wondering whether this is as rare as I think it is or if its actually fairly common? She works as a health care worker (LVN) +I cant tell if I'm overthinking it but if I'm over the income limits to contribute directly to a Roth this year after having had one for several years, is the process really as simple as to open a traditional IRA account- put the $6k in there first and then immediately move it to a Roth and I'm good to go? + +Is it really that simple? It feels like an extra step and I'm not sure of the purpose but I feel like it can't be that easy? +I have seen the advice given to have 3-6 months of expenses saved up. Now that I have that saved should I just leave it in a regular savings or is there a better option to make this money work for me? It's just above 12k right now and 10k is what I calculated I should have but I feel like it is a waste to let it sit in a savings accruing such small interest. +November 23, 2021. I really do believe *it* will start tomorrow, as in we breach $300 and then FOMO will pile on Wednesday then we all tell our families about GME when they inevitably ask ''so how's that Gamestop doing, I heard it's up.'' on Thanksgiving. Just typing this down for any internet historians that stumble upon this in 15 years! Let it be known that the MOASS ''officially'' starts tomorrow!! +https://www.cnbc.com/2020/09/18/metrics-show-consumers-pulling-back-on-spending-in-september-as-congress-debates-second-stimulus-.html + +Halfway through September, Americans are curbing the amount they spend even with economies reopening. + +JPMorgan says Americans who use Chase cards last week spent 6.5% less than they did one year ago, marking a fall from the prior week's print. + +The decline in consumer spending may represent a concerning early sign that the effects of federal support for the U.S. economy made be starting to fade. +I've been investing in mutual funds, debt funds and RD. I'm an NRi & the amount I invest every month is high(lacs). + +What will happen to all of it if we get hit by a recession like 2008? Will the amount in my RD, debt funds and bank account remain intact and unaffected? + + +I don't own any property or other forms of wealth. Literally all my money is invested, so I hope you can see my concern of losing everything I have, everything I've worked for, wiped overnight. + +What can I do to ensure to be on the safe side? + +The TIL post on top of r/all about recession got me thinking. + +Edit: Not sure why I'm being downboated for asking a serious concerning question but okay.. weird flexes are welcome. +I've been investing in mutual funds, debt funds and RD. I'm an NRi & the amount I invest every month is high(lacs). + +What will happen to all of it if we get hit by a recession like 2008? Will the amount in my RD, debt funds and bank account remain intact and unaffected? + + +I don't own any property or other forms of wealth. Literally all my money is invested, so I hope you can see my concern of losing everything I have, everything I've worked for, wiped overnight. + +What can I do to ensure to be on the safe side? + +The TIL post on top of r/all about recession got me thinking. + +Edit: Not sure why I'm being downboated for asking a serious concerning question but okay.. weird flexes are welcome. +You can discuss something like these, ITT: + +- Which fund houses are you currently investing with? Why did you invest in the funds? +- Reviews on the funds offered by the fund house? +- Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering? +- How easy it is to navigate & use their app / websites? +- Does the fund house provide periodic communication regarding the markets, fund performance and strategy? +- What PMS scheme / AIFs are you currently invested in, if any? Why did you choose it? +- What does the PMS / AIF fee structure look like? +- Does the PMS manager provide periodic communications regarding portfolio selection and performance? + +--- + +You can ask for general review of a particular product or service that you are researching - _"What is the investing style of fund X? Is it recommended for long-term retirement needs?"_, but **avoid asking for personal advice**. + +The discussion is for consumption by a broader audience, not just specific to you. + +For advice regarding your personal situation (like "I have 25L saved up currently for retirement purposes in 30 years. What fund / PMS / AIF should I choose?"), the bi-weekly advice thread is recommended It's stickied at the top of the subreddit. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the discussions only to reviews or requests for reviews of products and services. + +[Link to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +[I am upset so I swear in this post, just warning] + +The other day a coworker of mine brought up student loan debt. He has none because he didn't go to college. He makes a whopping $3 less an hour than me. I have 40k in loans for a virtually useless degree (well, maybe a $3/hr degree). But $3 more an hour means nothing when you're losing it all and more to Navient. He gloated, said that most bachelor's degrees are stupid wastes of time and money, basically (indirectly obviously) calling me stupid for digging myself this hole that I don't know if I'll ever be able to get out of. + +And the worst thing is that I don't think he's totally wrong. + +I look at two year degrees, vocational schools, community college and I wonder why the fuck no one stopped 17 year old me from signing my life away. "You'll make more with a degree!" they lied. "Everyone has student loan debt, it's very manageable" they lied. "Having a degree will get you farther in life" they lied. Nurses with a 2 year degree make literally double what I make. Kids from my home town started working at shops out of high school and now they're managers and make more than I do. I fucked up. I traded 5 years of my life for nothing. All the depression and panic attacks and all nighters and peanut butter sandwiches for all three meals was for nothing. + +I have no recourse. I have no opportunity. I can go to grad school now, sure, but that's another $60k that I'll heap onto my shoulders. It makes me want to throw up. It makes me feel trapped. But without grad school, I can't even move forward. But then who's to say that my grad school degree will get me anywhere? I thought my bachelor's would, but look at where I (and a lot of people) are with that. My degree (a bachelor's in psychology that no one warned me was useless "You can do anything with a psychology degree!" I heard a million times. No. You can do NOTHING with a psychology degree.) affords no movement, no opportunity, nothing. My degree's value is maxed out at my current position - which isn't horrible, I am not in poverty, but I am still drowning in debt and I can't really adjust my lifestyle lower to pay it off faster. It's just there, choking me out every month. + +I have money in my bank account, I have savings - none of it is mine. Even if I had $40,000 in my bank account, I'd look at it and say "this isn't actually mine." I thought my amount of loan debt was normal, but every time I bring it up with people I thought were in the same boat, they say things like "I don't know how I'll ever pay back $18,000!" or they have the same amount of debt or more, but they got a useful degree so they're making $80k a year. + +I lived with shitty roommates in shitty houses, I got grants and scholarships, I went to public schools, I got a good GPA and worked hard, I never traveled or studied abroad because I balked at the cost involved. I worked in the summer, I tried to save money everywhere I could. And fuck all good it's done me. + +It isn't just the debt that gets to me. It's the fact that I've wasted so many years of my life for nothing. That I was promised prosperity and lied to, that no one stopped me along the way and said "Wait! Is this the best choice?" That I can't even fight back when a coworker calls me stupid because it's the goddamn truth. That I'm still struggling with things when everyone around me seems to have it more together. That I can't possibly live the comfortable (not even fabulous!) life that I was told I'd be able to. I can afford my life now, but kids? No way. A house? Ha. Retirement? Jeez. That I somehow fucked up more than all my friends, that I somehow managed to walk away with twice as much debt as everyone else. + +I don't know what to do. + +So yeah. I think about my student loans and cry. + +EDIT: thank you to the 90% of you who have been supportive and encouraging, I needed it :) I'm going to stop reading comments for a bit because I'm dealing with some pretty horrible people in my inbox and stuff + +But also, there have been a few concerning comments about killing yourself because of your student loans. Please don't look at it that way! I know it is a seemingly insurmountable scary thing but your life is worth much more than your income or debt. I hope you can reach out to a friend or someone in the comments (or me) to help with what you're going through. +My plan is to retire by 35. I won’t get too preachy and will make sure to share as much detail as I can. I know my favorite posts in the subreddit are the ones that include the raw details. I’ll jump out and admit that Bay Area tech salaries are insane. I work my ass off but do not pretend I am not very fortunate (touched on later in my advice below). I also wanted to share that these career's and salaries are not just for engineers and computer scientists. + +All reported amounts are invested assets. This is less than networth but after the sale of my home back in Florida last year it is the majority of my network less a yearish in CDs/savings as an emergency fund. + +**FIRE Goal:** $2.16M Invested to provide \~$75k Per year (3.5% withdraw rate) +400k Set Aside to Purchase a House. (My original plan was $75k per year with a paid off house. That was easy to think about in Florida, but I am not certain where I will settle just yet. Current expenses when adjusting for non HCOL area have us very comfortable at 75k including housing costs.) + +**Income:** My partner and I both work for one of the FAANGs in the Bay Area and had total compensation north of $400k. I also had a one time bump last year due to a house sale from back in Florida. + +**Savings:** \>$150k per year into 401ks, After Tax 401ks and taxable accounts. I front load most of my employer investments each year (max out contributions in the first 6 months). + +**Major Expenses:** Usual Bay Area headaches with housing and childcare making up >$80k per year. Luckily my FIRE goal also lines up around when they would be able to public schools for elementary. + +**Allocation**: 53/36/11 (Domestic Equities/ International Equities/ Bonds) Remember this doens’t include my emergency fund which mentally I include in my bond allocation but do not include in the above. My goal bond holding are 15% which I have been heavily investing into muni bonds the past year via contributions to get my ratio’s closer to my goal. + +**My Favorite Charts:** + +* [Overall Investment Trends Broken Out by Contributions & Gains](https://i.imgur.com/KVV3Ce6.png) (Gains is all investment gains and dividends) +* [Total Investments Stacked by Account Type](https://i.imgur.com/G0gE31V.png) (Helpful to see rapid acceleration of taxable plus you can see when I started contributing to a mega roth after losing access to contribute to a roth for a few years) +* [Days Between Milestones](https://i.imgur.com/RvlgeHc.png): This was created after a reddit thread on this subject. It tracks the amount of time between $100k milestones. It has flattened out and it is worth highlighting that only in the past 2 years have I ever gone below a milestone. Ie I dropped below 1.4M nearly 5 times before market gains and contributions pushed me passed up back towards 1.5M +* [Retirement Projections](https://i.imgur.com/52nFe04.png): Every year I model out my planned contributions along with very simple 5% gains. + +**Personal Base Salary History** (Later on equity contributes a large portion of my salary but isn’t included here) + +* 2008 New Grad: $37k +* 2009: $44.5k (+20% new job) +* 2009: $48.5k (+9%, performance based raise) +* 2010: $48.5k (No raise this year, switch jobs at the same salary but more room to grow) +* 2011: $60k (+23.7% Performance based raise, it had been >500 days since my last raise) +* 2012: $66k (+10% annual performance raise) +* 2013: $80k (+21.21% Was a raise to get me closer to market salary and an effort for my employer to retain me, went along with a fancy inflated title) +* 2014: $138k (+72.5%, recruited to the bay area as a “data scientist”) +* 2015: $142k (+3%, percentage wise the smallest raise I ever received. Clearly an inflation based raise) +* 2015: $158k (+11%, Promoted during the year) +* 2016: $170k (+7%) Performance +* 2017: $190k (+12%, performance related raise) +* 2018: $210k (10%, promotion) + +**High Level Advice** + +1. Just accept that you have been dealt a good fucking hand in this game called life if you are even in the position to think this is possible. +2. You can’t plan life. If never works how you expect. I could never have planned my career in the way it ended up. Be opportunistic with new opportunities that you didn’t expect arise… but don’t burn too many bridges to get there. (Especially if you work in some of the more incestuous industries like tech). +3. Acknowledge that I am not just one person. Going through the majority of my adult life with a like minded partner has had a huge multiplier. Economies of scale are powerful. Even just needing a 1 bedroom in a HCOL city while you are DINKs can allow for heavy savings in key early years. Trust me I tried finding another couple with a kid to further take advantage of this but it kept attracting a weird swinger vibe. +4. Don’t overthink it. The basics of FIRE are not complicated. Just save as much as you can. As you progress don’t let life inflate too much and keep your savings rates high. Don’t kill yourself here. Live the life you want now. That might be the same one in FIRE (minus the job) or it could be completely different. But it is your life and you only get one of them. + +**College -> Career Progression Story** + +I am not special. We both graduated in the middle of the great recession with damn liberal arts degrees (economics). I wanted to go into banking but the career fairs at my state university in florida were spartan. Friends with top honors were getting their offers rescinded from the key players and I couldn’t even land an interview. + +Luckily one of those companies still showing up to the career fair had a local internship for “Internet Marketing/Business Development”. I interned with them the entire year primarily doing grunt analytics work in excel running very basic calculations but I was working with numbers and solving real problems which was more fulfilling than I thought. The next year (summer before senior year) I had multiple internet companies very interested in someone with the exact experience I had. I was still trying to get finance related work but outside of selling insurance there didn’t seem to be anything there. I opportunistically took advantage of that random niche experience I seemed to have. + +I graduated and kept working at the company I interned for. I got more and more involved in the analytics side of things and switched to a bigger company where I could learn more from (As well as after a year of no raises). Each job I invested heavily in the technical side of things, pushing my employer to pay for some training classes and showing them the value from those classes. It started with Excel, then SQL followed by Python. Each leaned on the job in an effort to my current job better so I could focus on the next biggest challenge the company faced. Each time I did this I was involved in hiring my replacement for that role and training them. + +4 years ago I get a call from a recruiter for one of the FAANGs for a Data Science role. I never really considered what I was doing more than data analytics, product analytics, web analytics or even just internet marketing but if the bay area wanted to call me a scientist that was fine with me. This was the biggest salary jump percentage wise of my career. That said I wasn’t kidding myself. I knew rents in the Bay Area were insane and calculated that it would only be a marginal raise. I didn’t factor in how much my salary would continue to increase while holding expenses constant. This allowed for extremely sizable savings the past few years. + +My plan was to that for 5 years and go back to Florida and be one those California assholes who complain about how cheap everything is. That said I extended the “5 more years out here” every year. I have continued to progress into a data science manager and feel challenged by the problems I have to solve every day. I still want out but feel it would be insane to leave this beautiful golden goose in what feels like the absolute best time ever to be in tech. +REPOSTING BECAUSE REDDIT WAS BEING AN ASS AND NOT RENDERING THE PAGE PROPERLY, AND HALF OF THE PEOPLE SAW NOTHING AT ALL------------------------------------------------------ + +# Disclaimer + +I am writing this after watching the panel [video](https://www.youtube.com/watch?v=bR3AHHmCbAI&t=7s) once. Not knowing who anyone on the panel *is*, and not knowing most of the acronyms and terms that were mentioned *were*, I wanted to do some digging and explain some things as best as I understand. + +# Be advised + +The amount of information, publications, and webpages covering this topic is PLENTIFUL, and I've spent the last couple days off and on combing through page after page picking out what I think best fits a Reddit DD, while still providing value. That said, There will of course be a topic, requirement, or something else that I may have missed, but this more than covers the gist. + +\-------------------------------------------- + +# TLDR + +New margin requirements are coming into effect on September 1, 2022. In a process of phases that started in September of 2016, phase 6 is now on the way. This final phase, has the lowest threshold to date, which is $8 billion; a FAR cry from the $3 trillion threshold of phase 1. As such, MANY more counterparties--institutions, hedge funds, family office, etc--will come into scope, where, if the threshold is exceeded, margin calls can happen, on top of the hefty administrative fees and costs associated with exceeding the threshold. + +Moreover, the panel video from November expresses a clear opinion--in a couple of the panelist--that not everyone has been working through the laborious laundry list of preparing to comply, if they have started at all. Which leads me to believe that MANY will be caught of guard September 1, 2022. + +And no, this will not be delayed. This phase was already delayed a year due to Covid, but this is happening in a few weeks, come rain or shine. + +\----------------------------------------------- + +I have seen the below screenshot posted a lot across socials the last few days, and rightfully so. + +However, I have not seen much in the way of explaining some of the nuts and bolts of what exactly is going on. + +&#x200B; + +[https:\/\/www.isda.org\/countdown-to-phase-6-initial-margin\/ ](https://preview.redd.it/y8nfddx4yze91.png?width=1194&format=png&auto=webp&s=0afe4cd45fbdafb2e3637e2e1a41c8d1c19cd6f9) + +Also, a recent panel video on the subject that was recorded in November 2021 was streamed to YouTube on Jul 5, 2022. On this panel were members from financial institutions, law firms, and ISDA itself. The video is 53-ish minutes, but I feel it's worth the watch, for sure... especially if you go through this DD first--should you decide to do so--and then watch the video with the proper context. + +&#x200B; + +[https:\/\/www.youtube.com\/watch?v=bR3AHHmCbAI&t=7s ](https://preview.redd.it/jn42jlabyze91.png?width=968&format=png&auto=webp&s=09ccdca83dc2303a08190d8caa4212159f9c4464) + +&#x200B; + +# Let's start with some key terms + +&#x200B; + +* **AANA** (Average Aggregated Notional Amount): is a gross notional calculation across all uncleared OTC trades per firm, for a three-month regulatory calculation period, to determine the Initial Margin phase that firm is in-scope for.Said another way, per [CME Group](https://www.cmegroup.com/education/navigating-uncleared-margin-rules.html#case), "*AANA is what regulators use to determine whether a firm is in scope for IM in Phases 5 & 6. Asset managers, banks, hedge funds, corporates, pensions and more may be subject to the requirements"* +* **ACA** (Account Control Agreement): Per [ISDA](https://www.isda.org/book/2013-account-control-agreement/), provides market participants with a standardized form of agreement for the segregation of independent amounts for uncleared swaps with an independent third party custodian. +* **CSA** (Credit Support Annexes): Per [Investopedia](https://www.investopedia.com/terms/c/creditsupportannex.asp#:~:text=A%20credit%20support%20annex%20(CSA)%20is%20a%20document%20that%20defines,and%20Derivatives%20Association%20(ISDA)), a credit support annex (CSA) is a document that defines the terms for the provision of collateral by the parties in derivatives transactions. It is one of four parts of a standard contract or master agreement developed by the International Swaps and Derivatives Association (ISDA)[ISDA](https://www.isda.org/countdown-to-phase-6-initial-margin/) gives more insight into CSA's, which they inform us are governance and guidance documents provided to firms for compliance with margin requirements +* "**CREATE**" (or ISDA CREATE): is a platform that provides an efficient documentation framework to automate the creation and delivery of IM documentation, and negotiate and execute IM documentation with multiple counterparties simultaneously while capturing, processing and storing data from these documents +* [**Initial Margin**](https://www.investopedia.com/terms/i/initialmargin.asp) (IM): Initial margin is the percentage of the purchase price of a security that must be covered by cash or collateral when using a margin account +* "**ISDA** [**SIMM**](https://www.isda.org/a/cgDDE/simm-for-non-cleared-20131210.pdf)" (or SIMM®): ISDA Standard Initial Margin Model is a governance framework or methodology that provide users things like timely and transparent dispute resolution and allowing consistent regulatory governance. and oversight +* **NISC**: Newly In-Scope Counterparties +* [**Variation Margin**](https://www.investopedia.com/terms/v/variationmargin.asp) (VM): Paid on a daily or intraday basis to reduce risk, a variable margin payment made by clearing members, such as a futures broker, to their respective clearing houses based on adverse price movements of the futures contracts these members hold.Put another way, VM is used to bring capital back up to the margin level. + +&#x200B; + +# The Panel Members + +&#x200B; + +* [Andrew L. Kayiira Jr.](https://www.edenpointpartners.com/the-firm/).; Founder and Managing Partner, **Eden Point Partners** and Strategic Consultant to **ISDA**Eden Point Partners is a capital markets advisory firm, delivering solutions for institutions operating within the OTC derivatives space. +* [Amy Caruso](https://www.isda.org/about-isda/executives/); Head of Collateral Initiatives, **ISDA** +* [Doug Donahue](https://www.linklaters.com/en/find-a-lawyer/douglas-donahue); Finance Partner; **Linklaters LLP** (Law Firm) +* [Tara Kruse](https://www.linkedin.com/in/tara-kruse-8bb33a8); Global Head of Data, Infrastructure and Non-Cleared Margin, **ISDA** +* [Ed Corral](https://www.linkedin.com/in/edcorral/); Global Head of Tri-Party Repo \[formerly Global Head of Collateral Optimization\], **Morgan Stanley** +* [John Pucciarelli](https://www.acadia.inc/our-people/john-pucciarelli); Head of Industry & Regulatory Strategy, **Acadia** +* [Ted Leveroni](https://www.linkedin.com/in/tedleveroni/); Head of Margin Services, **BNY Mellon** \- Markets + +**Fun Fact** about Acadia; a "*market-leading risk management platform for the derivatives industry*". + +&#x200B; + +[https:\/\/www.acadia.inc\/company\/our-story ](https://preview.redd.it/un99uqzhyze91.png?width=1303&format=png&auto=webp&s=5ec875d70a48ab973bd1a993f0beca2a07fcf2d3) + +(Leaving this nugget here for anyone who wants to do some digging) + +&#x200B; + +# The Topic of this Panel? + +&#x200B; + +[https:\/\/www.isda.org\/countdown-to-phase-6-initial-margin\/ ](https://preview.redd.it/rxapd1woyze91.png?width=659&format=png&auto=webp&s=a674d9924be13e8f6d7af2dae56d9ce94891b7cd) + +'***As of September 1, 2022***\*,\* ***regulatory*** ***initial margin*** ***(IM)*** ***requirements will apply for the first time to hundreds of global counterparties*** ***that*** *belong to a consolidated group for which* ***the average aggregate notional amount (AANA) of derivatives transactions exceeds €8 billio****n,* ***or a similar amount in local currency***\*.\* ***This compliance date is commonly referred to as ‘Phase 6’****, since it is the sixth global compliance date for the phase-in of regulatory IM requirements since September 1, 2016.* + +***ISDA estimates that more than 775 counterparties with an excess of 5,400 relationships may become subject to regulatory IM requirements in Phase 6***\*. More than 800 of those relationships may need to exchange IM in the near-term following September 1, and therefore should be actively preparing at this stage.\* + +***Preparation for regulatory IM is complex and resource intense, involving the bilateral negotiation of new IM documents, the establishment of custodial accounts, and operational preparation for collateral management processing – including margin calculation, margin call communication, allocation, and affirmation, collateral settlement and reporting.*** *It is imperative that a group of counterparties that anticipates it will exceed the AANA threshold for Phase 6 and is likely to exceed the IM threshold of €50 million (or similar in local currency) notifies its counterparties and begins preparation*.' + +&#x200B; + +# Onto ISDA + +&#x200B; + +[https:\/\/www.isda.org\/ ](https://preview.redd.it/j9gn7100zze91.png?width=311&format=png&auto=webp&s=77e9152b40b584aa76c10e3d0aa3e1f3a1ae4802) + +&#x200B; + +So, "**Who or What is ISDA**\*\*\*"\*\*\*? + +According to [Investopedia](https://www.investopedia.com/terms/i/isda.asp), the International Swaps and Derivatives Association (ISDA) is a private trade organization whose members, mainly banks, transact in the OTC derivatives market. This association helps to improve the market for privately negotiated over-the-counter (OTC) derivatives by identifying and reducing risks in that market. + +&#x200B; + +For a more "ape friendly" explanation, let's revisit The Big Short. + +&#x200B; + +[The Big Short ](https://i.redd.it/szj0z9s2zze91.gif) + +As we learned from this now infamous scene of the 2015 smash hit--now cult classic and "must watch" to retail investors alike--in order to "sit at the big boy table", you need an ISDA \[agreement\]. + +&#x200B; + +"**What is an ISDA Agreement?**", you ask? + +Per [Investopedia](https://www.investopedia.com/terms/i/isda-master-agreement.asp), **an ISDA** Master **Agreement** **is** the standard document regularly **used to govern** over-the-counter **(OTC) derivatives transactions** **and outlines the terms** to be applied to a derivatives transaction between two parties, typically a derivatives dealer and a counterparty. + +&#x200B; + +**TLDR**: An ISDA agreement gives an institution/firm/entity the ability to make significant sums of money by engaging in off-exchange transactions on derivatives and swaps. + +[BNY-Melon](https://www.isda.org/a/YPngE/BNY-Mellon-Custody-Documents-Available-on-ISDA-Create-Press-Release.pdf) informs us that "**ISDA has over 960 member institutions from 78 countries**". + +&#x200B; + +**"So, this change is coming from ISDA?**" + +No. As reported by [ISDA](https://www.isda.org/a/D6fEE/ISDA-SIFMA-Initial-Margin-Phase-in-White-Paper-July-2018.pdf), "*the* ***Basel Committee on Bank Supervision and International Organization of SecuritiesCommissions (BCBS-IOSCO)*** *developed and finalized their Final Framework on MarginRequirements for Non-Centrally Cleared Derivatives (BCBS-IOSCO Final Framework), which sought to establish international standards for such requirements*..." + +&#x200B; + +# Okay, so "What's all this 'Phase 6' talk"? + +&#x200B; + +Great question. However, before we discuss *that*, we must first discuss another acronym; **UMR**. + +&#x200B; + +[https:\/\/www.isda.org\/2018\/07\/19\/initial-margin-for-non-centrally-cleared-derivatives-issues-for-2019-and-2020\/ ](https://preview.redd.it/2jipa0kazze91.png?width=1326&format=png&auto=webp&s=69bd2878ce887cc20d610649ab351666233ec1ea) + +&#x200B; + +In short, [Uncleared Margin Rules](https://www.isda.org/2018/07/19/initial-margin-for-non-centrally-cleared-derivatives-issues-for-2019-and-2020/) (or UMR) were created to address the OTC derivatives market--and its participants-- in the wake of the global financial crisis (GFC) of 2008-2009, implementing new margin requirements for non-centrally cleared derivatives. As to not stun the market, and to allow for members to comply with what the ultimate changes of these new rules would become, these rules were "phased in". + +Starting in 2016, we are *now* at a precipice where Phase 6 will be going into effect September 1, 2022, some 4 weeks and 5 days away ; or 23 trading days, if you want to be more exact. + +&#x200B; + +According to [FinServConsulting](https://www.finservconsulting.com/2019/12/umr/), + +"***The phased thresholds for UMR means that, with each Phase, more and more In-Scope Counterparties will be affected and has been the source of some consternation among market participants***", and that "*in 2018, market regulators postponed the last two Phases (4 and 5) by one year. The Phase 4 compliance date was originally September 2018 and was moved to September 2020. The Phase 5 compliance date moved from September 2020 to September 2021*", and "*in addition to the notional thresholds, IM is required to be posted between counterparties where there is a consolidated threshold of $50mn USD or $50mn EUR*". + +**TLDR**: Going back to September of 2016, a new set of initial margin rules came into effect. Because the first phase had had the largest AANA threshold--set at $3 trillion--there were few counterparties who came into scope--or met the requirements--which explains why we're only really hearing about this now. + +&#x200B; + +For context, the below graph illustrates the progression of counterparties coming into scope through these phases as the UMR reuirements have changed + +&#x200B; + +[https:\/\/www.cmegroup.com\/articles\/2022\/capital-efficiency-and-listed-equity-derivatives-take-center-stage-for-final-umr-phases.html ](https://preview.redd.it/5erbdzzdzze91.png?width=1114&format=png&auto=webp&s=b99583f8e6345a0cd42deb37ba7a0b3c50c2601b) + +&#x200B; + +With Phase 6 on the way, the "scope" has SIGNIFICANTLY reduced, from a staggering $3 trillion in phase 1, down to a "measly" $8 billion for US counterparties. + +&#x200B; + +We *also* know that, while [only a small number of firms have been impacted by Phases 1-4](https://www.cmegroup.com/education/navigating-uncleared-margin-rules.html#resources), the process to comply with Phases 1 - 4 was no walk in the park. + +In the conclusion of their **ISDA SIFMA Initial Margin Phase-in** white paper in July of 2018, [ISDA](https://www.isda.org/a/D6fEE/ISDA-SIFMA-Initial-Margin-Phase-in-White-Paper-July-2018.pdf) tells us "***Large dealers spent two to three years*** *building out their data, systems, and organizations to support regulatory IM calculation and maintenance* ***for 2016 Phase 1 go-live***. *In the six months prior to September 2016, the Phase 1 firms struggled* ***to finalize CSAs, custodial agreements, collateral schedules, collateral and netting opinions***\*, perfect security interests and establish accounts with custodians. These difficulties existed even though the first phase involved comparatively fewer entities (approximately 100 counterparties for each dealer)\*". + +&#x200B; + +Additionally, we know that the final phases of UMR do not get any easier \[in execution or application\], with Phase 6--which is almost exclusively buy-side focused, according to [Bloomberg](https://www.bloomberg.com/professional/blog/uncleared-margin-rules-what-you-need-to-know/)\--expected to bring its own challenges. + +[ISDA](https://www.isda.org/a/D6fEE/ISDA-SIFMA-Initial-Margin-Phase-in-White-Paper-July-2018.pdf) tells us "*The final phases of IM phase-in pose a substantial challenge for market participants, third-party service providers and the market as a whole. Readiness requires detailed discussion and close collaboration across firms, regulators and other stakeholders in an extremely timely manner*". + +[ISDA](https://www.isda.org/a/YPngE/BNY-Mellon-Custody-Documents-Available-on-ISDA-Create-Press-Release.pdf) *also* tells us “*Phase six will undoubtedly be a challenge for our entire industry*..." + +&#x200B; + +# A look at the Phases. And, no. We're not talking the moon... not yet, anyways.. wink + +&#x200B; + +[https:\/\/www.finservconsulting.com\/2019\/12\/umr\/ ](https://preview.redd.it/zpvs8p2kzze91.png?width=920&format=png&auto=webp&s=61a72e2bee2afda8d463dce2df28effd2ccca036) + +&#x200B; + +[https:\/\/www.isda.org\/a\/D6fEE\/ISDA-SIFMA-Initial-Margin-Phase-in-White-Paper-July-2018.pdf ](https://preview.redd.it/zyr67qzlzze91.png?width=1090&format=png&auto=webp&s=3cd1beec0d5bc53e8e5247dd854fd80d60c221f6) + +&#x200B; + +# That all seems pretty intense, but.. What does it mean? + +&#x200B; + +Recall from our key terms earlier that AANA is used to determine if a firm is in scope. Once a determination of whether or not someone is "in scope"--which could be assets managers, banks, hedge funds, corporations, pension funds, family offices, etc--the firm is now required to comply with UMR Phase 6. + +Once September 1st comes around, some **775 counterparties, with an excess of 5,400 relationships** will be at risk of being in scope for UMR Phase 6, which means--and this is where I *may* misinterpret something in translation, so someone please correct if I am wrong--once a threshold is agreed to--presumably, this means, once a counterparty enters into an agreement or a transaction that falls under these guidelines--counterparties need exchange initial margin when the $50 million threshold is exceeded. Recall from earlier that initial margin is the percentage of the purchase price of a security that must be covered by cash or collateral when using a margin account. + +According to [Bloomberg](https://www.bloomberg.com/professional/blog/uncleared-margin-rules-what-you-need-to-know/), "t*he main challenge faced by traders is staying beneath the $/€50 million initial margin threshold,* ***since exceeding that threshold comes with significant costs and cumbersome legal and custodian requirements***". + +&#x200B; + +# Who is subject to U.S. non-cleared margin regulations? + +&#x200B; + +[A party trading derivatives products covered by these rules may be subject to requirements to exchange variation margin (VM) and IM.](https://www.isda.org/a/mUFTE/AANACalculationUS_4.6.21.pdf) + +"*In general, the U.S. rules apply directly to registered swap dealers (SDs) and major swap participants and indirectly to “financial end users”. If a financial end user has an AANA of in-scope, non-cleared derivatives transactions greater than USD 8 billion, then the IM requirements will apply (in addition to VM). (The U.S. rules use the term “material swaps exposure” to refer to an AANA greater than USD 8 billion.*)" + +&#x200B; + +# More on margin. + +&#x200B; + +[CME Group](https://www.cmegroup.com/education/navigating-uncleared-margin-rules.html#case) provides us a nice standardized initial margin (IM) schedule; Seen below. + +&#x200B; + +[https:\/\/www.cmegroup.com\/education\/navigating-uncleared-margin-rules.html#case ](https://preview.redd.it/czhpq25qzze91.png?width=540&format=png&auto=webp&s=08482214bf8fe195366a2106b5d469a732f65e80) + +&#x200B; + +# This "AANA" seems pretty important. How do you even come up with that number? + +&#x200B; + +[ISDA](https://www.isda.org/a/mUFTE/AANACalculationUS_4.6.21.pdf) provides the 5 following basic steps: + +1. Identify all the legal entities that are part of your consolidated group – each a “margin affiliate” or “affiliate”, as defined in the relevant U.S. rules. +2. Identify the uncleared transactions in all AANA covered products for each of the entities in your consolidated group for each relevant business day during the AANA calculation period. +3. Calculate the total notional amount of AANA covered products identified in Step 2 for each relevant business day during the AANA calculation period. +4. Calculate the AANA. +5. Notify your counterparties. + +&#x200B; + +However, a more robust 7 steps to calculations AANA--covered in "Guide to Initial Margin AANA Calculations--can be found [here](https://go.cloudmargin.com/hubfs/Guide_AANA%20Calculations_2021.pdf?utm_source=im_page&utm_medium=aana_guide&utm_campaign=cloudmargin_content&utm_content=im_resources). + +&#x200B; + +# What kind of derivatives are in scope? + +&#x200B; + +[https:\/\/www.cmegroup.com\/education\/navigating-uncleared-margin-rules.html#tab3Minimize ](https://preview.redd.it/lxuqgj4vzze91.png?width=699&format=png&auto=webp&s=ed1635df0ac1382016292f2bc82502df511d255b) + +&#x200B; + +The above list is not exhaustive, however, for a more complete listing of "What's in scope?", click [here](https://www.isda.org/a/NsWgE/ISDA-In-Scope-Products-Chart_UnclearedMargin_2022June9_distribution.pdf). + +&#x200B; + +# This all seems pretty involved. I bet it's going to be difficult and cumbersome. + +&#x200B; + +Correct. In fact, [FinServConsulting](https://www.finservconsulting.com/2019/12/umr/) made a nice handy infographic with what they see as some of the biggest challenges. + +&#x200B; + +[https:\/\/www.finservconsulting.com\/2019\/12\/umr\/ ](https://preview.redd.it/fywh8i1zzze91.png?width=914&format=png&auto=webp&s=941769a7db811ab85064cc6e0182dba46e468b12) + +&#x200B; + +# ISDA's [white paper](https://www.isda.org/a/D6fEE/ISDA-SIFMA-Initial-Margin-Phase-in-White-Paper-July-2018.pdf) on the subject even has lots to say about the difficulties around UMR and provides some caution for newly in-scope counterparties + +&#x200B; + +**TLDR**: Preparing for, complying with, and executing proper IM under the new UMR framework will be extremely difficult in the *BEST* of situations and conditions. Those who were not proactive and started late and/or have not yet started......will be up a creek with no paddle should they exceed thresholds and get Marge knocking on the door + +&#x200B; + +* **Larger institutions** brought into scope for IM **in earlier phases were able to absorb the implementation timeline**, build and costs of compliance **in a manner that NISCs for the final phases may not** +* Considering the significant and far-reaching preparations required for the final stages of IM phase-in, NISCs, custodians, middleware providers, counterparty swap dealers and regulators, among others, must engage in immediate dialogue and planning. **Even with the prompt development of implementation plans, effective compliance may not prove achievable for many NISCs**. +* Material operational enhancements will be required, including: in-scope trade identification, synchronization of IM calculations for operational requirements (e.g., time zone effects, **collateral delivery cutoff times, T+1 settlement**), modified workflow related to the implementation, associated testing of the ISDA Standard Initial Margin Model or ISDA SIMM (SIMM) and grid-based calculators, collateral management and funding, standard risk file creation and dispute management processes and collateral funding/management at segregated custodial accounts +* Should NISCs delay final preparations, they will require the attention of key infrastructure components (e.g., dealers, custodians, middleware vendors and consultants) at the same time, congesting industry resources and creating compliance bottlenecks +* Each NISC must develop the capability to identify which trades in a trading relationship are subject to regulatory IM and which are not. The task is complex, particularly when layered upon the already existing calculations for VM (inclusive of tracking exempt legacy portfolios) +* Even with careful preparation and proper resourcing, onboarding will be congested, and firms will face multiple bottlenecks considering the number of participants seeking to exchange regulatory-compliant IM +* **To meet** regulatory IM **requirements**, **NISCs will likely require new and flexible sources of liquidity**. The amount of **collateral** required to be **posted** to and **by NISCs may be substantial** regardless of their IM calculation methodology... +* **The form of collateral can raise as many issues** as the amount of collateral. **Custodians** in the US **are reluctant to accept cash**...**If cash is widely adopted**, however, **it creates complications**. Some NISCs may prefer to post securities which they have on hand, such as equities or corporate bonds. **Equities and corporate bonds, however, may present problems** for the receiving party....**Custodians, swap dealers and NISCs may have trouble conforming to the myriad of regulations** governing non-sovereign security collateral...**Securities may also pose difficulties** in that they are often subject to settlement cycles which may exceed applicable margin settlement requirements +* Phase 1 preparations went to the wire, with many firms working to complete documentation right up to the start date. **Even with the application of appropriate resources, many NISCs will be unable to achieve compliance by their relevant phase-in date** + +&#x200B; + +# What are some of the steps involved for NISC's? + +&#x200B; + +[ISDA](https://www.isda.org/2020/09/16/getting-ready-for-initial-margin-the-steps-to-take/) provides a short--but not exhaustive--list that NISC's will need to check at *least* twice in preparation for IM + +**STEP 1:** Identify in-scope entities early + +**STEP 2:** Make early disclosures to counterparties + +**STEP 3:** Exchange information on compliance + +**STEP 4:** Identify special cases + +**STEP 5:** Establish custodial relationships + +**STEP 6:** Prepare for compliance + +**STEP 7:** Negotiate/execute documentation + +**STEP 8:** Finalize preparations + +\---------------- + +**EDIT**: Shoutout to u/[**shart\_leakage**](https://www.reddit.com/user/shart_leakage/) for pointing out something I completely overlooked making this DD. Prior to her time at ISDA, [Tara Kruse](https://www.linkedin.com/in/tara-kruse-8bb33a8/) was a Managing Director and **Global Head of Credit Derivatives Documentation** at **BEAR STEARNS**!! From 2000 to **2007**!!!! + +[https:\/\/www.linkedin.com\/in\/tara-kruse-8bb33a8\/ ](https://preview.redd.it/0ooo24jhg1f91.png?width=795&format=png&auto=webp&s=8cede2bbbdc078af09da3060e2144e02f75672f1) + +\--------------- + +EDIT # 2: Thanks to u/[**cowboy\_up\_1970**](https://www.reddit.com/user/cowboy_up_1970/) for the great idea of adding ISDA Members to this DD. Something else I also did not think of. List can be found [here](https://www.isda.org/membership/isda-members/). +###There was a gap in Lang & Schwartz data from around 70 minutes to 105 minutes### + +Hello everyone, I again am guest-hosting Diamantenhände while we all eagerly await u/DerGurkenraspler's glorious return. Apes unite around the world to watch the German market carry the torch until US pre-market opens! + +- 🚀 [US pre-market is open!](https://finance.yahoo.com/quote/GME/) 🚀 +- 🟥 120 minutes in: **$305.42 / 250,60 €** +- ⬜ 115 minutes in: $306.52 / 251,50 € +- 🟥 110 minutes in: $306.52 / 251,50 € (back to Lang & Schwartz) +- 🟩 105 minutes in: $307.01 / 251,90 € (Tradegate.de) +- ⬜ 100 minutes in: $306.82 / 251,75 € (data source not updating) +- ⬜ 95 minutes in: $306.82 / 251,75 € (data source not updating) +- ⬜ 90 minutes in: $306.82 / 251,75 € (data source not updating) +- ⬜ 85 minutes in: $306.82 / 251,75 € (data source not updating) +- ⬜ 80 minutes in: $306.82 / 251,75 € (data source not updating) +- ⬜ 75 minutes in: $306.82 / 251,75 € (data source not updating) +- 🟩 70 minutes in: $306.82 / 251,75 € +- 🟩 65 minutes in: $306.46 / 251,45 € +- 🟥 60 minutes in: $306.34 / 251,35 € +- ⬜ 55 minutes in: $306.40 / 251,40 € +- 🟩 50 minutes in: $306.40 / 251,40 € +- 🟩 45 minutes in: $306.09 / 251,15 € +- 🟩 40 minutes in: $305.55 / 250,70 € +- 🟥 35 minutes in: $305.42 / 250,60 € +- ⬜ 30 minutes in: $305.67 / 250,80 € +- 🟥 25 minutes in: $305.67 / 250,80 € +- 🟩 20 minutes in: $305.73 / 250,85 € +- 🟥 15 minutes in: $305.67 / 250,80 € +- 🟩 10 minutes in: $305.85 / 250,95 € +- ⬜ 5 minutes in: $304.02 / 249,45 € +- 🟩 0 minutes in: $304.02 / 249,45 € +- 🟩 US close price: $300.00 / 246,15 € *($303.16 / 248,74 € 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 1.21876756. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +I'm not trying to permanently take over this tradition, just keep it going for fun on days when u/DerGurkenraspler doesn't start the thread at the normal time. They have been unexpectedly absent recently, but I will gladly bow out of this role when they resume updates. Many apes are concerned for our German friend. While I have not heard directly from u/DerGurkenraspler, I have heard from someone who had been in contact with them previously that it seemed likely that they are okay, but have some external factors that they need to focus on. +I’ve been sheltered all my life and all I’ve learnt how to do is study. I just got my first job and realised how much I don’t know from talking to other people and it scares me. I don’t know anything about bank accounts, taxes, shares, medicare, how to go to the doctors, how to pay bills, basically I don’t know anything that’s not been taught at school and uni since I’ve had people doing it for me all my life. I know it sounds pathetic but is there anywhere I can learn these things online? I’m too embarrassed to ask anyone in real life + + +EDIT +Wow I didn’t expect this to get so much attention. Thank you so much to everyone who has taken the time to reply and message me. I’ll definitely read every comment and message and make the most of everyone’s advice, thank you! +This afternoon got my 3rd call, plus 2 emails (in a 6 week time period), from a "Relationship Manager" at Fidelity. Spoke with them the first call and told them I have a specific plan for my investments (quite a lot of GME left in my 401k--the rest of my money went to shares that have already been DRS'ed) and don't need any of their help, thanks for the call. Done deal, right? A couple weeks ago, I got another call, telling me they want me to come in and discuss my investments. I let it go to VM and didn't respond. Followed that up the same day with an email and a link to the guys calendar, saying they NEED me to set up a time to come in. Ignored that as well. Today I got another call on my VM saying they need me to come in for an "account review to make sure I am meeting my financial goals". + +I've been at Fidelity for a long while. Have had quite a lot of money invested with them for years. Never have they called me to offer their services. Hhhmmmmm. Wonder what has them so nervous? + +DRS what you can so we can get this damn show on the road. LFG!!!!!!!!! +I have been working for the family for a few years. In 2018, my boss told me she claimed me on her taxes that year for child care, she hadn’t done this previous years. I asked her if she had a 1099 for me and she said no. I trust her and I don’t know a lot about taxes so I filed my 2018 return and it was rejected. I wasn’t able to figure out why. + +Fast forward to now, I was doing my 2019 tax return and was consulting with a TurboTax employee on the phone. The consultant said that since I didn’t receive a 1099, I could claim the money as self employment. Which means I have to foot the bill for the taxes withheld, social security, Medicare etc. This came out to two grand. + +I’m confused because I know they claimed me as a household employee, this is what they told me and they asked for my social. I read that legally they were supposed to withhold the taxes themselves and pay unemployment fees. And I was supposed to receive a W-2 or 1099 from them. + +Is it possible for them to claim me without having to pay those taxes and fees? Is it my responsibility to pay the two grand? + +The sources I have found say that a “nanny tax” is the employers responsibility and negligence can result in criminal charges. I haven’t confronted my employers yet, I don’t want to sound any alarms if there is no reason to. +\*\*\*\*\* I am NOT a financial advisor & this is NOT financial advice. Take everything you read, see, or hear with a grain of salt. Verify it ALL with your own DD & come up with your own conclusions! \*\*\*\*\* + +TL;DR - New rules #801 & #002 MAY be working their magic. JP Morgan is going to do intraday checks with all the hedgefucks that use their funds to "invest" and make sure they meet the MINIMUM daily SLD requirements. + +If they can't, the DTCC can LIQUIDATE their assets to cover their short positions until they do. They can also "block" any "member" that they deem is a "liability" to the DTCC, SEC & basically the rest of Wall Street. + +The DTCC can force ALL members to help cover any "debts" that any of these "liable" companies may incur through their "actions". 😉 + +Oh yeah, I'm fucking jacked to the tits! See you beautiful APES on the MOON soon 🚀 🌕 + +\----------------------------------------------------------------------- + +Here we go! + +I just posted about this: + +[https://www.dtcc.com/-/media/Files/pdf/2021/7/13/15625-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/7/13/15625-21.pdf) + +https://preview.redd.it/3rj5adcjw4b71.png?width=2121&format=png&auto=webp&s=c064e228b21a08b22431b163412af52692f606a5 + +This is one of JP Morgan's account with the DTCC. Apparently there are reports of them having like 30 accounts. Ok that's fine, I don't dispute that ***statement*** unless I can prove it otherwise. But the fact remains that one of the accounts is closing down. So we can agree on that simple fact. + +\*\*\*\*\*EDIT 7/15/21\*\*\*\*\* + +Found out that JPMorgan only had their accounts "retired" by the DTCC only 2 times in HISTORY! + +&#x200B; + +https://preview.redd.it/hw330ertngb71.png?width=3842&format=png&auto=webp&s=b363e20b104d7297931e9652a9d4058a58db1478 + +I've seen people claiming, "It's nothing! Business as usual!". + +Really? Business is as usual when only 2 of your accounts has EVER been closed according to [DTCC.com](https://DTCC.com) records? Both recent too! + +I believe the "Canada" retired account was in connection with this ruling made recently by the SEC found on the Reg Sho. (Don't quote me on this, I haven't searched to confirm this yet, I think this was jogged from my memory) + +Ummm... Ok, I'm sure you used DD and verified by just simply looking a little "deeper" right? I mean a 5 second search pulled this up. Guess your time is too precious to look? + +Looks like YouTubers are a lot more "news anchors" rather than real "reporters". + +\*\*\*\*\*EDIT\*\*\*\*\* + +I do have a theory, and as with any theory, I can be right or I could be wrong. We won't know unless if someone can dig up verifiable proof to disprove my theory, or ends up truly becoming result of something possibly big. Who knows right now. I just want to share this with you. + +This is the data I dug up and why I feel that this is all connected as it is. You make your own conclusions with everything presented here. + +Now an article released TODAY says this! + +https://preview.redd.it/y08eo6tkw4b71.png?width=3835&format=png&auto=webp&s=9d9cf56329c560258070f0b3384ac16fcd88b57b + +[https://www.risk.net/investing/7853221/jp-morgan-warns-hedge-funds-to-expect-intraday-margin-calls?fbclid=IwAR38LOqoa4u2ErZJ12TYzGw2J2KO7\_iPlZmDW6cZO17GEOwlDufhA6Nug9w](https://www.risk.net/investing/7853221/jp-morgan-warns-hedge-funds-to-expect-intraday-margin-calls?fbclid=IwAR38LOqoa4u2ErZJ12TYzGw2J2KO7_iPlZmDW6cZO17GEOwlDufhA6Nug9w) + +(Gotta pay for their subscription to read the whole article, but just he title says enough) + +What does this remind you of? + +Remember all those little "rules" that we got so excited about not too long ago? + +SR-NSCC-2021-002 in particular? + +Shall we revisit it for just a quick moment? You remember this guy right? + +[https://www.federalregister.gov/documents/2021/05/12/2021-10054/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-designation-of](https://www.federalregister.gov/documents/2021/05/12/2021-10054/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-designation-of) + +https://preview.redd.it/7m2xsqdmw4b71.png?width=3838&format=png&auto=webp&s=e0bad688d1af04491113966192c927d9ac1b9e1b + +Yeah, this is the one that increases the SLD minimum requirements right? + +Also remember this little guy? + +SR-NSCC-2021-801? + +[https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801-Approval-Notice.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801-Approval-Notice.pdf) + +&#x200B; + +https://preview.redd.it/thendwnsw4b71.png?width=3842&format=png&auto=webp&s=61b04ef5a917c62d30bb31df98b6b5ca7216dd98 + +Hmm...."Proposed Intraday Supplemental Liquidity Calls" huh? + +Yep that's right, this allows them to check on hedge funds to ensure that they are within the daily minimum SLD requirements. According to JP Morgan, they're gonna check up to 7 times a damn day to ensure these hedgefucks are able to "reasonably" cover their short positions! + +Don't forget the part that ALLOWS the DTCC to "block" members of the party in the event they do things to become a liability to the DTCC, SEC, & other financial enforcing entities. They will be pushed out like black sheep to have them take care of their own fucked up "business" they have made for themselves. + +Also another fantastic rule they put in place to protect themselves from these "liabilities" is allowing them to force upon other DTCC members to "share" in the debt responsibility if any should ever occur 😉 That way not only "one" member is responsible, but ALL of them will be held responsible to pay the debt of the "offending" party! + +\*\*\*\*\*\*\*\*\*\*\*\* + +EDIT: + +Even though I couldn't confirm any other source of the [Risk.net](https://Risk.net) article, I did find this: + +[https://www.cnbc.com/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html](https://www.cnbc.com/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html) + +&#x200B; + +https://preview.redd.it/drf4doaex4b71.png?width=3847&format=png&auto=webp&s=4f2e90a758ab931f54b1c00216f625d0fc52a92e + +It's no secret that banks are hoarding cash. They know something HUGE is gonna happen and it won't be pretty. So requiring more "liquidity" from their clients makes complete sense. They want to "protect" their "hoards" of cash they're stockpiling right now. + +I don't believe this will be the last we'll hear of this. I can almost guarantee you that this is going to happen with ALL banks soon enough. Just a theory, but keep a lookout for it and remember this post if it comes to fruition soon. + +\*\*\*\*\*\*\*\*\*\*\*\*\* + +Yeah, I know, it's wishful thinking but these are the RULES that have been set into place. Now is this truly the culmination of all of this going into effect? Finally moving the cogs in this system to fix it? Man I hope so! + +If JP Morgan is admitting they're going to do this, who next? BOA, Credit Suisse, etc? + +Either way, **BUY & HODL**! This is the ultimate recipe for our MOASS success! + +Do remember these few things: + +1. Make sure to turn off share lending with your broker. If you have your shares with a "shady" broker (names of which can be found thru various threads here on this subReddit), then make sure to switch to a more reliable one such as Fidelity. +2. Day trading HURTS our cause on the daily. Since there is a T2+ clearing dates on trades, it can give them up to 4 additional days with which hedge fucks like Shitadel can use to cause fuckery with. +3. Don't worry about the price. There is not date but we know from all the evidence we are seeing, the day is coming soon my fellow APE! + +&#x200B; + +\*\*\*\*\*\*\*EDIT #2 + +Thank you so much to [**Luxray0815**](https://www.reddit.com/user/Luxray0815/) **for sharing this!** + +[https://www.reddit.com/r/Superstonk/comments/ojhfk2/this\_is\_the\_jp\_morgan\_warning\_hedge\_funds\_article/](https://www.reddit.com/r/Superstonk/comments/ojhfk2/this_is_the_jp_morgan_warning_hedge_funds_article/) + +&#x200B; + +https://preview.redd.it/2693puukp5b71.png?width=3853&format=png&auto=webp&s=55ee0cc7af029872744bfdd4dc8bc3c940d2c20d + +This is the whole article from [Risk.net](https://Risk.net)! + +&#x200B; + +&#x200B; + +I'll quote it here if you don't wanna go there to read it all. Thanks to that OP for sharing the whole thing. Love the team work of this amazing community! + +&#x200B; + +&#x200B; + +" JP Morgan warns hedge funds to expect intraday margin calls + +*July 13, 2021* + +Author: Nell Mackenzie + +JP Morgan is warning hedge funds clients that it will demand they post more cash at any time during the day if their trades lose value. + +The biggest US bank by assets called clients of its prime brokerage division in the aftermath of the collapse of Archegos Capital Management, according to three people familiar with the matter. JP Morgan told the hedge funds and family offices that they would have to post more collateral on their single-name equity swap positions if they lost value intraday. + +Banks collect margin from hedge funds to cover potential losses if a fund fails. Prime brokerage divisions ask for initial margin when a hedge fund enters a levered position and then give themselves the ability to demand variation margin if the market moves against the client. + +The right to demand variation margin is included in many contractual agreements with prime brokerage units. Hedge funds rarely seek to change them because until Archegos. they were rarely enforced. + +"The JP Morgan standard prime brokerage agreement actually says that they can call you whenever they want for variation margin - like you can get up to seven calls a day" says a head of treasury at a large US hedge fund. "It's up to you to negotiate that." A spokesman for JP Morgan declined to comment. + +The default of Archegos at the end of March triggered losses at multiple investment banks, including a mammoth $4.7 billion loss at Credit Suisse, which collected less margin from Archegos than the likes of Goldman Sachs and Deutsche Bank. + +None of the hedge funds that [Risk.net](https://risk.net/) spoke to have received intraday variation margin calls from JP Morgan, but they all fear that they will have to pay up in the future. The chief financial officer of one US hedge fund says that he was shocked when JP Morgan said it would exercise its legal right to make margin calls multiple times a day. + +"I have worked at small firms and multi-billion-dollar firms and this was a first", he says. "I was surprised to hear this." + +Prime brokers that provide leverage to hedge funds collect two types of margin from clients: initial margin, which is set periodically based on the credit risk posed by the fund; and the variation margin, which is calculated daily and covers mark-to-market losses. + +In prime brokerage, initial margin is primarily based on counterparty credit risk - the chances of a client defaulting - rather than the risk of individual trades. "Generally what happens is someone assesses the creditworthiness, does the know your customer and anti-money laundering, sets a margin, shoves it into a system completely separate from what's going on with the actual trading floor and never touches it again for another year." says an executive at one of the largest US hedge funds. + +JP Morgan is changing how it monitors risk by calculating variation margin throughout the day, a practice called real-time margining that it had begun developing even before the Archegos' spectacular collapse. + +The bank previously called clients for additional margin at the start of each trading day. It is now asserting its right to demand additional margin between daily calls. If a client's positions lose value over the course of the day, JP Morgan may decide that it needs more collateral immediately. + +A fund manager at the US hedge fund gives an example. "If we short something at $5 million and it appreciates to $10 million, the margin requirements would be based on that $10 million market value." he says. + +JP Morgan did not lose money on Archegos, but the family office's implosion has forced banks to look again at the risks in their primer brokerage units. Other banks have taken similar steps, though some have reached different conclusions. + +Credit Suisse, which had more than $10 billion of exposure to Archegos when it defaulted, relied on a 'static' margin methodology to set collateral requirements for the family office, although it had planned to introduce what it calls "dynamic margining" by the summer of this year. A Credit Suisse spokesman declined to comment. + +Two weeks after Archegos' failure, Bank of America called a UK hedge fund manager about his single-name equity swaps. The bank said it would not make multiple margin calls in a single day even though its standard terms and conditions give it the right to ask for extra collateral in between daily scheduled meetings. + +A spokesperson for Bank of America declined to comment. + +Bank of America also lost no money when Archegos failed. A consultant who works with the big prime brokerage businesses says the banks' differing abilities to calculate the risks run by their clients explains why some incurred multi-billion-dollar losses while others were unscathed. + +"It is a difference in capability." says the consultant. "Some banks can do all of this in an intraday system. Some of the other firms end up getting pushed around by the client. They give them the benefit of the doubt - and maybe for a little bit too long." + +&#x200B; +This is a post for all to help teach newbies to learn the language of the pumper. Pumpers are shit. They make bold statements about stock prices and encourage uninformed retards to blow their tendy creation capital on dog-shit stocks. Their reasons are unknown but it is clear that they are attention seeking jag-offs and may live under a bridge. + +Here are some pumper phrases. Please add some that you have seen in your time or share a time that you fell for the lies of a pumper. Let's have some fun with this and teach our new ASX_Bets family members what to look out for: + +"Leaky ship!" + +"On a run!" + +"Guaranteed $xxx by end of Monday." + +"Ann due Thursday." + +"NOPTA approval DEFINITELY coming Monday at 9:59am!" + +"Drill results due! Will be positive" + +Trial result announcements from DXB. +GRR - Let’s make some money. + +Ok so, this is my first time posting a DD. Others have posted about GRR before but I just want to give my 2 cents(that’s the amount of the dividend for anyone not in the know) + +GRR - Grange Resources Limited. + +Firstly they are an iron ore miner and pellet producer. + +Unlike many of the shares you see on here, they actually make money. Yes, you heard me, a company that is NOT all about future growth or drill results. Ok, so why are you buying this and how is it going to make you money? The company is massively undervalued at the current price even without including the iron ore rises this year. + +All ratios and fundamentals are taken from simply wall street. +Current Share price : $0.52 +(Up 25.3% last week) +PE Ratio : 2.9x +Industry average PE : 12.9 +PB Ratio : 0.8x +Industry average PB : 2.8x + +Now these two alone make this an absolute no brainer. PE Ratio, seriously wtf? For all you noobs that means that for every $2.90 at the current share price. It makes $1 in a year. This pe is so low that I’m actually going to double check it later because 2.9pe ratio is not even a thing. PB ratio shows us that the shares are still worth less than the book value, pretty rare for a company that actually makes good money. I can keep producing different ratios but they all show the same thing. The share price is majorly undervalued. + +Now, short term, the iron ore price was up again Friday and the Aussie dollar has dropped back down again. We want the Aussie dollar to be low and the iron ore price to be high cause the price per tonne is in USD. + +New conveyor system. Late last year GRR put in a new conveyor system which cools the iron ore pellets differently to produce a higher quality product. This gives them a premium on the price of iron ore. This didn’t get installed until November. So the premium they are going to get on their price because of this new conveyor is not really included in the current reports. + +Furthermore the reports we have are all from jan 2020 - dec 2020. These do not really reflect the higher price of iron ore. As the iron ore price was still around $120 US a tonne at the end of November. At the close on Friday it’s currently at $172.71 US a tonne. This tells us that the higher iron ore price is not even a factor as to how much money this company can make. Even if you are bearish about the iron ore market, I really don’t think that plays a factor at this stage. I’m very bullish about the iron ore price personally. I can write a seperate post about it if enough people would like. But it’s way too long to include here. With the iron ore price at current levels this means even bigger profit for 2021. + +Dividend: GRR announced on Friday that they will be paying a $0.02 dividend with an ex date of Friday the 12th of March. So that means in two weeks time you will get a dividend of approx 3.85%. This is half yearly also. But I expect that if the iron ore price stays high that this will be in the $0.03 range for the second half of the year. If it is, then that would be around 9.62% return in fully franked dividends within 6 and a half months from now. Even if the dividend stays at 0.02, it’s still 7.69% on your money fully franked in 6 and a half months. + +I can keep going on about this all day. But I’m going to try and leave this as short as I can. + +Why am I posting this? I would like your combined brains to either tell me why I am wrong? Or get in on this action. Way too many people on here lost money last week when they really shouldn’t have. + +I’m thinking the price will go to around $0.80-$1.20. + +TLDR : GRR rocket go brrrr🚀🚀🚀 + +21 rocket salute : 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Disclaimer: I am currently holding more GRR than I normally put on any one company. In fact the only thing I have ever put more on was FMG. + +This is not financial advice, this is all just my opinion. Prove me wrong and I will be happy to sell my position and get out now. + +PS don’t put more in shares than you are willing to lose. +Hi everyone bob here, + +While I'm still tinkering with some other theories, this ~~came across my desk~~ was shared with me outside the Wendy's I frequent, and BOY was it tasty! + +&#x200B; + +https://preview.redd.it/610lcdxvqjq81.png?width=600&format=png&auto=webp&s=e69878ed854457b602113cbce695bc59e8645525 + +First thanks to those wrinkly apes that helped me out with the data here... [u/alert\_piano341](https://www.reddit.com/u/alert_piano341/), [u/turdfurg23](https://www.reddit.com/u/turdfurg23/), and a guy I only know as Kain on discord... + +**Relevant DD**: + +* [There are 71,119,269 MORE Shares Loaned than Returned since July 2017 according to Ortex. One of many smoking guns. BUY, HODL, DRS.](https://www.reddit.com/r/Superstonk/comments/tqsslh/there_are_71119269_more_shares_loaned_than/) +* [u/turdfurg23](https://www.reddit.com/u/turdfurg23/)'s daily posts are BOMB - check them out on the think tank to keep updated with what's happening. + +Ortex data shows shorts never ~~covered~~ closed their positions. What's more, is it looks like we're setting up for a TSLA style squeeze - just much MUCH harder... + +**Let's take a look at a simple calculation for accumulated shares on loan shall we?** + +First, what is **accumulated shares on loan?** Easy, it's the amount of shares that were loaned out and never returned. + +Second, what is **Shares Outstanding**? Easy too! Its simply the amount of shares available (in total) for any given company. For GME, this number is about 76,000,000 right now. + +To put it all together, i analyzed a few different stonks I like, one I don't and also one for a control to the group. I'm looking for just how much of the **shares outstanding (SO)** is **accumulated shares on loan.**.. we'll call this **the percent of SO on loan.** + +AAPL, Apple Inc - Our Control Group + +Looking at our control first, I chose AAPL. We all know the company, and it's one of the largest in the world. So just how much of the **shares outstanding** are **on loan** for Apple, inc? + +[If you guessed under 0.5 percent, you would be correct for most of history.](https://preview.redd.it/870tnu3xqjq81.png?width=3194&format=png&auto=webp&s=3a1e3eeda88514e837ffd6d21af8a59618dcce8e) + +We are only now starting to see AAPL with a heavier (🙄) short interest - methinks due to the market fears and it being a large part of the S&P500. + +Next, let's look at something that squoze recently... Tesla + +# Introducing the long form of squeezing shorts - TSLA + +[u/elonmusk](https://www.reddit.com/u/elonmusk/)'s company looks to have experienced (and is still experiencing) a long form of squeeze outcomes. Without splits, that stock is worth a lot more than the price you would pay for a share today. How much more you ask?... well 5x more! That would be like buying TSLA for over 5k a share today. If you're reading this, you are probably **in GME before the stock split.** + +[We're at 30&#37; before the run up started, it hasn't stopped.](https://preview.redd.it/n5j3tssyqjq81.png?width=3192&format=png&auto=webp&s=9660b670406c401a3a24993daf0ca7d552f9beef) + +The short interest is hovering around 15% of shares outstanding - NOT THE FLOAT of TSLA. holy shit that's a lot of eventual buyers.... + +# Other "Meme" basket stocks and the basket itself... + +**Starting with the 🍿 of choice for hedgies...** + +&#x200B; + +[You can even see the position flip! - we're nearing 50&#37;, but the float is UUUUGE, so that will limit any run IMO.](https://preview.redd.it/ug1n67h0rjq81.png?width=2546&format=png&auto=webp&s=3be5a774bf595b4ac6232f1a6150500213e22286) + +Interesting thing I see here is the position flip seems to account for 10% of the SO - so someone flipped, but there is still heavy short interest on popcorn... + +Check out my DD on position flips. I'd link it for you but the mods here are a bit overzealous about linking to content outside their own personal echo chamber. Check my profile for the deets or see it over on the think tank, which by the way is a great fuckin place to find DD if you're hungry for some wrinkles. + +# What about BBBY? RC likes BBBY, (and so do I) ;) + +[about 30&#37; now. Interesting it wasn't as heavily shorted during the sneeze as other stonks.](https://preview.redd.it/ah0ttvf3rjq81.png?width=2862&format=png&auto=webp&s=26199b00531120e2e434ccfd4a5fc94d37afe256) + +What's got me jacked about BBBY is the RC buy in. Dude's a savage. I'd date him. Anyway, I think this will layer in a potential FTD squeeze in early to mid April for BBBY (no the spike after buy in wasnt from him... it was likely FOMO) Hell, i know i fomo'd in like a motherducker. + +# What about the basket of all baskets, XRT? + +[This motherfucker really likes to turn our whole world upside down.](https://preview.redd.it/u9zuh6j4rjq81.png?width=2577&format=png&auto=webp&s=0624ea9f446f93262fe720c7ad3f61a460ab0b8f) + +Data from XRT is from [u/turdfurg23](https://www.reddit.com/u/turdfurg23/)'s research and the help of some other apes providing the short data. + +# Here's VTI for comparison. curious that xrt is ALL negative... + +[some negative SO after the dip in 2008. positive after. possibly from over shorting into the recession?](https://preview.redd.it/vq1uaph5rjq81.png?width=2580&format=png&auto=webp&s=0e565d4474fd9f0f013785acc13088955741b6a8) + +# And now on to my main squeeze (heh) GME: + +[over 100&#37; during the sneeze \(duh\) and at 93.58&#37; right now.](https://preview.redd.it/kc7fylf6rjq81.png?width=2957&format=png&auto=webp&s=e6920fb8017f8537b3693d9a00ba55adf10839a6) + +If you look back and recall the numbers of the example squeeze in TSLA, your nips might be rock fuckin hard right now. I know mine are as I type this out. HOLY SHIT this is gonna be big. + +**TADR**: From here, i think we either MOON like everyone expects us to and we get to witness the Mother of All Short Squeezes, or we run a longer form TSLA style squeeze (but to a larger gain - probably at least 2x (edit: (also remember the 5x split) ) that of TSLA) and realize the Mother of All Long Squeezes (MOALS??) + +u/catsinbranches had this to say about GME which I thought fit here really well: + +>So, here’s an interesting tidbit to consider with this data. There are 71M shares “officially” on loan, and 76M shares. There are also 9M shares (or more) DRSed, and 11M insider shares. +> +>Those 20M shares DRSed / owned by insiders are unlikely to be loaned out… but for 71M shares to be on loan, that means that of that 20M, 15M would have to be on loan AND all of those shares held in brokers that are supposedly “not borrowable” because they’re held in cash accounts, will 100% of those would need to be on loan. +> +>This seems like pretty conclusive proof of naked shorting and /or that shares that are not supposed to be borrowable are actually still being loaned out anyway. + +&#x200B; + +**Shorts never CLOSED, and the squeeze is on - TSLA rise will look like peanuts when we're through!** + +# Speaking of nuts.... Here's how I like to think of the shorts: + +[Get your mayo ready, we're coming for you.](https://preview.redd.it/h5aamth7rjq81.jpg?width=612&format=pjpg&auto=webp&s=51053074ca17cf63d53e5a09d4cfd4d46ae59b3f) + +&#x200B; + +Source Data Sheets: + +* [VTI](https://docs.google.com/spreadsheets/d/1g6iHTiXsn0gEI__XHnQFYt1tgaU7HgX21RTW40p06Ig/edit#gid=439760137) +* [XRT](https://docs.google.com/spreadsheets/d/16i_iqpiWNA3BN4mc6l1Sjq3rB1HIkzclbDAgbzea1Ck/edit#gid=1510637223) +* [Popcorn](https://docs.google.com/spreadsheets/d/1AVV0rRuGnkoWnSyhCx52o44d_FORCb27mRBATwMtZkw/edit#gid=177405281) +* [GME](https://docs.google.com/spreadsheets/d/1GidBv-fykqRih6WfbkEceJgGS1ybE2ZdPNn5ROG26Kc/edit#gid=1528712640) +* [BBBY](https://docs.google.com/spreadsheets/d/1opworWDC0r1uQ8v7fkH3geByNgKaS_VvGG3G1IIOCC0/edit?usp=sharing) +* [TSLA](https://docs.google.com/spreadsheets/d/1HMNh4WG5caJbsOhCssv6yqmzPTeWoCI3XMZxMDNBVb4/edit#gid=2003361305) +* [AAPL](https://docs.google.com/spreadsheets/d/1XtZYgL53sHHs7LdRy3xFQe-dgDPaFlEvxhN4VPwa2GE/edit#gid=0) +I've been trying to understand the current inflationary period, and it sounds like it was heavily driven by the COVID stimulus payments which added to the money supply. If there are other significant factors, please let me know. + +Instead of raising interest rates, why not just sell bonds? If they did sell bonds, wouldn't this reduce the Reverse Repo balance? +Hi there, + +I have been looking for a free course that details the basics of how economics consulting careers work and most importantly how to do economics consulting or break into the field. That is the basics of economics consulting. + +So far even after searching for 3 months I still cant seem to find any such courses. I have searched Udemy, Coursera, Google---nothing what I was looking for. There are a few for Management Consultancy but nothing about Economics Consultancy. Infact some PDF booklets on Economics consultancy are only a few pages and only provide a snapshot of careers there or some vague generalities and not in details. + +Can someone please provide a link to such a course or at least guide me to a resource where I might be able to find something like this? +Not counting *financial panics*, I am aware of the following types of economic crises: + +-depression + +-recession + +-stagflation + +Are there any other kinds? What are they and how do they occur? +Is there a consensus among economists about to what extent should welfare exist ? + +Like what would be the effect of giving everyone healthcare , higher education with living allowances , food , water , basic housing , basic income , government set minimum wage , guarenteed mandatory holidays and Unionization have on the job market ? And in what ways could employers be competitive enough to make people join them ? Would it be through bonuses And all that stuff As someone else here pointed out ? Or would offering all this inevitably reduce job market participation ? +Since we are all gonna be millionaires, including me, i came up with the thought of having a closed one - perhaps a parent - knowing my seed phrase in case something happened to me. + +I know the vast majority of us haven't even shared that they have invested in crypto, waiting to become a millionaire and surprise everyone like a savage. But we have to think responsibly because you never know what can happen. + +This is the only - and i repeat - the only case we should break the number one rule of crypto "Don't talk about Crypto". I just thought i should share this with you guys because it made me re-evaluate some of my beliefs for the greater good of me and my people. + +PS : I am having second thoughts about it. Don't tell your wife. +5 trillion of that was added to the Fed’s balance sheet since Feb. 2020: https://fred.stlouisfed.org/series/WALCL + +401k balances: https://www.ici.org/401k + +—— + +But oh ya, inflation is only happening because the ships and ports and all that jazz. Definitely not also because of the largest instance of debt monetization in the history of mankind. + +This behavior jeopardizes the USD’s status as the reserve currency of the world. + + +Edit: Not saying that expanding the money supply is the only factor driving inflation. Supply chain issues, as we’ve been experiencing, increases inflation. Supply chain issues + expanding the money supply makes inflation even worse; it exacerbates inflation. I’m also not saying it was a bad thing for the Fed to respond as quickly and vigorously as they did. I do, however, think it was a mistake to add 2 trillion more to their balance sheet from August 2020 until now, amid increasing demand pressures and supply shortages. They kept adding to their balance sheet, expanding the money supply, even as the US made it through the eye of its economic storm. + +I also chose 401ks as a reference point to compare against. 9 trillion is hard to conceive of. Thought that a unit of comparison would help. Other comparisons. US GDP = approx. 25 trillion. California GDP = approx. 3.5 trillion. Texas GDP = approx. 2 trillion. NY GDP = approx. 2 trillion. Florida GDP = approx. 1.2 trillion. GDP of UK = 3 trillion. GDP of Germany = 4 trillion. GDP of Mexico = 1 trillion. GDP of Canada = 1.6 trillion. Collective student loan debt in US = 1.5 trillion. +I've never been a big spender, but I am about to graduate college and start at a new job with a great salary. I was planning on living "comfortably" with a new car, a nice place to live (read: large mortgage), a few new toys, and some fun overpriced vacations -- and the normal retirement path to "freedom" at 60ish. + +Luckily, I found Mr. Money Mustache, this sub, and YMYL and have been absorbing as much knowledge about FI/RE as possible, and I've changed my whole plan after some life-changing evenings by myself with some wine and spreadsheets (romance is alive and well). I've realized that **those things I wanted aren't going to make me happy**. So my lifestyle plan has changed drastically: + +I have a cheap, practical car; I'm going to keep it. +My job has no dress code and my clothes are good quality; I'll keep wearing the ones I have to work and everywhere else. +I have a nice commuter bike already; I'm going to live close to work and commute on a bike. +I'm very happy with the lifestyle I've had in college; I'm going to keep living frugally and socially. + +And above all, I'm going to avoid debt, save as much as possible, invest in real estate and build side-hustles, and be on track to retire at a nearly-fatFIRE level by age 40 at the latest, by my excel calculations. + +Even better, I hesitantly brought it up to my girlfriend and she was so happy she almost cried - turns out she's secretly big into Stoicism, and she wants to retire early and travel and bike and not own a clothes dryer. Biggest relationship boost ever! + +I'm so glad this community and the critical mass of knowledge is here and on the blogosphere. **You've saved me 20 years of unnecessary working before I even start my career!** Seriously. Twenty. Years. Hopefully other almost-college-grads can find this community ASAP and have make some life-changing life-plan differences. +Hello, +I am a Greek citizen looking for advice and recommendations. +I recently invested, via Degiro, 1,5k euros in the Greek Bank, by buying shares of the 4 major banks. As you may know, there is new government in Greece which is Conservative-Liberal and the prime minister's goal is to attract investments. So far I am seeing a slight increase (15%) in my stocks in a 2 week period. + +Would you recommend keep investing in Greece with a medium to high risk or preferably move to some etfs for long term profit. + +I am planning to invest ~1,5k/ year with a long term goal. +Smooth, January ape here. I was just looking through a CNBC article this morning (know what the enemy is saying) and I found an interesting tidbit that I don't recall seeing before that might have been what RC was referencing: + + +From [the article](https://www.cnbc.com/2021/07/13/startup-funding-vc-dotcom-bubble.html): + +>“Private financings could soften significantly, as happened in 2001 and 2009,” Sequoia Capital told portfolio company founders and CEOs in a memo reminiscent of its “R.I.P. Good Times” presentation in the 2008 crisis. + +I was curious about the RIP Good Times bit, so I Googled it and found the original presentation [here](https://www.sequoiacap.com/article/rip-good-times) which leads to a dropbox [PDF here](https://www.dropbox.com/s/5db0iwb57zls7k7/RIP%20Good%20times.pdf?dl=0). + +&#x200B; + +[RIP Good Times](https://preview.redd.it/ee0yhm8qeza71.png?width=2130&format=png&auto=webp&s=f3b86db7ae6fa94b5f4d2c53f4aff30fdb4149da) + +It's a presentation from 2008 by Sequoia Capital about how to survive the economic downturn with lessons learned from the 2000 DotCom Bubble collapse. I think it's interesting because one of the first slides is this: + + +&#x200B; + +[From the slide deck](https://preview.redd.it/3ipza9hmdza71.png?width=2332&format=png&auto=webp&s=3d8f475696d4973c8b568c900e6c624e5460ed43) + +Another slide that stuck out to me is this one: + +[First one out, though hurt, might survive](https://preview.redd.it/9lknfwlffza71.png?width=2248&format=png&auto=webp&s=3573aa69dd5479fa34a29f0282ee296ecc001b73) + +History loves repeating itself, huh? We know the similarities between then and now, but I have never seen the comparison before. Might be nothing, but I would encourage everyone to look at the presentation. There are a ton of similarities. + +Here's a potato 🥔 + +🚀 💎 🙌 + +Edit: y'all really love the potato. Paging u/Rick_of_Spades... +&#x200B; + +https://preview.redd.it/iygf2m6bsn671.png?width=1426&format=png&auto=webp&s=b77d8723c7120655a4cffcac95e3be0038896d66 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $200.37 + +&#x200B; + +Open Price: $216.81 + +Daily High: $218.40 + +Daily Low: $197.00 + +Volume: 4.93 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +&#x200B; + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# NSCC-2021-002 Approved + +&#x200B; + +Uhhhh... which one is that again? + +&#x200B; + +&#x200B; + +https://preview.redd.it/loiq69zcrn671.jpg?width=2063&format=pjpg&auto=webp&s=549e3413b2b52b57628c79bad2a308af9cec194f + +&#x200B; + +u/StevetheImpact [made this nifty cheat sheet](https://www.reddit.com/r/Superstonk/comments/o1vquv/tldr_regulations_edition_updated_20210617_to/). + +&#x200B; + +https://preview.redd.it/v2wmxyh4on671.jpg?width=1080&format=pjpg&auto=webp&s=b1a6e609f00826ffa5bb10052edf8da522e73db0 + +&#x200B; + +[Here's a link to the full filing.](https://www.sec.gov/rules/sro/nscc.htm) + +&#x200B; + +&#x200B; + +&#x200B; + +It is APPROVED as of now. It is EFFECTIVE upon listing on the NSCC website, which should happen within 2 business days, meaning Wednesday. + +So the relevant rulling, 006- which was effective immediately upon filing- outlines the timeline of 2 business days. + +&#x200B; + +&#x200B; + +https://preview.redd.it/lvn687d8rn671.png?width=960&format=png&auto=webp&s=7713e4aadedf2aff4d6975740fd0b3b87c674532 + +&#x200B; + +[This comment by u/deadlyfaithdawn helps clarify in simpler terms.](https://www.reddit.com/r/Superstonk/comments/o4xwdw/srnscc2021002_amendment_filed_today_wrinkle_brains/h2jphnt?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +[meme credit u\/bazmataz1380](https://preview.redd.it/pyn0evwfvn671.png?width=640&format=png&auto=webp&s=9a2a8a11d55682ea54ca83a6911b69877dceff4b) + + + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Meet Your New Gamestop President & CEO- Matt Furlong + +^(Former Amazon Executive) + +&#x200B; + +[Matt Furlong, New CEO of Gamestop](https://preview.redd.it/zbm0hky0fn671.png?width=1024&format=png&auto=webp&s=62ce391d44e65bb573c4cc189deb8641c527c2e5) + +&#x200B; + +https://preview.redd.it/2e27izdq9n671.png?width=1081&format=png&auto=webp&s=1509a85fbd927d2a05884f1e0621e9fecb9a5d90 + +&#x200B; + +And with that, George Sherman has officially retired his board position which is effective immediately. However, he will remain the CEO until Furlong assumes the position of President and CEO on July 12th. + +In the filings, Gamestop says Sherman's departure is “not because of a disagreement with the company on any matter relating to the company’s operations, policies or practices.” His exit package is valued at $173 Million after serving the company since 2019. + +&#x200B; + +*Also worth noting- the filing states that Matt Furlong will not be compensated for his Board position. All this means is- the board position is an accompaniment to the paid corporate position of President and CEO, meaning he is compensated as a corporate employee, presumably with a salary and whatever else they negotiated with him upon hiring. In contrast, Ryan Cohen is compensated (in shares) as a Board member. This just clarifies the compensation package given to his position. It doesn't reflect whether he is paid for his work as CEO.* + +&#x200B; + +[Here comes the corporate revolution](https://preview.redd.it/q7rp78e2hn671.jpg?width=980&format=pjpg&auto=webp&s=0e6ef8d5457cf1f20909b8ea7fde2153c1ee633c) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [Secretary of Treasury, Federal Reserve Chairman, SEC chairman & U.S. President walk into a room. Who gets screwed?](https://www.reddit.com/r/Superstonk/comments/o4t64h/secretary_of_treasury_federal_reserve_chairman/) + +&#x200B; + +&#x200B; + +[credit u\/sososhibby](https://preview.redd.it/ud07hjfjpn671.png?width=731&format=png&auto=webp&s=e1ccbd06f5acaf2463e7189e89f8f33d1433922e) + +[Also worth noting, similar meetings were had just before Lehman Bros collapsed on September 15, 2008.](https://www.cnbc.com/2018/09/12/bernanke-paulson-and-geithner-say-they-bailed-out-wall-street-to-help-main-street.html) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A Note from your friendly local Pink Cat ✌💖🐈🦄 + +This is coming from Pink, but let it speak for the entire mod team. + +&#x200B; + +I have seen complaints from moderators of other subs concerning brigading of Superstonk related comments and content in their subs, and they have mentioned escalating the issue if the brigading continues. + +&#x200B; + +**Moderators of Superstonk do not condone this behavior in any capacity or context.** + +&#x200B; + +After seeing the concerns from other relevant subs, the Satori team is currently taking extra steps to seek out this behavior and make sure, if found, that it is terminated via a permanent ban for the user from our community. WE HAVE A ZERO TOLERANCE POLICY ON BRIGADING. + +&#x200B; + +So what is brigading? + +&#x200B; + + "Brigading on Reddit is the observance of a group of people (usually subscribers of a particular subreddit) attacking another subreddit. Brigading will usually be cited if it can be shown that this was organized and/or instigated from subreddit postings and links. " [Link to TL:DR comment on relevant reddit post.](https://www.reddit.com/r/OutOfTheLoop/comments/3dc0r3/what_does_it_mean_to_brigade_a_subreddit/) + +&#x200B; + +Think of Superstonk as Fight Club. What happens in Fight Club, stays in Fight Club. But the number 1 rule of Fight Club...... + +&#x200B; + +**DON'T TALK ABOUT FIGHT CLUB** + +&#x200B; + +https://preview.redd.it/04qtn6c0un671.jpg?width=712&format=pjpg&auto=webp&s=015f4babd94235b3b64fdc6b7ea48585d0c1803a + +&#x200B; + +We are an awesome community built on friendship and support and a common love of the stock. **We comfort those who seek us, we don't seek anyone to comfort.** + +&#x200B; + +&#x200B; + +[Pink is always here for comfort](https://preview.redd.it/k1qeiop5un671.jpg?width=340&format=pjpg&auto=webp&s=6f02f4b7e41f2478b41de18e6f6dedaab83fb105) + +&#x200B; + +So be chill. Stay out of other stock subs, especially the more popular ones, if all you're going to do is spam Superstonk stuff to their members. This action is a punishable offense by the top admins of reddit if proven to be true, ultimately leading in subreddit termination -and besides- we don't play like that. Let's keep it excellent, and keep it contained to our beloved jungle, Superstonk. ✌ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) **🛒** +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) **✊** +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) **🚀** +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) **🦍** +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) **🖍** +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) **🎮** +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) **🌙** +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) **🦧** +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store) 🍌** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop) 📈** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) **💎** + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +https://preview.redd.it/yo5dzwrson671.png?width=1600&format=png&auto=webp&s=a758ac81941c9f831a8e37e31a07b1f2cf5512ee +I see lots of posts about people hitting this or that income goal, or looking for feedback on a growing portfolio. + +Does anyone have an example of what I might call a "mature" portfolio of maybe $1M+ that is strictly providing them with a livable income, without further contributions? + +Seems to me that an ETF, or a selection of ETFs, would be the simplest, but someone in this position probably has a lot of research and experience under their belt. + +I'm basically just wondering what a low-maintenance or hands-off situation would look like compared to maybe some of these we see more often that are still trying to grow and hit certain targets. +Is it okay if I close my covered calls for 40-60% If I can get that decay in 2 days?. + +I've been selling covered calls on PLTR and the premium decay is quite fast and I get the 50% realized in a day or so and I close it and I open a new one looking at the chart and resistance. + +is this okay or should I wait for 80 or 90% profit? +Where is the value coming from? Pure speculation? + +Don't tell me it's the idea that Musk will reshape the world, every car company is now working on an electric vehicle and many can compete with Tesla's products. +Hello everyone, + +This is my first time posting here. I would like input on my current personal finance situation. + +My life situation is as follows: I'm in my early 30s and I live at home with my parents. I live in a HCOL area. My parents marriage is unstable right now and if a divorce happens I feel the responsibility to take care of my mom. My dad has been the breadwinner since I was born and my mother is a house wife. + +That being said, I have a contract job as a STEM major and work for a middle sized company. I can save about 20k per year. My expenses per month is about 1k. + +Here is a breakdown of my finances: +No debt or student loans + +Emergency Fund = 18K + +Checking Acct= $300 + +Roth IRA= 17k + +Brokerage acct 3K + +My long-term goal (4 to 5 yrs) would be to buy a house, minimum 4 rooms. Around my area homes are around $500K and above. I would like to get a 15 yr mortgage. + +Am I on the right track? I know there are a lot of variables but I'm trying to do my best. + *My contract job does not offer 401k for contract employees. + +Edit::: Thanks for your responses. I make about $40/hour and I have about 1 month working. Thank you for the advice regarding my emergency fund. I saved that much because it was a combination of a downpayment and expenses in case my dad left. However, I am considering investing the 18k to my brokerage acct (VFIAX). I am still unsure what the future holds, but I do want to get a permanent position after my contract ends and see what is the best strategy to get home later on in life. +I'm 15 years old and I just started my first job. I'm making $16 an hour and I'm working 3 days a week, 6 hours a day, 18 hours a week. I'm currently only doing 50/50 between checking and savings but I'm soon going to be opening a Roth IRA account, which I'm planning on maxing out every month ($500) + +I don't know much about personal finance, or finance in general. But I'm willing to learn anything I need to learn/do what I need to do in order to ensure I'm financially successful by the time I'm 40 (which is my goal retirement age) + +What should I be doing/learning now at my age? Should I start a business? Should I learn a new skill/new skills? I don't really know anything about investing or finance but I'm willing to learn if pointed in the right direction. + +Ask me anything if needed. Thanks for reading. +I’m 26, and I’ve been able to nearly double my income over the last few months. I’ve set up automatic payments into my Roth. My goal was to be able to max it out. + +I can now comfortably do so. I’m on track to do so. But I’ve just been putting the additional money in savings or blowing it. Usually on food or little getaways. I love to travel. Im stuck between enjoying the extra income and being responsible for later. + +I wanna make sure I’m not shooting myself in the foot here by doing too much. + +My job has a 401k but no match. + +Any thoughts or ideas of where best to put my money now that my Roth is maxed? + +Appreciate the help and insight in advance. :) +I’m 26, and I’ve been able to nearly double my income over the last few months. I’ve set up automatic payments into my Roth. My goal was to be able to max it out. + +I can now comfortably do so. I’m on track to do so. But I’ve just been putting the additional money in savings or blowing it. Usually on food or little getaways. I love to travel. Im stuck between enjoying the extra income and being responsible for later. + +I wanna make sure I’m not shooting myself in the foot here by doing too much. + +My job has a 401k but no match. + +Any thoughts or ideas of where best to put my money now that my Roth is maxed? + +Appreciate the help and insight in advance. :) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). + +One of the most interesting rebuttals to bears pointing out the obvious flaws and bad price action in ARK is “buy the dip because Cathie Wood said this is a 5 year plan”. This sounds great in theory and probably calms the bag holders at night, but realistically it’s horrible advice. + +In 2000 dot com bubble, people who were buying every stock with dot com at the end probably thought it was a good idea. In fact, when the bubble popped and many investors kept averaging down, they probably had the same thought. It’ll go back up in 5 years anyways, right? Wrong. From the peak of the tech bubble, it took the NASDAQ nearly 12 years to return back to where it was. Even if you picked the top of the cream, let’s say Microsoft - MSFT did not return to its peak 2000 price again until 2010. So, saying everything is a 5 year plan and you’ll be a millionaire in 2026 is great, until you’re stuck holding a stock or in this case, ETF, for 10 years in the red. + +What makes all of this worse is that Cathie Wood trades daily. One of the reason indexes tend to go up is because the winners tend to occupy larger and larger percentages of the index over time. For example, there could be a company today that’s only a small percentage of the index but if the company continues to perform strongly and the stock goes up, it becomes a larger portion of the index, thus benefiting the index holder. But Cathie doesn’t let that natural process take place. She constantly sells Tesla on up days to dilute her funds with other stocks, that may not be nearly as strong. This destroys the entire purpose of a 5 year plan. + +Buyer beware on ARK and if you’re a bag holder, probably a good idea to sell. Good luck to all. +Here is my current situation (rounded numbers): + +2-unit house, with $2100/month mortgage/taxes/insurance + +Renting out one unit for $2100/month (under market rent) + Renting out one room for $700 (and split utilities) in unit I live in (also under market rent), so total $2.8k/month in rental income. + +My 9-5 regular job ~100k, my girlfriend ~50k. She currently pays ~850/month for her apartment sharing with her girl friend (in pretty bad shape place since it has not been renovated in a long time compared to mine). + +I would need to get rid off my roommate with $700/month rent for my girlfriend to move in. + +What do you think is fair share she should be contributing? + +----------------------------------------- Update 2 ------------------------------------------ + +1. I live in a state which does not recognize common law status. Thanks for bringing this up though in case it would help someone else. + +2. We've been together under 10 months. + +--------------------------------------------UPDATE 1------------------------------------------------------------- + +Wow, I was not expecting so many replies! Thank you everyone. Few points/responses to common comments below: + +1. Idea of her paying for any repairs in the house has not even crossed my mind. I would be responsible for it all as I'm now 100%. +2. I will have a rental contract in place with her, month to month, as I have now with current tenant/roommate. +3. Market rate for room is $900, hence I mentioned current rent is under market as is. +4. Current roommate cannot stay because 1. She would take over the room (We are fairly introverted so we need our own spaces) 2. We need privacy, 3. Three people would be too much +5. Folks who mention that I'm breaking even so I should not charge her are incorrect-- taxes & water cost alone take a cut. Upcoming and ongoing outside repairs/renovations are needed as well. Hence having current roommate. +Guys, this post may be something trivial for most of you, but is so meaningful to me. I've been trading since 2019 and since then i've burned accounts on accounts, decided to quit and restart many times. For the first time this month after three years i can say i'm profitable, and managed to double my account with about 20 trades. + +Of course i still make some mistake, but i've finally found the strategy that perfectly fits to me, with the proper risk management and all, and HELL IT WORKS!!! I'm very far from being an expert, but the big of the work is done!! + +I still can't believe it after all this time, i'm so happy for this even though it's only a 200$ account. I wanted to share my joy with you, and say to all those who are struggling with trading that it can take time, sometimes it's so frustrating it seems impossible to do it, but with time and observations things just come without even noticing. Brain absorbs and process informations until a critical threshold is reached, then everything comes. You'll wake up one day, have an insight just like me, a new idea, a new mindset, and be profitable. Believe it, keep trying. Take pause if necessary, but never surrender. Thank you for reading!!! + +\*\*\*\* + +EDIT: for those who asked... i trade on BTCUSDT (aka bitcoin), pullbacks and breakout on 15min/1h timeframe. My leverage is 10x, and main focus is having an high Hit Rate. For now i'm applying this self-imposed rules (i think mindset is the real strategy): + +(1) stress out the price action, this mean when you think the price is going up or down and you can finally open, you dont open the position, but wait further confirmations even if this may cost losing an opportunity (this is crucial and traduces in a higher Hit Rate, less fee paid and more reasoned trades, i think this actually is what totally changed the way i trade, and what makes the difference between trading and gambling) + +(2) finding my favourite patterns to trade and only trade them until i master them or feel very confident with them, + +(3) stop-loss isnt my invalidation, just the worst case scenario, i start the trade with a vague idea of how the price should behave and open the position, then if price behavior doesn't convince me i instantly close the position despite the stoploss being higher or lower (long story short, i cut my losses faster than i can) + +(4) watch chart 4/5 times par day for one year, basically mean i will see 1500 charts yearly, even opening just 10% of these means having 150 positions par year; you dont need to watch charts all day, just learn to recognize the big moves you need to trade and you'll be okay + +(5) everyday watch how price action behaved, where you could have opened the position and why, this is very usefull for recognizing future opportunities faster + +\*\*\*\* + +Books read: + +\- trading for a living + +\- the way of the turtle + +\- the visual investor + +\- encyclopedia of chart patterns +Yesterday we had the meeting of most evil people at the house of even more evil people. Bank CEOs met at Capitol hill to testify for various instances. Crypto was not that big on the program but we still had some statemets about it. The most meaningful one was the JP Morgan CEO saying that cryptocurrencies are a "decentralized ponzi scheme", whateer that means... + +So you can see that JP Morgan was speaking full-on against crypto. While their actual actions are something else... Already in 2021 they launched their own Bitcoin fund for private clients and just like other investment banks they were expanding crypto too. + +Either they are trying to behave good in front of the government or they are lying to us. But it's clear that institutions can not be trusted as they will change their opinion according to the people they talk to. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I know a number of the more politically-left in this subreddit are upset about Peter Schiff and Ron Paul getting all the credit for calling a crash. + +I understand that Nouriel Roubini was out there as well, putting his neck on the line, but you simply cannot ignore the fact that both Schiff and Paul were explaining the problems to non-economists. They certainly deserve kudos for trying to warn the public, while Roubini and (to a much lesser extent) Schiller should be applauded for warning other economists (even if they didn't listen). + +I think their target audiences were different, and there's absolutely nothing wrong with that. Also worth noting is that aside from post-Keynesian and Austrian economists, hardly anyone actually referred to what was going to happen as a "crisis". + +Far too much [fraud](http://en.wikipedia.org/wiki/Mortgage_fraud) was going on for anyone to point to one politically-charged point being the issue. You can argue more regulation would have stopped this, but you would be wrong, it was already illegal to do 90% of the things they were doing. You can argue that the Community Reinvestment Act was responsible, but you would be wrong, the vast majority of even **commercial** real estate loans during this timeframe were also bad loans, the CRA was far from responsible for these. + +Put simply, we should stop looking at this like a political game of tug-and-war and instead give credit where it's due. Paul, Schiff, and Roubini deserve whatever credit we can give them for alerting us to what happened. +Finishing up my tax return with H&R Block and was absolutely blown away by one of the payment options. You can either 1) Pay with your credit/debit card or 2) Use your refund to pay...for a small additional fee of $39! This is robbery, right? + +Edit: Thank you for the awards kind Redditors! Hugs and kisses. +Howdy Ape-areenos, + +I just got around to watching the 2 part GME series on HBO MAX titled Gaming Wall Street, and it was refreshing to see our side of the story told authentically after a year of gaslighting by the media. I know that the issue is complicated and it’s hard to create and sustain a captive audience around complex financial instruments. However, it did not sit well with me that I finished the series with no real idea of any tangible, targeted requests that the general public could make to reform wall street. Sending a letter to your senator saying the market is corrupt and it needs reform is simply too vague to take action. It also did not sit well with me that the story ended with the narrator throwing up their hands and saying that maybe Melvin swapped out the liability somehow, and no one really knows what is going on. I think the research done in this sub paints a pretty compelling picture of what happened, and there are signatures of it all over the data that we do have access to. + +I hope that this post sheds more light on these swaps, and allows the broader community to begin to understand what is going on here. This work builds off of some great DD by others in the community, namely u/Zinko83 and u/Mauerastronaut on variance swaps. As with all of my posts, it would not be possible without the efforts of the group of people that u/Gherkinit compiled in the community to investigate the derivatives used on GME. Without the rule documenting, data collecting, and derivative investigating done by this group, I would not be able to write this post. + +Let’s start where the documentary left off. + +# Do the Melvin Superswap + +The documentary ended with a vague notion that Melvin could have swapped their GME short to some unknown secondary intermediate in some unknown way and we simply don’t know what happened. However, there is a clear signature of what swaps were used, when they were opened, and when they expire(d). + +I like to think of the Melvin Superswap as an analogy to the Curly Shuffle from Three Stooges fame. + +[https://www.youtube.com/watch?v=mBiHysKnvGs](https://www.youtube.com/watch?v=mBiHysKnvGs) + +[https://en.wikipedia.org/wiki/The\_Curly\_Shuffle](https://en.wikipedia.org/wiki/The_Curly_Shuffle) + +While all dance moves involve moving your arms, legs, and torso, the Curly Shuffle is such a unique combination of those general movements that it is unmistakable, and the shoe marks left on the floor are pretty strong evidence that a Curly Shuffle occurred. The Melvin Superswap is the same, except instead of leaving shoe marks on the floor, they left a very specific arrangement of put options on the options chain. + +# Welcome to the Family (of Power Law Swaps) + +To understand this signature, I have to introduce some pretty complex financial instruments: Volatility, Variance, and Entropy swaps. There was some great work by u/Zinko83 and u/Mauerastronaut that taught us about variance swaps, and made a case that these swaps were used on GME. These have been used on the market for a long time, but it was only relatively recently (late 1990’s early 2000’s) that financial mathematicians found a way to price and hedge these instruments using the underlying stock, stock futures, and options. Much like the [Black-Scholes model](https://www.cs.princeton.edu/courses/archive/fall09/cos323/papers/black_scholes73.pdf) (1973) provided a way to price options based on the price and volatility of the stock, the equations for swaps provide a way to price these instruments based on both options and stock positions. Fortunately for the reader, you don’t need to have PhD in mathematics to spot these swaps in the wild, when they are created using other derivatives like options! You can learn more about [volatility](https://uu.diva-portal.org/smash/get/diva2:718995/FULLTEXT01.pdf), [variance](https://uu.diva-portal.org/smash/get/diva2:718995/FULLTEXT01.pdf), and [entropy](https://www.math.uchicago.edu/~rl/EQF_gammaswap.pdf) in the linked academic papers. + +These are all part of a family of derivatives called “power law” swaps, and the reason they are described this way is that a large part of the swap can be hedged statically using a basket of options that follow a power law along the option strike. Variance swaps and entropy swaps are unique in that variance swaps follow a power law of -2 and entropy swaps follow a power law of -1. Volatility is a little more complicated, but they can follow a range of power laws between around -0.5 to -1.5. + +Before we proceed too far into the weeds of power law derivatives, let’s take a moment to describe what they are used for and why they might have been useful to Melvin et al. + +# The Melvin Superswap is a Really Short Dance + +Imagine you are really short GME. Perhaps your name is Melvin. The price skyrockets, causing your short position to be so hopelessly blown up that there’s no way you can close it. Wouldn’t it be great if you could take your investment, that is very sensitive to the price of GME, and swap it for an investment that is only sensitive to the volatility of GME, or how much GME price fluctuates each day? Even better, wouldn’t it be awesome if that volatility position could be partially hedged by your existing short position? Yes, yes it would be great. + +This is in essence what a power law swap allows you to do. It allows you to create an investment that only cares about the volatility of the stock, and doesn’t care at all about the price. So if I can just get someone to be the counterparty to a power law swap with me, I can convert my price sensitive short position to a variance sensitive position. Who the hell would take on a trade like that on a meme stock? Sounds super risky right? Well, this is where dispersion trading, originally discussed by u/Mauerastronaut, comes in. There are very big players in the market that profit off of arbitrage between the variance of an ETF and the sum of the variances of the underlying stocks within the ETF. One of these players could simply incorporate this variance swap into a dispersion swap covering a large part of, or even all of, the market. This would allow Melvin to do two things. It allows him and his counterparties to spread their very immediate crisis in one stock out over both time and over many other stocks. This is likely why we see so many other retail based stocks seem to run around the times that GME runs (or should run), like the last OPEX that just recently ended (take BBBY, DDS, and M as examples). + +Okay, so now I hope you see the value of these power law derivatives to Melvin. It allows him to survive another day. But until there is evidence that these swaps were opened, I’m just blowing—as one of my trolls likes to say—shit out of my ass. “So Dr. Ass Shit Blower, what makes you think these swaps were opened on GME?” + +# Altered Swap: Welcome to your DOOMP + +I recently played Altered Beast, an old SEGA arcade game, on the Nintendo Switch and I think of the villain catchphrase every time I hear DOOMP, or Deep Out of the Money Options, on this sub. + +[https://www.youtube.com/watch?v=I075dM\_AZ2g](https://www.youtube.com/watch?v=I075dM_AZ2g) + +So what does it mean that they are hedged with a power law of option strikes? In a word, DOOMPs. These power laws require the purchase of a large amount of DOOMPs, and the number of options at each strike can tell you: 1) that these power law swaps exist, and 2) provide evidence of what kind of swaps exist. An options hedge for a power law swap usually looks something like this: + +&#x200B; + +[A typical example of the options required to hedge a power law swap.](https://preview.redd.it/9l7rprpnktl81.jpg?width=840&format=pjpg&auto=webp&s=7821771ee9f140daefd3f52fa66c8102042d9683) + +Notice that the most striking feature of this swap is that it requires a large amount of DOOMPs! If you look at one example of the DOOMPs during the January Sneeze, you can see clearly that there is a significant portion of the open interest that follows a power law. + +&#x200B; + +[Melvin's got DOOMPs like a truck, truck truck, Shorts like what, what, what, baby hedge your butt \(all night long\). Let me see that SWAAA-AAAA-AAAP...](https://preview.redd.it/zqhl3051ltl81.jpg?width=1206&format=pjpg&auto=webp&s=63a2f847a08c1637859f1378af2e3e250bbdf7b2) + +This is Melvin’s Curly Shuffle: The Melvin Superswap. It’s right fucking there for everyone to see. It’s practically screaming at us. The best part about these power law DOOMPs is that there’s not really a good reason to open them like this for any other reason than to hedge a power law swap! + +# Has the music stopped? + +I took this analysis a step further, and I fit a power law to the put open interest by strike for every day since January 4th 2021 until mid February. Below is a plot of the fitted power law exponent for each day and the 95% uncertainty bounds. + +&#x200B; + +[Bitches be swappin'](https://preview.redd.it/xxat5v6fltl81.jpg?width=1542&format=pjpg&auto=webp&s=d13d84c7e4c05060ed8cb3866bb04d41e17456c4) + +In the beginning of January before the sneeze, there were no power law swaps on the chain, as the exponent was essentially zero. A few days before the sneeze, a large DOOMP position landed on the chain, with an exponent of -1. That signifies a potential entropy swap. In March a large DOOMP position expired, and the chain then resembled a power law with exponent -2. That would be a variance swap. Throughout the year the exponent drags around, but this DOOMP power law persists throughout all of 2021, and still persists despite most of the original DOOMP position opened in Jan 2021 expiring. The interpretation of this data is pretty simple: In January during the sneeze, someone opened power law swaps on GME, taking a position in GME volatility. This volatility position still exists today. + +One puzzling feature of the DOOMPs that I haven’t shown here but has been shown by many on this sub, is that the number of DOOMPs has decreased drastically. Does this mean that the number of swaps have gone down? Not necessarily. There is no requirement that a swap include DOOMPs in the hedge. If they are excluded, it just means that they aren’t hedging at those prices. They no longer expect the price to drop back down to $5, so there’s no reason to hedge that far down and show everyone that the positions are still open. So at this point, we have uncovered their strategy in 2021 just in time for them to change it to something else. New power law swaps within a smaller strike window? Something else completely? We really don’t know. But we are excited to see what new dance moves Melvin creates as he tries to squirm his way off the dance floor. + +tl;dr: Melvin is a terrible dancer. +WASHINGTON, March 7 (Reuters) - The Biden administration is willing to move ahead with a ban on Russian oil imports into the United States without the participation of allies in Europe, two people familiar with the matter told Reuters, after Russia's invasion of Ukraine. + +President Joe Biden is expected to hold a video conference call with the leaders of France, Germany and the United Kingdom on Monday as his administration continues to seek their support for a ban on the imports. + +The White House is also negotiating with congressional leaders who are working on fast-tracking legislation banning Russian imports, a move that is forcing the administration to work on an expedited timeline, a source told Reuters + +**A senior U.S. official told Reuters that no final decision has been made but "it is likely just the U.S if it happens”** + +Oil prices have soared to their highest levels since 2008 due to delays in the potential return of Iranian crude to global markets and as the United States and European allies consider banning Russian imports. + +Europe relies on Russia for crude oil and natural gas but has become more open to the idea of banning Russian products. read more The United States relies far less on Russian crude and products, but a ban would help drive prices up and pinch U.S. consumers already seeing historic prices at the gas pump. read more + +U.S. House of Representatives Speaker Nancy Pelosi said in a Sunday letter that her chamber is "exploring" legislation to ban the import of Russian oil and that Congress intends to enact this week $10 billion in aid for Ukraine in response to Moscow's military invasion of its neighbor. + +A bipartisan group of U.S. senators introduced a bill on Thursday to ban U.S. imports of Russian oil. The bill is getting fast-tracked. + +After Russia invaded Ukraine, the White House slapped sanctions on exports of technologies to Russia's refineries and the Nord Stream 2 gas pipeline, which has never launched. + +So far, it has stopped short of targeting Russia's oil and gas exports as the Biden administration weighs the impacts on global oil markets and U.S. energy prices. + +Asked if the United States has ruled out banning Russian oil imports unilaterally, U.S. Secretary of State Anthony Blinken on Sunday said: "I'm not going to rule out taking action one way or another, irrespective of what they do, but everything we've done, the approach starts with coordinating with allies and partners," Blinken said. + +At the same time, the White House did not deny that Biden might make a trip to Saudi Arabia as the United States seeks to get Riyadh to increase energy production. Axios reported that such a trip was a possibility. + +"This is premature speculation and no trip is planned," a White House official said. + +A year ago Biden shifted U.S. policy away from a focus on Saudi Crown Prince Mohammed bin Salman, who is considered by many to be the de facto leader of Saudi Arabia and next in line to the throne held by the 85-year-old King Salman. + + +https://www.reuters.com/business/energy/us-prepared-move-alone-banning-russian-oil-imports-sources-2022-03-07/ +I started trading to make some extra money to keep up with inflation. I find that I have a knack for it and enjoy it. However, I find myself thinking about it too much and I am prone to addiction. I know that most people go on a downward spiral and loose everything with day trading. For those of you who are successful at it, how do you not get addicted and not let your emotions run your trades. Thanks in advance! +That’s what Charlie Munger, Vice Chairman of Berkshire Hathaway, says of the most famous cryptocurrency, and he also said, “I hate the bitcoin success”. + +He is one of the most successful investors of our time, and his words carry weight. His reasons for hating BTC are debatable but the biggest takeaway is that he hates it. This is a sign of how divided the investing world is on this. Old school traditional investors hate cryptos with a vengeance and group them all together as “stupid investments with no intrinsic value”. + +Years ago, this is what some of them said of internet stocks and the internet. The Internet, at the beginning, was just for “porn and gambling”. That was their complaint then. [For more of my thoughts on his comments, listen to what I said on the MONEYFM89.3 interview this morning.](https://omny.fm/shows/money-fm-893/bigger-picture-takeaways-from-berkshire-hathaway-s#sharing) + +We can debate all day long about the intrinsic value of BTC, but the truth is, there are very few low probability outcomes of it going to zero but many high probability outcomes of it continuing its march higher. + +Cryptocurrencies are more than just Bitcoins. There are decentralised finance (DeFi) cryptocurrencies that are changing the way traditional finance works. Should we be listening to a 97-year old investor on a sector that’s changing finance as we know it? + +Warren Buffet only just bought Apple stocks in May 2016. You tell me how long it’ll take before they come round to the next paradigm. +I started trading to make some extra money to keep up with inflation. I find that I have a knack for it and enjoy it. However, I find myself thinking about it too much and I am prone to addiction. I know that most people go on a downward spiral and loose everything with day trading. For those of you who are successful at it, how do you not get addicted and not let your emotions run your trades. Thanks in advance! +I day trade but recently have had lots of trades where i sell at my target it but then shoots up and i could've made loads more. + +My current strategy is once it hits double my risk i then follow it with a very tight trailing stop. But this often means i dont give it enough room and get stopped out too early. + +My plan is to collect data on multiple methods for 2-3 months and see what works best for my trading strategy. + +Another way i'm looking at doing it is once it hits double my risk i place the stop loss in between the 9MA and 21MA and trail it up. The downside to this one is i'll never take profit near the peak but theres a chance its more profitable in the long run. + +I've never used bollinger bands before but i was considering using the top band as my target. + +does anyone have any suggestions? +I'm a Covid trading baby still learning the ropes. + +I closely follow FB and during this volatile week, I have observed FB has strong support at 255-257 levels and resistance between 260-265. That's at least 3 points of spread between support and resistance. + +And FB swung between these levels like umpteen times during this week. + +BUT BUT, wherever it fell below 260, tell myself "maybe this time it won't take support and fall even further" and don't end up going long. + +I missed so many opportunities because of inability to act despite having conviction. I just ended up buying 1-2 calls (afford to lose limit). But wanted to go big. + +How do you gain confidence "to act when you see opportunity to go big'? +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! + +CEO Matt Furlong + +"Thank all our team members for continuing to bring tremendous focus and intensity to Gamestops mission" + +"We continue to see a customer first culture taking hold throughout our stores, fulfillment center and corporate offices. Maintaining this emphasis on the customer will remain key as we work to grow across categories and new areas" + +"During the quarter we focused on expanding our selections, accelerating delivery speeds, and improving the customer experience" + +"We also made long term investments in our infrastructure, talent and technology. We believe our emphasis on the long term is positioning us to build what ultimately will become a much larger business relative to where we are in 2021" + +"We have also been exploring emerging opportunities in blockchain, NFTs and web 3.0 gaming" + +"With this context in mind, here are a few recent initiatives of note" + +"We continued growing our catalog by growing across consumer electronics, pc gaming and other categories with significant addressable markets. Some of the brands we have established new and expanded relationships with include: Samsung, LG, razor, vizio, logitech and asus. Just to name a few" + +"Sales attributable to these new and expanded brand relationships helped drive growth in the quarter" + +"We also began implementing new assortment strategies within our stores, including PC gaming merchandise across approximately 60% of US locations" + +"With respect to hiring: we kept adding talent across the organization; including specialist with experience in eccommerce, UI, UX, blockchain, operations and supply chain" + +"Over the course of 2021, we have made more than 200 senior hires from some of the top technology companies" + +"We also recently added a new office in Seattle and have identified a new office in Boston. Positioning us within two tech hubs with strong, local talent markets" + +"Having footprints in these cities, will help us attract and retain tech focused teams, will expertise in eccomerce, and other areas" + +"Shifting gears to our fulfillment network, we started shipping orders from reno nevada while increasing shipments from york pa" + +"Our expanded network is continuing to help us improve shipping times to customers across the US" + +"Additionally, we recently announced a plan to hire up to 500 associates at our new customer care facility in south florida. The facility, which is now operational, will be a key part of our new US bases customer care operation" + +"Lastly we further strengthened our financial position by securing a new 500 million dollar ABL facility which closed early in November, which has improved liquidity and terms. The facility provides for reduced borrowing cost, lighter convenance and more flexibility" + +*financial numbers* + +"As indicated in the past, long term revenue growth is the primary metric by which stock holders should assess our execution" + +"Cash and cash equivalence over 1.4 billion, 1 billion more than last year" + +"We continue to maintain a large cash position, even while front loading investments and inventory to meet heightened demand and mitigate the full impact of global supply chain orders" + +No debt + +1.14 billion in inventory + +*financial numbers over* + +"Before wrapping up i do want to quickly reinforce some key points about our go forward operating philosophy. Our emphasis on the top line, stems on our leaderships significant e-commerce experience and believe revenue growth is critical" + +"We believe revenue growth will translate to scale, and market leadership. And from there, scale and market leadership will translate to greater free cash flows over time." + +"Our focus on the long term, means we will continuously prioritize growth and market leadership over short term margins" + +"Ill leave it there for this quarter. As always we appreciate all the enthusiasm from customers, employees and stock holders, who we believe are the best in the world" + +I literally cried when he said we are the best in the world + +edit: i removed my commentary, sorry i was so jacked up. in addition here is the link to the earnings if you want to double check any specific wording https://viavid.webcasts.com/starthere.jsp?ei=1515593&tp_key=9240deb374 +I know what Ethereum is or so I thought until an old friend of mine asked me why is it so much better than other Cryptos. + +This person is good with computers and technologies so he kept asking me more questions about it and my incompetency to formulate good answers made me realise how less I know in proportion to how much time I spend reading posts here and other linked articles. + +So my question is how many of you are in the same spot? + +And if possible, I'd like to know what is the best way to explain what Ethereum is to a typical Indian guy. +Title \^ + +I have a hard time selling sometimes because I noticed that sometimes I sell and it goes back up. Any clear signals you guys know of for reversal? + +&#x200B; + +I completely understand that this isn't a get rich quick scheme and am dedicated to devoting time to learning. I actually have not had a job before and am looking to get one for a stable source. Got any tips for a job to get with short hours since I want to devote a lot of time to learning(I'm fine with low pay, preferably 15$+/hr). I am currently looking at Indeed. + +&#x200B; + +If you have any books(not too long preferably) or videos(I'm a video learner, learn a ton from watching lol) that help improve, let me know! All help is appreciated! + +&#x200B; + +P.S. + +I currently have these on my "channels to watch list": + +* The Boiler Room +* Humbled Trader +* ZipTrader +* Zed Monopoly + +If you have experience with any of these, feel free to let me know! Serious posts only, please! + +&#x200B; + +Hey, so I see a lot of posts about risk management and I know that I should be doing so and am trying to get better at it. Tips in that area would help as well! +[https://www.reuters.com/technology/twitter-revenue-falls-weakening-digital-ad-market-2022-07-22/](https://www.reuters.com/technology/twitter-revenue-falls-weakening-digital-ad-market-2022-07-22/) + + July 22 (Reuters) - Twitter Inc [**(TWTR.N)**](https://www.reuters.com/companies/TWTR.N) on Friday blamed its ongoing battle to close its $44-billion acquisition by Elon Musk and a weakening digital advertising market for a surprise fall in quarterly revenue and a net loss. The results come as Twitter has sued Musk for dropping his offer to buy the company, and is now preparing for a legal showdown in a trial set to begin in October. The deal uncertainty has worried Twitter's advertisers and caused chaos inside the company. Advertising revenue rose just 2% to $1.08 billion, missing Wall Street expectations of $1.22 billion, according to Refinitiv IBES data. Total second-quarter revenue, which also includes revenue from subscriptions, was $1.18 billion, compared with $1.19 billion a year earlier. Analysts were expecting $1.32 billion. "Twitter is now in the unenviable position of convincing advertisers that its ad business is solid regardless of how its court battle with Musk ends, and its Q2 earnings show that the platform has its work cut it out for it to do that," said Jasmine Enberg, principal analyst at research firm Insider Intelligence. +Hi, + +Not sure if this is the correct sub, but yesterday I tried to deposit some cash at my local Barclays branch. It wasn't a lot, just £100. However, the machine kept £10 on the grounds that it cannot 'confirm it's authenticity' and only added £90 to my account. I earn this money from parents for tutoring their children so have no reason to believe the money is fake. + +When I queried this with a staff member, they bluntly told me that the note is fake and the machine is never wrong. I wasn't having it and he eventually went to the back and added £10 to my account because he said he'll give me the "benefit of the doubt". + +I was still a bit annoyed. The only reason I got my £10 back was because I kicked up a fuss, otherwise the staff expected me to just move along. I will definitely be going to the counter next time rather than the self-service machines even if the queue is longer. + +I know it's just £10 but this is about principle. Has this happened to anyone else? + + +**Edit:** many people are speculating my note was a fake, but that's not the issue here. The issue is that the machine 'failed to confirm its authenticity' and that was the end of that. What if it was a genuine error? The bank teller did not investigate further and I never found out whether it was decidedly fake. + +An elderly or more reserved person may be inclined to take the bank teller's word, and the bank would be profiting from these errors. Furthermore, the note was the newer plastic version for which, according to sources in the comments, forgeries don't yet exist. +I'm not sure if I've done something wrong, the agent is dodgy or the property market does move crazy quick. In summary: + +* My partner and I are first home buyers +* We inspected a property on Saturday afternoon - said we were interested and requested the contracts and S.32. +* Spoke to a conveyancer on Monday who said there was a stack of things missing from the S.32 - the levies were out of date, fees were missing etc. to the point of the sales contract possibly being voidable. +* Had a property inspection on Tuesday that found termite and water damage, reparable but considered "major damage" +* Tuesday night we emailed the agent saying we were keen to put in an offer but wanted a copy of the docs missing from the S.32. +* Instead of replying, the agent called on 5 pm Wednesday to let us know that they had an offer from someone else, and if we were interested we'd have to put one in ASAP. Not tomorrow, or in 6 hours, within one hour of our conversation. + +I took his comments with a grain of salt. He said around the $550k mark was a reasonable offer, then called back 30mins later saying if it went to auction it would get over $570k so we should offer high. + +The bloke sold a property with the exact same floorplan in the same building for $565k just a few weeks ago. But that apartment had a far better few (waterfront) and was fully updated - new kitchen, bathroom etc. The one we were looking at had 70s cabinets that were all rotted through, original wiring. It needed a lot of repairs that would cost around $30k - AND we had no idea what the owners corp fees were. + +The agent said the other person had signed a contract and we'd have to sign one too - then the vendor would pick between the two offers. When I offered to send our offer via email he said I should just give it to him over the phone instead. Every time I gave our price and deposit, he'd try to nudge up but accepted the offer when my (male) partner had the conversation with him. I knew there would be pressure, but this all just seemed odd. + +The agent hasn't called us to reject our offer, but the property is now listed as "under offer" so I assume we were unsuccessful. + +I think we could be more proactive in the future - put in an offer conditional to inspection earlier instead of waiting a day or two for a building inspection. But this just felt odd. Is this what buying a property is like? + +Edit: Typo + +Edit: Bonus Question! Is there a difference between the indicative selling price and the advertised price? The advertised price range was $20 - $70k higher than the indicative selling price. +Hello Apes! + +Another ape and I had it in mind to post something like this once again, so here we are! The last time received pretty good reception and seemed to be good for alot of apes, and I'm so glad for that. Not just Ape no fight Ape, Ape Help Ape. WAGMI. + +I’m just acting as the conduit as the user would prefer to remain anonymous. + +---- + +PLEASE DONT LET THIS GET BURIED IN THE HYPE AND RC TWEETS! I hope everyone enjoys their evenings and whatever may be in store, but lets take a minute to make sure that our fellow apes are good! + +Like the title says, I can't believe it's already been over one year of our little sneeze (shorts still haven't covered/closed! Still here holding strong. + +I think today is as good as any day to see if everyone doing okay? Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is mo reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. + +No one or there family should be without. We're all family here. Even if this helps a few people then it's been worth it. + +---- + +I'll add my own TLDR: + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in a specific area, hopefully you can find someone/people to help you not matter where you and they live! Cheers everyone 🍻. + +Use your gut and ape help ape! WAGMI +Hey there thetagang, hope you are all having a great day/night. I’ve recently been reading more posts in here to see what I can learn and recently came across a comment that talked about 45 DTE and profit taking. They mentioned that there were a certain amount of days that should have passed and % gain to indicate when to get out of a contract. The comment also mentioned it was a tasty trade video, and I’ve been looking all over for this but I can’t find it. Is there actually a specific % at different intervals you should sell at for capital efficiency? If anyone knows what I mean or has the video or can explain it I would be greatly appreciative. Thanks to everyone who makes the Reddit educational as I’ve been becoming a better investor cause of it. Thank you. +He said ETH is the one that going to break out, and estimated it to go to $15,000 by 2020 barring any regulatory interference. Anyway, he lives at home with his parents, never eats out, and drives a junk car. He says he averaged under $20/ETH overall. He works at a pizza shop and buys clothes used so he can sink more and more into the ETH. Devoted HODLer. +DISCLAIMER: This post is NOT Financial Advice! + + +This is actual DD of just statistical, cold hard facts. My previous post got removed by the compromised mods of r/wallstreetbets + + +[I have access to Bloomberg Terminal with up to date data as of February 5 on institutional holdings. Institutions currently hold 177% of the float!](https://i.redd.it/c44cmb67mtf61.png) + + +[How is this even possible to own more than 100% of the float?](https://www.investopedia.com/ask/answers/07/institutional_holdings.asp) Here's an example of one of the most likely causes of distorted institutional holdings percentages. Let's assume Company XYZ has 20 million shares outstanding and Institution A owns all 20 million. In a shorting transaction, institution B borrows five million of these shares from Institution A, then sells them to Institution C. If both A and C claim ownership of the shares shorted by B, the institutional ownership of Company XYZ could be reported as 25 million shares (20 + 5)—or 125% (25 ÷ 20). In this case, institutional holdings may be incorrectly reported as more than 100%. + + +In cases where reported institutional ownership exceeds 100%, actual institutional ownership would need to already be very high. While somewhat imprecise, arriving at this conclusion helps investors to determine the degree of the potential impact that institutional purchases and sales could have on a company's stock overall. + + +I have plausible evidence that leads me to believe there are still shorts who have not covered, and there are also shorts who entered greedily at prices that could still trigger a short squeeze event as this knife has been falling. [~1 million shares of GME were borrowed this Friday at 10 am, and a short attack occured that dropped GME from $95 to $70 over the course of 15 minutes.](https://i.redd.it/97j13bxy4pf61.jpg) + + +[This is my source for live borrowed shares data that you can watch during market hours.](https://iborrowdesk.com/report/GME) + +So we still meet the first requirement for a short squeeze to even be possible, there ARE a lot of short positions taken in GME still. The ultimate question is will there be enough demand to drown the supply? Or are we going to let the wolf in sheep's clothing aka Citadel who we know is behind not only these short positions bailing them out and purchasing puts themselves (data from 9/30/20) , but behind many brokerages who ultimately manipulated the supply demand chain by removing buying...are we really going to just let this happen? What they did last Thursday was straight up criminal. + + +Institutions move the markets more than retailers unfortunately, especially when order flows go directly through Citadel. [But it is very interesting the amount of OTM calls weeks out compared to puts. This is options expiring 3/12/21, and all the earlier expiration dates are also heavy in OTM calls.](https://i.imgur.com/mv0bo4Y.png) Max pain theory states it is in the market maker's best interest (those who write options aka theta gang) for price to gravitate towards max pain, as the strike price with the most open contracts including puts and calls would cause financial losses for the largest number of option holders at expiration. + + +With this heavy volume abundant in OTM calls, a gamma squeeze can occur if we can get the market makers to hedge against their options. [Look what triggered the explosive movement as price blasted past the max pain strike last week, I believe this caused many bears to have to take a long position as a way to hedge against their losses.](https://i.imgur.com/NHZg0O6.png) And right now, we are very close and gravitating towards max pain strike. If there is a catalyst/company event that can cause demand to increase, I believe GME is not dead for all the aforementioned reasons above. Thank you for taking your time to read my DD, my original post on wsb was removed by the mods. +This is actual DD of just statistical, cold hard facts. My previous post got deleted, if this one does too, spread the word. + +Edit: I've been unbanned and the post was reinstated! + I am a Software Engineer. I don't have too many expenses. Been putting money straight to savings account. I want to start making more money on the side. How should I invest it? + +EDIT: Thanks everyone. Didn't expect to get so many responses. Thanks for advising me. +#DON'T PANIC + +(This was my response to a young investor here. Thought I might just post it, I like to lurk but whatever. Some edits have been made.) + +For what it is worth this is my advise: + +SAVING IS HARD. Unless you were born to wealth it is hard. Sometimes even saving $5 is hard, and as you climb up in life there are always new things you will see to spend your money on. + +#1 if you see money laying on the ground PICK THAT UP. IT'S FREE MONEY. People throw money down because they don't know what money is really worth or what money can do. PICK IT UP AND POCKET THAT. NEVER THROW MONEY DOWN, NOT EVEN A PENNY. Damn, I hate seeing money on the ground. Even that penny was some time or labor earned, dont disregard that time and labor. + + +:: +# I cant believe I have to edit this, but some idiot brought it up: If you find a large some of money laying on the ground take it to your local police station. Check your local laws to determine what the minimum amount would be for your state/jurisdiction most are between $500 and $10,000. If you find it in a bag with drugs... well, you do you. + +:: + +I was really just talking about pocket change + +Try to use your money earned to make you happy, but put some back. Even if it is only $5 this week, but you wanted to go out and have a good steak. + +If you did not grow up with a family that knows how money works you need to educate yourself. + +This is NOT thought [edit: or taught] in school. + +You either need family to teach you or you will have to learn on your own. Go to your library and read finance books, subscribe to some financial magazines, and watch YouTube, or go to broker sites and go through their online education stuff. TDA (not that I'm a fan of them or anything), Fidelity both have some good reading and watching. + +My grandfather was born in the great depression to a pretty poor family, joined the navy, became a cop and spent 1960 (he was 30 when this got intresting to him) till the day he died, investing and trying to learn this shit and tried to teach me what he found out, and I have spent the last 20+ years doing it too. I've gotten pretty good at what I can find and I'm 41, still think I'm not all that good at it, but I could still just say F it and retire today if I wanted to. Make no mistake, if you do not have generational support you have a lot to do, make sure you pass on what you learn. I try to educate my friends and family that will listen, but I feel like a blowhard sometimes. + +Go to seminars, or online live stuff. Learn the financial products and how to use them. Learn how to read company financials and how to interpret it. + +None of this takes a huge amount of time. Spend 5 or 10 hours a week doing this instead of watching tv, reading fantasy, playing games (or working, fuck the man). + +In 1 year you will be ahead of 90% of others. + +Don't believe what financial media is telling you, by the time you hear it from them it's already over and the big boys are looking for bag holders. You have to learn how to do your own due diligence. Never believe anything you can't verify. Pretty sure CrMer was shouting to buy lemanbrothers in 2008... that worked out well? + +Broad market ETFs are seeming more and more like those bundled loan securities pre 2008. Looks like we might see more losers than winner soon, but I could be wrong.... do your research. + +I like managed funds. Vanguard and Fidelity have their reputation for a GOOD reason, and they have their own clearing houses. + +Pick a solid broker, read above. + +#Get a ROTH and max it before anything else, then standard IRA, then brokerage. Try hard as hell to get 6 months or 1 year of savings to cover basic expenses. + +Don't be afraid to gamble a little every now and then, but don't make a r/WSB yolo 90% of your portfolio. Unless that's your risk tolerance... investing really is ALL ON YOU. (You can [and I have] make good money on a meme stock, but pIck an entry and exit; you do NOT need a 1000% gain, a 10% gain is PROFIT, AND PROFIT: IS PROFIT.) + +Start with managed ETFs, mutual funds, then maybe some passive ETFs that track indexes. Then, Once you have your feet wet, and have some cash in savings (don't forget that inflation will take cash out of your pocket, but a market correction could take more [it's a balancing act]) Try some stock picking. + +After you have set yourself up try picking some stocks. Look long term, 10+ years. I like inovationers or solid old companies that just truck along and pay dividends. Healthcare, biotech, chips, multifamily REITs are what I'm in. Go global too. + +Maybe after you are set long term, try short term picks. It really is all about risk and risk tolerance. + +After you have a little bank roll sell some options. Sell cash covered puts for stocks you like or own and want more of for a lesser price. Sell covered calls on stocks you have, and this can lower your cost basis. + +Don't do naked calls, dont short sell. Avoid Infinite risk, but know what your risk is and go for it if you think you might have a win. +If you bet $500 on a play that could get you 5k I call that an ok gamble, IF you can take a $500 risk. + +If you are not from a family already rich now, its about getting rich in 10, 20, or 30 years. Save now. Learn how this works, have capital for down turns (buy dips and crashes), and ride the waves. This is a lot easier if you are young and have the time to ride it out while you wage slave. + +Look at any chart of any index over 20 or 30 or even 100 years, guess what ..... stocks go up. + +Don't try to out think the market. Go with the flow. Follow the waxing and waning. Markets move through rotations just like tides in the sea. Move with it, not against it. + +#DONT PANIC. + +Don't trade with emotion, do your due diligence and analysis, and. stick. to. your. plan. + +Learn how to make a budget and include your investments into it. + +Buy 1 or 2 realestate properties. Everything you invest after purchase price is considered a loss and can offset your tax burden (even if it adds value). + + +Learn some hedges. I take a 1% stake against my positions with 1yr puts or calls every year. If I'm down in a year I'll take a 1% value call option. If I'm up I'll take a 1% put a year out. Its like insurance. And believe me, it CAN and WILL save your ass. + +Time in the market vs timing the market ... time in always wins, but having bad timing can set you back a long time. + +Anyway, at the end of the day... just do something. + +Do not disregard other avenues of investment either. Realestate, income property, land, art, farms, cattle (it's a big one where I'm from), antiques, clasic cars (but that might be over after all the boomers are gone [I'm gen X and still remember the smell of them (and that is a real thing kids)]. + +Try not to fall into investment fads. + +When I was a kid these collectors thought these stupid bennie baby things and pogs were for life.... if those dumb*sses would have bought $AAPL instead they wouldn't still have tubs of useless, multicolored, cute cotton, whatever animal like things they would have yachts. Those damb card games are another one, yes I do have some Magic gathering cards worth some money, but I didn't buy it as an investment, I was a geek who liked playing the game with my friends. + +And buy some $GME. Even 2 shares. That shit is crazy, who knows what will happen. + + +*I am not a financial advisor, I'm just a dude on the internet sharing what he has learned. Nothing should be taken as any type of financial advise, but everyone should save some money and invest with using their own risk tolerance and the help of a certified financial adviser (not me).* + +**last edit: swords for plowshares boys** + +PS: I upvoted you all so far, love this late(early) discussion. Going to sleep now. Whether you agree with me or not, I wish you all solid gains. It is not about you or them, or your gains vs his/her loss. I hope you all make gains and that my small insite can lead future generations(or my own or past) to an easy life where we maybe don't have yachts or pent houses, but at the same time.... have to die young of stress and ill health, and can just have the money to be content and happy and be like me,... spending this week digging a new garden, and not be broken old men/women like I see so often. + +And if you dont like that, if you say everyone should "pull up them boot straps" then I say Fuk you. That didn't work. So I won, and I hope I can teach even one kid to win to + +#dont award this, take that and buy some stocks or donate to St Jude or something, I dont even know what those things are but I know it cost $$. This whole sub is about saving and investing, investing in lame awards for my dumb ass isnt working. Charity IS A WRITE OFF. + +And dont PM me please, I'm not a D but I do not know how to reply. Reddit changed and I did not change with it. + +# EDIT DOWN----> + +# edit** Thanks for all those awards: I think I said something about NOT throwing money down?! That's what you did. I also said not to do that. + +#Please, don't buy single ply toilet paper, but don't give me awards either. + +I have seen some comments about the whole 15% comment I made below. It is TOTALLY about what I said above about knowing financial products, and managing things yourself in your brokerage. + +I DO NOT SELF MANAGE MY IRAs. MY IRAs truck along just fine. + +But I do manage my margin account. I use every thing I can to make more $$. And options are a big part. I am not making insane call buys. I sell covered calls and buy cash secured puts. I sell iron condors or butterflies (depends on the equity). I follow trends and waves and rotations and I use leaps and verticals. + +(This is me, I am not an advisor, I'm an idiot on the internet.. DO NOT DO WHAT I DO, THIS IS ONLY ME AND ME ALONE. I AM ONLY TELLING THE PUBLIC WHAT I HAVE DONE AS A SOLITARY INVESTOR.) + +BUT: I closed almost every position I had 2 weeks ago. I got greedy enough last year and till now, I had a great return. I'm stepping back. +I'm talking fixer uppers and things like that, I see a lot of people make bank but so many that advise to stay away. Any comments are appreciated and I'll respond as quickly as possible. +I added to my position in Tesco today and the ex-dividend date is today (20th May). Will I get dividends on the new shares or only on the ones I already had? +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +https://investor.games-workshop.com/2020/09/10/trading-update-and-dividend-3/ + +Key parts: +trading for the three months to 30 August 2020 (the “Period“) was ahead of the Board’s expectations. Current estimates show sales of c. £90 million in the Period against a prior year of £78 million for the same period. Operating profit for the Period before royalty income is estimated to be c. £45 million (2019: £28 million) and royalty income is estimated to be c. £3 million (2019: £2 million). + +The Board has also today declared a dividend of 50 pence per share. This is in line with the Company’s policy to distribute truly surplus cash. This will be paid on 23 October 2020 for shareholders on the register at 18 September 2020, with an ex-dividend date of 17 September 2020. The last date for elections for the dividend re-investment plan is 2 October 2020. +Good morning APES...... + +Its been such a rough start to the year.... and nobody even cares??? It feels like this market is being "deflated" at a slow rate... this way... you can keep people in longer before panic sets in. YTD numbers are bad.... + +The Long Bond is down 21.60% YTD. "TLT" + +[TLT](https://preview.redd.it/qwbb52fa3gy81.png?width=2632&format=png&auto=webp&s=1869feaed6ef700a34e17be029677204edfe4d99) + +[https://www.ishares.com/us/products/239454/ishares-20-year-treasury-bond-etf](https://www.ishares.com/us/products/239454/ishares-20-year-treasury-bond-etf) + +The AGG is down 10.06% YTD. + +[https://www.ishares.com/us/products/239458/ishares-core-total-us-bond-market-etf](https://www.ishares.com/us/products/239458/ishares-core-total-us-bond-market-etf) + +LQD, the Corporate bond Index is down 15.18% YTD. + +[https://www.ishares.com/us/products/239566/ishares-iboxx-investment-grade-corporate-bond-etf](https://www.ishares.com/us/products/239566/ishares-iboxx-investment-grade-corporate-bond-etf) + +These bonds have never performed like this. + +Historically (from 1980's onwards), bonds have always had positive returns. Corporations could issue new bonds to pay off old bonds, and now that rates are moving in the other direction, these bonds are going to get hit. + +[LQD](https://preview.redd.it/dx94pkoj2gy81.png?width=2054&format=png&auto=webp&s=4384ea2f401842df0701717fc6ea14bbce4f7a78) + +(LQD made money every year it had been around. But not this year) + +Stocks are getting hit hard as well. + +The S&P 500 is down 12.60% YTD. + +[https://www.ishares.com/us/products/239726/ishares-core-sp-500-etf](https://www.ishares.com/us/products/239726/ishares-core-sp-500-etf) + +YTD, US Tech and Small Caps are down more than China. The NASDAQ is the 3rd worst performing market in the entire world. + +[https:\/\/www.investing.com\/indices\/indices-futures](https://preview.redd.it/05pzi9ju3gy81.png?width=1336&format=png&auto=webp&s=34e7792ec2d0502adf2a0906e6b2a4d2af35544c) + +And most of the selling started November last year.... So these numbers are a bit worse than they actually look.... + +[https:\/\/www.federalreserve.gov\/monetarypolicy\/bst\_recenttrends.htm](https://preview.redd.it/ficu3hel4gy81.png?width=1442&format=png&auto=webp&s=671a4b3f4120e14d5124d89537bd353938f4abb1) + +The FED spending and new money has not really stopped... But bonds and stocks are starting to feel the pain. + +Is the FED stopping QE because they have to? Or, Because they have no choice. The FED spending is going side ways but markets are down anywhere from 10-25% across the board. + +**Character -** The people on the other side of the trade have one objection... Get the GME holder to sell. I believe that if the market really tanks that GME will go down with it. Now Im not saying GME goes to $20.... but I do think sub $100 is on the table. + +The people will use that momentum to shake out any paper hands... For some people using margin, and taking on too much risk - they may be liquidated and lose their shares. + +MOASS may have a 1-3 week delay between the actual "Crash" and MOASS - or... It could go at any second...But I do think these short sellers will use the crash to shake out any paper hands. + +I know APES are not phased by drops but this could be a great buying opportunity for anyone looking to add. + +Stay safe out there and HODL... DRS is my preferred way - this is not FA - just some charts and mostly nonsense. + +**tldr: Major U.S markets are down 12-25% across the board in both bonds and stocks. GME might fall lower with the markets before we MOON for MOASS...** +Numerous politicians bought energy plays BEFORE their run ups, and general discussions on banning Russian oil. Many are on committees privy to private information, including Defense and Energy. Many had not purchased energy plays before. + +Just Some Examples: + +Marjorie Taylor Greene bought American oil stocks, $CVX, war stocks, $LMT, and renewable energy stocks, $NEE, ONE DAY before the invasion and also tweeting: "War and rumors of war is incredibly profitable and convenient." + +Robert Wittman bought $XLE (energy ETF) on January 28, 2022. + +Mark Green (who frequently invests in energy stocks) recently bought up to $1M in $ET (Feb 9, 2022) and over $1M in $ENLC (between Feb 9-18, 2022). + +Virginia Foxx bought $PAA, $PPL and $PSX on February 15, 2022 (energy stocks), which was reported today. + +What are Peoples Thoughts On This? + +Should Trading And Individual Stock Purchases from Politicians Be Allowed? +Eyo fellow pennystock hunters! + +I've recently done a DD piece on Nouveau Monde Graphite already, and as some of you guys already know, I'm in love with the stock. Some reasons as to why: + +1. Vertical Integrated Mine and Purification Plant +2. Awesome growth prospects +3. Insane Management (Eric Desaulnier is just the best) +4. Fully funded +5. Reasonable Debt +6. 50$ Canadian price target in just 10 years + +And as some of you guys already know, Nouveau Monde Graphite JUST approved a reverse split or consolidation of 10:1 for all shares... but what does this mean, is it good or bad for the company's long term growth prospects... and should you guys still invest? + +well, I answer all those questions in this video, so check it out if curious: + +[https://www.youtube.com/watch?v=WzNpoVAKvuA](https://www.youtube.com/watch?v=WzNpoVAKvuA) + +Kind Regards, + +A fellow NMGRF investor and Pennystock lover + + +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. +The rest of my money would be in smaller amounts for ETFs like Real Estate or Transportation. + +I looked at a bunch of ESG funds. I couldn’t find any that fit with my morals. + +I realized Tech, Finance, and Utilities are pretty much the only things I can morally invest in. + +How safe/screwed am I? +What are the most important and specific metrics you use to evaluate an etf? Are there metrics you believe are more noise than useful? + +Right now I’m invested in consumer discretionary (fdis and vcr [the latter was an accident]), mega cap growth (mgk), tech select sec (xlk), and lastly a semiconductor bull 3x (soxl). + +One other question, I enjoying reading others predictions. Thoughts on q3 and 4? + +I’m new to this all. +Right now I’m deliberating on whether to go to Columbia (without much aid). I would probably graduate with quite a high amount of debt. My question is should I go to a state school, graduate debt free, and be on my way to FI instead? I can’t seem to justify the tuition of this school cost wise in my head. I plan on going into software engineering, ibanking, or consulting either way. What do you guys think? + +EDIT: Getting a lot of replies to this and reading every one! I just want to say I love how supportive the community on here is. +There were a ton of responses to my post about NERV in the daily a week ago, and it seemed like a lot sold 6/19 $5p's (or took other action in NERV). I just wanted to follow up to say I'm looking to make my exit from that trade at 50% profits over the next day or two. + +Despite IV still over 300+, the price on these has really come down as the underlying has settled in around $13. The low today as I write this is $0.75, and barring a huge price drop I think we'll hit $0.65ish by the end of the week as theta works its magic and IV continues to drop. + +There was plenty of discussion on the sub about the trial results likely to be released before expiration, but I'll reiterate the takeaway here: **Do not hold to expiration.** It's just too risky. +I have 500k, tax free. I paid off our immediate debt such as credit cards and vehicles. No student loans. I own our home but will be selling soon and moving in with a family member so the bills will be cut in half for now. I personally do not have anything such as a 401k etc. +I'm 30 with 2 young children. I will be returning to work when I'm mentally able, where I typically make 30k-35k a year. Im typically a pretty frugal person and dont want or plan to make any large purchases. +Help? I honestly do not know where to start... + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +My in law’s barn cat had kittens and said they’re putting them up for adoption. I dont know how much I would have to budget monthly for them or how much initial shots and stuff costs. Also if you know of any other subreddit that could help that’d be appreciated. + +Edit: this makes it sound like I would be adopting multiple but it would only be one + +Edit 2: I was not expecting such a response. Thank you to everyone who has been giving me advice and information, it is very appreciated. I feel a lot more prepared to take on this adventure with my (now 2) buddies. +I just started getting into investing in rental properties and have already purchased a few them. Even though I have a management company that does all the tenant finding, screening, rent collection, etc., I'd like to find an easier way to track income and expenses, organizing receipts for work done, document organization, etc. + +Currently, I'm using spreadsheets and Google Drive, however, I was wondering if there's a more efficient way of doing so (especially since I'm looking to purchase more properties soon). I've seen software such as Cozy.co, Avail, QuickBooks, etc., and they have a lot of features in them (most of which are far more than I need), however, I'm wondering if there's a simpler solution that I might be overlooking. + +Does anyone know of software that could do what I'm looking to do or has any experience/recommendations for software/services that I should investigate? +My lease is about to expire and I was going to sign a new one. My rent increased a bit this year but not enough to be a huge deal. + +However on my building’s website there is an almost identical apartment for 600 dollars cheaper than what I am currently paying. Can I do anything about this? I didn’t sign my new lease yet but I don’t want to if there’s a chance I could be paying significantly less per month. + +Edit: damn this blew up I wish I had a mixtape + +Edit 2: according to the building managers, the price was a mistake. Oh well +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. +[https://www.bleepingcomputer.com/news/security/lastpass-users-warned-their-master-passwords-are-compromised/](https://www.bleepingcomputer.com/news/security/lastpass-users-warned-their-master-passwords-are-compromised/) + +Just a warning to anyone else in the community that uses Lastpass as a password manager that there are many reports streaming in of master passwords being compromised. If you haven't done so already, now would be a good time to change your master password and enable MFA on your account. Not really a personal finance topic directly but since many of us use Lastpass to store banking account credentials and other information, I felt it was important to get the word out. + +&#x200B; + +Edit: LP saying the attacks are a result of credential stuffing. While this likely to be correct, please do not take any chances with you account and take action now just in case. + +&#x200B; + +Edit 2: thanks to u/Curse_you_Reddit + +[https://www.cnet.com/tech/services-and-software/lastpass-says-no-passwords-compromised-in-latest-security-scare/](https://www.cnet.com/tech/services-and-software/lastpass-says-no-passwords-compromised-in-latest-security-scare/) + +Appears to be a false alarm at this time. Issue was due to a logging error that erroneously reported access attempts to some user accounts. Sorry for any inconvenience caused but as always, better safe than sorry. +Do you guys honestly think the bank or government gives a flying fuck whether or not you can pay back your student loans when entry level jobs require 5 years work experience and you just graduated? "Fuck you, you knew what you were doing, pay up." is what they would say. How about credit card debt you took out because your kids needed some new clothes or food and now you are stuck with growing interest rates? "Too bad, so sad, pay up, or else prison." Ever take a trip to the hospital for emergency surgery? A price tag of 150 grand for 3 days use of their facilities. "Sorry about your accident, now pay us whatever we want." How about YOUR mortgage THEY gambled away and in turn, caused a recession? "Yah, my bad, but according to OUR calculations, YOU actually OWE US now pay up." + +#Now the tables are turned. + +Why should I give a flying fuck whether or not they can cover all the shares they shorted? Whatever comes around, goes around. Fuck you pay up. + +"B-b-but that money doesn't exist." Doesn't fucking matter, make it exist and pay up. + +"B-b-but stocks can't go that high." You shouldn't shorted it that much then, pay up. + +"B-b-but this will destroy the economy." I don't wanna hear your sob story, pay up. + +"B-b-but infinity pool will make all money worthless." Too bad, so sad, pay the fuck up. You knew what you were doing. You did it anyways. Live with your consequences is what you would tell us. + +We will give you the same amount of mercy as you gave us. Find the money and buy back every single fucking share you shorted. + +#It's only fair we hold you to the same standard you held us. +Despite sell articles popping up on MSM, Alabama Retirement Systems thinks GME is a strong play. + +[Retirement Systems of Alabama Takes a $14.14 million position in GameStop](https://etfdailynews.com/news/retirement-systems-of-alabama-takes-14-14-million-position-in-gamestop-corp-nysegme/) + +Let's go Apes! +First of all, Merry Christmas/happy holidays to everyone. + +I’ve talked with my family and girlfriend and been discussing how I’ve been day trading for the past six-seven months. They know very little about my trading besides the fact the I have yet to be profitable and I that I do it. + +Someone brought it up again and it turned into almost an intervention where my whole family ganged up on me telling me about how all I’m doing is throwing money away and that I need to stop immediately. I will admit I messed up big time in the beginning, where I lost 25% of my account in a single trade, and proceeded to loose 50% more due to trying to make the initial loss back as quick as possible. Since then I took a break and am working on consistent trading, and have slowly gained 25% of my money back. (Account started at 3k, went to a little under 1k, and I’m now sitting at around 1.7k) + +They are making me feel really bad about doing something that I really enjoy and want to do for the rest of my life. I feel like I am getting better at. They describe me as a gambler, yet they know nothing about my process or how many hours I’ve spent trying to learn set ups, indicators, patterns, what my edge is, how the market operates, and what is driving prices. + +I really didn’t think I would find a passion in life until I found the markets, it’s one the most fascinating things for me. It’s given me the motivation to continue my college education, it’s given me something to really work towards when I was just kind of floating through life with no direction. + +I really don’t think that I’m treating trading like gambling, I think I have a healthy relationship with it, I’ve never risked money I can’t afford to lose, I’m not struggling financially because of it, nor has it effected me emotionally for longer than a few minutes or so. + +I’m mostly just trying to vent, maybe looking for validation since I feel pretty bad about something I absolutely love. So if you stuck around and actually read this I appreciate it. I guess I’m also asking if anyone has had similar issues with their family and how you tackled it, or if you think that I actually am treating trading like gambling let me know. + +TLDR + +My family thinks my trading is pure gambling and that I have a problem, I think that I have a healthy relationship with it and that I’m on the road to consistency. Am I going somewhere or just gambling my money? +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + +**NAVIGATION:** + + + +# BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank & The Most Efficient Way to Avoid Paying Taxes? (Onshore)** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Deregulation Agenda** + +BBC Part 16: **The Apollo Missions** \- [ Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +&#x200B; + +[A smooth Brain Look at the Housing Market.](https://www.reddit.com/r/Superstonk/comments/qfqiz8/a_smooth_brain_look_at_the_housing_market/) + +[A Smooth Brain Look At the Banks (Part 2)](https://www.reddit.com/r/Superstonk/comments/qg5nxo/a_smooth_brain_look_at_the_banks_part_2/) + +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +NOTE: I'm going a little off the usual subject of this series, but it is all connected... I THINK... + +AND.... there's a lot of speculation here... so reader discretion advised + +\-------------------------------------------------------------------------------------------------------------------------------------- + +# PLEASE PROVE ME WRONG. +1000% of the FLOAT with leverage? + +Ok Apes, I’m no expert in Finance, but I have been doing my best to try and understand all the GOD TIER DD that has been floating around the sub recently. + +Shout out to u/Criand for [The Theory of Everything](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) + +Shout out to u/thabat for [Rolling in the Deep Dive](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/) + +Something occurred to me though and I may be completely WRONG here… but if I’m RIGHT… this is the part in the big short for me at least. + +**THE ATOMIC BOMB WITH A DRUNK PRESIDENT HOLDING HIS FINGER OVER THE BUTTON** + +&#x200B; + +https://preview.redd.it/9z9u4tr8twj71.png?width=1125&format=png&auto=webp&s=98c4a17e6cc3c5159a670cf752f697cc1dca82b1 + +So u/criand, thought us all about **Equity Total Return Swaps** + +And this is used by SHFS to short positions without having them on their books using derivatives RIGHT? + +Well on my quest to **TRY AND UNDERSTAND** all of this shit, I looked for a smooth-brain explainer video on YouTube and found this little GEM + +[https://www.youtube.com/watch?v=JfPtabPipaQ&ab\_channel=KINGCADEMY](https://www.youtube.com/watch?v=JfPtabPipaQ&ab_channel=KINGCADEMY) + +(Lots of Pics and Crayons for us Smooth Brains) + +BUT… + +In this video, they describe the use of RETURN SWAPS in a real life case… + +ARCHEGOS + +Now… + +This explainer is from the other side of the coin as Archegos were not using Return Swaps to SHORT, but rather for LONG positions. + +But REGARDLESS… the process is the same. + +SO… + +Lets look at HOW Archegos used them. + +So Bill Hwang, had Tiger Asia Management until he got shut down due to INSIDER TRADING and MARKET MANIPULATION + +&#x200B; + +https://preview.redd.it/vq14w2ritwj71.png?width=1202&format=png&auto=webp&s=11e8228427cdcdb6b0ab68d7c76755bc85925f5d + +So what did he do? + +He tuned the fund into a Private Family Office being Archegos + +&#x200B; + +https://preview.redd.it/if33d0dptwj71.png?width=1199&format=png&auto=webp&s=bdfd726a77203f983f3383d2ba0ae4e740573ffe + +Bill then decided to invest in DERIVATIVES using TOTAL RETURN SWAPS. + +He uses GOLDMAN SACHS TO DO THIS. + +&#x200B; + +https://preview.redd.it/jrnr616vtwj71.png?width=1198&format=png&auto=webp&s=2c636eb5c70acd91f5e2c6878c3b7385ecb39ffe + +BUT… + +WHAT IS IN IT FOR GOLDMAN SACHS??? + +Simple… they offer Bill **LEVERAGE** on these positions so that they can charge him margin! + +So it’s EXPERTS state that BILL was borrowing $1 : $5.6 - So for every $1, he got $5.6 worth of Total Return Swaps. + +&#x200B; + +https://preview.redd.it/epm7kbvztwj71.png?width=1201&format=png&auto=webp&s=3226cb862cb75a5f06febcdb4a82e491b9e47e9e + +And the FINAL piece of information relative to where my Tin Foil hat is about to go… + +...he was able to do this through MULTIPLE institutions giving himself MASSIVE LEVERAGED EXPOSURE. + +&#x200B; + +https://preview.redd.it/3ruscmv4uwj71.png?width=1201&format=png&auto=webp&s=897d35d9f2b8f41b32d6c3e32a66d3f8f67ea10c + +FUCKING PUPPY BREAK!!! + +\------------------------------------------------------------------------------------------------------------------------- + +Aww... you wanna play? Yes you do!! You wanna play! + +&#x200B; + +https://preview.redd.it/07315ai7zwj71.png?width=750&format=png&auto=webp&s=aa9e93639434cd3bf189d60349053f870aed493d + +\------------------------------------------------------------------------------------------------------------------------- + +SO THIS MORNING… + +I was reading through u/thebat [DD HERE](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/) (Worth a Read) who was connecting u/Criands DD to the Cayman Islands… + +And I BEGAN TO GET FLASHBACKS from my BBC investigations. + +\------------------------------------------------------------------------------------------------------------------------- + +OK… THE PART THAT EVERYONE IS MISSING… + +And I could be COMPLETELY WRONG on… + +Is what if the Archegos Pattern is the same??? + +INSTEAD OF CITADEL USING THESE FUNDS FOR TAX EVASION + +(Even though it’s this too) + +What if… like Bill Hwang, Kenny is using them for Total Return Swaps??? + +And not just to hide SHORT INTEREST… + +**BUT TO LEVERAGE SHORT POSITIONS THROUGH RETURN SWAPS WITH BIG BANKS???** + +So for every $1 in Short Return Swaps WE THINK Kenny has… + +He ACTUALLY has $5.6 (Based on what Bill had) + +\------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +So he’d have to have connections between these funds and the Big Banks right? + +Well if you have been paying attention to the BBC investigations, you’ll remember that the LIST OF CUSTODIANS for these funds is public information and look at all these Big Bank Names: + +Complete List of Citadel Private Fund Custodians… + +* BANK OF AMERICA - CHICAGO +* BANK OF NEW YORK MELLON - NEW YORK +* CITADEL CLEARING LLC - CHICAGO +* CITIGROUP GLOBAL MARKETS INC - NEW YORK +* DEUTSCHE BANK AG - PORT LOUIS, MAURITIUS (TAX HAVEN) +* JPMORGAN CHASE BANK - NEW YORK +* MERRILL LYNCH PROFESSIONAL CLEARING CORP - NEW YORK +* BANCO SANTANDER- SPAIN +* BNP PARIBAS COMMODITY FUTURES LIMITED - LONDON +* BNP PARIBAS SECURITIES CORP - NEW YORK +* BOFA SECURITIES - NEW YORK +* CITIBANK - GREENWICH +* CITIGROUP GLOBAL MARKETS LIMITED - LONDON +* COMPUTERSHARE SECURITIES CORPORATION - CHICAGO +* J. ARON & COMPANY LLC - NEW YORK +* J.P. MORGAN SECURITIES LLC - NEW YORK +* JP MORGAN DUBLIN PUBLIC LIMITED COMPANY - IRELAND **(Fuckin Irish!)** lol +* SG AMERICAS SECURITIES - NEW YORK +* SOCIETE GENERALE INTERNATIONAL LIMITED - LONDON +* STANDARD CHARTER BANK - LONDON +* BANK OF NEW YORK - BRUSSELS +* BANK OF NOVA SCOTIA - HALIFAX +* CONTINENTAL STOCK TRANSFER & TRUST COMPANY - NEW YORK +* COWEN FINANCIAL PRODUCTS - NEW YORK +* NOMURA GLOBAL FINANCIAL PRODUCTS - NEW YORK +* NOMURA INTERNATIONAL - LONDON +* SCOTIA CAPITAL - NEW YORK +* SOCIETE GENERALE - PARIS +* STANDARD CHARTER BANK - LONDON +* STATE STREET AND TRUST COMPANY - BOSTON +* WELLS FARGO BANK - MINNEAPOLIS +* **BANCO B3 S.A - SAO PAOLO, BRAZIL** <<<-- +* HSBC BANK PLC - LUXEMBOURG +* ROYAL BANK OF CANADA - TORONTO +* **UBS BRASIL CORRETORA DE CAMBIO, TITULOS E VALORES MOBILIARIOS S.A. - SAO PAOLO, BRAZIL** <<<-- +* WELLS FARGO SECURITIES - CHARLOTTE +* COWEN FINANCIAL PRODUCTS LLC - NEW YORK +* SKANDINAVISKA ENSKILDA BANKEN - STOCKHOLM +* VSTOCK TRANSFER - NEW YORK + +\------------------------------------------------------------------------------------------------------------------------- + +Am I completely WRONG with this… or does this mean massive exposure through the leveraged positions in the BANKS too? + +REMEMBER HOW MANY PRIVATE FUNDS KENNY HAS??? + +* CITADEL EQUITY FUND LTD. +* CEIF INTERNATIONAL LTD. +* CITADEL MULTI-STRATEGY EQUITIES MASTER FUND LTD. +* CITADEL ENERGY INVESTMENTS LTD. +* CITADEL KENSINGTON SIF 1 LTD. +* CITADEL TREASURY INTERNATIONAL LTD. +* CITADEL KENSINGTON GLOBAL STRATEGIES FUND LTD. +* CITADEL TACTICAL TRADING LTD. +* CITADEL GLOBAL FIXED INCOME MASTER FUND LTD. +* CITADEL GLOBAL FIXED INCOME FUND LTD. +* CITADEL QUANTITATIVE STRATEGIES MASTER FUND LTD. +* CITADEL PRESIDIO FUND LLC +* CITADEL KENSINGTON GLOBAL STRATEGIES FUND II LTD. +* CITADEL EQUITIES FUND LTD. +* CITADEL TACTICAL MASTER FUND LTD. + +And that’s just the Caymans!!! + +ALL of these funds leveraged at 5:1 through Total Return Swap Derivatives? + +**FUCKING PUPPY BREAKKKKK!!!** + +\------------------------------------------------------------------------------------------------------------------------ + +Awww... you wanna go for a walkies? Of course you can! Lets go Walkies! + +&#x200B; + +https://preview.redd.it/707893ajzwj71.png?width=479&format=png&auto=webp&s=0cc9ee180afbde9cca814fa04c01b9dc40390107 + +\------------------------------------------------------------------------------------------------------------------------ + +So IF THIS IS TRUE… how would Kenny go about it? + +There’s a Great DD by u/broccaaa that I’m sure many of you have read covering the Dodd-Frank rule which basically requires regulatory structure on OTC derivatives and requires major swap dealers to register as one. + +[Source](https://www.reddit.com/r/Superstonk/comments/pc0zhv/swapping_regulations_for_offshore_risk_the_full/) + +Well… The Kensington Global Strategies Fund, (As an Example) has an intermediary company in place that covers just that! + +&#x200B; + +https://preview.redd.it/6l79obaguwj71.png?width=1192&format=png&auto=webp&s=7bcc519ac1bd3e35e2802c360ff830f07f203df6 + +[Source](https://offshoreleaks.icij.org/nodes/82002027) + +That’s a company under the Umbrella of The Northern Trust Company… + +The Northern Trust Company that from the period of 2013 to at least 2018 failed to correctly report HUNDREDS OF THOUSANDS OF SWAP TRANSACTIONS… and was fined $1 million dollars. + +[Source](https://www.cftc.gov/PressRoom/PressReleases/8040-19) + +INTERESTINGLY… + +Upon Browsing the companies 2020 annual report (As you do…) + +I came across this little paragraph: + +>The Bank is required to register as a swap dealer and its swap +> +>dealer activities are subject to the CFTC’s rules and regulations, including rules regarding internal and external business +> +>conduct standards, reporting and recordkeeping, mandatory clearing for certain swaps, trade documentation and +> +>confirmation requirements, and cross-border swap activities. + +So they ARE registered as a SWAP dealer with the CFTC… + +ALSO INTERESTINGLY + +>Several of the SEC’s requirements +> +>for security-based swap dealers came into effect on April 6, 2020. Under those requirements, persons or entities must begin +> +>counting security-based swap activities on August 6, 2021, and may be required to register with the SEC as a security based swap dealer after October 6, 2021 + +So the SEC is getting in on this too??? + +[Source](https://www.annualreports.com/HostedData/AnnualReports/PDF/NASDAQ_NTRS_2020.pdf) + +So Kenny’s funds have their own SWAP capable Intermediaries, and Direct Custodian Authorisation to many of the BIG BANKS? + +Seems like the POTENTIAL for this to be possible is in place. + +\------------------------------------------------------------------------------------------------------------------------ + +https://preview.redd.it/swsowketuwj71.png?width=1800&format=png&auto=webp&s=9a2a73819740b4716794812e48a3c82247fc5322 + +GG is on the case… + +This archegos revelation also reminded me of something Gary G said… + +Back in May, he said he had directed his staff to consider recommendation for greater disclosure on total return swaps! + +This was reported in the same content where he was raising concerns about the market influence of Citadel Securities. + +[Source](https://www.ft.com/content/8be5c3f2-097a-41af-9f39-c27d7783a6ee) + +&#x200B; + +\------------------------------------------------------------------------------------------------------------------------ + +And of course… + +Let’s not forget that Kenny Hired the Chairman of the CFTC in January when Apes were Flinging Poo at him… and the Senior Council to the Chairman of the CFTC in July when shit was REALLY starting to hit the fan… + +# CFTC Chairman - Now Citadel Chief Legal Officer + +https://preview.redd.it/p6dl8coxuwj71.png?width=1200&format=png&auto=webp&s=2dec2963059eadc61fc5b23086993d0a3b63da09 + +# CFTC Senior Counsel to the Chairman - Now Citadel Associate General Counsel + +&#x200B; + +https://preview.redd.it/v9zlqv33vwj71.png?width=625&format=png&auto=webp&s=e3368896f32474c6f4dd391aaa7a4515b5f71225 + +**FUCKING PUPPY BBRRREEAK!!!!** + +\------------------------------------------------------------------------------------------------------------------------ + +&#x200B; + +https://preview.redd.it/1k5q45vqzwj71.png?width=540&format=png&auto=webp&s=5784500f314e0dc2417b3d8f55e027fc32450e85 + +\------------------------------------------------------------------------------------------------------------------------ + +NOW… REMEMBER THIS GUY??? + +&#x200B; + +https://preview.redd.it/h6vm2e6hvwj71.png?width=1051&format=png&auto=webp&s=32b86e1f53d7b754674982d44ba700d03886319d + +I’m sure some of you saw the post yesterday stating that he is the man behind Total Return Swaps right? + +Credit: [u/RogueYorkshire](https://www.reddit.com/user/RogueYorkshire/) + +[Post here](https://www.reddit.com/r/Superstonk/comments/pc5xe9/michal_milken_the_man_behind_curtain_of_swaps/) + +Well this is KINDA right, but the Terminology is actually broader reaching and is not just Total Return Swaps, but its THE WHOLE HOUSE OF CARDS! + +And not to say I told you so… but you may remember me calling him out as the FINAL BOSS in BBC Ep 1? + +[Source](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) + +I didn’t KNOW why then… it just seemed so convenient that this guy was connected to everyone and everything. + +(And YES, that’s a picture of Heath Tarbet above as the Chariman of the CFTC speaking at the MILKEN INSTITUTE) + +Well know I think I know why… + +\------------------------------------------------------------------------------------------------------------------------ + +# SPECIALIZED PURPOSE ENTITY (SPE) + +This is what Milken created in 1988. + +This is also what caused the Enron Implosion of 2001 + +And the Goldman Sachs ABACUS enforcement of 2010… + +The SPE is a new and widely used form of corporate alter ego designed to undertake transactions for its creator’s accounting and regulatory benefit. + +The standard legal model looks to equity ownership to determine the boundaries of the firm: equity is inside the firm, while contract is outside. Regulatory regimes make inter-firm connections by tracking equity ownership. SPEs escape regulation by funneling inter-firm connections through contracts, rather than equity ownership. + +This is from a full study done on this by a big wrinkled brain that goes into how these concepts and seemingly separate scandals are all related. + +[Source](https://scholarship.law.upenn.edu/cgi/viewcontent.cgi?article=2516&context=faculty_scholarship) + +This is essentially STATING that an SPE is a separate entity setup outside of a company, to allow that company to avoid regulation. + +And when they can avoid regulation… they can make LOTS MORE MONEY… but also generate SUBSTANTIAL RISK + +Sounds like you may want to setup some Private Funds if you plan to do some shady shit right? + +Or might need a lack of regulation if you were planning to LEVERAGE up some TOTAL RETURN SWAPS to short the shit out of our BELOVED GME? + +\------------------------------------------------------------------------------------------------------------------------ + +So if I understand this correctly... + +If a Hedge Fund wants to do some CRIME... + +They first setup an SPE to cover their tracks. + +The TYPE of CRIME may change... but using SPEs to cover their tracks for decades, is the common trait. + +Milken had his Fukery Exposed... but used SPEs + +A new type of Fukery Came about with Enron... but they used SPEs + +A new type of Fukery Came about with Goldman Sachs... but they used SPEs + +NOW... we are experiencing fuckery, WHERE ARE THE SPEs? + +\-- COULD it be the Private funds setup to use Total Return Swaps to Manipulate the Market????? + +And if this whole thing is LEVERAGED TO SHIT... how much of the float must be owned by now??? + +\------------------------------------------------------------------------------------------------------------------------ + +CITADEL ASSETS UNDER MANAGEMENT: $35 BILLION + +CITADEL ASSETS IN PRIVATE FUNDS: $286 BILLION + +([source](https://whalewisdom.com/filer/citadel-advisors-llc#tabadv_ownership_tab_link)) + +IF LEVERAGED LIKE ARCHEGOS: $1.5 TRILLION! + +\------------------------------------------------------------------------------------------------------------------------ + +&#x200B; + +https://i.redd.it/lc7tgwbu0xj71.gif + +So what do you Apes think? + +Do you think Kenny is not just buying swaps, but is using them to LEVERAGE his positions? + +Or am I straying down the Tinfoil Rabbit hole too much? + +\------------------------------------------------------------------------------------ + +Wanna get more eyes on this? + +Retweet here: [https://twitter.com/BadassTrader69/status/1431271433229979655](https://twitter.com/BadassTrader69/status/1431271433229979655) + +&#x200B; + +\------------------------------------------------------------------------------------ + +**Edit 1:** Thanks to u/phoenixfenix for pointing out that Archegos was NOT margined at 5.6:1 they were actually 13:1 which makes it event WORSE... + +But also to u/lightwhite that they were not using Derivatives but Contracted Obligations instead. + +So the margin available on Derivatives may be DIFFERENT... but I still smell leverage!!! +I'm sure everyone has noticed by now, but what's with all the daily spam comments about market manipulation? + +Seems like it takes up half of the daily discussions. Wonder if it's because the markets stopped only going up. +What the title says. We spend about $100k a year. Is this something we could do without having to take on disproportionate amounts of risk, which could result in depleting the capital? Thanks in advance for your opinions. + + +edit: Hi, everyone. I didn't expect this kind of response. I might struggle to respond to everyone, but I will read every comment. I really appreciate such insightful views and perspectives from the folks in this sub. It's very humbling to learn so much from people who have been doing this for a while. The consensus seems to be that I should just find I job (Which I 100% agree with!!), so I will keep at that. I guess I will put those $400k in broad-market ETFs or indexes. Thanks all! +Hi team. I’m sort of a wheel strategy noob (18 months experience buying options, 1 month for selling CCPs), but looking at the macro environment, the Vix is lowest it’s been since pre-panda which means the cost benefit isn’t as good as it was anytime in the previous 12 months. + +Meanwhile valuations are at HISTORIC highs by any metric you measure by. + +It seems to me that it’s a good time to BUY options, rather than sell. + +Thoughts? + + +Long story short, both my parents passed away when I was ten years old. I went to live with my grandparents and they were under the assumption my parents didn’t have any sort of life insurance policy. Fast forward 20 years. A few weeks ago I was searching for some unclaimed property for my wife and stumbled upon an unclaimed life insurance policy belonging to my father. I submitted all the required documentation to make the claim and I made a search through NAIC and they confirmed he had a policy as well. They also informed me the reason for non payment was due to: “Death Benefit Previously Paid.” + +I’m assuming my mother would have been the benefactor. Would the insurance company pay out the death benefit to her, possibly not knowing she had passed away as well? Since the payout was never deposited or dealt with is this how it ended up in unclaimed property? Are there any issues I should look out for due to the 20 years that has passed since he died? Any advice or firsthand experience dealing with this sorta thing? + +Any advice you guys can give will be greatly appreciated. Thanks in advance. + +*ETA* + +I spoke with an attorney and he contacted the State’s UCP division. Once they verify all of the documents I submitted they will fill us in on all the specifics regarding the payout. I forgot to mention it before but I have no idea what the total dollar amount of the payout will be. I’ll post more updates if I figure anything else out. + +Thanks for all the advice/knowledge you all shared. +Update: + +I hope you can see the positive message in this little story because that has been my only intention when writing it. Also apparently silverback is a title that others have to give you. I’m just an individual with no title. Call me whatever you want. + +Original Post: + +I am a silverback ape from April. I worked for many years and I was lucky to have some investments I could sell to invest in GME (from April to September 2021). My cost average is probably $165. I have literally spent way more money on GME than u/RealPulte (respect). + +I found the original sub by accident, did two migrations with all the apes. Went through every episode of this saga including the Runic Glory and the Korean Ants (do you remember those?) + +So far I have invested all of the stock investment money I had in GME because honestly I don’t see any other stock that I am this zen about. Even with the Bed stuff — as much as I think there is a story behind it — there is no DD to support a GME style turnaround. I am patiently waiting to see what the Bed board does soon. + +So I have some cash set aside from the sales of my primary house earlier this year. At this point I am not touching it because I expect a huge market crash. That’s when this worthless cash will become something valuable. + +Here is my plan: after having already bought almost a couple of thousand moon tickets with my own hard earned money (DRS snapshot is in my post history), my next incentive to buy is when I can join the big guys. So if the GME price reaches $XX, I am ready to spend $XXX,XXX of my house money to buy up to 10,000 more GME shares. + +It’s a game and I love it. We all know they want the lowest possible price but are also afraid of the increase in buying rate. Individuals are continuously buying at every dip. However I am waiting for my moment to strike. I want to fly with the big guys. And I want to have the type of money after MOASS that changes the world. + +So what if the price never comes down that low? Good. My XXXX shares are enough and my investment will pay off. I continue to patiently wait for individual apes to buy their moon tickets and DRS. I want to see more real people buy GME with conviction rather than larger number of shares concentrated in a few accounts. + +But don’t get fooled by the FUD: GameStop stock will reach 100% DRS one of these days. Either by small holders buying more or large holders doubling down when they see a price they are targeting. + +MOASS is inevitable. Stay zen. +There have been a number of posts on here about the MOASS being the biggest transfer of wealth and that this will be used to do good in the world. The fact of the matter is, there should be no need for Apes to have to rectify the world's wrongs. + +Don't get me wrong, I live in a relatively deprived area. All the tell-tale things, like lower life expectancy, lower academic achievement, reliance on food banks and so on. I plan to do as much as I can with my tendies. + +However, the root of all these problems is the greed and corruption of the 1%. That cannot be let pass. It doesn't matter where on the political spectrum you sit, if the market operated as it was supposed to the 1% would still be filthy rich, but everyone else would be ok. + +We wouldn't need to argue about paying for free at point of access health care, or a real living wage. There is plenty to go around, more than enough. The 1% are nothing but leaches sucking the life from humanity. + +You are worth every penny my fellow Ape. Please, when you're in tendy-town, don't forget their greed. Its inhumane. + +EDIT: WEN LAMBO +Almost everything people discovered here was right. Shocking + +My main outtakes: +- market is manipulated (short ladders and spoofing/layering are real) - Dave actually analyzed historical deep market data himself +- last two FINRA meetings have been „interesting“ +- our orders never actually reach the real exchange, internalization of retail orders is actually terrible for the market, especially in combination with PFOF and frontrunning - orders are only send to exchanges as the last resort as they are the most expensive - basically called toxic exhaust (LMAO) +- more insights needed here in order to understand how OTC (internalizers) and Darkpools (called also ATS, alternate trading system) are actually preventing price discovery on the actual exchanges - Dave is not sure how price suppression and „walls at 180 bucks“ would work involving Darkpools. Needs more investigation and inputs here. Still, you cannot trade and quote outside NBBO as this would be illegal (rule 611). But actually for layering you do not really need Darkpools as this needs to happen on the open market +- GME OTC average trade size dropped from avg. 250 shares in late 2020 to about 40 shares since Jan 2021 for Citadel and Virtu - same shares traded back and forth or just retail piling in? - make your own conclusions +- price discovery mechanisms are completely broken in todays markets aka price does not matter and is artificial +- shares are rehypothicated multiple times and this is real +- Dave is looking into mechanisms how the FTD figures can be manipulated and mentioned specifically the different option strategies discussed in the subreddit - so yes, FTD official figures are just garbage and only tip of the iceberg +- as many as 90-99% of all orders in the market are possibly from HFT firms, when they stop quoting we see gap ups and gap downs - these gaps are sometimes just illiquidity contagions (aka flash crashes) and not actual manipulation +- due to increased HFT role and very low latencies, the market became more fragile as the HFT strategies incentivized by speed lead to self similarity +- regulators are not blind, just very very slow (one of his proposed changes took 7 years to implement…) - regulators are struggling to keep up with complexity and amount of data +- most fines are unfortunately just „slaps on the wrist“ and „corruption inherent in the system and the revolving door“, „fines are nothing compared to the damage caused“ and „seen just as cost of doing business“ - so basically „trying to enforce best execution is like trying to nail jello to a wall“ +- Last but not least: we should voice the issues to the SEC, Representatives etc. The more attention and pressure there is on the topics and concerns, the more likely people will see meaningful change implemented + +Thanks Dave! Amen apes. Hodl. 🚀 + +Please correct me or add stuff if I am wrong on any point. + +Not a financial advice. Only for entertainment purposes 🤡 + +PS: https://youtu.be/AYct0XX0uTU + +TLDR: 👊🍦🚀 +Been living in China 6 years. China doesn't have a legitimate stock market because of widespread government interference and corruption. The real estate scene is a huge bubble, propped up by the government. There is a limit on the number of houses one can buy (you can't buy land). So Chinese want to invest outside China, but the government will not allow you to send money abroad to invest. SWIFT transfers, whatever....not allowed for investment purposes. So Crypto presented a loophole for moving money out, and it was banned for that reason. + +In summary- Crypto = financial freedom. CCP no like financial freedom. CCP ban crypto. Simple. Nothing to do with the digital yuan. +Guten Tag to this global band of Apes! 👋🦍 + +Whenever there is a highly anticipated date, one thing that is certain is that the SHFs do all they can to try to depress Ape morale on that day. As seen yesterday, they started shorting and driving the price down right away, continuing the pressure throughout the day and driving the price to levels not seen since... last Friday morning. That's right - they didn't even wipe two days of gains off the chart, and they spent the whole day attacking. Do you recall what they could do last spring? When a determined price attack could halve the price in 15 minutes? DRS has put those days way behind us. Apes are HODLing like never before, and it's clear that while the SHFs were trying to provoke paperhanding or trigger stop-losses, their march to $213 was not achieved by Apes selling. + +We all know that this is going to continue to be a struggle for the SHFs to get shares back at a discount, but the past year has given us the Diamantenhände necessary to see our shares through to the MOASS. Apes around the world are HODLing, and no short attack will change that. + +Since the US markets are closed on Thursday, I'll be updating for the entire duration of the German markets. I may also do the entire session on Friday, since the US markets will close 3 hours early. + +Today is Wednesday, November 24th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$219.72 / 195,15 €** *(volume: 1943)* +- 🟥 115 minutes in: $219.48 / 194,94 € *(volume: 1509)* +- 🟩 110 minutes in: $219.58 / 195,03 € *(volume: 1459)* +- 🟥 105 minutes in: $219.14 / 194,64 € *(volume: 1450)* +- 🟩 100 minutes in: $219.56 / 195,01 € *(volume: 1397)* +- ⬜ 95 minutes in: $219.55 / 195,00 € *(volume: 1386)* +- ⬜ 90 minutes in: $219.55 / 195,00 € *(volume: 1353)* +- 🟩 85 minutes in: $219.55 / 195,00 € *(volume: 1188)* +- 🟥 80 minutes in: $219.54 / 194,99 € *(volume: 1170)* +- 🟩 75 minutes in: $219.73 / 195,16 € *(volume: 1159)* +- 🟩 70 minutes in: $219.59 / 195,04 € *(volume: 931)* +- 🟥 65 minutes in: $218.31 / 193,90 € *(volume: 808)* +- 🟥 60 minutes in: $218.65 / 194,20 € *(volume: 592)* +- ⬜ 55 minutes in: $218.73 / 194,27 € *(volume: 488)* +- 🟥 50 minutes in: $218.73 / 194,27 € *(volume: 452)* +- 🟩 45 minutes in: $218.79 / 194,32 € *(volume: 439)* +- 🟩 40 minutes in: $218.72 / 194,26 € *(volume: 426)* +- 🟥 35 minutes in: $218.66 / 194,21 € *(volume: 410)* +- 🟩 30 minutes in: $218.79 / 194,32 € *(volume: 406)* +- 🟥 25 minutes in: $218.20 / 193,80 € *(volume: 262)* +- 🟩 20 minutes in: $218.21 / 193,81 € *(volume: 238)* +- 🟩 15 minutes in: $218.13 / 193,74 € *(volume: 204)* +- ⬜ 10 minutes in: $218.11 / 193,72 € *(volume: 170)* +- ⬜ 5 minutes in: $218.11 / 193,72 € *(volume: 133)* +- 🟩 0 minutes in: $218.11 / 193,72 € *(volume: 118)* +- 🟩 US close price: $213.90 / 189,98 € *($217.02 / 192,75 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1259. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Edit: they will also accept small amount of coins (and PAY you) to show you they are legit (and lure you in), and then they'll try asking you for bigger amounts (and give you an even better rate). Read comments below. Scamscamscam + +Edit2: Thanks to whoever sent me reddit gold! First time ever receiving those, I don't even know what they do, but reddit says it makes me dapper haha! + +Whats up guys! I have noticed a lot of people commenting how they use bitcoinatrade to make an instant profit off of their eth. I am suspecting these accounts are actually from the bitcoinatrade people themselves trying to lure people into using their service. Eth is about 50$ more expensive there, so you'd think oh hey im buying them at 200, instantly selling at 250$, rinse and repeat and voila! Pure profit! + +&amp;nbsp; + +Now, I dont know if they are legit or not (personally I find this pretty suspicious), but once again that is my opinion and please do take it with a grain of salt. I just don't want anyone from this awesome community to get burned! Check these two links out (and read through comments, if there are any) and make an opinion for yourselves! Please upvote this asap for visibility to make sure no one gets burned! + +&amp;nbsp; + +https://np.reddit.com/r/ethtrader/comments/5j3k7w/the_pairs_ethusd_ethgbp_and_etheur_are_now/ + +&amp;nbsp; + +https://np.reddit.com/r/ethtrader/comments/6ddg08/please_dont_use_httpsbitcoinatradecom/ +I see great financial opportunity in having a few section 8 rentals, but I am mostly interested in learning strategies while at the same time being an ethical investor. + +Any tips or good reads? +&#x200B; + +&#x200B; + +https://preview.redd.it/m5tw25x8b6b81.jpg?width=1800&format=pjpg&auto=webp&s=a6d98a65a43a4646795b73789b8f0963894b0638 + +&#x200B; + +I've watched on-chain data for years. I'd argue that currently, it's the most bullish I've ever seen it, and the micro backdrop looks the same. I'm calling for $500k in the next 12 months. Longterm holders are in a longterm uptrend, while short-term holders are in a longterm downtrend. When you consider the halving we had in 2020 (which means only 6.25 coinbase per block), the rise of commercial mining (which means huge amounts of HODL'ed bitcoin), the parabolic growth of the LN (which means ever increasing amounts of BTC locked in nodes), the explosion of hard wallets (Trezor will give you 13% off if you wait to buy yours, and Ledger tripled its capacity), the possibility of spot ETF's (which means pension, IRA, and institutional exposure), and that 90% of all BTC has already been mined (the last 10% will take over 100 years to mine), there's not much time left until we reach the counterpoint. That's where governments, financial institutions, and wealthy families late to what we've known as inevitable, compete for the last large tracts of UTXO space on the blockchain, and bring about the type of volatility that the gold/papiermark enjoyed, just before bitcoin's transactional (medium of exchange) epoch arrives: + +&#x200B; + +https://preview.redd.it/dtjkna3cb6b81.png?width=601&format=png&auto=webp&s=3c5a310fb1c2c31678582e086a9bd05b54236542 + +On the micro side, all the publicly listed bitcoin companies (miners, FinCen, etcetera), are at exhausted RSI's and trading at or below 52-week lows. The perp funding rates are negative. Futures ETF's have been in a consistent downtrend since November. The fear and greed index reached multi-year lows two days ago. Too, the massive amount of Asian selling is drying up (Huobi alone dumped 350k coins over the last quarter and several exchanges dumped all their Chinese customers). But you'd never know any of this from the story on-chain data is trying to tell us that dumb money isn't heeding: + +https://preview.redd.it/stqgygmyb6b81.jpg?width=1800&format=pjpg&auto=webp&s=78ae90722bc8c98455aef5e353d922f4e7a49591 + +&#x200B; + +https://preview.redd.it/p7bjjtv7c6b81.jpg?width=640&format=pjpg&auto=webp&s=a10a5ca31e4c4e6028b53172221bd5f3649bf758 + +So for me, I'm going to follow the subtext, and not listen to the noise. I'm going to trust the math. I'm going all-in with my dip money which I usually keep at 5% of my BTC holdings. I'll do so un-hedged, and prepare a loan on my BTC in the event one of the below FUD's drives us down briefly. + +**FINAL FUD** + +There are 3 potential FUD's this year, and after, there won't be anymore, ever. + +* Regulation. This will obliterate altcoins and almost all stablecoins. +* Mt. Gox distribution date +* Russian invasion of Ukraine. This could spike energy prices, clobber mining's economy of scale, and force distribution of several miner's holdings to pay overhead. Kazakhstan produces energy at .04-.05 cents per kWh, which is about the cheapest in the world and has 20% of the hash power for example. Adding .01 to that is extremely severe. + +Bitcoin will pivot off all of this quickly. +https://www.marketwatch.com/story/anonymous-trader-buys-400-million-of-bitcoin-2018-02-16 + +"Go big or go home. That’s the motto of one mysterious investor who put his chips on the table, buying close to $400 million of the No.1 digital currency, bitcoin. + +The purchase comes as cryptocurrencies are making a comeback after a dreadful start to 2018. Major digital currencies lost as much as 50% to start the year as growing regulation and security fears crippled the market, seeing traders bail on their positions. However, the tide has turned. + +The unknown trader with the bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased the coins between Feb. 9 and Feb. 12, taking his bitcoin balance from 55,000 coins to more than 96,000." +Just wanted to say a big thank you for all the good advice and of course that flowchart! + +After many years of never seeming to have any money I found this place and boy it’s changed everything! + +It’s taken me about 18 months but I’ve finally got my debt paid off, an emergency fund set up and have just opened a pension. +I never thought I’d ever be able to achieve this so I just wanted to say thanks to you all! + +Cheers all! +* Russia is going to attack Ukraine in a scorched earth "total war" reminiscent of Sherman's march. +* The entire western world is going to rally around Ukraine and supply it with weapons, munitions, food and supplies while enacting suffocating sanctions on Russia. +* Ukraine's defense will hold. +* Brent crude will spike 35% between December 2021 and May 2022. Gas will be $4-5 per gallon in the US. +* China will implement zero tolerance lock downs in major cities in early 2022, creating work stoppages akin to a general strike. +* Various unmentionable alternative currencies will have their price slashed by half in the span of one week in May 2022. +* Babies will die from contaminated baby food, leading to a nationwide US formula shortage. +* Large parts of the globe, including India and Pakistan will be suffering an intense, protracted May 2022 heatwave. +* Notre Dame cathedral is going to partially burn down during renovations. +* A high-rise condo in Surfside, Florida will pancake, collapsing and killing those inside. +* One of China's largest developers, Evergrande, is underwater and about to default. +* Bill Hwang and Archegos Capital will lose $20 billion dollars of clients money in 10 days during March 2021. + +Looking at all the predictions and hindsight bias the last day or two is fascinating. Everybody seems to know what the fed ought to be doing. They're certain what it's already done is too little. Or too much. Or too late. It's definitely wrong, though. But they're certain what needs to happen now, if only Jay Powell would take their call. + +I'm curious. If you already divined these global events, ***why the hell didn't you speak up a year ago***? + +98 people died in Surfside who could be alive today if you'd just spoken up sooner! I'm sure Ukraine's children and elderly would have appreciated a heads up a few weeks before they were relegated to a living hellscape. +As per the title, I'm seeking to compare returns over a few decades from buying, managing, renting and potentially selling real estate properties VS buying shares in a real estate company like Brookfield Property Partners $BPY which pretty much handles all of the above and pays you dividends at the end of the day.. Opinions? Experience? all welcome +I read Mohnish Pabrai's "The Dhando Investor" last week. Pabrai wrote the book in 2006. In it, he talks up Joel Greenblatt quite a lot, second only to Buffett. And he talks about Greenblatt's highly concentrated portfolio strategy, only holding maybe 10 stocks at most. + + +Flash forward to today, and it's a completely different story. Gotham Asset Mgmt appears to own a tiny piece of just about everything. 1278 holdings according to [whalewisdom.com](https://whalewisdom.com)'s tracker. + +&#x200B; + +That's a big shift. Anyone know the story? +A few days ago I noticed that a couple suspicious charges had shown up on our credit card. One was for around $100 at a Shell station in New Jersey or something. Another was a $200+ charge at Nautica and the third was around $150 for Snapfish. A quick check with my wife confirmed that she hadn't made these charges. We called the credit card and reported the cards as stolen and started the process of getting these charges removed. + +Today I came home to find a couple packages. One was a giant box. It was from Snapfish. Inside was a big framed canvas of a drawing of a random girl. The other package was...sure enough, from Nautica. Someone had ordered a couple expensive wallets. I noticed that they misspelled my name on the address label. + +So...what's the point of this? Assuming that someone got their hands on our credit card info, why order random items and have them shipped to our house? This all feels very suspicious, but I'm failing to understand the scam or how this benefits the scammer. +Suppose you bought your shares in Sears at the beginning of 1989. Back then, Sears Stock ($S) was trading at about $16 per share. You would have had purchased 6,200 shares of stock with a $100,000 investment. + +Sears stock paid dividends. + +From 1989 through 2005, Sears would have paid you $125,000 in dividends. + +In 1994, Sears spun off Allstate. Each Sears shareholder received 0.93 shares of Allstate for each share of Sears. So you got about 5,766 shares of Allstate. In July 1998, Allstate shares split 2:1. So now you would have had 11,532 shares in Allstate. + +Allstate is currently trading at $94 per share. That’s $1,084,008 + +Allstate paid dividends. Since IPO, they would have paid $277,690 on all your shares. (Not reinvested) + +In 1993, Sears spun off Dean Witter. Each shareholder of Sears got 0.39031 shares of Dean Witter for each share of Sears. You got about 2,400 shares of Dean Witter. + +Dean Witter then acquired Morgan Stanley, (they took the Morgan Stanley name) In 2000, it split 2:1, so you now have 4,800 shares of Morgan Stanley. It split 1:3 in 2004, making your investment 1,600 shares. Morgan Stanley is now trading at $41.19. So you have $65,905 in Morgan Stanley. + +Morgan Stanley paid dividends. A total of $65,688 since being bought by Dean Witter. + +This brings your initial $100,000 investment in Sears in 1989 to **$1,618,291** without reinvesting dividends! + +**Edits**: Commenters gave me some reminders of other spin-offs. + +Morgan Stanley spins off Discover in 2007, at 1 for every two $MS shares. This would give you 800 discover shares. Discover is currently trading at $69.72. This would net you a total of $55,776. + +But discover paid dividends! A total of $6,560 since you acquired the shares. + +In 2012, Sears spun off Sears Canada, giving each shareholder 0.42 shares per sears common stock. This would give us 2655 shares of Sears Canada. Sadly, this is only worth $50 flat today. Fortunately, they did pay dividends. A total of $34,515 since you acquired the shares. + +Sears spun off Lands End in 2014. Gave you 0.3 shares per SHLD share. You would have acquired 2295 shares of Lands End. At current share price, this would net you $39,451 + +Additionally, Sears still exists. Sears stock is worth $1.70 per share now. This would be an additional $13,953 on to your total return, given their split history. + +In total, your return without reinvested dividends comes to **$1,768,596** + + +For comparison, the largest Bitcoin wallet is the Binance coldwallet and it holds approximately 1.40% of the current circulating supply while the largest Ethereum wallet is the Eth2 Deposit Contract which holds 7.6% of all Ethereum. + +The largest Dogecoin wallet, which currently holds $5 Billion in Doge of its $21 Billion market cap is very mysterious. It was thought to be Robinhood or some other exchange but that has previously been dismissed by the Robinhood CEO himself. + +[Doge wallet with 23.17&#37; of the entire circulating supply](https://preview.redd.it/go0edwi8nic81.png?width=1436&format=png&auto=webp&s=67d99e6b36c56bcf24470f6676421f98dee70f4f) + +Any wallet that holds over 23.17% of the current supply has more than enough to rug pull an entire coin to near zero. Even half of that can cause the price to crash to unrecoverable levels due to how liquidity and market caps work. + +According to Forkast, + +>For new cryptocurrencies, if the top 10 wallets hold **more than 20% of the** token, or worse, a large percentage of the token is held in a single wallet, then this is a dangerous sign of a potential rug pull. + +**For Doge, the top 14 wallets own 46.11% of all Dogecoin.** + +TLDR: Avoid any Cryptocurrency that has wallets capable of rug pulling the entire project. Don't let a false sense of security take over just because Doge is popular. It still does not make Doge immune to rugpulls. Never let yourself be at the mercy of a single wallet. + +EDIT: The amount of people on the comments claiming it to be the Robinhood wallet DESPITE Robinhood's CEO publicly stating the company does not hold that much Doge as far back as May is the same argument Shib shillers make. It is careless copium. [https://www.marketwatch.com/story/a-25-billion-dogecoin-whale-lurks-but-robinhood-ceo-says-we-dont-have-significant-positions-in-any-of-the-coins-we-keep-11620326508](https://www.marketwatch.com/story/a-25-billion-dogecoin-whale-lurks-but-robinhood-ceo-says-we-dont-have-significant-positions-in-any-of-the-coins-we-keep-11620326508) + +Moreover the fact that some people find safety in a company like Robinhood is just stupid. +SC is very undervalued at the moment... I think It is just a matter of time before the price will explode, see the fundamentals of the project. Incredible. + +8th of June: http://www.ibtimes.co.uk/sia-takes-cloud-giants-blockchain-based-decentralised-storage-1625126 + +Today: https://www.inc.com/brian-d-evans/blockchain-tech-company-sia-siacoin-could-disrupt-dropbox-and-amazon.html + +What are your ideas? +I'm very interested to hear about the coin that you're most bullish on and your reasons! + +For me it's probably KDA as it a really scalable blockchain. + +Let me know ya coin and reasons! 🚀 +My car was totaled a few months ago and I haven't been able to afford a new one. I spend at least $150 a week on Uber's to and from work. I'm on my last day that I can afford Uber rides for the week. I've asked my co-workers who passed by me to work and they won't help me. I can't find any friends that can help me consistently. I don't want to quit my job because You can get raises pretty quickly based off of performance and I've been doing all right and I know I'm not going to find a job closer that has the same pay. I have nothing saved right now and I just don't know what to do. Any ideas? +If privacy in the crypto world is of any importance to you, it really doesn't get more "private" than Monero(XMR) .. In fact it is so private that the IRS desperately [published a $625,000 bounty](https://www.interactivecrypto.com/irs-625-000-bounty-for-breaking-monero-and-lightning) for breaking Monero so they can trace transactions. It has been 2 years since then and they still haven't been able to crack the king of privacy. The main point of crypto is to fix the problems of traditional currencies by putting the power and responsibility in the currency holders' hands, and I would say Monero definitely achieved that. +I have been invested in crypto for about 2 years but have never thought about trading it, should I do it? if I should can anyone direct me in the way of maybe some scripts or api to trade through coinbase, I have some knowledge in coding and some in crypto but I feel like I could make more or try to make more then just sitting on my money +So I realize this will come off as aggressively opportunistic, but given the massive economic upheaval currently going on, I want to know if anyone has insight into finding more desperate sellers of illiquid assets. Given the huge number of businesses facing potential bankruptcy, and general financial stress, it seems like there should be an opportunity for those with cash available to make cheap purchases. Are there efficient means of finding these opportunities? The types of assets I mean are things like yachts, planes, collectible cars, art, really anything of high value where the typical market would be broken in this environment. +I am looking for everyones opinions on the valuation of Canadian crypto miners. Especially in light of the recent announcements of HUT8 and BitFarms uplisting to the Nasdaq exchange the valuations seem extremely low when compared to RIOT and MARA. + +Canadian + +HUT8 Hashrate: 1073 PH/s (taken from website) + +HUT8 Valuation: $484 M (USD) + +BITF Hashrate: 1420 PH/s (taken from website) + +BITF Valuation: $645 M (USD) + +American + +RIOT Hashrate: \~1450 PH/s (Hard to find current operational output) + +RIOT Valuation: 2.61 B (USD) + +MARA Hashrate: 1400 PH/s (Hard to find current operational output) + +MARA Valuation: 2.64 B (USD) + +&#x200B; + +This seems like a huge discrepancy in valuation for companies with very similar business models. + +Does anyone have any thoughts on this? +So I’m sure you’ve all heard the refrain of “landlords shouldn’t be able to complain about the moratorium, they took on the risk of the investment and shouldn’t be guaranteed a return.” And I’m sure you’ve all been frustrated trying to explain why this is a false equivalency. + +Last night I got into a (polite) argument with a good friend of mine whom I quite admire but was of the above conviction, along with a number of other socialist policies. I got into the heat of the thing and — perhaps it was the whisky — came up with what I felt was an appropriate analogy, and which completely changed his view of the matter. So I thought I’d share. + +I told him to imagine you were 25, and after finally digging yourself out of debt had saved up your first $1,000. While at thanksgiving, you mention it to your uncle, who explains the importance of putting money away when you’re early. + +“I’ve got a friend who manages investments, he can make sure it’s invested in smart bets.” + +“Okay,” you say. It makes sense what your uncle is saying and you trust him. + +“But,” your uncle warns, “the stock market isn’t a sure thing. It’s a risk and you’re not guaranteed a return. Hell you could even lose the whole thing.” + +You say you understand. You know a little about the stock market and know it’s not fair to expect a guaranteed investment. + +The next day, you head over to the investment firm. Your uncles friend greets you warmly and agrees it’s a smart bet. + +“But remember,” he says, “the stock market isn’t a sure thing. There’s always risk.” + +You say you understand, and write him a check for the $1,000. + +You go about your life, checking in occasionally on your investment which, sure enough, goes up and down. But one day you check and it says $0. + +“That can’t be right,” you think to yourself. + +You call the investment manager, but he doesn’t pick up. After trying a few times you call your uncle. + +“Oh,” he says when you ask him about the banker. “Turns out he ran into some tight financial times and ran off with everyone’s money. You should call the police.” + +Frantic, you call the police who tell you to come down to the station and file a report. + +“Yup, we’ve had a few of these reports already today. We’re looking for the guy.” So you head down to the station and talk to an officer. + +“Will I get my money back?” You ask. + +The police officer gives you a sympathetic look and says “hopefully you’ll get some back, but I wouldn’t hold your breath.” + +Dejected, you leave the police station. On the way home, your misery gives way to anger and you call your uncle to give him a piece of your mind. + +“Hey,” your uncle says. “I told you investing in the stock market was a risk.” + +*** + +That is what the whole “oh investing in real estate is a risk so you shouldn’t expect a return” argument is like when posed against the moratorium. And the problem here is that it’s not just one off instances of theft — it was state sanctioned theft. And the whole “hey you might be able to recoup some of your losses” argument is as hollow as the police officers remark that they might be able to get back a piece of your $1,000. +Working on my goal to retire in 5 years, but if you spend any time on the FIRE-related subs (FIRE = Financial Independence Retire Early), they mostly preach a SWR (SWR = Safe Withdrawal Rate) of 3% to 4%, depending on which sub you're on, which then requires a portfolio of 30-ish times your desired allowance. Substitute in whatever reason you want, here (I hate my job, I'm impatient, trading using thetagang = retirement and I'm ok with "working" a couple hours a week, etc.), but I'm wondering about a DIFFERENT philosophy, maybe call it FIRESOFT (Financial Independence, Retire Early, Supplemented by Options Focusing on Theta). It seems to me that this meets a lot of the traditional FIRE goals, but offsets some of the lottery-style techniques I see in the other subs ("If I just get this one stock bet right, then I'm there!"). Thinking through the requirements, and PLEASE feel free to add to this list: + +1. Clear rules for trades, based on whatever thetagang style you prefer, so that you can continue to "work", but you're not spending huge numbers of hours doing research, monitoring risky trades, etc. + +2. Theta-based techniques that work in bear markets as well as they do in bull markets (I know this is true, intuitively, but our bull market has persisted for so long, a lot of us are just plain spoiled by the "tried and true" techniques). + +3. Willingness to follow your rules, so that your "retirement" can be enjoyed, because you don't have to waste a lot of emotion on managing your portfolio (in my mind, I'm checking in ~3 times per week, an hour or two at a time - that feels like "retirement" to me - YMMV). + +Thoughts? It's thetagang, so I'm not expecting to get roughed up TOO badly, but it's also the internet, so... you never know. In any case, hope your weekend is AWESOME!!!! +Trying to keep it as simple and easy as possible. Want to invest for long term . i am going to set auto invest and reinvest dividends into my brokerage account and forget it for years. How should i split the money on weekly basis + +i have this portfolio in mind + +$75 vti + +$75 SCHD + +$50 QYLD + +$50 Jepi + + +i am thinking half growth half dividend income. is that good or should i try different . Thanks in advance + Okay, I'm so new to the cryptocurrency world, and I'm learning on a daily basis, but with my current situation, I don't really have time to sit there and trade and do all that jazz. Since I work as a full-time machine operator, the days get longer and my wife is currently pregnant. So, I must dedicate most of my time to her, and I am trying to find a solution to save my time on trading. I've heard about crypto bots which in my case would be a life savior. But now, inexperience comes to play. But I did some research and found a few bots that could be a tool for me. There is this one[ (peccala](https://www.peccala.com/)) that seemed to be a good fit for me because it says it will allow you to just sit back and relax. And I'm quite confident in my TA knowledge if ever I need to interfere. But the downside is that it’s not launched yet, and I don't know when it's coming out. So currently, I’m looking for some other choice that I can use,[ Coinrule](https://coinrule.com/) is an option just because of its mobile capability But just don't want to use my phone because I do have a computer I like using it, and seems to be simple to me. So[ Cryptohopper](https://www.cryptohopper.com/) is also an option lol. But since I don't understand many of them, I thought I could ask you guys for some feedback. on which crypto trading bots you prefer and why. +Hi AF, posting here for some advice on what to do in my situation. + +I'm 23m, currently living at home with my parents and we get along pretty well however I started a new job earning about 80K pa that's pretty far away from me, about a 3 hour commute daily round trip. + +I'm thinking of living closer to work, the 3bd townhouse I'm looking at I would be sharing with 2 others for $200/wk bills including bills and would be a 15 minute walk from work so I'd save about 2.5 hours a day. + +Do you think I should move out or just deal with the 3 hour commute? I should add that I'm a contractor so the contract would only be for 6 months, I could probably extend it but I will most likely look for a different contract after. + +What would you do in my situation? Cheers. +I work at Walmart and every shift I have to buy something. Whether it's something small for $1 or something for $20. They're usually something completely random like a candy bar, a hotwheel that I think looks cool, or something I think I'll "need", but never end up using(headphones, chapstick, bag, etc). Basically I just buy stuff on impulse and never second guess myself. I used to buy lunch everyday, but now I started bringing my own. So there's a start, I guess. +I recently finished rehabbing my first house-hack property. + +I have zero expenses beside the house, and have a full-time stable income of about 40k year + +I have about $10k liquid and no clue what to do with it. + +Per my financing, I have to live in my current house-hack for a year. + +My goal is to buy 4 more units of buy-and-hold discounted multi family, this year. + +What strategy do you recommend I take in the coming months? + +(Added age for context of life situation) +Those subs are a place for crypto discussions, not gme. Regardless of the obvious connection between the recent crypto crash and MOASS, it is not our place to go over there and try to "recruit" and post off topic discussions. All apes need to find us on their own and make their own decisions. Recuritment could be seen as MARKET MANIPULATION and could be used to fuck us in the end. Giving awards to improve visibility on posts related to gme could fall into that category. Better safe than sorry, dont do it. + +Just let crypto subs be about crypto. They are not isolated, they have heard about the MOASS. They are adults, let them make their own decision. My hunch is as we get closer and closer to the MOASS more people will be piling in here to blow down lines of crayola and ride the rocket to mars. ORGANICALLY + +I've already seen posts over there that say they want to auto remove all posts regarding WSB "conspiracies". Is that how we want people to look at us? The more we stick our noses where they dont belong, the more anti gme posts will start being posted over there, plain and simple. This hurts apes mission. https://www.reddit.com/r/CryptoCurrency/comments/njloc5/hot_take_the_wsb_avatars_that_have_flooded_this/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/CryptoCurrency/comments/njln72/can_we_officially_decide_that_wsb_posts_and/?utm_medium=android_app&utm_source=share + +Think of it this way, you're a new crypto investor and havent heard about MOASS. Your first exposure to the MOASS is on another sub talking about how we are all crazy and are going to lose all of our money. This post he read was made by a guy who just wants r/cryptocurrency to be purely about crypto. Potential new ape is now an agent of FUD and tells him what he read. You follow? + + + +How would we feel if some other group came in here and started posting non gme related content? We wouldn't like it. Hell, we dont even like when AMC apes post in here. + +Recruitment should not be tolerated and it hurts fellow apes. Dont do it. + + +THAT BEING SAID +I welcome you new guys with open arms. Read the DD in the side bar, check out the AMAs and get informed! + +BUY HOLD AND VOTE + +peace + +Edit: Added some examples of negative posts from R/cryptocurrency +I got pregnant right around the time I bought my first few shares of GME, and I'm not one of the early ones. She was born full term a couple weeks ago. Where's my fucking tendies, Kenny? Where's any sort of action or acknowledgement of what's going on, GG? I made an entire person. Surely you guys can do SOMETHING! + +My first shares were bought around $350, and I've averaged down since then. I'm a small ape, only XX shares, but I hate the idea of having to work and not being around for a large portion of my kids' lives. In a couple weeks, my husband has to go back to work. I will have to go back about a month after. + +This is all bullshit. My kids deserve better. I deserve better. You deserve better. Why the fuck does Kenny and all the other SHF assholes get to keep spending their time and money how they want? Why are they allowed to have everything, while all I'm asking for is the ability to spend time with my kids? + +Okay, end rant. Thank you for listening. + +Edit: I'm not sure why many of you think I'm not patient. You can be angry and patient at the same time. My rage fuels me to keep buying, keep caring, keep hodling. I've DRSed many of my shares, and I'll continue to invest in my favorite stock as frequently as I can. I can still be mad about the whole economic system though +As the title states I was victim to a scam of around £1400 in total, early last year I started my own business reselling designer clothes and shoes and I was doing okay for myself. I also work part time and in full time +education and this was a side hustle to kind of pay for social life as my part time job paid rent and other necessity’s. + +Someone noticed how well i’m doing and sent me a link to there website (I can’t disclose) and it seemed to be a legit clothing retailer with really good prices, I was speaking to this guy for around 5 months being weary before placing my first order with him for a customer. The item was a designer belt and I paid less than retail and even charged my customer less than retail, the belt was confirmed 100% authentic and the customer was happy. + +Fast forward a few months and someone messages me asking about some clothes they were looking to buy so +I again reach out to the owner of this website asking about this order and if he could be able to get or has any of the items in stock, he told me he did and I was asked to pay by bank transfer, (early december) after speaking to this guy for so long +and having a successful order in the past i trusted it and ended up placing 3 separate orders equating to around £1300, these 3 orders consisted of around 7 items. It gets yo-yo christmas and i still had not received any of these items so i message him and 3 weeks later I get 3 of the 7 items in the post. + +I message my customer who purchased them telling them they arrived and then checking them, all 3 items ended up to be fake and upon asking the guy about why they were fakes he said “i never check the authenticity or certilogo codes and they are 100% authentic not sure why it’s showing up as not bro” + +after realising I have been ripped off I head to my bank and they basically say I can’t do anything about it and to just contact citizensadvice and fill out the forms for “Financial ombudsman” which I have done. + +I have people angry at me and need a way to scrape together £1400 to avoid being slaughtered by angry customers who have been waiting almost 2 months and I have no idea what to tell them or how to reimburse there losses. + +Any advice would be really appreciated. I’m super stressed and struggling +with my course work and my mental health over this situation. I even spoke to my professor and he pretty much said there’s nothing i can do and that’s made the stress 100% worse. I have no one I can reach out to on this especially as I don’t live with family and they are not in good financial states. + +Unclear if this is the right place for my post but I really need to scrape together this money. +I COULDNT BE MORE STOKED!!! WELCOME TO THE GREATEST STOCK!!! I JUST LOVE THE STOCK!! + +BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS + +RC TAKE US TO THE MOON 💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀 + +RETAIL IS THE WHALE 💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀 + +I JUST LOVE THE STOCK!! I JUST LOVE THE STOCK!! I JUST LOVE THE STOCK!! +I wish my broker had shares available to short and puts weren't this expensive. It may squeeze further, but it makes no sense. I don't think I've seen a more expensive stock. +Assuming that all theories are correct, MOASS will be squeezing during one of the largest market crashes in history. There will be one security (maybe more, depending on how many have been shorted into oblivion) that’ll be green in a sea of red. People will panic under immense losses and try to hedge. What’s the best hedge that they can think of? Oh, right. That one security that’s spiking to unimaginable levels. People buy in, thus +exacerbating the squeeze as non-“meme” traders finally see what was brewing. + +Edit: just had a second thought that if tons of traditional retail investors buy in without knowing of its background, this will cause a lot more dumps during MOASS than we expect. This will NOT be a clean movement upwards, but an insane rollercoaster, making HODLing so much more important. +If you've been following along with my posts, you'll know I track deep worthless OTM puts which SuperStonk has suspected of being used for married puts to defer FTDs. If you're new, you may want to catch up with my previous posts: + +* [Historical GME 7/14/21 Options OI to see how many cans got kicked & how far](https://www.reddit.com/r/Superstonk/comments/ocen11/historical_gme_71421_options_oi_to_see_how_many/). This was my original post when I realized we can see exactly which day options are opened. And, by looking at which expiration, we can see how far cans get kicked. +* [Peek-a-boo! I see you 79M hidden shorts!](https://www.reddit.com/r/Superstonk/comments/odsded/peekaboo_i_see_you_79m_hidden_shorts/) is where I start tracking these suspected hidden shorts by focusing on new opens during GME's Jan spike. +* [Peek-a-boo! I see 103M hidden shorts! (Part Deux)](https://www.reddit.com/r/Superstonk/comments/oenvoh/peekaboo_i_see_103m_hidden_shorts_part_deux/) is where I learned to use delta to determine that a newly opened option is actually worthless which allows for a really good estimate of how many worthless options are opened to hide shorts during GME's Jan spike. + +As we see those cans in Jan 2021 kicked down the road to various expirations, we're now going to see *where* those cans are kicked. We see many of those cans stacking up in the upcoming July options expiration so we'll start there. + +I used the same GME Options data set from [https://www.historicaloptiondata.com/](https://www.historicaloptiondata.com/) for 2021 up to end of June (best $21 ever spent). I looked at the end of June (6/30) to find which July Put option has the most OI: July $0.50 Put with 148k OI. (The runner up is the $1 strike with 30k OI so I'm going to skip that for a cleaner chart.) + +I extracted the daily open interest data for that July $0.50 Put and then calculated the new Open Interest for each day. This OI Change effectively shows you how many of those Puts were opened (or closed) that day. When we look at the July $0.50 Put line (blue), there's a noticeable spike in March. + +So I did the same for the highest OI Jan 2022 leap puts (@ $0.50 strike) and the highest OI March 19 Puts (@ $1.00 strike). (Of course, for the options expiring March 19th, I had to get that data as of March 19th instead of June 30.) The second highest Jan 2022 leap put OI was the $1 strike with 29k OI and the second highest March 19 put OI was at the $10 strike with 37k OI. I'm setting these aside for now because you can see the trend with just the highest OI at the deepest OTM strike and this keeps the chart cleaner. + +Have a nice chart: + +[Put Open Interest Change per Day for March, July, and Jan 2022 Leap Options](https://preview.redd.it/u3armgxwrm971.png?width=1452&format=png&auto=webp&s=85e3e66ebf404f7c9f2b3f02ab870b6ba3f5ace3) + +Here we can see lots of March 19th $1.00 Put options (green line) being opened in January at the "Oh Shit" moment and again in late February (presumably soon after the Feb options expired). This suggests the March expiration was used twice for can kicking from Jan and then again in Feb. + +As the worthless March puts expired worthless in mid-March, you see a huge spike of new worthless July $0.50 P options (blue line) being opened up. Effectively, we're seeing cans that were kicked only a couple months out to March being kicked out again to July. + +As July expiration comes up, we see 148k (@ the $0.50 strike) and 30k (@ the $1.00 strike) options expiring which is a solid 178k deep OTM puts almost certainly being used to hide about 17.8M shares just at those bottom two strikes. As of March 19, the deltas for all July option strikes below $13 have been 0 which means upwards of 273k worthless puts (probably hiding over 27M shares) are coming due. (As of March 19th, delta is under 0.01 up to around the $26 strike so many people would probably consider those to also be worthless. Why open worthless options positions?) + +[ToS showing deltas for options as of March 19th](https://preview.redd.it/yl58wsuk6n971.png?width=5000&format=png&auto=webp&s=53537adfaf50a915e3f1022c0c7fa083d8cbbf8e) + +With this analytical approach, we can see which future expirations those cans get kicked to. *And*, we can estimate the number of cans by summing up the new OI for options with delta < 0.01. + +I'm looking forward to doing another analysis towards the end of July! Thanks for reading! + + +Edit: Fully spell out SuperStonk. Credit u/b_h_w +I have been trying to sell options on SPY because it has the shortest term contracts I've seen, and I deluded myself into thinking that if I can afford to sell contracts on it, I'd be at an advantage since 100 shares is worth about $45-47k on a given day. + +I tried selling a single ATM put with a one day expiry, just before the news for Omicron hit, so I ate a massive loss on that one. I now tried selling ATM CCs, and of course things are now bouncing back. I'll make a little bit back from my loss on selling the put, but not nearly as much as if I just held the stock. + +I'm trying really hard to make risky plays to make a little bit of money. It's a bad mindset, but I'm trying to stay the course and tell myself that selling options is the way. + +Would I be smarter to rely on longer contracts right now, like weeklies? The reason I keep selling ATM is because I feel like SPY is trading sideways, when looking back, it seems more like it's swinging wildly. + +I'm mostly interested in reading opinions. I've taken risks and lost, and I'm trying to learn from it. + +(I've lost about $3k in a week, and I hate admitting that) + +\*Just a follow-up, I closed those calls then resold with a farther DTE OTM, lesson learned +As some of you know, the greatest investor of all time, no not Warren Buffet or Peter Lynch or Bill Gates, I am talking about Nancy Pelosi you bums. She has calls on Roblox, which reports its earnings next Wednesday. + +Remember, the genius Pelosi bought calls on Google before it split, bought Disney calls, which had spectacular earnings. Now her next move is Roblox calls, and it will no doubt go up or Pelosi will cancel Roblox. +Let's admit it. We don't have a clue how, when and why the price of BTC reacts the way it does. We scream manipulation only when the outcome doesn't favor us. Uptrend manipulation is still manipulation! + +There are big and unknown figures at play here. We're just pawns in the grand scheme of things. There's no denying that. The only thing we, small retail investors, can hope for is to ride the waves and hope we can reach the destination. + +The technology is solid. I cannot imagine the future without BTC being implemented in our lives one way or another. That fundamental is the reason why I can remain sane during these insane market movements. + +Just don't make decisions based on your emotions. That's what "they" are hoping to cash in on. +Hello everyone, so a quick bit of info about myself. I am currently 21 years old, male, and have one year of college finished. I live with my parents rent free and only pay for my phone and car insurance. I have been paying my way thru college (albeit a bit slowly because of a bit of goofing off at first, and since up until recently I was only making 7.25 an hour) I now work 24 hours a week (all im gonna get) and managed to snag a job at 18 an hour. + So if im being 100% honest im in school because thats what I was told would make me successful. I loathe school and really dont have any specific passion. I look around and see my friends graduate with 25,000 dollars or more in debt and those same friends either cant find jobs or make less than I make currently. My current job has no room for promotion so its just a decent hourly wage for now. + What the hell should I do?! A trade maybe? Are they a smart move anywhere I can find info or any you recommend? Im realistic about life and try not to expect much so my 5 year plan with hard work hopefully involves me making 50k a year eventually. +You can once again claim tax relief for additional costs if you have to work at home on a regular basis, either for all or part of the week. This includes if you have to work from home because of coronavirus (COVID-19). : [https://www.gov.uk/tax-relief-for-employees/working-at-home](https://www.gov.uk/tax-relief-for-employees/working-at-home) + +If you pay the basic rate of tax and claim tax relief on £6 a week you would get £1.20 per week in tax relief (20% of £6). It's even more for higher rate tax payers. + +I've just claimed for the tax year ahead, a very easy and quick process. +I'm about to finance my first car, but don't really have proof of income because I've only been a dancer for a few months. I also have no credit or cosigner. +The car I am looking at is $3200 and I have $2100 to put down(62.5%) not including my trade in for my current car(around $300) +Is it likely that I will be able to be financed for the remaining $900-$1000? +I am 42 years old and I am looking to invest 50€ every month in the stock market on something that I will be able to invest and forget with the end goal of retirement. The app I am going to use is degiro but if you have a better suggestion that works on Greece let me know. Which stocks would you use and why? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Oh My Goodness. A 48 hour panic. I hardly had time to be terrified. I think I should be able to roll the short strike on the SPY diagonal I bought Friday to collect more theta. Should I roll short strike Monday or wait? I think I can get about 1k out of this trade. Maybe more. Here is the position again. I think the Pfizer CEO just called off the panic. He sounded extremely optimistic on CNBC. Now all we need is JPOW to come on and say; "Because of uncertainty; the Fed needs to buy 10 trillion more of SPY." LMAO + +11/26/21 08:30:19 BOT +1 DIAGONAL SPY 100 18 MAR 22/17 DEC 21 400/460 PUT u/-1.60 160.00 +Oh My Goodness. A 48 hour panic. I hardly had time to be terrified. I think I should be able to roll the short strike on the SPY diagonal I bought Friday to collect more theta. Should I roll short strike Monday or wait? I think I can get about 1k out of this trade. Maybe more. Here is the position again. I think the Pfizer CEO just called off the panic. He sounded extremely optimistic on CNBC. Now all we need is JPOW to come on and say; "Because of uncertainty; the Fed needs to buy 10 trillion more of SPY." LMAO + +11/26/21 08:30:19 BOT +1 DIAGONAL SPY 100 18 MAR 22/17 DEC 21 400/460 PUT u/-1.60 160.00 +As per the title, we keep seeing the idea pushed around here that the DD is done. Nope. Not a chance. We have a centuries old market with all sorts of hidden tricks being perpetrated by a great many players at the expense of the public. + +We also don’t know RCs plan yet if we’re honest. Or the full potential of Web3. + +The thing is I have no idea where to look - I’ll admit it, I’m an idiot. (Apparently that’s a necessary prerequisite to post here). + +However there are resources available online. Some of you may also be looking for specific books, research papers etc that you’ve been unable to find. I suggest using the comment section on this post to share and request those resources. + +I also suggest using the comments to ask about subjects that haven’t been covered yet, hopefully someone can pick up the torch. + +My gut says there’s something big out there they don’t want us to know. Maybe it’s subtle, maybe it’s hiding in plain sight. + +THE DD IS NOT DONE. + +HIVE MIND, ASSEMBLEEEEEEEEEEE! + + +Additionally *I urge you, please upvote the worthy comments.* +How do people feel about this? I hear people say its never a bad time to get into the market, but what does this say about the future of the market when something like this just seems "normal"? Its gotta make some investors a little concerned, at the least. I'm interested to hear peoples' thoughts on this. Thanks. +Hi Reddit – This is Ben Lawsky, Superintendent of Financial Services at the New York State Department of Financial Services (DFS). As some of you may remember, I stopped by Reddit for an [AMA in February](http://www.reddit.com/r/IAmA/comments/1ygcil/as_requested_im_ben_lawsky_superintendent_of_the) while DFS was in the process of developing a regulatory framework for virtual currencies. + +Today, DFS is announcing that we’re publishing that proposed framework for public comment. A copy is available here on the DFS [website](http://www.dfs.ny.gov/about/press2014/pr1407171-vc.pdf). + +The regulations will be formally published in the July 23, 2014 edition of the New York State Register – which starts a 45-day public comment period. After that public comment period, the rules are subject to additional review and revision based on that public feedback before DFS finalizes them. For information on how to submit a formal comment for DFS consideration under the NY State Administrative Procedures Act (SAPA) after the proposed regulations are published, please visit the New York State Register’s [website](http://www.dos.ny.gov/info/register.htm). + +In developing this regulatory framework, we have sought to strike an appropriate balance that helps protect consumers and root out illegal activity – without stifling beneficial innovation. These regulations include provisions to help safeguard customer assets, protect against cyber hacking, and prevent the abuse of virtual currencies for illegal activity, such as money laundering. + +We recognize that not everyone in the virtual currency community will be pleased about the prospect of a new regulatory framework. Ultimately, though, we believe that setting up common sense rules of the road is vital to the long-term future of the virtual currency industry, as well as the safety and soundness of customer assets. (We think the situation at Mt. Gox, for example, made that very clear.) Moreover, given that states have specific regulatory responsibilities in this area, we also have a legal obligation to move forward on this framework. + +By the same token, we also recognize that – like any part of the financial industry – no regulatory framework can ever completely eliminate the risks customers face when dealing with financial firms. As such, we’ve included a strong set of consumer disclosures to help make sure customers have the information they need to make the choices that are best for them. + +While this is not a formal AMA, I’ll try to stop by this thread (and chime in from time to time) during the course of the public comment period. (However, to be clear, if you wish to submit a formal comment under our state regulatory process, you will have to visit the New York State Register.) + +As the first state to put forward specially tailored rules for virtual currency firms – continued public feedback will be an important part of finalizing this regulatory framework. We look forward to carefully and thoughtfully reviewing public comments on our proposal. + +https://www.reddit.com/r/financialindependence/comments/c8p9r2/2_healthcare_professionals_journey_towards_fire/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +EDIT: Thanks for the silver! +EDIT 2: Thank you so much for the gold! I’ve never received gold before and I feel honored! +EDIT 3: Thanks to everyone’s feedback, if I missed responding to you, I’m still working my way through the messages. + +I’m back! 133 Days since I posted the above & we’ve successfully paid off our Student Loans. We started our fulltime RV life just over a year ago and we had $125k of student loans. We officially paid off $133,060.00 as our 1st major step towards FI. Now we can turn our attention to other investments and continue with our other strategies. + +We made it, but didn’t come without struggles. In the middle of our journey we encountered a lay-off which presented a minor setback, but fortunately turned out to be a blessing. + +We originally committed to a year of RV living, but now have decided to continue for at least another 2 years. + +The biggest update to our numbers are our EF which is now $20k and our IRA’s have grown by about $10k. We also will finish the year strong with our investment property and hoping to add another sometime in 2020. We really plan to be aggressive about our savings rate as well. + +As for additional strategies, we’ve looked at adding SEPIRAs as well as annuities. Anyone have pro-tips for these or suggestions? Thanks for reading! +https://techcrunch.com/2018/04/25/ford-to-stop-selling-every-car-in-north-america-but-the-mustang-and-focus-active/ + +And their press release + financials... +https://media.ford.com/content/dam/fordmedia/North%20America/US/2018/04/25/1q18-financials.pdf +Just a heads up that there have been some transactions involving the [Gnosis Safe/Proxy 0x10b](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad) that owns the [GameStop NFT contract](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e) in the last 12 hours. + +******** +Last night [Matt Finestone](https://etherscan.io/address/0x381636d0e4ed0fa6acf07d8fd821909fb63c0d10) sent [0.03 Eth](https://etherscan.io/tx/0x3e05fcf31fbe997cdbe154d36029cede7f41bf26f54f0f4006ce7a9d8d88b8cc) to the "primary/most active" owner address of the Gnosis Safe, [0x61a.](https://etherscan.io/address/0x61a80d1792340c2a03e739202980e69467459a8b) + +0x61a then [updated the Gnosis/Proxy contract 0x10b](https://etherscan.io/tx/0x8ac58a594a7a9d38acc17b12104d5ce6b11d62247551a69fcc94ed983bd7d7dd#eventlog) to remove [0x850aa0b86b8aa76b95cef283bcb2e7c008c7202b](https://etherscan.io/address/0x850aa0b86b8aa76b95cef283bcb2e7c008c7202b) as an owner, and add [0xaf89f1430faed758435c3ca457a0ff9014ce6015](https://etherscan.io/address/0xaf89f1430faed758435c3ca457a0ff9014ce6015) as an owner. + +There is no transaction history for the new owner 0xaf, and the only [transaction 0x850](https://etherscan.io/tx/0x75d86673e6763e60d6e4c0e4b8577c861fb9b9b0e89563890cd276883f169ca3#eventlog) ever performed was to transfer ownership of the ENS registration/token for GME.eth to the Gnosis Safe. + +The most recent [Event](https://etherscan.io/tx/0x712567c13e74352fbf3f5931245ef6eff049640f391eb55b99a021bd3bd5297f) changing the Gnosis Safe contract was on July 16, when the [address that created the Gnosis Safe](https://etherscan.io/address/0xbbd2689745f4f0ed110959f743886fcc1560342e) was removed as an owner. + +******** +**TL/WTF/DR:** Small happenings with the contract that owns the GameStop NFT contract: an owner was removed and a new one added. Zero speculation on why/what it means, but it's the first movement from these addresses since July 16. + + +Edit before someone asks: 0x381 is "confirmed" to be [Matt Finestone](https://twitter.com/finestonematt/) via a link on his twitter from what I believe was an NFT he won that listed his address, as well as the fact that when you [look at his address on opensea or etherscan](https://opensea.io/0x381636D0E4eD0fa6aCF07D8fd821909Fb63c0d10) you can see he owns the finestone.eth ENS registration. +I stumbled onto Metal ($MTL) a few months ago (thanks Bittrex!) and the team has been very lowkey about the project so far. They are very adamant about not doing any PR/marketing until the product is ready to be used by the public and businesses. This is the complete opposite of what most crypto projects are doing currently. They promise the moon before the product is even ready, the price pumps to unrealistic levels, and bleeds out for weeks/months. Also, Metal didn't hold an ICO so there's nothing to worry about in that regard as far as SEC/govt regulation. + +So what is it? Metal is an FDIC insured bank account that allows you to store and transact with fiat currency and crypto that is fully compliant with US regulation. This will give you access to checking/routing numbers, debit cards, etc. Your Metal account is essentially an exchange and will solve the crypto on/off ramp that so many of us have issues with right now. You will be able to direct deposit your work paycheck into Metal and buy/sell crypto within it. No need to wait for funds to clear, transferring money between exchanges, or insane Coinbase fees. Metal is curently in private alpha and supports BTC, ETH, and ERC20 but more will be added in the future. The team is aiming for Metal to become the first real cryptocurrency that the masses use. How do they plan to do that? + +Enter Proof of Processed Payments, or PoPP for short. It's a consensus algorithm designed specifically for Metal that will enable anyone to participate in "mining". Basically, any transaction you make from your Metal account will be rewarded with 5% of the value back with Metal tokens. If I send $1000 to my landlord for rent I will receive $50 back in MTL. I can cash that out immediately or let it appreciate. That $50 could turn into $100 or even $200 in the future. When regular people realize what is happening, this will launch crypto into the mainstream. This will be the first payment platform that truly "pays" people to use it. The same can not be said for Venmo, Square Cash, etc. This will be huge for students in college and small businesses. If they sign up for a business account they'll be able to make up to $5000/month just by using the platform and there are zero tx fees if you use MTL for invoicing. There is a pool of ~26m MTL tokens reserved for PoPP and the team believes it will take 10-20 years to fully distribute as the price appreciates over time. + +Bitcoin is not accessible to the masses. The original vision for PoW was to give anyone with a little bit of computing power the ability to participate in mining Bitcoin and growing the network. Now we know this isn't profitable except for organizations with really deep pockets. It's another scenario where the top 1% are making off with all the profits. Coinbase is user friendly but the fees are high and funds take too long to clear. It was a good start but didn't fully solve the crypto on/off ramp. Gemini is a good service but is it something that will ever catch on with the masses? Probably not. + +The Metal team is one of the best in the game. They have Visa/AmEx executives and ex-Apple programmers/UI designers working to make this the best payments platform the world has seen. They have several new hires that haven't been formally disclosed yet but one of them did motion design for Apple commercials. His portfolio was posted in the Slack channel and to say I was blown away was an understatement. + +You can find out more at http://metalpay.com but I really recommend joining the Slack channel as the team is very active there. The website is outdated at the moment but a complete redesign is coming once the web platform + iOS app is ready before the end of the year. I tested the alpha version and was very impressed by it but the public beta will be on another level. Also, Metal has a lot of big partnerships with brands and businesses who are going to use the platform as soon as it's available. + +Price prediction: $100 by the end of the year giving it a $2bn market cap. +[r/Superstonk](https://www.reddit.com/r/Superstonk/) was born from the ashes of oppressive bans, removals, and censorship. We vowed to be a subreddit of integrity, honesty, fairness, and transparency. Every single moderator that has been brought on has agreed with this sentiment and has proven themselves to be outstanding and respectable members of this community, on top of moderators. Our motto is "Ape first, mod second" and this is what we think about every single time we make decisions. + +It is with a heavy heart that I must share that one of our higher-ranking mods, [u/TomatoeHaven](https://www.reddit.com/u/TomatoeHaven/), has been removed as moderator. I have detailed the reasons for this to the mod team, and have done my homework with screenshots, investigation, and discussion with the mods. This mod was here before the Second Great Ape Migration and I wanted to retain my promise that mods won't be bullied or removed as if this were a dictatorship. + +The mod team is overwhelmingly supportive of my actions regarding [u/TomatoeHaven](https://www.reddit.com/u/TomatoeHaven/) thus far, and have UNANIMOUSLY voted to remove [u/TomatoeHaven](https://www.reddit.com/u/TomatoeHaven/) for these reasons and also for things they personally witnessed and found strange, including some notably reckless and unexplained actions discovered through mod log. We will not tolerate this reckless behavior from mods and have thus taken actions to ensure the safety and proper functioning of this subreddit. Thank you all for remaining to be true apes that love this community as much as we do. +I know it's a really open-ended question, but I would love to hear insight from those of you now well into your careers! + +Did you attend a non-elite or elite college - or no college at all? What do you do now? What degree do you believe it has played in your professional success? + +My hypothesis: + +\-Played a critical role in traditional high finance/strategy consulting/law (with some exceptions if you have a killer GPA/LSAT) + +\-Played a moderate role in Big Tech (but not crucial to succeed) /corporate + +\-Played a smaller role in medicine (at least in medicine, undergrad prestige is a low-ranked factor in admitting applicants to med school and GPA/MCAT/ECs matter much more) + +\-Played a very small role in B&M business ownership/sales/real estate +I have a number of rental homes I have had for between 10 and 20 years. I only accept a minimum of two year leases, therefor all of my tenants have been in their homes for at least two years, some for 4 years or more. Some are still on original or renewed leases and often as leases expire I allow them to just go month to month. The real estate market has been so strong our area has seen very rapid appreciation in real estate values and rental rates in the last two years. I find all of my leases are considerably under the current rental rates being advertised for comparable homes, by $200-$ 500 per month, even the homes I just leased two years ago with leases soon expiring could be leased for considerably more. With the number of homes I have, this is a total several thousand dollars in monthly cash flow for me. I like to think of myself as a capitalist and business is business, although am having qualms about going to a tenant who has been in their home for 2-3-4 years and say as your lease expires if you want to stay your rent is going up by 20 or 25%. On the flip side of that, I could be making several thousand dollars a month more by renting the homes at current rates. Any other landlords faced with this? Suggestions of how you are handling it? +This is in response to a comment that was made exactly one year ago by /u/Alienm00se: + +https://www.reddit.com/r/politics/comments/3pro4r/goodbye_middle_class_51_percent_of_all_american/cw90j8y/ + +He speculated that the market is headed for a crash, and it was a good idea to sell out of large caps over the next year and start investing in hedge positions to shield against the crash. He also speculated that gold is going to possibly drop to $850/ounce, and it would be a good buy when it drops below $1050. I set a reminder to see where we are a year later. + +Well, guess what happened? No surprise here. + +The closing price of the S&P 500 on 10/21/2015 was ~~$2018~~ $2052. + +The closing price on 10/21/2016 was $2141. + +The S&P 500 is actually up ~~6%~~ 4.3% even after the tumultuous roller coaster ride we've had this year. Certainly, ~~6%~~ 4.3% pales in comparison to the raging bull market we've had where we've seen it soar 20% in one year. However, it is still a decent return. Periodically selling off during the past year would have resulted in missing out on those gains as well as possibly locking in some losses since we had a few months where the market fell and then rebounded. + +[Gold did not go below $1050 once all year. The lowest it was all year was exactly $1050.80 on Dec 17, 2015.](http://goldprice.org/gold-price-history.html) Today it is $1266. That being said, [I still do not recommend gold as an investment](http://www.aaii.com/files/images/articles/9298-figure-1.jpg). + +[The most prudent advice is, as Warren Buffett recommends, invest in low-cost index funds, and invest long term.](http://www.fool.com/investing/general/2014/08/10/why-warren-buffett-thinks-putting-your-money-her-2.aspx) + +Your buddy who's got a hot stock pick? Forget it. Some conspiracy theorist on reddit says the market is overvalued and headed for a crash? Not a chance. Buy index, hold long, don't try to time the market. + +S&P Historical closing data source: http://www.marketwatch.com/investing/index/spx/historical + +EDIT: I had the original value wrong. It was $2052, not $2018. +Here is an article on how a stronger pound isn't very good for your investments that are in the Nasdaq and NYSE + +[https://www.vanguardinvestor.co.uk/articles/latest-thoughts/how-it-works/how-currency-movements-affect-returns](https://www.vanguardinvestor.co.uk/articles/latest-thoughts/how-it-works/how-currency-movements-affect-returns) + +It can really affect your gains as well as the hidden FX fee your broker doesn't tell you about. + +The pound is really strong and unless George Soros shorts it, It looks like it will stay that way. + +I'm personally thinking about investing purely on the AIM/LSE in the future, it looks much cheaper, in addition most of the shares haven't recovered + +Generally looking forward to seeing the UK economy by the end of 2022. + +&#x200B; + +Its very strict to post please don't ban I like it here +My wife and I currently have savings going into ISA/premium bonds, and have a comfortable amount of ‘spending money’ per month each. + +What would you do if you had £50-100 personal money to invest with per month? Interested in potential high risk investments as well as other good uses. + +Many thanks! +# 10 Random Musings From A Boomer Who Has Been In The Financial World For Three Decades + +**January 27, 2021** + +For some people, the current stock market environment has quickly become a very painful place to make a living.  For others, it has become a very exciting, effortless and fun setting to bank some “easy cash.”  Having spent decades dealing with multiple cycles, dislocations and market crashes, I would like to share some personal thoughts directed to this second group of aforementioned investors who are understandably enjoying this current period of money-making ebullience.  I recognize that this group might find my perspectives ancient, obsolete and merely useless ramblings of someone whose better years are in the rear-view mirror.  I understand this attitude as I was that same person who would have felt this way when I was in my 20’s, so I am not offended.  Feel free to read no further or laugh at my obsolescence.  Or you can consider that it’s hard to argue that even the best investors/traders may want to consider the contra argument to their investing actions, even if they choose to laugh at them. + +1. The Fed, interest rate policy, and opportunity cost of capital are major factors of what drives the financial markets.  It can make people look very smart or very dumb.  If you don’t understand this and fail to incorporate the macro view as at least a factor in the financial world, you may be winning the game based more on luck than skill. +2. In my 35+ years in the financial world, every time somebody said four magic words to me, something eventually proved them very wrong.  It might not have been right away, but it has happened every single time.  The words are simple, and nobody says them to be evil.  In fact, you don’t even have to say the magic words, you can just think them: “THIS TIME IT’S DIFFERENT.” +3. With very few exceptions throughout my career, the biggest determiner of long-term success in investing/trading has been an individual’s hubris:humble ratio.  People with greater hubris believe they have all the answers because things are so easy and extra humble people always protect their downside because they know how fragile success can be.  A high hubris:humble ratio always works perfectly until the moment it doesn’t.  A low hubris:humble ratio may not be as much fun, but almost always results in long-term success.  Long-term success is always better than short-term success.  Look it up. +4. Leverage is a magic potion.  It magnifies your brilliance on the upside, and it destroys everything in it’s wake on the downside.  Leverage doesn’t discriminate between people who are good or bad, smart or dumb, or deserving or not.  When leverage works its magic on the upside, it is your very best friend.  When it turns on you during the bad times, the damage is often permanent.  History is littered with once brilliant levered investors who stayed at the party too long and got the dreaded “margin call” which took them out of the game forever.  You never want to be so invested that you cannot have enough staying power to maintain your investments because the only thing that is almost guaranteed is that as soon as your position is margined out by force, your once investment will then rally to a point where you could have told everyone how smart you were. +5. Momentum trading is legitimate and many long-term investors/traders have done remarkably well by avoiding fundamentals and just focusing on directional momentum.  However, nobody “long-term” smart ever goes “all in” on one trading strategy, especially one based upon momentum.  Can it really be a big surprise what happens when the momentum decides to suddenly change direction and travels at the very same velocity in the opposite direction? +6. It is really hard to argue with a straight face that smart fundamental research on any issue, relationship or investment will not improve your odds of a successful outcome. +7. Putting all of your eggs in one basket is usually great if you want to make a quick omelet with a lot of shells in it. +8. If you are investing because you think you are getting even with someone or trying to hurt a person you have never met, you might want to ask yourself, “Why?”  I understand envy and retribution and the ugliness of income inequality.  There are better ways to settle those scores.  Always remember that there are often innocent casualties in every battle and in this one, most of the money lost besides the unloved faces of the fund managers is usually from endowments of universities and hospitals, pension funds for retirees, and other individuals that have done nobody harm. +9. Eventually, security prices return to valuations that reflect intrinsic value, direct comparable alternatives and future earnings power.  This isn’t an idea to be debated.  It is more productive to debate whether the sky is blue. +10. The power of masses can be incredibly consequential and hard to resist.  Being in the middle of a winning crowd can also be incredibly fun, comforting, and rewarding.  However, if you look back in history it’s easy to see that the masses periodically also made big mistakes like following the wrong leader(s), shattering important beliefs/institutions and destroying things of import and value.  Independent thought can be very lonely, but there is a time to just not follow the crowd.  I’m not saying this is or is not that time.  Good judgement is identifying for yourself when it is that time.   Easier said than done. + +I am offering no specific investment advice nor judgement on what is currently occurring in the capital markets.  Older and more experienced investors do not have a monopoly on anything.  Progress occurs when new thinkers and actors bring ideas and methods that push the bounds of convention.  This is a good and natural development and, more often than not, it results in the betterment of society.  All I am suggesting is that it never hurts anyone to also reflect on past patterns, theories, and experiences others as they pave their own new path into the brave new world. + +A friendly boomer, + +Rich Handler + +RICH HANDLER +CEO, Jefferies Financial Group +1.212.284.2555 +[rhandler@jefferies.com](mailto:rhandler@jefferies.com) +u/handlerrich [Twitter](https://twitter.com/handlerrich) | [Instagram](https://www.instagram.com/handlerrich/?hl=en) +Pronouns: he, him, his +I thought I had finally gotten out of the dumpster fire that is my financial situation. December was supposed to be a good month for me. I was expecting to be paid 3K on Dec. 3 from a client (self employed). They let me know they weren’t able to make the payment and asked to push the deadline today. Having gone through this on my own I was sympathetic. + +In the past week, because they didn’t pay me, my bank account is now in the negative because of bills being autodrafted and my bank adding overdraft fees. I have racked up $324 in overdraft charges and my bank account now has -$784 in it. I don’t know if I can do anything about the overdraft charges because it’s not my first offense. + +Anyway, I expected them to pay me today as they told me they would. Instead, I received an email letting me know they still couldn’t pay the full amount but would send me $150 and can pay the rest later “when they’re able to”. I plan to add on a late fee to at least account for the overdraft that has ensued on as a result of this situation. + +I have a payment of 1K from another client coming next week which will get my bank account out of the negative (barely). But then I HAVE to pay $700 in business expenses, and I also owe my bf $900 for rent - he will be lenient and will probably let me pay him back but I feel awful about that. I have another project wrapping up that may give me an additional ~$500 which will help a little bit. + +I feel sick to my stomach and I’m just in ultimate panic mode right now. I don’t know what to do and I was not expecting this. I am tempted to maybe call my parents for help but I really DONT want to do that. I just don’t know what to do at this point and I am equally parts sad, anxious, and angry. + +I have approximately $2,414 monthly expenses right now. Was expecting to make 4K this month leaving me with a healthy chunk leftover that I would put towards January since that looks like it will be a slower month for me. + +Looking for a “real job” has been on my mind a lot, and something people always tell me I should do. but after looking at my revenue this year I made 70K which I feel is pretty good for my line of work. How I got to this point financially, I don’t know. I’m still considering finding a part time job or something to help in the meantime but I just don’t realistically think that can happen until after the holidays… which doesn’t really help my current situation. + +Mostly needed to rant but if anyone has any advice I would definitely be open to it. +So I got a settlement check, tax free, of $124k. + +I owe + +$60k in federal student loans. @ 4.99 %APR + +$39k for a car loan @ 9% (new car, I can maybe refinance 6 months to a year down the road) + +$10k In a personal loan @ 18.99% + +$3k in credit cards (I’m constantly paying this +off as I use my credit cards for everything then pay it off almost immediately) + + +So a bit about me, I am single with no kids. Currently staying with friends so barely paying rent ($400/month). I took some time off of work to go back to school to work in a completely different field. But in my previous field that I have 11 years experience in, I make about $130k a year although since the mass exodus of people leaving the medical field I’m being offered a lot more than that. I’m currently looking for a entry level job in this new field but I’ll probably make around 80k to start(that’s on the low end). + +Now my question is, should I completely pay off this debt with this settlement check? I am definitely going to pay off the high interest $10k loan. But I’m wondering if I should pay off my car and student loans right away or pay them down faster by making large monthly payments and maybe invest some of this money in safe stocks or bonds. I just want to make the smartest decision possible here. + +Any advice would be greatly appreciated thank you! + + +Response: To anyone who comes back to this post! Thank you guys(those who posted constructive & helpful responses) so much for for all your opinions and advice. I now have a clearer view of what I should do with this money. +Deposit this check in a local credit Union, pay off the high interest loan. Refinance my car with the credit Union, maybe pay half of it off and put some money down on the student loans as well. Once I get a job again, whether it’s back in the medical field or this new software engineering/development path I’ll maybe try and find a duplex in my mountain town and use some of the surplus to pay off bills. :-) + +As for everyone else, this post wasn’t to give you my life story as to why I’m in debt, why I got a settlement check or to ask for you to judge my life choices. It was just to ask for advise on a present/future situation. Could’ve/should’ve/would’ve isn’t helpful, thanks anyway though. +Hello I (27m) in the Midwest United States am curious what might be a better route… I work as an industry accountant and need some different minds to give me advice! + +I currently owe roughly 90k on my home that’s worth roughly 150k. I have 55k in savings. 10k in a personal stock account. 10k in 401k. Roughly 10k in equipment from a previous business I will be selling. I also have a truck worth about 20k that I could downgrade on. + +I want to know if it would be a better idea to pay off my mortgage (could have it paid off in a year). Or to just pay the minimum and star dumping cash into the market. The mortgage is at 3.6% +This sub is a joke, no seriously this sub is legitimately bipolar on sentiment and flips on a dime. Here’s a reminder for y’all lurkers here or a wake up call for people who actually take the time of day to shitpost: + +1. Nobody who’s even close to being a big player or is knowledgeable about the market is wasting their time on fucking r/cryptocurrency + +2. Most “advice” you get on here is from hodlboys or plain shills trying to jerk their own dicks by echoing the same copy paste moon statements. By the occasional mercy of god there’s a post that makes life worth living but those are usually rare. This post is also not one of them. + +3. No you won’t get rich hodling a mass shilled top 100 coin for a week, a month, maybe a year. Jesus Christ if it took early bitcoin miners years to go from a couple hundred to almost 20k you won’t make it with a short term focus. + +4. Putting a couple hundred or thousand dollars does not make you an “investor” or at all knowledgeable about blockchain. Losing your money sucks learn from mistakes instead of dragging others down. + +5. Comments that say “3k next it’s over boys” with 30 upvotes does NOT legitimize that claim, assume it’s 31 idiots sharing a herd mentality with no basis for their arbitrary prediction. + +6. Anything that has to do with price on r/cryptocurrency should not be taken as financial advice. Nobody on this sub actually know which way the markets will turn, TA works in very niche circumstances and cannot predict movements based around obvious facts or fundamental trends. + +That’s all I have to say for now, my fingers are tired. I’ve been in the space for some years now and this sub is a place I frequent despite all the cancerous shit I see daily. The memes are fucking comedy gold and I will always love you guys for being here with me. + +TL;DR do your own fucking research and don’t listen to anyone announcing the direction this market is heading. + +EDIT: Some people apparently are not seeing the point of this post or get some kind of joy mocking if. Allow me to make some things clear: + +No I’m not angry or have any personal salt nor am I projecting my expectations of what this sub SHOULD be but rather I’m only letting people know what this sub IS at the moment and what to be wary for. I was once new to the space and foolishly trusted the advice stemming from fickle sentiments and made mistakes doing so. All I hope to achieve with this post is for people to realize that this is not the place for accurate predictions regarding market movement and to be careful, That’s all. + +EDIT 2: Thanks for gold. It is currently too difficult to respond to the sheer volume of comments thus I am unable to answer every new question that gets posted, sorry. +[https://www.domain.com.au/property-profile/17-curragundi-road-jindalee-qld-4074](https://www.domain.com.au/property-profile/17-curragundi-road-jindalee-qld-4074) + +I mean like you but um how is this not a bubble +Hi fellow apes, + +This week has been pretty crazy, with some of the lowest volumes ever seen with GME in 2021. With the new assumptions around the actual size of the GME float being much smaller, I have updated my data table to reflect this. + +\---------- **BOILERPLATE:** + +I still know nothing, I can't do math good. PLEASE don't listen to me! Obligatory 🚀🚀🚀 + +**TLDR: With extremely low volumes 💎✋ this week and 2 of the last 3 days ending within $0.01 of the previous day's close, this seem like the stock price is purposely being kept in stasis, until the time is right for it to 🚀.** + +&#x200B; + +**---------- Fancy Data Table:** + +Below you will find a summary table of all the volume and price data since the start of 2021. + +I have updated the GME float size to 26.7 million based on the work done by several apes. Here is one example [https://www.reddit.com/r/Superstonk/comments/mwgyfw/free\_float\_is\_267\_million\_didnt\_count\_cohen\_twice/](https://www.reddit.com/r/Superstonk/comments/mwgyfw/free_float_is_267_million_didnt_count_cohen_twice/) + +https://preview.redd.it/mk54yw00mzu61.png?width=364&format=png&auto=webp&s=8dd981f3f0e34abe52b40dbe8e84d84fa24eee12 + +Finra volume data was taken from here: [http://regsho.finra.org/regsho-Index.html](http://regsho.finra.org/regsho-Index.html) + +NYSE Volume data and close stock price taken from Yahoo Finance. + +Avg Available shares to short was taken from [iborrowdesk.com](https://iborrowdesk.com) (note: watch out for the bar graph on that site as it doesnt leave spaces if a day has no available shares to short, it just skips the day) + +Here is a link to the live excel file for anyone that would like to use this data for their own DD. [gme analysis.xlsx](https://1drv.ms/x/s!AomFEIhCN8icgt1xPEpeIuja-2QEoA?e=ggvcPa) + +&#x200B; + +https://preview.redd.it/by3hixmze0v61.png?width=1168&format=png&auto=webp&s=c1a78c19c71940d94c12c7516b7f3847de737437 + +**---------- Liquidity is drying up** + +As you can see, the last 4 days have been extremely low volume days. + +**Today was the second lowest volume day in 2021** with only 100k more than wednesday which was the lowest at 3.8 million. + +Despite such low low volume, you can see that there has been almost no shares available to short through IBKR. **In fact, today they shorted ALL 500,000 available shares, which equates to 13% of all volume!** + +&#x200B; + +https://preview.redd.it/1jmf2fz3szu61.png?width=337&format=png&auto=webp&s=99e125c6fea5e66495bf07d8c37f2885bf1544a4 + +**---------- Finish where we started** + +Another very curious trend can be seen this week. Both today and wednesday finished within 1 cent of the previous days close! if it happened once i would think it's a fluke, twice in 3 days... that definitely peaks my interest. + +&#x200B; + +And it is not like we were trading sideways all day, as you can see below, we were all over the place and were actually about to finish up when it was internally brought down to the previous day's share price in the last 2 minutes. + +https://preview.redd.it/vsyc2r3r90v61.png?width=3199&format=png&auto=webp&s=a54d80ffff47577c5c9e458d7c1d34bdc5c02bee + +What could this mean? I have no idea, and would love to hear people's ideas, but there are obviously forces at play that want this price to stay flat. + +&#x200B; + +**---------- TLDR:** + +**With extremely low volumes 💎✋ this week and 2 of the last 3 days ending within $0.01 of the previous day's close, this seem like the stock price is purposely being kept in stasis, until the time is right for it to 🚀.** +I find myself unconsciously opening my banking app 2-3 times a day, hoping to see an unexpected deposit, that suddenly my debt would shrink somehow, terrified that an unexpected payment will have gone through. I just keep looking at hoping that one day something will change. +I’m not really sure what I’m looking to get out of this post - reassurance that others do it too? Any tips to help me curb my habit and take the stressor of checking every single day? +Just in case you're waiting for an official recession to be announced before making moves - this happens with a large delay, of a year, sometimes even more than that. I mean the way it works is as follows: + +1. The economy goes into a recession, but NBER is quiet +2. A \~year passes, or more +3. The NBER announces, at some point, that we've been in a recession for the past year, we just didn't know it then. But now we know. + +Past announcements with dates: [https://imgur.com/a/iAYFbih](https://imgur.com/a/iAYFbih) + +The same applies to recoveries from a recession. +In 2013 the Cyprus government has closed banks and confiscated 6.75% from accounts with less than 100k euro, and 9.9% from accounts with 100k euro and above. + +If your government would do this to you, would you be upset and angry? + +You saved up money, worked your arse off for it, and here they are closing your access to it in one moment and taking a big chunk because of their incompetent failure to run a stable monetary system. + +Now imagine this happening to you EVERY YEAR. + +This is inflation. They have done this to you YOUR ENTIRE LIFE. + +They are taking from you without you noticing, and just because your government currency stays in the same amount, it doesn't look like you're actually losing something. + +THEY ARE SYPHONING YOUR TIME AND EFFORT. YEARLY, MONTHLY, DAILY. + +no need to be upset. what's done is done. + +opt out. own your time. +I live in an apartment building and my neighbor knocked on my door today and handed me my W2 form from work, but it was already opened. He said it accidentally came to his mailbox instead. Normally I wouldn't care, but this guy has spent 20+ years of his life in jail for all sorts of things (including fraud) and I can't be too cautious. My W2 has my social security number on there which is why I am really worried. Should I put a freeze on my credit? Or just monitor it daily? Or are there any other steps I can take? +In many posts people describe themselves as 30M or 35F or whatever when asking what's best for them or what options are available Now I get that age makes a difference to the answer but apart from possible loss of income around child birth and slightly higher life expectancy when does gender affect the reply? + +EDIT +Thanks for the replies. A summary seems to be is that it affects + +Earning potential which I alluded to, but not broadly enough + +What seems to be illegal bias from employers and financial institutions which I had not thought of, as I knew it was there 40 years ago, but did not realise still a big issue, + +In some case higher expenditure (from personal appearances) + +The social norm that the women gets the kids more often in the case of separation, leading to a higher risk of reduced saving potential due to consequent lower income and/or higher costs +1. They didn't publish the crowdsale terms on their website, so people can't read them in advance. + +2. These terms will give **zero rights or guarantees for token holders** + +3. The maximum **market cap is set at $300 mil, with only 4.17% of the tokens going to investors**. This gives investors very limited (if any) potential upside. Basically Gnosis is going to extract maximum amount of money in exchange for tokens without any rights or guarantees, all while hiding the actual crowdsale terms from the public. + + +I've got ICICI savings acc linked with Kite, Coin, smallcase, US stocks, etc. Other than using it for PPF and maintaining a 10,000 balance, its only use is to act as to and from gateway for my investments. Will that be a problem? + +PS: Using HDFC acc for UPI and credit cards, and IDFC First acc to park a small amount as a quick cash in case of an emergency. These 3 plus one salary acc are the only ones I manage. +With Kumar Birla saying that Vodafone will close down if they aren’t given monetary relief, this is effectively an ultimatum to the government. Would The government allow them to collapse? It would be be a blow to Sitharaman and India’s reputation with foreign investors. +Raise your hand if when, 10 years ago, gas prices were hitting $4 or $5/gallon you thought the rise of gas prices would never end and go up forever. + +&#x200B; + +Raise your hand if you think stock prices as the dow jones hitting 20k to 29k you thought the rise of stock prices would never end and go up forever. +That's it pretty much. Just that the US is sliding backwards. I feel lucky to have a fucking tub and water at this point. + +At least it's better for the environment, especially when you reuse the water that you used to shower with. +If your mortgage is up for renewal and you're being offered a rate of say 5-10%, there would come a point where the interest savings of paying off the mortgage would more or less match the expected return on your investments right? + +So say a scenario where by fall next year (when my mortgage is up for renewal) mortgage rates are around 7-8%, I'm thinking we would be better off cashing out our TFSAs to pay off the mortgage, and then just re-mortgaging the house if interest rates get lower in the coming years? + +Obviously I will do a more detailed evaluation when the time comes but just wondering what others think and if anyone has looked at similar tradeoffs. +Here's my situation. I'm a 19, in college, car paid off, and want to finish my BS degree debt-free. I live with my parents and they take care of what would be my rent, phone and car insurance. I'm also still on their health plan. As of this past I have saved up/invested $13k in liquid assets. + +Currently I work part time as tech support for my local government and I bring home $1122.02 every month. Out of that I aim to save $800 so that I will have enough ($30,000) to pay for the remaining two years of college (operating on the assumption of ching no outside aid). + +This plan leaves me with ~$320 every month to spend on gas, repairs and whatever else I want. The problem is that my parents tell me all the time that I worry too much about the cost of school and shouldn't be so frugal with my money. Do you think that I am just being too conservative with my funds, or am I being conscious of the expenses of higher education? +As many of you will remember, the eruption in 2010 had a huge impact on air travel, and many industries reliant on freight, parts and __medicine__ delivery were hit, because of a huge release of volcanic ash into the atmosphere over the north Atlantic, on the flight path between North America and Europe. + +Iceland had more than 1200 earthquakes today, and this clustering of quakes has become ever more intense over the past weeks. Iceland is on the verge of a large eruption in the next few days. Coincidentally, the 2010 eruption was also in April, so atmospheric conditions and prevailing weather conditions contributing to dispersal/lingering of ash may well be similar. News reports of this have been more common over the last 24 hours, and soon the market will react. + +I'm going to be more careful than usual with any delivery/export/import companies, manufacturers, and ofc air industry stock including my current favourite, Rolls Royce. + +I'll probably concentrate more on selling calls for the next month at least. What are your plays? +After having read many many posts on here I’ve noticed people have their own favorite way of trading. + +Anyone have success stories in trading and how did you find consistency in your style? + +I have tried scalping but have only broke even. I use iron condors occasionally and am positive on those but I’m picking up pennies with that strategy cause I lack capital and experience. Thanks all! I have learned a lot on this sub and hope to learn much more. + +Also I do understand this is the theta gang lol. +There have been a number of posts on here about the MOASS being the biggest transfer of wealth and that this will be used to do good in the world. The fact of the matter is, there should be no need for Apes to have to rectify the world's wrongs. + +Don't get me wrong, I live in a relatively deprived area. All the tell-tale things, like lower life expectancy, lower academic achievement, reliance on food banks and so on. I plan to do as much as I can with my tendies. + +However, the root of all these problems is the greed and corruption of the 1%. That cannot be let pass. It doesn't matter where on the political spectrum you sit, if the market operated as it was supposed to the 1% would still be filthy rich, but everyone else would be ok. + +We wouldn't need to argue about paying for free at point of access health care, or a real living wage. There is plenty to go around, more than enough. The 1% are nothing but leaches sucking the life from humanity. + +You are worth every penny my fellow Ape. Please, when you're in tendy-town, don't forget their greed. Its inhumane. + +EDIT: WEN LAMBO +How did you save up the money to buy your first rental? + +I’m 24 and I take home $1500 post tax. I’m trying to figure out what I want to do to increase my income, but my ultimate goal is to be able to live passively and I think having rental properties is the way to do that. + +Did you just work likea normal person and save up over the years? Or is there some secret I don’t know about yet? +Isnt this timing very interesting? Suisse being on knees literally days before T69/2xC35? + +What surprises me is the collapse of Archegos, collapsing on March 25, on GMEs run from $120-180. 180 is a fucking meme, we do it routinely, but they couldnt handle _that_. And then bags went to Suisse. + + +Now, Suisse is edging Lehman-level CDS and escalations just in last two days has been brutal as fuck. In one week its showtime, GME T69/2xC35, and Suisse is already down. + + +I think this timing is just so fortunate, being crass. This is speculative, of course (everything that involves the future is speculative, please no whine in thread to tell me that shit, everything related to investing is speculative), but could it be that CDS pump is related to Oct 10 expectations? This is implied from two simple facts that most interested people can figure out: A) Suisse hold Archegos bags and B) same dynamics that shut down Archegos should be in play in a week. Do people know something here? Many apes take so easily on daterinos and technicals now, that its easy to dismiss all of them - but what if what we are seing on Suisse now is actually the big pockets trusting DD (and historical data) on GME T69/2xC35? Im of course not implying that a T69 can do all the work on a bank as big as Suisse, but it may be that people expect it to be the final nail in the coffin. +In light of this Moweth cunt continually tagging me in moronic comments I figured I post this so maybe he finds peace and moves on. It's also good information to be aware of with any company but especially ones that go on a big run, If you had applied this to DW8 it would have looked equally bad. + +Now I need to say I like NVX and I think they are legit and are a rare stock on the ASX that isn't a crippled dog, BUT what we are currently paying for it just defies logic. (As most of you already know this and I'm sure you have your parachute ready to jump out the rear cargo door when the plane starts going down. + +Anyway heres the info. + +# NVX + +**Current figures:** + +**EPS (-4.9**) + +**PE (-243)** + +Not great is an understatment.. But what about their future earnings you say! Well current year revenue of $6 million and a loss of $20 million isn't nice, but they are growing. So lets look at the forward looking PEG (Price to earnings growth): + +**NOTES:** + +* The PEG ratio enhances the P/E ratio by adding in expected earnings growth into the calculation. + +&#x200B; + +* The PEG ratio is considered to be an indicator of a stock's true value, and similar to the P/E ratio, a lower PEG may indicate that a stock is undervalued. + +&#x200B; + +* The PEG for a given company may differ significantly from one reported source to another, depending on which growth estimate is used in the calculation, such as one-year or three-year projected growth. **(In this case 1 year projected growth for NVX is used as it's all we have available)** + +# How to Calculate the PEG Ratio: + +**PEG Ratio** = PE / EPS growth rate + +&#x200B; + +**NVX EPS growth:** + +2020 (-14.7) + +2021 (-4.9) + +(above EPS taken from NVX annual report) + +&#x200B; + +**The formula:** + += (-4.9 / -14.7) - 1 = Growth rate 66% + +Thats a nice growth rate! 👆🏽 + +&#x200B; + +# So lets work out the PEG for NVX + +**PEG Ratio** = PE / EPS growth rate + +forward PEG = (-243 / 66) = 3.68 + +**Forward PEG = 3.68** + +A company's P/E and expected growth should be equal, which denotes a fairly valued company and supports a PEG ratio of 1.0. + +When a company's PEG exceeds 1.0, it's considered overvalued while a stock with a PEG of less than 1.0 is considered undervalued. + +\------- + +&#x200B; + +Summary, if you care about this stuff don't buy NVX at its current price. If you don't care then keep buying NVX, just don't tell me it's not over valued. + +&#x200B; + +End of TED talk. Go PEG something 💦 +Originally Posted by u/myfirstbanana in another sub. OP doesn't have the karma to post here (OP suggested someone with enough karma cross post). Cross posting wasn't permitted, for whatever reason, so I copied and pasted. Don't need updoots, just more eyes on the swap data. + +**EDIT:** I personally know nothing about SWAPs, so won't be able to answer questions. I suggest asking OP directly if you're a wrinkle brain wanting to interact. The info seemed important, though, in light of new SEC rules. + +# Significant open swap positions in Gamestop + +# 📷𝗗𝗮𝘁𝗮 + +Many great DD writers have already speculated that the short positions are hidden in swaps. A new regulation made it mandatory for clearing houses to publish swap positions. When the DTCC finally published the swap data on February 14th, we found only small positions in the data. I inspected this data from time to time over the last few days. It took some time for older trades from 2021 to appear on the list. Also, new positions seem to be added daily. + +There are a few large trades on that list that I want to bring to your attention. A fascinating entry appeared on 2022-02-16. A single transaction contained monthly payout swaps to the tune of **32 billion USD**. While other huge trades like this were already on the list, this one stands out because of its volume (amount \* quantity) and missing expiration date: + +TypeDatafilename:lineSEC\_CUMULATIVE\_EQUITIES\_2022\_02\_16.csv:84910Dissemination ID281369514Product IDPORTFOLIOSWAP:PRICERETURNBASICPERFORMANCEExecution Timestamp2022-02-16T21:21:37Notional Amount2000000 USDNotional Quantity16000Price127.917296Underlying Asset IDUS36467W1099 + +You can find swap data here: [https://pddata.dtcc.com/gtr/sec/dashboard.do](https://pddata.dtcc.com/gtr/sec/dashboard.do) There, choose "Cumulative Slice Reports" and then "Equities." These zip files can be downloaded and extracted comfortably with a download helper. After that, I filter our swaps with grep using the Gamestop ISIN US36467W1099. Yes, there are also minor swap positions in "GME.N" and some [ETFs](https://www.reddit.com/r/Superstonk/comments/sthj4k/all_etfs_with_gme/). + +GME also has other trades with XX billion USD volume from 2021. Their expiration dates are well distributed over the next ten years. Substantial positions in CFDs (Contract For Difference) are found on these dates: + +Execution TimestampExpiration DateVolume2021-04-08T20:26:092023-04-1272000000000 USD (6)2021-04-08T20:26:092023-04-1238000000000 USD (3)2021-07-07T21:15:252026-07-0932000000000 USD (9)2021-12-21T21:01:432023-01-2526000000000 USD (8) + +I found that each of these transactions was listed multiple times, as indicated by the number in parentheses. Entries differed in price, amount, and dissemination ID, but never in timestamp and volume. It might as well be multiple simultaneous trades. To put this into context, there were also other large trades in other equities that far exceeded market capitalization of the underlying. I do not fully understand the derivatives involved and have no idea how to interpret this. I leave it up to you to evaluate. + +**TADR;** We found new data on swap positions. I hope our ape finance experts can take a look, put these numbers into context, interpret them and enlighten us! +Hi everybody, + +Since most of those concepts are hard to grasp and tend to be misleading or a tough to understand. + +Let’s me smooth it out for you :) + +# WEB3 : Era of Verification/Validaton + +&#x200B; + +[Visual of Web3](https://preview.redd.it/iwfzkrwcxx381.png?width=945&format=png&auto=webp&s=561b4e4bf058325bacdf1a71cffc63a485739fdf) + +&#x200B; + +This has been around lately, so what is Web3 and how is it different to the internet we know it? + +Right now we are living in the Web2 world and what means is that the current state of the internet as a whole is basically in an interactive read only (web1 was static read only information), with interactive means that you are able to upload content like videos, photos, chat and interact in reality time. + +You can upload information, read it, make copies of it, but you can’t verify it to the internet and no one is able to “**verify**”, "**validate**" or "**own**" the information. + +The era of **information (read only interactive) is web2**, without an external source to confirm any of this data. + +# THE FUTURE + +Now imagine that there is a way that a third party is able to confirm and **validate** pieces of data, confirming that the data is correct and assigning it a unique space in a blockchain. + +That third party is a ledger-based blockchain, the one best suited to perform this duty currently is Ethereum (that’s why GME is working based on etherium). + +But what do I care about validation? How is that affects me in the real world? + +This opens a huge door of opportunities, let’s explore some. + +Web3 will evolve systems like a country registration of IDs for example. + +Currently there is a project called **ENS** [**Ethereum Name Service**](https://coin98insights.com/what-is-ethereum-name-service-ens), this project allows anybody to link their Crypto Wallet to their Ethereum identity (ENS), your name is minted in an unique block (NFT) and no one else can have that name, you will have effectively an **unique validated and verifiable ID** on the blockchain. + +So far it’s your name.eth (example, Melon.eth). + +That ledger can effectively replace Passports and mint your Identity as an **NFT (Holberg, principal engineer at GameStop) design this NFT application called HODLBERG.** + +# [This is how HODLBERG works.](https://twitter.com/croissanteth/status/1434992116225220609?s=21) + +&#x200B; + +[Hodlberg TL:DR](https://preview.redd.it/eiy7bwsfxx381.jpg?width=680&format=pjpg&auto=webp&s=8884d9321222c9a041616bd9953bcd128d21ab33) + +&#x200B; + +&#x200B; + +[Hodlberg detailed](https://preview.redd.it/d38vbnihxx381.jpg?width=674&format=pjpg&auto=webp&s=d142c6eea74b4537324d88d593c860828a842571) + +&#x200B; + +# Driver's License + +Now imagine you been able to \*\*validate\*\* (verified by the entire Ethereum network) your **drivers license online**, the equivalent of having millions of people looking at your driving license and saying Yep Yep that’s real, or Nop Nop is not. + +Creating that UNIQUE block (no one else can have your same license number or document) is an NFT, you can link it to your wallet and all browser will be able to **connect with your wallet and confirm you identity and your drivers license, on the internet, for anyone to see and verify, decentralized.** + +No more queues on the airport, you can easily sign any document with your ENS Melon.eth and be as valid as your passport, country ID or driving license, it’s verified by a decentralized authority. + +Let’s go to a another example. + +# The car registry. + +With this you can create a UNIQUE entry of every single car, every car has an unique manufacturing VIN number, I can create an UNIQUE block NFT with those unique features and name my car, but also I can link it with a proof of ownership such a receipt or another registries. + +There can’t be two cars with the same VIN number and characteristics (physically), also now I can link that NFT to my wallet and trade my ownership online. + +Validated. With the security of the entire Ethereum blocks chain network. + +This are just 2-3 examples. But the limits….. no limits. The future. + +Another word that needs to be understood is Metaverse. + +# THE METAVERSE + +&#x200B; + +[The Metaverse](https://preview.redd.it/s5dglx5kxx381.jpg?width=1200&format=pjpg&auto=webp&s=02c57b149047007c594181dfc5cc9558f1c156c9) + +&#x200B; + +It’s basically a **bridge between reality and web3 using Augmented reality or virtual reality**, the attempt to replicate real life experience but digitally, like going to the movies, or a concert or shopping at the mall. + +**With web3 you can validate your identity (yourself) online and use your NFT to trade for a ticket, pair of shoes, a car, electronics and anything you imagine digitally and real life.** + +So you would be able to go to a virtual GameStop store and talk to a customer rep or an NPC and preview items on a digital form in 3D, it will evolve into looking like reality itself, not far from ready player one hu? + +Let’s continue. + +&#x200B; + +# So, what are DAOs, NFTS, Zkrollups, Layers 2 and Loopring? + +&#x200B; + +# DAO (Decentralized Autonomous Organization: + +&#x200B; + +[Parts of a DAO \(its like a business but with democracy](https://preview.redd.it/6bhj14cmxx381.png?width=608&format=png&auto=webp&s=e5a19da37eab2aec88fefae10d991b5f255c71a8) + +&#x200B; + +\*\*DAO stands for (Decentralized Autonomous Organization) pretty much like a regular business/project but the intention is not to have a single controlling party/owner. Hence decentralized and autonomous.\*\* + +&#x200B; + +\*\*This projects will have a set of rules (smart rules) set by the creator (taylormade thinking about the community and shareholders to serve). The people that wants to participate will follow those guidelines according to the project.\*\* + +&#x200B; + +Markets are based on trust, so the Creator needs to make sure that the rules are fair for everyone and also that the project purpose can attract and benefit a community of shareholders with a common interest; could be anything. + +&#x200B; + +\*\*The more people and bigger community, more value and resources are throw into the DAO, more brains giving feedback and helping, faster and bigger expansion to similar or new ventures by the entire community, not just the creator, more trades happening so everyone gets their share from more pies, the project will grow and so is the Value of their NFTs, the tokens. + +&#x200B; + +The opposite can happen if the project is not up to the standards, if doesn’t satisfy a need, low quality products and just like a bad managed company or a scam, I’ll eventually go down, so it’s about trust. + +&#x200B; + +Where to put money in? That’s up to you to find out according to each project fundamentals and purpose, which one adapts to your knowledge, expertise, hobbies, likes, feeling or however you make decisions. Then you can support your DAOs, each NFT you will have will be part of a DAO, so dig on what the project is about before deciding to invest or not. + +&#x200B; + +Always educated decisions are problemless decisions :) that’s my opinion + +&#x200B; + +Remember that these are smart contracts/projects, means that the idea is to Taylor made each contract according to the creator, the community is aimed for and the project itself to survive and be sustainable. + +&#x200B; + +A more fair market. So the bigger the project and more value/currency is inside, the more valuable the DAO will become, the more will grow and expand. + +&#x200B; + +Just like companies work in real life right now, just that doesn’t have to answer to a government first too. + +&#x200B; + +it’s going to be easy for everyone to adapt since it’s pretty similar, just clean and transparent. + +Lets go to nfts. + +&#x200B; + +# NFT (Non-Fungible Token: + +&#x200B; + +[NFT Token inside Ethereum ledgerNFT Token inside Ethereum ledger](https://preview.redd.it/16eiolwoxx381.jpg?width=930&format=pjpg&auto=webp&s=316aaecf276360cbe03e77f12b2fc03a1a021790) + +&#x200B; + +Where all this come from? From a need for decentralization. + +Let me explain in a simple version about the future of markets, finance and GME. + +People are often seeing crypto as a casino to go in there and bet to make money, not actually basing themselves on the project fundamentals. + +Fundamentals in a project is what makes the project (their approach to solve a need), the service/product they are providing, how is gonna perform towards the future and how is providing the solution for that need. + +Right now everyone has a need for a different financial sector due to the current market being corrupt and manipulated based mostly in politics and whatever the fed, HF, whales and central banks do with it (I recommend you to read my other posts about markets and The Infinite Money Glitch). + +That completely disconnect the market from the fundamentals and performance of the projects/companies. + +So there is an urgent need to move to decentralized and bring back more democracy and global consensus instead of the 0.00001% controlling everything. + +\*\*Cryptos L1\*\* (like Bitcoin or Ethereum or basically all cryptos) have 2 big problems. + +1: \*\*Transaction speed\*\* (Bitcoin can do 7 transactions per second, Etherium 30 per second), compared to \*\*MasterCard that does 5000 per second\*\*, can’t be a viable option to use for a lot of people or a lot of transactions, will create a massive queue of transactions that also bring to number 2. + +2: \*\*Transaction fees\*\* (gas fees) are priced based on supply and demand, transaction queues will leave to have a constant high demand but low supply of transactions, making them too expensive and a lot of the time even more expensive than the digital/real asset you with to purchase. + +# THE SOLUTION: Zkrollups + +&#x200B; + +[How to increase the Transaction Speed \(Transactions per second TPS\) while super money efficient \(affordable\).](https://preview.redd.it/1ej4vy6sxx381.jpg?width=1280&format=pjpg&auto=webp&s=4c40aa6610752d2625ba2a0ed1626f4573734ac0) + +&#x200B; + +So basically, \*\*Loopring created a winzip like tool by creating a off chain copy of a blockchain with massive scale ability (up to 400k transactions per second)\*\*. + +\*\*Bundle all the transactions that happen on that L2 blockchain and send it to Etherium in massive batches, splitting the cost to all the transactions, make in it super cheap.\*\* + +\*\*Transactions in L2 are super fast since is in a off chain blockchain while zkrollups allow to be that bridge to get the L2 constantly verified and validated by the entire L1 of ethereum everytime those batches occur.\*\* + +&#x200B; + +\-------------- To know more in depth info, here is some material + +**Watch this youtube video on the link bellow** of Vitalik (creator of Ethereum) talking about Zkrollups and how he thinks Loopring is the solution for Ethereum problems of scaling and gas fees (fees from using etherium). + +\*\*[https://youtu.be/XW0QZmtbjvs](https://youtu.be/XW0QZmtbjvs)\*\* + +Watch from 1hr:14:00 to 1hr:17:40 to understand Loopring and ZkRollups from his words. + +The whole Rollups section is very interesting. + +\*\*To know more about Zkrollups (in depth, I recommend to watch This video by Finematics [https://www.youtube.com/watch?v=7pWxCklcNsU](https://www.youtube.com/watch?v=7pWxCklcNsU))\*\*. + +\*\*Finematics video about Liquidity pools s also amazing to undertand, thats in my other GME squeeze for DUMMIES.\*\* + +\-------------------------------------------------------------- + +&#x200B; + +[Rollups Functionality](https://preview.redd.it/185lf7xtxx381.png?width=872&format=png&auto=webp&s=1a949ee6eeaf60704134e1d9962d3f240238b559) + +&#x200B; + +&#x200B; + +This is the \*\*future of currency, finance and economy, all in NFTs.\*\* + +Basically what finance can do, this can do it much better, while keeping the transparency and high security of a blockchain consensus based of Ethereum, also while maintaining democracy and avoiding creating bubbles or synthetic shares. + +Keep in mind that there is something so beautiful on those projects and marketplaces, the market place doesn’t work for one institution or person (like a bank and CEOs), they work for the system itself. + +Let’s say you are a singer or have a band and your band releases your album but instead of selling it using dollars (fiat), decided to sell it using their tokens in L2. They split that song in 1million pieces, first songs are sold for $1 worth of the token at the start. + +Out of that $1 80% will go back to the entire network of owners of that band/album tokens, 70% of those are spread across everyone and 10% is burnt to keep reducing the supply increasing the net worth. The last 20% will go to the creator/artist, always, always that ratio. \*\*(Right now the standard I might say is 80-10-10).\*\* + +So if you are part owner of any piece of that song/album, every time someone comes in or transaction that specific song, \*\*EVERYONE WILL BENEFIT from it.\*\* + +That is decentralized finance. That’s based on fundamentals, and that true value of investment, you believe in the band/artist, and the more sales and transaction and more popular becomes, more value will bring back to the entire network. + +# GME IN THE HOUSE + +&#x200B; + +[Lets gooo!!!](https://preview.redd.it/ht9ayc4wxx381.png?width=1024&format=png&auto=webp&s=b49bdac8990861c5858127aa34b6ce1eb51198db) + +Not only bringing top expertise on blockchain and NFTs, but seen ahead to the future \*\*(I based this on Ryan Cohen long friendship with finestone).\*\* + +\*\*GME is gonna be the first massive project of this, already been tested and working on Loopring L2 (you can check yourself).\*\* + +The possibilities are endless, but let’s keep it simple with one example. + +Let’s say that there is a new Mario Bros battle royale, they decided to create 10 million copies of it and release them as an NFT. + +$10 worth of GME coins in the GME L2 marketplace. + +With those $10 you can play the game, but also you own part of the project, you can decide and participate in new updates and items released so give you more power towards the game. + +But also, if the game succeeds, the tokens you have by selling the game (if you decide to do so) will be more valuable against those initial ($10), because now the game market cap is gonna be bigger and we know decentralized market spread the spoils of sales to everyone that has that coin. + +Also, limiting the amount of copies will create that when all the copies at base rates are sold, a auction market for the copies will be the only way to purchase that game and getting into the project, then when there is higher demand and little supply, boom! The price of the copies are gonna increase. + +The NFT can store data, so in your copy of the game you can have the items you unlocked or purchased in game or save files, making your game unique and more/less valuable. + +Also, if this copy was owned originally by Ryan Cohen or any person that is famous, you can see it and confirm it on the blockchain and that will also will give added value to those transactions in the market place, making those copies more valuable. + +For every of those transaction no matter the prices are trade on, benefits THE ENTIRE NETWORK OF FANS and owners of the game. + +Also keep in mind that this system is lot more intelligent than any other financial transaction, these transactions are smart contracts, meaning that you can set specific rules for the transactions. + +For example, I can limit a copy of the game to be sold only 5 times and if sold a 6th time will self destruct, or can be only trades once every 5 days, or that the increases on price can only go up by 5 tokens at the time (controlling volatility) and so on, the list goes on with unlimited possibilities. + +# TLDR: + +\- \*\*Web3 is knocking our doors, the new age of validation.\*\* + +\- \*\*Opens new possibilities from creating your new Online/offline identity, create your assets as NFTs to turn them into a digital asset and be able to trade it.\*\* + +\- \*\*The Metaverse is the bridge between the internet and reality (Using augmented and virtual reality to give a real life like experience while validating your virtual identity).\*\* + +\- \*\*This is the future, and true financial democracy. GME is set to be the pioneers of this new technology that Vitalik himself (Ethereum creator) sees as the future.\*\* + +\- \*\*Zkrollups is the current best solution to use Ethereum ledger for validation and security, while keeping gas feed to less than a dollar and scaling the Transactions per second TPS to a better and faster functionality than current banking.\*\* + +&#x200B; + +Above you will find a very easy to understand explanation of what is happening, why and how is happening with real examples. + +Please share for people that don’t understand what blockchain is and educate a bit about the future of possibilities. + +This is what I think they meant by + +\*\*POWER TO THE CREATORS POWER TO THE PLAYERS POWER TO THE COLLECTORS\*\* + +If any of you guys have any questions, I’ll be more than happy to answer. :) + +🍉 \*\*is out.\*\* + +Disclaimer: Nothing in this post, comments or any thoughts/opinions I might is or should be taken as financial advice. This is educational purpose only. Use your critical thinking and evaluate your particular situation with your financial advisor or professional, always ask questions, seconds opinions and educate yourself before any decision. + +Common asked questions: Talk about scarcity and value increase. Why would that be desirable and sustainable? + +My answer : + +The point is not about the actual increase or decrease of your value, in reality this is a replacement of banks. + +Let’s say you have $100 in your bank account sitting in there, that money goes to the market cap of the bank as an organization since they can “use” that money for themselves and you trust them with the keeping it, they don’t keep it. + +With inflation today (6.2%) your money by sitting still “in the bank” is actually losing value at that rate. + +That’s why the more money you have the most likely is for you to invest it in things that at the very least give you that 6.2% of your losing value back. Usually invested in government bonds which suppose to be “safe” and “low risk” since they are backed by the government and the government haven’t default ever yet. So you put your trust that at the end they will give you your money back plus your yield (6.2% or more). + +So even tho you have your $100 in your account, anything else around is going up at an inflation rate (6.2%), and suddenly your buying power is less, less things you can buy with the same $100 dollars. + +The bank used your $100 And let’s say they doubles that money (the on average get lot more than double), but doesn’t give you back anything really, probably a very tiny % of returns for you storing your money in the bank, a lot of the time they charge you fees and actually take even more money and value from you. + +This is the current system, helps the banks and big institutions with your money. Increasing the value of everything else also by printing counterfeit “legal” money at the FED and they call it QUANTITIVE EASING. + +So there is a reason and need for a currency to grow in value to keep up with everything growing in value around it. + +The token L1 will need a counter party currency to be exchanged (most common is US Dollar that use the fiat system). Blockchains have limited supply of token (a set amount of tokens), and the more currency injected to it (US dollars for example), the more market cap of that blockchain of tokens (ethereum cap is currently 250 billion) and the number of tokens supplied for ethereum is 117.7 million tokens/pieces. You divide those numbers and should give you the price per piece. + +The more people get into buying ethereum for example the bigger the market cap so bigger the price discovery. + +Bonus: Another example :) + +Let’s imagine this situation. + +In the current world we have: + +The singer will go to a label to promote his album, manager, Spotify, YouTube, etc, and they usually take the larger amount of the deals. + +Now let me explain better how the model would work with NFTs DAOs. + +A singer make one song and sell it to me in let’s say $1 and put in the contract that each time that song is resold the singer gets 80% of the profit and 20% goes to the seller. + +So I sold the song to somebody else, then in this case the singer get $1 from my original sell plus $.80 from my sell. I get 20% of it. everytime the song is resold, 80% goes to the artist and 20% goes to the seller in the network. No middle man like Spotify or Apple Music and the artist always gets its part and 20% for the seller. You can do it on and on and on with always 80-20. You had the song, listened to it and when you sell that. The owner will be the singer but everyone can listen to the song which is the product, like games. + +There are other models in which you can do 70% to the singer, 20% for the reseller and burn 10% of the albums with that extra 10% of money to reduce the amount of supply of copies and making it more exclusive. Increasing the amount of sales :) + +You can make it 50-50, 40-50-10, it’s up to the project and the project goals. (Most standard currently is 80-10-10). No one is forced to buy anyway and if the project is too greedy or doesn’t benefit everyone so you are free not to join. + +I think this explains it better so I’m gonna add it to the post :) + +This are smart contracts and you can customize it according to what you need. Don’t forget that. + +In comparison to the financial system we currently have, you put money in the bank and they use it for their market cap to make more money for themselves, giving you crumbs and you never owned a piece of the bank, but you did “invest in them” by putting your money in for them to play with. + +With blockchain you put your money in, you actually own a part of the project and the project success is shared with everyone equally and proportionally of your stake of course. So makes it easier to beat inflation and not letting others benefit from using your money to trade. + +Another frequently asked question: + +\*\*What's the fundamental difference between Bitcoin and Ethereum?\*\* + +Both networks have a scaleability issues. Both have high gas fees (not efficient) and both are solving those issues in different ways. + +The fundamentals of Bitcoin are to be Nothing more than a coin. + +The fundamentals of ethereum is a ledger technology that companies use to build programs/projects in it. + +So fundamentally speaking, Bitcoin would need to change their own fundamentals to be on par with Ethereum in order to provide a ledger and have rollups and similar ethereum based structures. + +Fundamentally speaking. + +&#x200B; + +\*\*Why Loopring? What LRC has to do with all this?\*\* + +This is my answer: + +They are the ones and first that created a Zkrollup, that is a key component on how the interaction between L1 and L2 works, it’s the tool that compresses the off chain interactions from L2. + +Like Vitalik explained in the video, takes only the validation part of the NFT taking just a minimal part of data to verify in the L1 of ethereum which is the most secured one and will be even more secure the bigger it gets with the coming of eth 2.0 and sharding (multiplying eth 1.0 multiple times and connecting all in the network making huge scaling). + +Then they take all the minimal parts together (of each transaction in L2 off chain) and compressed them into lot less, making the cost of each transaction also be reduced by that amount of compression. + +That’s how you can make a L2 transaction of NFTs (of everything that has value in them and are validated of ownership in the ethereum blockchain ledger) cost cents, I’ve seen the current Loopring L2 in developments and tested constantly cost cents, I haven’t seen a transaction of a dollar yet and I’ve been monitoring it, and big movements transactions to Ethereum and fiat (US dollars). + +Hope that clears your mind and expand it ;) + +Buy only on CS, Hold, DRS (if needed) + +I like to keep it simple stupid - DFV a value investor based on fundamentals. + +Source for the 30TPS for Ethereum, some other courses claim 13TPS, still pretty low for the needed demand in eth 1.0 + +[https://www.google.com/amp/s/www.thestreet.com/crypto/.amp/ethereum/ethereum-2-upgrade-what-you-need-to-know](https://www.google.com/amp/s/www.thestreet.com/crypto/.amp/ethereum/ethereum-2-upgrade-what-you-need-to-know) + +Edit: Other links that might help and interest you guys in the comments. + +Edit 2: Evolve the format, more spacing, titles Tt, added photos and fundamental diference between Bitcoin and Ethereum. + +Edit 3: DAOs section added thanks to u/redwingpanda and changes on the format, some images added + +I’m a Melon, this is not financial advice and shouldn’t be taken that way. This is me sharing my opinion and views. + +Please do your own research, develop and use your critical thinking and look things objectively. Think for yourself. +HungryApe FAQ- + +1- When will we be able to purchase HungryApe tokens? + +HungryApe tokens will be available to purchase on the 1st of May. It will be out at 7PM GMT and the countdown will be on our website. + +You will be able to purchase the presale when the counter on the website hits zero. + +2- Why should I buy HungryApe? + +We are fully sponsored by one of the biggest community on the social media which is Rich kids group, followed by more than 1.3Million. There are bunch of famous Tiktokers promoting it with an average of 50k followers and an average of 100k views. We will be sharing their videos with you before the presale. + +Before the launch, we are deciding to dox ourselves to you and answer your questions live on Twitch. + +After the launch, we might face an initial dip. Therefore, we have prepared a campaign with famous Tiktokers with an average of 100K followers & 300K views. The coin will definitely fly after that! So HODL HODL HODL to win big. + +We expect another dip to happen, but don’t worry, we got you covered. We’ll promote it on one of the biggest crypto YouTube channels. Our coin will go viral and renounce ownership. + +Liquidity will be locked and the coin is a 100% rugpull proof so we leave it to our lovely community. + + + +3- Is there a limit for presale? + +Presale is 1BNB to 1.5BNB max. + + + +4- Where’g hungry ape presale hosted? + +On Dxscsle platform for an autonomous launch. + + +5- Is the liquidity locked? + +Yes liquidity is locked for 100 years + +6- Owner ship renounced? + +Yes. + +Have you burned any tokens? +Yes, we’ve burned 15% + + +HungryApe a coin from the community to the community❤️ + + +Web: hungryape.finance + +Tele: t.me/Hungryape + +Twitter: twitter.com/hungryapebsc + +Instagram: www.instagram.com/hungryapecoin +I’m hoping to get serious answers from folks who went through 2008. + +What was a good way to safeguard yourself against the 2008 crisis? + +How as a 30 year old can I make sure I don’t make a Bad decision. + +I’m trying to buy a condo at the worst moment. Does it make more sense to squirrel my money away for the next year somewhere? + +Or should I keep my money in the bank +If you need help getting started I'm happy to answer questions here or on twitter and you can read my beginners guide to ether investing, 50 pages and very comprehensive, for free here: https://www.ethadvisor.com + +Again, welcome to the community and we are all glad you're joining us!! 😎🤘 + +For those of you are are RE or semi-RE (like me) have you had any luck qualifying for mortgage loans based on your assets rather than your income? + +I ran into a wall recently where a lender here in WA state (WAFD) would not consider my stock sales as income for the purpose of calculating debt-to-income ratios. + +Also, I'm aware of the option to use a PAL / SBLOC to borrow money, but I'd prefer a proper mortgage in this case. +Canadian REITs haven't recovered and they might be a value play in anticipation of the recovery. I thought I would share my research and top picks for those still interested in value investing in REITs. Warning: I've been doing this since March/April 2020. In retrospect, this was not a good strategy, because we've seen tech run up (e.g. Tesla, Zoom, DOC.V, ARKK, etc.) with insane valuation, and I've missed out on those crazy gains. I guess that's why diversification is important (important lesson for me personally). Anyway, on to the list. + +\#1 - HR.UN + +* Diversified reit (40% office, 28% retail, 9% industrial, 23% residential) +* USA/Canada +* Payout ratio (AFFO/ACFO) - 9 months ended Sept 2020 = 72% +* Rent collection = 93% +* Price/Book = \~0.60 +* Debt to assets = 47.2% +* Notes: HR cut their distribution in half at the start of the pandemic making their balance sheet pretty healthy. The share price has been slowly declining and now this could be an opportunity to slowly buy in. Insane value with price/book of \~0.60. I wish they would have a little less office and a bit more industrial in their portfolio though. + +\#2 - IIP.UN + +* Residential reit +* Canada +* Payout ratio (AFFO/ACFO) - 9 months ended Sept 2020 = 73% +* Rent collection = 99% +* Price/Book = \~0.95 +* Debt to assets = 30.9% +* Notes: What I like about this REIT is they've got very low debt. That's healthy and it should allow them to jump on opportunities. The distribution is low but they've been growing it and I see it largely as a "growth" REIT rather than one that provides distributions. Most of their properties are in Southern Ontario, Ottawa and Montreal. That's where many people live & work (especially newer immigrants) so I think it's a positive. + +\#3 - KMP.UN + +* Residential reit +* Canada +* Payout ratio (AFFO/ACFO) - 9 months ended Sept 2020 = 82% +* Rent collection = 99% +* Price/Book = \~1.05 +* Debt to assets = 43.8% +* Notes: KMP.UN is mostly a residential REIT although they have a very tiny amount of retail/office properties. Most of their properties are on Canada's East Coast like NS, NB, PEI, etc. Not sure if people will still want to move there after the pandemic is over, but if yes, they will see major demand/growth. + +\#4A - SOT.UN + +* Office reit +* USA/Canada +* Payout ratio (AFFO/ACFO) - 9 months ended Sept 2020 = 63% +* Rent collection = 96% +* Price/Book = \~0.50 +* Debt to assets = 57.8% +* Notes: Payout ratio is healthy but it's still risky since we don't know how well offices will do post-pandemic. The need for offices probably won't die out entirely, but we could see reduced demand after the pandemic is over. Debt is still a bit high. Unlike my other top picks, institutions only own \~2% of SOT.UN shares, so that could make it more risky. + +\#4B - SRU.UN + +* Retail reit +* Canada +* Payout ratio (AFFO/ACFO) - 9 months ended Sept 2020 = 89% +* Rent collection = 96% +* Price/Book = \~0.80 +* Debt to assets = 44.3% +* Notes: Other retail REITs have cut distributions to strengthen their balance sheets without triggering major sell offs of their shares (e.g. RioCan). SRU.UN has not cut distributions yet but my thinking is why wouldn't they cut temporarily like other retail REITs to increase cash reserves, which allows them to invest in their own business. Goldhar has been buying huge amount of shares so this is a positive sign. I don't like the fact that Walmart is their major tenant. That's positive for the pandemic, but not necessarily long term because that's poor tenant diversification. +feb 23rd hours before the invasion (when i heard CNN say it was the largest military build up in europe since ww2) i panic sold ALL My stocks..they were all tech stocks that i had held for over 10 years.. i dumped everything ..i thought the USA would send troops into ukraine to fight and possibly start ww3 and i felt like i did the right thing selling ...but then stocks went back up and i heard usa would never be sending troops into ukraine to fight and that they didnt want to start ww3.. so then i was kicking myself for selling my stocks which i had held for 10 years.. but then the narrative moved from war to CPI and inflation and possible recession next year and then china covid lockdowns.. the market has been all over the place.. right now i could buy back some of my stocks at the same price i sold them at but... should i buy back in now or wait or what2do? + +ps: i noticed some people commenting on the taxes i would have to pay on the capital gains from the sale of my stocks. however, the stocks i sold were all in a tax free account. so bottom line is that i will not be paying any taxes on the sale of the stocks. + +pps: to all those who say my story is bs or call me paper hands(?)... i bought half of portfolio back in 2007 .. and i never sold, not even during the financial crisis of 2008 ..i added to my portfolio in 2014 & 2015.. and i never sold... i added more in 2019 and just before the covid crash in 2020 and i held during the crash i never sold.. infact i never ever sold any single share since i started my portfolio back in 2007... however, when feb23rd 2022 came along i feared the worst and then i did sell.. i SOLD everything (my entire portfolio). So to be clear. i held since 2007 only to sell in 2022. + +(i am ignoring mean & hateful comments) + +(if you want to chat or send me a message, i will reply) + +&#x200B; + +april 21 update: so i just bought back 12% of my portfolio at a little below what i sold them at back in feb. +Astute investors and utter morons, greetings! + +It’s actually the utter morons that I want to focus on today, because I always put a disclaimer on these posts that These Are Not Financial Advice, and I do no proper research, and you shouldn’t act on anything I say lest financial ruin befall you and your wife leaves you and then she’s entirely her boyfriend’s problem and that’s just a bad situation for everyone all round. (And, of course, those warnings apply in their entirety to today’s post, so don’t do anything at all based on this). + +But suppose you were the sort of person who reads things like “SILICA GEL DO NOT EAT” and thinks, you know what, I might have a crack at that? + +(Actually – if you were to eat silica gel, how do you reckon you’d consume it? It seems odd to just tear the packet open like it were a small bag of sugar and down it like an unsupervised child in a coffee shop – would you use it as an ingredient in a cake, maybe, or use it to garnish a salad? Let me know in the comments how you’d eat silica gel if you were so inclined, and For The Love of God Don’t Eat Silica Gel). + +Anwyay. The point I was getting at – and I owe a debt here to u/ewanelaborate for making a comment that inspired the creation of this post, and also to Edgar Wallace, who edited the transcript of the Mahon trial – is what if you acted against all common sense and good reason and repeated warnings and fuck me sideways, do you really base investment decisions on things you read in “Ritalin fuelled write-ups” (u/ewanelaborate again) on ASX\_Bets? + +Oh, you do? You absolute bassoon. + +So – what if you had in fact bought into the companies that I have mentioned in this series? + +**The rules of this stupid, stupid game** + +I have drawn amusement from a lot of small cap companies in this series. So I decided to draw the line at six months ago or more, on the assumption that despite you being a spanner beyond any reasonable redemption, you aren’t enough of a garage tool to try your luck at day trading or turning a short term buck. + +(I mean, of course you are – but also, it’s a lot of companies, and I don’t want to do all the research, so you can literally DYOR if you want to go further than that). + +So, because it’s my game, and I make the rules, and I’ll cry if I want to, I am going to assume that you were stupid enough to buy $1000 worth of shares in every company mentioned in this series, on the next trading day after the post was published, and still hold them today. I had to have mentioned them six months ago or more, which means there’s 33 of them. Because I’ve written this post while the market was open, today’s prices might be a little bit wrong by the time you read this, but it’s good enough for this well-researched academic paper. + +That means you’ll have had to put up $33k, which is no small amount of money, but then what else can you get for $33k these days? Three quarters of a tank of premium unleaded? You certainly can’t get a nice car to put it in, because there’s none available to buy until 2027, and as for a house deposit – man, even cardboard boxes under bridges are out of reach with that sort of deposit. Frankly, you’ve only got yourself to blame for having been born working or lower middle class. + +**Duly noted and suitably chastised. So, ah, would I have made money?** + +Somewhat awkwardly given the tone and strength of the warnings I give….yes. + +Which means two things: I should have offered this as advice in a paid newsletter called The Rosencrantz Report and got myself some worry beads like the dearly departed Rene, and I should have gotten high on my own supply and bought all of these companies myself. (As it stands, of the 33 on this list I own only LKE and VUL, and I had them both before they fell within the scope of the series). + +Anyway, if you’d have astutely invested your $33k into Australia’s smallest, cheapest, or just most amusing small caps, today you’d have roughly $37,215. Which is about an 11.3% ROI. Which is, embarrassingly for me and my repeated warnings, not bhed. And doubly so given the recent state of the market and (waves around generally)…everything. + +Of the 33 companies, 14 made money, five went nowhere at all and barely traded (hello QUE!), and the remainder lost your hard earned. + +**Which companies did the most to bankroll your $37,215 Lambo?** + +Our absolute champion is **TYMLEZ Group Limited (TYM)**, up a very tidy 233% if you’d bought them on first mention on 10 September. Looking at the name, I assume like my inner 14 year old that you’re thinking “hehe, lez” – but the company description very clearly and succinctly explains that they, in fact, do the following: + +“TYM's Principal Activity is the provides a scalable, multi-tenant, enterprise-grade smart contract blockchain platform which can be deployed and/or implemented via partners within an enterprise or across a consortium. The Group brings commercial-grade blockchain technology to the enterprise by delivering a scalable platform which enables accelerated development, management, and deployment of enterprise blockchain applications algorithms.” + +So yeah, this is some sort of whatever the hell that means crypto scalable blockchain smart contract DOGE buzzword blah blah I have no idea, so, I dunno, lesbians. + +How in the sweet merciful fuck did they pull this off when crypto went down more than…probably any other asset class? + +Well, the company went “whooshka” (to use the term in the finance textbooks) in early November when, looking at its announcements, some directors resigned and new ones came on. How would that make you feel if you were the one who resigned? Did they even get a farewell card? Then it got a speeding ticket in early December in which it explained that it had no idea why, your honour, but it might have something to do with joining the Australian Hydrogen Council. + +What does that have to do with…? + +Well, the company description at the bottom of its speeding ticket response says mostly the same as the above, but with the addition of “supporting clean energy and sustainability initiatives”. So this is a crypto company into hydrogen that just needs to get into lithium somewhere to perfectly encapsulate investing in 2022. Nice. + +Second best was your friend and mine, **Lake Resources Limited (LKE)**, in which I and everyone else reading this own shares, proving its status as Australia’s greatest ever company with almost limitless upside with a handy 163% rise from its mention on 30 August. + +And bringing home the bronze in this Olympic year (and weren’t the Beijing games a cracker? Yeah, I barely realised it was on either) was **Tennant Minerals Limited (TMS)**, up a tidy 121% from 30 August. TMS digs holes in the ground into which it shouts “hey mate, any cobalt, lithium or zinc down there?”, and in early March someone shouted back “no mate, but can I interest you in a spectacular 50m at 2.70% copper intersection at Bluebird” and the market went “hang on, isn’t a Bluebird a car so it’s a Bluebird at the intersection and not the other way around, and by the way is that a Series Three Bluebird because I think that was the best looking one, and why doesn’t Nissan make it anymore?” but then it understood the whole thing a bit better and the share price got three rocket emojis. Beats digging a hole looking for stuff and finding dirt. + +So yeah, this company is the genuine Hot Copper. + +I wonder if there’s any ASX listed companies whose business is in fact digging up dirt? + +**Speaking of giant holes in the ground, who lost us the most money?** + +This is a bit harder, because a couple of the companies we befriended along the way have been suspended from trading (TNP and AGJ); so if they come back from there, there’s no problem I suppose, but at the moment your money is stuck there. But for this purpose I’ll take them out of the discussion. + +In reverse order of the worst three, we need to be pointing out collective fingers at: + +**Buddy Technologies Limited (BUD)**, down a decidedly unbuddylike 55.6% since we came across it on 9 September. What happened? Hard to say – it’s just been on a long, slow decline over that period without an obvious drop, so I am going to assume it’s all the work of some very subtle and slow working downrampers being paid by shadowy and nefarious instos to rob Mum and Dad investors of their hard earned mad gains. (I refuse to get a Hot Copper account, but if you have one, do please post such a conspiracy theory there and let us know how you get on). + +**Atrum Coal Limited (ATU)** is down 65.7%, which is obvious because it’s not a lithium miner, it’s a coal miner, and lithium is cool and coal is not, and did you know that all those electric cars are powered by coal anyway so WAKE UP SHEEPLE YOU’LL GET THE KEYS TO MY DIESEL CRUISER OUT OF MY COLD DEAD HANDS. (I get into far, far too many arguments online with people who are scared of electric cars – yes, you can run them on coal power, no, it’s not the best solution but hey, even if you do that’s actually still better overall than burning oil products to go places, and no an electric car can’t tow your caravan to Perth without ever stopping for any reason at all like lots of people in the comments section apparently do every weekend). + +Anyway, ATU has had some ongoing, ah, difficulties with the province of Alberta in getting its hole in the ground off the ground (as it were), and its share price rises and falls roughly in line with whether updates it gives on the approvals and appeals process are good or bad. My understanding of the most recent announcement is that Alberta is still saying “you and everyone else can’t dig for coal in that area right now” and “maybe in future but only after we’ve worked through these eight points” and the market didn’t like that because the share price went down a slippery slope as if it had fallen into a coal mine located somewhere that wasn’t Alberta. + +**I have some bad news. Are you sitting down?** + +**Q Technology Group (QTG)** is no longer with us. It is an ex-ASX company. It is deceased. Defunct. Delisted, to use the technical term. Which, as u/The_Purple_Eagle pointed out when I asked in the daily earlier, might just mean that it’s not on the ASX anymore, to be fair. + +It’s surprisingly hard to find historic price data and other information on delisted companies, but we noted when we came across QTG on 26 June that it described itself as “an investment Company with discussions progressing to identify future opportunities for the Company.” + +One can only assume those discussions were not fruitful, alas. And so, on 12 November, the company was removed from the official list. + +Going through its announcements, it’s difficult to identify any notable activity by the company in recent years. However, in a trip down memory lane for those of us old enough to remember the Y2K Bug, you’ll be pleased to know that one of the company’s earliest announcements assured the market that it had taken steps to address the problem within its own systems in 1998. I don’t remember a lot of NYE 2000 other than I went to a party where someone did an exceptionally good burnout in the street in a VK Commodore, and my ex girlfriend was there but we did not resume our entanglement at that time, but I don’t recall major outages at QTG making the news so I assume it was in fact all good. + +**Pour one out for QTG, alas. Anything else?** + +On 6 August last year we had a look at Australia’s cheapest companies, which were unsurprisingly generally banging about in the 0.001 cents per share range. Two such companies, Aust Tin Mining (ANW) and A1 Investment and Resources (AYI) have resolutely remained at that price, suggesting that the guaranteed money making scheme of trading pips for easy 100% gains may not be quite so easy. + +Worse, the third of the 0.001 trio – Classic Minerals Limited (CLZ) – shot up to 0.002 on the next trading day after I published that post, but returned to earth pretty soon after. If you bought CLZ at 0.002 based on that post and became an instant bag holder, all I can say is – you should have DYOR. + +Until next time, astute investors, may you continue not to act on anything I do or say lest you buy into the next QTG. +Based on mod feedback, with a few other PFT post by others getting taken down, wanted to start a proper post on PFT. + +PFT has been a bit of sleeper hit the last week, growing 10% day on day. Finished up strong today (13%) with the highest volume it's been all week (hit 1M by lunch, when it usually does under 1M a day). It's starting to come on people's radars. There's a very limit amount of shares issued (50M), once all the normies catch wind this will absolutely explode. + +You've all already seen the comparisons with NZS. WOA has also had a huge run lately, PFT and WOA (consumer staple) have very similar quarterly revenues and cash levels, but WOA has a MC of $120m (c.f. PFT at $30m). WOA only had $600k revenue last quarter (similar to PFT). + +Still plenty to come with PFT in their product roadmap, definitely still undervalued based on their projected revenue. Woolies rollout hasn't been fully realised yet, big acquisition potential, pate exporting license. + +Thoughts you dumbfucks? +Right now NYS has a good cause eviction bill in the works. Essentially it boils down to: you are forced to renew a lease at up to 103% of the original rent. + +Somewhat scary. Will the movement end there? Could any state or city government tell you exactly what to charge rent and to whom you must rent to? What is our recourse if they try to pull something extreme? + +I see these politics as one of the biggest risks to my portfolio and future. +If you are banking on a run up causing a margin call and suddenly the hedgies are forced to cover, remember that’s a result of a failed margin call. Anyone on the short end not looking to get nuked is gonna make damn sure whoever gets called can post some capital. Money isn’t exactly a finite resource to these guys. + +GME shares are finite, or at least should be more than cash is. Apes DRS-ing now creates a verifiable amount that we know shouldn’t be moving. Eventually creating an issue where hedgies can’t explain where they keep borrowing shares from to short with. A situation where the SI is higher than the number of shares trading. THAT is what makes this moass. The possibility that they just can’t cover. + +They can fuck around in liquidity forever until apes shut that down by direct registering. A fake squeeze will be a failed launch if apes try swing trading because all that does is gives them liquidity to play in. + +Late edit: let’s say that apes direct register everything available and we see 66m shares either held by apes, insiders, or some type of fund/etf. Let’s say that occurs. At that point, what are hedgies claiming they are hedging options with? If all those shares are locked, what is on the other end of my call option that went itm? This is why, just my opinion, that focusing on options before direct registering is putting the cart before the horse. The float being locked means I know the contract writer can’t possibly be hedged. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hello! Novice question, why would Elon selling Tesla shares drop the price of Tesla's stock? There are a finite amount of shares, doesn't that just make more of shares from a reputable company available for potential investors? + +Or is it all tied into 'oh no, he's dumping shares something must be up' fickle nature of the market? + +Thanks for reading! +I guess this is a reminder to retire to something, not from something. + +In the year leading up to my "retirement", I put together a list of projects a mile long. Things I really wanted to do. Things I had the skills to do (or needed to improve, but only on the edges of my capacity). Things I wanted to learn from scratch. Routine things like regular exercise that I wanted to improve. + +A year later, I've completed none of it. I'm not really sure what happens to most of my days. The first few months were great, I spent my time reading and drinking coffee, telling myself it was the "decompression period." Somewhere in there I have fallen in to a sort of depression: some combination of the lack of structure, the loose timelines on everything and the reduced pressure is going to take some serious learning to get over. My health feels worse than ever (though there was a period near the beginning where it was clearly best ever), but this is probably just my poor mental state. + +Here are some challenges I've got from not managing my mental state well. I expect these could be similar among many people who fit in my demographic -- high energy/career successful professionals. + +- Totally irrational fears: it turns out that with nothing urgent to deal with or worry about, I manage to create things to worry about. They're usually obviously unrealistic/low probability. +- Difficult to motivate any particular project: I have so many projects, but none that I'm sitting around a table with colleagues agreeing are the priority. With no one to disappoint, it has been difficult to motivate working on any particular one. This is particularly interesting because I would have described myself as intrinsically motivated, prior to this experience. +- Yo-yoing behavior. An extension of not being able to motivate any particular project is this level of ADD-style project selection. Start one, move on to a different one, go back, over and over again. I've made nearly no measurable progress on anything due to a lack of focus. + +I'm not really looking for advice (though, if you have it, that's cool). I just felt my story might resonate with some. + +Here's a cool observation: I retired at 120% of my (pretty lean) FI budget (just over 3.5%). I worked with a pretty lean number, because I always knew I was going to go back to work, do more small business activity, consult or something eventually. I'm now, about a year later, at 145% (my withdrawal rate is expected to be less than 3% now). A combination of unexpected income early in the process, unexpected values like my banked vacation time and tax return and a very small amount of small business stuff I have continued doing, combined with great market returns added up to be a straightforward numerical success. +[https://www.bea.gov/sites/default/files/2022-04/gdp1q22\_adv.pdf](https://www.bea.gov/sites/default/files/2022-04/gdp1q22_adv.pdf) + +&#x200B; + + **DP annualized, quarter-over-quarter:** \-1.4% vs. 1.0% expected + +&#x200B; + +The decrease in real GDP reflected decreases in private inventory investment, exports, federal government spending, and state and local government spending, while imports, which are a subtraction in the calculation of GDP, increased. Personal consumption expenditures (PCE), nonresidential fixed investment, and residential fixed investment increased (though not as much as expected). + Massively Multiplayer Online Role-Playing Games (MMORPG) have been growing nowadays and I have growing so much interest in them . Since the launch of NFT games, playing video games has provided a unique experience by offering substantial value to players' activities or characters in video games, the blockchain has made them worthwhile to play. + +I did some research on these MMORPG NFT games and was curious about your opinions on them: + +[The Summoner](https://thesummoner.io/) : The Summoner is a free MMORPG play-to-earn (P2E) game on the Polygon network where users battle world bosses, conquer different levels, and participate in the PVP Arena with other Summoners, which I found out about a few weeks ago. Players can use in-game currency to upgrade Summoner creatures, buy mystery boxes, or convert to real money in the Summoner economy. Summoner provides seasonal in-game activities as well as a first-in-P2E NFT put option for profitable play-to-earn chances. It is supported by BIFROST's multichain technology. + +[SolChicks](https://www.solchicks.io/) : SolChicks is a fantasy Play-to-Earn game based on the SolChick NFT collectibles, in which players utilize their SolChicks as characters in another gaming universe. It is a game that will undoubtedly acquire popularity. This project is one of the most intriguing at the time, thanks to its well-designed environment, amazing graphics, and gameplay. The only thing that can irritate gamers is that the game is not available for free. + +[Sidus](https://sidusheroes.com/#:~:text=SIDUS%20transports%20players%20to%20a,race%20they%20were%20born%20into.) : This is on the ethereum blockchain and it brings players to a universe built on crypto and blockchain philosophy, where a significant technological shift has occurred. In SIDUS, all living things have merged with technology. Each NFT can be turned into a gaming character, allowing users to embark on a journey of space exploration, power struggles, and never-ending warfare. $SIDUS Token (Gaming token) Staking - Players can stake their NFTs in exchange for NFTS payments. SIDUS has three stake levels: Original, Rare, and Legendary. By locking their NFT tokens, users can farm NTFS tokens (s). + +I would love to know about the experiences you have had on these games and also recommend any games that are promising!!!! +Hi all + +I’ve been in this community for a few years and have posted a couple times, mostly around personal milestones, seeking advice on specific things etc. It’s been a while since I last posted, and there have been some changes in my life which directly led up to a pretty fundamental change in my view to the FIRE life. Here to share my experience and hopefully it can be food for thought. + +Background: 32 DINK, career in finance, individual FIRE target $1M with house fully paid for, living in VHCOL. I financially subsidize a parent. + +- I started working in finance at the age of 22 after grad school and only chose this career path for its financial prospect + +- as a result of a general lack of interest and stressful work environment I had felt quite unhappy after 4/5 years into the job and discovered FIRE + +- at the age of 27 I started to seriously pursue FIRE and that became my whole existence: I held a view that despite not liking my job at all, I had no choice but to suck it up and grind it out until I hit my FIRE number. +To achieve that, I did a few things: +1. Tracking every single expense +2. Pinching pennies on certain things (e.g. instead of buying swifer sheets I used old crappy Tshirts to mop the floors) +3. Using checking my FIRE spreadsheet everyday as a relief + +- these (extreme) measures caused the following symptoms: +1. Impulsive purchase of things after being repressed for so long and being washed over by an overwhelming sense of guilt afterwards +2. Chronological stress from always watching the price tag & month end ledge balances +3. Compulsively checking the spreadsheet every time I have a stressful day and fantasize my fateful eventual escape + +- all in all, I was stuck in a hamster wheel: I wasn’t happy at all, but couldn’t see how things could be improved except for sticking it out for another 7/8 years. I made sure to work out 3/4 times a week but was pretty sure I was borderline depressed + +- in 2021, for family reasons I have left the previous VHCOL city (in Asia) and relocated half way across the globe to the VHCOL city (in continental Europe) that I live in now. I quit my previous job for the move and had nothing lined up in the new place. My networth at the time was about $400k of liquid assets. We mostly lived on my SO’s salary (which was covering our recurring & on-off expenses to set up our new life just enough). + +Due to my unemployment I was forced to get a taste of FIRE. + +- I took this as an opportunity initially to rest and be free, and be a test run for the real FIRE life. The first month went by very fast. The second month became a little repetitive with the grocery runs and the home cooking and 3pm dog walks. And the third month quite a void as I finished Fire Emblem Three Houses three times on the Nintendo switch. By the time the fourth month wrapped up, I was knee deep in an existential crisis, questioned my self worth and contribution to society, became a total homebody, penny pinched even more, had a sleep schedule of 3-12, and was…as unhappy as before. Let’s just say that the FIRE test run didn’t exactly work out. + +What went wrong? I noted four things: +1. A total lack of discipline and inner drive +2. Not enough hobbies +3. Not feeling needed enough +4. Peer pressure from watching all my friends being busy + +How to improve and actually get ready for FIRE? +1. Work on building inner peace…meditation, reading, etc +2. Develop new hobbies and ones that better suit my current environment +3. & 4. I have yet to find solutions… + +It took me 5 months to land my current job, we have also just bought a house which wiped out half of our networth. But I’m feeling more relaxed than ever and relieved that the temp FIRE was over, and that I had an income again. + +I’ve also decided on a more laxed view about work and FIRE: not overly press myself to save, understand that I’m the type of person who needs work to feel valued and may very well work for a long time to come. Also assume a more zen attitude about work related stress. + +Like many before me have said: build the life you want, and save for it. I have finally truly understood this now. + +And for those of you who are in a tough grind, are on the verge of burnout: look up, look outside, try something else, take a break, discover yourself, and set off again. + +Sorry for the long post and the rumbling and thanks for reading. +Hey Guys. + +I'm a daytrader as a hobby (I am a HODLer of GME though) and I wanted to point out something interesting I noticed. + +An indicator I use is called Market Cipher that has given me great success in trading and identifying price trends. + +Without getting too technical for non-traders, I saw a strong buy signal flash for GME last week. This is interesting because it’s on a higher time frame chart - daily chart makes it more significant. + +These are the green dots at the bottom of the complicated looking squiggly thing (follow the pink arrows to see) + +https://preview.redd.it/87k54oci23f71.png?width=2328&format=png&auto=webp&s=fdc2dbcbd8377865959b22d3f6e75bf6f2756a86 + +The last time this buy indicator flashed was March 2, 2020. The price was $3.85. + +Since then GME has rallied \~4500% to our current price in a little under a year and a half. + +Notice how there have been some sizeable dumps in price along the way too.The last time the green buy signal flashed on the daily, price ended up having a big dump, only to mini-moon, and then never ever reach that price again. + +So maybe price now goes to $100, hoping to freak retail out, but there's a HUGE amount of buyers around there and it shoots up and begins the next parabolic uptrend. I think this may happen very soon. + +45X from here in a year and a half, with no squeeze, and better fundamentals puts us at $7K if history repeats. Not saying it will, but also not saying it won't. For more info how, Elliot Wave guy's posts can show you. Also shoutout to Rocky Outcrop and Tradespotting on youtube. + +**How long are you prepared to hold if you have to? The answer is as long as it takes. This is a patience game.** + +I also want to show you this other chart. + +https://preview.redd.it/zocv7m4k23f71.png?width=1916&format=png&auto=webp&s=989e7aff56566b3d9d4b9cfadfa32758ce97d587 + +This chart is another indicator, and all you have to know is the yellow X's represent possible price manipulation. There are so many of them geez. These charts are in Log Scale by the way. + +Zoomed in to 1Hr time frame: + +https://preview.redd.it/j8gburln23f71.png?width=1934&format=png&auto=webp&s=aab80a9213f4a07bcc53e4cbf96e115cb3f2bb96 + +Interestingly, TESLA also had tons of yellow X indicators before its slow-squeeze too. Movie stock as well. If we want to compare it to a regular stock, look at Microsoft's yellow Xs: + +&#x200B; + +https://preview.redd.it/7g8dmw1p23f71.png?width=1926&format=png&auto=webp&s=59bb1bd9aecaf7422cb6a42a18c965d5fe3e1cd0 + +LOL. Like 2 since 2012. + +HODL. + +EDIT: + +It's from Market Cipher A indicator. It's usually used for crypto, but I applied it to GME and voila. + +Copypasta: + +The Yellow X is a bearish indicator and is intended to indicate high volume long covering that is rapidly bought up and sold short. This market condition also presents a possible opportunity for whale traders to exaggerate the condition by manipulating the rate of buyback indicating a possible bottom or reversal to breakout traders. This in turn supplies local liquidity then the whales reverse position forcing the market lower. The Yellow X is most reliable on 1 hour and above time periods. + +EDIT 2: I saw an interesting post on Trading View that showed green dot buy signals on high time frames for Bitkorn. The last time it showed a green dot was when Bitkorn was $3000. (It also recently flashed again for $9k and $31k). Makes you wonder what’s coming up for GME. + +EDIT 3: Tesla Chart as requested. + +https://preview.redd.it/lvzlikm183f71.png?width=1930&format=png&auto=webp&s=d68c8789623710e1754884cb6c53ed225efdc832 + +FINAL EDIT: + +Just wanted to clear a few things up for some people here. Technical analysis works. Just because it doesn't tell you the future, doesn't make it BS. It's not supposed to tell you the future and doesn't claim to, but lay out the possibilities, and narrow it down into the higher probabilities. + +TA is not a crystal ball. It's more of a 'peek around the corner' that gives you an edge, or a slight advantage, more than guessing randomly. In trading, that is more than enough to win in the long run. + +More importantly, the common question is does TA work on a manipulated stock? + +Here is my take: + +Firstly, pretty much all stocks are manipulated. Don't think anyone is surprised there. Some stocks more than others, but fundamentally TA and any price action in general is a reflection of human psychology, a map of how people tend to sell low and buy high. When stocks go up, you get excited and pile in cuz you think it will go higher (greed). When it goes low, you sell or at maybe question yourself, or need extra confirmation bias to make you feel at ease (fear). + +GME is interesting because apes are HODLers even if the price dips, HOWEVER, even if apes own the float, don't forget there is Smart Money - institutional money that plays the game in this way with TA too. They have levels that they are looking to buy at as well. We are not the only ones watching this everyday. + +So let's say GME does go down $100 (not saying it's probable, but anything is possible), do you know how many funds that are bullish on GME long term are going to take the opportunity to buy the crap out of it there? If it even gets there? A lot! + +So be excited as the price dips. This is the time that retail could accumulate MORE and own the float many, many more times over. + +When price starts hitting $350 again, most people will be STOKED. Well I'm saying (in my opinion, not financial advice) KEEP THAT SAME ENERGY NOW. Future you will thank you now. + +And thanks for the nice words everyone. Yellow X guy. Nice ring to it. + +&#x200B; +In the book The Art and Science of Technical Analysis, we can find a statistical analysis performed by the author on the validity of Fibonacci ratios in financial markets. I won’t get into details because it’s long and the research is freely available on his website. Long story short, the findings were pretty conclusive: + +* Fibonacci ratios do not provide an edge. +* The vast majority of trends retrace to around 50% of the setup leg, with a standard deviation of about 20%. + +I currently trade the bands system shared a couple of months ago. I backtested it and it shows a clear edge, but since it incorporates the Fibonacci ratios for entries, targets and stops, the mentioned research occasionally pops back in my mind and makes me wonder whether I just got lucky and should review. + +And so I started to think. After a bit, I reached a conclusion that satisfied me. The spark was the second conclusion of the research, the fact that good trends are statistically likely to retrace in the general area of 50%. + +Ok, so, what does “general area” means? Would a buffer of 10% be enough? If we do this, we would have an interval composed by three retracements: + +* 60% +* 50% +* 40% + +If we compare the upper and lower values to the closest Fibonacci ratio, we get the following. + +* | 0.60 - 0.618 | = 1.8% +* | 0.40 - 0.382 | = 1.8% + +(I know it’s an obvious calculation but I just want to make my point clear) + +In other words, Fibonacci numbers are pretty close to what we can realistically assume to be a “general” area around the statistically expected retracement level of 50%. The difference is just 1.8%. + +I should also note that the 61.8 and the 38.2 are the most widely used ratios as far as I am aware. + +Considering that most people who use Fibonacci ratios will consider a level respected even if price goes slightly above or below it, it sounds fair to accept 1.8% as an irrelevant difference. + +To put things into other terms, what I am saying is that if we took the track records of all the trades taken by traders who use Fibonacci ratios in a non purely mechanical way, and we shifted their ratios up or down by 1.8%, I am willing to bet their performance would be virtually identical. + +What does this suggest to me? It makes me think that, maybe, their edge is not in the Fibonacci ratios. Maybe the specific ratios have no significance at all. It seems to me that the idea of expecting a retracement in the area around half way into the impulse leg is what actually drives their performance - with a margin of error of 1.8%. + +Maybe the edge of the strategy I trade would not change if, instead of entering on the 23.6% and the 38.2% retracements as I do now, I placed my limit orders on the 25% and 40% retracements instead. + +I will do further testing. +The current "no altcoin" policy of r/bitcoin is reasonable. In the early days of bitcoin, this prevented the sub from being overrun with "my great new altcoin pump!" + +However, the policy is being abused to censor valid options for _bitcoin_ BTC users to consider. + +A proposed new litmus test for "is it an altcoin?" to be applied within existing moderation policies: + +> If the proposed change is submitted, and accepted by supermajority of mining hashpower, do bitcoin users' existing keys continue to work with existing UTXOs (bitcoins)? + +It is clearly the case that _if and only if_ an economic majority chooses a hard fork, then that post-hard-fork coin _is_ BTC. + +Logically, bitcoin-XT, Bitcoin Unlimited, Bitcoin Classic, and the years-old, absurd 50BTC-forever fork all fit this test. litecoin does not fit this test. + +The future of BTC must be firmly in the hands of user choice and user freedom. Censoring what-BTC-might-become posts are antithetical to the entire bitcoin ethos. + +ETA: Sort order is "controversial", change it if you want to see "best" comments on top. +What is preventing a hacker or government intelligence analyst from stealing or reverse-engineering your source code? A security-focused O/S, data/internet encryption, air-gapped PC, etc.? +Proud owner of 2,164 shares of PLTR at cost basis $26.45. Long term bullish on this stock. Today I sold 21 covered calls with a $38 strike expiring this Friday. Figured that was super safe for ~$130 in premium. Hell if I sold my shares at $38 that’d be a pretty sweet profit. + +Honestly I want to hold this stock for a long time. Think it’s going to $100. How would you maximize your profits yet also minimize your risk of your shares being called away when selling cc’s? What would you do in my situation? +My parents just evicted some dangerous ex tenants (criminals, multiple arrests, drug dealers…etc) and now they are working with a lawyer to serve the notice that they have 18 days to collect their personal property left in the house. The lawyer wants to put my parents contact information but they are concerned that they will be in danger if the tenant wants to meet. + +What are some options they have if the tenant needs access to the property but my parents fear being hurt? + +They are in California and the property manager has terminated their contract on this property. + +Update: thank you for all the helpful comments and advice, we were able to reach back out to their PM and he agreed to be the contact on the notice. +Everybody has their favourite shill coin. The golden one. You've done the research, bought the hype. + +But in reality look at the charts. Most of the coins, and in particular the top 20 coins, are highly synchronised. + +What does this tell me? +Whats the key to making money in 2018? + +Wait for it. + +Simply being in early is the key. +It was the key in 2017 and I expect it to be very much the case for 2018. + +Congratulations your job is pretty much done, you just need to add to your position ASAP. + +Pick a bunch of top 50 or even just 2 or 3 of the top 10 and enjoy the ride. Take a dart and throw it at the top list. I doubt you will lose. + +What's powering this ride. + +All the newbie investors, , those millions who have just opened accounts and dipped their toes in the market but haven't really put much in yet and the 10s to 100s of millions who will be joining the party soon from all over the world. A global mania. + +Is this slightly pyramidal scheme like? I think so. I don't think it will blow up too quickly though. + +Choose coins and platforms with long term use cases to hedge the risk . + +ALMOST everybody here (as long as you go for the BIG BRAND NAMES) can look forward to a good year or two as the FOMO goes mainstream and it gets easier and easier to invest in, use and trade cryotocurrencies . +I am in my early/mid 30s and have been maxing my Roth/IRA contributions via mega backdoor Roth for a few years and so expect to have a large ($1-2M of principal alone) Roth IRA by retirement age which I don't expect to withdraw from during my lifetime. + +A few questions: + +1. If you have a large Roth IRA (that you are unlikely to need till end of life/30+ years) would you invest it any differently from the usual target date funds/lazy portfolios? E.g. leveraged ETFs, high risk/reward alternative asset classes. What would be some obvious and non obvious investment types to make via Roth assuming I am willing to take on as high of a risk as possible (including 20 yrs of illiquidity risk) as long as there is a potential return? Looking for potentially crazy/uncommon ideas here that I can do more research on. +2. Are you aware of specifics how some people have managed to have large Roth balances? E.g. 314 people have balances above $25M - [https://www.biglawinvestor.com/secrets-of-a-100-million-dollar-roth-ira/](https://www.biglawinvestor.com/secrets-of-a-100-million-dollar-roth-ira/) lists some ways (that I can potentially replicate) but curious about more ideas outside of PE/VC as well as specifics. One specific thing that is unclear is that due to self dealing rules with the Roth IRA, you can't get actively involved, so in an somewhat efficient market, why would someone give you a great investment opportunity if you are going to be passive and just contribute capital? +3. What is a good way to find the best tax planning professionals? I will likely go down this route as my standard way of dealing with lawyers/tax folks is to understand 80% by myself and then use a professional, so that I can verify I am working with someone competent + have a high signal conversation with all good options explored + they do the last 20%, hence looking for ideas here as well. +4. What other questions should I be asking? +Ben Felix has just released a [new video](https://www.youtube.com/watch?v=WbBVoe9Lr94), referencing some papers discussing the relation between luxury vehicles and happiness. + +A few of his points: + +* Despite luxury vehicle owners believing they will be happier when driving luxury vehicles, their reported positive emotions after driving luxury vehicles is not different than after driving economy vehicles. +* Ben posits that due to a phenomenon called focalism, "people imagine the luxury aspect of a vehicle when asked about it, but when they're driving a vehicle, they're thinking about getting to their destination on time, avoiding traffic, or keeping the kids calm" +* He points out that spending money on luxury vehicles may have an overall negative net effect on happiness if it means spending less on things that do make us happy, such as spending to save time, spending on active leisure activities, hobbies, shared experiences with other people, and frequent small pleasures. + +I'm a big fan of Ben, but am curious on other takes on this topic, particularly those who own sports cars and are into motorsport. The video and studies referenced appear to focus on luxury vehicles in general rather than sports cars, and point to how often luxury vehicle purchases are driven by conspicuous consumption, without talking about how certain types of luxury vehicles can be a gateway to attaining many of the positive experiences listed in the final dot point above (exactly what I aim to get out of my time spent at car/bike events and at the track with friends). + +So for those who are into sports cars and motorsport: + +* What do you think about the arguments in the video +* How do you view/justify outsized spending on vehicles (particularly the depreciating kind) +* What are your lessons on how you can get the best bang (happiness) for your buck, particularly when thinking about the types of vehicles and finance options to focus on at various stages of your wealth creation/accumulation journey. +Hello world I hope everyone is doing great, especially YOU! +Yesterday I asked you, if you want me to post the new prices on top or the old prices...old prices won with around 600 votes, while the new prices got like 300, BUT I can't just let you guys/girls down so I will post the prices from top/old to down/new AND I will post the current price at the very top. 😊 +I hope that makes everybody happy and we can all start in this most likely very crazy trading day 😁 + +Current price "115 minutes in: 158.89 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 $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 155.60 US-$ + +5 minutes in: 156.73 US-$ + +10 minutes in: 156.73 US-$ + +15 minutes in: 156.73 US-$ + +20 minutes in: 156.73 US-$ + +25 minutes in: 156.73 US-$ + +30 minutes in: 156.73 US-$ + +35 minutes in: 156.73 US-$ + +40 minutes in: 156.73 US-$ + +45 minutes in: 156.73 US-$ + +50 minutes in: 156.73 US-$ + +55 minutes in: 156.73 US-$ 😴 + +60 minutes in: 156.73 US-$ + +65 minutes in: 156.73 US-$ + +70 minutes in: 156.73 US-$ + +75 minutes in: 156.73 US-$ + +80 minutes in: 156.73 US-$ 😴😴😴 + +85 minutes in: 156.73 US-$ + +90 minutes in: 156.73 US-$ This HAS to be a Record now 😂 + +95 minutes in: 156.73 US-$ + +100 minutes in: 156.73 US-$ + +There is some movement ( you can check the link I posted ) but my best selling price still is 156.73 US-$ 😊 + +105 minutes in: 158.89 US-$ 😍 + +110 minutes in: 158.89 US-$ + +115 minutes in: 158.89 US-$ + +The US pre-market is open, let's get ready for the crazy day ahead of us 🇺🇸 +Have a great weekend! 🤗 +Hey all, just wanted to get some feedback from real day traders. My dad spends every waking moment of free time he has staring at his computers trading stocks. He wakes up at 5am and sometimes trades until 1am where he is down several thousand dollars. He does work a job but he uses his phone while he’s at work to monitor the market. He hasn’t made a single cent in the 5+ years where he’s gotten grossly serious about it, yet it is the ONLY thing he does. He took a vacation off of work for one week and has not gone outside the entire time, has just spend every conscious moment on his computers. This is absolutely not normal for career day traders to do, right? Like you guys do go out and do other things and have hobbies, correct? I am just bewildered that this is even possible for humans to sustain. He takes breaks to eat and such, but immediately just goes back to the screens. What resources out there can I look into to maybe help him? + +(I know some parts of this may read like a shitpost, but I swear to god this post is 100% serious.) +For those of you that have or are close to hitting your FI number, how long did the first 50% take vs. the second 50% ? I've seen many people mention how much faster the 2nd 50% was. + +I finally hit 1/3 my FI number. It took me 11 years of saving 25% of my gross salary. This was before I learned about FIRE so I didn't track saving as a percentage of net. I just know that I was going to want to 1) take some time off to travel and 2) retire early. + +Six months ago I changed jobs, got a raise, and moved from a HCOL city to a LCOL am now saving 60% gross and 75% net. I'm hoping to hit 50% of my FI number by the end of next year. That's 12 1/2 years since I started. + +Logically, I know that my savings rate increase and having a large investment balance will significantly affect when I hit FIRE but it feels like this is taking forever. I could really stand to hear a few success stories, especially about how much faster the second half of your accumulation phase was. + + +[Archegos Capital Management was forced to liquidate positions at the end of last week](https://www.cnbc.com/2021/03/27/archegos-capital-forced-position-liquidation-contributes-to-viacom-discovery-plunge.html). The moves by the multibillion dollar U.S. family office, founded by former Tiger Management equity analyst Bill Hwang, caused a wave of selling pressure on Friday, with U.S. media stocks and Chinese internet ADRs taking the brunt. + +[A trader who asked to remain anonymous told CNBC this weekend](https://www.cnbc.com/2021/03/29/heres-what-happened-in-that-wild-trading-in-china-internet-stocks.html) that Credit Suisse — along with [Goldman Sachs](https://www.cnbc.com/quotes/GS), [Morgan Stanley](https://www.cnbc.com/quotes/MS) and [Deutsche Bank](https://www.cnbc.com/quotes/.BBKA) — all forced Archegos to liquidate a number of positions. + +CNBC reached out to Archegos Capital over the weekend, but calls and emails were not returned. +I am not an economist, but come from more of a philosophy background. I am sorry if I am having trouble articulating this. My question takes, first, the illicit substance cocaine as its example. Whether you pay 50 or 150 dollars per gram of cocaine, what, ultimately, determines that price? Is it that we have commonly judged the experience of taking the drug is worth that amount of money? Or are we simply paying for what it costs to produce, etc. as well as profit from it? I see at least these two factors, sort of "wish" and "necessity," entering into the price -- since it has been determined that raising the price of cocaine reduces usage, demonstrating that people have a sense of value for money when they purchase it, and also tend not to overspend. I also think there is an interesting corollary in the sense of it being a quasi-Veblen good at a conventional price point, if I have understood this concept, but then I am sure if it could be made cheaper, it probably would be. + +&#x200B; + +The question is less salient if we take instead, for instance an Xbox. I think most people would say $500 is high for a game console, and $300 affordable. There is more complexity in the supply chain here, meaning that there are more factors determining what would be a "necessary" price, but have we as consumers essentially pulled prices out of thin air (or, what we can reasonably afford with our purchasing power) when it comes to the question of what is good pricing? Probably, there is some relation between our "ideal price" and the de facto price of a product, based on what is usual; I am used to paying $8 or more for lunch, and view that as basically fair, which when deconstructed is quite strange, and when I was younger I thought it was expensive. + +&#x200B; + +I guess that I am looking for a sort of ontology of "market value" which goes beyond "supply and demand" and deals more specifically with individual relations. I think that possibly, the sense of "fairness" in a transaction (not always at hand) extends from a sensed commonality between these real and imaginary factors I have outlined, pointing actually to the currency in question moving "efficiently and correctly" from an altruistic perspective, rather than just marking the so-called correct price. + +&#x200B; + +Is there any work in economics which deals with this kind of question, as much as I have failed to distill from my thoughts this higher distinction which agitates them? +In a perfectly-competitive constant-cost industry, all firms will have normal profits in the long run. This fact is very clear to me as the long run supply curve is perfectly elastic and hence each good produced in the market will have an economic cost equal to the market price and hence each good sold yields a normal profit. Thus, all firms in this industry will have normal profits in the long run. + +This doesn't appear to be the case in a perfectly-competitive increasing-cost industry though. In an increasing-cost industry, the long run supply curve is upward sloping and so only the marginally good will yield a zero profit upon its sale. All others goods sold will generate positive economic profits since the supply curve only equals the market price at a single point. This would mean that some firms in the industry will generate economic profits even in the long run. But every source I've read from seems to indicate that economic profits should be zero for all firms in the long run even in the case of an increasing cost industry. They seem to suggest that as firms enter the market, they push up the price of *all* the firms in the industry. But an upward sloping supply curve in the long run would suggest that some firms in the industry should still have average costs considerably lower than the market price and hence some of them should make economic profits in the long run. I have attached an image with a brief explanation to hopefully help make my issue more understandable. ([https://i.imgur.com/cDyFf2O.jpg](https://i.imgur.com/cDyFf2O.jpg)) + +So I guess my question is simply : do many firms in a perfectly competitive increasing-cost industry incur positive economic profits in the long run? +Hello, + +My friend and I are trying to understand what the large scale consequences of a mass student loan default would be to the economy, exactly who would be adversely impacted, and how it would ripple through our economy. There's a million articles about the effects of student loan debts on individuals and the consequences that defaulting on that debt has to the individual carrying the debt, like affecting your credit score and the inability to get rid of it through bankruptcy...But, we can't find anything that explains what happens if everyone just stopped paying their student debts, I don't mean having them forgiven, or bailed out by the government, just simply stopped paying the creditors. I imagine the creditors can't pay their employees, can't pay dividends to their investors, can't pay their debts and they go out of business...Why would that matter (not politically, Vice already did a piece on that) on a macroeconomic scale. Education is not a tangible asset that can be repossessed, like a home, so there's nothing to take back. +I saw a breakdown of my healthcare costs for the first time a few weeks ago. For my family of 6 (me, spouse, four kids) my employer pays $2400/mo for health insurance. Thankfully, they don’t require me to contribute. I am paid $52k/yr as a department lead. If insurance premiums were half of their current amount, I’d have a substantial pay raise. If insurance premiums were something reasonable, say like… $500/mo, my pay raise would be outstanding. I hear a lot of talk about how CEOs make too much and are widening the wage gap, but it seems to me that high insurance premiums are also choking out middle class wages. +While the title is vague, I mean more specifically Marxian and post-Keynesian economics. What exactly are the criticisms and flaws in these schools of thought that stop them from being accepted in mainstream, academic work? They certainly have their own flourishing journals, but with little dialogue from opposing schools outside of fellow heterodox travelers. Specific books, papers, and economists who are critical of these schools of thought (preferably from a "mainstream" perspective) would be appreciated. Any other critiques of heterodox schools are welcomed, as I seek to understand just why exactly these schools are rejected. (I understand schools of thought isn't really a great way to frame economics, but it is how heterodox perspectives portray the divisions within econ.) + +Marxians might include: Paul Sweezy, Maurice Dobb, Paul A. Baran, John Roemer, Anwar Shaikh, David Laibman, Samuel Bowles, Robin Hahnel, Michael Albert, Duncan K. Foley, Pat Devine, or Michel Aglietta. +Post-Keynesians might include: Paul Davidson, Joan Robinson, Nicholas Kaldor, Luigi Pasinetti, Hyman Minsky, Piero Sraffa, Michal Kalecki, G. L. S. Shackle, Marc Lavoie, or Frederic S. Lee. +Should I stop the check? Is seems kind of skeezy. I have the money set aside in my account so there isn't a risk of it bouncing. Nothing else about the service is unusual and they're an established practice. +Alright friends. I've been thinking a lot about this topic, driven by the common sentiment I see a lot from people my age about the job market for young, uneducated, inexperienced, and often underqualified folks, and I wanted to throw together some thoughts based on my experiences and those of my friends. I really do believe that there is a formula for making great money under these conditions, and it doesn't involve, like, starting a company, working in Multi-Level-Marketing, or blogging for a living. I'm going to use specific examples, citing specific dollar amounts and experiences. + +As a quick disclaimer; in no way do I intend to underplay the difficulty that many people are having with making a living. I know that I've been fortunate, but I see some trends here that might be able to help some people. + +I have many young, uneducated, highly paid working professionals around me, but I'm going to highlight 4 (myself included). Each path has been different, but with some key similarities. Each person is in a different field, and no one has done anything especially groundbreaking (like invent Facebook or something). None of us have a degree, none of us did well in high school (3 have GEDs), and all of us came from poor families. Additionally, no one has any highly rare, marketable skills; or at least we didn't to begin with. We're all between 24-29, and we will all end this year over 120k. + +Step 1. Enter + +If you don't have some fancy education, or some fancy connections, to utilize in order to get a sweet job right out of the gate, you're going to have to start small. A degree (in theory) proves that you have a level of knowledge, so we just have to prove it a different way. Most people are already in this phase; they just don't move on from it efficiently. + +Myself and one of my examples, (we'll call him John), got started using one of the best resources available to unhirable shmucks out there; temp agencies. Temp agencies are much less particular about the qualifications of an applicant than a company's HR department would be, and they very often fill some of the great entry-level positions that a lot of people here read job descriptions for and complain that they're underqualified. It's really a win-win; the company can cut you loose no questions asked if you're a bum, and you get the perfect opportunity to showcase that you're not. You'll find that it's a lot easier to talk about your skillsets in interviews for full-time positions when the company already knows you and likes you. It also earns you the opportunity to network with key individuals in the company who can help you in the future. John and I both temped for IT helpdesks at different companies, starting around $14 an hour, and got offered full time positions (that we were still not at all qualified for on paper) within about 6 months that paid about $20/hour. We were underqualified even for the temp job descriptions, but we were both sure to go to the agency and put on a good face for the recruiter, and they don't mind giving someone a shot. This happened when we were around 18-19. + +There are some jobs that this isn't necessary for, as they'll hire pretty much anyone. These industries (often sales driven), usually have incredibly cut-throat entry level positions, and that's how our other two examples got started (we'll call them Dan and Carl). Dan started selling gym memberships, and Carl worked in a call-center environment for a third-party purchasing company. Both paid minimum wage with some okay incentives for reaching certain goals. Both had very high turnover and were pretty intense. Both of them also got those roles around 18-19. + +Step 2. Emerge + +Pretty much everyone is able to, eventually, get SOME kind of entry level job. But what most people don't do is dominate at it. Here's the reality; if you get a basic, low-level, entry-level position in ANY field doing ANYTHING, and you don't find a way to excel at it and stand out, then you will not get anything better, and you don't deserve to. If you're just another face in your department, then you cannot feasibly expect anyone to give you a boost. + +If you're young and scrappy, hopefully you have a chip on your shoulder that says, "It's time to prove everyone who thinks I'm underqualified wrong", and hopefully you keep that chip for the rest of your career. After temping, networking, and leveraging my success doing that to get a full-time, legit position, I found myself surrounded by educated, "qualified" people who thought I had no right, as a barely 19 year old, to sit among them. This is a VITALLY important time. You have three options here: + +1. Don't perform, and either get fired after a year or two, or waste away there until "layoffs", (which very often just mean cutting fat). +2. Perform pretty well; meet your goals and do your job, but be outshined, maybe assuming others are performing better due to tenure, and wait for promotions to come when all of the more tenured folks have moved on. This is a good way to see 10 years go by with nothing to show for it. +3. Dominate. Make it clear from day one that you're there to work and produce. Making that plain to everyone in the first 90 days is pivotal, and that first impression will last even if you have dips in productivity in the future. + +If you have metrics, you have to find a way to get out front. This probably means working harder and longer than everyone else, and that's fine; it's not forever. If you don't have metrics, MAKE THEM. Every job needs to have measurable goals, and if yours doesn't, present some proposed ones to your boss and knock them out. Winning in these early roles is so important; it really does set the bar for the rest of your endeavors. + +On the IT helpdesk that I worked on, I worked with management to determine which metrics were most visible and most important. With a case backlog, it was case closures. We had all of these techy guys working way too long on highly complex cases (that should have been escalated, or they should have at least asked for help on), which drove down their case closures. So I took it upon myself to become closure king, and within 3 months I had 2-3 times as many case closures as anyone else, and everyone, especially management, noticed. For John, his IT shop was much slower moving, with less focus on metrics. They were big on developing folks for future roles, so they wanted to see an eagerness to learn and grow. He got on the same page with his manager about that and started learning as much as possible, making sure he quantified that in his review meetings. + +For Dan and Carl in sales, this was even easier. The beauty of sales is that the skills are universal. Sales managers don't care what you sold as long as you sold it well. Dan worked for a nationwide gym that published sales leaders every month. In the 3 years he worked there, among thousands of salesmen on the list, he was top 10 every month except for the first one. He also worked close to 80 hour weeks. Carl wasn't so blatantly successful, but he was sure to have clear communication about expectations from his managers and hit the important metrics, which was net margin in his case. So he had sales people around him selling way more in terms of gross revenue, but cutting deals too much, so he focused on keeping his margins solid and management loved him for it. + +Whether you end up staying with that original company or not, you have to knock low-level positions out of the park to be setup for our next step. + +Step 3. Expect + +Okay, so maybe you've already done the first two and are thinking, "So what! Here I am still making scraps!". I have encountered a lot of people like this; they're excelling, well thought of in their company, and stagnant for years. Consider some of these thoughts. + +The power of excelling at your early roles is that it puts you in the driver's seat. As soon as you've made it clear that you're a contributor, your management is on their heels to keep you, and this is exactly where you want to be. There are three primary things that you want to get out of managers, and that you'll only get if you're crushing it in your role: + + 1. Promotions + +This is the most important one. Push for promotions and/or title changes QUICK. If you're leading on your team, why shouldn't you be a lead? Don't you dare listen to the garbage advice that you shouldn't take on more responsibility unless you get more pay; that's crap. Early in our careers, the title is more important. Companies see that you were promoted a couple times quick, and it's a great thing to have on a resume or in an interview. + + 2. Paper + +Promotions are more important, but money is also important. Ask for a raise! Don't listen when they say that they don't give raises for whatever reason, it's crap. They'll pay you if they want you badly enough, and if they don't, they should at least give you: + + 3. Plugs + +Recommendations. Ask them to write them on LinkedIn. Make suggestions for what they should put regarding your contributions. Draft one for them and ask them to sign it. + +This part of the game is so important. For me, I got 2 promotions from that original job; the second one into a supervisory role. I got a 10% raise per promotion. Now, at first, I was thrilled with those. However, when I peeked out on the market, I realized that while I was making under 50k, I was way underpaid as a tech lead, and if they had to backfill my role, they'd have to pay someone in the mid 60's. So I mentioned that, and asked for a raise to the mid 60's. They offered me another 10% raise (to get me to about 53k), and I let them know I'd have to look elsewhere, which I began doing. + +What I ended up doing was going, with my few years of experience now (I was 23 at this point), back to temp agencies and looking for higher paying gigs to sort of start the process over. Without a degree and still with only a few years on the market, I knew I wasn't going to get directly hired for what I believed I was worth based on the work I was doing. I brought that same chip on my shoulder, and again having to make a good showing to the recruiters to gain some favor, and leveraged my experience to get a much more complex temp job for a major tech player that I was still way underqualified for at around $70k. I applied the same principles in that role, made friends, smashed metrics, and got a full time offer from that major tech player at $100,500, which after a large bonus and profit sharing, ends up around $125k. I'm 25. + +Dan brought his 3 years of proof of dominating in gym membership sales to the sales job of his choice; he sells windows, roofs and gutters, usually runs 1-2 90 minute appointments per day, and rakes about 150k. He golfs a lot. He's 27. + +Carl, upon not getting the appreciation for his contributions that he felt owed, made a few hops through other technical sales roles, always excelling and gaining a wealth of industry knowledge that he then leveraged to get a job selling telecom services to a high-dollar provider for enterprise customers. He'll do about $140k this year, and far more in the future, and is 26. + +John works for one of the rare companies that does give legitimate raises with promotions. He's 29 and has been with his company for 11 years. If you're in a company like this, AWESOME. But they are exceptionally rare. He moved into more technical operations roles, and eventually onto their data analytics team, and makes about $120k, and also has a freakin pension, which is sweet. + + +There are far more examples around me, which I think is a contributing factor as well; stop hanging out with bums if you don't want to be a bum anymore. Surround yourself with people who will ask you what you're doing to advance in your career and push you to make what you should make. All four of us are also in school now, being paid for by our employers, which is cool. + +In closing, I'm about 99% positive that those who would have the ambition to actually apply some of these things based on reading this probably already have, and so no one who finds these principles to be illuminating will likely do anything about it. Prove me wrong. + +Cheers. + +Edit: Lots of great discussion, I'm having a blast reading your stories and responding to DMs. There are some resources far better than myself who have commented, so be sure to pick their brains! + +One quick thing. If these incomes sound outlandish to you, all I would say is that you might consider seeking out young professionals in your area and making new friends. Is it average? No. But there are lots of young people out there doing far better than us. Find people who have gotten where you want to be. + +Edit 2: It might take a day or so, but I'll get to your DMs, I promise! +What do you think about $ATVI ? Price plunged due to some issue with their CEO (out of intrinsic value of the company). Seems really interesting now and will come back previous level once everything is solved. However, I don't like the fact that Activision depends mostly on one single game to make their business : Call of Duty. Any thoughts ? +I am truly interested to see why apes haven't done it. I know some can't and others have to cover fees, but I hope a single thread may be able to clear up some issues and assuage some fears. + +So the thing says I need more words. + +Be kind to one another. Be kind to yourself. Remember to use sunscreen. Lambos are cool, but fixing the world is cooler. +I'm a 32-year-old lawyer with about $250,000 in savings. No significant other or dependents. I currently make \~$160k and have paid off all debt except for a $1700/mo mortgage payment. I've been a litigator for 6 years and hate pretty much everything about the job except for those few hours I get to spend researching and writing briefs. The marketing aspect, court appearances, settlement discussions, constant petty fighting counsel, the 3am Saturday emails, the crazy clients, the mind-numbing contracts and procedural rules... pretty much every other aspect of my job? I really truly hate. To the point where anxiety keeps me up at night, I dread answering my phone, and I daydream about becoming a hermit in Tibet. + +&#x200B; + +What I really want to do is teach or be a librarian in a smaller town somewhere (I had substitute teaching and library experience back in the day and loved both), but the pay is just holding me back. My thought is this... if I really up my saving and stick it out in my job for another 1 or 2 years and then maybe another 2 or 3 years in-house (most of the recruiters calling me have been pushing positions that would pay in the low 100k range) until I just can't stand it any more... am I a total idiot if I leave and take a job that pays a fraction of what I make now? Would retiring early still be feasible? The thought of 10 more years as a lawyer is just so brutal. +EDIT: based on all your responses I have created a new post that tackles this question from a different angle: https://www.reddit.com/r/financialindependence/comments/8ac4ry/choosing_your_personal_withdrawal_rate/ + + +I know - this is unorthodox but hear me out. And obviously the below depends on what you want out of FIRE - I understand a 3-4% withdrawal rate may be the right option for some of you. + +When reading through the posts and comments, I’ve noticed a trend on this subreddit to lower the SWR from 4% to somewhere in the 3 range. People give many reasons for this: I want to be extra safe, the market may not have as good of returns as it did in the past, I have a longer than 30 year time horizon, etc. + + +This is not surprising - most people on this subreddit are risk-adverse by nature and 3% feels a lot less risky than 4%, so why not? I think (for most people) this is a big mistake. + +I will get into the details below, but largely there are two reasons - 1) A lower SWR has a large opportunity cost while only protecting against a potential risk. 2) The SWR rate, as typically discussed, is rigid and naive. + + +1) A lower SWR has a large opportunity cost while only protecting against a potential risk. + +Why do you want to FIRE? While there are millions of reasons, most are some form of - I would live my life differently, if I didn’t have to worry about earning money. This may mean stop working, working somewhere else, volunteering, traveling, etc. The point is, every year you are not FIRE you are not living that life (yes, yes, you should be living the life you want even when you’re not FIRE - I think the point still stands). + +It seems that when picking a SWR, most people don’t fully appreciate the opportunity cost of lowering it 1-2%. Let’s take an example of a 45 year old with a current net worth of $725,000, who wants to spend ~40,000 a year in retirement (and let’s say they have an income of 70k post tax). If they use a 5.5% withdrawal rate - they could retire today. If they want to do a 4% withdrawal rate, they will need to work another 4 years. If they want a 3% withdrawal rate, they will need to work another 8 years. + +This is a MASSIVE cost. If this person lives until 90, they are giving up 9%/18% of their FIRE time. Additionally, they are giving up the BEST FIRE time while they are still young enough to do what they want to do. This person incurs this cost 100% of the time. + +I hope I have convinced you that if you are thinking of lowering your SWR rate (or not raising it), you should first internalize the massive cost it has. + +So now you are probably thinking - sure it has a big cost, but it also has a huge benefit - lowering your chance of going broke in retirement! + +That brings me to my second point: 2) The SWR rate, as typically discussed, is rigid and naive. + +There are 4 reasons to not worry greatly about a too-high withdrawal rate: +A) A failure only happens some percentage of time, and when it does, you can tell within a few years +B) In bad cases, you can always adjust your withdrawal rate +C) Many people’s income in retirement will not go to 0 - but instead just decreases substantially +D) In really bad cases, you can always go back to work + +A) The first thing to realize about lowering your SWR is that it is only beneficial some % of the time. According to FIREcalc, a 5.5% SWR will succeed 62% of the time, a 4% SWR will succeed 95% of the time, and a 3% withdrawal rate will succeed 100% of the time. This means that 62% of the time - working 4-8 extra years will not have benefitted you! Additionally, it is not like you will wake up when you are 85 to learn if you are in the 62% or the 38% - other research has shown that the returns of the first few years are massively predictive of success vs. failure. This means that if you do get unlucky, you will know quickly and be able to do something about it. + +B) As typically discussed, the SWR says - a person will take out $X regardless of what happens year after year until they die - which is obviously ridiculous. Research has shown that lowering your withdrawal rate if your portfolio drops substantially increases your chances at success. So if you are willing to be flexible in your spending (which I think most here are), then you’ve just reduced your risk quite a bit. + +C) This only applies to some of you - but I know that most people’s post FIRE plans do not involve their income being 0 forever. Some people want to work at a lower paying job, some people want to work part time, some people enjoy their side hustle, etc. If you want (or wouldn’t mind) doing something that makes even a little money post FIRE - once again, your chances at success just increased drastically. + +D) Let’s say everything goes terribly - the market crashes, you can’t lower your spending, etc. You can always go back to work for a few years. Remember, THIS IS WHAT YOU WERE GOING TO DO ANYWAY! You were already going to keep working for 5 or more years to get your SWR lower - in this way of thinking about things, you only have to IF things go terribly. If things go well, you just saved yourself years of not FIREing. + + +I want to emphasize that I understand that this doesn’t work for everyone for various reasons - maybe your biggest goal in FIRE is security or maybe your 100% never want to work again. Maybe you are already leanFIRE and couldn’t lower your spending if you needed to. + +The point of this post is to try to get people to think of choosing their SWR as a cost/benefit analysis. For me (and I think many others), the costs of not FIREing for years are quite high and the benefits of a lower SWR are pretty low. + +Thoughts? Did I miss something? I want to know what you all think. + +EDIT: Thank you all for your responses! 2 points have been raised frequently that I would like to respond to: +1) You can’t simply go back to work - after being out of the job market for a long time, trying to find a good job will be very difficult (especially because it will probably be a recession). + +That is a great point, and the extent of how true it is will depend on many factors like your line of work, your current income, etc. I do have 2 counterpoints though: A) People seem to be focusing on this and forgetting that it is the worst case scenario. This is only relevant if the market does terribly, you can’t lower your spending enough to compensate, and you have $0 in retirement income. The chances of all three of these being true strike me as quite unlikely (though it obviously depends on your situation). I’m thinking probably <10% for most people. B) You don’t need your old job or your old income - in fact, you probably need very little income and can do things like part-time work. Let’s take our example of the person spending 40k in retirement which is a 5.5% WR. If this person lowers their spending by 5k and then gets a part-time job earning only 10k a year - suddenly they are withdrawing only 25k which will help them manage until the market recovers. + +If that sounds terrible to you then maybe a 3-4% withdrawal rate is right for you! My point is that people should consider that those are options when they face the decision of whether or not to work 5 more years. + +2) P/E values are high, what if your spending goes up in retirement, what if you face a large medical expense, etc. + +Again, this is a good point and because of it, I probably shouldn’t be recommending specific WRs. Many of you can certainly do a better job than I can discussing the safety of specific WRs. My point in general is that when people consider different WRs, most don’t fully take into account different options they will have and the costs/benefits associated with them. So if you think that a 2% WR will have a 96% success rate instead of a 4% WR - they I hope this post makes you consider the option of going with a 3% WR. +This is part 2.3 continuing from [part 2.2](https://www.reddit.com/r/Superstonk/comments/qx8zby/the_algorithm_the_ouroboros_part_22_exposing_hf/). + +# Mirror Mirror on the Wall... Street + +Starting with the first data point to mirror shit that would happen a fuck ton later. Dec 18, 2002 and June 4, 2019 both had similar OHLC as well as having a significant drop in share price. + +[2002 and 2019 Dates Exhibiting Similar Characteristics](https://preview.redd.it/l4h02cjc6h081.png?width=909&format=png&auto=webp&s=01d15100a5155b94ca79c43b2da95eccbabaef5d) + +We know who's on bottom so let's identify the top. And look at that, April 17, 2008 and November 14, 2018 were both peaks AND had similar values. + +[2008 and 2013 Dates Exhibiting Similar Characteristics](https://preview.redd.it/6ex95pwe7h081.png?width=895&format=png&auto=webp&s=1e7d908eede5ac4306775d98a96312b8c57e4855) + +From those (2) peaks also had the same rate of change to the cliché, stick-man, angry-mouth trend we see in the middle. + +[Rates of change to and from the angry mouth are the same](https://preview.redd.it/2rzgbqf66h081.png?width=1022&format=png&auto=webp&s=d457dc15a88090848f59f4d3aaf6e2fece1cc03b) + +# I don't know what to do with my hands. What do I do with all this data? + +Each time frame have similar lows and highs with similar behaviors. Also, we have (2) points each and that's all we need to make some lines. Using these dates are creating a line to find the intersect, we begin to see how a transitional period occurs around the beginning of 2011 and possibly specifically January 18, 2011. Prior to 2011, the share price had a damping oscillating behavior. + +Once 2011 hit, there was no room to continue this oscillation, so a transitional period was forced to begin. As a result, the share price was no longer a very “well-defined” swing in shape. + +[Intersection of trend lines highlighting a transitional period](https://preview.redd.it/l9p8eqq49h081.png?width=975&format=png&auto=webp&s=bae1f9561767afb4f6a3a341345aef990e409c79) + +# Currently Tin Foiling Helmets + +HFT trading entered the scene in 2002 but it was a shit algorithm so a crash happened in May 6, 2010. They were redesigned made to the original programming with hopes to prevent a similar event from happening again. Given how days from yore are still displaying the same behavior, not much else was changed. So while they may have added a greater downwards trend to the new shit introduced in like 2011, they didn't change shit else and definitely did not predict people buying and holding. + +This brings you up to speed where I currently am now with my math shit!! + +# 2021: MOASS Era + +When a super complex script is made that is also of great importance, you do not go out and create your own. Nah. You use what's already there and make edits to optimize. As such, I under the belief that the current values are direct reflections of those in the past. I am still in the middle of definitively proving this as thoroughly as I like to so not all of this shit may be accurate. I wanted to provide why analyzing this data is important despite how it all occurred in the past. + +# Data Planarization + +Data planarization is when you take data and you transform it to fit a new plane. This is helpful when you can to better compare different types of data by making them more similar to one another. So while 2021 data is so nice and pretty and flat so there isn't congestion of data creating noise and such clean sideways trading as seen below + +[2021 Close and Volume vs Date](https://preview.redd.it/94fup03vch081.png?width=1269&format=png&auto=webp&s=d01987c8cccf497264069a97b074f49d7543de1b) + +The years prior to that looked like this shit where it isn't as sunshine and rainbows to easily identify what is going on and when: + +[Pre 2020 Closing Share Price versus Date](https://preview.redd.it/dv2nv1obdh081.png?width=1264&format=png&auto=webp&s=3af5fad3957c0d8e65dc86eda3a7f4f864d73d34) + +To planarize data, you have to identify (2) points to create you x-axis and then use one of those as an origin. In the example below, I have placed green lines at various peaks and then have a vertical yellow line showing where their corresponding values would appear on the red line once planar. The purple lines are the width of the planar peak to peak width. Since an angle has been introduced, the purple line is going to be shorter than the original green line. + +This image also shows how choosing different (2) starting points to creating a new axes can affect the resulting purple width. This also gives rise to a lot of potential trouble because if you don't initially choose good starting points, the planar data is going to be even worse. + +[Data Planarization](https://preview.redd.it/mymeu006fh081.png?width=1101&format=png&auto=webp&s=f2b5eccbd264318331da721040a3e33c1224d2b9) + +# The Methodology in Live Action + +Here is a prime example of how choosing different starting points affect the same original data. On top is the original closing data from years past. The middle and bottom are planarized closing data with different locations for the starting points. + +Since the middle and bottom data has been planarized using the top and bottom of the swings, their corresponding values on the y-axis are different and especially different than the original close data. + +[Historical Close Share Price Planarized](https://preview.redd.it/91qo5vfbgh081.png?width=1050&format=png&auto=webp&s=3c849cbcd58a3d237c804dcf69e38a9fe3224a7d) + +I chose these locations to specifically use as an initial attempt to create boundary lines to better characterize the dampening share price data. + +[Pre 2021 Share Price with Initial Boundaries](https://preview.redd.it/mfsampl9hh081.png?width=894&format=png&auto=webp&s=1884af2c14fe34b6a4f257b2b29065ee0af97826) + +I don't want to give away all my secrets because I like to leave the audience craving more. *Also, I'm still going through this myself and I don't like providing data unless I'm 100% certain it's been thoroughly done.* + +Those new lines are all values discovered while doing the planarization study. Further points out the similarities amongst all the dates. + +[Historical Data versus Dates using identified significant values](https://preview.redd.it/h9n01n8kih081.png?width=2585&format=png&auto=webp&s=8994b235f2553c0ccefd51b55e3a42c003f32a0e) + +Similar to planarizing tilted data to make it flat, you can reverse uno card it to tilt planar data. After isolating significant dates from ALL THE YEARS to use as my new x-axis, it's providing me these type of new limits / boundaries for the 2021 dates. It's still very much a work in progress but I wanted to provide solid reasons as to why analyzing past data is important. + +[All the potential initial limits](https://preview.redd.it/53k9r2l7ih081.png?width=1081&format=png&auto=webp&s=d83a309372466d9cb4a93af1bae74c0e89c8e022) + +Similar idea but with different significant past dates used for analysis. + +[All the colors of the rainbow](https://preview.redd.it/v65eind6jh081.png?width=1106&format=png&auto=webp&s=225d74ef35a21be5c59e2628b7b20ca3387161fa) + +TLDR: + +* HF started to fuck with GME in late 2002. +* The share price and dates of when they occurred seem to be happening exactly the same to the dot +* All the values are controlled and / or constrained. +* The same HFT algorithm used in 2002 is being used today. +* 2021 data may have been already set in stone from previous data +* Keep you hands diamond. Your balls titanium. And your butthole clenched. +* Hold the line. I'll see you on the moon apestronaut. +* Yolo + +[GME Share Price Sauce](https://finance.yahoo.com/quote/GME/history?p=GME) + +[tweet](https://twitter.com/pwnwtfbbq/status/1461565804554514437?s=20) +As the Hong Kong markets open for Thursday, we expect to see an influx of Evergrande related news. Unfortunately, we cannot have one topic completely dominate discussion on this sub. + +&#x200B; + +Please post all Evergrande news here. New threads on the topic created after this megathread will be deleted. +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 expected when merging The Merge, the price of ETH has dropped, everyone thinks how much ETH will return. I'm planning to buy ETH and RBIF at $1000 what do you guys think?*��* + +&#x200B; +Hello world 👋 +Well....now I'm sick, lying in bed 🙄 +I'll try to update you, my head is killing me though 😅 + +Current price "45 minutes in: 159.41 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting:                  159.47 US-$ + +5 minutes in: 159.47 US-$ + +10 minutes in: 159.59 US-$ + +15 minutes in: 159.65 US-$ + +20 minutes in: 159.65 US-$ + +45 minutes in: 159.41 US-$ +**DISCLAIMER: None of this is financial advice. This is just my personal reasoning why I am holding and why I believe in this company so much. Always do your own research. No one here is organized. We are just individual investors who love the stock and are not cats.** + +I've been debating this for the past 2 months whether I feel like I am ready to mention any of this but I know he would want me to because I know this will help me cope with it a lot better. Well here I go. + +&#x200B; + +***BACKSTORY ABOUT HOW I GOT INTO THE MARKET THANKS TO HIM*** + +I met this goof when he was barely finishing elementary school and I was just about to start High School. I moved to the same city as him and the park in our neighborhood was having its grand opening. That's where I met him on the basketball field. He was far more mature than I would've imagined and his parents even told me how at a young ass age he was trying to get them to invest in bitcoin and stocks. He was a lot smarter than people thought and was a major hustler trying to make money or help his parents. From a young age to nearly an adult. + +We had a lot of ideas about wanting to get rich and wanted to make money through different ways. Whether it be trying to be a ROBLOX game developer or trying to DoorDash and yeet the earnings into the market to try to increase it. And what got me into the stock market was ROBLOX wanting to IPO and I didn't know how to invest or where to properly start, so I asked him because I know him and his dad talk about stocks a lot. He recommended me to Robinhood because it was a good place to learn and begin with. From there I discovered dogecoin and many other wonders of the market and currency world. And I was obsessed with dogecoin and me and my best friend invested into it back when it was around like .004 of a cent. Overtime, I slowly delved more into the market with him (now at the ages of 22 and 17) and eventually we came across GameStop and WSB. + +&#x200B; + +***WALLSTREETBETS AND GAMESTOP*** + +Now here's two young idiots discovering WallStreetBets and fueling our hustling and "big dream" tendencies. And GameStop was the perfect storm for us to ride into the promise land. Dreaming about walking away with thousands of tendies should it hit 1k a share or higher. We were talking about different price targets and how many tendies we'd have should we walk away. Him and his 1 single share and mine with my plentiful yolo'd from DoorDash. We had big plans for ourselves and I could feel it whole heartedly. I know we were destined for something. Anyways, we stayed up late at nights talking about "short interest" and "DDs" and "hedge funds" in text messages and the past 1-2 months of texts leading up to his passing was nothing but GameStop, DD's, and profits. It was amazing to be able to discuss about stuff like this with him while we were both so young. + +&#x200B; + +***ROBINHOOD STOPPING BUYING*** + +This motherfucker instead of telling his dad to sell his share for him (since he was 17), instead convinced his dad in these exact words "don't worry dad, it's dropping now but it will go back up to the moon". I found out about this from his dad after he passed away. And it gives me goosebumps every fucking time I think about it now. Me and my best friend talked about how fucked the Robinhood situation was and shortly after I opened accounts with Webull, Fidelity, and TDA (later down the road right before the February run up I decided to main with Fidelity). And at the time, my best friend asked me if I am securing profits. I told him I did. I secured a lot of money after they restricted buying because at the time we were young idiots who didn't know a ton about the market and even we knew restricting buying was absolutely fucked and the price was inevitably tanking. So I walked away with profits. And here comes his last and final text message to me. + +&#x200B; + +***LOSING MY BEST FRIEND*** + +February 4th was his last message to me. He was congratulating me on my gains and was proud of me. + +https://preview.redd.it/ok7kjoeiqls61.png?width=750&format=png&auto=webp&s=19f74773bd7aad6f7d5b57860aadef76d64dc94d + +But little did I know he would pass away not long after that. February 6th I got a call around noon from his mom. I rarely ever get calls from his mom as I frequently visit them so anything she had to say she would say it in-person. But what she said next forever changed me. He passed away in his sleep the night before (toxicology report yet to be released but I heard from his friends it was from OD). Part of me just didn't know what to say. The mom hung up saying she had to deal with the police. I called my girlfriend (who I was facetiming right before his mom called me) and told her I gotta go, my best friend passed away. And I freaked out but I tried to stay calm to drive over and see for myself. And low and behold I saw tons of police cars outside his house. My heart sank. I still don't want to believe it. + +That was until I saw him. On a stretcher. His parents weeping for him and giving him kisses. His family and relatives surrounding him. And I am standing in the back trying to process all of this infront of my eyes. What do I do now? He was one of my support systems and we always had each other's back. He was basically my sibling at this point. I saw him as a little brother. And he was like an older brother to my actual sibling. But now he's gone...how am I supposed to process that? It wasn't even a few days ago he was congratulating me on my gains. Man what the fuck? + +The past year or two felt like shit was getting worse for me. With the biggest thing being my mom having breast cancer. And I told my best friend "what could possibly be worse than cancer" and we both looked at each other and said "death". That was only a few months before he passed away. Little did I know I would experience it... + +&#x200B; + +***WELL...WHAT NOW?*** + +I was lost. I was beaten severely by life over and over. But all I could do was keep fighting and staying strong. I witnessed and experienced so much shit but nothing prepared me for losing a part of me like this in such a devastating way. But when I was giving my speech at his funeral, one part of me I mentioned how if he was still here, what would he want us to do as people when we lose someone? It's okay to cry. It's okay to feel sad. Because that's natural. But he would want us to keep moving forward because that's the type of person he was. Always trying to be a step ahead of everything. He would absolutely not let any of us sit around and do nothing after he passed. He wasn't the type to sit still when he could be "making moves" as he'd call it. + +&#x200B; + +***GAMESTOP: THE SEQUEL IS BETTER*** + +So...I tried to get my shit together. For a while I tried to do swing trading in the market since at the time I thought GME was still falling. Made some decent profits. Then took some L's here and there. And one day I saw GameStop rising up from $44 to $54. And I was thinking in my head what my best friend said to his dad "don't worry dad, it may be dipping now, but it will go back up to the moon" and I hit the fuck it button and yolo'd everything into GME. And not even a few minutes later it shoots up to $150+ and I was like "Nick you son of a bitch". I'd like to think he urged/pushed me somehow to buy because he saw this coming now that he's watching over me and his family. And now I have fueled my recent love of the GME craze by joining subreddits dedicated to just GME like r/GME and started looking at r/wallstreetbets more. I spent most of my time reading stuff in r/GME for the sequel and I learned that shit was way more fucked up than I thought and this is where I truly formed my diamond hands as I nearly tripled my position of what I initially invested back in January. + +All the DD's, the community, and everything revolving around GME developed what I call "Eternal Diamond Hands". And I will explain what that means with a simple photo. + +[That is the cross some of Nick's friends planted on a hill to \\"watch over his city\\". A little bit of his ashes were spread there as well. The rest were spread in San Francisco's bay next to the Golden Gate \(one of his favorite spots\). ](https://preview.redd.it/1jyfbhffpls61.jpg?width=1536&format=pjpg&auto=webp&s=4a67cb9e5ebc96973ea32f5c0ad5a25ce6f0637e) + +To hold while we're still alive is easy as long as you have your traditional diamond hands and read DD's. But to hold shares in death...that requires something truly special. + +*ETERNAL. DIAMOND. HANDS.* + +If those in the afterlife can hold and will hold their shares until it moons (held by their family/parents) then we fucking can as **individual retail investors who are not organized and just love the stock**. + +To all the apes who have lost someone close to them recently, I feel your pain. It is the worst thing you can ever experience. You fall into a state of depression. You're constantly sinking into this bottomless pit of memories, wanting to see them once more just to tell them you love them and miss them. I get that, it's horrible to go through. + +BUT IT DOES GET BETTER. PLEASE BELIEVE ME. IT WILL GET BETTER. YOUR LOVED ONE WOULD WANT YOU TO KEEP FIGHTING DAMNIT. THEY WOULD NOT WANT YOU TO FALL INTO A BOTTOMLESS PIT OF SORROW AND REGRET. THEY WANT YOU TO SOAR LIKE A FUCKING APE WITH WINGS AND LIVE THEIR LIFE FOR THEM. + +And when you're thinking about them, ask yourself "if he/she was here, what would they tell me to do right now? What would they want me to do?". + +And to all the parents that also lost their baby ape recently. My heart absolutely breaks for you. And I am deeply sorry for your loss. But as you were their guardian angel, it's now their turn to be your guardian angel. They will protect you and love you. You have a little angel guiding you now. + +&#x200B; + +***MY FINAL MESSAGE*** + +With all of the above being said, it's a lot to unpack, especially for myself. But one thing's for certain and has not changed. IN LIFE, AND IN DEATH. WE. WILL. HOLD. + +The power of ETERNAL DIAMOND HANDS. FORGED IN VALHALLA. BLESSED BY DEEPFUCKINGVALUE. + +This is who retail is. Two kids with a dream. Two idiots who just wanted to make money whether it be making videogames on ROBLOX or doordashing. We as individual retail investors are NOT evil. We are NOT out for blood. There is no malicious intent. We're simply playing the same fucking game you absolute idiot shitbags writing all those FUD articles. How are you gonna shit talk the same people beating you at your own game? Fucking morons. YOU MADE THE DAMN THING YOUR BITCH. NOW TAKE AND HANDLE THIS L. + +That's retail. Kids with a dream. Apes who want more bananas. Idiots who like videogames and eat L's for breakfast, lunch, and dinner. In life, and in death. + +With love, + +&#x200B; + +TheCelvestian + +&#x200B; + +Fist bump from the afterlife. + +https://preview.redd.it/3hp9gyifuls61.jpg?width=1536&format=pjpg&auto=webp&s=4bc12e3687295919e2757817a8ba0892e6baffc9 + +**EDIT:** I love you all. So many comments to look through and so many positive messages. You guys are fucking amazing. And to the people who are also experiencing a loss of a loved one, I feel for you so much. Just know that IT WILL GET BETTER. I love you for being here and being so strong to be able to even mention it. It took me so much time before I can finally post this. We will all heal overtime. And I know this community will be here for each other. <3 + +**EDIT 2:** I forgot to mention this but after the squeeze I wanted to come back to the cross and dig up a hole near it and plant a dollar bill that says "to the moon" on it. I'll consider posting that update in the future. I want to treat it like a message to Nick to let him know that I achieved one of his dreams for him and me. +https://www.cnbc.com/2019/12/23/boeing-stock-halted-pending-news-company-battles-fallout-737-max-crisis.html + +Boeing on Monday replaced CEO Dennis Muilenburg. + +Chairman David Calhoun will become the manufacturer’s new CEO in January. + +Lawrence Kellner tapped as chairman. + +The company has been struggling to regain the trust of regulators, customers and the public after two fatal crashes of its best-selling plane, the 737 Max. + +BA is up 3%! +# Hello, fellow apes! 🦍 + +First of all, this is not financial advice. Do not take anything I say here as the absolute truth. Make your own due diligence and take your own conclusions. + +I stopped going into Reddit and watching the ticker a few days ago because my bias was already 100% confirmed, but yesterday I started to receive comments and awards in my old post: [Proxy Voting DD,](https://www.reddit.com/r/Superstonk/comments/mxwfyt/proxy_voting_dd_how_the_count_works_and_timeline/) and it caught my attention. + +# I think I predicted why GameStop is being so public about the MOASS right now, and I want to show you why. + +[GameStop literally and directly addressing the MOASS in their Twitter account](https://preview.redd.it/vg6qy8vhcqy61.png?width=590&format=png&auto=webp&s=b058d58fecaf30fbee90eee219bfddfb12dde486) + +GameStop voting tabulator for the 2021 Shareholder Meeting is **Computershare** *(*[*Proxy document*](https://sec.report/Document/0001193125-21-126940/#toc122967_28)*, page 12)*, a company that specializes in multiple things relevant to the stock market (proxy voting, direct purchases of shares, and more). Knowing this, I found two things: + +# A) How GameStop may have already received their first voting reports + +**Georgeson** is a "sub-company" of Computershare, and it seems they function like the Computershare division for proxy voting. + +On Georgeson's site, there is an ["Annual Meeting Calculator"](https://www.georgeson.com/us/annual-meeting-calculator) so that companies can see the timeline of relevant events before the shareholder meeting's desired date. + +If we put the GameStop meeting date, we can see what are the expected and estimated dates for certain events: + +[If you want to have your meeting on June 9, you should file the proxy statement with the SEC on May 5](https://preview.redd.it/5tq8lf7deqy61.png?width=1187&format=png&auto=webp&s=690936e1360fa72daf90b5868d17b590d1ca629f) + +We know GameStop filled their proxy statement with the SEC way earlier than that (4/22, thank you RC!) so the entire timeline of events should be shifted. + +Take a look at what is expected on May 24 + +https://preview.redd.it/js5mwlj0fqy61.png?width=675&format=png&auto=webp&s=2c2b54186270019686b749c895d22a7a6edf86ee + +If my maths are correct, May 24 is around 13 business days after May 5 (SEC filling date) so we can use that to calculate the actual date. + +**I estimate that GameStop should have received their first voting reports around 5/11 (yesterday).** + +This makes complete sense, they would not address the MOASS if they didn't know the vote count. **We are in the endgame now.** + +# B) What will happen to retail votes when there is an over-vote? + +As you may already know, when the vote count exceeds the total amount of shares, the votes are just "retouched" so that the vote count is less than the total amount of shares. + +**This changes nothing for us:** the spark that could ignite the MOASS is not the election in itself, but rather the real vote count. Just the mere fact that they disclose the real vote count will be enough for everyone to see how fucked the shorts are and everyone will jump on the bandwagon. + +Even though it doesn't matter for the MOASS, I wanted to know more about how the votes are "retouched", to see how unfair it may be. + +I found a document titled ["Over-Voting And The Options"](https://www.computershare.com/ca/en/Documents/CPU_OVER_VOTING_OPTION_en.pdf), by Computershare that shows us exactly that. There are basically 6 strategies that Computershare provides to "retouch" the votes, **at least in normal scenarios** (this may not apply to GME). + +I think the less-harmful option would be Option 3, and I hope is the one that GameStop uses if it's forced to choose one: + +[ELIA: All shareholders that voted will be considered, but the \\"weight\\" of their vote will be reduced so that the total count does not exceed the total amount of shares.](https://preview.redd.it/lj6y7blpjqy61.png?width=785&format=png&auto=webp&s=7c4c5ae2785395c6f3ec11623d09490ae21566c1) + +That's all I have for today. + +# BUY, HOLD, VOTE. + +^(NOTE: I repeated some parts of my previous DD just for the sake of visibility) +GPUs are designed by companies, the two biggest being AMD and Nvidia, which then, for the most part, don't actually manufacture them. Instead, other companies license the design and produce their own version, often with small tweaks. To my knowledge, no other industries work this way. Is this a gap in my knowledge, or is it truly unique? If it is unique, why is it that way? +Hello everyone. If I want to become a theorist in Microeconomy, mostly in Game Theory field, what part of Mathematics should I learn in detail? Like, for example, I should study more of Linear Algebra or Real Analysis or Discrete Mathematics etc. What would you suggest me? +I understand that this sub tries to uphold *only* expert answers, but I believe this is de-incentivizing any kind of thoughtful in depth discussion to the point that I don’t think I even want to be here anymore. + +Every post come across from this subreddit in my feed has an interesting question in which I check to see the comments and... only see the automoderator message heavily downvoted and NO comments approved. And don’t even get me started on replies being approved! Discussion is just too limited here. +Hello, I was wondering what people’s perspectives on flying business class are. Try as I might, I literally cannot justify it at any level of income outside of obscene amounts. We have flown business a couple of times for personal, because my wife is Mega Elite Platinum or whatever due to work travel, so we get automatic upgrades or she uses points. + +Buy paying $16k total for 2 business class tickets seems absurd (2x$8k). It is literally a 12-14 hour flight at most. For that amount, I can stay 2 weeks at an amazing hotel with most things included. How is that even close to an acceptable trade-off? + +The other way I look at it is if someone came to me and said – hey we will give you $10k cash if you sit in this reasonably comfortable chair for 12 hours. You can get up, eat, watch iPad, read, sleep, do work whatever. You just have to do it in the confines of this chair and the bathroom, I will absolutely do it. + +Am I being a cheapskate, or is my thought process reasonable? We usually travel economy for all domestic flights and a combination of economy/economy plus on long hauls. I am 6-1 and I have never felt uncomfortable or cramped on regular economy. Obviously, sleeping sucks. + +I just think that the quickest way to slip out of FatFIRE (or never get there) is to let pointless things like these slip in +How much does it cost monthly/yearly to employee a personal chauffeur or butler? +- Do you justify this expense, because you are more productive not having to drive daily? +- Andddd what car do you get driven around in? +Background - + +Been a private tenant for almost 10 years. + +Decent LL who we get alone well with, he is almost paid up on the property and contacted to see if I was interested in buying it. + +Have been saving now to buy and should have 25 to 30k saved within 20 months from now. Was looking at houses around 175k, whereas my rental property would be valued around 120k. + +We have always loved our rental and have worked on it cosmetically to the point where its almost a show home, but we never thought about the possibility of it being available to buy. + +One only gripe about the rental is the wiring throughout, I would say its not up to current standards although no one is at risk of electrical injury, would that warrant a surveyor? + +Our thoughts now are should we buy our rental property and make it our forever home as its location is actually perfect. + +What should we be mindful of heading down this path? + +EDIT: Can it also be sold privately? Is that a thing? + +Thanks folks +So was doing a little research (watching The Big Short) and thought I would peek at the status of the commercial and residential markets... + +[And boy is something ripe....](https://i.redd.it/xqobk4nbcpv81.gif) + +Pictures are on the weekly timeframe of 5 ETF's that track different mortgages (Commercial Mortgages and Residential Mortgages and their values). I tried to visualize it from the last 6-7 years. [Here is where I pulled them from](https://etfdb.com/etfdb-category/mortgage-backed-securities/)... + +[No big deal....Just over 12 months of decline.](https://preview.redd.it/sumq2szocpv81.png?width=1686&format=png&auto=webp&s=26b5fd62866df095afd7f58a45bb6369974da219) + +[Uh oh....Commercial Real Estate has been turning for last 8 months...](https://preview.redd.it/zdivfuzocpv81.png?width=1696&format=png&auto=webp&s=c9178230253a04de0dfb5846544da3f87ecf44eb) + +[I dont feel so good...](https://preview.redd.it/2rzzgqe3pqv81.png?width=1672&format=png&auto=webp&s=fc82dbbd17eca0f86fbf097d5170351885db6887) + +[I gotta call my mom....](https://preview.redd.it/dj9rxwzocpv81.png?width=1680&format=png&auto=webp&s=fd0b58fa6dbceadf9a57cf9bc06c1ccf7311449f) + +[💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩](https://preview.redd.it/y0vh0szocpv81.png?width=1642&format=png&auto=webp&s=7f97f8c58f21ebf87871126657e56779ff6abf87) + +This moment is occurring now at the same time globally and in almost every major market…instead of just residential homes like in 2008. + +Residential MBS + +Commercial MBS + +Student Loans (SLABS) + +Auto Loans + +Basically any debt you can imagine is being reshuffled and hot potatoed with the big boys until they can find some idiot to hold it for them when the nuclear bomb actually implodes. + +But how could this happen again? + +How could there be such a large upcoming nuclear bomb imploding on the financial system? + +&#x200B; + +[Again.](https://i.redd.it/lckrbwfhepv81.gif) + +If only there was a way to protect yourself from this disaster...something with massive idiosyncratic risk maybe? + +[How? Buy & DRS GME. Get Astronaut helmet. Wait for launch.](https://i.redd.it/css0n1lxdpv81.gif) + +I am screaming to everyone I know and it continuously falls on deaf ears...when I happen to get something that somehow breaks through to some, I like to share it just in case someone else is having issues getting through to those around them for what is coming. I did get a few more responses when I sent them the graphs of mortgages and reminded them of the 2008 clusterfuck and how it happened. + +Then I send [this direct link](https://www-us.computershare.com/Investor/#DirectStock/Summary?IssuerId=SCUSGME&PlanId=SPP1&sv=t) to computershare and GameStop to try and make them drink because this might be the last time I can lead these donkeys to this lunar oasis. + +Fucking Hell...all it may take is 1 share to insure one's entire net worth. I just hope this might shake some other people awake too. + +https://preview.redd.it/to7unrulfpv81.png?width=2850&format=png&auto=webp&s=20f493ee9cd294f76663bc7cfd86899e04045a23 + +["The Big Short" - Jenga Scene](https://www.youtube.com/watch?v=3hG4X5iTK8M) \- For those that need full context. + +&#x200B; + +***Edit:*** + +If anyone can tell how SWAPS and CDO's are valued on any of these MBS or SLABS we could see if [this scene](https://www.youtube.com/watch?v=DQ5VfKSYvSk) has occured yet? + +Obviously no one is wanting morgage bonds anymore, how about CDO's? How are those looking? + +Does anyone want anyone's SWAPS yet? + +[Are we financially inside of Mulligan Capital currently?](https://preview.redd.it/x5f992mmkpv81.jpg?width=1334&format=pjpg&auto=webp&s=053a91913b752b17f8d39ea74b2ac5d98920a741) + +More wrinkles could help see if there is a way to track the price quote history of these weird financial derivatives. +Are you kidding me? Putting your brother in charge of a huge, critical part of your operation is a third-world move. This is a massive red flag for the Canadian bank that has underperformed forever and is the most-shorted. + +[https://www.theglobeandmail.com/business/streetwise/article-cibc-shuffles-executive-ranks-names-new-head-of-wood-gundy-and/](https://www.theglobeandmail.com/business/streetwise/article-cibc-shuffles-executive-ranks-names-new-head-of-wood-gundy-and/) +Rookie investor here warning to other rookies. I inadvertently purchased warrants thinking that I was buying shares. The warrants were the same price as the shares, I just wasn’t able to tell the difference when I bought them on TD direct investing (WTS GRN )a number of months ago. A few days ago they expired and all of my now everything I invested has just gone and I’ve been told there is no way to retrieve my money. Warrants have an expiry dates unlike shares. I honestly had no idea what warrants were until a few days ago. Hopefully this will save someone making the same costly mistake I make +https://blogs.imf.org/2021/03/03/the-evidence-is-in-on-negative-interest-rate-policies/ + +https://www.imf.org/en/Publications/Departmental-Papers-Policy-Papers/Issues/2021/03/01/Negative-Interest-Rates-Taking-Stock-of-the-Experience-So-Far-50115 + +Interest rates are low, and “lower for longer” has become something of a mantra among policy makers, regulators, and other market watchers. But negative interest rates raise an entirely new set of questions. + +After eight years of experience with negative interest rate policies, the initial skepticism (paying interest to borrowers rather than savers was certainly unprecedented) has proven largely misplaced. The evidence so far suggests that negative interest policies have worked. + +The evidence so far indicates negative interest rate policies have succeeded in easing financial conditions without raising significant financial stability concerns. + +Since 2012, a number of central banks introduced negative interest rate policies. Central banks in Denmark, euro area, Japan, Sweden, and Switzerland turned to such policies in response to persistently below-target inflation rates (most central banks set rates as part of their broader mandate to keep prices stable, thereby supporting jobs and economic growth). These banks were also responding to a very low “neutral real interest rate”—that is, the real interest rate at which monetary policy is neither contractionary nor expansionary. The move reflected the central banks’ struggle to boost inflation even when they had already pushed interest rates to zero. + +The effects of the COVID-19 crisis, in an environment where many central banks are constrained, have brought back negative interest rate policies to the forefront. + +Overall, these policies have eased financial conditions, and, in the process, likely supported growth and inflation. However, negative rate policies remain politically controversial, partly because they are often misunderstood. + +Unfamiliar territory + +At the time of introduction, many questioned whether negative interest rate policies would work as intended. + +There were concerns about risks, given the untested, and in many ways counterintuitive, nature of the move. Would banks, households, and firms shift massively to cash in response to the new policies, thereby weakening the link between central bank rates and other interest rates? Would banks resist cutting lending rates, or even reduce lending to prevent profits from falling? Would negative interest rate policies provide a meaningful monetary stimulus? + +Concerns about potential side effects of these novel policies also arose. Chief among the concerns were financial stability risks stemming from lowered bank profitability, and fear of disruptions in the functioning of financial markets and money market funds. + +Based on the evidence to date, these fears have largely failed to materialize. Negative interest rate policies have proven their ability to stimulate inflation and output by roughly as much as comparable conventional interest rate cuts or other unconventional monetary policies. For example, some estimate that negative interest rate policies were up to 90 percent as effective as conventional monetary policy. They also led to lower money-market rates, long-term yields, and bank rates. + +Deposit rates for corporate deposits have dropped more than those on retail deposits—because it is costlier for companies than for individuals to switch into cash. Bank lending volumes have generally increased. And since neither banks nor their customers have markedly shifted to cash, interest rates can probably become even more negative before that happens. + +So far, so good + +Any adverse effects on bank profits and financial stability have so far been limited. + +Overall, bank profits have not deteriorated, although banks that rely more on deposit funding—as well as smaller and more specialized banks—have suffered more. Larger banks have increased lending, introduced fees on deposit accounts, and benefited from capital gains. Of course, it is possible that the absence of a significant impact on bank profitability mostly reflects shorter-term effects, which could potentially be reversed over time. And side effects may still arise if policy rates go even more negative. + +Money market funds in countries that have adopted negative interest rate policies have not collapsed. And, even if the existing “low-for-long” environment does create significant financial stability concerns (as it induces a search for yield or excessive risk taking by financial institutions), negative interest rate policies per se do not appear to have compounded the problem. For example, the increase in bank risk-taking does not appear to have been excessive. + +Given this evidence, why haven’t more central banks jumped on board? The reasons are likely related to institutional and other country characteristics. Institutional and legal constraints may play a role, and some financial systems—because of their structure or interconnection with global financial markets—may be more prone to suffer adverse side effects from negative interest rate policies. For example, countries with many small banks that rely more on household deposits as a main source of funding may be more reluctant to adopt negative interest rates. + +Even the adopting central banks have moved tentatively, typically with small interest rate cuts because of the risk that negative side effects become more apparent if the negative rate policy lasts for very long, or if rates go very negative. + +In sum, the evidence so far indicates negative interest rate policies have succeeded in easing financial conditions without raising significant financial stability concerns. Thus, central banks that adopted negative rates may be able to cut them further. And those non-adopting central banks should not rule out adding a similar policy to their toolkit—even if they may be unlikely to use it. + +Ultimately, given the low level of the neutral real interest rate, many central banks may be forced to consider negative interest rate policies sooner or later. +https://www.wsj.com/articles/sec-revives-fight-over-inability-to-inspect-chinese-auditors-of-alibaba-baidu-1544229843 + +>Statement issued in advance of accounting conference on Monday where SEC chairman plans to speak about the problem + +>American regulators resurrected a long-simmering fight over their inability to inspect audits of Chinese companies that are traded on U.S. stock exchanges, saying the situation prevents investors from getting information they need. + +>The U.S. Securities and Exchange Commission said Friday that, despite several years of talks with its Chinese counterparts, regulators still face obstacles to getting information needed for accounting investigations and inspections of China-based auditors. + +>The SEC issued the statement in advance of a major accounting conference on Monday where its chairman, Jay Clayton, plans to speak about the problem. + +>“China’s state security laws are invoked at times to limit U.S. regulators’ ability to oversee the financial reporting of U.S.-listed, China-based companies,” the SEC said in a joint statement with the Public Company Accounting Oversight Board. “The inability to date to achieve this level of regulatory cooperation with Chinese authorities raises a number of investor protection and general oversight issues.” +I can understand if someone doesn’t invest in stocks. But any particular reason they don’t invest in Mutual Funds. + +This is a follow up question to “Why do most Indians think stock market is like gambling?” + +Mutual funds are less risky than individual stocks. + +Since inception, Nifty has given a CAGR of 12% while Nifty Next 50 has given a CAGR of 17%. +As many people on this board have posted, guessing this market is almost impossible, and the daily swings are ridiculous. I only play covered calls and CVX is my biggest position. All week has been crazy. Oil up big, CVX down. Oil down, CVX up. I took a slightly bearish position on crude yesterday. Oil down today and CVX skyrocketed. Left allot of money on the table. + +I have never done this before, but I bought several SPY puts for next week. No market intelligence, no DD, no thought on direction of market. This is probably a better way to play this market than actually use your brain. Full disclosure I probably should be on the sidelines during this Russia invasion, but I can't quit trading. What stupid moves have you all been making. +My current employer (one of the big 4 banks), does not allow team leaders to be a reference for employment outside of the organisation which my team leader is abiding by. I am currently going through the interview process at another bank and they strongly suggest having a current direct team leader. My question is whether I should fake a reference using a colleague who's willing to do it or use team leaders from previous employment which was about 5 years ago. +So I was having a look at the premium you would get if I was to sell a put contract with a strike price of $1,150 that expires 1/19/2024. The premium would be worth $42,600 + +I think my break even price would be $724 per share before I would make a loss. + +If left to expire and not be called I would gain around 37% ROI + +Interested in hearing pros and cons to this. +[**Here**](https://imgur.com/gallery/Qdk1HYT) is a very digestible format, you may find this quite interesting. + +Each image has a page number that corresponds directly with the Florida litigation that it was transcribed from, so your next step is to check out the source material to see if this is the real deal or not. + +--- + +**Source:** [Raw PDF Florida Litigation](https://pdfhost.io/v/YPAly8dSy_Microsoft_Word_20210812_Corrected_Antitrust_First_Amended_Complaint_Revised) + +- Note: At the top of each image in this post, there is a page number that corresponds to the litigation page number from which it was transcribed + +--- + +Also of Note: + +[From The SEC GameStop Report](https://i.imgur.com/HiLAnBR.png), The NSCC officially stated that all PFOF brokers had their premium components waived because according to the NSCC, it was not the brokers' fault a stock was popular. + [https://www.marketwatch.com/story/trump-to-sign-executive-order-suspending-h-1bs-other-visas-2020-06-22?mod=home-page](https://www.marketwatch.com/story/trump-to-sign-executive-order-suspending-h-1bs-other-visas-2020-06-22?mod=home-page) + +This may impact the Tech sector industry drastically in the future. +What are your little luxuries? + +What's that thing that you will spend that extra $5, $10, $20 on that just make you life a little better ? + +Or maybe it's not money but time ? Getting up a little earlier so you can have your coffee in peace. + +For me, one is really nice smelling bar soap. Every time I bath it just make me feel pretty. It doesn't cost any extra usually . It just takes time to pick my favorite one. Also very good box of tea cost $2 more that the just ok tea. And making it in real fancy cup and saucer cost me only the $10 I paid for the set 3 years ago. + +When I make coffee I put a little pumpkin spice in it, year round. A jar of spice cost about $5 and lasts me 6 months to a year. + +What is your little luxuries? + + I have asked this question before and I wanted to ask it again. I interesting to me what other people's answers are. +https://coinmarketcap.com/currencies/ethereum/#ratings + +Coinmarketcap is the most used website to check crypto prices so a rating system which shows ETH as the best option is a very positive thing. + +In the very least it will urge people to do their due dilligence and question why ETH is ranked so high. + +https://coinmarketcap.com/currencies/ethereum/#ratings +I've noticed a few trends on this great sub, but sometimes I get confused by what appears to be hypocrisy. The same arguments that are Pro-Renting for housing are the Cons for leasing vehicles. + +Can someone give a more detailed explanation why renting is not appropriate for vehicles but ideal for housing? +Thanks to this sub I’ve embarked on hiring a travel advisor to help book vacations, a nutritionist to help with my diet, and a personal trainer to get in shape. Great uses of money to save time. + +However my clothes, hair, skin, and style are all still unarguably pre-FAT. I’ve spent most of my working life shopping at, say Banana Republic, and never had the time to venture much farther. Anyone have experience for how they used their newfound wealth to help their fashion sense and upgrade their look? How do I find someone to help with this? + +EDIT: Ideally would like to do this with relatively minimal time & effort. For example I could spend a lot of time reading fitness books and watching YouTube videos about the right form, but hiring a personal trainer sacrifices a little extra money for efficiency and an eye of extra appearance. + +Also, while I am financially independent, I still like to attend industry events, drop by at networking functions, do angel investing, etc, so would still like to keep up my appearance. +My wife's father passed away and she's closing on selling his house. Everything was fine until the bank said there's an unpaid credit line they discovered on public record. The credit line was taken out on the house 30 years ago, with a company that since went out of business and (maybe?) sold the credit to another company. Her father later declared bankruptcy but apparently this credit remained owed. No payments or mailings occurred for 30 years. Now the closing company is uncomfortable that there's an open balance on the house, but no one can find or access this balance or tell us what is still owed. For reasons beyond my understanding, apparently disputing public record is not an option. Thoughts? + +Update: It seems things have been mostly resolved thanks to the resourcefulness of my sister-in-law. She's done a great job of handling most of this ordeal. Thank you all for your help regardless, I know it has and will be helpful to plenty of people in similar situations. + +SIL's post (way down in the weeds here): [https://www.reddit.com/r/personalfinance/comments/jx5ihv/bank\_cant\_tell\_me\_what\_my\_balance\_is\_on\_a\_30\_year/gcvjcfd?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/personalfinance/comments/jx5ihv/bank_cant_tell_me_what_my_balance_is_on_a_30_year/gcvjcfd?utm_source=share&utm_medium=web2x&context=3) +I’d like to talk about the accusations against ethtrader regarding threats of physical violence made to Afri in this response letter: + +https://reddit.com/r/ethtrader/comments/asn0tz/pitchforks_are_for_hay_not_hate_maintaining/ + +The letter references threats of physical violence multiple times and also to r/ethtrader as being the “center of the storm”. + +( these are selected relevant paragraphs that mention violence) + +> Both contributors and community need to work towards healthier discussion practices and protect each other from threats and violence. + +— + +> Unfortunately, time and time again we have witnessed ecosystem members engage in toxic behavior that discourages open discussion such as doxxing, violent threats, or brigading against people they disagree with. + +— + +> Afri, received a wave of verbal violence from some Redditors, forced into the center of a storm on r/ethtrader which, triggered by a couple of tweets issued by him, turned menacing, dark and deeply toxic. Under stress from this backlash and to protect himself and his family from threats coming from unknown internet users, he made the decision to leave his position as a core Ethereum developer. + +— + +> others within the wider Ethereum community resorted to impugning Afri’s reputation by asserting his involvement in wild conspiracies, demanding his immediate resignation, and most disturbing of all, issuing personal threats. + +— + +> It is hugely upsetting and chills free speech when any contributor, whether a developer, community builder or otherwise, is attacked, intimidated and is deliberately made to feel unsafe. + +— + +> Of course, Ethereum is not the only online crypto community being damaged by such behaviour. Jameson Lopp’s very real world ordeal caused by an anonymous person deliberately mis-identifying Jameson as an active shooter thereby drawing armed police to his home is yet another awful example of the intimidation that can be wrought in the midst of very heated debates. As Jameson wrote, “had a few variables been different that day, I could easily be dead.” + +After offloading discussion of the actual concerns members of the community have - conflicts of interest in leadership and provocative social media posting by perceived community leader - to other venues, it concludes the “yes your concerns are valid” paragraph with: + +> Nonetheless, we cannot tolerate destructive behavior even if there are areas we can improve as a community. + +— + +> We, the undersigned, contributors and workers behind scores of projects, and those seeking to build better systems, feel that these actions have gone far beyond acceptable standards of debate: whatever the circumstance, threats against a person’s well-being can never be justified and we categorically reject such toxicity in digital communities. + +— + +> We must preserve the mental and emotional health of those humans —especially as they labor through their nights, weekends, often without pay in order to manifest the mission and vision of Ethereum. So we support Afri in this respect and will stand by and protect any others that are being intimidated, at any given time. + +This 14 paragraph response letter makes no fewer than 9 references to threats of violence by the Ethereum community with r/ethtrader being the only part of that community mentioned by name. + +In multiple instances users, including myself, have asked for evidence to support the claims of physical violence threats being made. None has been provided. The only provided document has been provided is this “timeline of events”: + +https://hackmd.io/qvRcAiFwQ0u7PTYfXC8GXQ + +When pressed on the issue that none of the comments referenced in that document appear to represent the kind of threat referenced 9 times in the letter addressed to our community it’s always met with claims of “not my job” or a complete change of subject. + +https://reddit.com/r/ethtrader/comments/asn0tz/_/egvog24/?context=1 + +https://reddit.com/r/ethtrader/comments/asn0tz/_/egw6iaq/?context=1 + +https://reddit.com/r/ethtrader/comments/asn0tz/_/egxx9o8/?context=1 + +https://reddit.com/r/ethtrader/comments/asn0tz/_/egxxirv/?context=1 + +https://reddit.com/r/ethtrader/comments/asn0tz/_/egvmz4i/?context=1 + +https://reddit.com/r/ethtrader/comments/asn0tz/_/egw8u6h/?context=1 + +Again, respectfully, the defensiveness of these responses makes it seem that the authors cannot support the claims of “threats of violence” by members of r/ethtrader as stated in the letter. + +I’m not saying that threats of violence didn’t happen anywhere on the internet during this whole debacle, but its looking pretty clear to me that they didn’t happen here in r/ethtrader. Surely it can be understood that a community will want to see supporting evidence of claims of illegal activity levied against it? Especially when those claims are used to steer the conversation away from the *numerous* articulate and well-reasoned concerns members of the community have brought up regarding the entire situation! + +/u/jtnichol is an excellent moderator here and from what I’ve observed over the years a stand-up fellow. He has also reported in other comments that he saw nothing occur here that fits the accusation. I’m here more than I probably should be and I also saw nothing that fit the bill. + +https://reddit.com/r/ethtrader/comments/asn0tz/_/egw4w59/?context=1 + +I know the feeling is that we’re “done with this” and it’s “not your job”, but it’s *someones* responsibility. If a group is going to make an argument (especially one accusing a specific community of illegal activity) then it is your job to support it with evidence or amend your argument to not rely heavily on it. Anything less is a breach of trust and will only serve to further divide the community. + +Thanks for reading. I’m all for learning from our mistakes, but I’m concerned that a straw man argument about threats of violence against Afri is being used to cudgel any actual debate about the real issues of conflict of interest and online conduct of community leaders. + +Lastly, some good stuff in an essay posted by u/DeviateFish_ yesterday. The essay outlines the issues that the Women’s Liberation movement faced in the 70s due to the embracing of “structurless” groups. It’s not hard to read the essay and mentally swap out the decentralized nature of crypto communities. It concludes with these suggestions for effective group leadership: + +> 1 Delegation of specific authority to specific individuals for specific tasks by democratic procedures. Letting people assume jobs or tasks only by default means they are not dependably done. If people are selected to do a task, preferably after expressing an interest or willingness to do it, they have made a commitment which cannot so easily be ignored. + +- + +> 2 Requiring all those to whom authority has been delegated to be responsible to those who selected them. This is how the group has control over people in positions of authority. Individuals may exercise power, but it is the group that has ultimate say over how the power is exercised. + +- + +> 3 Distribution of authority among as many people as is reasonably possible. This prevents monopoly of power and requires those in positions of authority to consult with many others in the process of exercising it. It also gives many people the opportunity to have responsibility for specific tasks and thereby to learn different skills. + + +> 4 Rotation of tasks among individuals. Responsibilities which are held too long by one person, formally or informally, come to be seen as that person’’ ““roperty””and are not easily relinquished or controlled by the group. Conversely, if tasks are rotated too frequently the individual does not have time to learn her job well and acquire the sense of satisfaction of doing a good job. + + +> 5 Allocation of tasks along rational criteria. Selecting someone for a position because they are liked by the group or giving them hard work because they are disliked serves neither the group nor the person in the long run. Ability, interest, and responsibility have got to be the major concerns in such selection. People should be given an opportunity to learn skills they do not have, but this is best done through some sort of ““pprenticeship””program rather than the ““ink or swim””method. Having a responsibility one can’’ handle well is demoralizing. Conversely, being blacklisted from doing what one can do well does not encourage one to develop one’’ skills. Women have been punished for being competent throughout most of human history; the movement does not need to repeat this process. + + +> 6 Diffusion of information to everyone as frequently as possible. Information is power. Access to information enhances one’’ power. When an informal network spreads new ideas and information among themselves outside the group, they are already engaged in the process of forming an opinion ——ithout the group participating. The more one knows about how things work and what is happening, the more politically effective one can be. + + +> 7) qual access to resources needed by the group. This is not always perfectly possible, but should be striven for. A member who maintains a monopoly over a needed resource (like a printing press owned by a husband, or a darkroom) can unduly influence the use of that resource. Skills and information are also resources. Members’ skills can be equitably available only when members are willing to teach what they know to others. + + +> Whe these principles are applied, they insure that whatever structures are developed by different movement groups will be controlled by and responsible to the group. The group of people in positions of authority will be diffuse, flexible, open, and temporary. They will not be in such an easy position to institutionalize their power because ultimate decisions will be made by the group at large. The group will have the power to determine who shall exercise authority within it. + +Link to full essay, it’s worth your time if you want to learn lessons from our past that are applicable today: https://www.jofreeman.com/joreen/tyranny.htm + + +EDIT: An instance of inappropriate commenting suggesting violence was found through searches of archival services and the offending user has been banned. The one bad apple has been removed, lets move on and not let it spoil the bunch. +This man, with the help of a few million apes, has had the power to start the MOASS and checkmate the shorts this WHOLE TIME. RC and his silverback Diamond testicles has literally been waiting until he FEELS LIKE IT to destroy shitadel and the whole scam we call our financial markets (or at least Wall Street). He alone chooses when and how he wants the Game to Stop. He must feel like the ape-iest ape in all of ape history. And he may very well go out there today, slam his 9 pound hammer on the table and say: “Fuck you, pay me. And these Reddit retards too.” Whether today is the beginning of the end or the end of the beginning, I must say. I’m damn proud to be an ape. Let today go down in history. Buckle up 💎🙌🚀🦍 +Does anyone ever feel they’ve reached a point where they make wealth for the sake of wealth? Wealth and money is just a number now and no matter if they accumulate 2x, 3x, or 4x more of what they are worth. Nothing in their life will change? + + +Edit: Thanks everyone for your responses! Long time lurker and first reddit post ever. Don’t think I will ever get used to strangers having discourse with each other. The internet is a funny place. Yes I’ve found my interest in day trading to only enjoy the feelings of seeing that little green number each day. A bit ridiculous and will take the advice on giving back to society. +**ALL CREDIT GOES TO** u/spacedebriss **THIS IS A CROSSPOST FROM DDINTOGME.** + +\---- + +**IS EVERYTHING SHORT?!** + +This is not financial advice in anyway. I think this is all wrong. It has to be. But either way don’t make financial decisions after reading my incoherent ramblings. + +*The only advice I’ll give: Stay safe out there. Be kind to one another.* + +So, I’m not sure if I should label this a Due Diligence. Honestly, I hope someone has some better data and will prove me wrong or someone will point out a fatal flaw in my smooth brain math and drawings. Please, tell me I’m wrong, tell me the answer to the GIGANTIC question I have to begin this with is a resounding ‘NO!’. Or hopefully, ‘FUCK NO! That would be fucking crazy!’. And really that sums up why I’m not sure if this a DD, because it’s mostly questions. Fuck, I have so many questions. Hopefully, this isn’t too much tinfoil. To start: + +Is everything short? Or maybe more accurately. Is there ANY delivery in the market? + +Besides DRS of course. It seems to me that Directly Registering your Shares may be the only thorn in the DTCC’s side. The only thing that will show that Failure To Delivers have been controlling (plaguing) the market for the past... 10 years? 20? + +Really think about that question again. Is the entire market sold short through FTDs? It’s fucking insane. My tinfoil hat might be more of a tinfoil suit in your eyes at this point. + +But please, let me explain, and then prove me wrong. Because that question has been haunting me for the last couple of days and it makes me sick. + +**1993 – The beginning of the end** + +It all could have ended in 1993. But too few cared and eventually greed took over. + +From Dr. Susanne Trimbath’s Naked, Short and Greedy, “Exactly the way that Ray Riley explained it to me in 1993, the fact is the excess supply of shares created by shorts, fails and loans will have a negative impact on share prices that is greater than any outright sale of the shares by an investor. The impact can run to multiples of the issued and outstanding shares. In documented cases, the number of shares being traded – and voted – was 150% of the issued and outstanding shares of a company, even a big company like Bank of America.” (Naked, Short and Greedy PG. 35) + +Read some of that back real quick: + +“**excess supply** of shares **created by** shorts, **fails** and loans **will have a negative impact on share prices** that is **greater than any** outright **sale** of the shares **by an investor**.” + +To me that reads like: the use of FTDs can be used to control prices. + +“In documented cases, the **number of shares being traded – and voted – was 150%** of the issued and outstanding shares of a company, **even a big company** like Bank of America.” + +To me that reads like: Company stocks were short >50%. No company was safe. + +**2003 – The monster is growing** + +From Naked, Short and Greedy, “I quickly recognize that this is the same problem the corporate trust officers like Ray Riley brought to me in 1993, when fails to deliver were around $6 million. In 2003, while I am meeting with Wes in New York, the fails in equities are over $6 billion.” (Naked, Short and Greedy PG. 36) + +Like I said, In 1993 we could have saved ourselves when this was a $6 million problem. In 2003 FTDs are already a $6 billion problem. 1000X over 10 years is impressive growth. I really hope these morons didn’t drive it another 1000X by 2013 to put it at $6 trillion. That’s not possible right? Or even over the next 20 years. They wouldn’t do that right? I honestly can’t say, but I really hope they’re not that dumb. + +Looking at several tickers in the SECs website it looks like FTDs have mostly just continued to go up over time. I’m sure someone smarter than me could do a deep dive on FTD data over time though. + +**2004 – Your vote matters – Or, wait, no...** + +The STA (Securities Transfer Association) puts out a, “white paper in December of 2004 on the role of short sales in over-voting for corporate elections.” (Naked, Short and Greedy PG. 51) + +The white paper is titled: “Treating Shareholders Equally”. The conclusion of the white paper? “some unauthorized parties are being allowed to vote while real owners unknowingly lose their voting rights.” (Naked, Short and Greedy PG. 51) + +Over-voting is starting to uncover the FTD nightmare. Maybe your vote does matter. Or, wait, no... + +**2005 – A very very very important year for FTDs** + +“Just four months after the STA’s white paper is released, the Securities Industry Association (SIA) sends a letter to the NYSE describing how they can hide over-voting caused by shorts, fails, and loans.” (Naked, Short and Greedy PG. 52) + +Companies have way more votes during shareholder meetings than should be possible. So, the answer is to get to the bottom of why there are more votes, right? Nope, the over-votes are the problem. It’s curing the symptoms and ignoring the disease. + +Remember when we all thought our GME votes would flood through their system and all the fuckery and what we now know are FTDs would finally be revealed? Ah, to be young and naive again. I’m sorry to say it, but unfortunately, we were wrong and very late on that one. They were making moves to patch that hole in 2005. I know I’m not the first DD to figure this out about the vote, but it’s important so I’m covering it again. + +“When the STA surveyed their members about the corporate voting experience around the time of the SIA letter, it showed that **over-voting occurred in more than 90% of corporate elections**.” (Naked, Short and Greedy PG. 53) + +Five months after they start looking to patch the over-voting problem, “the NYSE would remove the mandatory buy-in rule, which could have been used to force a seller to deliver shares by allowing the buyer to purchase the same shares on the open market and to charge the cost back to the original seller.” + +2005 is a VERY important year for FTDs. Over-voting is revealing the FTD fuckery and buy-ins are allowing for forced delivery. So, naturally they get rid of both. + +They make a few big moves in 2005 to protect FTDs. + +**2006 – Hahahaha wait what?** + +“On an average day in March, unsettled trades amounted to more that 750 million shares in almost 2,700 stocks, exchange-traded funds and other securities…” (Naked, Short and Greedy PG. 85) + +There were 750,000,000 FTDs on an average day in March 2006?! 750 million? Do I have that right? + +I know how you all love the ‘fines’ (pay-to-crime) in Wall Street. This one might be a contender for one of the most infuriating fines of all time. In 2006, “a major bank was fined $1 million for failing to exercise due diligence. The firm had allowed their over-voting service subscription to lapse and had failed to adjust votes to prevent over-voting in 12 out of 15 instances tested, according to an announcement by the NYSE.” + +Haha seriously? Some people point out over-voting is an issue in 2004. They implement a plan in 2005 and by 2006 they’re fining banks for over-voting. Why aren’t they fining for non-delivery of the shares? + +In 2006, “the STA found over-voting in every corporate election surveyed.”(Naked, Short and Greedy PG. 53). + +They found over-voting in **every** company’s shares? How in the fuck? + +**WAIT STOP!** + +Later when I’m on page 92 of Dr. Trimbath’s book I read something that stops me in my tracks. It’s in a letter from the SIA (Securities Industry Association) to the NYSE in 2005. + +“since on average only 35% of clients usually vote” (Naked, Short and Greedy PG. 92) + +Now, this is where again, I hope I’m wrong. I hope I’m a smooth brain and this DD will just fade away as another Ape misstep on the journey to MOASS. Tell me I’m wrong about the entirety of the market being a complete fucking sham. Then again, I think a lot of you are going to go, “yeah, duh.” + +Maybe, those numbers have jumped out at you already. My head nearly exploded when I connected them and I haven’t been able to think about much else since. Let me see if I have this correct? In 2005, 90% of companies had over-voting. (In 2006 it was all the companies they surveyed.) At the same time in 2005... only an average of 35% of clients voted? + +How the fuck does that work out?! + +https://preview.redd.it/v0pc5tx3xjj91.png?width=1920&format=png&auto=webp&s=c1dc05750aa83ce6abd934b45d63ace7b31fb840 + +Over-Voting in 2005 + +A company has 100% of their shares outstanding. Only 35% of clients vote. Then vote counts should be around 35%. If you’re getting an over-vote then that means there are a MINIMUM of 65% shares short. + +Were 90% of companies sold 65% short AT A MINIMUM in 2005? Was every company’s outstanding shares inflated to >165% through FTDs in 2006? Has it only gotten worse today? + +**TIME-DELAYED-ARBITRAGE** + +Someone will hopefully come up with a better name for this. Hell, it might already have a name, but this is what I’ve been calling this fuckery. Time-Delayed-Arbitrage. First, there’s an important question behind FTDs that I’m not sure it’s possible to answer with the info we have. Do FTDs ever need to be closed? Does delivery ever actually need to occur? + +According to Naked, Short And Greedy, the answer seems to be no. + +“when settlement failures are added to the picture, then the shorts have no incentive to cover. The trade is allowed to remain unsettled indefinitely; there is no margin call because there is no loan.” (Naked, Short and Greedy PG. 77) + +So, back to my smooth Time-Delayed-Arbitrage theory: + +https://preview.redd.it/eu7498r5xjj91.png?width=1920&format=png&auto=webp&s=2bd2fb75d77ffd7a539b9ee5fb1c3e7e07381aec + +Time-Delayed-Arbitrage + +Or in other words, let’s use the car analogy that floats around a lot. It’s not perfect because it doesn’t take the most observant person to notice if a car isn’t delivered, but let’s say retail is a bunch of idiots. I sell some moron a Lambo for $1,000,000. But the market is so fucked that I can take as long as I want to actually deliver the Lambo. A year later, I see the same Lambo on sale for $900,000 from some other idiot. I buy the discounted lambo and finally deliver. + +I just made $100,000, had that $1,000,000 for a whole year to do whatever I want with, and some moron just got a depreciated Lambo worth $900,000. I basically got a $1,000,000 loan for a year and then got paid $100,000 in interest for taking out the loan. Hell, maybe I'll turn around and offer to buy his lambo for $850,000 - it is a year old after all. + +If you’re a greedy asshole, why wouldn’t you do this? + +**LET’S BRING OVERNIGHT REPO IN FOR A QUICK SEC. WHY NOT?** + +“The buyer’s broker-dealer gains this time-value of the trade’s cash over the fail interval by investing any end-of-day cash into investment vehicles such as overnight repurchase agreements that allow them to earn interest on idle cash balances.” (Naked, Short and Greedy PG. 54) + +They take retails money and use it as an interest free loan because they don’t have to deliver anything? Cool… + +**JANUARY SNEEZE – FTD NIGHTMARE 1** + +**SUBTITLE: PAYMENT FOR ORDER FLOW – Ha, did they fuck themselves?** + +Order flow is clearly very important. They say PFOF isn’t important, but then turn around and pay hundreds of millions to access it. Data is knowledge. Knowledge is power. And with great power comes great responsibility. Too bad that power is being abused. But did they fuck themselves with PFOF? + +With PFOF came free trading and Vlad’s app and the “gamification of wall street”. More people flooded into trading and suddenly retail was throwing more money at the stock market then ever before. + +A dream come true for FTD ‘Sellers’ at first. More morons giving them money for stuff they never have to deliver. They must have been raking it in at first. + +Then the January Sneeze happened. + +https://preview.redd.it/6l4sdyi7xjj91.png?width=1920&format=png&auto=webp&s=32f27b5e96fdb8e09053bf00d1de464ca0b5bfd9 + +January Sneeze Loop + +They were stuck in a loop of their endless FTDs, but at the same time retail just kept buying and just kept sending the price higher and higher. They were so fucked! And still are! + +Let’s take a look at that dumb Time-Delayed-Arbitrage graphic again, but this time add the FTD Nightmare Loop. The place where you get stuck when Retail starts to clue into your game and can’t be so easily scared off. + +https://preview.redd.it/h8re9409xjj91.png?width=1920&format=png&auto=webp&s=e342e33afa29907e822a923aabf8b3a3b185c901 + +FTD Nightmare Loop + +And we all know how that ended. They just turned off the buy button. They tried to stop the game. Let’s face it, they scared off the majority of retail when they turned off the buy button. They killed the fomo. But they failed at killing the hodlers – something they’d never seen before. + +But you beautiful Apes didn't stop doing researching and digging into their fuckery. And eventually we uncovered their Achilles' heel: DRS. + +**SCHRODINGER’S SHARES and DRS – FTD NIGHTMARE 2** + +Is it possible to tell if a share held in a brokerage account is real or not? If you hold shares in a brokerage account, do you really own shares? Or do you have more of a Schrödinger's Share? + +“When regulation SHO was proposed, commenters noted difficulties tracking individual accounts in determining fails to deliver” (Naked, Short and Greedy PG. 74) + +Brokers don’t know if you have an FTD or real share sitting in your account. So how could you know? + +“How tragic the problem has gone this far; that not only do the broker-dealers not know whose shares are bought, sold and lent, they can’t even tell if a selling customer has delivered shares.” (Naked, Short and Greedy PG. 74) + +The only way to figure out if you are hodling real shares is to DRS. Or in other words, DRS is the only way to open the box on your Schrödinger's Shares. FTDs allow them to take your money and never deliver your shares. DRS is the only way to force them to deliver. DRS is the only way to confirm your shares are REAL. + +**$6 Trillion in FTDs?** + +Remember when I asked if $6 trillion in FTDs these days is too insane to be real? + +The DTCC processed a record $2.15 quadrillion of financial transactions in 2019. + +From Naked, Short and Greedy: + +“If only 1% of DTC trades fail and DTC settles $1 Quadrillion of trades a year, then $10 Trillion worth of trades fail a year. This is not a small number. DTC indicated that 85% of all fails are settled within 10 business days. If fails occur in a random market, the dollar value of fails that exceed 10 days would be $1.5 trillion.” (Naked, Short and Greedy PG. 54) + +In 2003 FTDs are a $6 billion can of shit. $6 trillion is an insane amount right? + +A mere 1% of trades failing on $2.15 quadrillion in 2019 would be $21.5 Trillion. Based on Dr. Trimbath’s math, FTDs exceeding 10 days could have been worth $3.225 trillion in 2019. + +Oh boy, please, I’m begging someone. My math is BS… right? + +**LOANS, PENNIES, and** **MUH LIQUIDITY? - BENEFITS OF FTDs to WALL STREET?** + +So it’s obvious why someone like a Market Maker would be down for flooding our entire market with FTDs, but why does the rest of Wall Street go along with it? What do BlackRock and other huge Institutions get out of this? + +Honestly, this could use a lot more research and DD. But here are some of my thoughts. + +1. LOANS – The DTCC and other institutions make money off of loaning shares. Say one of our FTD ‘Sellers’ get screwed and are finally forced to deliver because some moron retail investor wants to DRS their shares. Instead of closing they take a loan of shares from the DTCC and deliver those to be DRSd and kick-the-can another day. +2. PENNIES – Maybe bullshit, but it would make sense to me if there are several players and middle men throughout the system who are making pennies on every share trade they facilitate. Here’s some simple math – if you make a penny on 5 million trades it comes out to $50,000. If some other asshole floods the market with FTDs and suddenly you’re making a penny on 500 million trades, it comes out to $5,000,000. +3. LIQUIDITY – If you’re a Blackrock and you own a massive chunk of the entire market, then some asshole flooding the market with FTDs and creating massive liquidity would be a good thing for you right? It’s easier for you to make massive plays with your gigantic bags if the market is incredibly liquid. Let the other guys worry about sticking retail with the bag in the end. + +I’m sure there are other ways that Wall Street benefits from FTDs flooding the market. Maybe you can poke holes in one of these, please do. This DD is more about whether or not the entire market is short by at least 65%, the list above is more to start thinking about how FTDs could be good for everyone. If they weren't, Blackrock or the SEC or DTCC would have stopped them by now. This needs way more research in my opinion. + +**IDIOTS SYNCHRONIZING THEIR RISK** + +So, I believe that in our current market, there is a huge incentive to accept payment and then failure to deliver on any and every share you possibly can. I believe ‘Sellers’ have pumped so many FTDs into the market that it’s impossible for them to close them all. Two years ago I would have called this a crazy conspiracy. Today I think it’s possible that the entirety of the market could be oversold by a minimum of 65%. + +Kenny G’s not the only one out there selling FTDs. I believe FTDs are a systemic issue within Wall Street and they’ve spent the last 20 years turning the entire market into a ticking bomb. Now they’re mad we pointed it out. + +All of Wall Street is being held hostage by the FTD monster they allowed to fester and the risk to the market is slowly becoming undeniable. + +**WILL MARGE EVER CALL?** + +Personally, I’m not holding my breath for a margin call. Who would be making that call? The DTCC? They have a lot of incentive to keep this racket going and to not let the secret out. SEC have no teeth. All of Wall Street must have every incentive to maintain the status quo. + +**FAILURE TO DELIVER** + +The problem is they refuse to deliver and no one is forcing them. It's like signing up for Prime one-day-shipping and ordering a dildo to fuck Wall Street with, but then Bezos says, "Nah. I'll deliver when I feel like it." + +DRS is the only way to force that delivery. + +**WHAT NOW?** + +I really wish I knew. All I can say is it seems that Wall Street has created a system that not only relies on FTDs and every company being oversold, but has found it to be incredibly fucking profitable. + +And if you’ve made it this far then you may be entertaining the idea that the entire market has outstanding shares sitting at a minimum of 165% due to FTDs. + +When GME is completely DRSd and GME shareholders all over the world are left scratching their heads when they still have shares sitting at their broker... + +The news will spread like wildfire. Fomo will be insane. Brokers will be pointing the fingers at each other and Market Makers. Everyone will be pointing fingers at the DTCC. They’ll try to point fingers at retail, don’t let them. It will be pure chaos. Apes will be zen. + +Then, if this DD is right, hopefully the lid will blow off. Hopefully DRS will become a widespread movement throughout retail. Give me that DRS fomo. + +What happens if more companies start being completely DRSd? + +Could MOASS lead to a DRS wave? Could a DRS wave lead to some sort of... + +Everything Squeeze? + +Lol, no. That would be too crazy. Right? + +**SUMMARY – TL;DR** + +Is the entire stock market a fucking sham? I’m not sure it’s really possible to answer that question with the info we’re given and the opaqueness of our financial markets, but I really think it might be. + +FTDs have the possibility to create a massive loophole that allows those with money to game the entire system and pull money from retail investors. I believe they take our money, delay delivery indefinitely, use the money as a loan however they like, then just wait until it benefits them to deliver. Or ideally, the company goes bankrupt and they never have to deliver anything. + +It’s possible everything is sold short. It’s possible MOASS leads to a wave of DRSing. It's possible a wave of DRSing in all stocks leads to an Everything Squeeze. It's possible I’ve lost my mind. + +Sorry for the length. Thanks for reading. + +Again, no financial advice here. +The company is \~88.7% owned by AMTD, a sketchy Hong Kong-based underwriter we at Hindenburg Research have written about previously. + +https://preview.redd.it/rgq5130jxcf91.png?width=848&format=png&auto=webp&s=e3938e8a18b4add8e25df5322af0b743591fe808 + +Every IPO we could find that was underwritten by $AMTD has collapsed. Its new issues have regularly been accused of serious fraud. In several instances, IPO proceeds were routed back to AMTD through suspicious bond deals. + +https://preview.redd.it/k0uvrcmmxcf91.png?width=690&format=png&auto=webp&s=bc92325550026b7d02ff205b92de96e48a474652 + + AMTD has been repeatedly accused of serious fraud domestically in Hong Kong. As is all-too-common, the firm has found a welcome home in the U.S. where it continues to list absolute trash on our "premier" exchanges. + +https://preview.redd.it/ocikz01pxcf91.png?width=679&format=png&auto=webp&s=3eb77416ff0ea92aa4714c261af9a7582dea9efd + + HKD and AMTD are now spiking in what is surely a mega squeeze. We have no position in either and have just been watching the madness from the sidelines. + +However, we find it deeply troubling that serial facilitators of fraud can disrupt our markets completely unabated. + +Source: [https://twitter.com/ClarityToast/status/1554532410238402560](https://twitter.com/ClarityToast/status/1554532410238402560) + +Hindenburg Research says that AMTD Digital, Inc. (HKD) is 88.7% owned by AMTD, a Hongkong based underwriter that has history of Fraud, Self-Dealing and IPO Flops. + +HKD is up 10,000% since it's IPO on July 15 and Hindenburg says that this is surely a mega squeeze. + +Do you agree? +I was just making my DYOR and a new concept has captured my attention. + +The project in question is Amnext. Initially I was intrigued by the name that literally is an abbreviation of “I am the next “. I started an investigation on the project and discovered a cutting-edge feature that I have never heard of, the concept of **Lifetime Lottery Ticket.** + +I am not a lottery player and even though I do not believe in gambling, I was very impressed by Amnext and its innovation in this field. + +**The main features of Amnext are:** + +* *Lifetime Lottery Ticket* +* *No-Loss Lottery* +* *Staking Rewards* +* *Referral Rewards* +* *Rewards in AMC by depositing in Prize Pools* +* *Doxxed Developers* + +Lifetime Lottery Overview: + +The **Lifetime Lottery** follows an easy but smart procedure. Once a user buys the lifetime ticket the funds are sent to the **Amnext Staking protocol**, it will generate Interest. + +This is where the magic happens. The interest produced is accrued to the to the lifetime jackpot depository which allows users to **keep their lottery tickets forever** without the necessity of putting in money repeatedly to participate on the drawing of the next lottery. + +In simple terms, the money used to buy the tickets **does not become the jackpot** as it happens in classic/national lotteries but it is used to generate the interest, which will form the jackpot and allow **the birth of the lifetime ticket!** + +No Loss Lottery Overview: + +**Another unbelievable concept** inside the Amnext ecosystem is the **No-Loss Prize Pools.** + +The members can deposit funds in different stable and well-trusted Tokens like **BNB/CAKE/USDT.** + +The amount deposited follows the same workflow similar to the lifetime lottery protocol. The Tokens deposited are invested in one of the most active and secure platform of the Binance Smart Chain, **Venus a Lending and Borrow** Dapp that permits the invested tokens in Amnext to generate the interests which form the jackpots. + +Instead of the lifetime lottery, you can remove your investment whenever you want and accrue AMC tokens as a simple staking system. There is also a **bonus that is added to the jackpots,** the fabulous **LootBox;** a fair amount of AMC tokens that is provided by the tokenomics logic of the project. + +My Review + +The confidence of the doxxing team is amazing and **should sell itself early enough**. I advise you to join the **telegram group** to connect with the community of developers to clarify any doubts you may have. I personally believe that the project has a lot of potential and will be for sure a **long-term DeFi application!** + +Telegram: [https://t.me/amnext\_official](https://t.me/amnext_official) + +Website: [amnext.io](https://amnext.io/) +I’m 17 years old and still have a lot to learn. My car broke down and instead of fixing it myself, I made the mistake of handing it over to my dads car repair company. Now I owe my dad $1500(his guys installed a bunch of crap I didn’t need) which is all but $300 of my entire bank account. I wanted to buy a lot of cool stuff(welding supplies, car upgrades, fishing gear etc.) I want with my own money, but I’m trying to convince myself that I don’t really “need” those things. I have a minimum wage job and will probably earn this back in about 6 months. Any tips to help me realize this? +&#x200B; + +[ What is market cap? ](https://preview.redd.it/bztiv4ptb4771.jpg?width=1140&format=pjpg&auto=webp&s=d2bb8988ed39169b896b7906aed9496a0cbef603) + +# What is Market Cap? + +Market Cap is a metric that measures the relative value of a token/coin in the crypto market. Market Cap is calculated according to the following simple formula: + +**Market Cap = Current Coin/Token Price (Current Price) X Circulating Supply** + +For instance, if a coin is currently priced at $10 and its circulating supply is 3,000,000 tokens, its total market capitalization would be 10 x 3,000,000 = $30,000,000. + +A coin with a very small price, but with a very large circulating supply, can have a market capitalization value that is much higher than that of extremely high prices whose supply is too small. + +Therefore, this metric will be especially important in determining the size of a certain coin instead of relying on the current price that most new investors often apply. + +# What does it do for the investors? + +The market capitalization of a coin gives investors a relative view of the performance of these coins. + +We can divide the coins into 3 types: + +**Large-Cap:** These coins have a very large market cap (>1 billion USD) including the top of the largest cryptocurrencies today such as Bitcoin, Ethereum or Ripple. + +**Mid-Cap:** Medium market cap, lower than the above coins and typically range in capitalization from $100M to $1 billion + +**Small-Cap (Small Cap):** low market cap (<100M US$) + +You can view these indicators on major cryptocurrency reporting sites like CoinmarketCap or CoinGecko + +One of the important properties of Market Cap is that it is closely related to the price movements of that coin. More specifically, the larger the capitalization, the less volatility, and conversely, the smaller the cap, the stronger the price movement. + +&#x200B; + +[ What is the difference between Large - Cap Coin and Small-Cap Coin? ](https://preview.redd.it/r65cov2xb4771.png?width=800&format=png&auto=webp&s=56e595934a56e3818348841222f842401bbaa848) + + + +Therefore, new coins/tokens with small capitalization will often have the potential for a huge price increase, but with high risk. So investing in these coins/tokens can bring you great returns when x10 x100 times assets if at good times. Larger cap coins still have potential but can’t give you such a big reward! + +However, the value of the market cap is not a determining factor as it cannot give you a complete picture of the potential of a coin. Note that these are relative figures only. + +We BSCArmy always advise doing comprehensive research before investing in cryptocurrencies and taking into account all important considerations. Market capitalization as a statistic doesn’t tell you anything about actual trading volumes in the last few hours. As a result, it’s a good idea to check Coinmarketcap for a cryptocurrency’s 24-hour trading volume on several exchanges over a respectable time period. + +***Source:*** [https://bscarmy.com/what-is-market-cap/](https://bscarmy.com/what-is-market-cap/) +The barrage of positive TA and trends being posted prompted me to consider if the underlying conditions are truly the same the next time a bull run appears. In my mind, as good as the TA picture looks, there will be 2 distinct differences next time around. How much of an impact these differences have is to be determined: + +1) People will be taking profits this time around, probably to a fault. A common theme in the 2018 bear run is regret from not taking enough, or any, profits on the way up in 2017. People are being urged to have a concrete plan to take profits the next time, and may actually over compensate by selling more than they should, or actually want to. + +2) A lot of people are over invested or over leveraged, have taken heavy paper losses, and are just looking for a break even point to get out entirely. They will sell their entire position when their average cost hits. + +So, while the next bull run can absolutely surpass the previous ATHs, there is going to be enormous sell pressure on the way up as people panic to take profits this time around, or hit their DCA amount and cash out to break even. Any thoughts on what affect these might have on the next bull run? +If you go to the checkout page on Overstock you'll see an option to pay with Bitcoin! + +-edit- +For now it's only available on the U.S. checkout but I hear from reliable sources that they will roll it out to international after a bake in period. +What stocks do you feel are currently undervalued? + +Disney (DIS) has dipped recently and looks worthwhile now. Their financial statements, albeit back in 2020, look pretty decent and I can’t see anywhere why this has dropped so much +Hypothetically speaking... + +If someone were to invest in an asset (rather haphazardly & without much care) over a period of several years, and now that asset has risen in value 50-100x (a guestimate at best) and the owner wanted to liquidate the assets & take the gains, which are far beyond the CGT threshold but due to poor record keeping & constantly moving said assets between custodial wallets, resulting in an absolute clusterfuck of accounting, how is this best tackled? + +Can an average be taken, or purposefully go way over the top in taxes? + +I'm interested if anyone has been in this situation before, and yes, record keeping going forwards is meticulous, borderline anal... + +I guess if it's not possible, I can slowly draw down the pot keeping within the CGT threshold, but this will take many years & I do not expect the asset price to remain consistent. + +Thanks in advance & apologies if this question is better suited to the UKPF sub. +Is it a buy now, or does it have lower to go? As the tech and growth sell off continues is it worrying times for BG flagship trust? It’s now over 7% or so at a discount. Good time to top up? Once the market picks up we could see incredible gains. Zooming out on the 5 year chart the dip looks very enticing.. +I’m sick. I’m sick to death of it. ☠️ + +Just watching the news this morning from Canada, and Europe is experiencing a massive heat wave. It’s causing fires and drought already. Don’t need to look at our politicians to help — we have to help ourselves, obviously. Nothing if not that is abundantly clear. I just want fucking clean oceans, clean drinking water, abundant forests, animals not dying. + +I’m kinda fucking tired of seeing the planet suffer. I’m tired of being told that it’s on us to make environmental change. No I don’t agree with that (ofc keep recycling and be mindful etc). But Giant Corporations have been in control for far too long. Why do we sit idle as they privatize massive profits and make public their expenses? I guess I’m wrong. IT IS on us. + +This is a turning point for humanity. It’s eco-prosperity for all man/woman and animal, or utter annihilation. + +When they beg you to sell what will you do? YOU GET ONE, FUCKERS. ONE. + +Not financial advice +I have been in an okay situation for the last 2 or so years - not great, I have an okay paying job (for now) and still have student loans and a car loan, but I have emergency savings that will last me a few months. + +I come from a very poor upbringing - a single mother with 3 kids on low income everything. It's a rare moment to be proud of where you come from when you grow up poor. But today I went and picked up groceries for the next 3-4 weeks for my partner and I and spent less than 80$ - but I knew exactly how to do it. It was like being on autopilot. I grew up on rice, beans, and cottage cheese. If we were lucky and my mom got extra tips from waitressing or a new client (personal trainer during the day) we would have chicken or beef, then she would make a stock out of the remains and would make the best tortilla soup. She made everything last, stretched every dollar, and worked her a$$ off. + +Today I realized she taught me survival skills. Growing up poor is really hard in many ways. But it teaches you so many lessons on happiness, and survival, and how to prioritize your dollars when it matters most. For everyone that is going through hard times financially, you definitely are not alone. But if you can learn to live when you're in poverty, you can certainly learn to thrive when you are financially stable - and you WILL see the other side of this! + +Knowing how to cut out all unnecessary items out of your life is a skill that you only learn when you are forced to do it. Right now, I'm okay, but even the looming threat of job loss or furlough is enough to subconsciously enter survival mode. I am perfectly content with my rice, beans, and cottage cheese. It tastes like my childhood, and only costs $0.44 including spices per meal. + +Update: Wow! Sorry everyone! I turned off notifications on my phone during the pandemic so I’m not on it all the time. I’ll be replying to all of you shortly. + +Edit: Someone asked what I bought and thought it would be good to share - I eat MOSTLY vegetarian, and my partner is vegetarian so it makes it super easy to scrap meat, which is expensive. Here is what I bought: + +Eggs, 60 ct - $9.17 ($1.83/dozen) + +Stir Fry Frozen Veggie Mix , 5.5lbs - $9.79 ($1.78/lb) + +Onions, 3lbs. - $0.69 + +Flour tortillas, 2pkgs. - $2.56 + +Black beans, 10lbs. - $10.41 (1.04$/lb) + +Salsa, 2 jars. $3.38 + +Shredded cheese, 1lb. - $2.88 + +Rice, 10lbs. - $4.23 + +Tofu, 4 lbs - $5.39 ($1.34/lb) + +Apples, 3lbs. - $3.00 + +Bananas, - $2.00 + +Butter, 1lb. - $2.39 + +Oatmeal, 1 carton, - $2.39 + +2 pkg rice flakes (drunken noodle noodles) - $4.24 + +Fish sauce (large size) - $3.89 + +Brown Sugar, 2lb. - $1.32 + +Limes, 2lbs - $3.88 + +Oyster Sauce (lg) - $6.79 + +Cottage cheese, 2 24 oz - $3.38 + +Came out to 77.75$ - had a few coupons that applied at checkout that basically waived the tax! to be frank I have a lot of other ingredients at home (for example, soy sauce, salt, spices, pasta, cooking oils, polenta, pasta sauce bought on sale, frozen fruit and meat for me) but this will last us a very long time! I'm sure your Walmart will have a this stuff and priced around the same. I cook a LOT of Asian and Mexican dishes. + +To assemble the bowl of wonder in the title, cook rice as you see fit, and simmer beans with some bouillon (cheaper than store bought stock - I use Better than Bouillon No chicken Base, vegetarian gf limits my bone broth roots), an onion (diced), green bell peppers (diced), any spices you desire eor can geet your hands on, and jalapeno. Combine rice beans and cottage cheese in a bowl, put some hot sauce or whatever else you desire, enjoy! + +Be safe out there! +Mods: does DD tag apply? If not change it. + +I wrote this in response to someone elsewhere who asked simply: + +> So they're betting against the company? Like, they have no faith in them? Investing like this makes one feel horrible. + +Yeah. There are three ways you can short. + +--- + +1) You buy an option with a predetermined end date with the RIGHT to sell a stock at a certain price (depending on how much you want to pay determines the price.) If a stock is $10 and you expect it to drop to $5 in 6 months, you might buy a $9, 10 month expiry "put" (right to sell at price) option. This might cost you 50c per share. + +IF you're even slightly right, ie it drops to any price lower than $8.49 before expiry you made 1c per share. You can also change your mind and sell the option (either more (profit) or less (loss) than 50c/share). + +IF you're properly right, and it does drop to exactly $5 you make $3.5 per share. If it rises, or drops to any number above $8.50, you lose the price of the option (50c/share). + +--- + +2) You're a big player. You call your buddies at Pension Fund X42 and say "Hey can I borrow those shares you have for x% interest and return them to you later?" A set timeframe may be set. I don't know for sure, but probably. Anyhow, Pension Fund X42 says "ok" because they aren't looking to sell them, so might as well make some interest on lending them. + +So you borrow them, and immediately sell them. You pay your daily interest to the pension fund, and you wait. When the price drops, and you decide that you've made enough, you buy them back and return them. You keep the difference in prices whatever that may be, minus the interest. + +If you're wrong... You're still obliged to return the shares to Pension Fund X42. So at some point you have to decide to eat a loss and buy the shares back. + +--- + +3) You're a big player and you are ok with a bit of lawbreaking, you Naked Short Sell. This is great because it's cheaper! No interest payments! + +Here, you simply sell shares you don't have, and buy the imaginary shares you just created back later so that the number of shares on issue doesn't get too far out of whack and you don't get investigated. Any gap between your sell price and buy price is profit or loss depending on which way it goes. + +--- + +What's happened right now is mostly a combination of 2 and 3. I'm sure there is a bit of 1, but 1 only causes predictable losses (Like the cost of playing a hand at a casino. You only lose the amount you bet if the cards don't go your way.) + +So the risk with 2 and 3 is that because you're **obliged** to buy back the shares at some point, if they go up, when you have to quit, you have to pay the current market price and your actions can make the price go up even more. + +Now you're in a short squeeze. You are obliged to buy but the price keeps going up every time you do. It's entirely possible that others see the price going up and buy, so you're now competing to buy a limited number of shares with everyone else. So the price goes higher. Your losses are potentially infinite. + +--- + +**What's slightly different** between this particular short squeeze and all the others is: + +--- + +1) The dumb fucks naked short sold AT LEAST 40% more shares than ever existed. They're obliged to buy back more shares than is possible. The only way out of that self-made trap is a complicated mess of desperately buying, returning, rebuying from the people you borrowed them from, and returning them with losses at every step. Imagine if I sold you 10 cars, but only delivered 6. You're standing there with your wtf face and I say "Hey! how much would you sell those 4 cars for?" You can name your price at this point. I pay it. Then I "finish" my "10 car delivery." + +--- + +2) Retail traders are acting as one single semi-coordinated hive, loosely behaving similarly to what would in prior short squeezes, be a competitor hedge fund. They own a lot of the shares the hedge funds (HFs) NEED to buy - but they're not selling. They're actively cheering for the HFs bankruptcy while watching the price of the stock they hold skyrocket. Only other HF billionaires are allowed to do that and get away with it. + +. + +2a) HFs can be negotiated with. If you're really, really getting bent over and fucked, and you grovel enough, you can usually cut a deal where they stop trying to fuck you. If they won't talk to you, they'll often talk to your bank/broker/some other bigger player that can convince them that your bankruptcy will also cause significant losses or bankruptcy of another party they're not trying to fuck and they might like to have as friends one day. "You quit this, and we'll owe you one." It's always good to have favours to call. + +. + +2b) The self proclaimed retards on WSB can't be negotiated with. They don't need favours. They don't care if you go bankrupt or there's collateral damage. They don't give a fuck about any of them. For the most part they only hold a few hundred shares each max - and also for the most part, they're playing with their own money that they can actually afford to lose even if it hurts for a year or two. + +How do you negotiate with, or swat a million wasps stinging you? You can't. + +--- + +--- + +**Edit.** + +Thanks for all the awards guys! I'll soon have enough to make a Tiara and become your Яetard Prince for the day! I was actually expecting posts telling my how wrong I am. I only think I know what the fuck is going on most of the time and usually figure out later that it wasn't. + +I'd like to thank the academy, and my parents who never believed in me, and Scruffy, my first dog, who, like WSB, played chicken with truck, and, and, and... + +Also. + +I figure since this is so popular, I might as well nominate my suggestion for the inevitable u/deepfuckingvalue movie. It's fairly likely to be seen as a sequel to the Wolf of Wall St, so.... "The Fox/Foxes of Main Street" ? Yeah, nah? + + +Edit 2 **NOTE** + +**To all the people trying to PM me for advice: I have no fucking idea what WILL happen next. I just think I cobbled together enough of what HAS happened to explain it somewhat.** + +Ie: I'm more like a journalist. Would you ask a journalist for stock advice? (please don't answer yes...) + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Over the past few months I’ve been watching stocks fall and monitoring them just as everyone else. I tried to keep a large diversified portfolio and like most of the people my portfolio has been down like everyone else. Except that I’ve noticed that most of my positions are more down YTD than most of the global indexes like sp500 or DJIA. So I kept going over and over the companies and comparing their YTD to sp500 and almost all of them are down way more than the spy. + +Before I go on any further, I work in commodities so I don’t ever directly invest into commodities companies simply because I’m aware of the potential risks and volatility and I guess it makes it seem like a very tough position to trade due to high sensitivity of volatile markets. + +In any case, I wanted to get to the bottom of this seemingly disconnect between the average fall of most of the companies and the overall stock market. It was especially weird because the largest heavyweights are your apples amazons and facebooks. So I looked at the performance of [each individual component of SP500 on a YTD basis](https://www.slickcharts.com/sp500/performance). I knew that the oil and agricultural stocks have done well this year but the extent has been baffling. Going through the list I got spot 26 (25 actually due to 1st place glitch) before I could find any company that was up YTD that is not agricultural, commodity or oil related. And the pattern sticks. Out of the 127 companies still green YTD I believe about 90% are oil, agricultural or other commodities related companies, with a much higher skew in the top gainers. + +So you might ask yourself, so what? We all knew oil and agricultural are doing well this year, what does have to do with the market overall? Well, I keep seeing on a daily basis discussions and charts about how the market is “only” 20% down and if the history is a guide then there’s more pain to come. I mean could be, I’m not claiming to know the future, but what I am trying to say is that very unique market conditions are giving a wrong impression of the market. Unless you’re specifically invested in commodities, most of the companies you own are already down YTD what they would in a typical market crash (eg Amazon down over 40%). A market crash of 30-40% is quite standard and taking away the outlier of commodities we’re right around that mark. Nasdaq is closer to 30% and at this point it’s probably a more fairly accurate representation of the state of the market. Looking back at previous recessions (2007 and 2001) I cannot pick up a pattern of multi-trillion dollar industry enjoying an unprecedented level of success at a time of general pain and bear market I.e. I do not believe that the skewed market conditions are representative of normal market crashes. + +This is a working theory and I’m happy to have it critiqued and discussed +American: + +**American to slash domestic, international flights as coronavirus hurts demand** + +https://www.cnbc.com/2020/03/10/american-to-slash-domestic-international-flights-as-coronavirus-hurts-demand.html + +Delta: + +**Delta makes deep flight cuts as coronavirus hurts demand, CEO expects it to get worse** + +https://www.cnbc.com/2020/03/10/delta-makes-deep-flight-cuts-as-coronavirus-hurts-demand-ceo-expects-it-to-get-worse.html +Don't be doxxing citron or anyone else. That's bad ju-ju and the Tendieman won't come to visit you if you do. + +[Soon may the Tendieman come](https://www.reddit.com/r/wallstreetbets/comments/l0dfrp/the_tendieman_lyrics_and_video_by_uquigonshin/) + +[Previous thread at 100K comment limit](https://www.reddit.com/r/wallstreetbets/comments/l2ljpt/gmreeeeeeeeeeee_containment_thread_gme_shitposts) +So now that you have read the title and are like WTF let me explain!!! + +&#x200B; + +EDIT: At the top for tards, So the non stop comments of Shill and bullshit are really amazing, Read through some of them notice I said FLOOR in my title. That is the price that I personally need to have over a million cash that I can then live on forever. No where does it say that I am going to sell at that price, that's simply the price that once we PASS I don't have to stress anymore. Do I want to sell for 10mil or better? OF FUCKING COURSE. But ANYONE who says they know how far this will go is spreading fud. I didn't originally say anything about where I think the price may go. In January I though it could go as high as 5 or 10 k and I was set to start incrementally selling on the way UP starting around 1k. We got CONFIRMATION I was right on price targets from that one old crying fuck and I now we know for sure our math is right. Now we know the price will go higher than that, how high? NO IDEA, but I do believe passing 50k will be fast, like 2-3 days after start. How long will it last? No clue, week maybe? 2 weeks? I really don't believe anyone knows even shorts because nobody knows the others book, maybe that old crying fucker? Either way the hate is fucking real, I was just a bored ape on the weekend that made a post. Some people cant read a simple post and comprehend what floor means HOW THE FUCK DO THEY READ THE DD? +ALSO my exit strategy has changed SIMPLY BECAUSE THE MATH WAS RIGHT THE FIRST TIME. NOW I KNOW FOR SURE I CAN SELL ON THE WAY DOWN AND BE FINE. THATS THE POINT. THE CEILING DEPENDS ON THE SMALL APES. YOU DECIDE IF WE ALL RETIRE OR JUST SOME OF US. I simply wanted to give a different perspective because there is alot of fud and shills around here, and I'm more OG than 99% of you, I've been here since 38 bucks, and spent EVERY available dollar. Hell I even borrowed some money, that I paid back with options cash from January, I still have EVERY free dollar in this, and I add when I can. Also I have several xxx and xx family members and friends, my 70 year old dad has a low xx count. + +I have a High xxx number of shares, I have been in since 38 dollars in early January and I am still holding and adding more. And my floor is 2200... low as shit right I must be a fucking idiot. + +Well actually that's my retirement number. I am a single male with no dependents. I need about 1 million after taxes to be able to retire comfortably and live out my life on a 4k a month draw. THATS IT! That is all I personally need to live my life at my current rate and never EVER have to worry again. I don't care how much more than that I get. Sure I would love to be a billionaire but I don't need that. I've been poor my whole life, that does not phase me. + +I see all the time people posting how they are so appreciative that us larger holders will hold for the little guys. And I have to say, its not us holding for you. + +YOU ARE HOLDING FOR US, ALL OF YOU. X AND XX. YOU ARE THE ROCK THAT THIS CASTLE WILL BE BUILT ON. WITHOUT YOU THIS WOULD NOT HAPPEN. REMEMBER THAT. + +I could cash out at 2200 and sail my happy ass off into the distance never to look back on this shit life I've been living for 40 years. For me its easy to hold, when we cross 2k I'm set, when we cross 10k I'm a multi multi millionaire. If I was to sell, but I wont. I will hold and watch the numbers grow and grow. Laughing to myself as my brothers in arms make their gains.... KNOWING I DONT HAVE TO WORRY. + +Remember this will be easiest for the xxx and xxxx. We will be rich beyond our wildest dreams when we cross the LOW numbers. But we will hold, because UNLIKE the lower holders my floor doesn't need to be high to make what I need. But yours does, and I want ALL OF YOU to have your dreams fulfilled. I want to see our country and economy put back in check. I want to watch the world burn down around me. + +So cheers to all of you X and XX apes, even the low XXX that are the foundation on which we rest. To all of you we owe our thanks. And as I watch my fellow apes get off the rocket I will laugh and cheer, because I can COMFORTABLY. And I believe that this is the same for a ton of the larger holders, that's what's amazing about this community, WE ARE NOT GREEDY. I have no problem letting others exit the rocket at a price that makes them comfortable. I imagine that we will hit my floor on day one or two, After that I have possibly 2 full weeks of ENTERTAINMENT! + +&#x200B; + +P.S. If you voted, no mater the number of shares you are a hero. + +🚀🚀🚀🚀🚀 💎🤚 + +EDIT: Since alot of y'all failed reading comprehension my FLOOR is 2200, BECAUSE THATS ALL I NEED. BUT BE DAMN CERTAIN I WILL TRY TO SELL FOR THE HIGHEST NUMBER I CAN ON THE FUCKING WAY DOWN. +Hey Tards, been an interesting fortnight. + +&#x200B; + +Shits gone up, down and sideways on the Markets, the Bears are starting to get a little restless on the sub and the Olympics are in full sway................................ + +&#x200B; + +Look, to be honest I'm drawing a bit of a blank here, doing the fortnightly updates is getting a little challenging. Its always nice to keep you folks up to date, but I think its time to mix these **Update/Bet/Ban** posts up a little. + +&#x200B; + +Variety and the spice and all that.... + +&#x200B; + +So, for the next few months you'll see some different folks posting this little collection of degeneracy, users who have put in the hard yards over the last 18 months will be approached to punch out a single **guest spot** in the Bans post timeslot. + +&#x200B; + +*(Same rules still apply re: tagging* ***mods*** *for bets etc.. Our guest posters will be provided all the bets/links to put into their post..)* + +&#x200B; + +Stay tuned for installment number one next time round, our first guest user will be throwing down their version of this regularly scheduled program.......... + +&#x200B; + +&#x200B; + +**UPDATES** + +&#x200B; + +&#x200B; + +\- Shitload of good **DD**, legit discussions and even some Mr Squiggle posts, u/WowVeryJosh, u/Nevelo, u/tacomaster33, u/phlanoe, u/leapietope and many others have all provided solid contributions over the last fortnight. + +&#x200B; + +\- Shout out to u/MissCalculate who, in a flash of alcohol fueled creativity, has spawned the inaugural [R/ASX\_Bets Olympics](https://www.reddit.com/r/ASX_Bets/comments/oqr9ns/asx_bets_olympic_games/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/ChZakalwe has provided us with graphs and shit for an opinion piece on the sub, with the dissection [Part 1](https://www.reddit.com/r/ASX_Bets/comments/opy390/sub_dissection_a_crosspost_because_im_bat_shit/?utm_source=share&utm_medium=web2x&context=3) & [Part 2](https://www.reddit.com/r/ASX_Bets/comments/oqkpkb/sub_dissection_part_2_one_step_away_from_the_zoo/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- Congratulation to u/YourDadsHung and their first [Double bagger](https://www.reddit.com/r/ASX_Bets/comments/opw5b9/i_cured_my_autism_first_double_bagger_ever_sold/?utm_source=share&utm_medium=web2x&context=3). + +There is definitely a joke somewhere in here if you conflate the username and the post title, I just can't find it... + +&#x200B; + +\- There has been a good run of Shit-posting, u/Blisser_the_Sniff and their [heartwarming little shitpost](https://www.reddit.com/r/ASX_Bets/comments/op5zxk/barry_vs_ucatch10110/?utm_source=share&utm_medium=web2x&context=3), u/ewanelaborate and their [List shitpost](https://www.reddit.com/r/ASX_Bets/comments/op0o54/the_list/?utm_source=share&utm_medium=web2x&context=3), u/Nevelo and the [Drop-Bear shitpost](https://www.reddit.com/r/ASX_Bets/comments/onx2fe/market_drop_bear_has_had_a_taste_of_your_greens/?utm_source=share&utm_medium=web2x&context=3) plus a bunch of others. + +&#x200B; + +\- u/EvilDanish96 created a [stonk analysis spreadsheet](https://www.reddit.com/r/ASX_Bets/comments/onu31n/stock_analysis_spreadsheet_w_international_support/?utm_source=share&utm_medium=web2x&context=3) for y'all. + +&#x200B; + +\- u/GeoSciFi provided the group with a coping/therapy/confession thread on [Everyone's worst Dogs](https://www.reddit.com/r/ASX_Bets/comments/onrwoh/whats_everyones_worst_performing_stonk_as_of/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/Mutated_Cunt has produced the next edition of their [Next Investors exposure series](https://www.reddit.com/r/ASX_Bets/comments/ol9exx/a_cuntitative_analysis_of_the_next/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +&#x200B; + +**NEW BETS** + +&#x200B; + +&#x200B; + +\- u/Banana_CS has dipped their **TOE** in the betting circle, claiming that the afore mentioned ticker will [Touch 10c](https://www.reddit.com/r/ASX_Bets/comments/otn4ot/why_you_should_dip_your_toe_into_toro_energy/?utm_source=share&utm_medium=web2x&context=3) prior to Christmas or its a year in exile. + +&#x200B; + +\- u/ChalkyAus says the good ship **LKE**\-tard makes a market sensitive announcement before August 10th or they will take a [Fortnight off](https://www.reddit.com/r/ASX_Bets/comments/osy9zy/market_open_thread_for_general_trading_and_plans/h6skxyq?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/Mutated_Cunt will take a [2 week ban](https://www.reddit.com/r/ASX_Bets/comments/opq5wb/market_open_thread_for_general_trading_and_plans/h67igcu?utm_source=share&utm_medium=web2x&context=3) if **AJX** doesn't announce a Cap Raise before **Sept 3rd.** + +&#x200B; + +\- u/Apotheosis will take a [1 month ban](https://www.reddit.com/r/ASX_Bets/comments/ojzob5/premarket_thread_for_general_trading_and_plans/h55lslt?utm_source=share&utm_medium=web2x&context=3) id the **FMG** dividend is below **$2.10** + +&#x200B; + +\- [*u/reecej\_nz*](https://www.reddit.com/u/reecej_nz/) *and* [*u/cheebaihai*](https://www.reddit.com/u/cheebaihai/) had a long term bet running with [*The JXT price on July 31st.*](https://www.reddit.com/r/ASX_Bets/comments/lf7455/daily_thread_for_general_trading_and_plans_for/gn1ab54?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/cheebaihai upped the ante on the above bet too, claiming that if the lost they will [shove a gummy bear up their nose with a shot of Gin](https://www.reddit.com/r/ASX_Bets/comments/nvi5wu/market_open_thread_for_general_trading_and_plans/h13nvdc?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- Another ~~victim~~ punter has hopped aboard the **IVZ** express, u/Mast3rfinish25 coming in with a bet that it will [Touch 30c](https://www.reddit.com/r/ASX_Bets/comments/nx1kwt/ivz_30c_by_end_of_july_or_3_month_ban_putting_my/?utm_source=share&utm_medium=web2x&context=3) before July 30th or its a month in r/ASX_banned. + +&#x200B; + +\- u/Prosciuttoz bet the ASX would [finish green](https://www.reddit.com/r/ASX_Bets/comments/on9k55/premarket_thread_for_general_trading_and_plans/h5r1m6h?utm_source=share&utm_medium=web2x&context=3) earning themselves a week in ban land + +&#x200B; + +\- u/ChalkyAus bet **LKE** will have touched $1 by Australia Day 2022 or they'll mow the lawn of another member [within Bris-vegas city council](https://www.reddit.com/r/ASX_Bets/comments/onxncw/premarket_thread_for_general_trading_and_plans/h5x9sum?utm_source=share&utm_medium=web2x&context=3) with a backup [donation](https://www.reddit.com/r/ASX_Bets/comments/onxncw/premarket_thread_for_general_trading_and_plans/h5xdiqw?utm_source=share&utm_medium=web2x&context=3) if nobody wants to tell some random from the internet where they live. + +&#x200B; + +\- u/SunkDestroyer successfully bet a month's ban **LKE** would [finish green](https://www.reddit.com/r/ASX_Bets/comments/op25b3/market_open_thread_for_general_trading_and_plans/h62je5t?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/SunkDestroyer tried to go 2 for 2 again betting **LKE** to be green, [however failing](https://www.reddit.com/r/ASX_Bets/comments/op9dz2/premarket_thread_for_general_trading_and_plans/h66sq92?utm_source=share&utm_medium=web2x&context=3), resulting in a 2 month time out. + +&#x200B; + +\- u/itsdankreddit is at it again, this time betting that RNT will touch 14c by Friday or [its a week in Plucky land](https://www.reddit.com/r/ASX_Bets/comments/or7juf/premarket_thread_for_general_trading_and_plans/h6is2j3?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +&#x200B; + +**BANS** + +&#x200B; + +&#x200B; + +\- u/Catch-10110 engaged in an [epic battle](https://www.reddit.com/r/ASX_Bets/comments/oom5vd/premarket_thread_for_general_trading_and_plans/h5zfnjz?utm_source=share&utm_medium=web2x&context=3) against the use of the term Barry. + +Barry won the day resulting in a 9-week absence. + +&#x200B; + +\- All the bans from [Last Time](https://www.reddit.com/r/ASX_Bets/comments/okyum2/post_purge_blues_coward_fucks_and_a_bet_with_a/?utm_source=share&utm_medium=web2x&context=3) have been handed out. + +&#x200B; + +\- u/kooksy_monster has requested a [self imposed exile](https://www.reddit.com/r/ASX_Bets/comments/otedu6/delegate_to_me_ya_dirtiest_ban_mods_monster_is/?utm_source=share&utm_medium=web2x&context=3). + +We will miss the original dole bludger but fear not, I have a feeling you'll see them return to glory... + +&#x200B; + +\- u/thefootofleonidas has also requested self imposed exile. Something about breaking the addiction... + +&#x200B; + +\- A bunch of the retards above lost their bets, their all banned too...... + +&#x200B; + +**TLDR** + +&#x200B; + +Η επόμενη απαγόρευση ανάρτησης ανήκει στο μεγάλο βόειο κρέας +EDIT: I didn't mention that I am a student, earning 1700$/month after tax just because of high scholarship levels and support for students in Country B + +Hi, + +I would just like to get an opinion on how people would interpret such behavior and is it considered selfish? + +I was born in poor European country A: Avg income 800USD/month;Avg wealth 20k USD.I went to study to Rich European Country B, that has a very high equallity: High tax payers in rich country allow the government to provide free education and pay 800USD/month scholarships for students plus around 900USD as a part time employee. Country B has a high equallity, therefore advancing in career does not lead to salary increase. Therefore, my plan is to move to english-speaking country C (UK/USA), where equallity levels are lower and earn higher incomes there. If my life would allow me, i'd like to retire back in cheap country where i was born. + +Sometimes i feel like i am a rat - i move into a country that is suited for lower income people, use its benefits and then move to a country which is suitable for higher income people, and use it to my advantage and move to a country with low purchasing power. + +TL;DR: Born in poor country - use benefits of rich country with high equallity levels, navigate it to rich country with low inequallity levels, go back to retire back to your poor country.EDIT 2: Thanks everyone for the answers, I am very happy to get everyone's insights regarding this situation. I am now more confident about the ethics of the situation, however I still feel like I am robbing country B - it's just that everything is legal and everyone knows about it. Hope this post might give some answers for anyone in similar situation. +There’s always a lot of talk about making “side money”, but often this requires some sort of upfront investment. Not everyone has money lying around like that. + +So what are some ideas you have that can earn spare cash without having to shell out any money to get started? +Sup apes + +not financial advice, I am retarded. + +aaaaaaaa finally a big green day. Full disclaimer I'm off an hour of sleep cause I spent the day of planes flying home. However, I guess when I fly GME flies with me. It waves to me. + +No GME didn't run because I was flying lol, but I've got some interesting levels to go over as well as my general thoughts leading into the rest of the week. + +&#x200B; + +https://preview.redd.it/ogdu8ykznej71.png?width=885&format=png&auto=webp&s=f6cb3e0d73f8eb1bbbf5b71c2bb9268b0585387c + +I'm exhausted so I'll try to keep this as digestible as possible, as I know my shit is pretty confusing to those that don't trade fibs/EW. + +would it really be a u/possibly6 post without a hype song? no. no it would not. I gotchu: [https://open.spotify.com/track/0d28khcov6AiegSCpG5TuT?si=f9876e849e524e0e](https://open.spotify.com/track/0d28khcov6AiegSCpG5TuT?si=f9876e849e524e0e) + +Before we begin, can you guess what wave today was? + +no, again, not wave 69, but nice guess. + +3 baby. + +From our low a few weeks ago at 145, this marked the low of a wave 2, but you know this already. + +For simplicity, just view my count: + +https://preview.redd.it/vtgep7vjoej71.png?width=2828&format=png&auto=webp&s=0edb386fc06239304715aa2f4b54941fc4b1db7d + +Basically, lower high and higher low each run has given us the wave setup of a lifetime, the elliott wave tsunami, a 3 of 3 of 3, face ripping, tear shedding gloriousness. + +Today was the start. + +let's zoom in. + +https://preview.redd.it/lqred8htoej71.png?width=2832&format=png&auto=webp&s=b16263ee5b3db62140f9a19fd12c3f4798f5446f + +our low last week (outlined in previous DD, we hit the 1.618 extension of a:c at 151, marking our wave 2 low (on a smaller scale, count in pink) + +thus, after 2 comes 3. how many times have you heard me say wave 3 is the best? + +too many. + +well, today should have you convinced. + +But it get's better. Refer to my total count above, and you'll see the largest degree (orange) is in a wave 3, the red within the orange is in a wave 3, and the yellow within the orange started a wave 3 when we bottomed at 145. + +To keep it simple, the majjoorr levels to watch for at the moment are 288, 376, and 520. I don't necessarily expect this tomorrow, but let's break it down. + +the 288 target is my wave 1 target within the yellow count. 1 of 5. after hitting this level I expect a sharp decline to form the wave 2 within the yellow count, then an insane rip from that low to complete a wave 3 within the yellow count. I'll dedicate a post to this later because we aren't quite there yet, we gotta hit our 288 level first to narrow our targets (complete the wave 1 within the yellow count, could go higher could go lower, but a sharp decline is expected after the completion) + +https://preview.redd.it/e3mmf81epej71.png?width=2830&format=png&auto=webp&s=3dabc8ecd2a1a50c275f7dfaaaf4d872f933f41f + +Let's look intraday/hourly now. Before we do that, huge shoutout to [twitter](https://twitter.com/gavinmayreal) gang, I had a blast calling out targets in real time and getting hype with everyone. If you do follow me, this will sort of be a repeat of the nonsense I was tweeting today, just explained more in depth. + +I encourage you to check it out nonetheless, I could care less about twitter "clout" or followers, but I was calling targets out all day and giving my insight, which was pretty much spot on today. + +Also, just to be clear, it is MUCH easier to predict impulsive (up) moves than corrections (down), I've probably said this before but it does instill more confidence in my analysis. + +intraday view: + +&#x200B; + +https://preview.redd.it/5ii9ok9wqej71.png?width=2804&format=png&auto=webp&s=cb9ad23e94f24474115ea1e246d91687f0299c3d + +lots of fakeouts! this was super fun to analyze in the moment. Basically, I measured the length of the (pink) wave 1 and brought it down to the low of 2 to display the targets. Most common wave 3 ratios are **1:1**, 1.236, 1.382, **1.618** (in bold are most common, not bold less common but still happen). We rejected basically every level as I was watching the tick chart, but pushed right above shortly after. This likely shook out day traders (Fuck you if this is you). + +If a wave 3 breaks above the 1.618 extension ratio, you can assume there's a loooooot more left in the move. Low and behold, we broke above and our next target came to 215 (2.618 extension) + +In the 15m view above, we closed below the extension level (I noted the 3.326 extension was next level to watch at 231, didn't quite make it there which was a potential cue that the wave 3 had ended). failure to hold above the level is often a sign that downside is coming, but nothing is ever 100%. + +First, I'll lay out the (very very) short term bear case. after making our 226 high, we dropped but retraced UP to the .618 level. This is most common in zig zags, wherein we will correct, retrace .618 of the corrective move, than extend an equal length of the first corrective leg (a=c, b=.618a) + +side note, i probably sound insane with all these ratios lol. sorry not sorry, all the best artists are at least a little mentally deranged ;) + +essentially, the short term bear case would look like this: + +https://preview.redd.it/3uiyvpfssej71.png?width=2094&format=png&auto=webp&s=1b20d32fe8abcff1c63ccb40d9e6a170053fe923 + +rest assured! this would just complete a wave 4, meaning we have 1 leg up before we can expect some sort of corrective action. + +basically this view expects a 191 low tmr than continue to upside. + +I only presented bear case first because its easier to explain. Bull case would be that the "abc" visualized above is actually going to be an ABCDE (think bull flag or triangle), wherein we will break above 250 tmr or thursday. + +I'm gonna be honest, I have no fucking idea, but let's tie this wave analysis back to a post I wrote a few weeks ago going over the algo cycle on a super basic level. + +TLDR of that post: "If the cycle replicates itself the way it has the last 2 times, we can expect a move up of about 10-20 points in the near future, followed by 5 ish days of boring consolidation before really ramping it up. 288 is first major rejection target, but this is all pre squeeze. hodling for 40 milly a share and prison 🚀" + + +You could argue today was the equivalent to our february move up/may move up (in may to 180 area). Based solely off this, I would expect to retrace to the downside (191 area) and slowly climb up for a few days, then fucking explode 3-5 days after the low is in. + +again, I have no fucking idea, just speculation. + +I actually made a video overview a few days ago going over what I just talked about above, if [Video ](https://www.youtube.com/watch?v=A1rRM4HKv8Y) analysis is you thing, you can check it out (I think it will help tremendously with understanding my analysis) + +https://preview.redd.it/ti7686vexej71.png?width=2422&format=png&auto=webp&s=e92777439bb3b4437bf70c88a7cc2aec617573bd + +I think that about covers it, I'm jacked to infinity with today's move and couldn't be more excited for the weeks ahead. If the (short term) bear interpretation is correct, it may be your last chance for shares under 200 ;) + +TLDR: honestly I have no idea I'm so tired, today was a wave 3, much more room to go in this cycle. Possible it's the equivalent to the previous to cycles illustrated above. 191 is low target if we retrace tomorrow. 288 first major target, followed by 376 and 520. 40 milly a share or bust 🚀 +Should I put most of my investment money into index funds inside a Roth and keep a little outside to invest/gamble in stocks, or should it be more balanced? +He and his Mom have been in business for 20+ years combined, and he's willing to go 50/50 in the down payment (\~150K mortgage at 15%, 80k in renovations) with me to prove it works. To be honest, I haven't done much research in what to look for and possible red flags in deals like this, but basically they buy the house cheap (they find one out of hundreds that meet certain criteria), do \~60-80k in renovations, then sell it for a profit. The past ones they've done have all turned 60-200k in profits. + +&#x200B; + +So to you experts, what sort of red flags should I look for in a system like this? I'm attending their seminar soonish, so I'm going to do more reading personally, but I just wanted some immediate advice to keep in mind. +I have QQQ, ARKK, AMZN, AAPL, GOOG, MSFT. Worked great last year, not great this first quarter. My broker suggested small cap ETF. If you are were going to adjust porfolio and leave it for next four years, what would you do? Thank you. +https://www.cnbc.com/2020/03/03/robinhood-users-lash-out-on-twitter-as-outage-keeps-them-on-sidelines.html + +Hundreds of angry Robinhood users took to Twitter and Reddit to blast the start-up after a technical outage kept users from trading Monday. + +Some threatened to leave the platform, while others called for a class-action lawsuit. + +The start-up is likely protected from a legal stand-point. But analysts wonder about the damage to the start-up’s reputation, and unwanted attention from regulators. +[Original Post ](https://www.reddit.com/r/personalfinance/comments/dlh0rf/husband_and_i_have_a_lot_to_address_does/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I wanted to give a bit of an update on my post from last week, mostly as a GIANT thank you to those who commented! It’s really hard to get into a bad spot in your marriage. It gets harder when the two of you fall into the unhealthy coping mechanisms trap. When it leads to near financial ruin it’s terrifying and it’s really hard to get past the embarrassment and shame and ask for help. Getting some feedback and basic advice probably turned this thing around. + + +It hasn’t been a perfect execution by any means but a few things have happened. + + +I had to work through some crippling anxiety every day to face this. Some days I could knock out ten things on the to-do list and some days I could manage only two. I had to just give myself a pat on the back for whatever number it was and acknowledge forward progress. + + +The borrower assistance application I had filled out was actually approved! The nearly two months we were behind can be paid back over the course of six months in addition to our regular mortgage payment. Not easy, but what a relief to have possible foreclosure taken off our plate. + + +After the realization that I was paying all the wrong things first (thanks to you all) I opened a new checking account to stop all the auto drafts that were bleeding us dry (especially the payday loans). Housing, transportation and food will now be first priority. If credit cards and payday loans have to threaten collections that will just have to happen. We can pay them back soon enough. + + +After making the call to the state about our back taxes, we were only under the threat of having our next return taken, NOT garnishment of our wages. This is a giant relief and we only need to make a $60/month payment until we can get to paying it off. + + +I went back into my EveryDollar software and categorized somewhere around 400 transactions to catch us up, give us a better picture of our deficit and move forward using the Ramsey plan. + + +We talked with the lender about the higher interest installment loan that includes my husband’s truck and they will allow a half payment this month and let us skip next month entirely. + + +I hope to have calls/letters out to all lenders and others we owe this week to negotiate payment/possibly delay collection actions. + + +I have a few options for part time jobs in the works and hopefully can get started in the next few weeks. My husband is really dragging his feet on this one but I cannot just let him drop it. It has to happen. + + +We are looking at our EAP plans through work for counseling options. Due to my medical issues earlier in the year I have used my entire deductible and can possibly get no cost/very low cost counseling. + + +Nothing is by any means close to perfect and I’m not 100% sure how to get groceries or pay the cell phone bill this month but I can figure something out. + + +Thank you so much for your help and the time you took to share your input and suggestions. The comments just offering support helped immensely as well. I’m very grateful. I was very alone and very scared. Posting here at least got me to take steps in the right direction. + + +Most messes in life are very hard...but a financial mess is absolutely devastating, stressful beyond belief and terrifying. It’s hard not to feel like an utter failure. I was really good at this game for awhile. I can do it again. Thank you. +Hello Everyone! Split dividend day!! + +Ape help ape. + +Howdy all! I've been immensely happy for the good reception this has been getting, and for all the people helping in their needs. I'm just so happy for that. Now just like I always ask, is everyone holding up okay? Still very much turbulence in the world right now, as well as personally for some. Alot of people have been having things rough. It's okay to take a breather! In, out! Ahhhhh! + + +Today's the day! No not Christmas or your birthday, Splividend day! After two weeks of DRS transfers out the wazoo, and people locking in shares, the split dividend has finally arrived. Apes woke up to find their holdings increased by four in most brokers, with some still processing the split dividend. It's a very exciting day indeed, and I know you don't need me to tell you that. It'll be fun to watch brokers scramble to find splividend shares to give to the rightful hodlers, and what happens in the aftermath of all this. You know the motto, buy hodl DRS! Not financial advice! + +Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright **saying you sold** (true or not) is not the best to post and **WILL be considered FUD.** No fud please. Basically not spreading of fud and not talking of selling and you'll be good. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at posting things like official charity links and gofundmes, at least here in the comments. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone. + +As for the critics, not everyone who's struggling is over leveraged. Alot can change in a year or even just a few months, and you just never know what people are truly going through. Also many people who have no idea what's happening with GME currently are feeling the effects of the state of the economy right now. A little compassion never hurts 😄. + +Cheers everyone 🍻, and hope everyone has an awesome weekend 😊. + +Use your gut and ape help ape! WAGMI. And remember, Power to the Players 🥢! DRS! 🦍❤️ + Stay cool! Love everyone. +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +This is not financial advice. + +I don’t speak for any other apes, but I’ve been here for 9 months and have been paying close attention to the emotions of the community. All of us like the stock. We believe it’s going to go up in value and so we put up our own money and take that risk. I first got in in January at over $400 hoping to make a few bucks. And then the buy button was taken away. I don’t know fuck about shit, but I do know a cheater when I see one, and at that moment, when they flipped the stock market upside down and changed the rules in the middle of the game like some narcissistic 3rd grader getting his ass kicked at kickball, I knew someone was fukd. I just didn’t know who, and couldn’t comprehend how bad. + +I’ve been lurking here every single day since. And I won’t repeat the DD or point to the breadcrumbs of manipulation uncovered weekly by other great apes. But I’ve read it all. And, if you’re the kind of person who thinks we should all have a level playing field, it’s not good. From top to bottom, I’ve lost all faith in our financial system. So, what started as me purchasing a piece of capital in a business I heard was going to do great things morphed into some other raging beast of truth. + +Based on the community posts I’ve read in the last three-quarters of a year it is easy for me to conclude that many of us are at or near the bottom rungs of the social and economic ladders. Myself included. And now I’ve had a front row seat as the curtain has been pulled back to reveal a system so utterly stacked against the common person it is almost unbelievable. Appalling. Sickening. Eye-opening. I have been used by the elite to power their giant dildo machine, ramming it up my own ass for decades, and now my body is being ground up to lubricate its gears while the next generation grows up in the same matrix, fueling the instrument of their own demise. + +By chance, will, or divine intervention I’m now in possession of something they need, the same as all of you. Through their tricks and manipulations and media lies, they tried to get us to sell them back cheaply out of manufactured desperation. But they didn’t understand that desperation isn’t a passing storm for us. It doesn’t make us panic. It is a heavy smog that hangs over the light of our days. It chokes our lungs and stings our eyes, and we’ve lived in it our entire lives. We were locked in a cage with them, cowering the hours away, but they got too greedy and we figured out the key is hanging around our neck. Now, they’re locked in here *with us.* + +How bad is it? 200% SI? 1000%? I don’t know. But I do know if they want out of this HELL IN A SELL, they’re going to have to get down on their knees in the gravel and beg because I’d rather let this whole mother fucker burn to the ground and live like wolves than keep up this cancerous facade. I like the stock. + +THIS IS GMERICA. +If you have tax related questions about your investment you can post it in this thread and I would try to provide some informations. (I cannot guarantee how much time I can dedicate so I will focus on the first 5 questions. If there are more demands and I have more capacities later I will post a new thread to continue) +I received an email from credit karma alerting me that I have a new account and my credit score had dropped significantly. +When I logged into my account I found that a $10,000 personal loan was taken out in my name and my score had dropped by about 20 points. +I know I have to freeze my credit as well as call and dispute the loan, but how do I ensure this doesn’t happen again? + +Edit: Thank you all so much! I can’t get back to everyone,you’ve all been so helpful and given me great advice! I have frozen my credit, called the credit establishment that authorized the loan, I’m making a police report now, and I’ve signed up for life lock. I appreciate each and every one of you! + +Another edit: some people say life lock is a joke some people say it’s a god sent. If it’s unhelpful can I get rid of it? I’ll look through the terms and conditions but if anyone has a quick answer for me that’s be fantastic. + +God damn another edit: Just found out life lock is associated with equifax, this makes me uneasy. I don’t have time to withdraw from life lock right now but I plan to (if I can, I still don’t know) +Hi there, looking for some advice around buying a home in the current housing market. We are first home buyers (and completely unfamiliar with the process) and interested in a property in Melbourne's inner west. The house was scheduled for auction early December, but the owners decided to postpone the auction to end of Feb (officially because it takes a lot longer for people to organise loan (pre-)approvals at the moment). + +We would like to place a private offer. With the house prices trending downwards, how do we determine the right offer? What happens after we place an offer? + +And is it really a lot more difficult for first home buyers to get their loan approved at the moment? We have enough in savings to cover a 20% deposit. + +Thank you for your advice, much appreciated. +I will get a tattoo of the internet's choosing on my thigh. I beg of you to be kind, I am a family man in warm weather. We wouldn't be where we are without shorts and u/ deepfuckingvalue's knowledge from the future (didn't want to ping, don't want to disturb a legend), and Cohen piloting the rocket. Let's keep this Gamestop/MOASS related. + +I am willing to proof or ban, as is tradition. But as a result we need to define some things. How will we know it has begun and it is not just another run-up? Either it spikes immediately, or it starts slowly and so perhaps after 30 days we can confirm it has begun by sustaining a price in excess of previous all time high. + +If top comment is in truly bad taste, with mods permission, I would like to retain the right to pass to second top comment but this is only reserved for truly heinous shit, I know what you sick fucks cheer. + +Ape be kind to ape, don't fuck me up lol, I'm taking a risk here and it's my first tattoo. I think it begins on the fifth of November and this is my bet. + +Fucking obviously I'm cognitively impaired so if you truly consider this financial advice, you likely have a difficult life ahead of you. + +💎👐 + +Edit: Also, as a result of the countless hours of reading other, much smarter people's research on Reddit and elsewhere, I've concluded that I really like the stock 👍 and I like Computershare 👍 DRS 👍 +Still not financial advice. + +Edit again by popular demand: +https://www.reddit.com/r/Superstonk/comments/qh21n4/906030_was_a_great_way_to_predict_yesterdays/hia9hnh?utm_medium=android_app&utm_source=share&context=3 + +Some of the source of the hype. +Hey guys, just thought I’d put something in here about how you should prioritise your emergency savings. I’ve had a personal issue come up and it’s practically wiped out my emergency savings account and then some, I have twenty dollars to last two weeks for food and everything. But you wanna know what I’d have if I didn’t plan ahead? Fucking 0, I’d be so far up shit creek the paddle wouldn’t move. To all the young people on here asking about whether you should invest, really prioritise your back up plans first. Don’t think oh it won’t happen to me I’m young, I’m 23 and my savings hve been wiped out. +**TL;DR: 1D bounced off the bottom Bollinger band today which has resulted in an upside reversal 100% of the time since JAN 2020.** + +**1W simultaneously bounced off of the middle Bollinger band today which has resulted in HUGE upside 100% of the time since JULY 2020.** + +**1D and 1W bouncing off of their respective bands simultaneously like today has resulted in MASSIVE upside 100% of the time since AUG 2020 and has been what kicked off the 3 big sneezes this year.** + +**Bottom Bollinger Band Banana Bounce** *~~(bitch)~~* + +As you can see below, every time a 1D candle touches down on the bottom Bollinger band like a little ape filled moon-rover, there is a nice trend reversal to the upside. Also of note is that this Bollinger bounce historically happens simultaneously with a bounce off of the very strong RSI support level of 42. + +&#x200B; + +[GME 1D Chart](https://preview.redd.it/qn98p0m733a71.jpg?width=5187&format=pjpg&auto=webp&s=61a2744ea9c6d41b460e43fe7f442e62e672dfd5) + +What you may notice off the bat is that **BOUNCE 1** on 4/13 resulted in a limp (but still nice) reversal to a tame upside of *42.42%* ( Low of $132 to High of $188) while **BOUNCE 2** on 5/11 resulted in a strong reversal to an upside of *152.49%* (Low of 136.50 to High of 344.66). + +**What does that mean for today’s BOUNCE 3?** + +If we were to overlay the current downtrend we have been in since the 6/10 $350 test flash crash onto the very similar 3/15 $350 test flash crash you may hear the FUD whisper in your ear that we are surely going to repeat BOUNCE 1’s weaker reversal given that the charts line up BOUNCE 1 and BOUNCE 3 almost identically. + +Well, direct your confirmation-fiending chimp eyeballs to the 1W chart below. + +&#x200B; + +[GME 1W Chart](https://preview.redd.it/icwkg3xa33a71.jpg?width=8000&format=pjpg&auto=webp&s=6788ed066f3e6439c804dbf0e92719266cbe4b84) + +As you can see the 1W chart left the bottom Bollinger band on earth long ago, not to return until achieving contact with extraterrestrials. As opposed to the 1D bouncing off the bottom band, the 1W bounces off the middle Bollinger band before historically blasting into 4 weeks of beautiful atmosphere-testing upside until meeting the $350 *"resistance"* shown in red. + +If you look at the 1D BOUNCE 1 that had a weaker upside you can see that it did not coincide with a simultaneous 1W BOUNCE indicating there was likely more downside to come before another joy ride in the moon-rover. However, 1D BOUNCE 2 lines up exactly with 1W BOUNCE 2 which resulted in 4 weeks of massive steady run up. + +Even if your brain is polished smooth and shiny like a fucking marble I trust that you can see that today’s 1D BOUNCE 3 lines up exactly with the 1W BOUNCE 3 and what that may implicate. + +**Disclaimer: This is not financial advice I typed this with my feet because my hands are solid diamonds.** + +**TITLE EDIT: Retest\* not Restest, fuck.** + +**EDIT 2: Fixed image links thank you for your patience in this trying time.** +It's happened again. This sub is continuously saying no dates and yet earnings call has been hyped. I for one am not hyped and know that given the previous hyped dates have all failed to cause a squeeze that this one is likely to be the same. It'll happen when it happens. + +&#x200B; + +Prepare yourself. Don't get hyped. +Hello fellow apes, + +&#x200B; + +OCC (Office of Comptroller of Currency) released their new report on the 16/09/2021. + +[Quarterly Report on Bank Trading and Derivatives Activities](https://occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr2-2021.pdf) + +&#x200B; + +Exact TL;DR; from OCC: + +>The Office of the Comptroller of the Currency (OCC) reported trading revenue of U.S. commercial banks and savings associations of $8.1 billion in the second quarter of 2021. The second quarter trading revenue was $2.4 billion, or 22.9 percent, less than the previous quarter. +> +>In the report, *Quarterly Report on Bank Trading and Derivatives Activities*, the OCC noted that trading revenue in second quarter 2021 decreased by 40.9 percent compared with the $13.6 billion reported in second quarter 2020. +> +>The OCC reported that: + +* while four large banks held 88.7 percent of the total banking industry notional amount of derivatives, a total of 1,372 insured U.S. national and state commercial banks and savings associations held derivatives at the end of second quarter 2021. +* derivative contracts remained concentrated in interest rate products, which represented 72.6 percent of total derivative notional amounts. +* the percentage of **centrally cleared derivatives transactions increased quarter-over-quarter** to 39.5 percent in second quarter 2021. + +&#x200B; + +Cleared transaction definition: + +>is the procedure by which financial trades settle; that is, the correct and timely transfer of funds to the seller and [securities](https://www.investopedia.com/terms/s/security.asp) to the buyer. + +&#x200B; + +So, it looks like 40% of all derivatives in Q2-2021 was set to be settled. That's pretty significant. + +&#x200B; + +It looks like the banks have it well in the Q2 with only $441B of Credit Exposure, compared to peak of 2008 of $804B. + +[Net Current Credit Exposure \($B\)](https://preview.redd.it/xmyapr4t02p71.png?width=1496&format=png&auto=webp&s=caa46494f9c893d60247eb124c28342a52bc84ab) + +>Collateral held against hedge fund exposures increased in the second quarter +to 514.0 percent. Bank exposures to hedge funds are secured because banks take initial margin +on transactions with hedge funds, in addition to fully securing any current credit exposure. +Collateral coverage of corporate and sovereign exposures is much less than coverage of financial +institutions and hedge funds. + +No bank will mis-allocate any money, but having an increase to 514% against hedge fund exposure just proves how much the hedge funds have been gambling. + +&#x200B; + +[Fair Value Collateral \(&#37;\)](https://preview.redd.it/bc69ifsc12p71.png?width=1558&format=png&auto=webp&s=6d27e2be3065e18205e50c0d8189986ba93ba197) + +Banks increased their Hedge funds collateral exposure by 24% QoQ. + +&#x200B; + +[Value-at-Risk \($MM\)](https://preview.redd.it/yf210pk6z1p71.png?width=1502&format=png&auto=webp&s=9ab30725726e36f3ac707b8016b4d54ec9a3c6bd) + +So, JPM Chase, has halved their assets for VaR, however other banks have it increased significantly - GS taking the top position as usual. + +&#x200B; + +Now, to the metrics themselves. + +[Derivatives Notional Amounts](https://preview.redd.it/9mwex3kv12p71.png?width=1550&format=png&auto=webp&s=016be0512f24dedc2bf9987a4a8c7184e96e90a6) + +Looks like QoQ, the banks have decided to reduce their exposure by 2.9% on derivatives (or $5.5T). + +[Credit Derivatives Composition \($B\)](https://preview.redd.it/ltdnfas222p71.png?width=1526&format=png&auto=webp&s=32f8c43c79c632d3aa463e7d6a36595afb94a756) + +The notional amounts of credit derivatives decreased $255.0 billion (7.6 percent), to $3.1 trillion, +in the second quarter of 2021. + +But, holy shit - I think we were right on the TRS. + +[Derivatives Contracts by Product](https://preview.redd.it/dx8vqw2l22p71.png?width=2338&format=png&auto=webp&s=b00a0edaf912ab34cd97a83993928774be98bdab) + +There is an increase of Total Swaps from Q4-2020 to Q1-2021 by approximately $8T. And decreasing $3T QoQ to Q2-2021. + +&#x200B; + +Here are some fun values: + +[Distribution of Derivative Contracts](https://preview.redd.it/te2s95ad32p71.png?width=2414&format=png&auto=webp&s=3f47ea1dcea9773564a610767ae0e63d57e867a4) + +Goldman Sachs is still holding at 175:1 leverage. + +&#x200B; + +[Q2-2021 Trading Revenues](https://preview.redd.it/8y0xpbp242p71.png?width=2392&format=png&auto=webp&s=1aecab556f459eec3a30f0a2039080df7e319307) + +&#x200B; + +[Q1-2021 Trading Revenues](https://preview.redd.it/y222htf542p71.png?width=2552&format=png&auto=webp&s=51f41285ec95a826c2ef26dc7762bd1830370b14) + +In Q1-2021, Goldman has losses of $1.8B from Interest Rates and in Q2-2021, they had losses of $1.2B from their exchange rates positions. +I've been playing the amateur options market maker game in a small market with little competition. + +I'm keeping my exposure low in all greeks, but occasionally have a delta position, either because I trade or due to gamma. + +I have an automated delta-hedger offloading delta exposure into the futures book. + +This is trading a bit... too much. I often see it buying and selling the same thing within a few seconds. The spreads are low, but fees hurt a bit. + +So I'm thinking I should accept a higher delta exposure before I hedge. Currently, I hedge whenever my delta exposure reaches 1.5%. I wonder if there's any rule-of-thumb for when to hedge, and if I'm shooting myself in the foot by allowing for a, say, 10% exposure. + +Also happy to discuss further, feel free to ask questions about what I'm doing. +This isn’t a typical CMS post full of flashy catch words and empty promises. If you’re looking for the next useless pump and dump token, I suggest you look elsewhere. But if you’re looking for a real project with massive potential and real-world use-case, I suggest you read on. + +I’m writing this because I want to share some of the most ground-breaking alpha for a BSC project I have ever come across. You may have heard of the project already; it’s been around a few weeks – called SpaceCorgi (SCORGI). If you haven’t yet heard of it, the headline is that they launched with real-world use-case from day one (accepted payment partnership with Scoopers pet app) and they plan on becoming the go-to cryptocurrency of the entire multibillion dollar pet industry. + +I know what you’re thinking, and I agree; I find there are a ton of promises and not a lot of follow through in the crypto space. This whole sub is a cesspool of rugs at this point. However, occasionally you can find a gem amongst the garbage. And I believe SCORGI is that gem. + +The project was developed by a team of three pet owners, two of which have been previously listed on the Forbes 30 under 30 list. This team has the experience and connections working with multiple Fortune 500 companies to connect the crypto world to the real world. + +Obviously, it’s tough to believe any anon team on here, and I don’t blame you, but they have already disclosed their identities to a number of partners and influencers under NDA’s/KYC and plan to publicly reveal after the first CEX listing (currently planned for mid-June). Keep an eye on this one and jump on after the public reveal if it will make you feel better. Of course, by that time you will be missing out on the current price. + +Anyway, most of that is old news by now; the ground-breaking alpha I am here to share comes from comments the dev shared in the TG group just today. An updated website is in the works. that will layout the updated roadmap, but before it launches the bullet point is that: +“if development continues at this current pace it’s very likely that by the end of the summer Scorgi will be accepted as payment by tens of thousands of online retailers. This would make it one of the most widely accepted “meme” tokens on the BSC.” +TENS. OF. THOUSANDS. Tens of thousands of online retailers. Yes, you read that correctly. I believe SCORGI has the potential to bring cryptocurrency to the mainstream like almost no other project before it. + +With SpaceCorgi's partnership with Scoopers.club, just look at similar projects that once started from zero: +- Chewy: MC = $29.7billion +- Wag: MC = $800 Million +- Rover: MC (estimate) = $1.4billion +- Petco: MC = $6.3billion +Imagine passing on any of these companies in their infancy if you had the chance. Remember that SpaceCorgi has TRUE UTILITY. + +TL;DR: By the end of the summer, $SCORGI will be one of the most widely accepted tokens on the BSC with tens of thousands of E-commerce partners. There is clear precedent for a billion dollar market cap with similar projects. +Check out some of the links to DYOR: +Website: https://spacecorgi.finance +Subreddit: r/SpaceCorgi +📱Telegram: https://t.me/SpaceCorgiDiscussion +📈Chart: https://charts.bogged.finance/?token=0x5a81b31b4a5F2D2a36BBd4d755dAb378dE735565 +✅Contract Address: 0x5a81b31b4a5f2d2a36bbd4d755dab378de735565 +🥞Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5a81b31b4a5f2d2a36bbd4d755dab378de735565 +I've seen a few posts about people looking for cheap high quality shoes, and I just wanted to share my results. I've bought my last 2 pairs of shoes at Marshall's. The first pair cost $8 a couple years ago and the second was $16 this weekend. The first pair are essentially knockoff Converse All Stars from Lugz, and the second pair are similar but from Tommy Hilfiger. + +I don't need new shoes right now, but now I don't have to worry about finding a deal when my current pair eventually wears out. I check the local Marshal's a couple times a month just to see what big sales might be going on. Usually the really cheap shoes are down to the last pair and are the wrong size. Marshall's is a good resource for super cheap business casual clothes too. +I'm pretty young and have started growing my portfolio steadily considering my age and current job. Anyways, I've never delt with a recession as an adult and considering the current status of the country and all the signs pointing to a potential recession in the near future, what is the game plan for a dividend investor? Hold? +If you’re looking for to expand your knowledge on cryptocurrencies and blockchain technology, I’ve gathered some of the top university courses that are available online for free. Most of these are extensive and offer an entire university semester’s worth of lectures. + +In addition to the courses below, you can also find a number of other university courses on the topic on Coursera and Edx. + +&#x200B; + +[Blockchain and Money](https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/) by the *Massachusetts Institute of Technology* – Taught by MIT professor and current head of the SEC, Gary Gensler, the course offers an overview of blockchain technology and Bitcoin, with a focus on potential blockchain applications in the financial sector. + +&#x200B; + +[Cryptocurrency Engineering and Design](https://ocw.mit.edu/courses/media-arts-and-sciences/mas-s62-cryptocurrency-engineering-and-design-spring-2018/) by the *Massachusetts Institute of Technology* – The course focuses on the design of Bitcoin and other cryptocurrencies and how they function in practice, with an emphasis on cryptography and network architecture. + +&#x200B; + +[Bitcoin and Cryptocurrency Technologies](https://www.coursera.org/learn/cryptocurrency#) by *Princeton University* via Coursera – The course contains over 23 hours of material and covers everything from the basics of crypto and blockchain to an in-depth overview of Bitcoin and Altcoins. + +&#x200B; + +[Bitcoin and Cryptocurrencies](https://www.edx.org/course/bitcoin-and-cryptocurrencies) by *UC Berkeley* – Online course where you can enroll for free, or receive a certificate upon completion if you pay to enroll. Covers the Bitcoin and cryptocurrency space, including smart contracts, the Ethereum platform and bulding decentralized applications + +&#x200B; + +[Introduction to Hyperledger Blockchain Technologies](https://www.edx.org/course/introduction-to-hyperledger-blockchain-technologie) by the *Linux Foundation* – This is a highly technical course that offers an in-depth overview of blockchain, distributed ledger and Hyperledger technologies. + +&#x200B; + +[Blockchain and FinTech: Basics, Applications, and Limitations](https://www.edx.org/course/blockchain-and-fintech-basics-applications-and-lim) by the *University of Hong Kong* – The course focuses on the basics of blockchain technology and what types of applications are most suitable to best fit the characteristics of blockchain. + +&#x200B; + +[Cryptocurrency and Blockchain: An Introduction to Digital Currencies](https://www.coursera.org/learn/wharton-cryptocurrency-blockchain-introduction-digital-currency) by the *University of Pennsylvania* via Coursera – An overview of cryptocurrencies, Bitcoin, cryptocurrencies as an asset class and blockchain. + +&#x200B; + +[Smart contracts](https://www.coursera.org/learn/smarter-contracts) by the *University at Buffalo* and the *State University of New York* – A course that covers the basics of designing, coding, deploying and executing smart contracts in Solidity with over 17 hours of material. + +&#x200B; + +[Cryptocurrency: Beyond Bitcoin Teach-Out](https://www.futurelearn.com/courses/cryptocurrency-beyond-bitcoin-teach-out) by the *University of Michigan* – Short overview of Bitcoin and cryptocurrencies, how they work and the impact they have on the world. + +&#x200B; + +[DFIN 511: Introduction to Digital Currencies](https://www.unic.ac.cy/blockchain/free-mooc/) by the *University of Nicosia (UNIC)* – Free MOOC with the next starting date on September 27th 2021. Among other lecturers, the course will be taught by Andreas Antonopoulos. +The 60 day policy wasn't on lease contract, i wasn't told about it. I gave them 30 day notice because that's what i always do in the past, the fee is $760, i can not pay that, i move to a different place to save cost, if i pay that amout with the 1 month rent, i will not have enough money to pay for the place i am moving to. + +Edit: thank you everyone for your comments, i have been working so i can not reply every comment but i will clear some questions on in this edit. + +My lease is ending on June 24th which means i am staying at my place another 32 33 days until i completely move out. + +I called the office and talked to an agent and she told me what i was supposed to do was given them a 60 day notice if i wasn't renewing the lease. + +If i move out on the last day of my lease, i will have to pay $760 because i didn't give them 60 day notice. I do not know how they count the fee because my base monthly rent is $892. + +I told her that i moved to a new place because i was in a situation that require me to spend less on everything, and i won't be able to pay that large fee at all, and if i do, it will affect many other things such as paying bills and new monthly rent. She told me she would talk to her manager to see what the person will say. + +I read the lease again, it does not mention the 60 day notice. What it said is i am required to give them a notice that i was not renewing a lease. Fail to do so will lead to month to month rent automatically. No late fee for late notice mention, no number or no description on how they calculate the fee. + +My location is Texas, Tarrant county. + +I have read almost everyone comment and i feel confident enough that i think i won't have to pay for that fee, i also save a digital copy of lease on my digital device. But right now, i will wait for their response from the manager, i will not go aggressively unless i feel like they will do anything to get me paid for the fee. + +I already signed a new lease contract at a different place so i am not scared of not finding a place to rent. + +I will also start researching the law, i honestly want to avoid getting lawyer or having legal action, due to the current situation that i am in right now but if i have to, i will. + +I will keep everyone updated in the future by editing this post. I appreciate all the help from everyone! +Been here over a year and I thought this would last a few weeks before the community imploded. But here we are. + +I joined the exhaust team last night and helped delete the… “rocket.” + +I was shocked to wake up to RC’s face in its place and the Loopring, Ethereum and Immutable X banner destroyed. Then I was shocked seeing it mostly restored in the time it took for me to place a couple tiles. + +This is incredible! It’s scary to see that a few bad actors can destroy. It’s inspiring to see that we can organize and build it back. This is why “they” (SHFs, Wall Street, government entities, the old guard) are scared of us. + +We’re going to play, too. We claimed our rightful place and we aren’t going anywhere. + +(I know, cheesy AF. Username checks out.) +Hi, + + +What are your thoughts on this plan: +M28/F25 Total income of 120k before tax. Potential to move up in career shortly. + + +My plan: +Buy a house near for around 450k in Wollongong. +Commute each day to Sydney CBD, and perhaps there is room for myself to get one or two days Work From Home as well, seeing as that's been thrown about recently due to Covid-19. + + +Pay off the house quick-smart, putting around 35k into it each year that would normally go to rent and savings, leaving a small buffer for unseen expenses and rainy day. + +Once it is paid off, throw everything at a retirement fund. + + +Why I think I could deal with the commute: +My weekdays feel like a waste anyway, whether I get home early or late. +I like to go to the gym during the week, and if I owned a house, I could build one at home and make the commute time back by having a gym in my own house. +Weekends would be incredible, having ready access to the beach. + + +Has anyone done something or is doing something similar? + + +Thank you! +Hi there! So I've saved up about 100k through the last couple years and original plan was for it to be a down payment for a house. However since interest rates are so high now that's not really possible anymore, so I've been considering using the money to enter investments instead (since the stock market is significantly down). + +I know the rule of thumb that you shouldn't risk/invest anything you'll need in the next 5 years, but I'm REALLY concerned about fomo and missing out on a HUGE buying opportunity of a life time. + +I'm trying to figure what would be smarter and better...A) Put the savings into a CD or Bond for the next year and keep saving towards a house + +B) Put everything into stocks and investments, knowing that this is a massive buying opportunity + +C) Maybe a bit of both + +or D) Maybe something completely different + +Basically, I'm asking what the smart thing to do here would be AND what you would do in my situation? + +Some other details that may be helpful: + +\-I'm 26yo, salary about 75k a year, the money is currently in a savings account (aka dying to inflation) + +\-I'm not THAT desperate to get a house so I could wait if needed, but I have been wanting one for a while. I'm more or less a young adult trying to figure out how to properly manage money in an economy like this. I'm mostly just someone trying to figure out how to properly manage money and set myself up for the future. + +Would really appreciate any advice, thanks a lot everyone! + + +EDIT: Thanks for everyone for your feedback and advice! Everything you said was extremely helpful and is really helping me explore all of my options. I really appreciate you all taking the time to help me out! +Hi All, + +My wife and I are 27 years old and together had an income this year of over $400,000. My boss is a huge fan of whole life insurance and put me in touch with his broker/agent. While a longer dated term policy seems like a no-brainer given I am young and healthy, I am wondering what people think of combining this with Whole Life Insurance. The pros I suppose are the lack of volatility, it never goes away, and that it is a tax efficient means of wealth transfer / gaining exposure to corporate bonds. The negatives I suppose are the high monthly cost, the opportunity cost (investing in a higher growth asset with the money instead may make more money in the future) , and (one concern of mine in particular) is inflation rendering the ultimate payout insignificant. + +Does anyone have any thoughts for people our age and with some money to spare? + +Best Regards, + +JB +Hi all, I am tax resident in Germany and I'm currently investing 5000€ per month in VWCE (Savings Plan via Scalable Capital) + +I have an additional 5000€ per month to invest. However, I cannot have another Savings Plan in Scalable Capital or increase the amount to 10000€ per month for VWCE. In this case, I have two options: + +1) Invest 5000€ on a random date in a month or split the amount over the month and invest every day (DCA) + +2) Invest in another ETF for a better risk-reward. + +I wouldn't need this money for at least 10 years. Other than the above 2 options, are there other investment options/avenues that I could pursue? + +********* +Since lot of folks are curious about how I can invest €10K per month, sharing the details: +- I have ~€185K gross salary + ~€90K in Tagesgeld. My net salary comes to approx. €9.5K per month (Tax class 3). +- I want to deploy my Tagesgeld eventually, so I'm investing > my net salary every month to achieve this. Once this is done, I will reduce my investment amount per month. +TL;DR: Cannot get a housing loan, have a lot of savings, want to invest but am scared of a bubble. Any thoughts, am I too scared? + +My situation is this: +- 90000 euros in savings, currently all cash because I recently sold a bunch of bitcoin (paid cap taxes on it) +- post-tax income around 3300 euros +- renting for 650 euros per month +- total costs around 1300 euros + +I wanted to buy an apartment to save on rent and protect against inflation, but I cannot get a loan for at least a year and a half because I work in a company opened this year. + +Naturally, I am thinking I should invest because I feel sick when I look at current inflation (official, and worse - anecdotal, due to housing rising by 50% in a few years). S&P almost doubled from the short dip when covid started, and I am a bit scared that if I invest my savings I might be faced with waiting 5-10 years to recover from a crash - all the while having to continue to rent. +I’m currently looking at a place tomorrow that’s hopefully not a scam. It’s day 2 currently. Obviously it’s okay now, but I really need a place to stay. I live in Atlanta. A room goes for about $65 - $80 a night for the cheaper rooms. Maybe I should just live in my car until I save? How should I move? + +Edit: It’s a scam :/ + +Edit2: I have a gym membership and was able to find a room for about $125 a week with some room mates. I’ve also got a few offers from here which I’m extremely thankful for. I’m at work rn doing some overtime, but I’m reading everything in between. Thank you so much guys. + +Edit3: guys still homeless, but got a lot of options now in terms of housing and rooms to stay. Thank you guys. +I'm a bit concerned, that this guy is trying to scam me. From what I've read about cashiers checks, they are generally regarded as safe but can take up to a week for a bank to determine if a check is fraudulent. And by that time I may have already given the guy myself. It seems really sketchy that he won't pay any other way. In my opinion, if he has the funds in his bank, he should be able to at least pay in cash. +I've been in the Cryptocurrency scene since the bull run of 2017. Started off with a modest buy in and HODLed through the peak of the bullrun. I was tempted to sell at 20k, but my expectations for gains made me miss the peak and then it crashed to 4k. + +Since I invested only an amount I could afford to lose, I learnt to let go and forget about it. I focused on my life for the next 3 years and just kept my coins safely. + +It wasn't until this bullrun that I came back into the scene. With gains of almost 800%. + +The lesson: Invest the amount you can afford to lose and learn to ride it out. The first 6 months will occupy your mental energy in cryptocurrency and you will change your mood at the whim of the market. Don't make cryptocurrency your whole life. +For Christmas 2020, I gave my godson (10 years old) $100 to invest over the course of the year. He could pick between CDs, real estate, stocks, or mutual funds. I made him a kid-friendly video to explain each option. + +He chose to divide his money between a CD, and Amazon, Microsoft, Home Depot, and Sony stocks. Every month I'd give him an update, and he ended up raking in an extra 20%. I posted about this when I first started, and people were (rightfully) concerned that a kid wouldn't love the idea, or that he'd get bored. But he LOVED it! He was so excited to receive his envelope of capital gains at Christmas, and it showed him on a kid-level how investing works. He was so excited to get his new $100 for 2022 and try to strategize to beat his 20% of last year. So far, he's lost $10, but that's a good lesson as well. + +Just wanted to share because it was such a success and it might be helpful to parents or uncles/aunts who want to teach the kids. Here's the video I made him: (Mods, I'm not selling anything, this is just for fun.) + +https://www.youtube.com/watch?v=udbuSHN9klM +Obviously job security, cash flow, and minimal debt are big ones. Let’s say I have a good job, 100k in savings, and no debt. Where would you put your money in the midst of a recession? Stocks? ETFs? Property? Should I just sit on it? I know this question is probably not specific enough but how did people come out on top after 2008 and how will this recession be different? +BAT: From 15m to 24m to 30M now. + +Mysterium: Hard cap from 10 to 14 million. + +StorJ had a 30 million cap on it's fundraising event. + +Status planned a 10 million hard cap and now has a 12 million soft cap.. with a hidden hardcap. (15/20/25 million?) + +There are plenty more and this trend is worrisome. They all suddenly 'need' more money to develop their product. Well to me this is pure abusing the crypto hype and them being greedy. + +Yes investors are greedy, we already know that, their goal is to make as much as possible from investing (but investors are not abusing anyone, so nothing wrong with them being greedy). But companies/projects being greedy is a bad thing, it also takes away the credibility of their project and it also means investor money is misallocated which could be used in more productive ways. + This is not good for the Ethereum community/network. I hope this stops asap (though I know it won't, this will end up like the dot.com bubble). +I may be mostly a lurker / learner here, but I think more than a few folks are right now getting fucked. It's totally trust me bro, but Barclays has made my credit card payment twice and is not giving the second payment back to me until I talk to a case manager and was told it may be 48 hours until I receive a call back. Seems they needed some liquidity and decided to borrow my money? + +Phone rep said this was a very large issue today they were seeking to rectify at the moment. Of course it's being played as a technical glitch, but I know at least for me it was a very substantial amount of money. I am beyond livid. Promises of "compensation" have been conveyed, but I know I'm powerless to charge them my own overdraft fee. + +Check your books folks. I have no proof but this smells like street and alley level fuckery. +What's your thoughts on reinvesting dividend automatically with ur brokerage account or let it collect over times and buy manually more stocks at the dip. +Does either of the way helps in taxes? +I believe we still have to pay tax as dividend are considered as income earned. +"Total nonfarm payroll employment rose by 245,000 in November, and the unemployment rate +edged down to 6.7 percent, the U.S. Bureau of Labor Statistics reported today. These +improvements in the labor market reflect the continued resumption of economic activity +that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to +contain it. However, the pace of improvement in the labor market has moderated in recent +months. In November, notable job gains occurred in transportation and warehousing, +professional and business services, and health care. Employment declined in government +and retail trade." + + +More [here](https://www.bls.gov/news.release/empsit.nr0.htm). +Hi all, visited my local credit union recently and the banker who helped me asked me to verify my online account password. I was pretty taken aback since the general password rule is that you shouldn’t provide it to anyone. Plus, she was able to see in plain text what the password was. + + + +This is a large and popular credit union in my area. Is it common to keep plain text passwords, or is this a red flag indicating that this bank has bad cyber security?? + + + + + +Edit: +To clear up confusion: I visited the CU to open a new account (in addition to my old ones) and sat down with a banker. They asked me to provide my existing account numbers but I had been locked out of the online portal and didn’t have them in print. They then asked for my verbal passcode and my online account password, which shocked me. + + + +I can’t remember whether they asked for the verbal passcode first and I only remembered an old one, or if they had me give the online one regardless. I couldn’t quite remember the online password either so I said some words and was asked if there was an exclamation point, etc at the end. I guessed wrong a few times and the banker gave me hints. + + + +The banker just acted like this was the most normal thing in the world so I wasn’t sure if I was just feeling paranoid. But thank you SO much for your responses, I’m moving my money and reporting the CU!! +I have been told time and again that VIX cannot halt, since it's an indicator. However I've seen it happen 6 times in the last three months, and it happened twice in a row [today](https://finance.yahoo.com/chart/%5EVIX#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-) and yesterday. How is this possible? +i actually work in a midwest CU but i was embarrassed to apply for a refinance because i knew how bad my credit score was and i didn't want any of my coworkers to know. + +push came to shove at the beginning of last month. i had been driving with temp plates for the better part of a year and finally got stopped and hit with a hefty ticket. a kind coworker stepped in and offered to quietly set me up with a personal loan to pay the ticket and get my car registered. the interest rate was about 14% (with a 583 credit score and a massive debt to income ratio). + +once that was done, she came back to me and set another offer in front of me: refi my car loan at the CU, roll in the new personal loan she'd just drawn up for me, *add* in my two credit cards and make my single monthly payment cheaper than my original car note's. i was floored. + +i now have a 12% rate--down from 25.66% at my other finance company, my credit score is going to leap up since both of my cards are now paid off (and won't be used unless it is absolutely fucking necessary), and in total, i am now saving $317 a month. that may not seem like a lot to some people, but it's huge for me. that money is an oil change, a visit to the dentist, going back to my therapist, and a whole host of things i've avoided because i couldn't find it in my budget. + +TL;DR: if you're struggling, please reach out to a credit union. every single one of my coworkers is kind, understanding and reserve judgment in every situation. i mean, it's why credit unions were even created--for people in poverty like us. they offer *so* much more than a traditional bank, even if all you bring to them are your loans. + +anyway, i'm off my soapbox. if anyone has any questions about this stuff, please PM me! i want everyone in my situation to feel as relieved as i do right now. + +EDIT: well i got way more responses than i expected haha i'll reply to everyone as soon as i can! +Everytime you see a high price and you think: maybe I should sell? -Just rub one out for that sweet post-nut clarity and think again. 10 Million is the floor +RC is spitting fire lately to be sure, but there *are* limits to what he can just unload with. So how can he tell us which conspiracy theories are true and which aren’t? Easy. We have memes for every bit of DD and potential DD for the last year and a bit. By getting us to tweet these at him, RC can “like” them to confirm those theories are true without putting himself the hook for defamation. Another 69D chess move. +**Have you used forex calculators?** + +Plenty of forex brokers offer you free calculators, where you put your stop loss and take profit price and the amount of your total capital that you want to lose if your stop-loss triggers. - Here is where the risk-reward ratio comes into play. + +You can use [tradingview.com](https://tradingview.com/)'s "Open Long/Short" position tool measures your trades risk-reward ratio once you set your SL and TP levels. You can use candle confirmations (engulfing candles, pin bars, tank bars, etc.) to set optimal stop-losses in candles with price action and calculate realistic risk-reward ratios. + +**In my opinion,** you will be profitable in the long run if you only lose 1% of your total capital per trade. If you apply this risk management strategy with optimal risk-reward ratios, you could be profitable even if you are right in 50% of your trades. Remember that losses become harder to recover the more you lose *(the 50% loss dilemma).* + +Also, I think it all comes down to practice/training, and the best way to practice in trading is through backtesting, **with or without code**. There are plenty of free tools that let you manually add candlesticks from the past to test a trading strategy without putting your capital at risk. + +Test your risk-management and charting strategies hundreds of times; use google sheets to measure the average time your trades are taking to execute (from open to close) and your average profits!. + +Good tradings and holidays. +I am a futures ES price action scalp trader. I started my journey in June 2021 with a Ninja Trader account... For the first few months I traded on SIM until I got comfortable enough to go live trading the micro es futures (MES). However, I quickly got hooked to the potential money I could make trading the regular ES contracts so I've been trading the ES throughout my journey. The first 12 months I could be categorized as what Mark Douglas would call a "Boom and Bust trader" my equity curve would swing violently way up and way down because in hindsight I was mostly gambling. So as you can imagine, I've blown many accounts (at least 10). However I stuck with the process and finally found my stride. The only indicators I use is a 20ema, 100ema, and on occasion the RSI. I trade using a 2000 tick chart and scalp 2 contracts for 2 points. I have a full time job so I'm a part time trader. I trade the open at 8:30am cst and look for 2 - 3 scalps a day, somedays I might only take 1 trade a day... my only strategy is to wait for the market to pullback to the 20ema and scalp the "bounce" off the 20ema either short or long based on the context of the price action. After 15 months I finally had my first profitable month from September 5th 2022 - October 7th 2022. I net profited +$3,750 for the month. I know its not much but I just proved to myself that this is real and can be a lifestyle. I'm really looking forward to what the future holds and hoping to inspire people to stick with the process and find success! + +*Edit* +I'm blown away by all the engagement on this post. This is why I love this subreddit community! Thank you for all the engagement, advice, feedback, encouragement, and suggestions in the comments! I tried to respond to every comment I could and drop as much knowledge/insight into what I'm doing as possible. Sorry if I couldn't get to all of your comments. Everyone stay blessed! +> Companies that do everything from manufacturing phones to operating social-media platforms now account for nearly 40% of the S&P 500 + +[WSJ](https://www.wsj.com/articles/techs-influence-over-markets-eclipses-dot-com-bubble-peak-11602894413) + +https://i.imgur.com/XhB6s5R.png + +Is anyone else concerned with this? +******** I am not a financial advisor, this is not financial advice ********* + +Hey everyone thanks for reading my post yesterday. I’m still on a break from making big DDs (unless I stumble upon something major that warrants immediate attention), but in the mean time I wanted to create a dialogue, a thought experiment if you will. + +The point of this post is simply to create a discussion in the comments that will serve as ideas for future DDs for myself and other wrinkles as well as to generally facilitate a discussion. + +Here are my discussion questions: + + +GENERAL QUESTIONS: + +In your opinion, what is the most likely trajectory of GME (i.e. if you had to predict what it will do for the next few months, what would you say)? + + What other scenarios could you see? + +What topics do you want to see wrinkles make DDs about? + +What are the biggest weaknesses in the body of content of our current DD (i.e. what topics do we need to focus on because they are weaker)? + +What is the weakest part of the general theory of GME? What is the strongest? + + +SPECIFIC QUESTIONS: + +Even if the FTD cycle theory is incorrect, it’s still true that each cycle, the floor/support increases, which means that the price has increased steadily since February. However, as we all know, volume has been absolutely horrible – pathetic. In a normal stock, this increase would be called a nonvolume supported trend; however, I think most of us believe this is happening because apes are holding, so the volume is just day traders and the HFs have moved buying volume into OTC trades. With that in mind, let’s say that volume continues to decrease. If volume continues to decrease, assuming nothing material changes about GME, what do you think is the most likely trajectory (i.e. is there a point we could get to where volume would be miniscule or close to zero and if so what would do you think will happen)? + +The $350 level seems to be significant. The previous two times we got near it, we were BRUTALLY rejected and saw HUGE downtrends. The only time we got over it was January, when the market literally shut down buying. With that in mind, what is your take on the significance of this level? Is there a method we could use to reverse engineer it to try to find SI? What would you like to see us focus on with DD here? + +Do you think the MOASS will happen sooner (let’s say before the end of August) or later and why? + +Many of you probably saw my last post where I used data from the absolute beauties that are our quants to determine that the “meme stocks” are correlated. My thoughts were that it indicated that institutions took large short positions on them all at the same time. What are your thoughts? Why do you think all of these stocks have been following similar patterns? IMO I don’t think retail is behind it because it’s impossible for a nonorganized/noncorrdinated group to make multiple stocks behave the same way for months. Though we undoubtedly have power, we can’t coordinate like HFs, so I don’t think that retail just randomly decided to buy and sell all of these at the same time? What do you think? + +What do you think about GME and coin (can’t say because of automod)? I’ve documented the FTD cycle connection and how it might be used for covering, but what do you think? + +We all thought that RC being named board lord would be the “catalyst” causing the MOASS, but GME has reacted inconsistently to catalysts. Do you think catalysts have are relevant anymore? Do you think a catalyst will cause the MOASS or do you think it will be random like January? + +Finally, I expect this post to get a fair amount of activity, so if you have anything interesting to say or ask that I didn’t cover above please put it below! + +******** I am not a financial advisor, this is not financial advice ********* +Figured yall would appreciate (unlike Zillow's inventory lol) + +[https://www.bloomberg.com/news/articles/2021-10-26/zillow-s-zeal-to-outbid-for-homes-backfires-in-flipping-fumble](https://www.bloomberg.com/news/articles/2021-10-26/zillow-s-zeal-to-outbid-for-homes-backfires-in-flipping-fumble) +I'm trying to make a sound decision after a few months of planning, but I'm finding it hard to commit to student loan forgiveness and watching that debt grow over the years. From my understanding, because my debt to income ratio is greater than 3:1, forgiveness is a no-brainer decision since it would be almost impossible to make the monthly payments necessary to pay it off over 10 years (\~3k a month). + +Some info about me: I'm 26, married, and my partner does not make any income. We're living in an apartment for \~2k a month for rent. After expenses, we can only really afford to put away 2k a month in our savings, but we're looking to be more stringent and save more to start an IRA and other retirement accounts. We're also looking to buy a house and start a family over the next few years, so I can only expect my expenses to go up and up. I don't really have financial support from any family members, so my salary is all we have to spend. +