diff --git "a/reddit_finance_43_250k_284.txt" "b/reddit_finance_43_250k_284.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_284.txt" @@ -0,0 +1,10000 @@ +A lot of people think NFTs are bad for the environment, VERY FEW people know about Layer 2 technology and how that is gas-free and carbon neutral. + +We have the same goal, we’re fighting the same battle, may as well do it together! + +We have also agreed to leave Star Wars alone (obviously), Scotland, Portugal, and blue corner. + +The other thing updated to stop wasting our time and pixels, was remove [NFT.Gamestop.com](https://nft.gamestop.com/) and instead make our **Gamestop** logo bigger. We fought the good Gamestop.cum fight😅 but pixels were just being wasted on that all day long. + +We made more space in between BUY HOLD DRS. + +We added a pirate flag🏴‍☠️We added RC. + +ETH team added rainbow and design connecting Loopring and IMX logos. + +&#x200B; + +**UPDATE on alliances** \- We have more allies, if you see them getting rekt please help them, and they'll do the same - welcome EPITA! Shoutout to Loopring and IMX, our allies from the start. + +update to Friendly: Spain, Hungary, placeNL, Star Wars, Chelsea, Omori Lattice, LoveLive, Turtles, FuckCars, PlaceDE (shoutout to u/aaaasgard u/ChrisDaDerp u/Siegli for helping us make alliances and friends, I'm sure there's way more and thank you too!) + +we have a rogue green dildo team out there and we have worked with various groups to integrate the dildo once it's there. Check it out, it's really amazing (Spain has a very nice bulge now)... on that note DO NOT EXTEND THE GREEN DILDO BEYOND THE MOON! We have an agreement with the Dutch for the line to end at the moon, because 🚀🚀🚀 + +[GO HERE](https://discord.com/invite/hgJmtEeJ) \-- JOIN THE DISCORD TO COORDINATE BETTER!! +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, these are truly exciting times, and I couldn't think of anyplace I'd rather be than here among all of you wonderful individual investors. Each day feels a full step or two closer to the MOASS, but the steps seem to be getting larger and larger and we keep accelerating. Yesterday, I posted an additional thread covering the German market action of Bed Bath and Beyond, as several apes had messaged me with interest about that ticker due to the letter from RC Ventures to the BBBY Board of Directors. While that letter had been unconfirmed at the time, I appreciate the cautious approach that many people in trusting it, though it was demonstrated to be accurate as we saw the sheer extent of RC's recent investments preceding that letter. Of course, it clearly had an impact starting on the German exchanges, and reverberating through the US markets as the entire float of BBBY changed hands in a single day. + +Meanwhile, the Jon Stewart and u/dlauer threads from yesterday were a delight to follow along, with quite a few very well-thought questions and just as many thoughtful answers. I believe our movement was well-represented in the threads, and there is now another great resource that new Apes can refer to for clear answers to direct questions. + +Finally, the SHFs are clearly terrified of what is happening in the markets these days, pushing *hard* against GME to put it back below $100/share. Honestly, I was starting to believe that we had seen the last of double-digit prices for GME, but I'll never turn down a good dip. We are but 10 days to March 17th, when we'll once again get a glimpse at the number of shares that have been DRSed by Apes. I cannot wait to see what today brings, and I'm glad to be able to get a peek for the next few hours with all of you. + +Today is Tuesday, March 8th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$100.27 / 92,03 €** *(volume: 2637)* +- 🟩 115 minutes in: $100.29 / 92,06 € *(volume: 2608)* +- 🟩 110 minutes in: $100.10 / 91,88 € *(volume: 2603)* +- 🟥 105 minutes in: $100.04 / 91,82 € *(volume: 2597)* +- 🟩 100 minutes in: $100.24 / 92,01 € *(volume: 2557)* +- 🟩 95 minutes in: $99.81 / 91,62 € *(volume: 2492)* +- 🟩 90 minutes in: $98.81 / 90,69 € *(volume: 1979)* +- 🟥 85 minutes in: $98.78 / 90,66 € *(volume: 1938)* +- 🟥 80 minutes in: $99.31 / 91,15 € *(volume: 1782)* +- 🟥 75 minutes in: $99.32 / 91,16 € *(volume: 1772)* +- 🟩 70 minutes in: $99.32 / 91,16 € *(volume: 1767)* +- 🟥 65 minutes in: $99.14 / 91,00 € *(volume: 1116)* +- 🟥 60 minutes in: $99.32 / 91,16 € *(volume: 998)* +- ⬜ 55 minutes in: $99.36 / 91,20 € *(volume: 958)* +- ⬜ 50 minutes in: $99.36 / 91,20 € *(volume: 804)* +- 🟩 45 minutes in: $99.36 / 91,20 € *(volume: 801)* +- 🟩 40 minutes in: $99.32 / 91,16 € *(volume: 659)* +- 🟥 35 minutes in: $99.32 / 91,16 € *(volume: 632)* +- 🟩 30 minutes in: $99.36 / 91,19 € *(volume: 608)* +- 🟩 25 minutes in: $99.31 / 91,16 € *(volume: 597)* +- 🟩 20 minutes in: $99.26 / 91,11 € *(volume: 582)* +- 🟥 15 minutes in: $99.03 / 90,89 € *(volume: 556)* +- 🟩 10 minutes in: $99.40 / 91,23 € *(volume: 451)* +- 🟥 5 minutes in: $99.37 / 91,20 € *(volume: 443)* +- 🟩 0 minutes in: $99.53 / 91,35 € *(volume: 285)* +- 🟥 US close price: $99.35 / 91,19 € *($99.50 / 91,33 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0895. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +This one is for all the business owners out there. Whether you have a small blog / e-commerce store or a fully fledged manufacturing or finance business, what's your story? + +Many people on this sub are younger college students (like me) or people at the beginning of their professional careers who would be interested in learning how you made the transition from employee to business owner. + +Things I'm interested in: + +- What made you choose your industry (previously worked there, saw an opportunity etc..) +- Which industry / business +- How much capital did you invest and how long did it took you to hit certain EBITDA / revenue milestones? +- Age when you started +- Fatfire trajectory +- Work hours (some run lifestyle friendly businesses, others put in 100 hr work weeks) +- How much income / compensation do you pay out to yourself +- Advice for younger folks with todays opportunities +- What would you do the same / differently if you started over + + +Thanks a ton. Hope other people can share and learn, too. +Especially in light of the fact that all the other world markets sank. + +I only lost a little on a bear spread, so it’s not an angry question; I’m just baffled and maybe there’s a logical reason behind this massive green move on a day like this. +I've been on here a few times asking about homeownership, and I've been shot down every time, and not without reason. **However**, everyone simply summed up my situation by saying that I simply needed to make more money to make home-ownership happen. Now that I'm out of poverty (currently right at median income), I'm still technically unable to purchase a home in my area, simply because **median income is not enough to own a home now.** + +That's where Habitat for Humanity comes in. They have programs that help people making anything from 133% of poverty to ~230% of poverty to get in a home. You have to volunteer 250 hours of your time to working on your new home or in their store, take a bunch of courses, and some other things; but in the end––and after about 1.5 years of planning, saving, and volunteering––you will move into a beautifully renovated home. + +If you are in my situation, or even still struggling to get out of poverty, I strongly suggest you contact your local Habitat for Humanity office. They are a kind, smart, compassionate, and patient group. +My husband and I are saving a ton of money right now so that in 4-5 years we can pay cash for a house. He is very risk averse... me less so but still fairly risk averse. It sounds really nice to have a fully paid off house, to only have to worry about taxes, upkeep and utilities. + +I have seen a lot of people online saying that it is a really bad idea to pay cash for a house, that it is better to get a mortgage and invest your money in something else. BUT... I also see people really excited that they got their house fully paid off. Or people celebrating that they can pay extra payments towards the mortgage. + +It just seems like these two things are contradictory. Everyone seems to want a paid off house, but people say I shouldn't just pay for it all at once. + +Please explain or discuss. +Signs of a market bubble by Peter Lynch + +“In the **first stage** of an upward market – one that has been down awhile and that nobody expects to rise again – people aren’t talking about stocks. In fact, if they lumber up to ask me what I do for a living, and I answer, ‘I manage an equity mutual fund,’ they nod politely and wander away.” + +&#x200B; + + In **stage two**, after I’ve confessed what I do for a living, the new acquaintances linger a bit longer – perhaps long enough to tell me how risky the stock market is – before they move over to talk to the dentist. The cocktail party talk is still more about plaque than about stocks. The market is up 15 percent from stage one, but few are paying attention. + +&#x200B; + + In **stage three**, with the market up 30 percent from stage one, a crowd of interested parties ignores the dentist and circles around me all evening. A succession of enthusiastic individuals takes me aside to ask what stocks they should buy. Even the dentist is asking me what stocks he should buy. Everybody at the party has put money into one issue or another, and they’re all discussing what’s happened. + +&#x200B; + +In **stage four**, once again they’re crowded around me – but this time it’s to tell me what stocks I should buy. Even the dentist has three or four tips, and in the next few days I look up his recommendations in the newspaper and they’ve all gone up. When the neighbors tell me what to buy, and then I wish I had taken their advice, it’s a sure sign that the market has reached a top and is due for a tumble. + +&#x200B; + +Known as the 'Cocktail party theory' by Peter Lynch (From one up on wall street). + +&#x200B; + +I personally believe we are entering stage 3, would enjoy hearing others impressions / stories. I personally have had a few friends exclaim how the stock market is 'easy money'. They have been in the market less than 6 months, everyone's a genius in a bull market... +Signs of a market bubble by Peter Lynch + +“In the **first stage** of an upward market – one that has been down awhile and that nobody expects to rise again – people aren’t talking about stocks. In fact, if they lumber up to ask me what I do for a living, and I answer, ‘I manage an equity mutual fund,’ they nod politely and wander away.” + +&#x200B; + + In **stage two**, after I’ve confessed what I do for a living, the new acquaintances linger a bit longer – perhaps long enough to tell me how risky the stock market is – before they move over to talk to the dentist. The cocktail party talk is still more about plaque than about stocks. The market is up 15 percent from stage one, but few are paying attention. + +&#x200B; + + In **stage three**, with the market up 30 percent from stage one, a crowd of interested parties ignores the dentist and circles around me all evening. A succession of enthusiastic individuals takes me aside to ask what stocks they should buy. Even the dentist is asking me what stocks he should buy. Everybody at the party has put money into one issue or another, and they’re all discussing what’s happened. + +&#x200B; + +In **stage four**, once again they’re crowded around me – but this time it’s to tell me what stocks I should buy. Even the dentist has three or four tips, and in the next few days I look up his recommendations in the newspaper and they’ve all gone up. When the neighbors tell me what to buy, and then I wish I had taken their advice, it’s a sure sign that the market has reached a top and is due for a tumble. + +&#x200B; + +Known as the 'Cocktail party theory' by Peter Lynch (From one up on wall street). + +&#x200B; + +I personally believe we are entering stage 3, would enjoy hearing others impressions / stories. I personally have had a few friends exclaim how the stock market is 'easy money'. They have been in the market less than 6 months, everyone's a genius in a bull market... +https://www.politico.com/story/2018/09/13/canada-weed-pot-border-783260 + +CGC Stock is currently down 7$ per share. I've lost hundreds of dollars today. + +Feels bad. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Hi Everyone, + +&#x200B; + +**April 1st:** *(UPDATE: We have decided as a community, to REBRAND our name completely and move away from the word ''safe'', as the stigma behind it in the crypto world is something we don't want to support.)* + +Introducing **GREENTREE** + +&#x200B; + +Before you even bother reading the rest, click here to view a certificate from [onetreeplanted.org](https://onetreeplanted.org/) (800 trees planted in Australia) + +&#x200B; + +\- [https://twitter.com/GreenTreeCoin/status/1376337914997526530/photo/1](https://twitter.com/GreenTreeCoin/status/1376337914997526530/photo/1) + +&#x200B; + +**GREENTREE** \- The Worlds First Fully Interactive **CLIMATE & ENVIRONMENTAL** Coin - Committed Too Bringing Back **Forests/Wildlife/Habitats** + +&#x200B; + +&#x200B; + +This is a nice, short sweet and hopefully encouraging reason to invest in the absolute greatest **COIN** of our generation, and no I'm not saying that lightly, this coin has the potential to be up there with the greats, I'm talking a 1000x + +&#x200B; + +&#x200B; + +**Website:** [www.greentreecoin.com](https://www.safetreecoin.com/) + +&#x200B; + +&#x200B; + +The whitepaper is simple - the more people who invest into **GREENTREE**, the more **GREENTREE** can use its allocated tokens to **PLANT TREES** and **REVERSE** Deforestation & Cryptocurrency Blockchain Energy Use. + +&#x200B; + +&#x200B; + +We all know how much energy is used in the crypto space, and its not stopping, we cant stop it, but we can do our part and **JOIN GREENTREE'S** Cause! + +&#x200B; + +So, What makes this easily **THE BEST** investment of 2021? ill start here: + +&#x200B; + +&#x200B; + +***(REFORESTATION PROGRESS) -*** [***https://www.greentreecoin.com/pages/tree-planting-worldwide***](https://www.safetreecoin.com/pages/tree-planting-worldwide) + +&#x200B; + +**1,000 TREES** Planted Over The Last **THREE** Days - **AUSTRALIA / USA / CANADA** + +\- **840** Trees Planted In Important Locations The FIRE Ravaged 2020 Australian Bushfires Had Destroyed + +\- **100** Trees Planted Within CANADA/QUEBEC Where They Are Needed Most (Aid Natural Habitats) + +\- **60** Trees Planted In Oregon USA Where They Are Needed Most + +&#x200B; + +\- **CERTIFIED** by [onetreeplanted.org](https://onetreeplanted.org/) one of the greatest worldwide non-profit 501(c)3 Tree Planting Charities + +\- [Reforestnow.org.au](https://reforestnow.org.au/) + +&#x200B; + +&#x200B; + +***(WALLET DISTRIBUTION) -*** [***https://www.greentreecoin.com/pages/token-usage-alerts***](https://www.safetreecoin.com/pages/token-usage-alerts) + +&#x200B; + +**FIVE** Separate **GREENTREE** Wallets, with specified and allocated **TOKENS** in Each for the following: + +Meaning **NO** RUG PULLS. + +Wallet 1 - **\[Natural Disaster Reforestation / Relief Fund\]** + +Wallet 2 - **\[Agricultural Reforestation Fund\]** + +Wallet 3 - **\[General Tree Planting Allocation Fund\]** + +Wallet 4 - **\[GREENTREE Marketing Fund\]** + +Wallet 5 - **\[Exchanges & Listings Fund\]** + +&#x200B; + +&#x200B; + +This can be found and confirmed here [https://bscscan.com/token/0xEDA9675DC967052cc5a047E19179E4Df040CB171#balances](https://bscscan.com/token/0xEDA9675DC967052cc5a047E19179E4Df040CB171#balances) + +&#x200B; + +&#x200B; + +***(Liquidity Locked)*** + +\- 1st July 2021 (4 Months) + +This project is already doing **GREAT** things for the world around them and its **TRULY** a world first in the crypto space. + +&#x200B; + +&#x200B; + +**How To Buy** \- [https://www.](https://www.safetreecoin.com/pages/how-to-invest)[greentreecoin](https://www.safetreecoin.com/pages/project-whitepaper)[.com/pages/how-to-invest](https://www.safetreecoin.com/pages/how-to-invest) + +**Pancakeswap Link** \-  [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xEDA9675DC967052cc5a047E19179E4Df040CB171](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xEDA9675DC967052cc5a047E19179E4Df040CB171) + +**Roadmap** \- [https://www.greentreecoin.com/pages/project-roadmap](https://www.safetreecoin.com/pages/project-roadmap) + +**Whitepaper & Tokenomics** \- [https://www.greentreecoin.com/pages/project-whitepaper](https://www.safetreecoin.com/pages/project-whitepaper) + +**Coingecko.com** \- Applied + +**Coinmarketcap.com** \- Applied + +&#x200B; + +&#x200B; + +And the best part? all you have to actually do is just hold some tokens, and see where it goes, come back in a few months a year...the amount of traction this coin is getting in such a **SHORT** period of time is mind-blowing. + +Mark my words, you will look back on this post in **6 MONTHS** or so, and wonder why the hell you didn't listen and get in whilst it was just beginning, it just makes sense, and who wouldn't want to fight to keep our forests and wildlife thriving. + +&#x200B; + +&#x200B; + +[www.safetreecoin.com](https://www.safetreecoin.com/) **REBRANDED** [www.greentreecoin.com](https://www.greentreecoin.com) + +&#x200B; + +**Telegram** + +OLD + +\- [t.me/safetreeofficial](https://t.me/safetreeofficial) + +NEW + +\- [t.me/greentreecoin](https://t.me/greentreecoin) + +&#x200B; + +**Twitter** \- [https://twitter.com/GreenTreeCoin](https://twitter.com/GreenTreeCoin) + +**Reddit** \- + +Old - [r/SafeTree](https://www.reddit.com/r/SafeTree/) + +New - r/greentreecoin + +&#x200B; + +&#x200B; + +&#x200B; + +**Conclusion:** + +\- Not one token from this projects team has been sold by the creators since its inception *(some screamed rug day 1,2,3,4,5 and counting.)* + +&#x200B; + +\- 1,000 Trees planted so far - with receipts - Australia (Bushfire Recovery), Canada, USA + +\- Certified by [onetreeplanted.org](https://onetreeplanted.org/) \- the best reforestation 501 charity in the USA + +\- A little community video made [https://www.youtube.com/watch?v=MbzW4fB7cm4](https://www.youtube.com/watch?v=MbzW4fB7cm4) + +&#x200B; + +&#x200B; + +&#x200B; + +*(Beware regarding the comments: organized groups of 100+ people will downvote posts and comment negative things, they generally are shilling for their own coin/post to reach the top and drown every other post out, when people comment, do some research and read there comment history, if they are shilling another coin, well now you know why they are here.)* +**Two days!✌️** Mello Token launched publicly 2 days ago and has already 26x’d!!!!! + +Mello is already proving its worth, especially by its fast-growing community! + +**💸Mello PAYS its holders MELLO REWARDS just for holding!!!!!!💸**With 265+ addresses and growing every hour, you MUST get in now!!! There is NO TELLING how much your investment will grow over the next couple of weeks, months, and YEARS!! + +The Mello Development Team is shockingly dynamic, diverse, TRANSPARENT, and TALENTED … they have wasted NO time. Not only will Mello soon be one of the **🔥HOTTEST🔥** tokens out there… but the Mello team is planning to launch the most interactive and advanced virtual crypto Casino experience EVER! But that is only the beginning.. Mello plans to launch the first… + +**VIRTUAL REALITY CRYPTO CASINO**!!!!!!!🎰 + +Imagine putting on your VR headset and instantly being transported into a fully immersive casino experience!!📝\*\*Mello Token’s Long Term Goal📝:\*\*To create the best at-home casino in the world, powered by a token that PAYS PLAYERS BEFORE THEY EVEN PLAY!!!😁🤑 + +**BUY MELLO!!!!!** + +**MELLO TOKEN ROADMAP:Q2 2021** + +* ✅ Launch +* ✅ Pre-Sale +* ✅ Website and Social Media Development +* ✅ Launch on PancakeSwap +* ✅ Apply for CoinMarketCap and Coin Gecko Listings +* ▶️ Form Legal Entity +* ▶️ Token Audit + +**Q3 2021** + +* ▶️ Develop Mello Virtual Casino Environment +* ▶️ Build and Design Platform and Infrastructure +* ▶️ Stress-Test Site for Security and Traffic Capacity +* ▶️ Obtain Casino Licensing in the UK +* ▶️ Refine Global Expansion Roadmap +* ▶️ Begin Raising Funds for Casino Operation +* ▶️ Launch Stable-Token for use in Virtual Casin + +**Q4 2021** + +* ▶️ Audit Mello Virtual Casino Platform +* ▶️ Approve Launch and Operations with Competent Bodies +* ▶️ Final Testing Launch Mello Virtual Casino in the UK Begin Global Expansion Process +* ▶️ Form Strong Partnerships + +**▶️ ENTER THE VIRTUAL REALITY PHASE…** + +[🌐](https://emojipedia.org/globe-with-meridians/) **Website:** [MelloToken](https://MelloToken.com) + +**🔄 PancakeSwap:** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x651bfbb26455294408aabc61a7adf427bf149898](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x651bfbb26455294408aabc61a7adf427bf149898) + +[📰](https://emojipedia.org/newspaper/) **SubReddit:** r/MelloToken + +**💻 Discord:** [https://discord.gg/SGzE5Cns49](https://discord.gg/SGzE5Cns49) + +**📡 Telegram:** [https://t.me/mellotoken](https://t.me/mellotoken) +"It is legal to do. It's not a matter of being patriotic or not patriotic. It doesn't go that the more you pay, the more patriotic you are," he told The Washington Post. The U.S. federal corporate tax rate, which stands at 35%, is among the highest in the developed world. +I have about $100k that could go to a $500k house in a growth market like Austin or could go to 2-3 houses under $200k in San Antonio or Houston. + +I want the 3 cheaper older houses to ensure cash flow will cover everything. Wife wants a nice house in Austin due to the ongoing tech migration to the city. + +How do you make your decisions with two totally different strategies? +My daughter is very reluctant to apply for a university place - not because of any academic concerns, but purely because she's scared about incurring a massive debt. + +Whilst it's good to see that she's learnt from our (bad) example and the struggle we've had to get debt free (last payment in 2 days!!!), I don't want her to miss out on getting the best education she can on that basis. + +Things have changed substantially since I was at that age, so there's a lot I don't understand about how student loans work, but am I right in thinking they effectively work as a graduate tax, where you only repay a percentage once you earn over a certain amount? + +What's the best way of explaining this to her so she can make an informed decision, and are there any useful resources I can point her towards. + +Edit: We're in Wales, likely to go to university in England +My new job has a 401k that you can enter into only twice a year- January and mid year. I have missed the mid year mark so that will leave me with not being able to enter until January. + +I already max out my Roth IRA but is there anywhere else I can park money for the next 5 months? A different account I can open during this time so that I don’t simply have to stop investing for my retirement? + +For more reference, I’ll be a front office coordinator at a physical therapy location. So I’m not going to be self employed. +My wife and I recently took jobs not eligible for health insurance though work. Combined income is 175k. We have four kids. Does anyone have any advice or suggestions on how to go about saving money on buying health insurance? Any combination of hsa and some other plan? +I’ve been reading and hearing at work (from laymen) that the end times are upon us and we are on the way to recession. + +I’m interested in learning some (hopefully) more educated opinions. +[Did you know that Australia is the second highest consumer of textiles per person in the world, behind only the United States of America? Each year, we acquire on average 27 kilograms of textiles per person, and discard around 23 kilograms of it to landfill. In total, approximately 800,000 tonnes of textiles are sent to Australian landfills each year (and more has been historically sent overseas).](https://www.claytonutz.com/knowledge/2021/december/australias-textile-waste-problem-and-how-the-key-players-are-responding) + +Over the last several weeks I’ve bought second hand clothes and I would like to showcase how much I spent vs RRP of each item. All items were purchased from op shops except the first shirt which was purchased on FB marketplace. All items are in great condition with no defects. I have also received compliments for some of the items, which combats the argument that you can’t cheaply buy fashionable items secondhand. Some items I was unable to find the precise RRP, but have gone with the minimum amount in the range to be conservative. + +Purchased items [$ cost] ($ RRP): +- Shirt [30 including postage] (~80-100) +- Polo [10] (~30-40) +- Flannel shirt [7] (24) +- (Funky) soccer jersey [12] (~70-100) +- Flannel shirt [15] (50-70) +- t shirt [7] (19) +- Sweater (3.50) [52] + +Cost = $84.50. Total RRP = $331. Difference = $246.50. + +The above items are in great condition and not made of cheap quality that feels like it will be unwearable in 12 months. Another point is that the above items are mostly casual wear items and there are some items which I’d prefer to buy brand new. So, as a white collar worker, it means the money I’ve saved and waste I’ve reduced can be spent on say work shirts. This is also a result of only a few weeks of shopping, so I’m sure the benefits can be magnified as I continue doing it over many years. +Recently i got some odd mail. + +A denial from allstate for insurance, when i never applied for insurance through them. I dont even have a car right now. And this wasnt a "thanks for your interest" it was "we checked you out and we dont like what we saw" type deal. + +I also received in the same time a denial from spectrum for a slight misspelling of my sister (who is a minor)'s name. Her name is xyz last name and this one was like xyab last name. + +I also got some mail from victorias secret addressed to myfirstname b. Mylastname even though my middle initial is an m. I dont ever shop at vs nor do i want to. + +All of this seems rather odd and i wonder how much i should worry. It seems like someone is applying for insurance under my name, but then the mail is still going to my house? How would that benefit them? What could this be? Does anyone have any advice? Ive been monitoring credit karma and dont see any new lines opened or money spent. I plan on calling each company to report the weirdness. +I’m a first time dad. Had a healthy baby boy. It was the best experience of my life, however I couldn’t shake this feeling while I was in the hospital of impending financial doom once I inevitably received my bills. We have insurance through work, but it’s garbage. Only make 35k combined between us. I knew I was going to get hit with a huge bill. A few weeks after discharge, we received the bills. Almost 9,000$. My heart sunk. It ruined my mood in the moment, but also every single day at work. I was entirely ready to contribute a chunk of every paycheck towards this massive bill. My wife threw out an idea to apply for Financial Assistance. I put it to the side for a few days, saying it would be a waste of time. Then, after some thought, we decided to just put in a claim and hope for the best. We figured the worst that could happen is they say no, and we have to pay the entire bill. We applied and three days later, we received an email saying 100% of our bills is covered! We checked the balance online, and it was 0$! The relief we felt was indescribable. I was fully expecting for them to reject us for whatever reason. It was a shock to us! Apply for Financial Assistance for your medical bills! You could save too! I can truly say this is life changing, not having that debt over our heads. Monumental even +I’ve been following this community with interest but the discussions are very USA-centric with a particular focus on VHCOL areas. I was in Northern California recently for the first time and the prices of simple everyday goods there felt surreal to me. I also find that medical costs anywhere in the USA are in a league of their own. + +I would like to start a discussion on fatFIRE minimums for other parts of the world that attract affluent early retirees. For example: + +1. Italy/ Spain/ Portugal +2. Bali/ Thailand +3. Buenos Aires/ Istanbul/ Cape Town and other major cities in developing countries that aren’t as cheap as SE Asia +5. Anywhere else that you can think of/ live in! +I am 50y guy with $8M NW with 2 kids in HS (college fully paid/accounted in separate 529s) + +I had a family health emergency that accelerated my FATFire plan by 5 years in mid 2021.(org plan was FIRE by 55y) + +I really have been enjoying my 6months off and while I do miss some intellectual challenges at work, I don't miss work at all. A lot of hobbies (but minimal travel due to family health and Covid) + +Good news is health situation has turned around and at the same time, I am being recruited for a VP level role at FAANG-like role. I guess TCOM will be in $1M to $2M range. + +I didn't think I would go back to work at all, but have been having a second thoughts for the following reasons. + +1) I am stuck at home for next 3\~4 years 'till kids finish HS and this covid thing is going longer. part of my plan was to travel extensively post FATFIRE. + +2) when I ran the #s, extra 3\~4 years of income will add $2\~$4M to my NW (after tax) . I don't spend much (my spent is $200K/yr) and it won't really be a life changing money after all. It would be nice to have extra money for toys and maybe set up my kids for easier life ( say new car post college or downpayment for new house in HCOL in their late 20s). + +One thing I have come to term with -post FATFIRE (which was not easy and took some soul-searching) is that I don't need to high prestige job for self satisfaction or ego or sense of purpose. + +Any thoughts/advice who went to similar journey in their 40s to 50s? + +Thanks. +# The Good + +No more <1% interest rates, no more management fees, no more discrimination, no more paperwork, and no more long lines. And you can actually beat inflation with passive income and living off of interest. Bonus points because you can do so while being invested in crypto. + +With Defi you can *Be Your Own Bank* and do most things that a financial institution would do without getting discriminated and without paying someone to give you access. In addition, because defi is open-sourced and collaborative, it works like Legos—dapps building on top of one another. This makes defi hyper-efficient unlike traditional finance, which is inherently closed in nature. + +# The Bad + +Banks exist for a reason. It's not easy to 'Be Your Own Bank'. It's not easy to set up all these accounts and manage multiple assets across a number of platforms. And—when I first used it—Defi wasn't very user-friendly at all. Here's what I had to do: + +1. Buy a stablecoin from a centralized exchange +2. Trade the stablecoin for the gas token (ETH for Ethereum, MATIC for Polygon, etc.) +3. Install a Web3 wallet (then for Metamask, you had to manually add the network details) +4. Secure the private key +5. Send token to Web3 wallet (did a test transaction first, as always!) +6. Connect Web3 wallet to the dapps I was using +7. Approve the tokens in the dapp +8. Swap, deposit, and finally do defi things + +It took me 2 hours to set up a Web3 wallet for the first time (takes me 5 mins now). On the early days, you didn't have on-ramps yet for networks like Polygon so the initial onboarding was expensive. I avoided most of the fees by going to BSC first and then bridging to Polygon, which involves extra steps like *buying BNB > sending it to wallet > setting up a bridge dapp > sending BNB from BSC to Polygon > approving the unwrapped BNB > unwrapping the BNB > swapping coins/tokens* + +Another difficulty of being your own bank is that you're solely responsible for managing your assets now. So when crypto crashed in May, I had to manage my positions. I remember being quite frantic, moving all of my assets—spread around multiple dapps—and also rushing to funnel money in to manage my positions. + +Of course, I was never in any REAL danger, *per se.* I think I was ~20% away from paying liquidation fees at that time; but that was pretty much the floor amount of risk that I wanted to be in. Still, if I wasn't actively managing my positions, I would've been punished when the market continued to crash. If I wasn't online--for example, if I was out on vacation--then, quite frankly, I'd be royally f*cked. + +# The Ugly + +A study recently came out that ~50% Liquidity pool (LP) providers using Uniswap were at a net loss while participating in a LP compared to if they just held their assets. This is because of impermanent loss. I reckon, this would also translate to most of Defi at its current state. + +Impermanent loss is a major issue in Defi and also one that newcomers will typically be encounter. And it’s hard to spot also because you aren’t always losing money. Sometimes, you would’ve just been better off putting your money elsewhere. + +I realized this when I was using the SOL-RAY pool while on the Solana ecosystem. This was around July to October when Solana had its run up. LPs are actually great if the market isn’t pumping. I wish I knew this earlier because when Solana did pump, despite earning 70% APY on the LP fees, I was actually down $200 had I just held SOL, which did a 8x while RAY only did a 4x. + +And the current state of Defi is undeniably unsustainable. The way most of it works is that protocols incentivize users with high rates but high rates are only possible with high inflation. High rates will cause high demand, because everyone wants a piece of the pie, and high demands inflates the price. At first, this makes it seem like a good opportunity (because price is rising while rates are high) but eventually, rates will decrease because there’s more users to distribute awards to. And when that happens, users leave. + +The people who benefit from these trends are the people who made it in early, while people left holding the bag get rekt. While I don’t see anything inherently wrong with this—I mean, technically early birds should get the most rewards since they’re the ones who took most of the risks—protocols and users who are late to the party are at the mercy of these nomadic farmers who come and go. Most protocols end up being in no-man’s land after a few months and users always have to be on the move. + +Sticking to the theme of Defi user being farmers, Defi is currently at an era of nomadic pastoralism and needs to adopt sustainable agriculture practices. + + +# Silver Lining + +Defi is young and rapidly changing. Developers and users are aware of the problems and innovation is always seeking to find solutions. + +There’s a movement in the space referred to as Defi 2.0, which revamps the current model in a way that still makes Defi fair and decentralized, while also making protocols less reliant on users who come and go. + +It’s also getting easier to use and a bunch of protocols are being created to broaden the spectrum for those who prefer to have more security (of course, at the expense of trade offs in rewards). + +When in doubt, zoom out. And looking at the world of Defi as we know it today, It’s really only just been 2-3 years. Since then, the Defi ecosystem has grown to an estimated $250B + in total value locked. Imagine what it can accomplish in the next few years. +Utility American Water Works Company (ticker: AWK) has recently enjoyed a cash tax rate of 0.1% and has brought in a pretax profit of $1.1 billion on average in the past three years. Its peer, [Ameren ](https://www.barrons.com/market-data/stocks/aee)(AEE), has had a 0.1% cash tax rate and pretax profit of $1.1 billion, as well.  + +Advanced Micro Devices (AMD) has had a 1% tax rate and average pretax profit of $1.8 billion.  [Nvidia **NVDA** **–1.18%** ](https://www.barrons.com/market-data/stocks/nvda) (NVDA) has had a 4.7% tax rate and average pretax profit of $4.8 billion.  [Broadcom ](https://www.barrons.com/market-data/stocks/avgo)(AVG) has had a 6.8% tax rate and pretax profit of $6.8 billon.   + +[Apollo Global Management **APO** **–0.79%** ](https://www.barrons.com/market-data/stocks/apo) (APO) has had a 5.1% tax rate and pretax profit $2.3 billion.  + +[Ford Motor **F** **–0.46%** ](https://www.barrons.com/market-data/stocks/f) (F) has had a 4.3% tax rate and pretax profit of $4.93 billion.  [Tesla **TSLA** **–6.63%** ](https://www.barrons.com/market-data/stocks/tsla) (TSLA) has had a 5.3% tax rate and pretax profit of $2.3 billion.  + +[Amazon.com **AMZN** **–1.24%** ](https://www.barrons.com/market-data/stocks/amzn) (AMZN) has had a 9% tax rate and pretax profit of $25.4 billion.  + +[Salesforce ](https://www.barrons.com/market-data/stocks/crm)(CRM) has had a 3.1% tax rate and pretax profit of $1.6 billion.  + +These companies are candidates to see lowered earnings from higher taxes.  +Always, during bull runs a lot of new people get interested in crypto to join in on the hype! Which is good for crypto because we like adoption! + +A lot of them won’t know the basics, like Market Cap, difference between good and shitcoins and a lot of other stuff. + +Instead of mocking them for thinking Shib can reach $0.1, teach them about market cap and how it’s almost* impossible for that to happen. + +*almost because nothing in crypto is impossible. + +This sub did teach me a lot, but I was a lurker and I didn’t ask any questions, I only read other people’s question and people answering them. Most of them were nice, but some were not so nice. + +Do your part for helping crypto grow! +Just wanted to make a quick PSA letting everyone know that if they are going to shop at GameStop, try to buy their used products. Having worked there years ago, we were always encouraged to sell used games & consoles over new games & consoles as this gives the company the biggest profit margins. + +&#x200B; + +Okay, folks, I think that about wraps it up. I'm sure that this has been mentioned before but never hurts to remind everyone. +Hi everyone, i'm an 18 year old, living in South Wales, i've won the euromillions lottery raffle of £1,000,000 and i'm really feeling out of my depth here. I haven't announced it to my family at all or friends. I want to just make it last forever and not have to work a day in my life but i have no idea how claiming it will work or if my bank will handle that amount of money? won't it be suspicious if that all just went in and my bank would ask questions? My first thoughts are just new car, new gaming house for me and my mates, quit job but i'm just shaking with fear and excitement and I dont want anyone to know about it really as I know i'll have hands from everywhere. I come from a poor family (Sub 5k a year) and i'm earning less than £10k a year currently. It's a godsend but I want it to last... Please help me, what can I do and how can I enjoy it without ruining my life? +https://www.washingtonpost.com/politics/trump-gardner-strike-deal-on-legalized-marijuana-ending-standoff-over-justice-nominees/2018/04/13/2ac3b35a-3f3a-11e8-912d-16c9e9b37800_story.html?noredirect=on&utm_term=.64e8e7827358 +Taken straight from the Facebook of one of Switzerland's national councillors, Claude Béglé. Extremely interesting and powerful news: + +"Promoting Switzerland as a global hub for blockchain technology + +Motion that I just tabled at the end of the session at the National Council, on a subject that some do not yet understand very well, but which will upset our habits. So prepare as well. + +Text of Motion + +The Federal Council is asked to carry out a reflection involving the relevant actors in order to establish a strategy that will make Switzerland a global center of Blockchain technology; and to accompany this process by taking on a facilitating role, stimulating training, promoting conferences, establishing a specific legal framework and creating a quarterly information chart. + +Blockchain technology matures from month to month: it is moving from the testing phase to a certain degree of standardization, enabling it to spread rapidly across many sectors of the economy. + +With a leading innovation ecosystem, our country has the necessary assets to attract the actors of the blockchain. And the emergence of a global blockchain cluster in Switzerland would benefit our entire economy. + +Development + +Concretely, the blockchain is a sort of virtual notary: all transactions, all recordings of documents serving as proof are made by computers. + +The blockchain is very secure: it works thanks to dozens of computers, permanently connected, which register the same transaction, control its contents and store it at the same time. The operation is validated only if more than 50% of the computers in the blockchain have the same information. + +By combining the blockchain with the Internet of the objects and the digital creation of documents, one obtains a "smart contract" which allows to trigger an action when certain facts have occurred, that to respect the provisions of a contract. + +The blockchain, included in smart contracts, is very popular with banks to validate in one click financial transactions. It begins to be used for the international transit of goods (abandoning bundles of customs documents), for the international traceability of foodstuffs, or to oblige to deliver only medicines transported at the right temperature. + +Many major Swiss groups are interested in the blockchain: UBS, Swisscom, Nestlé, Trafigura have entered into partnerships; Credit Suisse has a specialized research team. And we are already talking about a "Crypto Valley" in the region of Zug. + +On the other hand, 60% of the heads of companies do not measure the stakes of the digital and the blockchain, according to a survey carried out in the canton of Vaud by the Chamber of Commerce at the end of 2016. It is also in this that a federal impulse would be useful. + +Claude Béglé, National Councilor" + +EDIT: pictures of the original post on Facebook, in French: https://imgur.com/a/RmAwG +ETH - high cost + +SOL + LUNA - datacenter nodes + +ADA - slow as fuck + +AVAX - using sidechains -> giving up security + +EDIT: ALGO - Centralized relay nodes + +And the list goes on. + +I'm not a religious guy but people should follow more the "He that is without sin among you, let him cast the first stone at her" dogma. Don't throw shade at a network for employing VISA like architecture whilst your blockchain can't deliver a simple contract interaction at reasonable speeds. The opposite is the same. Don't make fun of the guys with high transaction fees while you're busy trusting your funds to a small group of people. + +ITT: After a day I can conclude that, while we have a decent amount of level headed people, the amount of creeps/borderline rejects/bots outclasses them (sort by new). The subreddit is poisoned, lol. +I've been doing a lot of research on CC's and listening to some podcasts, reading posts etc. and the idea I'm getting is that you always want to roll your CC when it goes ITM or is approaching it. I even heard someone say "if you're CC is ITM, *don't panic*." I don't understand why your CC ending up ITM is a bad thing in the slightest. Doesn't this just mean as it stands, at expiration you will make 100% maximum profit from your CC? Isn't this the ideal scenario? I let my CC expire ITM, it gets exercised, I sell my shares and collect the premium and reinvest into a new CC. Why do I want to roll it, possibly multiple times, just to avoid assignment? + +If the underlying price goes well above my CC, say I had a 15C and the stock is at 17 and I haven't been assigned yet, then yes I understand why I would want to roll it out to 20, but I would only do that once the stock has already gotten significantly ITM, not just approaching it. I would just rather in almost every scenario let my call be exercised, collect max profit and move on to the next play. +I can't get my head around how rolling is beneficial. The argument for rolling is that you gain credit while adding time and trying to keep the dream alive. But what's also happening is your new positions are "weird" with low profitability of profit, and they are not something you'd normally open. You are also holding up capital that you could have used to open a preferable position. Can anyone point me to anything that shows that rolling is better than closing a position and opening a new one? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Option Expiration Month #1 Update + +Bottom line: on an absolute basis, it is a big fat non-event, even though the individual trades were going crazy. Crappy diversification is diversification nonetheless. + +The total P/L from all these trades in the past month or so is a whopping.....drum roll....$5. I did not pay any commissions on Webull, but if I did, it would be around $10 at 65c per contract, so I would be at -$5 net net. + +So, is this a profitable strategy? Maybe, if you think that breaking even by dealing with delisted stocks and biotech shitty small caps cratering 80% in a single day is an OK alternative to losing 7-8% in SPY over the same period of time. Is it sustainable with a larger account? Probably not, but that is what the experiment is all about. Onward and upward we go. + +A few notes: + +ENDP got delisted. The options market dried up as only closing trades were allowed. Someone panicked and bought back the put at $1.4, a cost much higher than theoretical value, for an instant loss. I bought back mine at an instant gain of 10 cents, an instant equivalent loss to the seller. Yes, the markets can be irrational at times, and I fully believe that this is due to the sheer ignorance and hubris in the new wave of option market "traders". + +PYPD shared poor study results and the stock cratered 80% in a day. If I were heavy into this stock, my account would blow up. If I were short unsecured puts, not only would I blow up, but I would end up owing more than expected. Things were going well overall until that point, and it looked like I would collect 10% total monthly premium, but this single loss wiped out all those other smaller premiums from other trades. It was not even that much in premium, as I collected $25 on the option sale. So this would be a situation of a steamroller running over me while I was picking up $5 bills on Wall Street. I will end up being a bagholder on this one, because I see that there is some explosiveness in the stock. I am not sure if selling the Oct $2.5 call is with as it pays $10 per contract, which would make my cost basis $2.15. We shall see how I manage this one. + +CLNN is an open trade, and I am still unable to find a catalyst for this one by October expiration. Last month, the premiums were juicy for no apparent reason. Sooner or later they will share some news, but I am honestly not sure when. My cost basis on that one is going to be $1.1 if I get assigned, since I collected 50 cents on the Sep options, and another 90 on Oct options. + +The rest of the stocks are non-events, or bags that I will stop holding next week when I find new/better opportunities, if their calls are not offering good premium to complete the wheel. + +That is all for now, hope you guys enjoy reading the updates, good luck to all, and cautious trading! + +Name | Avg Price | Side | P/L | Note + +AVYA 09/16/2022 00:00:00 EDT Put $0.50 | 0.06 | Sell | 12 | Worthless + +AVYA 09/16/2022 00:00:00 EDT Put $1.00 | 0.25 | Sell | 25 | Worthless + +BBBY 09/16/2022 00:00:00 EDT Put $3.00 | 0.03 | Buy | | BTC (bought to close) + +BBBY 09/16/2022 00:00:00 EDT Put $3.00 | 0.17 | Sell | 14 | + +CLNN 09/16/2022 00:00:00 EDT Put $2.50 | 0.15 | Buy | | BTC (bought to close) + +CLNN 09/16/2022 00:00:00 EDT Put $2.50 | 0.65 | Sell | 50 | + +CLNN 10/21/2022 00:00:00 EDT Put $2.50 | 0.9 | Sell | 10 | Open + +ENDP 09/16/2022 00:00:00 EDT Put $0.50 | 0.2 | Sell | | + +ENDPQ 09/16/2022 00:00:00 EDT Put $0.50 | 0.3 | Buy | -10 | Delisted + +IMPP 09/16/2022 00:00:00 EDT Put $0.50 | 0.16 | Sell | -1 | Baghold + +MNMD 09/16/2022 00:00:00 EDT Put $1.00 | 0.3 | Sell | -20 | Baghold + +PRTY 09/16/2022 00:00:00 EDT Put $1.50 | 0.15 | Sell | 15 | Worthless + +PYPD 09/16/2022 00:00:00 EDT Put $2.50 | 0.25 | Sell | -100 | Baghold + +VRM 09/16/2022 00:00:00 EDT Put $1.50 | 0.1 | Sell | 10 | Worthless + +&#x200B; +Guten Morgen to this global band of Apes! 👋🦍 + +After a sustained period of price decline, it seems that GME is potentially heading for another upward breakout. +Such price action doesn't really matter, since nobody is selling for these discount prices. +However, it does often pump new energy into this movement, and that is something that I always welcome. + +The SHFs know that there is no way out of their impossible short positions unless they can get Apes to give up hope. +I don't know how they expect to achieve that, given that we are approaching two years into this movement and their position gets worse each day. +I am optimistic that we could have over 100 million shares locked up by the end of this quarter. +Each day, they fight to survive, paying high fees to borrow shares and racking up new naked short positions when they don't borrow. +Each day, they struggle to maintain margin requirements in a volatile market, needing massive cash infusions just to survive. +Each day, we DRS even more of the float, ensuring that legitimate shares are even more difficult to come by. +They want us to give up hope, but *we* are not the ones who are struggling. + +Our Diamantenhände are ready for whatever they throw at us. +We are investors in the most promising company revitalization in decades. +There is nothing that is going to change my mind on that. + +Today is Monday, September 12th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$28.87 / 28,73 €** *(volume: 8703)* +- 🟥 115 minutes in: $28.78 / 28,64 € *(volume: 8432)* +- 🟩 110 minutes in: $28.87 / 28,73 € *(volume: 8428)* +- 🟩 105 minutes in: $28.79 / 28,65 € *(volume: 8213)* +- 🟥 100 minutes in: $28.73 / 28,59 € *(volume: 7271)* +- 🟥 95 minutes in: $28.76 / 28,62 € *(volume: 7107)* +- 🟥 90 minutes in: $28.80 / 28,66 € *(volume: 7012)* +- 🟥 85 minutes in: $28.83 / 28,69 € *(volume: 7012)* +- 🟥 80 minutes in: $28.84 / 28,70 € *(volume: 7012)* +- 🟥 75 minutes in: $28.87 / 28,73 € *(volume: 6947)* +- 🟩 70 minutes in: $29.08 / 28,94 € *(volume: 6861)* +- 🟩 65 minutes in: $28.67 / 28,53 € *(volume: 5305)* +- ⬜ 60 minutes in: $28.54 / 28,41 € *(volume: 5055)* +- ⬜ 55 minutes in: $28.54 / 28,41 € *(volume: 5055)* +- 🟥 50 minutes in: $28.54 / 28,41 € *(volume: 5035)* +- ⬜ 45 minutes in: $28.55 / 28,41 € *(volume: 4999)* +- 🟥 40 minutes in: $28.55 / 28,41 € *(volume: 4969)* +- 🟩 35 minutes in: $28.67 / 28,53 € *(volume: 4966)* +- 🟩 30 minutes in: $28.54 / 28,40 € *(volume: 4259)* +- 🟥 25 minutes in: $28.45 / 28,31 € *(volume: 4059)* +- ⬜ 20 minutes in: $28.49 / 28,35 € *(volume: 3787)* +- 🟥 15 minutes in: $28.49 / 28,35 € *(volume: 3787)* +- 🟥 10 minutes in: $28.53 / 28,39 € *(volume: 3459)* +- 🟥 5 minutes in: $28.81 / 28,67 € *(volume: 1363)* +- 🟩 0 minutes in: $28.99 / 28,84 € *(volume: 567)* +- 🟩 US close price: $28.92 / 28,78 € *($28.95 / 28,81 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0049. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I just got all set up for the mega backdoor Roth at work! + +It took some effort though. I first contacted my benefits department to ask. After several emails back and forth I was basically told ‘the only after tax contributions you can do is for Roth, we can change your contributions to that if you would like, have a nice day’. + +I was pretty certain they hadn’t dealt with this before and weren’t aware of the 2019 401k/403b limit of 56,000 (they kept telling me that the limit was 19,000 and were confused when I said ‘after tax NON Roth). At this point I felt it would be better to contact the plan provider directly. They understood what I wanted to do after a little explaining, even though they also said they had never heard of this before. ‘You said this was called a Mega Backdoor Roth?’ they asked. ‘We’ll do some research and let you know if we can allow this. We’ll follow up with email later’. + +I got an email a day later saying that my issue had been resolved, but no details were in it. I called again, and had the rep look up my case. ‘It looks like they approved this...mega backdoor Roth? I’ve never heard of that (it was a new rep). But contact your local rep where you work to get the form to do this’. + +It took making an appointment with the rep to get the paperwork since they didn’t have it through the website, which took another week, but just today I got it. This has been a long process, but it was helpful remembering stories here on r/financialindependence. In the past I am pretty sure that I would have quit early on, probably at the first step when I was told ‘you can only put in 19,000, have a nice day’. But I know I’m not the first one here who ran into what seemed like a brick wall and then found a way, which was hugely motivating. And now I have a way to get much much more into tax advantaged buckets, which will get me to FI that much sooner. Always just ask and keep asking. The worst they can say is ‘No’. +So I know a lot of people here have been suspecting that the crypto markets have been used to suppress GME's price. Theoretically, if this is true, we should be able to see an outflow of crypto being sold (obv going down) that correlates to the outflow of GME shares being sold, right? Maybe I'm getting ahead of myself, let's look at some charts. + +&#x200B; + +[Figure 1: Correlation between a certain coin's sell this morning and GME price drop](https://preview.redd.it/adlxhtdxy3m71.png?width=1364&format=png&auto=webp&s=4924b075521f57a2c81ea9c818b4688a0cb2cab7) + +**Figure 1** shows what tipped me off to look at a certain coin this morning. I noticed that the charts are surprisingly correlated. But most interestingly, I noticed that **in the beginning of the day GME was setting higher lows and overall appeared to be trending upward**. What does this mean? Take a look at figure 2 here: + +&#x200B; + +[Figure 2: Higher lows BEFORE a major sell event occurs](https://preview.redd.it/q8ejovzzy3m71.png?width=1497&format=png&auto=webp&s=82ff56e3c2e2e6e3a549d0c122a5b92835c963ea) + +**Figure 2** shows the upward trend that I spoke about further up. This morning, it appeared that GME was flirting with a breakout in the upward direction, setting higher lows and suggesting that the **SHFs were losing their ability to suppress the natural price movements of the stock.** Then, out of nowhere, we see a dump from around 10:45 am EST to around 11:15 am EST. + +Ok, so at first glance it looks like there's some correlation here. But let's try to get some math behind this and see if our thesis can be validated. Theoretically, **we should see the same (or similar) dollar-value** numbers of **coins sold** from around 10:30-11:00 as **GME sold** from 10:45-11:15 (gives them around 15 minutes to start the dump after selling their coins). + +Let's use our friend OBV to get our figures... + +[Figure 3: OBV on GME from 10:45-11:15](https://preview.redd.it/c40f4ax2z3m71.png?width=1501&format=png&auto=webp&s=2e12d3e251819b9445b96581c024e0b5b2d0a8e6) + +As we can see here, there is a sudden drop on OBV from around 895,000 shares to around 730,000 shares. That gives a difference of 165,000 shares of GME that were used to suppress the price (895,000 - 730,000 == 165,000). Now let's convert that to dollar values... 165,000 shares \* $200 = $33,000,000. **So, SHFs theoretically used $33 million to attack GME this morning** (rough figure, obviously these are estimates)**.** + +Ok, great, so SHFs used $33m for this attack. I wonder how much bert-coins was sold this morning... + +&#x200B; + +[Figure 4: OBV on a certain crypto from 10:30-11:05](https://preview.redd.it/0q376165z3m71.png?width=1815&format=png&auto=webp&s=b48374c4102233b2345cee788864e43c66e8a9c4) + +Wow so uh, that's a lot of coins sold. Let's add some user error here and say it's 630 that was sold this AM. Let's also say that, on average, this coin was sold at around $48k a coin. **630 \* $48,000 == $30,240,000.** + +Holy. Fuck. It appears to me that this morning, SHFs ran out of money to continue to suppress GME's price. Their solution? Sell their most speculative assets (cryptocurrencies) in order to get more money to continue their price suppression campaign. **90% of the dollar-value volume used to sell crypto and GME this morning can be found on the OBV of the above coin.** They are likely also selling their other crypto holdings to account for that other $3m. + +&#x200B; + +**Tl;dr:** I have found mathematical proof (or, at least, heavy suspected correlation) that some big player purposefully sold cryptocurrency this morning in order to raise enough $ to suppress GameStop's natural price action. My theory is that SHFs have run out of money to suppress the price, and are now selling off their other assets to delay the MOASS. + +I'm not a financial advisor, but my tits are jacked. + +&#x200B; + +edit: I was a bit overzealous with the title as many pointed out, "correlated charts and price movement" is probably more accurate. Deserving of the inconclusive flair for that alone, apologies for the slight clickbait. +I posted here yesterday asking for investing advice and got a pm from an throwaway account. +They said I should invest in BTC and I immediately assumed they were scamming me. I still held a conversation with them to see what they actually wanted. They told me to contact a private cloud mining rig called adiamondtransfer. +Clearly a scam. +I’ll send screenshots of the conversation. +The scammer is an Asian women (she sent a pic of herself with her phone) +Fuck it. I believe Ethereum is the future of finance. It was true last week and is true today. + +The future of ethereum is bright. Development on ethereum is lightning fast compared to bitcoin. We're getting layer2 scaling solutions to address fees and speed now. Uniswap v3 is coming, zkswap just hit 1 billion dollars in trading volume daily. ETH2 is just around the corner, and proof of stake will reduce power consumption and make the network more secure. + +Big dip or not, I genuinely still feel bad for the folks who don't know about ethereum, defi and the revolution taking place here that we all get to be part of. +First time posting but I’ve lurked here for a while. The husband and I (40m, 37f) just paid off our house almost 6 years from the day we moved in. + +We didn’t really hear about FI/RE until our 30s so I feel like we got started later than a lot of this sub’s members. Plus we have a toddler which is another huge financial obligation. + +A lot of our story is due to luck so I wanted to point that out. We got lucky with our jobs, lucky with our house, lucky with our families, etc. + +**Currently, our NW is $842,900 at age 40 and breaks down as follows:** + +**House:** $325,900 (bought for $225k 6 yrs ago) + +**Cash:** $45k for emergency fund and upcoming essential house projects + +**Retirement accounts:** $400,000 + +**529 plan for child:** $72,000 (had put $50k in 4 years ago; consider this complete) + +**Husband’s job also has a pension that will pay $3k/month when he retires.** + +**Our story:** + +We married young right out of college and basically only did company 401k matching until age 30. I had $15k in student loan debt but that was our only debt. We spent (aka wasted) all our money eating out and doing things with friends in our 20s. + +Then at 30, we decided to seriously talk about having a child (one and done for us) and read more into financial independence. Made a plan for our money and had our child. + +**Salaries:** + +**Husband’s-** $100k base, plus commissions, plus RSUs, plus flexible work schedule, plus company car we don’t have to pay for. There’s a lot of variability in his pay so one year may max out at $130k but the next at $200k. + +**Mine -** Left low-paying $25k/year job to be a SAHM once our child was born since my pay wouldn’t cover childcare costs. Earned money watching older/smaller dogs in my house while their owners were on vacation (around $500/mo income). I have a background in working with animals so it was easy for me to find clients. Then during my child’s nap-time, I built a digital business that’s picked up. So no income from that business for the first 3 years but now I earn $60k/year from it working from home. It gives me the flexibility to still be the primary caregiver for my child while bringing in extra $$. + +We basically live off of less than my husband’s generous base salary and everything extra goes into savings or paying off the house. + +**What’s next for us:** + +Neither of us wanted to retire super early. My husband doesn’t mind his job and has been there long enough to reach the 5wks vacation level. Plus his job is extremely flexible and provides a good lifestyle balance. The earliest we’d want to retire is when our child goes to college when we’re early 50s. So we still have 12 years until then. + +But it’s nice knowing that if for some reason that changes, we have enough saved that leaving isn’t as big or a deal. Our monthly expenses are really low without a mortgage and no other debt. Basically food, insurance, and property taxes. + +Now that the house is paid off, we plan on maxing out all retirement accounts, HSA, for me to start a Solo401k, and get into rental properties possibly, still undecided. A little different than what I’ve seen others here do but we’ve been focusing on Roth 401k and Roth IRAs instead of traditional because we want to avoid huge RMD’s we’d likely have if we went all traditional. Not sure if it's "right" but it's what we felt most comfortable with. + +We also plan on enjoying life as a family. We’re not into material possessions but love experiences. We want to do lots of overseas travel as a family now that our child is getting older. + +Not at our FI number yet but will definitely be before 10 years. While my husband does have a pension and we plan on mainly living on that mostly, we don’t want to rely on that fully without backup retirement savings in case something happens to it. We also need to have a job that covers family healthcare costs. But who knows, if my business keeps growing then perhaps paying for private healthcare won’t be as big of an issue. + +**Unexpected Expenses:** + +One unexpected expense is schooling for our kid. Our town had a lot of growth so the elementary schools are overfilled. We’re talking 25 + kids to a classroom that they had to get state waivers for. So our options are to send our kid to the overfilled public school and hope they learn (which is unlikely), pay for private school ($15k/year), or sell our house and move to the part of our city that has great public schools. But houses there are $800k + and the cost of maintenance is a lot. So it’s likely we’ll be paying the private school tuition at least through elementary while our town finishes building expansions on all the schools. + +I tried including all the info I see people usually ask about but feel free to ask about anything I missed. +Suppose you achieve FIRE at 35. Most likely you will spend the next few years travelling around the world. Eventually, you will get tired of travelling around and will decide to settle in one place. + +What's next? What are you planning to do for the rest of your life? +This isn't so much a complaint as it is an observation. + +Pre-covid, I would find people on airtasker to clean my 2bed, 2 bath apt for about $120. It would take them between 2 and 3 hours. + +Now, I struggle to find anyone under 200 for the same task. + +In other words, I now clean my own house! I appreciate that's now what the market sets, but jeeeezus. + +I also must say that I appreciate how privileged I am to be able to afford to have had someone clean my house for me, but I work long hours to be able to afford it (or at least did). + +Anyone else find this? +*SPOILER* The Big Short vs GME comparison (SKIP IF YOU DONT WANT TO SEE SPOILERS) + +1. Michael Burry is running some numbers, finds anomalies, and realizes that people will default on their mortgages creating a huge housing collapse. *DeepFuckingValue is browsing stocks and finds GME is way over shorted and that the stock is far undervalued and the shorts would need to cover.* + +2. Michael Burry puts his money where his mouth is and puts a 1.3B dollars bet based on his gut instinct and belief and buys Credit Swaps. He suffers ridicule and doubt from his colleagues and peers for a very long time. *DeepFuckingValue puts a $50,000 bet on his research and gets ridiculed beyond belief on WSB for his monthly updates for hodling GME for over a year* + +3. Other people begin to realize the housing market might be propped up on a bunch of bullshit loans that will never be paid back and come to the same realization as Michael Burry. *A bunch of apes start to dig and realize DFV was onto something.* + +4. Investors hire a realtor to drive around housing neighborhoods and find that there are neighborhoods completely vacant, or visit low paid workers who have 5 loans for 5 houses who cannot pay their mortgages but received loans. *Apes search the web and continue to find that the available GME shares to buy on the float are naked shorted at 140% and this is a scenario that shorts will HAVE to buy back the float.* + +5. Other investors buy credit swaps to short the housing market based on their research. *Apes pour in and buy shares of GME based on their research.* + +6. People begin defaulting on their loans as expected creating a huge issue for the banks. *GME begins to increase share value because of mass apes buying and the shorts can’t cover as it becomes expensive.* + +7. The banks tell the public and the investors that people are defaulting, but the mortgage backed securities are still rated at AA so they are still good. *The media tells investors and the public that Melvin Capital is doing impressively well even though they received a $2B dollar bailout from Citadel.* + +8. The banks push the narrative that the mortgage backed securities are rated AA even though the underlying securities are beyond fucked, and they push hard buy back the credit swaps from the owners of the credit swaps. *Media continues pushes the narrative that GME is dead in the water even though GameStop continually has positive news (no debt, lots of cash, decent revenue, expanding. New management), and retail needs to exit to save their money.* + +9. Michael Burry tries to call the banks to get his money because it is public news that the defaults have happened. They don’t answer his phone calls. They make excuses that the servers went down and their networks were down. *We’ve seen the buy button go grey, Reddit go down, brokers like RH make securities not tradeable due to server issues, and some brokers like Schwab who said their servers couldn’t handle the traffic on Jan 27th (complete BS).* + +10. The banks collapse. They can’t keep it together and pay out all of the investors who bought credit swaps. *THIS IS WHERE WE ARE. THEY CANT HOLD FOREVER, WE JUST NEED TO BE PATIENT AND HODL OUR PRECIOUS SHARES. REMEMBER THE DD.* + +Edit: from u/ismybostonadogorapig +I want to add to your point 9, that on 5/5 the Consolidated Tape Association (CTA) had issues and had to reset the tape, and that on and around those days 30-50% of volume was adjusted after hours. SUS + +11. The banks get bailed out, and only one person goes to jail. *This will be the same.* + +We are at the end game fellow Apes. We will prevail if we trust the DD and hodl our shares. SHORTS MUST COVER. The credit swaps were a bet with 10:1 odds so their payouts in the 2008 housing crash were set. Our payout is determined by our diamond hands and what our average sell price will be. + +Hodl your shares as this can’t go tits up. They’ve been fighting us, creating FUD, and trying to get us to sell our shares back to them at a cheap price. THEY WILL TRY IT AGAIN SOON. Expect a run up to $1,000 or $5,000. Expect a massive drop. Expect them to create fear. This is what they do. Hodl your shit. They are going to do anything to get our shares for cheap. + +Print out everything. Print your current shares and positions. Keep track of it during the squeeze and document all you can. + +As our beloved Marvel characters said in Avengers, “we are in the end game now.” + +Edit: remember, the credit swaps were fixed payouts of 10:1. There is no fixed payout here for GME. There is no limit to what the payout is. It is truly going to be determined by us who hodl these. Hodl for 10,000%+, 100,000%+, 1,000,000%+ +Last year **Overstock ($OSTK)** issued a crypto dividend (hmm, wonder why GME paid off all its debts early, they can now issue dividends). + +By creating a custom crypto dividend this would force **ALL** shorts to cover due to the fact *Ole Ken sucks toes, Melvin gobbles gilfs, and Vlad the queer beer* wouldn’t be able to provide the crypto as *only GameStop could provide the crypto.* + +So let’s do some simple meth *ahem* I meant math 😳 on Overstocks little teaspoon of a comparison fucking squeeze. + +$OSTK on March 13, 2020 was trading for **$3.23** and just five months later on August 21, 2020 it went up to a *juicy* **$121.09** damn that’s a sexy squeeze right? 🌚 + +[Overstock before the squizzle ](https://imgur.com/gallery/mDUE43j) + +[Overstock after the squizzle](https://imgur.com/a/IqxHQnR) + +Well guess fucking *what* mate the short interest was only fucking 13.8%...there was **5.8 million shares shorted out of 42 million** + +So that’s a *3,749%* increase in price. + +*Hehehe, here’s where the fun begins* + +So let’s take the minimum amount of short interest we have based off institutional holdings and all other calculations us *wrinkle brained chimpino apes have done* and let’s assume the minimum short interest calculation we have to work with is only **140%.** + +Now we’d have a **38,033.33% increase at GameStops current fucking price.** + +After hours close as of 4/16 is at $160.99 so using these calculations for the **minimum** projected squeeze target is **$61,229.33**. +*Hot damn this isn’t even including FTDs, OTC shares, all the other bullshit hedgies have thrown into our glorious oven where the tendies are being fucking baked and seasoned to perfection.* **Assuming all the other seasonings for our tendies our projections of 1-10-100 million are NOT “unrealistic targets.”** + + +Now let’s also take a look at the ticker **$DGAZF** + +The stock had a short interest of **45%** and went from a mere $400 a share all the way up to **$25,000** a share. + +[DGAZF Squizzle dawg 😎](https://imgur.com/a/9JUYdra) + +So, take a chill pill, a boner pill, maybe some whiskey or rum, or suck a big 🐔 (*if you’re a shill*) and wait for the **largest redistribution of wealth in history to occur.** + +I also want to discuss how there’s a large influx of shill posts trying to stir drama for no reason or karma farming posts that have no true worth. *Take a step back before posting and ask whether we can take something away from your post or you’re just going on a pointless rant.* + +**Let’s get something very clear: when someone says that their FLOOR is XXXXXX that does NOT mean it is the CEILING, PLEASE KNOW THE DIFFERENCE BETWEEN A FLOOR AND A CEILING.** + +*Thank you DFV for staying true and giving the 99% hope. I’ve lost my job this pandemic and it’s been tough mentally but once this rocket takes off I will never forget the unity we’ve had on this sub...I will get a tattoo as remembrance once we hit over $25,000. I vow to make the world a better place, as well as many other 💎🙌🦍 So cheers everybody, here’s to new beginnings, a brighter future for the world as we know it, and let’s never forget where we came from.* +I know I need to consult an expert(and I will), but was wondering if anyone had some insights. + +I recently learned that a property in New York is "mine" through a generation skipping trust. I had always thought it was my mother's and that upon her passing, it would receive a step up cost basis. + +This property was bought for around 400k and now is worth around 4 to 5 million. + +I can't seem to find a way to diminish the huge capital gains bill from an imagined sale. I don't want to live in this house, and would love to have the funds. + +A 1031 seems improbable, and a IDGT doesn't seem applicable. + +Anyone have ideas off the top of their head? + +Thx! +I'm going to say that it's interesting because N302AK landed at 2 AMish on the 16th in London, where he was until the 18th when he went to Monaco, where he has been going lately. Then of course he flew from Monaco to London, then back to the USA. + +&#x200B; + +https://preview.redd.it/bmtonvaz9po71.jpg?width=1713&format=pjpg&auto=webp&s=a380674cdca02f50b3baeb079fe60cf14275d6a0 + +&#x200B; + +At first I thought maybe they were all in a live meeting which would have been interesting because if they were in a live meeting it \*could\* mean that their travel to these locations before could have been meetings with the same officials. Some other apes had even mentioned him meeting with Chinese officials as a possibility which is interesting as hell given the shit going on with Evergrande. + +u/cruxhub brought to my attention that it was said to have been a virtual roundtable, however I still would wager there could be a chance of some being in person, and some attending virtually as we see with congressional meetings. + +&#x200B; + +I am going to link the [article](https://finance.yahoo.com/news/china-wall-street-meeting-focused-092729599.html)....but I'm going to fucking copy and paste the article here because this shit is important. Look at who the fuck is in attendance. + +&#x200B; + +>Chinese financial regulators and Wall Street executives discussed pursuing transparency and long-term stability at a top-level virtual meeting amid rising market turmoil and political tension. +> +>The three-hour meeting of the China-U.S. Financial Roundtable on Thursday included the head of the People’s Bank of China, and executives from Goldman Sachs Group Inc., Citadel and other Wall Street powerhouses, according to people familiar with the talks, **who asked not be named because the meeting was private.** +> +>They also agreed to continue a two-way dialog and increase inter-connectivity, while the importance of consistent rule making was also discussed, the people said. +> +>The meeting marked the resumption of the roundtable that was first convened in September 2018. Global investors have been unnerved by a regulatory onslaught from Beijing targeting its biggest technology companies and other industries as well as a push by President Xi Jinping to create “common prosperity.” Billions of dollars in potential profits are at stake for Wall Street, which has been expanding in China as the nation opens its financial markets to investment banks, wealth and money managers. +> +>Attendees included Ken Griffin from Citadel, Abby Johnson from Fidelity Investments, Blackrock Inc.’s Larry Fink, Blackstone Inc. Chairman Stephen Schwarzman and John Waldron, Goldman’s president, among others, the people said. +> +>**Media representatives at all the firms declined to comment.** +> +>China Securities Regulatory Commission Vice Chairman Fang Xinghai, PBOC Governor Yi Gang, and Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, were invited from the Chinese side. + +&#x200B; + +What the fuck? Media at ALL firms declined to comment? What the fuck? + +&#x200B; + +Also....people "familiar with the talks". That is fucking plural. With an 's' at the end. For you smooth brained apes that means happening on more than one occasion. Which makes it even more apparent that the similarity in travel and meetings on this flight could correlate to other travel patterns. + +&#x200B; + +&#x200B; + +Also note that no where does this state that this is a government level meeting. Note who fucking pushed it and who was in attendance. + +&#x200B; + +How the fuck is this not [economic espionage](https://www.fbi.gov/news/testimony/combating-economic-espionage-and-trade-secret-theft)? + +&#x200B; + +https://preview.redd.it/cmftlqtpcpo71.png?width=1913&format=png&auto=webp&s=d938301dc16d0db5c93795de933965dc9f009e24 +https://stocksregister.com/2021/04/15/top-moving-stock-now-gamestop-corp-nysegme-4/ + +Two questions: where can I buy their time machine and do they accept fractional GME shares as payment + +Edit: screenshot for those who can't access the article - https://postimg.cc/CBLJkwY3 + +Edit: close, but no dice. Predicted price was 154.07. Price as at closing (according to Yahoo) was 156.08. Google states 155.19. +I saw a thread today, and multiple in the past. + +I've worked for 3 of the 4 major carriers in the states. Here are some best practices: + +- If your account has the option, add extra security of having to verify the 4-8 digit passcode every time you go to a store or call in + +- Have customer service leave a PRIORITY NOTE on the account stating "No one besides the account holder is authorized to swap sim cards - account holder must be in store and verify 4-8 digit passcode" + +- Setup a sim pin in case your phone is ever stolen. Scumbags will put your sim card into another phone and if they have any of your info it is basically game over. + +- Create a FREE number with Google Voice. Google Voice is a free call forwarding app which allows you to call and text while not charging you. While my number is actually 1234567890 I have a GV number that is 0987654321 and I give that out to banks/whatever. Google Voice numbers cannot be sim swapped. Even if you are sim swapped, the person doing so will have no access to your Google Voice account. + +Stay safe. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[Daily Discussions](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot) | [DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Possible DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot +) | [Discussion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot) | [Question](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot) | [Education & Data](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot) | [News & Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot) | [MEGA Thread](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot) | [Social Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot) | [HODL](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) | [Meme](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot) | [Fluff](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot +) | [Opinion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot +) | [Shitpost](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot) | [Art & Writing](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot) | [Stonky Pets](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot +) | [Daily News](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&sort=hot) | [SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot) | [AMA](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot) | +| [Moderator](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot +) | [Red Seal of Stonkiness](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +Hi everyone, + +I have two credit accounts and they both **currently list my annual salary at $80k. However, I just got a huge raise and I'm now making $120k/year.** + +I currently have an 800 credit score and never really even get close to my credit limits. Nonetheless, with this massive increase in salary, I'm sure that I could have my credit limits greatly increase which would really lower my credit-utilization. + +**However, these credit limits will have my credit score get hit with a "hard pull/inquiry"** which could knock down my credit score short term? + +**What should I do?** Is it worth it to increase my credit limits but potentially have my credit score lowered temporarily due to the inquiries? How long until the score might bounce back up? +My husband and I took Dave Ramsey's class before we got married. Dave is ADAMANT that people pay for their cars in cash. Both of our cars are now crapping out. We've put 4000 into my husband's car (only worth 2000ish) just since January. We can afford to make repairs but not buy a used car outright. We're expecting that both of us will need to purchase a car by next winter. Is buying a car and having a car payment really that bad? Any advice on timing is appreciated. +[Blue Apron Slashes IPO Price 34% as Amazon-Whole Foods Looms](https://www.bloomberg.com/news/articles/2017-06-28/blue-apron-meal-kit-company-slashes-ipo-price-to-11-a-share) + +I had planned on making a small first-day play on this (the occasional IPO first-day trade is the only day-trading I ever do and it's always a relatively small amount that I risk). However, this news has scared me off. Will anyone be taking advantage of this potentially reduced price or does this news reinforce beliefs that this is a stay-away company? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I'm generally a long investor and have been in the market for a couple years now. I've realized that some stocks were way overvalued à few weeks ago. Yesterday morning I took a short position on Zoom (ZM), 50 shares @ 427. I've always been turned off by the idea of shorting because losses are theoretically infinite but the stock is so overvalued and after thorough research by myself I finally decided to put money on it. (not financial advice) + +As I predicted, it went down, but way more than I expected, and at $340 I bought the shares back to close out the position. Although the gains aren't much, and this aspect of trading is new to me, I am pleased with my research. I'm gonna stick with long trading for the time being, because shorting is still a sketchy tactic which, I'll be honest, still kinda spooks me + +**Edit: For everyone saying I should've gotten put options:** + +1) You're right, and I realize that now, in hindsight + +2) I honestly didn't expect it to tank this quickly. Logic deemed it would but I expected it'd be over the course of weeks, not hours. The tolerance I had given myself (in case the price went up by a certain amount), would in essence be the same as the premium on an option, and + +3) I'm not very experienced in options trading, other than selling CC's on my own shares +Hey Everyone, + +I've seen this question come up a few times here with different answers and it's worth flagging given how popular spreads are and how different brokers handle early assignment. + +Robinhood does not technically allow short positions on equities. If both your short and long leg are in the money and your short leg is assigned, Robinhood will auto-execute the long leg in order to cover the short leg. I confirmed that with their rep, even if both legs are far away from expiry and the spread itself has significant value left. + +For example, let's say you have a bear spread selling a call on RKT for 20 and buying a long call on RKT for 25, and the current value of the spread is -3.00. If your short leg is assigned, Robinhood will instantly make your spread worth -5.00, a massive proportional loss depending on the size of your investment. + +Other brokers handle this differently (e.g., open a short position, and let you sell the call options) which means that the next day, you could actually be picking up a premium for the assignment rather than max loss. Only lost a few hundred on this, but don't get stuck on the wrong side of it by losing a few thousand. + +Edit: Proof of positions and dialogue was submitted and read by the mods /u/PapaCharlie9 +There's another post about BAT earnings in BRAVE, and many comments discussing how to withdraw the earned BAT tokens, and how the tokens are "worthless" because difficult to withdraw. + +**My take on this is: Don't withdraw your BAT tokens earned in Brave. +Instead, set up the auto-contribution that rewards websites and content creators with your earned tokens.** + +10 bucks a month is a rather small amount for us to collect, but it goes a long way to reward your favorite content creators on the Internet. People who would otherwise rely on ads (that brave hides...) or spontaneous donations. + +Personally, I rarely contribute to anything online and always get the free content because I can't be bothered making payments - even if sometimes I feel that some content creators deserve a reward. +But with BRAVE, this is done automatically for me. +**This is decentralization. Support it.** +Reddit, I need advice. Maybe this belongs in r/legaladvice, so if I need to leave let me know. + +I've been dating my gf for 2 and we moved in together a year ago. About 6 months ago I got hurt and was laid off. We ended up being in a real bad spot and had to leave our apartment. We could have gotten a hotel, which wouldn't be very financially beneficial but her family said we could stay with them. Before I ask my questions Heres a little back story. + +She always told me that she and her mother never got along and that her mother was money hungry. I figured she was blowing it out of proportion. Gf has two siblings and all three of them are in their mid 20s. From the day each of them turned 16 they were told to get a job and anything they wanted other than housing they had to pay for themselves. Doctor, food, car , gas, insurance clothes etc. + + For example my girlfriend was very ill when she was 17 and had many doctors visits and surgery that cost her over 5,000$ out of her own pocket. + + The only thing that they helped her with, other than housing was her college. They would pay for it, and she would repay them with no interest. Sweet deal. Right? + +So here's where things get bad. + +The first week was rent free. Hell they told us it would be rent free. The dad makes well into 6 figures. But after a week she came to us and wanted 50$ from each per week. Then $100. Now it's $200 a week. We're paying more now to sleep on couches in different rooms than we did for our apartment. Yes this infuriates me, but this isn't my real concern because we are leaving when we get our tax return in two weeks. + +She sat us down and said when we move out she still wants $200 a week from her to pay off her "her bill." That's ludicrous. I asked her to see the book she writes down how much my gf had given her so far and what was owed and this is where it gets scary. + +It was a spiral notebook with pages and pages of things written in pencil with no rhyme or reason. + +Evidently, among other things, my gf owes her mom for: +•4 years of gasoline at 20$ a week +•60,000$ for surgery +•100,000$ for private school and college + +Etc etc. +She's literally trying to charge her for every penny they ever spent on choosing to have a child. My gf even paid the deductible on her own surgery, but her mother wants the full value of the surgery that insurance paid for. + +So this is what I wanted to ask. She informed us she would sue her if she did not pay the amount she wants. She's crazy. Right? Please tell me this is crazy because I feel like I've moved to crazy land. + + I told her that she should pay the amount that Stafford student loans would ask for. Hell, give her $200 a month. But no way in hell should she be paying for gas money from before she could drive, or surgery insurance paid for, or the utilities etc. + +I wrote this on mobile, I will edit it and answer questions. Maybe there's no advice you can give. I'm just angry and afraid for her because I realized she wasn't lying when she spoke about her mom. + +Edit: I have no family hence why she has me by the balls. I have nowhere to go. She made a comment once, "well ya can pay the $100 a week because it's not like you have anywhere to go anyways and you used to pay $750 in rent." Bitch I know how much I paid for rent but this is a couch I'm sleeping on. + +No, she has signed no contracts. + +No, the dad won't do anything other than relay her messages and cave into her every demand. + +We are leaving asap. Her worry was repercussions afterward. + +I have every intent of giving her hell once were out. She's making my life hell right now and I'll return the favor once I can do something without getting thrown into the street. + +Edit 2: the "student loan" was her parents paying out of their bank account and her reimbursing them. Not an actual loan loan. + +And yes my gf wants to cut ties. We will as soon as we're gone. She was just afraid of legal issues. + +Shit this blew up fast. I didn't expect that many replies. I'm working so sorry I'm slow on replies. Now I'm worried someone is gonna see this and run and tell her! + +She had spies everywhere. + +Edit 3: + +I posted this but it's stuck down at the bottom. I'm finally home so I can update correctly. + +Thanks for all the positivity everyone. I was at work and this thread exploded. She's just an evil woman. +I wasn't a good guy in the past. I have a record and was a drug addict. I can't get the best jobs but I've been clean for a long time and work hard at being a good person, and work hard at life. +I love the woman I'm with and told her up front of my past and she accepted me for who I really am. + +So here's an update. I paid the bitch yesterday my rent. It normally goes in a cycle. I pay, then she bitches about something and then mellows out over the next 2 weeks until I pay again and restart the cycle. +So I get off work and pick my lady up to go to the store. Evidently right after I left the bitch phase started. + +She told her: +•You know he will never make much money +•He's unmotivated (I work every hour I can and pick up every shift I can and put in applications and go to every interview but my record makes it hard +•he sleeps too late (9am, lulz) +•I never help around the house and it takes constant nagging to get me to do anything (uh, no.) •all her friends hate me and don't approve +She told her to keep it confidential and not talk to me about it. + +Basically, this bitch is crazy. She lies to attempt to make us fight. She's just so unhappy she wants to bring everybody into her shithole mood. + +But, I love this woman (not the mother) and will marry her one day. I can deal with her shit until we move out. +We just had a talk about even going to one of those shitty by the week hotels or something. Fuck. As much as we're paying for a couch we might as well. + +But I'm so mad now I can't see straight. I can't wait until I can finally give her a piece of my mind. I'm gonna say some shit that's going to make her feel bad and she won't even know why. + +I'm not one for revenge or stooping to others level but she has treated me like scum and slandered my name and taken advantage of me for no other reason other than I'm not catholic, I'm not rich and I struggled in the past. +Isn't it ironic that a Christian would treat another Christian like this just because they're different denominations? Fucking blows my mind. + +Edit 4: Thank you /u/idarin for the gold! My first ever. Pretty neat. I feel cool now. Still messing with my head how high up on the list this has gone. Thanks everyone! +If you’re in the accumulation phase of investing and trying to maximize your return, covered call ETFs have not done well the first ten years of existence. + +The past doesn’t predict the future, but it often rhymes. Will covered call ETFs outperform similar portfolios over the next ten years, nobody knows but it seems more people are betting they will than they won’t if assets under management is any indication. + +All data taken from ETF fact sheets and are cumulative returns assuming all distributions are reinvested. + +- [ZWU](https://www.bmogam.com/ca-en/advisors/zwu-bmo-covered-call-utilities-etf/) **Covered Call Utility**: MER 0.71%, eligible dividends 38%, ROC 54%, **5 year 35.26%, 10 year 69.63%**, 76 holdings and $1.8 B in assets. + +- [ZUT](https://www.bmogam.com/ca-en/advisors/zut-bmo-equal-weight-utilities-index-etf/) **Utilities**: MER 0.61%, eligible dividends 41%, ROC 10%, **5 year 76.19%, 10 year 149.95%**, 16 holdings and $0.5 B in assets. + +- [ZWC](https://www.bmogam.com/ca-en/advisors/zwc-bmo-canadian-high-dividend-covered-call-etf/) **Canadian Dividend Covered Call**: MER 0.72%, eligible dividends 41%, ROC 59%, **5 year 40.49%**, 10 year n/a, 99 holdings and $1.5 B in assets. + +- [ZDV](https://www.bmogam.com/ca-en/advisors/zdv-bmo-canadian-dividend-etf/) **Canadian Dividend**: MER 0.39%, eligible dividends 73%, ROC 27%, **5 year 55.72%, 10 year 111.07%**, 51 holdings and $0.9 B in assets. + +Edit + +- ZWB Bank Covered Calls: MER 0.72%, **5 year 53.57%, 10 year 161.30%**, 42 holdings, $2.7 B in assets. + +- ZEB Banks: MER 0.28%, **5 year 72.72%, 10 year 217.48%**, 7 holdings and $2.8 B in assets. +So I noticed that with wealth-simple trade, it takes years to fill limit orders and market price orders fills out quick, so sometimes I do market price orders but I noticed that they are charging me more than the market price. + +Their market price display is 15 mins late and doesn’t reflect the real market price, but when you go and do a limit buy or sell, they tell you your limit buy or sell is under or above the market price when in reality it’s not and they are just late. (They should let new investors know about this, I fell victim to this as I used to do market price order) + +I think the app still needs lot of changes before people can really use it. And fund transfers take years. + +I now use questrade more, my orders fills out quick, I can refresh the current market price of a stock and check bid/sell amount. + +What do you guys think? + +I wanted to join TD but the commission is kinda high. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +TL:DR. The DTCC as a collective can absolutely cause a fake squeeze. This is not a squeeze until its 100,000+ and it is not the MOASS until its 1,000,000+ and how far it goes is entirely dependent on how much apes decide to diamond hand. + +TA:DR. Buy (if you can) Hold, Buckle up, and expect all manner of fuckery + +There is a theme I have seen come up quite often and I would like us to have a discussion about it. + +People say that once it gets passed X amount - a few thousand, then marg will be calling and it will be game over. + +THIS IS FUNDAMENTALLY WRONG. + +Like, are you fucking serious? At this point of the game, you actually think there are things that they CAN'T do to the market? + +1. IF, the house of cards is as big as our DD suggests. +2. IF, the major players are as interconnected as we think they are + +# THAT MEANS our opponents are every major institution in the DTCC; If not the entire DTCC itself. + +We are talking about bankrupting hediges and market makers until the DTCC feel it. You don't think they will band together to protect that? + +Now, They have shown they can limit buying (I don't think they will again). They have shown they can flood the market with fake shares they have shown they can do pretty much whatever the fuck they want. + +The DTCC said to congress that they **\*waived additional margin requirements in January\*** + +You don't think they will waive those requirements to prevent margin calling? + +&#x200B; + +So, they let the price go to 15,000. They flood the market with "volume" on the way up and down to make it look like covering. They announce some hedgies go bankrupt. The price crashes back down. The squeeze is over. + +The collective will of the DTCC is absolutely able to make that happen. + +IMO this is not a squeeze until its 100,000+ + +This is not the MOASS until its into the 1,000,000+ + +If this is going to be a squeeze or the MOASS is entirely on what you have the fortitude to diamond hand through. + +<3 you Apes + + +\*Last edit - depression and shit. If im wrong, that's great! Not trying to spread FUD. Im just wanting Apes to be prepared for criminals to do criminal shit that is currently regarded as "impossible". + +I think underestimating them would be a terrible mistake. + +\*typo's and stuff and TADR + [http://fortunenewswire.com/dea-takes-some-cbd-off-schedule-1-as-aphria-global-consortium-aurora-expand-us-and-canadian-operations/](http://fortunenewswire.com/dea-takes-some-cbd-off-schedule-1-as-aphria-global-consortium-aurora-expand-us-and-canadian-operations/) +**Hello! Welcome to /r/StockMarket** + +Welcome to the fantastic world of investing where there is infinite to learn and infinite to go. The problem with giving advice on finance is that there is not a proven system that works. You need to find what works for you and work with that. First of all, I would recommend searching around on the financial subreddits for new people posts and reading them. The question has been asked thousands of times, and there are tons of amazing answers. Otherwise, here is my short-take. + +In finance you need to read. That is how you learn, how you get information, how you find out new developments in the market. All of the information. Books, news, financial statements, press releases and earning calls. Read everything. You will find hundreds of words you don’t understand, so look them up (investopedia has a majority of them). In the beginning you will struggle, however, as time goes by, you will start to understand. If you do not like reading, learn to like it. There is no way around this. If you find yourself investing without reading tons, you are going to lose. + +**Reading** +I recommend reading the 10Q document (hard), conference call transcript (easier) and the shareholders presentation (easiest) of your favorite public corporation. You can find it on their respective investor relations page. Other than that, without exception, anyone attempting to understand the huge complex thing called the stock market, I heavily recommend reading “One up on Wall Street” by Peter Lynch. It is a true masterpiece, and it is very easy for a newbie to read. Enjoyable, teaching and fantastic. After that I recommend The little book on common Sense Investing by John Bogle (best book on funds) and the intelligent investor by Ben Graham (“thick” but king. People like recommending it as the first book, but I think they are stupid). + +**Doing** +Then after you have started learning, it is time to start doing. As you start out, you should consider two things. Indexing or stock picking. 90% of people should own indexes, but people truly interested should look to specific stocks. + +**Exchange Traded Funds** +These are ETFs like $VOO, $VTI, $VWO and $VOOG, and is a way to take on the least amount of risk while still gaining along with the market. You get a wide basket of stocks, focusing on things like the S&P500 ($VOO), which is an index of large (minimum 6.1 billion USD) US companies. Historically, you can expect 7% annual gain here on average (some years might be up much more, or even in the red). That’s realistic. Anything offering much more than that without risk has tons of risk without disclosing it, per definition. $VOOG indexes growth companies, focusing less on the giants and more on the up and coming. $VWO focuses on emerging markets, getting places like brazil, russia and all over asia. Indexing is by far the best choice, and will very often gain you a steady growth. If you disagree with this you must get John Bogles take on it, the founder and former CEO of Vanguard. Best way to do this is in the book recommended above. The final and great choice is $VTI, which is the global basket which contains the market as a whole. It will never be a mistake, even if performance may vary. + + +**Stocks** +Buying individual companies through common stock is much harder, and the process is really tough. To put yourself into that, you need to be ready to put in some serious work, and the process is much more complicated than I could explain here. Here is a Due Diligence (DD for short) checklist to evaluate a company. That said, it is simplified to the point of worthlessness really, while being a start. Before you make a decision if you should own a company or not, you must know these things: + +* What does the company do? +How do they earn money from that? +What is the edge or competitive advantage of the company? +What prevents someone else to just out-compete them by spending more money? + + +* How are they priced now? +What does their stock costs, and what does that make their valuation (Stock price * Number of shares = Market cap (company market value)) +What does that market value imply? +If they are high priced, high growth & returns are expected. Is it likely that they will complete that or even do better? This is what would move the stock price. + +* What are the company's competitors? + What makes this company a better pick than the competitors? + +* Understand their balance sheet! + What is their net cash? +How leveraged are they? +Is inventory increasing or decreasing (inventory increasing faster than sales is a horrible sign)? + How solvent are they? +What's their book value? +What do these numbers actually imply about the company? + +* Think about growth and developments! +How does their best case scenario look? + Same for bad scenario, good scenario, worst case scenario and realistic scenario. How likely would you say each scenario is? Try to find facts to back your hypothesis up! + + +**Questionaire** + +Lastly, and honestly most importantly, here is a list of things you should ALWAYS be able to answer before buying a security, equity or derivative: + +* Why am I getting this instead of an index? Where is the upside? +* If the stock goes up, what action do I take? When do I sell? At what price or % gain. +* If the stock goes down, when do I sell? At what % loss or a price. +* What risks are there? How does the worst case realistic scenario look like? +* Why am I making this investment right now? Is there a better time? +* What exactly am I buying? + +And finally, always, without exception, perform your own due diligence. Don’t take advice from other people without understanding the situation yourself. I never give advice what to do, I make it a rule to just spread my viewpoint & strategy. If you have to ask questions, you should not own the equity. Ask about what you do not own. If you have to ask questions about an equity you already own, you have messed up. Try to not mess up again. + +**Oh.** Remember, you will get cocky. You will get greedy. We all do. Everyone thinks they can do it all and make the cash rain. WHEN that happens (not if), make sure you follow your system, because without the system, you will lose over time. + +Welcome to the market. +You can find links to my other write-ups posted on this sub collected [here.](https://www.reddit.com/r/Lykosen/) + +/u/lykosen11 + + + + +Zenon is implementing a fully decentralized dual-coin mechanism. The coinmetrics are designed to achieve a Mint-Burn equilibrium for ZNN and QSR as the first dual-coin architecture of its kind.The first use-case of NoM would be to power decentralized infrastructure services that will support further development of next-gen web3 applications. The hybrid applications built on Zenon will fall under a variety of use-cases, covering anything from decentralized storage solutions to DeFi or IoT. + +What is it: + +Incredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain. + +Who does it: + +This is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu. + +Square will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards. + +Its open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over. + +Testnet is live and not very public yet. Large exchanges expect payment, and/or the coin to already be established within the cryptosphere. Also you can earn passive income on your $ZNN Avg 55% APY. No need to send it anywhere stake it yourself on your own pc. + +You have been warned. +So after the recent binance's scam-behavior with users trying to withdraw ALGO, and already having heard of accounts getting locked etc, i'm very concerned about it. In my country there are some national crypto exchanges not known in the rest of the world. Had already tried some of them, but most are annoying, have just a few coins listed, and worst of all: very high trading fees AND withdraws, ranging from 1%\~2% + +So when i discovered binance was very attractive because its easy, there's a lot of options, stacking, the highest volume and very low fees - which i like most, because i trade very very low $ volume. But after these events etc of course i don't want to lose my money like everyone else, and i'm not intended to keeps withdrawing to wallet everytime cause as i said, i trade low money and the fees ouuuch + +Which exchanges are you guys using? + +I have heard of coinbase, kucoin, coinex, OKEX, kraken and many others + +but i have no idea which one i choose, some research still lets me in doubt because, even liking comparison, i think these comparison websites can be manipulative. + +I am most interested tho in Kucoin because its token is growing fast, does it worth? + +Which are the most trustful exchanges out there? +So I a few weeks ago I finally decided to move all my ETH to my cold storage wallet. Being a paranoid fuck, I decided to test with a small test-amount first. + +Turns out I had accidentally copy/pasted the wrong address. The test amount never arrived. Thankfully, I only lost about what was then €15. Otherwise I'd have lost all my ETH that I've been accumulating since 2017 which would have made me very angry. + +Just goes to show you how it's really good practice to first do it with a test amount. This technology is still young and you have no protection against these kind of dumb typos. +Wondering if some smarter folks than myself can help provide some context. I haven’t seen this discussed and I think it aligns well to some of the 7/14 theories we’ve been seeing. + +As far as I understand from what Wes, Dave, Dr. T etc. have said - a married put scheme to reduce SI% and kick the can down the road ends with both sides tearing up the contracts a few days before expiration. Today, and until they’re torn up, these contracts are essentially “promised” shares to cover shorts. + +Once they’re torn up, does another round of contracts need to be purchased immediately? Do the uncovered shorts enter another T+ cycle? Can they pre buy contracts today and assign them to these shorts now? Or, with the new rules (I forget them all), is the can kicking ability halted? + +I guess what I’m trying to get to is this: I’ve been disappointed by every date so far, but I’m happy to get hype for 7/14 given the large number of coincidences we’re uncovering. If RC understands the married put scheme then he’d understand these contracts are torn up a few days before 7/16 expiration. If new rules, etc. prevent can kicking that means SHF’s are going to have to cover ~30M shares at some point. If you’re launching your company transforming blockchain the same time 30M shares need to cover that’d be a hell of a potential catalyst. + +Any thoughts/opinions/wrinkles are appreciated. RC would have had foresight after the Jan sneeze to see the SHF’s move and this could have always been his counter. The fact it’s Bastille Day could just be somewhat coincidental to the overall scheme, but now certainly important in terms of dropping hints. +My wife and I were both teachers, about 5 years ago she became permanently disabled and has not worked since. She is applying for disability but it could take years. I have been left as the only one who can make money and even though I work two jobs we have suffered greatly. Our house was foreclosed, credit destroyed, and I have absolutely no savings. + +I love my job, it's a great place to work and I have been there for over a long time. + +Because I work and make just enough money we don't qualify for things like food stamps, Medicaid, housing etc. + +I feel trapped and hopeless. + +Any advice would be greatly appreciated. +I'm starting to firmly believe that Citadel is **actually** fucked. Not fucked as in financial trouble, fucked as in they're going to jail. + +* We know there has been an investigation involving Gamestop and other entities (likely Citadel, RH other brokerages) +* We know the "report" did not talk about this investigation, **at all**. * +* Gamestop has not responded to anyone about the official ledger since? I dunno, since this whole thing started I suppose. +* Burry was subpoenaed in September. +* Burry was 100% involved in the 2019 (or 2020) Gamestop buyback per his tweets. He wrote open letters encouraging them to do so. +* GG has not updated his schedule since September. +* GG has met with top banking execs who INCLUDED their entire legal team. +* SHF has announced they've banned hiring Citadel employees? Why? Likely because they're all under investigation???? + +Something is brewing. My only concern is these investigations usually take years to play out. + +edit: + +* Citadel announced today that James Yeh, President and Co-Chief Investment Officer, will retire after a distinguished 25-year career at the firm. +I see you realpulte. What was it you said in an earlier tweet, something along the lines of, “I’ll buy more GME when the time is right but now’s not the right time.” + +Then what did you tweet two days ago: + +“Big announcement is still ON for tomorrow!” + +And today: + +“MOASS is literally trending on Twitter every day these days. I will be buying more $GME on Monday” + +You sly Fox, you cloaked that shit as an impulse buy, you’ve been playing a little 4D chess yourself haven’t you my friend. + +Now I’m not on Twitter but I jumped into that cesspool for a minute to scroll your profile jand what do I see but pure unadulterated altruism, just streams and streams of goodness. And sprinkled in that euphoria we find a few GameStop tweets. Kind of makes me wonder if you’ve been in this thing from the beginning and GME is your ode to joy. + +RC knew BCG was like a level four boss and I’m sure he knew he could find good people with lots of capital who’ve been adversely affected by this criminal syndicate. + +You’re a good, dare I say great, person with loads of capital and Pulte Homes had to oust BCG before they killed your grandfather’s dream. + +But there’s more, your a philanthropist. You appear to want to do the most good for the greatest number of people. + +GME is a movement into decentralized currency that weakens the parasitic oligarchy and does an unfathomable amount of good for every person alive today and for each successive generation after. + +You’re not here for a short squeeze, you have more than enough money, you could support this from your pulpit without investing a dollar and still make a positive impact. You’re here because RC laid his case for the digital Revolution. You’re here to help make sure this thing prevails in the face of pure evil. You’re here to help bring light to darkness. + +I salute you sir, you’re one of us and we’re becoming one of you. + +Count me in as a Pulte Teammate. I have $1million invested into GME so far. Post MOASS you can be damn sure I’ll be using that money to help make the world a better place and not to build a $450 million dollar mansion in Florida so DeSantis can protect me from my evil deeds. + +I’d say welcome aboard but I think you’re helped build this ship from the start, so thank you sir, I’m proud to be a passenger. +Three people in my neighborhood stubbed their toe. And one person has a hangnail. I am monitoring their condition closely. If SPY can just stay down until market opens; I will sell SPY puts. This is a gift in my opinion. I bought the dip. Thank you. + +11/26/21 08:30:19 BOT +1 DIAGONAL SPY 100 18 MAR 22/17 DEC 21 400/460 PUT @/-1.60 160.00 +For me, it’s when people use the term “fiat money” in their argument to belittle and shit on the US currency system. These people often make some large and absurd assumptions while discounting any other plausible explanation to their question. I imagine these people are pretty inexperienced in the overall field yet somehow attribute their lucky crypto run up to knowledge. The dollar is not going away lol, yet many people are certain it will happen in their lifetime. +I have $120 in my bank account and the doctor’s visit at urgent care will be $150 + antibiotics. I know I have a UTI but I’m just not sure how to seek treatment with no money. + +Does anyone have advice on what to do? +So this morning I [read this article by the BBC](https://www.bbc.co.uk/news/health-54661843) basically saying things won't be normal again for years even with a launch of the Oxford vaccine early next year. + +What should we be doing to prepare for that? While it's possible everything will be in a much better position next summer, there is a definite risk that it could be the opposite. Extension of restrictions for another 6-12 months could easily mean the death of many hospitality, entertainment and travel businesses, which would be catastrophic for millions of people which would take years to recover from. Further to that, we have already racked up billions in debt so it seems inevitable that taxes are going to increase even if COVID becomes irrelevant within the next year. + +As people concerned with our long term finances, I was curious as to what people on this subreddit were doing to manage those risks? +TSLA is now the \*edit(seventh)-largest company via Market Cap in the US ($452 Billion). Here are the other 9 - [Link](https://www.tradingview.com/markets/stocks-usa/market-movers-large-cap/) + +For some info ( I don't know how to insert charts here) but this is the trend: + +March 18, 2020 - 66 Billion + +April 20, 2020 - 138 Billion + +May 20, 2020 - 151 Billion + +June 19, 2020 - 186 Billion + +July 20, 2020 - 305 Billion + +August 20, 2020 - 372 Billion + +As of this moment, 8/31/2020 - 2:10 PM CST - It is around $461 Billion. + +(Here is the source for the Market Cap Trend - [https://www.macrotrends.net/stocks/charts/TSLA/tesla/market-cap](https://www.macrotrends.net/stocks/charts/TSLA/tesla/market-cap) ) + +Edit 1 : Elon Musk's Net worth nears $100 Billion - with Bezos and Gates ahead of him. +This doesn't get highly publicised for whatever reason but Aviva offer 12 months of free life cover of £15,000 per parent, per child under the age of 4. If both parents apply then that's £30,000 of free life cover per child for a year. + +https://www.aviva.co.uk/insurance/life-products/free-parent-life-cover/ + +The Post Office (through Royal London), Tesco Bank and Legal & General used to offer this as well but they've all pulled out. I don't know if this is permanent or temporary due to coronavirus, I think for the latter two at least it's permanent, but it meant parents used to be able to go between providers to get a total of 48 months of free life cover. + +https://www.postoffice.co.uk/life-cover/free-parent-life-cover +I got about $50k in cash that I don't need for a year or more and I'd love to put it all in I-bond. I already bought $10k worth. + +I read posts about people creating trusts to buy more I-bond but it just seems so iffy. I will however be starting a business so I guess I can buy more I-bond for my business. + +But has anyone bought more I bonds using multiple accounts? I'm new to this. How do you get money out of it after the year is up? + +Thanks +While some exchanges insure their hot wallets (I believe Coinbase does), most do not! Exchanges have a rough past with all cryptocurrency. It is really best to move your coins off exchanges as soon as you feel comfortable with the process. + +Ideally, get yourself a hard wallet. Here's one good thread that discusses [the ledger nano](https://np.reddit.com/r/ethtrader/comments/5zsrri/been_posting_on_this_community_for_a_year_bought/), my favorite, but I hear they are back ordered. Either way, get your coins off the exchanges into a more secure location. Keep things backup in secure ways, double and triple check everything. + +If you don't hold the keys you don't really have the coins in your control. Prepare yourself. Learn. And then get your coins off the exchanges when you're ready. A quick search on /r/ethtrader will show lots of discussion on the matter. + +**Exchanges have come a very long way, but I have no doubt in my mind, we have not seen the last big exchange-fail event. But with a little preparation, holding the coins yourself is much safer!** +I have 0 bonds in my portfolio..I have been hearing some investing advice suggesting your portfolio should have your age as the percentage of bonds you own..That seems too high for me who recently started investing and don't have a lot to park in bonds and trying to grow my account..Should I have bonds? I dont like bonds cause I don't understand bonds..Is BND etf a good replica of real treasury bonds? Would that count as bonds in portfolio? +The consumer price index was expected to rise 6.7% from a year ago in November, according to economists surveyed by Dow Jones. + +The consumer price index, which measures the cost of a wide-ranging basket of goods, rose 0.8% for the month, good for a 6.8% pace on a year over year basis and the fastest rate since June 1982. + +Excluding food and energy prices, so-called core CPI was up 0.5% for the month and 4.9% from a year ago, which itself was the sharpest pickup since mid-1991. + +The Dow Jones estimate was for a 6.7% annual gain for headline CPI and 4.9% for core. + +With unemployment claims running at their lowest pace since 1969 and gross domestic product expected to show strong gains to end 2021 after a lackluster third quarter, inflation remains the biggest problem for the recovery. + +The Federal Reserve is watching the data closely ahead of its two-day meeting next week. + +Central bank officials have indicated that will begin slowing the help they’re providing in an effort to tamp down inflation. Investors widely expect the Fed to double the tapering of its asset purchases to $30 billion a month, likely starting in January. That would enable the Fed to start raising interest rates as soon as next spring. + +[Link to the CNBC article, written by Jeff Cox](https://www.cnbc.com/2021/12/10/consumer-price-index-november-2021.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard) +I graduated from an ivy league law school in 2006 and joined a large West Coast law firm. At the time I was an eager and ambitious young associate, ready to put in the work and impress the partners. I was hungry and I did well. I received good projects, bonuses, travel opportunities, and good reviews. However, it didn’t take me long to realize that being a transactional lawyer basically sucks. Well, to put it more mildly, for me transactional law is not a fulfilling profession. Since then I’ve bounced around various in-house and law firm jobs, both in the US and Asia, looking for the right "fit". I’m 10 years in, and still looking. + +In the meantime, I think around 2011 or so, I discovered the whole FIRE/ERE subculture. My first taste was a news article about the Dividend Mantra guy that claimed you could retire on something like $300k. I then discovered MMM, Lacking Ambition, Mad Fientist and a few other good blogs that pushed FIRE principles. I enjoyed reading MMM in particular, railing against brainwashed consumers and traditional ideas of retirement, breaking things down with simple math and a straight-forward writing style. + +I applied FIRE principles to my life. I’ve spent countless hours managing my investments, tracking my spending, creating spreadsheets, and running models in FireCalc and CFireSim. I’ve also spent countless hours reading blogs by people who have made it to FIRE, dreaming about how awesome my life will be when I make it. I’ve fallen off the wagon a few times, and had a few investments go south, but in general I’ve stuck with the program, and I’m now much better off for it. I am way ahead of the game when it comes to retirement and managing my personal finances. I could probably pull the trigger now with a fairly high confidence level, especially if I leaned a bit more towards the LeanFIRE model (pun intended) or was willing to work part time. + +However, after focusing on FIRE for these past 5 or so years, I’m starting to wonder if I have just been using the pursuit of FIRE to distract myself from more fundamental problems in my life. I realize that FIRE is merely a means to an end, that end being freedom from having to give your time to others. However, I’m wondering if I treat FIRE more like a solution in and of itself. I suspect I may be subconsciously telling myself that as soon as I hit the magic number, everything will be awesome. I further suspect that the pursuit of FIRE may actually make things worse because it distracts me from confronting the real issues head on, and is basically a rationalization for prolonging a negative situation. + +My basic problem, which I think may be shared by many who fixate on FIRE, is that I’m unhappy with my present situation. I spend the majority of my waking hours doing shit that I don’t want to do. My “career” doesn’t add any meaning or purpose to my life. It’s just something I force myself to do every day for a paycheck. So how do I fix this problem? My answer so far has been to count my pennies and dream of the magical nirvana of financial independence. But isn’t this just a temporary distraction? How does sitting around daydreaming about being independently wealthy fix the underlying problem? FIRE won’t make me happy. It will just make me wealthy. And when I get there, the same problem that motivated me to get into FIRE will be waiting on the other side. What do I want to do with my life? What makes me happy? + +I don’t want to distract myself with spreadsheets any more. I want to tackle the problem head on. I want to find my purpose, and just let the money figure itself out. Thanks to FIRE principles I’m a bit richer and I’m not a brainwashed consumer, but FIRE isn’t the real answer to my problems. I’m an unhappy corporate lawyer who feels like his life doesn’t have meaning. What the fuck do I do? Where is the subreddit for finding meaning in life? Getting to FIRE is easy compared to figuring out what makes you happy. + +I’m on the verge of financial independence, maybe within the next 2-3 years. I have no hobbies, no side hustles, no activities that I’m particularly passionate about. I’m just a cog in the corporate machine who has spent the last ten years of his life pushing paper and collecting a paycheck. How do I break out of the machine and find something worth doing? + +TLDR: Pursuit of FIRE is just a distraction from the present problem that I’m unhappy with my situation. How do I find out what to do with my life now? +I recently built an efficient frontier app that is built on python and hosted on my github. App [here](https://share.streamlit.io/diegodalvarez/streamlit_efficient_frontier/efficient_frontier_streamlit_base.py). + +But sometimes I would run it an get a plot that would look something like this + +https://preview.redd.it/lkfv57yutey61.png?width=1152&format=png&auto=webp&s=a54a0635e1b0c80de79d5a45e6fec964bcd13dc6 + +I thought it was interesting that I would get this shape with outlier points when I am used to this shape + +https://preview.redd.it/5z3ysybwtey61.png?width=1162&format=png&auto=webp&s=fba84c2da02893c6805dd1a5b0237dc193af5b71 + +So I started looking into the problem and my first assumption was the number of tickers. The first test was around 30 stocks and the second test was 6 stocks. Each used the same calculation method 10y of daily historical adjusted close data using mean returns and covariance with 100,000 simulations. I then built a function in python that drops tickers and then runs the efficient frontier and this is what the results look like. + +https://preview.redd.it/idwa0dmxtey61.png?width=1080&format=png&auto=webp&s=0046bb4a209de931b8aafeb2816ce1e3050d86a7 + +The way that this function works is that it pulls stocks from S&P 500 and then it drops a random amount of tickers then runs the efficient frontier over and over. It uses 10y of historical adjusted close prices, mean returns for returns, covariance for risk, and 100,000 simulations. The title of each graph is how many tickers are used. Also the algorithm doesn't redraw after each calculation, it drops from the previous test. + +I ran around 10 test which you can find in my github repo ([here](https://github.com/diegodalvarez/efficient_frontier)). I also kept track of what tickers are used in which test. What I've noticed is that the efficient frontier starts to fit a more "curvy" shape as we decrease the numbers of tickers used. Later tests will involve using different groups of stocks separated by industry, risk, and return characteristics. + +I have also added this function to my app above which you can find by selecting the ticker drop function on the left side bar. It does take a long time with 16 efficient frontiers, more than 300 stocks, and 100,000 simulations each so it takes some time. You can also pull the code from my repo and run it in python yourself. + +Something that I've also started working on is using anomaly detection to get rid of the outlier points for the minimum-variance and the mean-markowitz portfolio. + +I was also wondering why this shape occurs. If anyone has any ideas that would be great. I'm not sure why with more stocks it looks this way. +Call me an idiot, or whatever you want to call me. All apes saw that 10.00k at $195….then the price dips hard. Ok, come on how is that possible that it gets filled and dips to $191? Like how obvious do they have to put it for the SEC to see that shit. Every time I see something that obvious it upsets me because they are basically slapping people In the face that they no longer try to hide their crime…maybe I’m wrong and the order hasn’t been filled yet but what the actual fuck? maybe the SEC is collecting data for a massive file or maybe they just don’t give a fuck as how obvious Hedgefucks have to literally put their crime on a silver platter in front of a starving person…this is upsetting, makes me HODL more and makes me not want to sell about 10% of my shares ever. +Hello everyone, + +I was just wondering how much the average full-time Forex trader makes. You can express this amount either as a percent return on their investment, or a dollar amount. I realize that there is likely swings in their return, but I just mean on average over the course of the year. +Hey, I observe this industry from the sidelines and even tried to pass prop firm challenges a couple of times. Did it twice - passed the first stage, and blew the accounts during the second. + +What's different in my situation is that I earn money writing about trading, as a financial journalist, so for the last two years, I've had plenty of time to do research and learn. I did the work people with normal 9-5 jobs do in decades (that's no joke, I've seen plenty examples like this), because I was, more or less, forced to. And here is the thing: the more I know, the less realistic gaining an edge in the markets is. I don't take seriously people that say that "they are profitable", because the company I work for tries to find scams on the daily basis. We hear that someone made money, yet there is no never any reliable proof. If there is a proof, it is fabricated (there is a simple way to produce fake results on one of the popular platforms - if someone is not knowledgeable, that's the way to go, he will fall for it and buy your course). + +You may ask - why won't you become Forex guru then? Well, that is obvious - I am not a thief. + +But the funny thing is, most of the people seem to believe it. Everyday I see someone claiming that making 10% in 30 days during the prop challenge, is "really easy" or "not easy, yet achievable", while in reality, that's pure insanity. Majority of pro fund managers don't beat the market, and we are talking about Ivy League guys. If it comes to actively managed funds, they lose most of the times. If you do make 10% per months and can sustain it, you would trade for Goldman in no time. + +But if it comes to prop challenges, you have to make 100%. Yes - 100% of your drawdown, then, if you risk "only 1% per trade", in reality, you are risking 10% of your account per single trade and 10 losses in a row is not something that happens rarely. Actually, you need to lose only 5% of your "account" and 50% (!) of your drawdown, to find yourself in a terrible situation. Now, you have to make 100% to go back to square one and then - make another 100% of that to pass the challenge. It has nothing to do with real prop trading. It is gambling and people, who pass, do it by sheer luck. I know it, because I've passed phase I two times. + +Therefore, I am starting to lose hope that it is really possible at all. + +Some claim that they've passed and sustained the accounts with "Smart Money Concepts", yet I am not stupid enough to believe in what ICT is saying. His setups are re-named, retail technical analysis and IPDA is one, big conspiracy theory. There is no proof that the decentralized Forex works like this. Financial illiteracy and not giving a shit about market structure (I'm not talking price structure here) makes people think, that they "trade with the banks". They don't know what real Market Marking is. They don't know how HFTs work and that majority of institution's trades are not directional and have so called "delta neutral". + +I would just like to know if there are people who think like me, yet they are actually trading with these props. Gained an edge and somehow, they make a living out of it for some time. I'm writing this because markets always fascinated me and I love doing research, trying to understand them. Yet knowing how they work and having an edge are two, separate things and sometimes I think, that it is just not possible at all, and we are all nothing but fools. + +PART II + +I've decided to write a quick part II of the original post, because I think that it might be complementary. + +As you may know or not, financial journaling is full of failed/developing traders or investors (from what I remember, Tom Dante was a journalist back in the days and he might be some kind of exception here). It's not about me, I am fresh there and achieved nothing special so far. It's about the other people. Almost all of them have really big experience with trading/investing. While I was entering this space, I was almost sure, that I will find many profitable traders here. Yet I've found no one trading for a living or no one that could provide any reliable proof. + +And here is my point - if these are the people that live and breathe the markets - writing news articles, doing macro researches and constantly learning and so on, yet they could not make it as traders, what are the chances, that a normal guy will achieve this? Living a normal life and treating trading as a hobby? + +Do you think that these guys don't know SM Concepts? That they never used Fibonacci? That you have some secret that they don't know? They educate traders, teaching them about the interest rates and central bank policies. Some of them take these ICT teachings, repack it and write about it, and they learn it during the process. Do you think they are mentally retarded and can't use it themselves? Can't backtest? Can't draw order block or apply simple logic to the chart? Most of you will dislike it, because it is challenging your dream, but I don't mean to be negative. If all of this is negative, it's negative for me first and foremost, because after all this work, I am exhausted and I've learned many useless things, just to end up nowhere so far. + +At first, I thought that I am better than anyone else. As I said, I've made my first money on the betting exchange and I was pretty good at it. Mechanics was basically similar to the Futures market. 90% of the people there were losing traders as well, and I was one of the few, so I thought that it will be the same on the financial market. Yet it was not. It is different kind of market. As close to efficiency, as it is possible, and I am simply not sure, if there is any inefficiency that can be exploited by humans in the short term. And that is really sad, because I wasn't there for money, but for the game. I've seen charts as some kind of complicated puzzles and still try to see them that way, but there is the risk I can't ignore anymore - that there is no mystery in this. Just chaos, that to the imperfect, human eye, seems orderly. "Fugazi!", as Mark Hanna said. Fairy dust. + +EDIT: + +The second part of this post just got banned. See? They just don't want you to know. Sleep, and while you are asleep - lose more money so the industry can eat ;) +I’ve been going hard in trying to learn stock market, options, and forex for the past 3 months non stop. I actually enjoy learning. +My favorite is forex, gold, and option trading. Although i haven’t tried it since i been learning as much as i can. + +However, i reached a place of researching where people are saying don’t trade like a retail trader. +I’m wondering if there’s any courses or free YouTube playlist that maybe explains how to not trade like a retailer. +I don’t know if this is some “hyped” concept to get more viewers. But yeah i just wanna learn as much as i can before i dive in 100%.. thank you +Hi, i would like to know if you are a professional/institutional trader or just trade for a living + +When it comes to analyzing the market. What do you do? + +Some people say that technical analysis and indicators don't work, all that matters is economic data like interest rates, gdp, employment,etc. That they can see in bloomberg terminals or any other software. Others say they just trade when they see opportunities based on their technical analysis (trend lines, fibonacci, patterns, etc) and others just use a bunch of indicators and say "you just need to know how to use them" +The more DDs I’m reading, more stories hearing from 2008 I get more angry. I don’t care about tendies anymore. + +Im from Europe, so I’m doing best what I can do to support this. In other words buying and holding as much as I can. But you fellow US-Apes need to bring that to attention. No one listended to Dr. burry back than, but now we are thousands of Dr. burrys. Let us be heard. + +Floor is Jail. No less. + + +Unlike 2008 this time people need to go to jail. No exceptions + + +Edit: + +Tl;dr from u/merrythough + +Naked short selling? You go to jail. Synthetic shares? Jail. Bankrupting Main Street? Believe it or not, also jail. + + +Edit3: + +Can we ask u/freetageeta (creator of gmefloor.con) to update the counter with a 2nd counter „days In jail“ <3 +With Christmas being around the corner, my wife and I have finished buying all the gifts we were planning on giving. We have our own budget on how much we’re going to spend on gifts. For us, we select those we want to give gifts to and then assign a monetary budget for each of them. But it made me think, how do others budget for gifts? Or is budgeting for this limiting the amount of gratitude we are giving (ie. should this even be budgeted?) +I personally feel like we won't go below 18-20k now. Going to 10k is impossible now that so many institutional buyers are in and will try their best to keep it above 15k. Also, we have been in recession for the past 4 months so we won't be "entering" recession and people have already prepared for the worst so the market has already experienced the worst conditions. There won't be any major drop in my humble opinion +Following a positive surprise in the second quarter delivery figures, the electric car manufacturer’s shares soared by a good eight percent to USD 1,212.21 on the NASDAQ, making it the best performer in the technology-oriented NASDAQ 100 selection index, giving Tesla a market value of around USD 225 billion. In early trading, the shares had reached a record high of around 1,228 dollars. + +[Tesla brought 90,650 cars to customers worldwide in the three months to the end of June. This far exceeded analysts’ forecasts](https://gryffintrading.com/2020/07/02/tesla-stock-reaches-new-record-high-tesla-surprises-positively-with-q2-delivery-figures/). At 80,050 units, the majority of deliveries were Tesla’s lowest-priced Model 3 and the new Model Y compact SUV. With these offerings, the company of tech billionaire Elon Musk is increasingly establishing itself in the mass market. +I've tracked almost every £ coming in and out of my accounts and pocket, for a year. It's in a cool spreadsheet that I've learnt to love. I started it in August 2019, and now have a full year of data to know how much I spend on average, for a lot of things. + +My original idea was that this would help me budget. However this became redundant as my outgoings never exceed my income, and I'm able to save healthily. + +I just don't know what to do with this data. Should archive it, or just continue in the same spreadsheet? This is a pretty mundane question, but any insight would be appreciated. +I learned about the mega backdoor Roth IRA through a podcast, but I've never heard anyone else (outside of the FI community) talk about it. I'm sure there are other helpful strategies out there that I'm still unaware of. Thanks in advance to anyone who shares! +Anybody here like to cruise and have recommendations are what luxury cruises lines they prefer and why? 50-ish couple. We've done a number of cruises but want to upgrade the experience a bit. No specific destinations in mind right now. Thanks for the input. + +EDIT: Thank you all so much for the input. Unfortunately, I came away with even more questions and more cruise lines to research. Lot's of opportunities for future travel. +Jokes aside, whenever you do plan on cashing out your eth to flat, there will be the problem of banks holding your money thinking it's fraud. I've seen many posters complain about having problems with banks. How are we supposed to prevent or mitigate this? +My initial question was gonna be: + +“How do you stay focused on your goal, with succumbing to competitiveness, spending and flexing, on your way to FF?” + +But I realized there’s more to it: + +I’m not FatFIRE material*. I’ve made a lot money (over 5m net) from a young age (25), but at this point (38) have almost nothing to show for it (NW almost back to zero), due to irresponsible behavior. + +I recently realized being bipolar has a lot to do with it (never knew it’s a known symptom), and I’m doing a lot better, expecting FatFIRE in 4-5 years. + +Still I can’t shake the feeling that “I’m too old” (especially reading some posts here from people who reached FatFIRE in their 30’s), or that I wasted my life or my 30’s and could’ve achieved financial freedom almost a decade ago. + +Also, I still have moments where my ego takes over and I feel the need to “flex” and blow money away. I’m worried it will fuck up my path, and that my story will remain one if a talented guy who can make lots of money but will never reach financial bliss. + +* finally, reading this sub makes me feel like most people here have this built-in immunity to immature behavior, ego-based decisions, competitiveness in terms of status symbols etc... + +Am I right? Are the odds against me? Or is there something I can do to be “healthier” in my mindset? Does anyone else struggle with these thoughts? +After working 15 years starting from McDonalds and leaving my current position as an HR manager, my retire early plan is now starting the next phase. I was able to reach $2.4 million over 15 years and granted due to some luck that accelerated my timeline, but I also was a student and worked 1-2 jobs for about 9 years. I only had 1 job for the last 6 years. My last day will be when my child is born in 8 weeks as they talked me into helping during the transition. They will pay my medical insurance through my 12 weeks of FMLA along with 8 weeks of pay. + +I am very excited and do not have a ton of people to share with because I'd rather them continue to guess on the financial figures. My plan is to tell people I work in finances (Since I do manage my investments). + +I found the main key to FIRE is living below your means. When I told my boss I was leaving, he had no clue but was happy for me. He said you would never know looking at me that I had money. It's very easy to get caught up in material wants and desires. Luckily I married someone like me who also had the same mentality for stuff. We still both live like we did when we both made like $35k a year. + +My 1st job at McDonald's I made $6.95 per hour. Eventually I joined the Army primarily for free college. I was awarded a full ROTC scholarship and continued to drill with my national guard unit. During summers I worked landscaping jobs making $10 per hour. My senior year I had a part time internship in HR, full time school and ROTC/National guard. + +I graduated and got married with a net worth of \~$5,000. I stayed in the national guard and found a position making $35k a year plus NG money. I left a year later for $50k, and after 3 years left for $75k. I currently make about $85k. + +I had failure in there. I was fired from a job. The 1st $1000 I put into my brokerage account at 18, I lost it all. I lost my dad and needed to help my mom. The greatest feeling of FIRE is not about what I can have, it's about what I don't worry about. When I was fired, my co-workers were upset because I had a young child, and they did not know my financial situation. Being on the FIRE path allowed me to not be upset about losing the income. + +Where I got lucky was crypto. But if it was not for my savings and lifestyle, I would not of had the capital to invest in the 1st place. I heard about Bitcoin in college around 2012 and I was deployed in 2014 and thought if it made it here, it might make it further. Over 6 months I bought $20k worth of Bitcoin using the extra deployment money. That story worked out well even thought I had many people over the last 7 years tell me to sell and I was dumb not taking the money. + +I was expecting to hit my goal without crypto by 40. Because HOLY SHIT compounding interest as Einstein said IS the most powerful force in the universe. Starting the goal young and utilizing my time and efforts in my early. Hearing in college that I was frugal as a joke from friends. Some people will never understand my lifestyle, but it is what it is. I look at $2.4 million as $90k, not that I can spend $2.4 million. + +To anyone out there, start early, pounce on opportunities, live below your means and spend wisely, and set a reasonable goal. As everyone says, the 1st $100k is the hardest. The journey is not always easy but it's possible for many with planning and enough time. + +Currently my assets are and $0 debt + +|House|$295k|HSA|$15k| +|:-|:-|:-|:-| +|Cash|$50k|Wife 401k|$202k| +|Fidelity|$905k|Crypto|$900k| +|Pmnakedbitcoin 401k|$22k|Land|$60k| +|Total Today|$2.4 million|August 2020 Total|$884k| + +My spending is excluding daycare is about $35-40k a year. Daycare is \~$22k a year which I am going to watch my kids 3 days a week which will reduce that expense down to \~$10k a year. + +Although I know the crypto part of the story some will say I am lucky which I was. I thought my story is worth a share and wish everyone the best on their path to FI. The flexibility is worth every time I said no to buying something. Onwards to pursing passions and giving time to my group of non profits and not just financially. +What the title says. I'm 19 and in my sophomore year of college. I am completely financially independent from my family and am currently living in an apartment. My lease is up in April and I do plan on getting a new apartment if I don't get an rv. + +I have roommates but rent is high in the area. I am currently paying $500 for my share of rent but after utilities and stuff it's more like $700-800/month. I really won't be able to find anything cheaper that's safe in the area. + +I'm going to pay almost $10,000 a year on rent and I will be in the area for at least 2 more years. I've looked on places like Facebook marketplace for RV's and there's decent ones for $6,000-$10,000. They're older but kept up woth to where renovations are not necessary. + +I have around $10,000 in savings right now but would expect to have closer to $13,000 once I'd get it. So my thought process is that I will be saving money in the long run even when I do rent a lot somewhere. + +I just understand that this sort of thing is risky. Spending the majority of my savings does not sound good but I could potentially be saving thousands in the long run. I don't plan on driving it around either so it doesn't need to run well. I just want to save money because my car is old and I bought it in full and would like to do the same with housing. +Then they sent me an escrow increase notice. This occurred in 14 weeks ago. They even let me know the name on the erroneous policy they paid! I have been on the phone with them 5 times since I discovered and questioned it 7 weeks ago. They have been responsive and reassuring that it will be sorted out. However I am getting tired of chasing my $634. Today it occurred to me that if I had wronged the bank by this amount I would face consequences financially or legally. I think it is strange that they would not simply make the money appear. I wonder if anyone knows how or where to report this to some governing body or regulatory agency? So far my search yielded the FBI and I don’t think that’s the appropriate place for this at all. + +Thank you + +Update: CFPB complaint filed. I will attempt to remove the escrow altogether. However I filed the complaint before reading your advice to put that as my requested resolution. Thanks for all the insight! +32 years old, $86,000 salary + +Debt +- $48k student loans ($20k private at 5%, $28k federal at 4% average) + +Assets +- 20k between 401k and Roth IRA (contributing 11% of my salary, employer matches 4%) +- $4,500 emergency fund +- a very supportive boyfriend + +Take home pay is $4,400 per month. I live in a moderately HCOL area and I help support my family, so overall, after expenses and paying minimums for my student loans ($650/month) I have about $1,500 to play with. + +My strategy for the last 5 months was to save $1000 for my emergency fund and throw the other $500 at a loan above 5%. Now that that loan is paid off, I was planning on continuing this ratio for the next few months until my emergency fund is $9k (3 months) and then after that, reverse the ratio so I'm throwing $1000 additional at my student loans and $500 towards cash/emergency fund. + +I know that the wiki recommends only contributing up to employer match and then emergency fund and then loans, but I feel like at my age, I should be putting more money away in my retirement fund since I only started when I was 31. Also, eventually my partner and I want to purchase a home and have a kid, so I want to build up my cash for that. + +I don't understand why I should only be contributing to my employer match, is that a hard rule, and if so, why? Does my $1000 cash/$500 debt pay down strategy make sense for my situation? I always see people give advice to prioritize paying off debt, but does that make sense for me? + +Thanks for your input! + +Edit - Wrote this before work, just checked the progress, and wow! Thank you everyone for responding. I'll read through all of this in a few hours after I finish working. Reddit is awesome. +Rocket Pool updated their website and it now says their staking product will be released to mainnet February 2019. + +https://i.imgur.com/JOsUeAy.png + +https://www.rocketpool.net/ + +Do they know something we don't? 😜 +I went to a mattress store and spoke with a salesman who offered me financing and to apply. He assured me it would not be a hard pull on my credit. + +The following days, I see a hard credit check on my credit report from the financing company they use. The next day, I see a completely unauthorized credit account opened for $10,000 in my credit report. + +I can document that the mattress store did both actions. + +I did NOT sign anything. I sat down with the sales rep. Gave him my personal info (ss,etc) verbally to ostensibly see if I could get approved, but did not sign anything. + +I live in Nevada. This is a major mattress retailer in my state. + +In terms of damages, I feel like this new $10K credit line will destroy future chances of getting more actual credit (?) Wouldn't this be devastating if say I were in escrow for a house waiting on mortgage underwriting approval (?) + +This credit was through Synchrony, who seem to finance alot of retail credit cards. If I dispute this credit line, I feel like I will never get credit through them again.. + +I called Synchrony who issued the credit line. They told me that once I handed over my driver's license and gave them my ss#, the retailer has the right to open a credit line. + +That doesn't sound right to me. I didn't sign anything nor did I verbally express that I wanted to move forward with opening an account. + +Just a warning for others. That's their corporate line. + +&#x200B; + +UPDATE: + +Sorry I think I miswrote the conversation between me and the rep that distorted the situation. We were not at some advanced stage of financing. I was literally in the store for 5 mins browsing. He specifically asked me do you want to see how much I qualify for. I said sure why not. For most people, I think finding out how much you qualify for, and actually opening up a credit line are two qualitatively different things. + +That may be the reason I'm getting downvoted on all of my replies. Otherwise, I don't understand why some on this subreddit are blaming me as the consumer for trying to make an informed decision. Authorizing a credit check to see if I qualify should not mean I see a new credit line on my account for $10k a few days later. + +There are ways to use credit responsibly. A high quality mattress can run $2-5K. They were offering no-interest payments for a few years to spread out the cost. If I have my money working in other places, I would use that free credit rather than spend cash now. + +&#x200B; +https://advisors.vanguard.com/insights/article/marketperspectivesmarch2022 + +In recent years, we saw Bond yields fall to record lows, and consequently, US equity valuations rose to record P/E multiples not seen since 2000. + +If you view the link at the top, as of March 2022, vanguard is estimating returns of just 2-4% annualized for US equities, and 1.5%-2.5% for US aggregate bonds, over the next decade. Yields haven risen and US equities have dropped a bit since then, so perhaps 2.5%-4.5% for equities and 2-3% for bonds might be a better figure. + +If these figures turn out to be correct, that will not be sufficient to support FIRE without an exposure to international equity. + +Vanguard projects 5.1-7.1% returns in international equities. This is well supported by looking at metrics such as price to book and price to earnings of US equities relative to international. + +US value is also projected at 2.8-4.8%, whereas US growth is projected to be -1.2% to 0.8%. Something to consider for those heavily into growth stocks. + +I write this because many on here have a strategy of "Just buy VTSAX", which only covers the US stock market. While it's good to have a consistent strategy, omitting international equities increases risk and potentially decreases expected returns. + +Lastly, I see a lot of people deciding to FIRE with a 4% SWR. The fact that it has worked historically fails to consider the fact that we have never seen a period in which P/E ratios were this high AND bond yields were this low. The closest we've seen was 2000, where P/E ratios were very high, and a 100% equity portfolio from then with a 4% SWR would be on the verge of failing today. A 60/40 portfolio fared much better, but only because bond yields were quite high back then. + +That being said, bonds, yielding just 3%, can only do so much for a FIRE portfolio with a 4% SWR. + +It is for this reason that I STRONGLY suggest targeting a lower SWR, such as 2.5%, to align with projected returns. 4% is reckless for a very early retirement. +Have a stable job, good deposit (110k) but have been looking at 2 bedroom apartments to invest in: Sydney. It’s a pretty horrid time. After sacrificing massively on location, then aspect/floor plan then lastly quality - it’s still difficult to find something better than my current rental for what I can afford. It’s pretty demoralising. + +Because it’s hard to find a property I’d want to invest in, I’m wondering what most of you do with your money. I’m in stocks already and just wondering if it’s the best way forward. Feels like renting + investing is the way to enjoy my golden years. +On mobile, so I'm sorry for the formatting issues. + +For context, I work as a freelance translator. I was approached by a new client to provide services for them, but they are insisting that because I am a US citizen that I need to provide a W-9 with an American address, even though I am a perminant resident of Switzerland, because otherwise their QuickBooks will reject it. (For the record, I have been a perminant resident here since December and have my residence card.) + +Before I give them anything (maybe my mother's address? Idk), my concern is that my income will be reported to the government under her address in Michigan. Wouldn't that open me to liability for state and city taxes as well? + +Certainly a US citizen working abroad isn't such an unusual thing that QuickBooks has a workaround...? + + +Thanks for any insight you can provide! I want this account, but I also NEED to make sure I don't incur any penalties. Thank you! + +Edit: Goodness, I can't keep up with these comments! Thank you all so much for the help and advice. **I will be visiting a tax advisor on Tuesday.** (And don't worry, I didn't commit perjury!) Have a great weekend! + +Return of the edit: Let's address the elephant in the room: I've spellled PERMANENT wrong. Several times, in fact! I'm very flattered that so many of you share the opinion that translators are incapable of spelling mistakes! Rather than contacting a tax professional, I've decided the better course is to retire in disgrace, per the sage advice I've received. 🙏 (/uj, it's okay guys, that's what editors are for. 🤣) +This is a part 2 to my recent DD: [https://www.reddit.com/r/Superstonk/comments/y5rvyw/system\_collapse\_macroeconomics\_fx\_and\_the\_curious/](https://www.reddit.com/r/Superstonk/comments/y5rvyw/system_collapse_macroeconomics_fx_and_the_curious/) + +This is a must read before you read this. I will have a TLDR for this one at the end. + +In addition, I recommend you read peruvian\_bull's “The Dollar Endgame.” His DD is EXCELLENT, and I've personally read it a few times over. It provides the historical context AND the explanation on the dilemma that central banks of the world are currently in. + +# Preface + +I’m not a financial advisor and none of this is financial advice. I’m an engineering background, with experience working in the Oil and Gas Sector. My past experience has involved more technical engineering design and project execution, but now I work in energy commodities. My role focuses around building statistical models (Data Science) in order to understand the energy commodity movements (oil, gas, refined products). I’m not an economist or historian, but I have a particular affinity for that sort of stuff. My experience at work also gives me key insight into macroeconomic drivers, specifically energy. + +&#x200B; + +# A New Lens Into Geopolitics + +World War 3 is being fought right now. Yep, you heard that right. This war however, is not being fought with guns, planes, and tanks (except in Ukraine, bless their brave souls). This is an economic war. In this economic war, countries are using their geostrategic positions in order to prepare themselves for the collapse of the system we live in. Understand this, and you understand the dynamics by the world powers currently at play.   + +There are a few key points that you must understand about history and the system before we move on. The US is the world’s hegemony. This means that the US is the dominant world power. The US has the largest military. It is also the most economically powerful, and has the most political influence over the world economy and in extension, geopolitics. The system in which the world economy was built by the US, and it is this system that they have taken full advantage of. + +After the allied victory in WWII, the US would emerge as a dominant world power. With the US mainland unharmed, the US was and still is the dominant military and economic power. This in part allowed the US to push forward the Bretton Woods system, which was established in 1944, approximately a year before the end of WWII. The Bretton Woods system made the USD the World’s Reserve Currency, which would be backed by gold. + +At the time, this made a lot of sense. The other great powers of the world had their infrastructure completely wiped out due to the war. Through a gold-backed USD, the world would receive a sense of economic stability and growth. The war also put the US in a strategically powerful military position. Have you ever wondered why there are so many US military bases everywhere? A large part of this has to do with the victory in WWII. A lot of the US military bases that had been built during the war would remain in service long after WWII had ended. + +Fast forward to August 15, 1971. The war in Vietnam, the space race, the 1970s energy crisis and other geopolitical factors contributed to rising inflation (wait did I hear energy crisis?). President Nixon would respond by abolishing the gold-standard completely. The USD was now backed only by the promise of the US government. This was the beginning of the largest Ponzi scheme the world has ever seen. An era where the USD was backed by the promise that the US government would pay back its debts. + +Making sure that you understand the history and the utility of this system is key. This system is what has allowed the US to effectively colonize the rest of the world. Their ability to borrow at low rates directly results. Recall that the US is able to borrow at low rates because of the world’s artificial demand for US T-bonds. **This is by design, and the system works as intended**. + +Recall that investors will buy the US Treasury bonds (its debt). Central banks and investors who purchase these bonds are buying the US’s debt (in the form of US T-bonds). This US T-bond is the primary method in which money is created. This means the USD is backed **only by the promise that the US government will pay it back in the future**. + +By buying these bonds, they are effectively investing in the US. As enforced by the World Economic Forum (WEF) and International Monetary Fund (IMF), countries who participate in this system must purchase US T-bonds, and hold them in their FX reserves in order for them to print money. The design of **the system forces anyone who wants to participate in the world economy to use the USD and the American system. This allows the US to borrow at extremely low rates, and systematically creates capital inflow (demand of USD) into the US financial system.** The SWIFT system is a key component of modern banking and by extension, the US financial system. You may have heard of it. It is a network that banks use to communicate and send money. This SWIFT system is the same system that was used to enforce sanctions on Russia at the beginning of the war in Ukraine. + +This system that I described is a system that the world elites understand very well. When you, as an individual investor, understand this system, you can begin to **view geopolitics through a different lens.** In fact, you can begin to better understand significant geopolitical factors at play and understand the chess moves these leaders are trying to make. + +These factors are at play right now on this international chess board. Each country has its own strengths and weaknesses, and is trying to play their own chips. This is why you are witnessing the insane amounts of geopolitical tension in the world today. These tensions are a **direct result of the ruling elite understanding that this is a system that is about to collapse.** The global leaders are putting their chips in place, and **gambling** with poor people’s money (and lives), to try and gain a bigger piece of the pie. + +To summarize what I have presented so far: + +* The system we live in was created by the US because of its dominant role both militarily and economically after WWII. +* This system abandoned the gold standard on August 15, 1971 by Richard Nixon. This is when the USD was no longer backed by gold, and the US government was now able to freely print money. This money printing happens via selling US Treasuries (US government backed bonds) +* This is a system that is about to collapse +* This system is a system that the global ruling elite understand well and are trying to take advantage of + +Understanding this system, and you’ll see that many significant events throughout recent history can be viewed at with a different perspective. This perspective being that they are all plays to try and put the country in the position to be successful following the collapse of the American Empire. I can expand on this in much more detail, but instead of boring you with all the news, I’ll summarize some at an **extremely high level** some of the actions different countries took. + +&#x200B; + +[ China's ambitious plan to establish trade corridors ](https://preview.redd.it/4op4o0w71ou91.jpg?width=1200&format=pjpg&auto=webp&s=f8e18ae826f21123b2b7796f033500aca8996d5b) + +One example of this is China’s Belt and Road initiative. This was a massive infrastructure undertaking, aimed at increasing China's reach and more specifically, energy and food security. Due to China’s extremely weak geostrategic position, it is has weak energy and food security. To rectify their deficiencies, China invested in many developing economies and emerging foreign markets. The success of this project is questionable. Some argue that it is was/is a complete failure. For example, China forced countries such as Sri Lanka into a “debt trap” in which China makes large loans to a country that will never be able to pay it back. This effectively traps them in debt, and bankrupts the country. If you think this is evil, you’re right. China is economically colonizing the countries it is lending to. This lowers the standard of living in that country, and raises the standard of living in China because that country is forced to invest in China. **This is no different from the US and the USD. The system created at Bretton-Woods systematically allows for the US to economically colonize other countries. The International Monetary Fund (IMF) and World Economic Forum (WEF) are predatory, imperialistic organizations that trap Third World Countries into unpayable debts.** + +This is a system that Putin and other elites understand well. Take a look at the below figure. Between 2017 and 2018, Russia decreased the amount of USD in its reserves (selling US T-bonds), and most notably, increased its holdings of Chinese Yuan. + +&#x200B; + +[Russian Central Bank Reserves 2017 vs 2018](https://preview.redd.it/4nc8jwty0ou91.jpg?width=608&format=pjpg&auto=webp&s=2d3628cc89d52bf93fe63f45317b233473de5ba4) + +&#x200B; + +[China trying to introduce CIPS. CIPS is basically an in-kind replacement for SWIFT, based on the Chinese Yuan.](https://preview.redd.it/1jqmdic61ou91.png?width=1259&format=png&auto=webp&s=25cafc5aeb5b0e2b6f4772a6a41d2651b537efe9) + +Are you starting to see the bigger picture here? Let me explain further… China, Russia, and many countries of the world are preparing themselves to take advantage of the collapse of the American Empire. They are seeking to put the **systems** (CIPS) and **infrastructure** (Belt and Road Project) in place to take advantage of this systemic collapse and come out the other side stronger. China, Russia, and the other leaders of the world understand this. These leaders are shaking up in the geopolitical landscape (Ukraine war, energy crisis etc) with hopes that it will thrust them into replacing the USA as the world’s hegemony after a systemic collapse. + +**They are attempting to define the new system.** I’ve only mentioned Russia and China so far, but keep in mind that they are not the only players. In fact, this is a global game where every country is involved. The other significant players that do not include The West are Brazil, India, and South Africa. Together, Brazil, Russia, India, and South Africa form (**BRICS).** + +&#x200B; + +[Picking sides... will they go with the West or BRICS? Who will come out on top?](https://preview.redd.it/71ddnzo91ou91.png?width=588&format=png&auto=webp&s=d974abe68d8ef212009a9e042fcb0383a0ddcbe4) + +Through this lens, you can view geopolitics in a different way. It is the anticipation of a systemic collapse that is directly responsible for the increased tensions in governments across the world. The actions taken by the ruling elite are a direct result of their understanding that this is a system on the edge of collapse. If you know anything about history, **where there is chaos, there is** ***opportunity.*** + +Now that you have a new lens in which you can view geopolitics, **you can now understand the weapons and tools each nation has at their disposal to fight this economic war.** In my personal view, there are two weapons that are the most significant; energy and the USD. In this DD, I will focus only on the energy piece. + +&#x200B; + +# The Energy Crisis + +Access to energy resources are fundamental to the development of countries. This is observed in both recent history and all of human history. This is the exact idea that is captured by scientists in the “Kardashev Scale.” The Kardashev scale is a method of measuring a civilization’s technological advancement. + +https://preview.redd.it/odd8irjb1ou91.jpg?width=850&format=pjpg&auto=webp&s=fc02a5340854ea97801a25e9d0dccfe398a69a7b + +This by extension is also observed in recent times. Greater access to energy directly correlates to a higher standard of living. + +&#x200B; + +[Human Development Index vs. Energy Consumption per capita](https://preview.redd.it/rnkejlfd1ou91.png?width=478&format=png&auto=webp&s=262a91d341184f1fa81bba549e53024d7570059f) + +As you can see, as energy consumption increases, so does the Human Development Index. This is because energy allows us to do work, without actually putting any human resources into it. The more energy you have, the more you are able to do without investing human capital (people doing physical work). + +So what does this energy consumption look like in terms of actual resources? Well, it varies over time. + +&#x200B; + +[Electricity generation by power source](https://preview.redd.it/pkyxkz0f1ou91.png?width=663&format=png&auto=webp&s=e464581b221dff478f5c0ac4cb8d6524bffcc016) + +The above chart is a figure of the **different sources of energy used for generating electricity.** This is key to understand. Energy doesn’t just come from each of these resources directly to your home. What I’m trying to say, is that you can’t just install a mini-nuclear reactor in your home and just get on with it. One of the key focuses of the energy crisis is **infrastructure.** The infrastructure piece is **key** to understanding the risks and limitations of the energy market. The demand side is fairly simple, relatively speaking, which is dependent on consumption. The supply side is more complex and nuanced, but does not carry nearly as much risk as the infrastructure piece (transport, storage) which I will get into more later. + +Energy is heat. Heat does work. Many different resources can produce this heat at **varying costs and efficiencies.** These resources come in different forms, meaning that there are **different risks and limitations associated with each energy resource.** The cost, efficiency, and accessibility of an energy resource therefore determines its effectiveness. We can simply the effectiveness of energy resources into two things: + +1. **Cost**: Is the energy resource cheap to produce, transport, and store? +2. **Accessibility**: how abundant and obtainable is the energy resource? + +[US Energy Consumption by source over time](https://preview.redd.it/62228k9g1ou91.png?width=627&format=png&auto=webp&s=db0142d4d32edf3b708bdb553c67f00b01a5afb9) + +Take a look at the above chart. This is showing the total US energy consumption by energy resource throughout history. One could make the argument that the total energy consumption has increased because the population has increased. This is true, so it is important to look at other factors. Take a look at the following: + +[Life expectancy over time](https://preview.redd.it/4uninn1i1ou91.png?width=3400&format=png&auto=webp&s=e3b951e74b18c316f34bb9c540eca81db9c86ca3) + +You can make the direct observation that **an increase in energy consumption resulted in higher life expectancy.** Of course, correlation is not always causation, but both history and scientific observation prove that energy access directly results in an increased standard of living. This is because energy is foundational to our life. It is foundational to our systems, powering and heating homes, and powering our cars. More recently, in the last 20 years, this energy is used for computation. This energy used for computation powers our systems and allows society to build new technologies. + +Energy, specifically electricity, is used to power our computer chips that are running the systems we enjoy today. These computer chips are **critical** to technological advancement. They give us the ability to run complex computational models that are responsible for so many different components of our lives. These systems we rely are all run by energy and built using energy. + +Presently, and in the future, these computer chips, and access to energy are incredibly important going forward. + +&#x200B; + +[part of the economic war](https://preview.redd.it/6dfkkic45ou91.png?width=1224&format=png&auto=webp&s=7682dc2bfa4a2759cf5a75e46f638bbdbc40e3d2) + +This is why these chip companies (TSMC, AMD, NVIDIA, Intel) are critical to development and also why US’s sanctions on China are so significant. This is just another piece of the economic war that is being fought today, but I digress. + +**The cost and accessibility of energy directly correlates to the standard of living of a country. Cheaper, accessible energy can be used as an indicator for a country’s development and economic strength. Electricity (energy) is the foundation of our society. It powers the processes and systems that we enjoy so freely. Cheap and easy access to energy is foundational to the standard of living and development of human society. This is observed in history, and theorized in science (Kardashev Scale).** + +# How Oil and Gas Work + +The Oil and Gas Industry is incredibly complex. Each stage of the process from getting it out of the ground to heating your home presents its own unique challenges. These challenges are usually material in nature, meaning that it is dependent on geographic/geologic location and infrastructure. + +Oil and gas are chemically the same thing. It is a hydrocarbon. Hydrocarbons are organic molecules, bounded together by chemical bonds. These organic molecules are hydrogen and carbon. The combination of these molecules determines if it is an oil, or gas. To be more specific, the combination of these molecules determines the chemical composition of the compound. The chemical composition of the compound determines its properties. At the surface, these compounds will exist as either liquid (oil), or gas (natural gas). When combusted, these chemical bonds break to release heat which we convert into electricity. + +Hydrocarbons are found underground, usually in a fluid state (gas or liquid), and rarely in a solid state (where it is mined). These underground locations are called reservoirs. Together, a bunch of reservoirs make up a play. This is what you observe on the Earth’s surface as oil or gas fields. Under the oil/gas field is a play, composed of multiple reservoirs. Each of these reservoirs produces gas, oil, or most often combination of both. + +&#x200B; + +[Map of US oil and gas plays](https://preview.redd.it/dowfeqdo1ou91.jpg?width=3275&format=pjpg&auto=webp&s=b6dddcacc53c42bc7d804ab30c0e1d962e7fad34) + +This is a map of the plays in the US. These plays exist all over the world. Each play represents their own challenges in production and market access. In fact, even reservoirs inside plays are very different from each other, and have their own challenges or opportunities. This is true all the way down to the lowest level of oil and gas supply, which are wells. If you have worked in oil, you will know that every well is different. This can be explained by the complexity of the processes required to extract this oil and gas from the ground. + +There are unique challenges and opportunities associated with each play. This is largely determined by the product it produces, the **geological location** (where it is underground), and the **geographical location** (where it is in the world). + +These factors all add up to a complex industry that is the O&G. Knowing this, you can now understand why **infrastructure, geography, and geology,** are so important to hydrocarbons. This is true as we start to compare the **cost and accessibility** of each oil and gas producing nation in the world. + +&#x200B; + +[Operating cost and oil production of different countries](https://preview.redd.it/ayfcj3sm1ou91.png?width=1743&format=png&auto=webp&s=3d0dcce974ab14d15093e1e57918a51a9aa57774) + +The geographic location of a country (and by extension the geological location), determines its cost to produce **(cost)** and its abundance (**accessibility).** Take a look at the above chart and you will observe that there are a few countries that stand out. Russia and Saudi Arabia are two that are extremely key to note. You’ll see here that operating cost is low, and oil production is significant. The US isn’t doing too bad for itself either, but I really want you to understand the relationship between cheap and accessible. + +Before we continue, also make the mental note that there is pretty much no significant EU presence in oil production. In our current status quo where oil and gas is the cheapest form of abundant energy, **EU is dependent on the rest of the world to supply it with energy.** + +Take a look at Canada in the above figure. Canada is a significant producer of oil, however, the cost to produce this oil is extremely high. This is due to several factors. The first being that Canadian oil and gas is both harder to extract from the ground, and to process. These are purely **geological reasons**. Additionally, after raw oil and gas is extracted, it requires more work to be processed. These challenges all contribute to a **higher operating cost**. More processing means **more infrastructure** needed (processing facilities, gas plants etc). This introduces both higher costs in labor to operate the facilities, and in engineering design. + +**Once this oil or gas is produced, it needs to be processed.** Water, impurities and unwanted chemical residuals are removed before it can be shipped out. If this product is oil, then the processed product is called **Crude Oil.** This name can be a little deceiving, as crude oil makes it seem that it is the first step of the process. **Crude Oil** is given to the name of oil that can be bought and sold on the market. Crude oil is used and purchased by refineries in order to produce jet fuel, kerosene, gasoline, and other refined products. The name of oil that comes out of the ground is different\*\*.\*\* + +This specification is defined by the market. You have probably heard of different types of oil, say... WTI, Brent. These are just specifications of crude, and they trade at similar but different prices. **The specification of the oil is dependent on its geography/geology.** Crude oil is a generalized name given to oil that you buy on the open market. This oil has a different spec, depending on the type of oil you want to buy. In North America, it is the responsibility of both the producer and the shipper (by pipeline, truck, rail, or boat) to ensure that the product is on-spec before it is sent to market. + +**In the oil and gas industry, your profitability is dependent on geology and geography.** Therefore, when looking at the supply side (production of oil and gas), we can conclude that **the cost and accessibility of this energy resource varies by country.** + +[Map of pipelines](https://preview.redd.it/wu2mwwta2ou91.png?width=726&format=png&auto=webp&s=192debb14e52e382d64773e5c8db6deeb011437b) + +Additionally, the transport of Oil and Gas also requires infrastructure. The safest and most cost effective way of doing this, is via pipeline. Therefore, we can conclude that **the supply and consumption of oil and gas resources are dependent on the infrastructure available.** A great example of this is in Alberta. + +&#x200B; + +[Alberta gas price \(AECO\) vs. US standard price \(Henry Hub\)](https://preview.redd.it/x1puv1tp1ou91.png?width=954&format=png&auto=webp&s=afb65fbd00c42a1e0b8ec2cd3b3f2ba705c0a26a) + +Let me explain to you what you are looking at. Henry Hub is the benchmark gas price used in North America. It is traded out of Louisiana, on the Chicago Mercantile Exchange (LOL FAMILIAR?). A significant amount of gas contracts and derivatives are traded out of the Chicago Mercantile Exchange. The other exchange is the Intercontinental Exchange (ICE), which you also may have heard of. These exchanges where Gas Futures and Oil Futures are traded, are **foundational to our energy infrastructure.** It’s also a **systemic risk** if it blows up. + +When you look at the above figure, you will notice that AECO (the name given to natural gas produced in Alberta) is sold at a significant discount when compared to the benchmark price (Henry). The reason for this is simply **market access**. Alberta has the capacity to produce more gas, but it is unable to sell it because the **pipelines are all full**. Canada has used up pretty much all it’s natural gas pipe export capacity. This means that Canadian gas producers must **limit their gas production (by shutting down facilities), because there is an infrastructure limitation.** + +You see here that an **oversupply of Alberta gas (AECO)** was constrained by infrastructure. This resulted in a drop in prices. **The very same conclusion can be made on the demand side.** + +**You can therefore attribute energy security of any particular nation with its ability to access cheap and secure oil and gas. This energy security is dependent on the geography and geology of where that country is located. Some countries have no access to oil and gas. This means they must import it from somewhere else. These countries do not have energy security.** + +Even though Alberta gas is **cheap and cost effective,** it is **not accessible enough** because of infrastructure limitations (aka, pipeline constraints). These constraints can provide a bottleneck anywhere along the system. This is the reason why Europe can not quickly or easily import more gas. + +**Infrastructure limitations leave some countries extremely exposed to energy deficiencies. This is something that Putin and OPEC have taken full advantage of.** + +\* \* Note that **gasoline** and **natural gas** are **two different resources.** Gasoline is a refined product. It is made from refining crude oil, and exists in a fluid form. You put gasoline in your car. Natural gas is methane. It exists in a gas form. If your house uses gas heating, it is using natural gas.  Most industrial processes depend on Natural Gas. + +&#x200B; + +# Energy as a weapon + +The following headline popped up earlier in September, but was left largely unnoticed by Superstonk. + +[Headline is from September 6, 2022](https://preview.redd.it/tmeqo3nj1ou91.png?width=1218&format=png&auto=webp&s=c59534e5ab7bd7cadf415987959414ba0e7fdd9f) + +I’ll break this down as simply as I can without getting into the nuance of what factors drive energy commodity prices. As I mentioned earlier, commodities, specifically energy commodities, are usually traded on CME and ICE. These are derivatives. In fact, the most common derivative that is used is a **Futures Contract**. This is exactly the same as the futures contracts that you are probably already aware of. [Futures](https://www.investopedia.com/terms/f/futurescontract.asp) are a legal agreement to buy or sell a particular commodity at a predetermined price in the future. These derivatives are effective because they allow for producers and consumers to hedge their risk, which is fundamental in price movements. + +When an energy firm sells natural gas via a futures contract, they have to put up collateral. This collateral represents the guarantee that they will deliver the gas at some point in the future. The amount of collateral, depends on the value of the contract, which is dependent on the underlying. In this case, the futures contract is a natural gas contract, so the underlying asset is natural gas. This means, the contract is dependent on the price of natural gas. When a producer of oil or gas commits to selling gas, they must put up collateral. This is so they don’t decide to just rugpull the counterparty who is buying the gas and pull a fail-to-deliver. + +When the price of natural gas goes up, these producers must put down more collateral. Being energy companies, whose business is focused on energy production, the industry doesn't exactly have $1.5 Trillion in their pockets to just put down as collateral. This is what happened in Europe. + +&#x200B; + +[EU Liquefied Natural Gas Prices](https://preview.redd.it/a08ns1ms1ou91.png?width=755&format=png&auto=webp&s=9c451ee95f029c6de3118163d598b74904971579) + +LNG is basically natural gas, compressed into a liquid form so that it can be transported over the ocean via boat. You can see pretty much exactly when the EU energy market got pushed to its limits (August 26, 2022). Given geopolitical context of the war in Ukraine, **you are basically looking at a figure of natural gas being used as an economic weapon.** What’s the result? Well... bailout, and we both know how well bailouts are improving the inflationary environment. + +&#x200B; + +[Emergency liquidity instruments? that's a complicated way of saying bail out....](https://preview.redd.it/5a8pd0fw1ou91.png?width=729&format=png&auto=webp&s=736b0ce5bc8f9ebe1107fe9854f7ac35e5fc35ef) + +Companies who are oil producers (US examples are Shell, Chevron, Exxon etc) must market their oil and gas resources. To do so, they sell them in a futures contract, with the promise to deliver the underlying commodity in the future. In this legal tender, the seller of the commodity must put down collateral, which is dependent on the price of the underlying commodity. So what happens if Natural Gas prices go to the moon, and you don’t have any money? Well… failed margin calls. In fact, $1.5 TRILLION worth. + +The increase of energy prices can also be observed at home in everyone’s wallets. This is partly why the UK government has put a price cap on energy (funded by debt). This is also one of the reasons why the US/EU attempted to put a price cap on energy. + +&#x200B; + +[October 16 headline](https://preview.redd.it/npb9uw9y1ou91.png?width=1239&format=png&auto=webp&s=7e9b043c604158559cbba3973418d56c9327da28) + +This price cap was intended to reduce the inflationary pressure from increasing gas prices, and make a dent in Russia's profits which were being used to fund the war. This inflationary pressure is increasing the rate at which we approach a breakpoint in the system. If you have read "The Dollar Endgame", you will understand that inflation can be driven in [two ways](https://www.investopedia.com/articles/personal-finance/073015/understand-different-types-inflation.asp). The first being fundamental money printing, and the second being “cost-push inflation”. + +Cost-push inflation is the general increase in costs of production, which drive an increase in prices, which in term inflates the prices of goods. This is a cycle that can feed on itself, where prices rise, and then wages must rise in order to maintain the status quo standard of living. + +**Either way, the increase in the cost of producing goods and services is a significant inflationary factor that is applying pressure on our system.** **It is accelerating the rate at which our system is collapsing. This is why the weaponization of energy resources is significant to our economy and market system. This is key to the economic and geopolitical war that is currently being fought by the clowns that run this world.** + +&#x200B; + +# What about GameStop? + +Because I am going to get some questions about what this means for GME, I will try to share my thought process. + +Based on social and economic factors we are witnessing today, the world is about to enter a period of rapid change and chaos. + +[Tomorrow?](https://preview.redd.it/bvnbiv702ou91.png?width=576&format=png&auto=webp&s=95a5601cad653b44675a3c8ba5231538e3456492) + +History shows us that, where there is chaos, there is opportunity. There is opportunity for change, and for great people ^(or apes) to rise to the occasion.  **This is true for ALL OF HISTORY, so it must be true for the future.** + +What I believe we are observing is the complete breakdown of the system, socially, and financially. Governments are hanging onto power, with some countries already in crisis (Iran, Sri Lanka, Bangladesh, Pakistan to name a few...). The Chinese are resentful of their own government. The one child policy has created a demographic crisis, and the handling of the Zero Covid Policy is causing the people to rise up (MSM not entirely reporting on this). In Russia, you have a failed and humiliated military committing acts of terrorism. Russian people are leaving the country in waves, resulting in significant brain drain. The citizens of The West are aware that the governments do not work for the people. + +When the system collapses and the money in your bank account vanishes (deflation, destruction of the banking system), or becomes worthless (hyperinflation), people around the world will lose **COMPLETE FAITH** in their government. Some might even be angry (understatement?) + +It’s my belief that the wealth and social gap have grown to such an extent that **most standing governments will collapse with the system.** The Chinese and Russian people will not allow their current institutions to remain in power because of their own internal struggles. Yes, these leaders will try to hang onto power and there will be violence and death, but I think that the poor people of the world will not stand for war and violence. The age of internet and social media will not allow for this to happen. + +This leads me to Gamestop and MOASS. The precedent that apes will set, destroying Wallstreet and exposing their crimes will set a precedent. **Gamestop and its partners are also strategically positioned to take advantage of this.** Blockchain provides the technology needed for the system that will replace the current one. This will result in an equal, new World Reserve Currency. This can be BTC or ETH, but it will be decentralized and deflationary in nature. Because of the crimes that apes will shine light on, and the transfer of wealth to apes (money is power), the world will follow America’s lead into decentralization. ***This is my own personal conclusion.*** + +**If the banking system will cease to exist, then we must be our own bank.** + +TLDR: + +The current system that we live in today was created because the US was the world’s dominant power at the end of WWII. At that time, this made sense, because of American military and economic might. This system, through the USD, WEF, and IMF give the US economic dominance over the rest of the world. This system is a system that the elites understand well. By understanding this, you can view geopolitics through a new lens and you can make sense of the economic war that is being fought. + +Energy consumption is key to a country’s growth and development. The most accessible source of energy presently is oil and gas. This source of energy has limitations, depending on the geology and geography of where its produced. In fact, the entire infrastructure has limitations. This is why certain regions, especially Europe are so dependent on energy imports. In a free market, when the supply of an asset goes down, given the demand stays the same, the price of the asset will rise. These gas supply cuts to Europe raise the price of energy. This energy is a feedstock to almost every product or process, and applies significant inflationary pressure on the system. This weaponization of energy resources has resulted in bailouts, and contributes to the increase in cost of living. The weaponization of this energy resource is accelerating the world towards a complete financial meltdown and systemic collapse. + +edit: messed up some formatting and grammar. I'm not a writer so hopefully it's mostly error free. + +edit 2: edited some more grammar and formatting, thx for reading! +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, 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! + +Last month RUBIC was the darling of this sub. It's going to explode in March... Instead it's dropped by almost half. I know HODL...HODL... I get it... but does anyone have any info on why they are dropping so much? I'm tempted to invest more now that it's so low, but also very weary... + +Thanks for any scoop. +I've [posted 3 years ago](https://www.reddit.com/r/financialindependence/comments/1bj3zs/starting_the_fi_game_late_with_a_family_of_4_one/) with a similar question and it was helpful to have the FI/RE community here pick over my budget and give suggestions. I'm wondering if you might do the same again. + +I'm extremely interested retiring early, but I just can't see how that will ever be possible in my current situation. I also don't see a way to remedy it without changing careers. Here are the details. I'm 31. I'm married and have 3 children. We are not going to have any more. I'm the sole source of income as day care would eat my wife's entire paycheck. I make ~$51,000 a year. Our monthly budget [looks like this.](http://imgur.com/a/B8lZE). + +We have $15k in an "emergency savings" account. + +We also have about $30k saved up so far in Roth IRAs. + +According to [MMM's simple math](http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/), at ~15% saving rate, I should be able to retire in 43 years when I'm ~73. + +**Main Question:** + +Is it even possible for me to Retire Early? + +**Sub Questions:** + +How can I factor in pension plan/s? My work is contributing money to a pension plan, but I don't think I get paid out that exact money when I go to collect it. I also **do** know that I can't collect it until I'm of retirement age or 30 years after I started my job here (58 for me). + +To me, it feels like the only way this might be achievable is if I get a new career. My current industry (videography) doesn't really have room to grow or get paid better. I could go back to school to learn Computer Science or something like that... but that would be 3+ years of schooling. Even then, if I am able to get a 70k job straight away, I would have a 35 - 40% savings rate, meaning it would still be ~25 years to retire after that. + +I guess I just feel hopeless. Any advice would be great. Thanks! + +EDIT: This sub is so great! Thank you for the feedback and encouragement. You are all so positive and friendly! Still reading and digesting. + +Happy weekend ladies and gentlemen, apes and apettes, bots and the poor hedgie interns that are forced to keep track of what’s happening here. + +Last week I made a post regarding transparency because 4 mods have disappeared from the moderator list. This has been addressed in a mod post, but it only mentioned they are gone, not why. Further it has been said that all of these mods are free to talk about it if they wish to do so, that’s why I’d like to invite them to share their part of the story. Reason for this is that it has come up that out of those four former moderators, three have been forcefully removed, partly even banned temporarily. In case someone missed it, these are the mods that have “left” the mod team: + +u/jsmar18 + +u/Bradduck_Flyntmoore + +u/DeadDevotion + +u/Chared945 + +The current mods are of course (like last week) invited to share their input. I know they have seen my post, but no one actually commented :') + +To the people shouting FUD/shill at me for posting this: While I agree that this sub should be focused on GME, the mod team is part of this sub and I do appreciate their work. I have always defended the team when people were unreasonable with them. But in this case, I think the community deserves transparency, but all it gets is silence on this matter. Some of these former mods were here since the early beginning, and I know for a fact that none of them just left quietly without reason. + +We keep demanding transparency in the stock market, we complain about the SEC doing nothing and staying quiet. We can’t even keep up to a better standard in our own sub, we should lead by example :) + +Ideas that came up in the previous post to improve transparency: + +* Have a log of removed posts +* Have weekly feedback posts +* Find ways to let the community help easing the moderators workload + +Thanks for taking your time reading this - and remember to DRS your shares, I sent another 29 on it’s way and it feels good knowing that there are 29 more shares that kenny can’t have :> + +&#x200B; + +EDIT: So one of the former mods did comment here, be sure to check the comments for more info! + +&#x200B; + +EDIT2: Pointing out mod departures seems to be a bannable offense, I will see you all in 7 days x) + +[rip](https://preview.redd.it/avezx655yrv91.png?width=820&format=png&auto=webp&s=3232d352074dc4243e79e6300c2f079a98f0510a) + +&#x200B; +I learned about FIRE in later 2018 (when I was 50). I was usually maxing out my 401k, but I was not very intentional about my goals. I’m 52M married to a 53F with two adult kids (one finished graduate school the other will graduate college in 2022 with no debt). My FIRE number is about 3.5M which I hope to hit by 2027 or sooner. I’m interested in FI (financial independence) but not the RE (Retire Early) part as much. I might be “retire earlier” at 59 instead of 67. My wife currently doesn’t work outside the home (she retired early, later we had kids, and she went full-time mom). + +**Background**: + +High income in MCOL area. First in my family to graduate college. My initial career was focused on public service, working for a local government agency. I didn’t like this work, and after college, I transitioned into technology as a programmer still in my early 20s. I worked crazy hours at startups and Fortune 500 companies for many years. A few years ago, I pivoted to a new industry but remained in technology. The new company is lower stress and more sustainable. Recently I took an internal transfer out of technology into a business role after earning another advanced degree. + +No debts except mortgage (340K) and about 300K in equity. On pace to pay off the mortgage in 11 years with a 2.375% rate. I could pay it off even faster, but that interest rate is so low… + +**Breakdown of investments**: + +\- IRA = 920K +\- Spouse IRA = 200K +\- 401k traditional = 445K +\- 401K Roth = 12K +\- 457b = 80K + +\- Brokerage = 260K +\- Cash = 90K + +Things I’ve learned on my FIRE journey - and things that have made me appreciate the FIRE community: + +1. I’m not as interested in retiring early because my family doesn’t have a strong generic track record of longevity. I need to have fun along the way, and no one is promised tomorrow. I do save money, but I also spend money on things that have meaning to me including a lot of travel. (well at least before the pandemic). I like having a top-tier health insurance plan from work. + +2. FIRE taught me about travel hacking. I was able to get a companion pass on Southwest for my wife, and now we travel together even on business trips. This has been life-changing, and we go visit our kids. + +3. FIRE inspired me to explore a side hustle. Not so much for the extra money, but more for pursuing a part-time role that I might transition into instead of an abrupt retirement. I now teach two college classes online. I’ve met new people, and I’m helping others. It has done a lot to reinvigorate my mental health after a year+ pandemic and working from home. It’s also helped me avoid tech job burnout that seems to be common by giving me other interesting problems to consider while helping others. I save 100% of this extra income compared to about 25% of my regular income. + +4. FIRE helped me to understand other options beyond just 401k retirement savings. That’s all I used to do. When I became eligible to also participate in a 457b, I ramped that and I started making catch-up contributions the year I turned 50. In 2020, I maxed out on the 457b. I’m now also making contributions to a Roth 401K with a generous match. + +5. FIRE taught me to save outside of retirement accounts too. I now have an emergency fund and a sizable brokerage account focused on index funds. This has given me TREMENDOUS freedom that I hadn’t imagined before. I now think of it as my Financial Independence money (I find the term F U money to be a bit vulgar for my tastes). If something happened, or if I couldn’t cope with the stress of my employment, I could make a change, and everything would be OK. A few years ago, that would have been stressful. I would always adapt to whatever insane deadline my employer would demand. I’ve intentionally moved to a better company, and less demanding role – and I’m happier! I have improved work/life balance and sufficient vacation to have fun with my family. + +6. FIRE helped me to understand that I don’t have to wait until I’ve 59 to access retirement accounts! The rule of 55 was a revelation to me that will give me new options in just a couple of years. + +7. FIRE taught me to use the Personal Capital app to calculate my FIRE number and monitor expenses. All of my investments are basically low-cost index mutual funds from Vanguard or Fidelity - except my wife’s IRA. She’s paying high fees for an investment advisor on her 200K. I’ve encouraged her to consider my strategies, and we will continue to revisit. + +8. I mostly buy used cars or occasionally a new one and drive it into the ground. I bought my kids late-model used cars as gifts, and I drive a used 2017, and my wife drives a used 2015. All paid for at this point. I will admit that as I have gotten older and I’ve managed to achieve financial goals – I’m tempted to buy a new 2022 Corvette when my youngest kid finishes college next spring. + +9. My kids have read “Simple Path to Wealth” at my request, and they are applying these principles now. I wish I had learned them in my 20s! My older kid already has an emergency fund and brokerage account. FIRE has taught me how to better prepare and teach my kids. + +10. I could work to lower my expenses and retire earlier; I’m just choosing not to pursue this right now. I have made some changes inspired by this forum, like switching to T-Mobile, keeping my iPhone for 4 years, and extending the life of my laptop to 5 years. Before FIRE, I would splurge on tech frequently. I still buy incredibly cool tech; I just now have a disciplined schedule of tech refresh that is not frequent. + +Anyway, I attribute a lot of my success to what I’ve learned here over the past 3 years! I don’t post much, but I learn a lot here so I thought I’d share what I’ve learned so far. +Hey guys. So I signed up for stock advisor since Amex has an offer where you get the yearly fee back as an account credit. Immediately on logging in, the very first thing it shows me is a page trying to upsell me to a service called Rule Breakers that costs 4 times as much. Seems like a massive red flag and dirty tactic since all the marketing before signing up focused on Stock Advisor. As to the stock picks themselves, it shows a very small handful of picks some of which seem pretty strange. New York Times, Pinterest, and Lemonade for example. + +Any thoughts/ Experience? +I'm purchasing a property. I am using the firm Slater & Gordon. The solicitor I have been assigned has been working towards the completion date we agreed. We have now reached the point where we can exchange contracts (completion will be done a few days later). + +I have now been asked to transfer the outstanding money via bank transfer. The figure is around £25k. + +The bank details have been sent on an Excel document with a breakdown of the costs. + +Is this a normal practice? How do I know I'm not about to fall victim to some long con? Is there any way to protect myself in the event this is a scam? + +Is PayPal a more secure route? I bank with Starling, for whatever that's worth. + +Basically, I just want to know that my money is safe and definitely not going where it shouldn't be. +Hi, + + +I hope you appreciate me using an anonymous account to ask for information here. + + +I have just received a windfall of £860,000 – I was expecting a large amount of money from something I do not wish to disclose, but this amount has blow way over my expectations. +I have spoken to a financial advice company but can’t help feel their fees of ~1% upon initial deposit and then ~1.5% per year are expensive, and would therefore like to consider going alone. They aim for a 6% return with ‘ safe investments’ + +But where do I start? +I am 25 years old so very far from retirement. I hold a stable job in a stable industry and earn £23k a year, I live in the north of the UK. + +Currently I rent a home for £560pm and ideally would like to buy a house outright as to not ever have to worry about accommodation costs again, say a £350k house in this area. That’s leave me with just over £500,000 left over. + + +My initial plan is to set up a few bank accounts and spread this out between them, just in case shit hits the fan. As the limit is £85k I need to open at least 6 accounts. + + +I do not wish to take too large a risk with my money, and if I could hit this 6% figure myself I would be more than happy. What do I do? Please help. + +Government Bonds? +ISA? +Managed funds? +European Indexs? + + +I feel very lost right now. + +[Investments] + +Hi Asx Bets! + +I'm ShadowedMan1942, I've been watching DW8 since it started falling, thinking it might turn around and hit a point where it could be a good purchase. Being a CPA, I took a dive down, past the Profit and Loss, the Balance Dheet and the Statement of cash (out)Flows into the juicy notes to see what the purchased businesses contributed to DW8. + +What I found was interesting and requires understanding of what Goodwill is. + +Goodwill is an intangible asset (not tied to something real.) it is brought onto the balance sheet because the business paid more than the assets are worth, and this balances out the price paid. + +This is normal, a successfully running business is hard to set up and you expect to be paid a premium due to this. What seems odd though, is paying 166-710 times the amount of the net identifiable assets. + +&#x200B; + +[Wine Delivery - 710 times higher than Net Identifiable assets](https://preview.redd.it/vih93hro6rk81.png?width=678&format=png&auto=webp&s=14c99ab99a362b2d0cb8c4c819c6246f89ca5963) + +First up it looks like DW8 is buying customers, the Balance Sheet purchased, close to worthless, but on the right side of that number. From a glance, they have a positive Current and non current asset to liability ratio. if the business was profitable, I wouldn't be expecting cashflow concerns and they would be off to the races. + +Given the low price I'd let this one go if it got DW8 significant numbers of customers. Sadly the number or magnitude of the increase from the purchase hasn't been disclosed and this aquisition has had issues causing them to recognise a $1.2 million loss from this deal. + +&#x200B; + +[Parton Wine Distribution - Possibly paying $747k for the priveledge of 4.7million in net liabilities.](https://preview.redd.it/2mxzqjxi6rk81.png?width=686&format=png&auto=webp&s=d77fd6d1b5cf81ec193ccff05a738ebb2607b29f) + +Hailed as a industry leading company, DW8 purchased this for a contingent consideration (an amount that DW8 May have to pay if Parton Performs.) Not bad if the 225 customers it brings with it are able to help the business scale and whether DW8 can cross sell these services to existing ones. + +Trouble is, thier balance sheet suggests this hasn't been the case. + +Current liabilities, (amounts owed to people that need to be paid in the next 12 months) vastly outstripping current assets. + +Property plant and equipment leveraged to the hilt. + +Big hefty payroll. (over 100 staff.) + +What I see here instead of a industry leading company, is a company in trouble, tettering on insolvency. + +&#x200B; + +[Kaddy - only paid 166.5 times the net identifiable assets.](https://preview.redd.it/277sykjb6rk81.png?width=650&format=png&auto=webp&s=f19ec2d02b742fc99f231977729184dec0c245e5) + +Ah Kaddy, Close to the wire again, perhaps a diamond in the rough. Another business with a good amount of liquidity, Some concerns over the long term,(9,919 in non current assets but 501007 in non current liabilities) but nothing that consistent profitability on the bottom line won't fix. + + +Kaddy adds around 2,000 customers and 450 suppliers, increasing DW8's target market outside of Wine and adds different alcholic beverages to the mix. at $11,387 per customer, I hope they like drinking. + + +$30,473,715 in good will purchases ($29,512,903 after impairment and amortisation.) These combinations and the ongoing costs from them have significantly contributed to skewing of the figures to the point that per share, the business has -0.2c in tangible assets, down from 0.6c. (share dilution is a whole other topic.) + +This has, in effect, been putin the business in a position where they owe more than the business has in tangible assets. Risky. + +Are these savvy business purchases during covid to get companies on the cheap or CEO gaming his Key performance metrics for personal gain? I want to know what you think. +Hi everyone, + +In 2007 the uranium spotprice reached 134 USD/lb. + +Today the uranium spotprice is at 50.34 USD/lb + +In **february 2007** (when uranium price was around 90USD/lb) the share prices of following uranium companies represented a much bigger enterprise value in USD per uranium pound resources of that company: + +\- Paladin Energy: 23.04 USD/lb that Paladin Energy had at that moment + +\- Denison Mines: 21.42 USD/lb that Denison Mines had at that moment + +\- UrAsia: 31.24 USD/lb that UrAsia had at that moment + +\- Forsys Metals: 16.02 + +\- ... + +Today (August 31, 2022 before opening) the share price of following uranium companies represented a much cheaper enterprise value in USD per uranium pound resources of that company, meaning they are significantly cheaper than in february 2007. + +\- Paladin Energy ([PDN.AX](https://PDN.AX): 0.8150 AUD/sh): 4.37 USD/lb --> to a hypothetical 23.04 USD/lb = 5x from today's share price --> let's cut that in half = it's still a sell price of 2.15 AUD/sh + +\- Deep Yellow ([DYL.AX](https://DYL.AX): 1.055 AUD/sh): 1.27 USD/lb --> to a hypothetical 20 USD/lb = 15x from today's share price --> let's cut that in half = it's still a sell price of 8.30 AUD/sh!!! + +\- Peninsula Energy ([PEN.AX](https://PEN.AX): 0.19 AUD/sh): 2.22 USD/lb --> to a hypothetical 20 USD/lb = 9x from today's share price --> let's cut that in half = it's still a sell price of 0.86 AUD/sh!!! + +\- Bannerman Energy ([BMN.AX](https://BMN.AX): 2.35 AUD/sh): 0.98 USD/lb --> to a hypothetical 15 USD/lb = 15x from today's share price --> let's cut that in half = it's still a sell price of 18 AUD/sh!!! + +\- Elevate Uranium ([EL8.AX](https://EL8.AX): 0.55 AUD/sh): 0.65 USD/lb --> to a hypothetical 10 USD/lb = 15x from today's share price --> let's cut that in half = it's still a sell price of 4.23 AUD/sh!!! + +\- ... + +\- Global Atomic ([GLO.TO](https://GLO.TO): 4.11CAD/sh): 2.75 USD/lb --> to a hypothetical 23.04 USD/lb = 8x from today's share price --> let's cut that in half = it's still a sell price of 17.25 CAD/sh + +\- ... + +The upside potential in those ASX listed uranium companies is huge. + +And if you don't trust the data, you can still sell it at 2x (imo, no financial advice) + +The uranium LT price has to go to at least 80 USD/lb from 51.50 USD/lb today to get the global uranium supply and demand back in equilibrium a few years after reaching those 80 USD/lb (You can't switch uranium mines back online in a month time!) + +Note: I just had a remark from someone on Reddit, and he/she is right, I forgot to mention that this isn't financial advice. And it's never financial advice. + +This is my own due diligence on the matter. Please do your own DD before investing. + +Cheers +EDIT (4/02/21): Highly recommend reading 'u/blinkerthinker's comments below after reading this DD. Some of his research is a little outdated, but he provides some balance to my optimism, on why you might *not* take a punt on Wisr + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +Gday again fellas, I'm back at it with another DD, this time on my highest conviction hold - Wisr. + +This stonk has been called many things: + +* 'immune to good news' - /u/GeoSciFi +* 'the most infuriating stock i have ever owned' - some boomer on hotcopper +* 'this cunt of a stock that just won't go up' - me, on several occasions + +This stock has pumped out positive announcement after positive announcement, but has basically traded sideways since June last year. And yet, i like the stock. Some time soon its going to get noticed again by the herd and start doing fun things. + +Wisr is not really a 🚀 stonk (for a potential rocket see my [last DD on VEN](https://www.reddit.com/r/ASX_Bets/comments/l5cc39/dd_on_vintage_energy_asxven/)). It is a low-risk, boring, park your money, investment stock that has a very good chance of doubling in the next 1-2 years, but will likely continue to do bugger all in the few months. + +**Market cap:** $202 Mill + +**Current share price:** $0.185 + +**Chart:** + +&#x200B; + +https://preview.redd.it/xen2b2ltg1f61.png?width=1162&format=png&auto=webp&s=ad1338e54c4ecac2ef25b24b4de3ac546006b99e + +**What do they do?** + +Wisr is a non-bank consumer loan provider and fintech company, offering personal loans to individuals, at interest rates that typically undercut traditional loan providers (banks). They are a 'neo-lender' in the same style as a neo-bank - their operations are entirely digital, with delivery of services through their app and website. Their business objective is to streamline the personal loan approval process to make it quicker and easier for consumers to get personal loans, and leverage their digital platform for scalable growth. So far it appears to be working. + +**Are they profitable?** + +Not yet. Wisr posted a $12M loss for H1FY21. Cashflow is currently negative, with a lot of $$$ going into growing their customer base via advertising and marketing, and low profit margins due to keeping their loan interest rates hyper-competitive (though margins have been increasing). I recall Henry Jennings from Marcus Today suggested they may be profitable around 2023, which seems plausible. I won't hazard a guess. + +The good thing is they are very cashed up, $29m in cash (as of 31 Dec 2020), so is is unlikely there will be any capital raising in the near future. + +**What has growth been like?** + +Phenomenal. The best thing Wisr has going for it at the moment is growth. Revenue growth has been greater than 30% for every half-year period since June 2018. Here are some recent figure from their quarterly reports: + +* Revenue growth of 354% between first half FY 2020 and first half FY 2021. Record revenue of $5.9m in Q2 FY 2021. +* 435 increase in operating revenue from Q1 FY 2021 - Q2 FY 2021 +* 166% growth in loan originations between first half FY 2020 and first half FY 2021 (and 35% increase from Q1 - Q2 FY 2021) +* 47,900 new Wisr profiles created in Q2 FY 2021. + +The company has been good at identifying and building new product lines to grow revenue. Most recently they entered the car financing industry in Sept 2020. + +They have a medium-term goal of a $1 billion loan book (but don't say when they expect to reach this) + +**What are the risks?** + +The main risks i can see are defaults on loans, and failure to sustain their growth rate. + +Wisr has stated in their last presentation that average credit score of loan recipients has increased, from 737 to 757 in Q2 FY2021. Note the average AUS credit score is approx 600. 90 day arrears have also fallen to 0.79% from 1.01% in Q1. + +I'm too retarded to make an intelligent sounding statement regarding growth risk, however given they have had greater than 30% growth per half-year since 2018, and have proven to be adept at identifying new product line opportunities, my personal belief is that they will continue to grow at a sustained rate over the next 2 years. + +**Are directors buying or selling?** + +Directors appear to be primarily buying. The last big sale by a director was by Craig Swanger, a non-executive director, who offloaded 35% of his shares in August 2020. However since then he's been buying small volumes, so maybe he needed a down payment on his next mansion, i dunno. + +I couldn't find any details on share ownership by the CEO, but John Nantes (executive chairman) holds 1.2% of all shares, and has been buying small allotments in second half 2020. + +**Are instos buying or selling?** + +This info is based purely on 'substantial shareholder transactions'. Appears to be mainly buying in 2020. Alceon Liquid Strategies bought an 11% stake during the March 2020 lows. Adcock Private Equity currently own 15.7% of shares on record, have bought a substantial amount in April 2020 but reduced their holding slightly in June and July 2020. + +**Other reasons i like the company** + +* One thing i like to do on companies i'm considering investing in (rather than trading) is to check out their employee scores on Glassdoor. Wisr has a 5-star average review on Glassdoor, suggesting they are likely good at retaining talent. +* I've tried their app and its tight. They have a good grasp of tech and UI. +* The company is lean, like a true tech company should be. Only 52 permanent employees on the books. + +**So why isn't the share price moving?** + +I don't fucking know. It should be, but its not. Volume has been low since August, so maybe its just a lack of attention, given all the exciting shit happening with lithium and GME and what not. I think there may also be a bit of self perpetuating cycle happening, where impatient traders sick of the sideways movement have sold into any strength, thereby pushing the price back into its trading range. + +**My entry and position** + +I'm currently holding 24,000 shares at an average price of 0.217. First bought in on 24/06/2020. + +The share price has developed strong support at 0.18. For me, this is why this stock represents such a low-risk buy. The chances of it falling below 0.17 and staying there for some time are lower than the chance of any of you every physically satisfying a woman. /u/The_lordofruin i will accept a permaban if WZR drops below 0.17 and stays there for more than a week in 2021 (you guys reading will have to hold me accountable). + +I'm looking at doubling my investment to 48,000 shares if the share price shows any indication of breaking out above 0.23 and staying there. I think this will be the catalyst for moves to 0.3+. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +As always, do your own research (I am clearly biased), and if you think i'm wrong then do me a favour and rip me to shreds. Also if you want sources for any of the above, most of it comes from data collated in Lincoln Stock Doctor, and a lot of the remainder from company reports. + +Happy hunting 🚀🚀🚀 +We're all aware of growing inflation and increasing cost of living. I thought it would be good to share how people are reducing their spending. + +I have been preparing meals in advance to avoid wasting food and prevent me from buying food when out of the house. I have also looked at my recurring bills, to make sure I'm paying the cheapest price. +So I've been in the housing market for a few months now. I keep a running tally here in South Brisbane area and I have inspected 143 houses at the 300-500k range. + +I have been half following the hype train on price decreases and I was on board a few months ago, but over the last month you guys seam to be missing one thing. + +This is the 6th house I've been outbid by 10%+ above the listing price (60k above my offer once). Your all making strong points about the supply and demand, the financial hardship etc etc. But your underestimating how absolutely stupid your fellow humans are. I feel like the general public's intelligence is going to be a stronger force in this than you all lead on. + +EDIT: All the negative comments seam to be calling me poor. The point wasn't me complaining I can't afford them. I'm just having fun with it and playing the long game. I'm actually kind of confused how my meaning was misunderstood. Honestly when I entered a contract a few months ago I was more disappointed the search was over (was terminated shortly after due to hidden severe structural termite damage). + +I'm just trying to say that people are highballing for homes still, which will offset allot of the supply/demand issues etc etc. Which I believe is both true and a good point. I think it will contribute allot to any lag in price drop. Why you all grumpy and calling me poor? I know people can afford them, people can afford $20 for a loaf of bread. It's still dumb. +Throwaway. Quick inaccurate numbers for context: both 40yo, married 19 years. NW: 1.5m. + +I own 3 companies, my shares are valued at about 15m (on paper). I expect to sell 2 of them in 2 & 4 years. + +My current comp: 1.2m +Hers: 100k +VHCOL. +2 small kids. +Married 19yrs. + +As an entrepreneur I’m used to ups and downs, hustling, but also taking care of my mental health, mindset, physical health etc. I also don’t mind spending a lot in order to live well now. My roadmap is clear (despite ups and downs). + +I’ve had set backs, which explain the relatively low NW. Generally as a strategy I’ve prioritized a higher eventual NW with a riskier path, over safe NW which might’ve ended lower (at least that was my fear). + +Wife comes from a frugal home. + +Moreover, her dad fatFired, then lost everything in a new business venture, and destroyed the family, plus millions in debt. Never recovered. + +She is obsessed with stability, and our current spending is raising her anxiety levels. + +On the one hand she’s enjoying the area we live in and the lifestyle we can afford. + +On the other hand, she is driving me crazy about money - she keeps feeling like we don’t have enough money, can’t afford our lifestyle etc. + +She refuses to spend on anything that might make our lives easier. + +We’re in couples therapy, and we both have therapists separately as well. She keeps wanting to cancel those because “it costs too much”. + +Ironically, her way of dealing with anxiety is shopping, which causes more anxiety. She keeps finding reasons to buy expensive clothes (I don’t mind, we can totally afford it), but again, gets stressed over it every month. + +She refuses to get help around the house because “it costs too much”, despite us being able to easily afford it. + +Ironically she also owns a business, and talented as hell. Makes 100k/yr in about 3-4 hours per day, but complains she has no time to work because she has to take care of the house and kids etc. + +Refuses to hear about being a stay at home mom. It’s a complex, i guess she doesn’t want to end up helpless like her mom after her dad’s downfall. + +As for me - no expensive hobbies, no status symbols, etc. but I don’t mind spending on things that help me reach my goals (e.g. personal assistant, help with the kids, cook, etc) - anything that frees up my time. + +Unfortunately she won’t cooperate so I can only do things that don’t have to do with the household, and feel like I’m held back and work harder. My ability to delegate ends when I’m out the office, and limited by her mindset. + +The one thing I don’t wanna compromise about is where we live. It costs a fortune, but it’s the best area in the country, best schools, business center of the country, etc. + +Thing is… + +As the kids grow, and with our city getting more and more expensive, decisions have to made. + +We need to either commit to this lifestyle or lower our expenses significantly in the hopes of it helping her anxiety (which I doubt), or her being calmer when I sell the first company, and hit FIRE (which I also doubt). + +At this point I fear we just want different things. She’s my high school sweetheart and love of my life, but I’m starting to think that maybe it’s best if we live separately. + +I kept waiting for her to “come around”. I keep thinking maybe I should’ve switched a strategy and prioritized a higher NW earlier rather than bigger later - but I doubt it really would’ve changed anything. I feel like it would’ve been the same with a 5m NW. don’t think we can realistically stay here. + +I’m tempted to change the strategy “for love”, but I can’t ignore that it will mean a much lower NW, and throwing away a few good millions if I sell now. And again, not sure it will solve anything. + +I can’t figure out how to bridge the gap in our mindset, and the things we want. + +Maybe if we separate and she will live in a lower cost area, on her own income + “alimony”, she will either get rid of her anxiety disorder - or come around and realize what she’s giving up for stability. + +I’m starting to realize I might have to choose between FatFIRE and her. + +Or maybe there’s a solution I’m not seeing? Maybe I’m looking at this childishly? Maybe I’m in an emotional loop I can’t escape? +[https://www.nyse.com/regulation/threshold-securities](https://www.nyse.com/regulation/threshold-securities) + +As expected, shorts have managed to dodge or postpone another set of obligations which many of you know as "Opex" (options expiry). XRT is back on the threshold list as of tonight. Some of you know that obligations can effectively be "laundered" through ETFs such as XRT. + +Smart people are trying to figure out how it was done, but we'll see how this affects GME over the next 13 days. After that, obligations are force-cleared. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Please keep the discussion about $BBBY in this thread so as to not spam the subreddit with this ticker. + +&#x200B; + +https://preview.redd.it/up3rsr715ii91.png?width=290&format=png&auto=webp&s=bc7f9375eceb42475d8b53f4c146b6ea8d5e2373 + +&#x200B; + +&#x200B; + +Many memestocks have made their way on /r/wallstreetbets radar over the years. Each made its way at different times and came with some great memes, some big wins, some mind-boggling losses, and some great memories, and each one brought on many new members to our community and to retail trading. + +I want to take this opportunity to reflect back during Jan. 2021 from behind the scenes. As we were just about to hit another milestone of 2 million subscribers. GME popped on our radar seemingly out of nowhere and very quickly gain a lot of traction similarly to $BBBY. + +/r/wallstreetbets was a bigger story than covid. Every major publication and media outlet in the world rushed to make some sense of what was going on, all requested interviews with us and what I noticed was happening, each was not looking to report the news but every journalist had their own version of a story and was only looking for us to go on record on many things that were just made up and just not true. With the amount of media coverage 7 million new members flooded into /r/wallstreetbets, the ethos of our community became extremely muddied as many outside our community came in to speak for us as the media rushed to get their version of the story out. + +I think it is exciting and amazing to see so many new members but let's not forget that a majority of members are new so take what is said with a grain of salt and do your own research. Not everything is a short squeeze, not everything is a cryptic message. + +/r/wallstreetbets first and foremost is about the come up and getting that bag. The stories about what some people are willing to risk to get the bag and stories about their success or failure are what make this place amazing and fun. It's your money and your own responsibility for how you choose to use it. Get in, get out, move on and repeat the process. + +Ty Have Fun. + +&#x200B; + +&#x200B; + +We are giving away some new /r/wallstreetbets deskmats! + +Winners will be picked at the end of the day. + +Follow our twitter [@offical\_WSB](https://twitter.com/official_Wsb) [dgenfrends](https://twitter.com/dgenfrends) + +Post what you think the price target BBBY will close at today ? ( Cutoff will be 2 hours before the market close). + +Post the best BBBY Meme + +Post your gains. + +&#x200B; + +https://preview.redd.it/m3iurie35ii91.png?width=960&format=png&auto=webp&s=5622a029199f3fff1d4c586954ba96f1d42235a1 +The below shows that GameStop should have filed their response to the BCG lawsuit yesterday by 11:59 PM. We don't appear to have any update on the docket though. Plaintiffs/defendants can request an extension to file responses, but we would see those filings on the docket. Theories? + +https://preview.redd.it/elf26if6veu81.png?width=930&format=png&auto=webp&s=c54bd42559cbf5031aaf7da283b3ba8bf8f1b3df +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I'd like to take a break from talking about the wheel or the merits of specific positions or underlyings. + +Let's assume you're picking good trades on good companies, etc, and talk about what comes next. Do you look at your portfolio as a whole, and if so what are you looking for? + +Any delta targets (neutral, less than X, etc)? Any total theta you like to see? How do you spread out positions in time (DTE) or underlying? What rules of thumb do you use for max risk at any time, in total or on a certain position? What % of capital do you have employed? + +Or nothing? As in if you see a trade you take it and don't worry about how it fits in. +I'd like to take a break from talking about the wheel or the merits of specific positions or underlyings. + +Let's assume you're picking good trades on good companies, etc, and talk about what comes next. Do you look at your portfolio as a whole, and if so what are you looking for? + +Any delta targets (neutral, less than X, etc)? Any total theta you like to see? How do you spread out positions in time (DTE) or underlying? What rules of thumb do you use for max risk at any time, in total or on a certain position? What % of capital do you have employed? + +Or nothing? As in if you see a trade you take it and don't worry about how it fits in. +EDIT: I added the [MacroVoices podcast episode](https://www.youtube.com/watch?v=4jDIifbY71g) where Chris Cole goes over the Dragon Portfolio. I would highly recommend listening to it as context for this post if you are not going to read the paper. + +- - - - - - - - + +Chris Cole released a paper last year called "The Allegory of the Hawk and the Serpent." The paper detailed how investors could protect and build their wealth over a 100 year period. If you haven't read the paper, I would highly recommend doing so [here](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwi95qub1ZXwAhVTHM0KHU7QDQMQFjAAegQIAxAD&url=https%3A%2F%2Fwww.macrovoices.com%2Fguest-content%2Flist-guest-publications%2F3502-the-allegory-of-the-hawk-and-serpent%2Ffile&usg=AOvVaw1RpaeVw0O4wF4dO4MIpgs5). In it, he details how our idea of ideal portfolio construction has been warped by the last 40 years, namely an environment where interest rates have been falling. This has lead most investment advisors to recommend a stock/bond portfolio. This is also known as the 60/40 portfolio. + +The idea behind the 60/40 portfolio is that stocks and bonds are anti-correlated, meaning when stocks go up, bonds go down and visa versa. This allows the investor to grow their wealth over time without major drawdowns. Avoiding major drawdowns is key in any portfolio construction. The issues arise when you start looking at periods beyond the early 80s. This was the time interest rates peaked, and they have been falling ever since. One of the question Chris Cole asks is "how would this portfolio perform over 100 years?" The answer is poorly. For two separate decades (the 30s and the 70s), this portfolio would have had significant drawdowns. Why? Because during these periods, stocks and bonds were positively correlated. Stocks and bonds moved up and down together. + +What is Chris Cole's solution? He calls it the Dragon Portfolio. A portfolio that has elements beyond those of stocks and bonds. He recommends the following allocation: + +* 20% Gold +* 20% Long Equity +* 20% Low Risk Long Duration Bonds +* 20% Commodity Trend +* 20% Long Volatility + +Not only does this portfolio perform well during periods like the 30s or 70s, but it also outperforms the traditional advice during the good decades. the portfolio also outperforms during good periods. Over the last 40 years, the Dragon Portfolio has an annualized rate of return of 10.1% while the 60/40 portfolio only returns 3.9% during the same period. + +For the retail investor, the first three elements are easy enough for the average investor to achieve. Simply invest in GLD, TLT and the equity index of your choice. Commodity trend is doable as well. Use a simple trend following system allocated to a basket of commodities. You could do a 40-50 day cross over on a broad commodity etf like DJP or GNR. However, Long Volatility proves trickier. Most investors don't know how to go long volatility beyond buying the VXX etf. Unfortunately, the carry cost makes this untenable. Take a look at the VXX chart over a five year time horizon. This thing is consistently melting down. Here is where Chris Cole makes his pitch. He offers professionally managed Long Volatility funds that fit into the Dragon Portfolio. Only downside is you must be a "Qualified Investor." Yes, qualified, not accredited. IE your net worth needs to be over 5 million dollars to even have a conversation about his products. + +Needless to say, the average retail investor does not have this net worth or else he'd be lying on a beach after telling his boss to shove it. My goal is to test a simple long volatility strategy in combination with the other elements of the Dragon Portfolio to see if the average retail investor can invest using Chris Cole's methodology. To do this, I opened up a paper trading account with $100,000 and will be tracking this portfolio on a weekly basis. I broke down the allocations as follows: + +* 20% GLD - Gold ETF +* 20% TLT - Long Duration US Government Bonds +* 20% RSP - Equal weight S&P 500. This tends to outperform the S&P 500 over time by about 1-2% per year +* 20% DJP - Long Bloomberg commodity index. Commodities are in an uptrend right now. I may change this to GNR. +* 1% IWM 90 day Long Straddle (rolling every 30 days) - Long Volatility representing long/short 100 shares of the Russell 2000. + +You might be wondering why I am doing the Russell 2000 straddle. Two reasons. First, the straddle is the definition long volatility. You are long a call and a put while betting the value of either leg will go further than the implied price represents. Chris Cole mentions in an interview on MacroVoices this is the broad outline for the long volatility component he uses. Second, the IWM is a small enough ETF that a $100,000 account can have 20% represented by a single put and call contract. We aren't trying to leverage this portion to the hilt. We are trying to keep the theta burn small enough that when a big risk on or risk off event happens, the straddle spikes up. The goal is to have anti-correlated assets classes. + +[Here](https://imgur.com/gallery/25913Hp) are my current allocations. I'll be posting updates every week and comparing the performance to a 60/40 portfolio as well as a long equity portfolio (100/0) to see how they perform. + +I would appreciate any feedback or advice on the strategy. +Western Union currently has a $7 Billion market cap, yet it has been producing over a billion dollars in quarterly revenue with an average quarterly net income of $200 million. It’s currently trading at $17.30 per share, which is below its March 2020 levels during the pandemic. Despite putting up consistent earnings, and beating Q3 estimates, WU is down 20% since the beginning of September. This surprises me given how well they adapted to covid with customers mainly using the WU website and online. WU has also been experimenting with blockchain technology and believes that they easily compete and adapt with the rise of cryptocurrency. Not to mention, they give a beautiful 5% annual dividend. In conclusion, although there hasn’t been much growth, WU’s earnings have seemed to match it pre-pandemic numbers yet is trading at 40% less. I just wanted to ask around and see if I am missing anything before I buy some shares. +So I'm about to do some research on Moderna, I actually don't think they have a long enough history for me to invest. But they have a low P/E, and no debt at all. + +Just wondering if other people here have done detailed research? Do they have other promising tech they are invested in? + +Basic numbers: + +P/E 6.2 + +6.8b in cash equivilants. + +13B in free cash flow during pandemic peak. + +75b in Market cap. + +They started in 2016 and obviously just timed everything perfectly. + +My assumptions before doing research: + +Pros: clearly, they possess practical tech, there will likely be future vaccinations needed, impressive ability to produce and roll out a vaccine, other countries still need vaccines in large quantities. + +Negs: Rich countries have the vaccine now three times over, Moderna will have to spend money downsizing. +Personally, I look for lackluster net incomes, ebitdas, moats, relative EV/sales, P/E both to its history AND the industry and also Bad EV/CF. Also I look to see it trading near All time highs. One I’m seeing right now is Called VTR. + +What are other important things to look for when looking for a “bad” bearish stock? I want to start more short positions to make my portfolio more Delta neutral given I think the market is pretty overvalued right now. + +Thoughts and examples? +Also what is a good method for finding stocks hidden in the dirt? I’m trying to go through large lists of traded stocks from A to Z and it feels like a tremendous tedious task. +Not sure if this discussion happened before, but I am currently thinking about shifting my portfolio quite a bit. + +Next to 33% stocks (mainly SPY), 25% of my portfolio is in local real estate. I consider selling that since it only returns about 3% and ist just a pain to deal with. + +I get so frustrated sometimes that I wake up thinking of just selling everything, putting it in SPY and forgetting about it for 10 years. + +However, since I am already heavily invested in SPY, I am considering the fact that the real estate seems to be a good hedge against a lot of stuff that is happening right now. + +Are REIT's/Dividend focused ETF's closer to real estate or closer to the SPY? + +I've found a bunch of REIT's that return the same I get with my real estate in dividends with zero effort and even less taxes, plus the added volatility. What are your thoughts on swapping real estate for broad REIT's/Dividend ETF's? Or just yank everything I don't need for a living into something like SPY? +Hi all, a stock that I've been following but do not own (LEGH) Just filed an 8-k that stated this: + +&#x200B; + +> On March 28, 2022, the Senior Management of Legacy Housing Corporation (the “Company”) commenced an internal review of issues that include, but may not be limited to, certain aspects of the Company's methods of inventory valuation, expensing of costs of inventory and related prepaid inventory and accounts payable. The internal review is ongoing. Because the internal review referred to above include matters related to accounting for the year ended December 31, 2021, the Company currently does not anticipate that it will be able to file timely its Annual Report on Form 10-K for the year ended December 31, 2021, which has an extended due date of March 31, 2022. Following the completion of the internal review, the timing of which cannot be estimated, the Company will make a determination regarding whether it will need to revise, correct or restate its financial statements for any previous quarter or fiscal year as well as the timing of filing its Annual Report on Form 10-K for the year ended December 31, 2021. + +The stock dropped 8% on the news, what does this really mean? I understand it's something about accounting errors, but I do not know if its something more serious and I should stay away from this company. Is this a fairly normal thing to happen? + +Thanks in advance. +I’ve heard many people talk about different valuation methods, but I’m only familiar with relative and DCF. What others do you use and is there a time when one is more appropriate than another? +I am drawn to 30% net margins, 45% ROA, low net debt, 20% FCF margins, very low PE, P/FCF and EV/EBITDA. Share count is shrinking. + +I like diversification efforts away from pure dependence on their ugly clogs. Stock is down a lot YTD. Upside to Street and Value Line targets seems attractive. + +I worry about the world's consumers waking up tomorrow and saying "Damn, these things are ugly. What was I thinking ?'" I do worry a bit about non clog products distracting management or being less profitable than rheir base biz. + +I welcome your thoughts. Thanks. +I have searched the internet but I am not having a lot of luck finding good advice for my situation. As this is a community that probably buys expensive houses, I'm hoping you can help me out. I am living in a VHCOL area, and my wife and I are looking to buy our first home in the next \~2-5 years (we can be somewhat flexible). Homes around me start at \~1 million dollars, so we will likely need at *least* $200,000 for a downpayment (more if we want a bigger home). Right now, we have \~$160,000 in a taxable account for a downpayment, and we add an additional $2000 per month. We both make good salaries, and we could potentially put an additional $6000 per month towards the house if we needed to but it currently goes to tax-advantaged retirement accounts. In July 2020, I am very likely (>95%) to get a salary increase of \~$6000/month that will mostly be put towards the house as well. + +&#x200B; + +Given all that, where would you keep the $160,000+ dollars for the time being? It seems like a waste to keep it all in cash, but if there were a large recession and we couldn't buy a house when we wanted to (and prices were low) that would be a big bummer. We are also thinking about starting our family soon. What do you think about a large percentage in a bonds ETF? + +&#x200B; + +I'm sure others have faced this scenerio, but I haven't found a lot of specific guidance for these high downpayment amounts. Most websites advise you to hold a downpayment in cash, but that usually assumes \~$30,000 - $40,000 saved and a lower income generating ability. Thanks in advance for your advice. +Long story short, I was basically raised in a privileged family and am on my own now, but realized something today. Although the people in my family have a lot of money from inherited business/business ties they actually don't really spend their money too well. For instance my one family member that has a salary that's astronomical says he has no retirement fund or savings and needs to keep working at his business to sustain himself (I feel like this is very unusual since he has very extravagant expenses such as belonging to multiple country clubs and having many vehicles/houses). + +&#x200B; + +I feel like I've been misled on how to spend my money and it's made my life hard. For instance, the last car I've had was a lease. I was told to lease by my fam that claimed it was a cheap option, and it seemed good as a monthly payment and I didn't really think about it too hard. But now I can't believe how much I would've saved if I had just put that initial payment down on a used car that was decent and could last a long time as opposed to a relatively new car that I'd only have for 3 years. I'm not someone that really even needs to be driving a new car. They just told me that was how it's done so I just assumed it was the way to go for some reason lol + +&#x200B; + +I know nothing and am financially illiterate. Is there a place/website that teaches people better financial skills. Sorry for the long post but I think I only now just realized that some bad habits have been ingrained into me (after hearing that one family member has no retirement fund and little savings \[which is the most absurd thing I've ever heard\]). + +&#x200B; + +Please be nice, I know this post might sound ridiculous. I just want help. +I can get a 300k loan at 5% from a family member. + +I currently make 60k per year. + +I have 150k in the bank. + +My only debt currently is my mortgage. + +How would you invest for consistent cash flow and building wealth? I am open to any and all real estate investment strategies here in Texas. Thanks! +I’m looking at houses right now, preferably a multi unit one that I can house hack and rent out one side in while I live in the other for a year, before renting out both sides. + +But I’m looking at prices in my area, everything is 450k+ and rent is max 1200 in my area for the houses I’m looking at. There’s no way anyone could ever follow the 1% rule for rent and charge 4500$ for rent!? + +Any advice? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +https://www.youtube.com/user/agsmandrew + +here is his youtube channel. theres more then just personal finance and its all for free! + +EDIT: +HEY!! +Andrew Hingston has kindly commented with the dropbox link to his stuff in this comment + +https://www.reddit.com/r/personalfinance/comments/4f5i2i/aus_i_do_a_personal_finance_subject_at_university/d272b8q?context=3 +I’m a bit new to investing, and other than blue chip stocks I’ve never really invested in much. + +But my family comes from a small community in northern Canada that is clearly dying. There’s a house that would easily be worth $500,000 in the south, or possibly closer to a million in southern Ontario. Due to the town having around 300 people though and shrinking every day it’s far cheaper than you’d expect. + +I’m curious if buying this place as a summer home to stay in during the summer (duh) is a bad investment however, what with property taxes and the like. +If you are a capable employee, you have the ability to get a corporate job or even a career that's not soul crushing. Shop around while you interview, ask questions to ensure its an environment you'll feel comfortable in and a boss you'll enjoy working with. There's nothing magical about coffee shops or retail. Just like those, some corporate jobs are good, and some are bad. It's up to you to find one. Shit, I'm 2 for 2 on good companies, and 8 for 10 on acceptable bosses. Take responsibility for your mental health! +Last week we experienced a small dip and a decent bounce back on Friday. Many people on the news and online are fear mongering about a crash soon to come. I personally feel that we are I the late stage of a bull cycle now that so many retailer investors are coming out to play, although with corona it could be different. I estimate a major pull back in 2022-2023. After discussing the new picks and notable mentions, I'd like to go over a basic hedging strategy for anyone that is nervous. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Adding to Watchlist:** + +$**NIO**\- In case you have been living under a rock, NIO is a Chinese electric car company. They have the lead as far as Chinese electric luxury vehicles are concerned in China. Take it from someone that lives in Shanghai - they are everywhere. Personally, I like the interiors of these cars better than Tesla and I think this is easily an $85-$100 stock. Start buying into long positions now and the next EV push should pay you nicely. Deep ITM LEAPS? + +* Target Price: $85 +* Entry: <$55 +* Risk: 4 +* Timeframe: 5-8 months + +https://preview.redd.it/ztjbbbm5wxi61.png?width=1018&format=png&auto=webp&s=40b15526a2778f139d906a13e8a2c6b6f9a633bb + + + +$**OZON**\- Ozon.ru is an ecommerce giant of Russia, like Amazon is to the US. Ecommerce will continually growing in Russia, and in my opinion we jump on this before it blows up more like Amazon or Jumia did. $OZON is trading in a parallel channel, and if it fills a gap at around $57 I will be entering then. + +* Target Price: $75 +* Entry: <$57 +* Risk: 4 +* Timeframe: 2-5 months + +https://preview.redd.it/k57dg9a7wxi61.png?width=1018&format=png&auto=webp&s=41e31ebaeee595b58f2c18e1ee39d1a36713fab9 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +$**PLTR**\- Not only has Ark Invest been buying up Palantir during the dip last week, so have I. I will continue dollar cost averaging into my call option positions (Aug 21, $30 Strike). I'll be keeping my entry and target the same. + +https://preview.redd.it/1m5zok39wxi61.png?width=1018&format=png&auto=webp&s=4519f21afa07c5f40f49e0fbbd0d30752856cf40 + +$**WKHS**\- Workhorse Group is an EV manufacturer currently focused on manufacturing electrically powered delivery and utility vehicles. Recently $WKHS has dipped into and is near my 'Buy Zone'. With the Biden administration waiting to electrify all of the vehicles in the federal fleet, this company could be in a good situation to get a contract for USPS let's say. If that were to happen, there would be a buying frenzy. Since it is near my support, I'd like to be getting some mid - long term call options. I'll keep my target and entry the same on this one for now. + +https://preview.redd.it/4bg27tkawxi61.png?width=1018&format=png&auto=webp&s=ff2fc712a3071b3ac5f8a309dbd345a56b63abea + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Hedge: + +**$DIA:** Let's look at far OTM Puts on Dow Jones ETF. For me, this is more of an 'insurance policy' than it is an actual hedge, but it is so cheap that its hard to not consider. At Jan 22 expiration, the $95 put is only $30 right now. Spending a couple hundred, or a thousand, dollars on these could make you a lot of money if the market did crash. The question is when will it have a significant correction. If it is before Jan 22, these premiums will skyrocket. In 2008, the Dow lost half of its value. If something like this happens again based on increased IV and the strike not as far OTM, I estimate these would 20-50x. + +https://preview.redd.it/493ja88dwxi61.png?width=1018&format=png&auto=webp&s=81adc4079e1ff2cba082b7db4f95f49c9f34d343 + +For arguments sake, let's say the same thing happened this year as in 2008 and the Dow lost 50% of its value so $DIA dropped to $150. That puts our $95/$100 strike about $50 out of the money. Currently, $50 OTM is going for $1000. That is about 33x even with low IV of 25%. Assuming the IV would skyrocket if the markets were crashing and these puts would be in much higher demand, this could be higher. + +https://preview.redd.it/qqo15jmewxi61.png?width=1018&format=png&auto=webp&s=e94e703933f35435f0a1b59763fe88ae0a116a1c + + + +If the market doesn't crash by Jan 22, you'll lose the money (some or all), but that is pretty much how 'insurance' works. + +Let me know if you agree or disagree with my cheap hedge. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Note: Risk (1 out of 5) is my opinion of how risky the stock and these plays are; 1 being the lowest and 5 is the highest. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Disclaimer: The comments opinions and analysis expressed herein are for informational and educational purpose only and should not be considered as individual advice or recommendations. +Of course being a bozo I got way too excited at the start of the year and bought into a number of stocks that were spoken about and ‘researched’ in this subreddit and another’s. + +Now having seen a lot of those stocks completely tumble over the past month or so I have been starting to think back to why I bought into them. + +There were a number of people declaring how many shares they bought and what price. There was a huge amount of excitement in the conversations with people egging each other on. The more I think about it the more I feel that those were either pumpers or bits?. + +Either way I haven’t seen many of those types of posts recently so perhaps everyone else got caught up in the pump and dumps or perhaps as the market is slowly falling the pumpers and hypers are also feeling the pain? + +I’m currently in on +- abml +- alpp +- aezs +- pulm +- takof +- gaxy +- llkkf +- rmo +[On July 7, 2022, Diana Saadeh-Jajeh was announced to be the new GameStop CFO to replace Michael Recupero.](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-cfo-change) There is nothing to be alarmed because this has been a long time coming. SEC filings report she is a long-time GME employee and has been already in this role for a while. + +https://preview.redd.it/gyetcal6boa91.png?width=2795&format=png&auto=webp&s=cac654b6a8362c3439ef188fccb518dfce79f835 + +[Saadeh-Jajeh was first employed by GME in June 2020 as the company's Senior Vice President and Chief Accounting Officer](https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000119312520186820/d945144d8k.htm). + +https://preview.redd.it/ilg5tzpw9oa91.png?width=2132&format=png&auto=webp&s=306fd39454929c84ce72a69d2df6339b94020855 + +She assumed the position of Senior Vice President and Chief Account Office when Bell was fired. + +https://preview.redd.it/jgad5kqkdoa91.png?width=2092&format=png&auto=webp&s=61cdb2c35f54aab14f69e8ad897f7cf1ddc8df23 + +[Beginning March 2021, She has been working as GameStop's interim CFO](https://www.sec.gov/Archives/edgar/data/0001326380/000122538521000131/xslF345X03/edgar.xml). + +https://preview.redd.it/yid4omtmaoa91.png?width=3775&format=png&auto=webp&s=43f4f66eeaff0674a753a47d0e1fe6bda7ded1e6 + +She worked in that position until [Michael Recupero was hired as CFO in July 2021.](https://www.sec.gov/Archives/edgar/data/0001326380/000132638021000066/gme-20210501.htm) It would appear GME waited a year to fire Recupero as a formality and promote Diana Saadeh-Jajeh to CFO. + +https://preview.redd.it/80ezdq28eoa91.png?width=1845&format=png&auto=webp&s=250495d74ef9d1b70908ad1fa13bef67b9fa98e2 + +If you have a company looking to hire a manager for a team which meanwhile has been autonomously successful at achieving goals, you do not search outside the company to fill this role. You hire internally and promote the ones that have stepped up and assumed the leadership position. + +[Work is so sexy](https://twitter.com/ryancohen/status/1533719752568446976?s=20&t=ixaMLb-vfGE9z33mkb7wWQ) + +https://preview.redd.it/y3cj2xboboa91.png?width=1027&format=png&auto=webp&s=124333eab7f7931fc08efd085b62bf6b817f228b + +Edit: + +* Added Recupero's start date + * Saadeh-Jajeh was not interim CFO during Recupero's employment + +&#x200B; + +Thoughts: + +People can crush resume building and interviews but turn out to be crap hires. This may be a reason as to why Recupero was hired but later let go. He just wasn't a good hire. It happens all the time. +The wife and I have lived and continue to live very frugally. She makes decent coin and I have some solid passive income plus a recent little inheritance gift that takes the pressure off in case of an emergency. It's not a fortune but we could easily live for a couple of years on it given our ability to squeeze a dollar. + +So we actually had a conversation about what we wanted to DO now that working to pay the bills was not our primary concern anymore. We both have a great deal of freedom and it's pretty damn exhilarating for us both. + +She actually chose to keep working because she's one of the rare few who LOVES her job and loves the people she works with. She doesn't really care how much she makes. Not gonna complain about that because it keeps adding to the ol' nest egg. + +But me? I've loved being self employed for years (real estate investments) and now things are set up so that I rarely have to put in more than a day a month with actual 'work', mostly just accounting, the rest of my time is free to do as I please. + +So I'm going to do what I've always loved to do. I'm going to buy and sell classic cars. Not a thousand of them, maybe a few projects a year. Buy nice classics that need a little love, refurbish, refinish, restore and complete them, and then sell them to new loving owners and move on to the next. + +I've done it for 40 years as a hobby but now I get to actually get serious about it. That means buying a big diesel and two/three car trailer. That means building a big shop and maybe even adding a paint booth. That means ditching my old hand me down tools and buying good quality ones when I need them. That means road trips (I LOVE road trips) to the dry areas of the country and hours scanning ads and the countryside for those elusive one in a thousand barn finds. That means bringing a neglected piece of automotive history home and making her back into the glorious machine she once was. And that means a whole lot of fun because it's always been my passion. + +Everyone has a passion and mine has been cars since I was 5 years old. At 56 I finally get to fully indulge that passion and all our hard work and saving has given me the freedom to do it. + +It's all about delayed gratification and self control, but damn, I'm glad I learned those lesson a long time ago. It's payback time and the good times start this week. I'm over the moon excited! Just thought I'd share :) + +As title states I extremely want this car for when I’m 18. After Valentine’s Day I will be putting all my money towards driving tests and I am already doing tests online + via the official DVSA apps, getting my knowledge as best as I can so I can pass and know everything ASAP. + +I will be getting a job straight away after Valentines(or attempting to) and I am even willing to work 2 jobs if it means I can afford this car monthly. I am very determined and confident that if I try, and also get a good job, I can 100% have this car(I also do stuff online to make a good amount of money but that’s not consistent nor permanent) + +As it’s A Mustang I want, it is £800+ per month, + taxes, is there any advice or information anyone can give me? Whether that be tax info, car info, job info etc, literally any info will be of great great help. + +Thank you in advance to any kind person willing to respond and share their mind! + + +Edit: make 1.5+ a month outside of a job, when I get a job my monthly money will be over 3x what the car costs monthly, I can financially keep that up. + +Also want to say me wanting this car is in no way because of attention or others or anything, I’ve always really loved Mustangs and always wanted one, more recently since I’m getting to the age of being able to drive I’ve wanted one + +although already been put into my head I’m stupid for wanting this and for saying this, so put off everything already. + +Thank you to any person who left a decent comment and not calling me out on being a retard +**Preamble:** Jim Cramer is definitely a controversial figure. While argument can be made on whether he is on the side of retail investors or not, what I really wanted to know was how his stock picks are performing. Surprisingly, there were no trackers for the performance of Cramer’s pick in his program (his program is Mad Money, for those who are not familiar). + +**Where the data is from:** [here](https://madmoney.thestreet.com/screener/index.cfm). All the 19,201 stock picks made by Cramer are listed here. His stock picks are updated here daily. While Cramer mentions a lot of stocks in his program, I only considered the stocks that Cramer specifically recommended that you should buy or sell. (I have ignored the stocks where Cramer says he likes/dislikes the stock since I felt that it’s a vague statement and cannot be considered as a buy/sell recommendation). + +**Analysis:** There were 725 buy/sell recommendations made by Cramer in 2021. Out of this, 651 were Buy and 74 were Sell. For both sets, I calculated the stock price change across four periods. + +a. One Day + +b. One Week + +c. One Month + +d. Price Change till date + +I also checked what percentage of Cramer’s calls were right across different time periods. + +**Results:** + +https://preview.redd.it/v6v86fgm5yt61.png?width=624&format=png&auto=webp&s=46d99ad37e0f07803910a0ee250883aee7be43ee + + Cramer made a total of 651 buy recommendations over the course of the past 4 months. If you had invested in every single stock, he recommended and then pulled out the next day, the returns were a staggering 555%. He was also right on 58.9% of the calls he made (Benchmark being 50% since anyone can pick a random stock and the probability of the stock going up is 50%). The weekly performance returns are also a respectable 42% but he was barely touching 50% in the percentage of right picks. One month from his recommendations, the stock return is an abysmal -223% and he was wrong more than he was right on his calls. The returns till date are also phenomenal with 446% return and Cramer being right a whopping 63.6% in his stock picks. + +&#x200B; + +https://preview.redd.it/7tt84a2o5yt61.png?width=607&format=png&auto=webp&s=6bc245cf01922010a13705e721d564a4299ebbac + +Cramer’s sell recommendations performed better than his buy recommendations across different time periods. This stat is particularly commendable since we were in a predominantly bull market across the last 4 months. 57.5% of the stocks he recommended as a sell dropped in price the next day with a cumulative return of -118.9%. This trend is observed across the time period with returns for the sell recommendations being negative. The only statistic that is working against Cramer’s sell recommendation is the percentage of right picks till date being only 42%. But still the cumulative return for all the stocks was -206%. Please note that Cramer made only 74 sell recommendations against a whopping 651 buy recommendations during the same period of time. + +**Limitations of the analysis** + +The above analysis is far from perfect and has multiple limitations. First, Cramer has made a total of 19K recommendations in his program. I have only analyzed his 2021 recommendations. The site which provides the data is extremely limited in terms of how we can access the data. Also, currently the data is pulled from street.com which was earlier owned by Cramer. They update the data everyday after the show, but I could not verify if they go back and change the calls down the line (very unlikely with it being a large business). Also, for the return calculations, I have only used the closing price of the stock across the time periods. The returns can theoretically be higher if you consider the intra-day highs and lows. + +**Conclusion** + +No matter how we feel about Cramer, the one-day returns on both his buy and sell recommendations have been phenomenal. I started the analysis thinking that the returns would be mediocre at best as there were no trackers actively tracking the returns from his calls. But the data points otherwise. It seems that there is a lot of scope for short term plays based on Cramer’s recommendation. Let me know what you think! + +Google Sheet link containing all the recommendations and analysis: [here](https://docs.google.com/spreadsheets/d/1ah4JvEMIlGopn-zOjNwB8iWCUO4r-W5FV19oX_tM9oQ/edit?usp=sharing) + +*Disclaimer: I am not a financial advisor and in no way related to Cramer or the Mad Money show.* +Hi all, I was reading a post on another sub of someone sharing their expenses for last year when it got me thinking about my own and it hit me: this month marks 5 years that my wife and I have been using YNAB! So I decided to take some time and reflect and figured I would share. By all means let me know if there are things I miss in this data! + +For starters, wow what an absolute change 5 years has made and not just financially. YNAB itself brought upon us the concept of budgeting and tracking out finances when up until that point our lives had consisted of a "buy it, figure out how to pay for it later" mentality. Thankfully we were never really big spenders so we started from a decent spot. Secondly, looking at this it's relatively easy for me to see life changes along the way. From renting to mortgage, from having non-mortgage debt to having none. Life uh, finds a way. + +Let's start at the top and look at total spending over the past 5 years https://imgur.com/LVlo2DY + +Nearly $500k, ouch. Breaking it down further though it looks like 32% of that went to Savings which is our largest top-level category followed by Monthly bills(ouch again). Debt was a pain and everyday expenses really added up as well. Instead of looking at raw totals though I think taking a look at how things have changed over time is better https://imgur.com/geobw9v + +Apologies but it looks like YNAB does not include a legend so here is what the colors mean: + +* Red - Monthly bills +* Orange - Everyday Expenses +* Green(Beige?) - Savings +* Blue - Debt + +A couple of trends/events I am able to pluck out of this: + +* Non-mortgage debt was eliminated mid-2018(yay) meaning up until that point it was much more than a 17% expense that the totals had shown +* Monthly bills were pretty bang on until mid 2016. Correlates with a cross country move. Everyday Expenses took a beating for a couple of months as well +* Monthly expenses spiked in mid 2017 and haven't really come down. This reflects the transition from renting to owning +* Savings is highly irregular. Spikes I can mostly explain as IRA contributions.. but the more frequent minor irregularties not so much The last couple of years the bulk of the savings comes in the first couple months of a new year when contributions can be made + +That provides a pretty good high-level overview, let's take a peak at the 4 different master categories individually. Starting with savings +https://imgur.com/pfTyopB + +Sounds about right, looks like IRA contributions have made up about 50% of the category. I'm also assuming this has some 2014 contributions in there as well given the totals. After that the totals seem to get a bit smaller with other things we have saved up for including purchasing a home, going on vacation, gifting and donating and thankfully we really haven't had to use our emergency fund all that much in the last 5 years! Woohoo. What in the world is going on with Services/appliances/Electronics though? I did a little digging and it looks like it mostly breaks down thus: +* $15k landscaping and house projects +* $5.5k "we bought a house now we need a washer/dryer/lawn mower etc. for it" +* $5k one-time luxury purchases +* $4k electronics (phone's/TV/routers etc.) +* $2k furniture +* $2k misc services (plumbers/chimney sweepers etc.) + +I would not have guessed we spent that much on electronics. Holy hell. :\ Moving on to the next category: Monthly bills https://imgur.com/iaHtkvS + +Right off the bat: putting a roof over our heads is expensive. To the tune of nearly 82% of the entire category over the last 5 years. Second observation.. these subcategories are all over the place. "Electricity" and "Utilities"? Oh right.. we basically got lazy sometime in 2016 and decided to stop tracking electricity and lump it in with gas/garbage/water in the "utilities" category. Looking closer at utilities: + +* Nearly $4.5k is from LP.. which just began in 2017 with the home purchase. We need to switch, that's ridiculous! +* Another $1k in natural gas for the previous 2 years(MUCH CHEAPER) +* Rest mostly electric with water/trash combining for not even $50/month over the period + +Nothing else too exciting about this category. Next up.. every day expenses https://imgur.com/leMPHm7 + +This one I'm kind of proud of. This is where I feel like we have a lot of control over our spending. Right off the bat, our largest expense is groceries consuming nearly a quarter of the entire subcategories cost. Over 5 years though, that comes out to around $400/month. Not too shabby if I do say so myself! The next highest, homegoods is a bit high for my liking as is miscellaneous but they are what they are I suppose. For our budgeting homegoods is basically things like cleaning supplies, paper products, decorations, health and beauty and so on. Misc are things like car registrations, haircuts, credit card fees, amazon prime etc. For the last year we have only budgeted $50 a month for this category, although looking at purchases from a few years ago it looks like we were just throwing random junk in here that belongs better elsewhere. Maybe I'm not so proud of this master category. Oh well, live and learn I suppose! Last observation: pets are cheap, awesome. Sub categories are clothing/work expenses/and laundry from when we used to have to go to a laundromat. + +Now the last category, and my least favorite: debt https://imgur.com/bytFahV + +As previously mentioned this was tracking non-mortgage debt. That came down to 2 types for us, a car loan and the dreaded student loans. Actually, I think this category is the one to be the most proud of. We paid off $70k in student loan debt in 3 years. Hell ya. I know that there was at least another $30k dent put in the 3 years before that as well. Took longer than we had hoped, but in the end it's good to have that boat anchor off of our necks. Other than that, not really much to see/say for this category. + +Well.. this post got uh.. long and a bit of rambling. I apologize. I more or less did this live. A couple of big takeaways. + +* Tracking your spending like this not only has the power to change your behavior and life, it also allows you to reflect on the life changes that occur and how they impact your finances. The spending over time chart is my favorite I think +* Refinement along the way is key. When you begin your budget categories may be too granular for you or not granular enough. Tweak as you go and keep moving forward +* There are always things you can do better and things you rock at. Your assumptions may not always match the facts. The way to tell is to first have the data and secondly to analyze. Short of that you're just guessing. I know I wish I had started sooner to see what the 5 years before this looked like +* Plan long term where able with your budget. This is not reflected in the numbers posted, but initially we used to plan 1-month ahead in our budget. Then we need a new car. Or furniture. Or <insert expensive thing we had not saved for over the last x months>. The result: scrambling to find the money and spiking the funding of a subcategory for that month in order to cover the expense. Now we try to plan ahead all of those purchases, even the ones that are many years out like a new vehicle so we can spread the cost out over time +* 5 years is a loooong time. +We need to make a MUCH bigger deal about this! We all know a stock split and a split dividend are not the same thing. We have verification from all brokerages that it was ordered as a regular forward split and they didn't receive the shares that would be needed for a split dividend. This is a HUGE deal! If this was Google or Apple, it would be the biggest scandal in the world! But because the financial sector has purposefully labeled Gamestop as a "meme stock", nobody but us gives a shit. What do we do to expose this now?! +Hello.. a noob here. I make 33k annually after taxes, and would like to start my long term investing.. would dividend stock be a good idea for someone that doesn’t make much? Can anyone give me advice for long term portfolios? Thanks in advance :) + +EDIT: thank you everyone for your answer! I had a great time reading them and helped me learn a lot! Thank you again<3 +I'm 26 and a newbie to investing. How much return can I expect from XEQT after 30 years if I invest lets say $500 per month? Any more knowledge on XEQT would be appreciated. Thanks. + +Anyone else surprised? The macro economic factors look bleak. The nasdaq sold off like crazy, including Apple, ostensibly the top dog. One of the “most promising” crypto projects outright failed, alongside its stable coin. A stable coin failing breaches a lot of trust. That and Kwon sold off a ton of BTC (or so I believe, correct me if I’m wrong). I’d expect us to be lower right now. + +I’m not saying we’re out of the woods yet. The first signs of Bear Stearns failing happened several months before the whole equity market collapsed. I’m not saying that this will happen, but I’m not naive enough to think it can’t happen either. + +After consulting my crystal ball, I definitely think the crypto market will trade down, up, or sideways from here. + +Why do you think the market is holding up? Do you also think that we should be trading lower? +I’m 27 with 6 figures of student loan debt. Currently making $65k in a MCOL. Able to put $2k a month on my loans and 6% into a Roth, debt should be cleared up in 7 years without any promotions or raises assumed. + +I would love to be financially independent one day. I’m curious if anyone here has overcome a challenge like this, and what advice you may have. +Guys, I'm going to be straight with you. I'm tilted by that other thread about pet insurance. (I actually think it's astroturfing for the company mentioned in it, but that's not important.) I have a philosophical objection to pet insurance, but especially so on the premise of avoiding bills that stretch into the tens of thousands of dollars. + +I'm mostly mystified by these claims of $15,000, $20,000-plus pet bills. Two people said they were paying $50 a month on insurance to avoid these bills, which they framed as essentially inevitable. But they were both buying insurance for *indoor cats*. I have two indoor cats at the moment, I've had a dozen cats in my life. None have ever, ever had a trip to the vet that was more than maybe $500, and that's for a full tune-up. It's $200 a year for a regular check in and the chance to ask a few questions to the vet. Indoor cats are just about the lowest risk animal on the planet, in my estimation. + +Who has experience of bills like these? Moreso, who here would pay $15K+ for their pet? Am I just uncommonly lucky to have had a decades-long run of animals that have never needed more than a thermometer up the bum and a worming tablet? +Followup from [yesterday](https://www.reddit.com/r/personalfinance/comments/51lcoq/so_tell_me_about_credit_cards_already/), here are some more things to know about credit cards, beyond credit and interest rate. + +1. Banks [make money](https://www.nerdwallet.com/blog/credit-cards/credit-card-companies-money/) from you on interest and fees, including late fees and annual fees. You can control those; you don't have to pay any interest or fees unless you do something you agreed to. They make money from merchants on interchange fees of 2 to 4 percent. Merchants do not usually charge more for credit transactions, though [they could](https://www.cardfellow.com/charging-customers-a-credit-card-convenience-fee-at-check-out/) +in some cases. [Interchange fees are higher](http://www.fool.com/investing/general/2015/10/11/how-american-express-visa-and-mastercard-set-merch.aspx) if the card is not physically present, if you are getting rewards, and on American Express transactions. + +2. Your ongoing rewards come from these interchange fees. Initial spending bonuses come from the bank as a marketing cost. You can choose [different types](http://www.creditcards.com/credit-card-news/help/types-of-credit-cards-6000.php) of rewards: cash, miles, or points that turn into cash or miles. You have to decide which you want, there's no universally best choice. (Asking someone else what is the best card for you is generally futile, since they won't know what works best for you.) Cash is, well, cash. Miles/ points can be worth [more than cash](http://viewfromthewing.boardingarea.com/2016/01/19/value-of-miles/), but only if you would spend them anyway. The best initial spending bonuses will be miles / points. If you don't mind the impact of getting additional cards and can meet the spending targets, the best rewards percentages come from collecting initial spending bonuses; these can be 10% or more of that initial spending. + +3. The very best initial spending bonuses come from cards with annual fees; you have to factor that into the equation, but you still can come out ahead in the same 10% range on initial spend, especially if fees are waived first year. +You may not want to keep paying annual fees, though, so this is where a [product change](http://creditcardforum.com/blog/credit-card-downgrades-and-product-changes/) comes in. Before the fee comes due, you can ask to switch to a card with no annual fee, but keep the same card number, credit limit and history. You don't get an initial spending bonus with the new product, but you would get other benefits. + +4. Ask for what you want; some things are negotiable. You can sometimes get fees like annual fees or late fees + [waived](https://www.nerdwallet.com/blog/credit-cards/how-to-get-credit-card-fees-waived-strategies/) as a courtesy if you are otherwise a good customer and they want to retain your busines. You can almost always get the [statement billing / due dates changed](http://www.creditcards.com/credit-card-news/how-to-change-your-credit-card-bill-due-date-1267.php) to something that works better for you, just by asking. + +5. Let's look at some other things you can get with credit cards. My Chase Sapphire Preferred card provides [these](http://thepointsguy.com/2015/08/lesser-known-sapphire-benefits/), described in a 47 page +booklet full of small print covering details: a) car rental collision damage waiver, as primary coverage; I can decline the car rental company "insurance" without concern; b) various types of purchase protections, including extended warranty coverage, price protection, and return protection; c) trip cancellation / interruption insurance, due to e.g. accident/sickness, severe weather, or travel company bankruptcy; d) lost luggage, trip delay and travel accident benefits. e) This card also provides no fees on transactions in foreign currencies. Credit cards provide better exchange rates than cash / ATMs. + +6. We alluded to [consumer legal protections](http://www.creditcards.com/credit-card-news/5-key-laws-protect-credit-cardholders-1377.php) previously. The two cases that are most important to you are: 1) if a card is lost or stolen (or, the number breached in any other way, even if the card is not physically involved...), your liability is [legally limited](http://www.creditcards.com/credit-card-news/zero-liability-fraudulent-charges-1282.php) to $50, and in practice, is usually zero. You do not have to pay for charges you did not authorize. Note that in this case, you card will be cancelled and re-issued with a new number, but the same credit limit and history. 2) if a merchant charges you something you disagree with, e.g. overcharge or defective product, you have the right to contest the charge, and the amount in question will be excluded from your bill until the dispute is finalized. Debit cards do not have to offer these same protections; for example, lost debit card liability can exceed $50 if not reported in 48 hours, and banks do not need to reverse debit card charges during disputes. + +7. Balance transfers can be helpful if you transfer to a 0% promotional rate card, but watch out for [fees](https://www.nerdwallet.com/blog/credit-cards/balance-transfer-3/). You may be charged one-time interest of 3% or so. Cards from banks like Citibank allow you to [transfer balances from student loans and car loans](https://www.nerdwallet.com/blog/top-credit-cards/nerdwallets-best-balance-transfer-credit-cards/), too. Don't get carried away though, since the term of these loans is very limited, and then interest goes up substantially. Be sure to read the fine print in your credit card disclosure about how balance transfers and new charges interact in terms of how payments are applied, too. + +8. Cash advances from credit cards are [never a good idea](http://www.creditcards.com/credit-card-news/cash_advances-cost-rates-1276.php). Your credit card is not an ATM card. This also applies to so-called "convenience checks." You are typically charged a one-time fee of a few percent, have a higher interest rate, and, most importantly, you get no grace period on these transactions. Just say no. + +9. If you have self-employment income, you can apply for a [small business card](https://www.creditkarma.com/article/reasons-to-get-separate-card-for-business-81215). +This allows you to keep business expenses distinct from personal expenses, which can be helpful at tax time. Some small business cards also [do not report against consumer credit bureaus](https://www.nerdwallet.com/blog/credit-cards/qa-business-credit-cards-affect-personal-credit-score/), which may be a help if you want to minimize the impact of business utilization on your personal credit score. (But you could not use this to help your consumer credit history.) + +10. Final plug for being responsible. Only use a credit card as you would use an old-school charge card, where you pay off the balance in full each month. We've already explained that paying the minimum only is a disaster, but then that's exceeded if you become 60 days late on payments, which will invoke not only late fees, but also [penalty interest](http://blog.credit.com/2014/03/penalty-apr-on-my-credit-card-78900/) of 30% for at least six month. This can also result in increased interest rates on cards that you are not late on! + +#They will let it rise. +$500? +$800? +$1000? + +And as their last resource. They will make it drop RIGHT THERE and start with the media saying, that was it. That was the squeeze. + +*The shills will spread FUD* + +*The shills will post gains that are tempting to the eye. Making you want to do the same.* + +*They will sooth your smooth brain with false words and false DD.* + +*They might go as far as clossing all subreddits to cut communication and cause panic.* + +An animal that is cornered and about to die will fight with everything they got. + +#I need you to know. That this is higher than $10k, $50k, $100k... + +They need the shares. At whatever price I decide to sell, they have to buy it. +All the numbers, all the DD, everything, points to those prices. Truth is, their is enough money for everybody willing to hold and sell at $500k. Looking at you DTCC... + +How much would you buy a bottle of water for, if you're in the middle of the desert dehydrating? + +Everybody probably knows already. But for those that maybe don't or need a little reassurance: + +#Shorts have to cover eventually. They do not expire and mean while, they are bleeding $$$ trying to kick the can down the road with different methods trying to make you sell. + +Do not be fooled. Do not try to fool them by Day-trading thinking you can make money. Every share they buy at low prices ($200) is a share that you could've sold at ($10k) and a share less they have to cover. Meaning that the momentum upwards just got shorter because you thought it would be nice buying low and selling high over and over again. + + Also don't set and wait for a certain date. Nobody knows when. + +*This is not financial advice* + +Memorize all this in your head. Right it down if you have to. + +#PATIENCE +💎🙌🏻🚀 +Hi. I'm a reporter and I'm working on a series about Gen-Z and millennials financial struggles, particularly around using payday loans at the moment. I've seen a lot of posts about shortfalls between rent due and financial aid checks coming in, which I think is a huge issue we need to really spotlight. + +The first article published yesterday ([https://www.cnbc.com/2018/08/01/1-in-3-college-age-americans-consider-payday-loans.html](https://www.cnbc.com/2018/08/01/1-in-3-college-age-americans-consider-payday-loans.html)), but I'd like to talk to more folks who find themselves in these types of situations--college students who are balancing work and school in order to (hopefully) pay the bills, recent grads who are juggling loans, jobs and living expenses or folks who couldn't finish college but are trying to make it work. + +If that sounds like you and you're interested in sharing your story, please comment or send me a p/m. + +EDIT: Just wanted to update those who were interested. Here's the second article in this series: [https://www.cnbc.com/2018/08/14/millions-of-millennials-are-taking-out-risky-payday-loans.html](https://www.cnbc.com/2018/08/14/millions-of-millennials-are-taking-out-risky-payday-loans.html) Again, if you're interested in sharing your experiences, feel free to reach out! +I'm asking for a very close family friend who knows very little about this stuff. Any advice would be really greatly appreciated. + +Bank has given 6 months to pay off the remainder of the mortgage for around 80k. If push came to shove I think they could pay off roughly half. + +I don't think she can get another mortgage at her age and doesn't want to be forced by the bank to sell. self-employed too which might affect the chance of mortgage. bank has refused alternatives. + +The mortgage is in the late husband's name. +Based on data, this seems like GUARANTEED (or close to 95% chance) rate of return. I 'm sure someone, somewhere has to be doing this. + +It's just seems like such easy money. :-) + +MODS, this is serious by the way. It's NOT a joke. +Hi all, please let me know if this is not the right place to post. Posting from a throwaway account. + +I've been working at a small company for about a year now. It's always been pretty unorganized, and currently I am already looking for new jobs. I am not an employee, but a contractor. In my contract, it's written that I am to be paid XXXXX amount biweekly, for a total of XXXXX per year. + +To make a long story short, I was paid consistently late, or receiving only parts of my typical paycheck for about 4 pay periods back in March. Was quite stressful and annoying, but my boss consistently spoke with me and claimed he was "working on it" with a new excuse every day for why my pay was not coming on time. Eventually, I got my pay needed, but very late. I have also kept a running list of every time I was paid, how much, and when the pay was supposed to come, for my own sake to make sure I'm being paid properly. + +Boss claimed the issue was fixed, and pay is automated now. Pay came on time 2 pay periods ago. It's fixed! Things have gotten worse, now, though. + +I was supposed to be paid 2 weeks ago, and nothing came. I emailed my boss. No response. Followed-up next day, no response. Called, texted, no response. It's now been 2 weeks, and I am to get paid again tomorrow, 2 paychecks worth at this point, and have still heard nothing. I texted another guy I work with and he received one text from my boss last week saying my boss has "been so busy." + +Other than that, I've heard nothing. It's a very small company and ultimately my boss is the only one with power to pay me. The HR person quit a few months ago, and no one else was hired on. I have a little bit of money saved up (I live in a VHCOL area), so I can probably make it this month, and I'm already looking at new jobs. I know the company has the money because I was hired with 4 years of funding available for my position. + +How do I get in touch with my boss and how do I get paid? Is it too much to keep calling? I'm just being ignored I think and have no idea what to do. I'm quite stressed now, but I also acknowledge how fortunate I've been to be employed this whole time. It's all quite bizarre. + +Thanks for any and all advice! + +Edit: Thanks everyone for your help. I'll definitely be looking into the labor laws of my state and apply to way more jobs than I have been. + +Edit 2: Sorry for the delayed responses. I was out for a walk earlier. To answer some questions, this is my first job, and my knowledge on employee v contractor was quite weak until now. Fairly certain I've been misclassified this whole time. Feeling like a big ol idiot now haha. I am in New York. I am fully job searching. I will be researching the laws, my rights, etc via the dept of labor tomorrow. Thanks so much for all the helpful information, kind strangers. I really appreciate it. + +Edit 2a: Woah! Did not expect this to blow up so much! I'm having a hard time responding to all the comments but I am reading them all and appreciate them all so much. +I’m a 29-year-old software developer with a comfortable job that treats me extremely well. But the work itself is very boring, I don’t like the company culture, and I hate not having creative control. Ever since I started my career 8 years ago, I’ve dreamt of working independently and releasing my own apps. I think I have the technical/design skills and resourcefulness to make it happen, if I just had the time. I’m not looking to make the next Uber or Instagram, just to release a few apps profitable enough to bring in a livable wage -- I’m looking for personal freedom, not to strike it rich. I’ve tried the whole “side hustle” thing, and it’s just not sustainable for me. My “real job" takes too much energy out of me, and I end up miserable. + +In 2015, I was stupid enough to put a significant percentage of my net worth into cryptocurrency. It paid off and I got out with around $250k in profit after taxes. + +My finances look like this now: + +* $286k in a “build wealth” Betterment account +* $79k spread across a couple 401ks +* $57k in individually picked tech stocks +* $17k left over in crypto +* $23k in checking/savings accounts +* $12k in a Roth IRA +* $6k in a traditional IRA +* No debts + +So that’s about $383k in liquid funds, $97k in retirement. $480k total. My salary is about $130k. I live in a high COL area and my expenses are about $36k/yr. I could significantly reduce those expenses by moving somewhere cheaper. + +Quitting and launching my own projects would have its own expenses of course, like software licenses, marketing costs, etc. But to start, I estimate that as less than $10k per year. So I figure my finances could be stretched for about 10 years. I’d reallocate my finances to a much lower risk portfolio, of course. + +I’m so much happier when I work on my own stuff, and the more I think about quitting my job, the more miserable I become with it. Life is short and I’ll regret not doing this when I’m young. Friends and family tell me it’s “not time to quit yet”, but I really don’t know what they mean. They’re just looking out for me, but are they right? Would I be an idiot to quit my comfortable job for such a huge risk? + +&#x200B; + +**EDIT:** Thank you all so much for the advice. I can't reply to all the comments, but I'm reading them all and appreciate it. There are a lot of perspectives here and I still have a lot to think over. I think for the time being, while we see how COVID pans out, I'll see how well I'm able to sustain my projects on the side. +What if we revived that spirit a little? Re-educate ourselves, make these great DDs more accessible to new comers. See if anything can be updated or challenged… Cuz like Kobe said so well.. “The job’s not done.”… I don’t see the tendies in my account yet. + +It could be interesting to bring back legendary DDs, one at a time,.. make them the DD of the week or something like that. Pin it for everyone to see. Give more or less a week for everyone to read it and discuss in the comments. + +Post the new DD of the week on fridays maybe?.. it also could help counter the weekend fud campaigns as more focus could be shifted from useless noise to apeducation. Finally i’m suggesting this to superstonk mods instead of becoming the “DD of the week” guy cuz i’m not interested in karma / awards farming through fantastic work done by superstonk legends. But i do think we can all gain a wrinkle or two, whether by making sure baby apes read valuable DD or by refreshing an old ape’s memory. + +Anyways, just a suggestion. Any appetite? +I guess most of the users here know not to tap into one's retirement funds, but I'm just reiterating that because I was tempted to do otherwise. + +In May, I thought of purchasing a house (personal reasons) and I didn't have the 20% down payment. My colleague at work suggested me to withdraw the funds from my Vanguard 401k as there is only $100 fees and any interest that I pay is going to my account itself. It's a win-win situation. + +As I researched further, there were ample posts which suggested not to use the 401k funds. I luckily paid heed to the advice and dodged the bullet. I ended up purchasing a house with 5% down payment and PMI. + +I checked the performance of my funds in my 401k. From the period that I had planned to withdraw the funds to present, my gain is ~30%. One more contributing factor for the large gain is the market had just started the recovery after the crash in March. + +Hopefully, my experience will help others in avoiding the same mistake that I avoided. + +Edit: For better clarity. + +I am 31 and I have been contributing to my 401k for past 5 years. If I had to make a withdrawal for the down payment from my 401k, I would be taking out 70% of the funds at the time. Also, I didn't know if the funds were at the lowest or would be recovering. + +I have been trying to say one cannot time the market, hence do not tap into your retirement funds. Let it ride both the lows and highs to get an average ROI in the long term. + +The short term gain that you see is the recovery which makes an average ROI of 8% for my contribution in 5 years. + +Hope this clears some of he questions raised in the comments. + +Edit 2: The reason I bought with 5% down payment and PMI. + +My apartment lease renewal quote increased the price by almost 15% which was too high for a shitty 1 Bed, 1 Bath. + +I had a budget in mind and planned to purchase a house only if it was under the budget. I had a potential roommate (my friend) in the waiting even before I purchased the house. + +Now, my mortgage payment including insurance and PMI, the payment I receive from roommate is equal to the rent I was initially paying for the apartment. + +I am currently making additional payment to get the PMI off in next 1.5 year. The total PMI I would end up paying would be $2k. I would have also made a 22% equity on the house in this time period which is a win for me. +Has anyone ever actually made money long term in this subreddit? Using statistics, and not 1min data? + +I’m saying this because I’ve been coding for about a year now and I think I’m beginning to find edge, but im questioning how many people actually get edge, and then actually make money off of it. + +Personal experiences appreciated +Pretty new to investing, trying to learn from the best. + +Bought many shares of various Canadian Energy stocks, biggest ones : Imperial oil, Canadian natural resources and Cenovus. Bought many smaller caps too like Athabasca, as its been like shooting fish in a barrel. + +What should I do? Hold steady while this market continues to crash (s&p nasdaq) or should I take these profits sooner than later and start buying the dip for long term plays like Tesla. + +What is the best source of information predicting where oil is going to go? I don't want to be greedy and continue to hold these stocks and possibly lose or make more. It scares me to be almost 85 percent invested (entire life savings ) in oil stocks but I made a really good return the past 3 months. + +Thanks +Long story short, after some saving and grinding, I've got about 100k now that I would like to start using to generate some returns. + + +Also of relevance, my wife and I own an acreage property worth around 650k with about 470k on the mortgage (180k / ~27% equity). She works as a teacher, I run a rental business out of our acreage as well as doing part time engineering work (P.Eng) + + +I was originally planning on putting this money towards one or two rental properties but with interest rates where they are I'm finding it very difficult to do that. I also believe we are in a recession and have a hard time putting much money into stocks / funds at this time as I believe there will be better entry points in a year or two. +I made a good amount on bitcoin in the past but I believe crypto will be trending downwards for a little while still as well. + + +With that said - I have no clue what to do with this money. There has to be some options out there but I'm fairly new to actual (ie. non-crypto) investing and would like to hear some input from people smarter than myself. + +https://thetyee.ca/News/2020/07/09/Alberta-Pouring-Billions-Into-Keystone-XL/ + +“Our view would be that expanding the fossil fuel system at the end of the fossil fuels age is an absolutely idiotic waste of capital. That’s throwing good money after bad and it’s like building a canal in 1850 when the railway system is already up and running. It’s like connecting a new city to the gas lighting network in 1920 when someone has already invented electricity or it’s like trying to prop up Nokia after Steve Jobs has put out the iPhone.” +Not sure if this was posted on here recently as im fairly new to the page. +Does anyone else here think Tesla is out to lunch on its valuation? +It has a greater market cap than the next 10 car manufacturers combined. And sells 1/50th the amount of the combined vehicles. I understand they have other products (charging stations, home battery packs, solar panels etc.) but I dont believe those products really contribute as much to its current value. I dont think its exactly a bubble with its future potential possibly being its current valuation, but other than the hype I'm having a hard time believing in the numbers at the moment. +Hi, so to provide some context, Ive got 6 years of experience in the engineering consulting sector and want to progress to a Senior role. I applied for the role where the company advertised between 80 to 120k for the 'right experience'. + +After the first interview, they asked me to come in again for some 'test' questions. I did, and passed reasonably well. Long story short, I was offered 80k during this interview which I countered with 120k mentioning my salary is already around 102k. + +They have come back to me saying they'll match my salary, which I tentatively accepted, then replied back with another counter of 110k. + +Beyond all this, Im perplexed as to why the starting salary for a senior engineer is so low? And that usually a jump to a senior role should allow for at least 10 to 20 percent pay jump? I'm kind of thinking of rejecting the whole thing, since I dont think a job jump just for a 'Senior' badge is worth it. + +What are some of your thoughts? Thanks. + +Edit: Thank you all for your responses. It's really good reading through all comments and has given me much insight into how to properly approach such situations. +Hi, not sure if this is the right place to post, but besides getting a prenup (obvs) what are some ways I would best financially protect myself/ensure I keep my apartment should we end up divorced after being in a de facto relationship, then married? + +Backstory; I'm in my early 30s and just bought a place in Newcastle (thanks to the bank of mum and dad + step parents to help out with the deposit and being an only child!) and during this time my boyfriend has been proud yet distant. We've communicated that that this is a thing that I wanted to do with my family and on my own in a sense. + +Since I've signed the contracts, things are now essentially locked in and he's been mentioning more about how he could help out and future planning with the apartment in mind. Now I'm all for future planning and I love him to bits and it's so nice to see that he's excited, but I've seen some friends and family (mum and dad included!) go through divorce and how splitting property and assets are their main concern. + +I want to live on my own for a while before jumping the "moving in together phase" which means I'll be paying all the bills and mortgage, but if/when he does move in (which I can see happening), I know we would split bills and he would even offer to help with the mortgage. If we were to get married and possibly divorce (who knows!) I know that I would not want to lose this place but the finances he put in would count in the asset pool. Emotionally I'm in the relationship and I can see a life with him, but I also want to, in a sense, have something that's 100% mine and give myself an extra layer of protection should anything happen. + +All experiences and shared knowledge is welcome. I know that I should go to a lawyer to find out, but I dont really want to spend some money just to try and get an initial understanding of what I may need to do... +### UNITED STATES + +* **Futures** indicate a positive opening this morning + * Larry Kudlow, Trump's economic advisor, eased some tensions after stating that the president is open to a **trade** **deal** with China  +* *The Conference Board Consumer Confidence Survey* revealed **consumer confidence** elevated to multi-year highs  + * Retailers are likely to be the beneficiaries  +* Another good sign for consumers is a minimal risk from rising interest rates + * just 10% of household budgets are exposed to variable interest rates +* Trump threatened to cut **electric**\-**vehicle** and other subsidies that have benefited **GM** +* The United States failed to crack a [list of the top ten nations for **financial literacy** ](https://howmuch.net/articles/financial-literacy-around-the-world) +* The Senate could decide as soon as today whether to end American support for the Saudi-led **war** **in** **Yemen**. + +### OTHER + +* European ministers proposed fresh **sanctions** **against** **Russia** as punishment for seizing three Ukrainian vessels +* **New Zealand** authorities blocked Spark, the country’s biggest telecoms provider, from buying **Huawei** equipment for its 5G network +* ***Japan's*** ***Manufacturing*** *Purchasing Managers Index* indicates [further slowdowns to come ](https://www.markiteconomics.com/Survey/PressRelease.mvc/96fd4568ca1342a4aa1bf782c99edb28) +* **Mexico's unemployment rate** fell to multi-year lows  +* Canada is likely to experience the most  + +### CHINA + +* **Industrial profit** growth is slowing  +* Large cities are reducing the number of **car licenses** allowed in an effort to limit **pollution** +* **Air** **travel** capacity continues to grow  +Here is a [video summaries Doordash IPO S1 Filing.](https://youtu.be/4WGu4UiaqO0) + +Hopefully it will be useful to everyone since Doordash IPO is next week. + +\#’s of class A shares offered: 33M +IPO price: $75-$85/share +IPO date: Dec 8 2020 +Ticker symbol: DASH + +Risk Factor: + +1. Incurred net loss every year since inception +2. Net losses: $667M (2019), $149M (Sep 30 2020) +3. Expect cost to increase over time and loss will continue +4. Competitors: Uber Eats, Grubhub +5. Potential reclassification of Dashers as employees instead of independent contractors + +Upside: + +1. 18M consumers, 390k merchants, 1M Dashers +2. Has the largest market share in the US (Sep 30 2020): Doordash: 50%, Uber Eats: 33%, Grubhub: 16% +3. Huge market opportunity: US consumers on Doordash platform is less than 6% of total US population. Gross order value (GOV) of Doordash is less than 3% of off-premise spend at restaurants and other consumer foodservices in the US. +4. Growing revenue: $885M (2019), $1.9B (Sep 30 2020). + +Lock-up Agreement: (discussed in the video). +After learning this lesson the hard way, I'm hoping this post will save a few other people some money and time. + +Last week I paid for a Lifetime Membership to Rick Rahim's ProChartSignals.com ($1,699). It was supposed to include custom signal indicators, lots of educational material, information from Rick on how his bots are setup so we could do the same, free forex trading bots and other benefits shown on his site. (It has been edited recently, but I've taken screenshots of its original promises). + +Anyways, the value add of having all the info and data immediately available plus a person to help learn helped me justify the cost. + +Instead it was QQE Buy/Sell signals Rick stole from Trading View and rebranded, as well as the Awesome Oscillator. His lifetime member discord is just him calling out his stock trades and answering only the questions that lead to him making more money off the members, because the once free forex bots are now only free for the first 45 days, and hosted on FXPrimary, a forex site with loads of bad history. + +About a week after joining I was promptly banned for bringing up his obvious theft of signals from trading view. + +Apparently this kind of stuff isn't uncommon, although it's usually a $25/month discord fee for call outs. Many of which have the same win percent because they're based off of free TV signals. + +My long winded point here is that you're better off just taking the time to learn opposed to believing there's a shortcut to profit. +The last few days we've all seen the huge numbers right? +The so-called Darkpool trades, as everybody keeps referring them to. + + +I'm talking about these: + +https://preview.redd.it/ww9pos13i79a1.png?width=638&format=png&auto=webp&s=cd01f3b70a80d2d7c40692c9a351768e18c04bdb + +It's been a hot topic again. + +I feel I should address that because all of this came from things that happened to me and I posted about on this sub months ago. +For some reason it seems to be circulating again. +And I’m all for hype and copium if you need it, but let’s get some things straight. + +&#x200B; + +It started with this post: +[https://www.reddit.com/r/Superstonk/comments/zw9mo2/dark\_pools\_are\_one\_hell\_of\_a\_funny\_thing/](https://www.reddit.com/r/Superstonk/comments/zw9mo2/dark_pools_are_one_hell_of_a_funny_thing/) + +Then this one: +[https://www.reddit.com/r/Superstonk/comments/zx9jvb/so\_youre\_telling\_me\_gamestop\_is\_going\_for\_13m\_per/](https://www.reddit.com/r/Superstonk/comments/zx9jvb/so_youre_telling_me_gamestop_is_going_for_13m_per/) + +and then this one today: +[https://reddit.com/r/Superstonk/comments/zzevro/if\_a\_real\_share\_of\_gme\_can\_sell\_for\_between\_13m/](https://reddit.com/r/Superstonk/comments/zzevro/if_a_real_share_of_gme_can_sell_for_between_13m/) + + +I'm sure it's all but hype, but I love that people seem to *know* it's darkpool trades while I, the one who had this happen live, and posted about it both times, still to this day have no answers on what happened. + +I actually commented on the first 2 posts. When I saw the 3rd I figured it’s probably better if I made a post about it. + +So honestly I don't know how to see this, but here we go. + +&#x200B; + +It started on the 25th of May in After Hours. +Suddenly I see big prices in TWS. +Now, I blew up Discord with it. +The sub a bit later too with this post: [https://www.reddit.com/r/Superstonk/comments/uxsftq/uhm\_youll\_wanne\_look\_at\_this\_prices\_go\_up\_spy\_gme/](https://www.reddit.com/r/Superstonk/comments/uxsftq/uhm_youll_wanne_look_at_this_prices_go_up_spy_gme/) + +I was legit tripping out for a bit not having any idea what was going on. + +The post blew up and dlauer showed up quickly writing it off as 'just a glitch' and thus a moderator reflaired it to debunked. +Everybody here loves Dave right, so that's the part people remember: It got debunked. + +While in reality, it really wasn't. + +I updated the post accordingly with that it ‘might’ be ‘just a glitch’ and I’ll contact my broker for more info. + +I've actually contacted the broker after that and made a follow up post ([https://www.reddit.com/r/Superstonk/comments/uzrk4t/update\_on\_the\_weird\_prices\_glitch\_from\_the\_25th/](https://www.reddit.com/r/Superstonk/comments/uzrk4t/update_on_the_weird_prices_glitch_from_the_25th/) ) which nobody bothered to read at that point. It's not hype, who cares, right? + +Spoiler alert: Support wasn’t really supportive and it ended up in nothing. Read the post if you want to know more. I’ve included screenshots! + +The weeks after this event I had many conversations with people about this. +How could it be? Where does it come from? What would be the reason? +From 100 layers of tinfoil and me being paranoid to normal reasoning that it has to come from the broker. + +To break it down: The data comes from the provider. If the datastream gets corrupted it won't selectively print different numbers. It just stops, crashes, fails, breaks. You get the point. + +That didn't happen, as you can see in the screenshots in the posts I made. +That didn't happen, because it did not effect every ticker I started watching or tracking. Just a very select few. + +But then, why me? Why only me? +And since IBKR didn't give any answers I didn't get anywhere. + +&#x200B; + +Then, a few months later it happened again on the 27th of September. + +After months of nothing, no bugs, no glitches. Just perfectly functioning software it just happened again. +Same as before. Almost the same numbers. The same weird epochs and big volumes on the same, yet different tickers. I wasn't tracking the same as back in May. +The control tickers started when it was happening didn't 'glitch'. Those worked fine. Just like in May. +And like back in May Forex didn't 'glitch' either. + +I made a post about that which you can find here: [https://www.reddit.com/r/Superstonk/comments/xptb9a/so\_uh\_13m\_per\_share\_yeah\_i\_just\_had\_that\_again/](https://www.reddit.com/r/Superstonk/comments/xptb9a/so_uh_13m_per_share_yeah_i_just_had_that_again/) + + +Now, when I said nothing happened in those months.. that's not completely true. There were a few times where on a trade there wasn't an exchange listed. +Which is weird, every trade has an exchange. +But these were for normal prices. Just had some weird epochs (and I've no idea why) +But a theory is that weird epochs could be used to hide trades. +This also strengthens the theory that it's actual data send through and not 'just a glitch'. +If you take a look at the spreadsheet linked below you see it's just a handful of trades compared to the whole day. Ask yourself why would only these 'glitch' and not everything? +This happened on the 10th of June. + +I made a list which you can view here: [https://docs.google.com/spreadsheets/d/e/2PACX-1vQ5thglc5wg6iYhh3YE8G27payuN8BByXfg\_Yquc-qLMAmc0XXd-ZCZW8zllxaKxjQYwapx5G\_11ivl/pubhtml](https://docs.google.com/spreadsheets/d/e/2PACX-1vQ5thglc5wg6iYhh3YE8G27payuN8BByXfg_Yquc-qLMAmc0XXd-ZCZW8zllxaKxjQYwapx5G_11ivl/pubhtml) + +No worries about you doxxing yourself. It’s anonymous read-only published html, no login needed. + +Except for that, nothing happened in those months from the 25th of May to the 27th of September. + +&#x200B; + +Fast forward to now.. The last week of December 2022. + +Suddenly one screenshot from one of my posts pops up again, with a lot of hype and people talking about how it’s darkpool trades. + +Now, they could be. + +One of the theories is that for some reason I got some weird access to, or got data sent from a darkpool. +But, it’s unsubstantiated at best. Simply because it’s a theory. I have no proof. +Funny thing is that in the 3 posts I made I never mentioned the word darkpool. Yet here we are, people stating it’s darkpool. +If you’re reading this and you have actual proof that what I saw was actual darkpool trades, then dm me, let’s talk. Because even after all this time I really want to know what’s going on. + +And to be clear: I've seen darkpool trades. They do get posted on the sub at times and they're relatively easy for me to find. They don't go for these big numbers. + +If you don’t have proof, you’re basically helping spread misinformation if you still label it as ‘darkpool’. + +I get the copium and hype, but I’m also starting to regret posting it. + +&#x200B; + +I really hope this brings some perspective and answers to some questions I've seen in the comment sections of the posts from the last few days. + +&#x200B; + +That said, I wish all of you a very happy new year! +And now fuck off, go spend time with your fam or something. + +&#x200B; + +Peace <3 +As a NZ ape who lives in the future, it is currently 6:22pm on Monday for me and I have been glued to the ticker all day watching it rocket up harder than a frozen banana. Many bets were made and objects put in orifices they do not belong. MOASS has begun. + +For the rest of the apes worldwide, all I can say is look forward to market open. +What does tomorrow mean in terms of options expiration? + +* **69.8%** of all **PUTS** 🐻 expire tomorrow (this is all puts across all expirations) +* **55.4%** of all **CALLS** 🐂 expire tomorrow (this is all calls across all expirations) +* The next date with a meaningful amount of calls/puts expiring is 2/18/22 + * **17.1%** (55,583) of all **call** options expire + * **2.9%** (14,064) of all **put** options expire + * This is a **3.95 : 1** ratio of calls to puts + +&nbsp; +&nbsp; +What does this imply? +**The pressure is going to be on in the opposite direction starting soon.** + +&nbsp; +&nbsp; +How can you help? +**Add to this analysis**. I'm sure a lot of people understand options way better than I do and I would be very interested to hear what others have to think about the situation moving forward. + +&nbsp; +&nbsp; +Here is additional info about: +the [puts and calls expiring](https://imgur.com/a/lbbL3LV) + +&nbsp; +&nbsp; +Data source: Yahoo! Finance +I am full time employed on PAYE tax and I do a little bit of buying and selling on ebay (as a private seller) just in my spare time, really only for some extra disposable income. + +I've sold around £5k worth this year but I want to ramp it up a little after Xmas. If I manage to sell around £7.5k that would take me into the higher tax bracket for income.. + +So I suppose my questions are, do I have to declare this income? If so, how do I go about it in terms of my employer and PAYE. I don't particularly want to register as a business or anything as I fail to see the positives. Can my undeclared earnings from previous years come back and bite me in the arse? + +Edit. £5k worth of sales this year. Profit of approx £3k, maybe a little more. (I clearly don't keep a good enough track, but only because I don't see it as a business) + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I apologize in advance if this isn’t eye-catching post themed. I use the same account for GME as I do for porn cause I like to see stocks and tiddies, I only post if I think it’s important. This seems very important to me... more than tiddies + +Edit: *thanks all for rewards and upvotes making this my best post ever, please head over to the [WSB VERSION](https://www.reddit.com/r/wallstreetbets/comments/mnfp07/exactly_how_to_make_sure_your_shares_arent_on/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) and spam your upvotes there too so more can see. Bot fuckery runs rampant over there* + +I went to [this corporate finance website](https://corporatefinanceinstitute.com/resources/knowledge/finance/shareholder-register/) to figure out how to register my shares for the upcoming meeting. Here’s what I found: + +*“A shareholder register is a list of all active and former owners of a company’s shares. The register includes details of shareholders, such as their name, address, the number of shares they own, class of shares held, date when they became a shareholder, and when they ceased being a shareholder.”* + +Wait, so there’s a register that shows any and everyone who’s ever owned a share in GameStop? Couldn’t we use this to figure out how much is actually owned and by who? Anyways, I read on and find this: + +*“A company’s directors are required to update the shareholder register on an ongoing basis and ensure that every current shareholder is recorded in the register. The shareholder register serves as proof of ownership in the company, and it shows the number of shareholders in each class of shares.”* + +Cool cool... next + + +*“Apart from including the personal details of each shareholder, the register may retain a record of all shares issued to individual shareholders over past years, as well as transfers of shares and the name of the shareholder who acquired the shares. The register may be maintained either by the company itself or a third-party registry service provider.”* + +Ok, now I really kinda wanna get my hands on this registry thing. How do I do that?: + +*“Since the shareholder register is a public document, third parties and other interested parties can access an updated list of a company’s shareholders at any time.”* + +NO FRIGGIN WAY, IT’S PUBLIC?!?! WHERE???? + +*“Companies are required to provide the shareholder register for free to current shareholders, while non-shareholders may be required to pay a small fee.”* + +So you’re telling me, once I find whoever owns this thing, if I ask for it they’ll tell me either + +A. “Here ya go Mr. Shareholder” + +Or + +B. “You’re not a registered shareholder, you’ll have to pay a fee” + +Well... that seems like the easiest way to find out if my shares are registered for voting, or if my broker has been lying to me. Where can I find this? + + +*“A shareholder register is accessible to shareholders and non-shareholders at any time. Shareholders may ask to gain access to the shareholder register and freely inspect any information needed.”* + +Ok , but where do I FIND it? + + +*“The company may grant such a request”* + +.... well, there it is. Guess I gotta ask GameStop for the registry. I’m definitely gonna do that. + +If anyone gets to it before me, please let me know, and you better bet your sweet ass I’m gonna tag u/rensole + +Maybe he can help + +——————————————————————— + +TL;DR: there’s a public register that shows you if your shares are registered as your own, but the best bet is to make sure you aren’t on a margin account with your broker. If you aren’t, you’ll get proxy card info through mail or email. References to checking different brokers for proxy settings at bottom of post under the last line + +——————————————————————— + +Edit: if you downvoted this after you read it, can you tell me why? That just doesn’t make any damn sense. Is it cause I said this is more important than tiddies? + +——————————————————————— + +*IMPORTANT FOLLOW UP/CRUCIAL INFO:* + +WHAT YOU NEED IS CALLED A PROXY CARD + +This proxy card has what’s called a “control number” on it that you will use to log into the [online voting system](https://www.proxyvotenow.com/pvn/defco5inn/controlI.jsp?app=gme&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;mobile=y) when it updates for the new Shareholder Meeting (that’s last years link, thank you u/camj26) + +I’ve been told that if you use Robinhood and wish to vote in the Shareholder Meeting, you MUST contact them and request a “proxy card” or “proxy vote card” or “vote by proxy card” (use those terms specifically). They file a request with their third party investor communications firm, Mediant who will then give you one and instructions on what to do with it through email when it’s available. + + +I’ve been told that if you use Fidelity’s mobile app, there’s a link for proxy called “Proxy Materials” (thanks u/childishprivito) that will show you your cards for what you can vote on and most likely allow you to vote through it + +—Info from [u/mamaremembersusenet](https://www.reddit.com/r/Superstonk/comments/mn1p30/apes_holding_gme_in_schwab_follow_link_below_to/) for how to get to proxy card on Schwab + +—Info from u/superstylin1770 and u/dyamond_hands_retard and u/bravewarriorr on how to access your Proxy Materials tab in Fidelity: Login to Fidelity.com. Select Accounts; Trade; Statements; Proxy Materials.— In fidelity you can find the proxy materials [here](https://statements.fidelity.com/ftgw/fbc/ofstatements/getProxyMaterials) — For those with Fidelity Investment App: type “proxy” into the virtual assistant and you should be provided with a link for voting when voting opens + +—Info from u/davesquared1 about CHASE: *”I called Chase today to make sure I would be able to vote (shares not loaned out) and they told me the actual ownership is listed under JP Morgan and they received a lot of these requests and they are automatically sending an info packet to everyone with GME shares that explains how and what to do to be able to vote.”* + +—From u/chaosdne: *Another position I hold has an upcoming vote on may 13th. E * TRADE sent me an email this morning which contained my control number and instructions. It’s about 5 weeks ahead of the vote. I will likely use this as when I expect to receive a similar one related to GME + +— Info from u/redditdude9753 : *For TD Ameritrade, you can access shareholder information and documents by going to My Account; Shareholder Library. I don't know how to confirm that you can vote though through the website, not sure if you have to call.* + +——————————————————————— + +By the way, I am not a financial advisor, nor am I a legal advisor and as such, none of the advice I give in this post and/or any of the responses I give in their entirety in this forum be considered financial or legal advice +I've been considering getting into algo trading independently. The first thing that I'm worried about is where will I get the funds? I'm gonna be fresh out of college, and I've got some 10,000 bucks in my account. I don't think that'll be sufficient as seed money. + +So what did some of you independent ones do? Did you get someone to invest in you after your demonstrated your strategy on backtests/paper trades? Did you work elsewhere and save up? +Guten Tag to this global band of Apes! 👋🦍 + +I must admit that I haven't had much opportunity to catch up on yesterday's events. +While I usually try to distill them to a summary, I'll have to catch up before I can do so. +A quick glance at the charts shows me that the SHFs are still struggling to control their short exposure. + +Meanwhile, Apes continue to DRS at an incredible rate, now only having 47% of the float to lock. +Regardless of what happens with the daily price movement, there is one thing that the SHFs cannot control. +Every share that we extract from the DTCC is one that they cannot use to manipulate the price with. +No amount of fuckery is going to stop us from locking the float. + +I am traveling this week and do not know if I'll be able to reliably post. +While many days I should be able, I will try to arrange coverage for days when I will not. +Thank you for understanding! + +Today is Thursday, August 18th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$39.94 / 39,30 €** *(volume: 18667)* +- ⬜ 115 minutes in: $39.94 / 39,30 € *(volume: 18608)* +- ⬜ 110 minutes in: $39.94 / 39,30 € *(volume: 18600)* +- ⬜ 105 minutes in: $39.94 / 39,30 € *(volume: 18432)* +- ⬜ 100 minutes in: $39.94 / 39,30 € *(volume: 18393)* +- 🟥 95 minutes in: $39.94 / 39,30 € *(volume: 18380)* +- 🟥 90 minutes in: $40.02 / 39,38 € *(volume: 17741)* +- 🟩 85 minutes in: $40.40 / 39,75 € *(volume: 17194)* +- 🟩 80 minutes in: $40.40 / 39,75 € *(volume: 16608)* +- 🟩 75 minutes in: $39.90 / 39,25 € *(volume: 14548)* +- 🟩 70 minutes in: $39.88 / 39,24 € *(volume: 14513)* +- ⬜ 65 minutes in: $39.72 / 39,08 € *(volume: 13207)* +- 🟥 60 minutes in: $39.72 / 39,08 € *(volume: 12959)* +- 🟩 55 minutes in: $39.90 / 39,25 € *(volume: 12852)* +- ⬜ 50 minutes in: $39.69 / 39,05 € *(volume: 11769)* +- 🟥 45 minutes in: $39.69 / 39,05 € *(volume: 11681)* +- ⬜ 40 minutes in: $39.76 / 39,12 € *(volume: 10417)* +- 🟩 35 minutes in: $39.76 / 39,12 € *(volume: 9969)* +- 🟥 30 minutes in: $39.54 / 38,90 € *(volume: 7969)* +- 🟩 25 minutes in: $39.64 / 39,00 € *(volume: 7872)* +- 🟩 20 minutes in: $39.59 / 38,95 € *(volume: 7002)* +- 🟥 15 minutes in: $39.41 / 38,78 € *(volume: 5727)* +- 🟩 10 minutes in: $39.89 / 39,25 € *(volume: 5115)* +- 🟩 5 minutes in: $39.64 / 39,00 € *(volume: 4408)* +- 🟥 0 minutes in: $39.44 / 38,81 € *(volume: 1473)* +- 🟥 US close price: $40.52 / 39,87 € *($38.71 / 38,09 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0164. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +As the title states, if you have autopay and paperless billing enabled for an Xfinity service, then you are eligible for a $10 discount. I had to call their customer services to ask why I wasn't getting this discount and was given some explanation of being in a 'grandfather plan' aka not a new customer. The discount applies to all their plans and customers. They transferred me to the 'new plan' (there is no change in plan name and billing, so this sounds like bs) and it will take 45 days (not sure why so long) for their system to recognize I have autopay on and apply the discount. + +Edit - Go to your account > Billings. On the right click on Service rates in my area. It will download a PDF which should list the discounts available to you. +So, I have about $3,000 in medical bills for a particular Doctor who is a specialist. + +I provided my insurance information to his insurance coordinator at the time of my beginning appointments. My kids are covered under three separate insurances. My ex-wife's, mine and insurance through a Crime Victims compensation for my daughter. + +My ex-wife's insurance is primary because her birthday comes first in the Year and God hates me. + +Somewhere along the way, the doctor billed my insurance without billing the ex-wife's. My insurance denied the claims because the primary wasn't build first. By the time the primary got billed they denied the claims because it was too old. + +Now, the doctor stating that they're going to send me to collections for non-payment the insurance says that it's too late to Bill them. I'm at a loss, because I provided my insurance to the doctor and they messed up the billing. The issue is, it's kind of a he-said-she-said. The doctor is telling me that I didn't give them the proper insurance at the first appointment, even though I did. I have a difficult time with any recourse, because I didn't go to the lengths of me videotaping or anything like that. + +What can I do in this situation? Am I just hosed? + +Edit: UPDATE + +Some more details + +I have emails showing all the insurance IDs that we had, that I've sent her. All emails remained unanswered, despite me voicing concerns about carrying the balance and asking the status of insurance billing. I saw some comments below that they felt I was being less than forthright about the situation. I did pretty much everything I thought I was expected to. + +EOB from primary states I owe $0. They stated that I have zero responsibility. + +I talked to the Dr. Office again, and they stated that when I begin service I signed a paper stating if insurance didn't pay I am personally responsible. They threatened collections again. + +I talked to the primary insurance after, the ex wife's and they actually spoke to me even though I'm not on the policy. They were SUPER helpful. They stated that the original date the secondary insurance denied it is the claim date, and all the Dr. Had to do was submit that to primary, and it would be paid. + +The insurance company called the Dr. On three way and explained that to her. She claimed she had no idea that was how it worked. They stated that she is contractually obligated to fix it, and I'm not on the hook. She himmed and hawed, but it seems to be sorted. + +My biggest issue, i suppose, is the Dr office claims she clearly remembers our first appointment. She says she clearly remembers me stating that I WASN'T SURE if my daughters appointments would be covered by THREE insurance companies and I'd pay the whole bill out of pocket if needed. That is so fabricated, it isn't funny. She went as far as to tell me to get legal representation to sue the insurance companies. + +My gosh... Im never going to that Dr. again. I feel like they were very scummy. + +I still feel like maybe I should call the Office of the Insurance Comissioner just becuase it seems like really crappy business practices. + +There are so many helpful responses below, that gave me the questions to ask the insurance companies. Thanks so much reddit. +While i know next to nothing about stocks, My career is centered around medicine, and when I saw Mitesco Inc. getting pumped around on tik tok and this sub, I decided to take a look. It only took one look for me to realize this company was essentially doomed, they were trying to have clinics run solely by nurse practitioners and not doctors, this practice is already illegal in a handful of states, and the states where it is legal have many law suits against nurse practitioners for missing diagnoses that any ordinary physician could see. + +I decide to share why I thought this was a bad company. + +Since i shared that Mitseco has gone down 20% and practically stalled. + +Immediately I was hit with angry replies, "they have insiders buying up stock!" "Their business was acquired by walgreens, have know idea what you are talking about!" + +I don't particular mind this I am glad to have a dialogue. When I posted FLT.V, i moreso just wanted to chat with some people, saying things like "just bought $10 000" doesnt help anyone, lets talk about the company. + +There is a desire to pump these stocks as hard as possible, but we should really be looking at companies which have true potential not now, but 2-3-4-10 years down the line. + +Downvoting people who are cautious or apprehensive only does worse to the cause of this sub, and potentially builds up a pump and dump hive mind. I get it though, recently someone mentioned zosano, I bought at 1.4 and sold the next day for 2.6 when it was in a freefall. I've made money off of the pump and dumps so I understand the appeal. But we should strive to allow for negative viewpoints of the company to sit center stage, put cons in your dd, analyze negative comments, dont dismiss them. +Using ATP for directed trading through IEX (that's the lit market, in case you forgot.) + +I called Fidelity and they "checked with the back office," and told me that it looks like IEX is treating all orders, even Market orders with no conditions, as **Immediate or Cancel.** They are running out of shares because ***nobody is selling***! + +https://preview.redd.it/eza1o18g2z181.png?width=1183&format=png&auto=webp&s=80ec388d97f231cbfb3284e1ff86541155807a31 +I recently accepted a job offer for a fully remote position. When I joined on I noticed that my work location was incorrect and I asked HR to correct it to my state, so that taxes etc would be properly handled. + +HR turned around and said, we made a mistake while making your offer and made you an offer thinking you were in a different location. We will have to re-calculate your base salary and since this is a low cost location, expect a 10 - 16% cut and a new offer letter. + +what are my options here? I like the team and enjoy the work for the past month but this will be a huge cut in my salary for no fault of my own. I have an email to the recruiter confirming my remote status and that I wouldn't be joining physically at their HQ. +Hey all, + +I invested in several American bond ETFs (VAGU, EUNA, IBTM) a while back. They've been declining steadily over the past few years. Each is currently down 20%. + +For context, I am investing for the long term (20-30 year horizon). + +I understand it's hard to predict the future value of bonds. But I'm wondering if the money is better elsewhere. In your opinion, what's the best approach? + +1. Sell at a loss and move the money to a stock index funds like VWCE +2. Keep holding for the next decade or two + +Thanks! +So, I'm 29, turning 30 in January. Coming from eastern-Europe from a poor village, I never had the possibility nor the knowledge about basic finance, financial instruments, investing and so on. I landed a Software Engineer job in Austria and now after 2 years here, settling down and being almost done with making our rent comfortable, I'm ready to start investing into my future. + +I already guess that FIRE is not really an option for me based on what I read in other subs in this topic, since starting at 30 from basically 0, with debt is unrealistic to achieve early retirement. + +**My goal would be to somehow save up to 300.000+ euros in 10 years, until 2033** and purchase property in Austria, in the Linz-area without or with a small amount of loan from the bank. + +Info about me and my wife and our financial situation/budget planning: + +**29, married, Software Engineer earning 2.4k netto/month**. Working at a stable job as lead developer, employer is IBM, possible 5-8% salary growth per year until around 3k netto. **My wife, 27, married (lol) is a part-time kitchen-assistant, working in 30hours/week, depending on tips earning from 1.1k-1.5k a month**. No foreseeable change in her work in the near future or wage increase from her side. + +**Our monthly expenses are 2.371,58 euros** from which: + +|Rent, utilities, flat insurance|828,41 euros|cannot go lower| +|:-|:-|:-| +|Zürich personal savings, ARAG rechtschutz, Uniqua accident and healthcare insurance, S Fonds bank account saving portfolio|245,12 euros|can go lower if I stop the S Fonds portfolio, it's basically a rounding plan with +2 euros on each entry, so I have some side money growing in Funds until I need them for a bigger purchase| +|Debt - Macbook leasing from bank, Personal loan for a computer (work, personal use), Personal loan from coming into the country, settling down, buying a car|467,61 euros|the MacBook leasing is 35 euros/month I want to keep it. Personal loan for the computer is 58,38 euros for a month, 1.5 years left from it, I think this doesn't have such an impact that I really need to pay it in advance. Personal loan for car and everything else is 374,23 euros, took 25.000 euros in 2019 and still 18.000 euros are left from it. It has a p.a. quarterly interest on it, which is around 240 euros currently. On top of the 7000 euros I already paid in, there has already been 2.6k interest on it. I think this should be priority.| +|Car costs - Zürich car insurance, fuel costs|271, 34 euros|Can go lower as the insurance includes "teilcasco" and also fuel costs are varying upon usage.| +|Food costs|450 euros|This calculation has been done last year December, this year January. Ever since the food prices has risen nearly 30% in the area, costing us around 550-600 now. Will consider updating this in the budgeting table, but right now it's also varying heavily based on what we eat and how do we try out different places to buy our food from.| +|Other expenses - Amazon prime, Netflix, Spotify, Data plan etc etc...|110 euros|This I don't really want to let go, since I quite need these services for relaxation and also from this 110 euros, the phone data plan costs 65,40 euros alone, so the rest are not really significant.| + +Right now calculating with my wife's base salary without tips (1050,00 euros) we earn around 3530 euros in total, from which based on this costs we could save up around 1,150 euros a month. Additionally we have 4100 euros 13. monthly salary in June and another 4000 euros 14. monthly salary in December. So our total saving amount a year ideally should be around 22.000 euros. + +Of course this does not include emergencies and since I also want to build up a 6 month emergency cash-reserve to be safe, the initial investment amount a month should be around 500 euros. + +I have already started testing the waters and put 1k euros into FlatexAT broker to check how dividend instruments are handled. I was stupid, since I bought a CEF (:BST) and as far as I know, without local financial representation the dividend payouts are double taxed in advance. **I pay 27.5 capital gain tax on dividend issuance and also 15% "Quellensteuer"** which I can get back on my yearly tax-report-payment-thingy (sorry, I don't know the proper name for it), paying 42.5% tax on my dividends in advance basically making it impossible to set a proper timeline for a significant passive income and to start the snowball effect with it. I looked into growth ETFs and also trying to aim for growth, so my capital can appreciate in this 10 years. + +**If I manage to have around 300.000 euros by 2033 on my investment account**, my plan is to somehow redo it into a dividend portfolio and use it as a collateral to have the loan and pay it from the dividend income. + +Please let me know what do you think about this plan, what are the pitfalls, risks or what should I consider instead of the things I wrote. I'm preparing by learning hours every single day about budgeting, investing, financials (basics, instruments etc.) and trying to cut unnecessary expenses in advance. + +Thank you very much for your help! +I have a lump sum for long-term investment and want to put it all on VWCE. I opened a DeGiro account yesterday and suddenly all I read is bad reviews and people saying "stay away from DeGiro, it's not trustworthy". I got scared and now I think I should not make the transfer at all, but I'm new with this so I don't know if I'm just being influenced by bad reviews. + +My other option is IBKR, but it costs more, VWCE doesn't seem to be there and the interface is incredibly complicated even for one ETF. Those who have more experience, what is your opinion on DeGiro? +Hello all. I just joined this sub and was hoping to get some financial advise on potentially moving to a more expensive apartment. + +Here’s some background: + +Im in my early 20’s and live alone (with my cat) in SW Portland. Over the past year and a half, I’ve been living in this $900 1-bedroom apartment(will be increasing to $930 in March, but that’s still really cheap for this area). + +I think it’s also important to note that I am disabled and it was very difficult to find accessible housing that was within my original budget. + +Although the current apartment I’m living in now is really cheap and is ~technically~ on the first floor; I still have to step up a 2-3ft curb to get to my front door. Not the most ideal situation, but’s it’s manageable. + +I’ve also have had a couple not-so-great experiences while living here with my bathroom flooding from a maintenance issue with my upstairs neighbors’ apartment, my car being wrongfully towed by management, roach issue, as well as a sketchy neighbor that smokes cigarettes/leaves the butts in a small gravel area that runs parallel to our front doors. + +The neighbor also has two dogs that she doesn’t care for— letting them both go off leash to relieve themselves in the same gravel area WITHOUT PICKING ANYTHING UP. Management is in a current legal battle to get them evicted, but nothing has been finalized thus far and they’re not sure how long this will continue to be dragged out. + +I happen to have found an accessible apartment nearby that is $1,350 per month ($150 more than I told myself I wanted to budget out for rent). Its in a nicer area, in-unit w/d— which is huge for me, and is overall in a better condition than my current apartment is. + +I reevaluated my finances to see if I can even afford $1,350 for rent and I concluded that i would be able to save between $660-$900 per month with all my expenses taken into consideration. + +Should I bite the bullet and get this more accessible apartment for $1,350, or should I hold out and save $400 per month continuing to live in my current apartment while I look for something a little cheaper? + +Any advise would be greatly appreciated! +I’m currently making $70k/year in a stressful job with a lot of unpaid overtime. I interviewed a dream job and was offered $58k/year with an incredible benefits package. I don’t ever really use insurance (I don’t have any), but it’s nice to have. + +The dream job would have passion projects, more stability, but obviously less pay. I think I can still afford my bills, but there wouldn’t be much to save or pay down debt. I’m not sure what to do. I’m not happy where I am, and there’s no growth. + +I calculated about $8,500/year take home pay decrease if I accept the job. I’m tempted to negotiate for $5k more, but they have another candidate that they are also interested in almost equally (I have a friend that works there). + +An outside perspective would be helpful. What would you do and why? +How many of you watched the price smash through your cost basis today? + +Feels good, eh? Holding in the red is stressful sometimes. We lauded those who held through February. But you know what? Forget that shit. Think about it. Holding in the red is easy. Anyone can hold when they're down 90% on an investment, because it makes no sense to sell. + +You know what's *much* harder? Diamond-handing through *massive* gains. This is where true apes are tested. I heard of a guy who held through multimillion-dollar swings in January. Can you believe that shit? I wanna be more like him. + +Keep that in mind as we make our way to $300 \[again\] and beyond. For those who got in early, you might already be up 10x (or more) on your investment--congrats! Holding is probably easy and natural for you at this point. You know damn well that we will never reach your cost basis again, and a hefty profit is all but guaranteed for you. + +For those who boarded the rocket after February, diamond-handing isn't as easy. If your cost basis is 218, you might start feeling the pressure right about now. When we hit $500 and you're up 150% on your investment for the first time, you might think, "Well shit, if I just sell half, I can cover my cost basis, lock in a profit and ride the rest for free; the price will probably dip again anyway, and I can buy back in cheaper." + +If these were normal circumstances, I would completely agree with that idea. But these are not normal circumstances. We're talking about a single stock that poses an idiosyncratic risk to the entire market. + +$350-500 is the point at which the whole world will see our thesis tested in real-time. Will SHFs once again try to fuck retail in plain view and short the stock again? Or will it be the death knell for Citadel, as MOASS begins and the price fucks them into infinity? + +I for one am not willing to risk stepping off the rocket, not even for a second--and furthermore, I think that doing so might delay the launch for everyone else. + +If you think it's in your best interests to swing-trade the stock, then do it. No one is stopping you. Just keep in mind that you run the risk of chasing the price into infinity. We have more than enough diamond-handed apes to ensure the squeeze. You're only risking your own moon tickets. + +We as mere mortal apes can only speculate what's waiting beyond $350. I for one think it's gonna be a complete fucking meltdown. The price might shoot up and never return to its previous levels, like it already did once this year. + +After we test the resistance points and break through to $1000... I can't say how I'll react. The thing that gives me the most confidence in my ability to HODL is that our thesis will have been tested and proven true. If we can hit $1000, we can hit $10,000,000. I trust there are enough diamond-handed Apes who will hold through it all. I'm not taking you on blind faith--you've proven yourselves several times over. I ***know*** you'll hold. And that makes it easy for me to hold, too. + +Commonly voiced concerns: + +When we reach phone numbers, who will be buying at that point? Where will the money come from? There isn't enough money in the world to pay Apes that much! + +1. You do realize our governments have been arbitrarily creating new money since forever, right? They do it every day. There are **trillions** sitting in derivatives, and if that's not enough, JPOW can fire up his favorite toy for us. Put the FUD that "there isn't enough money to pay Apes millions per share" out of your head, because it's bullshit. +2. "The government won't let it get that far, they will stop it before that happens." I bought a stock. I held it. And now it's directly registered in my name. No one can touch it but me. *I played by* ***their*** *rules*, and I won. If the government decides the turn off the game altogether, simply because retail won... I mean, that's a great way to destroy the U.S. Dollar altogether. Go for it, Uncle Sam. That would be a super fascinating timeline. I'm guessing China completely takes over in that one. I just don't buy this. I think, like all things, they will find a way to benefit from MOASS instead, rather than destroy themselves. We have plenty of enemies, we know that for sure, but who's to say that Apes don't also have a few friends in high places that we don't even know about? +3. Ultimately, where the money comes from doesn't matter... When the price reaches Andromeda, one needn't sell more than 1 share at a time, and never more than a few altogether. That way, the price *never* falls back down below $60M. GME remains the most valuable stock in the world for the rest of your life, and each shareholder needn't have sold more than a handful to create generational wealth for themselves. You see, there is no need to create more money, if Apes never sell ;) The infinity pool ensures that the power remains with the players forever. +On CNBC, Mike Wilson indicated that downward earnings revisions could cause a 24% stock drop from today through the next six months. He has a 2023 year end target for the SP of 3900, which is around where it is now, but indicated there could be substantial volatility in between. He noted the SP500 could fall to between 3,000 and 3,300 + +https://www.cnbc.com/2022/11/29/double-digit-percentage-drop-will-hit-stocks-in-2023-morgan-stanley.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1669770160 + +For what it's worth, I've read other analysts who believe that downward earnings revisions are coming and those revisions are not currently reflected in the SP500 +Wish I knew about this sooner. Less than 1/10th of the capital requirements of my usual CSP’s and 10% return on capital per trade. + +Any tips for a noob? Currently selling spreads on QQQ a few times a week. +Hey All! I have been playing around with different strategies and want your input on it! + +For the past 4 weeks I have been able to earn 8.4-9.5% weekly buying deep ITM call debit spreads on Tesla. + +Essentially the bet is that, on a weekly basis, Tesla will not lose over 11% Share Price Value from M-F. Breakeven is roughly around $100 per share less then the current share price. I attached a picture showing the play for next week. + +Thoughts? + +&#x200B; + +&#x200B; + +https://preview.redd.it/4ik7k6elq2s71.jpg?width=1141&format=pjpg&auto=webp&s=96e620cb07dd8d5ac9098c0074cb858e41603a45 +Hi all, + +As the title suggests, do you stop trading at the end of the year? Do institutions cease as much volume during this time that make large moves more prone with less volume? + +Still learning the ropes, November and December seem to be my least profitable times of year. + +Thanks and happy profit hunting! +I think the 'theoretical' answer is yes, you should take as many trade as the number of opportunities that you have, so that your trading result will be as close to your back test statistic as possible. However, in practice, I realized that after I have closed a trade and it is profitable, I find it harder to manage my emotion when I take a second or more trade and I do stupid things. Such as scaling down, closing the trade early etc. My trades usually last 10-30 minutes and I typically trade 2 hours a day. +I remember a thread on the importance of spreads between countries’ bond yields on currencies. Do you use them as a leading indicator? And how often one must look at them? + + +Erdogan is seriously messing up Turkey's currency Lira. The Turkish Central Bank (TCMB) is to meet on 7th June and there might be talks of a rate hike. *But*, Erdogan doesn't like that. He has also talked about interfering with Central Bank's policies, and has already asked for repatriation of Gold held by the Feds. And that Gold is going to Basil, rather than to Turkey. for some reason. + +USD/TRY and EUR/TRY have witnessing a precipitous rise. Does the TCMB have any power to contain it? Or is this all a deliberate plot by Erdogan to help his buddies and himself (maybe a weak Lira is good for his business buddies)? + +How long will this rise continue? Anyone going long on USD/TRY and/or EUR/TRY? +Hi all, + +Long time lurker on this subreddit. I see loads of different posts ranging from people in their 20's with a huge amount of money (salary and/or savings) to those in their later years not earning too much and not sure where to go. I wanted to share my story with you. + +As of right now, I am 27 and on a salary of £31k. I literally only got this salary this month, for the first time in my life. I never earned more than £24k until then and for most of my working life, I was under £20k. I have always lived in London so you get the idea. + +I went to uni when I was 18 (still in London) to do a degree that by the end of the second year wasn't for me anymore, still I got my degree as it was worth finishing. During this time I got the maximum loan due to coming from a poor home and I was bad with it. I had a student account with a £1500 overdraft, which was a huge mistake. By the end of the 1st year at uni, I maxed out the overdraft (as it was a student account, I was not being charged this) and I also had a student credit card, which I was £500 into. I was 19 at this time and already -£2000. + +That trend did not change after uni, I met someone, it got serious, almost got married and both in debt. I worked as an estate agent and some months I would be at least £100 out of the overdraft, only to fall right back in. Month before the wedding it got called off after 5 years together and we lost all the deposits as well. I moved back in with my mum with a loss of identity and owing the bank money. + +This was the best thing to happen to me. + +During this time I paid very little rent, which allowed me to focus on paying off all my debt, I didn't feel like going out or seeing friends so I didn't have much reason to spend. I opened a HTB account as well to put away what little money I had at the time. I was working in cyber security on £23k at the time. After a few months I was able to be debt free and meet someone. + +Fast forward a couple of years and here I am. Earning over £30k after finally getting a promotion, good amount saved up, preparing to buy a property in the new year and a comfortable joint house hold income. + +I got very lucky in my timing. When I moved back home, my account was in the last year of being a graduate account, this meant I still wasn't charged for being in the overdraft and the final year gave me time to pay it off. I paid of my credit card bit by bit until I was out of my overdraft and then I paid the rest off. + +I wish I had seen this subreddit at the time, looking at the flow chart, it's an incredibly helpful tool and would have been useful for me at this time. If you feel like you are struggling with debt, please follow this chart. + +My goals are to buy a property within 2021 with my partner, get married, do some low risk investing and then see what the future holds. But looking back at when I thought my life had fallen apart, I don't even recognize that part of me anymore. +So this is sort of (ok, mostly) a brag post, but I just checked Mint and noticed that [I finally cracked $100,000 net worth!](http://i.imgur.com/LkDcBNr.png) What's more, it happened exactly five years after I started getting serious and tracking my finances. This is kind of a milestone for me, because I didn't come from a rich family, and I started out with thousands in student loans (though not as bad as some folks) and very little assets (the starting $1,500 was my guess of what my crappy car was worth). + +There isn't any magic secret here, but if you just keep saving / investing, you *will* see growth over time. A few tips, most of which are pretty much standard advice in /r/personalfinance: + +* Wherever possible, set up automatic savings, so it comes out of your paycheck and you never have the chance to see that money and spend it. I can't stress how key this is for me. I try to set it up so I always feel "poor" in that after I pay all the bills, my checking account balance is a little bit tight. It encourages me not to waste money on nonsense, and if I have to transfer from savings for a big purchase, it makes me stop and think about it more. + +* Invest in low-cost index funds. If you're unsure where to get started, check out the resources in the sidebar, or [the Bogleheads wiki.](http://www.bogleheads.org/wiki/Bogleheads%C2%AE_investing_start-up_kit) If you're totally clueless, the [Vanguard Target Date Funds](https://retirementplans.vanguard.com/ekit/pmed/trf/index.html) are a very sensible and easy place to put your money for now, while you learn more about investing. + +* Change jobs to get raises. Maybe in the olden days you could stay put at one company and get promoted with a big raise, but I've found my good raises come when I move companies. I usually stay at one place long enough to learn some new things and take on more responsibility with a fancier title, and then I use that as leverage to get a new job with pay fitting the title. I started out working in a callcenter answering tech support calls for $33k/year, and I'm now a software engineer making $75k. (Edit: The intermediate step was teaching myself programming and then doing QA for a software company) + +Edit: Added some more information about investing, I shouldn't have acted like it was super obvious. It gets talked about over and over here, but it's always new to somebody. Also, because several people have asked, I am 29 years old, I do have a bachelors degree, but I majored in biology with a math minor. I didn't study computer science in college. + +Edit2: A lot of people have been asking about how I made the transition from helpdesk to software dev. I wrote about that [a bit here](http://www.reddit.com/r/personalfinance/comments/2us5o5/this_advice_really_works_five_years_12000_to/cob8nrx): + +> I would suggest not applying directly for software engineer jobs, but for something closely related. In my case, after doing phone tech support, I taught myself some programming and got a job as a "test engineer" (sometimes also listed as "QA Engineer") for a company that builds web applications. Then, I was able to demonstrate my abilities by automating large parts of the testing process: bringing up virtual machines, automating browser interactions with Selenium, etc. + +> After about a year and a half, they had a software engineer opening, and I applied. It was probably the easiest interview I'd ever done, because I'd already been working directly with those people, they knew me and they knew what I could do. + +If you're looking to learn to code, [there are great resources here.](http://programming-motherfucker.com/become.html) I started off with Python, which I still think is a great language for beginners, but if you want something that is immediately marketable, JavaScript is probably the way to go these days. +First, my husband (no kids, 47 and 49) is fantastic. Our Fire journey has happened over the last couple years (we both work, both part time, NW $10m), but we have really maintained our living style. We haven't upgraded our house (owned 1400 sq feet for 20 years) we drive two cars both almost 10 years old, will go on trips, but nothing crazy, (definitely no first class, or spendy locations), we make nearly 95% of our own meals, and don't get wrapped up in material goods. I enjoy all of that. + +However, I have seen on another thread here about people going on really fantastic vacations that sound amazing to me (renting a boat for a week in the BVI with a captain and chef, trip to Africa, months long trips to Australia or NZ). Even though we have the wealth to do any of these, that kind of outward show of wealth would be a deal breaker for my husband. Has anyone else dealt with this with a partner? + +I'd really love to see some more of the world with personalized services, without having to rent an AirBnB, get the cheapest rental car, fly coach. How do you change your partners mindset into "Yes we have the wealth, we are frugal nearly all the time, we can afford these luxuries"? +# Stock is $1.40 currently + +# + + What's up guys. The stock that I'm trading tomorrow morning is called BHAT. Honestly I have no idea what this company does but the charts look great. My cup & handle Target on the weekly chart is $2.20 + +I went back in the charts and realized that if you measure the latest bullish trend on the weekly chart, that is where the price target of $2.57 comes in, it's the 127 Fibonacci extension on that last bullish trend. Stop loss is $1.20, risk accordingly. I'm gonna get in for standard 2% risk + +https://preview.redd.it/6tf5i8usuhm61.png?width=1828&format=png&auto=webp&s=73d8d4182f3d056bfdb942f7ebf8ed2d4876cf50 +I grew up poor. Really poor. Housing. Government benefits. Single parent. +The only time we had food is when ma and I would go down to the women’s centre to get a supermarket voucher. $40. Otherwise it was always canned food. Makes sense why I was so constipated all the time. +It was awful. All my clothes were secondhand. I never got any new toys. They were all hand me downs too. Everything was a hand me down. +I couldn’t have music lessons even though I showed a massive interest. This was wayyy before YouTube days so you couldn’t learn online for free. +I spent most of my time watching whatever’s on tv. +It was awful. + +I’ve since turned my life around as an adult and it’s amazing. I’m in a very comfortable position for my age group [$534k net assets DINK] and I don’t have anything to worry about financially. +However, every now and again I do get very anxious. And I don’t spend. And I bring my COL right down, sometimes unnecessarily. I need a night guard so my teeth will stop moving. They cost $1k-ish. At my position with our income, this isn’t even a hiccup. But I get so afraid of ever having to experience my childhood again, I begin to think that it’s frivolous. +Until I get reminded of how silly the situation is. Of course I’m getting those night guards! + +Are any of you, still haunt by your childhood? How do you cope with it? + +Edit: Thank you everyone. Especially u/thorskay. Enjoy the gold. +I have great comfort in knowing that I’m not the only one. And that my anxiety is ‘normal’ and I’m not a freak. It’s going to take time and patience and possibly therapy for me to get over this. But I can and I will. I believe in myself. I got this far. + +And FWIW, I don’t live in North America. Have called and couple places for quotes and $1k mark is right for the kind of night guard I need. +I have been working in digital for over twenty years, and the first time I heard about crypto was from one of my fellow devs who was mining Doge in 2014. I bought about $50 worth of it back then and ended up losing access to wherever it was stored at the time. No big deal, it was my first lesson in this crypto journey, one of many. + +After years of not paying much attention to crypto and working on other investments; stocks, real estate, retirement funds, etc. I came back to the space in 2019 with a renewed passion and drive. Stocks had always bored me, I never felt like it was a market I related with, and since I work in digital, crypto makes sense to me. + +So I got back into Doge because that's where I started. And then BTC and then ETH all around the same time in 2019. Then came alts, and with them came tons of research and discovery, buying projects I believe in. The crypto world's volatility didn't scare me then, and it doesn't scare me now because I think it's the future, and I refuse to sit on fiat that isn't working for me. + +Fast forward to this fine new year, and I am so proud to have grown my portfolio to what it is today. To be a woman in this space, understand the fundamentals, and withstand the fear is very empowering. So to all the women out there who are either veterans in the crypto space or newbies, keep going!! It's an honor to invest alongside all of you! And cheers to the men out there crushing it too! + +EDIT: this is absolutely not an anti-man post! Yeesh! Men rock! This is more about women having confidence to invest, learn, grow and become financially independent. Ultimately being able to build an empire with their crypto loving mate! +I live in a midwestern city and our market is HOT. I have been a buy and hold investor for about 8 years and have enjoyed nice cash flow (always met the 1% rule or more) and great appreciation. This was with B and C properties. Now I'm finding that buying anything as a rental doesnt really make any sense. I cant find anything decent with the 1% rule, since our market has appreciated so much and rents havent kept up. Is flipping a better option now? Anyone else scratching their head as what to do? +Hi All, + +I posted this the other night requesting for [questions](https://www.reddit.com/r/Superstonk/comments/pz9pki/computershare_updated_their_faq_page_question/). + +People were more excited about pointing out that Charlie is wrong (spoiler, that's correct), and i got a few questions. + +However, I'm about to send an email off to their team that we're in touch with about FAQs, and what they can add to them. + +Please have a read of their newly updated FAQs: + +[https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +Then proceed to ask any and all questions, yes I will go through everyone before I send the email off at Sunday 5pm AEST. + +Edit: Here's a link to u/Doom_Douche's [When you wish upon a star - a complete guide to ComputerShare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) that will be pinned back after this FAQ request. +I have retired on Friday. My wife has been retired for about three years. + +This post is a bit about our path, and a bit about our concerns. + +We came to the US in 1990-1991; I became a grad student here. I got an RA, and did not have to pay tuition; they even paid me a small stipend ($1100/mo in a VHCOL area). After graduation, I had a temp position for a year, then started to work for various hi-tech companies in a HCOL area. My wife worked most of the time (except for the last three years and after birth of our second child). Both kids are out of college now. They went to a state school, and we have paid for their education. + +Coming from a humble background, my wife knows how to save money. We are not materialistic, and do not care about designer clothes or nice cars. The only really expensive purchase was our house, which we bought exactly at the peak. It has not reached the original price, but we like it and are not planning to move. We were moderately lucky with our investments, but did not have spectacular returns. I came to US in 1990 with 30 dollars, my wife and daughter came in 1991 on money that I have borrowed. Given what we have now, we fared well. + +Now I am pivoting to reading, writing and teaching math. I observed the state of math education in US when my kids went to school, and I think there is a lot to be desired here. I am talking to a private school in the area about teaching an elective class there. (Public schools require a license.) + +In addition to 401k plans and IRAs we have some rental real estate. Altogether, real estate is about 2/3rds of our NW. We should be fine. Still, I am not very optimistic about SWR. Here comes a bit about our concerns, as promised. + +I am afraid that the common 4% may be too good to be true. Having a quantitative background, I've got various considerations to support this concern. I will not bore readers with my own rambling, but will quote a book “The Battle for Investment Survival” by G. Loeb, who in turn quotes another guy. Here is what Loeb writes: + +“Capital compounded at 6% doubles itself in money value in only twelve years, and at 5% in little more than fourteen years. The fantastic results of this process were illustrated by the late Frank A. Vanderlip in a *Saturday Evening Post* story of January, 1933. He pointed out that if the rich Medici family in Italy just six hundred years ago has set aside at 5% compound interest an investment fund equal to $100,000, its 1933 value would be $517,100,000,000,000,000 (five hundred and seventeen quadrillions). The original sum could have been represented by a globe of gold about nine inches in diameter, and the final figure would be 46 million times the existing monetary gold stock of the world.” The author proceeds to write that “There are many … threats, such as taxation, regimentation (including rationing), war, new inventions, political changes, and revolutions”." + +This argument states that the recent 7-10% returns of stock market indices may not be sustainable, universal or both. Both the productivity growth and the population growth have slowed down. It is hard to imagine that real returns of the stock market (after inflation) will beat these two variables on a continuing basis. + +We have selected a conservative approach and can use a withdrawal rate, which is lower than 4%. Being 58 also helps :-) + +&#x200B; +Saw a post on custodial accounts, didn't want to hijack it as I had a question on ROI for setting up a trust now in our situation + +**TLDR;** + +With a current NW of about $11MM (which would be higher when life insurance is factored in for estate planning purposes), does it financially make sense to setup a trust now for the only kid to which both me and wife can contribute upto the gift tax exclusion when the trust administration fees from professional investment companies seem to be a minimum of $4k- 5K per year? No additional assets would be moved to the trust till we both pass away and my wife does have a serious medical issue. + +Based on my simple math, the fees seem ok though it seems prohibitive at the start - 5k fees for a Trust that has 30k on first year. But wanted to ask the collective wisdom of this group on how they have tackled this. + +**Details:** + +We don't have UTMAs for our Kid (only 529) but we are accelerating our estate plan due to medical situation with my wife. The problem I see with the UTMAs based on my limited research is that they get included in the estate plan of custodian so if they have sizeable assets they are going to impact what the kid could get if the custodian passes away. So we need to have someone else other than me or my wife as custodian. So I am ruling them out. + +One of the suggestions from the estate planning lawyer was suggesting a trust to be setup for our (only) kid to which both me and wife can contribute annually upto the gift tax exclusion and our other assets can be moved to the trust for her once we both pass away. + + I have my sibling who can act as the guardian and we certainly "trust" them enough to be the trustee as well, but looking at the paperwork for trust administration, it looks like it is better left for professionals to handle (and have my sibling involved in the investment decisions). I am looking at some of the Trustee services from brokers (Vanguard, Fidelity, Schwab etc.,) and also investigating local options. The fee for for the Trustee services seem to be minimum of $4k - $5k from the brokerages (and with most of them charging upto 0.5% of assets for upto $5MM). + +Based on my simple math even though the fees consume a large portion initially, setting up a trust now makes sense as we can leverage the gift tax exclusion and the longer that we both live eventually the trust fees that we pay would be less than the estate taxes either from Federal or from the state (WA where the cap is low) + +Am I missing anything else in our considerations? Also if you have recommendations on trustee services that provide Agency Trustee that would be great as well. Thanks! +I'm a software engineer at a one of the FANGs. I make 400K/year. I have a steep career trajectory and I can see that number doubling over the next \~six years if I continue to get lucky and do well. + +&#x200B; + +But how do I break 1M/year? Move to quant finance? Do I have to start my own company and get acquihired back into FANG? Do I have to join the next FANG company early on? Start politicking like crazy and try to steepen my trajectory further? Do a bunch of interviews and get all the FANG companies in a bidding war over me? + +&#x200B; + +Or is the only solution to bail on bigco and start my own company? +I’ve been day trading stocks for about 2 years now, and I’m still struggling find consistency in profit. What was your experience like during the early stages of trading? How much did you lose before getting good? How long did it take? + +My current strategy is scalping mid-large cap stocks (usually tech) using key levels of the day. I’ll trade news, earnings, and economic calendar. + +Thanks in advance for sharing! +Shares of Apple hit their highest prices of 2016 on Monday as Samsung Electronics Co. Ltd.’s exploding-phone saga worsened and one analyst said Apple could sell millions of iPhones because of it. + +Samsung announced Monday afternoon that any Galaxy Note 7 devices that have been sold should be turned off, and said it was halting sales of the smartphone after replacements suffered a similar overheating issue to the original devices. Samsung had already decided to stop production of its Note 7 smartphone after several more phones caught fire over the weekend, telling MarketWatch that it was “temporarily adjusting the Galaxy Note 7 production schedule in order to take further steps to ensure quality and safety manners.” +http://www.marketwatch.com/story/apple-could-sell-another-15-million-iphones-because-of-samsungs-note-7-explosions-2016-10-10?siteid=yhoof2&yptr=yahoo +* The due date is Dec 31 for the folks whose original due date was July 31 +* Due date is Jan 31 for those who need compulsory audit +* Extension was requested by CAs and tax professionals + +One of the many sources: [https://indianexpress.com/article/explained/explained-why-govt-has-extended-dates-for-filing-income-tax-returns-6868606/](https://indianexpress.com/article/explained/explained-why-govt-has-extended-dates-for-filing-income-tax-returns-6868606/) +Been in software engineering for almost 6 years now and as good as the pay is, I'm a bit burned out by the amount of new stuff I have to learn to stay relevant in my field. Anyone transition out to another career and have advice or suggestions? I'm not looking to do a 180 and open a coffee shop (as some of my colleagues have done during the great resignation) - more like a 90 degree pivot. +The city government wants to buy a small chunk of my land from my home for some reason. I live in Canada (Ontario) to be more specific. I really don't want to sell, what can I do? +Hello Everyone, + +I rarely ever post and when I do it is to feed my purple ring or celebrate old hype videos. Now to get this out of the way first, obviously people will call me a shill and drama stirrer after this post so I suggest looking at my account history before you start spewing bullshit. I've migrated multiple subs with this community and I'm proud to be where I am. Also, because mods have been removing posts for allegedly breaking rule 1: EVERYONE I have tagged in this post has given me their permission to do so and there is not a HINT of harassment towards them anywhere here. So don't give me that bullshit when removing this post or banning me. Now let's begin. + +You may have seen two posts of u/Gentaro asking for more transparency in the sub regarding the silent removal of multiple moderators. If not, here you go: [Post 1](https://www.reddit.com/r/Superstonk/comments/y46kt0/transparency_in_the_sub/) and [Post 2](https://www.reddit.com/r/Superstonk/comments/yau97d/transparency_in_the_sub_v2/) . + +In short: 4 mods have been removed (including u/jsmar18 and u/DeadDevotion ) without a peep to the community and u/Gentaro made a post asking why that is and what happened. He was being very considerate and friendly, even asking where the community can help to improve things. Seriously, check his first post. **(remember this)** Now what really stands out is that none of the current mods decided to make a statement regarding that post and even more worrying is the fact that actual OG mods ( for example u/jsmar18 ) are among the removed mods. This guy worked his ass off to support this community and make it grow and prosper. Him leaving is a really big move and he wouldn't do so without good reason. + +Now, when there was no response Gentaro made a second post asking for input from the removed mods since the mod team decided to ignore him. Let me say this again, he ASKED for their input. He didn't force anyone, he didn't bully anyone, he ASKED and INVITED them to say something. **(remember this too)** One of them, u/DeadDevotion decided to share some insight in the comments. However, due to current worries of her own privacy and potentially being doxxed, she has not gone into a lot of detail. People have been asking her for the "full story", which she currently can not provide due to said reasons. + +However, I was very concerned and reached out to one of the ex-mods and they did share with me in private that behind the scenes a lot of toxic behavior and powerplay led to the loss of the initial values of the mod team, even forcing some members to leave because of the emotional toll and stress. **Something to think about.** Anyway, this post got a lot more attention and the comment section got spicy. + +**Spicy enough for someone to take their alt account, manually approve it because of lacking karma, and use it to attack Gentaro and DeadDevotion in the comments. Yes, that's right.** **A Superstonk mod manually approved this account which had no history and only 273 karma to stir shit up in the comments. Ask yourself why and who would want this. The comments were removed after they were called out.** H**owever,** [here you go](https://imgur.com/a/65fekMK). + +As you can see on that screenshot, another angry ape even did some analysis on the identity of this account and dug up some info. + +As you can see, this person was trying to spin a narrative about the post being made in bad faith and how Gentaro and DeadDevotion apparently knew each other, claiming Gentaro got the "mod news" from her. Now whether that is true or not is not even that relevant, because it changes nothing and is just a made-up argument to distract from the issue. However, the fact that someone needed to quickly get their alt account involved to discredit Gentaros post **is relevant.** So I ask, what the fuck was that? What are you trying to hide here? + +Now, it gets even better. This happens, they discuss, comments get removed after a bit and what do we hear? **Another mod is gone.** In this case, Goldie. At this point things are just getting ridiculous. Gentaro made a post about that, which got removed. [Here ya go](https://www.reddit.com/r/Superstonk/comments/yc7mb3/psa_ugoldielips_is_not_on_the_moderator_list/). + +**Oh and one more thing, shortly after Gentaro was banned. That's right, he edited it in his 2nd post as well. Reason being "don't tag any redditors to harass them". Yeah, sure...** + +Does **ANYONE** care to explain this clusterfuck that is happening in the mod team right now? Don't we as the community deserve some more transparency than this? And instead of leaving an open discussion, there's been active efforts against it and even banning certain voices. I hate to be that guy but we deserve better and this is sick. + +Waiting for a proper response. Or ban me, make use of your powerplay if you like. + +Oh yeah, still DRS tho. + +&#x200B; + +Edit 1: + +First of all I thank you for the wide response, also a ton of supportive voices as well. I've received multiple DMs of people talking about the same issues but failing to bring it to people's attention because they always get shit on as soon as they mention anything negative about mods. Guys please, this is a sign that there are issues that are being suppressed and I'm not the only one noticing. The whole "negative news is always FUD and drama" mantra is incredibly stupid and short sighted. That's how eco chambers are made, let's not become one. + +Also, **there's been multiple new bans of people** speaking up and referencing my post. Not a good look on you mods. Will mention them with their names when I get confirmation that they don't mind because otherwise, I'll get a ban for "tagging people to harass them". What a joke. Also, the mod comment below my post doesn't address a single thing I've written and instead deflects to some made-up arguments I didn't even mention in my post. In Germany we call this a "Strohmann-Argument". [Here, look it up.](https://en.wikipedia.org/wiki/Straw_man) + +Edit 2: + +I've got confirmation from one of the banned people, u/Retardnoobstonk . He made [this post](https://www.reddit.com/r/Superstonk/comments/ydiqlg/mods_are_censoring_discussion_on_transparency_im/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) and shortly after it got removed because it was "irrelevant to GME". Yeah sure, let's ignore the Gamestop sub issues because it's not about the stock. How incredibly short-sighted. And the reason for his perma-ban is an accusation for "threatening" ([Source](https://imgur.com/a/Mn4MHVT)) a mod in the comments because he said "irl karma will come for you". [Source](https://imgur.com/a/MQSoPch). Boy is that a threat, he really must be plotting something with that karma guy huh. +Technically I've been worth 'nothing' for a while if you include the value of my house. But as the house is not exactly a liquid asset this is much more of a milestone toward independence. + +I could, if I wished, pay off my mortgage even if I got fired tomorrow... I'd have to sit in the dark and eat the furniture, but every penny from now is pure independence! + +I don't know about you but trust is a massive thing for me. Especially when it comes to the products I use and invest in. They have lied about their circulating supply TWICE and have blatantly committed fraud. Their responses to this was literally just a "whoops, well looks like you caught us". This is an absolute joke in my eyes. + +I have literally sold all my SOL, I've bought a bag of MATIC and I'm never going back. It's more decentralized (SOL has proven to be extremely centralized), The team can actually be trusted and it's just an overall better chain IN MY OPINION. + +Yes I know Solana has a higher market cap but I feel like in the long term, Polygon will be flipping it. Are you really so obsessed with making a quick buck that you'd invest in a project who's developers have blatantly lied to your face and have disrespected you on multiple occasions? I don't know about you but I'm not about that life. Respect yourselves, They only get away with this crap if we let them. +This [thread](https://www.reddit.com/r/ethtrader/comments/vcutoz/dont_freak_out_about_crypto_being_down_everything/) that blew up on here a few days ago mentioned crypto based real estate projects. I found out about this category recently and thought it was super interesting so I’ve been digging into what projects currently exist. I think this might be eye opening to other people on here too so I figure I’ll share it. As a caveat, I don’t recommend anybody currently invest in these projects. I think they’re very interesting but I don’t think any of them are established enough to fully trust yet. I don’t have any money in any of these. Ironically, talking about this got me banned from the main CryptoCurrency sub because the mods think mentioning something is the same as shilling. + +One thing I’ll say is that many people draw comparisons between these projects and REITs. While REITs can be a way for normal investors to get exposure to real estate, they shouldn’t be the only way to do that. Saying “REITs exist so why should anyone care about these things” is like saying “Stocks exist so why should anyone care about bonds”. Different mechanisms for investment are a good thing, particularly when it comes to making investing accessible to normal people. With that out of the way, here’s some of the more interesting projects in the web3 real estate space and my thoughts on each. + +I’m not a real estate pro so if I’m wrong about anything, feel free to correct me. + +**Balcony DAO**: This is in the early stages but they’re one of the most interesting ones. They want to take major real estate investment opportunities (like residential skyscrapers) and turn them into tokenized real estate via NFTs that normal people can invest in. + +Pros: + +* Fully doxxed team with founders that are known in the real estate industry unlike other projects with anonymous leadership. +* Supposedly the real estate NFTs will be securities that are in accordance with any SEC regulations unlike other projects that are ambiguous about whether they’re securities or not. +* Recently announced a $13M investment into their first building that will be tokenized. + +Cons: + +* Currently, NFTs can’t really store enough data to replace traditional real estate record keeping. Balcony is having to develop their own tech and marketplace to solve this, which can be a pro or a con depending on how you look at it. +* They’re not really a DAO so I don’t like that it’s part of their name, it gives people the wrong idea about community control of the project. +* They’re the most ambitious of the projects I mention here but they’re also not as far along as the others. While you can buy one of their NFT deeds, they don’t have anything for sale that’s actually real estate backed yet. This will change if they actually launch a property. + +**Lofty AI**: They’re a startup where you can buy shares in tokenized rental properties. Essentially, you find a house and can buy a share of ownership. It’s basically like owning stock in a house where you get dividends in the form of rent. + +Pros: + +* Very low floor for entry. They advertise that you can invest with as little as $50. +* On Algorand (I personally like Algorand). +* They’re backed by Y Combinator which is good pedigree to have. + +Cons: + +* The fact that it’s crypto based seems almost meaningless to the project. I suppose this could be a good thing, but if you stripped out all the crypto elements it would basically be the same thing as Fundrise and Roofstock. +* On Algorand (A lot of people really hate Algorand). +* This is true of a few of these projects, but investing in real estate this way limits your ability to use leverage, which is one of the major reasons to invest in real estate. + +**Propy**: Their focus is on normal real estate transactions in the Web3 world. Instead of buying or selling your house through normal means, you can trade it like an NFT. They claim to have sold the world’s first real estate NFT. + +Pros: + +* Maybe the most well known player in the Web 3.0 real estate space. +* Could embed itself with realtors and gain market adoption through that. + +Cons: + +* Not a good mechanism for casual investment. They’re basically only usable when you’re buying/selling an entire house. +* Kind of lied about selling the world’s first real estate NFT. +* The benefits of this type of project are very limited until there’s widespread adoption and governments begin to incorporate it + +**CitaDAO**: They want real estate to be tokenized and transacted on chain. One of their focal points is steady rental income from their projects. Their process involves staking USDC in a pool. Each property they acquire has a separate fundraising effort. + +Pros: + +* Since it’s run as a DAO, there’s full community control over all major decisions. +* Recently succeeded with their second fundraising effort to buy a property in Singapore. + +Cons: + +* Their initial fundraising effort for a building in England failed to capture enough revenue, falling about 30% short of the total they needed. +* They use weird proprietary terminology like IRO (“Introducing Real Estate On-Chain”) which is annoying to me. +* I’d much rather invest in property in the US than in Singapore or England personally. + +**Red Swan**: I’ll admit, I know the least about these guys, but my understanding is that they sell tokenized commercial properties. It’s similar to Lofty where you can buy shares in a property through their marketplace, but for commercial real estate instead of houses. They also have a fund you can invest in which basically looks like a REIT. + +Pros: + +* I don’t really like this project to be honest. + +Cons: + +* Their website feels like it’s from 2009. +* You have to be an accredited investor to invest in this, which basically means you already have to be very rich. This does nothing to make real estate accessible to normal people. +* Their properties have holding period requirements which feels icky to me. +* They talk about their platform being for commercial properties but their list looks like it has a bunch of residential properties which is kind of weird to me. +ETH is not a security. ETH has the majority of developers by an absurd margin. ETH can do everything Bitcoin can do and do it faster. ETH can do much much more than Bitcoin can do. ETH has a major growth in non-mutually exclusive scaling solutions. ETH is available on all major exchanges, with trivial Bitcoin gating remaining. + +Seriously. It’s Ethereum’s world now. Time to shed bullshit notions that Bitcoin and Bitcoin want-to-be chains are needed (Litecoin, Ripple, etc). + +Maybe third generation chains will someday surpass ETH (Aion for example). But that’s a ways off. It’s ETH’s world now, and for the foreseeable future. +As expected when merging The Merge, the price of ETH has dropped, everyone thinks how much ETH will return. I'm planning to buy ETH and RBIF at $1000 what do you guys think?*📷* + +&#x200B; + Thats right! The **CEX** listing announcement is here! MemeLordz is going to be on *BitMart* exchange tradable at: + +* Deposit feature: 8/22/2021 04:00 AM (EDT) +* Trade feature: 8/23/2021 04:00 AM (EDT) +* Withdrawal feature: 8/24/2021 04:00 AM (EDT) +* trading pair will be available: $LORDZ/USDT. + +&#x200B; + +Have you been looking to get in the next 1000x potential GameFi gem? Look no further because MemeLordz is here to give you the best game with blockchain functionality so you can love the game even if you don't own any crypto! + +Travel the open world battling and binding lost Meme Lordz. Immortalise your Meme Lordz at the Meme Stream where you will be able to initiate metamask transactions and mint unique Meme Lordz NFT’s. + +MemeLordz has the most viral potentail with NTF's in the game being "Lordz" and each lord being a famous person, weather they are from history or present the options here are never ending! There are currently over 220 different lordz in the game each having uniqe character traits and battle moves to give a very strategic experiance to the top down style RPG games. + +MemeLordz will bring back Zelda and Pokemon style memories with its amazing sound track and epic gameplay. + +Lordz holders will earn BNB and profit from the success of the game! Lordz holders also receive discounts on unique cosmetic nfts & as mentioned in the AMA Douglas actually thinking about giving 100% of our minting tax back to holders (up from an initial 50%) so its a pretty huge incentive. + +the game will go live Q3, late september, single player offline. then Q4 blockchain functionality and online multiplayer. + +Check out MemeLordz medium post! So far there are 6 detailed updates on the progression of developing the game, and get ready for BitMart CEX listing!! + +[**Website:**](https://memelordz.io/) + +[**Twitter:**](https://twitter.com/MemeLordzRPG) + +[**Medium:**](https://memelordz.medium.com/) + +[**Telegram:**](https://t.me/MemeLordzGame) +Contract address: 0x7c63f96feafacd84e75a594c00fac3693386fbf0 + +Token Progress Update + +If this is your first time seeing ASS welcome! + +I recommend everyone new goes to assfinance.com and checks out the telegram and twitter. Read through the pinned messages in our telegram to get up to speed and hop in the voice chat with any questions. + +We are the next best BLUE CHIP meme coin with a name that will make your head turn. This post is to give a little update and to also get the word out to new investors. + +As of today may 4, here are some milestones and updates to look forward to + +- As of today we have over 200,000 transactions, nearly 80,000 wallet holders, went from a 2,500 mkt cap to over 100 mil in 3 days. The project is less than 2 weeks old! + +- Olivia, the developer is kyc’d + +- Liquidity is locked for 69 yrs +https://team.finance/view-coin/0x7c63F96fEAFACD84e75a594C00faC3693386FBf0?name=Australian%20Shepherd%20Token&symbol=ASS + +- Ownership of contract has been renounced + +https://bscscan.com/tx/0x2c003cec3ee21f33c36fb6e3a5069193757ba9267d36f4df993281d88f1a8523 + +- our developer has gone on David gok’s twitter show to talk about the project (@davidgokhshtein) + +- ASS was featured in an article published in an article from Business Insider ( https://markets.businessinsider.com/news/stocks/want-to-find-the-next-dogecoin-these-7-meme-cryptos-are-rocketing-higher-1030339420 ) + +- Our developer has recently brought on Derrick Foote as an advisor for the project. You can read through his LinkedIn page here ( https://www.linkedin.com/in/derrickfoote86/ ) + +- The creator of doge coin has tweeted about and purchased ass coin himself! You can verify this by checking his twitter user here ( @BillyM2k ) + +- The community has raised over $100k for a marketing wallet, (address: 0xA3C26F1d3da2Cb69603DD393c67F4113DE1e374d ) + +- ASS was mentioned on a Barstool Sports Podcast called “51 Strokes”. You can listen to it here, https://podcasts.google.com/feed/aHR0cHM6Ly9tY3NvcmxleXMuYmFyc3Rvb2xzcG9ydHMuY29tL2ZlZWQvNTEtc3Ryb2tlcw/episode/MjViOWRmMGItMGViMi00ZGVmLTg3M2MtYjllODY5NmEzNjhm?hl=en-CA&ved=2ahUKEwiVg9eghaXwAhVNCc0KHS1uDPAQjrkEegQIAxAF&ep=6 + +- Our social media’s are gaining traction with over 17,000 twitter followers and lots of big names tweeting about us ( https://mobile.twitter.com/assfinance?lang=en ) EVEN CZ, CREATOR OF BINANCE FOLLOWS US AND LIV THE DEVELOPER! + +-We are also soon to be listed on WHITE BIT In the next 7 days! + +Side note: If purchasing on pancake swap, USE V1 old, NOT V2!!! (Slippage 11%) +I am curious to know who's gonna invest in Coinbase when it DPO's tomorrow? Or at least in the near future. There is a a lot of buzz around this DPO and you can argue it is the biggest DPO of this year(ROBOLOX was pretty big too). + +Coinbase is a direct public offering, which means shares trading on an exchange with no previously issued shares and everyone has access to the shares at the same time. This makes it more volatile than an IPO. + +Anyways, who's gonna buy Coinbase tomorrow? +It appears the restrictions on Roths have been removed from the most recent draft of the reconciliation bill. I've skimmed the text and searched for references to Roth, IRAs, or retirement accounts and don't see anything, so my initial analysis indicates most of the concerning elements have been removed, but I welcome others' input. + +Link to text: https://rules.house.gov/sites/democrats.rules.house.gov/files/Section-by-Section-117HR5376RH-RCP117-17_0.pdf + +Link to another post coming to the same conclusion: https://www.asppa-net.org/news/browse-topics/retirement-mega-roth-provisions-dropped-reconciliation-bill +First time I call, I tell the robot that I want to DRS my shares, the bot knew what I was talking about... immediately sends someone to help me, they sent a lady to pretend she doesn't know what I'm talking about, I calmly tell her with confidence that there is no way she doesn't know what I mean when I say I want to Direct Register my shares with computer share and then proceeded to tell her I am recording her conversation incase I am forced to file litigation for the fraud this "royal" bank is committing. + + +She proceeds to hang up on me, I call back, get the good cop this time and they tell me 6-8 weeks to DRS my shares... I told them it should take no longer than 5 business days and that this is proof they don't own the shares in my REGISTERED TFSA + + +Would've thought at such a discount they'd be able to locate shares to direct register for me... makes me believe we're getting to the point where they can't find any REAL shares anymore +Link: https://www.bloomberg.com/news/articles/2017-12-19/sec-halts-crypto-over-manipulation-concerns-after-2-700-jump + +For those who were investing during the dot com bubble, did it look like this? It seems like there are multiple stocks that change their name for blockchain/bitcoin too. +*As per /u/jtnichol's suggestion, a standalone post. ([Original here](https://www.reddit.com/r/ethtrader/comments/awr8yb/daily_general_discussion_march_3_2019/ehpfa2e/).)* + +So, I'm going to offer my unsolicited "go-to" articles and books I've reread in the last weeks and months. Coming from the perspective of preparing for the next bull - you want to make smart choices once you have an abundance of options. + +* Paul Graham's Cities (http://paulgraham.com/cities.html) +* Nassim Taleb's Antifragile (https://www.goodreads.com/book/show/13530973-antifragile) +* Jim Paul's What I Learned Losing A Million Dollars (https://www.goodreads.com/book/show/1334384.What_I_Learned_Losing_a_Million_Dollars) +* Paul Graham's Wealth (http://paulgraham.com/wealth.html) +* Marc Andreessen's Four Types of Luck (https://pmarchive.com/luck_and_the_entrepreneur.html) +* Alain de Botton's How Proust Can Change Your Life (https://www.goodreads.com/book/show/23420.How_Proust_Can_Change_Your_Life) +* Hitchens' Letters to a Young Contrarian (https://www.goodreads.com/book/show/503150.Letters_to_a_Young_Contrarian) +* Lewis' The Big Short (https://www.goodreads.com/book/show/26889576-the-big-short), also recommend the movie (those guys *knew* they were right but took shit for months/years - paycheck eventually came) +* Simler/Hanson's Elephant in the Brain (https://www.goodreads.com/book/show/28820444-the-elephant-in-the-brain) +* Richard Bach's Illusions (https://www.goodreads.com/book/show/29946.Illusions) +* Will Durant's Lessons of History (https://www.goodreads.com/book/show/174713.The_Lessons_of_History) +* Ayn Rand's Atlas Shrugged (https://www.goodreads.com/book/show/662.Atlas_Shrugged) +* Robert Hagstrom's Investing The Last Liberal Art (https://www.goodreads.com/book/show/209954.Investing) + +And then anything from Matt Ridley, Krishnamurti, Malcolm Gladwell, Walter Isaacson. Can share more if you guys would like that, but I guess this is a nice list to start with. + +Plus I recommend giving Conversations with Tyler (podcast) a try, together with Sam Harris' Making Sense, Jordan B. Peterson's podcast and Joe Rogan, for some specific episodes, like his ones with David Goggins. Many of the above-mentioned authors were guests on any of these podcasts. + +Recommendations are welcome! + +Edit: I completely forgot a side project I'm doing - I read my favorite articles/books/podcasts so that you can listen to them on the go. Check it [here](https://archive.belgianboy.com/). Maybe start with [Naval's How to get Rich tweetstorm](https://archive.belgianboy.com/how-to-get-rich-without-getting-lucky/). It takes me a lot of work to read them but I'll add some more in the future :) +What's up Apes, Boner here; Noticed something interesting and this could explain the slow bleed and max pain tracking we've been experiencing not too long ago...even still today. + +Jumping right into it I noticed a post of a Screenshot from a BBT showing BlackRocks GME Q3 position... I noticed they dropped from 11,000,000 shares to then having 9,000,000 shares to now owning 7,000,000 shares.... so I started asking around for answers, why would they be selling off there position. + +Link to the BBT post + +[https://www.reddit.com/r/Superstonk/comments/p5o7o6/price\_has\_been\_suppressed\_thanks\_to\_blackrock/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/p5o7o6/price_has_been_suppressed_thanks_to_blackrock/?utm_source=share&utm_medium=web2x&context=3) + +One thing to note is that RC ventures AKA Ryan Cohen is now currently the largest share hodler of GameStop. + +A user by the name of u/socrates6210 pointed something out to me that made me realize what BlackRock is up to... + +He sent me this tweet.. + +[https://twitter.com/Charlie1337420/status/1427433898993139718?s=20](https://twitter.com/Charlie1337420/status/1427433898993139718?s=20) + +The tweet for those who don't have twitter has this picture + +&#x200B; + +[credit to twitter\/charlie1337420](https://preview.redd.it/dykbrwwmuth71.jpg?width=828&format=pjpg&auto=webp&s=5343509742bfd713bf6eeb928ea260bb61742f9e) + +HMMMM so Blackrock is dumping and adding shares here and there to bring the price to Max Pain to absolutely squeeze Kenny by the balls and bleed him dry? + +Well yes, thats exactly what's happening here. By doing this also lowers the ceiling for margin calls (possibly). Wut Doing $344? Next time we'll find out. + +The tweet reads + +"Deep Effing BlackRock is our Max Pain Whale In BlackRock's annual report for its' ETF, it was explaining why the fund performed poorly to its' investors. It says "GME was a deep value play entering into 2021". 11m shares then, 7m now. Max pain confirmed" + +So to conclude all this it seems to me like BlackRock is our Max pain whale that we've been wondering about. No surprise there; they wanna crush all competition. This also Confirms GME is a long play to BlackRock. This makes me believe that once things start picking up speed again here real soon, BlackRock is going to dog pile GME and buy up a shit ton of shares at once and help take this rocket into the stratosphere and destroy all shorts once and for all... This seems to be there Endgame play.. Let me know what you think in the comments. Im Jacked To The Tits Either Way! 🚀 + +🚀No matter what, BUY & HODL,Hedgies Must Cover,Diamond F\*cking Hands, Moass is imminent🚀 + +\-Boner Out ✌️ + +Obligatory Not Financial Advice +I keep hearing people say they are only eating ramen now due to lack of fund from buying GME. Stop! Please get help! + +Please pick rice over ramen. In my opinion, it is more healthy and contains 50% less calories but you feel 2x as full!! (Unless you need the calories then ignore me) + +Rice is also cheaper than ramen so….. you can save up more money for more shares….. just saying! + +Buy rice! HODL!!!!! 🚀🚀🚀🚀 +Stay healthy out there! +My wife and I are both executives at technology companies. Earlier in our life, I was the workaholic and she kept things up around the house. As her career has taken off, I’ve notified things are slipping at home. We forget to get groceries and order takeout, we’ve gained weight because of our bad eating habits, laundry doesn’t get done or dishes pile up and it leads to conflict. + +I’m thinking we need some help. Ideally, this would be someone shopping and prepping meals for us, doing some home cleanup, laundry, and likely coming a few times a week. + +We’re in nyc, but I don’t know if this is an individual we find on Craigslist, several different people, a singular service, or something else. + +But I’m looking for recommendations so I can save my marriage! +Original Post For Reference: + +https://www.reddit.com/r/personalfinance/comments/3ecv4y/i_was_a_buddhist_monk_for_the_last_8_years_its/ + +------ + +Well hello r/personalfinance. I recently checked my inbox on reddit and I had a huge amount of pm's, most of which were requests for updates on my situation. Quite a few people asked me to post an update directly on r/personalfinance, so... here we go: + +So, last time I checked in, I was trying to leave the monastic life, but only had $350 and nothing else. I wanted to get out into the real world but I was having a really hard time transitioning. + +I put out the notice that I was looking for a job doing gardening or farming, and received a lot of offers for both. I ended up taking a job with a friend of a friend who owns a HUGE wholesale nursery. Good money, and I would get to stay with the owner until I could get my own place. I thought I found exactly what I needed... then I started working and I forgot how it is in the real world. + +I forgot how obsessed people are with money. I forgot how mean most people get, often for no reason. I forgot how competitive people are with each other, often for no practical purpose. I forgot how money seems to bring bad energy with it. I forgot what it's like to have a boss that micro-manages. Honestly, I could keep going on, but I think you guys get the picture. I quit, packed my stuff, and went off into the mountains for a few weeks. I got my head back together and then decided to return to monastic practice. I went to a Zen monastery and have been there ever since. This is a monastery I have never been to before, and It's some of the more difficult practice I've encountered and I couldn't be happier. + +I'm done with the real world, at least not until I'm ready to return to the world with gift bestowing hands (a term used to say when monks are ready to return to the real world to assume a more pastoral role, like a priest). I see myself taking the experiences I've had with all these different sects and will continue to study and train until I'm able to teach at my own monastery or temple providing both short-term and long-term monastic training. + +I understand that not everyone can be a monk, I do, but I want people to know, that for many people in difficult situations, the spiritual life is a perfectly acceptable option, even in our modern world. + +Guten Tag to this global band of Apes! 👋🦍 + +I would like to congratulate all of the Apes around the world who are having their names marked as the owners of shares in their own names, who will be able to cast a ballot in a few weeks approving GameStop to increase the number of approved shares. While I cannot understand why the SHFs have spent this week driving down the price, the relentless force of DRS is sure to overcome them eventually. Meanwhile, Ryan Cohen is fully on the attack, redirecting attention to just what an awful company BCG is. When I saw his tweet yesterday, I got a sense that he is trying to redirect our attention back to BCG - perhaps with a bit more digging, we'll uncover something even more heinous? + +In any case, I have all of the confidence in the world that Ryan and the GameStop leadership has successfully removed the cancer that is the Boston Consulting Group from a position of influence within the organization, and is steering the ship in a much better direction. Everything I have seen about BCG and how they operate makes me certain that they were only involved in GameStop's operations to be a fatal saboteur - Citadel and other hedge funds were counting on them to ensure that GameStop failed. With BCG out of play, and GameStop on a serious growth trajectory, their short play has turned against them, and the only bankruptcy they'll succeed at is their own. Meanwhile, we simply HODL with Diamantenhände as they do their best to survive another day. + +Today is Friday, April 8th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$152.08 / 139,31 €** *(volume: 2194)* +- 🟩 115 minutes in: $152.09 / 139,32 € *(volume: 2190)* +- 🟥 110 minutes in: $152.04 / 139,28 € *(volume: 2184)* +- 🟩 105 minutes in: $152.06 / 139,30 € *(volume: 2123)* +- 🟥 100 minutes in: $152.04 / 139,28 € *(volume: 2121)* +- 🟥 95 minutes in: $152.13 / 139,36 € *(volume: 2111)* +- 🟩 90 minutes in: $152.13 / 139,37 € *(volume: 1839)* +- 🟥 85 minutes in: $152.07 / 139,31 € *(volume: 1839)* +- 🟩 80 minutes in: $152.12 / 139,36 € *(volume: 1836)* +- 🟩 75 minutes in: $152.08 / 139,31 € *(volume: 1745)* +- 🟩 70 minutes in: $151.96 / 139,21 € *(volume: 1691)* +- 🟥 65 minutes in: $151.75 / 139,02 € *(volume: 1402)* +- 🟩 60 minutes in: $151.87 / 139,12 € *(volume: 1283)* +- 🟩 55 minutes in: $151.85 / 139,11 € *(volume: 1042)* +- 🟩 50 minutes in: $151.79 / 139,06 € *(volume: 893)* +- 🟩 45 minutes in: $151.65 / 138,92 € *(volume: 880)* +- 🟥 40 minutes in: $151.32 / 138,62 € *(volume: 479)* +- 🟩 35 minutes in: $151.38 / 138,68 € *(volume: 230)* +- 🟥 30 minutes in: $151.34 / 138,64 € *(volume: 95)* +- 🟩 25 minutes in: $151.37 / 138,67 € *(volume: 53)* +- 🟩 20 minutes in: $151.28 / 138,58 € *(volume: 52)* +- 🟥 15 minutes in: $151.25 / 138,56 € *(volume: 52)* +- 🟩 10 minutes in: $151.27 / 138,58 € *(volume: 52)* +- 🟥 5 minutes in: $151.18 / 138,49 € *(volume: 52)* +- 🟩 0 minutes in: $151.25 / 138,56 € *(volume: 32)* +- 🟥 US close price: $150.00 / 137,41 € *($150.94 / 138,27 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0916. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +$DARKMOON Just Launched! + +&#x200B; + +The next MoonShot you don't want to miss out on - Constant LP Acquisition, 100% Community Driven, Safe Moonshot! 🚀 🚀 + +&#x200B; + +USE THE V1(OLD) PANCAKESWAP VERSION TO BUY YOUR COIN!! + +&#x200B; + +🚀 $DARKMOON - The New Safemoon of BSC 🚀 + +In a market darkened by scams, rugpulls and uncertainty, $DARKMOON is here for those scammed so many times before. + +$DARKMOON is an entirely 100% community driven token, built for a safe and secure bullride. The multiple anti-whale tokenomics will prevent early investors from becoming large whales and dumping the price later on. + +40% of the total supply has been burned and each transaction has an 8% fee, with 4% being redistributed to all holders and 4% being instantly put back into liquidity. Not only will 8% total fees be plenty to deter swing traders, but $DARKMOON holders will receive huge amounts of tokens just for holding, and the ever increasing liquidity will allow the coin to laugh off huge dumps. + +The 3% Community wallet will be solely used for community nominated marketing strategies and advertising. + +🚀🚀🚀The next MoonShoot has arrived, prepare yourself. 🚀🚀🚀 + +&#x200B; + +\- 100% of Liquidity Burned 🔥 + +\- Renounced Ownership 🔒 + +\- 40% of the total supply has been burned 🔥 + +\- Slippage 9-12% + +&#x200B; + +Website: [https://www.darkmoon.app/](https://www.darkmoon.app/) + +&#x200B; + +Contract: 0xdD2ff3Ce93c7161e5eb5C8f5d3163a8c49b70659 + +&#x200B; + +Bscscan: [https://bscscan.com/token/0xdD2ff3Ce93c7161e5eb5C8f5d3163a8c49b70659](https://bscscan.com/token/0xdD2ff3Ce93c7161e5eb5C8f5d3163a8c49b70659) + +&#x200B; + +Pancakeswap (use V1 to buy): [https://v1exchange.pancakeswap.finance/#/swap?inputCurrency=0xdD2ff3Ce93c7161e5eb5C8f5d3163a8c49b70659](https://v1exchange.pancakeswap.finance/#/swap?inputCurrency=0xdD2ff3Ce93c7161e5eb5C8f5d3163a8c49b70659) + +&#x200B; + +Chart (PooCoin): [https://poocoin.app/tokens/0xdD2ff3Ce93c7161e5eb5C8f5d3163a8c49b70659](https://poocoin.app/tokens/0xdD2ff3Ce93c7161e5eb5C8f5d3163a8c49b70659) + +&#x200B; + +Telegram: [https://t.me/darkmoon\_bsc](https://t.me/darkmoon_bsc) +What would you do? + +We will shortly come into 200k in inheritance. If we put this on our mortgage, and continued paying it off, we could be mortgage free by the end of 2025. We wouldn't yet be 40. + +However, we are debating moving interstate to be closer to our families. It would be great to have more social support as we have no family where we currently are and only a few friends as we haven't lived here long. + +Houses where our families are moving are considerably more expensive than here, so our mortgage would certainly be greater and it would take us longer to be mortgage free, even with the inheritance money. It's likely we also wouldn't be able to live in as nice an area or in as comfortable a home. However the lifestyle is lovely there. + +If we retained house A and used the inheritance as a deposit for house B in the new state it would obviously be a much higher debt burden. + +But even selling house A, we would be unlikely to secure a similar property in the new state without a large mortgage. + +So, which to pick? Try and focus on becoming mortgage free? Or move to be with family to make the most of our time together and accept a larger mortgage? I'm mindful my parents are getting older and tomorrow isn't guaranteed. +The ICICI Bank branch near my home closed about an year back. This is where my and wife's account were / are. They told us to use a different branch little further away and this location has a different IFSC code. +Now at few places like under our mutual fund folio, the account number although is same, the IFSC code is old of the branch that shut down. +I am concerned that if I submit a redemption request, will there be any issues in the money coming into my account? +***PPFAS Long Term Value Fund*** is revered on this sub for it's consistent performance, dedicated management and low volatility. It provides [strong downside protection](https://freefincal.com/parag-parikh-long-term-equity-fund/) during turbulent periods and market corrections. The trade-off is less upside during bull markets. The fund has 20% exposure in international stocks which diversifies its holdings across borders. + +***Kotak Standard Multicap Fund*** follows a similar [investing methodology](https://www.livemint.com/money/personal-finance/it-is-a-great-time-to-build-an-equity-portfolio-from-the-long-term-view-harsha-upadhyaya-11570358830703.html). A strong performer with a long history of outshining its peers. With Beta=1, drawdowns will be deeper than PPFAS but not too severe. The advantage is large upswings during bull markets which creates a buffer during negative periods effectively adding to its downside protection. + +Recently, the fund is planning to invest more heavily into small and midcap stocks after their correction. It currently holds 51 stocks with RIL as the biggest holding. + +**Relevant Information on November 2019** + +|**Details**|**PPFAS**|**Kotak**| +|:-|:-|:-| +|Exit Load|2% for redemption within 365 days 1% for redemption between 366 - 730 days|1% for redemption within 365 days| +|Direct Expense Ratio (TER %)|1.32%|0.87%| +|Regular Expense Ratio (TER %)|2.07%|1.72%| + +There are qualitative differences such as individual investor performance, customer service, fund communication and ease of purchasing/redeeming/switching funds which can come for anecdotal experiences. + + +Transcript i made from an interview that took place 1 month ago ( sorry if there are some mistakes ) + +[u/atobitt](https://www.reddit.com/u/atobitt/) can confirm or correct this. + +When you have 2.9 million shares to borrow, you have to realize that the number you see is "reported" on ibkr or fidelity (I have fidelity) + +A few months ago, we started investigating this and calling fidelity representatives to try to figure out how they calculate it ... we got 3 different answers from 3 different representatives ... + +No one knows who the shares are being located by ... they just say this is confidential, we can't provide it ... but the way the number comes up on the terminal (where you read the available for borrowing) is a calculation of what they believe SHOULD be available, based on volume, the position number that is actually reported as available for borrowing, but when it goes down to zero and the next day you see 2.9 million shares, those shares can be taken out of anything ... + +They can be taken out of ETFs, XRTs, it could be a day when somebody came in and bought a bunch of shares ... like two days ago there was a huge spike right before the close, it could be a short position that is being hedged and now all of a sudden those shares are now available for lending ... but the important thing here, you have 2.9 shares available this morning ... what is the first thing people are going to do when they see this ... they're going to think : "oh fuck something's wrong, something's happening".... the cost of borrowing went down a little bit regardless it was held for about six weeks, it peaked, it stayed a little bit higher, it peaked and then you look after four weeks ... + +All of a sudden things happen like towel, popcorn, babypopcorn..... Gamestop.... relaxing ... the price stays the same, maybe it goes down ( if you look at the six-month chart you have a good support line) and when you have low volume, low demand, it's really easy to hit with a bunch of shares through the shorts and bring the price down, and so . . those 2.9 million shares no one knows what they are for ... if they were borrowed right now and sold instantly in the market ... they could have borrowed 2.9 million shares, to cover last month's FTDs ... + +It's so hard to try to figure out what's going on or what they're going to do with it ... in days with 4 million, 5 million in volume, why would you want to borrow 2.9 million shares if you're going to short them anyway ... + +TL:DRS +Been investing 4 years now. Made couple dumb early mistakes and happily learned from the them (HUGE.CZN and other pot stocks for example). VET was in for a bit and got out just in time after losing 18%..........but still holding AQN from these early mistake days and it has been performing for me at 34%. + +Reading thru the daily comments, this name always pops up. WHY? Seeing a lot of traders with less then 100 share positions etc being swayed into this name, makes me want to to get out of it. Holding in FRESP so don't care about time, just not sure where to take profit on this name, and I don't do or care about DD since I'm almost all ETF's now. +I have seen a lot of questions about inflation and market prices the last couple of weeks. Let me post some info for those thinking about the topic. + +**First, what are standard assets to buy during high-inflation periods?** + +You have a couple of broad categories here. The simplest category is “stores of value,” items that tend to retain value in the long run. These include: +\-Precious metals (gold, platinum, etc.) +\-Commodities (metals are a subset of this, but this also includes oil, corn, etc.) +\-Real estate +\-Blue chip stocks + +The next broad category is the collection of assets that “float” with inflation; these things tend to track whatever inflation is doing. These include: +\-Utility stocks (people still need water, electricity, etc.) +\-Some dividend stocks (overlaps with blue chip stocks) +\-TIPS (Treasury Inflation Protected Securities; gov’t bonds designed for inflation) + +The last category is an asset that does well during inflation: +\-Leveraged companies (companies with a lot of debt borrowed at a fixed rate; the inflation makes the loans easier to pay back) + +Bonus category: +\-Cryptocurrencies (no one knows how these assets “traditionally” do because they haven’t been around long enough to have a “tradition”) + +**Second how are these inflation-related assets doing now?** + +I have bad news for you: Markets are forward-looking. The inflation hedges were being bought months ago. For myself, I did my largest personal inflation hedge last October: I refinanced my home mortgage to 2.85% and took out some equity. Before that I moved assets into a leveraged companies mutual fund, a commodity ETF, etc. Because other investors also did these things months ago, asset prices are high now. + +Some of these asset prices have also been dramatically affected by non-inflation factors. Inflation is one scenario trade everyone has been dealing with, but pandemic (covid) is another scenario trade, US political instability is another scenario trade, the rise of cryptocurrencies is another scenario trade, etc. As a result, there is a lot of noise in the market prices, and it can be hard to untangle the effects of, for instances, the pandemic scenario vs the inflation scenario (though one basically caused the other). + +Something like gold is more complicated than an inflation-only indicator. Track the price of gold and Bitcoin over the past two years. During the worst of the pandemic market downturn, gold held pretty well with bad news; Bitcoin tanked. That tells you something. (Both eventually rose) But there are other interesting factors. Gold is \*not\* rising recently as inflation fears have ramped up. Why? Well, looking at price history, gold was already being bought as a crisis hedge for pandemic. It was also likely being bought as a US political instability hedge. So the noise and signal in the price is hard to tease out for merely the inflation signal. Gold prices, and all asset prices lately, have been carrying multiple signals within their prices. The political stability signal may be noise to the inflation signal; all scenario signals will affect price. Each scenario has its own price pressures. + +Are asset prices high right now? Yes. We could be at the edge of a price cliff. Inflation could be tamed and prices could stabilize or drop. But we could also be at a cliff at the BASE of the cliff. Prices are high now, but if we enter into cycles of hyper-inflation, then today’s prices may seem like a bargain in tomorrow’s inflated dollars. There are people who predict both the end of inflation and much greater inflation to come. You’ll have to decide for yourself which path seems more likely and/or problematic for your personal situation. + +**So if asset prices are already high for inflation hedges, what should you do?** + +First off, in this case and in every case be forward-thinking! If you’re just starting to think about inflation now, you’re chasing the markets. Markets have already been adjusting for inflation for a long time. That doesn’t mean inflation won’t get worse; it very well could. What it does mean is that prices are already up. We have seen big moves in real estate, such as the refinance industry like I did with my personal refi, and as many REITs and other firms have done with massive property buys. But just because we’re at a high doesn’t mean we’re at a top. Prices could be at a top, prices could be at a relative low compared to coming inflation. Don’t just think, “Inflation! Buy real estate!” or “Prices are high! Don’t buy real estate!” Instead, think about where things are going over the next few months. Are markets properly efficient now or do will they be adjusting further in the coming months? Look forward. + +Second, do your homework! If you’re an active investor (which presumably you are if you are in this forum), then it is incumbent upon you to do your research. Do due diligence. Think about possible future paths and have a plan for the major paths. + +Third, if we’re in a period of high inflation, hopefully at some point we will return to a period of low inflation. Make your plan for that scenario NOW. You may not enact the plan now because we may experience more inflation before this cycle ends. But rather than being surprised by the end of inflation, have your trades ready to execute when you think the inflationary period is about to end. +\-Identify triggers (indicators that the inflationary period’s end is coming) +\-Identify major paths (how events are likely to unfold) +\-Identify targets for investment (assets that will do best in a return to low inflation) + +&#x200B; + +This is how I think about things; your mileage may vary. But in all cases do your homework and look a step or two ahead rather than just reacting to the day’s news. If you act after the market is efficient, you lose on the trades. Be ready before the broader market moves. + +&#x200B; + +(edited to delete an duplicate line; artifact of copy/paste error in Reddit) +Step one: Take out a loan of as much money as your credit allows at today's low interest rates. + +Step Two: Take your bundle of cash to Costco and buy their entire inventory of non-perishable food items + +Step Three: Wait for the $USD to be hyper inflated by the Federal Reserve's 2020 shenanigans. + +Step Four: Resell your beans and use the money to repay the loan. Keep the difference. + +Congratulations, you're now financially stable in a crashed economy and have enough food that anyone else would mistake you for a doomsday prepper. I am not a financial advisor. This is not financial advice. +So I got interviewed by an IT consultant company for a graduate position and I will find out by next week if I am going to get an offer or not, however I want to do a sanity check. The reason is as follows.... + +This potential job offer comes with a couple of caveats: + +1). At the start of the graduate programme, there is a 14 week training period where you DON'T get paid for this at all (except for traveling to and from the site capped at £20 per day) + +2). You then have to stay working for the company for 2 years on top of that working at different clients and may potentially be relocated throughout the UK during the 2 year time period. + +3) if one decides to leave the company before thr 2 years is up, they would then need to pay the company a "fine" for the training provided (£15,000) + +4) during the 2 year period, for the 1st year you will be paid £22,000 for the first year and £25,000 for the 2nd year. (which, if relocated at a different city means living on peanuts after rent and bills) + +The reason why I am dithering over this on the one hand you have got to deal with the above. + +But then on the other hand, the company trains you up well and for Software developers you can work at the blue chip and well knownd companies and get the necessary experience needed (and put down on my CV) in order to move up the ladder if you like. (since I am doing a Software development conversion course). + +Also, one of the trainers (it was his first time giving a presentation to us on recruiting) talked a bit too much and mentioned that after the 2nd year is finished, you can start to be able to demand the big wages (potentially £38-£40k+) (can someone clarify on this please) + +I understand that this company basically survives to an extent on recruiting graduates that are in this predicament of 0 experience = no jobs but I am feeling as if I might have to bite the bullet on this one and take a gamble for the next 2y and 3 months. + +Please advice + +Thanks + +Edit: I had a call today from them saying that they would like to make me an offer and that my start date would be September. BUT, I am going to use that as my motivation to GO ELSEWHERE! ( + +Thank you very much for your help. + +Edit 2: those of you who have messaged me privately, thank you soo much and If I haven't gotten back to you I am sorry but I didnt expect a big response like this. The number of people PMing me saying "work for my company instead, you get PAID during training for a first" shows what kind of a reputation FDM is. + +Again thank you so much and I will try to get back to those that have PM'd me but I haven't replied to yet tomorrow. + +Thanks and all the best! +The info is coming from a CNBC article, which can be sensational in their headlines, but there is some real concrete data revealed that make me wonder if this is real, what the reasons are for this, and if this is part of a forming trend? + +"In the past, California, one of the largest housing markets in the nation, has been a predictor for the rest of the country. Home prices have been rising everywhere, amid a critical housing shortage. Prices usually lag sales by several months, and sales are beginning to crumble, even as more inventory comes on the market. The supply of homes for sale increased annually in June for the first time in three years, according to the National Association of Realtors, but sales fell for the third straight month" + + +https://www.cnbc.com/2018/07/24/southern-california-home-sales-crash-a-warning-sign-to-the-nation.html +April 18th. We're withdrawing XMR from exchanges. Any exchange that hasn't disabled withdraws (which many of them have already), we're pulling our funds. + +"What is, this WSB meets Monero?" you might ask. Yes indeed, and here's why: + +Monero's obfuscated ledger has enabled a number of exchanges to misrepresent their reserves, and sell XMR that they don't actually have, knowing that all too many of us will never withdraw, and no one can see onchain the evidence of their misdeeds. + +Well that all changes in 4 days. We're busy pulling liquidity off exchanges, to force the issue. Already a number of exchanges have frozen XMR withdraws. + +Personally I've got a little side pot ready to go on the 18th. When the tide goes out, we'll see which exchanges serve their customers, and which exchanges abuse their customers. + +Hope you join! Check out the xmrtrader and Monero sub's for more info. +Decided check the Daily post on the three days in the past around the last bitcoin bottom and see what people were discussing around that time. Links to daily post and screen shots of some of the top comments below. + +December 13, 2018 + +[https://np.reddit.com/r/CryptoCurrency/comments/a5qn7z/daily\_discussion\_megathread\_december\_13\_2018/](https://www.reddit.com/r/CryptoCurrency/comments/a5qn7z/daily_discussion_megathread_december_13_2018/) + +One day before the bottom + +[Daily - Dec 13, 2018](https://preview.redd.it/gmnuogoea2091.png?width=694&format=png&auto=webp&s=0df4f1db64c599631d81f0d41efb2098845743c2) + +December 14, 2018 + +[https://np.reddit.com/r/CryptoCurrency/comments/a622hm/daily\_discussion\_megathread\_december\_14\_2018/](https://www.reddit.com/r/CryptoCurrency/comments/a622hm/daily_discussion_megathread_december_14_2018/) + +The day Bitcoin hit it's bottom of $3,236.36 + +&#x200B; + +[Daily - Dec 14,2018](https://preview.redd.it/2y5gzfhza2091.png?width=683&format=png&auto=webp&s=043acb24d8895c2eb7271b7f08749d832c5b7797) + +December 15, 2018 + +[https://np.reddit.com/r/CryptoCurrency/comments/a6cue5/daily\_discussion\_megathread\_december\_15\_2018/](https://www.reddit.com/r/CryptoCurrency/comments/a6cue5/daily_discussion_megathread_december_15_2018/) + +The Day after the Bottom, starting the ride to the top + +&#x200B; + +[Daily - Dec 15, 2018](https://preview.redd.it/f7meeksnb2091.png?width=682&format=png&auto=webp&s=5b93be41969b21b9408ec9152e9404f7844607bb) + +Surprisingly the comments don't look that different from what you see today, some saying it's going to fall some more, others saying this time it's different. The one thing that is clear, nobody knew that bitcoin would not reach $3.236.36 again, this was the best time to buy. + +Are we at the bottom now? +Its a hard path. It is going to suck. Here are things you can do now to be better down the line. + +1. screenshot your charts of the stocks you traded: better pattern recognition and you can stay away from the patterns you get burned on while adding in on patterns that give you a higher % chance of success +2. review charts over the weekend: reinforce above. Practice practice practice +3. wait till 10:00 to trade: no fomo, less emotion while trading has saved me more times than it has rewarded me. +4. look left before creating a long/short position. Is the momentum starting or is the momentum over? Look left on the chart. + + +Great thing about this is you can apply this to paper trading. Free repetitions. + +Think of this like you would a professional sport. What happens after the game? Coach goes over what you did right, what you did wrong. You go practice what you did poorly to get better. You keep grinding till you become world class at said sport. You lose, you win, you lose, you lose, you win, you win, you win, you keep winning. + + +Its a grind, dont beat yourself up too bad. And if you find yourself done. That is fine. Not everyone loves to run 100m dash, or do tennis/soccer/etc, trade stocks. + +GLWT +Anyone have a good formula they've live-tested for slippage? I'm thinking something like, + +>slippage \~ volatility + (volume \* price) : position size + +Where the colon is an interaction term, and each variable is an n-day moving average, except the position size. + +But, does anyone have live data they'd be willing to share, or some formula/paper that explains the best way to do this? + +I've seen Quantopian where they just model fixed slippage, which seems very flawed. +Hi all, well i have this strategy on ETH USD 30 min chart. +https://i.imgur.com/uZW8nLU.jpg - chart with 100% use of equity + +https://i.imgur.com/UjMSIpU.jpg - same chart just fixed amount for every trade + +i have automated signals through alerts webhook. it trades automatically very nicely without glitches. + +But i started 20 days i ago and since then i experience only loss. like 15% less from my total balance in exchange. + +Why this happens? does strategy only optimized for the past? and for future it can preform extremely bad? +if i change time frame to 40 mins or to 15 mins all these results changes dramatically to negative values. it's like i applied my strategy to "future" chart if you understand what i mean + + +But at the end of the day i thinking if this strategy was performing so good in past year, why it cannot to coming year? it should. so i keeping my bot active and watching loss almost every morning with extreme anger +Welcome to the Daily Altcoin 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 intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + 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! + + + +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + +**NAVIGATION:** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) + +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\--------------------------------------------------------------------------------------------------------------------------------- + +Sorry for the delay with this one Apes. IRL gets in the way sometimes. + +This one has been a bit of a journey too. I don't have all the answers here, so again... I leave it to you to make your own interpretations... THIS IS MERELY A DISCOVERY JOURNEY OF PUBLICALLY AVAILABLE INFORMATION. + +SMILE FOR THE CAMERA KENNY + +&#x200B; + +https://preview.redd.it/9x7qiqgip6871.png?width=480&format=png&auto=webp&s=adab353e26fea00253b5b2156a4237f6f30b581c + +So today's episode of BBC is going to start out at the public-facing image they want you to look at. For Kenny and his Wife at the time, that comes in form of the Kenneth and Anne Griffin Foundation. + +***(They like this format: Bill and Linda Gates Foundation)*** + +The headline for the Kenneth and Anne Griffin Foundation is: + +**The Kenneth and Anne Griffin Foundation believes that powerful ideas change the world. We identify and support pioneering leaders whose visionary ideas introduce new thinking and drive results. We focus on education, healthcare and the arts because these pursuits form the core of a vibrant, creative, and productive society.** + +And the Fact they have **PLEDGED** $100 million to charitable and philanthropic causes since 2009 + +This is their tagline in the media. Source: [https://philanthropynewsdigest.org/news/kenneth-and-anne-griffin-foundation-likely-to-close-due-to-divorce](https://philanthropynewsdigest.org/news/kenneth-and-anne-griffin-foundation-likely-to-close-due-to-divorce) + +**SO I DECIDED TO FACT CHECK THIS** + +\----------------------------------------------------------------------------------------------------------------------------------- + +FIRST OFF - Let's address the fact that these numbers are all pledged! + +When you hear about X Billionaire donating to X cause, from what I can tell... this is usually in the form of a pledge, not a donation. So they get the headlines for setting up a Direct Debit to these causes so to speak... **10 million, might be 1 million a year for 10 years.** + +SECOND OFF - Take note of the year... $100 million since 2009 + +I decided to WAYBACK MACHINE this shit, and found the website: + + + +https://preview.redd.it/uz9vhqhks6871.png?width=1171&format=png&auto=webp&s=b9a3b362c07b3ac6f89e1e46a1f9436af2516835 + +Ok... so they do claim $100 million in pledges on their website, but... they claim since 1999. + +(10 years earlier than what the media reports) + +SO.... + +The foundation officially announced it would shut down in 2014. + +So if you were to go with what the website claims, the foundation ran from 1999 - 2014. + +(Let's do some math) + +**That's 15 years!** + +OR... if you were to go by what the media claims or [Wikipedia](https://en.wikipedia.org/wiki/Anne_Dias-Griffin) states, the foundation ran from 2009 - 2014.... + +(Math pause...) + +**That's 5 years!** + +BUT... when we look at the IRS Form 990s... ([Which you can freely search here](https://apps.irs.gov/app/eos/)) it will only show the company final letters (Which you would think are a confirmation of them disbanding, but is actually their confirmation of tax-exempt status) + +\-- There were actually 2 of these listings for Kenneth and Anne Griffin Foundation with the same Final letters. + +\-- BUT... I found out this was the normal process for the IRS. They no longer make public the records for charitable organizations that have shut down... + +CONVENIENT... + +Luckily... after a bit of Google Detectiving, I found a website that archives at least SOME of these old tax-exempt organizations. + +\----------------------------------------------------------------------------------------------------------------------------------- + +But before we jump into the nitty-gritty... let's take a quick pause to appreciate some puppy pics... + +Aww.... who's a good little boy??? Yes! You're a good little boy!! + +&#x200B; + +https://preview.redd.it/q5hwdnnvu6871.png?width=710&format=png&auto=webp&s=e54ff3804daada52a5099ab89a8a7c1f82305ef2 + +\----------------------------------------------------------------------------------------------------------------------------------- + +THE KENNETH AND ANNE GRIFFIN FOUNDATION - FORM 990S. + + + +**2014:** [https://projects.propublica.org/nonprofits/display\_990/364747915/2014\_12\_PF%2F36-4747915\_990PF\_201410](https://projects.propublica.org/nonprofits/display_990/364747915/2014_12_PF%2F36-4747915_990PF_201410) + +Listed as $1.7 million donated + +Listed as $0 approved for future payment + +&#x200B; + +Sideways Reading - (These pages are always sideways on the IRS website for some reason...) + +* $1.6 million paid to +* Breast Cancer Research Foundation: $10k +* Chicago Council on Global Affairs: $25k +* Children’s Hospital of Chicago Foundation: $550k +* Robin Hood Foundation: $1 million +* Rush Mother’s Milk Club: $5k +* Usher III Initiative: $50k + + + +In this Filing… as of Oct 1, 2014 both **Ken and Anne signed a statement saying** that they have $650k of funds remaining in the foundation and a remaining commitment of $2 million to Lurie Children’s Hospital of Chicago + +Remaining funds and outside funds will pay this off. + +Foundation will be liquidated and dissolved + +&#x200B; + +https://preview.redd.it/15sdphznv6871.png?width=780&format=png&auto=webp&s=c31912d4644ea783d5be211774e70b43e7795165 + + (Also in here… is that final letter confirming Dissolution that should prob be on the IRS website? But maybe I’m wrong.) + + + +**2013:** + +$6.9 million in contributions (All Kens Contributions) + +Contributions out $5.1 million + +Excess of Revenue $1.7 million which carried forward + +Donated to: + +* Children’s Hospital of Chicago: $4 million +* Rush Mothers Milk Club: $55k +* Weill Cornell Medical College: $833k + +Source: [https://projects.propublica.org/nonprofits/display\_990/364747915/2014\_11\_PF%2F36-4747915\_990PF\_201312](https://projects.propublica.org/nonprofits/display_990/364747915/2014_11_PF%2F36-4747915_990PF_201312) + +&#x200B; + + + +**2012:** + +Only $1 of revenue went through the foundation + +Source: [HERE](https://projects.propublica.org/nonprofits/display_990/364747915/2013_09_PF%2F36-4747915_990PF_201212?__cf_chl_jschl_tk__=ab1a4f067f303d721fa42a6c09788125885a4ad9-1623958393-0-AR9LYX-L1mLf5n6wNVbmlG9qmV-tXRSFcShvdh3A3A-79xZVxUEavG5cvVLIaw4zDvfY3oinafTKYsVHvPsJqkF8ViQcWoGZOwm2W0IhJs3orbxvBWVsuKFsBX5j2WFSMFb2SfWki1Jq_yC8-KYyDjFYtU57H_h6A3E6AhdlNtTy5Bs0k4jSUO3VQVoDJUvv4sHzaJxJA3cJvVgsaZMYQIKIBKoykXzszvA31BQ82YosQvGvmQEav3D_YSDbiR3SbcAZg_NdCEUpAwDVzQGskuPwu-9OQgB2GuWyLXwUYsXm9ec9g0sK5f6u16nZ5cXkcyAVxlgfCuE0AdaxVpA1t2bVWcFCwZ032pGnn4VfZ5cipZSlDuDjbMgSjimkT2JyxnQA_fcNLqBFc2Ju0xnY35YF8P9ton1pcg4VCkD0xNX4titrKwbuUYFCxcSJ_vBP81SZi_eVkdQVgtSCmBTB2ikQqoxsaAwxNSSOSwXSJiHYg6cNoD5r3oiY-itD64MghWRI14x0GiSSXF6MIOzqkoqPxA9oZ2_mh28v_hs5I-GI) + +&#x200B; + +\----------------------------------------------------------------------------------------------------------------------------------- + +Wait what??? + +&#x200B; + +https://i.redd.it/9u1nzrib67871.gif + +Didn't our earlier math tell us that they had somewhere 15 and 5 years depending on what source you referenced? + +**SO WHY THE FUCK IS THERE ONLY 2 YEARS OF FORM 990s? - 1 OF WHICH IS THE COMPANY WINDING DOWN?** + +And let's do a **LITTLE BIT MORE MATH.**.. + + + +According to the foundation's Form 990 the total ACTUALLY paid out was: + +**2014: $1,642,788** + +**2013: $4,888,334** + +So that’s a total of… (Hang on let me fetch my calculator)... + +**$6,531,122** + +And let’s not forget… the outstanding balance of $2 million to the Chicago Children’s hospital + +So… + +**$8,531,122** + +BUT… the donation to the Children’s hospital ALONE was supposed to be $16 million announced in 2010 --- BY THE FOUNDATION… which hadn’t even been setup yet. + +So let me see… + +**$100 million - $8,531,122 = $91,468,878** + +Hey Kenny? I think we may have a problem here… + +And further down the rabbit hole we go... + +\----------------------------------------------------------------------------------------------------------------------------------- + +BUT... before we do... let's take a moment. A puppy Moment! + +SMILE FOR THE CAMERA! No look over here... over here good boy... fuck it, just take it! + +&#x200B; + +https://preview.redd.it/j8t64cuv77871.png?width=640&format=png&auto=webp&s=fd0953546dd8e82c5d2fd1adf171ef50e5e55c9d + +\----------------------------------------------------------------------------------------------------------------------------------- + +So after a little digging on this curiosity string, I remembered an Article stating that the foundations commitments would be taken on by the **Citadel Foundation.** + +Source: [https://www.chicagotribune.com/business/ct-griffin-foundation-0906-biz-20140906-story.html](https://www.chicagotribune.com/business/ct-griffin-foundation-0906-biz-20140906-story.html) + +So let's take a look at that... + +(Yup, Citadel have their own Foundation) + +But there ain't a whole load going on here... + + \----------------------------------------------------------------------------------------------------------------------------------- + +**The first Form 990 for the Citadel Foundation appears in 2016 (Bit of a gap in the records there)** + +This shows a mere 90k of donations in… + +And a Total of $461,484 in donations out to: + +* Latin School Chicago +* Council For Economic Education +* Muscular Dystrophy Association +* Marine Corps Scholarship Foundation +* Hartford Hospital +* Leadership Greater Chicago +* University of Chicago Lab Schools +* Francis W Parker School +* Merit School of Music +* Jewish United Fund +* Hedge Funds Care +* Jewish Enrichment Center +* WITS +* All Stars Helping Kids +* Thresholds Phychiatric Rehabilition Center +* St Jude Childrens Research Hospital +* Autisism Science Foundation + +No mention of the Chicago Childrens Hospital + +\------------------------------------------------------------------------------------------------------------------------------------ + +**THE KENNETH C. GRIFFIN CHARITABLE FUND** + +The story continues... + +&#x200B; + +https://i.redd.it/j5l3aw2kj7871.gif + +I found MANY references to Kenny boy making donations to various causes, under ever increasing amounts, referencing The Kenneth C. Griffing Charitable Fund. + +(Here's a couple) + +On Citadels OWN WEBSITE: + +&#x200B; + +https://preview.redd.it/qyqf44quj7871.png?width=647&format=png&auto=webp&s=2461963eab71b087600ac06f512b9870995bfc47 + +Source: [https://www.facebook.com/citadelcareers/photos/were-proud-to-share-that-the-kenneth-c-griffin-charitable-fund-intends-to-make-a/1333523493442956/](https://www.facebook.com/citadelcareers/photos/were-proud-to-share-that-the-kenneth-c-griffin-charitable-fund-intends-to-make-a/1333523493442956/) + +&#x200B; + +On Citadels Twitter account: + +&#x200B; + +https://preview.redd.it/7g7lp3xzj7871.png?width=784&format=png&auto=webp&s=a39eac3625f9abf72fe57e0b54164cac78cdd1db + +But GUESS WHAT... + +Search for Kenneth C. Griffin Charitable Fund on the IRS website. [<<HERE>>](https://apps.irs.gov/app/eos/) + +**GO ON... I DARE YOU!!!** + +**I DOUBLE DARE YOU!!!** + +You WILL NOT FIND IT! + +I tried every variation of the name of this fund but I can't find anything! + +This sent me on a LONG SEARCH APES... + +This search almost had me at breaking point. + +I had almost given up... and was about to post this post as is... + +When it hit me! + +Can you guess what it was>?>? + +I have mentioned it in this DD... and trust me when I say this... it was hidden as 1 sentence in the mass of notes I've taken while researching this. + +I almost missed it. + +WHILE I WAIT TO SEE IF YOU APES CAN FIGURE OUT THE KEY PIECE OF INFORMATION... + +\---------------------------------------------------------------------------------------------------------------------------------- + +PUPPY BREAK! + +Who's got my finger... is it a WOLF... no! It's only this cute little monster! + +https://preview.redd.it/fjpfchu3l7871.png?width=1000&format=png&auto=webp&s=980747701d772251c34b6100f7863f7451b2a95e + +\------------------------------------------------------------------------------------------------------------------------------- + +Ok did you get it? + +\-- There were actually 2 of these listings for Kenneth and Anne Griffin Foundation with the same Final letters. + +There were 2 SEPERATE ENTITIES - listed under the name Kenneth and Anne Griffin Foundation in the Form 990s... + +How is it possible to have 2 separate companies, using the same name... collecting tax-exempt status? + +WELL... APES... LET ME TELL YOU... + +I decided to do a fancy google search for the EIN number (Unique identifier) for each of these companies... and I stumbled across another archive database. + +This archive has a lot less information it would seem... + +But it does have this... + +[2011 - Form 990 - COMPANY: The Blue Knight Foundation](https://www.causeiq.com/organizations/view_990/271106860/18144bf08cbbe623768d225aa4442644) + +[2012 - Form 990 - COMPANY: The Blue Knight Foundation](https://www.causeiq.com/organizations/view_990/271106860/db80347caef04de02c9c02c9d4512718) + +And if you check these out... you'll notice in the company name field, you'll see: + +**THE BLUE KNIGHT FOUNDATION AKA THE KENNETH AND ANNE GRIFFIN FOUNDATION** + +So Kenny tends to name his charities one thing and tell the media that's it's through an Alias name? + +Why the fuck would you want to do that? + +So if he's willing to do that once... could he be doing it again with the Kenneth C. Griffin Charitable Fund? + +Is there a fund out there that Kenny is managing, that like we previously showed... has the potential to be a whale in the stock market? + +Why did the Kenneth and Anne Griffin Foundation, claim to PLEDGE $100 million since 1999, tell the media it was actually founded in 2009... and yet actually only have records under that name from 2013 and 2014...??? + +Why does this article talk about: + +***In October 2006, the Griffins together with the Bill and Melinda Gates Foundation founded a new charter school in Chicago named the Woodlawn High School. Griffin’s charitable foundation*** + +???????????????????????????? + +So many more questions Apes... so little time... + +Stay tuned for the NEXT EPISODE of the BBC! + +\------------------------------------------------------------------------------------------------------------------------------- + +***PS... I've noticed that I have started to be referred as the BBC guy... is there any way I can get the community to reconsider this... (Pfftt ha haa ha)*** + +\------------------------------------------------------------------------------------------------------------------------------ + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) +Two months ago, it was the world’s hottest airline stock. Now, investors are shunning it. +Air Canada lost US$3.9 billion in market capitalization from its January peak, making it the worst-performing airline on the Bloomberg World Airlines Index this year. Its shares have slumped 28 per cent on deepening fears that the spread of the coronavirus will hinder travel. + +On Tuesday, the carrier extended the cancellation of all flights between Canada and China to April 10 over concerns about the virus known as Coved-19. It also stopped daily non-stop flights between Toronto and Hong Kong until April 30 due to reduced market demand. + +New clusters of cases have emerged in Italy, Iran and South Korea. The Centers for Disease Control and Prevention said Americans should prepare for significant disruptions to daily life if the coronavirus begins to spread locally in the U.S. Donald Trump’s administration was also considering whether to adopt more restrictions on air travel because of the outbreak, White House economic adviser Larry Kudlow said. + +United Airlines Holdings Inc. -- the biggest U.S. airline to China before American carriers temporarily suspended flights -- withdrew its 2020 profit forecast late Monday, citing uncertainty from the virus. + +Last year, Air Canada won the global equity crown among airlines after rising 87 per cent with plans accelerate its global presence in leisure travel with the acquisition of tour operator Transat AT. + +Revenue from outside Canada grew to 64 per cent of total sales last year from 59 per cent in 2014, according to data compiled by Bloomberg. About one-fifth of the airline’s capacity is on Pacific routes. + +In its fourth quarter results last week, Air Canada reported earnings per share that missed the lowest analyst estimate. The airline’s outlook for the year saw first quarter Ebitda come in about US$200 million lower from the prior year, assuming its mainland China and Hong Kong services will fully recover by the third quarter and that the Boeing 737 Max aircraft will gradually return to services in that period. + +Air Canada still has a positive longer-term outlook despite facing near-term pressure from coronavirus risk, Canadian Imperial Bank of Commerce analyst Kevin Chiang wrote in a report published Tuesday. He sees the recent sell-off as “further buying opportunity” for investors. + +The stock has 14 buy recommendations, two hold ratings and none of the analysts covering the company believes investors should sell the shares, according to data compiled by Bloomberg. + +https://www.bnnbloomberg.ca/world-s-best-airline-stock-now-worst-as-virus-stymies-travel-1.1396091 +VFV(Vanguard), XUS(Blackrock), ZSP(BMO), and many other ETF’s all offer the same S&P 500 stock but at different prices and dividends. Is there a reason to buy one over another? If so, which one do you think is the best? +This sub is not a great place to get accurate information as to the state of the crypto market. We are mostly hopium injecting moon farmers here. + +Truthfully the world is not in a good economic place right now, inflation is squeezing people's budgets, war and covid are creating supply shortages, rates are set to rise. It's a perfect storm. + +The reality is people are having to adjust the budget and don't have much to spare. Discretionary expenses are the first to go and unfortunately poor old crypto, being a speculative high risk asset class is one of the first to have money taken out of it. + +If you want the truth it will get much worse here short term before it gets better. I am bullish on the long term trajectory, but short term expect the suicide hotline to be pinned to the top of this sub soon. +I am 27. She is 50. My parents divorced when I was 15 and she's never been good with money. We were flat broke after the divorce for years b/c dad didn't pay child support. He currently still dodges paying. We've joked about how I'm her retirement plan. + +Except it's not a joke. I make very good money now, probably enough to actually support her by the time she retires. + +What account(s) should I start putting money away into to try and prepare? Is there a such thing as a trust fund for a 50 year old? I can't do an IRA because that's when I turn 59.5. Please advise. +💎 Mello Token was just listed on CoinMarketCap! 💎 + +👉 https://coinmarketcap.com/currencies/mello-token/ + +After 3 weeks of putting their hearts and souls into the project, the Mello Team just announced that they have been listed on CoinMarketCap. I’ve been saying since the beginning that this project is the real deal… hopefully this can help put at least a few of the naysayers to rest! + +The Mello Token has been releasing lots of news lately… they recently announced a partnership with Gammastack, an IT solutions provider who will help the Mello Team with integration of games into their first-iteration casino site… + +Not only is Mello a REAL project launched on BSC within the last month, but it is also already listed on WhiteBit… I hope everyone got in on this one when they had the chance… because it’s only up from here. The infancy stage is over! + +Keep it Mello!!! + +🚀🚀 \[3% redistribution\] \[virtual reality casino\] 🚀🚀 + +Achievements: + +📌 Whitebit AMA + $500 giveaway tomorrow 10AM EST! + +📌 Devs doxxed in Discord!! + +Minimap: + +📌 2021: Blockchain Casino 🚀 Launch! + +📌 2022: VR Crypto Casino 🚀 Launch! + +Website: + +🌏 http://mellotoken.com/ + +Contract: + +🔃 0x651bfbb26455294408aabc61a7adf427bf149898 + +Chart: + +📈 https://poocoin.app/tokens/0x651bfbb26455294408aabc61a7adf427bf149898 + +Come CELEBRATE: + +💬 https://t.me/mellotoken + +💬 https://discord.gg/mellotoken + +And always... keep it MELLO! +[https://www.foxbusiness.com/technology/facebook-faces-tax-court-trial-over-ireland-offshore-deal](https://www.foxbusiness.com/technology/facebook-faces-tax-court-trial-over-ireland-offshore-deal) +Salvadorians arent being forced to accept anything, definitely not forced to accept BTC as the top post guy claims. His whole post is nothing but a lie. Salvadorians now have the option to accept bitcoin as legal tender, not pay capital gain taxes on it, use LN as a payment rails in a country that is without any instant settlement online banking layer. + +Forget El Salvador, people across the world are being forced to accept fiat that is rampantly being devalued by central banks. Consider a person who has meagre savings in fiat (even in USD if you consider a Salvadorian), the purchasing power of their savings is losing value all the time. While the US can afford to give its citizens bailouts and relief packages, the governments of other countries that rely on USD cannot do the same. For instance, the El Salvador central bank cannot print a trillion dollars and give all its citizens any package. They are forced to silently suffer while their savings are being devalued. + +That whole post smacks of political agenda. When anyone big or small tries to change the status quo from fiat currency that can be manipulated anytime by central bank to a non-sovereign asset backed by power of computing, there is going to be a lot of political backlash, mind games and narratives. Someone who is fiat rich (the ones at the top of the tree right now) is just not going to accept the new paradigm without putting up a fight. + +EDIT: + +Sources - Just read the bitcoin law text, instead of reading its interpretation from websites or elsewhere. I am linking it for you: + +https://freopp.org/el-salvadors-bitcoin-law-full-proposed-english-text-9a2153ad1d19 + +> Art. 5. Exchanges in bitcoin will not be subject to capital gains tax, just like any legal tender. + +> Art. 3. Prices may be expressed in bitcoin. + +> Art. 4. Tax contributions can be paid in bitcoin. + +All the above provisions shed regulatory light to people who have BTC and want to spend them. They need not worry about capital gains. This is one of the biggest roadblocks in using BTC or any crypto as currency - even if you want to buy $10 worth meal with crypto, you have to calculate and pay capital gains on that. This makes it silly to use crypto for transactions, and as a result most people dont use crypto for transactions even if they are holding crypto. +The El Salvador law directly seeks to remove these obstacles in real crypto adoption. They can even pay state taxes with Bitcoin now. +This is the one rule change or law change if every country adopted, will result in exponential adoption of crypto for daily transactions. Currently most countries of the world treat crypto as some form of asset or commodity, and make it impossible to do daily transactions at scale with crypto, because an average user isnt interested in calculating their capital gains on a daily basis + +#About accepting Bitcoin not being FORCED on anyone: + +> Art. 8. Without prejudice to the actions of the private sector, the State shall provide alternatives that allow the user to carry out transactions in bitcoin and have automatic and instant convertibility from bitcoin to USD if they wish. Furthermore, the State will promote the necessary training and mechanisms so that the population can access bitcoin transactions. + +This means if someone doesn't want to accept BTC but the customer wants to spend their BTC, the state shall provide alternative to automatically convert it to USD. + +> Art. 12. Those who, by evident and notorious fact, do not have access to the technologies that allow them to carry out transactions in bitcoin are excluded from the obligation expressed in Art. 7 of this law. The State will promote the necessary training and mechanisms so that the population can access bitcoin transactions. + +> Art. 7. Every economic agent must accept bitcoin as payment when offered to him by whoever acquires a good or service. + +Article 12 clearly makes it very clear that those who dont have the technology to use BTC are excluded from BTC. However the state will push for education and making the technology accessible for users over time. +If not, would you guys think a bot that did this would be helpful? I'm a new member to this community and it seems every day there's tons of DD posts about stock XYZ and you do your own DD and find there's nothing really new and the only catalyst is the person spamming about it to hope they cause a pump so they can sell. I think having a response to the post with this info would help new people from getting burned. +After making an unprofitable bot, have you ever found success reversing the location of your Buy and sell placements? + +..I’m working on a 1:1 R/R strategy at the moment. +**Preface:** I've made this post in /r/CryptoCurrency and will sprinkle it around as many places as I can to be as visible as possible. With more people entering the crypto space every day I have a responsibility to not be too quiet about it. My whole journey started on reddit, so please do me a favour and read it if for nothing else than to just educate yourself. + +Please be polite because this is brand new, and I'm still dealing with it. + +\------ + +So, fanciful title aside, I don't really have much of an agenda going into this other than writing down the experience I've had over the last few weeks in one take and hoping it has the impact that I'm aiming it to. For me, this is some level of catharsis because I'm still dealing with my distorted sense of self - and journaling it, even in these first few sentences, is the calm my mind has needed for a while, if for nothing else just to heal. + +^(TL;DR - Bought crypto, made gains, moved to Binance, found futures - fucked mine.) + +**A note**: +Crypto is not foreign to me. While I may have been a new entrant in the 2021 market, I'm a software engineer by trade and have been aware of it since the very early days of Bitcoin. My first buy-in was back in 2017, and we all know how that went, so I've been nothing but cautious ever since. I knew the risks, I never put in more than I could afford, and I knew that if I just kept holding, it would usually (not always) come back around. None of these points were lost on me. + +**If you have had any previous trouble with addictions, even something as small as food, cigarettes, or alcohol, please read my story and take this as an extremely important lesson. I'll survive this, but I'm absolutely certain there's plenty more who can't, or won't, especially coming into a bullish alt season. If this post has any goal, it's to minimise the possibility of that happening, and keep any losses contained to a balance sheet.** + +*If you are an influencer or celebrity of any type, please make it very clear that when you're promoting cryptocurrency as an investment, there is quite a real possibility that people can slide into trading and by extension gambling. Some will lose their money, some will lose their sense of self, others will lose their lives. You have a responsibility to inform people of these risks when promoting them.* + +*I know that Elon frequents reddit, so please, just, take heed of this and don't let anyone find themselves where I did. Be more candid, it could make all of the difference.* + +# Me, a brief history + +As stated, I'm a software engineer in his 30's that's worked hard to make sure I pulled myself out of a crappy childhood into the kind of life that I wished I was a part of when I was younger. I've got a house, a couple of kids, a wife, a dog - just all the trimmings that give you that general sense of completeness. + +That doesn't mean I'm not without my flaws. For as long as I can remember I've battled an addictive personality on account of ADHD and other issues caused by a wide array of formative experiences. Alcohol, cigarettes, (soft) drugs, gambling, food, romantic escapades, and other thrill seeking behaviour was an every day occurrence for me when younger, ultimately causing me more harm than good. + +Since those days I've worked very hard to shut off that part of my life - seeking treatment and overcoming it. This is important to note, because I'm completely aware of the dangers associated with any of these behaviours, and I steer clear of any situation that may present itself that will push me back in front of that metaphoric freight train. + +# Enter, 2021 + +I've had a decent 2020. Things went pretty bad during the first half, but I was able to really grind through the second half of the year and make sure that things were back on track and everyone in my life was looked after. I entered 2021 with a renewed sense of optimism and a great situation behind me, I'd really set the bar pretty high for what was to come, and there was no way I was going to let anything stand in my way. + +In the midst of all of this, I'm a redditor. Have been for near-on a decade now (I change accounts frequently), and I like to spend a little (lot) of each day scrolling through and catching up on what's happening in the world, what's funny, and just engage in a bit of conversation or crack a few jokes. + +So a few weeks ago we're all aware that WSB hit all time popularity due to the GME saga. It was thrilling, it was sticking it to wall street, it was everything that you love to see on the internet and a movement you could absolutely be a part of. Because of that, I bought my tickets - a couple of shares in GME. The excitement was off the charts, and I ultimately lost about a thousand bucks, but it was absolutely worth the price of admission. I feel like I'd made an actual impact and done something useful. + +Off the back of that movement (I'm sure you already know where I'm going with this), Dogecoin was propelled back into the spotlight and I thought yeah, you know what, Elon is talking about it, everyone's hyped about it, I'll YOLO a bit of money at it and see how it goes. At worst I have a bag of Doge, right? I can still use it, it's another little bit of fun to be had, and it'll scratch that crypto itch that I've been ignoring since the ring sting of 2017. Only this time I wont be making the same mistakes, or so I thought. + +# Gains gains gains! + +So, Doge went nuts. I made about 3-4x what I initially threw in and once it started to stagnate I liquidated my position (only about 1.5x by that point) back into cash and thought okay, I've got some money in my wallet and a crypto journey I want to start. Let's get into it. So I did my research, found a few coins that I thought were really promising, and started buying them up. + +Problem is, a lot of the coins I wanted to purchase weren't available on the exchange that I was using. So with a bit of googling I found that Binance was likely the best place for me to be able to buy the coins that I'd decided I was going to put my money into. I signed up, transferred my funds, and started figuring out the interface. Being in the industry I love to poke around and see what it's made of, which is when I made the one discovery I'll live to regret: *futures trading*. + +You see, for the uninitiated: futures trading is gambling. There's no real other way to cut it, but it's gambling. You're risking what you have by borrowing what you don't in the pursuit of earning a multiplier rather than just purchasing an asset, so the risk is off the charts. Being that I'd had no stock market experience and had no idea what it was, I thought it really was just a neat trading tool. I had a play around with it and instantly I was hooked. I had no idea how anybody could lose using this. It made me feel like the most badass trader around - sitting in front of my high-tech console with all my graphs, making longs and shorts, green indicators everywhere, it was an absolute wonder. + +# Knowing the market, trusting what you see + +This was mistake #2. This sub, a few other subs, and social media are absolutely flooded with gains porn, advice on the market, information on what to invest in, and when to invest it. A lot of it is super helpful advice and if you're well versed in the internet it's easy enough to filter out the shills and make your own decision after researching what you've read. + +Problem is that I had no idea the market conditions and how that can really influence your investment, especially if futures trading. I knew that there could be a bullish or bearish market, what each of those things meant, and I knew that it would go up and down, so look out for certain things on graphs and other indicators. + +One thing I didn't know much about is liquidation prices, margins, and how much things could go south by something as small as BTC rallying (turns out alts get hit pretty hard), new money flooding the market, whales putting up price walls and manipulating buys/sells, and just how fast all of those things could destroy my position. + +# The loss of it all + +When you get addicted to something, all of the dopamine in your brain is telling you to do it again, do it more, take more risk, and everything else that you know not to be true - it's just true in that moment. Because the market was doing so well I was duped into thinking that *I* was doing well, that *I* was some masterful trader and had it all figured out, and I started to increase those positions and decrease margins, because the gains were even bigger that way. By this point, I had enough balance to cover what I put into coins originally + what I wasted on the WSB fiasco. That was absolutely perfect and I was going to take it out and put it back in the family bank, but I wanted to make another trade, just *one* more. This coin I'm confident about is breaking out and I want to at least walk away with some profit after all was said and done. + +Well, that was the moment I learned that things can take a turn very quickly, and a liquidation event won't just ***reduce*** your position, it will completely wipe anything you have left + the margins. I locked my phone, attended to something around the house, opened my phone to look again, and there it was: + +Nothing. + +No trade, no balance, just nothing. The price had dipped below the liquidation point and unbeknownst to me it was all over just like that. Now, just like I said before, I never risked or put in what I couldn't afford to lose, and it was a completely avoidable mistake had I known more about it, but that's where things really started to fuck me up. + +# How could I have been so stupid? + +This is where it starts to take a turn, because it really starts to play on your sense of self when you make a mistake that big due to not knowing. Losing it all on a big gamble, taking a known risk, any of those things - you can handle the loss. You were prepared for it, you set yourself up for it, you made that conscious choice to put yourself out there in that way and you didn't win. It sucks, but that's okay, you can handle it. + +This move wasn't that. This move was a complete and utter fuck up due to my lack of knowledge and understanding. Accidentally finding myself gambling and being unaware of it was bad enough, but losing it all like that so suddenly when I planned to dip out of the position if it went too poorly really shook me to the core. I had *plans* for that money, I was going to *do* things with that money. These are just some of thoughts that start swirling through your mind in the moment and you feel like you've deprived yourself and the people around you of that opportunity by being an idiot. But it's okay, you're not an idiot, you just made a mistake. + +# Let's add more money, make it all back + +This is the point that I was in too deep but had no idea. By this point, about a week in, trading had completely consumed me and my days/nights/interactions with family, my relationship with friends was thinned, I was irritable, I was distracted, I was always watching the market. I wasn't sleeping, I wasn't eating well, all I could watch and feel were my trades. I had to baby them, otherwise they wouldn't work. I was obsessive over all my moves, all of my positions, all of my research - the works. + +Only to me it had happened so gradually that I didn't even recognise that I was all the way down that hole. I didn't realise how consumed I'd become or how bad things had gotten because I'd just slowly and willingly walked into it all thinking it was completely innocent when it was anything but, so when I got to the point of losing that chunk of money, I thought I'd just made a minor mistake and because my trades were already so good, and I could make that back in a second. + +So, stupidly and regretfully, I pulled a large sum of money out of my credit card and slapped it into my wallet. I was going to make back what I lost, make up for my stupid mistake, take it all out, and call it a day. I'd flown too close to the flames and I just wanted to make my exit quietly and gracefully, pretend it never happened and move on. + +But it didn't happen like that. + +# The final moments + +In order to make back what I'd lost, I retook the same position that I'd lost on in the first place. I thought it was a winning position, and honestly in the long run it really is. If I had more money, more time, and more knowledge, it would have - but I didn't have any of those things. I put the money right back in to where I made the mistake, vowing not to make it again now that I was armed with the knowledge of what to do, and started again. + +So earlier in the story I talked about BTC rallying and alts dropping rapidly, then whales smelling blood in the water and forcing others to panic sell / trigger stop losses / trigger liquidations, then gobbling up all that remains on the cheap. This is the point in my story where I learned all of those things happen. In order to prevent bleeding out and dying entirely I had to keep reducing my position when possible, and topping up my margin. It went lower, so I had to weather it. I was too deep to sell my position and take the loss, I just had to make sure I didn't bleed out - it was going to swing back up, right? It always has. + +That's where I was wrong. It didn't. Every time it went lower I had to sell off a portion and bolster my margins. I lost more, and more, and more, until eventually I had 1/4 of what I had left. At this point I was in too deep, so I vowed again to learn my mistakes, and use this money to slowly and incrementally make back what I'd lost that time. + +But the market got worse, and I was caught completely unaware in a storm that I couldn't even comprehend. I was a man in a tin boat in the middle of a tsunami. It was all lost. That was it, it was over. + +Once all was said and done, I'd lost around $20,000 USD. + +# The mind is more important than the pocket + +This is I guess where I get to the core message, and the lesson that I want people to learn from where I'm sitting. + +First of all, losing money is bad no matter how you cut it. Some people will go into this investing way more than they can afford to lose, and some people will keep it small. Some people, like me, will small but end up losing way more than they need to. It will take a while for me to recover, but it won't ruin my life. Either way, it's a very hard lesson to learn just on that front. + +Secondly is your sense of self, sanity, and reality. Now to me this is the absolute most important lesson to learn of them all. You can very easily find yourself down the rabbit hole and not even know you're there, just as I did. You can be in too deep, destroying your bank balance and everyone around you, and justify it because you've so gradually moved into it that it's all part of your plan. Sort of like the frogs in a boiling pot analogy. By the time you've noticed it's always going to be way too late, and by that point the damage is near irreparable. + +# Where I'm at, and the future + +For me this only ended within the last few days, so I'm still processing how I even found myself here, and how to move forwards. Writing this out is helpful because it's allowing me to process and learn from my own mistakes as I go along. + +Ultimately I've cost my family a lot of money, I've cost myself some opportunities both cash-wise and coin-wise (I have a grand total of zero of the coins that I planned to keep as investments), and I'm dealing with some existential problems that have shaken me so horribly I'm in the middle of a mental breakdown. Don't get me wrong, I'm writing this all very logically and reasonably, but the amount that I'm struggling to comprehend how I ended up here, and the sheer scale of loss, is just making my question my entire self right to the core. + +But that's the lesson I want people to learn. It doesn't matter so much about the money, the opportunity, or anything else that you may lose if you find yourself on the losing side of a bad situation. It's about the mental toll and how you'll react to that, how you'll see yourself, how you'll see the world around you and the pain you'll have to go through as a result of it. + +I'll heal. Slowly. Time will get me there, but as a part of that I want to try and limit anyone else entering this market afresh from making the same mistakes that I did. Part of that is telling my story, and the other part is hoping that we can make people more aware that futures/margin trading is gambling. If you have an addictive personality, stay away from it. If you're encouraging people to get into crypto, make sure it's known. + +If I'd have known, maybe I'd be having a different time right now. But, honestly, it's hell. Through the tears, self-berating, and intrusive harmful thoughts, I just wish I could have picked it. I've been through it all before and I can avoid these situations pretty successfully, and yet it *still* caught me with my pants down. That's something that's hard to accept no matter who you are. + +It can happen to you, too. No matter how smart you are, no matter what you've been through, and no matter what you know. + +Just, don't be me. It'll torture you forever. If nothing else let me take that one for the team. + +Questions are welcome. Take care out there. +Ya know, that lovable coin that no body seems to care about or notice - perhaps until it goes up a little and gets some mentions but then the hype dies away. The one coin you know you're going to make a loss on but just love the concept so much that you don't mind holding - kinda like that supportive soccer dad that just gets super enthusiastic even though his kid obviously sucks. "Reach for the moon, little coin!" you say, all shiny eyed n shit, holding onto hope for the big league. +**Preface:** I've made this post in /r/CryptoCurrency and will sprinkle it around as many places as I can to be as visible as possible. With more people entering the crypto space every day I have a responsibility to not be too quiet about it. My whole journey started on reddit, so please do me a favour and read it if for nothing else than to just educate yourself. + +Please be polite because this is brand new, and I'm still dealing with it. + +\------ + +So, fanciful title aside, I don't really have much of an agenda going into this other than writing down the experience I've had over the last few weeks in one take and hoping it has the impact that I'm aiming it to. For me, this is some level of catharsis because I'm still dealing with my distorted sense of self - and journaling it, even in these first few sentences, is the calm my mind has needed for a while, if for nothing else just to heal. + +^(TL;DR - Bought crypto, made gains, moved to Binance, found futures - fucked mine.) + +**A note**: +Crypto is not foreign to me. While I may have been a new entrant in the 2021 market, I'm a software engineer by trade and have been aware of it since the very early days of Bitcoin. My first buy-in was back in 2017, and we all know how that went, so I've been nothing but cautious ever since. I knew the risks, I never put in more than I could afford, and I knew that if I just kept holding, it would usually (not always) come back around. None of these points were lost on me. + +**If you have had any previous trouble with addictions, even something as small as food, cigarettes, or alcohol, please read my story and take this as an extremely important lesson. I'll survive this, but I'm absolutely certain there's plenty more who can't, or won't, especially coming into a bullish alt season. If this post has any goal, it's to minimise the possibility of that happening, and keep any losses contained to a balance sheet.** + +*If you are an influencer or celebrity of any type, please make it very clear that when you're promoting cryptocurrency as an investment, there is quite a real possibility that people can slide into trading and by extension gambling. Some will lose their money, some will lose their sense of self, others will lose their lives. You have a responsibility to inform people of these risks when promoting them.* + +*I know that Elon frequents reddit, so please, just, take heed of this and don't let anyone find themselves where I did. Be more candid, it could make all of the difference.* + +# Me, a brief history + +As stated, I'm a software engineer in his 30's that's worked hard to make sure I pulled myself out of a crappy childhood into the kind of life that I wished I was a part of when I was younger. I've got a house, a couple of kids, a wife, a dog - just all the trimmings that give you that general sense of completeness. + +That doesn't mean I'm not without my flaws. For as long as I can remember I've battled an addictive personality on account of ADHD and other issues caused by a wide array of formative experiences. Alcohol, cigarettes, (soft) drugs, gambling, food, romantic escapades, and other thrill seeking behaviour was an every day occurrence for me when younger, ultimately causing me more harm than good. + +Since those days I've worked very hard to shut off that part of my life - seeking treatment and overcoming it. This is important to note, because I'm completely aware of the dangers associated with any of these behaviours, and I steer clear of any situation that may present itself that will push me back in front of that metaphoric freight train. + +# Enter, 2021 + +I've had a decent 2020. Things went pretty bad during the first half, but I was able to really grind through the second half of the year and make sure that things were back on track and everyone in my life was looked after. I entered 2021 with a renewed sense of optimism and a great situation behind me, I'd really set the bar pretty high for what was to come, and there was no way I was going to let anything stand in my way. + +In the midst of all of this, I'm a redditor. Have been for near-on a decade now (I change accounts frequently), and I like to spend a little (lot) of each day scrolling through and catching up on what's happening in the world, what's funny, and just engage in a bit of conversation or crack a few jokes. + +So a few weeks ago we're all aware that WSB hit all time popularity due to the GME saga. It was thrilling, it was sticking it to wall street, it was everything that you love to see on the internet and a movement you could absolutely be a part of. Because of that, I bought my tickets - a couple of shares in GME. The excitement was off the charts, and I ultimately lost about a thousand bucks, but it was absolutely worth the price of admission. I feel like I'd made an actual impact and done something useful. + +Off the back of that movement (I'm sure you already know where I'm going with this), Dogecoin was propelled back into the spotlight and I thought yeah, you know what, Elon is talking about it, everyone's hyped about it, I'll YOLO a bit of money at it and see how it goes. At worst I have a bag of Doge, right? I can still use it, it's another little bit of fun to be had, and it'll scratch that crypto itch that I've been ignoring since the ring sting of 2017. Only this time I wont be making the same mistakes, or so I thought. + +# Gains gains gains! + +So, Doge went nuts. I made about 3-4x what I initially threw in and once it started to stagnate I liquidated my position (only about 1.5x by that point) back into cash and thought okay, I've got some money in my wallet and a crypto journey I want to start. Let's get into it. So I did my research, found a few coins that I thought were really promising, and started buying them up. + +Problem is, a lot of the coins I wanted to purchase weren't available on the exchange that I was using. So with a bit of googling I found that Binance was likely the best place for me to be able to buy the coins that I'd decided I was going to put my money into. I signed up, transferred my funds, and started figuring out the interface. Being in the industry I love to poke around and see what it's made of, which is when I made the one discovery I'll live to regret: *futures trading*. + +You see, for the uninitiated: futures trading is gambling. There's no real other way to cut it, but it's gambling. You're risking what you have by borrowing what you don't in the pursuit of earning a multiplier rather than just purchasing an asset, so the risk is off the charts. Being that I'd had no stock market experience and had no idea what it was, I thought it really was just a neat trading tool. I had a play around with it and instantly I was hooked. I had no idea how anybody could lose using this. It made me feel like the most badass trader around - sitting in front of my high-tech console with all my graphs, making longs and shorts, green indicators everywhere, it was an absolute wonder. + +# Knowing the market, trusting what you see + +This was mistake #2. This sub, a few other subs, and social media are absolutely flooded with gains porn, advice on the market, information on what to invest in, and when to invest it. A lot of it is super helpful advice and if you're well versed in the internet it's easy enough to filter out the shills and make your own decision after researching what you've read. + +Problem is that I had no idea the market conditions and how that can really influence your investment, especially if futures trading. I knew that there could be a bullish or bearish market, what each of those things meant, and I knew that it would go up and down, so look out for certain things on graphs and other indicators. + +One thing I didn't know much about is liquidation prices, margins, and how much things could go south by something as small as BTC rallying (turns out alts get hit pretty hard), new money flooding the market, whales putting up price walls and manipulating buys/sells, and just how fast all of those things could destroy my position. + +# The loss of it all + +When you get addicted to something, all of the dopamine in your brain is telling you to do it again, do it more, take more risk, and everything else that you know not to be true - it's just true in that moment. Because the market was doing so well I was duped into thinking that *I* was doing well, that *I* was some masterful trader and had it all figured out, and I started to increase those positions and decrease margins, because the gains were even bigger that way. By this point, I had enough balance to cover what I put into coins originally + what I wasted on the WSB fiasco. That was absolutely perfect and I was going to take it out and put it back in the family bank, but I wanted to make another trade, just *one* more. This coin I'm confident about is breaking out and I want to at least walk away with some profit after all was said and done. + +Well, that was the moment I learned that things can take a turn very quickly, and a liquidation event won't just ***reduce*** your position, it will completely wipe anything you have left + the margins. I locked my phone, attended to something around the house, opened my phone to look again, and there it was: + +Nothing. + +No trade, no balance, just nothing. The price had dipped below the liquidation point and unbeknownst to me it was all over just like that. Now, just like I said before, I never risked or put in what I couldn't afford to lose, and it was a completely avoidable mistake had I known more about it, but that's where things really started to fuck me up. + +# How could I have been so stupid? + +This is where it starts to take a turn, because it really starts to play on your sense of self when you make a mistake that big due to not knowing. Losing it all on a big gamble, taking a known risk, any of those things - you can handle the loss. You were prepared for it, you set yourself up for it, you made that conscious choice to put yourself out there in that way and you didn't win. It sucks, but that's okay, you can handle it. + +This move wasn't that. This move was a complete and utter fuck up due to my lack of knowledge and understanding. Accidentally finding myself gambling and being unaware of it was bad enough, but losing it all like that so suddenly when I planned to dip out of the position if it went too poorly really shook me to the core. I had *plans* for that money, I was going to *do* things with that money. These are just some of thoughts that start swirling through your mind in the moment and you feel like you've deprived yourself and the people around you of that opportunity by being an idiot. But it's okay, you're not an idiot, you just made a mistake. + +# Let's add more money, make it all back + +This is the point that I was in too deep but had no idea. By this point, about a week in, trading had completely consumed me and my days/nights/interactions with family, my relationship with friends was thinned, I was irritable, I was distracted, I was always watching the market. I wasn't sleeping, I wasn't eating well, all I could watch and feel were my trades. I had to baby them, otherwise they wouldn't work. I was obsessive over all my moves, all of my positions, all of my research - the works. + +Only to me it had happened so gradually that I didn't even recognise that I was all the way down that hole. I didn't realise how consumed I'd become or how bad things had gotten because I'd just slowly and willingly walked into it all thinking it was completely innocent when it was anything but, so when I got to the point of losing that chunk of money, I thought I'd just made a minor mistake and because my trades were already so good, and I could make that back in a second. + +So, stupidly and regretfully, I pulled a large sum of money out of my credit card and slapped it into my wallet. I was going to make back what I lost, make up for my stupid mistake, take it all out, and call it a day. I'd flown too close to the flames and I just wanted to make my exit quietly and gracefully, pretend it never happened and move on. + +But it didn't happen like that. + +# The final moments + +In order to make back what I'd lost, I retook the same position that I'd lost on in the first place. I thought it was a winning position, and honestly in the long run it really is. If I had more money, more time, and more knowledge, it would have - but I didn't have any of those things. I put the money right back in to where I made the mistake, vowing not to make it again now that I was armed with the knowledge of what to do, and started again. + +So earlier in the story I talked about BTC rallying and alts dropping rapidly, then whales smelling blood in the water and forcing others to panic sell / trigger stop losses / trigger liquidations, then gobbling up all that remains on the cheap. This is the point in my story where I learned all of those things happen. In order to prevent bleeding out and dying entirely I had to keep reducing my position when possible, and topping up my margin. It went lower, so I had to weather it. I was too deep to sell my position and take the loss, I just had to make sure I didn't bleed out - it was going to swing back up, right? It always has. + +That's where I was wrong. It didn't. Every time it went lower I had to sell off a portion and bolster my margins. I lost more, and more, and more, until eventually I had 1/4 of what I had left. At this point I was in too deep, so I vowed again to learn my mistakes, and use this money to slowly and incrementally make back what I'd lost that time. + +But the market got worse, and I was caught completely unaware in a storm that I couldn't even comprehend. I was a man in a tin boat in the middle of a tsunami. It was all lost. That was it, it was over. + +Once all was said and done, I'd lost around $20,000 USD. + +# The mind is more important than the pocket + +This is I guess where I get to the core message, and the lesson that I want people to learn from where I'm sitting. + +First of all, losing money is bad no matter how you cut it. Some people will go into this investing way more than they can afford to lose, and some people will keep it small. Some people, like me, will small but end up losing way more than they need to. It will take a while for me to recover, but it won't ruin my life. Either way, it's a very hard lesson to learn just on that front. + +Secondly is your sense of self, sanity, and reality. Now to me this is the absolute most important lesson to learn of them all. You can very easily find yourself down the rabbit hole and not even know you're there, just as I did. You can be in too deep, destroying your bank balance and everyone around you, and justify it because you've so gradually moved into it that it's all part of your plan. Sort of like the frogs in a boiling pot analogy. By the time you've noticed it's always going to be way too late, and by that point the damage is near irreparable. + +# Where I'm at, and the future + +For me this only ended within the last few days, so I'm still processing how I even found myself here, and how to move forwards. Writing this out is helpful because it's allowing me to process and learn from my own mistakes as I go along. + +Ultimately I've cost my family a lot of money, I've cost myself some opportunities both cash-wise and coin-wise (I have a grand total of zero of the coins that I planned to keep as investments), and I'm dealing with some existential problems that have shaken me so horribly I'm in the middle of a mental breakdown. Don't get me wrong, I'm writing this all very logically and reasonably, but the amount that I'm struggling to comprehend how I ended up here, and the sheer scale of loss, is just making my question my entire self right to the core. + +But that's the lesson I want people to learn. It doesn't matter so much about the money, the opportunity, or anything else that you may lose if you find yourself on the losing side of a bad situation. It's about the mental toll and how you'll react to that, how you'll see yourself, how you'll see the world around you and the pain you'll have to go through as a result of it. + +I'll heal. Slowly. Time will get me there, but as a part of that I want to try and limit anyone else entering this market afresh from making the same mistakes that I did. Part of that is telling my story, and the other part is hoping that we can make people more aware that futures/margin trading is gambling. If you have an addictive personality, stay away from it. If you're encouraging people to get into crypto, make sure it's known. + +If I'd have known, maybe I'd be having a different time right now. But, honestly, it's hell. Through the tears, self-berating, and intrusive harmful thoughts, I just wish I could have picked it. I've been through it all before and I can avoid these situations pretty successfully, and yet it *still* caught me with my pants down. That's something that's hard to accept no matter who you are. + +It can happen to you, too. No matter how smart you are, no matter what you've been through, and no matter what you know. + +Just, don't be me. It'll torture you forever. If nothing else let me take that one for the team. + +Questions are welcome. Take care out there. +I've been trading on binance for a while but have been doing nothing but making small losses, has anyone been profitable over the long term? How to take advantage of the bear market? I'm still a relatively new trader, any tips appreciate! + +Thank guys +I am in the auto business and have an elderly friend who recently had his shop burn down and unfortunately the insurance did not want to cover him. He is really struggling as he made his livelihood from the shop and apparently didn't have much saved up. As Ive been helping him clean up he has told me he doesn't have the strength (or money) to rebuild it again as there is no one to help him and just wants to get rid of the headache its causing so he is willing to sell it to me. + +The property is .4 acres, industrially zoned and it completely burned down so its nothing but rubble and land. On the property appraiser's website, land is appraised at 110k and the buildings were appraised for about the same making the total value of the property as appraised by the county to around 230k. The catch here is that he doesn't own the property outright as he says he still owes the bank around 120,000k. He is personally willing to walk away if I give him 50k for it cash bringing the total cost close to say 180k for the land only. Theoretically if the deal did go through I would have to erect new buildings to be able to do anything with it I estimate that to be at most 50k (warehouse type building) bringing the total to around 230k. The property restored and fully operational I believe it to be worth at least 350k-400k in the current market but as I mentioned I am not a real estate investor so my main concern is that I am either calculating things wrong or he is asking for too much upfront which i believe to be the case. Also it would be my first real estate deal with these circumstances where he still owes money on the property so how would I go about setting that deal up from a legal stand point (contracts, debt, etc)? + +As far as my financials here is what ive got. I have a home appraised at about 230k which I own free and clear. I currently have about 80k cash so not enough to pay him both the cash he wants and erect new buildings but I guess I could easily loan out the 20k. +Who else has been waking up with a smile on your face for the last days? + +I think it's gonna pump more now, and I have bought a lot these last days to lower my average aquisituion prize. Feels good finally seeing some green numbers. + +I think this is when we are going to soon see 10k in prize and reach financial freedom and leave the rat race that corporations have greated. +I've now been approached by 3 different people with the same type of story: "I met a couple that retired in their 30s and they took me under their wing." + +The conversation always unfolds in a similar way and some of the questions they ask are also the same: + +* the conversation starts with something related to you (say what you are drinking or reading) + +* then they ask what you do for a living + +* and when you ask them what they do, that's when they introduce this FIRE couple they met and how they are mentoring them to do the same + +* eventually they ask if you want to stay in your current job for much longer and if you show some interest in changing, they offer to put you in contact with their FIRE couple + +I'm pretty sure this is a scam of some sort, due to the fact I've been approached and heard the exact same story from multiple people and they have asked me the exact same sequence of questions (they must be following a script). + +I'm tempted to take the bait just so I can find out what this scam is, but then I realized someone here must already know about this. + +But heck, I cannot really talk about this to anyone. + +Since this is fatFIRE forum, if you have the resources... + +Will you do hair transplant procedure if you are balding, Elon Musk style (not Trump style)? + +It’s been kind of bugging me a bit even though it’s super unnoticeable and my wife thinks it’s fine. + +If you have done it, care to share the experience? + +Edit: Thank you for all the support and kind feedback. + +Glad that I made this post, I learned a lot of new things such as FUE procedure, Artas, Finasteride, and Minoxidil. +A couple of days ago, this poster here on r/fire mentioned [that his new "cushy" job changed his perspective](https://www.reddit.com/r/financialindependence/comments/8vd6s0/new_cushy_job_no_longer_want_to_fire/) so much that he wasn't that interested in RE anymore. + +He switched from a soul-crushing job which he hated to something that was much more easy going (even though it paid less). + +It made me think about the following concept: + +**How much of our happiness do we sacrifice by working?** + +Before the switch, this poster sacrificed a lot of his happiness for his job, and he was completely miserable because of it. Reading from his post, no salary would be able to justify that huge sacrifice. So he switched. + +Now he has a job that's still slightly boring, but the happiness sacrifice is far less and it seems from his post that he's much happier since he made the switch. + +I have been VERY intrigued by this concept of happiness vs. work/salary. That's why I wanted to start a discussion here. + +I have opened Microsoft paint and created [this graph to help get the ball rolling](https://imgur.com/a/74gQ3sL). + +To use the same example as before, the old job of the previous reddit post was probably far above the linear line: Yes, it may have earned more, but (s)he was suffering every day because of that old job. His/her new job is in much better territory, despite paying less. (correct me if I'm wrong, u/ispace888 ! ;-)) + +I want to ask all of you to determine where your current job is located on this chart. And as a follow-up, I'd like to ask how strongly you are pursuing FIRE. I bet the people who are in the red area on this chart are trying to reach FIRE much quicker, and thus have a higher saving rate. + +**As for me:** + +I've been pretty happy at my work over the last 3.5 years. Being the engineer that I am, I have gone ahead and [analysed just how happy I am at work in this essay](https://www.trackinghappiness.com/happy-at-work/). **TLDRL:** My work can be quite boring, stressful and intensive at times, but overall, I know that the impact on my happiness is not that big (0.12 points). This is why I am actually pretty happy with my job and salary. As a result, I'm not saving as aggresively as some others here are. Yes, I'm still frugal and aiming to become financially independent, but I'm not aggresively saving towards early retirement (or at least not yet!). + +I would love to start a discussion here on this topic, and see where the r/fire community is located on this happiness-sacrifice vs. salary chart. Hell, it'd be amazing if we could create a big community-filled scatter chart with each and every one of your jobs, but I guess that's just me being a dreamer ;-) + +What do you think? + +Update: Thanks r/fire for the MANY insights, anecdotes and stories. With a bit of effort, I might actually be able to create that scatter after all. Keep the data points coming :D + +Update: I'm going to try and realize this scatter chart of mine, hopefully this will work :) +Tomorrow morning I start a new construction job. Since payroll ends tomorrow, I'll be getting paid at the end of the day. + +I make $15 an hour and work 40 hours, 1099 (self-employed, no taxes deducted). Tomorrow I'll make $120 after work. Next week I'll make $600. +Here are my most prevalent necessities in no particular order: + +I have two outfits total, but luckily I still have my boots. My friend gave me some work pants today, 4 pairs, so that's something, but I'll still need T-shirts and clothing more suitable for extremely hot and humid weather (I live in the deep south, and I get heat exhaustion easily) luckily I have a place to shower after work. + +My van needs work on it. It likes to stall and the engine dies sometimes when making turns or sitting at a stoplight. I can do my own mechanic work on it which will save a ton of cash. + +Van's insurance is due but not yet lapsed ($70) + +I work 6 miles away from where I'm staying, so I'll need to make sure I have gas for the coming week. ($100 to fill up) + +I do need to replace most of my hygiene stuff. + +Phone bill will be due on the 13th., I'll have to pay that tomorrow to keep it turned on ($50) + +I will need lunch and drinks at work every day. + +I need to replace my driver's license and SS card since losing my wallet. ($17) + +But most importantly. I need to pull myself out of homelessness. I want my own place to live, by myself. I have horrible credit right now. I need to repair that. + +I really don't want to screw this up. I'm worried that I somehow will, and I'm really really worried that having good money will lead me to relapse on heroin/fentanyl again... So maybe some form of counseling will be in order once I have at least 2-3 weeks of income saved up. + +How do I make sure I don't overspend? How do I keep everything in line and how do I make sure I don't mess up a good thing again? Because I wrote the book on self-sabotage. I tend to be self aware, but also, I tend to do nothing about it. + +I want to make weekly investments, I want to keep a healthy savings, I want to replace the things I've lost due to homelessness, necessity and drug addiction, and I really want to get out of this hole. If I had to guess, I'm about $3000 in debt. + +**EDIT TO UPDATE YOU ALL** + +You guys... Wow.. You're all just amazing. The best. Wonderful people. To everyone that's offered me help, advice, or items.. You give me hope.. and I WILL pay it forward to others in need. I learned to swallow my pride where I used to choke on it. You reinforced my feeling that pride gets you nowhere and you have to ask for help. The days of the bootstraps aren't what they used to be. To leave poverty and close this chapter, I have to put in the work. Some of that work entails changing my character traits like learning to ask for help. + +I'll be getting my new ID on Monday, so that I can be certain I can cash my paychecks next Friday. Insurance can suck my balls for a little bit, I've driven waaaaay more illegally before lol. +I've applied and was approved for food stamps, it was super quick. +My friends Dustin and Caitlin gave me clothes, he gave me the pants and socks and Caitlin gave me the shirts, she let me park outside her house the other night. She came and sat in my van with me late last night, brought me some dinner and some cigarettes. Needless to say, I wish she would've woken up with me too. Her and her family truly are a godsend, good people. + +First day at work? Great. A little misplaced I felt, but I'm learning how to make myself more useful. I found out my bossman will loan us a $20 bill here and there against our paycheck at the end of the week if needed. I don't want to use that often, but it's nice to know it's there. Shouts out to Brandon H for getting me a job there and putting money in my pocket today. + +To the person on here who I will leave anonymous, thank you. They sent me $100, just because.. That security they gave me then, I felt like it was an extra blanket on the coldest nights. Hell, I feel like it was a bonfire in the Arctic circle kind of security. Thank you. Thank you for seeing something in me. One day, I'll be like you. I'll see someone struggling trying to make something of themselves. And I will, I'll absolutely help them out. Also don't be mad, I bought some sour Skittles and a cold Sundrop soda.. because I wanted to remember how it felt to enjoy something nice without shoplifting it. + +By the way, I was offered $100/hr to play music at an upscale restaurant. It seems like like 15 years of musicianship might finally be paying off. I know I'm talented.. I know i have a story to write. Im going to follow this dream. This construction job will fund my move up to Brevard, NC. +The head chef at that restaurant is the one that offered me the nightly music gig. He also offered me a cabin in the NC mountains for $500/mo. with the first couple months free to help me get on my feet. In the foothills of NC where I live, rent averages about $1300 a month for a one bedroom anymore. + +Thanks to you all, I will survive, and soon thrive. I'm going to refer to this post every single day till I'm where I want to be, and then again to remind me to stay there. + +Also, if anyone wants to put a face to this post, I finally added a profile pic lol +Guten Tag to this global band of Apes! 👋🦍 + +First, I am sorry for the delayed start today. + +Today is the final day of yet another week in the GME saga. It has been a week with very low volume but still plenty of excitement! GME continues to bump up against a level where SHFs rapidly short it back to around $210, indicating that they are managing very narrow margin requirements but aren't willing to spend their ammo shorting it in a shocking way the way they used to. Apes are continuing to DRS their shares and buy more. I am very much looking forward to the moment that ComputerShare turns off the buy button - that will be a very telling moment. Reverse-repos are quickly approaching their all-time high, well ahead of the normal end-of-month spikes. I would not be surprised if this is heading toward a $2T+ number on the 30th. + +I appreciate all of you who come here each day, sharing a bit of your excitement to be a shareholder as well as where you're HODLing from. This is an international movement and the wide representation from across the world is invigorating to many of us. Your participation here matters, perhaps more than you know. + +Next week has a US market holiday for Thanksgiving on Thursday, November 25th. German markets will be open, so I intend to update for the entire trading session. + +Today is Friday, November 19th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$210.04 / 185,14 €** *(volume: 289)* +- 🟥 115 minutes in: $210.12 / 185,21 € *(volume: 289)* +- 🟩 110 minutes in: $210.15 / 185,24 € *(volume: 288)* +- ⬜ 105 minutes in: $210.12 / 185,21 € *(volume: 257)* +- 🟩 100 minutes in: $210.12 / 185,21 € *(volume: 243)* +- 🟥 95 minutes in: $210.02 / 185,12 € *(volume: 231)* +- 🟩 90 minutes in: $210.05 / 185,15 € *(volume: 221)* +- 🟩 85 minutes in: $210.02 / 185,12 € *(volume: 202)* +- 🟥 80 minutes in: $209.95 / 185,06 € *(volume: 194)* +- 🟥 75 minutes in: $209.98 / 185,09 € *(volume: 182)* +- 🟩 70 minutes in: $210.01 / 185,11 € *(volume: 182)* +- 🟥 65 minutes in: $209.85 / 184,98 € *(volume: 182)* +- 🟩 60 minutes in: $209.90 / 185,01 € *(volume: 170)* +- 🟥 55 minutes in: $209.81 / 184,94 € *(volume: 167)* +- 🟩 50 minutes in: $209.97 / 185,07 € *(volume: 156)* +- ⬜ 45 minutes in: $209.85 / 184,98 € *(volume: 154)* +- 🟩 40 minutes in: $209.85 / 184,98 € *(volume: 153)* +- 🟩 35 minutes in: $209.83 / 184,95 € *(volume: 150)* +- 🟥 30 minutes in: $209.80 / 184,93 € *(volume: 96)* +- ⬜ 25 minutes in: $209.84 / 184,96 € *(volume: 87)* +- 🟥 20 minutes in: $209.84 / 184,96 € *(volume: 84)* +- 🟩 US close price: $210.12 / 185,21 € *($209.25 / 184,44 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1345. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Some background, my family is very well off (in the 8 figure range to be specific.) And my dad has always told me that he wants me and my brother to have a great life and not have to worry about keeping the lights on/food on the table and he will leave a fortune behind for us for that reason. However, I feel just weird about it. Knowing that many other people would kill to be in my position and I just feel guilty for some reason. What If I can’t have the same success as my parents had? And also, for the parents reading this, How do you feel about leaving a loaded inheritance to your kids? Do you ever worry they won’t work hard enough? Not being able to handle it? +I am a college student and I was wondering if not being able to pay my rent would affect my credit in any negative ways in the long term. If there is a period where it would not due to the national emergency, is there a time where this “grace”period will end and it will start affecting my credit? +I'm collecting unemployment until May, but haven't been successful in my job search. So the odds of being able to re-build my 401k are remote. I checked my account today and freaked out over a loss of 25%! My 401k is in a 2025 Retirement Fund with an additional $6,000 ROTH. I don't know what to do, I'm 62 and fear losing everything! Should I withdraw my ROTH and put it in the bank? Can I "freeze" my 401k so I don't lose what's left? Please help! +Hey guys I was wondering how many bank accounts you should have? And what the purpose of them were for? I'm on this path to changing my mindset and becoming successful and generating wealth. I want to immulate what successful business people do. Thank you guys for all answers and opinions! + + +Hello, +I’m currently serving in the military where I make roughly 27-28000 a year. I came in after college, and have about 68000 in debt in one private student loan, and 40000 in debt in federal loans, and 7500 in debt in another private student loan. I’m managing the 7500 one pretty well, even managed to drop 2000 off of that one this year. The federal loans are $0 payments as part of an income driven payment plan in association with my public service benefits in which they’ll be forgiven after ten years of qualifying public service jobs (I’m in year 3). The 68000 private loan is averaging 680 dollars a month, which is roughly a third of my monthly earnings, before considering what I set aside for savings and retirement. My question is, would I qualify for filing ch 13 bankruptcy? I’ve considered the consequences and found that I’d be willing to live them long term. +i work for a company who ipo which stock prices dropped by 30%, and will have $400,000 in capital loss. i have about $100,000 in unrealized capital gains in index funds, what is a good strategy? is it just to claim the $3000 every year? + +&#x200B; + +edit: i had RSUs that vested (to event) and released to IPO, because of 6 months lockup, i could not sell. by the time i sold, it went down $400,000, most of the taxes were withheld so I do not owe money, but I do have a capital loss on the record +> Earlier today I have received a phone call from a fake number (it appeared as the phone number of my local police station). + +> A male, Anglo-accent caller asked if I was <my full name> and claimed to be a drug addict, and gave me my full address, and said he knows I have a lot of bitcoins. When asked how, he said my information has been leaked on the dark web. I played dumb and he eventually says I purchased a ledger hardware wallet and “only loaded c*nts” buy them. + +> He told me a sob story about how he is addicted to meth, is about to run out, and needs monero to buy more. He demanded 10 XMR and said if it’s not sent by midnight, he will show up at my house, kidnap me, and “stab to death” any relatives living at my address. I was able to record this phone call as I put him on speaker phone. + +> I have went to the police and filed a police report. They are going to try and trace the caller and has sent a police car to wait outside which I am very grateful for. All of my doors etc are locked and I have the officer’s phone on speed dial. + +> I just want to warn everyone about the dangers of Ledger’s recklessness. If there is a class action lawsuit I will gladly join and submit this as evidence. + +Thread here: https://www.reddit.com/r/ledgerwalletleak/comments/ki1nsz/received_phone_call_threatening_kidnapping_and/ + +It looks like the warnings about data and privacy around having hardware wallets sent to your home have come true. Bitcoin is unlike most other assets and is open to theft and threats like this. [This isn't the first nor the last time](https://github.com/jlopp/physical-bitcoin-attacks). Privacy isn't "just for criminals". Saying "if you have nothing to hide you have nothing to fear" is bullshit. + +To check if you're affected check: https://haveibeenpwned.com/ + +If you've been affected by the leak head over to r/ledgerwalletleak, it seems people are organizing a group lawsuit. + +edit: added link to check if you're affected + +The Ford F150 lightning is already back-ordered. Chevy and GMC have electric pickups coming out this year. Anecdotally, I would never buy a Tesla but I'm very interested in the Ford F-150 Lightning. Seems like Tesla has had easy pickings for the last several years. Are those days coming to an end? +There are some tax rules that everyone can apply to save money on tax. Things like being able to deduct $300 p.a. (or some other amount, I can't remember) on washing work uniforms without having to provide evidence. What other good tax rules/loopholes for the common person can you share? +After 9 years of operations they are losing 2 billion per year, and now they want to beg for money in the stock market so they can eventually achieve their grand vision for the future of working + +[https://imgur.com/gallery/lJNiVfc](https://imgur.com/gallery/lJNiVfc) + +Wework is in the business of coworking office space. According to deskmag.com, coworking is described like this: + +**“What makes coworking special? An important precondition of coworking is the exceptional situation of coworkers. They work mostly in self-determined situations: the majority are self-employed freelancers, or entrepreneurs with their employees, as well as an increasing number of employees of large companies”.** + +It sounds great, but….it’s been 9 years now. To lose 2 billion dollars in 1 year would be a huge blow to any company. Even Google or Amazon would feel a loss like that. Whats worse is that the concept of coworking hasn’t even been proven or widely accepted yet. We don’t know yet if it is more efficient (its not, common sense goes a long way sometimes). Anybody who has worked by themselves knows very few people can do it efficiently, and this is why the standard template of executive/manager/worker will never go away. Wework is still a unique idea that is worth trying out, but building 41 billion dollars of unique office space based upon this theory is insanity. It’s almost reminiscent of China’s highly inefficient BRI, where cities are built inland far from any water source and [Sri Lanken seaports go virtually unused ](https://www.straitstimes.com/asia/south-asia/inside-chinas-us1-billion-port-in-sri-lanka-where-ships-dont-want-to-stop). It’s all about that long term though right. + +&#x200B; + +Regardless of how inefficient the Chinese are sometimes, they make up for it with their 996 work schedule, and you could only imagine the reaction you’d get if you showed them some of Wework’s office spaces. How is our generation supposed to compete when this is what our idea of work is. Seriously? If this is the case, we are fucked! Better start learning Mandarin sooner rather then later. + +&#x200B; + +The problem with expanding a business before you even know it will work is……………………………..ehm…………………..what if your plan, that incredible all seeing vision of the future was wrong………..Or even better, what if ………things like………I don’t know………………change. + +&#x200B; + +Nobody knows the future, but history is replete with people that thought they did, and the result was always the same. Just because the concept seems like it will work, doesn’t mean it will, and that is why it is usually not smart to go all in at first. Like the saying goes, don’t put all your eggs in one basket, and don’t go all in at first, or start small then work your way up, but history will always repeat itself, and the reason why is because human psychology will always stay the same. Some of the greatest minds the world has ever seen have made some of histories greatest mistakes. They will make excuses, or look the other way, or in Weworks case, pretend some expenses don’t actually exist by inventing completely novel and unheard of internal accounting standards. + +We have all heard of EBITDA, and some of us have also heard of Adjusted-EBITDA, but have you ever heard of “Community-Adjusted-EBITDA”? Nobody has. Why? Because WeWork made it up! Not only are they innovating the world of working, but also accounting!! Genius! When you have no cash, just pretend you do and everything will be okay! + +[https://imgur.com/a/rSWao2R](https://imgur.com/a/rSWao2R) + +I guess General and Administrative Expense, a fundamental part of any normal business, just doesn’t count…I mean counting that would conflict with their core community vision right? Take a look at this video. + +[https://www.bitchute.com/video/d2OcUen5pFTp/](https://www.bitchute.com/video/d2OcUen5pFTp/) + +A normal business would cut growth to generate cash, or maybe even sell some assets, but because Wework is so devoted to their grand vision, and so sure it will work, doing this would be counter productive in their eyes. I mean, I guess you can understand their logic from that angle. If you know it is going to work, just find the money somewhere else, then wait for this inevitable growth to flatten out those wrinkles……..eventually…..someday……..it will work. It’s only 41 billion. Think of the market they are tapping. Everybody works, so the possibilities are almost limitless! + +For more on Wework, watch this great CNBC report. + +[https://www.youtube.com/watch?v=QJt8F7sNITc](https://www.youtube.com/watch?v=QJt8F7sNITc) +Hey r/AskEconomics, + +I'm a final year high school student from Australia and I've got a macroeconomics essay to choose a country and analyse how 3 macroeconomic indicators have changed over the past 20 years. + +Could anyone recommend good/reliable sources for where I could find such data? + +I've looked but there seem to be a lot which are hit and miss or behind paywalls :( +Currently in my intermediate microeconomics class we are only learning about indifference curves, budget sets, and preferences, which all rest on the assumption that consumers are rational and that utility can be found. I dislike the rationality assumption of many schools of economic thought, and I'm more inclined towards behavioral economics. My question is, if consumers aren't rational, then utility functions cannot exist, so is preference theory a bunch of useless conjecture? And what utility free models would accurately reflect consumer choices? +Here's my reasoning: + +1. In a totally free market, rational actors would download all their movies and music, and use generic knock-off drugs. That's cheaper, more economically rational. + +2. The state intervenes in this by sending law enforcement agents to deal with patent and copyright infringement. + +3. Intellectual property is a huge asset in modern economies, particularly in media and pharma industries, also in technology. ("[IP-intensive industries support at least 40 million jobs, and more than a third, of our gross domestic product](https://www.uspto.gov/about-us/news-updates/remarks-director-michelle-k-lee-state-valley-conference)") However, it is a nonmarket asset, enforced by state intervention. + +4. It seems reasonable that IP holders would pay the state for enforcing this for them. + +How would this work, you ask? I haven't a clue, I'm just some guy on the internet. You'd have to assess the value gained by IP, which may be hard to measure. +Specifically, anything that deals with a LOT of computations and simulations. +I ask because I'm studying computer science (high performance computing) and I'm interested in learning about the research methods commonly used in this field. +I'm trying to learn more about automation and its potential effects on the human labour market. As you may expect, this interest comes from the classic introduction to the topic: the worry that humans will be the next horses - although I now see why this claim is pretty routinely dismissed by economists. + +I've read the Automation FAQ over on /r/economics and it answered a lot of my simpler questions but there is a small issue that I can't get my head around. + +The FAQ makes a distinction between short run and long run structural unemployment and proposes that short run unemployment is a concern of automation but we should not be worried about this issue in the long run. + +In the Short Run section, it says the following: + +> A worker's specific skillset becomes automated, he loses his job, and needs to find a new one - except on a potentially very large scale. In the short run, we can't expect "new tasks" to arrive at a sufficient pace to compensate for a sudden shock to the labor market coming from new automation technology. A potential example of this would be self driving trucks erasing all long haul trucking jobs in the matter of a few weeks or months. + +Is this argument, simplified, that whilst automation may replace workers in certain fields, they will find new jobs no matter what field they are currently employed in but we should be concerned with a short-term rise in unemployment at the moment the industry is automated? + +So even if it is a possibility that a large amount of current jobs can (and will) be automated, they will be able to find new jobs and, consequently, their long-term employment status is not the worry but rather the short-term effects of having many people become unemployed at the same time? + +Apologies if this question isn't articulated clearly enough - the entire topic is very new to me. I understand I'm essentially just asking for clarification as to whether I've understood the argument correctly. +I am trying to understand how the Fed controls rates and money supply a bit better, and have read tons of articles, but a few details are not covered sufficiently in what I have read. Any help is much appreciated. + +1. I understand that there was a regime change from the "limited reserves framework" to the "ample reserves framework" during the Financial Crisis of 2008. This was because the Fed bought up so many treasuries (and consequently injected tons of cash into the economy). Supposedly this led to banks holding more reserves than were required on their balance sheets. This is where I get lost. I understand the Fed "printed" tons of money this way, but why did the banks keep these ample reserves on their balance sheet? Why didn't banks just lend them out? For what reason do banks maintain ample (i.e., excess) reserves on their balance sheet to this day instead of putting the capital to better use? The only explanation I can think of is that banks prefer to earn the risk-free IOR rate from the Fed on these reserves rather than trying to deploy the capital via loans at a higher rate (perhaps due to risk-aversion)? Or is it something else? +2. On a related note, why did the Fed bother lowering the reserve requirement to 0 in 2020? What is the point of lowering the reserve requirement when banks are holding "ample" reserves anyway (as per question #1 above)? + +Anyone have any idea? Please set me straight if I am thinking about this wrong. +[Here is a graph the supports the claim](https://external-preview.redd.it/8l322hm5YK4oG4JD2M5y7GQh0VsnPw_5xo1N5Dg1mDo.png?auto=webp&s=f0182c1b6b5992d5f15b876cd4312d0547dac49d). + +It seems to me (and maybe I'm wrong) that \_something\_ has to enter in the productivity gap, in order to replace the wage stagnation, otherwise a great (class?) tension would've escalated, tension that would've affect this gap. What is it that was injected into society to ensure the stability of the system? +I have a couple questions. For one, from the inception of the Federal Reserve in 1914, how did monetary policy work since we were tethered to a gold standard? The issue I have is that, if the Fed only prints reserves corresponding to how much gold they have in storage, then how could they pursue an expansionary monetary policy if that would require creating MORE reserves than they have in gold and using that to conduct open market operations? + +If it turns out they cannot do this, which it seems to be the case, then can they pursue contractionary monetary policy under a gold standard? Since they seemingly can't create reserves out of thin air, they can feasibly remove reserves from the economy by selling off bonds to member banks. Is this correct, i.e., that they can pursue only contractionary monetary policy with a gold standard? + +The question is really, what WAS the monetary policy of the 1920's leading to the great depression? + +From my readings, the actions of the Fed at this time seemed to be to combat inflation from large amounts of gold flowing into the country from WW1. + +My final question is, how did the actions of the Fed during this time, that led to very little inflation (in fact even some deflation), lead to the relatively low interest rates of the 1920's? What is the connection between the two? Or a more general question, why were interest rates so low in the 1920's? +Greetings! + +I work in warehouse doing manual labor with a group of guys. We talk to pass the time and, sharing different views, it isn't surprising a debate starts every now and then. + +Well, an argument on the minimum wage occurred today. + +We've all heard the standard argument, right? + +Guy for minimum wage: If there was no minimum wage, then businesses would just pay all their employees $2 an hour. + +Guy against minimum wage: No, because businesses setting their wages is just another element of competition in capitalism. If a company only paid their employees $2 and hour then another company could offer a higher pay, attracting workers and profit. The first business would have no choice but to raise their wage or compete some other way. + +Now, I support the minimum wage. And while I somewhat agree with both people (person A more than person B), I thought of this while driving home... + +Say there was no minimum wage, and businesses were able to set their own wages. CEOs are only concerned with maximizing stock value for their shareholders, correct? What would stop large corporations, who combined bring in 90% of total profit in a certain market, from simply coming together and saying, "Hey, let's all set the wages for our workers to be the same, and as low as possible."? + +Sounds ideal from a corporate perspective, right? You can pay your employees pennies, and with the other companies all doing the same, you no longer have to worry about competition in that area. Shareholders are happy with the money you saved on labor, and you as a large corporation, have the power to crush any small business, with a higher wage as an incentive to attract workers, that may try to enter the market. + +That sounds like collusion, which I know is illegal. I'd like to ask just to confirm. But also, if said activity is illegal, how does one prove that corporations colluded? How could one tell it wasn't just a coincidence? With collusion laws, are corporations not allowed to work together at all? +I want to start an Econ club at my high school. Do you guys have any suggestions of how to make it more interesting or relevant for the general population. How to get more people involved? Maybe put some spin on it. Any suggestions would be much appreciated. Thanks. +Wouldn't a national minimum wage increase cause inflation due to regional differences in cost of living? + +For example, if everyone started making $15/hr wouldn't the associated increases in rural areas drive up the cost of producing food and other resources, and relatively quickly (5-10 years) drive up commodity prices to the points where $15 is no longer a liveable wage in urban areas? + +Assuming this is true, wouldn't regional minimum wages increase be more beneficial in the long term in order to increase liveable wages without increasing inflation in the short term? +I was supposed to buy 2 washers and 1 dryer. But the lady over the phone got my order wrong. When the items were delivered to me, there were only 1 washer and 2 dryers. I told the delivery men to take the extra dryer back. My mom signed the receipt saying she had received all the items (BIG mistake). + +It was 1 month after the delivery men took the dryer back, I never got the refund. So I called Chase and made a credit dispute. They put a temporary credit on the account. + +Fast forward to yesteryday 3 months after the item was taken back, I got a letter saying Sears denied the refund. I was asked to provide further evidence. But now, I feel I don't have any strong evidence. I have a email confirmation (not really, I called, and it was just an email saying they were working on it). I also have my order receipt. I also have the delivery men's number. + +My guess is either the delivery men stole it, or Sears is playing dirty. + +EDIT: To those who said I did not called Sears before making the dispute. I called them at least 20 times about the refund before making the dispute. Every time, I called they said the money would be credited back to my account within 3-5 bussiness days. Eventually, I had to pay a late fee for not paying that money on time. + +EDIT2: People are saying there is nothing I can do if the delivery man stole it or they wrote it off in the inventory. The day after I returned that dryer, I called the delivery men to make sure he returned it, he said he did. I don't know if he was lying. + +EDIT3: The reason why I called instead of going online was that the site wouldn't let my credit card go through. I later called and the service lady told me it was because my bank blocked the payment. Anyway, I should have switch to buying it online after I called my bank to unblock the payment. + +EDIT4: Sears Corporate Escalation Team called me and said the money will be back my bank account in 10 bussiness days. + +Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017. + +https://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm +https://www.bloomberg.com/news/articles/2017-07-28/second-quarter-u-s-growth-rate-of-2-6-underscores-resilience +https://www.cnbc.com/2019/07/13/retail-store-closures-in-2019-freds-charming-charlie-and-more.html + +Despite the year being more than halfway over, the pace of store closures doesn't appear to be slowing down in the retail industry. More companies piled on the bad news this week. + +So far, 7,062 store closures have been announced by U.S. retailers this year, according to a tracking done by Coresight Research. And the tally could top 12,000 by the end of 2019, setting a new record, Coresight says. Last year, Coresight tracked 5,524 store closures, down more than 30% from an all-time high of 8,139 closures announced in 2017. +Amazon could soon be leasing at least 20 cargo planes with the goal of building its own air-logistics operations in the US. + +http://www.businessinsider.com/amazon-in-talks-to-lease-20-cargo-planes-2015-12 +“For over 60 years, I’ve been able to tap dance to work, doing what I love doing,” Warren Buffett says in an HBO documentary slated to premiere at the end of the month. “I just feel very, very lucky.” In fact, he says he “won the ovarian lottery.” +http://www.marketwatch.com/story/from-6000-to-67-billion-warren-buffetts-wealth-through-the-ages-2015-08-17 +But I am planning on holding. What is a good number to sit on? I've only got 120 right now... + +Is DGD or DGX or whatever a good idea, too? What would be a good number there? + +You guys are an awesome sub, thanks for always being so helpful, you beautiful and majestic fucking blockchain rockstars +As someone who's at the edge of the board and hasn't jumped in a month or so i'm looking for advice. + +When it's going down i won't buy because i'm afraid it will keep lowering, when it's going upward or maintaining value i won'r buy because i'm waiting for a price drop. + +I was thinking of taking maybe 1k and buying 100$ per week? That seems, from what i've gathered, the least foolish way to go about this as a novice. +Genuine curiosity here and thought it worth posting as any discussion may help others that are as retarded as me... + +Since coming on board here I've gotten familiar with the concept of free-carrying. As I understand it and by way of example: + +\- I buy $10k at 10c (100k shares) + +\- sp goes to 20c (holding value doubled to $20k) + +\- to free-carry, sell 50k shares (gets original $10k back) and 'carry' the remaining 50k shares for "free" + +Where this comes undone for me is that CGT applies and so technically more than half would need to be sold in to profit - enough to offset the CGT (assuming getting back your original investment is how free-carrying is defined). + +So I get it, it sure as hell works and well done to anyone who's holdings gain enough to do this, but the half sell / half hold ratio looks off to me. If I put $10k in, I would take free-carrying to mean I get $10k back AFTER tax and hold whatever's left. + +PS: What I can't wrap my head around is how people sell for a small profit (sp has gone up x cents) then look to buy back in if it pulls back a few cents again - taking the view that they've just increased their holding. + +Taking my example (sucks to be on highest tax rate), if I buy $10k of stocks then sell at $11k, I can't put $11k back in to a buy order without ignoring the tax liability. A number of people here seem to operate this way regularly and assuming they make good trades and keep repeating the tactic, isn't this a case of digging yourself in to a hole re EOFY and CGT coming due? Better to just make those gains and worry about tax later......? I couldn't do it... + +Disclaimer: not in any way a criticism of anyones approach, but important considerations for me and maybe others... +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) +Oxford University and AstraZeneca announce the Phase 1 results of their COVID-19 new vaccine trials tonight in the Lancet. If it's good, and sources in newspapers such as the UK Telegraph suggest that it will be very good for a Phase 1 study, we could see a US and hopefully Aus bounce back in optimism for those cyclical retail and travel stocks. DYOR of course... + +[https://www.telegraph.co.uk/news/2020/07/15/coronavirus-vaccine-breakthrough-oxford-scientists-discover/](https://www.telegraph.co.uk/news/2020/07/15/coronavirus-vaccine-breakthrough-oxford-scientists-discover/) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +My older brother been telling me the past few months to buy up DLC and sell out around September and October due to nuclear or uranium who the fuck knows really but he seems legit good at this. + +So I wanted to ask about what he calls "unwinding the position to average out the profit" I've spent about 2800 buying up DLCs for a random mix of games on steam and epic store to diversify my portfolio but unable to find out where I can go ahead and sell these? + +At first I thought I would try and refund them all for a profit but they are just offering what I paid for them in return? Where do you guys unload this stuff? +Total noob here. This is probably a dumb question, but what keeps one from sellingOTM SPY calls on a down day like this at like 3:45pm or even 3:55. Sure profits won’t be much, but probability of expiring worthless is pretty high. Seems like a no brainer to me, but want to make sure there isn’t anything I’m overlooking. +I've seen a couple people recently on CNBC say that they think in the near future several SPACS and companies will go bankrupt because their business models are failing due to rising interest rates and that they stock price will go to zero. Basically, they rely on debt to keep going at this stage in their business and the cost of the debt will bankrupt them. They went on to say that their plan is to buy up bonds in the companies they like that they think will go bankrupt because they are good businesses aside from the debt. And that everyone that owns equities in the companies will lose everything but the ownership of the companies will get turned over to the bond holders. Lastly, they went on to say that this will be the opportunity of a lifetime to have an ownership in these companies on the cheap. Of course they wouldnt say which ones they were targeting. + +This is the first time I have heard of this. Can anyone validate that this is true and elaborate more on how this works? Is this something that an average retail investor can take part in or are things like this only for the connected few. Any further insight on this topic would be greatly appreciated. +So many analysts have been saying lately that the market is heavily over-valued amid the pandemic and is due for a crash or major correction at least. In all honesty, they themselves are not sure what's going to happen and are simply rolling the dice, hoping that the outcome will be in their favor so that they will be given astounding credit in the media just in the case the market does fall, which it won't. + +The government is printing more money in a matter of days than it has in 10 YEARS. Money supply has gone up so fast and the market is going up an insane amount for the same reason, accounting for the huge deflation in the value of the currency. I hate these analysts with every fiber of my being because they think that they can time the market, but they know deep inside, that they are wrong and are misguiding everyone. This can't be compared to the 2008 crisis because the fed and government are doing everything they can to support the ETFs by not only printing more money but also putting in policies to make this a fail-proof market. Why don't people understand that the government is printing money so that normal retails investors keep pumping money back into the market? This was all part of the corrupt government plan. The stimulus check is meant to save people who don't have jobs, but the government is literally giving it out to the people who DON'T need it. I know so many people who have enough wealth but still got the stimulus check. Guess where they put the check? INTO THE STOCK MARKET!!! The only way for the stock market to go is up. If you still don't believe me, keep waiting and missing out. This is the best and safest hedge against inflation. + +As always, the poor people that don't invest NOW will be left out in the big game of investing and later on realize the grave mistake they put themselves in. The rich people always benefit and the stock market is living proof of that. + +&#x200B; +It’s early in the morning here (west coast) and I am marvelling at the masterful strategy game RC is playing. + +Yesterday night, Ryan posts a tweet quote: “The best time to be alive in human history is now.” + +When you google “the best time to be alive in human history?”, it says RENAISSANCE ITALY. It is my speculation he is saying we are about to experience another Renaissance of human creation, even better than the last. + +With a full NFT Marketplace launch, GameStop will launch it’s large partnerships. The utility of NFTs being more than just jpgs will come out in full display with CyberCrew NFTs at the top showing just small portion of the potential of NFTs leading the creator market. It serves as a great example of what creators now have the ability to use NFTs for. Creators will flood to the market to submit and we will experience a new Digital Renaissance. + +Today is also the day that US GDP numbers will come out as well. It will be hard to deny we are now in a recession and the markets may be BLEEDING red. Don’t forget the 75 basis point hike today (market green LOL bulltrap?) + +GME just split their stock via splidividend and in the last few days, millions of shares more than the volume traded that day were borrowed out of thin air and disappeared? Where would they go? Perhaps, to cover the shares needed to cover the splividend. + +So now we have passed the splividend and nothing has happened yet, but it was a huge victory for RC because now he has evidence for court. They will know which brokers were not sent real shares. + +The NFT marketplace was just spotted to have a “Injected” option added under “Connect Wallet”. Credit to u/m1ndbl0wn for linking this: [https://docs.blocknative.com/onboard/injected-wallets](https://docs.blocknative.com/onboard/injected-wallets). To summarize, this feature will allow for most mainstream cryptowallets to connect to the marketplace. + +Additional to this, we have GMERICA trademark clearing today. I’m not saying tomorrow is today or anything but I’m feeling good. RC has them squeezed between 4 walls and he is about to drop the hammer. + +And if I’m wrong, it doesn’t matter because this is the most asymmetric risk opportunity in history. + +Also… what’s going on with BlockBuster and Sears anyway??? + +edit: grammar +Some of you are thinking that there is no way that Ken lied under oath because he has too much to lose. + +The thing is, he has more to lose if he does not lie. + + + +[Here is a side story of the 7 Dwarves](https://www.jeffreywigand.com/7ceos.php) + +It's happened before, the 7 Dwarves are the seven of the world's major tobacco CEO's and they all lied under oath together that nicotine is not addictive. + +[They also did a lot of shady shit](https://en.m.wikipedia.org/wiki/Operation_Berkshire) + +"They agreed to create a front organization, the International Committee on Smoking Issues (ICOSI) (renamed the International Tobacco Information Centre, INFOTAB, in 1981), which operated through an internationally coordinated network of national manufacturers' associations to delay measures for tobacco control.[3" + +They also took this a step further, and this is what they did. + +"The American tobacco industry, working with its counterparts in other countries around the world, organised ICOSI, later renamed INFOTAB for the purpose of coordinating the worldwide response of the industry to anti-tobacco activities. INFOTAB was used to formulate and publish a consensus position on the part of the industry. It monitored anti-tobacco organizations. It created an information service for the purpose of accumulating and disseminating intelligence on anti-smoking activities" aka, spying and shilling + +The last part basically is what's happening now with Citadel, shill activity is increasing and missinformation comes with it. + +The difference now is that we are many, and strong. We play the same game. +Our apes are doing their part of onsite DD's, drone flights, plane tracking, digging out shills one by one and critical thinking with accurate leads while also having fun doing it, not a drop of sweat or lose of sleep because we are many and we are worldwide. + +While ken hasn't slept good for days considering how he looked in the last "interview" + + + +EDIT: Alot of people are saying that this has nothing to do with GME and it's just plain stupid to compare those to things, because people lie under oath all the time. + +So i'll just make this short. + +You misunderstand. My point is that it was easier to get away with it before, but not as easy now with the web and easier access to information. It is also that he uses close to almost the exact same tactics. + +At the same time i am thankful for the ideas, DD and everything else people are doing, this was not as easy before unless you lived next to a HQ and had buddies working in finance. +For those of you who have not seen the news, Hertz has a new CEO: Paul Stone. Hidden within the 8-k filing they pushed out this morning is the following line: "Mr. Stone will be eligible to receive a key employee retention bonus." Link here: [http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=115018486&type=PDF&formType=8-K&dateFiled=2020-05-18&cik=0001657853&CK=1657853&symbol=0001657853&companyName=Hertz+Global+Holdings%2C+Inc](http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=115018486&type=PDF&formType=8-K&dateFiled=2020-05-18&cik=0001657853&CK=1657853&symbol=0001657853&companyName=Hertz+Global+Holdings%2C+Inc). + +What is a key employee retention bonus? I'm glad you asked! To incentivize employees to remain with the company during a **bankruptcy** period, “stay or keep” **bonuses** are implemented through a **Key Employee Retention** Plan (KERP). (I plagiarized that from [https://www.alvarezandmarsal.com/insights/introduction-world-bankruptcy-compensation](https://www.alvarezandmarsal.com/insights/introduction-world-bankruptcy-compensation)). + +To be fair, they haven't said they're going bankrupt. However, to stop paying executives and three weeks later start paying them again because they're "working really hard" (while continuing layoffs) in addition to this new type of bonus provision speaks volumes about the trajectory that Hertz is on. + +Personally, I expect a bankruptcy filing in a week or I will eat my left shoe. +I read **The ABCs of Real Estate Investing** by Ken McElroy and one of the things he talks about for MFH is to actually VERIFY the rental income of the property regardless if the seller discloses the current income. He talks verifying via a **Pro Forma** document. + +1. Will sellers share this information if I ask them about it? +2. If the seller does not share information, how can I determine if the tenant is actually paying the rent that is being advertised? What about expenses that happened the past year? +3. Is it common for people to fluff rental numbers for MFH? If so, what's the best way to approach MFH with tenants paying rent? +Hello all, + +I have taken over managing an elderly family member's rental properties in California after they experienced a stroke early last year. I have Power of Attorney along with one other person in the family. + +All has been going just fine until recently. Last month a family member, who is listed as a tenant in common with two other people on one of the rental properties, went over to the tenants of the property and instructed them that all rental payments would now be made to them, otherwise they would seek to evict the tenants. No one in the family was informed of this ahead of time and I only found out recently when I asked about a missing rent payment. (This family member is angry about their eventual inheritance and is causing trouble, however, this is not the focus of this post, just some context). + +For some reason the tenants agreed to this arrangement without first contacting me who has POA and had been collecting rent and dealing with any issues for nearly a year. + +When I asked them, they said they agreed because the family member could show them a deed showing they are a tenant in common with a 50% ownership stake. I do not even know if the tenants were in fact shown any documentation, but they said they were afraid of being evicted. This person claimed that they are the majority owner that the entire rent must be paid to them, not to the person on the tenancy agreement, who is my elderly family member who purchased the property and who the tenants had already been paying rent to for many years. + +The rental income for this property has long been the taxable income of the elderly person despite the tenancy in common arrangement. + +This rogue behavior by one family member has taken the rest of us off guard as the income is needed to pay for the care of the elderly person and I am not completely sure where we stand in all of this. + +I have told the tenants that technically the rent for February has not been received under the terms of the lease agreement. I would like them to remain tenants as, apart from this, they have been very good tenants and always pay early. However, if they do not pay rent into the account of the person they have the lease agreement again, I will have no choice but to take action to seek two months of delinquent rental payments (I don't necessarily agree with this point, but an experienced property manger in CA, has told me that since they didn't pay the person in the lease agreement, the rent is technically not paid). I do no think it is fair to go after them for the Feb. rent paid to someone else - just want them to pay as they did before. + +The lease agreement in place is between the tenants and the elderly person (whom I have POA for) not anyone else. It clearly states that person should be paid the rent and how and when they should do it each month. Surely just because someone is listed as an owner, they cannot suddenly make the tenants pay the entire rent to them if they are not anywhere on the lease agreement? What takes precedence here - the lease agreement in place or ownership? + +If anyone could possible help me to better understand where I stand legally in all of this it would be greatly appreciated. +Tenant had some flooding and said their rental insurance denies their claim because they don’t cover flood. My property insurance doesn’t cover flood either. Should I still call them? Tenants want me to pay for their personal property? +So I just turned 17 and I will be graduating highschool in less than a year, by the time I graduated I’ll have around $50k saved. I haven’t worked a job (parent passed at young age so money is from the government) yet and I’m not sure what I want to do with my life but i know I do not want to go to college and I think with the money I have saved I have a huge advantage and I feel real estate could be a good way to go with that money. I plan on saving most of it and keeping most of it invested in long term investments (which it’s already in) but I would just like to know some of my best options for creating a good stream of passive income with the money I already have. +I’ve been looking for single family homes to rent for long term rentals, but the numbers just don’t add up. Im using Zillow as my initial search engine which lists a monthly payment (often times low) with a rent estimate (often times high). Even when I use comps, the numbers just aren’t there. The monthly mortgage payment is the same or above the monthly rental price. I understand monthly cash flow and equity are the two sources of return you will see, but if you’re in the red before you even start to look at repairs and maintenance how does anyone make money? Is having a negative month cash flow a good indication of a bad investment? +Hi everyone! I am looking at investing in my first property with my family. We live in Southern California and are looking for properties generally near us. One of my family members watched a “horror story tenant” that made the news, where previous owner sold the property and then refused to leave. This left the new invester to foot the bill and the old owner to live and trash the place. Now he won’t stop saying EVERY tenant will turn into a nightmare and the property owners have ZERO legal rights. What advice do you have about experiences as a Southern California real estate investor? +I read **The ABCs of Real Estate Investing** by Ken McElroy and one of the things he talks about for MFH is to actually VERIFY the rental income of the property regardless if the seller discloses the current income. He talks verifying via a **Pro Forma** document. + +1. Will sellers share this information if I ask them about it? +2. If the seller does not share information, how can I determine if the tenant is actually paying the rent that is being advertised? What about expenses that happened the past year? +3. Is it common for people to fluff rental numbers for MFH? If so, what's the best way to approach MFH with tenants paying rent? +Guten Tag to this global band of Apes! 👋🦍 + +Today is the penultimate day before GameStop earnings, and what a moment in time this is! Ryan Cohen is on the attack, speaking out against the hedge funds who continue to short against this company. The change in his manner is telling - he is calling out their bad behavior now, just ahead of their bad behavior being exposed to the world. Could this be an early indication that the float is officially locked? Has RC Ventures purchased additional shares, that when combined with the shares that Apes have DRSed make this a company that no longer has any legally shortable shares? + +Whatever the reason that RC has become so active, it does not (yet) change the fact that the institutions that are short on GME continue their life and death struggle against our Diamantenhände, and it is a hopeless situation for them. This past year has included some moments where I was *thrilled* to see the balance of my GME holdings, but I did not sell. Conversely, the crimson of the same balances does not faze me today - I am not selling; I have lost nothing. I've had Apes reach out to me for words of encouragement, having difficulty seeing past their extensive paper losses. I hope that these words offers the encouragement you seek: + +As a GME shareholder, you have invested in a company that is on the cusp of revolutionizing retail. GameStop has a passionate customer base, many of whom are also exactly the kind of customer who will get excited about the possibilities enabled by technology like NFTs. GameStop has eager partners in game production, eSports, and merchandise, and is growing their offerings weekly. They are increasing their fulfillment and customer service capabilities, and gearing up to take on online retail titans such as Amazon. They have the bankroll to achieve *ALL OF* these things, I believe in the team that this company has assembled to deliver on that potential. + +I would eagerly HODL shares of GameStop based on the above alone, but many of us got into this company because of the short squeeze potential. Institutions did not believe that GameStop would successfully navigate the digital transformation of the video game industry, and would be another in a long line of dead brick and mortar retailers. In fact, they were so sure that they could ensure the death of GameStop by installing board members who would drive it into the ground that they took out incredible short positions against GameStop to profit from the company's demise. They shorted it from above $30 down to $3.50, confident that if they could just drive it a little further the company would collapse and they'd never have to close their short position, leading to incredible profits. + +Then the tides turned, leading to The Sneeze. The Institutional Shorts *loved* shorting at $10, why would they dislike shorting for $400 for a phantom share? They were sure that they could juggle the position for long enough that Apes would lose interest, and they'd enjoy even greater profits extracted from Retail traders. However, they did not count on GameStop's transformation. They did not see the company leveraging the price spike into a warchest that would let them restructure their debt and fund a brand new path forward. By the time the Shorts realized that they no longer had hope of killing the company, it was already too late - they had tripled down on an already impossible position, leaving further crime as the only path to survive. + +So now we see the toll of their continued crimes. They are doing everything they can to drive the price down. Nevertheless, Apes know that they cannot do this forever. At some point, they will start to fall, and the cascading failures will eventually force their short positions to be closed, leading to the MOASS. The trigger for this could be any among a number of things, but each week it feels more inevitable. Each RC tweet seems to bring it closer. I cannot wait to see what he is working toward. + +Today is Wednesday, March 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 60 minutes in: **$84.25 / 76,65 €** *(volume: 2697)* +- 🟩 55 minutes in: $84.16 / 76,58 € *(volume: 2674)* +- 🟩 50 minutes in: $83.84 / 76,28 € *(volume: 2344)* +- 🟥 45 minutes in: $83.79 / 76,23 € *(volume: 2300)* +- 🟩 40 minutes in: $83.88 / 76,32 € *(volume: 1931)* +- 🟩 35 minutes in: $83.71 / 76,16 € *(volume: 1578)* +- 🟩 30 minutes in: $83.66 / 76,12 € *(volume: 1568)* +- 🟩 25 minutes in: $83.66 / 76,12 € *(volume: 1537)* +- 🟥 20 minutes in: $83.57 / 76,03 € *(volume: 1106)* +- 🟩 15 minutes in: $83.58 / 76,04 € *(volume: 974)* +- 🟩 10 minutes in: $83.53 / 76,00 € *(volume: 925)* +- 🟥 5 minutes in: $83.17 / 75,67 € *(volume: 239)* +- 🟩 0 minutes in: $83.19 / 75,69 € *(volume: 162)* +- 🟩 US close price: $82.64 / 75,19 € *($81.85 / 74,47 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0991. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +For example, EWC (iShared Canada ETF) is about flat year to date, while the equivalent in US is down about 13%. + +How come Canada stocks have been relatively unhurt compared to US stocks this year? +I hear people say "Keep it simple", "Don't clog up your charts with indicators", and "Don't complicate things and over-think" stuff like that. + +That doesn't make sense to me. Why would you use LESS indicators and tools, when you have them all at your disposal? Wouldn't combining different strategies and using more and more indicators increase your chance of success? How is there an inverse relationship? + +So I guess in a nutshell I am wondering, can't you just add as many possible indicators to your analysis as you can to increase your chance of correctly predicting where a chart will go? Wouldn't it make sense that way? + +Sometimes I see people analyzing charts just based on 1 simple trend or a support level and it just seems like complete 50/50 gambling to me... The only reason I see to use 1 strategy is that different trends/indicators mean different things at different time frames? + +I have been looking at strategies on this website (these particular 3 strategies): +http://forex-strategies-revealed.com/gbp-jpy-scalping +http://forex-strategies-revealed.com/trading-methods/9ema-entry +http://forex-strategies-revealed.com/advanced/rsi-fullstochastic + +If someone could help this beginner out with suggestions/readings/anything I would greatly appreciate it! I have read the Beginner Info/FAQ section so any other directions resource-wise would be great!!! I am a fast learner and would love to become a +$ scalper, even if it was simply a dozen or so pips a day. This is will not be a full-time career for me, so I am not expecting crazy returns. + +Thank you everyone :) +Now granted, I'm not in poverty, not at all - but my family's not that well off either, growing up, as I still am, I always believed a university degree was my way to early retirement, flash cars and beautiful homes. + +But as I've got older, and though I still wish to attain a degree, I've seen that this is almost certainly not true; I'll still be working until I'm 65, degree or not. I refuse to accept this. + +Over the past 6 months I've been testing my strategy, which has so far yielded over 100% returns, month on month via a demo account. After reading a tonne of books, consuming as much as I can knowledge wise regarding FOREX, constant, consistent practise and hundreds of hours learning, I'm looking forward to opening my first live account in June. + +I'm well aware that this first live account may fail; of course, nothing goes to plan - but it's a start, and I'll still learn from it, whatever the outcome. +https://www.washingtonpost.com/opinions/americas-utterly-predictable-tsunami-of-pension-problems/2017/02/22/1e5de00e-f869-11e6-9845-576c69081518_story.html?utm_term=.176da3f07d78 + +I wonder what kind of consequences this trend will have on those that DO provide for their own retirement. +Hello. I frequent this sub from time to time. I recently made the switch over from Wells Fargo over to Alliant credit union. As of today I closed all my accounts with Wells Fargo and moved all my auto bill payments to Alliant and finally had my direct deposit approved. + +I just wanted to let those know that are on the fence about online only credit unions with no brick and mortar that this online experience has been nothing but pain free and awesome. I originally opened up a savings and checking account, but today I called and asked if I was able to open up an additional savings so I can have it as my emergency fund. To my surprise unlike Wells Fargo there is no annual fee, no daily balance needed etc. + +The lady asked if I wanted to open it right now on the phone and that she would just ask me a few security questions. Not even 3 minutes later she said my new savings account was added and would be reflected online. She told me I could change the name to emergency fund if I so desired. I wish I would have made the switch sooner. It's almost to good to be true when I look at all the non fee things that come along with this credit union compared to Wells Fargo. + +The next thing I want to do is to open up a credit card with Alliant. I recently heard they do 2% now on purchases. Those with a Alliant account or CC how has your experience been so far? I've been with them for about a month and so far it's been the best banking experience of my life. + +Hands. Down. + +EDIT: This thread blew up overnight as I was sleeping and I'm having trouble replying to a lot of you so I'm sorry if I didn't answer your questions. But I did answer back to a lot of you. + +[Here](https://imgur.com/a/al35P) is a few screenshots of what my online CU app looks like when viewing my balance etc. The other picture shows a list of the nearby ATM I'm able to use for fee. I'm showing this in case anyone ever wondered what a CU app looked like. It's literally the same as any other bank app I imagine. + +A lot of you had the same questions regarding how to deposit cash, how to take out cash, any ATM fees, etc. I'll link you the FAQ from Alliant so I don't have to keep repeating myself and so people don't have to dig through all the comments to find the answers: + + +http://myalliantcreditunion.com/google/offers/frequently-asked-questions + +If anyone has questions for me just PM me instead I will gladly answer back whenever I can. + + + + +My husband and I want to build a house this year. This has been something we have been working toward for 4 years, and of course the year we are ready is when the cost for construction materials has skyrocketed. + +We have been talking with a builder who we really like. They will be ready to take building contracts for their new subdivision sometime in May, given that everything goes smoothly for them. The concern that we have is how incredibly expensive the houses are now compared to just two years ago! + +The model we are looking at is 1548 sq. ft. and the current cost for our area is $220/sq.ft. Two years ago this model was $298k, while today it would cost $340k. Our absolute maximum we would be comfortable to spend is $370k. That only leaves us $30k for any upgrades to the house, pay for any lot fees if we choose a bigger lot, and for room to roll closing costs into the loan if we don't have enough saved up. + +Is it worth it to build this year? Buying a house is just as crazy as building. Nothing in our area stays on the market for more than 24 hours before there is an above asking price offer on it. Should we wait another year for the market to go down? Or would it be worth building this year? We would be using a VA mortgage and we both have good credit. + +Edit: + +Just wanted to thank all of you for answering!! I have gotten really good insights, and have realized there is honestly no straight answer on if it's better to wait or not. I am very surprised at how many people have answered this, and I am appreciate all of you for taking the time to answer me. + +My husband and I decided that we will wait until May and see what our contractors prices are. If it's under $250/sq.ft. we think it would be worth it. Our area's average (before COVID) was $180/sq.ft. for new construction. Would rather pay a bit more to get our dream house than wait and miss out on the opportunity. +Agent Fox Mulder is laying in cover, on a small hill, in the tall grass. + +He can’t make sense of that green light, pulsing, and calling to him. Scully has run, she had seen it too. “It’s too big Mulder, it’s too big for us. We’re not ready!” + +Mulder, for the first time since the abduction of his sister, felt genuine terror. The green pulsating light kept calling to him but he could quite make out clear words of it. Bi……..s….. Bi...g…..s, he thought he heard. It reminded him of that twitter post he had seen a couple of days prior, which subsequently lead him to find out about donations made to animal shelters. + +Grabbing his gun, he finally gathered enough courage to get closer. Slowly he crawled down the hill he was laying on. The green light was so strong, he couldn’t see what its source was, but kept going, slowly realising that he was alone with whatever was there. + +The closer he got, the clearer it is. It is growing. It is growing fast. + +Squinting his eyes, he finally sees it. + +***Bingus.*** + +He had spent years researching the existence of this mythical, evasive entity. He had seen everything, from werewolves to vampires to shapeshifters. Even aliens weren’t a mystery to him anymore. But he wasn’t ready for this. + +Suddenly, he felt his mind collapsing, taken over by an overwhelming amalgam of images, which gradually melted into his memories. **Bigger and bigger donations. New website. Over a 1000 holders. Over a 1000 members on the telegram chat. TikTok videos.** weirdly he felt an absence of whales. And the green light, now a well defined, **ever climbing chart line.** + +Finally, he understood. **Bingus** was the way. He felt himself ascending to a different plane of existence, where **Bingus** would look over all his **Bingus** Dinguses, taking care of them, forever, while simultaneously doing everything in his power to help out any other lifeform too. + +And to this day, if you pay close attention, you’ll hear Mulder, peacefully repeating his newly acquired mantra: **Join Bingus or be a Dingus**. + + +**Agent Fox Mulder’s FINAL REPORT:** +============================== + +Day 9 of the appearance of Bingus, I followed up on a [tip](https://imgur.com/gallery/8AFqTrn) that was sent to me anonymously. I write this report to the best of my knowledge and as accurate as possible. + +**The third shelter donation has been made!** + +**An audit is scheduled and will be released soon!** + +**Holders:** 1800 + +**Market Cap:** $5M + +** **New Donation** ** - Donation Receipt 3 ($3000): [https://twitter.com/bingustoken/status/1381103970383491072?s=28](https://twitter.com/bingustoken/status/1381103970383491072?s=28) + +**Donation Receipt 1 ($350):** Wright-Way Rescue [https://imgur.com/GjMOBt5](https://imgur.com/GjMOBt5) + +**Donation Receipt 2 ($1000):** Forgotten Animals [https://imgur.com/a/Evvmvah](https://imgur.com/a/Evvmvah) + +**Website:** [https://bingus.finance/](https://bingus.finance/) + +**PancakeSwap:** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +Credit to @DannyBingusDingus on our Telegram for coming up with today’s lore. He’s part of the core team and super creative! +And credit to Kiddi Kingus from out Telegram for making the X Files meme. + +Stay tuned for more story times coming from Bingus! If you have any memes, art, or pictures of your cats then upload them to r/abingus and you might see them in a future post! Please mention original artists of it’s not yours so we know who to credit. + +Posting of your cats in the Telegram is highly encouraged, expect to see other holders replying with pictures of their own cats! + +**Social Media Links** +================== + +**Telegram:** [https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +**Twitter:** [https://twitter.com/BingusToken](https://twitter.com/BingusToken) + +**A Twitter Post Showing the Power of Bingus in Action:** [Forgotten Animals’ tweet](https://twitter.com/forgottenanimal/status/1380265449049485322?s=28) + +**Discord:** [https://discord.com/invite/qKdZdd558F](https://discord.com/invite/qKdZdd558F) + +**Chart:** [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**BSC Scan:** [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**AMA featuring the devs BINGUS and MJ:** [https://streamable.com/kk8755](https://streamable.com/kk8755) + +**Locked liquidity (RUGPROOF):** [https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&amp;amp;amp;amp;amp;amp;amp;amp;add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&amp;amp;amp;amp;amp;amp;amp;amp;type=lplock&amp;amp;amp;amp;amp;amp;amp;amp;chain=BSC) + +The roadmap is on the way as well as plenty of news to keep everyone happy. The best place to find out first it’s Telegram, make sure to read the pinned posts. + +**Also check out one of the best projects on the BSC** + +Bogged.Finance: [https://bogged.finance](https://bogged.finance/) and their Telegram: [https://t.me/bogtools](https://t.me/bogtools) +i know this is not direct to gamestop and i dont hold any shares in popcorn but i just like listening to conference calls, + +&#x200B; + +the thing is ceo was talking about gamestop and computershare, but what i want to point out is that as soon popcorn ceo received a question about computershare and started to talk about it he imediataly received a phone call from someone, i could clearly hear him pick the phone to check who was calling and he put his phone down and making that sound when you slightly slam your phone on to a desk , and then shortly after he stopped talking about computershare, i might be tinfoil hatter but this is what took my attention + +&#x200B; + +edit, we all know that institutions are listening to conference call's, the timing was odd because i was surprised that he was talking about computershare and he sort of shut the question down after he received the phone call, guys i think they dont like DRS + +&#x200B; + +edit 2 : the question was for popcorn to provide the share numbers of DRS'ed shares and holders, and popcorn ceo was talking about benefits of DRS and that no one can short DRS'ed shares when the phone started ringing, ha + +&#x200B; + +link to a video during the call [https://www.youtube.com/watch?v=Lmyd4ObQ3LU&t=2988s](https://www.youtube.com/watch?v=Lmyd4ObQ3LU&t=2988s) + +&#x200B; + +edit 3 : and also i didnt like that after the phone ring he started talking about elon musk, i mean why ? he also called our stonks MEME stocks, whe are not a meme, also he mentioned Ryan cohen and some weird stuff witch i found incoherent ramblings after the phone rang +EDIT - wow can I just thank thank you?!? For all the lovely people and honest, genuine advice! I really do appreciate it, any information is a blessing as I am very fresh to this. Thank you all so much! ☺️ + +Hi all!! + +I have just officially paid off £1,700 that I owed on a 30% apr credit card. Feels great! + +It has made me so anxious the last year or so. I pay my car off this month on PCP and then I will own that. + +I still live at home with my parents but they want me moved out by the end of the year (I’m 21). I have around £1,300 in a help to buy isa currently. + +What should I do?? Should I close the credit card? I feel it causes more harm than good. I’m just so lost and feel like I don’t even know where to start!! +Since this post([https://www.reddit.com/r/fatFIRE/comments/lpeuj6/came\_too\_fast\_reach\_our\_number\_today/](https://www.reddit.com/r/fatFIRE/comments/lpeuj6/came_too_fast_reach_our_number_today/) 5 months ago, our investment accounts been highly volatile. For example: two of our investment accounts are down 1M (offset by investment/RSU gains in other accounts) since peak in Feb due to China regulation panic and growth stock dump while overall indicies are making all time high. In the span of last week, these two accounts went down by 300K, these volatilities are no joke. Overall our net worth remain 7.3M as of today, similar amount to 5 months ago, but experiencing heck of volatility. + + +Spouse is still on target to RE end of this year and will be walking away from 3M RSU. I am thinking of exiting end of next year and will prolly be walking away from 600K RSU. Spouse enjoys the job but has a burning hobby to pursue, so not really interested in trading time for more money. + +Few things causes me not feeling the psychological safety of savings meeting the spending: + +1. We have a large margin loan in our investments accounts that has yet been deleverage (not really want to either, because we like the positions) +2. Volatility of the market, and I think volatility will continue to increase. +3. Unknowns. + +Out post tax needs is 150K, maybe expand cushion to include 200K pretax. It feels crazy that a drop in one week is our two years spending needs. I know all the math covers these spending numbers, but the market is giving me psychological unease. Anyone has similar numbers and took the RE dive with tales to share, hopefully more positive tales thank negative tales. +First, I'm not a financial advisor and all of this is a combination of opinion research articles and a great deal of research by others. + +&#x200B; + +**Helm's Deep: The Repo Market** + +&#x200B; + +So, one may be wondering especially since the recent quarterly losses were released how does a hedge fund remain **Liquid** this long and continue to have the **leverage** required to short the stock? (Spoofing is also happening). + +&#x200B; + +[Liquidity in Select Futures Markets (cftc.gov)](https://www.cftc.gov/sites/default/files/idc/groups/public/@economicanalysis/documents/file/oce_liquidityfuturesmarkets.pdf) + +&#x200B; + +[Recent diminishing liquidity](https://twitter.com/HideNotSlide/status/1381603503659958272?s=20) + +Thus far, we have seen an obvious need to additional liquidity for hedge funds, typically in the form of cash. But where would one get this cash and who would be give it to these hedgies. Well, it is the large commercial banks of course! The banks foresee the future and are playing the long game, they know **Inflation** is coming... Meanwhile the Fed has backed **Treasury bonds!** So, what the hedgies have done is actually outright buy treasury bonds and exchange them in a **Swap** through the **Repo Market** to gain additional liquidity. Of course banks get interest on that!**.** Hedge funds have been **Re-hypothicating** these treasury bills between one another and exchanging them for liquidity in a never ending loop to banks. At some point this strategy will run dry. + +&#x200B; + +[Visual Explanation of Repo Market](https://www.youtube.com/watch?v=fttA-rNRYG4) + +&#x200B; + +&#x200B; + +&#x200B; + +[Chart courtesy of u\/jsmar18 ](https://preview.redd.it/oaaufjalnds61.png?width=551&format=png&auto=webp&s=f540c2bb27e818f1bbc866e6a4c75b3a2f7f3cea) + +[Amazing DD about Michael Burry's last post](https://www.reddit.com/r/GME/comments/mil875/michael_burry_handed_us_the_missing_piece_on_a/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +&#x200B; + +In the recent release by the Fed they explore alternative options to buying treasury bills as well there was such a problem with them **in terms of their yields**. So, it will be important to follow what the Fed does next as far as how they continue to prop up this economy. In a recent video Steven theorizes that the Fed is going to transition into **long bonds market**, which may not be good to the liquidity of said hedge funds as they seem almost entirely reliant on the Repo market to gain access to additional liquidity. + +&#x200B; + +[Steve explains Fed transition](https://youtu.be/V5RPYmt2bYA) + +&#x200B; + +Second, another strategy that's being used is the OTM options strategy or **Doom Options** as revealed by Dookie Dimez [(Twitch)](https://www.twitch.tv/dookiedimez). The credit risk is of significant importance in the current financial market. For instance, unlike most financial institutions whose long-run performance is affected by the tail-risk induced extreme negative return, hedge funds focusing on trading credit risk are able to obtain tremendous return during critical periods, such as 2020 Covid-19 outbreak, 2012 European debt crisis and 2008 global financial crisis. These hedge funds mainly choose **Credit Default Swap (CDS) or Deep Out-Of-The-Money (DOOM)** put option to trade the credit risk, utilizing the **leverage**. + +&#x200B; + +[Great paper on Doom Options & Credit Default Swaps](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3523051) + +&#x200B; + +&#x200B; + +**Two Towers: Blackrock & Vanguard** + +&#x200B; + +This Saga is one of a **liquidity** issue: It comes in the form of collateral, swaps, derivatives and cash. + +&#x200B; + + A Short Selling Example + +&#x200B; + +It is natural to wonder how there can be a higher short interest than the total number of shares outstanding. The answer is that the same shares can be lent over and over again. Here is an example: Short sellers need to borrow shares in order to deliver them to buyers. Suppose that Shareholder #1 owns 100 shares. Shareholder #1 is more than happy to take some money from the short sellers by renting out the shares to Short Seller A. Short Seller A sells the borrowed shares to Shareholder #2. Likewise, Shareholder #2 is happy to take money from short sellers by renting the shares to Short Seller B. Short Seller B sells the shares to Shareholder #3. Shareholder #3 does not lend out the shares. Notice that in this example there are 300 shares of long positions (Shareholders 1,2, and 3) and 200 shares of short positions (Short sellers A and B), but only 100 actual shares outstanding. This does not break any current US rules. However, just because the current practice does not violate present rules, the question remains whether extreme levels of short interest **jeopardize the operation of a fair and orderly market**. In particular, that an inevitable short squeeze develops that would result in dislocation in prices. For example, suppose that Shareholder #1 decides to stop lending out shares and demands the stock back. In that case the short seller would typically attempt to borrow the shares from someone else. However, if the short seller cannot find another stock loan to replace the original loan, the short seller must purchase the shares. If the short seller buys the shares from Shareholder #2, then Shareholder #2 will recall the shares, forcing Short Seller B to purchase the shares. + +&#x200B; + + Collateral + +&#x200B; + +This forced purchasing can cause prices to **skyrocket** in what is known as a **short squeeze**. Note that short selling creates the equivalent of a **derivative market** in the shares. This example is essentially similar to a situation where there is one shareholder (#3) who owns 100 shares with voting rights. In addition, there are two other long investors (#1 and #2) without voting rights who are engaged in contract similar to an indefinitely-lived contract for differences where they exchange the daily gains and losses with the party in the short position. When a short seller borrows shares, they have to put up **collatera**l and that **collateral is adjusted every day** to reflect changes in the value of the shorted security. Thus, the short seller and the stock lender exchange the gains and losses daily on the borrowed shares. In a **futures contract**, both sides put up collateral known as margin, and it is adjusted daily to reflect gains or losses in the underlying contract. Thus, the long and short side of the futures contract exchange the gains and losses daily. This has strong implications for the regulation and taxation of short positions. It is clear that a very high level of short interest increases the risk of a dislocation in prices. What is not clear is what, if anything, regulators should do about it. The CFTC and the futures exchanges sometimes impose position limits in futures contracts to prevent dislocations in prices. It is tempting to consider imposing futures-style position limits on short selling. For example, additional short selling could be restricted when the short interest reaches a certain level, say 100% of the shares outstanding. This is an area in which there needs to be additional research to determine the extent of the risk. + +&#x200B; + +&#x200B; + +&#x200B; + +**Arbitrageurs** use short selling to make sure that the prices of ETFs purchased by retail investors properly track the baskets of securities inside the ETFs. Directional short sellers (Not evil Melvin/Shitadel short selling) can bring in information and can help to prevent overvaluation of stocks that would harm investors. Market makers and bona fide arbitrageurs should be exempt from such restrictions. Any restrictions should only be imposed after careful economic analysis. + +&#x200B; + + Taxes + +&#x200B; + +It turns short sellers still have an **economic incentive to stay short** even after a stock has declined. The reason for this incentive is simple: **taxes.** The IRS generally taxes stock trades a position is closed out and the profit or loss is realized. This makes sense for long investments as the cash is usually received when the stock is sold. For a successful short sale, however, the short seller has received the cash long before the position is closed out. This is a result of the collateral adjustment that occurs in the stock lending market. For example, suppose that a short seller decides to short A Company which sells for $100 per share. They borrow shares from Friendly Index Fund and sell them. As part of the stock loan agreement, the short has to put up 102% of the value of the borrowed shares, or $102. On the settlement day, the shorts put up as collateral the $100 proceeds of the sale and $2.00 of their own cash. This collateral amount is adjusted every day. If the stock goes up by $100 to $200 per share, the shorts have to put up another $102 per share in cash as collateral for the increased value of the shares that they owe. However, if the stock drops to $1.00, the collateral amount drops to $1.02. The shorts would get a cash refund of $100.98 of the collateral. However, they have not closed out the position and officially realized their gain, so no income taxes are due on the profit despite the fact that they have received the cash. Now the short has a decision to make: They already have their profits in hand. If they buy the shares at $1.00 and close out the short, they would have to pay income tax right away on the $99 profit. If they don’t close out the short, they can defer paying taxes on their profit indefinitely. The short thus has an economic incentive to never close out the position. The short seller’s idea of a good time is not for a stock to go bankrupt and be cancelled, but for it to become a penny-stock zombie forever. + +&#x200B; + + Misaligned Incentives + +&#x200B; + +**Futures contracts** act similarly to short equity positions in that gains or losses are immediately reflected in changes in the collateral, also known as margin, that investors must put up. The IRS marks futures contracts to market at the end of each year, meaning that any profit or loss that occurred during the year would be taxed in that year. Short positions should also be marked to market each year by treating them as if they were closed out on the last day of the year. Thus, their profits or losses would be taxed each year. This will result in modest additional revenue for the government as the profits are realized for tax purposes sooner rather than later. Most short selling helps maintain market quality by proving liquidity and information to the market. However, not every short seller is an angel. There have been shorts who disseminate false or misleading information about their targets. Even worse, there are shorts who actively seek to interfere with the operations of the companies they have shorted. Perhaps the worst example is that of the famous Contac poisoning case, in which a poisoner tampered with Contac cold medicine hoping to benefit from a drop in the manufacturer’s stock price. Removing this tax break for short sellers would take away the incentive for them to never close out a position. This removes the incentive for them to continue to denigrate firms even after their previous investment thesis has been realized through a decline in the stock price. + +&#x200B; + + Failure to Deliver + +&#x200B; + +Sometime sellers, both long owners and short sellers, **fail to deliver** the sold shares on the normal settlement date, which is the second business day after the trade (“T+2”). Fails to deliver can occur for a number of reasons. Some of these are operational snafus that are normally resolved quickly. At other times, short sellers have not borrowed shares and thus cannot deliver them. This sometimes happens even if they think they have located on the trade date shares to borrow on the settlement date only to discover later that the promised shares are not available. In 2008, the SEC implemented Rule 204 in the midst of the financial crisis to deal with the endemic settlement failures that had been plaguing our equity market. Prior to Rule 204, the US was very lax when stocks were not delivered on the settlement date. Usually, the shares would show up sooner or later, so buy-ins were rare. Unfortunately, this system was abused by short sellers who were too cheap to pay to borrow shares in the proper fashion. Buyers of shares were forced to wait for their shares; they were effectively forced into make involuntary stock loans at below-market rates. Large failures to deliver persisted for months for many companies, even in the stock of the NYSE itself. In October 2008, the SEC rightly put its foot down and instituted Rule 204T as an emergency measure. The hastily adopted rule contained a draconian requirement to deliver the shares on the regular settlement date, or else be bought in immediately.30 Later made permanent as Rule 204, it requires a buy in at any price without any regard to the impact on a fair and orderly market. This knife-edge delivery requirement plays into the hands of manipulators who engineer short squeezes that disrupt our market. The rule did, however, clear up the bulk of the settlement failures that plagued our system. One may be tempted to cheer the price spike that can occur during a short squeeze as a well-earned comeuppance for short sellers. Once again, innocent bystanders such as retirement savers in index mutual funds get hurt (Not Retails fault but Shitadel & Melvins). Furthermore, all short sellers are not evil blood-sucking vipers plotting the demise of sound companies. Indeed, very few of them are. **Legitimate market makers who shorted as part of legitimate market making can also suffer serious losses**. + +&#x200B; + + Treasury Market + +&#x200B; + +The prospect of such potential losses makes them less willing to provide liquidity in such issues, leading to higher trading costs and **higher volatility** that harms all investors. Legitimate arbitrageurs who keep ETF prices in line with the underlying basket can also be collateral damage. A mandatory buy in at any price is not the only way to deal with a failure to deliver shares on the normal settlement date. The US Treasury bond market uses a different system. They charge late fees, just like many libraries do. The equity market should learn from the **Treasury market** and impose suitable late fees instead of immediate mandatory buy-ins at any price. Relaxing the “buy-in-at-any-price” rule will alleviate some of these price dislocations when buy-ins occur. The late fees should escalate with the length of the delivery delay and need to be stiff enough that market participants will only delay delivery in exceptional circumstances. Those failing to receive should still have the ability to force a buy in if they desire + +&#x200B; + + FTDs on GME + +&#x200B; + +**Fails to deliver** occur routinely in most stocks on any business day. They are generally quite small. The fear of a forced buy-in generally motivates most sellers to deliver on time. Under Rule 204, market makers have three additional days to deliver shares before being bought in. In January, 2021, the median stock reported fails of 1,457 shares on a day. 32 The numbers are skewed, however, with an average of 43,070 shares on a day. The total number of shares that were sold and not delivered on the settlement date peaked on January 22 at 2,099,572 shares or 3.0% of the 69 million shares outstanding. On that day, GameStop closed at $65 per share. As a percentage of trading volume, the failures to deliver peaked at 16.1% of the 4.9 million shares traded on January 5, 2021 when GameStop closed at $17. It is worth noting that there were relatively few fails attributable to the trading on January 27, when the price dislocations in GameStop hit their closing peak of $348. + +&#x200B; + +&#x200B; + +&#x200B; + +Indeed, fails to deliver fell dramatically on January 27, from 1,032,986 shares the day before to 138,179 for trading on the 27th. 34 The reason for this reduction is unclear, but is consistent with trading on the 27th either through forced buy-ins or the fear of forced buy-ins. This buying activity undoubtedly acted as an accelerant to the upward price dislocation in the price of the stock. The fails to deliver fell again on January 28, from the 138,179 of the day before to 10,975. That was the day upon which GameStop hit its intraday high of $483. Again, the reasons for the reduction are unclear but could represent forced buying due to buy-ins or the fear of buy-ins. Indeed, On January 28, the stock became extremely hard to borrow. The buy-ins and the inability for short sellers to borrow shares that day undoubtedly contributed to the extreme price levels reached by the stock. + +&#x200B; + +&#x200B; + +&#x200B; + +1. **ETFs are ‘untested** + +&#x200B; + +**The argument**: ETFs have exploded in popularity since the financial crisis that began in 2007 and sent the Standard & Poor’s 500 index into a bear market. (A bear market is a period when losses surpass 20% from the market’s most recent high.) The ETF market of today hasn’t experienced a market crash and could be vulnerable in the next one. + +&#x200B; + +**The reality**: The part about ETFs growing in popularity is true: As of January, more than $3.5 trillion was invested in ETF assets in the U.S., up from $498 billion in 2008, according to data. That sevenfold increase supports the argument that many more people are invested in ETFs now than a decade ago. + +&#x200B; + +As for being untested, well, not so much. While the growth in ETF assets has coincided with the current bull-market cycle, there have been opportunities for ETFs to be tested even if the market hasn’t succumbed to a prolonged sell-off. + +&#x200B; + + Flash Crash + +&#x200B; + +There have been opportunities for ETFs to be tested even if the market hasn’t succumbed to a prolonged sell-off. + +&#x200B; + +Most notable were a couple of “flash crashes” — one in May 2010, the other in August 2015 — when the market fell sharply and quickly and ETF prices weren’t trading in lockstep with their underlying assets, as they’re supposed to do. + +&#x200B; + +2. **ETFs are less liquid than you think** + +&#x200B; + +\*\*The argument:\*\* Investors have a false sense of security in the liquidity of their ETF investments, or how easy they’ll be to sell when the time comes. This could be problematic when a lot of investors are trying to sell at once. + +&#x200B; + +**ETFs and long-term strategies** + +&#x200B; + +Fretting about how ETFs will fare in a market downturn (spoiler alert, they’ll most likely go down in value) isn’t fruitful, especially if these assets are part of a long-term investment strategy. This means less relative shares for Shitadel and friends to short. + +&#x200B; + + Price Dislocation + +&#x200B; + +Credit ETF price dislocations create the potential for interconnection and **contagion risk** if these products are used as near cash substitutes, or low duration secure investments (like money market mutual funds (MMMFs)) in the liquidity operation of other institutional investors hold credit ETFs as **cash or near cash substitutes**, and if they receive redemption requests on their funds they may have to **liquidate other assets if the near cash substitutes have fallen in value**. This contagion risk resembles the contagion risk experienced in the 2008 crisis when the Reserve Primary Fund (the oldest MMMF in the U.S.) “broke the buck” due to exposure to toxic Lehman Brothers commercial paper - facilitating a run on the MMMF market by investors who feared they held a cash substitute that wasn’t redeemable at its par value. Prior to March 2020, there was emerging evidence that low duration credit ETFs were also being used as MMMF “substitutes.” + +&#x200B; + + The Fed + +&#x200B; + +**The Fed’s aggressive intervention** undoubtedly calmed markets and eased investor concerns, yet heightened investor confidence manifested in massive funding inflows to BlackRock ETFs which were already some of the largest of their kind in the market. Thus BlackRock emerged as a financial, and literal profit, benefactor of government intervention due to a product with inherent fragilities that it put into the marketplace. BlackRock has become **extremely influential with the government** –and was described recently by one reporter as “the latest chapter in a decade long shift in the financial power structure, with the largest asset managers gaining ground on Wall Street banks. + +&#x200B; + + PIMCO & Blackrock + +&#x200B; + +The world’s largest asset manager was recently tapped to manage the **Federal Reserve’s corporate bond buying program** during the coronavirus pandemic, alongside Pacific Investment Management Co (PIMCO) AKA Bill Gross (Mr. 10 Million Short GME) who also assisted with commercial paper purchasing, BlackRock’s job came in the form of no bid contract with the Fed to handle its secondary market corporate credit purchasing facility, including primary market corporate bonds (newly issued debt), secondary market corporate credit products (publicly traded bonds and ETFs, including junk bonds) and agency issued commercial mortgage backed securities through Fannie Mae, Freddie Mac and Ginnie Mae. **BlackRock has directly benefited from the Fed’s invention in the credit ETF market**, using its influence to steer the purchases of numerous BlackRock issued ETFs, and reaping significant residual fee-benefits from resulting investor surges into twenty seven of the firm’s funds (all of which were deemed eligible for the Fed’s buying program). + +&#x200B; + +&#x200B; + +&#x200B; + +The asset management landscape has evolved to include a diverse and complex array of intermediation including conventional asset managers with retail accessible investment products, like mutual funds and ETFs which product class is dominated by the “giant three” U.S. firms BlackRock, Vanguard and State Street Capital. Exchange traded funds are likely the most successful post-2008 crisis financial product, with sector growth aided by **regulatory accommodations**. + +&#x200B; + + The Big 3 + +&#x200B; + +The largest investment fund The asset management landscape has evolved to include a diverse and complex array of intermediation including conventional asset managers with retail accessible investment products, like mutual funds and ETFs which product class is dominated by the “giant three” U.S. firms **BlackRock, Vanguard and State Street Capital**. Exchange traded funds are likely the most successful post-2008 crisis financial product, with sector growth aided by regulatory accommodations. The largest investment fund managers control a breathtaking, and unprecedented amount of capital, with recent reports noting the aforementioned “giant three” respectively controlling, through intermediated holdings, over **$19 trillion in assets – or nearly 10% of the global financial market.** + +&#x200B; + + Shitadel Plumbing + +&#x200B; + +There is also a complex network of for-profit market intermediaries who run the plumbing, and continual functioning, of the financial system, including high frequency trading (HFT) market makers like Shitadel, who dominates a material share of the market making and trade execution business in U.S. equity and options markets, and Jane Street, one of the key participants in the **arbitrage ecosystem** powering the effective operation of an ETF. + +&#x200B; + + No Good Crisis Goes to Waste + +&#x200B; + +Before the coronavirus crash in March 2020 there was growing evidence that firms, and other institutional investors were using **ultra-short duration credit ETFs as cash and near cash substitutes**, in their **liquidity management operations**. The price dislocations in credit ETFs during the coronavirus selloff are fundamentally derived from the fact that these investment credit products perform a liquidity transformation by packaging over-the-counter, and often thinly traded bonds and loans into instantly l**iquid secondary market product**. These products work, until they don’t, and history shows us that liquidity transformation often leads to governmental intervention and support in a crisis + +&#x200B; + +The **“global doom loop”** was perpetuated during March 2020 coronavirus pandemic financial crash, and further illustrates the government’s willingness to use aggressive liquidity measures to intervene in financialized products that generate system-wide instability. In addition to propping up unravelling bond and credit ETF markets, the Fed acted as a “**the world’s backup lender**,” with several reports also remarking on the Fed’s embrace of “**QE infinity**. Financial market participants would “adjust their expectations to include government bailouts should anything go wrong. The success of the interventions encourages more risk taking. This perfectly describes the 2020 Fed bailout of bad corporate debt and credit ETFs, and the perpetual drivers powering the “global doom loop. + +&#x200B; + + Bank of Japan & ETfs + +&#x200B; + +**One main takeaway** from ETFs is that the structure of Vanguard vs Blackrock ETFs are completely different as Vanguard is set up under a **not-for-profit structure** and thus can offer sustainable products where as other ETFs have to scramble to remain liquid by increasing the amount of “junk” they throw into their ETfs to try and stay afloat. Mainly they HAVE to have companies like Exon, Microsoft as there’s a select few that possess this kind of liquidity. Recently We’ve seen funds load up on Treasury Bonds, Futures, Reits, Money Markets, Cash, and even like ARKK ETF Inception. + +&#x200B; + +A good book on Physical vs Synthetic ETFs in an Algo trading world + +&#x200B; + +\[Book\]([https://books.google.com/books?hl=en&lr=&id=\_tQiEAAAQBAJ&oi=fnd&pg=PT279&dq=synthetic+etfs&ots=EDjrKrGJyz&sig=ez6Ia-YQeBam8vYrbN2zfXWvLac#v=onepage&q=synthetic%20etfs&f=false](https://books.google.com/books?hl=en&lr=&id=_tQiEAAAQBAJ&oi=fnd&pg=PT279&dq=synthetic+etfs&ots=EDjrKrGJyz&sig=ez6Ia-YQeBam8vYrbN2zfXWvLac#v=onepage&q=synthetic%20etfs&f=false)) + +&#x200B; + +**There’s no coincidence that Michal Burry had The Big Short in Japanese on his Twitter** + +&#x200B; + +The Bank of Japan (BOJ) has purchased **ETFs and real estate investment trusts (REITs)** since December 2010 to alleviate financial turmoil triggered by the collapse of Greek government bonds. This was initially undertaken to mitigate the risk premium in the stock market. Even though the turmoil in the stock market has subsided, the BOJ has significantly increased its purchases of government bonds, ETFs, and REITs since April 2013 to increase the monetary base and to change price level expectations. We use a synthetic control method to examine the impact of the BOJ's large-scale ETF purchases on stock prices since 2013. The synthetic control method was introduced for economic analysis by Abadie and Gardeazabal (2003), who compared a treated group with a synthetic control group by weighted averaging. We analyze the BOJ's policy effects under settings similar to Abadie et al. (2010), who analyzed US tobacco control. In our context, only Japan is the treatment group, and several other countries are control groups. + +&#x200B; + + Ticking Time Bomb BOJ + +&#x200B; + +This study investigates the effect of the Bank of Japan’s large-scale exchange traded fund purchasing program since 2013 on stock prices using a synthetic control method. They use the stock price indexes of 27 OECD countries as a control group and estimate the time-series data of the synthetic stock price index of Japan. The results show that the index in Japan had increased gradually relative to the synthetic Japanese index from 2013. This result suggests that the Bank of Japan’s intervention in the stock market is **distorting stock prices** and should be reconsidered. + +&#x200B; + +&#x200B; + +&#x200B; + +The Japanese and U.S. long-term interest rates, and that increased uncertainty about the U.S. inflation rate was a factor in the exchange rate depreciation. Based on this discussion, it would be reasonable to conclude that the **BOJ's ETF purchase policy** was the main driver of stock prices in the Abenomics policy package. + +&#x200B; + +Transcript of Grant Williams & Gerard Minack The End Game Podcast: + +&#x200B; + + [Podcast Transcript](https://docs.google.com/document/d/1HXZpeKAZI-CT7o0y0gRY0VZRjh4yNH9x4UprPqoy4Z0/edit?usp=sharing) + +&#x200B; + +&#x200B; + +A special thanks to u/Augrr, u/QuiqueAlfa, and u/moonski for helping with this DD. More info to come! + +&#x200B; + +**Link to my original GME & ETF tracking data set with all 13F data and daily holdings tracked over time.** + +&#x200B; + +\[Original Data Set\]([https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit?usp=sharing)) + +&#x200B; + +**Great discussion about Melvin Capital** + +&#x200B; + +\[Ben Hunt Discussion\]([https://open.spotify.com/episode/1Y2Gu2JD3Jiw82pexXFO0S?si=XYKufyhlRgOA9-4kHYwxQQ](https://open.spotify.com/episode/1Y2Gu2JD3Jiw82pexXFO0S?si=XYKufyhlRgOA9-4kHYwxQQ)) + +&#x200B; + +**The ETF Driven Bubble via Price Dislocation** + +&#x200B; + +\[Price Dislocation\]([https://youtu.be/I4ce1LiuwcA](https://youtu.be/I4ce1LiuwcA)) + +&#x200B; + +**The De-Leveraging Event around 26 min in** + +&#x200B; + +\[Leverage\]([https://www.youtube.com/watch?v=PHe0bXAIuk0&ab\_channel=PrinciplesbyRayDalio](https://www.youtube.com/watch?v=PHe0bXAIuk0&ab_channel=PrinciplesbyRayDalio)) + +&#x200B; + +**Empirical Research on ETF Market Incentives** + +[https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=3802178](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3802178) + +&#x200B; + +TLDR: We can stay apes longer than they can remain liquid. We have a current Central bank driven bubble that will eventually pop. We hope they transition away from buying treasuries to provide hedgie liquidity. The rules of the market require a short seller to cover their shorts. We have a systematic whales that drive up volume particularly around days where FTD’s are high. As for retail traders. Buy and HOLD, grab some popcorn, enjoy the show, and collect tendies. + +# 🚀 🚀 🚀 +The title pretty much says it all. Up until now I’ve been “managing” my portfolio aside from my 401k that’s offered at my job. I want to also have another account that would be ready to pull from in the next 10-15 years (I’m 20). Should I just DCA into the S&P for the next 15 or so years or should I get a professional to pick and choose for me? Pros and cons of either? I’m not really sure what those financial firms do or if they are consistently capable of outperforming the market. Any advice is appreciated, thanks. + +Edit: If I do go the S&P route, what is the next step to diversifying beyond real estate (physical and REITS). +https://cdecker.github.io/lightning-integration/ + +I'm so excited, we are so close to a massive technological leap that will make Bitcoin fast and cheap, and render a lot of altcoins obsoletes, mostly the copy paste altcoins that try to be Bitcoin cheaper and faster. + +It should also centralize capital into the few coins that actually solve different problems with different implementations. + +Finally it should put the final nail into the coffin of the scaling debate. + +Who's excited with me?! +For those who have enough in net worth that they will be comfortably withdrawing less than 1% in FAT retirement, does it really make sense to hold bonds? The current no-interest rate environment aside, if you’re withdrawing so little, or borrowing on margin, is there actually value in holding lower-volatility and lower-return assets? Even a market crash seems like it wouldn’t have much of an effect if you’re making small withdrawals relative to your total principal. If you can just continue to hold your positions, won’t you be better off sticking with the highest returning assets regardless of volatility? + +This seems to fly in the face of conventional wisdom, but maybe that’s just because conventional wisdom isn’t aimed at the UHNW crowd? Or are the traditional recommendations less focused on maximizing returns and more focused on managing psychology? What am I missing? + +Would really appreciate your thoughts, particularly if anyone has seen any useful analyses on this question. +From the age of 18 I started gambling. Worst decision I ever made. I got addicted, spending all my wages in the first few days. As many of you on here have experienced, It’s something that you must stop and go cold turkey completely to get out of. I am now happily 1 year bet free (gamstop is amazing) and trying to recover from the financial hits I took from the silly decisions made. With no real sense of money value, I got myself into a substantial amount of debt for someone of a young age. Now being 21 I am ready to have this paid off forever and I want to learn the basics of personal finance through some solid advice. I was fortunate to be partially bailed out by a close family member, with the promise to pay every single penny back, on the terms I get myself back on track. +I will be completely honest with questions and follow the most solid plan according to you lovely bunch. Let’s get into it shall we? + +_____ + +I am currently in an apprenticeship and get paid on the 22nd of each month with a basic rate of £1176.16 after taxes and pension. I work a second job on top of this taking home at least £120 a week. So this adds up to - £1650 Minimum monthly take home. I also get a bonus of around £500 in March. + +My monthly bills come out on the days after I get paid before the end of the month. + +_____ + +Monthly outgoings: + +£250 to family member / £3500 balance + +£170 Car finance / £9000 balance +Stupid decision buying this car. But I’m stuck with it now and it’s cheap to run. (Zero tax, good on fuel) + +£167 insurance - 8 months remaining +Insurance is high due to an accident with some debris in the road. + +Loan 1 Ikano - £54 / £600 balance (2% interest) + +Loan 2 Halifax - £95 / £2841 / 41 months remaining / £3895 if paid over full term +1 month arrears that I am currently appealing with them due to a payment holiday blip on their side last year. + +CC #1 Barclays - Balance £198 / Limit £200 +“Simple standard rate p.a: 25.78% (29.1% compound equivalent)” + +Phone Bill - £44 monthly +I am aware this can be cheaper and I will look into this promptly. + +Gym - £30 monthly +I’d like to keep this as it is my small escape. + +Fuel - £160-200 monthly +Dependant on different factors. + +Netflix/Prime - £15 monthly + +Rent - £100 monthly + +Klarna - £79 owed for car parts end of November +Car service due end of November - £100 + +_____ + +Experian credit score: 419/999 + +_____ + +I should also mention I have £1600 coming in one go from some overtime in my main job this month. With the £120 weekly from my second job. I really can’t work anymore as my spare time is for studying and coursework! + +I believe that is everything! I am willing to try anything and follow any good plan. + +Please help me, this is in my mind every minute of the day. + +Thank you. + +TL;DR - Gambling debt ruined my teens, want to enjoy my early 20’s debt free. + +Persistent Gamblers if you are seeing this - [Gamstop](gamstop.co.uk) +So, maybe I'm putting a bit to much thought into this, but over the past 5 years for example, Cibc, TD and BMO are all somewhat similar, with 27%, 38% and 47% returns in 5 years respectively. I'm looking to invest into 1 of the 3. Cibc pays dividends of .84 cents quarterly per share, td at .89 cents quarterly and 1.39$ quarterly but the stock is significantly more expensive than cibc or td. + +Would the best bank to invest in be TD, simply based on its middle price / share and dividend payout quarterly vs the bit lower cibc price or way higher bmo price? Or am I just thinking into this to much and pick one of the 3 banks and I'll be happy? +TL;DR: The FED is concerned that banks might not be receiving the full picture from funds, which is not good for proper DD, and in return, banks might be issuing more margin than the fund can handle in a case of an issue. The FED is also warning if funds can't properly communicate what the banks are asking for; it's a big red flag. Basically, these guys are bigger autists than we are when it comes to leverage and Hedgies are Fukt + +Archegos Capital Management, an investment firm heavily concentrated in a small number of U.S. and Chinese technology and media companies, defaulted on March 26, 2021, causing over $10 billion in losses across several large banks, principally outside the United States. The Federal Reserve, along with other U.S. and foreign regulators, initiated a supervisory assessment to understand the actions that led to Archegos' failure and assess any risk-management shortcomings at supervised firms. + +In light of the Archegos default, and in the context of firms' relationships with investment funds, the Federal Reserve is issuing this guidance to remind firms of the supervisory expectations in Interagency Supervisory Guidance on Counterparty Credit Risk Management, and to make firms and industry participants aware of practices that may be inconsistent with safe and sound banking practices.1 This letter is intended primarily for use by banking organizations with large derivatives portfolios and relationships with investment funds, as well as for supervisors as they assess and examine such institutions. This letter is generally not applicable to community banking organizations and banking organizations with insignificant derivatives portfolios or relationships with investment funds. + +The Federal Reserve is concerned with practices where, both at the inception of a fund relationship and, on an ongoing basis during periodic credit reviews, firms accept incomplete and unverified information from the fund, particularly with regard to the fund's strategy, concentrations, and relationships with other market participants. These concerns are heightened where a fund client has a history of concentrated positions and losses. More generally, these practices represent insufficient due diligence and may be inconsistent with safe and sound banking practices. Similarly, when initiating a relationship and on an ongoing basis, firms should obtain critical information regarding size, leverage, largest or most concentrated positions, and number of prime brokers with sufficient detail or frequency to determine the fund's ability to service its debt. If a client refuses to provide this information, firms should consider whether it is consistent with safe and sound practices for them to begin or maintain a relationship with the fund or whether they can use strong compensating measures, such as significantly more stringent contractual terms, to mitigate the risk. + +The Federal Reserve also is reminding firms that poor communication frameworks and inadequate risk management functions, as well as fragmented systems and ineffective governance, hamper their ability to identify and address risk. Risk management and control functions should have the experience and stature to effectively control risks associated with investment funds. Further, both oversight and business groups should review contractual terms and practices relating to internal limits to assess whether they are commensurate with the risk the fund poses to the firm. Firms may consider reputational risk in making risk assessments; when they do so, they should establish a clear connection between such factors and specific financial decisions made by the firm with regard to a specific client. + +Finally, the Federal Reserve is concerned that firms may agree to margin terms inappropriate to their investment fund clients, failing to provide for adequate margin levels or sufficient risk-sensitivity. Contractual terms that prevent a firm from improving its margin position or closing out positions quickly if a fund misses margin calls, even when presented with an increasing risk profile at the fund, may be inconsistent with safe and sound practices. + +In summary, consistent with the guidance in Interagency Supervisory Guidance on Counterparty Credit Risk Management,2 firms should: + +Receive adequate information with appropriate frequency to understand the risks of the investment fund, including position and counterparty concentrations, and either reconsider the relationship or set sufficiently conservative terms for the relationship if the client does not meet appropriate levels of transparency; + +Ensure the risk-management and governance approach applied to the investment fund is capable of identifying the fund's risk initially and monitoring it throughout the relationship, and ensure applicable areas of the firm – including the business line and the oversight function – are aware of the risk their investment fund clients pose to the firm and have tools to manage that risk; and + +Ensure that margin practices remain appropriate to the fund's risk profile as it evolves, avoiding inflexible and risk-insensitive margin terms or extended close-out periods with their investment fund clients. + +Reserve Banks are asked to distribute this letter to the supervised organizations in their districts and to appropriate supervisory staff. The Board is continuing to review firms' weaknesses identified in the above areas and may take further action. Questions may be sent via the Board's public website.3 + +signed by +Michael S. Gibson +Director +Division of +Supervision and Regulation + +Cross References: +SR Letter 11-10, “Interagency Counterparty Credit Risk Management Guidance” + +Link: https://www.federalreserve.gov/supervisionreg/srletters/SR2119.htm +See the [discussion](https://www.reddit.com/r/fatFIRE/comments/f7xff4/what_is_your_equity_multiplier_assetstoequity/) from a year ago for reference. Leverage ratio defined as assets / equity. Taking on no debt will give you a ratio of 1. Previously, answers ranged from 1 to 5...big difference! One year later with a brutal market crash in between, some followup questions we can look back on: + +1. What is your leverage ratio and what asset classes are you using to get there? (Most popular last time seemed to be portfolio margin, real estate, and business loans). +2. What was the maximum drawdown you sustained during the spring market crash? +3. How have you changed your philosophy about using leverage as time went on, or in current market conditions? +Currently I have my sip of ₹ 20,000 in 4 funds +And have a weekly sip which deducts on +7 th , 14 th ,21st , 28 th +(OPTION 1) + +But I thought why not do it different ? +(7, 14 , 21, 28 ) +(6, 13 , 20 , 27) +(5, 12 ,19, 26) +(4, 11 ,18 , 25) + +(OPTION 2) + +But I understand that we need to look at the historical data + +But given the correction that keeps happening in this over valued market , don't you think it's important to buy on dips , Considering the fact now even amc's are not giving same day NAV + +Please share your thoughts +I received an offer letter with with the option to convert part of the salary to stock options as per the below table. Base salary is ₪33K/month (Israeli Shekel). Be aware of '₪' vs '$' in some columns. As of this writing the exchange rate is 1$ = 3.7₪. + +Salary Deduction|Run-Rate Value|Number of Options|%|Value at $3.45B +-|-|-|-|- +₪10,000|$133,333|50.0|0.032%|$1,100,000 +₪8,000|$106,667|40.0|0.025%|$880,000 +₪6,000|$80,000|30.0|0.019%|$660,000 +₪4,000|$53,333|20.0|0.013%|$440,000 +₪2,000|$26,667|10.0|0.006%|$220,000 + +Additionally the letter states: + +Based on current run-rate, price per share is $2,675. + +Exercise price will be at 90% discount of the last (at the time of signing) round price. If you are an American citizen, exercise price will be according to 409a valuation (~$800 per-share). + +**End of Offer Details** + +I would appreciate any help in understanding this information. What I'm mainly confused about is: + +* Does "Run-Rate Value" mean current value or something else? +* Does "Exercise price will be at 90% discount" mean I pay 90% or 10%? +* Does "the last (at the time of signing) round price" refer to the $2,675/share stated above? +* What is the significance of the 4th and 5th columns? +* Does it make sense to forfeit some salary continually and indefinitely, in exchange for a discount in stock? It seems to me, intuitively at least, that eventually the loss in salary deduction will outweigh the gain of discounted stock. +I am an American citizen, what is a 409a valuation? + +Thank you to anyone who can help me understand this. + +Edit - RIP inbox. Sitting down now to read and respond to as many comments as I can. +I live in an urban area and my Facebook Buy Nothing Group is a MIRACLE. The whole idea: people post things they don’t want for FREE. You comment saying you’re interested, and if the giver chooses you, you pick it up! I have gotten furniture, clothing and bags, cleaning supplies, food, holiday things, kitchen supplies, pet things, beauty products… many *brand new*. Also sometimes half used (a bottle of shampoo someone doesn’t like anymore, for example) but i don’t care about that so? It’s great for gifts, daily needs, and the things that pop up are wild. + +My tips and tricks: +1) be really nice in your comment! Use emojis! Be sincere! +2) Offer to pick up asap —within 24 hrs if you can or whenever is convenient for the giver— and follow through. +3) The FB BN groups are determined by area / neighborhood — in my small city there are at least 5. The fancier the neighborhood, the fancier the things that are offered up. You can fudge your address if you need to (they usually ask). That’s at your own risk too — if you get caught, you’re kicked out. Don’t be part of more than one group at a time. +4) follow the group rules to a T, again you don’t want to get kicked out. They’re often heavily moderated. +5) I lurk mine. You want to be one of the first to comment, so I check as frequently as I can. +6) when / if you can, offer things back! They limit the groups to 2k so it does become a community, you recognize each other’s names and things. And you can offer goods / services that aren’t “things” — I did free tarot readings, I’ve seen help wrapping gifts, a singing lesson, a dog walk, an hour of babysitting in a park, a meal. Whatever! We all have things we can offer to each other and I really appreciate that I don’t have to feel like I’m just always taking. + +It’s been truly helpful for me and my budget— huge, huge recommend! + +ETA: it’s a total crapshoot of what’s on there day to day. Some groups are more active than others. Some areas just don’t have them. I believe it’s US only? The range of quality / “used-ness” vs NWT / brands / just what is being offered is wild. Check regularly for a week or two and you’ll get an idea of what it’s like. You also have to be checking your notifications and messages every day— if you get chosen and don’t respond, they’ll move on. But seriously — WORTH IT. I’ve saved so much money. + +Also, typos. Sorry! +My employer told me he would be closing the law firm within two months this tuesday. This Wednesday, he told me Friday would be my last day with the firm. On my way out after my evaluation, of which he stated the cause of my dismissal ( which was not for cause ), he told me not to collect unemployment because other employers look at that and don't hire people. Instead, I should get a bridge job such as working at McDonalds/Walmart while searching for a position relative to my experience/skills/degree. Would he be able to contest my unemployment or is it even a good idea to collect it at this point? +Does anyone here have experience buying property (single family to small multi family such as a duplex) and renting them out to section 8 tenants? + +What has your experience been like? + +What is the process like? What are the risks? + +Have heard that it’s nice to have the guaranteed income from the government monthly and as long as you screen properly you shouldn’t have too many problems with the tenants. +My family loves to go to Disney. We've spent at least 50 nights there in the last decade. There is a complex we stay at most often, it has 3BR/2BA, huge pool, gym, hot tub, restaurant, etc. Off peak, it rents for like $159 night, on peak, closer to $239. It's a sweet deal, about 5 mins from the main gate, right near the outlets, free parking. + +They sell for about $250k, and have a $600/month fee. The fee is probably right on, based on the amenities you get, plus all utilities, etc. + +I don't think this would be worth it without at least some income, which they manage. There is an owners closet, and you mark when the unit is available, and they rent it out when free. Is this kind of thing ever a good idea? +I know we all love HSAs in this community, and thanks to COVID-19, they're about to get just a little bit better. + +Back in 2010 when the ACA was passed, a few restrictions were placed on HSAs to help balance the revenue projections of that law. One of them included a prohibition on over-the-counter medications without a prescription, which makes it a little harder to withdraw money from an HSA without penalty. + +Well, thanks to a very minor technical change that's easy to miss on page 364 of the [COVID-19 stimulus bill,](https://files.taxfoundation.org/20200325223111/FINAL-FINAL-CARES-ACT.pdf) that's about to change. See below: + +* " SEC. 3702. INCLUSION OF CERTAIN OVER-THE-COUNTER MEDICAL PRODUCTS AS QUALIFIED MEDICAL EXPENSES. (a) HSAS.—Section 223(d)(2) of the Internal Revenue Code of 1986 is amended— (1) by striking the last sentence of subparagraph (A) and inserting the following: ‘‘For purposes of this subparagraph, amounts paid for menstrual care products shall be treated as paid for medical care.’’; and..."" + +Now, you probably think that's just about menstrual care products, which is nice but a minor detail. But it's not. Check out that part about striking the last sentence of [subparagraph (A) of Section 223(d)(2)](https://www.law.cornell.edu/uscode/text/26/223): + +* " The term “[qualified medical expenses](https://www.law.cornell.edu/definitions/uscode.php?width=840&height=800&iframe=true&def_id=26-USC-1337390798-1544200607&term_occur=999&term_src=title:26:subtitle:A:chapter:1:subchapter:B:part:VII:section:223)” means, with respect to an[ account beneficiary,](https://www.law.cornell.edu/definitions/uscode.php?width=840&height=800&iframe=true&def_id=26-USC-127757966-1544200606&term_occur=999&term_src=title:26:subtitle:A:chapter:1:subchapter:B:part:VII:section:223) amounts paid by such beneficiary for medical care (as defined in [section 213(d)](https://www.law.cornell.edu/uscode/text/26/213#d)) for such individual, the spouse of such individual, and any dependent (as defined in section 152, determined without regard to subsections (b)(1), (b)(2), and (d)(1)(B) thereof) of such individual, but only to the extent such amounts are not compensated for by insurance or otherwise. ~~Such term shall include an amount paid for medicine or a drug only if such medicine or drug is a prescribed drug (determined without regard to whether such drug is available without a prescription) or is insulin.~~ *For purposes of this subparagraph, amounts paid for menstrual care products shall be treated as paid for medical care.*" + +Ta-da. HSAs can suddenly be used for medical care without a prescription. +I constantly see FB posts about (Australian) parents bragging about spending only $150 a week on groceries for their family or four or five or more. + +We budget $350 a week for our family of four (plus 2 dogs and 2 cats and a gold fish that won’t bloody die). I consistently go over that amount by $200 - 300 a fortnight. + +I don’t know if I should be annoyed, because that money could go into my savings account, or realise I’m being unrealistic about my budget. + +What is your actual grocery budget for your family? + +* I include food, cleaning supplies, pet food, etc in my grocery budget. +I'm trying to wrap my head around how this works: + +So, a buyer purchases a futures contract that they then exercise at the expiration date to receive the given commodity at that price. + +When the buyer purchases a future, do they need to specify a vendor that they are going to exercise that with? How does the futures market match the buyer with someone who will be willing to make that trade at that time? + +For example, if I buy a corn future and have a broker who facilitates it, why would any corn supplier be obligated to honor that price? They never entered into the futures deal. + +With that being asked, how does the selling of a future work from a sell side? A buyer just approaches them and says they'd like to exercise a future at this price--can they decline to provide that commodity? Who dictates which suppliers have to honor that futures price? + +Another question--how does the gain or loss on futures work? I'm reading that the fluctuation in price of a future after purchase (the gain/loss) should offset the price of the actual commodity when it is delivered. How does this work? + +I've tried to find the answers to these questions online, but can't seem to find anything definitive. + +Thanks ahead of time for any answers! +I dont know if this really fits. But I'm poor and this is about my finances, so i figured it might work. If not feel free to delete. + +This isnt the first time me trying to fill my car up with gas has gotten my entire checking account drained, but it's the first time it has really messed with me trying to be a functioning adult. I'm so angry that someone decided they wanted my hard earned money for xmas and just slurped it all up. Normally I'd just be mad, but when you spend my rent money to buy your lady $360 in Victoria's secret, and you some sweet $200 running shoes from Dicks, it makes me kind of wish you were dead. I cant pay for therapy this month, but thank fuck you got a $75 mcdonalds breakfast. + +Just in case anyone worries, we managed to get our rent paid up in time so our housing situation is fine thankfully. I'm just livid that everything I needed to pay for was like "hey man you got .08 in an account that had $600 6 hours ago". +If we're going to have him do an AMA, I want to know why he isn't mentioning anywhere that he was the CEO of Rocker Partners, the hedge fund responsible for publishing negative reports for overstock and taking part in Naked Short Selling [overstock.com](https://overstock.com) 16 years ago. + +[https:\/\/en.wikipedia.org\/wiki\/Overstock.com#Naked\_short\_selling\_controversy](https://preview.redd.it/5uhf56ehabz61.png?width=1691&format=png&auto=webp&s=53087da206ebda5d8dc3e1efcf1819295d011412) + +It's mentioned directly in The Wall Street Conspiracy. Wes Christian (who we are doing an AMA with here soon) was the lawyer hired by [Overstock.com](https://Overstock.com) to go against Rocker Partners. + +[https://youtu.be/Kpyhnmd-ZbU?t=3859](https://youtu.be/Kpyhnmd-ZbU?t=3859) + +&#x200B; + +If we're going to go around saying this guy is a short seller but "one of the good guys", I want to know why he submitted a letter through his lawyers, defending short selling to U.S. Senators after the January spike, saying the price was manipulated UP not DOWN. + +&#x200B; + +[https:\/\/www.standard.co.uk\/business\/shortseller-marc-cohodes-strikes-back-against-attacks-in-the-wake-of-the-reddit-gamestop-saga-b918506.html](https://preview.redd.it/5bg1s2zbfbz61.png?width=658&format=png&auto=webp&s=95d276af0e77473ed49840894c5b3e6ceaba1082) + +I want to know if the reason why he's changed his tune against hedge funds has anything to do with Goldman Sachs, who was also involved in the [Overstock.com](https://Overstock.com) naked shorting, shutting down Copper River during the 2008 financial crisis. + +&#x200B; + +[https:\/\/www.institutionalinvestor.com\/article\/b1579dbtsg1bbq\/warren-buffetts-mosquito](https://preview.redd.it/5a9egu3nebz61.png?width=589&format=png&auto=webp&s=4d4e71093fee63260d24346fa473fa5459bf300d) + +I have zero interest in dragging people's past into most things, because 16 years is a long time and people change... but if we're going to have him here, I think we need to have a good reason to believe he is going to be REAL about the dangers of naked short selling, especially since he was arguably part of doing the same thing hedge funds are doing now when it happened to Overstock 16 years ago. If he can't do that, I don't think we should host him for an AMA. He may have a separate perspective, but we get enough media manipulation without inviting it in here. + +&#x200B; + +Edit: Adding this edit. A comment had me looking further and I found this interview. + +[https://www.youtube.com/watch?v=ka8I5wRUBaU&t=82s](https://www.youtube.com/watch?v=ka8I5wRUBaU&t=82s) + +He talks about when he was involved in a suit by Overstock but does not say he was part of Rocker Partners. Looks like the story between him and Patrick Byrne (the CEO of Overstock) is a lot longer than just his time with Rocker Partners. He switched from short to long on Overstock after Patrick Byrne was let go from Overstock. I'd still like us to be critical of his history and I'd still like to know why he thinks Gamestop was manipulated up not down. + +Edit 2: Fixed some wording that caused misinformation. Rocker Partners was sued for a few things but not directly sued for naked shorting. However, they opened short positions (unknown if naked or just short) on the stock right before publishing negative information about overstock. More on this in the wikipedia article posted above. + +Edit 3: See pinkcats stickied comment. I'm leaving this post up for more eyes on it since there are discussions in the comments that have points on both sides. My main point in this post was to remind us we need to be critical of everything and decide if the opportunity for more information is worth the opportunity for misinformation. Thanks for reading, y'all. + +Last Edit: **I am not a mod**. Just an ape. There are a few comments that suggest I somehow gave this impression. Just clarifying, please direct your thanks for the great modding of this subreddit to the actual mods. I am just an ape. +Im trading since ages using the "MACD" indicator and (of course) price action... lately i wanted to implement a simple "MACD" trend follow strategy using [QuantConnect](https://www.quantconnect.com/) and well... it failed and it ended up in a huge loss (backtesting)... i focused mainly on the forex market ( EUR/USD ) + +So i end up with the question if i implemented a mistake or if the "MACD" indicator is a bad decision if you wanna let algorithms trade for you. + +Whats your opinion on "MACD" for algorithms ? What is your experience ? Any tipps and tricks to design a profitable MACD algo ? +I've tried Alpaca and Interactive Brokers, and they're both unbelievably broken: endpoints that are not connected to anything, random outages lasting multiple hours, no API stability, etc. At one point the tech support for IKBR told me their (not-)JSON parser cannot handle single quotes (even though that's what all of their documentation examples tell you to use). + +Is there any trading and market data API out there that's run by competent people? I don't mind paying a subscription. + +EDIT: Some people are fixating on the fact that I described the web sockets interchange format as JSON, when it’s something else that just looks JSON-like. That’s a detail: the point is, if you follow the docs, the examples they give don’t work, the errors it returns aren’t documented, and tech support is like “yeah, the docs are wrong, LOL.” +Guten Morgen to this global band of Apes! 👋🦍 + +A wise man once said, 'Never overestimate an Ape who underestimates itself', or something like that. Well, Apes, I believe we have been vastly underestimated. This time last year, GameStop was on the cusp of the upward breakout that ultimately led to The January Sneeze, and from that moment on I believe the SHFs have underestimated us at every turn. They never thought we'd HODL through $40 when so many bought in above $300. They never thought that we'd be able to pierce the veil of their short positions, knowing that they are hopelessly short on a stock that is stronger than ever. They underestimated the retail revolution that and digital transformation of GameStop, and they certainly underestimated the Apes around the world pulling together to lock the float in our own names via DRS. + +Through the power of our Diamantenhände, we will show them how badly they underestimated us. + +Today is Tuesday, January 4th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$153.86 / 135,50 €** *(volume: 384)* +- 🟩 115 minutes in: $153.80 / 135,45 € *(volume: 309)* +- 🟩 110 minutes in: $153.60 / 135,27 € *(volume: 302)* +- 🟥 105 minutes in: $153.51 / 135,19 € *(volume: 300)* +- 🟥 100 minutes in: $153.86 / 135,50 € *(volume: 290)* +- 🟥 95 minutes in: $154.23 / 135,82 € *(volume: 277)* +- 🟩 90 minutes in: $154.26 / 135,85 € *(volume: 269)* +- ⬜ 85 minutes in: $154.19 / 135,79 € *(volume: 251)* +- 🟥 80 minutes in: $154.19 / 135,79 € *(volume: 251)* +- 🟩 75 minutes in: $154.20 / 135,80 € *(volume: 221)* +- 🟩 70 minutes in: $154.19 / 135,79 € *(volume: 218)* +- 🟩 65 minutes in: $154.17 / 135,78 € *(volume: 209)* +- 🟩 60 minutes in: $153.97 / 135,60 € *(volume: 136)* +- 🟥 55 minutes in: $153.96 / 135,59 € *(volume: 129)* +- 🟩 50 minutes in: $153.99 / 135,61 € *(volume: 89)* +- 🟩 45 minutes in: $153.96 / 135,59 € *(volume: 86)* +- ⬜ 40 minutes in: $153.95 / 135,57 € *(volume: 26)* +- 🟩 35 minutes in: $153.95 / 135,57 € *(volume: 26)* +- 🟩 30 minutes in: $153.92 / 135,55 € *(volume: 23)* +- 🟥 25 minutes in: $153.78 / 135,43 € *(volume: 23)* +- 🟥 20 minutes in: $153.79 / 135,44 € *(volume: 23)* +- 🟩 15 minutes in: $153.85 / 135,49 € *(volume: 23)* +- 🟥 10 minutes in: $153.79 / 135,44 € *(volume: 18)* +- 🟥 5 minutes in: $153.83 / 135,47 € *(volume: 18)* +- 🟩 0 minutes in: $153.89 / 135,53 € *(volume: 17)* +- 🟩 US close price: $152.84 / 134,60 € *($153.00 / 134,74 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1355. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I’ve worked in the banking, financial, business, etc. industries as a debt collector for the past two years. I’m currently interviewing for a legal assistant position with a local law firm. I submitted an authorization for a background check and discovered that they will also check my credit. Should I prepare to not get this job? + +Edit: I appreciate everyone’s help so far. It’s past midnight, so I’m going to sleep. I’ll continue responding in the late morning tomorrow + +Edit: I GOT THE JOB! +So I a few weeks ago I finally decided to move all my ETH to my cold storage wallet. Being a paranoid fuck, I decided to test with a small test-amount first. + +Turns out I had accidentally copy/pasted the wrong address. The test amount never arrived. Thankfully, I only lost about what was then €15. Otherwise I'd have lost all my ETH that I've been accumulating since 2017 which would have made me very angry. + +Just goes to show you how it's really good practice to first do it with a test amount. This technology is still young and you have no protection against these kind of dumb typos. +[https://www.theguardian.com/money/2021/jan/12/mps-warn-buy-now-pay-later-firms-could-be-the-next-wonga](https://www.theguardian.com/money/2021/jan/12/mps-warn-buy-now-pay-later-firms-could-be-the-next-wonga) + +What does everyone else think of this? Personally, I've seen so many options to buy now and pay later, even on very small purchases. It's becoming quite worrying. +Hello again! + +I am back for Part 3 of "Should new investors choose property? Probably not." + +In the past two parts of the series we've knocked some hefty "arguments" made by the pro-property purporters in encouraging people to invest their money into property. Missed the fun? + +Here's [Part 1](https://www.reddit.com/r/AusFinance/comments/pv0tnx/should_new_investors_choose_property_probably_not/) (saving up for a deposit is harder and harder, is the opportunity cost really worth it?) and [Part 2](https://www.reddit.com/r/AusFinance/comments/pzp1ub/should_new_investors_choose_property_probably_not/) (don't give into FOMO and those who say property will go up). + +For those who don't like the long winded style, I got your back. This week's TL;DR and topic is **property maintenance and cashing in... is expensive**. + +Let's jump straight in! + +# The costs of maintaining your investment property + +What does a quick Google search show about the costs of maintaining your investment property? + +1. Interest +2. Rental management fees +3. Maintenance, incl. pest control +4. Landlord's insurance +5. Council rates and land taxes +6. Utilities - water +7. Strata/body corporate (possibly) +8. Other fees + +Let's go through each of these in detail. + +**Interest** is charged on your mortgage. Currently, Westpac is charging a 2.90% comparison variable rate for property investment. For a $500,000 mortgage, this is $14,500 per year of interest. But it's tax deductible just like the rest of the expenses here! Which is good. Let's also assume you're not paying any principal off and it's just interest. + +**Rental management fees**. What's that? Well, you're just a mum and dad retail investor. You've got no clue about property, you just want to get rich. But don't worry: there's a whole industry full of real estate professionals who will assist you manage the property. *Assuming you already have a renter*, the professional property manager might do various tasks such as collect the rent on your behalf, follow up on arrears, conduct the inspection, document the property condition, respond to maintenance requests and organise repairs, liaise with the tenant and perhaps most importantly, keep abreast of all the relevant legislation and regulation. That's quite a lot of stuff. Property manager fees are typically 5-15% of the weekly rent, so let's say 10% to average it out. + +**Maintenance**. You don't think the house would stay perfect forever, would you? Things break, natural wear and tear, or an earthquake might hit or a hailstorm which might just leave a couple of things with holes in them you need patched. Perhaps there's a leaky tap. Recently, perhaps some of the hinges in the kitchen doors have come a bit loose so the door sort of flops out in a sad and helpless way sometimes. A quick Google says there is the "1-4% rule" where you would typically spend 1-4% of the property value per year on maintenance. Note this is just maintenance - this is not a major repair - so think of things also like hiring someone to mow the lawn. As most of us have a mower, let's take a lower estimate and say it's around 1%. For a $700,000 house, that's $7,000 per year. + +**Landlord's insurance.** This is insurance for you, the landlord. Following on from above, things might break in your investment property that aren't due to natural wear and tear. Maybe you let a lovely family with teenage children rent your property which seemed like a good idea until the son had an 18th birthday and his friends smashed a window for some reason, or maybe while on holiday someone broke in and smashed a few fixtures up. Maybe there was a messy break-up and someone punched a hole in the wall (with building standards nowadays, I wouldn't be surprised). Things happen, and as I mentioned last week, we can't predict the future. Rather than fork out yourself in these unlikely events, there is insurance to cover that. I'm sure we've seen the Terri Scheer ads on TV. The amount you might pay for this depends on whether it's a house or an apartment, but let's take a conservative estimate and say it costs around $500 per year to insure your property. + +**Council rates and land tax**. Council rates are a tax you pay to your local government to assist in the maintenance of council-provisioned community initiatives - think sports grounds, leisure centres, waste services, and parks, libraries, and all those good things. These are based on the property value so let's say it's $1,000 per year. Land tax is similar but paid to the state government. Now, land tax is a little bit more tricky because many states have thresholds that the land must meet before land tax is payable. For WA, this threshold is $300,000 but for NSW this is $755,000. This threshold is met in some half-affluent NSW suburbs. For argument's sake, let's also say this is $1,000 per year. + +**Utilities - water**. For those who rent, you will know that water is typically provided free for the renter. This is great for them! For you, the landlord, you're up for it. Per year, let's just say it's also around $1,000. + +**Strata/body corporate**. These fees are paid to an entity which manages an allotment of properties, typically apartments. While your investment property may be on the ground floor, everyone uses the stairs or lift for instance, and you will be liable partially for the upkeep of the building, its surrounds, and the like. You, as a property owner, will form part of the owners corporation and you'll be able to make rules relating to noise, storage, and whatever else. You'll also have to fork out for building insurance (hello Opal Tower!) and if your apartment is in a fancy block with a gym, you'll have to fork out for upkeep of that too. On average, strata is around 0.5% of the property's value per year. + +Lastly, the catch-all bucket of "Other". There are tons of things that you may need to pay for if you are a landlord. It could even be something as trivial as your accountant charging an extra $100 to do rental income disclosures. + +One common mistake, which I'll just latch onto here is that generally these expenses I've mentioned above are **tax deductible**, not tax free. I assume almost all of us here on r/AusFinance are financially literate enough to know the difference, but let's clear that straight away. So for the $1,000 a year water bill, you might be able to get $300 back on your tax return. You still pay $700 out of your own pocket. + +# Cost comparison + +Let's tally all of that up from the last section. + +|Item|Cost (est.)| +|:-|:-| +|Interest|15,000| +|Rental management fee|2,500| +|Maintenance|7,000| +|Landlord's insurance|500| +|Council rates|1,000| +|Land tax|1,000| +|Utilities - water|1,000| +|Strata|3,500| +|Other|500| +|**Total**|32,000| + +Obviously all estimates, but this is a pre-tax figure so you'll be able to claim this back on your tax return. And if you buy a house, you won't be paying strata. + +For a $700,000 property, this represents 4.4% of the value of your property per year pre-deductions. + +Let's compare this to the stock market. + +To make my point, let's say we have a $1,000,000 portfolio of VDHG. How much do I pay per year in maintenance costs? + +A quick look at their website will show you they charge 0.27% per year. Before anyone goes, "Well, they can change the fee", have a look above to the several things I listed as rental maintenance costs and argue with a straight face that for the next 30 years of your mortgage that none of those costs will change. + +This cost is $2,700 per year for our sample VDHG portfolio. And guess what? It's in-built into the price of the ETF. Other than a few extra boxes in your tax return and perhaps some AMIT cost base adjustments to take care of, you can literally just let it sit there and live your life freely. + +Even if you take into account the tax deductions, you're still way over - by a big factor - over the $2,700 per year with ETFs. Even if you argue, "Well, I don't have an apartment so subtract the strata fee", you're still going to be over. + +One other thing to mention: paying off the principal of your loan is *not* tax deductible. + +# Still sounds good, I want in! + +You may look at the above and have dollar signs in your eyes for all those sweet tax deductions. Assuming you already have enough money for a deposit (see Part 1 of the series), it's not that simple anyway. You can't walk into a bank with $200,000 for a million dollar property and walk out with the keys. + +Nope, you'll have to grease some palms with a whole stack of John Monash. What will you have to pay for? + +1. Conveyancing +2. Pest and building reports +3. Buyer's agent (possibly) +4. Home loan fees +5. Stamp duty (possibly) +6. Lender's mortgage insurance (possibly) + +**Conveyancing** is a cost borne by you to arrange for preparing a sale of contract, mortgage, and other legal documents that need to be in place for the smooth transfer of the property title. This may cost you around $1,000. + +**Pest and building reports** are also important. You should ideally know if your new home has concrete cancer or has housed a significant population of termites in the basement. This may set you back around $250. + +You may not need a **buyer's agent**, but most people get one. These people will use their specialist industry knowledge and expert negotiating skills to try and get you a good deal for your potential investment property. They may also provide extra services like letting you know if a property in the area that suits you has just come on the market. Let's say they will charge a fee that is 1% of the final purchase price, so $7,000 for our $700,000 example property. + +**Home loan fees** are a catch-all term for several fees you'll have to pay. You may have to pay an *application fee* to even get started (although this is quite commonly waived), but you'll definitely have to pay a *property valuation fee* which could be around $250. To register the mortgage with the government, they'll charge another $150 odd. + +Speaking of the government, let's talk about **stamp duty**. This is probably the most annoying cost and is the one that catches up most FHBs when they realise they have to save another $20,000 or so to pay for stamp duty (if you don't have an exemption). Stamp duty is a government transaction tax for property purchases. No wonder it's been flagged for review (rightfully so) by several tax experts, it's probably one of the dumbest taxes out there. + +If you are very impatient and you want to get on the property ladder, you may want to go ahead with a deposit that is less than 20%. If you don't have an exemption, you may also have to pay **lender's mortgage insurance** which, as I highlighted in Part 1, is probably one of the stupidest things as an investor you can pay for. It is literally insurance for the lender's benefit, not yours (unless you're that desperate to get on the ladder). With an LVR of 90%, you may have to pay $15,000 in LMI. Is it really that worth it? From an investor's perspective, I do not believe so. + +Let's tally these up. + +|Item|Cost (est.)| +|:-|:-| +|Conveyancing|1,000| +|Pest/building report|250| +|Property valuation fee|250| +|Mortgage registration fee|150| +|Buyer's agent|7,000| +|Stamp duty\*|20,000| +|Lender's mortgage insurance\*|15,000| +|**Total**|8,500 - 43,500| + +For someone on the average full time salary of $90,000 per year, and assuming a savings rate of 30% per month, that's another 4-5 months' worth of saving just for these transaction costs (assuming no stamp duty or LMI). Half that if you're buying with a partner. + +# I'm up! / I stuffed up! : the costs of selling + +Capital growth is not the only way to "make money" with an investment. While you can buy your CBA shares and live off dividends, you can also buy an investment property and have the luxury of your tenant paying off part of your mortgage. We'll look at the income side of the equation in a later discussion. + +The big bucks, however, come about when you sell. + +No matter if you've been duped by some crap real estate agents spouted and you FOMOed into a home you no longer want or if you just want to cash in, you can rake in quite a large pile of the dollars if you sell your investment property. + +Unfortunately, selling your home is not as easy as a click of a button. And in the same way as you going *into* property, you'll have to allow people involved with the transaction to take a cut of your proceeds. These include: + +1. Conveyancing +2. Marketing costs +3. Agent fees and bonuses +4. Mortgage early exit fee +5. Clean up/minor repairs +6. Pest and building report +7. Auction fee (maybe) +8. Home staging (maybe) + +**Conveyancing** shows up again! This will be $1,000 or so. + +**Marketing costs** come up because those large placard-style billboards outside your house don't pay for themselves. Those nice photos as well or cool drone footage? They'll probably get a professional to do those and touch them up so that your property looks extra enticing. This should set you back around $7,000. + +**Agent fees**. After all, you're not the one selling the house. Your agent is! Your agent is doing all this hard work to spruik your property and it is only fair that you pay them for the service. You may even pay a bonus if your property sells over a certain price. Due to a large amount of variability, let's say this will cost you $15,000 (around 2% of the property value with an example home of $700,000). + +**Mortgage early exit fee**. The bank wants a cut too. You signed a contract to pay off a mortgage over thirty years, not three. They accounted for certain cash flows and now they won't get that anymore. To get them off your back, it'll be another $500 or so. + +Before we even get into the specifics, maybe your tenant has left already and you've found there's a small dent in the wall behind where their couch used to be. Or perhaps it's been a month or so since your tenant left and the grass is a little long. To do this **clean up/minor repairs**, it could cost you around $1,000. + +**Pest and building report**. Again?? Yeah, you might want to fork out for this in a defensive play. Your buyer may get one and you wouldn't want to be in for a nasty surprise, would you? So you'll pay up $250 again. + +If you want to sell at an auction, that auctioneer won't work for free. They may charge an **auction fee** which might cost around $500. + +**Home staging** is one I've rarely heard of, but if you're selling a place and your tenant has left the place barren, you'll have to decorate the place to make it look homely and liveable. This furniture and the fittings don't come for free and may set you back around $3,000. + +Let's tally these up again. + +|Item|Cost (est.)| +|:-|:-| +|Conveyancing|1,000| +|Marketing costs|7,000| +|Agent fees|15,000| +|Mortgage early exit fee|500| +|Clean up/minor repairs|1,000| +|Pest/building report|250| +|Auction fee|500| +|Home staging|3,000| +|**Total**|\~28,000| + +That's a lot of money. And unfortunately, you can't sell half your bedroom to fund a small purchase. Nope, if you want to cash in, you'll have to sell the whole thing. + +In any case, you might sell your house for $1,000,000 but if you paid $2,000,000 for it, then you're making a loss. It is not guaranteed that you will sell your house at a profit. Nationally, in the June quarter, 84.7% of units sold at a "profit" and 94.4% of houses sold at a "profit". [https://www.afr.com/property/residential/sellers-reap-millions-as-sydney-house-profits-surge-20210928-p58vay](https://www.afr.com/property/residential/sellers-reap-millions-as-sydney-house-profits-surge-20210928-p58vay) . Does this take into account the transaction costs? Probably not, since these costs are variable. After all, if you don't decide to use an auctioneer, you can "save" $500 off the bat. + +# Summary/Comparison + +If you want to be a property mogul, you'll have to pay up. As we dealt with in Part 1, it's not easy to "get on the ladder". + +Unfortunately, once you get that mythical 20% deposit (or even any deposit), you'll have to pay up with transaction costs. Once you are on the ladder, you'll have to pay maintenance costs. And if you want to sell? Transaction costs again. + +Now, a lot of people are probably saying, "Well, shares have transaction costs too". Well, I'm glad you said that. Let's compare the pair. + +From scratch, we have to first save up. I won't hammer on this point too much because it was the subject of Part 1, but you'll have to save up a deposit. Let's say, it's $100,000. + +Compare that to the ASX. The minimum parcel of your first purchase on the ASX is $500. As someone astutely pointed out last week, "You can buy $2,000 worth of shares, but not $2,000 worth of a house". + +Once you save up the amount for the minimum parcel, you will have to fork out for transaction costs. As we discussed above, transaction costs on the way in can range from around $8,500 to $43,000. To buy shares on SelfWealth, no matter if you want to buy $500 worth or $500,000 worth, is $9.50. + +Supposing you already have a property, we showed above that you may spend around $30,000 per year in annual maintenance and property management fees. Considering the proportion of the asset value to these yearly costs, it is around 4% per year. ETFs also have a management fee. VDHG's is 0.27% per year. This isn't even taking into account the effort you need to do to maintain your property, as I said last week, I could literally slip into a coma for a year and pay my 0.27% management fee because it's in-built to the price of the ETF. If you go AWOL and something really urgent happens to your investment property and your property manager needs to contact you? Bad luck. + +If you want to sell, it's even worse if you have an investment property. These costs are around $28,000, not even taking into account the time it will take for you to find a buyer and arrange all the paperwork and all of that. If I want to sell my VDHG at Friday 4.01pm, I can wait until perhaps Wednesday the next week, depending on public holidays, before I can do so. And in any case, the cost of selling is $9.50 on SelfWealth. + +And for the person who was telling me earlier that "selling a million dollars worth of VDHG will crash the price", note that a million dollars of VDHG is probably 16,000 units. I could literally sell 16 units per "sale" one thousand times and pay $9,500 in brokerage. That's still less than half of the $28,000 estimate in selling a property. Also for education purposes, please read the section on market makers here: [https://www.betashares.com.au/education-investors/exchange-traded-funds-comprehensive-guide/](https://www.betashares.com.au/education-investors/exchange-traded-funds-comprehensive-guide/) . It is literally their job to keep the price within a narrow band so that it reflects the underlying net asset value/index. + +To summarise, a lot of the discussion on r/AusFinance about property hasn't been about transaction and maintenance costs. It's a shame because as we've demonstrated here, they are definitely not negligible and need to be seriously and properly considered by any investor. It is not as easy as "getting on the ladder" and raking it in. Nope, to make the money, you'll have to spend some money. In the case of property, you'll be forking out quite a bit, year after year. + +See you next time, when we cover the income side of the equation (rent/dividends) and the concept of "leverage". +Just a few thoughts about today, from someone who knows very little about investing. + +&#x200B; + +We've seen the sudden spikes in several stocks. Some of us have made bank, some of us have sat on the sidelines wishing we bought (me). + +&#x200B; + +FOMO is being pushed everywhere. Twitter, Reddit, Facebook, News, etc. + +&#x200B; + +For those who are on the sidelines (like me), here are are some of my observations. + +&#x200B; + +Besides some of the major hedge funds, the losses retail investors have endured these last 24 hours aren't being reported. Not everything is a cake walk. + +&#x200B; + +We're in a new era of investing. I personally think we'll see a new FOMO stock pop up once a month. November was TSLA, December was BITCOIN, this month was GME and BB, next month it WILL be something else. Do your research, go through WSBs and actively follow influencers on Twitter. + +&#x200B; + +Lots of great deals to be had. Today was a mostly red day, that means lots of great stocks are at a discount (IMO). CNR, AAPL (how did they not blow up after earnings?!), etc. + +&#x200B; + +Time in the market > Timing the market. Yes, people are making HUGE gains (and good for them) but it's not sustainable. Some will end up losing all their gains, some will make more, some will break even. Stick to your strategy (but, it's also OK to adapt). + +&#x200B; + +Some of us missed this ride, but there will be many, many, many more opportunities. Yolo. +Does anyone else have a problem with being too obsessed? I'm pumping all my income into my portfolio essentially, my expenses are under $450 a month so all money in excess of that just gets saved/invested. + +The problem is that I'm entering mid 20s and haven't really done many things like had a longterm girlfriend, vacationed much or have many hobbies besides stuff that's free/very low cost. I feel guilty about wasting my youth but have trouble spending my money. I get buyers remorse when I spend small amounts anyway, I know this is the wrong attitude as you won't be able to take your portfolio with you beyond the grave but I can't help. + +Are there any helpful strategies you guys use? I want to start enjoying my life without spending everything like the average consumerist. +Big 5 Bank Brokerages: TD DI, RBC DI, Scotia iTrade, BMO IL, CIBC IE. + + +Platforms such as Questrade, Wealthsimple, QTrade, and Interactive Brokers are often recommended on this subreddit and PFC. Big 5 bank brokerages are usually criticized due to their relatively higher commissions/fees. + + +However, Big 5 bank brokerages have pros that may be important to some people. Here are a few: + + +Platform wise: 1) They provide the convenience of instant transfers, 2) some have great advanced features (e.g. TD Think or Swim), 3) their platforms can be relatively more robust. + + +Fees wise: 1) You can get promos of free or commission-free trades, 2) some have student discounts, 3) some have commission-free ETFs, 4) account maintenance fees can be waived (requirement varies). + + +If you are in the market for an investment platform, IMO, big 5 bank brokerages should be considered as well. + + +Thoughts? +I'm moving, and most of the apartment buildings expect to see proof of 3x rent as income. These are corporate-owned buildings, so the people in the leasing office don't have much flexibility in terms of waiving some of those criteria. I'm already looking into privately owned apartments so I can work with the owners directly. But is there a way around this issue? +I’ve been in the workforce for about 8 years as a software developer and I never kept a job more than a year, each year I would jump ship for at least 20% increase in salary. I wanted to try to remain loyal to one company. + +I’ve been with my current employer for 3 years, at a big multinational corporation. During this time my work was exemplary, I even started a new trend in the corporation that ended up rewriting all their 15 year old applications to decrease development cost and enable features, I’ve been a technical lead and voice within the company, took responsibilities that weren’t mine just to get the job done good and fast. + +In return, I discovered that I’m paid half of what the new developers are paid in the project and when I asked for a raise I was called greedy. So I came to realize that loyalty is not paid off so today I quit my job. + +Morale of the story, don’t spend your time in a company if your salary is not matched according to the market standards, even if you love the project, eventually it will hurt you and after all, you are selling your time and expertise. +It looks like it has been about 18 months since the "what do you drive" question has been asked. + +[https://www.reddit.com/r/fatFIRE/comments/bdaf37/current\_cars\_of\_fatfire/](https://www.reddit.com/r/fatFIRE/comments/bdaf37/current_cars_of_fatfire/) + +My guess is with the booming asset values we are going to see fewer Hondas in the comments. + +Also with the number of Teslas on the road more than doubling in the past 18 months (in incredible thought) we will see a whole lot of S 3 X cars (and sometimes Y). + +Maybe to put an extra twist on it, if you are shopping or considering a car purchase, what are you thinking? + +We are in a 2015 Q7 for our family. Thinking about replacing it next year with the new Q7 hybrid. +(Re-post due title title typo) + +Hi All, + +I’d like to simplify my life instead of playing the credit card game. The Chase Sapphire Reserve and the Amex Platinum/Gold seem to be the best Fatfire cards between insurance, points, and service. + +My question is if I wanted to use just one combo for my day to day CSR or Amex, which would be best? I understand Amex service is superior, and Chase has better points back. But are the insurance claim experience differences and service actually meaningful as a difference between the two? Do you use these perks often? + +Im curious if for example the Chase is insurance in name only, and not worth the time filing at the FatFire stage of life. + +I’ve searched the sun-Reddit, but I didn’t find a good answer. + +Edit 1: My initial take, if you value your time and usable insurance over max points, daily spend on the Amex. If you value points with United and Hyatt over non-point perks, daily spend on the CSR. + +If you choose the Amex, you’ll still need a Visa/Mastercard due to acceptance abroad; likely a Chase Sapphire preferred/reserve. or BoA Premium Rewards. + + It sounds like the choice for me will be a combination of the Amex Platinum for daily spend with CSR for dining and backup. + +Alternatively, Amex Platinum for daily spend and BoA Premium rewards for backup/dining. Maybe throw an Amex gold into the mix? +What does tomorrow mean in terms of options expiration? + +* **69.8%** of all **PUTS** 🐻 expire tomorrow (this is all puts across all expirations) +* **55.4%** of all **CALLS** 🐂 expire tomorrow (this is all calls across all expirations) +* The next date with a meaningful amount of calls/puts expiring is 2/18/22 + * **17.1%** (55,583) of all **call** options expire + * **2.9%** (14,064) of all **put** options expire + * This is a **3.95 : 1** ratio of calls to puts + +&nbsp; +&nbsp; +What does this imply? +**The pressure is going to be on in the opposite direction starting soon.** + +&nbsp; +&nbsp; +How can you help? +**Add to this analysis**. I'm sure a lot of people understand options way better than I do and I would be very interested to hear what others have to think about the situation moving forward. + +&nbsp; +&nbsp; +Here is additional info about: +the [puts and calls expiring](https://imgur.com/a/lbbL3LV) + +&nbsp; +&nbsp; +Data source: Yahoo! Finance +My parents recently admitted to me they have $60k in credit card debt. + +The majority of the debt was accrued from medically-related charges for paying hospital bills for my disabled grandmother. I know this was a bad move to transfer the bills to credit cards, but that's what happened and now that I'm just finding this out I'm trying to gather any information I can to help them. + +I've begun initial research, but I just don't know what to trust or the total spectrum of options available for debt relief. I've seen things like debt consolidation loans, but that looks like a potential for another 25% fee on top of the existing debt. + +Does anyone have experience with major credit debt and how did you deal with it? + +Does anyone have any advice for what my parents need to do? + + +EDIT: Additional information: income is $50k, so less than the total debt. I don't know how my mom was able to accrue so much debt with an obviously lower income than what could sustain her paying it down, but it happened. + +Is the only lawyer this would be associated with a bankruptcy lawyer? Or are there other debt consultation services available? + +EDIT 2: I need to clarify some more. The debt is ENTIRELY my mother's (whose income is $50k). She hid this from my dad for their entire marriage (of 20 years). He is not willing to help her with this debt (he's always paid for EVERY bill they've ever had). He has stocks and bonds, and is the homeowner, my mother has no assets outside of her yearly income. How would her filing for bankruptcy affect him, if at all, considering the debt is solely under her credit accounts? + +Anyone else not buying the jump in stocks over the last few days? Unemployment numbers will continue to jump. Everything I am hearing is the state systems are down and I highly doubt that the 3.2 million number is all encompassing. Layoffs will continue well into April as some companies expected to get back to work immediately but are now realizing the case count and death toll is rising even faster than before. I think the whole swath of the south who are following republicans advice and are generally obese will get hit even harder than NYC on a % basis. Furthermore - Cheesecake Factory came out yesterday and said it wasn’t going to be paying its rent. This is the first large company to say this but it won’t be the only one. Many individuals are also doing the same with rent and mortgages. We haven’t even seen the tip of the iceberg. I think we have, at minimum, and additional 30% to drop in s&p 500 and likely greater than 50%. I feel like I am watching the big short and we are at that point where the numbers start going bad but the prices are still going up. +# [https://www.dtcc.com/\~/media/Files/Downloads/legal/rules/nscc\_rules.pdf](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf) + +After seeing u/JustBeingPunny's post [HERE](https://www.reddit.com/r/Superstonk/comments/wfff5l/why_the_dtcc_processed_it_as_a_stock_split_how/) ("*Why the DTCC processed it as a 'stock split', how they helped short sellers and how they created new dividend distribution rules 2 WEEKS before the GME stock dividend*"), I wondered what else the DTCC might have just updated/released before the splividend. + +So I [Google searched the DTCC.com domain](https://www.google.com/search?q=site%3Adtcc.com%2F%7E%2Fmedia%2FFiles%2FDownloads%2Flegal%2F&biw=1728&bih=959&source=lnt&tbs=cdr%3A1%2Ccd_min%3A3%2F3%2F2022%2Ccd_max%3A8%2F3%2F2022&tbm=)\- Only 3 results came back in the last 5 months, one of them being the service guide JBP found in his post: + +The other two: + +* **This "NSCC RULES & PROCEDURES" guide:** + * [**https://www.dtcc.com/\~/media/Files/Downloads/legal/rules/nscc\_rules.pdf**](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf) +* *The "2022 NSCC Fee Schedule":* + * [*https://www.dtcc.com/\~/media/Files/Downloads/legal/fee-guides/nsccfeeguide.pdf*](https://www.dtcc.com/~/media/Files/Downloads/legal/fee-guides/nsccfeeguide.pdf) + * *Probably not a huge document, but including in case anyone is interested as well* + +If this latest **"NSCC RULES & PROCEDURES"** guide is news to the sub, then there are 437 pages of new & updated NSCC rules & procedures released just a couple weeks before the splividend was to be distributed. + +**For the last 15-20 mins, I've been searching the entire PDF for content that's relevant to everything that GameStop just did w/ the splividend, and it looks like there's A LOT in there we want the hive mind to start crawling through.** + +You can bury a whole lotta shit inside 437 pages...amirite Mike Bodson? + +For now, this is all- if anyone finds anything massive I'm more than happy to add to the post body if you'd like. + +&#x200B; + +Happy hunting! :) + +\-E2 + +&#x200B; + +***EDIT: FYI- I searched the sub for this and didn't see it anywhere, so if it's already been posted/discussed, please carry on*** + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Currently in all equities (early 40’s) but thinking about adding bonds (via a bond fund like AGG or BND) in addition to my treasury positions given the rates are still high enough. + +1. Not sure if its a good time to get into bonds now or wait until the Fed is done with rate hikes. + +2. Thinking about getting an intermediate maturity date vs short & long + +3. Thoughts on purchasing a bond fund vs an individual intermediate bond? Pro’s / Con’s + +Thanks. +I thought to get a 35 year term mortgage as a single person. The goal was to overpay and complete payments in 10 years. I guess I went with 35 years as that lessened monthly repayment cost. + +Curious to know what others think? My goal is to overpay from the go and be mortgage free as soon as possible. + +Thanks 🙏 +I used to think I wanted to stop working. But my experience over the holidays has made me rethink that. I had time off over the past 3 weeks, and due to some circumstances, my wife and I spent it at home, without any family. + +It drove me crazy. I found I could not easily relax and enjoy books or video games. I picked up a bunch of projects around the house just so I could have something to do - something to make me feel *productive*. Filling the days was something that began to stress me out. + +Now I'm worried that my desire to stop working has been motivated more by ennui and dissatisfaction than it has by the desire to have more agency over my life. Because, granted that agency, I didn't feel too good about it. + +Don't get me wrong - I have taken long vacations before. In fact, I was out of the country for 6 weeks this summer, traveling. But the level of stimulation on such a trip is definitely higher than just spending time at home. + +EDIT: I've thought about this some more. I think the key issue for me is one of feeling productive. I'm a 9-to-5er, and in my daily life, I have ample time to exercise, read, play video games, watch TV, hang with the wife and such. One of my greatest joys these days is going hiking on Sundays. I also manage to stay on top of a lot of housework, and get minor home repairs done. However - during this 3 week period, I tried to expand all of these things to fit all my waking hours. What this came at the expense of was the feeling of productivity - doing something, moving things forward, building, creating, removing entropy from the world. More gaming and hiking and reading didn't help me with that. Home improvement projects did, but there's a limit to my interest and expertise there. + +So I think the core issue for me is that I need to find some hobbies that allow me to build and create, rather than just 'be'. +I am a retirement and pension actuary, and something about the 4% rule has always puzzled me - why phrase the question as what is the SWR such that the probability of not running out of money after 30, 40, or 50 years is 95%? + +This does not consider 1. starting age, 2. mortality experience, or 3. a stream of income paid over a lifetime instead of a fixed number of years. + +Instead, using a mortality table, one could calculate the SWR starting at age X for withdrawing Y% per year of the initial balance, adjusting for inflation, with a probability of 95%+ of never running out of money over one's lifetime (i.e. instead of a fixed number of years, 30, 40, 50, etc.) + +The way pension math works is that one can calculate an annual payment ("withdrawal") based on an initial account balance, with each payment discounted back to the present day with interest + mortality. For example, one assumes a payment could technically still be made at age 110 if the person lives that long, but it is discounted steeply back to the present day because the probability of living that long might be 0.000001. + +I'm imagining a calculator, assuming a standard mortality, that I would like to build with the following inputs: + +\-Age at retirement + +\-Account balance + +\-Target safety % (i.e. 95% chance of never running out of money). + +\-Return on stocks % + +\-Return on bonds % + +\-Inflation % + +The calculator would then give a true SWR because it considers that 1. you can retire at any age and 2. you might live any number of years into your retirement, including the possibility of extreme ages. + +This is much, much better than choosing an arbitrary 30, 40, 50 year period, because 30 years starting at age 35 is different in mortality experience than starting at age 65. + +Thoughts? +This seems suspect & I have lots of questions i did not ask for the sake of being polite. + +the short of it is, i needed cash for a used vehicle sale. + +I went to go get it. under 10k. + +The manager invites me into her office and explains that they do not have the cash available at that location, nor at the 2 other locations i am willing to drive to. + +She seems very flustered & explains that "with everything going on, we don't have as much on hand as we wish we did." I sit there dumbfounded. basically says to me, because reasons we don't have your money. + +I want to ask, "where does the money go?" "are you telling me that if 9 different people walked in today wanting to withdraw $800 cash, you wouldn't be able to give them their money?" + +now i am in a position where i may lose the car that i desperately wish to purchase, so that i may travel to work, to another buyer whose bank did have their money. + +What are my options here & has anyone heard of anything like this happening before? + +The credit union is ncua insured. + +&#x200B; + +Edit: Thanks everybody for sharing your thoughts. I am now a little less naive about the way banks & credit unions operate! I am going to do the deal with a check from my credit union. +Sorry, I had to bring this up. In almost every thread about credit cards people bring their Dave Ramsey-esque mindset about these evil pieces of plastic that will slaughter your family at night and rape your dog. Maybe not quite that dramatic, but you get the point. + +The problem is not that the banks are out to steal your money (well, I'm sure they would love to) or that the system is rigged against you. It is that you can't look yourself in the mirror and admit that you have a self control problem. Credit card debt is usually a result of poor spending control or poor planning. Stop blaming a piece of plastic for your shortcomings. + +That's all. + +Edit: Ok that's not all. Don't you absolutely hate being in line behind someone who pays with cash or check at the grocery store? Then they drop some change on the floor and it is just an unmitigated disaster. + +Edit2: Wow this blew up! I am still trying to read all of the comments. Most of them have valid points about the shady marketing techniques of the companies that issue credit cards. I would say to always be skeptical and research before acting, and you'll save yourself a lot of pain. + +Edit3: I never expected to see such a victim mentality in here. No one is forcing you to incur debt. We live in a society where ignorance is often punished and financial ignorance is no exception. Do I think we need to provide a sturdier financial learning foundation for young people? Yes, sure. All these excuses are just sad though. + I’ve accidentally found out about this guy a few days ago and it’s quite mind blowing.  + +**Developer called Esteban Abaora has developed a serverless, adminless and decentralized Reddit alternative that will run on a blockchain kind of system (** it will actually use "public key based addressing" and a peer-to-peer pubsub network.**)**  + +**Pretty crazy stuff right?!** + +Developer believes that this design would solve the problems of a serverless, adminless decentralized Reddit alternative. It would allow unlimited amounts of subplebbits, users, posts, comments and votes. This is achieved by not caring about the order or availability of old data. It would allow users to post for free using an identical Reddit interface. It would allow subplebbit owners to moderate spam semi-automatically using their own captcha service over peer-to-peer pubsub. It would allow for all features that make Reddit addictive: upvotes, replies, notifications, awards, and a chance to make the "front page".  + +Finally, it would allow the Plebbit client developers to serve an unlimited amount of users, without any server, legal, advertising or moderation infrastructure. + +[https://github.com/plebbit/whitepaper/discussions/2](https://github.com/plebbit/whitepaper/discussions/2) + +What do you think? Im really surprised by the way he is planning this to work. Its neither DAG nor traditional blockchain. I'm intrigued. Now your posts could live on forever!  +I had 20k worth of VISL at 2.73 and I sold as soon as it hit 2.79. I was thinking it was gonna dip back down and then I could re-enter. Nope. It was at 3.59 last time I checked. I dont even wanna look at it anymore. Missed out on thousands and I want to die. +I have around 100K for down payment. I am just shopping for mortgages to see what rates they offer. I think for most of the lenders they offer 5 or 6 rates for investment properties. Why is so high? + +One of the lenders was really patient with me bombarding him with questions. He offer that if i am interest in duplex or triplex, so i would need to live in one unit and rent the rest, and i would qualified for owner occupied mortgage for 3.87%. +Because we are living through the epicness and the world has yet to see the climax: MOASS. It's like Lebron James telling people he'd be (one of) the greatest baksetball players of all time when he was a kid. SOME would believe him, but most will laugh. + +You guys are a bunch of the most hollistically (this a word?) smart people I've ever met, and I've been in society for some time now. I mean, the apple (us) doesn't fall far from the tree (rc) right? Dudes a fucking prodigy and legend having achieved what he's achieved at 36ish now and with the heart he has. + +The best is yet to come, probably tomorrow, or even today, and we'll be sharing this story for the rest of our lives. + +Edit: Wow I did not expect this reaction first time posting here! Wonderful seeing all this positive engagement! Hope this little hype piece reminds all of us how blessed we are to be on this journey despite the challenges and struggles along the way. Uranus awaits us. +Bitcoin just flipped Berkshire Hathway again in terms of market cap. + +[Market cap of BTC: $724Bn, Market cap of Berkshire \(BRK\) - $713 BN](https://preview.redd.it/ci0mvljks0x81.jpg?width=1420&format=pjpg&auto=webp&s=822c140c37a08d5b458a9ef427fb0602c8437bcb) + +Yet he wants to buy all of Bitcoin's supply for $25. Gotta admire a value investor who sticks to their principles. + +If he lives till 2085, there is a small possibility that a time machine gets invented and he can go back to 2009 and snap up a ton of BTC for $25. + +Source for Market cap charts: [https://companiesmarketcap.com/assets-by-market-cap/](https://companiesmarketcap.com/assets-by-market-cap/) + +PS: Recently Berkshire bought $50bn worth stocks.. and most of these stocks are of Oil and Gas companies like Chevron and Occidental. + +[https://www.marketwatch.com/story/warren-buffett-berkshire-quickly-bought-big-stake-in-occidental-petroleum-in-a-casino-market-2022-04-30](https://www.marketwatch.com/story/warren-buffett-berkshire-quickly-bought-big-stake-in-occidental-petroleum-in-a-casino-market-2022-04-30) + +[https://www.cnbc.com/2022/04/30/warren-buffett-significantly-increases-chevron-bet-now-in-berkshires-top-4-positions.html](https://www.cnbc.com/2022/04/30/warren-buffett-significantly-increases-chevron-bet-now-in-berkshires-top-4-positions.html) + +Its amusing how no one seems to blame him for these dirty investments, but are quick to point out how crypto and bitcoin is the worst things in the world, despite polluting just a fraction of what Chevron and Occidental do.. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I've got 600k in a taxable portfolio margin account (IBKR) and am new to this thetagang stuff. I'm primarily a long term investor and am looking at theta strategies to also throw off some income. I'm thinking of holding all QQQ and just selling way OTM calls off of it to generate enough income to live on (maybe 5k a month). + +Is there another hold-forever stock or (preferably) ETF that can be used? Except AAPL, got too much of it in my retirement accounts already. The idea is to generate a "dividend" from growth stocks I'm long on while minimizing taxes so I can quit my job. What would you do? +I'm 32, single, and have grown up in the Boston area all my life. I've never lived in another city. I've worked for the same company, in a niche industry, for 10 years, and make high $80s to low $90s. Net worth is $450k. Currently save 45% of gross salary, and I plan to be financially independent by mid 40s. + +I feel like I've hit a wall at my current company in terms advancement opportunities. Our main competitor is headquartered in Philly, and has an opening for a director level position. The interviews are going well, and the ballpark salary is around $140k. + +My preliminary research shows that Philly is a cheaper city than Boston, so a big salary increase + lower CoL is a double win, and will accelerate FI. Having said that, I've also read that Philly is dirty, has a fairly large homeless and drug problem, and higher crime rates overall. + +All of my family and friends live in Boston. I wouldn't know anyone in Philly. The salary increase would be so high though, that I feel like I need to take it just to set the bar for future negotiations with other companies. + +What would you do? + +**Update: Thank you everyone for all of your responses. It's nice to hear from people who live in Philly, and from people who have lived in both cities.** + +**I left this out of the original post, but I do have one parent and one grandparent with health issues. Though they are both improving, part of me feels selfish for leaving the other parent to care for both by herself. As people said though, the plane ride is quite short, so it wouldn't be hard to visit often.** + +**Update 2: Crazy day! I just heard back from another company in NYC to which I had applied several weeks ago. Salary is likely higher than $140k, but CoL is also much higher. Let's see if I can leverage the potential offers against each other. Never been in such a fortunate position before. It seems to pay not to be complacent, and to look for opportunities outside of your home city if possible.** +I get that O bill themselves as the dividend stock but with their payout ratio at ~1.89 doesn't that mean the dividend they're offering is unsustainable? + +It's confusing me a little because they've had a high payout ratio for years now and seem to have no problem with dealing with it. + +Can someone explain to me what I'm missing here please? +Source: https://www.reuters.com/world/us/all-systems-go-feds-liftoff-us-interest-rates-2022-03-16/ + +WASHINGTON, March 16 (Reuters) - The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and projected its policy rate would hit a range between 1.75% and 2% by year's end in a newly aggressive stance against inflation that will push borrowing costs to restrictive levels in 2023. + +In a new policy statement marking the end of its full-on battle against the coronavirus pandemic, the U.S. central bank flagged the massive uncertainty the economy faces from the war in Ukraine and the ongoing health crisis, but still said "ongoing increases" in the target federal funds rate "will be appropriate" to curb the highest inflation in 40 years. + +The statement dropped direct reference to the coronavirus pandemic but instead cited the war in Ukraine as creating "additional upward pressure on inflation" and weighing on economic activity. + +The interest rate path shown in new projections by policymakers is tougher than expected, reflecting Fed concern about inflation that has moved faster and threatened to become more persistent than expected, and put at risk the central bank's hope for an easy shift out of the emergency policies put in place to fight the fallout from the pandemic. + +Even with the tougher rate increases now projected, inflation is expected to remain above the Fed’s 2% target, remaining at 4.1% through this year and dropping only to 2.3% through 2024. Economic growth is seen at 2.8% this year, a sharp drop from the 4.0% growth projected in December. + +The unemployment rate is seen dropping to 3.5% this year and remaining there next year, but is projected to rise slightly to 3.6% in 2024. + +The new statement said the Fed expects to begin reducing its nearly $9 trillion balance sheet "at a coming meeting," a topic likely to be addressed further by Fed Chair Jerome Powell in a news conference due to begin at 2:30 p.m. EDT (1830 GMT). + +St. Louis Fed President James Bullard was the only policymaker to dissent in the Fed's decision. +I've been thinking about helping out family and friends recently, specifically: + +Giving $100k to my (hardworking, not rich) siblings. + +Offering to hold a mortgage for friends looking to buy a home at a fixed rate that is higher than my bond interest but lower than their bank mortgage rate. + +Can anyone give anecdotes on how this type of thing was received when you tried it? + +Edit: still thinking about giving money to family (not a loan) but with friends were just going to rent a nice summer vacation place and invite them for free. +I just thought I'd make a post as many on the daily thread seem eager to buy up all the dips. I was here in 2018 crash cycle.. and now the market looks and feels just the same as back then too. The exact same sentiment. People buying up dip after dip, just for the prices to dip and dip even more. and many became permanent community members. Same kind of frothy top with lots of garbage. Back then we had XVG in the top, now we have Doge, Shibu etc. + +Even in 2018 the initial leg of the crash was wild, and everyone thought it would snap back up very soon. Infact even in May/June 2018 many believed the market would resume. Lots of corrections were bought, and after a while many were down more than 50% of their capital even though they bought after a huge correction. + +Ever wondered why NANO has so many reddit subscribers despite very little adoption and even not on Coinbase yet? The answer is easy to put together... It corrected from $40 to $1 and so many bought on the way down and kept doubling down, believing it would snap back up. Not singling out NANO, most of the coin communities were just the same. Most coins corrected as much as 97% from their peak value, and stayed there for months. Many of those who held through 2018-19 did so at an extremely large mark down on their investments. + +Right now, the BTC crash from 58k level to 30k invalidated a lot of patterns, mostly invalidated any trend indicating resumption of the bull run in the short time period. If BTC breaks above 45k again, then there is an occasion to be bullish again, but otherwise it would be wise to understand the risks and acknowledge the possibility of a long and drawn out bear market. + +When many start believing that "this time it's different", the market has a wicked way of reminding people that it is not so different. + +Big money isnt buying these small dips because they know the big correction is coming. If you really think institutions are stepping in and want to buy into crypto, they dont want to buy at $35k when they know they can engineer the prices to much lower levels and buy in there. They have all the tools - from media manipulation, to onchain tricks, to even early inside warnings on regulatory actions before it reaches the average retail investor. Infact many crypto desks assist institutions with pushing the prices down so they can get a favourable entry. + + + +Make no mistake - the crypto market is growing and is here to stay, innovation is happening at a breathtaking pace. But the short-medium term could be a bit wild if you dont understand the risks in this asset class where a 95% correction was the norm for majority of the coins in the last cycle. + +My 2 cents - buy the dips if you want to, but always leave extra fiat on the sidelines just in case it corrects further. There is nothing to be gained by going all in at a 15% daily dip or even a 50% dip on alts, when it can correct another 45%. +# It all started, + +In late 2015 when I first started mining Bitcoin when I first downloaded Miner gate. After installing it and still couldn't figure out how to move it to my own wallet, I just gave up for about a year or so. It was still too complex at the time to use. I only mined about $100 bucks or so. + +2017 rolls around, BTC starts going crazy. I started investing JUST before the $20K ATH. As 2018 starts, it pretty much went downhill from there. However I never gave up because I knew Bitcoin was something special and unlike any other asset. + +All throughout 2018 I did all the wrong things you should never do as an investor. I bought at the ATH, I caught a falling knife and bought bitcoin literally as I watched it go from $20K, $15K,$10K, and down to the months long slog at $3,000. I even tried trading and buying Altcoins and lost even more money. When BTC was stuck down there, thats when I was buying the most. Even when nobody was making youtube videos anymore and nothing but FUD left and right, I was still buying. Mostly because I heard a bunch of youtubers say "buy when there is blood in the streets" so that's exactly what I did. Keep in mind I had never invested in a stock my entire life at this point. + +# The Key method of how I got 1 BTC + +Dollar cost Averaging + +That is the key. Every single week I got paid it was only about $500 a week. Since I lived with my mom and only paid half rent, every two weeks I got paid I would buy exactly 0.01 BTC (put another way, I bought 1% of a bitcoin every 2 weeks). Regardless of the price I would invest. + +Since 2018 was a bear market, It was getting cheaper and cheaper every single week. When it was $3000, It was so cheap that 0.01 BTC was like $30 or $40 a piece so I bought like 3 or 4%(0.03 BTC) every 2 weeks. Since there is 52 weeks in a year, by the time 2019 rolled around, I already had roughly 65% of a Bitcoin. 2019 was half bear and half bull market but still I stuck to my guns and no matter what every paycheck I bought 0.01 BTC regardless of price. + +Now by the time 2020 rolled around I had exactly 97% of a BTC. It was only this year That I had finally gotten to 1 BTC! I heard Charlie lee say a long time ago to stay away from Altcoins until you have 1 BTC and that is exactly what I did. After the pandemic started, I then started buying Ethereum 0.2 ETH a paycheck and I now have multiple ETH. + +I just wanted to tell my story of how I got 1 BTC and hopefully inspire others to get invested. I don't know if what I did was luck or skill, ***but the key thing is to stay consistent***. If you water a plant every single day eventually you will get the fruit. +[CME FedWatch](https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html) + +Current level = 100-125, there is a ~~37%~~~~21.5%~~0.5% chance it will be cut to 75-100, and a ~~63%~~ ~~78.5%~~ 99.5% chance it will be 50-75. + +I do not claim to know when a crisis will occur. But if we are already at such low rates now, when it really isn't that bad, what are we going to do when banks start going under? Is every central bank going to go negative on their rates, tens of trillions of QE? + +Oh, boy, I am super worried, this is going to be worse than 2008 because the world has far more debt and far lower interest rates than we did back then prior to the crisis. We also counted on China for our recovery the last time, but we will have no such luck this time because their economy is probably in worse shape than the US is due to demographics and a housing bubble in Beijing, Shanghai, Guangzhou and Shenzhen so large, that they easily rival the bubbles of NYC, SF, Toronto or Vancouver. + +EDIT: What the fuck? There is a 1/6 chance that they will cut to 25-50 (a 75 basis point cut)? What the fuck does the market want? Negative rates by June? Is the S&P 500 headed below 1000 points? + +EDIT 2: 88.1% chance of a 75 basis point cut, the world economy is FUCKED! We are in for perhaps a 1930s depression, and it may very well lead to World War 3 and the end of humanity. +I day trade crypto(FUTURES forgot to add that in my title) at the pace of light with 20x leverage, Now before you come and say, woah woah woah, you gonna wreck yourself. I have been day trading for the past 3 months. I have tried it all, scalping spot trading for 0.5-1% gains(minus broker fees), margin trading. I was doing a 2:1 risk reward ratio(risking two dollars to win 1 dollars) because that is the only way you can make money in scalping super volatile markets like crypto. My win rate was 70-80%. but the 1 trade was making me lose everything. + +I have made all the classic mistakes, fomoing, overtrading, revenge trading, everything.I have watched countless hours of videos,(over 200-300 hours, I watch at 2x), read books and finally realized yesterday, what the hell I was doing wrong.Most of the stuff on daytrading online is absolute BS.Yes, you blow up your accounts, because you are impatient, just like I am, most people are impatient.So, can we use this character trait of ours to make money? After failing with margin for one more time yesterday, I switched to futures. Never tried futures before. I was using margin at 3x. Futures was easier, and default margin was 20x. Now I knew that in a couple of seconds I can predict where the market is going. I just need to get a decent enough entry and take anything in green. No Profit targets, nothing. Just proper clean entry and take whatever the market is giving me. So, I trade a good enough mid cap coin, (Gala Futures) and scalp for 1-2-3-6% within a few seconds. + +Since yesterday I did around 23 trades and my profit percentage was 16% yesterday and 17% today. + +Now I am testing this on a very small account (2 figures), but given the volume of trades happening, I bet the strategy can still apply to 3-4 figure scalps. You can use your intuition to advantage. I mainly short, because in crypto I can't trust long anymore. Whenever there is a upward trend it ends abruptly. I have traded over 1000 trades in the past 3 months. So, I know. I look at the 1,3,5 min time frames, and I trade in 1 minute time frames. The key is to not have any profit targets per trade since the distribution of profit is uneven in each trade. I just focus on getting a good enough entry and then as soon as I see some profit I close the position within seconds. Granted I could have made more if I could have held way more longer(a few more seconds to minutes in a few positions) but since I am a pullback trend reversal trader, there were times, if I had not acted within a fraction of a few seconds, I would have not made any green. Whenever I finish a trade, I take 5 minutes break because, the crypto market trend changes enough, to again get back into the similar position (I will get wrecked, if I trade as soon as the previous ended, because the trend would have changed in most cases). + +Thinking in terms of probabilities of entering the trade is my main objective and ofcourse then I have my risk target in my mind. I take whatever profit the market gives me. I don't care if the market goes down 3-4% in my direction within a few minutes, (I don't have fomo of making more profits). + +I will probably make an update within a month, after I start with a 3 figure position from tomorrow and see how that goes. + +But I want to tell you, that the reason most traders are losing is because they are having a fixed profit percentage, Yeah, sometimes having a clear cut goal is good, but I would say, have a risk defined( till how much % are you able to hold your position when it goes to the other direction, especially in crypto) and then take whatever profit you can get, once the trade turns in your favour never let it turn in the other direction. + +I will not advice anyone to trade futures or leverage, who have not mastered spot trading or margin trading at smaller leverage first and then you can apply these things, if you wan't. +There is a substantive amount of posts on this sub about post-FI emptiness, and being adrift while figuring out what’s next. + +I think this is related to people pursuing financial security at the cost of their general mental well-being. + +It’s also likely that the (dis)affected voices are just more vocal. So, here’s a question for people who are either at faFI or more than 75% of the way to their goals: + +Are you happy? Content? *And what steps are you taking to ensure your continued happiness?* +It worked well for me but I waited until my kids were teenagers to start. Every dime they made I had them contribute into a Roth IRA. The idea of 50-60 years of untaxed growth is too tempting to pass up. + +If I had to do it over I would try to start even earlier. That is the plan when I have grandchildren. What strategies have people used to create income at an early age for their children so they can contribute to a Roth? I have a friend who paid his young children as camera models for the literature for his company. How awesome would it be to start funding a Roth for a newborn and get 80 years of untaxed growth. +26, 95k salary, no debt, supporting parents at home \~$600 a month. I want to move out and rent my own place in downtown Chicago. Rents are approximately $2000-$2200 for a luxury apartment, I will be working from home and using almost all the amenities. I kind of want to splurge on a nice apartment but coming from a middle class family, never imagined making so much money but feeling guilty about spending so much. Do I ignore the imposter syndrome and go for it? +I've never been able to go here because they are open the same hours I work but today I went in late as I had a doctor's appointment. Anyway, I took proof of residency and income but they just asked me for that info and put me into their system. + +Today the choices were pretty sparse according to a couple volunteers but I was offered a large bag of rolls 4 days out of date. Basket of strawberries that look nice. Lemon Nilla Wafers that had sell by date from last month--oddly these taste like animal crackers. Can of applesauce. Bag of dried pinto beans. Ginormous jar of peanut butter with best by date from last year--good for a long time past that. Two cans of diced tomatoes. Family size bag of Caesar salad. Bag of mac and cheese that looks terrible but hopefully tastes ok. Couple loose onions. + +Have pot of bean chili cooking now and it smells amazing. I haven't had strawberries since June and am looking forward to those! + +I am extremely introverted and had to tell myself it would be worth feeling horrible for a few minutes when it means I will have stuff to eat this long holiday weekend. I was the only patron at the time so it was bareable but I was told the Saturday pantry they do once a month is super busy so I doubt I can do that anytime soon. + +Are you familiar with Little Free Library concept? There are Little Free Pantries as well, so you can access food any time of night or day but the closest ones to me are 45 minutes away. + +I'm glad I was able to go to the food pantry for the first time, despite my anxiety and introverted nature. Glad also that it was set up to reassure newcomers, from the very detailed website, to signs directing you from downtown area. If anyone is hesitant about going for the first time, like I was, I hope you can get the courage to do so. + + + + + + + + +Recessions are inevitable but many of us have never really experienced it before. If I have been doing standard value investing in 100 percent large cap stocks in my Roth IRA , what Steps should I take when the market begins to reverse? Is raising cash and putting it in a broad market etf on the way down a good strategy or is there some other experiences you guys can share from the past that in hindsight worked out great or not so great? Thanks! +Everyone's definition of a fulfilled life is different. Not long ago I let my F.I.R.E. goals cloud my judgement and skew my values, and I willingly sacrificed my overall quality of life to hit those goals. I've read some posts recently that gave me pause, and I think there may be others caught in that same trap of extremes. So I though I'd share my experiences: how/why it happened, how I almost went further in the wrong direction, and what I ultimately did to restore balance in my day to day life. + +I started doing F.I.R.E. about four years ago, with the (obvious) goal of working no longer than necessary and to retire as soon as possible. I don't have expensive tastes to begin with, so came about naturally. Was (and am) putting the bulk of my income into various investments, picked up additional work in my spare time. Started a company, bought a home so I could get out from under the trap of renting. My work situation is a bit atypical- as a consultant I set my own schedule, both the when and the how much, and have more work available than time in the day. Work that I can largely pick up and set back down as I see fit, within reason. + +Working an average of 50hr/wk, I broke $200k/yr for the first time in 2019 - a personal best. I grew up poor, so that was a financial goal I never expected would be possible. Then in 2020, with some trial and error, I was able hit that goal again working 40hr/wk. But without realizing it, my life was little more than work/gym/link up with friends on the weekend. Save save save. Work work work. A fairly common existence I'd imagine. I opted to not take that trip, go to that music festival, order that ribeye. Then COVID hit, and it made those choices even easier to make. But before long, I realized I was no longer living, I was just existing. Going through the motions so some future version of myself wouldn't have to do the same. Before long I was really unhappy. I started isolating from the people I care about. I'm not sure what the turning point was, I think it was another contract that I just couldn't pull the trigger on. It would have put me up to 250-280/yr at 50hrs/wk. But just the thought of it weighed on me. Where does it stop? Then it dawned on me: rather than work more, work less. Eat the steak, take the trip, go on the adventure. Money well spent. So now, after yet more tweaking, I'm down to about 20-25(max)/hrs, $160k/yr. That shift was an absolute game changer - having a part time schedule but keeping my income at nearly 80% of what I'd typically bring in. I'll never go back to chasing the almighty dollar the way I had. I also learned to indulge without guilt. Yes it's pushed off my E.R. a bit, likely a few years, but that's ok too. For me, balance is key. + +Obviously we all don't have the option to scale back to PT on a whim, or to pick and choose when we work. That said, no matter your circumstances, no matter how rosy retiring at 30, 40, 45 may be, the ends have to justify the means. Tomorrow isn't guaranteed. Is it worth gaining 2.5 years of retirement by eating ramen and canned tuna daily? Is it worth gaining retirement time if it means living with mom and dad as long as possible? Even if you think it is worth it, do your parents feel the same? They might just enjoy their own retirement a bit more if you'd move on, but not have the heart to tell you. + +TLDR: + +*Don't be so beholden to the destination that you're willing to sacrifice the pleasure of the journey.* + +Edit: Want to apologize if the financials are offensive, wasn't my intention to brag it up. I take it for granted, because I live largely the same way now as I did when I was making 12/hr as a line cook, a job I had when I was released from prison in 2016. I've only been 'back on the horse' for four years. Sincerely. 2010 outback, 2br/2ba house, one br is the home office. Software development. Will post tomorrow about how I built the business. If an 11 time convicted felon can do it, chances are so can you. +It’s seems to me like we are getting waaayyy too excited about crime we already know of. Sure, this calls for celebration! But best keep focused during these times. DRS is a tool for investors to take away shorting ammo and that is VERY good for bullish investors! +Hello. I was hoping for some guidance for my current situation. Why wife unexpectedly died of a stroke last week, leaving behind me and our 3 boys - 8/5/1. + +We both worked and made decent money for our Southeast location. 70k for me and 47k for her. I will be moving into our new built home next week with our 3 boys. I am not too worried about living on my income but do have questions about planning for mine and the boys future. I current have 50k in saving 25k in retirement account and will be receiving 50k pay out for life insurance. Our only debts are 13k car and our new 260k house. My kids will recieve about $1k/month divided between them in social security benefits. + +Other than continuing my 6% employer match, and trying to max my Roth, where is the best place for additional funds for my boys. Also, what route is best for life insurance incase of my passing? + +Edit: I'm 30, wife was 31. +There have been an increase of posts about a fake squeeze coming and hedgies setting up a trap to short the fuck out of the share price again to shake off the paperhands. I think this is more to encourage apes to sell on the cheap by letting them think that there is going to be a peak price to sell at, and there will be another opportunity to buy on the cheap again. + +There may not be another opportunity to buy the dip and all the current fud coming up is just to get apes to sell below life changing money. This is not financial advice but if citadel and co are out, dtcc and cede &co maybe conditioning our minds that there will be another peak and big dip afterwards to get more apes to sell. This will significantly reduce our rocket fuel to the moon! +After learning a lot of information about options, their pricing, valuation, strategies, etc., I see that option play is still a bet, more risky than simply betting on red or black in casino. All these spreads, iron condors, butterflies, always have probability x return/risk significantly less than 1, while in casino you have it 16/33 x 2=0,97. And all this strategies are made for you to feel smart while analyzing charts, indicators, implied volatility, before putting your money on red and hoping that market will go in your direction or stay where it is or go anywhere but more than usual amount. +Yes, I know that options can be used for hedging risks by big banks, but trying to trade them for income is actually worse than gambling. Prove me wrong. +Tips besides staying single and living at home until I am 40 please. + +EDIT: I will be calling Vanguard next week. Seems like a ROTH IRA is the best first step + + +Howdy apes. After reading so many popcorn DDs that unearthed many BCG’s shady shitty past activities around the world, curiosity got the better of me…. I decided to see if BCG had been active in the Malaysian scene. Also, fuck these guys for messing with my fav stonk >:O 🖕 + +Also.... spoilers. Flair marked as NSFW because I cuss a lot. I fucking hate corruption. + +My research skills aren’t as amazing as many of the DD writers here cause I’m quite retarded, I almost got by in my undergraduate days, and I wear a tin-foil hat. Oh yeah, this ain’t academic homework: I also get my sources from Wikipedia, and my analysis is shallow. + +Anyway.... have you heard of the **1MDB scandal**? + +This is such a fucked up scandal that brought humongous global cock shame to Malaysians. If you haven’t heard of this one, let me shorten this epic story: basically, former corrupt motherfucker PM Najib Razak set up a fund, 1MDB, which was meant to help develop Malaysia and lift the poor of out poverty…. But the fucker, his witch-looking wife (don’t believe me, google her), his family, his cronies, had been stealing BILLIONS of dollars from Malaysians. The DOJ even called the 1MDB scandal ‘Kleptocracy at its worst’ ([https://www.reuters.com/article/us-malaysia-scandal-doj-idUSKBN1DZ0MX](https://www.reuters.com/article/us-malaysia-scandal-doj-idUSKBN1DZ0MX)). Trivia - 1MDB also has links to the Wolf of Wall Street ([https://www.theguardian.com/world/2019/jul/05/1mdb-wolf-of-wall-street-producer-charged-with-embezzling-millions](https://www.theguardian.com/world/2019/jul/05/1mdb-wolf-of-wall-street-producer-charged-with-embezzling-millions)). + +So how does BCG come into the picture? + +Check this shit out from Financial Review ([https://www.afr.com/world/asia/goldman-in-focus-as-scandal-plagues-malaysias-1mdb-and-najib-razak-20150722-gihv14](https://www.afr.com/world/asia/goldman-in-focus-as-scandal-plagues-malaysias-1mdb-and-najib-razak-20150722-gihv14)): + +>“The 1MDB story begins in 2008. In December of that year, Terengganu, a sultanate located across the Malay Peninsula from Kuala Lumpur, got federal government approval to set up its sovereign wealth fund, the TIA. Goldman Sachs and **Boston Consulting Group** advised the TIA in its early days.“ + +Another trivia - Guess who was TIA’s special advisor? Jho Low. The fat fuck fugitive who helped Najib Razak set up 1MDB. ([https://en.wikipedia.org/wiki/1Malaysia\_Development\_Berhad#History](https://en.wikipedia.org/wiki/1Malaysia_Development_Berhad#History)) + +BCG appeared again later - indirectly to 1MDB. In 2016, it was reported that Falcon Private bank helped laundered nearly USD700 million to Najib Razak’s Malaysian AMBank. In 2017, Martin Keller (former Credit Suisse manager) became boss, and guess who he engaged to revitalize the bank? BCG. + +[https://www.reuters.com/article/us-falcon-swiss-banks-idUSKCN229281](https://www.reuters.com/article/us-falcon-swiss-banks-idUSKCN229281) + +This is what Reuters reported: + +>“He was succeeded in 2017 by Martin Keller, also a former Credit Suisse manager. With the help of the strategy consultant **Boston Consulting Group**, Keller tried again to rivitalise the bank’s business, but also fought strong headwinds. +> +>As key employees and customers left the bank, Falcon bled billions of assets under management, which now likely stand in the low- to mid-single digit billions of Swiss francs. The outflows also caused a drop in earnings. +> +>In 2019 it became apparent that implementing the new strategy was no longer realistic, two of the insiders said. “FINMA has given the bank three years to realign the business,” one of the sources said. “Apparently, it wasn’t happy with what was achieved.” FINMA in October gave Falcon until the end of April, a deadline about to expire, one source said. +> +>A separate probe by Singapore authorities over Falcon’s involvement in the 1MDB scandal resulted in the wealth manager’s being stripped of its local banking licence.” + +So far, I just scratched the surface. Anyone else knows of BCG's shady involvements in Malaysia? +I see lots of people suggesting this one will rocket. But I’m not sure I understand the DD on it. Score has been around for a long time. What makes them more appealing now all of a sudden? Is it all tied to the speculation around the bill in the legislature this month? Is this a meme stock? +What do you guys think of putting a credit call spread on AMC since earnings is tomorrow. I am betting it will go down tomorrow. They just reopened yesterday with limited capacity, I doubt it will be a good earnings for Q4 earnings. IV is high, so it's tempting. + +For example: sell 3/12 9C for $168/contract and buy 3/12 10C for $122, netting $46/contract. If stock drops tomorrow, cash out the 10C before it gets to $0, you net the $46 + the remaining value of 10C. + +If it goes even higher, because it's a meme stock and GME pulls it up along with it, then you are fucked and close them possibly at a little loss. +Say you had your life figured out, with a job that pays ~150k per year, and have the opportunity to get 100k into your account at 5-6% interest for 7 years. Would you use the funds to wheel for passive income or pass the opportunity? While keeping your job of course. +We see questions on car ownership quite frequently in this sub. It’s a pet topic of mine so I have done some semi-rigorous analysis on this. + +Most of these questions can be boiled down to this – ‘how old the car should be when you buy it?’ + +It’s quite well known that cars depreciate more during the first few years. But the older cars fail more often. Heuristically one could say that a not so old should be the best option. But we need to quantify this. + +So I wrote a python program which scraped the asking price, age and mileage of thousands of ads on Autotrader. + +Based on this I could get an ‘Age vs %cost’. Note that it is an aggregate and individual cars may have slightly different values based on their desirability. + +The next data set I needed was the cost of repair as cars grow old. I used the MOT failure rate as a substitute for this. ( https://data.gov.uk/dataset/e3939ef8-30c7-4ca8-9c7c-ad9475cc9b2f/anonymised-mot-tests-and-results) + +Based on this I could get an ‘Age vs % MOT pass rate’ curve. + +Now I define a new parameter called ‘value’ which is basically (MOT pass rate – Cost). Higher is better. + +I superimpose all these three curves on the same plot here: https://imgur.com/a/LhuhlcE + +To derive the best ‘value’, one should be near the peak of the green curve. + +If you want to own the car for 3 years, buy a 4 year old car. If you want a car for 8 years, buy a 2 year old car, etc. + +I’ve plotted the ‘best age’ for every intended years of ownership in the second plot. + +Another thing to add to this is people often quote that cars suffer huge depreciation in the first year. It’s true if you look at the sticker price. But in reality nobody pays that sticker price. Infact it’s often cheaper to buy a new car than a 2 year old car due to the finance discounts. + +Lastly, in UK, number plates change every March and September. As a result you get good discounts in February and August. The effect after 10 years will be minimal when you want sell it. ( For example, what’s the difference between a 08 and 58 reg Ford Focus? ). + +TLDR: + +If you want to own a car for 1 year, buy a 5 year old car. +If you want to own a car for 3 years, buy a 4 year old car. +If you want to own a car for 8 years, but a 2 year old car. +If you want to own a car for more than 8 years, wait for the right month (August, February) and buy a brand new car. + +Edit: code added in the comments. +Just so you know, I have never watched his utube channel. I am not a supporter. I did read his daily post because HE IS THE ONLY PERSON POSTING AN ANALYSIS OF WHAT HAPPENED DURING THE DAY! I have been here from the beginning. Migrations and all. What I have seen is that anyone providing good TA and DD, either gets ran out, or banned. Makes you think this is orchestrated. Now we lost the only daily TA who spent hours of his time every single day providing it. As well as someone knowledgeable enough and willing to give detailed info for us to learn and understand. Now all we will see is purple rings. And people will lose faith because we have no reassurance. This is exactly why every quality person gets pushed out and is exactly what they want and achieved. Really sad. I see SS falling apart soon. I hope there is a new migration for apes to move to in order to remain strong for those who need it. + +Edit: to be clear, I am not losing faith in our favorite stock. I have a lot of shares and buy every chance I get. I believe in buy. Hodl, DRS, repeat. But over time people need to understand as much as they can. Most of us cannot watch a YouTube channel all day. We get our info reading all the daily posts. So daily detailed info is fantastic. Keeps us strong in our faith. I feel the MOASS is inevitable as long as we hodl. +Keep in mind the long term picture. + +Don't loose sight of the possibilities Ethereum grants, and will evolve to meet. + +Human incentives can be changed/aligned for the better. Democratized liberty, efficiency, and prosperity are available. Truth, trustlessness, and transpency will grant unique transitory opportunity. + + +The individuals working towards these ends deserve more recognition & support from all of us. +TLDR: Fight your war and do not distract others from theirs. But remember our enemies enemies are our friends. + +First and foremost I need to reiterate I am balls deep in GME. 99% to 1% AMC + +Sorry AMC peeps, even though I believe you guys will squeeze. + +This is no longer about a squeeze and this whole subs knows it. GME has turned into a revolution. + +Also this is all pure speculation based off the patterns I've seen over the past few months. + +This by all mean should not be taken as financial advise. I just found out how to use the internet today. + +With that aside + +The media is trying to divide us. We don't trust the media for shit. When we see something that confirms our bias we get suspicious and they know this know. + +The rich keep us divided thru the media. This is reverse psychology. By pushing us the AMC squeeze they want us to distrust them. They want people to paperhand out of AMC into GME and VICE VERSA. + +THEY WANT TO CREATE FUTURE PAPERHANDS. + +If you believe in AMC stick to AMC hold on to it do not paperhand even if the rocket takes off first + +If you believe in GME stick to GME hold on to it do not paperhand even if the rocket takes off first + +I truly believe AMC will squeeze but it won't be as big and that is fine there is nothing wrong with that. + +GME is the revolution the MOASS and its what I believe in + +What ever you are in it for its up to you but stick to your beliefs. + +I will not paperhand out of GME into AMC. + +and AMC people shouldn't either. It defeats the whole purpose and you will ruin it for others. + +Just hold to your beliefs and the DD you've read. + +Also I think its best we all stay in our own community + +GME is the r/Superstonk that is all you will find here + +AMC belongs in r/AMCSTOCKS + +But we need to stop bashing each other. That is what they want. + +Ape no fight ape + +Ape no distract ape from their fight + +sorry about my grammar or mistakes + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +TLDR: Fight your war and do not distract others from theirs. But remember our enemies enemies are our friends. + +First and foremost I need to reiterate I am balls deep in GME. 99% to 1% AMC + +Sorry AMC peeps, even though I believe you guys will squeeze. + +This is no longer about a squeeze and this whole subs knows it. GME has turned into a revolution. + +Also this is all pure speculation based off the patterns I've seen over the past few months. + +This by all mean should not be taken as financial advise. I just found out how to use the internet today. + +With that aside + +The media is trying to divide us. We don't trust the media for shit. When we see something that confirms our bias we get suspicious and they know this know. + +The rich keep us divided thru the media. This is reverse psychology. By pushing us the AMC squeeze they want us to distrust them. They want people to paperhand out of AMC into GME and VICE VERSA. + +THEY WANT TO CREATE FUTURE PAPERHANDS. + +If you believe in AMC stick to AMC hold on to it do not paperhand even if the rocket takes off first + +If you believe in GME stick to GME hold on to it do not paperhand even if the rocket takes off first + +I truly believe AMC will squeeze but it won't be as big and that is fine there is nothing wrong with that. + +GME is the revolution the MOASS and its what I believe in + +What ever you are in it for its up to you but stick to your beliefs. + +I will not paperhand out of GME into AMC. + +and AMC people shouldn't either. It defeats the whole purpose and you will ruin it for others. + +Just hold to your beliefs and the DD you've read. + +Also I think its best we all stay in our own community + +GME is the r/Superstonk that is all you will find here + +AMC belongs in r/AMCSTOCKS + +But we need to stop bashing each other. That is what they want. + +Ape no fight ape + +Ape no distract ape from their fight + +sorry about my grammar or mistakes +Edit: Price was 30k at the time of posting this. I'm not just guessing. I analyzed a couple of news and information which i have access to. +Also this Bet is Legit til end of the January. You can edit your comment later +Edit 2: I can't give away more than $1100 with fees included, so it only goes to 100 comments sorted by time posted. thx +---- +EDIT 3: So much negatively poison here, If you want Bitcoin to go down this much, Then why cry when it does?! What i predicated was based on Insider sources information which not everybody has access to. Don't get fooled by TAs you see on google. +I kind of wish the fundamental turnaround story was getting as many posts and conversations as the squeeze story because I think more serious investors would be attracted to the turnaround story and throw their money in the ring to help make this rocket launch. + +Painting superstonk as a qanon cult is all about casting doubt on the central squeeze premise. Because the squeeze premise has devolved into a he said she said. We know we’re right but the hfs are painting an entirely different picture and have the entire media apparatus at their disposal. + +It’s a lot harder to employ that qanon strategy against the fundamentals driven premise though, since the fundamentals premise doesn’t rely on or care so much about short-term fluctuations in price. We all know those short-term fluctuations are due to fuckery of all kinds but those outside of our bubble don’t know that and have a harder time believing it because they haven’t swallowed the red pill yet. +Thanks for the feed back I am not after trading advice as I have a consistent approach that works for me, just curious in general what others are aiming for as I am taking profit from 10-30 depending on the set up +"Until you show you can handle what you've got, you won't get any more!" + +Like, if you can't handle a $1,000 account, what makes you think you'll handle a $10K account? You'll still blow it..so take your time and you'll get there.. +I have $60 in cash, I am a minor. I've been watching hours of forex videos on YouTube, and I get the mt4 app on my phone and the program on my computer, because I heard about demo trading. I just have no idea what to do. I was interested in Fidelity as a broker but I'm not sure if they offer forex trading. I would like to know what the difference is between me who knows nothing(despite watching many YouTube videos) and you guys who actually do this regularly. Is it experience? If you must answer me with more questions please do I would be more than happy to talk +Happy weekend all. + +I’m looking to buy my first home with my partner currently. Have a combined $180k in savings. Due to my field of work, Westpac has offered us 95% LVR with no LMI. Looking to buy something around 850k. Mortgage broker recommends that we put down the minimal deposit (~$42.5k) and keep the rest in an offset account. Is there any downside to doing this? Obviously has the benefit of keeping more liquid and more deductible interest in the future if it converts to an IP (can transfer offset to new PPOR). + +Monthly repayments will be higher (?) If there is technically a larger loan but we won’t be paying interest on the offset amount. + +If we were to take a max loan, why wouldn’t we just keep an emergency fund in an offset and chuck the rest in VDHG or the like? A fixed interest of 1.79% doesn’t seem worthwhile offsetting. + +Thank you +Elon Musk has denied having an affair with Nicole Shanahan, the wife of Google's co-founder, Sergey Brin. + +Over the weekend, the Wall Street Journal reported that Musk — a longtime friend of Brin's — had a brief relationship with Shanahan in December 2021 while she and Brin were separated but still living together. The publication cited unnamed people close to the matter."I work crazy hours, so there just isn't much time for shenanigans," the Tesla (TSLA) boss said in a Monday tweet."None of the key people involved in these alleged wrongdoings were even interviewed!," he added. + +Yeah, the character assassination attacks have reached a new level this year, but the articles are all nothing-burgers. + +I work crazy hours, so there just isn't much time for shenanigans. + +None of the key people involved in these alleged wrongdoings were even interviewed! + +— Elon Musk (@elonmusk) July 25, 2022 + +In an earlier tweet, Musk, the world's richest man, described the report as "total BS" and said he and Brin were still friends -- and had attended a party together the night before."I've only seen Nicole twice in three years, both times with many other people around. Nothing romantic," he added. + +https://preview.redd.it/47tk5nodypd91.png?width=600&format=png&auto=webp&s=5dd0363923adfe03d3829b6f34b15aba29a45883 + +Source: [https://edition.cnn.com/2022/07/25/media/elon-musk-affair-sergey-brin-wife-nicole-shanahan/index.html](https://edition.cnn.com/2022/07/25/media/elon-musk-affair-sergey-brin-wife-nicole-shanahan/index.html) + +**Elon Musk has dismissed claims that he had an affair with the Google co-founder Sergey Brin’s wife. He called it ‘total bs’.** + +**Do you think these personal attacks on Musk could affect how TSLA trades?** +I don't know about the rest of you smooth-brained mayo chugging mofos, but over the last 2.5 years I've pretty much stopped believing in anything. + + + + +The news is all lies + +Governments exist to protect the rich + +Wars aren't about helping people + +The academic community can be bought and sold + +Ditto with the medical community + +Fuck the Hedgies + +The Police don't stop crime + +Religion and Courts are corrupt + +The people in charge literally see us as barely cognizant cogs in their money laundering schemes. + + + + +And I mean no shade on any teachers, police, nurses, doctors, government employees, reporters or clergy. It's not the individuals; it's not the players; it's the institutions corrupted by backhand deals, and greedy psychopaths. + + + + +I want power back to the players. I want the decentralization of everything so we don't have to live under the whims of these greedy Kens. $GME is literally the only thing I feel sure is working towards the goal of ousting the mofos and ushering in a restructure. Because right now it doesn't matter if we change government types, laws, or companies. The same leeches will still rise to the top of the pile. I don't want a frame work with a top. I want it rounds and smooth as my brain. + + + + +I don't give a shit about the money. I don't care to ever sell. And I would happily tithe my money and support any other group or company I felt was out to the same goal. + + + + +I don't want diamonds for bling. I want diamonds because they are the hardest mineral known to man. Powered by us all going ape shit we can take down so much of this garbage. + +To the moon, my friends. To the moon. +Good Morning Apes ! + +Today is is the first day of the new supplement liquidity deposit changes. So don't forget that the DTCC says to be careful out there cause there may be margin calls. Additionally today marks IMM rollover day which is the rollover for foreign exchange traded futures. How much either of these will effect GameStop is up for debate but I suspect very little. I'm still waiting to confirm action on my thesis for futures rollovers in the next 5 trading days. + +If you want a more in-depth look at this weeks TA [check out the weekly DD](https://www.reddit.com/r/Superstonk/comments/pn3ryv/too_many_shares_to_stuff_in_my_cellar_and_forward/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +[Exit DD](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) for those that want an idea of what to expect when this all goes down + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Well that slow drift up with the S&P had us closing just at the resistance of 205. There still seems to be some confusion with trading vs. settle vs. expiry on these futures rolls but +I can say the latest apparent date currently is the 23rd. I will do some more research tonight to narrow that down and update everyone in the morning before opening bell. Thank you all so much for tuning in and have a good night. + +\- Gherkinit + +https://preview.redd.it/tqh1qsgb4qn71.png?width=682&format=png&auto=webp&s=5a78aa86285b3fa9a4711c58b9ded8f1e28541cb + +Edit 6 2:45 + +Coming down a bit with the SPY moving into power hour. + +https://preview.redd.it/6m8j07t7qpn71.png?width=1603&format=png&auto=webp&s=551d623b572281bd39f922339025cafa6a3de94f + +Edit 5 2:01 + +Still just tracking the market with 1.5m volume traded, we are going up but as slowly as possible + +https://preview.redd.it/au3z1w3bipn71.png?width=1604&format=png&auto=webp&s=62058d623969f0f18a036ba505bfa78d358ec0d4 + +Edit 4 12:54 + +Sorry for the delay but I was working on some information regarding the futures contract settlement it looks like the final trading day was the tenth and according to this T+3 from that day is today. Also up. + +https://preview.redd.it/il91cmoj6pn71.png?width=646&format=png&auto=webp&s=142f625e146eaa047934cbeeba2963fe9c9e6979 + +https://preview.redd.it/qf71jl2k6pn71.png?width=1638&format=png&auto=webp&s=dabf97e3d0ceba3333cd43d0fea8273f152b7e8b + +Edit 3 11:39 + +Coming back up from a bounce slightly above VWAP I think we definitely have a bit more run left today buy side orderbook is picking up a bit of steam. + +https://preview.redd.it/fqwg9922ton71.png?width=1641&format=png&auto=webp&s=895b648f9ff2689430fb17a81b154d7e56c87849 + +Edit 2 11:00 + +Nice little run to a rejection at 203 looking for a recovery to continue the uptrend + +https://preview.redd.it/6qiuuv4ulon71.png?width=1643&format=png&auto=webp&s=856b7b0e431838e73560d93d8708d38c24244838 + +Edit 1 9:50 + +Opening drop into a reversal at 195 looks like we are filling that small gap to 200 + +https://preview.redd.it/g44xlhrc9on71.png?width=1576&format=png&auto=webp&s=5276dc28ea06a6b61fee50c1944fba26eb5aa84c + +# Pre-Market Analysis + +A little borrowing going on from fidelity in the pre-market this morning looks like there are about 745k shares available between IBKR and Fidelity. GME trading a bit lower than close right now, and on track to hit 195 likely due to the market also dropping in the AM. There is a little gap to fill to the upside but it with 16k shares traded in the pre-market it looks like it will have a weak open. + +[ PM on the 1m ](https://preview.redd.it/s3s4kuibwnn71.png?width=1586&format=png&auto=webp&s=d265c214f7b815b5d1862253602063d11e0c6837) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Already up to $48 ask (jumping all over the place) on Questrade from a $28.98 reverse split share cost. + +Release: [https://www.prnewswire.com/news-releases/greenpower-announces-pricing-of-its-upsized-us-initial-public-offering-301120329.html](https://www.prnewswire.com/news-releases/greenpower-announces-pricing-of-its-upsized-us-initial-public-offering-301120329.html) + +Edit: Appears to be opening closer to the initial split cost, around $30. +Crayons: +[https://imgur.com/a/MKYqgeZ](https://imgur.com/a/MKYqgeZ) + +I was looking at the spy chart last night try to make sense of levels - and a series of double bottoms jumped out me on the daily chart, so I googled the dates - and they all align to negative stimulus news. + +Examples: no second stimulus yet, stimulus pushed back, stimulus talks delayed etc. etc. + +So this market sell off - in my opinion (not advice, just speculation) - is yet another instance of fake out/chop before the next leg up on Spy. + +Now that we have stimulus: +[https://www.cnn.com/politics/live-news/stimulus-update-us-relief-bill-03-06-21/index.html](https://www.cnn.com/politics/live-news/stimulus-update-us-relief-bill-03-06-21/index.html) + +I anticipate market go uppies: + +TLDR: +Stimulus = Printing of money = debt = lower yields. +Fed put the ball in senates court by not introducing yield control - but rates should drop as free money becomes more available. +https://www.federalreserve.gov/newsevents/pressreleases/monetary20200409a.htm + +Read it and weep bears and those who keep pouting that we haven't hit the bottom... +Every once in a while this subreddit gets just overrun with XRP apologists. They tell us about how dumb we are for not seeing the genius of XRP and smugly tell us that we must just hate to make money. And once again I find myself explaining why I think XRP's evaluation is completely insane. Obviously it is a free country, and no one is going to prevent you from buying XRP, just please find your own space to talk about how wonderful it is. + + +First of all, I think Ripple labs is a fairly impressive company, and I would be completely open to buying stock in it, but I don't think that value proposition carries over to XRP. I even think it is completely plausible that Ripple supplants SWIFT's antiquated technology. + + +But let's assume that Ripple took over for Swift.... what would that mean. According to Wikipedia, SWIFT as of 2015 linked more than 11,000 financial institutions in more than 200 countries and territories, who were exchanging an average of over 15 million messages per day. [https://en.wikipedia.org/wiki/Society\_for\_Worldwide\_Interbank\_Financial\_Telecommunication](https://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_Telecommunication) + + +That means that SWIFT is doing approximately 5,475,000,000.00 transactions per year (15 million times 365 = 5,475,000,000.00) + + +XRP has a transaction fee of .00001 XRP (see [https://developers.ripple.com/transaction-cost.html](https://developers.ripple.com/transaction-cost.html)) Which means that over the course of a year, $27,375 XRP would be burned IF Ripple Labs took over SWIFT (.00001 \* $.5 \* 5,475,000,000.00) In addition, each Ripple account is required to have a small reserve of 20 XRP in order to trade. Assuming that all the 11,000 financial institutions in SWIFT had this reserve, that would take 220,000 XRP off the market. So based on these numbers, I am supposed to accept XRPs 20 billion dollar marketcap (which is actually more like 50 billion when total supply is factored in as it should be.) And then there's the risk that SWIFT or a bank consortium would fork the open source protocol and introduce their own fiat tokens + + +XRP's market cap seems completely ridiculous even if it had already succeeded. + + +Hi there. + + +I am currently looking to buy a piece of land, that have two active leases: + +1. A gas station +2. A car dealer + +&#x200B; + +According to the contract, the gas station is responsible for maintenance themselves, they have a lease running until 2026 and in the case they leave, they are also responsible for any cleanup of the ground. + + +The location is pretty good - a commercial area, with other dealerships and lots of traffic. I am, however, a bit worried about the gas station. + + +Do any of you own land, and have a gas station as tenant? Any special things/risks that comes to mind? +A little about myself I’m work at a very basic job that pays me minimum wage. Been working here since 2020 only earning $13 hour and it slowly went up to $15. I have about 45k to invest. (This is all the money I saved it from my job). I don’t have a car which means I don’t pay for gas. But I do have my Drivers ID. I have 1 year and 6 months of credit score. It’s at a 741 according to experian. I also have 2 years of work history from my tax returns. I found an out of state property for 400k I was thinking about doing an FHA loan. Do u guys think I should make the jump? (I live in Cali). Thank you for reading this and helping me! +Even though petrol in my town has now jumped from 1.60 to 1.90 in a day + +&#x200B; + +There is definitely no price gouging and the ACCC is definitely keeping watch on those pesky servos! + +&#x200B; + +/s +People on this sub have been talking about Loopring quite a lot and I decided to buy a couple of days ago. It has since more than tripled in value! I was wondering if LRC is a coin that also has more longterm potentiol to go even higher. I usually hold longterm, but woth the sudden hype for LRC I doubt whether this coin is good for that as well. + +What are your plans regarding loopring? Will you hold this coin long term? Or are you more likely to sell anytime soon if this trend continues?Or will you DCA into this coin long term? I'd love to hear you guys' strategies on this! +Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text + +[ Translation of the most important part: After asking how the Transfer is going, the agent replied: We don\`t do advanced, we only book when the shares are here. ](https://preview.redd.it/25rnp8o2mlf81.jpg?width=1080&format=pjpg&auto=webp&s=4464dedabbed3ccb619771f15533703cd7796325) +Ladies and Gentlemen, dear traders, miners, developers, hodlers, and observers! + +All of you might have noticed that the **Metropolis** phase of the [Ethereum roadmap](https://blog.ethereum.org/2015/03/03/ethereum-launch-process/) is taking longer than initially announced when the network launched back in 2015. Not only, did we split up Metropolis into multiple parts (Byzantium, Constantinople), it also looks like there will be many more protocol upgrades on the legacy Ethereum network ("1.x") during that phase. + +Besides, after dropping the idea of the hybrid Casper last year, now it looks like **Serenity** will not be a hardfork but a [parallel proof-of-stake network](https://www.reddit.com/r/ethereum/comments/ahqmmx/serenity_proofofstake_sharding_all_that_is/) ("2.0"). So, to avoid naming the next protocol-upgrade [Istanbul](https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1679.md), and becoming more and more clueless about subsequent fork names, and to show how creative our community is, I propose the exclusive r/ethtrader hardfork naming challenge for Ethereum. + +--- + +### Rules + +1. This is a _contest_ thread. Submissions only count on top-level comments. Comments below are just for discussion and love letters. I would encourage moderators to change the default comment sorting to _contest mode_ if possible. +3. Submissions should contain at least three example names and make a sense in any possible creative way. Please try to explain it. Bonus if that line of titles is extensible beyond three. Example: + > Ceres, Eros, Vesta, CA-2216862, Pallas - names of Asteroids settled by da beltalowda in the expanse, sasa ke? +4. This thread will be running for at least seven days. If this community appreciates this move, I will encourage to _sticky_ it. It is vital to cross-post it in other parts of the community, to reach as many participants as possible. +5. The top seven suggestions will make it to the finals, a donut-weighted poll here on r/ethtrader. +6. The winning entry will be added to an EIP outlining the Ethereum hardfork process and presented at a future all-core-developers call. + +Happy brainstorming! 🍩 🤯 🍩 🍩 🍩 + +--- + +### FAQ + +1. Why did you choose r/ethtrader? + > 🍩 +2. Why is Metropolis taking so long? Why is Serenity delayed? + > I don't feel confident to answer this. It took a while to finalize the specification for Serenity, and in the process, we discarded some ideas that looked good in the beginning but where superseded by even better ideas. We are still in the Metropolis phase. +3. Why is Serenity its own chain now? What does this mean for the legacy chain? + > The design of Serenity can be considered as third generation blockchain technology. It's easier to start from scratch and allow for a clear migration path from the legacy chain to the beacon chain. The old chain will eventually die once everyone transitioned to the next generation Ethereum. The details, however, are not fleshed out yet. +5. Why not just call all subsequent forks Istanbul? + > Istanbul is a valid entry, even though it's dull. I'm obviously biased but if you want to go for it, just propose it. +6. Why would anyone care about the community here? + > Because you are a fantastic community and you have donuts. +7. Why don't you come up with your own names? + > Because everyone will hate me for naming hardforks _CA-2216862_. Also, I'm not the boss here and love the power of crowd-sourcing. +8. _Star Trek_ or _The Expanse_? + > _The Expanse_. +**why closing at $14 and $200 DOES NOT MATTER** Facts not FUD + +I see a lot of confusion about this. (It also wouldn’t have mattered if they closed above $14 or below $200) + +**First** those large prints you see on the tape at 4 PM? That’s NORMAL. Every day at 16:00:02 the first NYSE closing print goes up. This tends to be larger on all Fridays, triple, and quad witching days due to opex. https://www.nyse.com/network/article/nyse-closing-auction?utm_source=homepage&utm_medium=banner + +This is not mAnIPulATIOn. This is how the market works. The reason you see the price jump/ change right at 4:00 is you’re watching the tick data until 3:59:59 then at 4:00:02 they put up the first closing auction print. + +On to the options component of our class - + +Obviously explaining gamma, delta, dealer hedging and open interest is really not getting through to you smooth brains. So I’m going to try a practical approach. + +Use the TWO WRINKLES YOU HAVE and think for ONE SECOND. Would the option market work if every time a dealer sold a call option they just sat around and waited until Friday afternoon to figure out if they needed to have shares to deliver for In the money (ITM) options?? Would that make ANY SENSE?! That people went and bought $200 3/19 GME options 2 weeks ago for $20 and the dealer just sat in their chair staring at their screen? And at 4 PM today dealers short calls from $125 to $200 went “oh well looks like I’m short $300M of GME I have to go buy next week.” + +OF COURSE NOT. This is what we mean by delta hedging. They have already bought stock as a hedge. As the price went up they bought more. That’s the “gamma squeeze.” + +As people close out their positions on Friday the dealers are unwinding. Some options will be exercised and... good news for the dealers! They have the stock! Because they hedged it! + +There’s all sorts of slightly technical reasons there’s small overhangs at 4:00 but it’s mostly done. + +Second practical point- HOW MANY FUCKING TIMES DOES THIS HAVE TO HAPPEN FOR YOU TO REALIZE ITS NOT HOW IT WORKS? Every Friday we hear “if the stock closes above/ below X then Y will happen next week.” And it doesn’t. Because QUITE OBVIOUSLY if that was the case you would see HUGE movements AH. Spoiler alert- you guys aren’t the only ones that can see open interest. Put on your practical hat again. Don’t you think if the entire street saw 30M options ITM and thought that many shares needed to be bought Monday they would do it... now? + +Options markets matter and you should learn more because it can illuminate what’s happening in stocks (Ie last week someone bought a whole lot of GME calls and set off this rally) but price at expiry matters very little. There’s slightly more to it (you can look up “pin risk” and “Max pain” if you’re interested I’m trying to get the most basic concepts across here). The reason AMC traded in such a tight range is because it got pinned at the $14 price due to large OI. This is not manipulation and is just due to mechanical hedging by dealers. +I’ve been investing for a little over a year now and continuing to learn as a I go. Currently I have a robo managed RRSP and TFSA account as well as a TFSA which has all of my stocks and etfs. I’m wanting to setup my accounts in a way to eliminate the 15% withholding tax on dividends if possible as my TFSA has quite a few dividend paying American stocks. + +Would it be wise to open a 2nd rrsp account where I manage things, and fund it by selling my American stocks in my TFSA (as long as they’re profiting)? + +Ex. I hold 24 shares of SCHD in my TFSA. Sell these shares, move the money to the new rrsp and reinvest into SCHD. +[https://ark-invest.com/big-ideas-2021/](https://ark-invest.com/big-ideas-2021/) + +If you want to read their thoughts on some "big ideas" in 2021. 112 page pdf... enjoy! lol +The lower number of new cases is only one day's worth of data for the US (still a possibility that it's just noise), but if this continues, then I think we have reached a point where downside is limited. It would show that we are capable of containing the virus. + +We may still have other economic consequences to deal with. Perhaps on and off quarantines until a vaccine gets distributed. But this is a very good sign in my opinion for anyone who is looking for long term buys. +Hey Everyone! + +I am 31 years old and finally opened up a Roth IRA with Vanguard. I have deposited $5000 and I plan to max out the $6000 limit annually. Like many other first time Roth IRA openers, I am trying to decide on what to invest in to start. + +From some research (Bogleheads etc…), I like the idea of the 3 fund portfolio. I initially wanted VTSAX / VTIAX / VBTLX but with the $3000 minimum investment it looks like i’ll need at least $9000 to start investing in all those funds. This brings me to ETF’s… it looks like if i want a similar 3 fund portfolio i would have to invest in VTI (or VOO) / VXUS / BND (or VGIT or VGLT) (ETF’s) + +As far as allocation I’m thinking… + +60% VTI +30% VXUS +10% BND + +I have also thought about putting all of my contributions into VTSAX or VFIAX. + +The Target Date Fund (mine would be 2055) is enticing as well due to the simplicity and the 4 index funds… but i don’t know… I heard you have lack of control and the returns may not be as high. There also may be high expense ratios etc… Please correct me if I’m wrong. + +I know i eventually want to be hands on and have control (rebalancing etc…) but i am still learning so If i were to invest in a Target Date Fund now i can always change up my portfolio in the future if i feel that its best, correct? + +This is my only retirement/investment account at the moment. I’m super new to investing and i want to avoid over analyzing and get this thing going haha. ANY help is greatly appreciated. Thanks! + +EDIT: Wow! Thank you so much for the incredible responses. Everybody's input has helped me and many new Roth IRA openers decide where to place our first investments. +The next distribution of Moons is ready. You can claim your Moons through the Vault in the Reddit mobile app (iOS/Android). + +Moons are r/CryptoCurrency's form of [Community Points](https://reddit.com/community-points), a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community. + +This distribution is based on karma earned from 2021-03-17 to 2021-04-13. [Here](https://reddit-meta-production.s3.amazonaws.com/distribution/publish/CryptoCurrency/round_12_finalized.csv) is the finalized list, with contribution scores signed by Reddit (users with no signatures yet do not have a registered Vault. They will be able to claim their Moons when they create their Vault through the Reddit app). +I've always wondered why people have trouble holding instead of selling and panicking. Isn't it much easier just to buy and hold? Especially after you see the market or the coins you hold always come back to at least the price you bought or more, I don't get why you'd ever sell. +https://www.marketwatch.com/story/these-are-the-bad-things-about-early-retirement-that-no-one-talks-about-2018-09-26 + +The author reflects on his experience of retiring 6 years ago at the age of 34, some challenges he faced in doing so, and how he dealt with those situations. +I just got 4,781 EUR invoice for 4 days car rental from Avis. In the invoice it states that odometer showed 804,854 km at return, and that I need to pay for 16,677 km at rate 0.23 per km. Those numbers doesn't make any sense. I only drove like 300 kilometers. + +I've seen that others have experienced similar situations with car rentals, are they doing this to mess with people or is it just a "honest mistake"? It seems to happen too often. What the hell is wrong with car rental companies? + +And this was the time when I was in a rush and forgot to take the photo of odometer at the return, so technically I have no solid proof? Though those numbers are just too unbelievable, it's not even physically possible to travel this kind of distance in a damn Peugeot, maybe with a space ship.. + +I've already contacted them but haven't received any response yet. I hope that it will be resolved. + +I guess this is a reminder to others that you should ALWAYS take all the proof you can when returning the rental car. + +Numbers in invoice: + +Total Distance Driven : 7,877 km + +Miles/Km at start : 545 + +Miles/Km at return : 804,854 + +Kilometres 16,677 @ 0.23 = 3,835.71 Eur + +[https://imgur.com/a/2Fp8y1X](https://imgur.com/a/2Fp8y1X) + +[https://imgur.com/w21GysR](https://imgur.com/w21GysR) + +&#x200B; + +**Update 1:** + +Today (22-12-2022) I got response from Avis that they have issued a refund. Still haven't received it yet but they mentioned that it could take 3-5 business days. + +I created ticket in [https://avis.us.abgcustomerservice.com/](https://avis.us.abgcustomerservice.com/) and also sent direct email to rental location office. Though there I didn't get any actual response. + +Then today I found direct manager contacts through [https://www.elliott.org/company-contacts/avis-budget/](https://www.elliott.org/company-contacts/avis-budget/) (the site was mentioned in comments, thanks for that), and customer support manager replied very soon that they have confirmed the error and refund has been issued. + +I hope that this is the "happy ending" of the case. + +Anyway this caused quite some stress to me and I spent several hours in finding contacts, writing emails to Avis and my bank - for something that was not my fault and should have been noticed and handled automatically on Avis side. +It was revealed that the identity of the 6th participant in the “trusted setup” ceremony, who was known by the pseudonym “John Dobbertin,” was Edward Snowden. + +The former United States defense contractor was among the other six participants, including Zcash creator Zooko Wilcox, Bitcoin core developer Peter Todd, and Coin Center’s Peter Van Valkenburgh. All of them received a part of the private key needed to create Zcash. + +Allegedly, Snowden didn't get any compensation, and his involvement was just for the public interest. In his interview with Zcash Media Snowden said: “The reason that I did that was I saw it being worked on by a number of trusted academic cryptographers. And I thought it was a very interesting project because when we look at cryptocurrencies in general, we generally see the cryptographic properties is being used to make sure it’s a fair ledger, but not that it’s been used to ensure that it’s a private ledger. The problem with that is you can’t have free trade unless you have private trade and you can’t have a free society without a free trade.” + +What is your opinion on Snowden's role in Zcash? + +[Image: coindesk.com](https://preview.redd.it/jzo76jmrgaw81.png?width=1024&format=png&auto=webp&s=5adfc3aa5426d09c2a7a2933fa033ff1eb16a1ed) +I’m 20 and don’t need the money anytime soon. Just want the most peaceful and stress free investing journey. First time on the sub so I don’t know what Canadian Etf is usually recommended, especially for younger people with more risk tolerance. +I get that it's exciting that we are hitting all time highs. Just note that every time bitcoin has exploded like this in the past there has been a MAJOR correction. Obviously what happens in the past won't necessarily happen in the future, but don't sell your house and throw it all into bitcoin assuming that mania will never end. It absolutely can. Don't put any money into bitcoin that would ruin you if it disappeared tomorrow. + +Bitcoin is fun, bitcoin is amazing, it's a cool technology, and its potential is unquantifiable but it makes no promises on future gains, especially in the short term. +Am I making a huge mistake? I feel like in the worst case scenario, I've just frozen up a lot of money for a few months. I really hope not though. I have a casino feeling that the end of Q1 will bring me a smile. + +Anyone have any more solid facts on it? Such as upcoming dates that will have eth catch up...? +I know BTC is breaking ATH, but I'm equally as happy to see ETH above $4k again. To everyone who bought ETH at or above $4k and held on, good job and thanks for not selling. The hodlers and the long term bulls are the ones who prevent large crashes by holding on tight and buying more as things dip. + +BTC may have pushed off the flippening by a few more years, and I'm happy to see BTC crushing it, but I do love seeing $4k ETH. See you guys at $5k and if $3k happens again before $5k, then make sure to buy a bunch more. I know I will. +Hi /r/personalfinance + +Last Friday, my husband was killed while riding his motorcycle to work when a car turned left right in front of him. Despite wearing every piece of gear available to him, he died almost immediately. + +I am a grad student/at home parent while he worked. We have a 4yr and twin 18m olds. I am literally suddenly doing this alone. + +I was, thankfully, the one in our relationship to handle the finances. So I luckily understand and have access to all the accounts. We weren't well off, but we weren't broke either. We were supposed to close on a house on June 16th. + +A GoFundMe was set up over the weekend for my kids and I and it has since reached over $22,000. I am also due to receive a $5000 check from a charity organization associated with what would have been my mortgage company (Veterans United Hone Loans). My FIL also claims that there's was a $25,000 life insurance policy taken out for my husband, but we never knew of it (it's apparently through USAA and I'll receive that check as soon as I send them a death certificate). + +I don't know what my next steps should be. I'm meeting with a lawyer on Saturday to ask certain legal questions, but I'm unsure about how to properly handle all these different bits of money. + +I read that GFM takes a percent of whatever you raise. I also don't know the tax implications of that money. Is it a gift? Or income? + +The gift question as well for the $5000; is that a gift? + +As far as the life insurance, I'm necessarily counting on it. But, if for some reason I do get it, how should I handle that. + +All combined, I'll suddenly have close to $50,000. My husband had no will, estate, plan, etc. I just want to make sure I get this all done properly so I can stretch this money as best I can. I know I'll get SSI survivors benefits (still working on figuring that out, too), but I just want to do this all right. + +Thanks, sorry if its all over the place. I'm slow on the uptake due to... You know. +HELLOOOO beautiful apes! + +Have a new theory on why these zombies are coming back to life. + +But first, take a look at this chart: + +&#x200B; + +https://preview.redd.it/bi1bu9qcbpl71.png?width=1186&format=png&auto=webp&s=4274025ef5ca50a8e5cd0c382f57d33bb3cf2245 + +If you had to guess which "meme" stock this is, what's your first guess? + +&#x200B; + +**insert censored tickers:** \*\*? \*\*\*? \*\*\*\*? + +&#x200B; + +WELL YOU'RE ALL WRONG CUZ IT'S A FRIGGIN PENNY STOCK THAT SQUEEZED TO 30K IN 2017. + +&#x200B; + +https://preview.redd.it/hqy95mjkbpl71.png?width=952&format=png&auto=webp&s=709c2fea88be35dd9088c064b332c963cb74b543 + +Okay okay lmao it squeezed to like 3 bucks because it had a 1-10,000 split recently (07/01/2021) and that's shown backwards on the chart. And that's why it says 30k. + +Now. Why is this relevant? + +Well first of all, this is proof that the "RETAIL BUYING FRENZY STARTED BY REDDIT IN JANUARY" narrative is false because this pattern was in 2017. + +But one obvious way it relates to GME is when it squeezed in February: + +https://preview.redd.it/ri1x1nugdpl71.png?width=1299&format=png&auto=webp&s=c574145073276f1c95f153661c4242d5dda515e1 + +That's the thing about these zombies. They be squeezing all at the same time in February. And start moving new volume all at the same time starting last month. + +A few wrinkle brains who wish to not be named helped me find some things. And we came to a consensus that.. well wait before I get into that part I wanna just give you some more data and maybe you'll come to the same conclusion before I spill those beans. + +&#x200B; + +This stock is TTSID which had a 1-400 split on 08/31/2021 + +&#x200B; + +https://preview.redd.it/5qoge16nepl71.png?width=1148&format=png&auto=webp&s=404dc654054a320ba312643eabb81c529759eada + +It started squeezing on March 26th 2021 and peaked on April 7th. + +The only place this stock is traded is Gre Tai Securities market. Ie. Taiwan + +I seem to remember hearing something about an Asian hedgefund getting margin called on.. what was the date? *\*Googles\** + +[https://financefeeds.com/archegos-chaos-wall-streets-shocking-event-2021-far/](https://financefeeds.com/archegos-chaos-wall-streets-shocking-event-2021-far/) + +*"The first sign of trouble came on March 26 when Goldman Sachs and Morgan Stanley began selling large blocks of shares for a client who had missed a margin call – a demand for more collateral to cover losses on trades that had gone awry. The stocks that were dumped are categorized as “second-tier tech”, and included Chinese search engine Baidu and American media conglomerate ViacomCBS. Their prices crashed under heavy selling pressure with the price of ViacomCBS shares, for instance, falling by more than 33%.* + +*By Sunday, March 28th, news emerged that the client was Archegos.* + +*On Monday, March 29th, Credit Suisse said it was in the process of liquidating the positions of a client that had defaulted on margin calls, and that the related losses would be “material”. Unofficial estimates put these losses at $3bn-4bn. Nomura, a Japanese bank, said that it was on the hook for about $2bn, possibly more if stock prices fell further. "* + +So we can directly correlate the collapse of Archegos with the jump of this stock. Same day. Same time frame Credit Suisse was going through their shit. Could this have been a short they bought back? Hmm.. maybe. I don't think so. + +&#x200B; + +Let's instead look at some more weird shit before I say why: + +&#x200B; + +Here's another February Squeeze and 1-150 split on 08/27/2021 + +AGFAD: + +https://preview.redd.it/lly47hkgopl71.png?width=1333&format=png&auto=webp&s=92d9dae8df749fc6baa5684c33183b5b84ac1a9b + +Jan and Feb Squeeze, 1-135 split 08/23/2021 + +YRLLD + +&#x200B; + +https://preview.redd.it/05jrcxvwopl71.png?width=1284&format=png&auto=webp&s=6f7165d1bd8f346956c9aa979af4e1193acc1522 + + + +Feb Squeeze, 1-1000 split on 08/20/2021 + +&#x200B; + +https://preview.redd.it/lwblplgappl71.png?width=1291&format=png&auto=webp&s=48e347c249a7df0738b905541796e88aacbf1409 + +Jan 26th Squeeze, 1-100 split on 08/04/2021 + +CDRV + +https://preview.redd.it/woo5uyplppl71.png?width=1328&format=png&auto=webp&s=3e7ae62821a337fc64d63d0c978227197fb7076c + +&#x200B; + +Jan and Feb Squeeeeeeeeze, 1-100 split on 07/26/2021 + +https://preview.redd.it/fnwajsyvppl71.png?width=1312&format=png&auto=webp&s=9b03a841d55f2bd57ef3fab4ada0d882898dff0e + +Jinkies guyyys, this sure seems like what those kids call a "pattern". + +I don't think that Credit Suisse was buying back shorts, I think some other kinda fuckery is going on because these have the same pattern but erupt before Archegos fell. + +&#x200B; + +Well let's rewind and go back to that first one. MMEX. + +&#x200B; + +https://preview.redd.it/ri1x1nugdpl71.png?width=1299&format=png&auto=webp&s=c574145073276f1c95f153661c4242d5dda515e1 + +Here's some DD about MMEX: + +\------------------------------------------------------------ + +[https://www.reddit.com/r/pennystocks/comments/lqoq15/mmex\_stock/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/pennystocks/comments/lqoq15/mmex_stock/?utm_source=share&utm_medium=web2x&context=3) + +*"Here’s an article from May 2017 talking about how MMEX is a shell company with no assets and “we do not currently have the cash resources to meet our operating commitments for the next 12 months” the company said.* + +*First line of article: ‘An Austin-based company that announced plans Tuesday to raise $450 million to build a new refinery in West Texas warned investors that it had a total of $3,335 of cash on hand and that it’s finances were shaky, according to its most recent public disclosures last year’* + +*‘It’s ability to continue as “an ongoing concern” was entirely dependent on its ability to raise capital from other investors, the company said at the time.’"* + +*"Of note, the company has a division named MMEX Solar Generation & Transmission. “We are generating and transmitting solar power to the Pecos Refining & Transport LLC 10,000 barre-per-day crude distillation unit.” Note the present tense. “We are...”. No, because the Pecos Refinery doesn’t exist. It was supposed to start construction in 2017. An press release February 8th 2021 by MMEX said they had selected finance companies for the project.* + +*Every photo I’ve seen of this is empty shrubland. Here’s an article with a photo of Jack talking to a congressman while standing in said land type while someone holds badly designed photos of the proposed project* + +[*https://www.mrt.com/business/oil/article/Hurd-reflects-on-lessons-from-time-in-office-15523234.php*](https://www.mrt.com/business/oil/article/Hurd-reflects-on-lessons-from-time-in-office-15523234.php) + +*Summary: if you invest in this company you are literally investing in nothing."* + +\------------------------------------------------------------ + +Lmao here's the picture he was talking about. It's so funny. Dude's literally in an empty field trying to convince investors to give him 450M for some crayons. + +&#x200B; + +[Someday Simba, this whole field will be yours. For 450 million dollars. It's a great deal. Get in on the ground floor, Simba. GET IN ON THE GROUND FLOOR!!!!](https://preview.redd.it/uwcf0v83upl71.jpg?width=1200&format=pjpg&auto=webp&s=35a57cb717f07561df0c6e6bf99c72cfc7417615) + +&#x200B; + +Take a look at this: + +[https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=100139613&type=PDF&symbol=MMEX&companyName=MMEX+Resources+Corp&formType=10-Q&formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&dateFiled=2017-03-28&CK=1440799](https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=100139613&type=PDF&symbol=MMEX&companyName=MMEX+Resources+Corp&formType=10-Q&formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&dateFiled=2017-03-28&CK=1440799) + +Before the squeeze they decided to break their shares into class A and B + +Class A shares at 1 vote per share. The class B ones had 10 votes per share. + +**"As of January 31, 2017, we had current assets of $82, comprised of cash, and current liabilities of $2,397,210, resulting in a working capital deficit and a total stockholders’ deficit of $2,397,128"** + +They were paying people in shares and making them feel special with the Class B shares that had extra rights. + +They went from 3 billion in shares to 10 billion when the underlying company had 82 fucking dollars in assets. + +What they up to now? + +They just released a statement: + +[https://mmexresources.com/press-release-media/mmex-resources-corp-advances-sites-for-hydrogen-and-clean-energy-projects-august-2021/](https://mmexresources.com/press-release-media/mmex-resources-corp-advances-sites-for-hydrogen-and-clean-energy-projects-august-2021/) + +**"has completed additional site acquisitions of 324 acres for its West Texas projects, bringing its total land ownership to 450 acres."** + +Lmaooo still they haven't done shit except buy land and make announcements. Press releases to dupe some investor into giving them hundreds of millions of dollars to buy more land and make more press releases with footers like: + +**The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, which could cause our actual results to differ materially from those described in the forward looking statements. These risks include but are not limited to the Company’s ability to continue as a going concern, our lack of revenues, general business conditions, the requirement to obtain significant financing to pursue our business plan, our history of operating losses and other risks detailed from time to time in the Company's SEC reports. In particular, readers should note MMEX undertakes no obligation to update forward-looking statements.** + +&#x200B; + +OKAY so what have we learned so far about MMEX? It's a company that does absolutely nothing but shady shit. + +And this company that does shady shit had it's stock squeeze in the exact pattern as the so called "Meme stocks" but in 2017. Which means this fuckery algorithm goes back further than we thought originally. How many others like this can we find? How much further back? 2015? 2010? the 90s? + +And it squeezed in February 2021. Just like the other OTC stockies. And just like those other stockies, it had a stock split recently. + +Why am I going so hard on the DD for MMEX specifically? + +Well to show that this company has absolutely no problem doing shady shit. And it's obviously connected to GME in some way based on the chart. I wanted to make the "shady shit" connection more than anything. Because up till now we've had legit reasons for things that just seem shady. + +Nah these dudes play pretty shady af, it's obvious. They have no assets, just a bunch of land and bullshit statements. It's the poster child for a shell corporation being used for money laundering. + +&#x200B; + +I'm starting to think maybe in my last post I overlooked something important. + +Remember Park Vida? + +It's almost the same situation as MMEX. + +They got land deals, proposed to do certain shit and just never did it. + +\------------------------------------------------------------ + +From Park Vida's FB: + +[https://m.facebook.com/parkvidadr](https://m.facebook.com/parkvidadr) + +*"ParkVida, located on the edge of a national park in the foothills of Pico Duarte (Dominican Republic's tallest peak),* ***is destined to become*** *the next best adventure eco resort. Imagine waking up in your own private bungalow nestled on the hillside, with vista's to die for. Soothe yourself into the laid back lifestyle with a spa or fill your day with activities ranging from downhill mountain biking, hiking, fishing and quad biking. Learn all about coffee growing, cooking delicious local food and learning a little about the culture and giving back to nature.* + + +***There will be plenty more, but you'll have to stay tuned in to find out what's happening as the development progresses...watch this space and we will keep posting updates.*** *"* + +\------------------------------------------------------------ + +&#x200B; + +I don't believe in coincidences. The fact that we have two examples of almost the same situation within a company where they bought land (so they say) and made big plans to do stuff, but never did it.. AND their charts correlate with GME... What if they were created for the sole purpose of being used in this scam? + +What if Shitadel and friends create fake shell corporations so it can get listed and be added to a pile of stocks they fuck around with? + +And that got me thinking.. What if they use VC firms to do shit like this too. Fund the company, put sleeper agents on the board, run the company to the ground, short the shit out of it, bankruptcy, never close shorts. Rinse and repeat. The initial seed investment would be nothing compared to the profit they would make if they let the stock run and short the shit out of it. **(*****Cough*** **Robinhood** ***Cough*****)** + +But that's a rabbit hole for another day. + +I really think these splits are important. + +Granted, Park Vida never had a stock split. But... Keep an eye on it. Maybe it will. If Park Vida randomly has a stock split in the next month or so, then that's further proof. But it's just one of many many many OTC zombie stocks that are following the same sort of pattern. + +And I don't have the time to look into every single company like this. So I would invite ya'll to try and dig up the dirt from this: [https://eoddata.com/splits.aspx](https://eoddata.com/splits.aspx) and make your own posts like this so we can expose more shady shit. + +&#x200B; + +Now that we got that out of the way... + +I feel a wrinkle forming, I just can't put my finger on it. There's a connection here. There has to be. + +Why the splits? What is so important about these damned splits? + +And what could it have to do with margin calls? + +&#x200B; + +Okay let's play it out in our heads. + +I'm a Hedge Fund. I've massively shorted Gamestop to the point where the entire economy is at risk. But more importantly, my ability to eat at fancy restaurants and do coke off hookers asses is at risk. + +My task is to do everything as shady as possible to keep being able to do coke off hookers asses. + +If I'm constantly at risk of being margin called... + +What do I need the most? + +I need..... I NEED LIQUIDITY. + +&#x200B; + +https://preview.redd.it/m31pc1bu4ql71.png?width=962&format=png&auto=webp&s=8ecb923c7c832333a44a6e67755099e2bb093f00 + +We know all the other shit they're doing. But what the fuck is the connection between the Zombies and Marge? + +[OTC Zombie Marge limited edition NFT coming soon to a GME marketplace near you lmao](https://preview.redd.it/ffi9msli5ql71.png?width=134&format=png&auto=webp&s=c69036b3ab66d9ac4fb32e4ba890375e7eade145) + +&#x200B; + +I neeeeeed liquidity. So what if I held long positions in some of these OTC zombie stockies in some way instead of a short. Through a swap or a Cayman Islands 1940 Investment Company Act fuckery so no one would know it's me. + +Would a stock split help me in some way? I would have a lot more shares. That's kinda cool. But they're all valued at the same price as they were before the split. So what's the point? + +What if I could lie about the value of these stocks. Could that help me? + +Oooh what if.. I could cause a stock split, giving me more shares and then somehow raise the value of the stocks by lying about them. AND lie about when I sold them too. + +Like GME for example, hypothetically what if somehow I could lie that I had 100 times the shares I have now, and also say I sold during the baby gamma squeeze in January. That would be sick, right? + +But it's impossible. The past is the past. What broker will allow that? And who would pay me? It would serve no other purpose except to... *look good on paper*. + +Well.. if I needed liquidity so super bad, and all I had to do was show on paper I have a bunch of money so I don't get margin called.. This might work. For one more day at least. + +But darn it, these stupid rules of the stock market prevent me from doing such a thing. + +[https://www.ecfr.gov/cgi-bin/text-idx?SID=4712bf41ea737211b3f1efa65d0f2ef1&mc=true&node=se17.5.270\_10\_62&rgn=div8](https://www.ecfr.gov/cgi-bin/text-idx?SID=4712bf41ea737211b3f1efa65d0f2ef1&mc=true&node=se17.5.270_10_62&rgn=div8) + +"§270.0-2 General requirements of papers and applications." + +[https://www.ecfr.gov/cgi-bin/text-idx?SID=4712bf41ea737211b3f1efa65d0f2ef1&mc=true&node=se17.5.270\_12a\_61&rgn=div8](https://www.ecfr.gov/cgi-bin/text-idx?SID=4712bf41ea737211b3f1efa65d0f2ef1&mc=true&node=se17.5.270_12a_61&rgn=div8) + +§270.2a-1 Valuation of portfolio securities in special cases. + +[https://www.ecfr.gov/cgi-bin/text-idx?SID=4712bf41ea737211b3f1efa65d0f2ef1&mc=true&node=se17.5.270\_12a\_65&rgn=div8](https://www.ecfr.gov/cgi-bin/text-idx?SID=4712bf41ea737211b3f1efa65d0f2ef1&mc=true&node=se17.5.270_12a_65&rgn=div8) + +§270.2a-5 Fair value determination and readily available market quotations. + +But what if I were exempt from them? Wasn't there a big DD about being exempt from them not too long ago? + +Oh yeah there was: + +[https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling\_in\_the\_deep\_dive\_hiding\_money\_in\_the/](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/) + +Yeah theoretically if I were exempt from all these rules, I would be able to pull this off. + +Maybe not lying about when they sold them, that's just a random idea that I feel might have holes I have yet to think of, but definitely lying about the value of them. + +And that's my theory on one of the **many** reasons why the Zombies are coming back to life. + +Thank you for coming to my TED talk. Tip your waitresses. No seriously, this company called Citadel fucked up her life by shorting the company she works for. She's gonna lose her job. Tip the fucking waitress. + +*Disclaimer: I'm kind of an idiot, so idk if I'm right or wrong. But it seems to me that all of this is plausible. And it raises more questions and opens more paths of investigation. I could be SO totally way offffff about 99% of this. But 1% I'm right about sparks some thought into someone who goes and figures something else out. It's a trial and error process of finding patterns, speculating, and sharing.* + +**TL;DR ONE of the many reasons Citadel could be using some of the OTC Zombies is by lying about their value to have fake liquidity for the books with stock splits and rule exemptions to value at w/e they want and file what ever they want whenever they want.** +Update: +----------------- +Link to day 2 post +https://www.reddit.com/r/Bitcoin/comments/7h4cny/give_bitcoin_this_christmas_ill_start_with_25/ + + +&nbsp; + +Main post: +----------------------------------- + +For the 25 days up to Christmas I will donate 1 Bitcoin to a good cause suggested by r/bitcoin. +It can be a charity, an open source project, a crowdfund or anything else. + +&nbsp; + + +When submitting a suggestion it would be great if you could link to a donation page with a Bitcoin donation address if available. +This will allow others to find and donate to causes they wish to also. + +&nbsp; + + +Each day I'll pick from the suggestions, likely the most upvoted one. +I'll ignore any scams. Also I think that it would be best to have 25 individual donations so I will pick a different one each day. + +&nbsp; + + +I would like to encourage everyone here to try and donate anything they can too. +Either to the same causes I do, others suggested that I didn't donate to, local charities or family and friends in need. +Especially if the recent price increase has been good for you. + + +&nbsp; + +I will try to send donations as fast as possible but there may be times where I have to do more research or checks to verify the suggestions are legit. + +&nbsp; + + +Proof of funds: +Message: "Give Bitcoin this Christmas" +Address: 34WbSyrtibUJiFbRa7ukLC8RGdFMnQRn4b +Signature: I8vZgsyOb1CKbTjo/Mravp03yIFnC94GNTVYOkBbhIUPUajfKPg4nh8zj7dWu5qzev2nsAtByLwpHHDnVwyAxsI= + +&nbsp; + +Lastly, if you wish to give but don't have the time to check Reddit for the next 25 days you can send Bitcoin to the address above. +I will divide the extra Bitcoin sent to that address by 25 and donate it to each of the chosen causes on the 25th or the 26th. + +&nbsp; + + +P.S. Please make sure that any donation websites or addresses posted are legit before sending Bitcoin as unfortunately +we usually have to deal with a lot of scammers when doing giveaways. + + +New strikes were just added to AMC. 75 -120. You may not see/be able to trade these depending on your broker, although everyone should see them tomorrow. +[Original Post](https://www.reddit.com/r/financialindependence/comments/bbpcpb/im_about_to_resign/?utm_source=share&utm_medium=ios_app) + +Today was the big day. And it went significantly better than I had anticipated! + +I informed my line manager that I would like to leave the industry to pursue another career. He was incredibly supportive, and said it didn’t come as a huge surprise to him (apparently I don’t have a great poker face!). He’s encouraged me to look for other roles, and is open to me remaining in my position until I find something else. He even gave me some helpful advice based on my interests & skillset. + +I haven’t quite picked my jaw up off the floor yet, but suffice to say I’m a happy bunny. Now begins my search...! I’ll update you all once I figure out my next steps, wish me luck :) +>A slew of factors including rising shipping cost and supply chain bottlenecks are persisting and should last through the upcoming holiday season. +> +One issue is that the cost to ship containers overseas has soared in recent months. + +>Many companies have indicated that consumers at least for now are willing to take on higher prices. + +>Rising inflation expectations could cause the Federal Reserve to change policy course. + +https://www.cnbc.com/2021/09/24/costco-nike-and-fedex-are-warning-theres-more-inflation-set-to-hit-consumers-as-holidays-approach.html +There is a relatively new study from August 2019, published in Brazil, following 19,646 day traders with a clear result = day trading has no edge, as most of the traders became less profitable as time passed, just like roulette where the profitability success rate after 1 game is for example 20%, but after 100 games is 0.001%. + +I'm quite surprised that I couldn't find any reddit disccusion regarding that article. + +Maybe people don't wanna hear the truth? maybe that's why 99% of the people here are new? because this is a loosing game? What do you think? + +Below I add part of an article from "tradingschools" + +# Day Trading For A Living? + +# On August 19, 2019, the Sao Paulo School of Economics published a highly controversial study about Futures day traders in Brazil. This published study made front-page news across the country. Literally, nearly everyone in Brazilian society was talking about the study. Day trading in Brazil is extremely popular, and extremely controversial. Its like soccer. + +On one end of the spectrum were the brokers, the educators, the software providers, the soothsayers, and indicator gypsies that have been hyping (and profiting from) the industry for years. On the other end of the spectrum were the scientific community, including social scientists, economists, and data scientists. Let’s just say that the scientific community was in the extreme minority. + +The scientific community was extremely skeptical of many of the claims of “people getting rich quick” and the constant television and internet ads that promised “day trading” glory and “work from home” opportunities. + +And so, the Sao Paulo School of Economics commissioned a study that tracked a total of 19,646 day traders from 2013 through 2015. The data was broken down into bite-sized chunks to better understand the data. + +The first group of day traders totaled 1,111 individuals that day traded only a single day. Of this group, 29.8% achieved a profit. + +The second group of day traders totaled 9,978 individuals that day traded between 2 to 50 days. Of this group, 15.5% achieved a profit. + +The third group of day traders totaled 3,100 individuals that day traded between 51 to 100 days. Of this group, 8.9% achieved a profit. + +The fourth group of day traders totaled 2,738 individuals that day traded between 101 to 200 days. Of this group, 6.8% achieved a profit. + +The fifth group of day traders totaled 1,168 individuals that day traded between 201 to 300 days. Of this group, 5.4% achieved a profit. + +The sixth group of day traders totaled 1,151 individuals that day traded greater than 300 days. Of this group, 3.0% achieved a profit. + +What does this data suggest? Ironically, the data suggests that the odds of achieving day trading success is nearly identical to playing roulette at a casino. The more you play, the greater the likelihood that you will lose everything. + +The social scientists were particularly surprised to discover that ‘learning’ played nearly no part in the results. For instance, it was assumed that if a person had traded 6-months and 200+ trades, that they would learn to trade better or improve upon their trading strategies to achieve greater success because they were “learning from experience.” + +And this is just what the trading educators want us to believe…that we need to “learn” and over time, this “learning” will improve our results. But the data absolutely destroyed these assumptions. In fact, the more a person “learned” to trade, the worse their performance became. It seems like “practice makes perfect” does not work in day trading Futures markets. + +The Brazilian traders that actually earned an income + +We all know that some folks, through luck or skill, are going to achieve success. Let’s take a look at those figures now… + +The first group of successful day traders totaled 17 individuals that earned an average of $16 per day. + +The second group of successful day traders totaled 8 individuals that earned an average of $54 per day. + +The third group of successful day traders totaled 1 individual that earned an average of $310 per day. + +But here is the sad part…of these successful Futures day traders, the standard deviation of their daily profit ranged from $632 to $3,308. What does that mean? In other words, in order to consistently earn $80 per day, you would also have to experience massive daily fluctuations of between $632 and $3,308. + +And based upon the data, only one person was able to earn more than a minimum wage job. + +# It gets worse + +# For those 1,151 day traders that persisted 300 days, 97% lost all of their money once commission was factored in. + +Even the highest performing trader that earned an average of $310 per day ended up barely profitable once the commissions were factored in. How sad are these numbers? + +In conclusion, the study stated that **“It is virtually impossible for an individual to day trade for a living, contrary to what the brokerage specialists and course providers often claim.”** + +So what should you do? + +If you are stuck in that sad wheel of constantly funding a day trading account, and constantly looking for a new ‘Guru,’ then perhaps its time to put the mouse away. At least for a while. + +The sad and sorry truth is that day trading is mostly a scam. Yes, some can pull it off successfully. Just like how some people will be cured of cancer by drinking apple cider vinegar. But the overall scientific data put the odds at roughly equivalent of playing roulette. The more you play, the greater the likelihood that you will lose everything. +1. Folks buy in and some make profit quickly. +2. Price drops, hands shake. +3. Folks who made profit want to make more. +4. Folks who lost want to make more. +5. Folks wait for price to be "right" to buy back in, but very few will sell at a half loss. + +We are here now. Chill the fuck out. You might have to chill for a week, or a month, or a year, but you're not waitressing at Chili's so you're good. Chill. + +All crypto is moving together except maybe Cloak and Dumbshitcoin. If ETH was red while all else was green, 90% of the posts on this forum would make sense. + +But right now, we're in an LA traffic jam, blaming our Lambos for being slow. It's not the Lambo. +To give a little perspective on both how far we've come and how terrible we humans are at predicting the future, take a look at these price predictions from late 2016: + +https://www.reddit.com/r/ethtrader/comments/5f5xj1/price_ethereum_end_2017/ + +One of the most bullish predictions: + +"I'd say $42 for ETH end 2017... +but expect $97 end 2019" +We bought it on a recommendation from my father-in-law, who I fully trust. He’s been working with this same financial guy for 20+ years and we met the guy and the whole life policy sounded like a no-brainer. We are over-funding the policy at $400 month. The plan was to borrow against the cash value for college and also use it for retirement. I suggested this to someone in another post and was downvoted into oblivion. I usually pride myself on smelling bullshit but now, I’m wondering what I’ve missed? +I always see advice here to hire a good CPA for high income folks. I live in VHCOL area and work for a FAANG company. Last year my AGI was around $1.5M and it will be around $2M this year. All of this income is W2 income (base+bonus+vested RSU). I ended up with total tax rate of ~43% (Fed+CA) for 2019. My not-so-expensive CPA tells me that there is absolutely nothing that he can do to save on taxes if all of my income is on W2. If he is correct, is there a point in me looking for a “better” CPA? +(I've already posted this on r/Amazonprime but I need advice from as many places I can get) + +TLDR: Amazon didn't deliver £378 worth of items, and they refuse to give me a refund, insisting that I need a PDF report from the police, which the police don't give out. Now they are refusing to give me a refund and refusing my dispute with my credit card company. + + +I ordered a new phone and Fitbit off Amazon early December, both items were supposed to arrive in a box along with other items I ordered. When the delivery arrived, everything else in the order EXCEPT the phone and the Fitbit (valuing £378 in total) never arrived, however a pair of clippers that we DIDN'T ORDER was in the box. This was Dec 1st. + +I contacted Amazon about it, one associate told me "the two items will be in a separate shipment and should arrive by 3rd Dec". I replied that this was strange as on the Amazon app, it said that the phone and Fitbit was "delivered Dec 1st", along with the other items in a single parcel. The associate told me that this may be a scanning/logistics error and she reassured me the two items will arrive by 3rd Dec, and if anything goes wrong, Amazon would surely help me get a refund. + +3rd Dec rolls by, and nothing arrives, so I speak to Amazon again. +This time, the associate tells me that everything should have arrived by 1st Dec, and it was clearly indicated on the tracker that the Fitbit and phone had arrived. I told them this wasn't the case and regurgitated what I said to Amazon initially, and they said "no worries we'll help you refund it", and I thought "great, that was easy". + +I was so so wrong. + +Next, I get emails saying that I have to submit a police report and provide a reference number and a PDF of the police report. Even though I thought it was absolutely ridiculous, I submitted a police report, and got a reference number. + +The police e-mailed back to me, saying that they have filed it and they email ended with this: +YOUR REPORT HAS BEEN CRIMED AND FILED AT SOURCE, AND WE WILL TAKE NO FURTHER ACTION UNLESS ANY ADDITIONAL ENQUIRIES OR SIGNIFICANT EVENT OCCURS. + + +I screenshot this email, along with the crime number and sent this to Amazon, however they insisted I needed to submit a PDF report from the police, not a screenshot, and they wouldn't accept this. I phoned Amazon countless times and they kept saying "we can't reach the police as their wait times are long so you have to send us a police report". + +I then had to talk to the police to get a PDF report, to which they said I just needed to fill out some forms and send it back to them, which I did. + +In the meantime, I contacted my credit card provider to dispute the £378 charge and to issue me a refund for the two items, providing screenshots of when I spoke to Amazon customer service. The credit card company refunded me, and I heard nothing from the police, or Amazon for around a week or two. I had also emailed jeff@amazon, who replied to me saying that because I had already disputed this with my credit card company, they've already refunded me and Amazon can't do anything about it. Given all this, I assumed that the case was closed. + +I was wrong yet again. + +Today I received a letter from my credit card company saying they're charging me £378 again because Amazon had provided evidence that they had delivered me the two items - screenshots of the parcel tracker. I phoned my credit card company about it and they said "we can't do anything about it, you have to talk to Amazon yourself because they provided evidence that the goods had been delivered." They said if I tried to dispute the charge again nothing would happen as Amazon has already provided evidence. + +I was now frustrated that the police hadn't gotten back to me about the PDF report - it had been around 2 weeks now, so I contacted them again. I was fed some more BS - they said that they don't normally issue PDF reports, and that I would have to pay if I wanted a PDF report - they never mentioned this during our initial chat! They said that Amazon would have to email the police requesting for a PDF, and that she'd put a note on the case but it would take over a week to hear anything back, if at all, as they don't normally issue PDFs. + +I phoned Amazon again to inform them that they need to contact the police themselves, and this particular associate said "no worries, we'll refund you the full £378". I was perplexed and asked them "so you don't need a police report?", and the guy said "no, we'll get your refund processed right away". A confirmation email saying that they've requested a refund of £378 to me was sent to my Inbox. I was like, "great, I can live my life in peace". + +I was wrong yet again!!! + +I get another email a few hours later saying that Amazon will refund me £32 - wtf??? +I live chatted with Amazon, and the guy said "this is probably an error, so just ignore it, you will receive a full refund of £378". I said "no I won't ignore it, I need you to send me a confirmation email". He said he would when the chat ends, so I waited, nothing happened. + +I called Amazon once again, and this associate had no idea wtf what was going on. He said "you need to provide a police report", to which I said "your colleague told me today that I don't need to, and I have confirmation that Amazon would refund me a full £378." He said "sorry that must have been a mistake" ??? He said that he will need to contact the police for a PDF report and that I will need to call back within an hour. + +This has just been a big massive back-and-forth between me, the police, and Amazon. + +I'm honestly at loss right now and I have no idea what to do despite trying absolutely everything. The Amazon customer service associates have each told me different things and I've tried everything to get my money back. I don't know what to do and I am really worried that I will end up having to pay £378 for items that didn't arrive. +Please could someone help/give advice? + + +UPDATE: I called Amazon and they said they have (finally) validated my +police report, and they said already refunded me £378 on the day i requested the charge back from AMEX (this is true). I said this still doesn’t explain why AMEX has send me a letter today saying that I will have the £378 credit re-applied on my next billing statement. She said that I shouldn’t have to pay the £378 if AMEX does charge me, and that Amazon will help me get my money back if they do (that’s what they said last time…). Apparently the £32 was a goodwill gesture lol. I will come back with any updates if AMEX ends up billing me. But thank you for everyone’s help so far, let’s hope I don’t get billed next month! +As someone new to stocks and swing-trading pennies, I'd like to get your opinion on why Bionano Genomics (BNGO) has taken off while other stocks hyped here recently have not over the same time period. I saw BNGO being talked about a lot in December, and while I did buy into ZOM, ALPP, CLWD, TLSS, and GAXY, with some doing better than others, I just ran out of funds for BNGO and skipped it. Surprise, BNGO went from 0.50 to $7, +1400%. Then it pulled back to $5 and I thought, well, I missed that boat...surprise! back up to $8 or 1600%, or 160% if one had bought in a $5.. So besides the usual "don't chase rockets" advice, why is it doing do well relative to other current r/pennystock darlings? +A little bit of context: my flight was cancelled due to COVID19, I filled in the form to request a cash refund approximately a month ago and until yesterday the only emails that I had gotten were saying that I had to wait as there was a high number of refunds that needed to be processed. + +Yesterday, a few hours after reading this [post](https://www.reddit.com/r/UKPersonalFinance/comments/g37odt/ryanair_delaying_refund_by_giving_credit_then/), I got a similar email, basically saying, we have ignored your request for a cash refund and we are giving you a voucher. If you want a cash refund, speak to us on the chat. + +After waiting in the queue of the chat. I get the following message regarding why I haven't been offered a refund and why they can't tell me when it will happen: + +"*Please note that as our payment agents are required to stay at home in the fight against the COVID-19 pandemic, payment security restrictions prevent us from processing cash refunds until the COVID-19 crisis has abated. Your voucher will be valid until the refund is paid"* + +I answer that I will then issue a chargeback to which he answers: + + "*In case you do issue a charge-back through your bank account you might be banned from Ryanair, I am afraid. I advise you to wait until the refund is processed."* + +I don't really want to be banned from Ryanair, do you guys think they will actually go through the ban? +[Month over month, the bleeding has slowed down in many parts of the GTA for detached homes. However some of the outskirt cities continue to see double digit drops.](https://preview.redd.it/nmigk20vkcj91.png?width=2338&format=png&auto=webp&s=2f414dc1898629644d089f54774d399f8aae2bf4) + +PS - We'll have August numbers in 2 weeks. There's been a few asks for other regions, let me know if you'd also like to see that or any other analysis and I'll see what we can do. If you found value in this, you might enjoy our other maps and analysis in our [market pulse newsletter.](https://doorinsight.com/market-newsletter) +RIP to SU shareholders yet again... + +CALGARY - Shares in Suncor Energy Inc. are trading sharply lower on 2020 production guidance cuts as it restarts its Base Plant oil sands mining operation following a fire in the extraction area in mid-August. + +In Toronto, the shares fell by as much as $1.80 or 8.9 per cent to $18.44. + +Suncor says Base Plant production was restored to 165,000 barrels per day of mined bitumen by the end of August following repairs but said it would restrict output to manage bitumen quality, meaning full rates of 300,000 bpd won't be achieved until the middle of the fourth quarter. + +Meanwhile, it says it is working to restart the second extraction train at its Fort Hills oilsands mine this month, with initial production of 120,000 to 130,000 bpd. It was shut down early this year because of low oil prices. + +Suncor adds it will reduce production at its Firebag thermal oilsands project, which produces bitumen by injecting steam through wells, to 110,000 bpd for four weeks as it performs maintenance originally scheduled for 2022 and does work designed to expand capacity by 12,000 bpd to 215,000 bpd. + +Full year corporate production is now estimated at between 680,000 and 710,000 barrels of oil equivalent per day, down from between 800,000 and 840,000 boe/d in the original guidance last December. + + +https://www.bnnbloomberg.ca/suncor-shares-fall-on-lower-oil-sands-guidance-after-mine-fire-repairs-wrap-up-1.1490855 +I have 101 shares at around $53. In a situation like this, is my best bet to let it ride, and hope my shares aren't called? Or are there other positions I can take to profit off the run up? +What is everyone's take on a recession coming and fast? + +Historically there are some excellent indicators that almost always precede recessions. + +A few of them are the title of this thread. Additionals are that the dollar is rising (global recession, money is flowing into the US like a giant sinkhole because the rest of the world is imploding, too) and worse, Gold is rising. + +Gold is near a top and won't come down. The reason this is bad is because rates are higher, so the "real rate yield" should be lower - assuming inflation is staying the same or decreasing. + +For Gold to be going up means someone feels the pressure of inflation. Negative real rates are increasing, not decreasing, in spite of the rising rates. + +What happens when the FEDs have to take the 3-months and spike it by 25%? God forbid 50%? Which I think we will find out this next week that the FEDs intend to do a first rate hike of 0.50% and 4+ hikes. Conservative estimates have crept from 3 to 4 (CNBC), with middle estimates at 4-5 (El-Erian) and high estimates of 7 rate hikes (JPM). + +I forget who said 8 hikes, I think it was Peetry from Interactive Brokers who basically spelled out that the Balance Sheet of the FEDs is a total disaster. + +EDIT - for the losers who just say "here we go again". + +2018, 20% market correction, $600 Billion dollars per year required to be reduced from Balance Sheet. FED had to stop the program early to avoid recession near middle of 2019. + +Today - to get Balance Sheet under control today. FED targets ***$1 TRILLION PER YEAR*** reduced from balance sheet. +Hi all, new to selling CC, have a question I haven't seen the answer to. + +Do you guys ever buy to close a CC early that is in no danger of being assigned? Lets say my underlying is $100, I sell a cc 45 days out for a $2 premium. The stock drops a few $, now I can close that contract for $0.50 with 30 days left, and sell another CC 45 days out for another $2 instead of waiting for it to expire worthless. + +Does it make sense to do that or am I missing something? Is that just the same as rolling out and I'm overhinking? +Me and my teacher are homies, no one was being mean to eachother. My economic teacher, yes I’m a 17 year old degenerate, and I have been arguing all year about tesla, and now GME. He’s been teaching our class about bubbles (GME is a bubble it just hasn’t popped yet, there’s still profits to be made) in the market and is always talking down to me like I’ve got no knowledge in the stock market. He kept saying GME had no chance to pass $60 today because of hedge funds and such. I can’t bringing up that a short squeeze was possible. + +Today we argued abt GME. I told him it was going to the moon, talked about the short sellers, shitron and such. He called WSB a bunch of idiot millennials who will go broke, said the same thing about tesla. Today I had the honor of telling him to check GME when the ticker was at +79%. He stared at me pissed off and I said “how are your puts now e-trader”. + +Ik the dudes a ton smarter then me on economics I just thought it was funny + +Boys we took a dub today. All of that gets left behind us if we sell. Don’t let them win. + +Positions: GME Feb 26 ‘21 $115 call, 45 shares + +Edit: I have a custodial account, me and my teacher always mess with eachother like that I’m not “bullying him” + +Edit 2: I know I’m retarted I thought the story was funny cause he is smarter than me damn chill +Everyone is excited about house prices falling by a few %, but what difference does that make when everything has doubled in the last few years. + +Especially when real wages have been the same for a long time. + +5-10% fall doesn't really make a difference. + +EDIT: Thanks for all the comments. I agree that if prices do fall 30% over 12 months it will be a different story. Although I believe property is overpriced I doubt it will happen. +Also agree with others that spending your time doing more productive things like culture/ art/ innovation would be a lot more useful for your life and society than speculating on property, but that's a discussion for another time. +Super confused on how holding onto ether will allow me to earn passive income? How and when is this possible? Bought 2,000 worth of ether at 315. Would love to put more into it if I can earn a passive income. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Real simple. Just call the loan office. + +I posted a few days back asking questions about technicalities and if I was in danger of repo and truthfully the advice I got from the post was harsh (more to-the-point than anything) but tits-on accurate. I was in danger of repo and they were looking for me. + +However, I ended up having to pay less than I thought I would (less than half) along with a 30 breathing period that will pick up with regular payments. And I was 97 days past due. More than I thought. + +Now I can actually close my eyes at night instead having my heart race and me jumping to the window to see if I have to beg for my car not to get towed. + +Weight=lifted. Thanks reddit. + + +Last month (pre-crash) I posted about [my problems with *Wealthsimple*'s "socially responsible" investing (SRI) portfolio](https://www.reddit.com/r/CanadianInvestor/comments/f6hxtk/my_problem_with_weathsimples_socially_responsible/). In addition to having five of 'Big Six' tobacco holdings, the portfolio contained more in oil/gas/coal than renewables. + +Part of *Wealthsimple*'s response was to have their legal department file a DMCA takedown notice against the main image. The image WS wanted removed was of CEO, Mike Katchen, smoking a cigarette in front of the Fort-McMurray tar sands. An obvious paroy. + +Many of you offered to chip in for legal fees [in response to my DMCA Reddit post](https://www.reddit.com/r/CanadianInvestor/comments/f9depr/wealthsimple_files_dmca_notice_against_my/). Very kind but thankfully the EFF responded to my email. + +The *Electronic Frontier Foundation*, a free speech nonprofit, agreed to help me with my counter-notice. I didn't have to share my home address with *Wealthsimple.* Staff attorney Alex Moss helped me craft something that was airtight. *Wealthsimple* did nothing so I'm in the clear now. No strikes on my account. + +[**Part 2: 'Millenial Industrial Complex'**](https://medium.com/@voshart/wealthsimple-millennial-industrial-complex-1c121801ca33) details the SRI portfolio's military holdings. Focusing mostly in the [*iShares MSCI ACWI Low Carbon Target ETF*](https://www.ishares.com/us/products/271054/ishares-msci-acwi-low-carbon-target-etf) \[CRBN\] found in the US and Canadian portfolios. + +All the top ten arms industry contractors (with military revenue %) are in the CRBN ETF. Percent according to a [2018 publication](https://www.sipri.org/sites/default/files/2018-12/fs_arms_industry_2017_0.pdf) by the [*Stockholm International Peace Research Institute*](https://www.sipri.org/databases/armsindustry). + +* *Lockheed Martin* (88%) +* *Raytheon* (94%) +* *Northrop Grumman* (87%) +* *L3harris Technologies* (76%) +* *General Dynamics Corp* (68%) +* *BAE Systems* (98%) +* *United Technologies* (13%) +* *Honeywell International* (11%) +* *Airbus Group* (15%) +* *Safran Sa* (15%) +* *Thales Sa* (51%) +* *Leidos Holdings* (43%) +* *Leonardo Finmeccanica* (68%) + +The blog also expands on how *Wealthsimple's* official twitter has been misleading investors. Some examples: + +&#x200B; + +[\(Wealthsimple's SRI portfolio has many fossil fuel holdings\)](https://preview.redd.it/n21r20vzcvp41.png?width=890&format=png&auto=webp&s=04017d7752e734c013b9cb67abec5361b77499f0) + +Link: [https://twitter.com/Wealthsimple/status/1151098795830272000](https://twitter.com/Wealthsimple/status/1151098795830272000) + +[\(Wealthsimple's SRI portfolio has five of the top six tobacco companies\)](https://preview.redd.it/prixbb7advp41.png?width=886&format=png&auto=webp&s=1c9cfb261c2cdd0645d748af54d94014cc600561) + +Link: [https://twitter.com/Wealthsimple/status/1022556567365971969](https://twitter.com/Wealthsimple/status/1022556567365971969) + +Thanks for reading. **Much gratitude for the outpouring of support.** + +\----------------------------- + +For people out of the loop of the DMCA'd image, here is the comparison. + +https://preview.redd.it/cgudnthv9vp41.jpg?width=900&format=pjpg&auto=webp&s=6a9cb1980123fe8d16c5fac4f4c1ad1d2f6c75b8 + +Side note: A week ago, a Managing Principle from crisis management firm *Navigator* followed me on twitter and did not respond to my DM asking if it was WS related. If silence is guilt then expect some interesting replies. + +**Edited for clarity** +Obviously there has been a lot of talk about the Federal Funds Rate decisions and Quantitative Tightening/Easing, but it's been troubling why more people aren't talking about the Fed balance sheet. + +Back in 2008 when Bernake/Paulsen agreed on terms and congress passed the Emergency Economic Stabilization Act it was agreed that the Fed would buy $700b in mortgage back securities from the banks which led to the Act being nicknamed the "bank bailout of 2008." + +Also at the time it was said (by everyone) that eventually those emergency policies would need to be rolled back. FOMC member Charles Evans said "once the economy recovers and financial conditions stabilize, the Fed will reduce the size of the balance sheet." + +Since then, not only was the balance sheet not reduced, the total has ballooned to $9 trillion (43% of GDP). And in 2016 Bernake himself wrote a paper completely changing the original opinion and saying that they would just grow the balance sheet infinitely: +https://www.brookings.edu/blog/ben-bernanke/2016/09/02/should-the-fed-keep-its-balance-sheet-large/ + +Obviously people can see the issue here, what was once considered a $700 billion bank bailout has quietly become a $9,000,000,000,000 balance sheet and the S&P 500 has been directly 1:1 correlated with the growth of this "balance sheet" amount: +https://www.currentmarketvaluation.com/posts/2021/07/Fed-Balance-Sheet-vs-SP500.php + +Also at the height of Covid in March 2020 the Fed decided to abandon factional reserve banking completely, setting the reserve requirements to 0: +https://www.federalreserve.gov/monetarypolicy/reservereq.htm + +So now that we are seeing persistent and extreme inflation isn't this absolutely a case of taxation without representation? The banks have given themselves $9,000,000,000,000 which required no congressional action and now people are paying for it in the form of higher prices on goods, services, housing, transportation, and energy etc. + +Why aren't more people talking about this, when TARP passed in 2008 it was headline news. + + +-——————————————————————— +EDIT: +Seems like some people are noticing a conflation of TARP and the balance sheet so wanted to clarify. Both TARP and Quantitative Easing were initiated at the same time at the end of 2008. TARP was the fiscal policy (by congress/the Treasury) and Quantitative Easing was the monetary policy (by the Fed buying MBS). + +While TARP ended, Quantitative Easing continued and has since ballooned on the Fed balance sheet to $9 trillion dollars. It was initially thought that normalization (balance sheet run off) would occur but that hasn't happened. And Bernake's paper linked above as well as a book he released in May of this year (21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19) suggests that the balance sheet will never be normalized. Money on the Fed balance sheet went into bank reserves and when combined with lowering reserve requirements seems like a never ending infinite bank bailout. +Crypto is at the end of the day a shared record ledger. That’s it. + +Regarding that other popular post, this doesn’t mean Ticketmaster can’t charge us ridiculous extra fees for facilitating concert ticket sales because they work with the people who own and operate the venue. Not the artists. + +This has nothing to do with centralization and it has nothing to do with the form of currency they’re ripping us off in. + +Crypto won’t solve asset seizure or sanctions. + +It’s not designed to help you evade your taxes. + +It’s not going to “dethrone” fiat currency because it’s not a competition. + +Crypto is a tool like the internet is a tool. It’s one component in a large machine and can be used to serve and to fuck us, usually at the same time. + +We aren’t going to replace governments with a crypto backed DAO because the problem corrupt governments isn’t that we don’t have a shared ledger. + +Anytime there’s a problem and you think crypto can solve it, consider what the problem actually is and what having access to shared record would solve with respect to that problem. + +Media blackout in your war torn country? Crypto doesn’t solve this. PayPal, gofundme, etc stopped processing your cash? Unless you can exclusively pay all your bills and be paid in crypto, it won’t help you there either. + +At the end of the day, remember what blockchain is. It’s a decentralized ledger. It’s a SQL database that everyone can see and no one can modify. Only it’s slower and consumes far more resources than a single SQL server. + +Unless the issue is ultimately rooted in ineffective record keeping, crypto doesn’t really solve it. +We're supposed to be in a bear market, it's perfect for me to get more bang for my buck. + +I was promised a year long bear market, at first I was saddened at the thought of seeing my portfolio dwindle down to low amounts but then I had excitement, I can get this shit cheap as chips. + +And what does the market decide to do, green green green. + +Can we get a few FUD stories going, maybe someone post about a CEX halting trading and being insolvent. + +Sure my limit sells are being filled but my poor poor limit buys are unfilled. + +EDIT - I did put a comedy flair, not sure if some people can't see it. +Hi All - I did it - I bought a house to live in. Despite all the negatively and uncertainty about this crazy housing market - I wound down my holdings in cash and stocks, bailed the rental market and bought a house to live in. + +I joined the crowd we all love to hate and am now in massive debt with the rest of those idiots. + +Let's see how this goes! +Many of us have hobbies that make a little money and perhaps your goal is to do more of that during full FI. Remember that your big store of cash is at risk if you get sued doing your side hustle. + +To give you an example, I am a photographer and a fitness coach. My current photography project involves taking photos of some relatively risky acrobatics/gymnastics moves. I'm liable for accidents in this environment. While it's unlikely any of my clients would sue me, I'm nervous about those guys doing crazy stuff for the camera and having an accident. + +So I'm about to LLC ("Limited Liability" Company!) my photography & coaching business. I make like $1k a year right now, so it's definitely not for tax savings. But it is definitely to ensure I'm not putting my nest egg at risk + +* EDIT: Proof that "being wrong on the internet" is the fastest way to learn what you need to know. +* TLDR: get insurance, screw LLC +The period HMRC is claiming that they owe is between 2018-2021. All fines for not claiming self assessment. My partner hasn’t been self employed for the last 8-9 years, so 100% they shouldn’t be filing self assessment during that time. + +On their HMRC PAYE online account there is a ‘NON CODED INCOME’ that has £2 in it. We have no idea what that is. + +We think this could have been triggered by applying for the work from home covid tax relief - which I filled out and was absolutely fine. My partner and I have the same wage and circumstances of working from home so I don’t know why this has happened for him. He filled out the form same as me. + +Also this is the first he’s heard from them about this. He’s had no previous emails or letter and nothing shows up on his account that he owes this + +Any advice would be great, the phone lines are closed today and we’re so worried. + +**UPDATE - IT'S BEEN SORTED! I thought I'd post an update if this is useful for someone in the future.** + +**My partner called HMRC and after two call attempts (first one disconnected - typical) and after few hours, he finally got ahold of someone who went through his last return and found the part where he declared his final self employed date - the date where he chose to cease self-employment. We don't know why it happened but it was entirely HMRC's fault.** +I was no way a morning person, but now I’m waking at 5AM everyday to check what’s going on premarket. + +I used to hate weekdays, but now I hate weekends. + +I didn’t care about news, but now I’m reading news everyday. + +I didn’t like COVID19, but I am starting to wish it spread even more so I can gain from my vaccine stocks. + +I didn’t like riots, I was against violence protests. But now I don’t want the riots to be over cuz I invested in DGLY, etc（I feel a little guilty for wanting bad things to happen so I can get rich）. + +Does anyone feel the same way? +Yesterday I bought some shares of CSCO (Cisco), I think it has a lot of room to grow their future dividend payments. +What are your opinions about this stock? +Which of high dividend growth stocks would you prefer to buy (you have \~200$): +V or TSCO or LOW or TXN + + +I've already done my choice, intrested in your opinion! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +We had our offer accepted for a 393k on a list price of 399k. This was on the high side of our budget, but the house was completely move in ready. We had the inspection done and numerous things were found. The inspector found 2 roof leaks (1 active), mold in numerous places, a bunch of amateur electrical work that would need to be fixed, and a bunch of other smaller things. + +&#x200B; + +The inspector estimated all the repairs to be about $8300. We asked the seller for $7500 of closing cost credit for these repairs. They countered at $1000. Now we are unsure to do. Any thoughts? + +Edit: thanks to everyone who helped and answered the question. We've decided to pull the offer. The inspection findings are probably just the beginning of the issues. Additionally, we found their counter offer to be insulting. They are investors so I'll enjoy watching them keep paying the mortgage. It's been on the market for 6 months, I'm sure it'll keep sitting. +My daughter is in college in a different state and I’m currently paying for a dorm. My thought is to purchase a rental in that state for her to live and act as on site manager. And before I contact my attorneys I was wondering if anyone has done something similar and how are you shown their portion of rent ask their payment for management duties? Or how you’ve gone about this +Got modded twice. Finally the daily limit is over. + +FatMan has been doing a great job catching Do Kwon's shady business after LUNA crash recently he caught the wallet which got 20M LUNA Airdrop belongs to Do Kwon. After LUNA 2.0 launch Do Kwon called it complete "Community-Owned chain" while he was voting on his own proposals with 5% Voting Power. + +&#x200B; + +https://preview.redd.it/93ogmqu58e591.jpg?width=1000&format=pjpg&auto=webp&s=5625a403e01eb4b663ec219f2a537cd8ce991a41 + +This is the proposal which was submitted by Do Kwon. + +&#x200B; + +[https://classic-agora.terra.money/t/columbus-5-mainnet-upgrade-proposal-and-recommendations/1840](https://classic-agora.terra.money/t/columbus-5-mainnet-upgrade-proposal-and-recommendations/1840) + +Corresponding on-chain proposal authored by Do Kwon (submitted from the mystery wallet): [https://finder.terra.money/classic/tx/1D1B0F534EDD8B1F8F75FF005DE02C63226AC635F782E6E44FA1148125D375BE](https://finder.terra.money/classic/tx/1D1B0F534EDD8B1F8F75FF005DE02C63226AC635F782E6E44FA1148125D375BE) + + +&#x200B; + +https://preview.redd.it/3d6u0yd68e591.jpg?width=680&format=pjpg&auto=webp&s=d37824c08e97878c3cdff28285dabe364c508e98 +Looks like Robinhood aiming to become a one stop shop for investors + +[https://sludgefeed.com/robinhood-looks-into-banking-products/](https://sludgefeed.com/robinhood-looks-into-banking-products/) + +"Robinhood is in early discussions with regulators to begin offering banking-like products. These products could be made possible either through the acquisition of different licenses or partnering with a banking partner. + +Insiders share that Robinhood has met with the Office of the Comptroller of the Currency, which regulatory group responsible for all national banks and federal savings associations." +Before I do I would like to run it by this sub. + +I had a plumber come out and assess a sewer gas smell I had been having. He came out and looked underneath my trailer and pointed out what he said was a broken waste pipe and a bad p-trap that wasn’t allowing the toilet to drain properly. He stated someone else would have to come out and dig up my septic line, dig underneath the house and repair the cracked pipe along with the p-trap. I was instructed to empty out my storage shed so they could move it, to gain access to the underneath of the trailer. + +I’m in a hotel room waiting and I never received a call from them with any updates or anything. I called them and she said he was done. Seemed kinda quick but we went home. + +I could tell when I got home they didn’t move my storage shed and didn’t dig underneath the house. I looked underneath the trailer and it hadn’t been touched and no new p-trap installed. I asked the plumber what he did as he didn’t dig underneath the house. He looked kinda confused and said he might have to swing by and look at it. He never did. I then called and asked the office lady what the guy did to fix it. She kinda explained it to me and said he removed a toilet paper clog and put in clean outs for easy access and repaired a crack in a pipe that was outside the house. + +That’s what my invoice said. Repaired crack and installed risers. + +I’m still confused as to how he fixed it when the broken pipe was under the house. I never got a clear answer from anyone. + +I called the office and requested someone come back out. I never got a call back and was told one of the plumbers is pissed and complaining about me calling. I then sent an email and never got a response or call. + +The smell is slowly coming back and I sent my check in on Friday. I want to tell the office I’ve stopped payment on my check and will not issue another one until it’s fixed. I just don’t know if that is too harsh. I’ll even pay them more money to fix it properly but not until it’s fixed. + +No one fully explained to me what was done and it’s obvious they didn’t fix it, and now they’re ignoring me. + +Is stopping payment until it’s fixed a good idea? + +Due to the fact that I have to have this done all over again and possibly pay another $1800 I filed a claim with my homeowners insurance but not sure if they’ll pay for something that wasn’t fixed properly. Any advice is appreciated. +Firstly, I'm not a professional but I'm going to try and present the data that shows how Canadian Crypto miners are undervalued. Specifically I will be focusing on HUT and BITF. + +I became very frustrated reading users opinions about these companies while spreading false claims. + +First a starting point because things can change fast. + +BITF market cap 881M CAD with a share price of $6.34 + +HUT market cap 1.18B CAD with a $10.38 share price. + +Now lets start with BITF. There current advertised hash power is 1180Ph. + +[https://ceo.ca/@nasdaq/bitfarms-announces-operating-hash-rate-of-118-ehs](https://ceo.ca/@nasdaq/bitfarms-announces-operating-hash-rate-of-118-ehs) + +The hash power is the processing power they use to mine Bitcoins. We can actually take this number and use an online calculator to find how many Bitcoin they currently mine. + +[https://whattomine.com/coins/1-btc-sha-256](https://whattomine.com/coins/1-btc-sha-256) + +We need to input the hash rate. The calculator only takes the number in Giga hash, not Peta hash so we need to add six 0's. 1180000000Gh + +Doing this we can see they are mining 235 BTC a month and at the current value of $57800 USD that is 13.6Million USD in revenue a month. + +We also know that their gross mining costs (cost to mine) is under $7000 USD per coin or 1.645M USD per month as per this release. + +[https://finance.yahoo.com/news/bitfarms-operating-hashrate-grow-35-120000371.html](https://finance.yahoo.com/news/bitfarms-operating-hashrate-grow-35-120000371.html) + +So we can take 13.6M and subtract their cost to mine of 1.645M and we can see they are currently bottom line $11.95M per month or 143.4M Earnings per year. But don't forget that is USD. SO that's 179.7M CAD Earnings per year. + +881M / 179.7M = P/E 4.9 + +But remember this is all based on the price of bitcoin. Which if you are bullish on bitcoin, well this would be a leverage play as costs to mine do not climb as fast as price in a previous bull markets and it stands true to date obviously by how lucrative these miners are right now. + +[https://coinmarketexpert.com/wp-content/uploads/2019/09/Screenshot-2019-09-02-at-21.28.50-1024x682.png](https://coinmarketexpert.com/wp-content/uploads/2019/09/Screenshot-2019-09-02-at-21.28.50-1024x682.png) + +But wait there is more. BITF has started a program where they keep the bitcoins they mine so they can sell at a later date when presumably bitcoin is higher in price. They expect to have 500 BTC by March 18th and likely have 250 or more currently as per this release. + +[https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00046249&issuerType=03&projectNo=03174630&docId=4889304](https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00046249&issuerType=03&projectNo=03174630&docId=4889304) + +Oh also forgot to add the future expansion of 1.8Ehash by the end of the month. They plan to have 3.0Ehash by the end of 2021. + +And now for HUT, which I've ran out of time and will do later. HUT is equally as good of an investment IMO but may even have an edge due to their large BTC holdings of over 3000 BTC which have only gone up in value massively. +A neat little 'S&P 500 Simulator': + +> In this simulation, you are given a 3-year market period from sometime in history (between 1950 and 2018) or you can run in Monte Carlo mode (which picks randomly from daily returns in this period) and you start fully invested in the market and can trade out of (and into) the market if you feel like the market will fall (or rise). + +* https://engaging-data.com/market-timing-game/ + +Instructions: + +> You will start fully invested in the market, with $100,000 (when you push the "Start/Pause" button). You can sell all of your investments by pushing the "Sell" button and buy back in by pushing the "Buy" button. At the beginning, you can only sell. Once you've sold, you can then only buy. See if you can outperform the market by selling high and buying low. The game will last for about 3 years (750 market days), after which you can extend the game or restart with another random, historical period (or Monte Carlo simulation). +Hello everyone, I need help with this apartment situation. I submitted an application for an apartment and paid the application fee and holding deposit. The landlord reached out to me saying there was a glitch in their system and the rent was incorrect; it's a higher price. She stated the higher price is stated everywhere on their website for a 1 bed room 1 bath. I checked their social media and their website and I don't see it. Not only that, I checked the other unit pricing and they have all the been the same deal for a month. When doing the application, it states "prices and specials are not guaranteed until you pay the application fee." + +So what can I do and is the Landlord being reasonable with me? + +- + +❗I did not expect this to blow up everyone! + +UPDATE #1: + +I spoke to the landlord and asked if she can honor the price I applied for or give me an accommodation. Landlord says no, but she can increase my lease length. I asked her about the glitch and let her know it's not okay and it's misleading. She stated she has been trying to get them to fix it since April and she has had the same talk with possible tenants. I told her I couldn't find the higher price she mentioned anywhere and she stated she put it on Craigslist. She said she always puts everything on Craigslist. (Then why have a website?) I went to check the Craigslist posting and she posted it 30 minutes after our phone call. + +Result: The red flags are too big to ignore. I will cancel the application and wait patiently for my application fee and holding deposit. + +Thank you everybody for your comments. I appreciate it. + +- + +❗❗ UPDATE #2: + +LANDLORD TOLD ME I CAN CANCEL APPLICATION THROUGH THEIR WEBSITE AND THERE IS NO OPTION FOR IT. + +Landlord is not in the office and she won't be in until Monday. There is a 72 hour hold on my holding deposit and Monday is my deadline. I am doomed. This is honestly all so frustrating. +🔴🟡 DTC-003 Reality and Mind. Show us the truth. + +🟠 DTC-004 Soul. Your assets will live on in other members. + +🟢 DTC-005 Time. No more hiding FTDs. Your time is up. + +🟣🔵 DTC-801 Power and Space. You can't escape my margin call hammer, bitch. + +The DTCC is inevitable. + +-------- + +Dear Citadel, + + ....................../´¯/) + +....................,/¯../ + +.................../..../ + +............./´¯/'...'/´¯¯`·¸ + +........../'/.../..../......./¨¯\ + +........(🔵🔴🟠🟣🟢..)') + +.........\ .................'...../ + +..........''.....🟡....... _.·´ + +............\ ..............( + +..............\ .............\ + +Much Love, + +DTCC +I am in the process of moving to a new city/country. London to be precise. + +We are moving as a couple, and have hired a third party manager to handle all household related issues, fix staff, etc as well as decorators to have our new place furnished and to our liking in advance. + +I think building a local network also helps, so I am considering joining a few associations and maybe taking some courses (once covid allows live teaching). + +I am wondering, if money is no object, what would you do to make your settling in easier? Any creative ideas? +Good day, fellow retards. We are entering a new stage of the short squeeze. It’s apparent by now that it’s not playing out like the VW short squeeze because the setup was so long and out in the open. Hedge funds had time to collude and plan how they’re going to deal with the fallout. As we saw last week, they came up with some clever fuckery. + +&#x200B; + +For a recap, here are some tactics we saw from them: + +\- Short attacks driving the price down, triggering stop loss sells and trading halts. + +\- Spreading the word through the media that they had already closed their short positions + +\- Putting pressure on brokers to limit buying of GME and killing the buy side of the trade, making it easier to drive the price down. + +\- Low volume ladder attacks to drive the price down and forcing out paper hands. + +&#x200B; + +We held strong, guys and gals. We closed Friday just a few dollars shy of the highest closing price on Wednesday. But now the real trench warfare begins. + +Melvin told CNBC that they closed out their short positions. I have a theory that this may not be technically false, with a caveat. I think it’s very possible that Hedgies have closed out their ORIGINAL short positions, but they’ve been replaced with new short positions. These guys are not going to lose billions of dollars lying down, so they must have their own end game for how to get out of the trade alive, and perhaps even make a profit. + +If GME was a tasty short target at $15, imagine how irresistible it is at $320. These fuckers lost their shirts on the original trade, but they see an opportunity to make it back on this new trade by repositioning their old shorts from the $15 to new shorts in the $200-300s. + +&#x200B; + +How can we know this is likely true?: + +\- The short interest has fluctuated, so we know there has been some covering + +\- The short interest has remained high, somewhere around 100% or above + +\- There have been short attacks in $100s, $200s, and $300s, so we know there are new short positions at those levels. + +\- Hedge funds are cocky assholes and they’ll do anything to turn a losing trade into a winning one, and if it fucks over the little guy to scare them back to submission, all the better. + +&#x200B; + +So basically, nothing has changed. This is still a short squeeze play, just with much higher stakes. We have the advantage however, because it doesn’t cost us anything to hold onto our shares, whereas it’s costing Hedgies billions of dollars to hold out. We will know we are winning next week if we continue to see more de-grossing in the broader market. If we can hold out, we can take this to the next leg up, ACT III, and eventually the end game. + +TLDR: 💎 🙌 🚀🚀🚀🚀 + +&#x200B; + +Edit: + +Positions: I own Shares + +Disclaimer: I am not a professional. This is not a recommendation. +Maybe I don't get it. Scaling up a new automotive business seems to be insanely hard. Tesla succeeding seems to be an almost unprecedented case. There were significant doubts about Tesla's ability to survive when they were already making several hundred thousands of vehicles every year, and arguably they only made it thanks to regulatory credits (which will become less and less relevant) and big capital infusions. + +Rivian and Lucid have surely already spent significant amounts just on developing the cars, without delivering a single one so far. The capital required to build and scale up factories will be absolutely gigantic, all in hopes of catching up to both Tesla (the cool new brand) and traditional manufacturers (with scale and lots of money). I just don't see how they manage to do what Tesla did and actually catch up with the field. Is there any scenario where these companies actually become a huge success and manage to justify their valuation? +For what I've read, in the US you got a "cashaback" thing with credit cards, meaning that if you stay current with your payments (or, for what I've understood, just pay in the moment by having money in your account), you get a small % back of the price, also good credit score, which I don't really think has a equivalent in the EU. The bad part is spending more than you can and getting some high-as-fuck interest rates on what you paid for. + +On the other hand, I've read that "cashback" is really limited in the EU (if not forbidden), and it seems... there's nothing more for a credit card in the EU. + +So, my question: Am I missing something here? Why would I want to use a credit card if I'm not planning on getting a debt for "small stuff" or just can afford to pay everything at the moment? +The FT published [an article about bonds not being a good way to protect a portfolio from equitity volatility anymore](https://www.ft.com/content/1bf02b3c-fc53-4d65-8fc5-fa6875ab5a00) (I'll post the full article in the comments because it is behind a paywall). + +I'm most interested in discussing precisely what the article leaves out: if bonds aren't a sure way of protecting your money, what should you do with it? As I mentioned in the title, it recommends "looking for new forms of protection. A little gold, more cash than usual and an equity portfolio shifted towards value". + +What are your thoughts on this? What amount of money do you think should be stored as cash? +Dear subreddit, + +I am looking to extend my portfolio (100% equity ETFs) with bonds. Here what I know so far: + +* a [justETF search](https://www.justetf.com/en/find-etf.html?assetClass=class-bonds&groupField=none&distributionPolicy=distributionPolicy-accumulating&fsg=more500&sortField=fundSize&sortOrder=desc&bondRating=InvestmentGrade&tab=overview) with investment-grade accumulating ETFs, sorted by fund size (descending) +* I invest from Italy and plan to keep it simple: [110 rule](https://themakingofamillionaire.com/what-is-the-rule-of-110-fe2e333dc3a1) with just stocks and bonds ETFs +* I'm also maxing my pension fund and I would (approximately) mirror the 110 rule there too +* based on my limited knowledge I'm inclined to stick with government bonds, ideally Euro-denominated to eliminate currency risk +* and then some unanswered questions: what type of replication? EUR hedged? short or longer bonds? individual bonds instead of ETF? + +I would appreciate a critical review of the above, as well as any recommendation to pick the right index. Thanks in advance 🙇 +Hi, + +How can I decide between an accumulating or distributing ETF? I guess the difference is tax-wise, but what should I take into account? dividend tax vs. capital gains tax? + +If anyone knows the specific case for Portgual, I'd appreciate some insight, otherwise please let me know what to look for in my country's tax laws. + +Thanks! +Hi everyone, first post so please go easy on me! + +I’m a Brit resident, working, and paying tax in Germany. I moved here in 2020 under the withdrawal agreement, but my contract is only until the end of 2022. This might get extended, or I have the freedom to take up another job in Germany. Sadly, thanks to Brexit, freedom of movement in the wider EU no longer applies to me. + +I’m therefore trying to figure out a way of investing that can be flexible to such uncertainties and won’t leave me with complicated tax issues/problems - whether I return to the UK in the next 12 months or stay here for another few years or longer. + +For personal reasons, until this year I’ve not been able to risk my existing capital (£15k in a UK Help to Buy cash ISA, plus several thousand in an emergency fund) by investing, nor substantially increase my cash savings. This has now changed: I’m now able to set aside at least €1500 and perhaps as much as €2000 a month. + +I am familiar with the UK system of stocks and shares ISAs as a way of reducing tax, but am a bit at a loss in Germany. Is there some kind of equivalent tax-free “wrapper”? + +If not, what is the best way for someone in my position to invest, and what should I be wary of? + +I have set up Trade Republic, though I note that some of the frequently mentioned investments on here (such as VWCE) don’t seem to be available - perhaps there are others that are similar? So I’d be interested in any comments about specifics - platforms like Trade Republic, specific ETFs, etc. - though these are widely discussed so I’m also happy for pointers and to do my own research. + +But I’m also and particularly interested in general issues and gotchas: let’s say I put €1500 per month into (whatever investments) via an app. What do I need to be aware of? Are there any taxation issues that I have to declare in an annual German tax return? + +What happens when I return to the UK - do I have to sell those investments (with whatever capital gains tax Germany imposes) and transfer the resultant € to £ (incurring fees), or can I continue to hold those stocks - and if so, what happens with tax across jurisdictions? + +Thanks for your help. +**I have two overarching questions:** + +1. **How can I best optimise my savings & plan my finances right now - what kind of investment products should I look into and where do I find what I should know?** +2. **What can I do to achieve financial goals that are not currently affordable? What numbers should I look at and what should my financial benchmarks be?** + +**About me/us:** I am an Indian national living in Austria since 2015. I turned 30 this year. I have a Rot-Weiß-Rot Plus Karte and will hopefully have a Daueraufenthaltstitel (permanent residence permit) once my current card expires in 2022. I worked as a PhD Student (comparative cognition & animal behaviour) here from 2015 to 2018, was unemployed for about a year, quit academia and changed fields and found a job in mid-2019. I now have a permanent contract and am slightly above a starter position in digital marketing & SEO. + +My partner is Austrian and is currently looking for a job. She is just about done with her master’s (also in animal cognition) and will also likely quit academia. We are currently not factoring in any money from her. She has support from her family for livelihood and some savings. She has some life savings, but we will leave that out of all the number crunching. + +**Financial situation:** I am currently debt-free and have no financial dependents. I make €1,850/month (\~€26,000 p.a.) after taxes (€2,650 p.m. / €37,000 p.a. before taxes)^(\*). + +^(\*) ^(I have no idea how "good" my salary is in my field; coming from academia, I have very low standards for salary/job security and am unsure of what kind of money I can expect / work towards in the "real world" (having a stable job with these numbers already puts me) *^(WAY)* ^(above all my friends who are in academia).) + +I currently have approx. €8,000 in my savings account (of which I've designated €2,500 as an "emergency fund") and the INR equivalent of about €12,000^(+) invested in about 75 mutual funds in India: I didn't know better when I made those investments and it is one of the things I need to fix. + +^(+ I am somewhat underestimating the Euro amount after considering losses due to the current market situation, Indian taxes on profits, currency conversion and transfer fees.) + +**Lifestyle:** Sustainability & technological forwardness (if that’s even a term) are very important to us. We rent a small flat in the city and do not own a vehicle. We’ve been reducing the crap we buy and the energy we use. I enjoy cooking so we don’t eat out often (once a week tops, typically at the local “pay as you wish unlimited buffet”). We don’t like "going out", partying, or going to movies/doing other "expensive" social things. Going for a walk around the river or sitting at home gaming is much more fun. This results in me spending less than €900 in a typical month (incl. rent and all). I spend more only if we holiday (rare) or when I buy PC/Camera parts (once every few years). This has been a constant for us and will likely not change regardless of how much money we make. + +We do not like kids, and do not plan to have any (measures already taken); our “family” will eventually be 2 (medium-large sized) dogs and a cat. + +**Our goals:** + +**Short term:** Get a goddamn car (as soon as financially sensible):I bought a used Hyundai i10 during my PhD (no public transport to research station) but sold it off last year (it was hemorrhaging my finances; cost of ownership was close to double the cost of purchase). However, not having a car makes things very inconvenient for us the moment we want to go out of the city. We visit family every week and public transport outside the city ranges from spotty to virtually non-existent. It's starting to get VERY frustrating. + +That said, we absolutely DO NOT want to use a vehicle with a combustion engine (both on principle and from a cost-of-ownership perspective). We would ideally like an electric hatchback with which we can finally start traveling again (mostly long distance road trips) with up to 4 people and our pets. We would like to keep the car as long as it can be kept. I'm open to used vehicles, but I don't know what the reliability on used EVs is like (any my used i10 has sort of scared me in this regard). My partner has pledged €5,000 from her savings towards an EV for calculations' sake (and this might increase once she has a job). + +Austria has a €5,000 subsidy, but only for new electric car purchases. There is a local bank that offers an EV loan of max. €35,000 at 0% interest for up to 5 years (comes to €584 per month if you take the full €35,000) as part of their push for sustainability. + +**Mid- to long-term:** Build a house or buy one if something suitable is available (??-10 years from now)We’d like something that doesn’t burn stuff, uses solar, perhaps geothermal, and can harvest/recycle water. Ideally, something that's as self-sustaining as possible. Unfortunately, such things rarely seem to be priorities here which means finding something to buy could be difficult. + +I have NO idea what my targets should be, and any advice here would be amazing. + +*NOTE:* My partner owns her old family house and the land it's on, but the house itself is structurally unsafe and will likely need redevelopment. No idea what the costs are like on this. Eventually, she will also inherit her family's current property. + +**Long term:** Supplement social-security retirement income (25-35 years from now?)Again, absolutely no idea what my targets should be and how this works. Advice would be amazing. + +I will get done with my legitimation for FlatEx Austria this week and then can start putting money into ETFs, etc. I will slowly start pulling my money out of the Indian mutual funds (I'll sell once they're doing well - some have already made 30% returns since I bought just as the COVID-Crash happened) and into AUT (will wait for better exchange rates before transferring via TransferWise, unless someone has any better ideas) and invest that money in EUR. + +My German is around B2 but deciphering financial and legal jargon is hard (hell this is tricky in English, let alone German). I have a degiro account but was advised against using it because I would then have to navigate taxes by myself. + +*^(I wish they'd have taught me how to deal with all of this real world shit instead of teaching me trigonometry in school.)* +Hello! + +I am a 30yr old EU national, inexperienced with personal finances and had no savings most my life. In the last year or two, I payed off my student debt, saved money working and got an inheritance. + +I have 85k euro (60k in euro, 25k of it in Swedish krona). Currently it just sits in 2 bank in accounts with no interest... I have no plans for this money for the foreseeable future (except maybe take 6 months off work to travel) and would like to put the majority of it away for the future. With my current job I save 10000SEK a month (1000 EUR). + +One problem that has thrown me off getting into investing before is I move regularly (have moved countries 4 times in 10 years, always EU). Currently I am based in Sweden but I don't see myself here forever and may move within the next year or 2 (most likely still based in EU). + +Any advice: + +* What should I do with this money? from my research I thought investing in some low-ish risk index funds might suit me as I don't mind putting it away for many years, am inexperienced and don't want to take too much risk? perhaps a small portion I might try some higher risk stuff, or some individual stocks for fun and learning. +* If I invest is it problematic if I move countries in the next year or 2? I'm worried if I do it through a Swedish bank (heard Avanza or Nordnet are commonly used here) I might need to sell everything when I leave the country and it might not be a long enough horizon to make profit. I am aware even if I can keep the investments I may have to declare taxes in multiple countries after moving, Sweden wants capital gains tax declared for 10 years after leaving on any investments I made when living here. +* Do you have advice on some European bank/apps for investing that are handy when moving around to different EU countries? +* My money is in 2 currencies (60k EUR, 25k plus my monthly salary in SEK) how do I handle that, two separate accounts, change currency on one of them? Since I don't think my longterm future will be in Sweden I guess EUR is a more useful currency down the line, although I see SEK is growing against EUR currently. +* Any advice for resources I can use to learn more about personal finance as a beginner? Although I do not know much I am enthusiastic to get educated. + +Thank you in advance for any advice and have a lovely day! +Holy shit these things are just bleeding out. I know it’s so early as my exprys aren’t until November but these are just depressing to look at. + +Does anyone know why this stock has been doing so poorly +I am extremely fortunate to be in this situation. + + +My mom had a slip and fall case at a giant corporation. An employee dumped cleaner on the floor and let it sit for just over 45 min before she slipped on it. She had multiple surgeries and will forever walk with a limp. It was a pretty simple case (going on nearly 2 years now) and the lawyer is estimating about $800k + + +My personal situation: + +\- My wife and I are already in decent financial shape. We both have jobs (\~$200k combined), a little emergency fund, putting in a little to 401k, we both drive 6-year-old paid off cars, we do carry around 75k student debt. +\- We are saving for a house but live in an extremely expensive area and will require a couple of years before we have a down payment + +My parents' financial situation + +\- 2008 hit them like a train. Lost their business, a house, a car. They sucked with their money, and I was too young to really help. They are too old to get hired anywhere decent and have been struggling since. We obviously help them a ton. +\- They are in low-income housing + +&#x200B; + +The lawyer will be writing a check to either my mother or me. My mother doesn't want the money since she'll be kicked out of low-income housing. If she does get the money, it's tax free, but she'll get kicked out of housing. If she gives it to us, we'll get taxed on it. + +We were wondering what we can do with it to minimize tax implications? +So I’m 18 and I work at dominos and I make a pretty decent amount for someone of my age and such. My manager has been telling me about setting up my 401k and I’ve also been thinking of putting half of my paycheck into my savings every paycheck and I’m wondering if setting up my 401k is a better option than just putting my money into savings. Me and my girlfriend have a pretty serious relationship and we plan to set up a joint bank account and put $1k-$2k each every month. I’m hoping that makes sense +Breaking major news from US Treasury OCC, the largest US banking regulator, with new guidance allowing US banks to use public blockchains and dollar stablecoins as a settlement infrastructure in the US financial system. + +[https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html](https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-2.html) +https://www.wsj.com/articles/the-loneliest-generation-americans-more-than-ever-are-aging-alone-11544541134?mod=mhp + +> “Researchers have found that loneliness takes a physical toll, and is as closely linked to early mortality as smoking up to 15 cigarettes a day or consuming more than six alcoholic drinks a day. Loneliness is even worse for longevity than being obese or physically inactive.” + +> “Gary Grasmick, a 68-year-old retired federal IT worker who lives by himself, was carrying groceries into his Washington, D.C. row house two years ago when he felt his knee give out. Overweight and unable to get up, and with no phone in reach, he laid there for at least two nights as dehydration and a urinary tract infection led to sepsis. His kidneys started shutting down and he grew delirious. + +> Mr. Grasmick tried to drag himself to a phone and a sink but couldn’t get there. He began to lose track of time. + +> “I remember being thirsty and having weird dreams,” he says. “I was confused and frightened.” + +> A friend became worried when he didn’t return her calls and called the police. When emergency personnel found him, his brain had swelled. In his delirium he thought that hospital caretakers were trying to hurt him. It wasn’t until an old fraternity brother showed up to visit that he fully understood what had happened. “Then I felt safe,” he says.” + +Stay fit, active and healthy. Build lasting relationships and thoroughly consider whether you really want to plan to be single or not, or have kids or not. You may not feel it now but in 20 or 30 years, having no support network can kill you or put you in crushing depression. As an ER physician I have seen countless patients in the several examples displayed in the article and it is absolutely saddening. +See Example 6.1 in this PDF for a problem statement, the case shown is for 2 bets, I have a function for N bets but I am stuck on the max( f(x\_i) ) as my N is typically large (10 - 15) hence very very slow (using scipy from a lambdified simply expression) happy to share the script with anyone interested in helping, its already in a GitHub repo so just comment and I can share the link in a pm or whatever + +&#x200B; + +My steps are insufficient because I do not have a great expression to optimize (it is too complex) therefore I am curious how people would approach this problem / what am I not thinking about!? + +&#x200B; + +If you want to see the code, you can find it at the following GitHub link [https://github.com/analyticalRedditor/sportsbook/blob/main/testerDesktop.py](https://github.com/analyticalRedditor/sportsbook/blob/main/testerDesktop.py) +I read this somewhere that it is more important to determine the direction in which the market will move rather than the actual price. My concern is how will I know how far the move up/down will go. Are classification systems better than regression systems for time series data? +Here’s how to qualify for commission-free trading on over 80 ETFs with InvestorLine: + +* Trade online any of the eligible ETFs listed +* Hold the eligible ETF for a minimum of one business day from the date of purchase +* Do not buy and sell, or sell and buy, the same ETF on the same day. Also not applicable for short sell trades + +Regular commission fees may be applied, or estimated commission fees may be adjusted, if any conditions are not met.No Commission Fee ETF trades are not counted to qualify for our 5-star program pricing.Some ETFs are offered by related or connected member of BMO Financial Group + +List: + +EQUITIES: CDZ / CIE / CUD / CWO / VCN / VDY / VEE / VFV / VGG / VGG / VGH / VI / VIDY / VIU / VSP / XDV / XEC / XEF / XFI / XHD / XIN / XIU / XMM / XMU / XSEM / XSP / XUS / ZCN / ZDH / ZDI / ZDM / ZDV / ZDY / ZEA / ZEM / ZLB / ZLE / ZLI / ZLU / ZSP / ZUE / ZUQ / ZVC + +FIXED INCOME: CLF / VAB / VCB / VGV / XBB / XCB / XHY / ZAG / ZCB / ZGB / ZHY / ZJK + +MULTI-ASSET CLASS: **VBAL** / **VCIP / VCNS / VEQT / VGRO / XBAL / XCNS / XEQT / XGRO /** XINC / ZBAL / ZCON / ZESG / ZGRO + +THEMATIC: ZAUT / ZFIN / ZGEN / ZINN / ZINT + +ESG: ESGA / ESGB / ESGE / ESGG / ESGY / XESG / XSAB / XSEA / XSTB / XSUS +Basically you try and fuck the system it directly benefits the poorest people in the U.S. it gives the federal government the incentive to weed out corruption as it could realistically improve the overall economy with the trickle up effect (Subject to strict oversight on qualification to receive continued payout) + +Edit: so some people have brought up some good points like having extra fees on top of confiscation of ill gotten gains as well as the fact it doesn't undo the harm to the investors who lost due to bad practices. Also the fact that investors outside the U.S. would be left out but as an American I have opted to ignore the fact that other countries exist unless you have oil. /s Anyhoo as stated in one of my comments I'm an idiot and not a legislator (insert "but what's the difference" joke). Something needs to be done and obviously it's a complicated idea to implement and I enjoy seeing some of the other ideas and edits people are making that cover some of my oversights. +Guten Morgen to this global band of Apes! 👋🦍 + +I am posting this at the usual time, but the data will begin updating an hour later than usual due to the difference in Daylight Savings time between Germany and the USA. +The updates will continue for one hour instead of two. + +Apes, last week was quite the ride. +We saw the lowest volume *ever*, along with data that indicated an enormous amount of shares being borrowed. +We saw mod drama, shady messages from financial institutions, and talk of parabolas. +I cannot tell you what will happen this week, but I'm sure it'll be spectacular. + +Today also marks the final day that DRS'd shares will be counted in the quarterly report. +I cannot wait to see what number we've reached. +Our Diamantenhände cannot be stopped! + +Today is Monday, October 31st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 60 minutes in: **$28.58 / 28,73 €** *(volume: 3706)* +- 🟩 55 minutes in: $28.56 / 28,70 € *(volume: 3671)* +- 🟩 50 minutes in: $28.56 / 28,70 € *(volume: 3643)* +- 🟩 45 minutes in: $28.55 / 28,69 € *(volume: 3643)* +- 🟩 40 minutes in: $28.55 / 28,69 € *(volume: 3557)* +- 🟩 35 minutes in: $28.42 / 28,56 € *(volume: 3513)* +- 🟩 30 minutes in: $28.42 / 28,56 € *(volume: 3118)* +- 🟩 25 minutes in: $28.41 / 28,55 € *(volume: 1790)* +- ⬜ 20 minutes in: $28.40 / 28,54 € *(volume: 1755)* +- ⬜ 15 minutes in: $28.40 / 28,54 € *(volume: 1608)* +- 🟩 10 minutes in: $28.40 / 28,54 € *(volume: 1563)* +- 🟥 5 minutes in: $28.38 / 28,52 € *(volume: 1302)* +- 🟩 0 minutes in: $28.39 / 28,52 € *(volume: 1237)* +- 🟩 US close price: $28.17 / 28,31 € *($28.35 / 28,49 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9951. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +https://www.businesswire.com/news/home/20200811005331/en/MicroStrategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset + +>“Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders,” said Michael J. Saylor, CEO, MicroStrategy Incorporated. “This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy. + +>Mr. Saylor continued, “MicroStrategy spent months deliberating to determine our capital allocation strategy. Our decision to invest in Bitcoin at this time was driven in part by a confluence of macro factors affecting the economic and business landscape that we believe is creating long-term risks for our corporate treasury program ― risks that should be addressed proactively. Those macro factors include, among other things, the economic and public health crisis precipitated by COVID-19, unprecedented government financial stimulus measures including quantitative easing adopted around the world, and global political and economic uncertainty. We believe that, together, these and other factors may well have a significant depreciating effect on the long-term real value of fiat currencies and many other conventional asset types, including many of the assets traditionally held as part of corporate treasury operations.” +Yesterday the BoE's chief economist [said that](https://www.theguardian.com/business/2021/feb/12/british-families-ready-to-spend-billions-says-bank-of-england-man) there's a load of pent up demand in the economy as after the pandemic people will have saved a lot of money and will be going on spending sprees. + +Is this overstated? I can imagine people doing a bit of short term celebrating especially in hospitality and leisure, but surely in most cases anyone who has been spending less on going out, transport etc over the pandemic has either been spending it on other things already, or has been paying down debts, and after the pandemic their spending will likely return to normal levels, not higher. + +And of course a lot of people have lost their jobs over this period. + +I think in order to claim there's pent up demand you need to be able to point at something that people can't buy now that they will want to in the future. Other than leisure and hospitality I can't think of much that fits into that category. + +Obviously businesses that are currently closed will be spending more too, but again I'm not sure that will be higher than normal levels. +That laptop microphone makes many of the more informative videos disturbing to listen to. Its like listening to the guy in the bathroom stall next to me talking on the phone. I'll really give a decent amount if I knew it would make a difference. +I've been trading 6 months now. I've lost 150$ (of course I've had lots of wins and losses in the middle). But for the last month, I've been trading with my own finalized/customized strategy and I made 10$(100$ total balance). This amount was obtained consistently and with very little risk. My strategy works very well in practice and in theory and I believe I can make 10 percent profit with very low risk. I should add that it looks like I need to be live in front of the chart almost 8 hours a day. I don't have big money atm but I can have it (from my family). Please let me know what percentage does a successful trader make? + + I've heard crazy gains (on the internet). +How much do you make if you do it for living? + +Please comment and share your experience cuz I really need to decide whether I do this for a living or not (considering 10% consistent profit) + +Thank you +I’ve heard crazy stories of people saying in 3 months they were getting ridiculous returns and I know it’s fake cause forex ain’t a walk in the park. That why I ask to gauge how long it “normally” takes a trader to see steady profits into their accounts. My opinion is that a year should be enough time to learn and apply a good system to see constant returns. More than a year you should be seeing constant profits. But that’s what I think. I could and probably am wrong. + +Currency Traders Should Get Ready for a Big Move in the Dollar + https://www.bloomberg.com/news/articles/2019-04-17/currency-traders-should-get-ready-for-a-big-move-in-the-dollar +Some ppl advise anything above 500$, this seems unrealistically low. How are you going to avoid being stopped out all the time? Can you please advise on your own example if possible - what did you start with? + +Edit: Thank you for your advice guys, I appreciate how understanding and helpful this community is. I am sure your advice will help me stay alive (a little longer) in this all out war! +..to consistently get an >80% win rate using the 5-minute chart, and have a monthly % profit close to 100% (and sometimes even exceeding 1000%)? + +.. and get a 10k USD account to 1M USD in less than 1 year daytrading? + +Some of the claims of these "masters" are bordering on fantasy. What do you think? +Luxury yacht sale is apparently booming. Why don't we extend the luxury car tax to all luxury items? I am ok to raise the threshold within a class of products to define it as luxury but then apply to products like cars, yachts, private jets, jewellery etc. +https://www.theguardian.com/australia-news/2021/may/11/rising-tide-of-luxury-spending-as-covid-grounds-australias-wealthy +I want to save time ideally because I’m a total noob and suck at focusing on coding. I know this is bullshit excuse but is there any good tutorials for coding that’s algo trading related? + +If not it would be dope if someone on here could make something that teaches the essentials +I understand that excess inflation caused by demand driven price increases requires a response by central banks to keep price growth under control. However to me it looks like a lot of the price rises are caused by supply side issues, not an overheated economy. You could even argue real estate costs are caused largely by supply side issues. +A lot of Australians are struggling with increased fuel, food, vehicle and rent prices. And we are yet to see any significant wage rises. +So why are we rushing to increase the cost of money which will only increase the cost of living, especially as we now have more debt than ever before so we are highly susceptible to interest rate rises? +[Here's the full 75 page document](https://www.irs.gov/pub/irs-drop/td_9935.pdf) + +The spoiler has the most relevant information: + +WASHINGTON – Today the Treasury Department and Internal Revenue Service issued [final regulations **PDF**](https://www.irs.gov/pub/irs-drop/td_9935.pdf) relating to section 1031 like-kind exchanges. These final regulations address the definition of real property under section 1031 and also provide a rule addressing the receipt of personal property that is incidental to real property received in a like-kind exchange. + +The 2017 Tax Cuts and Jobs Act (TCJA) limited like-kind exchange treatment to exchanges of real property. As of January 1, 2018, exchanges of personal or intangible property such as vehicles, artwork, collectibles, patents, and other intellectual property generally do not qualify for nonrecognition of gain as like-kind exchanges. Also, like-kind exchange treatment applies only to exchanges of real property held for use in a trade or business or for investment. An exchange of real property held primarily for sale does not qualify as a like-kind exchange. + +Under the final regulations, real property includes land and generally anything permanently built on or attached to land. In general, real property also includes property that is characterized as **real property under applicable State or local law.** In addition, **certain intangible property, such as leaseholds or easements, qualifies as real property under section 1031**. Property not eligible for like-kind exchange treatment prior to enactment of the TCJA remains ineligible. Neither the TCJA nor the final regulations change whether the properties exchanged are of like kind. + +To report a like-kind exchange, taxpayers must file [Form 8824](https://www.irs.gov/forms-pubs/about-form-8824), Like-Kind Exchanges, with their tax return for the year they transfer property as part of a like-kind exchange. This form helps taxpayers figure the amount of gain deferred as a result of the like-kind exchange, as well as the basis of the like-kind property received. Form 8824 also helps taxpayers compute the amount of gain they must report if cash or property that isn't of a like-kind is involved in the exchange. + +For more information about this and other tax reform changes, visit [irs.gov/taxreform](https://www.irs.gov/tax-reform). +We all know the broad rule of thumb when you start contributing to a pension is for the overall % to be half your age, but what if you can't afford that? + +According to the ONS, in 2018 the average weekly expenditure for a retired couple was £498.70; £25,932.40 per annum, so that works out as £12,966.20 each if split evenly. If you qualify for the State Pension in full then that is £179.60 per week, £9,339.20 per annum, so you would need to find an extra £3,627 of annual income from elsewhere. + +If we use the 4% safe withdrawal rate as an assumption then that would mean you would need to build up a pension pot of £90,675 to be able to draw down from somewhat sustainably. If we say someone has no pension pot and 45 years until State Pension age and they achieve annual growth net of inflation and charges of 5% then the amount they would need to contribute over this timeframe is approximately £46 per month, £552 per annum. + +If you were in your bog standard auto-enrolment scheme where you contribute 5% and your employer contributes 3% then to have that amount going in you would have to be earning a whopping £6,900 per annum. If you worked minimum wage (£8.91 for those over 23) for 35 hours per week then earnings of £16,216 could see £1,297.30 paid in each year, which is way higher than the £552 mentioned above. + +Now there are a lot of caveats to this; there's no guarantee over future growth, what the State Pension will be in the future, lots of people manage fine spending less than the average figure for retirees, it's based on the finances for a couple and starting off in your early twenties, etc. I know lots of people on this sub want to retire early (which is why contributing more than the minimum is a good idea) but I hope it provides some peace of mind for others worried that they can't afford to pay any more in that they can still have a comfortable enough retirement. + +https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/expenditure/datasets/expenditureoftwoadultretiredhouseholdsbygrossincomequintilegroupuktablea55 +I guess most of the users here know not to tap into one's retirement funds, but I'm just reiterating that because I was tempted to do otherwise. + +In May, I thought of purchasing a house (personal reasons) and I didn't have the 20% down payment. My colleague at work suggested me to withdraw the funds from my Vanguard 401k as there is only $100 fees and any interest that I pay is going to my account itself. It's a win-win situation. + +As I researched further, there were ample posts which suggested not to use the 401k funds. I luckily paid heed to the advice and dodged the bullet. I ended up purchasing a house with 5% down payment and PMI. + +I checked the performance of my funds in my 401k. From the period that I had planned to withdraw the funds to present, my gain is ~30%. One more contributing factor for the large gain is the market had just started the recovery after the crash in March. + +Hopefully, my experience will help others in avoiding the same mistake that I avoided. + +Edit: For better clarity. + +I am 31 and I have been contributing to my 401k for past 5 years. If I had to make a withdrawal for the down payment from my 401k, I would be taking out 70% of the funds at the time. Also, I didn't know if the funds were at the lowest or would be recovering. + +I have been trying to say one cannot time the market, hence do not tap into your retirement funds. Let it ride both the lows and highs to get an average ROI in the long term. + +The short term gain that you see is the recovery which makes an average ROI of 8% for my contribution in 5 years. + +Hope this clears some of he questions raised in the comments. + +Edit 2: The reason I bought with 5% down payment and PMI. + +My apartment lease renewal quote increased the price by almost 15% which was too high for a shitty 1 Bed, 1 Bath. + +I had a budget in mind and planned to purchase a house only if it was under the budget. I had a potential roommate (my friend) in the waiting even before I purchased the house. + +Now, my mortgage payment including insurance and PMI, the payment I receive from roommate is equal to the rent I was initially paying for the apartment. + +I am currently making additional payment to get the PMI off in next 1.5 year. The total PMI I would end up paying would be $2k. I would have also made a 22% equity on the house in this time period which is a win for me. +https://www.youtube.com/watch?v=SwkjqGd8NC4 + +This documentary is phenomenal. It was produced in the UK, but it has loads of practical advice for investors of all nations. It interviews Jack Bogle, founder of Vanguard, David Booth, founder of dimensional fund advisors, and several Nobel Prize winning economists. It is really a great practical guide for someone starting out on how to view the markets and make their own decisions regarding how to invest. Enjoy! As always, feel free to comment or start a discussion below! +Hi everyone, +I’m 21 years old and have been dollar cost averaging into IVV s&p500 for about 3 years now, but want to expand to a dividend position as well. Whats everyone’s position on if I begin a holding in a broader etf like SCHD or should I be more focused on individual dividend producing stocks in different sectors ? +I want to start putting some of my money in my bank account into dividends instead but looking at the charts... aren’t we due for a big correction soon? SPX about to make all time highs.... COVID at an all time high... past correction was very big.... should I just wait? Or get in now? I plan on keeping the money in for at least a couple of years + So my brother was born with some severe mental disabilities, and the State has been paying my Dad to take care of him full-time. After 43 years he passed away suddenly a couple of weeks ago, and my Dad is no longer employed. He's looking for work, but in the mean time are there any programs people are aware of that can supplement him until that time? He was earning income and I believe it was taxed so unemployment is potentially an option, but might there be anything else? +hey guys. i’ve finally traded to 1000$ capital and wanna start capturing theta gains. any suggestions on stocks to run it on? should i pick one 10$ stock or a couple 2-3$ stocks. thanks +Cmon guys. Take a breather. We’re going to have days we don’t gain 20%. And that’s okay. + +Some days we may go down 5%, 10%, even more. And on those days, put your phone down, and check back later. Or if you must, zoom out and look at the 7 day, 30 day, 90 day charts and see what’s been going on. Crypto is a volatile space, and definitely a long term play, so don’t panic. + +The people who do the best are those that just buy and forget about it for years. Keep hodling. We got this. +Today was one hell of a drop for the opening of the share market. I mean no one can predict the bottom but some shares right now are at a absolute bargain? + +What’s everyone doing? Sitting on the sidelines, or just putting some money here and there? +**TLDR:** *On October 1st, large banks* *^((see below for Tier 1 banks))**, will be required to adhere to minimum capital requirements. Falling below this minimum will result in automatic restrictions to capital distributions (dividends) and discretionary bonus payments. Interestingly, BofA (tier 1) and Huntington (tier 4) requested their stress test results be reconsidered.* ^(\[source 0\]) + +..... + +# Projected Trading Losses + +These are the projected trading losses based on the Stress Tests conducted by the FED on the tier 1 banks. + +&#x200B; + +|*Bank*|*Projected Trading Losses 2022*|*Projected Trading Losses 2021*|*Projected Trading Losses 2020*| +|:-|:-|:-|:-| +|Bank of America|$12.9B ^(\[+30.3%\])|$9.9B ^(\[-5.7%\])|$10.5B| +|Bank of New York Mellon|$2.9B ^(\[+190%\])|$1B ^(\[+25%\])|$800M| +|Citigroup|$13.6B ^(\[+58.13%\])|$8.6B ^(\[+50.87%\])|$5.7B| +|Goldman Sachs|$20.9B ^(\[-0.94%\])|$21.1B ^(\[+18.53%\])|$17.8B| +|JPMorgan Chase|$16.1B ^(\[-14.36%\])|$18.8B ^(\[-13.76%\])|$21.8B| +|Morgan Stanley|$10.6B ^(\[-5.35%\])|$11.2B ^(\[+17.89%\])|$9.5B| +|State Street|$1.5B ^(\[+87.5%\])|$800M ^(\[+33.3%\])|$600M| +|Wells Fargo|$13.7B ^(\[+47.31%\])|$9.3B ^(\[+6.89%\])|$8.7B| + +A minor detail in the stress test report.... + +>^(\[source 1; page12\]) *Importantly, these projected losses are based on the trading positions and counterparty exposures held by banks on the same as-of date (****October 8, 2021****) and could have varied if they had been based on a different date.* + +I did check other reports and it seems normal for the bank to use the previous year's "as-of date," in October. This detail is important to point out, since October of last year when these assets were all accounted and their values determine, there has been a substantial decline in their values. + +.... + +# Provision for Loan Losses (including Margin Loan) + +This is a basket of potential loan losses; corporate loans, mortgage loans, auto loans, credit cards...but the one that's also included in this metric: ***loans for purchasing and carrying securities (basically margin loans).*** ^(\[source 2; page14\]) + +&#x200B; + +|*Bank*|*Provision Loan Losses 2022*|*Provision Loan Losses 2021*|*Provision Loan Losses 2020*| +|:-|:-|:-|:-| +|Bank of America|$53.5B ^(\[+27.68%\])|$41.9B ^(\[-21%\])|$53.1B| +|Bank of New York Mellon|$1.7B ^(\[+6.25%\])|$1.6B ^(\[-11%\])|$1.8M| +|Citigroup|$37.5B ^(\[+10.61%\])|$33.9B ^(\[-32.2%\])|$50B| +|Goldman Sachs|$18.9B ^(\[+47.65%\])|$12.8B ^(\[+15.31%\])|$11.1B| +|JPMorgan Chase|$64.5B ^(\[+55.42%\])|$41.5B ^(\[-42.6%\])|$72.3B| +|Morgan Stanley|$11.5B ^(\[+36.9%\])|$8.4B ^(\[+29.23%\])|$6.5B| +|State Street|$2.1B ^(\[+40%\])|$1.5B ^(\[+7.14%\])|$1.4B| +|Wells Fargo|$53.9B ^(\[+23.34%\])|$43.7B ^(\[-17.39%\])|$52.9B| + +Does this mean anything? **NOPE**. I included it in here since it's actually where the stress test accounts for *potential failed margin calls*. In the fallout of Archegos, where Credit Suisse had a $5.5B loss, their 2021 test ^((remember that the 21' report reflects an October 20' snapshot)) only accounted a $200M loss potential. Guess phone numbers *can* be prices. + +Speaking of Archegos, this post will be the only place I ever speculate on BBBY....check the bonus section. + +... + +# Falls from Tier 1 + +Based on comparing the 2021 to 2022 reports, the following banks are no longer Tier 1 banks: *Barclays, Credit Suisse, Deutsche Bank, and HSBC.* + +*..* + +# Bonus: Revisiting Archego's Timeline + +* March 22nd: ViacomCBS (PARA) announced a $3B offering + +https://preview.redd.it/2a9i69sqe7l91.png?width=725&format=png&auto=webp&s=fefe9a46db3d547d79ebd08bb8506ccad0118874 + +* March 23rd: Viacom closed down -9%; Potentially, when margin calls were issued. +* March 24th: Viacom closed down -23%; Potentially, the day a margin call failed. +* March 25th: GME closed up +52.68% + +https://preview.redd.it/hnfz4c1fh7l91.png?width=1032&format=png&auto=webp&s=264700d34aee6c60094a2891d36fa4e8647dc910 + +* March 26th: Goldman and Morgan Stanley liquidate PARA and other positions. +* March 27th: News is released on Archegos failure. + +https://preview.redd.it/268sxmxgh7l91.png?width=931&format=png&auto=webp&s=3bcb381d28b60ca36c7cd44fcf10f6f8fff52281 + +So what does this have to do with BBBY, RC, and GME? + +>Let's see who's in the top 5 ownership of BBBY + +https://preview.redd.it/h68co2owi7l91.png?width=1002&format=png&auto=webp&s=534d77bd13479555c447596cb3039107e659985b + +And what does BBBY have in common with PARA...now. + +https://preview.redd.it/irw6ksw3j7l91.png?width=1310&format=png&auto=webp&s=357c5733dec5afc7818194de2b26c12b24c33ede + +One last thing, when I actually researched BBBY and it's institutional holders...RC wasn't the first to sell. + +* August 10th: Fidelity sold 13,799,381 shares, representing a 13.65% stake \[4\] +* August 16th: Freeman sold 4,968,000 shares, 6.21% stake, and a position only held for 27 days + +If history repeats itself, BBBY may mimic PARA's negative price action, which may positively correlate to GME again as it did in the past. With the new ISDA initial margin requirements (Sep 1st) and the banking capital requirements (Oct 1st) going into effect, hands may be *forced to act...****again***. + +. + +# Sources + +* \[0\] FED Capital Requirements October 1st Press: [^(https://www.federalreserve.gov/newsevents/pressreleases/bcreg20220804a.htm)](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20220804a.htm) +* \[1\] Current 2022 Stress Test Report: [^(https://www.federalreserve.gov/publications/files/2022-dfast-results-20220623.pdf)](https://www.federalreserve.gov/publications/files/2022-dfast-results-20220623.pdf) +* \[2\] 2021 Stress Test Report: [^(https://www.federalreserve.gov/publications/files/2021-dfast-results-20210624.pdf)](https://www.federalreserve.gov/publications/files/2021-dfast-results-20210624.pdf) +* \[3\] 2020 Stress Test Report: [^(https://www.federalreserve.gov/publications/files/2020-dfast-results-20200625.pdf)](https://www.federalreserve.gov/publications/files/2020-dfast-results-20200625.pdf) +* \[4\] Fidelity BBBY sale: [^(https://www.sec.gov/Archives/edgar/data/0000315066/000031506622001698/0000315066-22-001698-index.html)](https://www.sec.gov/Archives/edgar/data/0000315066/000031506622001698/0000315066-22-001698-index.html) +I recently was in a discussion with some friends about tradeoffs of capital gains taxes vs regular progressive income taxes and their impression was that capital gains taxes ("what rich people pay") are really low \~15% while income tax ("what normal people people pay") are really high so I started to do some research for comparing the rates in a high tax state like California - am I missing anything in the below calcs - I was surprised by how close they were when I actually did the math. + +*Note: Posting to FF because the pitchfork mob came for me when I posted under a throwaway on the more tax centered channels about how once you make 500K+ the marginal tax rate should be close to 100% ;)* + +Assume AGI of $700K (before stock sale), living in California and you sell a holding either: + +(A) Disqualifying disposition (e.g. sell stock short term) + +* Fed (37%) +* California (12.3%) \[Over 1M it goes to 13.3%\] +* Total: 50.3% + +(B) Qualifying disposition (e.g. sell stock long term) + +* Fed Long Term Cap Gain (20%) +* Fed Net Investment Income Tax (3.8%) +* California (12.3%) \[Over 1M it goes to 13.3%, cap gains treated like income\] +* Total: 37.1% +Hi, I just parked some lump sum money in DSP Government Securities Fund a couple of months ago and it is giving some crazy returns of 14.4% annualized so far. is this normal for Gilt funds? When I look at G-Sec or T-Bills on Zerodha, they don't return so much. Surprisingly, this DSP Govt Sec fund has returned 8.22% annualized over 10 years. Looks like it has at least returned as much as Nifty in any year between 1 to 20 years and when Nifty has been negative, this has still been positive. + +What am I missing? It can't be this simple. It seems immune to inflation, stock market and everything else. + +[DSP Government Securities Fund](https://www.valueresearchonline.com/funds/663/dsp-government-securities-fund) +So I come from a Asian family and traditionally children are basically the retirement plan. I don't mind supporting them financially since they did pay for my schooling till university and take care of me. My dilemma is that my parents are older than most for my age. My parents are 65 and one year away from retirement and I'm 21, just graduated. Ide really love to hear how other people in similar or have been through similar situations are managing . +Guten Tag to this global band of Apes! 👋🦍 + +I must admit that I haven't had much opportunity to catch up on yesterday's events. +While I usually try to distill them to a summary, I'll have to catch up before I can do so. +A quick glance at the charts shows me that the SHFs are still struggling to control their short exposure. + +Meanwhile, Apes continue to DRS at an incredible rate, now only having 47% of the float to lock. +Regardless of what happens with the daily price movement, there is one thing that the SHFs cannot control. +Every share that we extract from the DTCC is one that they cannot use to manipulate the price with. +No amount of fuckery is going to stop us from locking the float. + +I am traveling this week and do not know if I'll be able to reliably post. +While many days I should be able, I will try to arrange coverage for days when I will not. +Thank you for understanding! + +Today is Thursday, August 18th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$39.94 / 39,30 €** *(volume: 18667)* +- ⬜ 115 minutes in: $39.94 / 39,30 € *(volume: 18608)* +- ⬜ 110 minutes in: $39.94 / 39,30 € *(volume: 18600)* +- ⬜ 105 minutes in: $39.94 / 39,30 € *(volume: 18432)* +- ⬜ 100 minutes in: $39.94 / 39,30 € *(volume: 18393)* +- 🟥 95 minutes in: $39.94 / 39,30 € *(volume: 18380)* +- 🟥 90 minutes in: $40.02 / 39,38 € *(volume: 17741)* +- 🟩 85 minutes in: $40.40 / 39,75 € *(volume: 17194)* +- 🟩 80 minutes in: $40.40 / 39,75 € *(volume: 16608)* +- 🟩 75 minutes in: $39.90 / 39,25 € *(volume: 14548)* +- 🟩 70 minutes in: $39.88 / 39,24 € *(volume: 14513)* +- ⬜ 65 minutes in: $39.72 / 39,08 € *(volume: 13207)* +- 🟥 60 minutes in: $39.72 / 39,08 € *(volume: 12959)* +- 🟩 55 minutes in: $39.90 / 39,25 € *(volume: 12852)* +- ⬜ 50 minutes in: $39.69 / 39,05 € *(volume: 11769)* +- 🟥 45 minutes in: $39.69 / 39,05 € *(volume: 11681)* +- ⬜ 40 minutes in: $39.76 / 39,12 € *(volume: 10417)* +- 🟩 35 minutes in: $39.76 / 39,12 € *(volume: 9969)* +- 🟥 30 minutes in: $39.54 / 38,90 € *(volume: 7969)* +- 🟩 25 minutes in: $39.64 / 39,00 € *(volume: 7872)* +- 🟩 20 minutes in: $39.59 / 38,95 € *(volume: 7002)* +- 🟥 15 minutes in: $39.41 / 38,78 € *(volume: 5727)* +- 🟩 10 minutes in: $39.89 / 39,25 € *(volume: 5115)* +- 🟩 5 minutes in: $39.64 / 39,00 € *(volume: 4408)* +- 🟥 0 minutes in: $39.44 / 38,81 € *(volume: 1473)* +- 🟥 US close price: $40.52 / 39,87 € *($38.71 / 38,09 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0164. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +As the title reads, I am buying a new home and can put down 10% or 20%. The reason I am wondering is because I HATE paying money when I shouldn't have to, and if I put down 10%, I will have to buy PMI insurance. I could technically afford 20%, but I won't have a ton of wiggle room if I do. Any advice? +# Is that 15% number made up? + +Why does ["How to handle $"](http://www.reddit.com/r/personalfinance/wiki/commontopics) recommend saving 15-20% of your gross income for retirement? + +Simply put, 15% is roughly the savings rate needed to retire with a similar income after a 40 year career. 20% is even better because life happens. You may have trouble saving some years, the market may perform poorly for an extended period of time, and who knows what will happen with Social Security. + +To illustrate this, I took median personal income data based on Census Bureau data, extrapolated it out over a 40-year career and took a look at what saving 10%, 15%, and 20% would provide in retirement income on top of the median Social Security benefit. + +This model still works for radically different income levels because everything is based on percentages, but I wanted real data because people tend to earn much less when they are younger and that affects how much you'll have when you retire. + +# The model + +age|personal income|savings at 10%|savings at 15%|savings at 20% +-|-|-|-|- +25|$32,000|$3,200|$4,800|$6,400 +26|$33,200|$6,712|$10,068|$13,424 +27|$34,400|$10,555|$15,832|$21,109 +28|$35,600|$14,748|$22,122|$29,496 +29|$36,800|$19,313|$28,969|$38,626 +30|$38,000|$24,272|$36,407|$48,543 +35|$41,000|$54,877|$82,316|$109,754 +40|$44,000|$97,526|$146,288|$195,051 +45|$45,000|$155,639|$233,459|$311,279 +50|$46,000|$233,973|$350,959|$467,945 +55|$46,500|$339,201|$508,802|$678,403 +60|$47,000|$480,303|$720,455|$960,606 +65|$45,000|$668,598|$1,002,897|$1,337,196 + +**All dollars are 2015 dollars.** + +# What does retirement look like for those people? + +It looks pretty good, but I wouldn't want to be the person who only saved 10%. And yes, the 15% saver got to a $1M nest egg after 40 years of saving with only a median income. + +Let's look at a [4% safe withdrawal rate](https://www.bogleheads.org/wiki/Safe_withdrawal_rates) from retirement investments plus median Social Security benefits. + +retirement income|10%|15%|20% +-|-|-|- +median Social Security benefit|$16,020|$16,020|$16,020 +4% retirement withdrawals|$26,744|$40,116|$53,488 +total retirement income|$42,764|$56,136|$69,508 + +# What can we conclude? + +- **10% is just enough** if Social Security benefits don't go down, nothing seriously interrupts your retirement savings during your working years, and the market does pretty well. + + That is a lot of "ifs". + +- **15% is good for a solid retirement** that would be sufficient even if Social Security benefits are significantly reduced. You can also survive a few bad years along the way. + +- **20% is much safer**. Not only could you survive without Social Security, but if the market does poorly over the coming decades, you aren't totally screwed. If the market grows just 1% slower, the 20% model looks more like the 15% model. + + It might also let you retire better or earlier. Early retirement may not even be a choice. The median retirement age in the US is 62 and many of those retirements are due to health issues or inability to find work. + +# Understanding these numbers + +Note that all dollars are 2015 dollars so you don't need to think about "how much will $X be worth in 10, 20, 30, or 40 years?". + +This means that the nominal dollar amounts shown at age 65 here are likely much lower than they will be actually be in 40 years. If the inflation rate stays at about 2%, the actual value of the 15% portfolio would be about $2.2M, but since $2.2M would only have the value of $1M in 2015 dollars, it's easier to just think about everything in 2015 dollars. + +That's also why this post uses a growth rate that includes the value-reducing effect of inflation (6% rather than 8% or something higher). + +# Is this pessimistic enough? + +I tried to generate a "middle of the road" look at the future based on today's numbers, but we have no way of knowing what the future growth of the markets is going to be. **My point here isn't that 15% or 20% is enough no matter what, but that a 10% savings rate is not really where you want to be.** + +Also bear in mind that while the 4% safe withdrawal rate historically works in the US, it is definitely optimistic. If applied on historical data from other developed countries, it ends up being much too high (you run out of money early). A more pessimistic model might use 3% or 3.5% instead. + +## Notes: + +* 6% post-inflation growth is assumed. The long-term historical average for the US stock market is about 7%. We use a lower number because you can't expect a 7% return. Bonds return less than stocks and we have no way of knowing what the future performance of the stock market will be. + + To be more specific, the 6% number is the median post-inflation CAGR across all 40 year periods on [cFIREsim](http://www.cfiresim.com/) with 85% stocks, 15% bonds, 0.1% expenses, and annual rebalancing. Note that cFIREsim only uses large-cap US stocks for stocks and US Treasuries for bonds (a [more diversified portfolio](https://www.reddit.com/r/personalfinance/wiki/investing#wiki_can_you_just_recommend_something_extremely_specific_to_get_me_started.3F) is usually recommended here). There is a spreadsheet link below if you want to try different rates of return. + +* The income data is the average of the incomes for men and women roughly interpolated out to get numbers for every single year. This includes data from non-primary earners in two income households (e.g., parents who mostly stay at home) which lowers the numbers somewhat. [Financial Samurai has a nice article on the data.](http://www.financialsamurai.com/median-income-by-age-and-sex-in-america/) + +* Here's [my spreadsheet](https://docs.google.com/spreadsheets/d/1qn5nyeEqgNRPdJwRD-TERGqE6CypR0oKmCSTd0h7yCs/edit?usp=sharing) if anyone wants to look at the numbers or change any of the assumptions (e.g., rate of return or safe withdrawal rate). You'll need to make a copy in order to edit it. + +edits: I added the spreadsheet link, the "Understanding these numbers" section, and the cFIREsim notes. +My Dad was just told he has inoperable terminal cancer and probably only has 2 - 4 months left. My family and I are still trying to process what the doctors have told us and what the best way forward for him is; all I want for him is to be pain free and have the best quality of life he can. We’re going to be spending all the time we can together in the time we have left, taking photos, trying to laugh together, talking about memories etc. + +Notwithstanding, I know there are plans we should be getting in place, so that when the time does come we are well prepared. His head’s not in a good place right now, so what can I do from a personal finance and other life-planning perspective to help him? He’s only just retired from active RAF service having spent his whole working life with them (he has a full military pension); I’m not sure what bank accounts he has. What will happen with them? All his service colleagues will want to visit so we’ll need to make time for him to do that. He’s mentioned in the past that he wanted to minimise inheritance tax for Mum, sisters and I. Should I find out if he has a financial adviser and if not arrange one for him to help with that? My Mum won’t be able to cope on her own in the house they’re in once he’s gone, what can I do to help with the eventual move? I think he has a will, but I’m not totally sure – can financial advisers also help with this or does he need to get legal advice? What other things have I missed? + +He won’t want to talk about funeral arrangements or any of that stuff but I don’t know what else I can do for him and just feel at a complete loss because I’m so useless right now. Any help would be appreciated. + +Thank you. + + +**EDIT: Thank you everyone from the bottom of my heart. I've gone from knowing practically nothing to at least having a starting point to help him and my family through this. You guys are awesome.** +Hi reddit. I've been interested in crypto for some time now, and I think it's finally time to take the leap. I have $5-10k that I'd like to drop into the market, in the hopes that crypto takes off at some point in the distant future, but I don't know which one to invest in. + +The simple answer would be Bitcoin, because it's the first and it has the most infrastructure (BTC ATMs, easy to buy and sell, etc), but it's also old and I'm not sure if it would last at mainstream adoption - it could just be outdone by a newer, better crypto. Though I could buy 1 BTC which is in my price range and just let it sit. + +I've also considered buying smaller amounts of a wider range of cryptos, for example the top 10 or top 20. My issue with this is that they change often and I don't want to constantly manage, I'd rather buy and forget about it for a long time. + +If you were in my situation, what would you do? I know there are a lot of smart people here who know a lot more about this than me, your advice is appreciated. +I have seen a lot of PRL shills lately. The market cap seems low but it has already mooned and is not at $1.65, so what do you guys think? Good buy or wait for the dip? +This is his FINAL UPDATE. + +By buying 50,000 shares at $155+, he drained the amount he was willing to invest in this play. Many have been all-in for a month. Others continue to buy. DFV in this one statement has said, the due diligence is sound. He is a value investor that looks for 10X+ returns (in less than 3 years). He clearly believes in the MOASS, but no one risks this kind of money without absolutely believing in the turn-around Ryan Cohen's dream team is orchestrating. + +There isn't a need for more DD (although everyone will welcome it). This is the stock play for the foreseeable future. + +I stand ready for the moon launch with my XXXX shares, but like DFV, I am committed to this company for the long haul. As a gamer, I will be a lifelong purchaser of everything GameStop makes available. + +Thank you apes for making investing so fun. Thank you Ryan Cohen for saving a company we all wanted to keep. And thank you DFV for your countless hours of sharing your early insights, humor, and humility. It could not have come at a better time. + +See everyone in space. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) +