diff --git "a/reddit_finance_43_250k_28.txt" "b/reddit_finance_43_250k_28.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_28.txt" @@ -0,0 +1,10000 @@ + +Do you know what Citadel will claim first and foremost in their presentation to the judges? + + +>"We are the leading destination for retail order flow" +> +>"\[O\]ver 50% of our trading activity on IEX is **on behalf of** retail investors." + +This is from their comment letter on the order type: + +https://preview.redd.it/y4akrvxl98u71.png?width=748&format=png&auto=webp&s=041ed002b39efcdde815333c1c5ff7db7917cc30 + +Does Citadel trade **on your behalf**? Do they represent retail investors or traders? Do you think the brokers that Citadel and other wholesalers pay for your order flow represent you either? Because Citadel and all of those brokers hold themselves out as the representatives of retail investors. As if they are incentivized to **protect** you, and ensure the market is designed **for your benefit**, rather than for theirs! This would be a hilarious joke if it wasn't the truth. + +I can't stand when I see firms holding themselves out as representing interests that they so obviously don't represent. We also shouldn't forget that $22M fine Citadel paid to the SEC for "Misleading Clients About Pricing Trades." The only thing these firms represent is their P&L statement or their quarterly earnings for the publicly traded discount brokers. This happens **constantly** in market structure debates - there are no authoritative independent voices, and it's why I always try to make sure my biases are disclosed (for example, as I always state, I have a small equity position in IEX resulting from when I worked with them in 2012/2013, because I supported their mission and their approach). People's views are strictly a result of the chair they sit in, or the company issuing their annual bonus, or the company sponsoring their academic research. They'll make impassioned, coherent, intelligent arguments against a practice (such as PFOF and off-exchange internalization without meaningful price improvement) when they work at a stock exchange, or when they run a high-frequency trading firm that doesn't engage in the practice, and then they'll argue the complete opposite as soon as their annual bonus is contingent upon the practice. **It's disgusting.** But of course it shouldn't be surprising anymore. + +# What is the D-Limit Order Type? + +To understand the D-Limit Order Type would take quite an extensive post on its own. There's so much background needed that it's hard to summarize, but I'll try. IEX as an exchange was built to counteract the impact of latency arbitrage (this is extremely overly simplistic). One of the ways this was accomplished was to coil a lot of fiber so that all data in and out of the exchange was delayed by 350 us (microseconds). To put this in perspective, I think I read somewhere that nerve impulses in our body take 80-120 milliseconds to get from your hand or eye, to your brain, aka 80,000 microseconds. So 350 microseconds is not a long time, and is a hard concept to understand at human scale. I used to run trading strategies 10 years ago that did everything they needed to do in 45 us, again for some perspective. + +A primary reason for the 350us delay was so that the exchange pricing and matching systems were **always faster than the exchange's fastest participant**. One of the reasons for this was for pegged order types. A pegged order type is one that is dependent on the NBBO. For example, a midpoint peg is an order that executes at the midpoint of the NBBO. If the exchange is slower than the firms trading on it, those firms can use their speed to pick off stale midpoint peg orders when they see the NBBO change, but before the exchange has seen the change. This is complicated stuff, and it's one example of latency arbitrage - there are other types. However, it also speaks to incentives. IEX was funded in large part by asset managers, and so designed an exchange focused on protecting them. Other exchanges' focused on their best customers, meaning the firms that trade the most on those exchanges - high frequency trading firms. + +So back to the IEX D-Limit order type. IEX developed something called a [CQI (Crumbling Quote Indicator)](https://iextrading.com/trading/signal/) and the [math behind it](https://iextrading.com/docs/The%20Evolution%20of%20the%20Crumbling%20Quote%20Signal.pdf) looks VERY similar to the math that underlies many high-frequency trading models. For the mathematically inclined (there's a lot [more detail in the paper](https://iextrading.com/docs/The%20Evolution%20of%20the%20Crumbling%20Quote%20Signal.pdf)): + +https://preview.redd.it/3aqzmvt6n8u71.png?width=643&format=png&auto=webp&s=b3e434b1575a66ba48a7c9d498a84560aa2d8db4 + +It watches price feeds and supply/demand in order to forecast when an impending price level change is coming. When the indicator fires, some IEX order types don't trade - they wait to be repriced to the new price level before being able to trade. This reduces the opportunities for latency arbitrage. The D-Limit order type is one of those order types - it is a tool IEX created to protect investors from latency arbitrage, and it uses the same technology that HFT firms use in order to do so. + +Why is something like this important? You might be shocked (probably not) to learn that a HUGE amount of trading in markets takes place around these quote changes. Here's how IEX breaks it down in their comment letter (noting that CQI is only active for a handful of seconds during the trading day): + +https://preview.redd.it/c6cwz7jqe8u71.png?width=950&format=png&auto=webp&s=3a0701857a398cb2df7f932287398b3fa23b4b4c + +# Who Supports D-Limit? + +So if Citadel is suing the SEC, there must be a lot of firms that oppose this order type? Nope. Was it a controversial approval when the SEC approved it? Nope - it was a unanimous vote by SEC commissioners. Not only that, the firms that support IEX in this innovation **actually** represent the interests of retail investors. Keep in mind that most of retail's wealth is in pension plans and mutual funds managed by large asset managers. These asset managers often are compensated as a % of Assets Under Management (AUM), meaning that when your retirement savings grow, so do their fees. If there's anyone incentivized to look out for long-term investors, it's the asset management community. This is from [IEX's response](https://www.sec.gov/comments/sr-iex-2019-15/sriex201915-7169827-216633.pdf), defending the D-Limit order type: + +https://preview.redd.it/rpw76ggy58u71.png?width=948&format=png&auto=webp&s=2b9d39f29c6a884d9cf2ed9e004fd5d06696b8f0 + +Here's a pretty robust cross-section of the industry supporting this feature (you might not like all of these firms, but it's a pretty diverse group - not just a single large market maker): + +https://preview.redd.it/zpggbeq568u71.png?width=972&format=png&auto=webp&s=e727047d4aeaf4f75c469d57c292d336092236f3 + +Here's a quote from XTX Markets. XTX is one of the largest HFT firms in the world, and their CEO is fighting hard against PFOF and off-exchange internalization. Their quote talks directly about "high-speed information asymmetry advantages" (aka latency arbitrage) and how mitigating the harm of latency arbitrage will "incentivize liquidity providers to narrow spreads and display larger size" + +https://preview.redd.it/tj6kfk2178u71.png?width=960&format=png&auto=webp&s=9d6948b9d4e5fa2bdb0921bfd8c4179b1762b673 + +There are so many other quotes - I encourage you to read the [IEX Comment Letter](https://www.sec.gov/comments/sr-iex-2019-15/sriex201915-7169827-216633.pdf), pages 3-6 include quotes from so many different market participants. + +# What's The Point Dave?? + +First, I think it's important to understand the underlying issue, so I've probably spent a bit more time on it than necessary. I also wanted to show that support for the order type isn't just something coming from me personally, or from a small group of firms - it's a huge cross-section of the industry. + +Most importantly, I want the community to see what is happening here. Citadel is holding themselves out to represent retail investors, even claiming that they trade "on behalf of retail investors." This sounds like a wolf in sheep's clothing situation to me. Citadel is trying to claim they advocate for retail, when all they really do is profit by trading against retail. Citadel has fought against IEX every step of the way, summarized well in the Better Markets brief supporting the SEC and IEX: + +https://preview.redd.it/xdk7dhndc8u71.png?width=940&format=png&auto=webp&s=03c58c4af6f482504fc6e771248d0ac2064c813e + +Here is the SEC's response to Citadel's claim that it trades "on behalf of" retail investors: + +https://preview.redd.it/a4vur2vc88u71.png?width=961&format=png&auto=webp&s=72949cd9df50646ff6802628c351521ffdc660e5 + +Even the SEC isn't buying the idea that Citadel trades "on behalf of" investors. Citadel takes the other side of retail's trades. As the SEC explains above, Citadel literally trades against retail investors, but is claiming otherwise before this panel of judges. The SEC even states that Citadel couldn't even rule out the possibility that they engage in latency arbitrage: + +https://preview.redd.it/y6xchylo88u71.png?width=959&format=png&auto=webp&s=367a2ee9f6637b557536c97c6845c0ac46613824 + +The SEC defends itself overall by explaining that it agrees with IEX that there is latency arbitrage, and that it is a problem for liquidity providers on IEX. + +That's quite a ground-breaking admission in my eyes. + +So back to the point - I think it's important that retail investors make their voice heard this week - and show that Citadel does not represent retail, as they will claim next week. There should be a lot more attention on this issue than there currently is, and I think that's because the specific issue is concerned with the minutiae of market structure complexity. But the overriding issue is one of incentives and representation, and it seems obvious to me that IEX deserves retail's support in this fight. + +&#x200B; + +**tldr;** Citadel is suing the SEC over an IEX order type that mitigates the harm of latency arbitrage, and the hearing is next week. Citadel claims to represent retail investors. Most of the rest of the industry disagrees with them. I'd urge you to make your voice heard if you agree with IEX and to fight against the idea that Citadel represents retail investors. +I want to make it very simple for you, apes; + +**If this market/economy were in a healthy place there would be no reverse repo.** + +There would be no reason for institutions to throw ALMOST A TRILLION DOLLARS into it, AT INTEREST. + +Banks would not be basically throwing fucking loans and credit cards at people to take their liabilities off of their hands. + +HOUSING WOULD NOT BE 20-30% ABOVE ASKING PRICE. + +Alternate currencies would not be pumped and dumped CONSTANTLY and always on a fucking weekend as if being used BLATANTLY by liability dodging financial institutions and a complicit government who is afraid of people fleeing to an alternative when their inflation rates are consistently fucking high. + +Apologies for this next bit, but I tend to speak softly- + +THIS MONEY WOULD BE IN THE MARKET IF THE MARKET WERE HEALTHY. THESE INSTITUTIONS ALL HAVE SPECIAL CONNECTIONS AND VERY INTELLIGENT ECONOMIC SPECIALISTS. DO THE PEOPLE ON INSIDE JOB SEEM LIKE THEY WERE CAUGHT OFF GUARD? + +**THEY DO NOT TURN DOWN THE OPPORTUNITY TO MAKE MONEY IN THE MARKET LIGHTLY. THE OPPORTUNITY IS GONE** + +They want to slow the velocity of money, and they want to stave off the inflation until their specific political agendas can be filled. + +We need government to stand up and be HONEST. I am tired of being lied to and gaslit by dickheads in suits. +Hiiii Apey frens!!! + +I um... I found a thingy. It's speculation based on data, and probably crazy but pretty mind blowing if true. + +TL;DR upfront: + +They have been hiding GME's volume, dividing it by 10 this whole time. That's why we have record low volumes constantly. The volume isn't dry, it's shy. + +\------------------------------------------------ + +With the TL;DR out of the way, let me tell you what lead me to even do the calculation.. + +While looking at historical options data, I found something. + +I noticed a pattern starting January 8th. + +On January 8th the open interest combined for all contracts was 50,614. + +3 days later, trading volume shoots up to 144,501,700 shares. + +The pattern I noticed is that open interest / volume 3 days later on a price spike is usually *roughly* the same. + +Here's some cool tables: + +&#x200B; + +|January 8th|January 22nd|February 19th| +|:-|:-|:-| +|Calls: 36410|Calls: 116947|Calls: 131887| +|Puts: 14204|Puts: 113099|Puts: 412346| +|Combined: 50614|Combined: 230046|Combined: 544233| +|Volume 3 days later: 144,501,700|Volume 3 days later: 93,396,700|Volume 4 days later: 150,308,800| +|OE / V: 28.549749|OE / V: 1.7161160752839317|OE / V: 2.7618464885444287| + +&#x200B; + +&#x200B; + +| March 5th |October 29th| +|:-|:-| +|Calls: 145252 |Calls: 37497| +|Puts: 151392 |Puts: 12345| +|Combined: 296644 |Combined: 49842| +|Volume 3 days later: 71570600 |Volume 3 days later: 11,258,900| +|OE / V: 2.412676474157576 |OE / V: 2.258918| + +*Disclaimer: It takes me so long to gather this data in this format. Like an hour per date because of the way the API I'm using is set up. If anyone has a faster way to check, by all means check and post validation in the comments or debunk it. But because it happens multiple times, I'm gonna just assume it's roughly the same for the rest because it's not ALL that important, it's just the thing that got me thinking.* + +Look at OE / V. That's the combined Open Interest divided by the volume of the jump 3 to 4 days later. + +WHY I decided to do that calculation? Idk I was just dividing shit trying to find patterns lmao This seems like one so I ran with it. + +Jan 13th it's 28.5. It's on average 2 to 2.5 after that. + +Since February, GME has not hit 100M+ volume once. But yet it's had roughly the same OE / V and roughly the same sort of price increases. Swaps and shit causing big jumps. BUT the volume has been consistently low compared to January. + +This stuck out as strange to me. It made no sense. + +100-150 million volume was normal for a jump before March. Then it just kept acting weird. + +The thing that really made me wonder was... How the fuck was GME the most trending stock on Nov 3rd, a magnificent run from 214 to 255, but yet only 11 million volume? + +I mean it could just be volume is dry as fuck but... idk.. + +And so I looked more closely at Jan 8th. The only time OE / V was massive. 28.5. + +28.5 compared to the 2.5 average is weird. + +Then it hit me.. What if the volume this entire time starting after Jan 8th has been divided by 10? + +If you do that, the OE / V lines up closely with Jan 8th's 28.5 number. 1.7 turns to 17. 2.76 turns to 27.6 etc etc, recently 2.25 turns to 22.5. Idk? It looks like it matches. + +And if you do that, 11.25M volume looks relatively like a normal jump. 112.58M. + +It's just speculation but it really kinda puts things in perspective considering the massive amounts of naked shorts flying around. + +That's when I remembered Citadel saying 7.4B and I went to read specifically what they said which was: + +**"On January 27th, numerous retail brokerage firms imposed restrictions on the trading of certain “meme stocks” due to capital constraints, liquidity concerns and other commercial reasons. "** + +**"Citadel Securities never requested, intimated, agreed or otherwise sought to limit or to restrict the trading of such securities. On January 27th, we executed an astonishing 7.4 billion shares on behalf of retail investors. "** + +List of stonkies restricted: + +https://preview.redd.it/e5sky2ztfox71.png?width=207&format=png&auto=webp&s=bc5729b97f6dc80ab5355498477f823147561487 + +And so Citadel says: + +**"During this volatile period, Citadel Securities was the ONLY major market maker that executed buy and sell orders for individual investors without limitations. "** + +To me, what they're saying is there were a bunch of stocks restricted. And **of those stocks restricted**, they executed buy and sell orders without limitations. And the total number of executed shares was **7.4B.** + +They could probably lawyer their way out of it, but that's what they're implying. + +But I said to myself **"Self... That means if you add up the volume of all of them, it should be around 7.4B. And if my theory is correct, it's gonna come up short. And I'm willing to bet if I 10x GME's volume it'll match."**. + +Dead ass I said this to myself right before I set off to calculate the total. My heart pounding wondering if I was right. Or probably because I've been up for too long and need sleep, who knows lmao + +But as I kept adding up the shares, it was inching closer. 1B, 3B, 5B.. At this point I'm like well maybe I'm wrong.. It'll probably add up to 7.4B. Oh wel- + +**NOPE!** + +**6,671,542,157** shares. + +**"Holy shit.."** I said. + +7.4B - 6,671,542,157 = **728,457,843 missing shares**. DOES NOT COMPUTE. Citadel lieeeeees. + +At this point I was like no fucking way... + +So I took out GME's number from the calculation. + +GME's volume on Jan 27th was 93,396,700. + +&#x200B; + +6,671,542,157 **-** 93,396,700 = 6,578,145,457 + +&#x200B; + +93,396,700 x 10 = **933,967,000** + +6,578,145,457 + 933,967,000 **= 7,512,112,457** + +https://preview.redd.it/prxpkoxqfox71.jpg?width=1134&format=pjpg&auto=webp&s=bd4d21999f28fb086d79be347175d5785d1de6db + +&#x200B; + +Could it be true? What the actual fuck? + +It can't be dark pool because on just **one** of the stonkies alone the volume was over 1B on the dark pool. + +It makes no sense, they wouldn't execute 6.6B shares on lit exchanges and somehow need to make up 728M on dark pool. It's a small percentage and they're basically bragging about their limitless naked shorting capabilities on lit exchanges so 728M is nothing for them \*SUPPOSEDLY\* + +The fact that A. I suspected this actual thing *(10x GME's volume to get to \~7.4B)* would happen and B. This actual thing fucking happened.... leads me to conclude the volume since January 8th has been divided somehow by 10. Everything just lines up too perfectly if you add that factor in. + +&#x200B; + +Maybe I'm wrong. Maybe there's another explanation. Maybe it's a glitch. Maybe they meant all of retail instead of just the "such stocks" they mentioned right before they said 7.4B. + +Who knows. But it suuuuuure is a weeeeeeird coincidence that when you 10x GME's volume it's basically what they said they executed. + +If I'm wrong, plz don't crucify me LOL I took time to write this and if the pattern holds with me writing DD, this at the very least will spark someone's creative juices and something good will come of it. + +Speculation as to why? If this is true? Well for one, 100M volume + huge run ups = FOMO. + +So.. they would not want FOMO which would add more volume they can't handle like in January. + +And 2. Let's say randomly 2B shares pop up on volume.. That would be kinda like... yeah naked shorts obviously. And SEC wouldn't be able to pretend they don't know what's going on. + +I mean the only way this would be possible is if there was some sort of huge collusion between all the large players so they don't lose all their wealth. And idk that seems ridiculous and conspiracy/tin foil right? ....Right?..... + +There definitely is motive to do it, if they have the ability. Which they probably do. Simple calculation. Divide by 10 and lie. + +Anyway I got to get some sleep, hope you guys are doing well. No matter the case, GME is MOASS and blablabla HODL!! +I’m not currently a millionaire and I work a lower income job(janitorial). For me FI isn’t about retiring or being able to live lavishly, it’s just about making me more comfortable negotiating at work. I don’t have to work overtime and I can tell my boss no from time to time. If I lose my job tomorrow, I know I’ll be ok. I’ll be able to pay most of my expenses off, and it’ll allow me time to job search. I know it’s a little different than most of what I see in this community, but I’m really happy knowing my job doesn’t own me. I don’t have to work 50+ hour 7 day weeks anymore. + +Thanks for reading, just felt like sharing the little victories + +Edit: thank you for all of the awards and kind words! + +Edit 2: deleted a joke because it wasn’t communicating my point properly +Hey! So I'm 24 just graduated college and am a financial advisor. Don't really love it and think I may make a career change in the near future. Most of the careers I'm interested in have to do with software development as I want to become a software engineer...I think haha. But I'm looking at salaries for different jobs and am wondering how the heck people survive on 70k/year with kids?! My wife and I want to have kids in 1-3 years (just feel like it's right for us) but I'm incredibly worried about not making enough to have a decently comfortable lifestyle. I won't lie I was very lucky and blessed in my upbringing. I knew we had money. My parents taught us how to work and manage our money correctly but I never had to worry about my parents financial situation. They've always been frugal but I learned that my dad makes 300-600k/ year as a financial advisor...wish I liked financial advising hahaa. So I realize I've been privileged, I just am wondering how others have felt about making 70-120k/ year with kids as that's likely where I'll end up. Thanks guys! +I’ve seen headlines about how Wall Street is rocked by some market crash or huge pull back. Big banks sometimes rush to liquidate to avoid bankruptcy or margin call. + +How can they be “rocked” if they control most of the stocks? It wouldn’t be retail investors since we’re seen as the “little guys”. + +Wouldn’t the major selling be from Wall Street? +I started one of these threads here [almost 4 years ago](https://www.reddit.com/r/financialindependence/comments/3ot4mh/unpopular_opinion_thread/). A lot has changed since then, so I figured it is time for another one. +SCHD is YTD -11.81%, while it is strictly speaking a negative number it's not so bad compared with the rest of the market, but could we do better than this? + +Taking a look at its 4 top holdings: + +|Ticker|% holding|% away from ATH|p/e| +|:-|:-|:-|:-| +|MRK|4.56|\-3.58|17| +|PEP|4.43|\-5.20|24| +|AMGN|4.35|\-11.41|24| +|KO|4.27|\-8.24|26| + +I get that those are great companies and I'd like to have them in my portfolio but I think they're currently a bit too expensive to buy them right now. I'm not trying to time the market, but rather buy companies at a discount. + +ie SCHD has 4.12% of CSCO, which currently trades at 42.60, p/e 12 and it had a drop from the 1st of Dec 21 of -33.73%, seems that is fairly valued than the other 4 I mention. + +The question is, why buy SCHD instead of buying its individual stocks when they drop at some point so you can get better prices having a similar portfolio? +I've become and avid reader in the last couple of years, I'd like to know anyone opinions on books that I can read that will change my view on money. +For instance I have just finished the millionaire next door, and it really opened my eyes to who has true wealth. +I'm a value guy, I don't take risks as such, I'm not a gambler etc, I like to know how I can see money in a better sense than it being the devil's spawn 😂 + +Apologies if this isn't worded the best, it's hard to get out what I'm trying to say + +Thankyou guys and gals +Please cheer up. + +Money comes and goes. Financial losses hurt and I feel that some of you may have lost more than you can afford to lose. It was easy to get caught up in the frenzy. I did too, made some money, then lost money. I feel your pain. + +1. **Please do not consider any harm to yourself.** If you do, please call a help line. I care about many of you and this sub will be a good place again in the near future. +2. Find ways to get your mind off the stock market. Take a walk, watch a movie. +3. Think whether you want to sell. No shame of cutting your losses. Maybe sell some. I bought BB at $20, sold at $14. Sold half of NOK today. Still holding BBBY. Make your own decision. +4. **Do not be aggressive trying to win your money back in one or two plays.** Learn more about the market and be patient. Make smart investments in proven companies with promising growth. +5. I keep replaying the time when I thought to sell and was ready to but didn't. It hurts. I didn't sleep well for few nights. But that moment it gone and not need to relieve it and torture myself. +6. I learned a lot from this experience and will be a better investor in the future. + +What helps me cope when I lose money investing: + +1. Many other people lose a lot more money than me, go to jail for bad decisions, etc +2. I was lucky to have money to invest, some don't have money for food +3. It's just money. **You can always make money in the future** +4. **Happiness comes from small things that are not connected to money** +5. I have family and friends that care about me. + +**Please cheer up**. This is a honest supportive message. Please seek professional help if you are depressed. We'll get through this. +I graduated from college in 2012 with a theatre degree, $27,000 in student loan debt and no professional direction. In spite of graduating magna cum laude from the #4 liberal arts college in the country, I did not understand money or how to build wealth or why or how that could possibly matter. In fact, being surrounded by entitled rich kids for 4 years made me want to run in the opposite direction of wealth, which I did - racking up credit card debt while working part time at dead-end jobs in one of the world’s most expensive cities, NYC. + +Eventually I moved back home, got my shit together and started setting career and financial goals. A year and a half ago I got my first full-time, professional, union job at the state university’s flagship campus. Found Dave Ramsey around the same time and got serious about paying down my debt and saving. + +Though I’m steadily making progress ($14K federal debt to go at 0% interest currently, $6200 in savings and $1100 in a Roth IRA) I’ve been feeling really frustrated at how slow it’s going. One reason for the slow pace is that my salary isn’t where I want it to be, ($49,600) and another is that a huge chunk of every paycheck disappears into the state retirement system, biding its time until I either leave the system or retire with a pension. + +But today, I got a statement in the mail for my Annuity Savings Account with the state (where those retirement deductions are being kept). I realized how much money is in there, which I hadn’t been counting as part of my assets. + +But when I do, it puts me at a positive net worth. For the first time in my adult life. + +I’m proud of myself and feel like I’ve broken through to the next phase of life, which just hours ago felt really far away. Feels like I have some newfound momentum to keep pushing forward. +For example, in Bolivia, Peru, Vietnam and Indonesia, there are few supermarkets, and lots of mum-and-pop corner stores. There are often 3 or more identical stores on the same block, selling identical things. They probably all bought all their goods from the same supermarket on the other side of town. + +They each have someone sitting there all day, with a few customers per day, and no differentiation to their neighbours. + +To me it seems like a waste of labour. You could replace 20 staff in 20 tiny stores with one supermarket and 3 staff. That would free up 17 people to go create wealth in other ways. + +So why is it like this? It this a *symptom* of economic health, because those other jobs don't exist? Or is this inefficiency one of the *reasons* they are poor, developing nations? + +What would it take to transition to a more efficient retail landscape? +People like Peter schiff argue the importance of sound money and austerity. Most economist appear to disagree with this view but always seem to offer a convoluted dodgy answer. + +For example, the last question in yesterdays press conference was a very pointed question that mr Powell swept under the rug. He was asked if the FED was worried that all this money printing would inflate an asset bubble and wether this could exacerbate ineqallity. + +So why does noone seem to really want to talk about this stuff? + +In the year 2050 we might be at 100 trillion, am I to understand that thats fine? What is mr Powell thinking but not saying? + +So please, can someone explain to me what everyone seems to know but doesnt want to talk about. + +I genuinly worry that the real answer is something along the lines of: "The US is the worlds superpower and the dollar is the worlds reserve currency and thus we can flood the world with dollars. If they dont want them we will shove them down their throats anyway" +[Microsoft wins U.S. Army contract for augmented-reality headsets, worth up to $21.9 billion over 10 years](https://www.cnbc.com/2021/03/31/microsoft-wins-contract-to-make-modified-hololens-for-us-army.html) + +News broke maybe 4 hours ago. MSFT shot up 1% on that news, up more than 2% on the day. + +Some highlights from the CNBC article: + +>"Microsoft will deliver to the U.S. Army over 120,000 devices based on its HoloLens augmented-reality headset." +"The standard-issue HoloLens, which costs $3,500, enables people to see holograms overlaid over their actual environments and interact using hand and voice gestures." +"A group of employees called on Microsoft to cancel the HoloLens contract. “We did not sign up to develop weapons, and we demand a say in how our work is used,” the employees wrote in an open letter regarding the HoloLens contract." + +Thoughts on this news? What do you guys think about some employees opposing the decision? All I know is Microsoft is a monster of a company. Just another reason to continue holding I guess +I really like this stock. When Covid-19 is over, pharmaceutical stocks will fall. And cannabis? Well, its mostly pump and dump. Just hype. But there is no denying that A.I and TECH market is growing every year. + +&#x200B; + +&#x200B; + +&#x200B; + +**Datametrex AI Limited** (TSXV:DM,OTC:DTMXF,FWB:D4G) is a technology-focused company with exposure to health security, artificial intelligence and machine learning through its wholly owned subsidiary Nexalogy Environics. + +&#x200B; + +Nexalogy utilizes artificial intelligence (AI) and machine learning (ML) technology to provide data analytics insights to businesses and government agencies. Nexaintelligence, Nexalogy’s core technology, is a powerful social discovery tool that analyzes millions of data points from social media platforms for our clients. This patented and scalable technology analyzes social media data to find new audiences, trends, risks and voters and removes spam for government agencies and businesses. In addition to social media discovery, Nexalogy has developed a “Fake News Filter” for social media. This technology was developed to help a client monitor the Canadian Federal Elections. + +&#x200B; + +Datametrex is **currently working on numerous government contracts**. The company has completed several milestones for the Canadian Department of National Defence’ Innovation for Defence Excellence and Security (IDEaS) program and has recently secured another contract through the program. The company is also a vendor for the US federal government. Its social media threat detection technology is expected to be tested by several NATO partners. + +&#x200B; + +Since launching NexaIntelligence, Datametrex has been focused on improving the platform. The company has added bot and agent detection functions and outfitted the platform with an algorithm that detects false narratives in social media discussions. + +&#x200B; + +Through its subsidiaries, Datametrex has secured contracts with various divisions of **LOTTE Group**, the **fifth-largest conglomerate in Korea**, and was chosen by Two Lakes Group to be their technology solution provider for projects in Africa. Two Lakes is an international consulting firm that is focused on helping Africa become a global economic hub through a network of trade and diplomacy. + +&#x200B; + +Since launching Health Security as a result of the world pandemic COVID-19 (2019-nCoV) in January 2020, Datametrex has been engaged is the selling of COVID-19 polymerase chain reaction (PCR) based testing kits along with complete testing services. One of the main aims was to strengthen diagnostics capacity for COVID-19 detection to help governments and companies improve surveillance and early detection and track and trace the spread of COVID-19. + +&#x200B; + +Datametrex formed a network referral laboratories with demonstrated expertise in the molecular detection of COVID-19 and ensured the newly developed 2019-nCoV PCR assay test kit’s availability through supply chain from South Korea. Since December 31, 2019, and as of October 28, 2020, 44,052,388 cases of COVID-19 have been reported, including 1,168,076 deaths worldwide. + +&#x200B; + +Datametrex’s Company Highlights + +Over three billion social media users worldwide. + +Global social media analytics market to reach US$16.37 billion by 2023. + +One patent granted and another pending approval in the US and Canada. + +Approximately C$4 million in AI contracts secured to date. + +Vendor to the US federal government, which spent approximately US$85 billion on technology in 2018. + +Led by an experienced team of operators and capital market professionals. + +The company has received $1.8 million from the exercise of share purchase warrants and options in Q2 2020 + +Datametrex delivers secured COVID-19 reporting and testing solutions that are FDA, Health Canada and CE approved. + +Datametrex can adapt and serve the ever-changing COVID-19 landscape. + +Approximate top-line revenue estimates C$20 million in COVID-19 contracts secured to date. + +Datametrex is supplying COVID-19 Tests for 13 film productions launched in Vancouver, with additions in Montreal and Toronto. + +&#x200B; + +What they own right now: + +\- Constantly expanding Corona-Test-sales-contracts + +\- 100% Top notch AI company (Datametrex itself, especially South Korea) + +\- 100% Top notch AI vertical (Nexalogy) + +\- 100% Telehealth vertical (Concierge Medical) + +\- 100% crpyto mining vertical for spinning off to the market and raise funds directly into that company (Ronin Blockchain). + +\- 25% shares of Blockchain and cryptomining company (Graph Blockchain) + +&#x200B; + +&#x200B; + +Most interesting inteview: + +\#Datametrex Germany - #AI based social media intelligence - #NATO #7Eleven and #Samsung already on board Interview with CEO Marshall Gunter + +[https://www.wallstreet-online.de/nachricht/13500969-ki-dienstleiser-interview-datametrex-ki-basierte-social-media-intelligence-nato-7eleven-samsung-bord](https://www.wallstreet-online.de/nachricht/13500969-ki-dienstleiser-interview-datametrex-ki-basierte-social-media-intelligence-nato-7eleven-samsung-bord) + +&#x200B; + +It's in Germany language but google translate can translate this into english. But from there you learn that they already been working with **NATO, the US Air Force and for the Canadian Government**. + +**They setting up an office in Berlin and expand cooperation within the framework of NATO to include European NATO partners. In this respect, we are of course, and in particular, available to German security institutions.** + +Also, because there will be elections in Germany, Datametrex will be there useful. + +&#x200B; + +LATEST UPDATES (2021) + +&#x200B; + +And in January, Datametrex signed **another** contract with **LOTTE** for technology services and maintenance. LOTTE is famous South Korea company. + +On February 1, 2021, Datametrex signed another agreement with a **Canadian mining company**. + +On February 11, 2021, Datametrex announced the closing of an acquisition for **Concierge Medical**. Concierge Medical is a telehealth company that is **already operational**. + +&#x200B; + +Well, It's AI company who also investing in health care and Blockchain (for investment). But main focus is still on AI. + +Also something about REDDIT + +“We started collecting this data at the end of January,” says Marshall Gunter, CEO of the Company. “This report was generated after three days of data collection and is an example of our AI in action. We are happy to report that **NexaSMART** **will include Reddit and other data sources as of Q2 2021**. This will **expand our offering and capitalize of the new information environment reflected in the Reddit events**.” + +&#x200B; + +There is no Q4 earnings yet but if you wanna find one, you can find more here: + +[https://www.reddit.com/r/Datametrex/comments/lu6th7/datametrex\_revenue\_guidance\_for\_q4\_2020\_and\_q1/](https://www.reddit.com/r/Datametrex/comments/lu6th7/datametrex_revenue_guidance_for_q4_2020_and_q1/) + +&#x200B; + +Company that has been/is working with **Ford**, **NATO**, **LOTTE**, **US Air Force**, **Canadian Government**, **film industry**, working in **South Korea** and now just began to work in **Germany** and expanding there... how much more you need? It keeps growing. + +I really believe that Datametrex AI will be the next PALANTIR but it will take time! If you looking for pump and dump stock then Datametrex is not for you. Invest long, win big. +I am a technical equities trader and market analyst. + +I still see tons of people on the sidelines calling for a housing market crash. + +Just wanted to give everyone a friendly reminder that when the average person is trying to time the market crash either in Stocks or housing chances are it won't happen. + +From my experience whenever people start to scream that the markets are over price and the average person starts to position them self for a crash usually what happens is the market continues its trend until the doomsday or's finally give up and then the market corrects. + +I could be wrong but the amount of people I see on the sidelines calling a crash reminds me of many other Situation's. + +Actually I want to say that for the people waiting for interest rates to go higher are likely going to be waiting until 2022 or 2023. By that time the housing market could go up another five or 10%. If there was some kind of correction it could bring us down to today's prices or early 2021 prices but with higher interest rates. + +My advice would be trying to time the market isn't the way to go. + +For the people waiting for the crash it is likely you will be waiting multiple months or even years before something fundamentally changes + I have read about it in a lot of places and saw it in many TV shows and movies. People will buy a painting for millions of dollars. Now, it is much easier for them to move the painting than such a large amount of cash. But the painting is still worthless if no one else agrees to pay that much for it. +He is well-read in economics but said the psychological effect of holding whole coins was enough for him to choose XRP. + +Edit: + +After reading some of the responses, I should say that I managed to get him to consider diversifying his money with the top 3 coins. Although he has asked me about Ripple many times. Doesn't know anything about crypto but knows about banking. +This is a post intended for entertainment/educational purposes only. + +As someone who enjoyed the game of chess and has a background in finance and valuation, I thought it would be fun to attempt and value the [Chess.com](https://Chess.com) website. Not the entire company (that includes Play Magnus, Chessable, their social media platforms, etc), but only the website. + +I did my best to estimate the active users on the platform, the split between free and premium users, the revenue that the website generates from each, and the profit margin. Feel free to make assumptions that are significantly different than mine and to share insights that could help in the process. + +As it is a private company, with limited public information available, this has been a lot of fun! I hope that is being appreciated here. + +The link is here and below you can find the analysis in written form for those who prefer to read: [https://youtu.be/GlqgOLSdrlA](https://youtu.be/GlqgOLSdrlA) + +In a nutshell, the websites generate money both from the free users (through ads) and the premium users (through the subscription). + +However, these numbers aren't available anywhere. + +&#x200B; + +**The number of users** + +Based on Wikipedia, [Chess.com](https://Chess.com) has over 95m members. Can this be trusted? Not really, there's no source and it doesn't point out to the **active** users. The inactive ones are irrelevant for understanding the value of the website as they don't generate any revenue. + +Based on a simple Google search, I got two results, both coming from the website: + +1. A sponsored Google ad where the website is the place to meet over **40m** chess players +2. The [Chess.com](https://Chess.com) website itself that mentions there are over **50m** members from around the world. + +Not only that the Wikipedia numbers are too high, but the [Chess.com](https://Chess.com) website also isn't aligned internally. It is either that the Google ad has been on autopilot since they had 40m users, or there are 10m who just don't want to meet you. + +In any case, none of this points out to the active users, which is what is most important. + +So, I looked into the online players and noted the numbers down at different times of the day. The average was around 240k. That means, on average, there are 240k users who play chess on the platform. Of course, this is at a point in time. How can we get to the total? Also, someone who plays 60 blitz games a day is more valuable than someone who plays fa ew games a week. So many variables! So, what can be done? + +I looked at a poll on how much time per day is being spent playing/studying chess. The average was around 1 hour. That helps with the equation. Basically, if 240k is the average number of online players and on average they play for an hour, there are 5,760,000 active users on any given day (240k multiplied by 24 hours). + +I looked at a few tournaments to identify how many of the users have a flair (pointing out that they are premium members) and noticed that I get somewhere between 10 and 11%. However, the premium users have the option to not use a flair. I would assume that these are the minority, so my split between free and premium users was 88% - 12%. + +That leads to 5,068,800 free users and 691,200 premium users active on average during a day. + +There aren't that many ads on the website, so it is definitely not the case that the website makes lots of money through that. I estimated that at $1 per member per year. That assumes around 400/500 ads seen by an active member (that's logging every day), between 1 and 2 a day. + +As for the premium users, there are various packages, so I assumed the average is around $7/month. + +This seems logical, however, the number of premium users is currently understated if I multiply them with the subscription, basically, it means that the same 691,200 users are online every day, which isn't the case. The 691,200 premium users are the average that I estimated to be online on a given day. Chess, as many will agree, is a pretty addictive game. So, I assumed that on average, 50% of the premium users are online on any given day, doubling the # of premium users to 1,382,400. + +**The financials** + +Taking the numbers above, the revenue of [Chess.com](https://Chess.com) in any given year is $121,190,400. A company in this industry has a net profit margin of anywhere between 15% and 25%. Assuming theirs is 20%, the estimated yearly profit is around $24,238,080. + +Based on the fundamentals of the company (and some data coming from Google Trends), I expect that the # of members slowly increases over time (<5% a year), hence I'm using a so-called "P/E multiple" of 14. + +This brings the valuation of the website to $339,333,120. + +Could I be wrong? Absolutely! Look at all the assumptions that I made. + +**What if?** + +If I overstated the # of premium users, combined with the average premium subscription of $7 and the profit margin and the P/E ratio, then the valuation could decrease to **$155m.** + +On the other hand, if I underestimated them, the valuation could go as high as **$672m.** + +&#x200B; + +**Hans Niemann's lawsuit** + +One segment in the lawsuit refers to [Chess.com](https://Chess.com) as a "multi-billion dollar behemoth". + +Based on my analysis, I cannot justify a valuation even to $1bn, let alone over $2bn. + +For this to be the case, the website needs to have over 6m premium users which, if we reverse engineer the formula, means that only 14% of the premium users are online on any given day. This, I find too low, taking into account the addictiveness of chess. + +&#x200B; + +I hope you enjoyed this! +I grew up in a conservative household where I was taught "Cash Is King". Now that I've grown up (in my early 40's), I'm realizing this is not the best way to go about things. I always hear "money makes money" but I have obviously not put that to use. + +I'm in my early 40's, married, 2 kids. Here is the breakdown: + +* Personal Accounts + * $1mm in cash + * $450,000 "play money" to trade stocks with + * $1.1mm mortgage with $1.5mm equity + * $200,000 in syndication real estate +* Business Accounts + * $3,100,000 in cash + * most of this is not needed to run the businesses and can be withdrawn to personal accts +* Retirement Account + * $1,100,000 in cash + * $650,000 in VTSAX + * $250,000 in stocks + * $150,000 in a mortgage fund + * $100,000 in life shares + +My income through my companies is around $1.5M annually, pre-tax. I contribute about $400k annually into a defined benefit pension for retirement. + +Clearly, I don't know what I'm doing other than running my businesses. I have some questions about what I can see but I definitely have a lot of blind spots that I would love to see. + +1. Is the $1.1M cash in the retirement account a terrible idea? My plan is to invest it all into VTSAX when there's a correction in the market. Is it better to do that now instead? +2. If I pull out $2.5M from the business and have $3.5M in cash, I don't feel safe putting this in the market because I have to take care of my family's needs, including two little kids in elementary. I don't think I can handle the ups and downs because I don't know how much longer the businesses will provide the income that they do. Is this valid thinking or is that too much cash? Where would this personal money be invested ideally? +3. What am I missing (other than a brain)? +As it says i want to know the in's and outs, im finally almost at net 0 ad moving forward id like to be smarter. what are some good free courses to learn about my finances + Currently, I'm a finance major and have noticed some scary trends in housing prices. In the 1960's house, the price/income ratio was around 2 but now that ratio has risen to almost 6 in most areas. Also, the CPI does not account for inflation correctly as it ignores new technology on products that increases the price. For example, if a car now has digital screens vs a 1960's car without screens that are not accounted for in inflation. (The CPI only accounts for car inflation from the 1960s at less than 100% while the real change is +300%) As a young kid who knows a decent amount about econ/how the world works I just don't see any good places to put cash as the stock market is extremely overvalued (Shiller PE), Bonds are yielding negative real returns, real estate is too expensive for me. I JUST HAVE NO CLUE WHERE TO PUT MY MONEY!!!!!! +I am low on money and I was trying to get a job, but I was not sure how. Any recommendations on jobs that are decently paid without credentials(I am doing my bachelors)? +**Disclaimer: This is not financial advice. This is purely for educational purposes.** + +With the recent trend reversal in small cap stocks, specifically meme stocks, I’m seeing an influx of questions on what to do with an ITM covered call. Hopefully I can put those questions to rest with this post + +**Strategy #1:** buy a further OTM Call. This is also considered Gamma hedging, but I’m not gonna get into that in this post. Typically I’d only buy a further OTM call if the implied volatility hasn’t increased much, but that’s just me. I shouldn’t need to say this, but I’ll say it anyways, ONLY BUY THE CALL IF YOU ARE STILL BULLISH ON THE STOCK. This strategy is great for capturing the upside without just straight up buying another 100 shares. + +**Strategy #2:** Sell a naked/cash secured put. Again, another bullish strategy because typically a breach of a covered call is a bullish sign. I strongly suggest not selling a naked put unless you’re an advanced options trader and have a good grip on who you are as an investor and what risk you’re comfortable taking. + +**Strategy #3:** Sell a Put Credit Spread. This is a great strategy for collecting premium without the full downside risk of a CSP. Though I would argue it requires a little more attention than the other two since it is a multi leg play. Depending on how much premium you collected from your Covered Call, you could just use your premium to pay for the credit spread, and not risk any of your principle. + +**Strategy #4:** Open a bull Debit Spread. This is similar to strategy #1 in that you will buy a further OTM Call, but if you have a smaller account, debit spreads are great for getting exposure to more upside while requiring less premium upfront. The trade off is capped gains, but IMO capped gains are a safeguard against greed. + +Mikey Boy over at TastyTrade also has a great video going over covered call adjustments, so if you’re a more visual learner, [here ya go](https://youtu.be/i8eeZBmXdto) + +Edit: I didn’t think it needed to be said, but yes, another strategy would just be to sit on your hands and let the CC expire and get your shares called away. I really thought that went without saying, but apparently not +My wife and I have been on food stamps and Medicaid for over seven years. SNAP has been a lifesaver. It's not a perfect system, and there are hoops to jump through, but it has kept us fed when we would otherwise not have been able to feed ourselves. + +Then suddenly, last month, my wife needed major abdominal surgery to remove some tumors. We'd gone to the doctor a few times over the years, but we had never put our Medicaid coverage to the test. I have to say, the care she received was top drawer, the surgeon was amazing (the surgery was partially robotic!), and, best of all, we never saw a bill of any kind from the hospital and never made a single co-payment. + +So, to everyone who pays the taxes that make Medicaid possible, thank you! The next time you hem and haw about paying taxes because you imagine your money being wasted on unnecessary government spending, remember that there are ordinary folks out here who greatly benefit from those same dollars. +Background: I spent my time college being REALLY bad with money, resulting in functionally no savings, no investments, and a really limited budget, which was not fun because I didn't choose to be on the budget, I just had no money. I think there's leftover anxiety from 1) knowing that I was the one who caused the problem, and 2) barely having enough money to survive. + + +I now have a steady job, excellent insurance coverage, an almost-complete emergency fund, no debt, and a budget that I can comfortably stick to. Four months into the job, I'm putting away 40-45% of my salary into savings (high-yield savings account) and around 10% into investments, and I'm planning to gradually move towards a more equal split between the two. + + +I'm staying well on top of my investments and my finances, which is an improvement from whatever I was doing in college. However, even though retirement calculators suggest I'll be able to retire at my desired age, I still find myself constantly worrying about whether I'm putting enough money to retirement. + + +How do I get over this? For anyone who's been through something similar, does it go away eventually? +In a recent press release on Twitter, PPFAS stated + +>In order to avoid breach of industry-wide overseas limits as allowed by RBI, Pursuant to SEBI's advice and AMFI clarification dated January 30, 2022, Schemes intending to invest in overseas securities need to stop accepting inflows w.e.f February 02, 2022. Accordingly, we will be stopping all forms of subscriptions in: **Parag Parikh Flexicap Fund** +> +>Ongoing SIP/ STPs will not be affected as of now. Click above for the Notice cum Addendum. All purchase requests received after cut off 3:00 PM on February 01, 2022 will not be accepted and processed. +> +>Warm Regards, +> +>Team PPFAS Mutual Fund + +[Source](https://twitter.com/PPFAS/status/1487740368334766080) +Investing 20k per month in SIPs (75% equity, 25% debt). Planning to buy stocks of Indian Oil, Vedanta and Balaji Amines. This is based on my 1 week research that Indian Oil will play a big role in setting up EV infrastructure in India, Vedanta is expanding into semiconductor market and Balaji Amines is a good chemicals company that is not too overpriced. + +I know no one can predict the market but looking for general thoughts if I should wait few months before investing and if the above options are good. +My boyfriend (36m) and I (29f) have been dating for 5 years and we have large income differences. My NW is around 1.2 million and I earn roughly $400k per year. He has 30k in debt and earns around $80k per year. + +I love him and we’ve been together 5 years. From the beginning, I said I never want to get married and he said he’s okay with that, as we both don’t come from happy families, and he’s ambivalent about marriage too. We both don’t want kids. + +The thought of being legally bound to someone for the rest of my life scares the beejesus out of me. I know first-hand how fast and unpredictably feelings and people can change, and how expensive and financially devastating divorces can be, especially for the higher-earning partner. That said, I do see a (hopefully) long and happy monogamous relationship for us. + +Given that we don’t want kids, I never want to get married or share finances. I am about to buy a house and when I do, my boyfriend can live there rent-free or contribute to groceries. When we vacation, I don’t mind paying the bulk of it. If he wants my financial advice I am more than happy to help advise and/or maybe even help pay off some of his student loans. + +But in no way do I want to share my money with him (or anyone) in the sense that my take-home salary is now jointly ours and belongs to both of us. And in the case where if we break up, I would have to owe him anything or split any of my current assets. + +Am I being selfish? One of my friends was saying the whole point of being in a relationship is that you share your wealth financially as one team. If I’m being honest, if we were in the same financial position, I think it would make a lot more sense to share things together. I do feel selfish that I am making a lot more than him and have a lot more assets and don’t want to share, but at the same time I feel like I’ve worked extremely hard to be where I am and I want to remain financially independent and in total control of my money. I’ve heard of prenups but AFAIK, in the event of a divorce all assets accumulated during the marriage would need to be split equally. + +Has anyone been in a similar situation with a large income gap between partners? Anything you would or would not recommend? +Hey all, + +Please suggest some of the YouTube channels that you follow to understand the fundamentals of economy... Like economics explained(https://youtube.com/c/EconomicsExplained) + +Also, if there are channels that helped you to understand the changes in economy +According to the IMF ([https://en.wikipedia.org/wiki/List\_of\_countries\_by\_government\_spending\_as\_percentage\_of\_GDP](https://en.wikipedia.org/wiki/List_of_countries_by_government_spending_as_percentage_of_GDP)), + +&#x200B; + +||% of spending|% of revenue| +|:-|:-|:-| +|**capitalist**||| +|USA| 46.179 | 30.337 | +|France| 62.4| 52.51| +|Netherlands| 46.89| 41.32| +|Canada| 52.45| 41.79| +|Australia| 44.98| 35.03| +|**socialist**||| +|China| 36.98 |25.59| +|Venezuela|10.93| 5.89| +|Vietnam| 21.59| 16.17| + +How does this make sense? Shouldn't most or all of the economic activity be by the government in these countries? + +Does % of GDP by the government somehow not measure the degree of government involvement in the economy? + +I'm confused. +Struggling with this (as I’m sure many of us have) and looking for input.. As you’ve grown in your career, how have you combatted self doubt and imposter syndrome? + +I am a 30 year old dentist and practice owner living the Midwest, and my wife is a 30 year old physician assistant. No kids yet but trying to start soon. + +Right out of dental school in 2018, I took a big risk to start my own practice from scratch. After a few years of extremely hard work in and on the business, I have been very fortunate to see significant growth. + +In 2021, I will come close to netting 800k income before taxes, and combined with my wife that number will be around 925k. In 2017, our net worth was close to negative 850k with student loan and practice debt combined. Now it is around 2.5mil (with about 1 mil of that in index funds and a good majority in the valuation of the business.) The practice continues to grow. + +We are very efficient with our time at the office and I usually work 12-14 days a month clinically, with admin work sprinkled in here and there. + +What I am struggling with is the psychology of making, what is to me, so much more money than I have ever been accustomed to. I grew up lower-middle class. My wife and I don’t spend money on anything crazy, although we take lots of trips and spend money on things we care about. I truly truly keep my patients best interests at heart and I know we provide great value to them. + +Still, I sometimes struggle with the idea that I somehow don’t deserve what I have despite the years of sacrifice and hard work. I feel like an ordinary guy. Sometimes I become sad seeing service workers and other hourly workers working themselves to the bone and how they would probably kill to be in my shoes. I also struggle to see how this success can mesh with my Christian faith. + +I usually enjoy my days at the office, but I was not born to be a dentist. I could and would spend my time doing many other things if given the choice. + +I’m seriously considering therapy but not sure how to find a good one. I’d love to discuss together and talk about how one can deal with these issues as a high income professional. I am still very young in my career and success and hope to learn from you all who have been there before. + +Happy Thanksgiving! +"Holy moley, what a game[stop]" [(Gould, 1892)](https://archive.org/details/bub_gb_oDgPAAAAQAAJ/page/n219/mode/2up) + +HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY +My partner and I already have a PPOR and weren’t actively looking. We went to an open inspection a couple of weeks ago, coffees in hand for something to do on a weekend. Was a few interested parties present at the inspection but not super busy as has been in the past. + +House was nice, got talking to the agent and he verbally gave us a price guide for the place which we didn’t think was unreasonable but not an amount we would pay - especially since houses have been selling for upper end or more of these agent price guides. + +We went home that night, enjoyed a few alcoholic beverages between the two of us, were in a good mood. Decided to randomly put in a low ball offer 5% lower than the bottom of the price guide. + +Agent called us to play the game a couple of times ‘we have other offers, do you want to increase your offer?’ Etc. we didn’t budge an inch including our terms on a long settlement (since we didn’t really plan this, we needed time to organise). + +Ended up signing and buying a house unexpectedly. We need to rush to sell our current house but I thought I’d share our story. + +Edit: details of the purchase for those asking + +- 550sqm +- 3.5 bed, 2 bath, double garage, structurally sound, move in ready +- Kitchen, bathroom, outdoor entertaining area all renovated in last 3-5 years +- 20-25 min drive to CBD (Adelaide) +- 5 min walk to beach +- 5 min walk to train +- Popular school zoning + +5% under guide might not be a low ball but based on our observations over the last couple of years houses like this sell for 10% or more over price guide, not 5% under. + +And yes we will be selling our current PPOR. + +Edit 2:yes we are fortunate enough to be looking at houses like this, ironically this is mainly because we have benefited from increased value of our current PPOR. The reason is upgrading to support a small family in the future. +https://www.credible.com/blog/data-insights/us-cut-student-loan-rates/ + +Quote from article + +*The new rates on federal student loans, effective from July 1, 2019, through June 30, 2020, will be:* + +*Undergraduates: 4.53% (down 10% from the 5.05% rate in effect during 2018-19)* + +*Graduate students: 6.08% (down 8% from the old rate of 6.6%)* + +*Grad and parent PLUS loans: 7.08% (down 7% from the previous rate of 7.6%)* + + +Article also states this could mean a total of 2.9billion saved by undergraduates. +I always read people going from broke to millions by real estate, but how did they get in without capital for a down payment? I want to build long term wealth and own a house as the “American dream” but covid has depleted all my savings and and income coming in. Looking for pointers on getting out of this depressing situation. + +**Edit 3/11:** Thank you all for the replies, slowly working my way through them! The job market has been tough to find something while I work on building RE knowledge. +Even though country is affected by Covid more than last year, why is stock market stable if not ?increasing this year compared to the same time last year? +So from last year after covid crash there are many reports from different brokers that the retail participation has drastically increased in Indian stock market. The overall sentiment from experts over this change is that this is very good for overall economy and its sign of long term growth story. + +But I am not able to digest this sentiment fully. In my limited knowledge if more retail participation helps companies to raise capital then it makes sense e.g. IPOs and corporate debt instruments but how increase in trading and long term investments in equity helps grow the economy? + +What are your thoughts and insights? +I mean I have a book for 10 bucks which means I just need 2k people to buy it. How can I promote my book? I don't even want to be a best-seller or anything just need $20k.. +I praised BTC in the past so many times because it introduced me to concepts I never thought about, but this recent news of billionaires joining the party got me thinking. Since when are the people teaming up with those that are the root cause of their problems? + +Now I know that some names like Elon Musk can be pardoned for one reason or another but seeing Michael Saylor and Mark Cuban talk Bitcoin with the very embodiment of centralization - CZ Binance... I don't like where this is going. + +Not to mention that we all expected BTC to become peer-to-peer cash, not a store of value for edgy hedge funds... It feels like we are going in the opposite direction when compared to the DeFi space and community-driven projects. + + +As far as I am concerned, the king is dead. The Billionaire Friends & Co are holding him hostage while telling us that everything is completely fine. This is not what I came here for and what I stand for. I still believe decentralization will prevail even if the likes of Binance keep faking transactions on their chains and claiming that the "users" have abandoned ETH. + + +May the Binance brigade have mercy on this post. My body is ready for your rain of downotes and manipulated data presented as facts. + *Throwaway account for obvious reasons.* + +I recently sold my business, and I feel incredibly fortunate to have €3 million at 30. I worked hard for 14 years to archive that, and now I want to take it easy and pursue other things besides money. + +I live in the EU, and my expenses now are about €30k/year. But I plan to start a family and have kids soon, so my expenses will be about €60k in a few years. I don't own a house, but I plan to buy one soon, and I'll probably spend about €400k for it. I want a simple life, and I don't care for luxuries. + +The assets I decided to buy and hold are: VWCE for stocks, AGGH for bonds and a small percentage of crypto (BTC & ETH). + +However, I'm unsure about the allocation. Bonds don't pay anything now. But I already have enough to retire, so why take too much risk with a large stock allocation? + +Please let me know what allocation you'd suggest? +[Estimated sea water level in 2040.](https://i.imgur.com/PmjDcxi.png) + +A lot of sources are claiming the sea water level of Mumbai and the rest of the world would rise dramatically. Keeping that in mind, is it advisable to invest in property in a city like Pune cause a lot of businesses and people would consider moving to Pune (in my opinion). What do you all think? +#Major Edit + +Based on a lot of the replies, I need to clarify something that I failed to clearly state. + +##This is opinion, not fact, and I have changed the flair to "Discussion" to try and make that more clear. + +If GME does announce something along these lines, **they will make it obvious**. What I wrote below is about what I think are *hints at what might come.* I believe these pieces show that GME left options open to be explored, and I am hyped because I previously did not see a workable way to make these sorts of things happen. + +Until GME actually makes something official, don't go buying some crypto nonsense that looks like it might be related. It isn't, you're just getting scammed. Wait for the real deal! Who knows - maybe MOASS strikes without any catalyst at all. + +##I am hyped, I hope you're hyped, but don't waste your money on scams. + +###Original post below: + +Someone, anyone, please rain on my parade. I want to be proven wrong here. Seriously, my body was not prepared for this. + +From a recent GME filing with the SEC, page 16: + +> Any underwritten offering may be on a best efforts or a firm commitment basis. **We may also offer securities through subscription rights distributed to our stockholders on a pro rata basis, which may or may not be transferable.** In any distribution of subscription rights to stockholders, if all of the underlying securities are not subscribed for, we may then sell the unsubscribed securities directly to third parties or may engage the services of one or more underwriters, dealers or agents, including standby underwriters, to sell the unsubscribed securities to third parties. + +Then later on page 17: + +>Unless otherwise specified in the related prospectus supplement, each series of securities will be **a new issue with no established trading market**, other than shares of our common stock, which are listed on the New York Stock Exchange, or NYSE. Any common stock sold pursuant to a prospectus supplement will be listed on NYSE, subject to official notice of issuance. We may elect to list any series of preferred stock on an exchange, but we are not obligated to do so. **It is possible that one or more underwriters may make a market in the securities, but such underwriters will not be obligated to do so and may discontinue any market making at any time without notice. No assurance can be given as to the liquidity of, or the trading market for, any offered securities.** + +The real kicker, however, comes just a tad beyond that. Please indulge a little bit of background text: + +>We may enter into derivative transactions with third parties, or sell securities not covered by this prospectus to third parties in privately negotiated transactions. If disclosed in the applicable prospectus supplement, in connection with those derivative transactions third parties may sell securities covered by this prospectus and such prospectus supplement, including in short sale transactions. If so, the third party may use securities pledged by us or borrowed from us or from others to settle those short sales or to close out any related open borrowings of securities, and may use securities received from us in settlement of those derivative transactions to close out any related open borrowings of securities. If the third party is or may be deemed to be an underwriter under the Securities Act, it will be identified in the applicable prospectus supplements. + +>**Until the distribution of the securities is completed, rules of the SEC may limit the ability of any underwriters and selling group members to bid for and purchase the securities.** As an exception to these rules, underwriters are permitted to engage in some transactions that stabilize the price of the securities. Such transactions consist of bids or purchases for the purpose of pegging, fixing or maintaining the price of the securities. + +>Underwriters may engage in overallotment. If any underwriters create a short position in the securities in an offering in which they sell more securities than are set forth on the cover page of the applicable prospectus supplement, the underwriters may reduce that short position by purchasing the securities in the open market. + +>**The lead underwriters may also impose a penalty bid on other underwriters and selling group members participating in an offering.** This means that if the lead underwriters purchase securities in the open market to reduce the underwriters’ short position or to stabilize the price of the securities, they may reclaim the amount of any selling concession from the underwriters and selling group members who sold those securities as part of the offering. + +OK. That's a lot of legal BS, but it is relevant because it shows that whatever securities are being issued, they will still be traded along rules that seem to be relatively consistent with the rules of trading traditional securities. It does, however, also indicate that there's a certain amount of leeway for the "lead underwriter" to impact the specifics of how those trades can happen. Why is that relevant? + +#Crypto Distribution goes BRRRRRRRR: + +>**In general, purchases of a security for the purpose of stabilization or to reduce a short position could cause the price of the security to be higher than it might be in the absence of such purchases. The imposition of a penalty bid might also have an effect on the price of a security to the extent that it were to discourage resales of the security before the distribution is completed.** + +Reading this, it sounds like GME is discussing their right to issue some sort of potentially transferable security to their existing shareholders, and that there may not even be an existing market for those securities. Plus, it reads like the distribution process will have controls in place that might result in short sellers' positions becoming more expensive. + +Most critically, and most tactically awesome: this isn't a compulsory program. Nobody is *compelling* the brokers to participate in this, but it sounds like "the distribution" won't be complete until all shareholders get their portion of these securities. + +Link to the relevant portion of the Prospectus here: + +[Prospectus](https://gamestop.gcs-web.com/node/18961/html#supprom192873_27) + +**TL;DR** + +This sounds like GME is discussing the creation of a new crypto market, where every shareholder is entitled to some number of "coins" based on their stock positions. Brokers don't have to participate, but it sounds like there are some steep penalties for brokers on the crypto exchange until every shareholder gets their distribution. To my addled brain, this sounds like it creates a race to cover - the faster you get in, the more likely you'll be able to cover your short positions at a reasonable price. + +If I am wrong, please tell me. I want to understand, I don't want to spread nonsense. + +#ELI5: + +It sounds like GME is creating a new crypto currency to give to shareholders, and they're making sensible rules for how that currency is traded. These rules sound like they'll cause the crypto currency to squeeze as soon as the market opens, but then the market will find stability once the shareholders get their fair share. + +#ELIA: +Your shares get you GMECoins. GME coins squeeze. Apes get paid. Hedgies r fuk. + +EDIT1: + +Shout-out to u/ShartLadder - Thanks for pointing out the dividend discussion! +I've been wanted to write up another detailed post for some time but I've just been swamped with kids and work. For some background, I'm 36 and married (we've been together 17 years) and I have two kids (1 and 3). My wife and I are both lawyers but we don't work together. She is in-house at a large corporation. A lot of lawyers I know hate their jobs or feel like they made a mistake choosing law, and I had a lot of those same feelings when I got out of law school. So I figured I would post my story and also offer advice to others in the same situation. I've seen a lot of big firm lawyers post on this sub and have no doubt that many have wanted to go solo but just don't know how. I also am seeking my own advice on when to pull the retirement trigger and how to figure out when enough is enough. + +I'm just writing this stream of conscious, so please excuse the poor writing and any organizational issues. + +I made a previous detailed post nearly 3 years ago and a lot has changed since then: [https://www.reddit.com/r/fatFIRE/comments/88p5xg/make\_over\_1\_mil\_per\_year\_and\_want\_to\_retire\_in\_5/](https://www.reddit.com/r/fatFIRE/comments/88p5xg/make_over_1_mil_per_year_and_want_to_retire_in_5/) + +**My Background/Pre-Solo Practice** + +I graduated college in 2006 and like many people, had no idea what I wanted to do. My wife and I had tried to start a porn company with some friends after college (producing, not acting) and we really enjoyed researching all the laws surrounding the process. So we said fuck it and we ended up taking the LSAT and going to law school instead. We both went to the same law school and did very well academically. I was on law review and graduated top 1%, and she was the EIC of a secondary journal and also had great grades. + +I summered 2L year for a big firm and really hated it. I started to get depressed thinking that my life would be 30 years of grinding 80 hour weeks in a sterile office building. There wasn't enough money in the world that could convince me to do that. As a result, I was extremely lazy over the summer. I left early every day, skipped out on summer associate events, and checked out mentally for most of the time. At top law schools, it is shoved into your brain that the only jobs worth taking are big firm jobs. So I decided that law wasn't for me. + +When I graduated, my wife got an in-house job close to where we wanted to live (she actually applied for a non-law job at the company and they offered her an in-house job), and I got a non-law job at the same company as a business analyst. The company had thousands of employees, but this particular office had about 200-250 people. We also took and passed the bar exam. At that point, I had committed to just trying to work my way up in a boring corporate job. It wasn't that exciting, but at least the hours were good and I could hang out with my wife during the day. + +After about a month, one of my co-workers came to me for some legal advice. He had been in a car accident and asked me what to do. I had been in a car accident in high school and remembered they could settle for good money. So I offered to help him. I formed my firm, got malpractice insurance, and began moonlighting afterhours taking cases. After a few months, I had a dozen or so cases that ranged from personal injury to bankruptcy. After about a year, I had a caseload of about 40 cases. + +I ended up making more money moonlighting than I did with my non-law job. I also really started to enjoy the law and realized that big law wasn't the only way to be a lawyer. I am a people person and really liked talking to regular people all the time. I also felt good helping every day people with their legal issues and doing some good for the community. After about 18 months at the company, I quit and joined a law firm. The owner of that firm was a super cool and entrepreneurial guy. He gave me a base salary plus a percentage of work that I worked on and originated. At that firm I handled every type of consumer law. + +**Going Solo** + +Eventually, I figured that I knew enough and was confident enough to start my own practice. We had just bought a new house and my wife's salary was not enough to cover all of our bills. The decision to quit my job and start my own firm was scary as fuck. I had a ton of anxiety and went back and forth on the decision for two months. I gave my notice that December, and on January 1, 2014, I started my own law firm. + +The first month went horribly. I got the worst flu I had ever had in my life and couldn't work at all for the first two weeks. I had this dreadful and terrible feeling that I made the wrong choice, and I felt for months like I was an unemployed loser. We are constantly told growing up that we need to work for other people and the measure of success is how good and prestigious of a job you have. Running a small shitlaw firm was not what they tell you to do in law school. + +**Marketing/Growing the Firm** + +I'll make another more about my marketing and firm grown, but I'll discuss some of it briefly here. I grew my firm without any paid marketing, and for the most part, I don't do much paid marketing now. When I first went solo I spent most of my time (and I still do) handing out business cards. I handed out thousands the first 6 months. I would talk to anyone who would listen to me. I also posted ads on craigslist every morning, gave talks to frats/sororities about their rights, and gave talks at local community centers. I took on literally anything that would come through the door. + +Over time, I slowly narrowed my practice areas. First, I cut my practice from everything to criminal, employment, personal injury, and business litigation. Then I reduced further to criminal law and personal injury. Eventually I streamlined it to just personal injury. Having a mix of continency, hourly, and flat fee work was great at the start for consistent cash flow. But once my contingency pipeline got full, it was clear that personal injury was the best money. + +As of today, I have a caseload of over 600+ cases and 10-15 staff (including a few other lawyers). I have a one-third ownership interest in another injury firm that has 200-300 cases. For that firm I do no work, I just send them my overflow cases and get a percentage of firm revenue. I also have a third firm that doesn't consumer class actions that I own 50% of. That firm started this year and we got a mid-seven figure class action settlement last month. + +I still spend very little m oney on marketing, and the vast majority of my cases come from word of mouth (mostly former clients) and handing out business cards. Don't underestimate face to face marketing. I probably hand out 2,000+ business cards a year still. + +**My Firm NET Income By Year** + +This doesn't count income from my other endeavors (real estate or my other firms). + +**2014 -** 300K + +**2015** \- 600K + +**2016** \- 800K + +**2017** \- 1.2 Million + +**2018** \- 3 Million + +**2019** \- 5.6 Million + +**2020** \- 5.5 Million YTD. Should end the year at 6-7 Million. + +**Current Assets/Net Worth** + +Primary Residence (Paid Off) - $1.5 Million + +Rental Property (Rent to Mother-in-Law for zero cash flow) - $400,000 in equity + +Multi-Family Property (12 unit owned with some partners) - $730,000 in equity (my share) + +Retirement Accounts/Taxable Accounts/Cash - $7.5 Million (about 200K of this is in an irrevocable trust for my kids and we are planning on probably moving another chuck to our kids because we are concerned about the gift tax exemption going down in the next few years) + +529 Accounts - $172,000 for each kid (frontloaded 5 years of gifts to them each) + +**Current Plan** + +My business has changed significantly since my last post several years ago. For one, I went from two employees and working from home to over 10 employees and an office in a very short period of time. My overhead now is close to 1 million a year (although my gross receipts are exponentially higher). + +Last year I brought on one of my former business partners in my other law firm to run my litigation department. He basically gave up an ownership interest in the other firm to join mine (he is a lawyer). He isn't an equity partner but his compensation is based on firm performance. As a result he gets paid very well. The benefit is that he runs all of my firm's litigation now and tries most of our cases. I probably would have made more money this year without him but my stress is way down now. I also hired my brother to run my pre-lit department. He isn't a lawyer but ran operations for a large company for ten years. Between my brother and the other lawyer, the goal is for them to run most of the day-to-day. That way I can focus on the things I enjoy (mediations/trials/negotiating) and growing the business. + +At my current rate by 40 I should have 20 million+ NW (assuming similar performance the next few years). At that point I am torn between stopping completely, keeping my firm growing, or something in between like working part-time and having highly paid employees who can run the entire thing. The problem for me is that I am very involved in the business and the clients hire us mostly because of me and my relationship with them or their referral source (usually a former client). I also find it hard to think about anything other than work, and taking a vacation means working several hours a day even when I'm out of the country with my family. + +**Investment Strategy** + +We live primarily off my wife's income (around 160K) and invest most of what I make. I own a 12 unit apartment building, a rental property, and my primary residence. The rest of the money is put into index funds and I have a decent amount in cash to look for other real estate deals. When I posted 3 years ago I wasn't investing much into taxable accounts, but that has changed a lot. I actually dumped a ton of cash into the market in March and it has worked out fairly well for me. My short and long term goals are to just buy index funds as I take distributions and save some to buy a multifamily property every year or two. I also have an estate planning attorney that has been helping me gift over portions of my estate to my kids irrevocable trust. The only other thing I am thinking about doing is setting up a deferred comp plan and putting a portion of my settlement fees into it every year. From what I've read it is fairly easy to do as a contingency lawyer. The only downside is an annual 1% management fee but I figure the tax deferred growth will offset that. + +**Goals** + +My goals have changed a bit since my last post several years ago. I went from making 1 million in 2017 to making over 5 million last year (and a repeat or better this year). I originally thought about pulling the trigger and stopping at 38 but it makes sense to put in a few more years at this income to set up not only myself for life, but my kids. I want them to work but I want to make sure they are covered for college, have enough money to buy a home, get married, have kids, and take risks in business. Because of the lifestyle my wife and I live, our kids won't know the extent of our wealth, and we don't plan on sharing how much they will have until they are well into adulthood. I currently have enough in their 529 accounts to cover college (172K each that will grow over the next 18 years), and they do have an irrevocable trust set up. I plan on funding that over the next few years with the goal of them each having 1-2 million by 25 (and they will get control incrementally between 25-30). + +Even though I have a very high level of motivation and ambition to grow my business and make money, I have very little in terms of monetary needs. My wife is also the same. Despite making millions a year now, we spend about 10-12K/month (to be fair our house is paid off though). We have had practically zero lifestyle creep over the last 5 years. The majority of our increase in spending was as a result of kids. And out of that, 3.5K alone is for our kids preschool/day care. Once they are in elementary school that cost will go away. We have access to great public schools so there is no reason to pay for private school. + + I mostly care about spending time with my wife and kids. My hobbies are cheap, and I would be happy most of the time reading, playing video games, working out, traveling, and hanging out at home with the family. The only real splurge we have is travel and eating out. We do a fancy dinner once or twice a month, and do several trips a year (we fly coach and usually don't spend more than 3-5K per person on a 2 week trip). + +The biggest issue for me is that it is hard for me to disconnect from work. I am very disciplined about spending time with my family (I am always home no later than 530pm, I have dinner with my kids, bathe them, play with them, and put them to bed. I spend 100% of my time every weekend with my family), but I think about work non-stop and have a very hard time turning off mentally. When I go on vacations I always am putting in 3-4 hours a day (usually before the family wakes up) and can't remember the last time I went a full day without doing something work related. I sometimes feel like I should keep going indefinitely because the money is so good, but I already have more than I'll ever need and in a few years I'll have more money than I would know what to do with. + +I would love to hear from other professionals on this forum regarding if they just reduced hours or sold out completely. It is actually very hard to sell a law practice and the majority of the firm's value (besides its current caseload) would be my personal relationship with my clients. I just don't know if it is worth working for another 20 years just because it's a lot of money. I am already at the point where each dollar does little to impact my life. + +**Advice** + +I understand that I am in a very fortunate position and I have mentored dozens of lawyers over the years. I am happy and would be honored to answer any PMs and posts about advice for running a law practice. I'm also happy to chat on the phone or via email too (or if you are local, grab a beer). Just PM me. Even with all the stress, I can't imagine doing anything else as a lawyer and I think people unhappy at law should really consider this path. + +**Finally, I can verify any of this information with mods. So Mods, just PM me and I can send whatever you need for verification.** +Firstly, don’t mean to incite any political debate around gun laws - please refrain from that topic. + +Another mass shooting in Tulsa today. All of these mass shootings has me questioning - is the U.S. the safest place to be for a family with growing kids? I’m halfway to fatFIRE but still firmly on track - and moving could derail these plans - but there’s something to be said about moving to a safer place. + +Anyone gone through this decision process? What did you consider? +What are your thoughts on this? + +[https://www.cnbc.com/2021/01/07/elon-musk-is-now-the-richest-person-in-the-world-passing-jeff-bezos-.html](https://www.cnbc.com/2021/01/07/elon-musk-is-now-the-richest-person-in-the-world-passing-jeff-bezos-.html) +So I am currently 15 and have about 700$ in a s&p 500 index fund. But I have always looked in awe towards the great investors such as buffet and graham, and would like to learn value investing. I know I probably won’t be able to beat the s&p but I would still like learn the fundamental ideas and strategies so I was wondering if it is possible for a 15 y/o to get started considering how complicated everything seems at face value. +Summary: + +Single, 30 yo in Toronto renting. Won’t be able to afford a house anytime soon, so figured I should start investing for my retirement. I don’t want to touch my investment for 30 years, and want something easy to manage. + +Set up comfort balance mutual funds with TD, then researched here that investing in XEQT (ETF index fund thing I guess lol) is the best strategy for me to save for retirement. I’d be paying a lot of fees with TD mutual funds. + +I want to close my TD mutual funds, move the money to XEQT and then was thinking to buy $200 of XEQT monthly for now. + +Is this a good idea right now? Had a friend telling me this morning to wait until the bubble pops a bit and stock prices go down so I can buy at a lower price. He suggested I wait 6 months before buying anything. + +Just want to make the right decision for my future lol, what do you guys recommend? +My rental property is a brand new home located in an “A” neighborhood and rents for $2,400/month. Is it reasonable to require rental applicants to have a minimum credit score of 700? Or should I lower that to 650? +Hello, as the title suggests, initially I joined thinking wanting to FIRE with \~2.5 m would be fatFIRE, but idk if thats true since most folks here seem to have a NW much higher than that. Our household income presently is \~220K/year, hopefully \~260K/year by the end of 2022. We intend on saving 60-70K a year total, while maintaining a decent lifestyle (high budget for travel, intend to start a family soon and send our kids to private school). Our current NW including our house is \~270K. +Would you consider this fatFIRE or nah? asking because so far none of the posts have been relatable in terms of getting real helpful information from them. + +If this sub is indeed the right place for us, would love to know if anyone thinks short term rental properties are still a good idea? Airbnb has gotten a lot of bad press lately and would love to hear if anyone's experience has changed in the last 2 years. + + +P.S. I work in tech as an IC, goal is to make VP, if anyone in this sub has done that successfully, would love to hear how you got there! +I have about $1,100 saved up and I'm 14. How much should I be saving? I have a year and a half until I'm 16 and need a car. Thanks! +Edit: Thank you everyone for all the information you gave me. +(You can watch an extended version in video here: [https://www.youtube.com/watch?v=lIHPTkF95Lg](https://www.youtube.com/watch?v=lIHPTkF95Lg)) + +The Buffett Indicator recently hit 214%, an all-time high. In an article from 2001, near the top of the dotcom bubble, Buffett said that if it'll reach 200% "we are playing with fire". + +I'll try to answer whether it still means that today, and does the indicator being so high definitely means we are in a bubble? + +\--- + +**What is the Buffett Indicator** + +Proposed in 2001 by Buffett as "probably the best single measure of where valuations stand at any given moment", it was shown as a reliable measure going back on the status of the market. + +It's calculated by taking the total stock market capitalization, through the Wilshire 5000 index, divided by the US GDP to represent the US economy. The idea is to have a view of how high the stock market is compared to the real economy. + +Stock market valuation (Wilshire 5000) / Economy (US GDP) = Buffett Indicator + +**Current market valuation** + +The current indicator valuation is 214%. + +[https://www.advisorperspectives.com/images/content\_image/data/dc/dc10cd5fdc5801e5fc774a0a9ded2f9b.png](https://www.advisorperspectives.com/images/content_image/data/dc/dc10cd5fdc5801e5fc774a0a9ded2f9b.png) + +This valuation is an all times high valuation, much higher than we had in the dotcom bubble for example. + +But it doesn't mean we are in a worse place than we had been in the dotcom - + +**Detrending** + +As technology and methods of working evolve, productivity is higher. It takes less to create what we created a few years back. + +Because of that, valuations are naturally higher. It takes less capital to generate more value - making the valuations of companies higher. + +To adjust to that natural trend, there is a need to de-trend the graph to compare to previous periods. Here is the de-trended graph: + +[https://www.advisorperspectives.com/images/content\_image/data/56/56502fc700e33ec41b0f4bd4d7e5960e.png](https://www.advisorperspectives.com/images/content_image/data/56/56502fc700e33ec41b0f4bd4d7e5960e.png) + +With the de-trend, we see that we are not much higher, but basically the same as the top of the dotcom bubble. + +Still, not good news, but here comes the reasons why "this time its different" (Pun intended) + +**Issues with the Buffett Indicator** + +\-It's no longer the single best indicator- + +Buffett Himself mentioned it in a Berkshire annual meeting. + +Instead, a combination of indicators is necessary. + +One that I recommend is the recent article by Ray Dalio. As the biggest macro investor in the world, I imagine that his combination of 6 indicators acts better. + +[https://www.linkedin.com/pulse/we-stock-market-bubble-ray-dalio/](https://www.linkedin.com/pulse/we-stock-market-bubble-ray-dalio/) + +And by his indicators, the answer isn't that straightforward as we might infer from the Buffett Indicator alone. + +\- It's too focused on the stock market - + +The Indicator measurement for the "market" is the value of the stock market alone. + +Traditionally, that worked very well, as other assets were a good option too - so an expensive stock market meant a bubble. + +But in today's situation, there are no other assets. + +With interest rate at 0.25%, Fed money printing, and massive bonds purchases plan - the bond market is virtually non-existent for investors. + +Add to that inflation, and the bonds market and most alternative assets are in a real negative return situation. + +While in the dotcom bubble, we had 6% interest rate, and no inflation - so the alternative assets were lucrative enough. Yet, the stock market was as relatively expensive as it is now. + +All that is to say that the stock market is very expensive - but for good reasons. In the dotcom bubble, it was as expensive - for no good reason. + +Your understanding and conclusions from that may vary - either way, I think it's interesting to examine, and it gives another perspective on today's markets. + +P.S If you prefer to watch a video with similar content of me discussing it, it's here: [https://www.youtube.com/watch?v=lIHPTkF95Lg](https://www.youtube.com/watch?v=lIHPTkF95Lg) +Potential stupid question here so please bare with me.. + +1. If say I hold shares for 5 years, is the interest being compounded? And if so is it daily/weekly/monthly? Or is it just that they have gone up in value? + +2. Or does one need to sell / rebuy to benefit from compounding? + +3. Is there any difference? + +I know dividends being reinvested means that the return is compounded, but not sure how this applies to non yielding shares? + +Thanks +I hate how I want money, I hate how im born to have to work for it. Its as if its the center of the human race's universe. Yea yea, the rich dont care about it as much as us down here cuz theyre too busy building their legacies. But i hate how its such a fucking burden to just be able to live. + +I hate how this earth is so beautiful but we just cant have the freedom to explore it without money! Don't get me started with borders! Imaginary fucking lines that divide us all. + +Its my birthday today and I cant enjoy it because my thoughts are plagued with how to earn money. I should be thankful that Im alive but my mind has been programed to worry about money. Is it my fault im thinking this way? Perhaps. But I wont sit here and lie to myself by pretending everything is okay. + +Im in the negative end of the specteum when it comes to money: + +No stable income +No financial freedom +No passive income + +It would be nice to be able to experience the other end of the spectrum where I have financial freedom to be able to do everything I ever wanted to do. But sadly I have to work for it. I know what most of you are thinking, man this snowflake needs to be more grateful and get to work! True. Allow me this time to be vulnerable because ive been faking the way i feel about money for the longest time now and it breaks my heart that ive been running in circles this whole time. Im NOT okay! + +I wish i could have the same peace Thanos had when he was sitting in that hut in the middle of those fields. Bro he really looked at peace in that moment. I want to experience that but with money. + +Im just tired man. +I need to make extra $ to support myself, currently, I'm working 35 hours a week bringing home about $1,500 per month. It's nowhere near enough but I'm working on building my savings. What are some legitimate side hustles or websites where I can find legitimate side hustles? I'm willing to put in the work, anything to make AT LEAST an extra $500 a month. + +&#x200B; + +I'M NOT looking for "easy" money like surveys that earn you .50 cents. I'm looking for hustles that worth while and bring in a decent amount of money. + +&#x200B; + +Is UberEats still profitable in 2022? +I attempted to post this thread on PF, but it was removed, so I am reposting it here as I think that many readers here are affected. + +--- + +The US Congress passed H.R.6800, also known as the HEROES Act, on May 15, 2020, but it is currently being stalled by the Senate. This bill is very similar to the CARES Act, but it expands the pool of eligible recipients of a second round of stimulus payments (including full-time students under the age of 24 as dependents) and requires that private student loan lenders offer the same forgiveness and repayment terms as federal student loans. The bill also includes $200 billion budgeted for hazard pay for essential workers. + +Millions of Americans are still unemployed and may not be able to find work for awhile, especially given that COVID-19 cases are increasing in many areas of the country. The expanded unemployment benefits of $600/week are set to expire on July 31, 2020. This expanded benefit has been a lifeline for many people and losing it would be financially devastating. + +Please contact your US Senator and urge that to take action as soon as possible. Our government representatives need to prioritize helping Americans get through this pandemic and the resulting recession. + +https://www.senate.gov/general/contact_information/senators_cfm.cfm +Russian President Vladimir Putin has decided that Russia will demand ruble payments from so-called enemy states for its gas and oil. These countries will have to pay for oil and gas instead of dollars or euros in Russian currency. + +The Kremlin is thus creating additional demand for the Russian currency, which will dampen the significant weakening of the ruble as a result of Western sanctions. + +Now, this makes sense. But.. + +how is it different from the current situation, where Russia receives euros and dollars for gas and oil? The country could just as well use them for their exchange for rubles, which would logically strengthen the ruble in exactly the same way as receiving rubles for gas and oil directly, right? +For an economy that’s propped up on this idea of the free market… And the blatant manipulative tactics that are well described throughout this And other subs… Our regulators including the SEC are jeopardizing the loss of an entire generation of investors and all of the wealth generated through this event. + +Even with the “fixes” We’ve seen come out, I think everyone of us knows better than to think any of that is for our benefit. + +So whoever Keeps up with all of our posts and Interrupt your bosses porn hub time to report on it… If you’re jeopardizing the future of America is free market by causing a lot of faith in your investors. The longer you drag this out, The fewer people that will return. +I submit to you that the r/economics community views its subject chiefly as a cudgel with which to advance a neopopulist political point of view, producing a content stream that is hopelessly skewed, and not useful to people with a general interest in economics. + +The Federal Reserve is certainly an important topic within economics, but just as political and theological matters are crucially important to science, r/science still manages to cover its topic with breadth and genuine interest that go beyond the superficial utility of winning political and theological fights. + +*Why is r/science healthier than r/economics?* + +• 200K readers versus 40K probably helps diversify the content. + +• R/atheism, boasts 68K readers, and absorbs much of the science-ish content that is redundant, amateurish, frivolous etc. + +• R/science exhibits respect for mainstream ideas and trusted sources first. It has its share of crackpots, but it's also blessed with working professionals who are happy to explain the mainstream rudiments of their work with us and help quash the more sophomoric commenters who think they can make up in confidence what they lack in rigor. AND r/science has enough folks like me who know to look for those quality comments and send karma their way. + +Any community has a potential dark side. I wouldn't want to be a conservative constitutional scholar in this era that every tea partying nutcase thinks they're one too. Maybe r/economics needs more members, maybe it needs less by siphoning people off into a neopopulism reddit. + +I really don't have the expertise to help r/economics out of its current state; I joined out of general interest. So I'll be getting my content elsewhere, namely NPR's "Planet Money" and "Marketplace", and the regular updates from bea.gov and The Conference Board. + +Of course I'll be checking in, especially if this post goes anywhere. And if anybody does read this, I hope it at least gives you pause before submitting the next hyperbolic, redundant, sensationalized essay of political persuasion as economics content. We have enough of that. +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) +Hi all, +Hope you're well. +So I got an email from linkedIn and a certain company would like to give me an interview for a programming job. +So I(29) live in South Africa, born and raised. I've got just over 9 years experience programming on IBM machines(RPGLE). +they're offering €4000 net per month. They will also sponsor my visa and extend after 3 years if I end up staying. +Question is, would that be enough to live fairly comfortably? I'll be going on my own. +I'm still paying off a car and apartment this side, but planning to sell it all. +should I negotiate a bit more? +Company is in Brussels. should I get cheaper accommodation outside the city? +Hi guys, + +I’m a beginner passive investor and wanted some tips to greatly improve my current portfolio. I’ve been told it’s not diverse and I do believe that with the help of some of you really experience investors I’ll be able to pull the most profit out of this portfolio. + +My main question is, I have £3000 to place into this portfolio, and was wondering what would stocks/ETFs would really allow me to make the most out of the portfolio already including the stocks and ETFs I have already. + +I have attached a link which shows my current portfolio: https://imgur.com/a/cVupd0B + +As a side note I was also wondering if it’s worth selling NVIDIA and possibly re buying when the share price drops again as yes the return value isn’t much but the percentage is. + +Thanks for the help! +How many of you park your savings in Bank Fixed Deposits (FDs) here in India? + +If the CPI Inflation remains as high as in August, you stand to lose money in FDs, after adjusting to inflation! + +The latest FD Rate of State Bank of India is 4.90% (1-2 years) (5.40% for 5-10 years), while CPI Inflation for August 2020 is 𝟲.𝟲𝟵%. + +The question is: there any 'relatively safe' debt instruments which can beat this inflation rate? + +By 'relatively safe', I mean debt instruments - + +* With stable interest rates throughout the investment duration +* Unlisted, and not having any direct, visible impact of market fluctuations +* Are either government-backed or bank-issued (with DICGC protection) +* Issued by institutions with at least 5-year track record + +The following are the 𝘁𝗼𝗽-𝟳 'debt instruments that tick all the above boxes! ✅ + +1. Post Office Time Deposit (RoI = 6.70% pa) +2. National Savings Certificate (RoI = 6.80% pa) +3. Kisan Vikas Patra (RoI = 6.90% pa) +4. FDs of IndusInd Bank and SBM Bank (State Bank of Mauritius) (RoI = 7.00% pa) +5. Public Provident Fund (RoI = 7.10% pa) +6. Senior Citizens Saving Scheme (RoI = 7.40% pa) +7. Sukanya Samriddhi Account (RoI = 7.60% pa) + +*Note: FDs from small finance banks do not fulfil the track record requirement of 5-years, and are excluded from the list.* + +𝘋𝘪𝘴𝘤𝘭𝘢𝘪𝘮𝘦𝘳: 𝘛𝘩𝘪𝘴 𝘱𝘰𝘴𝘵 𝘪𝘴 𝘯𝘰𝘵 𝘮𝘦𝘢𝘯𝘵 𝘵𝘰 𝘣𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘐𝘵 𝘪𝘴 𝘰𝘯𝘭𝘺 𝘧𝘰𝘳 𝘨𝘦𝘯𝘦𝘳𝘢𝘭 𝘢𝘸𝘢𝘳𝘦𝘯𝘦𝘴𝘴. 𝘗𝘭𝘦𝘢𝘴𝘦 𝘪𝘯𝘷𝘦𝘴𝘵 𝘸𝘪𝘵𝘩 𝘥𝘶𝘦 𝘥𝘪𝘴𝘤𝘳𝘦𝘵𝘪𝘰𝘯 𝘸𝘪𝘵𝘩 𝘢𝘥𝘷𝘪𝘤𝘦 𝘧𝘳𝘰𝘮 𝘢 𝘲𝘶𝘢𝘭𝘪𝘧𝘪𝘦𝘥 𝘢𝘥𝘷𝘪𝘴𝘰𝘳/𝘊𝘍𝘗. +I noticed some people here say things like "quant firms hire the best of the best math/physics phds and they compete with each other for the smallest of the smallest edge so people in this sub are probably not making any money" or something like that. + +Sure that may be the case for these firms, who are trying to optimize their algo and increase their profitability **to the most humanly possible extent**. + +Who said retail individual algotraders like you and me needed to go **that far** to be able to be highly profitable in algotrading? That's an all-or-nothing way of thinking that should be thrown into a garbage can. + +My algorithm is fairly simple (but not stupidly simple) and doesn't require anything more than first year statistics and high school math (I realize it may actually be not simple at all for others because "simple" is relative and subjective but my point is it doesn't require advanced math at all). And my bot probably doesn't make as much as these quant firms run by dozens of math/physics PhDs. Doesn't matter. My simple algorithm still makes much more than senior developers in software engineering which was my original field before I switched to trading. And I am still improving my algo, with each breakthrough increasing my profitability. + +Also don't forget--there are some manual traders who use very simple strategies that trade with high returns and high accuracy. + +Advanced PhD level math is only necessary if your algo is extremely complicated and your goal is the absolute, humanly possible maximization of your profitability, because even simple algos can be not just profitable, but highly profitable. If you've failed to be highly profitable in algotrading, that's not because your math skills were lacking; it was because your algo was wrong. + +<edit> + +1. My inbox and chat system are overloaded due to this post. I apologize for not being able to answer all of them. I can only spend so much time on this site. + +2. A number of ppl questioned how much I mean by "highly profitable". "Highly profitable" is subjective and relative, so I use that phrase to mean anything that's reasonably considered "highly profitable" by the average person's standard, so anything equivalent to upper class income or more. Or 80k-150k or more. And yes, my bot makes more than that amount per annum. Also, I do not trade with a capital of 8 figures to make 6 figure annual return. I started with 4 figures and turned that into 6 figures within a year. That's "highly profitable" by most people's standard. + +3. Some people asked me to reveal my specific profit rate, such as CAGR. I will not reveal any specific number on this matter because 1) the exact amount of my profit rate is irrelevant to the point of this post and 2) I don't feel safe sharing that information on a public forum. But if you read my post and/or comments you would realize my algo makes 6 figures. That's the most I can reveal about the profitability of my bot. + +4. I do not deny the fact that having advanced math knowledge gives you an edge in this field, as that would allow you to explore much more diverse and sophisticated ways of algotrading, and be able to do things more quickly than if you lacked high level math. MY POINT IS THAT **ADVANCED MATH** IS NOT ALWAYS A **NECESSARY** COMPONENT IN A **HIGHLY PROFITABLE ALGO**. Not only do I use simple math in my bot, but also do many successful traders (both manual and algorithmic) from around the world. + +</edit> +What? What if anything do I do about this? Honestly would’ve rather had the money stay in my check rather than frivolously spending 100 dollars I though was extra. Wtf? Not sure if this is the right sub but any suggestions on how I handle this would be appreciated. +Retail investors lose money because they try to play hedge funds at their own game. Hedge funds have better information, better execution, and more resources. Very few retail investors can beat the market with these kinds of disadvantages. But it is possible to win by playing a game in which you have an advantage. + +**Patience** + +The biggest advantage that retail investors have is time. Professional investors are judged monthly. Waiting until an idea works out, usually, isn’t an option. If an idea will only work out in a year, it is too late. By that time, the fund could have shut down, and investors redeemed all their money. + +Retail investors face none of these pressures. If an idea doesn’t work out now, that is okay. Hold onto the idea, wait for the fundamentals to come good, and be patient. + +This isn’t an excuse to hold onto losers, we are looking for undervalued situations with no obvious catalysts. Often, catalysts can’t be predicted, this makes it difficult for professionals to participate in many situations that are undervalued. But retail investors can hold onto these situations knowing that patience will compound their advantage. + +**Quality** + +It gets even worse for professional investors: the market is composed of many other professional investors, their inability to act with patience (or the inability of their investors to do so) actually causes mispricings. + +Performance chasing excerbates cycles. If the market moves up, everyone has to buy. If it falls, everyone has to sell. As a result: low-beta, less volatile, high quality stocks out-perform. + +High quality companies are usually investing capital at a high marginal rate, they grow consistently, their advantage actually compounds over time, and most of their outperformance accrues in bear markets. For professionals, there is often no compelling reason to own stocks like this: no catalyst, and they only outperform in downturns but it is more important to chase performance in a bull market because that is when you can gather asset and fees. It actually makes more sense for professionals to own low-quality trash that you can, hopefully, flip before everything blows up. Retail investors can take advantage of this. + +Briefly: finance theory predicts the opposite. This tells you everything you need to know about how useful most finance theory is. + +**Size** + +This is more straightforward: retail investors can invest in small-caps, professionals cannot. Small-caps are more likely to be mispriced. + +The point at which size limits your actions as a fund manager is lower than most people think. Once you pass £1bn, the UK market becomes very small. Even if you are running less than £1bn, you have issues with liquidity particularly after Woodford. If redemptions start, you have to sell positions which moves prices against you, which could trigger more selling, etc. Even focused small-cap managers will run portfolios with hundreds of stocks to improve liquidity (incorrectly, liquidity is pro-cyclical). This guarantees a mediocre result even in the best case. + +Being able to pick these situations where you have an advantage is huge. + +**Execution Costs** + +The professional's advantage here has fallen significantly over the years but overtrading is still the easiest way to harm performance. Most retail investors overtrade, they hold too many positions, and they make too many transactions that don't enhance returns in excess of transaction cost. + +It is very easy to justify endless trades in your portfolio. The market is always producing information, there are thousands of companies that you could own at any time, and there will always be some combination of companies that outperforms what you already have. Before you make a decision, think carefully: am I going to beat the transaction cost on this trade? + +**Information** + +The gap here is significant. This is how some professional investors do so well despite the huge roadblocks in their way (picking your investors carefully is important too). In many ways, the information gap seems to be insurmountable. + +In most cases, it probably is. Most people don't have the time or resources to dedicate to learning. You cannot compete without a comprehensive knowledge of accounting, finance, etc. And you need a few hours every week to go through financial reports, and related news. Even if you have the basic knowledge, institutions have teams of people, effectively unlimited budget to hire experts, etc. But it isn't hopeless. + +First, retail investors can acquire the basic knowledge: accounting, finance, etc. My personal view on this has varied signficantly over the years: most people fail to make this investment in knowledge, and they are usually unaware of how little knowledge they have. But if you have the interest and time, you can teach yourself accounting, you can teach yourself finance, it is possible. You cannot skip this step though. + +Second, the informational advantage that professional investors have in researching individual stocks is overstated. + +Yes, if the average retail investor dives into some random industrial stock then they are unlikely to have an advantage (unfortunately, this is what most people do). But if you build your knowledge slowly on a limited area, take the time to work out what information is important, and focus on the situations I mention above where professionals can't participate then this disadvantage is signficantly reduced. + +Professional investors have access to large quantities of information, but the quality of information is low. Their basic knowledge is good, but reading an accounting textbook won't turn you into Warren Buffett. Professionalism is not competence, it is just a lower bound on ignorance. The environment that most professionals work in is also highly detrimental to returns: overwhelming rivers of useless information, compliance, training, pointless meetings, etc. So more hours in the day doesn't automatically convert to productivity. + +If a retail investor takes the time to carefully parse information, learn what information is important, and then invests in finding answers it will take longer but that is the only real disadvantage. Whether most retail investors can attain that level of insight is, however, not clear to me. + +**Summary** + +* Make sure you are being paid to wait - low-beta, high-quality stocks. +* Focus on low-efficiency situations - small-cap, no meme stocks, no mega-cap stocks. +* Don’t overtrade. +* Invest in basic knowledge: understand accounts, understand finance, etc. Don’t skip this. +* Go slow, build knowledge on a limited area of the market, invest research time wisely. +* Understand that you are at an informational disadvantage most of the time so you have to build an advantage in the minority of situations. +Sooo i finally did it. I closed my very first CC (on PLTR). + +Followed the standard guidelines, 30-45DTE and closed at 50-60% (i choose 60% since the fee is high when i trade options). I just want to say thank you to this community, it is easy to learn and ask questions on this subreddit and i feel like this will help my current trading setup. + +I am going to keep selling CC at a price where i dont mind selling, taking into consideration IV and upcoming news, i.e. im waiting with new CC since PLTR has their demo day coming up. + +I am hoping to sell CC on the rest of my "meme" stocks while taking support and resistance into consideration and general market volatility. + +Thank you all for the community and the great comradery! + +EDIT: very bored at work right now and reading all these kind/friendly comments and great questions/discussions is just wonderful!! Thank you, i hope to keep learning from you guys! +# Fellow Apes! + +I've figured out a plan and it **literally can't go tits up.** + +# Someone gave me a plat award! SO... + +I'm handing out **rehypothecated plat awards** to **everyone** who posts on r/Superstonk today!! + +&#x200B; + +No strings attached. Just **comment somewhere on the sub** at some point today. + +Obviously this is a big **time commitment from me**, but I'm doing it because **I love this community.** + +&#x200B; + +Also, if you can't see the plat award, don't worry... it's there. It's just short. **I promise to deliver** down the line. + +Also, also! **Feel free** to **rehypothecate your** **awards** you get from me. This will go down as reddit's **most generous day ever** and **literally can't go tits up!** + +&#x200B; + +**Edit 1:** After 30 minutes, plat SI% is **42.0%**. We're fine. + +**Edit 2:** After 45 minutes, plat SI% is **690%**. Give me a minute. + +**Edit 3:** After 46 minutes, plat SI% is back down to **6.9%**. Carry on. + +&#x200B; + +**Edit 4:** Four hours in, and all these drones are freaking me out. I'm keeping the lights on all night, just in case. + +**Edit 5:** Six hours in, and I'm totally not funneling all-seeing eyes through the Caymans with my friends. The end is totally not nigh. No way this goes tits up. + +**Edit 6:** Eight hours. Unplugged the phone. Go away, Marge. + +&#x200B; + +**Edit 7: Final Edit** + +This is Agent Smith of the **Platinum Exchange Coin Registrar**. On behalf of **PECR**, I need to inform you that u/Apprehensive-Salt-42 has been shut down, and his **platinum seized.** + +u/Apprehensive-Salt-42 was found in violation of several, albeit **small, PECR** **regulations**. The investigation is still ongoing, so we will not comment further beyond saying: + +# Buy, HODL, Vote, and don't engage with small PECRs. + +\-Agent Smith, Big Swinging PECR +I wish I took metrics before covid about the price of food in groceries stores but the amount my family spends monthly on food has increased yet what we purchase regularly hasnt. + +has anyone else seen this? also does anyone have databases showing price of food over time? +I think this would be a great discussion for those who are still trying to achieve FI. We all know the 4% rule to achieve FI and to maximize our savings by investing in ETFs, bonds, real estate, etc. However, there is more to that when you actually achieve that 4% goal. Anyone mind sharing their failure stories when they tried to achieve FI? + +Thanks! + +Edit: Wow, didn't think I would get this many responses! It's always nice hearing other people's struggles through their FI journey as a young person trying to get into this path. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Tomorrow, I am spending a significant amount of time with a federal prosecutor who specializes in white collar crime, specifically money laundering. + +What is our best example of something we have actual evidence of and we are not extrapolating? + +He was taking me seriously when I mentioned I wanted to chat with him about it and he said “give me your best and let’s see what we can do”. + +So let’s go Apes. What’s the best example I can give over the course of a couple beers? + +Edit: appreciate the visibility y’all are giving this. Sorry if I stop responding - I’m getting tired (I’ll have some more time in the AM to read) and I’m going to spend the rest of tonight rereading FTD posts, everything short and cost basis posts. + +Keep the ideas coming! + +Edit 2: whoa. Just woke up. Getting to work now, apes! + +Edit 3: we got a little busy but we chatted a bit. I told him about the response I got here and he wants to see it. We are grabbing breakfast tomorrow. Promise I’ll report back. Thanks for all the help, apes! +I’ve never been able to save and I always felt horrible about it because I’d hear others savings thousands. My brother saved 15k before moving out, my boyfriend managed to save almost 10k in one summer. I felt I couldn’t do it. + +However I’ve been saving for a few months since I’m moving out in May...I know 1,000 isn’t much but it’s the first time I’ve saved up this much! + +Edit: any extra money I didn’t expect to receive went straight into savings and it’s been a good method. I’m currently working on my shopping addiction which sets me back a lot but I’m doing my best to stop spending on clothes so much and have been selling items + +Edit 2.0: thank you everyone for all the congratulations and recommendations! I will reply to everyone when I get a moment <3 + +Final edit: thank you everyone for the amazing messages, the tips, the congratulations. I see now that it is a milestone and is not so little as I make it out to be in my head. I’ve tried replying to most and will do my best to reply to any others when I can! +My wife started a new job a month ago. Recently she sent in her timesheet to her manager and she was told to cut 6.5 hours out because it was messing up her productivity numbers. She's an hourly employee and this will short her check about 100 dollars. Is this even legal? What should we do here? Indiana, USA + +Sorry if this doesn't belong here. + +Edit 1. Some answers to questions. She has this directive in an email. The reason they want her to dump hours is because it makes productivity look bad. This is a small company that is contracted by DCS. She has no control over who her clients are and the amount she is with them vs travel time. Her pay check is generated from timesheets. + +Edit 2. Rip inbox. I'll have my wife go through these this evening and respond to many of you. +**TL;DR** To all the shills screaming "SuPeRsToNk iS lItErAlLy QaNoN", here is a complete list of market manipulation tactics used by Hedgies so far as documented by PhDs, professors, CEOs, and people that are generally in all accounts way smarter than you. Enjoy. **💎🙌 🚀** + +\------------------- + +As shills and FUD posts continue to attack apes on their personal decisions to hold GME shares, I feel that it is necessary to create a central hub displaying every market manipulation tactic used by hedge funds in this GameStop Saga so far. To be absolutely honest, the mere fact that there are shills that care so much about other people's personal financial decisions is basically proof that the GameStop situation is **not** over. That being said, I understand that there are people suspicious of r/Superstonk and that actions by certain members in this subreddit is definitely not helping. If there are any journalists willing to report on this incident, this can be a good place to start researching as well. + +This compilation will start with the overall thesis on Naked short selling, the influence of the DTCC, and then go on in a somewhat chronological order of the discovered tactics. + +# Naked Short Selling + +Top of the list is obviously the book Naked, Short and Greedy by Dr. Susanne Trimbath. Below is a link to buy her book. + +* **Naked, Short and Greedy— Wall Street's Failure to Deliver** + * [https://spiramus.com/naked-short-and-greedy](https://spiramus.com/naked-short-and-greedy) + +If you are interested in the impact of Naked short selling on proxy voting, here's an article recommended by Dr. Trimbath during the Superstonk AMA. It was written by Bob Drummond and published in *Bloomberg Markets*. + +* **Corporate Voting Charade** + * [https://web.archive.org/web/20060421085925/http://www.rgm.com/articles/FalseProxies.pdf](https://web.archive.org/web/20060421085925/http://www.rgm.com/articles/FalseProxies.pdf) + +And of course, here's the link to the AMA interview with Dr. T herself. + +* r/Superstonk **Live - Dr. Susanne Trimbath, PhD - April 29, 2021** + * [https://www.youtube.com/watch?v=fGVY2Kco8ng&t=2451s](https://www.youtube.com/watch?v=fGVY2Kco8ng&t=2451s) + +If you simply want a fairly concise version of what is naked short selling, here is an article published in *The Journal of Trading* by Robert Brooks and Clay M. Moffett. You should be able to finish this in around 45 minutes. + +* **The Naked Truth: Examining Prevailing Practices in Short Sales and the Resultant Voter Disenfranchisement** + * [https://csbweb01.uncw.edu/people/moffettc/about/Research%20Papers/IIJ-JOT-BROOKS.pdf](https://csbweb01.uncw.edu/people/moffettc/about/Research%20Papers/IIJ-JOT-BROOKS.pdf) + +If you prefer to listen to a business CEO instead of an academic, here's a lecture recorded by Patrick Byrne, CEO of [Overstock.com](https://Overstock.com). + +* **Dark Side of the Looking Glass -- UNCUT and intact audio** + * [https://www.youtube.com/watch?v=qtkaMx12otQ&t=2323s](https://www.youtube.com/watch?v=qtkaMx12otQ&t=2323s) + +And here's a basic 4-minute video explaining what is Naked short selling by Patrick Byrne. + +* **Patrick Byrne: What is Naked Shorting?** + * [https://www.youtube.com/watch?app=desktop&v=BdBe5\_8z53A](https://www.youtube.com/watch?app=desktop&v=BdBe5_8z53A) + +If you prefer to watch documentaries instead, here's a documentary laying out the basics of Naked short selling directed by Kristina Leigh Copeland. Must watch if you have no idea what's going on. + +* **The Wall Street Conspiracy Full Movie Free Online With Permission of Owner.** + * [https://www.youtube.com/watch?v=Kpyhnmd-ZbU](https://www.youtube.com/watch?v=Kpyhnmd-ZbU) + +If you prefer to read blog posts instead, here's a series of blog posts written by Larry Smith, someone who has worked on Wall Street for nearly 30 years. + +* **Part 1 in a Series of Reports on Blatant, Widespread Stock Manipulation that is Enabled by Illegal, Naked Shorting** + * [https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/](https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/) + +If you want a super technical explanation on how profitable Naked short selling and general manipulative short selling behaviours are, here's a paper written by Professor of Finance at Fordham University, John D. Finnerty. This paper is reposted by the SEC itself. + +* **Short Selling, Death Spiral Convertibles, And The Profitability of Stock Manipulation** + * [https://www.sec.gov/comments/s7-08-08/s70808-318.pdf?fbclid=IwAR25gnSvXR0Fo0FCVrzlgmnwiN4MikTgxAKU5jQFBLNQ\_\_GEzvYAtPFB7cI](https://www.sec.gov/comments/s7-08-08/s70808-318.pdf?fbclid=IwAR25gnSvXR0Fo0FCVrzlgmnwiN4MikTgxAKU5jQFBLNQ__GEzvYAtPFB7cI) + +For some bonus sources, here is a letter to the SEC written by Dr. Jim DeCosta talking about Naked short selling abuse. Full letter here. + +* **Letter by Dr. Jim DeCosta** + * [https://www.sec.gov/comments/s7-08-08/s70808-428.pdf](https://www.sec.gov/comments/s7-08-08/s70808-428.pdf) + +# DTCC + +If you want to know all about the DTCC and how you don't actually own the stocks that you have, here's a paper written by Prof. David C. Donald, + +* **The Rise and Effects of the Indirect Holding System: How Corporate America Ceded Its Shareholders To Intermediaries** + * [https://www.ilf-frankfurt.de/fileadmin/\_migrated/content\_uploads/ILF\_WP\_068.pdf](https://www.ilf-frankfurt.de/fileadmin/_migrated/content_uploads/ILF_WP_068.pdf) + +# Short Ladder Attacks (aka Wash Trades) + +One of the first uncovered tactics (allegedly) used by hedge funds are Short Ladder Attacks. For months shills have claimed that Short Ladder Attacks do not exist and are created by "Wall Street Bet conspiracy theorists". Turns out, we simply got the name wrong— Short Ladder Attacks are actually called Wash Trades. The only reason I added "allegedly" is because Wash Trades are, in fact, very illegal. + +* **Wash Trading** + * [https://www.investopedia.com/terms/w/washtrading.asp](https://www.investopedia.com/terms/w/washtrading.asp) + +Here is ex-Citadel employee Dave Lauer confirming that wash trades could happen. + +* **AMA with** u/dlauer **from earlier today. 🚨awesome interview🚨 All the short ladder attacks we've been talking about, price manipulation? Yup. So amazing to have a true wrinkle brain let us know what's going on. I highly recommend you watch the full video. Thanks** u/jsmar18\*\*.\*\* + * [https://www.reddit.com/r/Superstonk/comments/n5svjw/ama\_with\_udlauer\_from\_earlier\_today\_awesome/](https://www.reddit.com/r/Superstonk/comments/n5svjw/ama_with_udlauer_from_earlier_today_awesome/) + +Edit: Now, we have evidence that Wash Trades exist, we have evidence that Wash Trades could technically happen in Citadel. But do we have evidence that Citadel actually committed Wash Trading? Now, we don't know if they did this time, but we *definitely know* that they have committed Wash Trading *in the past*. Here is some direct evidence. Citadel was fined a grand total of $115,000 on 1/9/2014 for alleged Wash Trading. Check out Disclosure 40 in this document. (Credits to u/[scienceismydogma](https://www.reddit.com/user/scienceismydogma/)) + +* **BrokerCheck Report— Citadel Securities LLC** + * [https://files.brokercheck.finra.org/firm/firm\_116797.pdf](https://files.brokercheck.finra.org/firm/firm_116797.pdf) + +\------------------- + +**It is important to note that all of the following allegations came up** ***after*** **the 28th of Jan. This is concrete proof that the GameStop situation is** ***not*** **over and that shorts have** ***not*** **covered.** + +# Shorting Through ETFs + +Shills are quick to jump in and say things like "tHeY'rE uSiNg OlD dAtA" when it comes to the GME Short Interest. But what if they're not shorting GameStop directly but indirectly through ETFs that *contain* GME? What if hedgies have gone so desperate that they are shorting the entire Russell 2000? Here is a paper written by Prof. Richard B. Evans, a professor from the University of Virginia. Interestingly, his last edit was in March of 2021 to include in the GameStop situation. + +* **ETF Short Interest and Failures-to-Deliver: Naked Short-Selling or Operational Shorting?** + * [https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=2961954](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2961954) + +If you prefer to watch lectures instead, here's a lecture Prof. Evans did on the same paper. + +* **ETF Short Interest and Failures-to-Deliver: Naked Short Selling or Operational Shorting?** + * [https://www.youtube.com/watch?v=ncq35zrFCAg&t=1641s](https://www.youtube.com/watch?v=ncq35zrFCAg&t=1641s) + +And here are the ppt slides for the lecture. + +* **PowerPoint Slides** + * [https://jacobslevycenter.wharton.upenn.edu/wp-content/uploads/2018/09/Evans-Slides.pdf](https://jacobslevycenter.wharton.upenn.edu/wp-content/uploads/2018/09/Evans-Slides.pdf) + +# Hiding/ Resetting FTDs in Deep ITM Options + +This is a more technical theory that claims Market Makers are hiding/ resetting FTDs through deep ITM options. Personally, I'm not an options expert, so I haven't been following this theory this closely. But you know who *is* an expert on this theory? John W Welborn at Dartmouth College. You know who else is an expert? The bloody SEC. Here are their papers. + +* **Married Puts, Reverse Conversions and Abuse of the Options Market Maker Exception on the Chicago Stock Exchange (John W Welborn)** + * [https://www.deepcapture.com/wp-content/uploads/2007.10.09-J-Welborn-Married-Puts-and-Reverse-Conversions.pdf](https://www.deepcapture.com/wp-content/uploads/2007.10.09-J-Welborn-Married-Puts-and-Reverse-Conversions.pdf) +* **Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations (SEC)** + * [https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) + +# Buying Shares in Dark Pools & Selling Them in the Open Market + +This theory suggests that Money Makers and Hedge Funds (allegedly) buy shares in Dark Pools like the FADF, and then selling them in the open market, thus suppressing the price of GameStop. The original evidence can be found here in this Reddit post. + +* **Sells through the major exchanges. Buys through the FADF - a dark pool.** + * [https://www.reddit.com/r/Superstonk/comments/mpebkz/sells\_through\_the\_major\_exchanges\_buys\_through/](https://www.reddit.com/r/Superstonk/comments/mpebkz/sells_through_the_major_exchanges_buys_through/) + +Now, are there any credible individuals or groups who support this claim? Shills are quick to draw a literal dark pool in a meme and laugh at it on r/gme_meltdown. Dennis Kelleher, CEO of the non-profit group Better Markets, risked his reputation to file an amicus brief against Citadel. You can find it here. + +* **Better Markets Amicus Brief in Citadel v. SEC** + * [https://bettermarkets.com/sites/default/files/Better%20Markets%20Brief%20in%20Citadel%20v.%20SEC.pdf](https://bettermarkets.com/sites/default/files/Better%20Markets%20Brief%20in%20Citadel%20v.%20SEC.pdf) + +# Payment for Order Flow + +After all the market manipulation we have seen, the problem of Payment for Order Flow seems oddly insignificant. Personally, I believe that the only reason this was brought up in the hearing was to purposely ignore the many elephants in the room. But if anyone is interested, here's the testimony of Dennis Kelleher from the second GameStop hearing. + +* **Testimony of Dennis Kelleher Before the U.S. House Committee on Financial Services Hearing: “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part II”** + * [https://bettermarkets.com/sites/default/files/Kelleher%20HFSC%20Testimony%20GameStop%20Hearing%203-17-2021%20FINAL%20%282%29.pdf](https://bettermarkets.com/sites/default/files/Kelleher%20HFSC%20Testimony%20GameStop%20Hearing%203-17-2021%20FINAL%20%282%29.pdf) + +# Bonus Material + +Apart from the above (alledged) tactics, there are many more that we simply can't prove. The reason for restricting the buying of GME and many other "meme stocks" by Robinhood, the collusion with the media to pump up other unrelated investments and to reduce the attractiveness of GME, and many more. But as a bonus piece, here is the host of CNBC show *Mad Money*, Jim Cramer, bragging on live TV how he and other hedge funds manipulate the stock market. + +* **Jim Cramer explaining the basics of stock market manipulation** + * [https://www.youtube.com/watch?v=8DJlogbrDcA](https://www.youtube.com/watch?v=8DJlogbrDcA) + +And here is Robinhood CEO, Vlad Tenev, lying under oath when asked about liquidity problems. + +* **GameStopped Hearing May 6th -did Vlad Tenev of Robinhood commit perjury during the Feb 18 hearing?** + * [https://www.youtube.com/watch?v=j0CSzev8T4Q](https://www.youtube.com/watch?v=j0CSzev8T4Q) + +For a full list of how malicious actors control internet forums, here's a post that details it. (Credits to [u/TheGoombler](https://www.reddit.com/user/TheGoombler/) for making the post and u/[DishwashingUnit](https://www.reddit.com/user/DishwashingUnit/) for reminding me.) Of course, no academic can confirm this, but you could basically tell by yourself that these tactics do work. + +* **PUTTING SHILLS ON BLAST, A CONCERNED /BIZ/NESSMAN HAS COME TO SNITCH ON HEDGIE SPYS. MORE INSIDE.** + * [https://www.reddit.com/r/Superstonk/comments/mscsb5/putting\_shills\_on\_blast\_a\_concerned\_biznessman/](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/) + +Now, ok. A list of forum manipulation tactics isn't really actual evidence. Do we have actual evidence of bots infiltrating subreddits? Yes! Here are screenshots of bots pumping up obviously fake stocks with tickers such as $SSR, $CUM, and $ASS. + +* **WSB shill bots think SSR is a ticker and are spamming it🤣🤣🤣** + * [https://www.reddit.com/r/GME/comments/lxo166/wsb\_shill\_bots\_think\_ssr\_is\_a\_ticker\_and\_are/](https://www.reddit.com/r/GME/comments/lxo166/wsb_shill_bots_think_ssr_is_a_ticker_and_are/) +* **LADIES AND GENTLEMEN, WE GOT EM** + * [https://www.reddit.com/r/GME/comments/ly07ap/ladies\_and\_gentlemen\_we\_got\_em/](https://www.reddit.com/r/GME/comments/ly07ap/ladies_and_gentlemen_we_got_em/) +* **Ass and Twitty** + * [https://imgur.com/gallery/q4GECmh](https://imgur.com/gallery/q4GECmh) + +Last but not least, for those who would like to "know thy enemy" so to say, here is a speech by Ken Griffin uploaded in 2013. + +* **Ken Griffin Speech - Economic Club of Chicago (ECC) - May 2013** + * [https://www.youtube.com/watch?v=9cwf-JrrE9g](https://www.youtube.com/watch?v=9cwf-JrrE9g) + +\------------------- + +I'd like to leave this post with two quotes from our boy Kenny taken directly from his speech above. + +(34:29) **"No company in America deserves the privilege of being too big to fail. None."** \~Ken Griffin + +(36:05) **"Market discipline is a really important function. When companies are poorly managed, they fail. And that releases the resources that are trapped in poorly running businesses to explore and undertake new opportunities."** \~Also Ken Griffin + +Well Kenny, let's just say that a lot of your resources will be going to be used to "explore and undertake new opportunities." And as you've said, "No company in America deserves the privilege of being too big to fail." + +\------------------- + +This is, of course, by no means an exhaustive list. **If anyone has any other important sources feel free to put them down in the comment section.** To the GME sceptics, now you have it. To all the journalists, now is the time to do your job. + +Peace out. **💎🙌 🚀** +Love you brother APE. Thanks for all you have done for this community this year. YOU are a solid dude who doesn't seem to have a bad bone in your body. I hope you take time to reconsider your retirement from The daily synopsis. We are in the closing phase of our great journey. WE need you and all other Silver backs to help Sheppard us to the promise land. The shills smelled blood in the water and were out in droves to begin with. I felt that your commentary provided great value. Sober thoughts contrary to one's point of view are necessary to formulate productive discussions and critical thinking. +If this is the end of the line, Thank you brother. + +Also I feel like apes are feeling a void in they're hearts with the end of DFV' Tweets and are mourning by lashing out. Hearing something you don't agree with from someone you respect , while all these emotions are running rampant whether excitement/angst/anticipation/fear etc can be viewed as angry but it is usually a manifestation of feeling hurt. +Try not take it personally brother. GODSPEED u/rensole + + +🦍❤🦍 +🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I’ve had another job offer with conditions which are far better then my current job. But it comes with a decent pay cut. I will go from around $160k pa to $120k pa. + +I love my current job, however there are some frictions which means it imposes pretty heavily on my personal life. Travel is quite heavy, and often loving out of a suitcase interstate or overseas. It was likely a key factor in my relationship breakdown. Now I think that’s caused me to focus even more energy into work. + +Job satisfaction in the new job would be quite high but not as much as my current job, however I have friends who have made the swap and swear the lifestyle improvement is significantly better off and they’re not taking work home with them. + +How much do you value a better lifestyle? +Is there a monetary value to place on a better lifestyle? +Is it wrong to feel defined by the job we do? + Bitcoin continues to heat up this week with DEFI Summer 2.0 looking HOTTER than EVER! + + Micro Strategy’s announcement today to purchase an additional 500 MILLION dollars of Bitcoin has Bitcoin AND the crypto market poised to soar to NEW HIGHS. + + In preparation for take off, the team at NASA would like to share a SNEAK PEEK of what we have been working on to solidify our reputation as the Dependable + +Altcoin of the Future: + + 1) NASA Auditing Service - The goal of the NASA Auditing Service is to expose scam projects, improve safety to investors and instill confidence in BSC projects. We have experienced auditors who will complete a Smart Contract Security Audit on other BSC projects with delivery in PDF format that includes errors/bugs we find and recommendations for improvement. The BIG win for NASA investors is that our profits from the NASA Seal of Approval will be invested back into NASA so holders are rewarded for loyalty and watch their investment continue to grow. We are excited to share that our first Smart Contract Security Audit is almost complete. + + 2) NASA Rug Pull Relief Fund - There’s nothing worse than getting excited about a project or new token launch only to have your hard earned investment pulled unexpectedly by bad actors and left with nothing. At NASA, a portion of reflections from our marketing wallet will be used to give back to active NASA investors who have been rug pulled on other investments via an application process. + +These utility purposes will continue to distinguish and elevate NASA in the crypto space with more details to be shared via our NASA social channels - including an update on our first Smart Contract Security Audit client! Additionally, CMC is pending, 1st Audit draft received and 5 exchanges have been applied for - the DREAM is ALIVE at NASA! + +Here at NASA we're focused on one thing and that’s to step foot on the moon AGAIN. The question is, will YOU join us or will you be on the outside looking UP 😵🚀 + + Become a Nastronaut today!👩‍🚀👨‍🚀 + +🌐 Website : nasatoken.net/ + +🥞 Pancake Swap : exchange.pancakeswap.finance/#/swap?inputCurrency=0x70cf8d40a3d0f7bc88077ba7d103050d0001a653 + +📄 Contract : 0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653 + +🏛 BSCscan : bscscan.com/address/0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653 + +🗯 Telegram : t.me/officialnasatoken + +💬 Discord : discord.gg/4qhbm6MzpN + +📣 Twitter : mobile.twitter.com/NASAtoken + +📷 Instagram : instagram.com/nasatoken?utm\_medium=copy\_link +I’m in my 30’s NW 15M-20M. + +Looking for some advice from the FAT Folks who have been FAT for a while…. + +It’s been a great couple years, and I am trying to enjoy life a bit. I am noticing though, that regardless of how much money I have, I’m still getting blocked out of some marquee experiences that I am very much willing to pay more for. + +For example, I tried to get hospitality/premium tickets the F1 Race in Miami only to learn that it’s completely sold out already (pre-sale hasn’t even opened yet). + +Same with a local tennis club up the street from me. It’s not particularly prestigious or anything, but they are completely full to capacity, literally no matter what. + +The economist in me, scratches my head, because there should technically always be a price for almost all goods/services. + +So to you more seasoned FATfire folks, is this a new phenomenon? Or perhaps I am missing something? + +TLDR: Why is everything selling out or at capacity regardless of price nowadays? +My goal here is simple - I don't want to see people lose money. + +Unless you are shilling something (which I am not and never will) there literally is no other reason for someone who does this for a living to come to this Mos Eisley Cantina of Day Trading known as Reddit. I dedicate a certain number of hours a week to help traders because I know how difficult and overwhelming all this can be for someone. The recent 'gold rush' into Day Trading has left a lot of casualties in its path. Every YouTube video and many posts here on Reddit or elsewhere are designed to convince you that Day Trading is easy - it is not. It requires years of hard work to get right. + +While I have a lot of posts on Getting Started, Day Trading for a Living, Strategies, Resources, etc...I was asked if I could outline what I feel are the three most important rules for beginners to learn. + +These three should be taken in combination with all the other posts I have made - they are in no way the *only three* things you need to know. However, with so much out there to sift through, I do see the valuable in quantifying the three most important (in my opinion). + +So here they are: + +**1) Don't Anticipate - Confirm** \- This is one of the most common issues I have seen. Everyone wants to catch the move before it happens - i.e. you think SPY is *due* for reversal so you buy Puts or you believe CLOV is going to start going up soon, so you go long. Even more damaging to your portfolio are the amateur economic prognostications such as, "Now that people are going back out to eat, I am going to short DASH". You may well be right, but you need to let the chart confirm those moves before you act. Set alerts, draw trendlines. You think SPY is going to drop? Draw an upward sloping trendline (it will cross around 418.50) and put an alert on it. When SPY drops below that line, then you can look to short it. Chances are not only did you not miss the majority of the move you were looking for, but it most likely just began. + +**2) Trade the Chart Not the P&L -** This one is hard, really hard. We are hardwired to focus on how much we are "up" or "down" in a trade. Even if you turn off the P&L, you still know roughly how much money you are making or losing on any particular trade. You need to trade as if you have one share or one contract - make decisions based on your analysis of the price action. This also goes towards position size - if you are exiting a position based on fear than you have too large of a position. If you are just starting out - you need to use *small position sizes until you are consistently profitable.* + +**3) Market First, Stock Second -** Always know what the market is doing (SPY/QQQ), are you shorting into a bullish day? Going long into a red day? Is SPY ready to take out the sell stops? Is there chop or a steady trend with volume? Then you need to ask - how the stock performing compared to the market? Is this stock going up while SPY drops? (it doesn't matter if the stock is in the ETF or not) Are both the market and the stock going up but the market is proportionally going up stronger than the stock? The only time these questions aren't as relevant is when you are trading a low float momentum stock that is moving on a catalyst - these equities tends to be independent from the market, but these types of stocks/trades should be a small percentage of your overall trading. + +**Remember your overall goal is Consistency.** + +You want an effective strategy that you confidently project out each month. I know if I do 400 trades a month, I will make profit on roughly 340-345 of them. I also know what my average amount of profit is per trade (I use rolling annual averages but others go with shorter time frames). Knowing those things mean I can confidently project how much money I will make each month within +/- 3.4% (my current error range around the mean). This allows me to depend on this income the same as I would a salary. At the end of each month I take out the profit and leave the base amount, and every six months I increase the base by roughly 15% (thus, also increasing my month profits). This is only possible if you have an identifiable and repeatable strategy. + +Day Trading for a living isn't about how much you made on any one particular day, or trade. It's also not about how much you are "up". It is being able to say you know how much money you will make every month (and thus annually) and being able to count on that amount. If you want to do this for a living everything should be geared towards reaching this goal. + +*These three rules aren't all you need to reach it - but in my experience you can't reach this goal without them.* + +***Also if there is something in particular you want me to post or elaborate on please let me know. The previous request was a post on Day Trading Options, which I hope was helpful.*** +I’m 15, English isn’t my first language and I know nothing about economics. So to educate myself, I got this book called “Capital in the Twenty-First Century by Thomas Piketty”. But I’m in page 50 and still barely understand anything, especially terms like “diffusion”, “divergence”, “convergence”, etc… + +Is this normal or am I just stupid? Any tips? +Obviously this will range based on net worth but curious what you all spend your extra money on? + +Ie first class tickets all the time, premium seating at sporting events, etc. + +Would be helpful to know ballpark prices for these expenses and net worth if it’s pretty “unattainable” for most. Ie Flying private + +Edit: Extravagances, Baller, High Roller, etc + TL;DR; How people that fatFIRE deal with having a partner that had way lower or no income at all? + +LONG VERSION: I moved from being low income into being a high earner. Ideally I would like to have a partner that had the same level of education and/or income as me. The problem being that since I moved into being HE, after people find out they just see me as some sort of free international pass or cash cow. + +I've been in a sort of relationship for about 1 year now and I find it very hard to deal with the mindset of SO. SO has a kind of minimum wage job, and although they say they want to get educated etch, they don't move forward with any plans. They have expensive taste and lavish lifestyle that are sustained by debt. They have no interest in financial literacy (or any literacy at all), and no desire to FIRE. Me on the other hand want to FIRE asap, in 5 years if possible. I like to do some travelling and or nice things but it hurts me that I have to pay double if I would like them to join me. I don't wanna end up in a sugar situation. + +My main question is, how do people that are high earners/fatFIREd deal with that? I saw that many have SOs that became homemakers, how do you deal with that mentally? How to overcome the feeling that you are the SO source of income? +Background: I've been with my current employer for almost 4 years. I was hired as a service techinician (servicing/installing bank equipment - locks, safes, pneumatic tube systems, burg/fire alarms, cctv, etc) and was promoted to Service Manager Jan 1 2018. + +I'm the third person to take (and now lose) this job since I've worked there - It's a small company of 6 employees, and the boss is a hothead and very hard to please. I knew this going in, but I figured for the money it was worth an attempt. + +I was making $19/hr hourly working full time before, changed to $50k/yr salary once I took the manager job. + +Today, I had a pretty bullshit "6 month review" - He sat me down and basically said, "I don't think this is working, so I'm making you a tech again, I'll pay you $20/hr. Take the rest of today and tomorrow off, come Wednesday we'll get you rolling in the field again." He has his reasons, and I don't disagree that there were challenges in working together - but nothing was ever documented on paper, I would just have to sit through angry outbursts once in a while every time he didn't like the way I did something. Most critically, I just took a $9000 dollar pay cut - having just purchased a car, and this puts a huge crunch on my finances. I'm going to spend some time today redoing my budget, and I already don't like how it's going to turn out. + +Here are my thoughts. If I stay here, that management experience withers away, and loses effectiveness on my resume the longer I continue as a technician. + +Going back to work there is going to be awkward. That much I can manage, but I see it causing some interpersonal drama now that I'm back working alongside 4 techs I was previously in charge of. + +Lastly, would this qualify as constructive dismissal? I understand that my job duties are changing as well as my pay - but this is an 18% pay cut that was decided unilaterally. Would I be better served declining it and accepting dismissal, trying to survive off of unemployment while searching for something in the vain of what I was previously doing? + +This is the first time something like this has happened to me, and while my head is spinning a little, I feel like I can make the best of the situation somehow - just need a little guidance. + +I appreciate in advance any advice you can offer - and if there are any questions you have for me I'm happy to answer them. +https://www.cnbc.com/2021/02/17/blackrock-has-started-to-dabble-in-bitcoin-says-rick-rieder.html + +BlackRock’s Rick Rieder told CNBC on Wednesday the world’s largest asset manager has begun entering the bitcoin space. + +The remarks from Rieder, who is BlackRock’s chief investment officer of global fixed income, came on the same day bitcoin broke above $51,000 for the first time. + +“Today the volatility of it is extraordinary, but listen, people are looking for storehouses of value,” Rieder said on “Squawk Box.” “People are looking for places that could appreciate under the assumption that inflation moves higher and that debts are building, so we’ve started to dabble a bit into it.” + +In January, BlackRock added bitcoin futures as an potential investment for two of its funds, according to filings with the Securities and Exchange Commission. The funds are BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund. + +A number of other financial institutions, such as BNY Mellon and Mastercard, have made entrances into the crypto space in recent days. BNY Mellon, the nation’s oldest bank, will launch a digital assets unit later this year, while Mastercard intends to support certain cryptocurrencies on its formal network. + +Electric vehicle maker Tesla also announced last week it bought $1.5 billion worth of bitcoin using cash on its balance sheet and intends to begin accepting the digital coin as payment for its products. + +The price of bitcoin has risen more than 70% this year, adding to a major rally that began in the fall. “My sense is the technology has evolved and the regulation has evolved to the point where a number of people find it should be part of the portfolio, so that’s what’s driving the price up,” Rieder said. + +Despite bitcoin’s growing respectability as an asset class, Rieder said Wednesday that how much exposure an investor should have “depends on what the rest of your portfolio looks like.” + +“We’re holding a lot more cash than we’ve held historically,” he said. “It’s because duration doesn’t work, interest rates don’t work as a hedge and so diversifying into other assets makes some sense. Holding some portion of what you hold in cash in things like crypto seems to make some sense to me, but I wouldn’t espouse a certain allocation or target holding.” +Recently my father's LIC Money back policy policy matured and he received a return of around 126000 INR, although he considered this a success even after investing an amount 6560 every year for 20 years, I was skeptical around the return. + +So I decided to compare that with returns of other famous investment vehicles like Nifty 50 and Gold. + +There was a moneyback from the policy every 5 years considering that, here is the result of such comparison from 2001 to 2021 + +**Summary:** + +Return on Gold : 12% + +Return on Nifty: 15% + +Return on LIC: 5% + +(calculation attached with [G Sheet)](https://docs.google.com/spreadsheets/d/e/2PACX-1vRIk18XIZS9JhP8TnAjFdTbKqTYME3vcEAA2FRl6OKoI5_ZuICzje6KtgAuKS9qNmoMxkzglYXCElYe/pubhtml#) + +**Note:** The comparison is made with absolute data based on actual dates and values + +If you want to calculate the same for your ULIP/ LIC, here are the steps to follow: + +1. get Nifty date wise NAV from VRO + +2. Gold price date wise from Google + +3. LIC returns in actual + +4. feed to a spread sheet like Excel and use XIRR formulae + +Thanks to u/crimelabs786 for helping out with the calculation +all the investments that would've made sense are just wildly overvalued in my perspective. +for example, even ETF's like ICLN have already doubled past 6 months. i cannot foresee much further growth in the coming year. +it feels like they price in what might have happened a year from now.. +P/E's are insane in almost every market as well +^(or maybe there's something bigger going straight over my head, and i'm being ridiculous?) +Britain’s blue-chip share index has suffered its worst year since the 2008 financial crisis, as the Covid-19 pandemic and Brexit uncertainty hit stocks during a turbulent 12 months for investors. + +The FTSE 100 index of top shares listed in London fell by 14.3% during 2020, the poorest performance among the largest international stock indices, and its biggest decline since 2008. + +While the FTSE 100 struggled, the US stock market had hit a series of record highs in recent weeks. The S&P 500 is up 15% for the year, with the technology-focused Nasdaq surging by 43%. + +Germany’s DAX index ended the year up 3.6% and France’s CAC fell by around 7%. Japan’s Nikkei gained 16%, while China’s CSI 300 surged 27% during 2020. + +Spain’s IBEX 35 had an even worse year than the FTSE 100, though, dropping 15.5%. + + +Link :https://www.theguardian.com/business/2020/dec/31/ftse-100-suffers-worst-year-since-2008-financial-crisis?CMP=Share_AndroidApp_Other + + +The FTSE is indeed a dogshit of an index . Very few innovative companies on it. +I'm afraid to post this right now RIP my karma, but eToro does not have 1.3M shareholders. + +I don't think this is a FUD campaign, but the sub will be sorely disappointed when the flaw in calculations is revealed. As such it misinformation should be treated as FUD. + +eToro's metrics are based on **funded accounts** not all registered users. It makes sense if you don't have money in the account you can't hold GME. + + +EDIT: source https://marketing.etorostatic.com/cache1/pdf/eToro-Investor-Presentation.pdf + +EDIT: We may have gave the PDF source the ol' Reddit hug ☠️ screenshots and verification floating around in comments. + +EDIT: Chat with a rep confirms that these metrics are using active and funded accounts https://imgur.com/a/QDij2Wo (I am not the primary source for this screenshot.) + +-- + + +6.5% of eToro Users hold GME + + +On 2021-01-31 1.2M of 20M eToro users had funded accounts. + + +We can assume that the 25M registered users is accurate, and the same ratio. Gives us the ~96,000 GME apes on eToro. + +EDIT: some more coroborating evidence here stating 96,600 shareholders if anyone can verify https://www.reddit.com/r/Superstonk/comments/npc9n7/when_you_purchase_gme_on_etoro_it_states_that/?utm_medium=android_app&utm_source=share + + +If eToro has 1.5% of all shareholders then 96,000 / 0.015 gives us **6.4M total share holders worldwide.** + + +**We still own the float at 10+ shares average per** 🦍 + + +-- + +We need to be sure to not spread information that over hypes our community. Newer apes my be disheartened by finding that the estimate is an order of magnitude off. That's a significant mistake that must be stymied at the outset. + + + +Let's make sure we encourage fact checking and avoid all of the verifiably false information. + + + +This kind of misinformation is easily invalidated by way of giving a little more effort to the calculations. + + +I'm all for letting us get hyped, but let's get hyped over real news and real numbers. Like the fact that GME shareholders could easily be 6.4M worldwide and given some estimates hold and average of 14 shares per account. Which means we are almost certainly over the float with retail alone - nevermind, institutional diamond hands. + + +Funny metric is that if there are 6.4M shareholders then at 10 each that's already 100% of the float at 14 per account that's come from some brokers that puts us back at 140% 🤣 + + +-- + + +Look at all the top posts right now: + +https://www.reddit.com/r/Superstonk/comments/np4wwu/etoro_got_their_15_of_all_gme_holder_straight/ + +https://www.reddit.com/r/Superstonk/comments/np7vfd/etoro_leaking_that_they_have_134_million_gamestop/ + +https://www.reddit.com/r/Superstonk/comments/npani2/some_calculations_using_the_etoro_numbers/ + + +EDIT: added a bunch of stuff to get to the 2000 char count for DD + +EDIT: ~~some disagreement on the definition of funded account, getting to the bottom of it.~~ + +EDIT: eToro does not offer a Funded Account program - they are talking about accounts with funds. The verbiage is vague - at the end of the day the math checks out. As such the DD in this post is validated. +For thirty years we have artificially been propping up the US economy. Low taxes, massive government spending, for the past 15 years we have had extremely low interest rates, and now we are stimulating the economy with deficits only seen previously in times of war. + +We have used every trick in the book. There's no more credit to spend, taxes are at an all-time low, interest rates are even ZERO in Japan. And yet we are barely holding it together (if you consider 10%+ real unemployment "holding it together"). + +Am I wrong to think that this is just a long-due *correction" back to where the economy would have been with out all this "stimulating" bullshit and a couple bubbles (tech, housing)? + +Isn't asinine to even aim to get back all those jobs and GDP? Wouldn't we be better off restructuring for the new (old) economy? + +EDIT: +I am not a fatalist. + +My point is that through the spending/tax imbalance + low interest rates we have essentially enacted a $15T stimulus over the past 30 years (actually bigger, when you adjust for inflation over those years). + +We don't have these tools at our disposal at the moment: We can't lower taxes (deficit Vs cuts to existing services in a weak economy). We can't spend more (deficit is too high, plus we are in danger of either default OR other nations not buying our debt). We can't cut interest rates. + +I don't believe that the GOP will back off on tax cuts until we see 7%+ GDP for 4 quarters, and then they (and Wall Street) will freak out when we try to adjust them back. + +I don't think the Dems will drop stimulus spending until we see 4-6% unemployment. + +What if those numbers are not possible without the deficit spending combined with low taxes/interest rates of the past 30 years? Would it not be better to recognize that and try to adjust our policies to reflect that? (That's the "New" economy I am talking about). This is not fatalist, this is pragmatism, no? + +Personally, I don't have a lot of faith in Washington or the general public to deal with this. I guess you could call this fatalist. +The markets have rallied today and last Friday. Is the correction over and is it now safe to start selling CSP again? The wheel is my bread and butter…. +The IRS says I owe them over $400,000. I make exactly $0 per year and have struggled to find a job the last three years, currently living with my mother. + +The IRS says they "discovered" that in 2017 I made $1Million is bitcoin (not true). I basically traded bitcoin back and forth a bunch of times that I guess totaled $1million, so now I owe taxes on it (I just got a notice the other day). + +&#x200B; + +The two tax people I called quoted me over $5,000 to take care of this, but again I have exactly $0 and no job. So, am I just waiting to go to jail at this point? +My grandfather passed away and I was left with a rather substantial inheritance. I still need to figure out how it’s taxed and set funds aside for that, however for simplicity’s sake, let’s say you have $40,000 to play with. Pretend like your talking to a child (because I know nothing about money and have lived paycheck to paycheck my entire life) How would you invest/ save it? +I want to offer some perspective to people who are looking to get started in real estate, or maybe those who have just gotten started. + +Background: I own 1 duplex (house hack) and have a single family under contract that will close in the next 3 weeks. I bought my duplex just under 2 years ago. I listened to Bigger Pockets and read as much as I could about real estate for the past 5 years. + +Let’s talk about Bigger Pockets. It is an excellent resource and there is a ton of great advice/insight. However, they don’t talk enough about the struggle that average people actually go through to get into investing. I would listen to those podcasts and convinced myself that I would be quitting my day job in 5 years through exponential real estate growth. + +Well… it ain’t all sunshine and roses. I got into my duplex and started tearing things apart to fix it up, all while trying to work 40 hours/week and keeping myself fed. After about 6 months and not a lot of progress, I decided it was time to call in a contractor to finish up some of the big things, I would finish all of the little details after they were done. Fast forward another month, they’re done. Time to start painting, replacing light fixtures, outlets, etc… shit! How am I a full year into this and still not done?? I called them back in with a full list of what needed done to have the home ready to rent. The lesson here? Make sure you have enough money to pay people to do the work for you. They WILL do it faster and better than you. + +1 Year and 3 months later I finally got my first tenant, who is great. 2 months later, tenant calls about water dripping in the living room, $1000 later the roof leak is fixed. Did I mention that one of the water heaters went out 2 months after moving in? $700. Oh, and the toilet drain that was leaking from upstairs into the kitchen downstairs? $500. There are ALWAYS going to be issues. Don’t assume that 5% for maintenance will be enough. + +Let me add, I did a ton of research on how to screen tenants. Set your requirements and STICK TO THEM. I couldn’t be happier with mine, and I know it was because of my due diligence. + +The good news here? Because of the work I’ve had done and the time that has elapsed (almost 2 years), I was able to take out a $30,000 HELOC with a crazy low interest rate. I could’ve borrowed more but I don’t want to get in over my head. I am now using this to put a down payment on my new home and renovate the unit in my duplex that I’ve been living in. I also have had 2 years to figure out what problems to look for when house shopping. + +Don’t get trapped into thinking you will rapidly acquire properties, the only way you can do that is by having CASH. The rest of us have to build equity. I know that with a few more years and a couple more properties, it will be much easier to get creative with financing. Hard money, private money, equity, etc. But I now know the time, sacrifice and discipline it takes. + +Hope this helps someone out there, and good luck to you all as you get started or continue your journey. +https://www.cnbc.com/2019/09/17/bill-gates-gave-away-35-billion-this-year-but-net-worth-didnt-drop.html + +Microsoft founder Bill Gates takes an aggressive approach to investing, with 60% of his assets invested in equities. + +Gates added $16 billion to his net worth this year, despite giving away over $35 billion to charity, according to Bloomberg. + +After Jeff Bezos, Gates is the world's richest person, with total wealth of $106 billion. +DISCLAIMER: we have a roof over our heads and clothes but we barely get by, lower middle class. I woke up today and for the 1st time, my bank account was in the negatives. Growing up I never obsessed over money like others. When I got it I was generous and quick to lend it out. But life was better financially when I had 2 parents in one house. Now because of the financial struggle and my adolescent social media usage I’ve become mentally obsessed with the concept of money. I have 2 pairs of shoes and one of them lean like crazy, I am known for wearing the same 2/3 outfits, we don’t have that much food in the fridge and a lot of what we eat comes from family friends and people my mother is close w. I’m 19, and I work a part time job. Some days I consider getting a full time job so I can support myself and move out but the issue is I’m a student, and I don’t know if it’s my raging depression, or if I’m too lazy to commit to the miserable 9-5 middle class American life. + +There are days sometimes when my stomach is empty and as a result I’m in a bad bitchy mood. And then I log onto Instagram and people are buying new houses, going to fast food restaurants(I use most of my money on fast food because clothes will leave me damn near empty pocketed), buying nice cars, being able to afford a car, wearing nice clothes or at least being able to switch it up, decent beds that aren’t leaning like mines, and all types of things I’ve never been able to afford. I can’t afford the latest PS5, the latest sneakers, we can barely afford to get by. My mother works so hard without a doubt, but working hard in America doesn’t guarantee success. THE AMERICAN DREAM IS NOT REAL. 😐 + +So is this the universe way to punish us? Ik it sounds funny but what can I do to become rich? Or before that financially stable? It’s like a never ending wet dream of mine, Idk if this is the universe punishing me. If thought this for a while about our financial lifestyle but waking up and finding my bank account almost 30 dollars in the negative/overdraft fees today reminded me of how down bad we’ve been, and compelled me to come here. I don’t want sympathy, I don’t want funds, I want a solution. For myself and for my future children, that’s all. 🤷🏿‍♂️ +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + +Sometimes I might play some CS while I code but that's about it. I just don't find video games interesting anymore after I discovered day trading. Is this true for anyone else? + +First off, welcome to Superstonk. I know we can be a bit intimidating upon first impression, but I promise that you'll fit right in once you get to know us. + +Second, you're probably wondering what all of this Gamestop stuff is about right? You've seen it on the front page, in the news, and spoken about in your friend circles, but you still don't quite get it. You're here for a quick elevator pitch to get you up to speed. + +So that's what this post is going to do. I'll lead you to the rabbit hole, but it's up to you if you want to dive in afterwards. + +To begin, you need to start thinking of Gamestop as an emerging tech-focused startup company. This startup has over 1.5 billion dollars in cash on hand, it has no significant debt, and it has a user base of 50 million subscribers in their power up rewards program. + +Decent numbers right? Now that I have your attention, I'm happy to tell you that this new startup is being led by an activist investor named Ryan Cohen. Who is Ryan Cohen you might ask. All you need to know is that he's someone who has already proven his ability to disrupt industries and outperform giants like Amazon by using customer experience as the cornerstone for success. His philosophy: Delight your customers with exceptional experiences and you drive shareholder value. + +You've probably heard of Gamestop referred to as a failing brick and mortar store. What you probably haven't heard, is just how far from the truth that statement really is. Gamestop has already successfully transitioned to ecommerce in the midst of a global pandemic, they've set up massive coast to coast fulfillment warehouses, opened a large homegrown customer service center in the US, and expanded their strategic HQs in tech-focused cities around the country. That small time physical video game retailer you used to know from your childhood? It doesn't exist any more. It's grown the fuck up. + +They're not just scaling up in terms of fulfillment and CX, they're also scaling up in terms of the sheer volume of products and SKUs now being offered. From a merchandizing perspective, they now support collectibles, clothing, PC hardware/accessories, and thousands of other products. They've more than doubled their product offerings in the past year alone. This is already having a positive impact on the increase in total revenue being reported on a quarterly basis. + +If I don't have your attention yet, now would be a good time to mention the fact that in the past year, they've poached over 300 inidividuals from some of the world's biggest companies. Many of these individuals were holding senior management or executive level positions at companies like Amazon, Facebook, Google, Chewy, BestBuy, etc. I don't know about you, but I wouldn't be leaving a decade long career at Amazon or Google to work for a medium cap failing brick and mortar store. Whatever Ryan Cohen is pitching these people, it must be compelling enough for them to leave a high level position and see it as the opportunity of a lifetime (direct quote from many of the new hires). Not to mention the fact that a majority of these new hires chose to accept stock compensation instead of a typical salary. + +Amazing right? Oh, and lest we forget, Gamestop is currently working on an NFT Marketplace that has the potential to completely disrupt an emerging multi billion dollar industry. You've probably heard at least a little about NFTs in the past couple months. Just know that Gamestop is poised to bring the NFT world to a mainstream audience with their 50 million power up rewards members. With loopring as their layer 2 partner, they will literally create a new paradigm shift for the mass adoption of web3. Power to the players, power to the creators, power to the collectors. + +Speaking of power, you know how all these CEOs like Elon Musk, Jeff Bezos, and Mark Zuckerberg have been selling off billions of their own stock within the last few months? Well our boy Ryan Cohen hasn't sold a single share. In fact, the vast majority of GME insiders are Hodling or buying more. That's some serious power in the face of an upcoming market crash. + +Now that we've laid out the fundamentals, let's toss a cherry on top shall we? + +Shorts still haven't covered. + +I know what you're thinking. Yes, it is literally insane. In fact, short interest is estimated to be orders of magnitude larger than it was last January during the initial run up. For the past year mainstream media has been spreading false information to the average investor in an attempt to control the narrative. So we're busy taking things into our own hands by direct registering our shares in our own names. + +But this is where I'm going to have to leave you for now. If any of the above has piqued your interest, you'll need to take the initiative to dive down the rabbit hole and see for yourself what this community has uncovered over the past year of peer-reviewed research. + +But before I go, I want to leave you with this final thought. If shorts had actually closed their positions and Gamestop is just a failing brick and mortar store, why the fuck does the media spend so much airtime, effort, and resources discussing why retail investors need to forget about Gamestop? + + + +Edit 1: couple typos + +Edit 2: holy awards batman. + +Edit 3: removed tldr +I constantly see people on this sub talk about selling their company and retiring at such a young age, and it got me wondering….. + +What type of businesses did you start that allowed you to FatFIRE? +I grew up in a family that was large and poor. I have always had dental problems. I distinctly remember two of my older brothers and I going to the dentist when we got onto Medicaid and getting multiple teeth pulled. We were better off than two of my younger brothers, who had to be put under for their intensive dental work. Having gone our entire early childhood with no dental care, we had a life of dental misery ahead of us. Whenever I tell my more well-off peers about my stories from the dentist, I always get a response along the lines of "why didn't you brush your teeth?" + +Dental care isn't accessible for millions of people living in poverty, and only poor people know the shame that comes with crooked, missing, and gapped teeth in a world where neat ivory rows are the norm. + +I want to hear stories from people who have bad teeth as a result of poverty; I want to hear how it has affected you and anything else you want me to know. + +You can post below or email me at tellmeyourstory98@gmail.com + +EDIT: Thank you all so much for sharing your stories with me! ANd thank you for my first silver! + +I will put the stories shared with me on a Google Docs link, which can be found here: https://docs.google.com/document/d/1ErWgDJEOz8UX2SaEPf4aFqlCC5DP_qcT_BGeZQa_VFQ/edit?usp=sharing + +If you would like me to include your name, age, or location, just leave a comment on the Google Docs sheet with any information you want to share. + +Because I am a busy student, I will try to work on this book daily, but it will be a slow process. It will take a while to put all the stories on the Google Docs sheet, but I will try to include them all, so long as the stories are about having bad teeth as a direct result of poverty. + +I will be editing submitted stories to correct any mistakes and to add clarity, but I will do my best to preserve the original voice. +We've all been there, at some point or another, someone says "you can't do it"... I've noticed those people in my life tend to be those who are themselves unsuccessful. What's your story? How'd you prove then wrong? + +If you could say anything to your past self to keep them going, what would it be? +WenMoon whales are beached and drying up right now. We are seeing a solid dip on the WenMoon charts that is starting to get eaten up as investors pour in! + +If you take a look at WenMoon they have seen steady growth in an upward trend followed by some whale sell offs. Normally that would be more effective but because investors get a 15% redistribution rate they just made bank off of some whale sell offs! This one really is a steal right now. + +For WenMoon their main focus has been getting listed on an exchange and we may see that happen sooner than later. 👀 This is incredible news for its investors who have been waiting to see where exactly this crypto would go. The chart is a bit deceiving as that was only a couple different whales that dropped it. + +I still think that this is one of the best investments in crypto right now for a reason. They have amazing token holders, starting a youth volunteer program, a huge business dev plan, a nationwide marketing strategy that is already being put in motion, a listing in the works, a Dapp being developed, and now they are out there whale hunting. + +WenMoon is still up huge after launch and I see no sign of it slowing down. DYOR and go check it out on the graph as well as their TG for anymore questions. I'll link some other links! Thanks! + +Telegram Chat: [https://t.me/WenMoonTelegram](https://t.me/WenMoonTelegram) + +Website with info: [https://wenmoon.space](https://wenmoon.space/) + +Listed on pancakeSwap[https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xb93ba7DC61ECFced69067151FC00C41cA369A797](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xb93ba7DC61ECFced69067151FC00C41cA369A797) Use 5% Slippage and make ending digits end in 000's (Ex. 500000, do not do 5130942) + +Don't forget to pack your moon boots 🚀 +Amid all the mod drama, dates hype and other distractions, I guess no one has noticed that [one of GameStop's most interesting new job postings is for a "Director of SEC and Financial Reporting](https://www.linkedin.com/jobs/view/director-sec-and-financial-reporting-at-gamestop-2615517946/)," which could indicate that GameStop is about to get a lot more serious about SEC engagement and shareholder protection by devoting an entire full-time $100-150k position to the responsibility. + +The new hire will be responsible for monitoring SEC developments to identify and document the potential impact of new pronouncements or other authoritative guidance and manage the implementation of the related disclosure requirements. Most intriguingly, the position will oversee "the equity process including tasks related to stock-based compensation, equity rollforward, shares outstanding, calculation of basic/diluted EPS, including an evaluation of the dilutive impact of equity-based awards with performance conditions." + +The inclusion of "shares outstanding" in the job description is probably routine but might also be interpreted to imply an upcoming effort to reign in or otherwise grapple with the problem of naked shorts, FTDs, etc. In addition, calculation of basic/diluted EPS (Earnings Per Share) is directly related to potential issuance of shareholder dividends and/or a merger, as discussed below. + +[The Balance explains](https://www.thebalance.com/basic-vs-diluted-eps-357566)...What are Basic and Diluted Earnings per Share? + +🚀 "When you dive into the income statement (also known as the company's "profit and loss statement"), you have to do it on two levels. + +* First, look at the entire business: How profitable is the company as a whole? +* Second, examine the profits per share: Publicly traded companies are cut up into individual pieces or "shares." Each of those shares represents part of the overall ownership pie. How much of the after-tax income is each piece of the company entitled to receive?  + +🚀 Basic earnings per share is a company's net income, minus cumulative preferred **dividends**, divided by the number of common outstanding shares. Diluted earnings per share represent the company's net income minus preferred dividends, divided by the total of the weighted average number of shares and other dilutive securities. + +🚀 To an investor who is looking for **dividends**, the second figure is what counts. A company might create more profit each year but give little of that profit to the shareholders per share. That is not good for a shareholder who invests for dividends, but it might be good for someone who looks for rising share values. + +🚀 Profits get lost on their way to shareholders (diluted) for many reasons. For instance, a **merger** may result in new shares being issued; employees may have stock options with vesting periods that are ending; there may be securities such as warrants or convertible preferred stock issued that dilute a stock." + +[This other blog further explains](https://businessdegrees.uab.edu/blog/basic-eps-vs-diluted-eps/) "earnings per share (EPS) is a measure of a company’s profitability and, by extension, a key indicator of its overall financial performance. In its most fundamental form (basic EPS), it indicates how much profit is assigned to each share of its common stock, which is valuable information for the firm’s investors. + +🚀 A high EPS generally indicates that the company has the money either to pay out via **dividends** or reinvest in the business itself, whereas low EPS implies the opposite. Accordingly, how a company’s reported EPS squares with capital market expectations can cause significant fluctuations in its stock price. + +🚀 In addition to basic EPS, there is also diluted EPS. This measure accounts for any convertible securities — such as employee stock options, convertible debt, convertible preferred shares, and warrants — that could be exercised, thereby diluting the EPS figure. Note that diluted EPS is by definition a theoretical figure, since it assumes something that hasn’t happened yet. + +**Basic vs. diluted EPS, explained** + +🚀 The formula for basic EPS is relatively straightforward. An accountant will subtract the company’s dividends for preferred stock from its net income, then divide that number by the weighted average of the common shares outstanding over the applicable accounting period. In calculating this weighted average, accountants must factor in any stock splits, stock dividends, share repurchases (also known as stock buybacks), and shares issued. + +🚀 The basic EPS figure is in theory a great indicator of a company’s financial health and stock price. Indeed, high EPS implies that it is a worthwhile investment. However, there are some distinct limitations to EPS: + +* The existence of stock buybacks — which have surged since the 1980s — means that a company can reduce its total number of shares outstanding without actually increasing its net income, leading to a deceptively high EPS. +* **Mergers** and acquisitions can distort EPS. +* EPS does not provide any direct indication of a company’s debt position or financial leverage, two figures that any informed investor will want to know about. Plus, debt might be issued for buybacks. +* Any adjustments in a company’s accounting policy — note that generally accepted accounting principles (GAAP) are not law — can result in changes in EPS. +* EPS does not reveal how much capital was needed to generate the figure in question. In other words, two companies could have identical EPS numbers but radically different amounts of capital used, meaning that one made much better use of its resources. + +🚀 Now let’s turn to diluted EPS. The formula is dividends for preferred stock subtracted from net income, divided by the sum of the weighted average of shares outstanding and the impact of all dilutive securities, including convertible shares, warrants, and stock options. As a result, diluted EPS is lower than EPS. + +🚀 Diluted EPS can be complicated to calculate. For starters, an accountant would need to determine what it would cost to exercise the company’s issued options, based on the strike (exercise) price of the shares in question multiplied by the total number of options. + +🚀 That figure would then be divided by the current market price of the stock, which would yield the number of shares that could be purchased with the value of the exercised options. Finally, subtracting that figure from the sum of the outstanding shares would provide the number of excess shares necessary for meeting the company’s obligations." + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + +TL;DR: GameStop is hiring a new Director of SEC and Financial Reporting who will broadly deal with and oversee many aspects of $GME stock of concern to shareholders. This is a high-level position with a salary up to $150k. It's super bullish for shareholders because it means that a Certified Public Accountant with deep experience will be working full-time on SEC issues and the equity process. + +Edit 1: Many commenters are expressing that this is a "normal" job position at many public corporations. This is definitely true. You can search the web and find a bunch of similar job descriptions at other companies. The relevant question is why GME needs to hire a Director of SEC and Financial Reporting, at this point in time, and how long and why the position has been vacant. This is pure speculation on my part but I have a hunch that GME hasn't had a dedicated individual in this position for a while, and the role of SEC reporting has been carried out recently by a team led by Chief Accounting Officer Diana Jajeh. Her bio on GameStop's website states, "Under her leadership, Diana and her team continue to enhance the organization’s global capabilities and service offerings in the areas of governance and compliance, accounting advisory, SEC reporting, tax planning strategies, treasury operations and capital planning and process improvements and system implementation." The last record I could find of someone filling a Director of Financial Reporting position at GameStop is an individual who was in this position for 3 years and 9 months until April 2020, according to his LinkedIn profile. Given the financial challenges GameStop was going through in 2020, the position may have been vacant for over a year as a money-saving measure, with its responsibilities assumed by others in the organization. The old job title was Director of Financial Reporting; the new title is Director of SEC and Financial Reporting. The new position is one of the first high-level jobs that GME advertised after raising $1.1 billion from the mid-June 2021 share offering. It wasn't my intention to imply that this sort of position is unique to GameStop, but I do think it's great news (and bullish) that this position is a priority now and will soon be filled. It's going to give GameStop extra firepower dealing with SEC and equity issues at a very pivotal juncture in the company's transformation with shareholders eagerly awaiting progress. + +Edit 2: I think it's super freaking awesome that this post resulted in MORE THAN QUADRUPLING (so far) the number of applicants for this position via LinkedIn! When I first posted, only 2 people had applied for the job via LinkedIn. Now with all of the attention from SuperStonk and other subs, in less than 24 hours the number of applicants via LinkedIn has gone up to 9! This means there is a real chance that an ape could be hired as GameStop's next Director of SEC and Financial Reporting. How cool would that be? Good luck to all of the ape-plicants, I hope one of you gets it! + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 +Hey everyone, + +I am a former Wall Street trader who has recently started writing weekly finance articles (initially for my friends). The purpose of this project is to democratise knowledge, and to help as many people become more financially literate. This is my means of giving back to the community, with the sole aim of bringing objectivity back into the space. + +Given that I am likely to run out of topics in the imminent future, I would love to hear from the community what topics are highly sought after. Happy to share everything I know about trading, investing, and decision making. + +Feel free to post below, or fill in my form here: [https://forms.gle/Ebcp7SQBKQ54jErC8](https://forms.gle/Ebcp7SQBKQ54jErC8) (I will not be collecting any e-mail addresses - this is purely for research). +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://en.wikipedia.org/wiki/List_of_countries_by_tariff_rate + +Surely of all nations they can afford least to impose tariffs, just look at Gabon at nearly 17%. +[https://www.pbs.org/wgbh/frontline/article/patients-pressure-and-profits-at-aspen-dental/](https://www.pbs.org/wgbh/frontline/article/patients-pressure-and-profits-at-aspen-dental/) + +This article sums it up pretty well but I'd also like to share my personal experience. A little background information: I'm 21 and due to not having dental insurance haven't seen a dentist since I was 19. My teeth are in pretty good shape and I have no major pain / visible issues. I only wanted to see a dentist due to the amount of time it's been and paranoia that I may need dental work due to this. I went to Aspen Dental because they offered a free exam and advertised $80 cleanings. + +They got me checked in and after a short wait took some X-Rays of my teeth. I waited for a bit more and they got me in the chair where a dental hygienist reviewed my X-Rays and looked in my mouth briefly. When I say briefly I mean she examined my mouth and X-Rays for less than 2 minutes. I'm not a professional but it seems like you would want to do a more thorough examination. She claimed that I "almost had" periodontal disease and showed me on the X-Ray where I had allegedly developed deposits that lead to this. I asked her to show me my other teeth and to my untrained eye there was no visible difference and she wasn't able to show me any difference between my "healthy" teeth and my "diseased" teeth. Though I believed her as I am again, not an expert but I was skeptical as I have brushed my teeth twice a day for as long as I can remember and regularly use mouthwash and floss. I don't smoke or do anything that puts me at risk for disease, but again, I am no expert, so I took this all as truth. She prescribed scaling and a follow up cleaning for this. + +I waited a bit more and the dentist came in and did another very quick examination. The first thing he said is that I should get braces because I have an overbite. I told the dentist that I have had braces and wore my retainer exactly as prescribed and that I used to have a severe overbite and the braces corrected it. He immediately changed his tune and said that I should get braces because my wisdom teeth are going to cause crowding. (This didn't make sense but again, he's the dentist). He also said I need to get all 4 of my wisdom teeth removed, and get 1 filling. + +They then took me to the finance office, where they handed me a "treatment plan" for $2,545. I about passed out. I looked at some of the items on the bill. $135 for a toothbrush, $45 for a "Listerine rinse" (mouthwash), $87 for a problem related exam prior to the extractions, $450 for each tooth extraction, $16 x4 for each quadrant of the mouth for "oral irrigation" (pressurized water). And other absurd charges. I told them upfront that I couldn't afford this, and she offered me financing options, with 48 MONTH and 60 MONTH loan terms. With a 15.99% APR!!!! They wanted me to take the same loan term with a higher interest rate than I do on my *brand new car* . Or a 12 months deferred interest option with *28.99%* APR. + +The woman was trying really hard to pressure me into agreeing to one of these finance options for procedures I wasn't even sure I needed. She said all she needed was a signature. She kept claiming it was just permission to schedule the appointment even though the terms on the document were clearly for a credit check. They wanted me to be paying $72/mo for 5 years to get all of this done. My wisdom teeth aren't causing me any pain, grew in straight and in their entirety, and aren't even touching any of my other teeth. A quick google search of the symptoms of periodontal disease showed that I don't have any of the signs, and I certainly don't need a $135 toothbrush. I want to emphasize there's a chance that they are right as I'm no expert, but this is still absurd, even more so if they are trumping up the procedures I need (there is evidence to prove this company does this). She just wanted me to sign the form and they kept trying to disguise it as something besides a credit check. + +I worked at a car dealership for two weeks and quit because of how disgusting it felt to take advantage of people and I can assure you they were using the same tactics that car salesmen use. + +The sad part is that I didn't get the worst of it, if you read the article I posted above, Aspen Dental has a history of recommending extractions and other procedures when they aren't needed. I'm not saying this is my case because I recognize that I am not a dental expert in any capacity and I don't have the ability to diagnose these things, and I recognize that I may very well need all of this, but these ridiculous charges and insane financing options are predatory and disgusting. + +Please avoid companies like this if you can, it's really hard to get dental care in the US without insurance and I'm still assessing my options. These corporations are the source of most dental complaints and the regulations for them are VERY LOOSE, they are not held to the same standards as your family dentists and reports say that many dentists for Aspen and other corporations are unqualified and perform poorly. They bait you with the free exams and try to convince you to pay for absurd amounts of work. These aren't people you want working on your teeth. They are pressured by the corporation to generate profits by any means necessary and will put this over your health. +&#x200B; + +As a value investor I am always in a conundrum about IPOs. While one of the tenets of value investing is to not buy anything without sufficient data. It is hard to ignore the hype going around and then you read about the gains on listing. So, decided to look at data over last 10 years. + +Disclaimer: I got a [report on Moneycontrol](https://www.moneycontrol.com/ipo/ipo-historic-table?classic=true), analysed purely from that, did not do separate analysis beyond Moneycontrol nor audit the numebrs they threw up. + +Of the 237 IPOs that happened in last 10 years (from 2010) , 144 have lost value, 37 have doubled in value, and 6 have been multi-baggers 5x - these were L&T Infotech, Muthoot Finance, Persistent, Thangamayil, Vascon Engineering, Infinite Comp. (Jubilant Foods might be there as well - seemed to be some issue with their data in the list). The likelihood that you would have picked one of these from reading the prospectus is serously low. + +Each of the Multi-baggers above you would have had enough opportunity to buy after IPO - let me pull up Muthoot finance - IPO was 175 in 2011, it went down to 76 by 2013 Aug, till 2016 May it was around the 200 range and only after that did it start going up, bulk of the movement in last 2 years, a good 7-8 years post IPO. + +So, in summary, I think I will continue to leave IPOs well alone and wait to see sufficient data before buying. Good to affirm this for myself with the numbers. + +BTW, Mrs. Bectors is trading at a 25% discount if anyone is lamenting missing that IPO. :-) +“Slowly”. Pronounced a bit slowly following a short pause. My wife is sharp as a tack! + +The billing clerk was gobsmacked. Nobody had ever answered that way. Seems like a response that could go legend in a place like that. + +How have you responded when they dropped the bombshell? +[https://www.latimes.com/politics/story/2019-09-18/bernie-sanders-affordable-housing-homelessness-southern-california](https://www.latimes.com/politics/story/2019-09-18/bernie-sanders-affordable-housing-homelessness-southern-california) + +I've been a political supporter of him, but I voiced concerns about the effects of rent control (I have real estate investments) on the Bernie subreddit and was pretty much shunned out of existence (stuff like, "we should ban property" and "landlord are leeches" etc etc) So I decided that probably wasn't the best place to ask for feedback + +Objectively (or as objectively possible), how does rent control affect a landlord like me who is in the middle-class and rents out a single-family home as an investment property? How will it affect renters positively or negatively? Thanks. + +EDIT: this wasn't a dig at any political affiliation btw, I'm just voicing my experience (which is anecdotal and not representative of everyone in that camp of course) +The title says it all really... but basically are there any actual benefits to being a landlord anymore? Rental yields are rarely above 8% even in the north, with most down south being much more like 4%. This doesn’t take into account all the expenses that go into being a landlord, void periods or indeed your time/headaches doing it. Also the nature of the investment doesn’t allow for compounding returns. + +I understand by using a mortgage you are effectively increasing your yield, since you only put down the deposit, but assuming someone had £x00,000 cash why would they invest in a rental property? Is it a better choice for income purposes? +I’ve been watching Bloomberg today and seeing stock in the US prices are fluctuating crazily... for example: + +Canada goose + 19% +Moderna - 16% +Pfizer +10% +Peloton - 35% +LiveNation +14% +Booking holdings +10% +Carnival +8% +Merck -9% + +Why is this? Has it always been like this or is it just a new trend? + +This just seems mad, especially when we all try and aim for 7% in a year, but some of these stock are providing two years worth of returns in a day!! + +S&P500 is up 12% in 6 months and 27% year to date. + +Euronext Paris (French) is up 18% in 6months. + +So I’m starting to think is a 7% figure too conservative these days? And do we think over the future years it will be easier to achieve this now there is so much money in the market and more investors. I saw a chart that in 2020, there was a trillion dollars inflow into the market which was equivalent to the last 10years total inflow. + + +Additional info: +S&P returns over the last few years: + +2012 +16% +2013 +32% +2014 +13% +2015 +1% +2016 +12 +2017 +22% +2018 -5% +2019 +31% +2020 +18% +2021 +25% + +So that’s 16.5% average a year... +Damn I just love to be part of this saga. 🦍🦍🦍💎🚀🌌 + +Edit 1: I just upvoted every single comment because there was not a SINGLE negative one so far. +Damn this community has become awesome ❤️ + +Edit 2: Wow nearly 9k likes and a lot of awards 🥰 I really appreciate it guys thank you. This just confirms my thoughts. +A ton of silent apes are among us. This army is terrifying in a positive way. +I would really shit my pants if I had to fight this new first-time-in-history-smooth-brain-enemy. + +Edit 3: Just finished reading and upvoting all these nice comments. A lot of people did their first comment. I am honored. +Also some mentioned they have friends /family who own GME shares and don't use reddit. +I also have a few friends with GME positions, also non-reddit user. +GME is in nearly every EU county the most traded stock (German 🇩🇪 ape here). +When I think about it, and I am here since January, I might have underestimated the amount of apes worldwide 😳 +Hi everyone, + +It's been five months, and having just made my last PF donation to the Internet Archive, I figure it might be a good time to say farewell. + +I just want to thank everyone for supporting [this project](https://pineapplefund.org/). Thank you for all the charity suggestions, many of which were funded. Thank you for all the positive messages and love sent my way. And also, thank you, the Bitcoin and cryptocurrency community, for turning a Sourceforge project into a $0.5T industry. + +I kind of miss the old times when bitcoin was a small community, and you could count the number of 'altcoins' with one hand. Finding someone else who even *knows* about bitcoin was incredibly rare, and exchanges were semi-automated or running on PHP. + +Every development since then makes Bitcoin stronger and better at solving the problems of the existing financial and monetary system. It's created a new generation of crypto early adopters, cypherpunks or technologists using cryptography to change the world; and now having the power and responsibility of capital. + +5104 BTC was turned into $55 million for charities, from providing clean water, [open mapping](https://blog.openstreetmap.org/2018/01/11/donation-from-pineapple-fund/), to clinical trials of [MDMA as treatment for PTSD](https://www.nytimes.com/2018/05/01/us/ecstasy-molly-ptsd-mdma.html). + +Thanks for following along with this experiment. I'm going to say goodbye now, but maybe there's room for dessert in a few years. + +If you're ever blessed with crypto fortune, consider supporting what you aspire our world to be. :) + +♥, Pine +I just turned 23 years old, and have 52k in Savings. I dont have any debt, have credit in the 700s, and have already been pre approved for a mortgage of up to 215,000$. +Me and my wife did not go to college or anything. We've been working low paying entry level jobs since turning 18, and decided that we would aggressively save for a house. Even after paying all our rent and bills, we threw everything else into savings and continued to live our frugal life. +We are now at this point and I kind of want to buy something that we would both enjoy, but I feel terrible about it.. I'm a gamer and am really interested in buying a PS5 or Xbox Series X in December or January when they become available. +I then start to feel terrible about it because thats 500$ gone and It would take us about 2 weeks to save that amount after bills. +Half of me wants to say live a little, but the other half tells me to stay focused on saving more money towards a house. +How do you guys deal with spending guilt? +Newbie question. I have inherited a multi unit property in good condition with little to no repairs needed. I’ve wanted to grow an investment portfolio of rental properties for a while and potentially using this property’s equity to work towards that. My ultimate goal is to grow my cash flow to the point I can quit my day job. Would it be a good idea to take out a loan against the apt complex in order to free up some cash to buy other rental properties? +I've been trying to swim and stay above water and nothing is working. I'm starting to drown in third tunnel that I'm having a hard time seeing light at the end of... +I purchased a commercial property in CA for $1M earlier this year (before COVID 19). The previous owner purchased the property many years back from $2.4M. The property tax came back based on $2M. The city has taken the position that the value is greater than the purchase price. I've argued that the property has been vacant for over three years and when the previous owner purchased the property it had a national tenant with a long term contract. I've been following the property for three years and negotiating with the previous owner. I thought I got a new deal, but who knows. Especially now with COVID 19. I've argued with the city that the tax should be based on the purchase price because of Prop 13, but I don't seem to be getting anywhere. Any suggestions? The formal appeal process can take as much as two years and it's hard to rent the property with such high property tax that's not based on FMV. Thanks! +In California there is a huge homeless problem, houses are way expensive, and it really hard to start a business compared to Texas. Why is this? + +My family seems to be sure it's because of the liberal government vs Texas's more Republican government. + + +Edits: just worded this more clearly +In California there is a huge homeless problem, houses are way expensive, and it really hard to start a business compared to Texas. Why is this? + +My family seems to be sure it's because of the liberal government vs Texas's more Republican government. + + +Edits: just worded this more clearly +Gamified fundraising. + + +With all of the recent refocus in BSC as we enter the memecoin casino phase of the bull run (if anyone remembers this during the 2017 bull run on ETH memes, you know we’re still in for quite a treat) it’s refreshing to see some good come from all this wanton day trading. + + +Yes indeed, the recent run of charity coins is the absolute perfect application to all this gambling, and it honestly surprises me that it took crypto taking this turn for people to realize the opportunity in gamifying charitable donations. + + +Because as much as we all like risking our entire life savings for the promise of the monster gains of mass adoption, it helps to know that when we inevitably get financially ruined, well, at least some of it went to goodwill. + + +So you can see with a name like Happy, and a charitable cause that is emerging as people learn to speak more openly about the mental illnesses that plague us, that there is serious potential here to rewrite the game on how to source these types of donations and create a true foundation of social programs for BSC, and perhaps all of crypto. + + +At a tiny $7M circulating market cap, there is just so much room for this coin to run as people recognize the legitimacy of these charity coins in spite of their humble beginnings. When people understand that both charitable organizations skim off more than you think, and that casinos are perfectly acceptable avenues for money, and that a casino that donates to charity is an idea that only works in practicality on the blockchain, this is no joke to be just as valuable as a SafeMoon or even DOGE. + + +After all, $HAPPY has the same general game mechanics that make those tokens so appealing, but offers the kind of real world utility that attracts normies and provides lasting value. This is all on a project with burned liquidity and ownership renounced making this absolutely rug-proof. + + +And with the team currently in talks with a number of mental health organizations, they should have their first donation of $10,000 out the door Friday. If other charity tokens have been any sort of indication, there should be quite an uproar once this news is confirmed and publicly shared by the receiving organization. + + +Audit will also be delivered Friday with a whitepaper rumored to be coming sometime before that. CEX listings have also been given a heavy hinting, meaning WhiteBit could be just around the corner… + + +In other words, this should be one hell of a weekend and with a couple of whales having recently made their exit, there truly won’t be another buy opportunity like this. So take advantage of the entry point and thank me later. There truly won’t be anything as calming on the mind as $HAPPY in this new world of gamified fundraising. + + +Website - https://thehappycoin.co + + +Telegram - https://t.me/happy_coinTG  + + +Buy Link - https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D  + + +Chart - https://poocoin.app/tokens/0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D  + ***"I think almost anybody can draw \[on the\] lessons from Warren’s achievement at Berkshire. The interesting thing is you could go to the top business schools and none are studying and teaching what Warren has done." Charlie Munger*** + +And you're absolutely right, most business schools these days focus on academic rubbish like portfolio theory, quantitative finance, excessive diversification, and so on than big investors like Buffet, Munger, Li Lu, Mohnish Pabrai, Stanley Druckenmiller or Jim Rogers despise. Although it seems that Columbia Business School is the great exception. + +They have a Value Investing department called "The Heilbrunn Center for Graham & Dodd Investing" where they focus on teaching the margin of safety and the whole philosophy of Graham, it is taught by professors who have been successful in investing (not academics with unverifiable theoretical models), and has connections with the industry that invests in value, hedge fund such as Himalaya Capital Management, Pershing Square, etc. A great place to study if you want to follow in the footsteps of Buffet, Munger, and Graham. + +[https://www8.gsb.columbia.edu/valueinvesting/coursesfaculty/valueinvestingprogram](https://www8.gsb.columbia.edu/valueinvesting/coursesfaculty/valueinvestingprogram) +I am sure I am not the first person to state my theory on this thread. However, I want to clear something up that I see a lot of on this sub and that is; comments about people wanting to invest in real estate so that they can “never work again”, or something to that effect, and assume that investment real estate properties are completely passive income. FALSE! + +This could not be farther from the truth. I am someone that bought my first investment property in 2018 at the age of 27. Being in my 20s, I didn’t have a lot of money and was able to secure a distressed quadplex for $300k. I didn’t know anything about property management, but I didn’t want to pay someone else to manage my building at 10% or more with a bunch of junk fees. So, I rolled up my sleeves and took on management myself. + +Rents were below market value, and all units needed work. The only way to make the quad cash flow positive was to fix up the units, turn the tenants and increase rents. This turned the property from pretty close to break even (including my mortgage) to cash flowing around $1500-1700/month. + +Now, I never quit my day job. I put in long hours after work and on the weekends. To improve the building, I needed money from my day job to fund the venture. I have good credit, so I got an 18 month interest free CC and put the materials and new appliances on that card and budgeted to pay off every month. + +Fast forward almost 4 years and I have been able to purchase 2 more houses with guest houses using FHA loans, and a similar value add approach. I also live a modest lifestyle (drive a paid off car, don’t eat out every day, but used/second hand electronics, furniture, etc. To save a buck) + +Long story short- For new real estate investors, especially younger people, or people just purchasing real estate, if you are truly trying to reap the benefits of real estate for investment, the process will not be passive. In fact, to get the most out of real estate for investment, it is ideal to purchase a property that needs improvements, make improvements, up rents and manage yourself. + +Most importantly, save your money and be patient. Real estate investment is not a get rich quick scheme, it’s a build wealth consistently plan. Anyone who reads this, I am not trying to discourage you, quite the opposite. I am trying to paint a realistic picture and share my journey in hopes you can learn a thing or two, and start your own success story. +Alright lads, I have something I need to get off my chest. + +[https://twitter.com/FestLanding/status/1415712157677785089](https://twitter.com/FestLanding/status/1415712157677785089) + +[Notice all those sticky floors \\"influencers\\"?](https://preview.redd.it/o6y5n5y4xfb71.png?width=527&format=png&auto=webp&s=1ff65cc591096534c3db90acc4d0e1ea504b768b) + +# This. Is. A. Joke. + +Some more shenanigans from the "green laser eyed" twitter people, pushed by the sticky floor twitter/youtube crowd. + +But they couldn't just make it a sticky floor event, they somehow had to involve our dear unicorn tech/gaming/ecommerce future giant in their bullshit. + +[Obvious Sticky Floor using GME for relevance](https://preview.redd.it/zug6k86wmfb71.png?width=871&format=png&auto=webp&s=674cb96c5ee7795de74c32d48737929ec502381c) + +If you go on their website: [https://apefestival.com/](https://apefestival.com/), you'll see that they are selling tickets starting at $150 up to a WHOPPIN $1000. + +Lads - **this isn't the way.** + +BUY, HOLD. Is the only way. Going to an ape festival cashgrab that's probably going to be Fyre 2.0 isn't a part of the motto. + +Don't fall for this shit. + +EDIT1: + +[Need I say more?](https://preview.redd.it/8nac99g9pfb71.png?width=671&format=png&auto=webp&s=34e4fda3bdb13e40347f8e6f6a98290d95513235) + +[Obviously Trey is there](https://preview.redd.it/ctxnd19ymgb71.png?width=533&format=png&auto=webp&s=ebc9ec1c40449603556ece4c32a657f38cc0fc8b) + +[And the tesco Trey](https://preview.redd.it/6w3bv6uzmgb71.png?width=538&format=png&auto=webp&s=8942a8afe9be5ce474f183e138a6ee30f0dd7332) +(https://i.imgur.com/7MfLnKs.jpg) + + +1. Iron Mike Tyson was one of the greatest boxers of all time and the youngest heavyweight champion of all time. + +2. Throughout his career, Mike Tyson has earned over $500 million in his career. + +3. In 2003, Tyson filed for bankruptcy. + +4. Mike Tyson earned $22 million for his fight with Michael Spinks on June 1988. + +5. From June 1988 to April 2021; the S&P 500 with dividends reinvested has given a CAGR of 10.90% + +If Mike Tyson invested $22 million in a Vanguard S&P 500 Index Fund and invested nothing else : + +MIKE TYSON WOULD BE WORTH $600 MILLION TODAY + +A net worth of $600 million would make Mike Tyson the 5th richest sportsperson of all time. + +Behind the likes of Michael Jordan and Vince McMahon. + +Richer than Cristiano Ronaldo, Lionel Messi and Lebron James. +[source](https://accelerateshares.com/blog/whatever-you-do-dont-invest-based-on-dividend-yield/) + +The classic thinking that many amateur investors, and even some professionals, have is that if you buy a stock with a high dividend yield, you should do well in the markets. Certainly, there is no shortage of dividend-investing hype. + +Dividends and share buybacks, also known as “shareholder yield” when combined, are ways to return cash to shareholders. + +Throughout most of capital markets history, share buybacks were actually illegal. It wasn’t until 1982, when the SEC passed a new rule allowing for buybacks, did the composition of shareholder yield begin to change. + + +In the S&P 500 index, buybacks have become so pervasive that the buyback yield is nearly 4%, or almost double the index’s dividend yield. Buybacks now account for two-thirds of the S&P 500’s shareholder yield. + +The S&P 500 buyback yield has exceeded its dividend yield almost every year since 2005. + + +Many set their dividend yields artificially high, typically north of a 10% yield, when the underlying portfolio only generates sub-5% dividend yields, in order to attract less sophisticated investors in search of yield. This dividend is mostly return of capital – effectively paying investors their money back as the fund slowly liquidates to fund the payments. + +When a company pays out more money than it produces in free cash flow, it can fund this by partially self-liquidating to pay an artificially high dividend, at least temporarily. + +Out of the investable universe of Canadian stocks (ie. those trading above $2.00), 62% of stocks pay a dividend. However, 45% of Canadian stocks generated negative free cash flow over the past year. 19% of Canadian stocks paid a dividend while generating negative free cash flow and 34% of publicly traded Canadian companies paid a dividend last year that they couldn’t cover with their positive free cash flow. + +Dividend yield investing is really just a watered-down version of value and quality investing – and a poor one at that. + +Empirical data shows that an investor is likely to earn higher returns by focusing on a stock’s valuation and/or quality, based on measures such free cash flow and return on capital, instead of dividend yield. + +Over the past 20 years, Canadian stocks in the bottom 10% of dividend yield would have performed essentially the same as the top 10% of dividend yielders at 8% per annum. A $100,000 investment into either the highest dividend yielders or the lowest would have been worth $450,000 after 20 years. + +The top decile of FCF-to-EV stock portfolio, made up of stocks with low valuations based on free cash flow, would have compounded at 16% annualized, double the dividend portfolio. + +Empirical evidence indicates that focusing on valuation and quality of securities will earn you higher total returns compared to investing based on dividends alone. + +An investor can generate income by harvesting capital gains. One should be indifferent to $1 from dividends or $1 from capital appreciation. + +Dividends have lost their luster ever since share buybacks came to dominate shareholder yield over the past 15 years. +A collection of files from the Financial Crimes Enforcement Network that is largely composed of so-called "suspicious activity reports" covering $2 trillion in transactions from 1999 to 2017 shows that major banks, such as **JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank**, and **Bank of New York Mellon** knowingly move money for **drug cartels**, the **Taliban** and other **organized crime enterprises**. + +While at least some of these transactions are caught and documented in internal audits, which may then even be reported to the authorities, neither the banks nor the authorities are making much of an effort to put an end to these. The authors of the article suggest that the banks just want to keep the business while officials fear cracking down on the banks as it might set negative precedents that would require them to take legal action against dozens of banks, causing enormous economic damage and political fallout. + +While this shouldn't be much of a surprise to anyone, it's interesting to see how this system emerged over the past two decades. I also wasn't aware that the authorities were complicit in it to this extent. I suspect that this leak won't have much of an impact, though - neither on the banks, nor on the market. I will definitely keep an eye on some of the big finance symbols on Monday, though. + +Sources: + +[https://www.buzzfeednews.com/article/jasonleopold/fincen-files-financial-scandal-criminal-networks](https://www.buzzfeednews.com/article/jasonleopold/fincen-files-financial-scandal-criminal-networks) + +[https://www.bbc.com/news/uk-54226107](https://www.bbc.com/news/uk-54226107) + +[https://en.wikipedia.org/wiki/FinCEN\_Files](https://en.wikipedia.org/wiki/FinCEN_Files) + +[https://media.icij.org/uploads/2020/09/download\_data\_fincen\_files.zip](https://media.icij.org/uploads/2020/09/download_data_fincen_files.zip) +For anyone that's interested in an update on what happened, the closing occurred today. + +Original post: [Seller signed contract; refuses to close : realestateinvesting (reddit.com)](https://www.reddit.com/r/realestateinvesting/comments/nascb8/seller_signed_contract_refuses_to_close/) + +We spoke with an attorney, he sent a demand letter for closing and threatened to litigate for specific performance. This could be done as the individual that signed on behalf of the buyer (a FL LLC) was the "manager" of the LLC and the second signature was not required (the second individual is not a "manager" of the LLC). + +As mentioned in my second edit, the title company would not release the proceeds to the "manager's" personal account. Many options were provided to the sellers but they turned them all down. It wasn't until it was made very clear to them that they would lose in either mediation or in court (and be responsible for all our legal fees) that they agreed to proceed with the sale. + +I'd like to thank u/ottorange and u/flarealdeal for your comments as we went into the call with the attorney armed with knowledge. For those that suggested we walk away and find another property, that wasn't an option. This particular property is ideal as it has handicapped parking immediately in front of the unit which is something we need. Next step is to literally remove the step in the concrete walkway and put in a ramp for wheelchair access. + +Thanks again fellow real estate investors! + + +Edit 8: Important **NEW TOOL**---> [Coinbase created a page that automatically generates an email to send to your senator to vote YES on the Wyden-Lummis-Toomey amendment and NO on the Warner-Portman amendment](https://p2a.co/y19AJ6V) + +Link is legit---> https://twitter.com/brian_armstrong/status/1423746002360619015 + +Edit 9: [**Watch debate LIVE later today**](https://www.youtube.com/watch?v=5LxB21OP1-E) + +> **🔴 LIVE | Senate Infrastructure Bill Vote | Debates Crypto Amendments | Support Lummis-Wyden-Toomey** + +We need to organize and unite around this serious issue. We need to act TODAY. Yes, calling your Senator works if it's in enough large numbers. Forget everything else today and let's act as ONE against this atrocity that could kill Crypto (at least in the US). + +If you live in the United States, CALL AND WRITE your Senator TODAY regarding this regulation which is being used as a weapon against Cryptocurrencies. + +https://thecryptobasic.com/2021/08/06/out-of-the-blue-white-house-came-in-to-support-crypto-tax-proposal-changes-that-are-not-friendly-to-the-crypto-world-senator-cynthia-lummis-calls-crypto-community-we-need-you/ + +Please call: + +> **Call your Senators right now at 517-200-9518 and tell them to support this amendment!** +> +> &#x200B; +> +> We'll connect you to their offices and guide you through the process. +> +> &#x200B; +> +> When a staff member answers, tell them: +> +> &#x200B; +> +> “Hi, I’m calling to ask that you support Senator Wyden, Toomey, and Lummis's amendment to the cryptocurrency provision of the infrastructure bill (H.R. 3684) . This amendment will ensure that the provision does not dramatically expand financial surveillance, harm innovation, or undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you.” + + +https://np.reddit.com/r/Bitcoin/comments/oxylqf/update_last_week_news_broke_that_hidden_within_an/ + +Also you can [use this link](https://gyazo.com/2ed1e022258560cf5381104e144c5667) below to do it easily: + +https://www.fightforthefuture.org/actions/stop-the-senate-from-sneaking-through-total-surveillance-of-the-crypto-economy/ + +Edit: Another very [fast and easy](https://gyazo.com/47f15703326299a353fe706f292a0297) way to do it here: + +https://resist.bot/petitions/plwpcn/ + +Edit 2: Watch this excellent rant by Charles Hoskinson: [Warner-Portman-Sinema v Toomey-Wyden-Lummis](https://www.youtube.com/watch?v=JEF8dwF36qY) + +Edit 3: Thanks u/crypto_grandma + +> **For those that think it won't make any difference**, I saw [this comment](https://np.reddit.com/r/Bitcoin/comments/oxylqf/update_last_week_news_broke_that_hidden_within_an/h7rew9m?utm_medium=android_app&utm_source=share&context=3) in the pinned post on this issue in r/Bitcoin that hopefully will encourage people to see they can make a difference: +> +> >I interned for an organization that works on calling/emailing congressmen and senators on acts that we need to pass. +> +> > I never knew how this actually DOES make a difference. +> +> >You don't even need to say the paragraph, you can say some simplified short sentence like "I support this amendment to this act". An intern answering your call will add a tally to "support this amendment to this act" to the call report that is sent to the congressional leader and their staffers. It is an email containing numbers of how many people called about what. We can really work together to make this staggering. +> +> >True, there may be some senators that are being disgustingly lobbied out of their decisions. But there are also those who are genuinely interested/confused on cryptocurrency and this shows them the general public consensus to support. +> +> >You can literally call/email every week on repeat, it goes on a fresh new report each week. Please help in making this work. + +Edit 4: **Late, but I just saw this [+excellent](https://i.redd.it/9g2x5ocdbtf71.jpg) [+explanation](https://i.redd.it/mexj1pcdbtf71.jpg)** + +Source---> https://np.reddit.com/r/Bitcoin/comments/ozgw7w/please_read_and_call_your_senators_and_share/ + +Edit 5: Another [great way](https://gyazo.com/e6f4708f1f8acfadc41b610eba75b288) to contact your Senators: + +https://www.cop.senate.gov/senators/senators-contact.htm + +Edit 6: Adding Senator Lummis [amazing speech defending Crypto on the Senate floor.](https://youtu.be/H8HS92IveEY?t=230) + +Edit 7: Keep the [pressure!](https://www.youtube.com/watch?v=thMAmHBEB38) They are bringing out the big guns---> + +> **Jeff Stein of the Washington Post wrote that Treasury Secretary Janet Yellen has personally lobbied against the earlier amendment, even going so far as to contact Wyden directly**. + +https://www.theblockcrypto.com/amp/post/113774/dueling-amendments-on-crypto-tax-reporting-become-key-battleground-over-senate-infrastructure-bill +Should I try to change that mindset? Or is nothing worth it other than food and shelter. Are there any other purchase types you're consistently happy with? +That is not hyperbole. Money isn't just paper used to buy cocaine and hookers. It is a physical representation of a portion of a man's life. Make $50,000 a year in a soul sucking desk job? Taking a $50,000 position on $GME is risking a year off your life to fight this good fight. The amount of years so many of you are willing to put on the line is an amazing testament to how dedicated this sub is to fucking these bastards raw. The bastards who steal thousands of years off the regular man's lives every single day. You're fighting the good fight, and your sacrifices will not be forgotten. 💎🙌🏻🚀🌕 +Yeah, I know, it outperformed SPY/VOO on total returns, but looking at holdings I have a strange feeling, that I wouldn't buy some of them, as I consider them legacy. I feel a little uncomfortable not seeing things like J&J, Microsoft, Apple, JP Morgan, Procter&Gamble that are missing there, and instead you have IBM and International Paper + +Yet it grows. + +If you have similar problem, how do you solve it? Combine SCHD with VIG/QQQ/DGRO/VOO? Buy SCHD + handpick stocks? Close eyes and go YOLO on SCHD like "I don't need to know why this works if it works"? +I don't know if I'm the only one who thinks this way, but it's extremely difficult for me to comprehend how real estate prices will continue to go up (and outpace inflation) forever. Everyone I talk to in real estate believes that to be the case. + +If prices continue to outpace inflation forever, then eventually no one will be able to own a home except a few people. Eventually it has to hit a point where it levels out. What makes it more difficult is that investors will continue to invest and eventually there will be no homeowners -- only investors and renters. + +Let's take coronavirus for example. The people getting hurt the most are the renters, they are the people losing their jobs. Because of this, they are way less likely to ever buy a home meaning that they are way less likely to buy a home and those homes will be bought by investors. In addition, the homes that get foreclosed on will be bought by investors as well. + +Is anyone else concerned about this? I really don't know the end in sight but it doesn't seem good. Maybe I shouldn't be saying this on this sub, but a system where people continue to gain passive income without providing much work to society doesn't seem sustainable. + +Thoughts? +edit: +update: [new numbers two hours after posting show](https://www.reddit.com/r/Superstonk/comments/nj6n7t/superstonk_has_over_eight_hundred_times_the/gz5wu71/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf&amp;amp;amp;amp;context=3) **SuperStonk now has OVER ONE THOUSAND TIMES** the upvote engagement per capita over wsb (same metic as title) at the time of this edit. + +edit for more numbers on another metric: + +[SuperStonk's number of new posts in the last hour was 400X per capita over wsb ](https://www.reddit.com/r/Superstonk/comments/nj6n7t/superstonk_has_over_eight_hundred_times_the/gz75iuj/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf&amp;amp;amp;amp;context=3) at the time of this edit. + + +original post: + +i was just curious to compare some friendly numbers. + +i browsed SuperStonk and wsb this morning for the data in this post and sorted each sub by 'top comments' then by 'today'. + +wsb: +~10.1M members +~44K online at time of posting + +**wsb top posts today with over 1000 upvotes:** +#4 + +SuperStonk: +~308K members +~20K online at time of posting + +**SuperStonk top posts today with over 1000 upvotes:** +#107 + +the math: + +wsb is 32.79X bigger than SuperStonk. + +(fyi: wsb has only 2.2X as many online right now over SuperStonk.) + +SuperStonk has 26.75X the number of top posts today with over 1000 upvotes over wsb. + +scaling for the size differential: +26.75 X 32.79= **877** + +#800X = 80000% + +**SuperStonk has OVER EIGHT HUNDRED TIMES the upvote engagement per capita over wsb in consideration of todays top posts with over 1000 upvotes.** + +now i understand some of the obvious factors in play, and i'm not posting this to be divisive. after all, wsb was the sub from whence we came and is custodian of the hallowed DFV YOLO updates. + +i was just curious about how much engagement was going on over there compared to here. + +now i know. + +(nothing to see here apes, carry on) + +**tldr:** wsb is a giant hollow echo chamber and SuperStonk Stadium is fucking PACKED and JACKED^TITS + +edit: forgot to leave these for you: +🖍🖍🖍🖍🖍🍌🖍🍌🖍🖍🖍 +Winning a 100k settlement, not needing to pay taxes. What would you do in this scenario with the info given below. + +Living in California, no kids, mid 20’s no direct family or relatives with total debt of 20k (Car, credit cards) working and average paying job (32k a year). + Due to limitations of text size, I am posting the entire summary as one post. (edit: I thank the moderators for directing post-budget discussions to this thread.) + +# Budget highlights + +## Part A + +Unless otherwise mentioned, the statements are paraphrases of the speech of the FM. (comments from me are in brackets) + +## Context + +&#x200B; + +* Budget reflects our commitment to the people of India +* /list of the usual suspects of the focus of the government +* Cleanup of bank NPAs and recapitalization +* GST gets the Centre and States to work together for the nation as a whole +* Average household saves about 4% of the monthly budget due to reduced rates - overall 1 lakh crore of benefit +* /Big numbers quoted on the stats of GST +* Between 2006 and 2016, India lifted more than 27 cr people out of poverty +* Central govt debt has come down to 48% of GDP (from 52% 5 years ago) +* Budget is presented amidst two mega trends - Proliferation of technology, and High percentage of working age population +* Three themes:  "Aspirational India",  "Economic development - for all",  "Caring Society - both humane and compassionate" +* <missed the part on indices +* /Kashmiri verse  - sole vatan gulmohar...   Our nation is like the blossomingShalimar gardens,   bloming lotus in Dal lake,  thh bllod of youth...     My nation, your nation, our nation - most beloved in the world" + +## Aspirational India theme + +## Agriculture, irrigation, rural dev + +&#x200B; + +* Committed to double farmer income by 2022  (Note: This is farmer income, not farm income or food income) +* Encourage state governments to undertake model laws introduced by the centre -   contract farming, APMC, livestock promotion  +* **20 lac farmers to be helped for standalone solar farms - on shallow or barren land**, another 15 lac to use solar powered pumpsets to feed the grid +* Balanced use of all kinds of fertilizers - going away from the excessive use of chemical fertilizers +* /Poem from Avvaiyar - "Bhoomi Thiruthi Unn"   -  Tend to your land and get feed from it +* Efficient warehouses at block and taluk level  - in PPP model;  FCI and CWC would also build more +* **Woman SHGs to be encourage in building seed bank** +* IR would have refrigerated coaches for precious goods;  cargo flights focused on agri produce +* Horticultural production - 300+ million tones - produces more than agri sector    -   Focus one product in one district +* Strengthen organic produce +* Double milk production +* Agri credit availability to be enhanced + +&#x200B; + +* More SHGs for alleviation of property + +&#x200B; + +* 2.83 lac crore + 1.3 lac crore overall allocation + +## Wellness, water and sanitation + +&#x200B; + +* Priority to aspirational districts to build AB hospitals +* Proceeds from tax on medical devices to be used for hospitals +* Indradanush to cover 12 more vaccines +* **Committed to ODF Plus, to sustain behavioural aspects** +* 3.6 lac crore for Jal Jeevan - piped water to all homes + +## Education and skills + +&#x200B; + +* India will have world's largest working age population by 2030 +* NEP to available soon +* **ECB and FDI to be allowed in education** +* 150 higher ed institutions to start apprentice linked degree and diploma courses by 2021 +* Local bodies to provide internship to to fresh graduates for 1 year +* Full fledged, online degree programs - only from top 100 in NIRF - for the poor +* **An IndSAT exam in Asia and African countries** +* Police and Forensic Science universities +* Medical college to be attached to district hospitals - viability gap funding to be extended +* Large hospitals can offer DNB and FNB to resident doctors +* 99,300 cr for education and 3,000 cr in skill development for nursing, caregivers, etc. + +## Economic Development + +## Industry, commerce, trade + +&#x200B; + +* Words from Indus scripts - Guild, Wholesale merchant, Assayer of metals, Black smith, tin smith - show long tradition of industry and trade +* Entrepreneurship has always been the strength of India +* Investment clearance cell for end-to-end facilitation +* 5 new smart cities focused on industry +* Further measures for mobile phone assembly, semiconductor boards, electronics, etc. +* Look to reverse the tide of import of technical textiles +* All ministires would be issuing quality control orders +* **Better insurance and refund mechanisms for small scale exporters** +* Every district to be an export hub +* GEM to be expanded further - 3.24 lac vendors already on platform +* 27.3 k crore for the sector + +## Infrastructure  + +&#x200B; + +* National Infrastructural Pipeline (announced earlier too) +* Project preparation facility to involve young engineers and MBAs +* National Logistics Policy to be announced soon +* Accelerated development of hihgways - 2,500 km of access control highways, 9000 km of economic corridor +* **Delhi-Mumbai to be completed by 2023;**  Chennai - Bengaluru to be started soon +* More Tejas like trains; continuation of other recent initiatives +* **140+km suburban rail for Bangalore on metro model**    (Good job Tejasvi Surya!) +* 1.7 lac crore for transportation +* One port to be taken up for privatization +* Smart metering proposed for electricity - goal is 3 years +* More measures to reform discoms +* Moe work on pipelines, gas grid +* 22k cr for power and renewables + +## New Economy + +&#x200B; + +* **Private sector to build data center parks** +* BharatNet to cover 1 lac gram panchayats +* Digital platform for IP +* 8000 cr over 5 years for quantum tech + +## Caring Society + +## Women and Child welfare + +&#x200B; + +* **Across all levels - Gross enrollment ratio of girls is higher than boys** \- 94.3 for girls vs 88-odd for boys   (lots of noise from the opposition on the mention of Beti Padao...) +* Poshan Abhiyan to be strengthened further - 6lac anganwadi workers equipped with smartphones to track health parameters of 10 cr households +* Task force to increase age of women entering mothehood +* 28.5 k crore for programmes specific to women +* 35.6 k crore for nutrition programmes +* Eliminate manual cleaning of septic tanks +* Numbers for specific communities and groups + +## Culture and tourism + +&#x200B; + +* Institute of heritage - deemed university +* 5 arch sites to be developes as iconic sites - Rakhigarhi, Hastinapur, Shivsagar (Assam), Dholavira,  Adhichanallur (TN) +* Mint building to have Numismatics museum +* Maritime museum at Lothal +* 3k cr for Culture +* Rank from 65 to 38 in travel index +* 2500 cr for tourism development + +## Environment and climate change + +&#x200B; + +* India to implement commitments - given under Paris accord - from 1.1.21 +* Advice to close older high-emission plants and re-use land +* Encourage states to implement Clean Air acts in cities over 10 lac in population +* Expectedly one quote from Thirvalluvar -  Jewwls of a good country -  Health, Wealth, Food production, Happiness, Security ans safety +* (associated programmes with each of these jewels...) + +Two hands would hold these themes - Governance and Financial Sector + +## Governance  + +&#x200B; + +* (a few political points) +* Efficiency and fairness of tax adminsitration +* Taxpayer charter to be included in the laws +* Amendments in Companies Act to decriminalize civil violations +* **National Recruiting Agency for non-gazetted officer posts** +* Strengthening of Contract Act +* Improvement in Statistical Institutions - new National Policy on Official Statistics +* India would be G20 president in 2022 - seek to drive global development agenda +* 37k crore for UTs + +## Financial Sector + +&#x200B; + +* 3.5 lac crore infusion in the past for bank capital +* Some PSB may go to capital markets +* Mechanism to monitor health of all scheduled commercial banks  (Note>  Not +* **Deposit insurance coverage to go up to 5 lac per depositor** +* Debt recovery thresholds reduced for NBFC +* Balance govt holding in IDBI to be sold off to private players +* **Universal pension coverage would have auto enrollment** (further info to be awaited on this) +* Amendments to PFRDA - separation of NPS trust of govt model from PFRDA +* NBFCs can extend invoice financing for MSMEs +* Scheme to provide subordinate debt for entrepreneurs of MSMEs  -  would be quasi equity +* 5 lac MSMEs have benefited from debt restrucuring last year - window to be extended till Mar 2021 +* App based invoiced financing loans +* Certain categories of govt bonds would be available for foreigners +* Legislation to strengthen credit default swaps +* FPI in corporate debt to be raised to 15% +* **More debt ETFs - government securities** +* Measures to further improve liquidity of NBFCs +* GIFT city - strengthened further - would have bullion exchange +* **LIC to have IPO** +* 15th Finance commission has given its first report - most have been accepted - final report to be presented later this year +* Balances in GST to be transferred to GST compensation funds +* Budget annexure has list of non-sheet debts used to fund expenses; servicing of interest on these are done from CFI + +## Fiscal Numbers + +&#x200B; + +* 19,32 lac crore of receipts so far +* Nominal growth estimated at 10% +* Receipt of 22+ lac crores +* Expenditure at 30.42 lac crores +* **Fiscal deficit estimated at 3.8%  (3.5% for next year)** +* In line with trigger mechanism of FRBM act - Section 4(3) +* Net market borrowing 4.9 lac crore - 5.3+ lac crore for next year +* Capex being increased by 21% + +## Part B - Taxation measures + +## Direct Taxes + +&#x200B; + +* /Kalidasa quoted now - Prajanam Eva ...  - Sun collects vapours from little drops of water and give backs copiously... So does the king... +* Measures would stimulate growth + +## Personal Income Tax + +&#x200B; + +* Proposal for simplified taxes - **lower rates if you forego exemptions** +* Zero tax till 5 lac +* 10% for income upto 7.5 lac +* 15% for 7.5 to 10 lac +* 20% for 10 lac to 12.5 lac +* 25% for 12.5 lac to 15 lac +* <these are without exemptions. no info yet on which exemptions go away> + +* <examples give benefit even for people maxing out 80c> +* New regime is voluntary +* (this is in line with many OECD countries) +* Prefilling of returns for new tax regime +* More than 100 deductions and exemptions now - have removed 70 of them in the new regime +* Would review and rationalize the others too + +## DDT + +&#x200B; + +* No DDT for companies. Investors would pay tax at their rates (not known if it would be marginal rate) +* Estimated revenue loss is 25K crore + +## Indirect Taxes + +&#x200B; + +* Power companies to get new lower tax rates +* Extension of concessions on various taxes... +* ESOPs to have deferred tax payments - benefit tax to be levied after 5 years, or on sale or exit... +* 100% exemption for foreign sovereign funds investing in infra +* Co-operative societies to have an option to get 22% tax - like corporates; also exemption from MAT +* Audit threshold increased to 5 cr based on turnover for some MSMEs  - but only if you do less than 5% transactions in cash +* Tax holiday for developers of affordable housing till Mar 21 +* Interest exemption extended for 1 year +* 80G to be eased further - pre-fill of information +* Centralized, online registration for charitable institutions +* "Vivaas Se Vishwas Scheme" - to reduce tax disputes    - 4.83 appeals pending now - tax payer to pay only the disputed tax and not penalties and interest - till 31 Mar 2020 +* CBDT would issue a taxpayer charter +* Instant PAN through Aadhaar + +## GST + +&#x200B; + +* Many ease-of-use measures on indirect taxes and GST +* Aadhaar based verification of GST registrations +* AI and data analytics to catch fraud in Input Tax Credit + +## Customs + +&#x200B; + +* Specific measures to curb FTA misues +* Additional health cess on import of medical equipment +**Should you buy Apple stock or has the company run out of growth opportunities? What is my price prediction for Apple in the next years? Read until the end as I reveal my price target for Apple and also what I think will happen in the next couple of days, weeks & months!** + +**\~ Warning! Very Very Long Post\~** + +Hello everyone! So, let’s go over some of the latest news on Apple before moving on to some fundamental and technical analysis, predictions and my price target for the stock in the next years. + +**\[Disclosure: I made this DD last month, but I wasn't part of this Subreddit until the last few days\]** + +So, let’s start with the [news](https://postimg.cc/Xrkwk6rP) that Apple will cut the App Store commission in half for small app developers starting in the next days, this will affect developers who earn less than $1M annually from the App Store Sales. This is likely to lead to a small decline in commission revenues for Apple as around 98% of the app developers will qualify for this tax reduction from 30% to 15%, but all these small developers only contribute to about 5% of the estimated $50B in annual revenues from the App Store, so that would be only a $1.25B loss for the company, that is less than half a % of the company’s total net sales in the last fiscal year. + +Also, these changes may lead to a potential long-term revenue boost, as it is likely this will lead to an increasing creation of apps which will generate more commissions in return. + +Alongside this we also saw the company releasing the new MacBook’s with their first in-house [chip](https://postimg.cc/vc39NF7x), which promises faster video and imaging processing [times](https://postimg.cc/CR5Fmj5V), with both [CPU](https://postimg.cc/Y4yLdrMd) and [GPU](https://postimg.cc/xJz8gLsd) performance up to 2 times faster than the latest PC laptop chip using just a fraction of the power consumption, with both of the macbooks promising big improvements in [battery](https://postimg.cc/1fp6y1rz) life. Apple is also [expected](https://postimg.cc/GHrtJ8vc) to roll out even more in-house chips in future products, as they have started the 2-year breakup with Intel chips. + +We also saw Morgan Stanley [upgrading](https://postimg.cc/bZ5qMsSS) their base case to $191 at the end of November, as they have cited record lead times, supply chain forecasts and carriers demand as they expect that the company will sell around 270M iPhone in fiscal year 2021, that’s 50M more than the consensus and almost 30M more than the previous estimate of Morgan Stanley, with an average selling price of 842$, 9% more than the base case, as people tend to chose the more expensive and high tech versions of the lineup in this new 5G cycle. + +The 5G super-cycle, which I believe is on the way, and will continue in the next years, as 5G become more available worldwide, could still be the biggest thing coming right away for the company with 5G smartphones [expected](https://postimg.cc/LJptP88f) to surpass 4G sales by 2024, with the average sale price of the 5G phones also coming down, helping them become more popular. This will also be helped by the recent entry to the Indian [market](https://postimg.cc/7fV6BHNS), as India will probably become the world biggest country in the next decade, this could be a huge opportunity for Apple to start and take away market-share from their competitors like Samsung and Xiaomi which have the biggest market shares right now. + +They also [released](https://postimg.cc/PpWhPy31) an update iPad Pro and an all-new iPad Air in September which will also boost sales in this work-from-home environment that will keep the demand very high for this kind of products, just like the Macs. Alongside the increasing demand from the Wearables, Home & Accessories that include Air Pods, Apple TV, Apple Watch, and many more products. + +But the biggest reasons I believe Apple is poised for continued growth, is primarily due to its services business, as they start to offer more and more services like the Apple ONE [BUNDLE](https://postimg.cc/4777MD3s), which include up to 6 services from (Apple Music, Apple TV+, Apple Arcade, Apple News+, the new Apple Fitness+ and the iCloud service) for a pretty reasonable price in my opinion [starting](https://postimg.cc/BLkDnqzj) from 15$ up to 30$/month, this could be a great option for families and even individuals who use their services a lot. + +The latest services, [Fitness+](https://postimg.cc/cKV4KrsG) just launched in the past days, and is a direct competitor to the likes of Peloton, as the service is available on the iPhone, iPad or even Apple TV. This also makes consumers buy the Apple Watch which syncs to the other devices to show you different information. The Fitness+ app just on its own is 8$/month or 80$/year which is less expensive than Peloton subscription which charges 13$ or even traditional gyms like Planet Fitness at 10$/month. + +I think this will be the fastest growing sector for the company, as this aligns with the new macro trends, as the world is moving more and more to a digital approach to almost everything as consumer preferences, with more & more younger people reaching the point in life when they use these services start to align to this increasing digital approach. + +We also shouldn’t forget the Apple Card & Apple Pay service among many others which also seem to gain from the move to digital & contactless payments, as this has been accelerated due to the current situation in the past year. + +And one last piece of [news](https://postimg.cc/k6BKCVTr), and the most recent one, is that Apple may have fast-tracked the Titan project. The Titan project is targeting a 2024 or 2025 push to develop an electric vehicle with advanced battery technologies, that will deliver significant increases in range at much lower costs than the current technologies while also offering self-driving capabilities. + +It’s reported they will not use the same technology as Tesla Full-Self-Driving feature, but will use LIDAR sensors, similar to those that we can find in the latest iPhone 12 PRO. + +I think Apple can go 2 ways with this project, they can either use the huge amount of cash the company has to buy another car-maker like Ford, GM or any other car manufacturer expect Tesla and Toyota which do have a big market cap, so that they can fast-track the potential manufacturing of cars, or they can enter into a partnership with big companies like Tesla, Volkswagen or any other car marker to either produce cars or license their technology to this other car-makers which would ultimately and probably have higher margin-returns than the effective manufacturing of cars. Apple’s current overall [gross margins](https://postimg.cc/ykv1mfVP) stand at 38% vs the 15% average of the world top 10 automakers by market cap, which is significantly lower. + +But this Apple Car thing is so far out, and there are so many unknowns, I will not try to predict anything related to this until there is more clarity on the subject. + +And last, before moving on to some predictions, here are some of the highlights that we heard from the latest investors conference meeting, as the CEO, Tim Cook [expressed](https://postimg.cc/TyhpLzgg) optimism ahead with the launch of many new products and services, especially the Home Pod Mini and the new 5G iPhones, as these new iPhones include new LIDAR scanners that greatly improve the camera capabilities, as the iPhone as seen very positive reviews. We also saw the Senior VP and CFO, Luca Maestri give us great [outlook](https://postimg.cc/DWDmqxPD) for the company as they expect the installed devices base to continue to growth despite already being at an all-time high as they have over 585M paid subscriptions on their platforms and expect this to surpass 600M by the end of 2020. + +I also researched and found what products we can see in the near future, with the first half of [2021](https://postimg.cc/jCBQsXVM) bringing new iMacs, the AirPods3 and the iPad Pro, while in the [FALL](https://postimg.cc/8jVJKngg) event we will probably get the new iPhone 13 alongside the iPhone SE PLUS and the Watch Series 7 with more products coming [later](https://postimg.cc/GHc3s01t) in 2021 or that don’t have an estimated release date like the Air Pods Pro, the Air Tags and the iPad Mini 6. + +So, before even starting, you should know that I am bull on Apple but I am willing to hear other opinions so don’t be afraid to leave a comment down below. + +I have made some predictions based on the growth rate of the [company](https://postimg.cc/JHRDpPGQ), the latest plans announced by them and used some estimates. So, keep in mind this are only projections and are calculated by myself, this is not an investment advice and you should do your own research. + +This are my 2025 projections for Apple, let’s take a closer look at them, each on their own. + +So, in term of revenues, Apple has 5 big sources of income, which saw an overall increase of 6% despite lagging sales in the iPhone. The biggest revenue is by far the iPhone right now with over $137B in revenue in the fiscal year ending in September. I expect to see the iPhone sales increasing in the next years, especially in 2021, with the new 5G iPhone creating a super-cycle for the [company](https://postimg.cc/XGfBKT7J), as most iPhone users, including myself here, as I will upgrade from my iPhone X, will switch to this new product. The iPhone sales have decreased in the last couple of years by 14% and 3% as a result of the product not having big improvements, as well as iPhone usually starting to last longer than previous models, so I expect to see a 12% increase in sales next year and a gradual decrease in the growth of sales as more people upgrade, ending with just a 5% growth in iPhone [sales](https://postimg.cc/V0wfRpr7) in 2025. + +The next revenues stream is from the Mac, which has seen an increase in the past 2years, with revenues topping $28B this year after the huge demand from the work from home consumers. I [expect](https://postimg.cc/1405tm2b) this trend to continue as they plan to continue to launch better products and I can see the company having a similar growth next year before starting to decline slightly until 2025, also ending with a 5% growth. + +The iPad is currently the smallest revenue stream for Apple but has also seen an increase in demand in the past 2 years with a 13% average increase in revenues. I also expect the iPad to continue to grow in the next couple of years, especially with the learn-from-home environment for kids, and even after this period ends, the transformation for learning will implicate more digital usage. I [expect](https://postimg.cc/5XKtVsT0) the iPad to see some similar growth to the Macs, especially with the latest generation also bringing a new iPad air to the market. + +The 4th revenue stream and the fastest growing in the past 2 years, with an average growth of 33% are the wearables, home & accessories revenues. This have topped $30B this year, as Apple has also just launched the Apple Watch series 6 and also feature other great products like Apple TV, the Air Pods the Home Pod and the Home Pod mini alongside other third-party accessories. + +I gave this [revenue](https://postimg.cc/v4C4JQ4T) stream a growth of 20% starting next year with a gradual decrease to around 8% by 2025, as I believe this will become more & more popular as they start to offer more vertical integration. + +And last, but by no means least, the revenue stream that I expect to grow the most and the fastest is the revenue from the services that Apple offers. This includes revenues from Apple Care, Advertising, Cloud Services, Payment Services like Apple Card & Apple Pay and of course the digital content which includes fees from the App Store alongside subscription-based income including the new Apple One Bundle and Apple Fitness+ alongside the already know Apple Arcade, Apple Music, Apple News+, Apple TV+ and hopefully I don’t forget any others. + +So, I [expect](https://postimg.cc/svV7mDWR) this to become the clear 2nd biggest revenue stream for Apple by 2025, as I expect this to grow more than 20% next year, mainly due to the Apple One Bundle and Apple Fitness+ followed up by a slightly decreasing growth, ending with a 10% increase in revenues in 2025. + +I think this are fairly conservative base case scenarios for the revenues, as I expect them to continue to increase the [other](https://postimg.cc/1VFFgkxJ) revenue streams and not have such a large percentage of the revenues coming from the iPhone sales as you can see in this chart. + +In terms of expenses, I pretty much kept the same margins as in previous years, with a 68% expense ratio on product sales \[ [iPhone](https://postimg.cc/JDZ7jMnD) / [iPad](https://postimg.cc/Wd14CB9C) / [Mac](https://postimg.cc/q6GkZw2p) / [WHA](https://postimg.cc/211q9q8g) \] and 35% expense ratio on [SERVICES](https://postimg.cc/8sdLLrjH), as this are way more lucrative. + +In the past 3 years, the products [gross margin](https://postimg.cc/ykv1mfVP) was 32.7%, so I actually imply bigger expenses for the manufacturing and sales of products, as this is mostly impacted by the company’s supplier’s ability to make up for and demand, while for the services revenue, the gross margins for the last 3 years has been 63.5% on average, but I expect this to be more in-line with the 66% margin in this past year. So, if services manage to grow to about half the revenues from the iPhone, this will effectively double the gross revenues, as every buck gained in the service revenues account for 2$ in the product sales. + +So, I expect the total [revenues](https://postimg.cc/sMjByQ2n) for Apple to increase from $274B in 2020 to over $440B by 2025, increasing by approximately 10%/year, while I will keep the expense ratio pretty much in-line and have them increasing by 11%/year, this would bring the total gross income for Apple to $177B, increasing mainly due to the services revenues as I said earlier. This growth is just above the 4year [average](https://postimg.cc/Tp8g83mS), and below the 2018 levels, which we might see again with this 5G super-cycle and explosive growth in the services revenue. + +I also think the company will continue to invest in both Capital Expenditure and Operating expenses. + +I think the operating expenses will remain pretty much in line with the [previous](https://postimg.cc/2qBCfrnc) years, as this number has increased by 1% [annually](https://postimg.cc/Fd5JL9v8) both in R&D and SG&A. So, I will keep the exact percentages from previous years, as I expect the revenue to increase, thus I don’t see a big increase percentage wise. This would account for over $60B in operating expenses by 2025 and over $11B in Capital Expenditures by 2025, as I expect this to increase, mainly due to the possible EV developments or investments in self-driving capabilities alongside other manufacturing capabilities. You can see that the Capex [spending](https://postimg.cc/yDsRdpLy) has been decreasing in the past years with just over $8.8B in payments for business acquisitions and the other traditional Capex spending. Some people may use the cash generated by [investing](https://postimg.cc/Mn9nG6Mz) activities as Capex, but that is more unreliable. I also can see the Capex going back up, so I wanted to be safe and implied a 10% growth. + +This money would account for over $73B in [expenses](https://postimg.cc/dZnY91K1) and would bring the profit for the company to almost $104B before interest and taxes. + +Moving on, let’s see what interest income and expenses the [company](https://postimg.cc/cgy0x2ms) has had in the past few years. We can see a decrease in interest expense in the past few years as the company has been paying off debt, but they have also been generating less money in this department, with an overall decrease in this department of more than 50% in the past year, way less than the amount from 2018. So, for safety reasons, I used a 10% decline in both income and expenses [related](https://postimg.cc/QKgtZhZG) to interest, while increasing the other losses by 10%/year. + +This would bring the company pre-tax income to just over $104B in 2025. + +Let’s move on to taxes. I know the Federal income tax rate is 21% for the [company](https://postimg.cc/ykY39pq1), but the actual effective tax rate for the company was lower than 15% in the past year, mainly due to lower tax-rates on foreign earnings alongside tax-benefits and tax-settlements. The average effective tax rate has been just over 16% in the past 3 years, but with more and more of the revenues coming from outside the US, I think it’s safe to say that the company will have around a 15% effective tax rate by 2025, this obviously if nothing major changes in tax policy around the world. + +So, Apple would [have](https://postimg.cc/Wqc3ytKw) $88.6B in income after tax by 2025 and with the current outstanding shares standing at just under 17B, so I don’t even account for the company probably continuing to do share buybacks, this would mean a $5.22 [future](https://postimg.cc/4YytCLwL) earnings/share. And with today’s price for Apple just around 136$, that would mean to [company](https://postimg.cc/RNf1qH44) is trading at just over 26 times forward price to earnings. + +I don’t think Apple will ever trade at a discount again, with the current PE [standing](https://postimg.cc/RqwqHQ6s) at over 40, I believe this will eventually go down, probably to around 35, despite the increase in services revenue, which is highly valued by investors. I think we can see Apple trade somewhere near 35 [times](https://postimg.cc/5H98PKv2) P/E in 2025, especially if something big happens with the EV project, this could be even higher, just look at Tesla which trades at [insane](https://postimg.cc/sBZhxMk5) P/E. Of course, we also have to take into consideration the dividends that will be received from owning the stock, as Apple has started to pay dividends almost a decade ago and has 9 years of dividend growth, with a 10% annual rate of [growth](https://postimg.cc/CnbZMbD2) in the past 5 years. [Here](https://postimg.cc/7CLT1G8C) is the dividend growth history for the company, as I also went conservative on this [estimate](https://postimg.cc/Tp7LcjGr) and implied a 7% growth for the next 2 years, 6% for 2023 and 2024 and just 5% in 2025. + +So [here](https://postimg.cc/R3PK21QQ) are my 3 price targets for the company, [including](https://postimg.cc/JHR8JXvv) dividends but not reinvested. My bear case scenario is that Apple will trade at almost 165$ which implies a [return](https://postimg.cc/jCYzWhd2) of over 21% by 2025, while my base case scenario would see Apple trading at 195$ with a return of capital of 43%. I will also make the bull case for Apple trading at 225$ by 2025 with dividends included, which would imply just over 65% in gains by then. + +I think this is possible as Apple has also [continued](https://postimg.cc/fJj36jMt) to buy back shares of the company on a constant basis, as they continue to an impressive campaign with over $72B worth of common stock repurchased in 2020. They continue to buy back shares at a very fast pace, having repurchased over 1.3B shares in 2019 and 2018, while also issuing less stock every year. + +So here is the full [spreadsheet](https://postimg.cc/Z995KrzL) that I have projected for Apple by 2025 and the breakdown of everything i estimated \[ [1](https://postimg.cc/jCT7qdZJ) / [2](https://postimg.cc/DmcbSkMp) \] , if you do have another opinion or a suggestion please leave a comment down below, I think I have been conservative in most of my projections, but feel free to give your opinion. + +Keep in mind, these targets might sound ridiculous, but just [look](https://postimg.cc/V50nHCSn) at the growth Apple has had in the last 5years. The company has increased in value by more 400% in just the past 5years and is over 100.000% up since it started trading. So yes, the valuation is mad right now for the company. So, are you willing to bet against Apple? + +The company also has pristine [financials](https://postimg.cc/LYcYMxqf), with more than $65B in total assets compared to total liabilities, and more than $38B in cash and cash equivalents. + +So, what do I expect in the next couple of days, weeks and months for Apple? + +Let’s look at this [CHART](https://postimg.cc/7592T1c8), so starting with the stock split, Apple saw a correction within the September stock market pullback, in a buy the news & sell the event, after a huge runup post-announcement of the stock split. The stock entered a consolidation period, and didn’t have any big catalysts, especially with new iPhone lineup not being included in the Q4 results due to the late launch. The stock found some levels of resistance near the $120 levels that it struggled to get past but acted also as support after breaking them just before the recent news of the possible EV developments or self-driving-features to be licensed to other car manufacturers. After that news the stock spiked and has now reached the previous highs made before the stock split and is facing some resistance, if the stock pushes over $140 I think we can officially say that it broke the resistance at those levels and is not just a fake-out. But I think it’s likely that the stock will consolidate between 122 and 135$ in the next weeks until the next iPhone sales and quarterly results are released, as the stock has entered overbought territory again with an RSI over 70, the first time since the stock split. + +So, what would I do? Well, I own Apple stock, and I really believe this company will remain the biggest or one of the biggest in the future, so I would really add on any weakness that the stock shows before the next quarter earnings are released, as typically Q1 [earnings](https://postimg.cc/V5t0FPTF) are the best for the company due to increased holiday sales combined with the launch of new products. I think any entry below 130$ would be really nice to start and build a position or increase it if you already own the stock. As I believe Apple is one of the most stable stocks out there with large institutional [holders](https://postimg.cc/3kqG3XcK) like Vanguard, BlackRock and Berkshire owning over 900M shares each. + +Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! + +Have a great day and see you next time! +Honestly lately every post I see is a “*RandomTicker* short squeeze buy now” You apes need to understand that having a 30% short interest doesn’t mean the stock is going to squeeze. Short squeezes are very unlikely and GME was/still is once in a decade oppurtunity. + +I currently hold 350 shares of BB at 14$ and I see apes throwing around short squeeze on BB. Like come on don’t be so retarded. BB isn’t a short squeeze play. It was an undervalued OG play of WSB from November. That’s why it’s been running up lately because market is finally realising it value. Not because there is a short squeeze happening. + +Anyways I know it isn’t a WSB post without rockets so BB GME AMC to the moooooooon 🚀 🚀🚀🚀🚀🚀🚀🚀🚀 +I am long VTI, bought a few earlier today at what I thought was a discount, but surprisingly it has fallen even more. + +Any thoughts, ideas, suggestions on support range? I’m ready to throw everything at it. +I'm not about to talk about what price I think is a "floor" or make any kind of price prediction whatsoever, because I honestly don't think anyone knows what's going to happen here. I am not a financial advisor and this is in no way financial advice. But I've been asked many times why I bought some $GME, and wanted to write down my thoughts. Besides the fact that I wanted some skin in the game as I engage here with all of you, there is another reason. The initial gamma squeeze back in January was massive, and had all the hallmarks of a flash crash - until it repeated itself a couple of days later: + +&#x200B; + +https://preview.redd.it/5rvznty0kb171.png?width=1004&format=png&auto=webp&s=4e5c5b12abeab83ef853067c84656ce3643f17c1 + +When I saw that, and then saw it go back up to the mid $200s in March, I saw something that looked very familiar. I am a strong believer that flash crashes and other extreme moves actually have information within them. And I have often seen them act as magnets for price. They might appear to be flukes or weird occurrences, but I've seen the price come back to them too many times to dismiss them. So seeing GME trading at $138.80, it seemed like a no-brainer to [jump in](https://www.reddit.com/r/Superstonk/comments/naoqr9/bought_some_gme_yesterday/). + +Will it hit those levels from January? I wouldn't be surprised, but I don't claim to know. Will there be a MOASS that takes it to levels no stock has ever seen before? Again, I have no great insight on this. I think that anything is possible and if the DD and theories around naked shorting and FTDs are correct, then we're in for a hell of ride. + +This is a very unique confluence of conditions, and I want to see how it plays out - and hopefully make some money in the process. I'll never tell you to buy a stock, and I'll always urge you to only invest what you can stand to lose. But so far the ride has been fun, and I can't wait to see how this all shakes out. + +Edit: For clarity around my thoughts. + +Edit 2: **tldr; I like the stock.** +Everything I can find speaks very positively of them, but in practice they are extremely rare. And even the areas that implement them seem to often repeal them. + +What am I missing here? + +[Dollar Crash ](https://www.google.co.in/amp/s/markets.businessinsider.com/amp/news/dollar-crash-swelling-deficit-deglobalization-stephen-roach-coronavirus-stimulus-recession-2020-6-1029312845) + +1. Do you think the dollar will eventually crash? + +2. How can we as retail investor take advantage of it? + +3. Is investing SIP in Motilal S&P and Nasdaq a good option or should we stop it temporarily? +# If I've learned anything on this sub over the past several months it is this. When a bunch of craziness happens don't jump on board and add to the crazy. Wait a couple of hours. Let the dust settle. Immediacy is not our friend. Speculation is not our friend. People want to be first more than they want to be right. The truth will come out. It always does. The Mods have proven they are committed to that. +**UPDATE**: I've now been permanently banned from /r/cryptocurrency for calling them out for this post. Wow! The mod who banned me is the one who deleted the post in /r/CC - he said it's for brigading by linking to the deleted post below, which he himself deleted! + +----- + +poster /u/Far-Scholar9028 uncovered insider trading over at Coinbase and decided to document it on /r/cryptocurrency: + +https://www.reddit.com/r/CryptoCurrency/comments/u207fe/nancy_pelosi_works_at_coinbase/ + +at first their post was randomly locked by moderators [as I reported here](https://www.reddit.com/r/ethtrader/comments/u2dqzh/rcryptocurrency_just_locked_the_post_on_coinbase/). + +The post has now been **completely deleted** despite multiple news sources [starting to report on the story as well](https://decrypt.co/97631/ethereum-trader-400k-tokens-coinbase-before-public). + +I will post the original (now deleted) post from /r/cryptocurrency below, but I'm again paging OP /u/Far-Scholar9028 and the company /u/coinbase and top mods at /r/cryptocurrency /u/jwinterm and /u/crypto_buddha to please help explain what happened. + +16 hours ago Coinbase asset shared this medium link to their twitter. [https://blog.coinbase.com/increasing-transparency-for-new-asset-listings-on-coinbase-e06f2edb095e](https://blog.coinbase.com/increasing-transparency-for-new-asset-listings-on-coinbase-e06f2edb095e) + +Transparency for potential new asset listings on coinbase. There is an address that bought a few of the shitcoins listed on there 6 hours before coinbase posted their medium onto twitter. Here is the link for the address. [https://etherscan.io/address/0x1c84a6d53f8950cd06a4016e5f547a089dd7b6fb](https://etherscan.io/address/0x1c84a6d53f8950cd06a4016e5f547a089dd7b6fb) + +[Here are the tokens that can be found in the wallet](https://preview.redd.it/xlaw6l6wt3t81.png?width=1338&amp;format=png&amp;auto=webp&amp;s=08ba9c08fc3f3283e11741511426f754b2d43585) + +Guess what, + +https://preview.redd.it/lm8jipt3u3t81.png?width=525&amp;format=png&amp;auto=webp&amp;s=a363294668d9ced2530c649f3125da06a070e358 + +[6 hours before the release, this address bought a good amount of Krom](https://preview.redd.it/w54ipipau3t81.png?width=1326&amp;format=png&amp;auto=webp&amp;s=fdf52973095339d22866da1b1e076d93fe392518) + +[Next is NDX](https://preview.redd.it/997tgirmu3t81.png?width=543&amp;format=png&amp;auto=webp&amp;s=1e337010d244ec2fa806cbdb1148f2b264e6e041) + +[Same again, bought it around 7 hours before.](https://preview.redd.it/yf0i2v8qu3t81.png?width=1331&amp;format=png&amp;auto=webp&amp;s=03fd1aa8f3c9a1d4dfeb62277130e5d125041803) + +[RAC is next, god damn who ever this is, is either the luckiest or is insider trading](https://preview.redd.it/vo502c14v3t81.png?width=513&amp;format=png&amp;auto=webp&amp;s=bd3822b8a829a1fa0ae6b71e7411a27a028f0b51) + +[13,377 tokens bought around 8 hours before medium was shared.](https://preview.redd.it/rqt3x39bv3t81.png?width=1324&amp;format=png&amp;auto=webp&amp;s=02901684e49daa73db5b10dd779dbe578fb80c71) + +There are 3 more tokens in the wallet, and it is the exact same story. Someone needs to be fired from coinbase, this shit is illegal tbh. What do you guys think? Either this person is lucky with the shitcoins they choose to buy or they had insider info and bought accordingly. + +[I mean whoever this is has probably gained more than 30&amp;#37; in a day from their antics. Interesting](https://preview.redd.it/j95kbxnsw3t81.png?width=608&amp;format=png&amp;auto=webp&amp;s=dc7f3ae3fce318fbc39a0f830634c9c33ff1e000) +So until maybe 10 years ago I thought 401k and retirement was for the rich. No one ever explains this stuff to you in school or otherwise. I’ve also always been a bartender or server, so I’ve not had a job that offers any of these things. + +So I ask you, what the hell do I do, how do I get started? If I start now, would I even be able to retire at a decent age? I make about $45000 a year (after taxes), but my monthly (and all) income varies due to the business I am in. + +I have about 20k in student loan debt (and no degree, yay!) that I pay about $50 a month on. I have one credit card and it has $500 on it due to a recent emergency but I don’t usually carry a balance. +My bills and expenses are about $3000 a month, I track every penny in and out on an app so I can provide more info there it needed. + +I feel so clueless and silly for waiting this long. Can anyone help me out?? Thank you! + +Edit: I rent, $600/month. My car is paid off. I’m getting an unexpected $3500 soon and want to so something smart with it. + +EXPENSE BREAK DOWN 2019: I’ve left out some of the smaller and one time expenses + +Pets $7550 (my dog was diagnosed with lymphoma, usually it’s about $2000 a year for pets) + +Rent 6750 + +Savings 4800 + +Cigarettes 3500 (yes I know that’s a lot and I need to quit) + +Groceries 3450 + +Weed 2100 (medical. Non negotiable) + +Eating our 2650 + +Cell 1650 + +Health insurance 1600 + +Electric/gas 1550 + +Lady things 1550 (this is hair color, make up, tampons, etc) + +Car insurance 1380 + +Clothes 1200 + +Fuel 1200 + +Entertainment 1100 (concerts, movies etc) + +Car repair 850 + +Braces 800 (smile direct) + +Internet/subscriptions like Netflix 785 + +Gifts/Xmas 1300 +Student loans 445 + + +EDIT AGAIN! + +Several people have said I’m living in poverty. That is not the case! I didn’t realize some would consider that poverty level, especially without kids! +My mom told me that if my brother can't pay back his loan, then i will be responsible for it solely because I am his brother. I didn't co sign the loan and I didn't sign anything so how can I be responsible? + +Edit: I just found out he has 150 shares of Apple stock. There is no way in hell I'm giving my brother any money. +I'm talking about things like frozen burgers and chicken which are like 60% fat and the rest is practically gristle, bone and beak, and flavourless, low nutrient content fruit and vegetables +Most advisors are simply glorified sales people, and they only have to adhere to the “suitably” standard. This means that if Fund A will earn you 10% but earn your advisor nothing and Fund B will earn you 5% while giving your advisor a commission, it’s perfectly legal for them to suggest Fund B (because it’s still earning you a return and therefore “suitable” to your goals). Yes, this is stupid, but it’s how the system is currently setup. + +Fiduciaries are legally bound to recommend the BEST option for you. Always. + +Also, some advisors will say, “I adhere to the fiduciary standard,” but they aren’t actually a fiduciary and aren’t legally bound by those rules. They are doing so by choice and can choose not to do so if they wanted without facing any legal consequences. + +Always works with a fiduciary. + + +EDIT: Some commentators have made some great points about the nuances of being a fiduciary. Thanks for the additional info everyone! + +However, with so many shady characters in the advisement industry, I personally will only work with a financial advisor that is a fiduciary, is primarily fee-based, transparent about how they make money, and preferably independent (not associated with a broker). While none of these factors guarantees competence, they reduce conflict of interests and bias IMHO. +I spend about 15-30 minutes copying numbers from Yahoo finance into a spreadsheet, to understand wether a company is overpriced or not. Figuring out the maintenance capital expenditure is a real pain. + +So long story short, I created an intrinsic value calculator. +I don't have to input a bunch of numbers from yahoo finance anymore. The calculator gets realtime market data. I Just insert the symbol of the company and I know if it's worth buying the company's stock. + +It saves me a lot of time personally! + +If you find any value in it, I can upload the calculator to the web. If I do end up uploading it, it's going to be 100% free, so don't worry about that :) + +I would love to know what you guys think + +Edit: Adding a video and a screenshot from the calculator + +[Video - Company value calculator](https://imgur.com/a/Z52N635) + +[Screenshot - Tesla valuation estimate](https://imgur.com/a/NNM1caX) + +Edit 2: The website is live! You can check it out here [https://www.minuteup.co](https://www.minuteup.co) +I would love to hear your feedback! :) +I've got a HM Aeron chair, a Dyson air purifier, a set of Philips Hue lights, and a couple memberships at local boutique boxing and yoga gyms. These investments have done wonders for my mental and physical health. + +What fat products and memberships have you found worthwhile? +As I feel bitter about my workplace not offering WFH options, I question why our travel expenses aren't tax deductible. More than ever I feel the cost of fuel, parking, registration, maintenance and vehicle wear & tear. + +Why is this strictly considered a "private expense"? We have means of splitting our washing expenses per load, our electricity per hour, along with deductions on other purchases used (if only in part) for work. + +Can anyone explain what I'm missing here? +During this strange time, I am in a unique situation. I am at 100% salary, and do not need to report for work. My wife is at 100% salary, and has extremely limited remote responsibilities, to the point where she is essentially working <10 hrs a week. + +I sleep in and wake up on my own every day. I watch some news/tv, take my dog to the park, work on a household chore or project, make dinner, watch some tv, go to bed. Rinse repeat. + +I’m an avid cooker, getting into baking, going on runs in addition to my hour plus park outings with my dog, taking care or overdue house projects. + +This is the life I want. This is what retiring early will be for me. I feel very happy and content, and the only thing I can imagine missing is traveling which who knows how that will turn out after this is all over. + +I’m 17 years away for a chubbyFIRE. + +Anyone else getting a taste of the good life? +It’s no secret that a significant portion of this sub are small time investors, and while not inspirational, it’s also no secret that it takes money to make money. I mean what I’m about to say as genuine advice, not to make fun of anyone, but a lot of people here really need to take a step back and look at the bigger picture. + +Every day we have people stressing and speculating over the day-to-day movements of their crypto, panicking over bear markets, asking “where should I invest this spare $50?!” in the daily. When in reality, they could see their portfolio do a 2x by working a few solid minimum wage shifts and dumping the paycheck into crypto. + +A nice 20% pump on the $100 you invested in your favourite alt-coin which you spent hours researching, still only leaves you with $20 profit. You could probably ask your mom for $20 and she’d give it to you. It might be a harsh truth, but crypto isn’t a life-changing opportunity until you’re working with a decent stack of money, until then, conventional money-making methods are faster and more lucrative (without the potential downside of investing!) + +It’s not what you want to hear, but a couple hundred dollars in the market isn’t going to make you financially free unless you’re the crypto-embracing, second coming of Warren Buffett. Grinding out a real life job and dumping that money into crypto? That might just do the trick though. + + +**Important disclaimer/reminder:** I mean ZERO hate to small time investors whatsoever with this post. You guys are learning essential lessons and gaining investing experience without the risk and potential downside of others with more skin in the game, and most importantly, small amounts of money can mean a hell of a lot more to some people than others. I’m simply saying look at the bigger picture, and make the most of your time. Crypto becomes more rewarding the more you can safely invest into it, typical jobs might not have the potential of crypto, but they will build you a base and give you a start way faster and safer. +Fatties only please: Even thought you’ve still built a Fat NW, what good-sized mistakes have you made along the way AND how much higher do you think your NW would be if that mistake(s) hadn’t happened? + +Goal: Hopefully these comments help Fat-strivers realize that mistakes can be made but fatFIRE is still very doable. + +Edit: Maybe a few less "should've bought bitcoin" and "shouldn't have sold bitcoin" please. Neither of those are teachable moments for aspiring others (and you selling bitcoin at multiples of your purchase price was probably a wise decision anyway, as it would've been with most stocks). +My wife is a director at a very well-known fastfood chain. The franchise owner owns two stores that are about 15min away from each other. They split her time between the two stores. According to them, each store is on their own payroll, and thus if she doesn't work over 40hours at one store, she never gets overtime, despite the fact she consistently works over 40hrs cumulatively between the stores. Is this legal? Florida if that matters. + +*Edit - she is hourly, and whenever she works over 40hrs at one store she receives overtime. We checked her paystubs and both stores are under the same LLC. + + +To say that things have been grim out here in cryptoland has been an understatement. It has been hard to watch line go down and while every Buffett quote is in full effect, those of us who have bought the dip have felt pretty rekt along the way. + +So while there’s a bit of a bounce now, it’s understandably hard to get excited. We’re staring down the barrel of a period of consolidation and it’s frightening to think where this can all go after so much money was wiped off the market. + +But if you think this is the first time a coin has been declared dead, you’re absolutely out of your mind. If you thought a correction was never coming, you’ve lost all touch. And if you don’t expect crypto to come roaring back, especially with EIP-1559 still on the way, you probably just need to be committed. + +Because you’re not thinking clearly at that point. How many more times will you need to see this story play out to see the forest through the trees? + +$SAT offers a unique opportunity to get in with a token at a $5M market cap but with over 50,000 holders. I promise you, these opportunities do not exist elsewhere, and will not exist in a bull market. + +[Website](https://saturna.co/) + +[PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44) + +[Telegram](https://t.me/saturna_TG) +The latest COVID-19 Relief Bill allows the first $10,200 of UI to be nontaxable. + +For those who have filed already, you might have to amend your return to account for the non taxable unemployment benefits. +Hi guys. I always read that "the first $100.000 is a bitch" but you have to do it. After that, with the right mindset, it will take off". Either it's true or not, at what point in your portfolio you felt that your portfolio started to "fly"? Thanks +Hey guys. + +BNB rewards system are taking BSC over the last few days, these guys are taking it to the next level. First, they launched sucessfully a 1000 BNB Pre sale on their own app and everything was smooth and safe. They have also KYC and audit before it was even launched. The BNB rewards you get from the reflection of transaction is crazy, it encourage everyone to hold and they have a feature that allows you to re invest your rewards, this way your bag gets bigger and you get even more rewards day after day. + +This is just the beginning. Hop in before this takes off. + +Also want to point out that the dev behind this surely know what he's doing, the contract is made up from scratch and they deliver exactly as promised, no sketchy stuff or delay of some kind. + +&#x200B; + +Some important points: + +&#x200B; + +⭐️KYC accredited team + +⭐️Contract Audited by 'Solid Proof' + +⭐️1 trillion total supply, , 4% marketing wallet, After presale, the LP tokens will be locked for 1 year, 2% will be reserved for airdrops and giveaway, 1% will be reserved for the team. + +⭐️Claim Both BNB and XLD! (Can Set your % claim of both tokens so 100% BNB, 100% XLD and Any combination in-between) + +⭐️Gradual buybacks & burns (from the BNB reserve tank). + +⭐️Anti-Dump mechanism (0.1% of total supply sold in any transaction). + +⭐️12 % BNB buying tax/ 15% BNB rewards sales tax (17% BNB sales tax for the first 30 days of launch) + +⭐️4 % tax towards liquidity + +⭐️Custom dApps from experienced developers + +⭐️External BNB reward pool income sources such as merchandise store (all profits into the BNB pool) + +⭐️Back-up reserve pool to allow for consistent rewards. + +⭐️LP Locked for 12 months + +⭐️Experienced DEV team who are adding more features being added regularly! We are building an ecosystem for BNB rewards! + +⭐️ Intensive marketing plans after presale (YouTube promotions, merch, TikTok and of course...memes!). + +&#x200B; + +Key Links: + +[🌐 Website](https://stellardiamond.net/) + +[📝 Whitepaper](https://docs.stellardiamond.net/) + +[📱 Twitter](https://twitter.com/XLDStellar) + +[🖥 Discord](https://discord.gg/2VFc6EKrt2) + +[🔗KYC](https://twitter.com/SolidProof_io/status/1403707952779907077) + +[📁Audit](https://github.com/solidproof/smart-contract-audits/blob/main/SmartContract_Audit_Solidproof_StellarFinance.pdf) +As someone who does finance for a living, and understands how incredibly critical and proactive equity investors can be, these crypto fanboy posts seem like peak silliness, immaturity and idiocy. They also make cryptos seem like Ponzi-esque houses of cards that really depend on people not selling to support their prices. + +Whatever happened to market based valuations, objectivity and sober, rational and unsentimental analysis? I hate these “community” posts with the fire of a thousand suns. + +That is all. Have a nice day lol +$3,678.74 in Dividend's on an investment base of just over $130,000. + +Not a bad 2 or so month return + +Total return in 2021 is around $4,700 once net capital gains are added +I've seen a lot of posts talking about how much people spend on medical insurance / expenses, but not so much on physical everyday health. I was watching a video about LeBron and how he spends $1.5MM on his health a year ([https://www.youtube.com/watch?v=ZKmaNoGQ\_Ak](https://www.youtube.com/watch?v=ZKmaNoGQ_Ak)), and wanted to know what the fatFIRE community does for this, and how much they spend. I'm curious about the holistic approach of this community towards this topic (food / meal prep, fitness, personal trainers, etc). + +Personally, I started making $200k+/year a few years ago and want to start spending more on staying healthy. I've been fit my entire life (gym, playing sports, eating pretty clean) and want to make sure I stay like this as a I get older. I'm not sure how much I should allocate towards this a year, and wanted to see what this sub recommends / does. +EverEarn (EARN) is a true hyper-deflationary token that provides investors with the best opportunity to earn the highest ratio of BUSD reflections. 15% of 100 billion total supply burned at launch, minimum of 5 million burned a day (every day) AND liquidity, staking, exchange and dead wallets excluded from receiving rewards. + +&#x200B; + +15% buy/sell/transfer tax that works as 11% BUSD rewards and 2% to liquidity + buyback and burn, and 2% to marketing. Team wallets blacklisted within the contract to guarantee tokens cannot be sold or transferred. + +&#x200B; + +Though still in the project phase, EverEarn (EARN) is being managed like a business. Neither time nor money will be wasted on internal development if better, cheaper and faster already exists externally, and can be provided to our investors faster and better. We focus on return-on-investment, not punishing sellers, and delivering on what we say, for the benefit of investors. + +&#x200B; + +In the first week of launch, EverEarn (EARN) has already PAID OUT OVER $500,000.00 in BUSD rewards. + +&#x200B; + +Already forming a hype, active and solidly engaged community with over 4,500 TG members. External AMAs continue to receive reviews of 'this was among the best AMAs we've ever seen'. + +&#x200B; + +EverEarn has an aggressive development roadmap, to ensure all the 'basic services' are accessible by investors early on. Staking, Liquidity Pooling, NFT Minting and Wallet Tracker GUI will all be delivered within the first 4-6 weeks from launch. + +&#x200B; + +11% BUSD Rewards + +1% Liquidity + +1% BuyBack and Burn + +2% Marketing + +&#x200B; + +Telegram: [https://t.me/EverEarnOfficial](https://t.me/EverEarnOfficial) + +Website: [www.everearn.net](https://www.everearn.net) + +Dashboard: [https://dashboard.everearn.net/](https://dashboard.everearn.net/) + +Twitter: [https://twitter.com/theEverEarn](https://twitter.com/theEverEarn) +A few weeks ago [I posted about quitting my job](https://www.reddit.com/r/AusFinance/comments/mbyymh/i_quit_my_cushy_office_job/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf). I thought some people here might enjoy an update. + +I quit for my own mental health reasons and was only able to scrape together 3 months worth of emergency savings before quitting. Some people thought this was a risky move and that was a fair call. + +I’ve only been out of work for 2 weeks, I had been working on a [business plan](https://bughuntersam.com/bughuntersam-weekly-update/) and will work towards online workshops because I enjoy teaching and have some decent tech skills. + +Next week I’m starting a 6 month contract on a awesome day rate, I’ve had to incorporate to accept the contract so bughuntersam is now a fully legit business. Let's just say it's a little more than my last contracted day rate of $650 per day. I've worked in tech for 10 years and specialise in software testing. I help teams find bugs in their software, hence the bug hunter branding. + +As I thought I’d be out of work for some time, [I reduced my living expenses](https://bughuntersam.com/i-quit-my-job-budget/) down to their bare minimum. + +I’ve moved this week too. My old rent was $460 per week for a 2 bedder in North Sydney, my new place is $380 per week for a 2 bedder in inner west Sydney. I’m splitting it 50/50 with my housemate (so I’ll be paying $190 per week which is awesome for Sydney), it’s within 6km of the city, close to a train station, is larger and lighter than my old apartment and just generally better. I used [this spreadsheet](https://docs.google.com/spreadsheets/d/11pNsa_RF4wxlXykbuNYSvG-xEOj8sk_lv1lVT8KJqDg/edit?usp=sharing) to manage inspections and to help find a place this cheap. + +I had [this photo shoot](https://photos.app.goo.gl/Kf9janGsBjVzbPn97) done of my old place because I was proud of how I furnished it all with second hand furniture. It cost me less than 4K to furnish that place buying almost everything needed for an apartment. + +But now that I’ve reduced my expenses and I’m starting work again, I could now pay off the rest of my personal loan in less than 3 months. I have 14k left to pay off. That debt was [35k at its peak](https://bughuntersam.com/my-credit-card-addiction/). + +Once the loan is paid off. I’ll be building that emergency savings up to 6 months. If I’m still contracting by then I’ll maximise first home savers via super (I currently have an extra 12k in there for it, so contributing up to another 18k to take me up to 30k). + +I know this is purely self promotional, but I felt like celebrating with you all. I hope some people here find this useful. + +EDIT: reworded the rental breakdown to make it easier to read +From the Department of Real Trump Token + +&#x200B; + +🦅 Going to be listed on BitMart exchange ([bitmart.com](https://bitmart.com/)) next week + +🦅 Secured partnership with one of the biggest conservative influencer's platform Influencing America (part of [todayisamerica.com](https://todayisamerica.com/)) + +🦅 Listed on coingecko; [https://www.coingecko.com/en/coins/real-trump-token](https://www.coingecko.com/en/coins/real-trump-token) + +🦅 Will be listed on CoinMarketCap at any moment (pending) + +🦅 Whitepaper Released + +🦅 Trumponomics Released + +🦅 Devs doxxed + +🦅 2,6k telegram members and growing fast + +&#x200B; + +Currently low market cap of just 5.6m. + +&#x200B; + +Our Community + +🌐 Website: [https://realtrumptoken.com](https://realtrumptoken.com/) + +🗣 Telegram: [https://t.me/joinchat/7JiSdCj\_GvtjYmMx](https://t.me/joinchat/7JiSdCj_GvtjYmMx) + +&#x200B; + +Token Information + +💎Token: $RTT - Real Trump Token + +💵 Tagline: Make Alts Great Again! Generate BIGLY Returns while helping to re-elect President Donald J. Trump in 2024! + +🔒 LP Locked 🔒 + +🔒 Contract Locked/Renounced + +🗃 Audit done with almost perfect score + +👥 Publicly Doxxed: Public doxing of Devs so you know the team that’s working for you. + +&#x200B; + +Tokenomics + +♻️ 10,000,000,000 supply + +🔥 Over 1,000,000,000 in planned burns + +🗃 Redistribution Total - 10% + +\- 2% Holder Redists + Airdrops 💸 + +\- 3% Locked Liquidity Pool 🏦 + +\- 1% Locked for re-election efforts 🗳 + +\- 4% Utility/Marketing wallet 🛠 + +&#x200B; + +📜 Contract: 0x158648792927ebb7a5c0d598bab4d23417465e0b + +🥞 PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x158648792927eBb7a5c0D598BaB4D23417465E0B](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x158648792927eBb7a5c0D598BaB4D23417465E0B) + +&#x200B; + +🏅Help be apart of a bigger cause by re-elect President Donald J. Trump or FOMO while we do it!🏅 +Hey, a friend called me with a very weird money proposal he received a couple of months ago and unfortunately without thinking to much about it he agreed... + + +So a guy came up to him saying he would receive in is account X amount of money and would get to keep a percentage. The remaining amount he needs to buy Bitcoin and send it to a wallet address he has been given.The money he receives from what I saw is from from different countries and entities. +Now, I know 100% this is a scam but not sure if he is fully convinced. I'm thinking either credit card fraud or money laundering but as I'm not sure hoping anyone can help clarifying the situation. + +Also, if anyone knows and could point out the consequences of him proceeding with this thing would be appreciated so I can hopefully show this to him and make him realize this is something he does not want to be around with to make some quick money. +I think most of us already know it’s best to prevent it from the beginning by increasing savings to net out any raises or one-time bonuses/windfalls but what if that ship’s already sailed and you find yourself in your early to mid-thirties reflecting on trying to get back to a simpler (and cheaper) life? I’ll admit, COVID with its risks and limitations over the last few years made a strong case for me to loosen the purse strings regarding upgrades to my home work space, home gym equipment, and appliances to name a few. + +Anyone have any tricks or advice to help someone “reset?” Thanks! +Listed on CMC and CG only after 7 days. + +&#x200B; + +!!!NOT A REBASE!!! 💯 + +POLYX Token (PXT) sets out to become the most extensive yield farming token in Decentralized Finance (DeFi) on Binance Smart Chain (BSC). PXT has a unique taxation system that rewards holders in $MATIC. + +The unique thing about POLYX is that it dedicates a large percentage (7%) from each transaction to rewarding its holders. Holders of PXT will earn $MATIC for just holding. You will be earning while you sleep + +Each PXT transaction also features a 15% tax with 4% each dedicated to supporting the Liquidity Pool and marketing the project. 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POLYX is designed not only to become the biggest Polygon (MATIC) rewards token on BSC, It will also be the governance token on POLYXSWAP, a DEX platform with exchange/swap capabilities amidst other functionalities. + +&#x200B; + +🟣 The DEV is fully DOXXED and the team is very hardworking. + +&#x200B; + +🟣 If you reading this, You are still very early! + +&#x200B; + +TOKENOMICS + +&#x200B; + +✅ 7% rewards in Polygon $MATIC for every HODLER + +&#x200B; + +✅ 4% LP + +&#x200B; + +✅ 4% Marketing + +&#x200B; + +✅ PolyXSwap platform with Pools, Farms and lottery integration in development. + +&#x200B; + +Website: [https://polyxtoken.com](https://polyxtoken.com) + +Twitter: [https://twitter.com/polyxtoken](https://twitter.com/polyxtoken) + +Telegram: [https://t.me/polyxtoken](https://t.me/polyxtoken) +✨**This is completely new in Defi** ✨ + +&#x200B; + +Get the best of 2 worlds🌏 + +&#x200B; + +A DeFi Aggregator Investment System with integrated Affiliate Marketing System + +&#x200B; + +💰Earn BNB profits + GYMNET rewards from the vault and generate true passive income via profit sharing from the affiliate system + +&#x200B; + +🚀The Pre-Launch is currently entering its hot phase with the Pre-Sale right around the corner. + +&#x200B; + +GYM NETWORK is a WIN-WIN for everyone‼️ + +&#x200B; + +📣Join the GYMNET community now and participate in our contest prize giveaways: + +[https://t.me/gymnetwork\_english](https://t.me/gymnetwork_english) + +&#x200B; + +©️Website: + +[https://gymnetwork.io](https://gymnetwork.io) + +&#x200B; + +🏋️‍♂️GYM NETWORK - A DeFi Aggregator Investment System + +&#x200B; + +Key Facts: + +🔥DeFi + Affiliate Marketing + +🔥Various Passive Income Opportunities + +🔥Starting From 0.05 BNB + +🔥Deposit 100% Available Any Time + +🔥Earn Profits + Receive GYMNET Rewards + +🔥10x Easily Possible For Early Investors + +🔥16 Level Compensation Plan + +🔥Up To 45% Commission from the profits and minting rewards + +🔥Global Pool Share + +🔥Strong & Experienced Team + +🔥Audited by Certik + + [l](https://i.imgur.com/5kShOdf.jpg) +March 1st: [Greensill Faces Insolvency After Credit Suisse Freezes 10 Billion In Funds](https://www.wsj.com/amp/articles/credit-suisse-suspends-funds-tied-to-softbank-backed-greensill-11614599752) + +&#x200B; + +March 7th: [ECB Asks For Banks Exposure To Greensill](https://www.bloomberg.com/news/articles/2021-03-07/ecb-asks-banks-for-details-on-greensill-exposure-ft-says) + +&#x200B; + +March 21st: [CEO Of Credit Suisse Signals Potential For Massive Spinoff To Isolate Toxic Assets](https://www.bloomberg.com/news/articles/2021-03-21/credit-suisse-ceo-signals-potential-spinoff-of-asset-management) +Micron Technology(NASDAQ:MU) is the 4th largest distributor of semiconductors in the world leading in production of DRAM and NAND. Analysts predict a one year stock value median of $120 compared to current $82. My own calculation, which skews more conservative, has them at $118.12 with a 30.6 Margin of Safety. + +Looking at valuation, they consistently surprise EPS expectations. Last quarter they beat an expected 1.72 at 1.88 and have an expected EPS of 2.32 for Q3. Their PE of 22.63 is below the industry's 31.97x, has P/B of 2.17 compared to industry's 14.2x, P/S is 3.62 compared to Industry's 12.18, PEG Ratio is .36 compared to industry's .12. Altogether, a great start. + +Fundamentally, looking at their financials they did take a big hit in 2019 because of the semiconductor supply shortage. Look up price of GPU from 2019 to today and you'll quickly see what I mean. This impacted their sales and earnings. In 2018 their high was 31B Revenue and 14B in earnings. With COVID and that stock shortage already there, 2020 earnings had tumbled to 21.43 B and a meager 2.69B. If you go to quarterlies though, they're currently smashing it. They're last quarterly was simply phenomenal. Revenue of 7.42 B, and earnings of 1.74B. Year to Year and Year to quarterly is just fantastic from where they were. Next year they're predicting an EBIDA growth of 20%. Very ambitious estimate and while definitely not sustainable for 5 year period, a one year 20% EBIDA prediction is still very good. + +Many things in their favor is they're buying back shares. They're starting to buy back shares. Its not much, but last quarter saw the first decrease in ordinary share number and increase in treasury shares. This is course change from previous quarters of a slight dilution they've had. Its not as intense as Intel's buyback, but it shows management's belief that they're undervalued. They also just announced a dividend. Its small, 10 cents a share, but you don't do that unless you're confident. It also gets on the radar of intuitions that require a dividend. They're domestic so there is no concentration on foreign crackdowns. In fact, in 2019 Huawei was 14% of their business and the USA restriction already had that hit. + +Some hits against them are that there are other competitors. Multiple companies have the cash to to invest in hyper expansion like Intel and Ti. Since the start of the shortage, MU has had decreased earnings and revenue seeing shrinkage of about 28% from their 2018 high. Until recently, they weren't that cash flow positive and have been taking on more debt to power expansion. This may effect DCF calculations. Its more held by institutions than insiders so while the board has an obligation to share holders, it won't keep them up at night. I + +Some insight to the semiconductors as a whole. US Gov passed a bill a couple months back approving funding for domestic semicondutor chip development of 50B. So they're not prone to the infrastructure bill may or may not passing, they already have increased federal funding. Also, DRAM and NAND are respectively dynamic memory and logic gates necessary for computers to function. DRAM is expected to increase 16% in sales and NAND is expected to go up 30%. DRAM makes up a larger portion of sales for MU to NAND. However, none of these things are going away. These are core components of any development and are only looking to increase in demand. + +Another competitor you might want to look at is Western Digital (WDC). They have similar fundamentals and potential for growth. However, Micron has better ratios at the moment so that's why I chose to focus on it. Either one I think is a greatly undervalued stock with MU just being better. + +&#x200B; + +EDIT: Some bear additions commenters brought up. Semiconductors are cyclical growth. While Q2 was great in sales, seeing a 23% price boost in DRAM, its likly the price will drop to a more moderate 10-13% growth. I've only found one article on trend force about this, but want people to know. NAND market is looking to actually increase by about 4-5% according to trendforce again. When doing your own comparison be aware the difference between AMD and INTEL like companies are that AMD contracts the chip manufactory to the INTELs like MU. So when doing own analysis, notice that MU should be compared to other chip manufacturers. rather than chip contractors. + +Please stop soliciting me for your services. I'm not going to give you money. I posted to help others not to become a customer of your services +March 1st: [Greensill Faces Insolvency After Credit Suisse Freezes 10 Billion In Funds](https://www.wsj.com/amp/articles/credit-suisse-suspends-funds-tied-to-softbank-backed-greensill-11614599752) + +&#x200B; + +March 7th: [ECB Asks For Banks Exposure To Greensill](https://www.bloomberg.com/news/articles/2021-03-07/ecb-asks-banks-for-details-on-greensill-exposure-ft-says) + +&#x200B; + +March 21st: [CEO Of Credit Suisse Signals Potential For Massive Spinoff To Isolate Toxic Assets](https://www.bloomberg.com/news/articles/2021-03-21/credit-suisse-ceo-signals-potential-spinoff-of-asset-management) +The hard reality of retail mortgage rates going from ~2,0% to 6%+ isn't being properly appreciated. + +This tripling (!!) of retail mortgage interest rates results in nearly **doubling** of monthly repayments. + +Imagine that - doubling of your largest expense. That's huge. + +The repayment on a $1M mortgage was ~$3700 a month when rates were low, now repayments are around $6000+ + +To give some perspective, say rates were 10% - if they boosted up to 15% you'd only be looking at about a 60% increase. + +_______ + +It feels like people think "because the interest rate is still low, everything's fine", but when you look at the actual impact on borrowers and serviceability, the impact of even modest rate rises in a low rate environment is HUGE. Much greater than in a high interest rate environment. + + +______________________ + +Point is: In past times, raising rates by a few percentage points was hard, and an inconvenience to most people. Now, with the recent low interest rate environment, it could be catastrophic, and would be **heavily** affecting families with mortgages. +After months of cryptic twitter posts and near silence, it would be great to hear Ryan Cohen's thoughts on how he plans to move the company forward as chairman. + +This would also enable the 300 million shareholders to all attend the meeting without having to be physically present! We know Berkshire streamed theirs and to be honest, those are ROOKIE NUMBERS. + +Ryan, we know you lurk here. Give us all the opportunity to attend a meeting we wish we were at! +A lot of people wanted me to endorse this sub. Here I am. The GME sub is compromised and I unsubbed from it. + +Let's get this thing started! + +Edit: rensole just posted his Statement here https://www.reddit.com/r/GME/comments/mkgolv/synopsis_for_0405 + +Edit2: That suspicous mod (yournameiscool) just deleted rensole's post for calling him out on acting suspicous and banhappy. What a shitshow. +No joke, we went from spending almost $300 at Walmart or Kroger every week for 2 adults and a toddler to $160 at Aldi. The produce is so much greener too, meat is always fresh. Seriously, cannot be overstated enough how amazing this place is by literally saving me like $7000+ a year. +I would like the data posted so we can look it over and identify what is actually going on. If you knew anything about this sub before you joined it and posted, you would realize this sub is full of extremely smart people with all different backgrounds including programmers, finance experts, lawyers, data scientists, etc. + + +The only way you can “help” is by providing all of the data that “retail” is too dumb to understand. Unless you are hiding something, this request should be fulfilled TODAY. + +IF NOT, please remove yourself from this sub. Ps, prove you reached out to the other sub reddits and also provide which mods approved your joining or reached out to invite. + +Edit: to ensure they see this as no response is typical. u/ORTEX_official + +Edit 2: they have been tagged on The bird app as well. + +Edit 3: the post has been up for over 5 hrs without a response BUT u/ORTEX_official has responded to the AMA request. Mods should remove and ban u/ORTEX_official from the sub at end of business today market time. 4p EST. + +Edit 4 : to the mod that approved them “What say you?!” I was messaged that I hastily moved to hold a mod accountable by a ban. I will remove that request currently but highly recommend some transparency. Wut doing mod?! Maybe they should be put on mod probation or something? + +Provide the data and where it is being sourced from, please. This is not hard. + +Edit 5: WTF response is that? We are looking into it and it didnt just affect GME?! Mods, it is time to ban? They even said they are being bullied?! + +Edit 6: added please + +Last edit: Mods, please ban them as at a minimum this can be considered forum sliding. They are not even a person as they are an entity. They can post on the bird app as they always do. I personally see 0 value with them here. They bring lies, gaslighting, disruption. (Msgd mod mail) +Where I live (Boise, Idaho) food trucks are becoming more popular. Their food is *expensive.* Plates are around 25% more expensive than comparable plates in restaurants. **Why is that?** My gut says they have less overhead costs, and are providing less service to the customer (tables, service), so they should be *cheaper*. +FINRA has just put out [another notice](https://www.finra.org/rules-guidance/notices/21-23) on Payment for Order Flow and Best Execution. They are reminding broker-dealers of their best execution obligations. There are a couple of interesting things in this notice, although I'm not optimistic this will lead to anything material. + +For one, they italicize *best* execution here, which is interesting: + +https://preview.redd.it/buj7ishg21a71.png?width=827&format=png&auto=webp&s=93b59367e9eb608eca7206f42a0c883f97f0366e + +I've often criticized (including to FINRA and SEC personnel) the fact that most brokers are only identifying good-enough prices and good-enough execution, not best execution. It looks like FINRA is echoing that here. + +The most important passage is this one, in my mind: + +https://preview.redd.it/5vifzigm21a71.png?width=834&format=png&auto=webp&s=287d21a3796169c4a6c51b3ca49d38e2bc188107 + +Let me explain something quickly. When Citadel or Virtu gets an order from a retail broker, they have a profit margin on that order. Let's say the spread is $0.02 wide, and they think they can make $0.015 per share, on average. Of that $0.015, they want $0.01 per share as profit to keep, and are willing to pay back $0.005 per share to the broker. (all of these numbers are made up, for illustrative purposes) + +Citadel and Virtu don't care if they are sending that $0.005 per share to the broker as price improvement (where the retail investor receives it) or payment for order flow (where the broker receives it). + +FINRA is saying that brokers CANNOT negotiate higher payment for order flow instead of price improvement. This is actually a big deal, because it's the foundation of Robinhood's business model. If they have to provide the same price improvement as, say, Fidelity, who doesn't accept PFOF, then they'll go out of business. The fundamental paradox between a firm that accepts PFOF and one that doesn't is that the firm that doesn't gives its customers better execution prices, and therefore better execution. So a firm that accepts PFOF, by definition, cannot be providing *best* execution. It's mathematically impossible. + +This could be an important step. Or it could be a regulatory nothingburger. But if it's a nothingburger, it could provide some fuel for class action lawsuits down the road, so ultimately this is a positive development. +I'm 17 with about $15k in my webull account. i formerly used r/wallstreetbets and just made a shit load from $GRVI. When i was trying to find safer things to invest in i looked a dividend stocks. I've bought some already but i'm debating if i should expand now or wait. I turn 18 early next year and i'm going to have to transfer my assets because i'll have to make an account under my name. +I’m still in my first month at my new job but during the interview we had been discussing my need for some paternity leave as we are expecting our third and haven’t had more than a couple of weeks prior. + +We discussed a new policy that was just being finalised- 6 months off paid, full wage, no strings- they just want to make you maintain the work/ life balance and having a kid is kinda a big deal. +Amazing that some of these companies are starting to come to the party- maternity, paternity, adopting as well as leave in the event of the unthinkable- all covered. + +Edit: thanks for all the responses everyone, sorry it seems to have upset some but cmon, it’s about giving the next generation of Australians the best start in life, if you feel hard done that’s on you. +After many years of saving and investing, I finally hit my "RentFire" number: the number where, if I convert my 401k to cash, taking a 30% penalty, I can pay my current rent + utilities indefinitely ($2400/month) plus food and expenses ($400/month) off a 3.5% annual investment return. Total liquidated assets are 940K (1.1M without taking penalty and including physical assets, car, etc.). Thanks to this sub I've been able to prioritize it, and I have a deep sense of relief, even though I plan to keep working for some time, to hit 4M by age 45. I can't tell you how good it feels to have this as a backup option; I think it'll give me a newfound independence at work as well where I am not beholden to my employer. AMA. +# 🥳 Greenlyght Coin Is Being Called By Every Major Legit Influencer + +&#x200B; + +🌱Greenlyght Coin is GROWING 💨 + +&#x200B; + +DEV FULLY DOXED & KICKING A$$ + +&#x200B; + +Starting MC: 100K + +&#x200B; + +Current MC: 2.4 MC + +&#x200B; + +WHAT IS STAKING: Simply put - when you stake your Greenlyght Coins [,](https://imgur.com/a/igVOVPX) + +you will earn extra Greenlyght Coins. The reason your crypto earns reflections while staked is because the blockchain puts it to work. Many long-term crypto holders look at staking as a way of making their assets work for them by generating reflections, rather than collecting dust in their crypto wallets. Greenlyght Coin set aside 25% (105,000,000 Coins) of the total supply of 420,000,000 for holders who want to earn reflections on their investment. + +&#x200B; + +NEWS: JUST ONBOARDED A NEW BUSINESS TO OUR DELIVERY SOFTWARE APP (OUR #1 UTILITY) + +&#x200B; + +⛽️ ALL GAS ON THE MARKETING - 100 MPH + +&#x200B; + +HUGE MARKETING TODAY AND ALL WEEK 🚀 + +&#x200B; + +⚠️ Are you tired of fake projects, rug pulls and shit/meme coins? + +&#x200B; + +The Story: Greenlyght Coin and its ground-breaking technology will bring much needed real-world utilities to bridge the gap between Crypto & Cannabis. These two industries are the fastest growing industries in the world. Greenlyght Delivery Software “The Company” was founded 5 years ago and has formed into a leader in delivery software for cannabis businesses. 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Make sure to check out our futuristic website to learn all about our utilities and the purpose behind our mission + +&#x200B; + +⭐️ Five Reasons For Smart Investors ⭐️ + +&#x200B; + +1️⃣ Experienced Doxed Dev Team + +&#x200B; + +2️⃣ Delivery Software Utility w/ App + +&#x200B; + +3️⃣ Community NFT Challenges + +&#x200B; + +4️⃣ Staking Available For Holders + +&#x200B; + +5️⃣ Crypto & Cannabis are the two largest growing industries in the entire world + +&#x200B; + +💰💰 Market Potential 💰💰 + +&#x200B; + +❇️ 67% National Growth Cannabis Sales in 2021 + +&#x200B; + +❇️ $197B Expected Growth of Legal Cannabis by 2028 + +&#x200B; + +❇️ 321K Full-Time American Jobs in the U.S Currently (this number doubled since 2018) + +&#x200B; + +❇️ 91% of Americans Believe Cannabis Should be Either Medically or Recreational Legal + +&#x200B; + +Contract Addy: 0x6c93931a8ac1a94b7dde231a19a33d2a5cf3bab4 + +&#x200B; + +🌐 Website: [https://www.greenlyghtcoin.com](https://www.greenlyghtcoin.com/) ([https://www.greenlyghtcoin.com/](https://www.greenlyghtcoin.com/)) + +&#x200B; + +💬 Telegram: [https://t.me/GreenlyghtCoinOfficial](https://t.me/GreenlyghtCoinOfficial) +To whom it ape concern, + +&#x200B; + +I am writing you today to inform you that XRT is being shorted to shit. Since your portfolio is 100% GME, I thought that this would interest you since it could have an impact on your financial future. I left your bananas in the fridge last night if you want a midnight snack. + +&#x200B; + +I came upon the topic of XRT again after reading the legendary posts by /u/leavemeanon, who comes off as an amateur but has also deleted her or his reddit profile. There has been speculation that /u/leavemeanon knows too much to simply be an amateur. In my opinion, /u/leavemeanon could simply be an amateur who did a lot of good ETF research. By the way, there has also been speculation that Lucy Komisar or Susanne Trimbath were actively posting somewhere around the GME subreddits without much fanfare: this would be the equivalent of a Nobel Prize-winning scientist dropping a scientific paper for the cure for all cancers on a random reddit comment in the science subreddit and getting four upvotes. Works cited and relevant links will be at the bottom of this post or embedded within this post itself. + +&#x200B; + +I have a long memory, and I have hundreds of posts or DD saved on my reddit account to go back to read; I will likely go back and read the [GME DD hall of fame](https://fliphtml5.com/bookcase/kosyg) too. + +&#x200B; + +I was looking at short interest of XRT only a few days ago, and the short interest was about 177.86% (I did not back this up on internet archive, and I don't have a screenshot). I refreshed [the page](https://www.etfchannel.com/symbol/xrt/) today on 10/7/21, and the short interest shot up to 284.34%. It looks like there was a frenzy of interest around XRT in February of 2021 based on the number of times [one website was saved on Internet Archive](https://web.archive.org/web/20210601000000*/http://www.etfchannel.com/symbol/xrt/). Interest died down as the months passed. See that snapshot on 10/7/21 though? Yeah, that was me! I saved the page again today. + +&#x200B; + +I know with 100% certainty that the short interest reported on GME is false: all of atobitt's research proves that these hedge funds can misreport their financial activity with little to no punishment. The question r/Superstonk is trying to answer is *by how much* are they misreporting the short interest. Is it misreported by 1%-5% due to a few innocent rounding errors? Is it misreported by [10,000%?](https://www.reddit.com/r/Superstonk/comments/pulq81/three_independent_analyses_that_arrive_at/) + +&#x200B; + +SPDR S&P Retail ETF (Ticker: XRT): Gamestop (GME) weighted at 0.94%, short interest now = 279% - 284.34%, shares short = 21.6 M, shares outstanding = 7.75 M, approximately 49,704 total shares of GME. THIS AMOUNT OF SHORT INTEREST OF XRT RIGHT NOW SURPASSES THE LEVELS FOUND AROUND THE JANUARY SNEEZE. + +&#x200B; + +Are hedge funds using ETFs to short GME? Am I a [hyper-rational](https://www.reddit.com/r/Superstonk/comments/onepel/how_i_explained_the_gamestop_saga_to_family_and/) being or a conspiracy theorist? The world may never know. + +&#x200B; + +**Information about XRT short interest or float:** + +[https://www.etfchannel.com/symbol/xrt/](https://www.etfchannel.com/symbol/xrt/) + +[https://fintel.io/ss/us/xrt](https://fintel.io/ss/us/xrt) + +[https://www.marketwatch.com/investing/fund/xrt](https://www.marketwatch.com/investing/fund/xrt) + +&#x200B; + +**All SPDR S&P Retail ETF (Ticker: XRT) 108 holdings:** + +[https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt) + +[https://www.zacks.com/funds/etf/XRT/holding](https://www.zacks.com/funds/etf/XRT/holding) + +[https://stockanalysis.com/etf/xrt/holdings/](https://stockanalysis.com/etf/xrt/holdings/) + +&#x200B; + +/u/leavemeanon **legendary posts:** + +[WHERE ARE THE SHARES (Part 1) Resurrected](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/) + +[WHERE ARE THE SHARES (Part 2) Resurrected](https://www.reddit.com/r/Superstonk/comments/nt8qzj/rip_uleavemeanon_where_are_the_shares_part_2/) + +[WHERE ARE THE SHARES (Part 3) Resurrected](https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip_uleavemeanon_where_are_the_shares_part_3/) + +&#x200B; + +**Capture of the deleted** /u/leavemeanon **posts:** + +[https://camas.github.io/reddit-search/#{%22author%22:%22leavemeanon%22,%22searchFor%22:1,%22resultSize%22:100}](https://camas.github.io/reddit-search/#{%22author%22:%22leavemeanon%22,%22searchFor%22:1,%22resultSize%22:100}) + +&#x200B; + +Sincerely, + +/u/twincompassesaretwo + +&#x200B; + +P.S. + +&#x200B; + +I believe that more GME shares direct-registered to Computershare is a good way to cause a short squeeze. + +&#x200B; + +P.P.S. + +&#x200B; + +I haven't even finished reading /u/leavemeanon DD yet. I am really busy in my real life. You can believe I am reading all this DD you apes (wrinkled- or smooth-brained) wrote though. + +&#x200B; + +P.P.P.S. + +&#x200B; + +Criand is not Ryan Cohen, you silly monkeys. The wisdom I have gained in my life has taught me this: some ordinary people can surprise you with their extraordinary intelligence and creativity—they are simply not celebrities. At the same time, some celebrities can surprise you with how ordinary they are in real life—it's just that being a celebrity is a requirement of their job. + +&#x200B; + +^(The content of this post is published in the United States of America and persons who access it agree to do so in accordance with applicable U.S. law.) + +^(All opinions expressed by the me are solely my opinion and do not reflect the opinions of anyone else.) + +^(You should not treat any opinion expressed on this message as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion. Such opinions are based upon information I consider reliable, but I do not warrant its completeness or accuracy, and it should not be relied upon as such.) + +^(I am not under any obligation to update or correct any information available on this website. I am an active shareholder of Gamestop stock.) + +^(Also, the opinions expressed by me may be short term in nature and are subject to change without notice.) + +^(I do not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed from my reddit account. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you.) + +^(You must make an independent decision regarding investments or strategies mentioned on this website. Before acting on information on this website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.) + +^(None of this is insider trading and is all publicly available information.) + +[^(https://www.investopedia.com/terms/i/insidertrading.asp)](https://www.investopedia.com/terms/i/insidertrading.asp) + +[^(https://www.sec.gov/oiea/investor-alerts-bulletins/ia\_rumors.html)](https://www.sec.gov/oiea/investor-alerts-bulletins/ia_rumors.html) +I will be doing just that in a few months. The place I’m renting is in a prime location with a price tag to match. I have no desire to market myself so I’m slammed with clients. This is purely for my happiness because I’m tired of not working. + +We have some plans for at least breaking even but that’s as high as my expectations go. + +Would you do something like this? Or have you? Would you feel bad costing your household money? +Hello fellow Redditors - I was recently reading the Intelligent Investor by Benjamin Graham, and came across this quote: + +“One fairly dependable sign of the approaching end of a bull swing is the fact that new common stocks of small and nondescript companies \[IPOs\] are offered at prices somewhat higher than the current level for many medium-sized companies with a long market history.” + +After skimming over many of the recent IPOs, (some popular ones such as $COIN, $ABNB, $DASH, $OTLY), it becomes quite apparent that not only are offerings becoming more frequent, they also fall under the category of "prices somewhat higher than the current level for many medium-sized companies with a long market history." + +What do you all think about this? It seems to completely describe today’s market conditions. 2020 was a record year for the quantity of IPOs, and 7 months in to 2021, we have seen almost 2x as many as 2020, at very hyper-inflated valuations. All opinions are appreciated. +I’m making this post mostly for myself so I can come back and look back at it in a couple years and also to inspire others in similar situations. + +A little backstory: It was the year 2018 and I was a lost 22 year old that was going to community college because I thought there was no other way to get out of lower/middle class. I was attending full-time community college, while also working 50-60 hours a week as a full-time uber/lyft driver. I was making around $250-$350 / week after car expenses. I was basically wasting my time since I had no time to myself and was working just to pay the bills. One day I was driving, my brother texts me a book that I should listen to while driving. The book was called “Rich dad poor dad”. I listened to it and all the information went in the left ear and out the right ear without registering because I was too stressed from attending college and working full-time. 2 months or so go by and I start watching youtube videos on (FIRE) financial independence, retire early. I liked the idea but 99% of the people I watched had all these high paying jobs and right then that idea seemed impossible. Im stressed out again. + +Around June, 2018 one night something clicked in my head that I can retire at a early age if I leave the united states and move to a low cost of living country. Since my parents were from India and I was raised in India and came to U.S at the age of 9. I would be very comfortable living there without any issues. I knew the cost of living there is so much cheaper than in the united states and I can retire early at age 30 if I really wanted to. I started doing my numbers to see how long and how much money invested it would take for me to achieve these goals. + +As I became more invested in this idea, I decided not to continue my education after community college because I didn’t want to take out student loans that will eventually put me in the rat race where it would be difficult for me to get out of financially. Plus, I was only going to college for money. I started doing more research on careers that pay high income without a college degree and came across on-the-road trucking. At this point, I did not care how hard my life might get because I was set on one goal and that one goal was to retire by age 30 out of united states to a low cost of living country like india. In June 2018, I decided not to continue my education and instead went to go get my CDL Class A license. + +I got my license, got my 2 weeks of training and then drove for a company until August 2019. I saved up every penny after food expenses since I was living out of the truck. In August 2019, I purchased my own truck/trailer and got my own authority to become my own boss on the road. This is the month where my real journey starts. I have been Trucking with my own authority for almost 1 year and lived out of my truck and only went home to see my family couple times a year. I have cut out 99% of my expenses. No car, no debt, no mortgage, no rent and the only thing I have is food expenses and Netflix account and my truck/trailer payment. I finally saved up a good chunk of money that I am ready to buy my first real estate investment property cash. + +So far, my plan is perfectly on track and I should be able be able to retire at the age of 30 without a college degree. + +My numbers: + +Current Age: 24 + +My FIRE number: $1000/month but I am going for fat fat fire and shooting around $4000. Even $2000 is close to impossible to spend in india a month. + +My pay: $260,000 / year gross and around $123,000 net after all expenses. I own my truck and trailer and have my own authority. + +I am planning on buying 1 real estate property cash every other year and rent the property out. I mostly look for 9-14% ROI. I am currently looking at properties and waiting for the right one to come on the market. + +In 2026, I will have 4 properties that I bought foreclosed at around $130,000-$150,000 price range and which will now be worth around $200,000 fully paid off and all rented out bringing in $4000 passive income and at that time, I should be able to leave the country and live my life freely in india and also travel the world because there is no way I’m spending any where near $4000/month in india. I will have property management company that will look after the properties and I will be available on call if I am needed. + + +Sorry, if this was a long post but its mostly for myself to come back and look at it years down the road :) +Just sold my first property + +Made $65k profit + +How can I utilize this capital ($65k) to buy my first rental property? ($120k-$150k) + +What financing options should I look into where I could use the 65k toward the property? Bank? FHA? Private capital? +🔥🥶 CRYOGEN - Real Consumer and Investor friendly use cases! + +🟧🟨CRYOGEN UTILITIES🟧🟨 + +CryoWeb.net - LIVE NOW version of Facebook merged with Ancestry.com. A place to curate your ancestors online & on the blockchain (With NFTs). Future release will include CryoGen as the native payment for additional site features and for businesses to pay for advertising on the platform. + +CrypTok - With so many content creators being banned over crypto content, we want to give them AND their followers a place to speak freely. The App is 60% complete and will be rolled out soon to Android & iOS! Future releases will include tipping creators in Cryogen during their live events. + +CryoSafe - What happens to your crypto when you die? With CryoSafe you designate "heir" wallets and if anything happens to you, your crypto holdings will be transferred to the "heir" wallet using our smart contract. CryoSafe will be a service product that will cost a small fee to Lock & Send. + +❇️ Doxxed/Experienced Team +📈 6% to LP +👑 7% Holder Rewards ($CAKE) +🚀 2% Marketing/Development +❇️ Verified Contract +❇️ Liquidity locked +❇️ Team wallet locked + + +TG: @CryoWebToken +Web: CryoGen.life +So I'm not new to crypto and Blockchain technology. However I have not been paying super close attention to what's been going on. Does anyone have any clue why people are paying hundreds, and even thousands, if not hundreds of thousands of dollars for stupid little pictures (NFTs)? I understand that the pictures are "unique" as non-fungible tokens are well, non-fungible. I spent a few minutes on opensea and I just can't imagine paying $215 for an 8 bit viking with a stripe shirt. Valuable art usually has some type of historical value to it. I understand why Davinci pieces are expensive. Do people really believe that buying these NFTs means they're going to hold them and get rich off them later on? Because to me it looks like the only people getting rich are the ones getting away with selling them first off and leaving the bag with the buyers. +Cleaning house because I'm bored due to obvious reasons. I’ve been seeing lots of questions about people wanting to learn trading. Have received an influx of messages asking how to get started/go full time. + +I’ve been asked what strategy/books/courses/indicators etc. there is that are good. I’ve read over 50+ books (ebooks and hard cover) on day trading: + +[Every book I've read to learn day trading and everything that relates to starting\/running a business. My business's operating agreement\/The business plan](https://preview.redd.it/eii7386ro9r41.jpg?width=1080&amp;format=pjpg&amp;auto=webp&amp;s=c4ed46ae135601e67ced1279f7a66cfcb8281280) + +•**#1:** 90% of books are fluff. Of all of these. Only about 10% of it were great pieces of info. + +(I have a decent amount followers on here. And I might consider posting reviews of every book I’ve read on my personal profile to refrain from spamming this sub) + +I have my recommendations. I'm not saying don't buy them. You'll pick up what you see and it'll formulate a strategy. + +•**#2:** I don’t use indicators. They lag. Ever since I dropped them, my trading became less stressful and way easier to manage. Price does 2 things. Up or down. You don’t need 5 indicators telling you what direction it’s indicating. It’s called Pattern Day Trading. Not Indicator Day Trading. Not News Day Trading. Trade the candles. If indicators work for you. Keep on running them! + +•**#3:** The overall market condition (Bull/Bear/Stagnant) has no effect to a day trader’s equity curve. We trade patterns. We don’t hold overnight. We became day traders because we can take advantage of either direction especially in the immediate. I know my pattern works 47% of the time with 3:1 pay out. (I lose $100 or I profit $300. No more, no less; every single time) + +Of 100 trades. 47 trades I profit. 53 trades I lose. + +I risk $100 per trade. Why do I choose 3:1? I’d win more trades if I was 2:1. Why not 4:1? Because my pattern pays the most with 3:1. I found this by computerized backtesting and manual backtesting. Can you mentally handle being up 2.75:1 then watching it hit back to your StopLoss? ***Trust your edge/statistic. And document your work relentlessly!*** + +•**#4:** You need to write a business plan. + +Not some 2 page Word document of. “I will buy when this indicator says this. This has worked in my backtesting 60% of the time. Here's some screenshots" + +Look up how to write a pitch deck/prospectus/business plan to get a better idea. Learn statistics, that's really the business you're in here. Trading is just the medium. You're managing a statistic. Your job is to find the edge and enter it without hesitation or reservation. + +**Find characteristics of stocks that behave in a similar fashion to make your job easier.** + +**•#5:** This is the most BORING job you will ever have! + +I trade 3 patterns. I have to wait for a lot of prerequisites to be met before I even consider looking at a chart. Out of 7,500 stocks. My strategy has my watch list distilled to 3-5 stocks every morning. And I wait. And watch. Waiting for a pattern. And so many times, 1 out of my 3 patterns is about to form... and the candle printing will pullback too much. Or print with more volume than the previous. Making the trade VOID per my business plan. + +There are days I don’t trade. (1 or 2 times a month this happens). A business plan helped me not care I don’t trade those days, it accounts for that, or if a price kept rising or falling after I sold or covered. Or if my stop loss was hit by 2¢. **3:1 every trade, no questions asked.** **Trust your edge** + +**BONUS**: + +I highly suggest doing this part time for at least a year. Want to go full time? + +Think of the expenses. + +If you trade equities. 25k minimum. (You want minimum 30k due to draw-downs). A lightning fast computer. Lots of RAM. A decent CPU. I have 64GB of RAM and an i9 9900k CPU. No you don't need a bunch of monitors, I wanted a sick office though! + +Don’t forget: + +•Mortgage/rent + +•Car note ( I sold 2 of my pride and joys. I owned both but liquidated them to get into this business ) + +•Groceries + +•Car insurance + +•Health insurance + +•Dental insurance + +•Taxes on the house + +•Wi-Fi (Add cable if you want) + +•Use a scanner? Add that + +•Hobbies. Find cheap ones. I hit up the golf range, shoot trap, and lift weights. You'll be bored when you're done trading at 10AM with 10 hours left in the day. + +Get a part time job or have a side business that has NOTHING to do with trading for your sanity's sake. + +Move in with a friend to split rent if you’re single and young, go back home and live with your parents if you can handle that. The learning curve is brutal and you must be patient. Shrink your liabilities and expenses. You will pay homage to get into this business 1 way or another unless you’re just given a lot of money. + +Trading is easy. It's the mentality required that separates the 95% from the 5% successful. + +Trading has been a wild experience. I've met people at the gym who are well off and I've shared my account statements/business plan with. Resulting in me studying and about to get my Series 65 to become licensed to manage a small portion of their wealth in a garage band long short equities firm ran out of a home office. Oh and that reminds me. Don't buy guru courses that sell some crazy lifestyle on YouTube ads with rented private jet photoshoots, rented Lambos and AirBNB houses they rent for the day. If they were so great at trading. They'd start their own funds! + +**So I definitely got my money’s worth on this post! Due to quarantine shutting everything down I was definitely not bored today to say the least. I didn’t expect the post to blow up but I’m glad many found it informative and enjoyable. Currently lost in the comments so if I miss your comment, send me a chat and I’ll get with you when I can!** +Hi all - + +Looking for some options and advice... + +My wife and I have over the last 10 years made bad decisions and accumulated $101K in credit card debt. About $50K of that has been living expenses while I was in school. We have 3 kids and a house we love. + +No car loans (company vehicles). HELOC with not much available. Never missed a payment on any obligation but the stress is building and taking its toll. She makes $100K, I make $75K. Our minimum monthly credit card bills are $1,800. We've played the balance transfer game and most of the debt is at about 5% currently with $25K at 18%. 1st and 2nd mortgage is $3100. + +&#x200B; + +Options we've considered: + +1. Stop making CC payments and ruin our credit. Hope for settlements at about 30% after 6 months or so. +2. Chapter 7. Don't really want to do this option as in our state we have a cap of $150K homestead exemption and we have about $300K in equity in our house. +3. Refinance the 2nd and roll all the debt into a new loan but not sure how willing banks are now that housing has started to fall +4. We have $260K in an IRA. We could take $100K out of that to pay off the CC debt, however, the penalty, tax, and fact that we would be selling the investments low with the stock market the way it currently is. + +&#x200B; + +Any options I'm overlooking? Considerations? + +THX! +Whats the point of good corporate governance and fiscal responsibility? The companies that leveraged themselves to the moon, did stock buybacks to hyper-inflate their stock price, live on constant debt instead of good balance sheets are now being bailed out by unlimited QE. Free money to cover your mistakes. Why would anyone run a good business ever again? Just cheat and scheme and get bailed out later. + +Edit: I am truly honored to be the number 1 post on WSB. To get validation from you autists and retards, the greatest American generation, is the peak moment of my life. Thank you all. + +Edit 2: Many of you are saying this post is socialist. It is anti-capitalist. It is anti-wall street. It is none of that. My post is in fact about fixing capitalism so it is done the right way. Don't reward companies that are managed poorly and don't invest their profits wisely. Capitalism is about survival of the fittest and rewarding the winners not the schemers and cheaters. I'd rather have a profitable company that pays its workers livable wages, doesn't use sweat shop labor, doesn't pollute our environment, gives good quality healthcare, paid family leave, sick leave, maternity/paternity leave, reinvests in improving infrastructure, keeps low debt to equity, and has a 12 month emergency fund for a black swan event. Not companies that give all the money to the CEO and Board and nothing to the workers, do stock buy-backs with profits instead of improving infrastructure or saving for emergency funds. Let the greedy poorly run companies fail so we can invest only in good quality companies that treat their workers well. We will all make tons of profits in the market with well run companies and main street America will also be able to live a decent quality life. + +Edit 3: I am not a salty bear. In fact I want the market to do well. But this is not the way. Bailing out weak companies that didn't save for a black swan event because of CEO greed is just making this bubble bigger and bigger and it will only pop worse later on. JPow will ruin our market and the economy with this fake bubble with his printer. Let the market be free so we can shed weak companies and true capitalism can see a rise of the strong companies and the market can moon again. + +JPow and his printer are really helping the Wall street elite. Jpow doesn't care about you. Now the tax payers are bailing out shadow banking. Junk bonds are risky loans that private equity, hedge funds, and other shadow banking institutions give out to desperate companies that can't get loans from regular banks anymore. That's why junk bonds are shadow banking instead of traditional banking. JPow is using his unlimited printer to BAILOUT and give free money to the shadiest and greediest characters of wall street and society in general - private equity, hedge fund managers, shady billionaires. + +PE, hedgies, shady billionaires were screwed because the economy just halted and companies were going to default on these risky loans since they had no revenue coming in. This is who JPow is helping. He just bailed them all out by buying these risky junk bonds on the back of the American tax payer. You may become homeless and starve, but private equity, hedge fund managers, and shady billionaires will be made whole by the fed. +Nearly 70% of India’s largest portfolio schemes by assets lagged the benchmarks in the last fiscal amid volatility. As many as 14 of the top 20 schemes—with cumulative assets under management worth Rs 1.17 lakh crore—tracked by BloombergQuint, underperformed, according to data disclosed on the Securities and Exchange Board of India��s +website. The benchmark returns in FY22 were less than a year ago as markets turned choppy amid uncertainties around costlier commodities, foreign selling, the U.S. Federal Reserve’s rate hike cues, crude surge and Russia's Ukraine invasion. + +On an average, total returns for the top 20 schemes stood at 20.89% during the fiscal compared with the benchmarks’ 20.95%. That was mostly aided by three portfolio schemes comprising mid- and small-cap companies. +The top 20 schemes accounted for 53% of the total assets under management of the portfolio managers. These schemes together witnessed a net inflow of Rs 9,688 crore in FY22. Portfolio schemes of White Oak Capital Management and IIFL saw the highest inflows during the year. The IIFL scheme outperformed the Nifty 50. The three schemes that returned the most gains in FY22 were Old Bridge All Cap Fund and Alchemy High Growth Select Stock—benchmarked against the BSE 500—and Unifi’s Blended Rangoli, benchmarked against the BSE Midcap Index. + +Article: https://www.bloombergquint.com/business/indias-top-portfolio-managers-failed-to-beat-benchmark-indices-in-fy22 +So I have always had the impression that to do HFT successfully, you needed lots of things in place that are typically only available for trading firms / institutions like infrastructure, Co location, different teams working on it. + +However this seems to suggest otherwise as this appears to be a single guy in his basement killing it. Granted he is spoofing but still is it possible to do HFT on an individual or retail level? + +Anyone have any opinion on this? + +https://www.bbc.com/news/explainers-51265169 +# Greetings Traders ! + +As always DYOR & NFA + +**$DARA** is the token of the Immutable project - A token built for decentralized storage, product incubation, and building a decentralized governance protecting the ecosystem around it. + + +The Team is fully Doxxed also got some Big Advisor as Zheng "Bruce" Li Co-Founder of NKN & Chris Co-Founder of CR !! + +&#x200B; + +📈 **General Info** + + + 🔥 NO TAX!!! yep no Tax but i suggest to use a 0,1%-0,5% slippage! + + ✔️ Total Supply 42,000,000 + + ✔️ 24h Volume 543K + + ✔️ LP \~260K + + ✔️ \~2300 Holders + +&#x200B; + +💰 **The Potential** + + + 💎 Angel Investor Bruce Li (Co-Founder & CEO of NKN Top 200 Token) + + 🚀 CG & CMC Listed + Bilaxy & 1 Inch more to come!! + + 🚀 FileCoin current marketcap is $6B. That gives us a price target of $150! + + 🚀 FileCoin ATH mcap was $21B That gives $DARA a +$450 Range!!!! + + 💎 MVP Product launching in the next Weeks + + 💎 Big Use Case read below + + 💎 Partners with V Systems & NKNx + + + 🌐 **The Team & Advisors / Partnerships** + +**Main Team** + +* Gigamesh - Well connected Crypto Journalist +* Icewave - Development Team +* Christian Busch - Creative Director +* BGNLouie - Project Director + +**Advisors** + +* Zheng "Bruce" Li - Co-Founder & CEO of NKN +* Chris Charles - Co-Founder of CR + +**PartnerShip** + +* Sunny King & V Systems - the inventor of Proof of Stake +"Single most Original Altcoin Developer" by **Vitalik** + + + 🔥 **What $DARA has** + + +1. Immediate utility - 99% of crypto projects (even the ones in top 50) have fancy whitepapers and roadmaps but their usecases wont come to fruition for years, if at all. DARA is getting ready to onboard 100s of thousands of journalists and bloggers. +2. Multiple usecases and adoption- Two usescases already being built out, more discussions on the way. +3. Legit Tokenomics and CEX potential - no tax, no burn, no funneling of your funds to random marketing wallets; eligible to be listed on CEX like Binance. With advisers like Bruce, Sunny King, this is bound to happen sooner rather than later. If it takes a year to get onto likes of Binance, DARA can make it probably in half the time. +4. Partnership with Sunny King & V Systems - the inventor of Proof of Stake, "single most original altcoin developer" by Vitalik + + +📋 **Usecase/Tech** + + +* Under the hood, FileCoin uses IPFS. +The way we ($DARA / Immutable DAO) are built, we provide decentralized storage (similar to filecoin) but we are not married or hardcoded to ipfs. +When a better tech comes along, we can move from ipfs to something better. +Something Filecoin can't easily do. +* Decentralized storage - our first usecase is creating a decentralized wiki/journalism/blogging platform like Medium. +But imagine articles can never be censored. +Never be taken down. Never be tampered with. +They get stored in blockchain along with proof of ownership/copyright!!!!! +This is just the first application of our tech. We’re gonna have more usecases and applications as time goes on. This is just day#1 + +**⏰ Timeline** + + +* Well, honestly, a lot depends on overall crypto market sentiment. Let's use Bitcoin as a proxy for market sentiment. So, when Bitcoin is crossing $60K, we'll be making new ATH records. When Bitcoin is crossing $100k+, we should be getting closer to our target range too. + + +**My Personal Statement:** + +Of all the BSC Tokens out there this is no Shitcoin!!!!! +Take your Time and do your own research and you will see how Big this is ! + + +NFA&DYOR + +TG = [https://t.me/theimmutabledao](https://t.me/theimmutabledao) + +Website = [https://dara.global/](https://dara.global/) + +Contract = 0x0255af6c9f86F6B0543357baCefA262A2664f80F +This is all my own opinions, but I did some deep research into each industry and tried to make this post as objective as possible. I hope you get something out of this! + +&#x200B; + +In general: In high interest rates, bonds do better and stocks do worse than in lower interest rates. High interest rates means more difficulty growing. It also implies the risk free rate is high so bond yields must rise with it in order to have any demand for corporate paper. + +Basic Materials: + +The interest rate to commodity price index is inverted. This is because the demand for commodities falls with the level of economic activity. This can be seen quite clearly by comparing a chart of interest rates with commodity prices. + +The implications of high interest rates are divided across the industry. Commodity producers will have more difficulty staying profitable and expanding operations. Cash generation will be severely strained. Commodity buyers on the other hand will find that expenses are much lower and it easier to get competitive prices. There are some material producers that will suffer less than others. In general, smaller companies suffer more because the larger ones are more capable of providing the most competitive prices. + +Communication services: + +Communications services do well in low interest rates, and tend to struggle in higher rates. This sector is generally the most overpriced and most leveraged. Stock prices in this sector may decrease more than the average market does. In addition to lower stock prices, companies that require a lot of leverage will have difficulty expanding or continuing operations. Established companies that have less capital intensive operations will fare much better, but still won’t be able to come up with the same revolutionary technologies that come from lower interest rate environments. + +Technology: + +This sector is unique because it is much newer and has not been exposed to high interest rates. If the current environment of startups are extended, many startups will find difficulty finding funding and small companies with high debt will face similar problems. For larger companies, a unique situation is presented. These companies are known for constant acquisitions and with high interest rates, all of the talent in niche tech businesses will suddenly look much more attractive. + +It is possible that the mega cap tech companies will be nearly unaffected because of their massive operating cash flows that are vital to normal life. Many companies in tech have become very large with a low interest rate for the entirety of their existence. It is possible that these companies suffer more than older companies of similar operations and size because of a lack of experience operating at higher interest rates. + +Industrials: + +These companies have mixed implications. On one end, commodities and other material input are cheaper, but on the other end there is less demand for industrial products in an economic slowdown. Revenue and cost of goods sold could be expected to decrease, creating smaller, more profitable businesses. + +A nice way to think about this is to examine the airplane manufacturing industry in a high interest rate environment. The manufacturer can acquire the materials and possibly prefabs for the plane for cheaper. The gross margin on the individual plane is higher as a result, but in the general economy, consumer activity is lower, so there is less traveling and a resulting lower demand for aircraft. + +Health Care: + +Health care is much less volatile than the average market because the demand for healthcare services is mostly disjoint from economic activity. The main concerns in health care are shared with the rest of the economy - mostly issues arising in debt refinancing and upgrading or acquiring fixed assets. + +Utilities: + +Utilities generally underperform in high interest rates. They take on more debt, require consistent servicing of fixed assets, and are slower to increase revenue than other industries. When operating conditions are staying similar (utility costs for consumers are not increasing much) and interest rates are high, utilities have a much more difficult time covering capex and depreciation. + +Consumer staples: + +Consumer staples are historically less volatile than most of the market. Consumers may not be buying luxury goods or a second home at high interest rates, but like healthcare, consumer staples are not things that are optional for most people. \[Most?\] Consumers are not going to stop purchasing food and toiletries just because their variable rate debts are becoming more costly. + +Finance: + +Finance tends to do well in high interest rate environments. They are able to write higher rate loans, and demand for loans increases. Insurance historically issued higher premiums. Financial firms can be viewed as the most obvious beneficiaries of high interest rates at the cost of most other industries. +The stock APA apparently had a "corporate action" last night where its name changed. This resulted in the average price for that stock reporting as zero both in TOS and the API, even though both still showed a positive quantity. It also showed me as having a massive gain for the day. Had I not noticed it my bot probably would have misinterpreted that cost and sold at a loss. I don't know if there was any way to see this coming. The action was not in the calendar. I talked to support, and they just told me I could see my buy data on the website. + +So now in my code I have a new check for zero cost and will probably be implementing my own recording of average cost. + +Just an FYI for anybody out there relying on TDA. +We are in dire need of staff which I assume is the reason for the higher than normal starting wage. But I feel underappreciated because of this. + +IMO if they can afford to pay new people as much as they are, they can afford to pay me more. + +Is it wrong of me to ask for a few more dollars per hour raise with this being the only reason? It's been awhile(a year or so) since I have gotten a raise and perhaps I'm using this as an opportunity to ask for more? + +I'm not sure if I am thinking about this correctly. + + + +Thoughts? + +Thanks in advance. + + +EDIT: The consensus is that it is wrong to consider asking for a raise simply due to how much new hires are making, regardless of time in the company considering my work ethic. I agree but was not seeing it that way. + +If anyone has more to add beyond that I would be happy to hear it. + +I appreciate the answers and honesty. Thank you all. + +Edit two: Well this got bigger than expected. I cannot express how much the priceless advice means to me. I have been humbled in more ways than one. + +I promise I will reply to everyone when not on mobile. I really really really appreciate everything said, good and bad. I needed the kick in the teeth honestly. I apologize to those I reacted to negatively in the beginning. I see your point of view and respect it. + +What a great sub this is. I work nights so it's time for housework now. I *will* get back to you all tonight. + +Thank you. Thank you. Thank you again. + +. + +Edit three: So I have spent several hours replying to as many people as I can, but I'm saying much the same thing to everyone so I'll just say it here. + + + I have learned quite a few things from this post. I think an honest upfront conversation with my manager is in order, with the knowledge it may lead nowhere. I have not done any research into what someone with my position and experience is worth. If it had been another, larger, company than my current one I can only assume I would of had more *opportunity* to move up. **BUT** considering my attitude towards my current line of work / the way I have approached it these past 5 years(coasting), I do not think I would have received those promotions. And that's okay. That just means I need to change. I need to improve. + + +*I need to move on.* + +This job is not something I would have pictured working for 7 years when I was fresh out of high school. I like the work but it's just not for me anymore. It's not a career by any means. A career is something I have thought about for a long time. Something I really want. I am not sure what was holding me back, fear complacency laziness? Probably all of the above. I regret wasting so much of my time. + + + +So in regard to the main point here: I do understand and agree that tenure *alone* is not sufficient for a raise, and is certainly a weak argument to make to your boss *if* in that time I have not provided more than a body for the company. Which is the case for me. I also understand the need for the higher wages the new employees will be earning. Seems to simply be a market value thing. We need people badly, so it only makes sense you would offer more money to draw people in. I can respect that in conjunction with my current wage considering the effort I put in and all I offer. + +I really appreciate the advice, the kind words, and you sharing your experiences with me. I needed to hear *all* of it. It has helped me in so many ways. This post will literally change my life, even outside of my job. I won't be replying to many more people, but I will be reading every comment. + +Sorry for the wall of text. Considering what this has all meant to me, I felt the need to express it. + +Take care everyone, best of luck to you and yours. I appreciate it, so much. +This is more of a technical question but if it could be answered that would be great + +It seems that [wages have stagnated in recent decades, particularly for the lower income percentiles](https://www.google.com/amp/s/www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/%3famp=1), but [real median household incomes have increased significantly in the same time](https://fred.stlouisfed.org/series/MEHOINUSA672N). + +How can real wages stay the same but total real wages in a household increase? Is it that people are working more or is it that both spouses having jobs is more common? +The time is approaching when there would be no liquidity, no volume, no self-proclaimed art geniuses willing to buy anything anymore. + +It requires almost zero efforts to actually create an NFT and sell it to the general public. Worst yet, you can google a image and make it your own NFT. So how can you protect your nft? +[https://youtu.be/YmBFNqLiFvg](https://youtu.be/YmBFNqLiFvg) + +Even this could've been fine had these NFTs sold for a few dollars, but the bigger NFT projects with 1000's of the similar art designs are selling individual NFTs for as much as 3/4 SOL. $600 for a picture of a turtle and -to hit the final nail in the coffin- you're not the only one with such a photo, there are 9999 more such photos who've paid the same price for it. Imagine what would happen when all of these folks will try to sell their 'unique' pieces to the public at once. + +Most of these NFT projects don't even have a working game where these NFTs could be used. It literally serves no purpose at all. They've just sold a dream in the manner of a roadmap. Yet they are selling like hot cakes. + +This is worst than margin trading, at least there you are trading with something which ideally should've some real value. Here you are just playing with fire. +**Update:** There are 5 edits in this post with updated or corrected information. Please go through them if you have missed something. I am NOT expecting this post to be edited in future. Thank You all for the updates, correction and participation. + +Recently, I was searching for Health Insurance plans for my parents (both 55+) for ₹10-lakh Sum Assured (SA). I stumbled upon [this excellent post](https://www.reddit.com/r/IndiaInvestments/comments/ba2d6i/buying_health_insurance_plus_a_review_request/?utm_source=share&utm_medium=web2x&context=3) by u/sdhaja and used it as my initial template. Because that post was a year ago, I want to collate /update /reiterate the information. My post will be long and some advice will be repeated but I am hoping for your comments, corrections and personal experiences, if possible. + +**Basics** + +* "Health Insurance" section of Sub wiki i.e. [Insurance](https://www.reddit.com/r/IndiaInvestments/wiki/insurance) is woefully inadequate and old. However, it covers the basics. Before diving deep into the subject, understanding of basic terms is essential. +* Personally, I found [this PDF](https://www.finvin.in/health-insurance-simplified-download-e-book/) a decent read. Suggested by u/random_desi_guy in [this comment](https://www.reddit.com/r/IndiaInvestments/comments/jekmp3/-/g9f2vke) + +I decided on following points – + +* Family Floater Plan – Because both are in similar risk profile. + +* No Co-Pay + +* No Room Rent Limit (sub-limit) + +With these minimal conditions, both **CoverFox** and **BankBazaar** effectively bound me to choose between HDFC Ergo and MaxBupa. + +* Care & Birla were out because of "Single Private AC" on Room limit and 4Y for pre-existing conditions + +**Edit 3:** I want to clarify here that "Single Private AC" and 4Y for pre-existing conditions are NOT bad, as such. But, in same class, HDFC and Max are providing ALL Rooms and 3Y for pre-existing. + +* My notes are missing the reason for exclusion of Royal Sundaram but I guess, it was probably its premium and Hospital coverage in my area. + +* ICICI Lombard – Both Coverfox and BankBazaar does not offer any product from ICICI. Its premium (on its website) turned out to be costly. See Below for details. + +**"HDFC Ergo Optima Restore" vs. "Max Bupa Health ReAssure"** + +* Premium – HDFC premium is much higher than Max. For my parents, HDFC Yearly premium was **46%** higher than Max Bupa (Yes, it is NOT a typo). + +* Pre-existing diseases - Both cover them after 3Y + +* Both provide no-claim bonus of 50% for 2Y i.e. 100% cumulative and both deduct it by 50% after claim. (sidenote: Max Health Companion plan will NOT reduce it after claim. However, it charges higher premium) + +* Hospital Coverage – HDFC has much wider coverage compared to Max. + +* Reviews – HDFC has better reviews than MaxBupa about their claim settlement process. + +* ~~Decision – HDFC (Higher premium but better chance of support.)~~ + +* **Edit 5: Decision –** I have purchased Max Bupa despite their bad reviews. Originally, my Parents mistakenly identified a key hospital unavailable with Max. However, it was available in its network. With this change, the difference in premium between Max and HDFC became too much to handle. + +* Originally, I was going with 5-lakh SA with Super Top-Up. But, after more consideration about the total cost and headache involved for the parents, I decided to increase SA to 10-lakh without Super Top-Up. See Below for details. + +* "Critical Illness Rider" is supposed to open to interpretation by the company, so I decided against it for now. + + +**Coverfox**: + +Coverfox sales person was good and tried to find out actual answers if required. However, Coverfox site has not been updated with latest plan (MaxBupa Health ReAssure) due to Covid-19. Further, their site also does not show correct list of hospital coverage. Personally, this was a deal breaker. If they can't be bothered to update their product listing, I am doubtful of their claim about great support during claim settlement process. + +**BankBazaar**: + +* BankBazaar site is good but their salesperson kept giving me misleading or inaccurate information. + +* He told me that if I buy the policy from them using Credit Card, they will give me 0% interest rate on EMI and that offer was available only for that day. + +~~I checked, the policy site itself is offering same reward even today.~~ + +**Edit 4:** The website of insurance company didn't offer 0%EMI on credit card, so I bought my policy with Policybazaar. They gave me discount on total premium. Thus, although bank will charge EMI interest on my card, effectively I am NOT paying anything extra. + +**Others**: + +* InsuranceDekho does not have good plans or enough plans + +* Myinsuranceclub was so bad that after 30min, I was not able to see any plans on the site + +* PolicyX – See [This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/-/ga231fw) + +**Claim Settlement Ratio**: + +The document to check this is called "NL25". Every Insurance provider has this uploaded on their site. Although, this is cumulative information for all their policies but still it provides a base to compare. + +**ICICI Lombard**: + +As stated above, it is not a partner to either Coverfox or BankBazaar. Its premium was higher than even HDFC. However, it also offers coverage of pre-existing diseases after 2Y (compared to 3Y by HDFC). (As stated by both Coverfox and BankBazaar) Problem with ICICI is that when its premium band changes, after 4 or 5Y, the premium shoots up significantly. + +>One thing to add vis-a-vis ICICI Lombard. Purchasing it via Amex will give you a dedicated Amex team to handle your queries and claims. + +[This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/health_insurance_process_and_review/ga1u6fb/) by u/librislibertas + +**Exclusions**: + +Earlier, there were a list of consumables (Syringe, Gloves etc.) and administrative expenses (Application fees etc.) which had to be paid by the policy holder but Oct-2020 onwards, IRDAI has disallowed these exclusions. If someone has any experience regarding this, I would be grateful. + +**OPD Coverage**: +>Be aware that, unlike in some other countries, HEALTH insurance in India is actually HOSPITALIZATION insurance (with some exceptions). If you get expensively ill but do not require hospitalization, you get nothing. + +[this comment](https://www.reddit.com/r/IndiaInvestments/comments/jekmp3/-/g9ewn61) + +I really wanted a policy with OPD Coverage but their premium or the rider are very high. I would have paid additional ~3,000 yearly for OPD coverage limited to ~5,000 yearly. If anyone is interested, it is covered in HDFC ERGO Health Wallet. + +**Super Top-Up**: + +>Yes, Super top up is another policy on it's own. You even get a separate insurance card. + +Top-Up is effectively a separate policy and if I port the base policy, Top-Up is NOT ported. +Please see [This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/health_insurance_process_and_review/ga1fkqu/) by u/Prashank_25 + + +**Critical Illness Rider**: + +It is supposed to open to interpretation by the company, so I decided against it for now. + +**References**: + +* [Buying Health Insurance (plus a review request)](https://www.reddit.com/r/IndiaInvestments/comments/ba2d6i/buying_health_insurance_plus_a_review_request/) + +* [Is health insurance worth it in India ?](https://www.reddit.com/r/IndiaInvestments/comments/jekmp3/is_health_insurance_worth_it_in_india/) + +* [Monthly Thread for Insurance Products](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) - Please go through at least 1Y of posts and comments. Some of the advice is Great. + +**EDIT** + +**Privacy**: + +Both **CoverFox** and **BankBazaar** had kept all medical and conversation information of mine for 2Y atleast. In 2018 also, I tried to convince my parents to buy Health Insurance but they were not interested then. Hence, I didn't buy any product from either site at that time (2018). Please remember this when you talk to anyone. + +**Edit 2**: + +**More References**: + +* [Health Insurance vs. Corona Kavach](https://www.reddit.com/r/IndiaInvestments/comments/hpplsw/a_comparison_of_standard_health_insurance_and/) by u/galeej + +* [Process similar to mine but got different opinion](https://www.reddit.com/r/IndiaInvestments/comments/g7uc0l/finally_on_a_health_policy_hunt_steps_included/) by u/HonestBat + +**Incurred Claim Ratio**: + +It can be found [Here](https://www.moneycontrol.com/news/business/personal-finance/general-insurers-incurred-claim-ratio-improves-5060391.html) provided by u/tvijay1. +It is NOT extremely relevant for established companies but it is better to have an idea about this. + +**Disclaimer: I am NOT a professional in financial field. Feel free to discard my advice at your convenience.** + +**Who/why need Health insurance in India?** + +**YES, Everyone needs to have Health Insurance.** + +If someone can't afford Health Insurance, He/She definitely can't afford Hospitalisation. + +Health Inflation in India is much higher than normal inflation and we need to be on this band wagon. +Further, You can account for your Food, Shelter, Education and other living expenses but Health Expenses are extremely high and sudden. Health Insurance reduce their impact on your lifestyle to a certain extant. I want to add many more sentences here but I don't want to repeat the linked posts above. Many smart people have given much better reasons, please read them. + +**Edit 3:** + +**PSU Insurance Companies** vs. **Private** + +I want to clarify that Government Companies may turn out better or more reliable. My personal preference is more towards 'Ease of Doing Business' and the perception is that private companies are much better in this regard. After some suggestions here, I looked at 2 of them. One had high premium with lower benefits and the other (SBI) told me that they can't take my money online (!) and I need to contact their office if I want to give them money. + +I believe that in 2020 this sort of headache is not worth the effort (for me). But, please look at the policies if you are interested and feel free to share your thoughts /experiences. + +* [This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/health_insurance_process_and_review/ga5a5m0/) by u/MillenialIdeas provides his relevant experience. + +* [This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/health_insurance_process_and_review/ga2noh1/?context=10) by u/iseelikeeagle has some interesting opinions. I don't agree with them but his/her experience is relevant. + +**Edit 4:** See Above + +**Edit 5: Co-pay & Deductible** (Also See Above) + +* [Why Co-Pay is bad for health Insurance](https://www.reddit.com/r/IndiaInvestments/comments/jjjaqh/why_copay_is_bad_for_health_insurance/) by u/ydoucar3 asks this question. + +* [This Link](https://www.careinsurance.com/health-insurance/co-pay-health-insurance) talks about Co-pay vs. Deductibles. I am NOT going into details because the difference is clear. + +* [This Link](https://www.godigit.com/health-insurance/what-is-copay-meaning-in-health-insurance) discuss this in some detail. It advocates my thoughts on this matter. + +Personally, I do not want to concern or limit myself to the question of cost of the medical care at the time of Health Emergency. If their is a co-pay clause, my parents will look for cheaper hospitals too whereas I want them to go for the best possible option (within my limited means). + +**Tl;dr:** Health Insurance purchase turned out to be a 1 week involved exercise for me and even then I made some mistakes. Please read thoroughly and decide wisely. +We just went under contract on a place that was listed as being 1950 SQ ft. It's actually 2560. Seller and their realtor didn't bother to verify. Basically scored an extra 350k equity due to their lack of due diligence. Today is a good day. Man I love real estate. +# Their CEO made a speech in the bitcoin festival, along with bitboy Michael Saylor! + +Stay informed with the latest news regarding their community by joining their telegram group + +[https://t.me/afrostarcommunity](https://t.me/afrostarcommunity) + +**💲Where to buy from? Pancakeswap! 💲** + +[https://pancakeswap.finance/swap?outputCurrency=0x2f4e9c97aaffd67d98a640062d90e355b4a1c539](https://pancakeswap.finance/swap?outputCurrency=0x2f4e9c97aaffd67d98a640062d90e355b4a1c539) + +**🚨What are the HOTTEST news around Afrostar token?** **🚨** + +🔥Huge offline marketing campaign – Afrostar is all around London on busses and the tube! + +🔥Incredible online marketing done by the team! + +🔥1600 BNB Presale sold out in less than hour, 700 BNB Public sale sold out in 8 SECONDS! + +🔥9000+ holders for 6 days! Amazing! + +🔥Went from 2m marketcap to 20m marketcap in 1 hour of release, currently at 54m marketcap! + +🔥15m trading volume for just 6 days! + +**👉 What is Afrostar token all about?** + +The crypto currency aims to be THE digital currency that is trusted and used across the continent, and a top crypto currency worldwide. The Afrostar ecosystem will provide a range of powerful real world use cases for the Afrostar token. + +**👉 Multiple steps taken to protect investors:** + +🌟LP Locked – The liquidity pool is locked which means it can’t be rug pulled, thereby protecting investors + +🌟Toxic whale tax – This progressive smart tax helps protect against sudden price drops and aims to reduce price volatility + +🌟Buy back fund – This is used to support the token price as and when needed. It will also boost investor confidence + +🌟Auto LP Generated – The auto LP help create a price floor for the token and also helps make the price more stable + +🌟Bot killer smart code – Their bot killer code helps protect against trading bots that try to manipulate the crypto price + +🌟Multi signature wallet – To provide extra security, a minimum of 3 signatures are required to unlock the Business Angels wallet + +**👉 What is going to be their core utility? I present to you the copy trading Afrostar app!** + +The founders are using their 20 years’ experience in the investment industry to develop a powerful, user friendly one stop crypto trading app. People will be able to buy and sell crypto and also have the choice to auto copy the trades of other people. A range of simple but powerful filters and statistics will give users the ability to select traders that match their criteria. + +The developers plan on launching the app on 2022. + +**👉 Why should you invest in Afrostar? There are some key project facts!** + +✅World class team running the project + +✅Currently $500,000+ are spent on marketing + +✅Extensive marketing both online crypto and mass media + +✅500,000 + existing clients of Afrostar team members as potential Afrostar investors + +✅Massive worldwide PR booked and paid for + +✅Highly experienced tech team who have done successful crypto launches before + +✅Huge offline marketing campaigns already booked (billboards, newspapers, buses, underground, radio) + +**📈Contract BSC:** + +0x2f4e9c97aaffd67d98a640062d90e355b4a1c539 + +**💎Tokenomics:** + +💲Total supply: 1,000,000,000,000,000 + +**📌** 10% taxes: + +2% Buy back fund + +6% Marketing & Development + +2% Holders rewards + +**♻️Token distribution:** + +📍Airdrop: 8% + +📍Liquidity pool: 20% + +📍Private Sale: 10% + +📍Ecosystem/Dev: 7% + +📍Partnerships: 4% + +📍Burn: 5% + +📍Advisors: 3% + +📍Business Angels Project 3% + +📍Presale: 40% + +**🔗 Join the community and feel the great vibe!** + +Afrostar token’s team has given you a wide variety of social platforms that you can engage with and communicate with other people in the project. Right there you can contact the team and ask them anything you feel like it! I have done it myself and they are flawless in their response. + +**🌐 Website**: [https://www.afrostar.io](https://www.afrostar.io/) + +**📱 Telegram**: [https://t.me/afrostarcommunity](https://t.me/afrostarcommunity) + +[**🎮**](https://old.reddit.com/r/CryptoMoonShots/comments/pyw3w0/welcome_to_the_minififatoken_doxxed_dev_90_burn/)**Discord**: [https://discord.com/invite/qrj6AWacH4](https://discord.com/invite/qrj6AWacH4) + +**📃Youtube:** [https://www.youtube.com/channel/UCas9v53n5QXt1ZdTPKHo3Gg](https://www.youtube.com/channel/UCas9v53n5QXt1ZdTPKHo3Gg) + +**🕊 Twitter**: [https://twitter.com/afrostarcrypto](https://twitter.com/afrostarcrypto) + +**🪐Reddit**: [https://www.reddit.com/user/afrostarcrypto](https://www.reddit.com/user/afrostarcrypto) + +**📱 Facebook**: [https://www.facebook.com/afrostarcrypto](https://www.facebook.com/afrostarcrypto) + +**🌐 Instagram**: [https://www.instagram.com/afrostarcrypto/](https://www.instagram.com/afrostarcrypto/) +Throwaway account here. I hope this is the right place to ask this question. + +I'm 39, male, heavily considering millionaire matchmaking service(s) to find a serious girlfriend / wife + +My net worth is about $20M, mostly liquid, mostly from senior roles in high growth startups, and some long-term investments. + +I've been single for almost six years now. Spending covid alone, in particular, has been rough. At this point, I'm struggling to meet "quality" women since I don't work at a company, most of my friends are married, and I only sometimes go to bars to catch up with friends. No clubs or festivals or anything like that. + +I've tried dating apps like Bumble and Hinge, but at my age, I'm finding it hard to get good matches. I don't like to show off my wealth, and am not very tall or good looking. I do have several hobbies like golf and sports cars, but those haven't been great meeting grounds either. + +Which brings me to my question: Has anybody tried millionaire matchmaking services and how did it go for you? + +I've done some online research but have yet to contact any. There is one that seems to focus on Silicon Valley and those with a tech background, but I don't want to mention any specific names. I'm open to any and all services that could help. + +What suggestions do you have if any? I'd really like a partner to share this next part of life, and I'm willing to spend money or relocate to do this. It's probably some personal issues, and being too picky, that's led me to where I am, but I'd really like to fix it. Thanks for any advice or resources or even just good stories! +I just cracked a six-figure salary. This might still be small fish for some on this sub, but this is a huge deal for me after growing up with a single mum working for close to min wage. Holy crap. + +Here is my history: + +Company 1 + +2015 - HR Admin $52,000 (grad job) + +2016 - promotion to HR Officer at $54,000 + +2017 - promotion to HR Advisor $65,000 + +Company 2 + +2018 - HR Advisor $66,000 + +Company 3 + +2019 - Advisor $80,000 + +2020 - increase to $82,400 (CPI increase) + +Hours and pay reduced by 10% due to covid for 8 months + +2021 - promotion to Senior Advisor $90,000 + +2022 - off cycle review $110,000 + +Edit: spacing (on mobile) +So I've been writing a small trading app, and I found TD Ameritrade's API support... lacking. I spent some time implementing the individual API endpoints I needed, but got carried away since I'm locked indoors because of the quarantine. I present to you all, a [feature-complete, documentation-included wrapper around the TD Ameritrade HTTP API](https://github.com/alexgolec/tda-api). + +You can install it using `pip` like so: + + pip install tda-api + +It supports everything that the API supports, and even throws in a few useful helpers to do things like getting the most recently placed trade, etc. + +Probably the most important thing it provides is a wrapper around the login flow. You can tell by the [number](https://www.reddit.com/r/algotrading/comments/914q22/successful_access_to_td_ameritrade_api/) of different [posts](https://www.reddit.com/r/algotrading/comments/c81vzq/td_ameritrade_api_access_2019_guide/) about [gaining access](https://www.reddit.com/r/algotrading/comments/ab236f/td_ameritrade_python_api_accessrefresh_key/), login to the API is an absolute nightmare. I've made this as simple as possible by using `selenium` to open the login flow in a web browser. It also implements automatic token refreshing, so you don't need to manually reauthorize for 90 days. To demonstrate how it use it, here's a complete application that grabs the past twenty years of price data on `AAPL`: + + from tda import auth, client + import json + + token_path = '/path/to/token.pickle' + api_key = 'YOUR_API_KEY@AMER.OAUTHAP' + redirect_uri = 'https://your.redirecturi.com' + try: + c = auth.client_from_token_file(token_path, api_key) + except FileNotFoundError: + from selenium import webdriver + with webdriver.Chrome() as driver: + c = auth.client_from_login_flow( + driver, api_key, redirect_uri, token_path) + + r = c.get_price_history('AAPL', + period_type=client.Client.PriceHistory.PeriodType.YEAR, + period=client.Client.PriceHistory.Period.TWENTY_YEARS, + frequency_type=client.Client.PriceHistory.FrequencyType.DAILY, + frequency=client.Client.PriceHistory.Frequency.DAILY) + assert r.ok, r.raise_for_status() + print(json.dumps(r.json(), indent=4)) + +You can check out the full documentation [here](https://tda-api.readthedocs.io/en/latest/). +Until I was in my 30s, I was an Evangelical Christian. I attended a Christian college, became a missionary, the whole thing. As a woman, I always assumed I'd simply marry someone to take care of me. I never considered personal finance on my own, since I was certain God would bring my "knight in shining armor" to save me. + +I broke up with the Christian guy I'd been dating (for 10 goddamn years!) and was suddenly faced with a stark reality: I have to be my own financial hero. + +I made a plan to get myself out of $176,000 of debt. Then after that, made a plan to start aggressively saving for retirement. + +Fast forward to today. I'm in my mid-40's. Zero debt. No husband or kids. And just hit my $100,000 net worth goal! + +I wish I could celebrate but I also realize how far behind I am. The "retire early" part is out of reach for me, but I think I can still achieve "financial independence" within my lifetime. I wish my younger self had not only pursued better financial literacy but I wish I'd known my own value. I wish I hadn't waited for someone to financially save me and recognize I had the power all along. + +Is there anyone on this sub who started late and still managed to hit FI (or even RE)??? What age did you start? + **SINCE THIS POST 3 DAYS AGO APPLE HAS FALLEN A 11,46%** + +[https://www.reddit.com/r/ValueInvesting/comments/urv8ut/big\_short\_investor\_michael\_burry\_reveals\_bet/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ValueInvesting/comments/urv8ut/big_short_investor_michael_burry_reveals_bet/?utm_source=share&utm_medium=web2x&context=3) +Damn I just love to be part of this saga. 🦍🦍🦍💎🚀🌌 + +Edit 1: I just upvoted every single comment because there was not a SINGLE negative one so far. +Damn this community has become awesome ❤️ + +Edit 2: Wow nearly 9k likes and a lot of awards 🥰 I really appreciate it guys thank you. This just confirms my thoughts. +A ton of silent apes are among us. This army is terrifying in a positive way. +I would really shit my pants if I had to fight this new first-time-in-history-smooth-brain-enemy. + +Edit 3: Just finished reading and upvoting all these nice comments. A lot of people did their first comment. I am honored. +Also some mentioned they have friends /family who own GME shares and don't use reddit. +I also have a few friends with GME positions, also non-reddit user. +GME is in nearly every EU county the most traded stock (German 🇩🇪 ape here). +When I think about it, and I am here since January, I might have underestimated the amount of apes worldwide 😳 +This was inspired by a thread I saw earlier. There's a lot of things poor people do that wouldn't occur to people with more money. Like watering down milk or juice to make it last longer. Or cutting off the top of shampoo bottles to really get to the last drop. What are your poor people's habits? +I bought a share of Disney for $114.25 on March 6th, and today it's down to $93.78. I don't see a price match policy on their website but I'm growing concerned because it's almost been a month and I imagine their price match policy is only like 30 days max please help +No joke, we went from spending almost $300 at Walmart or Kroger every week for 2 adults and a toddler to $160 at Aldi. The produce is so much greener too, meat is always fresh. Seriously, cannot be overstated enough how amazing this place is by literally saving me like $7000+ a year. +Been seeing a lot of dumb stuff going around on this sub about lower engagement and less posts of quality. I don’t know about you guys but I don’t really care anymore. I have DRSd my shares, all my friends have DRSd their shares. I have some call options that are in the middle of this year and pretty nicely priced. I’m just sitting here. + +I don’t care what the price is. +I don’t care about anything until I see billionaires crying on the news again. +I feel absolutely nothing when the price is up sideways or down. +When I see you guys arguing about stupid stuff on this sub I don’t take it as FUD, I take it as idiots on Reddit being idiots and it doesn’t sway my decision on GME at all. +I don’t upvote or comment things that often but I’m always viewing. + +There is absolutely no way I am alone on this. I would be surprised if the majority of people are not feeling like this. Everyone is still holding and buying, but there isn’t much to really be said. It’s just a game of patience and slowly doing what can be done to make them more uncomfortable than us. + +DIAMOND HANS BOIS + +Edit: someone said this is fud to deter from talking about the spicy dip so… + +FIRE SALE LETS GO. BUY THOSE JUICY, SPICY, TENDER, SWEET GME SHARES THROUGH COMPUTERSHARE OR BUY SOME SHARES AND GET THEM DRSd LETSGO + +Tomorrow is Monday my dudes. Price is yummy yummy +There was yet another post about gate keeping poverty and /r/povertyfinance recently. A mod made an excellent post about why we shouldn't do that, but I felt it missed one major point. After their encouragement I'm going to make this post to describe that point as I feel it's something that gets incredibly little air time, and ultimately, it's one of the hardest parts of moving from one class to another. + +Living in poverty takes skills, a lot of skills. To do it well requires long cultivated relationships, understanding of food banks, SNAP, public transit, etc. and a completely different view on finances then you'll find in middle class. For a person in generational poverty those skills and knowledge will be known and understood. + +That's not to diminish the negative effects of poverty. I'm not trying to say that once those skills are learned living in poverty is easy. But it is easier once those skills are known. For someone that is new to poverty this just adds another layer of difficulty and terror. They don't have a relationship with someone that can repair their car when it breaks down. They don't know that the busses in their city typically run up to ten minutes late and they should take the earlier bus so they're not late to that job interview. They don't know that Tuesday is the best day to go to the food bank if you want to actually feed your kids vegetables this week. Etc. Etc. And they certainly have never even considered using that little extra cash from this week's pay to foster relationships (via beer or food typically) with their neighbors because those relationships will get them farther, and keep them safer, than having an extra $50 in the bank will next time there's an emergency. + +In middle class there isn't a lot of money, because a lot of it is used up for emergencies. Day care is closed down for a covid scare, throw some money at someone to take your kids for a week. Car breaks down, throw some money at a mechanic to fix it. Water heater stops making hot water, throw some money at a plumber. Everything is fixed by throwing money at someone. And that's just how the world turns in the middle class. It gets expensive in a hurry. + +But in poverty you talk to your neighbor, the one who needed a favor and you baked their baby's birthday cake for them because they had a chance to pick up an extra shift, and they take your kids for a couple of days. Or you call your other neighbor and ask if they could sling some tools to fix your car if you provide the beer. And your water heater, well, maybe you just have cold showers, or maybe you fix it yourself, or maybe you boil water on the stove so your kids can have a lukewarm bath. + +Gate keeping these things does two things, it makes life even harder for the newly poor, and it diminishes the skills and experience that most poor people have. As if those long years of learning those skills are inherent. Instead of gate keeping we should be treating the newly poor the same way we treat everyone else in poverty. We should be sharing those things in an effort to expand everyone's knowledge. Hell, you just might learn something from the once middle class people that will help you move up. Because moving up requires just as much of a learning curve. Though, thankfully, without as much terror attached. + +Source: I've gone from my parents being on welfare throughout my childhood, to being homeless at 18, to being 3 months from having my house paid off at 41 yet still terrified that the world will come crashing down and I'll end up steeling to eat again. + +Edit: I'm just gonna quote a great person here. + +Y'all, I don't need any awards. As awesome as that little narwhal is, if you have spare money, please think about using it to purchase staples like flour and pasta and pasta sauce or granola bars and other shelf stable goods and donating to food banks or to local school with student pantry's. That is a better use of your money. That, IMHO, is what I prefer you would do with what the award costs. Food insecurity man. Lets fight this shit if we can. +House Speaker Nancy Pelosi on Wednesday rejected the idea of banning members of Congress and their spouses from holding and trading individual stocks while in office. + +"This is a free market, and people — we are a free market economy. They should be able to participate in that," Pelosi said when asked by Insider at her weekly press conference. + +Insider also asked Pelosi about "Conflicted Congress," a 5-month-long investigation by Insider that found 49 members of Congress and 182 senior congressional staffers have violated the STOCK Act, a law to prevent Insider trading. + +The Speaker said she had not yet seen the project, but said that it's important that members are complying with the law. + +"If people aren't reporting, they should be," she said. + +Pelosi's position puts her at odds with the likes of progressives like Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez, both of whom have called for banning members of congress from trading stocks while in office. + +"It is absolutely ludicrous that members of Congress can hold and trade individual stock while in office," Ocasio-Cortez recently wrote on Twitter. "The access and influence we have should be exercised for the public interest, not our profit. It shouldn't be legal for us to trade individual stock with the info we have." + +And on Tuesday, Sen. Warren told Insider that she had seen Insider's investigation, calling out the "brazenness" of members and staffers trading stocks even while having access to privileged knowledge. + +"We need both tougher laws and enforcement of those laws," the Massachusetts Democrat told Insider. "The American people should never have to guess whether or not an elected official is advancing an issue or voting on a bill based on what's good for the country or what's good for their own personal financial interests." + +Asked about progressives' position on the issue, a spokesman for Pelosi signaled that the speaker prefers a transparency-focused approach to insider trading. + +"The STOCK Act exists to shine a bright light on trades by members of Congress," said spokesman Drew Hammill. "Sunlight is the best disinfectant." + +"The speaker does not own any stocks," he continued. "As you can see from the required disclosures, with which the speaker fully cooperates, these transactions are marked 'SP' for spouse. The Speaker has no prior knowledge or subsequent involvement in any transactions." + +Pelosi's husband, investor Paul Pelosi, frequently trades significant numbers of stocks. With her husband's assets considered, Pelosi ranks among the wealthiest members of Congress, according to an Insider analysis. + +Insider has identified numerous examples of federal lawmakers trading stocks in industries they oversee as part of their congressional committee assignments, including within the defense, healthcare, and energy industries. + +bus inessinsider.com/we-are-free-market-economy-pelosi-rejects-stock-ban-congress-2021-12 +We don't have any furniture yet but we don't care if we have to sleep on the floor. We can actually cook food now that isn't garbage. No extra fees for our dogs either. The owner is a sweet old woman. I told her how hard it's been on us, she grabbed & hugged me. There are still good people out there who look at you as a person, not just dollar signs. +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/) +What will be the percentile gain for the top gainer tomorrow market close (June 11 4;00pm)? We will be using NYSE/Nasdaq for reference. + +[View Poll](https://www.reddit.com/poll/nwxjub) +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) +Whenever someone says their wage is $100k+ I’m always curious as to what their job is. I expect to hit that figure within a couple of years, but damn it’s been a long hard journey. +"If it's too good to be true, then it's too good to be true" + +&#x200B; + +I've been doing this for almost a year now, and I can have a few strategies that are profitable (CAGR >40% w/ sharpe ratio > 1.5 over a decade). This probably isn't anything compared to what some of you all can make, but it is significant for me. This data is coming from quantconnect's backtester, which takes into account slippage, fees, etc. + +&#x200B; + +But that had me thinking--what's the catch? Why isn't everyone doing this? Why were any of these sites (quantconnect, quantopian, etc) even created in the first place? If these educators know so much about financial markets and can teach creating successful strategies, why are they wasting their time when they could be making the strategies themselves? What am I missing? +I’m 26 and outside of my retirement assets I have crossed $100/mo. in passive income! I’m closer to quitting my job. I have approximately $12k invested ($5k in QYLD, $5k in NUSI, and 2k in JEPI). + +Outside of that I have $17k in FSR that I’m using as a speculative bet (hopefully it pays off) but I also have $1k in SCHD (hoping to get that to $5k by end of July). + +I’m hoping to build a new position of a dividend payer in $5k chunks. If you have any recommendations on any good ETFs I’m all ears. + +Overall I’m 60k net worth at the moment. +I know some of you don't fully understand nft's but run with me here: Each time an nft gets sold from my game on a secondary market, 4% of the price is taken by the market, and 5% comes back to my company. We're not even in the top 30 games on our blockchain and still average $7,000 per month in our secondary market fees. Some of the big players get $2 mil + per year on wax, and wax has tiny games compared to multi billion (yes, with a b) valued nft games like Illuvium, Star Atlas, or Axie Infinity (and many others). Imagine how much the market is taking as their fee here, and it's almost all profit for them. + +Now, I've heard a lot of talk of memes as nft's, and I hope it works out for you guys, but currently gaming is my focus. Nft marketplaces are generally split by chain... If a big player came along and unified the audience as THE safe place to buy gaming nft's on any chain, it'd be a market shifting move. It'd also be a fortune maker. With names like atomic hub, open sea, simple market and many others, how do you know who you can trust at the moment? It's just Google and hope. If only there was a games company with worldwide brand recognition moving into the nft marketplace... + +So as soon as the submission form opened, I signed my company up for their marketplace - because if I make nft games and they have an nft marketplace, I'd be crazy to not want to be part of it. I won't be the only established company doing it either. It's mainstream adaptation, and the company who achieves that first is going to the moon. +Just found this fun little nugget in the FINRA violation database: [https://www.finra.org/sites/default/files/fda\_documents/2015044227201%20Barclays%20Capital%20Inc.%20CRD%2019714%20AWC%20gg.pdf](https://www.finra.org/sites/default/files/fda_documents/2015044227201%20Barclays%20Capital%20Inc.%20CRD%2019714%20AWC%20gg.pdf) + +https://preview.redd.it/fcdtf5ocwu891.png?width=764&format=png&auto=webp&s=17827c7d383b452cd5319cb89b4a97782d9d6971 + +**What Is a Not-Held Order?** [A not-held order](https://www.google.com/search?q=what+are+%22not+held%22+orders&rlz=1C1ONGR_enUS1012US1012&oq=what+are+%22not+held%22+orders&aqs=chrome..69i57j0i512j0i15i22i30j0i22i30l7.3665j0j7&sourceid=chrome&ie=UTF-8\) **gives a broker the time and price discretion to seek the best price available**. The broker is not held responsible for any potential losses or missed opportunities that result from their best efforts. + +[Covered order definition](https://www.sec.gov/rules/final/34-43590.htm) + +I mean...what else is there to say? Fuck em. +Can we all agree that all of the stupid clickbait articles using identity politics have no place on this sub? Mods don't seem to care anymore but for weeks now I see post after post that feel like they belong in /The\_Donald and are simply posted in a sad attempt to push a narrative. Anyone else noticing the same thing? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I’ve been with this company for 11 years. We started to really struggle during the pandemic and so the owner decided to ditch the CPA at the beginning of April 2020. He has been paying me post tax since then but not paying taxes at all. When he came to find out he not only owes the taxes for both of us but also penalties the accountant told him he could make me a 1099 employee for the last 3 quarters of 2020. How does this help/hurt me and am I liable to endure any consequences from this going forward if I were to agree? +Edit: The future value after 35 years from $349K is ~$2,684,681 + +Edit 2: Max out your HSA if your employer offers it and if you're healthy. That money helps when you're old and when you really need healthcare. + +You will be set for retirement after 10 years of hard work! I would at least continue to contribute enough money to get the employer match for 401k and Roth is tax-free investing. It would be a good idea to continue to work until you're 65 when you're eligible for Medicaid because paying for Healthcare yourself is extremely costly. + +It helps to stay over your folks' place for a while. Staying over their place may not be pleasant, but it beats working at Home Depot when you're old and you're forced to stay late without OT because your supervisor wanted to do your performance evaluations. + +I wish I started on this path many years ago. I slumped hard for 6 years after college, now I’m maxing out since last October. + +Compounding interest is your friend! + + + +http://www.moneychimp.com/calculator/compound_interest_calculator.htm + +The point is to make the best decisions you can early on. The money you put in the first 10 years is worth more than the amount you put in the next 30 years. +I’ve been actually really profitable since start of this year and have no idea how to tackle this tax shit. I’m a new investor too so, can someone help me out with some tips that actually helps reduce or avoid paying lump sums of tax. I’ve run numbers based on marginal tax and as an example I’ve used 500k CGT, if that’s how much you made you’d have to pay 200k tax! WTF IS THIS REALLY HOW IT IS?? +My question is based on the following quote from a 2018 [article](https://www.scientificamerican.com/article/the-american-economy-is-rigged/?) in Scientific American: "In the U.S., those at the top pay a smaller fraction of their income in taxes than those who are much poorer." How is that possible? +Hi. I am very interested to find out how global finance and economics work. Like, I am interested with how decisions (govt action or banks action) can steer the economy. + +For example, here is a quote from a recent Economist article "Why zero interest rates might lead to currency volatility" + +"It is natural to think that if interest rates are glued to their effective lower bound, exchange rates will be similarly stuck. An axiom of foreign-exchange analysis is that shifts in policy rates, or in expectations of policy rates, drive currencies up and down. Yet a zero-rate world might plausibly imply more currency volatility. There is little scope for interest rates to adjust to economic trouble. So something else must. The exchange rate is the likeliest candidate." + +I do not get it. Can you guys recommend me some books or anything so that I can have a good foundation and be confident enough to come up with my arguments on issues like this. + +Thank you! + +Edit - To add to this, I'd like to know if there are case studies out there . For example what's going to happen if the govt increases/decreases interest rate, bond yield rate, fiscal stimulus, increase/decrease money supply, downgrade the currency. Like what are the different tools and how they affect the economy when tinkered with. + +Edit 2 - Thank you so much for the replies guys. I'll check out each and every comment . I am not a beginner but I'd like to dig deeper. Also, I am an electrical engineer so I find it fascinating that Raghuram Rajan became such a highly distinguished economist even though he had a BS in Electrical Engineering. +Curious what the peanut gallery thinks. Is this de facto property appropriation by capping owner rental income increases (as expenses inflate)? Not uncommon for an Oakland apartment owner to have a $2000 market rate unit renting for just $1000 due to having a long-term tenant in a rent controlled unit. Oakland’s anti-landlord politicians, will now only allow a $30 monthly rent increase on this unit. + +CPI Announcement Update: The Oakland City Council has adopted an amendment to change the formula used to calculate the annual allowable rent increase to 60% of the change in CPI, or 3%, whichever is lower. Effective August 1, 2022, the new maximum annual CPI rent increase is 3%. +My mate goes into her account and is about to buy another share of GME and notices this: + +https://preview.redd.it/31faaek4mie91.jpg?width=899&format=pjpg&auto=webp&s=5e40d36a9ff58954cf2403c26ad151d884c53786 + +What's that you might ask? + +Look closer. + +https://preview.redd.it/cirshkqoqie91.png?width=348&format=png&auto=webp&s=fa73316307361944d8eb6a92b76fe272797df057 + +You're probably thinking to yourself, where have I seen this before. I got you there bro: + +u/StupidMonsters + +[**https://www.reddit.com/r/Superstonk/comments/wb19r2/wtf\_is\_happenening\_ibkr\_removed\_my\_splividend/**](https://www.reddit.com/r/Superstonk/comments/wb19r2/wtf_is_happenening_ibkr_removed_my_splividend/) + +u/Fit_Cryptographer_96 + +[**https://www.reddit.com/r/Superstonk/comments/wayyix/the\_ibkr\_saga\_continues\_i\_woke\_up\_to\_being\_short/**](https://www.reddit.com/r/Superstonk/comments/wayyix/the_ibkr_saga_continues_i_woke_up_to_being_short/) + +These are just two examples of, I'm sure, many other instances (**please** **check your accounts**) + +So of course she messages IBKR and they openly tell her that a short position on her account has magically happened due to 'corporate action': + +https://preview.redd.it/9tp27j27fie91.jpg?width=2242&format=pjpg&auto=webp&s=aebb12dbd3d142d89bff0410cc6947bc238a5ad8 + +Dramatic close up: + +https://preview.redd.it/gxzfcfdbgie91.png?width=980&format=png&auto=webp&s=784a894e39dbfc4c8d47af6633ee177da70a2fd2 + +For reference, the purchasing timeline for my friend is as followed: + +&#x200B; + +* 11th July - Open account, 1 GME share purchased +* 14th July - 1 GME share was requested to be DRS’d +* 20th July - 1 GME share arrives in Computershare, leaving IBKR + +*\*\*22nd July - Stock split dividend is issued, but at this time, no shares remain in her brokerage account or can be split so how can this be affected by 'corporate action'.* + +* 26th July - 1 GME share brought, as currently settling in IBKR (ready for DRS) +* 29th July - Short position has been created (by IBKR, without clients prior knowledge or consent) for -3 GME shares. + +&#x200B; + +So this is in no way possible, right? She's got a **cash account** and is a long term value investor. There weren't even any GME shares in her account during the dividend - look at the timeline! She's come to me for help, so we're attempting to reach IBKR to see what they have to say about this. + +They've so far logged us out twice, shut down a conversation with this pop up and now they won't connect us to an advisor at all. + +https://preview.redd.it/wm3etyrrfie91.png?width=1138&format=png&auto=webp&s=561574b0db5df08ba012fbb9dc05e3357e845320 + +Will update as more progress occurs but there's some serious fuckery here people. **Check your accounts.** + +EDIT: + +Speaking to a customer advisor now (I'm helping my mate) - will post update shortly. + +https://preview.redd.it/k4a931tukie91.png?width=1860&format=png&auto=webp&s=58ecb37d7f8286344a3100fe6d79655402b3f2ab + +https://preview.redd.it/cw4ctcfelie91.png?width=1846&format=png&auto=webp&s=2baa7860d9c7b5488f4bc28a169ec32f50222c8b + +Note how they say others were affected by this. I wonder just how many.... I'm inclined to think A LOT. + +Still waiting... + +**UPDATE**: + +**They have removed the short position**. Asked them why they were there in the first place, and what excuse they come up with since 'corporate action' isn't really flying. + +https://preview.redd.it/hk2epkannie91.png?width=1008&format=png&auto=webp&s=b5aebc544cd51af4f1f9e09b74abfc5892c096ef + +I'll let you know what they say. + +**UPDATE (Final)**: + +They didn't want to answer the question, surprising that. + +https://preview.redd.it/lhm3rreooie91.png?width=1004&format=png&auto=webp&s=3c3c69831ee5a551203d619f3b00a50cc0501c5f + +**EDIT**: + +Adding in here - Queen of the Apes, Dr. Susanne Trimbath herself shares her thoughts, as below: [https://www.reddit.com/r/Superstonk/comments/wbesg3/those\_who\_suddenly\_have\_short\_positions\_in\_their/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/wbesg3/those_who_suddenly_have_short_positions_in_their/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/ej0vcqvyvke91.png?width=938&format=png&auto=webp&s=601b381b6fbd3ce91cd17cf2a7546e80ca1c4eca + +"**Wait,...what?** + +**You had 1 phantom share for which broker did not get any split shares. So, they marked your account as owing them 3 shares?🥴 Seems that "short" is internal to them, & should never have shown on customer statement. But, "it happened" & you have the document**." + +Can anyone smell panic? +I am a complete novice in Econ. I am from India and my awareness about Zillow came yesterday when I was hearing a podcast called "Finshots Daily" (Indian) where it explained how Zillow was using algorithms, AI and advanced stuff to predict prices but ended up losing 500 million US dollars and firing 2000 employees. + +I have asked on this sub before about how effective the Mathematical side of Economics is (I heard of Econ from being involved in Politics and knowing how Austrian school rejects Maths completely in Economics saying it has no ability to predict humans) and the response I got was positive - that Math is just a tool, that it can be effective in cases like Renaissance Tech, that Economics isn't just about Macroeconomic forecasting, etc. + +But now we have this - a firm using the latest technologies, the most advanced knowledge of Economics, Finance, Maths and Data Science, and still losing so much money. Should we start looking for alternative approaches to Economics? I heard that after 2008 Recession, mainstream Economics was heavily criticised and modified. Does it need a complete overhaul and a completely new approach? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + +I know that my family is fortunate and we have weathered the pandemic better than most. I often choose to have food and groceries delivered to my house, so this holiday season I committed to leaving really large tips for the delivery drivers. When I place the order, I enter a normal tip and then after delivery I increase it to at least $50. The work they are doing is not always easy, and I hope I can make someone’s day and contribute to them having a happier holiday season! + +Edit: Thank you for the awards! + It's been about two weeks now since I initially shared with you a tool that I had made in order to quickly buy into a new coin listing to take advantage of the initial surge in the price. + +I've spent the past two weeks, debugging, fixing and optimising this code to get it to a level where it actually works. It's been a challenge to test since I have to wait for a new coin order and then check if it broke or not, but I think I finally got there. + +Before I go explaining how the tool works, let me explain why I think that this particular strategy has some potential: + +As some of you may have noticed, many coins seem to go through to what I would like to call a "lightning-pump" during their first few seconds of being listed on an exchange. + +Have a look at ICP: + +https://preview.redd.it/t4v9v0a2m3k71.png?width=2650&format=png&auto=webp&s=8f8cae249025e9dc832036e275dcf30beeaf3aab + +In under a minute, the price of ICP shot up over 10 times, before slowly dipping into the void. Manually trading this 10x would be impossible, due to the speed required to catch this pump. + +So I started building a bot that would detect new coin listings in about 20 seconds of them being listed on Binance. + +It soon became quite clear that 20 seconds is way too slow to take advantage of the pump so I had to make it quicker. + +The second improvement enabled the trading algorithm to find a new coin and place a buy order in about 5 seconds. This was better but not great. + +Finally, I decided to remove all the breaks and just call the Binance API like crazy. Full steam ahead. + +The bot is now able to detect a new coin listing in 0.3 seconds and place an order. There haven't been any new coins listed after I made this improvement so I will let it run and share my results once I have them. + +I've also fixed any bugs that were caught by some of you that decided to test this out so thanks for that! + +For anyone interested in trying it out, I've included a test mode that will simulate placing orders so there's no risk involved. + +**For the GitHub source code please go here:** + +[https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins](https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins) + +If you have any ideas on how to improve the stability or the speed of the code, please feel free to submit a PR. +I’m trying to escape the scam artists flooding in. This seems like the last refuge for those fleeing shitposters and stock pumpers. Does anyone know any other subs where the r/pennystocks and wsb veterans might be moving to? Thanks lads! Canadian btw:) +I'm a top level exec at a company valued in the billions and am responsible for roughly half the business. I am well on my way to fatFIRE after reaching FI a few years ago. My issue is I don't take my job nearly as seriously as I feel I should. After doing the career grind to get here and taking every step very seriously, now there's nowhere else to go. Without that next thing to achieve, I've lost the drive. This results in treating what should be a very serious position too casually. I still like my job, the autonomy and authority is great, board and owners are as good as I could ask for - but I feel like I'm missing something, and maybe because of that I'm the wrong person for the job. + +Wanted to check here: does anyone else have the same issue once you achieved what you thought you wanted? +With so much uncertainty right now it would be a good time to take some time to go over what happened recently and how to invest moving foward. We've seen a peak bubble at around 850 billion total market cap in the first week of January, consolidated down to $750 billion and have now just experienced a 40% correction. + +#What's happening now and how bad will it get? +---------------------------------------------------------------------- + +First of all you should realize that there is a [January Dip that happens every year, when we see a roughly 20-30% decline around mid January](https://i.imgur.com/VXEHw0W.png). This year its been much more severe though for several additional factors that have compounded on top. + +Different theories exist on why this happens (its actually the mirror opposite of the "January Effect" that happens in the US stock market), but the two major theories are: + +1) Asian markets pull into fiat because of Asian New Year spending needs + +2) People in the US sell in January to defer their capital gains tax liability an extra year + +While this cyclic event has lead to a healthy correction in the last few years, this year we got these new factors making more fear as well: + +* [Yet more scary news on China cracking down on crypto exchanges](http://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/) + +* [Korea regulatory uncertainty](http://www.bloomberg.com/news/articles/2018-01-16/cryptocurrencies-resume-slide-as-bitcoin-tumbles-to-december-low) + +* [European governments talking about regulations](http://news.yahoo.com/rule-bitcoin-must-global-germanys-central-bank-says-154144224--business.html) + +* [BTC futures contracts are now expiring this week](http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_settlements_futures.html), and possible manipulation there with contract hedging pushing the price down + +* Bitconnect Ponzi finally collapses + +* We had a new breed of speculators come in during the November/December timeframe after media made cryptocurrency mainstream following the Bitcoin 10K landmark. While cryptocurrency markets have always had too much hype, the latest rise wasn't just over-enthusiasm in fundamentally sound cryptocurrencies like Monero and Ethereum, but mass inflows of fiat into vaporware and complete nonsense without any use case. Many people came in to essentially gamble on symbols on an exchange, and are thus short term oriented and quick to sell on any slight downturn, which such further adds to selling pressure. + +So in essence we got a storm of scary news along with the usual cyclic downturn. Currently I don't see this as being a systematic crash like Mt.Gox was that would lead to a long term bear market because the fundamental ecosystem is still intact, and I suspect that after about a month we should consolidate around a new low. All the exchanges are still operational and liquid, and there is no breakdown in trust nor uncertainty whether you'll be able to cash out. What range the market trades in will all depend how Bitcoin does, right now we've already broken below 10K but I'm seeing a lot of support at around $8000, which is [roughly where the long term MA curve settles](https://i.imgur.com/kKVsoUt.png). I don't expect us going below that support line anytime soon without any systematic breakdown. The fact we got closer to it is actually quite healthy in the long term because [it is a valuation that can be logically justified using the cost factors of the mining network.](http://np.reddit.com/r/CryptoCurrency/comments/7n47be/i_built_these_3_fundamental_valuation_models_for/) In addition when I run a regression on the price history before the crazy Nov/December bull run, [the first Fibonacci level seems to be just around $8000](https://i.imgur.com/L6aDQRG.png). So I think we should consistantly move above that support level, possibly with a few weeks of fluctuations between the $9-$13K range. + +**What should you do if you recently entered the market?** + +If you did buy in the last few months at or near ATH, the very worst thing you can do now is sell in panic and lose your principal. You shouldn't have more money in crypto than you can afford to lose, so it shouldn't be a problem to wait a few months. You have to realize that 30% corrections in crypto are relatively common, just last fall we had a 40% flash correction over more China fears. Unless there is a systematic breakdown like we had during Mt.Gox, the market always recovers. + +The other worst thing you can do is unload into Tether as your safety net. If there is one thing that could actually cause a long term destruction of trust within the cryptocurrency investment ecosystem, its Tether having a run up on their liabilities and not having enough reserve to cover the leverage. It would not only bring down exchanges but lead to years of litigation and endless media headlines that will scare off everybody from putting fiat in. I don't know when the next Mt.Gox meltdown will occur but I can almost guarantee it will involve Tether. So stay away from it. + +**What should long term investors do?** + +For long term holders a good strategy to follow each year is to capture profit each December and swallow the capital gains taxation liability, park a reserve of fiat at Gemini (whose US dollar deposits are FDIC-insured) and simply wait till around late January to early February to re-enter the market at a discount and hold all year until next December. You can keep a small amount in core coins in order to trade around various Q1 opportunities you anticipate. Others may choose to simply do nothing and just keep holding throughout January which is also a perfectly fine strategy. The cyclical correction usually stabilizes toward late January and early February, then we see a rise in March and generally are recovered by end of April. Obviously this decision whether to sell in December to profit on the dip and pay tax liability or to just hold will depend on your individual tax situation. Do your own math sometime in November and follow suit. + +#How to construct your portfolio going forward +---------------------------------------------------------------------- + +Rather than seeing the correction as a disaster see it as a time to start fresh. If you have been FOMO-ing into bad cryptos and losing money now is a time to start a systematic long term approach to investing rather than gambling. + + +**Follow a methodology for evaluating each cryptocurrency** + +---------------------------------------------------------------------- + +Memes and lambo dreams are fun and all, but I know many of you are investing thousands of dollars into crypto, so its worth it to put some organized thought into it as well. I can't stress enough how important it is to try and logically contruct your investment decisions. If you follow a set methodology, a checklist and template you will be able to do relative comparisons between cryptocurrencies, to force yourself to consider the negatives and alternative scenarios and also sleep comfortably knowing you have a sound basis for your investment decisions (even if they turn out to be wrong). + +There is no ideal or "correct" methodology but I can outline mine: + +**1) Initial information gathering and filtering** + +Once I identify something that looks like a good potential investment, I first go to the CoinMarketCap page for that symbol and look at the website and blockchain explorer. + +* Critically evaluate the website. This is the first pass of the bullshit detector and you can tell from a lot from just the website whether its a scam. If it uses terms like "Web 4.0" or other nonsensical buzzwords, if its unprofessional and has anonymous teams, stay away. Always look for a roadmap, compare to what was actually delivered so far. Always check the team, try to find them on LinkedIn and what they did in the past. + +* Read the whitepaper or business development plan. You should fully understand how this crypto functions and how its trying to create value. If there is no use case or if the use case does not require or benefit from a blockchain, move on. Look for red flags like massive portions of the float being assigned to the founders of the coin, vague definition of who would use the coin, anonymous teams, promises of large payouts...etc + +* Check the blockchain explorer. How is the token distribution across accounts? Are the big accounts holding or selling? Which account is likely the foundation account, which is the founders account? + +* Read the subreddit and blogs for the cryptocurrency and also evaluate the community. Try to figure out exactly what the potential use cases are and look for sceptical takes. Look at the Github repos, does it look empty or is there plenty of activity? + + +**2) Fill out an Investment Checklist** + +I have a checklist of questions that I find important and as I'm researching a crypto I save little snippets in Evernote of things that are relevant to answering those questions: + +* What is the problem or transactional inefficiency the coin is trying to solve? + +* What is the Dev Team like? What is their track record? How are they funded, organized? + +* Who is their competition and how big is the market they're targeting? What is the roadmap they created? + +* What current product exists? + +* How does the token/coin actually derive value for the holder? Is there a staking mechanism or is it transactional? + +* What are the weaknesses or problems with this crypto? + + + +**3) Create some sort of consistent valuation model/framework, even if its simple** + +I have a background in finance so I like to do Excel modeling. For those who are interested in that, this [article is a great start](https://hackernoon.com/the-7-things-you-need-to-know-from-the-valuing-cryptocurrency-conference-call-c238095a03b9) and also Chris Burniske has a great blog about using Quantity Theory of Money to build an equivalent of a DCF analysis for crypto. + +[Here is an Excel file example of OMG done using his model](http://docs.google.com/spreadsheets/d/1FvYGe0TA-rZR00iAV2PDI-B9zba6GpEG1FodECWJDys/edit). You can download this and play around with it yourself, see how the formulas link and understand the logic. + +Once you have a model set up the way you like in Excel you can simply alter it to account for various float oustanding schedule and market items that are unique to your crypto, and then just start plugging in different assumptions. Think about what is the true derivation of value for the coin, is it a "dividend" coin that you stake within a digital economy and collect fees or is it a currency? Use a realistic monetary velocity (around 5-10 for currency and around 1-2 for staking) and for the discount rate use at least 3x the long term return of a diversified equity fund. + +The benefit is that this forces you to think about what actually makes this coin valuable to an actual user within the digital economy its participating in and force you to think about the assumptions you are making about the future. Do your assumptions make sense? What would the assumptions have to be to justify its current price? You can create different scenarios in a matrix (optimistic vs. pessimistic) based on different assumptions for risk (discount rate) and implementation (adoption rates). + +If you don't understand the above thats perfectly fine, you don't need to get into full modeling or have a financial background. Even a simple model that just tries to derive a valuation through relative terms will put you above most crypto investors. Some simple valuation methods that anyone can do + +* [Metcalfe's Law](https://en.wikipedia.org/wiki/Metcalfe's_law) which states that the value of a network is proportional to the square of the number of connected users of the system (n^2). So you can compare various currencies based on their market cap and square of active users or traffic. + +* Another easy one is simply looking at the total market for the industry that the coin is supposedly targeting and comparing it to the market cap of the coin. Think of the market cap not only with circulating supply like its shown on CMC but including total supply. For example the total supply for Dentacoin is 1,841,395,638,392, and when multiplied by its price in early January we get a market cap that is actually higher than the entire industry it aims to disrupt: Dentistry. + +* If its meant to be just used as just a currency: Take a look at the circulating supply and look at the amount that is in cold storage or set to be released/burned. Most cryptos are deflationary so think about how the float schedule will change over time and how this will affect price. + +Once you have a model you like set up, you can compare cryptos against each other and most importantly it will require that you build a mental framework within your own mind on why somebody would want to own this coin other than to sell it to another greater fool for a higher price. Modeling out a valuation will lead you to think long term and think about the inherent value, rather than price action. + +Once you go through this 3-step methodology, you'll have a pretty good confidence level for making your decision and can comfortably sit back and not panic if some temporary short term condition leads to a price decrease. This is how "smart money" does it. + +**Think about your portfolio allocation** + +---------------------------------------------------------------------- + +You should think first in broad terms how you allocate between "safe" and "speculative" cryptos. + +For new investors its best to keep a substantial portion in what would be considered largecap safe cryptos, primarily BTC, ETH, LTC. I personally consider XMR to be safe as well. A good starting point is to have between 50-70% of your portfolio in these safe cryptocurrencies. As you become more confident and informed you can move your allocation into speculative small caps. + +You should also think in terms of segments and how much of your total portfolio is in each segment: + +* Core holdings - BTC, Ethereum, LTC...etc + +* Platform segment - Ethereum, NEO, Ark...etc + +* Privacy segment - Monero, Zcash, PivX..etc + +* Finance/Bank settlement segment - Ripple, Stellar...etc + +* Enterprise Blockchain solutions segment -VeChain, Walton, WABI...etc + +* Promising/Innovative Tech segment - Raiblocks, IOTA, Cardano...etc + +You should also think about where we are in the cycle, as now given so much uncertaintly its probably best to stay heavily in core holdings and pick up a few coins within a segment you understand well. If you don't understand how enterprise solutions work or how the value chain is built through corporations, don't invest in the enteprise blockchain solutions segment. If you are a technie who loves the technology behind Cardano or IOTA, invest in that segment. + +**Think of your "circle of competence"** + +---------------------------------------------------------------------- + +This is actually a term Buffet came up with, it refers to your body of knowledge that allows you to evaluate an investment. Think about what you know best and consider investing in those type of coins. If you don't know anything about how supply chains functions, how can you competently judge whether VeChain or WaltonChain will achieve adoption? + +This where your portfolio allocation also comes into play. You should diversify but really shouldn't be in much more than around 12 cryptos, because you simply don't have enough competency to accurately access the risk across every segment and for every type of crypto you come across. If you had over 20 different cryptos in your portfolio you should probably think about consolidating to a few sectors you understand well. + + + +**Continually educate yourself about the technology and markets** + +---------------------------------------------------------------------- + +If you aren't already doing it: Read a bit each day about cryptocurrencies. There are decent Youtubers that talk about the market side of crypto, just avoid those that hype specific coins and look for more sceptical ones like CryptoInvestor. If you don't understand how the technology works and what the benefits of a blockchain are or how POS/POW works or what a DAG is or how mining actually works, learn first. If you don't care about the technology or find reading about it tedious, you shouldn't invest in this space at all. + + + + +**Technical analysis isn't that useful over the short term in crypto, so stop daytrading** + +---------------------------------------------------------------------- + +Technical analysis was initially developed by financial professionals primarily to measure momentum based on historical data. It can be useful in regulated efficient stock markets for a very good reason: patterns are fairly predictable in stocks since they are a result of intrinsic events (such as quarterly earning reports) or extrinsic events (interest rate change announced). Its true that we also have movement that is based around insider information, however we have laws that keep that to a minimum. Add to this the fact that most stocks are held with large institutional investors and bought and sold by financial professionals who slowly add and decrease their position over long term plans, which is why its rare for the wild swings within short periods. These different intrinsic and extrinsic events all have a correlation in price, and because the markets are regulated and efficient we can use them to predict movement within a reasonable degree of confidence. + +None of this is true for crypto. Its completely unregulated and insider trading and PnD schemes are rampant. No technical analysis in the world takes into account that all it takes for a crypto to double is John McAffee to post a single sentence about it on Twitter, or a sub of a smaller crypto to organize a shilling operation on /r/CryptoCurrency. Its also filled with weak hands who will dump on any sign of sellling pressure. + +This is why trying to use technical analysis tools from the stock market for short term trading in crypto isn't that useful. Technical analysis was meant to predict pricing movement in a regulated and efficient environment. + +So stop daytrading. If you use technical analysis, use it for long term trend confirmation. Any attempt to trade short term based on price momentum is pure gambling. If you want to gamble get a girl and some friends and go to a casino and drink while you do it, its much more fun. + + + +#Summing it up + +---------------------------------------------------------------------- + +I predicted a few days ago that we would have a major correction in 2018 specifically in the altcoins that saw massive gains in Decemeber/early January, and it seems we've already had a pretty big one. I don't think we'll have a complete meltdown like some are predicting, but some more pain may be incoming. + +Basically take this time to think about how you can improve your investment style and strategy. Make a commitment to value things rather than chasing FOMO, and take your time to make a decision. Long term investment will grant you much more returns as will a systematic approach. + +Take care and have fun investing :) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Obligatory smooth brain disclaimer. + +I have watched from the sidelines all year. Now though, I’m seeing mentions of the RRP in multiple financial subreddits. The president of the NYSE has basically admitted that there is market manipulation happening. And at the end of this month the mortgage relief ends. + +I was up all night and now today reading and reading. Holy fuck. MOASS isn’t just a play around one stock anymore. It’s now EVERYTHING. + +Just became a shareholder. This is bigger than Shitadel. This is the entire economic system. I bought my shares and this is my hedge. Thanks for having me. + +Edit: RIP inbox. + +A lot of people are asking what made me hop on the rocket ship. It was really a smattering and I can’t find them all but here were my big catalysts. + +1. This one I spent so long in. Googling terms. Rereading to understand. I sent this one to my dad today and told him to have at least 30 minutes to dig through. + +https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/ + +2. This was just shocking to hear + +https://www.reddit.com/r/Superstonk/comments/o25oi1/nyse_president_admitted_dark_pool_exchanges_are/ + +3. And this was a treasure trove + +https://www.reddit.com/r/Superstonk/comments/nyvlws/as_a_new_returning_ape_i_always_saw_read_the_dd/ +Lets assume some stuff first: + + +* You are in your mid 20s, you never get sick, your last bed-ridden desease was a fever in 2012. And yes, accidents may happen but also, you only get the eventual flu and never lasts more than a couple of days. You are a goddamn tank in terms of health. +* Your only "luxurious" need is internet to work from home. +* You only need a roof, a bed, and just enough food to prevent you from dying of starvation. +* You don't need to socialize at all, you have proven that you can live without physical human contact for years, unless is necessary (workplace). +* You don't need a car or even public transportation if you can walk to purchase only the necessary for survival. +Comparing all the FAANG stocks it seems that GOOGL and FB are fairly valued compared to everything else. I guess FB is spending alot of Capex on their Metaverse idea and there no guarantee its a big hit. However, what are your guys thoughts on GOOGL at these $2850-2950 levels. + +We have Google Maps, Play, Search Engine, Youtube to name a few and their cloud segment which has been lagging compared to Azure/AWS but still growing at an incredible pace at 45% this year in the past quarterly report. Its not going to double overnight obviously but I see it beating the SPY for the time being. The only thing I see stopping this company is monopoly/anti-trust issues. +I (25F) got a $4/hr pay increase over 6 months. I am up to $22/hr now. I did some rough calculations (my paydays x4, plus $225 insurance bonus). I'm only up $200 monthly than I was before those $4. Now I only make $1k more for yearly salary which is $33k. Is this some sick joke? + +My company is forcing everyone to put up to 10% of their salary into their retirement (25% match). And next year I will have to get my own health insurance. I won't see any of that increase. + +But in my paystub, it looks like I am projected to make $10k more yearly ($55k from $43k). Am I missing something here? Where is that money going? + +EDIT: I will post my paystubs (before and after) once I get home, I don't have them with me at work. + +I think the $43k-$55k yearly is before taxes. I work 40hrs a week with a couple hours overtime each week. The $200 increase per month is only from $2/hr. I looked at my finances after the first $2/hr raise in January this year. So essentially double that for $4/hr as of end of July. + +The 10% retirement contribution has not fully kicked in for me yet. I am contributing $64/w currently. Every year they will bump up the percentage by 2% until I max at 10% + +Sorry I don't have much time to answer replies at work on my breaks. I hope this clarifies some things. +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) +Well, it didn't happen exactly how I envisioned it, but my wife and I are semi-retiring. I've worked for a startup for the past several years but they are cutting costs and shifting directions and I just don't have it in me to see that through over potentially several more years. Plus most of my stock options are vested and exercised so I've already captured most of the upside. My wife isn't thrilled with her job either and our lease is ending so we decided the time was right to leave. We are very lucky to be able to live for a while in her parents' vacation home that they don't use any more and sits empty 95% of the year, so we won't have to pay rent. + +Our current combined net worth is about $1.65 million. However, about $100k of that is illiquid startup stock. It also includes a rental property in a HCOL area with a value of close to $900k but a mortgage of close to $400k. The rest is cash and investments. Ignoring the startup stock and subtracting $125k for closing costs and taxes on selling the rental property (which we plan to do in the next few years), that gives FIRE assets of about $1.4 million. We were hoping to get closer to $1.6 million because at a 3.5% withdrawal rate we should be able to spend $40k per year indefinitely and still have ~$400k to buy a house in a MCOL area. + +I was initially planning to do part-time contract work for my startup, but they offered a low rate (below my current effective rate) and refused to negotiate, so out of principle I decided to pass. But I'm confident I can fairly easily pick up a decent amount of consulting work through various contacts in my field. This should help bridge the gap until I'm sure we can fully retire. + +Ignoring housing, we currently spend about $15k/year, so I have no doubt we'll be able to support that and continue saving. Health insurance is a big question mark, but we are both relatively healthy and I'm less pessimistic than many on this sub. Our unsubsidized premiums will be about $7-9k/year for a bronze plan. Of course, if our income ends up low enough, we should get subsidies. + +I'm very excited for this next phase in our lives. As long as I've been working, I've felt like I'm very efficient, and when I get my work done for the day I want to go home and relax instead of having to come up with stuff to do, or worse, try to look busy. On the other hand, I can't say I'm not at least a little anxious about not having somewhere to go every weekday, and the structure that instills. I don't necessarily have huge plans for all the newfound free time, but I'm hoping to get more exercise (including taking up biking), read, and finally watch some movies that I've been meaning to for a while. I'm also very excited about being able to hike or go to the grocery store in the middle of a weekday! +What's interesting here is, this is an annual test which was last completed 24th Aug20, this test has effectively been brought forward to 26th April 21. The 2019 test was conducted on 26th Aug 2019. I feel it adds to the general conscious that something is brewing behind the scenes relating to leverage. + +Capped Contingency Liquidity Facility (“CCLF®”) is an integral part of the Fixed Income Clearing Corporation’s (“FICC”) role as central counterparty under the Government Securities Division (“GSD”) and the Mortgage Backed Securities Division (“MBSD”). On an annual basis, FICC conducts a mandatory CCLF test with all GSD Netting Members and MBSD Clearing Members in order to satisfy the requirements of a covered clearing agency with respect to its management of the liquidity risk + +**APR21 - notice to all members** + +[https://www.dtcc.com/-/media/Files/pdf/2021/4/20/GOV1082-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/4/20/GOV1082-21.pdf) + +**AUG20 - notice to all members** + +[https://www.dtcc.com/-/media/Files/pdf/2020/6/24/MBS861-20.pdf](https://www.dtcc.com/-/media/Files/pdf/2020/6/24/MBS861-20.pdf) +Throughout the lifecycle of bitcoin, I've heard this statement over and over again. "Bitcoin is gold for the 21st century"... "Bitcoin is protection against jpow's printer".... "Bitcoin prevents against USD debasement"... + +I have nothing against blockchain tech on its own. I think there are some wonderful aspects to the technology. With that said, the amount of narratives used to sell bitcoin to others that are just completely wrong on a variety of levels is getting to be rather stupid. And given today's selloff, it's a good opportunity to explain how the narrative is completely disconnected from reality. + +**Bitcoin As Inflation Protection = Bad Narrative** + +I have said for a long time that bitcoin is a RISK ASSET. It's yet another in a long line of strong performing financial assets that have done well in our environment of excess liquidity and low inflation. In this light, it's not that different from the growth investing asset class. + +If bitcoin actually served as any form of inflation protection, then why in the world did it tank 12% on the day that we got the highest YOY CPI print in over a decade? And nobody can argue that it was a product of interest rates rising... since they haven't risen in any significant way since that inflation print. And it's now tanked almost 40% at a time when you would expect any idea of inflation protection to be the strongest driver of the asset class. Something... doesn't add up here. + +Why make up incorrect beliefs to justify purchasing something, when there are perfectly reasonable bull cases to be made that aren't dependent on misleading people on the economics of inflation and "money printing"? And for whatever it's worth, Gold suffers from some of the same problems, although it obviously behaves a bit differently than crypto. + +**Bad Economic Narratives Dominate Bitcoin Beliefs** + +* How many times do people need to show you M2 charts before they actually take a minute and compare M2 to the actual inflation levels? Hint for those who aren't aware, growth in M2 is 100% meaningless if it causes an equivalent drop in the velocity of money. +* How many times do people need to call quantitative easing "money printing", without understanding how quantitative easing actually works? Hint: the "money printing" comes from temporary fiscal stimulus, not from the fed pushing reserves that are never used onto banks' balance sheets. +* How many times do people misunderstand that "asset inflation" (which is just another word for a bubble) is different than consumer price inflation? Hint: Real consumer price inflation is typically rather negative for more speculative risk assets (such as bitcoin). +* How many times do people need to suggest the US dollar is "getting killed" before they actually look at a price history chart of the US Dollar? Hint: the US dollar is more or less right in the middle of it's price range over the last 50+ years, is significantly higher than it was throughout the entire time period from 2005-2015, and hasn't even dropped that far this year despite the massive amount of stimulus + fed swap lines used since the Covid pandemic. You would think that if the US dollar was ***actually*** debasing, we would get more than a 5% drawdown during the largest stimulus package ever. + +&#x200B; + +My personal subjective opinion is that Bitcoin is yet another risk asset that benefits largely from too much money chasing too few assets. This IS actually in part a product of quantitative easing, but the irony here is that QE is not actually causing inflation. I think blockchain will likely be used in the future for a wide variety of uses, but I have no clue whether Bitcoin will serve any actual functions aside from speculative ownership. Note: I do not own any crypto or crypto-oriented stocks, so I don't have anything to either gain or lose here. + +And by the way, this is not intended as a bullish or bearish post on bitcoin. Just trying to debunk some of the very obviously incorrect narratives that have been sold to the public over the years. +Please help me, this subreddit has always given me hope that it is possible to rebuild but I don't know what to do anymore. I ask that you please provide sound advice to get through this and not scold me for my mistakes; I've had a couple nervous breakdowns this week. + +&#x200B; + +I left a job that offered me a promotion (to avoid burning bridges) because the company I interviewed with extended me an offer. The difference in pay between the two companies was roughly 30K and the role was a step in the right direction for me career-wise. + +&#x200B; + +I never thought my bad credit would get in the way of getting me a job and grossly assumed that because I don't have a criminal record that I would move forward. + +&#x200B; + +Long story short I hit a rough patch early in 2018 and wasnt able to pay my credit cards (they went to collections). I'm 30K in the hole in CC debt and 20K in student loans. Even though I knew this was ruining my credit I figured if I worked hard, pay for the essentials to live (rent,food, car insurance,utilities, medical bills) and land high paying job that I would be able to get back on track. + +&#x200B; + +I finally landed that job, accepted the offer only to be told a few weeks later that because of my credit history they would not move forward with me. This broke me. + +&#x200B; + +Not only did I leave a job that offered me a promotion but now I no longer have an income. I've already asked for my job back but have been told their isnt a spot for me there anymore. + +&#x200B; + +I've been aggressively applying to other jobs in hopes of finding something fast but also terrified that I will run into the same issue again. + +&#x200B; + +I have 4k left for me to survive. I started consulting again with a company I used to work with in the past (25 hourly) to earn some kind of income; the problem is that its only a few hours a week. + +&#x200B; + +I don't know what to do, and I'm getting desperate. +This happened in Toronto earlier this month. The Bank is CIBC. + +&#x200B; + +Yesterday I found out that I could not log into my mobile banking app and called their service number. I was told somebody walked into a branch with a fake ID and claimed he lost his debit card. Apparently the teller gave him a replacement and added a new contact number to the account. He withdrew 1000 dollar from ATM. He then went to money mart and try to get more cash which caused CIBC to trigger a fraud alert and locked the card. I have been overseas since August and won't be able to come back until next February. I have my debit card with me the entire time. Haven't receive any funny messages or emails. I was told a investigation case has been opened and I should call then back in 10 business days. Meanwhile a new debit card would be mailed to my current address (overseas). Once I have received it I can access online banking again. I am quite baffled by what happened. I have chequing, visa, mortgage and line with CIBC. Without online banking I could not access my accounts or even try to see if any other accounts have been compromised. Furthermore I do not know what kind of personal information has been leaked. Did the bad guys just know my name and address and then made a false ID and tried their luck at different banks? Or is there some other things they have got about me that made the teller believe he is the real deal? Btw I have an obvious Chinese name. Which might make impersonating me a possibility. + +&#x200B; + +Right now this seems surreal and I just have a lot of questions. Will I be liable about the $1000? Any further steps should I take to minimize other potential losses? Should I inform the police or is the bank doing that? Can I make a police report while overseas? Any advice is deeply appreciated. Many Thanks. +Hi everyone, + +It's been five months, and having just made my last PF donation to the Internet Archive, I figure it might be a good time to say farewell. + +I just want to thank everyone for supporting [this project](https://pineapplefund.org/). Thank you for all the charity suggestions, many of which were funded. Thank you for all the positive messages and love sent my way. And also, thank you, the Bitcoin and cryptocurrency community, for turning a Sourceforge project into a $0.5T industry. + +I kind of miss the old times when bitcoin was a small community, and you could count the number of 'altcoins' with one hand. Finding someone else who even *knows* about bitcoin was incredibly rare, and exchanges were semi-automated or running on PHP. + +Every development since then makes Bitcoin stronger and better at solving the problems of the existing financial and monetary system. It's created a new generation of crypto early adopters, cypherpunks or technologists using cryptography to change the world; and now having the power and responsibility of capital. + +5104 BTC was turned into $55 million for charities, from providing clean water, [open mapping](https://blog.openstreetmap.org/2018/01/11/donation-from-pineapple-fund/), to clinical trials of [MDMA as treatment for PTSD](https://www.nytimes.com/2018/05/01/us/ecstasy-molly-ptsd-mdma.html). + +Thanks for following along with this experiment. I'm going to say goodbye now, but maybe there's room for dessert in a few years. + +If you're ever blessed with crypto fortune, consider supporting what you aspire our world to be. :) + +♥, Pine +People like Peter schiff argue the importance of sound money and austerity. Most economist appear to disagree with this view but always seem to offer a convoluted dodgy answer. + +For example, the last question in yesterdays press conference was a very pointed question that mr Powell swept under the rug. He was asked if the FED was worried that all this money printing would inflate an asset bubble and wether this could exacerbate ineqallity. + +So why does noone seem to really want to talk about this stuff? + +In the year 2050 we might be at 100 trillion, am I to understand that thats fine? What is mr Powell thinking but not saying? + +So please, can someone explain to me what everyone seems to know but doesnt want to talk about. + +I genuinly worry that the real answer is something along the lines of: "The US is the worlds superpower and the dollar is the worlds reserve currency and thus we can flood the world with dollars. If they dont want them we will shove them down their throats anyway" +I just started dividend investing and I'm 14. I want to focus more on dividend growth more than the yield and I am wondering which companies have a good steady dividend growth rate. Thanks +Wow. If you just saw [that donation livestream](https://www.twitch.tv/videos/1022717076), then your brain is probably wracked with thinking about the potential of HappyCoin. + + +The **American Foundation for Suicide Prevention** is an absolutely monster partner and they just accepted a $50,000 donation from HappyCoin. For Mental Health Awareness month, that is a big big land as we head into mainstream adoption. + + +Think about this. If crypto is going into mainstream adoption, and DOGE is forever pumping, and charity tokens are for real, then where do you think **HappyCoin will be as the main charity token related to supporting mental health?** + + +Do not overthink this. This is is a once in a lifetime chance to jump on with something with real 100x potential. Pumping now to $70M as it **JUST got listed on CMC**, you are still so so early to an opportunity that could truly explode. + + +Don’t just think 10x to where Bonfire is with not nearly as much organization. Think even bigger than that. **This can get there.** + + +It’s only been a month and things are currently blasting past ATH again and **heading to nine figures**. Just think about a year. Hell, think about another month, with the doxxed lead dev not only in LA making big influencer connections right now, but still running this weekly donation livestream. + + +With the marketing campaign sure to ensue after a call that big, expect things to swell in the HappyCoin community. It gets more and more bullish by the day and as we rise up from this dip, the next leg looks primed and ready to come. + + +Seriously, this is about to be an exciting week and an even more exciting summer as mass adoption crawls closer and closer. With 55k holders, 100k is really right around the corner as this exponentially grows faster and faster. + + +Can you imagine what this market cap will be once that holder count is breached? + + +Yeah, me neither. + + +So jump on before it’s too late and you’re sad wishing you had more $HAPPY. If you want to get in on **the next ElonGate ($300M)** you’re going need to invest if you want your success to truly start now. + + +Website: https://www.thehappycoin.co/ +Long post ahead, but I encourage you to read the whole thing. *(This is a re-post and an updated version of a GME DD that reached the front page of WSB and many requested it to be pinned. I am re-posting for visibility and because I believe the message should be shared, particularly at this junction in time. If you've seen this post before, I would appreciate an upvote for visibility)* + +TLDR: **Data points strongly point to Hedge Funds using tricks to appear as if they covered their shorts when they haven't truly covered, specifically an illegal method/loophole to "cover" their shorts with synthetic long shares generated from the use of options**. Full details below. + +There’s an insightful piece on [TradeSmithDaily](https://tradesmithdaily.com/investing-strategies/the-drop-in-gamestop-short-interest-could-be-real-or-deceptive-market-manipulation/) that identifies two ways for both short interest and price to fall quickly. + +The first scenario is from retail investors not holding the line and panic selling, driving the price down further, releasing into the market more of the float and enabling shorts to cover/buy back shares at progressively lower levels. + +\*\* + +From TradeSmithDaily: + +Plummeting short interest along with a plummeting GME share price, in other words, could indicate that the Reddit army is headed for the hills, and the longs were selling early, giving the shorts a means to cover, as the longs got out… Important to note that if the long holders of GME shares did not break ranks and sell en masse, it would have been impossible for the share price to fall and hedge fund short interest to fall at the same time. because, without a critical mass of long-side holders selling into the market, the hedge funds covering their shorts would have nobody to buy from as they covered (bought back) their short positions. + +\*\* + +The second scenario is where hedge fund short interest in GME didn’t really dissipate but instead they played a trick to make it seem like it did, demoralizing the retail side and further “breaking the squeeze.” + +\*\* + +From TradeSmithDaily: + +The way the hedge funds could have done this — made it appear as if they covered their shorts, even when they really didn’t — involves trickery in the options market. + +The tactics involved are not a secret. In fact, the Securities and Exchange Commission (SEC) knows all about such tactics, and published a “risk alert” memo on the topic in August 2013. + +The SEC memo is titled “Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations.” You can [read it here via the SEC website](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf). + +The memo contains a dozen pages of highly technical language, but here’s a quick rundown: + +* If short sellers are facing a squeeze because shares are hard to buy, or scrutiny for holding an illegal short position, they can create an appearance of having closed their short position through the use of deceptive options trades. +* A hedge fund that is short a stock can write call options on a stock — meaning they are now “short” the call options, having sold the call options to someone else (typically a market maker) — and simultaneously buy shares against the call options. +* The shares bought against the call options could be “synthetic” longs — meaning they are not part of the original share float of the stock — as sold to the hedge fund by the market maker that takes the other side of the options trade. +* This works because, if a market maker buys options from an options writer, the market maker has legal privileges to do a version of “naked shorting” as part of their hedging function. This is necessary, under the current rules and the current system, for market makers to protect themselves when facilitating options trades. +* As a result of the above transaction, the hedge fund that sold short calls was able to buy synthetic long shares against the calls. (A synthetic share is one that has a long on one side and a short on the other but wasn’t part of the original float.) The synthetic long shares are the other side of the naked shorts, legally initiated by the market maker, so the market maker can hedge. +* The hedge fund that bought the shares can now report that they have “bought back” their short position via buying long shares — except they actually haven’t! The synthetic shares they bought are canceled out against the short call positions they initiated, a necessity of the maneuver by way of the market maker’s hedging of the call position they bought from the hedge fund. + +It gets very complicated, very fast. But the gist is that **hedge funds can use tricks to make it look like they’ve covered their shorts — even if they haven’t truly covered, and can’t, for lack of available float — by way of exploiting loopholes** that exist due to an interplay of reporting rule delays, market maker naked shorting exceptions, and legal practices of synthetic share creation (new longs and shorts made from thin air) relating to market-making. + +Below is a section of the SEC memo (from page 8) that gets to the heart of it: + +***“Trader A may enter a buy-write transaction, consisting of selling deep-in-the-money calls and buying shares of stock against the call sale. By doing so, Trader A appears to have purchased shares to meet the broker-dealer’s close-out obligation for the fail to deliver that resulted from the reverse conversion. In practice, however, the circumstances suggest that Trader A has no intention of delivering shares, and is instead re-establishing or extending a fail position.*****”** + +\*\* + +In short (no pun intended) these tricks “help hedge funds maintain short positions that, legally speaking, they weren’t supposed to have because the shares were never properly located”. Which triggers alarm bells when we consider the extraordinarily high amount of FTIDs/Failed to Deliver Shares ([https://wherearetheshares.com/](https://wherearetheshares.com/)) and Michael Burry’s (now deleted tweet viewable here [https://web.archive.org/web/20210130030954/https://twitter.com/michaeljburry?lang=en](https://web.archive.org/web/20210130030954/https://twitter.com/michaeljburry?lang=en)) about how when he called back shares he lent out, brokers took weeks to actually find them with the implication they could not be located. + +These factors lend credence to the idea that shorts weren’t really covered but were given the impression of being covered with trickery using options, in order to “cover” short positions they shouldn’t have had to begin with because shares were never properly located. To summarize, it is the act of prolonging an illegal short position with the use of synthetic shares generated through via a loophole that is the issue at hand. + +If this is true, and there are signs that it is, this would allow short side funds to prolong their short positions indefinitely. This inspires a thought experiment, **if funds are able to prolong their short positions with this method, wouldn't it make more financial sense for them to prolong their shorts rather than truly cover and close out their shorts at a -500% to -5000% loss** when prices were at 300-400 last week (when they supposedly closed out a majority/large amount of short positions)? The saying for stocks goes "its only a loss when you sell." The version for shorts would be "its only a loss if you close out your short positions." + +Another factor to consider is there are well reasoned posts [here](https://www.reddit.com/r/wallstreetbets/comments/ledjwa/how_there_is_no_mathematical_way_shorts_were/) and [here](https://pastebin.com/AuhuKJu4) (now a pastebin, originally a popular post from a reddit user) that present the argument that, mathematically speaking, shorts could not have afforded to truly cover the majority of their positions. Based on this logic, if shorts could not have afforded to truly cover most of their positions, it may have made the most sense for shorts to only cover their most underwater positions and prolong the majority of remainder shorts positions with the help of synthetic longs. The end goal being to wait for retail interest and stock price to go back down before truly closing all their positions (though FTID/phantom shares caused by the synthetic longs may be another complication for shorts to close their positions.) + +In addition, one point that may be relevant to explore is if a large amount of short positions were indeed truly covered, there would theoretically be immensely strong buy pressure to drive the price of the stock up. Instead, during this past week when shorts supposedly covered, price of the stock somehow went into a free fall. Why? Something to think about. + +I would be remiss to mention that another data point that may be of significance is that an entity recently purchased 43 million dollars worth of 800 dollar call options to expire in March ([screenshot from a WSB post](https://preview.redd.it/b21gob6z5ze61.png?width=1788&format=png&auto=webp&s=615555f4e98da988c49a89ea5991d6c7063ff7a9)). In practical terms what this purchase may seem to indicate is that whoever made the purchase believes there's a chance and risk the price of the stock could shoot past 800 by March, which would also suggest that they believe a squeeze is still possible and are hedging for it. If you happen to believe this entity is a hedge fund then you may draw your own inferences from that as to what that could mean. + +In considering the potential use of synthetic longs by shorts to prolong their positions we must also consider the possibility that shorts may no longer be under as much pressure as they were before to cover. What can retail investors do in that case? Two thoughts come to mind. + +**A) One recourse retail investors could have would be to encourage GME to issue a reverse stock split as it forces borrowers to return shares back to their holders, which in theory would put the naked short sellers in a compromised position. If you care about forcing the issue, you can follow the instructions** [**here**](https://www.reddit.com/r/wallstreetbets/comments/lcpwh0/how_gme_can_still_be_a_great_play/gm2tsnw/) + +**B) Another recourse would be to bring the matter to the SEC's attention for investigation, which you can do at** [**https://www.sec.gov/tcr**](https://www.sec.gov/tcr) + +Sidenote: On the subject of synthetic long shares, another instance where they came into the story recently was when S3 Partners released it's GME short interest % calculations last week, from a short interest from on 122% on 1/28 Thursday to 113% on 1/29 Friday) to 55% on 1/31 Sunday, which many found to be suspicious. Later it was discovered that number of 55% was calculated using the same data set that yielded 113% short interest percentage, but with the significant difference of including synthetic long shares into the short float equation, which is against standard practice but which S3 abruptly decided on Sunday to make their new main metric of SI%. Many questioned the logic and timing of this decision. One consequence of this decision was that the media picked up on the "new" short interest percentage of 55% and spread it as a new narrative during market open on the morning of 2/1 Monday. Whether this influenced subsequent buy/sell behavior, and if so to what degree, is something to consider. + +If you think of GME as a battle between short side funds and retail investors (there are likely other players involved but for the purposes of this analysis we'll focus on these two), information plays a major role and there is an information asymmetry on the retail investor's side. For example, hedge funds know the positions they're in and can share data with each other whereas retail investors are in the dark about many important data points. An example of an information asymmetry on the retail investor's side is the unavailability and general inaccessibility of true real-time short interest percentage. A lot of retail investors are waiting for the short interest report on February 9th to help inform them of their next moves, but while this report is a data point, the data in the report will still be two weeks old. With that said, examples of what investors have available for estimating the immediate short term interest are things like short interest borrow rate and calculated inferences from other data points. + +There's an oft repeated adage on WSB that retail investors can stay "retarded" longer than funds can stay solvent. The "paper hand" sell off earlier this week in part appears to contradict that statement. To explore it from a different perspective, if you consider the possibility that short side funds are taking a long term play (on their short positions by extending them with synthetic long shares), then so far it would seem that funds can stay solvent longer than paper hands can stay patient (case in point being the retail sell-off when the price started dropping.) + +At least one lesson that could be draw from this is that the better retail investors understand how hedge funds think and operate, the better it will benefit them in navigating this situation intelligently. An analysis of events of the the past week leads me to believe hedge funds deployed at least three tactics from the Art of War: + +* **"Deceiving and confusing the enemy is a more effective path to victory than openly fighting with them."** I personally believe the press release from Melvin Capital on 1/27 about closing their short positions was an example of this, they wanted us to believe their short positions were closed thus ending justification for the short squeeze. +* **"If you know your enemies and know yourself, you will not be imperiled in a hundred battles."** Hedge funds knew the weakness of the retail side was the lack of cohesion and leadership (by nature the lack of leadership was a disadvantage for any leader to the movement may be accused of manipulating retail buyers and scapegoated) and they knew that if the price drops low enough many retail buyers will panic sell, so all they needed to do was attempt to drive the price down via whatever methods at their disposal whether thats through spreading misinformation, calculated and continuous shorting, short ladder attacks (read [this](https://www.reddit.com/r/wallstreetbets/comments/lf4vn3/yes_laddering_is_real_short_ladder_attack_is_just/) and [this](https://www.reddit.com/r/wallstreetbets/comments/lb8hjc/datadriven_dd_i_analyzed_265000_rows_of_sec_short/) for an explanation on how 'counterfeit shares', which are a form of synthetic shares created from naked shorts, can be used to ladder attack the stock price, which would support the thesis of large amounts of counterfeit shares currently being in play) and other potential methods. +* **"If his forces are united, separate them"** aka divide and conquer. Upon driving "weak-hands" to sell-off, this divides the retail buying group and creates bears out of some "paper hands", who then spread their views and further the divide. Another example is the fake news/manipulation around Silver in the last two week and the very real possibility of bots sent into this sub to push a message and sow division. + +I will leave you with that, and a reminder to do your own research, for as investors we do not have all the information available, and the most we can do is intelligently speculate with as much data and logic as we can gather. I wrote this post because I spotted some inconsistencies within the GME stock that in my opinion, once brought to awareness, would either be irresponsible or willfully ignorant to not examine further. If you agree with the ideas explored in this post, feel free to share with whomever you'd like, and thank you for your part in raising awareness. + +*To provide context for the timeline of events described in this post, this post was originally written on Thursday 2/4/21 and updated on Sunday 2/7/21.* + +*For liability purposes, everything in this post is simply a thought experiment, and no part of what is written constitutes as financial advice.* + +**If you'd like to learn more on subject of synthetic shares or counterfeit shares (a counterfeit share is a type synthetic share), as well as red flags found by the community and how these shares could be currently misused in the context of GME, I highly recommend you give these posts a read**: + +[https://www.reddit.com/r/wallstreetbets/comments/ldjbg1/analysis\_on\_why\_hedge\_funds\_didnt\_reposition\_last/](https://www.reddit.com/r/wallstreetbets/comments/ldjbg1/analysis_on_why_hedge_funds_didnt_reposition_last/) + +[https://www.reddit.com/r/wallstreetbets/comments/lalucf/i\_suspect\_the\_hedgies\_are\_illegally\_covering/](https://www.reddit.com/r/wallstreetbets/comments/lalucf/i_suspect_the_hedgies_are_illegally_covering/) + +[https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the\_real\_reason\_wall\_street\_is\_terrified\_of\_the/](https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/) + +[https://www.reddit.com/r/wallstreetbets/comments/lanf94/gme\_is\_a\_time\_bomb\_and\_its\_highlighting\_a\_severe/](https://www.reddit.com/r/wallstreetbets/comments/lanf94/gme_is_a_time_bomb_and_its_highlighting_a_severe/) + +[https://www.reddit.com/r/wallstreetbets/comments/le235t/gme_institutions_hold_177_of_float_why_the/](https://www.reddit.com/r/wallstreetbets/comments/le235t/gme_institutions_hold_177_of_float_why_the/) + +[https://www.reddit.com/r/wallstreetbets/comments/lb8hjc/datadriven_dd_i_analyzed_265000_rows_of_sec_short/](https://www.reddit.com/r/wallstreetbets/comments/lb8hjc/datadriven_dd_i_analyzed_265000_rows_of_sec_short/) + +[https://www.reddit.com/r/wallstreetbets/comments/l9z88h/evidence\_of\_massive\_naked\_short\_selling\_fraud\_in/](https://www.reddit.com/r/wallstreetbets/comments/l9z88h/evidence_of_massive_naked_short_selling_fraud_in/) + +[https://www.reddit.com/r/wallstreetbets/comments/lag1d3/why\_gme\_short\_interest\_appears\_to\_have\_fallen/](https://www.reddit.com/r/wallstreetbets/comments/lag1d3/why_gme_short_interest_appears_to_have_fallen/) + +[https://www.reddit.com/r/wallstreetbets/comments/l9rk78/sec\_doj\_60\_minutes\_public\_data\_suggests\_massive/](https://www.reddit.com/r/wallstreetbets/comments/l9rk78/sec_doj_60_minutes_public_data_suggests_massive/) +I'm just wondering why people think CAT may be overvalued at a PE in the 20s if they think that. + +Are industrials supposed to have a pe under 20? + +Would 200 be a good entry into CAT for a long term position? I would only buy 2 shares or so at a time. Dca in. + +Cramer is always pumping CAT. + +My other industrial plays are UNP and ODFL. + +I heard CAT may do well this year especially? +Idk which one of you shared our DD with 60 Minutes, but this one sounds like it’s straight from the front page of Superstonk. It’s on at 7 P.M. EST (6 P.M. CST) on CBS. + +I'm not sure what I expect, but I plan to try and catch this segment and thought it may be something interesting for other apes as well. + +https://preview.redd.it/05me1ks12fk81.png?width=1284&format=png&auto=webp&s=7f0f619c8efe5536231f13eb88266479b737571a +For a little bit of context, I'm a Data Scientist by trade so I'm all about the power of data and the possibilities that machine learning (and then AI) can present. I am very experienced in building python ML models for finance e.g debt forecasting, so it has not been much of a stretch to migrate over to a trading ML model. + +I've been day-trading at a high level for around 2 years now, using an established indicator structure I found worked well on trading view as well as a few 'gut-feel' punts. Over the 2 years I've grown my portfolio from around 11K to around 100K, which is great, but could have been into the millions had I not closed some crazy opportunistic positions prematurely (notably GBPvUSD circa April '20). I use mixed out leverage (300:1), as in addition to these funds I have other cash reserves and previously worked as an intra-day gas storage trader so qualify for 'professional privileges'. + +Onto the model itself; it ran for one day on Friday and had returns of 5% which was incredibly positive. I'm going to leave it hooked up to the OANDA API for a month, with looping trades every 5 minutes and backtest efficacy after this. + +MACHINE LEARNING strategy; + +For ML strategy, I used an ensemble approach, with underlying layers of random forest, neural network, xgboost, sentiment analysis, clustering and k-nearest neighbour. I run the code on a perpetual loop to identify criteria which match the buy/sell parameters and then the bot makes the update appropriately through the API. + +The primary input datapoints are indicators (Fibonacci retracement for support levels, RSI, EMA, MACD, stochastic oscillator, Bollinger bands), plus historic prices, movement over time etc. It is an ensemble build with layers of random forest, neural network, xgboost, sentiment analysis, clustering and k-nearest neighbour. + +First step is to understanding the correlations and relationships between variances in these indicators (different time period, combined with other indicators), to establish somewhat of a correlation relationship between indicators and stock price movement within 5 time periods (1, 5, 15, 30, 1hr , day). Then draw out most efficacious indicator combinations for buy/sell conditions and tag on ML iterative improvement capability, as well as ongoing outputs of ‘best setup’ running profit. The first output so to speak is regression analysis of indicators vs % movement in stock price within x time. In this way you could classify this is a regression model approach overall. + +I plan to use a 5% trailing stop clause for risk mitigation and ultimately hope to be able to clear £5K per day and just allow the bot to run and do its thing. + +Side note:- the best time to trade is immediately following american markets opening at 3.00pm. Here you will find extreme swings, volatility and the opportunity to grab £20K in under 30s. + +Hope this goes some way to inspire others that it can be done with hard work, educating yourself and self-discipline around goals and outcomes. I plan to retire at 40 and am on track for that currently. + +&#x200B; + +[Trading212 funds last 2 years](https://preview.redd.it/cnxjdn0mksl81.png?width=1248&format=png&auto=webp&s=9acf1d2c56c11bc3bda2c9fa851560c80d35f83d) +Let me begin by saying that if you invested $1,000 in bitcoin when it was first released, you are most likely very wealthy today. But don't let that detract from the fact that it elevates you to the status of someone who wired $1,000 to an anonymous person on the internet in exchange for some magical beans. + +You'd be stupid not to have money invested in cryptocurrency these days, but keep in mind that it's almost entirely based on speculation, and a lot of your success is based on pure luck. In a bull market, everyone is a brilliant investor. People who post here pretending to be seasoned investing gurus are more often than not people who got lucky a few times. Have fun with your Baron Rothschild memes, pretending that everyone who invests in cryptocurrency will become a millionaire. + +This is not the first time in history that a generation of young people has gotten rich by jumping on a wild speculation train. People had the same attitudes at the height of the dotcom bubble. "Twenty-five percent returns in a year?" Those are scrub figures. Anything less than 100% is not acceptable!" We all know how that ride ended, and this one will as well. This ride will come to an end, whether it ends in a major bust or becomes a mainstream financial tool dominated by Wall Street. Take advantage of the high returns while you can. + +Lastly, If you have the money to do so you can manage your risk by diversifying. Yes, the goal of diversification is to have a completely uncorrelated asset. Because all cryptocurrencies are highly correlated with one another, diversifying requires diversifying in a completely different asset class. Investing in another coin is not considered diversification; it is equivalent to investing in McDonald's and KFC and calling it diversification. + +As always, thank you for your time. +You get married and then it’s living happily ever after, right? Well... + +A few months after we were married, my wife came home from Target with a couple of large shopping bags. + +*“What did you buy this time?!”* + +No, I didn’t say that out loud. I’m not *that* stupid. + +But the thought did run through my mind, and it concerned me. + +Why was I so upset over a trip to Target? I love Allison! I trust her, and I know she’s responsible. + +She didn’t come home with a new car. She didn’t gamble away all our savings. So what’s the big deal? + +Then it hit me. + +**I couldn’t answer the question, “Are we okay?”** + +We were married and happy except when it came to money. Every day, my wife used *her* money from *her* bank accounts, and I was using *my* money with *my* credit cards. + +I realized that we were still paying the bills and shopping like we were roommates rather than like a team or a family. + +And as I thought more about it, I discovered that how we used money was only *part* of the problem. + +At the time, I had just started a career as a financial advisor, and I was being paid with a combination of a fixed salary and commission. The amount I was making was changing every month. + +[EDIT: I left the financial advising career about 4 years ago. Wasn't for me.] + +Allison had a stable job, but her hourly rate was low. Plus, her job was centered around tourism, so the number of hours she worked went up in the summer and dropped in the winter. + +At any given moment, we had no idea if we were spending ourselves into a hole or climbing out of it. + +We could compare how much we were charging on our credit cards and how much money was in our bank accounts, but that got complicated. + +We had 8 accounts at 5 different banks. Answering the question, “Are we okay?” took a shit-ton longer than it needed to. + +Allison and I weren’t working or planning together when it came to money, and I wanted to make a change. + +All I wanted was to answer the question, “Are we okay?” without getting a degree in Accounting. + +**We learned how to handle money as separate people.** + +Before getting married, Allison and I really were separate people. + +We both had savings accounts, checking accounts, and credit cards to manage. We learned how to pay bills in our own apartments with our own roommates (who were also our groomsmen and bride’s maids). + +Allison and I ended up moving in together for the summer right before we got married, so we were--from a legal standpoint--roommates rather than a family. We got used to paying the bills and shopping as separate people. + +Looking back, combining our lives and becoming a family needed to happen. We realize now that this moment was inevitable, but no one ever taught us how. + +**We were responsible as individuals, but not as a couple.** + +I figured that if we didn’t start working together with our money, the “Target incident” would just get worse. + +* If I needed a new suit for work, could we actually afford it? +* What happens when we want to go on vacation? +* Would Allison start to resent me for spending a lot of money on craft beer? +* Would I start resenting Allison for buying another purse? +* What if we go further and further into debt without knowing it? +* What if we want to buy a house? + +I love my wife, and I trust her. But the way we were going, I didn’t trust *us*. + +**No one ever taught us how to handle money as a team.** + +No one ever taught me how to handle money as a spouse. Fortunately, I have great parents that I got to watch, and I learned what a great marriage could be. But they never talked about money around me. + +In high school and college, I learned how to balance my checkbook, use a credit card, and pay my bills. But it’s easy to make decisions when I don’t need anyone else’s opinion or permission. + +Allison and I needed to do something different, and it was up to us to change. + +**We needed to find some help.** + +I was on edge to begin with. Trying to network, gain clients, and work long hours already had me stressed out. Worrying about my clients’ money didn’t leave much energy at the end of the day to take care of our money. + +Any time we needed to go shopping was stressful. Hanging out with friends made me feel guilty. We live in Florida so of course we like to go to Orlando (*“Sea World...Disney...putt-putt golfing.”*). + +I wanted to worry a lot less about money, have some fun, and not ruin our marriage in the process. + +It was time to find some help. + +**What were the problems we needed to solve?** + +Allison and I already worked well as a team. We were both responsible, but we had separate financial lives that needed to be combined somehow. + +I realized that the three basic problems we needed to solve were: +* How do we see all of our money in one place so we don’t miss anything? +* How can we manage day-to-day decisions without nagging each other? +* How do we financially and emotionally support each other in our goals and dreams? + +This took some time to figure out. + +**Step 1: See everything in one place.** + +The first thing we did was to get everything into one place. I had been using the app, Mint, for years to help track my own stuff. So we decided to start a new account. [EDIT: I took out the link for Mint to help out with the thumbnail issue. I'm guessing you can find the app just fine without it.] + +[EDIT: I am not an employee of Mint, nor am I being paid by them. I'm just a fan, and the app has worked well for me. The comments on this post also strongly suggest (but are not limited to) YNAB, Good Budget, Personal Capital, EveryDollar, Mvelopes, and Quicken. You could also use Excel, Google Sheets, Apple Numbers, or any other spreadsheet software you are comfortable with to budget and keep track of your finances.] + +* Every savings account. +* Every checking account. +* All the credit cards. +* Student loans. +* Car loans. +* Every transaction. +* Updated automatically. +* All in one spot! + +The clouds parted and the angels sang. + +We both had access to see everything at any moment on a computer or our phones. + +**Step 2: Give each other permission to spend money.** + +The next step was to start budgeting together, and I had to talk Allison into this. She had some valid concerns, and it all started with toothpaste. + +Since I’m a detail-oriented person, I was gung-ho about budgeting and tracking our money. I love it when everything works together perfectly. Whereas Allison has more of a “good enough” personality. She was happy as long as we were staying out of trouble. + +So when I started to talk about budgeting, one of Allison’s first questions was, “If we spend our budget for toiletries and we need toothpaste, I can’t go out and buy more toothpaste?” + +It was a good question, and I didn’t have the answer right away. Over time, we’ve learned how to budget each month without making the budget set in stone. It’s flexible, and when we need to change it...we change it. Toothpaste for days! + +Allison also asked, “And what if we want to go shopping on our own? Do we need to give each other permission?” + +The solution here was to budget fun money for each other. Every month, Allison gets some money that she gets to do whatever she wants with. And every month, I get some money that I get to do whatever I want with. Sometimes we overspend our fun money amounts (okay, honestly...it’s usually me), but we make it work out. + +[EDIT: We also have an "Entertainment" fund in our budget every month, which is for anything we do together. You could call it "Date Night" money, too.] + +After making a lot of mistakes, hitting road bumps, finding solutions, and practicing, our monthly budgeting hasn’t caused any fights or headaches....for years. + +**Step 3: Decide what we want, together.** + +When it came to our goals and dreams, we tried a formal system of tracking what we wanted. But it didn’t really work out. It was too much for us as a couple. + +Our bigger goals like an emergency fund, retirement, and debt took some time, but those goals take *months* or *years* or *decades* to accomplish. Once we set the plan, there was no need for a conversation every month. + +For the shorter-term ideas, we developed a habit of asking each other, “What do you want this month?” + +Sometimes I want new running shoes. Sometimes Allison wants to throw a party at our house for friends. And sometimes we both want a new dining room table. + +In the end, we just wait until an idea pops into our mind (*“Is it time to go back to Disney World?”*), and we decide if we can afford it now or we need to save up. And then put it in the budget. + +It’s flexible, and it works for us. + +**I calmed down...fast!** + +After all our financial information was in one spot, I immediately calmed down. + +I had one number that showed me how much combined money we had in “the bank” and one number of how much we had charged on the credit cards. + +One number minus the other gave me my answer. We were okay. + +After we started to budget, seeing a Target bag (or any other shopping bag) hasn’t bothered me since. + +**We never fight about money.** + +Allison and I have had a lot of fun with friends, visited family, and had wonderful vacations. But we have made a lot of mistakes and have had to deal with a bunch of emergencies. + +We talk, discuss, and decide. But we don’t fight. +------- +If you want to ask a question or have me dive deeper into anything, let me know in the comments. I'll respond as soon as possible. + +[EDIT: Wow!! Everyone, thank you for the wonderful stories, comments and questions! I had no idea this was going to make such an impact. It's 9:42 CST, and I've have *got* to do the other work I was supposed to do today. I will respond and comment as much as I can tomorrow and through the weekend, so keep going!] +Experience the most exciting metaverse journey with Metahamster. Metahamster ($MHAM) is a token launched on Binance Smart Chain with automatic liquidity pool growth and holder rewards through transaction taxation. 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In order to receive rewards, they must have at least 75,000,000,000 $MHAM tokens in their wallet. + +Auto allocation to Liquidity Pool + +4% of each transaction will be allocated into the Liquidity pool on the PancakeSwap. Hence it will be helping to maintain the price flow on the transactions. + +Massive Marketing + +4% BNB of each transaction will be assigned to the Marketing/Buyback wallet. It will be used for the future development of the project as specified in the Whitepaper. + +Manual Burn + +Metahamster tokens that are unlocked within certain periods of 50% of supply will be burned for ecosystem.[https://www.pinksale.finance/#/pinklock/detail/0x9428f4cD18896eDa03633429c3f52e5244504D14](https://www.pinksale.finance/#/pinklock/detail/0x9428f4cD18896eDa03633429c3f52e5244504D14) + +Limited Supply + +The maximum token supply will only be 10,000,000,000,000,000 $MHAM like the Hamster. Hence Metahamster token has a high probability of skyrocketing the price within a short amount of time. + +Security Features + +No pre-sale has been made in Metahamster. For trust, we have locked initial MHAM-BNB-LP for 1 year. There is no token amount reserved for the team in Metahamster. We are audited, visit the website for more information. + +Token name: Metahamster + +Token symbol: MHAM + +Contract Address: 0x9428f4cD18896eDa03633429c3f52e5244504D14 + +Decimals: 18 + +Total supply: 10,000,000,000,000,000 + +%50 for liquidity + +%50 for manual burn + +No developer wallet + +Taxes + +%12 for buying + +%15 for selling + +All taxes are pooled and reflected like in below: + +%4 BNB Rewards + +%4 Liquidity + +%4 Marketing/Buyback + +Max wallet: %2 + +Transaction limit: + +%2 for buying and transferring + +%1 for selling + +Initial liquidity has not been determined yet. But we think it will not be very high as it will be a fair launch. Liquidity will be locked for 1 year in seconds after launch. +Title says it all. I'm so far behind on my car payment. I'm short little over a hundred bucks for rent, so now I'll get a nice late fee. I work full time at $17 an hour. Single mom, 2 kids, age 16 and 8. My oldest is starting to drive, and i can't imagine that will save me money. I'm so depressed, and the thoughts going through my head are starting to scare me. + +Even after I get caught up with my taxes, I still can't afford to live. I have to get another job obviously, but God dammit, I'm so sick of working and worrying, and turning the radio up to avoid that new noise my car is making. I'm sick of this. Im over it. I'm done. I'm not going to leave my kids with no mother, but I'm so miserable. + +It's impossible to do this on one income. +Keep in mind I live in Europe. I found my dream apartment for 460k (in our country we have to pay 30% down which we can do but it's a stretch). My boyfriend says absolutely not that spending that much on a down payment and taking out a mortgage like that is insane. I don't think it's that bad but I'm also admittedly blinded by my love for the home. Can anyone speak to the best financial advice here? + +A few key points: + +* Most apartments where I live cost around 300-350k and they're no where near as nice as this place and would require a remodel, whereas this place for 460k does not. +* I believe we can counter +* It's for sale by owner not a real estate agent, for whatever that's worth +* "HOA" is only 30 euros a month + +Would love to hear if there's a logical way to approach this from a money POV. I genuinely believe my bf and I will make more over time, we're fairly young in our careers. But also a family is probably in the near(ish) future, 2-3 years. + +*ETA: Really appreciate the overwhelming number of insightful responses here! :) This has really made me pause and take off my "blinded by the dream home" glasses. I do want to add, as I mentioned in a reply, we would pay 30% down and have done the math and the monthly payments would be 1600. That being said, I can see even still that based on the responses the overall feeling is no and I really appreciate having everyone's advice, we'll likely have to let this one pass.* + + +The CEO of eToys, who got cellar boxed and busted out by SHF and Bain Capital, wants to join SuperStonk for an AMA to get the word out about what these crooks are doing to U.S. businesses. However, his account doesn't make the 120-day rule for SuperStonk. + +He reached out to mods (edit - two) days ago but there has been no response (edit- after the initial reply saying they'd look into it). Let's show the mod team that we at SuperStonk need to support this kind of content! We need the CEOs of companies who have died at the hands of Bezos, Bain, & their SHF cronies to come out in the open. We need to get this to the top of the front page. We need to get this to the top of Google. This is what we are here for. + +Please mods! Reach back out to [u/Laser\_Haas\_eToys](https://www.reddit.com/u/La1ser_Haas_eToys/) and give him access to SuperStonk! He is going on smaller subreddits without the reach of SuperStonk out of desperation to get the word out. We need to help him! Come on mods, help! +I'm seeing speculation to this effect on Twitter, that this mini crash of the entire market a few minutes ago was because of this. Is this really true? I'm slightly out of the loop with what's been going on with r/wallstreetbets and this stock. +This is now the buzzword in r/cryptocurency. I do get, that a lot of people entered the market to be millionaire in a fortnight like say CryptoNick or Trevon James (Yeah, these people have damaged the credibility of the millennials who invest in Crypto), but to be so salty as to call the entire space an outright scam is actually Self Denial. DYOR is the most "stated" and least "used" term in cryptocurrency. Rightfully, with just a bit of common sense, people wont even spend a penny on bitconnect. + +I do agree that >1000 projects wont even come to fruition. But apart from a few, if we look at the top 50, well, I can say, atleast 20 of them are pretty massive projects. In an entirely new ecosystem, thats developing, even if we end up getting 10 projects that serve the world some good, would that not be awesome? + +The Bears are ruling the market, but they wont rule forever. The boom continued from November to say, mid January, and it seemed never ending. This too will end. + +Here I would try to lay down some of my opinions for all the doubts and FUD that media propagate: + +1. NOT BACKED : Fiat, you will find is essentially backed by IMFs Currency Basket. The Currency Basket in itself is backed by Fiat. Thus, ultimately it pegs the whole concept of Fiat down to single entity, Trust. USD has major stronghold on the basket. This ultimately leads to a situation wherein the Currencies of other countries too, are to an extent pegged to USD, which we know is prone to whims of the FED. + +Bitcoins underlying value is in the used Protocol. Bitcoin as such is just a protocol, using a distributed, decentralized ledger and a POW based consensus mechanism for its existence. Same for ethereum, the ether protocol. While people might argue, whats the REAL asset underlying , remember its the same logic used by Brick and Mortar shops against Amazon. + +2. NOT GREEN : Lets calculate the entire energy spent by the Banking corporations, plus the energy consumption for Fiat printing, and the energy consumption for maintaining the security , and add to that the devaluation impact of fiat, and devise a parameter. Now lets compute the entire energy required for maintaining the Cryptosphere, and subtract the deflationary impact of a fixed total supply. I think Green Bankers will wet their pants in fear if such a study is conducted. + +If you hate POW, Crypto communities are working their ass out for POS, which if proven secure like POW, will end this debate forever. + +3. High Transaction Fees and Lack of scalability : This is a problem. To have utmost decentralization, low transaction fees, and high scalability all at the same time seems impossible. An optimum solution will be there. Probably we will have to do away some decentralization and security for purpose of efficiency. We are already seeing solutions like Nano, Cardano, Lightning Network. Its interesting to find out where we end. + +4. Terrorism : Bitcoin is used for Drugs and Terror Funding. Internet is used for Porn. Sound synonymous? You decide. + +5. Lack of faith in the technology : When i see most of the cryptocurrency subs, its all about "when will we break even" Or "Am selling all this since its going to zero". Try speaking logic, they will spew Venom. As if buying Bitcoin at 20k dollars and keeping it in Bitconnect was the collective fault of the crypto community. Although am just over 7-8 months in this market, i can tell the only secret to make some money here, is your Conviction. Read the whitepaper, check the team, think about it, rate it. If you cant rate it DONT invest in it. Just like I dont keep Monero, simply because i fear regulatory crackdown might come hard on it. I might be completely wrong. But then, as long as you dont have the Conviction, you will end up losing. Always, yes always, dollar cost average while buying, and take profits, if you have doubled or tripled. Set the goalposts, and dont keep on changing them. Never buy all at a time. Never sell all at a time. +Hello fellow day traders, I am thinking of quitting my 300k job to day trade full time. I was initially thinking of having day trading as my side job, but after living a year of morning trading - work - nightly stock market analysis, I came to a conclusion that I cannot sustain this pattern of life. I am a software engineer with shit work life balance, and it is just not sustainable style of life to have a side job. Also, I was losing motivation to improve myself as a software engineer and was performing badly while day trading in the morning. This eventually led me to get put in focus by my manager and after this incident, I have quit day trading as side job and focused on my work to keep my job. + +Now I am out of focus and back on track for exceeding expectation for my role, but the more I do my job the more I am realizing that I fucking hate my job. I am constantly having nightmares about my work and my manager, and more I work, more I realize that I don't have a passion for software engineering. Probably because of horrible WLB 60 > hours / week life, or because of my passive aggressive motherfucking manager. Also I always had that passion for day trading. I wanted to start trading again, but unless I was able to exert all my effort to trading, I did not want to start again. I did not want to be mediocre at both trading and software engineering. I will either have to give up on my dream of day trading full time, or do my best as software engineer. + +So before I get any older (27 right now), I want to try day trading full time. Before I make this happen, I was planning on creating some safety net for myself in case I get fucked and blow up my account. Here are following steps that I am planning + +1. Start applying for a new job in big tech companies with more WLB, like Microsoft, Google or Linkedin. This will create a better resume in case I get fucked and want to turn back to software engineering. Just be a mediocre here and day trade in the morning, and spend half of my time at work analyzing stock market and creating new strategies. +2. After about a year in the big tech growing my career (just for one more line on my resume), if I feel like I am prepared to start day trading full time, go for it. +3. Get fucked and turn back to software engineering. + +However, this initial plan was torn apart when the big techs started hiring freeze. They are no longer hiring people of my level. Also, while preparing for the interviews, I was thinking "what if I just spend all of my time (60 > hours / week + 10 hours preparing for interview) on day trading, analyzing market and creating automated trading systems? That sure will make such a huge difference on how I perform as a trader. I was already making 80% win rate and was on the path of increasing my account balance exponentially while I was day trading as a side job. Why not just quit up my job and go all in? + +&#x200B; + +While I was day trading part time, I have once blown up my $7000 account. Then I found an edge and I grew my account from $3000 to about $240000 in a year, from July 2020 to August 2021. I had doubts about my strategy when I started trading again late last month, but my strategies still worked and I turned $1000 to $1500 in a week. I feel pretty confident on my strategies, but I am not so sure that I will be able to create a new strategy that works as good as my current one, so no guarantee that I will be able to perform as right now. This is why I am very hesitant to quit my job. On the other hand, I am very confident that I will be much happier day trading. I have gave up my social life to trade for a year, and I don't regret that I have spent all my free time for trading during that time. I love learning stock market, and I love watching my predictions getting fulfilled in real life. + +&#x200B; + +So in summary, for anyone who are day trading full time, is there a big difference if you start to day trade full time? + +Do you wish that you have kept your original job and just do day trading as a side job? + +Or do you not regret having quit your job for trading? + +Did your mentality change when you started day trading full time? + +I would love to hear your thoughts people. Thank you for reading my long post in advance. +* Where are you from? + +* When did you first learn about FatFIRE? + +* What were things like for you at 25? + +* When did you hit FIRE / When will you hit FIRE? + +* What's your industry? + +* What are your hobbies? + +* If you could do it all again, what would you change? +Basically the title. Maybe a stupid question, but why can't airlines raise money like every other company does? If it's a viable business in the long term, then investors will invest. If it needs emergency money in the short term, there are business loans. Shouldn't the market handle this problem? +If it is not clear, people here (in Brazil) say that these countries of Scandinavia are able to be good welfare state countries now because they were good free-market countries before, and our underdeveloped country couldn't turn into a developed country with these welfare and intervention policies, but should first become a developed country through a free-market economy and only then become a welfare state + +I wonder if there is any truth in this reasoning +Basically the title. Maybe a stupid question, but why can't airlines raise money like every other company does? If it's a viable business in the long term, then investors will invest. If it needs emergency money in the short term, there are business loans. Shouldn't the market handle this problem? +>The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates to zero on Sunday and launched a massive $700 billion quantitative easing program to shelter the economy from the effects of the virus. + +https://www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-pr +This is probably a stupid question, but I'll ask it anyway. + +If the point of currency is to make it easier to trade with other people by abstracting the wealth generated by your work and putting it into a "token" that can be traded in for something valuable later, then why are there different forms of currency? + +For example, why are there euros AND dollars, and not just "doros"? Especially if I may want to purchase something, but I don't have the right currency for it? +Built a company, hired a great team, delegated everything I could and I'm no longer needed. I call the shots in terms of high-level strategy and I spend some time mentoring the team, but that all boils down to 5h/week. + +As far as next steps for me go, I'm torn between three approaches: + +* \#1 - Rest for a bit, then go back at it full speed and scale further (I have a few ideas to explore) +* \#2 - Step back and start building something new. (I miss the magic of building something from scratch) +* \#3 - Stop working, get a 992 GT3 and start enjoying life. (I'm 33 so the idea of retiring isn't super appealing to me yet) + +Leaning towards #2 for the thrills, although I suspect #1 will get a much better ROI on my time. Anyone faced a similar dilemma? + + +EDIT: Got what I wanted, you helped me convince myself that #2 is the way to go. Thank you for all the thought provoking comments. I'll probably delete the thread as I shared a bit more than I'm comfortable with, but keeping it for now while some people are still engaging in discussion. +If this isn't the right sub I apologize, I'm just not sure where else poor or formerly poor people congregate on reddit (if you have suggestions please share them!) + +I grew up ridiculously poor in the US. Not like "I didn't have enough but everything I needed" poor but like I never had anything. Chronic homelessness, lack of medical care, food insecure, etc with parents who have substantial substance use disorder so also always in dangerous and sketchy situations. What little we had went to my parent's addictions, not living. + +I talked my way into a very good graduate school and emptied my bank account to move. Spent more time than I care to admit living in my car in the school parking lot and working 3 jobs to get through. I discovered a kind of applied research that I'm good at and enjoy. It has a lot of real world applications and people in my field work in policy, academia, government, even museums. I got my training through an internship at a charitable foundation with a 10 million dollar a year gifting fund (total culture shock working there. My car wasn't nice enough to park in front of the building because they didn't want clients and other donors to see it.) + +Part of why I was drawn to this industry is because I've always wanted to do something that helped other people living in poverty. Seeing all the places this work is put to use I knew it was the thing. I got training in using this research method for diversity, equity, and inclusion work but no where in the guidelines does it address class. Since I started in this field in 2017 I've wanted to start a conversation on how we think about, or don't, poor people. I've been shut down a lot. + +Now I'm an academic researcher and need to do work that makes a name for myself to get promoted and get my contract renewed. I'm wondering back to this idea. I've always been interested in poverty studies and specifically the idea that there is poor as in no money and then there are behavior traits many people raised in poverty share and even when circumstances change those behaviors or thoughts don't. + +I know for me I still struggle with things left over from being poor. All through college when I expressed feeling like I didn't belong there I would get handed articles on imposter syndrome which, no. I knew I belonged intellectually. I didn't feel like people like me belonged at places like that with people like them. Similarly, around 15 years ago my dad became independently wealthy through luck. He isn't a millionaire but he has no idea how much food or gas costs because he doesn't look. He doesn't have to think about money and yet still lives like a broke deadbeat. Doesn't own a house or a car that doesn't breakdown. Has a shit credit score. Still goes broke and just waits for the next check to hit the mailbox. His rental house is a dirty dump. That is the kind of stuff I want to talk and research about. How being poor effects you even if you now have money or are stable. I still live everyday like I'll lose everything. + +Back in the 60s some researchers tried to look at these behaviors and beliefs and how they are intergenerational. That work has now turned into some of the most hated and detested academic theories maybe ever. I've heard my whole career it's wrong to even entertain them because they are racist and blame the poor for being poor. It's dangerous and disgusting to think that way. Recently I finally decided to go back and read the actual original work and I found it none of those things. It's actually anti racist because it says this isn't a black issue or a Hispanic issue, it's a class issue. The things the original research described were so true to my experience, my family, my husband's family, and everyone else I know on the bottom rung of society. + +So I find myself frustrated that a bunch of scientists who have never been poor decided this is wrong. And a bunch of teachers my whole life have told me my lived experience is wrong. And I'm frustrated I can't research this without being called a racist who hates poor people when all I want is to do is get other upper class scientists who sit around and inform policy and give away millions of dollars to know that its not always just a lack of money, that being poor gets into your soul. Yes, pay people more and get people out of the fucking hole of poverty, but don't then expect them to all of a sudden act middle class and be fine. + +If you read this far thanks for listening haha! +I walked into my boss’s office today and got shown the door. It was surreal. There is major change happening at megacorp, and I had the opportunity to negotiate my surrender. Over the course of the past 6 months, I had a unique set of circumstances that led to a conversation where I got to give input on the decision. I could either ask for a big job, or get a nice package. I don’t love megacorp, so I asked for the latter. Today, boss-man gave me the news. + +I’m not going to lie, it stung a little. I’ve never been fired before. It has been a really long time since I’ve had to find a job. Despite playing a hand in it all, it isn’t pleasant. All these feelings are in spite of the fact that I was almost certainly going to leave before the end of 2020. + +That said, the positives outweigh the negatives by a wide margin. In thanks for my service, my after tax haul will be $1.5M, bringing our NW to $8.4M. A number of friends and colleagues gave me amazing feedback on skills and traits I’ve spent years actively working to improve. One, asked what I wanted, then suppressed his desire to offer me another job in the company. We left it at “we’ll work together in the future.” I’m lucky to have a working spouse and great prospects. After a little break, I guess I’ll be living the rebranding someone posed recently...”recreationally employed.” +We were both blindsided by today. We're both pretty young, early on in our careers, he had only been there a year and was performing. It was a huge shock. We don't practice every best habit of the sub but we're grateful we picked up doing your best to live off one income. + +We just bought our house in August and insisted on going through the pre-approval process off my income alone. Our lights will stay on because our bills are effectively scaled to one income as well. We held off on car payments and continued to drive our beaters because the numbers for new used cars didn't make sense with one income. + +My only regret is not building up our emergency fund more (one month saved but we should've had at least three), so if you're reading this, definitely do that. + +Anyways, thanks to the sub for the constant advice on living below your means and always being prepared. I came to thank you all, not lecture. And encourage people who are following this thought process and are using a second income for the "extra stuff" - you're doing great. Today sucked but it could've been so much worse. + +We're counting our blessings and the job search begins tomorrow. + +&#x200B; + +**EDIT:** Thanks everyone for the encouragement and well-wishes. This obviously isn't the only thing going on in our lives, so the messages to keep going were greatly appreciated. + +For those of you who are in HCOL areas or other situations where living off one income isn't possible, I totally understand - the intent of this post wasn't to shame anyone into anything. We live in a MCOL city in the South and are in the tech sector so it was doable for us. We're also not beacons of perfection of this sub and are still working on breaking bad financial habits every day. + +For those of you who took this as a self pat-on-the-back post, I can see that. The intent really was to see the silver lining of things and encourage others who are perhaps considering this type of budgeting method. But I understand how fast this sub gets into circle-jerking and self-congratulating and didn't mean to purpose this thread for that. Just hoping to reduce the amount of "We're in deep shit from one event that could've had a much lower impact" posts by showing anything can happen at any time and that even then, we weren't as prepared as we should've been. +Relevant articles: [NYTimes](https://www.nytimes.com/2020/09/28/technology/apple-epic-app-court.html), [CNN](https://www.cnn.com/2020/09/28/tech/apple-fortnite-epic-hearing/index.html), [CNBC](https://www.cnbc.com/2020/09/28/google-to-enforce-30percent-cut-on-in-app-purchases-next-year.html) + +* Apple and Epic went to court today so that Epic could argue for a temporary court order that would force Apple to unblock Fortnite from its iOS App Store. + +* "The case is considered a potentially landmark suit, one that tests the frontiers of antitrust law, said Judge Yvonne Gonzalez Rogers of the United States District Court for the Northern District of California." + +* Judge Gonzalez Rogers looked skeptically at many of Epic's claims, explicitly telling the company several times in the hearing she was not persuaded by its arguments or its strategy. Epic knew that it was breaching its contract with Apple when it published the update, but did it anyway, she said, accusing the company of dishonesty. She rejected claims that Apple's in-app payment system is a separate product an an example of illegal bundling, as well as that Apple's app store operates as a monopoly. + +* Fortnite players on iOS have a variety of choices to access the game even if it is no longer available on iOS, she said. "Walled gardens have existed for decades," she said. "Nintendo has had a walled garden. Sony has had a walled garden. Microsoft has had a walled garden. What Apple's doing is not much different... It's hard to ignore the economics of the industry, which is what you're asking me to do." + +* Judge Yvonne Gonzalez Rogers recommended a jury trial in the case in July. “It is important enough to understand what real people think,” she said. “Do these security issues concern people or not?” (in reference to Apple's argument that tight control over its App Store to keep customers’ data secure and private.) + +* In the coming days, Gonzalez Rogers is expected to rule on a temporary injunction forcing Apple to allow Fortnite back into its App Store and support Unreal Engine, Epic’s software development tools, in the interim. + +* Separately on Monday, Google announced it will enforce rules that require app developers distributing Android software on the Google Play Store to use its in-app payment system. The move means that developers who have had customers pay them directly with a credit card for digital content will soon have to use Google’s billing system, which takes a 30% fee from payments. +I havent had a fully custom PC built in about a decade and while my old one was still functioning, decided back in May to splurge and get a PC and ended up down a rabbit hole and now I just took delivery of a monstrosity. + + +Not really sure what else to get for myself and thought y'all could help me come up with some ideas for myself and my S/O. + +So, FatFire what all are you getting yourselves for Christmas/Hanukkah/Kwanza and etc. +Stock Market is down 30%, real estate will soon follow (+ 3 month?). I was too inexperienced when 2008 hit. Now that we are here again, what are the things we could do to take advantage of this opportunity? Continue to buy shares, invest in real estate? leverage more? Open ended questions if you have insights to share based on past downturns. +After Covid, banks are relying on technology to lend at scale. And this is where credit scores and credit history come into play. It allows banks to judge a customer’s creditworthiness quickly. So I came up with this an article on why you need to generate and maintain a credit score for yourself [here](https://www.reddit.com/r/IndiaInvestments/comments/ku6q6u/credit_card_experiment_how_to_use_credit_cards_to/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +The main reason I shared that article was that my friend was unable to get a loan during Covid when his salary was cut in half from 40k to 20k. (The threshold for personal loans was 20k and he did not have a CIBIL score). + +I helped him out myself and also set him up with a FD backed credit card so he won't have to worry about this in future. I'm glad to report that my experiment [succeeded](https://imgur.com/d5HBcGG) as he is now eligible for a 2 lac loan for a 5 year period (probably 10x the salary getting credited to his account). + +&#x200B; + +At the time, I gave a small brief on ways to improve it. I have now made an [entire article](https://sikkanam.com/factors-affecting-your-cibil-score/) about it on my site and am reposting it here for your benefit (since my last one was well received on this sub). + +&#x200B; + +## Factors affecting your CIBIL score + +## 1. On-time payments + +This is the most important factor. Make sure you pay your loan EMIs on or before the due date. This will remain on your record for up to 3 years and your CIBIL score will recover slowly over the period. + +From my lending experience, the most common way people screw up their credit scores is when they dispute a charge (typically annual fees) and don’t pay it. This ends up being reported to CIBIL as a default and their scores drop to 600-650 range. It is better to pay it and dispute the charge with the banks and get a refund later. + +&#x200B; + +## 2. Secured vs Unsecured + +When you get a loan by pledging something you own, it is called a secured loan. The pledged asset is called a security. CIBIL scores increase faster with secured loans because you are more likely to repay your loan to get your security back. + +&#x200B; + +Gold loans, Home loans, Loan against property, Loan against shares, Overdraft against Fixed deposits are examples of secured loans. + +Credit card and personal loans are the most common unsecured loans. + +&#x200B; + +You can still build up a credit score with unsecured loans, but in my experience, I have seen only people who have taken secured loans breach the 800 score. It doesn’t mean it is impossible to get there with unsecured loans, but the time frame will likely be a lot longer. + +&#x200B; + +## 3. Age of Loans + +If you have taken a loan or credit card only recently, CIBIL has less data to go on. So the longer you have a track record of on-time repayment, the better your score will be. Also if you close your oldest credit card/loan that you had for (say) 5 years after getting a new one, you might see a dip in your credit score. + +This is because CIBIL will compute your score considering the history of credit based on the oldest loan you have taken. However, this is not to worry as the drop will likely be 10-20 points which can be built back over time. + +&#x200B; + +## 4. Multiple loan enquiries + +Whenever you get a new card/loan, your CIBIL score drops by 5-10 points when it gets disbursed/approved. Your CIBIL score also drops when you apply for credit multiple times. This is because CIBIL considers this as a sign that you are trying for credit but you keep getting rejected because the lender does not consider you to be creditworthy. + +The process of applying for a credit card/loan alone doesn’t make the credit score drop. This is because lenders initially do a ‘soft’ pull. I.e. they make an enquiry for a loan of ₹ 1000. This doesn’t affect your score. At this point, your CIBIL report shows a enquiry for ₹ 1,000. + +Once the loan is approved, the lender makes a ‘hard’ pull, i.e. the lender reports that you have applied for and informs CIBIL of the full loan amount that you have applied for. At this point, your CIBIL score would drop by 5-10 points and would gradually increase back again with on-time payments. + +However, if there are multiple enquiries for a loan of ₹ 1,000 then your score might dip by 5-10 points for each successive enquiry itself. + +&#x200B; + +## 5. Utilization of your limits + +CIBIL prefers that you use only up to 30% of your credit card limit. The reasoning here is that if you carry a huge balance on your credit card every month, you are spending a lot and are more likely to default on a payment. + +&#x200B; + +I've summarized everything in an [infographic](https://sikkanam.com/content/images/2021/05/cibil-infographic.png) for easy sharing. + +&#x200B; + +## FAQ + +## What is a Credit score? + +TransUnion CIBIL is a credit information company that gets your loan repayment history from banks and creates a score based on certain factors. Banks buy this score from CIBIL to see your creditworthiness. Higher the score, better the chances of getting a loan approved. Conversely, a lower score indicates that the borrower is more likely to default and will have less chances of getting approved.CIBIL score ranges from 300-900. There are also some special scores which I'll explain below. + +&#x200B; + +|Score|Meaning| +|:-|:-| +|0|You have never taken a loan in your life| +|\-1|Your credit history is less than 6 months (or) you had taken loans earlier but it is closed now and it has been more than 6 months since you are debt-free| + +&#x200B; + +The following table describes the credit scores of borrowers who have been sanctioned loans in the recent past. As you can see, bulk of the bank money has been going to borrowers with great CIBIL scores. [\[Source: CIBIL website\]](https://www.cibil.com/resources/docs/faqcs.pdf) + +|CIBIL score|%| +|:-|:-| +|\>=800|57.6%| +|750-799|22.8%| +|700-749|9.7%| +|650-699|5.2%| +|<650|4.7%| + +&#x200B; + +# Why do you need a good credit score? + +* Cheaper loan interest rates allow you to repay faster +* Loan applications are processed faster +* Cost of education is rising by 10-12%(approx) every year. A good credit score can make that education loan for a bachelors’ /master’s degree possible. +* Companies look at CIBIL scores of their applicants (especially in the finance/fin-tech industry). Low/bad scores have been grounds to reject an applicant. + +&#x200B; + +## How to generate a CIBIL score if you don't have a source of income? + +I wrote about it earlier [here](https://sikkanam.com/use-credit-cards-to-improve-cibil-score-get-cheaper-loans/). + +&#x200B; + +## Does CIBIL determine my credit utilization based on my credit card bill amount? + +No. CIBIL gets your outstanding from the credit card company once a month on any random day. So it is important to note that 30% means the day end outstanding on your credit card on any given day and not the bill amount for that month. + +&#x200B; + +## But I have a low credit limit on my credit card and my purchases will inevitably be more than 30% each month… + +You can ask for a credit limit upgrade (after 6 months to a year) if you have been paying on-time. If that is denied, whenever you make a purchase that exceeds 30% of your limits, you can pay off a portion of your credit card outstanding to bring it under 30%. While this has a low impact anyway, (about 5-20 points might be deducted for high utilization) it might make a difference to some. + +**Note:** The movement of CIBIL score increases are based on my observations from my experiments and also from work experience. YMMV. + +&#x200B; + +# Where can I check my CIBIL score? + +It is worth noting that you do not need to check it often or pay for it. Just follow the rules and you should be good to go. + +* Free - OneScore app suggested by u/EwanChatty +* Free - [HDFC](https://www.hdfcbank.com/personal/pay/payment-solutions/loan-repayment/check-your-free-cibil-score) (once a month) suggested by u/Strawberrylabs +* Free - PayTM suggested by u/combatant007 +* Free - CIBIL website (one free check - However, they spam you with loan offers afterwards) +* Free - Some premium segment of banks offer free CIBIL checks online +* Paid - CIBIL wesbite, 800 for 6 months, 1200 for a year. + +Note: CRED doesn't offer CIBIL score checks. They use Experian and CRIF scores (which are competitors to CIBIL) but AFAIK, they are used by no major bank. +1:09p ET 9/16/2021 - Benzinga +Sen. Elizabeth Warren Asks Federal Reserve To Ban Its Leaders From Trading Stocks +Mentioned: AAPL AMZN BABA CVX GE +Sen. Elizabeth Warren (D-MA) has called on the 12 regional presidents of the Federal Reserve System to enact new rules to prevent their leaders from individual stock trading. + +What Happened: Warren, who is the chairwoman of the Senate Banking, Housing and Urban Affairs Subcommittee on Economic Policy, made her request following news reports that Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren actively traded stocks and other investments during 2020. + +The Wall Street Journal reported Kaplan made multiple stock trades of more than $1 million each involving shares of Apple Inc (NASDAQ: AAPL), Alibaba Group Holding Ltd. -ADR (NYSE: BABA), Amazon.com, Inc. (NASDAQ: AMZN), Chevron Corporation (NYSE: CVX) and General Electric Company (NYSE: GE), while Rosengren focused his trades on real estate-related securities. + +Warren pointed out that although Kaplan and Rosengren pledged to sell their individual stock holdings and no longer trade individual stocks, their actions created conflicts of interest and potential self-dealing. + +'This controversy over asset trading by high-level Fed personnel highlights why it is necessary to ban ownership and trading of individual stocks by senior officials who are supposed to serve the public interest,' Warren stated. 'Regional Fed leaders must ban the ownership and trading of individual stocks by senior officials, and impose strong and enforceable ethics and financial conflicts of interest rules for themselves and their staff to restore public trust.' + +Related Link: Sen. Elizabeth Warren Asks Federal Reserve To Break Up Wells Fargo + +What Else Happened: Warren also raised attention to her proposed Anti-Corruption and Public Integrity Act, which she said was designed to strengthen conflict of interest and recusal requirements of government officials by banning individual stock ownership by members of Congress, senior congressional staff, federal judges, members of the presidential cabinet, White House staff and other senior agency officials while they are in office. + +Warren's legislation also included provisions to prevent federal government officials from holding or trading stock in companies that could influence their agency, department or actions. It also requires senior government officials and White House staff to divest from privately owned assets that could present conflicts, including large companies and commercial real estate. + +Warren introduced the Anti-Corruption and Public Integrity Act in 2018 without co-sponsors and was never acted upon by the Senate. She reintroduced the legislation in 2020, again without co-sponsors, and the bill was referred to the Senate Finance Committee but has yet to be brought up for consideration. + +Photo: Gage Skidmore / Flickr Creative Commons. + +© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. +Before I speak I want to say that I do believe in the MOASS and am fairly confident it will happen but do you know what gives me more FUD than any shills or doubters? + +- When conspiracy theorist QAnon-level shit gets massively upvoted on to the front page, for an example the 5.13.21 DFV tweet that everyone seems to take on gospel even though its a smash brother's clip that has been famous on the internet for literally over a decade. Don't even get me started on how the fuck would DFV know to begin with. + +- When anyone with doubts or uncertainties is automatically downvoted out of this world and called shill/fud. + +- When you have blatantly incorrect claims and DDs up that have been proven incorrect and all the OP does is ignore it, confusing everyone and giving them false hope. for example https://www.reddit.com/r/Superstonk/comments/n7byxy/holy_hell_rule_nscc2021006_shows_up_to_save_the/ + +- Or alternatively for example when people bring up old findings that are dated to december, for example https://www.reddit.com/r/Superstonk/comments/n7g5gp/citadel_securities_has_over_57500000000_in_open/, as if its something new. Picking on this post isn't quite fair because there is actual DD there outside of the beginning statement, but reading the beginning makes it seem like a bombshell has been found when this file has been circulating forever and there is no new information in it. It is inspiring false hope in people. + + +Now imagine you are trying to get a new ape involved in GME, you send him links to the dd and he starts reading and thinking wow this makes a lot of sense, I do see a possibility in this etc etc. Do you know what the next move is? He is probably going to click on the front page of the subreddit and see the extreme levels of shit tier posts going on and be turned off. Perhaps the fucking squeeze would have taken off already if every new investor wasn't immediately turned off by some of the shit on the sub. + +You have people acting as if they've already won when we don't even know if the SHFs are even still short 100%. Maybe they pulled some bullshit out of their arse and got out of it, how the fuck should we know? the data is not transparent and we are betting against some of the biggest money in the world. If the squeeze somehow doesn't happen I seriously worry about the people in this subreddit that have had their hopes pumped up that they get to be the 1% going long on $ROPE. + + +All that being said, I am a believer in the MOASS only because there has been too much smoke and where there is smoke there is fire. All I am asking for is stricter moderation to make this place seem less like a QAnon cult. The memes are fine but linking everything in the world to GME in some distorted theory makes everyone else seem like an idiot. + +Anyway, that's my rant. BUY. HODL. VOTE. +Just received the message: + +> Dear Investor, This is to inform you that the Total Expense Ratio for UTI Nifty Index Fund - Direct Plan has been revised from @ 0.10% to @ 0.18% with effect from 16/04/2021.For further details, please visit our website UTI MF + +That’s an 80% increase, I’ve been reading about expense ratio increases in MFs recently on this sub some of which have increased 2x or even more. What could be the possible reason? + +This, coupled with the introduction of the 0.005% Stamp duty a few months ago, effectively reduces both the invested amount and potential returns. +Thought I would add something for a change, take this FWIW. Here is my strategy: + +1 - DCA +I am buying this week. I will be buying next week and the week after. Catch a falling knife, wait for the bottom, blahs blahs blahs. I am buying. I am mostly in index funds, although I have positions in several large companies also. I have been around a while, possibly longer than many people here. I was also buying in 2008 when people were freaking out and I have done quite well + +2 - Unsubscribe from this sub +Seriously. This place has become a fear mongering echo chamber lately. Last week people were asking if they should buy at all time highs. Now people are shitting themselves because everything is on sale. I am going to Unsubscribe and try to focus more on my side hustles to generate more cash for buying (see item #1). I am not saying this to be a dick. I am saying it because it is legit unhealthy to freak out and surround yourself with other people that are freaking out. + +Take a deep breath. New flu strains surface from time to time, it is very cyclical. Yes, things will get a little worse, but it will rebound and people who buy will be the beneficiaries (don't buy with your rent money obviously, just be smart). Watch what happens when a vaccine is announced. + +Just my two cents. I am going to Unsubscribe now and go for a run. Because good mental & physical health is key. + +Downvote away and peace out brothers. +**NABATI FOODS** + +Nabati Foods Website: [https://www.nabati.ca/](https://www.nabati.ca/) + +Ticker: MEAL + +Tentative trading date : Early to mid July, 2021 + +Nabati Foods Investor Website: [https://invest.nabatifoods.com/](https://invest.nabatifoods.com/) + +&#x200B; + +[Nabati Foods going public under the ticker MEAL on the CSE](https://preview.redd.it/ktqnsf3ni2871.png?width=1712&format=png&auto=webp&s=03df56ce1fb8fd29823872f9e7baab82ed431678) + +Unless you live under a rock or a die hard meat eating hunter you've at the very least noticed the explosive growth of the plant-based and alternative protein sector take the world by storm. + +&#x200B; + +**PLANT BASED MARKET** + +"The plant-based food market is expected to grow at a CAGR of 11.9% from 2020 to 2027 to reach $74.2 billion by 2027. + +Nabati Foods Global (Soon to be publicly listed on the CSE under the ticker MEAL) is the owner of Nabati Foods, a family-founded food tech company offering whole, natural, plant-based, gluten, and soy-free foods for health-conscious consumers. Nabati was founded in 2014 and has four signature product lines including dairy-free cheesecakes, cheese alternatives, and plant-based meats. Nabati products are distributed in Canada and the US through grocery, foodservice, and industrial channels. + +&#x200B; + +[Nabati is the answer to growing consumer demand](https://preview.redd.it/o5t0h1fzy1871.png?width=2583&format=png&auto=webp&s=145ac0a5bc0cf72bbccd763f9e39ac13cfc7bc1b) + +Nabati isn't one of those bandwagon public companies that are just jumping into a hot sector. They are actually being used and sold in major chains with top rated reviews of their products with high demand from consumers & rapidly expanding into new markets across the globe. + +&#x200B; + +**NABATI PRODUCTS** + +&#x200B; + +[High demand plant-based product line](https://preview.redd.it/e3g5612x02871.png?width=2200&format=png&auto=webp&s=7341d448d41ff8b92271a7b60936307b0a69d361) + +&#x200B; + +**Current products include...** + +\- **Dairy-free Cheesecakes:** A whole food natural alternative to legacy cheesecakes using quality ingredients. + +\- **Nabati Cheeze:** Cheese Alternatives so popular that we can’t keep up with demand. It tastes and melts like dairy cheese! + +\- **Plant-based Meats:** Meat alternatives addressing the gap in the market. + +\- **Nabati Egz:** We are developing plant-based egg alternative in liquid state that consumers and chefs can cook to make scrambled eggs or omelets + +"Demand for our products, especially Nabati Cheeze, has been so enormous, that we had waiting lists that were several months long," said Ahmad Yehya, CEO of Nabati Foods" + +The market is in the early stages of incredible growth and their proven business model positions them at the forefront, making now the right time to invest. + +&#x200B; + +[Great branding on their products goes a long way](https://preview.redd.it/pxav2kjti2871.png?width=1978&format=png&auto=webp&s=14888b8e7505ce87c9db75786450ce692b7ec64b) + +&#x200B; + +**EXPANSION** + +Not only are they in multiple retailer chains as well as over 100 independent locations what really stands out is their recent news flow of expansion into well-known food franchises, major grocery chains and even expanding into Europe and Asia + +[Multiple national retailers](https://preview.redd.it/j54rdwgx52871.png?width=1359&format=png&auto=webp&s=9126f7bd9e37bffe538515d16b0fca2defefc580) + +**Mucho Burrito** : Mucho Burrito added Nabati's vegan cheese to their menu at more than 140 locations. + +[https://vegnews.com/2021/4/mucho-burrito-vegan-cheese-at-140-locations](https://vegnews.com/2021/4/mucho-burrito-vegan-cheese-at-140-locations) + +**Metro** : Nabati Foods Products Now Available in 150 Metro Grocery Stores Across Ontario + +[https://www.globenewswire.com/news-release/2021/04/21/2214214/0/en/Nabati-Foods-Products-Now-Available-in-Metro-Grocery-Stores-Across-Ontario.html](https://www.globenewswire.com/news-release/2021/04/21/2214214/0/en/Nabati-Foods-Products-Now-Available-in-Metro-Grocery-Stores-Across-Ontario.html) + +Metro boasts 950 store locations across Ontario and Quebec, and is a leader in grocery and pharmacy under the Metro, Metro Plus, Super C, and Food Basics banners and its likely based on demand Nabati's plant based products will further expand from their current 150 locations to all of Metro's 950 locations. + +**Europe & Asia** : Nabati’s signature cheesecake is now available in Hong Kong, the Virgin Islands, and Hawaii, in addition to more than 700 stores in North America. Next up for the Edmonton-based company is European distribution, after securing a deal with major food broker the Saralex Group. + +This deal represents Nabati’s first foray into Europe, with distribution expected to start on the Iberian peninsula in Portugal and Spain soon. + +\- Canada’s Nabati Foods Announces Global Expansion Beginning with Asia and Europe + +[https://vegconomist.com/companies-and-portraits/canadas-nabati-foods-announces-global-expansion-beginning-with-asia-and-europe/](https://vegconomist.com/companies-and-portraits/canadas-nabati-foods-announces-global-expansion-beginning-with-asia-and-europe/) + +&#x200B; + +**LEADERSHIP** + +Nabati has a strong management team behind them as seen on the investor deck but one notable addition to the Nabati board that stands out is Don Robinson. A food industry heavy-weight. + +Nabati Foods, a food-tech plant based company has appointed the **former CEO and President of Mars Canada**, Don Robinson to its Board. + +&#x200B; + +[Former Mars Canada CEO Joins Nabati Foods as Executive Chairman of the Board.](https://preview.redd.it/00a2189712871.png?width=1619&format=png&auto=webp&s=3746e596a0c6c82847f81546eff34c181b50d187) + +&#x200B; + +**SHARE STRUCTURE** + +One of the most important aspects to look for in new listing is their share structure. As you can see Nabati has a very tight share structure ready for upside ... + +\*Total issued and outstanding is only approx 36 million now after raising more money at $0.50 than expected which is a clear indicator of demand. + +[Clean and tight share structure\*](https://preview.redd.it/ztw0n6we02871.png?width=797&format=png&auto=webp&s=ba3ef578b90e93eac14e346a9ee10d98bd803d85) + +&#x200B; + +**COMPARABLES** + +One look at comparables show just how attractive Nabati Foods is and how much upside there could be to close on the valuation gaps. + +&#x200B; + +https://preview.redd.it/b5a40f8j22871.png?width=1450&format=png&auto=webp&s=0b28b150cd4520698ac90580b4176e89d176d4d5 + +Really looking forward to MEAL going public, hope some value was found in this post for others and as always DYODD and GL. +I came across Spectra7 while scanning for volume on the OTC markets site and found that in the past few days there had been a bit more action with this company. I wanted to try and find a company to invest in that hadn’t yet really taken off. I have been a lurker for a while and just gained enough karma to post here. I have never done DD to this extent before (nor posted anything like this to Reddit), and thought I would do a bit of a dive and post it here for feedback, and for your information since I have not seen much posted about this company (maybe that is for good reason?). Please let me know what you think. If you think this stock is a no-go, please elaborate to help broaden the discussion. + +**Spectra 7 Microsystems Inc**.: Is a high performance analog semiconductor company targeting large, high growth markets in virtual reality (“VR”), augmented reality (“AR”), data centers, and consumer connectivity. It trades under SEV on the TSXV. + +The Company’s family of products features a patented signal processing technology used in the design of “active” cables and specialty interconnects which enable longer, thinner and lighter interconnects for VR, AR, in data centers, and for consumer connectivity products. The Company holds approximately 55 patents relating to its products. + +**Products:** + +**Virtual Reality (VR)** The Company’s next-generation VR products include the VR7050 which the Company believes to be the industry’s first chip capable of enabling lightweight, ultra-thin active interconnects for gesture recognition and motion control backhaul. + +**Augmented Reality (AR)** The Company has also developed AR products that provide similar benefit to the VR Products on thinner, shorter ‘wearable’ interconnects. + +AR-Connect™ is an AR interconnect product line that is powered by the Company’s patented wearable network signal processing technology. The Company believes its patented AR-Connect™ is the industry’s first integrated cable, connector and embedded chipset product line for AR vision systems and wearable computing devices. + +**DreamWeVR™** + +DreamWeVR™ is an extensive product line targeted at next generation 4K Ultra-HD and 5K resolution VR and AR platforms for gaming, health care, architecture and business telepresence applications. The product line includes four new chips (VR8181, VR8050, VR8200 and VR8300) featuring SpectraLinear™ technology, new VRspecific connectors and three new head-mounted display (“HMD”) interconnect configurations to support highbandwidth (up to 50Gbps), near-zero latency VR HMDs and AR glasses with reduced weight and complexity. + +**Data Centers** + +GaugeChanger™ is an innovative and disruptive silicon technology that allows copper to extend much longer lengths without the cost and power penalty of optics that are used in data centers today. It works equally well at 25 Gbps NRZ and 50 Gbps PAM-4 enabling new connector standards of 100, 200 and 400 Gbps. At present, optics are the primary alternative for data centers seeking high speed, at lengths longer than a few meters. GaugeChanger™, however, extends the life of copper with interconnects that are as fast and as thin as fiber, but at dramatically lower cost and power consumption. + +**USB 3.2 consumer interconnects** + +The Company’s active VR8050 and VR8051 chips are the industry’s first for ultra-thin implementations of USB 3.2 consumer interconnects, reducing the conductor cross section by up to 90% compared to passive cable implementations. Applications for this interconnect implemented with the new Type-C connector include ultra-thin laptops, tablets, mobile devices, solid state disks and wearable computing devices. The resulting ultra-thin cable enabled by this new Spectra7 technology allows the cable to transfer data at supercomputer speeds (up to 10 times faster) with a plug shell or over-mold and cable strain relief dimension that is thinner than the mobile device itself, a critical dimension when implementing Type-C connectors in tablets and smart phones, and up to 90% lighter than passive cable conductors that would need to be much larger in diameter. + +**Manufacturing** + +Spectra7 outsources their manufacturing. Typically technology is designed and manufactured in North America with end assembly in Asia, with shipping occurring from Hong Kong. + +**Overall Financial Performance:** + +Revenue has decreased for the three and nine months ended September 30, 3030 by $1.1M and $3.1M respectively (decrease of 79% and 82% over the same periods in the previous year). Revenue and earnings in the past year have been pretty dismal. The MD&A mentions Covid as a possible reason for this decrease. The document also mentions that most of their business comes from two clients. They must be actively trying to increase their customer base and offices in the US, Canada, Ireland and China position them well for this. They have many outstanding shares (>500M) and really need to start turning a profit and getting some consistent revenues (this is a penny stock after all). + +MD&A Q3 is here: [http://www.investorx.ca/Doc/2011301512441698](http://www.investorx.ca/Doc/2011301512441698) + +Q3 Interim Financial Statement: [http://www.investorx.ca/Doc/2011301510367481](http://www.investorx.ca/Doc/2011301510367481) + +Corporate Powerpoint: [http://www.spectra7.com/CorporateOverview-11-13-2020.pdf](http://www.spectra7.com/CorporateOverview-11-13-2020.pdf) + +**Latest Press Release** + +There was a flurry of [press releases in Q3 2020](http://www.spectra7.com/news) and most recently there were some announcements about [upsizing of private placement and closing of final tranche](http://www.spectra7.com/upsizing-privateplacement). With the net proceeds from the private placement, Spectra7 intends to repay convertible debentures, support revenue growth, pay interest on outstanding debentures and use the funds for other general corporate purposes. + +**Management Board** + +The Management board is composed of members having been part of the company for at least 3 years. They all have extensive experience in the semiconductor industry. + +In July 2020, the CFO Darren Ma resigned. He had been in that position since November 2017. He was replaced by interim CFO Dave Mier, who happens to be the former CFO who retired in 2017 (and had served since 2015). + +According to Simply Wall St., in the past year, there have been many more shares purchased by insiders than sold. + +&#x200B; + +|Time|Shares sold|Shares bought| +|:-|:-|:-| +|0-3 months|0|**13,388,550 shares** Approx. CA$401.7k| +|3-6 months|**258,684 shares** Approx. CA$5.2k|**3,425,240 shares** Approx. CA$85.6k| +|6-9 months|0|**52,875,200 shares** Approx. CA$1.3m| +|9-12 months|**462,091 shares** Approx. CA$6.9k|**40,622,400 shares** Approx. CA$609.3k| + +**From** [**TSXV**](https://money.tmx.com/en/quote/SEV) + +**Share Price** (as of market close on February 17, 2021) – $ 0.05 CAD + +**Listed Shares Outstanding (common shares)** – 592,717,66 + +**Market Cap** – 32,599,47 + +**Employees** \- 40 + +**Ownership Breakdown (from Simply Wall St.)** + +**Insider Ownership** – **25.6** + +**Institutions – 2.6** + +**Hedge Funds – 8.8** + +**General Public – 62.7%** + +**Investment Highlights:** + +\-Large, addressable markets in VR/AR and data centers, which in aggregate are expected to reach over $9 billion in 2023 + +\-Market leader in the consumer VR/AR market, Spectra7 currently has dominant market share of active copper cable PC-based VR platforms + +\-Significant traction in the data center market leading to commercial revenues later this year and driving long-term growth + +\-Tier 1 customers and end users include Foxconn, Facebook/Oculus, Luxshare-ICT and Amphenol, among others + +\-Capital light business model enables 60%+ long-term gross margins and near-term profitability + +\-New, experienced management team has a proven track record with similar semiconductor companies disrupting the cable industry + +**Industry Overview:** + +Cables – they connect systems together, and connect consumer devices to systems. Copper cabling is ubiquitous and has a very large end market. + +**Market Opportunity** – passive copper cables limit applications (can’t transmit high-speed data reliably over long lengths). Optical cables have the ability to carry a large amount of bandwidth over a larger distance and at higher speeds, but they have high upfront costs and can have energy inefficiencies resulting in high energy costs. + +**The Solution** – Active copper cables are thinner and lighter than passive copper cables, and are more energy efficient than optical cables, while still capable of transmitting high-speed data. + +Spectra7’s proprietary high performance analog silicon solution is the market-leader technology for active copper cables. + +**Data Centers** – High growth and high margin opportunity – the market is growing and being driven by cloud services, artificial intelligence, deep learning, 5G rollout, and big data growth. Active copper cable solutions utilizing Spectra7’s chips are used to connect servers, racks and computing infrastructure within a data center. Over 90% of hyperscale data enter interconnects require cables between 2-7 m and can be addressed with Spectra7’s GaugeChanger technology. As data center connection speeds approach 400G-800G, Spectra7’s chips offer up to 10x reduced power usage compared to optical cables. This results in energy savings. + +**5G** – Spectra7’s active copper cabling technology can replace expensive optical interconnects. Spectra’s active copper cable supports eCPRI and Ethernet, can extend up to 12 m, can operate in temperatures from -40 C to 85 C, and is lower cost, lower power and lower latency. + +**Risks/Challenges** + +\- Can Spectra7’s active copper cabling technology gain traction against other forms of cabling commonly used in data centres (e.g., fiber optic)? + +\- Will Spectra7 be able to make inroads in the 5G space? + +\- Will Spectra7 be able to build up a steady revenue stream and improve its financial situation? + +**Moving in the right direction** \- In October 2020, a number of press releases and a white paper were released detailing how Spectra7 is working with Molex, Foxconn, and Luxshare to help deliver cable and connection solutions to clients. Tencent is also currently using Spectra7’s data center technology and is testing more products to use in the next generation deployments. + +There is is a place active copper cabling in data centers and 5G infrastructure, and there are other applications for Spectra7's technology like in the VR and AR space. This seems like the ground floor for this company and hopefully they can build some momentum from here. + +**Some more information**: + +CEO on Tencent Partnership (Dec 2019): [https://www.youtube.com/watch?v=WumQR-bwumM](https://www.youtube.com/watch?v=WumQR-bwumM) + +Stock news re: Non-brokered private placement: [https://www.youtube.com/watch?v=Yp9MD8wJgzs](https://www.youtube.com/watch?v=Yp9MD8wJgzs) + +Conference talk with good background: [https://www.youtube.com/watch?v=bjbIwF\_mnoA](https://www.youtube.com/watch?v=bjbIwF_mnoA) + +Copper and Fibre optics Cabling can work together: [https://www.colocationamerica.com/blog/data-center-cabling](https://www.colocationamerica.com/blog/data-center-cabling) + +**My position:** 2000 shares bought at $0.05. + +**Investor Relations Inquiries** + +I have been in touch with Investor Relations at Spectra7 and here is our correspondence so far. I have asked another question about whether there are any upcoming press releases or contracts. I will update when I get an answer. If you have any other questions I encourage you to send them an e-mail. + +**Q: Are some data centers still using copper over fibre optic cabling?** + +A: Yes, In certain cases.. as copper is more energy efficient in short ranges. + +**Is Spectra7's technology able to work along with fibre optic cabling? Can data centres currently using fibre optic cabling retrofit to active copper cabling relatively easily, and is this a market Spectra7 is targeting** + +A: The ideal Data Centre will have a combination of fibre optic and active copper cables. Fibre optic for fast speeds at long ranges, and active copper for fast speeds at shorter ranges. There is huge cost to retrofit existing data centres because they cannot afford the downtime of the servers, however active copper is a lot more energy efficient which will help save millions in energy costs for the data centre operators. Therefore it is in their best interest to use our products in all cases where they are able to do so. + +**Q: Is Spectra7 targeting only new runs and new data centres?** + +A: The biggest opportunity is for new data centres, and expansions of existing + +Please do your own DD. + +Edited for formatting and added Q&As from e-mail correspondence with IR@spectra7.com +Everyone says you should get a pure term life insurance + standard health insurance (with STU) + standalone personal accident (PA) cover + standalone critical illness (CI) cover. But no one tells you how exactly. So, I took up the task to research about PA or disability insurance cover. It's worse than it looks and as [Freefincal says](https://freefincal.com/personal-accident-insurance-policy/), it's tougher than choosing a health insurance or CI cover. + +Anyway, here are my findings. + +**What is it?** + +A PA cover is basically an income replacement insurance, similar to a life insurance. The major difference, however, is that you get a **percentage of the sum** on account of death or disability. The latter part is of importance here because you are assumed to be anyway insured against death. + +That is also where the problem lies. Insurers define accident and disability as if they hired the world's smartest copywriter, got them married to the world's smartest underwriter, and asked the couple to compose the definitions. + +Borrowed from elsewhere: **An accident is a sudden, unforeseen and involuntary event caused by external and visible and violent means**. Each of those words have their own specific meanings, which when combined with the others give you a feeling that you should just sit at home and hope that Final Destination 6 will not be based on your life. + +You walking on the footpath and a car hits you (not THAT car), it's an accident. You walking on the *road* and a car hits you, it's not necessarily an accident. In other words, accident here means however the insurer defines it and not how you see it. Other invalid examples of accidents in this context are slipping in the bathroom, miscarriage, death due to drunk driving, terrorism, war, etc. The focus here is on the word unforeseen. If an incident is unforeseen, then it may qualify as an accident. Plus, what the doctor says in the medical certificate will also matter. Plus plus, an FIR will also be necessary to further establish that what happened to you was actually an accident. Plus plus plus, you will need a reliable dependent who can ensure all of this, especially if you are down and out physically. If you are dead, you can just use telekinesis. + +Only in terms of renewals, a PA cover behaves like a health insurance. You have to renew it every year. In most cases, a health test is not needed as it is not related to your health. Instead, it relates to external stimuli which cannot be assessed. More importantly, it relates to your profession. Mid-life crisis and decided to become a construction worker after being a accountant? Drop a word to your insurer. + +**What do you get?** + +On death, it's usually 100% SI. + +Permanent Total Disability (PTD) - Losing an arm or a leg, paralysis, losing eyes + +Permanent Partial Disability (PPD) - Fracturing an arm so you can't code, speech impairment so you can't host that standup show + +Temporary Total Disability (TTD) - Fracturing an arm but worse or prolonged, temporary paralysis + +In a nutshell, if you can prove that the disability (temporary or permanent) prevents you from doing your job, you can claim the insurance. Again, the focus word here is prove. + +Where it gets worse is the percentage payout. Except for death, the payout is a smaller percentage of SI. For example, PTD may get you between 50% to 100%. PPD will set you back even more. And the worst, TTD is usually a meagre weekly payout to the tune of 1% of SI (only if you are unable to work, that is). And in most cases, TTD is an add-on feature. + +This is where reading the fine print becomes even more important. + +**What it is not?** + +It is not a health insurance. You fall from your geared bicycle because you depend on BMC for roads. You hurt your knee and the medical expenses is upwards of INR 20k. A PA cover will only laugh at you. + +It is not life insurance per se. A car (again, not THAT car) hits you from behind while you are walking on a road and you die. The driver's lawyer claims negligence on your part; it's not an accident. You will be denied the claim. A PA cover will smirk at you. + +It's not CI either. It's not an emergency cover either. It's also not a vehicle-dependent PA cover. For that, the accident has to happen while you are using that vehicle. All other accidents are invalid in that context. + +**If it's so bad, why should you get it?** + +Because it covers PTD and PPD. Remember that neither will activate your vanilla life insurance. You have to die for that. But PTD and PPD can render you useless and you may not only lose your ability to work but also experience an uptick in expenses. A PA cover then acts as a cushion. + +Moreover, if you own a vehicle, PA insurance is mandatory. This is why you will see some riders in your car and two-wheeler insurance. Don't trust me? Go and check right now. + +**How to get it?** + +This is where it goes from worse to hopeless. As wise folks have told me, you should never get PA or CI riders with your life insurance. This is because your nominee will have to go from pillar to post to establish that you died because of the accident or the illness. Just being dead may not activate the insurance. This is why keeping everything separate matters, but you already knew this. + +Anyway, the PA cover offering in India is shady despite multiple circulars from IRDAI. If I recall correctly, IRDAI beat its trumpets to say that a PA cover is absolutely necessary and that all insurers should provide a basic one. The reality, however, is abysmal. [As of today](https://irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo4220&mid=27.3.8), less than a dozen insurers even have a related product. While most have restricted it as group insurance, others have - it seems after taking a page out of the copywriter-underwriter couple's handbook - gone a step ahead and just given an impression that they provide a PA cover. But once you land on their website, all you see is content written by an agency content writer looking to switch jobs, with no way to get a quote or even proceed to the next step. The worst among those is Bajaj Allianz which asks me to call them. When I try that, [it does a Groundhog Day](https://www.bajajallianz.com/health-insurance-plans/personal-accident-insurance-policy.html). Many others have only a single page talking about it and it's a blog post with typos. + +Anyway, as of today, the only insurers that provide a PA cover and on whose websites you will actually get a quote are Star, ICICI Lomb, Shriram, SBI, Reliance, and Max. Except Max and Star, none of them follow IRDAI's guidelines where they have to provide a max PA cover of at least 1 crore. If ICICI Lomb has 25 lakh cap, SBI has 5 lakh fewer. Maybe I am wrong here. There may be other insurers but they were already out of my established insurers scrutiny. + +I finally have decided to go with Max Bupa because it was easiest to get a quote and everything it says in its policy document make sense. For example, it offers 100% SI on death and PPD. On PTD, it's 125%. Of course, it's not as straightforward as I have put it. But it seems the better one out there. + +**How much to get?** + +I would recommend matching your life cover or at least a crore. Industry max cap, I think, is 2 crore but it will again depend on your income. A higher cover is better because the payouts are usually a percentage of the SI. If you can afford a higher one, why not? + +In any case, get a cover that has PPD and PTD. If you can afford, get TTD/TPD. If you want, include your spouse. + +**But really, why should you get it if it's such a hassle?** + +Because it's cheaper than the alternative: having lots of money. Also, it's not age-sensitive like a health insurance. You can get it at 24, 48, 60 - the premium won't fluctuate much. But it does depend on your profession. If you work at a factory or wear a hard hat? You will pay more premium than someone like me who is most worried about [losing my fingers](https://www.reddit.com/r/IndiaInvestments/comments/je7i6w/have_you_considered_insuring_body_parts_is_it/) and eyes. Plus, the SI is dependent on your annual income. Earn 10 LPA? You can get a max cover of 1.5 crore (15x rough estimate). + +**Bhai sach me, kyu lu mein?** + +As some of the people I spoke to about PA have said, the terms and conditions are too tricky to even bother getting one. Post an accident, if I have to run around trying to prove that it was an accident, the cover doesn't make sense. I would rather pump the premium money into a passive fund. It's a good rationale, but still it is better to have something to work on than, say, just being bedridden at home with a loss of income and a crucial body part. However, there's an [excellent comment](https://www.reddit.com/r/IndiaInvestments/comments/n59otz/personal_accident_and_critical_illness_covers/h76moyf/) from our fellow member u/an_iconoclast: + +*I've temporarily dropped the idea of PA.* + +*From what could I gather (mostly anecdotal), there can be so many terms and conditions on this that insurers can always contest it. I don't know how much of it is true, but apparent lack of experience and customer level knowledge in this regard does not give me a lot of evidence.* + +*I do feel the lack of this as a chink in my preparedness, but I feel there's no use of getting some insurance that might not get paid when it is most needed and I won't be in my best position to fight that.* + +It's hard to argue that rationale honestly, but here are some figures: for about INR 12k a year, you will get a PA cover of INR 1 crore. If you were to lose both arms and a leg tomorrow, you would be able to claim at least a good percentage of that. All the best! +BeeSafe is a secure, charitable, auto-deflationary, and truly decentralized cryptocurrency for the masses. Our mission is to protect pollinators and our investors through the means of our DAO, Treasury, Buy Backs, Wallet and more! Join us in facilitating a safe trip to the MOON for all NewBees! 🐝 + +&#x200B; + +Well respected team with multiple succesful projects behind them. Very connected in the space with large scale influencers and celebrities already showing their interest in the project. 🤩 + +&#x200B; + +&#x200B; + +Website: [https://www.beesafecrypto.com/](https://www.beesafecrypto.com/) + +Litepaper: [https://uploads-ssl.webflow.com/609d942f6dab9d8ebc98eb39/61d44c4a0c13b4e4982bfc01\_Beesafe%20Litepaper%20(1).pdf](https://uploads-ssl.webflow.com/609d942f6dab9d8ebc98eb39/61d44c4a0c13b4e4982bfc01_Beesafe%20Litepaper%20(1).pdf) + +Telegram: [https://t.me/beesafe\_crypto](https://t.me/beesafe_crypto) + +Twitter: [https://twitter.com/BeeSafeCrypto](https://twitter.com/BeeSafeCrypto) + +Chart: [https://www.dextools.io/app/ether/pair-explorer/0x38be15f071a21e9de66e297040c12e8a4ed20d2b](https://www.dextools.io/app/ether/pair-explorer/0x38be15f071a21e9de66e297040c12e8a4ed20d2b) + +&#x200B; + +**How to buy:** + +[https://app.uniswap.org/#/swap?&outputCurrency=0x462bdd68a4be090b2166627e212788cb91abb655&use=V2](https://app.uniswap.org/#/swap?&outputCurrency=0x462bdd68a4be090b2166627e212788cb91abb655&use=V2) + +&#x200B; + +🐝 Bee Inspired 🐝 + +&#x200B; + +🚀 Stealth Launch 🚀 + +&#x200B; + +💰Starting Liquidity 7 Eth + +&#x200B; + +✅ To buy set slippage to 13% + +&#x200B; + +**Supply:** + +💎 10 Million Supply + +&#x200B; + +**Tokenomics** + +**Buys:** + +🚀 3% Marketing + +🚀 3% Liquidity + +🚀 3% Team + +🚀 4% Development + +&#x200B; + +**Sells:** + +The BeeSafe Treasury + +🚀 On every sell there is an inversion tax of 17% + +&#x200B; + +The worker Bee's transport the 17% tax from every sell into the BeeSafe where it is converted to honey & ready to use for treasury buy backs or whatever the community decides. + +&#x200B; + +**Queen Bee NFT** + +&#x200B; + +This is our rare NFT that will give special privileges to those lucky holders, how does a percentage of the treasury fund sound? 🐝🐝 +As per the Parag Parikh Flexi Cap Fund's [Portfolio disclosure July,21](https://amc.ppfas.com/downloads/portfolio-disclosure/), they lost Rs. 1,37,26,912 in July for all futures contracts. + +I don't have enough experience to evaluate it. I am worried if there is a shift in fundamental values of this great fund. +Hey guys, + +I am a college student getting a couple million dollar inheritance soon from the death of a grandparent. Anyways, instead of spending items on frivolous material goods, I would love to see more of the world. + +Anyone have experience here with the National Geographic expeditions? They seem to have a ton of great options! Any recommendations for similar competitor travel programs? + +The idea of having an expert in an area take me around to learn about nature and foreign history really appeals to me (in a more FAT style). I figured I would ask here since a typical sub wouldn't have as many FAT travelers who could give some key insights. I am thinking of doing a couple "journeys" next summer (June, July) for \~10 days at a time. Going solo. Thinking about 5-10k per trip. Entire world beside Europe is fair game (been a fair number of times). Ideas and tips would be greatly appreciated :) +Appreciate that this is not strictly UKpf but Tesco meal deals are a work lunch staple for many across the country and a 13.3% increase for a frequent lunch will take its toil! + +And, arguably more importantly, a big sign to come if Tesco cannot continue absorbing cost increases! +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 +I've recently been pointed to [this story](https://www.thelocal.fr/20191022/french-more-wealthy-than-americans-and-germans/), which explains that the French are wealthier than Americans and Germans. + +But I've also read that Americans have considerably higher incomes than do the French. What is the explanation for this? Is there something going on with the French data being measured differently? Are the French profligate savers? How do they have so much more wealth than people in other countries? +see ['the great deflation'](https://en.wikipedia.org/wiki/The_Great_Deflation). Didn't seem to bad, prices went down, but purchasing power improved, and the economy mostly grew and it birthed the middle class. + +>**The prices of most basic commodities and mass-produced goods fell almost continuously; however, nominal wages remained steady, resulting in a pronounced and prolonged rise in real wages, disposable income and savings - essentially giving birth to the middle class.** + +_________________________________________________ + + +>Deflation or the Great Sag refers to the period from 1870 until 1890 in which the world prices of goods, materials and labor decreased, although at a low rate of less than 2% annually.[1] This was one of the few sustained periods of deflationary growth in the history of the United States.[2] This had a positive effect on the economy in general, as the purchasing power improved. + +>Many businesses suffered, such as warehousing, especially in the London area, due to improvements in transportation, like efficient steam shipping and the opening of the Suez Canal, and also because of the international telegraph network. Displaced workers found new employment in the expanding economy as real incomes grew.[3] + +>By contrast to the mild deflation of the so-called Great Deflation, the deflation of the 1930s Great Depression was so severe that deflation today is associated with depressions, although economic data are not quite as clear on the matter. +# 🚨[MUST WATCH CARL HAGBERG AMA](https://www.youtube.com/watch?v=KHnpPfWdf78)🚨 + +&#x200B; + +[Artwork by absolute legend u\/Bye\_Triangle](https://preview.redd.it/qdx38zyclkx61.png?width=1000&format=png&auto=webp&s=566cd7567eaa8b04d3fdd1acd8fe9076ab763e6a) + +The focus of the sub from now until June 9 is going to be **VOTING** + +We don't make claims about catalysts around here. So I'm definitely NOT telling you that this could be the catalyst. + +But the importance of exercising your right to vote cannot be understated. **THIS IS OUR ONE SHOT TO PROVE TO THE SEC AND EVERYONE ELSE WHAT IS HAPPENING. GAMESTOP NEEDS OUR HELP!!** + +Fidelity users, TDA, WeBull, Vanguard, Schwab, and more all reported being able to get their hands on their control number and vote as of yesterday. Feel free to drop a comment below if you have already voted and want to show that off!! **WE ARE GIVING AWAY VOTED STICKERS (FLAIRS) TO EVERYONE THAT HAS VOTED!! 🚀🚀🚀🚀🚀🚀** + +Be sure to check your inbox and contact your broker if you have any questions. And also be sure that if you have multiple brokerages accounts, you will need to get a different control number for each one. So if you carry shares in 3 different brokerage accounts (I do, cuz I don't trust a bitch) then you will have 3 different control numbers and will be voting 3 different times. + +&#x200B; + +**Steps to Voting:** + +1. HAVE YOUR CONTROL NUMBER + +Obtained from your broker, not to be shared with anyone. This number should be confidential. + +2. INPUT THAT CONTROL NUMBER THROUGH OFFICIAL CHANNELS ONLY (THROUGH THE GAMESTOP CORPORATE SITE OR LINKS FROM YOUR BROKER). + +Do not input your control number unless you are 100% sure that the site is legit. + +3. UNDERSTAND WHO AND WHAT YOU ARE VOTING FOR. + +Take a moment to see what the board recommends you vote for if you are unsure. This community can not tell you how to vote, only you can decide that. + +4. SUBMIT YOUR BALLOT. + +5. SHARE WITH EVERYONE HOW PROUD YOU ARE TO HAVE VOTED. + +**Gamestop's Board of Directors is urging everyone to vote as soon as possible.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +🐈 **BUT PINK, WHAT IF I HAVEN'T GOTTEN MY CONTROL NUMBER YET?! 🦧** + +**Well, did you...** + +&#x200B; + +* Check your broker inbox for proxy info✔ +* Check your email✔ +* Send a message via your broker help/chat interface✔ +* Call your broker and request your control number✔ +* Look around the comments and other posts to see if any resources have been shared that might help you in your search✔ +* Check your broker's website for an FAQ- Many have a landing page with GME specific proxy info✔ + +Keep in mind some brokers just haven't issued them yet. And some are anticipating up to a week or longer wait before you can vote. Geez, it seems almost like they're having trouble finding the shares to vote or something. 🤔 + +**I can confirm that Robinhood and TDA are issuing control numbers that come up invalid when you enter them in the official Gamestop proxy website. I don't know what that means. I am still investigating why brokers seems to have their own landing page for proxy voting. Idk am not computer nerd, am just pink cat 🤷‍♀️ I can't wait to see what Carl has to say about that!!!!** + +[More info from Euroapes trying to vote!!](https://www.reddit.com/r/Superstonk/comments/mwpqdf/europoors_what_needs_to_be_done_to_be_able_to/?utm_source=share&utm_medium=web2x&context=3) + +[And a report from Degiro](https://www.reddit.com/r/Superstonk/comments/n8bq3m/how_to_vote_with_degiro_including_template_and/?utm_source=share&utm_medium=web2x&context=3) + +# [An important word from our Mod](https://www.reddit.com/r/Superstonk/comments/mxhcnq/beware_phishing_scams_are_trying_to_steal_your/?utm_source=share&utm_medium=web2x&context=3), u/StonkU2 about online safety + +[Oh lawd they votin](https://preview.redd.it/dooejuzjlkx61.png?width=842&format=png&auto=webp&s=fcf3640208cebd80324b221e5730509ed9e3d3f4) + +**As with anything, nothing changes if you don't VOTE!! 💪** + +# 📣📣Speaking of the importance of Proxy voting...📣📣 + +&#x200B; + +**Do you apes wish you knew why we keep talking about voting being the most important play right now?!** + +**Do you wish you could ask someone what proxy voting is?!** + +**DO YOU WISH SOMEONE WOULD JUST COME AND EXPLAIN WHAT THE HELL ALL THIS MEANS?!** >!Yes please dear God!< + +&#x200B; + +**You really loved having Queen Kong, Dr. T on our Superstonk Live YouTube. Now it's time for you to meet** [**~~your Swedish Grandpa~~**](https://www.reddit.com/r/PewdiepieSubmissions/comments/kkc6k5/my_swedish_grandpa_tried_lingonberry_g_fuel_for/?utm_source=share&utm_medium=web2x&context=3)**, Retail Shareholder Rights Expert, Mr.** [**Carl Hagberg**](https://optimizeronline.com/about/)**.** + +&#x200B; + +[Queen Kong says Carl is OG Ape 💪🦍](https://preview.redd.it/w4w4ikenlkx61.jpg?width=1024&format=pjpg&auto=webp&s=b99620abe63bee2c4c4c1892ea2b01e09e7d7774) + +*"Mr. Hagberg is considered to be one of the nation’s leading experts on individual stock ownership programs. He has helped over 100 companies (including companies and government agencies in several Eastern European and Central Asian countries) to launch, improve or remarket programs aimed at customers, employees, existing stockholders and other affinity groups.* ***He is also considered to be a leading expert on the proxy voting process and has served as Independent Inspector of Election, both in contested and uncontested situations, at over 300 annual and special meetings of shareholders."*** + +Just like Dr. T and many of the others I first learned about, I first saw Carl while watching the MANDATORY DOCUMENTARY FOR ALL APES, [The Wall Street Conspiracy](https://youtu.be/Kpyhnmd-ZbU) + +. This documentary first made its rounds in the subs in early February during the bleeding red days, and it really helped me gain some perspective. **I'm serious I will give you a 💩 flair if you don't watch this documentary. Watch it and learn of the apes that came before us.** + +# [Upon Dr. T's recommendation, everyone needs to read this comment from Mr. Hagberg to the SEC regarding overvoting!🚨](https://www.sec.gov/comments/4-725/4725-4611649-176367.pdf) + +**We are honored and thrilled to have Mr. Hagberg in time to discuss these issues before the annual meeting on 6/9 ( ͡° ͜ʖ ͡°)** + +&#x200B; + +[It's the most important thing you can do. Besides HODL!](https://preview.redd.it/rh61csszlkx61.png?width=900&format=png&auto=webp&s=8fbbe8179e5316e9837f0495c138b43d228334c9) + +# A note after speaking with u/Atobitt + +As you all know, Atobitt is going to be our host for this **GAME CHANGING AMA** 💯 + +He spoke with our guest on the phone earlier today to do a bit of a walk through before show time next week. He came back so excited he could hardly get a word in. He wanted me to express the urgency and attention we need to pay Carl and what he will be telling us. + +After speaking with Carl, Ato had this to say "I'm literally not worried about any of this anymore, I am now Zen". **THIS IS HUGE!** + +&#x200B; + +# JUST LIKE WITH DR. T... IF u/ATOBITT THINKS THIS IS A GAME CHANGER, THEN I AM JACKED TO THE TITS 🚀🚀🚀🚀🚀 + +&#x200B; + +# Change is coming +It feels like there is a system deliberately set up to deter me from collecting this data. The cheapest option seems to be polygon, but they do not offer minute-by-minute data, so you have to scrape every datapoint they have and then organize it yourself. And I am having a TON of issues with their API (anyone else). Sometimes the same requests returns totally different data. What is going on here? + +EDIT: This was a problem with google cloud, not polygon. Polygon has since proven to work very well for my needs. +I have seen a lot of posts recently about best practices with car buying, but I haven't seen anything on _how to_ lease a car. So I figured I'd write this up! + +Ok, let's get this out of the way right away: Leasing isn't for everyone. In fact, it's probably a bad idea for most people. But if you are going to lease, you need to know how leases work and where they get the numbers in order to get the best deal. And knowing the numbers may actually make you realize it's a terrible deal and to stay away. + +But for this post, I'm not debating the merits of leasing, just explaining HOW the math works, what your costs actually are and how to realistically minimize those costs. + +This post will include the following info: + +- The math behind the calculation +- What kind of car to look for +- Where to find the info you need +- How to negotiate the best lease + +***The Math*** + +Let's start with how the lease monthly payment is calculated. + +The formula is: Payment = Depreciation + Finance charge. +Your depreciation is: ((Capitalized Cost - Residual Value) / Number of Months) +Your Finance charge is: ((Capitalized Cost + Residual Value) * Money Factor +So your total formula is: Payment = ((Capitalized Cost - Residual Value) / Number of Months) + ((Capitalized Cost + Residual Value) * Money Factor) + +Pretty simple right? So what do those things mean? + +Capitalized cost: This is the amount financed. Did you know in a lease, you are actually financing the depreciation? This can be higher or lower than the price of the car, depending on whether or not you are putting money down, rolling over negative equity, or tacking on fees into your payment. The lower the better! + +Residual value: This is what the manufacturer (or the bank, if using a separate lease provider) thinks the car will be worth at the end. It's expressed as a percentage. 50% or 0.50 means they think it will be worth half as much in the end. The more miles you want, the lower the residual will be. Residual can also vary by trim package (i.e., the "Limited" has a higher residual than the "Sport"). The higher the better! + +Money factor: This is the interest rate. For some reason, it's always actual interest rate / 2400. So 4% = 0.0016 and 0.9% = 0.000375. The lower (more zeroes) the better! + +Number of months: How long you want to lease for. Sometimes manufacturers juice the leases depending on months. For example, VW wanted to move Jetta GLIs off their lots a few years ago, and had insanely inflated residuals and ridiculously low money factors on 2 year leases, making them about $100/mo less than a 3 year lease. + +Refundable security deposits: This is expert level leasing. Almost no one knows about it, even dealerships. But some banks allow you to put down a refundable security deposit in order to lower your money factor. This is usually for people with low credit to secure the rates of someone with higher credit, but some let people with top tier credit put down money to get an even lower rate. I was told by the finance manager and the sales manager at one Toyota dealership that I was wrong. I asked them to call Toyota, and they came back and said "well, you learn something new everyday". If you are doing a refundable security deposit, simply calculate if the reduced payment on your lease will be higher than the guaranteed return on your money. In other words, if you put down $3000 and get $20/mo off, at the end of 3 years you'll have $3000+20x36 = $3,720. That's a 7.44% guaranteed return! + +***Type of car to look for*** + +To get the cheapest lease possible, you want to find a car that the manufacturer is discounting (this will reduce your 'cap cost'), which has a naturally high resale value (think Honda or Toyota), and a low money factor (triple zero!). + +You can monitor for specials, search online for deals, or call around when you are looking for a car. If manufacturers are advertising cheap lease deals, it probably means they are either discounting the car or offering a really cheap money factor. Just realize that if it's being advertised, you can do better by negotiating. + +As with anything, google is your friend as well: I got my parents a great lease deal by googling "current lease deals" and finding out that Mazda was basically doing interest free leases - they're driving a $30k car for $315 a month, with zero money out of pocket. + +***Where to get the info*** + +So now you know you want to lease a car. You need to start filling in the blanks. What are the sources of this information: + +- Dealerships. They won't tell you easily, but if you make it clear you are a serious buyer, they'll share the real info with you. I've found that sales managers and internet departments are the most likely ones to share the info. +- Edmunds TMV. This a great source to find out how much cars are actually selling for in your area. You can option the car and price it out and see if it's realistic to get a car below invoice or at msrp or somewhere in between. +- CarGurus. I've found this site/app super helpful for knowing what specific cars are available in an area, what the average price is, and how long the car has sat for. +- Edmunds vehicle specific forums. This is the best source I've found for up to date residuals and money factors. The mods of the forums answer specific questions on current vehicle offers. +- Google. If you google "money factor + residual + [make/model]" you might find another source that will break it down for you. + +I like to find all of the numbers, plug them in, figure out what the monthly payment would be, and then start calling dealerships to confirm my numbers are right. This makes negotiation easy - figure out what you want to pay, figure out a reasonable price, and then find someone who will sell it to you for that. Speaking of... + +***The negotiation*** + +Here's where it can get tricky. Even if you know the numbers and know what you're trying to do, they'll still try and add stuff on. There are curveballs everywhere. + +Also, it's going to be rare that you'll find a sales person who will dive into calculating at this level. They will ask you about monthly payment, your trade-in, what you want to pay. You need to be firm and stick to your plan. The last time I leased this led to me walking out of one dealership after they wouldn't play ball. Their loss, I walked into one the next weekend and leased the same car for LESS than I was willing to pay at the first one. + +The key strategy is this: _focus on the sale price of the car_. You already know the money factor and residual. Those are driven by the bank and the dealer can't budge (unless they find you another bank). You want to negotiate the lowest sale price possible. This is where the Edmunds TMV and Cargurus info is so helpful. + +Do not talk about down payments. Do not talk about monthly payments. Do not talk about trade-ins. Do not talk about _anything_ except the sale price of the car. + +Why is this so important? Because the residual is always calculated based on the MSRP of the car. But the closer the residual is to the sales price, the less depreciation you are financing. So the lower "sale price" you can base the lease on, the cheaper your payment! + +Some other tips to think about when negotiating: + +- Never put money down. All a downpayment does is reduce your cap cost. But if you drive off the lot that day and get slammed by an 18 wheeler and have the car totaled, you'll never see that money again. NEVER PUT MONEY DOWN. +- If you can, sell your car privately. Don't trade it in on a lease. Why? See above. It's money, and it may disappear. There are obviously exceptions to everything, but in general, don't trade a car in. +- Watch for additional fees. Dealers charge for document fees ($100-$500, may or may not be negotiable) and a host of other factors. Ask for these to be separated out, then decide if you want to lease them. When your money factor is near 0, you may be ok with "financing" these costs. But you may just also want to pay them up front (note: this isn't a down payment). +- Taxes: these vary by state, but in my state they're based on a prorated lease rate. So it's a monthly payment of (6.5% x calculated monthly payment) is added on to your total payment. + +So what are some real world examples: + +I currently lease a 2017 Toyota 4Runner Off Road Premium. The MSRP of my car is $40,500. Toyota was running a lease special of $399/mo with $2,999 down, plus taxes and fees for a base SR5 that goes for about $37k. Seems like a great deal, right? And I should be paying more for a more expensive vehicle than their current special, right? + +Well, I looked up on edmunds and found out that the car was actually selling for closer to $38k. Cargurus confirmed this, and also showed that several were available near me and had been sitting on lots for a couple weeks. I did some research and found out the residual was high for a 3 year, 36k mile lease (I think 65%) but the money factor was kind of meh (0.00225). Let's see the differences, using the MSRP: + +Payment = ((Capitalized Cost - Residual Value) / Number of Months) + ((Capitalized Cost + Residual Value) * Money Factor) + +((40,500 - (40,500 x .65))/36 = ($40,500-$26,325)/36 = $393.75 + +((40,500+ (40,500 x .65)) x .00225) = $150 = $544/mo . + +Ok, now let's play around with this a little bit. Let's remove $3000 from the "capitalized cost" after we learn that the average Edmunds selling price is $2500 below MSRP (and we're going to negotiate a little better than average). + +((37,500 - (40,500 x .65))/36 = $310 + ((37,500+(40,500 x .65)) x .00225) = $143 = $454/mo + +We just dropped almost $90 off the price by knowing what we can actually get the car priced out. How do we lower the price a little more? Turns out, Toyota will drop the MF from 0.00225 to 0.00153 if you put down $3600 in fully refundable security deposits, returned in full at the end of lease completion. Let's run the math again. + +((37,500 - (40,500 x .65))/36 = $310 + ((37,500+(40,500*.65)) x .00153) = $98 = $408/mo + +Another $50 off. We dropped our interest rate from 5.4 to 3.67 and the price came down accordingly. + +Now, let's plug the same numbers in and push for a dream price: $36,500. That gets my payment down to $379. With a tax of 6.25%, my final payment will be ($379*.0625)+$379 = $402. Since my goal is $400, it's now to time to call some dealerships and see if they'll play ball. + +I took out my CarGurus app, found what was on their lots, did the exact math based on exactly how they were optioned (typed the same exact cars into Edmunds), and then made specific offers and was transparent about the info I knew: + +"Hello dealer, I see you have a 2017 4runner on your lot with XYZ options. I believe the residual is 65%. My research tells me the money factor is 0.00153 with a $3600 refundable security deposit. If you'd be willing to base a lease off of a cap cost of $36,500 with no money down, then I will come in today to sign paperwork". + +Notice a few things: I share numbers that show I'm serious and have done research. I make an offer and tell them I'm ready to close the deal. I don't mention monthly payment. I confirm the numbers. + +The results of this effort: Two dealers were interested. One dealership told me to come in, then wouldn't move off MSRP. When I complained to head of biz dev at the dealer, he told me I obviously worked for Toyota - "why don't you just use your own discount to order it from the factory?". He was serious too, and said that no one who wasn't in the car industry would have the knowledge or info I had. I sent him links to CarGurus and Edmunds and never went back. The other dealer told me to come in. + +Now here's where it got interesting. The Sales Manager asked if I'd be open to working with another bank besides Toyota. He brought out a sheet from a local credit union and shared their numbers (this is something I've seen that happens when you make it clear you know what you're talking about and are serious about buying: they stop BS'ing you). + +The money factor on this bank's lease was .00165 (3.96%). Higher than Toyota's lowest, but no security deposit. And the residual was 0.68, also higher than Toyota's. + +((37,500 - (40,500 x .68))/36 = $276 + ((37,500+(40,500 x .68)) x .00153) = $107 = $384/mo + +Another $25! Now this is getting good. Now's when we started the real negotiation. I pushed for $36,500 and said I'd sign on the spot. We ended up settling on $36,900 after some back and forth. + +Final price: $366 for the car, $23 for the tax, $389/mo total, $1500 out of pocket, $40,500 car. +What was Toyota's advertised deal at the time? $399/mo, $3000 down (includes fees), for a ~$37,000 car. + +So by knowing how the lease works, I got significantly more car for less money per month, no money down, and the same out of pocket costs! + +Now, we still had to finalize a couple other things: + +- Gap insurance: You need this on a lease. The bank I was leasing included it, but apparently Toyota does not. So Another $10/mo or so in savings. +- Acquisition fee: Unfortunately, the bank makes you pay an initial fee to take possession of the car. In my instance, it was about $800, which was about $150 more than the Toyota lease. I could have added this to the cap cost and paid about $20/mo more, but I decided to pay this up front. +- First month's payment: Varies by manufacturer, but I chose to pay this up front as well. +- Plates, title, registration, etc: Varies by state. I paid them up front as well +- Document fees: Dealerships often inflate these to make money, since they often don't make money on the car itself. You can push and negotiate on these, but sometimes they'll waive them and sometimes not. And if they do waive them, you'll probably pay for it in the sale price of the car. I'm ok with a business making some money, as long as I know exactly what it is. I paid this up front as well. + +If I had rolled all of those fees into the lease, I would have basically been financing $1500 at 4%. Now there's the argument that if I rolled it in and got into an accident, the gap insurance would basically pay for it. Overall, it would have added about $50/mo to the cost of the lease, so I paid it all up front. + +So in the end, I took possession of the car for $1500, didn't have a payment for 30 more days, and now owe $389/mo for the next 3 years on a $40k+ truck. If I want to buy it in the end, it's simply the residual cost ($27,540). If I choose to buy it out before then, it's simply a matter of getting a loan or writing a check for the current buyout price that month. + +So to summarize, if you are going to lease: + +- Know how a lease works +- Use your internet resources to find out the current manufacturer rates for your car, but be open to different banks +- Learn the points to negotiate the lease on +- Don't negotiate monthly payment +- reach out to multiple dealerships, but be straightforward, respectful, and up front. +- Don't put "money down", but realize it may make more sense to pay some things up front. + + + +***Bunch of Edits/follow-ups:*** + +- well, I didn't expect the front page and 2 golds (thank you!). I was just trying to do a knowledge dump that I could share if people had questions on their lease. I always assumed my pitbulls or cat would be the thing that got me to the front page. +- the audience was /pf, which is generally against leasing. I wasn't interested in that debate, and there are plenty of sources out there to decide if a lease is for you or not, or when it makes sense and when it doesn't. Leasing isn't necessarily the cheapest way to drive (although it can be), but sometimes there's more to life than spending the least amount of money as possible to make it through your day. But there's no reason to overpay for something that you are getting, especially if understanding how it works can save you money. +- if you are going to lease, please do more research than this post! I was just sharing what I've learned. I wanted to share the numbers from mine to show how the payment can go up and down, and then shared where I found the numbers and how I approached the process. Not trying to claim it is the *best* way, just that if you are going to lease you should understand the mechanics of it. +- I got a few PMs and messages that I said not to put money down and then I did. This is a valid criticism. The first payment is due at some point and I'd rather use my rewards card than ACH for that, so the only out of pocket money I paid was the acquisition cost, doc fees, and title/reg, which was about $1100 total. In hindsight, I should have just rolled that all in and had a higher monthly payment. At the time my reasoning was that it's not cap cost reduction and I didn't want to "finance" the acquisition cost. In hindsight, the same logic applies - if the car got totaled, I'd be out that money. So do as I say, not as I do! +- thank you to everyone who provided feedback on typos and errors. I believe I fixed all of the math format edits and mixups on switching cap cost and msrp. If you see any other errors, feel free to PM me and i'll fix them. +- several people mentioned leasehackr.com. it's an awesome site and has a great calculator. If you aren't comfortable with building your own spreadsheet, just use theirs! They also have great breakdowns on things like the deal of the month if you are just looking at getting cheap leases. +- as someone said in the comments, please be respectful to folks if you're buying a car. I personally think having #s and doing research makes it easy for everyone because it removes the "is this guy BS'ing me?" part. Even the dealership that I walked out of in frustration, I thanked the sales guy for his time and told him to call me if his sales manager was willing to budge on price. But the dealer i did buy from, the sales manager said "you'd be surprised how many people think I'm trying to screw them when I offer leasing through our 3rd party bank". + +And finally, I'll say it again: if you are going to lease, please research beyond this post. Don't make 3 year commitments for thousands of dollars based on one guy's post! Hopefully my post helps you understand a little more how it works and provides a starting point for research, but it wasn't meant as a be all and end all comprehensive guide! +Hello. When I don't dabble in shitty memes and stonkery, I work within social psychology. Just thought I'd share my two cents on what we're seeing right now. + +&#x200B; + +1. The whole system is built upon keeping power and money at the top and always betting against the little guy. This has been made insanely clear over the last year. +2. The bad guys of this saga don't give two shits about whether superstonkers are pro- or anti- options. They make the markets, they obviously have methods to deal with both. +3. Their ONLY option is to stall this until (a) we quit or (b) they crash and burn along with the rest of the financial market. +4. They obviously don't want 3b if they can avoid it, so they've been playing 3a HARD. +5. Best way to break morale and make apes question their winning hand? Cause division. Make them question themselves. "FUD" it up. Who cares what topic it is. Right now it's options vs. shares, previously it's been subs, government enforcement, politics, family calling you a conspiracy theorist, you name it. +6. **THEY DON'T CARE, THEY PLAY BOTH SIDES OF EVERY "ARGUMENT" TO MAKE YOU QUESTION YOURSELVES.** + +**Wanna play options? Great.** Make sure you know what you're doing and Godspeed. + +**Wanna keep adding shares and clutch them 'til infinity? Great.** Get ready for a bumpy ride and Godspeed. + +Not entirely sure where I'm going with this, but just don't fucking engage you retarded fucks. There is no right answer to be found here, the discord is their only game. So please, lean back in your chair, lul at their efforts, enjoy the memes and praise the fucking sun. + +&#x200B; + +Peace +So I have a friend who is now 32, whom I have always looked up to. He works 7 days a week (5 days in his FT job and 2 days in his side hussle on Saturday and Sunday). He has been working hard since he was a uni student at 19 and has always lived at home with his parents. Due to his extreme frugality and savings habits, he has managed to buy two investment properties (in good locations 20km or less from CBD) and has a significant share portfolio of about $500K ish. His annual expenses are about $4000 - $5000 (which ius mostly spent on video gfames and goin gout etc because his parents pay for his other significant expenses. + +Reading these forums, I often wonder how many people could have done the same thing. I am sure some people would not have parents as caring or that they would not like to live at home for that long. However, I also hear a lot of frustration even still about housing affordability, cost of living, trying to "escape the 9-5 ratrace" etc. + +And I just wonder for those of you who could go back to the time when you were 19 (and for those whose parents would be willing to allow them to stay at home rent-free), would you do the same thing as my friend? + +Of course, living with your parents has its drawbacks. You lose a lot of independence, depending on their parenting style; and of course it can impact on your relationships. But knowing that you save $30K a year in rent and $15K a year in other expenses, would you consider this as an option, KNOWING that at 32 you would be financially free or at least in a significantly better financial position? + +For me, I'd rather live at home with parents any day than risking it, moving out and becoming beholding to whoever my 9-5 employer is. That to me is not living... You lose your job and you have to find another one. If I lose my job I already have stable accommodation and investments +Millionaire maker Stock: Drone Delivery Canada! + +In Canada alone, 150K routes have been identified with their partner Air Canada Cargo. Clearly they are a longggg way from that currently. However, that is one country and does not begin to accurately quantify DDC's ultimate potential. So, here is the simple math. This is in $US. + +150,000 routes X $15,000 per month = $2.25Billion per month or $27Billion a year. + +Now clearly DDC is nowhere close to that. So, let's start small and build: + +100 routes X $15,000 per month = $1.5M per month or $18M a year +1,000 routes X $15,000 per month = $15M per month or $180M a year +10,000 routes X $15,000 per month = $150M per month or $1.8B a year +25,000 routes X $15,000 per month = $375M per month or $4.5B a year + +Now let's talk valuation. At each of the number of routes above I have assigned a revenue-multiple based on routes and maturity of the company. Valuation multiples are as follows: + +100 routes = 100 X revenue +1,000 routes = 50 X revenue +10,000 routes = 20 X revenue +25,000 routes = 10 X revenue + +Now let's translate to company valuation i.e. market cap (revenue X multiple = company valuation/mkt cap): + +100 routes = $1.8B company value +1,000 routes = $9B company value +10,000 routes = $36B company value +25,000 routes = $45B company value + +Now let's translate to share price at each of those levels. (company value/210M shares) + +100 routes = $8.57 share price +1,000 routes = $42.85 share price +10,000 routes = $171.43 share price +25,000 routes = $214.28 share price + +Financing needs will likely result in an increased share count, so the share prices at 1,000 routes and above may need to be discounted based on future dilution. But, it should be noted that as share price increases the diluted share requirement decreases. For example: At 1k routes, if the share price is $42, the company could raise $1Billion by selling only an additional 23million shares. So, the point is, dilution is not exponential. + +So, with respect to the industry, are drones coming? Yes +Is DDC positioned as a leader and potentially "the leader" in the space? Yes + +When their is turbulence in the market, it can be easy to lose perspective. This loss is what ultimately leads to market capitulation i.e. weak-minded investors selling off shares that sophisticated investors buy at a huge discount. + +This is not investment advice. It is simply presented for the purpose of perspective. DDC still has to execute. *got this from another chat. Thanks to that person who originally posted it. +I work 2 jobs, 50 hrs/week, and I feel like I’m trying to get water out of a stone. + +Rent went up to like $1k a month, I just paid a pressing bill of $3.5k that couldn’t be put off, and I’ve gotta look into Sallie May to finance a $10k uni tuition bill due like next month. I had to take ten days off work for family reasons and now the next substantial paycheck I get won’t be until next month as well. I mentioned going on food stamps to my parents, my mom told me she didn’t raise a welfare queen and that I’m fine without it. + +I’ve got like $300 to my name lol what queen, where is she. Really frustrated that established folks I’ve talked to just don’t seem to get it. +Please cheer up. + +Money comes and goes. Financial losses hurt and I feel that some of you may have lost more than you can afford to lose. It was easy to get caught up in the frenzy. I did too, made some money, then lost money. I feel your pain. + +1. **Please do not consider any harm to yourself.** If you do, please call a help line. I care about many of you and this sub will be a good place again in the near future. +2. Find ways to get your mind off the stock market. Take a walk, watch a movie. +3. Think whether you want to sell. No shame of cutting your losses. Maybe sell some. I bought BB at $20, sold at $14. Sold half of NOK today. Still holding BBBY. Make your own decision. +4. **Do not be aggressive trying to win your money back in one or two plays.** Learn more about the market and be patient. Make smart investments in proven companies with promising growth. +5. I keep replaying the time when I thought to sell and was ready to but didn't. It hurts. I didn't sleep well for few nights. But that moment it gone and not need to relieve it and torture myself. +6. I learned a lot from this experience and will be a better investor in the future. + +What helps me cope when I lose money investing: + +1. Many other people lose a lot more money than me, go to jail for bad decisions, etc +2. I was lucky to have money to invest, some don't have money for food +3. It's just money. **You can always make money in the future** +4. **Happiness comes from small things that are not connected to money** +5. I have family and friends that care about me. + +**Please cheer up**. This is a honest supportive message. Please seek professional help if you are depressed. We'll get through this. +Hey guys, this is the next big thing. Crazy clean launch with based devs with a lot of experience driving sucessful projects. They have the tools necessary, heavy solidity coding experience and the contacts to make this explode and drive us to the moon. + + After this introduction you can read why is this so good and everyone is buying. + +One thing has become clear as the momentum on the bull run has momentarily stalled with gains wiped off the board while the patient investor bides their time. + +And that is in spite of market conditions, appetites are still strong for the next big memecoin. + +That’s right, just like how a casino keeps the lights running even when the S&P is short circuiting, the memecoin market keeps turning and **new coins to find** **10x, 100x, 1000x gains off of keep rolling out.** + +So when you find a token that has this level of support behind it **(over 100k+ whitelist subscribers, 12k+ members in TG)** and the ability to provide improved mechanics which made **SafeMoon** and **EverRise** explode **(developers of BOG, Gabe, Bingus, all teaming up)**, it’s an easy recipe for success. + +And thanks to the **revolutionized recipe Olympus provides**, all you have to do is buy the token and wait for reflection taxes to return you your investment and more. + +By taking a piece of every transaction and converting the value into **BUSD that gets reflected right into your wallet**, you can collect stables simply by watching Olympus bring in volume. + +As such, this truly is the first token to allow you to win simply by buying and holding. And that’s before considering the **buyback mechanic** that will help Olympus keep its price looking healthy and chart ascending to the gates of holy gains. + +In the steady hands of experienced professionals, expect this market cap to skyrocket following their whitelist sale and public listing on PancakeSwap. + +With **anti-bot and anti-snipe features built into the contract**, getting in at listing is a real possibility for those of us relying on our human hands. Just make sure you set that slippage and gas rate high. + +DYOR and don’t play with more than you’re willing to lose, but the **risk/reward with known teams and reputations on the line is a lot better** than what you’re going to see with most new coins out here. + +&#x200B; + +&#x200B; + +[Website](https://olympustoken.io/) + +[Telegram](https://t.me/OlympusOfficial) +>The fed­eral and state gov­ern­ments have had a good pan­demic, en­joy­ing the gusher of tax rev­enue and fed­eral largesse. But those fat years are about to end, and the po­lit­i­cal class in most places isn’t ready for it. + +> The lat­est ev­i­dence came this month in the fed­eral rev­enue news for Oc­to­ber and No­vember, the first two months of the 2023 fis­cal year. Rev­enue rose only 1%, in con­trast to an 21% in­crease in all of fis­cal 2022. In­di­vid­ual taxes rose 4% but cor­po­rate tax rev­enue fell 6% and other rev­enue fell 21%. + +> The lat­ter in­cludes Fed­eral Re­serve re­mit­tances from in­ter­est on its bond hold­ings, which fell to $1 bil­lion from $15 bil­lion, ac­cord­ing to the Con­gres­sional Bud­get Of­fice. Those re­mit­tances will turn into deficits as the cen­tral bank pares its bond port­fo­lio. + +> State rev­enues are also headed for an ad­just­ment, es­pe­cially in cap­i­tals that built in new struc­tural spend­ing oblig­a­tions dur­ing the pan­demic. Cal­i­for­nia, that means you, and Sacra­mento now faces a $25 bil­lion deficit. The New York state comp­troller is also warn­ing about po­ten­tial deficits, as fed­eral pan­demic aid winds down and tax rev­enue falls. + +> One irony is that high-tax pro­gres­sive states have ben­e­fit­ted in par­tic­u­lar from the cap­i­tal-gains in­come of the high earn­ers they claim to de­spise. But cap­i­tal-gains rev­enue is sure to plunge given the enor­mous de­cline in stock prices this year. Cor­po­rate tax rev­enue is also likely to slow as earn­ings are un­der pres­sure. + +> All of this was predictable since the good times were kept afloat by easy money and a highly progressive tax code. Federal tax receipts as a share of GDP hit a near record 19.6% in fiscal 2022, and Congress spent like it would never end. Well, it always does, and that is before the widely predicted recession in 2023.     +TL;DR **Please, stop calling this a stock split. Call it a Stock Dividend**. **That's what it is and it's important that we keep our terminology straight and not let MSM weaponize ignorance.** + +**Note: Seriously ppl, stop telling me it's a "stock split in the form of a dividend." I know. I read the release, too. I'm arguing against the use of "Stock Split" by itself. NOT the same. Use "Stock Dividend" or "Stock Split Dividend" or the best of all "Splividend".** + +Splits and dividends are basically identical except for how they affect shorts. + +A 4:1 split divides existing shares 4:1 whereas a dividend ADDS new shares. It's effectively the same thing, but the important distinction is that a dividend payment is owed by short sellers. + +I have 500 DRS'd GME shares. That means I'm owed 1,500 additional shares (to make 2,000 total) as payment for my dividend. The price of GME will drop 4x to $30 after the split (assuming a $120 value at split, just as an example). That means a short seller who had shorted my shares before I DRS'd them and never covered after I did, owes me 1,500 x $30 = $45,000 on my $60,000 worth of shares. Imagine that. They owe 75% of my entire position in payment for owed shares. Because we are DRS'd, there is no chance they do a cash payment in lieu, which is only possible for regular shareholders on brokerages. The additional issue at hand is shorts have to buy the shares from the open market, putting massive buy pressure on the price as they're trying to cover their dividend payment. They'll be lucky to fill the entire lot at $30/share. Even if they do, it's irrelevant. This is because Gamestop will release 231m new shares to brokers, but if there are 500m+ shares needed, where are they going to get those shares? Well, they'll need to cover short positions, buy shares in the open market, or print another \~250m new phantom shares. This could end up being the single largest printing of shares we've seen since the sneeze if nothing occurs, price-wise, and ultimately dig them even deeper than they were before. + +If this was a stock split, my 500 shares would be divided into 2,000 and shorts would owe nothing. + +Think about how much they will owe for all the naked shorts they've accumulated. If our true SI% estimates are correct, it could be in the billions of dollars. This is our Manhattan Project. We have finally finished our weapon of mass destruction and are employing it on the cheating, corrupt shorts. But, I digress. + +Tesla did this for their stock and [MSM called it](https://electrek.co/2022/06/10/tesla-tsla-announces-3-for-1-stock-split) a split each time. At best they would say a "stock split in the form of a dividend." When Tesla finally did their dividend, they rocketed because shorts had to cover the dividend and ultimately decided to cover their shares instead (or a mix). Keep in mind Tesla was not at a systemically broken level of short interest, either, and those of us trading in summer of 2020 know how hot Tesla was. This was part of why. + +**Please, stop calling this a stock split. Call it a Stock Dividend**. **That's what it is and it's important that we keep our terminology straight and not let MSM weaponize ignorance.** + +Edit: If you want to call this a "Split Dividend" fine, but my issue stands: The VAST majority of everyone on Superstonk, MSM, and even our biggest allies like Dave Lauer, are calling this a split without the inclusion of "Dividend". That's NOT what this is and feeds misinformation on what this means for short positions. + +Edit2: [Here's a great resource](https://www.educba.com/stock-dividend-vs-stock-split/) for the differences between a stock dividend and a stock split. [Here's](https://www.reddit.com/r/Superstonk/comments/tuoeaz/the_coming_horrors_awaiting_shorts/?utm_medium=android_app&utm_source=share) a GREAT DD on how the Stock Dividends affect shorts. It's much longer than my post, but effectively says the same thing. It's how I originally learned how Stock Dividends affect shorts and I basically parroted it. + +Edit3: Here's an example of how "Cash in Lieu" will screw retail investors over (DRS YOUR DAMN SHARES!): So, I own 500 shares at a current price of $120. That's a value of $60,000. After the dividend, I'll own 2000 shares at a price of $30, which is still $60,000. The difference is how those 1,500 shares are acquired. Shorts have to buy them in a dividend, meaning that if they manage to do a "cash in lieu", I would then own my original 500 shares, which are now worth $15,000, but I'd be given $45,000 in cash that I could then go and rebuy my shares if I wanted to. This is effectively forced selling, which should be illegal, but isn't. + +This is actually a good example of how "Cash in Lieu" will screw over retail because if I'm given $45k to go into the open market to rebuy, I won't get my 1,500 shares. I will get less, as everyone buys and the price rises. This is why it's monumentally important to DRS. + +Edit4: + +From Investor.gov ([https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates](https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates)) + +"Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date). + +If you sell your stock (aka a short seller sells their borrowed shares to be rebought later) before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares." +Good morning San Diago, + +I am Rensole, + +Do you smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/xlxwr6o9e3u61.png?width=680&format=png&auto=webp&s=8ade65933b3df58d9496c65bd03500ddc058ae28 + +None of this is financial advice, I just put the subs posts together so stuff doesn't get lost. + +# Big sell orders + +Ok first things first as this one caught my eye, it seems some people (shills or people who are fairly new to this) have spotted a sell order of about 200,000 shares. + +This won't be our boy DFV, and you know why I know?Because he likes the stock, he quadrupled down last friday, buying 50.000 from his options and 50.000 more at market price, meaning he upped his base price and spent a lot of money doing it. + +He has stated a long time ago and multiple times through the months that he really just likes the stock and he sees GME doing a turn-around, netfix style (aka being a meh company to one of the biggest). + +So going off of pure logic, why sell now ? + +&#x200B; + +https://preview.redd.it/83m6kpi8j3u61.png?width=380&format=png&auto=webp&s=5f50915423f2501d56897d2462b641e258a3816d + +# Late night Hedgies part 2; electric boogaloo + +Ok so I'm away for the weekend come home and see we have mission impossible part deux monkey boogaloo going on. + +so lets first give the sources + +[ABN AMRO](https://www.reddit.com/r/Superstonk/comments/mtkv4u/abn_amro_headquarters_in_amsterdam_top_floor/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Brazil Bank](https://www.reddit.com/r/Superstonk/comments/mtmoil/brazilian_bankers_working_hard_on_a_sunday_night/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Citadel HQ Chicago](https://www.reddit.com/r/Superstonk/comments/mt85ej/google_says_there_is_more_activity_at_citadel_hq/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[London Stock exchange](https://www.reddit.com/r/Superstonk/comments/mtepmk/london_stock_exchange_a_lot_busier_that_ususal/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Credit Suise Zurich](https://www.reddit.com/r/Superstonk/comments/mtoa1o/credit_suisse_in_zurich/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Frankfurt stock exchange](https://www.reddit.com/r/Superstonk/comments/mtlpj6/deutsche_bank_hq_train_station_reporting/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Why are banks working so late?](https://www.reddit.com/r/Superstonk/comments/mt7gpk/connecting_the_dots_google_saying_citadel_hq_busy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Hi Intern, how are you? You guys getting enough rest? please do](https://www.reddit.com/r/Superstonk/comments/mto8db/google_trends_has_a_handy_little_tool_superstonk/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +A good Ape did a great rundown in this thread [here](https://www.reddit.com/r/Superstonk/comments/mtgr19/a_breakdown_of_citadels_overnight_activity/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). + +&#x200B; + +So what the hell is going on? + +Maybe a cleaning crew? + +&#x200B; + +Well for ABN Amro I know for sure that it's most likely crypto as speculated before, as this came out today [https://www.businessinsider.nl/abn-amro-witwassen-schikking-480-miljoen-om/](https://www.businessinsider.nl/abn-amro-witwassen-schikking-480-miljoen-om/) + +So does this mean that all the institutions and banks we have seen burning the midnight oil in the weekend where doing that? no. + +ABN Amro did not themselves do money laundering but they had an obligation to check if clients where doing such things, and they didn't or failed in their efforts to do so. + +This all seem to tie together with the crypto market crashing over the weekend, as well most institutional owners can't trade in the weekend because they're closed. + +Also what's good to note is a comment made that I've read but could not verify if true, It seems that before the crash in 2008 the financial markets made the biggest moves on friday night saturday and sunday, but during the week it was business as usual, so we know what we need to look for this time around. + +One word of note though, I am fully ok with keeping an eye out on institutions, but under no circumstances should anyone make personal contact with any employees, remember they are just people working for someone else, and we should respect the personal boundaries. + +As for the pictures and videos, make sure you are following the rules and laws of your country, I know that in some countries it's legal in others it may not, so make sure you follow the law to the letter. + +They may break the law on a daily basis, but we work in the light and uphold the law, always + +https://preview.redd.it/r2cllip8f3u61.jpg?width=618&format=pjpg&auto=webp&s=2c2a4b8d424653aa2a7cc83a7b046cd8485863f9 + +# The man with the plan + +Our boy Gensler got sworn in on saturday! + +[https://www.sec.gov/news/press-release/2021-65](https://www.sec.gov/news/press-release/2021-65) + +[as wrote in this thread](https://www.reddit.com/r/Superstonk/comments/mtko2f/hypothesis_on_why_shitadel_is_working_in_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) it seems that there was an advanced notice that went out alongside it, it seems that the DTC-2021-003 may be implemented soon and there was a notice that went out to everyone that they needed to submit positions starting on Monday (or at least in the next week or so), tis could logically explain why a lot of banks were burning the midnight oil. + +Also him being sworn in on a saturday is a big thing, as the only people from the SEC heads being sworn in on saturdays were always when shit hit the fan, so... yeah gives food for thought at minimum. + +&#x200B; + +https://preview.redd.it/04c5x994q3u61.png?width=598&format=png&auto=webp&s=3c2a40296d49f2248d6b010ae7b4ec9e31c3fd7b + +Also on the dog, let me be clear, it could be that this is a person with pure intentions and wants to help out, it could also be someone who's being propped up to look as a good person only to pivot later and change their tune, but as of right now it looks like it's a good boy. + +So just as always, trust no one, double check everything and verify all info for yourself. + +&#x200B; + +&#x200B; + +https://preview.redd.it/36wmv0len3u61.png?width=1200&format=png&auto=webp&s=3eb43e3c876efbfbe406bbc942884185b39e1bb9 + +# No dates! + +Ok people let's go over this one again, no dates! we are excited for the coming weeks but as you can see, we've also seen a google search analytic that citadel is keeping a good eye out on this sub ([https://trends.google.com/trends/explore?date=today%201-m&geo=US-IL-602&q=superstonk](https://trends.google.com/trends/explore?date=today%201-m&geo=US-IL-602&q=superstonk)) + +We have been saying this for quite a bit + +https://preview.redd.it/b95kpmojl3u61.png?width=960&format=png&auto=webp&s=3fc94dc3c4713a16753f8f377a2b77e6b5cde53d + +People have been saying they have been keeping their eyes on us for quite some time, so remember no dates, just chill and sit back and let it happen. and trust me I want this to be over ASAP, but we have to keep our heads on straight and realise these idiots will try to keep breaking moral as much as they can. + +We have seen people from /biz/ come over here warning us of the same things happening to them, thread splitters, shills etc [You can see the thread here](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/). + +Things of note that you should definitely take a look at are these two links: + +[https://preview.redd.it/8yz1vusxqlt61.png?width=1169&format=png&auto=webp&s=5c2b96d2ae38e008e788b06f77508df45c795e93](https://preview.redd.it/8yz1vusxqlt61.png?width=1169&format=png&auto=webp&s=5c2b96d2ae38e008e788b06f77508df45c795e93) + +And [https://www.gutenberg.org/files/26184/page-images/26184-images.pdf](https://www.gutenberg.org/files/26184/page-images/26184-images.pdf) + +Now I'm not in any way saying that there is a bigger organisation behind things, but we have been seeing exactly these things happen, so to be clear I'm not going full conspiracy on this, but these two links do describe who and what we have been seeing going on on multiple subs and even outside of that, we have been seeing the same on /biz/ reddit and even the comment sections of etoro and Webull. + +So please read so you know what you are dealing with, as once the subjects (us) know what they are trying to do it won't work anymore. + +Also everyone is hyped that even at this price DFV likes the stock, so you can expect Shitadel to try harder then ever to keep it down so be sure to keep an eye out for my favorite books, Fuckery, Advanced Fuckery and WHAT THE FUCKERY. + +&#x200B; + +https://preview.redd.it/ethsqvr4p3u61.png?width=608&format=png&auto=webp&s=bfa3cd6c714a84267b7db70bd6e1b09fe164781a + +# Yolo with Domo + +yeah boiii, tomorrow we got our yolo specialists on, on 4/20. + +So be sure to ask these guys everything you'd like, if you want to know who they are read their description, I personally like these guys as they seem to very straight forward and even go as far as calling shit out from the media (sherman got his shares called in and MSM wrongfully said he sold these), they talked with RC on how this stock could become 1000 a piece, and how it would go etc. + +So be friendly be kind and ask them all the things you'd like to know. + +[https://www.reddit.com/r/Superstonk/comments/mtnian/official\_ama\_justin\_dopierala\_founder\_and/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mtnian/official_ama_justin_dopierala_founder_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +&#x200B; + +https://preview.redd.it/kqmejbolp3u61.png?width=305&format=png&auto=webp&s=b7a3f8f64e2c4e8ffc5611a0da18551209b2ea7e + +# DFV CONFIRMED! tinfoil hat time + +Ok this award can be given by anyone, so even though it would be cool that DFV would be handing these out it's more likely that y'all are hyping yourself up and trolls and shills are abusing this to mess with you. + +I mean for christ sake guys, anyone could give these out anonymously, so again TEMPER EXPECTATIONS. + +I'd love for it to turn out that I'm wrong on this, but chances are much bigger that these awards come from regular people then DFV himself. + +&#x200B; + +https://preview.redd.it/mkln5dd0r3u61.png?width=512&format=png&auto=webp&s=bea21547d1f9ecb0c75015b75e07554c398fd0b1 + +# Looks decent but not sure + +ok so I've seen this specific thread come up: + +[https://www.reddit.com/r/Superstonk/comments/mtftsq/i\_think\_i\_figured\_out\_what\_dfv\_knows\_and\_its/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mtftsq/i_think_i_figured_out_what_dfv_knows_and_its/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +It looks very promising but I'm gonna be 100% honest here, I have no clue if that's how it works or not. + +If so then... fucking awesome, if not nothing bad and it's just another day. + +&#x200B; + +&#x200B; + +https://preview.redd.it/2b5ra6y6r3u61.png?width=554&format=png&auto=webp&s=a56bd05e842afbfbc1f956dcdd3226599bd536c6 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/77lwojqgr3u61.png?width=400&format=png&auto=webp&s=c9595f5dd1017c80b94854819b66f94bf030d49a + +Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day I will be adding it here. + +backups: + +[https://gmebackup.tumblr.com/](https://gmebackup.tumblr.com/) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/HeyItsPixel1](https://twitter.com/HeyItsPixel1) + +[https://twitter.com/warden\_elite](https://twitter.com/warden_elite) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +And I'll be posting updates as they happen here: + +And please remember we don't know what the next few days will bring, they are exciting but we have gotten our hopes up before so please temper them, relax and try to take your mind off of things this weekend. Go get some R&R . + +&#x200B; + +If I missed anything I'm sorry but this weekend was more crazy then normal weekends, hell I'm an hour later with uploading then I normally post stuff... so wow + +&#x200B; + +Edit 1: + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-chief-executive-officer-succession-plan](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-chief-executive-officer-succession-plan) + +George Sherman out as CEO! Succession plan to be released (just released less than a few minutes ago) + +[https://gamestop.gcs-web.com/node/18826/html](https://gamestop.gcs-web.com/node/18826/html) +Robinhood, Citadel and all the other fuckers with short positions in GME are acutely aware of how much hatred retail traders have for Robinhood because of the buying restrictions placed on GME in January. + +They are very well aware that many retail traders will be tempted to short Robinhood as a show of defiance. + +Let me ask you something, if the hedgies see all the people who hold the very stock that is threatening their bankruptcy suddenly open short positions in Robinhood, what would be the most logical thing for them to do? If you said "pour a lot of money into long positions on Robinhood to short squeeze retail traders" you would be correct. + +DO NOT TOUCH THE ROBINHOOD IPO!! DO NOT GO LONG ON IT, DO NOT GO SHORT ON IT, IGNORE IT. + +The last thing any retail trader wants is to be margin called and forced to sell their GME shares to cover by the very people who deserve that exact scenario. + +&#x200B; + +&#x200B; + +Not Financial Advice ;) +What do you do with the money that I’m saving now? Just tack on to the emergency pot? Also, ppl have told me I can buy something expensive but legit for my work but I just don’t want to spend any savings at all. Is this normal? Like I feel like I can’t part with the money! Anyway thanks for your insights +**I am getting increasingly worried about the amount of warning signals that are flashing red for hyperinflation- I believe the process has already begun, as I will lay out in this paper. The first stages of hyperinflation begin slowly, and as this is an exponential process, most people will not grasp the true extent of it until it is too late.** I know I’m going to gloss over a lot of stuff going over this, sorry about this but I need to fit it all into four posts without giving everyone a 400 page treatise on macro-economics to read. Counter-DDs and opinions welcome. This is going to be a lot longer than a normal DD, but I promise the pay-off is worth it, knowing the history is key to understanding where we are today. + +**SERIES (Parts 1-4) TL/DR: We are at the end of a MASSIVE debt supercycle. This 80-100 year pattern** ***always*** **ends in one of two scenarios- default/restructuring (deflation a la Great Depression) or** [**inflation**](https://imgur.com/gallery/3rduvh3) **(hyperinflation in severe cases (a la Weimar Republic). The United States has been abusing it’s privilege as the World Reserve Currency holder to enforce its political and economic hegemony onto the Third World, specifically by creating massive artificial demand for treasuries/US Dollars, allowing the US to borrow extraordinary amounts of money at extremely low rates for decades, creating a Sword of Damocles that hangs over the global financial system.** + +**The massive debt loads have been transferred worldwide, and sovereigns are starting to call our bluff. Governments papered over the 2008 financial crisis with debt, but never fixed the underlying issues, ensuring that the crisis would return, but with greater ferocity next time. Systemic risk (from derivatives) within the US financial system has built up to the point that collapse is all but inevitable, and the Federal Reserve has demonstrated it will do whatever it takes to defend legacy finance (banks, broker/dealers, etc) and government solvency, even at the expense of everything else (The US Dollar).** + +I’ll break this down into four parts. ALL of this is interconnected, so please read these in order: + +# Updated Complete Table of Contents: + +* [Part 1.0: The Global Monetary System](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 1.5: Triffin’s Dilemma and the New Rome**](https://www.reddit.com/r/Superstonk/comments/o4w45f/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 2.0: Reflexivity and the Shadows of Black Monday**](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/) +* [**Part 2.5: Derivatives and the Alchemy of Risk**](https://www.reddit.com/r/Superstonk/comments/o72fc1/the_dollar_endgame_part_25_the_ouroboros/) +* [**Part 3.0: Debt Cycles and Great Depression**](https://www.reddit.com/r/Superstonk/comments/ogzoco/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 3.5: The Money Illusion**](https://www.reddit.com/r/Superstonk/comments/oh0m2s/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.0: The Weimar Republic**](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.1: Nightmare of Hyperinflation**](https://www.reddit.com/r/Superstonk/comments/ppenly/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.2: Financial Gravity & The Fed’s Dilemma**](https://www.reddit.com/r/Superstonk/comments/qassc0/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.3: Economic Warfare & The End of Bretton Woods**](https://www.reddit.com/r/Superstonk/comments/stz5lm/hyperinflation_is_coming_the_dollar_endgame_part/) +* Part 5.0: A Story of Fire & Ice: The Finale + +# “Enter the Dragon” + +&#x200B; + +[The Inflation Dragon](https://preview.redd.it/ll2dwa6i343a1.jpg?width=1124&format=pjpg&auto=webp&s=bf6a22b1f186a12b9db1e906e2532af6535b0e21) + +&#x200B; + +# PART 5.0 “The Monster & the Simulacrum” + +“In the 1985 work “Simulacra and Simulation” French philosopher Jean Baudrillard recalls the Borges fable about the cartographers of a great Empire who drew a map of its territories so detailed it was as vast as the Empire itself. + +**According to Baudrillard as the actual Empire collapses the inhabitants begin to live their lives within the abstraction believing the map to be real (his work inspired the classic film "The Matrix" and the book is prominently displayed in one scene).** + +**The map is accepted as truth and people ignorantly live within a mechanism of their own design and the reality of the Empire is forgotten. This fable is a fitting allegory for our modern financial markets.** + +**Our fiscal well being is now prisoner to financial and monetary engineering of our own design.** Central banking strategy does not hide this fact with the goal of creating the optional illusion of economic prosperity through artificially higher asset prices to stimulate the real economy. + +**While it may be natural to conclude that the real economy is slave to the shadow banking system this is not a correct interpretation of the Baudrillard philosophy-** + +**The higher concept is that our economy IS the shadow banking system… the Empire is gone and we are living ignorantly within the abstraction. The Fed must support the shadow banking oligarchy because without it, the abstraction would fail.” (**[**Artemis Capital**](https://artemiscm.docsend.com/view/74nw2t766wnvnuwj)**)** + +&#x200B; + +# The Inflation Serpent + +To most citizens living in the West, the concept of a collapsing fiat currency seems alien, unfathomable even. They regard it as an unfortunate event reserved only for those wretched souls unlucky enough to reside in third world countries or under brutal dictatorships. + +Monetary mismanagement was seen to be a symptom only of the most corrupt countries like Venezuela- those where the elites gained control of the Treasury and printing press and used this lever to steal unimaginable wealth while impoverishing their constituents. + +**However, the annals of history spin a different tale- in fact, an eventual collapse of fiat currency is the norm, not the exception.** + +In a study of 775 fiat currencies created over the last 500 years, researchers found that approximately [599](https://web.archive.org/web/20090116163658/http://dollardaze.org/blog/?page_id=00017) have failed, leaving only [176](https://web.archive.org/web/20090116163653/http://dollardaze.org/blog/?page_id=00016) remaining in circulation. Approximately 20% of the 775 fiat currencies examined [failed due to hyperinflation](https://www.cato.org/sites/cato.org/files/pubs/pdf/hanke-krus-hyperinflation-table-may-2013.pdf), 21% were destroyed in war, and 24% percent were reformed through centralized monetary policy. The remainder were either phased out, converted into another currency, or are still around today. + +**The average lifespan for a pure fiat currency is only 27 years- significantly shorter than a human life.** + +Double-digit inflation, once deemed an “impossible” event for the United States, is now within a stone’s throw. Powell, desperate to maintain credibility, has embarked on the most aggressive hiking schedule the Fed has ever undertaken. The cracks are starting to widen in the system. + +**One has to look no further than a simple graph of the M2 Money Supply, a measure that most economists agree best estimates the total money supply of the United States, to see a worrying trend:** + +&#x200B; + +[M2 Money Supply](https://preview.redd.it/td9z73q1443a1.png?width=684&format=png&auto=webp&s=e188dbf78a594cc9bd938b53ac376b35a72a3939) + +**The trend is exponential. Through recessions, wars, presidential elections, cultural shifts, and even the Internet age- M2 keeps increasing non-linearly, with a positive second derivative- money supply growth is accelerating.** + +This hyperbolic growth is indicative of a key underlying feature of the fiat money system: **virtually all money is credit.** Under a fractional reserve banking system, most money that circulates is loaned into existence, and doesn't exist as real cash- in fact, around 97% of all “money” counted within the banking system is debt, in one form or another. (See Dollar Endgame Part 3) + +Debt virtually always has a yield- that yield is called interest, and that interest demands payment. Thus, any fiat money banking system MUST grow money supply at a compounding interest rate, forever, in order to remain stable. + +Debt defaulting is thus quite literally the destruction of money- which is why the deflation is widespread, and also why M2 Money Supply shrank by 30% during the Great Depression. + +&#x200B; + +[Interest in Fractional Reserve Fiat Systems](https://preview.redd.it/y65qpf19443a1.png?width=683&format=png&auto=webp&s=6592ad28e59f1aa8ef7b71a57af6595d333d5a2f) + +**This process repeats ad infinitum, perpetually compounding loan creation and thus money supply, in order to prevent systemic defaults. The system is BUILT for constant inflation.** + +In the last 50 years, only about 12 quarters have seen reductions in commercial bank credit. That’s less than 5% of the time. The other 95% has seen increases, per data from the [St. Louis Fed.](https://fred.stlouisfed.org/series/TOTLL) + +&#x200B; + +[Commercial Bank Credit](https://preview.redd.it/05uz68ug443a1.png?width=686&format=png&auto=webp&s=48be4cdc1c48e4c2ebbb94a12ba2932b1d0eea45) + +**Even without accounting for debt crises, wars, and government defaults, money supply must therefore grow exponentially forever- solely in order to keep the wheels on the bus.** + +**The question is where that money supply goes- and herein lies the key to hyperinflation.** + +&#x200B; + +In the aftermath of 2008, the Fed and Treasury worked together to purchase billions of dollars of troubled assets, mortgage backed securities, and Treasury bonds- all in a bid to halt the vicious deleveraging cycle that had frozen credit markets and already sunk two large investment banks. + +These programs were the most widespread and ambitious ever- and resulted in trillions of dollars of new money flowing into the financial system. Libertarian candidates and gold bugs such as Peter Schiff, who had rightly forecasted the Great Financial Crisis, now began to call for hyperinflation. + +The trillions of printed money, he claimed, would create massive inflation that the government would not be able to tame. U.S. debt would be downgraded and sold, and with the Fed coming to the rescue with trillions more of QE, extreme money supply increases would ensue. An exponential growth curve in inflation was right around the corner. + +Gold prices rallied hard, moving from $855 at the start of 2008 to a record high of $1,970 by the end of 2011. The end of the world was upon us, many decried. Occupy Wall Street came out in force. + +**However, to his great surprise, nothing happened. Inflation remained incredibly tame, and gold retreated from its euphoric highs. Armageddon was averted, or so it seemed.** + +**The issue that was not understood well at the time was that there existed two economies- the financial and the real. The Fed had pumped trillions into the financial economy, and with a global macroeconomic downturn plus foreign central banks buying Treasuries via dollar recycling, all this new money wasn’t entering the real economy.** + +&#x200B; + +[Financial vs Real Economy](https://preview.redd.it/jvliuxfr443a1.png?width=707&format=png&auto=webp&s=90e31205646607d44bf90cd3ecd14381632705bf) + +Instead, it was trapped, circulating in the hands of money market funds, equities traders, bond investors and hedge funds. The S&P 500, which had hit a record low in March of 2009, began a steady rally that would prove to be the strongest and most pronounced bull market in history. + +The Fed in the end did achieve extreme inflation- but only in assets. + +**Without the Treasury incurring significant fiscal deficits this money did not flow out into the markets for goods and services but instead almost exclusively into equity and bond markets.** + +&#x200B; + +[QE Stimulus of financial assets](https://preview.redd.it/wbsljpn9543a1.png?width=1802&format=png&auto=webp&s=7f5818db7710632fe5a8e30667d1ffbad87e2e97) + +**The great inflationary catastrophe touted by the libertarians and the gold bugs alike never came to pass- their doomsday predictions appeared frenetic, neurotic.** + +Instead of re-evaluating their arguments under this new framework, the neo-Keynesians, who held the key positions of power with Treasury, the Federal Reserve, and most American Universities (including my own) dismissed their ideas as economic drivel. + +**The Fed had succeeded in averting disaster- or so they claimed. Bernanke, in all his infinite wisdom, had unleashed the “**[**Wealth Effect**](https://www.investopedia.com/terms/w/wealtheffect.asp)**”- a crucial** [**behavioral economic**](https://www.investopedia.com/terms/b/behavioraleconomics.asp) **theory suggesting that people spend more as the value of their assets rise.** + +An even more extreme school of thought emerged- the [Modern Monetary Theorists](https://www.businessinsider.com/personal-finance/modern-monetary-theory#:~:text=Modern%20Monetary%20Theory%20(MMT)%20is,Federal%20Reserve%20Bank%20of%20Richmond.)\- **who claimed that Central Banks had essentially discovered a ‘perpetual motion machine’- a tool for unlimited economic growth as a result of zero bound interest rates and infinite QE.** + +**The government could borrow money indefinitely, and traditional metrics like Debt/GDP no longer mattered. Since each respective government could print money in their own currency- they could never default.** + +**The bill would never be paid.** + +**Or so they thought.** + +&#x200B; + +# The American Reckoning + +This theory helped justify massive US government borrowing and spending- from Afghanistan, to the War on Drugs, to Entitlement Programs, the Treasury indulged in fiscal largesse never before seen in our nation’s history. + +&#x200B; + +[America's Finances](https://preview.redd.it/hjc93fdn543a1.jpg?width=2016&format=pjpg&auto=webp&s=4d9f829503902d5847eec4ae62606b3e4417364a) + +**The debt continued to accumulate and compound. With rates pegged at the zero bound, the Treasury could justify rolling the debt continually as the interest costs were minimal.** + +Politicians now pushed for more and more deficit spending- if it's free to bailout the banks, or start a war- why not build more bridges? What about social programs? New Army bases? Tax cuts for corporations? Subsidies for businesses? + +**There was no longer any “accepted” economic argument against this- and thus government spending grew and grew, and the deficits continued to expand year after year.** + +**The Treasury would roll the debt by issuing new bonds to pay off maturing ones- a strategy reminiscent of Ponzi schemes.** + +**This debt binge is accelerating- as spending increases, (and tax revenues are constant) the deficit grows, and this deficit is paid by more borrowing. This incurs more interest, and thus more spending to pay that interest, in a deadly feedback loop- what is called** [**a debt spiral**](https://www.economicshelp.org/blog/5118/economics/debt-spiral-explained/)**.** + +&#x200B; + +[Gross Govt Interest Payments](https://preview.redd.it/g1wt3b4t543a1.png?width=638&format=png&auto=webp&s=ae8191214c65efeecaf943474b40f272f0fcffb1) + +**The shadow threat here that is rarely discussed is Unfunded Liabilities- these are payments the Federal government has promised to make, but has not yet set aside the money for. This includes Social Security, Medicaid, Medicare, Veteran’s benefits, and other funding that is non-discretionary, or in other words, basically non-optional.** + +**Cato Institute** [**estimates that these obligations sum up to $163 Trillion**](https://www.cato.org/blog/federal-debt-unfunded-entitlement-promises)**. Other estimates from the** [**Mercatus Center put the figure at between $87T as the lower bound and $222T**](https://www.mercatus.org/system/files/debt-in-perspective-analysis.pdf) **on the high end.** + +**YES. That is TRILLION with a T.** + +**A Dragon lurks in these shadows.** + +&#x200B; + +[Unfunded Liabilities](https://preview.redd.it/r1sjk7s4643a1.png?width=786&format=png&auto=webp&s=81ee91ef0ce5e32b7fc759538760233f22a67d37) + +What makes it worse is that these figures are from 2012- the problem is significantly worse now. The fact of the matter is, no one knows the exact figure- just that it is so large it defies comprehension. + +[These payments are what is called non-discretionary, or mandatory spending](https://www.gao.gov/federal-budgeting)\- each Federal agency is obligated to spend the money. They don’t have a choice. + +**Approximately 70% of all Federal Spending is mandatory.** + +And the amount of mandatory spending is increasing each year as the Boomers, the second largest generation in US history, retire. Approximately 10,000 of them retire each day- increasing the deficits by hundreds of billions a year. + +Furthermore, the only way to cut these programs (via a bill introduced in the House and passed in the Senate) is basically political suicide. AARP and other senior groups are some of the most powerful and wealthy lobbying groups in the US. + +If politicians don’t have the stomach to legalize marijuana- [an issue that Pew research finds an overwhelming majority of Americans supporting](https://www.pewresearch.org/fact-tank/2021/04/16/americans-overwhelmingly-say-marijuana-should-be-legal-for-recreational-or-medical-use/)\- then why would they nuke their own careers via cutting funding to seniors right as inflation spikes? + +**Thus, although these obligations are not** ***technically debt,*** **they act as debt instruments in all other respects. The bill must be paid.** + +**In the** [**Fiscal Report for 2022 released by the White House**](https://www.whitehouse.gov/wp-content/uploads/2021/05/budget_fy22.pdf)**, they estimated that in 2021 and 2022 the Federal deficits would be $3.669T and $1.837T respectively. This amounts to 16.7% and 7.8% of GDP (pg 42).** + +&#x200B; + +[US Federal Budget](https://preview.redd.it/9p607eg9643a1.png?width=1131&format=png&auto=webp&s=f309b9a3c2460ba92752219192d826ff5f4c4b01) + +**Astonishingly, they project substantially decreasing deficits for the next decade. Meanwhile the U.S. is slowly grinding towards a severe recession (and then likely depression) as the Fed begins their tightening experiment into 132% Federal Debt to GDP.** + +Deficits have basically never gone down in a recession, only up- unemployment insurance, food stamp programs, government initiatives; all drive the Treasury to pump out more money into the economy in order to stimulate demand and dampen any deflation. + +To add insult to injury, tax receipts collapse during recession- so the income side of the equation is negatively impacted as well. The budget will blow out. + +The [U.S. 1 yr Treasury Bond is already trading at 4.7](https://www.marketwatch.com/investing/bond/tmubmusd01y?countrycode=bx)%- if we have to refinance our current debt loads at that rate (which we WILL since they have to roll the debt over), the Treasury will be paying $1.46 Trillion in INTEREST ALONE YEARLY on the debt. + +**That is equivalent to 40% of all Federal Tax receipts in 2021!** + +&#x200B; + +In my post [Dollar Endgame 4.2](https://www.reddit.com/r/Superstonk/comments/qassc0/hyperinflation_is_coming_the_dollar_endgame_part/), I have tried to make the case that the United States is headed towards an “event horizon”- **a point of no return, where the financial gravity of the supermassive debt is so crushing that nothing they do, short of Infinite QE, will allow us to escape.** + +**The terrifying truth is that we are not headed towards this event horizon.** + +**We’re already past it.** + +&#x200B; + +[True Interest Expense ABOVE Tax Receipts](https://preview.redd.it/jmre6jnh643a1.png?width=972&format=png&auto=webp&s=9d0e5b14e2fdd98860856737deb6ab73c93a0064) + +**As brilliant macro analyst Luke Gromen pointed out in** [**several interviews late last year**](https://www.youtube.com/watch?v=csf4fdV-EOQ&t=1568s&ab_channel=Wealthion)**, if you combine Gross Interest Expense and Entitlements, on a base case, we are already at 110% of tax receipts.** + +**True Interest Expense is now more than total Federal Income. The Federal Government is already bankrupt- the market just doesn't know it yet.** + +&#x200B; + +[Luke Gromen Interview Transcript \(Oct 2021, Macrovoices\)](https://preview.redd.it/t9zxsh5l643a1.png?width=721&format=png&auto=webp&s=16afd85cc69a108ca5e62cd41d9cff6056f42545) + +&#x200B; + +**The black hole of debt, financed by the Federal Reserve, has now trapped the largest spending institution in the world- the United States Treasury.** + +**The unholy capture of the Money Printer and the Spender is catastrophic - the final key ingredient for monetary collapse.** + +**This is How Money Dies.** + +&#x200B; + +[The Underwater State](https://preview.redd.it/51kru8jdc43a1.jpg?width=2862&format=pjpg&auto=webp&s=5e72c04ca323afbe642c1af1a5e68ef379961ca8) + +\------- + +# (I had to split this post into two part due to reddit's limits, [see the second half of the post HERE)](https://www.reddit.com/r/Superstonk/comments/z8wx9i/hyperinflation_is_coming_the_dollar_endgame_part/) + +&#x200B; + +&#x200B; + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). + +\~\~\~\~\~ + +I cleared this message with the mods; + +IF YOU WOULD LIKE to support me, you can do so my checking out the e-book version of the Dollar Endgame on my twitter profile: [https://twitter.com/peruvian\_bull/status/1597279560839868417](https://twitter.com/peruvian_bull/status/1597279560839868417) + +The paperback version is a work in progress. It's coming. + +&#x200B; + +THERE IS NO PRESSURE TO DO SO. THIS IS NOT A MONEY GRAB- the entire series is FREE! The reddit posts start HERE: [https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation\_is\_coming\_the\_dollar\_endgame\_part/](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) + +and there is a Google Doc version of the ENTIRE SERIES here: [https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing) + +Thank you ALL, and POWER TO THE PLAYERS. GME FOREVER + +\~\~\~\~\~ + +# You can follow my Twitter at [Peruvian Bull](https://twitter.com/peruvian_bull). This is my only account, and I will not ask for financial or personal information. All others are scammers/impersonators. +After about four months of trying it’s become evident my real estate agent just isn’t cutting it. I’m a first time home buyer and went with someone I know from my work and I now regret that. She doesn’t go to showings with me and she doesn’t seem to have a realistic approach to finding me a home in a competitive market as I haven’t even gotten close to having a good offer. + +I want to try someone new. We never signed a contract but I don’t know the best way to get rid of her. Should I just text her saying I no longer want to work with her? And seeing as how she has put in a good amount of work over the past 4 months, should I send her some sort of compensation for her time? I feel bad knowing she gets no compensation since she has done a decent amount of work for me. She’s just not the right agent for what I need. +Welcome to the Daily Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more free and relaxed than the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + +* 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. + +*** + +Thank you in advance for your participation. Enjoy! + +Is the economic stagnation of Italy the fault of the policies of the EU, or it’s just a consequence of ineffective management on the part of the Italian political class? Would Italy be doing better if it still had the lira instead of the euro? +1. I sleep better at night knowing my money is invested exclusively in America’s largest and most successful companies. + +2. My returns will always exactly match the primary benchmark most investors measure themselves against (and which traders are trying so hard to beat). + +3. I am cheap so I want to pay minimal expense fee (0.03%). + +4. I am lazy. +For thirty years we have artificially been propping up the US economy. Low taxes, massive government spending, for the past 15 years we have had extremely low interest rates, and now we are stimulating the economy with deficits only seen previously in times of war. + +We have used every trick in the book. There's no more credit to spend, taxes are at an all-time low, interest rates are even ZERO in Japan. And yet we are barely holding it together (if you consider 10%+ real unemployment "holding it together"). + +Am I wrong to think that this is just a long-due *correction" back to where the economy would have been with out all this "stimulating" bullshit and a couple bubbles (tech, housing)? + +Isn't asinine to even aim to get back all those jobs and GDP? Wouldn't we be better off restructuring for the new (old) economy? + +EDIT: +I am not a fatalist. + +My point is that through the spending/tax imbalance + low interest rates we have essentially enacted a $15T stimulus over the past 30 years (actually bigger, when you adjust for inflation over those years). + +We don't have these tools at our disposal at the moment: We can't lower taxes (deficit Vs cuts to existing services in a weak economy). We can't spend more (deficit is too high, plus we are in danger of either default OR other nations not buying our debt). We can't cut interest rates. + +I don't believe that the GOP will back off on tax cuts until we see 7%+ GDP for 4 quarters, and then they (and Wall Street) will freak out when we try to adjust them back. + +I don't think the Dems will drop stimulus spending until we see 4-6% unemployment. + +What if those numbers are not possible without the deficit spending combined with low taxes/interest rates of the past 30 years? Would it not be better to recognize that and try to adjust our policies to reflect that? (That's the "New" economy I am talking about). This is not fatalist, this is pragmatism, no? + +Personally, I don't have a lot of faith in Washington or the general public to deal with this. I guess you could call this fatalist. +Okay, so if i got that right, If supply increases, but the market's size stays the same, prices are supposed to go down. If someone undercuts your prices, You should experience a drop in demand for what you sell, and a Drop in demand means drop in prices. + +Here is the question: Due to how digital stuff works, online piracy of video games basically creates *INFINITE* supply, for a selling cost of *ZERO.* Absolute. Nothing. + +So if the video game industry exists in a market, where there is Infinite supply of what they sell, with their prices undercut to the highest possible degree... + +Why are video games still so expensive? How didn't the entire industry implode in to nothingness due to an ecnomonical collapse of the market for video games? +The paradox that you need a experience to get a job, but need a job to get experience is an obvious issue right now. I was wondering how completely abolishing the minimum wage would impact this -- whether it would help or harm one's prospects of finding a job as well as the economy as a whole. The basic tenants of the argument I hear are as follows: + +* No minimum wage would mean that companies are more lenient to hire people for a lower wage since they aren't forced to pay them a certain wage. This means that it is easier for people to get hired for mainly the experience despite being paid less + +* Since businesses are not required to pay a certain wage, this is more healthy for start-up businesses to grow and thus means more jobs + +* People generally make rational decisions. The idea of someone working for $1/h may seem immoral/exploitative but that's assuming no one else offered them $2/h or $3/h in a competitive environment. So the fact that someone would willingly take a job at $1/h is because they don't have a lot of skills and are looking to gain experience. This is often geared toward students that usually do internships for no pay at all. + +So the core of the argument, how I hear it explained, is that the minimum wage hurts not only the employer but the employee because if you're a worker, if you cannot convince the employer to pay you the minimum wage (ex. $10/h while your labour is worth say $5/h) then you simply cannot get the job. I'm wondering how rational this thinking is and what would it look like for society today if the minimum wage was completely gone. +It really does seem ludicrous that the share price dropped today after what can only be classified as objectively stellar news. I've been scratching my head trying to figure it out but the excerpt below from Stockhouse, while probably too simplistic, seems reasonable: + +**This is only a theory, but it's the only thing I can think of that makes sense. The stalled stock price and late financials is previously agreed upon coordination between Canaccord and Medivolve from their bought deal in order to allow Canaccord time to accumulate as many shares as possible.** + +**1) April is an awfully long time between last financials and these ones.** + +**2) Canaccord can't sell their shares of .25 from the bought deal for 4 months.** + +**3) An April financial report is just beyond the date Canaccord is allowed to sell.** + +**4) Therefore, there's no immediate rush for Canaccord to make sure the SP is as high as possible before selling (and it doesn't really matter much to Medivolve in the near term either).** + +**5) This allows Canaccord two/three months to try and accumulate as many shares as they can.** + +**6) With a majority/very large position Canaccord can then hold their shares tight, raising the price, and at some point during the run-up, release an official target price of $1 or $2 or whatever, further strengthening the run-up.** + +**7) This might even get the SP above .80 for 10 consecutive trading days which triggers Canaccord's option to purchase warrants for common shares at just .40.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +Then there's this bit on [https://ceo.ca/medv](https://ceo.ca/medv) that seems to confirm the accumulation part of the theory above and how "someone" might be manipulating the price: + +**We sure pushed a lot of volume today in order to stand still price-wise. I don't see that as bad. Maybe frustrating although I think support at this level appears to be huge. If someone is trying to accumulate they aren't letting drop to far down. Makes for lighter lifting when it's time to push the button for one of the higher floors... Penthouse 2 anyone ?** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +Regardless, it seems clear to me that whatever us little guys think or do, the share price isn't going to move significantly until someone more influential than us deems it so. So with that said, I know I have been posting an awful lot about MEDV recently, trying to raise awareness, but it's mostly futile. Until the share price gets into the .70s or higher, I am officially bowing out of any further discussion. +Age 48, NW \~$11M, acquired largely through company sale. + +I became financially independent about 4 years ago when I sold my company. With our NW, and our roughly $250K / year all-in expenses, I don't really need to work ever again. Of course, I still am - I consult a bit with my old company, and I'm now teaching entrepreneurship at a local very well-known private university. I'll likely be backing away from my old company soon, and just teaching - basically as an adjunct, so the salary is minimal. I do it as a way to give back. + +A friend of mine had exactly the same path as me (started a similar company, sold it for a similar amount), just 8 years before me. So he's now about 12 years "ahead" of my on this path. He told me that it took him about 10 years, including a couple of huge market downturns, to really realize that he was completely FI and could "relax". + +I'm definitely still in that "need to be careful or I could lose it all" mindset - even though with our NW, our spending, and my ability to continue to make an income, our actual life risk is very very low. + +For those of you who have stepped away from making a large income and are FI, how long did it take to really feel "real"? +I’ll make it easy for you. Here’s a list of things you need to do to take 50% of Trading212 customers: + +# 1 – Understand that your new to be customers want to trade US stocks. + +This is something that Trading212 understands and they offer **more US stocks than you**. Shame on you. + +**Do you not like money?** + + +# 2 - Allow people to login to your platform when the NYSE is open. + +This might sound obvious but it’s not something Trading212 has been able to do. So if you can do this, you are on your way. + +# 3 – For UK users – OFFER ISA & LISA ACCOUNTS + +This is also something Trading212 understands. + +Do not underestimate how conservative and savings oriented your future UK customers are. + +Why don’t you offer at least a **Stocks & Shares ISA**? Do you really hate money that much? + +# 4 – For EU users – I don’t know, ask them, they are desperate and will take anything. + +This is also something Trading212 understands and they are taking your lunch. I’m getting the sense the folks at flatex AG are communists who hate money, in this case it’ll be great marketing. + +# 5 – When in doubt copy the Americans. + +Look at Robinhood, no, not how slimey they are, look at how easy to use their mobile app is. + +Look at Thinkorswim, see how many features they have? Check their YouTube channel, see how many tutorials they have? + +They offer: + +* Options + +* After hours + +* Professional charting tools, indicators and trackers + +* Level 2 + +* No fees + + +# 6 Keep your promises. + + +This is something that Trading212 do not understand. Don’t be like Trading212. Respect your customers and you shall profit. + + +___ + + +**flatex AG aka Degiro – PLEASE TAKE MY MONEY** + + +___ + +Quick Wikipedia search tells me Degiro was founded in 2008 so they have been around for 13 years but only launched its English-language platform in the United Kingdom on 11 June 2015. + +So it took Degiro 7 years to launch in the UK. Why Degiro? Why? + +1 million customers? Trading212 went from 400k to 1.4 million customers in one single year. C’mon!!! + +https://flatexdegiro.com/media/pages/investor-relations/news/d5d3bf51f2-1602948008/press_release_flatex_to_buy_degiro.pdf + +___ + +#Let’s take a look at the UK market, it’s dominated by dinosaurs charging 1990s fees. + +___ + +# Enter Trading212 with an unstable platform that doesn’t even allow their users to log in. + +# Trading212 is so overwhelmed with demand they had to shutdown and can’t take on new users. + +# Quick look at Trading212 growth in the last 12 months. + +* 250% clients growth. From 400k to 1.4m users. + +* 5300% AUM growth. From £50M to £2.7B. + +* 2000% Daily active user growth. From 28k to 600k. + +* 30k new funded accounts per day. + +https://community.trading212.com/t/our-growth-in-just-12-months/46209 + +# That’s INSANE GROWTH by any measures. How much do you HATE MONEY??? +For the past year, we’ve placed a lot of focus on attacking Citadel and other short hedge funds that have participated in fraudulent and corrupt activity. While our anger is not misdirected, these institutions are just a bunch of Goombas compared to the Federal Reserve. + +**The Federal Reserve is the Final Boss** + +This post is intended to help people understand the role of the Federal Reserve, in detail, and how its actions have destroyed the United States economy, specifically in the past decade. + +To this day, there is an ongoing debate over whether or not the actions of the Federal Reserve were made with good intent or if their objective has always been to help the rich get richer, and I’ll leave it to readers to decide for themselves. However, whichever scenario you believe, it’s not hard to argue that the outcome of the Fed’s intervention is doing significantly more harm than good, and the result has created the largest disconnect we’ve ever experienced between Main Street and Wall Street. + +Economic intervention by the Feds, since 2008, has not only further fueled Wall Street’s greed, caused significant inflation, and widened the wealth gap, it’s also responsible for the extreme wage/income equality and has completely broken our labor market. + +**We’re Living Through an Experiment Run By the Federal Reserve** + +Not enough people understand that the tools the Fed has implemented (quantitative easing, reverse repos, etc.) are new to our monetary policy strategy and we're living through an epic experiment that is going terribly wrong. + +Fed officials pat themselves on the back for their response to 2008 and have continued to confidently report positively on the current health status of our economy, but the experiment has been dramatically changing the American economy. With every passing day, the problem just keeps getting worse and no one knows how severe the final outcome will be. + +**The Fed’s New, Post Crash Strategy** + +Up until 2008, the Federal Reserve’s primary responsibility was to manage and improve the unemployment rate and stabilize inflation, mainly by raising and lowering short-term interest rates. + +Following the crash, they started taking extra steps to help navigate through the crisis and limit widespread poverty. They began by doing something that hadn't been done in decades — They began dropping interest rates, eventually to almost zero. + +Unfortunately, the massive rate cuts did not stimulate the economy as they were intended to (I'll get into why later.) So, with Americans still suffering, and the banking system on the verge of collapse, Fed officials decided to go even further. + +A committee within the Federal Reserve came up with another tool to help stimulate the economy called quantitative easing. QE was promoted under Ben Bernanke, the Fed Chairman at the time, and was an experimental way for the Fed to inject money into the financial system and lower long-term interest rates. The hope was that the lower rates would encourage more spending and borrowing throughout the economy. + +In the midst of the next great depression, this would become known as the largest market intervention in world history and had never been attempted before. + +The way they did it was to literally create new money. They used the money to purchase huge amounts of mortgage back securities and government debt, among other things, from banks and other institutions. Almost immediately the Fed started purchasing more than a trillion dollars worth of mortgage bonds from the banks, as quickly as possible. The idea was to get more credit and cheaper credit into the hands of the American people. + +By making money so inexpensive, and making it abundant, cheap, and easy to get, they flooded the market with trillions of dollars of easy money. In theory, the expectation was that the low-interest rates and QE would have a strong positive effect on the wider economy. However, in practice, it was much less successful moving the economy. + +**The Negative Effects of Intervention By the Fed** + +All the easy money sparked a rally in the stock market straight away, and at the time, the plan was viewed as a success. However, there were major issues looming that had not yet come to light. + +One issue was that easy money essentially emboldened investors to take bigger risks. The rally was no accident. By design the QE program effectively lowered long-term interest rates, making safer investments, like bonds less attractive, and riskier assets like stocks, more attractive. + +Another main problem was that the banks were hoarding the cash, instead of making it available to borrowers. + +What was playing out in practice is very different than how they theorized it would go. Insiders began to worry their tools weren’t helping the American people like they originally believed. + +While the intervention may have been necessary to help stabilize the economy after the crash, it was becoming clear there was a fundamental problem with the approach, in that the tools the Fed used worked through the Wall Street banks. For that reason, the tools were benefitting the wrong people - the people who didn't really need the help. + +The Fed became at the mercy of Wall Street, and insiders had hoped Congress would interject to help correct the imbalance by targeting more money to Main Street and the wider economy. However, before that was able to happen, politics took a sharp turn. + +Republicans won back the House by gaining 63 seats in a major shift, with dozens of tea party-backed newcomers joining the GOP caucus. This significantly slowed any progress in Congress and the White House working together to stimulate the economy. + +**The Fed Was on its Own** + +After the midterm elections, the Fed announced it would do another round of QE, despite the warning signs. They claim they did so not just to stabilize the economy, but to boost it as well. + +Bernanke believed it would create a more virtuous circle, lower mortgage rates, make housing more affordable, and higher stock prices to boost consumer wealth. He promoted the plan aggressively and did many interviews to fight the critics who were worried it would increase inflation. + +Many critics believed that while the Fed was doing some good, there were greater concerns. The main concern was that the program was trickle-down economics, which would lead to an enormous increase in wealth inequality. We had already been seeing wealth inequality growing[ ](http://faster.si/?ce)faster since the 1970s, and this plan basically put that on steroids. + +There became a rising demand for money from Wall Street. The sentiment was that the sky was going to fall if the Fed stopped printing more. Yet, no one could provide proof or an explanation that showering Wall Street with trillions of dollars was directly benefiting the average American. That was because it wasn’t. + +With Wall Street and the government addicted to Free money, the Fed kept money flowing in multiple rounds of QE, injecting more than $2 trillion into the financial system. By 2013 unemployment was continuing to fall and there were signs that its policies were having a positive effect, so the Fed chairman announced that they would gradually begin tapering QE. + +The announcement immediately caused the markets to drop significantly, in an event known as the "Taper Tantrum,” which put the Fed in a difficult position. Bernate had no other choice than to backpedal his announcement to taper. + +Luckily, the following year, Janet Yellen was able to successfully pause QE without disrupting the markets. + +This was also around the time we started ramping up the use of reverse repos. Have you ever looked at the chart and wondered why the reverse repo seemed like a big deal when in the first spike during the 2008 crash, at the beginning of the pandemic, and right now, but for some reason, those spikes from 2013-2018 don't seem like such a big deal? My guess is that **it was a very big deal** and completely necessary to prop up the market after the printer was turned off. But just something to think about. + +https://preview.redd.it/xmm6mfyk6ve81.png?width=650&format=png&auto=webp&s=d791112bbac99010371c69f9ed7b4f0c6eacb71d + +To prevent the market from crashing, she also promised to maintain the Fed's massive balance sheet of assets it had bought and keep interest rates low. + +Unfortunately, low rates were also causing massive issues in the economy and one of the reasons we’re now seeing movements like the Anti-Werk subreddit. + +**Low-Interest Rates and the Negative Impact** + +By 2018 it was believed that the economy was in a good place, citing historically low unemployment numbers and the fact that concerns about inflation hadn't materialized, and there was a growing debate of whether or not the Fed should increase interest rates and reduce the flow of easy money. + +At this point, income equality became an obvious flaw in the plan. The gap between the rich and poor had grown excessively and coming out of this “good place," the 1% held 32% of the nation's wealth. + +Even though unemployment was very low, the majority of Americans began to feel the pain of the Fed’s intervention. Most people had less than $400 in savings, which put Main Street in an extremely fragile position. + +It eventually became abundantly clear that what the Fed was doing still wasn't working. Keeping rates low didn't raise growth, it raised markets, and the wealthy are the ones who owned stock. + +Critics were also worried that low rates and access to easy money were causing distressing trends in Wall Street and in corporate America. One issue, in particular, was the amount of corporate borrowing. Low rates incentivized institutions to borrow more and companies were doing so, in record amounts. The Federal Government even took advantage of these rates and ran the national debt up into new highs. + +Taking advantage of low rates, corporations were selling bonds to big investors. The extent of the debt was massive. Companies became so overleveraged, their credit ratings plummeted. + +The Fed had hoped that companies would put all that borrowed money to good use. Traditionally, low rates prompted businesses to invest in their workforce and their infrastructure, but this time around it was playing out very differently. + +Companies began borrowing money to buy back their own stock, making the remaining shares more valuable and prices higher. And instead of borrowing money to hire more workers or put more machines in more factories, businesses were using that money to invest in technology that will *eliminate* workers and reduce employee headcount. They also used that money to give CEOs and other corporate officers bonuses. + +Companies would eventually issue more debt and buy back more stock, creating an endless cycle to increase the stock price, rather than improve the actual company. Since the 2018 crash, more than $600 billion has been used for stock buybacks. + +It is hard to penalize the actual companies doing this because the Fed was making it so ridiculously easy. Actually taking the steps to innovate and improve a company can be difficult for any company, but what isn’t difficult is issuing debt and paying it out to your shareholders, and increasing the stock price. The problem is that that doesn't create real wealth or improve the company, and it certainly doesn't improve the labor market in any way. So, low rates eventually become a drag on our economic wealth, not a benefit. + +**The Fed’s Intentions Under a Microscope** + +The idea that the Fed may just be boosting financial markets and helping Wall Street has become harder and harder to deny. There is a lot of debate on how much the Fed actually helped Main Street at all, at any point. What most people do agree on is that, regardless of their intention, the Fed’s actions grew the wealth of the financial sector enormously. + +There is one main problem with that. Although collectively the financial sector fulfills a necessary service, they do not provide much in return for the wealth they’ve been unevenly accumulating. They do not generate products or services and do not generate any real increase in income. Their profits are made by creating more convoluted, expensive financial instruments. They are essentially leeches on the American economy, now sucking out more than double the amount that they were before the Fed’s intervention. + +The way the banking system works is no accident either, by the way. It has taken a lot of manipulation and lobbying in Congress to get to where it is today. + +**Where the Most Risks Lie** + +As the banking system grew, so did the risks. The amount of debt companies acquired became an increasingly dangerous liability, in the event of a downturn. There were also increasing warnings from a certain sector of financial companies that had been flourishing in the easy money economy, known as Shadow Banking. + +Former US Federal Reserve Chair Ben Bernanke provided the following definition in November 2013: + +*"Shadow banking, as usually defined, comprises a diverse set of institutions and markets that, collectively, carry out traditional banking functions—but do so outside, or in ways only loosely linked to, the traditional system of regulated depository institutions. Examples of important components of the shadow banking system include securitization vehicles, asset-backed commercial paper conduits, money market funds, markets for repurchase agreements, investment banks, and mortgage companies"* + +The core of the problem in shadow banks is they’re extremely fragile. Shadow institutions are not subject to the same prudential regulations as depository banks so that they do not have to keep as high financial reserves relative to their market exposure. Thus they can have a very high level of financial leverage, with a high ratio of debt relative to the liquid assets available to pay immediate claims. High leverage magnifies profits during boom periods and losses during downturns. + +Anyone who is an investor, who has their money in a shadow bank, and not a real bank is going to have an incentive to withdraw in the face of any uncertainty, so little economic shocks that cause prices to fall have the potential to trigger runs. Allowing these to develop, we've inserted a sense of instability into our economic system that doesn't need to be there and that has great, negative potential. + +This instability is still on the Fed's radar today. Before the pandemic, in response to the risk shadow banks pose to our economy, Jerome Powell stated the Financial Stability Council is working on a solution and is looking carefully at leveraged lending, as they are aware that the situation requires serious monitoring. However, despite those concerns, little action has been taken by other regulators or Congress, so the system remains vulnerable to shock. + +They have been implicated as significantly contributing to the global financial crisis of 2007–2012. And this is probably why (copied from Wikipedia): + +*The shadow banking system also conducts an enormous amount of trading activity in the over-the-counter (OTC) derivatives market, which grew rapidly in the decade up to the 2008 financial crisis, reaching over US$650 trillion in notional contracts traded. This rapid growth mainly arose from credit derivatives. In particular, these include:* + +* *interest rate obligations derived from bundles of mortgage securities* +* *collateralized debt obligations (CDO)* +* *credit default swaps (CDS), a form of insurance against the default risk inherent in the assets underlying a CDO; and* +* *a variety of customized innovations on the CDO model, collectively known as synthetic CDOs* + +*The market in CDS, for example, was insignificant in 2004 but rose to over $60 trillion in a few years.* *Because credit default swaps were not regulated as insurance contracts, companies selling them were not required to maintain sufficient capital reserves to pay potential claims. Demands for settlement of hundreds of billions of dollars of credit default swaps contracts issued by AIG, the largest insurance company in the world, led to its financial collapse. Despite the prevalence and volume of this activity, it attracted little outside attention before 2007, and much of it was off the balance sheets of the contracting parties' affiliated banks. The uncertainty this created among counterparties contributed to the deterioration of credit conditions.* + +*Since then the shadow banking system has been blamed for aggravating the subprime mortgage crisis and helping to transform it into a global credit crunch.* + +**The Pandemic** + +When the pandemic began, people started pulling their money out of the markets causing the U.S. economy to go into free fall. + +Although COVID-19 hit the global economy hard and fast, it wasn't just the pandemic that was causing a financial crisis. It was the vulnerabilities of a now highly leveraged financial system that was mainly to blame for the failure. The pandemic launched a full-on panic in the shadow banking system. + +The Fed, again, sprang into action. They turned the money printing machine back on, buying hundreds and billions in debt from financial institutions. By mid-March, they made more than a trillion dollars available to the Shadow banks and they cut interest rates back down to $0. The Fed also: + +* Gave half a trillion dollars to foreign central banks +* Lent half a trillion to securities dealers +* Bought $2 trillion of Treasuries securities +* Bought another $ trillion in mortgage back securities +* And flooded the zone with new government cash, to stabilize the system. + +But it wasn't enough to stop the panic. + +The corporate debt market had frozen up and companies were unable to finance themselves, putting the wider financial system at risk. + +So, on March 23rd, 2020 the Fed took its economic experiment to a whole new level. With Congress backing the plan, Powell announced a range of new loan programs. For the first time, the Fed would be willing to buy up a massive amount of corporate debt. **This was huge.** It basically proved the Fed was willing to do whatever it takes to prevent Wall Street and Corporate America from failing. + +By the end of March, Congress also passed the largest economic stimulus bill ever. The aim of the $2.2 trillion CARES Act was to provide support for individuals and small businesses. + +A big portion of the bill, over a trillion dollars, was earmarked for the Fed's lending programs. But in trying to keep workers employed and companies afloat, the Fed had also used its power to rescue some of the riskiest parts of the financial system — the junk bond market. + +To the critics, the Fed was sending the wrong message and rewarding the wrong people. + +**The U.S. Economy is No Longer a Free Market** + +Over the years, Wall Street has been trained to believe the Fed is on its side. If they win — they keep the profits. If they lose, the Fed will bend every effort and use every dollar they have to bail them out. + +This completely undercuts how the Free market is supposed to work. + +This idea is a moral hazard. If Wall Street believes the government and the Fed will bail them out whenever there is trouble, there is no downside to risky behavior. Because if there was a problem, the consequences wouldn't fall on them. And if they made insanely aggressive and risky bets, they would be able to keep the profits. Risk-taking is being rewarded. + +And now the Fed isn’t just stepping into bailout Wall Street, they are stepping into bailout corporate America. + +This is the biggest threat of capitalism. If companies make money in the good times, and the Fed steps in during the bad times it creates a never-ending cycle, and the markets never correct. It's like a no-lose casino. + +In the time since the Pandemic began, corporate America has taken on more debt, the housing market and the millions of people who own stocks and bonds are seeing an extreme bull market, and the richest Americans have grown their own wealth by $1.3 trillion. + +**The Current State of the Market** + +Fundamentals have stopped mattering. What we're experiencing now is mania, because the Fed has put the floor underneath asset prices. Most retail traders believe there is only one direction things could go, and that's up. + +Mania is a very dangerous phase. Because the Fed is pumping asset prices so high, it's impossible to actually gauge the real price of a company. They're basically creating an illusion. + +Sooner or later it's all going to come down. The fact that the stock market, housing market, and the bond market are all approaching bubble territory at the same time, means when it does come down, it will be a complete and utter disaster. + +**Food For thought** + +This has all occurred under 4 different presidents. It kind of makes ongoing political arguments that have been heating up in recent years seem somewhat irrelevant. Democracy is an illusion. Our government is owned by the Federal Reserve; It doesn’t matter which side of the aisle you’re on, the agenda is the same. + +**So, in conclusion, buy, hold, and DRS until we bring down the Federal Reserve.** + +**TL;DR:** A breakdown of how the Fed’s actions have destroyed the American Economy in the past decade. Economic intervention by the Feds, in the past decade, has fueled Wall Street’s greed, caused significant inflation, widened income and wealth gaps, and is responsible for a completely broken labor market (among other problems) - All to help the rich get richer. The new tools the Fed has utilized in the past decade (quantitative easing, reverse repos, etc.) are all part of a literal experiment gone terribly wrong. And with every passing day, the problem just keeps getting worse. +Is there a good YouTube channel? . + +That talks about current long-term value strategies, especially Warren Buffett and Charlie Munger, that is, great gurus. + +Thank you. +I know that it's a good idea to DCA into a low cost index fund as a portion of my portfolio, and that time in the market > timing the market. However, as someone with value investing mindset, I find it hard to convince myself to put any funds into index funds right now, as everything is so overpriced. Any thoughts? +Maybe I'm just spending too much time in the wrong subs, but it's so frustrating. I feel like I've come so far, but it's never quite enough. + +I started in retail at $9.00/hr and topped out there five years later at $12.50 making not much more because they kept cutting my hours like they were making up for it. I found another job, started at $12 and two years later am making $17, full time. I finally felt like I wasn't drowning, but am still paycheck to paycheck for the most part because my partner is making so much less than me. + +Now, I got a great offer for a job starting at $22 an hour in a higher cost of living area, and even that isn't enough to secure me housing. But I hear about people making so much more, getting houses, saving back money, etc. How?!?! + +I just feel like no matter how much I improve, how good of a job I get, or how much more I make an hour it's not keeping up with the cost of living. How is this sustainable? I always felt like if I made this much an hour I'd finally be escaping the cycle, but even that seemingly insane amount of money to me still isn't enough to qualify for basic stuff like housing. + +How can I support my partner and two kids like this? It's not like I can slum it and rent a room somewhere. I need a house and can't qualify. This is so stupid. How do people make it? Hell, how do they land jobs making enough TO make it?!?! + +I never thought I'd be landing a job with this kind of pay and feel so stuck. I almost feel like it's locking me out of things instead of opening doors. $22 seems like SO MUCH money, and really it is, but it also isn't? Is this just lifestyle creep or is inflation that bad? + + +EDIT: This post has exploded so much. I posted this as a complaint into the void and all of you have shown me so much support, help, and caring. I cannot express how much this means to me and how wonderful you all are. + +Thank you, you amazing, wonderful people. I promise I'll keep at it and take your advice. I'm sorry if I can't reply to you all, but I will try. + + +Edit 2: I went to bed and this has gained even more attention. Thank you all for your support, it means the world to me. Hopefully the great stories and advice in the comments will help others too. + +Also, I appreciate the awards, but you don't have to spend real cash on this post, as grateful as I am for it. We're all fighting our own battles, and in this sub our shared one is our experience going without. Please take care of yourselves and your families over fake internet awards <3 +I know everyone is excited about all the attention and likes having politicians sucking up to us. Claiming that they're going to go after any collusion. It's all bullshit. Its bullshit from the left and its bullshit from the right. They just want to tear into this issue because it's the classic underdog story and Americans love an underdog story more than anything. + +Right now WSB is like Rocky and every politician out there wants to line up to be in a selfie with Rocky. They're just using us for exposure especially to a crowd that they see as untapped. + +Please dont let this place turn into a constant circle jerk of politics. Basically all of reddit is just political propaganda 24/7. This was the last good place on the internet. The LAST. It was the last actually funny place too. Once in awhile it even had incredible ideas. + + It's about to be co-opted by politics activists online claiming they care about "this issue". Then they're going to stick around and sometimes subtly and most of the time forcefully turn it into another propaganda machine. +It just makes me sick because I already know its over. I dont want it to be but this place is going to be filled with propaganda and nothing else almost 100% after GME is over. I'll miss you guys and all the great times and sarcasm. This place was the funniest place on the internet. + +If you feel how I feel do your best to keep people from pushing agendas. Agendas from either side but let's be frank this is reddit. We all know where this crap is heading. + +My positions are 80k in PLTR options mostly expiring next year/2023 and 40k PLTR stock. + +Edit: Obviously none of this was financial advice anyway but seriously NONE of this is financial advice I'm just a retard on the internet and if you listen to me for it maybe you're also retarded + +Edit 2: 🚀🚀🚀🚀🚀🚀 +Literally, sometimes I'm trying to explain all this stuff to my girlfriend or other friends, or reading other subreddits, and it just dawns on me, we're living in an alternate reality that the rest of the world hasn't even begun to catch up to. I have a good size stock portfolio and I follow some of the investing subreddits, and it's like talking to fucking dinosaurs, it's just crazy. They have no clue what it's like on this side of the fence. They're cumming in their pants over 5% gains, and we're all over here watching the future monetary system be built right in front of our eyes and making fortunes. + + +We're all part of something huge, watching markets and trading 24/7 together, it's just fucking beautiful. As a long time software engineer and someone that was always fascinated with trying to make money by my own means, this is my fucking wet dream. The fact that I can watch all of this go down in public, listen in on or participate in technical discussions, see all the code, it just blows my mind. + + +Consider yourself very lucky if you're here. You may be disappointed if you arrived later and your gains are not huge yet, but this is still very very very early days. We are still watching the foundations of the world financial system being rebuilt in real time. What a fucking time to be alive. +What I tend to see regarding soviet economics online has to deal with how it was bad, was controlled, not markets, etc. + +But very little ever seems to go to the actual procedures regarding how they attempted to plan out there economy to have their "Red Plenty" as Francis Spufford titled his book about he soviet dream. The little I've found so far, though based largely on Mises's refutation of socialists being able to calculate an economy, but it provided little more than the idea of using time/resources used to determine relative costs and what should be produced. + +So, if anyone should know, what methodologies did the economists in the Soviet Union hope to use to achieve their dream? Despite the government largely ignoring them +Guys, I think I'm on to something. + +&#x200B; + +https://preview.redd.it/rqsy0b1d0z171.jpg?width=400&format=pjpg&auto=webp&s=02b9e440b6b150e2f6871f9e8f74eb73c874dd7f + +If you look at the site itself, there are 4 slot spaces where you can enter text into the tombstone. + +1. SOME NAME +2. 1957-2007 +3. YOUR MESSAGE APPEARS +4. ON THE TOMBSTONE + +&#x200B; + +The name "Ryan Cohen" IS NOT ENTERED IN LINE 1. + +THIS TOMBSTONE IS NOT FOR HIM. But it does send a message. + +&#x200B; + +&#x200B; + +https://preview.redd.it/8h2vhnaf0z171.jpg?width=400&format=pjpg&auto=webp&s=ae30f13d3810ca005dd45b9d3d788a8d9eaf8d6a + +&#x200B; + +The name Ryan Cohen is entered into the DATE slot space. + +and then in the 3rd (or 4th) slot space, you enter YOUR MESSAGE. + +&#x200B; + +RC is saying that he is (or he controls) the date when the HF's get liquidated. die. cease to exist. + +and his message to them? + +R.I.P. Dumb Ass. + +I'm sure there is some sort of connection to it being a crypt and something something crypto something. lol. + +and I think I did read on that page " The only limit is your imagination. " + +&#x200B; + +either way, + +I'M JACKED TO THE TITS. + +&#x200B; + +i like the stock. + +BUY HODL VOTE, apes. + +&#x200B; + +EDIT 1: I was thinking as I was taking a piss and I seem to remember the quote, " I am become death, destroyer of worlds." at the creation of the atom bomb. + +and then I remembered Elon saying," I am become meme destroyer of shorts." + +RC might be staking that claim but instead of the atom bomb, he is speaking of the biggest financial MOASS the world has ever seen. + +connection? I dunno. But it sure does do something nice for my confirmation bias. + +Something like going from 6 o clock to high noon if you know what I mean. + +&#x200B; + +EDIT 2: + +I also think that by leaving the name slot intentionally blank, RC IS LITERALLY INVITING ANYONE WHO WANTS TO SHORT GME... + +TO THEIR OWN MOTHERFUCKING FUNERAL. + +&#x200B; + +in other words, he left the name slot blank because any hedgefund short GME is writing their name in themselves. + +LETS FUCKING GO. + + +EDIT 3: + +guys, RC is not merely trying to center his text. For all of you saying that, did you even go to the site and make your own tombstone? No you didn't. I know this because I did. I had multiple windows open testing every line and space available (there is a character limit per line) and I compared/contrasted it to RC's tweet. u/wolfandlight put it best: + +"I also went onto the site and checked if the lines auto-condensed. They do not. There is a literal space that corresponds to each line of text whether it's inputted or not. + + And yes, can confirm. Ryan Cohen is indeed in the second line that is meant for the date." + + +go and try it for yourselves. +I graduated college 3 years ago and bought my first rental property recently. Ever since, I’ve felt some sort of disconnect or judged from my friends as they view landlords as “leeches” who are just making housing unaffordable. I grew up in a low income area and a lot of my friends are high school friends, so I do get where they’re coming from. I worked really hard as well as a couple of side hustles to come up with this down payment and also had to buy hours away because it was the only thing I could afford but I saw potential there. It really makes me sad because I had a vision of expanding my real estate portfolio and feel like it’ll be a big part of my life going forward. Do I just not share this info with them? Anyone else felt this way or have any advice? + +I plan to FIRE in 10 years at the age of 35 - I’ve been really invested in stocks and options right now and I feel like I don’t really have that in common with them as well. I did try to explain to them about the more basic stuff like ETFs, mutual funds, etc but they see it as gambling... and rather keep everything in cash. I know it’s not my place to tell them where to put their money but I just thought that we’d be able to have more in common once they see the effect of their money growing. I’ve been friends with some of them for 10 years so I know they’re really caring and supportive. + +Edit: ahh thanks for all the responses. I’m overwhelmed lol also, I don’t discuss the exact money part with my friends. They just know that I have a house and that I’m renting it out (I had told them this initially not knowing their reaction). I think the most recent situation was that my house had a massive leak and I was pretty stressed, missed a couple of hangouts and I felt like I couldn’t tell them the real reason I couldn’t make it without feeling weird about it - I had to make up some other excuse. Also, I’m a girl for those who keep calling me “dude” in PMs lol +(31M) I have been building my tech company past 8 years and have the opportunity to sell the business and stay on to continue to run it. My take home would be $10M pre tax, $300k base salary plus bonus, and $5M earnout to stay 3 more years. The acquirer is a public strategic and has good reputation for making good on the earnout. I definitely want to start another business but don’t want to regret selling if I’m 3 years out from potentially 3x my current exit situation. Anyone regret selling too early or happy they did and successfully launched a 2nd company? +It's curious that the youtube channel scene about economics divulgation is actually pretty poor compared to other areas of education or entertainment (history being the contrary, there are hundreds of good quality channels). Also, many of the channels dedicated to economics focus on university stuff, theoretical content for students. + +In terms of real world economics, Economics Explained is by far the biggest that i know of, but it's too ideologically possessed, sadly. I like Money & Macro. + +Anyone recommend any youtube channels? Thanks +For the past year, we’ve placed a lot of focus on attacking Citadel and other short hedge funds that have participated in fraudulent and corrupt activity. While our anger is not misdirected, these institutions are just a bunch of Goombas compared to the Federal Reserve. + +**The Federal Reserve is the Final Boss** + +This post is intended to help people understand the role of the Federal Reserve, in detail, and how its actions have destroyed the United States economy, specifically in the past decade. + +To this day, there is an ongoing debate over whether or not the actions of the Federal Reserve were made with good intent or if their objective has always been to help the rich get richer, and I’ll leave it to readers to decide for themselves. However, whichever scenario you believe, it’s not hard to argue that the outcome of the Fed’s intervention is doing significantly more harm than good, and the result has created the largest disconnect we’ve ever experienced between Main Street and Wall Street. + +Economic intervention by the Feds, since 2008, has not only further fueled Wall Street’s greed, caused significant inflation, and widened the wealth gap, it’s also responsible for the extreme wage/income equality and has completely broken our labor market. + +**We’re Living Through an Experiment Run By the Federal Reserve** + +Not enough people understand that the tools the Fed has implemented (quantitative easing, reverse repos, etc.) are new to our monetary policy strategy and we're living through an epic experiment that is going terribly wrong. + +Fed officials pat themselves on the back for their response to 2008 and have continued to confidently report positively on the current health status of our economy, but the experiment has been dramatically changing the American economy. With every passing day, the problem just keeps getting worse and no one knows how severe the final outcome will be. + +**The Fed’s New, Post Crash Strategy** + +Up until 2008, the Federal Reserve’s primary responsibility was to manage and improve the unemployment rate and stabilize inflation, mainly by raising and lowering short-term interest rates. + +Following the crash, they started taking extra steps to help navigate through the crisis and limit widespread poverty. They began by doing something that hadn't been done in decades — They began dropping interest rates, eventually to almost zero. + +Unfortunately, the massive rate cuts did not stimulate the economy as they were intended to (I'll get into why later.) So, with Americans still suffering, and the banking system on the verge of collapse, Fed officials decided to go even further. + +A committee within the Federal Reserve came up with another tool to help stimulate the economy called quantitative easing. QE was promoted under Ben Bernanke, the Fed Chairman at the time, and was an experimental way for the Fed to inject money into the financial system and lower long-term interest rates. The hope was that the lower rates would encourage more spending and borrowing throughout the economy. + +In the midst of the next great depression, this would become known as the largest market intervention in world history and had never been attempted before. + +The way they did it was to literally create new money. They used the money to purchase huge amounts of mortgage back securities and government debt, among other things, from banks and other institutions. Almost immediately the Fed started purchasing more than a trillion dollars worth of mortgage bonds from the banks, as quickly as possible. The idea was to get more credit and cheaper credit into the hands of the American people. + +By making money so inexpensive, and making it abundant, cheap, and easy to get, they flooded the market with trillions of dollars of easy money. In theory, the expectation was that the low-interest rates and QE would have a strong positive effect on the wider economy. However, in practice, it was much less successful moving the economy. + +**The Negative Effects of Intervention By the Fed** + +All the easy money sparked a rally in the stock market straight away, and at the time, the plan was viewed as a success. However, there were major issues looming that had not yet come to light. + +One issue was that easy money essentially emboldened investors to take bigger risks. The rally was no accident. By design the QE program effectively lowered long-term interest rates, making safer investments, like bonds less attractive, and riskier assets like stocks, more attractive. + +Another main problem was that the banks were hoarding the cash, instead of making it available to borrowers. + +What was playing out in practice is very different than how they theorized it would go. Insiders began to worry their tools weren’t helping the American people like they originally believed. + +While the intervention may have been necessary to help stabilize the economy after the crash, it was becoming clear there was a fundamental problem with the approach, in that the tools the Fed used worked through the Wall Street banks. For that reason, the tools were benefitting the wrong people - the people who didn't really need the help. + +The Fed became at the mercy of Wall Street, and insiders had hoped Congress would interject to help correct the imbalance by targeting more money to Main Street and the wider economy. However, before that was able to happen, politics took a sharp turn. + +Republicans won back the House by gaining 63 seats in a major shift, with dozens of tea party-backed newcomers joining the GOP caucus. This significantly slowed any progress in Congress and the White House working together to stimulate the economy. + +**The Fed Was on its Own** + +After the midterm elections, the Fed announced it would do another round of QE, despite the warning signs. They claim they did so not just to stabilize the economy, but to boost it as well. + +Bernanke believed it would create a more virtuous circle, lower mortgage rates, make housing more affordable, and higher stock prices to boost consumer wealth. He promoted the plan aggressively and did many interviews to fight the critics who were worried it would increase inflation. + +Many critics believed that while the Fed was doing some good, there were greater concerns. The main concern was that the program was trickle-down economics, which would lead to an enormous increase in wealth inequality. We had already been seeing wealth inequality growing[ ](http://faster.si/?ce)faster since the 1970s, and this plan basically put that on steroids. + +There became a rising demand for money from Wall Street. The sentiment was that the sky was going to fall if the Fed stopped printing more. Yet, no one could provide proof or an explanation that showering Wall Street with trillions of dollars was directly benefiting the average American. That was because it wasn’t. + +With Wall Street and the government addicted to Free money, the Fed kept money flowing in multiple rounds of QE, injecting more than $2 trillion into the financial system. By 2013 unemployment was continuing to fall and there were signs that its policies were having a positive effect, so the Fed chairman announced that they would gradually begin tapering QE. + +The announcement immediately caused the markets to drop significantly, in an event known as the "Taper Tantrum,” which put the Fed in a difficult position. Bernate had no other choice than to backpedal his announcement to taper. + +Luckily, the following year, Janet Yellen was able to successfully pause QE without disrupting the markets. + +This was also around the time we started ramping up the use of reverse repos. Have you ever looked at the chart and wondered why the reverse repo seemed like a big deal when in the first spike during the 2008 crash, at the beginning of the pandemic, and right now, but for some reason, those spikes from 2013-2018 don't seem like such a big deal? My guess is that **it was a very big deal** and completely necessary to prop up the market after the printer was turned off. But just something to think about. + +https://preview.redd.it/xmm6mfyk6ve81.png?width=650&format=png&auto=webp&s=d791112bbac99010371c69f9ed7b4f0c6eacb71d + +To prevent the market from crashing, she also promised to maintain the Fed's massive balance sheet of assets it had bought and keep interest rates low. + +Unfortunately, low rates were also causing massive issues in the economy and one of the reasons we’re now seeing movements like the Anti-Werk subreddit. + +**Low-Interest Rates and the Negative Impact** + +By 2018 it was believed that the economy was in a good place, citing historically low unemployment numbers and the fact that concerns about inflation hadn't materialized, and there was a growing debate of whether or not the Fed should increase interest rates and reduce the flow of easy money. + +At this point, income equality became an obvious flaw in the plan. The gap between the rich and poor had grown excessively and coming out of this “good place," the 1% held 32% of the nation's wealth. + +Even though unemployment was very low, the majority of Americans began to feel the pain of the Fed’s intervention. Most people had less than $400 in savings, which put Main Street in an extremely fragile position. + +It eventually became abundantly clear that what the Fed was doing still wasn't working. Keeping rates low didn't raise growth, it raised markets, and the wealthy are the ones who owned stock. + +Critics were also worried that low rates and access to easy money were causing distressing trends in Wall Street and in corporate America. One issue, in particular, was the amount of corporate borrowing. Low rates incentivized institutions to borrow more and companies were doing so, in record amounts. The Federal Government even took advantage of these rates and ran the national debt up into new highs. + +Taking advantage of low rates, corporations were selling bonds to big investors. The extent of the debt was massive. Companies became so overleveraged, their credit ratings plummeted. + +The Fed had hoped that companies would put all that borrowed money to good use. Traditionally, low rates prompted businesses to invest in their workforce and their infrastructure, but this time around it was playing out very differently. + +Companies began borrowing money to buy back their own stock, making the remaining shares more valuable and prices higher. And instead of borrowing money to hire more workers or put more machines in more factories, businesses were using that money to invest in technology that will *eliminate* workers and reduce employee headcount. They also used that money to give CEOs and other corporate officers bonuses. + +Companies would eventually issue more debt and buy back more stock, creating an endless cycle to increase the stock price, rather than improve the actual company. Since the 2018 crash, more than $600 billion has been used for stock buybacks. + +It is hard to penalize the actual companies doing this because the Fed was making it so ridiculously easy. Actually taking the steps to innovate and improve a company can be difficult for any company, but what isn’t difficult is issuing debt and paying it out to your shareholders, and increasing the stock price. The problem is that that doesn't create real wealth or improve the company, and it certainly doesn't improve the labor market in any way. So, low rates eventually become a drag on our economic wealth, not a benefit. + +**The Fed’s Intentions Under a Microscope** + +The idea that the Fed may just be boosting financial markets and helping Wall Street has become harder and harder to deny. There is a lot of debate on how much the Fed actually helped Main Street at all, at any point. What most people do agree on is that, regardless of their intention, the Fed’s actions grew the wealth of the financial sector enormously. + +There is one main problem with that. Although collectively the financial sector fulfills a necessary service, they do not provide much in return for the wealth they’ve been unevenly accumulating. They do not generate products or services and do not generate any real increase in income. Their profits are made by creating more convoluted, expensive financial instruments. They are essentially leeches on the American economy, now sucking out more than double the amount that they were before the Fed’s intervention. + +The way the banking system works is no accident either, by the way. It has taken a lot of manipulation and lobbying in Congress to get to where it is today. + +**Where the Most Risks Lie** + +As the banking system grew, so did the risks. The amount of debt companies acquired became an increasingly dangerous liability, in the event of a downturn. There were also increasing warnings from a certain sector of financial companies that had been flourishing in the easy money economy, known as Shadow Banking. + +Former US Federal Reserve Chair Ben Bernanke provided the following definition in November 2013: + +*"Shadow banking, as usually defined, comprises a diverse set of institutions and markets that, collectively, carry out traditional banking functions—but do so outside, or in ways only loosely linked to, the traditional system of regulated depository institutions. Examples of important components of the shadow banking system include securitization vehicles, asset-backed commercial paper conduits, money market funds, markets for repurchase agreements, investment banks, and mortgage companies"* + +The core of the problem in shadow banks is they’re extremely fragile. Shadow institutions are not subject to the same prudential regulations as depository banks so that they do not have to keep as high financial reserves relative to their market exposure. Thus they can have a very high level of financial leverage, with a high ratio of debt relative to the liquid assets available to pay immediate claims. High leverage magnifies profits during boom periods and losses during downturns. + +Anyone who is an investor, who has their money in a shadow bank, and not a real bank is going to have an incentive to withdraw in the face of any uncertainty, so little economic shocks that cause prices to fall have the potential to trigger runs. Allowing these to develop, we've inserted a sense of instability into our economic system that doesn't need to be there and that has great, negative potential. + +This instability is still on the Fed's radar today. Before the pandemic, in response to the risk shadow banks pose to our economy, Jerome Powell stated the Financial Stability Council is working on a solution and is looking carefully at leveraged lending, as they are aware that the situation requires serious monitoring. However, despite those concerns, little action has been taken by other regulators or Congress, so the system remains vulnerable to shock. + +They have been implicated as significantly contributing to the global financial crisis of 2007–2012. And this is probably why (copied from Wikipedia): + +*The shadow banking system also conducts an enormous amount of trading activity in the over-the-counter (OTC) derivatives market, which grew rapidly in the decade up to the 2008 financial crisis, reaching over US$650 trillion in notional contracts traded. This rapid growth mainly arose from credit derivatives. In particular, these include:* + +* *interest rate obligations derived from bundles of mortgage securities* +* *collateralized debt obligations (CDO)* +* *credit default swaps (CDS), a form of insurance against the default risk inherent in the assets underlying a CDO; and* +* *a variety of customized innovations on the CDO model, collectively known as synthetic CDOs* + +*The market in CDS, for example, was insignificant in 2004 but rose to over $60 trillion in a few years.* *Because credit default swaps were not regulated as insurance contracts, companies selling them were not required to maintain sufficient capital reserves to pay potential claims. Demands for settlement of hundreds of billions of dollars of credit default swaps contracts issued by AIG, the largest insurance company in the world, led to its financial collapse. Despite the prevalence and volume of this activity, it attracted little outside attention before 2007, and much of it was off the balance sheets of the contracting parties' affiliated banks. The uncertainty this created among counterparties contributed to the deterioration of credit conditions.* + +*Since then the shadow banking system has been blamed for aggravating the subprime mortgage crisis and helping to transform it into a global credit crunch.* + +**The Pandemic** + +When the pandemic began, people started pulling their money out of the markets causing the U.S. economy to go into free fall. + +Although COVID-19 hit the global economy hard and fast, it wasn't just the pandemic that was causing a financial crisis. It was the vulnerabilities of a now highly leveraged financial system that was mainly to blame for the failure. The pandemic launched a full-on panic in the shadow banking system. + +The Fed, again, sprang into action. They turned the money printing machine back on, buying hundreds and billions in debt from financial institutions. By mid-March, they made more than a trillion dollars available to the Shadow banks and they cut interest rates back down to $0. The Fed also: + +* Gave half a trillion dollars to foreign central banks +* Lent half a trillion to securities dealers +* Bought $2 trillion of Treasuries securities +* Bought another $ trillion in mortgage back securities +* And flooded the zone with new government cash, to stabilize the system. + +But it wasn't enough to stop the panic. + +The corporate debt market had frozen up and companies were unable to finance themselves, putting the wider financial system at risk. + +So, on March 23rd, 2020 the Fed took its economic experiment to a whole new level. With Congress backing the plan, Powell announced a range of new loan programs. For the first time, the Fed would be willing to buy up a massive amount of corporate debt. **This was huge.** It basically proved the Fed was willing to do whatever it takes to prevent Wall Street and Corporate America from failing. + +By the end of March, Congress also passed the largest economic stimulus bill ever. The aim of the $2.2 trillion CARES Act was to provide support for individuals and small businesses. + +A big portion of the bill, over a trillion dollars, was earmarked for the Fed's lending programs. But in trying to keep workers employed and companies afloat, the Fed had also used its power to rescue some of the riskiest parts of the financial system — the junk bond market. + +To the critics, the Fed was sending the wrong message and rewarding the wrong people. + +**The U.S. Economy is No Longer a Free Market** + +Over the years, Wall Street has been trained to believe the Fed is on its side. If they win — they keep the profits. If they lose, the Fed will bend every effort and use every dollar they have to bail them out. + +This completely undercuts how the Free market is supposed to work. + +This idea is a moral hazard. If Wall Street believes the government and the Fed will bail them out whenever there is trouble, there is no downside to risky behavior. Because if there was a problem, the consequences wouldn't fall on them. And if they made insanely aggressive and risky bets, they would be able to keep the profits. Risk-taking is being rewarded. + +And now the Fed isn’t just stepping into bailout Wall Street, they are stepping into bailout corporate America. + +This is the biggest threat of capitalism. If companies make money in the good times, and the Fed steps in during the bad times it creates a never-ending cycle, and the markets never correct. It's like a no-lose casino. + +In the time since the Pandemic began, corporate America has taken on more debt, the housing market and the millions of people who own stocks and bonds are seeing an extreme bull market, and the richest Americans have grown their own wealth by $1.3 trillion. + +**The Current State of the Market** + +Fundamentals have stopped mattering. What we're experiencing now is mania, because the Fed has put the floor underneath asset prices. Most retail traders believe there is only one direction things could go, and that's up. + +Mania is a very dangerous phase. Because the Fed is pumping asset prices so high, it's impossible to actually gauge the real price of a company. They're basically creating an illusion. + +Sooner or later it's all going to come down. The fact that the stock market, housing market, and the bond market are all approaching bubble territory at the same time, means when it does come down, it will be a complete and utter disaster. + +**Food For thought** + +This has all occurred under 4 different presidents. It kind of makes ongoing political arguments that have been heating up in recent years seem somewhat irrelevant. Democracy is an illusion. Our government is owned by the Federal Reserve; It doesn’t matter which side of the aisle you’re on, the agenda is the same. + +**So, in conclusion, buy, hold, and DRS until we bring down the Federal Reserve.** + +**TL;DR:** A breakdown of how the Fed’s actions have destroyed the American Economy in the past decade. Economic intervention by the Feds, in the past decade, has fueled Wall Street’s greed, caused significant inflation, widened income and wealth gaps, and is responsible for a completely broken labor market (among other problems) - All to help the rich get richer. The new tools the Fed has utilized in the past decade (quantitative easing, reverse repos, etc.) are all part of a literal experiment gone terribly wrong. And with every passing day, the problem just keeps getting worse. +Transport in Goa is awful so car rentals are quite common. Ive just seen the rates - even a 6L car costs 1500/day to rent. + +Even taking assumption that you are able to rent your car just 10 days a month and sell your car in 5 years for only 65k, that's 9.5L in 5 years on a 6L investment. + +That's a 10% CAGR being extremely conservative. + +Am I missing something or is this a very lucrative business? +Warren Buffett made headlines recently after his recent [virtual Berkshire Hathaway Annual Shareholders Meeting](https://www.youtube.com/watch?v=69rm13iUUgE). + +Buffett sold of all his shares in the major US airlines, and Berkshire announced a record quarterly net loss of nearly $50BN. Berkshire *had* held sizeable positions (around 10%) in the major US airlines. + +As well as this, Buffett also allowed Berkshire's cash stake to rise to a record $137.3BN from $128BN at the end of 2019. + +Clearly, as he is selling at a significant loss, Buffett believes that there is further pain ahead for the airlines. + +The GOAT is not one to fall for the sunk cost fallacy... + +Moreover, his cash position indicates that he doesn't believe that we have reached the stock market bottom yet, although he wouldn't give specifics. + +Others however are more explicitly bearish. + +The numbers are certainly [not looking good](https://fortune.com/2020/03/20/recession-us-gdp-negative-growth-q2-predictions/)... + +**TRUTH 1/2:** + +[1640 CEOs left their posts in 2019](https://www.cnbc.com/2020/01/07/2019-had-the-most-ceo-departures-on-record-with-more-than-1600.html), the highest year on record since tracking began in 2002. + +For context, there were 1484 exits in *2008* when the country was embroiled in the financial crisis. + +This trend has continued in 2020, [in January a record 219 CEOs left their posts](https://www.cnbc.com/2020/02/12/rapid-ceo-turnover-continues-with-a-record-number-of-top-executives-departing-in-january.html), the highest month on record. + +The economy was going to crash anyway. It was inevitable. + +However, they were afraid of massive protests against corporate greed, massive social unrest, etc so they needed a diversion that would provide an excuse. + +People will think the crash was solely due to the virus and not the numerous fundamental economic and structural issues at play. + +To highlight just a few: we've had the [yield curve inversion](https://www.businessinsider.de/international/yield-curve-inversion-explained-what-it-is-what-it-means-2019-8/?r=US&IR=T), the [repo madness](https://www.bloomberg.com/news/articles/2019-12-08/repo-blowup-was-fueled-by-big-banks-and-hedge-funds-bis-says), the [record corporate debt](https://www.businessinsider.de/international/us-corporate-debt-10-trillion-record-percentage-economy-expert-warnings-2019-12/?r=US&IR=T), and [corporations being the main source of demand for equities via stock buybacks](https://www.nytimes.com/2019/02/25/business/stock-market-buybacks.html) which enrich executives that hit certain earnings per share targets. + +Last year billionaire Peter Thiel, who was part of the notorious Paypal Mafia, [spoke on the dangers of American Exceptionalism](https://www.youtube.com/watch?v=7JRyy2MM-rI). He argues that this has made America "exceptionally un-self-critical" + +Warren Buffett concluded in his virtual meeting: "Never bet against America" + +In other words, never bet against the military industrial complex to enforce American superiority and the power of the dollar as the de facto unit of exchange globally. + +**TRUTH 2/2:** + +As smart contracts pioneer Nick Szabo has stated: + +"Buffett's wealth can be measured less in present cash than in the future cash from the Fed he is right up there at the front of the Cantillon line to get." + +[The Cantillon Effect](https://www.youtube.com/watch?v=rv5xl1AEeQs) essentially refers to the fact that fiat printing itself increases inequality. + +On a more general note, it is important to remember that, despite his gentle image, Buffett is ruthless in his craft. + +A [New York magazine profile from 1991](https://books.google.de/books?id=veTPZA9TWxsC&pg=PA45&lpg=PA45&dq=1991+new+york+magazine+warren+buffett+Warren+looks+like+a+teddy+bear,+but+mentally+is+he+ever+tough&source=bl&ots=OT8xAOp_-y&sig=ACfU3U2s1_9PvAvkaw4w5BSh0l1KgG1yhA&hl=en&sa=X&ved=2ahUKEwjtvP2__ZzpAhUG3aQKHfcYA1kQ6AEwFXoECAkQAQ#v=onepage&q=1991%20new%20york%20magazine%20warren%20buffett%20Warren%20looks%20like%20a%20teddy%20bear%2C%20but%20mentally%20is%20he%20ever%20tough&f=false) stated: + +"Though he appears homey and guileless and cultivates a hayseed image, Buffett can be iron-fisted." + +According to a senior Salomon trader: "Warren looks like a teddy bear, but mentally is he ever tough." + +Yes, Buffett has dropped numerous gems throughout the years, but ultimately his responsibility is to Berkshire Hathaway and his own, sizeable, bags. + +Overall, it would be foolish to overlook Buffett's current cash position. + +When everything is dirt cheap and we do eventually hit the bottom, he will be flush with cash and ready to aggressively sweep up bargains. + +At the moment, it is clear that he believes these bargains are not present, and therefore it would be wise to consider the fact that we may have further downside in store... + +[https://www.youtube.com/watch?v=OsAfJMNtxsU](https://www.youtube.com/watch?v=OsAfJMNtxsU) +I am 31 and want to start investing for long term in ETF. Which one would be better investment among the two since VTI are at comparatively at lower buy rates but performance overtime for these two stocks in the history have almost remained the same, that is why VTI is the top choice rn. + +Also is this stock better if i want to buy liabilities like a car in 5 years and take out returns , if not what ETF would be more likely be the better choice. +I have begun really digging down to try to learn how to trade, although I know a lot of it will simply come from losing, making mistakes, and experience. + +&#x200B; + +I'd like to know how many of you are making a living from trading as an income, how long did it take you to do it, and what was your starting capital? +Hey r/StockMarket! + +I just stumbled across this during my weekend reads this afternoon and just thought it was worth sharing with all of you guys in here as well. + +Listed below are the max. % pullback on each respective bear markets; bear market start; bear market bottom; recovery back to new highs; and finally the catalyst for the bear market. + +I hope you all enjoy this little read through of the previous U.S. bear markets! + +***** + +#The Bear Market of 1956-1957: + +> **Max. Pullback:** -21.5% + +> **Start:** August 6th, 1956 + +> **Bottom:** October 22th 1957. + +> **Recovery:** Septemer 24th, 1958 (15 months to bottom; 11 months for recovery) + +> **Catalyst:** The "Eisenhower Recession" of 1957-'58 that lasted 8 months. + +***** + +#The Bear Market of 1961-1962: + +> **Max. Pullback:** -28% + +> **Start:** December 13th, 1961 + +> **Bottom:** June 26th, 1962 + +> **Recovery:** September 3rd, 1963 (7 months to bottom; 14 months for recovery) + +> **Catalyst:** Flash Crash of 1961-'62: The "Kennedy Slide". Market came close to the bottom again during the Cuban Missile Crisis in Oct 1962. + +***** + +#The Bear Market of 1966: + +> **Max. Pullback:** -22.2% + +> **Start:** February 10th, 1966 + +> **Bottom:** October 7th, 1966 + +> **Recovery:** May 4th, 1967 (8 months to bottom; 7 months for recovery) + +> **Catalyst:** Financial Crisis/Credit Crunch of 1966. + +***** + +#The Bear Market of 1968-1970: + +> **Max. Pullback:** -36.1% + +> **Start:** December 2nd, 1968 + +> **Bottom:** May 26th, 1970 + +> **Recovery:** March 6th, 1972 (18 months to bottom; 22 months for recovery) + +> **Catalyst:** 1969-'70 Recession - a "mild one" that lasted 11 months. + +***** + +#The Bear Market of 1973-1974: + +> **Max. Pullback:** -48.2% + +> **Start:** January 12th, 1973 + +> **Bottom:** October 3rd, 1974 + +> **Recovery:** July 17th, 1980 (21 months to bottom; 70 months for recovery) + +> **Catalyst:** Oil crisis of 1973, 1973-'75 recession that lasted 17 months, stagflation (high unemployment & high inflation). + +***** + +#The Bear Market of 1980-1982: + +> **Max. Pullback:** -27.1% + +> **Start:** November 21st 1980 + +> **Bottom:** August 12th, 1982 + +> **Recovery:** November 3rd, 1982 (21 months to bottom; 3 months for recovery) + +> **Catalyst:** Volcker tightening and 1981-'82 recession that lasted 18 months. Recession ended in 1982, as bear market recovered to prior peak. + +***** + +#The Bear Market of 1987: + +> **Max. Pullback:** -33.5% + +> **Start:** August 26th, 1987 + +> **Bottom:** December 4th, 1987 + +> **Recovery:** July 26th, 1989 (3 months to bottom; 20 months for recovery) + +> **Catalyst:** Black Monday (Oct 19), but bottom was only in Dec. Recovery surprisingly long but Fed made a series of rate hikes in 1988 to fight inflation. + +***** + +#The Bear Market of 2000-2002: + +> **Max. Pullback:** -49.1% + +> **Start:** March 27th, 2000 + +> **Bottom:** October 9th, 2002 + +> **Recovery:** May 30th, 2007 (31 months to bottom - 56 months for recovery) + +> **Catalyst:** Dot-com crash, 2001 recession, 9/11. + +***** + +#The Bear Market of 2007-2009: + +> **Max. Pullback:** -56.8% + +> **Start:** October 10th 2007 + +> **Bottom:** March 9th, 2009 + +> **Recovery:** March 28th, 2013 (17 months to bottom; 49 months for recovery) + +> **Catalyst:** Housig bubble crash, Great Financial Crisis. + +***** + +#The Bear Market of 2020-?: + +> **Max. Pullback:** -26.7% (so far...) + +> **Start:** February 20th, 2020 + +> **Bottom:** ? + +> **Recovery:** ? + +> **Catalyst:** COVID-19. + +***** + +#Conclusions: + +> Worse the drawdown, larger the gain required to hit prior peak. + +> * -20% -> +25% to recover +> * -25% -> +33% +> * -30% -> +43% +> * -35% -> +54% +> * -50% -> +100% +> * -60% -> +150% + +> In other words, deeper the drawdown, longer the recovery. (eg, 1973-'74, 2000-'02, 2007-'09) + +***** + +#Last but not least: + +> Since 1950- + +> **Fastest crash:** 1987 bear market (3 months) + +> **Fastest recovery:** 1980-1982 bear market (3 months) + +> 6 out of 9 bear markets came amid recessions. + +> 3 of the worst bear markets came amid deep recessions (1973-'74, 2000-'02, 2007-'09). + +***** + +Apologies for this long post! Thanks for taking the time to read this. :P + +Have a great rest of your Sunday everyone! And best of luck to all on the new trading week ahead. +My father makes around $40,000 annually. I have been raised in an apartment complex, and my family is incredibly dysfunctional. + +I plan to start at community college in part bc it feels like the most financially “safe” decision, especially since both years of community in my city are free. I admittedly don’t have an idea of what I want to major in. + +However, what I do know is that in spite of my issues w depression and anxiety, I am really hoping to move out of my income bracket. I don’t know how to pay taxes. I know nothing about potentially buying a home and about how to save my money. I am miserable over the fact that I have grown up poor in such bad circumstances. + +How can I be smart about my financial planning over the next few years? +There are many examples that show that being poor costs money. An example would be that a poor person does not always have the possibility of buying products in bulk (which usually saves money) - which means he spends more money on the same stuff. Another example is ensuring his car in a rough neighborhood which usually costs more. + + +Is there a standard name for the phenomena? + + +I googled but did not find any mention of a unified name. I also did not find a site on StackExchange where I felt a question like this belongs. So I thought this is a place I can ask. + + +Thanks. +Bonfire has an ATH of 110M market cap in just 5 DAYS! + +This token is now 6 days old with about 65,000 holders already. Just as the title says, there's a huge opportunity within this coin. Community growth has been consistent and is thriving, take a visit to our discord server or telegram chat to see this. They currently have an AMA planned on discord thats in 3 hours at 7PM UK TIME. There is a lot the anticipation for coinmarketcap, coingecko, blockfolio, etc. Marketing is going to be a huge focus from the admins , pushing this coin further than people could imagine. Ultimately, the combination of transparency from the leadership through AMAs, an importance placed on marketing, and a thriving enthusiastic community is what will drive this price up and a 1 billion market cap isn't something absurd to think about. There's a lot of long term plans for Bonfire and they're trying to escape the label of being just another shit coin. + + +Website - www.bonfiretoken.co/ +Discord \[AMA HELD TODAY\]: https://discord.gg/AhJXDff5FH +Telegram - t.me/BonfireTG +PancakeSwap - https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590 +Chart - https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590 +Our own subreddit - https://reddit.com/r/BonfireToken/ +Twitter - https://twitter.com/token\_bonfire +BSCScan: https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590 +I developed India's first and only practical Dividend Calendar that shows you the dividend yield as a function of last traded price (instead of the face value) of the stock! + +Check it out at - [https://pFinTools.com/](https://pfintools.com/) + +We are just starting out and we'll be coming out with more practical, powerful, pedantic financial tools, so please make sure to let us know if there's anyway we can make this better or if there's any specific feature that you'll like to see in the future. + +Linkedin post detailing my story [https://www.linkedin.com/feed/update/urn:li:activity:6969742704738017280/](https://www.linkedin.com/feed/update/urn:li:activity:6969742704738017280/) + +Edit 1: We just hit 30 users in the last 30 minutes, thanks for all the love and support. + +So I’m relatively new to investing and a lot of people have been telling we to be wary of the ark funds and cathie, as people before who have been trying to beat the market have always failed. + +So my question is, have past actively managed funds like the ark funds straight up crashed, or did their growth just slow down to around the level of large index funds like VTI? +So many. So so many new accounts spamming bullshit It is driving me insane. Oh this seemingly innocuous account is hyping a particular stock let's take a look. Less than a week old and pretty much the only comments they make is hyping those stocks. I sincerely despise this whole meme stock debacle. The whole site is annoying now, because everybody had the same brilliant idea that if you can manipulate retail look how much money we can make. If this is you and you're out there go away. For the love of God just go away. +From my favourite place, that i've been going to for over 20 years, I remember when they had to raise their prices to $12 for a large (300mm) it was a pretty big deal going up from $10, but they're always been good quality and have never charged for extra's, then at the start of Covid it went up to $15. + +Now for the first time in 40 years they're charging $2 per extra on a large and the owner has said the'd have to go to $17-18 for a pizza otherwise, when they went to $15 that was more than covering those that had extra's, now its just covering a base Pizza for them, it's a massive change for this shop. + +I wish wages were going up by as much as cost of Pizza. +Just bought my first home and the previous owner was a heavy smoker. I’ve done enough research to know I need a ozone generator but I have a few questions. The entire house needs done for context. About 1000 sq ft 2 floors. + +1. Should I buy one for ~300 or rent one? I’d end up spending more to rent but are their machines typically more powerful? + +2. Do I need to cover my appliances? + +3. Where do I place it so it effectively hits the entire house? +Hey apes, Crux here. You may be familiar with the digging I've done on the Citadel Empire and the web of shit Ken Griffin has created, see my post history. + +I was reviewing another type of public document, UCC filings, and came across something interesting. UCC stands for the Uniform Commercial Code, and there are standard forms that get filed with each state. One of those is a UCC-1 financing statement. From [this article](https://www.wolterskluwer.com/en/expert-insights/what-is-a-ucc-filing): + +>A UCC-1 establishes you as a secured party. This means in the event the debtor goes bankrupt, you have a “place in line” so to speak when a court divides that debtor’s assets among creditors. If you are a secured creditor, you stand towards the front of the line (likely behind any government entity, such as the IRS). This means your chances of recovering all or at least some portion of your money or assets are much higher. If you have not filed a UCC-1, then you are considered unsecured, and as such, you are placed in the “back of the line,” behind the secured creditors. +> +>Secured creditors are taken care of first in the division of assets. Unsecured creditors are left to fight for whatever remains if anything. If you are unsecured, your chances of recovering your collateral are quite poor. + +Searching [New York's UCC filings database](https://appext20.dos.ny.gov/pls/ucc_public/web_search.main_frame) for "Citadel" (use the 'Other Debtor Search Options'), I found that several Citadel funds had financing statements filed by creditors in the 2008-2009 timeframe. What was happening then? Oh yeah, the financial crisis when Citadel almost went kaput. + +https://preview.redd.it/bnmgmjmwe1j81.png?width=1164&format=png&auto=webp&s=aaa01276c6f9b9959f6ef0e868995d40655cc0a0 + +Some of these docs are available online. They're just a few pages and don't contain specific dollar amounts, but they clearly shows Citadel's securities and other funds are being put up as collateral. + +https://preview.redd.it/l8290jptf1j81.png?width=700&format=png&auto=webp&s=cf1e03d19ddf34be781f9dfe0deb568b183b24dc + +https://preview.redd.it/qb12798vf1j81.png?width=887&format=png&auto=webp&s=9e026c3903e9f6c29352767a1d1cc4c4d5f149af + +So back in 2008-09 Nomura and Credit Suisse were providing financing to these Citadel funds. In 2011 Deutsche Bank did too. + +Now skip ahead and what do we see? + +https://preview.redd.it/6h7ilzvqe1j81.png?width=1171&format=png&auto=webp&s=6fd59c5ca6c0a86d7ce4bb20b575057471568186 + +Images of the documents are unfortunately not available on the web - I'm going to try and get them another way - but this clearly shows that some kind of financing has been extended to Citadel's Global Fixed Income funds by the Bank of New York Mellon and Mizuho Securities in the last six months. + +This, combined this with the recent restrictions around investor redemptions, shows that Citadel and Ken Griffin are under A LOT of pressure. No wonder it looks like Ken has aged 10 years in the last 1. + +That's all for now, see you apes on the moon. 🚀🦍💎🙌 +Robinhood, Citadel and all the other fuckers with short positions in GME are acutely aware of how much hatred retail traders have for Robinhood because of the buying restrictions placed on GME in January. + +They are very well aware that many retail traders will be tempted to short Robinhood as a show of defiance. + +Let me ask you something, if the hedgies see all the people who hold the very stock that is threatening their bankruptcy suddenly open short positions in Robinhood, what would be the most logical thing for them to do? If you said "pour a lot of money into long positions on Robinhood to short squeeze retail traders" you would be correct. + +DO NOT TOUCH THE ROBINHOOD IPO!! DO NOT GO LONG ON IT, DO NOT GO SHORT ON IT, IGNORE IT. + +The last thing any retail trader wants is to be margin called and forced to sell their GME shares to cover by the very people who deserve that exact scenario. + +&#x200B; + +&#x200B; + +Not Financial Advice ;) +It has become an increasingly problematic situation for r/Superstonk and our nearly 500,000 members that some individuals are repeatedly harassing other subreddits. As moderators, we have declared a zero tolerance policy for brigading and have mentioned this multiple times in our daily news posts, as well as on YouTube and Twitter, so as to reach as many of you as possible. + +# Automod Change - No Subreddit Mentions + +Nonetheless, the problem has persisted. Several moderators from other subs have supposedly reported this to Reddit admins, and we have now received messaging from Reddit admins about this very topic, and the following has been forcibility added to our automod code: + + #do not remove per admins + + title+body (regex, includes): ['\br/ ?(?!superstonk)\S+'] + action: remove + action_reason: "links to other communities {{match}}" + + #do not remove per admins + + title (includes): ["r/"] + action: remove + action_reason: "call outs of other communities {{match}}" + +Also, I have added the following words to automod for instant removal: **gme\_meltdown**, **melvincapitallove**, **wallstreetbets**, **amcstock**, **WSB**, and **AMC**. This list will be adjusted as necessary in regards to preventing discussion of other subs, in accordance with Reddit Admins. + +# No Tolerance for Brigading + +Brigading can include the following: + +* Vote manipulation of other subs' content, either positively or negatively +* Harassing other subs' posts and comment threads with pro-r/Superstonk content +* Making posts on this subreddit about other subs and their members +* Organizing in any way to influence other subs one way or another +* Posting negative comments or posts on r/Superstonk itself +* Posting screenshots of posts from other subs + +We understand that there are many issues coming from other subs. I will not name those issues because of the new Reddit automod rule that says we cannot discuss those subs. But many of us have felt defensive in this regard. I kindly ask all of you to stay focused on r/Superstonk, the stock we all love $GME, and issues of the financial world, and not those of the reddit world. As of today, you can no longer discuss other subs on this subreddit. + +**We have also DISABLED CROSSPOSTING for the foreseeable future, so as to not include other subreddits in any way.** + +Please note that we cannot enforce these rules off of Reddit, such as on Twitter, Discord, or YouTube, unless it is by means of our own individual accounts. However, we do discourage making this a big issue on other social media, because that could also be used against us. + +# No Brigading Rule + +We have also added a new rule that will be used to remove content and potentially BAN users for this behavior: + +>Under NO circumstances, will brigading be tolerated on this subreddit or any other. Individuals who are discovered to be participating in this, risk being permanently banned for this reason. +> +>Brigading includes: +> +>\- organized voting on other subs +> +>\- harassing other subs +> +>\- using r/Superstonk to defame other subs +> +>\- sharing screenshots from other subs +> +>Additionally, Reddit Admins have placed an irremovable code into our automod that prevents linking other subs entirely. + +If you violate this rule, you will be considered an instigator in directly attempting to take down r/Superstonk, and we will respond as intensely as can so as to prevent that circumstance. + +# Additional Measures + +We are currently exploring additional measures on how to comply with Reddit Admins' anti-brigading rules, and that may include increasing karma/age limits considerably as well as bringing in considerably more moderators that we trust and can rely on to properly moderate the sub. We are making these changes due to outside parties reporting us for facilitating brigading and also due to Reddit admins contacting us directly in a very concerning manner. + +If you see brigading, please discourage it as intensely as you can. We do not allow this, and it is a bannable offense. We hope to comply entirely with Reddit Admins' requests, as that is the platform we are on. We need to comply with Reddit rules above all else. Thank you. + +# Edit: Automod Code for Other Subs + +I have also created an automod code that can be easily copy/pasted into other subreddits' automod, which will effectively block crossposts from r/Superstonk. I just tested it and it works great! If other subs are truly having issues with our members crossposting into their subs, they can use this to block us: + + --- + + # SUPERSTONK GTFO + + type: crosspost submission + crosspost_subreddit: + name: ["Superstonk"] + action: remove + message: | + We don' like yer kind 'roun 'ere. + + --- + +As of current, our automod and rules are updated to be strict against brigading, limiting certain words and references to other subs, and all crossposting is disabled. I am unsure personally how to prevent this further, so here is code that other subs can use to block specific words and mentions: + + --- + + # I DONT LIKE THE STOCK + + title+body (regex): ["GME", "$GME", "to the moon", "paperhand"] + author: + is_moderator: false + action: remove + message: | + We don't like the stock, but we haven't read enough DD. + + --- + +Hopefully now it can be evidently clear that we are making zero efforts to Brigade other subs, and are now actively bolstering their capabilities against us. I am confident r/Superstonk will nonetheless grow and continue to unearth the truths of the real market due to GameStop stock and research around it. I like the stock. I love the company. CAN'T STOP; WON'T STOP. +During 16th -19th century when Mercantilism dominated, a state wants to minimize imports and maximize exports. If all countries were Mercantilist, there would be nobody to buy these exports. How did this work? +IE: What do you have to know from college linear algebra to be successful in a first year PHD program in economics. This includes applications to Micro, Macro and Econometrics primarily. + +&#x200B; + +I'm using MIT OCW to review linear algebra prior to grad school applications because lin-alg was my worst course in all of college, which I know is a bad sign for grad school admits. +Hey guys. + +BNB rewards system are taking BSC over the last few days, these guys are taking it to the next level. First, they launched sucessfully a 1000 BNB Pre sale on their own app and everything was smooth and safe. They have also KYC and audit before it was even launched. The BNB rewards you get from the reflection of transaction is crazy, it encourage everyone to hold and they have a feature that allows you to re invest your rewards, this way your bag gets bigger and you get even more rewards day after day. + +This is just the beginning. Hop in before this takes off. + +Also want to point out that the dev behind this surely know what he's doing, the contract is made up from scratch and they deliver exactly as promised, no sketchy stuff or delay of some kind. + +&#x200B; + +Some important points: + +&#x200B; + +⭐️KYC accredited team + +⭐️Contract Audited by 'Solid Proof' + +⭐️1 trillion total supply, , 4% marketing wallet, After presale, the LP tokens will be locked for 1 year, 2% will be reserved for airdrops and giveaway, 1% will be reserved for the team. + +⭐️Claim Both BNB and XLD! (Can Set your % claim of both tokens so 100% BNB, 100% XLD and Any combination in-between) + +⭐️Gradual buybacks & burns (from the BNB reserve tank). + +⭐️Anti-Dump mechanism (0.1% of total supply sold in any transaction). + +⭐️12 % BNB buying tax/ 15% BNB rewards sales tax (17% BNB sales tax for the first 30 days of launch) + +⭐️4 % tax towards liquidity + +⭐️Custom dApps from experienced developers + +⭐️External BNB reward pool income sources such as merchandise store (all profits into the BNB pool) + +⭐️Back-up reserve pool to allow for consistent rewards. + +⭐️LP Locked for 12 months + +⭐️Experienced DEV team who are adding more features being added regularly! We are building an ecosystem for BNB rewards! + +⭐️ Intensive marketing plans after presale (YouTube promotions, merch, TikTok and of course...memes!). + +&#x200B; + +Key Links: + +[🌐 Website](https://stellardiamond.net/) + +[📝 Whitepaper](https://docs.stellardiamond.net/) + +[📱 Twitter](https://twitter.com/XLDStellar) + +[🖥 Discord](https://discord.gg/2VFc6EKrt2) + +[🔗KYC](https://twitter.com/SolidProof_io/status/1403707952779907077) + +[📁Audit](https://github.com/solidproof/smart-contract-audits/blob/main/SmartContract_Audit_Solidproof_StellarFinance.pdf) +Hi All, + +I dont see this discussed very often but can you guys help me find the negatives in this scenario? I am in my 30s and have about 750k in cash (outside of emergency fund etc). Why not just DCA and spread the cash out into 8-10% monthly dividend yielding etfs/stocks across multiple sectors and virtually replace enough of my paycheck to retire? My wife would continue to work so healthcare costs etc wouldnt be an issue. Ive only seen one investor/youtuber doing this. He generates 5800 gross on about 680k invested. + +I dont care at all about growth and plan on living in a state with no income tax on dividends so the tax burden wouldnt be as heavy as my paycheck is in CA right now. + +I would of course try to give myself some cushion so that I am not relying on every cent of those dividends every month. + +Why is this not more of a talked about strategy? I have to be missing something here. Thanks for the input in advance! +🍪BitCookie🍪 is an innovative project that **aims to solve all the vulnerabilities plaguing BSC tokens.** + +A **one-of-a-kind** smart contract that provides the best launch on DxSale you've ever seen and the safest and fairest trading experience on BSC. + +  + + **Anti-Bot, Anti-Rug, Anti-Whale** + +MAX TX LIMIT: 0.5% of supply. + +MAX WALLET LIMIT: 3% of supply. + +TEMPORARY BAN SYSTEM: To punish bots and coin abusers. + +TX COOLDOWN: 60 seconds. + +PRICE: Presale = Listing + +PRESALE LIQUIDITY LOCKED + +MARKETING WALLET: Locked for 1 day. + +DEV WALLET: Locked for 30 days. + +  + +**Tokenomics** + +8% tax on every transaction. + +2% - REFLECT: Earning passive income by holding. + +4% - LIQUIDITY: Protecting against wild price fluctuations. + +1% - MARKETING: Helping the coin stay relevant. + +1% - DEV: Allowing the team to make better projects in the future. + +​\*Marketing and Future Fund wallets have the same limits as regular wallets. + +🌐 Website: [https://www.bitcookie.club/](https://www.bitcookie.club/) + +📞 Telegram: [https://t.me/BitCookieBSC](https://t.me/BitCookieBSC) +ARK Invest founder Cathie Wood offered the latest defense of the once-highflying, disruptive innovation strategies that had made her suite of exchange-traded funds among the most popular, and best-performing, on Wall Street in 2020. + +In a Friday evening blog post, Wood said that despite a brutal stretch that has compelled the operators of the ARK Invest ETFs, including the flagship Ark Innovation ARKK fund, to do some soul-searching, the fund manager is sticking to her game plan. + +Read more: https://www.marketwatch.com/amp/story/cathie-wood-says-stocks-have-corrected-into-deep-value-territory-and-wont-let-benchmarks-hold-our-strategies-hostage-11639795224 +Today AC closed at $24.82, +4.8%, purely on good market sentiment. I see a lot of people on this sub talking up this stock, and i believe this will end up with a lot of sadness for beginners who falls into it. I truly believes that AC is in a bubble and the rug pull will be coming eventually. I am posting this so that people who own AC understands what they are getting into. I am not your financial advisor, and you should double-check anything strangers on the internet says. + + +Let's start by saying : + +Yes, Air Canada is owning a huge amount of the market share in a quasi monopolistic way. + +Yes, the government will probably keep lending money to AC if they need. + +No, AC is not headed for bankruptcy; they have a lot of cash on hand. + +These are probably your arguments when you got into this stock. I also bough into AC in March & June 2020 with these exact same arguments; trust me i understand the feeling. But hear me out on what Air Canada is actually worth TODAY. + +Open this and set it to 5y : +https://money.tmx.com/en/quote/AC + +Notice that the current price has stabilized to about what it was in 2018 + + +Please take a look at this chart and set it to 5y : +https://ycharts.com/companies/AC.TO/price_to_book_value + +This is the Price to Book value of Air Canada on a timeline. + + +Let's pick a date : February 12, 2018. Almost exactly 4 years ago the price was practically the same. +Go in the ychart graph and find that date with your cursor : roughly 2.2 P/B. In fact, you can notice very easily that the P/B has kept a very stable trajectory in the pre-corona era. + + +Why is this a problem? Well... if you don't see this as a problem and you are managing your money or someone's money, you need a crash course RIGHT NOW. + +Book value of a company is the wealth in the company minus the debt. +P/B, or Price to Book ratio, is a ratio to determine the amount of wealth in the company in relation to the share price. + + +What does this all mean? + +In 2018 when you purchased a share of AC at the same price as today, you were getting about 12$ of wealth per share. + +Today, every share you purchase of AC has 0.41 cents of value behind it. + +The market was maintaining the valuation of Air Canada at roughly 2 P/B for years. Today the P/B is 60. That means for 60$ you put in AC, you get 1$ of book value. In 2018, for 2$ you would get 1$ of value. I'm repeating myself here so that the magnitude of the situation can be grasped. + +This is clear evidence of a bubble. Perhaps you could say, in the current price, we are pricing-in the recovery and a potential boom in air travel in the post-corona era. I can see myself agreeing with that. It's rational. Well then, what would it take to fill up that financial hole? Let me explain to you how thick and long you would have to be : + +https://aircanada.mediaroom.com/2019-02-15-Air-Canada-Reports-2018-Annual-Results + +This is the annual results of Air Canada, with record smashing profits. Read how giddy and pleased with themselves they are with these results. Let's boost and round up the net income to 1.5 billions : This represents an exceptional year with a whole lot of accountant magic to make it look better. + +AC has roughly 357m shares out there. To get to a P/B of 2, they would need to add about 12$ per shares of value. This would amount to more than 4.2 billions $ (Calculations are very roughed). In other words... half the current market capitalization. + +So, 3 record breaking years would bring Air Canada to a book value that is in line with what the market was pricing it at in the pre-corona era. Realistically, i see that as 6 to 10 years. + +This is what you are getting into. If you want to bet on a potential air travel boom, as i am, there are a lot of less risky options out there. You would say, why don't you short it then? Well, i admit that i am cowardly and i don't like to get in a death match with insane people. This is a textbook example of "The market can remain irrational longer than you can remain solvent". +For an economy that’s propped up on this idea of the free market… And the blatant manipulative tactics that are well described throughout this And other subs… Our regulators including the SEC are jeopardizing the loss of an entire generation of investors and all of the wealth generated through this event. + +Even with the “fixes” We’ve seen come out, I think everyone of us knows better than to think any of that is for our benefit. + +So whoever Keeps up with all of our posts and Interrupt your bosses porn hub time to report on it… If you’re jeopardizing the future of America is free market by causing a lot of faith in your investors. The longer you drag this out, The fewer people that will return. +I’ve been reading 10k’s and playing around with DCF models but I feel like i’m feeding my ego more than I am actually getting comprehensive analysis done. + +What are some thing’s that I can add to my business analysis strategy that will help me make more intelligent investing decisions? +In a recent press release on Twitter, PPFAS stated + +>In order to avoid breach of industry-wide overseas limits as allowed by RBI, Pursuant to SEBI's advice and AMFI clarification dated January 30, 2022, Schemes intending to invest in overseas securities need to stop accepting inflows w.e.f February 02, 2022. Accordingly, we will be stopping all forms of subscriptions in: **Parag Parikh Flexicap Fund** +> +>Ongoing SIP/ STPs will not be affected as of now. Click above for the Notice cum Addendum. All purchase requests received after cut off 3:00 PM on February 01, 2022 will not be accepted and processed. +> +>Warm Regards, +> +>Team PPFAS Mutual Fund + +[Source](https://twitter.com/PPFAS/status/1487740368334766080) +I'm in my early 30's and went through an IPO last year that took me from low 7-figures to mid 8-figures. I'm now starting to date again after this windfall, and I've been wondering how I should think about this w.r.t. dating. I'm more of a minimalist and indulge in very few luxuries, so strangers would never guess by just looking at me. + +I know every person and situation is unique, but still curious to hear stories from the community. + +* Did you bring it up earlier (let's arbitrarily say before the 5th date) or later? +* How did that conversation go? Did things change? +* Do you wish you did something differently? +* Any other tips and advice? + +If this content isn't appropriate for fatfire and is more appropriate for another subreddit, please lmk! + +(also working to get verified) +I first posted this in the confession sub reddit and someone messaged me to post here because it might be better suited. I'm in a real shit situation when it comes to supporting my daughter. I lost my job after her father left us, I do get unemployment but that barely covers the bills. Her father still isn't paying child support and I don't know when that will start. I only had a few dollars to either get her the medicine she needed or groceries for us to eat until my food stamps reload next month. i stole the medicine and got us groceries and i still dont know how Im going to make it through the rest of the month. i felt like I was going to like the whole time. I can't even take her to the doctor because I owe too much and they won't see her until I pay off the full balance I owe the office. I'm so afraid someone saw me and next time I go I will be caught or arrested and have my daughter taken away from me. But she needed the medicne. she's been sick with a cough for days and her fever spiked and I didn't know what else to do. My daughter is finally asleep after fighting it for hours because the medicine just took effect and all I can do is hold her and cry and try not to wake her up. I feel so horrible. I've never stolen anything. before in my life and I'm just so scared of how bad I fucked up. I just want things to get better for both of us and I know doing what I did isn't the way to do it. I feel so guilty and horrible about it all +I just want us to get ahead and be in a better place in life. I'm looking into food banks and I called and left my case worker at social services a voice mail about the status of my ex paying child support. it has to get better. Doing things the way I did today isn't the answer and I just feel so fucking awful about it +Long ago and in the distant past. Well, at least 2 months ago. This Subreddit was nearly torn assunder during the BRNageddon. [A massive event in which nearly a dozen took sides on whether Brainchips was the greatest thing since sliced bread or a meaningless grasp in a dead end technology.](https://www.reddit.com/r/ASX_Bets/comments/irvrtc/the_meme_stock_for_tomorrow_is_ban_the_great_brn/) + +&#x200B; + +[As the dust cleared](https://www.reddit.com/r/ASX_Bets/comments/isjlky/the_banpocalypsebrnpocalypse_has_been_averted/) and BRN crashed, some members of this cult continued to hold the Faith. They held up their proofs written in strange greek text and claimed that they still believed. + +Among them was the [u/Whichers](https://www.reddit.com/u/Whichers/). [Who was so sure that they would successed that they agree that if BRN did not reach 65c by December 1st, they would eat a pile of brains.](https://www.reddit.com/r/ASX_Bets/comments/iuury5/im_back_baby_double_or_nothing/?utm_source=share&utm_medium=web2x&context=3) + +That day came and went. Baby mod and current organiser of bans /u/username-taken82 discussed the matter with /u/whichers, who claimed they were having difficulty in obtaining said brains in their ass backward part of this great nation. Both /u/username-taken82 and /u/letsburn00 spent time and effort and were able to locate sources of brains that would ship to them. One mod even was willing to spend money, happy to blow money on what would be a great moment for this subreddit. At least it wasn't fucking EM1. + +The claim remained that brains were hard to find. Other options were raised. Maybe a Poll on other things to eat would be put forward. The winner amongst the mods was that Bull testicles had a nice thematic ring to it. + +Then the fucker deleted their account. + +They are a Coward. Not even the sort to take pride in watching their wife being plowed. + +They are the kind who sneak out the back door and cry. + +Let it be known across these lands. This little bitch shall not be welcome back. + +Them and their children. + +And their Children's Children. And their Children's Children's Children. And their Childrens...Well, you get the idea. + +A pox on their house. Forever. +> Paul Morina, the principal of Paulsboro, New Jersey, High School, is listed in financial records as the president, CEO, CFO and more at a Nevada-incorporated company whose stock is trading at levels that give it a valuation more than $100 million. + +> That’s an oddly high valuation because the company, Hometown International, owns a delicatessen — and only one small delicatessen — in Paulsboro, where the Morina-coached high school wrestling team frequently wins state championships. The company has disclosed that it has shareholders based in China’s Macau territory. + +>The shop, Your Hometown Deli, did just $35,000 in sales — combined — over the past two years, according to Hometown International’s annual report, filed March 26 with the Securities and Exchange Commission. + +https://www.cnbc.com/2021/04/15/hometown-international-nj-deli-owner-worth-millions-in-stock.html +The prices r ridiculous. It hurts to watch. My portfolio went straight to the drain. But hell what is my goal in this game? Yeah it is make it or nothing. There is no middle place for me. I dont care i fail. I always fail. But one time success will save my ass. I will see you in August I guess. Delete all fucking apps. Read a book. Go to gym. Find a job. And i will party with u fucking kids in my mansion. Get the fuck over it. +edit 3: This is going exactly as planned. Hedgies r so fuk, they have no new ideas, they are doing exactly as predicted and nearing the end of the line. Watch this short clip from the Lucy Komisar and Wes Christian interview, where he lays the whole hedgie short and distort plan out for all to see. Classic! + +https://www.reddit.com/r/Superstonk/comments/x6fqfm/reminder_the_rc_fud_were_seeing_is_a_classic_hf/ + +*Edit: this is not a "who's still holding?"-post. Sorry if I gave you that impression. This is a "who's still unfazed and don't give a fuck about all the weekend drama and empty FUD attempts?"-post... Ok? Ok.* + +It's the weekend. + +Nothing is happening. The clown casino is closed. + +🦗🦗. + +I reached level 99 on the calculator game, I even did it upside down and in the mirror. + +I check the sub. Blah blah blah. The usual shenanigans. + +> This post is FUD + +and then shortly after + +> The post saying the other post is fud IS FUD + +I mean. C'mon.. + +---- + +We've seen this before. It doesn't work anymore. Get rekt hedgies because you're running out of shit to pull. We've seen it all before. + +I'm, as usual, completely untouched by all the bullshit and emotional baiting going on here in the weekends. + +I'm DRSed, tapped out, waiting patiently and unhurriedly for my favorite stonk to do something cool. It's alright GME - you can go whenever you feel like it. + +I don't give zero fucks about whatever inconsequential drama going on this weekend. + + +Who's with me? 🙋‍♂️ + +*Edit 2: Whoa dude! Thanks everyone for letting me know you are out there keeping it frosty!* +---- +I just want to use this opportunity to say one more thing I've been thinking about all day: whether there's proof the DTCC committed fraud or not, I think there's good grounds for an investigation under a court of law. **Regardless of the outcome of an eventual suit, I think we can all agree that IF A COURT CASE GOES TO THE DISCOVERY PHASE, there will be a very good chance that the public will see some numbers**. The DTCC has an obligation to ensure that the split procedures are followed. That means they must be able to provide some numbers - how many shares did they receive from the issuer via CS, how many participants were given how many locates. I think there's a good chance here to actually get to see some numbers on some of the rehypothecated and synthetic IOUs out there. + +Alright that's it. Back to dreaming about soup +LMT has always been on my radar, but with the recent price dip ($350), it seems to have some good characteristics. + +Dividend is about 3% with payout ratio less than 40%. They have also been consistently buying back shares. + +I did my own DCF calc and came up with an intrinsic value of $414. Analyst average price target is $430. + +Operating margins are consistently improving and ROIC is excellent. + +The elephant in the room is the US defense budget going forward. It’s been consistently increasing for quite a while, but they’d obviously be in trouble if it were cut. + +That’s what I’ve found so far. I’d appreciate input from others. +[https://github.com/Blankly-Finance/Blankly](https://github.com/Blankly-Finance/Blankly) + +So I've seen a few posts already from our users that have linked our open-source trading framework `Blankly`. We think the excitement around our code is really cool, but I do want to introduce us with a larger post. I want this to be informational and give people an idea about what we're trying to do. + +There are some great trading packages out there like Freqtrade and amazing integrations such as CCXT - why did we go out and create our own? + +- Wanted a more flexible framework. We designed blankly to be able to easily support existing strategies. We were working with a club that had some existing algorithmic models, so we had to solve the problem of how to make something that could be backtestable and then traded live but also flexible enough to support almost existing solution. Our current framework allows existing solutions to use the full feature set as long as **A) the model uses price data from blankly** and **B) the model runs order execution through blankly**. +- Iterate faster. A blankly model (given that the order filter is checked) can be instantly switched between stocks and crypto. A backtestable model can also immediately be deployed. +- Could the integrations get simpler? CCXT and other packages do a great job with integrations, but we really tried to boil down all the functions and arguments that are required to interact with exchanges. The current set is easy to use but also (should) capture the actions that you need. Let us know if it doesn't. The huge downside is that we're re-writing them all :(. +- Wanted to give more power to the user. I've seen a lot of great bots that you make a class that inherits from a `Strategy` object. The model development is then overriding functions from that parent class. I've felt like this limits what's possible. Instead of blankly giving you functions to override, we've baked all of our flexibility to the functions that you call. +- Very accurate backtests. The whole idea of blankly was that the backtest environment and the live environment are the same. This involves checking things allowed asset resolution, minimum/maximum percentage prices, minimum/maximum sizes, and a few other filters. Blankly tries extremely hard to force you to use the exchange order filters in the backtest, or the order will not go through. This can make development more annoying, but it gives me a huge amount of confidence when deploying. +- We wanted free websocket integrations + + +## Example + +This is a profitable RSI strategy that runs on Coinbase Pro + +```python +import blankly + + +def price_event(price, symbol, state: blankly.StrategyState): + """ This function will give an updated price every 15 seconds from our definition below """ + state.variables['history'].append(price) + rsi = blankly.indicators.rsi(state.variables['history']) + if rsi[-1] < 30 and not state.variables['owns_position']: + # Dollar cost average buy + buy = int(state.interface.cash/price) + state.interface.market_order(symbol, side='buy', size=buy) + # The owns position thing just makes sure it doesn't sell when it doesn't own anything + # There are a bunch of ways to do this + state.variables['owns_position'] = True + elif rsi[-1] > 70 and state.variables['owns_position']: + # Dollar cost average sell + curr_value = int(state.interface.account[state.base_asset].available) + state.interface.market_order(symbol, side='sell', size=curr_value) + state.variables['owns_position'] = False + + +def init(symbol, state: blankly.StrategyState): + # Download price data to give context to the algo + state.variables['history'] = state.interface.history(symbol, to=150, return_as='deque')['close'] + state.variables['owns_position'] = False + + +if __name__ == "__main__": + # Authenticate coinbase pro strategy + exchange = blankly.CoinbasePro() + + # Use our strategy helper on coinbase pro + strategy = blankly.Strategy(exchange) + + # Run the price event function every time we check for a new price - by default that is 15 seconds + strategy.add_price_event(price_event, symbol='BTC-USD', resolution='1d', init=init) + + # Start the strategy. This will begin each of the price event ticks + # strategy.start() + # Or backtest using this + results = strategy.backtest(to='1y', initial_values={'USD': 10000}) + print(results) +``` + +And here are the results: + +https://imgur.com/a/OKwtebN + +Just to flex the ability to iterate a bit, you can change `exchange = blankly.CoinbasePro()` to `exchange = blankly.Alpaca()` and of course `BTC-USD` to `AAPL` and everything adjusts to run on stocks. + +You can also switch `stratgy.backtest()` to `strategy.start()` and the model goes live. + +We've been working super hard on this since January. I'm really hoping people like it. + +Cheers +How do I know how much I will need to retire in 2050 as a 70yr old? Given the crazy rise of living costs how can I even think that far ahead? + +It honestly feels like no one is on your side these days, the government has given up governing, companies are on a exploitation mode with all the data they have about us, costs are spiriling out of control on a lot of core things that make a good life, food is shrinking. Like how is it even realistic to plan for a retirement under these conditions? +I understand that this is a probably a painfully broad question given the amount of different heterodox systems of economics and also that it is perhaps eye rolling in the same way that asking an astronomer “how could there be only one (round) shape of the Earth if people assert there is a flat, ring, etc. earth?” could be. For that I apologize, but I’m curious about what economists think makes mainstream economics commonly more rigorous and predictive than heterodox economics. I’d also be extra happy if there is some additional reading on the subject I could be given. +**The $FCF team has won the Crypto Innovation of the year at the dubai crypto expo! FCF PAY is changing the way the world spend and earn cryptocurrency.** + +The team has been approached by big entities in dubai and currently have dozens of massive deals on the table. + +Major mainstream marketing campaign signed up with the Chambers group (they represent over 50 household brands) + +FCFPay is live and functional, merchants/freelancers/stores have started using it! FCFPAY is the first cryptocurrency payment gateway of its kind. It allows merchants to accept any cryptocurrency as payment! + +Partnership with Everly Market is rolling out this month. Fcfpay will be integrated in their network of merchants in the USA. + +Discover our Revenue Sharing Token Ecosystem! (RST) A real world product(FCFpay) that keeps fueling our investor token $FCF! + +$FCFpay integrates with the two biggest e-commerce platforms – WooCommerce & Shopify. But FCFpay doesn’t stop there… The flexible API allows it to be integrated into practically any existing payment system, even in physical retail stores! In fact, a large proportion of the first merchants to use it will be physical stores. + +Imagine paying directly with crypto! You can nowshop online or in person, and spend your crypto gains without having to send them to the bank or use a “crypto credit card” that is actually just swapping your crypto for fiat. Crypto is about to fulfill its true purpose as the CASH of the internet! + +Fcfpay allow you to buy flowers with BNB and order food with Cardano (or any other crypto)... just about any combination you can imagine, and all without requiring you to use a traditional offramp, such as a centralized exchange. + +This will allow FCF to unite the $4 trillion-dollar online shopping industry with the cryptocurrency world. This unification positions FCF to lead the way towards mass adoption and secures the future of FCF as an essential crypto technology! + +**That’s why their motto is “EMPOWERING CRYPTO”!** + +$FCF was already listed on 4 exchanges over a period of just 4 weeks! LBANK, HOTBIT, COINSBIT AND LATOKEN… and there are more to come! + +The payment gateway will incentivize adoption by featuring a fee structure that is lower than PayPal and credit card processing companies. + +Every payment gateway transaction will also induce a buy back and BURN mechanism in FCF, thereby increasing the value of your FCF by reducing the overall supply! + +$FCF rewards holders with BNB dividends based on trading volume (5% of each transaction goes to the dividend pool and is distributed proportionally) AND from a portion of transaction fees once + +FCFpay is launched. Yes, you will earn dividends on every payment gateway transaction! This safeguards your investment from bear markets by establishing a second source of dividend revenue! Imagine receiving a portion of the $4 trillion-dollar e-commerce industry simply by holding FCF! + +Become an FCF affiliate! Earn a stream of income of 0.1% off every transaction processed through FCFpay for 3 years upon having a merchant implementing FCFpay with your affiliate link! + +Refer your friends and family to purchase $FCF token with transactions over 1500$ and earn 1.5% of the transaction as a commission and have the new investor get a 3% refund! + +&#x200B; + +Register for your affiliate ID code here: [https://affiliates.frenchconnection.finance/?RefID=MQU8Wm](https://affiliates.frenchconnection.finance/?RefID=MQU8Wm) + +&#x200B; + +As a great cherry on the cake, FCF is launching its 2nd platform on the ecosystem! FCFPoker, Web3 poker that integrates NFTs and support cryptocurrency payments in exchange of pokerchips. The revenue will be sent in the ecosystem like all the other platforms! + +The Dev is always active and always OVERDELIVERS. + +Dev is Doxxed, KYCd and a Certik audited! + +&#x200B; + +Medium: [https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7](https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7) + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) + +Website: [www.frenchconnection.finance](https://www.frenchconnection.finance) + +Payment gateway website : [www.fcfpay.com](https://www.fcfpay.com) + +NFT Website: [www.frenchfellas.com](https://www.frenchfellas.com) + +Contract: 0x4673f018cc6d401aad0402bdbf2abcbf43dd69f3 + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) +^(Sit the fuck down before you read this.) + +MY **THEORY**: u/Leenixus was almost certainly correct in [Thinking that "They" got margin called today](https://www.reddit.com/r/Superstonk/comments/n5trot/i_dont_to_tout_the_horn_without_knowing_anything/). + +In After Hours 1M shares seemed to "disappear" from EOD Volume before "reappearing" in the EOD Volume later before AH close. I BELIEVE this is because Citadel got margin called @ 1127 today and therefor those 1M shares traded had to be re-routed or re-done or what have you. I can't be certain. I don't know if that's a thing or not but the concept makes a LOT of sense. + +&#x200B; + +&#x200B; + +>Part 1: Introduction to the **theory** +> +>Part 2: Running the numbers +> +>Part 3: Pictures of the EOD Volume bouncing between 2.7M to 1.7M back to 2.7M during AH +> +>Part 4: Extra stuffing for your tinfoil hat & confirmation bias +> +>Part 5: Putting it all together + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# PART 1: INTRODUCTION TO THE THEORY + +In case you live under a rock and don't spend every minute during trading hours staring at the $GME ticker & refreshing r/superstonk, today there was a 5 minute market wide trading halt from 1127-1132. There was also a case of 1M shares disappearing off of EOD (end of day) volume in AH (afterhours). + +&#x200B; + +[5 Minute Trading Halt - You can verify this yourself easily. credit to u\/harbinger2nd for image](https://preview.redd.it/xuya0jf61fx61.png?width=245&format=png&auto=webp&s=f42df2371301145ad94637af91eea42e8fdc0875) + +&#x200B; + +[credit to u\/lnning for image](https://preview.redd.it/q0trxcpn1fx61.png?width=743&format=png&auto=webp&s=732ed6d6b2658bf83b8fbc45e096edeeef4919b4) + +[\*enhance\*](https://preview.redd.it/yccde1z42fx61.png?width=366&format=png&auto=webp&s=2b51580f50bb4354dc34d46a0b2b270539d821a9) + +&#x200B; + +I was reading [This Post by Leenixus](https://www.reddit.com/r/Superstonk/comments/n5trot/i_dont_to_tout_the_horn_without_knowing_anything/) about how he has a theory Citadel got margin called today. Well, ***I think you're right*** u/Leenixus. Let me explain why. + +&#x200B; + +[In the comments under his post u\/Wapata bought up an idea. So I ran some numbers](https://preview.redd.it/v2pzge6r2fx61.png?width=685&format=png&auto=webp&s=06db1dea504aefa97adfadcc4ec8c523125619cf) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# PART 2: RUNNING THE NUMBERS + +I looked at what the volume was when the market got halted at 1127. + +&#x200B; + +[From 0930-1000 there was 441.53k volume](https://preview.redd.it/o87tsd373fx61.png?width=1112&format=png&auto=webp&s=b770e1ce2d26bacc3ef68cc5d15eb93ae8210363) + +[From 1000-1030 there was 254.76k volume](https://preview.redd.it/aa7brgbb3fx61.png?width=1109&format=png&auto=webp&s=2ec92131732951116d9004494795c48d0d91b3c6) + +[From 1030-1100 there was 169.95k volume](https://preview.redd.it/bg11uhxd3fx61.png?width=1118&format=png&auto=webp&s=b1aacfc647cb20802d9341787634a928395f8f4c) + +[& Finally from 1100-1130 there was 150.43k volume](https://preview.redd.it/22p63eyh3fx61.png?width=1121&format=png&auto=webp&s=32c0cbddec3a2d3b1d1dce589bfbd5ded1f6698d) + +Lets add this into a calculator + +[1M shares nearly on the fucking dot.](https://preview.redd.it/v7sukutm3fx61.png?width=770&format=png&auto=webp&s=51ce2fc0f015984981930d51a87dca8156ab7608) + +Compare this to the AH candle again: + +[It's BARELY nudging over that 1M line. That looks a lot like 1.016M shares to me.](https://preview.redd.it/oqyutaqq3fx61.png?width=366&format=png&auto=webp&s=48fbe574e09aef26c014a6ca07675dc878f18118) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# PART 3: PICTURES OF THE EOD VOLUME BOUNCING FROM 2.7M TO 1.7M BACK TO 2.7M DURING AH + +&#x200B; + +Here's some pictures of the EOD volume not being at the "correct" 2.7M today during AH: + +[Webull](https://preview.redd.it/tsgl4u2q4fx61.png?width=1372&format=png&auto=webp&s=ce7f9d273c0fd8401987e45fb910721b837566cc) + +[Yahoo @ 1718 EDT](https://preview.redd.it/qcamc0vr4fx61.png?width=1150&format=png&auto=webp&s=989e85da4b3dcf2061a376f31e9b8b299a48077d) + +[Wealthsimple at 1.22M??? \*by the way, it's at 1.23M now, it has not \\"corrected\\" like Yahoo & others. ????????? I've reached out to them, however replies usually take \~2 days](https://preview.redd.it/7pfinaot4fx61.png?width=818&format=png&auto=webp&s=03f73f15c474617f3842c5591c48c8b7180e0235) + +[Yahoo correcting EOD Volume by end of AH back to 2.7M, many other sources did same](https://preview.redd.it/s78ex9j95fx61.png?width=902&format=png&auto=webp&s=37cce4ecf932e075780eebd4decf79eb35d430a0) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# PART 4: EXTRA STUFFING FOR YOUR TINFOIL HAT & CONFIRMATION BIAS + +At the end of the day we Todd Barker, the head of Citadel's Surveyor Capital step down. + +[Sorry to hear that, Todd.](https://preview.redd.it/c97h74xq7fx61.png?width=815&format=png&auto=webp&s=fab9d2fd4ebfd25b7d7c5392d25dda8ca4bdae19) + +In [This Post by Leenixus](https://www.reddit.com/r/Superstonk/comments/n5trot/i_dont_to_tout_the_horn_without_knowing_anything/) they mentioned how todays price to get margin called is estimated\* to have been $161.19 + +[That's above the estimated $161.19 margin call trigger. Coincidence?](https://preview.redd.it/2d4bc9td8fx61.png?width=992&format=png&auto=webp&s=4237f73919575b866a4958171794f79a8585f7f2) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +&#x200B; + +# PART 5: WRAPPING IT ALL TOGETHER + TLDR + +1. Citadel Securities is one of the **main market makers**. Market makers route orders to the market. +2. When NYSE was halted for 5 minutes @ 1127, the total trade volume for $GME at the time was \~1M shares +3. It's estimated that $161.19 was the margin call trigger price today for the major short sellers of GME (This includes Citadel, theorized to be the biggest) The price was $162.32 when the market was halted +4. **In After Hours 1M shares seemed to "disappear" from EOD Volume before "reappearing" in the EOD Volume later before AH close. I BELIEVE this is because Citadel got margin called @ 1127 today and therefor those 1M shares traded had to be re-routed or re-done or what have you. I can't be certain. I don't know if that's a thing or not but the concept makes a LOT of sense.** + +&#x200B; + +It took over a month for us learn Archegos got Margin Called. So there ***may*** not be confirmation/proof saying otherwise for this theory for awhile. Regardless, the numbers add up and the rabbit hole leads to kens back yard. + +&#x200B; + +EDIT1: + +I should mention that just because a margin call happens, does NOT mean an institution needs to cover all their positions etc. Institutions CAN satisfy a margin call by having enough capital in your "margin account" (unsure if this would be called the same thing for hedge funds). If you can't satisfy it that way, one of two things can happen + +1. You buy securities to cover your short positions or +2. Get liquidated + +&#x200B; + +EDIT2: + +Check out [An ape explained the missing 1million volume. I think I'm gonna throw up.](https://www.reddit.com/r/Superstonk/comments/n5v5m0/an_ape_explained_the_missing_1million_volume_i/) + +&#x200B; + +EDIT3: + +A very good point brought up by u/Jvic111 & my counter to it + +&#x200B; + +[Always encourage both sides of an argument! Thank you Jvic!](https://preview.redd.it/753iwdstgfx61.png?width=715&format=png&auto=webp&s=6bb4e7f23101a63cfe68b9b0c8a5f52719743927) + +EDIT 3.1: + +[This may be another possible solution to the argument above alternative to my guess](https://www.reddit.com/r/Superstonk/comments/n5vqnr/omfg_it_looks_like_all_of_shitadels_volume_was/) + +&#x200B; + +EDIT 4: + +More Counter DD (thanks to u/diskodik for pointing this out): + +[https://www.reddit.com/r/GME/comments/n5pj2q/negative\_1\_million\_on\_volume\_afterhours\_wtf/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/GME/comments/n5pj2q/negative_1_million_on_volume_afterhours_wtf/?utm_medium=android_app&utm_source=share) + +My best guess against it: They started to run into problems because Citadel was in the process of getting margin called and it started to fuck with their processing due to the fact Citadel is one of the largest Market Makers for the NYSE. This would undoubtedly lead to difficulties processing orders/bids to the market [https://www.reddit.com/r/Superstonk/comments/n5v5m0/an\_ape\_explained\_the\_missing\_1million\_volume\_i/](https://www.reddit.com/r/Superstonk/comments/n5v5m0/an_ape_explained_the_missing_1million_volume_i/) + +Or This: [https://www.reddit.com/r/Superstonk/comments/n5yrd7/holy\_shit\_this\_could\_be\_a\_missing\_link\_between/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/n5yrd7/holy_shit_this_could_be_a_missing_link_between/?utm_medium=android_app&utm_source=share) (Courtesy of u/diskodik again!) + +&#x200B; + +EDIT 5: + +Well, I guess I'm not sleeping tonight: + +&#x200B; + +[are you](https://preview.redd.it/fs2cg74p4gx61.png?width=729&format=png&auto=webp&s=7937661f6dd8080317d9253ee0469d1e5f49e0b2) + +[fucking kidding me](https://preview.redd.it/mvuf1bvp4gx61.png?width=1648&format=png&auto=webp&s=2a5210edcc9a1a7a82fea313e56ff7f544312db9) + +My calculation: 1,016,670 + +Negative Candle: 1,015,953 + +&#x200B; + +&#x200B; + +^(None of this is financial advice. I'm an idiot. Pure speculation for entertainment purposes only.) + +&#x200B; + +&#x200B; + +tick tock ken +The hard reality of retail mortgage rates going from ~2,0% to 6%+ isn't being properly appreciated. + +This tripling (!!) of retail mortgage interest rates results in nearly **doubling** of monthly repayments. + +Imagine that - doubling of your largest expense. That's huge. + +The repayment on a $1M mortgage was ~$3700 a month when rates were low, now repayments are around $6000+ + +To give some perspective, say rates were 10% - if they boosted up to 15% you'd only be looking at about a 60% increase. + +_______ + +It feels like people think "because the interest rate is still low, everything's fine", but when you look at the actual impact on borrowers and serviceability, the impact of even modest rate rises in a low rate environment is HUGE. Much greater than in a high interest rate environment. + + +______________________ + +Point is: In past times, raising rates by a few percentage points was hard, and an inconvenience to most people. Now, with the recent low interest rate environment, it could be catastrophic, and would be **heavily** affecting families with mortgages. +How would you disrupt it if you could? I would make it so an independent valuation was made of the house and no bargaining was allowed - just like a normal product. +You've all seen it before - make 5k a month drop shipping Amazon goods, build a website and make a ton with affiliate marketing, take and sell stock photos, write E Books, etc + +If it's so easy, why isn't everyone doing it? Wouldn't these be saturated markets? + +What's your side hustle? Do you make bank and is it easy to do? +Hi. I have about 7k debt. 530 credit score. All the 7k is in collections. I have not had a fun life. I have a new blue collar job 1k a week is easy. Trucking. By lat jan i expect 1500 in a bad week. I am and will be living in my truck. I will have a cell phone bill and nothing else. I would like some help with what i should do with the money for retirement. I dont want to live forever. I want to pass it to my kids. I would like to make money grow by the year. Im sorry if this sounds dumb. What are some suggestions for investing in a way to provide for kids who are both good students with a much better future than my past. I would like to buy a place on some small city and have a horse and dog when i retire. Sorry. I will respond when i can. Sorry. +Edit: looks like things are working again. I got kind of angry in the comments-not getting your pay on time can make someone a little irrational and I apologize. The fact remains that a major bank like Capital One proves they can no longer be trusted and they really don’t care about little people like us. + +Carry on. + +Inb4 “join a credit union” as some of us don’t have that luxury. + +Capital One’s systems apparently have gone down on Thursday night, so millions of us woke up to not getting our direct deposit even though all of our employers have submitted it. Not only is it payday for many people, it’s also the first of the month when rent and other utility bills are due. My landlord is cool currently, but I’ve had plenty who would tell me to pound salt and tack on a late fee of $100 a day. + +Not a single media or news outlet has said anything. Capital One purposely disconnected their customer service phone lines, and I had to get the news of this from twitter of all places. Nobody seems to care that millions of working class people who have jobs and contribute to society and pay taxes are stuck not being able to eat, fill up on gas, or commute to work currently. + +Where is our money? How can we continue to keep getting screwed like this? I pay my bills. I work 50 hours a week. I pay my taxes. And I live paycheck to paycheck. + +This kind of stuff cannot go unpunished. +So I’ll be 34 in June. I’ve been out of work for a while and on disability but I just recently started feeling better and landed a great job I enjoy! I’m only making 35k a year and I have nothing in retirement. I have about 5k saved up. I rent from a friend right now $800 a month and my car is 300 and insurance 200. I’m working on my credit it’s 633 right now .. I don’t know what financial goals I should have everything seems out of reach. Real estate is so expensive in my area . I’m trying to be content with what I have but sometimes I feel like I’m a failure and should be doing better.. any advice? +Rich people aren’t the problem, the problem is half of America makes 50k a year but they defend the rich like they are going to be rich themselves one day. News flash, American dream died along time ago. Wake up and stop defending the obscenely wealthy. This whole system is a fraudulent joke. That is why we are all here, because honest hard work only leads to more hard work in this country now because greedy billionaires have sucked the country dry for too long. +Hi all. +In order to work as a contractor with some companies I opened my own LTD almost 2 years ago. + +My account suggested me to pay myself no more than 50k a year (salary + dividend) to be tax effective, but money just accumulates in the account and looses value for inflation. + +In the mean while there is about 50k sitting in my business account and I wish I could have invested them. + +The accountant is also not very clear about the expenses I can spend from the account. + +I bought a printer and office equipment, I pay for website hosting, some travel, but I feel I can be much smarter with the expenses. + + +Any advise, ideas or suggestions for better channels for these questions? + +Thanks! + + +Just some background, I have a pension plan already from another country, plus maxed out my lisa and isa, and investing 5K a year to sipp. +I just don't want to put more money to my far future. +Hello, my new finance professor has been teaching us about how the Federal Reserve is screwing the government by forcing the government to pay interest on the money the government borrows. He believes the government should print money, therefore they wouldn't have to take on so much debt. + +Is this true? +# 0. Update + +Edit: Ah here we are after cinco de buyo. No big price move was made. That's some good shit if you ask me. The prediction was that we'd see a price surge again **if they delayed FTDs once more**. The fact that it didn't happen today - no Deep ITM CALLs or PUTs occurred today - is reason to believe **this is almost over.** If Net Capital theory is correct, there's two possibilities here: + +A) They raised enough capital to kick it to the next threshold on May 17. Remember, only 50% will be accounted for as of tomorrow. More time to try to hit the price down. + +B) They **went net negative** and it's over. They were unable to reset FTDs. Only a matter of time before things start unwinding. + +I also see some exciting stuff being posted today. Two caught my eye: + +**DD pointing to theoretical margin call price has been passed three days in a row.** + +**We also possibly saw 1m+ in volume evaporate in after hours. Interesting shit**. + +So once more - see you soon moon. + +# 1. Preface + +**I am not a financial advisor.** + +**Take it all in, and then** **question what you read. We want all perspectives here. Criticism of DD is what makes this subreddit so amazing - it helps us re-evaluate our theories.** + +I also love dates. I think they should be promoted more **as long as there is data behind it**. Picking arbitrary dates based on Tweets, yeah, I can see a problem with that. But it really feels like we can pinpoint this shit down. And if it's wrong - you know what - we come back and re-evaluate everything. It helps us grow, learn, and find new perspectives. You no longer look at data one way, you take a new approach. + +I have never done a TLDR but let's put it this way:💎🤲 =💣=💀🐻 + +TLDR in picture form: + +https://preview.redd.it/vjttbykab1x61.png?width=316&format=png&auto=webp&s=ce91afc315f2e1872aa8043a9eb941fee53669c5 + +Edit: a real TLDR: + +Deep ITM CALL + OTM PUT options expiry causes MMs (Shitadel) to have a debt due to them pushing FTDs out. The debt must be resolved quickly or they could become net negative, violating a Net Capital rule. If they violate the rule they essentially lose their MM privileges because they don't have enough capital for their positions in the event of a default. + +Day 0 = 0% of debt accounted for in calculations + +Day 7 = 25% of debt accounted for in calculations + +Day 14 = 50% of debt accounted for in calculations + +Day 21 = 75% of debt accounted for in calculations + +Day 28 = 100% of debt accounted for in calculations + +They appear to not want more than 50% of the debt accounted for and try to push FTDs out between day 0 and day 13 because once day 14 hits the 50% could bring them net negative. + +Day 13 coincides with the spikes I've been observing: + +Feb 5 -> Feb 24 + +Feb 19 -> Mar 10 + +And what might be coming: + +April 16 -> May 5 + +# 2. Recap + +[I posted the other day theorizing a link between certain option dates and a spike the second Wednesday following expiration.](https://www.reddit.com/r/Superstonk/comments/n2dkw2/scoobydoo_and_the_deep_itm_calls_of_april_16_is/) For example: + +February 5 Options Expiration -> February 24 + +February 19 Options Expiration -> March 10 + +April 16 Options Expiration -> **May 5** + +What happened on February 24? We spiked up. Significantly. + +What happened on March 10? We climbed up. Significantly, until a flash crash brought us down. And there's pretty good evidence that points to the flash crash being caused by nearly 80,000 PUTs from July 16, 2021 being exercised on March 10th. + +What happened on May 5? We'll find out. But I'm sure I'll get a bunch of shit spam comments if it all goes downhill lmao. + +# 3. Theory Hole + +I was claiming that the link was due to T+13 forcing of FTDs by the broker, but that isn't necessarily true. /u/keijikage identified that: + +>T+13 only counts if it is on the threshold securities list (10k shares FTD + > 0.5% of shares outstanding). HOWEVER...there may be some nonsense going on around net capital" + +We haven't seen GME on the threshold list since February 3rd. So the T+13 FTD delivery theory seems to be out the window. **However, the pattern still stands. And boy does this new information look spicy.** + +# 4. The Link Between Options and Spikes Still Exists + +There's no doubt in my mind that we're witnessing a pattern here, and that it will repeat. Each spike in price **has** to link to a date in the past - that's where I started going down this rabbit hole. I mean, shoving a few crayons up my nose like Homer Simpson might have also influenced me. + +https://preview.redd.it/kwr9wb8o30x61.png?width=507&format=png&auto=webp&s=57af9773746a233aeb9486f978437507e413034b + +In my last post, /u/beyond-mythos pointed out a wonderful source of information - another DD with crazy amounts of data for Deep ITM CALL purchases: [The SI Is Fake I Found 44,000,000 Shorts](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/) + +The DD poured through data finding that FTDs were hidden in very specific options with Deep ITM CALLs. What dates enticed the shorters so much? \*queue ominous music\* **dun** **dun** **DUN**... + +https://preview.redd.it/11gjaljq70x61.png?width=559&format=png&auto=webp&s=1f1d295244e648846d7afd9cac6c1b1fe32ce193 + +February 5, February 19, March 19, April 16, July 16, January 2022, and January 2023. I got absolutely **JACKED** when I saw that there was evidence pointing to the exact dates I wanted to link to the spikes: + +**February 5 and February 19**. + +Now you're probably asking, hey, I see March 19 on that list. Why didn't it spike on April 7?! Don't worry, because it's going to need a little bit more explaining in this post. I'll get there just bear with me. + +You also might be wondering, "Ok what the hell are you looking at these Deep ITM CALL purchases for?". It is because **we're theorizing that FTDs are being hidden through this malicious options practice.** And on the other end of the spectrum, it's theorized that the SI% is being hidden through PUTs which also expire on these major dates. Both old and new shorts and being stuck in PUTs. + +The DD also posted the following table, and I absolutely love [u/dejf2](https://www.reddit.com/user/dejf2/) for this glorious artwork. I'd pay at least 10 and a 1/2 Shmeckles for it. It shows the amount of deep ITM calls which were purchased not only for certain expiration dates, but when those purchases were made. + +https://preview.redd.it/i5xh3f2350x61.png?width=1933&format=png&auto=webp&s=8594466c3aa5675ebffdb39a8364e18c4f39d7f3 + +You can see that they went absolutely nuts purchasing these Deep ITM CALLs on the January runup (dark red highlight) because liquidity was AWFUL. Robinhood pulled the plug on buyers, and let the buy pressure dry up while the HFs and MMs swapped FTDs to later dates because there were so many shares that had to be delivered. **The retail buy pressure is the whale that is now splashing larger and larger FTD waves until the MOASS.** + +So thank you Robinhood, the floor was $1,000 back then but now there's going to be so much more money sucked out of the 1%. + +https://preview.redd.it/wmlo5r9yc1x61.png?width=594&format=png&auto=webp&s=8d786347ecdf326c3c940538547b93d76f7a72d0 + +I did a rough calculation of the cumulative amount of Deep ITM CALL purchases for these dates ONLY with the red-highlighted area: + +|Option Expiration Date|Cumulative Deep ITM Call Purchases (Red Area Only / January Runup)|Number of Shares Equivalent| +|:-|:-|:-| +|**Combined**|**287,000**|**28,700,000**| +|February 19, 2021|51,000|5,100,000| +|March 19, 2021|4,000|400,000| +|**April 16, 2021**|**143,000**|**14,300,000**| +|July 16, 2021|31,000|3,100,000| +|January 2022|58,000|5,800,000| + +Fucking... **WHAT?** In the January runup alone they had to purchase at least 287,000 Deep ITM CALLs to handle FTDs? That's equivalent to 28,700,000 shares. Hello float - or should I say more than the float - since it's now estimated that the float is around 23,000,000. Remember that this table is ONLY for the red highlighted area, so the total number upon option expiry is greater than the rough calculation table. + +Let's look at the dates and their significance: + +* February 19 had **51,000** purchases. Two Wednesdays later, March 10, we see $GME climb to a price of $350 before being smacked down. +* March 19 had **4,000** purchases. Two Wednesdays later, April 7, nothing. Hmm. Well, it certainly isn't a lot of CALLs in comparison but it should have done something - right? Even a tiny bump instead of the red day on April 7? Don't worry. I'm almost there. +* April 16 had **143,000** purchases. Two Wednesdays later, **May 5**, we'll find out! Take a notice the magnitude of deep CALLs that were purchased for this day compared to February 19 - big fucking oof if the price spike happens again. +* July 16 had **31,000** purchases, and January 2022 had **58,000** purchases. So obviously they wanted to spread out the FTDs among all the dates but for some godawful reason poured into April 16. If this does indeed pop again on May 5 but doesn't trigger the MOASS, we can expect it to pop following the next major Deep ITM CALL option expiration date. + +But this doesn't really explain why the spikes occur two Wednesdays following option expiry. + +# 5. Ok, If Not T+13 From FTDs Then What Is Causing The Movement? + +/u/keijikage pointed out a **tasty rule.** [Net Capital Requirements For Brokers or Dealers - 240.15c3-1](https://www.law.cornell.edu/cfr/text/17/240.15c3-1). + +In summary, 240.15c3-1 is a net capital rule which: + +>...is designed to ensure that a broker-dealer holds, at all times, more than one dollar of highly liquid assets for each dollar of liabilities (e.g., money owed to customers and counterparties), excluding liabilities that are subordinated to all other creditors by contractual agreement. The premise underlying the net capital rule is that if a broker-dealer fails, it should be in a position to meet all unsubordinated obligations to customers and counterparties and generate resources sufficient to wind down its operations in an orderly manner without the need of a formal proceeding... +> +>...**A broker-dealer must ensure that its actual net capital exceeds its required minimum net capital at all times.** \- [Source](https://www.mercatus.org/system/files/peirce_reframing_ch6.pdf) + +More ape-speak, this rule makes it so that if a Market Maker (Shitadel) wants to continue operating and not get ass-fisted by the SEC, they cannot carry a debt that makes their capital net negative. Otherwise, if they default, they're an idiot and have insufficient capital for the positions to pay out. How do you carry a debt? Let's say you are all nice and happy, shorting GME without a care in the world because you're a moron, operating net-netural, when suddenly a shitload of FTDs pour on you all at once. Oh shiiiit. I owe those shares and am carrying a debt! What do I do? Hmm I can either: + +1. Raise some capital **or** +2. Sweep those FTDs under the rug using some sneaky sneak tricks. I'll pay that shit later, hoping the price of the stock is much lower and thus my debt calculation doesn't bring me negative. + +What did we see every time a spike-up occurred? More **god damn Deep ITM CALLs being purchased. Because they're hitting the (2) button and kicking them further down the road**. + +You know how much time they have to solve this net capital issue? **Not long**. The following is from rule 240.15c3-1 I linked, towards the bottom. + +https://preview.redd.it/4dsve3w3d0x61.png?width=1166&format=png&auto=webp&s=b88384871b2de08e37b92826df32f5e5c1322707 + +This is my interpretation, please correct me if I am wrong. **Every 7 days that pass by, their debt is subtracted from their capital at an increase of 25% each tick. In other words, each 7 days your debt is 25% more accounted for:** + +Day 0 -> Net Capital = Capital - Debt\*0.00 = 0% of the debt accounted for in calculations + +Day 7 -> Net Capital = Capital - Debt\*0.25 = 25% of the debt accounted for in calculations + +Day 14 -> Net Capital = Capital - Debt\*0.50 = 50% of the debt accounted for in calculations + +Day 21 -> Net Capital = Capital - Debt\*0.75 = 75% of the debt accounted for in calculations + +Day 28 -> Net Capital = Capital - Debt\*1.00 = All debt accounted for in calculations. + +\------ + +>Example A (Good Situation): +> +>Imagine you have $100. Then suddenly you get a piece of paper saying "your debt is $90". +> +>Day 0 -> Net Capital = $100 - $90\*0.00 = $100 +> +>Day 7 -> Net Capital = $100 - $90\*0.25 = $100 - $22.5 = $77.5 +> +>Day 14 -> Net Capital = $100 - $90\*0.50 = $100 - $45 = $55.0 +> +>Day 21 -> Net Capital = $100 - $90\*0.75 = $100 - $67.5 = $32.5 +> +>Day 28 -> Net Capital = $100 - $90\*1.00 = $100 - $90 = $10.00 +> +>All good! You're still net positive. **This must have been what occurred for March 19 option expiry. The debt was insignificant! So much more time to spread out some Deep ITM CALL purchases. There was no way that they'd cross the net negative threshold from only 4,000 Deep ITM CALLs + PUTs.** + +\------ + +>Example B (Bad Situation, Shitadel): +> +>Imagine you have $100. Then suddenly you get a piece of paper saying "your debt is $250". +> +>Day 0 -> Net Capital = $100 - $250\*0.00 = $100 +> +>Day 7 -> Net Capital = $100 - $250\*0.25 = $100 - $62.5 = $37.5 +> +>Day 14 -> Net Capital = $100 - $250\*0.50 = $100 - $125 = -$25.00 +> +>Whoops! You're now net negative and you violated the rule and only when 50% was accounted for. Bye bye. + +\------ + +It's important to note that the debt is **based on current market price of the security. So if GME is trading $170 then the debt is based off of $170. If it drops to $150 the next day, then the debt is based off of $150. They want to kick this down the road until the price is really low. Probably in the $20s range. They're absolutely fucked.** + +So, Day 0 they'll see the debt but might not need to worry about it. If it's not a problem, such as Net Capital having no chance to go negative, then they're fine. Whatever. They won't violate the rule and they can go on being a happy Market Maker. But if it **is** a problem which would bring them negative and violate the threshold rule, then they'll start panicking. They want to resolve this **before** the threshold occurs which would make them net negative. + +The fact that 50% of the debt is subtracted at T+14 is very curious. **That implies they (Shitadel) can't risk the debt even being 50% accounted for**. So it must be an absolutely massive position. Let's walk through February 19 expiration as an example: + +1. February 19 options expire. Deep ITM CALLs and possibly married PUTs expire that were used to hide FTDs and shorts. **Day 0. Their Capital does not account for the FTD and short position yet.** Well... they can try to drive the price down and hope that the debt calculations don't carry them net negative. +2. Day 7 arrives on March 2. The FTDs and shorts are 25% accounted for. Maybe they'll start shifting some stuff out by purchasing new Deep ITM CALLs between March 2 and March 9 since the price doesn't seem to be going down as fast as they want. +3. Day 13 arrives on March 10. Oh **SHIT**. They can't let Day 14 arrive or else 50% of the debt will be accounted for and they'll be net negative and thus violate the rule. **So they start to move out a ton of FTDs to later dates by purchasing more Deep ITM CALLs.** (If you reference the purchase anomaly chart in my previous post, you'll see tons of Deep ITM CALLs are purchased on the spike dates and run-up dates) +4. Day 14 arrives on March 11. All is well in the world (for now) because their debt has been moved out. + +Edit: But...why exactly does the price move up? On Discord, "Assets" has a great possible explanation. Assets - you are the best. ❤️ + +>1. You are obligated 100 shares through FTDs. +>2. You buy an ITM Call and Sell an OTM put. +>3. You short 100 shares of the underlying saying that it's actually covered by your ITM Call. +>4. You exercise your call and you are credited 100 shares. +>5. You tell your broker that you wish to cover your shorts with 100 shares and you tell the clearing house that you wish to satisfy your FTD with the same 100 shares. +>6. Both parties take the same shares and both parties look to the market maker to satisfy those 100 shares because you said they were good for it when you exercised. + +>You've succesfully shorted and reset the FTD. + +Apply this to the other major option expiry dates and you get the same picture. They want to fix this issue by the second Wednesday following option expiry because the massive amount of Deep ITM CALLs caused their debt to be too significant to carry the full 28 days. It brings them net negative by day 14. At least... that's the theory now. ;) + +Let's finally apply this logic to our wonderful, beautiful, April 16th date which is the option expiration date of when a dumpster load of Deep ITM CALLs have been purchased: + +1. April 16 options expire. Day 0 +2. Day 7 arrives on April 27. +3. Day 13 arrives on May 5. They (in theory) don't want it to hit day 14 when their net capital would be negative due to accounting for 50% of the debt. **Whatcha gonna do this time, Shitadel?** + +\------ + +* Perhaps this is what /u/Suspicious-Singer243 was observing in [The March To Zero Liquidity](https://www.reddit.com/r/Superstonk/comments/n3ehw0/the_march_to_zero_liquidity_volume_or_bust/). The Market Makers are about to have a net capital bomb go off. They NEED to eliminate their debt by wiping out their FTDs that have appeared once again in order to become net neutral. They were able to swipe the FTDs under the rug on January 13, the January run-up, March run-up, and a few times here and there since then. But if 005 is enacted before the next pop then **they have to deal with this massive 143,000 order from April 16 without delaying it any longer. RUH-ROH RAGGY.** +* Of course while I'm writing this, I see that May the Fourth could indeed end up being the Golden Ticket day per /u/Door_Public. It's very likely that 002/801 go into effect tomorrow. **I've been thinking we'll see 002/801 as well as 005 enacted and within 24 hours a price spike would occur. If I see these rules go into effect tomorrow, I will NOT be able to sleep.** [May the 4th Be With You](https://www.reddit.com/r/Superstonk/comments/n49zl5/srnscc2021801_confirmation_may_the_4th_be_with_you/) +* [Bank netting accounts coming into effect by May 5](https://www.reddit.com/r/Superstonk/comments/mur8bz/srdtc2021004_the_dtcc_and_jp_morgan_theyre/) +* [US Treasury Issuing 0% Bonds on May 4 and Maturing June 1](https://www.reddit.com/r/Superstonk/comments/n1hus8/the_poster_discrediting_the_0_40_billion_dollar_4/) + +\------ + +See you on the moon. If not this week - sometime soon. ❤️ +# Their CEO made a speech in the bitcoin festival, along with bitboy Michael Saylor! + +Stay informed with the latest news regarding their community by joining their telegram group + +[https://t.me/afrostarcommunity](https://t.me/afrostarcommunity) + +**💲Where to buy from? 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The Afrostar ecosystem will provide a range of powerful real world use cases for the Afrostar token. + +**👉 Multiple steps taken to protect investors:** + +🌟LP Locked – The liquidity pool is locked which means it can’t be rug pulled, thereby protecting investors + +🌟Toxic whale tax – This progressive smart tax helps protect against sudden price drops and aims to reduce price volatility + +🌟Buy back fund – This is used to support the token price as and when needed. It will also boost investor confidence + +🌟Auto LP Generated – The auto LP help create a price floor for the token and also helps make the price more stable + +🌟Bot killer smart code – Their bot killer code helps protect against trading bots that try to manipulate the crypto price + +🌟Multi signature wallet – To provide extra security, a minimum of 3 signatures are required to unlock the Business Angels wallet + +**👉 What is going to be their core utility? I present to you the copy trading Afrostar app!** + +The founders are using their 20 years’ experience in the investment industry to develop a powerful, user friendly one stop crypto trading app. People will be able to buy and sell crypto and also have the choice to auto copy the trades of other people. A range of simple but powerful filters and statistics will give users the ability to select traders that match their criteria. + +The developers plan on launching the app on 2022. + +**👉 Why should you invest in Afrostar? There are some key project facts!** + +✅World class team running the project + +✅Currently $500,000+ are spent on marketing + +✅Extensive marketing both online crypto and mass media + +✅500,000 + existing clients of Afrostar team members as potential Afrostar investors + +✅Massive worldwide PR booked and paid for + +✅Highly experienced tech team who have done successful crypto launches before + +✅Huge offline marketing campaigns already booked (billboards, newspapers, buses, underground, radio) + +**📈Contract BSC:** + +0x2f4e9c97aaffd67d98a640062d90e355b4a1c539 + +**💎Tokenomics:** + +💲Total supply: 1,000,000,000,000,000 + +**📌** 10% taxes: + +2% Buy back fund + +6% Marketing & Development + +2% Holders rewards + +**♻️Token distribution:** + +📍Airdrop: 8% + +📍Liquidity pool: 20% + +📍Private Sale: 10% + +📍Ecosystem/Dev: 7% + +📍Partnerships: 4% + +📍Burn: 5% + +📍Advisors: 3% + +📍Business Angels Project 3% + +📍Presale: 40% + +**🔗 Join the community and feel the great vibe!** + +Afrostar token’s team has given you a wide variety of social platforms that you can engage with and communicate with other people in the project. Right there you can contact the team and ask them anything you feel like it! I have done it myself and they are flawless in their response. + +**🌐 Website**: [https://www.afrostar.io](https://www.afrostar.io/) + +**📱 Telegram**: [https://t.me/afrostarcommunity](https://t.me/afrostarcommunity) + +[**🎮**](https://old.reddit.com/r/CryptoMoonShots/comments/pyw3w0/welcome_to_the_minififatoken_doxxed_dev_90_burn/)**Discord**: [https://discord.com/invite/qrj6AWacH4](https://discord.com/invite/qrj6AWacH4) + +**📃Youtube:** [https://www.youtube.com/channel/UCas9v53n5QXt1ZdTPKHo3Gg](https://www.youtube.com/channel/UCas9v53n5QXt1ZdTPKHo3Gg) + +**🕊 Twitter**: [https://twitter.com/afrostarcrypto](https://twitter.com/afrostarcrypto) + +**🪐Reddit**: [https://www.reddit.com/user/afrostarcrypto](https://www.reddit.com/user/afrostarcrypto) + +**📱 Facebook**: [https://www.facebook.com/afrostarcrypto](https://www.facebook.com/afrostarcrypto) + +**🌐 Instagram**: [https://www.instagram.com/afrostarcrypto/](https://www.instagram.com/afrostarcrypto/) +My rent is $700 and I make about $1800 a month after taxes. After all my bills are paid I still have some money for recreation and money to save. I live in Upstate New York and I know most people here are definitely not making 3X what they pay for rent. +Judge grants Twitter fast-track trial to decide fate of Musk deal - https://on.ft.com/3PnVmcE via @FT + + >Twitter won an early victory in its legal battle to force Elon Musk to complete his $44bn takeover of the company, after a judge sided with the social media company and set a timetable for a fast-track trial starting in October. + There is always plenty of posts from those looking to get on property ladder but wondering what the consensus is among home owners. I don’t really see how house prices going up universally (major cities/regional) is good for anyone. It's not like you can sell the house and buy one cheaper elsewhere and keep the leftovers - you sell and buy in the same expensive market. + +I purchased a shit hole of a house right at the start of Covid and at the time thought I had the worst timing possible with all the doom and gloom articles. However, as we know now, house prices have soared and apparently my house in 12 months is now valued 20% higher (or so the REA's tell me). + +I should be ecstatic about the higher value but I am not. The problem is I bought this house well within my means and planned to renovate and sell it on in 5 years to then upgrade to a larger family/forever home. However, these larger houses have also gone up 20%. For example a $1.3 million house is now worth $1.56 million, a $260k jump which is more than my deposit for my first home. The higher the price, the higher the jump in actual cash has gone up. + +So every time I see house prices go up, I don't pop a bottle of champagne, I just see my dream of owning a decent family home slipping away. Jumping in at the bottom of the property ladder doesn't automatically mean you can climb to the next rung - especially if the rungs get further and further apart. Does anyone else feel the same? Or am I just being overly entitled? +Hi, I’m MrBeast and I’m bored, so I’m going to invest $100,000 into whatever you guys decide on Robinhood. If you don’t believe me check the proof. In 7 days I will look at what the top reply is and invest in it. + +Edit, I want a super risky investment. Give me something so crazy that I have like a 2% chance of it working but if it does I make millions. Let’s have some fun nerds + +Edit Edit, if the top reply that I invest in makes me money, I’ll give 20% of the profits to the redditor that recommended it. + +[proof](https://twitter.com/mrbeastyt/status/1283410776993169408?s=21) +First, BEWARE of any other uses posting with links for compensation for LUNA. They are ALL scams and it’s so unfortunate that there are human beings out there who have no sense of morals. NEVER CONNECT YOUR WALLET TO A LINK FROM SOMEONE YOU DONT KNOW. + +For those who lost money in LUNA…understand, this was not a scam. LUNA was an experimental crypto in decentralized finance. The concept was vetted by many and carried risk. Those risks were publicized by many if you spent any time doing research. There were many however who believed in the project and the basis of the concept. This a a very unfortunate event. And my heart goes out to anyone who lost money in LUNA (which includes myself). However, this happens. This happens in the stock market (think 2008 / Lehman Brothers ENRON, etc.), and this happens in crypto. ALL investments carry risk. And some more than others. The more risk you take on the more reward. And the more risk. That’s how the system has always been set up. In any market. Note that there were extremely wealthy investors including the CEO of Galaxy Digital, Mike N., who lost billions in LUNA. + +Mike is a very saavy, ex Goldman Sacks exec who founded Galaxy Digital. He went so far as to get a tattoo of LUNA recently. My heart goes out to Mike and I hope he regains himself after this and is successful in the many other projects he still has investments in. Just because he still is wealthy doesn’t take away from my compassion for him. I feel for anyone who lost any amount of money. + +For anyone who is distraught. Please please please don’t let yourself be taken further advantage of, whether through scams like this poster above asking for your wallets to “compensate you”, or by taking on further risks to make up for it. Regain, rebuild, reinvigorate yourself. Life moves on. And so will you. It might be hard. Very hard. Extremely hard. But I can promise you one thing. This will pass with time. + +I wish everyone here all the best. And I sincerely hope everyone is successful and regains what they lost. This was an unfortunate event, but again, it happens. No one is at fault. This was an experimental project that went south. That’s all. + +So let’s all take a deep breath. Try to regain our composures. And let’s learn from this. Because every mistake is also a lesson. So let’s learn from this in anyway we can. For some it will mean to assess risk differently. For others it will mean to not risk or invest more than you can afford to lose. For others it will be to not hold onto assets for longer ithan you should. And yet for others, it will mean learning to get up in the morning again and realizing life is NOT over. It’s just another day, another lesson learnt. + +Love & peace to all, -A fellow LUNA investor +We've seen a lot of discussion lately about the impact on employment from an increased minimum wage, but are there any other potential negative effects? Are there winners and losers, or is it just beneficial all around? +I'm pretty comfortably FI, but not fat. I don't know where else to ask this question without sounding like a huge prick since I'm in an incredibly privileged situation. I'm Canadian, but I'm going to use USD in the numbers below since most people here seem to be American. + +I have $1.7M in investments, no debt, and don't own a home. My expenses are $40k/yr (2.3% of investments). I don't try to keep my expenses low. I just don't know what else I'd spend money on. My top hobbies, in order of time spent, are reading, climbing, dance, board games, and programming. These just aren't expensive hobbies. If I quit my job, programming would probably move up to #2 behind reading, but I can't think of a hobby I'd add that would cost more than any of my current hobbies. I've tried numerous other hobbies and the ones I enjoy tend to be ones that involve athleticism or analysis and these are generally not expensive hobbies. + +I work remote for a U.S. tech company and I'm not planning on retiring in the near future since my job is fun, low stress, and allows me near total flexibility in when and where I work. I literally don't know what use I have for the money other than giving it away to charity. + +I'm replacing my 20 year old car this year for safety reasons. Even if I go with [the luxury car mentioned here](https://www.reddit.com/r/fatFIRE/comments/idf4zv/best_discrete_luxury_car/), I could get a used 2017 model coming off lease for $35k. Volvo comes out with a new platform every 7 years or so and I don't see much value in upgrading to another vehicle on the same platform, so the amortized annual expense of getting a luxury car instead of driving an old beater around is still only $5k/yr. Ignoring investment income, every year I work, I can save another $300k. If I keep saving at this rate and my investments return 0, I'll have $5M in savings after a little more than a decade. Buying a nice car or two won't put a dent in my savings. + +I don't want to buy a home since I might want to move in the next few years, but I could buy a clone of the condo I'm renting for $500k. I'd still be comfortably FI since I'd then have $1.2M in investments with about $20k in annual expenses. A detached house would take a real bite out of my investments but would still be affordable. + +I saw a comment on this sub about how kids cost $100k/yr. They can, but I grew up poor and I know that kids can also cost $5k/yr. I don't plan on raising kids as if I'm impoverished, but I don't see kids as a major expense relative to my current savings let alone relative to what I'll have if I work a few more years.As someone who doesn't enjoy travel and doesn't want to own multiple homes, what can I do with more money that I'd get value out of? +**2013-2015** +BTC: $1,127 --> $200 (-82%) +**2017-2018** +BTC: $19,423 --> $3,217 (-83%) +ETH: $1,448 --> $85 (-94%) + +**Current cycle:** +BTC: $67,167 --> $23,000 (-65%) +ETH: $4,815 --> $1,200 (-75%) + + +It might dip below or this might be the bottom but one thing is sure this is an lifetime opportunity to buy here if you are in for long terms. +👶👶👶 MEGABaby in short: PLAY TO EARN ecosystem powered by MEGAtoken / LOW MARKET CAP GEM/ DOXXED, SOLID AND DELIVERING TEAM/ REVOLUTIONARY UTILITY AND TOKENOMICS/ MASS ADOPTION IN THE NEAREST FUTURE/ JOIN DAILY VIDEO CHAT IN TG AND LEARN FOR YOURSELF + +Don't miss out if you like earning money! + +First-generation of INTERACTIVE NFTS sold out under 24H. Marketplace opens up in the next 2-3 days. Low market cap coin ecosystem, don't miss out on this gem! + +Telegram: @ MegaBabyINFT + +Website: [https://www.MegaBabyINFT.com](https://www.MegaBabyINFT.com) + +BSCscan: [https://bscscan.com/token/0x079f0f5f3ad15e01a5cd919564a8f52dde03431b](https://bscscan.com/token/0x079f0f5f3ad15e01a5cd919564a8f52dde03431b) + +✅ ✅ ✅ + +DETAILS: + +This token is not only gonna make waves - it will take the crypto world by storm, forming big quakes under the so-called current foundation. + +&#x200B; + +In 2012 when the first NFTs came out as simple coloured coins who would’ve thought that in 2021 we would have Interactive NFTs? And yes, you read that correctly INTERACTIVE NFTs. + +&#x200B; + +The Lead Developer created the next revolution in DEFI with the first FULLY Interactive NFT E-Humans. Totally mind-blowing! Owners will have the ability to modify and upgrade them by using MegaToken. Each evolution stage will have a percentage chance to make YOUR MegaBaby rarer and rarer creating one-of-a-kind collectible - sellable or trade-able on our own Interactive Marketplace. The ability to frequently care for, accessorize and upgrade your little E-Human is what makes this token the purchase of the year. Just imagine this - while having fun caring for it - you can watch your MegaBaby grow alongside your investment - now that’s what I call ABSOLUTELY PRICELESS! I’m pretty sure many of us 80s and 90s babies remember Tamagotchi and how revolutionary that was, there is every reason to believe that MegaBaby will be the next huge hyper trend. + +&#x200B; + +You might think...well that’s great, that’s amazing what else could there be to completely blow us out of our seats? + +The genius Lead Developer is not limiting this to the INFTs, the INFT Marketplace, and MegaFan Merch Store. Although they are all currently available NOW, he's also creating a fully functional ecosystem with features that include a MegaWallet, a Staking Platform, and other inflationary, passive income generating methods. To knock it out of the park there will be a deployment of a mainnet for the central platform - all to be steadily rolled out in the next few months. + +Now I can imagine you jumping up and down thinking how do I purchase this groundbreaking token and receive my Megababy INFT? Well, you can purchase it by simply having MegaTokens in your wallet. + +In today's space, we see 100s of meme tokens being released daily and more often than not they are either scams or have a maximum 1-day lifespan. MegaBaby is here to stay and aims to be the next absolutely game-changing revolution in Crypto. + +Through YouTube videos, his mission has been to clean up the space and educate fellow investors on how to recognize potential scams. After getting heavily involved in the BSC space, Lead Developer Jonathan Harrocks, AKA CryptoBatmanBSC found it to be full of scammers, bad actors, and pump and dumps. With the culmination of a career in blockchain development, he has been working endlessly to present his masterpiece — the true work created by a recognized sheer genius. + +&#x200B; + +Telegram: @ MegaBabyINFT + +Twitter: @ MegaBabyINFT + +Facebook: [https://www.facebook.com/MegaBabyINFT-105196465228874](https://www.facebook.com/MegaBabyINFT-105196465228874) + +&#x200B; + +💰 MegaTokenomics 💰 + +&#x200B; + +🔋 4% Liquidity + +&#x200B; + +💵 3% Reflections + +&#x200B; + +📢 3% Marketing / Development + +💻 2% Staking contracts + +💰 MegaBaby INFT Tokenomics 💰 + +&#x200B; + +🔋 5% to Holders + +🔥 45% Burned + +💻 50% Marketing / Development + +&#x200B; + +🚫 Buy/Sell Tax is 12% + +&#x200B; + +👉 Fully doxxed on Telegram video chat + +⚡️ Roadmap⚡️ + +👉 First Interactive NFT (INFT) - Completed + +👉 Next Generation DEFI with the first fully interactive E-Pets +It doesn’t seem like a good idea to me? The Fed acts as a central bank and a backstop to the banking system right? It just seems that only chaos would result if it was eliminated. + +Is my understanding off? Is there something here that I am missing? +Based on the recommended reading over at the [wiki](https://www.indiainvestments.wiki/misc/recommended-reading) I read this book. Must say very easy read and I learned a lot. Lots of informal knowledge was reaffirmed. Lots of tiny but important principles are easily forgotten under mountains of domain knowledge, this book helped me focus on them. + +Some important things that really stuck with me -- + +1. There's no substitute for hard work +2. "Better a little caution than a great regret." +3. Everyone gives advice, be wise in taking advice + +Attached below are the notes I made while reading the book. I don't think reading these is an alternative to reading the book because these are too dense. Each of the following points is extremely important and by the time you read more than 5, you'd have forgotten the start. These are useful for those who've read the book and just need a nudge to recollect it in their mind. Enjoy! + +&#x200B; + + The Richest Man in Babylon +======================= +\- "Pay yourself first" -- Save atleast 1/10 of your earnings. Remove a part of your earnings as savings before doing any expenditure. +\- "He who takes advice about his savings from one who is inexperienced in such matters, shall pay with his savings for proving the falsity of their opinions" -- Take advice from persons with first hand experience in the field. +\- "You do eat the children of your savings. Then how do you expect them to work for you?" -- Put saved money at work towards earning more money, and use that money to earn more, and so on. + + +Summary - "You first learned to live upon less than you could earn. Next you learned to seek advice from those who were competent through their own experiences to give it. And, lastly, you have learned to make gold work for you. You have taught yourself how to acquire money, how to keep it, and how to use it." + + +Seven Cures for a Lean Purse +======================== +1. Spend nine for every ten coins you put in your purse -- Save a portion of your earnings. Nine spent will buy you temporary gratification, but the one saved will buy you assets +2. Limit your necessary expenses -- Expenses grow easily unless limited consciously. Make a budget to distinguish between necessary expenses, cherished desires and extraneous expenditure. Eliminate this last category. Many desires will be curtailed because of savings and strict budget. Add them to the infinite list of unachievable desires and don't regret them. The savings done are working towards achieving these. "Just as weeds grow in a field wherever the farmer leaves space for their roots, even so freely do desires grow in men whenever there is a possibility of their being gratified." +3. Put savings to work earning more money and so on for the money earned -- Have a source of income that works even when you don't. Interest on savings is one example. Make good use of the awesome power of compound interest by reinvesting earned money. +4. Guard your money of loss -- Invest where the principal is safe, and a fair interest expected reliably. Understand the risks associated with each investment. Do not be wooed by the potential of high returns into risky investments where the principal is easily lost. Risk is probable loss. Be wary of those who give advice without first hand experience. +5. Own your own residence -- In rented accommodation, regular payments are made to the landlord. Buying your own home you'll make the same payments to the loan giver. Each payment will reduce your debt and in the end you'll get to keep the house too. Of the nine parts of our earnings we spend, if any can be used to make a profitable investment then well and good. The amount that would otherwise be spent on rent is now being spent towards owning a house. +6. Insure against old age and death -- Buy a term life insurance so that your family is financially secure even without you. Plan your investments to have sufficient money after retirement. +7. Work towards improving your own skills in all aspects of life -- Work to be the best in your profession. Desires (goals) should be simple, definite and within your current training to accomplish. Achieving these desires will give you the skills and confidence to achieve bigger desires. + + +Meet the Goddess of Good Luck +=========================== +"Those eager to grasp opportunities for their betterment, do attract the interest of the good goddess." -- Don't procrastinate. Don't delay actions unnecessarily. Understand and internalize the fact that procrastination is the cause behind missed opportunities. + + +The Five Laws of Gold +================== +1. Save atleast 1/10 of your earnings +2. Put your gold to work earning more gold and watch it multiply +3. Be cautious in your investments and follow the advice of people who are experienced in handling money. Do this and your money will remain with you. +4. Don't invest in places you're not familiar with, or those which are not recommended by wise people. Otherwise you'll see your investment deteriorate and vanish. +5. Don't be lured into unwise investments by unrealistic returns. Extremely high returns seem beautiful, but you'll most likely end up losing even the principal invested. + + +The Gold Lender of Babylon +======================= +\- "If you wish to help a friend, do it in a way that does not transfer their burden to you." -- Author makes this point through a story about ox and mule. The mule suggests a method such that the ox doesn't have to pull the plough. But the farmer then has the mule pull it. Thus the mule becomes bitter and the friendship between the ox and the mule is broken. +\- Keep your gold safe -- First priority of every investor should be to keep their money safe. It should not be put in investments so risky that even the principal stands to be lost. +\- Make your gold earn more gold -- To earn more from your money should be the second priority. Find wise investment avenues. Stay away from investments that claim unnatural returns. +\- "Better a little caution than a great regret." + + +The Walls of Babylon +================== +\- Utilise insurance, savings accounts and dependable investments to stay safe from tragedies. Just as the Babylonians built their walls to stay safe from conquerors. +\- "We cannot afford to be without adequate protection." + + +The Camel Trader of Babylon +======================== +\- If there's determination, a way can be found -- Don't whine about problems. Solve them. Know this, you have it in you to achieve whatever you set your mind to. +\- Pay all your debts. Debts are enemies to be dealt with, lenders are friends who trusted you. + + +The Clay Tablets from Babylon +========================= +\- A professor reads the story from the previous chapter and applies it to pay his own debts. +\- 1/10 of the income is saved, 7/10 is spent, 2/10 is distributed to creditors on a pro-rata basis. +\- Expenses needed serious recalibration. +\- All creditors needed convincing to get onboard with the new payment plan. + + +The Luckiest Man in Babylon +======================== +\- Work hard. Don't do things half-heartedly. +\- Make hard work your best friend. Instead of despising work, enjoy it. Work, done with good effort, always feels satisfying. +I am a current undergraduate student studying mathematics and economics with a minor in statistics. I intend on pursuing a Master's in economics probably 2 years after graduation (so that I have enough time to save for tuition) with the eventual goal of working in monetary economics, either for the private sector or government (Fed). I spoke with a professor at my university who works on PhD candidate admissions for the university's graduate program, and we told me several things that I wanted to get verified by anyone who has been through this path: + +1. With my current GPA (3.4 cumulative, but slightly lower in math classes at a top 20 university in the U.S.), it is nearly impossible to be admitted to any credible Master's program, both in the U.S. and Europe. +2. A Master's in economics is only worth the money at an Ivy League (or similar-caliber) or British university (LSE, Cambridge, etc.). According to him, Master's programs in the U.S. are mostly in it for the money and less the reputation. +3. If I cannot get into such credible institutions for Master's, it is better to pursue a PhD at any school in the U.S, since PhD programs are much more reputable than Masters'. I am apprehensive about taking this route since I am not willing to commit 5-7 years of further schooling and do not want to go into academia. + +I am willing to accept that I do not have the numbers to get into an Ivy League or UK program, but I do not want my only other options to be a worthless Master's or investing several more years in a PhD that I don't feel vested enough for. I realize that working in monetary economics (and at the Fed in any capacity) kind of requires a postgraduate degree after a certain point. As far as the rest of my CV goes, I have significant research experience which I intend to continue after graduation and will have strong programming skills by the time I graduate with my Bachelor's. For anyone who has taken a similar interest, have you found these things to be true? +[https://www.cnbc.com/2022/06/10/consumer-price-index-may-2022.html](https://www.cnbc.com/2022/06/10/consumer-price-index-may-2022.html) + + + +Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since December 1981, the Bureau of Labor Statistics reported Friday. + +The consumer price index, a wide-ranging measure of goods and services prices, increased even more than the 8.3% Dow Jones estimate. Excluding volatile food and energy prices, so-called core CPI was up 6%, slightly higher than the 5.9% estimate. + +On a monthly basis, headline CPI was up 1% while core rose 0.6%, compared to respective estimates of 0.7% and 0.5%. + +Surging shelter, gasoline and food prices all contributed to the increase. + +Energy prices broadly rose 3.9% from a month ago, bringing the annual gain to 34.6%. Within the category, fuel oil posted a 16.9% monthly gain, pushing the 12-month surge to 106.7%. + +Shelter costs, which account for about a one-third weighting on the CPI, rose 0.6% for the month, the fastest one-month gain since March 2004. The 5.5% 12-month gain is the most since February 1991. + +Finally, food costs climbed another 1.2% in May, bringing the year-over-year gain to 10.1%. + +Those escalating prices meant workers took another pay cut during the month. Real wages when accounting for inflation fell 0.6% in April, even though average hourly earnings rose 0.3%. On a 12-month basis, real average hourly earnings were down 3%. + +Markets reacted negatively to the report, with stock futures indicating a sharply lower open on Wall Street and government bond yields rising. + +Some of the biggest increases came in airfares (up 12.6% on the month), used cars and trucks (1.8%), and dairy products (2.9%). + +Friday’s numbers dented hopes that inflation may have peaked and adds to fears that the U.S. economy is nearing a recession. + +The inflation report comes with the Federal Reserve in the early stages of a rate-hiking campaign to slow growth and bring down prices. May’s report likely solidifies the likelihood of multiple 50 basis point interest rate increases ahead. + +“Obviously, nothing is good in this report,” said Julian Bridgen, president of MI2 Partners, a global macroeconomic research firm. “There is nothing in there that’s going to give the Fed any cheer. ... I struggle to see how the Fed can back off.” + +With 75 basis points of interest rate rises already under its belt, markets widely expect the Fed to continue tightening policy through the year and possibly into 2023. The central bank’s benchmark short-term borrowing rate is currently anchored around 0.75% -1% and is expected to rise to 2.75%-3% by the end of the year, according to CME Group estimates. + +Inflation has been a political headache for the White House and President [Joe Biden](https://www.cnbc.com/joe-biden/). + +Administration officials pin most of the blame for the surge on supply chain issues related to [the Covid pandemic](https://www.cnbc.com/coronavirus/), imbalances created by outsized demand for goods over services, and [the Russian attack on Ukraine](https://www.cnbc.com/2022/06/10/russia-ukraine-live-updates.html). + +In a recent Wall Street Journal op-ed, Biden said he will push for further improvements to supply chains and continue efforts to bring down the budget deficit. + +However, he and Treasury Secretary Janet Yellen both have emphasized that much of the responsibility for lowering inflation belongs to the Fed. The administration has largely denied that the trillions of dollars directed toward Covid aid played a major role. + +How much the central bank will have to raise rates remains to be seen. Former Treasury Secretary Larry Summers recently released a white paper with a team of other economists that suggests the Fed will need to go further than many are anticipating. The paper asserts that the current inflation predicament is closer to the 1980s situation than it appears because of differences in the ways that CPI is computed then and now. +My understanding is that capitalism and the free market became the prominent societal model in the 18th/19th century during the industrial revolution, but it was not until the post-WWII era and the rise of the middle class, plastic and mass manufacturing that consumer society soared and eventually led to the destruction of the environment. + +Can free market capitalism exist without mass consumerism? + +One can argue that capitalism inexorably leads to mass production since change is motivated by increasing profits for shareholders, but is there a way to go back to standardized milk glass bottles delivered to your door and reused ad eternum instead of infinite choice enabled by single-use packaging? +Hello beautiful apeys! + +I saw BCG attacking the stonk I love so much and decided to use my weaponized autism to look into BCG and see what their real motive is. + +**TL;DR: I believe this lawsuit would have happened regardless if RC took over as Chairman or not. It is my theory that the sleeper agents on GameStop's board were purposefully mismanaging the company into the ground to help SHF drive the price down as part of their plan to Cellar Box it. I believe it was a coordinated attack from all sides.** + +**Company was being mismanaged by sleeper agents + naked shorts and then hire BCG to do a "turn around" and purposefully not do anything they said and pay them late, make the company look completely incompetent and then this eventual lawsuit would happen as a nail in the coffin for Retail sentiment.** + +**In an alternate universe where RC didn't take over and Reddit didn't figure out the criminal predatory naked shorts from hedge funds, if you heard about this lawsuit you'd likely panic sell and buy puts which would lead to GME's bankruptcy.** + +**Now that RC took over and changed the game, and fired all the sleeper agents, he likely has proof of bad actors sabotaging the company to defend against the lawsuit.** + +\------------- + +So I first started looking into any connections Citadel has with BCG and found some people who are tied to both places. + +Anuj Arora Vice President, Office of the CEO at Citadel Securities (Kenny) AND former Project Leader at BCG + +https://preview.redd.it/lnd4ugz9bdp81.png?width=843&format=png&auto=webp&s=1c78551b02707c8b9265fa56e213b598ad0b64e9 + +&#x200B; + +Carsten von der Linden, Chief People Officer and Managing Director at Citadel AND former Principal at BCG + +https://preview.redd.it/o9apaxhabdp81.png?width=830&format=png&auto=webp&s=3769cd324339cd4880a7a287034bb6df29b76f74 +