diff --git "a/reddit_finance_43_250k_286.txt" "b/reddit_finance_43_250k_286.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_286.txt" @@ -0,0 +1,10000 @@ +The next day, trading halt, capital raise. *Funds raised under this Offer will be applied to further development of the Killanoola Oil Project.* They needed more cash to fund the development. + +**Net pay announcements:** + +On 22nd of March, ROG announced Killanoola SE-1 net pay had been recalculated at 16m *in stark contrast to the original net pay estimates of 1.5m.* Unfortunately, the announcement doesn’t give any details of how the net pay was recalculated. + +On 6th of May, ROG announced Killanoola-1DW-1 had been recalculated at 42m, in contrast to original estimates of 5 m. This time, they provided a little bit more clarity on the results of their analysis (Figure 3 below from the announcement). While this gives more insight into the results of the analysis once again it doesn’t give details on how the well was re-analysed. + +&#x200B; + +https://preview.redd.it/vrp30q41n1k71.png?width=798&format=png&auto=webp&s=ce4f9265673854cd9b4f86c45c1c11881403a0f0 + +**How is Net Pay Determined – A Quick Petrophysics Lesson** + +Disclaimer: I'm far from an authority on petrophysics, I just know a bit more than the average bloke. + +In the most basic terms, two factors are needed for a hydrocarbon discovery. First you have to find a reservoir rock (usually sandstone) with enough porosity (empty space between rock grains) in the rock to hold a substantial volume of fluid. A porosity of 0 means there is no empty space, whereas a porosity of 0.1 means 10% of the rock volume is actually fluid filling empty space. + +Secondly, you need to determine the fluid in that reservoir rock is a hydrocarbon, not water. This is done by determining the Water Saturation. A water saturation of 1.0 means all of the empty space in the rock is filled with water, whereas a water saturation of 0.3 would mean 30% of the empty space was water, and 70% can be assumed to be oil or gas. + +Unfortunately, there is no way to directly measure water saturation of a reservoir short of cutting a core and measuring it at surface. The only way to determine it for the whole thickness of the reservoir is to try to calculate it based on other log measurements (some combination of Gamma-Ray, density and resistivity in most cases). The physics behind this calculation is complicated and way beyond the scope of this post, but the key point is it’s a long way from an exact science, so water saturation calculated from well logs are really just a ballpark estimate. + +Now, net pay is just a term that means both of these factors are in place. Porosity (Av Phi in the table above), and Water Saturation (Sw above) need to be calculated based on well logs, and then the thickness of rock that has a porosity ABOVE a certain cut off AND water saturation BELOW a certain cut off, is defined as net pay. + +But here’s the thing. What cut off do you use? The short answer is it depends, the person doing the analysis needs to make a decision. Changing that number can make a huge difference to the amount of net pay. + +**Back to ROG** + +ROG haven't aquired any new well data. So what have they done in re-analysing the existing data? They’ve changed the cut offs for porosity and water saturation that define net pay. + +The question is, changed them to what, based on what information or new data that ROG has that others didn’t? If only we could open the tab: Pay Cutoffs in Figure 3, we might get a better idea. But we can’t, so we have to take them at their word they had good reason to fiddle the cut offs they used. + +One other thing does jump out at me though. Based on figure three, the average water saturation across the whole 149 meter thickness of the Sawpit Sandstone is 0.735, so on average the fluid over that thickness is 73% water. In the net pay section, 42.82 m thick, the average water saturation is 0.679, so 68% water. So on average, their net pay only has 5% less water than the rest of the sawpit sandstone reservoir. + +**What does this all mean?** + +Basically, ROG haven’t made some incredible new discovery. They just moved the goalposts to get a better result. Did they have a good reason to move the goalposts? ROG hasn’t provided any details about this. + +**A note on ‘Waxy Crude’** + +I’ve written enough about petroleum engineering in this post already so I’ll keep this really brief. Waxy oil is a pain in the arse. When it’s pumped out of the well, pressure and temperature drop, and wax solidifies out of the oil on surfaces the oil flows through. This builds up inside the well, along with inside surface facilities, pipelines etc, which eventually gums them up, and prohibits the flow of oil. It’s a problem and it costs a lot of extra cash to deal with. + +Edit: this article gives a good introduction to some of the issues: + +https://www.linkedin.com/pulse/combating-implications-waxy-nature-crude-oil-from-1 + + +**Bigger Picture** + +Consider the risk/reward balance for management. They obtained the asset for nothing. So best case scenario, they pull off commercialising it and they walk away millionaires. Worst case scenario, ROG goes tits up and bunch of shareholders lose out. Management have nothing to lose. + +ROG haven’t actually explained how they managed to find an additional 52m of net pay. It could be they’re privy to some information that the previous owners of the field didn’t have. Alternatively, the company bought the asset for $1, wants to take a punt the previous asset owners were too conservative to develop, and are gambling global oil prices keep rising to justify the expense of producing waxy crude. + +Given the pump of the shareprice on weak announcements about pump inspections followed by a capital raising, do you trust they’re not just rolling the dice at shareholders expense? + +Don’t get me wrong, it could well be that ROG successfully commercialises the Killanoola field, and the shareholders have a win – but walking into a casino and putting your money on black would certainly be quicker and might have better odds. + +TL:DR: ROG is very high risk. Personally I wouldn't go near it. + +This all my just my own personnal opinion, and I've probably made mistakes with some of the dates/facts/general content of the whole post - GFY DYOR - Not financial advice, particularly the part about putting your money on black. +**"IOU's goal is to be one of the leading digital transaction processors in the booming cashless economies of South East Asia."** + +IOUpay is a mobile banking service that provides e-wallets, payment processing, and bill payment services throughout South East Asia, both for the banked and unbanked. Allowing individuals without traditional bank accounts access to pre and post paid billing services, as well as engage in traditional commerce and e-commerce transactions for general goods and services. According to IOUpay - approximately 200-300 million people in South East Asia either have no access to banking facilities, or are underbanked, relying on their phones for daily interaction with the internet, and therefore a majority of their banking. + +There has always been a significant issue with underbanking in South East Asia, with limited options for credit and other banking services. South East Asia is also one of the fastest-growing internet economies. Combine that with the fact that around half the population are under the age of 30 and you have significant room for e-commerce growth long-term. + +IOUpay is already one of the largest digital transaction services and payment processors in Malaysia, with recent acquisitions and agreements putting them in a good place for significant growth in to other South East Asian countries, and in a healthy position to capture some excellent market share of the predicted US$1 trillion in digital payments expected by 2025. + +**Share Price** + +* Last close - $0.44 (up 183.87% for the week) +* Market cap - $198,212,109 +* Shares Issued - 450,482,065 + +**Management** + +* CEO - Khong Kok Loong + * 30 years experience and relationships in the South East Asian tech sector + * Most recently Technical Director of Malaysian national payment gateway operator IPay88 + * Proven track record in fintech platform and product development and strategic commercial development +* CFO - Kenneth Kuan + * 20 years commercial and corporate law, finance industry management, regulatory compliance, and mergers and acquisition experience from Malaysia, South East Asia and Australia + * Bachelor of Law (LLB) Hons (1997) from University of South Wales, United Kingdom. + * History as Head of Credit and Receivables with largest Malaysian publicly listed non-bank finance company AEON Credit Berhad + * Was a senior consultant with Ernst & Young Malaysia +* CTO - Lau Teck Huat + * 22 years of system integration with network management and complex problem solving. + * 16 years integrating and managing front and back in systems in the stockbroking industry + * 6 years as CTO of financial data and terminal provider DZH International + * Head of System and Network Infrastructure of iPay88 where he worked with the CEO of IOUpay for 6 years + * Has worked closely with all major e-wallet and digital cash providers in South East Asia including Grabpay, Alipay and WeChat + +**IOUpay Platform** + +The platform itself has two main pillars - Mobile banking and Digital Payments. Focusing on the following six containers to drive growth. + +* Secure communication + * Originate new customers + * Data driven product offers and marketing campaigns + * Secure and scalable +* Credit Scoring + * Pre-approved limits and individual payment approvals +* Customer onboarding + * Existing customer engagement and new customer acquisition +* Bill Payments + * Purchase and resale of inventories (prepaid airtime and internet data, electricity, water, parking, insurance) +* Processing purchases and payments + * General goods and services + * E-commerce + * In-store products and services +* Account debiting + * Merchants and consumers + * Checking and savings accounts + * Credit and debit cards + * E-money payments + +Benefits to consumers include easy access via internet and phone applications, available to anyone with a phone so it's easy for the underbanked or unbanked to utilise, it's fast, and it's cost effective. + +Benefits to brands and merchants include seamless integration, low cost, secure, access to credit data and, increased merchant sales growth as it provides seamless engagement. + +&#x200B; + +**You'll notice up until this point I have not mentioned their Buy Now, Pay Later service, which has only recently been announced and is yet to be fully rolled out.** + +&#x200B; + +December 2020 Quarterly Report & Business Activity Update Highlights (29/01/2021) + +* Acquisition of Malaysian Money Lending Licence required to operate BNPL services +* BNPL processing capability and large scale distribution channels secured with merchant services agreements signed with two of Malaysia's largest payment gateway providers and a leading bank +* Core platform capabilities for BNPL rollout successfully completed +* BNPL Platform modules for merchants and customers completed +* BNPL signed merchant rollout plans underway with soft launch commencing in Feburary +* Mobile banking revenues up 85% for the quarter + +(as well as other highlights - document available via their website or ASX News) + +**The Recent Rocket** + +This week IOU shares rocketed with news it had entered a merchant referral agreement with EasyStore Commerce. EasyStore services more than 7000 merchants across Southeast Asia. A recent article on The Market Herald has also highlighted that it is looking towards the soft launch of its BNPL service in February and March in Malaysia, with expansion into additional South East Asian markets to continue from there. + +**TLDR** + +Prior to the announcement of the acquisition of a Malaysian Money Lending Licence and the upcoming rollout of its BNPL service IOU had been trading in the $0.13-0.20 range. The announcement of BNPL services of course caused it to surge. But IOUpay is much more than just a BNPL company. It's providing a mobile banking service to a young, up and coming internet economy, in an underbanked environment with plenty of runway for economic growth. + +&#x200B; + +**Disclaimer**: I am not currently invested, I was intrigued by the surge in stock price and thought I would investigate. Would I invest right now after the recent stock surge? Probably, I'm a degenerate after all. But regardless I do think mid-to-long term IOUpay is one to watch. + +&#x200B; + +What are all my fellow autists and degenerates thinking? +I wanted to put up a discussion thread to talk to people on this theory. I'd come across it in my undergrad years and just recently re-visited the theory. + +Here's a Wikipedia link. The basic idea is this: "In the absence of taxes, bankruptcy costs, agency costs, and asymmetric information, and in an efficient market, the value of a firm is unaffected by how that firm is financed". + +And this: "Consider two firms which are identical except for their financial structures. The first (Firm U) is unlevered: that is, it is financed by equity only. The other (Firm L) is levered: it is financed partly by equity, and partly by debt. The Modigliani–Miller theorem states that the value of the two firms is the same." + +I work in Structured Credit where Asset-Backed Securities are issued, and my gut reaction is that if this theory were true - even including all the assumptions stated - a great deal of securitized products would not be issued. + +For background, there are broadly two reasons a securitization would be issued: If the issuer wants to get attractive non-recourse leverage on a pool of their assets (ie they retain the equity) or if they want to sell a portfolio of assets completely, and believe that the sum of proceeds from the debt and equity they sell would be greater than the proceeds from selling an unlevered asset pool (ie they sell the equity to a third party). This second reason flies in the face of Modigliani Miller. But issuers sell third-party equity all the time. + +~~It seems to me that what MM doesn't address is that debt investors and equity investors are disparate market segments, each with their own supply/demand dynamics. If there's a glut of capital chasing BBB opportunities they would push down the yields on BBB bonds. The same for AAA and the same for 10%+ yielding equity residuals. Given that there are all different market segments, it seems completely possible that the WACC of a company's funding structure would not be the same as the ROA. And, as far as I'm aware, all of that can happen in a market that is still efficient.~~ + +I understand that economic theories are usually highly abstracted, and often so general (or involving so many assumptions) that they don't directly point to the truth in economics, but only address partial truths. + +So I wanted to put it up to a discussion. What do you think are the merits of the theory? + +**Edit 11-28-2018:** Thanks to everyone who took an interest in the thread! I wanted to follow-up with a couple pieces of research for anyone interested. + +Two Papers: +https://pdfs.semanticscholar.org/956d/c4d5fbdf4f3e27a40aea61d257695f19eecf.pdf +http://homes.chass.utoronto.ca/~rwinter/papers/assetsecur.pdf + +A slide deck from NYU: +http://people.stern.nyu.edu/igiddy/ABS/abs-corpfinchoices.pdf +Pages 10-11 are the relevant ones here. + +A lot of what has been written regarding MM and Securitization focuses on why it makes sense to split assets out from your company and finance them off-balance sheet with a securitization. This is interesting but not what I was focused on, which was primarily, why would it make sense to securitize a pool and sell the whole stack instead of just selling the unlevered pool to a third party. In both of those cases you're getting the pool off-balance sheet by selling it. + +I think my point above about "disparate market segments" isn't the real answer. The NYU slide deck and the WashU Law paper above spend some time on the liquidity boost from securitization. I think this is much more compelling. It's much easier to sell out of a cusip than an asset pool, and because of this the asset pool is likely to carry an illiquidity yield premium. +Earnings per share: $1.06 adj. vs 63 cents expected, according to a Refinitiv survey of analysts + +Revenue: $21.82 billion vs $20.91 billion expected + +Disney+ total subscriptions: 129.8 million vs 125.75 million expected, according to StreetAccount + +It’s unclear what percent the House of Mouse will get from the latest Marvel Cinematic Universe film, as terms of the deal between the two studios has never been disclosed, but Disney is expected to get a piece of the film’s $1.77 billion global haul. + +Investors should expect Disney to double-down on theatrical releases for its major tentpole films going forward, which will reduce cannibalization of ticket sales from day and date streaming releases. +[https://www.propublica.org/article/chime](https://www.propublica.org/article/chime) + +Chime, a “neobank” serving about 12 million customers, has seen 920 complaints filed at the Consumer Financial Protection Bureau since April 15, 2020. People are finding their accounts suddenly closed for suspected fraud and their money inaccessible for months while they scramble to get it resolved. +What are my options for dealing with a tenant who moved out in the middle of the night, plugged all of the drains and left the water running, causing damage to the unit? Is it worth it to attempt legal action? +I am soon to receive a £500 thank you payment from work. What is the best investment for my £500? + +I am currently in-between step 4 and 5 of the flowchart. +For those that don't know me I run Australia's largest crypto channel. I've been advocated for crypto adoption in Australia since 2012. Today I woke up on Xmas to a strike warning from Youtube for harmful or dangerous content. Checked my email, nothing. A few hours later after Xmas lunch, another strike. I hadn't even done anything on Youtube since the first strike. Still no email. I cover a lot of topics related to finance, economics, housing market, stocks as well as crypto related content. We don't do paid ICO or token promotion. I have done tutorials on leverage trading platforms. I'm really not sure what to do. If the trend continues most crypto youtubers will be affected. I get there's plenty of bad guys out there, but there's plenty of good ones who have been big advocates for Bitcoin & crypto for years. Wish us luck...[https://twitter.com/AlexSaundersAU/status/1210100907909750784](https://twitter.com/AlexSaundersAU/status/1210100907909750784) +Edit: Yes I already post to & support decentralised platforms but the fact is users aren't there yet. +We have a considerable amount of a commodity in our possession that were originally purchased by a relative who no longer has Australian residency for tax purposes and never comes to Australia anymore. They have verbally told us we can sell it and treat it as a gift for tax purposes. Do the funds from the sale need to be transferred into their overseas account and then back to us or is there a simpler way forward? +Will these Chinese EV companies go up due to Joe Biden winning the election. With Biden having Chinese relations, promoting climate change and environmental justice. +Seriously we need to concentrate on AMC and GME these others stocks are hedge fund distraction pull your tendies from them and push the Reall stocks We are letting amc get beat down +BitGay is the first LGBTQ community token built on the Binance Smart Chain aimed at providing support to the LGBT community. This is why they have pledged to donate 25% of transaction profits to the various LGBT funds on a weekly basis. 🏳️‍🌈 + +They just donated $10,000 to LA LGBT Center, which they raised in just one week!!! (compared to Bingus, who only did $350) Come help the cause and make the world a better place. 💕 + +Huge rapper bbno$ (1 billion+ plays on youtube, 1M+ on instagram) joined their Telegram 10 minutes and bought a ton of BitGay. Check the likes for proof: [https://twitter.com/BitGayCrypto/status/1385250089912909827/likes](https://twitter.com/BitGayCrypto/status/1385250089912909827/likes) + +Info: + +• No pre-sale, fair launch + +• Only $1.3M marketcap + +• Weekly burns! 🔥 + +• CMC and Coingecko listing coming soon. + +• Liquidity Locked and Burnt 🔓 + +Lock proof: [https://dxsale.app/app/pages/dxlockview?id=0&add=0x6D8c7feBDc4ab670b62346D9c0407F4e637bF195&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x6D8c7feBDc4ab670b62346D9c0407F4e637bF195&type=lplock&chain=BSC) + +Burn proof: [https://bscscan.com/token/0x6f84ec1cc27323023699f201ae80dc6dd3c206e4?a=0x000000000000000000000000000000000000dead](https://bscscan.com/token/0x6f84ec1cc27323023699f201ae80dc6dd3c206e4?a=0x000000000000000000000000000000000000dead) + +A revolutionary coin for those in need, backed by decentralization. + +📱 TELEGRAM > [https://t.me/bitgay](https://t.me/bitgay) + +🌎 WEBSITE > [https://bitgay.org](https://bitgay.org/) + +🐤 TWITTER > [https://twitter.com/BitGayCrypto](https://twitter.com/BitGayCrypto) + +🛒 PancakeSwap > [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x98fc5B3a39D712Fa5a826Df4F9c47Bb6c0F6F8a9](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x98fc5B3a39D712Fa5a826Df4F9c47Bb6c0F6F8a9) + +📝 BscScan > [https://bscscan.com/token/0x98fc5b3a39d712fa5a826df4f9c47bb6c0f6f8a9](https://bscscan.com/token/0x98fc5b3a39d712fa5a826df4f9c47bb6c0f6f8a9) + +📈 CHART> [https://poocoin.app/tokens/0x98fc5b3a39d712fa5a826df4f9c47bb6c0f6f8a9](https://poocoin.app/tokens/0x98fc5b3a39d712fa5a826df4f9c47bb6c0f6f8a9) +So my fiancee and I are moving at the end of the month. I spent the majority of my day off today getting utilities set up and our gas/electric company (we only have 1 option out here) said we would need a $250 deposit to set up service at the new address. This seemed..like a lot to me, as current customers with no history of missed or late payments, I had no idea why this was. The lady on the phone said it was because of my credit score which seemed...odd. I was angry, but I didn't yell, I took a deep breath and said thank you and hung up. + +I called back after lunch and spoke to a manager, I was calm and collected and explained everything, she looked up my account and confirmed I had over 2 years of solid, on time payments and there should be no issue, except we were moving from an apartment to a house so the first person I spoke to was setting it up as a new account, this requiring a credit check, thus the deposit required. The manager waived the fee, and made sure our account was transferred over so our good payment history would also carry. She thanked me for my time and asked me to have a good day. + +I know from my time in customer service I'm always willing to help out when someone is calm and friendly as opposed to yelling and screaming at me, so I took my own advice here. $250 was an obscene amount of money for us, but because I took the time to call back, be friendly, and speak to a manager, we got it cleared up. + +Never be afraid to ask, the worst they can say is no. +Tonight on a family vacation, sharing talks about life, work, balance and the future with my Mom, my husband suggested I tell her about FIRE. I briefly explained fire and how with some hard work and smart investment moves I could retire at 45 or sooner. I explained the concept of working and saving hard in my 20s and 30s should allow me to retire early etc. Mom thought it was a great idea but had tears in her eyes saying, "I'm so proud of you, but here I am at 60, still trying to figure it out." :( + +That made me so sad and now I'm feeling so guilty. By sharing the concept of fire, by no means did I want someone else to feel bad. I went on to profess my sincere pride in her and her successes in life as well. She was a single mother of four, worked hard, went through hardships and doesn't really have much of a retirement but is living a good life now partly because of a partner she met recently. + +Has this sort of guilt ever happened to anyone else? How did you handle it? I don't really talk about finances with anyone, especially fire but it seemed like an okay time to mention it. I didn't get into specifics but I feel so bad. My heart sunk. + +What to do in a situation like this? + + +[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!* +Hello - Title: + +After reading 9 books on day trading, technical analysis, ect.... and then subsequently doing the exact opposite of what I learned due to falling prey to FOMO and every other cognitive bias, emotional response, et al, I have learned that I literally don't have (or want) the stomach for day trading. I + +What are the best algo options available in your experience? Specifically, what are the available/reliable programs and API? I've researched via google, investopedia, but I'm more interested in what you, the folks who are smarter than me, have as far as experience and recommendations. Essentially, please explain my best options in finding and using Algo as a private retail investor as my goal is to take the human (me) out of the trade equation. + +Also, any book/ educational recommendations would be appreciated. I'm working on [brilliant.org](https://brilliant.org) / Khaaaaaan academy doing all the statistics/computer science my brain can handle daily. What else can would you recommend. Lastly, would it be easier/cheaper/better value to hire a quant to help me build my own algo? Thanks so much and please accept my deepest appreciation for both taking the time to read and giving the thought to answer. \*Edit - missed spelling mistakes +Looking to obtain historical options data for backtesting/algo trade development. I seem to constantly hit roadblocks in terms of obtaining historical options data (preferably with metrics such as IV, greeks, bid/ask, etc). Seems strange to me that we have thousands of pirated copies of films/video games/music but no complete options data (which is public)? Surely this must exist somewhere out there? I'm willing to pay as well, but it has to be reasonable (not $5k for 3 months data as I was just previously quoted). Any leads on anything like this? It seems this pretty ubiquitously available and sought after data should have no legal restrictions for sharing and yet it seems like the only way to access decent data is by paying $100k for a Bloomberg terminal? Like wtf? Surely this must have been shared at some point in time? Don't feel we should have to go to the ends of the Earth to find this. +In December 2021 I started developing my own trading algo. Just for the people who are thinking about it - this is my journey. Not necessarily the best way. My algo is dependent on fills of passive orders. + +1. I thought about a strategy which could work. It’s in the real stock market (not crypto). With Jupyter I started exploring the possibility of a successful algo. Because of the nature of my strategy, backtesting wasn’t a feasible option. So started with small money in Jupyter, programmed in Python. And it worked! For every trade I received an email from my broker. To keep track of the algo, I used a lot of graphs to plot the progress real-time. +2. Keeping my laptop open all day was good for a few weeks, but it was time for something better. So bought a virtual personal server (vps). For $6 a month it was worth the money. I suppressed broker emails, and received hourly summary mails with trading activity. +3. I copied all Jupyter files to regular Python scripts, and started it on the VPS. It was a small disaster: a typo created an evil loop. And didn’t know my way around in Ubuntu, so i quickly lost a few hundred bucks before I could terminate the script. +4. in TMUX I created a screen where I could watch in real time how the market was doing and how my strategy behaved. Able to spot a lot of small errors and things to improve. +5. With Telegram I wrote a small bot, which reports how the algo is doing. Trades, profit, risk parameters. Can pause and restart the algo with a simple command in Telegram. Stopped with the TMUX, and rely on cronjobs to start the algo. +6. Currently, I make around 0,25% profit per day (with €50k). Unfortunately, I can’t increase the size as it would distort the market. And because it’s a very niche product, if this market goes quiet it’ll be the end of the strategy. But so far, all is fine. + +TLDR: developed algo with less visual information each step + +(edit: forgot about the Telegram part) +Given the downturn in the stock markets, have people been investing in ETFs more, less, or around the same amount as last year? + +Asking as I'm investing around the same amount as last year. Kind of depressing though since the money has only seemed to be disappearing due to the downturn.... +[**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/) + +>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! + +**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) + +**​**[**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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +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 help with user flairs +Maybe it's just me, but I feel like people that don't understand what's going on with $GME are automatically inclined to disregard our discussions because it is considered a "meme". Let's be very clear, GameStop as a company and a market investment is NOT a meme! While it happens to have been heavily discussed on a meme-rich social network, and it is very easy to make memes related to the stock, it is very far from being one at its core. + +GameStop has been around since 1984 which is longer than I have even been alive. It has endured numerous economic recessions, and seen it's way through many generations of gamers where the general populace would often call video games a "fad" or "dying market". The company has been successful as a brick and mortar institution for decades and expanded to a global presence. Granted the company has been far from perfect, and certainly still has a good deal of changes to make, but it has a loyal base ready to fight for its success. Looking to the future, its current leadership is poised to put the company in a dominant position of e-commerce, e-sports, and a reimagined brick and mortar presence that supplements its online retail operation instead of carrying it. This company has the potential to be a major market player to rival Amazon, eBay and possibly even WalMart. The sooner people start to understand that this isn't a fucking joke, the sooner they'll realize that corruption on Wall Street nearly deleted one of the future corporate giants that will reshape an entire industry. They will see that no business is safe from this threat until policies are rewritten to close loopholes and firmly punish fraudulent and predatory trading practices. A meme implies something is intended to be humorous and to be shared light heartedly. I'm not fucking laughing. I'm angry. I'm going to park my ass on these shares and hold until RC and team have the power to bring their dreams to fruition and then I will take the fraudsters for every dollar they have. This is war, and when the war is over I will join the ranks of $GME holders to defend the company from future threats and share in the spoils of victory. + +TLDR; if you want to call something a "meme stock" then go play with Doge. GameStop isn't funny. It's fucking serious. + + +Edit: thank you so much for the awards apes. This was just a rant, your awards are too much. +I think that to get where you want to be (financially/career wise/physically) you need a significant amount of planning and some luck. However a couple people I know argue that long term planing is unnecessary since life is so unpredictable (ex. you may not get the job that’s part of your plan). + +How many of you are where you are financially/career wise because of specific long term plans you made? How precise were your plans? How far did you deviate from them? + +Alternatively, if you didn’t have a specific plan to achieve fatFIRE, how did you get where you are right now? +My wife’s godson is about to enter college. He is split between going to the flagship state school or the local directional state school. He is a good kid, reasonable bright, and looking at majors with a positive payoff. I think he would benefit from being away from home and would like to help him out with school costs (probably around 10k/year). His parents are solid middle class people and school costs will be a stretch for them. I am worried about souring relationships, hurting the parents pride, and we have a big family and I can do this for one kid but not all 20+ nieces and nephews. + +Can anyone chime in with examples of similar situations that worked out well or fell flat? + +Thanks! +[Link to an interesting time article](http://time.com/money/4584900/ages-people-retire-probably-too-young-early-retirement/?xid=tcoshare) + +I actually thought it would be higher than that. 1% does seem low. + +Retirees draw $1.3T in income, 42% is from Social Security, 30% is from "traditional retirement plans and pensions". I wish they mentioned how much of that 30% is pensions. We can only guess that over 80% of current retirees income comes from pensions or Social Security. + +I wonder how many FIREs plan to pull from SS or pensions? +29Male here. Throwaway account for obvious reasons. Long time lurker. Just wanted to share my story with the group. Not a Tech Bro, or Bitcoin windfall, but have had a number of things go my way in terms of career progression/college. Feel free to ask on additional details if desired. + +Graduated in 2014. Decent GPA but science degree didn't yield many options/marketability in terms of job opportunities, like many I took a job I was completely overqualified for to get started. + +2014: First job Pay rate $12 per hour, annual comp (25K). During this time I was promoted 4 times in the first 13 Months. the first was after 2 Months, then again at 4, then at 7.5 then at 13. Definately wasnt happy/thrilled with where I started but kept pushing/learning/growing and this translated into strong career progression. Pay progression shown below: + +$12-15-18-21 (per hour) + +2015: 21 per hour annual \~49,000 + +2016: Wanted additional marketability and "job purpose/meaning" so applied to Master programs, got accepted. Then targeted a Job search around new employers that were known to have generous tuition reimbursement. Got a job offer for 55K base (60k total comp) with additional 10k per year tuition reimbursement. + +2017: Promotion. Offer was for 61K base, countered respectfully referencing data, offer was raised after management discussed with HR to 65K base (71K total comp) + +2018: Complete Masters degree. Promotion/job change to 71K base 78K total Comp. Company paid for 30K of 42K in masters degree cost. + +2019: Compensation was below data for role, respectfully asked for raise, was granted, increased to 78K base, 85K total comp. 4 months later someone in the elevated project role above me in the company left on a key program that I was on, this meant I was the sole/lead contact on this major program, Company promoted me into the role the person left on. Salary 81K total comp 89K. + +2020: Was not searching for a different job, was very happy with career progression, but was receiving headhunter messages on bout a bi-weekly or monthly basis. Participated in these for the interview experience. One of these ended up with very generous package (140K base and 190K total possible total Comp.) would have been a significant risk for me and total comp was not guaranteed, would have likely had lifestyle impact (negative). Accepted offer initially, but current company offered a counter, which I accepted. + +Countered salary (same company) 100k base 126K total Comp. + +2021: Promotion. 117K base, 147 total comp. + +During the period of time in question, lived pretty frugally, but not like a hermit. Ive had roommates almost the entire period of time in question. Along the way, I got married and my wife added 80k to our networth at the time. She is not currently working. We do not yet have kids. + +I always prioritized saving and investing first even when making 12 dollars an hour, but aside from keeping expenses low soo savings rate was high, I also kept pushing to drive more value for the organization and make sure these efforts were visible to the right people at the time. This has resulting in high savings rate \~80%, but also increasing income led to higher real dollars saved. I also self studied on investments and finanical independence (google,books and reddit,ect), and thats been a evolution/journey as Ive built to current knowledge/practices. From the begining I paid myself first, but a large shovel helps in the growth rate. The market returns are also an obvious benefit/luck. Ive also put in a lot of effort in terms of work hours, and also going to school while working. These efforts translated into the career growth. When I was promoted I would usually funnel most of the increase into savings and investments, but recently have allowed ourselves a little bit more flexibility on spending, I don't look as closely when grocery shopping anymore, and we enjoy good food/alcohol. I expect as the balance continues to grow we will continue to expand spending as we like nice things, but chose to go without during our 20's for most of our wants. + +We have seen an increase in the value of our home compared to when we bought it (\~130k). Part of this is due to the obvious current market explosion, and another portion is due to a lot of sweat equity in some major home improvements. the below networth progression was a bit slower in some periods to reflect Master degree costs and paying off car (car value not included in networth calculation). Clearly, biggest takeaway to me reflecting on this is that the earlier periods of time progress was slow, especially compared to now. My excel model told me this would be the case, but looking back its still striking just how different the pace is. My current excel model shows the acceleration will continue as networth increases and once wife is back to work in the next year or two. I expect to save/invest around 85k this year, with the remaining increase in networth coming from investment returns. I think this time next year we likely wont have crossed millionaire status, but will be around 900k, assuming a normal/average market year and not a market tanking year. Once my wife is working, we will likely increase our spending rate, but Im expecting we will be saving/investing over 100K once she is working again, atleast thats what I have in my model. I have an excel model/forcast where I have it showing my entire life in years (forcasting net worth) Ive used this file to play around with different scenarios to detemrine likely outcome spread in terms of networth with the various inputs. + +Networth over time (all are from mid year august): + +2014: 4,000 + +2015: 31,000- Investments, + +2016: 43,000- Investments, bought car, aggressive payments + +2017: 60,000- Investments/savings, paying off car, masters degree costs + +2018: 97,000- Investments/savings Masters degree costs + +2019: 375,000 (continued investments and joining of Wifes \~80K net worth). Bought house. + +2020: 467,000- additional savings/Investments. Home appreciation, investment returns. + +2021: 780,000.- additional savings/Investments. Home appreciation, investment returns. + +Just wanted to share, this group has been very inspiring to read/follow over the years, I've followed the sub almost my entire working journey, so just wanted to thank everyone for the good posts over the years and the inspiration to raise the bar on my financial goals. For those of you just starting out, look for all the ways to keep expenses low as possible, save/invest as much as you can, and look for ways to grow income, you will get to where you want to be with the right plan/mindset. +Terms I dont really fully grasp. + +"backed by" +"bonds" +"inflation" +"gold standard" +"futures" +"dow jones" +"s and p" +"hedge fund" + +and how the value of a dollar can be changed one minute to the next. + +My company is requiring me to apply for a corporate credit card because I spend more than $X on travel each year. However, the credit card will be in my name and it is my responsibility to pay off the card. Is this normal/legal? + +As of now I just pay for everything I need for travel with a personal CC and then get reimbursed. This new credit card that they are requiring me to get will act no differently than that except that because it's linked to their reimbursement system the expenses will auto-populate. But I am still the one that has to pay off the card, or if I don't, it's still my credit that would get hurt. I don't feel like this is normal or that they can make me do this. Plus I don't want to since my current CC get's really good points. + +Are they allowed to make me do this? And is it normal? Thanks! +I made 120k a year as a department director who was hired to build a process and team to address specific business needs. All of which I have achieved and surpassed expectations. I asked why I was being let go and they told me that when I was hired they thought they had a need and now they don’t have that need. I’m devastated. I just got pre-approval on a mortgage to buy a home. I currently lease a house in this town that I moved to for the job. + +-I have no savings beyond 2-3kin 401k + +-severance would be 60k + +-rent is 2950 a month + +-car is 490 a month + +-I have a chase sapphire preferred card with 8,600 limit, and I’ve historically never carried a balance on. + +-a discover card with 1,800 limit and no balance + +-a crappy Citi bank card 200 limit, crappy open sky with 500 limit, no balance on either + +-I have good credit, 712 vantage scores and 688 fico 2 for mortgage + +I assume I will get unemployment. But when and will I be eligible with a severance? + +I have opted in on the personal disability insurance coverage, so I could possibly submits a claim on that to help float me (anxiety/distress). + +I won’t have health coverage. + +I have a son who is 13, I’m the sole provider/ parent. We get 2k (not taxable) a month from social security survivor benefits. + +What do I do? What is my game plan? Am I fucked for buying a house once I am employed again? + +This just happened. I’m looking for advice and need a plan to get through this with minimal damage if possible. +Didn't saw this posted here, it's always good to see the plot thickens suffers! Every month only gets worse. + +\- + +# Melvin Capital down 23.3% year to date as founder considers winding down fund + +Embattled hedge fund Melvin Capital reported another down month — just weeks after founder Gabe Plotkin said he was considering winding down the fund. + +Melvin — still [struggling to recover](https://nypost.com/2021/01/31/melvin-capital-lost-53-percent-due-to-gamestop-but-got-aid/) after a massive short squeeze on meme stock GameStop [crushed his fund](https://nypost.com/2021/01/25/this-short-seller-just-got-a-2-75-billion-bailout/) in January 2021 — lost another 3.3% in April, taking the fund’s year to date drop to 23.3%, according to a letter to investors reviewed by The Post. + +The most recent report comes less than two weeks after Plotkin suggested he would return investors their capital at the end of June and then allow them to reinvest in the beginning of July. + +At the time, Plotkin — who famously got slammed by “meme stock” investors on Reddit last year who had targeted his fund for being a prominent short seller — said he wouldn’t try and make investors whole. + +Instead, he’d demand performance fees of potential clients, including those who previously lost money with him. According to reports, Plotkin said he would keep the new fund small — under $5 billion and focus on shorting stocks. + +“Melvin’s CEO who made $800 million in 2020 lost me even more money in April and wants to make himself more fees?” one investor fumed. “Shameful, disgusting, horrible behavior.” + +[As first reported by The Post,](https://nypost.com/2022/04/24/melvin-capitals-gabe-plotkin-apologizes-for-losses-to-investors-who-want-their-money-back/) Plotkin told investors in a dramatic about face that he would delay his decision to shut down the fund. + +Melvin was[ down 21% in the first quarter, ](https://nypost.com/2022/02/15/top-15-hedge-fund-managers-raked-in-15-8-billion-last-year/)but investors told The Post they were hopeful Plotkin — who was once a protégé of hedge fund titan Steve Cohen — would turn it around. The email to investors that Plotkin’s most recent bets pushed the hedge fund even deeper into the whole was met with anger. + +“These people suck,” the investor said, slamming Melvin. + +Plotkin said after speaking with investors he realized his suggestion to shut down Melvin was “tone deaf.”  + +“I am sorry. I got this one wrong. I made a mistake. I apologize,” wrote the hedge-fund mogul. + +But his lifestyle appears to be unaffected by his recent losses — he is still holding onto the beachfront home he bought in 2020. + +“Plotkin should sell his $44 million Miami Beach home after losing all of us so much money… rather than charging us more fees,” the investor fumed. + +sauce: [https://nypost.com/2022/05/02/melvin-capital-down-23-3-year-to-date-as-founder-looks-to-shut-down-fund/](https://nypost.com/2022/05/02/melvin-capital-down-23-3-year-to-date-as-founder-looks-to-shut-down-fund/) +I mentioned about my families shitty investment firm before here.. So we finally decided to get courage at fire them for severely under performing for the past 6 years. + +What left then was EVERY single salesman from there to call us all day today telling us we are making the very worst decision ever that I am an idiot. That it's such a horrible decision it better keep us up at night. Yelling at us over the phone. Calling non stop till we answer if we hang up they call us right back. So I had to unplug the phone line till 5 pm. I also ended up filing a complaint with Finra. But they guy who answered at Finra didn't sound very encouraging.. + +Like really.. is this how investment firms normally act? Or just the one we had? Literally trying to scare us to go back to them. It's like a crazy bad ex.. This should be against some laws.. But I doubt it is..I'm actually kinda fearful right now..People have killed others when there was less money on the line.. +Over the last month I've been interviewing with large U.S based company. After negotiating with the recruiter via email, we aligned on a base salary. I was told I would be receiving an official offer letter for me to sign to finalize things. + +After receiving the formal offer letter, I noticed they have the base salary listed $10K higher than the verbal amount agreed to. Obviously this is in my interest/benefit - but I can only imagine the fallout that will occur from me signing. + +Any advice on how best to proceed? Should I use their error as leverage to re-negotiate, blindly accept it and let them sort it out, or just be honest and have them revise to the originally agreed to amount? + +My state/contract has at-will employment listed if it matters. + +Update: I signed and returned the offer letter, thanking them for the increased compensation (nothing fancy or specific, just straight to the point). I sincerely appreciate all the advice (and for my first Reddit award). I’ll update again if there’s any further changes, but for now I’m excited to begin in new position. + +Update #2: Shortly after signing they came back with a revised offer letter for my originally agreed to amount - profusely apologizing :( +So what are some great tips to beginners on how to start and make a good dividend portfolio? What are some of your favorite stocks that have dividends? How did you build your own dividend? And how long did it take to make a decent profit every month? +Let me start off by saying that yes I know this is the stupidest thing I could have done but I’ll learn from this. In January of 2021 I went out with my dad and financed a 2010 Dodge Challenger srt8 at 699 a month 26% interest, the loan is under his name but I am the one who is maintaining the car and making the monthly payments. My question is what do I do to quickly pay off the car as soon as possible because I currently make 3650 a month and 699 goes toward the loan, 200 towards groceries, 105 towards insurance, 76 towards phone bill and about 150 a month towards gas. That leaves me with around 2420 a month ,should I make extra payments towards the principal or save up 20k which I can do in about 9 months to do a full payoff. I don’t think refinancing is a choice right now as my dads credit score is not so good and I’m currently 6 months into building my credit score and I have been making all of my credit card payments on time and have been keeping the utilization below 30%. +All these posts of the dividend shares being removed and disappearing, I think it's quiet simple. + +Those investors were never given shares in the first place, the brokers, like robin hood did during the first major run, only gave investors IOUs. + +Now there is an absolute mess to find more dividend shares than can possibly exist. The float was already sold and held long long ago. The brokers never bought the shares in the first place and, like robin hood, are in deep shit on their balance sheets trying to hide the fact that thousands of investors were never actually given shares. + +This dividend has exposed yet again how 'infinite liquidity ' for the good🤭 of investors is perhaps the biggest scam in history. + +I wonder how many other stocks are sold using IOUs by market makers and brokers with the hope their clients sell lower than they bought IOUs for. I think this is exposing the whole world markets for the scam they are. +Hey guys I’m in commercial real estate/hotels. And I always keep a very large amount of liquidity just in case some new deal arises that I need to close rather quickly. Sometimes in even 15 days. Often in 30. + +Where do you guys keep your cash position? I use a local bank right now but really not earning much on it. I was thinking of maybe using Ally or a similar type online high yield savings account. Only concern it’s 7 figures, not sure if it’s wise to use an online bank with that amount. + +Any thoughts/suggestions would greatly appreciated! Thanks! +Look at every post on WSB that has a ton of upvotes and awards. Always about "AMC Hodl" or "BB to the moon". And then look at the poster. Always less than six months old, always posting or commenting in just WSB or AMC or BB subreddits (sometimes a red herring first post or comment in a random subreddit). Not even a whisper about GME. + +That's all the confirmation bias this ape needs for Monday. I'm not leaving until the hedgies are bled dry. + +Edit: if you bought AMC, awesome. If you bought BB, that's cool too. Hope the rocket takes off for you guys, definitely cheering for you. But every penny I've got is going into and staying in GME. + +Edit 2: holy shit apes. It's simple. Don't sell meme stock A to buy meme stock B. Just hold. And if you want to put more money into meme stocks, I personally think GME is the only play. But you shouldn't sell others like BB or AMC to buy GME. Just hold steady. It's coming. +Hey fellas, + + +Quite new to the game, therefore I have a bunch of questions. +Planning to get into the market and from some research already done, DEGIRO sounds like a solid option. + +This is...If I were to operate with an account on my home country(EU). However, living in German due to tax declaration and so...I'm not so sure about it anymore. +This might be quite a stupid question but, I MUST create a degiro account in Germany since I do pay my taxes here, right? The whole website and app being available only in German, which I am still far to dominate, are also quite frustrating. + + +I am already aware of the 25%tax on capital gains (801€ free of tax). Would this be the only taxes applied? The tax on capital gains on my home country are slighty higher(28%). + + +Taking into account that the NYSE market is the most appealing to me, what else should I take into account? + + +Any other suggestion or alternatives to DEGIRO, specialy due to the fact of being on German ground? + + +Danke! +Hi, + +I have started investing in REIT focused on the European region. I see that yield (dividend) is okay and in long-term (hopefully) fund price may rise. The advantage I get is a low capital entry, DCA, no headache from the management of the real estate, risk aversion. + +Question: how do you compare buying real estate to REIT? let's say you have 500k EUR in savings for investment, why not buy REIT instead of buy a house and lease it? +I plan to build my (long-term) portfolio with 75% market weighted ETFs, the rest 25% will be split into factor ETFs to introduce a diversifying tilt. I am normally relying on the MSCI indices. +But I am not sure which factors really provide a scientifically proven benefit. + +My opinion: + +1) Value: Proven (e.g. Fama -French) + +2) Size: Proven (e.g. Fama-French) + +3) Momentum: Proven in data (but not well explained), hard to implement cost efficient + +4) Quality: No idea, but profitability seems to be an indicator. But no good explanations. + +5) Dividend Yield: No reason just en vogue (people like dividends), excess return can be explained by greater exposure to value. + +6) Low Volatility: Just a “wrapper” for value (there is a good video from Ben Felix) + +Extra question: What do you think about sector neutral factor ETFs for Quality there is only a sector neutral available and I am not sold on the idea. +Hey fellas, + + +Quite new to the game, therefore I have a bunch of questions. +Planning to get into the market and from some research already done, DEGIRO sounds like a solid option. + +This is...If I were to operate with an account on my home country(EU). However, living in German due to tax declaration and so...I'm not so sure about it anymore. +This might be quite a stupid question but, I MUST create a degiro account in Germany since I do pay my taxes here, right? The whole website and app being available only in German, which I am still far to dominate, are also quite frustrating. + + +I am already aware of the 25%tax on capital gains (801€ free of tax). Would this be the only taxes applied? The tax on capital gains on my home country are slighty higher(28%). + + +Taking into account that the NYSE market is the most appealing to me, what else should I take into account? + + +Any other suggestion or alternatives to DEGIRO, specialy due to the fact of being on German ground? + + +Danke! +I have read on many posts here in this sub and other forums that one should not rely too much on the US market and investors ought to diversify. For example, IWDA plus EMIM index funds are cherished over CSPX or CNDX for that very reason. I also understand that the previous performance is not a guarantee of future returns. But scientifically speaking for a "black box" chaotic phenomena like the stock market we have no better indicator of the future than the previous performance. Do we? + +So looking at the past 5 years US indexes have been doing great: + +- DOW: +31.43% +- S&P 500: +34.44% +- NASDAQ: +73.63% + +meanwhile, EU indexes have been nothing but pure loss: + +- FTSE 100: -17.64% +- CAC 40: -13.85% +- DAX: -9.92% + +and Asia indexes have been even worse: + +- NIKKEI: +0.45% +- HANG SENG: -16.04% +- SHANGHAI: -35.61% + + +So my questions are: + +- Howcome US indexes have been doing much better than the rest of the world during the last 5 years? +- What makes the US market so resilient that even when the world is chocking on the Corona fall out, some of the US index funds are still profitable?! +- What indicators are there to hint that the EU and Asian indexes by any chance can do better than or even close to the US ones in the future? What are the extreme case scenarios to turn the table for the US market in favor of other markets? + +Thanks for your support in advance. +So, my monthly expenses are more or less as follow: + - 684€/m rent + - 60€/m insurance+internet+phone+electricity + - 75€/m transportation + - 700€/m living+going out + + +For a total of around 1600€/m. Sometimes I end up even going over budget, but usually the remaining ~250€ just rest in my bank account. So I am looking for a better way to save money and maybe invest them. Also, if any of you lived in Paris, do I spend too much? +Can you guys suggest ways to make a small side income of about €100 to €200 a month? Cannot ask my boss for a raise (have already been reduced to Kurzarbeit). +I do not want to do anything illegal though +Hello guys, I'm currently 25 years old.I gratuated recently at just started working full time. My wage is the average wage in my country. I have a savings of 10k approximately all in stocks. I live with my parents and each month i invest 50% of my income which 500eur. By the end of the year I will have around 17-18k in stocks. My idea is to use my money in stocks as a leverage to take out a mortgage of 26k to buy 3 hectares of land. Each hectares us around 8k and if you grow there wheat it will bring on average 300-350eur. What do you think about this idea? I was counting my my overall asset + debt ratio would be approx 1:1 which i think is not bad and would allow me to grow my wealth. +I live in Italy and i was used to use Toshl as budgeting app, unfortunately after my bank (Fineco) complied to PSD2 it stopped syncing with it. + +Initially, i thought it was a failure of the app so i tried others like Yolt, Wallet by budgetbankers and more, and none of them never worked. + +It looks like the bank did a poor job implementing PSD2, but i have also another app used for a different purpose (Oval money), and it works flawlessly, so i'm not sure if the problem is actually the bank. + +Has anyone got any budgeting app actually working out there? +Hello everyone! + +First I have to confess that I'm a noob in what concerns finances. I currently have a bank account with almost no interest rate. Basically what I put there is what I have and there's no growth whatsoever. Until 30 yo I don't pay any commission but I'm almost there and would like to know (and explain why, if possible) if there is a good deal out there that allows me to safely save more money than I'm currently doing via saving accounts. + +PD: My plan is to have two at the same time. Put the minimum required in the new saving account and then put a fixed amount every month in that new account to stimulate interest growth. Does this make sense? +The recent news shows EU leaders expressing the desire to become independent from Russian oil imports the next years. I was expecting that this will make ETFs like L&G Clean Energy to explode, but it doesn't seem so. Why is that? + +Furthermore, would you say it would be a good idea to invest or it is this sector already priced in? +Hi! My parents (54M/F) are in Italy and have no idea about their financial future. They still have a mortgage (7 more years) and do have some savings under the bed. I would like them to at least invest those under-the-bed money with a 10 years horizon in low risk financial products to improve their retirement income. Any advice?I would very much appreciate it!! + +EDIT: I don't want to invest their money. THEY want to improve their financial literacy. I don't live in Europe. +Received a payment from a EU27 account (in EUR), the funds were sent to a Euro-denominated account in the UK and somehow the funds arrived were substantially lower than the original amount, which the banks stated was due to funds being converted into GBP and back into EUR. + +Each bank is blaming the other. Does anyone have any experience with this? The UK is a SEPA member, even post-brexit. +Story: Went to eat Monday night at Applebees, bill was $26.92. I left a $5.00 tip, total was $31.92, paid using my credit card. Fast forward to yesterday after checking my account and the posted amount was $34.92 and Im like no way. I call the restraunt and speak to a manager. I tell them must be a mistake. They pull my ticket and it looks obvious as hell. I also call corporate and call my credit card and disputed the $3.00 extra. Unfortunately I was not the only one she did this to it seems but I was the first to raise the flag. I was compensated with a free meal a free alcoholic beverage of my choice from the menu. So moral to this post, dont always assume that everyones honest and keep your copy of the receipt until the bill has posted and dont pay a tip with a CC anymore, only cash and write in No tip on the tip line. I will still pay my meals with a CC for the rewards. I was able to snap a picture of what the server did to my receipt. http://m.imgur.com/ddMiABo +As a side gig, me and two others are running a small real estate investing company. We have 15 flats under management, all of which we bought to let. + +Now we are looking to build a ten-flat house. We have hired / asked an architect and an engineer to put together the materials for the request, and would do this as a turnkey contract (sign and build, expecting to have a finished house a year later). This is the first time for any of us. What do we need to know? What are the biggest mistakes people make? + +Any advice or stories from your own experiences would be much, much appreciated. + + ++ First time developing a house on our own. I am 23 years old ++ Have been doing the letting for 6 years, and that part goes well ++ Good knowledge and track record of managing finances / funding / accounting +Edit: + This is in Northern Europe, so overall pretty extensive requirements for the builder and a decent amount of protection for the buyer (us) +I’m new to this. Own a home in California. It’s rented out for the year at $15k a month. Mortgage payments for us are closer to $9k. + +Eventually I could sell this property and maybe have $1m to re-invest but I’m not that confident yet. + +We are moving to South Florida and have $100k saved up to buy/invest. Down payment for a mortgage. We could say we will reside there as primary residence. But we already have somewhere else to live. So this is an investment/rental. + +The dilemma is where in South Florida? +SFH? +MFH? +Apartment building? + +Again. So new to this and not looking to crush deals but get started with a second property. But I could buy two cheaper homes or one nicer home? + +Some south Florida homes that are $500k were sold for twice that in 2008. That’s insane. + +Been reading this thread for weeks. My first post here. I know it’s a common question, but where do I go from here? + +Any advice is appreciated. +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, yesterday's SEC release is quite the boost for this movement. There is so much confirmation of what we've known all along. Sure, there are some aspects of the report that could have confirmed our biases *harder*, but this is a great first step. + +The short interest exceeded the entire float. The shorts did not cover during the Sneeze. Retail orders rarely reach the lit exchanges. The hard data backing these fundamental ideals of this movement is glorious. I cannot wait to see where we go from here. + +Obviously last week's exuberance in GME has continued into this week, reaching close to $190 in the US markets. For some reason the German exchanges have been a bit less gleeful recently... will we break that trend today? + +Today is Tuesday, October 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: **$184.30 / 158,82 €** *(volume: 2176)* +- 🟥 115 minutes in: $184.94 / 159,38 € *(volume: 1986)* +- 🟩 110 minutes in: $185.66 / 160,00 € *(volume: 1968)* +- ⬜ 105 minutes in: $185.20 / 159,60 € *(volume: 1943)* +- 🟩 100 minutes in: $185.20 / 159,60 € *(volume: 1847)* +- 🟥 95 minutes in: $185.11 / 159,53 € *(volume: 1825)* +- 🟥 90 minutes in: $185.33 / 159,71 € *(volume: 1605)* +- 🟩 85 minutes in: $185.62 / 159,96 € *(volume: 1561)* +- 🟥 80 minutes in: $185.34 / 159,73 € *(volume: 1474)* +- 🟩 75 minutes in: $187.16 / 161,29 € *(volume: 1269)* +- 🟥 70 minutes in: $185.91 / 160,21 € *(volume: 1035)* +- 🟥 65 minutes in: $186.00 / 160,29 € *(volume: 1028)* +- 🟥 60 minutes in: $186.20 / 160,46 € *(volume: 993)* +- 🟩 55 minutes in: $186.23 / 160,49 € *(volume: 963)* +- 🟩 50 minutes in: $186.22 / 160,47 € *(volume: 936)* +- ⬜ 45 minutes in: $186.00 / 160,29 € *(volume: 933)* +- 🟥 40 minutes in: $186.00 / 160,29 € *(volume: 893)* +- 🟩 35 minutes in: $186.17 / 160,44 € *(volume: 882)* +- 🟩 30 minutes in: $186.06 / 160,34 € *(volume: 771)* +- 🟥 25 minutes in: $186.03 / 160,31 € *(volume: 715)* +- 🟩 20 minutes in: $186.40 / 160,64 € *(volume: 601)* +- 🟩 15 minutes in: $186.37 / 160,61 € *(volume: 380)* +- 🟥 10 minutes in: $186.33 / 160,57 € *(volume: 367)* +- 🟩 5 minutes in: $186.45 / 160,68 € *(volume: 330)* +- 🟥 0 minutes in: $185.93 / 160,22 € *(volume: 131)* +- 🟩 US close price: $186.02 / 160,31 € *($186.94 / 161,10 € 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 1.1604. 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! +Hi everyone, + +&#x200B; + +I basically follow the 1 DTE strategy (sell put spread for the next day) as the below link. e.g., sell Tuesday 5% delta SPX put on Monday. + +[https://wealthyoption.com/](https://wealthyoption.com/) + +&#x200B; + +on 9/12, when the SPX was at 4110, I sold the following put spread with no stop loss + +\-------------------------------------------------------------- + +sell to open SPX 3965 (around only 3 delta) + +buy to open SPX 3865 + +\-------------------------------------------------------------- + +&#x200B; + +on 9/13, the SPX crashed and closed at 3932!! Despite I had a very low delta, totally I still lost (3923-3965)\*100=3,300 for each contract (and unfortunately I sold lots of contracts... I am really really sad and kinda want to quit...) + +&#x200B; + +I didn't roll over the spread at the moment since if the SPX continues to crash on the next day, my loss could double down. + +&#x200B; + +So my questions are: + +(1) Is anything I could do on 9/13 to reduce the loss? (e.g., roll over or etc?) + +(2) or this 1DTE strategy is simply not sustainable in the long term? (Picking up pennies in front of a steamroller... One hit sweep n months or even a year premium accumulation) + +(3) Any other suggestions for the SPX trading strategy? +Hi everyone, + +&#x200B; + +I basically follow the 1 DTE strategy (sell put spread for the next day) as the below link. e.g., sell Tuesday 5% delta SPX put on Monday. + +[https://wealthyoption.com/](https://wealthyoption.com/) + +&#x200B; + +on 9/12, when the SPX was at 4110, I sold the following put spread with no stop loss + +\-------------------------------------------------------------- + +sell to open SPX 3965 (around only 3 delta) + +buy to open SPX 3865 + +\-------------------------------------------------------------- + +&#x200B; + +on 9/13, the SPX crashed and closed at 3932!! Despite I had a very low delta, totally I still lost (3923-3965)\*100=3,300 for each contract (and unfortunately I sold lots of contracts... I am really really sad and kinda want to quit...) + +&#x200B; + +I didn't roll over the spread at the moment since if the SPX continues to crash on the next day, my loss could double down. + +&#x200B; + +So my questions are: + +(1) Is anything I could do on 9/13 to reduce the loss? (e.g., roll over or etc?) + +(2) or this 1DTE strategy is simply not sustainable in the long term? (Picking up pennies in front of a steamroller... One hit sweep n months or even a year premium accumulation) + +(3) Any other suggestions for the SPX trading strategy? +Hear me out. I've been doing thetagang for a while now. I pretty much only sell options and never buy them. But I never "run the wheel" like they say, and my theta plays almost never work out how I want them to: + +If I own shares and sell covered calls, one of two things always happens: the stock runs up and my gains get cancelled by the CCs. Or, the stock falls and I get a slight consolation because my CCs lost all their value. + +Same problem with CSPs. If the stock runs hard, you don't get all those gains. You just get the second prize of BTC'inc your puts for much less. Or the stock drops and you get assigned and then it just keeps falling. Congrats you are now e bagholder. And most of the time holding options makes us hang onto positions longer than we should. + +Here's the solution: stop thinking about the option and the underlying as intrinsically linked. The shares are just a requirement to open the derivative, which lets you sell time literally FOREVER. Stop worrying about the underlying and just plow ahead, hence "the bulldozer." + +For example, if you have 100 shares of AMD, you can sell an ATM CC for 5.00 two weeks out. Not a bad return on 10,600 interested. With the wheel strategy/mentality, we either sell OTM or if it goes in the money we try to roll to get it back out of money. There are two major problems with that. One, you don't get as much premium being OTM. Two, even or close-to-even rolls means you're trading your gains away for the sake of getting the options back to OTM. + +With the bulldozer, it doesn't matter. Wait till the $500 runs down on the CC. If the stock is + +1. Up: don't worry, the CC is up, but you can just do an even roll and take a decent credit + +2. Flat or down: the CC is going to zero, but it's the same thing, roll at the same strike and take a credit. + +It's the same with CSPs because the amount of collateral you need is always just the strike price of the put minus the premium. + +But going back to the AMD example, the stock rarely trades flat so what happens when it rips or dips? Basically, the farther it moves up or down reduces the amount of premium you get each time. So for example, if you keep the same strike (which is recommended for this strat), you still get a credit but it's generally lower: + +Rolling when AMD stays at 106: $500 every two weeks + +AMD dropping or rising 10%: more like $100 every two weeks. + +The wheel works great in a bull market because the underlying more often than not goes up, letting you close early, take gains, and maybe find another rising stock to play. I think for the next few months at least, there won't be clear signals on inflation, energy, supply chains etc. Stocks will bounce around a lot and volatility with remain high. Running "the bulldozer" seems like a decent way to collect premium every week while the market bounces around. More likely than not, if you run this strat for many weeks, the underlying will come back to where it was when you started or near it, and since this strat involves letting options run down to near expiry, you're likely to get a decent exit point eventually. + +I could say a lot more, but that's the idea. Curious if anyone else has tried this or thinks about some positions this way. The main risk is large moves in the underlying that limit your income from the rolls, and of course losing some money on the underlying shares/cash position. + +*Edits for clarity +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. +**EDIT**: +Thanks to all commentators. This strategy will leave you broke and no one should try it. Reason is IV crush which will make OTM long call completely worthless and/or illiquid so you wont be able to use it to cover for losses generated by ITM short call. Best outcome is to open it for a credit and then pray that stock goes below short call strike, but then there are better strategies to bet on a stock being below certain price. + + +**Original post:** + + +I was playing with options strategy and came across this graph. I know there is no such thing as a free money, but it is getting pretty close to it: + +&#x200B; + +[IV 600&#37;](https://preview.redd.it/tdkihlmf09371.png?width=1200&format=png&auto=webp&s=39cc7f59d62bf461f2e04d7bba8cce047e531655) + +[IV 330&#37;](https://preview.redd.it/2tr0o2yo09371.png?width=1200&format=png&auto=webp&s=2707e406de329b323ef98a8cd33f5efd7684ea66) + +Assuming even if AMC got squeezed , as long as it comes back down below $240 on Jun 25 it is all profit. And losses are not tat bad comparing to maximum profit. + +Sound too good to be true, whats the catch? + +It is susceptible to IV crush, but I'd argue that IV will go down only if stock goes back to reasonable levels. +Just now a filing on the SEC web site for SEC DTCC 2021 002 (which we're watching closely because it's also connected with 008) went up. It's a notice that the intial 45 day time period for consideration has been extended to the maximum 90 day period. + +[https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf](https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf) + +This one thing remains: I can hold longer than hedgies can stay solvent. + +I can out-wait any government agency. + +I can out-wait any HF. + +Tick, tock. +If a bi-weekly paycheck is $2700.00 ( net , so $5400 per month ) , is it a bad decision to pay $2000 for monthly rent of an apartment? We’ll probably with internet and electricity more like $2200 . + + +[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? 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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!* +But it has decreasing revenues since at least 2012, less and less people drink sugary juices and it has very slow growth forecasts. + +Why is this a good holding? Would you buy at current price? + + +EDIT: thanks for the answers. I read many people explaining why it is good, and at the same time saying they wouldnt buy it themselves, which seems to me as a bit of a disconnect. So you all agree you would not buy coke shares now but it is a great company? How can that be? +Six years ago I was fitted with an artificial heart. The damage that was already done by my weak heart was compounded by the damage the surgery and subsequent strokes the artificial heart gave me. One year later I received a heart transplant. I live in the US. + +Unfortunately, I’m not able to return to work, but I’m alive and able to watch my kids grow up and begin their lives, so I’m not complaining. I’m on full S. S. disability and I’ve had to cash in every form of my retirement just to pay medical bills... and I’m still in debt for about $7k. This is because maintaining a heart transplant requires expensive meds and expensive tests. This goes on for the rest of my life. + +I’ve worked full time for 35 years and paid into the system that whole time. I have health insurance through my wife’s employer. She’s also had to cash out her retirement to help pay my medical bills. What happens to people like me and my wife who have no retirement funds or savings when we become too old to look after ourselves? +Apple recently introduced the HomePod, a Siri-powered smart speaker which seems poised to compete against Amazon's Echo devices and Alphabet's Google Home. But here's the big difference: the HomePod will cost $349 when it arrives this December, compared to $140 for the Echo and $109 for Google Home. + +Unlike those companies, Apple doesn't have a long-established reputation of producing great audio products. Audiophiles frequently ridiculed the build and sound quality of Apple's older EarPods. + +Apple also doesn't really grasp why Amazon sold over eight million Echo devices to date. +https://www.fool.com/investing/2017/06/18/apple-doesnt-get-why-amazons-echo-was-a-hit.aspx +The bottom line is Ether is faster and cheaper. Even with reduced transaction costs BCH 8mb blocks takes 10 min to fill up, and eventually it will slow down. The bottom line Ether is a better tech. + +So why is everyone is crazy about bch? + +1) THE NAME + +People are more familiar with bitcoin and bitcoin cash is taking advantage of that. Giving an illusion of being better technology with the bitcoin name + +2) If you own bitcoin you own bitcoin cash + +If you owned bitcoin couple months ago, you were simply given bch after the fork. So bitcoin owners have vested interest in bitcoin cash and it's price regardless of the technology. + + +3) Maniplation, early adopters, old bitcoin money, fundamilists and special interest + +Early bitcoin adopters made tons of money from btc and now BCH and simply dont like Ether. Why? Because Eth is taking part of btc market share and threatening their wealth. Early adopters have more influence in this soace than new inveaters that are interested in new tech like Ethereum. Also for some people, bitcoin is like a creed or a religion that you follow blindly. + +On the long run....bitcoin can't sustain the hype when more people learn about etheruem. It might take a year or two, but I have no doubt Ether will be #1 in coinmarketcap +Bit of background: I’m a white collar professional on just over 90k. I’ve got a legal and writing background, so I’m pretty proficient in writing and proofing. Otherwise, I’m pretty passionate about fitness and quite fit, but not jacked or anything. I haven’t got any tech skills beyond basic home use. + +Last year I had a pretty massive turnaround of my life. Escaped an abusive relationship, sold my house and paid down ~$50k in debt. Got all my finances in order, and now I’m back in the black with my savings. I also gave up drinking and smoking to focus on my health and save money. + +I’m extremely motivated to use my spare time on weekends to make extra money. I’d ideally like to use the last half of my twenties to save hard, only occasionally splurging on travel and experiences. I’m willing to do anything skills or labor wise—I’m not precious about what it is. + +I’d love to know what your side hustle is and how you found it. +It's not everyday that you get to beat the world's greatest value investors at their own game. + +It's 13-F season. May 17th is the deadline to report Q1'21 long positions. Some funds have already filled theirs. + +Here's Pabrai: [https://whalewisdom.com/filer/dalal-street-llc](https://whalewisdom.com/filer/dalal-street-llc) + +Here's Munger: [https://whalewisdom.com/filer/daily-journal-corp](https://whalewisdom.com/filer/daily-journal-corp) + +Keep in mind that they're both self-described value investors, which means that they spend a lot of time studying the "margin of safety". It allows them to take really concentrated positions in their highest conviction stocks than most other investors. They know they're not going to lose money on a 3 year + timeframe. + +Charlie Munger has 5 long positions, Mohnish Pabrai has just 3. + +Both are on record for saying that value investing no longer works in the US, but fishing in other parts of the world is easier. Non-value investors seem to agree as well. Cathie Wood is buying JD, Soros is buying BIDU. + +Both Munger and Pabrai added just ONE stock in Q'1, the same stock. I think its a "wonderful stock at a fair price". + +Valuation looks good: [https://ibb.co/PNJ0yct](https://ibb.co/PNJ0yct) + +EPS growth projections look good too: [https://ibb.co/9NvMmqR](https://ibb.co/9NvMmqR) + +Normally it's hard to guess their cost basis given that 13-Fs contain delayed data. In this case, we know for SURE that the best they could buy at was $220. + +I excitedly bought my first lot yesterday at $209 after hours and I intend to DCA more over the next few months. MSCI China just entered bear territory, it's possible that we're near a floor. + +I don't know much about business in China. I have no interest in building DCF models. I gave a cursory glance to the SEC filings and earnings transcripts, but given that BABA is an ADR and China disallows foreign auditors, I don't know how much to read into the numbers. + +One thing is for sure - I won't be able to slice and dice all this data better than the most respected value investors in the world, working only part time and weekends. + +But I can copy them, and fate has given me an opportunity to outdo them on price! + +Looking out for Burry and Buffett's 13-Fs to hit EDGAR. If one of them has bought $BABA, I'm buying more stock. If both have, I'm going apeshit on leaps. + +Edit 1 - If your best bearish argument is “CCP”, that validates the strength of long thesis + +Edit 2 - + +Disclosures: Not financial advice. Do your own research, it’s your money. + +I am long BABA ADR. I do not have any other interests such an employment, directorship or consultancy with the issuer + +Edit 3 - Neither Buffett nor Burry seem to had added BABA in Q1'21. This does not change my long thesis, but I may hold off on the LEAPs and stay in shares for a while. +I hope I can be accepted amongst all you great people. I bought 8 shares of SPHD @ 46.93. It’s not much, but it’s a start. Not sure it matters, but I’m 30 years old and VERY late to the game. Honestly, I’m just excited to be here, lol. +Hello everyone happy holidays. + +A lot of information on this subreddit is American based which is always handy but I just wanted to share my dividend Portfolio for the UK to maybe help others in the future. + +GSK: 1,4,7,10. yield > 5%. + +Greencoat UK Wind: 2, 5, 8, 11. Yield > 5%. + +Invesco Perpetual UK: 3,6,9,12. Yield < 4%. + + +Grid: 1,8. Yield > 5% . + +M&G: 5,9 Yield > 5%. + +L&G: 6,9. Yield > 5%. + +BAE systems: 6,12. Yield < 5%. + + +The average yield ends up being around 6% or so. +Dividend payment dates cover the whole year which is nice. I screened all of the companies and their dividend has been increasing as well as the stock for most of them (exception applies to GSK in terms of growth in this case). + +Simple portfolio but it covers quite a few industries and it's quite good for steady dividends in the UK for your ISA. + +Thanks everyone. + +Edit: I forgot to add Rio Tinto to the list which is a great company. + +Other great UK dividend stocks are: Diageo and Unilever. +First of all i'm Italian, so sorry for my english mistake in advance. + +I see liltte bit of lack of content of this beautiful subreddit, and a lot of beginner. So i want to share with you one of my portfolio so you can have different vision of an "european" idea of dividend portfolio. I'am a full trader for 10 year now and this portfolio it's 3 year old + +Tax here work different and very bad i pay 26% plus 15%, terrible 37% but better have some dividend than nothig. + +The idea of this portfolio is to have a cashflow every month + +3M COMPANY + +ABBVIE-WI + +ALTRIA GROUP + +AT&T + +CANADIAN NATL RAILWAY + +CATERPILLAR INC + +EXXON MOBIL + +FRANKLIN RES + +INTEL CORP + +KIMBERLY-CLARK + +KONINKLIJKE DSM + +OCCIDENTAL PETE + +OCCIDENTAL PETROLEUM EQY WARRANT + +PPL CORP + +REALTY INCOME + +RIO TINTO + +W.P. CAREY REIT + +AZIMUT + +ENEL + +EVONIK INDUSTRIES + +FAURECIA + +FIERA MILANO + +INTESA SANPAOLO + +STELLANTIS + +and a little bit of explanation + +\-3M COMPANY: Solid company, aristocrat dividend, had couple of bad year, and bad manager but "safe" dividend, not expecting rising of dividend double digit at all, waiting for better manager to fix their position + +ABBVIE-WI: Solid company, aristocrat dividend, to me one of the best company in market + +ALTRIA GROUP: Nothing to add of all the topic and comment written in this subreddit. I am one that think that they can afford to pay this juicy dividend. Btw i bought at 39,56 in 2020 so i'm up 20%, and i got 6,30% NET in dividend till now, for this reason i'm feeling safe, i just need other 2 year of dividend and to stay at this price. And still there is hope in JUUL + +AT&T: Bad company, got attracted for the high dividend and for the solid cash flow.Im' down 20%, scared from the split, the cut of dividend, bad managers. I will keep it just because this portafolio it's a buy'n'hold and because there is an hope for the streaming to make some money. Let's see what will happen + +CANADIAN NATL RAILWAY: Solid company, i bought it maybe a little bit to high, very good managers, good chance for double digit rising of dividend, strong position in the market + +CATERPILLAR INC: They are leader, strong aristocrat dividend, defensive title, up 50% nothing to add + +EXXON MOBIL: I don't know how is the narrative there in US, but here in EU it's all green energy, green here green there. I don't belive there will be any change soon, prepare for the rise of the dividend in november. + +FRANKLIN RES: Solid company, aristocrat dividend, high yeld, i put in portafolio for their exposition in the indian market that i like it + +INTEL CORP: Solid company, bad managers. I know that they are losing share of the market, but still they are leader, i think that the dividend is still solid, and they have time to fill the gap(same thought of IBM, they are too big to cut dividend, and btw we are here not for the growth stocks) . + +KIMBERLY-CLARK: Solid company, aristocrats dividend, not bad, not terrible. + +KONINKLIJKE DSM: Solid company, the problem with european stocks is that there is no culture of constant rising. For example this year was great, but no rise of dividend. But never the less i'm, 117% up, so i will patiently, wait for the rise. + +OCCIDENTAL PETE: Bought before covid hit, now dividend is 4 cent. Losing 40%. To avoid + +OCCIDENTAL PETROLEUM EQY WARRANT: OCCIDENTAL PETROLEUM gave to all stock holder last year if i remember rigth. + +PPL CORP: Solid company, bought it because i think it will arrive soon to be aristoctats. But they sold UK division. I wait to see if there will be cut or not. But still thinking its a good buy + +REALTY INCOME: also here nothing to add of all the topic and comment written in this subreddit. + +RIO TINTO: One of the best in my portfolio, im up 50% and RIO is giving high dividen every year (or at least they try), so the 9% that you see for me its almost 15%! 3 year of dividend for a total 22% NET till now and im waiting september for other 3%! + +W.P. CAREY REIT: Like the idea, high yield, good managers + +AZIMUT: Italian stock, one of the best in my portfolio, i bought 3 year ago when it was 12,4 euro. Now it's 23 euro. 3 year and i got 3,2 euro back of dividend for a 19% return till now. I'm expecting 1 euro minimum also next year + +ENEL: Italian stock, energy. leader in Italian market. i bought it when it was 5 euro, now it's almost 8. + +EVONIK INDUSTRIES: German stock, chemestry, REIT and energy, good dividend, strong dividend history. + +FAURECIA: Got it after a fusion between FIAT and PEUGEOT, looks very interesting, i keep it + +FIERA MILANO: I'm italian from Milano, i bought just because for me Milano is going to be one of the best european city, most for proud. Small cup, small capitalization. Got hit hard for the covid, last year no dividend. It the fair of Milano + +INTESA SANPAOLO: Italian stock, bank, first in italy and top 10 in europe, high dividend but not constant at all. + +STELLANTIS: Fusion between FIAT and PEUGEOT, they are making car. I got lucky because for this merge i got 3 special dividend. + +Waiting list are this 2: Digital Realty and Legal & General Group . + +All what i wrote is just IMHO IMHO IMHO. Hope you like it. Comment and opinion are welcome + +Hello follow apes 🦍 this **DD/TA** post is a combination of my own smooth brain chart TA and the analysis of a professional trader and Youtuber named Andrew a.k.a **Trading Sciences** *(link at the end of the post)* **Elliot Wave Theory/Options Chain** Analysis. + + +This is going to be short and straight to the point as I want a maximum of Apes to understand what +might happen next week with our favorite stock. Please keep in mind these dates and prices are not set in stone, but will give you a general idea of where we could be going and what might end up happening this month. 🚀 + + +&#x200B; + +# Part I : MOAW (Mother Of All Wedges) + +What Is a Wedge? ([source](https://www.investopedia.com/terms/w/wedge.asp)) + +*A wedge is a price pattern marked by converging trend lines on a price chart. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action.* + +In this picture the ***Yellow lines*** represent our ***MOAW*****,** the **green line** represents the approximative price where ***Elliot's Waves*** converge it's also a great resistance/support. **The blue line** was made using our lowest and highest point from **January 27th** to try and illustrate how explosive the stock can be in the right circumstances in this case I was estimating a price of around **600$,** triggering a massive **gamma squeeze** in the process and putting insane pressure on the short sellers. + +I've try to draw this wedge using different prices and the result all pointed in the same direction, as you can see we we will be breaking out the giant **Doritos** somewhere around the **end of next week**. + +[Doritos and crayons](https://preview.redd.it/zx322414hlw61.png?width=805&format=png&auto=webp&s=3773edd19aeecc37a25cc00cc792552d8aa634bd) + +# Part II : MacDaddy + +Moving average convergence divergence (**MACD**) is a trend-following momentum **indicator** that shows the relationship between two moving averages of a security's price. ([source](https://www.investopedia.com/terms/m/macd.asp)) + + +As some of you might have noticed the MACD on the daily timeframe has been green for 3 trading days now, if we look at our last two run-up it took 7-8 trading days from the time the **MACD** turned green to the time it peaked, if history repeat hitself we would hit another peak somewhere around thursday/friday right on schedual to break out the Doritos. + +&#x200B; + +[MACD](https://preview.redd.it/btwqsz07hlw61.png?width=539&format=png&auto=webp&s=afa64fd31dbc5a33fa3188d749c95a4a9b6dd583) + + + + +[3 days after MACD crossover](https://preview.redd.it/945rp457klw61.png?width=430&format=png&auto=webp&s=950cb872e243ba97dca84c39c9dd80b700a6ad53) + + + + +[wen moon?](https://preview.redd.it/dk7uajibklw61.png?width=440&format=png&auto=webp&s=0d1a61f75d6a71ba9db85b083bdd3277364b3ba9) + +# PART III : Elliot Wave Theory + +In his [***video***](https://youtu.be/GDeMralCaiY?t=130) Andew predict the price action, he explain in detail that according to **Elliot Wave theory** we would hit a stock price of approx. **216$ish** erly next week *(Green line in the first picture/ Green circle in the picture underneath)* +following a possible correction, where apes would buy the dip en masse as usual. From there, it's impossible to predict the exact price but according to his analysis it would be around **800$**\+**. (Keep that in mind for the next part)** + + +[Elliot Wave](https://preview.redd.it/du60t9adklw61.png?width=806&format=png&auto=webp&s=340a1ccbf40b3d22b215ea1df749723e5fe348ee) + +# Part IV : Gamma Squeeze + +A “gamma squeeze” is a trading terminology that refers to massive call buying leading to higher stock prices, which leads to more call buying, a higher stock price and so on. + +For a gamma squeeze to start, a group of small retail traders or one big trader betting that a stock will rise buy short-dated call options in the underlying stock. + +Once they buy these call options, the investment banks and intuitional investors that sell them essentially become short the underlying stock. + +Should the traders buy more call options, market makers and institutional brokers will be forced to buy more shares of the underlying stock to hedge their short position. + + +Just like a short squeeze, as the price of a stock begins to go up and traders increase their call positions, market makers are forced to buy the underlying the stock thus pushing its price higher. + +**Investors selling or writing the call are hoping the price will fall, but like going short, the downside can technically be limitless because the stock can keep on climbing instead of dropping to zero.** + +**If a stock has low liquidity, the latter can cause the share price to rise even further, forcing brokerages to purchase even more shares as the value of their exposure increases further as the share price gets closer to the strike price of call options.** + +Wheter its 200$/300$/400$/600$/800$ doesn't matter, Hedgies are fucked. By looking at the picture below I hope you understand why they fought so hard to keep the price below **180$** this week. if you want more in depth explanations on this, watch the video I [linked](https://youtu.be/GDeMralCaiY?t=461) below at the **7:41** mark where he compares GME to other stocks and tell us why this is very bullish. +Someone can correct me if I'm wrong, but in theory if we go above 200$ it could create a domino effect of FOMO/***gamma squeeze*** that will then trigger a ***MOASS*** completly annihilating short sellers in the process. + + +[Options go STONK!!!](https://preview.redd.it/6skqhhleklw61.png?width=672&format=png&auto=webp&s=e15133270aecbbe6907f096da66635064ecf0575) + +***TLDR :*** +Buy and HOLD. MACD, giant Wedge, Elliot Wave Theory and Options are extremly bullish for next week. I Know TA is not 100% reliable on GME, this is only my personal opinion and not financial advice. + + + +***Trading Sciences video on EWT/Options :*** +[https://www.youtube.com/watch?v=GDeMralCaiY](https://www.youtube.com/watch?v=GDeMralCaiY) + + +Only reason this will work is because I know most APES by now have hands as hard as [**💎**](https://emojipedia.org/gem-stone/) and would never sell at a low price. Remember the upside is limitless 🚀 +I apologize in advance for mistakes as english isn't my first language. + + +# +I have been thinking about an [article I read over on Motley Fool](https://www.fool.com/financial-advice/2014/06/24/save_money.aspx) and it's relevance to those of us seeking FI. We hear all the time about "prevent life-style inflation" and we often treat that as "don't go out to eat so much," "make sure you don't splurge too much on entertainment," etc... However the vast majority of lifestyle inflation as that article points out is in 3 things: + + * Your Education + * Your House + * Your Car(s) + +** Education** + +For those of us already graduated with school far in the past there is not much we can do about the education part, but for those just starting out on this journey know this: **The vast majority of employers don't give a rip about what school your degree is from!** I went to community college for my first 2 years of schooling because it was 1/2 the cost for the same gen-ed courses I would need at the 4 year school, and the credits would transfer. This has saved me countless thousands of dollars in debt. + +** Your House ** + +Houses in America have been getting larger and larger since the 70s. + +> Over the last 42 years, the average new US house has increased in size by more than 1,000 square feet, from an average size of 1,660 square feet in 1973 (earliest year available from the Census Bureau) to 2,687 square feet last year. Likewise, the median-size house has increased in size by almost 1,000 square feet, from 1,525 square feet in 1973 to 2,467 last year. In percentage terms, both the average and median size of new US houses have increased by 62% since 1973. [source](http://www.aei.org/publication/new-us-homes-today-are-1000-square-feet-larger-than-in-1973-and-living-space-per-person-has-nearly-doubled/) + +The reality is you should buy the least amount of house you can that fits your needs. And you should really evaluate what those needs are! **YES** two children can share a room growing up and still survive to adulthood. **NO** you shouldn't buy a home assuming you'll have 4 children when you are still a childless couple just starting out. If you aren't sure what your needs are going to be in the future then rent! This is one aspect of my life where I really did mess up (own more bedrooms than people in my family), but if I had just rented a few more years we would have realized "Hey, we aren't going to have 5 kids after all, maybe we don't need a 6 bed-room house." + +** Your Car ** + +Ah the automobile! Is there anything more quintessentially "American" than driving around in a large depreciating chunk of your net worth. A car is not an investment, a car is a liability. It's cost will (with rare exception) go down in value over time. So you know how much money you should put in that? **The minimum you can!** A single $30K car purchase can set back your FI/RE plans by over 2 years! Buying used vehicles and driving them till they die really is the most affordable way to own an automobile. For a good punch in the face look at this check out [the relevant MMM article](http://www.mrmoneymustache.com/2011/11/28/new-cars-and-auto-financing-stupid-or-sensible/) on why not to buy a new car (pay particular attention to what he calls **automotive inventory**). + +These 3 aspects of your life are the single largest predictor of your success at achieving FI/RE. Minimize your expenses in these areas going forward, and someday you can own the McMansion, and drive the new car. Ignore your spending in this area at your own peril. +What is basically **"Electra Protocol"** - A.K.A. $XEP? (by Goryum) + +Well, this is a new but and old project we can say. After the ex-ECA project was abandoned by its anon founder, the whole core team and community decided to move by creating **XEP** during last December. + +**Technical insights:** + +* Open source +* Based on SHA256 with PoS V3.0e algorithm +* 80 sec block time (instant transfer) +* +1500 TPS +* PoS V3.0 +* Around +500 online nodes +* Supports Taproot,Segwit and Lightning Network +* Near ZERO fees 0.00001 XEP +* Supply to be around 18B ( Right now 29B but they will burn +10B XEP in a month or so) +* ... + +Coin | XEP | BTC +:--------|:--------:|:---------: +Transaction fees | 0.00001 XEP | can spike during periods of congestion on the network: current level of 26.44 USD +TPS | 1,500 | 7 +Atomic swap | YES | NO +Fully confirmed transaction | 80 sec | up to 3,600 sec (1 hour) + +**Source:**https://ycharts.com/indicators/bitcoin_average_transaction_fee#:~:text=Average%20Bitcoin%20transaction%20fees%20can,from%200.8928%20one%20year%20ago. + +Community is one of the most active one in the market. But real activity. Feel free to visit their Twitter page to see the engagement. + +Their airdrop process is ending as of this week to ex-ECA holders(eligible holders). + +**So, is this a new project ?** + +YES and NO + +The team, which was working on ex-ECA moved all together with the community to XEP. They brought all the planned improvements and will also do during the upcoming period. + +The team consist of several senior professionals from all over the world. +400 years of business experience (whole team combination) which definitely brings a big value during the project management process. + +They have a so called ElectraPay. This is an online/offline merchant payment tool. Recent news shows that they had many meetings and preparing on some **major announcements this year.** Worth to keep an eye on those. + +The project is also a **member of ETA (Electronic Transactions Association).** Who are there ? Visa, MasterCard, Bank of America, Google, Amazon, WorldPay.. And they are joining webinars, doing presentations to ETA members. + +**Hey, i checked it and can see only Crex24 listing. Isn't this bit strange ?** + +No. Due to airdrop, they had to use few exchanges. $XEP can be bought through the following exchanges: + +- Crex24 - KYC needed + +- Altmarkets - No KYC needed + +- NEXT exchange - No KYC needed + +The team also announced that they have an **upcoming T1 exchange** (one of to top tier exchanges). Announce must be done by the exchange first then by the team, expected soon in Feb or early March, it depends by the exchange. + +XEP will not only be listed on one T1 exchange, team are working with other exchanges... exciting future and brillant. + +**ElectraPay** will bring the biggest growth and it will be no comparison to the exchanges. Of course, the exchanges will also be in play, because ElectraPay's transactions will go through the exchanges" + +There is much more info than to be included here. Best is to visit the official website and social channels for more details. +Given how prevalent vanguard accounts and investments are and recent debate in this sub around ESG and sustainability, thought this would be of interest. + +https://stocks.apple.com/Afstoy98SSJS8g2su3BVrkA + +Edit: to be clear in light of some comments, the reference to ESG above is only loosely related as pretext for posting. Not saying this necessarily has any relation to ESG standards or ESG investments at vanguard or otherwise. +Current financials: + +* Stocks/Cash/Bonds- $650,000 +* IRA/401K- $210,000 +* House- $260,000 owed on mortgage at 2.8% for 10 more years +* House- $240,000 in Equity +* $275,000 long term employment bonuses/stocks (vests every 12 months and can sell immediately so roughly $90,000 every 12 months) +* Salary is $300,000-$600,000 + +Regarding my retirement income here are my calculations: + +* 4% market gains and add nothing to current $210,000- I can withdraw $46,000 a year starting at 62 +* 7% market gains and add nothing to current $210,000- I can withdraw $100,000 a year starting at 62 +* 4% market gains and add $5000 a year I can withdraw $66,000 starting at 62 +* 7% market gains and add $5000 a year I can withdraw $150,000 starting at 62 + +I am fairly comfortable with my numbers once I hit 62. I am more nervous regarding calculations of 33/37-62. Furthermore, I do plan to work in some capacity after I retire from my corporate job but planning for no work/income to be safe. + +* (7% returns, 3 years working) $650,000, add $200,000 each year (3 years) and retire at 33 and I can withdraw $87,000 safely for 60 years. + * $87,000 is lean for my current lifestyle but after my house is paid off it seems possible. I am debating right now do I want to work 6-8 more years and secure a fat lifestyle or can I survive on $7,500 a month and be happy? + * Same numbers but work 6 years- $147,000 yearly for 60 years +* (4% returns, 3 years working) $650,000, add $200,000 each year, and retire at 33 and I can withdraw $81,000 for 60 years. + * same numbers but work for 6 years- $128,000 yearly for 60 years +* (7% returns, 3 years working, add only $100,000 each year) $66,000 for 60 years + * same numbers but work for 6 years- $100,000 for 60 years. +* (4% returns, 3 years working, add only $100,000 each year) $62,000 for 60 years + * same numbers but work for 6 years- $90,000 for 60 years. + +My observation is is makes sense to really put away $150-$200K for another 3-5 years. What am I missing regarding costs of healthcare, inflation, etc? What else would you consider when thinking about should I work for 2-5-7 years? Also, how do you prioritize chubbyFIRE/fatFIRE/regularFIRE? I go back and forth on could I be ok with $60-$70K a year once my house is paid off vs $140,000+. Any insights regarding what you would plan for in my final 3-7 years of employment and also what did you not think about before hitting FIRE? +My grandma won't be here much longer. My aunt told me she has been trying to get my grandma's credit card debt paid down, because she and my dad will inherit the debt with my grandma's house. We are in Louisiana. I have read on this sub how untrue that is, but I also know LA is very different from the rest of the US on so many levels, legal issues being one of them. So, is this true for LA residents? Would my family really inherit credit card debt when my grandma passed away? + +Edit: Thank y'all so much for the information! I truly appreciate your time here. I knew I could count on y'all! +I see a lot of us ready to jump into some pretty shady ICOs and underestimating how valuable ETH will potentially become. Unless an ICO is clearly fair and has a lot of upside, we are all much better off with the KISS principle and should hold onto our ETH! +It's widely known after the announcement in March that the contactless limit would raise from £45 to £100 per transaction, and the total limit before you're asked for a pin from £130 to £300, but no firm date was given on when. + +I've recently had an email from Virgin Money stating the new higher limit will be in place from August 5th 2021. + +I can't see anywhere else reporting this. +This question has come to my mind. Not necessary a FX vs stock question. But, if your strategy mainly evolved around trend trading, why not just trade SPY sinces it trends most of the time. It seems that you will be profitable if you by the dips (ex: at ema touches) historically speaking. FX trends seem so short lived and you have to wait multiple days if not weeks. Let me know what is your thought? +I found a house that’s unfinished. The wholesaler said that the owner started building this house in 2019 and ran out of money. The story kind of checks out.. I found him on Facebook and he was asking recommendations for kitchen backsplash colors then a week ago he was posting that he needed to rent a room asap. + +My question is, what should I look out for? I was going to send a contractor to the house and call the city to ask about any open permits. Let me know if I should be aware of anything else. + +Thank you!! +Talk to me about this. I’m newish to investing (3 properties over 3 years), and I live in one of my units. It’s going to be a perfect rental someday. It’s a 1/1 and about 650sqft. I can tell that whoever built it, did it on a budget. Cheap vinyl tile floors, cheap counter tops, cabinets, window unit a/c’s built into the wall, near zero storage, nice, just finished out on the cheap. + +I put a metal roof on it recently and my plan is to own it for life and rent it in the next 1-2 years. + +Based on my estimation, it would probably rent for 900-1000 as is. Are there any upgrades I could do, that I’d enjoy while living here, that would help if rent for more to justify making the upgrades? + + +Things I’d like to do: minisplit (5k), LVT flooring throughout (2-3k), shed (1.5k), carport (2k), countertops (?), and I could go deeper down the rabbit hole with porches, etc, but this is a good baseline. + + +I think the max rent for a 1/1 in my area would be 1100-1150. + +How do you improve a property and see a return for the money spent, but not over improve and waste your money? +(DON'T TALK ABOUT BITCOIN AND CRYPTO IN THIS THREAD!) + +Did you ever buy one stock with a large sum of money in comparison to your net worth? If so, why did you do it? + +Did the strategy work out well for you? + +I have often been thinking about it, but honestly I have been afraid to do it, so I stick to buying index funds. +McDonalds, Starbucks, Pizza Hut, large-chain super markets, etc. started accepting Bitcoin payments already, flawlessly, with instantly settled and free (or almost free) transactions using Lightning Network. + +How long before they expand to all branches worldwide and all other stores jump in to avoid the large fees, commissions and charge-backs from credit card companies? +It came for the meme stocks, weed stocks, SPACs, penny stocks, small caps, midcaps, high multiple stocks. I didnt speak since I owned none in that category. + +Now REITs, utilities, large cap stocks are tanking 20% from earnings or just the overall fear of Fed raising rates. People keep saying wait until the bubble pops but it feels like we are already in the middle of it. It just doesnt have a name like the other periods. +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. +Original press release - http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html + +Recent press - https://www.coindesk.com/cmes-bitcoin-futures-likely-start-trading-december-11/ +Obligatory text here. Title says all i needed to say. Yesterday’s price action even made my girlfriends boyfriend buy some GME shares and drs them. Don’t think your 1 or 2 shares don’t matter. Because if a million people with 1 share thought the same way then that would be 1 million shares not drs +Hello apes. Link to video for directly related to this post can be found on SLIDE one of the PowerPoint below. + +EDIT: +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +XTSLA, the BlackRock fund, IJR and IWM update: +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +IJR: Down 0.1% weight. Down -44k shares +IWR: Down 0.5% weight. Down -77k shares + +EDIT: + +IWN, IWM, AND IJR ALL HAVE THE BLACKROCK FUND XTSLA IN THEM + +HOLY TITS + +EDIT: Since making these posts, these headlines have came out: + +&#x200B; + +https://preview.redd.it/mn4dizuen2b71.png?width=494&format=png&auto=webp&s=a8feef803739fa20d001399d6d8a8697bf9b506b + +&#x200B; + +https://preview.redd.it/ljiknf7kn2b71.png?width=838&format=png&auto=webp&s=b4282029e7edecc1423e11c3a4ca7e2e4ddc3d31 + +And this came out after my post that I made yesterday: + +&#x200B; + +&#x200B; + +https://preview.redd.it/cy53rgrko2b71.png?width=610&format=png&auto=webp&s=82eb9db22019649bf2222824b0772d4a4b9ca937 + +[POWERPOINT](https://1drv.ms/p/s!AgLOXVUYbs6Vg0pocVjiqBEIWHiY?e=Oxn4ML) + +The PowerPoint going along with that video is available here: + +So I started to dig a little further. + +Before I begin, I feel it's relevant for those of you who are not familiar with me to give a slight background. If you don't GAF, then please skip to the next section. I just know that Youtubers are shunned here, but I'll explain why that shouldn't be the case for me: + +I have a YouTube channel that I created back in late March to actually try and help the YouTube community learn something rather than follow a bunch of hyping popcorn stock salesmen. + +I'm not in it for subs, views, or money, as I think at this point I've made that very clear. I'm in popcorn stock and GME, spread about 80% GME, and 20% AMC. My subs are aware of this, and I've taken shit for it, however, I don't care. My subs know I'm on YouTube for one reason: to NOT be like the others. To bring out facts in the most accurate and informative way as possible, and while saving the viewer's time. YOUTUBE IS NOT FREE. THE VIEWER IS THE PRODUCT. That's why my videos are always short, and to the point, ironically other than this one. (first one this long ever other than live) + +Things I've done showing I support APES, and not HYPE: + +\*made several videos going over the AA situation with Centricus, Citadel, the offerings, leadership differences + +\*called out Tom Zuzolo for promoting his business + +\*called out BAM for promoting the "model" he stole from a White Paper called "Model of Behavioral Analytics" + +\*Called out Lou for lying to his subs about his crimes + +And I'm still here! Anyways, that's that. Onto the DD! + +So this post is referring to a resource available at the iShares website: + +[https://www.ishares.com/us/literature/investor-education/ishares-investigates-authorized-participants-market-makers-part-1-en-us.pdf](https://www.ishares.com/us/literature/investor-education/ishares-investigates-authorized-participants-market-makers-part-1-en-us.pdf) + +&#x200B; + +&#x200B; + +[ETFs Explained, Slide 1](https://preview.redd.it/jbmfia8332b71.png?width=1431&format=png&auto=webp&s=1564151474a3de32550a79535ece05583b1a88b2) + +&#x200B; + +&#x200B; + +&#x200B; + +BACKGROUND: + +&#x200B; + +So yesterday, I started looking into the ETFs IJR and IWM, both issued by BlackRock. For time's sake, please refer to this post my latest post before this in my profile. + +&#x200B; + +&#x200B; + +Okay, so now that we know that IJR, the ETF with the most exposure to GME (9.6 Million shares) is trading ABOVE GME's daily volume, let's look at how this shit all works according to BlackRock: + +&#x200B; + +[Basically, AP's, or Banks, such as JP Morgan, manage creation or redemption of ETF shares, which manages the shares outstanding. The Market Makers, Jane Street and Citadel, provide a key role by providing liquidity to the ETF Ecosystem that ensure \\"CONTINUOUS AND EFFICIENT ETF TRADING IN THE SECONDARY MARKET\\" They are BOTH NEEDED for this process to work, but APs and Market Makers can play both roles in \\"certain ETFs\\".](https://preview.redd.it/pkdc36d142b71.png?width=933&format=png&auto=webp&s=7ebe69e0bbadf7a68660c8f2c870dd55ce5e0f76) + +&#x200B; + +[Shows the Ecosystem, with some ape-speak added in. Outside square is the creation process, and the smaller square is the redemption process.](https://preview.redd.it/kgqy4koi42b71.png?width=907&format=png&auto=webp&s=b789738effa1f41f74d6f333c65590bcac8b67b4) + +Okay, so now we know that Banks, Hedge funds, and the Issuer, being BlackRock in this case, are all REQUIRED to make this process work smoothly. + +Citadel / Jane Street provides the LIQUIDITY, Banks manage the shares outstanding / creation and redemption process. + +BlackRock provides the ETFs agreement with the banks, and issues the ETFs. + +So according to BlackRock, this there's TWO ways you can go about the creation process: + +&#x200B; + +[\(full picture in powerpoint\)](https://preview.redd.it/9nml6fe952b71.png?width=778&format=png&auto=webp&s=a94531ce7c60881d3dd59e1057e034b743f1ab42) + +So it says here, that when DEMAND for ETF shares exceeds the supply of shares available in the market, APs (Banks and/or Market Makers) work with ETF providers (BlackRock) to create additional shares. + +An AP (Bank and/or Market Maker) can initiate creation in TWO WAYS: + +1. Delivers the *Creation Basket*, which is just a fancy way of saying bundle of securities, in this case, to BlackRock. Done with REAL SHARES. +2. Provide CASH EQUAL TO THE FULL OR PARTIAL VALUE to BlackRock. + +Now, I don't know about you, but if I had to guess, I'd say that there's no more real Baskets of GME laying around, since we've already eaten those all up A LONG TIME AGO, so they're likely paying cash. + +Now, in return, BlackRock will deliver the "synthetic shares" to the...SYNTHETIC ETF. + +https://preview.redd.it/s3ylgx4862b71.png?width=578&format=png&auto=webp&s=562e44afc04979011819d51ade35ad01623679c6 + +WHAT THE MICHAEL BURRY IS GOING ON HERE? + +Let's look at the redemption process: + +&#x200B; + +https://preview.redd.it/eam77d7j62b71.png?width=708&format=png&auto=webp&s=0febcfbd66574611bf85f1ff2b7b2afb78cfd7ce + +"Conversely, when there are too many ETF shares outstanding" due to more investors selling shares than buying in the secondary market (retail market), or SUPPLY EXCEEDS demand, a Bank or Market Maker will buy ETF shares on the exchange and return them to the ETF issuer. + +&#x200B; + +DING DING DING!!! THIS IS WHAT WE NEED TO HAPPEN. + +&#x200B; + +However, we're not done here. They can either be "obtained by inventory" or "purchased on the exchange". + +&#x200B; + +Obviously, method two would make us go boom boom. How do we make that happen again? + +&#x200B; + +Oh, yeah! DEMAND. Let's look at the outstanding shares!! + +&#x200B; + +&#x200B; + +https://preview.redd.it/5p2txhu872b71.png?width=1105&format=png&auto=webp&s=46703426c8750a246cf7830d2a414577ccc3ab3f + +SHARES OUTSTANDING: 632,650,000 AS OF JULY 12TH + +BID ASK SPREAD 0.01%? + +DAILY VOLUME 11 MILLION? + +ETF IS GOING ON HERE? + +So based on what we learned thus far, seeing the Bid/Ask spread at 0.01% means Market Makers are not making much profit. + +Its' traded on NYSEArca, which if you look, was 80% short on GME based on the volume for yesterday. Will edit and provide an update for today later on. + +So we know the demand is already overinflated based on the shares outstanding. We know that the fund has the most exposure to GME out of any other ETF on the market, and we also know that BlackRock is the issuer of this ETF. + +&#x200B; + +[This last caption concludes where I've left off, and where I'm starting to dig more.](https://preview.redd.it/nps40dyz82b71.png?width=1454&format=png&auto=webp&s=07aabc4f87c6751b346c5179e423c7810058a1c6) + +If you notice, XJR has a much lower amount of shares outstanding, as well as a much lower exposure to GME. + +&#x200B; + +But they have one thing in common: + +&#x200B; + +&#x200B; + +[They Both hold the TXSLA fund, or BlackRock's CASH FUND.](https://preview.redd.it/qdw02x0692b71.png?width=962&format=png&auto=webp&s=3b889c8f70448d4017e660d8c8ec7c54fff7e9f1) + +What do we remember about CASH? + +It's needed for CREATION in synthetic ETFs as use for collateral. + +Based on all of this, is it possible that BlackRock has its' own fund inserted into both of these ETFs to funnel cash where needed to create more shares just to inevitably deliver to the banks, who then just go and sell them into the market, creating more artificial demand, calling for more artificial creation, but yet preventing MOASS at the same time? + +I feel this is important, and will continue working diligently on this. + +TL;DR + +IJR is a Synthetic ETF issued by BlackRock, that's #2 holdings are BlackRock's CASH FUND, and GME. + +According to BlackRock's own definition of its' ecosystem, large shares outstanding means that shares need to be sold into the market. The problem is, they're all synthetic, which in turn creates more artificial demand for the underlying ETFs. BlackRock's CASHFUND could be a tunnel of money flow between IJR, and IJX, another, smaller ETF with very little shares outstanding, and very little exposure. + +Will they just keep inflating ETFs, while using the extreme amount of married OTM Puts/Calls from Jane Street / Citadel, and others to keep the bid/ask spread 0.01% or lower, then move onto the next, rinse and repeat? Or does this come to an end? How big can the bubble get? + +This shit is getting crazy, and nothing these people are doing makes any sense. + +As Michael Burry said: + +"The room is crowded, there's about to be a fire, and only those closest to the door will get out." + +Talk to you latERR! TO MOON! + +\[LACK OF EMOJIS\]!!!!!!!!!!!!! + Throwaway account for security more than anything. My Mam has dementia and after sharing her care between us for a while she’s finally had to go into a care home. Me and my siblings have been clearing her house and last night while putting clothes together for her we found a bag of money. Counting it out there is close to £20.000.00 in there, but all in old twenty pound notes + +We don’t know why this wasn’t in a bank, we know for certain that it’s not from the proceeds of crime, we think it may have been down to a quirk of our late Dad who didn’t trust banks but did buy and sell the odd car + +What the heck do we do here? We can’t just turn up to a bank and deposit that much money can we? And what about the fact they’re old notes? Any advice would be appreciated +I find it crazy how expensive property prices are in Sydney. The articles and the general public keep spraying their wisdom upon people whom disagree with either pricing or the way it’s headed. Apparently ‘property will always rise’ is the only term these people have developed in their vocabulary. + +My confusion lies here, how the hell can it still be so expensive? I’m fairly sure that wage hasn’t risen over the past 10 years. I get the RBA lowering rates, quantitive easing and the rest of the terminology but I’m still not given the knowledge as to why or how it will stop. + +I want to be educated in this, how can people pay 2-3M for a 600-700sqm property in Sydney’s inner west. Will I see 3-4M listed on that house in 5-6 years time? What path is this headed down +Seen a lot of FUD this weekend. Veteran apes are conditioned but some new apes might be wondering what to expect in the weeks ahead. Just remember: + +1. Buy, Hold, DRS is undefeatable + +2. The price will go up or down + +3. RC approved a split dividend because it's in the best interest of shareholders +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://discord.gg/hqBNg4u) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +I have bank account with hdfc bank. When I download TDS Inquiry or TIS from income tax portal they show (90k) interest earned from FDs during a FY. + +But if I actually calculate FD interest in my bank statement it is (105k) + +Now why there is different in both amount, which one should I use while filling ITR? + +Edit: interestingly TDS dedicated amount is matching in all 3 documents but not FD interest amount. + +* Which bank do you recommend for savings account or fixed deposits? +* How is your experience with wealth management services? Discuss your experience with Citigold/CitiPriority, Kotak Privy League, db WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. +* What bank offers the best foreign exchange rates? +* Discuss the quality of the bank's mobile apps and the services they offer. +* How are the lending practices at your bank? Did your housing loan get approved on time? Were you required to purchase additional products (like insurance) to avail a loan? + +You can ask for a general review of a particular product or service that you are researching - "Is bank X good? Is it recommended for basic services no-frills accounts?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ka beta, and my family is pressurising me to take a home loan, what would you suggest?"), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +For those who are unfamiliar: [**The Big Bang Theory**](https://en.wikipedia.org/wiki/The_Big_Bang_Theory) has become one of the highest rated comedy television shows recently and tonights episode, "The Bitcoin Entanglement", focuses around the obvious. + +We know this show has mixed feelings among this crowd but we expect some potential extra volume coming in from this show airing tonight and would like to keep things in a single thread. The [**last episode**](https://en.wikipedia.org/wiki/The_Big_Bang_Theory_(season_11) that aired reached over 13 million people. + +Show aired* 8PM EST. + +~~Sorting has been defaulted to new so all you have to do is refresh during a scene you want to see others potentially comment on.~~ + +>22 minutes in, so far almost entirely not Bitcoin related. + +>Brief mention of mining 7 years ago and potentially being rich. + +>Lost the laptop and mostly just searching for it. + +>Sheldon "downloaded the Bitcoin" to a flashdrive on a keychain, that keychain was lost. + +>Keychain found by shopkeeper who plans on pawning it for $10 (unaware of Bitcoin on it). +Can someone please explain the seemingly incessant drumbeat of articles from the mainstream media predicting a Fed pivot? + +The Fed’s dual mandate are for US price stability and maximum employment. Right now, CPI and PCE inflation are through the roof, and employment is still strong. + +If the Fed pivots, the risk is that severe inflation will become even more entrenched, permanently destroying buying power, and an entire class of people will be unable to own real estate. + + +[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!* +When I first applied for this job I was offered $12 an hour, well I got my first pay check and it says regular wage $11. I know this isn't a big difference and it's just a part time job but Is this something I should talk to HR about? + +Edit- Thank you to everybody who commented, I went in and talked to HR services about it. I did not have any proof that I was offered $12 with me but since I work over night that is the starting wage. They apologized for the error and fixed it to the correct amount. +I'm 35 and just paid off a car loan for the first time! + +I came close before with my last car having 6 months left when it got totaled by a hit and run. My car before that was totaled by a deer. My car before that was totaled when I was on the freeway and the car in front of me had their tire full blow out...I stopped in time but the cars behind me didn't and it was a 5 car pile up. + +So given my past bad luck, I feel hesitant to celebrate. It just doesn't feel real to me not having a car loan! +EDIT: Yikes comments are getting salty over my trading disclosure. Clarification, I got lucky on some killer trades - managed to sell the top and buy the absolute bottom. I don’t use technical analysis, I trade fundamentals and sentiment. + +Disclosure: I bought into ETH at $140, sold at $1400, and I've been re-accumulating since $80. Here's my investment thesis. + +ETH seems to be trending cautiously upward while Bitcoin is catching a wave of bullish exuberance . This is the wall of worry for Ethereum. Far from holding out hopes for a flippening, most Ethereum hodlers are just looking for ETH to gain some ground, any ground, on BTC. + +Despite what you'll hear in the media. The wall of worry is the best time to buy - before the herd moves in and broad sentiment is reluctant skepticism. The wall of worry is where Bitcoin was the past 2 months. Now that the consensus is that Bitcoin is indeed a bull, institutions and skeptics are mobilizing their cash hoards into cryptocurrency markets. Expect a portion of that influx to trickle into Ethereum before a wave of FOMO drives us in the $2000-3000 range. +Hoping for some advice here. As it says in the title, I walked away from a Commonwealth Bank ATM without taking my cash ($20). I ran back within a few seconds but just as I got there it pulled the money back and showed a screen that said it took the money back for security purposes with a phone number to call. I phoned and Commonwealth Bank said that since I used a different bank’s card I would have to direct it directly to my bank (QBank). + +I contacted QBank and they said they need to launch an investigation and it would cost $27.50! Obviously doesn’t make sense to proceed but I think this is really poor and I am wondering if there is anything I can do about it. It’s not the end of the world if I lose $20 but for me it’s the principle. I think it’s so greedy. I have all my accounts and a mortgage with them. + +In my email reply I asked for it to be escalated to a senior manager. + +Is there anything I can do? + +UPDATE: +Qbank are processing this for me without the fee, which is great. They make over $700 a month from me in mortgage interest so I did feel that as a customer probably for the next 17 years they should be able to waive a $27 fee (and they did). + +Thank you everyone for your feedback. Just to clarify too, if I left the money in the ATM and someone took it I would have been fine that this was a $20 mistake. My issue was that the ATM took the money after a very short while - why should the bank get the money I forgot? + +Anyway, thanks everyone! + 3 days ago the moderators removed my thread titled [‘Open Skepticism on Pulte’.](https://www.reddit.com/r/Superstonk/comments/u53cwv/open_skepticism_on_pulte/) I messaged the mods to ask for an explanation of why it was removed. To which u/half_dane responded “Please check the mod comment that's pinned to the top of the comment section” + +[The pinned comment can be seen here](https://www.reddit.com/r/Superstonk/comments/u53cwv/comment/i4zrxa0/?utm_source=share&utm_medium=web2x&context=3) + +“Post removed for exceeding the vote bot threshold. -26 at time of removal, with a dozen other reports for harassment, inappropriate content, and unsure but sus.” + +I gave them a couple days to give me an adequate answer after I messaged. No further explanation. + +No rules were broken in this thread, no harassment, no name calling, nothing. [Here's a direct link to a pastebin of the post content](https://pastebin.com/fTBkHrat) + +[This is also not the first to be removed by the quality vote bot](https://www.reddit.com/r/Superstonk/comments/u4a7jd/wtf_superstonk/) \- [Despite mod saying they wouldn't have removed it because of the quality vote bot and healthy skepticism is okay the day before](https://www.reddit.com/r/Superstonk/comments/u4dekn/comment/i4vzaip/?utm_source=share&utm_medium=web2x&context=3), it was still removed. + +The quality vote bot is not an excuse to remove discussions that break no rules, it’s not okay to remove discussions simply because people don’t like what is discussed. It’s not okay to remove discussions because there are many reports, when no rules are being broken to validate those reports. + +**Discussions and asking questions is the foundation of stonks. It’s how we aggregate quality content and encourage critical thinking.** + +[It’s the same reason that I fought to bring back the Discussion flair that the mods removed.](https://www.reddit.com/r/Superstonk/comments/qmjzmg/comment/hj9zbzr/?utm_source=share&utm_medium=web2x&context=3) \- [More than once](https://www.reddit.com/r/Superstonk/comments/qz5lf6/our_flair_system_has_been_badly_damaged_please/) + +**Please engage this post and help get more eyes on it. This is a serious problem and I need your help to fix this.** + +**I have been banned for this post - reason cited was for ‘ reposting removed content ‘** +So recently I applied for a "junior administrative assistant" position at a consulting firm. The job allows you to work from home, and make about 2 grand a month, working part time. So at first I thought it sounded a little fishy and was a little skeptical moving forward. I received an email saying they would like to have a phone interview and asked me to answer some quick questions (these questions were innocent just like "can you work the desired hours"). After I answered these questions, they replied with their email, phone number, address and website which all seemed to check out. The website had both the email I was communicating through, phone number I would receive the call on, and their listing on the Better business bureau. + +I just finished the phone interview which was more of them instructing me on what I would be doing and my next step is a background check which they just emailed me and asked me for my driver's license ID number, I have not replied but from past experience this seems relatively innocent and what to provide for a proper background check. + +Thank you to anyone in advanced. I am kinda desperate for a job so this position seemed golden, and a lot of it seems legit, I still have kinda a hunch just because it almost seems too good to be true. + + + +EDIT: This is the official email from them, please note I removed the name of the individual who emailed me, but not the company: + +Our company has received your resume/application for employment in response to our add on Indeed. +We would like to note that your resume has been reviewed by our HR staff. Now in order for us to move ahead in our selection process, we would like to have a One-On-One phone interview and proceed with the hiring process online. + +Sparks Consulting company is offering you the position of Junior Administrative Assistant. + +We are very pleased to hear that you are interested in finding out more about our company and our job offer. My name is X and I am the Human Resources Coordinator at Sparks Consulting. + +Job Overview: +Junior Administrative Assistant +Employment Type:Regular, Part-Time, Home Based +Job Type: Admin – Clerical +HOURS: Flexible, Part time +START DATE: Hiring this month + +Salary: +Your compensation package includes a monthly payroll of $2000 payable on a fixed date, health insurance, vacation and personal days through our company's employee benefit plan.You will also receive your bonuses daily upon the full completion of the tasks given. Bonuses will be earned daily for completing all assignments on time. The total pay range for this position is 23800 - 31200 USD per year. + +Daily duties: +Perform clerical and administrative duties to ensure effective and efficient operation of company. +Prompt and courteous customer service. +Provide general administrative assistance to all staff within your team. +Filing, scanning and copying Processing orders and running all daily reports. +Other duties as required. + +In order to be successful with these opportunities you will need the following qualities: +Excellent attention to detail. +Writing and communication skills. +Flexibility. +Can-do attitude. +Problem solving skills. +Ability to work under pressure and meet deadlines with minimum supervision. +Solutions orientated. + +As discussed you will be responsible for the administrative support function with our customers based in your city. You will report directly to me and your Phone Manager and your normal working hours are expected to be 9.00am to 1.00pm Monday to Friday or we can arrange a flexible schedule. Your starting date will be set by the end of your hiring process. There is a specific training program to undergo. You do not need a university degree to apply for this job. High school diploma is sufficient enough. + +However, you need a knowledge of basic PC program packs like Microsoft Office & Word and also you must be familiar with Internet and E-mail services. + +Now, we have a few questions for you and if you answer them with answers that suit our needs then you may consider yourself as a successful candidate! + +1) Do you have an instant access to your e-mail and your phone everyday? +2) How many days a month you are leaving your town? +3) Are you able to go out of your house and move within your area completing daily tasks during business hours? +4) Could you get 3-4 hours of free time daily during normal business hours (Monday - Friday) ? +5) Who was your most recent employer and what did that job entail? (Briefly describe your recent job role/experience?) + + +EDIT AGAIN: after posting the name of the company and website, people were able to confirm that the images used were stock photos (they did seem a little odd to me when I looked at them). Thank you to everyone who helped out! +**)** + +&#x200B; + +All amounts are in USD, for just myself. + +For me, 500k is basically LeanFIRE. I could return to the city I used to live in and spend 18-20k a year and be perfectly content. I hit 500k recently with the recent boom in the market. I won’t RE right now, but theoretically I should feel some kind of relief at this point because I am leanFIRE, but I don’t really. + +Started working January 2015 + +2015 – 70k income, 24k expenses + +2016 – 100k income, 19k expenses + +2017 – 140k income, 17.5k expenses + +2018 – 145k income – 18k expenses + +2019 – 200k income – 40k expenses -> I moved to VVHCOL city here + +2020 – 250k income – 40k expenses + +Expected 2021 – 250k income – 36k expenses + +Most of my compensation is base salary. A small portion is cash bonus. No stocks. + +**Financial Anxiety** + +You’d think I would feel better/relaxed now, but I don’t. You’ll notice a common theme in this post, and that’s anxiety. I have anxiety over spending money, saving money, investments, you name it. + +It’s affected my relationships a lot. At times I have been overly controlling even about my partners financial habits. Pre-covid I was seeing a therapist to help deal with this anxiety, and it has actually helped a lot to improve my personal relationships, because now I can at least recognize and feel/touch the anxiety. Before it was just hidden, unknown emotions that I couldn’t place a trigger on. I never thought of myself as an anxious person until therapy. I am outgoing, well-spoken, have no social anxiety, and don’t get anxious about presentations or speaking engagements. I do get anxious though when I splurge on a single purchase because it feels like I’m slipping into lifestyle inflation and my whole world is falling apart. I do get anxious when my partner purchases a single splurge item because I extrapolate it to the extreme - to them having given up on FIRE, and therefore we are incompatible and should break up because ‘clearly FIRE isn’t important to them’. I do get anxious when my partner didn’t want to implement auto deposits every month, because they preferred every 1-2 months just going and manually doing it. To me that just felt like it was so easy to just let everything slip and fall out of control. But they had a method and it works. At the end of the day, our annual spending is very close and I really have no reason to complain or comment on anything that my partner does money wise. + +Sounds crazy when you write it out, and I’ve improved a lot in this regard. Therapy has helped. My partner bought a $300 splurge item recently and I barely commented on it. My partner doesn’t do automatic deposits to investments every paycheck and it doesn’t bother me at all anymore. Therapy helped me understand that these were not rational reactions and I was actually reacting to the feeling of ‘losing control’ and ‘things just slipping’. I still often feel the financial anxiety, but the difference is that I understand the emotion for what it is – a mental illness. I can control my reactions, even if I sometimes can’t control my feelings. Before I didn’t realize it was anxiety, I thought my viewpoints were totally justified. + +Hell, I even bought a PS5 recently for $500 and it didn’t bother me that much! I’m thankful to now understand how annoyed I would be if my partner made a huge deal every time I wanted to buy something like this. We are all adults and as long as our annual spending is reasonably in line with our goals we are fine. + +So hitting LeanFIRE hasn’t really done much for me either. It doesn’t feel real at all. I’m still working and slaving away. I keep trying to tell myself that I don’t ‘need’ to work, but it doesn’t feel like that. I’m not sure if this is because I know in RE I won’t follow 4% rule, likely 3%, or if I will started to feel relaxed as I gain more NW. I basically feel the same as when I was 0 NW. It might also because I feel battered and exhausted from work. If anything, I feel more like a battered, nervous wreck than I was when I was at $0 NW. Back then I felt like I had energy, and enthusiasm, and wanted to take on the world of work. Now I just want to quit. **I shouldn't feel anxiety, but I do**. To be frank I'm extremely lucky and privileged, but sometimes it just doesn't matter. Rationally I know I am very lucky and in a fantastic position. Emotionally it doesn't feel like that. + +**RE plans** + +I plan to work for another 5-6 or so years, but that may vary depending on a few factors. My job right now causes me a lot of anxiety. The hours are not too bad, but the pressure is high, there is often conflict, tensions are very high, and I am judged on the basis of my decision making. If I make poor decisions it affects the whole business, and I am solely responsible for making a lot of decisions. I basically hope to hold on as long as I can. Every year I am adding 130k to my investment portfolio, with an after-tax savings rate of more than 75% (I pay a LOT of taxes), so I understand the value in trying to just keep working a little bit longer. I think my goal RE number is about 1.5M, which by normal projections I would hit by 2025/2026. I also have a partner who is on the same path but a little bit younger and so is a little bit behind me. Having more cushion in my number will help my partner’s situation as well and make them feel more comfortable about RE. + +I might not make it 5-6 years. I don’t know. The last 2 years have been really hard. I’m just trying to hold on as long as I can because my income is high relative to my NW. On the flip side, I might work 10 more. Trying to be flexible. + +My reasons for wanting to retire are multifold + +1. My job affects my mental health a lot. I just feel so much better when I’m on vacation and away from the office and away from the work stress. I’m a much happier person, my partner notices it too and says I’m a much happier person to be around when I’m away from work. This has only gotten worse as I’ve moved up in roles. When I first started my career it wasn’t so bad. Now it even affects my sleep. WFH doesn’t help this either, it actually makes it worse. It’s not the hours, it’s the pressure to succeed and the stress. I actually enjoy my work when it is lower stress periods – although not enough to spend 40 hours a week doing it. I don’t like being forced to do anything. I would consider to voluntarily work 15 hours a week even if it was unpaid, but roles like that don’t really exist for me. I don’t have enough work experience to become an independent consultant just yet, but that might be something I do down the road. +2. I want to see the world and live abroad. When I retire I will definitely move around. Having financial cushion to be flexible there helps. I don’t know for how long, or where, but FIRE gives me maximum flexibility. +3. I have a lot of hobbies and other ways to spend my time. I could sit at home for 3 months straight and not be bored. That’s not how I plan on spending retirement, but I have lots of things I want to do with my free time instead of working. +4. I probably thinking about retiring every single day. I’m actively trying to not do this, after this post and responding to comments, I won’t be coming back to this sub often. I just need to get away and focus on things outside of work to try and be happy in my day to day life. + +I want to work longer and not RE yet because + +1. I want more cushion because of my financial anxiety +2. I might want to spend more down the road +3. I’d be nervous about my ability to re-enter the workforce if I left and the market doesn’t do well +4. My income to networth ratio leads itself to saying I should push through as long as I can. If I was only making 30k a year with this stress, good chance I’d just quit and/or work part-time on something relaxing. +5. I have a hard time because I feel like I've struck a golden lotto ticket. Billions of people would kill to be in my shoes and I just feel like a big whiny pants sometimes. Why would I quit when I have such a nice income and reasonable hours? + +I don’t want kids and neither does my partner. + +**Income** + +My income has gone up a lot, and I’ve taken a different route than most people who have income jumps like this. I’ve stayed at the exact same company who has treated me well. I��ve worked hard and been promoted fast. I’ve negotiated comp three times, but not that hard. My comp might be 10k less if I hadn’t. I also compare my compensation to people at my level in the company, and I am similarly paid to them. I’ve also spoken to external recruiters, and I’m being paid fairly. I think the notion that you need to change jobs every 3 years to maximize comp isn’t true 100% the time. If you spend the time to negotiate, compare to your peers, and have a company who treats you right financially, there isn’t a need to move around. Every company is different. Some companies you may need to hop around because they will treat you poorly financially if you are there too long. I’ve worked on 3 different teams in the same company. Also, in 2019 I moved to a VVHCOL city, and my income jumped as a result. I knew the \~250k role was coming in 2020, so that’s why the expense increase was worth it. My savings rate went down, but my total savings $ went up, and I won’t retire to VVHCOL city. + +I won’t be sharing my industry or my location or any other information. + +**Expenses** + +I discovered FIRE midway through 2015 and started being more conscious of expenses then. I also had a few extra expenses such as some student debt to pay off in 2015. I was always frugal, but became a lot more focused once I figured out I could retire early. The biggest thing I changed after discovering FIRE was just cooking more. + +I didn’t go to school in the US so my education was significantly cheaper. I graduated with only a few thousand dollars of debt. My parents contributed about $8000 to my education, the rest was self-funded. Worked in high school, had internships in college, etc. + +Now my expenses are high, but of the 40k total expenses, over 2k of that is my share of the rent. I share a 1-bedroom apartment with my partner. I live in a very expensive city, but I could easily drop my expenses back down to the \~20k level by moving. + +**Investments** + +I’m roughly 50/50 VTI and VXUS. I believe in global diversification. The US has done very well lately, but that doesn’t necessarily mean it will continue to do well in the future. My investment strategy is basically to mimic the ETF VT. If US becomes a larger proportion of the global stock market, so will my portfolio. Basically what I am saying is that I don’t rebalance. I purchase ETFs every paycheck, and my strategy is just to buy to get myself closer to the VT proportion. VT is around 50/50 now, so I almost just alternate every paycheck buying VTI and VXUS. I don’t need to do anything large because as my ETFs move up and down in value, they are automatically moving towards my goal asset allocation, because my goal is a moving target. As well, my post-FIRE plans lead well to holding high amounts of VXUS as I want to have larger exposure to different currencies. + +I didn’t change anything during the brief covid recession. Just kept plugging along. + +Real estate is too much work for me. I don’t want to be a landlord. I don’t own the home I live in because I want to move often and 5 years isn’t enough for it to be worthwhile. + +**Other ideas** + +I’ve toyed with just moving abroad now, and quitting my job and accepting a lower paycheck. That might happen if someday I just can’t hold on any longer. It would be hard for me to take a lower paycheck at this time, maybe if I had a larger NW. I love where I live but I also want to see the world and live abroad. + +I’ve toyed with finding a different job that is lower stress, but I’m not sure it exists at this compensation range in my profession. I also enjoy that my hours are reasonable at my job. Sometimes I miss the days of 2015 where I made 70k a year and had no real responsibility. I worked slightly more hours back then, but I wasn’t the one who was ultimately responsible, and my work stress was significantly less. But I’d rather work 5 more years at 250k than 15 more at 70k. + +I don’t have a networth tracker. Sorry! I have no idea. They’d be guesses. + +**Summary** + +That’s it. Feel free to AMA. I was a little bit afraid to make this post because I didn't want to just be another "High income earner reaching FIRE at a young age" post, but I think the other aspects of my situation hopefully make things more interesting. I definitely recognize rationally that I've had a fortunate upbringing and am lucky to be here. + +FIRE can't control your life. Easier said than done, but I know what I need to do. I need to do things to make my daily life happier, stop daydreaming about retirement, and just be happy. I will only have my 30s once. + +Also - therapy is amazing. If you tried it before and didn't like it, try it again with a different therapist! Took me 3 or 4 to find one that clicked. +I think a lot of the current speculation about Bitcoin and Ethereum trading is based around the idea that it is catching on in Asia and that Japan officially recognized it here. I just thought I would give a few details that are important to keep in mind. I understand there are those out there who don't like to see Ethereum grouped with bitcoin, but I think in this situation it is good to look it at it simplified. + +I am posting this because it seems to me like there is this notion that Asia is suddenly on board with cryptocurrency and now this is going to open the floodgates for demand and drive prices up in a dramatic, sustainable way. And I think this might be true to a degree, but I think the process of this catching on in Japan is going to be way more sluggish than you would imagine if you base it off your experiences in the western world. + +1. It has been recognized by the Japanese government not to make it easier to obtain, but to make it possible to track all that is purchased in the country. + +2. It is NOT easy to obtain. There are only a few ways to do it. Coinbase, etc. will NOT let you purchase anything using Japanese bank accounts or Japanese issued credit cards. (They can tell which country the card belongs to.) + +3. Just to get a Japanese exchange account activated you have to be willing to jump through a million hoops. For example you have to surrender a whole ton of personal information, send photos of your govermnent issued IDs, photos of you holding them up by your face, etc. There is no way to purchase here in Japan anonymously. You also have to prove your residential address by showing it listed on your ID and successfully receiving a postcard with an activation code delivered by courier. It took about 5 days just to be able to get that far. + +4. For example, even after you finally manage to activate your account, one of the major sites, BTCbox does not let you use credit card, you HAVE to first decide how much money you want to put into your card with yen, then you have to physically go to the bank, make a bank transfer for that amount to the BTCbox account, wait for the bank transfer to go through, etc. It is a huge hassle and takes time. I mean, what a nightmare! + +5. Don't forget the social stigma, there will be lots of people who will be afraid of family finding out and will not be willing to have postcards sent to their house to confirm their account. + +6. Also, don't forget that Bitcoin, Ethereum or any other similar currency needs to be used as an actual currency, not just an investment to be viable. I think it may take a while for that to happen. I think buyers are going to be mostly buying speculatively until big corporate partners step in and start developing for it. For example, Rakuten, the Japanese company is famous for accepting bitcoin, but that is just for Rakuten USA, NOT applicable in Japan. + +7. Japan doesn't care very much about world trends, but often prefers local solutions. For example, Facebook, Instagram, etc. were crazy slow to catch on. Facebook and Instagram are only just catching on. Reddit, for example, is pretty much unheard of. Things like Whatsup and Snapchat completely failed to catch on. On the other hand, a local app called LINE is wildly popular. WAY more popular than Facebook. + + +I am just saying this to help all of you manage your expectations considering the influence of Japan over the cryptocurrency markets. I, for one, find that it is going to be a very helpful tool in sending money to the USA to pay for my student loans, and I am also investing a certain amount. But I thought maybe giving you a little peek into the reality over here would help. + +Edit: formatting +Forgive me, I'm a bit drunk as I type this. WSB wouldn't let me ask this, and I didnt know where else to turn to get some schoolin. I'm a SFT bagholder, and inspired by some old af guy I learned about on youtube, (Peter Lynch I think), i'm DCA'ing on the way down. I've read that SFT is something like 56% undervalued based on physical assets. If it were to go to zoro, would shareholders get paid out based on their actual value? Like, would I get $2 per share if the company is liquidated? Is that how this works? I have my shares in robinhood, (I know, i'm cancer) idk if that makes a difference. THanks + +&#x200B; + +Edit: BTW, I was wheeling this around $7, thats how I became a bagholder. So I guess it's kind of a related question. This was before I discovered thetagang oc +The 3 main strategies I seem to see online when it comes to rolling options you've sold that haven't gone your way are + +&#x200B; + +1. **Don't roll.** You should have picked a strike and a stock you were comfortable with. Take assignment / let shares get called away. You keep your premium and your accounting stays simple. You can always wheel the underlying if you want back in / out later. +2. **Roll for a credit or at least to break even.** If you have to push the DTE way out, so be it, but just don't lose money. Keep good acccounting and continue rolling to better strikes / dates when the underlying moves in your favor. A lot of trades can eventually be salvaged. +3. **Buy back your losers before expiration.** Expecting to win every option trade even trading at a high % OTM is unrealistic. If you buy back the option, you take a small hit, but your capital isn't tied up and you can quickly move onto the next trade. + +&#x200B; + +I kind of like the simplicity of the first strategy, but I can see the merit of the others. Is the answer a combination of these strategies? What do you guys think? +I started as Theta Gang. Sold CSP like 5 months ago. after I got pumbled I turned into a degenerate and bought calls. sold them after it got pumped and made good money. Now im doing it again with 35 27.5 August Calls. Just wondering if anyone from here is still playing it? + +TLDR: Ill probably be back in Theta Gang after i get my ass handed to me but fuck it +I get that I'd be forfeiting many small wins by having such a small window to open trades, but do you think that the large losses I'd avoid during selloffs would make up for missing those small wins? +Forgive me, I'm a bit drunk as I type this. WSB wouldn't let me ask this, and I didnt know where else to turn to get some schoolin. I'm a SFT bagholder, and inspired by some old af guy I learned about on youtube, (Peter Lynch I think), i'm DCA'ing on the way down. I've read that SFT is something like 56% undervalued based on physical assets. If it were to go to zoro, would shareholders get paid out based on their actual value? Like, would I get $2 per share if the company is liquidated? Is that how this works? I have my shares in robinhood, (I know, i'm cancer) idk if that makes a difference. THanks + +&#x200B; + +Edit: BTW, I was wheeling this around $7, thats how I became a bagholder. So I guess it's kind of a related question. This was before I discovered thetagang oc +I’ve been trading options (just buying and flipping them at the basic level) for about a year now while learning along the way. I’d like to start learning and selling covered calls now, but want to start off cautious and slow as I learn. Wondering if anyone has any suggestions on some cheaper stocks that might be good for someone in the beginning. I’ve been trading mainly NVDA, Tesla, AMD, etc- but don’t want to start out with buying 100 shares of those giants. I appreciate any sincere suggestions. +I just started selling puts this year (previously I only sold and bought calls). I sold a lot of far otm puts like two weeks out usually on decent stocks I’d be willing to hold. I typically did this on red days and usually closed out at 75% gains. Does anyone else do this pretty heavy and is it typically sustainable if you have decent management? I’m sure in a bear market you’d get pretty slaughtered but I like this strat the best out of all the options I’ve tried so far. +My parents are haulers so they're gone for days to weeks at a time, leaving me (19F) and my sister (17F) home alone. Since my sister can't drive, I'm the one who does essentially everything for the both of us; grocery shopping, driving both of us to and from work, driving us both to and from college and school, etc... our external family offers to help but they always complain when the time comes around, so I've opted out of ever asking them and just to do everything myself. + +This has begun to take its toll on me physically since I've been doing it even before my parents got into this career and I have chronic illnesses on top of all of my responsibilities. + +One of those responsibilities is cooking. Granted, my sister will also cook sometimes, but most of the time it's me coming home from one of my jobs and cooking despite being exhausted because we don't have a lot of money to continually eat out. + +My parents don't care about this though. They will spend their last cent on eating out and don't eat what's made at home. I'm tired of cooking for a family of 4 to save money, just for them to spend $60+ on food (that they won't even package the leftovers of), and then ask me for anywhere from $40 to $500 because they have no money left. I barely have any money left as it is and I need to pay for my overdue summer tuition, groceries, dog food, etc... + +They don't plan their trips when they haul either so they'll stay at expensive hotels for just one night or order out from a bunch of restaurants on the road instead of planning ahead to save some extra money. + +I'm just tired of hearing them talk about how they made over $1k from a haul but spent it all on gas, hotels, and food. + +Edit: I'm trying to get around to thanking and responding to everyone's advice but it's a bit difficult. But thank you!! I've gotten a few comments telling me that they were proud of me and that admittedly made me start to tear up, but also I got some really great advice. I'm planning on going abroad next fall semester so I already have a lot of saving to do even with the scholarships I have, but hopefully I'll be able to find some side hustles to save some more for when my sister when I'm gone, and for myself when I come back. + +Edit 2: also, I'm not always solely paying for groceries and stuff, it's just very often where I'm paying from anywhere from ~30% to 100% of these expenses. These last few weeks it has been 100% of groceries and other things I've been paying for, but it varies pretty often. They also aren't like entirely broke, they just have very little left more often than not so they have to almost immediately go back out and haul another load just to make a little more. + +TDLR; I'm tired of being asked for money by my parents even though I take care of a lot of expenses while being a full time college student and taking care of my younger sister, just for them to spend money that we need unnecessarily. I got a lot of really good advice that I'm extremely thankful for and everyone here has been so nice! +So to keep this story shortish and, hopefully, interesting lets get right into it. + +My wife found a lovely 5 bedroom house at a grand price. New build, easily within our mortgage budget but we were about 4-5 months away from having the equity in our home to pay down just the deposit. + +In comes the home builder - don't worry, we'll cover 2k legal fees, part exchange the house, and put 10k towards either the deposit or mortgage price for you, etc. Easy. + +I worked it all out that left us a cool 7k to play with even after stamp duty. Assuming our current house valued the same as it did 5 years ago. + +Well tonight well past office closing hours we get a call. Theres been a mistake, the 10k we quoted twice and signed on today is actually 5k. Now the agent I dealt with was lovely but that didn't change the fact I now had only a guaranteed 2k play money to furnish/floor a 5 bedroom house and turn the crater they call a back garden into something good - not realistic. I could gamble on getting a higher sale value on our current house but that's exactly that, a gamble. + +But here I am wondering If by calling it off and leaving them to stew have I reacted too rashly. In the grand scheme of things. Could I have made it work? Yes, but I didnt like the idea of it. + +I do like the idea of my mortgage only being 100 quid more a month for a drive, garage, 2 more bedrooms, an ensuite and even a utility room. If that was the only thing in the equation it would be an easy deal. + +But its not and I feel like a psycho squabbling over 5k. I like to pretend im good with money but I am not always, and I feel like 2k just isnt enough to keep us comfortable in case something else comes up. Might even have required hitting negative numbers just to get the house to a liveable standard. + +And now I am ranting, time to stop. +Does anyone from the US incest internationally? If so where, and why? Cash flow or appreciation? + +How difficult is it to get a property manager, tenants, etc? Thanks! +It’s 6am and you’re wide awake. **Again.** + +You went to bed at 2am, just as you have every day, and your brain’s so foggy, you can’t even remember when this all started. + +*“But I need to know.”* + +“What are the prices right now? Should I exit? Should I buy more? Is this micro-cap finally going to make the big move? Or is this the top?” + +And most important of all… + +**“Did I fucking get rugged again?”** + +This harrowing maneuver is what they call the “dance of the day trader.” “Baile del comerciante del día” as they say in El Paso. And when it ends in some **bullshit** **hack** of your favorite shitcoin that pulled all liquidity while amazingly taking down their website and telegram simultaneously **“through no fault of their own”** it can simply make you wonder how you didn’t see this all coming. + +At the same time you’re getting backdoored, **Chad Whalington is enjoying both his nice green candles and has nice comfy sleep with his nice comfy holds.** He already has full exit strategies on each of his positions and is prepared for several different outcomes. **He eats five-figure losses for breakfast and shits six-figure gains after a pre-dump cigar.** + +And he didn’t do this by copying the whales and following the pump and dump schemes. He actually did the opposite. **Chad called out the FUD, ignored the FOMO, and focused strictly on project fundamentals.** + +Is he dining on top-100 coins? Nope, still just microcap gems, he’s just the guy who knows how to avoid getting played by the big wallets. **That’s because he’s been using FERA Strategies to inform all of his decisions, letting him get back to relaxing and enjoying his money instead of just stacking it.** + +With FERA, you’ll get a community of analytically-minded traders with a set of tools developed by a **fully-doxxed team** focused on microcaps before they go **parabolic.** + +This includes **a database of low-cap projects** with dedicated reviews, ratings, and, critically, entry/exit prices so you understand what a project is actually worth before investing, rather than making wildly speculative decisions. + +By establishing criteria on each token regarding its **product, exchanges available, volume, team, tokenomics, as well as risk assessment,** there is an easy to digest system that should allow you not only to see what the strategies are on every coin, but begin to cater a plan that suits your needs and preferences. + +And again, access to many of these services is only dependent on holding a number of tokens. While entry to their Beasts Telegram where you can get advice directly from the FERA team requires holding 1M FERA tokens, it is certainly worth the price of entry given the high amounts of activity with traders who are thinking outside of the pump. + +But if you don’t want all the perks, as of yesterday, the **FERA team opened up the Lions group which requires a more modest 200k tokens**. Holders at this level will be able to discuss strategies with other experienced traders as well as participate in live AMAs hosted in the channel. **This is all done while maintaining a level of exclusivity through the token requirement which will keep out the scams and rugs and foster better collaboration.** + +And the beauty here is that all you have to do is hold the token which continues to go ballistic. While those totals sound high, **we are still sitting at a price below 2 cents a share at an absolutely tiny $2M market cap**, which, compared to all these $100M launchpads like Trustswap and Polkastarter, is an absolute dream. + +Since this solves a clear problem for the 24/7 crypto day trader by providing full strategies and not just pre-sale allocations, FERA has the potential to moonshot right past these launchpads and, once we’re in mass adoption, be featured as one of the biggest investment firms in the game. + +**Could you imagine getting a piece of Alameda before it became a “$1B an investment throw it around who the fuck cares,” kind of company? I certainly am now.** + +And always remember folks, ape together strong. If we can band together and focus strictly on data analytics, make buys and sells that are healthy and based on fundamentals, **WE can take the manipulation out of the market.** + +**Pump and dump schemes exist because we let ourselves FOMO into things and let gigantic purchases and sales dominate our psychology.** If you buy when the whale sells, it’s the whale that gets rekt, not you. If you sell when the whale buys, it’s them that will be missing out. **Technical analysis will be your friend. But FERA will be your partner.** + +Uniswap - [https://app.uniswap.org/#/swap?inputCurrency=0x539f3615c1dbafa0d008d87504667458acbd16fa](https://app.uniswap.org/#/swap?inputCurrency=0x539f3615c1dbafa0d008d87504667458acbd16fa) + +Website - [https://www.ferastrategies.com/](https://www.ferastrategies.com/) + +Platform - [https://feraplatform.com/connect](https://feraplatform.com/connect) + +CoinGecko: [https://www.coingecko.com/en/coins/fera](https://www.coingecko.com/en/coins/fera) + +Telegram: [https://t.me/ferastrategies](https://t.me/ferastrategies) + +Medium: [https://ferastrategies.medium.com/](https://ferastrategies.medium.com/) +My wife and I are expecting, and after this summers heat are starting to think how we will cool the nursury next summer. Currently there is an inwall unit in the master bedroom but nothing else. The house is a 1300 sq ft ranch with baseboard heating, so we'd need ducting and everything. We have family in the HVAC business who quoted us $6000 for the whole system which seems reasonable, and we figure we could probably get at least half that back when it comes time to sell, which will likely be within 3 years. + +So my question is based on this info would it be worth it for us to get central air? + +EDIT: Wow, can't believe all the feedback I got. A lot to think about. Thanks everyone! +By low frequency, I mean you built your trading strategy based on daily data rather than intraday data. The expected buy-sell cycle hence should roughly vary from several days to several weeks. Trading objects could be stocks, ETFs, futures, options, cryptocurrency, foreign currency. + +I personally feel these skills are important: + +- Python & R, +- Econometrics & Statistics, +- Machine learning, +- Asset pricing theories (e.g., CAPM, Option pricing), +- Macroeconomics in the short-run framework, +- Basic accounting + +There are skills I think are irrelevant to this time-frame trading strategy, but useful for other time-frame. For high frequency, +- C++, Java, +- Partial Differential Equation, +- Optimization, +- text mining. + +For extremely low frequency (holding for months or years), +- Advanced accounting +- Macroeconomics in the long-run framework, +- International Economics +- Politics +- Corporate Finance + +Other than these, what skill do you think is the most important one? Do you agree or disagree with my opinions? I really want to hear your opinions! +Today I trade about 55 ES futures contracts when I switch between long and short in my strategy. My current trade execution algorithm is pretty dumb, I place a limit order 0.25 cents below the last traded price. I'm guaranteed at least a partial fill there, but unless the trade is executing in the first or last hour of cash trading session, it usually does not fill completely. Then I wait 2 minutes, and if it still has not filled, I adjust the limit order again to 0.25 cents below market price to get more fills. I continue this 2 minute adjustment and waiting until the order has completely filled. The longest this has taken is 5 cycles during low overnight liquidity, and 3 cycles during cash session. + +In the end, my fill is usually somewhere between 0.25 and 0.5 different from the market price at the time my bot decided to trade, not too bad. But what if I were trading 10x this amount, 550 contracts? Especially during non-cash session hours, I'd be incurring major slippage of a few dollars on average which would really hurt my strategy's returns. I suppose I'll have to program the bot to trade less frequently and hold off until cash session for more liquidity or at least only try to partially scale in overnight? + +I only have 1.75M right now, but my strategy involves always being either 3x long or 3x short which is how I get to the 55 contracts (it has to go from ~27 or 28 contracts long all the way to 27 or 28 contracts short for 55ish total). What if I were trading 100M? I've tracked liquidity in the order book and even during the most liquid hours of cash session, there's at most 2500 contracts within 10 buy levels ($2.5 of market price), and often as little as 800. This means a single market order for 3200 contracts that my current strategy would trade with 100M capital would move the market $5-$10 which would obviously kill my profitability. I don't yet have this problem, and my strategy would be fairly profitable up to about $2-4 in slippage, but I'm planning ahead so I can solve this problem ahead of time. + +**TLDR** How to implement large trades in futures? Is there a better method than simply splitting trades into smaller chunks over an hour and keep adjusting limit prices to the market? + +**Edit** Thanks so much everyone for the comments and ideas! I have a lot to learn on this front as so far I have focused almost all my attention on the strategy itself and not the execution beyond the basics. I'll be looking through these ideas and responding over time as I have questions or something useful to add +^(Planned on waking up and studying...but nah gotta pause that shit to say something...) + +&#x200B; + +Woke up to ApeFest being shilled out like a mother effer. + +Seems like there are a lot of distractions these days, but I'm sure most of yall are smart enough to know that this is one. Right? Please tell me yall didn't throw money at this. + +&#x200B; + +We know Kenny and other dingus SHFs ^((I mean both "S" for shitty and short).) love a double entendre. Holy hell guys the MSM has been blasting people who are invested in GME as well as those on Reddit who are invested in GME as well as other stocks as treating the markets like a **casino.** + +&#x200B; + +&#x200B; + +[dumbshit](https://preview.redd.it/rp5rkcsdykb71.png?width=1873&format=png&auto=webp&s=d8550d8e72d9f4f44ef69c091626e33ab8a1d9a1) + +Don't you find it damn ironic that this is being held at......a casino? + +I personally would rather meet other shareholders at a shareholder meeting in the future as I'm sure other investors would. + +&#x200B; + +**From a behavior perspective** they are utilizing stimulus pairing. Basically they see Ape/Reddit/GME investor they see CASINO. Total spec here but: this is likely aimed toward psychologically creating a stimulus class in which people invested in GME are equated to those creating a casino out of the markets. Stimulus classes create the same effect on the environment. + +&#x200B; + +https://preview.redd.it/9900c2tkzkb71.png?width=565&format=png&auto=webp&s=06e374127b02ff7f2b65cee2cff55787cc4171d2 + +&#x200B; + +I'm sure you haven't signed up because you're a good boi and smarter than that, but shit just don't because it will add to anything they're trying to stir up...possibly from even a legal standpoint. Honestly there's not a better way to do that than to use concepts rooted in behaviorism to make certain stimulus pairings reinforcing to the public and themselves. +We recently became the beneficiaries of an inherited IRA, and I tell you from the tax planning the new rules of "all taxable within 10 years of passing if deceased was over 72" is really a game changer for those who still have high incomes. + +You feel the difference versus the transferred taxable accounts (step up and you can let them accrue with no forced withdrawals), and the term life insurance which just shows up as a check. + +It really made me think more about my spending in later years and running down the traditional IRA / 401k accounts and passing on the taxable ones. + +Not sure if anyone else is feeling the change with this "ten year" RMD rule. Anyone? +I'd like to see a few examples of folks that have Fire'd with a mostly-equity portfolio. For example, if someone Fire'd with a $5mm portfolio, and they are living on $200k per year, how are they actually pulling the $200k out? +What a time to be an investor. Free direct mutual fund platforms and cheap plans. More on the table for investors. Good times! + +[https://tradingqna.com/t/direct-mutual-funds-just-got-much-cheaper-vs-regular-funds/49056](https://tradingqna.com/t/direct-mutual-funds-just-got-much-cheaper-vs-regular-funds/49056) +https://thehill.com/news/house/3256370-house-approves-bill-legalizing-marijuana/amp/ + +Just a few minutes ago, the bill passed the house 220-204 with 3 republicans joining all but 2 democrats + +The measure now goes to the Senate, where Majority Leader Charles Schumer (D-N.Y.) is working with fellow Democrats to introduce a marijuana legalization bill as soon as this spring. + +But it’s not clear a bill to broadly legalize marijuana could clear the necessary 60 votes to advance in the Senate +I've been using bitcoin since the days when it was £7/btc but never had the guts to invest. A lot of my friends have though in the past month and it seems they're making decent money so I think I'm ready to take the plunge. Which currencies would you recommend to someone looking to invest about £500? (these aren't my savings and can survive losing it all, so a medium or maybe even high level of risk is acceptable) + +So far I'm considering getting some ETC, ETH, Ripple, and Golem, but to be honest I've only just started researching these recently. As much as I'm fond of BTC since it brings me back I feel like the price is too high right now, although that is what I've always though and the reason I never invested so I might be wrong. +The experts are not worried about Tether. If they were commiting fraud, Tether certainly went the extra mile to make it super transparent to all, including regulators, yet no problems have been found so far. Why panic? + https://steemit.com/cryptocurrency/@kjnk/what-the-experts-are-saying-about-tether +I think the biggest crypto hype is behind us. The meme and NFT melt-ups seems to have cooled down, leaving us with thousands projects which mostly are crap. + +At the same time there are super interesting projects that actually have a place in this world and will challenge Web2 and status quo. It reminds me of the dotcom era, which left us with some amazing companies after the largest part failed. + +I am looking for projects that are building, have real life usecase and will be around in 10 years time. So what Crypto or NFT project should I look into and tell me WHY! +We have all heard this before, right? I remember reading it first in Rich Dad Poor Dad, and I always thought to myself “wow, what a great concept!” Well as I get older (34 now) and have had time to get both my financial life in order as well as the rest of my life, I realize it’s a lot more powerful than the simplistic statement it sounds like. Having grown up as a procrastinator (I was the kid who did their homework in the class before the one it was due) this has been a long, slow change for me but also a very good one. + + +Personally, I’ve taken the FIRE approach that includes my health as well. What good is buying yourself time if it’s at your own expense? I’m sure many people have heard the phrase “at least you’ve got your health” at one time or another. That’s because at the end of the day, that’s what’s most important in life, your health! We talk about money here in /r/fi more than anything but it’s just our vehicle to enjoy more of our health, later in life. In fact, I think I’m going to start referring to it as my Whealth (make sure to pronounce the H). + + +So get to the point – to me, paying yourself first extends far beyond putting $5500 into my IRA by April, or maxing out my 401k. Those are the more simple parts of the concept that don’t take any thought or action once you set them up. What I’m talking about with paying yourself first is a lifestyle that can be applied in many parts of our lives. Some personal examples: + + +* I put my kids to bed at 8pm every night. While they brush their teeth, I brush mine. By brushing my teeth at 8pm, I get a couple of benefits. I am no longer interested in eating again for the rest of the night because then I’d have to brush my teeth & floss again, which I don’t really enjoy doing in the first place. Also, my bedtime routine is a lot more pleasant knowing I can walk upstairs and just fall into bed with no additional work, all because I paid myself first. I avoid the excess calories of an evening snack, the cost of them, the time wasted, and the negative impact on my bedtime routine (it wakes me up for some reason). + + +* Making lunch the night before/after dinner. Getting up early sucks, and waiting until I’m about to walk out the door to make lunch for myself is a recipe for whealth disaster. When I inevitably go to work without lunch, I’m taking the double hit of unhealthy food that costs so much more than the leftovers or PB&J I was going to make. Not to mention the fact that I have to drive 7 miles each way to a place to buy non gas-station food. + + +* Getting gas on the way home from work. This one is more of a sanity cost where often I’ll pass up gas because “I can make it until tomorrow and I don’t feel like doing it now” that ends up with me getting gas in colder, often shitty weather conditions the next morning AND potentially making me late for work. This one also ties in with my “don’t be a victim” mentality.* + + +* Working out at 5am. Man, this one sucks. I hate waking up early but I can say a couple of positives about doing this. There is no way for you to “run out of time” to workout when you take this approach. There is the super health benefit of getting that workout done, there is the mental boost of starting out your day having completed such a task, and you get some quality “me” time to focus on yourself. The alternative usually looks like “Today was a rough day… I’m pretty tired. I’ll just make sure I hit it tomorrow instead.” And then life happens and you miss 2x, 3x, etc. Pay yourself first. +At the end of the day, what else are you doing with your time? For myself and I’m sure many others, it involves playing video games or watching tv mindlessly. By investing in myself early, the only things I miss out on are the things that I find myself not missing. I never regret not playing video games 3 weeks ago, but I have often regret not working out or eating healthier sooner. Set yourself up for success and pay yourself first. + + +I could go on and on, but the gist of it is: when you pay yourself first, you make your future self happy. A little pain now truly pays dividends and for me and has improved my general well-being as well as my approach to life. After reaching this point, the financial side of preparing for FIRE becomes a no-brainer. Build your whealth! J + +*If people found value in this post, I’ve got some other topics I could write about and share. +I pay 2.2% yearly interest rate for my mortgage loan. Considering that market is very expensive right now, maybe it's a good idea to pay that off? + + +Or it really doesn't matter for a passive investor in what state the stock market is? +AFAIK [VWCE](https://www.justetf.com/en/etf-profile.html?query=vwce&groupField=index&from=search&isin=IE00BK5BQT80) \- is denominated in USD, isn't that a risk? Why is then recommended here instead of some EUR denominated index fund ? +Hi! I'm a foreign student studying in Milan for six months as a part of the exchange program of my university in Munich. I've rented a room with my girlfriend and because of our poor knowledge of Italian laws we got into quite a mess. +Our landlord promised us he was going to come over the apartment only once or twice a month and therefore we would have it all for ourselves, now it turns out he rented the other room to somebody we don't even know. He also told us he works as a reporter in Rome, but the contract states that he is serving military duty there. +We found out he wrote that the rent (700€) is actually 350€ rent and 350€ services. +I asked him for a receipt of both things separately and he told me that I have to pay 1.81€ every time I want a receipt, and because we are two people living in the room we HAVE to pay twice. +About the services he told me that because of privacy reasons he can't share the information of why exactly he charges us 350€! +We don't know what do to, we wanted to get a lawyer involved, but since we are students and foreigners in this country we don't want to get scammed again, maybe a German lawyer would be a better option since I study there and can explain the situation much better.. + +TL;DR: Italian landlord has been lying to us about the conditions of the rent and he doesn't want to give us receipts because of "privacy" reasons and we're pretty much getting scammed +so, I am 15 years old, I live in Belgium, and I want to start investing. I have no experience, but I already have an account on trading 212, which my mom made for me. I don't know where to start and my mom wants me to have some concrete stocks to invest in, and how long that I will hold them for. Is there anyone that can advise me on this topic, because I have no clue where to start in this huge topic... + + +Thanks in advance! +*TL;DR: Sus wants OCC to act as its personal insurance/rainy day account in the event they get caught at the Casino betting more than the house. They are avoiding margin call just as much as Citadel. If 003 passes, they not only get margin called along with Citadel, they are subject to the exact same panty raid that will befall Kenny and all his belongings in his golden kingdom. Sus only has a kingdom on paper, and as long as the rules stand as currently written. If you change the rules, they are no longer players in the game. Their comment seeks to stop that.* + +In the hours and days following my post [Susquehanna is Sus](https://www.reddit.com/r/Wallstreetbetsnew/comments/mli9vf/susquehanna_is_sus_the_missing_michael_burrys/?utm_medium=android_app&utm_source=share) going up, we have learned, in short, that they are [V sus.](http://imgur.com/a/EzZB2vv) + +Then I read the Susquehanna International Group comments on SR-OCC-2021-801 🧐 Which was [passed today.](https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.sec.gov/rules/sro/occ/2021/34-91491.pdf&ved=2ahUKEwiQxrPNvu3vAhVbbc0KHQzvAXYQFjAAegQIBxAC&usg=AOvVaw3XnWmA5OCyUF1ZoToM3B8L) + +So let’s talk about OCC 801 first. What it *DOESN’T* do is margin call anybody. Let’s be clear about that. The margin call rule is the **NSCC**801. The 801 of today is not a standalone catalyst. What it *does* do is open for discussion the rule (003) that will build a firewall of protection around OCC’s other members; i.e. protection from the flames of a burning hedgie(s). + +Members of the OCC pay into a community pot. If any player gets sent directly to jail, the OCC draws from this free parking loot bag and pays up the damages, as a hedge of protections and form of insurance for all the “innocent” members. OCC is the custodian of this account. + +Now, members still have access to however much they’ve contributed to this pot, but what SR-OCC-2021-004 does, is starts talking about an auction process for liquidating Kenny boy’s assets to pay his debts instead of pulling from OCC funds first, which is a big statement. That, in my opinion, will be the catalyst. + +Ok so I’m getting sidetracked. We came here to shit talk Susquehanna. + +They decided to bitch about SR-OCC-2021-801/003. + +But... I thought we were talking about OCC-801? Why moar numbers, pink?!?!? 😭 + +Because think of it this way. OCC-801 is Pikachu. OCC-003 is [Raichu](http://imgur.com/a/Z5d1tH9). So 801 is the first evolution of the rule. (Which was approved by SEC today!) The middle of this evolution is the discovery period wherein the public can make comments. THIS IS WHERE SUS COMES IN. And eventually the evolution completes with the passing of rule 003/Raichu. This is extremely generalized but you get the idea. The fact that Sus commented means that 003 is now delayed until May 31 (*DO NOT GIVE A SECOND THOUGHT TO THIS DATE OUTSIDE OF ITS INTENDED MEANING*). This rule was originally set to automatically take effect in April. + +So Susquehanna International Group filed a comment. That means the train is fucking halted until the issues raised are addressed. What are the issues raised? I won’t bore you with their unnecessarily big words. Basically; + +Sus wants OCC shareholders to get burned the worst and carry the most consequences (and pay the repercussions) in the event of a member default, instead of the member themselves being the one burned to the ground. Remember that free parking pot of money? Sus claims that violates one of OCC’s rule - 17A(b)(3)(F)- and pretty much is under-regulated and carries too much incentive for the OCC to keep in the current account, as is. (Essentially saying it becomes a net positive on their books, thus benefitting the shareholders by making the OCC appear more fiscally valuable on paper.) Sus claims the money should rightfully be moved to a more restricted, controlled account, which does not contribute to the OCC books, and only pays out in the event of a member default. + +This comment is a desperate attempt to find issue where there should be none. They attempt to pin it on the fact that SLDs would raise the fees per transaction. What they’re really saying if you read between the lines is, please don’t pass this rule. If you pass this, we r fuk 2. + +All this comment did was perhaps bring about a minor amendment to 003 before its passing. It also kicked that can down the road to May 31 before it will automatically pass, but I have no doubt it will enact much sooner *because it can be approved and enacted at anytime*. OCC is lining up their hedge of protection from the hedgie fire by approving the rules in this way. They are literally building a moat around their castle. + +In my opinion, the OCC is frantically trying to get their moat built before the fire rages. That's why we're seeing stale price action and volume right now. They are delaying the inevitable while they get these ducks (rules) in a row. Signing off on the 003 rule is essentially saying "ok we've done all we can to prepare. We're ready." They have duct tape over the hole in the titanic. Or maybe it's flex seal. Either way, the titanic is still going down. + +**Remember the scene in the Big Short where Dr. Burry is trying to exit his positions but the bank won’t call him back for days because they are setting themselves up a lifeboat before allowing anyone else on. This is precisely what we are witnessing now.** +Hi all, + +I grew up in a poor, financial illiterate household, and worked like crazy from 15 till now. I have around 30k in savings and want to take risks. I'm a young male, 23, finished uni and headed into higher paying work. All of the advice I see on Reddit usually pertains to Americans (max out 401k and Roth IRA etc). I want to know how an Aussie can get ahead. + +What do I have access to right now to make my life more fruitful. I want to know more about the following things. + I'd like to know WHAT I can do, and WHY it is worth doing. Examples below - please correct if they are dodgy: + + Salary sacrifice: Reduce total income from employer by putting money into super. Tax burden is lessened. + + ETF investment: Savings accounts typically grow at below 3 percent in a year. Inflation goes up by a similar amount. Some ETFs return a lot higher than this, but are of course risky. + + I want to know about: + First home owners grant. + Instant asset write-off and government business support. + Optional super contributions. +Etc etc. + Any other schemes and gov programs I can get into. + + Cheers! +I have an opportunity to invest in a restaurant. I think it's a bad idea and will very likely not invest but would like to discuss it if anyone here has experience in the food industry. + +It's not a high end restaurant backed by a michelin starred/celebrity chef or anything, it's being opened by a group of 4 friends and will probably be in the $$ price range. + +What I'm sensing though is that food prices are going through the roof. I think beef alone is up 30% this year and I see many restaurants struggling and closing right now as fewer people go out to eat due to real economic slowdown and perceived fears of further inflation and economic recession. + +They seem to think that it's a good time to open a restaurant because renting a space is cheap... but it's cheap because of mass vacancies which can't be good for restaurants either, right? Also, I see "help wanted" signs at almost every single business I go to, and for the first time in my life I'm seeing signs at restaurants saying "apologies for the delay, we're understaffed" + +What are people's thoughts on the current state of restaurants? I think $$$$ places are doing fine because rich people still have money to go out, but normal restaurants are suffering in my opinion. +I hope this is the right place to get help. My brother in law suggested I try reddit.com for help with trying to recover any amount of money my husband may have used with bitcoin and Google led me to this page. Ive tried my best to figure this out on my own but this bitcoin stuff is confusing and I just get angry and cry. All I want to do is recover any money he may have spent on bitcoin and be done with it. + +My husband died of a heartattack two weeks ago and he was our family's only source of income while I stayed home with our daughter. He was only 37 so his death was very unexpected. While going through our safe I found a ziplock bag with the word bitcoin written on it and a USB thumbdrive inside. There was also a card with a bunch of words written on it and a 5-digit number. + +The thumbdrive has a little screen and two buttons on it. When I plug it in my computer doesnt seem to recognize it. It looks like it wants me to enter a password but I cant seem to get past the first digit. Im hoping the 5 digit number written on the card is his password but its like its missing a button or something. + +I need help getting the bitcoins off of this thumbdrive and then help figuring out how to cash them out. + +Thank you +Sara + +NEW: Hi everyone. Thank you so much for the replies. I thought my post got deleted because my brother in law checked it out after I posted it and it only said [removed]. I had almost lost hope until i decided to check again. Im working through the steps now and will followup once ive made some progress. + +NEW2: With the help of the users in this forum they identified the thumbdrive as a Ledger Nano S and I now have access to my husbands bitcoins ($1500!). My next step is to figure out how to sell them. Thanks for everyones help so far! + +FINAL UPDATE: Ive started the process of setting up a Coinbase account and getting verified. It seems like that is the easiest place to handle the transfer. Ive received a lot of really great youtube videos that should get me through the rest. + +I see a lot of people suggesting I hold onto the bitcoin because the market is down but I'm not in a situation where I have that luxury. The funeral ate into the little savings we had and Im now responsible for all the bills. And to the people who keep saying im doing this for karma, Im not here for your donations so you can keep your karma/bitcoin/whatever. + +Once I've figured out the Coinbase stuff and taken care of his bitcoin, Ill go through the other wallets? on his ledger to see if there are any other bitcoins in them. People have also recommended I visit a few sites on his computer to see if there are any saved logins so I'll do that too at some point. If I run into any issues I know where to come for help! + +One last thing before I go. PLEASE make sure you have a plan in place to handle these kinds of things in case you suffer an accident or pass away. I had almost given up because I didnt know what I was doing and there is nothing simple about bitcoin. Dont leave your loved ones in the same situation as me. Learn from this and protect yourselves. Give your children a big hug too. + +Thanks for sticking with me. +Sara +I'm pretty sure this is a bad idea. + +This is in Florida and I'm pretty sure he can't lose his house over his unsecured CC debt unless he does something dumb like take out a home equity loan to pay off the CC debt. **Which he already did.** Or sell the house to pay off the CC debt and move to a rental, which he is planning to do now. + +* Late 50s + +* Earns 40k/yr + * Above poverty line, is currently receiving no government assistance + +* 50k in CC debt, struggling to make minimum payments + * Probably has another 50k in other, lower interest debt + * Call it 100k debt total + +* Only asset is his house, valued 300k, 120k equity + * Drained his retirement account to purchase (lost like 50% to penalties and taxes) + * Needs major plumbing work, 10k+, cannot afford + * Bad credit, unlikely to obtain another mortgage + +* Unemployable outside of his current job. + * Cannot move to LCOL + * Cannot increase salary + +The rental he's looking at moving into, after selling his house to pay off his credit card debt, costs more than his current mortgage (plus solar panel) payment. This seems like a quick ticket to retirement as homeless on the streets. + +Am I wrong here, or should he do everything possible to stay in this house? + +What can I do to help him keep his house? +I've had 20k in their target retirement date 2050 fund since April and added another 10k a few months ago. Right now I have $30,004 in there... I wish I had just saved myself the trouble and collected the 1% interest from my bank account! This is the first time I've ever invested money btw. + +I've also got money in a Roth IRA and a Trad IRA in the same target retirement fund. Should I start looking elsewhere or stick it out? People in this sub recommended my current strategy with Vanguard since I'm not interested in an actively managed portfolio. +Not hyping, but was noticing that due to the low ass Volume over the recent past; the "Days To Cover" has been creeping up. Currently in Fidelity it just hit **10** Days to Cover for the Short Ratio. + +Per [Investopedia](https://www.investopedia.com/terms/d/daystocover.asp): + +>A high days-to-cover measurement can signal a potential short squeeze. + +Now, I've heard that >=10-12 is significant (but no real evidence to back it up) so take it with a grain of salt. Basically, I'm just bringing it up as a notification. + +P.S. I've not see it this high in my tracking (since ~Jan 2022) from my screenshots where I was capturing the Quote/CTB. So, others with historical data could chime in with more data if desired (I *believe* WeBull User's can get past data in a Chart) + +[Sauce](https://imgur.com/a/OKYgUTC) + +Much Love!! 💓💓💓 + + +Edit: Adding Some comparisons: + +* SPY: 2.00 + +* Towel: 0.96 + +* PopCorn: 3.52 + +* Apple: 1.25 + +* Tesla: 1.00 + +* XRT: 4.75 (Also note it has a Short % of **511.68%**... lol) +I've only recently gotten into the stockmarket and because I just don't have the money to throw multiple k's at something I got interested in penny stocks. I put a few dollars on two stocks and am enjoying watching them. +At the same time I am working through some books so that I actually know what I'm doing as I do intend to get into it a bit more eventually. But for now I'm having fun. +So far I've made a whole $1,13 in profit! Maximum gainzzz :P + +Love this sub and really impressed by the quality DD. Thanks everyone! +Guten Morgen to this global band of Apes! 👋🦍 + +With the weekend launch of the GameStop Wallet, one of the final pieces is in place for GameStop to roll out their full NFT marketplace. I am incredibly excited about the potential that this has to bring a huge number of people into Web3, through a trusted source such as GameStop. With L2 fees being so low, there is a low-barrier entrance and a huge world of possibilities. Of course, the most important part is to create a compelling and trustworthy path forward, and that is where the team that Ryan Cohen has assembled comes in. They have partnered with established experts across the space, working closely to ensure that when this launches it will be the perfect foundation for the future offerings. + +Meanwhile, Ken Griffin has been furiously trying to spin a narrative in which we are responsible for the losses that Melvin Capital incurred with their investors' money. He is quick to gloss over the exorbitant fees that Melvin collected while taking enormous risks. Risks that eventually led to Melvin's spectacular downfall. Ken doesn't want that to be seen as the cause, since that is exactly the same thing that he has done with his clients' money. Citadel and the other Institutional Shorts took out enormously risky positions against GameStop, because they were *certain* that (in partnership with a complicit Board of Directors and BCG) they could drive GameStop into bankruptcy and profit from the downfall of another company. They have collected fees all the while, and the day of reckoning is fast approaching. Their investors will never be whole, and it will be the downfall of the SHFs. Kenneth Griffin is desperate to have his investors blame anyone but him. + +Today is Monday, May 23rd, 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: **$98.10 / 92,75 €** *(volume: 1965)* +- 🟥 115 minutes in: $97.68 / 92,35 € *(volume: 1909)* +- ⬜ 110 minutes in: $98.11 / 92,76 € *(volume: 1747)* +- 🟩 105 minutes in: $98.11 / 92,76 € *(volume: 1747)* +- ⬜ 100 minutes in: $98.11 / 92,76 € *(volume: 1713)* +- ⬜ 95 minutes in: $98.11 / 92,76 € *(volume: 1702)* +- 🟩 90 minutes in: $98.11 / 92,76 € *(volume: 1702)* +- ⬜ 85 minutes in: $98.11 / 92,75 € *(volume: 1656)* +- 🟩 80 minutes in: $98.11 / 92,75 € *(volume: 1641)* +- 🟥 75 minutes in: $98.07 / 92,72 € *(volume: 1600)* +- 🟩 70 minutes in: $98.19 / 92,83 € *(volume: 1501)* +- 🟩 65 minutes in: $98.11 / 92,76 € *(volume: 1353)* +- ⬜ 60 minutes in: $98.11 / 92,76 € *(volume: 1338)* +- 🟥 55 minutes in: $98.11 / 92,76 € *(volume: 1329)* +- ⬜ 50 minutes in: $98.11 / 92,76 € *(volume: 1258)* +- 🟩 45 minutes in: $98.11 / 92,76 € *(volume: 1246)* +- ⬜ 40 minutes in: $98.11 / 92,76 € *(volume: 1245)* +- ⬜ 35 minutes in: $98.11 / 92,76 € *(volume: 1226)* +- 🟩 30 minutes in: $98.11 / 92,76 € *(volume: 1193)* +- 🟩 25 minutes in: $97.85 / 92,51 € *(volume: 1179)* +- 🟩 20 minutes in: $97.85 / 92,51 € *(volume: 1178)* +- 🟥 15 minutes in: $96.48 / 91,21 € *(volume: 734)* +- 🟩 10 minutes in: $97.00 / 91,70 € *(volume: 428)* +- 🟩 5 minutes in: $95.49 / 90,28 € *(volume: 266)* +- 🟥 0 minutes in: $95.49 / 90,28 € *(volume: 166)* +- 🟥 US close price: $95.66 / 90,44 € *($95.34 / 90,14 € 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 1.0577. 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! +We need to stop saying that you don't own bitcoin if you don't control the private keys. + + + It's really really hard for the normal person (think parents, siblings, co-workers) to secure the private keys, and use bitcoin at the same time, cold wallets are easy, sure. + +My 2 cents +I grew up with a single parent, dad left when I was around 1 years old. + +I lack confidence, and sort of awkward in the sense of being quiet around people, and keeping to myself. People at work tell me to loosen up, but it's just the way I am. + +I think not having a dad/parents that were really part of my life affected me. No one really gave me life advice or showed me how to be a man. So what I did was indulge myself with video games, playing 16+ hours from 5-19 years old. Sometimes almost all day, not eating much, etc. + +I'm 22 years old working a construction job (not something I want to do forever). + +Was on and off with school. Spent two years learning automotive and accounting, they turned out not being for me. + +Going to school this fall, taking IT classes for the first time and a math class. + + I have always been intrigued with computers, learning how to fix them, etc. So I feel like I'll give IT a shot this semester, then move into cybersecurity. + + Because at this point I feel like I'm wasting my life away. I just want to find something I enjoy and can be passionate about. It would be nice to have a good career and make a decent amount of money so I'm not stressed out like how I see my mom. She wanted me to co-sign on the mortgage. She doesn't even talk to me now, like really? All I can do is pay rent and try to better myself. Hopefully, I can do something about moving forward with my life so I can afford therapy or something. + + My sister is turning 30 this year, and still lives at home. Doesn't pay rent.. and it feels like if I don't figure something out, I'll be like her. On top of that, I found out my father is homeless.. he was never really there in my life and it's hard to feel anything but it makes me wonder if I'll be homeless one day too. + +Would be nice to have my own place, learn how to be financially smart about owning a house, etc and actually be an independent adult. + +Should I see how IT classes go for me? Or Just join the military? I was thinking Air Force, but then I heard they give you a list of the jobs your qualify for, and they randomly pick want is available. Which sort of sucks, because I would like to do something IT/cyber security related. So I may look more into the Navy since my recuiter says he can gurantee me a job, he been calling me every week so far. I did bad on the practice test last month at the recuiters office but ended up getting a 89 on the offical ASVAB. +Like anyone else here, I make my own decisions about my own investments. I don't care to be part of any movement. I have no leaders, nor do I want any. + +This is a forum for people who like buying, holding and talking about GameStop stock. + +People on Wall Street do this every day with many thousands of different stocks, and have done so for more than a century. + +In this forum, there is a mountain of research showing clearly how Wall Street has been manipulating GameStop's stock for years, and continues to do so in broad daylight. + +That criminal manipulation involved naked short selling billions of counterfeit shares of GameStop to dilute it's share price and drive the company into the dirt. Like they did to Sears, Toys R Us, and countless other companies. + +Bankrupting GameStop was the ultimate goal of these naked short sellers. That way, they don't have to buy back the untold millions, perhaps billions of counterfeit shares they sold. + +Well that didn't happen and now some big players on Wall Street who can only be described as *dumb as fuck money*, are stuck in a real doozy of a short position. + +Everybody knows the rules, and Wall Street broke those rules back in January. Because like the inside-traders in the Congress and the Fed, they clearly don't give a fuck about the rules - and neither do the regulators. + +It's painfully obvious to everyone there are two sets of rules operating here - one for Wall Street, and one for the little guy. + +The short sellers made a bet, and they lost. Instead of paying up and having a little less money in their dragon's hoard, more than a dozen of them, including Citadel, Robinhood, and the DTCC, colluded to turn off the buy button on the 28th, and made trades based on the knowledge that this would tank GameStop's stock price. This is an unprecedented crime against retail investors, which again - happened broad daylight. + +These same millionaires and billionaires went on to lie under oath before Congress. + +The SEC has taken no substantial action for almost a year now. + +Nobody went to prison, and nothing fundamentally changed. + +That's all. +https://www.afr.com/companies/financial-services/cba-may-ask-struggling-customers-to-downsize-20200825-p55p0s + +Commonwealth Bank says its most over-leveraged borrowers – those whose prospects for returning to work after the coronavirus look the bleakest – could be encouraged to downsize the family home or sell multiple investment properties. + +Angus Sullivan, head of CBA's retail bank, reassured all struggling borrowers that it won't move too quickly to force them into making tough decisions, and it wants to maintain a close dialogue to understand the pressures on each customer. + +CBA has been conducting check-ins with 135,000 borrowers with deferred mortgage repayments and remains willing to extend loan deferrals, on a case-by-case basis, beyond the March expiry of the prudential regulator's leniency, Mr Sullivan said. + +But a subset of borrowers will require conversations about "alternative solution paths", he said, as CBA makes individual assessments about borrowers' prospects of returning to work. + +"If you had a lot of debt from [buying at the peak of the market] and you were in a difficult position from an employment perspective, [downsizing] would be exactly the type of solution that would be worth having a discussion about," he told The Australian Financial Review. + +Mr Sullivan acknowledged some owner-occupiers with mortgage repayments too big to service would need to consider selling and moving to a smaller home on a lower mortgage. + +The bank would carefully manage such conversations, he said. Of its deferred loans, 72 per cent of borrowers are owner-occupiers. + + If I can get one message to all CBA customers out there who have a mortgage and are under strain, it is: be in dialogue with us. + + — Angus Sullivan, head of CBA's retail bank + +"That is a hugely stressful thing for a family to go through. We can empathise with that at a personal level," he said. + +"We know most people don't make a decision like that quickly, they need quality and often repeated conversations to form the conclusion that is the best thing for them. We can support them through, and that is the reason we have geared up resources." + +With property investors representing 28 per cent of its deferred loans, Mr Sullivan said those with multiple investment properties who are "in a position of real [financial] strain", could be told that an extended deferral "might not be the best solution". + +The bank's message could be: "The property market is holding up pretty well, you may want to make the decision to liquidate one of your investment properties and put yourself on a stronger footing." + +Mr Sullivan said CBA will have more than 250,000 conversations with customers between now and the end of the year, when it expects the "majority" of those with paused repayments to have started paying something – even if it is just interest – compared with 25 per cent now. + +CBA's triage process after the recent earnings result showed deferred loan numbers are coming down. + +CBA has increased its hardship and collections team from 650 to 1700 people and is using better data tools to assess customer circumstances. More than 30 per cent of customers with deferred loans have less than 20 per cent equity in their property. +Tough conversations + +The hardest conversations will involve customers who have "really stretched themselves from a borrowing perspective, and that would most likely be folks who came into homes in the most recent cohorts, with property prices at their peak in 2017". + +"But if I can get one message to all CBA customers out there who have a mortgage and are under strain, it is: be in dialogue with us," Mr Sullivan said. + +"There are a range of solutions, it is not one-size-fits-all. We have a really good process to work with customers to work out what is the best path for them and us." + +CBA said at its full-year results on August 12 it considers 16,200 of its 135,000 home loan customers with paused repayments at "higher risk" of defaulting. + +The Australian Securities and Investments Commission said the following day that lenders’ processes should be "flexible and empower staff to offer tailored assistance that genuinely addresses the needs of the consumer". + +ASIC said it expects lenders "to make all reasonable efforts to work with consumers to keep them in their homes if that is in their best interests", while also recognising "there will likely be some circumstances where offering a consumer further temporary assistance may make their situation worse". + +Mr Sullivan said decisions made by CBA would not be motivated by additional capital the bank would need to hold for loans formally in "arrears", when the Australian Prudential Regulation Authority removes its special treatment at the end of March. + +"The capital treatment won't be a trigger for us to treat our customers differently," he said. + +At its full-year results, which showed mortgage lending growth at 1.3 times the average of competitors and record growth in deposits, CBA said it would encourage challenged customers to shift to fixed rate loans of 2.29 per cent and repay only interest. + +"That gives us quite a lot of scope to support customers to stay in their home, because even with the modest drops in rental yields ... you are not moving out of home and into a rented property and saving a lot of money," Mr Sullivan said. + +National Australia Bank chief executive Ross McEwan said on August 14 that NAB would also take "every reasonable step to keep people in homes, [but] we all know there will be some circumstances where people are better off selling up early and taking some equity out of their homes, or keeping some equity before it disappears, and that’s what we will work with every individual customer on". + +In Melbourne, Mr Sullivan said there had been a "modest" increase in CBA customers asking for loan deferrals, but the overall number was still falling as more borrowers around Australia got back on track. + +"I know what is happening in Melbourne is very hard for folks down there, and they are doing it tough, but what we are seeing from deferral requests is only a modest impact." +Hi Everyone +Just looking for some advice here. My husband and I are dinks, we both make 6 figure incomes and we practice borderline stealth wealth. We live in a middle class neighborhood, our car is our only splurge. (2017 Luxury sedan) + + + +As much as my husband is on board with FI and our current SR of 50%+, he has days where he has major financial insecurities. + +His parents often make fun of the neighborhood we live in, asking why we don't have a huge lot etc. We don't have kids and our brand new townhouse is literally more house than we need. We custom built/finished it to our liking. + + +I personally hate discussing finances with friends so if ever I downplay something financially or travel wise my husband gets a little upset. He always says things like: + +"People will think we're poor because you told them we retracted our bid on the cruise for a better room" + +"Why do we live here?? Our neighbors say if they could move into that better neighborhood, they would! We CAN and we're not!" + +"Imagine if our friends made what we do?! They wouldn't be living like this!" + + +(I always agree and remind him that most people would spend all they earn and be working for the man for 40 years. Thats not what I want) + + +My husband also thinks in our friend circle if people bring up financial hardships that they're implying that WE have them too or that our friends want to hear about our tough times, even though we're fortunate enough to not have them. + + +This financial insecurity was installed in him by his father who always programmed him to think that he wasn't good enough and what we had isn't good enough. Keep in mind, my husband's father went bankrupt 3 times and couldn't pay his mortgage and always needs money from us. + +I find this ironic that my husband will let someone get to him so bad, when that person has zero financial understanding. + +He says all the time: + +"If our friends made what we made, they would not be living like us -nobody would." + + +We're 29 and 32. If we stay on track we can retire in 5 years. We don't plan to quit work in 5 years because we both love our jobs and work together. Everything after that is icing on the cake. We know the juice will be worth the squeeze but in the meantime I could use some advice. + + +When we were younger and still making good money, people would ask is to do things like...my brother asking us to paint his house, my aunt asking us to help demo hers for less than min wage or for free. We DID and DO do play down a lot and I feel that's why we do receive certain comments or people feel they can talk to us a certain way. Me personally, I find it hilarious when an aunt who makes $20k/year asks us to paint her house for $5/hr when we make 6 figures and we're stockpiling investments. My husband on the other hand finds it degrading. + +I try to practice stealth wealth mostly for one reason. I feel when people know what you have or if you boast, you literally loose friends. I feel people get jealous and evil so therefore I choose to act as if we're middle class. It's nobody's business and I find it tacky to talk about money with anyone other than reddit. Lol + +He finds it hard that we live so well below our means but friends are booking trip after trip and he thinks sometimes we should be the ones doing that. + +How can I help my husband from veering down the path of financial insecurity? + +He literally thinks people go around thinking that we're poor. ( I know nobody cares, and even if they did- I could care less what people think) lol + +How can I help him not go down this path? +75% of the time he's 110% on board but some days it's just an awful feat to pull him out of the mental financial insecurity rut which is usually triggered by a comment from someone else. + +Any advice would be so appreciated. + +Thanks!! + +***EDIT**** My reponse to everyone's input: + +https://www.reddit.com/r/financialindependence/comments/7cpy29/so_has_financial_insecurity/dpti82f +I was interested in the formulas and math behind social security today. It is kind of interesting, and totally subject to change, but understanding the system at a basic level can help you on your path to FIRE. + +**TL;DR**: There is a pretty significant advantage in hitting your qualification for SS benefits (40 credits). The next threshold to hit is the $895 AIME first bend cut off. The added value of working past that decreases substantially. + +A few things first + +* There are positive and negative scalars that adjust your monthly payout between ages 62 and 70, with the base being 67. All numbers below assume age 67 benefits. +* You need 40 credits to qualify for SS income. You can earn up to 4 credits per year worked, and each credit requires some amount of income. You need to make a little over $5000 per year to earn all four credits in a year in 2018. + +The motivation behind this study is to determine how valuable SS payments are. For example, if your SS gives you $1000 per month, we can use the 4% rule and determine that the SS payment is worth about $300,000. + +How is Social Security Calculated? + +* If you have less than 40 credits, you get nothing. +* If you have more than 40 credits, your AIME is calculated by taking your average monthly earnings from your 35 highest earning years, adding zeros if necessary. +* You run your AIME through a formula similar to a tax table: Take 90% of the first $895, then 32% of the next $4500 or so, and then 15% for everything after that. There is a cap somewhere I think. The sum of these numbers is your PIA, which is basically your payment per month if you begin withdrawals at age 67. +* If you begin withdrawals at age 62 you get only 70% (for the rest of your life), if you wait until 70 you get 124% (for the rest of your life) + +Great so that is how it works. Now lets see what each additional year of work really means for me (our example). + +This is my social security earnings table pulled from the social security website, rounded, and context added. + +Year| Taxable Income | Credits | Job +---|---|---- | ----- +2012| $5000| 4 | Cashier +2013| $0| 0 | College +2014| $15000| 4 | Internship +2015| $31000| 4 | Programmer +2016| $72000| 4 | Programmer +2017| $83000| 4 | Programmer + +So right now I am sitting at 20 credits, I am not eligible for social security. If I was eligible today, my AIME would be $489 per month, and the payout would be 90% of that, yielding $440 per month. This is worth about $132,000 using the 4% rule. Assuming of course I waited until age 67. + +This chart shows the value at different age brackets: https://i.imgur.com/L4VUKea.png + +Ok, so that is pretty substantial. With two years of working in a post college job, and some work done before I've "saved" $132,000 more *retirement dollars* than I actually thought. Wait, not really. I am not qualified for that money, so it technically doesn't exist unless I work until I hit 40 credits. + +So if I work until I get 40 credits, it will take me (20/4) = 5 more years, or until I hit $5000 earned income in 2022 (adjusting for inflation as needed). + +What will my retirement benefits be worth then when I qualify for them, assuming I make the same wage as 2017? + +Year|Extra Years|Monthly Payout|Value @ Age 67|Qualified|Value Add| +--:|--:|--:|--:|:-:|--:| +2018|0|$440.00|$132,000.00|FALSE|$59,400.00| +2019|1|$617.00|$185,100.00|FALSE|$59,400.00| +2020|2|$794.00|$238,200.00|FALSE|$59,400.00| +2021|3|$864.00|$259,200.00|FALSE|$59,400.00| +2022|4|$927.00|$278,100.00|FALSE|$59,400.00| +2023|5|$990.00|$297,000.00|TRUE|$18,900.00​| + + +When I finally qualify in the middle of 2022, i'll be eligible for $930 in monthly payments, or $280,000 in SS equivalent wealth. The key significant part of this though is that, my value added to my SS benefits allocation is actually $59,400 per year! + +**How is this possible?** + +Because the final value at 40 credits is nearly $300,000 and I won't be eligible at all unless I hit 40 credits. So each year between now and 40 credits are worth an even share of the value. Theoretically in my last year, working that year will be worth all $300,000. The math is simple: if I work that year I'll have $300,000 worth of retirement income, if I don't I'll have nothing. + +**Takeaway Number 1: Be sure you qualify for SS if possible. The savings are significant** + +If you retire before you hit 40 credits, adding small part time work to get the credits needed, could be worth significantly more than your check from the actual job. + +So what about after that? How much is each year worth once you've already qualified? + +The system drops off quickly once you meet two thresholds, the $895 AIME cutoff (I hit this in my first 10 years), and the qualification cutoff. + +You retain 90% of your earned income average up to that $895 value. After that you retain only 32% of each dollar up to about $5400 per month, and 15% over that. + +For me personally, my value added drops to about $19,000 per year until I hit the upper threshold in around 2043, then it drops to about $9000 per year. + +So you might be thinking, $19,000 that is pretty good per year. I might work longer. But remember this isn't the same as savings in today's money. This is the "after growth" value. It is what you would theoretically have at age 67, removing all inflation. Lets see how much money we would need to invest in the S&P500 to get that same $19,000 for working one year. + +I'll be age 32 when I jump down to the $19,000 per year threshold. At that time I'll be 35 years away from retirement. + +My theoretical return on an investment, after inflation, would be (1.07)^35 = 10.68. + +So if we divide $19,000 by 10.68 we get our true equivalent savings rate: $1779 per year. Probably not enough to keep me in the work force. + +Applying this method to the SS value added in the first phase (qualifying) and we can see effective additional savings of $5,000 or more. + +**Takeaway Number 2: Social Security Benefits ramp down quickly after you qualify** + +That pretty much sums up what I know. Please share corrections, and other knowledge I've missed. + +Value Total By Year Worked: https://i.imgur.com/rbWsNXw.png + +Value Added Per Year: https://i.imgur.com/QnRymMW.png + +S&P500 Invested Equivalents Per Year To Match SS: https://i.imgur.com/aTwiIgA.png + +Sheet with some formulas, feel free to make a copy: https://docs.google.com/spreadsheets/d/1TxNpdIsOIuJO_4DtPj5_tuT04cLT4IKRKRl-y9ACFd0/edit?usp=sharing +What is your companies maternity leave policy? + +My company offers 12 weeks at 90% pay and then 27 weeks at stat pay \~140/week, it tapers to unpaid leave. + +I've heard this is bad because it's an American based company. Wondering if it's worth trying to find a better company as I look to mat leave. +I've already read the advise against co-signing in this forum, but I'm having emotional feelings about my current situation and need some objective advice. + +so here's the situation. My daughter who just turned 19 has been with her 25 year old boyfriend now for a year. she is twitterpated beyond reason, and believes that he is the one. It is her first serious boyfriend. I just got a new job and I will be relocating 3 hours North. she wants to move in with her boyfriend, and stay in her current location as she has a couple of minimum-wage jobs and is going to school although she has already informed me that she will be dropping school to work. + +they have been looking for apartments to move into together, and because they both do not have any credit history rental history or verifiable income, plus she's under 21, they are not getting anyone to want to rent to them. + +So now the next step that they're asking me is to co-sign. I know this is a bad idea, and I'm not super fond of the boyfriend, but because of my new work situation having to move out of the area I am wondering if I'm leaving my daughter in the lurch. We have off her to put her on campus at her University and move her into a dorm, but she doesn't want that she wants to be with her boyfriend 24/7. + +Thoughts? I know the answer here, but need some objective advice. + +ETA: well holy forking shirt balls, did this ever blow up. thank you so much to everyone who contributed your precious time on a Sunday to give me some great thoughts on this somewhat awkward and painful situation. I really appreciate appreciate the time and effort that you so many of you put into your answers, and I absolutely 100% appreciate the fact that you were kind enough to give me information that has helped me stick to my guns on this decision. I will come back an update if there's any updates to be had, but again thank you so much. +[Good evening r\/Superstonk, Jellyfish back with you with an inflation update! ](https://i.redd.it/fp1191y5y9b71.gif) + +EDIT: Thank you u/Surplus3lf for being a kiwi on the ground and updating: It is the Reserve Bank of New Zealand (not the bank of New Zealand as I have miss labeled in the title.) + +AND + +>And in terms of the acknowledging the housing bubble is not a new concept over here. 28.7% increase throughout nz from June2020-june2021 is clearly unsustainable and have been mentioned multiple times the last year. + +END OF EDIT + +First, the conclusion. + +# All of this is happening in the backdrop of the Fed still plowing away with [$120 billion in assets purchases each month](https://www.wsj.com/articles/central-bank-will-begin-reducing-bond-purchases-well-before-raising-interest-rates-powell-says-11618421656): + +https://i.redd.it/hoxnxj1uy9b71.gif + +$40 billion a month in mortgage-backed securities. This will continue to depress mortgage rates and **only continues to add gasoline to the inflation fire**. + +$80 billion in Treasury securities a month (with policy rates near 0%): represses short-term and long-term interest rates in general, and inflates asset prices and consumer prices, which **further DESTROYS the purchasing power of the dollar**. + +While the rest of the world's banks are acting, The Fed still claims this inflation is “transitory.” + +Hell or high water, they seem intent on trying to follow the playbook from the last crisis: + +1. End asset purchases. +2. After the balance sheets quit growing then hike rates. +3. *maybe* shrink the balance sheet after raising rates. + +This approach worked 'well' last time because inflation was so low. [As we have seen](https://www.reddit.com/r/Superstonk/comments/ok45ql/inflation_alert_a_dive_into_yesterdays_cpi_report/), that is not the environment we are in at this time--people's mindsets have changed about inflation, these prices are getting paid and inflation is running rampant! + +However, while the Fed is asleep at the printer, [other world banks are acting](https://www.reddit.com/r/Superstonk/comments/ofe7s8/inflation_alert_by_request_of_uanonymousname_and/), with today seeing Canada and New Zealand take action. + +# Canada + +https://i.redd.it/mlp3kxdqz9b71.gif + +[“The factors pushing up inflation are transitory, but their persistence and magnitude are uncertain,” Err, How can something that is supposed to be temporary uncertain in size and length?????](https://preview.redd.it/th1r2hi71ab71.png?width=771&format=png&auto=webp&s=df03e11983831f3c714f8e92e7b74615abe0c0f1) + +The Bank of Canada announced it is reducing its purchases of Government of Canada bonds to C$2 billion a week, (previously C$3 billion a week). It noted inflation has risen 3.6% year-over-year. + +This is in the face of the previous action: + +Canada announced the first reduction in QE back in October last year, from C$5 billion to C$4 billion, when it also ended buying mortgage-backed securities. In March 2021, it started unwinding its liquidity facilities, citing [“moral hazard”](https://www.bankofcanada.ca/2021/03/market-stress-relief-role-bank-canadas-balance-sheet/) as the reason. In April, it announced a further reduction, to C$3 billion, citing [“signs of extrapolative expectations and speculative behavior”](https://www.theglobeandmail.com/business/article-bank-of-canada-governor-says-red-hot-housing-market-showing-signs-of/) in the housing market. + +[https:\/\/www.bankofcanada.ca\/rates\/banking-and-financial-statistics\/bank-of-canada-assets-and-liabilities-weekly-formerly-b2\/](https://preview.redd.it/c1x4dj7n1ab71.png?width=700&format=png&auto=webp&s=9a1dee5315c8082b2549865c8d8244acc3e1f85e) + +# New Zeland (New entrant!) + +https://i.redd.it/s0ngwc9z1ab71.gif + +[https:\/\/www.rbnz.govt.nz\/news\/2021\/07\/monetary-stimulus-reduced](https://preview.redd.it/5x5l61n22ab71.png?width=870&format=png&auto=webp&s=e71fa37b5de5aa8544c4f425d89f2a1d91fdb51e) + +Ummm, wow, this is a 180 from JPow is telling us! + +The statement said that in addition to **“near-term spikes in headline CPI inflation,” driven by “one-off” or “temporary” events, it expects “more persistent consumer price inflation pressure” to build over time “due to rising domestic capacity pressures and growing labor shortages.”** + +**HOLY HELL, they acknowledge the housing bubble!** + +**“The Committee agreed \[with the government\] that the recent rate of growth in house prices remains unsustainable.”** + +Are the acknowledging rate hikes are coming?: “any future increases in mortgage rates will further dampen house price growth,” + +Lastly, “The Committee agreed that a ‘least regrets’ policy now implied that the significant level of monetary support in place since mid-2020 could be reduced sooner, so as to minimize the risk of not meeting its mandate.” + +[Tiny Balance Sheet](https://preview.redd.it/97am1mdt2ab71.png?width=1758&format=png&auto=webp&s=8040d40c770bfcb048113bfc3fcbca253f4997db) + +New Zealand, you may be tiny, but the are the most proactive steps (along with Canada) that we have seen taken to address this issue. Again, all while JPow cranks the money printer! + +[You know I just really wanted to drop it in again.... ](https://i.redd.it/g0xul4803ab71.gif) + +[ Thanks for dropping by and taking a dive! Please let me know if you have any questions or areas to explore, happy to try and help! ](https://i.redd.it/0ffnvdp33ab71.gif) +ARKK is now -50% YTD. + +Website still says -29% YTD on 3/31/22. + +Oh, I thought, maybe they just don't update the website every week? Nope. The NAV and daily return are updated daily on the website. Yet the YTD calc is almost 5 weeks stale. So, are they deliberately not updating this YTD for almost a week and counting? + +Shame ! +Didn't know how best to title this. Scenario is as follows… + +My parents had created a PPF account for me when I was born and had invested in it religiously every year (god bless them!). I started working 5 or so years ago but till now, I hadn't done anything with/about it and it continued as usual (father investing/managing it) + +But now, I've taken over investing in it and will be managing it on my own. So had a few questions about it: + +1. Do I have to report the interest received in my ITR right now or only show it as tax-free income when I withdraw it (won't be for a few decades) ? +2. If i have to start reporting right now, what about the last so many years? Is there some rectification that needs to be done? +3. How do I know if my PAN is linked to the account? If it is not, how do I link it? Had already noticed two mistakes in the account details (birth date, account start date were wrong). Got the birth date rectified immediately, yet to rectify the account start date (if it even can be rectified). +4. Apart from these, are there any other formalities that I would have to do? + +Thanks a lot in advance. +People are going crazy in the market since last week regarding the IPO of India’s second largest card issuer and claiming that it is exactly like IRCTC IPO. Word on the street is stock issue is grossly undervalued, grey market has priced it at 950-1000 levels. +I didn’t want to invest in it but after reading the numbers, I am interested and I think i will put decent amount of capital in it. I think my emotions are getting better of me due to hearing about the stock in every second conversation and just want the piece of the action now. + +Are you guys going balls deep or staying put? + +Update: The price band for SBI Cards and Payment Services IPO has been fixed at Rs 750-755 per share. +The slower I’d consider going. I know it’s a painful statement but trying to intraday trade or scalp on a $10k account is not a very reliable approach to developing wealth. It’s a bit of a conundrum: when we start we want things to move quickly but tend to have limited capital. Want to develop wealth? Accept that $5k you’re starting with is no where near enough to turn into your future fortune. Focus on developing strategies and skill sets that you can reliably apply as you continue to save and build your account. + +Options can be a tremendous source of income once you have a developed account and sound approach. Don’t get in your own way but rushing, taking unnecessary risk to try and make more now. +Like logins, secret code.. passwords.. +This is all growing and I'm starting to find encrypted notepad on my phone inefficient and unsafe and paper is prone to damage + +There's more and more apps and accounts we are making, for instance a Isa or shares Isa.. +Bank account, savings, nope investing accounts, 5 checking accounts... Online billings accounts, lights water electricity.. Payslips... card details + +I feel like my money is going into these things and in 20 years time I'll probably, forget, lose access to these + +So how do you store relevant information about your accounts? + +EDIT: on second thoughts why is paper not ideal? I have a printed a4 personal journal/diary that is in immaculate condition for the 20 years I've had it. Keep it in a fire proof wallet.. Is that a bad idea??? + +BTW I don't write out my full passwords, I write the beginning of them as reminders for what they could be +I got an email from my employer that told me to add them to my auto insurance without any explanation as to why. I drive my own personal vehicle, not a company car, and it seems weird for them to be asking this and I don’t feel comfortable. Does anyone know why an employer would be asking this? +It seems we now get SEVERAL posts daily about how we shouldn't be miserly, we should ensure we're happy now instead of only in the future, etc. We get a ton of posts from people discovering that allowing themselves to spend a little money now keeps them sane, like it's this giant revelation. + +Those posts are inundated with a thousand echoes of "yeah, everyone here is so focused on retiring, but you could die before you spend it all!" + +We used to be able to point to the sticky and say "we know, it's stickies for a reason." I feel like since the sticky came down, we're inundated with this stuff now. Let's get it back up there. The AMAs are infrequent enough that they could easily go in the sidebar. +Can we discuss ideas for Christmas gifts for the FatFire crowd? It is so hard to find gifts for people who can buy whatever they want. I'm hoping to find ideas for things that my husband doesn't know about or wouldn't think of. + + +These are my current ideas: + +\- Luxurious luggage (he has practical luggage, but maybe he would enjoy something with more luxurious?) + +\- Outdoor wine glasses for patio parties: [https://www.westelm.com/products/w-p-porter-glass-bundle-set-of-2-d8020](https://www.westelm.com/products/w-p-porter-glass-bundle-set-of-2-d8020) + +\- Boat table: [https://docktailbar.com/products/docktail-bar-1](https://docktailbar.com/products/docktail-bar-1) + +&#x200B; + +What ideas do you guys have? +I think we've all experienced it; when you had no money you wanted money & when you reached your FF goal it was more than likely very underwhelming & you wish you had more time. + +This seems to be the sobering reality of needing not to check your bank statements ever again & vacationing / spending as you please. At first this is great or as I often say; it was great. When the lights are off at the end of a day however and I lay asking myself what truly makes YOU happy? I can't find an answer . I have a wonderful relationship with my family , a beautiful home & caring friendships with good mates but would love to hear how some of you deal with a void that cannot be filled & money cannot fix. + +Cheers +One of my new year resolution is to complete our estate planning. I told my spouse that if we didn’t get our act together, our parents (who are awful in financial management) will be handling this for our kiddo. All years of sacrifice and working will go to their control instead of the future of our kiddo. That gets us moving. + +Having said this, I am stuck in a couple of points: + +1. Distribution for the kiddo. +One of the option is all for age 25 or half for age 25 and then 30. What could have gone wrong here by giving a lot of money to a 25 year old? We choose all for age 25 because the estate executioner we selected will be fairly old by then and we shouldn’t burden them. + +2. Power of attorney for financial and medical. Honestly, it’s hard to find someone we trust. Do you skip this or just randomly name a friend or family member? + +I suppose we should just do it and revise later. This will make me sleep better at night. +I was reviewing my November Robinhood statement and saw some strange activity - buying, cancel buys (BCXL) and selling small amounts of GME and BB, landing me a whopping $0.27 profit. This definitely wasn't me and I don't even have BB in my portfolio at all. I have a very boring portfolio with standard stocks, no fancy options ever. This is the only month this has ever happened. + +I figured it was some strange fraud attempt and did all the usual security stuff, but then noticed two even weirder things. 1) There is NO other indication that this activity ever happened. No notifications, no emails, nothing in my "history" and 2) my partner had the same weird micro transactions on his account in November, too. + +Uhhh, what? Can other people check if there was random activity recently in their accounts that ONLY showed up on their statement? What is this? + +EDIT: Waiting for confirmation from RH, but I’m pretty sure me and my partner’s issue was a trade correction from trades I made earlier in the year. I don’t hold the stock anymore but I did in the past and so did he. I suspect this is the case for most folks who had a similar issue, though some say they NEVER held the stock so… good luck with that. + +All that said, it’s incredible that RH wouldn’t inform users that they would be doing this, because as a lot of other commenters thought, it looks a lot like fraudulent trading! I’m a very casual, low stakes investor so RH worked for me. I’ll definitely be changing brokerages now. Better late than never. +Bitcoin dropped to 16.5k today. 16.5k guys... everyone is running around like their hair is on fire. +I’ve only been on the HODL train for a little over a month and this sub has convinced me to expect and not worry about dips like this. It’s only been a month for me and I’m not panicked, why is everyone else? + +I was bracing for dips down to 11 or 12k. We’re up here hovering around 17k and acting like the world is going to end. + +Coinbase isn’t a big deal, BCH isn’t a big deal. Bitcoin has seen worse and continues to grow, I for one will be buying this dip, because BCH isn’t the gold standard for Crypto Currency. Bitcoin is. + +Edit: I slept on this, and realized this morning that maybe it isn’t all panic, it’s just calling a spade a spade. There isn’t necessarily a ton of panic selling, but mostly calling Coinbase on their BS. Which, is a good thing. There is little regulation to hold them accountable, so their customers have to. I’ll still stress not to panic and to keep on HODLing, but, we can also do that while calling out some shady business tactics. +Yeah retards, you just got called out on CNBC by Cole Smead \[who?\] + +“They are buying bullish call options that expire inside two weeks. There was ($500 billion) of bullish call options bought in a four-week stretch by small retail traders,” Smead said. \[The horror!\] + +Well Mr Smead, WTF do you expect them to do? Work for minimum wage on zero hours in the gig economy? Go to college, rack up 300k debt and find no jobs ‘cause no experience’? + +[Young and dumb](https://www.cnbc.com/2020/10/15/smead-nightmare-us-stock-valuations-driven-by-young-dumb-investors.html) + +&#x200B; + +https://preview.redd.it/v9hyjt5rn8t51.png?width=2160&format=png&auto=webp&s=3e2f28c796b70aab068f46602066afb8b5757595 + +&#x200B; +I’m big into Qualcomm ($QCOM). I think they’re massively undervalued for their currents prospects, but also for their continued growth potential and their upcoming superiority in the 5G market (I’ll leave it at that so this doesn’t get mistaken for a pump post). + +Basically, I know the bull case. I am long shares and I have LEAPs. But hoping someone can give me the bear case just so I know I’m not missing anything. + +Any and all thoughts welcome. Thank you in advance. +I have plenty of cash on hand and have always lived by the "cash is king" mentality and to take money when it is cheap. In this case, my car loan is relatively cheap, however, if I pay it off now I will save roughly $2k over the life of the remaining load. Pay it off or hold onto the cash and continue to make payments? + +&#x200B; + +Edit: Wow, I got way more responses than I thought I would. Thanks a lot for your advice!! +**TL;DR:** There is to many shenanigans, and to many unrelated anomalies occurring for shorts to have covered. Read the damn list. + +Whattup apes, I don't normally actively post, I prefer to scroll through for the memes and look for confirmation bias in well written DD. It's my turn to contribute to the community. Over the last few days, Superstonk has been bombarded with some craziness that can't be explained. Let's clear the air. + +Occasionally, apes will loosen their grips on their diamond hands, and this is **something that we can never do.** (In this instance, we indicates "retail traders" and none of this is financial advice, even though the SEC has never done anything important, not one time since its founding, literally ever, but that's besides the point). I digress. Anyways, whether it be FUD, boredom, FOMO on other opportunities, etc., **apes must never release their diamond grip.** There will never be another GME. There will never be another opportunity like this, because the SEC and rule makers are going to step in and protect their rich, asshole friends to make sure they never lose this amount of money again. I would be surprised if anyone went to jail after this is all said and done. Once again, I am cynical and absolutely would love to be pleasantly surprised, but the wealthy protect the wealthy. + +Let me propose to you a couple metaphorical questions. If apes were barking up the wrong tree, and this was all for nothing, then what the hell is actually going on here? Let's review some of the situations that apes have been tested on so far, and you'll be rest assured that we are on the right track, and the correct thing to do is hold until your face is red and your hands are bleeding. + +&#x200B; + +* If GME wasn't about to break the market, why the hell did they turn the buy button off in late January? This was unprecedented, and nothing was ever done about it. (**BTW**, **FOR THE LOVE OF ALL THINGS HOLY, PLEASE PLEASE PLEASE LEAVE ROBINHOOD. DO NOT LET THEM TAKE ANOTHER CENT FROM YOU. SERIOUSLY, THE TRANSFER TAKES 48 HOURS, AND THE MOASS WILL LAST FOR DAYS/WEEKS. YOU ARE A TRUE TARD IF YOU'RE STILL ON RH)** All we got from regulators and Congress was a dog and pony show on why retail investing can be risky and should be regulated. +* If the thesis was wrong, and shorts covered, then why the hell is there **NOTHING** but FUD articles taking a crap all over our favorite stock? Seriously, the ratio of positive to negative articles must be 1:15, and we only get the one short, pointless article when it's a face ripping 30% up in a day. +* If shorts covered, why is there a constant stream of shills and bots running over our subreddits? Bots were prevalent before, but this is unprecedented. Shoutout to the mods for their hard work. +* If shorts covered, why did WSB abruptly change, have a meltdown, and remove DD posts about GME? (This one will certainly ruffle some feathers, I know ZJZ lurks here, but it my **OPINION** that the sub is a husk of its former self) The content there no longer seems as organic as it used to be. This is not an attack on WSB, we wouldn't be here without it, but its changed undoubtedly. I still love the idiots over there that YOLO. +* If shorts covered, why did Ken have five lawyers in the room with him during the Congressional hearing? An honest man who has done nothing wrong would not need advisors. +* If shorts covered, why did DFV exercise his call options, and buy more? That man is not in the business of losing money, and has been on the winning side of the GME bet since Day 1. +* If shorts covered, why would Ryan Cohen consistently reference bears doing dumb, foolish things in his tweets? Why would Ryan Cohen, the man who built his business off the grounds of pleasing customers and shareholders, take time out of his busy day to send cryptic messages? Additionally, why would Gamestop's official page constantly drop ads that contain key words related to and merchandise that references apes, the moon, etc.? +* If shorts covered, **what the shit** happened February 23rd and 24th? Somebody was out for blood and wanted everyone to know that GME's story was not dead, was not over, and to keep your head on straight. That's the type of price action we'll see during the MOASS when Citadel and friends lose. +* If shorts covered, what happened March 10th, where GME gained over 90% in two days, and **FLASH CRASHED** to $180 in thirty minutes, losing over 50% of its value? I have never, in my life, seen something so aggressively be driven into the ground. Someone was very scared of $350 per share. I watched that day in disbelief, and yet we still closed green. +* If shorts covered, why were prominent DD writers and wrinkle brains being threatened? Why were some attempted to be recruited to bat for the other team? Why would someone waste time, energy, and **money** to try and change the sentiment on our favorite stock? +* If shorts covered, why did Citadel sell $600 million dollars worth of bonds? Admittedly, companies do issue bonds regularly, but the timing in this instance is very odd. +* If shorts covered, why did Melvin Capital's Gabriel Plotkin get bailed out by Point 72 and Citadel? Was it because their institutions were at risk should Gaby be margin called? +* If the god danged shorts covered their outrageous positions, why the hell were major financial institutions, stock exchanges, and hedge funds working until the wee hours of the morning in their offices last weekend, in the middle of a pandemic? Google geolocation data confirms this. What do they know, that retail hasn't uncovered yet? +* If the shorts covered, why the hell is the DTCC proposing new rules as fast as the printer can print them? Along with this, why swear the SEC head in so suddenly, on a Saturday? It sounds like it must be pretty damn important. +* If shorts covered, why is GME consistently running out of shares to borrow on the trackers that apes like to check? This, along with the absurdly low borrow rate also seems suspicious. +* If shorts covered, why are they watching this subreddit like a hawk? Google trend data showed Superstonk trending in Chicago one day after Superstonk split from /r/GME. Why watch this sub if you closed your position? (**Sup hedgefund employees, you can be a whistleblower and make millions of dollars by** [clicking this link](https://www.sec.gov/whistleblower/submit-a-tip)**. But, you better hurry, time is running out**). + +There is speculation in my bulleted list. I am aware of this, and I do not care. If you care enough, please go find the DD related to it, and change your opinion. But really, can one attribute all of this to mere coincidence? The odds of that are not improbable, they are impossible. There is something bigger going on here, and apes are going to shake the banana tree until it breaks. + +Apes will not sell, and apes will not be manipulated. Retail investors are smarter than we have been given credit for, and the house of cards is getting ready to crumble. When this is all said and done, I will be weary of any investing done in the American market until a more transparent system is implemented. I think big changes are coming, and that if I do invest again after this, I will manage my own portfolio. I have learned so much from this saga, and to be honest, it makes me sick. We have been robbed blind for years, for a measly 7% yearly return with the hope to one day be able to retire and live off $2500 a month. Fuck that. The time of the ape is here. This will build generational wealth, and no other opportunity will ever present itself like this again. + +Peace out, and tendies for all.✌ +So this is the time of year when people report the following: + +- they recently filed their federal income taxes electronically + +- they just received a 1099B document from their bank / brokerage and didn't include that in their tax filing + +- they want to know their responsibilities and options + +So, in no particular order, things to know: + +- You can't electronically revise your return, or otherwise request a do-over, except via the amendment process. + +- You can and actually should file an amendment to your tax return if your tax liability increased as a result of this. But you may have to do that on paper, if your tax-filing software doesn't yet support doing that electronically, and you need to wait until the IRS processes your return. You'd also pay the money due at that time. https://www.irs.gov/taxtopics/tc308 + +- If you don't amend your return, the IRS will eventually send you a letter noting that you forgot to declare this income, and so they are billing you for the money you owe them, plus interest and possibly minimal penalties. https://www.irs.gov/faqs/irs-procedures/collection-procedural-questions/collection-procedural-questions-3 + +For the vast majority of people in this situation, there is no need to panic. Suppose that you had $100 in interest, dividends or short-term capital gains that you forgot to include in your tax return as taxable income to you. You would owe your marginal tax rate on that, possibly $22 or so but it varies. The IRS would send you a note later in the year asking for that $22 + not much more in interest and penalties, and you would pay it at that time. You are not going to owe massive fines or go to jail. + +Now, if your 1099B reports tens of thousand of short-term capital gains from daytrading or some such thing, then you could be looking at some significant additional liability, so then the interest and penalties would be more substantial. (In particular, if you were still a dependent, then this can get unexpectedly expensive.) + +Note that there is no need to file an amendment if your liability didn't increase, e.g. if you got a 1099B showing a net loss. You might want to do so to get a refund, but you don't have to. + +Additional note: we also get people asking whether they need to upgrade to a more expensive version of tax prep software in order to file a return with 1099B capital gains. While that's a personal decision about preference in tax software, in general, you don't want to pay for a $70 version of TurboTax to report $20 in capital gains. Use a different program. +In November of 2013, Adam Welsh made the first and historic trip and purchased a Chicken Bacon Ranch Sandwich Meal at my Subway Restaurant in Allentown, PA. The cost at the time was $12.35 or 0.04 BTC. + +Today, 0.04 BTC = approx $280. + +Original Post (from 4 years ago): +https://www.reddit.com/r/Bitcoin/comments/1q52tt/subway_accepting_bitcoins/ + +Adam had recorded the entire transaction here: +https://www.youtube.com/watch?v=zWsd1WwhhNg + +4 years later, we still accept Bitcoin as form of payment! Can we get some other Subway's onboard?!?! + +Edit: To the Moon! + + + + +If I were competing to buy a house, I would want all the other buyers (specifically looking at the same house as me) to spend their money elsewhere, not drive up the price on the 1 house I want/need... Maybe I'd try to persuade them to look at these other houses outside of town, or maybe need some TLC, or maybe don't have the acreage, or less bedrooms. + +This is SUPERSTONK. There is only 1 stonk here!! +So anyway I put in another buy order for GME through Computershare today. Hopefully you dumb regards won't close any shorts to drive up the price on me before Thursday... + +I guess there's like 6 other way better deals I'm totally missing out on today... 🤷‍♂️ + +Edit: a word. +Hello, fellow apes, + +I hope you are all finding something else to do during the weekend now that we cannot keep watching GME ticker all day long. +One of the reasons I love this community is how international it is, I see apes from Australia, Canada, Ireland, Euroape, and of course Americans. I never heard of Syrian apes so I decided to just say what's on my mind. + +I don't care how much traffic this post gets, I want to thank you all, I come from a fucked up country (in case you haven't heard yet lol) corruption is at its highest, our dictator just won rigged elections with "95%" of the votes, it is a sad country and we are slowly losing hope changing this reality, after 8 years the situation is only getting worst. + +But here I feel different, here I feel like I have a chance to fight injustice, a chance to change, I feel that indeed when people come together we can achieve something big. I am holding not only to fuck hedgies up but because I am tired, I am tired of dirty politicians, of corruption, of people stealing from us, and I am tired of this reality of injustice, I am holding my x share (lol) because it gives me hope, it gives me the chance to be the change in this fucked up world we live in. + +Stay strong apes🦍🦍 + +Edit: you guys always overwhelm me. Thank you so much for all the heartwarming comments! +xxxNifty is a developing adult NFT platform that aims to bridge the gap between cryptocurrency and the adult industry for users and artists alike. As you can see on their website, xxxNifty have artists and users who are already reaping what they have to offer. Gem Stoned, Sinn Sage, Bonni Good for instance are some of the content creators with countless more to come. Large partnerships are also in the making. If you’re interested, you can see more of the artists here: + +https://www.xxxnifty.com/adult-content-creators/. + +The dev team is very active in the TG answering questions from the community and making sure investors feel safe. Just last night there was a contract migration professionally done by the devs. They took a snapshot and all the holders were airdropped the new NSFW token. All we had to do was to put the new contract address in our wallets. The migration was needed because the community asked for a tax system and after several polls and voicechats with the devs they decided to put the 6% tax system in place showing that they have a very dedicated developer team who listens to their holders. + +As of now, application for **CoinMarketCap** as well as the registration for **Coinhunt** has been completed. xxxNifty has also been published on **CoinGecko** in **LESS THAN ONE DAY**. There is so much more in discussion so if you have any further questions, feel free to pop in TG chat. I’m sure the dev and the community are more than happy to answer them :) Become part of an ever-growing community today! + +✅ List of things are in progress: + +Big star incoming! +Tik Tok & YouTube marketing. +Poocoin banner ad finalisation (already paid) +Only fans work in discussion. +Talks with big studio in LA with models. +More models incoming! +CoinMarketCap listing pending. +Burn mechanism when buying NFTs incoming. + +🪙 NEW Tokenomics: + +6% redistribution: 2% LP liquidity, 2% holders, 2% marketing budget. + +🔥 Fully minted. + +🔥 PancakeSwap liquidity: + +60% of Pre-Sale will be LOCKED 🔒 for 6 Months + +🔥 Total supply: + +69,696,969,420 + +🌐 Website: + +https://xxxNifty.com/ + +📝 NEW Token address: + +0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3 + +🥞 PancakeSwap (6-7% slippage): + +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3 + +💬 Telegram: + +https://t.me/xxxNifty + +🕊 Twitter: + +https://twitter.com/xxxNifty + +👾 Discord: + +https://discord.gg/wAXuEEtDRW +Seems interesting to me that all of these hedge funds are literally training GME holders how to spot their bullshit. This new generation of investors have come to the market because of their hate for hedge funds because we all lived through 2008 and it seems like every time we try to get a leg up we get fucked. Think about it. + +I am no pro at trading but the amount that I have learned in a short amount of time astounds me. What if this is the markets way of instilling trust in a new generation? Maybe this post should have been in shower thoughts. + +EDIT: My fat fingers always hit the wrong buttons and you can’t edit the title :( +There is something which I have never understood in Economics, who are the wealth creators in society? + +In a service sector economy like Great Britain there are lot of business services companies which help make things more efficient (consultancy), add things up (audit), help sell more (marketing) etc. + +However, from what I can tell they don't actually create wealth? Suppose I am the owner of Debenhams (UK version of Macy's), I hire a consultancy to make a more efficient supply chain, auditor to keep finances in better order and marketing agency to sell more goods. + +Hopefully, I have therefore: + +1. Cut costs +2. Understand my company finances better +3. Sold more items + +But have I created wealth? For myself yes, but for the economy? + +All I can see is that my actions, if successful, would bring me greater market share & revenue by depriving the other companies who have not made similar successful actions as me. + +TLDR: How is wealth created (not accumulated from elsewhere) by individuals/organisations in a service based economy? +I am new at investing (started in 2021) and have never had to invest in a bear market (or recession). So far my portfolio is mostly VTI (about 85%). The other 15% is various other ETFs (e.g. VUG, BUG, etc.). + +Every couple of months, I put a portion of my savings into VTI. Assuming we are heading into a bearish market though, I wonder if I should put it into something else that will outperform VTI? Just to be clear, I am not planning to sell my VTI stocks, but just wondering if I should start investing my savings into some other ETFs that will outperform VTI. + +I've been doing a lot of research on which stocks to choose during a bear market and my understanding is that I should avoid growth stocks and instead, choose value stocks and companies that produce consumer staples (food, beverages, toothpaste, soap, etc.) like Johnson&Johnson, Coke, Pepsi, etc. + +I was looking at the holdings for VTI and it seems that it has a lot of tech stocks (Apple, Microsoft, Google, Amazon, Tesla, etc.). Given that SCHD has more value stocks in its holdings ([https://www.schwabassetmanagement.com/products/schd](https://www.schwabassetmanagement.com/products/schd)), I wonder if I should start putting money into it instead of VTI? It also pays a higher dividend which might offset some of my loses during the bear market. + +I tried to see how well SCHD performed in the last major recession (2007-2009) to compare with VTI but since SCHD was created in 2011, I couldn't find this out. + +Thanks! +I am 22 years old and after learning as much as I can from the internet. I have decided to take the jump and invest a small amount of my salary into an ETF. + +The ETF I am investing into is called the iShares MSCI World Islamic ETF. It’s ticker is ISDW. + +I am using Trading 212 ISA account . + +My first investment is £1000 and will be followed by £100 monthly. I appreciate any advice or criticisms . Thank you +So I'm curious. + +When one considers the Dividend Fallacy Theory, why would anyone consider investing in a high yielding dividend portfolio over a modern portfolio or growth? (VTI/VXUS/E.C.T.) + + +With the price of the share dropping as much as the dividend payout, can anyone explain why this would make sense unless you are near retirement? +Are etfs like vanguard and s&p worth getting a good amount of for investments capable of sitting for 5-10 years? Are there other etfs or investments that would be good for long term growth? +I’m trying to balance my investments with my conscience. I’m new to ETFs and I’m looking for one or two to invest in long term. + +My favourite at the moment is the iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) + +The problem with this is that it hasn’t been around for long so I can’t get a good idea of how it would have performed in previous markets but it’s similar to the other MSCI all world ETFs, so based on that I would assume it would have faired quite similarly. + +Looking for any funds that can compete with this one that I can research before making my decision. +There are two reasons for this: + +1) Most any value created in all other industries ends up boiling down to tech advancements. Hotels, Finance, Medicine, etc... You have algos and tech breakthroughs driving all the increases in profitability in those fields and nearly anything else you might think of. Quantum computing, whatever the new thing is after neural networks, better energy production, etc... these will be the primary drivers of every percent increase in every industry in SPY, VTI, or whatever else you think is 'conservative,' 'sensible,' 'diversified,' or whatever. In the end, you're just hoping for tech trickle down. Other than that, VT has some modernization needing to happen in some underdeveloped countries. Past those two factors, really, what growth are you banking on? Inflation. + +2) Along those lines, *if* tech stops developing, your other allocations won't matter. Maybe you'd get some money from your Brazil and other developing market funds, but without tech leaps continuing to happen, society and humanity would be stagnating so completely that whatever you picked is likely to drag. + +So, if you've got at least 10-20 years ahead of you, XT, KOMP, or whatever diversified tech bets you like (SMH, probably) are really one of the most conservative bets you could make. If they don't grow, you need to worry about the horsemen of the apocalypse or else the total decadence of all human endeavors more than your stock portfolio, and it's likely nothing else you might have picked was profitable in that time frame anyway. + +Counterpoint: I could see an argument for lots of leverage on a broad index that benefits from inflation. So the /r/LETF crowd or the SPY LEAP people might end up doing fine in the above scenario, or investing Ex-Tech. + +**TL;DR: The only hopes for stock growth in forseeable future are Tech, underdeveloped countries, and inflation. That's basically it. Of all those, tech is likely to get you the most profit.** +I have BLOK, ARK W, Q, G, F and PRNT. I’m now looking to put the same amount as I have in these combined into something safe for balance. I’m 38. Good job and just bought a house. Have an emergency fund. I also plan on making regular monthly contributions. Any suggestions? Thanks in advance +Hey guys, pretty simple question, nothing more to it really. + +I have a brokerage account with both of equal weight and rethinking my decision. Wanted to field the community on thoughts. Thank you. +1. I put 40,000 into VOO, VT, and VUG a couple weeks ago. I'm new to all of this but I read A LOT and these seemed fairly safe. I'm down about $1400 in that time period and to be honest I'm freaking out. Sorry to sound naive. I don't plan to touch it for 20-25 years but maybe because it went south so quickly I'm feeling concerned. Any advice? +I am a 35YO and I have never been into stock market or similar investments; Real estate only. Now I am considering it and I had a call with a financial advisor who recommended me Mutual Funds instead of ETFs for the market entry. Need your suggestions on this. I was almost set on VTI and VXUS as 70%, 30% of my portfolio. + +P.S: I do not live In the US. +To add: The world’s ninth-richest person believes in his friend’s car company. At today's Tesla's valuation, Larry Ellison's stake would mean that he owns 1.7% of the company. + +[https://www.marketwatch.com/story/larry-ellison-discloses-1-billion-stake-in-tesla-2019-01-08](https://www.marketwatch.com/story/larry-ellison-discloses-1-billion-stake-in-tesla-2019-01-08) +Federal Reserve chairman Jerome Powell answers questions from the audience at the NABE meeting in Boston. + +https://www.cnbc.com/video/2018/10/02/feds-powell-says-the-us-is-not-on-a-sustainable-fiscal-path.html +I found out about 3 months ago that my parents stole my identity and took out $10,000 in credit card debt. I have never felt so betrayed in my life and am currently no contact with them, probably never speaking to them again. + +Since then, they have paid off all of the debt, I changed all of the log in information so they don't have access, and requested new cards for all of them. They had been paying the minimum balances on all the cards, so now that the debt it gone, my credit score is back to normal. + +Now that all of the debt is gone, I am worried that they will open another credit card in my name. They know all of my information like social security number, etc., and I can't just make them forget it. + +I'm not sure what I can do to protect myself now. Any advice will be appreciated. +[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/) +Anyone else think fidelity is taking forever to let us do the proxy vote because they know the shitstorm that will fly when people find out how many shares apes on there alone? For the past few weeks the buy order to sell order ratio has been overwhelmingly in favor of buying. I bet apes own more than the float on fidelity alone. +Yes though I am not that good at buying and selling stocks but I do kind of know what I’m doing + +There is no way anyone could fully predict that Tesla was going to take off like that right? I was just looking at the price over time graph and spikes in the stock and saw it was around the peak of where it usually hits before a downfall and of course a few days after I thought that, the stock started heading down. Now I had made a fair amount of money and I don’t like investing in individual companies so I sold it. Now my buddies are always like how’s Tesla doing and it pisses me off but that’s not the problem really they’re a-holes. + +I guess what I’m asking is that there is no way anyone could predict the Tesla spike right? + +And what do y’all think about shorting the stock? + +And I feel like this is common selling stocks before they take off so I’m not the only one?? +>EPS: $1.40 vs. $0.99 est. + +>Revenue: $89.58 billion vs. $77.36 billion estimated, up 53.7% year-over-year + +>iPhone revenue: $47.94 billion vs. $41.43 billion estimated, up 65.5% year-over-year + +>Services revenue: $16.90 billion vs. $15.57 billion estimated, up 26.7% year over year + +>Other Products revenue: $7.83 billion vs. $7.79 billion estimated, up 24% year-over-year + +>Mac revenue: $9.10 billion vs. $6.86 billion estimated, up 70.1% year-over-year + +>iPad revenue: $7.80 billion vs. $5.58 billion estimated, up 78.9% year-over-year + +>Gross margin: 42.5% vs. 39.8% estimated + +https://www.cnbc.com/2021/04/28/apple-aapl-earnings-q2-2021.html + +Other things to note, dividend is rising as expected to $0.22 per share (7% increase). They also announced $90billion in share buy backs. +Hey everyone, + +I've been tracking subdomains added to all of GameStop's domains, and 2 new ones were added yesterday to their development sandbox domain ([gstop-sandbox.com](https://gstop-sandbox.com)). + +api.nft.gstop-sandbox.com + +internal.nft.gstop-sandbox.com + +You can view these in [certificate transparency logs](https://crt.sh/?q=gstop-sandbox.com) and they were appended to the existing gstop-preprod.com certificate. + +I would say these subdomains are expected based on what they are trying to build. APIs enable them to integrate easily with 3rd party services and opens up their platform to 3rd party developers to create on top of it. The internal subdomain could be any number of things, we don't really have enough info to say for sure. It could be a domain required for Loopring integration, or it could be an intranet website for NFT employees, or any other number of things. + +After testing in the sandbox domain is complete, I would expect that these subdomains would be added to their production [gamestop.com](https://gamestop.com) domain so be on the lookout for that. + +Edit: Please try not to infer timelines based on this information, we will never know when they may announce something. Just because these subdomains aren't on the main [gamestop.com](https://gamestop.com) domain does not mean they aren't close to an announcement/finished product. + + +It was the first time these subdomains showed up on [crt.sh](https://crt.sh), or the script I run which doesn't necessarily mean its new, just that it's starting to show up publicly now. +in my years of participation in America's workforce, I've held over 20 jobs (yes serious). up until now i thought my choices to change so frequently were solely about money,however, I've come to new realization. i change so often because I'm bored and angry. bored with performing the same monotonous tasks in same damn office chair. angry because i refuse to belive or accept that we were placed on this earth to slave away waaaaay to many hours of our lives instead of being able to focus on family, person growth, spirituality or anything else. the minute i slide my damn time card into that dreadful machine every Monday morning I'm in a emotional slump until the time i slide it for the last time in the week on Friday. I'm not lazy, but the work I've performed so far has only helped the guy at the top's pocket grow bigger and now it's time for me to grow my life not my boss's. + +it's not the money system i desire to escape from necessarily, but i no longer want to feel boxed in and controlled by it. i don't want million dollar rooms in a billion dollar mansion, but i want to live nicely. i just want security for my family when I'm elderly but until then i want to be able to see the world with my family when i want, not when my employer has open availability that week to put in for time off. i want to spend my work hours at home growing closer to my son and other other children that i have with my lady in the future. + +when it comes to financial endeavors i mostly feel afraid that I'll never achieve my goals because it seems everything worthwhile as a means to achieving FI requires some sort of capital to begin with. lemme tell ya folks, i don't have capital nor am i from a family whose roots are attached the trunk of a money tree. + +my questions to you people today are can you guide me to any books or resources for guidance, direction and inspiration? strategies? +It's a silent project that operates in the background. There's no face to it. The founders created it and walked away. It's like an elegant clock set into motion that continues to tick. There's no promise of some complex protocol to come 3, 5, or 10 years down the road. It does what it's supposed to now without self promotion from the founders. Since it doesn't need self promotion to thrive, it doesn't fall victim to the vices of marketing from greedy, charismatic leaders, with overly complex projects. Sure, there's Saylor and Novogratz that sometimes fall into that role. But bitcoin doesn't need them to survive and won't need them when they die. The project works now. It does what it's supposed to and it'll continue to do what it's supposed to. It's the money of the future of our science fiction novels. + +There's no Krypto Kris marketing shitty debit cards. There's no charismatic Do Kwon doing a Forbes, Steve Jobs photo shoot with a black t-shirt and a white background. There's no J Powell magically expanding the money supply with a cobol fueled wand, creating a 9 trillion USD balance sheet out of thin air. + +BTC takes out the corruption of humans, because the humans that created it stepped away. Sure, people will build corrupt systems around it, but BTC itself is a simple, pure, and elegant vehicle silently ticking away in the background until the ticking becomes so loud that no one can ignore it. +Here's the thing, I got into mutual funds investments due to ET money back when I was in college. Fast forward 3 years the app is literally filled insurance and loan ads. My notifications are just being bombarded with these every 5 or 6 hours. I would've planned shifting to another app but I have a good amount of SIPs that I do every month through the app. Is there anyway I can shift to another mutual funds only app without losing my SIPs. + +Any suggestions for alternatives for no brokerage mutual funds apps will be most welcome. +Completely a hypothetical thought experiment here, but... + +When BTC was first created, there were no exchanges. They were all in self-custody. Once exchanges popped up, BTC migrated to them until they reached enough BTC that they could serve their purpose: allowing for billions of dollars of trading volume per day. Ever since 2020, the balance of BTC has slowly been leaving exchanges. + +https://preview.redd.it/19vy5bke6ir91.png?width=2060&format=png&auto=webp&s=f87817cff8e905629be829d27ec869cbfeb8b4a2 + +This is a good trend, the less BTC on exchanges, the better, and the more the supply shock will be able to cause the price to go up, and the less the exchanges are able to artificially inflate the supply with fractional reserves. + +There is currently 2.4 million BTC left in exchange balances. There are 5.5 million people in this sub. If every one of us in just this subreddit withdrew 0.43 BTC (on avg) from an exchange, they would run out of Bitcoin. If you deposit your BTC onto exchanges, you are literally giving it to them. Instead, hold onto it and make them BUY it from you in the future at a premium. The supply is limited and no one can make more. + +Taking the BTC you own off of an exchange and into cold storage/self-custody is one of the best things you can do to strengthen the network and add value to it. + +If you haven't done it yet, I strongly urge you. It's much easier than you think, it takes a few minutes, and it can be very rewarding. Self-custody can give a sense of peace knowing that no matter what happens in the world you will be able to have complete control of your BTC. +I know a ton of students who are loaded down with debt from student loans and are going to have a hard time paying it off (like 100k+ debts) because of bad academic planning or bad grades. Is this kind of what happened in 2008 where people got loans for houses they couldn't afford and caused a crash? +Guten Tag to this global band of Apes! 👋🦍 + +As we close out another week, I want to express my appreciation for this community. +The way that this group comes together to expose the tactics that are used against us is incredible. +From the very early days after The Sneeze through now, this is the place that I can consistently turn to for a better understanding. +Thank you all for being a part of what makes this subreddit so great. + +Today is Friday, December 9th, 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: **$24.09 / 22,90 €** *(volume: 65927)* +- 🟥 115 minutes in: $23.98 / 22,80 € *(volume: 65860)* +- 🟩 110 minutes in: $24.18 / 22,98 € *(volume: 65852)* +- 🟥 105 minutes in: $24.03 / 22,84 € *(volume: 63672)* +- 🟥 100 minutes in: $24.06 / 22,87 € *(volume: 63668)* +- 🟥 95 minutes in: $24.09 / 22,90 € *(volume: 63656)* +- 🟩 90 minutes in: $24.21 / 23,01 € *(volume: 62611)* +- 🟥 85 minutes in: $24.20 / 23,00 € *(volume: 61761)* +- 🟩 80 minutes in: $24.20 / 23,01 € *(volume: 60901)* +- 🟥 75 minutes in: $24.07 / 22,88 € *(volume: 60901)* +- 🟩 70 minutes in: $24.23 / 23,03 € *(volume: 60901)* +- 🟥 65 minutes in: $24.12 / 22,93 € *(volume: 60519)* +- 🟩 60 minutes in: $24.24 / 23,04 € *(volume: 60519)* +- 🟥 55 minutes in: $24.23 / 23,04 € *(volume: 60505)* +- ⬜ 50 minutes in: $24.24 / 23,04 € *(volume: 60484)* +- 🟥 45 minutes in: $24.24 / 23,04 € *(volume: 60472)* +- 🟥 40 minutes in: $24.24 / 23,04 € *(volume: 60205)* +- 🟥 35 minutes in: $24.31 / 23,12 € *(volume: 60205)* +- 🟩 30 minutes in: $24.33 / 23,12 € *(volume: 58636)* +- 🟩 25 minutes in: $24.30 / 23,10 € *(volume: 58611)* +- 🟩 20 minutes in: $24.28 / 23,08 € *(volume: 58611)* +- 🟥 15 minutes in: $24.09 / 22,91 € *(volume: 53989)* +- 🟩 10 minutes in: $24.10 / 22,91 € *(volume: 49001)* +- 🟥 5 minutes in: $23.40 / 22,25 € *(volume: 8101)* +- 🟥 0 minutes in: $24.46 / 23,26 € *(volume: 1112)* +- 🟩 US close price: $24.79 / 23,57 € *($24.80 / 23,58 € 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 1.0519. 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 may have been covered here already, so if it has I apologise. Just thought this might be of use to someone else in my situation. + +After the TSB debacle a few months ago, I decided it was time to leave. I used the Current Account Switch Service (CASS), as is the norm these days. I successfully switched banks on the 9th of May and had no issues on the Halifax side of things (I chose Halifax because my mortgage is with them). + +The CASS is supposed to make switching banks easy for the customer and should transfer all of your direct debits without any hassle. Unfortunately this was not the case for me. I was unaware that anything was wrong until my direct debit recipients began getting in touch with me to offer their condolences... + +So, LOTS of my direct debits got paid late and I had to make a LOT of awkward phone calls. So, I called TSB to sort it out. As it turns out, this was something they were aware of as it has affected hundreds of people across the country. I spoke calmly with someone from TSB and they offered me £50 in compensation. + +Now here’s the lesson - never let them lowball you. I had done my research and had seen on MoneySavingExpert that someone had successfully claimed £250 in compensation from TSB for this exact thing. So, I told them - I want you to fix my credit score which had been damaged from all of the late payments, and I want £250 in compensation. I was told that she’d have to escalate the complaint and to expect some correspondence soon. + +The next week, I got a letter saying that a cheque for £250 was in the post. Importantly, the letter also states that it can be used as proof that it was TSB’s fault if any of my direct debit recipients have any problems with my story (nobody has so far). + +Just thought I’d share this in case anyone else is in a similar situation! +[https://www.gov.uk/government/publications/named-tax-avoidance-schemes-promoters-enablers-and-suppliers/current-list-of-named-tax-avoidance-schemes-promoters-enablers-and-suppliers#details-of-how-each-named-scheme-works](https://www.gov.uk/government/publications/named-tax-avoidance-schemes-promoters-enablers-and-suppliers/current-list-of-named-tax-avoidance-schemes-promoters-enablers-and-suppliers#details-of-how-each-named-scheme-works) + +Looks like both of these umbrellas were paying contractors NMW and giving them the rest as some form of loan/advance, while charging a 20% fee. Now the contractors face a tax bill and are still down on the fee. + +>**7. Details of how each named scheme works** +> +>**Absolute Outsourcing** +> +>The users completed an advance deed along with their employment contract. This advance deed is intended to justify the user receiving non taxable advance payments along with a National Minimum Wage salary. The aggregate payments amount to around 82% of their gross contract earnings. +> +> +> +>The users enter into an employment contract with Absolute Outsourcing Limited (AOL). The employment contract stipulates that the employee will work on client assignments and in so doing will be become an employee of AOL. In relation to payment, it states that AOL will pay the employee at a rate equivalent to the National Minimum Wage rate. +> +> +> +>At the same time the users enter into a loan agreement with AOL (“Advance Deed”). The Advance Deed provides that AOL, as the employer, will make an initial advance of up to £5,000 and further advances to the employee as the employer may think fit (“Advance Payments”). The Advance Payments are repayable within 18 months after receipt of the initial advance or earlier if the employee terminates the arrangement or breaches the agreement. +> +> +> +>Once the users are employees of AOL, they are then required to forward timesheets to AOL using a portal for this purpose. AOL then invoices the recruitment agency or end user for the services carried out by the users based on the hours worked and the appropriate hourly rate. Once AOL receives the funds for the services carried out, they then process the next step of the arrangements. +> +> +> +>AOL then arranges for the users to be paid for the hours worked in line with the National Minimum Wage hourly rate. This is confirmed by the payslips and the bank statements of the recipients. +> +> +> +>AOL withholds and retains as its fee a percentage amount, being between 18% and 20% of the amount invoiced to the recruitment agency or end user for the services carried out by the users (the gross contract value). The remaining balance makes up the Advance Payment with an advance advice note confirming the amount to the user. +> +> +> +>AOL arranges for the user to receive the Advance Payment. These payments are evidenced by the users’ bank statements which show one aggregate payment in accordance with the net salary per the payroll and Advance Payment. The Advance Payments that AOL makes to the users are claimed not to be subject to income tax or National Insurance Contributions (NICs). +> +> +> +>**Equity Participation Scheme (EPS) / Purple Pay Limited (PPL)** +> +>PPL invoice and receive payment from the end user. PPL pay the user around 5% of this amount as wages which is taxed under Pay As You Earn (PAYE). PPL pay around 75% of this amount as an advance to the user under the employee cash flow facility. This amount is not taxed under PAYE. PPL retain around 20% of the amount as their fee. +> +> +> +>The user enters into a contract of employment with PPL. This contract provides that the users wages will be at the applicable national minimum wage (or, if applicable, the National Living Wage) rate, unless the employee assignment schedule states otherwise. +> +> +> +>The user enters into a second agreement called the Employee cash flow facility. This is essentially a loan between the user and PPL and allows PPL to provide unsecured advances to the user. +> +> +> +>PPL enter into a contract for services with end users. +> +> +> +>The user enters into a Co-ownership (Co-op) agreement with PPL and the trustee of the Purple Pay employee share ownership trust. As part of this agreement, the user is said to acquire a joint interest in shares of PPL. +> +> +> +>PPL pay the user wages at the national minimum wage or national living wage. This payment is taxed under PAYE. +> +> +> +>PPL pay advances to the user as per the employee cash flow facility. These payments are not taxed under PAYE. +> +> +> +>The user disposes of their joint interest in shares acquired under the Co-ownership (Co-op) agreement and any dividend, distribution or proceeds of sale in relation to this joint interest is said to pay off the advance payments the user received from PPL (as written into the terms of the Co-ownership (Co-Op) agreement and employee cash flow facility). +> +> +> +>The user is subject to capital gains tax on any increase in value of their shareholding. + +I would have thought the idea of using loans to avoid tax would have been seen as a red flag since the original 'Loan Charge' debacle. + +Also (me not understanding IR35) could a contractor not have simply set up their own ltd company? +>The Chipotle location has reopened after being hit with what looks like norovirus. + +>But its latest food safety incident may be worse than expected, as the number of reports of illness associated with that store last week continue to rise. + +[Marketwatch](http://www.marketwatch.com/story/reports-of-illness-associated-with-virginia-chipotle-top-100-2017-07-20) +Married, 27 years old, household income around $80k, current accounts are as followed: + +Assets +Emergency fund - 3 months expenses in Wealthfront savings account +401k - $12k +Chase You Invest - $6k currently sitting as cash because I’m not sure what to do + +Debt +Student Loans - $26k at 5%, payment is currently $270/month + +My goal is to purchase a rental property in 2-4 years. Most likely around the $125k range. I know I’ll need the 20% down payment plus closing costs, cash for reno, and enough left over to cover 6 months expense for vacancy or any other issues. I believe I’ll need between $35-40k to be ready to purchase a property. + +My wife and I are saving about $1200 a month, sometimes a little more. We are very frugal and have minimal debt. I’m just kind of stuck and keep going back and forth on what I should do savings wise to make sure the money is protected but speed up the process with some passive growth. Wealthfront at 2.07% is an option but I’ve been thinking about Vanguard ETFs as well. I know ETFs are more risky, especially if a recession happens, but I won’t be ready to buy for at least 2 years so hopefully by then any big drops will have all gone back up. + +I thought this might be a question for an investment page but the goal is to buy rental property so I put it here. + +Any advice on what I should do is much appreciated! +I never understood what would motivate a buyers agent to try their hardest to lower the price if their commission is higher when the sale is higher? Any advice on things to ask an agent to make sure they will devote themselves to representing your interests? +MoonlyFans - Welcome to World's first Dump-Fighting token with a Built-In Anti-Dump Mechanism 🥊 + +I came across this project and it literally just launched. Basically the idea is only fans + crypto. They have a lot of advertising ready to go, and good anti-dump tokenomics to prevent whales and bots from pulling any shenanigans. I can’t wait to see what’s in store for this token as it gains momentum from official audit and listings. + +Utility beta platform will be released at 100k holders + +**TOKENOMICS** + +✅ 10% Taxes + +✅ 5% Burn + +✅ Anti-Dump Mechanism + +‼USE HIGH SLIPPAGE‼ + +Pancakeswap Link🥞: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x4f6e43388299Bcf1693233A597E0F59Fe039d1e0](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x4f6e43388299Bcf1693233A597E0F59Fe039d1e0) + +Also, MoonlyFans solves a real world problem: We're developing the first API that allows you to subscribe to your favorite OnlyFans influencers using Cryptocurrencies! 💃 + +Backed by multiple influencers on Tiktok/Youtube/Onlyfans/Twitter📑 + +**Next steps🔥** + +\- Poocoin advertising + +\- Influencer marketing + +\- Moon + Usecase + +**Links:** + +📲Telegram: [t.me/realmoonlyfans](https://t.me/realmoonlyfans) + +🌐Website: [moonlyfans.finance](https://moonlyfans.finance) + +🐦Twitter: [twitter.com/realmoonlyfans](https://twitter.com/realmoonlyfans) +“Earlier, in a meeting with Chinese Vice Premier Liu He, U.S. officials laid out their bottom line, telling him that Beijing had three or four weeks to agree to a deal or face additional 25% tariffs on a further $325 billion in exports to the U.S., according to people familiar with the talks. The threat came in response to the lack of any meaningful concessions by China during two days of meetings, the people said.” + +https://www.bloomberg.com/news/articles/2019-05-10/u-s-gives-china-a-month-for-trade-deal-as-talks-stay-deadlocked?srnd=premium + +Amazing . Literally said the opposite 5-6 hours earlier. + +How much does it suck to be an active investor with whipsaw statements like this ? +Tesla 2021 Q2 Earnings Report + +Earnings: $1.45 vs. $0.98 per share expected +Revenue: $11.98 vs. $11.30 billion expected +Free cash flow: 619 million vs. -319 million expected +  +Cash + • Operating cash flow less capex (free cash flow) of $619M in Q2 + • Net debt and finance lease repayments of $1.6B in Q2 + • In total, $912M decrease in our cash and cash equivalents in Q2 to $16.2B +Profitability + • $1.3B GAAP operating income; 11.0% operating margin in Q2 + • $1.1B GAAP net income; $1.6B non-GAAP net income (ex-SBC1) in Q2 + • 28.4% GAAP Automotive gross margin (25.8% ex-credits) in Q2 +Operations + • Record vehicle production and deliveries in Q2 + • Successful launch of FSD subscription in July + • Started delivering the new Model S to customers +  +Summary +In the second quarter of 2021, we broke new and notable records. We produced and delivered over 200,000 vehicles, achieved an operating margin of 11.0% and exceeded $1B of GAAP net income for the first time in our history. +Supply chain challenges, in particular global semiconductor shortages and port congestion, continued to be present in Q2. The Tesla team, including supply chain, software development and our factories, worked extremely hard to keep production running as close to full capacity as possible. With global vehicle demand at record levels, component supply will have a strong influence on the rate of our delivery growth for the rest of this year. +We successfully launched Tesla Vision in Q2, which was mainly possible due to our ability to use data from over a million Tesla vehicles to source a large, diverse and accurate dataset. Solving full autonomy is a difficult engineering challenge in which we continue to believe can only be solved through the collection of large, real-world datasets and cuttingedge AI. +Public sentiment and support for electric vehicles seems to be at a never-before-seen inflection point. We continue to work hard to drive down costs and increase our rate of production to make electric vehicles accessible to as many people as possible +  +In the last 24hrs approx 51% of the blocks added to the Ethereum blockchain were built by MEV relays that are regulated and censoring transactions as per OFAC regulations. This means that they will not relay transactions from tornado cash etc for inclusion in the blocks validators validate. + +[https:\/\/www.mevwatch.info\/](https://preview.redd.it/f1dzn4cq8tt91.png?width=959&format=png&auto=webp&s=3e84dfa2c2c0162eb7386621cbf6a8f250cd3833) + +**As of the last 100 blocks 56% were censored.** + +[https:\/\/www.mevwatch.info\/](https://preview.redd.it/rkddnloo6tt91.png?width=961&format=png&auto=webp&s=74b02d5c16709dd822001678a7351633fece5d6c) + +There are currently seven major mev-boost relays including Flashbots, BloXroute Max Profit, BloXroute Ethical, BloXroute Regulated, BlockNative, Manifold and Eden. Of the 7 available major relays only 3 do not censor according to OFAC compliance requirements. **OFAC compliant relays will not include any transactions that interact with the Tornado Cash smart contract or other sanctioned wallet addresses as designated by OFAC.** + +Not all blocks built by OFAC compliant relays are censoring, however, all blocks built by OFAC compliant relays will censor when non-compliant transactions are broadcast to the network. + +*How is this determined:* + +OFAC compliancy list for MEV relays is here: [https://github.com/remyroy/ethstaker/blob/main/MEV-relay-list.md](https://github.com/remyroy/ethstaker/blob/main/MEV-relay-list.md) + +*Why do* *~~Miners~~* *Validators use MEV boost relays?* + +Simply put, profit. Validators use MEV boost relays to "build" blocks that include a more profitable grouping of transactions as to maximise fee profit from the block. + +Before the merge we were told no protocol level OFAC compliance would occur and any attempt to do so would end with validators being slashed. + +[https://twitter.com/VitalikButerin/status/1559271315080679432](https://twitter.com/VitalikButerin/status/1559271315080679432) + +Vitalik himself said he would vote for: X + +>X) Consider the censorship an attack on Ethereum and burn their stake via social consensus +> +>Y) Tolerate the censorship + +We're over 50% compliance now and validators seem happy to continue using Flashbots and other MEV relay services, as they're more profitable, despite knowing full well they are OFAC compliant and will not relay Tornado cash and other transactions. + +This seems like OFAC compliance with extra steps. The validators themselves might not be doing it at a protocol level but they're actively using a secondary service to choose which transactions go into the blocks they validate. + +Slashing any validator using OFAC compliant flashbots when? +Guten Morgen to this global band of Apes! 👋🦍 + +I am posting this at the usual time in the USA, 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. +The normal schedule will resume next week. + +As many noted, yesterday's GME market activity showed many signs of manipulation. +If there was any doubt in your mind that the SHFs still care *deeply* about keeping the price in check, please let those doubts wash away. +The price rose sharply to nearly $35, triggering a halt. +It then fell just as sharply, triggering another halt. +Throughout the day, it amassed over 10 times the volume of last Thursday, ultimately ending up a tiny bit. +If the Ortex data had any truth to it, it seems that a portion of those shares were deployed to keep a lid on the price. + +Fortunately, there is *nothing* that they can do that they haven't already tried, or that our Diamantenhände haven't fended off before. +We know the value of what we HODL. +These events are exciting, and any hopes that the SHFs have of shaking our confidence is misplaced. +The MOASS is inevitable, and we are here to see it through. + +Today is Tuesday, November 1st, 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: **$29.63 / 29,78 €** *(volume: 4796)* +- 🟥 55 minutes in: $29.54 / 29,68 € *(volume: 4624)* +- 🟩 50 minutes in: $29.55 / 29,69 € *(volume: 4267)* +- 🟥 45 minutes in: $29.52 / 29,66 € *(volume: 3676)* +- 🟥 40 minutes in: $29.55 / 29,70 € *(volume: 3616)* +- 🟥 35 minutes in: $29.56 / 29,70 € *(volume: 3509)* +- 🟩 30 minutes in: $29.58 / 29,73 € *(volume: 3499)* +- 🟩 25 minutes in: $29.51 / 29,66 € *(volume: 2463)* +- 🟩 20 minutes in: $29.37 / 29,51 € *(volume: 2023)* +- 🟥 15 minutes in: $29.11 / 29,26 € *(volume: 1733)* +- 🟩 10 minutes in: $29.13 / 29,28 € *(volume: 1084)* +- 🟥 5 minutes in: $29.09 / 29,24 € *(volume: 584)* +- 🟩 0 minutes in: $29.13 / 29,28 € *(volume: 554)* +- 🟩 US close price: $28.31 / 28,45 € *($28.90 / 29,04 € 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! +First DD post – haven’t traded in 10 years after yoloing 10k into EER at ATH and it falling off a cliff shortly after. **Let’s talk about tin and MLX.** + +Some hard numbers to get you interested - Global tin price USD up from 16205 to 28899, 78% since this time last year and 21298 to 28899, 35% this year alone. I haven’t included the COVID dip in MAR20 before you jump on me. Tin went up 15% today. + +The bulk of tin application, ie. nearly HALF of the global tin demand, goes into solder for making electronic components. What are we building fuckloads of? Electronic vehicles, solar panels, and batteries. Revenue from consumer electronics will only continue to rise as more and more of your household goods go online with the unstoppable titan that it the IOT. Who knew 20 years ago that you could order your groceries directly to your door via your fridge, yet here we are. + +# Tin - Batteries + +From the guy who brought you the battery that literally powers everything in your life now (Lithium-Ion) Nobel prize winner for Chemistry Stanley Whittingham (2018) went public in Oct 2020 with his research on tin based anodes that are expected to be the baseline for future batteries in electric vehicles and household battery storage. From the research paper - ‘Tin-based materials with higher volumetric capacity and lower working voltage are scientifically one of the most promising candidates to replace graphite.’\[i\] + +# Speculation – + +China – Of interest is the current data that China is posting larger net export losses for Tin each year meaning they are importing more than they are selling off. + +The following countries posted the highest negative net exports for tin during 2019 – + +1. China: -US$661.5 million (net export deficit up 77.1% since 2015) +2. Malaysia: -$373.6 million (up 29.4%) +3. Thailand: -$115.5 million (up 129%) +4. Belgium: -$3.6 million (reversing a $2.6 million surplus) +5. Taiwan: -$2 million (up 48.3%) + +China is the biggest miner, consumer, and importer of tin in the world. But China has grown heavily reliant on imports of raw material from the tin mines in the Wa area of Myanmar. Imports peaked at 470,000 tonnes bulk weight in 2016 but have been trending ever lower since amid speculation that easily accessible reserves are being exhausted. COVID, extreme floods and now a military coup have munted their production in Myanmar which has turned China into an ultra-tin hungry beast with their favourite hole in the wall for it not able to come up with the goods. During the lockdown, China imported over 1,500 tonnes of refined tin. This was an increase of over 800% year-on-year (YoY) and a continuation of the high imports seen in December 2019, the highest since early 2017. Exports of refined tin were reduced; China shipped out just 520 tonnes, down 69% YoY. Given both China’s existing manufacturing base and its drive to dominate next-generation technology, tin is a likely contender for a strategic metal status. + +Note: the ITA (International Tin Assoc.) doesn’t support the notion that supply will be interrupted at this stage due to the coup.\[ii\] + +Export $$$ + +The following countries posted the highest positive net exports for tin during 2019. Most recent data available - + +1. Myanmar (Burma): US$596 million (net export surplus up 12,335% since 2015) – (remember what’s happening in Myanmar right now) +2. Australia: $130.7 million (up 31.2%) +3. Congo: $54.4 million (no 2015 data) +4. Rwanda: $42.1 million (up 24.3%) +5. Tanzania: $40.2 million (up 9413%) + +**Quick recap so far -** + +**1.** China stockpiling tin + +**2.** Myanmar slowing in their production of high grade tin + +**3.** Demand increasing due to EV/battery and solar panel uptake + +**4.** Predicted deficit by Macquarie, Reuters + +**5.** Australia tin export is booming + +**6.** Tin market cost cracked 7 year ATH today, 9k below real ATH + +**Demand speculation –** + +Tin has not been produced in the United States since 1993, and with the United States not having any active tin reserves the commodity has been deemed a critical strategic metal.\[iii\] The USA plans largest EV fleet rollout under Biden administration\[iv\] while at the same time pushing buy American under new federal contract guidelines\[v\]. As of 2017, the United States maintains a net import reliance as a percentage of apparent consumption of approximately 75 percent for tin, where 25 percent of the apparent consumption is attributed to the recycling of tin.\[vi\]The LME(London Metal Exchange)’s stockpiles have also been drained of metal, hitting a near record low of just 775 tonnes last week before some tin was added on Monday. With 230 tonnes already earmarked for the delivery, the amount of physical metal in the LME system stands at 1,100 tonnes, less than two days of global consumption. A year ago, LME stocks were 7,500 tonnes.\[vii\] + +**MLX – Current Sp: 0.20, up 8.11% today. 181.54m MC.** + +I have seen a few people mentioning how they are in debt over the last few weeks so let’s take a look at that first. + +2020 Q4 report see them continue a trend of trimming the fat in personnel to streamline to the tune of saving 1.5m/a, they’ve just gone conditional sale for their Nifty Copper project going seemingly all in on Tin and their Renison/Rentails project. Closing cash and working capital at 31 December 2020 was $8.5 million including $9.1 million cash (($5.1 million) and $5.9 million respectively at the end of the previous quarter). + +MLX Renison Mine Tasmania – + +1. MLX owns 50% stake in 180 kt – 70% of the country’s CRIRSCO-compliant tin reserve. ( The aim of CRIRSCO (Committee for Mineral Reserves International Reporting Standards) is to contribute to earning and maintaining that trust by promoting high standards of reporting of mineral deposit estimates (Mineral Resources and Mineral Reserves) and of exploration progress (Exploration Results)). + +2. Will maintain EBITDA of over 85% over next 5 years. + +3. 50 Million to be spent on underground infrastructure at Renison, fully funded from tin sales– no cash raise needed. + +4. The mine’s life has been extended 10 years, production increasing from 8000 to 8,500t per annum and 9,000tpa in 2022/23, to more than 10,000tpa from fiscal 2025. That means about 98,000t of the highest-grade tin concentrate over the 10-year plan. + +5. Metals X equity interest in Renison is one of the few publicly held tin projects in the world. + +&#x200B; + +[Q4 MLX 2020 Cash\/Capital position](https://preview.redd.it/mr106ayx5th61.png?width=602&format=png&auto=webp&s=b07e53aac5b7fc8566f046906c0d7cb65aff9fbb) + +TL:DR – World’s largest tin producer China stockpiling tin i.e. soon it’ll be a wake-up call for everyone else that the ‘metal spice’ in every electronic meal is crucially important in the currently exploding EV and Battery market. MLX has 70% of Australia’s high-grade tin and is increasing output production 25% over next 5 years in an emerging bull market. + +Disclaimer: Own 5600 MLX at 0.175. + +\[i\] [https://link.springer.com/article/10.1007/s41918-020-00082-3](https://link.springer.com/article/10.1007/s41918-020-00082-3) + +\[ii\] - [https://www.internationaltin.org/tin-production-isolated-myanmar-coup/](https://www.internationaltin.org/tin-production-isolated-myanmar-coup/) + +\[iii\] [https://pubs.er.usgs.gov/publication/pp1802](https://pubs.er.usgs.gov/publication/pp1802) + +\[iv\] [https://www.reuters.com/article/us-usa-biden-autos-idUSKBN29U2LW](https://www.reuters.com/article/us-usa-biden-autos-idUSKBN29U2LW) + +\[v\] [https://www.cnbc.com/2021/01/25/biden-pushes-elusive-buy-american-goal-with-new-federal-contract-guidelines-.html](https://www.cnbc.com/2021/01/25/biden-pushes-elusive-buy-american-goal-with-new-federal-contract-guidelines-.html) + +\[vi\] [https://www.sciencebase.gov/catalog/item/5ae87432e4b0e2c2dd358003](https://www.sciencebase.gov/catalog/item/5ae87432e4b0e2c2dd358003) + +\[vii\] [https://www.ft.com/content/40577a9b-d4d9-4cdd-8d08-43ce1c132406](https://www.ft.com/content/40577a9b-d4d9-4cdd-8d08-43ce1c132406) + +&#x200B; + +This is my first DD, so feel free to rip it apart or provide insight as to why I'm off track. + +\*\*Edit: Forgot to add - DYOR, only invest what you can afford to lose. +For all the newcomers, and for those who don’t view the side bar on reddit, we have an active and offical Asxbets discord. + +Its open to all discussion, Stonks related and non Stonks related. There’s a channel for all of you, even one for Grack and his foot fetish. + +Link below + +https://discord.gg/2sQBNuM + + +Daily PSA; Imagine buying PDI dog stock. +(Lord/Burn pls pin this, it’s Brophy) + +Thank you, have a blessed weekend fellow autists. +With AI expected to be career killers even in areas such as the medical field with radiology, or other fields like engineering, it doesn't seem like many of the traditional career fields will be safe from either limited availability or complete extinction. +So I just started reading Rich Dad Poor Dad by Robert Kiyosaki. + +The author often repeats and heavily emphasises how owning a personal house is not an asset but a liability. The reasons he gives include payment for mortgage, utilities, maintenance, taxes, insurance, and more. I agree with these reasons and think they are valid. + +What I do not understand is how owning a rental property would be an asset. I get that I would be renting it out to to somebody and that would pay off the mortgage, but I would still bear to cost of maintenance, taxes etc. Apart from this, I would be living in a rental apartment/house myself and hence be paying for that as well. Also, in the event that I am unable to find a tenant, I would have to pay rent as well as mortgage for the rental property I own. + +How does this prove to be a better investment or an asset ? Am I missing something or misunderstanding how these work? +Cathie Woods has sold Tesla stock twice in the past few days. In principle, I would assume that she simply wants to rebalance the holdings of her fund, but **just a few weeks ago she had the maximum permissible amount of an individual position raised so that she would not be forced to sell anything**. A total of 272427 shares were sold, spread over April 14 and 16. Why did Cathie Woods sell Tesla shares? To publish a crazy price target 3 weeks ago and then sell shares makes little sense to me. Malicious tongues would claim it was a pump and dump. Does anyone know something more precise? + +&#x200B; + +[https://cathiesark.com/arkk/trades](https://cathiesark.com/arkk/trades) +By now, many if not most of you are familiar with ProPublica's article "[The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax](https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax)". + +I was the most fascinated by this passage: "*For regular people, borrowing money is often something done out of necessity, say for a car or a home. But for the ultrawealthy, it can be a way to access billions without producing income, and thus, income tax.* + +*The tax math provides a clear incentive for this. If you own a company and take a huge salary, you’ll pay 37% in income tax on the bulk of it. Sell stock and you’ll pay 20% in capital gains tax — and lose some control over your company. But take out a loan, and these days you’ll pay a single-digit interest rate and no tax; since loans must be paid back, the IRS doesn’t consider them income. Banks typically require collateral, but the wealthy have plenty of that.*" + +I understand the process of taking a loan and why it's done. My question is: **how do they pay back these loans**? I'm assuming that one day, the loans have to be repaid. If the wealthy individual sells assets then they owe taxes on that sale on top of the loan interest. Or are the loan repayments passed to the next generation, who sell assets at a stepped up cost basis? Or maybe the loans are repaid by the loaner themselves, but at a more opportune time when selling a certain asset is most advantageous? I have tried to research this but it's not clear. + +TIA +Without saying both (that's too easy). Which tactic in your experience has added the most to your savings rate? Feel free to think about this as a dollar or percentage increase. My own experience is increasing my income has been the most effective because I was already on a pretty tight budget. +Hi Guys!! + +I’m back again with another post as I continue my forex trading journey! + +I’ve opened a live account on XM with the $30 trading bonus they give for joining as a new member just to begin really trading with real money after spending some time on demo for a bit. Long story short, I didn’t know it was a lot more tougher growing a small account, like really really tough!! I’m making at most $1,70 per trade (3 trades per day) and the minimum is like 85c! My risk management is pretty damn tight! I’m starting to see that you really have to bump up the risk quite a bit to even see decent returns on an account that’s less than $100. However I’m not ready for that yet. So I’ll continue to work with this $30 account until I eventually blow it, I’ll see how long I can keep it going for. At the moment my lot size I’m trading with is 0.01! + +I’m seeking for advice on how to try and possibly grow such a small account as best as I can. + +And my final question is, when I’m ready to make that leap, how much do I realistically need to begin trading to see a decent amount of growth in profits? I’m not wanting to get rich. My aim is to 1 day earn $100 a day. Which is enough for me to live off in my country when all is calculated up in a month! + +Thank you for taking your time to respond your advice in the past has allowed me to continue. + +Take care and stay blessed! +[update: here's another way to start to understand this situation if what's written below is too dense +Anthony Denier, CEO of Webull on the Robinhood/GameStop situation +https://www.youtube.com/watch?v=4RS4JIEVyXM] + +This explanation is from Silent Cal @KralcTrebor + +https://twitter.com/KralcTrebor/status/1354952686165225478 + +Ok - here's my best explanation of why @RobinhoodApp restricted trading in the short-squeeze stocks. + +Spoiler: the story isn't the Ken Griffen called Janet Yellen who instructed DTCC to raise margin on Robinhood to force them to shut down the speculative buying. + +Here goes ... + +Robinhood (RH) is a broker. They don't execute stock orders themselves. They sign up customers, route their orders to executing brokers, and keep track of who owns what. RH is also its own clearing broker, so they directly settle and custody their clients' securities. + +Yes, RH is paid by Citadel to handle executing some of its order flow. This isn't as nefarious as it sounds - Citadel Equity Securities is paying to execute retail orders because they aren't pernicious (like having 500x the size behind them). + +RH customers buy and sell stocks. Those trades don't settle (settle = closing, the exchange of cash for security) until T+2, two days later. Depending on the net of buys/sells, RH is on the hook to pay or recieve that net cash. That's credit risk. + +NSCC is the entity that takes that credit risk. It matches up the net buyers and sellers, post-trade, and handles the exchange of cash for security. To mitigate the credit risk that one of the clearing brokers fails, they demand the brokers post a clearing deposit with them. + +The NSCC is required to do this by SEC rule, tracing to Dodd-Frank. + +Here's the details: https://sec.gov/rules/sro/nscc-an/2018/34-82631.pdf + +Everyone posts, and if a broker fails, then NSCC takes any losses out of that broker's deposit, then some from NSCC, then from everyone else (the other brokers). + +This is a post-crisis idea encoded in Dodd-Frank that making everyone post collateral reduces the credit risk and systemic risk and such. + +So how does the NSCC clearing deposit get calculated? + +It's basically Deposit = min( 99% 2d VaR + Gap Risk Measure, Deposit Floor Calc) + Mark-to-Market ... math and jargon! + +Let's use an example. Say Fidelity has clients who bought 2bn of stock and sold 1.5bn of stocks. First, net down buy/sell between customers in the same stock. + +Say that leaves 1bn buy and 0.5bn sell. Run some math to answer "that won't move more than X with 99% odds in the next 2 days." Let's say that's 3% of the net, so 3% * (1bn-0.5bn) = 0.15bn = 15m. That the 99% 2d VaR. + +Next, we ask "is any one stock net more than 30% of the net buy/sell" ... and if it is, then we take 10% of that amount and add it as the Gap Risk Measure. So if Fidelity customers bought 200m IBM, then add 20m to that 15m. That's Gap Risk Measure. + +Deposit Floor Calc is some thing that looks at the 1bn buy and the 0.5bn sell and does a small calc and adds them, so that if the first calc (99% 2d VaR + Gap Risk Measure) is small, then this floor will keep the overall from being tiny. + +Then, last, you add Mark-to-Market. Basically if your customers bought IBM at 140/shr and it goes to 110/shr before it settles for cash at 140/shr, the NSCC has 30/shr of credit exposure to the clearing broker and that amount gets added to the required collateral posted to NSCC. + +There are some other items, but that's the basic idea - full details are here: https://dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf + +The NSCC sets the framework, but it is spelled out in Dodd-Frank that they have to do so by law. + +These deposits are held in the Clearing Fund at the NSCC. + +Financials are here: https://dtcc.com/legal/financial-statements + +They had 10.5bn in the Clearing Fund as of Sep 30, 2020. + +This is the regime post-Dodd-Frank. NSCC updated it's rules in 2018 to improve the VaR calc and to add the Gap Risk Measure. + +How did this impact Robinhood? + +Well, let's say Robinhood had $20bn of client assets starting 2021. Those customers used to trade $1bn/d say. What is the context for Clearing Deposit? Say 2 days it's a little unbalanced and it's 1.2bn buy and 0.8bn sell. Ok, that's probably around 12m, maybe 20m deposit. + +If they take in $600m of new deposits and say $400m wants to buy GME. Plus of their $20bn existing, say there is $400m of GME buys over the past 2d. Then the picture could look like 2.0bn buys and 1.0bn sells, which might normally be 30m deposit. But volatility went up. A bit. + +Now 99% 2d VaR is much higher. It should be 20x higher for their net portfolio, but the formula will smooth it out some. Maybe it's ~4x bigger. So just on VaR, they have to post 120m now. That they should have. + +The Gap Risk Measure is what kills them. + +If GME is over 30% of their net unsettled portfolio, then they are required to post 10% of all the GME buys. So if that's 800m, they have to post another 80m. And there is no limit to it. As long as their clients are up P&L, the mark-to-market covers it. + +But if RH takes in 500m of new money and 300m buys GME, then at minimum they are looking at posting 30m+ from just that exposure at NSCC. They cannot use client money - RH has to use their own resources to post. And if GME stock drops, RH has to post the loss pre-settlement. + +This would also explain why RH drew its credit lines and said vague things about clearing requirements. + +Robinhood Is Said to Draw on Bank Credit Lines Amid Tumult +https://www.bloomberg.com/news/articles/2021-01-28/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult +(alternative URL: https://archive.is/sLhsm) + +The policy goal here is to avoid the central plumbing entities from taking credit risk. In reality, such regulations raise costs and create barriers to entry. It raises profits for entities like DTCC (which owns NSCC and is itself owned by Wall St) + +RH offered to open up stock market investing more broadly. They succeeded, clearly. But the regulations didn't change - there are still pro-Wall St, pro-incumbent rules and capital requirements. It's one of the most highly regulated industries in our nation. + +So @aoc is right to ask how it can be that Robinhood stopped its clients from buying certain securities. And what she'll find is that the reason is that Dodd-Frank requires brokers like RH to post collateral to cover their clients' trading risk pre-settlement. + +And it isn't the Fed or SEC who sets the rules. It's the Wall St owned central clearing entity itself, DTCC, that makes its own rules. So when the retail masses decided to squeeze the short-sellers, in the middle of crushing them, it was govt regulations which tripped them up. +About six months ago, after reading the Scott Pape book, I went "Righto, time to get a better home loan rate". I called ANZ, followed the script and got a slightly better rate but not as much as I was hoping for. I tried again a few months later but they said that was as low as they'd go. I said no worries, but I'll swap to another lender if they can't go lower and they said sorry, I'm on the lowest rate they can give. + +So I swapped to a smaller lender with a better rate. It wasn't much of a pain - just took a while - and hoo boy, it's heaps cheaper. Not only that, they've passed on the full recent rate cut, whereas ANZ kept some for themselves. Made me very glad I swapped. + +My question is: have you guys swapped lenders and was it worth it? +[https://www.wsj.com/articles/citadel-is-further-paring-back-2-billion-melvin-investment-11645710666](https://www.wsj.com/articles/citadel-is-further-paring-back-2-billion-melvin-investment-11645710666) + +\- Article Text in Comments - + +texttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttexttext +"C'mon everyone, ignore Gox! Remove Gox from all charts! Pretend it doesn't exist!" + +No. That's not how this works. If someone in your small town gets robbed, you don't go "let's pretend this didn't happen so that our town will still be thought of as safe!" + +Well hey, actually in real life that does happen. Politicians and governments everywhere - the exact people you hate and bitch about all the time in this community - do that sort of shit as a means of propaganda to make themselves seem better than they really are to everyone else. + +This Gox situation is very real. Lots of people are losing a ton of money because of this. Moreover, they're losing their trust in bitcoin. The drop in price at Gox is EXACTLY what people are afraid of when they buy bitcoin, though the general thought is that it'd be more of a flash crash down to nothing, which is probably in Gox's future but it's been more of a slow death since people still have hope. + +I'm seeing a lot of people that have absolutely no sympathy for those who are getting screwed - focusing entirely on either "yay Gox is dead" or "oh crap, don't let this affect my holdings at my other exchange or overall confidence in bitcoin", lots of the usual "this isn't BAD news it's GREAT news" that goes on here anytime actual bad news happens. + +Don't ignore this, because I guarantee you people in the non-bitcoin world won't be. This is a microcosm of what many people feel will eventually happen to bitcoin, so trying to ignore this or sweep it under a rug is going to immediately alienate anyone who had any doubts about bitcoin after seeing this news. + +Stop thinking of yourself for once in your life. There are a lot of people incredibly affected by this, and a massive amount more that are not affected by this but see this as a huge issue with bitcoin, that this sort of thing can happen and there's nothing anyone can do because no regulation. Care about those people and their concerns - don't ignore them. Unless you want to see your holdings torpedo regardless of where it is because confidence in bitcoin shoots down while you all have your heads in the sands worrying only about yourselves. +Recently Bandhan Bank CEO and MD Chandra Shekhar said radical reforms, and not restructuring, holds the key to reform of the banking and financial sector as current policies may only postpone the problems and not resolve it altogether. +We are thinking of writing up a blog post on top python packages for trading / making money / quant finance. + +Of course, I have my favorites ([mlfinlab](https://github.com/hudson-and-thames/mlfinlab)) but I would like the list to be more unbiased. I thought of just taking a top-down approach based on GitHub stars but the truth is that many of those packages I don't use. + +I'd like to reach out to the community here for which packages you found the most useful. + +Quite a big fan of and make a lot of use: + +1. [Pyfolio](https://github.com/quantopian/pyfolio) +2. [PyPortfolioOpt](https://github.com/robertmartin8/PyPortfolioOpt) +3. [Qtpylib](https://github.com/ranaroussi/qtpylib) (Id love to try this out) +4. [TF-quant-finance](https://github.com/google/tf-quant-finance) (Have several friends that use this) +Hey guys. I'm looking for some benefits and drawbacks from working in a quant firm vs running your own algo at home. Why did you pursue the path that you have taken? Why didn't you choose the other path? Do you regret the choice that you made or are you happy with your lifestyle now working in a quant firm/working on your own? + +(Sorry to ask the personal life questions, I was just curious as I've seen people mention they run their own algos with a great profitability rate and brings home a lot of money, and I've also seen people mention working at top tier quant firms, so I just wanted to get an overview from personal experiences. TY!:)) +Hi everyone, + +So yes I know nothing about stocks or the market, but man I sure wish I did. While I begin to learn, I feel it's best to hire a pro to manage my stock investments. But here are my main issues: + +* How do I find someone reputable? + +* And what are the tax ramifications of investing in general? Meaning when do I pay taxes on the money I earn from investing and what penalties can come up too? + +I'd be starting off around $75k. +Thanks +# Why am I doing this? + +Most of us are probably active on this subreddit, because they want to increase their financial education in some way or the other. + +So do I! I want to improve my financial education by learning at least one new financial term every week. + +For me the best way to learn about a new topic is through these steps: researching, explaining and discussing. + +I'll explain a financial term and give some of my own thoughts about it. You may have a different opinion on the definition I chose or think about that topic in another way. + +And that's where I hope, the discussion kicks in. + +# But now.. Let's start with this weeks financial term: Capital + +The first thing that comes to my mind when hearing the word ‘capital’ is money (that can be used to invest / enhance the power of a business). + +Capital can be understood as **resources** that are available to achieve a specific set of **goals**. Capital does not always necessarily refer to money used by businesses to provide their services. It can also refer to other assets that provide an ongoing service to a business and perform economically useful work. + +## Examples + +* financial assets, like funds held in deposit accounts +* manufacturing equipment +* facilities, like buildings used to store or produce manufactured goods +* patents +* brand names +* trademarks + +Materials that are used and consumed as a part of the manufacturing process can not be referred to as capital, because they usually don’t provide an ongoing service to the business. + +## Money vs. Capital + +Money and capital don’t mean the same thing. While money refers to the instrument that can be used to purchase services and goods, capital also involves the aspects of growing and shaping a business. Capital includes any assets that can benefit a business in the long term. + +&#x200B; + +What do you think about this differentiation of money and capital? There are different types of capital (e.g. debt capital, equity capital, working capital, …). Do you want more details on these different types of capital? + +Feel free to ask questions, comment on my thoughts and give your honest feedback. If you are interested in learning and discussing more financial terms together, let me know. Finally.. thank you for taking your time, reading this and sharing your thoughts with us! + +&#x200B; + +Links: + +Financial term of last week: [Investing](https://www.reddit.com/r/investing/comments/avpfpi/financial_term_of_the_week_investing/?utm_source=share&utm_medium=web2x) + +Next financial term: [Profit](https://www.reddit.com/r/investing/comments/b0ygy9/financial_term_of_the_week_profit/?utm_source=share&utm_medium=web2x) +> Netflix estimates that its latest megahit, [“Squid Game,”](https://www.bloomberg.com/news/articles/2021-10-13/netflix-says-squid-game-is-its-biggest-series-launch-ever) will create almost $900 million in value for the company, according to figures seen by Bloomberg, underscoring the windfall that one megahit can generate in the streaming era. +> +>Netflix differs from movie studios and TV networks in that it doesn’t generate sales based on specific titles, instead using its catalog and a steady drumbeat of new releases to entice customers every week. But the company does have a wealth of data concerning what its customers watch, which the company uses to determine the value derived from individual programs. +> +> “Squid Game” stands out both for its popularity, and its relatively low cost. The South Korean show, about indebted people in a deadly contest for a cash prize, generated $891.1 million in impact value, a metric the company uses to assess the performance from individual shows. The show cost just $21.4 million to produce -- about $2.4 million an episode. Those figures are just for the first season, and stem from a document that details Netflix’s performance metrics for the show. + + [Netflix, Inc. (NASDAQ:NFLX) - Netflix's 'Squid Game' Will Generate About $900 Million: Bloomberg | Benzinga](https://www.benzinga.com/news/21/10/23409390/netflixs-squid-game-will-generate-about-900-million-bloomberg) +This is the official $GME Megathread for r/Superstonk. 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So, I wanted to find the simplest way to make a minimal living through trading. + +What do you think about this: + +Objective: make 2k a month + +How: Sell puts on UPRO At 15 days, 30Delta. If I get assigned, I can sell calls at cost price or more until i sell them off. + +Dollar cost averaging at each assignment. + +Sell more in high IVR. (Great decay) + +I don’t really care at all BPR or about being more efficient with my money. I just want to have this small piece of the puzzle first. + +Easy to reduce cost basis if big sell off. + +Can you please either destroy my thesis so that I can see where this can go wrong or arguments to support it? + +Should I be buying options instead? Which options? +I’ve seen complains about people that are wheeling stocks that are way down from their assigned prices. + +So here is a thought, assuming you can not longer sell meaningful premiums at your assigned strike then why don’t you just sell calls at the lower strike and if assigned just sell a put at the same strike? + +Wouldn’t that help you “recover” faster? How would the wash sale rules apply under that scenario? +First off, I never discuss my holdings with anyone I run into. Well today I was at a wedding with my wife and we were talking to another couple. The gentleman explains how he is super in the red in his crypto holdings while I smile and nod. My wife mentioned to him that I had some of our favorite stock. He immediately says "Oh youre gonna sell right?". I said no and tried to blow it off and he continues with "You agree its gonna go to zero right?" + +I replied that I disagreed but thanks. He persisted with a smirk and "Yeah but you agree its gonna go to zero when the joke is over? Like the business isnt going to last". I gave the same simple response and we were able to mingle our way to some other friends nearby when his wife pulled him away for pictures. + +I always strive to think critically about things and I strongly believe in this company's future, so to say that it will "go to zero" sounds utterly insane and misinformed....especially by an outsider with no skin in the game. + +This interaction showed me further how misinformed the mass public is on this issue, and how much effort the media and institutions are fighting back. This is big. + +Edit: Yes this about gme +$SYA Not released, no cap, no nothing. + +Safe Your 🍑 Wouldn‘t it be nice to have a safe haven with all the rugpulls going on? Wouldn‘t it be nice to have a coin you can recommend to your buddies without having to fear they‘ll be dumped the second they invest at ath? +I love Elon Musk, but wouldn‘t it be nice to have a coin based on an actual working financing-system and not basically the biggest shitcoin in history? + +Don‘t get me wrong. I love Doge. It was the first coin I bought and I‘m still holding some. +But if you look at it technically it‘s an uncapped coin with no benefits and an inflation-rate that is not about to slow to an acceptable level before 2025. + +Let‘s have a look at Safemoon. The next big community-coin. Compared to Doge, where 68% of all coins are held by the first 100 wallets Safemoon seems great. Shares are distributed and you have a huge dead-wallet making it more stable than BTC with 25% being dead. Who would invest in Doge if you know about Safemoon? And Safemoon is already starting to build up intrinsic-value, contrary to doge, which is just cute. I love Doge. + +So why not just buy Safemoon and forget new coins you ask? Because although the tokenomics of Safemoon compared to Doge are great the whale situation still isn‘t optimal. One at 4% and several at 1% hold a whole lot of wallets under them that depend on their mood. + +And here comes $SYA into play to safe all our 🍑 + +I found the telegram-channel on Saturday. It had less than a hundred participants. Apparently some guys wanted to start a social project and started a Telegram-group at 1pm. At 8pm it had like 200 participants. The devs show their faces in videos from the beginning. You got names, linked-in, everything. + +At the time of around 100 participants I already did my research and knew who they were. + +The community forms really nicely around the very active and easy-going devs. The demand for presale exploded. 15 hours ago 300 people signed a form for presale-registration. It‘s getting to 500 now and is capped at 500. + +The website is built as we speak and the first NFTs are already designed. + +They haven‘t yet announced their tokenomics but it‘s gonna be a no whale, anti-dump policy which is what I personally am searching for since I started looking into tokenomics. Since I already Know who the devs are I‘m sold. I‘m so damn sold. + +Oh wait, you‘ll propably wanna know, too: + +——— +We have a lot FinTech and Consumer Tech experience and are the leading designers, marketers, brand builders and developers behind Europe's and Asias biggest banks including N26, Cookies, Klarna and WeLab. @danieldalen and I are working on $SYA because it's a fun project and we're learning a lot interacting with you and the technology. Our intentions are sincere and we value full transparency. Just bear with us as we build this rocket ship 🍑 + +All that said however, I want to be absolutely clear: This is not financial advice, DYOR. We're giving it our all to build something that will survive the cycle of meme and shit coins! ⚡️⚡️⚡️ +——- + +Do you get this? Do you get what these guys are actually capable of? + +Take any shitcoin out there that turned into more. None of them had a product before they were able to afford one. Safemoon is now building a cex/dex. Do we know they found someone capable? With that cap I‘m sure they did. But did they? In our case we KNOW these guys are capable. They build technical infrastructure for banks. Do you know klarna? I do. If we put enough money into $SYA this is bound to print money. Because these guys know how to. And they even try to build tokenomics that will safe our 🍑 from not being safed by paperhanding and whales. Did I mention I‘m in? This is 100% no rug. How often can you say that? + +Elon Musk is using Dogecoin because he has a vision building a decentralized currency for everyone to use. Safemoon is creating a credit card that will let us pay with Safemoon based on bsc chain. Bsc chain Credit cards are already being developed. + +Do you know who is capable of creating a credit-card for us based on an actual use-case? These guys are. Whatever is happening while this coin exists we can rest assured that our devs are capable of building something that will get us...get us...where is this going to get us? I‘ll tell you. Not the moon, not Mars, no other galaxy, this thing will blow up space-time continuum. One moment you‘ll buy some $SYA and the next thing you’ll know the rocket already left. With you. And there will be no whale you‘ll have to fear everytime you check your balance. No, you can rest assured a big group of assholders holds your ass. They‘ll all hold each other’s asses and yours will be one of them. + +And with the united power of assholding we will transform. We shall all become Asstronauts! + +This is obviously not financial advise since I still believe in the power of a community and of course DYOR but this thing is going to explode. + +Don‘t worry if you missed the presale. We will hold and therefor safe your 🍑. $SYA + +————————————————————————————— +Don‘t close your other positions. Spread your stakes. Don‘t be greedy. Don‘t place money you can‘t afford watch dip. +————————————————————————————— + +Edit: We talked about releasing this prior to the release of the website and roadmap and such because we know you guys love that stuff but decided to let everyone be part of the creation of something special. You can watch pros create a project. I‘m not one of those pros. I was just lucky enough to find them. + +They just had the first AMA (on day two) and they really have a vision. No one can guarantee this vision will come to fruits but I‘m well ready to throw my money at them. + +https://t.me/saveyourassHQ +**YOUR ONE UPVOTE CAN SAVE SOMEONE MONEY FROM GETTING SCAMMED.** + +Student coin \[[https://coinmarketcap.com/currencies/student-coin/](https://coinmarketcap.com/currencies/student-coin/)\] is a SCAM project who are stealing user Funds by fooling them , If you have also invested in this project then all your funds is lost. + +They are giving OFF CHAIN token to users and and making them feel that they are receiving actual tokens but in reality they just add figure in their portal and users have no control in those tokens. + +\[[http://prntscr.com/11b7wc6](http://prntscr.com/11b7wc6)\] + +THEY ARE TAKING EACH USER FUNDS in different wallet and not using 1 wallet, If they will use one wallet then it will be easy for user to track them. + +they are selling 50k token in 1 eth in uniswap and 100k token in 1 eth in launchpad , but there is no option to withdraw any launchpad token, so its a trap + +On otherside they listed token in Uniswap and then coinmarketcap listed them and many new investor get in trapp with them, CMC listed them without any investigation and they are also advertising with them. + +COINTIGER exchange also listed them and are involved with them , cointiger only cares about listing fee + +When one user reach them and raised this issue then they said \[ [http://prntscr.com/11b8fmh](http://prntscr.com/11b8fmh)\] + +So whoever is reading this post kindly UPVOTE and spread this post so that ADVERTISE stop advertising this scammer project . + +**YOUR ONE UPVOTE CAN SAVE SOMEONE MONEY FROM GETTING SCAMMED.** +found this and it was good. + +[original post](https://www.reddit.com/r/wallstreetbets/comments/y5jn6j/beyond_meat_cuts_19_of_workers_including_coo/) + +https://www.msn.com/en-us/news/other/beyond-meat-cuts-19-of-workers-including-coo-accused-of-biting-man-s-nose-in-road-rage-incident-stock-crashes/ar-AA12ZLAI#image=AA12ZV4m|2 + + + Beyond Meat cuts 19% of workforce including disgraced COO, according to a release from the company. + CEO Ethan Brown says the plant-based company is 'significantly reducing expenses' in an effort to focus on growth. + As of Saturday morning, Beyond Meat's stock has fallen nearly 10 percent. + +Beyond Meat has fired the executive accused of becoming violent after a college football game along with 19% of its workforce as the demand for plant-based meat cools down. + +In a Monday report, Beyond Meat announced that Friday would be the last day for their Chief Operating Officer who was suspended in September. The plant-based company's stock was down over 9% as of Saturday morning, according to CNBC. + +Although it remains unclear exactly how many employees were let go, the company ended 2021 with about 1,100 employees. +I just got a bill saying my electricity for last quarter is £100 more than the each other previous quarters which I am confused on. + +I was wondering what are the usual culprits for high electricity. As far as I know, our household has done the same thing for the last 3 months but on the bill it’s saying we used almost 300kwh more this quarter. And I can’t pinpoint what it was +Hi, so I am completely lost and feel broken. Not suicidal but just feel like crying. + +My situation + +In 2018 I met a girl, we started dating and in early 2019 she got pregnant. She was struggling financially, and although I had my own debts, a loan and car finance. + +As the father of her child I tried to step up and help out, I ended up entering into an IVA to try and keep everything afloat. + +Towards the end of 2019, before my child was born, I trusted the girl with my bank card, she took out £1,000's of pounds over a couple weeks. I missed payments on both my IVA and car finance. Our Son was born and we split up, the child was initially taken into care due to my now ex. I gave up my job to fight and won custody. + +During this period I kept up with my IVA but feel further behind on my Car finance. Then lockdown happened and quite frankly I forgot about the debts. I continued paying my IVA, but heard nothing further about the car, + +In September this year, I got a new job, and contacted the car finance straight away to try and sort out an arrangement however they have already begun legal action. I made an offer to pay as much of the debt as I am able, however they want to repossess the car unless I find almost £9K + +I do not have this money available. If I lose the car I will not be able to make any payments and I need this money to be able to care for my son. Frankly, I am at the end of my rope and have nowhere left to turn. + +Please can someone help me... Any advice is welcome, it's been mentioned they can take me to court if I don't return the car, if I do return the car, I will still have debt and I won't have any income to pay it. I have no family or friends that can help me out. What do I do? +https://www.nytimes.com/reuters/2020/09/04/business/04reuters-tesla-index.html + +Things are not looking good for the wildly overpriced company lately. They're down another 6.6% in after market trading since the news. They will need to announce something revolutionary on battery day to maintain their current price range. +website https://zenon.network/ + +Trading https://www.coingecko.com/nl/coins/zenon + +Everything you need to know about ZNN https://shazzamazzash.medium.com/zenon-network-an-apes-guide-to-the-galaxy-7aad7dacdfef + +Moonpaper https://de.catbox.moe/26kuuh.pdf + +Based Bitcointalk announcement https://bitcointalk.org/index.php?topic=5279643.msg55303681#msg55303681 + +Syrius Zenon wallet introduction https://youtu.be/t6A7vKhp-MY + +based anon explanation 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. + +The TA: +https://twitter.com/MomoIsKey/status/1382360009863016454 +Hello, while everyone is doing this(in a horrible way), I thought to let's discuss on some low cap gems so that they can have better visibility. Conditions are as below: + + +1) Should be low cap sub $30-$100M market cap. This is subjective and not the holy grail, if the project is like good a lower or higher mcap is welcome! + +2) Should have solid(verified) partnerships. + +3) Super strong team(product, engineering, marketing) with solid credentials(educational background, experience, etc.) + +4) Do they really need the blockchain? Couldn't they offer their services without a token? + +5) Solid Tokenomics + +Not necessary but good to have: If the project has active user base/active app/active product. + +&#x200B; + +Let's bring it 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!* +Pretty much sole owner one triplex had to pay renos, court fees, maintenance ect and its all from my personal money. + +Do the cash flows ever start piling up enough to start paying your self back? Or you just leave it all there for the next repair? + +Ive only owned 2 years but just feels like im baby sitting a house for the bank +I spend a lot of time on sites like Redfin and Zillow and have come across a few properties (fourplexes) that seem like good investment properties when I run the numbers even using conservative assumptions. But then I see the properties have been on the site for 50+ days and it makes me wonder if I'm missing anything. Is it wrong to assume that good investments get bought up quickly? +I know a great many people that are paying extremely high amounts of money in subscription fees. Sometimes they don't even know that what they're doing is a subscription. Most of these things will require some upfront cost to get started if you want to make a seamless transition. Unfortunately that can't be avoided. + +Note: I'm Canadian so these prices may be different than you're used to in a different location, and the prices include taxes which will vary form place to place. + +Cable bundles are one of the worst. Four years ago we cut the cord. We were paying $250/month for a cable bundle, and that wasn't even close to the top package. Now the same package is about $280/month. In order to cut the cord we still needed to keep entertainment for us and the kids. And we needed that entertainment to be accessible and easy to use. We also needed to maintain a home phone, but that's not the case for all people. Over the years we went through a few different iterations of streaming apps and devices. Eventually we settled on an [amazon fire tv stick](https://www.amazon.ca/Fire-TV-Stick-Basic-Edition/dp/B01ETRGE68/ref=sr_1_1?s=amazon-devices&ie=UTF8&qid=1523452127&sr=1-1&keywords=fire+tv+stick) and an app available at /r/TerrariumTV/ along with an ad blocker from blokada.org, and of course Netflix. We also picked up a [$100 Ooma Telo](https://www.amazon.ca/Ooma-Telo-Phone-Service-Device/dp/B00KWTAT3W/ref=sr_1_2?s=amazon-devices&ie=UTF8&qid=1523452243&sr=8-2&keywords=telo) to get us setup with home phone through VoIP. We now pay $63.19 for internet from a local reseller, $13.99 for Netflix, and $4.58 for Ooma. That's saving us about $200/month. + +The next subscription fee I went after was my cell phone bill. Now, many people will argue with me, "It's not a smart phone without a data connection." is the typical argument. I disagree, a smart phone is a smart phone for more than just a data connection. So I looked at what I would *need* a data connection for and aside from navigation I couldn't come up with anything. I still need internet access on my phone to conduct my daily life. But I can get by with wifi and that's avialable in many places. I use offline games, and I have a $35 offline navigation app called [Sygic](https://play.google.com/store/apps/details?id=com.sygic.aura). I'm now paying $17.25/month instead of $90/month. A $70/month savings for both phones, so another $140/month saved. + +We have an alarm system in our house, which might not be very applicable to most of the audience here, but it's cheaper than a big dog and it doesn't piss on the floor, so here we are. Originally we were monitored with ADT at $46/month. Now we're with Eyezon and it only costs $9.78. This required me to install a [$110 daughter card](https://www.amazon.ca/Eyez-Envisalink-RECEIVE-EMAIL-ALARM/dp/B016WQTJ4S/ref=sr_1_1?ie=UTF8&qid=1523451607&sr=8-1&keywords=envisalink) in the alarm, which sounds scary, but really was only following well written directions. This is saving us about $35/month. + +Every year I take a look at different insurance companies. I was shocked when I realized how much difference ther can be when you find a company that targets your present demographic. Insurance is expensive here and different people at different ages and life situations will find a better deal with different companies. We switched to Allstate and it saved us another $100/month. + +Spotify has a free version that only requires you to listen to an ad once every half hour, they also have a student deal IIRC. + +Many people rotate through streaming apps like Hulu, Netflix, Amazon Prime, etc. They'll watch what they want to from one, cancel it, and go to the next. Rinse and repeat. + +Ok, so that's all pretty obvious stuff. A lot of people don't see those, but that's still the more obvious stuff. The less obvious things were items that wear out or need maintenance to keep them running efficiently. I could get snow tires for my car for about $90/tire from Malwart, or tires that have the exact same tread design from Canadian Tire for $125/tire. Seems like the Malwart version would be the way to go right? Nope. The Canadian Tire version of those Goodyear tires has a compound that lasted twice as long, four seasons vs two. When I factor in installation, tire recycling fees, and taxes, that's only $160 extra for two more winters, or a savings of almost $400. Most of you likely don't have a Canadian Tire near by, but you can likely find a similar thing near by. + +I really like the look and feel of Sketchers shoes for daily use, but they fall apart in a year. Clarks has some similar designs, they cost about as much, and they're pretty comfortable, but they last several years for me. + +Old Navy/Malwart/etc. clothes is another less obvious one. They fall apart quickly because they're cheaply made. Cheap thread, low quality control, and thin material. This one takes time, you have to make a concerted effort to pay for better quality when you buy new clothes. /r/buyitforlife can likely help point you in the right direction for affordable but good quality clothes. + +If you're willing, buy tools when they're on sale and you have a few extra dollars. Most hand tools from harbour frieght aren't as bad as they were, and are decently servicable now. They're also guaranteed for life, at least at the Canadian version called Princess Auto. Canadian Tire hand tools are also great quality and guaranteed for life. With those tools you can fix and maintain the machines in your life. A socket set and a screw driver set can go a very VERY long way to keeping things running instead of paying someone else to do the work for you. + +Water heaters have something called an anode in them. The anode is a sacrificial part that will corrode so that the tank doesn't. But, being sacrificial they don't last forever. When the anode corrodes away the tank will start to rust, and that will lead to replacing the tank. A new [anode rod](https://www.amazon.ca/Rheem-UV11524C-Magnesium-0-84-Inch-Diameter/dp/B00DSOQDZ6/ref=sr_1_5?s=hi&ie=UTF8&qid=1523453821&sr=1-5&keywords=anode+rod) is about $33. If you inspect it every year and replace it as needed your water heater will last forever. It might still need elements, pressure and temperature valve, and thermostat replacements periodicially, but it'll be much cheaper than replacing the tank evey few years. Oh, and while you're inspecting the anode every year drain the sediment from the bottom of the tank. + +While I'm on the subject of maintenance, make sure you clean and or replace the filters in your HVAC equipment. The energy use penalty for not doing so can be drastic. + +Let me know if you have any questions, and I've love to read about other similar ideas and success stories you've had with reducing subscription fees. +I am beginning my journey on teaching myself how to build a trading system. I have some knowledge of python as a language, however my math skills aren’t as sharp as I would like them to be. As a foundation and starter I picked up Practical Discrete Mathematics by Ryan T. White from Amazon. My question is, should I be spending much time on learning it, if so are there any other sources online or in text you found valuable to system building with discrete math? +Coming from the longer term investing world where a sharpe ratio of 1 is awesome, I'm curious as to what a strategy with SR>10 looks like. Are all such strategies high frequency trading like on millisecond or centisecond time scales? +The Reddit Challenge. Virtual Stock Exchange game, can you out trade other Redditors? (self.finance) + +This is a continuation of last year's Reddit virtual stock exchange game played on Marketwatch last year. + +I used to run this game with people from work, it was always a lot of fun. Here is how it works: +This website (run through marketwatch.com) uses the real and active stock market to get its data, it then gives you a set amount of fake money to make trades. It delays the trades like the real market would, it lets you do short sales, set limits on buys and sales, do all kinds of real market tricks as if it was a real trade. + +I'm setting up a new game for Reddit to play. The rules are simple. +You get $100,000 to start off with. + +The game will run 3 months, starting today. It will end on 5/22/2013. Players can join at any time. + +No stocks can be bought for less than $2. (this prevents someone from putting all $100,000 into penny stocks, then when they rise 1 cent selling and then not trading any more till the game ends. >$2 makes the game more risky.) + +All symbols and markets are open to be played. +Each trade will cost a $10 commission. + +Selling on the margin is disabled, you only have your $100,000 to play with. + +Short selling is enabled. + +You can not trade in partial shares (must purchase in full share increments). +www.marketwatch.com/game/100k-virtual-stock-market-game + +The more people play the more fun this is, if we get enough players I'll make us our own Subreddit. + +I personally know very little about the stock market, I've never traded for real money, only this game. Everything I know I learned from playing this game, it is quite educational. It can be as complicated and time consuming as you want to make it, we used to have guys who would flat out day-trade the game, and others who made a few purchases and then let it ride for the whole game. + +The game is now up and running, hope to see you there. + +You will need to make an account to play, which is free, (obviously, how else would it track your profile). + +Due to request, official subreddit created!! +http://www.reddit.com/r/reddit100kstockgame +:EDIT: Okay, some of you are nitpicking and drawing your own conclusions. + +* Kid = child. There is no distancing in using the word kid. Maybe it's local/family vernacular. It's just what we say. She's my little angel. +* Mother of my child because that's what she is. I can't say wife because she isn't. We may not be lovebirds anymore, but we're still dating. +* Clothes. One redditor mentioned maybe he treats it like a uniform. That's what I do. I went from an actual required uniform to doing whatever I want. I work in a machine shop out back almost every day. So it's carpenter's jeans and a sweater. Yes, I bathe and wear fresh underclothes. Wow. +* Hair. I went from $10/hr with a required high 'n' tight to doing whatever I want. So I'm growing it out (and trying to escape a mid-life crisis receding hairline). +* You should have paid it off sooner. I went from $10/hr in 2012 to $80k annum 2013 to $150k annum 2014. I had a lot of debt repair to do in those first good years. + +I follow this sub regularly, but I wouldn't say I'm actively on FIRE. I save/invest heavily in my retirement accounts, but have a leisurely enough lifestyle as-is that I don't think I'll retire earlier than say my 50's. I'm 36 now. + +I'm extremely frugal in some areas (haven't bothered with a haircut in almost a year, wear the same exact clothes every day (minus underclothes)) and borderline excessive in others (my one true hobby is my little airplane that cost me $30,000). + +Everything else either is reinvested into my self-owned business, retirement or my kid. + +Having said that, I live in a very low COL area, but make about $130k. That's serious money out here. The mother of my kid lives with me and fends for herself as far as her bills go. The big bills (mortgage, utilities) I handle. What's funny is I can run this company anywhere in the country. In SF or NYC, that $130k won't go very far. This was key for.... + +Buying a brick ranch starter home 1/1/2007 for $64k at 6% fixed. Nice quiet dead end street in the city, lots of kids running around, most of the time the neighbors aren't morons. Typical American Dream. + +Almost 11 years to the day, I have it knocked out. I ignored offer after offer to refinance at around 3% because I knew this day was coming soon and there was no point in going through the paperwork headache to save maybe $200 in interest (providing I had it paid off when I thought I would). + +If you really dig through my trollish post history, you'll find the random post here and there where I ask if it's better to pay off the house or invest heavily. Most redditors said to invest and keep plugging away at the loan. + +I've always patently disagreed with that. The house is now mine. Free and clear. My insurance and taxes **combined** don't equal $1500/yr. As an old boss once told me, "Always worry about your house first. You get that paid off and it doesn't matter what happens to you financially." + +I took that to heart, especially with my current business. My income could dry up at a moment's notice and I'm basically unemployable otherwise. It always just made sense to get a guaranteed roof over my family's heads. + +**TLDR**: Bought $64k house 1/1/2007 making what is probably min wage now. Paid off yesterday after bumping up to low-mid $100k's in 2014. Also, I'm apparently an aspergers-riddled hermit. +Sorry if this is the wrong place for this. + +My housemate, who is the bill payer of our house, asked us all for our bill money (£45 each, but over 5 people it adds up) and he spent it. I don't know exactly on what he spent it, but I know how that he has no money and can't afford to pay our bills for the month. + +I can *just about* afford to cover the whole bill payment, but as I'm only recently employed and have been surviving on universal credit, I'd prefer to go down other avenues before committing to that. + +Does anyone have any advice? I'm going to make sure that all future bills come from my account and not his, to prevent this from happening again +Seriously dudes/dudettes. If you are running the algos, databases and server farms, you need to protect yourself. You need to contact the SEC and get whistle blower status. + +https://www.sec.gov/whistleblower + +You can get wealthy and get immunity from the illegal crap you have been doing. Otherwise, I feel sorry for you, but I don't want you shown any mercy. I once worked for 5 years in financial IT as a developer. I didn't do anything shady like some of you are involved in, but I did see technically how you can do what you do. Especially when directed to do so. + +You need to whistle blow and hope you can get protection from what is coming. + +* don't really see a flair for this, so I will add "What do you all think?" so I can flair it with "Discussion / Question" +I am about 40 years old and managed to save about 100k. My salary is about 80k a year. I pay 2k in rent. + +Anyway it took me almost my entire life but now I think I should buy a house but most reasonable homes are very expensive obviously. That will likely not change anytime soon. + +Anyway should I just keep renting and saving money? Put all my extra income into sp500 index fund? And wait for the cost of housing to drop before buying? + +Thanks + +Edit: Read all the comments guys thank you for helping me +I understand why this subreddit has vents/rants, sometimes you just have to let things out. + +But, there's been so much defeatism type of posts. From rants/vents to other posts outside them. + +What can we potentially do to make this a more helpful place? I try Googling stuff whenever someone has made a comment. Healthcare, where to get food, help to pay bills, etc. But that can only go so far. + +Maybe more success stories? Maybe more resources that people might not be as aware of, maybe something else? +Controversial DD. Just gonna jump right into it. [SEC, Blackrock, and Hedge funds](https://www.cnbc.com/amp/2018/10/05/elon-musk-says-on-twitter-blackrock-helps-short-sellers.html) were trying to kill Tesla and make Elon an Elizabeth Warren-level fall from the sky. As he claimed multiple times, he had the biggest short bet out against him in history. Blackrock was, as they are for most companies, leading shareholder and therefore [essentially controlled the board](https://www.reuters.com/article/us-tesla-musk-blackrock/blackrock-voted-to-replace-teslas-musk-with-independent-chairman-idUSKCN1LG01R). They were kicking the dog too hard, [and the dog bit back.](https://mobile.twitter.com/elonmusk/status/1026872652290379776) Instead of fighting through the way of company development, growth, and market capitulation, he just decided to play their game and fuck the system. [SEC didn’t respond well to this.](https://www.sec.gov/litigation/complaints/2018/comp-pr2018-219.pdf) They took him to court on the basis that he didn’t actually have funding to go private, a point he’s adamant they’re wrong about. [Going private means share recall](https://www.investopedia.com/ask/answers/05/publictoprivate.asp), recall means MOASS. [SEC and Elon reach an agreement after private meeting.](https://finance.yahoo.com/news/elon-musk-sec-told-meet-170606314.html) Assumingly +, with the knowledge we have now, on the agreement that he doesn’t start MOASS [and the agreement to stop fucking with his company?](https://www.institutionalinvestor.com/article/b1mzy62nf393lw/The-Longest-Unprofitable-Short-I-ve-Ever-Seen) Hedgefunds manipulated price down to a level where they could [switch the position](https://www.barrons.com/amp/articles/hedge-fund-citadel-discloses-huge-stake-tesla-stock-51587762771) from net short to net long, bought OTM calls, then he activated what Mr. Cohen will do soon and [split the stock](https://www.barrons.com/amp/articles/tesla-stock-split-51648464480), resulting in an unprecedented squeeze both by burning all the OTM Puts that other funds had against him, and quickly catching FOMO and the OTM Calls that hedge-funds recouped and made. This deal made him the richest man in history. +Pretty self explanatory. You may not believe things will go down, and if so it’s not my intention to argue — I’m familiar enough with investing to know value stocks will win if held in the long run and I understand we’re in the greatest bill run in history BUT I can’t help but see breaks in the dam. I’m looking to make money when things go down. + +Mostly concerned with: + +1. Exorbitant P/E ratios fueled by aggressive buybacks — inflates stock price without adding any tangible assets to companies +2. Powell had no room to lower rates, we’re at the bottom, when we go up it will massively affect business lending and many low-margin businesses won’t be able to stay around without massive price increases +3. Inflation isn’t transitory. Now that money velocity is returning to pre-pandemic levels we are seeing inflation everywhere. It’s not just cars. Unless there’s more lockdowns you restrict spending, you can calculate CPI anyway you want and it will continue to climb +4. The reverse repo market is super sketchy and more banks are participating + +You may not agree with any of this and believe the bull market will continue forever, but I believe we’re back in the pickle faced by Carter and will need to boost interest rates to combat inflation at which point a great majority of small companies will fold — and largely inflated P/E ratios will fall resulting in a catastrophic loss of market cap on Wall Street. + +If you think this is possible, or heck even if you don’t, humor me and let me know how you’d invest. I’ve got some shares of FAZ, SPXU, and UVIX because they seem to have blown up when interest rates racheted up in fall of 18 and I expect a similar performance when the fed realizes it can’t print its way out of the PE bubble it’s created. + +Thoughts? +Guten Tag to this global band of Apes! 👋🦍 + +Apes, it feels like events are quickening, with each day in the Institutional Shorts' struggle to survive costing them another whack of the MOASS piñata. Yesterday opened with another highly-concerning inflation number, showing that the Fed's monetary policies continue to drive the US economy toward the brink of disaster. Meanwhile, Ortex again showed GME at 100% utilization (as well as a short squeeze signal, for what it's worth) and we saw an early price-bump back above $130. Meanwhile, Credit Suisse reported an enormous loss for 2021, and Melvin Capital continues to have a downright awful year, possibly having been margin called yesterday. + +All of these things show how volatile the situation going forward is for the SHFs. They are up against unstoppable forces - GameStop is in an incredibly strong position to revolutionize retail, with an enormous warchest, a team of high-performing true-believers, an enthusiastic customer base, and partners lining up to join their movement. Our Diamantenhände have brought us this far, and *nobody* is selling. DRSing your shares will keep the pressure on, and we may soon see exactly what a squeeze with the float locked in ComputerShare looks like. + +Today is Friday, February 11th, 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: **$119.74 / 104,67 €** *(volume: 1478)* +- 🟥 115 minutes in: $120.31 / 105,17 € *(volume: 1409)* +- 🟥 110 minutes in: $120.32 / 105,19 € *(volume: 1355)* +- ⬜ 105 minutes in: $120.35 / 105,21 € *(volume: 1352)* +- 🟥 100 minutes in: $120.35 / 105,21 € *(volume: 1352)* +- 🟥 95 minutes in: $120.44 / 105,29 € *(volume: 1297)* +- 🟥 90 minutes in: $120.55 / 105,39 € *(volume: 1294)* +- ⬜ 85 minutes in: $120.62 / 105,45 € *(volume: 1294)* +- ⬜ 80 minutes in: $120.62 / 105,45 € *(volume: 1285)* +- 🟥 75 minutes in: $120.62 / 105,45 € *(volume: 1278)* +- 🟩 70 minutes in: $120.74 / 105,55 € *(volume: 1269)* +- 🟩 65 minutes in: $120.58 / 105,41 € *(volume: 1214)* +- 🟩 60 minutes in: $120.34 / 105,20 € *(volume: 1213)* +- ⬜ 55 minutes in: $120.31 / 105,17 € *(volume: 1210)* +- ⬜ 50 minutes in: $120.31 / 105,17 € *(volume: 1175)* +- 🟩 45 minutes in: $120.31 / 105,17 € *(volume: 1175)* +- ⬜ 40 minutes in: $120.28 / 105,15 € *(volume: 1168)* +- 🟥 35 minutes in: $120.28 / 105,15 € *(volume: 1166)* +- 🟥 30 minutes in: $121.42 / 106,15 € *(volume: 576)* +- 🟥 25 minutes in: $121.45 / 106,17 € *(volume: 574)* +- ⬜ 20 minutes in: $121.51 / 106,22 € *(volume: 522)* +- 🟥 15 minutes in: $121.51 / 106,22 € *(volume: 202)* +- ⬜ 10 minutes in: $122.11 / 106,75 € *(volume: 192)* +- 🟩 5 minutes in: $122.11 / 106,75 € *(volume: 107)* +- 🟥 0 minutes in: $121.71 / 106,40 € *(volume: 106)* +- 🟥 US close price: $122.47 / 107,06 € *($121.39 / 106,12 € 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 1.1439. 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 am curious if the current price action reflects an upcoming sell-the-news event for this year. No, I don't think 1559 is fully priced into ETH, and we have a *lot* of upside in the long term. But, lets look at some other major milestones in 2021 so far: + +- Coinbase debuted as a publicly traded company on April 14, 2021. Bitcoin reached its ATH for the year precisely at this time, and afterwards has not seen $64k since. + +- Dogecoin reached its ATH of around .70 cents on May 6 while the Elon Musk episode of SNL was aired shortly after on May 8 and DOGE hasn't seen that price range since either. + +Ethereum is about to get its biggest newsworthy event for 2021 with the adoption of EIP-1559. While I do think that ETH 2.0 is definitely the larger narrative for where we are at as a community, in about 48 hours there will be Ethereum headlines all over crypto news, social media, and probably the general press. + +How will the spotlight make ETH move? It could go either way, really, and was just something I was thinking about today. + +It's important to note that these other two examples above differ from the current price action of ETH, especially because the news event is not preceded by an All-Time High for us. But will anyone else not be surprised if we see a dip in the charts shortly after 1559 goes live? + +Ether way I am just going to keep up the DCA and HODL while hanging out here with all of you beautiful people. Cheers! +As decentralized exchanges become more popular and provide Ledger/hardware integration I think it is important for people to understand that you still need to sign a tx with your wallet when interacting with the DEX. Unless you verify this tx yourself, you could be subject to signing something malicious. IDEX has a tx verifier which can be found [here](https://github.com/idex-verifier/idex-verifier.github.io). You should also consider setting up an additional hardware wallet that has a completely different seed. Use one Ledger for hodling the majority of your stash and the other strictly for interacting with dApps. This will at least mitigate your losses if you were to sign a tx that could possibly wipe your wallet. + + +Today was the single greatest day in the history of the Internet. Not just wallstreetbets and not just Reddit. + + +The whole Internet. + + +Sometimes, when you're in the middle of a battle, you forget to take a look around and see what's happening. I don't think everyone here has fully grasped just how close we came to losing today. This thing was **over.** + + +We preach diamond hands, but we also saw everything that we've worked so hard for wiped out with the most blatantly illegal manipulation in market history. We couldn't buy. We could only watch as our beloved stock started dropping from the all-time high to a crushing low. + + +The people won't invest if they can't trust the market. And that's where we were. That's where I, personally, was. I was VERY close to paper handing and selling when we hit $112 (Sorry). + + +But then...an absolute **MIRACLE.** + + +A distress beacon that went out from America's allies to the entire world will be remembered as the single greatest moment in the history of the Internet. You came by the tens of thousands from literally all corners of the globe. And many of these were purchases of only a couple shares of stock. Peanuts. + + +But together, you absolutely **OBLITERATED** the opposing force. We watched and could only cheer you on as you stopped the short attack in its tracks and then gained back everything they'd taken from us. + + + +You guys single-handedly reached out to America and said, "We got this." + + +In case you didn't scroll through [this absolutely amazing post](https://reddit.com/r/wallstreetbets/comments/l6y25u/americans_cant_buy_gme_bb_help_is_on_the_way/), here are just a few of the countries that helped: + +(I'm so sorry if I missed anyone - reply with your country and I'll edit to add you!) + + +- Canada + + +- England + + +- Ireland + + +- Germany + + +- Australia + + +- France + + +- Switzerland + + +- Italy + + +- Mexico + + +- Denmark + + +- Norway + + +- Finland + + +- Sweden + + +- Spain + + +- Portugal + + +- Pakistan + + +- Hungary + + +- Scotland + + +- Poland + + +- Kazakhstan + + +- Brazil + + +- Chile + + +- Lithuania + + +- Romania + + +- Singapore + + +- Turkey + + +- South Africa + + +- New Zealand + + +- Gibraltar + + +- India + + +- China + + +- UAE + + +- Hong Kong + + +- Kenya + + +- Japan + + +- Colombia + + +- Slovakia + + +- Malaysia + + +- South Korea + + +- Bulgaria + + +- Iceland + + +- Albania + + +You saved us. You saved Americans. + + +Thank you. We are forever in your debt. + + +**EDIT** + + +- Iran + + +- Greece + + +- Uganda + + +- Israel + + +- Wales + + +- Uruguay + + +- Netherlands + + +- Austria + + +- Taiwan + + +- Croatia + + +- Cyprus + + +- Slovenia + + +- Vietnam + + +- Lithuania + + +- Cost Rica + + +- Belgium + + +- Nepal + + +- Georgia + + +- Argentina + + +- Jamaica + + +- Puerto Rico + + +- Latvia + + +- Sri Lanka + + +- Malawi + + +- Iraq + + +- Philippines + + +- Peru + + +- Nigeria + + +- Kuwait + + +- Estonia + + +- Malta + + +- Serbia + + +- Russia + + +- Guyana + + +- Ecuador + + +- Czech Republic + + +- Wakanda + + +- The Moon + + +- Mars + Hello everyone! I am a 20 year old woman who lives in the USA, in Massachusetts, and I was diagnosed with polyarticular juvenile idiopathic arthritis at the age of 9. It has become very severe since leaving high school, to the point I am incapable of working even a traditional part time job. + + I have no savings, and my family is only willing to help pay for my medical expenses. Ie. Doctors visits, medication, etc.. + + My goal is to become independent, and take a course in my nearby community college to become a Vet tech, but I am unsure how to go about the expenses of college without any help. I know very little about loans, but am certain I will probably have to take some out to afford school. Luckily, the community college I'm thinking of attending also provides some financial aid. + + I've estimated the cost of attending my ideal colleges to be about $15k a total, which isn't a lot, but for a low income family and an unemployed student, is very daunting. + + I have also been thinking about applying for disability aid, but I am unsure how to. My family also refuses to help me apply, or vouch for me. + + I thank you all for taking some time out of your day to read this post. Any help is appreciated. I am really excited to finally take some steps towards not letting my disability control me and my life! +Sharing a few thoughts on [this post](https://www.reddit.com/r/Superstonk/comments/viyxih/an_unpopular_opinion_or_is_it/) (*"An unpopular opinion… Or is it??"*) by OP [u/HappyBus8759](https://www.reddit.com/user/HappyBus8759/) + +Here's the body of that post: + +>*I’m here for MOASS, plain and simple. I don’t care much for NFT’s, digital wallets, partnerships, or even Ryan Cohen. Big respect to the guy all the same.* +> +>*I’m here to get rich, and fuck over the people that fucked me over back in 2008. I won’t sell a single share until they’ve all been liquidated, and even then, the vast majority of my shares will swim in the infinity pool forever, coz fuck ‘em.* +> +>*I’ve seen many posts over the last 18 months talking about how GameStop is going through a massive turn around, and good for them I say, but that’s not why I bought into the company, nor why I’m still here. Truth be told, I would have bought into whatever company is expected to have the greatest squeeze of all time. It was, and still is, my one and only reason for buying GME.* +> +>*I’m not a GameStop fanboy, and there’s no shame in saying that. GME is a battleground stock for me, nothing more, nothing less. Once this is over, I’ll be taking my money out of the American markets, never to be seen again.* +> +>*And fuck you Ken 🚀🚀🚀🚀* + +Before anyone gets their knives out: This isn't AT ALL meant as an attack or harsh criticism of OP's reason for hodling GME- it’s intended to unite bc sometimes this is a point of contention but it doesn’t have to be- whatever your reason is, that's up to YOU, as it ALWAYS should be. + +# But no matter your individual reasons, I think EVERYONE here needs to make this connection: + +***Regardless of any unique reason for anyone to invest in any public company, the very nature of diverse individuals w/ diverse investment reasons IS SYMBIOTIC:*** + +No company, naked shorted to oblivion or not, can succeed unless its investors believe it has what it takes. + +If follows that if investors believe a company has what it takes to succeed, they'll support that company, at a minimum with their investment dollars. + +So I absolutely applaud OP's commitment to not selling a single share until they’ve all been liquidated, and leaving the vast majority of their shares in the infinity pool forever. I think it's absolutely ok for people here to not be GameStop fanboys, and I absolutely agree there’s no shame in saying that as well. + +But if that company is going to actually succeed, long-term, it takes more than investment dollars. + +**When Matt Furlong talks about how important Net Sales are, he's not wasting his breath or your time.** + +Yes, more investment dollars *support* a rising share price (or should, anyway), but share price is a *reflection* of success- *not* the success itself. + +Consistent revenue growth is absolutely critical to consistent business growth, and a company's ability to reinvest *in itself* **for the sake of its customers, employees, and investors**. + +Without consistent revenue growth, a company is bound to whatever made it money *yesterday*. And as industries and consumers evolve, a company that can't increase revenue is a company that can't innovate, and therefore can't keep up with (let alone dominate) *tomorrow*. + +For the sake of demonstrating this, let's assume the following alternate reality about Sears for a moment: + +* In this alternate reality, Sears was never attacked and purposefully led to failure/bankruptcy +* They still had enough success to exist today +* BUT, they still used all of the moves/strategies they were using before they died + +Does anyone in 2022 really believe Sears could keep on operating successfully like it was 1970/1980? Not a chance. + +And in this hypothetical alternate reality, it wouldn't take an expert to identify the sources of their failure/bankruptcy: *All the horrifically bad decisions and complete lack of meaningful innovations to keep up with an evolving consumer.* + +In order for hypothetical Sears to have avoided becoming a bankrupt zombie, they would have had to make enough of the right changes, at the right times, for the right costs, *to reinvest in their own future*. + +***Back to GameStop, specifically, and reality:*** + +Sears is dead, and no one here is unaware of the same types of attacks that have been perpetuated against GameStop. + +*(edit: “dead” meaning a bankrupt company/zombie stock- not that it’s impossible to come back)* + +If GameStop were to simply be like ~~popcorn~~ hypothetical Sears, they would STILL die, no matter how many apes YOLO'd everything they had into shares of GME (infinite liquidity, anyone?). + +GameStop must, ABSOLUTELY MUST, *make fantastically good decisions and meaningful innovations to keep up with an evolving consumer*, because they MUST succeed as a business (to grow revenue) *and* GME must succeed as a stock (to avoid bankruptcy). *edit: yes, I believe RC & co are doing exactly those fantastically good things, more than we even realize* + +This is *especially* true, considering the attacks perpetuated against them, because, as everyone knows, the shorts are spinning false narratives like their income depends on it (it does). + +That's where your support comes in. + +Like I said above, at a minimum that support comes in the form of investment dollars. And if that's where you stop, that is 100% ok- that's *your* decision. + +But remember, GameStop NEEDS more than that from *other investors* and from *a growing customer base (revenue source)*. + +**So: Whether you're here for MOASS/to get rich, or to fuck over the people that fucked everyone over back in 2008, or for NFTs, digital wallets, partnerships, or Ryan Cohen, or any other reason or mix of these reasons: We ALL have to understand:** + +# Not ONE of our individual reasons for buying, DRSing, and hodling GME will become a LASTING reality if GameStop doesn't make that massive turn around all those posts have been talking about over the last 18 months. + +**And ALL of us can and should help make that happen by supporting GameStop's endeavors REGARDLESS OF WHETHER OR NOT ALL YOU WANT TO DO IS BUY/DRS/HODL.** + +Because if that's you, you're going to need people like me. And by the same token, people like me are going to need people like you. + +**Otherwise, there will be no MOASS, no getting rich, no fucking over the people that fucked** ***everyone*** **over back in 2008, no NFTs, no digital wallets, no partnerships, or any other byproducts of a successful GameStop.** + +# = = = = = = = = = + +# GME is THE battleground stock, and I am fucking proud to stand shoulder to shoulder with u/HappyBus8759 and each and every one of you on THIS GME battleground, no matter your individual reasons. + +And fuck you Ken (from me too) 🚀🚀🚀🚀 + +edit: words +COVID has really screwed us up. My fiancé hasn’t been able to work because a few people on his crew tested positive. So he had to stay home (over two weeks now) until he finally got two negative tests back. Thankfully, yesterday he got his second test results which were negative. So he is clear to work. However, he is saying that he won’t work the rest of the week anyway because he has no one to pick him up (he works out of town). Also, I lost my job because of covid a while back, too. I’m looking for online work, but not having any luck so far. So money is extremely tight. So much so that I am really worried that we will lose everything. We have 6 year old, and it’s a horrible feeling as a mother knowing that we could lose everything very soon. + +Everyone keeps telling us to cut expenses. Save money, etc. But we’ve already cut all our expenses. And every dime is going to bills. We can’t save anything because all our money is going to bills. And we are still very behind. As a matter of fact, we had to use all of our money this week to pay (part) of our car payment and (part) of our phone bill. I have no idea how we will get groceries this week or have gas. So naturally I’m quietly freaking out. + +So with instances like this.. where we have absolutely nothing left over after bills. How am I supposed to save money? I don’t know how when we have nothing *to* save. + +Thank you for any advice! It’s much needed. +Does anyone here think the SEC, FINRA, the OCC, exchanges, or other regulators can take any EXTENDED action to halt or otherwise suspend GME ? I am reminded of KODK last summer. The enforcement authorities called multiple trading halts over several days but the stock was never suspended entirely or otherwise taken off the books for a prolonged period of time. + +If this were to happen to GME how would existing trades and options spreads be handled? What is the likelihood of such an event happening? Thoughts welcome. + +Edit: I don't know why people are down voting my question - it is a legitimate concern and for the record I have CSPs on GME. +Has anyone else noticed that almost without fail, volatility drops significantly from the previous average on Fridays? It's been pretty consistent for a while now. Has this been a long term thing that I'm only now noticing? Or just a recent trend? +Grayscale implicitly values ETH at $7K, reason being total transaction fees is 5x the peak fees of January 2018. (5 x $1400 = $7K) + +According to Grayscale, EIP-1559 is very important for Ethereum, converting it into a consumable commodity through token burning, which could serve as a catalyst for Ether’s value. + +Overall the booklet is quite a good read (need to provide email address in order to download). + +Source: [https://grayscale.co/insights/valuing-ethereum-2021/](https://grayscale.co/insights/valuing-ethereum-2021/) (free download) + +Highlights: + +* Bitcoin is the preferred store of value in the digital ecosystem, whereas **Ethereum has emerged as the leading financial infrastructure, settling over $12 billion of daily transactions.** +* At the time of writing, there are **approximately 7 million Ether locked as collateral in decentralized protocols on the Ethereum network, worth over $9 billion at current prices**. +* We can examine the total daily transaction fees collected on the Ethereum network as a measure of demand, as shown below. Since Ether is the commodity that pays these fees, high fees drive demand for Ether just as an increase in travel might drive demand for gasoline. **Notably, total transaction fees during January 2021 we nearly 5x the peak fees of January 2018. Yet, Ether’s price is approximately equal to that of the 2018 peak** +# 🦧 SMOOTH BRAIN SUNDAY 🧠 + +&#x200B; + +https://preview.redd.it/jhzdm4scym971.png?width=600&format=png&auto=webp&s=72aa0262f15a72a1667ccb20428f787c6fdb5057 + + **New to Superstonk? Been around a while and have a few questions, but at this point you're too afraid to ask?** + +&#x200B; + +https://preview.redd.it/4qzz4ttvym971.jpg?width=599&format=pjpg&auto=webp&s=2fa077947648292bc558461b9ac03e00e69df079 + +**Drop your questions below!! There are no stupid questions! 👇** + +*Obviously please keep the questions to $GME-related* +So basically I’m 17, and every month or so my parents make me show them my bank account app and all my transactions for that month. They are very controlling over my money (I’m only allowed to spend it with their permission despite it being in my name and what I’ve earned) and I really hate them intruding on my privacy. So because I’m not an adult yet are they allowed to see my account? They opened it for me and honesty I have no idea about anything like this. +i’m 17 years old, and recently just bought a 2021 Corolla LE with about 16K miles, for $24,000 dollars. I put 2,000 down and had a 6.9% APR. My monthly car payment comes to about $450 (I make 1300 a month). I had the car for one day and i’m already unsure if i made a good decision. on one hand it’s a known reliable car that will last be a lifetime, on the other hand it’s a asset that I will have to pay off for the next 60 months. + +I bought the car with enterprise and they have this 7 day buy back plan, i’m considering taking this route and just buying a mid 2000s car that i will pay off in a year. is this a good option, or should i stay with the corolla? + +EDIT: car is under my dads name, I’m just the one paying. also insurance is taking care of by my parents. + + +EDIT 2: some more things to add. I am grateful enough to have no financial liabilities besides the car payment. i have a very secure job and can work as money hours as I like. parents are willing to match payments if I keep doing well in school. while the loan is for 60 months I will pay extra to shorten it out. +So a couple of months ago [I bought a 14 unit](https://www.reddit.com/r/realestateinvesting/comments/ktnck1/closed_on_a_14_unit_apartment_building/) for 375k and documented my numbers etc. + +Just heard back form the bank this week. + +I have 2 units down, but they're considering that into their underwriting. + +New building value between 502-540k with 75% LTV of 382-405k. + +They're doing it based on pro-forma numbers: + +7k gross T-3 = 84k annualized + +Expense ratio of about 45% \~ 38k + +NOI = 46k + +Interest = 16k + +Free cash flow = 30k + +Getting a term sheet on Monday and stoked to pull my money out! + +&#x200B; + +Completely doable to BRRR a multifamily property! Market is the Midwest and I'm from out of state. + +&#x200B; + +Happy to answer any questions you may have! +I'm a begginer trying to set goals. All these giant real estate guys explaining how they blew up makes no sense to me. The math behind it makes sense, understand the whole buy real estate, let it appreciate, refinance, and use profit to buy more. But in the end, they still owe back the inflated refinanced amount. What's the purpose of building a giant portfolio with high debt? It seems like a cycle that would never end and never actually be profitable. Or is that the point... Just keep dumping until your lifestyle/life can be written off in some aspect of your business. +TLDR: Am I crazy to quit? +In proof-reading this post, it seems that I just wanted to explain my situation to the well renowned rubber duck. +And maybe wishing for the courage (and/or knowledge) to live the life true to my overall self and not the life I expect from my more responsible, more prudent self. +. + +Finances. +* IRA - $190k. +* 401k - $195k. +* Brokerage - $90k. +* Net cash - $30k. +* No debt other than credit card for living expenses, which gets paid in full every month. +* HCOL area (1 of the highest in the US) but lucky with $750 rent. I plan to move into LCOL state should I RE and the rent terms change. +* About 5.8 years to go before I hit my original FIRE goal of $1M. Or 10.1 years if I can work part time and cover my living expenses without drawing from my investments. +. + +Current job and lifestyle. +* $125k total comp plus health/dental/vision care insurance. +* Finance industry. +* 3 weeks vacation. +* 2.5-3 hr total daily round trip commute in a crowded public transportation. +* 9 hr daily shift with 1 hr daily unpaid OT every quarter. So with commute, work consumes half the day. +* work is easy but repetitive. +* Both 401k and IRA contributions have been maxed in recent years. +* On weekdays, arrive home at 7:30pm or 8pm to play video games or gym or netflix. +* Weekends are for running errands, dinner out. I'm an introvert and quite content so nothing extravagant. +* Healthy but could be more active. Gym has been sporadic. +* Immediate family is also healthy and live within their means. +* No plans to marry or have kids. +. + +Margin of Safety (in case of a catastrophic market event). +* Friend and family able and willing to provide temporary shelter and at least some some food. They are financially solid living within their means, working in different fields. +* Keep CPA license active. I plan to take on part-time work like simple Taxes and bookkeeping. Low profit margins but something low risk in professional liability and allows me to work remotely. +* Dual citizen with even lower COL in my birth country. +. + +Why quit? +* I'm not really sure why. Work is easy but not fulfilling. Boss and immediate co-workers are sane and nice people. I get compensated fairly given the location and industry. I don't work crazy hours or have to respond to emails during off hours. +* But I dread waking up and going to work. I feel uneasy during Sunday afternoon knowing I have 5 days of work ahead. And feel happy when it's the weekend. Thank God it's Friday (aka 5 days of my life is finally over). +* I tried to look for a work from home position but was not able to find one. It's prevalent in this specific industry to have face time. I've read through [similar posts](https://www.reddit.com/r/financialindependence/comments/81fx7e/i_31f_think_im_ready_to_quit_my_job_and_go_work/). +* I'm not getting any younger to do stuff on my list (namely travel). +. + +Why should I keep working? +* 6 figure salary. Also a bit of sunk cost fallacy in which I worked hard to get my professional license and earn my way to this salary to just walk away. +* I like to be pampered which costs money. I've always have to be mindful of lifestyle creep/inflation. +* The thought of no incoming paycheck and eating into the savings is a bit bothersome. I went through an unemployment phase during the financial crisis. Even back that time of crisis, I was on a solid financial footing. +* It's comforting to see my savings rise, especially now that the capital base is big enough to generate decent gains. +. + +What I think I would do if I RE? +* Travel on my own terms. I've always felt rushed with the usual 2 weeks vacation. See Europe again, Hawaii again, Mediterranean, South America, Asia, Nordic countries. +* Build a new career that allows working remotely. +* Play video games. I've always enjoyed this activity since childhood. +* Be more physically active. Get 7 hours of sleep. Consistently go to the gym without rushing to get finished and showered so I can go back to work/games/sleep. +* Learn stuff I feel like learning and not just forced to learn related to work. +. + +Thank you. + +Edit 1 formatting +Edit 2 formatting again. Sorry 1st time posting in reddit. Figuring out how to have text appear on next line. +(laughs in transitory) + +Just a reminder since its almost been 2 years of crime and fuqery. Most of this is cited from old DD a year ago. + +They have, and will continue to literally change the public data as it suits them. [Remember when they changed short interest calculations](https://www.reddit.com/r/Superstonk/comments/stcoxe/ortex_is_changing_the_way_they_present_short/) to prevent [SI over 100%?](https://preview.redd.it/pbe5f56yglm81.png?width=597&format=png&auto=webp&s=54e87f206b1eaf2a27530dbd97f584adfd8e4eb7) + +More in depth here: [The Smoking Gun](https://www.reddit.com/r/Superstonk/comments/tb92al/the_smoking_gun/) + +["Our new model is a machine learning model that is constantly learning and adjusting as new data is released. It works on a stock-by-stock basis and estimates a range of likely levels, given the current state of the market."](https://public.ortex.com/changing-the-way-ortex-presents-short-interest-estimates/) Huh, that REALLY sounds like an accurate and unbiased method /s. If you didn't catch that, SI is **estimated**, not even accurate data. + +['Anything to buy another day'](https://www.reddit.com/r/Superstonk/comments/nz7qzl/ken_griffin_talks_about_how_they_survived_2008/). This is who we're against. "People" willing to lie, gaslight, rub mayo on each other, [and even spend ~$54 million to avoid paying taxes](https://www.forbes.com/sites/giacomotognini/2020/11/05/battle-of-the-billionaires-failed-illinois-income-tax-initiative-drew-more-than-110-million-from-governor-jb-pritzker-and-citadels-ken-griffin/?sh=45930032da4b). You really think he'd close every short position? What's the main advantage of cellar boxing? Oh yea taxless profits. + +Don't forget this banger from mayo boy: + +“Government is way too involved in financial markets these days,” he said. + +**He also argued that America’s richest people need more influence in politics.** + +["**I think (the ultra-wealthy) actually have an insufficient influence**," Griffin said. "Those who have enjoyed the benefits of our system more than ever now owe a duty to protect the system that has created the greatest nation on this planet."](https://www.chicagotribune.com/news/ct-cb-ken-griffin-20190213-story.html) + +found from https://www.reddit.com/r/Superstonk/comments/mou8ww/ken_griffin_exposed/ + +TLDR: A few years ago Kenny argued that the 'ultra wealthy had insufficient influence in politics', and here we are now, with public data, and even WORDS literally being rewritten in front of our eyes. Anything to survive another day huh? (Reference recession definition) +Anyone have any insights on this company? They seem to be a covid play and not much more than that. Currently at $0.25. Their website is really trash and filled with buzzwords without providing any actual information. Seems like a sketchy play but at that price might be worth the gamble. Thoughts? +Anyone have any insights on this company? They seem to be a covid play and not much more than that. Currently at $0.25. Their website is really trash and filled with buzzwords without providing any actual information. Seems like a sketchy play but at that price might be worth the gamble. Thoughts? +Hey all, + +I've seen a lot of stock recommendation threads recently. Though these are helpful, I think a lot of people here would benefit from learning about different strategies to use once they're invested in these stocks. + +Any seasoned small cap investors want to share they're personal strategies? + +Do you have any rules you stick to? For example, I know a guy who cuts his holding in a stock by 1/4 once they hit 150% gain on any stock even if they are still bullish on it, just as a risk management type thing. + +I know a guy who makes gains on small caps and transitions that into undervalued blue chip dividend plays. + +Do you use stop losses as a risk management strategy on the down side? Do you change them daily and at what percentage loss do you activate them? + +Anything else you do now because of a loss you suffered earlier in your investing career? + +Let's add some value to this sub and help the peeps out. + +All the best in 2021! +Today was another successful day for this stock. We saw a very nice daily gain, and support continues to grow exponentially! + +If you have been following this stock for the last few months or more, or have even started to build a position, you have already been greatly rewarded....and this is just the beginning for BIGG Digital Assets Inc. + +Today, the company released more news. Although, after reading the article it may not seem like much, I believe there is more to it then meets the eye. I believe this strategic investment is more about the network of people involved, more so than the dollars invested for a return. I believe this is BIGG building partnerships with other like minded individuals in an effort to continue advancing their own platforms. + +https://biggdigitalassets.com/press-releases/bigg-digital-assets-inc-announces-cad-100000-strategic-investment-in-defi-ventures-inc/ + +Full disclosure: Yes, I own shares. I have my core position, and also do a little day trading with the current volatility. All profits I make from day trading get reinvested as I continue to increase my core position even more. +Can we get a brain storm on some affordable places in Australia with reasonable infrastructure (internet, decent shopping centers, basketball stadiums etc) where we do not need to get a massive mortgage? Interested to see where others live and some great places to live so some of us lower incomes do not need to work to live forever. + +Here is a short list to get started + + +Cairns (affordable but jobs can be difficult. Also very remote and can be costly to visit family if your roots are not based in Cairns. Without tourism the economy can suffer. It does have a strong basketball presence for those who want to play NBL1 or NBL). For gamers, you do get competitive pings to Sydney of approximately 45 depending on your NBN connection type. + + +Townsville (affordable housing however is subject to flooding due to climate change). Insurance premiums can be quite high. Good internet due to defense presence. They have a strong basketball program for those who like basketball and have aspirations to play NBL1 or for their kids. + + +Darwin (subject to a cyclical market depending on infrastructure projects. Also very remote and it can be expensive visiting family. Job market can be difficult depending on your trade. Has great internet however higher than average pings relative to down south for the competitive gamers. The facebook market is over priced as there is no IKea and other competitive retailers. + +As you can see I've mostly picked warmer climate as this is my preference. + +Hit us up with some suggestions for the low to middle class people who can't afford to live in Sydney / Melbourne and other major cities. + +Edit: Let's say a budget anywhere from 350 - 500K. I think that is a nice spread for different families. But feel free to share your own budgets too. As another posted, it is quite subjective what is 'affordable'. +I currently make under 45k. My rent is increasing this year, cost of living in my area is increasing and I need a raise. + +What is the best way to approach this conversation with my manager? Also, what’s a decent percent increase that I should aim for? I will need to start the conversation above this percent because my employer will definitely push back. + +I’ve done nothing but work from home and save this past year. I don’t want to start eating away at what I’ve saved just because I won’t get a raise. + +I live within my means, but think I’m underpaid. Especially for my area. +Guten Tag to this global band of Apes! 👋🦍 + +Apes, this week has solidified my confidence that we are headed directly into market conditions that bring on the MOASS, and also that this group of Apes has the Diamantenhände that will ensure it is an event that changes the world. Many of us entered into this investment as a way to make some quick money, or at least what we thought would be quick money. FOMO and emotions drove many of our investment choices, with elation quickly replaced by anger when they disabled the Buy button and shorted away the momentum of the Sneeze. Many of us lingered and continued to 'buy the dip', all the while developing a better understanding of the forces we were up against and the tactics they were using against us. + +They weren't able to shake our sense that something was still amiss, and during those months Ryan Cohen and the GameStop leadership team began to inspire us with a better vision for the future. They expertly utilized a share sale to ensure the future of the company, and set a long-term course toward a much stronger future. This company is led by true believers in the mission, and is supported by shareholders who believe in that vision as well as the people who are tasked with implementing it. We support them by compensating them with the very same things that have united us - ownership of this great company. + +As the markets continue to adjust to cheap money drying up, let's be thankful that GameStop leadership had the foresight to build the warchest they'd need to weather these times. Many companies are going to have difficulty as borrowing money becomes more difficult. We can expect a long series of articles about hedge funds shuttering and companies going bust, but I couldn't be more secure in how I've invested my funds. + +Today is Friday, June 17th, 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: **$125.81 / 120,97 €** *(volume: 1132)* +- 🟩 115 minutes in: $125.81 / 120,97 € *(volume: 1127)* +- 🟩 110 minutes in: $125.76 / 120,92 € *(volume: 1124)* +- 🟥 105 minutes in: $125.21 / 120,39 € *(volume: 806)* +- 🟥 100 minutes in: $125.22 / 120,41 € *(volume: 806)* +- 🟥 95 minutes in: $125.25 / 120,43 € *(volume: 659)* +- 🟥 90 minutes in: $125.61 / 120,78 € *(volume: 616)* +- 🟩 85 minutes in: $125.75 / 120,91 € *(volume: 591)* +- 🟩 80 minutes in: $125.62 / 120,78 € *(volume: 568)* +- 🟩 75 minutes in: $124.88 / 120,08 € *(volume: 538)* +- 🟥 70 minutes in: $124.84 / 120,03 € *(volume: 538)* +- 🟥 65 minutes in: $125.12 / 120,31 € *(volume: 353)* +- 🟩 60 minutes in: $125.31 / 120,49 € *(volume: 352)* +- 🟥 55 minutes in: $125.29 / 120,47 € *(volume: 350)* +- 🟩 50 minutes in: $125.39 / 120,56 € *(volume: 225)* +- 🟥 45 minutes in: $125.30 / 120,49 € *(volume: 147)* +- 🟩 40 minutes in: $125.32 / 120,50 € *(volume: 147)* +- 🟥 35 minutes in: $125.21 / 120,39 € *(volume: 126)* +- 🟩 30 minutes in: $125.26 / 120,44 € *(volume: 121)* +- 🟥 25 minutes in: $125.10 / 120,29 € *(volume: 120)* +- 🟩 20 minutes in: $125.13 / 120,31 € *(volume: 120)* +- 🟥 15 minutes in: $125.03 / 120,22 € *(volume: 120)* +- 🟥 10 minutes in: $125.08 / 120,27 € *(volume: 120)* +- 🟥 5 minutes in: $125.18 / 120,36 € *(volume: 114)* +- 🟥 0 minutes in: $125.29 / 120,47 € *(volume: 114)* +- 🟥 US close price: $125.73 / 120,89 € *($126.00 / 121,15 € 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 1.04. 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! +Guten Tag to this global band of Apes! 👋🦍 + +The furious rate at which the 'investment news' sources are spreading FUD about how the GameStop short squeeze has come to an end makes me even more certain that we are nearing the final stage of this whole thing. I'm quite certain that the articles aren't aimed directly at Apes, but are trying to plant seeds into the minds of those who haven't yet invested in GME that they shouldn't consider these discount prices. Yesterday's drop has put us very close to the 52-week low, and it's clear that the only ones selling are the SHFs in their desperation to suppress the price. + +I couldn't be more excited for the future of this company. They have a mountain of cash and are using it well to expand their business into the future. They have passionate shareholders, passionate leadership, and passionate customers. They have everything they need to weather this market downturn, as having such a warchest frees them from predatory lending rates or needing to rely on overpriced consultants. As we watch the digital markets and stock markets bleed, rest easy knowing that you're invested in a truly great company, regardless of the MOASS. Averaging down has never felt better. + +Today is Thursday, May 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: **$83.59 / 79,21 €** *(volume: 4394)* +- 🟩 115 minutes in: $83.57 / 79,19 € *(volume: 4210)* +- 🟩 110 minutes in: $83.43 / 79,06 € *(volume: 4061)* +- 🟥 105 minutes in: $83.16 / 78,81 € *(volume: 4045)* +- 🟥 100 minutes in: $83.31 / 78,94 € *(volume: 3610)* +- 🟥 95 minutes in: $83.50 / 79,12 € *(volume: 3123)* +- 🟩 90 minutes in: $83.87 / 79,47 € *(volume: 2949)* +- 🟩 85 minutes in: $83.47 / 79,10 € *(volume: 2916)* +- 🟩 80 minutes in: $83.37 / 79,00 € *(volume: 2681)* +- 🟩 75 minutes in: $83.29 / 78,92 € *(volume: 2531)* +- 🟥 70 minutes in: $83.05 / 78,69 € *(volume: 2485)* +- 🟩 65 minutes in: $83.11 / 78,76 € *(volume: 2428)* +- 🟩 60 minutes in: $83.09 / 78,73 € *(volume: 2312)* +- 🟥 55 minutes in: $83.06 / 78,71 € *(volume: 2290)* +- 🟥 50 minutes in: $83.09 / 78,73 € *(volume: 1844)* +- 🟥 45 minutes in: $83.27 / 78,91 € *(volume: 1602)* +- 🟩 40 minutes in: $83.43 / 79,06 € *(volume: 1557)* +- 🟩 35 minutes in: $83.33 / 78,96 € *(volume: 1421)* +- 🟥 30 minutes in: $83.30 / 78,93 € *(volume: 1303)* +- 🟩 25 minutes in: $83.38 / 79,01 € *(volume: 1199)* +- 🟩 20 minutes in: $83.10 / 78,74 € *(volume: 1129)* +- 🟩 15 minutes in: $82.91 / 78,56 € *(volume: 947)* +- ⬜ 10 minutes in: $82.90 / 78,56 € *(volume: 920)* +- 🟩 5 minutes in: $82.90 / 78,56 € *(volume: 789)* +- 🟩 0 minutes in: $82.85 / 78,50 € *(volume: 690)* +- 🟥 US close price: $81.33 / 77,07 € *($83.46 / 79,09 € 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 1.0553. 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! +The yield curve + +At the point of closing on Friday, the US treasury bond yield curve is slightly inverted between the 7 and 10, besides the slight inversion the yield curve is generally extremely flat pointing at a high probability for a weak economy in the future if not a recession. The yield curve flattening started already last year but became recently only flatter. The yield curve inversion is known to be a very accurate predictor of recessions. +https://www.ustreasuryyieldcurve.com/ + + +The eurodollar futures curve + +The eurodollar futures curve, which is a bet on the 3 months libor, started inverting already early last December and is currently inverted from the Dec. 2023 contract. The inversion is only becoming deeper in the later contracts and suggests that there is a high probability that the economic situation in the near future will be such, that the FED will be forced to stop hiking rates, or even has to lower the rates again. The eurodollar futures curve is also an accurate indicator for recessions and predicted the reaction of the Fed for the GFC as well as March 2020 +https://www.cmegroup.com/markets/interest-rates/stirs/eurodollar.quotes.html + + +The rising dollar + +Since the lows about one year ago, the US dollar is rising rapidly on the DXY. It is already very close to multi year highs and if it keeps it's momentum we could see levels not seen since 20 years. A rising dollar suggests an illiquid dollar shortage situation which isn't any good for the economy. +https://www.marketwatch.com/investing/index/dxy/charts + +The rising oil price + +I think this one doesn't need much explanation, but if the oil price it too high it will damage the economy because it will squeeze out the budget of the people causing to less economic activity for anything else. A quickly rising oil price is associated with recessions and this time the oil price is definitely rising very quickly. +https://oilprice.com/oil-price-charts/ + + +High CPI prints + +Similar to high oil prices, if the CPI rises quickly without similarly high rising wages across all income classes, the people will be squeezed out in their spending for other stuff and services, which is bad for the economy. +https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm + +I think that's not even everything, but at least an overview of important and usually very accurate indicators pointing towards a recession. It's also very interesting, that all the above mentioned indicators were pointing in to the bad direction far before Russia started the war and the west reacted with sanctions, implying that the situation was developing badly independently from the war. Obviously the war on the top makes things only worse. + + What's your take on this data? + + +EDIT: I feel like there is some confusion in the comments, I'm not talking about the stock market, but about an economic recession. The question whether a recession will cause a bear or a bull market is a different one on which I didn't comment at all. + +I’m 29, grew up poor with no concept of financial literacy, let alone retirement planning. I also spent most of my twenties doing odd jobs and travelling which I feel has set me back a few years compared to my peers. It wasn’t until a couple of years ago that I would start taking my career and retirement planning seriously. + +My current salary is at 50k which isn’t much but i think it’s good enough for my level of experience. I can probably expect to be on at least 70k within the next year or two. + +I have 7k in cash, 5k in my retirement fund, and 28k in student loan. Even though I try to live as frugally as possible without sabotaging my mental health, I constantly feel like I’m falling short. I think growing up poor has permanently shaped my relationship with money, and amplified by my lack of early career planning, I just feel so behind and find myself always penny pinching. + +I don’t want to be fucking cheap, I don’t want to be calculating everything in terms of cost, I don’t want to be checking my bank account 20 times a day, I don’t want to put so much time and energy into finding bargains just to save a few dollars. + +In order to combat this I started putting away $30 a month of ‘generosity fund’ for things like donations to a charity or supporting friends’ businesses but in general I hardly feel like I can afford to be spontaneous or generous. + +Im feeling frustrated cause my journey to FIRE is slow and I’m not able to live by my values while trying to play catch up game. How do I find the balance? I’m mostly concerned about being cheap, it’s not who I want to be nor how I want to live. Any tips or ideas on how to liberate myself from living with such a scarcity mindset? + October 26 2021 - By Stan Szymanski  + +Yesterday, I wrote a piece titled ‘[Whistling Past The Graveyard-Investors Cheer The Interest Payment Made By Evergrande at the 11th hour-The Veiled Risks And Deception Of The Orients’ Real Estate Developers](https://www.encouragingangels.org/new-blog/2021/10/25/4650nhhdu4zgbuyfg2gsa79x59ovb2)’ > + +[https://www.encouragingangels.org/new-blog/2021/10/25/4650nhhdu4zgbuyfg2gsa79x59ovb2](https://www.encouragingangels.org/new-blog/2021/10/25/4650nhhdu4zgbuyfg2gsa79x59ovb2) + +because of my concern about the Evergrande situation turning into a global event. I name today’s article, ‘A Tsunami Of Bankruptcy Is Coming From The East’ after reading the [English press release via PR Newswire out of Berlin by DMSA](https://www.prnewswire.com/news-releases/evergrande-international-bond-investors-facing-22-5-billion-usd-write-offs-301407590.html) (Deutsche Markt Screening Agentur GmbH) regarding the research written by former Fitch analyst, Dr. Marco Metzler.  According to the press release Dr. Metzler and co-authors Ewy and Dam they…’*demonstrate in detail in the report for the German market screening agency DMSA that international investors alone have put around 23.67 billion US dollars into 23 bonds and three large loans of the lurching property developer. Among the already known institutional investors are such well-known addresses as Fidelity, Blackrock, UBS, Ashmore Group, Prudential, HSBC, Pictet, Vontobel, BNP and Allianz. "At the same time, we are far from aware of all international investors, but only 148 investors with increased reporting obligations, such as fund companies, who have invested a total of $3.44 billion, are known. There could still be some negative surprises here," believes Dr. Metzler*.’… + +In yesterday’s article I opined about the sheer number of banks and non-bank entities have exposure to Evergrande. Today, Dr. Metzler provides us with the beginnings of a list with names and exposure. Again, please be aware that this list he provides is -not exhaustive-. Many more names will appear and possibly even more liabilities as well as we reported yesterday that [Fantasia Holdings had $150 Million in bonds that do not appear to have been reported in its financial statements](http://%24150%20million%20in%20bonds%20that%20do%20not%20appear%20to%20have%20been%20reported%20in%20its%20financial%20statements/). Will Evergrande also be found to have securities that it has not disclosed to the markets? + +As I also relayed yesterday, investors cheered that Evergrande had reportedly made its past due $83.5 million interest payment with one day left before Evergrande would be declared bankrupt by the rating agencies. Please read what the Metzler et. al. via prnewswire press release has to say about this:…’*The bankruptcy of Evergrande itself, on the other hand, has probably already occurred. As of Monday morning German time, no confirmation had been received - neither from Evergrande itself, nor from rating agencies on the ground, affected bond investors or banks involved - that overdue interest of $83.5 million had been paid at the end of last week - the last possible date of the 30-day grace period. So far, there are only unconfirmed press reports that the interest has been paid into escrow accounts.* + +*However, it has not yet been received by the creditors. This would mean that the company would have gone bankrupt. But even if the interest had been paid this time, it would only be a postponement of insolvency. Because from now on, it will be one blow after the other: The next but one (also already in arrears) must be paid by November 10*.’… + +**So according to Metzler, there is no confirmation that Evergrande actually made the $83.5 million payment even though** [**the press was reporting that Citibank was in receipt of the money**](https://finance.yahoo.com/news/evergrande-bondholders-received-coupon-payment-033037457.html)!!! + +If this is true, it most certainly not only a confirmation that Evergrande is indeed bankrupt, but that the western financial press is compromised and not worth the salt that Edward R. Murrow would have put on his Spam sandwich. + +In the newswires’ paragraph finale:…’*In the view of the report authors, a bankruptcy of Evergrande has the potential to lead to extreme disruption of the global financial system - with bankruptcies of players that are still considered rock solid today. "Triggered by a Chinese financial virus called Evergrande, the world may be facing a 'Great Reset' - the final meltdown of the current global financial system," Dr. Marco Metzler pessimistically concludes*.’… + +How much more convincing does the American public need to convince them to make provision for food, water, shelter, energy, security and if you have the wherewithal, -physical-precious metals to preserve what you have worked all of you life for? Are you trusting God to navigate through what life is getting ready to throw at all of us? + +A tsunami is coming from the East. You must get to high ground so to say. This tsunami has the potential (not a guarantee-this is not financial advice-consult your advisor) to destroy life as we have known it. Can you trust The CCP to tell you the truth about Evergrande? What about the western press? + +[https://www.encouragingangels.org/new-blog/2021/10/26/a-tsunami-of-bankruptcy-is-coming-from-the-east-former-fitch-analyst-confirms-that-evergrande-bankruptcy-is-evident-no-proof-the-company-made-its-interest-payment-as-advertised-last-friday](https://www.encouragingangels.org/new-blog/2021/10/26/a-tsunami-of-bankruptcy-is-coming-from-the-east-former-fitch-analyst-confirms-that-evergrande-bankruptcy-is-evident-no-proof-the-company-made-its-interest-payment-as-advertised-last-friday) + +**Interesting!!!** +Cardanᴏ is way too overhyped and overvalued. How is it the 4th largest crypto without even a working product. All it has are promises,  'smart contracts coming soon'. There so many coins out there that actually have smart contracts. Harmony, Algorand, even fucking Tezos. + +The only reason it's even alive is because its the 'Ethereum Killer'. It's alive because of the FOMO of maybe, just maybe there's a chance that it might overtake ethereum. + +The only thing it has is a Charles Hoskinson, who's created an entire cult built on false promises. + + +EDIT: [lmao](http://imgur.com/a/URJ3Vvq) +Whilst we are certainly not out of the woods just yet, was anyone brave enough to invest more in share markets when they were all getting smashed in recent times? +A lot of people have been saying "What if the government shuts down the squeeze? What if they're afraid of economic turmoil?" I brought up trade agreement violations and loss of trust, but those aren't very convincing. So I'd like to bring up why I know the government won't stop the squeeze. **A huge short squeeze would be MUCH better than the alternative economic turmoil they will experience.** And no, I'm not going to talk about "loss of faith" or "trade agreement violations." This DD is about unfunded liabilities, and how the squeeze will be the ONLY option left to pay them back, avoiding hyperinflation and bankruptcy. (TLDR at bottom) + +This DD talks about unfunded liabilities. What does [that mean](https://ballotpedia.org/Unfunded_liabilities)? + +Unfunded liabilities refers to liabilities, or promises, that are not backed up by assets. + +This can be something like a promised pension to a worker, but the company has no money to back that promise up. + +So why am I talking about unfunded liabilities? Well. . . the US has a lot of those. About [87](https://www.mercatus.org/system/files/debt-in-perspective-analysis.pdf)\~[210](https://www.forbes.com/sites/kotlikoff/2015/05/13/17-nobel-laureates-and-1200-economists-agree-with-ben-carson-re-u-s-fiscal-gap/?utm_campaign=JM-305&utm_content=v37pvp&utm_medium=ED&utm_source=for&sh=787f78704d17) trillion, [in fact](https://www.forbes.com/sites/johnmauldin/2017/10/10/your-pension-is-a-lie-theres-210-trillion-of-liabilities-our-government-cant-fulfill/?sh=4b8ee09165b1). This mostly comes from social security, medicare, military spending, and excess spending causing debt year after year. + +# Where does all this debt come from? + +This mostly comes from Social Security and Medicare, but also excess spending and military. As we all know, the US's medical system is corrupt and only favours those with an extreme amount of money. When the government foots the bill, that's not a light one. However, it's not JUST "Big pharma" taking the government's money. The government has been fucking up too. + +[But fuck Big Pharma too, this is the shit they do.](https://preview.redd.it/ouyswx063p271.jpg?width=591&format=pjpg&auto=webp&s=c9092dcebfa08f7e889199cfe1626ec8bb9c5eec) + +Source [here](https://www.snopes.com/fact-check/alex-smith-died-couldnt-afford-insulin/). + +This increase in cost is because the prices are dictated by the markets, not the government ([in case anyone didn't know](https://www.investopedia.com/articles/personal-finance/080615/6-reasons-healthcare-so-expensive-us.asp)). These businesses know you'll be forced to fork whatever they ask for because you can't live without it, especially for drugs like insulin. Because of that, they can just charge you whatever they want. + +But if the problem with medical expenses is the lack of government interest, Social security has too much government interested in it. + +# The fuck up that is Social Security + +Let me preface this by saying that for 57% of people, social security accounts for a majority of their income. [Even the shills at CNBC agree](https://www.cnbc.com/2020/12/01/why-social-security-may-run-out-of-cash-really-soon.html). Yet, in this same article, you'll see that social security is. . . running out? How is this possible? They blame it on ageing demographics. But that's not the full picture. [People benefiting usually take out more than they put in](https://www.cbpp.org/research/social-security/understanding-the-social-security-trust-funds-0), even accounting for inflation. Take a look between 1982's demographics and 2019 demographics. + +[1982 Population pyramid for the US](https://preview.redd.it/u91yn2zczo271.jpg?width=635&format=pjpg&auto=webp&s=80c8750648aa502b4aed78dfcd834f1819f9ac20) + +So it seems like there are many more younger people working and paying for social security, and only a few people taking that money out. In this system, social security works. + +[2019 Population Pyramid for US](https://preview.redd.it/nlf4deng0p271.jpg?width=661&format=pjpg&auto=webp&s=3f032b76e68709ef82405e8920e93ac9a14fa005) + +Well, it seems there are far more people taking social security payments compared to the people paying in. Considering that people tend to take more than they put in, it's no wonder why it's failing. + +But what about investments? Doesn't the government invest their money? + +From the [government themselves](https://www.cbpp.org/research/social-security/understanding-the-social-security-trust-funds-0), they state that the program is a "pay as you go", meaning younger people foot the bill for older people. Then, any surplus is all invested into government bonds. The government "borrows" money from social security to fund other projects, and then they pay interest. This seems like a good idea, right? At least our third favourite shills at [CNBC](https://www.cnn.com/2018/05/21/opinions/social-security-myths-opinion-richtman/index.html) thinks so. + +However, keep in mind that they went all-in on **government bonds**. The same dog shit government bonds being shorted to oblivion. That, even on a good day, gives you shit returns. Great investment. This isn't even retarded by WSB standards, this is pure stupidy. At least YOLOing calls that expire the next day has SOME chance of making a profit. Investing 100% in bonds that give barely any returns guarantees failure of the system. Why do they do this? Well, it's because it's another source for the government to borrow money. + +**The government LOVES borrowing money.** Why would they pass up a chance to borrow some more? They're incentivized to borrow money because if you build a ton of infrastructure and give people money, they will like you, and want to vote for you. **Who cares about the economic situation in 20 years, if you just want to win the election and remain for eight?** + +# Why do the numbers differ so much? + +The numbers differ so much because of the way unfunded liabilities are calculated. Congress likes to use the 25-year model and can change what gets calculated depending on their wording. However, some economic professors like to use the "infinite horizon", where they calculate the unfunded liabilities if the current system was stretched out to infinity (In reality, it's mostly just within the next 75 years, as anything beyond that is not significant enough to change the numbers). + +&#x200B; + +[Laurence Kotlikoff, the man behind the numbers](https://preview.redd.it/as8j5kn14p271.jpg?width=217&format=pjpg&auto=webp&s=6ba6a07317efb6a62088a2bca9b6f7568fbb4dd2) + +I'll spare you the complex math these Nobel Laureates used to calculate infinite horizon, but basically, the further out in years you go, the less the costs and income matters. So a debt worth 10 trillion in the future may only be worth 1 trillion in the calculation. + +# This is public and accepted knowledge. + +Taking a look at my previous link [here](https://www.forbes.com/sites/kotlikoff/2015/05/13/17-nobel-laureates-and-1200-economists-agree-with-ben-carson-re-u-s-fiscal-gap/?utm_campaign=JM-305&utm_content=v37pvp&utm_medium=ED&utm_source=for&sh=787f78704d17). You can see **17 Nobel prize-winning economists supported the 210 trillion figure six years ago.** **This is NOT a debated topic.** Politicians simply avoid mentioning this because this is a ticking time bomb. While there is some debate over the exact amount, as seen [here](https://www.washingtonpost.com/news/fact-checker/wp/2015/05/13/ben-carsons-claim-that-the-u-s-owes-211-trillion-beyond-the-reported-federal-debt/), no one disagrees that unfunded liabilities are real, and they will continue to grow to a staggering amount. + +# Why is no one talking about this? + +Asides from this being so boring the sheer mention of "unfunded liabilities" would work better than a tranquillizer dart on some people, both Republicans AND Democrats have "borrowed" money. Why would they want to shut down something that helps them stay elected? + +I'm honestly struggling to find a good source to find out who borrowed what amount from social security. It's impossible to track what the money was used for. But take a look at the US Debt growing year after year. + +&#x200B; + +[Bill Clinton may have had sexual relations with a women, but at least he didn't add to debt](https://preview.redd.it/so4w3vcl7p271.jpg?width=799&format=pjpg&auto=webp&s=f20f5c76b6d424a92ad71ac2adac56ca6b7122fc) + +Regardless of where you borrowed from, it's a fact that they love borrowing. + +If you search it up, you just get blasted with "No, the government isn't stealing from you." No one gives a shit if the government says they're "borrowing", if they don't plan on paying it back, it doesn't matter. The problem is that with the unfunded liabilities, they may not pay it back. They're putting up a strawman argument and tearing that apart. **Kinda similar to the GME situation, don't you think?** + +[CNBC with pretty much everything](https://preview.redd.it/owlrcs9h4p271.jpg?width=596&format=pjpg&auto=webp&s=d31e892638f5ecd5b5854b660fb49f2d9ee6d69b) + +So the government has incentives to keep borrowing, both parties have borrowed tons of money, and they want to be able to continue borrowing, so no one talks about it. + +# Why the fuck do they owe so much? + +Sure, the program isn't perfect, but 210 trillion? That's obscene. How the fuck did they dig such a big hole? + +It's due to a compound of factors. Investing in government bonds give shit returns, especially with the government keeping interest rates low and having inflation rates higher. + +Privatization of health care have lead to rampant cost increases, about [twice as much](https://www.healthsystemtracker.org/brief/what-drives-health-spending-in-the-u-s-compared-to-other-countries/) as comparable countries. + +People take more than they put in, especially with longer life expectancy. + +The 1% are barely taxed for social security, the maximum you can be taxed for social security is $8,537.40, [regardless of what you own](https://www.adp.com/spark/articles/2020/08/social-security-wage-base-for-2020-announced.aspx) (wow, more tax benefits for the 1%). + +To be honest, this doesn't even convince me. I have some speculation on what's happening, but since I can't prove it with sources, I won't elaborate. + +# How does the squeeze help against unfunded liabilities? + +Income tax. You'll pay a lot of it once you're a millionaire. Especially since retail doesn't avoid taxes like wallstreet. The more you take from these hedge funds and banks, the move the gov gets. More details in Part II. + +# To recap everything seen here. + +The US promised Social Security and Medicare to a bunch of people that they won't be able to pay up. This is called "unfunded liabilities". + +This is anywhere from 87 to 210 trillion, but 210 trillion is the most accurate considering the actual amount of money the government has to pay. + +A short squeeze may cause some economic turmoil, but letting things stay where they are will cause far more damage due to these economic liabilities. + +In part II, I will go much more in-depth on what happens if the states DO NOT do anything. Their options consist of slashing medicare and social security for old people, going bankrupt, or letting the squeeze happen. + +# TLDR OF TLDR + +US will have tons of hidden debt soon, enough to bankrupt them. Squeeze gives them big money from capital gains tax. Tax helps to pay off debt to avoid bankruptcy. + +Squeeze better than bankruptcy. Government picks squeeze. + +**Author's note:** + +I'm not actually sure this DD fits this sub, as it's more general in nature, but I believe as House of Cards was more general and allowed, this DD should be fine. Also, I don't know when I'll post part II tbh. I'm just a uni student and life is getting in the way. + +All sources are hyperlinked in the document. If you have any corrections or anything you feel should be added, comment below and I'll take a look. Remember, Part II is in the works. + +Probably shouldn't base financial decisions on a Canadian uni student, but hey, nothing here is advice. + +Edit 1: Explain why squeeze helps gov. + +Edit 2: Looks like this post kinda died in the depths of "new" because I got a bunch of downvotes initially (shills?), but from the upvote ratio and awards, it seems like the people who DID read it, enjoyed it. I'll upload it again later if I need to. + +Edit 3: I'm pretty sure this post got yeeted by "bad actors" seeing as it started out with a 33% upvote ratio, and now it's at 97%. However, since it passed the 1k mark, I won't be reuploading it. Seeing the awards and the attention, I plan on uploading a brief part II along with editing part I to make it more clear for those of us with fewer wrinkles. +After having a miserable experience with Status ICO - 24 hours later I had an amazing experience with Civic ICO. + +They used a queuing system (http://www.queue-it.com/) to hold people's place in line and also had a batching system where they only allotted certain number of high volume transactions. + +They posted frequent updates and we're extremely transparent. + +This should be the standard. Whether you agree with Civic's team/project or not, please recognize this as a better process and upvote. Future ICOs need to take note so we can keep getting better and improve trust in this process. +Worked hard from a young age (mid-30s now) and built a profitable tech services (not SaaS) business. Looking to take some chips off the table and considering a few PE offers right now (multiple LOIs and options from IB) ranging from all-cash, mix cash + earnout or cash+rollover. I'm not ready to check out by any stretch but have been saving hard (current $3M liquid + $2M commercial RE) and admire the FatFIRE community as it aligns with my beliefs (married, love to travel and give back to the community we live in, do not see who I am as what I do). + +Assume a $15M business value transaction as a "tuck-in", PE groups considered would be a good cultural fit, highly experienced in our industry, also knowing that I love my job and would keep working for at least 2-4 years through the transition. Rollover would be $1-5M depending on offer. Any "second bite" event would be 3-5 years away max. + +**Here's the question for the those that have been part of similar events:** how successful was the roll over "second bite" for you? *Was it worth it, or should we take the cash and run?* +We’ve had much discussion about how increased margin requirements will cause shorts to close, but we have seen that the DTC, the NSCC, and the OCC can waive requirements if they are a risk to the markets. + +This is too large of a risk… + +At this point they will just sweep everything under the rug, and waive requirements until: Investors go away, or float is locked. There will be a race of institutions buying to perpetuate lending with shares that are not locked (to save each other and not vaporize the markets). + +There are two large undercurrents that are a threat to financial institutions as a whole. One is DRS for GameStop shares, which is big. But the biggest one is what’s coming along with DRS and that is Blockchain financials. Soon you will no longer need a bank to act as a middleman in providing loans or abusing the system with fractional reserve lending. This is the biggest threat they face right now. The current narrative being spun is that crypto is risky, they believe that associating Blockchain financials with crypto coins are their way out. If the crypto markets crash and show volatility they think that blockchain financials will go away. Don’t let this happen. + +There are so many things wrong with it current situation, it is so stupid that these financial institutions (with lightning speed based algorithm’s), and microsecond transactions, claim that reporting on short positions with be too burdensome. Their servers already collect that data to make decisions about purchases/sells and to balance risk of portfolios…. And yet somehow adding that to the list of data provided to financial oversight organizations is “TOO HARD”. So dumb. We need true financial reform. + +Hard locates, no onward lending, no front running, no dark pools (the cover of large orders not impacting market is really a free reduced purchase price for large institutions, this is literally breaking free markets… WTF). So we have small orders excluded from influencing price (below 100 shares), and large orders executed in dark pools excluded from influencing price. This system is built for control and manipulation of price…. + +/and rant/ +I did a dive on it. There’s hype surrounding the release of a new catheter cleaning device that prevents infection. But this company has 10 employees, headquartered in a business center in New Jersey. + +It has no revenue and it’s all hugely contingent on FDA approval. This company is somehow “worth” $273 million. How? Is the technology actually that promising? I’m not in the healthcare field so it’s all hieroglyphics to me. + +Am I missing something? +Please don't see the success of others and try to emulate it without doing any research first. I made the mistake of thinking I knew everything a few years ago and just traded like an absolute idiot. Lost thousands of dollars and fell into a depression because I had no idea of the basics. + +Yes I came back from it, yes I'm doing well at this now, but please don't look at someone successful and think you can just do what they do with no training or experience because it never works out. People only want to talk about their success stories and never their own failures so it makes people believe its easier then it is. + + +Anyone can learn to do this but it takes time, study market analysis, learn how to identify trends and practice with a paper account. Please do not throw everything you have into the markets expecting it to 100x in a month, learn from my mistakes so you don't make them +Last week my and my families return flight from Geneva to Gatwick with easyJet was cancelled due to ‘extraordinary circumstances’. I know that they do not have to pay compensation when this is the case, but put in a claim anyway to get them to justify why they would not pay and this is their justification: + +“Our assessment of your claim +To further explain what happened on the day; air traffic control restrictions at London Gatwick substantially regulated the air space due to capacity, which resulted in long delays to flights as aircraft waited for air space ‘slots’ to operate, sometimes for several hours. The delays continued throughout the day and knocked on to later flights. Ultimately and in the case of this flight, it pushed the operating crew out of their legal working hours. We do take reasonable measures to avoid delays and cancellations to our flights by having replacement crews and spare aircraft available in our network. In the circumstances, our standby crew had already been deployed onto other flights. We had no option but to cancel your flight.” + +From what I’ve read, easyJet not having replacement crews is not an acceptable reason to use the ‘extraordinary circumstances’ defence. + +What should I do now? I could write to the regulator, try using a no win no fee solicitors, or just leave it.’. +This is a continuation of an answer I just posted. I just saw someone post something and I remember having such a similar experience and jealousy ....until I learnt the truth , and I just want to share this wisdom with the community so that others don't get fooled like I was. + +We grew up in a poor 3rd world country. Some of us moved to the USA, England and Canada. And others from our group seem to always be in vacation spots **all over the world.** Their social media accounts are filled with beautiful pictures of them in bikini's in the most beautiful locations around the world, living it up. They never explain what exactly their job is, and most of these girls have cut off contact with the rest of us, outside of basic comments like "hi" and "thanks for the like" + +I remember feeling constantly always jealous that I wasn't doing enough in my career, why can't I afford to vacation like that too ? If we're all the same age, and all came from the same poor country, how did they get so rich in their 20s , where most of us are still paying of student loans ? + +It wasn't until I happened to meet one such woman, that I understood what it was. It was one fateful day that I met a girl at work who I recognized having seen all over social media, and I asked her how does it work. That's when she explained it for me. She even gave me a few pointers. + +It was their job. They are models. There is an entire industry out there , of "selling the dream life" + +It is supposed to give the impression, that they are always vacationing. That's why the captions are purposefully left vague. *These are not vacations, they are paid advertising campaigns*. + +She explained to me that sometimes, she does several photo-shoots in a short space of time, but releases the photos over a period of months to give the impression that she has spent the whole year traveling. (obviously, maintaining this illusion requires keeping things vague when chatting online) + +She said its all about the image, and that is why they purposefully never say that they are paid models, in their captions, because then it ruins the illusion of "**the average woman taking vacation**" that these companies are trying to sell. + +She explained that even if the pictures make it appear like she's relaxing all day, many times its just a quick photo-shoot and then she has to rush to a next location in the same day ....even if she releases the pictures months apart to give the impression that she is leisurely travelling around Europe, for example. + +I've literally seen her do this. One day during lunch break at the office, she showed me some pictures she was uploading , and i was like wow ! that's where you went last weekend ? And she said "no, last weekend I was home, this picture is 2 years old." + +She didn't stay at the office too long...but I'm thankful to have met her. At least now I understand better. + +So please. If you are like me, and you have some old girlfriends (or guy friends) online who always seem to be vacationing... and it seems like they spent the entire summer travelling across Europe. And you are wondering to yourself, how they can afford to travel to all these locations ? **They can't.** + +It is job like any other. It is advertisement. + +So please Do not be fooled into emptying your savings trying to keep up. +18F, married, currently in school to be an x ray tech and will graduate in 2022 into a job making 40k a year. 9k in checking account, 1k in a Roth IRA and 11k in an ally bank high yield savings account. Planning on buying a car within the year but will pay cash and keep it around 3k or 4k and planning on buying a house in the next 5 years. No student debt. + +How much would be a reasonable amount to keep in my checking account? Should I just have enough for a month's expenses or keep everything I need for the big purchases this year? + +Also should I put more into my roth? + +Thanks everyone, I love this sub! +I have a college degree as well. I struggled throughout my life with debt and supporting my family. + +I just want to separate from that toxic space with my money and somehow grow it further and live a life i want to life? + + +What do I have to do? +I’m looking for book recommendations that my husband and I can read to feel informed as we inch closer to owning rather than renting. We have been exploring the idea of buying a condo as a stepping stone to eventually owning a home down the line. Anyway, looking for reading material that you recommend. Thanks! +I’ve been told that it’s not wise to have six figures sitting in your bank account it’s wise to follow but I also don’t know the reason, I’m with citizens. + +Is there a source(s) where I can transfer money to where the interest rate is low with unlimited withdrawals or in your opinion more convenient? + +Where else do you deposit large sums of money, ideally I want to keep $15,000 at a time and in increments but need advice, critique, reference. + +I feel ridiculously lost. + +Edit: Thank you all for the broad highly useful advice I received despite my fairly limited vague post. Being restless presents itself oddly and I ushered in without using my better judgment or common sense so I’ve taken notes from all of the useful advice and direction I received and spent the day reading books and researching finance and feel much better about the situation. + +Thank you all. +My husband got a job offer that requires relocation but the company also offers down payment assistance for a house in the new city. Does anyone have experience with this type of benefit - any pros/cons they’re willing to share? + +Not sure we’d buy without the assistance and it’s probably not a city we’d stay in for more than five years. + +Edit for additional information - deferred forgivable second mortgage up to 100k at .5% above primary mortgage amount. Fully forgiven after 5 years, amount to be repaid decreases 20% per year so if he left after 3 years we’d owe 40% of the original amount plus interest accrued. +This is a discussion: + +I recently traveled to Italy and I stopped by Milan. Beautiful city. Surprisingly cheaper than I imagined being one of the world’s “fashion hubs”. There, I was actually surprised to find among all the wonderful coffee shops a Starbucks … go America. But it was not just any Starbucks, it was a Reserve. Apparently there is only a few in the world. One of them also being in San Francisco where I am from. Point of this discussion: I purchased a beanie. It was roughly €15 (at the time about $16). I thought, not a bad price. Upon returning home I noticed it was “Made in America” and I thought “wow… I purchased a beanie in Italy made in the US. Neat”. So, I decided to go to the Starbucks Reserve in San Fran. Bought a beanie very similarly to the one I got in Italy. Guess what: you probably can guess, this beanie was made in China and also flashed the nice price tag of $35. + +How is it that I can buy an American made product in Europe for less than half for a Chinese made product in the US ? That American made beanie had to cost more to produce? No? Yet, it’s sold for half the marked value in Europe than a cheaply made Chinese version. + +This makes me feel like the old adage: we can’t produce in America because it would be to expensive if just farce. + +Thoughts? +Is your asset allocation still on track? Many of you will be too heavy on bonds now and will need to sell bonds and buy stocks to maintain their asset allocation. + +Stay the course! + +Edit 11 days later: here is a great paper on the topic: https://www.vanguard.com/pdf/ISGPORE.pdf +• It has presented itself as a way to make huge profits quickly but I believe it’s just a way to attract as many people as possible. To outsiders, this looks like a cult, naive and short sighted. + +“I’ve seen this before” many say. + +But they haven’t. It’s not 1999, it’s 1929. + +• Every major revolution comes once in a generation. No one fully lives through two, which is why they repeat themselves. Over and over. Approximately every 80-90 years. (“The Fourth Turning”) + +• I don’t know what will happen with Bitcoin price or any crypto for that matter but I do know this - there is something brewing with geopolitics, with the economy, with inequality and with how things currently are. Travel around the world - you feel it + +• This is why I urge everyone I know to buy some crypto, mostly Bitcoin, because it is a hedge against that macro force. The price will go up and down. Maybe it pops then comes back. But that won’t matter in 10 years - the seeds have been planted. + +• Beyond the profits and the daily dopamine rush, this is infinitely bigger than people think - not because people will spend Bitcoin on groceries but because of what it represents - freedom from the system. + +Only when we look back will we realize what it is we were a part of. + +- [Carter Thomas](https://mobile.twitter.com/carterthomas/status/942939519942193157) +Title, basically - + +Think before you act - take anything that tells you to act right away with a heaping dose of salt. + +Those that would exploit this subreddit are likely to try to get you act quickly. Don’t fall for it! + +Cheers, apes! 🦍 🦍 + +🚀🌙✨ +Guten Morgen to this global band of Apes! 👋🦍 + +GameStop has now launched the NFT marketplace, with some incredible first-day numbers and a great experience for creators and consumers. +While it is easy to let the split by dividend's rapid approach overshadow this moment, the confluence of many events is exciting. +GameStop is boldly facing a recession by optimizing its business (including replacing failed executives), launching new products, and rewarding investors. +Next Monday is the date to own shares by to get the dividend. +The clock is ticking, and the SHFs haven't yet begun to move toward closing their short positions. +With borrow interest rates rising along with the share price, how will these next few days go? + +While many pundits like to discount the NFT marketplace as a bad move with the crypto markets crashing, nothing could be further from the truth. +By utilizing the efficiency of L2, customers have a low-cost entry to digital ownership. +Their digital assets have lasting value. +The turbulence of the coin value has little bearing on the NFT assets. +The media attacks against the NFT marketplace are clearly meant to instill fear, but fortunately there is little to fear. + +Today is Tuesday, July 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: **$131.55 / 130,28 €** *(volume: 780)* +- 🟩 115 minutes in: $131.31 / 130,04 € *(volume: 780)* +- 🟩 110 minutes in: $131.16 / 129,88 € *(volume: 774)* +- 🟩 105 minutes in: $131.11 / 129,84 € *(volume: 748)* +- ⬜ 100 minutes in: $131.02 / 129,75 € *(volume: 747)* +- 🟥 95 minutes in: $131.02 / 129,75 € *(volume: 734)* +- 🟩 90 minutes in: $131.05 / 129,78 € *(volume: 720)* +- 🟥 85 minutes in: $130.92 / 129,65 € *(volume: 695)* +- 🟥 80 minutes in: $131.19 / 129,91 € *(volume: 695)* +- 🟥 75 minutes in: $131.27 / 130,00 € *(volume: 637)* +- 🟩 70 minutes in: $131.30 / 130,03 € *(volume: 596)* +- 🟩 65 minutes in: $131.27 / 130,00 € *(volume: 530)* +- 🟩 60 minutes in: $131.20 / 129,93 € *(volume: 514)* +- 🟩 55 minutes in: $131.14 / 129,87 € *(volume: 443)* +- 🟥 50 minutes in: $131.02 / 129,75 € *(volume: 429)* +- 🟩 45 minutes in: $131.10 / 129,82 € *(volume: 413)* +- 🟩 40 minutes in: $131.05 / 129,77 € *(volume: 398)* +- 🟥 35 minutes in: $131.03 / 129,76 € *(volume: 388)* +- 🟥 30 minutes in: $131.15 / 129,88 € *(volume: 380)* +- 🟩 25 minutes in: $131.23 / 129,95 € *(volume: 345)* +- 🟩 20 minutes in: $131.20 / 129,93 € *(volume: 339)* +- 🟥 15 minutes in: $131.19 / 129,92 € *(volume: 192)* +- 🟩 10 minutes in: $131.23 / 129,96 € *(volume: 188)* +- 🟥 5 minutes in: $131.17 / 129,90 € *(volume: 183)* +- 🟩 0 minutes in: $131.29 / 130,02 € *(volume: 71)* +- 🟩 US close price: $130.09 / 128,83 € *($131.00 / 129,73 € 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 1.0098. 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! +Bulb keep trying to charge me £175 a month for my gas and electric, only my heating is gas,I have an electric cooker. + +I live in a small 1 bedroom flat, rarely use the heating and don't take super long showers. + +I'm currently on universal credit and get around £200 a month after debts come out and I just can't afford to pay this.. I've paid 170 in September and 120 in October and 170 in November. +The bill was £180 in December despite me not even being home the last 2 weeks of the month.. + +I have gave them meter readings etc and they say my bill is correct + + +Edit: thanks for all the responses, I'll be going through everything tonight guys! +Thought this article was brilliant: [When Buying the Dip Doesn’t Work: An Analysis of the Dot-com Crash](https://endlessmetrics.substack.com/p/when-buying-the-dip-doesnt-work-an) + +> The most notorious of these bear markets is, of course, the Great Depression. But another great (and more recent) example to study is the dot-com crash. + +> First off, if you bought at the top, you wouldn’t see a new high on your investment for 16.5 years. And if you held on, you got to experience a -83% drop along the way. + +> (...) + +> Now, imagine you bought the dip! Maybe the market went down -20% into a classic bear market. You buy the dip and what’s the reward? Now you only have to wait 14.2 years and endure a -78% drawdown before seeing a return on your investment. + +> What if you bought the dip after a drop worse than what we had during the COVID crash at -40%? Then you wait 11.8 years to get your money back and have to suffer a further -71% drop. + +> And, if you are a super dip buyer and bought after things fell -70%, you would still have to wait 2.5 years to recover and stomach a -42% drop. + +> Think about that for a second. + +> You bought a -70% dip and you still have to deal with a further crash that is even worse than the COVID crash and lasts about five times as long. + +> See, I’m not trying to rain on the parade of everyone who wants to buy the dip. I think buying things on sale is smart! What I am saying though, is sometimes, a dip is not just a dip. It can be a small part of a much larger crash and those sales suddenly don’t return easy gains in a short period of time. +We were on a payment plan for a medical bill, paying faithfully every month. Suddenly we stopped receiving bills, and when I called to inquire I was informed that a new biller was overseeing the account. Called the new biller who is, at a minimum, extremely disorganized. + +They told me they can’t generate a bill because my previous payment history didn’t port over. (This was after 15 minutes of being unable to find our account altogether.) She claims it shows “a balance” but is asking me to corroborate the balance, which I did not do. She also claims her system isn’t showing a date of service. What I’m gathering is that she isn’t sure how much we owe and it doesn’t sound like she can prove that we owe it. She is asking for our EOB and previous billing statement. + +How do I tell her politely that it’s her responsibility to bill *me*? If she attempts to follow through and bill the wrong amount, I can absolutely counter with our previous most recent billing statement, but I feel it isn’t my responsibility to prove our debt to her. If her office does a knee-jerk and sends us to collections, would a collection agency require paperwork that legitimizes the debt? It’s not that I can’t pay the bill in full *now*, but I want receipts and on principle am unwilling to do her office’s job for them. I’m in PA if it helps. + +Edit: this started Friday a week ago. I called back today after she said she’d get back to me this past Monday, so four days overdue. She seems to have forgotten everything we talked about and barely remembered that I ever called in the first place. I suspect I’m a line item on a spreadsheet for how little information they’ve retained. + +Edit: GUYS, for the love of God and all that is Holy, I said I WOULD PAY THE BILL if they will simply send me a statement. People getting hostile on here accusing me of fleecing the servicer, but I *found THEM*! I’m just asking them to follow proper protocol and provide a tangible statement that protects BOTH parties. +\- **Zenabis Global Inc. currently at $0.15 on T S X in Canada** + +This one is a little bit of speculation as there's no good sources for the claims, but I think it's interesting and goes hand-in-hand with what happened to other companies. The full story is on another website (which isn't a great source), but the key part is this: + +Anson provided funds to Z e n a b i s so they could complete their development. Then, Anson while taking on a 'visible' long position, they took on a x10 larger short position against the company. This is where it gets juicy. "***Anson Funds served as the lead investor for funding Z e n a b i s in the early rounds, influencing Zenabis by appointing their own director, which in this case was Adam Spears, who was still working with Anson in some capacity."*** + +Does this sound familiar? They appointed a plant into the board of directors, Adam Spears, who was an important person at Anson: + +[from Linked In](https://preview.redd.it/vu1iu6uxm4781.png?width=783&format=png&auto=webp&s=38617a064e70f5d69db2688a4669bd3f244d584e) + +[You can see Adam Spears on the Board of Directors \(poor quality, I apologise\)](https://preview.redd.it/w5p33dmzm4781.png?width=1200&format=png&auto=webp&s=8e205f2cc927a80840507038909ed7efebb50a18) + +This is what happened to the company since their "big investment" and the plant: + +&#x200B; + +[BOOM.](https://preview.redd.it/9gb11ck2n4781.png?width=484&format=png&auto=webp&s=e0506ff7090ec77607671eb99fe224d0276aa5d4) + +There's also plenty more that they've done, but Automod keeps deleting my post and I've given up trying to fix it so it gets published... +Some of the greatest advice I ever received as a young adult was as follows: +> Whenever you decide to not do something, instead of saying, "I don't have time to..." say, "I am not making it a priority to..." + +So something like "I don't have time to cook dinner" becomes "I am not making it a priority to cook dinner." + +The main purpose of this serves to show you what you value in terms of importance in your life, but I also find it is a helpful reminder that you are in control of your life. If you woke up and wanted to go to the Grand Canyon tomorrow, you could do so. There are a lot of priorities/excuses you could use to not do it (I have kids, I have to go to work, etc) but none of those can actually stop you from waking up and making your way towards the Grand Canyon. Maybe you have enough money and you can fly, maybe you can only drive, maybe you have to walk or hitchhike. Obviously there are some restrictions like being in prison or not having a passport or whatever, but you get the idea. You have the power to control your life. You choose to go to your job, you choose to eat what you eat, you choose to save your money. I believe a majority of the people in /r/fi grasp this concept as the whole purpose of financial independence is taking control of our finances to push up retirement/freedom by multiple years or even decades. That being said, lately I have noticed a lot of animosity towards the success of others backed up by poor excuses that I usually only see from /r/pf members or in the yahoo finance comment sections. + +* *He only is successful because his parents let him live at home for 2 years until he found a job* + +* *If I could have had scholarships and a part-time job I could have done that too* + +* *Not everyone can just magically start a side-hustle making 100K/yr* + +* *Where does the 50K he starts with come from? I'm betting his parents gave it to him. Another typical spoon-fed 2X year old who doesn't understand real life* + +The list goes on and frankly it's a little disappointing to see in this sub because I think we're better than that. The entire point of /r/fi is recognizing that we CAN make a difference in our lives. We study IRAs, 401Ks, backdoor loopholes, tax advantaged accounts, investment strategies, etc so that we can beat the system. We work harder than our coworkers studying these things and I bet if any of them came to you and called you lucky to have money saved you would be offended because you simply took advantage of your situation and you made sacrifices along the way that they never will know about. You built your own path to financial success while they spent all their money on a new Audi S8 and a huge house they can barely afford. + +At the age of 12 years old I found a business game online where the winners at the end of each week could win cash prizes. I had always loved the idea of making money so I sat down and studied the game and worked harder than anyone else in the game and after a couple of years I made a couple of grand that I used to buy myself an XBOX 360 and some other fun toys. + +When I was 15 I was playing a Facebook game called "Warbook" and was able to work my way into the top 100 players or so where my kingdom was making exponentially more gold than a majority of players. I recognized the opportunity and sent an email off the the game maker to see if he would allow me to sell gold. He didn't care and I made over 2 grand in 2 weeks before everyone else in the game caught on and flooded the market to where I just didn't care to proceed. + +As a junior in high school I Googled "Top 10 paying jobs" and chose to study Computer science out of that. + +After college I was working my IT job and decided I wanted to earn more so I looked into potential side hustle opportunities. I researched/attempted flipping items on Ebay, re-selling wholesale/repackaged items on Amazon, building mobile apps, website creation jobs, etc. Eventually after failing to get multiple side hustles off the ground (a lot of times due to lack of interest after much research or effort), I found something I liked in streaming video games on Twitch. I found enjoyment and saw potential and so I sat down and began working hard on building an environment/layout/stream that viewers would enjoy. It took a little bit to really get off the ground but I've been able to find success and it's a profitable side-hustle for me now. + +As some of you may know from my [Build the life you want, then save for it](https://www.reddit.com/r/financialindependence/comments/58j8pc/build_the_life_you_want_then_save_for_it/?utm_content=title&utm_medium=hot&utm_source=reddit&utm_name=financialindependence) post, I made many sacrifices along the way to make my Twitch stream successful and those drove me to learn about creating a successful life outside of financial success too. + +Regardless, now that I have found some Twitch success do you know what I hear every day from other people trying to make streaming work? + +* *You just got lucky to get into streaming 2 years ago. Nobody unknown can make it big anymore* + +* *I just don't have time to stream like you do* + +* *You probably just knew some big streamers and got their viewers to come to your channel. I wish I had connections* + +The list goes on. And yet every day I see new streamers starting up who work hard and grow their streams into something bigger. Just like every day I look around this sub and see people posting who have taken control of their lives and the opportunities they were presented and made the most of them. Some of them were able to figure it out easier than others, some of them started with a boost, some of them failed less than others, but none of them quit because they saw someone else succeed. None of them said, "He was just lucky, I could never be that successful." Instead of comparing paths they looked at their own situation and figured out what they could do. + +It's like looking at Madonna and being upset that she is successful because she has an amazing voice. "Well if I was born with that voice I'd be successful. She doesn't even know how lucky she got." Her path to success is not the only path and it's not your path either. Do you think Bill Gates would have never amounted to anything if his parents didn't send him to private school? Do you think Elon Musk would ever settle for a 9-5 job at an accounting firm? I like to think not. I imagine they are people who were going to find a path to success no matter what situation they were put in. They didn't let any excuses get in the way and they made their own priorities. Just like the members of /r/fi don't accept the notion that you have to work until you're 65 or can only save 5-10% of your income max. + +Maybe you can't start a consulting gig making 100K/yr. Maybe your parents didn't let you live with them while you were looking for a job. Maybe you don't have the voice of an angel. So what? Try streaming on Twitch. Try reselling items from Goodwill. Try something brand new! Gary Dahl sold pet rocks to become a millionaire in a year. Rather than finding jealousy from this, find motivation. Let's celebrate those around us and create a positive environment where we can support our goals and realities. Life isn't always fair and we don't all start at the same place, but if you are sitting somewhere reading this right now you probably have started ahead of a lot of people in this world and should be grateful for that. Don't throw that away because you're too busy making excuses or worrying about your neighbors. You control your life, you choose your actions every day, and you build your own path to success. +I went through the annual reports of Mcdonald's for the first time and I'll describe it as an expensive real-estate company that sells branded properties. I'll make my case below. + +I will not share the video with my analysis as that would be considered self-promotion. + +McDonald's makes money in two ways: + +1. Company-owned restaurants - The revenue has significantly decreased in the last decade. This part of the business is related to the restaurants that McDonald's operates and the revenue represents the sales of burgers, fries, beverages, and pretty much everything that is on the menu. It represents about 40% of all the revenue and the operating margin is very low (8%). +2. Franchised restaurants - This is the part that has been increasing over time, now represents the remaining part of the revenue, and has an operating margin of 73%. However, unlike the first business segment, in this one, they make 64% of the revenue from collecting rent and the remaining 36% from royalties. + +If you look at the total revenue of the company, you'll see a decline for a decade, accompanied by an increase in the operating profit which is not surprising. Instead of owning the restaurants, McDonald's is renting them to individuals who would like to have their own business and on top of that, they're collecting royalties. So the type of revenue shifted from the low-margin "Sale of burgers, fries, beverages, shakes, and ice-creams" to the high-margin "collecting rent and royalties". + +From an operating profit point of view, 60% comes from rent, 30% from royalties, and 10% from actually company-owned restaurants. Therefore, my conclusion is, that it currently operates as a real estate company that rents branded properties. + +After finishing my analysis and preparing my presentation for recording a video, I take some time to do a quick research online on the company, mainly to figure out if I'm missing something. I often stumble upon certain videos and I'm disappointed that many of them have basic checklists without understanding the business and providing value for the viewer. These come mainly in the form of "Did the revenue increase in the last 5 years? Do we have a P/E of < X". In the case of McDonald's, if you have a checklist, you would not have a check on the revenue growth in the last 5 years and without understanding the company, you'd have a wrong impression on McDonald's. Finding good investment opportunities takes a lot more than having a simple checklist that most 6-year olds can use. + +So, I did value McDonald's based on the following assumptions: + +Revenue - 5% growth in the next 6 years, then growing slower after that (Similar to analysts' forecasts for the next few years) + +Operating margin - 45% (No significant change compared to the last few years, also in line with the analysts' forecasts) + +WACC - 5.91% + +Outcome: $150.90/share (Much lower than the current stock price) + +Below is an overview of the value of the company based on different assumptions related to revenue growth (in 10 years) & operating margins: + +&#x200B; + +|Revenue / Op. margin|45%|50%|55%| +|:-|:-|:-|:-| +|48% ($34.5b)|$150.9|$173.9|$196.8| +|60% ($37.2b)|$161.5|$186.1|$210.7| +|80% ($41.8b)|$178.5|$205.8|$233.0| +|100% ($46.5b)|$165.3|$224.9|$254.8| + +I'd like to get your thoughts on the company and see if there's anything significant that I'm missing from my assumptions. + + +EDIT: Thank you for recommending "The Founder". The fact that based on my analysis, many have thought I've already watched the movie, gives me a lot of confidence. I have already added it to my list and will watch it :) +I hear apes saying everyday, literally everyday, if GME dips i gonna buy x amount of shares yadayadayda, been listening from $280 all the way to $140. Nope, I am not gonna wait for any dip no more, if everyone wait for a dip to cash in, that means everyone agrees GME is overvalued, which it isnt. + +Read it again, I said "If investors are only willing to buy GME at a lowered price, that means investors feel GME is overvalued", and then I said "No! GME is way undervalued". I, which refers to me decides to stop being a pussy and will buy more today, are you a pussy? + +Not a financial advice, you do whatever you want with your money I am just sharing. + +Edit: Like i said, this is my personal opinion, i know many of us would love a dip so that they can buy more, but for me personally, the current price is tempting, I am not asking folks to pump. On other hand, I am concern if the price goes back too low, say $40 or even lower, then it will creates too much fear and more paperhands, i know the price doesnt matter, i believe so too, but GME is beyond this sub. + +Edit2: bought 10 more during pre market. [Proof](https://i.imgur.com/N3qnpUf.jpg) +I hear apes saying everyday, literally everyday, if GME dips i gonna buy x amount of shares yadayadayda, been listening from $280 all the way to $140. Nope, I am not gonna wait for any dip no more, if everyone wait for a dip to cash in, that means everyone agrees GME is overvalued, which it isnt. + +Read it again, I said "If investors are only willing to buy GME at a lowered price, that means investors feel GME is overvalued", and then I said "No! GME is way undervalued". I, which refers to me decides to stop being a pussy and will buy more today, are you a pussy? + +Not a financial advice, you do whatever you want with your money I am just sharing. + +Edit: Like i said, this is my personal opinion, i know many of us would love a dip so that they can buy more, but for me personally, the current price is tempting, I am not asking folks to pump. On other hand, I am concern if the price goes back too low, say $40 or even lower, then it will creates too much fear and more paperhands, i know the price doesnt matter, i believe so too, but GME is beyond this sub. + +Edit2: bought 10 more during pre market. [Proof](https://i.imgur.com/N3qnpUf.jpg) +I'm relatively new to this subreddit, but I've been taken aback by the number of posts & comments expressing the view that the CPI is mismeasuring inflation. Is this like... a standard belief here? +\[Disclaimer: I'm not talking about sole income earners supporting their entire family, people who are financially struggling due to the low minimum wage etc. - you guys have my respect\] + +What I'm interested in is how your average CBD professional spends their income - as I'm always told by my peers they are running short of money or living paycheck to paycheck. I have friends who has had to live at mine for a couple of days to avoid debt collectors and others who upload photos of $500 receipts from a night of drinking onto their social media. + +Like how is the average 20-30ish year old earning six figures so tight for cash? What is it that they're buying that is so expensive and so personally valuable they are willing to give away their sense of financial security? + +People say takeout or eating out - but surely that can't be that expensive? Holidays - eh maybe. But still, that's a one time a year thing. So what is it they are actually doing with their money? Miser me simply does not compute. +I see it all the time. + +Random person opens a post titled "Hey guys I have made this huge amount of money in such a short amount of time" and they claim huge returns over a matter of days. For the sake of argument, I'll just assume they are telling the truth and are not just neckbeards looking to get some ego boost on the internet. + +People start to comment. Some are reasoneable, although most of them say something along the lines of "Great job man". + +To these people: you are the reason why these beginners are going to lose all of their money trading. You are either too ignorant to know the damage you are causing, or malevolent enough to be aware of it to be doing it on purpose. In both cases, you should shut the fuck up. + +**Making a huge return over a week is not a good thing. It only means you have risked more than you should and you got lucky.** + +Encouraging this kind of behaviour is dangerous. People will get hurt. You don't know who is the person you're talking to. He could very well be uncapable of realizing the mistakes he is making, and relying on this community for guidance. + +The last guy who posted something like this yesterday **did not even know how much he risked on a single trade**, and a bunch of people gave him praise for it. Are you people out of your mind or what? This guy is probably getting off a an ego boost caused by his winstreaks and is going to lose everything in a few months. Encouraging him to keep going just cemented the idea that he is the next big thing in his head. + +This is not r/motivation. The market does not submit to your will simply because you want it to and feel good about it. If we see a person who is lost in trading, the only way to truly help him is to completely dismantle his approach. If this hurts him or makes him feel so bad he runs away from trading, **GOOD**. It means he wasn't cut for this career and he's better off doing something else. + +The point of this post is the following. + +I want us to be able to report the act of encouraging reckless behaviour. I want people to be bannable for doing this kind of damage to newcomers. +# What's Happening + +At 1488812400 UTC (06 Mar 2017 16:00:00 UTC, or 2am on the 7th in Australia) +[XO.1](https://xo1.io) and [Flux](https://voteflux.org) will be demonstrating the +throughput of the [SecureVote](https://secure.vote) voting system. Over 1 million +votes per minute will be anchored to the Bitcoin blockchain, for a +total of approximately 1.5 billion votes over the 24 hours. + +This will take place through approximately 11,000 transactions over 24 hours. This is about 4% of Bitcoin's capacity +so may cause increased confirmation times and/or fees. + +Source code and documentation can be found at: +[https://gitlab.com/exo-one/svst-docker](https://gitlab.com/exo-one/svst-docker) and we have a +[white-napkin](https://gitlab.com/exo-one/svst-docker/blob/master/svst-docs/secure.vote.white.knapkin.md) +if you'd like some more technical data. + +You're welcome to run an auditing node to verify the throughput of this stress test for yourself. +(This can also be done after the stress test has concluded) + +If you have any questions please leave them below and I'll expand this post. + +During the stress we'll host a publicly accessible vote-explorer / dashboard at +[http://demo.xo1.io/index.html](http://demo.xo1.io/index.html). The best time to tune in will be about 15 hours after we start as we cross the 1 billion vote threshold. + +# What is SecureVote + +SecureVote is a product by XO.1 - the world's first high capacity, secure, general purpose, end to end verifiable voting system. +There is no central point of failure, all votes are fully anonymised, and no fancy new crypto is required (IE: not ZKPs or homomorphic encryption). + +# What is XO.1 + +XO.1 is a Sydney-based startup founded by myself (Max Kaye) and Nathan Spataro which has raised half a million dollars +in early stage funding to develop SecureVote, the world's first secure and highly scalable online voting system. + +SecureVote is something which does not exist anywhere on the planet today – it +provides a high-throughput commercially viable secure voting system, which enables verification of the vote and the vote +count without compromising the privacy of the vote itself. + +We’re able to do this by using our proprietary vote anonymisation engine – Copperfield (patent-pending) – which solves +many of the traditional problems associated with electronic voting through providing verifiable anonymity. + +To get to the next stage of our product development, including the development of a first-in-class secure voting app, +we’re about to start our Series-A fundraising round. Interested? Email exec@xo1.io + +# What is Flux + +[Flux](https://voteflux.org) is a political movement also founded by myself and Nathan Spataro. +The Flux Movement aims to instantiate a novel form of democracy called Issue Based Direct Democracy (IBDD). +Unlike all other forms of democracy, IBDD is deeply concerned with epistemology and providing the best decision +making possible. + +IBDD is designed to bias _objectivley true knowledge_ and is possibly the first democratic +[truth machine](http://www.philosophersbeard.org/2010/11/democracy-is-not-truth-machine.html). + +We hold that the main problem with democracy today is that it does not bias the best knowledge possible. The +symptoms of this are corruption, bloat, sluggishness, low approval ratings, etc. + +If that sort of thing interests you, I have a pre-release paper I can send on request (but not yet publish). Also, +the philosophical groundwork is laid out in David Deutsch's breathtakingly profound book +*[The Beginning of Infinity](https://en.wikipedia.org/wiki/The_Beginning_of_Infinity)* (2011). + +We're expanding with chapters globally so if you'd like to get involved please get in touch. + +Flux's need for a high capacity online voting system has been one of the driving forces behind SecureVote's production. + +# FAQ + +## Why don't we use Ethereum + +I've been involved in the Ethereum world since +[December 2013](https://web.archive.org/web/20140208053651/https://bitcointalk.org/index.php?topic=428589.0) +and have been [publically credited](https://youtu.be/o6D8Up411dI?t=29m16s) a [few times](http://imgur.com/piL9eYc) +with contributing to scaling discussions around that sort of technology. + +My view boils down to this: Ethereum can do _anything_, but it can never do _everything_. + +This stress test will produce about 150 GB of data. This isn't something the main Ethereum chain can handle, and even +many years into the future it would be selfish to dump this volume of data into a shared resource. + +Additionally, relying on others to eventually come up with a scaling solution isn't a great strategy IMO. + +Since we needed a 2nd layer solution anyway it only makes sense to build on the most secure blockchain around: Bitcoin. + +Additionally: _secure_ private blockchains are a pipe dream. Private blockchains themselves are both easy to achieve and pointless (when it comes to public security). + +## How much data will be added to the Bitcoin blockchain? + +Approximately 3 MB. We'll have `11,000 txs * 243 bytes per tx`. + +## Press Release + +[https://xo1.io/stress-test-pr.pdf](https://xo1.io/stress-test-pr.pdf) + + +Generally I’m not a fan of market timing and have a pretty conservative investing approach (basket of ETFs) BUT I just got a large windfall (10s of millions) made from a decade of work and investing it all at once with the market at an all time high seems dangerous, even in a diversified portfolio across asset classes. + +How would you think of investing it? Get into the market over 6 months? A year? Longer? + +A different strategy? +I got back from work today and decided to check my finances, only to see that my checkings was in the negative around $1300, as I usually keep the balance there pretty low . I figured it was a glitch but then clicked to see multiple pending withdrawals + + + + SQC*RICHARD HSU x51 CA 05/04/18 +-$109.75 + +-$394.97 + +-$49.00 + +-$297.00 + +-$80.00 + +-$341.33 + +This has never happened before. I scrambled for my wallet to see that my debit card was still in there as it always is. The last time I used it was inside a Kwik Stop ten days ago. The only other places I used it this year are Whole Foods and CVS. 99% of my purchases go to credit. + +I hit the dispute feature on my statement but an hour later the charges cleared and then immediately pulled all the funds from my savings (I had around $1300 there). I purposely kept my checkings balance low in case anything like this were to happen because I figured the majority of my money would be safe in my savings, I guess I was wrong. + +I've been with this credit union for 5 years with no problem until now. I have no clue how they authorized multiple large withdrawals which seemed to have been made on the other side of the country (Im on the East Coast). What are the odds of getting reimbursed? + +EDIT: Thanks for all of the advice +My Wells Fargo banker just called me to let me know I've been approved for my first house. The underwriters used my Coinbase transaction history as proof of assets. He says its the first time they had every used it for an approval. +TL:DRS IMO FTX is SUS. + +Just going to throw this out there, IMO, FTX has a lot of work to do before they can be trusted for anything. Be extra careful when reading all the pro-FTX posts. They are incredibly active on social media and absolutely use bots to promote their products/brand. They are here. They are posting on their own behalf. They cannot be trusted until they definitively prove their intentions and verify those intentions in writing. + +The AMA next week with Brett Harrison will be important. Pay attention to what questions they answer, AND what questions they do not answer (I say 'they' because it's not his answer, it's legal's+biz dev's answer and his mouth is saying the words). The questions they do not answer may give you more information than what they actually say out loud. + +The relationship between our Beloved GameStop and FTX could be as simple as GS selling FTX branded merch at GS locations. It could be more. Just wait for RC and Furlong and don't put the cart before the horse. + +&#x200B; + +E2: STOP MESSAGING ME. + +here is a ss dd from yesterday about FTX: + +[https://www.reddit.com/r/Superstonk/comments/xav4c8/never\_gonna\_give\_you\_up\_what\_do\_hedge\_funds\_want/](https://www.reddit.com/r/Superstonk/comments/xav4c8/never_gonna_give_you_up_what_do_hedge_funds_want/) + +sam is jane street gang (ex etf trader) have there been any issues with etf's and gamestop? + +[https://podcasts.apple.com/us/podcast/the-ex-jane-street-trader-whos-building-a-multi/id1056200096?i=1000515303033](https://podcasts.apple.com/us/podcast/the-ex-jane-street-trader-whos-building-a-multi/id1056200096?i=1000515303033) + +here is sam himself describing his ponzi to the amazement of viewers worldwide: + +[https://www.bloomberg.com/news/articles/2022-04-25/sam-bankman-fried-described-yield-farming-and-left-matt-levine-stunned](https://www.bloomberg.com/news/articles/2022-04-25/sam-bankman-fried-described-yield-farming-and-left-matt-levine-stunned) + +bankman and celsius go wayyy back: + +[https://www.yahoo.com/video/bankrupt-crypto-firm-celsius-biggest-212744397.html](https://www.yahoo.com/video/bankrupt-crypto-firm-celsius-biggest-212744397.html) + +can't forget sam bailed out robinhood: + +[https://www.coindesk.com/business/2022/05/12/ftx-ceo-sam-bankman-fried-buys-56m-position-in-robinhood/](https://www.coindesk.com/business/2022/05/12/ftx-ceo-sam-bankman-fried-buys-56m-position-in-robinhood/) + +sam is no stranger to gov lobbying: + +[https://www.latimes.com/politics/story/2022-08-12/sam-bankman-fried-ftx-political-donations](https://www.latimes.com/politics/story/2022-08-12/sam-bankman-fried-ftx-political-donations) + +oh yeah, and sam likes to hire talent from the subs favorite company: + +[https://www.theblock.co/linked/104870/ftx-us-former-citadel-securities-brett-harrison-crypto-exchange](https://www.theblock.co/linked/104870/ftx-us-former-citadel-securities-brett-harrison-crypto-exchange) + +that's just the tip. + +mf's want to message me and say where's the proof, it's been staring you in the face for YEARS. + +&#x200B; + +EDIT: for the concerned, I am happy to change my opinion of FTX when there is info to support a change in opinion. as of today, they giga-sus +Yes, I saw "The Street" post about this; no, "The Street" doesn't link to the SDNY court filings - an 85-page PDF - like this Law360 article does. Enjoy! + +--- + +# Biotech Co. Accuses Citadel Securities, Others Of Spoofing + +[_Note: I didn't include the author's name so that the person doesn't get annoying Tweets or other messages from dingleberries, but you can see it on the Law360 site_] + +Law360 (December 1, 2022, 8:31 PM EST) -- [Northwest Biotherapeutics Inc.](https://www.law360.com/companies/northwest-biotherapeutics-inc) on Thursday sued several broker-dealers including [Citadel Securities LLC](https://www.law360.com/companies/citadel-securities-llc) and [Canaccord Genuity LLC](https://www.law360.com/companies/canaccord-genuity-group-inc) in New York federal court for allegedly carrying out a spoofing scheme that repeatedly drove the biotechnology company's share price down despite promising developments with a cancer drug. + +Northwest [alleges _Note: clicking this link will go to PDF file hosted on Law360's site](https://assets.law360news.com/1554000/1554064/https-ecf-nysd-uscourts-gov-doc1-127132420908.pdf) the brokerages interfered with the natural forces of supply and demand to drive the share price down, violating federal securities laws and constituting fraud under New York state common law. The suit names several other defendants, including [Susquehanna International Group LLP](https://www.law360.com/companies/sig-susquehanna) and its unit G1 Execution Services LLC, Instinet LLC, Lime Trading Corp., GTS Securities LLC and Virtu Americas LLC. + +The biotech company says the brokers' market manipulation has impaired its ability to raise funds from public markets and could affect its ability to get "life-saving" cancer treatments quickly to market. + +"Defendants' illegal market manipulation, done solely for the purpose of reaping substantial, illegal ill-gotten gains, could deprive cancer patients of this important chance for additional years of life," Northwest said. + +Northwest alleges that from December 2017 to August 2022, the broker-dealers engaged in repeated spoofing, or manipulating markets with a form of "high-speed bluffing" by deceiving unsuspecting traders into transacting at artificially high or low prices. + +The company said it recently completed a phase 3 clinical trial of its lead drug, DCVax-L, for brain cancer patients, with positive results that more than doubled the percentage of glioblastoma multiforme patients who live more than five years. + +But despite encouraging news about the results reported in a peer-reviewed cancer journal and presented at a medical conference, the company's share price has dropped because of the defendants' alleged spoofing on OTC Link LLC and NYSE ARCA Global OTC, according to the suit. + +Citadel Securities called the lawsuit frivolous and vowed to fight back. + +In a statement to Law360, a spokesperson for the brokerage firm said the lawsuit is "nothing more than an attempt by Northwestern Biotherapeutics to divert attention away from its long history of governance and management failures, SEC charges for financial reporting lapses, and lawsuits from its own shareholders." + +The U.S. Securities and Exchange Commission filed a settled action with Northwest in October 2019 for allegedly failing to maintain internal control over financial reporting for 12 consecutive annual reporting periods, according to an agency release. The company agreed to pay a $250,000 penalty and settled without admitting wrongdoing, the SEC said. + +Separately, Northwest is facing a proposed [stockholder class action](https://www.law360.com/pulse/articles/1500446) in a Delaware state court alleging the company's officers received excessive compensation. + +"We intend to pursue any and all legal action against Northwest Biotherapeutics for making these false and baseless allegations, which only undermine the integrity of our capital markets," the Citadel spokesperson said. + +Representatives of the other defendants either weren't available to comment Thursday or didn't immediately respond to requests for comment. + +In the purported spoofing scheme, the broker-dealers flooded the markets with large quantities of "baiting orders" to sell that weren't intended to be executed, but aimed to deceive market participants into believing Northwest's share price was moving downward, according to Thursday's lawsuit. The broker-dealers then allegedly placed executing purchases to buy Northwest shares at the lower stock prices and canceled and removed all their baiting orders to sell. + +Northwest says the defendants repeated that pattern "multiple times a day and continuously throughout the relevant period." The broker-dealers placed tens of millions of baiting orders and executed millions of orders at manipulated prices, Northwest alleges. + +Northwest says that in one "particularly egregious" example, the company's share price fell from a high of $1.73 to a low of $0.3862 on the same day the market learned the company's key drug had "met both its primary and secondary endpoints in its GBM clinical trial with statistical significance, displayed an excellent safety profile, and showed meaningful increases in the long-term tails of the survival curves for both newly diagnosed GBM and recurrent GBM patients." + +"This staggering decline of 78% in the price on a day with extremely positive news about the company was caused by defendants' relentless and brazen manipulation of the market for NWBO shares," Northwest alleged. + +The company also says the broker-dealers intentionally hid their spoofing scheme and acted with scienter, or fraudulent intent. + +Laura H. Posner of [Cohen Milstein Sellers & Toll PLLC](https://www.law360.com/firms/cohen-milstein), counsel for Northwest, said in a statement that she looks forward to holding the market makers responsible for the harm they caused and "bringing critical and necessary transparency to these markets." + +​​"It's already underhanded to engage in market manipulation, but to do so at the expense of cancer patients, some of whom have no other treatments to place their hopes on, is unconscionable,'' Posner said. + +Northwest Biotherapeutics is represented by Laura H. Posner, Michael B. Eisenkraft and Jessica (Ji Eun) Kim of Cohen Milstein Sellers & Toll PLLC. + +Counsel information for the defendants wasn't immediately available Thursday. + +The case is Northwest Biotherapeutics Inc. v. Canaccord Genuity LLC et al., case number 1:22-cv-10185, in the U.S. District Court for the Southern District of New York. + +--Additional reporting by Rose Krebs. Editing by Linda Voorhis. + +Read more at: https://www.law360.com/articles/1554064/biotech-co-accuses-citadel-securities-others-of-spoofing +I've been due a raise at the job I work at for quite a long time. Recently (with the help of you guys) I've discovered I've been significantly underpaid, so I asked for raise that is significantly higher, and would put me up in the range that I feel better about (going from 55k to 77k). After a lot of back and forth, it's looking like they're agreeing to the raise, but at the cost of letting go of one of my coworkers, and giving me those responsibilities too. + +It seems like that puts me in an awkward situation. I don't want to see anybody get let go, but I also need a raise in order to justify staying there. And the amount that they're raising my rate is probably less than half of what they're currently paying my coworker. + +What do you guys think I should come back with? Thanks! +Southwest Airlines could be a good buy tomorrow. What do you all think? Ive never seen an airline handle "weather problems" so well. Southwest did an incredible job at cancelling thousands of flights with almost no notice. That "weather" in Florida really came out of nowhere these past couple of days, could have been very dangerous to fly in! + +Im shocked that many other airplanes still flew through all that "weather" in Florida these past few days. Im sure Southwest's customers are very pleased with how the airline handled this "weather" problem. + +I think everyone should go all in on this company, only good things from here on out I bet! + +**NASDAQ Ticker:** LUV + +Best keep an eye on that! +I am in the very priviliged position of earning about £85k per year. I am considering putting £35k into pensions to avoid the higher tax rate. Is this prudent or foolish (asking as it seems not many similar income earns would consider putting that much into pension)? + +&#x200B; + +Adding some details to help outline my situation: + +Age: 24 + +Plan is to retire ASAP + +Would put the pensions into a 100% equities global all-cap fund + +Current living expenditures is about £2000 a month (an includes leeway for leisure, activities etc. etc.) + +I used a take home pay calculator which suggests if I max out the tax-free £45k pension contribution, I still get £2750 as take home pay (so £750 left to put into an ISA / for travelling) + +I currently have a £4k 'rainy day' fund in case of emergencies + +I plan on leaving the UK in the next 10 years or so don't anticipate maxing out the pot to be an issue + +&#x200B; + +Thanks all! + +&#x200B; + +Edit: Have selected 50% as my pension contribution. This will put me over the tax limit, but as I (including employer) only contributed \~£6k each year for the last 2 years, this should still keep me highly tax efficient. I have a couple of days to change my mind, after which I will be locked in for the year + +Edit 2: I feel like I may have lost my mind, but I'm currently thinking of putting everythin above the tax-free allowance into my pension. I really have not made the most of my pensions the past 3 years so am considering putting everything into the pension pot (minus tax-free allownace) and then just selling my ISAs and using that to sustain myself for the rest of the year (which covers 1.5 years of expenses). That way I can carry over my unused pensions from previous years. Am I being an idiot? +I'm 21 and have been working a super shitty dead end retail job for the last two years. I used to get a lot of work but they've had to cut hours and due to being a casual staff member I've been lucky to get one shift a week lately. I've been slowly losing my soul watching people around me get into 'actual' work and barely making enough to get by. + +I started studying a Bachelor of Business majoring in Human Resources at the beginning of last year and am very close to graduating, and managed to secure an internship with a large company that includes an absolutely fantastic three year contract. I start tomorrow and I'm working part time making $25.30 AUD an hour with four weeks of vacation and ten sick days plus other benefits, and I get to move to full-time when I graduate this time next year and it also mentions my hourly rate going up when that happens too. + +I could not be happier with how things have gone, here's to things looking up. +Title says it all really. I was wrongly advised to be self-employed as a runner when I first started my career in media at a post house in 2016. I had been travelling that tax year and on my salary earned under my tax allowance for that year so was also advised not to file. + +My employer then moved me onto PAYE after those 3 months and I've since moved job but been on PAYE ever since. The fine relates to the 2018 tax year which is where my confusion lies as I've been PAYE since 2016 and should be able to source payslips to prove this. For the 2018 tax returns I'll need all payslips from 2017? Or is it a simple matter of calling HMRC and explaining all of this to them? + +&#x200B; + +Thanks in advance! + + +Edit: Called HMRC and explained the situation about never filing a return as I’ve been PAYE and they thankfully understood and have voided all fees and penalties. +I'm just so happy, and I kinda need to tell someone about this, so here's my story. + +I started working with my current company three years ago (to the day, march 15th 2014). The company is great, work from home, great colleagues, I'm good at what I do, conditions are nice, etc. + +Three years ago, when I had my job interview, during the final process, they asked me what my expected salary would be, and I told them based on what I was able to see from other similar jobs, and past work experience. I told them, and it was approved as soon as I said it. I thought it strange that they would agree so quickly, and kinda wondered if I had just lowballed myself to this salary. + +Then a full year and a half came by, and I got my yearly review. "You're doing great work, clients love you, how do you like it, etc. Listen, I'm gonna give you a 6% raise! Normally I would only give 3% or so to people, but you get double!" I was pretty happy with the raise, but still felt that this was them playing catch-up on my salary to match other people. + +Next year, pretty much the same story. Big raise, lots more than others (or so they way), good job. Still, I'm happy. + +Then, I see on glassdoor that someone posted that a project manager job at my job makes significantly more than I. Like 30% more. That kinda pissed me off. My title is not project manager, but I do manage projects, and clients, and I never really cared about my title. To me, I should make close to that. Then I found a former colleague who had that job, and asked him how much he is paid, and it was pretty much that amount. I was more angry I was making so little in comparison. + +By looking around, I was able to access some contracts for some employees that were not protected, and I realized that I was making less than anybody else in my position (despite being the oldest employee, and also having more responsibilities with clients and projects). I chalked it up to me not having negotiated a good enough salary when I came in, and I had to fix that. + +Talking to my former colleague, he told me that I had to get my ducks in a row, potentially find another job offer to gain leverage, and also realize that since I was not living near the big city (i relocated about three hours away to a smaller city), it could be difficult for me to leverage since I would have trouble finding a satisfactory job offer in a smaller market. + +I took that into consideration and decided to simply go see my boss about this. We have a great relationship, and I could see his reaction and take it from there. So I went, told him I found other people's salaries and how I did it so they could fix that breach, and I plead my case. He took that to HR and the owner of the company (it's a small firm). + +Took them a week, and then he came to me. He said they were a bit pissed I checked the salaries of other people, that I shouldn't have, and I told him yeah, sorry, but not that sorry actually. I kinda stumbled onto them, and I didn't tell anybody about it, but it certainly helped me to leverage. We argued over some details, and I had a feeling I was gonna be offered something small, but then they gave me a 20% increase effective april 1st, with an additional 7% effective august 1st! + +I think I went against most advice here when I went to negotiate my salary (no plan, comparing myself to others, etc.), and I can't say I was happy doing it, but it paid off :) + +Edit: guys, I get it. I'm going to lose my job, then not ever being able to find a new one, on top of going to prison. It's possible, but I say it's unlikely. My boss admitted he felt I was a bit underpaid, in the end it's an upward move to a more project-manager job with a salary increase, and knowing the company, its people, the industry and the value I bring to the company, I wouldn't say I feel at risk of losing my job here. But if I do, I 100% promise I'll tell you. + +To expand a bit on that, the files were on a google drive that I had access to. I'm not sure if everyone had access to it, I didn't check. I was not looking for any of that, but yes I did have a look when I noticed that folder. I was actually looking for my hiring documents, and it just so happened that some others were just about right next to mine, and I had a look. +I'm considering investing in the Canadian stock market, but I fear Canadians are misallocating excessive capital to housing instead of productive assets. + +My worry is that people are spending too much capital on unproductive (relatively) assets, instead of that capital going towards actual businesses. Money is going to mortgages and down payments instead of the stock market, buying stuff, or starting new businesses. That hampers real growth, wages, and demand. + +What do you guys think? I used to be bullish on Canada because of the high skilled immigration. But now that I've lived here for a while and see the situation with my own eyes, I don't like the composition of the economy, and that makes me hesitate. So for now I've been putting money into the Indian stock market instead. + +Your thoughts on this? +My father is in his 70’s with Parkinson’s, mom is late 50’s relatively healthy. Since he always managed everything financial some poor decisions have been made as his cognitive function has declined. They own their house, worth possibly around $130k. I believe they owe about $50k on it but may have gone overboard on their HELOC since I last looked at the numbers. They are looking at moving to a more accessible apartment or home. Is there any prayer of keeping the house to rent out or should they sell and use whatever profits to pay off debts or as savings? I’m sorry I don’t have the totals on their debts. + +Parents’ monthly finances: +Mortgage: $550 +HELOC: $360 +Monthly taxes: $370 +Home INS: $85 + +Car loan: $110 +Credit cards: $315 + +Auto Ins: $65 + +Health costs: $665 + +Utilities: $250 + +Total: $2770 + +—- + +Dad’s SS: $1500 +Mom’s income: $500 +IRA distribution: $800 (will run out in 5 months, so I figure there’s about $4k left) + +Total: $2,800 + +This isn’t including food, gas etc. so obviously a bad situation especially as soon as the IRA is gone. My mom’s income is so low because she cares for my dad and leaving for the 12 hours of work per week is not the safest situation for him so the idea of gaining income is a challenge. + +We don’t know what is best. In our area one would be lucky to find a 1 bedroom rental for around $1100. +I have a hard time understanding what % of income my wife and I should aim to save. We are moving into a new home, and when I factor in the entire monthly mortgage and ALL expenses we have per month (including miscellaneous expenses such as going out to dinner, haircuts, my wife getting nails done, etc), we are saving: +1. 21% of our net income +2. When I factor in our estimated tax return, we are saving 25% of our net income +3. And when I factor in our tax return and the $ we contribute to our 401k, we are saving 31% of our net income + +Should I be factoring in 2 and 3 to our overall savings percentage, and are these good ratios? +I am currently an undergraduate/working on my bachelor's degree. I will also be completing an additional two year degree after I graduate, set to be done likely at the end of 2021. In the spirit of it being better to start investing a little bit but early than investing more but later, I really want to start some sort of investment account to start 2020. + +My gut is telling me that since I do not have a full time job that provides a 401k, I should start an IRA. I have the money to start squirreling away a little, even taking student loans into consideration, and like the flexibility of just having one set up already. + +How do I actually pick which IRA is the best option for me? As in, which companies should I be comparing? A financial life skills class I took mostly mentioned Charles Schwab, Fidelity, and Vanguard, but honestly there are so many details that I'm not sure what to start looking at. Is it as simple as I want something with a low commission or cost per stock? What protections should I be looking for? + +Any resources that reliably walk through this sort of stuff would be greatly appreciated! +So, not proud of where I am, but it is time to fix it. I do not want to spend my 30's fixing my terrible decisions I made in my 20's + +So I grew up pretty poor, having money meant to spend it, single mother on K-Mart pay trying to spoil the children didn't help or guide me to the right path when it comes to money management (love ya ma). I've never learned about budgeting, or bills or credit, its french to me but I am trying to learn. + +&#x200B; + +I currently make $57,000 a year on salary, being paid bi-monthly after taxes, 401k, its roughly $1600 in my bank account every 2 weeks. I just accepted a promotion making $72,000 year and have come to the conclusion that I'll have to live in my car because I can't find a person to rent to me with my credit so low. I know this will be a slow up hill battle but I am ready to face it. + +&#x200B; + +***\*Nitty Gritty\**** + +**Collections:** + +$7,868 in Medical Bills (I had strep throat and pneumonia, at the same time, would not recommend) + +$4,011 in owed rent (Leasing company never sent invoice to my company for reimbursement for move, never had anything in writing from the leasing company stating they would so I am responsible for the debt) + +$252 Unpaid gas bill + +$11,000 My car was repossessed as I was trying to balance rent from the place above, and my current apartment and I ended up defaulting on the loan after two missed payments + +&#x200B; + +**Credit Cards/Lines of credit:** + +None + +**Bills:** + +$120 Insurance + +$55 Phone Bill + +$50 Gym + +$950 Rent + +$140 per check to 401k + +$20 Internet + +$200-300 on eating out/drinks + +$100 Groceries + +&#x200B; + +CreditKarma states that my credit score would jump to 503 if I opened a credit card with a 200$ deposit, how accurate is that? Can I trust them, I hear the ads on the radios. + +&#x200B; + +I know I've been stupid and irresponsible but I would really appreciate any help or tips you guys have. Looking at my check vs bills I have no idea where my money goes, which is kinda scary when I think about it, I am determined to do what it takes to resolve this, I just need a bit of guidance. +Those dumb fucks are only allowing me to sell and not buy or average my cost down. If SEC does not do anything about this will fucking sue them. + +&#x200B; + +Update: + +Reached out to 10 Security Litigation Firms I will update you when I hear back. + +Email below: + + *Hello XX,* + +*Current market manipulation is going on. GME. BB. and a few other stocks are only allowed to be sold and not purchased on platforms.* + + +*CITADEL pays Robinhood for their order flows which makes up 40% of their revenue. CITADEL has huge short positions that have been getting crushed the last 4 weeks due to retail traders like myself.* + + +*Robinhood and CITADEL are colluding to drive the price down by not allowing anyone else to purchase shares of those stocks.* + + +*There are 100's of thousands of people getting screwed including me where I'm not able to buy and average my cost down.* + + +*Robinhood TOS allows them to suppress stocks, but it is illegal when colluding with a Hedge fund to manipulate volume in favor of their shorts.* + + +*Open to discussing what options I have from class action to suing on my own.*   + +*Thank you!* + +Update 2: response from 1 law firm working on it. + +Good Morning xxx, + +I am responding to the inquiry we received from you via FindLaw to Anthony Harwood of Harwood Law PLLC. As Tony's assistant, and I field all the initial inquiries for legal representation, and you requested to be contacted via email. Would you please provide more information regarding your potential claim. + +Robinhood began to restrict retail investors from buying Gamestop and other stocks (AMC, Blackberry, etc.) this morning, while hedge funds are still able to trade these stocks. Please confirm, and can you estimate your potential losses as a result of not being able to buy shares at this time? + +What is the firm that you believe poses a conflict of interest for Robinhood and what is the conflict? + +Were you notified of the decision to limit buys by Robinhood? If so, how and when? + +Please provide any additional information that you think might be helpful in providing a fuller understanding of your situation, and we will get back to you promptly. + +Best Regards, + +Update 3 My response: + +Good Morning Karin, + +Thanks for getting back to me. My answers in black below. + +Robinhood began to restrict retail investors from buying Gamestop and other stocks (AMC, Blackberry, etc.) this morning, while hedge funds are still able to trade these stocks. Please confirm, and can you estimate your potential losses as a result of not being able to buy shares at this time? I'm currently down over $20,000 and lost out on over $500,000. I have made a post to gauge peoples losses and they are in the 100s of millions. + +What is the firm that you believe poses a conflict of interest for Robinhood and what is the conflict? Robinhood is connected with CITADEL. CITADEL Hedge Fund is shorting these stocks and have lost 2-3 billion the last couple weeks due to the short squeeze. I have also read it seems to be a colluded effort by a number of brokers to block buying and only allowing selling of these specific stocks that CITADEL has interest in.. IBKR, TD, and CS seem to be working in unison to manipulate the market. + +Were you notified of the decision to limit buys by Robinhood? If so, how and when? Not until 11:30am this morning where they sent a notification. You would not see the notification without pressing around the app. The notification only stated "due to ongoing volatility some securities like AMC and GME are position closing only". So basically they are only allowing people to sell their shares driving the price down to benefit the funds that are shorting the stock... + +Please provide any additional information that you think might be helpful in providing a fuller understanding of your situation, and we will get back to you promptly. I have a few thousand people that want to join a class action lawsuit. A number of individuals are already reaching out to other law firms across the country. If you see the current news financial titants, congress members, and many others are commenting on the collusion market manipulation that is taking place on Robinhood. + +I'm working to gather more information but the damages can be in the billions.. + +Thanks! + +UPDATED 4: + +I HAVE A CALL TOMORROW WITH ATTORNEY. + +UPDATE 5: + +I had a call on Friday with attorney and he requested all proof, screen shots, and links to subreddits. + +He is reviewing the potential for litigation and told me he will get back to me mid week. + +I will keep you all posted. +April 8 (Reuters) - Chipmaker Nvidia Corp (NVDA.O) said on Friday it would seek shareholders' approval to increase the number of authorized shares of common stock to 8 billion from 4 billion. + +Again this is not a stock split this is a dilution of shares. Any insight from my fellow redditors would be great. +Anyone else notice how it's been nearly a month since any "news" on GME has come out? There used to be a LOT more. + +&#x200B; + +https://preview.redd.it/0wbav66p1tv91.png?width=1406&format=png&auto=webp&s=21b7ecd87b4f5bdde3dd4578beaea52ddf764eb2 + +This sub is literally the only place where we can get any information, speculative or not. I just think its interesting how we went from seeing nearly daily articles about "Forgetting Gamestop" to zero, zip, zilch. Why is everyone so tight lipped all of a sudden? +Hi AusFinance,Like many of you here, I have some personal savings/investment goals for myself. It means I've had to make some personal sacrifices in order to keep to these plans (i.e. less dinners out, limiting impulse purchases - not giving up everything by any means). + +The issue is one of my friend circles loves a bit of the bougie lifestyle. Lots of long lunches, ticketed events etc. I do love that sort of thing occasionally, but dropping $500 in a weekend a few times a month is just not compatible with my goals. + +I've tried offering alternatives (walks or something a bit cheaper like coffees or ice-cream) but I end up feeling guilted into going or just not seeing these friends for a while. They're all lovely people I love hanging out with, but I just can't justify paying that much all the time - everything they do seems to . + +Part of the issue is I have a pretty comfortable wage so I "can" afford these types of events, but my future goals don't really fit this. I'm finding it hard to explain this. + +Is this just a natural development of friendships ebbing and flowing and life stages? Any advice from people who have been through something similar would be appreciated? How do you guys balance your social life and finance goals? +Hello Reddit, + +I have been trying to get financing on a house for 27.5K in the Chicago area for a while. I finally got a small bank that could do the mortgage. I am sending the bank rep the signed purchase contract today but I’m starting to get nervous. + +I bought a house a few months ago in a cash deal with just an attorney and no realtor. I am trying to go that route again but obviously it’s different due to financing. + +The seller didn’t want to provide an inspection so I asked the bank rep if it would be okay if I paid for the inspection on my end. In short, he said he couldn’t give advice and recommended using a realtor. + +Can someone please tell me all the things I need to do to make sure everything goes well at closing? + +This is what I have so far (I’m drawing on my knowledge from the last transaction). + +Home inspection ( will be complete tomorrow) +Survey (will be complete Tuesday next week) +Title search and insurance (I believe my attorney is handling this but will send email to clarify) + +If I get the three things above done, and ensure I have the necessary cash to close, am I good to go? +A Canadian friend has been suffering from a difficult to diagnose medical issue and they believe that the best experts for it are in the US. There is no concern about being able to pay the costs out of pocket. + +My thought was that they could just make an appointment and travel in as a tourist (without a visa; due to VWP), but they've been advised that they need a sign-off from a Canadian doctor saying its impossible to get treatment there, and then approval from a US consulate, and an invite letter from a US doctor to get a special medical visa, and if they didn't they could get deported and banned from the US. + +This sounds absurd to me and I wonder if its not just advice for getting Canada to *pay* for it. + +Assuming they are paying cash in advance I wouldn't expect a US doctor to give a darn where they came from, nor would CBP have any idea they saw a doctor, and that the deportation stuff might be technically true, that it isn't likely to be an actual issue esp as they would also be legitimately traveling to the US to visit friends at the same time, and aren't indigent or staying for a long time. ... and that maybe they're just getting advice from someone who isn't used to advising people who can afford treatment. + +Anyone have any relevant experience? +A massive scam is happening that is causing people to lose thousands of dollars in a matter of minutes. It goes like this: + +\-You get a call from your bank's number + +\-You're informed of a suspicious transaction and possible online banking takeover + +\-You're asked to reveal your online banking username + +\-You're asked to reveal a temporary passcode sent to your phone + +\-Fraudster logs into your online banking and steals money via your bank's peer-to-peer system (ie Zelle) + +&#x200B; + +The frustrating part about this scam is how effective it is. I work at a bank and I helped 3 people with this scam the past week. And it's been going on for months. + +Banks are trying to educate customers about this fraud, such as issuing a temp password with a warning that says to never share information with anyone, even a bank employee. Unfortunately, customer education and awareness takes time and can be ineffective in the heat of the scam. Customers affected say to me "I can't believe I read them my passcode when the message said not to share it with anyone!" + +Bankers, IT pros, and community, what are some ideas to fight this scam? How can we prevent bank customers from sharing their temp login code? Fintech pros, how can apps like Zelle help fight unauthorized P2P transactions? + +&#x200B; + +EDIT: Great feedback from community. Amendment to headline is to "hang up immediately and call your bank from a different phone if possible." +Wife and I keep debating a vacation home. Ideally we would want a 2 or 3 bedroom condo with a good HOA in the Orlando area. There is a lot to choose from and average price seems to be between $200k to $280k, easily in our budget. + +The issue is that Orlando has a ton of vacation rentals as well. The exact condo we could buy rents monthly for around 3k. + +Ideally we want to spend between 3 to 5 months a year in the area. So for those that did a second home, looking back do you wish you had just rented instead? +A rare public spat in the technology industry escalated on Tuesday when Google said it would block its video streaming application YouTube from two Amazon.com Inc devices and criticized the online retailer for not selling Google hardware. + +The feud is the latest in Silicon Valley to put customers in the crossfire of major competitors. Amazon and Google, which is owned by Alphabet Inc, square off in many areas, from cloud computing and online search, to selling voice-controlled gadgets like the Google Home and Amazon Echo Show. + +The stakes are high: many in the technology industry expect that interacting with computers by voice will become widespread, and it is unclear if Amazon, Google or another company will dominate the space. Amazon's suite of voice-controlled devices has outsold Google's so far, according to a study by research firm eMarketer from earlier this year. + +In a statement, Google said, "Amazon doesn't carry Google products like Chromecast and Google Home, doesn't make (its) Prime Video available for Google Cast users, and last month stopped selling some of (our sister company) Nest's latest products. + +"Given this lack of reciprocity, we are no longer supporting YouTube on Echo Show and Fire TV," Google said. "We hope we can reach an agreement to resolve these issues soon." + +Amazon said in a statement, "Google is setting a disappointing precedent by selectively blocking customer access to an open website." + +It said it hoped to resolve the issue with Google as soon as possible but customers could access YouTube through the internet - not an app - on the devices in the meantime. + +The break has been a long time coming. Amazon kicked the Chromecast, Google's television player, off its retail website in 2015, along with Apple Inc's TV player. Amazon had explained the move by saying it wanted to avoid confusing customers who might expect its Prime Video service to be available on devices sold by Amazon. + +Amazon and Apple mended ties earlier this year when it was announced Prime Video would come to Apple TV. Not so with Google. + +In September, Google cut off YouTube from the Amazon Echo Show, which had displayed videos on its touchscreen without video recommendations, channel subscriptions and other features. Amazon later reintroduced YouTube to the device, but the voice commands it added violated the use terms and on Tuesday Google again removed the service. + +The Fire TV loses access to its YouTube app on Jan. 1, Google said. Amazon has sold that device for longer than the Echo Show, meaning more customers may now be affected. + +https://www.google.com/amp/mobile.reuters.com/article/amp/idUSKBN1DZ37O +Source: [https://techcrunch.com/2019/12/19/despite-winters-chill-the-northeasts-tech-ecosystem-is-white-hot/](https://techcrunch.com/2019/12/19/despite-winters-chill-the-northeasts-tech-ecosystem-is-white-hot/) + +Is the US tech industry **that** much of an overachieving outlier, or is Europe's tech industry that weak? If the latter, what does the future hold for their economy if this continues? +With 4% SWR and 15% tax, you'd end up with $17,000 a year. Is that enough to enjoy live in the United States as a single person? How would you go about it? Rent a room in an affordable city where you can get around without a car? How about healthcare? What's the average monthly cost for ACA? + +Just thought it'd be interesting how other people would go about living off of $500,000. + +*edit: Many people have noted the tax is too high. No federal tax and a guestimated state tax of $700 based in NC will get us to $19,300. +[How fucking dumb can this company be?](https://i.imgur.com/RhSgftv.png) + + + +https://www.nytimes.com/2017/09/20/business/equifax-fake-website.html + +By MAGGIE ASTOR +SEPT. 20, 2017 + +> People create fake versions of big companies’ websites all the time, usually for phishing purposes. But the companies do not usually link to them by mistake. +> +> Equifax, however, did just that after Nick Sweeting, a software engineer, created an imitation of equifaxsecurity2017.com, Equifax’s page about the security breach that may have exposed 143 million Americans’ personal information. Several posts from the company’s Twitter account directed consumers to Mr. Sweeting’s version, securityequifax2017.com. They were deleted after the mistake was publicized. +> +> By Wednesday evening, the Chrome, Firefox and Safari browsers had blacklisted Mr. Sweeting’s site, and he took it down. By that time, he said, it had received about 200,000 hits. +> +> Fortunately for the people who clicked, Mr. Sweeting’s website was upfront about what it was. The layout was the same as the real version, complete with an identical prompt at the top: “To enroll in complimentary identity theft protection and credit file monitoring, click here.” But a headline in large text differed: “Cybersecurity Incident & Important Consumer Information Which is Totally Fake, Why Did Equifax Use A Domain That’s So Easily Impersonated By Phishing Sites?” +> +> Continue reading the main story +> RELATED COVERAGE +> +> +> Answers to Your Questions About the Equifax Hack SEPT. 17, 2017 +> +> Prosecutors Open Criminal Investigation Into Equifax Breach SEPT. 18, 2017 +> Equifax Says Cyberattack May Have Affected 143 Million in the U.S. SEPT. 7, 2017 +> It would be just as easy for phishers to create their own versions of the Equifax page, and that would be bad news for anyone entering the information required to enroll in identity theft protection: their surname and the last six digits of their Social Security number. (In Mr. Sweeting’s version, the form was disabled so that no information was saved.) +> +> “Their site is dangerously easy to impersonate,” Mr. Sweeting said in an email, noting that he had created the site solely to draw attention to the weakness of Equifax’s security. “It only took me 20 minutes to build my clone. I can guarantee there are real malicious phishing versions already out there.” +> +> “It’s in everyone’s interest to get Equifax to change this site to a reputable domain,” he added. “I knew it would only cost me $10 to set up a site that would get people to notice, so I just did it.” +> +> In a short statement on Wednesday, Equifax said all posts containing the wrong link had been deleted. +> +> “We apologize for the confusion,” the statement said. “Consumers should be aware of fake websites purporting to be operated by Equifax. Our dedicated website for consumers to learn more about the incident and sign up for free credit monitoring is https://www.equifaxsecurity2017.com, and our company homepage is equifax.com. Please be cautious of visiting other websites claiming to be operated by Equifax that do not originate from these two pages.” +> +> An Equifax spokeswoman, Marisa Salcines, did not respond when asked why the company had created a separate website rather than a subdomain of equifax.com. +> +> That, cybersecurity experts said, was the key mistake. Phishers cannot create a page on the equifax.com domain, so if the website were hosted there instead, it would be easy for users to tell that the page was legitimate. +> +> “You would think that would be the obvious place to start,” said Rahul Telang, a professor of information systems at Carnegie Mellon University. “Create a subdomain so that if somebody tries to fake it, it becomes immediately obvious.” +> +> “Equifaxsecurity2017.com,” on the other hand, looks so unofficial that Mr. Telang said even he had been unsure at first whether it was safe to enter his information. +> +> Mr. Sweeting explained in his email that a Linux command, “wget,” allows anyone to download the contents of a website, “including all images, HTML, CSS, etc.” +> +> “It was super easy to just suck their whole site down with wget and throw it on a $5 server,” he wrote. “It currently has the same type of SSL certificate as the real version, so from a trust perspective, there’s no way for users to authenticate the real one vs. my server.” +> +> Mr. Telang said Equifax’s actions suggested that the company had never anticipated or planned for a data breach. +> +> “If you don’t have a plan in place, you will find different ways to screw it up,” he said. “Equifax is just a perfect example of that.” +> +> All of the incorrect tweets ended with “-Tim,” indicating the name of the Equifax employee who wrote them. The Equifax spokeswoman did not say whether any disciplinary action had been taken, and Mr. Sweeting said he hoped the employee had not been fired. +> +> “They probably just Googled for the URL and ended up finding the fake one instead,” he said. “The real blame lies with the people who originally decided to set the site up badly.” +If you are here asking what you should buy, how much you should allocate and to where, whether you should buy now or DCA over time, or if your post can be summated to “will this ticker(s) go up from here?”, then fuck off! + +Nobody knows anything. + +Pelosi bought $100 $RBLX LEAPs and the stock hit an all-time low last week. + +Burry’s $TSLA puts literally fucked him in front of his family. + +Ackman just took a fucking $400mil loss on $NFLX. + +Munger doubled down on $BABA and then sold half his position at a loss. + +If your post mentions the % off all time high, fuck off. + +If your post mentions the metaverse, fuck off. + +If you’re down on your investments and your post helps you feel good about bag holding, then fuck off! + +The market will probably crash any day. Or it will melt up for 2 more years. I don’t know and neither do you. + +Nobody knows anything. + +Edit: Fixed Ackman’s loss on $NFLX +Hi guys, AMC just made a "deal" with Mudrick Capital. They have sold 230 million worth of shares(source market watch) to them. The price in premarket is at the moment up by 17%. What are your predictions for today after the market opens? I m expecting at least a 10% and a maximum of 25-30% by the end of the day. + +Thank you! + +[https://www.marketwatch.com/story/amc-sells-85-million-shares-at-near-4-premium-to-mudrick-capital-stock-surges-2021-06-01?mod=mw\_quote\_news](https://www.marketwatch.com/story/amc-sells-85-million-shares-at-near-4-premium-to-mudrick-capital-stock-surges-2021-06-01?mod=mw_quote_news) +Recently, I was griping about how difficult it truly is to reach FI at an early age, and how many years of intense discipline I had to go. I just turned 26, am closing on my third property, write my PMP this weekend and have a NW close to 200k. I am comfortable with my standard of living, and love my work. My friends comment (he also follows FIRE) was a bit of a wakeup call because he's so right...if we fail at FIRE but work hard to try and get there, we still end up in a PHENOMENAL spot. Still want that FIRE, but its always nice having a gentle reminder that even TRYING is more than most do. +"China obviously represents incredible potential for the Walt Disney Company," CEO Bob Iger told reporters. The resort is a joint venture with state-owned Shendi Group, which has a 57% stake - a concession agreed during lengthy negotiations. +I'm positive I am missing something. From my perspective, the interests of small businesses and the interests of corporations are not very aligned. The US Chamber of Commerce is very clearly a corporate interest group. Why don't small businesses break off and start paying dues to their own interest group, which naturally would have their interests more at heart? +David Friedman came up with a pretty cool version of the argument against tarrifs. + +http://www.daviddfriedman.com/Academic/Price_Theory/PThy_Chapter_6/PThy_Chapter_6.html + +"There are two ways we can produce automobiles. We can build them in Detroit or we can grow them in Iowa. Everyone knows how we build automobiles. To grow automobiles, we begin by growing the raw material from which they are made--wheat. We put the wheat on ships and send the ships out into the Pacific. They come back with Hondas on them. + +From our standpoint, "growing Hondas" is just as much a form of production--using American farm workers instead of American auto workers--as building them. What happens on the other side of the Pacific is irrelevant; the effect would be just the same for us if there really were a gigantic machine sitting somewhere between Hawaii and Japan turning wheat into automobiles. Tariffs are indeed a way of protecting American workers--from other American workers." + +I think the key is the last sentence. +Guten Morgen to this global band of Apes! 👋🦍 + +The US has switched to Daylight Savings Time, but Germany is a few weeks behind. As such, the German Markets only open one hour before the US Premarket opens, so Diamantenhände will only cover the first 60 minutes on the German exchanges. + +This truly feels like a pivotal week in the GME saga. Shorts are continuing their aggressive price attacks against retail traders, who are continuing to buy every discounted share that they have on offer. They absolutely *need* the price to be lower, so I will not be surprised if I'm buying an even deeper dip (again) tomorrow. With GameStop earnings after market close on Thursday, there is no shortage of fuckery in store for us through Friday. + +The 15% discount is obviously big news, but even bigger news is the series of messages from the SEC today, warning about counterparty risk, gathering as much margin as possible, particular risk from concentrated positions, and to watch intraday positions closely. My friends, this is a highly unusual set of statements, and the *intensity* of the emphasis in these messages could not be clearer: there will be industry titans falling soon, and now is the time for any institutions who think they can survive to start distancing themselves or they will be crushed in the fallout. The recent jolt to the market has set these events in motion, and the system cannot defeat our Diamantenhände. + +And then RC directly calls out just how dumb they are. They're spending millions to drive the price down because they think that's going to somehow help them survive this? With earnings on Thursday? Against the team that RC assembled to revolutionize retail and pioneer a new kind of marketplace, funded with well over $1b and with an eager customer base? Dumb stormtroopers of the investing galaxy indeed. + +Today is Tuesday, March 15th, 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: **$82.14 / 74,95 €** *(volume: 9214)* +- 🟥 55 minutes in: $82.36 / 75,15 € *(volume: 9035)* +- 🟩 50 minutes in: $82.58 / 75,35 € *(volume: 8687)* +- 🟥 45 minutes in: $82.38 / 75,16 € *(volume: 8564)* +- 🟥 40 minutes in: $82.58 / 75,35 € *(volume: 8103)* +- 🟥 35 minutes in: $83.22 / 75,94 € *(volume: 7897)* +- 🟩 30 minutes in: $83.46 / 76,15 € *(volume: 7630)* +- 🟥 25 minutes in: $82.93 / 75,67 € *(volume: 7235)* +- 🟩 20 minutes in: $83.24 / 75,95 € *(volume: 5172)* +- 🟩 15 minutes in: $81.73 / 74,58 € *(volume: 2938)* +- 🟩 10 minutes in: $80.70 / 73,63 € *(volume: 2384)* +- 🟩 5 minutes in: $80.30 / 73,27 € *(volume: 1211)* +- 🟩 0 minutes in: $80.02 / 73,01 € *(volume: 366)* +- 🟥 US close price: $78.11 / 71,27 € *($80.48 / 73,43 € 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 1.096. 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! +Cryptos are inflated. Bitcoin was meant to be digital gold but every time the market goes down, bitcoin follows. Also, unlike gold bitcoin is too volatile. Property prices across the world are inflated. Stocks are running hot, indexes are pretty much the same. Then there are geopolitical issues with China and Russia. If you were to pick one asset class that poses the greatest risk for the financial markets and economies in general, which one would that be and why? +QQQ has returned over 28% this year (as of 9/25/2020). Just a few weeks ago, it was even higher topping 300. Made up primarily of "tech names", it is well ahead of the other index-based ETFs as investors and traders bid up names that have done well in a pandemic. Another way to look at QQQ is as a proxy for 3 of the biggest names - Apple, Microsoft, and Amazon - which make up about 35% of the index as it is market cap weighted. + +A review of the chart shows that QQQ dropped like everything else in March, but its recovery was certainly v-shaped: + +&#x200B; + +[1 year chart of QQQ](https://preview.redd.it/1djs7bcylqp51.png?width=499&format=png&auto=webp&s=357a60c9e614e5f671fcee0c67eb897da9e2814d) + + + +Long term I remain bullish on the stock market as a whole as well as technology. If I could go back and load up some more on QQQ at pre-COVID levels, I would. Today, we look at a way to get paid to try and buy shares at the pre-COVID peak. + +The trade is a ratio spread, specifically a put 1x2. The trade: + +* 10/30/2020 Expiration, Buy 1 258 put, sell 2 248 puts for a credit of 1.44 +* Prices are at the midpoint as of 9/25/2020 +* All trades are for educational purposes and do not constitute financial advice. + +**Possible Outcomes:** + +Here is the P&L graph of the position: + +&#x200B; + +[P&L of QQQ put 1x2](https://preview.redd.it/sxkulsh1mqp51.png?width=625&format=png&auto=webp&s=e2a6f4eabac902f854ce3248adcc540009fe0f1a) + +* This spread will make $144 if QQQ expires above 258. +* It will make more if it expires between 238 and 258 (Max of $1144 Right at 248) +* It will break even at 236.56 +* It will lose as if we were long stock below 236.56 + +**Pros to the trade:** + +If we are assigned, we'll be long shares at an equivalent of 236.56, which is below February 19 peak of 237.47. If not, then we get a nice credit of at least $144 and a shot at a much higher credit if the stock ends up between 238 and 258. + +The expected move (based on the straddle) puts QQQ near 250, which is close to our peak profit. The 1 sigma move per TOS, which is shown in the above picture, puts QQQ around 239 on the low side. + +In other words, if the market moves down and is close to the expected move, we'll end up in our profit "tent". + +**Cons to the trade:** + +\[Insert obligatory COVID-19/pandemic comment here that anything could happen\] + +We need to be willing to take ownership of 100 shares at an equivalent 236.56 (Technically, we'd be buying shares at 248). Depending on the portfolio size, this is roughly $25k. + +$144 on $23656 of risk is not a tremendous return for a 32 day hold. It is about 0.6% for the holding period or about 7% annualized. + +**Counter point to the %return con:** + +While strictly our risk is $23656, the probability of QQQ going to 0 approaches zero. This would mean that all \~100 companies go bankrupt and their shares become worthless. As an ETF based on an index, if a company does go bankrupt, it will almost certainly be replaced with another (not bankrupt) company. Last, if AMZN, MSFT, FB, AAPL, etc. all go bankrupt, we have a much bigger issue on our hands... + +The point is that our risk is likely quite a bit less, which increases our return. + +In addition, we have an opportunity to make quite a bit more than the $144 if QQQ ends up between 238 and 258. A good example of this was in a trade I posted for free on my website/Reddit on SPY ([Go Long Spy at Lower Levels](https://optionsalary.com/go-long-spy-at-lower-levels)). + +On portfolio margin the trade will use approximately $1500 of margin. For those that consider return on margin, this is obviously a much more favorable potential return percentage. + +As a reminder, placing this trade requires one to Want to go long QQQ at pre-COVID levels. The ratio spread is another way for traders to try and get long at lower levels and have the potential for a higher return than simply selling a put. + +Questions/comments are appreciated. +NVDA has been rangebound between 500-530-ish for a while now. I only picked up on it 2 months ago, but I felt pretty comfortable on the support around the $500-515 strikes that I usually go "all in" on my capital on spreads two weeks out or so for pretty decent profit. (I know, I know, it's reckless and not true thetagang but it's been okay for now). + +Even helped me recover an 86k loss! +https://imgur.com/a/5wsfR6G + +I definitely plan on stopping the "all in" part of this when I hit my goal this week, but still gonna do it while it's flat. +So, I want to start from next month to invest 100 euros/month on European ETFs. I currently invest in Romanian Stock Market using a local broker ( around 200 euros/month ), but the problem with him is that he requires a 3000 euros in advance depositor for investing on European market, which I don't have. + +&#x200B; + +I know this information is somewhere here already explained, but it feels like the options vary so much ( from sites to trade to what ETF to buy that I am stuck in the same loop, thinking of buying, doing the research, find it overwhelming and give up for an other month). + +&#x200B; + +I have a stable job, I have an emergency found, I am pretty much set to invest beside my 200 euros in Romanian market an other 100 soon to be 200 euros in European market. I want some ETF that are buying stocks ( not looking for very low risk ETF like bounds ETF), but I am not looking either for high risk ETF. What do you think will be my best to GO option ( maybe 2 ETF and go with 50/50 at the beginning then 100/100) + +&#x200B; + +And the most important, what platform should I choose, I want something safe and easy to invest monthly. ( low commission if possible). + +&#x200B; + +Any ideas would be greatly appreciated + +&#x200B; + +>!EDIT what I've learned so far. !< + +1. Trading platforms (best for Romania) + 1. XTB + 2. Trading212 + 3. IBKR ( not really sure about this one) +2. Should invest into + 1. EUNL/IWDA/ SWDA <- same stock different currency ( I might be wrong here). So here it depends on what currency I want to open my account on. + 2. CSPX/SXR8 <- same stock different currency. + +&#x200B; + +So now my questions are. Should I keep one currency like USD and go for CSPX and IWDA? Would that be a good option? And invest like 60%/40% (350$/150$ each 4months)? + +&#x200B; + +&#x200B; +I'm currently trying to figure out how to maximize my net worth to retire early. + +I'm 27 and recently moved to Switzerland (I'm a european citizen). My total yearly current comp is 220k CHF which translates to roughly €143k after taxes (\~€12k monthly). Additionally 8.5% of my wage is put in a pension fund by my employer. + +I live together with my girlfriend and we are spending about 4k CHF a month (€3.5k). + +So far I've been able to save €210k and have no debt: + +€115k sits in a savings account, €35 in locked retirement funds €60k is invested in accumulating low cost ETF': + +\> 70% in iShares Core MSCI World UCITS ETF + +\> 10% in iShares Core MSCI EM IMI UCITS ETF + +\> 20% in EUR Eurozone Government Bond UCITS ETF + +I'd like to buy a property but the real estate market seems pretty expensive currently and the yield from rent would only amount to about 3-4% which is not enough for the hassle. + +I'm currently pumping my montly savings in these ETF's due to lack of better alternatives. I'm hesitant to move more of my savings since I feel that the stock market is a bit high currently. + +Some questions: + +* Do the ETF's mentioned seem reasonable? +* What kind of other investment classes are reasonable except RE and stocks which are both expensive. +* Eventually I want to move back to my home country (north-west europe). Hence I'd like to hedge against eur-usd and eur-chf fluctuations for my stocks. How does one achieve this? + +Since I'm still pretty young without many dependencies I'm ok with exposing myself to some risk to chase higher gains. +Hi there, I am planning our first investment plan for us with my SO. Could you please give advice on if this makes sense & also answer some of the questions I have? + +**Details:** + +* couple, 25 years old (not married yet) +* **1500€ savings /month** +* 6000€ emergency fund +* I’m also contributing to my company pension scheme with the max. possible employee matching +* living & working in Germany (Hungarian citizens if it matters) +* All expenses & material needs covered, also vacations (separate “vacation fund”) +* No debt aside from an interest-free student loan (\~7.5k€) which we are paying monthly +* If we get extra money (raise, bonus, etc.) it would probably also go towards the investments +* Not looking to FIRE or anything just trying to make the "most" out of what we have + +**Plan:** + +* \~300€/mo **ETF** (Probably iShares Core MSCI World or similar) long term (15-20+ years) +* \~1200€/mo short term for **buying an apartment** back home (± 2 years, around 100-150k, with loan) - we are aware of the risks, work & costs and that it is not the best investment to have for everyone, but it is something we would like to have for several personal reasons +* Reevaluate after apartment plan is done but probably put a lot more into the ETF plan + +**Questions:** + +* Is there a **better place to keep the short term savings** & emergency fund than just a regular bank account? I was searching for options but couldn’t find any… +* Should we invest **300/mo** (which would mean \~3 shares) into the ETF, **or a lump sum every half year** or year? +* How should I decide between **accumulating & distributing ETFs**? I read about the taxation differences, can not say that I understand everything 100% (it doesn’t help that my German is only basic) - right now I how understand is that below the 801€ threshold I should go with distributing and reinvest the difference(?) +* I am planning to **invest through DEGIRO**, I already have an account and their fees seem OK especially compared to Commerzbank, etc. Any counterarguments? +* This plan **seems too …. simple… ?** Am I thinking about it correctly or should I think/plan way more? If I try to go in deeper it gets veeery complex, there are so many instruments to choose from, and at the end I read opinions saying that you “can’t really go wrong” with a trusted ETF on long term, so I always gravitate back. +Hello everyone, + +I've started investing in index funds for the long term a little over a year ago and I just got thinking: are the tools/brokers/banks I currently use the ones I will be using until I retire? + +I feel like I'm in the infancy period of my personal finance journey and I chose a couple of banks and brokers that fulfilled my needs now (probably many of these will always be valid): fully online, low fees, passive investments, ease of use.. + +I'm now thinking if there's any specifics to consider given the long term nature of savings and personal finance. For example: ability to transfer assets from one broker/platform to another, automating/ease of use the withdrawals, company strength/security (i.e. it will survive for 20 years), facilitating tax reports, and more? + +So, I was wondering, for people who are well into the journey, + +1) Are you still using the same approach and same platforms? +2) In hindsight, is there anything you should've directly started with or done before or taken into account from the beginning that could've saved you some problems/hassle? + +Maybe my questions focus too much on tools/platforms but I'd also like to hear about other topics such as insurance (any type), mortgages, children(?) and more key aspects that come later in life. Anything that will help me evolve my personal finance in the best way taking into account what I may encounter. + +Thank you!! +Hi there, I am planning our first investment plan for us with my SO. Could you please give advice on if this makes sense & also answer some of the questions I have? + +**Details:** + +* couple, 25 years old (not married yet) +* **1500€ savings /month** +* 6000€ emergency fund +* I’m also contributing to my company pension scheme with the max. possible employee matching +* living & working in Germany (Hungarian citizens if it matters) +* All expenses & material needs covered, also vacations (separate “vacation fund”) +* No debt aside from an interest-free student loan (\~7.5k€) which we are paying monthly +* If we get extra money (raise, bonus, etc.) it would probably also go towards the investments +* Not looking to FIRE or anything just trying to make the "most" out of what we have + +**Plan:** + +* \~300€/mo **ETF** (Probably iShares Core MSCI World or similar) long term (15-20+ years) +* \~1200€/mo short term for **buying an apartment** back home (± 2 years, around 100-150k, with loan) - we are aware of the risks, work & costs and that it is not the best investment to have for everyone, but it is something we would like to have for several personal reasons +* Reevaluate after apartment plan is done but probably put a lot more into the ETF plan + +**Questions:** + +* Is there a **better place to keep the short term savings** & emergency fund than just a regular bank account? I was searching for options but couldn’t find any… +* Should we invest **300/mo** (which would mean \~3 shares) into the ETF, **or a lump sum every half year** or year? +* How should I decide between **accumulating & distributing ETFs**? I read about the taxation differences, can not say that I understand everything 100% (it doesn’t help that my German is only basic) - right now I how understand is that below the 801€ threshold I should go with distributing and reinvest the difference(?) +* I am planning to **invest through DEGIRO**, I already have an account and their fees seem OK especially compared to Commerzbank, etc. Any counterarguments? +* This plan **seems too …. simple… ?** Am I thinking about it correctly or should I think/plan way more? If I try to go in deeper it gets veeery complex, there are so many instruments to choose from, and at the end I read opinions saying that you “can’t really go wrong” with a trusted ETF on long term, so I always gravitate back. +What the title says. I would like to understand what (reasons) make the existence of banks not optional, so that our societies can function. Also, excuse me if this seems like a stupid question. + +Edit (phrased better): + +Besides their basic functions, which are money safekeeping, loan giving, having the convenience of an ATM etc etc, which are the deeper reasons as to why banks exist? + +Edit 2: Thank you all for the enlightening replies. I am sorry for not having the time to reply to each one individually. I will look into what you wrote and dig in more. Thanks again! +I have an internship for an investment bank but I realised I want something with purpose and not that fussed about money. But there doesnt really seem to be jobs that you can do with an economics degree that has a purpose. +The Daily Beast today mentioned, "Fed borrow-and-pump injections that have an addicted Wall Street chasing the liquidity dragon." What happens if the Fed keeps rates super low? It doesn't seem like we have any issues with inflation now. IF we are in a bubble, how could it burst as long as money costs almost nothing to borrow? +***Background:*** + +If I understand mainstream economics correctly, [a worker's wages should equal her marginal product](https://en.wikipedia.org/wiki/Marginal_revenue_productivity_theory_of_wages). But I've often seen it alleged that wages and productivity are not only unequal, but are in fact increasingly *un*equal. + +* From the left-leaning [Economic Policy Institute](https://en.wikipedia.org/wiki/Economic_Policy_Institute) comes "[The Productivity–Pay Gap](https://www.epi.org/productivity-pay-gap/)." It asserts that pay and productivity began to diverge in 1973. Its explanation is policies that have contributed to inequality. As framed, that seems question-begging to me. [This *Atlantic* article](https://www.theatlantic.com/business/archive/2015/02/why-the-gap-between-worker-pay-and-productivity-is-so-problematic/385931/) uses the EPI as a source in its introduction, though [the interviewee](https://en.wikipedia.org/wiki/Jan_W._Rivkin) cites globalization and technological changes as big drivers. + +* From the right-leaning [Heritage Foundation](https://en.wikipedia.org/wiki/The_Heritage_Foundation) comes a report called "[Productivity and Compensation: Growing Together](https://www.heritage.org/jobs-and-labor/report/productivity-and-compensation-growing-together)." It asserts that claims of pay-productivity divergence are based on measurement errors. As an example, it cites a tendency to omit benefits from the "pay" part of the equation, though the EPI article above does include benefits. (Fun fact: Both of these articles open with a reference to the "rising tide lifts all boats" line.) + +* From [NBER](https://en.wikipedia.org/wiki/National_Bureau_of_Economic_Research) we have "[Did Wages Reflect Growth in Productivity?](http://www.nber.org/papers/w13953)" (summarized [here](http://www.nber.org/digest/oct08/w13953.html)). It finds that wages and productivity have grown at the *same* rate--as long as you measure wage growth and productivity growth in the same way. (This sort of inconsistency was also decried by the Heritage article.) + +* From [BLS ](https://en.wikipedia.org/wiki/Bureau_of_Labor_Statistics) we have "[Understanding the Labor Productivity and +Compensation Gap](https://www.bls.gov/opub/btn/volume-6/pdf/understanding-the-labor-productivity-and-compensation-gap.pdf)" (pdf). It finds that productivity growth has outpaced wage growth, and a sector-by-sector breakdown finds that the only exception has been mining. It says that using the same calculation methodology for wages and output shrinks the gap somewhat, but there's still a gap in nearly every sector--attributable to labor's falling share of income. This share varies a lot by industry, with the biggest falls observed in the newest and most tech-based industries. The paper points to globalization, automation, and capital depreciation as underlying forces. + +***Questions*** + +* Which, if any, of the above stories provides a fair description of the evidence--the direction, magnitude, and causes of the change in relationship between productivity and wages in the US? + +* Have other countries seen similar patterns? + +* Which assumptions, if any, of the standard model (wage = marginal productivity) are being violated in such a way as to explain this divergence? +I'm planning on doing a PhD in Economics in 2020 (currently doing a Research Masters) + +What field(s) of economics do you think will become the next big thing? +Also consider a hours of service type rule (like used for trucking) on salaried workers. + +I’ve been mulling over what the effects would be on things like GDP and quality of life for different income levels, things like that. Finally realized I’m probably wrong about everything and should ask someone. + +What started me thinking is all the discussion about UBI. I’d rather everyone worked a little less rather than those at the bottom not work at all. I want my fair share of leisure too! + + +I recently switched my university major to economics, so I have been trying keep updated on recent news regarding the political and economic situations in the world. I'm currently studying abroad in New Zealand, and I am taking an international trade economics class whilst here. Throughout the entire semester, my professor has been hammering home the concept of "trade makes everyone better off." I remember hearing this previously in my introductory classes back in the states, and I'm wondering what Trump's tariffs will do for the U.S. economy? If American manufacturers are able to source their resources by cheaper means, wouldn't it make more sense to spread the wealth created by attaining these resources for less money, rather than making manufacturers pay more for their materials? + +I'm not trying to incite debate over politics, I'm just trying to get a more objective understanding of how trade works. + +Thanks! +At first I thought maybe this is just the consequences of QE. But the government has initiatives a first time buyers program (that gives them equity and keeps demand high), they don’t charge any capital gains on a primary residency, and they’ve just announced that even amidst high unemployment - they are boosting immigration quotas by 20% alone next year. + +Is there a reason to the madness, or is housing just a bystander to policies that attempt to stimulate economic growth? +The question was a true/false question: + + Assume households hold no money in cash. A doubling of the reserve ratio has no impact on the overall amount of reserves in the banking system. + +the answer that was given was: + + *The overall quantity of the reserves does not change, only the quantity of loans that can be provided will decline since the reserve ratio of the national bank doubles. Also, keep in mind that people do not hold cash so that the money from the national bank will show up again in the balance of a normal bank.* + +I get how this changes the total money supply, higher reserve ratios mean less money gets loaned out. But does this not affect the total reserves? I don't really see it. +I've been watching Milton Friedman videos today. I understand he is for minimal government and regulation with some exceptions. However, I've yet to find him discuss circumstances where two parties have incentives to stay with a mutually sub-optimal outcome, even though there might exist a mutually better outcome, i.e., the classic prisoners dilemma. + +Just to be very clear, here is a copy paste example: + +> [**Steroid use**](https://www.quora.com/What-is-a-good-real-world-example-of-the-prisoner-s-dilemma-in-recent-history) + +> The prisoner's dilemma applies to the decision whether or not to use performance enhancing drugs in athletics. Given that the drugs have an approximately equal impact on each athlete, it is to all athletes' advantage that no athlete take the drugs (because of the side effects). However, if any one athlete takes the drugs, they will gain an advantage unless all the other athletes do the same. In that case, the advantage of taking the drugs is removed, but the disadvantages (side effects) remain. + +If we transpose this sort of problem to economic issues, would Friedman be amenable to straight up regulation, or applications of other government imposed incentives? For instance he doesn't object to commodification of pollution, i.e., the government selling rights to pollute. Thus, I know such thought wasn't 100% foreign to him. From my impression of him, his policies seem to be mainly practical in nature. Another example where he is practical, is that he accepts that a military is needed. + +Anyway. If anybody has some source where he directly addresses such issues I'd be grateful if you'd share it. If not, your own thoughts about what he would say is interesting as well. +In 1970 there was the same kind of problem (oil shortage), inflation and low grown... we went out of that recession with a 20% interest rate hike....we can't do that anymore without crashing the economy (why di this happen), so the only solution will be to turn the print on, and buying bonds (the fed buying) back again? +I always get alerts from my WSJ App about it andi have never really understood what it meant for the economy. Most articles i find have to much jargon to be easily understood. What does this big 800 point drop represent? +Hello everyone! +First time posting here. I’m currently a undergrad in Econ and I love the macro side of the field. I was wondering if you guys had any really good book recommendations? I’m really just looking for anything to expand my knowledge. +Much appreciate and thanks! +I am in the process of completing my economics disso and have come across what I believe may be a good instrumental variable. + +I am looking at the effect of the parents of a child divorcing before the child turns 16 on their income in adulthood. I feel like having the age difference between the parents at the time of birth of the child may be used as an IV. + +Is there any reason why this may not work? + +Thanks! + +Edit: + +Cheers for the help everyone! I've realised that age difference would not be a good IV in this case. I will instead talk about why it wouldn't be a good IV and maybe include the other possible IVs that have been mentioned. Unfortunately, due to the lack of data on these variables I won't actually be able to use them so it seems I won't be able to use a 2SLS model altogether. +With the recent news of Bitcoin and the like, I was wondering if the whole government could just be cut out by collective agreement. If I work for someone who gives me 1000 Paycoins a month, and there are shops in town that accept Paycoins for their stuff, I seemingly have 0 income, but also can get everything I need. + +Disregarding the trust and logistical issues, of course. There is a reason we do not live with Dogecoins. +I was buying a mountain of their cat7 cables on clearance because they were an additional 50% off of the regular clearance price, When a colossal group of kids walked by the Mall GameStop with their mom. They beg their mom to take them in, and the mom smiles and caves. + +I smile because I can see it in the eyes of the children. GameStop is going nowhere but up. +Why is it that 90-95% of traders fail? If I look up a strategy that people have already back tested, back test it myself, and then execute with proper risk management without letting ego and emotions take control of my trading and eventually tweaking it to increase my edge, then it seems pretty straight forward, am I delusional? I see people taking years and years to achieve consistency, why??? Of course the actual execution and getting results is going to be harder than just talking about it. + +Edit: Thanks for the insightful comments. +Anti-Solar bill AB 1139 was defeated today, rooftop solar stocks to rebound. The bill was introduced on Feb 18th and defeated on June 4th. In this time period, solar stocks have seen dramatic shorted, over 20% of float being short. I expect a huge jump in share price back to late Feb Early Mar highs. +Vanguard said it would offer commission-free online transactions for nearly 1,800 ETFs, up from the current 77. + +No other major brokerage does this (except Robinhood, M1Finance) + +Details here: + +[https://investornews.vanguard/coming-in-august-the-largest-commission-free-etf-lineup-offered-to-investors/](https://investornews.vanguard/coming-in-august-the-largest-commission-free-etf-lineup-offered-to-investors/) + +[https://www.prnewswire.com/news-releases/vanguard-to-further-drive-down-the-cost-of-investing-by-broadening-commission-free-etf-trades-300675259.html](https://www.prnewswire.com/news-releases/vanguard-to-further-drive-down-the-cost-of-investing-by-broadening-commission-free-etf-trades-300675259.html) + +[https://www.cnbc.com/2018/07/02/vanguard-slashing-costs-on-nearly-all-etfs-even-rival-schwab.html](https://www.cnbc.com/2018/07/02/vanguard-slashing-costs-on-nearly-all-etfs-even-rival-schwab.html) + +**Competitors** + +* Fidelity offers 93 commission free ETFs: + * [https://www.fidelity.com/trading/commissions-margin-rates](https://www.fidelity.com/trading/commissions-margin-rates) +* Schwab offers 200+ commission free ETFs: + * [https://www.schwab.com/public/schwab/investing/accounts\_products/investment/etfs/schwab\_etf\_onesource](https://www.schwab.com/public/schwab/investing/accounts_products/investment/etfs/schwab_etf_onesource) +* TDAmeritrade offers 300+ commission free ETFs: + * [https://research.tdameritrade.com/grid/public/etfs/commissionfree/commissionfree.asp](https://research.tdameritrade.com/grid/public/etfs/commissionfree/commissionfree.asp) +* Etrade offers 250+ commission free ETFs: + * [https://us.etrade.com/what-we-offer/investment-choices/etfs](https://us.etrade.com/what-we-offer/investment-choices/etfs) + +**NOTE**: *This news is good for short term traders or intermediate/advanced investors. For buy/hold and new investors this doesn't make much difference if they are investing in traditional low expense mutual funds or already free low expense ETFs.* + +**For an excellent explanation see /**u/ChekovsWorm [**comment below**](https://www.reddit.com/r/personalfinance/comments/8vl485/vanguard_starting_commission_free_etf_trading_for/e1p7560)**.** + +Edit1: to add M1Finance, vanguard website link + +Edit 2:to add the **NOTE** based on [u/dequeued](https://www.reddit.com/user/dequeued/) recommendation. See detailed discussion below. + +Edit 3:to add information about commission free ETFs of other brokerages. + +Edit 4: Added link to ELI5 post. +I am a 27 year old computer/electrical engineer, have a stable job for the last 4 years, and have been paying my student loans regularly. Recently, I took a look at my loans debt and realized my current payment plan will take pass retirement age to pay it off. In addition to that, I plan on saving up to buy my first home and future, whether be starting a family, investment, travel, etc. + +I would like advice on how to proceed now with my student loans so I can comfortably and securely save for my future. I do know I can refinance my loans, I just want to know if there are other options to look into before I make any decisions going forward. +I’m 28 years old. I have a house in the Midwest. Not married. According to personal capital, as of today, my net worth is $77k. I also have about $41k saved up which includes liquid cash, 401k, and stocks in my brokerage account. + +I’m not able to save as much right now because I own a house so most of my money goes to mortgage payments. But at least I’m gaining a lot of equity. The houses in my area has gained like almost 9%over the last year + +I make about $63,000 right now but I’d like to be making six figures over the next 2-3 years so I’m learning new skills related to data science and machine learning. +Hey there, I am a discretionary vol trader with no coding experience aspiring to become a data scientist and I'm looking for a suggested curriculum based off of your experience! My hope is to become a self-employed retail quant options trader/quant researcher. + +So far, my only coding experience has been excel (lol) and the free part of dataquest which covers up to **Lists and For Loops (I can calculate an average value from a large table in less than 10 lines of code, woohoo)**. I really like how dataquest is going and I may just purchase the full thing once it goes on sale. Right now I am struggling with finding coding content that only pertains to/specializes in finding insights/hypothesis testing/backtesting strategies - it's either unneeded information (e.g., irrelevant functions) or there's too many options (courses/books) to choose from! + +I am wondering if any options traders who are now applying data science to find positive expected value trades, manage a profitable book controlling all their greeks, and developing sound signals to trade in different market regimes (mean reverting/trending, high/low vol, long/short vol, and so on) can share a distilled recommended curriculum to go about learning coding/data science. + +Now to make it easier to get some recommendations, let's say I wanted to: + +* Test a simple moving average crossover strategy on $SPY, find it's PnL/win rate/R:R/sharpe/drawdown, compare to buy and hold $SPY +* Quantify news/twitter/reddit sentiment and find out how much it correlates with VIX +* Test whether a 30 delta short $SPY put is more optimal than a 10 delta put at various VIX levels +* Long stock vs. short puts, find when does one typically do better than the other +* Find out if mentions of wait lists/back orders/lines at retail stores for graphics cards has true predictive value on $NVDA earnings/stock price or even $BTC/USD +* Fed/OPEC/political news impact on $SPY or bond vols and whether there is any leading-lagging relationship +* Seeing the impact of missing the 10 worst days in the stock market AND the 10 best days vs. buy-hold, or missing the 10 worst days and the 5 subsequent days (selling but getting back in a little late) vs. buy-hold +* Testing if a strategy's PnL is due to luck, noise, or some other factor not under my control (statistical robustness) +* Stress-testing so I don't blow up from some unlucky string of events, finding weak points in the strategy or when the alpha has dried up (hypothesis testing) + +These are all simple enough from a trading-level (for me) that I feel like I would be able to attempt these as coding projects. + +I have seen some recommend learning datacamp/dataquest and moving on to quantopian (maybe they were referring to the lecture series) in some older posts. Anyway, **if you were a trader and learning to backtest/find statistical insight/forecast knowing what you know now, what would be the minimum content you'd recommend, and in what order?** + +Thanks! + +**edit - Wes Mickinney's Python for Data Analysis has a section at the end of the book which covers what feels like so far the minimum and most relevant lesson regarding Python code to get started.** +To the pros/more experienced traders out there - I’m curious what the most effective ways to spend your time are when the markets are closed, to become a better trader and improve your trading skills/systems. + +I understand that in a general sense ‘backtesting’ is probably the most common answer, but beyond that, what specific tests or things do you do that help increase your trading the most - particularly for traders that are new and/or not yet consistently profitable. + +Here are a few specific examples that I can think of as potential ways to spend your time, aside from a general ‘backtesting’ answer: + +* Browse forex forums for trading system ideas +* Backtest entry and exit systems on historical price data +* Read books about trading mindset & psychology +* Run monte carlo simulation on various money management algorithms +* Seek out trading mentorship/groups and review your trading progress +* Study historical price charts / price action +* Look for trades for the upcoming trading session(s) +* Learn about economics and find out what global economy/central banks are doing + +Another way to put it - what does it mean to ‘put in the work’ to become an expert trader? What are the most important elements in your experience? +ORIGINAL POST HERE: http://www.reddit.com/r/personalfinance/comments/2qu6tv/gave_my_2_weeks_notice_yesterday_employer_is/ + +There were a few people who had asked for an update on my original post (if anyone even remembers it by now...), apologies that it took so long. I was waiting on the update post until the situation was actually resolved, and that didn't happen until today... finally. + +**tl;dr - I got the bonus back, read on for details** + +Brief recap of my situation - gave notice on 12/29, got a 4k end of year bonus with my paycheck on 12/31. Employer took the full amount of the deposit out of my bank account, and wrote me a check for normal salary, as their way of taking back the bonus as they learned I would be leaving the company in January. + +What happened since: I did decide to follow through and work out my remaining two weeks. Some people advised me not to, but at the end of the day, I didn't regret it. When I left on the last Friday, my boss gave me props for the way I handled things and promised a glowing reference if I ever need one in the future. I figure that's probably a pretty good thing to have, as that place was my first job out of college. I'm sour at the company but glad I still have the important bridges intact with my boss/co-workers. + +A big help to me was [the excellent reply](http://www.reddit.com/r/legaladvice/comments/2qx15p/crosspost_rpersonalfinance_va_gave_my_2_weeks/cnaokhx?context=3) I got from /u/proselitigator on /r/legaladvice, which talked about the rules for Direct Deposit transfers and in what cases they are reversible. The company had reversed the transaction as if it was an error, but the original deposit was clearly not an error based on everything they had told me. + +So I called around a bit, and as it turns out, one of my family members knows someone that happens to be an attorney in VA. This generous fellow offered to write a letter on my behalf to the company, protesting the removal of money from my account. That was delivered on the morning of my last day at work. So that afternoon I had a nice sitdown with my boss and the CEO, and we all discussed our feelings. I expressed my disappointment with the company's actions (shoutout to /u/carsgobeepbeep for [this excellent summary](http://www.reddit.com/r/personalfinance/comments/2qu6tv/gave_my_2_weeks_notice_yesterday_employer_is/cn9pc9i) on the OP - I used these points almost verbatim). The CEO said a lot of things about how they viewed a bonus as half-reward, half-incentive, and therefore they were willing to offer me half. I expressed that I didn't feel that them changing their minds gave them the right to take the money out of my account, but they stood pretty firm on half and said to call them when I made up my mind. + +For a myriad of reasons, I wasn't really inclined to take the offer of half. Mostly because the company kept dodging the matter of how and why they removed money directly from my bank account. So the past month has been a on-going exchange of emails between my lawyer and the company's on-staff counsel trying to get them to answer on that subject. Finally, they caved and sent a check for the full amount (sans taxes, etc) to my lawyer's office. I'll be picking it up tomorrow. + +If anyone is curious as to what we would have done if they hadn't agreed to return the full amount: Small claims court would have been the way to go, according to the lawyer. Don't know what the chances of success would have been, glad I don't have to find out. + +Huge thanks to everyone that commented on the OP. A lot of people keyed into the fact that I'm young and new in the workforce, and I really appreciated people taking the time to help a newbie out. I've definitely made some naive moves so far in my career - giving notice right before the end of the year, thinking that a company cares about me, etc., but live and learn I guess. + +Now I guess I'd better be off to the wiki for a little dose of "I have $X, what should I do with it?" +**Update Tuesday, 11:15am EST:** ATOS is now listed on Fintel's most likely to short squeeze list. + +&#x200B; + +[Short squeeze + gamma squeeze = goodness](https://preview.redd.it/5aeiiaffyza71.png?width=2532&format=png&auto=webp&s=2a4dd005f92372ef0b405bcf16b99d8abcad4b17) + +&#x200B; + +Gamma squeeze melt up within the next 8 days. + +**Very bullish moving into next week**: 1) July 16 Opex and the 271,000 net call OI (which needs to be hedged via MM buying shares), 2) new all time high short interest at 29mil shares (at least 23% of float), 3) new trial of their Covid-19 drugs. + +**July OPEX** + +Repeat: **271,000 NET CALL OI**. This is a lot of hedging in the next 8 days. As the MM completes hedging of the ITM calls (of which there are 141,537 ITM currently), you will see a huge positive impact on price. + +How does this work? As we move closer to expiry, the ITM calls move closer and closer to 1.0 delta (corresponding to the MM buying 100 shares for every ITM option) at an exponential rate. + +&#x200B; + +[delta and time](https://preview.redd.it/omtd0bxos0a71.png?width=788&format=png&auto=webp&s=763f4f1851a5afb32483775486537155e9cc04d2) + +**Short Interest** + +It's absurd the amount of shorts opened **(29mil / 23% of float)** and how little it impacted the price. The amount of shorts opened in the last 5 days was **ridiculous** (in gray bars below). They attempted to drop the price enough to dehedge the July call OI, but didn't suceed. Shorts are now at all time highs (red line below). + +Again, the short activity the last 5 days made a negligible difference. This is very bullish moving into next week. We should see the MM working on the bulls side, buying more and more shares until Friday, July 16. + +**Shorts will begin covering**, putting more calls ITM (33,500 6c for example), corresponding to more hedging (+3.350mil shares purchased). This prompts more shorts to cover, putting more calls ITM (59,740 7.5c, corresponding to 5.974mil shares purchased). + +&#x200B; + +[red = shorts. gray = short volume. yellow = FTD.](https://preview.redd.it/cimq8utqs0a71.png?width=2434&format=png&auto=webp&s=96c7e7f31f7af3d322ef958e24852b9e2c7701e2) + +Repeat ad nauseam. + +**Covid Therapeutic Trial** + +[Atossa just released this news](https://finance.yahoo.com/news/atossa-therapeutics-receives-regulatory-approval-133000327.html) that they received regulatory approval to commence a joint phase 1/2 trial in Australia for their new covid-19 drug. Solid, sounds good, add some fire to the mix. + +**New Weekly Options** + +We just got new weekly options. The overwhelming call buying should aide the move up on July opex. + +Cheers. + +**side note**: I expect shorts to be aware of all of this and to pull out all the stops trying to get people to stop buying / sell their shares before the max hedging takes place. Comical, really. +I may be jumping the gun but I’ve been pretty much sitting in the sidelines since the stock market went into fools’ territory near the end of 2020. I’ve been licking my chops watching the carnage build and have started DCAing a chunk of cash into VTSAX each month. But I wonder if that’s wise given we may only be in early innings. Some smart investors I know and/or follow are still holding fire until there is much more blood in the streets. + +I am waiting on any individual stock buys until I can find some deep value. But markets generally price information much faster these days and it probably helps to be DCAing. + +Curious how my fellow Fats are looking at the road ahead? +A mutual fund is essentially just a basket of individual stocks/bonds/whatever. Within that basket the fund managers are constantly selling/buying and receiving dividends. The IRS has special rules for mutual funds which allow them to not pay taxes on the capital gains/dividends generated provided they pass through almost all of the proceeds from said activities to the shareholder within the calendar year. So dividends are often paid on some set schedule but capital gains are generally retained within the fund till the end of the year(because losses can reduce gains but can't be distributed to a shareholder). + +So on to why your fund dropped: in mid December everyone starts distributing these gains and as we know when a fund makes a distribution its NAV drops by an equal amount. For example a fund that was trading at $10 and had It's value made up of $9 worth of stock and $1 worth of cash to be distributed now no longer has that $1. So it'll drop by 10% because of that fact. Don't worry, you didn't lose any money because the $1 was paid to you in cash(and in most cases reinvested in the form of buying more shares). + +There isn't any value created or lost in a distribution(except to taxes) it's just a necessary taxable transaction that must occur because of how mutual funds are structured. ETFs are technically subject to this as well but since most follow passive cap weighted strategies or use the creation/redemption to wash out appreciated shares so they don't usually have capital gains realized to distribute. + +Also please feel free to add whatever questions/comments you have to this sticky. + +Here's a quick way to see what capital gains estimates/distribution dates are for most funds: +https://mutualfundobserver.com/discuss/discussion/58688/2021-capital-gains-distribution-estimates-mutual-funds-and-etfs +Ctrl + f your fund family. Chances are it's on one of these two pages. If not, google search "______ funds capital gains distributions 2021" + +Please note we'll probably be deleting any threads on the subject and pointing people here in order to keep the clutter down. +Guten Tag to this global band of Apes! 👋🦍 + +Naturally, the week that I am traveling and unable to follow along closely is among the wildest weeks in recent history. +Without a doubt, the big news is that Ryan Cohen sold *ALL* of his BBBY holdings, fully exiting the positions he established in March. +He sold earlier this week, when BBBY was showing signs of a short squeeze and exploding upward. +I don't know if anyone has done the calculations, but he must have made an incredible amount of money. +Meanwhile, if the DD is correct about the SHFs using swaps to go long on BBBY, they will have lost huge amounts on the other side of his sale. +All of this spectacle is exciting to watch, but I have no doubt that many among this community lost a lot of unrealized gains in the ride. + +Many of us have come to trust Ryan Cohen as the Chairman of GameStop, based on the way that he takes active measures to develop the company's future. +His large investment in BBBY, while clearly instigated by the predatory short positions against the company, made many believe he would work to turn that company around. +He has clearly made some impact along the way, but his divestment was unexpected considering the comparatively small impact he had. +It seems that there must have been a different goal, perhaps from the start, or perhaps conceived more recently. + +There is a reason that I invest in GME. + +I believe that Ryan Cohen's actions surrounding BBBY are, in fact, what is best for GME. +When the SHFs saw that Ryan Cohen was preparing to squeeze them on another front, they took a defensive stance and went net long on BBBY. +They never closed their own short positions, but instead used swaps to 'weather the storm' they saw brewing. +Ryan's significant options play gave them a date to cover through, making this a strategy to defend against BBBY forcing margin calls that triggered the MOASS. + +When GME started breaking through their margin levels, we saw the immediate response leveled against GME, but that is also when BBBY started to climb. +As BBBY ran, the shill narrative quickly switched to encourage FOMO out of GME into BBBY. +In hindsight, this seems very much like an intentional strategy for the SHFs: get Apes out of GME and into BBBY, and take the gains from the boost to BBBY. +Ryan's sale absolutely deestroys such a strategy. +While I can dream about a scenario where he plows the gains into GME, I don't think that it is even necessary. + +Apes didn't sell GME. +The SHFs are unlikely to be able to engineer a new pump of BBBY to restore their lost margin. +I am eager to see if the after-hours drops persist into trading, because I believe they are simply chaff... +Will we get clues from the German Markets? + +Today is Friday, August 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: **$35.57 / 34,95 €** *(volume: 28349)* +- 🟥 115 minutes in: $35.80 / 35,18 € *(volume: 26106)* +- 🟩 110 minutes in: $35.91 / 35,28 € *(volume: 25654)* +- 🟩 105 minutes in: $35.88 / 35,25 € *(volume: 24464)* +- 🟥 100 minutes in: $35.85 / 35,22 € *(volume: 24383)* +- 🟩 95 minutes in: $35.92 / 35,29 € *(volume: 23965)* +- 🟥 90 minutes in: $35.91 / 35,29 € *(volume: 23553)* +- 🟩 85 minutes in: $35.95 / 35,32 € *(volume: 22494)* +- 🟥 80 minutes in: $35.89 / 35,26 € *(volume: 22349)* +- 🟩 75 minutes in: $35.95 / 35,32 € *(volume: 21812)* +- 🟥 70 minutes in: $35.90 / 35,27 € *(volume: 21489)* +- ⬜ 65 minutes in: $36.21 / 35,58 € *(volume: 20990)* +- ⬜ 60 minutes in: $36.21 / 35,58 € *(volume: 20762)* +- 🟩 55 minutes in: $36.21 / 35,58 € *(volume: 19660)* +- 🟩 50 minutes in: $36.16 / 35,53 € *(volume: 19534)* +- 🟥 45 minutes in: $36.06 / 35,42 € *(volume: 18209)* +- 🟥 40 minutes in: $36.27 / 35,64 € *(volume: 17951)* +- 🟥 35 minutes in: $36.75 / 36,11 € *(volume: 17289)* +- 🟩 30 minutes in: $36.90 / 36,26 € *(volume: 16280)* +- 🟩 25 minutes in: $36.10 / 35,46 € *(volume: 15328)* +- 🟩 20 minutes in: $35.56 / 34,94 € *(volume: 14019)* +- 🟥 15 minutes in: $34.85 / 34,24 € *(volume: 11960)* +- 🟩 10 minutes in: $35.47 / 34,85 € *(volume: 8898)* +- 🟩 5 minutes in: $35.24 / 34,62 € *(volume: 7179)* +- 🟥 0 minutes in: $35.09 / 34,48 € *(volume: 4507)* +- 🟥 US close price: $37.93 / 37,27 € *($35.10 / 34,49 € 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 1.0178. 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! +Many of us have gunpowder (cash, bonds) that can be deployed into the market. The question is -- when do you buy equity? + +Here are a few strategies + +1. Dollar cost average +2. Asset-allocation based -- e.g. hold 80% and buy according to that +3. Use some $$ to buy rung of put options at 2, 4, 6 weeks -- if market continues to tank -- puts give out cash, else you loose the premium but you know when to invest + +What are other strategies to fish out the bottom? + +Relatedly -- how do you make income if there is stagnation at the bottom? Do you sell calls? +I just need to talk to someone. I can’t afford $100 an hour therapy sessions. I am having an emotional breakdown and just can’t stop crying. Whom do you talk to if you have no family and friends? +I never really was aware of this community until a few weeks ago. + +I am not a very unique FIRE candidate . . . M48, closing in on 4M NW, family one child, MCOL-HCOL location, hoping to FIRE soon with 120k pa. + +A week ago I struggled with a lot of questions - which quickly appeared to be quite typical. + +\- When should I make the leap? grind out 1 more year to boost and protect the nest egg? + +\- What is a realistic withdrawal rate these days? 3%? Less? + +\- Can I change my mental approach to the next few months / years of working or is that just lying to myself and postponing the biggest present I can give to myself - freedom? + +\- What will happen when I DO take the plunge? What to expect from the first months (for me and my family)? + +This community has really helped med see my options in new ways - as well as given me technical insights and understand the different financial-personal life-paths that are available to us and how they are intertwined. + +I wont mention all the insights and decision You guys helped form but they include: + +* Going into very focused planning-mode next 12 months rather than just "taking the leap tomorrow" or "grind out another year and see what happens" +* Obviously activating my way too large large cash position more in low cost ETF /index funds - but in a hold and leave strategy. Increase my investment knowledge but without day-trading or investigating individual shares. +* Be more conservative in my expected return and change my withdrawal rate to 2,75% even if it means moving the goal posts 12 months and being a little more frugal on post FIRE budgets - incl stress-testing them in real life over the next year +* Find 2 completely independent financial advisors +* Invite my wife to be part of the journey but be prepared that most of my friends will probably not be the best sparring partners on these issues - simply because talking about this stuff brings up all kinds of personal emotions, projections and biases in people +* Investigate and try out a couple of the most efficient frugality hacks of our leanFIRE colleagues and enjoying the math in calculating how each month adds to the "freedom-machine" which is my nest -egg BUT still let myself splurge when it is important. Spoiling my self and others and remembering to be grateful for the relationships and options in my life. +* And most importantly - enjoying the choices and the journey regardless of the exact numbers. + +So I am truly grateful to the active posters and commenters in this community for taking the time to comment and share insights, strategies, goals, pains, doubts and victories... + +thanks guys - I am ready for strategizing, planning and getting my feet wet the next months - and specifically for my meetings with banks next week. Input from this forum made me ready in a way I just couldn't have been with the help of my accountant, wife, friends and financial advisors, each affected by their own bias and self-interest and without the experience-based cross-over points between strategy-choices-life-emotions that You guys have offered. + +THANK YOU .... and good luck on the journey for everybody here... fatcats, midwesteners, high net worth Bay Area Tech guys in their early 30s, people struggling with the grind or with loneliness, aspiring real estate moguls and everybody trying to work out goals, purpose, habits, freedom and just being in control of our own lives. +Although their interface is a bit less intuitive, the customer service has been fantastic. Bonus: They're the only place that has let me set a Limit Order for 1 share at $2,000,000 for 30 days. + +For those reason's I'm going to give them a follow on Twitter. [https://twitter.com/Computershare](https://twitter.com/Computershare) + +https://preview.redd.it/jyvxlrd8ehp71.png?width=520&format=png&auto=webp&s=08ffce802bd72769ee627b31645909d78a623124 +A top post is just pure 'trust me bro' hopium hypenomics at work with a a title to entice. Here's a fact for you all, viewership of the superbowl has been consistently going down for more than a decade since 2010. So less people are watching the game in general. About half of those people are just there for the ads and a majority of them are gonna be sharing the ads on Facebook, a social media platform that didn't grow last period and has an aging userbase to boot. So less people and mostly older that aren't gonna take financial risk are watching. I doubt Auntie BJ is gonna invest in crypto because Tom Brady told them about FTX. I can see my brother who uses facebook and has no teeth left seeing the ad and wanting to FOMO in. So that's the audience they're mainly getting. + +It's also just Americans. No one in Europe is gonna be watching the game and or gives a shit about Tom Brady. No one in Brazil is gonna be watching. Americans are not the only people invested in crypto, most South Koreans have no idea how American football works or again, gives a shit about ads that they wouldn't understand without subtitles and who is gonna be writing subtitles for ads for an American sporting event outside of Spanish and English? + +Lastly, why would the news care about a crypto ad? Do you expect an interview with Tom Brady breaking it down his involvement and a full history on the past year of crypto? I'll bet they will talk about how much is spent on the ads this year and how much FTX grew and paid Tom Brady and then move on with their day. + +This idea that a single ad during an American sporting event is gonna put us into a bull run is just silly. This is Saturday Night Live or Doge day again. There's no reason to think prices will go up except for hope. But they wanna cover their tracks and say it'll affect the prices in future. Okay, I drank coffee this morning and so the prices will go back up 'someday', that's my prediction based on nothing substantial. + +Edit: Yes, I know Tom Brady is retiring. He's gonna be in an FTX ad and he already did one last September. If the reference didn't click with you then it shows how forgettable and weak crypto ads are when they need to prop themselves up by celebrity endorsements to even be worth mentioning. + + +So, as the title says. I have ( had. Denied application may have lowered it.) a credit score in the 730s. Applied for a better card. (With rewards!) Credit Karma recommended. With some research nerd wallet gave it a good review. So, I went for it. Denied. + +Where should I go from here? I think it may be my income that held me back from getting approved for the card. As the rest of my credit is squeaky clean. Any advice on what cards I should be applying for? I believe raising my credit limit, having more than a single line of credit to expand my credit history etc. would really help my score and future car/mortgage prospects. +We put out 11 financial data vendors in the market. With so many vendors on the market today, many good options get lost in the noise... I hope that this list helps for your trading! + +https://blog.alpaca.markets/blog/2018/7/24/data-data-data-11-great-financial-datavendors +I'm trying to stream **and** get historical data for 1-second intervals. Are there any API's for this, the only source I've found so far is tradeview, but it doesn't seem to have any historical data? I'm only using this for $SPY +SPY? I like QQQ but I fear a market downturn in the near future (I know, time in market beats etc etc). I would sleep better owning 100 shares of something not as volatile and that also generates decent covered call income. +&#x200B; + +>Not long after the *Times* interviewed Hawking it interviewed Gary Kremen, who founded Match.com. At the time Kremen was 43 years old and worth $10 million. That put him in the top half of 1% in the country, and probably the top 1,000th of 1% in the world. In Silicon Valley, it made him just another guy. “You’re nobody here at $10 million,” he said. The *Times* wrote: “He logs 60- to 80-hour workweeks because he does not think he has nearly enough money to ease up.” +> +> +> +>The point here isn’t to say Hawking has the clarity of a monk or that Kremen was out of touch. Just that all happiness has its roots in expectations. + +[https://www.collaborativefund.com/blog/goalpost/](https://www.collaborativefund.com/blog/goalpost/) + +I just finished reading this blog post by Morgan Housel. It's a great article but the section I quoted above felt particularly insightful. + +It's easy to see so many posts here or on r/fatFIRE about people with millions of dollars and to think "you're nobody" as Kremen said above. I'm posting this to remind myself and help others remind themselves how lucky we are to be on this journey to FI and to get there some day. +After bitfinex personally deleted all my posts on their page within 2 minutes I will try it here! +It's been more than half a year with headaches before I now decided to go public. +Bitfinex has frozen my account after a withdrawal request of about 2.1 BTC in February. By my standards that is a huge amount of money. Money I would have never dreamed of when starting with crypto to be honest. Back in the days (my account is multiple years old now) I used to trade crypto to crypto only. I have never encountered any problems concerning deposits and withdrawals at bitfinex back then. I probably wasn't anyone special to them because I was only juggling around a couple of thousand dollars a year (depending on the crypto prices). + +Anyways, as we all know crypto prices rose immensely in the beginning of this year. That was when I decided to withdraw my coins. Upon request they claimed to have frozen the account because of an automated KYC procedure. As much as I understand it, you would only need to verify if you started trading fiat currencies. I did not do that. However, I thought it might just be some security feature to protect me as the account owner. After all, this wasn't "peanuts" anymore and because it was (and is) so much money for me I happily agreed to verify. + +Since then I ran through an odysse of providing documents and declarations of all kinds. Some of them were super private. +They wanted me to proof my identity, which I did. The standard procedure with passport and proof of address. + +After that they wanted a proof, where I got the very first coins from that I deposited many years ago. Those coins they never cared about for so many years while letting me do many deposits and withdrawals in the meantime. +Since I originally bought those bitcoins 6 years ago together with my old roommate that was quite a task. We found the transaction and sent them all necessary files and transaction data. + +But not enough. I now had to proof that he was actually my roommate, which was quite difficult too because we don't live together anymore. Because of data protection regulations the landlord from back then needed a signed request from both of us in order to hand out the proof to me. (It's no joke, GDPR is taken serious in Germany.) +To clarify: I verified myself and my old room mate. I did not forge any documents and I did not lie anywhere throughout the process. + +I finally send them the proof from the landlord. +Not enough again. I now had to proof that I went to school with that roommate. So both of us had to send them our school certificates also. +Not enough again. They suddenly started asking me about other withdrawals from 3 years ago. I proofed that I sold the crypto for cash and transferred the cash to my bank account a week later. + +After that, they told me to wait again. That was almost 2 weeks ago. No reply. + +I'm just so tired of this. Just angry, exhausted and worried. By now, they probably know more about me than most of my friends and family. Financially and in general. Plus they have copies of my entire identity from A to Z. At the beginning I thought it's really just a way to prevent my account from getting robbed but after all I'm just worried about their real intentions. + +To bitfinex: +Please give me back my account and stop this shady practice. + +To the community: +What else can I do? + +UPDATE 1: Their support contacted me and is willing to unlock my Account if I upload yet another selfie in high quality. Instantly did it and they told my I will get full access within the next ours. I am hoping so much that all this really might be over soon. +Thank you for your support peeps. + +2 UPDATE: After all i got back the full authorization to withdraw my coins. You can't imagine the stress relief after 9 month. Immediately transferred all crypto to my ledger wallet. Thanks to bitfinex to finally solve the case. I think it's an remarkable coincidence, that I got my account back a few hours after i went public. +You really shouldn't do that to your customers. I will draw my consequences from it and never come back. +Massive thanks to the community, guess I owe it to you! That's the power of Internet! 😇🙏🏼 + +They also deleted the repost from their subreddit again. No bad blood but in my opinion those guys are legit criminals! Better stay away from Bitfinex. +I know many people who have the same unsolved struggles with them. My luck was that this got posted on the bitcoin subreddit so they had to to something. +A little background. I'm 29 years old, and make 70k on paper. Up until this past October I was paid 40 hours pay check and cash after 40 hours. With that system I made more money, but didn't help when applying for mortgages. My boss put me on salary so I could get a mortgage. Im now pre approved for 375k. + +Right now I currently owe one 17k loan and one 19k loan from college. It's getting harder and harder every day to try and buy a house with my approval, rates are increasing rapidly, and with a single income houses in my price range on Cape Cod are hard to find. + +Im debating making a 17k payment, basically my potential down payment, on the 17k loan that has a 10% interest rate. + +I have stopped my ira contributions recently trying to save as much cash as I can for the potential of a house popping up but am tempted to just get rid of that loan. + +My thought is to pay the loan off, save all summer again, should be able to stack about 20k, and look for a house this fall, or suck it up and look for something to rent. Getting harder and harder to live with my parents at this age too. + +In summary, is it a good idea to put 17k at a loan or continue saving and hope the housing market gets better? + + +Thanks for all the advice, seems there is a general consensus that buying right now isn't the right idea. Need to focus more on that big loan and hope the market turns around. +Good morning everyone, happy Tuesday. + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Main Watchlist** + +* Gapping UP: MARA, TKAT, ACY, SJ, PSAC, GBOX +* Gapping DOWN: NNOX, VIAC, VIPS, QS, TLRY + +**Momentum Watchlist** + +1. RMO (+12%): Up on news of long-term supply agreement with Paccar (PCAR) to supply battery packs. Seeing strong volume and price action in premarket, and I'll be watching to see if the momentum continues. Possible premarket support around the 8.50 level. +2. PHUN (+26%): Up after board authorized Bitcoin purchases for blockchain ecosystem launch. Seeing good volume and price action in premarket, with a premarket high of 2.14. +3. MUDS (+8%): Up on rumors of taking The Topps Company public. Seeing nice price action on good volume in the premarket, with potential support around the 10.20-10.25 level. +4. ARDX (+7%): Couldn't find a catalyst. Seeing decent price action in premarket, I'll want to see volume pick up a bit more. +5. EEIQ (+14%): Couldn't find a catalyst, recent IPO. Seeing some weakness at the moment, I'll want to see it get back to the \~10.50 level before I consider trading it. + +**Market Outlook** + +Stocks are looking to opening a bit lower this morning, after the strong day we saw yesterday. Not many stocks gapping up or down significantly, so I may wait a bit before entering any trades. Nothing wrong with being patient and running scanners throughout the morning. SPY is trading just under 406, and we could see some indecision today after the strong day we had yesterday. Bitcoin is currently trading at around 58,800, and could see a push towards ATH sometime this week. I'll be watching how the price behaves around the 60k resistance area, if/when it gets there. Bitcoin-related stocks are up a bit, and I'll be watching them throughout the day. Tech stocks are holding up fairly well, and it will be worth keeping an eye on them this week. Gold, silver, and crude oil are all up at the moment. Credit Suisse announced that the Archegos Capital implosion will cost them around $4.7 billion dollars, and that they changed up executive leadership following the debacle. I'm still interested to see if this will set a new precedent for relations/policies between banks and hedge funds. + +If you had a great day of trading yesterday, take a step back and make sure not to chase that high today. Stay disciplined. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +Over the last 3 months there were endless discussion and a analysis suggesting that the tesla bubble was going to pop anytime now. It appears that tesla is going to be permanently viewed as a ~600B company at minimum going forward. + +For those who are familar with Gary Black. He provides nuanced projections for testla and his price target is around ~$840. + +**Key Analysts** + +1/ $8T Active Mgr buying (now) + +2/ MIC Y launch (now) + +3/ Street ups FY’21 Est/PTs (1/4) + +4/ CyTrck update (1/15) + +5/ FSD MRR launch (1/15) + +6/ Biden inaugural/EV credit (1/20) + +7/ 4Q EPS $1.06 v $0.93 (1/27) + +8/ FY’21 Deliv 840K v 777K (1/27) + +For bulls and bears, what are your thoughts on the stock. +https://github.com/tronprotocol/java-tron/issues/25 + + +TRON already got caught with Plagiarised White Paper now they get caught again with copy pasting codes, doesn't credit anyone, and tries to hide it, gets caught hiding it..... then apologizes? +What would be the advice you'd give someone in this position? + +I'm currently in a pretty temporary living situation, and am looking to buy a house by myself in the next 3-12 months. + +Ideally I'd love to be completed and moved in somewhere by the start of summer 23. + +I currently have a deposit sitting in a monzo savings pot gaining some interest, but with the news on the budget as it was. I'm concerned about my ongoing affordability given the wage erosion from the weakening pound and inflation. + +My strategy at the moment is +- Continue saving into SS ISA/SIPP as normal +- Build a larger emergency fund, just in case +- Start looking at houses around Xmas/new year time and look to buy ASAP, somewhere ideally chain free +- Go for a 5 year fix mortgage as and when I find a house +- Buy something smaller and less extravagant than maybe what I would have truly wanted. But given the cost of living/energy/likely interest rises. Probably wise. + +Is there anything else specifically you would do, or importantly, not do in order to protect the savings I have and put my best foot forward onto the property ladder? + +Thanks all +I’ve had a fidelity account for about a month, and only use it to invest in the Fidelity 500 Index Fund. I recently noticed that there are multiple types of accounts covering many uses (IRAs, Investing/Trading, Credit). + +Im wondering if anyone has opinions regarding whether or not I could solely use Fidelity for all my investing accounts, rather than utilizing other B&M or online services. I like the idea of having them all on one service, I’m just unsure if it is a good idea. +15 year finance industry veteran, 2x finance degrees... I’m buying heavily right now. Currently at 1.2 beta, moving to 1.5 over coming weeks. + +The stock market precedes the economy; the current decline in stock indices is preceding the expected decline in economic growth (GDP). Since the stock market and the economy are slightly out of phase, it’s not uncommon for the stock market to begin rebounding as the economic data worsens. + +The reason I’m posting this is, if you see that the market is down 30% now, it’s easy to think “wow it’s really going to go down in 2,3,4, etc months when this hits unemployment, GDP slows down, etc” but the reality is the market is reflecting that future data now, so it may be strongly rebounding just as economic data is at its worst. + +Great example is 2009, the US economy was in shambles but the S&P finished the year up 26%. Yes it had a lot of room to run (-37% in 2008). 1987, a rapid market collapse similar to 2020, finished the year positive 5.25%. + +Stay strong my brothers and sisters. + +“At the bottom, stocks will be cheap and no one will care." -Bob Farrell + +edit: new tweet 3/19 + +@walterdeemer + +1/ In my experience, support levels and downside price objectives don’t work well in a decline like this; the market is likely to reverse out of the blue at a now-unknowable level. + +2/ The news will still be bleak when it does, and will remain bleak throughout the bottoming process and during the early stages of the next bull market. #WallOfWorry +In the last 30 days, there are 8 crocs related search terms that are "Breakouts" in google trends. This means growth in those terms of ***over*** 5000%. These include \['*chai and pink marble crocs', 'brown marble crocs', 'womens marble crocs', 'bone crocs*'\] to name a few. + +This is 5000%+ in growth for people using search terms for *specific colours*... they already know the croc that they want. + +If you look at the website traffic for the same time period, crocs.com has 8.8m visits with an average duration of 04:03 mins. To put this in context, Nike.com has 125.4m visits with an average duration of 03:56 minutes. Despite Nike's vastly larger product lines, people are spending longer on the crocs website. And for some cherry... Nike.com has 3% higher bounce rates. + +That, coupled with the quantity of products currently sold out on [crocs.com](https://crocs.com/) (direct sales at retail prices), the growth in Heydudes, and the continued decline in the price of oil, makes me think Q3 earnings could be stronger than expected. They currently trade with a P/E ratio of 8.9 whereas the industry average is around 18. CROX is very well positioned for growth. + +To briefly touch on Heydudes, the work that management has done since acquiring the brand is truly a testament to the quality of their team. In the last 90 days "*HEYDUDE Shoes*" has become a breakout search term on google, and in the last 30 days "*cow print hey dudes*" is also a breakout. In the Q2 ER Heydudes posted a ***96% increase in revenue*** to $232m ***for the quarter***. Crocs, inc. are no longer solely dependent on the classic clog, something which has put off investors since they listed. + +Heydudes before: + +[https://www.heydudeshoes.co.uk](https://www.heydudeshoes.co.uk/?gclid=CjwKCAjwo_KXBhAaEiwA2RZ8hCFF7EygNxVm7C0dJ4Qh0EsqOj8WoujhkaFZrrPRrF7HadUZY_o2zRoCObkQAvD_BwE) + +Heydudes after: + +[https://www.heydudeshoesusa.com/](https://www.heydudeshoesusa.com/) + +As a final aside, I've recently had a custom Jibbit made on ETSY with the NASDAQ logo on it, and thought to ask the seller about sales. Their reply - "about 600 in the last week", at £7 each! + +FD I'm also in on $ETSY. + +(Options day is today so the $CROX sp has been volatile) + +Links below... > +[https://trends.google.com/trends/explore?date=today%201-m&geo=GB&q=crocs](https://trends.google.com/trends/explore?date=today%201-m&geo=GB&q=crocs) +[https://www.similarweb.com/website/crocs.com/#overview](https://www.similarweb.com/website/crocs.com/#overview) +The stated goal of this post (and comment section) is to explore various ways of valuing companies. Perhaps, even, to look into areas of other's techniques which you haven't thought of or dismissed a long time ago, but has since become a valid method for security analysis. + +We have all had diverse educations in the field (college, company or self-learned) and over time have collated our own, separate identities per se in how we value a company. + +So take a minute, collate your thoughts, and provide a brief summary, maybe 5-10 dot points on metrics you use and methods for finding and determining what you are going to invest in. + +&#x200B; + +For Example, famed Big-Short fund operator (now private investor), Michael Burry, described his value-oriented strategy in the following manner: + +Normally: + +1. Cares little about market direction or sentiment +2. Finds out-of-favor industries on fertile grounds at discount prices +3. Screens through stocks looking at EV/EBITDA ratio, acceptable ratio varies across industries +4. Then delves into true free cash flow, taking into account off-balance sheet items +5. Steers away from P/E & ROE, instead preferring minimal debt + +Rare Birds: + +1. Does occasionally throw money into 'rare birds' or asset plays if trading at 2/3 net value +2. Any company favored by Berkshire if trading for good value (Mr. Market offers good price) + +Overall: + +1. Holds 15-30 stocks, neglects long-term tax benefits (turnover too high) + +&#x200B; + +An extraordinarily simple strategy, really. Executed perfectly, however, it does, and likely will, provide results well into the future. Simply moving money from r/wallstreetbets pockets into your own. + +So post your own strategy (simple or complex), and take the time to analyse other's ideas as well to determine whether you should apply similar ideas, you never know. +If you wanna read this post with graphs, here is substack link : [https://open.substack.com/pub/lunchinvesting/p/british-american-tobacco-bti-and?r=1pyvga&utm\_campaign=post&utm\_medium=web](https://open.substack.com/pub/lunchinvesting/p/british-american-tobacco-bti-and?r=1pyvga&utm_campaign=post&utm_medium=web) + +And here is the video format : [https://youtu.be/KQBItwvXB-A](https://youtu.be/KQBItwvXB-A) + + British American Tobacco is a British tobacco firm founded in 1902 that provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products. + + For the entire year 2022, the firm anticipates growth in the 2-4% area, and it hopes to lower its adjusted net debt / adjusted net EBITDA to a range of 2-3x. Additionally, the long-term payout ratio is predicted to be in the area of 65%, which is favorable for a cigarette company with limited growth paths in my opinion. + + The company in the past 5 years grew 2.73% per annum and the analysts are expecting that growth to jump to 11.8% in the next 5 years but keep in mind that I took this data from Yahoo Finance and it shows only 2 analysts covering the company in October.  + + The company’s growth path is going through its new product categories. Their revenue from new categories vs 2021 on constant currency is up 45% but it still makes up just under 10% of their total revenue.  + +Looking at the valuations, BTI’s forward P/E is just 8.34 and the company offers almost an 8% dividend yield. + +It is clear why the valuations are so low, $BTI is a sin stock. Governments can impose higher taxes on tobacco products, outlaw or restrict their sale, and do a variety of other things to reduce BTI's sales. But on the other side BTI can pay huge dividends while you wait for the stock to be revalued. + + In fact, according to projections for the following year, BTI's payout ratio is only 61.89% and since 2018, there has been a decline in their debt (from 58.82B$ to 49.04B$). Therefore, I'd conclude that the management is doing a good job of giving the shareholders their part of the company's cash flow. + +Even while BTI's total cigarette sales, which incidentally include Ukraine and Russia, decreased by 4%, their new categories (like vapour) are up 45%, and their overall revenue at constant rates is up 3.7%. + +The number of shares outstanding for BTI was 2,153B in 2009; it fell to 1,863 in 2015; it is currently back up to 2,297. So the company reversed it’s buybacks made between 2009-2015. + +And now let’s look at Philip Morris.. + + Philip Morris  operates as a tobacco company just like British American Tobacco. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products that are sold in markets outside the United States.  It sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands. Philip Morris International was incorporated in 1987 and unlike BTI which is a British company, Philip Morris is american. + +Their Marlboro brand has the biggest share in the tobacco market with almost twice the size of 2nd place. + + $PM has growing volumes, market share and net revenues in combustibles which as you remember the real growth is coming from the new categories but Philip Morris still managing to grow in combustibles is impressive.  + + And looking at their results in the first half of 2022 their earnings per share is up almost 10%. + +Looking at the analysts expectations, with 18 analysts covering it unlike BTI’s 2, the expected growth in the next 5 years is 2.88% per annum in Yahoo Finance.  + + The company offers close to 6% in annual dividends which lags BTI’s number that is close to 8%.  + +In the last 5 years the company paid 36B$ in dividends. Their market cap is currently 135B so they paid little more than a quarter of their market cap in dividends in the last 5 years. + +Their dividends went from 1.84$ in 2008 to 5$ in 2021. + + Their total returns are 256% since 2008 whereas S&P 500 is up 300% but in the first half of 2022 Philip Morris is down only 1.2% whereas S&P 500 is down 16.7%. + +Looking at their dividend growth, their revenue grew 171% since 2008 and that’s better than the companies like PepsiCo, Johnson and Johnson, Colgate-Palmolive, Procter & Gamble, Coca-Cola, Nestle etc. also looking at their balance sheet I think that's where Philip Morris really shine. + +Net Debt to Adj. EBITDA is under 2 (It's enough to be under 3 for me). I’d say Philip Morris is shareholder friendly with financial downside being extremely protected.  + + Looking at their forward PE ratio it stands at 14 and as you remember BTI’s forward PE is at 8 but looking at the *price to net income available to common shareholders (you and me)* PM is at 15.94 and BTI is at 16.52 so PM is actually cheaper in my opinion.  + +Their Heated Tobacco Units category grew 20% YoY and they managed to grow their Cigarette sales by 2.8% (or 2% In Market Sales) YoY. + +Their Heat not Burn category growth in the European Union went from 5.4B units in Q12021 to 8.0B in Q22022. It shows that they have a growth path in developed parts of the world as well in my opinion. + +And Their heat not burn user base starting from 2021 to 1st half 2022 period grew by 26%. + +[https://imgur.com/a/ph3ucrh](https://imgur.com/a/ph3ucrh) + +This graph shows where Philip Morris’s revenue comes from , I would say it is nicely distributed with European Union and Middle East & Africa regions leading the way. + +&#x200B; + +Finally we have Philip Morris’s Return On Capital Employed numbers (2012 : 67.5% , 2013 : 66.2% , 2014 : 59.4% , 2015 : 55.3% , 2016 : 55.5% , 2017 : 48.5% , 2018 : 45.7% , 2019 : 47.4% , 2020 : 47.6% , 2021 : 55.4%) and again that’s where they shine, in the last decade their ROCE never went under 40% and it almost reached 70% in 2012, and in the last year that number was 55.4% which is truly incredible. Whereas British American Tobacco’s ROCE never went over 35% in the last decade and in the last 5 years their ROCE is around 9%. + + Now that incredible return on capital employed might be one of the biggest reason why Philip Morris is the second largest holding behind Microsoft in Terry Smith’s portfolio with 6.94% allocation. + +Finally, Philip Morris holds a market share of 27.3% outside of China, with British American Tobacco coming in second biggest market share. I think it’s easy to say that Philip Morris has a huge moat. + +Over 80% of the world's 1.3 billion tobacco users live in low to middle income countries. 22.3% of the world’s population used tobacco products in 2020 which in my opinion is very important (But keep in mind smoking is very bad for you and those around you and I definitely suggest you stop smoking if you do) + +The percentage of smokers decreases as income increases according to data from the United States. + +Another USA statistics is that people tend to smoke less as their education level rises. + +Please take this data with a grain of salt as I got it from a Philip Morris report, however according to them smoke free products has lower cardiovascular disease risk than continuing to smoke. + +Before finishing I wanna say I have small positions in both companies with more than two thirds of it in Philip Morris however Buffett and Munger said they’d never own tobacco stocks but on other side Peter Lynch in his One Up On Wall Street book constantly talks highly of Philip Morris and it’s Terry Smith’s 2nd biggest position. + +As we previously witnessed in the EU segment, the new categories draw consumers in high income nations and are the source of growth for cigarette firms. I believe that low and middle income countries will continue to be a significant source of revenue for both businesses. +Make a list of your favorite or best performing investors, but only taking into account their numbers since 2000. + +Mine would be: + +1. David Tepper (Appaloosa Management, 22% net returns from 2000 to 2014, with an absurdly incredible 120% performance during the 2008 financial crisis) + +2. Chase Coleman (Tiger Global Management, 21% returns since 2001) + +3. Chris Hohn (TCI Fund Management, has produced a net return of 18% from 2003 to 2019) + +4. Bill Ackman (Pershing Square Capital Management, Annualized net return of 16.9% vs S & P500 9.6% from 2004 to 2020) + +5. Li Lu (Himalaya Capital Management, annualized compound return of 19.4% since 2000 \[to 2017\], compared to 6.5% for the S & P500 during the same period) + +Position of recognition: Mohnish Pabrai (Pabrai Investment Funds, has obtained 25.7% in the last 18 years, although he does not manage a fund of billions like the rest) + +&#x200B; + +&#x200B; + +&#x200B; + +I don't include Buffet on the list because he's basically in his own league. It manages a portfolio of hundreds of billions that makes it impossible to have extraordinary returns, although it has obtained 10.3% since 2000. It is the best of all and the comparison with the rest is absurd. +Looking at MHO, HOV, BZH… trading at forward p/e of 3-5 and either below or close to book value + +What am I missing? Other than interest rates rising what other things factor into the bear case? +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/) +2020 has certainly not been the year I had planned. How did my second year of RE go amidst COVID-19 and everything else that happened in 2020? Read on to find out! :-) + +As usual, I've provided the TL/DR up front, but encourage you to read the qualitative details in the body of the post as I think that a story is so much more than just some numbers and bullet points. + +For those who aren't familiar with my story, here are links to the [Original Post](https://www.reddit.com/r/financialindependence/comments/adj08l/35_11m_luck_stumbles_dedication_and_thrift_an_11/) from early 2019 and [1 Year Update](https://www.reddit.com/r/financialindependence/comments/f261kn/update_1_year_in_and_loving_it_35_11m_luck/) in early 2020. + +TL/DR: + +* Net worth increased from $1.40M to $1.61M +* Spent $30,600 which is under my budget of $33500. This was despite donating an unbudgeted $5400 to charitable organizations +* Cancelled most my of travel plans and adapted to COVID shelter-in-place orders +* Got an article written on [Forbes](https://www.forbes.com/sites/ryanderousseau/2020/03/05/36-year-old-retiree-5-years-without-paying-housing/) about me +* Invited to a WNYC radio program about finances, but it didn't materialize because of COVID. +* Joined the board of directors and became an officer at one of my queer summer camps +* Didn't meet any of my goals I set out for 2020 +* Played A LOT of board and video games online + +Next parts I'll break into sub-headings if you want to go to specific parts: + +* Life in a Time of Covid +* Major Life Events +* Finances +* Notable Experiences (Pre and During-Covid) +* Reflection of 2020 Goals and Forecasting 2021 Goals + +# Life in a Time of Covid + +2020 will almost certainly be remembered and defined by COVID and the changes that came from it. I have a friend who was already ringing alarm bells by mid-January about its possible impact, so I had some time to process and mentally prepare for things once the shelter-in-place orders actually hit in March. + +Despite being a fairly low risk to severe impacts of COVID (relatively young and no conditions that pre-dispose myself to severe complications), I chose to take what most would consider to be low risk approach for reasons including, but not limited to, wanting to minimize my potential risk to others and that the long-haul effects of the virus are still very unknown. I have the privilege of not needing to work and put myself at risk and I want to ensure that I'm not contributing to the risk of those who don't have a choice and/or are vulnerable. + +*Note: Everyone has their own situation and I'm not attemtping to shame anyone for their personal choices. As someone who is part of the queer community, I think the AIDS crisis is a good, but imperfect, analogy and lesson at how shaming does not work and discussion of harm reduction is the most effective tactic. The limitation of that analogy is that you are effectively only putting yourself and your sexual partners at risk, whereas with COVID, you could really be harming a lot more people who haven't opted in to your risk profile. In short, there are personal decisions that people need to make like seeing their family or having some companionship, but I will in no way condone egregious actions like large unmasked gatherings.* + +As an extroverted person who would host regular board game nights, go rock climbing with my climbing partner at the gym, see theater productions, go to board game conventions with thousands of people, and travel to multiple international destinations each year, this year has certainly been difficult. It isn't the year I planned, but I have tried to make the best of it as possible. + +How have I adapted to varying shelter in place orders and tried to salvage a pretty bad year? + +* Created a couple of Discord servers to maintain contact with various friend groups +* Played board games online using Tabletop Simulator with Discord - I logged over 450 hours on Tabletop Simulator alone! +* Played video Games - Logged 350 hours of Civilization 6 and 175 hours of Hades +* Got a crash pad and been rock climbing outdoor (past two months) +* Movie nights over Zoom/Discord +* Volunteer work online - phonebanking for elections, virtual summer camp activities, virtual workshops. + +Basically - Discord and online video/board games have been keeping me sane. + +# Major Life Events + +Content/Trigger warning - Death and suicide mentioned in the next set of bullet points + +* Became a first time uncle but unfortunately couldn't visit my niece. Hoping it will happen sometime by the end of 2021 or early 2022, depending on when I can get a vaccine. +* Had an acquaintance/former coworker take his own life at the beginning of the pandemic (stock market falling, depression, and pandemic stress all contributed). This particularly impacted me because unlike the next life item, I didn't have the chance to say "goodbye". When I officially quit my job and turned my laptop in January, I was going to see him in the office, but I was running late to another commitment. I thought I'd be able to catch up with him some other time, but unfortunately that wasn't meant to be. My fondest memory is when we went to see a World Series game together. It was a bucket list item for me and while no one else was wanting to shell out the cash, he gladly joined me and we had a blast. We got to see Game 2 of the 2010 World Series @ AT&T Park with Matt Cain pitching a gem of a game and a wild 8th inning where the Giants scored two runs via walks and exploded to a blow out victory. +* This summer I had my mom call me and ask for me to hop on a plane to visit becuase my grandma was in the hospital and only had a few more days to live. I packed up my stuff that night and took the first flight out in the morning. My grandparent passed away (not COVID) about two weeks later and luckily all of our family was able to spend time with her at a family member's home in pallative care and got to say our goodbyes in person. Note - family visited while masked and socially distanced. She lived a very long life and was able to pass away with family around her, which is about as much as I could ask for given all the other heartbreaking stories I've heard this year of family members not being able to say goodbye. +* I was voluntold (I was happy to help out though) to be the coordinator/project manager and to delegate tasks and facilitate decisions between my grandma's 6 children. THIS WAS STRESSFUL. My grandma didn't even have any assets to squabble over, but decades of emotions and inter-personal conflicts surfaced. Additionally COVID created a complicating situation where, at the time, the church allowed a maximum of 30 people for the service. Problem is that my grandma has 24 direct descendents and counting spouses and step kids that put the number at 35. This doesn't even include family friends and/or her extended adopted family (she was among one of 6 adopted children). In the end, everything "worked out" but not without a ~~bit of~~ LOT OF stress working through the guest list. + +# Finances + +**Net Worth:** Increased from $1.40M to $1.61M + +**Income:** Dividends + Capital Gains: $18,100 (The Capital Gains were via distributions, not sale of investments) + +**Spending:** $30,600 out of $33,500 budget. My budget at my current net worth would represent a 2.1% withdrawal rate + +The linked image provides my 2020 [Budget, 2020 Actual Spend, and Differences](https://imgur.com/a/MjnLZEq). + +You'll note that there are some big differenes in planned versus actual, namely my travel spend was virtually non-existant and I decided that I wanted to donate more to charity this year given that I have more than enough and there were many people and organizations that didn't have enough. Below lists out my notable notable big ticket expenditures for the year. + +* Charitable Giving - $5400 +* Laptop - $1600 +* Rowing Machine - $1050 +* Various REI Purchases - $1200 + +My food budget shrank significantly as I didn't eat out and rarely did take out - it was only $3500 out of a $6000 budget. I still ate well, but did a lot more home-cooking and simpler food - a lot of stuff that my mom would make for me as a kid. I fully expect that my food budget will go up once COVID restrictions lift, but I imagine that they won't go back to pre-COVID spending levels. + +For 2021 I will keep my budget the same at $33,500 but will likely come in way under it with my non-charity expenses, but I will probably end up covering the difference by contributing more to charities. + +**FIRE Actions:** + +* Converted $12,555 from my Rollover IRA into Roth IRA as part of a Roth IRA ladder ($12,400 standard deduction but slight variance at end of day) +* Was vigilant and didn't take any buy/sell action despite the dip in the spring! I briefly lost my two comma status and I got a little bit of anxiety at the trough, but stayed firm with the buy/hold Bogleheads strategy. +* Less of a FIRE action, but more of a reduction in my FIRE risk - CA AB1482 went into effect 1/1/2020 which is effectively a state-wide rent control which limits rent increases to inflation plus 5% per year. I was conservative in my withdrawal rate knowing that a sudden rent hike could happen and I needed to account for it. But now having additional protection via this law, it means I'm EXTRA safe with my withdrawal rate. + +**Lean FIRE "Trial-Run"** + +If there was one silver lining 2020 with respect to FIRE, 2020 showed me that a realistic lean FIRE number for me would be around $23,000, which were my expenses this year excluding my charitable contributions and my two big ticket purchases. At my current net worth, this would represent a 1.43% withdrawal rate. I don't plan to spending less money than my FIRE budget of $33,500 - but it shows me that I have a lot of flexibility to adapt IF I absolutely needed to. + +# Notable experiences since my last update: + +Despite 2020 being a pretty awful year in general, there were a few notable things non-financial experienices/accomplishments that are worth mentioning: + +* Became a board member and officer for one of my queer summer camps. +* Participated in virtual queer summer camp and got the "Golden Unicorn" (MVP) award! +* Beat Hades and got 49/49 achievements. Highest heat beat is 22. +* Nearly finished our Pandemic Legacy: Season 0 campaign. Our group of 4 has played S1, S2, and now S0 together and it has been a wonderful shared experience. I'm glad we could still make playing Pandemic Legacy a reality in a the midst of a IRL Pandemic. +* Visited WDW/US for 10 days total (Pre-Covid) and got to ride Rise of the Resistance... twice. OH MY GOD that ride is AMAZING. It mixes some amazing jaw-dropping visuals, fast paced action, and a tad bit of "immersive theater". +* Camped at Yosemite National Park, Mount Rainier National Park, and a few state parks in WA. + +# Reflection of 2020 Goals and Forecasting 2021 Goals + +2020 Goals + +* ~~Lead a 5.10D sport route and lead a 5.10A trad route.~~ +* ~~Get in even better shape, mostly so I can become a better climber. Aiming for 3 climbing days a week and 2-3 cardio/strength conditioning. Specific goal is to get to 13% body fat and 145 pounds (currently at 16%/152).~~ +* ~~Volunteer more with LGBT summer camps than I did in 2019 (I already have 68 days for 2020 planned compared to 24 in 2019).~~ +* ~~Apply and get accepted to work for NOLS or Outward Bound as an outdoor backpacking/climbing instructor. I would especially love to guide some LGBT/POC affinity groups.~~ + +As you can see I didn't meet any of my goals for year 2, but that's COVID for ya. I would still like to do the first three goals at some point (probably not 2021 at this rate) but realized that I no longer would like to do NOLS/Outward bound. So what are my new goals for the upcoming year? I have to temper it given that I am pretty low on the list to get vaccinated and the world is probably going to still be uncertain. The basis of these goals is based on if they can be done solo and/or with people without specific skillsets (hard to find people with the right skills to pod with and have similar risk profiles) and don't require me to be vaccinated (assuming that for the in-person interaction, it will still be masked/socially distanced). + +* Continue to serve on my board and find volunteer opportunities for both queer summer camps, hopefully in person at camp. +* Get involved in local youth outdoor activities such as ICO ([https://www.sierraclub.org/ico](https://www.sierraclub.org/ico)), which has more flexibility than something like NOLS/Outward Bound. I'm also hoping to create/lead a rock climbing program for queer POC youth in my area. +* Do more local outdoor activities (climbing, hiking, biking). +* Camp at a few "local" National Parks - Death Valley, King's Canyon, Sequoia +* I have the least control on this last one, but as soon as I'm vaccinated I would love to take an international trip by the end of the year, ideally to Brazil or Laos. + +Hope you found the post enjoyable/informative/interesting and please leave any questions/comments below! +Anyone read this article? I mean I understand there may be some changes, but this guy is writing like it’s the end of the world and no one is going to be travelling anymore unless you’re rich, that day business trips are dead, and stores are going to leave airports. + +I just think that is an extreme. I personally don’t care if the plane is packed I’ll wear a mask, and I actually don’t mind layovers in dif airports and using there lounges. I can’t see all of these things just ending. If it is I should prob sell my AC lol. + + +What do you guys think? + +TLDR: only ultra rich will fly, there won’t be anymore business class, no stores in airports , no week trips to Mexico, pay extra for empty seat behind u???? +I would bet anything this guy is a scared boomer. + +https://www.google.ca/amp/s/www.thestar.com/amp/business/2020/05/08/why-flying-is-about-to-get-a-lot-more-expensive-for-good.html +Being a new investor I have not experienced a market correction/crash of any kind however, I would like to start edging towards some sort of correction or pull back of the markets in the near/medium term. + +I looked at some gold ETFs to add however I also been thinking of short ETFs. + +So here is a couple of 🇨🇦 &🇺🇲 Short ETFs I'm looking at towards adding 2 or 3 to my portfolio + +HIX - TXS 60 large cap Daily inverse + +HIU - S&P 500 Daily inverse + +HSD - S&P 500 X2 Daily Bear + +RWM - Short Russell 2000 small cap US companies + +SRS - Ultra Short real star X2 US + +HED - TXS Capped energy X2 daily bear +(As much as oil has been going up, I think at the ETFs price right now it wouldn't be a bad investment as Oil prices could retract at any moment with an OPEC anoucement or similar situation) + +Again new investor, so feel free to share any thoughts or any other recommendations. + + +Tks👍🏼 +Want the ultimate lesson in weak hands? Listen. Really listen. Realize this could be you. I had 2.0722 BTC. I was so worried about getting my money back after investing $9000 at 11,300 that after the bounce back, despite KNOWING the halving would cause insane prices, I sold everything at $11,400. + +I could have $110,000 right now, and be a solid THREE AND A HALF YEARS ahead of where I am in terms of savings. That isn't casual saving money, thats saving EVERYTHING I have to save, with absolutely NO discretionary spending. When you have a gut feeling, don't you dare fucking go against it. + +On some level I hate myself for this, because I knew and saved for 4 years because I KNEW this would happen, and I still passed it up. Don't be afraid, be excited that you don't know where things could go because they could be so much better than what you think is possible. +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. +Curious if anyone here invests in D properties. I’ve been looking at an area in a mill town up here in Maine that has gone down hill due to horrible absentee owners with no property management. It’s a historical park with all Victorian brick duplexes but in order to be successful in making this a C area it will involve trying to acquire every property at super low prices (which is doable) and kicking tenants out. I have a lead for 6 of the 50 duplexes but I’m curious if anyone here has invested in such a horrible rent base. I have a C+ property now that’s great but I haven’t ever dabbled in the D area. Any insight would be great. +I just had tenants move out that are smokers, they were really great tenants, he's a handyman and he repaired things that needed fixing and his wife added some plants to the landscaping that look great. The smell inside the unit however is horrible and now I'm taking care of that but I'm thinking about revising the lease contract that I use, either not allowing smoking altogether or asking for a portion of the deposit to be non-refundable for smokers. I'm in California btw. +I am a home inspector in FL that conducts 10-15 Windstorm and 4 point reports weekly (in addition to home inspections). Is there any justification to thinking a pullback in the real estate market could be triggered by constant rises in home owners insurance? Every customer faces some sort of short coming in their reports leaving them to replace a roof, garage door, windows/doors (impact rated) IN ADDITION TO premiums increasing sometimes double year over year since 2020. It’s an expensive trend that in tandem with the rising home prices that i ultimately wonder could “the insurance system” take a stab causing a market drop? +Do you have a household manager? When did it become worth it to hire one? Was it a NW threshold? A busy-ness/ level of household activity threshold? A kids’ age threshold? + +If you don’t have a household manager, how do you manage your household? One partner in charge? Split based on tasks/interests? Quasi-HHM cobbling together various services and/or tech? + +Did your household management plan change post-FIRE? +[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 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 + +# 🟣 [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/) +I have a relative who has been running a small cash in hand take away shop for the past 30 years. He stopped doing his tax returns about 20 years ago and has been trading on a cancelled abn. I honestly don’t know how he has managed to get away with this for so long and he has never kept any receipts for anything or records. I want him to get clean but I don’t know how to begin the conversation or who he turns to? Does he go to a lawyer or does he go to a financial advisor? How can someone even help him if he has no records? He hasn’t even made a profit on this business and has nothing to show for all the work he has put in over the years and I know he did the wrong thing and he knows that too, but how can I help him get clean? +My partner and I (both 25) currently make about 600k combined with about 650k in savings (spread across 401Ks, IRAs, HSAs, and broker accounts, plus maybe 10% in cash/crypto). Currently renting in VHCOL area and paying $2750/mo in a sustainable situation (nice apt, rent controlled, good area, etc). However, median home value here is close to $2M, with even a basic 1/2 bed condo costing over $1M. While we could theoretically afford to buy, I’m not convinced of the benefits. Of course there’s the whole element of not needing to do any maintenance/work with our apt vs the time/energy that would take with owning a place; but even just looking at the financials, I don’t see how returns on buying would be worth it over keeping our cheap rent and continuing our investment strategy. It just seems like so much of the value of owning is exaggerated in areas like this where the differential between renting and buying is huge (vs some other parts of the country where rent might be $1.5k on average and median home is only like $400k). + +What are people’s thoughts on this? Are there people out there who have successfully reached FIRE at a young age while remaining renters? +[link to article just posted](https://finance.yahoo.com/news/tonix-pharmaceuticals-announces-issuance-u-110000792.html) + +Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) (Tonix or the Company), a clinical-stage biopharmaceutical company, today announced that the U.S. Patent and Trademark Office issued U.S. Patent No. 10,946,027 to the Company on March 16, 2021. Tianeptine oxalate is the active pharmaceutical ingredient of Tonix’s development candidate, TNX-601 CR (tianeptine oxalate and naloxone controlled-release tablet). + + +The new patent, “Tianeptine Oxalate Salts and Polymorphs,” includes claims directed to pharmaceutical compositions comprising crystalline tianeptine oxalate salts, to methods of using those compositions to treat various disorders, and to methods of producing the oxalate salts. This patent is expected to provide Tonix with U.S. market exclusivity until December 28, 2037, excluding any patent term extensions. + + +Tonix’s TNX-601 CR is a novel oral formulation of one of the claimed tianeptine oxalate salts, which is being developed as a potential treatment for major depressive disorder (MDD), posttraumatic stress disorder and neurocognitive dysfunction associated with corticosteroid use. Tianeptine sodium (amorphous) immediate release (IR) has been available in Europe for the treatment of depression for more than three decades, first marketed in France in 1989. Tianeptine sodium IR is also marketed in many countries in Asia and Latin America. No tianeptine-containing product has been approved by the U.S. Food and Drug Administration (FDA). +Sup apes. In my first [DD last week](https://old.reddit.com/r/wallstreetbets/comments/nxhh7d/crsr_dd_or_why_you_should_park_all_your_cash_in/), I gave a short rundown of why Corsair is incredibly undervalued, and how it should be in **everyone’s portfolio**. With Part 2, I’m addressing a lot of the comments I got as well as going a bit deeper into how Corsair will make this industry their bitch and reach ATH in 2021. + +- + + +**Why is Corsair in a strong position to leverage the gaming and streaming industry?** +- +Corsair didn’t snooze, but rather spend the last years hunting for good companies to acquire. Being well funded, profitable and raking in cash every year allowed them to expand in all directions with a core focus on the fastest growing niche: Streaming. Have a look at their investor relations page: + +- + +*“Corsair is a leading global provider and innovator of high-performance gear for gamers and content creators. Our industry-leading gaming gear helps digital athletes, from casual gamers to committed professionals, to perform at their peak across PC or console platforms, and our streaming gear enables creators to produce studio-quality content to share with friends or to broadcast to millions of fans.* + +*CORSAIR also includes subsidiary brands Elgato, which provides premium studio equipment and accessories for content creators, SCUF Gaming, which builds custom-designed controllers for competitive gamers, and **ORIGIN PC**, a builder of custom gaming and workstation desktop PCs and laptops.** + +- +With Elgato they positioned themselves years ago already to capitalize on one of the fastest growing entertainment subsegments (Streaming). While acquiring SCUF Gaming and ORIGIN PC allowed them to also expand and play in the console market as well as Pre Build PCs and laptops. **They basically moved up the ladder from RGB fans, keyboards, RAM sticks and Cases to EVERYTHING you need to play, stream or game properly.** + +**How much faster is Corsair really expanding?** +- + +I cannot stress this enough, but their last quarter results really blew it completely out of the water. Seeing how they raised guidance, I think August will be even more brutal. One for value: + +* **$529.4 million** in net revenue, an increase of **71.6%** year-over-year. +* **$175.9 million** net revenue for Gamer and creator peripherals segment, an increase of **131.9%** year-over-year. +* Gross profit was **$160.3 million**, an increase of **103.9%** year-over-year, with a gross margin of 30.3%, an improvement of 480 basis points year-over-year. +* Operating income was **$67.3 million**, an increase of **404.5%** year-over-year. +* Adjusted operating income was **$80.4 million**, an increase of **221.4%** year-over-year. + + +- +Do yourself a favor and whip up a site like FinViz, punch in your favorite meme stock and have a look at their revenue number vs market cap. There’s a reason why GME got picked up by DFV. Sales is still king and undervalued companies with aggressive growth have insane potential short and long term. + +- +**Why hasn’t it blown up yet to +100?** +- + +There is a good amount of chatter about two things. One being market manipulation, the other is that there is very little retail investor interest, compared to the amount of net sellers. The second point actually holds up, the stock never really got picked up by retail investors (or apes) and a lot of the commenters that did buy it up, mentioned how they were perfectly content with amassing shares every month while the price is still low. Pure but selfish value investing. + +- +**Eagle What?** +- + +This one was also pointed out a lot. Corsair is owned by a private equity firm called EagleTree. They purchased the majority stake back in 2017 (which in turn allowed Corsair to expand much more aggressively) and now is obligated to reduce their share position over the next years until they only hold 10% of the company. + +They currently hold 61.9%. The shares sold are mostly picked up by **Vanguard**, **Blackrock** and a few other small institutions, plus retail of course. Looking at insider transactions we can see that EagleTree usually sells shares twice a year with the last transaction happening **June 3rd 2021**. + +This point doesn’t concern me too much personally, as it’s normal for private equity firms to reduce their stake after IPOs and Corsair is barely dipping $2 even with EagleTree selling 5 million shares. Now having sold their shares just now, it will probably be quiet for the next 6 months. + +- +**Back to 2021 and how you can make money** +- + +They have a strong customer base which they've built up over the last 20 years, and thought f+ck it, let’s go all in on this market. Tits and streaming? Amazing! Controllers for consoles? Let’s do it. RGB Spinners on your lambo? Fuuckyea. + +- + +Instead of focusing on boring office peripherals that every Chinese company provides, they instead decided to slap RGB on everything and are loved for it. + +- + +**Now EagleTree is gonna continue doing what eagles do, and we will continue doing what apes do. I’ll continue buying this company and watching their ER like a hawk while analysts jack themselves off over the sort of numbers Corsair hits out every quarter.** + +- +I said it once, and I’ll say it again. If you don’t hold Corsair shares, you are pretty retarded. But since that’s half the sub already, just do your wife’s boyfriend a favour and pick up some shares while they are still dirt cheap. He will thank you for it once they hit **$70** or even blow through the stratosphere with **+$100.** + +- + +**TL:DR** + +Corsair CEO Smart. Put this in your boomer dad’s portfolio (shares) and If you like gambling, buy some calls. + +- + +Position: 100 shares at $33 and 12x 40$ Nov Calls. (yes I’m poor, and you can do better). +I have £471 in a legal and general pension from a short time working at Tesco. I was under the impression I could just take this out when I left as that’s what our finance lady said. After talking to legal and general it seems as though I have to wait untill I’m 55. It’s not a life changing amount it was just be seriously handy right now, especially as I have no plans to ever pay into the pension plan again. Sorry for my ignorance, I have no idea how any of this works. Any help is greatly appreciated! +Thank you +In this post, I would like to expand on the growing interest in staking by expanding on [Passive income post](https://www.reddit.com/r/CryptoCurrency/comments/lk2rtw/the_ultimate_guide_to_earning_passive_income_with/) by u/Weaver96 and [Beginner's staking guide](https://www.reddit.com/r/CryptoCurrency/comments/lrhrz6/what_is_staking_a_guide_for_beginners/) by u/GajarCroissant . Everything in this post is relevant for the year 2021. If you would like to read this in a PDF [click here](https://www.docdroid.net/bkNrDyP/ultimate-staking-guide-2021-pdf). + +I will present some best staking coins for 2021. So if you want to look into crypto staking in 2021. Look no further. + +## I decided to post PART 2 on a medium / blog to make it more beautiful and add community contributions from the comments. Thanks for a lot for good additions :) Sorry about not keeping this one up, work got very busy.And I wanna take it up a notch. + +Edit1: Corrected some things around based on feedback. Moved disclaimer about sources. Edit 2 will bring more projects + +**If you think that this list excludes an interesting project, please comment and list some sources. I will edit the post and add them in.** + +Table of contents: + +Staking and methodology + +1. TLDR: Summary Table of Projects (Profitability, Ease of staking) +2. Glossary +3. Why to stake in a Native wallet vs Third-party wallets vs Exchanges +4. Overview of projects and useful links +5. Sources and declaration of conflict of interest + +# 0. Staking and methodology + +Staking cryptocurrencies is something that may interest a lot of retail investors who do not wish to participate in active trading. Staking allows a coin holder to receive passive income through a reward or forging system. + +The number of coins or tokens that you have or the amount you are willing to stake will affect the quantity of staking rewards. It’s a bit like a savings account but with much greater freedom and a decent profit. + +Staking is in its essence basically a form of mining, that rewards the users of the blockchain network, because the users of the specific project chose who their Node operators and ultimately Staking providers are. These operators are called miners for coins like Bitcoin. However, staking uses fraction of electricity and computational power that bitcoin mining needs, while still keeping the network running. Poetry of blockchain engineers. + +I decided to make a comprehensive guide that will cover a glossary regarding staking and other blockchain terms. The main take-away should be a closer look at a list of projects that I will compare based on how profitable, prospective and user-friendly they are. + +The choice of projects featured includes popular, innovative and original projects. I have either direct experience with these projects or I have researched and tested them out. In my opinion, these projects are relatively low risk. + +I studied 40+ projects and eventually limited my choice to 9 blockchain networks. This journey was actually really interesting. + +Before starting it, I was staking in 2 projects and I thought the market was flooded with projects covering insane staking rewards and incredible possibilities. I went to the opposite end of what I know from my experience and researched ERC20 staking – realizing it is complex and risky. + +Therefore, I focused on user experience and risk mitigation. This led to a rabbit hole of discovering new and amazing projects. I slowly started to realize one very common denominator for the best staking projects. All of them are focused on creating technology for block-chain interoperability, deploying their own blockchains and parachaining. Each has its own unique take on how to solve this crucial factor for adoption (covered in Chapter 4). This reasoning is clearer when you understand the difference between Proof-of-work and Proof-of-stake. + +The foundation of the tech behind the projects should be a major point of interest when comparing these products over their profitability. One of the deciding factors was also the development activity behind these projects ([https://twitter.com/ProofofGitHub](https://twitter.com/ProofofGitHub)). That is why extreme profit projects with 0 tech are not listed here. + +To make this guide a bit more interesting I had a couple of crypto beginners try out this selection of projects and noted their opinion in the evaluation part of this guide. + + + +Important notes: + +* Any project with less than 3% annual rewards is not included (eg. EOS, NEO, TRON, VET, LSK, XLM). +* As mentioned, sometimes there is a risk associated with staking (usually very high-profit types with 20% and more yearly interest). This means that any project that has a risk of losing the staked amount or significant rewards is also excluded. +* ERC20 tokens are also excluded as their staking is more complicated and riskier. DOT and KSM are exceptions because their slashing is negligible for users (not validators, however). +* Exchange staking is included briefly as it also carries a risk but that is mainly in the concept of not your keys, not your coins axiom. +* I decided not to include ETH 2.0 in this guide, because it means locking a large number of assets until it launches (so do your own research after you finish this guide). + +# 1. TLDR: Summary for Staking in Native Wallets + +I decided to start this post with a summary, because there would be a wall of text before the “good stuff”. I hope this summary will motivate you to read through the rest of the post and find the logic and reasoning behind it. I decided not to give any project an overall rank and listed them alphabetically (there is no best to last, that is for you to decide). Instead, I summarized key features, profitability and evaluated UIX (from crypto-beginners) and tech aspects (by studying whitepapers and roadmap completions). + +Some projects have grown in a way that staking was always available only in third-party wallet and since that is their native environment, they deserve a place here. + +Staking in native wallets will always be the most secure way to stake your coins. Never forget to back‑up your seed phrases. + +**If some terminology in this table is not clear – head down to the glossary in the next chapter. Every single evaluation category in the table is explained in project overview of Chapter 4.** + +Table 1: Native wallet - profitability + +|**Project**|Coin|Native Wallet|APY %|Lock-up period|Pay-out| +|:-|:-|:-|:-|:-|:-| +|Algorand|ALGO|Yes|6.5 %|None|Transaction claim| +|ARK EcoSystem|ARK|Yes|8-9.5 %|None|Daily| +|Avalanche|AVAX|Yes|9.2 %|14-365 days|After lock| +|Cardano|ADA|Yes\*|4-5 %|None|5 days| +|Cosmos|ATOM|3rd - party only|10.5 %|Variable\*\*|Claiming with fees| +|ICon|ICX|Yes|13 %\*\*\*|5-20 days|5-20 days| +|Kusama|KSM|Yes|14 %|7days|Claim (21 days expire)| +|Polkadot|DOT|Yes|9-12 %|28 days|Claim (84 days expire)| +|Tezos|XTZ|3rd - party only|5-6 %|None 20 days to confirm|3 days**** | + +\*ADA native wallets are developed by third-party but they are exclusive to ADA + +\*\* ATOM locking period depends on user but to switch delegation you have to wait 21 days. + +\*\* ICX interest changes a lot, can be from 6-30 %, overall is about 10–16 % + +\*\*\* Tezos requires to initially confirm assets for about 14-20 days. So PoS rewards kick in after time, then rewards pay out every 3 days. + +Table 2: Native wallet – features and evaluation + +|Coin|Consensus|Ease of staking|Tech|User experience| +|:-|:-|:-|:-|:-| +|ALGO|PPos\*|Easy|7/10|8/10| +|ARK|DPoS|Easy|10/10|10/10| +|AVAX|PoS|Moderate|8/10|8/10| +|ADA|PoS|Easy|10/10|10/10| +|ATOM|PoS|Moderate|10/10|8/10| +|ICX|DPoS|Easy|9/10|8/10| +|KSM|DPoS\*\*|Hard|9/10|4/10| +|DOT|DPoS\*\*|Hard|9/10|4/10| +|XTZ|PoS and DPoS|Easy|8/10|7/10| + +\*PPoS is a form of PoS where anyone on the network can decide what to do with blocks –achieving great decentralization level + +\*\*Dot’s and Kusama’s DPoS is called NPoS, but is just DPoS with possibility to punish bad delegates (slashing) + +# 2. Glossary + +Table 3: Essential blockchain terms + +|**Term**|**Explanation**| +|:-|:-| +|**Blockchain**|Immutable or permanent ledger (registry) maintained in multiple locations known as **nodes**.| +|**Node**|A software instance on a Blockchain network responsible for participating in consensus, maintaining the ledger, servicing or relaying transactions, or all of the above. A node is the most basic unit and critical part of a blockchain infrastructure.| +|**Node operator**|Person or group of people responsible for maintaining a node. A network refers to all nodes in the operation of a blockchain at any given moment in time.| +|**Network**|Collection of nodes that communicate with one another to form a system.| +|**Transaction**|An exchange of data or value between Blockchain addresses or networks.| +|**Consensus**|General agreement between node operators on the state of the Blockchain and/or ledger. In decentralized systems, which are composed of a multitude of node operators the decisions are made collectively.Consensus is needed to provide the state of the network.| +|**Finality**|Property of a Blockchain network that determines how well the consensus mechanism can render new blocks immutable (permanent)| +|**Consensus mechanism**|Method by which consensus is reached, which can vary drastically based on the protocol. Examples include Proof-of-Work, Proof-of-Stake, and Delegated Proof-of-Stake.| +|**Proof-of-work**|Prime example where this mechanism is used is Bitcoin network. Where miners race to solve complex mathematical problems, adding new blocks and generating new coins to validate transactions. Miners consume large quantities of electricity to do this.| + +Table 4: Staking Glossary + +|**Term**|**Explanation**| +|:-|:-| +|**APY %**|Annual percentage yield| +|**Ease of staking**|A metric considering the difficulty of set up to earn rewards via staking. Either explaining how hard is it to get your assets to start staking, how much is the minimum amount of tokens for staking and how much attention you have to bring staking.| +|Easy:|Very fast setup, No fees and extremely small minimum stake, none or small lock period, fast payouts and very occasional attention to status.| +|Moderate:|More hassle when setting up staking account, minimum stake required, lock up periods, payouts take longer or require unbonding, can require claiming rewards.| +|Hard:|Abysmal user experience, high entry point, long lock-up periods, payouts after lock-up periods, payouts with long unbounding or claiming, expiration of rewards.| +|**Native wallet**|Wallet developed by the team behind the blockchain project. First functionality of it is built exclusively around the native token. Provides highest amount of security for staking. Many native wallets are expanding beyond and depending on project development allow holding new assets through interoperability, testnet tokens or even top crypto coins.| +|**Third party wallet**|Well known multi-asset wallets like Exodus or Atomic wallet that started to allow staking within their interface.| +|**Exchange staking**|Locked staking on an exchange, there is some risk but can be profitable.| +|**POS**|Consensus mechanism where all coin holders enter a lottery to add new blocks and receive new coins, weighted by the holdings within each address. Consumes far less electricity than PoW.| +|**DPOS**|Consensus mechanism where Staking providers are voted in by coin holders are reponsible for maintaining the ledger, adding blocks, and generating new coins. Since DPoS is a form of democratic governance. The Staking providers share their proposals of how they will share rewards and help the network.| +|**Staking pool**|Pooling funds together with other investors for staking is similar to the concept of pooling hashing power in mining pools.| +|**Staking provider**|Ensures consensus on the network for providing staking rewardsGeneralized name for the terms: Delegate, Delegation services, Delegator, Generator, Producer, Baker, ValidatorSome networks can utilize 2 or more of these specific examples to differentiate roles if needed.| +|**Staking hierarchy**|You are a Voter – You vote for Staking pool or Staking provider – Staking pool or provider are Node operators (validators) that confirm transactions on the blockchain network and that share the rewards with Voters| +|**UIX / UX**|User interface experience, User Experience| +|**Stake**|The number of coins or token that **participate** in staking.| +|**Vote / Voting**|Transaction type that assigns your tokens to a Staking Provider and determines your Vote Weight. Most common cases. A small fee transaction to choose Staking provider that assumes all assets on the address you vote from as voting power (Flexible) OR Requires committing assets as Stake voting (Not Flexible)| +|**Flexible Stake / Flexible Balance**|You only have to vote from your address to stake pool or a delegate and all assets on your address are assumed to participate in the voted pool. You can move your tokens anytime and proof-of-stake is calculated from minutes to hours.| +|**Stake Voting / Stake Lock / Staked Balance**|Where one token represents one vote in the network. The total number of coins that have used the voting right to indicate preference for a Staking Provider. A vote where you commit an amount of tokens through a transaction to your staking pool (Quite often requires locking, bounding)| +|**Vote Power / Vote Weight** |Quantifiable amount of influence that a voter could assign to Staking Provider. Determines your staking reward among other network-specific things based on the project you are supporting. In Flexible Stake it is usually all the assets you have on your address. In Staked Lock you usually chose how much vote power you have specifically.| +|**Slashing**|A form of punishment for delegated in DPoS that are not working properly and are trying to game the system.| + +# 3. Native wallet vs 3rd-party wallet vs Exchange staking + +Native wallet summary was already included above in Chapter 1 and is the safest form of staking where you own your private keys. I advise to always make good research on how native wallet staking is available for the projects you research. + +Third party wallet staking is a good option if you find a reputable wallet. The choice of third party wallets are included in Chapter 4 project overview. In general: Exodus, Atomic, Huobi, Guarda + +Table 5: + +|**Project**|**Coin**|**3rd party wallet**|**APY %**|**Lock-up period**|**Pay-out**| +|:-|:-|:-|:-|:-|:-| +|**Cardano**|ADA|Yes\*|4 %|Yes and no|5 days| +|**Algorand**|ALGO|Yes|6.2 %|Yes|After| +|**ARK EcoSystem**|ARK|No|\-|\-|\-| +|**Cosmos**|ATOM|Yes|10 %|Yes|Claiming with fees| +|**Avalanche**|AVAX|No|\-|\-|\-| +|**Kusama**|KSM|No|\-|\-|\-| +|**Polkadot**|DOT|Yes|8 %|Yes|After| +|**Icon**|ICX|Yes|10 %|Yes|After| +|**Tezos**|XTZ|Yes|5.4 %|None|3 days| + +\*More wallets beyond Daedalus and IOHK + +&#x200B; + +Exchange staking can be useful for some, but dreadful for others. Never forget, not your keys not your coins. + +Table 6: + +|**Project**|**Coin**|**Exchange staking**| +|:-|:-|:-| +|**Cardano**|ADA|Yes| +|**Algorand**|ALGO|Yes| +|**ARK EcoSystem**|ARK|Yes| +|**Cosmos**|ATOM|Yes| +|**Avalanche**|AVAX|Yes| +|**Kusama**|KSM|Yes| +|**Polkadot**|DOT|Yes| +|**Icon**|ICX|Yes| +|**Tezos**|XTZ|Yes| +|Exchange specifics:|\-|\-| +|**APY %**|Changes quite often on every exchange. Always check the current rate.|Can be sold out and therefore not available.| +|**Lock up period**|Always happens on exchanges.|Typically: 14 days 30 days 60 days 90 days| +|**Pay-out**|After unbonding|| + +# 4. Project overview and useful links + +## Algorand (ALGO): + +Algorand is a decent staking project considering profitability and ease of stake. It is so easy that all you have to do is move your Algo to their wallet and you are staking. There is no lock-up period for receiving rewards. They are calculated to your address in a pending form just by being part of the network. To claim them however one needs to send or receive a transaction (even if it is a 0 Algo message over blockchain). Their main goal is to work with banking institutions. + +Website: [https://www.algorand.com/](https://www.algorand.com/) + +Reddit: [https://www.reddit.com/r/algorand/](https://www.reddit.com/r/algorand/) + +How to stake: + +[https://coinlist.co/stake/algorand](https://coinlist.co/stake/algorand) + +[https://www.algorand.com/resources/blog/rewards-technical-overview](https://www.algorand.com/resources/blog/rewards-technical-overview) + +Tech: [https://www.algorand.com/resources/white-papers](https://www.algorand.com/resources/white-papers) + +Upcoming tech: [https://messari.io/asset/algorand/profile](https://messari.io/asset/algorand/profile) + +## ARK Ecosystem (ARK): + +Very nice profitability and extremely easy to stake in native wallet. Requires only to download their easy-to-use native ARK wallet and vote for a Staking Provider (delegate). The wallet has downloadable plugin for rewards calculation to help chose a delegate based on your voting power. + +Ark staking is risk-free. Your assets are never committed or locked and rewards are calculated and paid out daily. So you can see your balance rising everyday and the daily rewards are calculated towards your new staking reward the next day. + +ARK has been one of the pioneers in blockchain interoperability solutions since 2017. The team behind ARK has been delivering everything on their yearly roadmaps and has some amazing products lined up for Q1 of 2021. They are very active in development ([https://twitter.com/ProofofGitHub](https://twitter.com/ProofofGitHub)) + +Website: [https://Ark.io](https://ark.io/) + +Reddit: [https://www.reddit.com/r/ArkEcosystem/](https://www.reddit.com/r/ArkEcosystem/) + +How to stake: + +[https://ark.dev/docs/desktop-wallet/user-guides/installation](https://ark.dev/docs/desktop-wallet/user-guides/installation) + +[https://ark.dev/docs/desktop-wallet/user-guides/how-to-vote-unvote](https://ark.dev/docs/desktop-wallet/user-guides/how-to-vote-unvote) + +[https://arkdelegates.live/delegates](https://arkdelegates.live/delegates) \- for DPoS proposals + +[https://ark.dev/docs/desktop-wallet/introduction-to-ark-rewards](https://ark.dev/docs/desktop-wallet/introduction-to-ark-rewards) + +Tech: + +[https://ark.dev/](https://ark.dev/) + +[https://ark.io/Whitepaper.pdf](https://ark.io/Whitepaper.pdf) + +Upcoming tech: [https://ark.io/roadmap](https://ark.io/roadmap) + +## Avalanche (AVAX): + +Fairly new project that had main-net launch in Q4 of 2020. As usual around main-net launches the price rocketed and is now consolidating. The staking rewards are decent for AVAX, however, setting up staking accounts is a bit more tricky for beginners. There is a variable lock-up period that the user can freely choose from and rewards are received after this period. They have yet to prove what they promised in whitepapers, but the ambitions are interesting. + +Their main net is pretty interesting though: [https://www.avalabs.org/why-avalanche](https://www.avalabs.org/why-avalanche) + +Website: [https://www.avalabs.org/](https://www.avalabs.org/) + +Reddit: [https://www.reddit.com/r/Avax/](https://www.reddit.com/r/Avax/) + +How to stake: + +[https://medium.com/avalancheavax/staking-avax-by-validating-or-delegating-with-the-avalanche-wallet-f4d9adc182a6](https://medium.com/avalancheavax/staking-avax-by-validating-or-delegating-with-the-avalanche-wallet-f4d9adc182a6) + +[https://docs.avax.network/learn/platform-overview/staking](https://docs.avax.network/learn/platform-overview/staking) + +[https://docs.avax.network/build/tutorials/nodes-and-staking/staking-avax-by-validating-or-delegating-with-the-avalanche-wallet](https://docs.avax.network/build/tutorials/nodes-and-staking/staking-avax-by-validating-or-delegating-with-the-avalanche-wallet) + +Upcoming tech: + +[https://www.avalabs.org/whitepapers](https://www.avalabs.org/whitepapers) + +## Cardano (ADA): + +Also a project from 2017 that probably will have the biggest recognition on this list. They never failed to deliver what they promised and should be considered one of the most solid projects in this list. + +Their might have one of the lesser staking profitability on this list but they make up for it with the great ease of staking. Rewards are paid out automatically every 20 days and the assets of the addresses are never locked. Calculations are done daily so it considers your transaction history during the 20 days. Therefore it is risk free. Their “native” wallets Daedalus and Yoroi are easy-to-use. + +Some great news are coming from Cardano in the upcoming months so be sure to have them on your watch list. They recently hard-forked to allow more interoperability with chained tokens. They are also very active in development ([https://twitter.com/ProofofGitHub](https://twitter.com/ProofofGitHub)). They are a Top 3 crypto project for a reason. + +Website: [https://cardano.org/](https://cardano.org/) + +Reddit: + +How to stake: + +[https://www.youtube.com/watch?v=OUZKSS\_cJIE&ab\_channel=IOHK](https://www.youtube.com/watch?v=OUZKSS_cJIE&ab_channel=IOHK) + +[https://www.youtube.com/watch?v=DCMX1wFgrJY&ab\_channel=IOHK](https://www.youtube.com/watch?v=DCMX1wFgrJY&ab_channel=IOHK) + +[https://medium.com/cardanorss/staking-for-beginners-a-step-by-step-guide-6dda110b2454](https://medium.com/cardanorss/staking-for-beginners-a-step-by-step-guide-6dda110b2454) + +Tech: + +[https://cardano.org/discover-cardano](https://cardano.org/discover-cardano) + +[https://why.cardano.org/](https://why.cardano.org/) + +Upcoming tech: [https://roadmap.cardano.org/en/](https://roadmap.cardano.org/en/) + +## Cosmos (ATOM): + +Cosmos has generous profitability and decent ease of staking. The coin can be staked in many wallets due to integration of their SDK in them in order to vote for Staking Pools. The only tricky part is the fact that you have to claim your rewards with a fee to the network. + +Cosmos launched in Q1 of 2019 and they just recently finished their first whitepaper and launched their new road map of Stargate. This proves that they can deliver what they promise. They are also very active in development ([https://twitter.com/ProofofGitHub](https://twitter.com/ProofofGitHub)) + +Website: [https://cosmos.network/](https://cosmos.network/) + +Reddit: [https://www.reddit.com/r/cardano/](https://www.reddit.com/r/cardano/) + +How to stake (3rd-party tutorials): + +[https://blog.chorus.one/top-cosmos-wallets/](https://blog.chorus.one/top-cosmos-wallets/) + +[https://medium.com/everstake/how-to-stake-cosmos-atom-via-the-cosmostation-mobile-wallet-1feeff03b6b3](https://medium.com/everstake/how-to-stake-cosmos-atom-via-the-cosmostation-mobile-wallet-1feeff03b6b3) + +[https://atomicwallet.io/cosmos-atom-staking](https://atomicwallet.io/cosmos-atom-staking) + +[https://support.exodus.com/article/1403-cosmos-staking-faq#:\~:text=First%2C%20open%20your%20Cosmos%20wallet,on%20the%20button%20Stake%20Cosmos.](https://support.exodus.com/article/1403-cosmos-staking-faq#:~:text=First%2C%20open%20your%20Cosmos%20wallet,on%20the%20button%20Stake%20Cosmos.) + +Tech: + +[https://cosmos.network/cosmos-whitepaper.pdf](https://cosmos.network/cosmos-whitepaper.pdf) + +[https://www.coindesk.com/cosmos-upgrades-to-stargate-another-2017-ico-very-nearly-completes-its-vision](https://www.coindesk.com/cosmos-upgrades-to-stargate-another-2017-ico-very-nearly-completes-its-vision) + +Upcoming Tech: [https://stargate.cosmos.network/](https://stargate.cosmos.network/) + +## Icon (ICX) + +This Korean based blockchain that started of as an ERC20 has very genours profitability and moderate ease of stake. They are deeply embedded in Korean strategic partnerships and seem to be delivering on their roadmap. + +They separated from ERC20 base to their on blockchain during 2018. They are now one of the most profitable staking projects. + +Website: [https://icon.foundation/?lang=en](https://icon.foundation/?lang=en) + +Reddit: + +How to stake: + +[https://medium.com/everstake/detailed-guide-to-icon-icx-staking-and-voting-how-things-do-exactly-work-d650e75f5ab9](https://medium.com/everstake/detailed-guide-to-icon-icx-staking-and-voting-how-things-do-exactly-work-d650e75f5ab9) + +[https://stakedtech.medium.com/icon-icx-a-complete-guide-for-staking-on-icon-network-using-ledger-nano-aa1f45257133](https://stakedtech.medium.com/icon-icx-a-complete-guide-for-staking-on-icon-network-using-ledger-nano-aa1f45257133) + +Tech: [https://icon.foundation/resources/whitepaper/ICON\_Whitepaper\_EN.pdf](https://icon.foundation/resources/whitepaper/ICON_Whitepaper_EN.pdf) + +Upcoming tech: [https://medium.com/helloiconworld/icon-development-roadmap-update-february-2021-3b5897957094](https://medium.com/helloiconworld/icon-development-roadmap-update-february-2021-3b5897957094) + +## Kusama and Polkadot (KSM and DOT) + +Kusama is a canary network of polkadot and works on the same principles so I put these together. Both have one of the most profitable stake value in their native wallets and exchange staking. However, the ease of staking in their native wallets is pretty hard for beginners. This coupled with lock up periods and claiming rewards and their possible expiration does not create a good user experience. One could compare that the profitability makes up for that but having it on your mind all the time is a negative experience. + +However, they are backed by huge VC and have very ambitious tech lined up. They have yet to prove what they are capable of. + +Website: [https://kusama.network/](https://kusama.network/) + +[https://polkadot.network/](https://polkadot.network/) + +Reddit: + +[https://www.reddit.com/r/Kusama/](https://www.reddit.com/r/Kusama/) + +[https://www.reddit.com/r/dot/](https://www.reddit.com/r/dot/) + +How to stake: + +[https://medium.com/stakin/how-to-stake-kusama-ksm-4529a48bb4e8](https://medium.com/stakin/how-to-stake-kusama-ksm-4529a48bb4e8) + +[https://support.polkadot.network/support/solutions/articles/65000168057-how-do-i-stake-nominate-on-polkadot-](https://support.polkadot.network/support/solutions/articles/65000168057-how-do-i-stake-nominate-on-polkadot-) + +Tech: [https://whitepaper.io/document/596/polkadot-whitepaper](https://whitepaper.io/document/596/polkadot-whitepaper) + +## Tezos (XTZ) + +Tezos has an acceptable profitability and moderate ease of staking. There are is an confirmation period of 14-20 days where you commit your adress to a baker and when your assets are confirmed by the network the pay outs roll in every 3 days. You are free to use them and get pay outs very regularly. They are a liquid network so you will have to vote for Staking providers. + +You vote simply by delegating funds to a baker they agree with while bakers(validators) actually cast a vote during the on chain governance process. + +Tezos uses a variation of a Proof-of-Stake system that differs slightly from established models in that block producers are not selected by token holders and anyone can participate as a baker (validator) if they hold a specified amount of tokens. Token holders that do not meet the minimum threshold can delegate their tokens to a baker without needing to relinquish control of their tokens. + +Website: [https://tezos.com/](https://tezos.com/) + +Reddit: [https://www.reddit.com/r/tezos/](https://www.reddit.com/r/tezos/) + +How to stake (3rd party only): + +[https://baking-bad.org/docs/tezos-staking-for-beginners/](https://baking-bad.org/docs/tezos-staking-for-beginners/) + +[https://support.exodus.com/article/1300-tezos-staking-faq](https://support.exodus.com/article/1300-tezos-staking-faq) + +[https://atomicwallet.io/tezos-staking](https://atomicwallet.io/tezos-staking) + +Tech: [https://tezos.com/static/white\_paper-2dc8c02267a8fb86bd67a108199441bf.pdf](https://tezos.com/static/white_paper-2dc8c02267a8fb86bd67a108199441bf.pdf) + +[https://tezos.com/static/position\_paper-841a0a56b573afb28da16f6650152fb4.pdf](https://tezos.com/static/position_paper-841a0a56b573afb28da16f6650152fb4.pdf) + +Upcoming tech: [https://messari.io/asset/tezos/profile](https://messari.io/asset/tezos/profile) + +&#x200B; + +# 5. Sources and conflict of interest + +**Sources** + +[**https://coinmarketcap.com/alexandria/glossary**](https://coinmarketcap.com/alexandria/glossary) + +[**https://ark.dev/docs/glossary/glossary**](https://ark.dev/docs/glossary/glossary) + +[**https://www.stakingrewards.com/**](https://www.stakingrewards.com/) + +[**https://cointostake.com**](https://cointostake.com/) + +[**https://coinmarketexpert.com/**](https://coinmarketexpert.com/) + +**Subreddits of these projects** + +**Websites and whitepapers of every project** + +**Conflict of interest** + +I am an active member of communities in following projects: ARK, ADA, DOT, ATOM. + +I stake these coins: ARK (last 2.5 years), ICX (recently) + +I own some Polkadot but do not stake it. +Anybody have recommendations for ways to do Disney land/world? Any secrets to avoiding lines? I’ve heard about services where you “rent a handicap” which seems slimy as heck, but wondering if there’s anything else out there +Who has vacation homes? What experiences have you had? + +Do you view as a toy? Or an investment? Or as an appreciating asset that pays for itself (taxes, upkeep)? + +(These are all assuming you do short term rentals, but maybe you don't-- tell me about that decision too!) + +Edit: wow, I barely post on Reddit. This thing got way more responses that I thought. Thank you everybody for your thoughts/rational. This is way more opinions that I could get from my small circle I could IRL. Thanks so much!! Keep em coming! +Hello kind people! Throwaway for obvious reasons. First I'll tell you my story that you can skip really, and then I'll talk about what my situation will be afterwards. + +I will be looking for a professional financial advisor (recommendations in london please!), but I only feel confident when I have some kind of understanding about these things myself. + +--- + +I'm closing in on a sale of my business. Having gently suggested its sale for the last year or so to the industry folks who could be interested, I'm in the process with my solicitor of forming a final deal with a buyer that I both trust and is offering a good amount of money... it started from a bit upwards of 1.8mil, and is now going to be a clean 2.1 mil as we convinced them (and rightly believed!) it was worth more. + +Obviously anything can happen, but in the unlikely case to this deal falling through there are other interested parties. I feel for various reasons that 1.8mil is a conservative estimate on the final sale. + +I am so excited. It's literally been my biggest focus to exit financial anxiety. I'm quite satisfied selling the business too, I think it *could* grow significantly but it's not in an area I'm passionate in at all, ironically. And there is a potential for depreciation, so I want to get out on a high. + +Fortunately enough I've found a really good solicitor that's already been paid for, and I'm the sole employee of the business. So it's really just the tax that's going to be taken of the sale sum. Assuming a 1.8mil sale, I will be actually paid \~1.6mil after capital gains tax (benefited through entrepreneurs relief). + +--- + +I am a 24yo comp-sci grad renting in a crappy apartment in east london, with most likely 1.6mil net coming to the bank and probably more. Right now my finances consist of just \~9k in an ISA (specifically all vanguard ls100, was expecting a longer career!) and \~6k cash in a savings account. I have student loans consisting of \~27k in tuition, \~18k in maintenance, which presumably I should just write off now. + +Don't worry, I have a lot to keep me busy after retirement. For the time being it'll be in a volunteering thing I decided to stop a few years ago (to dedicate to my business, ugh) and working on my own weird interactive entertainment work, but I want to assume no significant financial benefit (basically I want to pursue my dreams). + +Soooo, basically I want to smartly allocate my money so I can assume no further income yet live sustain a good humble lifestyle. Nobody in my life knows about this as of yet, luckily. + +What I really want to do is buy a nice little house/apartment, in a friendly/safe community, where I will live by myself (I'm asexual/aromantic) but have enough space to bring a couple friends over (tabletop games baby). The only shortcoming is that I want to live in greater london so I can 1) be around friends 2) have access to so many great opportunities 4) the underground! 3) visit my south essex family via train easily. + +I HATE where I live right now, that's for sure. Block of flats full of angsty young adults like me basically. Anyone know a good place in london to settle down? I haven't had any time as of yet to explore much yet, will probably spend time with my family for a bit though so no rush. I am prepared to bite a high price assuming the rest of my capital can sustain little in the way of living costs. + +On the top of my head, with a place paid for outright, I would need less than 15k for expenses per year. Bills, train fares, groceries, cafe and pub here and there, some entertainment stuff, and travel seems quite manageable under that. I actually hate traveling places and stuff (there's so much to explore in the UK!), and will only be flying to family in south asia once a year for about £600/y... although jumping from economy to business class from now on does sound really nice. Will want to retreat also once a year to national attractions like the Lake District too, but what I really enjoy doesn't go more than a grand for sure. + +Anyway! **What the hell do I actually do with my money, after buying a home?** I assume I should take full benefit of a SIPP and annuities, but only for what I need after I'm 55 due to the tax inefficiencies. Other than filling up my general ISA every year, should I be allocating enough cash for the next few years (ie 5) and make suitable separated taxable investments to be taken out in intervals 10, 15, 20 years, with the appropriate risk tolerance (i.e. bonds/stock ratio) for each one? Is that a sane? And reinvest any additional profits here and there? + +Also, I am quite resilient to ensuring my future needs are met first, but of course it'll be nice to support others. Specifically last I checked my mum plans to retire in 5 years, but could do with something like £100K max to retire a bit early after working so hard for so long (need to talk to her after things settle down, of course). And I want to donate money to worthwhile causes after that, if possible. But I am content with the idea of having a bit more cash *just incase* I ever want to do something, so I should probably hold some cash ready in the bank. + +--- + +I'd be grateful if folks could just hint at what the responsible thing to do here is, so that when I approach a professional I can make sure I'll be doing it right. Even though I thought I was ready for a relatively sudden change in my finances like this, it really is dawning on me now how crazy such a jump of wealth can make someone, and because it seems unwise to turn to those close in my life right now I just need some guidance so I don't screw things up. Thanks! + *Disclaimer: I am not a financial advisor. This entire post represents my personal views and opinions, and should not be taken as financial advice (or advice of any kind whatsoever). I encourage you to do your own research, take anything I write with a grain of salt, and hold me accountable for any mistakes you may catch. Also, full disclosure, I hold a net long position in GME, but my cost basis is very low, and I'm using money I can absolutely lose. My capital at risk and tolerance for risk generally is likely substantially different than yours.* + +So.. I mentioned possibly doing a 'post mortem' on my GME trade, and apparently that was in high demand. That being said, I'll call it an 'evolution' instead, as we still don't yet know what will happen next. + +Rather than going through a full narrative, I made a [crazy annotated chart](https://u.teknik.io/xg2HJ.PNG) to chronicle some of the key points in my trade decisions. + +Strangely enough, I think it might better convey how the week went from my perspective a little better than a full narrative. If you catch any inconsistencies between the chart, or my writing below, please point it out. It's very easy to ex post facto ascribe to yourself the benefit of 20/20 foresight and overlook mistakes you made at the time. + +I'll walk through my thought process for newer traders. Keep in mind I'm trading my hobby account, not a self-directed IRA, so the stakes are a lot lower and tolerance for risk is much higher: + +1. I would probably trace the initial origins of this trade for me back to November. I wasn't a genius like DFV finding GME at that point, but once the Pfizer and Moderna vaccine efficacy data came out, I decided to go rummaging through XRT (retail) and other unloved sectors for value that should rebound on the sector rotation to the 'reopening trade' given the nosebleed multiples in QQQ (the NASDAQ/big tech companies that dominated the market in 2020). Figured I'd mostly ride the SMH (semiconductor index) and a few other favorites while digging around. Looking at unloved sectors is the value/long term investor version of 'buy the dip' (typically the dip might last years, but I figured in this case the evolution would be much faster because it would be driven by progress against COVID). +2. ID'd GME for the short list because of an unusually regular pattern on the daily chart RSI. In hindsight I would probably attribute that to one of the hedge funds trying to stealthily unwind its short position veeeeery slowly, but GME being a dead corner of the market, it shows up in the data like a lighthouse beacon, in a channel upward just bouncing off RSI 70. Someone is gradually accumulating a big long position or covering a big short position. TJX's looks better, but valuation too high already (over-loved). +3. Deep dive DD, including DD from WSB just makes me think this is exactly what I've been looking for. Better buy in before it escapes completely. +4. Ok..it made some massive moves already, but with the bonus of the short interest anomaly this is too good.. and it comes with awesome memes--can't say no to the package deal. $38 (my first buy) is pretty good, but I'll write April $40 cash-secured puts to net me a better entry (or additional profit if they go unexercised). This is a common technique investors can use to get either a better entry than they otherwise could get, or some participation in the upside if the price runs away--I find it easier to do this than setting an aggressively low GTC limit buy and keeping my fingers crossed. +5. Digging deeper into the short squeeze thesis tells me it's practically mathematically guaranteed to go off any moment. I take off some cash-secured puts, liquidate a lot of the rest of my portfolio, etc. because if things get as crazy as I think they might, it's better to have almost nothing else in your portfolio to complicate matters. This is especially true as margin requirements start rising. +6. Volatility starts going crazy. You almost can't see it on the daily chart with the scaling of the 500+ peak, but if you focus on the 1/21 to 1/26 timeframe there were a few brutal Eiffel tower moves (parabolic up then down). All kinds of misinformation about what is going on starts flying. People start FOMOing into those moves only to despair out on the other side for a loss. Few if any seem to be willing to talk about the situation in a way that newer traders can understand. I start posting a bit here and there, just getting a feel for reddit. +7. On 1/25 I see a few heated discussions regarding whether the gap up over the weekend, then crash down that day in fact WAS the squeeze, and I try to jump in and correct the record a bit.. people are panicking out on the downside of that move because they're being told the squeeze is over. That motivates me to write my first article in the series. Don't finish it that evening, decide to finish it in the morning. It drops on this sub essentially as what we now know was the squeeze is achieving liftoff. +8. Looking at my posts from 1/25 to 1/29, I'm probably too tuned in to the hype, but tuning in to sentiment is important in sentiment-driven momentum trading. I do try to consistently try to warn new traders from FOMOing in, but that doesn't stop me from trying to help them understand what is going on. +9. One thing I've learned the hard way--don't carry a sentiment-driven momentum trading position through a weekend. That usually does not end well. +10. The weekend gives me time to step back and resume a more analytical approach and you may notice my writing style reflects that at that point. Looking back, I notice a lot of sloppiness and some outright errors in my realtime read of the situation. I try to point some of those out if I feel they might be material to others' trading decisions. +11. At this point I'm thinking the squeeze has been mostly squoze (but for a few 'technically it's still possible' type scenarios). I figure since so many of the regular readers/commentators on my posts are going to ride it, I'll keep a position on to ride it with them too. We'll see where we go from here! + +I actually did really well on the trade overall. Could have done much better had I just stuck to my trades rather than reading and writing on Reddit, but the numerous comments I've seen where I or other commentators in this sub were able to provide good, level-headed feedback and advice helped people make better decisions make it worthwhile to me. I guess it just bothered me too much to see the vacuum of real information and willingness of people to push their trade on others. I didn't see that kind of behavior in WSB even just the week prior when I first joined. + +Also, while it turned out very well, I have to be completely intellectually honest and admit that I could have lost it all too. This was a crazy volatile trade with more twists and turns and unexpected developments than I could have imagined, and that's even given that I actually believe it when I say that I don't know what will happen next. This is something anyone knowingly walking into this type of situation should realize and plan for. + +Each person has a different tolerance for risk, though I will say that while I was and am willing to take significant risks with my hobby trading account, I try to never take entirely irrational risks. I also actively put at risk a relatively small percent of even my hobby trading capital (\~20%). It may not seem like it, as you've seen my writing on a high volatility play, but my overall capital disposition is very conservative and low-risk/low-volatility in aggregate. It's because I know that most of it is safe that I can feel comfortable and controlled making very high risk plays. + +I've seen people put it all on the line and totally clutch trade big momentum--I wish I could, but I know that's not me. + +There are a few sayings that traders have as almost jokes, but with an undercurrent of dark humor in many cases: + +1. **Rule #1: never lose money.** From Warren Buffett, value investing legend. I'm a little more flexible with this for myself, and amend it to "always have a plan that guarantees you can never lose more money than you intended to put at risk." If you are in the red on this trade, realized or unrealized, don't feel bad--I'm very confident that most people are in the same boat. Try to think of it as tuition for one of the most intense, and hopefully intellectually productive seminars ever, held only once every decade or so. +2. **No one ever went bankrupt taking profit, or pigs get fat, hogs get slaughtered.** (counterpoint: tons of people have gone essentially bankrupt riding profits right back into the ground--particularly in climactic late bubble market action, like the dotcom bubble). To those of you feeling bad that you could have made more, be glad that you were in the green. It's something to celebrate. You traded a black swan event and came out ahead. +3. **Buy low, sell high.** MUCH harder to do consistently than it seems. Particularly if you initiate a [trade from FOMO](https://www.reddit.com/r/investing/comments/l5l413/gamestop_big_picture_the_short_singularity/gkyxdqv/?context=3). For those of you who did this, try to remember what that was like, and think of ways you can manage those emotions in the future, or ensure you never put yourself in a similar position if you'd rather not have to. Either approach will be healthier for both you and your wallet in the long run. + +Alright, this post is long enough as is. We'll see where the rocket takes us tomorrow. + +Good luck in the market! +As I understand, the role of Fannie Mae and Freddie Mac (both mortgage investors) is to buy mortgages from mortgage lenders (usually banks) and sell them in the secondary market after securitizing them as MBS (mortgage backed securities). They say by doing this, both these agencies help banks to regain the liquid cash quickly, which enables them to give mortgage loans for more customers. This apparently helps to sustain the liquidity in the housing market at a healthy level. Both Fannie Mae and Freddie Mac has been around nearly 50 years. + + +When I checked the case of India, I found out that there was no equivalents of Fannie Mae and Freddie Mac in India until recently in 2011, when the union budget proposed the setting up of a Mortgage Risk Guarantee Fund (MRGF). + +Why India didn't had her own Fannie Mae and Freddie Mac earlier? Why the Indian mortgage lenders (banks) didn't face the liquidity issue that US banks faced, which made them depend on Fannie Mae and Freddie Mac? +[neha0103](http://mmb.moneycontrol.com/neha0103-user-profile-6134616d726974617665726d.html): There are no interviews about her on the internet, not a single social media profile which seems to correspond to her profile. Claims to make 15000 - 20000 bucks every trading session. She will always give her buy price at the bottom most level possible at that time, and sell price at highest price possible. Which begs the question, how did she manage to gauge and buy at the lowest level possible? + +[Arvind151](http://mmb.moneycontrol.com/arvind151-user-profile-617276696e64313531.html): Has social media presence, albeit uses the same profile picture everywhere. No credible news source has interviewed him. Deceives people in the name of his "money rain" concept. It seems to me that he makes a lot of comments on every stock possible and reposts the ones that turned out to be successful. + +[DebtFree](http://mmb.moneycontrol.com/debtfree-user-profile-696e766573746f727370.html): Same strategy as arvind bajaj, although for trading as well. Comments a lot, and reposts the one that were successful. + + + +Why am I posting this? Because it seems that any gullible person can fall for their get rich quick schemes and lose out their hard earned money in process. I have always wondered that if they're very successful, why aren't they known more commonly amongst the investor community? Clearly all of them are fake, and more people should be aware about it. +Hi all, + +A regular reader on this sub here finally makes his first post. This post might be helpful for anyone who wants to buy a health policy but doesn't know where to start. This is my attempt to help anyone get started. + +I'm in my early twenties, started working two years back. I'm covered with a Group Health Policy of 3L from my employer already, which includes my parents as well. Thanks to all the discussions on this forum already, I learned I should also have a separate HP apart from my employer. + +I started looking about two days back (better late than never), first by going through all the posts on [r/IndiaInvestments](https://www.reddit.com/r/IndiaInvestments) and [r/india](https://www.reddit.com/r/india), which had any kind of discussions regarding the subject. Owing to which, I learned about the crucial points to look for while looking for a policy (I'll list the steps below based upon which I decided my final contender). + +1. There were some very informative articles on this sub that you must go through before starting on your hunt. The most important criteria that you must look for are: + 1. 0% Co-pay ( you won't be paying anything in your claim and all the **eligible** expenses would be borne by the insurer ) + 2. No room rent limit (detailed related article [here](https://www.reddit.com/r/IndiaInvestments/comments/2h3r0a/how_to_buy_a_health_insurance_policy_steps_and/)), avoided single private standard A/C too ([article](https://www.coverfox.com/health-insurance/articles/room-rent-limit-in-health-insurance/)) + 3. No maternity cover, dental/vision cover. It can be handled by yourself. + 4. Least waiting period for pre-existing disease (for parents). Waiting period weightage could be less for you if you're young and looking for yourself. +2. I used [coverfox.com](https://coverfox.com) (I personally loved this platform), [policybazaar.com,](https://policybazaar.com) and [insurancedekho.com](https://insurancedekho.com/) to compare and shortlist policies. Coverfox doesn't have updated network hospitals in my hometown for each policy, so-referred individual companies for the same. +3. I also referred **MSMR** (*Mint SecureNow Mediclaim Ratings*) on Livemint which rates different HPs from different companies based upon some criteria they've mentioned in detail. +[MSMR (2019) edition](https://securenow.in/specials/mint-securenow-mediclaim-ratings-insurance) +[MSMR (2018) edition](https://www.livemint.com/mintmediratings2018) +4. For past data of the insurers for CSR (Claims Settlement Ratio), Claims Settlement Efficiency Ratio, etc I referred a MoneyControl article [here](https://www.moneycontrol.com/news/business/companies/highest-claims-settlement-record-is-your-insurer-on-this-list-4827211.html). +5. Then after steps 1, 2, 3, and 4. I looked at the different network hospitals in my hometown. The hospitals that I looked for were the prominent ones in my hometown. +6. Then I went through each shortlisted policy's detailed brochure directly from their website. + +My dad (55 years) has mild hypertension (controls it by taking pills)Mom (48 years) has thyroid and slip-disc + +Since we're already covered with 3L health insurance, thinking of starting with a health cover of 5L and maybe increasing the premium later on either in GHP or this one (also they're residing in a tier-2 city). I also have a younger brother of 19 years, who'll be operated for hernia this year probably. I read that premium in a family floater plan depends upon the maximum age of the insured and that this operation can't be claimed if we get a policy now, made sense to get him a different HP altogether, maybe a student one if it exists. Also, opting for a policy with OPD cover also didn't make any sense, taking into consideration the value for money and the fact that my dad gets free consultations in railway hospitals (officer in Indian Railways). + +After taking all of these things into consideration and 2 sleepless nights (pats on the back), I selected [**HDFC Ergo my:health Suraksha Insurance - Silver Smart Plan**](https://www.hdfcergo.com/health-insurance/my-health-suraksha-silver-smart). [Policy brochure](https://www.hdfcergo.com/documents/downloads/Brochures/myhealth-Suraksha-Brochure-2019-with-UID.pdf) + +Here are it's salient features: + +* Copay : 0% +* Room rent: No limit on room rent (preferred with a higher premium on no limit rather than going with single standard A/C for peace of mind) +* Waiting period: 3 years +* Restore benefit +* Free Health Check-up every year +* Renewal Bonus: 10.0% +* Pre/Post-hospitalisation Cover +* In-house Ayurveda/Homeopathy: up to 5L + +Annual premium (including taxes) checked on the [HDFC website](https://www.hdfcergo.com/OnlineProducts/HealthSurakshaOnline/HSP-CIP/HSPCalculatePremium.aspx) (tier-2 city): Rs. **23709** + +Annual premium next year onwards (got from Coverfox): Rs. **27666** + +I haven't made the final payments yet, will go through the documents again, talk to their customer care to cross-check if I missed out on anything, and take this **subs' valuable opinion**. Please let me know about your thoughts, willing to hear from you guys! + +P.S. A couple of reasons I didn't go with some insurers: + +1. Star Comprehensive: Extra things which I didn't require and more waiting period, also a limit on room rent to single standard A/C +2. Max Bupa: Unavailability of prominent network hospitals +3. ICICI Lombard: Higher premium and less number of network hospitals as compared to HDFC +4. Royal Sundaram: Unable to find network hospitals in my hometown, left out of frustration +5. Bajaj Allianz Health Ensure: No room rent limit with maternity (no need) - only in the Gold plan +6. ManipalCigna Health Insurance: Didn't check in detail, it said about a limit on a room to single standard A/C + +After this is sorted, need to figure out health as well as term insurance for myself as well. xD +I was thinking of adding gold to my portfolio since December-January. However, I did not know what is the best way of buying gold and hence delayed buying it. + +I finally decided to buy gold of Kuvera - because of the ease with which I could buy it. However, I feel that it wasnt the best decision- + +1) They charge 3% GST on buyin gold. + +2) The selling rate is Rs. 150 less than the buying rate. + +Considering all this, you are 4.5% in loss on a investment of 10,000. + +I dont think I am going to invest in gold via kuvera again. +Bought a few dozen shares of IRCTC at 900 levels with a long term target of 2000. +Just trying to see if how folks here decide when to sell a stock? +Would you sell it once the target is hit or would you try and re-evaluate if the target is relevant? +Any insights on the selling bit would be appreciated. +Most of them uses free float market cap or total market cap. What are the alternate ways to create an index which closely resembles the Indian economic scenario? 1 could be keeping upward sector cap by contribution to GDP. Like if banking and financial sectors GDP contribution is 30 percent. Weightage should not exceed 30 percent in the new index. + I've noticed a lot of backlash against it recently. I mean, I understand that most of it are Work-To-Earn rather than "Play-To-Earn". Are there really no "games" that you have enjoyed or that you are looking forward to playing when they are released? There are numerous games available, with more on the way. Do you hate all of them?... +# UNITED STATES + +* **Futures** are pointing to a sharply lower opening this morning +* The **Santa rally** showed up in a big way with Dow Jones climbing over 1,000 points -- its highest single-day gain +* Google has launched a service to help veterans find civilian jobs based on their military experience (if you're a veteran interested in the service (https://grow.google/programs/veterans-commitment) +* Hundreds of thousands of workers will stay home today as the **government shutdown** enters day 6 and the publication of much **economic data** will be on hold during the shutdown + +### OTHER + +* **Thailand** has approved plans to legalize **medical marijuana**, it should become law this year +* **Israel** approved a law to allow the export of **medical marijuana**  +* After a 30 year hiatus, **Japan** will resume **commercial whaling** in 2019 + +### CHINA + +* For the first time since 2015 **industrial profits** have fallen +* Chinese e-commerce site **JD.com** announced a $1bn share buyback program +I've seen a LOT of speculation on multiple subreddits about RC's current involvement in BBBY. Some of the most common (and I believe, misguided) is the speculation that he intends to use GME to acquire BBBY. I believe that this narrative is copium for BBBY holders (of which I am one), and low-key FUD for GME holders. + +&#x200B; + +Here's my Saturday morning opinion dump for anyone who cares to read it. + +&#x200B; + +**RC and BBBY** + +While RC's main focus is his working as Chairman of the Board with GME, he is also a venture capitalist with a ton of good business sense and a massive pile of capital. I truly believe that BBBY was a side quest for him. He saw a profitable company (BABY) wrapped up inside a dying company (BBBY) run by corrupt executives who were bilking the shareholders for cash while letting their investment burn to the ground. + +&#x200B; + +I truly believe that RC has a love for good businesses, and good business practices. These values were instilled in him by his father. He saw an opportunity to rescue a decent business with a lot of potential, so he used some of his capital and connections to do a good thing. His letter to the board suggested spinning BABY off or selling it. He may or may not have been involved with the entity that would have purchased it. I admit that when the news came out that he had sold his position in BBBY, I bought the narrative that it was because he was involved in whatever entity would be purchasing BABY, and he had to sell his stake in order to avoid a conflict of interest. + +&#x200B; + +However, when BBBY released their [August 18th 8k](https://bedbathandbeyond.gcs-web.com/node/16356/html) there was some wording that made me wonder if RC was still truly involved. + +&#x200B; + +From the 8K: + +*"We* ***were*** *pleased to have reached a constructive agreement with RC Ventures in March* *and* ***are*** *committed to maximizing value for all shareholders. We are continuing to execute on our priorities to enhance liquidity, make strategic changes and improve operations to win back customers, and drive cost efficiencies; all to restore our company to its heritage as the best destination for the home, for all stakeholders."* + +&#x200B; + +Something about the use of the past tense "We **were** pleased to have reached a constructive agreement with RC Ventures in March" stood out to me. This reads as if they had reached some kind of agreement in March (no specifics about what was actually agreed upon), but nothing about any agreement moving forward. + +&#x200B; + +I tried to shrug it off, but it did eat at me for a while. However, I decided to wait and see what they would reveal in their August 31 statement. + +&#x200B; + +The statement on August 31 made it very clear that BBBY intends to retain the BABY banner. Meaning, they are not doing what RC suggested in his letter that they do. Which, I believe was his only reason for taking a position and cleaning up the board to begin with. + +&#x200B; + +It is is my non-professional opinion that Ryan Cohen, being a lover of good business and delighting customers, saw an opportunity to make another business great. Being the business king that he is, he knew that he couldn't do it himself while focusing on GameStop, so he sent some trusted professionals to attempt to implement his plan. Ultimately, BBBY opted to retain the more profitable arm of their company and try to turn the whole thing around. RC's plan was ultimately not embraced, so he exited his position and moved on. + +&#x200B; + +**GME and BBBY** + +I have seen a LOT of speculation about GME acquiring BBBY. Most of that speculation has to do with people daydreaming about RC coming for Jeff Bezos by beating him at his own game. While I think that's not necessarily out of the realm of possibilities, I honestly don't believe that they would start diversifying in to other niche businesses this early on. + +&#x200B; + +RC and the entire board at GME have been hard at work and hyper focused on turning the once-dying brick and mortar company in to a massive tech giant. I truly believe that once their intended transformation is complete, they will revolutionize the digital space in ways that most people today cannot comprehend. The potential for NFT and blockchain technology to touch and benefit almost every space in our economy is enormous. This is a huge undertaking, and I believe that GME is up to the task. But it is going to take a lot of time, effort, and money to make this happen. + +&#x200B; + +I am old enough to remember when Amazon was just books. Literally just. books. They sold books and only books for YEARS, while establishing themselves as a household name. Eventually, they began to add CD's and such. The rest is history. But they started with a singular focus and didn't branch out until they had been successful with just books. + +&#x200B; + +GME also has a lot of artificially bad PR to contend with. MSM has been working around the clock for almost two years to make not just the stock, but the entire company look like a joke. Despite fantastic fundamentals, MSM still insists on labeling GME a "meme stock". That doesn't affect those of us who are loyal shareholders. We know that GME is a fantastically undervalued company with amazing growth potential, no matter what label the media slaps on it. But in order to grow in to the giant tech company they intend to become, they have to win the hearts of more than just the apes. + +&#x200B; + +They also have to work against the "NFTs are just overpriced JPEGs" narrative. They don't have to work too hard, because their product will prove itself once it is implemented to scale. But currently, social sentiment around GameStop is that it is a junk company with a junk stock. The average person doesn't understand what is going on behind the scenes, and they believe whatever MSM tells them. + +&#x200B; + +I believe that acquiring a completely unrelated company (home goods OR baby products) at this stage of GME's company turnaround would be too costly, too far-fetched from the current business model they are building(at this stage of the game), and generate even more negative sentiment from the media if they attach themselves to another actual "meme stock". + +&#x200B; + +GME doesn't need BBBY. GME doesn't need BABY. If they were truly trying to build an empire to rival Amazon, would they not also need to go back and get Chewy back from Petsmart? + +&#x200B; + +No. I believe that RC's primary focus is turning GME in to a tech giant. He doesn't need to come for Amazon, because GME will eclipse Amazon one day without buying up other stores. + +&#x200B; + +RC just saw an opportunity to make a business better, and he decided to use his smarts and his cash to take a stab at it. It just didn't work out. + +&#x200B; + +I still believe that BBBY has decent squeeze potential. I still hold a position for now. But I don't believe that RC is involved anymore. + +&#x200B; + +Enjoy your weekend, everyone. And always, BUY, HOLD, DRS. +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. +Would you rather work for 52k a year at a job that matches 401k up to 4% or 60k at a company that doesn’t match, is a farther commute but has a better job title +I’m not sure if this is the correct place but I wanted your guys’ opinion. So I tried to deposit 325 in my bank atm today and it only took 324 and returned the 1 dollar bill it couldn’t read. It then asked if I wanted to deposit the items again(I said yes) then it replied I’m sorry this atm doesn’t take mixed deposits. Never printed a receipt for the 324 deposit and I checked my bank account and it’s not there. I then proceeded to deposit the $1 and it deposited fine and even posted to the account and printed a receipt. My question is what do I do since it’s The Weekend and I can’t get ahold of them +aka is it worth holding out on purchasing anything for the time being? + +Also how brutal do you expect the recession to be? + +(I realise the irony that this sort of fear mongering and speculation is self fulfilling too) +Long story short: I ran an unlicensed marijuana dispensary and ended up getting busted. Charged with 100lbs. Hired a good lawyer, was able to plead down my case and ended up doing 48 days in county and two months probation. + +About ten months left of probation. + +Wife is in law school, one year left then bar exam. + +Have about 30k in savings + +I work full time for a custom home builder for $17.5hr. Been there for almost one year. + +Job isn’t to bad, just not very rewarding and I don’t see much room to move up financially (there’s 2 people in the company minus the two owners). Based on what I do, I don’t see them paying me much more then what I currently make. Main reason I stay is they are flexible with my hours, there are two-three days a week I have to be home at 3pm to get my sons off the bus while wife is at school. + +I’m 32. Very reliable, on time, work my ass off, common sense, trainable. I have never been fired from a job ever. If you met me, you would never guess in a million years I have a record or did two months in jail a year ago. + +Obviously with my record it’s been hard to find work. Only reason I have my current job, they never asked or ran my background. I interviewed several places before this, hired me, then couldn’t hire me once background check came back. + +My question: What could I do to obtain a real job, 50k+? I live in Chicago Burbs. Most of my previous jobs I got lucky through friends, but now that I have a record it seems no one wants to put there neck out for me, understandably. + +I look online for jobs but never really seem to find anything that fits my strengths or when I do reach out never hear back. Never really obtained a real job organically. I currently don’t make enough to pay the bills until my wife is a working attorney and feeling the pressure to provide for my family, but my precious mistake is costing me more then I anticipated. +I am looking to gather data or confirm data on several tokens in regards to their utility. What will the token be used for? What benefit does the token holder gain when buying the token? What is the function of the token? + +I will provide "tips" anywhere from $3-$10 in regards to this information. I am looking for **only ERC-20** token utility. Including a reputable source will help or source from whitepaper (please specify what page and paragraph). **Since I do not have unlimited funds, so I will not be able to pay all.** Information will have to be validated by others or I'll look at upvotes later on. + + +Here is an example (those examples are simple; **you don't have to follow this format**): + +**E.g1. Dice tokens (DICE)**- token is used as a mean to pay dividends, token holders receive dividends in ETH from the game's profit. + +"When you purchase ÐICE tokens you own a portion of the bankroll, proportional to the amount of ÐICE tokens you hold." - What is the DICE token? + +Source: https://etheroll.com/#tab6 + + +**E.g.2. Aventus (AVT)**- used by event organizers as a deposit to create an event, used for voting for an event; voters receive a % of deposit (form of staking to build consensus). Token holders also receive a % of secondary market fees (if tickets get resold). + +Source: https://gyazo.com/6b70791fefe4b877291fe74dd171b2a0 + +Source 2: Whitepaper page 9 under heading "purpose", but also scattered through-out from page 9 til almost the end. + +https://www.aventus.io/doc/whitepaper.pdf + +Co-founder on discord & Whitepaper states the same. + + + +**Correcting people might get you tipped as well** + + + +I will provide a list with **some** of the tokens I am looking to fill or verify. My list is extremely long, so I will not type all of it, but **feel free to include any ERC-20 token**. + +1.ANT (Aragon) + +2.LINK (Chainlink) + +3.FUN (Funfair) + +4.PAY (TENX) + +5.REP (Augur) + +6.GNO (GNOSIS) + +7.BAT (Basic Attention Token) + +8.ICN (Iconomi) + +9.STORJ (Storj) + +10.MCO (Monaco) + +11.ENG (Enigma) + +12.1st (First blood) + +13.DGD (DigixDAO) + +14.OMG (OmiseGO) + +15.AION (Aion) + +16.DAY (Chronological) + +17.LUN (Lunyr) + +18.LRC (Loopring) + +19.MTH (Monetha) + +20.MSP (Mothership) + +21.PTOY (Patientory) + +**Again feel free to include any ERC-20 token**. + +Tipping will be in ETH using tipping bot. + +**How to check if a token is ERC-20 token?** + +1. Click on here: https://coinmarketcap.com/tokens/views/all/ +2. Look for platform<ethereum +3. Those are ERC-20 tokens + + +**If you've been tipped once, there's a less % you'll be tipped next time; this is to encourage others to contribute**. + +Summary: + +**How can I potentially earn a tip?** + + +1. Provide an ERC-20 token's utility (make sure to provide a source and where exactly within the source). +2. Correct misinformation + + +Repeat: I will NOT be able to provide everybody with tips since I don't have unlimited funds. + +**Edit**: Please specify where you found the information including a possible page number, paragraph, under what title, etc. + +#Introduction: + +Outperforming the market is relatively easy: + +Just buy a random cheap shitcoin, see it grow +500 % and you have outperformed the market within two weeks. Congrats! + +This may work for traders but for the long-term investors among us (including myself), this isn't an option. + +We want a selection of multiple coins with strong fundamentals that we can **safely tuck away for months, sometimes years even.** + +In this regard, + +I wrote my yearly "[Investment advice from /u/Nooku (end of 2017 edition)](https://www.reddit.com/r/ethtrader/comments/7gig38/investment_advice_from_unooku_end_of_2017_edition/)" of which I'll now do a first mid-term review on how we've been doing. + +Let's get right into it. + +#Mid-term Results + +The picks were selected on the 30th of November 2017. + +Global coin market cap was at $304 billion. Right now, it's $702 billion. That is **+131 %**. + +Ideally, we want our portfolio to perform better than +131 % making us outperforming the market with solid long term investments. + +#How did we do? + +**BAT ($0.15)** ==> $0.76 : **+407 %** + +**GNT ($0.26)** ==> $0.89 : **+242 %** + +**DATA ($0.11)** ==> $0.27 : **+145 %** + +**ETH ($445.85)** ==> $1235.86 : **+177 %** + +**RLC ($0.50)** ==> $4.93 : **+886 %** + + +**OMG ($8.16)** ==> $22.14 : **+171 %** + +**ANT ($1.80)** ==> $6.18 : **+243 %** + +#Total + +Our portfolio of coins went up by an average of **+325 %** + +#Conclusion + + + +I can happily conclude that **every single pick** has outperformed the market, + +and our **total average performance currently clocks** at **+325 %** which means we've **outperformed** the current bull market with a factor of **2.50** + +To everyone who upvoted my initial topic and took the advice seriously, thank you for your trust and congrats on your performance. + +#Future + +As I indicated in the introduction, + +we aren't trading and this is a long-term investment portfolio, so there is no need to take any profits off the table after only 1.5 months in. Of course, profit taking never hurts if you would feel inclined to. + +If you are interested in rebelancing your portfolio, I would suggest to top up some more on DATA (StreamR) since it's the youngest project of them all (hence the "worst" performer), while I consider it to be an important fundamental corner stone of the Ethereum network, bringing realtime data streaming to the Ethereum protocol. Something we will definetely need! + + +Ahead of the new £100 contactless limit being rolled out nationally from Friday, I've just seen that Starling bank have launched a feature that enables you to set your own contactless limit. + +To my knowledge, they are one of the first UK banks to offer this (alongside Lloyds and Halifax). I know Starling is popular in this community, so more details [here](https://www.starlingbank.com/blog/new-contactless-payment-limit). +Guten Tag to this global band of Apes! 👋🦍 + +Apes, this week has solidified my confidence that we are headed directly into market conditions that bring on the MOASS, and also that this group of Apes has the Diamantenhände that will ensure it is an event that changes the world. Many of us entered into this investment as a way to make some quick money, or at least what we thought would be quick money. FOMO and emotions drove many of our investment choices, with elation quickly replaced by anger when they disabled the Buy button and shorted away the momentum of the Sneeze. Many of us lingered and continued to 'buy the dip', all the while developing a better understanding of the forces we were up against and the tactics they were using against us. + +They weren't able to shake our sense that something was still amiss, and during those months Ryan Cohen and the GameStop leadership team began to inspire us with a better vision for the future. They expertly utilized a share sale to ensure the future of the company, and set a long-term course toward a much stronger future. This company is led by true believers in the mission, and is supported by shareholders who believe in that vision as well as the people who are tasked with implementing it. We support them by compensating them with the very same things that have united us - ownership of this great company. + +As the markets continue to adjust to cheap money drying up, let's be thankful that GameStop leadership had the foresight to build the warchest they'd need to weather these times. Many companies are going to have difficulty as borrowing money becomes more difficult. We can expect a long series of articles about hedge funds shuttering and companies going bust, but I couldn't be more secure in how I've invested my funds. + +Today is Friday, June 17th, 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: **$125.81 / 120,97 €** *(volume: 1132)* +- 🟩 115 minutes in: $125.81 / 120,97 € *(volume: 1127)* +- 🟩 110 minutes in: $125.76 / 120,92 € *(volume: 1124)* +- 🟥 105 minutes in: $125.21 / 120,39 € *(volume: 806)* +- 🟥 100 minutes in: $125.22 / 120,41 € *(volume: 806)* +- 🟥 95 minutes in: $125.25 / 120,43 € *(volume: 659)* +- 🟥 90 minutes in: $125.61 / 120,78 € *(volume: 616)* +- 🟩 85 minutes in: $125.75 / 120,91 € *(volume: 591)* +- 🟩 80 minutes in: $125.62 / 120,78 € *(volume: 568)* +- 🟩 75 minutes in: $124.88 / 120,08 € *(volume: 538)* +- 🟥 70 minutes in: $124.84 / 120,03 € *(volume: 538)* +- 🟥 65 minutes in: $125.12 / 120,31 € *(volume: 353)* +- 🟩 60 minutes in: $125.31 / 120,49 € *(volume: 352)* +- 🟥 55 minutes in: $125.29 / 120,47 € *(volume: 350)* +- 🟩 50 minutes in: $125.39 / 120,56 € *(volume: 225)* +- 🟥 45 minutes in: $125.30 / 120,49 € *(volume: 147)* +- 🟩 40 minutes in: $125.32 / 120,50 € *(volume: 147)* +- 🟥 35 minutes in: $125.21 / 120,39 € *(volume: 126)* +- 🟩 30 minutes in: $125.26 / 120,44 € *(volume: 121)* +- 🟥 25 minutes in: $125.10 / 120,29 € *(volume: 120)* +- 🟩 20 minutes in: $125.13 / 120,31 € *(volume: 120)* +- 🟥 15 minutes in: $125.03 / 120,22 € *(volume: 120)* +- 🟥 10 minutes in: $125.08 / 120,27 € *(volume: 120)* +- 🟥 5 minutes in: $125.18 / 120,36 € *(volume: 114)* +- 🟥 0 minutes in: $125.29 / 120,47 € *(volume: 114)* +- 🟥 US close price: $125.73 / 120,89 € *($126.00 / 121,15 € 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 1.04. 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! +It’s now been 3 years since I FIRE’d and time for my annual update. As usual, I’ve got a TL;DR at the top, but encourage you to read the post for a more detailed view. + +# TL;DR + +* 38/M SINK renting in the SF Bay Area, formerly in IT Consulting and FIRE'd in January 2019 with $1.1M +* Net worth increased in 2021 from $1.61M to $1.90M (as of January 1st) +* Bought my first car, a new 2021 Hyundai Kona SEL +* Spent $25,500 out of $33,600 budget which is 1.34% WR actual and 1.77% WR at planned expenses - this doesn't include the car I bought or taxes (see details for rationale) +* Spent 105 nights away from home on road trips, visiting family, and other fun stuff +* Volunteered at a queer summer camp and guided an 11 day backpacking trip for queer youth +* For further background, check out my original post and 2 updates: [FIRE Post](https://www.reddit.com/r/financialindependence/comments/adj08l/35_11m_luck_stumbles_dedication_and_thrift_an_11/), [Year 1 Update](https://www.reddit.com/r/financialindependence/comments/f261kn/update_1_year_in_and_loving_it_35_11m_luck/), [Year 2 Update](https://www.reddit.com/r/financialindependence/comments/kwgb0v/year_2_fire_update_corona2020_edition_35_11m_luck/) + +The next three sections are broke into Finances, FIRE'd Life, and 2021 Highlights and 2022 Plans. + +# Finances + +**Income** + +* Dividends in Taxable Accounts: $16.5K +* Long Term Capital Gains: $11K +* IRA to Roth IRA conversion: $2.5K + +To keep my income within my projected range for ACA subsidies, I reduced my Roth IRA conversion, but plan to max the standard deduction in 2022 and onward. + +**Taxable Account Optimization** + +When doing my 2020 taxes, I noticed that there was a tax drag of $500/year from the bonds in my taxable account, so I sold VBTLX from my taxable account which caused $11K of LTCG. + +I kept some cash from the sale, but the rest went into VTSAX. I didn't end up rebalancing anything in my retirement funds because I'm at a very low withdrawal rate and decided to keep a higher proportion of equities. + +**Tax Mistake and Future Tax Planning** + +2020 was my first year of doing conversions, and I messed up because I was sloppy. I had planned to do it quarterly, but only did it the first quarter, and then totally forgot about the previously converted amount and converted the full planned amount in December which led me to be $3000 over my planned amount. This led to a $550 excess payment for my ACA premiums (which eventually got refunded because of the American Rescue Plan Act of 2021) along with an extra $350 Federal and State taxes. + +Last year federal and state taxes were about $1700 with $550 of that being a ACA penalty, but planning better, getting my conversions right, and removing the bond tax drag, my estimated tax for 2021 should be around Federal: $0, State $450. + +**Dodging a $30K Tax Cannon** + +Luckily I chose to use underlying funds instead of Target Date Retirement Funds in my taxable, not becauseI had great foresight, but because I wanted to save the expense ratio cost. [Read what happened at the end of 2021 to Target Date Retirement Funds](https://www.reddit.com/r/financialindependence/comments/rsidow/vanguard_target_date_funds_dropped_as_much_as_14/). + +If in my taxable accounts, I had been in VFORX instead of a mix of VTSAX and VTIAX, **I would have generated $195K of capital gains and about $30K in taxes that I had not planned for.** Not only is it a ton of taxes that I hadn't planned for (15% tax rate instead of 0% tax rate), but it also would have caused me to lose all my ACA subsidies but also pay ACA, Federal, and State penalties. + +*Lesson Learned -* Be careful about having anything besides underlying funds in your taxable accounts. The underlying funds aren't immune to unexpected distributions/capital gains (as I'm writing this, VTSAX has 56% of its NAV unrealized gains), but it is certainly less likely than with a "fund of funds" whether they are active or passively rebalance. I am considering converting my VTSAX into VTI and it'll be something I'll look into before the end of 2022 + +*Do you think there is enough of a risk in VTSAX in my taxable account to justify converting it into VTI?* + +**Expenses** + +[Table of 2021 Actual and Planned Expenses](https://imgur.com/a/167WUvv) + +Notes: + +* Monthly food costs were in the $200-$250 range during the depths of the pandemic, but went up to pre-pandemic levels of $500-$700 with going out more often with friends, spending on friends who have less, etc +* Rent - Yes, that is my rent in the Bay Area. I live in a 2BR with a roommate and it is an older 1970's apartment that isn't in the city. If I lived in a newer unit, lived by myself, and/or lived in SF proper, I would be paying more, but I made consciouschoices to not do so. +* Taxes aren't included in the expenses - I never tracked taxes as expenses in my earning years and for consistency of tracking purposes keep them separate +* The table above doesn't count the purchase of my new car. I think of it similar to "One Time Cost" similar to corporate accounting practices so I didn't include it in my yearly expense and instead call it out separately since I likely will have this car for at least 5-10 years. Insurance, maintenance, registration, repairs, gas, tolls, parking, etc. have been included in my costs this year and going forward. +* Health Insurance - See below for details on health care expenses + +**Baby You Can Drive My Car** + +I've really never owned a car in my life (relying on biking, transit, taxis/Lyft, rental cars). But with rental car prices going through the roof and wanting to do some more domestic travel while COVID safety measures were in place, I decided to get a car. I bought it after only 2 weeks of research which for a purchase of this size and my historical analysis paralysis, is remarkably fast. The frugal side of me told me to look at slightly used cars, but with supply chain issues, and distortions in the car market, the right decision was to buy new and I bought a brand new 2021 Hyundai Kona SEL in April 2021, right before the car market started to get real bad. The car was $19K before taxes/fees and $21.5K after everything. It was taxed/assessed at $24K and I got a $3500 MFG rebate and $1600 off the sticker price. + +I still mostly bike around town, and only use the cars for longer trips or when there is inclement weather where biking wouldn't be enjoyable. It has removed some friction for some trips I wouldn't have taken otherwise so overall it has been a net positive but also hasn't made me reliant on the car. + +**Healthcare** + +Have a specific section for this, because people always have lots of questions and/or are skeptical on how ACA can be used while RE. I continued with the Silver 73 CSR HMO plan in my area which was $36/month for 2021 with an AGI of $30K. The total net premium cost for 2021 was $280 after my premium dropped to $1 for a lot of the year because of various relief legislation. In 2022, the premium went up to $78/month for 2022. + +NOTE: The health insurance premiums didn't doubled, just my portion. For 2020/2021/2022, the monthly premium before subsidy was $450/$470/490 with roughly the same subsidy across all years. Given the trend, it looks like the increases remain reasonable. If they do get excessively high, I have flexibility with my conversion/withdrawal strategy to control my AGI, but given that I'm at a 1.8% withdrawal rate for my budget, I've got plenty of wiggle room so I'm not too concerned even if it does jump a lot more. + +# FIRE'd Life + +**Overall** + +I am still very much enjoying FIRE'd life. A few former colleagues have asked me if I was interested in a consulting/full time gig in my previous field. I contemplated it for about 1.3 seconds before I politely declined. + +My biggest "FIRE-world problem" is finding friends that have as much time as me. As I mentioned in previous posts, I try to do things on my own during the weekday mornings/afternoons and then leave the remaining time to be flexible and meet up with friends. But it would still be nice to have people who have more time than those who are working 9-5 and so I decided to look online to meet like-minded people. + +**FIRE Dating** + +I signed up for the [Fire Dating](https://firedating.me/) website, not really expecting much out of it. I met a great guy who I've been seeing regularly and met a boardgamer that I've had over a few times for board game nights. I've also been chatting with some others who are already FIRE'd and hope to meet up with them in the future. + +**Retirement Transparency** + +I've started to be more open to telling people about the fact that I'm FIRE. It doesn't take a genius to figure out "hungn3 hasn't worked in over 3 years, I wonder what's going on". I had the cover of the pandemic for a bit, but I think it is one of those things where I need to be more upfront with people, but still be sensitive to how/what I tell people in different socio-economic environments. + +So far the reaction has been generally positive, with no reactions in the "negative" category. Most often it is "oh, you don't think you'll ever go back to work?" type of questions. + +**Life Events** + +My roommate moved out while I was out of the state and volunteering on a backpacking trip. I considered very briefly living alone in the entire 2BR, but that would be an extra $11K/year. With the amount of time I'm away traveling, volunteering, or doing whatever else, it made zero sense to pay more for the amount that I use it. I tallied up how many nights in 2021 I didn't spend at home, and it was 105 (this is despite not doing any travel for the first four months of the year while I was waiting for my vaccine). I expect that my time away from home will be a lot more than 105 nights in 2022. + +I was luckily able to find another roommate pretty quickly with a friend who wanted to save on housing costs by moving out of his 1BR and it's worked out nicely for the both of us. + +**Hobbies** + +* Played a lot of board games on Tabletop Simulator, but also started hosting board game nights again after being vaccinated. Logged 324 plays across 56 unique games with Spirit Island being my most played with 92 plays. +* Learned how to cross stitch and "play" the guitar (I'm still pretty bad) +* Went back to the theaters starting in August when they reopened and saw 15 movies in theaters. It is such a joy to watch things on the big screen again, especially in a true IMAX theater. +* Started doing indoor gym climbing and doing more outdoor climbing, but still need to do a lot to get back to pre-pandemic fitness + +**Volunteering** + +* Volunteered at a queer summer camp for 1 session (10 days) +* Guided a backpacking trip for queer youth - I could have been paid \~$110/day for this, but I declined and told them to keep it for youth scholarships (11 day trip + 3 days of prep) +* Volunteered for Inspiring Connections Outdoors (2 days) +* Served on the Board of Directors at a queer summer camp + +# 2021 Highlights and 2022 Plans + +**2021** + +* Saw my sister for the first time in 2.5 years and met her kid (first time uncle!) +* Was called "such a good role model for queer youth" by Rebecca Sugar <swoons> (this happened via a friend who spent time with her and told her about my queer summer camp work) +* Ate a bean and cheese burrito with green chile at Al and Bea's in Los Angeles +* Won multiple Ascension 20 Heart Run with Ironclad in Slay the Spire +* Learned to cross stich and made this [Climbing Chalk Bag](https://www.reddit.com/r/celestegame/comments/mmzrmd/crossstiched_celeste_onto_a_rock_climbing_chalk/). +* Took a 10 day car-camping road trip to Joshua Tree, Death Valley, and Pinnacles +* Volunteered at a queer youth Summer Camp and led an 11 day queer youth backpacking trip + +**2022 Travel Plans** + +* East coast roadtrip for \~3 weeks +* Brazil for \~6 weeks +* Summer camp for 2 months +* Lots more of climbing/camping trips + +**2022 Goals** + +* Shift my previous goal of visiting all national parks. I still want to get outside more and visit national parks, but I'm not going to do it simply to get things checked off the list. +* Climb outdoors >20 days and get more comfortable leading sport routes +* Spend more money. After a few years of low spending, mostly because of COVID, I want to try and enjoy as much as possible (COVID permitting). + +Hope you enjoyed my post and feel free to ask any questions in the comments below! :-) +Ryan has a verified youtube channel with 4 youtube videos, all interviews.. These videos give us a rare view of his perspective and philosophies. I have rewatched these videos and everytime it validates my belief in his vision and gamestop. Sure we all enjoy him and the memes. But we really do have a chairman who cares about his customers and shareholders. He is a genuine human and these 4 videos are evident not only he cares, but he knows EXACTLY what he is doing in the consumer sector. + +For your tinfoil bias needs these 4 videos are the only ones uploaded, 3 on June 27 2019, 1 on August 13 2019. Not a single video since. Description of the videos provide additional tit jacking. No way this has been in the works since 2019 has it? RC's letter to gamestop board was NOV 2020. A full year later. + +Either search for Ryan Cohen on youtube for his verified channel or link below. + +https://youtube.com/channel/UCCO3cB9Slo6P2ZFpEofztaA + +Obligatory - Buy hold DRS +Hey guys, I just got laid off from my job making 110k/year. Sole earner for family, wife, 3 kids. I have a little bit of runway to look for another job but I am looking for sound advice because I can't think straight right now and my wife is more hysterical than me. + +I have 150k mortgage on a 350k home, payments $1360/month. + +0 credit card debt, cars are paid off (older one worth ~3k and newer one worth ~25k), but I have 19k on a home equity loan with variable interest rate 4.25%. Min payment is interest only ~$70/month which is what I'm going to start paying now. + +What I've been averaging: +$600/month groceries +$300/month preschool fee (ends in May) +$190/month car insurance for 2 cars +$100/month phones +$150/month utilities +$100/month internet/TV/Netflix +$80/month gas +Another 200-300 miscellaneous (but will cut back on this stuff now) + +I have $14.5k cash and could burn through that money if I can't find a job in several months. I also have 90k in 401k that I can withdraw with the penalty if it gets really bad. So how crazy is it? I need phone/internet to look for a job. But do I pull my kid from preschool and go into hermit mode? Cancel TV and Netflix (which is only $10/month). Think about selling a car? Let the mortgage bank know and talk about changing terms? + +Also, thinking about next job, do I hold out for six figure job or just take whatever (which I really don't want to do but will if I have no choice and if that's what makes sense). What's the best way to think about this? Do I take a job ASAP that pays way less, how much less makes sense? Just need sound reasoning. Thanks! + +Edit/update: Wow, thanks everyone for all the awesome feedback. Definitely makes me feel better. So major take away is 1) relax (thanks for this again, I really needed to hear this) 2) apply for unemployment which will extend my runway 3) hold out for maybe a month for somewhat equal paying job, then start to scale back expectations. Honestly, I wasn't very worried until my wife started barraging me questions, worries and concerns. I started to wonder if I was like the Captain of the Titanic, where not taking drastic measures immediately was being stupid. Yeah, that definitely DOES NOT seem to help (unless this is equivalent to the Titanic analogy), so I started to second guess myself and wanted other's opinions. + +Sorry I can't respond to everyone and thank you one by one. I've read everyone's comment and want to thank you all though. + + +In Norse mythology, **RAGNAROK** entailed a series of events. A great battle, foretold to lead to the death of a number of great figures (including Odin, Freyr,Thor, Týr, Heimdallr, and Loki). A disaster that submerged the world in water. The battle razes down, the old gods are no more. The world must resurface anew and fertile, the surviving gods must meet for the world to be repopulated once again. + +**RAGNAROK** Token is the important event in BSC Mythology and will be the subject of the BSC Legends + +The Mjolnir has been docked. The worthy is sought. To possess the riches of Asgard you have to defy death in Ragnarok. Only from the end of the world can the new world be born. + +**ARE YOU ABLE?** + +🔨⚡️RAGNAROK⚡️🔨 + +⚡️**CONTRACT:** + +0x0e3cCBf75fa0A97b8C1A3ff817F59f1CCF93EC21 + + +Chart: [https://poocoin.app/tokens/0x0e3cCBf75fa0A97b8C1A3ff817F59f1CCF93EC21](https://poocoin.app/tokens/0x0e3cCBf75fa0A97b8C1A3ff817F59f1CCF93EC21) + + +Telegram: TG: @ ragnaroktoken + +⚡️**FEATURES** + +🔰ULTRA LOW MC + +🔰100% LP BURN + +🔰UNRUGGABLE + +🔰 RENOUNCED OWNERSHIP + +🔰 LIMIT TX AVOIDING WHALES + +🔰STEALTH LAUNCH + +audited by tango the dog +Everything I own is nosediving. I've never been a panic seller but Holy crap am I starting to panic. I'm already at a huge loss and I've run into some bad financial luck so I'm just struggling all around. Any advice? +Edit: Instead of a "copy and paste dump", + +All credit to Wall Street Journal for this article. +Provided here is a summary. For the full article (behind a paywall), please use the link posted by mod team below. + +In late 2017, the Justice Department asked Wells Fargo (WFC) to look into its wealth-management business due to allegations from whistleblowers from within the bank about its sales problem. + +The firm hired to conduct this independent investigation, Shearman & Sterling, is the same firm that represented the Wells Fargo board on the sales-scandal disclosed in September 2016. In April 2017, they released a 113-page report that "was a long-anticipated deep dive into the questionable sales conduct affecting as many as 3.5 million accounts that dated to 2002 and ultimately resulted in a $185 million regulatory penalty in September 2016." + +At this time, nothing is confirmed about what Sherman & Sterling has discovered about WFC's wealth management division. According to the bank, the investigation is in "preliminary stages" and is about "whether there have been inappropriate referrals or recommendations, including with respect to rollovers for 401(k) plan participants, certain alternative investments, or referrals of brokerage customers to the company's investment and fiduciary services business." + +WFC has continued to face a series of problems including: + +- "The Federal Reserve announced an unprecedented enforcement action capping the bank's assets. The Fed also said the bank would be replacing four members of its boards in 2018" + +- "Last year, Wells Fargo said it also improperly charged around 800,000 auto-loan customers and up to 110,000 mortgage customers. The bank has said it is in the process of refunding those customers more than $100 million" + +- "Wells Fargo also disclosed in the Thursday filing that it is reviewing fee calculations within certain fiduciary and custody accounts. The bank has found instances of incorrect fees applied to certain assets and accounts that resulted in overcharging customers, according to the filing" + +- "The Wall Street Journal reported in late 2017 that the bank had fired four FX bankers, and federal prosecutors opened an investigation of the FX operation" + +On a related note, Fed chairperson Jerome Powell conceded after an intense exchange with Sen. Elizabeth Warren (D., Mass.) that WFC's plans would be put in front of the Fed board for a vote instead of being determined solely by a low-ranking Fed official. + +As a response, WFC CEO Mr. Sloan said that while the problems "may seem discouraging", he asked employees to "remember that we are making significant progress in our work to build a better Wells Fargo, and we recognize that more challenges and more hard work lie ahead." + +Hi folks, + +I've just been notified that the house I'm renting has been sold and asked me to vacate ASAP so new owners can move in - settlement apparently is end of this month. + +Lease doesn't end until mid-July and we are in the middle of a god damned pandemic, moving house doesn't feel like something one should do during while attempting to self isolate as much as possible. + +I think I'll be able to push it to stay until the end of the lease, just wondering if there's any rules in NSW I'm not considering, regarding the virus shit, so I can stay longer if possible. +I recently came across[ an article](https://coincodex.com/article/13373/why-the-success-of-bayc-is-great-news-for-creators-everywhere/) and a part of the write up really stuck to me about NFTs becoming a status symbol. It seems that way, because it’s too expensive and it’s obvious which types of people can afford it. + +I don’t even understand why some think NFTs would be a great investment. But for creators I think this is a good thing. You're going to make a lot of money out of your work, just like that dude who turned his selfies into NFTs. +Previous two threads: + +https://www.reddit.com/r/personalfinance/comments/5ik7s6/bank_error_in_my_favor_collect_1500_butthe_bank/ + +https://www.reddit.com/r/personalfinance/comments/5x32j4/the_saga_continues_bank_error_in_my_favor_collect/ + +Synopsis: +Deposited $300 into ATM...it gave me money back but said I deposited it. I did it three times. Account now up $900. Through a series of comical events, the account got up to $1500. + +And now, for the final chapter of the saga! Unfortunately, it's very short and bland. + +I just got off the phone with my CU. They finally resolved the case and it's closed. They released the $900 hold and also took out the $900 that I shouldn't have. As a gift for being so patient and friendly with them they gave me $50 in my account. Yay? + +I asked about the letter we received, and he said that was for the original dispute where they accidentally put $900 extra into the account instead of taking it out and not for $300. Bah! + +Oh well, at least everything is right again with our account! + +**EDIT**: I guess it's safe to name the Credit Unions involved now since it's over... + +* My Credit Union: Navy Federal Credit Union +* Co-op ATM: Atlantic Financial Federal Credit Union + +I have nothing against either CU. They eventually worked it out and I'm happy that my account is back to normal. + + +[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. 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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!* +Nikola took another beating today, dropping by 14.48%, which is probably still rooted in the report by Hindenburg Research making the rounds. Just in case you haven't heard of the report yet, it goes as far as calling the company "an intricate fraud built on dozens of lies" and presents lots of condemning evidence. + +Nikola founder Trevor Miilton is understandably agitated over the incident and is currently working on a rebuttal of the report. He actually posted multiple photos of the inside of the hydrogen vehicle they are working on, taunting Hindenburg: "Do these look fake?" + +How do you think this is going to play out? Will Nikola survive as a company? Will the bad press scare away any of the big partners such as GM and Bosch? NKLA is down 40% since the GM announcement on September 8. + +Sources: + +[https://www.marketwatch.com/articles/nikola-fires-back-at-short-sellers-salacious-claims-51599833858](https://www.marketwatch.com/articles/nikola-fires-back-at-short-sellers-salacious-claims-51599833858) + +[https://finance.yahoo.com/quote/NKLA](https://finance.yahoo.com/quote/NKLA) + +[https://twitter.com/nikolatrevor/status/1304291381637124096](https://twitter.com/nikolatrevor/status/1304291381637124096) + +[https://twitter.com/nikolatrevor/status/1304424797368061953](https://twitter.com/nikolatrevor/status/1304424797368061953) + +[https://twitter.com/nikolatrevor/status/1304432858937741313](https://twitter.com/nikolatrevor/status/1304432858937741313) + +[https://hindenburgresearch.com/nikola/](https://hindenburgresearch.com/nikola/) +My computer was stolen... there is no drives anymore everyone. I downloaded software, I purchased a coin with the software, it gave me a string of number and letters. I think I copied and pasted them to a work document and saved it on my computer. Then the computer got stolen +In 2012. Hope that helps clarify 🤓 +I'm a 24 year old person living at home and have no significant expenses or debt, with an IT career that will likely always provide me with a stable income. No relationship or interest in one. + +I am going to receive a gift of 1M Euro and was wondering what best to do with it. I have about 100K in savings already. + +Could you help guide me? It is a luxury position, but I don't want to squander this gift. + + +I work for a German company, which is part of a holding group and is likely going to be sold this year to a competitor as part of a strategic direction change / reorganization. + +I am not German and I am expatriated abroad on a mission, so I do have a German labor contract. There's a chance I will be amongst the people asked to leave as I work in a corporate function. + +What I am trying to understand is how I can get most out of the situation and what I need to consider. I have read a bit on severance pays in Germany but I'd like to understand how much of an exit package is common in Germany. The company / holding is doing financially well so its purely a strategic inspired business decision to sell off the company I am working for. + + + + +For me to trade and keep a minute by minute eye on the market I would need to work from 2.30 am until 8.00 am, which is a bit difficult if you hold down a job starting at 6 am to 2.30 pm (though I guess it could be done once I start back at work after lock down). + +Is it worth buying 60+ day options and setting stop loss of say -20% and an auto sell once ITM+20% rather than holding to expiration for example? +A lot of us are going about our lives shrugging our shoulders at the red candles. We are not stressed out. +We have thousands invested.. + +That's the crypto market.. and of you can't sit calmly even when you see your portfolio dips for months at a time.. then you have too much emotion invested in this and should reevaluate your position.. maybe talking to an investor and getting safe returns is more on your level. + +I don't understand why people invest so much that it stresses them out when everyone here is constantly screaming warnings of how volatile this market is.. + +So either learn to accept dips and plunges.. or you may have to get out before you give yourself a panic attack. +if the aim to get overall pay less tax than Bank fixed deposit and getting more return than FD + +1. Overnight Funds. +2. Liquid Funds. +3. Ultra Short-Duration Funds. +4. Short Duration Funds. +5. Corporate Bond Fund. +6. Credit Risk Fund. +7. Gilt Funds. +8. Fixed Maturity Plans (FMPs) +I originally posted this as a reply, Then I figured to make a post out of it, I'm not sure if it's in violation of guidelines, If it is so, please take it down.. + +So to the point, this post is just an illustration comparing outright purchases vs interest free credit purchases and deferring the difference to some small low risk investment, when you the money to do either. + +A lot of companies offer No cost EMI's, they are touted as products hoping to change consumer buying habits, to exhibit how easy EMI's are, now you don't have to settle for anything else other than your "dream" and everybody is 'special'. Basically it is just conditioning for people who are very debt averse, trying to teach them that not all debt is bad, and hopefully get them into the buy impulsively crowd. Basically take the discipline out of financial disciplines + +All that aside, interest free credit should always be pounced upon. If I've made any mistakes or wrong assumptions please do point them out, because I think all of this to be gospel + +For a small example, buying a galaxy S8 outright for will cost you 45,990 at flipkart, Check their EMI tab, and you have [no cost emi's](https://imgur.com/a/HvtTO8h) offered by atleast 10 institutions, for instance a nine month EMI of 5,110 per month comes to 45,990, no other costs + +In this scenario, I would opt for the EMI option, even if I had the 46,000, and put it in a Debt fund, current rates are 7.5%. So I guess by doing this, [Detailed Calculations](https://imgur.com/a/HvtTO8h), I manage to + +1. Get a 2.5% off on total purchase +2. Maybe get a better CIBIL score because I've had debts which I've cleared promptly? +3. Accumulate some reward points +4. Even if I don't put the money into a fund, it takes away the burden of paying 46k at one shot, making easy monthly payments without any extra charge + +This is indeed laughable to go to all these steps for what may seem like little savings, but it has to be discussed. + +EDIT: I've never bought anything using a no cost emi, just thought this seemed very good to be true, Thank you everyone for your inputs. I did not know loans had GST, and apparently getting zero processing fees is also quite rare, So I guess this is of no use + +I have started investing in mutual funds for last 3 months. Last week I found this scheme ‘Quant Active Growth Direct Plan’. It’s a multi cap fund. It has performed consistently for last 5 years and has remained top 5 fund in its category in each calendar year for last 5 years. It’s rated 5 star in value research online. But it’s not rated by CRISIL.And it’s AUM is only 133 crore which is far less than category leaders. + +I am trying to learn why a fund remains less popular despite good performance overall? +I've started saving recently and beginning to invest and before that I'm making some emergency funds. What are some emergency fund instruments present which are highly liquid and provide a return of 7-8%? + +I should be able to withdraw it in case of emergency and should take a maximum time of 24 hours to come into my bank account. + +Thanks. +Obligatory text here. Title says all i needed to say. Yesterday’s price action even made my girlfriends boyfriend buy some GME shares and drs them. Don’t think your 1 or 2 shares don’t matter. Because if a million people with 1 share thought the same way then that would be 1 million shares not drs +This might seem like a basic question but I feel like I'm doing something wrong? I don't regard myself as a big spender by any means (live in cheap rented accommodation, don't run a car etc) but I struggle to save enough each month and generally be responsible without going insane with boredom. + +Basically if I'm not eating or sleeping I can't stand to be in the house, it drives me up the wall, especially at weekends. So I'm constantly out and about- and that costs money. Whether it's social events or just visiting a different city/area to explore, it all adds up. I do have some free/cheap hobbies like running and hiking but eventually I get bored of all the routes in my local area and have to travel further afield, which again costs money. Travel in general is a pretty big weakness for me actually- routine kills me so I have to constantly be seeing new places. I take a lot of weekend breaks and day trips which can end up being expensive. + +Just wondering is there anyone else out there like me and do you have any good suggestions for staying sane but cutting back the spending? I feel like I may as well give up now if I have to spend the rest of my life stuck indoors staring at a screen, but at the same time my current habits can't go on. Cheers +Right now, I'd say over half my net worth is in real estate and the plan is to keep going. I max out my TSP (government 401k) and two Roth IRAs for my wife and I as well. My primary goal has always been cashflow but I know that real estate is more ***exposed*** risk (and more hands on) than a traditional stocks/bond portfolio. At what point would you recommend stopping real estate investment and switching gears to something that is more conservative and less hands on? + +Or should I just stay the course until I reach my goals, by any means, then diversify asset classes from there? + +Currently 35% of reaching my goal of $20,000/month passive net income using just the real estate. If you count my government pension that I'll get in about 15 years, I'm at 52% of my goal. +My dilemma is basically deciding if I should continue with the rational decision I made 10 years ago, or if I should follow the rational decision I would make today: + +Close to 10 years ago I invested in Bitcoin (just a small dollar amount) and assumed that in the future it's either going to be worth nothing, or it's going to be worth a lot of money. In the beginning I randomly traded around, but then at some point came up with a strategy that's similar [to the one described here](https://bitcointalk.org/index.php?topic=345065.0): Every time it doubles (only looking at ATH values) I'm selling X% of my investment: The idea was that this strategy allows to extract as much earnings as possible under the assumption that Bitcoin might become worthless at any point. + +My dilemma now is the following: Without Bitcoin my net worth is around 2.5 million USD (everything in Vanguard funds, I don't own a home). If I sold all my Bitcoins right now my net worth would reach a little bit over 4 million USD (after taxes) which is the magic number at which I planned to retire. If I only sell the X% that I sold in the past my net worth would just be a few 100k higher. + +The rational decision that I would come to today is to sell everything right now and to retire. But that's exactly the opposite from the decision that I came up with 10 years ago, which is the reason why I'm at the point at which I'm today. If I hadn't strictly followed that 10 year old decision in the past I would have cashed out everything at much lower values. + +What would you do? Cash out and retire or keeping the investment. My non-crypto investments are mostly traditional Vanguard funds that are relatively low risk and where I make sure to regularly rebalance to ensure that my allocation matches my risk tolerance. I guess Bitcoin is just an exception because both decisions (the one I met 10 years ago and the one I that seems to make sense today) looked 100% rational at the time where I decided to follow that strategy. "Stay the course" (one of my mantras when it comes to investing) would imply to continue with only selling X% after each doubling. +According to BofA's monthly Global Fund Manager Survey published last Tuesday, "higher inflation is now the consensus." And furthermore "inflation is now again the biggest risk for markets," as initially identified by 35% of the survey's 194 respondents who manage a combined $592 billion worth of assets. But if investors are broadly concerned about inflation, it suggests stock prices are likely already reflecting these risks and investors have discounted, or priced in, inflation risk into the markets. While it may not be a perfect analog, it's worth considering what happened during the early stages of the coronavirus pandemic. + +On March 17, 2020, BofA's Global Fund Manager Survey identified "Coronavirus" as its biggest tail risk, and it remained on the top fo the list for the next 10 months as data consistently and persistently reflected an economy in a state of emergency. But the S&P 500 prices bottomed on March 23, 2020. + +In other words, the market had priced in the coronavirus recession and discounted the pandemic's worst financial impacts by mid-March, but this risk still remained the consensus worry among investors for another year. + +The threat of inflation is the most known risk in the markets right now. And so investors should consider the likelihood that the downside of inflation has been priced in. + +"Unlike recent cycles, we acknowledge that inflation tail-risk is higher and that inflation data could get hotter before normalizing," JPMorgan's Dubravko Lakos-Bujas said. "This outcome, at the same time, is getting increasingly priced-in as essentially every investor we have spoken to in recent weeks is well aware of this backdrop." + +According to Google, search interest in "inflation" is at an all-time high. The University of Michigan's recent survey of consumers revealed sentiment got dinged in May due to unusually elevated concerns about inflation in the years to come. + +On the corporate side, a record number of S&P 500 (^GSPC) companies have discussed "inflation" on earnings calls as executives just can't stop talking about higher costs. + +Whether or not inflation actually becomes a major problem for the economy will only be known in hindsight. And despite folks arguing that recent upticks in price represent "transitory" concerns and "reopening quirks," this debate is likely to rage on for months especially as high-profile skeptics sound alarms. + +https://finance.yahoo.com/news/inflation-risk-consensus-priced-in-markets-morning-brief-095840283.html +Thoughts ? +Ill have a gov pension but Originally I was just contributing to RRSP for the tax break. Didn't reinvest return. +Right now it's only TFSA because I figured with pension then I could keep lower tax bracket at retirement. + +Thoughts on now only contributing to RRSP and reinvesting return into TFSA. So technically I'd be contributing 100% of annual contributions but being able to actually do 125-130%. + +I'm notated on either rrsp or tfsa +As we close out this crazy year, Bitcoin is hitting all-time highs again just like last year. I know the famous saying of time in the market is better than timing the market but I can't help myself getting emotional about these insane prices! Before anyone attacks me for gambling and throwing my money away with this idea, I just want to say that I do usually contribute the full amounts to both of my TFSA and RRSP accounts in 95% VGRO and 5% BAM.A.TO. I have also have about 9K for my emergency fund in EQ Bank and the only debt I have is my mortgage of 135K. + +I have done some studying in this topic and I know that WealthSimple offers some form of Bitcoin investing. I was talking to my new co-worker and he said that he used another company to buy his Bitcoin because it was cheaper and because WealthSimple only allows you to buy Bitcoin in a taxable account, but I forgot the name. He also talked about his Bitcoin wallet which I found really weird because I thought that Bitcoin was all digital. + +So, I have a few questions for you guys. Is it a bad idea to buy now? Would I be stupid to invest at the top? What other brokerages can you buy Bitcoin beside WealthSimple? Is there a physical form of Bitcoin and is this why I need a wallet? What do you guys think will happen with Bitcoin next year? I am thinking of having 5-10% of my portfolio as Bitcoin, is this too much? +Hello, + +yesterday, I started listening to Brandon Beavis and I listened to the "10 things I wish I knew before I started investing", once of the point was in regards of cutting your losses. I agree with him. I have 2 stocks [ACB.to](https://ACB.to) ( down 40%) and [Hexo.to](https://Hexo.to) (down 51%) down combined to 3.5k. I see his point on cutting my losses and put the money on something else, but it is psychological hard as he explains because of the thought I would sell them right away as soon as I break even. + +They in my RRSP and I still keeping investing, so does it make sense to cut my losses now considering the US legalization could give a bump to the weed stocks ? what's your take ? and also how do you process cutting your losses ? + +&#x200B; + +thanks +Seen a lot of FUD this weekend. Veteran apes are conditioned but some new apes might be wondering what to expect in the weeks ahead. Just remember: + +1. Buy, Hold, DRS is undefeatable + +2. The price will go up or down + +3. RC approved a split dividend because it's in the best interest of shareholders +I have shares of Apple, Tesla, Amazon. All of those stocks for me have at least doubled in stock price. +I was speaking with a mentor at work (healthcare industry) and he mentioned when the market is acting irrationally and stocks seem to be artificially driven up he sells a bit to take advantage of this. +I’m not new to buying but am new to the idea of selling. Does anyone have some sort of method or metric that they use? A percentage of shares that they will sell to take advantage of the current extraordinarily high prices? + +Thanks! +With interest rates at an a low time, seems to me more vital than ever to rinse anything that gives you a little bit of extra cash in your pocket. To be clear I'm not talking about an extra job or one of those 'earn £1000's a week' things. Just little things that take very little time that give you a few extra quid a week/month that you wouldn't have got otherwise. + +My ways: + +1. Earning cashback from money saving expert energy switch, £50 this year (after 2nd suppliers prices went up) + +2. Topcashback - after switching broadband provider and breakdown cover, set to earn £170 this year alone. Obviously these things cost more than that amount, but they're both things I would have done this year anyway. + +3. Google rewards surveys - for android users. Google sends you surveys that you can then use as google play credit. Earned £8 this year. + +4. Cashback credit card - honestly don't get way people still bad mouth Amex cards, yes they aren't accepted everywhere, but it's certainly most places I visit. I've earned usually £50 in cashback each year. + +What are your little ways? +Had a great few days, sold 2 $70 puts last Friday (2/26) for exp 3/5 @ $10.00 each. Today bought both of them back for $1.60 each! + +Kind of a gamble with that volatility but with a breakeven of $60 I figured it was going to go how it went last time with GME where it stayed inflated for a few days at least. Anyone else make any GME plays? + +Edit: Stock price at time of sale was $126. +Does anybody in here solely rely on theta gang strategies to grow their portfolio without owning any underlying stocks? Assuming owning one stock with the sole purpose of wheeling would count as theta strategy. +I’m just curious if that’s feasible or not and the tax implications since all gains would be taxed as short term capital gains. +Happy V Day, ThetaGangers and Gangettes. Since I’m bored and waiting for my pre workout to kick in, I figured I’d see what stocks you all have been trading/wheeling lately. I’ll go first. + +* HYLN + +* RKT + +* DKNG + +* MU + +* AMD + +* BB + +* NET + +* CRSP + +* PLUG + +* MSFT + +* AAPL +Back in March of 2015, I was hospitalized for some Respiratory Issues. A day later I was discharged and they told me everything was taken care of (I had given them my insurance info when checking in), and I put it behind me. + +Now today; Got an $800 collections letter for that incident. Between then and now, Not once has the hospital contacted me via phone or mail or by any other method to inform me of a past-due bill of any sort. Because of this, I'd assumed my insurance covered it. Unfortunately, I no longer have that insurance provider (It was from work, and they switched to different provider last year) + +I have not changed address nor have I gotten a new phone number since then, so there is no reason to NOT have contacted me to begin with. + +EDIT: Holycrap This exploded... It'll take a while to go though everything but thanks for the responses! +[Rishi Sunak plans emergency cut in VAT to rescue ailing economy](https://www.thetimes.co.uk/article/rishi-sunak-plans-emergency-cut-in-vat-to-rescue-ailing-economy-l6glk27rp) +Saw [this post](https://www.reddit.com/r/SideProject/comments/u2pd71/i_spent_1200_hours_this_year_building_a_simulator/) in r/SideProject and my girlfriend and I tried it out. It's called [ProjectionLab](https://projectionlab.com/), and so far it seems like it has a lot of detail and flexibility, plus couple's financial planning. I found the milestone system and Monte Carlo simulations pretty neat. + + +# [https://www.worldoil.com/news/2020/3/31/oil-selling-below-10bbl-at-key-american-hubs](https://www.worldoil.com/news/2020/3/31/oil-selling-below-10bbl-at-key-american-hubs) + +# Oil selling below $10/bbl at key American hubs + +By **SHEELA TOBBEN** on **3/31/2020** + +NEW YORK (Bloomberg) --Oil is selling for less than $10 across key North American hubs as the global demand shock from coronavirus leaves crude with nowhere to go. + +The coronavirus pandemic has hit demand so hard that as benchmark futures plunge to lowest in 18 years, oil is backing up throughout the distribution system, raising the prospect that producers will need to shut in wells. Some of the hardest-hit areas have been those thousands of miles from export terminals, which would provide the possibility of escape, either to foreign markets or onto tankers as floating storage. + +Refiners across the U.S., including PBF Energy Inc., Valero Energy Corp. and Phillips 66, are slowing fuel production as restrictions on travel and work has reduced gasoline and jet fuel demand to a trickle. North Atlantic Refining Ltd will be idling its 130,000-barrel-a-day refinery in Newfoundland, Canada, for two to five months due to the outbreak. + +The market is groaning under the weight of this oversupply so much so that U.S. midstream operators such as Plains All American Pipelines have asked their suppliers to reduce oil production because storage capacity is reaching its limits. + +Bakken crude in Guernsey, Wyoming, sank to a record-low $3.18 a barrel Monday, according to data compiled by Bloomberg, while Western Canadian Select in Hardisty, Alberta, was worth just $4.18. Even oil in West Texas is as cheap as it’s ever been. West Texas Intermediate in Midland was $10.68, just above its all-time low from 1998. And it’s lower-quality counterpart, West Texas Sour, slid to a record $7.18, the lowest in data going back to 1988. + +West Texas Intermediate Light, also known as WTL, traded at around $7.50 a barrel below the WTI Midland benchmark on Monday, traders said, the equivalent of about $3 a barrel outright. Including transportation costs from the wellhead, that would mean the very light crude is worth near-zero, if not negative, when it comes out of the ground. + +Even oil that makes it to a dock isn’t immune from the price plunge, as refineries around the world slow down. U.S. oil for export from Corpus Christi -- the end point of several new Permian pipelines and a major exporting hub -- traded at $15 a barrel below July Brent, according to traders. +I seen the line graphs on how the inflation was on a slow incline in 2020. Now that Biden is in office I see the line graphs that are shared shows it drastically increased. My question is since we were already starting to see inflation due to all of the constant stimulus and other factors back in 2020 would it have made any difference if Trump stayed in office? Or would it have still hit the peaks it is today regardless of who was in office? + +I am not an economist so I leave it to redditors in this sub to share their insights. +Any idea why this would happen over 9 years? Number or trades is 220. Seems like you could just get a higher return by just buying and holding AAPL or TSLA. Would it make sense to leverage options with a 72% win rate? + +Also, does anyone know where you can backtest options? Im not even sure that data exists? +I currently trade several different strategies that I created in the the futures markets. My main systematic “diversified portfolio” trades 40 of the most liquid domestic and international futures markets. I recently had the revelation that I am limiting my scope by solely trading futures and backtested my models in all 30 of the DOW components. To my surprise, the system tested extremely well without any fitting (annualized sharpe= 3.26 using a risk free rate of 2). Since my background is mainly in CTAs and individually managed futures accounts, I am ignorant when it comes to finding equity strategy investors. Is there anything specifically they look for, or are the tear sheets similar to CTAs? Additionally, how difficult is it to set up a small margin account with a broker that will let me hold a short position for a few days (max holding period is 10 days) so I can start developing a true P/L? Any suggestions with these questions or anything else is greatly appreciated. +Next article: +[Ahead of yourself #2: The hidden retail traders edge in a minus sum game](https://www.reddit.com/r/Daytrading/comments/l99f1f/ahead_of_yourself_2_the_hidden_retail_traders/?utm_source=share&utm_medium=web2x&context=3) + +Source: Alexander Elder - The New Trading for a Living 2014, Page 21 to 27 + +**A lesson for traders by people that hit rock bottom** + +No matter if you are a beginner or a trader that’s living from his returns in the market, it is highly likely that you have experienced two kinds of losses: + +1. manageable, small loses that you can handle and that are in harmony with your strategy +2. uncontrollable, extreme loses that destroy a month worth of profits or take away a huge portion of your capital, and you need weeks to rebounce from that, most often with a higher risk than before. + +Most traders tend to jump between a feeling of power due to great returns and a feeling of devastation due to type 2 loses. The Question I want to answer here, is how to make one step towards being a successful trader that can live of his returns by switching from type 2 losses to type 1 losses and what you can learn from the anonymous alcoholics movement. + +The difference between a social drinker and an alcoholic is, that the social drinker takes a glass of wine or two, and he stops when he starts to feel uncomfortable. He knows his boundaries. + +An alcoholic on the other hand can't stop. Once he had is first beer, he knows he is going to waste himself. He's going to drink until his money is gone, or he blacked out. + +The Alcohol is in power of the Alcoholic, despite the Denial. " I just need to stop drinking so much" is just not working, the Alcoholic can't take the pain of losing control as long as he hasn't hit rock bottom. The Wife is gone, the home is gone and the job is gone. Most Alcoholics can´t confirm that they have lost the control until they are at rock bottom. At this point, one has to ask himself if he is going to drown with denial or fighting to get some air again. + +The first step is to admit that he is powerless over alcohol, and then he has to work himself up again. AA uses the slogan "one day at a time". A recovering alcoholic has a single goal: To stay sober today and to go to sleep sober tonight. One day at a time. + +We as traders are in a similar situation. Most of us start as alcoholics, addicted to the market. We open our first account, make our first big win, and we are hooked. That’s just our nature. We start our career as alcoholics, jumping from a big win to a series of loses or an extreme loss and jump back and forth. The 90-90-90 rule says, that 90% of trading beginners lose 90% of their funds in the first 90 days. **The reason for this is, because just as the alcoholic we tend to denial that we are powerless to alcohol, type 2 loses.** We think we can bounce back, making a way back by using a new strategy, using more risk or following a new guru. At the Point we hit rock bottom, a few decide to turn upwards for air and giving in to our lack of power, while the majority still denials it and wash out of the market. + +The successful trader is like a social drinker, he takes a few loses and if he starts to feel uncomfortable he walks away, checking his strategy without going to the next guru and taking a fresh approach on the next day. Maybe it's the market environment, maybe it's a bad day. + +The unsuccessful trader is like an alcoholic, he just doesn´t know when to stop. A small loss gets a revenge trade, no strategy (or changing strategies) and he trades until he lost so much money that he blacks out and turns down the computer. + +**So if you are in a drawdown, have no real working strategy or take a loss today, start with this simple step towards becoming a successful trader:** + +Say to yourself "I won't make a type 2 loss today, if I start to feel uncomfortable I walk away and take a fresh approach on Monday. I'm a successful trader, even when I'm losing a bit of money." One day at a time. + +If you enjoyed my content please consider leaving an upvote, depending on the Feedback I get I´ll make more posts like this one. +Hey Everyone! + +Background on me: 27M, Recently Separated from the Navy after 8 years of Service. Moved to DC due to taking a corporate HR job making 75K or 2200 after tax and deductions every pay period. (bi-weekly) Currently I'm in school using the GI Bill taking in $1700-2500K per month tax free for housing (fluctuates based off of my classes end dates as they are 8 week periods vice normal class lengths). + +Recently in the last month I received a decision on my disability in my favor providing a back pay payment of $16.5K and a monthly payment of $3300 tax free going forward. With this increase I plan to invest 15% of my salary paycheck into my company 401K. Outside of this, I am at a loss of where to move next. I currently sit on 30K liquid between emergency fund and checking/savings and have no debt but pay $2200 in rent monthly (I plan at a minimum to move to something smaller to decrease rent costs). + +My question I guess is what I should do with the increased income to make the most of it? I know I should not increase my lifestyle and am working to curtail that as much as possible, this and increasing my 401K position are all I really know what to do. I've thought about buying property and paying them down to become passive streams of income or investing in the market in safer blue chip stocks, but not much outside of that. + +My friends are in San Diego, CA and I'd like to live near/with them one day and was the plan before this job, but the flexibility at work and opportunities here (growing a small business, being taught the ins and outs of the business) have me in a tough place moving there and leaving this. I feel truly conflicted 50/50 either way and have thought if I could figure out the game plan financially, I can better decide where/what I'm doing next. + +Thank you for your time and support to read this and answer my question, your feedback is appreciated. +Hi all! One of my parents is looking for financial and retirement planning on a *modest* income. They've been told a few times that it's not worth working with them because their income isn't high enough. They are lower middle-class, so we're not looking for someone to negotiate government assistance but we're also not looking for a financial advisor who will only work with people with huge assets. + + What type of professional am I looking for, and do you have any advice on where to find them? + +More details: In short, one of my parents is looking to make financial decisions around retirement. They have a small 401K and are still working full-time. They're specifically considering selling the house and investing the profit but would like professional guidance on investing and planning living and retirement for the next 10+ years. They want guidance on making small amounts stretch. +I guess next year’s theme is going to be planning for my future. I would like to purchase a condo around the same time next year. I currently have a high yield savings account and I’m about to sign up for my 401K at work. I was just wondering which step would be better after? Roth IRA or Whole Life Insurance? I currently am not married, no kids. It’s just me and my pups although I do plan on having a family in the future. +https://www.cnbc.com/2020/10/07/lowes-gives-100-million-more-in-bonuses-to-hourly-employees-.html + +Lowe’s said Wednesday it will give $100 million more in bonuses to hourly employees in mid-October, as strong demand for home improvement supplies continues. + +The retailer has paid more than $675 million in additional pay to employees this year, including the latest round. + +Lowe’s also announced a cash tender offer for up to $3.5 billion of its outstanding debt securities. + +Thanks for the awards. +Have two cars on policy. One I make payments and has comprehensive coverage. One I own and have collision only. + +Never had a accident or even a claim in 7 years and my rate literally just doubled? + +Is progressive a scam? + +Edit: it looks like based on comments that my rate increased because of a Washington state law going into effect on June 20th. The law does not allow credit scores to be used in calculating auto rates and with my score I was getting a large discount. + +Fun fact, my new rate would make my auto insurance monthly cost $40 more than my entire car payment. Absolutely unbelievable. +So first off, is this even possible? I am interested in shorting companies who write these, or if possible, invest in a potential drop in the value or crash of CMBS's as a whole. I think there is a possibility litigation would be challenging in this situation, and the demand for this type of security will at least lessen slightly in the coming years. + +Can you profit off of this? + +If anyone has any insights on this idea, I would be happy to discuss it more in depth. I have been up all night trying to reason this out. +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! + +I often hear that people can afford to lose money when they are young. People tend to invest in very high risk investments like individual stocks or crypto currency when they are young. This needs to stop. Money is far more valuable invested while you’re young than when you are old and you cannot afford to lose it. + +For example, every $1,000 saved and invested in a broad market index earning on average 7% a year over 40 years is $15,000. + +Every $1,000 invested when you’re older, compounding for only 10 years, results in only $2,000. + +Every dollar you invest in your twenties is far more valuable than what you invest later on in life and when you are young your investments should be diversified and “normal.” You can afford to take large risks later in life after compounding has worked its magic. + +Time for me to stop ranting. Just wanted to make sure people here have enough in retirement. +To preface this post, I have over 2 years experience trading options. I've successfully grown my $20K account to $65K over two years using a mix of buying and holding shares and doing relatively low risk options trades (LEAPs, PMCC, Short Puts). Now I'm about to inherit $200K and I intend to use the $200K strictly to produce income by managing low risk options trades such as the wheel strategy. + +I absolutely love leverage which is why I'm eager to go with the PMCC approach. Let's take $AMD for example, a company I'm bullish on. You can purchase **50** x $50 calls expiring 1/21/2022 @ $39.50 with a delta of .86 which will take up $197,500 initial capital. Then I can sell **50** x 30 DTE calls between .30 delta and .45 delta for $235 or $400, respectively. Depending on what I anticipate coming up, I may either **not** sell a call until volatility blows over (earnings reports) or I would choose a higher probability trade to coincide with analyst price target changes or I would choose a lower probability if the stock is is consolidating. I have a possibility of producing monthly income ranging between $10,000 to $20,000. + +If I go strictly with the standard wheel strategy, I would sell **25** x 30 DTE $80 puts with delta at .35 and close to 69% probability for a credit of $8,625. So we're looking at approximately $8,000 a month, give or take. If I get assigned, I would just flip and sell calls using the same guideline as above. + +I would not mind getting assigned in either cases. My primary objective is to gain on premium, not so much on the underlying (although with LEAPs being leveraged by giving me 50 contracts to begin with, it'll give me a nice boost to profits). + +What would you do in this case? Do you disagree with this approach? Other than the risk of being assigned, is there anything else I should be aware of before taking on this strategy? If you say diversify, then can you recommend a hedge or alt stock to trade on on a semi-active pattern? + +Cheers. + +**Edit:** the wide variety of opinions and suggestions I've gotten is deeply appreciated. Given the risky state of this market today, I'm considering a more diversified approach across multiple tickers and as well as real estate. I haven't decided what the plan would look like but once I go for it, I think I'll update /r/options with another post with results. + +Edit 2: Jesus, this post blew up. I can’t even. + +* Which bank do you recommend for savings account or fixed deposits? +* How is your experience with wealth management services? Discuss your experience with Citigold/CitiPriority, Kotak Privy League, db WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. +* What bank offers the best foreign exchange rates? +* Discuss the quality of the bank's mobile apps and the services they offer. +* How are the lending practices at your bank? Did your housing loan get approved on time? Were you required to purchase additional products (like insurance) to avail a loan? + +You can ask for a general review of a particular product or service that you are researching - "Is bank X good? Is it recommended for basic services no-frills accounts?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ka beta, and my family is pressurising me to take a home loan, what would you suggest?"), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +I am not sure if this is the right sub for this. Please let me know if I need to take this down. + +&#x200B; + +A lot of news this past year has been around the next recession nearing after a long cycle of economic growth, specially the US economy probably slowing down. Although, you can never be sure when things go south, do you guys actively think/plan about it? For people who have actively been working/employed since before 2006, it would be great to have your views on this. + +&#x200B; + +* In the recent history after the Great Depression, the US recessions have lasted less than 2 years. Is it reasonable to assume the same in near future? +* How did the last recession affect your employment/business? If you were laid off, how soon were you able to join the workforce again? I am sure everybody has a different story, but what was the general situation for people? Did working in Googles, Amazons and Facebooks in your respective sectors of that era helped in any way? +* Do you have a second source of income? +* How do you plan your investments to ride through any future hail mary events like these? +* More importantly, what were the lessons learned? +I'm someone who is considering starting a PPF account just for its high returns (7%) and govt. backing but after knowing that its tax benefits are about to vanish in the new tax regime, I'm now puzzled whether to do it or not. + +In the new regime, no deductions for investments like PPF are allowed under 80C. In this case, don't you think PPF will be just like any other investment vehicle and won't have any inherent advantage? Granted that FD interest rates are low right now but I can use that for short term and wait until they are high again to make a longer term investment, wouldn't that make better sense than a 15 year lock-in investment which doesn't even give tax benefit? + +Of course, there is also the option of sticking to the old regime. But for how long can we do that? 15 years is a very long period, its totally possible that govt. might make the new regime mandatory after next 4-5 years? +Guten Morgen to this global band of Apes! 👋🦍 + +GameStop has now launched the NFT marketplace, with some incredible first-day numbers and a great experience for creators and consumers. +While it is easy to let the split by dividend's rapid approach overshadow this moment, the confluence of many events is exciting. +GameStop is boldly facing a recession by optimizing its business (including replacing failed executives), launching new products, and rewarding investors. +Next Monday is the date to own shares by to get the dividend. +The clock is ticking, and the SHFs haven't yet begun to move toward closing their short positions. +With borrow interest rates rising along with the share price, how will these next few days go? + +While many pundits like to discount the NFT marketplace as a bad move with the crypto markets crashing, nothing could be further from the truth. +By utilizing the efficiency of L2, customers have a low-cost entry to digital ownership. +Their digital assets have lasting value. +The turbulence of the coin value has little bearing on the NFT assets. +The media attacks against the NFT marketplace are clearly meant to instill fear, but fortunately there is little to fear. + +Today is Tuesday, July 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: **$131.55 / 130,28 €** *(volume: 780)* +- 🟩 115 minutes in: $131.31 / 130,04 € *(volume: 780)* +- 🟩 110 minutes in: $131.16 / 129,88 € *(volume: 774)* +- 🟩 105 minutes in: $131.11 / 129,84 € *(volume: 748)* +- ⬜ 100 minutes in: $131.02 / 129,75 € *(volume: 747)* +- 🟥 95 minutes in: $131.02 / 129,75 € *(volume: 734)* +- 🟩 90 minutes in: $131.05 / 129,78 € *(volume: 720)* +- 🟥 85 minutes in: $130.92 / 129,65 € *(volume: 695)* +- 🟥 80 minutes in: $131.19 / 129,91 € *(volume: 695)* +- 🟥 75 minutes in: $131.27 / 130,00 € *(volume: 637)* +- 🟩 70 minutes in: $131.30 / 130,03 € *(volume: 596)* +- 🟩 65 minutes in: $131.27 / 130,00 € *(volume: 530)* +- 🟩 60 minutes in: $131.20 / 129,93 € *(volume: 514)* +- 🟩 55 minutes in: $131.14 / 129,87 € *(volume: 443)* +- 🟥 50 minutes in: $131.02 / 129,75 € *(volume: 429)* +- 🟩 45 minutes in: $131.10 / 129,82 € *(volume: 413)* +- 🟩 40 minutes in: $131.05 / 129,77 € *(volume: 398)* +- 🟥 35 minutes in: $131.03 / 129,76 € *(volume: 388)* +- 🟥 30 minutes in: $131.15 / 129,88 € *(volume: 380)* +- 🟩 25 minutes in: $131.23 / 129,95 € *(volume: 345)* +- 🟩 20 minutes in: $131.20 / 129,93 € *(volume: 339)* +- 🟥 15 minutes in: $131.19 / 129,92 € *(volume: 192)* +- 🟩 10 minutes in: $131.23 / 129,96 € *(volume: 188)* +- 🟥 5 minutes in: $131.17 / 129,90 € *(volume: 183)* +- 🟩 0 minutes in: $131.29 / 130,02 € *(volume: 71)* +- 🟩 US close price: $130.09 / 128,83 € *($131.00 / 129,73 € 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 1.0098. 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 would like to get into options algotrading. + +I have built all the infra's for crypto trading in C++, but i honestly dont love crypto. + +I was always interested in trading options and vol trading in equities market. + +what platforms or brokers i should be looking for to do option trades ? + +also i dont have any capital, so will have to try out my strategies in demo first before going live. + +It was easy to set up DMA in crypto and trade in demo, How is it with equities options ? + +do i have to really deposit amount to test my algos ? + +&#x200B; + +please help me and thanks in advance! +^(Planned on waking up and studying...but nah gotta pause that shit to say something...) + +&#x200B; + +Woke up to ApeFest being shilled out like a mother effer. + +Seems like there are a lot of distractions these days, but I'm sure most of yall are smart enough to know that this is one. Right? Please tell me yall didn't throw money at this. + +&#x200B; + +We know Kenny and other dingus SHFs ^((I mean both "S" for shitty and short).) love a double entendre. Holy hell guys the MSM has been blasting people who are invested in GME as well as those on Reddit who are invested in GME as well as other stocks as treating the markets like a **casino.** + +&#x200B; + +&#x200B; + +[dumbshit](https://preview.redd.it/rp5rkcsdykb71.png?width=1873&format=png&auto=webp&s=d8550d8e72d9f4f44ef69c091626e33ab8a1d9a1) + +Don't you find it damn ironic that this is being held at......a casino? + +I personally would rather meet other shareholders at a shareholder meeting in the future as I'm sure other investors would. + +&#x200B; + +**From a behavior perspective** they are utilizing stimulus pairing. Basically they see Ape/Reddit/GME investor they see CASINO. Total spec here but: this is likely aimed toward psychologically creating a stimulus class in which people invested in GME are equated to those creating a casino out of the markets. Stimulus classes create the same effect on the environment. + +&#x200B; + +https://preview.redd.it/9900c2tkzkb71.png?width=565&format=png&auto=webp&s=06e374127b02ff7f2b65cee2cff55787cc4171d2 + +&#x200B; + +I'm sure you haven't signed up because you're a good boi and smarter than that, but shit just don't because it will add to anything they're trying to stir up...possibly from even a legal standpoint. Honestly there's not a better way to do that than to use concepts rooted in behaviorism to make certain stimulus pairings reinforcing to the public and themselves. +I plan to retire early and was look at withdrawal requirements and you are exempt from certain expenses if you withdraw before 59 1/2. Home purchase, education, child birth are a few of those exemptions. But I don’t plan on using my retirement money on any of that. It says I can with drawl contributions but not earnings with out early withdrawal fees. Could someone enlighten me ? +I noticed this in the legislative measures section of the budget today (page 278 of the budget). It retroactively removes the tax exemption back to Aug 29, 1966. Is this an expected change? Is this new info for CPR or have they already had this priced in? +We always talk about how compounding interest is so powerful and can result in massive gains the longer you invest your money. However, we just completely ignore that inflation is compounding as well. + +https://i.imgur.com/UXoh6x9.png + +This graph is a great example as it highlights how even a 1% change in compounding interest can result in massive differences in real dollars. + +My theory is that people did not notice inflation as much in the early days as we where in the early stages of compounding. + +So say wages aren't keeping up with inflation by 1%. You can see in the early the real dollar difference isn't that big. But by the time you hit year 40 the difference is massive and growing bigger everyday. + +Now extrapolate this to something like house prices. + +In 2000 that 100k house at 2% inflation increases 2k/year. +In 2022 that same house is 1.5 million dollars and 2% inflation increases are 30k/year. + +I think this explains the massive disconnect we see on this sub between the "Inflation is completely crushing me and I cant afford anything group". And the "dude bruh Stats Can says its just 2%, shut up with that shadow stats BS" +Hi guys, I am new to trading cryptocurrency and I have some questions... + +1. What is the best platform to trade cryptocurrency (for a Canadian investor)? +2. How do ETF's differ from the crypto stock (i.e. [ETHR.TO](https://ETHR.TO) vs Ethereum stock)? +3. Is there any other advice regarding Bitcoin, Blockchain, and Ethereum? + +Please let me know if there is anything else I should consider. Thanks in advance. +I'm seeing a lot of posts lately here about people worried about their credit score. + +Correct me if I'm wrong, but I've always believed that they're largely meaningless in the UK. AFAIK, if you (1) ensure you don't miss any payments and (2) take out a credit card, pay it off on time etc, you can largely 'set and forget' it all and it won't really affect your financial decisions. + +Whereas, in the USA, Credit scores are massively more important and have a much bigger impact on your day to day life. Perhaps the general American influence on the internet spaces we reside in plays a part here. + +Just to not make this exclusively about the UKPF reddit - I hear this a lot anecdotally from family and friends, worried about their credit score. Does anyone else experience this and think it's OTT? + +If I'm right, what's a concise way of getting this across to family and friends? And if I'm wrong, in what UK scenarios is it really important? +With computers and financial data, anyone can just program Benjamin Graham’s formulas into an algorithm and invest based on it. Any time a stock actually becomes a value stock, the dip is quickly bought before you’ve even had time to digest the information. If it isn’t bought, it’s most likely a value trap. + +Additionally, for the past decade, if anyone asks for a book recommendation, one of the top answers has been “The Intelligent Investor”. The more people adhere to a technique, the less inefficiencies there are in the market with regards to that metric. By telling others to value invest, retail investors have literally been killing value investing, and Warren Buffett’s returns too. + +On Google trends, the Intelligent Investor had a slight bump over pre-2011 times, and that coincides with when Warren Buffett stopped outperforming the S&P500. +Edit to add: I've been reading all the replies. Thank you taking time out of your day to comment. After reading all the input, I'm convinced I should not quit on Monday. I will take advice here to try extra hard to find part-time work. I guess many of you are right - 20 hours at Starbucks would probably feel just as shitty as 20 hours in a finance job, except I would get paid 4x more at the finance job. I don't know. I realize I should think much, much more before quitting this thing. + +---- + +I'm 31 and I have just crossed over $500k invested between my 401k and trading account...zero debt. I have $50k in a checking account to last me a couple years without work. All my money is from me working, saving, investment gains. I live in Kansas City. I don't own property but I live with my elderly parents who are almost 80 years old. We are from Calcutta so it's not that odd for unmarried adult kids to live with parents. They are very independent both financially and in everyday life. My monthly expenses are barely $1000 since I don't pay rent. My parents absolutely refuse rent. But on their birthdays and holidays, I give them each a stack of cash, $1000 or so and I have to force it onto them, they don't want my money since they are FI but I just want them to have it. I spend probably $20k a year including those cash gifts. + +I will stay with my parents until they pass. I refuse to ever put them in a home. + +I don't hate my job but I hate wasting 9 hours of my life here every day. I am an analyst on my company's finance team and I earn $85k gross. I want to get a part time job where I work 3 days a week to get health insurance and spending money. I think Starbucks or Costco. I'd like to let my $500k grow to $1m in about a decade, then completely stop working. Why? Because 4% @ $1m will be enough to cover health insurance and spending. + +My other idea is to get contract finance jobs where it's only a 6 month term, make $25k to cover spending + health insurance, then I have 6 months off. + +I think I'm ready. I want to quit. I have my resignation letter typed up. I'm so scared. My plan is quit, decompress for a couple months, then go visit India for a month (I haven't been there since we left when I was 3 years old) then maybe start looking for part time work. Like I said, I have $50k liquidity set aside to last me a couple years. + +I'm going to think more over the weekend then quit on Monday. +I've got 35k in the bank. I make about 70k a year and I have few expenses. My credit rating is 690. Last year I was 15k in debt. I still live with my parents. I've come a long way but I get so frustrated because I wasted so much of my time not caring about my future. I worry that I'll never have full autonomy or be my own man. This has been a horrible year. All I do is work, exercise, and sleep. I've made a lot of sacrifices. It'll get better right? I look at some of my friends and they all have families and kids and houses and paid vacations and part of me feels like that will never happen for me. Can you still catch up at my age? + +Edit: Gang I appreciate all the responses. And thanks for tolerating my pity party instead of chastising me. I'm really glad I joined this subreddit. Had a bad head day last night; sometimes it gets really frustrating and lonely working this hard. To answer questions, I've been back with my family for two and a half years after almost going bankrupt. I'll be moving out in about six months once I reach my savings goals, I don't really want a family or to be married. I just want to get through all this hard work. I'm in the process of piecing together a gypsy lifestyle where I get paid/make money while I travel, which is really my current goal in life. Things are well, I'm doing okay, next year is going to be amazing. I'll keep doing research and taking some of your advice. Tomorrow I'm going to sit down and do some me work. I know its not a race, and my life is going to be pretty different than the norm, so comparisons to other people's happiness don't really work. Also I deleted all of my social media last year and I'm much better for it. + +Thank you very much for your time. I'll be picking all your brains again soon. +He exercised his call options. + +On top of that, he bought 50,000 more shares. The guy has *quadrupled down.* + +His last two tweets (the final ride and the ape/cat hug) indicate that he’s bought what he intends to buy and won’t be tweeting or updating anymore. It’s just a waiting game now. Sad, I know. 🥺 + +Last but certainly not least, he posted his update at exactly 4:20 and has tweeted exactly 69 times this week. + +*Fucking legend* +A dormant address containing 900 #BTC (33,780,931 USD) has just been activated after 8.8 years (valued at 4,625 USD in 2012)! + + +[source ](https://whale-alert.io/transaction/bitcoin/3629dcc7cdf65cf71c8eab67628ac933516fbffb8e30cab31df7534257f9043c) + +That guy must be the happiest MF alive right now. + +I believe this can happen to all of us. + +Have some faith, we gonna make it. +The gap between blue chip consensus and tracker estimate is interesting. But if tomorrow's number is anywhere close, that puts a definitive kibosh on all the talk about being in a recession, right? Or? + +https://www.atlantafed.org/cqer/research/gdpnow +Since we here are focused on equity performance and are (mostly) hoping the value of our investments rise, I'd like to remind everyone that the Federal Reserve had multiple members actively trading equities while formulating extremely bullish policies in March 2020-September 2021. + +Kaplan and Rosengren sold their individual stocks in September 2021. Some ETF holdings were also barred later in October 2021. QE taper was announced in late September 2021. From that point forward, equities have fallen roughly 20% on a market-weighted basis. + +[https://www.cnbc.com/2021/09/09/feds-rosengren-to-sell-individual-stock-portfolio-to-address-ethics-concerns.html](https://www.cnbc.com/2021/09/09/feds-rosengren-to-sell-individual-stock-portfolio-to-address-ethics-concerns.html) + +[https://www.cnbc.com/2021/10/21/fed-to-ban-policymakers-from-owning-individual-stocks-restrict-trading-following-controversy.html](https://www.cnbc.com/2021/10/21/fed-to-ban-policymakers-from-owning-individual-stocks-restrict-trading-following-controversy.html) + +Coincidences are sometimes just that. And yet, when the people who formulate monetary policy are actively trading individual stocks... right before selling near the top of the market... you begin to lose faith. I'd personally wait to buy back in fully until the next Federal Reserve board financial disclosure report shows the members buying en masse again. +So guys I am 15 and I am really interested in investing and earning money which is why i want to learn the right attitude and everything about this so I am ready once I grow older. My family is kind of in the middle class and I realized that if I want materialistic things like games (lol), I'm going to be the one that has to provide it for myself. It's not like that my mother doesn't give me the things I want, its just that I kind of feel bad. My parents are divorced and it is mostly my mother that provides for my sister and I(she is also helping with the financial needs of my grandmother)because when they were together she was the one that works while my father stayed home and took care of us. So when my mother left him because he cheated on her, my father didn't have anything to get money from. Right now he kind of has a small printing business which enables him to stand on his own feet. + +This the reason I can't wait to grow old and earn money so I could actually do what I want. I also want to help to improve my father's business and give my parents what they want. Sorry that I went way off topic guys, I hope this is allowed and won't get my post deleted haha. +Losing our life savings due to a medical event seems to be one of the biggest risk to our RE plans. + +It seems PPO's can't be bought without an employer group plan any more and many specialists and hospitals in the state do not accept HMO's or ACA plans. + +Without creating a legitimate LLC to purchase PPO plans, continue work or taking college classes, what health plans are you buying for your family? +I currently need to work about 2-3 more years (assuming no lengthy market downturns) to achieve what I perceive as a true FatFIRE retirement. Does anyone have thoughts, recommendations, encouraging slogans, etc. about how to work these last few years and resist the urge to simply retire now and live out ChubbyFIRE? + +The “problem” (which I know really isn’t a problem) is that—like most people approaching FatFIRE—I probably could retire now without much serious difficulty. We could downsize from our >$1M house with its high property taxes and upkeep costs, or cut back on the overseas trips and entertainment in our planned retirement budget. And even if I retired now my wife is going to keep working for some period of time making a low six figure income and continuing our health insurance (meaning we won’t have to pay a large line item in our retirement budget). For those of you that could comfortably FIRE but continue to work to become fat(ter), what keeps you going (besides sheer love of whatever you do to earn money, which I’m unlikely to consistently manifest)? + +For people who want the actual numbers, our current invested assets (so not counting equity in primary home, vehicles, and other personal property) are $6M, my FatFIRE target for invested assets is $7-8M, and our “fat” post-retirement budget is $250k annually (including taxes). +What's happening with Xebec? 53% down from the last month. The whole market is going down, but it seems like Xebec is going down more than the others. It's 10% down today already. Is something going on with it? +I'm a 24 year old with an allied health degree. I earn decent money given it's my second year out. Around 85k currently, looking to get past 100k next year. + +However, I absolutely hate what I do. I hate how specific my role is and I just won't last. I am either thinking of going back to study law or medicine (if I can get in), or alternatively looking to get straight into graduate programs considering I'm still eligible to a lot of generalist ones. + +Financially, I'm wondering how to best save while studying and get advice from people that have returned to uni so recently after graduating. I'd also like to know if anyone knows of any careers I could pursue without returning to study considering I have a very specific degree. I was thinking consulting but I don't know how to go about this and what companies I should look to. + +If I can get something that wil give me better progression/financial prospects I'd probably be happy. +Hi team, + +I was hoping for some more discussion on never ending VDHG vs DHHF debate. Slight differences in allocations aside (e.g. bonds, hedging etc) I was doing some maths this morning due to the unusually high VDHG distribution last quarter. Due to VDHG being made up on a bundle of its managed funds rather than the ETF versions, it means they are forced to pass on capital gains. I know the numbers are not perfect, I have rounded for simplicity, and the most recent VDHG distribution may be an outlier and skew that figure slightly north. + +DHHF distribution since inception \~1.5%; + +VDHG distribution since inception \~5.5% + +Assuming 100k holdings, that is a difference of $3500 per year in distributions (rather than capital gains). This would lead to 0.47 (the highest tax bracket) \* 3500 (the difference in distribution) = $1645 tax paid each year. This equates to **1.65% loss of return every year.** + +Further compounding this issue is the loss of compounding to that loss every year, and the ability to defer capital gains until a tax friendly period (with capital losses or reduced income to offset the liability). Assuming both return 8% and reinvestment of all proceeds (DHHF 1.5% distr, 6.5% cap gains; VDHG 5.5% distr, 2.5% cap gains) @ 10 years the totals are DHHF = 202k, VHDG 169k or 16.2% worse performance. Over 20 years the difference is 29.8%. + +Either way for those of us lucky enough to be in the top tax bracket (47%) we should be abandon ship and move to DHHF. + +PS: Even if the distributions normalise say to 1% difference between the two, it is still 0.47% underperformance for VDHG. Imagine adding that to the MER and then deciding which ETF to roll with! +About to deposit around $2.5MM into a brokerage account from a windfall. Give me the best brokerage considering the following. + +A few things that matter to me: + +* Margin rates at that NW +* Customer Service +* Might look to get a mortgage with variable W2 income +* Any perks or deposit bonuses(Amex partnerships, or other similar perks) + +TIA! +Have posted this in the 0xproject Reddit already but posting here to raise awareness so nobody else gets scammed like I did. 36+ hours ago I sent a request to withdraw my ZRX bought on Liqui.io. Nothing has arrived in my wallet, the TXID they provide does not show up on the block chain at all, as it does not exist (fake?). I made a support ticket 24hours ago with no reply. + +They banned me from Trollbox for simply asking if anyone else is having issue. If it's not a scam, at the very least their website is hugely broken and should be avoided until fixed, or at the bare minimum communication has been made as to why they are delaying/not processing withdrawals. I've searched Twitter and Reddit and found loads of other people reporting same issue, so very surprised anyone is even using their site now. + +Example > https://twitter.com/jfrag69/status/898846517800214528 + +Edit: Why the down votes? Legitimate post with plenty of other people having same issue... + +Update: another 24hours and same issue. Noticing many other people have replied to this post but do not meet the minimum account age/comment karma requirements to post in this sub as there are 46 comments but only 38 visible as of right now. I have seen all your comments show up on my phone notifications though, so thanks for your input :) If anyone has an idea of a better place to post this, so that others can contribute easily, please let me know. +At what price will you begin unloading your ETH +$300, $400, $500, $1000, etc. + +http://np.reddit.com/r/ethtrader/comments/5suw99/how_much_of_your_eth_holdings_would_you_unload/ +Today's MtGox release put the final nail in its coffin. Let's just discard MtGox entirely from our everyday discussions and move on. + +Today's release reminds me of a crime scene, where the crowd is watching, and a police officer shouts "Move away people, nothing to see here" +We all know the manipulation schemes of marker makers and institutional players, so we won't rehash that here. They know we have the keys to the endgame. SHF and MM know they are totally f'd via DRS. They know that if they had a way to short it to single digits they still couldn't do it because we would just lock the float within days. They are surviving days at a time and allowing the price to stay where it's at for a number of reasons, mostly because they know it won't induce FOMO and it will take a long enough time for us to lock the float. The question is, Long enough for what to happen? What are they waiting for? They hold all the keys to all the doors and yet they still know we have them dead to rights. What are they waiting for? + +They already know it's checkmate. We know it's checkmate. Why prolong the game? + + +[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!* +3 month moratorium was also highly debated but given that we were just getting started with COVID19 it was understandable. However now its not reasonable at all to offer another 3 months of no repayment, with no option for banks to classify it as NPA, and ratings agency cannot consider this in their ratings. + +Extension of moratorium removes all visibility from loan book/ NPA. Those who have not paid for 6 months will be looking to not pay at all! Just look at the [job loss and business destruction numbers](https://pbs.twimg.com/media/EYnrZmtWoAANWs2.jpg) - it is not pretty at all. Till the end of September, we wont know the actual impact of COVID19 on bank asset quality. + +Now if there is a wave 2 of COVID19 as many expect, and the situation in September is much worse than today with 10,000 cases a day and many more deaths, then will another moratorium be offered? + + +Coming to the customers - many of them think its sort of waiver of loans, when it is anything but! There is significant lack of understanding among middle/lower income sections and given that farm loan waivers are common in the country, many are now considering their loans as waived off. However the moratorium only imposes more stress on them - at a later date. The entire EMI for 6 months get added to the loan balance and interest is now payable on that too. So customers have to pay a higher amount eventually. + +A wiser move would have been an Interest rate waiver, but of course the government cannot afford that. Hence it must have kept shut instead of kicking the can down to unseen territory. + +RBI says its move is meant to boost economic growth. How will economy grow by destroying the banks? + +I hope for the economy's sake the banks challenge this in court. +Why is the Taxation of debt funds and Equity funds are way different. + +**Minimum Holding period for Long term capital gains** +Equity : 1 year or less | Debt : < 3 years + +**STCG** +Equity : 15% | Debt : As per the tax rate of the investor + +**LTCG** +Equity : 10% | Debt : 20% + +I had often heard that one should choose debt funds over equity if their investment horizon is short-term, I understand it is for the volatility of equity - but looking at the taxation for debt funds, It doesn't sound like a right idea to go short term in debt instruments. + +Are debt funds really good investments? +Apes are one hell of a fascinating breed of investor huh? I saw a comment way back in the early days that made me lamayo, wish I could credit the user. It said “Bulls think a stock will go up, bears think a stock will go down, apes rip your face and balls off” + +True words those. The investing world will never be the same. Ungodly amounts of money spent to hire the supposedly most intelligent people in the world to create sophisticated algos meant to exploit human psychology. FUD campaigns designed by people who supposedly understand human nature better than anybody. They didn’t understand apes. That’s the black swan. +Alright so put on your tinfoil hats and prepare those titties my ape friends because I have a theory I would like to discuss with you all. Before I start, I need to mention that this is in no way financial advice. I am just an ape who has dabbled in investing for the last few years but got balls deep into the GME saga just as you all did back in January. With that being said, I am going to reference some points that have been mentioned, discussed, and fact-checked many times here in the last few months, so if you're questioning any of the assumptions made here, there is plenty of DD to back up why I came to different conclusions. Now, to the juicy stuff you all came here for! + +Let's start with the question on all of our minds... **WHY THE SHIFT IN NARRATIVE BY THE MSM?** + +&#x200B; + +I can't find it right now (I will edit my post and put it here if I can find it again) + +**EDIT: Found it!** [https://www.reddit.com/r/Superstonk/comments/nuk6nk/the\_mainstream\_media\_changed\_its\_narrative/](https://www.reddit.com/r/Superstonk/comments/nuk6nk/the_mainstream_media_changed_its_narrative/) + +But I saw a post earlier either here or in the movie stock sub, talking about how its specifically been News Corp owned media talking about short selling in the last week. Now, I have my problems with News Corp, nobody should have THAT much ownership of MSM companies, but let's take a look a who's invested into News Corp, shall we? + +&#x200B; + +[Ownership of News Corp. according to FINTEL](https://preview.redd.it/nqhhify44x371.png?width=1252&format=png&auto=webp&s=79a7eb09dd6c93df76a0184513a0298e52bf5279) + +[https://fintel.io/so/us/nws](https://fintel.io/so/us/nws) + +Well well, look who we've got up top... our frenemies, **Vanguard and Blackrock**. Now, Citadel also owns a portion of News Corp, even increasing their position from 5 mill shares in Jan 2021 to 6.5 mill shares in March 2021, but combined, Vanguard and Blackrock own **more than 10x what Citadel does.** + +Now, we've all been suspecting that when the MOASS happens, the Fed and the Banks would throw some SHFs under the bus, **WHAT IF THE NARRATIVE IS STARTING RIGHT NOW!?** Think about it, if you wanted to create a scapegoat for when all this shit goes down, **wouldn't it make sense to start talking about these issues and start talking about how short selling stocks is a problem to market stabilization? THEY'RE PAINTING A CLEAR ENEMY TO THE MASSES SO WHEN SHIT CONVENIENTLY HITS THE FAN SOON, SHFs ARE THE FIRST PEOPLE EVERYONE WILL BLAME.** + +I know the media aren't our friends, so I've been wracking my brain on why they would be talking about this now... **ITS BECAUSE WE'RE IN THE ENDGAME AND THEY NEED TO THROW SOMEONE UNDER THE BUS SOON.** This is the ONLY way that any of this makes sense to me. + +I know I'm making some assumptions here, but it is awfully convenient that Vanguard and Blackrock are some of the biggest investors in News Corp, where we're seeing these stories. We have every right to be weary of the MSM, but I don't think they're talking about this for apes. I think they're talking about this for **THEMSELVES.** I would love some more discussion on this, but I feel it in my bones, we're so close. + +**TL:DR:** A post earlier mentioned we keep seeing the MSM stories about short selling on News Corp owned media. Vanguard and Blackrock are top holders of News Corp. I think they're running this narrative to paint the SHFs as the bad guys, so when the economy dumps and the MOASS happens, the masses will blame SHFs. Just like was predicted so long ago by apes smarter than I. BUY and HOLD my friends, the Tendieman cometh soon 💎 🙌🏼 🦍 🚀 🌙 + +EDIT 2: +u/CookShack67 posted some juicy info below too! Anne Dias is Kenny boys ex-wife and uhhh it did NOT end very well… + +Anne Dias (formerly Griffin) is on the board of the Fox Corporation. https://www.foxcorporation.com/management/board-of-directors/ +Basically. I refurbish laptops and sell them on both Facebook and ebay. +I have had a customer who was interested in 2 laptops at an agreed price of £790 for the pair posted fully tracked. +I received an email from + wiseonlinebankingservicess (at) gmail (dot) com +Payment received from (customer) £790. Required tracking details. Sent details and confirmed on hold from customer until parcel is displayed as *in transit*. +I have explained to the customer I will not be willing to post the parcel until the payment has been cleared and shown in my account. Due to being a platform I'm unfamiliar with. + +Do you think this is a scam? As seems suspicious to me. +Quite tempted to send a dummy parcel to see what happens. + +Notes from Y5 Finance Core team: + +**Luna Classic Listing with 1.2% Burn** + +Every buy and sell transaction of LUNC made on the Y5 CEX platform (launching on Monday July 25th) will be taxed 1.2%, which will be wholly sent to the LUNC Burn wallet (proof provided). + +Without a successful burn system, the token is beyond any chance of a revival. This process will inevitably be replicated by other exchanges in the industry and there are also plans for this to happen ‘on-chain’ - implementation at this early stage demonstrates our ability to compete with the front runners of the industry. + +**Motive for implementing:** + +-Aligns with our aspirations to ‘clean-up’ the crypto industry +-Supports a completely demoralised community +-The volatility of the asset still allows for the token to be traded profitably despite the tax. Since the start of June the token has an average low-to-high weekly trading range of c.98%. + + + +Y5 Finance was launched in January 2022, currently has two tokens (the Y5 Wealth Token and the Y5 Trader Token) and will be the first regulated CEX to support tokenomics. +[https://www.cbc.ca/news/canada/calgary/alberta-oil-production-new-record-atb-economics-1.6547704](https://www.cbc.ca/news/canada/calgary/alberta-oil-production-new-record-atb-economics-1.6547704) + +I own CNQ, CVE and ENB stocks, long-term investor (don't have plans to sell for 5-10 years), I keep on adding to my positions; however, the federal emission cap makes me wonder how long should my "long-term" be? +Just happened to stumble upon Indigo Books' stock chart...never seen such a slow - almost linear - grind lower for nearly a YEAR on a single stock the way IDG went down (not to mention the sudden drop off a few days ago after their shit earnings, like a cherry on the cake). Quite a sight. + +https://imgur.com/a/tpz4l0h +My mother in law recently came into some money after settling an over five year estate issue. She has been saying for quite some time she wanted to give us money and help us with things i.e. buying a house. + +While visiting my husband who is on a business trip last night she presented him with a check for $10,000.My husband is very grateful and excited, as am I but not knowing the tax repercussions worries me, and I have more questions. + +I'd greatly appreciate help answering any of the questions I have, seriously! + +1. Will we be taxed or have to pay additional taxes for receiving gift money? + +2. Can she gift us $32,000 without having to pay the gift tax since we are married instead of the $16000 per individual? + +3. Does her gifting us money put us into a different tax bracket? + +4. We are expecting our first child this November, can she help with medical expenses and that help be an exclusion from the gift tax? + +5. Do we have to pay capital gains tax? (Please remember I have no idea what I'm talking about which is why I'm coming to you 😊) + +6. Can she help us with a down payment on a house in a way that is excluded from the gift tax/gift tax amount? + +7. Is there a specific type of bank account any of you recommend opening to put gift money into that is similar to the first time home buyers or state medical savings that is pre-tax? + +Thank you for taking the time to read this if you did! I appreciate any advice you can give 💖 + +Update: Can I just say - WOW! Thank you all for the amazing responses, tips and tricks! It's very encouraging to the two of us to have learned so many ways we could utilize this gift and to have additional information not just for our own benefit but as a resource for my MIL as well. Once again the reddit community comes out to help 😊 +And I'm not worried at all thanks to my emergency fund. + +I'm a long time lurker of UKPersonalFiniance as well as many other similar subs and can't understate the importance of budgeting and having an emergency fund. I'll be able to support myself for another 6 months whilst I look for employment and I was able to continue with my Christmas shopping as planned due to budgeting for this event many months in advance. + +Around 350 of us will be losing our jobs and not receiving a salary this month. This has put many of my great coworkers in a very bad place with many of them having to use local food banks and they'll have to explain to their children why Santa can't visit this year. It's heartbreaking to speak to them about and I can only hope that this post inspires someone to review their finiances and take action to prepare for the future. + +Merry Christmas. +An increase from £150 previously. To qualify you need to switch over a current account with 2 active direct debits, must not have received a switch incentive from Nationwide from August 2021. +TL:DR Retail Owns the Float. + +Thinking back and looking at these past/recent post and just so I just thought I would recap to have it in one easy-to-find place. Feel free to add anything worth notingand I will edit it in. + +\* [Korean Ants purchasing 1.5m+ shares and counting since April](https://www.reddit.com/r/Superstonk/comments/n6o6co/koreans_have_bought_around_15million_shares_of/). OP-[/ButthurtFeminists/](https://www.reddit.com/user/ButthurtFeminists/) + +\*[Nordnet Showing rough average postion of 21+ Shares per user](https://www.reddit.com/r/Superstonk/comments/nkao2n/nordnet_now_show_how_many_users_on_the_platform/). OP-[/BadlyPk/](https://www.reddit.com/user/BadlyPk/) + +\[Nordnet allowing Votes up to over 329k votes and climbing. ](https://www.reddit.com/r/Superstonk/comments/nmz9wf/skandinavian_broker_nordnet_has_followed_avanza/?utm_medium=android_app&utm_source=share) OP- [/viggezy](https://www.reddit.com/u/viggezy?utm_medium=android_app&utm_source=share) + +\*[Average size of 15 shares for Swedish apes on Avanza](https://www.reddit.com/r/Superstonk/comments/nm5c0g/avanza_the_swedish_broker_who_would_not_let_gme/). OP-[/Kaverthas/](https://www.reddit.com/user/Kaverthas/) + +\*[900k+ Hong Kong Apes having issues voting average size of positions unknown](https://www.reddit.com/r/Superstonk/comments/nlyxkl/we_have_900k_hong_kong_brothers_and_sisters_who/). OP- [/dontdrop\_that/](https://www.reddit.com/user/dontdrop_that/) + +\* [Totally Relevant IMO- Hong Kong Apes can vote!](https://www.reddit.com/r/Superstonk/comments/nmvme5/hong_kong_apesss_using_futu_can_finally_vote/?utm_medium=android_app&utm_source=share) OP-[/Professional-Cow9439](https://www.reddit.com/u/Professional-Cow9439?utm_medium=android_app&utm_source=share) + +\*[Finra Shows institutional ownership between 41m-57m.](https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/) OP- [/InForTheSqueeze/](https://www.reddit.com/user/InForTheSqueeze/) + +\*[Killer DD about Short interest being 1000%](https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/)\+. OP-[/InForTheSqueeze/](https://www.reddit.com/user/InForTheSqueeze/) + +Edit 2[4.1m million Fidelity transfers just in Q1.](https://www.reddit.com/r/Superstonk/comments/nbku8x/if_fidelity_transferees_own_19_shares_each_theyd/?utm_medium=android_app&utm_source=share). OP- [/dwellerofthecrags](https://www.reddit.com/u/Dwellerofthecrags?utm_medium=android_app&utm_source=share) + +\*[Fidelity Customers own the Float](https://www.reddit.com/r/Superstonk/comments/n4w9as/fidelity_users_alone_own_the_float/). OP-[/cartifrog/](https://www.reddit.com/user/cartifrog/) + +\*[Fidelity customers just keep buying](https://www.reddit.com/r/GME/comments/msyhlq/fidelity_users_purchased_about_61_million_more/). OP- [/33a/](https://www.reddit.com/user/33a/) + +\* [Superstonk users ALONE hold between 27 million and 35 million shares.](https://www.reddit.com/r/Superstonk/comments/mzuodo/final_update_superstonk_users_alone_hold_between/) OP-[/TheCaptainCog/](https://www.reddit.com/user/TheCaptainCog/) + +\*[Wallstreetbets owns float at 6 share average with 7m Degenerates.](https://www.reddit.com/r/wallstreetbets/comments/l9hftu/with_over_7_million_subs_who_all_love_this_stock/?utm_medium=android_app&utm_source=share) OP- [/jordansgood](https://www.reddit.com/u/Jordansgood?utm_medium=android_app&utm_source=share) + +\*[Austrailia buying heavy.](https://www.reddit.com/r/Superstonk/comments/n9p5l8/aussies_have_entered_the_chat/) OP-[/pezza31/](https://www.reddit.com/user/pezza31/) + +Edit 1 to include the God Tier DD\* + +\*[Citadel has no Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/). OP-[/atobitt/](https://www.reddit.com/user/atobitt/) + +\*[The Everything Short.](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)OP- [/atobitt/](https://www.reddit.com/user/atobitt/) + +\*[House of Cards Pt 1](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/). OP-[/atobitt/](https://www.reddit.com/user/atobitt/) + +\*[House of Cards Pt 2](https://www.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/). OP-[/atobitt/](https://www.reddit.com/user/atobitt/) + +\*[House of Cards Pt 3.](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/) OP-[/atobitt/](https://www.reddit.com/user/atobitt/) + +\* 40000 UK apes hold on trading 212 according to the public hotlist. Its the fourth most held equity on freetrade as well according an article they put up out about most popular investments. If we say 40000 apes on each platform and 15 shares each (the same as the swedish broker customer average) thats 1.2 million UK shares 🇬🇧🇬🇧🦧🦧 OP- CCSSJJ[CCSSJJ](https://www.reddit.com/u/CCSSJJ?utm_medium=android_app&utm_source=share) + +\* [E Toro ownership at 1.5% of GME](https://www.reddit.com/r/Superstonk/comments/nmos5k/what_the_actual_fuck_did_etoro_just_say/?utm_medium=android_app&utm_source=share) OP-[/Silver-Reserve-3764](https://www.reddit.com/u/Silver-Reserve-3764?utm_medium=android_app&utm_source=share) + + + +&#x200B; + +Piggy backing off the Superstonk post we currently have 173k member active right now. Thats insane especially since WSB has 10m Degenerates and only 130k active. + +https://preview.redd.it/hcgxth458q171.png?width=1648&format=png&auto=webp&s=3cd190ba19f2555cb9c03b834a57077bbaec9afe + +I believe collectively we own the float many times over and I cant wait to ride this wild ride through the summer. Most of these links are 30-45 days old already and my gut tells me that all of these positions and shareholders have continued to buy and hold. The next few weeks should be fun. Feel free to send me dm with more proof of ownership posts I should add put it in comments and i'll keep adding as I remember/see them. + +&#x200B; + +Edit 2. + +[Just because this sub may get some more visability dont forget to Rock the Vote](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/)! -[/pinkcatsonacid/](https://www.reddit.com/user/pinkcatsonacid/) +I think swing trading is a fools errand. I just want to admit I have a gambling problem, and warn those who are new that the risk is very real that you can lose almost everything you put in with nothing to show for it but a handful of bad days. This is not a way to get rich quick, and it doesn’t matter how good you are at models/math/fundamentals/etc you won’t have a secret formula or edge against the market. Just buy passive instruments and make consistent contributions. I’m personally going into bonds. Idc if the returns are lower, at least they aren’t negative. + +Edit: Thanks for all the constructive feedback. I really didn’t expect this post to get so much attention. I unintentionally learned a lot and plan to start backtesting as well as trimming the amount of methods I use. Still plan to find a safe place to put my money while I do this, but will likely pour over some bond charts before committing to entry points. +RKT is exploding higher after Jon Najaran calls it out on CNBC. Up $7.73 as of this post + +now over $8 - flying breaks $33 a share + +wow up $10 flying thru $34 a share + +just hit $36 + +$37 + +$39 - ho hum + +$40 - + +Today was great... I was good or lucky, I’m not sure but I do know I took some of my profit from today and bought 100 share of AAPL +I see a lot of lithium stocks being discussed these days so I was wondering how you guys find a good Lithium stock. I was going through some of the reports from AZL and no clue what those numbers mean and whether it is a good estimate or not. Thanks in advance. +Hey, looking for some perspectives on studying medicine later in life. + +The anecdotes on Whirlpool and PagingDr seem very negative but I suspect that may be due to selection bias, which is why I am posting here. + +I'm a 30 year old commercial lawyer with 7 years post admission experience. I no longer enjoy my job and have tried a few different things to shake things up, including going in-house and now consulting for 3-4 month blocks at a time with my own incorporated legal practice. I'm terribly bored of my job and what it involves. I love working with people, listening, and using my hands, which are things I don't get to do much of in my day to day. + +I have the time to study over the next few months for the GAMSAT and apply for medicine. I want to hear some stories of people who have done this later in life. How did you manage financially? Do you regret the career change? How bad was the work life balance when studying and as an intern? + +Also interested in anyone else's perspectives if you have career advice. + +Some useful context for my situation: + +* I have enough savings to help for my first and second year of study at least. That, plus Austudy, should get me through financially. Worst case scenario, I have a campervan I can live in during the semester and parents 2 hours from either of my target universities (UoW and ANU). I have $100k in super so compound interest will do its thing over the next 30 years for my retirement anyway if I'm not adding to it over the next 5 years. No house or mortgage, or other significant assets. +* I burnt out in law a couple of years ago. However, thanks to some great medical professionals and a psychologist, I'm in a very resilient headspace now. I don't want to abuse my body and mental health in my new career. +* I can't see myself staying working as a lawyer long term. The thought used to utterly disgust me but after therapy it now just uninspires me. I will need to make some sort of change in the next few years. +* I grew up outer regionally and hope to work in regional/rural areas along the coast after graduating. +* If medicine turns out to not be for me, the degree itself would actually complement my current areas of legal practice if I were to go back to law. I often work with medical research institutes and universities, and science/medical backgrounds are highly desirable for permanent in house roles in those sectors. +* My earning capacity is probably lower in medicine than in law. Currently on $220k annualised when I'm consulting. This is probably my ceiling though as I'm not prepared to put in the massive effort to go beyond this. +Guten Morgen to this global band of Apes! 👋🦍 + +This is truly a unique moment in time. GME has forever transformed the way I think about investment. At one point in time, I'd invest significant time and energy into selecting stocks that I felt would deliver returns, and weeks like this would often hit my emotional state hard. I was invested both monetarily and emotionally, after putting so much effort into my selections. + +GME has taught me that being monetarily and emotionally invested doesn't mean that a 13% drop is even a bad thing. When you add Diamantenhände to the mix, recognizing that the temporary dip doesn't change the way you value the investment...It brings peace. I am far more emotionally invested in GME than I have ever been in another stock, but I've come to realize that the price is detached from the company potential. GameStop is in excellent hands, and they are making all of the moves that I could hope for. They are fundamentally transforming the business model to thrive, while also taking direct action against the predators that tried to cause and profit from the company's demise. + +I'm once again buying the dip daily, because I simply cannot see how this confluence of events doesn't lead to the MOASS. As each share hits ComputerShare, I like to think of it as the straw that finally breaks the camel's back. + +Today is Tuesday, May 10th, 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: **$101.42 / 96,05 €** *(volume: 2345)* +- 🟥 115 minutes in: $101.59 / 96,21 € *(volume: 2260)* +- 🟥 110 minutes in: $101.61 / 96,23 € *(volume: 2144)* +- 🟥 105 minutes in: $101.65 / 96,27 € *(volume: 2122)* +- 🟩 100 minutes in: $101.74 / 96,35 € *(volume: 2003)* +- 🟩 95 minutes in: $101.72 / 96,34 € *(volume: 1987)* +- 🟥 90 minutes in: $101.59 / 96,22 € *(volume: 1956)* +- 🟥 85 minutes in: $101.74 / 96,35 € *(volume: 1880)* +- 🟩 80 minutes in: $101.75 / 96,36 € *(volume: 1873)* +- 🟥 75 minutes in: $101.50 / 96,12 € *(volume: 1842)* +- 🟩 70 minutes in: $101.61 / 96,23 € *(volume: 1747)* +- 🟩 65 minutes in: $101.58 / 96,20 € *(volume: 1690)* +- 🟥 60 minutes in: $101.49 / 96,11 € *(volume: 1368)* +- 🟩 55 minutes in: $101.73 / 96,35 € *(volume: 1244)* +- 🟥 50 minutes in: $101.70 / 96,32 € *(volume: 1221)* +- 🟩 45 minutes in: $101.71 / 96,33 € *(volume: 1159)* +- 🟩 40 minutes in: $101.66 / 96,28 € *(volume: 1039)* +- 🟩 35 minutes in: $101.60 / 96,22 € *(volume: 1031)* +- 🟥 30 minutes in: $101.12 / 95,77 € *(volume: 850)* +- 🟩 25 minutes in: $101.16 / 95,80 € *(volume: 810)* +- 🟩 20 minutes in: $101.14 / 95,78 € *(volume: 774)* +- 🟩 15 minutes in: $101.00 / 95,65 € *(volume: 762)* +- 🟩 10 minutes in: $100.86 / 95,52 € *(volume: 638)* +- 🟩 5 minutes in: $100.83 / 95,49 € *(volume: 506)* +- 🟩 0 minutes in: $100.60 / 95,27 € *(volume: 385)* +- 🟥 US close price: $98.79 / 93,56 € *($100.00 / 94,71 € 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 1.0559. 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! +Seems interesting to me that all of these hedge funds are literally training GME holders how to spot their bullshit. This new generation of investors have come to the market because of their hate for hedge funds because we all lived through 2008 and it seems like every time we try to get a leg up we get fucked. Think about it. + +I am no pro at trading but the amount that I have learned in a short amount of time astounds me. What if this is the markets way of instilling trust in a new generation? Maybe this post should have been in shower thoughts. + +EDIT: My fat fingers always hit the wrong buttons and you can’t edit the title :( +I saw a photography exhibition at a museum recently and fell in love with the photographer's work. I did a Google search and found that prints of some of the pieces I like are sold by a gallery in San Francisco. + +I've purchased and commissioned art directly from artists before but this is the first time I'm considering purchasing from a dealer, and I have some questions. Hopefully some of you have been down this road before and can give me some orientation. + +1. Is it worth reaching out to the artist directly before going through a gallery? Or does the artist have an agreement to only sell through the dealer? + +2. Prices for the works are available only on request. I think I have a general idea of the price range based on auction results of similar works. Are the prices quoted by the gallery firm or is negotiation expected? + +3. I expect the gallery will know immediately that I don't have experience with this kind of transaction. Any tips to avoid being taken for a ride? +Spam transactions galore; fud on every crypto Reddit; hash power temporarily drained off to B cash. Honestly, we’ve seen every one of these before. Nothing is different. Each time this happens, newbies panic and buy some altcoin(s) and then they are left holding the bag when the value flows back to bitcoin and a new wave of users comes in, driving the price up to new highs and becoming the targets of the next alt pump. It’s a cycle that keeps repeating. +Well not exactly I put it there, the city archive where I live will store letters for 100 years. They will open them in 2122. I wrote a letter and also put the private keys for 100 $ worth in BTC. What do you think are the chances the network will be still up and running? What would be the block reward by then if so? What would you put in an envelope for 100 years? +Apes, it's starting to look a lot like things are headed our way. Lots of rules passed recently, financial institutions beginning to pull back, slip ups in the news confirming what we all know. Exponential curves and gamma squeeze charts, etc. + +One thing I learned from the war in Iraq was many of the news articles 'proving' weapons of mass destruction and that Iraq wanted to trade oil in euros instead of dollars disappeared after the war started, especially for big news agencies that are too big for wayback machine to archive. I had a big argument with someone at the time over an article I had a screenshot of but no longer existed in any written form on the source website. This was my introduction to information removal, which is a real thing. + +Save it all. Save every link as a PDF. Save every video, every DD you love, everything. Back it up. Someday, these things may be hard to find. Not because of any wrongdoing on the part of the authors, but because information has a tendency to disappear down the memory hole. + +Many users joke about reddit going dark when the MOASS happens, and frankly I think they are right. CNBC is already scrubbing the 'naked short' section of the clip from the show, this process is already happening. Whether they do it to prevent libel or to cover things up longer for the ptb, it's happening now and it's likely to continue. Save it all. Don't bookmark it, save it. + +I sincerely hope I am not the only one with this mindset. + +EDIT: Clarity. +I've seen a lot of T+21, T+35, S&P trends, etc being propped up this weekend. + +I've also seen a lot of comments reminder users that crashes historically happen on Mondays. + +To me it sounds like a lot of build up for maybe nothing. + +Don't be disappointed if GME doesn't moon on Monday. If you still believe in the original reasons you bought, no reason to change. The votes haven't been counted. The transition hasn't been completed. +We are on our way to FATfire and are currently LEANfired. Looking to own and operate a small business that requires higher startup costs. Higher risk/higher reward, such as a construction business (excavation?), HVAC, plumbing, electrical. My husband has been farming his whole life and has recently taken to rehabbing real estate rentals. He is starting to get a handle on construction, electrical, plumbing and contracts. I handle our finances and excel at responding in a timely manner to potential tenants or clients. We would like to couple our real estate businesses with a real estate related improvement business. Does anyone here own an HVAC, electrical or plumbing business? Thoughts on that path? +I have seen so many posts on the front page about this bill that “killed crypto”. Killed? Lol what are we talking about. Last time I checked all my crypto is in the green, and everything is working just the way it’s supposed to. + +Yes the bill is bad for adoption in the US but as many American entrepreneurs have themselves said, “innovation will move outside the US”. That’s the beauty of decentralization. No central entity, even if it’s as powerful as the US government can kill it. All you need is an internet connection. + +There’s a whole thriving world out there. Nothing can kill crypto. +Hi i currently have a 2 year fixed mortgage at 1.8% until Jan 24. I owe around 65k on itt and can make additional payments upto 6k. After this the rate will go to 6.5% which im aware could change. But i doubt it'll go back to 1.8%. + +My question is, is it worth making thr additional payments or just leaving it in savings for now? Was thinking it means paying less when the interest shoots up at the end of the fixed rate deal. +I live in London zone 3, I'm 23 years old and earn 22k a year. When I was at university I received a 10k inheritance. I spent about 4k of it in a year and felt so bad that I've had a sort of money spending phobia ever since. This has led to me saving a lot, but recently a few people close to me have pointed out that maybe I'm a little too uptight. + +This is my monthly budget after take-home pay of £1520: + + +* Rent - £333 +* Travel card - £148 +* All bills - around £100 +* Phone - £20 +* Food - £80 +* Social - £80 (I don't have many friends, so I give myself £20 a week for like brunch or something) +* Gym - £30 +* Contact lenses - £25 +* Personal spending - £100 (I usually use this for a haircut or replacing old clothing) + +* Saving - £500 + + +That leaves me with about £100 a month left in my bank account. + +I've been working this job two years and have now saved £12,000 + the £6000 inheritance, so £18,000. I know I'm probably doing better than most people my age (in terms of saving), but I still feel stressed about and miserable about money! I love fashion and work in the industry, but feel guilty if I so much as buy myself a cheap top from Primark. I used to love doing my makeup, but can't justify buying it anymore. It doesn't help that my friends come from wealthy families and many of them get handed housing deposits (if not outright houses) alongside holidays and pocket money from their parents. I just don't feel like I deserve to spend money, yet even if I save up for years and years I will never be able to afford my own house. + +Rant over, just wondering if anyone else ever feels like this? Should I carry on as I'm doing or lighten up a bit and treat myself? +After reading [this post about housing costs](https://www.reddit.com/r/personalfinance/comments/6qnhel/how_much_of_your_salary_should_typically_go/), I made [this chart](http://imgur.com/ga2Tusg) to help people. The chart also shows how people with higher incomes would have an easier time spending only 25% of their income on housing versus 33% or more. + +**Edit** - Please note that this table is only a *general guideline* based on the common claim that a person should spend *a maximum* 25% to 33% of their income on housing. Your particular financial circumstances may mean you spend more or less. You can assume that the income figures in the table are pre-tax because that's how most people think of their income. People have asked if the figured include things such as utilities or insurance. That answer is up to you and your budget. The table is only a general guideline. + +**Edit 2** - The 25% to 33% figures represent a *maximum* figure. If you spend less on housing, fantastic. Many people spend much more. Again, the table is only a general guideline. + +**Edit 3** - Yes, I used a figure of 2000 hours/year instead of the more traditional 2080. Now I know I should have used 2080. +I bought a house with a 2.99% vacation/2nd home loan with a 10% downpayment. I am currently doing the renovations. If I were to refianance after the repairs, I would have a worse rate. If I refinanced in a year from now, when the value should be higher and I could pull more equity out, but the rate would be even worse. + +Is BRRRR still worth it in a market where mortgage rates are going up? +I’m a noob. I live in the Metro Detroit area, and found a house for 80k…comes with a month to month tenant. My question is can I just call the listing agent and ask how much they’re paying for rent? It would obviously be helpful when running the numbers….any advice would be appreciated + +Thanks +Yo! + +So I have an opportunity to get into an investment property. A person is known for quite some time has shown interest in these things as well. We ran into each other and chatted for a minute and realized we have these similar interests. + +We got lunch and conversed about possibly going in together to buy this property. Now I only have enough liquid to buy the place but that will tap me pretty much. He would then put down the money to rehab the property then we would sell and each of us would get our money we put into the property then split the profit. + +My questions are: + +Should I find a way to do this myself and hire him as a GC and pay him to do the work and get all the profit? (The value I see him bringing is more clients for me and added capital) + +What is the best way to contractually put a number on labor? + +Is this something you have done or heard of working well? +So I (22f) since the age of 17 I have been with the same man, I was going to marry him, we have a mortgage and 2 year old daughter. It was very happy realtionship and household, I thought. + +I found out he cheated and I can't stay with him. Due to childcare, I only work a part time job, earning £800 a month (he works full time and will have our daughter Saturday and Sunday, EDIT: and half a day Friday). +Edit: he works Mon to Fri and earns about £3000 a month. This can be less or more depending on overtime. Our child isn't in nursery and the only childcare she recieves is from family members. + +We have to seperate, I have to move out but looking at renting prices and costs of livings, i feel like there are no options. Renting a two bed with bills would be 100% of my wages. I could maybe afford food for me and my daughter on the £80 monthly child benefit and £50pw child maintenance from my ex fiancé. (when using the gov calculator he would have to pay me £70 but he thinks that's unreasonable) + +But how do I run my car so I can work or afford basic essentials for myself? I also have medical prescriptions I have to pay for. +Where do I go from here? I will get a little equity from the house sale but don't want drain that on bills.