diff --git "a/reddit_finance_43_250k_290.txt" "b/reddit_finance_43_250k_290.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_290.txt" @@ -0,0 +1,10000 @@ + +The United States Government šŸ‡ŗšŸ‡² has a service set up to help assist you with any queries or claims here: https://www.usa.gov/unclaimed-money + +Edit: For Canadians šŸ‡ØšŸ‡¦: + +https://www.canada.ca/en/financial-consumer-agency/services/banking/unclaimed-balances.html + +Edit: If you live in Britain šŸ‡¬šŸ‡§: + +https://unclaimedassets.co.uk/trace-forgotten-funds + +Last edit: + +France šŸ‡«šŸ‡·: + +http://www.afb.fr/ + +Australia šŸ‡¦šŸ‡ŗ: + +https://www.moneysmart.gov.au/tools-and-resources/find-unclaimed-money + +New Zealand šŸ‡³šŸ‡æ: + +http://www.ird.govt.nz/unclaimed-money/ + +Switzerland šŸ‡ØšŸ‡­: + +http://www.swissbanking.org/ + + +Edit again: Thank you to those who shared their successes with me. It's very heart warming šŸ˜Š Remember to get your family members and relatives to check too. +Some Apes said I should repost this comment from the RC tweet post. + +Hell Yeah RC!!! I've said it before and I will keep saying it as long as this crazy bastard keeps tweeting it!!! INJECT THAT SHIT STRAIGHT INTO MY VEINS!! + +Apes, Ryan has **everything** that someone would normally "want". He worked hard, built an awesome business, and made a fuckload of money. RC could just vibe for the rest of his beautiful life. + +DOES HE????? + +DOES HE!?!?!?!?!?!? + +Fuck no he doesn't. He goes after Wall St. He takes on BCG! He calls out the mother fucking FED!!! My guy has got a lot on the line, HE'S GOT IT ALL ON THE LINE. And he is straight up calling a spade a spade and šŸ’© a šŸ’©! He is working not for **his perfect world** but for **OUR PERFECT WORLD** + +This is fucking leadership! Honestly, I think he is more pissed than I am... and quite frankly I'm impressed. + +They ruined my parents in '08. It crushed my dad. It fucked me over trying to get into the job market at that time. And what did the government do to punish them? Oh yeah, nothing! + +The FED and Wall St are fucking ruining our financial future. The are printing our currency out of fucking existence. Wall St, "Oh shit, umm our reckless derivative gambling is coming back around to fuck us in the ass! What should we do?" Also Wall St, "Print dollars until they are monopoly money and tie every person's hard earned pension to it! that way when it crashes nobody has anything and we can all get a bailout!" + +What about the housing market? What about that shit? People can't buy a fucking house! Rents are more expensive than what mortgage use to be. Banks could give two fly fucks less what they do with your money once you deposit it. They use that money to fund their favorite coke rat and their gambling problem. + +Oh, you built your assets on commercial real-estate? Can't have that go tits up, tell everyone that the job they could do from home has to be done in the office. More time with your kids and family? Fuck that, daddy needs his downtown skyscraper to appreciate in value or he can't afford his third family and his yacht's indoor lazy fucking river. Fuck you! + +Want people to be able to go to the doctor when they are sick? Fuck that! You have to have a job to get health insurance. "Well at least they are working so it won't be so expensive right? Got to encourage the poors some way!" Nah, fuck that. You have to pay to have insurance and then also pay additional money to use it. What the actual fuck? And you have special health, that's A FUCKING ELECTIVE apparently. Want to fix your teeth? Extra. Can't see shit? Extra. Oh got really sick with cancer? Extra. Need medicines THAT WE CAN MAKE FOR NEXT TO NOTHING? Extra. + +**Isn't funny that we heard that the banks were overleveraged 100:1 and RC is pointing out that they have printed 80% of all U.S. currency since 2020? Somebody is trying to print their way out of the shit hole they dug!** I see what you are saying RC! + +Ryan, I got you man. I will fucking follow you, Helm's mother fucking Deep style! I am your Haldir baby!! This is my ride or die moment of my life. TAKE MY MOTHER FUCKING ENERGY! Ryan has everything to lose, so when this shit moons and I finally have something to lose too I'm fucking paying Ryan back, and Imma hodl my shares forever! + +Remember they can't turn off the buy button if apes use **COMPUTER-FUCKING-SHARE!!!** + +DRS your shit, fuck those hedgies. I'm not selling until.... Fuck that. I'm not selling. Let's Fucking Go APES! Ryan just sounded The Horn of the Helm!! Which one of you motherfuckers is Gandalf? + +See you motherfuckers in the metaverse! + +šŸ¦šŸ¦šŸ¦šŸš€šŸš€šŸš€šŸ“ā€ā˜ ļøšŸ“ā€ā˜ ļøšŸ“ā€ā˜ ļøšŸ“ā€ā˜ ļøšŸŒšŸŒšŸŒšŸŒā›ā›ā›šŸ§±šŸ§±šŸ§± +A little back story here. I make $135k pre tax, and my wife makes about $80k. We have two mid-size houses. Live in one and renting one out. Still making mortgage on both, net pay about 3k per month for housing expenses (mortgage - rent income + utilities). + +My wife's family is well off. Her mom lives in a giant 6500 sq ft mansion in a really expensive neighborhood by herself. She recently wishes to move out of that house and she wants us to move into that house. The house is worth $2 million on paper, but it takes almost a year to sell one in that price range, and in that neighborhood. Plus, she doesn't want us to sell the house, it's one of her conditions on "giving" it to us. The other condition is that she wants us to give $350k equity in cash to my wife's younger brother. The house still have about $400k mortgage on it, and the payment is about $2k, but the maintenance such as HOA, Property Tax, Utilities and general maintenance together is close to $3.5k a month. + +Don't get me wrong, this is a really beautiful and amazing house, with 5 bdrm, 5 bath, a sauna room, and two full kitchens, and it's located in a very prestige neighborhood with the best schools in the entire state. On paper we can afford it, but man this is way too much housing just for the two of us, and even with two kids we planed for. If we do take it from her, and rent out our current house, it would just be breaking even with the mortgage, and I am just doubled our housing expenses (from $3k to $6k) a month, and basically killed my FI plan. And if we pay her brother the cash, we'd be asset rich and cash poor too. We both love to FIRE, and we are well on our way there with our current situation, but this decision could end our plans for good. + +I am not sure what to do at this point. Should I refuse to take it over? +A little back story here. I make $135k pre tax, and my wife makes about $80k. We have two mid-size houses. Live in one and renting one out. Still making mortgage on both, net pay about 3k per month for housing expenses (mortgage - rent income + utilities). + +My wife's family is well off. Her mom lives in a giant 6500 sq ft mansion in a really expensive neighborhood by herself. She recently wishes to move out of that house and she wants us to move into that house. The house is worth $2 million on paper, but it takes almost a year to sell one in that price range, and in that neighborhood. Plus, she doesn't want us to sell the house, it's one of her conditions on "giving" it to us. The other condition is that she wants us to give $350k equity in cash to my wife's younger brother. The house still have about $400k mortgage on it, and the payment is about $2k, but the maintenance such as HOA, Property Tax, Utilities and general maintenance together is close to $3.5k a month. + +Don't get me wrong, this is a really beautiful and amazing house, with 5 bdrm, 5 bath, a sauna room, and two full kitchens, and it's located in a very prestige neighborhood with the best schools in the entire state. On paper we can afford it, but man this is way too much housing just for the two of us, and even with two kids we planed for. If we do take it from her, and rent out our current house, it would just be breaking even with the mortgage, and I am just doubled our housing expenses (from $3k to $6k) a month, and basically killed my FI plan. And if we pay her brother the cash, we'd be asset rich and cash poor too. We both love to FIRE, and we are well on our way there with our current situation, but this decision could end our plans for good. + +I am not sure what to do at this point. Should I refuse to take it over? +As with all Burry tweets, the wording is very specific and deliberate. Think of both the email tweet and the Excel sheet tweet, he is providing evidence that he is OG about cellar boxing and the 04-05 timeline which was unearthed this weekend. Now is he providing evidence he is OG on GME specifically and the wording is very important: although we love the company, right now we are in this play for the MOASS, long-term holding is for later. I believe holding LONG and holding for a SQUEEZE are two different plays and the distinction in his language is trying to communicate this, without having the SEC and FBI visit again. + +He also uses the word RATIONAL. Nothing that is going on in the market and that is being brought to light is rational, it is manipulation and illegal. + +Lastly the hashtag is going to get trending (hopefully) judging by the level of interaction with his tweet even now. Why tag GMESQUEEZE if not to tip your hat off that this is the play. +Hi all new here so let me know if breaking any rules. + +Can anyone recommend some funds or trusts to look into. I want to diversify my portfolio a little and get into the environmental market, specifically electric cars. Seeing Tesla and Nio do so well recently I hope I haven't missed the boat. Don't want to go into individual companies as I'd rather spread my risk. + +Any advice where I should look? +Thanks +I see a lot of Freetrade love in various Reddit & Facebook groups but my understanding is that Trading 212 is far superior. I wanted to produce a simple table that shows the advantages but I've closed my Freetrade account a while ago. Would anyone who uses Freetrade be willing to check my Freetrade facts and point out any advantages of Freetrade I've overlooked please? + + +EDIT: Image updated following feedback (Foreign Exchange Fees & Funds Deposit methods) + +https://preview.redd.it/480x92qspwh41.png?width=1540&format=png&auto=webp&s=bcf4f114c5d0a02235c3472e535204c24cecd7a4 +As title says, how much do you try to invest and how much to try and save? + +If you aren't comfortable of sharing your savings, then a ratio or percentage of investments to savings would be nice +https://www.investegate.co.uk/games-workshop-group/rns/annual-financial-report/202007280700032267U/ + +EPS up 8%. Given they shut the business down for 6 weeks of the year that's not bad at all. +[Their holdings look pretty interesting](http://www.morningstar.co.uk/IntroPage.aspx?site=uk&backurl=http%3A%2F%2Fwww.morningstar.co.uk%2Fuk%2Ffunds%2Fsnapshot%2Fsnapshot.aspx%3Fid%3DF00000MLUS). + +Top 5 Regions % + +* United States 45.58 +* United Kingdom 22.85 +* Eurozone 8.68 +* Japan 6.94 +* Asia - Emerging 3.93 + +From what I understand 45% US is relatively low - maybe in anticipation of a downturn. Why is the holdings in the UK so high? Offsetting the costs of exchanging sterling for other currencies? + +Do they have letters to investors anywhere? + + +**Ok, Iā€™m just gonna get right into the meat and potatoes. I am not an expert. Iā€™m not a financial advisor. Iā€™m quite a smooth brain and Iā€™m putting my thoughts out there to learn more than anything. Please correct me on any mistakes I am making. But given my knowledge, this is what I see.** \**Also note I wrote this to share my thoughts with family members and friends who arent involved in this (yet!) so forgive some of the oversimplifications of some parts and over-explaining of others* + +Between the top to index funds containing GameStop and the top ten institutions holding shares, the % of total shares held is already at **214.93%** (**PLEASE see edit 1 for a correction of this claim**), or **OVER A HUNDERED AND FIFTY MILLION SHARES**. With the total number of shares held by the company and not put out for sale equaling about 20 million of the 70 million total of the company, only 50 million shares should be held by outside investors and able to be actively traded. Ownership by institutions and mutual funds is already triple this (FIRA data taken from [https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.59.0](https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.59.0)). + +&#x200B; + +https://preview.redd.it/yuwobuhdjfs61.png?width=482&format=png&auto=webp&s=bc499b64117c67fc702831fcf8d34023ea0468d2 + +https://preview.redd.it/4cks6y2gjfs61.png?width=459&format=png&auto=webp&s=0ad2f67a16c0fd3b087270df1cce7e1b1d0323eb + +**Not only does the price reveal the falsified nature of the reported short interest** (the fines for lying about this are pennies in comparison to what they have to lose), but also has some **incredible implications for the magnitude of the squeeze.** + +**Where do these shares come from?** Hedge funds writing NAKED SHORT CONTRACTS in which they sell a shorted share despite it not actually existing or being held by the fund. This allows them to drive stock prices down by diluting the market and has long been a scummy tactic for making a quick buck by shorting a stock, driving the price down, and profiting off the dip. They have been using these same tactics to try and shake investors off of GameStop. It has fortunately not worked and now they are in deep shit. This number of shares held by institutions alone (which doesnā€™t even account for the mass of retail investors who have been religiously picking up shares over the past few months) implies at least a 200% short interest. That is a historic level and, given that it only accounts for the top to mutual funds and institutions, is likely much lower than the actual number. THATā€™S INSANE and if this thing ever gets off the ground the price could go up tens, even hundreds of thousands of dollars within a matter of days or even hours. This is a powder keg waiting to explode and hedge funds long on the stock (who believe the price will go up and are on the side of the squeeze) are doing everything they can to make it happen. It honestly just seems like a matter of time. + +**Price Dips:** + +As of the last trading day, April 9th 2021, the price of GME dropped approximately $12 a share. Normally, price drops of this magnitude indicate selling from investors exiting their position on the stock. These drops also have a psychological effect in which people panic sell to exit a falling position. + +**So, what was the buy/sell ratio of Gamestop by retail investors?** OBVIOUSLY, a day this far in red would both be caused by, and cause, people to sell off their shares? Right?? + +Well, if we take a look at Fidelity, an investment platform for retail traders, Gamestop had a 5 to 1 buy/sell ratio. For every sell transaction input to the broker, approximately 5 buy orders were placed. **Thatā€™s incredibly impressive even on a green day, but downright insane on a day this far in the red**. + + + +https://preview.redd.it/tl4kb0f1kfs61.png?width=624&format=png&auto=webp&s=3d54be3eb7e94ab25957b848ad0f24f930dcb1e7 + +**This shows two things:** + +**1.** **The price drops are not caused by people selling their shares.** + +**2.** **The price drops are not having the desired effect of shaking off investors.** + +Hedge funds short on the stock have multiple ways to drop the stock, either by selling further naked shorts or other, more complicated methods. Itā€™s highly unlikely that these dips are the result of anything other than this manipulation. Fortunately, they arenā€™t working, and if anything, are just digging the hedge funds into an even deeper hole once they are forced to cover. + +**Media Misinformation and Corruption:** + +Checking the news evidently gives a very bleak outlook on the Gamestop situation, with articles for months reading **ā€œForget about Gamestopā€**, **ā€œGamestop is over, check these stocks out insteadā€,** **ā€œRetail investors Burned by GME pump and dumpā€** etc. They have been saying this is over since the first squeeze. They said it was over right before GameStop soared again all the way up to 350/share last month. They do not cover any positive news on Gamestop, and even spin the positive progress towards transforming the company in a negative light (when certain executives resigned and were replaced by hard hitting ecommerce leaders handpicked by Ryan Cohen, most media outlets painted the departure as them jumping from a sinking ship rather than the incredibly positive change for the company it actually is). They have proven, time and time again, that they are not on the side of truth but on the side of the wealthy investors trying to cover their own asses by filtering what sort of content is published by the media outlets they have so much sway over. The research speaks for itself. I believe that a hell of a lot more than the unsupported, uncited, hit pieces that try to divert attention from the mess Melvin Capital and Citadel (and friends) have gotten themselves into. As indicated by the buy/sell ratios on retail investment platforms, so do most investors. People are not falling for this. Most retail investors are simply buying our time and waiting for the inevitable catalyst that sends us into space. By bombarding investors with constant waves of Fear, Doubt, and Uncertainty, they have only hardened our resolve and proved the lack of weight behind their words. + +**TLDR:** I like the stock. If you like the stock just HODL. Cracks are forming on the short side and this thing is primed for liftoff. + +**EDIT1 please read**: +It has come to my attention that there are repeated institutions and funds on the FINRA data. While I believed in the legitimacy of the data and assumed these were slightly different from each other (that happened to share similar names), it is now clear that the data itself is flawed in that it reports multiple entries for firms like Fidelity and Blackrock. HOWEVER, if we recalculate these values while eliminating duplicates, **we still end up with ownership of 59,815,466 shares, which is equivalent to about 85% of the total shares and 132% of the float**. While not the home run value I reported previously, **this is still incredible news**. Keep in mind that this is just the top 10 (or really top 6 after removing duplicates) institutions and we already have **ownership of more than 100% of the float**. Including smaller institutions and what I suspect to be a further 100%+ ownership by retail, this stock is still primed for the ride of a lifetime. +I will be buying my first apartment in QLD shortly. I have never owned an apartment before, house yes, so looking for do's and dont's, things to be aware of with Body Corp, etc. Just trying to gather info to steer clear of any common mistakes. +Hi folks. + +Title question largely speaks for itself. Here's some details: + +* Are you expecting another crash in 2020 and holding cash to take advantage of it? +* If so, what percentage of your portfolio do your buy-in cash holdings represent? +* Have you actively sold any securities in anticipation? Or purchased gold/bonds/currency? +* If you expect a crash in 2020, what events (if any) could you imagine being a catalyst? + +This post does not intend to pre-suppose arguments for any of the above, or suggest 'correct' answers. I'm just curious as to what the community thinks. + +*P.S., if you want to downvote this post, please do consider letting me know why. I'm always keen to learn where I've gone against community standards; I learn nothing from silent downvotes.* +It's interesting how AMC can run 400% in a week and in one night all the posts disappear and BB takes its place as the number 1 talked about stock. I'd also like to point out that when gamestop ran like crazy, WallStreetBets gained over 8 million autists. I don't think we are even seeing 100,000 new autists with this run. And the market cap of AMC went 3x what GME did. I just have this awful feeling that we might have been infiltrated from the inside. You are seriously going to compare BB to AMC? We own 80% of AMC and it is shorted 20% that we know of (plenty more that we don't). 43% of BB is owned by institutions and shorted 10% that we know of. I think something is up. Keep the posts and buying going for AMC fellow autists and we will all be sipping margaritas on the moon. šŸš€šŸš€šŸš€ + +Edit: Jesus Christ you smooth brained fucks, I had to turn my notifications off because my phone was burning a hole in my pocket because of the friction from vibration. Also thank you for all the awards! (Trying to message everyone a thank you). Just another note, Stocktwits has AMC messages at 164,000 messages in 24 hours vs BBs 22,000. The squeeze has not been squoze! Now I'm going to do some reverse psychology. Everytime a post blows up, the OP sometimes says "StOp WaStInG MoNeY oN aWaRdS" you retards then proceed to 10 fold the awards. That being said, SEND THE AWARDS! Apes can't compute instruction so this should send AMC to at least $100,000. (I tried to think of a conservative price) +Long term reader/subscriber but not an often poster :) + +I would just like to thank everyone on this sub, for changing my life. + +Two years ago I had no savings to my name, high outgoings on crap and drinks/drugs. + +Thanks for the posters and advice on this sub I have managed to stop everything and tried to hard to save my money and get a mortgage. + +Today, I picked up the keys to my first house and can finally have my own place, and everything else is looking up. + +I hope others have managed to do what I have done, with the help of this sub. Thank you! +[If you are among the 20 million Americans saving for retirement through Vanguard, you may be in for an expensive shock.](http://www.msn.com/en-us/money/companies/vanguard-whistleblower-could-get-billions-in-tax-dodge-complaint/ar-AAfZT9w?li=BBnbfcL) + +Vanguard is under fire by former Vanguard tax lawyer alleging that the company's low fees are an illegal tax dodge. This could potentially warrant up to 35 billion in tax penalites if the case has merit. + +EDIT: +I know the title is scary, but there is no reason to worry or panic. The case will be tied up in court for quite a while, and if it is ruled against Vanguard, it would only effect rates in the future going forward. If the rates that they charge were to go up by an extreme amount, you can just rollover the money into another investment fund. +Tell us how long youā€™ve been working on your algo, how much youā€™ve lost or gained. + +Do you make a living off it or only side cash? + +Is your algo auto-trading? Or are you manually running the orders? + +Are you swing trading or day trading? + +Thanks, hope this helps some in this group, and gives everyone motivation. +Hi guys, come to check out [UniBit API](https://unibit.ai/docs#Stock_News_Analysis). I work at the company and it's pretty awesome. You can retrieve a bunch of financial datasets from the site. From realtime stock price, fundamentals, insider transaction to stock news, and you get free 500k credits by just creating an account. + +Most of the financial indicators are parsed from the SEC filings and updated daily. Our news API is pretty convenient, it offers all sorts of analytics for each news article to each asset you trade. + +Also, hereā€™s the official [Github](https://github.com/unibit-api/python-unibit) repo for SDK. + +Give us any feedback that you may have, or any datasets that you'd like to see! +I'm quite new to this IPO game. I don't know why the previous IPOs such as *Burger King*, *Mrs Bectors*, etc., didn't excite me very well. + +Then I came to know about this **Anthony Waste Handling Cells** company which is gonna be listed on coming **January 1st.** + +I've read their financials and amazingly it's performing well. I personally like to invest in *green companies*. According to my research, their peers haven't yet listed. + +So, kindly place your valuable perspectives about this company down this post. + +TIA :) +I'm a huge motilal oswal fan since they gave us an easy to access mid & smallcap index funds. They also provide the S&P 500 and Nasdaq 100. + +However +1. Unfortunately fund size of the international varients are tiny compared to Franklin Templeton US fund. The Indian indices are tiny to active counterparts too which is why I guess they are charging higher MERs than some active funds to make it profitable at their current AUM. + +But they are young schemes and it could change. AUM is key - without size and flows, other houses won't try to match the offering and investors won't maximize the "Low cost" aspect of this style of investing. As can be seen, Sensex and nifty 50 funds are at 10 basis points due to competition and nifty next 50 is seeing some competition now too driving costs lower. + +2. Variety - no competition means no driver for choice too. Would love to have a FTSE 100, S&P Europe 350, Nikkei and TSX index choices for global diversification but we have to stomach the higher MERs of active funds for these international market exposures currently + +It isn't improbable if the money goes there like in the case of Vanguard who are able to offer US customers emerging market indices at low cost - international and cheap. No need for the Indian fund house to advertise it like crazy. You'll have active believers to charge especially in a country like ours so here's praying. +> Billionaire metals and mining magnate Anil Agarwal on May 11 announced a proposal to delist Vedanta from the Indian stock exchanges with promoter group Vedanta Resources making an offer to buy out the 48.94 percent non-promoter shares at Rs 87.5 per share, which represents a premium of Rs 9.9 percent over its May 11 closing market price. + + + +https://www.moneycontrol.com/news/business/anil-agarwal-set-to-delist-vedanta-from-domestic-bourses-5257521.html +Anyone have any experience with becoming obsessed with your number, reaching the number, checking NW daily, and ultimately moving the number a bit higher and higher... etc.? + +I feel like a year ago I had a number in mind, but then we sock away a bonus here, this or that investment does well, and suddenly the target moves and I think "once we reach XX we can relax." + +Someone recommended hiring a flat fee financial planner so they can model out our plans and I can get some real numbers and probabilities. But that's $1600 bucks we could use to pay off more mortgage. Once you are in the FIRE mindset, it almost becomes a fun came to plow every dollar into it but what if it becomes unhealthy? :) joking, sort of.... + +How do you find a healthy balance between prudent FIRE frugality, and living a comfortable life? +Recently transitioned to a Horizons TRI (unregistered) and Vanguard DRIP (registered) portfolio for 90% of my assets. The other 10% are dogs I still believe will turn around. + +I used to waste so much time on this and there are hobbies and life etc. but how do you peeps stop yourself from making tweaks and changes and embracing the set it and forget it? +http://online.wsj.com/articles/savings-turn-negative-for-younger-generation-1415572405 + +I don't have a WSJ subscription, but the key numbers that I can see... US data: + +*Adults under age 35 have a savings rate of -2% + +*Adults 35 to 44 have a savings rate of 3% + +*Adults 45 to 54 have a savings rate of 6% + +*Adults over 55 have a savings rate of 13% + +I'm curious as to what is behind this trend. The article starts by saying that "young Americans have stopped saving," which to me implies that the savings rate used to be positive for this demographic. + +It's also interesting to note the upward trend in savings rate as you get older. I would reckon this is due to earning more money while expenses become more stable. What do you think? +I have been doing some personal financial modeling recently. It seems that at a certain level of invested NW and yearly spend, your NW really hits a takeoff point. Like if you have 10 million bucks and you spend 150000 a year, your money pretty much just grows indefinitely. However, the assumption is 7% yearly average inflation adjusted returns. + +How realistic is this ā€œtakeoffā€ scenario? It seems like hitting the takeoff point is a perfect place to stop working. Has anyone on this sub hit such a situation? +https://www.cntechpost.com/2020/10/14/jp-morgan-sharply-raises-nio-price-target-to-40-representing-85-upside-potential/amp/ + +JP Morgan analysts led by Nick Lai raised their price target on NIO sharply to $40 in a report released on Wednesday. + + +NIO shares closed at $21.62 on Tuesday, and JP Morgan's price target means NIO has 85% upside potential. + +NIO shares went up by more than 7 percent in pre-market trading on Wednesday. + + +JP Morgan sharply raises NIO price target to $40, representing 85% upside potential-cnTechPost + + +JP Morgan's last rating on NIO was Neutral and was made on June 21, when the price target was $14. + +In its latest report, JP Morgan gave NIO an Overweight rating and admitted that "we missed the stock's major rally YTD." + +The report said Nio remains attractive from a long term perspective. + +We are upgrading the stock to OW from Neutral and set a new Jun-21 PT of USD40 based on 3.0x 2025E EV to sales. + +Admittedly, we missed the stock's major rally YTD. Instead of trying to justify a higher PT, we review our long term investment thesis based on our bullish top-down sector view, introduce 2025 earnings projection and draw implication to the current stock price. + +We come to the conclusion that Nio remains attractive from a long term perspective. + +We project the company to earn a ~7% market share in passenger EV market by 2025 or specifically ~30% share in the premium space which Nio focuses on. + +In the near term, key catalysts would include: + +1) anticipated solid 3Q results in mid-November, where we forecast GPM to further expand to ~12% vs. 8% in 2Q20. + +2) Robust order backlog, in particular, the newly launched EC6 crossover model for which the wait time is around eight weeks due to initial productionramp and very strong demand. + +3) A new sedan model scheduled to debut on "Nio Day" in December which should further enhance the company's current product portfolio (of two SUVs - ES8 and ES6, and one crossover - EC6). + +Following the introduction of our 2023-25 earnings forecasts, we lift our Jun-21 PT to USD40 based on 3.0x EV to 2025E sales, the same valuation approach (of 3.0x EV to 2025E sales) we apply to Xpeng Auto, another Chinese EV start-up. + +This also presents a meaningful discount to Tesla's current 5.1x EV to 2025E sales, which we believe is reasonable considering Tesla's technology leadership globally and market share momentum especially in China. + +Previously, we followed average of three approaches in Nio's valuation analysis including EV/sales, PER and EV/EBITDA, which gives us a PT of USD36. + +Considering consistency of valuation methodology across EV OEMs under coverage, we now move Nio's approach to EV/sales. + +Investment Thesis, Valuation and Risks + +NIO Inc. (Overweight; Price Target: $40.00) + +Opportunities in 2021: + +(1) Rising NEV penetration with an emerging and structural shift from "B" to "C" ā€“ with Tesla's localized Model 3 and aggressive pricing; we see an increasing (and unexpected) trend where more EV buyers are individuals, rather than corporates or individuals living in cities with purchase quotas ā€“ this structural wave could broaden EVs' addressable market, but lead to faster concentration in the EV business; NIO could benefit as long as it stays within the top 10 by market share. + +(2) The extension of the NEV subsidy program toward 2022, where the battery swap business model is covered by the government's subsidy scheme, is encouraging. + +(3) We project a meaningful pickup in new model launches, especially in 4Q20, along with the new model, EC6. The new sedan model is scheduled to debut on "Nio Day" in December which should further enhance the company's current product portfolio (of two SUVs- ES8 and ES6 and one crossover- EC6). + +Valuation + +Following the introduction of our 2023-25 earnings forecasts, we lift our Jun-21 PT to USD40 based on 3.0x EV to 2025E sales, the same valuation approach (of 3.0x EV to 2025E sales) we apply to Xpeng Auto, another Chinese EV start-up. + +This also presents a meaningful discount to Tesla's current 5.1x EV to 2025E sales, which we believe is reasonable considering Tesla's technology leadership globally and market share momentum especially in China. + +Previously, we followed average of three approaches in Nio's valuation analysis including EV/sales, PER and EV/EBITDA, which gives us a PT of USD36. Considering consistency of valuation methodology across EV OEMs under coverage, we now move Nio's approach to EV/sales. + +Risks to rating and price target + +Downside risks include: + +Worse-than-expected execution and delivery of vehicles; + +Worse-than-expected overall auto market sales/EV demand; and worse-than-expected competition from rivals with products at similar price points. + +Summary Investment Thesis and Valuation + +Investment Thesis + +Opportunities in 2021: + +(1) Rising NEV penetration with an emerging and structural shift from "B" to "C" ā€“ with Tesla's localized Model 3 and aggressive pricing; we see an increasing (and unexpected) trend where more EV buyers are individuals, rather than corporates or individuals living in cities with purchase quotas ā€“ this structural wave could broaden EVs' addressable market, but lead to faster concentration in the EV business; NIO could benefit as long as it stays within the top 10 by market share. + +(2) The extension of the NEV subsidy program toward 2022, where the battery swap business model is covered by the government's subsidy scheme, is encouraging. + +(3) We project a meaningful pickup in new model launches, especially in 4Q20, along with the new model, EC6. The new sedan model is scheduled to debut on "Nio Day" in December which should further enhance the company's current product portfolio (of two SUVs- ES8 and ES6 and one crossover- EC6). + +Valuation + +Our Jun-21 PT of US$40 is based on 3.0x EV to 2025E sales- the same valuation approach (of 3.0x EV to 2025E sales) we apply to Xpeng Auto, another Chinese EV start-up. + +This also presents a meaningful discount to Tesla's current 5.1x EV to 2025E sales which we believe is reasonable considering Tesla's technology leadership globally and market share momentum especially in China. + +Sorry if formatting is off, on mobile app +Seriously, it's free money, but you have to actively go collect it. + + +I wasn't paying much attention to the crypto world for the last couple of days, and I almost missed hearing about the UNI airdrop. This is the official Uniswap governance token. Most of the people on here should qualify (you need to have been using Uniswap since before the 1st of this month). + + +The market cap is relatively low right now, under $300mil, but I've heard estimates of around $1bil by the time the airdrop is complete. So not that low, but it's free and has potential to go higher. + + +You can claim an automatic 400, just for having used Uniswap, and you will get more if you were providing liquidity (I got 400.09 total, yay, lol). Somebody got like half a million (in USD worth I believe) just because they had been providing liquidity since the early Uniswap days. + + +It was worth $1400 USD, 3.5 ETH, when I got mine, so it is definitely worth the time and effort. You will need to pay the gas for the transaction, so make sure you have at least 0.1 ETH. + + +https://twitter.com/UniswapProtocol/status/1306385710434451461 +The market is low and itā€™s time to buy. Iā€™m a beginner trader, been in crypto for a couple months and this is what I found on Twitter: top 12 smart chains by ROI. They monitor them weekly. + + + +https://preview.redd.it/nu3tdiuuuv1a1.jpg?width=1280&format=pjpg&auto=webp&s=ca643cc2c73184443c74a8fb78d50e32a9e54228 + +These are the best performers since recently according to this picture. I just have some doubts on how they get this data. Maybe anyone knows? + +Iā€™m already holding ETH of course, also CSPR, MATIC, ADA, DOT. Thinking to buy others too. + +Do you think ROI is a good indicator to choose the project and earn on price speculations? +Can anyone explain why there aren't more corporations owning single family homes? It seems like virtually every other source of a product or service is derived from a corporation. + +This article explains that private equity firms did invest heavily in SFH's during the crash, but purports that activity largely stopped with the rebound in prices. Is it just that SFH's are simply bad investments (i.e. overinflated prices for poor returns), or that individuals can tap loans for SFH's far more readily than corporations as a matter of government policy? If so, does it mean that individuals, in general, are poorly allocating their capital given a corporation wouldn't do the same given the opportunity? + + [https://www.dai](https://www.dailynews.com/2018/04/05/big-investment-firms-have-stopped-gobbling-up-california-homes/)[lynews.com/2018/04/05/big-investment-firms-have-stopped-gobbling-up-california-homes/](https://www.dailynews.com/2018/04/05/big-investment-firms-have-stopped-gobbling-up-california-homes/) + +Moreover, we all know of multiple strategies to find "good deals," such as BRRR, seek out bargains at auctions, seek out LCOL areas. The numbers that multiple posters report bear out that the returns are attractive. Why don't we ever find ourselves bidding against some corporate entity at those courthouse steps? +I am someone who is very interested in getting involved in real estate and I have been now for a couple of years. Iā€™m currently 24 years old and been reading and researching on a bunch of different avenues to get into real estate. Right now, with a very steady and good paying job, my main focus is being able to save enough money for a down payment on my first rental property. + +My biggest struggle over the last few years has been trying to decide what particular real estate strategy I want get started in. Iā€™ve read books on wholesaling, fixing and flipping, and the various forms of long term renting. After about 2 years of really thinking about what I would like to pursue, Iā€™ve decided that long term rental seems the safest, as well as the least time consuming on a daily basis, which for me, is exactly what Iā€™m looking for. + +Iā€™ve got a lot of researching to still do before I even start looking for a property to actually purchase. However, Iā€™ve already been scoping out my local market and just want to be sure of all the expenses I should be expecting to pay on a monthly basis on a multi family property. + +For beginners, since I have 0 real estate investing experience, my goal is to acquire 2-4 units on my first purchase. Iā€™ve already determined monthly expenses I should expect are: + +-mortgage +-property taxes +-insurances +-HOA fees if applicable + +Besides some kind of an ā€œemergency fundā€ for any surprise costs that may pop up throughout a lease, is there anything I need to be budgeting into my monthly expenses? + +Any advice is greatly appreciated! +**Japanā€™s Liquidity Trap** + + +This working paper was selected from the top of SSRN's 2016 published articles. + +This paper takes a look at Japanā€™s liquidity trap in the context of Japan's structural and macroeconnomic outcomes over the past few decades. + +* [**HERE**](http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2753107) is the link to the the article's SSRN abstract page. + +*** + +Japan has experienced stagnation, deflation, and low interest rates for decades. It is caught in a liquidity trap. This paper examines Japanā€™s liquidity trap in light of the structure and performance of the countryā€™s economy since the onset of stagnation. It also analyzes the countryā€™s liquidity trap in terms of the different strands in the theoretical literature. It is argued that insights from a Keynesian perspective are still quite relevant. + +The Keynesian perspective is useful not just for understanding Japanā€™s liquidity trap but also for formulating and implementing policies that can overcome the liquidity trap and foster renewed economic growth and prosperity. Paul Krugman (1998a, b) and Ben Bernanke (2000; 2002) identify low inflation and deflation risks as the cause of a liquidity trap. Hence, they advocate a credible commitment by the central bank to sustained monetary easing as the key to reigniting inflation, creating an exit from a liquidity trap through low interest rates and quantitative easing. In contrast, for John Maynard Keynes (2007 [1936]) the possibility of a liquidity trap arises from a sharp rise in investorsā€™ liquidity preference and the fear of capital losses due to uncertainty about the direction of interest rates. His analysis calls for an integrated strategy for overcoming a liquidity trap. + +This strategy consists of vigorous fiscal policy and employment creation to induce a higher expected marginal efficiency of capital, while the central bank stabilizes the yield curve and reduces interest rate volatility to mitigate investorsā€™ expectations of capital loss. In light of Japanā€™s experience, Keynesā€™s analysis and proposal for generating effective demand might well be a more appropriate remedy for the countryā€™s liquidity trap. + + +I, as many, was thinking the FTX mess is going to be used as the perfect scapegoat for the crash and to introduce their so desired crypyo markets' *regulations* and/or the planned CBDC... It could all still happen simultaneously but I forgot about this little detail: + + +[Schwab, Citadel Securities, Fidelity, Other Wall Street Firms Start Crypto Exchange EDX Markets](https://www.coindesk.com/business/2022/09/13/charles-schwab-citadel-fidelity-and-others-start-crypto-exchange-edx-markets/) + + +[Wall Street-Backed Crypto Exchange EDX Markets is set for November debut](https://www.bloomberg.com/news/articles/2022-09-13/citadel-securities-backed-crypto-exchange-is-poised-for-kickoff?leadSource=uverify%20wall) (paywall) + + +Sounds a bit convenient for Kenny and friends, doesn't it?? +1. Welcome to bitcoin +2. It does this literally every bull run. + +During the 2016/2017 run, there were multiple 20-30% corrections before it went truly parabolic. + +After going from 20k to 40k so quickly, it would be weird if it *didnā€™t* correct some. + +This is also why DCA is the way. Yes you may wind up buying high but youā€™ll also buy low. And by spreading your buys out you get diversification of time, which will help you stay calm when it corrects like this. + +HODL the line! +Those of you who have FIRE'd in your 30s or 40s, how do you bring it up with family and friends? Do they ever probe you about how you are able to retire early? Any advice on keeping net worth and income sources a secret? + +&nbsp; + +I started up some side gigs years ago in addition to living frugally. My net worth is just over 3.5m at this point and I'm thinking it's a good time for me to quit my 9-5 job and just travel the world since my side stuff has resulted in me having too many airline miles to know what to do with. My side gigs pretty much allow me to make around $20-$25k a month passively which I still plan to do while FIRE and traveling. + +&nbsp; + +The thing is all my side income has been a secret to my friends and family. They think all my income is from my day job. I want to keep my money details a secret. + +&nbsp; + +My family still thinks I can't even afford to buy a house since I'm renting. I don't want to explain to them how I'm able to travel the world with no job and I don't want to completely ignore them while I'm traveling. Parents have been nagging me to save up money for a down payment recently and sometimes it's hard keeping this all a secret. + +&nbsp; + +Have any of you been in my situation? How did you handle it? Any tips are appreciated. +The following post got removed twice, with an excuse (after the 2nd removal) there was duplicate content. Ill post the content here, but it really worries me how they are censoring legitimate issues/concerns/questions. + +Update: as of now I have also been banned from the subreddit. Wow.. what a relevation + +------ + +Tomorrow is the AMA, I think most of us agree this might be the most important AMA for ICN holders up till now. + +As ICN finds new bottoms every day, scratch that, every hour. There clearly is a growing concensus that there is not enough clarity around the use-case or attributes the ICN token has. + +Before you all go wildin'out on me for not being a devout holder *I agree* that Iconomi should NOT stay around subreddit all day and answer concerns. + +But tomorrow, for me personally, will be pivotal in deciding if I continue to be a devout ICN holder and accumulator. Just think about it, we as ICN holders have been through a lot, seeing a lot of other tokens making moonlandings while we are stuck in the Saraha desert without water. + +I ask of you, not to give in to every demand your needy investors have. But to really, REALLY shed some light on the ICN use-case and give us a clear timeline of when things are implemented. +Vague responses aren't going to cut it anymore and I would hate to abandon a great project like Iconomi. + +Thanks for reading and thanks for your time, hopefully the amount of upvotes this post will get gives you an impression of how broad this feeling is carried throughout *your* community. + +------ + + +I think its a reasonable post, but seeing this removed clearly makes me think twice about ICN, censorship?!? WTF +[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/) + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 tradeā€“ then this is for you + +# šŸŸ£ [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# šŸ„¢ [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the ā€œCompanyā€) 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 Companyā€™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. + +# šŸ“ā€ā˜ ļø [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) + +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 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, a 16 year old just starting out in the market, I have 3 main index funds Iā€™m investing in (Voo, Vti, and schd), along with 13 different stocks for various reasons, some for payout, some for growth. Is this too much diversification? How many stocks should I own? +Hello Everyone, + + +I have a question about investing for the long term and also one about short term. + +I've been holding my money in a savings account and want to start being a bit smarter with my money. I haven't decided how much I want to start with but I was thinking 5-10K. I want to place it either in an RRSP or a TFSA. I just need advice on how to start building a smart, lower risk, longer term portfolio. I just would like something to outperform the standard savings rates. I also want to make monthly deposits. + + +As it stands I have at least 6 months emergency fund standing by at all times. I have no car loans or credit card debt. I do have a student loan and have been making payments to reduce it. + +Finally, I have 5K that I have in a WealthSimple Personal account that I would like to use for higher risk trading and investing. I don't know anywhere near enough to day trade and I can get competitive and emotional over it so I don't think day trading is for me. I wouldn't mind riskier short term investments but I'm not sure what that may look like. + + +If anyone has any sort of guidance, information, tools, or any advice at all it would be greatly appreciated. + +Thank you in advance! +I hope this is an okay place to talk about this. Also, this is a throwaway account because I donā€™t want this on my real account. I donā€™t want people to know Iā€™m actually an idiot. + +So last night, I got a call from what I thought was my bank. It even showed up as ā€œBank Nameā€ because I have their number saved in my phone in case I need it. + +A man told me my card had been used at a Walmart states away and the transaction was flagged, so he asked if I had tried to use my card there. I immediately got freaked out because Iā€™ve had money actually taken from me that way before. So I said no and he said he would block it and get rid of the transaction. Then he told me I needed to change my online account number to keep anyone from accessing it if they have my information. + +Now, this is where I should have realized something was wrong. But I was freaking out and as stated before, Iā€™m an idiot. He had me change my password to a password he gave me (I know, I know). I wasnā€™t thinking clearly. + +He also kept having me give him verification codes that were being sent to my phone from the bank. I didnā€™t notice right off that it said ā€œNo one from the bank will ask for this on the phoneā€. BECAUSE IM AN IDIOT. + +I logged into my account and saw all $297 in my checking account had been transferred to a ā€œRyan Cā€. When I asked about it, he said he was working on stopping it. I closed out of it, like an idiot, and when I went back in, $1600 had been transferred to my checking account and then to ā€œRyan Cā€ and then $600 more was transferred to my checking. Thatā€™s when it hit me that something was wrong and I gave this person hell. + +He kept trying to get me to log back out of my account because he was ā€œworking on getting my money backā€. I donā€™t think he could do anything while I was in it. But I didnā€™t log out and hung up on them. They never got my last $600. Thank god. + +Iā€™m thinking Iā€™m probably out $1897. Which is HEARTBREAKING. I feel like an idiot. Iā€™m 27 and totally fell for this scam and they took almost all of my savings and I was so proud of those savings. I havenā€™t told anyone about this. Iā€™m embarrassed and I know people will just call me stupid. Looking back, it should have seemed wrong from the start. But I was so freaked out about having another fraudulent charge on a bank account and they played it off very well. I like to think Iā€™m a pretty smart person usually. But this has proved me wrong. Iā€™ve been oddly calm about the situation but definitely beating myself up about it. + +Iā€™ve filed a dispute with my bank, reported it to the IC3, turned off my debit card and requested a new one, and moved that $600 back to my savings account. So now I wait for my bank to ā€œinvestigateā€ this. Is there anything else I should do or can do? +## In the Beginning (Post Undergrad Years) (23M/21F) + +Our story begins pretty much the same time as our relationship. I met who would eventually be my wife during our last year in undergrad where we were both majoring in Molecular Biology. I had switched majors from Aerospace Engineering but that's a story for another time. + +My wife graduated and began studying for the MCAT a semester before I finished. She spent some time shadowing doctors and didn't find the ones she shadowed to be that happy, lessening the appeal of going through med school. She also feared the debt necessary to fund that education and so decided she'd be more interested in a medical profession that provided more opportunity to change specialties so she decided not to take the exam. Long story short we both entered the labor market in Fall of 2010. + +My first job after college was as a research embryologist for a small research lab I found on Craigslist of all places. I had about $23k of debt from undergrad and started at $15/hr but opted to stay on my parent's medical insurance which added the equivalent of $1/hr extra. We had access to a 401k with no matching to which I did **not** contribute. I was able to work up to 1.5 hours of overtime per week and did so as often as I could. **My net worth was -$23k**. + +My wife started as a research assistant with a State University lab making $31k which included what I know now is a very rare automatic contribution to a pension to be paid starting at age 65 with a benefit based on years of service. Fortunately she had taken enough college level coursework in high school to only need 3 years to obtain her bachelor's degree and was able to work enough in college to avoid taking student loans. I wasn't privy to her finances at the time but now know **she had a net worth of about $8k** from savings throughout her life. + +We moved in together shortly after starting these jobs but didn't combine finances and split all our bills 50/50. I used my remainder after monthly expenses to attempt to slowly pay down my student loan debt. Foolishly I would calculate down to the last $50 of my checking account and kept no emergency fund, a decision which my wife would argue with me about until I finally decided to keep $500 as my maximum depletion amount. + +We both performed well at our jobs and after 2 years I had increased my pay to $17/hr and was still getting $1/hr extra by opting out of health insurance and staying on my parent's plan. I had managed to get my student loan balance down to about $10k but was still not contributing to retirement or saving much of anything. + +My wife was feeling the itch to pursue a career in medicine and had decided that she would apply for Physician Assistant school due to its greater specialty flexibility over medical school. However, a prerequisite was direct patient hours which she was not getting in her job as a research assistant. She was able to find another opportunity with the University as a Clinical Research Coordinator which gave not only patient contact but came with a pay increase to $41k and continued contributions to the pension plan. + +We got engaged shortly before my wife was accepted into PA school in another state and I decided I would leave my job in order to move across the country with her. We decided it might be a good time for me to pursue additional education as well. I had been taking some courses online in my evenings on statistics and programming and happened across the field of bioinformatics. Having always been passionate about computers as a hobby I saw bioinformatics as a way to combine biology and computer science and hopefully advance my career outlook. Fortunately I found a master's degree program that was available 100% remotely and I was accepted to begin the same semester as my wife started PA school. + +When we left our jobs our **combined net worth was about $0** with my $10k in outstanding undergrad loans and my wife's now $10k of savings. + +## Back to School and Loading Up on Debt (26M/24F) + +My masters program took 24 months to complete and my wife's took 27. My wife's program required students not take outside employment to not interfere with rotations and coursework and I felt overwhelmed enough by attempting to transition into more computer science heavy coursework coming from a biology background that neither of us ended up working during grad school. + +I am a Type I Diabetic (insulin dependent) and we started grad school shortly after the ACA was passed, meaning I could no longer be denied coverage for my preexisting condition. I purchased an insurance plan from the market that covered the diabetes care I would need but had to pay for the premium and co-insurance from our student loans. + +By the time we were finished we had accumulated $250k in student loans, interest included. I had one paid internship in the middle of my program where I earned $6k but otherwise we lived our entire lives on loans. Most went to tuition, medicine, and rent but we did allow ourselves occasional eating out, alcohol, and entertainment. We also got married, and managed to keep the cost under $5k! + +## Finishing Grad School, Starting Careers, a Family, and Medical Problems (28M/26F) + +Fortunately my internship finished with a job offer to return after graduation that I accepted in yet another different state. I started while my wife was finishing up PA school which caused us to live in different states for 3 months. I started at $72k with a generous benefits package including a 9% 401K match, an HSA with a $2,000 automatic employer contribution, and health and dental insurance. + +My wife followed a few months later and was able to find a job after about a month as a PA in a rheumatology practice. It was a contract-to-hire position where she would either be hired or released after six months. Her six month contract was for $40/hr with no retirement benefits but included medical which she declined as we were both on my work's plan. + +We started our new careers with a **combined net worth of about -$240k**. + +Happily, we both found success in our new careers and enjoyed rapid advancement and raises and as a unit averaged an 8% increase in pay per year over the next five years. My wife was hired from her contract and got a bump to $100k and began to receive a 4% retirement match if she contributed 6% of her base salary. + +We both began to take more of an interest in personal finance, but still hadn't discovered the concept of financial independence. We were very motivated to pay off our mountain of debt so began to track our expenses diligently (first with Mint, now with YNAB). We contributed enough to get our retirement match and everything else left at the end of each month went towards loans. + +Our jobs are located in a HCOL area so we chose to live in an older apartment complex our first two years and then transitioned to a town house 3 years ago where we still live. We have been paying $2,000/mo for a 3/2.5 1600sqft unit (not rennovated) which is very close to work so we don't need to have much of a commute. We could definitely find lower rent farther from work but it would add 45+ minutes each way. + +As we began to see serious progress on our student loans our interest in personal finance grew and we discovered the idea of financial independence. That concept still had to sit on the back burner for a while since we decided paying off our loans would be a priority until the remaining loans were at an interest rate < 4.5% which unfortunately was only about $30k of our total balance. + +After 6 months of working our net worth climbed to -$200k. Then -$150k after 12 months. We managed a pace of increasing our net worth through paying off student loans to the tune of $100k/yr for almost exactly 5 years. + +We hit **net worth $0 in August of 2018** just as our first child was born. 3 weeks before he was born I had to have a kidney removed due to a genetic condition which caused it to fill with fluid and swell like a water balloon which destroys its ability to filter. Fortunately we were already used to having maximum medical expenses due to my diabetes so the pregnancy and the kidney removal weren't really much of a factor financially due to hitting our out of pocket max. + +## Present Day (33M/31F) + +We finally **paid off our student loans and hit $150k net worth in January of this year (2020)**. We gave birth to our second child in March of this year just in time to get home before the pandemic started to really spread. We are both incredibly fortunate in that we have been able to continue working at the same jobs and at the same pay as before the pandemic and that allowed us to reach **$250k net worth** this month. My Dad retired a few years ago and my Mom was forced into retirement by the pandemic so we are also incredibly fortunate that they are willing to watch the kids while we work. We pretty much just flipped the switch of paying off student loans to contributing for retirement so have really been enjoying actually getting to keep most of our money this year instead of shoveling it into loans. + +We certainly experienced a lot of luck in our journey but also a lot of hard work and made a pretty radical change in our lives that benefited us immensely. This is now the longest thing I've ever written on Reddit so I should stop rambling here. Thanks for reading! +If you asked new investors, they'd probably all tell you the same thing, "value is dead" or "p/e doesnt matter anymore." The last few days have been a revelation for some. Chronically undervalued stocks like EBIX soared 42%. Go to your favorite stock screener, search low p/e, lower forward p/e, and low peg. They're almost all up by 8% since Monday. Some of us saw this coming. Elections have a long track record of doing wonders for value stocks, whose prices are deemed low compared with business prospects. For the last half century value stocks have crushed growth stocks in the 6 months after an election. If you decide to follow the trend, keep in mind you dont want a cheap stock for the sake of it being cheap. Look for lesser known value stocks with bright prospects like PRIM (or the aforementioned EBIX, before they blow up. Not saying PRIM will take off, it's just one of my personal favorite values). +If you asked new investors, they'd probably all tell you the same thing, "value is dead" or "p/e doesnt matter anymore." The last few days have been a revelation for some. Chronically undervalued stocks like EBIX soared 42%. Go to your favorite stock screener, search low p/e, lower forward p/e, and low peg. They're almost all up by 8% since Monday. Some of us saw this coming. Elections have a long track record of doing wonders for value stocks, whose prices are deemed low compared with business prospects. For the last half century value stocks have crushed growth stocks in the 6 months after an election. If you decide to follow the trend, keep in mind you dont want a cheap stock for the sake of it being cheap. Look for lesser known value stocks with bright prospects like PRIM (or the aforementioned EBIX, before they blow up. Not saying PRIM will take off, it's just one of my personal favorite values). +Just got approved for level 4 options and a little nervous about making a stupid mistake. Been selling CSP's and CC''s for quite a while now and have had good success, but wanted to improve my return on capitol. Not going to do naked calls at this point due to excessive risk. Mainly would like to focus on low delta far OTM puts. any advice would be appreciated. Thanks in advance. + +Edit: Wow, never expected so many helpful responses. Iā€™m trying my best to respond to each one, but itā€™s a lot. Sorry if I donā€™t respond to them all, but the insights are appreciated. What an awesome group this !! Thanks to all!! +New member of theta gang here that made a really stupid bet. + +End of today, I was feeling bearish with the whipsawing and decided to do an iron condor that expired tomorrow, with both sides way OTM. SPY 4/17 290/295c and 4/17 266/261p. 50 contracts on both sides. Max gain if both expire worthless is $1K with a max loss of $25K. + +Literally the definition of picking up pennies in front of a steamroller. Lesson learned; I won't do it again. + +However, I'm trying to figure out what to do now at open tomorrow. Worst case scenario is that SPY opens at 295. More likely, it'll open below 290 but probably end somewhere between my strikes. + +I can: + +1 - Close my 290/295 position immediately for a loss immediately of around $10,000. + +2 - Only buy back the 290 and let the 295 ride to make back some money (if) the market keeps going up tomorrow. + +3 - Buy a set of SPY calls tomorrow that "neutralize" my loss. Example: SPY 290C, $10,000 worth, for a date like 4/20 or 5/15. + +4 - Roll up my puts and get a slight gain that way. (Or roll them all the way up and turn it into an iron fly?) + +Just started to sell options and feeling a bit stuck at the moment -- hoping the futures market goes back down tonight but trying to prepare for the worst case. +Iā€™m curious how many FI'ers, are here due to major, unexpected financial events - positive and negative but I suppose has to be net-positive - whether or not you were actively planning and working toward the goal? + +No judgement ofc - I expect itā€™s very common. I can count at least 3 or 4 windfalls - and just as many waterfalls, or whatever the negative corollary is to 'windfall' šŸ˜„ +Digital Yuan is completely trackable, controllable and reprogrammable by the Chinese government. It will be used the monitor the purchases and wealth of the people. You purchased the wrong book, invested in the wrong Crypto, sent a bigger amount of money to someone with opposing political opinions to the CCP? Better be lucky they didnt notice. The Chinese Government is a fool for thinking that the citizens wont notice their plans. This might backfire and bring more people to use the true power of Crypto, shifting power away from the CCP. +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! + +Pretty self explanatory. Massive swings already happening and will continue to happen. People are going to get dominated. + +If you value your ether or your fiat, don't trade right now. Buy if you want to buy, but I wouldn't be selling *with the intent to buy lower.* If you wanna get out and take profits that's one thing, but trying to time the market is gonna wreck you otherwise. + +Edit: Some of you may know I've posted this chart for weeks now in the daily discussion: https://www.tradingview.com/chart/pQe91Rlh/ + +We bounced right off the long term trend line. Close one. +After seeing a lot of anecdotes and stories of people who *would* be millionaires, had they only held, had they not sold at 100 dollars etc etc, and seeing the story of the man who committed suicide, I think it helpful to remember that nobody can predict the future. If I had put my life savings in bitcoin a few years ago, I would now be rich beyond compare. If bitcoin crashed and went nowhere, I would have ruined my own life. I had no way of telling what would happen, just as a man choosing lottery numbers has no way of predicting what would win that night. Idk, it's just something you shouldn't spend you're time regretting. Staying invested could still pay off, or it may not, so just act smart and don't look back. +**My dearest apes,** + +&#x200B; + +This something that has been weighing on my mind for quite a while. **Where are the short positions?** Well, we all have heard the rumors of **resetting FTDs with the use of the options chain**. Being the ~~wrinkle brain~~ retard that I am \*wink wink\*, I've decided to do a little digging. Most of the solid theories people have about hiding short positions comes from this SEC paper: [https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) + +&#x200B; + +Coincidentally \*wink wink\*, there just so happens to be some really insane stuff going on in the options chain of $GME. And a lot of it started... \*gasp\*... when the price jumped to $483 and the short interest suddenly dropped from \~140% to \~30%. So, what do you say we look a little deeper into the options chain, Kenny? + +&#x200B; + +&#x200B; + +[from: https:\/\/www.barchart.com\/stocks\/quotes\/GME\/put-call-ratios](https://preview.redd.it/bsxz0n0f9s571.png?width=1157&format=png&auto=webp&s=00894296b776243a7257e58a317e226c85700409) + +&#x200B; + +This is the options data for all of the currently existing $GME options. There are a few things that strike me as odd. The main thing is: what is up with the huge amount of put open interest for the 7/16 expiration date and 1/21 expiration date? Let's take a closer look at the 7/16 options chain specifically. + +&#x200B; + +&#x200B; + +[from: https:\/\/www.barchart.com\/stocks\/quotes\/GME\/options?moneyness=allRows&view=stacked&expiration=2021-07-16-m](https://preview.redd.it/85976zk0as571.png?width=1157&format=png&auto=webp&s=7d7071a130a47b22977aad47d2dd8b6d835c4102) + +&#x200B; + +**WOAH THERE, KENNY!** You're almost making it too easy. As you can see, an **ENORMOUS** amount of the open interest comes from way, way, way, way, way OTM put options. In case I wasn't clear, these puts are stupidly out of the money at a price point that will never be reached again. Find me another stock that has this sort of bizarre options activity and I'll trade you one $GME share. "Okay, well so what?" you ask. "These options have been purchasable since June of 2020. They could've been bought by bears back then who were still convinced $GME was going to zero." Oh really? Let's take a look at a graph of the open interest, then. + +&#x200B; + +&#x200B; + +[from: ThinkOrSwim platform](https://preview.redd.it/4vmae7syas571.png?width=1546&format=png&auto=webp&s=2cdd8cf91984923c4a2c5000acc7dbf7c60ee1e0) + +&#x200B; + +As you can clearly see (or maybe not so clearly, it's kind of shit quality), the open interest doesn't enter significant numbers until 1/25. From 1/25 to about 2/3, the open interest spikes from near zero levels to 80,000. This coincides with $GME's initial gamma squeeze. The second spike from 80,000 to 140,000 occurred from 2/23 to 3/23. This coincides with $GME catching it's second breath, the run-up that followed the 2/24 spike, and the eventual fall from near-peak levels. + +Ok, so it's obvious someone really needs these worthless put options for something. Now, let's start to do some statistical testing. I'll try to keep this simple for all of you smooth-brains out there. + +&#x200B; + +So, the working theory for a long time is that SHFs reset their FTDs using tricky options trades outlined in the SEC paper I linked above. It basically involves a bunch of synthetic positions that make the balance sheet look like you've covered your shorts. (NEWS FLASH: THEY HAVEN'T). So, if we are looking at FTDs and the use of these worthless put options (If I haven't emphasized enough how weird it is for these stupidly OTM put options to have this kind of activity, here it is: THIS IS FUCKY SHIT GOING ON HERE THAT IS COMPLETELY ABNORMAL) and FTDs, what can we expect to see? Well, we would expect to see a negative correlation meaning: as the FTDs are hidden away, the open interest in these puts (used to reset these FTDs) should go up. So how do you test for something like this. \*ENTER EXCEL\* (or Google Sheets because I spent all my money on $GME). + +&#x200B; + +So here was my process. I am going to get FTD data from pre-January-run-up to April 28. I'm then going to get the open interest of this specific put option for the same dates and run a Pearson Correlation Coefficient these two data points to check for a correlation. + +&#x200B; + +Here is what I am working with: + +[from: my brain](https://preview.redd.it/2jl7v64gds571.png?width=1064&format=png&auto=webp&s=f74833a9d05ba9b1c67249cf20d1849fa644eef4) + +&#x200B; + +You can't really see in the screenshot, but there are a lot more rows of this FTD and open interest data. Now, this **DOESN'T EVEN INCLUDE ETF FTDs AND IS ONLY ONE OF THE OPTIONS CONTRACTS FOR THE ENTIRE CHAIN** and still there **IS A STRONGLY NEGATIVE CORRELATION**, exactly what we hypothesized from earlier. + +&#x200B; + +**Unfortunately**, I don't have the time to sit down and look at every contract's data, all the ETF FTDs, and the other chains from 01/22/22. But I have glanced at the open interest charts for a lot of them, and they all look EXTREMELY SIMILAR to the contract I showed you today. I suspect if I did sit down and do the grunt work for every single chain and contract, the correlation coefficient would probably increase. + +**Fortunately**, though, a -0.67 correlation is considered to be strongly, negatively correlated (anything of +/- 0.5 is considered to be a strong correlation). + +**So let's wrap this thing up shall we.** + +1. SHFs "reset" their FTDs using nifty options tricks. +2. As FTDs go down, nifty options should go up. (Negative Correlation) +3. After running a Pearson Correlation Coefficient, I have found a STRONGLY, NEGATIVE correlation, exactly what was hypothesized. + +&#x200B; + +**So questions after reading this DD:** + +1. **Should my tits be jacked?**If this doesn't confirm your bias I don't know what will. +2. **What are your qualifications?**I eat crayons for breakfast, lunch, and dinner. Seriously, though, I don't do this for a living. This has just been an interesting side project to confirm my own bias, and I thought I should share the results with all of you. +3. **What mean?**Statistically, it's highly likely the SHFs are using the techniques we've been suspecting them of to reset FTDs. + +&#x200B; + +So that's it apes. If I've fucked something up majorly, please let me know so I can make the necessary corrections. + +**TL;DR**: See question #3 + +&#x200B; + +**Edit 1**: I now realize I should have went more in depth to the SEC paper to explain how they are using options to reset the clock. The idea is that you use a married put trade with a synthetic long rather than buying shares. This would look like: + +buy put + sell put + buy call = married put + +Note the put/call ratio of these transactions would be 2. So, as long as the put call ratio for each particular option chain is above 2, it would be valid to say that it is possible that these techniques could be being used. My post aims to prove statistically that these techniques are being used. So with the put/call ratio of the 7/16 options being above 2, I am aiming to correlate the FTDs with the opening of these contracts. + +Here is the section of the SEC paper that talks about the married put trades being used to reset the clock. [https://imgur.com/a/dWKtvF0](https://imgur.com/a/dWKtvF0). The full paper is linked at the beginning of this post if you are interested in reading. +I started a month ago, before even putting my first buy order I looked up guides, read books and just studied the trend and what not for about 3 months + +Once you actually put money in, all these crazy emotions rose and so far Iā€™m down 2.2k overall. Sure I won some but there just by pure luck after analysing my past trades. + +How much did yā€™all lose money before you started taking profits? If the amount is a lot to you, what made you overcome that ā€œthis isnā€™t for meā€ feeling +Ford Motor Co. F -5.01%ā–¼ confirmed Monday it is laying off roughly 3,000 white-collar and contract employees, marking the latest in its efforts to slash costs as it makes a longer-range transition to electric vehicles. + +Ford sent an internal email Monday to employees, saying it would begin notifying affected salaried and agency workers this week of the cuts. The email was reviewed by The Wall Street Journal. + +The workforce reduction mostly targets employees in the U.S., Canada and India. About 2,000 of the targeted cuts will be salaried jobs at the Dearborn, Mich., auto maker. The remaining 1,000 employees are working in contract positions with outside agencies, the company said. + +The cuts werenā€™t unexpected. The Wall Street Journal and other media outlets reported in July that layoffs were coming for white-collar staff as part of a broader restructuring to sharpen the car companyā€™s focus on electric vehicles and the batteries that power them. + +https://www.wsj.com/articles/ford-confirms-layoffs-says-it-is-cutting-about-3-000-jobs-primarily-in-u-s-and-canada-11661180161?mod=hp_lead_pos2 +Last week I bought a total of 20 PLTR Jan 2022 $30 calls. The past couple days Iā€™ve averaged down to the gills but the dip kept dipping. Currently sitting with a whopping total of 59 calls for Jan 2022, $30 strike. This week has been pretty tough to swallow, being down the amount I am. I initially bought the leaps to give me plenty of time to recoup, but obviously with such a volatile stock, I have nightmares of PLTR going back to the teens. + +Wanted to see what the crew here thinks of my position. All this talk about a lockup period expiring is also worrying. Not sure what to think about that. + +At what point should I be concerned about the theta decay? Tell me what you think, how stupid I am, etc. + +Thanks! + +https://imgur.com/a/ZMKplUg +Hi everyone. Throwaway here. My dad tragically died very unexpectedly about 2 months ago. It's just me as my mother passed away when I was a kid. I've been doing my best to get insurances, lawyers, probates, and bank accounts in my name. I've read pretty extensively through this sub and r/personal finance for the last couple months. I haven't made any big decisions or really told anyone about my windfall. I would trade all of it for another day with my dad, but I have continue on. + +I'm getting to the stage where I need to start actually allocating funds and I would love some help. +1.) 400,000 in my bank account from life insurances and dad's bank account. +2.) 150,000 in dad's TIAAcref accounts- I think it's a mix of retirement and mutual funds. + +I read a couple book's so far- Bogle's investing and millionaire next door and been through reddit constantly. I've learned Index funds are king, keep costs as low as possible, and also that reddit seems to enjoy Vanguard and not so much with TIAAcref + +How do I actually get started? I am still a student for another year so I do not think I can start a IRA yet, please correct me if I'm wrong. Everything is seemingly ready for me to put money somewhere but I just don't know how to actually get started. I'm weary of asking people for help or looking up company websites because I do not know who I can trust.... hence reddit. + +I just want to shove my money somewhere and forget about it until I'm 65 ideally, but I know it's not that simple. Do I call vanguard and ask for help? Do I Keep TIAAcref? How much should I leave so that I can contribute to my IRA and retirement funds once I start working? Any and all help is much appreciated! + +TL;DR: 25 year old with 500k windfall. What are my real next steps? + + + +1) Thief and/or pump and dump group offered Poloniex a lot of money to add Ethereum Classic + +2) Thief and/or pump and dump group are buying up all ETC for cheap in order to control >90% of the market. + +3) With their market control, the thief and/or pump and dump group will perform a massive pump on the ETC price, by buying their own coins all the time -- if my theory is correct. + + +Whoever will be performing this pump, I feel that the incentive might not only be to make money, but also to destroy Ethereum (the higher the price gets pumped, the more miners will move back to ETC and the lower the price of ETH will go). + +For these reasons, I will not be dumping my ETC straight away, I will dump them at a far higher (but artificial) price. +I've always kind of been bad at looking very far ahead, but I've been thinking about the future a lot. I'm a 19f, single with cats, and planning to stay childfree. I don't want to live in an apartment all my life but I don't think I'd want to own a house, as they're typically a bit bigger than what I'd need, and expensive. Right now I'm living with my mom, paying a bit of rent each month and buying my own food, ect for the most part. + +Some advice from people who might've been in a similar situation world be appreciatedā€¦ I just feel having more of an idea of something to work towards will help me +https://www.theglobeandmail.com/business/article-score-media-shareholders-approve-resolution-to-consolidate-shares/ + +Shareholders of Toronto-based Score Media and Gaming Inc. SCR-T -4.84%decrease + voted in favour of a share consolidation resolution on Wednesday, which is aimed at helping the company list on a U.S. stock exchange. + +Shareholders voted to approve a resolution that would allow the company to consolidate shares within a range of one new share for between two and 20 existing shares. The range gives the company flexibility to consolidate as much as it needs to meet the minimum share price needed to be listed on a U.S. exchange, which could create the opportunity to raise significantly more capital. + +The company, known as theScore, provides sports news and information to users of its mobile app, which has about four million monthly active users. In September, 2019, the company launched ScoreBet, an online betting platform currently available in three U.S. states: Colorado, New Jersey and Indiana. + +A source close to the company confirmed that it will expand to the state of Iowa in the near future. The Globe and Mail is not identifying the source because they are not authorized to speak publicly about the expansion. + +TheScoreā€™s stock has seen rapid growth in recent months, with investors on the online forum Reddit hoping that one of two bills before Parliament that would decriminalize single-game betting in Canada will pass, opening the Canadian market to sports betting operators. Currently, Canadians can only wager on two or more sporting events, commonly known as parlay betting. + +Shares of Score Media traded fell 4.8 per cent following the vote on Wednesday to $4.92 in early afternoon trading. + +In 2019, casino giant Penn National Gaming Inc. bought a US$7.5-million equity stake in the company, and struck a 20-year agreement that provides theScore access to sports betting markets in 11 U.S. states where Penn National operates casinos and racetracks. + +Eighteen U.S. states and the District of Columbia allow single-game sports betting. +So, I suspect the reason that the insider buys stopped was that there were internal discussions about the stock dividend which could be considered insider information. Tomorrow is T+2 from the 8-k dropping so insiders should be able to buy again. I know there has been some chatter about brokers recalling their leant out shares so they get the tax benefits of the dividend, but I suspect they will wait until the last second to recall them so they can continue collecting the borrow rate on the shares as long as they can without risking the dividend tax benefits. + +I am pretty hyped for this week but am also ready for it to be a nothingburger, stay zen, and just keep Buying, HODL'ng, and DRS'ng. + + +Edit: to everyone saying they can't buy until Tuesday. Larry Cheng bought on Monday after the call. +Hi all, + +Iā€™m potentially starting a new job on Nov. 1 and pretty much what the title says. + +Is it worth contributing anything over 10% if I know I wonā€™t be there for 3 years? If I stay too long in this role I may pigeon-hole myself and my long term job growth. + +Edit: since there are some asking for context. + +-26 y.o + +-currently unemployed since leaving the military 4 months ago + +-Accounting/Finance area + +-Iā€™m in the Boston area but I have plans to move to NYC + +Edit #2: wow thank you for all the responses. I will be reading and replying through them today! +The stocks up by about a percent everyday in morning before market opens but as soon as market open stocks fall. This has been happening to me since past two weeks. Can anyone explains why this is the case ? 6 months into stocks, still figuring out this world. + + +Edit: this post got too much attention towards the current market (which itself is a big speculation). I just wanted to understand the pre market vs normal trading hours market. Thanks for everyone keeping a positive mindset and commenting with hope to educate me. +So me and my partner have reduced reduced reduced. Sold the car, cancelled every membership, using parents or friends streaming services, basically not using heating. I don't have any debts, but my partner is on a debt management plan than has reduced this too as little as possible per month. We have stopped eating meat mostly(once a week we buy a different meat item) , dont have treats and just live off the very basics. Our rent is incredibly good, not possible to get anywhere cheaper in the city we live in right now. There's nowhere else to reduce from. Unfortunately slowly emptied out our saving trying to survive through covid job insecurity and the current cost of living crisis. + +We have both changed careers to something that within the next year atleast will become more lucrative for us, but in the meantime we just need an extra Ā£150 a month to get through for the next few months. Any tried and true ways to do this, without putting in any money assests? There's plenty of ideas online, but when you are in the position we are in financially you can't really take any real risks/chances. + +To help with answering this question, we have a garden, a good laptop, tonnes of art equipment and are very creative and my parter also speaks French. We have maybe half an hour free extra a day each. As sometimes it's good to know what assets and skills are available to make that extra cash,.when you don't have any capital to invest. + +Edit: +For the people suggesting delivery, I don't have any form of transport. +For the people offering lawn mowing as a solution, I have my grandads 30 year old mower that noone wants tearing up their lawn. +For the people messaging me about sex work, you seems seedy and I have about as much value in the sex industry as my grandads mower has for lawn mowing. +For the people saying to get a part time job- to be more transparent about my situation I'm currently in a government assisted programme, to get graduates who struggled to get into work post pandemic into tech. So my intensive coding course is fully funded, but I can't take on any work as they would cut the funding. I could do something cash in hand illegally, but the judgement of getting caught doing this would not be great. Only got 3/4 weeks left so will be doing any work I can get as soon as its over aswell as trying to freelance. +Still very appreciative of the suggestions, just wanted to provide some clarity. + +Edit: surprised by how many comments here, not able to reply to all. But thank you so much for all the suggestions, going to sit down and figure out which are viable for us, there's gotta be something in there atleast . Honestly even an extra Ā£5 means a lot too us right now so well worth a try. +Hey guys, I am a FIFO worker and this has been bugging me for the past two weeks, + +I got a message on LinkedIn from another company asking if I was interested in a 2:1 FIFO supervisors position, the competing company does the same work as mine , however the pay was 80-90k below what I would get on the same roster as a supervisor with my company. + +I know supervisors at my company who do a 2:1 get between 260-270k (Add on another 10% if they do nightshift) on the same roster; the other company was offering an 180k package for everything including nightshift. + +Is it worth replying and explaining that this is actually a very weak offer? OR just ignoring it, the other company has been around for long enough to know how pathetic the offer is. + +Thanks for the insight,Someone very new to LinkedIn +[Wall Street Journal article ](https://www.wsj.com/articles/when-your-neighbors-move-into-your-investment-portfolio-1544204283?emailToken=dc0d7fcadba0b0d40150d9a5fba9ab0bZon8ypB/bBssorehSV9TKqJv3K9X7OM+CbaUXu+lSadNLpPpIZ708/86dQGM/Na0VVF/2K6qKv2+HtXWBU+MiUGdqPx3FBKBjP9vJgDceaH5gCby6OsYZAeBGi74G9Og&reflink=article_copyURL_share) +What's the overall verdict? I'm sure the answer lies in the middle. + +Having to pay employees more (at corporations/companies who do attempt to give cost of living raises) and having your entire supply chain cost more is a problem. Can you pass 100% of the inflation-related expenses on to your consumers? I don't know. + +Sometimes the market goes up, up, up and the advice passed around here is "billions of dollars need return! bonds too low, inflation good!" + +Then the market goes down and we get news articles about fears of inflation. + +Inflation is here. We're like 38% higher than we were on 02/14/2020 (right before COVID crash) on the S&P. $337 -> $467 on SPY. Far more than the typical 7-10% we see touted around these forums. It hasn't caused the market to stop climbing yet. +[IRS Sending Warning Letters to More Than 10,000 Cryptocurrency Holders](https://www.wsj.com/articles/irs-sending-warning-letters-to-more-than-10-000-cryptocurrency-holders-11564159523?mod=hp_lead_pos2) + +&#x200B; + +>An IRS spokesman declined to say whether the letters [stem from information](https://www.wsj.com/articles/do-you-own-bitcoin-the-irs-is-coming-for-you-1521192601?mod=article_inline) turned over by digital-currency platform Coinbase. In mid-March of 2018, Coinbase provided dataā€”under a federal court orderā€”on about 13,000 accounts requested by the IRS. +> +>One version of the letter recently uploaded to the IRS website asks recipients who believe they have followed the law to sign a statement declaring, under the penalty of perjury, that they are in compliance with tax rules. It also notes says that the recipient should understand the IRS may be in touch with them. +> +>In recent weeks, IRS criminal investigations chief Don Fort has announced that the agency is also building criminal tax-evasion cases involving cryptocurrency that are expected to be made public soon. +> +>The Coinbase customers whose information was turned over bought, sold, sent or received digital currency worth $20,000 or more between 2013 and 2015. +I am looking to sell my business. Many of you have started and sold companies to achieve your FIRE/fatFIRE, so I wanted to ask, what are a few things you wish you would have known before you sold your company? Would you do anything differently? + +**Background**: I am 30 years old and have grown my e-commerce company over the last years from $700 to $3.7M annually. I have an opportunity to engage a very interested buyer to sell the company for roughly 7M. + +I know if I keep at it, in a year or two I may be able to get double or triple that amount. I am on the fence because I do not know what I do not know about the negatives of selling a growing business. I am single, no kids. Is 7M enough after taxes? Any answers you give should help me gain perspective. THANKS + +EDIT: Looks like I came to the right group. Thank you all so far for all the great advice. I am learning a lot! +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. +If itā€™s a Green Day, headlines read ā€œstocks rise as states reopen and hopes for a vaccine seem promisingā€ or if itā€™s a red day headlines read ā€œstocks fall as investors question tensions with China and rising cases in some states.ā€ + + +Do the writers really get paid to Copy and paste one of two different headlines every morning? Can they stop pretending like the stock market has anything to do with whatā€™s going on right now? Literally nothing has changed and a Green Day doesnā€™t mean everything is dandy in the world and a red day means the world is ending +https://www.wsj.com/articles/nearly-5-million-americans-in-default-on-student-loans-1513192375 + +I believe this is behind a paywall... here are the interesting nuggets: + +> The number of Americans severely behind on payments on federal student loans reached roughly 4.6 million in the third quarter, a doubling from four years ago, despite a historically long stretch of U.S. job creation and steady economic growth. + +... + +> The governmentā€™s student-loan portfolio now totals $1.37 trillion. That figure includes debt in repayment; debt for which borrowers arenā€™t required to be paying down because they are in school or have otherwise been granted temporary reprieves; and debt from an older program that guaranteed loans made by private lenders. + +... + +> ā€œItā€™s kind of phenomenal given all the tools we have at this point to avoid default that this many people are still winding up in default,ā€ said Clare McCann, an education-policy analyst at New America, a center-left think tank. + +... + +> In some ways, the outlook for the federal student loan program has improved. The rise in default in part reflects an overall increase in Americans entering the repayment cycle. As a share of all borrowers in repayment, new defaults fell in the third quarter compared with a year earlier. + +Student loans are making up an ever-increasing portion of the national debt, and an increasing number defaults is not such a great thing, even though the default rate is lower... +Last year **Overstock ($OSTK)** issued a crypto dividend (hmm, wonder why GME paid off all its debts early, they can now issue dividends). + +By creating a custom crypto dividend this would force **ALL** shorts to cover due to the fact *Ole Ken sucks toes, Melvin gobbles gilfs, and Vlad the queer beer* wouldnā€™t be able to provide the crypto as *only GameStop could provide the crypto.* + +So letā€™s do some simple meth *ahem* I meant math šŸ˜³ on Overstocks little teaspoon of a comparison fucking squeeze. + +$OSTK on March 13, 2020 was trading for **$3.23** and just five months later on August 21, 2020 it went up to a *juicy* **$121.09** damn thatā€™s a sexy squeeze right? šŸŒš + +[Overstock before the squizzle ](https://imgur.com/gallery/mDUE43j) + +[Overstock after the squizzle](https://imgur.com/a/IqxHQnR) + +Well guess fucking *what* mate the short interest was only fucking 13.8%...there was **5.8 million shares shorted out of 42 million** + +So thatā€™s a *3,749%* increase in price. + +*Hehehe, hereā€™s where the fun begins* + +So letā€™s take the minimum amount of short interest we have based off institutional holdings and all other calculations us *wrinkle brained chimpino apes have done* and letā€™s assume the minimum short interest calculation we have to work with is only **140%.** + +Now weā€™d have a **38,033.33% increase at GameStops current fucking price.** + +After hours close as of 4/16 is at $160.99 so using these calculations for the **minimum** projected squeeze target is **$61,229.33**. +*Hot damn this isnā€™t even including FTDs, OTC shares, all the other bullshit hedgies have thrown into our glorious oven where the tendies are being fucking baked and seasoned to perfection.* **Assuming all the other seasonings for our tendies our projections of 1-10-100 million are NOT ā€œunrealistic targets.ā€** + + +Now letā€™s also take a look at the ticker **$DGAZF** + +The stock had a short interest of **45%** and went from a mere $400 a share all the way up to **$25,000** a share. + +[DGAZF Squizzle dawg šŸ˜Ž](https://imgur.com/a/9JUYdra) + +So, take a chill pill, a boner pill, maybe some whiskey or rum, or suck a big šŸ” (*if youā€™re a shill*) and wait for the **largest redistribution of wealth in history to occur.** + +I also want to discuss how thereā€™s a large influx of shill posts trying to stir drama for no reason or karma farming posts that have no true worth. *Take a step back before posting and ask whether we can take something away from your post or youā€™re just going on a pointless rant.* + +**Letā€™s get something very clear: when someone says that their FLOOR is XXXXXX that does NOT mean it is the CEILING, PLEASE KNOW THE DIFFERENCE BETWEEN A FLOOR AND A CEILING.** + +*Thank you DFV for staying true and giving the 99% hope. Iā€™ve lost my job this pandemic and itā€™s been tough mentally but once this rocket takes off I will never forget the unity weā€™ve had on this sub...I will get a tattoo as remembrance once we hit over $25,000. I vow to make the world a better place, as well as many other šŸ’ŽšŸ™ŒšŸ¦ So cheers everybody, hereā€™s to new beginnings, a brighter future for the world as we know it, and letā€™s never forget where we came from.* +Hey UKPF! + +We have a slightly awkward financial situation in the household which has arisen with my wife's new job. + +She's been taken on at a small business at Ā£17,000 for 40 hours p/w, she's 28, she is not an apprecntice, so at minimum wage, she should be on Ā£8.91. This would increase to Ā£9.51 next April, however, at the salary and hours she's on, i've calculated the hourly wage to be Ā£8.18, a difference of Ā£231 p/m or Ā£2777 per year. + + +I think this situation has arisen out of ignorance, rather than any malice, but obviously it should be corrected (if i'm right in my calculations that is!) + +The awkward thing is, she started this week, there is no structured HR, only a "big boss", so my wife is understandably feeling awkward about having this conversation. If it were me, i'd talk to them directly (and have said as much to my wife) and mention that in order to be being paid the national minimum wage, my salary should be Ā£19,777 . + +I have heard HMRC often check for employees being paid below nmw, but I expect this may take some time. What would you guys do in this situation, ideally avoiding any solutions that are "find a new job"? +Beyond Meat is not a favorable play over the next few years because the factors driving its generous pricing ($158.28 per share, F/PE 277) will only weaken as direct competitors go public and proven competitors grow market share. + +Similar to Virgin Galactic existing as the only public space tourism company, Beyond Meat is the only public company solely producing plant-based meat alternatives. This has multiple major implications. Since going public, Beyond Meat has seen considerable price appreciation simply because other meatless competitors, like Kellogg, Kraft Heinz, and Tyson aren't solely devoted to producing plant-based meat alternatives, thus BYND is seen as a pure play in the sustainable food space. Because of this favorable positioning, BYND benefits from multiple types of catalysts that inflate their stock price. + +1. Because of the limited environment for investing in plant-based meat producers (i.e. the only public one), Beyond Meat is inherently the go-to purchase for investors, which artificially drives up stock price. As competitors like Impossible Burger going public, and public competitors like Tyson, Kellogg, and Kraft Heinz grow their R&D and production of plant-based products, BYND loses this unique investment advantage and will see less price appreciation as a result. +2. Because of the limited environment for investing in plant-based meat alternatives (and point #1), Beyond Meat's share price irrationally appreciates when the general industry receives favorable news. Similar to point #1, as the number of investment vehicles for this industry grow in number, the upside of favorable industry developments weakens. + +Considering #1 and #2, even if Beyond is able to gain [mainstream adoption](https://www.marketwatch.com/story/beyond-meats-stock-is-wildly-overpriced-even-if-business-expands-perfectly-2020-05-08) as a permanent alternative to meat over the next few years, increasing players in the space will average out the "hype" that has driven this inflated stock price. With an average P/E ratio of 25 among Consumer Defensive companies, Beyond's $10 billion dollar valuation and F/PE of 267 only has room to decrease, as juggernaut competitors have greater cash flow to fund development and expansion of meat alternatives. + +I would monitor the sector for catalysts (to the downside) in events like IPOs, significant developments in the sales/profitability of publicly traded competitors' plant-based meat sales, and new competitors altogether. +This post is for those who are new to Cryptocurrency or want to find out more about VeChain. The text "VeChain" has been banned in this subreddit for the last 30 days. For more details about the ban itself, please visit [this r/cryptocurrencymeta post.] (https://np.reddit.com/r/CryptoCurrencyMeta/comments/7vgn26/important_updates_regarding_vote_manipulation/) [Changes have been made] (https://np.reddit.com/r/Vechain/comments/7w0f6x/addressing_brigading_and_other_community_issues/) and [official channels of communications](https://np.reddit.com/r/Vechain/comments/7wl9md/introducing_our_second_telegram_channel/) have been opened up to prevent this from happening in the future. + +All feedback is welcome, and all discussion is encouraged, but please no moon-posting, ridiculous price speculation or baseless FUD. Looking forward to answering any questions you guys have :) VeChain Foundation COO Kevin Feng is holding a Business AMA with Boxmining today, so new information is coming very soon. + +_________________________________________________________________________________________ + +##TL:DR. + +- VeChain is more than a supply chain solution +- VeChainThor is a global enterprise level public blockchain platform +- Focus on enterprise & government level adoption +- Focus on safety and security +- New DApps: VeVid, VeVOT and VeSCC - Foundation layer for new ecosystem +- New ICO: BitOcean - Fiat/VET on-ramp +- New partners: BMW, Yida Group, Australian 188 Business Alliance Association +- New VeResearch partner: Awaiting formal announcement from University +- New initiative: Carbon Bank alongside DNV GL, Tsinghua University, and government agencies +- New Website: https://www.vechain.org/ +- Potential for further growth: 180 business opportunities in the pipeline for 2018 +- Currently: DNV-GL at Global Food Safety Initiative - [live real-world use case for wine tracking] (https://www.dnvgl.com/news/dnv-gl-launches-my-story-the-blockchain-based-solution-to-tell-the-product-s-full-story-113549) and [cold chain logistics solution] (https://twitter.com/DNVGL/status/970852759615475713) +- X series node program - Additional rewards to early adopters, staking and long term investment + +_________________________________________________________________________________________ + +# Updates from the last 30 days + +It's been a big month for VeChain as they have continued to work and share with the community. Here are the updates from their [Official Medium channel] (https://medium.com/@vechainofficial) and Reddit Rebrand Post + +- 8th Feb - [VeChainā€™s First Official Public Infrastructural Decentralized Application ā€” VeVID] (https://medium.com/@vechainofficial/vechains-first-official-public-infrastructural-decentralized-application-vevid-cd97bdf98670) +- 12th Feb - [VeChain partners with Australian based 188 Business Alliance Association] (https://medium.com/@vechainofficial/vechain-partners-with-australian-based-188-business-alliance-association-6c266d2fca75) +- 13th Feb - [VeChain COO Kevin Fengā€™s blockchain lecture transcript in English] (https://medium.com/@vechainofficial/vechain-coo-kevin-fengs-blockchain-lecture-transcript-in-english-3170b944d624) +- 13th Feb - [VeChain Tech Sneak Preview] (https://medium.com/@vechainofficial/vechain-tech-sneak-preview-8834d5dde843) +- 20th Feb - [VeChain Signs A Partnership Agreement With Yida Groupā€™s IT Management division, Yida Future] (https://medium.com/@vechainofficial/vechain-signs-a-partnership-agreement-with-yida-groups-it-management-division-yida-future-44d0663a2ac) +- 21st Feb - [VeChain Technical AMA ā€” Hardware Questions Part 1] (https://medium.com/@vechainofficial/vechain-technical-ama-hardware-questions-part-1-ce7a5f19c3e1) +- 23rd Feb - [VeChain Technical AMA ā€” Hardware Questions Part 2] (https://medium.com/@vechainofficial/vechain-technical-ama-hardware-questions-part-2-6f6a0c79b630) +- 24th Feb - [VeChain Technical AMA ā€” Software Questions Part 1] (https://medium.com/@vechainofficial/vechain-technical-ama-software-questions-part-1-cb17c830e458) +- 26th Feb - [VeChain Technical AMA ā€” Software Questions Part 2] (https://medium.com/@vechainofficial/vechain-technical-ama-software-questions-part-2-294a5c58044c) +- 27th Feb - [VechainThor Rebrand Event: BMW, DApps, BitOcean ICO & More](https://np.reddit.com/r/CryptoCurrency/comments/80dvky/vechainthor_rebrand_event_bmw_oxford_university/) + - [BMW still under formal NDA. More information will follow, stay tuned.] (https://twitter.com/mspandorah/status/968441330320855040) + +- 2nd March - [VeChain Financial Executive Report vol. 2] (https://medium.com/@vechainofficial/vechain-financial-executive-report-vol-2-2fb65e91dad1) +- 7th March - [VeChain pledges 50M VET to create the X Series Node Program] (https://medium.com/@vechainofficial/vechain-x-series-6b77b746b4b2) +- 8th March - [My Story, The First Ever 3rd-party Initiated, Developed And Managed dApp On VeChainThor] (https://medium.com/@vechainofficial/my-story-the-first-ever-3rd-party-initiated-developed-and-managed-dapp-on-vechainthor-61deb8839e0d) + + _________________________________________________________________________________________ + +# New website - https://www.vechain.org/ +It has loads of useful information and a well produced introduction video. I would highly recommend reading through the website to get an idea of the scope of what VeChainThor is trying to accomplish. + +###### "We are controlled by the few, the powerful and the greedy. We should be free. Free to choose, to trade, to create. It is time for a new world, a world founded on **safety and security**. A world where everything you do creates power, power for all. And you, you will decide the shape of this world. The power to change the future, is in your hands. VeChain." VeChain Introduction Video + +_________________________________________________________________________________________ + +# What is Blockchain X? + +Blockchain X is a global enterprise level public blockchain platform. VeChainThor is referring to their network/protocol as Blockchain X, to differentiate it from Bitcoin (Blockchain 1.0) and Ethereum (Blockchain 2.0 = Blockchain 1.0 + Smart Contracts). + +###Blockchain X = Blockchain 2.0 + IoT + AI + VET/VeThor = A living digital ecosystem + +- Blockchain = structure - bones, muscle etc (immutable trustworthy network) +- IoT = senses - touch, vision, taste, smell, sound (collect real world information from RFID/NFC/QR etc.) +- VET/VeThor = bone marrow/blood - generate blood & circulate (value transfer on the network) +- AI = brain - information synthesis (automation of network with deep learning) + + _________________________________________________________________________________________ + +# VeChainThor: the top candidate for enterprise and government level adoption of Blockchain + +VeChainThor has an extremely strong development plan geared towards enterprise and government level adoption. If successful in their execution, I see VeChain being the leading cryptoasset comparable to Ethereum in size. The reasons I believe they will succeed are due to their ecosystem development, innovative governance model, robust economic model and strong strategic partnerships. The evidence of their success is snowballing with each new enterprise level partner and client. + +## DApps & Ecosystem development + +The infrastructure layer has adoption in mind at the very core. Governments and enterprises will prioritise **safety and security** before venturing into blockchain adoption. (Mentioned in the introduction video.) The core DApps, VeVID (Verified identity, KYC/AML), VeVOT (Voting, Governance tool) and VeSCC (Smart Contract Certification, Regulatory compliance) provide the safety and security that governments and enterprises will demand. Blockchain X will have built-in KYC/AML, Governance and Regulation compliance. This sets it apart from other protocols and ICO platforms. + +## Governance model + +The governance model is a balanced mix of decentralisation and centralisation. With problems such as Bitcoin's scaling debate, it appears that a purely decentralised governance structure may be inefficient. [VeChain will use a new model of a decentralised system through centralised channels.] (https://www.vechain.org/about#organization) The final decisions will be made in a decentralised democratic process through VeVOT by stakeholders with voting authority. I believe this model will be more widely adopted as it retains some of the efficient centralised channels that enterprise & government are familiar with, while still giving overall control to the network participants via a democratic voting system. + +## Economic model + +The [two-token economic model] (https://www.vechain.org/technology#vet) splits the value in the network into VET and VeThor. VET's primary function is to generate VeThor. VeThor represents the underlying costs of using the VeChainThor blockchain. All smart contract execution and transactions will require payment with VeThor. Through the dynamic rate of VeThor generation, the fiat value of VeThor can be kept relatively stable. For example, if the VeThor price was too high due to an increase in enterprise demand, the VeThor generation rate can be increased, which increases supply, and brings the price back down. The opposite is also true if the VeThor price is too low. The way I see VET is a store of value, a representation of ownership of part of the network and the right to use the network. Whereas VeThor is the perfect medium of exchange and a pure utility token. By using a two-token system, VeThor can have a stable fiat value over a long period of time. A company will be able to calculate how much VeThor will be needed for a consistent fiat value year after year and will be able to budget for this. This is extremely useful for enterprise and government level adoption since it removes the inherent price volatility from a nascent market like crypto. + +VeChain also has a Node system, whereby holding VET generates additional rewards. Nodes of different levels will generate up to 200% additional VeThor compared to the base rate. This encourages long term staking in the network and decreases volatility. See the [Apotheosis Part II article] (https://medium.com/@vechainofficial/vechain-apotheosis-part-ii-thor-power-forged-974111a93278) and [X Series Node article](https://medium.com/@vechainofficial/vechain-x-series-6b77b746b4b2) for more information. A portion of VET supply will be locked up when nodes activate. Long term VET holders will not sell and downgrade their status. This decreased supply will lead to price increases. Early adopters (Deadline to stake: Before 20th March 2018) will be rewarded in the new X Series Node system. Features include exclusive participation in VeChain ecosystem project whitelists. (Something I'm excited about since I believe there will be a handful of reverse ICOs from traditional enterprise clients) + +## Technology + +VeChain is planning on adding [more than 100 additional full-time developers by the end of 2018.] (https://medium.com/@vechainofficial/vechain-financial-executive-report-vol-2-2fb65e91dad1) + +For those interested in the technology of Blockchain X, I would direct you to the Medium AMAs where the VeChain team have provided detailed answers to common questions. [Hardware 1] +(https://medium.com/@vechainofficial/vechain-technical-ama-hardware-questions-part-1-ce7a5f19c3e1), [Hardware 2] (https://medium.com/@vechainofficial/vechain-technical-ama-hardware-questions-part-2-6f6a0c79b630), [Software 1]( https://medium.com/@vechainofficial/vechain-technical-ama-software-questions-part-1-cb17c830e458) and [Software 2] (https://medium.com/@vechainofficial/vechain-technical-ama-software-questions-part-2-294a5c58044c) are worth a read. + +## Strategic partners + +The three strategic partners each play a key role in VeChainThor's expansion. [PWC] (https://en.wikipedia.org/wiki/PricewaterhouseCoopers) has clients which make up 85% of the Fortune 500. [DNV-GL] (https://en.wikipedia.org/wiki/DNV_GL) is the preferred provider of those Fortune 500 companies for management systems certification services. PWC and DNV-GL will serve to introduce their enterprise clients to VeChain and increase adoption. [BitOcean] (https://medium.com/@vechainofficial/vechain-bitocean-7f12402e13b0) is positioning itself as a Fiat on-ramp for Crypto in Japan through physical ATMs and online exchanges, with approval by Japan's Financial Services Authority. BitOcean also plans to operate in China when regulations are finalised. BitOcean represents a Fiat/VET pairing that may serve to decouple VET/BTC and lead to independence of VET from the whims of BTC price. + +## Evidence of adoption to date: Existing clients & Investors + +VeChain currently has 180 business opportunities in their pipeline for 2018 (compared to 4 use cases in 2016 and 22 in 2017). [They have real uses cases and existing clients](https://www.vechain.org/enterprise#usecases) that range from medium to large enterprises. Revealed clients include Chinese Government [Gui'an New Area project] (https://cdn.vechain.com/vechain_national_government_partnership_guian_release.pdf), BMW, Groupe Renault, DIG, Kuehne + Nagel, China Unicom, NRCC - State Tobacco, MLILY, Sunshine culture, Hubei Sanxin Cultural Media, Fanghuwang, YIDA future, Madeforgoods and iTaotaoke. Each of these partnerships deserve a detailed post on their own, they are all available on VeChain's Medium page. Taken together, it becomes clear what type of Ecosystem VeChainThor is trying to build. + +Jiangsu Printed Electronics and Xiamen Innov Information Technology are technology partners and I suspect will be mass producing the RFID/NFC chips. + +[Breyer Capital] (https://breyercapital.com/portfolio/) and [Fenbushi capital] (http://www.fenbushi.vc/index_en.html) are the two featured investors on VeChain's website. Jim Breyer generally makes some pretty smart investment decisions. His only other crypto investments are Circle and Ethereum. + +**Bonus news**: This week they are presenting with DNV-GL a cold chain supply chain solution at the Global Food Safety Initiative conference 2018. Zoom in and you'll see [VeChain Intelligent Control Display System.] (https://twitter.com/DNVGL/status/970852759615475713) DNV-GL have also launched their new digital assurance solution, My Storyā„¢. Four top Italian wine producers are using My Storyā„¢ under supervision of the Italian wine authorities. [Twitter] (https://twitter.com/dnvgl/status/971137787226243073?s=21) and [DNVGL] (https://www.dnvgl.com/news/dnv-gl-launches-my-story-the-blockchain-based-solution-to-tell-the-product-s-full-story-113549) link. + + +## China's potential + +China is widely known to be anti-cryptocurrency but extremely pro-blockchain. China's "13th Five year plan 2016-2020" focuses on moving up in the value chain by abandoning old heavy industry and building up bases of modern information-intensive infrastructure, with blockchain and Smart Cities being a key technological focus. VeChain has achieved approval from the Government of the People's Republic of China with [Gui'an New Area project] (https://cdn.vechain.com/vechain_national_government_partnership_guian_release.pdf), multiple mentions on state owned media (CCTV) and deals with state owned enterprises (China Tobacco). China will not fall behind in the international Blockchain race, they will finalise regulations and adopt Blockchain rapidly in the coming years. VeChain appears to be one of the leaders in the field, with their largest office in Shanghai and existing government connections. + + +## Leader in the field + +Last but not least, VeChain is leading the field in a number of areas. + +1. [Academic research] (https://medium.com/@vechainofficial/initiating-veresearch-a-global-research-grant-program-focused-on-innovative-blockchain-1af41dbdc63a): VeResearch with [Michigan State University] (https://medium.com/@vechainofficial/vechain-introduces-michigan-state-university-as-first-veresearch-participant-and-pioneering-the-mec-c8dec3015914) #1 for supply chain management and another university to be announced +2. Transparency: quarterly financial reports, regular social media updates, multiple AMAs, response to r/cryptocurrency ban, directly addressing FUD in official Telegram channels +3. Corporate responsibility: [cryptocurrency disaster recovery plan] (https://medium.com/@vechainofficial/vechain-passes-the-first-ever-cryptocurrency-disaster-recovery-plan-from-pwc-f69ccf238a7a) +4. Environmental responsibility: Carbon bank initiative with DNV-GL + + +_________________________________________________________________________________________ +_________________________________________________________________________________________ + +## Skeptics section +In the interests of balanced discussion, I will update this section with skepticism I find in the comments below. + +1. "No whitepaper" + - VeChain are working on a Whitepaper as part of their Q1 2018 goals. Information normally found in a Whitepaper has been made available through the [development plan] (https://cdn.vechain.com/vechain_ico_ideas_of_development_en.pdf). I'm actually not too fussed about not having a whitepaper. For me evidence of enterprise adoption is a more useful indicator of how successful VeChainThor could be. + +2. "No official wallet" "No Mainnet" + - VeChainThor has been operating as a private blockchain since June 2016. Public VeChainThor Blockchain Launch, VeChain Wallet with VeThor Forge Function will be released in Q2 2018 according to the [roadmap.] (https://www.vechain.org/#roadmap) + +3. "VeChain are dumping their VET on the open market" + - False FUD. Addressed by VeChain Foundation directly in the Official Telegram channel. + - [Telegram quotes from Sunny Lu CEO](https://np.reddit.com/r/Vechain/comments/81nv39/sunny_lu_came_into_the_vechain_telegram_chat_to/) + - [Telegram quotes from Kevin Feng COO] +(https://np.reddit.com/r/Vechain/comments/81ok37/kevin_feng_cfo_was_also_in_the_tg_to_address_the/) + +4. "Can we talk about the fact that the BMW "partnership" is not really a partnership? VEN is allowed to participate into a startup program hosted by BMW. BMW is not a client. http://www.bmwstartupgarage.com/partner " - u/DutchDolt + - "BMWstartupgarage" has neither been confirmed or denied by BMW or VeChain, it has been spread by a youtuber called "Crypto Gem" + - Going to the website linked, BMW refers to successful participants as both partners and clients + - This is still a developing partnership with details under NDA, however the VeChain/BMW link has been confirmed at the [VeChain rebranding event](https://www.youtube.com/watch?v=vfAEir7uT_g&feature=youtu.be&t=36m48s) +and by [Sarah VeChain Country Manager] (https://twitter.com/mspandorah/status/968441330320855040) + +5. "Vote manipulation" "Shilling" "Brigading" "You're a paid shiller" + - In the past VeChain Telegram Moderators wilfully participated in brigading, leading to the ban on the word "VeChain" for 30 days in r/cryptocurrency + - It is difficult to differentiate manipulated behaviour and organic behaviour on Reddit, the moderators here do an amazing job getting rid of spam and detecting vote manipulation + - The Official VeChain Foundation has stepped in to help Reddit moderators prevent VeChain vote manipulation + - Official Telegram Rules: Brigading & Reddit links: We have a new policy regarding Reddit and 'brigading'. No brigading of any kind will be allowed. If you want to post a Reddit link, do so with the "np." prefix added to its URL, for example "np.reddit.com /r/CryptoCurrency". No spamming for upvotes, as it hurts both of our communities. + - This is strictly enforced by Telegram moderators and results in a warning then an insta-ban for repeat offenders + - https://imgur.com/a/sOva9 is being copy-pasted en masse by detractors as evidence of brigading + - Image shows Boxminig feeling sorry for WTC PR team and a "np" link to a different thread + - I wish I got paid to shill VeChain, I made this post to share a fundamentally strong crypto with the community +_________________________________________________________________________________________ + +### An interesting perspective supported by CEO Sunny Lu + +##### /u/NTSpike: [VeChain Thor Is Positioning to Become THE #1 Enterprise dApp Platform, and Here's Why - A Systems Analyst's Perspective](https://np.reddit.com/r/Vechain/comments/7o4xr4/vechain_thor_is_positioning_to_become_the_1/) + +_________________________________________________________________________________________ + +Disclaimer: My holdings are 80% VEN and remainder in NEO, WTC, TKY, XRB, AMB + +Hey guys, I thought about posting this in /r/cars maybe, but it seems like they are car *lovers* and might not be able to offer me the best advice. +My situation is that we are building a house, due to close on 9 March. My husband and I shared a car between the 2 of us (still on a $12k loan) and it worked for us for 10 months because we worked in the same building! Husband got a new job, and I am stranded at my job until late at night when he can swing by to get me. This is NOT going to work. I don't want to open any new loans before we close on our house, and we can't afford to spend much cash because we are trying to make our down payment as big as possible. + +Bottom Line: I need to get a beater to get me through the winter. Would like to keep it around $1500. What are some things I should look for in the car and some negotiating tactics? Thanks for your help and advice. +Edit: Can't believe I didn't mention this: I live in the MidWest, so I'll need good tires and heat. + + +UPDATE (4 days later): I want to thank you all for taking time out of your day to give me some amazing advice and teach me things to look for in a prospective car that I would have never considered. I GOT A CAR!! $1500 (all of you haters who thought it couldn't be done for that amount can K my A! haha). It is a one-owner 2004 Nissan Accent with 156k, mechanically perfect, 14k on tires (80k tires), and only one tiny spot of rust on the wheel well. Interior is spotless. I do have to admit I got really lucky with this deal, as this car blue-booked about a grand higher (but I went to HS with the owner so they cut me a break). Anyway, just wanted to share how this all turned out! Thanks again Reddit! I never would have considered a Hyundai before you guys came into my life ;) +Hello! I have looked into day trading and it seems like something I would be interested in making a career out of, but I have no reference for how possible that is. I don't have dreams of thousand-dollar days or anything, I just want modest returns with the freedom the job provides. Is it something that can be done realistically? or is it about as possible as becoming famous? +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +I would like to congratulate all of the Apes around the world who are having their names marked as the owners of shares in their own names, who will be able to cast a ballot in a few weeks approving GameStop to increase the number of approved shares. While I cannot understand why the SHFs have spent this week driving down the price, the relentless force of DRS is sure to overcome them eventually. Meanwhile, Ryan Cohen is fully on the attack, redirecting attention to just what an awful company BCG is. When I saw his tweet yesterday, I got a sense that he is trying to redirect our attention back to BCG - perhaps with a bit more digging, we'll uncover something even more heinous? + +In any case, I have all of the confidence in the world that Ryan and the GameStop leadership has successfully removed the cancer that is the Boston Consulting Group from a position of influence within the organization, and is steering the ship in a much better direction. Everything I have seen about BCG and how they operate makes me certain that they were only involved in GameStop's operations to be a fatal saboteur - Citadel and other hedge funds were counting on them to ensure that GameStop failed. With BCG out of play, and GameStop on a serious growth trajectory, their short play has turned against them, and the only bankruptcy they'll succeed at is their own. Meanwhile, we simply HODL with DiamantenhƤnde as they do their best to survive another day. + +Today is Friday, April 8th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ„ 120 minutes in: **$152.08 / 139,31 ā‚¬** *(volume: 2194)* +- šŸŸ© 115 minutes in: $152.09 / 139,32 ā‚¬ *(volume: 2190)* +- šŸŸ„ 110 minutes in: $152.04 / 139,28 ā‚¬ *(volume: 2184)* +- šŸŸ© 105 minutes in: $152.06 / 139,30 ā‚¬ *(volume: 2123)* +- šŸŸ„ 100 minutes in: $152.04 / 139,28 ā‚¬ *(volume: 2121)* +- šŸŸ„ 95 minutes in: $152.13 / 139,36 ā‚¬ *(volume: 2111)* +- šŸŸ© 90 minutes in: $152.13 / 139,37 ā‚¬ *(volume: 1839)* +- šŸŸ„ 85 minutes in: $152.07 / 139,31 ā‚¬ *(volume: 1839)* +- šŸŸ© 80 minutes in: $152.12 / 139,36 ā‚¬ *(volume: 1836)* +- šŸŸ© 75 minutes in: $152.08 / 139,31 ā‚¬ *(volume: 1745)* +- šŸŸ© 70 minutes in: $151.96 / 139,21 ā‚¬ *(volume: 1691)* +- šŸŸ„ 65 minutes in: $151.75 / 139,02 ā‚¬ *(volume: 1402)* +- šŸŸ© 60 minutes in: $151.87 / 139,12 ā‚¬ *(volume: 1283)* +- šŸŸ© 55 minutes in: $151.85 / 139,11 ā‚¬ *(volume: 1042)* +- šŸŸ© 50 minutes in: $151.79 / 139,06 ā‚¬ *(volume: 893)* +- šŸŸ© 45 minutes in: $151.65 / 138,92 ā‚¬ *(volume: 880)* +- šŸŸ„ 40 minutes in: $151.32 / 138,62 ā‚¬ *(volume: 479)* +- šŸŸ© 35 minutes in: $151.38 / 138,68 ā‚¬ *(volume: 230)* +- šŸŸ„ 30 minutes in: $151.34 / 138,64 ā‚¬ *(volume: 95)* +- šŸŸ© 25 minutes in: $151.37 / 138,67 ā‚¬ *(volume: 53)* +- šŸŸ© 20 minutes in: $151.28 / 138,58 ā‚¬ *(volume: 52)* +- šŸŸ„ 15 minutes in: $151.25 / 138,56 ā‚¬ *(volume: 52)* +- šŸŸ© 10 minutes in: $151.27 / 138,58 ā‚¬ *(volume: 52)* +- šŸŸ„ 5 minutes in: $151.18 / 138,49 ā‚¬ *(volume: 52)* +- šŸŸ© 0 minutes in: $151.25 / 138,56 ā‚¬ *(volume: 32)* +- šŸŸ„ US close price: $150.00 / 137,41 ā‚¬ *($150.94 / 138,27 ā‚¬ after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0916. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +DiamantenhƤnde 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! šŸ‘‹šŸ¦ + +I would like to congratulate all of the Apes around the world who are having their names marked as the owners of shares in their own names, who will be able to cast a ballot in a few weeks approving GameStop to increase the number of approved shares. While I cannot understand why the SHFs have spent this week driving down the price, the relentless force of DRS is sure to overcome them eventually. Meanwhile, Ryan Cohen is fully on the attack, redirecting attention to just what an awful company BCG is. When I saw his tweet yesterday, I got a sense that he is trying to redirect our attention back to BCG - perhaps with a bit more digging, we'll uncover something even more heinous? + +In any case, I have all of the confidence in the world that Ryan and the GameStop leadership has successfully removed the cancer that is the Boston Consulting Group from a position of influence within the organization, and is steering the ship in a much better direction. Everything I have seen about BCG and how they operate makes me certain that they were only involved in GameStop's operations to be a fatal saboteur - Citadel and other hedge funds were counting on them to ensure that GameStop failed. With BCG out of play, and GameStop on a serious growth trajectory, their short play has turned against them, and the only bankruptcy they'll succeed at is their own. Meanwhile, we simply HODL with DiamantenhƤnde as they do their best to survive another day. + +Today is Friday, April 8th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ„ 120 minutes in: **$152.08 / 139,31 ā‚¬** *(volume: 2194)* +- šŸŸ© 115 minutes in: $152.09 / 139,32 ā‚¬ *(volume: 2190)* +- šŸŸ„ 110 minutes in: $152.04 / 139,28 ā‚¬ *(volume: 2184)* +- šŸŸ© 105 minutes in: $152.06 / 139,30 ā‚¬ *(volume: 2123)* +- šŸŸ„ 100 minutes in: $152.04 / 139,28 ā‚¬ *(volume: 2121)* +- šŸŸ„ 95 minutes in: $152.13 / 139,36 ā‚¬ *(volume: 2111)* +- šŸŸ© 90 minutes in: $152.13 / 139,37 ā‚¬ *(volume: 1839)* +- šŸŸ„ 85 minutes in: $152.07 / 139,31 ā‚¬ *(volume: 1839)* +- šŸŸ© 80 minutes in: $152.12 / 139,36 ā‚¬ *(volume: 1836)* +- šŸŸ© 75 minutes in: $152.08 / 139,31 ā‚¬ *(volume: 1745)* +- šŸŸ© 70 minutes in: $151.96 / 139,21 ā‚¬ *(volume: 1691)* +- šŸŸ„ 65 minutes in: $151.75 / 139,02 ā‚¬ *(volume: 1402)* +- šŸŸ© 60 minutes in: $151.87 / 139,12 ā‚¬ *(volume: 1283)* +- šŸŸ© 55 minutes in: $151.85 / 139,11 ā‚¬ *(volume: 1042)* +- šŸŸ© 50 minutes in: $151.79 / 139,06 ā‚¬ *(volume: 893)* +- šŸŸ© 45 minutes in: $151.65 / 138,92 ā‚¬ *(volume: 880)* +- šŸŸ„ 40 minutes in: $151.32 / 138,62 ā‚¬ *(volume: 479)* +- šŸŸ© 35 minutes in: $151.38 / 138,68 ā‚¬ *(volume: 230)* +- šŸŸ„ 30 minutes in: $151.34 / 138,64 ā‚¬ *(volume: 95)* +- šŸŸ© 25 minutes in: $151.37 / 138,67 ā‚¬ *(volume: 53)* +- šŸŸ© 20 minutes in: $151.28 / 138,58 ā‚¬ *(volume: 52)* +- šŸŸ„ 15 minutes in: $151.25 / 138,56 ā‚¬ *(volume: 52)* +- šŸŸ© 10 minutes in: $151.27 / 138,58 ā‚¬ *(volume: 52)* +- šŸŸ„ 5 minutes in: $151.18 / 138,49 ā‚¬ *(volume: 52)* +- šŸŸ© 0 minutes in: $151.25 / 138,56 ā‚¬ *(volume: 32)* +- šŸŸ„ US close price: $150.00 / 137,41 ā‚¬ *($150.94 / 138,27 ā‚¬ after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0916. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +DiamantenhƤnde 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! +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# šŸŸ£ [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! + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 tradeā€“ then this is for you + +**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) + +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, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +*Luke-Jr doesn't like paper wallets.* To this end, he has renamed/moved the official Bitcoin wiki for "Paper Wallet" to "Paper ECDSA private keys", making it confusing and difficult for users to learn what a paper wallet is and how to stay safe when making one. Meanwhile, he has created a brand new "Paper wallet" page in which he redefines a paper wallet as a Armory/Electrum backup of a HD wallet mnemonic seed, and says that these should not be confused with what you and I and everyone else calls a paper wallet. + +The other contribution Luke-Jr made to the original paper wallet wiki was to unlink my own service (bitcoinpaperwallet.com) from the wiki, his reasoning being, "*BitcoinPaperWallet was removed because it is a website for generating private keys*". As someone who has put a lot of energy into paper wallet education and generally helping the bitcoin community with paper wallet generation, I find this utterly baffling. + +I don't want to get involved in a revision battle here. Luke-Jr has already started that, reverting any changes I make to the wiki instantly. + +**If you have an opinion on this matter and you have bitcoin wiki editor privileges, please express it on the [discussion page](https://en.bitcoin.it/wiki/Talk:Paper_ECDSA_private_keys).** + +*Edit 1: you can also express opinions right here of course :)* + +*Edit 2: much of the discussion on this page is about whether or not paper wallets are a good idea, or if websites should be used to generate them. Can we at least agree that these pro/con arguments should appear on a wiki page called "paper wallets" so everyone can find them? If those arguments appear on a wiki page called "Paper ECDSA private keys" then nobody will see them.* + +*Edit 3: Gladoscc on the wiki has renamed "Paper ECDSA private keys" back to "Paper Wallet" as of 12:41 UTC, so you may be confused if you visit the wiki to see what all the hubbub is about -- unless his change has been reverted by the time you read this.* :) + +*Edit 4: Gladoscc's change didn't last for more than 24 hours before Luke-Jr re-reverted the changes, and then added in a confounding set of redirects in the wiki so that "Paper Wallet" redirects to "Paper wallet" which then redirects to his page on HD wallet mnemonic seeds. I cannot understand how this is supposed to help end users who want to learn what a paper wallet is (and why they're risky, and how hard it is to produce them in a safe way.)* +Octopus has announced that it will acquire Bulb. +This means that, subject to the deal receiving final approvals, and after a migration period, Bulb members will become part of Octopus. Read more on our blog: https://bulb.co.uk/blog/bulb-update-for-members +Bulb members don't need to take any action. Bulb will operate as usual until all customer accounts are transferred. There's no change to your supply, and your credit balance is protected. If you pay for your energy by top-up, your top-ups are working as normal. +Hello autists, + +Autistic question for you. I've been trading CFDs for the last few months, up about \~200% thanks to catching the crash on its way down, then down \~50% thinking it would keep going. Currently cash gang. I don't believe the current bull rally, so looking to short again soon, probably if the S&P hits \~3,000. + +As I am sure all of you are aware, some of the retards over there at WSB having been making 10x and 100x returns (survivorship bias I am sure), but I wanted to check the potential upside of options compared to CFDs (which our blessed country still allows). + +Assume I want to risk $5,000 and I predict SPY will go to 220 within a few months. If I do with with a CFD, it would look like this: + +&#x200B; + +https://preview.redd.it/ggffpoimcwr41.png?width=1018&format=png&auto=webp&s=d170ec32eb79a15494d9d7c06a618330b2c95394 + +So, basically I am short 15 units of SPX 500, my stop loss is $5k if market his \~3,000 (my total risk in some sense) and take profit it market his \~2,000 / SPY 200, where I would make $15k profit. + +If I did an equivalent kind of thing with options, it would look like this: + +https://preview.redd.it/owcty2n0dwr41.png?width=729&format=png&auto=webp&s=b88bb0ff08fd42e78692672b96ab90b4a6c72e61 + +The image shows profit calculations based on \~5k worth of puts with a strike price of $220 and expiry of 19th June. That is, it's a very similar scenario to the CFD example. + +My question is why anybody would be these puts when the CFD seems more attractive. + +CFD benefits: + +* Market goes side ways for 3 months, you basically just lose your holding cost (a few dollars per day). With puts, you are immediately in the red from day one if market goes sideways, and after a month your position has halved in value. +* If market drops late (e.g. 2 months), CFDs will print $$, puts will still be in the red simply due to how their value is calculated. +* With puts, basically, only in the case where I get a drop to 220 within a month, can I get profit of \~$15k. And that drop has to be straight to 220 (which is obviously not likely to happen that quickly). With CFDs, if any any point in the next 3 months I get a drop to 220, I make \~$15k less minimal holding costs (i.e. if the next leg down is staggered which is more likely in my opinion, then the CFD is much more attractive). + +PUT benefits: + +* The only benefit I see is that a rise beyond 300 will wipe out the CFD position, but it won't wipe out the PUTs. It will render then at a significant loss, but with the possibility of gaining in value later. However, if this happens, basically the entire thesis that SPY is going to 220 is wrong, and I would be cashing out the puts then anyway. So I'd have a small saving (e.g. \~50% loss instead of 100%). This is all excluding the chance that SPY has another sharp leg up and then an epic crash which is of course possible, but I would be surprised if the difference in benefits between PUTs and CFDs in this case came down to the relatively unlikely chance of that happens. + +In evaluating this I am confused why options can sometimes be more attractive than CFDs. I am aware that with CFDs my counter party is the MM but that has not been a problem so far and seems to be an overblown concern unless you are trading on signficant margin or holding short term positions where by manipulating their instruments they can wipe your positions out (I am not in these categories). + +Another explanation might be that current options are poorly priced due to high IV; perhaps if they were not price highly, the above options profit calculator would be much more attractive. If that is the case then that is the simple answer - basically (1) when volitility is high, trade CFDs, when it is low, trade options. But since I am retarded, I don't know how IV affects option pricing. + +Basically - with puts I am betting the market will go down, this is less likely than what I am betting with CFDs, which is the market will go down but if it i goes sideways, I don't even lose money (with puts I do). But a CFD in this example gives the same return (more or less). What am I missing? + +**TL; DR SPY 220 JULY-19, however via CFDs and not PUTs since PUTs seem worse value to me unless I am autistic.** +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +A2 Milk smashed their reports and they dip so doubled down. Doesn't make sense to me, they were in line with Goldman expectations too which had them at like a 20.5 + +Get the dip and im pretty sure it will bounce + +CSL too also did really well i bought some more there too +After being burned several times I feel like I need to be an expert in company board compositions, reading financials, industries I invest in, and reading between the lines of company announcements. Now you could say I was burned due to greed, not selling when I was up a lot. But my plan was to hold the stocks I had for at least 5 years. I would be woeful at selling high and buying back in low. How much research do you guys do (those that have made money) into an industry/company/board before committing? +I'm not expecting everyone here to be honest. But when people on this sub ask for stock advice, what to buy, what's hot whats not. How many of you guys give actually genuine advice, and how many of you just say to buy whatever you hold. I'll still yolo into the stocks mentioned most. But just wanna know if its legit advice +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +RNT- $1000 worth and in 1 day it went to around $250 in profit ( then back down* )- but, had i have put in 1 Mil then , well you do the maths. I get the feeling that the big players cash in and cash out making 100's of thousands out of millions and the rest of us just get tumbled around like a washing machine? + +In saying all of that, if you are buying $1000 of RNT( for example) is your goal - + +A- short term $250 chash out and thats a big win ? + +B- long term and hoping in rockets then cash out at say $20k + + +C - get a free carry out of it + +D- hold it forever till it turns blue chip + +E- All of the above + +I 100% understand that everyone wants to make millions eventually, i guess what i still havnt worked out is, do MOST people on here just dabble week to week with a few thousand ( essentially gambling ) or do people make a full time job of this type of trading and make a killing. + +Are most people speculating with say 30% of their money and 70% is on blue chip ? Or are most people here just YOLOing. + +It would be good to hear what some of you have to say cause im a little lost by it all. + +The main reason im lost is ( not to sound like a cockhead) i make fairly good money already in my day job so im not overly intrested in a small $250 gain( if thats all it is)- but im also too scared to throw in $200k. I just havnt seen what happens long term with this type of trading to know where it ends up. + +Im not sure if what im saying is coming out properly, so feel free to roast me if necessary hahah +Hello all! + +Hope everyone is doing well. We had a nasty storm come through a while ago, and I had to be in a hotel while repairs where made, and then I lost some items that had to be replaced (food, etc). + +Renters insurance covered most of, if not all, of it. For the low price of 12 dollars a month. + +If you rent, please get renters insurance. + +On top of helping cover lost food, destroyed items, it also covers liability. Mistakes happen, it's part of being human. But with renters insurance, you are covered (check your policy/talk to an agent to see what exactly is covered) if you destroy property accidentally, or if someone accidentally gets hurt in your apartment. + +Renters insurance is insanely cheap, and can even be cheaper if you bundle it with other insurance, like car insurance. Something to def look into! I hope this helps some people :) +Yeah it may not be the proper term because an emergency fund is meant to cover any major issues that may come in your life (car issues , job loss, etc). Although when I started actually calling it a Freedom fund (primarily Freedom not to be in debt if my car breaks down or Freedom if I loose my job to take a break and travel or look into exploring new career avenues) , I definitely felt more inclined to hold off on buying superfluous things and put money away. + +I think the term ā€œemergencyā€ kinda scares people or makes people think ā€œman emergencies wonā€™t happen to meā€ or ā€œ I donā€™t want to think about bad timesā€. Although I think when we put this into a positive tone or word , it really makes you feel like you are going towards something more important that superfluous things. + +Edit: Wow, didn't realize this would receive so many replies. I just wanted to say I really appreciate the kind feedback and feel great if this motivated you to save more as well! Oh and also, yes I am 'merican. + +Best of luck to everyone in their 2018 goals no matter what they may be! +[https://preview.redd.it/apb3eb084b271.jpg?width=522&format=pjpg&auto=webp&s=eba33e5d983ebf680b413f6f94631d2e7008f108](https://preview.redd.it/apb3eb084b271.jpg?width=522&format=pjpg&auto=webp&s=eba33e5d983ebf680b413f6f94631d2e7008f108) + +# EDIT: THIS NEEDS TO BE SPREAD EXPONENTIAL! TELL 2 APES TO TELL 2 APES! + +Apes, + +Iā€™ll keep it short. The best thing you can do at this point is **nothing** (Or the Autonomous Ape: Buy/Hold/Vote) and thatā€™s actually more important than you know. + +Every new post expands the battleground for FUD. Imagine if we were on a physical battlefield that kept growing in size. This would be the same fight with more territory to cover and less resources. + +This community has gathered so much great intel over the past months. Youā€™ll find everything in the side bar or with a quick search. Normally this is considered internet etiquette, right now itā€™s **mission critical.** + +Donā€™t get me wrong, donā€™t stop posting entirely. I donā€™t know if my body would allow me to poop without scrolling for Mayo-Memes. + +Ideally, + +**Less of:** + +* *Questions that have been answered.* +* *Shill articles posted ironically (Melvin Covered, ahahahah) Weā€™re not the target audience, donā€™t bring that in here.* +* *What-ifs and other wild ideas of how this could end poorly for us.* + * *Donā€™t open that debate.* + * *Donā€™t give these morons any ideas.* +* *Anything that could become ammunition to the media or used out of context.* + * *This one sucks because these asshats deserve everything they have coming to them and they will have their day. Just consider this approach to be strategic.* + +If you ask a question and get an answer, update your top post with the answer and how you found it or delete your post and shrink the battlefield. + +**More of:** + +* *Sweet, Sweet Confirmation Bias* +* *DD that has you calling a doctor after more than 4 hours.* +* *Positivity and examples of community impact. (Anyone want to go pick up trash near their local GameStop this weekend?)* +* *Thatā€™s the short list, thereā€™s really nothing else we need here.* + +As we roll into next week and eventually the impending MOASS itā€™s going to be more important than ever to stay grounded, aware, informed and relaxed. Help yourself and everyone else by setting the MODs up for success. + +Lastly, itā€™s not just up to the mods. This community has the best FUDAR and calling out the shills or FUD immediately every time is important. (If you see something, say something.) This is the best way we can be active, engaged and contribute to this Sub without necessarily posting our own content. + +I genuinely love you all. It's incredible to be here and it's an honor to hold with you. + +DIAMOND FISTS + +\*edited cause format was what you'd expect from me. + +\*Another unexpected edit: I'm beyond grateful for every message and award you Apes have sent. I'm a grumpy combat veteran^((we are many)) and awards/medals are kind of our thing. Since I have your ear, what I really want is a future where young men and women don't feel obligated to risk their life to afford college and healthcare. Give me that for every Gold-star mother that should be texting their child about GME right now but can't. +I never understood why I couldn't save money, and I always seemed to be in credit card debt. + +&#x200B; + +Now I know! I've been spending WAY too much money eating out and buying clothes. Last year, I lived in the house alone for 6 months, while my parents went on an extended vacation. When they came back, they were surprised that most of the food in the freezer was still there! I was too lazy to cook, and decided to go out for pho or pizza instead. This really adds up when you're doing it 3 or 4 times a week. + +&#x200B; + +This year, I have made a point of eating everything in the freezer before I even go grocery shopping. And there is a time and place for grocery shopping. I can't be making mini-trips to the market everytime I want to cook a new recipe. This was really adding up. + +&#x200B; + +Also, I have now learned to preserve things I like. When I got back from my vacation in the Philippines, I threw out my year old vans shoes, even though I could have just washed them and made them new again. And you guessed it, I went out and spent $80 on new ones. + +&#x200B; + +Just this week, the zipper on my jeans broke. The me of one year ago would have used this as an excuse to go out and buy new jeans. But not today! I took them to a tailor and she said she can replace the zipper for $20. I'm also thinking of taking my favourite sweatshirt to her to see if she can sew up the hole in it. Not everything is an excuse to go out and shop. If you do this, you'll be poor forever. +So in reference to the Great Resignation thread, seems a lot of people are jumping ship for 50% pay increases. + +What kind of industries are experiencing this? Being Perth based I know FIFO jobs are in need. + +I'm in accounting and these kind of increases don't exist for me. +As far as I can see, one of the arguments that is used to sell the idea of Bitcoin is that unlike gold, and fiat currency I guess, it has a finite amount of it theoretically possible and useful (minus whatever gets lost or hidden), hence it is considered some kind of store of value relative to fiat currencies which can be printed endlessly. + +Is this actually true though? Isn't it possible to either: + +a) Infinitely divide bitcoins into smaller and smaller units of exchange, sort of the opposite of hyper-inflation. + +b) Can't you come up with an ever-increasing number of 'versions' of Bitcoin, i.e. other cryptocurrencies that utilize virtually identically underlying technology, and even if they too have a limit to how much of them can be mined, if you can just keep on inventing a new one and a new one after that, for which there would obviously be a profit motive, then what is the actual difference? +>Carl Icahn sold his massive stakes in Netflix and Apple more than five years ago, missing out on over $40 billion in prospective gains. The billionaire investor and Icahn Enterprises chairman first bought Netflix stock in the third quarter of 2012, and quickly amassed as many as 38.5 million shares, adjusted for the video-streaming platform's 7-for-1 stock split in 2015. "Netflix was a no-brainer when we first went into it," Icahn told CNBC in June 2015, citing the company's huge war chest. Icahn's roughly 9% stake in Netflix rose in value to over $1.7 billion by late 2013. However, the investor steadily reduced it over the next few quarters, and exited the holding entirely in the second quarter of 2015. + +>"As a hardened veteran of seven bear markets, I have learned that when you are lucky and/or smart enough to have made a total return of 457% in only 14 months, it is time to take some of the chips off the table," he explained in a Securities and Exchange Commission filing at the time. +Guten Morgen (Ā”y hola!) to this global band of Apes! šŸ‘‹šŸ¦ + +When I saw the news that Melvin Capital was going to close to restructure, it made me wonder what impact that would have on the short positions that they never closed. Would closing the fund force them to close out those short positions? While on the surface it originally appeared to be a way to once again charge exorbitant performance fees, the apology letter from Gabe Plotkin doesn't come across as genuine. I sense that the other Institutional Shorts that continue to maintain enormous short positions rebelled against Melvin being the first to close the short positions, as any attempt to close the positions will trigger enough buy pressure to trigger the MOASS, and none of them is willing to let *Melving Capital* be the first to close and the only fund to survive. It makes sense why this plan would be rolled back so quickly. It is not because Gabe cares about his investors; it is because he fears his masters. + +Meanwhile, all sorts of turmoil across the broader markets is indicating that we're in for some more volatility, and there's no predicting where the next bump is going to take us. As we rest assured in our wise investment decisions, appreciate the level of zen that being invested in GME brings. In the past, such a volatile market would have me concerned about the impact on my broadly diversified portfolio - now I see red and appreciate the discount on moon tickets. As I filter out the noise of FUD attacks on the sub, I am glad to be among such great company in this thread each day. + +Today is Tuesday, April 26th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ© 120 minutes in: **$136.77 / 127,28 ā‚¬** *(volume: 354)* +- šŸŸ„ 115 minutes in: $136.69 / 127,20 ā‚¬ *(volume: 352)* +- šŸŸ© 110 minutes in: $136.70 / 127,21 ā‚¬ *(volume: 350)* +- šŸŸ„ 105 minutes in: $136.67 / 127,18 ā‚¬ *(volume: 350)* +- šŸŸ© 100 minutes in: $136.68 / 127,19 ā‚¬ *(volume: 345)* +- šŸŸ© 95 minutes in: $136.67 / 127,18 ā‚¬ *(volume: 343)* +- šŸŸ„ 90 minutes in: $136.66 / 127,17 ā‚¬ *(volume: 343)* +- šŸŸ© 85 minutes in: $136.67 / 127,19 ā‚¬ *(volume: 343)* +- šŸŸ© 80 minutes in: $136.66 / 127,18 ā‚¬ *(volume: 330)* +- šŸŸ„ 75 minutes in: $136.66 / 127,17 ā‚¬ *(volume: 327)* +- šŸŸ„ 70 minutes in: $136.85 / 127,35 ā‚¬ *(volume: 262)* +- šŸŸ© 65 minutes in: $137.02 / 127,51 ā‚¬ *(volume: 157)* +- šŸŸ© 60 minutes in: $136.80 / 127,30 ā‚¬ *(volume: 156)* +- šŸŸ© 55 minutes in: $136.76 / 127,27 ā‚¬ *(volume: 156)* +- šŸŸ© 50 minutes in: $136.75 / 127,25 ā‚¬ *(volume: 156)* +- šŸŸ„ 45 minutes in: $136.72 / 127,22 ā‚¬ *(volume: 115)* +- šŸŸ© 40 minutes in: $136.73 / 127,24 ā‚¬ *(volume: 115)* +- šŸŸ„ 35 minutes in: $136.72 / 127,22 ā‚¬ *(volume: 114)* +- šŸŸ© 30 minutes in: $136.75 / 127,26 ā‚¬ *(volume: 114)* +- šŸŸ„ 25 minutes in: $136.68 / 127,19 ā‚¬ *(volume: 114)* +- šŸŸ© 20 minutes in: $136.71 / 127,22 ā‚¬ *(volume: 114)* +- šŸŸ„ 15 minutes in: $136.64 / 127,15 ā‚¬ *(volume: 114)* +- šŸŸ© 10 minutes in: $136.65 / 127,16 ā‚¬ *(volume: 59)* +- šŸŸ„ 5 minutes in: $136.61 / 127,12 ā‚¬ *(volume: 59)* +- šŸŸ© 0 minutes in: $136.66 / 127,17 ā‚¬ *(volume: 55)* +- šŸŸ„ US close price: $135.95 / 126,51 ā‚¬ *($135.38 / 125,98 ā‚¬ 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 1.0746. 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) + +DiamantenhƤnde 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! +Februrary 22, 2021 makes it 2 years since I retired from my job in automotive engineering. + +You can find last year's post here: https://www.reddit.com/r/financialindependence/comments/f7q7lo/one_year_update_38m_fired/ + +Now for this year's expenses. First the charts from Mint: + +[**Expenses Overview**](https://i.imgur.com/oliMMe6.png) + +[Food Expenses](https://i.imgur.com/juadwnF.png) + +[Healthcare Expenses](https://i.imgur.com/D5i78Sw.png) + +[Shopping Expenses](https://i.imgur.com/MF7PfsC.png) + +[Home Expenses](https://i.imgur.com/kfeEZII.png) + +[Utilties](https://i.imgur.com/U44lXAr.png) + +[Auto Expenses](https://i.imgur.com/sWmMKqM.png) + +[Taxes](https://i.imgur.com/P0RU665.png) + +[Entertainment](https://i.imgur.com/Vc7sTCu.png) + +Main Takeaways, last year I estimated that $22,700 was a reasonable real-world number for my annual expenses. I ended up spending $28,600 last year. About $4000 of that was some shopping splurging in January of this year for a new TV and computer stuff, because my financial situation was looking pretty good and I could spare the expense. Otherwise I was right on target with my estimations. + +For Healthcare, I did not take any ACA subsidies up front, and actually decided I'd rather do a larger Roth Conversion Ladder ($20,000) and convert some long term capital gains over to cash, thereby blowing up my AGI. In order to get a subsidy I'd need an MAGI of under like $35,000, which just wasn't going to work for me. + +**Investments:** + +I'll include my numbers at retirement, at 1 year, and as of today. I guess I'll start a table. + +Vanguard Investments: + +Type|Retirement Day|1 Year|2 Years +:--|:--|:--|:-- +Traditional IRA|$299,000|$348,000|$380,170 +Roth IRA|$14,500|$18,150|$70,236 +Brokerage|$18,400|$22,900|$37,108 +Total Vanguard|$331,800|$389,100|$487,515 +Other LTCG and Bitcoin|$145,000|$291,000|$1,315,000 +HSA Investment|$6000|$7400|$8760 +Cash|$20,000|$9000|$135,000 + +(Note on the Roth IRA, I don't think I had done my $20k conversion when I made the post last year. So that was $18,150, +$20k for 2020 Ladder, +20k for 2021 Ladder already done. So $58k, then ~$12k in gains makes the $70k.) + +So, it's been a pretty good year. Even with me losing about $60,000 with a bad GME play. Still holding that loser though, diamond hands and all that. + +With the Bitcoin run this year I've implemented my "rule" again. Every time the price goes up 20% I sell one off. So far I've sold at $33k, $39.8k, $48.2k, and then yesterday at $57.8k. This is going to mean a pretty big tax bill this year, but I want to "realize some gains" and get that money out into something a bit more stable. + +I'm doing a Roth Conversion Ladder of $20,000 to fill up the standard deduction and 10% tax level. All of the tIRA and Roth IRA are 100% VTSAX (1 year returns of about 20%). My Brokerage is $28k VTSAX and $9k (ow, it was $69k) of GME. + +**The Living Part** + +Not much of an update, just doing my thing. TV, video games, reading, doing puzzles. The weekly D&D game with my buddy and his wife (and his 18 month old baby) is a big highlight. Quarantine sucks, I've only seen my other friends twice this past year. Once was helping a buddy move house, and the other was a (carefully social distanced and completely outdoors) winter day-trip to the cabin to do some wood chopping. + +If you want to read more of that live stuff, look at last year's post: it's all the same. + +**I went back to work!** + +Oh yeah, I did go back to work last year. Well, kinda. I had signed up to work the 2020 census back in December of 2019. Thought it would be a fun thing to get me out of the house in the Spring. Well, then 2020 happened and census got pushed out. I got the call in June. I did the week of training (all paid), and then worked the first day. It really sucked. First it was hot as balls, and also no one was answering the door. Of the 35 cases I worked I talked to 5 humans and completed 2 surveys. The second day was even worse, and after an hour of walking that day's route I just walked home, texted my field supervisor, and quit. I ended up making a total of $575 for the like 20+ hours of training and then 3 hours of walking around before I quit. + +I've found that I **really** don't like being told when and where to be someplace, and what to do. Maybe if it wasn't in the middle of June and in a pandemic I might have had a bit more fun. But it wasn't fun, so why would I subject myself to something I don't want to do. That's kind of the best part about financial independance. I don't let people make me do things I don't want to do. ::shrug:: For this reason I don't think I'll ever be able to go back to a 9-5 job. + +That's it. I guess I'll repeat the TL:DR from last time: 39, FIREd, Money's looking right, Life is feeling right, everything is fine +Iā€™m big into Qualcomm ($QCOM). I think theyā€™re massively undervalued for their currents prospects, but also for their continued growth potential and their upcoming superiority in the 5G market (Iā€™ll leave it at that so this doesnā€™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 Iā€™m not missing anything. + +Any and all thoughts welcome. Thank you in advance. +Hi all! Looking to purchase our first home (primary residence) and going with a conventional loan with 3% down. + +Example: (estimate per Zillow calculator) + +Home value: 270k +30 year mortgage, monthly payment $1,700, total interest $174k +15 year mortgage, monthly payment $2,400, total interest 80k + +Ive been contemplating on the benefits of saving roughly 94k in interest by selecting a 15 year compared to a 30yr. The goal is the own the asset as soon as possible and grow our wealth. If we did select to go with a 30 yr loan the goal would to invest the difference in other investments but not sure if it's worth the ROI. My math shows we could add about $8,400/yearly in addition investments if we select a 30yr. Do you think that cash can work harder then a primary residence?? + +Any feedback or thoughts are welcomed! Thank you +Started this for her on her 4th birthday 14 months ago. Initial of $100 and another $50 every month since. Sheā€™s been buying only companies she knows, Apple, Disney, Netflix, Tesla, McDonalds, Dominos, Tyson Foods, Nike, Starbucks, Target, etcā€¦ Sheā€™s down 8% but thatā€™s better than me for the same time frame. Dollar Cost Averaging and big profitable companies FTW! I should just buy $1K every month of the same thing as her. Just today she asked if she could buy stock in the hotel weā€™re staying at because the pool is awesome. $50 of Marriot! +I work in a call centre and recently I've noticed a growing number of Australian customers prefer to pay for their bills with Amex. Normally when I tell them we don't accept Amex they get annoyed. They always have a visa or mastercard as a backup but say Amex is their preffered payment method. We've had numerous complaints for not accepting Amex. + +Is there any benefit to paying your bills with American Express? Is it just like better frequent flyer points? I thought it used to be dead here because it was an American company but lately it seems every "business man" type customer I get is using one so I'm curious what's made people turn and if it would benefit me. +What percentage? +Do you have separate accounts as well? + +Anyone can contribute their thoughts btw. + +Edit stealing u/WizziesFirstRule question: [What's your reasoning for not having a joint account with pooled money?](https://www.reddit.com/r/AusFinance/comments/wjngdk/how_many_of_you_have_joint_finances/ijiut0b?utm_medium=android_app&utm_source=share&context=3) +For example something like this, at the cap rate and price they are asking im assuming it makes about $95k a year, the interest and principle would eat up almost all your profits. + +&#x200B; + +Triple nets like this are priced for all cash buyers I assume, am I thinking of this correctly? I find the idea of NNN great, obviously the credit worthiness of the tenant is the biggest issue but wantedto hear what others think of owning NNN leases. Thanks + +&#x200B; + +[https://www.loopnet.com/Listing/83-Steubenville-Pike-Burgettstown-PA/12924153/](https://www.loopnet.com/Listing/83-Steubenville-Pike-Burgettstown-PA/12924153/) + + +[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!* +With the rise of MMOCs, online learning, and golden era for autodidacts, the future of higher education is a bit murky. Traditional fatFIRE paths like medicine/law/finance will always require significant investment in education and there's nothing on the horizon that will change that and even more so for paths that require strong technical knowledge. For software (dev/data science/PM), a top degree can boost your chances at FAANG but it's less of a requirement than in years past. We're seeing people in sales, real estate, entrepreneurship, and/or tech get by without it. The network gained IRL is a huge advantage that is hard to emulate virtually. + +Like many others, my goal is to invest in my children's education right from the time they're born to maximize that growth. I've maxed it for the first year and hope to do for the first 5 to get to that ideal amount. + +Recently I'm starting to hesitate on how much is needed towards a formal higher education depending on which path they take. I'm aware 529 funds can be shared within the family for education but it would be a waste if not fully utilized. + +What are your thoughts? +Just wanted to flag my thoughts on Nest for who are considering pension options, or are placed with Nest but haven't given it too much thought. + +TLDR: + +\- Nest doesn't provide a diversified 100% global equity option- Nest makes the transfer process very complicated- Charging 1.8% of all contributions is rather expensive + +&#x200B; + +My partner's workplace signed her up for NEST Pensions. + +Little did we initially know that the original fund is a diversified fund, in terms of asset classes. Hence, it has a non-immaterial fixed income proportion, typically for people in their 20's. Shockingly, the equity proportion is less than 50%... Nest calls this the Foundation Phase, where they aim to avoid sharp drops and aim to increase the value of your pension merely alongside inflation. In other words, you're missing out on compounding in the most valuable years of your savings. She lost out on substantial returns over the last 3-4 years as a result. + +After 5 years in the Foundation Phase, you're transferred over to the Growth Phase. You'd think the growth phase would come with a swap to a 100% global equity approach? Nope.. The standard Growth Fund is still made up of 25% fixed income, as well as some bits and pieces in other asset classes, such as commodities (!) and listed property. + +You'd think they would allow you to easily monitor the performance of their actively managed platform fund? Perhaps against standard equity benchmarks, such as the MSCI World Index? Wrong again, their benchmark is merely CPI +3%.... Not particularly hard to beat... + +In fact, the 5 year annualized returns of their Growth fund at 9.8% (Mar'21) is substantially lagging the MSCI World Index at 14% (as of Apr'21). + +You could always swap to their Higher Risk fund. 100% equity right? Wrong again. 29% is in other assets, including about 20% in fixed income. Hence, returns are again lagging with 5Y annualized (Mar'21) at 11.5%, below the MSCI WI at 14% (Apr'21). + +The only option to go long 100% equity is with their Sharia fund. However, this fund is rather concentrated, with 25% of total in Apple, Google, Facebook and Microsoft. And there's very little available information as to their selection process. Perhaps not what you'd like after a decade of growth outperformance and ongoing market push towards value shares? + +Additionally, a charge of 1.8% of all contributions appears rather expensive. + +My partner eventually wanted to transfer her balance to her new job's pension fund provider, Scottish Widows. Unfortunately, this has proven to be extremely difficult. Nest's transfer out process is a mess. We had to argue with them to have them accept copies rather than a physical copy of the passport as ID. They also require very specific documents stamped by persons of certain authority. Once these have been provided, they have merely ignored the documents and sent letters requesting the exact same documents yet again, with no explanation of why the docs weren't approved. We later heard that it in fact took them more than a week to realize that the docs had arrived, and they hadn't verified them .. + +Trying to call to talk to a person isn't easy either, their line does not provide an option to discuss a transfer out of Nest. So when you hold the line and eventually manage to talk to a person, they have on occasions told us that we're on the wrong sub-line, and they would transfer us onto the correct line. Just for us to be transferred back to the original place, stuck at the back of the queue again, in a loop.. + +Now, if you don't want 100% equities in your pension, then this might be appropriate for you. However, the lack of the optionality of a 100% equity fund, with the exception of a highly concentrated and vaguely defined fund, is rather disappointing. It would cost them very little to provide a standard, simple Global Equity Index fund. + +Nest funds breakdown:[https://www.nestpensions.org.uk/schemeweb/nest/aboutnest/investment-approach/other-fund-choices/fund-factsheets.html](https://www.nestpensions.org.uk/schemeweb/nest/aboutnest/investment-approach/other-fund-choices/fund-factsheets.html) +I've read a lot of posts on here about people taking what I would consider to be insane privacy measures, whether it be using a PO Box, purchasing a home in the name of an LLC as to shield your name from public view, etc. But what about most of the billionaires out there? Take Mark Cuban or Ken Griffin or Jeff Bezos... their names, faces, addresses, and pictures of their homes are all over the Internet for anyone to see... how are they getting by, but people on here feel the need to go to such extreme caution? +This sub gets lots of posts that are not directly related to FIRE and more just about being rich. Technically those posts arenā€™t what this sub is all about. But those posts are popular, helpful and interesting do this demographic. + +So why not make it official that this sub is about being rich with an emphasis on FIRE, not exclusively FIRE? + +Iā€™m seeing too many people getting their panties in a bunch because someone asked about the best widget money can buy. This is a great place for those types of conversations. + +Edit: to clarify, I like the lifestyle posts. I made this post to suggest we change the description of the sub so people stop complaining that a lifestyle post isnā€™t about FIRE. +For those of you who may be new to the whole crypto thing, Solana was all the rage last year. People and VCs were incredibly high on this chain like it was the next best thing since sliced bread. Well surprise surprise. Not only did Solana turn out to be INCREDIBLY centralized, the team lied about their circulating supply twice and were caught committing fraud. That's a big yikes from me. + + I have literally sold all my SOL, I've bought a bag of MATIC and I'm never going back. It's more decentralized (SOL has proven to be extremely centralized), The team can actually be trusted and it's just an overall better chain IN MY OPINION. I know a lot of you apes are pretty much gambling and will invest into anything even if it's a shitcoin. That's not me though and that shouldn't be you either. + +This chain CANNOT compete with the likes of Ethereum and L2s like Polygon. Especially when Solana is a project that has literally lied to you and disrespected you straight to your face. A real shame that people will still invest in this because y'all have no self respect lmao. + +Anyway I went off on a bit of a rant but the point of my post is this. Do your own research, do consistent research and tune out all the noise you're going to be hearing. Forget about marketing and hype. You will avoid most of this game's pitfalls by doing your own research. The most important skill you're ever going to use is tuning out noise and research. +Hi everyone, + +I had sent $12,000 ($12,050 to cover wire transfer fees) to Kraken on December 27th and they've still not credited my account with the funds. I have emailed them around 25 times, and I have not gotten a single reply other than the automated email once you submit a support ticket. I'm quite worried about my funds and it seems like the best way to get some support from them is by making a reddit post. I'd really appreciate if you can upvote this post so someone from their team can reach out to me. I've also PM'd them on reddit but have not gotten a reply from them unfortunately. My support ticket number is: #XXXXXX. Thank you all! + +**UPDATE**: Someone from their team reached out to me and told me that they've received my wire and they'll deposit the funds shortly. Thank you so much for helping me get visibility on this issue. You guys are the best :) +Just saw this scary bit of news. First American had a site design flaw that exposed sensitive personal info including bank account and SS numbers to anyone with no authorization required. First American handles title insurance which is often required for any home purchase and often includes a lot of confidential info for both buyer and seller. + +[https://krebsonsecurity.com/2019/05/first-american-financial-corp-leaked-hundreds-of-millions-of-title-insurance-records/](https://krebsonsecurity.com/2019/05/first-american-financial-corp-leaked-hundreds-of-millions-of-title-insurance-records/) + + +Edit: spelling +Hello my dear FatFIRE crowd. I believe this is my first post here, although I've been following the community for a long time. I believe I share many of your values and priorities, but sometimes I feel behind in terms of income and NW (although when adjusted for Purchase Power Parity, I think I could more or less belong to 'the club'). The last two years have been great for me. I own my business, but as usual in IT Consulting/Development I have most of my income concentrated in 1-2 clients. I made around 200k/yr net and I have managed to put aside 2/3rd's of it (living in Eastern Europe makes it easier). + +Unfortunately, this year I am feeling pessimist. And it's not just about the market behaviour over the past couple of weeks. I also fear my main client will cut down hours or possibly even not renew our contract. I know what I have to do, but I have the 'feeling' that this will be a bad year. + +I experienced a severe decrease in revenue 5 years ago and I survived it, although it wasn't fun. I wasn't ready that time. This time I'm ready financially, but not psychologically. + +For those of you who have made it, or are ahead of me along the way... have you had good and bad years, followed by more good ones? I have the feeling everyone is living an ever-upward trend when it comes to income and I envy that, but I can't (yet) guarantee that in my line of work. Is it 'normal' to have a couple of bad years in which you may end up with a lower NW, and (hopefully) resume its growth later on? + +For those lucky enough to have always kept an upward trend, how did you do it? Any comments about it? + +I realize that a slow but constant upward trend tends to make us humans happier than a rollercoaster, even if the rollercoaster happens to leave you with more money in the end. I crave a stability which I don't have, and my savings are what allow me to deal with the anxiety, but oh boy does it feel shitty to have to tap them. + +Thanks everyone for your input. I value you all very much! + + +edit: grammar +There have been some posts in the past about the comparison between using a car-sharing service like GoGet vs car ownership. I have been a GoGet member for a long time but only this year have I actually tracked my expenses, and since this year has been characterised by high costs for 2nd hand car purchase & fuel costs I thought this might be useful info. I would welcome other views and experiences. + +&#x200B; + +**Some notes:** + +* I'm Sydney based, mid 30's, and don't have kids +* For the first 7 months of the year I was living very close to the CBD with my closest car 30 seconds away from my front door, and for the rest of the year I was in the inner west with my closest car a 5 minute walk away. It is not for commuting to work, this would always be walking or public transport +* I would use GoGet for visiting friends/family, transporting my dog places, trips out of Sydney, transporting furniture, moving house, or to go to things like my vet, dog groomer, GP, or other things located outside my immediate area. +* I would most commonly use a small car (e.g Yaris) but have also used sedans, RAV4s & vans. +* I have the cheapest annual membership (GoStarter) +* I try my best not to look at what I'm paying on a per use basis and instead just think about what I'm saving by not owning a car. So I don't sweat about booking a GoGet for a few hours for a small thing. +* In 2022 GoGet changed the km allowance on a day booking from 150km to 125km + +&#x200B; + +**So what did it cost?** + +In total I paid $1994.79 over the course of 2022 (including tolls). + +EDIT: Also includes petrol - for those who don't know, with GoGet you don't pay for petrol. + +**Was it worth it?** + +For me - totally. There have been times where I have wavered and thought it would be great to have my own car but when I look at the financials for my situation it just does not stack up, and that's even before considering petrol costs. I live close to transport hubs and work full time with a mix of home and city work, so the car would be garaged 5-6 days a week. My only dependent is a dog so she doesn't need to get ferried to footy or ballet lessons... If my home life was different or I lived in a more suburban area I could totally see owning a car being a necessity but without those things? Absolutely not. + +I also love the flexibility of being able to book different vehicle types depending on what I need, and I have to say that the GoGet customer service has been pretty fantastic any time I have needed something. + +&#x200B; + +So yes - GoGet is a win in my book for people in a similar situation to me in built up areas. +Hello, + +Sorry for the long post, but hope someone can help me with this issue. + +I have been investing for some 10 years now, mostly using "value" strategies, athough I've only been serious for the last 2 years since I started looking into accounting, annual reports and a company's way of making money. Anyway, I have always bought a stock because I believed in the company and I plan on doing this in the future. + +However for the last few weeks I am having lots of questions (doubts maybe?) about this method, I guess my brain is playing tricks with me or the current status of the market is making me consider what I've learned so far. + +Basically, the way one can make money (except dividends) when buying stock of a company is waiting for that stock to go up in price. In order for the stock to go up in price, we expect other investors "the market"Ā to believe in the same company and buy stock as well. We call this "the market is telling us we were right". But the issue is, we depend on other people's "good reasoning" to actually make money with the stock. + +So let's assume the situation, we find an undervalued company with great earnings, great EPS, great fundamentals, we buy the stock, but just because we own the stock (and except for dividends) we are not making any money, this is unless the company is being sold of course, but we really need other investors, very likely value investors as well, to realize this company has potential and buy more stock. What happens if "the market" never pays attention to this company for whatever reason? We own stock of a great company, but that's just useless, because we are not seeing any gains from our stock. + +Am I missing anything?Ā  + +Now imagine the majority of the investors are seeing more potential on other companies with different profiles like startups with great ideas, even if these companies are losing money, let's just say "the market is crazy" and people keep buying Tesla, NIO, Zoom, whatever, etc...what good is our stock in this situation if nobody else wants it? + +I guess the fact that we, as value investors, depend on other people to see what we see and have a good understanding of the fundamentals, is what is driving me crazy because this may never happen. When I discuss investing opportunities with my fellow investors they only want to hear about Beyond Meat, Spotify, Upwork and such and couldn't care less about the fundamentals...and this is working well for them, and I'd say they are doing better than me. + +I asked this question to other investors, and they told me "this investing method is what has been proven to work best for the last 100 years". Well, maybe, but things can change, I mean, we just saw how something that always has worked can change overnight (the shorts situation with GME). And as a value investor I keep hearing "Past performance is no guarantee of future results" anyway so why do I care what has worked for the last 100 years?. Is it possible that, for whatever reason, people will never again buy stock with good fundamentals and will only be interested in the startups? + +Why would someone want to own stock from an undervalued company with great fundamentals and make no money instead of owning stock of a company that's losing money but making them rich? + +Can the market be in bubble mode forever? + +Help please!! +I have a portfolio at the time consisting in anywhere between 7-10 individual stocks. I used to have more stocks. I like it now and its easier to keep track of my holdings. The stocks are spread across different areas such as healthcare, c def, tech, energy, com svs etc. Mix between value and growth. + +I just wondered if anybody has any thoughts about concentrating ones portfolio vs a more broad diversification approach? +As the title says, I noticed that Nano Dimensions has a market cap just below under $1bn, while it has almost $1.4bn in cash on the balance sheet and no debt except for the 3million leases which are definitely insignificant. + +It is tough for me to predict the success of the upcoming products as I have limited knowledge in the 3D printing area. The revenue is a few million a year at the moment, so we can completely ignore that and think of NNDM as a company that only does R&D at this stage and spends around 60m/year. + +They're expected to increase their R&D, so higher losses are expected. In any case, this excess of cash of 400m over the market cap could support the company for at least 4-5 years. + +Needless to say, when a company has so much cash on the balance sheet and some big-name investors, there will be pressure to put it to good use, so I expect acquisitions coming up soon. + +What are your thoughts? +Interested to hear your thoughts on optimizing your portfolios, and grateful for recommendations for learning about this in detail and for the best available tools to aid with Portfolio Optimization. +Please forgive my account age and my lack of karma. I only ever read posts on here and I lost my main account a little while back. + +Iā€™ve been doing some reading and I think I understand the general principles and theory of investing. What I am having trouble with is finding stocks that are buyable at a bargain price. I feel like every stock has too much debt, or is a great company but is priced far higher than it should be. I try to use stock screeners (I know, screeners arenā€™t enough to find good companies) but my criteria which are usually a price to book of less than 1.5, P/E of less than 15, debt to equity less than 2, dividend yield of 2-8%, etc. tend to yield no results. Am I doing something wrong? + +My one theory is that companies tend not to offer a dividend, but I would be sad to hear that I have to find companies without them. + +Iā€™d appreciate some pointers for a beginner on how to find a good undervalued company. Thanks for your time. +A 7/26 report from Horst Schneider of BoA had an EUR price target of 15.00 vs. 12.85 price and a 2022 dividend of 1.49 (11.6% yield). Forecast earnings are 5.79, 5.06, and 3.92 for 2022-2024, so the P/E is between 2 and 3. + +A May 5 Morningstar report estimated the fair value of STLA to be $35 vs. a $13.42 price on 5/5. + +A July 23 CFRA report has a price target of $21 vs. last close of $13.08. + +TipRanks says + +>Based on **15** Wall Street analysts offering 12 month price targets for **Stellantis** in the last 3 months. The average price target is **$21.77** with a high forecast of **$34.68** and a low forecast of **$15.81**. The average price target represents a **66.44%** change from the last price of **$13.08**. + +In previous threads I skimmed the main argument against STLA was that it had poor brands. + +I think I will buy some today since there is a catalyst in the coming earnings report according to BoA, quoted below. + +&#x200B; + +>**Expecting c20% surprise on adj. EBIT for H1** +> +>Stellantis (STLA) is due to report its H1 results on 28 July. We think the de-rating of the +> +>Euro vs USD led to very positive translation effect, which pulled up the absolute level of +> +>sales and earnings coming from North America. Furthermore, we think STLA continued +> +>to benefit from a strong price/mix effect in the US but also in some other regions. For +> +>example, avg. transaction prices in the US increased by c18% y-o-y in H1 22 (Source: +> +>TrueCar). Against that trend, Stellantis had to digest rising raw material costs (c2.5% of +> +>sales, =cā‚¬2bn of cost burden), but CFO Richard Palmer stated in the Q1 analyst call also +> +>that this can be more than offset by higher prices. If the strong pricing from Q1 (ā‚¬2.6bn +> +>= c7% of sales) was repeating in Q2, Stellantis could significantly surprise consensus on +> +>the upside and maybe even our forecast is in that case still conservative. Our revenue +> +>forecast (ā‚¬83bn) is c5% and our adj. EBIT forecast (cā‚¬11.6bn) c17% ahead of cons for +> +>H1 22, equating to an adj. EBIT margin of 13.2% for the group (Cons 11.9%; for +> +>reference: H2 21 12.2%; H 21 11.4%). Uncertainty is a bit higher on ind. FCF, where +> +>working capital changes are hard to forecast (H122 BofAe: ā‚¬5.4bn, Cons ā‚¬5.2bn). +> +>**EBIT guidance to remain unchanged; peak concerns intact** +> +>The results surprise in H122 should pull up consensus, but we do not think that there is +> +>any need for STLA to increase its FY guidance. Keep in mind the company guides +> +>vaguely for a double-digit adj. EBIT margin and a positive industrial FCF in FY22. We +> +>think uncertainties on the macro side are just too high, having also the potential gas +> +>shortage in Europe in mind. The only thing we can imagine is that the company specifies +> +>its FCF target, if the comfort from H1 is big enough. Anyhow, while this sounds all not +> +>too bad, we think the peak concerns remain very much intact, preventing any re-rating. +> +>**Reiterate Neutral but raise PO from ā‚¬14.5 to ā‚¬15** +> +>Our high H1 22 forecast also pulls up our forecast for FY22/23 (see Exhibit 2). But for +> +>FY24 we lower our estimates, reflecting that our concerns about a cyclical downturn may +> +>have just been postponed a bit. Since we still value STLA on a 2023-25E SOTP, the +> +>increase in our estimates for FY22/23 lead just to a marginal PO increase from ā‚¬14.5 to +> +>ā‚¬15. We have a positive view on H1 results, but this short-term positive catalyst is in +> +>balance with the mid-term risk of an earnings decline. We reiterate our Neutral rating. +Hi All, I am new to investing world, could you please share any template I can use to find intrinsic value of a stock based on discounted cash flow, growth, profit margin etc. +In 2019, we ended up locking in a contract for a house for $350,000 with a 30k down payment. Rates were stupid low (we got locked in at 2.4) and we have a great set-up in a new home with a warranty (new construction). + +We love our house, and it's a really nice home (with the exception of the back yard in my opinion, but that can be fixed), we've made it ours and I am against moving again. But, I can't help but wonder what my options are at the moment, if any. + +Right now, our house has nearly doubled in value since 2019. It's absolutely nuts and something I never expected. My parents house didn't even gain value like that, and is now valued less than ours. I don't know what to think other than how crazy it is. Zillow, among others, shows the area's average is $500k, and our house, specifically, is $625,000, with roughly the same report coming from the bank we're using to pay on the mortgage. The area around us is expanding RAPIDLY and it's in the relatively affluent side of town. We've had 3 new neighborhoods, a Costco, and 2 new shopping/town centers opened up in the past 3 years, all within minutes of our location. We got lucky, I think. And I still think it's nuts how much the area is expanding. + +But with our house being fucking DOUBLE what we paid for it in just 3 years, should we look at selling and investing the money elsewhere? How does that kind of money get disbursed when selling? What kind of investment would that money be best suited for? Should I even invest it if I do sell? What kind of housing market would I be going into? Or is it just stupid to consider selling and should I just put that bit of anxiety out of my mind? + +*Quick edit: +Most are already saying to stick with what I have and don't over think it. I appreciate the advice and thoughts on this! For now, I'm gonna agree, but I'll still listen if anyone has any extra advice on the situation, or just buying/selling the house in general since it is related, and it may help in the future. + +*Thanks for all the info everyone! It's good to hear the options I have and suggestions for maximizing what I have now. At the very least, I know now to call the bank and ask for the removal of PMI. General consensus seems to be to look into an HELOC, or cash out refinance. I'll start to do my research on both (any continued advice is welcome!) +I bought 7 shares of FFIC @ $14.58 ($102.06). +I bought 7 shares of FFIC @ $14.50 ($101.50). +The total cost basis was $203.56 for 14 shares. + +The stock price has risen to $16.08. This brings my market value to $225.12. +I am deciding to sell, for a net profit of $21.56 (+10.59%), while collecting a $2.94 dividend, which technically makes this a +12% return. $24.59 total profit. + +I plan on taking $20 to Worthy Bonds, which is where I'm saving money for tuition, which will guarantee me a 5% return. +With the remaining $204.50, I will most likely hold it until the next market dip and buy into T, KO, STAG, or STOR. Some long-term holding. Or, possibly, try to capture another dividend. + +The reason I share this is to ask... Should I try to do this again? I feel like in the current recovering market, playing this strategy on financials or energy stocks could be worth it. Potentially any other sector as well, these are just the two sectors I'm looking at currently. +* Friday, November 18 XRT goes off threshold. +* At the time there is around 400k GME shares available to short on IBKR +* Tuesday, November 22, just two trading days later, 2 Million GME shares are available to short on IBKR, and increase of 1.6 Million shares. + +You can check all of this yourself on the via the following websites: + +https://www.nyse.com/regulation/threshold-securities +https://iborrowdesk.com/report/GME + +p.s. This is only data for borrowable shares on IBKR. Who knows how many shares showed up in other borrowing pools. + +Hello follow apes šŸ¦ 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. šŸš€ + + +&#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 ā€œgamma squeezeā€ 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 [**šŸ’Ž**](https://emojipedia.org/gem-stone/) and would never sell at a low price. Remember the upside is limitless šŸš€ +I apologize in advance for mistakes as english isn't my first language. + + +# +I'm not that new to it either. Ive been here since ripple was at .005. Ive made great gains, I cashed out 20 x my original investment, and now I'm playing with all house money. However, just when I think I know whats going on, I don't. + +One thing I understand. + +- market dips after bad news. + +I get it. People get serious FUD , and as patient as I like to think I am, I fall victim to it sometimes as well. + +What I don't understand is why the market fluctuates so much , and takes dips when there is nothing but good news being spread. + +- Reputable companies popping up everywhere adopting crypto + +- all good news about ripple + +- Japan and Australia embracing crypto. + +- Yahoo adding crypto market watch + +- people popping up everywhere wanting to get in. + +- its now easier than ever to buy crypto with fiat. + +The market dips with this news. I get the whole whale theory wanting to sell off for quick profits and buy back low after causing a dip. + +I see subreddits super happy about a new release. Take Bread Wallet as an example. They released a beta to buy BTC and Bread with a CC through their partner simplex, all bread owners were super happy about this, what happens...the price takes a dip, and I didnt are any sell walls up. Volume was lower than ever. + +IBM to introduce steller to banks +Result: price dips but overall market went up. + +LTC introduces LitePay. Its a great feature +Result : price creeps up normaly along with the rest of the market. No sign of great interest about this other than the social media. + + +WHY???? Shouldn't the price at least pump up a little bit after this news? Even if its just a pump over hype? Or is there really that much manipulation that its gonna take a massive influx of people to overpower it? + +Also, it seems,like every morning the MCAP is on a decline, and every afternoon the MCAP climbs 50billion or so only to start dipping back another 50 billion during graveyard hrs. + +WHY??? What am I missing here? Stocks don't act like this. Whenever some great news comes out. Este Lauder buying a big make up brand... The price shoots up. Almost every time! Even if its just temporary for a week or so. + +Enlighten me. +The past few years have been very good to Stephen Schwarzman, the chairman and C.E.O. of the Blackstone Group, the giant private-equity firm. His industry, which relies on borrowed money, has benefitted from low interest rates, and the stock-market boom has given his firm great opportunities to cash out investments. + +Schwarzman is now worth more than 10 billion dollars + +You wouldnā€™t think heā€™d have much to complain about. But, to hear him tell it, heā€™s beset by a meddlesome, tax-happy government and a whiny envious populace. + +* The billionaire said that Americans *ā€œalways like to blame somebody other than themselves for a failure.ā€* + +* He recently grumbled that the U.S. middle class has taken to blaming wealthy people for its problems and said that it might be good to raise income taxes on the poor so they had skin in the game. + +* He said that proposals to repeal the carried-interest tax loophole from which he personally benefits were akin to the German Nazi invasion of Poland. + +http://www.newyorker.com/magazine/2014/07/07/moaning-moguls +I know this is a dumb question but I just need to know how this works. I own my place in a villa complex and got assaulted again by the ice junky directly across from me as I got home from work and itā€™s no longer safe for me to be in my own home so I want to sell and move somewhere else because I canā€™t take this anymore. + +My question is, how does this work financially? I bought the place just over a year ago and owe approximately $330k on a $350k fixed rate loan with 2 years remaining. If I sold my place at market value for $450k do I have that money to spend on a new place and keep my current fixed rate loan or do I have to pay off the current loan and reapply for a new loan before I can buy again? I canā€™t live in this complex anymore I need to get out ASAP. Iā€™ve got $30k in savings and Iā€™ve probably got no equity. + +Iā€™m a single long term casual income so I got my loan when I was working a lot more and my borrowing power was higher than it would be now. Times are tough but I can still comfortably pay my mortgage but a new application would definitely see a decrease in what I can borrow. + + +[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!* +Itā€™s really hard to find concrete information about maternity pay before the job offer stage, just lots of woolly ā€˜we are very competitiveā€™ stuff. + +My company offers six monthsā€™ full maternity pay, plus three monthsā€™ more to be paid after the mother returns for three months (so nine monthsā€™ full pay in total if they return after 9-12 months), and mothers are allowed to be off for a year. They have to have been employed for two years before being fifteen weeksā€™ pregnant to qualify. + +Is this about average? + +Edit: FinTech sector, salary in the 50-70k bracket + +Edit 2: thanks for the financial reality check, everyone! Seems Iā€™m onto a pretty good deal and my friendā€™s full year off on full pay after ten weeks is extremely uncommon. +My fiance and I make about $125,000 (I make $25,000 part time and she makes $100,000 self-employed). We owe $130,000 with a 3.5%, 20 year mortgage loan. No other debt and we have a solid emergency fund. + +We've been putting an extra $1-2k a month toward additional principle payments, but many here have said that we'd get a better return if we invested. According to the flow chart it also states that we should have a retirement account set up before making additional house payments. + +Using an amortization calculator and an investment calculator I've found that putting $1,500 a month toward principle each month would pay off our house in 5 years (knocking 12 years off) and save us $35,000 in interest. If we invested the same amount over the same period and received a 10% return we'd see $26,000 in growth. + +Judging by these numbers, wouldn't it be better to pay off the house and then start investing? Or am I missing something? + +EDIT: I realized what I missed - comparing savings over 20 years by paying it off early to growth over 5 years. After calculating savings over 5 plus investing over the remaining 15 to just investing over 20 I've found that investing is indeed the way to go. Thank you everybody! + +EDIT 2: To everybody mocking me for making less money than her- we are OnlyFans creators. The income goes directly to her but we do it together. This is also why we saw such a substantial increase in her income so quickly and why I've switched to part time. + +EDIT 3: Holy s*** after reading so many more comments I'm even more torn than I was before šŸ˜… +Long story short: I was working remotely for the company I am at and supporting a 2nd location. I was recently offered a higher position at the 2nd location with the exception I work on premise. So I will be relocating to a different state. + + +I am 6 months in on a 12 month lease. I contacted my rental company and asked about early lease termination. Below are what they stated: Note- currently paying $2100 a month for rent. + +* Requires a 2 month notice (I would still have to pay rent for the 2 months so, $4200). + +* Early termination fee which is 2 month rent (another $4200) + +* They had a deal where first month rent was "free" and I would have to pay it back ($2100) + +* and I would lose my initial deposit of $2100 since that charge was to cover potential damages to the apartment, and not really rent. + +* in total, i would be expected to pay $10,500 just to move out. + +Now I am a first time renter, and I really haven't ever dealt with this sort of thing. But is this normal? + +Do I have any options here? I would not even mind paying for the final 2 months.. but all these additional charges are sort of predatory to me. + + +Lastly, what would happen if i were to just give them a 60 notice, pay for the final 2 months and leave? + +Edit: not ignoring questions- I have a meeting with someone from the leasing department tomorrow i'll bring up some of the questions ask/try to negotiate and update. Thank you everyone + +Edit 2: I would add I don't mind paying the entire fee if im SOL... just can't really afford to pay 11k all at once or within 2-3 month time frame. +I think he's been advised to call GameStop a meme stock in every single interview and also to keep reminding people that it's a 2021 thing and that the meme stock mania is over. Just a thing I noticed and it makes me even more sure that we're winning šŸš€ + +Edit: it's "Griffin" of course +Given the avg ror is 10%. I feel like even if I withdraw 7% a year the 250k would grow over 20-40 years. Sure would be some negative years. Balance may read 125k one year. But would it not end up in the green long term? So long as our entire world doesnt crumble. I can live off 15k a year. So thinking of doing this. +On the Friday afternoon of August 13th, 1971, President Nixon staged a live broadcast to temporarily (lol) cease the conversion of United States Dollars into Gold at a fixed rate set by the government. This was mainly due to the fear of countries withdrawing gold from the US Central Banks. + +We will never forget 1971. We will never forget 1987. We will never forget 2001. We will never forget 2008 and most definitely we will never forget 2020. + +You can either trust in politicians or you can trust in math. + +EDIT: The broadcast was on Sunday, August 15th. August 13th is believed to be the day that Nixon and high ranking officers of the white house and treasury met to discuss the suspension + +EDIT 2: Wow, there is a lot of politics in these comments. I hope you guys are at least respectful. Fuck politics, stack sats +Hi everyone. I live in the Atlanta, GA area. I now no that quadruplex's are off market unicorns, but there's gotta be a way to find them. Any suggestions and or partnership opportunities are welcome. Thank you so much. +- I'm so sick and tired of the Dude-Bro entrepreneurship gimmicks, confetti and fluff that I get solicited with on YouTube. "You too can become rich in real estate with no money down, a low credit score, and creative financing . Just do the mailer, the cold-call then the wholesalez!" It's pathetic if you ask me. Most of the people that buy these guru courses are better off stuffing their emergency funds or investing in themselves. + +- I was hoping someone could recommend a list of highly technical books on real estate investing. Textbook recommendations will suffice. +We had a prospective tenant sign a lease with us to move in on Oct 1st. They also paid a $1,500 security deposit. They just texted and said they are backing out. My question is, do we owe them their security deposit back? + +Edit: Just so I can hopefully stop getting the same comment over and over, I am going to return the deposit. That was always my intention. This person was very kind, apologetic, and almost seemed embarrassed. I'm just looking for information because I would like to have the expectation more clearly outlined in my lease. In this scenario, I have more than enough time to find a new tenant. But if it happens again and I have just a couple days until the lease starts, I'd like to be better prepared for what to do. Thank you all for your responses. +So I just recently got a promotion at work, and am now in a position to get serious about saving for a good down payment. I am giving myself around 18 months to put away as much as I possibly can. + +My goal is to buy an investment property in the jersey shore and do summer rentals, and then maybe do a mix of renting/ staying there myself during the off-season. I have a lot of flexibility with work and am currently renting an apartment so I am not tied down by another mortgage. + +So I have a few questions for anyone nice enough to share some advice: + +- how can I use the time I have given myself to save for the down payment to best leverage my position when o am ready to buy? +- when it comes to down payments, what should I be aiming for in terms of % down? Is down payment for an investment property different from a house I would be buying for myself? +- anything I should be considering specifically for a BEACH rental property? +- any other tips, experiences, things I should know, etc.? + +Thanks to anyone who answers! +A token claiming to assist in ethereum governance has been created (EGL token - Ethereum Gas Limit) and around 20% of the hash power of ETH has already signed up for this and are collecting these tokens, which threatens to disrupt the governance process of Ethereum and manipulate gas limit in favour of miners. + +In regular process, the gas limit used on the network is voted on by miners in coordination w/ core devs. The miners can vote on the protocolā€™s gas limit. In regular course, the miners are incentivised to act in the best interests of the protocol and retain this governance. However, with proof of stake merge cutting miners out, they are now acting in selfish interest. + +However, EGL now seeks to bribe miners to tokenize & sell this control to the market instead, ignoring due process. Such a proposal will never pass EIP process, but now due to greedy miners this attempt at power grab is being played out. + +Miners are taking this step because of the upcoming proof of stake merge, that threatens to cut miners out of the picture. Hence, they are attempting to divest their control on the network in this fashion, by selling their governance out in collaboration with some rogue VC funds, and trying to seek rent on the governance process. + +The Ethereum team must make it clear that they donā€™t endorse this EGL project. People buying this in the market are just helping rouge miners cash out and providing liquidity to bad actors. +CNBC ("Why Millennials Aren't Investing") has their opinion, but I think there's more to it than that. Thoughts? + +Also, if you don't have an investment account, why's that? +Myself and my partner are getting ready to buy a house. We fairly comfortably have the deposit and I save around 1k every month. + +I'm planning on buying her an engagement ring soon and I'm not planning to propose for at least three months. I tried to look for a way to hide the purchase, but it will need to go through my bank account at some point and its better that the payment is to a jeweller rather than a suspicious withdrawal. + +My question is, one of my colleagues mentioned they can scrutinise ingoings and outgoings. My girlfriend will be present for all of these meetings and so I don't want some moron going "could you explain this purchase from engagement rings R us?". Is this purchase likely to come up at any point, and if so how can I hide it? +Good Morning Apes! + +It looks like we are gearing up for another test of 225 in the pre-market already moving in for what will be our 5^(th) test in the last 6 days. This is really starting to feel like the new 180. Again todays price action will largely depend on if we can break that ascending resistance and hold or not. Currently the big fear for the SHFs is the gamma ramp sitting above 225 dude to the sideways movement OI at 9/3, 9/10, and 9/17. + +[low\/mid\/high ranges for today](https://preview.redd.it/cue20vx543l71.png?width=1037&format=png&auto=webp&s=a77fca00d9c1546bc780db5d8d7676cf52b19fdb) + +If you want a more in-depth look at this weeks TA [check out the weekly DD](https://www.reddit.com/r/Superstonk/comments/pe5nhp/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +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 + +(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 Hours + +Still not tracking expected price movement. But green on the day I'll take. Moving into tomorrow above max pain with the vast majority of the options chain rolled out to 9/17 we might actually see some movement on a Friday. They keep pushing this out day by day but that means when they do cover they'll have less time to do it. Less time means more volatility and with that ramp in place this strategy seems like a losing one. Thank you all, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/zxc6e6cfc5l71.png?width=780&format=png&auto=webp&s=9e6554f48a381fe8caa0a60da4402e1b9f1250e0 + +Edit 6 1:57 + +Continuing to chop it seems like they are buying on one candle then shorting the next very odd movement + +https://preview.redd.it/ktkcz59up4l71.png?width=1567&format=png&auto=webp&s=b3ab4fdcc09715d343afc7c154f2a9aa78b91f94 + +Edit 5 1:00 + +Sometimes we need to manipulate the markets a bit, throw it the old curveball + +https://preview.redd.it/lliau8vlf4l71.png?width=1557&format=png&auto=webp&s=34e2cd9be7616a546980b79c4bdc88b6d92f0e46 + +Edit 4 12:11 + +Almost returned to neutral, but the volume just hit a million. I expect we will have a difficult time passing 215 without a bit more. + +https://preview.redd.it/sr8lrsh074l71.png?width=1546&format=png&auto=webp&s=cd2144c26dbf44b37ba2645bddf207cf11654875 + +Edit 3 10:58 + +broke down from the ascending channel this will either for a H&S or bounce on the 60EMA/VWAP + +https://preview.redd.it/ocsycp8wt3l71.png?width=1556&format=png&auto=webp&s=f02e4b7c4e3e23dc29af5c8ef8c51eaa82c1d47e + +Edit 2 10:06 + +As bullish of a reversal as we are gonna get on this low volume but it looks good + +https://preview.redd.it/llza5jcfk3l71.png?width=1552&format=png&auto=webp&s=999f4f51a285f0484f93829ef0dc86e8200abb71 + +Edit 1 9:41 + +$5 dollar drop right out of the gate, volume at 190k + +https://preview.redd.it/44pd3qozf3l71.png?width=1555&format=png&auto=webp&s=10f6822824d4594ca090d7fb49e870fbff5f0f20 + +# Pre-Market Analysis + +18k Volume with 15k shares available to borrow. It appears that the 130k shares borrowed from Fidelity yesterday have been returned. We have a nice open gap in premarket to fill up to yesterdays VWAP around 219. If we do I expect we will yet again see an early test of 225. + +[pre-market 1m](https://preview.redd.it/e85g8xv553l71.png?width=1532&format=png&auto=webp&s=600cd9e557665c0dfa1d5b37997319c2dfad91e6) + +**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/) +Edits: + +I posted after tax numbers since Iā€™m not in the US and the tax game is totally different here. Apologies for not having spelled that out upfront and leading too all sorts of confusion. + +1. Median household income here is 45k after tax and retirement contribution. Households at the median income qualify for housing that is heavily subsidized by the government. +2. Yes, my 2 br apartment is 300 sqf, I am sure and aware of this sad reality, guys. Donā€™t make me rethink it please. +3. $1100 is my rent only. I have 1 roomie. Total rent is $2200, which is 10% lower than the median rent here. +4. I donā€™t have 14 drinks when I go out. That was a random number for show. + +ā€”ā€”ā€”ā€”ā€”ā€” + +Hello FIRE community. Recently I crossed the 400K milestone meaning I'm 1/3 way there. This came nearly as a shock when I reflected on my pre-FIRE self: spendy, #YOLO, and all about instant gratification. + +I often see minimalist, frugal type of OPs achieving FIRE within a very small time frame. Or, there are the OPs with IT expertise who score big bucks in the Valley. Both are truly enviable, but both **very different** from the life that I live (ok income, very high COL, desire to maintain a certain lifestyle). **Through the years, I've found that for people like myself, it's important to understand my few CORE NEEDS/WANTS, find creative ways to fit them in my budget, and cheap out 100% on the rest.** To me, it's all about meticulously dollar-cost averaging and being flexible in a sustainable way. + +I want to give back to this community by sharing my experience on how I changed that pattern and caught up - that with a bit of lifestyle adjustment and a decent amount of determination, good habits along with wealth can be accumulated at a decent rate, given permissible market conditions. + +30F; graduated in 2012; no kids; very HCOL. + +Numbers: + +||Income (USD after tax)|NW (USD) | +|:-|:-|:-| +|2012|70k|10k| +|2013|72k|35k| +|2014|74k|76k| +|2015|79k|120k| +|2016|79k|185k| +|2017|81k|250k| +|2018|95k|296k| +|2019|100k|386k| +|2020|111k|402k| + +My NW consists of my brokerage account balances of $185k (ETFs, mutual funds, single stocks for fun; diversified into global markets with a pre-set allocation), retirement accounts of $100k (global ETFs), cash and FX of $17k, and half a property valued at $100k. + +Largest expenses: $1100 rent; $600 food; $400 to parents; $400 on unrequited passions which are now expensive hobbies + +Things that helped me get ahead: + +1. Upbringing in a frugal household. Parents' combined incomes never even came close to mine, but they've always lived below their means which allowed them to save continuously. Absolutely no debt; even the home was bought with cash in full. The upbringing definitely made being frugal a lot more natural to me when I put my mind to it. +2. Merit based scholarships for college which covered tuition. Disliking debt, parents took out retirement savings to help with room and board. I took part time jobs, but spent my summers working meaningful internships which didn't necessarily pay. 0 NW at graduation. +3. Majored in things that were most conducive to employment and kissed my passions goodbye. Hustled self into a decent paying banking job before graduation. Immediate cash flow after graduation. + +Things that worked against me: + +1. Embraced my life as an income earning young adult way too hard. I blew money on stupid nice things because "i am finally standing on my own two feet". +2. Too confident that I'd continue to climb the corporate ladder infinitely. Which directly resulted inn overspending and underinvesting in the early half of my career, missing out on an extended period of the bull run. + + +Lessons: + +In 7 years I went from stupid spendy to aggressively saving. The most important thing that happened was probably a shifted view on spending which dialed down my expenses in a **sustainable way. Here are few things that really helped me:** + +1. **Intentionally be looking for deals:** supermarket sales after 8pm; buy 2 get 1 free tissue boxes; collect and use coupons; shop around before committing to a big purchase, etc. Buy second hand. Fix/do things around the house by myself. Instead of buying new mops I cut old t-shirts and towels to mop the floor with. It may seem small but it does add up. **This is the part where I live significantly below my means.** +2. **Cook simple meals at home** whenever possible. Cooking itself can be relaxing, the food is healthier, and the savings are hard to beat. +3. **Be selective and mindful when eating out**. I pre-game at home when I can, so that when I'm out at clubs I only need to order 4 drinks instead of 14. Take doggie bags home from restaurants. Also this might sound weird, but sometimes I intentionally order dishes such as stews when eating out so that I pack the broth and can toss together a quick meal at home the day after to **dollar-cost average** the meals. +4. **Travel wisely**. I use my mileage and loyalty points, fly red eye when I can handle it, travel off-season to save cost. And I always haggle. +5. Go out and get the stuff I truly want. Rinse. Repeat. + +What are your FIRE hacks? +I really don't know what to do and hope you have suggestions: My family is $3000 in the hole each month with no relief in site. + +A little background. I work full-time making about $48k a year. The cost of our shitty health insurance takes $10K off the top every year. I'm bringing home $2400 net a month. + +My entire income is eaten up by our mortgage ($900), childcare ($1400) and a home improvement loan ($350). +My SO has been unemployed for 15 months. We used our reserve and cashed his retirement fund to make ends meet. This got us through about 9 months. Once that was gone, he decided to open a business for himself. + +On bad months, his business brings in $0. A good month is about $1500. That's still $1500 off from a really tight budget. + +He refuses to get a job or even look. He refuses to look after the children full-time and work at the same time. (And, honestly, I can see why that would be a problem. He does mind our baby 2 days a week; the other child is in preschool.) He also refuses to find part-time work. + +I just don't know what to do or how to get him to understand the financial situation. We are in serious trouble. + +Help. + + + [https://www.theaustralian.com.au/business/property/home-affordability-the-best-in-20-years-hia/news-story/f8a7d720e244a0c643b3bb3763ccbc2f](https://www.theaustralian.com.au/business/property/home-affordability-the-best-in-20-years-hia/news-story/f8a7d720e244a0c643b3bb3763ccbc2f) +It is just under $1000 (I want to say they somehow took $400 from my 401k on purpose just to kick me out since there was nothing going into it, but I know better..) + +I was going to reinvest it into my current 401k but after being confronted with an expense that I cannot currently pay (no, I cannot take a loan out for it and I also don't have enough in savings for it) I am thinking about cashing this check and taking a hit on my taxes. + +My question is... if I cash this check, what do I need to prepare for when tax return season comes? + +I know cashing 401 is a horrible idea, I appreciate your opinion but I am not looking for feedback on my decision making. Just curious about the tax part of it. + +Thank you + + +Edit: Also, can anyone advise on if I am able to simply cash this check? I ask because I had this check setup to be rolled over to my other 401K, they sent it to the other investment company who then sent it to me because I missed something on the rollover paperwork [I don't know what this FIIOC and F/B/O means though](https://i.imgur.com/xYvKGjh.png) + +Edit 2: According to this site: https://financegourmet.com/blog/retirement/difference-between-a-rollover-and-a-transfer/ I can not cash this check which means I don't have to worry about the taxes anymore at this point. + +Thank you everyone for your input and your patience with my questions, have a lovely day +FYI: This is not financial advice. + +However, the purpose of this post is to educate folks on the current macroeconomic trading trends responsible for the functionality and conditions of GameStop's stock. I'm here to inform the masses. + +**In my opinion, it's clear that we are dealing with a supply and demand phenomenon that has never occurred in the market before.** + +The volatility of this stock is not a function of widespread investor sentiment at this point, the current irregularity of the stock's movement is thoroughly a product of large institutional trader manipulation. + +Let's make one thing clear, it has been years since GameStop's stock has traded specifically on the fundamentals of the company. For some time now, $GME has been subject to an onslaught of targeted financial manipulation from large institutional traders (ie. Hedge Funds). + +[GameStop's Volatile Stock \($GME\)](https://preview.redd.it/s5rzpwqp24z81.png?width=1759&format=png&auto=webp&s=d3574fbc7a491e4ff447d903a9e02d3307226798) + +**So the big question to ask, what caused all this volatility in the first place and why is it likely to cause future volatility?** + +Let's explore the main trading tactic used by hedge funds and large institutional traders to game the system in their favour. This trading style has proven incredibility lucrative in past trades for these folks. + +These traders implore a tactic know in the financial world as shorting a stock. + +This basically means, that a trader analyzes the fundamentals of a company or it's stock conditions and postulates a general thesis, that the price of the stock is worth less than it is currently trading at. With their thesis established, they look to make a number of large bets on the decline of the company's value. + +How does a trader make a bet on the decline of the company? You might ask. + +In order to short a stock, these institutional traders are credited access by banks, brokers or market makers to large amounts of borrowed shares. (That's right, borrowed shares). + +**Here's how that trade works with the bank;** + +Trader A believes the value of the company at $10 per share; is too high based on his/her thesis; + +Trader A then goes to the bank and asks to borrow X amount of shares; + +The bank says fine, here is X amount of borrowed shares; + +But, you must sign a legally binding contract to return that exact number of shares at a specified date. + +Trader A signs that future contract and now has access to X amount of shares. + +Trader A then immediately goes into the market, and sells those borrowed shares at $10 per. + +Trader A now has access to brand new liquid capital to move into their already established long positions. (Trader A loves making a deal like this because of all the capital they gain access to just from taking on risk with that futures contract). + +Trader A, however, does not consider it a risk per se, as their thesis states the price of the company's stock is bound to decrease. + +If Trader A's thesis holds correct; at/or before the time of the contract's expiration date. Trader A sees that the value of the company has dropped to $2 per share. + +He/she can then go back out into the market and buy back the same amount of borrowed shares and return them to the loaning institution. + +Netting an $8 profit per borrowed share. + +So, not only does Trader A gain access to extra liquid capital during the time of the contract, (to make additional gains on their long positions) but, at the time of the expiring contract, they net an extensive profit per borrowed share. + +AKA: THE lucrative trading game for large financial institutions. + +**Here's how this trading game went wrong for Hedge Funds:** + +In the summer of 2020, a gentleman by the of name Keith Gill (AKA u/DeepFuckingValue or RoaringKitty on Youtube) began posting content online explaining that GameStop's stock and company value was far lower than was truly warranted. He explored a number of positive aspects of GameStop and provided a thesis of a distinct possibility for a turn-around in the valuation of the stock. Backed by fresh, and ambitious upper management led by star investor Ryan Cohen, the company seemed poised for a rebound. + +Furthermore, Gill explained an interesting phenomenon that he was seeing with the stock surrounding a little known data point called a short interest percentage. All stocks are bound to have some investors short on a stock as it is a viable way to make money in the market (as explained previously). + +However, the interest for Gill came, when he saw a short interest rate of GameStop higher than 100% of the company's float. + +***Meaning, GameStop's stock had more shares issued by loaning institutions than had ever been issued by the company directly.*** + +[Just one example of $GME's high short interest percent](https://preview.redd.it/7ga4tk9xa4z81.png?width=693&format=png&auto=webp&s=7c15528682e8f7e64d2ef55534c7bfcf966852b0) + +This became THE point of discussion and interest for regular investors following Gill's expanding GameStop position throughout the remainder of 2020 and into early 2021. + +How was it possible that there were more shares out on loan than have ever been issued by the company? + +Soon sentiment online began to grow as more retail traders noticed this problem occurring in the market. + +Short interest percent can basically be described as the number of short contracts out on the market yet to be closed; + +*Meaning in order to close that position, those holding the contracts would be force Short Traders to become buyers of the stock.* + +**Now here is the juicy part:** + +Short interest percent represents future buying demand. + +Keith Gill and Co recognized that; so, in order to avoid the stock being run into the ground by hedge funds shorting the stock. Individuals familiar with the situation began buying huge amounts of the stock looking to drive the price up. + +The thesis began very simply, if many investors buy and hold the stock, it would reduce the supply of the stock. Making it (A), more difficult for short traders to locate shares to borrow and sell into the market, and (B), if short traders did short the stock, the price would be more likely to increase instead of decrease, thus disproving the short thesis and ruining their lucrative trading game. + +You see, the short trader wants to see the price of the stock go down from where they bought in at. + +ie. $10 to a decrease of lets say $2: netting them an $8 per share profit. + +But, what happens to those short traders when the contract they made at $10; soon sees the price of that stock jump to $100? + +They go fucking crazy. + +Now those traders are on the hook with a legally binding contract for a negative net of $90 per share. + +Which is exactly what happened in late January of 2021. + +Big Yikes. + +**So, what options to short traders have to drive the price back down below their borrow rate?** + +They only have one option: Borrow and Short more shares. Meaning Borrow and Sell those shares into the market. + +Only a market sell will put downward pressure on the stock. + +And no one else is selling the stock, only buying more. + +Positive sentiment for GameStop's stock only continues to increase as more and more regular retail investors catch wind of this ***once in a life time trade***. + +Thus increasing the stock's buying pressure from new traders and those already looking to increase their position in the stock. + +**For Hedge Funds the issue with this conundrum is, is that the more they short the stock, the more contracts they make to become future buyers of the stock.** + +Thus increasing the future demand of the stock. + +While already dealing with current steady and increasing retail demand for GameStop's stock. + +Price pressure is steady up from market retail sentiment. + +And now, the only downward pressure comes from making future contracts to buy the stock later, but sell it now. + +This is why the stock is so volatile, the short interest of these contract vary widely throughout trading cycles, but upward buying pressure remains relatively constant. + +Future Demand is astronomical though. + +The true short interest percent is unknown. + +But, what is known, is that future demand only continues to increase, with current demand staying consistent. + +**So, this is really an experiment to test the limits of macroeconomic supply and demand theory.** + +What happens when the supply for an asset is so insanely small, but the demand for that same asset is continually growing from multiple angles at an expansive rate? + +The answer is; a stock price with unlimited bounds. + +No one knows the limits of testing supply and demand theory. + +**No Supply + Huge Demand = Unbounded Price Increases** + +**This is why, GameStop investors are so excited about this stock.** + +**And honestly why you should be excited too.** + +What's great about this financial movement, is that anyone with $90 dollars can buy a ticket to the moon. + +These positions between Short Traders and Long Traders will only continue to separate. + +There is no way back for those holding toxic short contracts on GameStop. + +Their only choice is to be the first big trader close their contracts and buy back their borrowed shares. + +Thus only adding more fuel to the upward buying pressure. + +This trade is inevitable, in some ways, it's already happened. + +Frequently Asked Questions: + +*Can't Hedge Funds just extend this game forever by keeping the price suppressed by continuing to short the stock?* + +No, not really, there is this thing called a borrow rate. Banks and market makers lend out shares to traders with a borrow rate attached to the contract. This means short traders are forced to pay premium to the loaning institution to continue to keep those loans out on borrow. This is why banks like this type of trade, because they get interest on the loan of those borrow shares. + +What makes this even better is that, the more retail buys, DRS's, and holds, the less shares are made available to brokers, banks, and market makers to loan out to those looking to short GameStop's stock. + +Supply continues to decrease; borrow rate continues to increase. Making it more difficult to handle the consistent and rising bleeding of funds out of these hedge funds and large traders. + +IE: It's only getting harder to borrow shares folks, every minute of every day. + +*What is a DRS?* + +DRS: Directly Register Your Shares (or something like that). + +You see, when you buy a share through a brokerage firm, the broker will not provide you with an actual share with your name on it. Instead, the broker will provide you with an IOU of that share with your name on it. That way, the actual share remains under the name of the broker, which allows said broker to loan out that share to another trader that's either long or short. + +Superstonk and Co: figured out this shady business practice that brokers engage in months ago, and have been actively engaged in a process called a direct register (DRS). + +This process allows you to register your shares directly with the company via a transfer agent (ComputerShare). This allows true ownership of your shares as you are registered directly with the company you hold stock in. + +Not a broker issued IOU. An actual share with your name on it. + +General investors have only become aware of this transfer process in the last 6 to 7 months and folks have already been able to directly register 35+% of GameStop's Float. + +Indicating a trend towards the thesis that GameStop's float is highly oversold/overloaned. + +Wow. + +By directly registering you shares (for GameStop or any other company), you directly avoid your shady fucking broker loaning out those same shares to some bastard trader looking to bet against the company you are long on. + +In my opinion it is an essential process. But, if you can't do that for whatever reason; Buy and Hold. + +This is not financial advice. + +But it is damn interesting... and never happened before. + +If I was on the fence about this whole thing, I would absolutely own at least one share of GameStop. + +This isn't even about company fundamentals anymore. + +It's simple supply and demand economics. + +Let's try a little experiment and test the limits of this simple theory. + +&#x200B; + +&#x200B; + +Thanks, and Cheers. + +Also Don't Forget. GameStop is about to announce a stock split. + +BUY DRS HOLD GAMESTOP SHARES + +Diamond Fucking Hands. +7.5% inflation? So your USD lost 7.5% of its value? And your solution to this is to...convert your stocks/options into USD? Absolutely brilliant! + +&#x200B; + +Listen here you fucking genius, just today, NVDA jumped 9%, which means if you just invested into that stock you would have beat inflation AND made money. Just invest your entire net worth into a good stock for ONE day and bam, you beat inflation. Life goes back to normal. + +This is not DD, and it's not "financial advice"... + + this is common fucking sense +In the daily yesterday, there was a small discussion about OP's health issues. This lead me to ponder various things that one could consider more important than FIRE. I propose the following list and would love to hear other's thoughts. + +Things more important than FIRE: + +* Health + +I would argue that if you do not at least look after your health, your ability and/or length of time to enjoy the fruits of your labor are decreased or eliminated. + +* Safety + +If you are in an abusive relationship or war-torn country, your savings rate doesnt matter. + +* Family + +This one might cause some disagreement but I do have a fairly strong opinion. I would go into the depest debt if it meant keeping my parents from starving or experiencing hardship (and NOT blowing the money on lottery tickets). I think parents would agree they would spend all sorts of money on their kids. I would also blow all sorts of money on my dog if he needed surgery or something. + + + +These things dont nessicarily directly conflict with the quest for FIRE but I think they should take higher priority. + +What do you think? +Short and serious update here. + +šŸ’Ž**BSC Checker** has completed their audit. You can check the results [HERE](https://t.me/bscChecker/287). + +šŸ’Ž**CertiK** audit has been paid for and they have started their auditing process. You can check it [HERE](https://www.certik.org/projects/superdoge). + +&#x200B; + +Other information that might interest potential hodlers: + +šŸ”¹AMA is planned for next week. A member of Child Enrichment charity will be present. + +šŸ”¹**Transform Group** ([https://transformgroup.com/](https://transformgroup.com/)), a tier 1 public relations firm is managing marketing. + +šŸ”¹Conducted 2 AMAs to provide investors with a layout of its roadmap (you should listen to the team lead speak to get a sense of professionalism and huge works in progress) - [Episode 1](https://youtu.be/5uJeYRDRksc), [Episode 2](https://youtu.be/jqwSI-pCrN0). + +šŸ”¹Planned listings for low tier exchanges (Whitebit, Bitmart), with middle-tiers to follow (Hotbit, Kucoin). + + +\--- +[Website](https://superdoge.io/) | [Chart](https://charts.bogged.finance/?token=0x622A1297057ea233287ce77bdBF2AB4E63609F23) | [BscScan](https://bscscan.com/token/0x622a1297057ea233287ce77bdbf2ab4e63609f23) +[Telegram](https://t.me/SUPERDOGEio) | [Twitter](https://twitter.com/SUPERDOGEio) | [Reddit](https://www.reddit.com/r/superdogeio) | [Discord](https://discord.gg/PXPXvpgqQq) | [Facebook](https://www.facebook.com/SUPERDOGEio) | [Instagram](https://www.instagram.com/superdogeio/) |[Youtube](https://www.youtube.com/channel/UCbqjUtH_o-CbxP3NM7lJSTQ) |[Medium](https://medium.com/@superdogeio) + + +All right everybody let's make this easy. Check [**this**](https://imgur.com/a/5Bhqtk0) out. + +Bingus' chart doing exactly what it was meant to do ! + +**But how is it possible you probably wonder ?** + +Well, after [**Rocky Kanaka**](https://twitter.com/RockyKanaka/status/1383161598378864640) and [**Bbno$**](https://imgur.com/a/5jnDXIG) it is now no less than [**moistcr1tikal**](https://m.twitch.tv/clip/DarlingPatientHamWoofer-fRGkc3oRVxK3olmz) who hops onboard the Bingus express ! + +I have seen complex explanatory posts times and times again to get people interested and engaged with little to no avail, so I wanna go straight to the point in the next line. + +Bingus **price almost 3x in the last 8 hours**. it is getting close to hit a new ATH, and it is a criminally undervalued project with some HUGE NAMES behind it. +**MCap is not even 10M yet, and it has potential to hit a 100M in the next month or so.** + +**ALL THE ELEMENTS** we are looking for in a potential moonshots **ARE HERE**, and more. **Liquidity is locked, dev is fully doxxed with more team members to come down the line, contract is audited, and Bingus is now a legal entity. SAFEST MOONSHOT EVER.** + +Do it, and not only you'll be making money, but you will help the Bingus team help animals through one of their next donations to come. They've made almost 10k$ donation so far, and there's a lot more planned down the line, amongst other ultra exciting things ! + +**Tldr; EASY 10x with HUGE NAMES backing the project and LOW MCap ! YOU SNOOZE YOU LOSE !** + +**Holders:** 3,585 + +**MCap:** 5.7M + +**WEBSITE :** [https://bingus.finance/](https://bingus.finance/) + +**PancakeSwap:** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**Twitter:** [https://twitter.com/BingusToken](https://twitter.com/BingusToken) + +**Telegram:** [https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +**Discord:** [https://discord.com/invite/qKdZdd558F](https://discord.com/invite/qKdZdd558F) + +**Chart:** [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**BSC Scan:** [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**Locked liq (RUGPROOF):** [https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC) + +*DISCLAIMER: I am financially invested in Bingus so DYOR, but do it fast.* +Longtime lurker here; created a separate account for confidentiality reasons. + +**Estate Plan:** My much older dad owns a few businesses and, after he dies, he'll pass just about all of his $1B+ in assets to his wife/my mom (there's no tax on spousal transfers). Unless something changes, I'll be a trustee on the account while my mom is alive, taking some salary, and, after my mom's death and assuming the asset value remains the same, I'll inherit something like half a billion dollars after taxes. Hopefully, not for many many decades. + +**About me right now**: I'm somewhere between 30 and 40 years old, not married but have a boyfriend/girlfriend, have a bachelor's and MBA from super-elite universities, live near a major southern U.S. city, and no required expenses (no rent, car payment, etc.). Occasionally, I help my dad with some business or personal asset stuff. I was gifted a couple small rental properties so I gross about $100,000 per year. I always put away at least $30k of the cash into investment but the rest I use for nice dinners, clothes, travel, etc. My NW is very conservatively $3 million: $1.5 in stocks, $0.5 in cash, and $1 million in the properties. + +**So what am I complaining about?** I'm not doing anything that's generating cashflow and I'd strongly prefer not taking a standard full-time job as I've done in the past. I don't want to move because the whole reason I came here was for family. My area has unusually poor FT career opportunities and I don't have family "connections" because the family business isn't located here. Besides, I don't want to work FT because it monopolizes my time: I prefer having multiple irons in the fire *and*, even if I could sneak off to take a phone call for my dad or my own future business interest, I would feel somewhat unethical doing so. + +**Essentially, I want to find a real estate property to acquire + manage, find a small business to buy, or start a business**. I've failed at high-risk/high-reward tech entrepreneurship multiple times before and I've realized I'd rather be involved in a "boring" business with free cash flow and that I control. + +I'm on board with the current estate plan but it means that I can't funnel off $10 million to buy a commercial property until, realistically, I'm in my 60s or older. And I'd like to have my own little empire. I have to give tons of credit to my parents for any success I have had or will have, but I want to "make it" myself. And I don't want to be sitting around with not enough to do! **What would you do in my situation? I'm thinking of investing and actively managing local real estate since that's big here but, like most asset classes, prices are high relative to potential cash flow.** + +**Edit**: P.S: You might be asking, "Is someone with a little bit of wealth now but a huge inheritance around regular (not FIRE) retirement relevant to fatFIRE?" My answer is that it is because, hypothetically, I *could* "retire" soon and rely on my couple properties & trustee salary while I wait for a large inheritance down the road. So in a sense, I'm already fatFIRE. But I bet there are other Redditors here who want the *freedom* *of retirement* (like not being beholden to showing up at a corporate office you're not in charge of) with the *feeling of usefulness* *and* *income generation* of work (hence why I'm not dedicating my life to save starving African babies... that comes later). In other words, I would imagine there are fatFIRE Redditors who could drink martinis on a beach in Tahiti for the rest of their lives but would rather use their financial freedom to attempt new businesses and active investments... but still don't want to kill themselves at a desk. +Whether it be private school fees for them (I know they can't pay for this one themselves), university fees, cars, deposits for houses, mortgage free houses, weddings, private school fees for grandchildren, paying for your adult children to go on holiday with you etc. + +Also do you think there is a point where helping them too much financially isn't beneficial for them? +Hey apres! I'm happy to report that I've successfully completed my 30 day alcohol rehab and am home and feeling great! + +I was able to check the ticker price a few times a week, but haven't been on the sub or able to read any news. So what did I miss? Give me some of the highlights for the month if June. Any drama, news, best memes, anything! + +It's good to be home and back in with you guys! I missed you all so very much! + +EDIT: I am just blown over with the amount of encouragement, support, and well-wishes from all of you! Thank you to every one of you that stopped by! I am a very proud ape today, and feel so very loved. You guys are the best! +My net income went from ~$3500/month to $13,500/month and thatā€™s without any overtime. Some of this money is from unused stipends which is untaxed and not counted towards income. I make $70/hr hourly so roughly $10,000/month thats taxed. I will be taking home rounghly $53,000 by the end of this contract come the end of April. Iā€™m not counting on this income to last forever, but I want to make smart investments now that will set me up for the future. + I have $26,000 invested in a 403b through Fidelity over the last 3 years at my old job with that Iā€™m still technically employed at. I put in about $2500 into 403b roth this year. Can I still contribute to my 403b by transferring money from my checking? The only way I know how to contribute is through my paycheck and I havenā€™t had one there in 2 months. Iā€™d like to max out my Roth contributions, can I make up the difference through a Roth IRA? I can contribute to a 401k through my agency, but they wonā€™t match (3%) until Iā€™ve worked with them roughly 6 months. There is also a chance I could switch agencies for different contracts so I may never have any employer matching. + My level of financial/investing knowledge is limited, but Iā€™ve always been responsible. I didnā€™t start my career until later in life and Iā€™m trying to play catch up financially. Iā€™m doing my best to learn I just need to know where to start. + As mentioned I just bought a house for 245,000 with 5% down. I have a loan for about $232,000 with a 3.25% interest rate. Part of me really wants to pay off another 15% so I can have the PMI removed (~$40/month), but I realize there may be better places to put my money. + Finally, My fiance (getting married in September) is a teacher and her income is roughly $3,000 per month. She has a pension and a 403b I thought about just having her put most of her check into her retirement funds. +Sorry for the lengthy post and thank you in advance. + +edit: I forgot to mention that portion of my income is stipend money which is untaxed. so If I was to maintain this rate all year it would be $127,000/year. Mind you my rates can fluctuate so I may be making less in 4 months or possibly more depending on the needs. +Iā€™m 14 years old and have a little over $600 on me right now. I donā€™t know what to do with it, Iā€™ve been thinking about what i can do with it to make more money but havenā€™t come up with anything. Please drop some suggestions. I would greatly appreciate it. +Context from four and a half years ago: +https://www.reddit.com/r/fatFIRE/comments/74sriv/major_milestone_today/?ref=share&ref_source=link + +Update: +https://imgur.com/ZJnWGUz + +* Early 40s and we just hit $2.5M about 4.5 years after crossing the $1M threshold. +* My household AGI grew from $218K in 2016 to $338K in the same period. +* Interestingly, the growth has followed a very predictable exponential trajectory (R^2 about 98%). +* A significant chunk of the appreciation comes from home value. Bought the house in 2019 for $1.4M, and Zillow places it at $2.2M now. About $1M left on the mortgage (and is correctly subtracted from net worth). + + +Plan is to FatFIRE in about 6 years. The company I work for was recently acquired and my total gross annual comp (including consideration) is a little over $2.1M/yr for the next 4 years, which of course changes things considerably. +https://ibb.co/hYctNfZ + +Some few facts about ftmo: +- There are not scam +- Fees will be refunded on success +- Withdraw split will be paid + +- Most of you will probably take the challenge multiple times before success. Some even above 10X, so a lot of fees. +- Start with the free Trial and familiarize yourself first. +- Though you receive 100K, you will only put a small margin into use every time. + +My verdict: +Only sign up of you are prepared to pay the fees. +Once you pass, it becomes very easy, go for several accounts. +I honestly think every trading strategy should be built in the present and then backtested. Starting with backtests results in overfitting from my experience. + +If you have a truly objective system with clear entries and exits it's so easy to go years back when your in a trading mood but don't have the setup. Or your waiting on a trade. + +If done right you could literally gain years of experience in a couple of weeks. + +This is not to say if you are algorithmically backtesting or coding a hot that backtesting will be 1:1 I am talking about manual trades and manual backtesting specifically here. +Maybe a nice reminder to not always ask or look into the opinions of other traders. Everyone has a different vision and approach on the markets and to be entangled in their believes could only make your experience worse - so be confident in your trading strategy. The psychological side you need to become a pro trader is extremely hard to acquire, so donā€™t ruin your mental and make it harder for yourself by constantly taking advice from others. Itā€™s like having a never ending war in your head. It could cause confusion and make you doubt your decisions (especially if youā€™re new to trading). + +Iā€™m not saying you shouldnā€™t, but be careful with the amount of information youā€™re extracting from your sources. And I also suggest that you rather learn from the information you use than to implement it and not fully understand it. + +What do you guys think about this? How do you work with trade ideas from your sources without it ruining your strategy? +I currently work 8am-5pm Monday to Friday. I would trade after work obviously. Iā€™m developing my trading plan but canā€™t decide on a timeframe. + + +My trading hours would be 7-9(an hour before for pre market and an hour after for journaling). This would be the Tokyo/Sydney crossover. + + +Iā€™ve been thinking about a scalping strategy on the 30-15 minute timeframe but Iā€™m afraid I wouldnā€™t have enough time to do so. + + +Iā€™ve also thought about trading the 1 hr or 4 hour chart but I donā€™t get how I would do this after work since Iā€™d only go through 1-4 candles!? Iā€™m stuck + +Iā€™m looking for a good timeframe to trade after work hours. Please help! I feel as if this is holding me back. + + +Thanks! +So, i tend to post my trades on tradingview so i can look back on past trades, and many people have commented saying 'you need to wait for confirmation'. I like my trades to have a high risk reward, so i prefer precise entries and would rather take a small hit than enter a trade late. However, ever since i started learning about forex, confirmation is always mentioned. Can someone explain to me physically what confirmation is, like what are you waiting for to happen. Ill tag a screenshot of an example you can refer to. Thanks. + +&#x200B; + +heres the trade example: [https://www.tradingview.com/x/9zgm7LCr/](https://www.tradingview.com/x/9zgm7LCr/) +So recently I saw that an old friend of mine started trading forex. He also has a "service" where people can give him a minimum of 200$ and he will trade with it for them. He is all flashy about it on social media. + +When I asked him about some verified returns he didn't really reply. He also didn't know that you need a license to invest other people's money. I told him all that but he doesn't really seem to care about it. I don't know if he's profitable but I hope so for the people who give him money. + +I also discovered that he is using I Markets Live, which is a total scam. Honestly I don't feel like I want to warn him about it anymore. Maybe he just needs to find out about it for himself as a lesson. + +PSA: Sorry for bad formatting / grammar mistakes. +**I have seen so many traders play with emotions and they get so much sick to trade that they loose all their capital so I am sharing the checklist as per my experience.** +**You not only need money to trade but also need to follow the psychology checklist below.** + +1. **WHY AM I TRADING ??** +2. **I will ACCEPT every small stop loss with PLEASURE** +3. **I will trade only when I get what I want** +4. **This is not 20/20 one day match but a test match** +5. **I will always follow a PROCESS & not run behind profits** +6. **I will focus on the GOLDEN GOOSE & not on the golden eggs** +7. **I will focus only on the INPUT I give & not outcome I get** +8. **I will stay NEUTRAL** +9. **I will only FOLLOW CHARTS** +10. **I will NOT OVERTRADE (maximum 3 trades)** +11. **I have to SAFEGAURD MY CAPITAL** +12. **I am here to take the BEST TRADES only and will not think about money Be STUBBORN** +**with your WINNING TRADES** +13. **Be IMPATIENT with your LOOSING TRADES** +14. **Do NOT HOPE for price to move in your favor** +15. **FOCUS on the CHARTS, not your P&L** +16. **Only take DECISIONS after CANDLE CLOSING** +17. **If you made a mistake, close the trade** +18. **If you broke your rules, close the trade** +19. **CAPITAL PRESERVATION is key** +20. **Always TAKE NOTES from the market** +21. **Have NO REGRETS** +#For those of you revisiting this page that have already used this spreadsheet BEFORE 23:30 UTC on Monday 14 September: + +#I found a critical error today while going through the sheet as a test. + +In the "Savings After All Payments" cell, the (current country) tax was being deducted twice. + +I also added a bunch of major updates like voiding a credit line and currency conversion. Please check it out. + +You can download the [new template](https://docs.google.com/spreadsheets/d/1j9yCnPZIdeESd7p9UKKdvYwP3kh8FEtuc4T8zKrepxI/template/preview) (same link, just updated) and transfer your numbers over. + +Some of the formatting seems off in preview form but it will adjust itself properly once downloaded. + +&#x200B; + +Thanks for all of the love yesterday, I hope this spreadsheet helps you and I apologise again for the error. + +(If you find any other errors, please let me know!) + +Cheers + +&#x200B; + +#If you are new to this spreadsheet, please read the description below before getting started: + +With this spreadsheet you can: + +Estimate the cost of Immigration to another country by using estimated numbers, + +**OR;** + +Keep revisiting and updating numbers for more accuracy. That includes updating any Additional Savings & Expenses, Credit Card Payments, and any Expenses in your New Country that are known to be exact (Rent, Health Insurance, etc.) You can also use this method once you have arrived in your country to keep track of your Income & Expenses. + +&#x200B; + +Features: + +* Currency Conversion +* Personalisation based on current and future countries +* Calculate how long you have with an intro 0% APR credit card promotion + * Calculate savings after monthly payments and minimum payments +* Split savings before and after immigrating +* Calculate expenses and income before and after immigrating +* And more + +Edit: The Things I Forgot To Mention Section (I'll keep adding things here as I remember, so check back from time to time): + +1. The "Major Debits" section is intended to be used if you're putting all expenses related to travel on one credit card. However, you can select if the fee is on the single card or not by entering "yes" or "no" in the panel on the left of Step 1 (CONTINUED). If you enter "no," it's automatically deducted from "Savings After All Payments." + +&#x200B; + +2. Monthly Payments made on the Major Debits credit card is deducted from your original country's expenses section in Step 2 **only after** you enter how many payments you've made. It's like this to accommodate a 0% APR card. If you're curious about your final savings after your card is paid off, just enter "12" in the correct section. It's important to note that this sheet does not calculate any interest owed on your credit card. + +&#x200B; + +3. Minimum Payments made on your card are deducted pre-immigration in Step 1. It will subtract from the Total Expenses whichever percent you're splitting the "Up Front Payment" and the "Total Left On Card" multiplied by the minimum payment. + +So if you have a minimum payment of $30 due each month, and you're splitting your total card balance 75:25 (Up Front:Remaining) when you make a minimum payment, $22.5 is subtracted from the total upfront payment (which is automatically deducted from your "Savings After All Payments." Then, $7.5 is subtracted from the total amount left on your card. This automatically deducts the cost of your minimum payment, $30, from your "Savings After All Payments." + +&#x200B; + +4. Misc. Credit Card Balance: + * This secondary sheet will help you balance any additional credit card expenses you have that are not directly related to immigration, such as existing bills, groceries, streaming services, etc. + * You must enter the Credit or Debit amount and the Card Name (must match card name entered in the "Total" section) + * You can change the card name, just make sure they match! + * You can change the Conditional Formatting so that certain descriptions are highlighted for easier visual grouping. + * This sheet is a running total. That means that even when you pay off all of your debt and it shows "$0.00", all of the debt will still be deducted from your savings. + +This is for pre immigration only. There is a separate Credit Card Balancing Sheet included for post immigration balancing. This sheet **does not** report directly to the main Budget sheet. + +&#x200B; + +5. Initial Start-up Costs Once You Arrive in Your New Country: + +Once you arrive, if you need to pay for a hotel, get new clothes, or any other one off payments, you can: + * Enter "Yes" in the "Initial Startup" column in Step 2. +This deducts directly from the savings you allocated for your new country. + * If you enter "No" then it will be added to your overall expenses for the year once you are settled in your new country. + * IMPORTANT: You **do not** need to calculate the yearly cost of your one off expense. Enter only the total amount you spent. + +&#x200B; + +DISCLAIMER :: I think this goes without saying, but *please* double and triple check all numbers if you can. Moving to another country is a major step and it's important to make sure everything is ironed out. This **does not** qualify as legitimate advice from a financial adviser. + +[Link to Template](https://docs.google.com/spreadsheets/d/1j9yCnPZIdeESd7p9UKKdvYwP3kh8FEtuc4T8zKrepxI/template/preview) +https://www.wsj.com/articles/rishi-sunak-extends-lead-in-race-for-next-u-k-prime-minister-11666607256 + +https://imgur.com/a/1o1WGDO + +https://en.m.wikipedia.org/wiki/Rishi_Sunak + +Sunak worked for Goldman Sachs and later as a partner at the hedge fund firms the Children's Investment Fund Management and Theleme Partners. +It's a double-down from shorty. + +Thanks for reading my DD. + +Don't panic sell when it comes back up. Go take a nap. + +https://preview.redd.it/w4dq5zlee4i91.jpg?width=617&format=pjpg&auto=webp&s=f4c9c0fddd85dd04be539bef6189938d222455c1 +Media sentiment has changed across MSM. That's the oldest trick in the book. We knew they were planning to switch up their articles to maintain trust amongst the public once their owners wave the white flag. Citadel was seen packing their bags. A little birdie says they failed to roll over the futures contracts stuffed with FTDs. Bury is all over Twitter with tits more jacked than u/Rick_of_Spades when he boofs a banana. The ripple effects of the Evergrande implosion are yet to be seen. All the guys in Congress already sold their stock off at the top. What the fuck do you think happens next. This is it. + +Remember. Before you even consider cashing out your millions, remember everything we've seen. Straight up theft conspired by the world's wealthiest against the world's poorest. You deserve to squeeze this for every dollar you can. Be greedy, never settle. + +Edit: +The birdie was grandma šŸ§“. I let her out the cage. +I'm new to dividend stocks this year. I set a goal of getting to $300/year and I've passed that am up to about $400/year....(I see some of the numbers in here and think I'll never get there!!) + +Anyway, do most try to have a mix of monthly paying dividends and quarterly paying dividends? + +Thanks!! +Total Return = Price appreciation + dividends. + +I'm already aware US dividend growth indexes generally underperform total US market indexes but come with slightly less volatility which is nice when you're close to retirement. + +Do the dividend focused investors here on this subreddit want lower overall volatility in the accumulation phase of life? + +Is everyone here aware that dividends are NOT free like interest earned in a no-risk high yield savings account? + +Passive income can come from a security even if it doesn't pay a dividend. Additionally, selling shares when you need cash is more tax efficient than the consistent tax drag dividends cause in taxable accounts. + +It seems obvious to me that if you only focus on dividend payers but ignore other factors that non-dividend payers have, it's a recipe to underperform the overall Market, especially in the accumulation phase of life. + +SCHD has underperformed VTI since inception. See Backtest (with dividends reinvested) in the comment section. + +Just trying to understand the dividend focused investor mindset. + +Any response is appreciated. Thanks. +Good day fellow investors. What are your opinions on these 2 companies ? JNJ has a lower payout ratio but a lower yield as well. While abbv has a higher yield but a much higher payout ratio. However JNJ is also more overvalue as than abbv at the moment. What do you think ? Are there any other good companies that stay on par with these two ? Thanks a lot for the input! +Total Return = Price appreciation + dividends. + +I'm already aware US dividend growth indexes generally underperform total US market indexes but come with slightly less volatility which is nice when you're close to retirement. + +Do the dividend focused investors here on this subreddit want lower overall volatility in the accumulation phase of life? + +Is everyone here aware that dividends are NOT free like interest earned in a no-risk high yield savings account? + +Passive income can come from a security even if it doesn't pay a dividend. Additionally, selling shares when you need cash is more tax efficient than the consistent tax drag dividends cause in taxable accounts. + +It seems obvious to me that if you only focus on dividend payers but ignore other factors that non-dividend payers have, it's a recipe to underperform the overall Market, especially in the accumulation phase of life. + +SCHD has underperformed VTI since inception. See Backtest (with dividends reinvested) in the comment section. + +Just trying to understand the dividend focused investor mindset. + +Any response is appreciated. Thanks. +Thatā€™s how much I received per month in welfare money for myself and my daughter in 1993. +I remember going into a department store (anyone remember Hillā€™s?) at Christmastime and seeing a Barbie house that my four year old daughter would have LOVED! A three story townhouse with lights, an elevator, all the bells and whistles. Guess how much it was? +Yup. $274.00. I wasnā€™t mad that other people could spend the same amount that I was living on per month on a single toy, but I was confused as to HOW they were able to do so. +Everyone I knew was in the same public housing development receiving public assistance. This was before the 1996 welfare reforms, so we didnā€™t have to do anything to get benefits. I had a genuine ā€œahaā€moment in that toy aisle when I realized that I wanted a different narrative. + +That was a long time ago, and I struggled for most of those years, living paycheck to paycheck, relying on credit cards when the money ran out before the next payday came. But today, I spent $430 buying all the gifts on the childrenā€™s wishlist of the family I ā€œadoptedā€ for the holidays. I hope they feel that magic in Christmas morning that all kids deserve to feel. + Why do you feel so uncomfortable when talking to your children about anything related to money or finances? + +Speaking to your children about investments and financial decisions is extremely important and should be one of the most important things to teach your children while they are growing up. Being able to explain your poor financial decisions to your children could prevent them from making those same mistakes in their future. + +Your family should be told if you do not have enough money saved in the event of an emergency. It might be hard to tell your family if you do not have money put aside for something that could financially ruin you, but it is important to explain why that is and how you would go about finding a solution. + +Saving money to be used in the event of an emergency is a very important part of money management. If you donā€™t talk to your children about money management, they will be slower to learn how to spend their money wisely. They may also make the same mistakes you have in the past that could be easily avoided if you discuss those mistakes with them. + +My parents are very open to me and my siblings when it comes to talking about money. They let me know how much money they make per year and donā€™t feel uncomfortable with talking to me about how much our car and house are worth. Due to my parentsā€™ openness about money, I have learned how to save money, and be mindful of how I spend money. + +There are times when it might be better to not talk about money with your family, like when you buy a gift or present for someone, but talking about finances to people you know and trust is a good way to compare how you are saving and spending your money. + +Money should be discussed with your children, and you shouldnā€™t have to feel like your income is a closely held secret. + +Sincerely, + +A college student +Long post ahead. TL;DR: I am watching my older family members age, and it gives me motivation to retire before I am where they are. + +A little background, I'm 25 and newly getting into FIRE, currently at 15% SR (plus 6% 401k match) and aggressively paying off my 25k in student loans and 5k left in car loan. Making 60k/yr with lots of growth opportunity. I haven't set a hard deadline for when I want to FIRE (honestly just too many variables right now) but hopefully by 50 at the latest. I could be doing better but I am very new and need time to get finances in order. + +Anyway, yesterday I was in a room with a huge chunk of my extended family--siblings, cousins, parents, aunts and uncles, grandparents and more. Specifically, my father and grandfathers got me thinking a lot. + +My grandfather (mom's dad) is a retired Marine, who, for a very long time, was in peak physical condition; an absolute killing machine. He exercised more than most, well into his 60s. He's in his early 70s now and only actually retired less than 10 years ago. Due to a number of medical issues since then, he has become very inactive lately and is physically declining. Yesterday I saw him, among other things, struggle to get up off a couch without help. + +My dad's father is in his late 70s, and though I talk to him some, he lives in WA and my Dad talks to him more than I do. Within the last 5 years, he has declined mentally to the point that it is difficult and confusing to have real conversations with him most of the time. Yesterday I heard my dad come back in the room after calling him on Christmas (i would have talked to him as well but i didn't realize he was on the phone with him) and tell us more of the same is going on. He also retired around 65, so he's gotten less than 15 years of coherent retirement. + +My dad is 57. He was a finance exec, so I know he has always made and saved good money, but I don't know when he'll be able to retire. He got remarried 12 years ago and proceeded to have 4 more kids, the youngest of which is 3. He won't be out of the house until my dad is minimum 72, and that doesn't count college. On top of that, my dad lost his job this year when his company sold to a larger company. I believe it came with a decent severance package, because he decided to take the rest of this year off work, and his early retirement has been inspiring to say the least. He and my mom and the kids have travelled all over, my dad is in the best shape of his life (way better shape than I am, even; he looks like he's about 40, it's unreal), and he's been able to stay at home when they're not traveling and actually enjoy everyone's company. In my 25 years, I've never seen my dad so happy. He even told me that he's been able to cut his reflux medicine in half and go back to eating anything he wants. That's how much his stress level dropped. Sadly, he is still aging. His hearing is going and he has back pains at times. He almost fell walking over a pile of wrapping paper yesterday and a 57 year old falling is not like a 10 or even a 25 year old falling. Could have been a major blow. And he will need to go back to work soon. Depending on what he decides to do, at least some of the stress will come back, and he probably has at least 10 years of work ahead of him if I had to guess. + +So I guess my point is, it's important to cherish the time we get with our families and friends and do what we can to stay healthy as long as possible. But at the end of the day, we will age no matter what, and the earlier we can become able to spend time doing what we want instead of working, the better off we are. In fact, if leaving work removes so much stress as to increase our health, we are likely gaining time on the front *and* the back end. + +So happy FIREing, Merry (belated) Christmas, and in the words of my 10 y/o sister yesterday, Happy Boxing Day to all, and to all a good Boxing Night! +Long story short but my mom never got my wisdom teeth removed when I was a teenager. (When it was covered by insurance). Now Iā€™m 22 and my wisdom teeth are impacted, which now means they are not covered by my insurance anymore. + +Does anyone have any similar experiences and figured out what to do next? My mouth is killing me and Iā€™m afraid I could have to go into emergency surgery soon. + +Any help is greatly appreciated! + +Edit: Impacted wisdom teeth removal are a lot more expensive than regular removals. I canā€™t afford a payment plan of $2500+ really in my financial situation. Impacted removals are typically not covered by insurance. +Signals sounds like the perfect system - someone who you believe is an expert, shares the rewards of a skill set which has taken years to master. + +The catch? + +99% will find it harder than actual trading, hereā€™s why. + +Iā€™m also going to exclude the obvious ones like unreliable signal providers and give you some tips on how to actually improve your trading instead of relying on others. + +1. Sitting through losses. Every single trading strategy on the planet goes through losing streaks. If you begin doubting a tested plan during this period, you will fail over the long run. It hard enough to trust a strategy when you understand it and execute on it yourself, but when itā€™s a random signal from someone else - itā€™s going to take A LOT of trust to continue executing on them properly over the long run. + +2. Risk management. Imagine the scene, youā€™ve just come off 3 consecutive winners and youā€™re feeling pumped up. You feel more confident than ever with these signals and so you double the risk. The next trade is a loss and you wipe out all your gains. Sticking to consistent risk is tough for an inexperienced trader, let alone when they are not the one making the trade decisions. + +Ultimately, signals still requires emotional discipline and understanding of how trading works for them to be valuable. In many ways using signals can be harder than trading yourself because you donā€™t understand why you are taking a trade and so itā€™s harder to trust it. + +Hereā€™s what you SHOULD focus on + +1. Learning a SIMPLE strategy, ideally on a higher timeframe to begin with. Higher timeframes will always win and whilst I love scalping, using the higher timeframe will give you the foundation you need and exercise your patience. + +2. Test and get to know your strategy. If you donā€™t do this you wonā€™t have faith in your actions and you wonā€™t trust in the process. + +3. Understand the probability aspect of trading. Youā€™re job is to execute consistently without changing, not to win every trade - that mindset will kill you. + +I hope this helps you make an informed decision! šŸš€šŸ™šŸ¼ +As the title mentions, since I put in a refund request for my cancelled flights 21 days ago Iā€™ve received my third ā€œSorry weā€™re taking a long time to process thisā€ email. I understand their customer service team is probably in crisis mode, but part of me feels like RyanAir are stalling the refund process before declaring administration / bankruptcy. Iā€™m a little worried (I wouldnā€™t be ATOL protected as itā€™s not package) but I do have annual travel insurance +I think there may be a real opportunity for Canadians in the post-SEC deadline of Sept 28 restricting buying and selling pre-pink current stocks for US markets. Especially for pre-pink current stocks with good management in the OTC that don't make the deadline and get delisted. Like, once-in-a-lifetime opportunity? I am in numerous slack and discord groups investing in OTC stocks & there is a real pressure and race going on to cash in on the last surge of pre-pink stocks, and companies like IFXY, KATX, SSOF, KRFG, ZONX, etc are spurring warlike debates as to whether each will make the deadline or be doomed. There is a general consensus that if they don't, they plummet. But there is also insane jealousy of us Canadians because, for example in the case of ZONX, which people feel will not make the deadline, if the known and respected management keeps the shell and gets it listed later, we will be able to buy after the stampede of selling and plummeting of price long before our US friends. So we buy the deep bottom, then when it resists, boom - they could grow back to a place fitting their stage and potential, which could be HUGE for us. How should we use this forum to make a hit list of potential OTC companies that fit good criteria for opportunity? We really should not sleep on this. What should our criteria be? Good management, they keeping the shell, late filings in popular stocks that won't make it but have good interest? What else? Whatr areb your picks. + + +**Q4 Financial Results** (comparison to quarter ended January 31, 2020): + +* **Sales** increased 32.7% to $7.3 million from $5.5 million +* **Gross profit dollars** increased 21.9% to $2.2 million from $1.8 million +* **Net loss** improved to $0.1 million from a loss of $3.0 million +* **Loss per share** of $(0.00) compared to loss per share of $(0.08) +* **Raised $1.0 million** through non-brokered private placement offering +* **Working capital** of $1.0 million from a working capital deficit of $(1.0) million + +&#x200B; + + + +**Year-end Financial Results** (comparison to year ended January 31, 2020) + +* **Sales** increased 25.3% to $30.3 million from $24.1 million +* **Gross profit dollars** increased 33.2% to $8.9 million from $6.7 million +* **Net loss** improved to $0.3 million from loss of $(5.1) million +* **Loss per share** of $(0.01) compared to loss per share of $(0.14) +* **EBIDTA** of $2.8 million compared to $(1.8) million loss +* **Cash flows from operating activities** of $1.2 million compared to loss of $(0.8) million +* **Cash position** strengthened to $1.6 million from $0.2 million +I will be watching these stocks closely for some dip buying: + +DN.TO + +LTE.V + +SHG.V + +NTS.V + +PNG.V + +JNH.V + +PHO.TO + +QYOU.V + +BABY.V + +DXT.TO + +CPH.TO + +CVX.V + +TBIX.V + +HOCL.V (not a penny stock) + +I already have positions in DOC.V, UPI.V, CTS.TO, GDNP.V, HPQ.V, MMED.NE, NUMI.V, SVA.V, NPTH.V, ECOM.V, TBL.TO, and CHR.TO. I've been adding to these for the past 3 months. + +Let me know what you guys think and comment down what's on your watch list! +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add šŸš€šŸš€šŸš€ if you serious +I will be watching these stocks closely for some dip buying: + +DN.TO + +LTE.V + +SHG.V + +NTS.V + +PNG.V + +JNH.V + +PHO.TO + +QYOU.V + +BABY.V + +DXT.TO + +CPH.TO + +CVX.V + +TBIX.V + +HOCL.V (not a penny stock) + +I already have positions in DOC.V, UPI.V, CTS.TO, GDNP.V, HPQ.V, MMED.NE, NUMI.V, SVA.V, NPTH.V, ECOM.V, TBL.TO, and CHR.TO. I've been adding to these for the past 3 months. + +Let me know what you guys think and comment down what's on your watch list! +Hello everyone, + +I will also post this thread in Canadianstockpicks. + +In the last 3 months, FOBI has been beaten to the ground. Bashers and short sellers are being very aggressive and insulting on forums towards long time investors. They are even trying really hard by creating fake news as to how the company is going to steal money from investors. They even went as far as creating fake documents on ceo.ca/fobi and they keep on trying to do some poop and scoop. The share price is at an all-time low and you can notice that algorithms are often trying to create bullish traps. Therefore, I believe it is a great time to invest in the company if you want to hold it long term. + +The bashers are always bringing up the argument that FOBI has not finalized their pilot with Sobey's. This week, after 9000 hours of hard work, they finalized got their security certification to implement their system in huge companies. + +I would consider investing if I were you. I never experienced such aggressive bashers, which is a sign they want retail to get out. In the investor's conference, Rob Anson said they are already cash flow positive, so no reason to bash so brutally besides market manipulation. + +Here is a link to all the achievements FOBI has attained so far : https://www.reddit.com/r/FobiAI/comments/r28iuq/fobi_dd/?utm_medium=android_app&utm_source=share + +The author of this post gave permission. Moreover, FOBI will most probably announce new contracts in Europe, Asia and Oceania soon (it was mentioned in interviews). + +That was my DD. Thanks for reading. + +Edit: Since I am surprised that by how this post got received as if I were on Yahoo finance, I will add a few information. + +First of all, always do your own DD. + +Second, here's the interview of Rob Anson (CEO) saying that there are upcoming partnerships on other continents. In this one, he talked about Europe for a brief instant. During the investor's conference in November, he also talked about Australia and Asia: https://www.youtube.com/watch?v=mr4-GoVke0I + +Third, never invest in anything you don't feel safe investing into. + +Fourth, contrarian investing implies increasing the amount of shares you buy as the share price goes down. Be a good tactician. + +Fifth, here's a great article on Market Manipulation, which exists since the 1920s: https://www.reddit.com/r/wallstreetbets/comments/o4s1yv/market_manipulation_50_heres_how_market_makers/ + +Sixth, here's another great blog on how stock manipulation works. Be an educated investor when investing in stocks with a strong potential future (I see FOBI as one of these stocks): https://www.griproom.com/fun/why-your-stock-is-always-red + +Seventh, If you are unsure about FOBI, watch the webinar next Thursday. You can always decide not to invest: https://finance.yahoo.com/news/fobi-host-shareholder-earnings-webinar-165800313.html + +Eighth, I will not be responding to this thread anymore due to its toxic character. You can always pm me. + +Take care of yourself :) +New description project by Lite Access Technologies Inc. + +The $10-million, 120-kilometre fibre-optic line runs from Playmor Junction to north of Nakusp. + +The job has been broken up among several companies. The prime contractor for the rail trail underground work is Axis Technical Services. Lite Access Technologies is handling the pole section of the project (between Hills and Nakusp), with fibre-optic cable being hung sometime in July, depending on when Telus completes its preparation work. + +The Slocan Valley line is only half the project, with the CBBC planning to build a fibre-optic backbone between Jaffray and Roosville in the East Kootenay, as well. + +ā€”ā€”ā€”ā€” + +*Lite Access Technologies Inc. is a world leader in the use of innovative and proven micro/narrow trenching technologies, alternate methods of deployment and specialist products which transform the cost the network deployment for telecommunications operators. + +As part of its suite of services Lite Access provides clients with integrated solutions or select components for the design and implementation of fibre optic networks. Lite Access' products have been deployed in many high-profile communication networks including Olympic facilities, military and government, numerous communities throughout the United Kingdom , the USA and Canada as well as global telecommunications companies that have adopted Lite Access as the "solution of choice" for the least invasive, most cost effective and future-proof fibre optic connectivity available. + +Lite Access' installation technology and proprietary products extend a network provider's ability to deliver true broadband connectivity directly to end-users, such as homes, businesses, government and educational institutions, and emergency response facilities. Lite Access remains flexible and innovative in its commitment to provide global clients and partners with the most cost effective and proven fibre connectivity solutions available.* + +Position disclosure: 46k at $0.2150. +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add šŸš€šŸš€šŸš€ if you serious +Does anyone have an opinion on GRAT.V? Everything I read gives me a ā€˜too good to be trueā€™ vibe. Best case seems priced in and is there really the potential to disrupt the graphite industry? Itā€™s either still an easy play or itā€™s not. +I read about these economists and their contributions to the study of their discipline, but some are relatively new (< 25-50 years). How do we know they really work and won't "hurt us" 25 years down the road to the point where the damage cannot be reversed at all and our economy will fail completely? + +I don't know. It's just something I cannot get out of my head when reading certain material or articles. Am I the only one? + + +edit: i meant < 25-50 years. not < 25-25 years. +Usually when I get sick I just ride it out but I've had this very painful sore throat for the past few days that won't go away and I don't have insurance. + +My dad recently gave me some money out of nowhere and i wanted it to go to bills and food since my fridge and pantry are empty but now this sore throat. I especially don't want to dip into that money if this will clear up on it's own but it doesn't seem like it will be. +Good morning, here's my watch list for today + +Gap Ups: BLPH, BNTX, FLIR, IMMU, INO, JNUG/NUGT, NAT, NLS, SNBR, ZM + +Gap Downs: AYX, CROX, CTXS, HSY, PDD, STX, TGT + +Earnings season has officially started, in the near future we should start seeing some more opportunities than usual. As for today, pre market is flat while the SPY tries to make it's way over the 50 day moving average. As far as gappers go, there is a few but not many good ones that I like so I will be patient at open as yesterday was pretty choppy for the first hour or so until the market found direction. If SPY can break and hold over the 50 DMA, we have room to the 200 DMA which is currently at around 300. I feel repetitive saying this but due to the comments and messages I will continue to say it, always have a target and stop calculated Before you take any trades, this is important to eliminate emotions and give you an exit plan in case price moves against you. If you dn't use a target price then use a moving average or trend to capture profits. Good luck trading! +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +Apes, Superstonk (and the other GME subs) are awash in purple circles, and I do not mind in the least. At a glance, it's like browsing /new immediately after a Ryan Cohen tweet, but then I realize that these aren't reposts - these are countless individual investors who love this stock taking control over their destiny. This is a force that the short hedge funds cannot overcome. Their power to manipulate the stock is derived from their position within the DTCC, their control over the retail trade execution, and the ability to hide behind titles like "Market Maker" to disguise their crimes. + +Each day, more and more shares are yanked out of Cede & Co and sent to Computershare, where they cannot be lent, they cannot FTD, and they are accounted for in real time. Each day, the number of real shares available within the DTCC dwindles. Soon, maybe even this week, Apes will lock the float away within Computershare, and the DTCC will no longer have any real stock certificates for GME. I cannot say what will happen on that day, but I expect that that will be a major turning point in the GME saga. How can a Market Maker make a market on a stock when their system has not even a single share of that stock? Will every share being accounted for at Computershare trigger an audit of the millions of synthetic shares at the DTCC? + +Either way, the message remains the same. Be a part of the change. Buy GME, DRS your shares, and HODL like never before. + +Today is Wednesday, October 6th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ„ 120 minutes in: **$169.16 / 145,80 ā‚¬** *(volume: 1014)* +- šŸŸ© 115 minutes in: $173.45 / 149,50 ā‚¬ *(volume: 974)* +- šŸŸ„ 110 minutes in: $167.36 / 144,25 ā‚¬ *(volume: 583)* +- ā¬œ 105 minutes in: $167.61 / 144,46 ā‚¬ *(volume: 575)* +- šŸŸ„ 100 minutes in: $167.61 / 144,46 ā‚¬ *(volume: 549)* +- šŸŸ„ 95 minutes in: $168.05 / 144,85 ā‚¬ *(volume: 536)* +- šŸŸ„ 90 minutes in: $168.93 / 145,60 ā‚¬ *(volume: 533)* +- ā¬œ 85 minutes in: $169.37 / 145,99 ā‚¬ *(volume: 512)* +- šŸŸ© 80 minutes in: $169.37 / 145,99 ā‚¬ *(volume: 483)* +- šŸŸ© 75 minutes in: $169.36 / 145,98 ā‚¬ *(volume: 476)* +- šŸŸ„ 70 minutes in: $169.20 / 145,84 ā‚¬ *(volume: 472)* +- šŸŸ„ 65 minutes in: $171.04 / 147,43 ā‚¬ *(volume: 175)* +- šŸŸ„ 60 minutes in: $171.30 / 147,65 ā‚¬ *(volume: 145)* +- šŸŸ© 55 minutes in: $171.39 / 147,73 ā‚¬ *(volume: 123)* +- šŸŸ© 50 minutes in: $171.23 / 147,59 ā‚¬ *(volume: 111)* +- šŸŸ„ 45 minutes in: $171.14 / 147,51 ā‚¬ *(volume: 107)* +- ā¬œ 40 minutes in: $171.17 / 147,54 ā‚¬ *(volume: 48)* +- šŸŸ© 35 minutes in: $171.17 / 147,54 ā‚¬ *(volume: 47)* +- šŸŸ„ 30 minutes in: $171.14 / 147,51 ā‚¬ *(volume: 43)* +- šŸŸ© 25 minutes in: $171.25 / 147,60 ā‚¬ *(volume: 42)* +- šŸŸ© 20 minutes in: $171.13 / 147,50 ā‚¬ *(volume: 34)* +- šŸŸ„ 15 minutes in: $171.06 / 147,44 ā‚¬ *(volume: 30)* +- šŸŸ„ 10 minutes in: $171.13 / 147,50 ā‚¬ *(volume: 30)* +- šŸŸ„ 5 minutes in: $171.16 / 147,53 ā‚¬ *(volume: 28)* +- šŸŸ„ 0 minutes in: $171.25 / 147,60 ā‚¬ *(volume: 24)* +- šŸŸ© US close price: $172.18 / 148,41 ā‚¬ *($172.05 / 148,29 ā‚¬ 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 1.1602. 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) + +DiamantenhƤnde isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +As the title says I recently started making payments on a 2015 Kia Optima, owed almost 15k on it. The other driver was found at fault but I don't have collision coverage so they are saying the max they can give me is 10k. I talked to my insurance and my auto loan company and they both made me feel like their insurance would cover the rest of what I owed, is their anything I can do to get more from their insurance? +Transferring a small amount of GME over to Fidelity from E\*Trade. Just got a call from an agent "did we do something to piss you off"? The guy seemed frazzled and curious about the transfer. I told him its a small amount and there might be more to come. Maybe, just maybe they don't even have the shares. + +https://preview.redd.it/27ald9ur8ft71.jpg?width=1486&format=pjpg&auto=webp&s=5d5a496a90f85cd85171ed076a3c2be6e6318f48 + +Edit: the 500 shares transferred today. + +Next stop CS +Well, so broke my rent is $26 a month, so is my electric. Because I get food stamps a $60 unlimited everything phone plan is only $10. And just got an invite only group interview at my dream job. Welding for a major local contractor where training starts at $15 an hour, and will be $25 an hour in 3-4 years after my apprenticeship! I will be hearing back this week, and if I do not will call to follow up. Wish me luck guys, if I can get this, and do well, I will break free of the spiral I have been in. +How much do you look for stocks that pay high dividends and how much of your portfolio should make up or have high dividend stocks? And if so what are so high dividend stocks that you guys/gals like? +Hi Guys, + +My student loan balance went up by about $300 even though I have been making payment every month. Please take a look at the link. I have attached the screenshot. I am not sure how is that possible. +Any suggestion/idea will be highly appreciated. + +[Link to screenshot](http://imgur.com/a/ncAYr) + +Thank you, + +Shone + +EDIT: Hello everyone, + +Thank you for all the suggestion and comment. I called the company. The person who was helping me went to talk with some people and they said it is because of the date statements are printed and they will send me the history of my payment and how it was allocated by end of the day today. I will take a look at the data and report back to you. + +As many people are suggesting here, I am planning on paying more. As you can see in my statement, I have paid alot more than I have due to which, I have to pay only $496 at the moment. I plan on paying $496 and excess to the highest interest rate group. + +Thank you once again for your suggestion and help. +Potash crucial nutrient for crops + +BPC (Belarus Potash Company) is the worlds second largest potash producer. + +Prices for Potash already at 13 year high + +Worlds largest supplier of Potash is Nutrien Ltd in Canada, they are expected to offset some of the supply needed. + +Nutriens (NTR) stock price closed up 3.5% on sanction news. + +Could been an issue of food inflation across the globe. + +Companies producing potash should have very strong financial years. A sector to certainly keep an eye on. + +I donā€™t hold any Nutrien stock. + +https://www.reuters.com/article/belarus-politics-potash-idCAL8N2ST2XA +Background: + +* 32F, married, no kids, living in MCOL state. +* $4.1M in cash. +* $0.3M in retirement accounts and 529 plans. +* $0.25M in stock exposure across brokerages. +* $0.4M more cash after tax and monthly expenses by end of year from our cash comp. +* A few investments in Series B-E startups that might never become liquid. +* No home. +* Unused $2.46M liquidity access line with SOFR+2.4% rate from a PWM group we use. +* Possible $20M secured credit line. Main banking relationship has visibility into our company's assets and offered it if we collateralized a portion of our equity. + +We have an imbalanced amount of cash mainly because we sold a few hundred bps of the company we started together in a founder secondary two years ago. My husband and I left it untouched as we decided it would be our "stop loss", emergency fund, and something we can reach into quickly if we ever found a desired home or interesting investments. Market conditions also deterred us from heavily averaging in a position (turned out to be a good thing). + +We don't own a home because we just never had the reason or lifestyle creep that impelled us to buy one. Our work kept us living in hotels for about 150+ days per year, and we both grew up in very low income families. Instead, we paid off our parents' mortgages and he moved into my parents' home with me. + +The main driving force for our house search is my age. We want 3 kids, and the window of opportune time is shrinking. And for arbitrary reasons, we do eventually want a $1,000+ psf primary residence of 3000-8000 sf before retirement. + +We've narrowed down to 2 options: + +* (A) Buy a $1.5M land lot, and set aside $3M for construction of a "forever home". Then we'll also probably have the flexibility to pour in up to $8M towards construction if we wanted to, a year from now. +* (B) Buy starter homes in 3 cities for $1.5M\~ each. A SFH in current city and condos in the other two places we frequent (Omotesando and Zurich). + +I'm aware that I'm in a position to afford (A) with leverage, but I'm very risk-averse because of how concentrated our net worth is in a single company. + +My rational mind tells me to go with (B). Aside from the potentially long wait which could sink our plans to start a family, it's fairly obvious that (A) is a lifestyle excess that will eat a lot of our bandwidth, bring about unnecessary stress with zoning, permits, reviews etc., and hamper further wealth generation. + +But (A) is not without its merits. I'd give it 0.65 delta that we will have another $4M of cash within 2 years. If we go with this approach, we pre-empt and save much time having to sell the starter SFH or start building later. The architect we've chosen also has ideas for a multi-pavilion layout for the house that will let us opt to build $3M-8M piecewise, so we can still fall back on a cheaper build. + +P.S.: Sorry for the long read! + +**Questions:** + +1. Would you skip the starter homes in my shoes? +2. For those of you who *built* a forever home, how long did it take and was it worth the wait? +3. Did you have unforeseen problems raising kids or going about your social life with obviously one of the nicest houses in the city? (Our architect has a similar pedigree to Olson Kundig/Lake Flato.) +What are the best places to purchase land or plan to live? + +Iā€™ve regularly heard the Great Lakes region come up as a good candidate for climate resiliency. + +What about outside the US? +From what I can tell itā€™s not exactly a risky play, has a good dividend, and fidelity has a buy rating on it, but heā€™s 12. Heā€™s all about investing and always puts half of birthday/Christmas money into the market. To this day itā€™s only gone into fidelity zero funds. Now he wants to get a little risky. I figure itā€™s a great learning experience. + +DD [requested](https://ibb.co/ZHk6mxB) + +Here it is: + +DD [written](https://docs.google.com/document/d/183jN0ZNJGW08Bhi0Hb5dwkKYZ9rsqG1rVDJXgvdW-08/edit?usp=sharing) + +Thank you for gold! + +Shares [bought](https://ibb.co/WWYd8s8) +I am not sure if Iā€™m just misunderstanding the concept of Coast Fire incorrectly, or if itā€™s just not as great as it seems, but Iā€™m hoping some people on here can clarify for me what itā€™s all about! Hereā€™s where my confusion about Coast Fire lies... + +So, say you reach your Coast Fire goal at age 35. Now you have saved up enough money, so that you can comfortably retire at age 65, so you donā€™t need to worry about or touch your retirement funds anymore until then. I get why this is largely beneficial and a huge accomplishment. I get this part of it completely! + +But what I donā€™t get, is the articles and people explaining that once you hit your Coast Fire goal, you are ā€œfinancially independentā€. You are free to live the life you want, live where you want, quit your job and work at a lower paying job that makes you much happier. + +But... how is this possible? All of your retirement money is saved to be used when youā€™re 65. So what about those 30 years in between? Youā€™re NOT financially independent, because you canā€™t touch that money for another 30 years. You still need to find a way to make a living in the meantime, because you need that money to survive. How is this the equivalent of being financially independent? You are still technically a slave to working at a job that provides for you and your family until you retire... right? + +Am I not understanding Coast Fire correctly? If I am missing something about this particular fire method, I hope that someone can explain it to me better! How is Coast Fire the equivalent of being financially independent, if you canā€™t touch that money until you retire? +https://twitter.com/TheIFS/status/1316989754601295872?s=19 - full tweet, and link to full report in there + +Since automatic enrolment, private sector employees up from 30% to nearly 70%. Self-employed down from 20% to c. 18% in the same period. +I really want to generate some passive income. I just donā€™t know where to begin!?!? What are you doing to generate extra income. + +Or alternatively what is your business on the side of your usual job/work (I suppose this isnā€™t strictly passive) +A very sudden medical expense has occurred that will basically wipe out all my savings, knowing that Iā€™ll have to pay rent and other mandatory bills, how can I best present this situation to my bank and what are my best options? +I have been looking into a position with a private firm that operates with Primerica. From what Iā€™ve seen the people are genuine and want to help their clients reach financial stability. Can someone help explain why everyone seems so shaky on them? Thanks. +Asking for anything, whether it be a abstract approach or traditional approach, just would like to hear some different answers for the best possible plan of attack in 2021. +Hi all, + +As the title states, what would you recommend as the best income strategy for 100k? So far, I've thought about keeping $50000 in a savings account and positioning $50000 across 5 different stocks, selling 1 week CSPs 5% OTM. + +My macro perspective for the upcoming six months is relatively bearish: my subjective probabilities are a 15/55/30 chance of a bull/sideways/bear market. Trying to figure out what to do as opposed to just staying all in cash. + + +On 12/20, XRT disclosed increasing its holdings of GME to 50,277 shares, up from [last quarter's 40,835 shares](https://imgur.com/qBSpKin.png). OG apes may remember that earlier this year, XRT cut its holdings of GME after the price stabilized in the hundreds, and now it appears they're reversing course. In light of all the other issues and XRT just so happening to go on the threshold list last week, this seems like yet another data point in favor of things happening behind the scenes. + +Not every website is updated with the 12/20 disclosure yet, you can go [here](https://www.ssga.com/us/en/individual/etfs/funds/spdr-sp-retail-etf-xrt) and scroll down to "download all holdings" for the full list updated daily. + +Edit: [Source of previous quarter's numbers](https://www.ssga.com/us/en/individual/etfs/resources/doc-viewer#xrt&first-quarter-holdings) + +Edit 2: the weighting % in the title is wrong, several websites were mixing fresh and stale data I believe. As of 12/21, the fund held 49,711 shares, down over 500 from the previous day, so changes are actively being made. +As a disclaimer, I have not actually tested anything regarding sentiment analysis. I have a little background in it, done some work with Twitter posts but that was in a different domain from stock trading. Basically making this post to learn from others' experiences and whether this is a route worth going down/if its worth the time investment. Has anyone found an edge in doing sentiment analysis? If so, could you possibly share any relevant details? TIA! +For the past 30+ years, we as a country have been pushing the agenda that you have to get a 4 year degree in order to make it in this world. It's decimated the trades, and now as the older generation is moving toward retirement, there are massive vacancies in these fields, and tons of openings. + +I work for the Ohio Department of Job and Family Services and recently found out about the Apprenticeship program. There are over 200 different occupations covered, and over 900 organizations sponsoring apprenticeship programs across the state. During your apprenticeship, you are a full time employee of the sponsoring company and on average the starting wage is around $15/hour plus benefits. They also pay for you to go to school 2-3 nights per week. + +Programs last anywhere from 1-5 years, (2000-10,000 hours) and many people in the longer programs (plumbers & pipefitters, carpenters, welders, etc.) are making nearly $30/hour by the time they're done, with raises coming every so often along the way. + +Not all apprenticeships are the traditional trades, either. There's a full list of available apprenticeship programs available [here](http://apprentice.ohio.gov/apprentices.stm). + +Edit: Working on adding all states (and Canada) + +* [US Department of Labor](https://www.dol.gov/apprenticeship/) + +* [Alabama](http://www.apprenticeshipalabama.org/) + +* [Alaska](http://www.jobs.state.ak.us/apprentice/) + +* [Arizona](https://des.az.gov/services/employment/apprenticeship/apprenticeship-programs-arizona-regions) + +* [Arkansas](http://arkansasapprenticeship.com/) + +* [California](https://www.dir.ca.gov/das/ibuiltit/opportunities.asp) + +* [Colorado](https://www.colorado.gov/pacific/cdle/apprenticeships) + +* [Connecticut](https://www.ctdol.state.ct.us/progsupt/appren/online/newimages/welcome1.htm) + +* [Delaware](https://det.delawareworks.com/apprenticeship-and-training.php) + +* [Florida](http://www.fldoe.org/academics/career-adult-edu/apprenticeship-programs/) + +* [Georgia](https://tcsg.edu/for-students/apprenticeship-programs/) + +* [Hawaii](http://labor.hawaii.gov/wdd/home/job-seekers/apprenticeship/) + +* [Idaho](https://labor.idaho.gov/dnn/Education-Training/Apprentice-Programs) + +* [Illinois](http://www.ides.illinois.gov/Pages/Apprenticeship.aspx) + +* [Indiana](https://www.in.gov/dwd/apprenticeship.htm) + +* [Iowa](https://www.earnandlearniowa.gov) + +* [Kansas](https://ksapprenticeship.org/) + +* [Kentucky](https://educationcabinet.ky.gov/Initiatives/apprenticeship/Pages/default.aspx) + +* [Louisiana](http://www.laworks.net/apprenticeship/app_info.asp) + +* [Maine](https://www.maine.gov/labor/jobs_training/apprenticeship.html) + +* [Maryland](https://www.dllr.state.md.us/employment/appr/) + +* [Massachusetts](https://www.mass.gov/apprenticeships-in-massachusetts) + +* [Michigan](https://www.michigan.gov/wda/0,5303,7-304-73460---,00.html) + +* [Minnesota](http://www.mncareerpathways.org/pathways/apprenticeshipSearch) + +* [Mississippi](http://mdes.ms.gov/employers/mdes-employer-services/employee-training/) this wasn't exactly apprenticeship, but it's close + +* [Missouri](https://jobs.mo.gov/content/moapprenticeships) + +* [Montana](http://apprenticeship.mt.gov/) + +* [Nebraska](https://www.dol.nebraska.gov/EmploymentAndTraining/Training/RegisteredApprenticeship) + +* [Nevada](http://gov.nv.gov/OWINN/) + +* [New Hampshire](https://www.nhes.nh.gov/elmi/career/apprentice.htm) + +* [New Jersey](http://careerconnections.nj.gov/careerconnections/hire/training/apprentice/registered_apprenticeship.shtml) + +* [New Mexico](https://www.dws.state.nm.us/Apprenticeship) + +* [New York](https://labor.ny.gov/apprenticeship/general/registration.shtm) + +* [North Carolina](https://www.apprenticeshipnc.com/) + +* [North Dakota](https://www.workforce.nd.gov/workforce/apprenticeship/) + +* [Ohio](http://apprentice.ohio.gov/apprentices.stm) + +* [Oklahoma](https://oklahomaworks.gov/work-based-learning/apprenticeship-programs-in-oklahoma/) + +* [Oregon](https://www.oregon.gov/boli/ATD/Pages/A_StatewideOpportunities.aspx) + +* [Pennsylvania](https://www.dli.pa.gov/Individuals/Workforce-Development/apprenticeship/Pages/default.aspx) + +* [Rhode Island](http://www.dlt.ri.gov/apprenticeship/) + +* [South Carolina](https://www.apprenticeshipcarolina.com/become-an-apprentice.html) + +* [South Dakota](http://dlr.sd.gov/workforce_services/individuals/training_opportunities/apprenticeship.aspx) + +* [Tennessee](https://www.tn.gov/workforce/employers/training-redirect/grants-for-training/apprenticeship-training-grant.html) + +* [Texas](https://twc.texas.gov/jobseekers/registered-apprenticeship-training-programs-job-seekers) + +* [Utah](https://jobs.utah.gov/apprenticeship/) + +* [Vermont](http://labor.vermont.gov/workforce-development/apprenticeship/) + +* [Virginia](https://www.virginia.gov/services/registered-apprenticeship/) + +* [Washington](https://www.lni.wa.gov/TradesLicensing/Apprenticeship/Programs/) + +* [West Virginia](http://www.wvcommerce.org/business/workforcewv/job_seekers/apprenticeship.aspx) + +* [Wisconsin](https://dwd.wisconsin.gov/apprenticeship/individuals.htm) + +* [Wyoming](http://buildourwyoming.org/apprenticeship/) + +* [Canada](https://www.canada.ca/en/employment-social-development/services/apprentices.html) +I own no properties, still leaning, I come on here every day and try and absorb as much information as possible, Im actively seeking city work/ trades apprenticeships, as I'm 23 and dont have any "real" money yet. + + +I've been talking with a few friends of whom I trust with my life and we're all going into the same bubble of pooling money, and doing something along the lines of a BRRRR strategy when the time is obviously right. However, I never hear testimonies of people who went into real estate with a sibling, or a friend. Are there any real disadvantages to maneuvering in this field with a partner? is it better or worse? +So Iā€™m planning on selling a couple positions for a tax loss, but Iā€™d like to sell an ATM put with an expiry over 30 days out. Will this make it a wash? + +My accountant needs to look into it further and I need to do this tomorrow. Wondering if anyone has sold a put with a further expiry on a stock they took a loss on for tax purposes without creating a wash. +I bought a subscription for [getvolitlity.com](https://getvolitlity.com), and been backtesting a bunch of strategies. Its great because it allows for futures options as well and gives a bunch of statistics. + +There arent any good free options backtesting sites like with portfoliovisualizer with equities. + +I can backtest some starts if anyone wants, while I still have an active subscription. +Hello everyone , I currently have something like 3k$ in my bank account , since the market dropped so much I was thinking about buying 1ETH for 1200$ + +Do you think the market will rise again and it still has future , I would love to hear your opinions and would like to get tips and knowledge sources if you have + +I would like to hear about NFTā€™s as well , do you think it has future ? Or just too much hype around it + +Iā€™m asking because Iā€™m confused , I saw Bill Gates saying that he doesnā€™t invest on crypto because it doesnā€™t have a valuable output , in the other side people made alot of money from this +He is currently Vice-Chair (Privacy) of the [Digital Currency Global Initiative](https://www.itu.int/en/ITU-T/extcoop/dcgi/Pages/default.aspx), which is a joint project by the International Telecommunication Union, which is the UN ICT agency, and Stanford. + +To advocate such a totaliarian position - where running a software node that operates according to an autonomous algorithm becomes illegal in the United States - means he is profoundly authoritarian in his mindset and agenda. + +Ultimately his goal must be to either keep all cryptocurrency networks out of the US through extreme control over the internet within the US, or to eliminate all autonomous cryptocurrency networks from the world. + +This would disenfranchise millions of people, and prevent the emergence of decentralized financial networks that have already shown they have the ability to dramatically improve the living conditions of people facing some of the most challenging socioeconomic conditions in the world. + +To advocate for such a heavy-handed and illiberal respose to a voluntarily formed decentralized software network makes it completely inappropriate for an international organization like the UN, or a world renowned university like Stanford, to have any affiliation with him. + +He's advocating nothing less than the total suppression of non-official human activity, and total bureaucratic supremacy, of the kind characteristic of the worst totalitarian societies. + +We should contact the UN ICT Agency and Stanford and demand they distance themselves from someone advocating government measures that pose such a grave threat to human rights in the US and to financial empowerment worldwide. +*It's been a tough day, and we're grateful to you for being a r/CryptoCurrency subscriber.* + +Cryptocurrencies are open and permissionless. That's kinda the whole point. You can send money to anyone, anytime. You can trade on centralized platforms or directly peer-to-peer. It's totally up to you. + +If some exchange prevents trading, you can always trade somewhere else. They can't stop decentralized networks. If you hold your own keys (cryptography that allows you to send and receive funds), you have freedom to do whatever you want with your money. + +But... pump and dump groups are not good. r/CryptoCurrency is ***NOT*** a pump and dump group. + +Cryptocurrencies have seen their fair share of pumps and dumps. The distributed nature of them mean that anyone can attempt these at any time. Experienced cryptocurrency traders are extremely familiar with them, since they happen all the time. It's normal to see random "altcoins" appreciate or depreciate more than 100% in a single day. That's normal here. Everything is 100x. + +We encourage you to learn about cryptocurrencies and to take advantage of their freedom and censorship-resistant properties. But please, follow our rules. Us moderators take the role of preventing manipulation here (of all types) extremely seriously. + +Thanks, + +The r/CryptoCurrency Moderation Team + +--- + +Do you have no idea how cryptocurrencies and blockchains work? Don't panic. Everyone needs to start somewhere. + +Have 25 minutes and want a laugh? See this episode about cryptocurrencies on Last Week Tonight: https://www.youtube.com/watch?v=g6iDZspbRMg + +Learn. Focus on Bitcoin first. Your best tool is education. + +Note: you ***earn cryptocurrency for participating in this subreddit!*** Read the subreddit rules first please, then post and comment to earn karma. For each karma you earn, you earn some MOONs in your Reddit app. [Read more](https://www.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) +I believe this will be the final entry in what is, now, a month-long emotional rollercoaster. The previous posts can be found here: [first](https://www.reddit.com/r/personalfinance/comments/8co3an/i_might_be_kicking_the_bucket_what_do_i_need_to/) and [second](https://www.reddit.com/r/personalfinance/comments/8gjq68/update_re_i_might_be_kicking_the_bucket_what_do_i/). + +First and foremost, Iā€™d like to take a moment and thank this rather amazing community. Our world can be pretty rough, harsh words are abundant, and apathy is never in short supply. Some scared, ignorant guy asked for help at a particularly challenging juncture and you people went above and beyond. I received some really great recommendations about financial preparedness, but I also received comprehensive insight concerning the legal, administrative, and even emotional aspects. So many of you just reached out to say something kind. I can honestly say that I was overwhelmed by your collective kindness; I did my best to respond to each of your comments and PMs and I apologize if I missed yours. + +Now, some of you asked to be updated regarding my condition, how things panned out, etc. So, [good news, everyone](https://www.youtube.com/watch?v=g8IVI0sZ6F8)- I probably wonā€™t be dying anytime soon, at least not because of my unwelcome guest. I received a second MRI that focused on the area, a battery of tests and labs, and a number of consults with experts in the fields concerned (endocrinology, ophthalmology, neurology, etc.) and everything points toward me probably being fine. The blob doesnā€™t appear to be cancer and it doesnā€™t currently have any affect on my quality of life. That being said Iā€™ll have to keep a closer eye on things because there will always be some threat to my vision and endocrine system, but it's marginal and Iā€™m completely happy with how things turned out. + +I strongly recommend visiting the previous posts, specifically the second, and at least skimming the parent comments. Some final near-incoherent ramblings to round off this post: + +* Life changes quick. We all know some jagoff thatā€™s compelled to make a tragedy about themselves and share similar sentiments on social media, despite not really even being involved in the situation. People like that have really cheapened a valuable lesson. My life was going amazingly until some guy told me I may very well be fucked. + +* Be an adult and address this rather simple aspect of life/death. It takes minimal effort and resources and it will spare your loved ones a ridiculous amount of inconvenience. Take care of it while itā€™s optional because it really sucked to deal with it while under the gun, so to speak. I had nightmares just about every night for the past month centered on my wife. It was some real Sopranos shit; Iā€™d usually see her having a complete breakdown over a pile of scattered papers because I left her hanging. Death didnā€™t really bother me because I couldnā€™t get over the pain I would have caused. + +* Go see an estate planning attorney. These guys make a relatively simple process even simpler. More importantly, theyā€™re familiar with laws that vary from place to place and they have experience with aspects of the post-death process that many of us may overlook and would otherwise prove to be pitfalls. + +Feel free to reach out with any questions or if you need some help with this stuff. Thank you r/personalfinance, you're the fiscally responsible parents that I never had. + + + +Someone asked for the short version of things I learned. In no particular order: +* Sit down with an estate planning attorney. It's totally possible to do all this by yourself, but there are a ton of pitfalls and unforeseen issues that could render your efforts useless. Individual circumstances need to be accounted for. + +* Do everything you can to avoid probate (some of the other points will help with this). Virginia has a painful 18 month process and that's bull shit. + +* Do everything you can to avoid probate because the court will take a considerable amount of the value of whatever goes through probate. This can really fuck your S/O because it counts value, not equity. It doesn't matter if you've only made two payments on your $300,000 home, they're going to want a percentage of that $300,000. +* Figure out a way to make the transfer of your money seamless. Joint accounts are the easiest, but carry inherent risk. You can also set up a "pay upon death" protocol with your bank. Your successor just has to prove you're dead and then the bank will initiate the steps in place to move the money to the person you identified. + +* Do not make someone a co-owner of your car because that puts all joint property at risk in the event of a civil suit stemming from an accident. + +* Some places/institutions have different levels of joint ownership, account owners, etc. and you need to verify which one(s) you have set up. A ton of people told me about how X added Y as a joint owner only to find out Y didn't have the rights they were meant to have. + +* Figure out a way for your S/O to have the login information for *everything*. Social media and banking stuff is obvious, but there's a ton of things that aren't so apparent because you login so infrequently (401k, utilities, insurance, etc.). There's a lot of ways to do this digitally or physically. + +* Redundancy is critical with valuable documents. Some people lost important documents at critical times and it caused heartache. + +* If you're going to use a safe deposit box, make sure your S/O has access. People wrongly assumed they'd be able to and the S/O had to go through a lot of legal trouble. + +* Don't just plan for your death, plan for that area in between. Set up an advance medical directive and a power of attorney. Remove the burden of having to decide when to let you die from your S/O. Let them focus on grieving and not making heavy choices. This will also stop them from racking up piles of unnecessary medical debt when you wouldn't want them to. + +* At least one copy of your advance directive and power of attorney documents should be readily available in your home so that your S/O can act quickly. You can also file a copy of your advance directive with your hospital. + +* Make sure your S/O orders a bunch of death certificates. Every institution will want one and having to order one will really draw out a process. They're not cheap, but (apparently) the cost is well worth it. + +* Verify the beneficiaries of your various trusts, policies, etc. Apparently a few people have neglected to update those documents over the years and current spouses don't appreciate previous spouses receiving piles of your money. + +* Plan your funeral. This makes life easier for those that survive you and you can save a fuck-ton of money. Aside from stopping your family from being guilt-ed into buying fancy shit you wouldn't have wanted in the first place, you can also pre-pay and receive a decent discount. You can also prohibit specific people from coming to your funeral (apparently some guys ex-wife showed up to his funeral and made a bad day worse for his current wife). + +Seems like most new to algotrading start with crypto, given the usual free data, the hype, the decent API's, etc. + +I was wondering, how many of you started in crypto and moved to more traditional instruments, and if so what were your reasons? + +Also, please share any tips you may have for the transition (e.g. what brokers to use, where to get decent data, etc). + +I will still hold a crypto portfolio, but I am at a point in time that I would like to hedge it with more stable instruments. + +Thanks. +Hello, sorry if this is not the right place for this. + +I'm currently a high school leaver and am quite enthusiastic regarding the algotrading/hft industry. + +I will be enrolling into UNSW for a computer science and maths degree but also have gained admission in Imperial College London into their JMC (joint maths computer science) program. I am having trouble deciding which one will be better for a potential career in the trading industry. UNSW seems to have industry connections with Jane Street and Optiver while I am not so sure about Imperial's connections. + +I was wondering if I could possibly get some advice regarding the trading industry in London vs Australia and any potential benefits of attending either school. + +&#x200B; + +Thank you very much! +Ive been trading for over 30 years and my only reason for this post is to save lives. + +If youre a new trader.... please understand you can lose everything in a heartbeat. Dont double down, even if ur down big. Sit on ur hands. Buying more into a vicious decline is how traders lose it all. + +If youve already lost it all.... everything will be ok. Right now u may feel like the world is ending, but it is not. Believe it or not, one day you will have this money back and more. You will feel like absolute shit for awhile but u will be ok. + +If you feel despair/suicidal.... stop, breathe, talk to someone, realize ur not alone. What ur going through is not unique, most new traders lose it all when starting. Donā€™t beat yourself up, most of us have been where u are. You will be ok and u will rise again. +Lots of advice from Bulls when it's hot and Bears when it's not. + +The fact is blood can run in both directions. When this thing pops up it's going be just as violent....particularly when coupled with an unanticipated bit of news from lead devs or a sidearm bullseye from the EEA world...or other Bitcoin related crap.... + +This ain't hopium...mark my words...we'll see a $50+ jump in a day (or less than a day) and when that moment hits necks will snap and one group goes quiet as another tries their best to FUD the room with whatever meme of the moment may come up. + +Anyway...most importantly is to try and be nice and cut down on some of the inflammatory stuff. I can see some angst in your letters....just take a break. This price action for many of us is really heartbreaking. If it's effecting your relationships and financial goals to a great degree then you need to shut this room off for a bit. We may be here for a while and I'll break out the oars and paddle through the blood and tears once again. + +Despair was at $5.80-$6 after dropping down from $22. That's like a 70% drop. + +Look where we are now coming down from $420... Yup...basically 65% drop. + +The Past doesn't dictate the future but to me I'm feeling the same vibe as late November 2016 come in here and to me, more than price alone, is a real indicator we are close to the bottom. Try to keep a longer horizon about ya and treat others as if they are in the same room face to face. + +be good traders and big hugs from KC. +This is my eighth yearly update on my FIRE journey after reaching 100k 7 years ago.Ā  You can read the previous posts below: + +1. [Eight years ago: I hit 100k of invested assets](https://www.reddit.com/r/financialindependence/comments/261kp3/major_personal_milestone_achieved_this_week/) +2. [Seven years ago: I posted my first update](https://www.reddit.com/r/financialindependence/comments/36jg7u/one_year_after_100k_update/) +3. [Six years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/4jt2d2/two_years_after_100k_update_2/) +4. [Five years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/6bjp0r/three_years_after_100k_update_3/) +5. [Four years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/8igab5/four_years_after_100k_update_4/) +6. [Three years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/bqebbw/five_years_after_100k_update_5/) +7. [Two years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/gqz4fo/six_years_after_100k_update_6/) +8. [Last year: I posted another update](https://www.reddit.com/r/financialindependence/comments/nmwa1i/seven_years_after_100k_update_7/) + +**------This Year's Stats-----** + +38, Married, childfree + +[Mint Snapshot and Net Worth History](https://imgur.com/a/7sqJbrl) + +**Total Assets** = $1,480,017.08 + +**Total Debts** = $437,842.09 + +**Total Net Worth** = $1,042,174.99 + +**FI Goal** = $1.1M + a paid off mortgage.Ā  + +**Debts** =Ā  353k mortgage at 2.500%, monthly expenses on credit cards paid in full monthly. + +**Income** = My Income (\~190k/yr) + SO's income (\~230k/yr) + Startup (\~20k/yr).Ā  + +**Expenses** =Ā  Average $9.1k/month over the last 12 months. There are a lot of 1-off expenses though. Without those the average is $5.9k/month. + +1-Off expenses are: + +* Recreational vehicle damage (cracked a spacer during a track session) $2k +* 3 Vacations (including the entire month of Sept) $16k +* Buying a pet + pet equipment $4.5k +* Federal tax payment $8k +* Post-Airbnb Livingroom furniture $6k + +&#x200B; + +\-----**Other Details-----** + +* The last year has been tough personally. It's not really on topic for this community, but I'd give it a 3/10, would not recommend. I think we had an easier than average time over 2020 being remote workers and owning a home. Now I think the postponed stress and anxiety that was mostly borne by essential workers in 2020, is coming home to roost for us. It feels like work and the administration of life is ramping back up to "normal", but socializing and self-care has gotten much more difficult. +* The startup was profitable last year, but not enough to warrant continued full-time effort. For most of the last year, I was the only full-time worker and starting around 6 months ago, I was putting in less than 10 hrs/week. Given that it was still profitable and keeping clients on very little time, I decided to Benjamin Button it into a side-gig. It was a surprisingly difficult mental exercise to feel OK with this, but I'm glad I did it because it was very lonely working alone. +* Consequently, I decided to go ahead and get a job again. It felt like the fastest way to get the socializing and collaborative work that I want. It also would provide a good counterfactual to test all my new skills and philosophies. One of the justifications for the startup in the first place was that even if it failed it would be better than an MBA. So far this seems to be true. I've only been employed again for a month but so far it's been great. +* Around the same time, my SO made a job change as well. As happens in sales, outsized success is often followed up with outsized goals. Their last role went a bit too far and it made more sense to move on. As every other job move, they got a huge jump in base pay and variable target pay. +* For the second time in a decade I've adjusted my asset allocation. As interest rates go up, I was feeling like there were better vehicles for the counterbalancing the coffeehouse portfolio style. I moved 5% of my bond allocation into stablecoin lending, which is making around 7%. I'm still getting comfortable with the risk profile. Obviously, the rates can change at any time so we'll see if this remains a longterm viable split. + +&#x200B; + +\-----**Asset Allocation for reference-----** + +* Bonds-----------------------22% (VBILX) +* Stablecoin Lending------5% (GUSD mostly) +* S&P 500--------------------13% (VFIAX) +* Small Cap US-------------13% (VSIAX) +* Emerging Mrkt----------12% (VEMAX) +* REIT--------------------------12% (VGSLX) +* Global Capital Cycles--10% (VGPMX) +* International Large----13% (VTIAX) + +&#x200B; + +GLTA! +I am curious to hear how did you become fat? +I see many here post high income, or inheritance. I am curious what other ways besides high income and inheritance would you suggest to get fat quick? +I want to learn from those of you who made big from nothing and were successfully able to turn your life around. + +Whatā€™s your mindset, are you all risk takers? Are you risk averse. Every time I think of a business I feel either there is going to be too much work or itā€™s going to fail hearing every one tell not to do it on the internet. +However, I believe some of you have very successful business. + +So we try to launch our first crypto campaign, and saying we are lost is an understatement, if anyone has experience with it, and would like to share it would be amazing, mostly in terms of online ads (banners, Google AdWords, etc.), but also in terms of PR, costs community management, etc. +NEO made my day with that beautiful swing down and up. Always love seeing coins I like give me buying opportunities. Caught a small slice of VTR action and am buying FLDC on it's dip at 300 sats. Not too much cos I'm still not sure but it looks interesting. Need to read up more about Ichimoku clouds to understand this better. + +What trades have been good for you? +**In case you haven't heard of it, what is Coss?** +[Coss.io](https://coss.io/) is an exchange that is currently in beta. Right now they are focusing on getting their improved engine online, once they are done with that they have some very ambitous goals. +They also have their own Coin similar to KuCoin Shares or BNB. 50% of the transaction fees are given back to the holders of the Coss Token, pretty much the same way KuCoin does only with a higher percentage. + +**What are their plans for the future?** +Basically they want to be a single stop for all your needs, this includes: + +* Obviously they want to be an exchange. +* Fiat depositing/withdrawing +* Take part in ICOs directly on their site and get a bonus for doing so +* Marketplace for merchants, so you actually can spend your cryptos for something at one point + +I probably missed something, you can find more on their Website or the subreddit r/cossio. + +**Where are they standing currently?** +Right now the website is fairly laggy and deposits/withdrawals take fairly long to resolve. They will introduce a improved UI at the end of the week. +They plan to introduce their new engine and API at the end of Q1 2018. +After they manage to setup the exchange properly they will focus on other tasks. + +**Why should you get in now?** +Right now most exchanges can't handle the amount of new users. A lot people are looking for alternatives because they can't sign up at Binance/Bittrex/etc. +If we look at KuCoin Shares we can see that these kind of Coins work very well once enough people use the site. +So to me it seems like a good chance to deal with the laggy site and get some Coss while it's still cheap. Once they solve their issues and add some features users will start using their site and Coss will increase in value. Right now KCS sits at more than 15x the value, just for example. + +Of course it's possible that they won't solve their problems and we see no gains. So be careful and don't invest more than you can afford to lose, it's a risky investment that could be worth it. +Personally I am willing to take the gamble, if their new engine works fine and the exchange works without major flaws they will get users, even if they don't add their other features any time soon. +This sub has been very conservative in deploying capital in real estate, especially in primary residence. In the past Iā€™ve seen people referring to 10-20% of NW + +How possibly someone living in a VHCOL city can purchase a flat without exceeding those thresholds? + +Assume you live in London, in your 30s and have a NW of 2.5m GBP. You will NEVER EVER live in a flat of 500k, thereā€™s simply no property like that. Most likely you will buy something in the range of 1.5-2m, put an equity of 300-500k. Your equity to NW can be 20-25% but the house can be worth easily 100% of NW + +Is there any other way to approach this in VHCOL? Alternative is renting but rents are now getting way out of control; the gap between interest expense and rent is quite significant if you compound it say next 5 years + +Thoughts welcome +52Wk High: $3041 +AH close (2/1): $3013 ($150.65) +Pre (2/2): $3041 ($152.05) + +Google parent Alphabet announced plans for a 20-for-1 stock split on Tuesday as part of the technology company's quarterly earnings statement. + +The move comes a year and a half after Apple said it would split its stock. + +Alphabet intends to split the Class A, Class B and Class C shares of the stock, according to the earnings statement. The change requires shareholder approval. Each shareholder at the close of business on July 1 will receive, on July 15, 19 additional shares for each share of the same class of stock they own. + +Shares of Alphabet stock have become expensive, at over $2,750 each at the time of market close on Tuesday, having doubled since May 2020. + +[Source](https://www.cnbc.com/amp/2022/02/01/google-parent-alphabet-announces-20-for-1-stock-split.html) + +Edits: Price movements updates +EDIT: Since I am seeing a lot of comments about how I am making assumptions that Gamestop themselves (or the owner of this wallet) is buying these coins, NO I am not. I am simply saying these coins exist, in the wallet that exists on the nft.gamestop.com page. Who bought them, or who sent them, is completely unknown. Yekcoin and Barings is the only really interesting piece. + +Disclaimer: I know just enough about crypto to know that I don't know shit about crypto. I would love someone who is well versed in Crypto and DiFI to look further. I do not advise anyone to buy any of these coins, I am basically just doing research here and don't know anything about them. Call it a brain dump. Also, it is extremely late and I am hoping some Aus apes can see this and keep it going while I get some sleep. + +**TL:DR +This post turned into a rabbit hole much larger than I thought it was. Citadel sold their "hedge fund book keeping" business to a company, who they manage the source code for, and are also a client of? That same company bought the assets of a British bank that went defunct in 1995 because they suffered massive losses from misreporting trades? If you don't care about memes, NFTs, Gaming platforms on blockchain, or a speculation on a possible stock market exchange run on the blockchain than CTRL + F "Yekcoin" and read from there, this is the biggest 7 degrees of Kevin Bacon I have ever seen. ~~Oh yeah and GME Coins have started to be minted and transferred in to Gamestops wallet~~** + +--- + +I created a post about the wallet the other day (https://www.reddit.com/r/Superstonk/comments/nl9lu2/there_is_a_lot_more_to_that_crypto_wallet_than/) so I won't go into too much detail about previous items, but a couple of things worth mentioning: + +--- + +The token address from https://nft.gamestop.com/ is + + 0x13374200c29C757FDCc72F15Da98fb94f286d71e + +(The "1337 wallet") + +Etherscan link to it: https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e + +- 196,000 coins of HOGE (https://hoge.finance/) that is a deflationary coin, but they have an unannounced run of NFT's, and as well their First Generation has a rocket ship flying over the moon... https://www.hogemint.com/guide. +- 5 coins of BEPRO (https://www.bepro.network/): "Build the future of DeFi Gaming" "We are a Code-as-a-Service protocol providing technology and support for blockchain-based applications." +- BEPRP (https://www.bepro.network/) "We are a Code-as-a-Service protocol providing technology and support for blockchain-based applications.", "Build Anything +Prediction Markets, NFT Platforms, Informational Markets, DeFi Gaming, and more" +- Random gaming related coins like GLOOP (ClickerHeroes?), +- Random meme coins and random meme number of coins all over (69420 as an example). There may be way more about some of these than I care to dig into though... newer ones are far more interesting for me right now but the linked post above has all the info I pulled out of them. + +--- + +I looked farther into VETH (Vether: https://vetherasset.org/, https://www.vetherasset.io/whitepaper) from my first post as well and it is more interesting than I noticed before. + +https://i.imgur.com/lztNilw.png + +Snippets from the whitepaper: Vether is a "strictly-scarce Ethereum-based asset", and the only way to acquire it is by destroying "an asset with existing value, such as Ether or ERC-20 tokens". "Vether is designed to return scarcity properties to Ethereum, captured in a single fixed-supply asset, emitted in a way that continually absorbs value, at the same time as being distributed fairly and at-cost." + +Without digging much further into it, it really jumps out as a needing way more research into the underlying technology. It seems to be adaptable to a company being able to use this for their own stock as it would allow them to introduce shares at a consistent rate and ensuring someone buying it is paying exactly what it is worth. + +--- + +Another new coin since my last post is uJENNY (https://jennynft.io/). "The First Metaverse DAO and Social Token on Unicly", what is a DAO you ask? + +https://www.investopedia.com/tech/what-dao/ + +> Why make an organization like the DAO? The developers of the DAO believed they could eliminate human error or manipulation of investor funds by placing decision-making power into the hands of an automated system and a crowdsourced process. Fueled by ether, the DAO was designed to allow investors to send money from anywhere in the world anonymously. **The DAO would then provide those owners tokens, allowing them voting rights on possible projects**. + +https://i.imgur.com/kV10SHJ.png https://i.imgur.com/aRphTD5.png + +Again this seems like it could be used for corporate governance over a blockchain stock. I don't want to speculate too much on this since way more research would be needed, but this token really seems to be set up like corporate governance that allows for voting rights, splits, buying/selling at a fair price, and even an "ETF" style way of buying NFTs + + (https://www.unic.ly/: how it is combined, fractionalized, or traded) of the token, a portion of the funds sold are transferred back to the DAO and earmarked for buying NFT's (stock buybacks). Incentivizing holdings + +--- + +NOTE: I got to this point in writing my "updated coins" post when I stumbled on Yekcoin... that was a long long time ago... + +Yekcoin... now this is one that really stood out. It is a "Blockchain Based Payment Systems for Businesses" (https://www.yekcoin.net/). Makes sense and goes along with any sort of NFT direction GME wants to go, but again this strangely ties into a stock market as well. It does not have transaction fees like a normal payment system being a fixed amount, it charges 0.05$ per transaction instead. This would, for example, completely destroy high-frequency trading. + +Ok, that's cool and all, but why did this coin stand out to me? Well, there are currently 2,602.1995 coins in the 1337 wallet. That really looks like a date doesn't it, what happened on that date? + +https://www.onthisday.com/date/1995/february/26 + +> Historical Events + +> **London finance house Barings collapses after huge losses in Singapore by rogue trader Nick Leeson** + +I'm sorry, what? Does it just so happen there is a number of coins, in a coin related to low-cost payment systems that would completely fuck up HFT, lines up with the exact date that a British bank went defunct? + +https://en.wikipedia.org/wiki/Barings_Bank#1995_collapse + +> Barings was **brought down in 1995 by a massive trading loss caused by fraudulent trading** by its head derivatives trader in Singapore, Nick Leeson. Leeson was supposed to be arbitraging, seeking to profit from differences in the prices of Nikkei 225 futures contracts listed on the Osaka Securities Exchange in Japan and on the Singapore International Monetary Exchange. **However, instead of buying on one market and immediately selling on another market for a small profit, using the strategy approved by his superiors Leeson bought on one market then held on to the contract, gambling on the future direction of the Japanese markets**. + +So this bank was brought down because someone was buying futures on one market, and rather than selling them right away on another for a profit, they were holding them and hoping it would go up, but didn't. Sounds familiar? Strange volume in certain European markets maybe? + +> Internal control + +> Leeson was general manager for Barings' trading on the Singapore International Monetary Exchange. **However, Barings circumvented normal accounting, internal control and audit safeguards by making Leeson head of settlement operations for SIMEX, charged with ensuring accurate accounting for the unit. These positions would normally have been held by two different employees. With authority to settle his own trades, Leeson was able to operate with no supervision from Londonā€”an arrangement that made it easier for him to hide his losses.**[16] After the collapse, several observers placed much of the blame on the bank's own deficient internal control and risk management practices. A number of people had raised concerns over Leeson's activities but were ignored. + +Again, sound familiar? A certain hedge fund who also has a big brother Market Maker maybe? + +> Corruption + +> **Because of the absence of oversight**, Leeson was able to make seemingly small gambles in the futures arbitrage market at Barings Futures Singapore and **cover for his shortfalls by reporting losses as gains to Barings in London. Specifically, Leeson altered the branch's error account, subsequently known by its account number 88888 as the "five-eights account", to prevent the London office from receiving the standard daily reports on trading, price and status**. Leeson claims the losses started when one of his colleagues bought 20 contracts when she should have sold them, costing Barings Ā£20,000. + +With no oversight, Leeson made bad bets and covered the failures by reporting losses as gains. He altered a branches error account to prevent the oversight from getting daily reports on the failures. + +> Kobe earthquake + +> Using the hidden five-eights account, Leeson began to trade aggressively in futures and options on the Singapore International Monetary Exchange. His decisions routinely resulted in losses of substantial sums and he **used money entrusted to the bank by subsidiaries for use in their own accounts. He falsified trading records in the bank's computer systems and used money intended for margin payments on other trading. As a result, he appeared to be making substantial profits. However, his luck ran out when the Kobe earthquake sent the Asian financial marketsā€”and with them, Leeson's investmentsā€”into a tailspin. Leeson bet on a rapid recovery by the Nikkei, which failed to materialise** + +Just replaced that last little bit about betting on a fast recovery to better on a dying store and you have a GME scenario... + +> Aftermath + +> Dutch bank ING purchased Barings Bank in 1995 for the nominal sum of Ā£1[19] and assumed all of Barings' liabilities, forming the subsidiary ING Barings. In 2001, ING sold the US-based operations to ABN Amro for $275 million and folded the rest of ING Barings into its European banking division.[22] This left only the asset management division, Baring Asset Management. In March 2005, BAM was split and sold by ING to MassMutual, which acquired BAM's investment management activities and the rights to use the Baring Asset Management name, and Northern Trust, which acquired BAM's Financial Services Group.[23][24] Barings Bank no longer has a separate corporate existence, although the Barings name still lives on as the MassMutual subsidiary Baring Asset Management.[25] In March 2016, a merger was announced with other asset management subsidiaries of MassMutual, creating a new "Barings" headquartered in Charlotte, NC.[26] Baring Private Equity International was acquired by its respective management teams, which today include Baring Vostok Capital Partners in Russia, GP Investments in Brazil, Baring Private Equity Asia[27] and Baring Private Equity Partners India.[28] + +Lots of names in here around who bought what part of the business (I didn't even go through them all because I got mind fucked after this next one). The one that stood out to me the most was who bought "BAM" or Barings Asset Management. A company called Northern Trust, new to me, but one thing that stood out quickly on their Wiki was they are based in Chicago. Hmm, where do I know Chicago from? + +What's this, 2 years ago Northern Trust acquired Citadel's Omnium Technology Platform? https://www.nasdaq.com/articles/northern-trust-acquires-citadels-omnium-technology-platform-2018-07-02 + +What is Citadel's Omnium Technology Platform? According to Frobs (https://www.forbes.com/sites/halahtouryalai/2011/05/16/what-citadels-sale-of-omnium-means-for-hedge-fund-investors/?sh=29a596521ab5), it is + +> Omnium, which was launched by Citadel in 2007, is a hedge fund administrator which means it is hired by hedge fund managers to maintain their books and records. Citadel's hedge funds were using Omnium for its own administration services. + +Businessinsider (https://www.businessinsider.com/everyone-thinks-its-really-weird-that-citadel-just-sold-omnium-2011-5) also says + +> Omnium provided hedge fund services (like accounting, for example) for a variety of third party clients. **Citadel owned Omnium and was a client**. While a number of their groups had their own back and middle office personnel, other parts of Citadel relied on the company for service, according to our source. + + +Let me get this straight... + +Gamestop is holding 2,602.1995 Yekcoins that is a payment system specifically designed to disincentivize a lot of very small transactions, and that coin count just happens to line up with the date the bank Barings went defunct in 1995, and a company called Northern Trust who bought that defuncts Asset Management division just so happened to buy Citadel's hedge fund book management system in 2018, that Citadel still manages the source code for, and who Citadel is also a client of? + +Not going to lie... bit scared about what I just stumbled on. + + +~~Oh yeah and also GME minted 2,000,000 coins out of a total 12,000,000 possible to be minted. All 12M were sent to a single wallet, who then sent 6M to another wallet, and both wallets with 6M sent 1M each to "1337 wallet", leaving 10M split in the two original wallets.~~ + +https://www.reddit.com/r/Superstonk/comments/nnhyue/nftgamestopcoms_wallet_holdings_lead_me_to_a/gzv2tjv/ + +/u/ImSkrpted pointed out that the GME coins are from a different contract. Thanks for pointing that out. Honestly I lost track of the GME coin once I found Barings +I am a big fan of this community and I have always been focused on FI rather than RE. Donā€™t get me wrong, I always want to know that I can RE because this gives me confidence to make tough choices at work which leads to more $$$. + +I am 38 and have a networth of around $1.3M. I am a recent executive and earning $300-350K. Iā€™ve been living in the same home for 13 years and itā€™s paid off. I also have an investment/ vacation home with a mortgage. + +Hereā€™s my question, I find myself in a situation of needing to buy 2 cars soon. Iā€™ve always just owned the cars no payments. Is it crazy to spend $90K on cars when Iā€™m just in the beginning stages of Fatfire? Or should I stay the course and continue building wealth until Iā€™m more secure. + +Right now I only have $100k in liquid cash, so I would probably need to take a car loan on some of it. + +Thanks for your help. +Wayyy back I bought a coin called xtrabytes - it was actually popular (shilled) for a short period on this sub in 2017. It was hailed as the next ethereum. The team was talking about a patent - everybody was waiting for itā€¦ but it never came. Apparently the founder died too lol + +Anyway itā€™s clear that itā€™s a shitcoin and it never recovered this bull run. Itā€™s still 99% down and still bleeding. I bought such a small amount it doesnā€™t matter to me but it is kind of funny in hindsight. + +Hereā€™s a reminder that not all coins recover from a bear market. If you want to gamble on a shitcoin then go ahead but donā€™t expect a recovery like btc or eth in the next bull market. + +Stay safe out there my humans! +I spent the last ~18 months working at a fintech startup that hasn't gone public yet. In response to the VC money slowing down due to the recent economic dip, they just axed nearly 20% of their workforce, myself included. For reasons that aren't worth getting into here, I don't think that the company has a particularly bright future, and I'd like to dump my stock in the company before it inevitably caves. + +As of right now I've got 600 RSU's (~$10,000 based on stated FMV), but only about 100 of them are vested (~$1500). That said, I'm not really interested in waiting around for more of it to vest, only to have the company evaporate before then and the value drop to *zero.* + +What are my options here? Is there a way to dump my vested stock even though the company isn't publicly traded? If so, how do I go about doing this? + +EDIT/UPDATE: Thanks for the feedback, everyone! To clarify: 1) yes, they're indeed RSUs and not options, and 2) I just asked the company and confirmed that the unvested portions are indeed forfeit due to me being laid off. + +Sounds like the latter part is "normal" as far as these things go, but IMHO it's pretty bullshit that companies can effectively retroactively pull back their employees compensation without the employee voluntarily leaving or being fired for cause; it seems like a massive perverse incentive for employers to be able to hand out equity as compensation and then revoke it by laying off the employee before it vests just because they couldn't get their own fucking act together as a business. But I guess that's just classic late-stage capitalism for you. Ugh. + +If I take one lesson from this, it's that equity in anything that isn't a publicly traded company is basically monopoly money. +*Edit: Please understand this post is supposed to be ironic. The point of it is to show that the platitude of "no one can beat the market" is completely wrong, but not in a way that offers a useful portfolio allocation in itself. It is just an exposition of a counter-example in which beating the market is fairly likely. But this counter-example is not necessarily a good / bad thing to do. It is pretty much equivalent to the market itself.* + +I've heard it time and time again. It is very hard to outperform the index, or even worse, "no one has outperformed the index" even though there are numerous examples where this is false. + +So I have for you a way to outperform an index, let's say the SP500, with a 78% chance. + +How does it work? Well, a google search provides that: "according to S&P Dow Jones Indices, only **22%** of the stocks in the S&P 500 outperformed the index itself from 2000 to 2020". + +So how to fail? Pick 1 stock out of the SP500 and make that your portfolio. This will not have a high success rate as you are 22% likely to win. This also shows why concentrated investors will not have a good chance of outperformance. + +However, what will win? Do the opposite approach. Create your own SP499 (of course weighted appropriately). What do I mean? + +Start with SP500 weighted accordingly. Pick 1 stock to exclude from the SP500. With this cash from the 1 stock sale, allocate the extra cash to your portfolio according to its current stock weights. Basically you will beat the SP500 if your excluded stock fails to beat the SP500. + +**Congrats, now in the future, 78% of you will be able to say that "I beat the index".** + +&#x200B; + +I know this sort of proves the ol' "hard to beat the index" adage as most investors tend to be concentrated. + +Also you would only beat the index marginally whereas the handfuls that beat the index by being concentrated would most likely crush the index. So pros and cons. We can go further down the academic rabbit hole that implies diversification but who cares... + +As for that I would say: + +I do think beating the index can be skill based rather than luck based. I don't think I have seen a good counter argument to Warren Buffett's letter, "The Superinvestors of Graham-and-Doddsville": [https://www8.gsb.columbia.edu/articles/columbia-business/superinvestors](https://www8.gsb.columbia.edu/articles/columbia-business/superinvestors) + +I do also agree with Warren that it is especially hard to beat the index when excessive fees are charged. + +EDIT: This isn't a recommendation! I'm not saying this is necessarily smart! Unless you make a side bet with someone who thinks you can't beat an index. + +TL;DR: Don't read. Nothing worthwhile. Just some thoughts. +Uberā€™s CEO Travis Kalanick recently said that when Tesla Motorsā€™ vehicles become fully autonomous, he is interested in buying every one of them. + +The comments were relayed by venture capitalist Steve Jurvetson during last monthā€™s Top 10 Tech Trends dinner, as reported by Charged EVs. Uber is a ride service that swaps fleet-owned taxis and professional drivers for crowd-sourced drivers who use their own car to chauffer passengers. + +According to Jurvetson, in a recent conversation Kalanick told him that ā€œin 2020, if Teslaā€™s cars are autonomous, heā€™d want to buy all of them.ā€ + +http://www.hybridcars.com/uber-wants-to-buy-all-self-driving-teslas-in-2020/ +Title says it all: +registered shares ā‰  infinity pool shares + +Thereā€™s a lot of ongoing dogma being circulated like, ā€œYou canā€™t sell your DRSā€™d sharesā€ or ā€œOnly DRS the shares you want to add to the infinity poolā€, and since there are lots of new apes joining every day I want to make things perfectly clear + +**1) DRS 100% your shares, it is the only form on control we have in this uphill battle** + +**2) You *are* allowed to sell the shares you DRS, they are not locked away for good** + +**3) The choice to contribute to the infinity pool is *optional*** + +**4) If anyone tells you that you cannot sell registered shares, itā€™s FUD** + +**5) DRS even more shares** + +Now there are plenty of OG apes that will get their dicks in a knot at the thought of any less than 690% of the float being added to the infinity pool, but this isnā€™t about them. This post is for the new apes and for the apes on the fence about whether or not to DRS + +The gist of the matter is - +If you can DRS your shares, you *should* +There is absolutely *no downside* and every share is important + +At the end of the day, they are still your shares, and you chose what happens to them. But thereā€™s only one way apes can make this rocket take off, and you all are a key part in that process + +**D**o it +**R**egister +**S**hares + +^(Disclaimer: This is not financial advice. Anything you see here should not be performed without the aid of an adult. Also, Ken can eat shit and chug my balls.) +Iā€™m pretty sure that they havenā€™t coverd shit, in fact i think they are more short by nowšŸ˜… + +I also think the cash infusion back in January was to be able to extend their short position ( kick the can down the road ) and not for covering any shorts. + +If thatā€™s not the case, it cost them ~ 3B$ to cover up 8% of the total shorts of around 130% at that time. And by that sent the share price up 1500%. + +And now the available reports say there is 18% short, so what happend to the other 100% shorts in the past 2 months?šŸ˜… + +And i believe melvin capital will be margin called at a share price of about ~ 440$ a share for GME. + +(( Edit )) + +Well this is getting downvotes like crazyšŸ˜… maybe this stupid swedish ape finally on too something šŸ¤©šŸ˜‚šŸ¦ +I did the maths the other day. With what I have invested so far life-changing money is not even on the table. Even if btc hits 1mil I'll still be going to work. Which I don't mind I'm not here for life changing money. But it made me curious as to how many of you are actually expecting to get massive gains after Only throwing in a 100 or a 1000 to btc and waiting for a 10x + +Yeah it's cool to get the gains but the word about us being early just isn't true for most of the casual investors + + +Edit: I'm not saying it's impossible to make money from investing in btc we all know it's gonna go up I'm just saying we have to be honest with ourselves about the amount of gains we will make +I'm in the Eurozone and as we know, rates are well below zero. I can get a 10 year fixed mortgage for 0.6%. As a result, house prices are almost prohibitive. + +Is this a good time to get in with a 10 year, or better wait and get cheaper prices with higher rates? +Hey everyone I am eyeing my first deal. I am meeting with an attorney next week to put together a purchase agreement. This is a FSBO duplex in a midwest college town. I want to know what your thoughts are on this deal? Please critique my numbers and if you like the spreadsheet go ahead and make a copy of it for yourself. Looking forward to seeing what you all think. I know many of you will suggest setting aside for property management, but I plan to manage all of my properties. Thanks in advance for your comments! + +&#x200B; + +[https://docs.google.com/spreadsheets/d/1nhQlURBQftsWEOMQNjOEPhqJFh\_LfDOg7NmzO4eRXBk/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1nhQlURBQftsWEOMQNjOEPhqJFh_LfDOg7NmzO4eRXBk/edit?usp=sharing) +I was wondering what yā€™allā€™s thoughts were on Proctor and Gamble. They have a $ 3.48 annual dividend and the yield is about 2.6%. The stock right now is $134.12 and I was wondering what a good buy in point would be. Based on what I have looked at, this seems like a pretty good point to buy in at, and they have so many different brands that they also seem pretty recession proof. +Ok so Iā€™ve been investing for about a year now and correct me if Iā€™m wrong but Iā€™ve noticed shipping dividends are crazy high, for instance I have ZIM & STBK and they have grown a lot and their divis are through the roof. Is this sketch or am I just lucky? +**Disclosure:** + +I don't recommend this stock very often since it is my employer, I have worked there since I was 17, and I am a manager with access to material nonpublic information about the company. However, I feel like the price has been beaten down to a point where I see it as downright ridiculous. I own a significant number of shares in the company, and have been a shareholder since I was 19. Nobody currently employed by the company knows who I am, nor have I been asked by the company to make this post. I am absolutely not doing this with the consent of home office. They have no idea, and were not consulted. [Here](https://m1.finance/w9dXpMGFVaBd) is my portfolio for complete transparency. + +This post is solely my opinion. Don't base your life off of just my opinion. If lawyers are reading this, insert the word allegedly wherever applicable. + +&#x200B; + +**Unbiased description from Seeking Alpha:** + +Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The companyā€™s Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services. The companyā€™s gift shops comprise various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items. As of September 15, 2021, it operated 664 Cracker Barrel stores in 45 states. The company was founded in 1969 and is headquartered in Lebanon, Tennessee. + +&#x200B; + +**Why I am bullish:** + +Cracker Barrel is, in my opinion, the only restaurant chain that has been able to successfully build a moat around itself. I see it as the only restaurant company that meets Warren Buffett's investing style. + +&#x200B; + +**Fundamentals**: + +The fundamentals of the business are strong. Compared to 99% of restaurants, I would say Cracker Barrel has a superior business model. Each location is designed to generate a significant amount of cashflow, far superior to most other restaurants. The average Cracker Barrel revenues around $85,000 -$90,000 per week. Approximately 80% comes from the restaurant, 20% from the retail (we dislike the term gift shop). While much is said about the food Cracker Barrel serves, the company's main source of profit is actually the retail business. The exact breakdown is information I am not allowed to disclose, but I will say that the restaurant generates enough cash flow to cover all the business's overhead. This means that when it comes to retail, take that revenue, subtract the average cost of goods sold (usually \~55%), subtract the cost of labor and the rest of that is pure profit. + +&#x200B; + +**How management works:** + +From a management perspective, the restaurant and retail are managed for the most part as separate businesses. The average store employs around 120 people. 6 are management. Each store employs 4 Associate Restaurant Managers, 1 retail manager, and 1 General Manager. 100% of General Managers are promoted associate managers. The average GM earns a six figure income. Managers are contracted to work 50 hours per week (5 ten hour shifts) if restaurant, and 45 hours per week (5 nine hour shifts) if retail. In addition, each store employs 1 person known as the Employee Training Coordinator (ETC). A full time hourly employee whose sole job is to handle all onboarding, training, and retention of new hires, allowing management to focus on running the business. Most ETCs are training to become managers. + +As there are no franchises (and thus no franchise owners), the management structure must be vertically integrated. The company utilizes a matrix leadership structure, where the retail and restaurant halves of the business are managed separately. There are 20 Regional Vice Presidents (Also known as RVPs. Executives who are classified as Section 16 Officers under SEC regulations. 10 Restaurant, 10 retail) who indirectly oversee all company owned stores. Below them are a number of District Managers, who serve as the core of Cracker Barrel's middle management. District Managers (or DMs) are usually promoted retail managers or General Managers who have been appointed by an RVP to oversee a group of stores. DMs are issued company vehicles as they are on the road, visiting their stores. DMs hire both store managers and the ETC for each location. A restaurant DM will oversee between 5-10 stores (usually \~7. 10 is extremely rare.) based on their experience and abilities. A retail DM will oversee between 5-12 stores (9 is the most common number I have seen). + +The majority of managers are internally promoted (I am included in that group). Most of the executive team started out at the store level. Unlike other restaurant chains, Cracker Barrel treats becoming a manager as a real, you need training profession. All new managers must fly to the company's headquarters in Lebanon, Tennessee, where they will spend 8 weeks living in a hotel owned by the company, and will spend their days absolutely immersed in the logistics and specifics of managing a Cracker Barrel location. Speaking from personal experience here. It is not fun. However, it does produce the intended effect of generating highly trained management which do generate results better than other restaurant chains, evidenced by the company's average revenue by location being far higher than virtually all other casual dining chains, while still having lower average prices. + +&#x200B; + +**Why I think the stock is undervalued**. + +It is no secret CBRL has significantly underperformed the market, with the stock being down approximately 20% from where it was 5 years ago. Prior to the pandemic, Cracker Barrel share price hovered around the $150-160 price range. At the time of my writing this, current share price is hovering just below $120 a share. To explain this phenomena requires looking at the numbers. + +Revenue wise, sales are overall flat from where they were five years ago. While they were increasing prior to the pandemic, 2020 saw a dramatic downturn in foot traffic due to the slowdown in travel. According to the company's own data, around 40% of patrons are travellers. While sales in most stores have returned to normal (with many stores being up sales wise since 2020), it is the stores in locations hardest hit by pandemic travel restrictions which are bringing down the entire average lot. As travelling is continuing to pick up, these lagging stores in tourist heavy areas are finally beginning to return to normal operations. + +While revenue is flat, profitability is actually 25% higher than where it was 5 years ago. This is because the retail segment of the business has continued to grow year over year faster than the restaurant segment, producing a higher profit margin. Revenue has not changed by a significant amount because the number one way you grow revenue as a restaurant is by opening new locations. Cracker Barrel has not been engaging in this practice due to conflicts with its largest shareholder, which brings me to my next point. + +**Biglari** + +Saddar Biglari is the single biggest reason Cracker Barrel's stock is the way it is. He is the company's largest shareholder since 2011, and owns around 8% of company stock. At his peak, he owned 19.999% (that is important). While I could spend an entire post talking about simply his efforts to own Cracker Barrel, here is the condensed version. + +Biglari owns a company called Biglari Capital Corp. It bought a bunch of Cracker Barrel a decade ago and tried to get Biglari on the board. The board rejected this because Biglari has a conflict of interest, being the CEO of Steak n Shake, which is arguably the single largest competitor to Cracker Barrel (it would be like the CEO of Lowe's trying to get on the board of Home Depot). Ever since, Biglari's ego has been so damaged he invokes share fight after share fight. His [latest letter](https://www.prnewswire.com/news-releases/biglari-capital-corp-issues-letter-to-shareholders-of-cracker-barrel-old-country-store-inc-301443792.html) reads like all the others. Coming off as a whiny child, with unrealistic expectations. The demands are more sinister when you remember he owns the company's largest competitor (he wants them to open 0 new stores. Target a 100% dividend payout ratio. It sounds like he wants the company to bankrupt itself). For a while the company attempted to work with him. Resolve things diplomatically. Late 2019, the company's attitude changed. The menu was overhauled in 2020, and the company has begun to open new stores again. In 2019, Cracker Barrel also acquired Maple Street Biscuit Company. A fast casual restaurant chain serving breakfast/brunch items. I've seen some of the sales numbers, and I think it is an amazing growth vehicle for the company moving forward. Especially considering how Cracker Barrel believes in keeping 100% of their profits, with no franchises. Maple Street locations have a higher profit margin than Cracker Barrel restaurants, and target a younger, upper middle class demographic. The food is too expensive for my taste, but it does taste good, and the sales numbers don't lie. The company plans to open over two dozen stores in FY2022. + +All of this has pissed off Biglari, who last year attempted once again to put two of his subordinates on the company's board of directors. Shareholders again rejected this. Biglari has been forced to sell off most of his shares to fund the operations of his failing business. As of right now, it appears like Cracker Barrel is the only reason Biglari Capital is not bankrupt. Up until a few months ago, it was actually pretty funny. I have not done the calculations recently, but before the market sell off, Biglari's 8.7% stake in CBRL was actually worth more than Biglari Capital's entire market cap. Meaning that the combined efforts of 25,000 employees across the several hundred Steak N Shake locations, and the various other restaurants, and miscellaneous businesses the company owned were all being valued by the market as having a negative market cap. + +The main reason I do not see Biglari as much of a concern is that while he has been playing a war of attrition with management for going on 10 years now, he has been losing. The most his efforts have caused is to create buying opportunities for shareholders, in addition to making the company actually give a significant dividend yield (though they were doing that before Biglari). + +**The future** + +Moving forward, I see a bright future ahead for Cracker Barrel. Even though this company somehow finds a way to make headlines only for horrible reasons, it still makes good money, and while it is by no means a perfect investment, or a risk free one, I think the price is simply too low to be realistically justified by any means. Even if Cracker Barrel never opened another name store, the Maple Street brand is still an excellent growth vehicle for the company, with management having plans to eventually open enough locations to constitute the majority of the company's restaurants. The Maple Street brand is also one capable of expanding internationally, especially into countries like Canada, the UK, and other places that like American food. + +Management is very dedicated to the dividend. I've met people very high up in the company, who actually do have influence over such things. They see the dividend as one of the most important methods of returning capital to shareholders, and have no plans to cut or suspend the dividend now that dining has reopened. + +As for debt. Cracker Barrel technically has no debt. It has a revolving credit facility. Basically it is how corporations that deal in consumable products are able to buy things with revenue they don't have yet. Think of it like the corporate version of a secured credit card. + +Do I recommend putting all your money in this stock. No. There is legitimate risk I am wrong here. Maybe I am too optimistic about the company, with my access to non-public sales data of individual locations. I am definitely not a neutral source of information on this security. But I also am totally buying more Cracker Barrel because I think any profitable restaurant with a market cap below its revenue is 100% oversold. Especially one that is continuing to grow, and has a growing profit margin, which is already higher than other restaurant chains. +I have no idea if this will mean anything but Iā€™ve been lurking the SEC page waiting to see if it would be cancelled again. + +Itā€™s been almost an hour since itā€™s started and no cancel yet. + +https://www.sec.gov/news/closedmeetings/2021/ssamtg060321.htm + +If anyone knows anything about this..feel free to let us know! +Hi PF, + +I am a 23 year old graduate working part time and I have just received a final payment of nearly $50,000 from a child investment plan that I didn't know about. I'm very lucky to have been given this and plan to spend it wisely. I'm currently weighing up options on what to do! + +What I think my options at the moment are, I can pay off my student debt completely to avoid interest (which is between %1.5-2 depending on the year) and invest or I can invest all my money except about $10,000 for an emergency fund. The second option also including me having mandatory repayments to my loan when I have a full time job but incurring the interest payments over the years. + +Also maybe an important factor I have to take into consideration is that I may be losing my part-time job because of shift cutting and I could potentially be going back to study again. + +Thanks for advice in advance. + +**Edit: Lump sum.** +**Thank you everyone for taking the time to write out your advice. Hearing these thoughts from other people definitely helps the situation. Instead of what some of you think and paying for a better education because I can't spell, I will probably pay off the loan in full. Debt free 2017!** +First off, happy holidays everyone! Iā€™m sure as we move into the new year most of us are thinking about some new positions to get into. Iā€™ve never personally owned a Leap and I think I want to take the leap and buy one. Iā€™m thinking apple 100c for jan 2024 for about 8,000 dollars. Is this a safe move after such a large Rally this year? What companies are you folks buying leaps on this year? Would love some opinions! +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. +In my early 20s, soon to graduate from uni, and really trying to pursue some passive side income. + +After some failed attempts, I'm finally about to launch the small tech startup I've been chipping away over the past year. The whole idea of earning passive income through this seems so doable yet so far away at the same time. + +For a bit of inspiration, what is your hands-free passive-income-generating side project, how much does it make, and what did the journey look like from day 0 to now? + +Curious to hear the successes (or failures)! +Final(ish) installment of the simple lifestage tips using US examples, this assumes you read [ELI18](https://www.reddit.com/r/personalfinance/comments/4tfc76/eli18_personal_finance_tips_for_young_adults_us/), [ELI22](https://www.reddit.com/r/personalfinance/comments/4tlqsd/eli22_personal_finance_tips_for_older_young/), and [ELI30](https://www.reddit.com/r/personalfinance/comments/4uoycd/eli30_personal_finance_tips_for_thirtysomething/). + +About the "ELI40" designation. While you can use this info before or after 40, employment income growth often starts to taper off then. If you have ~$50,000 or more in savings outside of retirement / house savings, put it to work for you. (You can put less to work; it just won't get much done.) Without trying to replicate /r/financialindependence, your options include: + +- [Rewritten for clarity] Let's first make sure your retirement funds are adequate. For example: to sustainably generate a median ~50k today's-dollars household income just from investments in your mid-60's, you'd need $1M+ in retirement assets. If at age 30 you (yourself, or household) have close to $100,000 in tax-advantaged retirement assets (401k, IRA, etc), you are on track for that $1M+. That's a lot for people who might have been in school longer, or had to repay loans. A checkpoint at age 40 is somewhere near $250,000. If you want that income but your savings are considerably lower, consider adjusting your retirement contributions before doing other types of investments. If you have different goals and assumptions, then your checkpoints would be different, and perhaps lower. + +- As you start [investing](https://www.reddit.com/r/personalfinance/wiki/investing) for shorter-term goals, you need to understand types of financial assets, types of income, and how they are taxed. Government and corporate [bonds](http://money.cnn.com/pf/money-essentials-bonds/) are loans that pay you interest and eventually return your principal, much like bank accounts or CDs. Equities aka [stocks](http://money.cnn.com/pf/money-essentials-stocks/) give you an ownership share in a private company, providing current income from [dividends](http://money.cnn.com/retirement/guide/investing_stocks.moneymag/index3.htm) as well as potential price appreciation. Each has its advantages. + +- Stocks and bonds pay current income, and have a resale value based on how the company is perceived for stocks, and what interest rates are doing for bonds; bonds lose value when interest rates rise. Stock prices changes up or down of 10% in a week and 50% in a year are common. Bonds are more stable; less than 10%/year is more typical. Stocks are usually valued more for their future price growth, called [capital gains](http://www.dummies.com/how-to/content/how-capital-gains-are-taxed.html), whereas bonds are valued for their income and stability. Stocks historically provide better overall returns than bonds, at higher risk. Not everybody is happy seeing the value of their stocks go down 20% for a while, but it's part of the deal. + +- You buy and sell shares of stock from people who want to do the opposite transaction. Who's right? Statistically, most people are [bad](http://www.marketwatch.com/story/individual-investors-are-destroying-their-wealth-2012-10-19) at buying and selling stocks. [Professional investors](http://www.marketwatch.com/story/almost-no-one-can-beat-the-market-2013-10-25) are not any better than average, either. Can you win trading stocks? Sure. You could be smart, or you could be lucky. But you probably won't be both over an extended period of time. If you want to try your luck, do it with a small percentage (~5%) of your investments. + +- We reduce our risk of being wrong by investing in [mutual funds](https://www.fidelity.com/learning-center/investment-products/mutual-funds/what-are-mutual-funds). We pay a fee to own shares of a fund that gains or loses value based on the stocks it owns. (There are also bond funds.) The funds that statistically offer the best gains at the lowest risk with the lowest cost are know as [index funds](http://www.marketwatch.com/story/4-things-you-might-not-know-about-index-funds-2015-08-26); these blindly invest in all shares meeting a given criteria, not trying to pick only "undervalued" stocks. It sounds crazy, but it works better than other alternatives, with [lower fees](http://www.schwab.com/public/schwab/investing/pricing_services/understanding_fees/portfolio_management), making [John Oliver ](https://www.youtube.com/watch?v=gvZSpET11ZY) happy. Lower fees always helps you. Investing in a few different index funds provides potential gains at lower risk of steep price drops. You create a [portfolio](http://www.investopedia.com/terms/p/portfolio.asp) of investments; the selection of investment types is determined by your [asset allocation](http://money.cnn.com/pf/money-essentials-asset-allocation/). The so-called [three-fund portfolio](https://www.bogleheads.org/wiki/Three-fund_portfolio) uses index funds of US stocks, international stocks, and bonds to provide high expected growth and lowest [volatility](https://en.wikipedia.org/wiki/Volatility_(finance)). The target date fund we introduced in ELI22 uses more stocks when you are younger to get better long-term growth, moving to bonds as you near retirement age to protect against large losses. + +- To invest this way, you open an account with Vanguard, Fidelity or Schwab as you would with an IRA, but you designate it as a taxable account. You give them money to invest it in your choice of index funds. There's no limit to this; you can invest hundreds of thousands of dollars this way. You don't try to [time the market](http://www.marketwatch.com/story/why-market-timing-doesnt-work-2013-10-23) by selling out based on market changes, because you are probably wrong about that. Your account will pay you dividends on a monthly, quarterly or annual basis, which will be reported as taxable income at a favorable tax rate. When you do decide you want the money for some other reason, you will sell some of your funds, and pay capital gains tax on the difference between what you paid for the fund and what you sell it for. This is also at favorable tax rates. + +And that's the basics of how to invest your spare cash in the stock market, where you can expect to make up to ~30% or lose up to ~15% of your money in any given year; the long-term average is usually about 6% after inflation, but it can take a decade to realize that average. There are many, many more aspects to consider, including how to save taxes with [capital losses](http://www.bankrate.com/finance/taxes/capital-losses-can-help-cut-your-tax-bill.aspx), how to be [tax-efficient](http://www.schwab.com/public/schwab/nn/articles/The-Importance-of-Tax-Efficient-Investing), and when to use [Exchange-Traded Funds](https://investor.vanguard.com/etf/). But you know enough to be make money (and be dangerous...) now. + +Financial assets are not the only thing you can invest in. Let's do a brief overview of the most popular alternative investment, that being real estate held for rental or resale. + +- Real estate provides current income as well as price appreciation (or loss) potential. Unlike financial investments, real estate has significant ongoing management and maintenance cost and effort, with some favorable tax treatment and [leverage](http://www.investopedia.com/articles/investing/073113/leverage-what-it-and-how-it-works.asp) potential to counterbalance that. + +- You invest in real estate by buying something that someone wants to sell. The hope is you choose wisely. You look for a property with either good rental income potential, or good resale potential. (Possibly both.) Note that this may not be the same as a house you might want to live in; it could be a cheaper multifamily building, for example. You provide a down payment and take out a loan as with a residential property, though your [financing](https://www.biggerpockets.com/real-estate-investing/financing) won't usually be as favorable in terms of down payment, credit and rates. You'll be responsible for the mortgage, taxes, insurance and repairs while you own it. Now for rental, you find renters who will pay you to live there on an ongoing basis, or for resale, you improve the property to make it more valuable for a quick profit on subsequent sale. + +- If you rent the property, you are a landlord, congratulations! There are many [legal responsibilities](https://www.legalzoom.com/articles/real-estate-series-part-ii-what-is-a-landlord-responsible-for) of being a landlord, in terms of how you decide who to rent to, how you handle maintenance, and what you can do regarding evictions. Many investors use a [property management](http://www.nolo.com/legal-encyclopedia/landlord-hire-property-management-company-29885.html) company to handle details of finding renters and managing the property, at a fee of perhaps 10% of rent. You will also have to pay for repairs (sometimes immediately), maintenance and your ongoing financing. Your rental income is taxable to you as Schedule E income, but you can deduct almost all of your costs, including interest, taxes, maintenance, management fees, etc. You also deduct [depreciation](http://www.investopedia.com/articles/investing/060815/how-rental-property-depreciation-works.asp), which means the tax code thinks your building is losing value, although you hope it is not. + +- When you resell the property, you hope that it has increased in price; you take this as [capital gains](http://homeguides.sfgate.com/capital-gains-rules-investment-property-1966.html) if you own the property for more than a year, or as business income if you are [flipping houses](http://www.bankrate.com/finance/money-guides/tax-consequences-of-flipping-real-estate-1.aspx). If you kept your down payment small and your rent covered your ongoing costs, it's possible to leverage a small down payment into a good ongoing return at low tax rate. You may even use your returns to invest in more rental property. The downside of real estate investment centers around the [tenants](http://www.moneycrashers.com/deal-with-bad-tenants/); they can miss payments, damage the property, or have to be evicted, which reduces your rate of return. + +- Note that it is possible to rent just a subset of a building; this is how you handle [renting out rooms](http://money.usnews.com/money/personal-finance/articles/2015/04/09/7-things-to-remember-before-renting-out-a-room) in your residence, for example. Many of the same income, tax and landlord consideration come into play. You take a deduction on the [expenses](http://www.nolo.com/legal-encyclopedia/tax-issues-when-renting-out-room-your-house.html) of the portion of the house you rent out. + +So, there we have a couple of alternatives for you to invest your hard-earned money. You could also [start your own business](https://www.sba.gov/starting-business/how-start-business/10-steps-starting-business), invest in [collectibles](https://www.thestreet.com/story/13269749/1/7-collectibles-that-arent-completely-worthless.html), make [peer-to-peer loans](http://www.marketwatch.com/story/why-income-investors-should-consider-peer-to-peer-lending-2015-12-29); lots of possibilities for self-study! Let's cover a few other topics that I seem to have promised along the way, or that seem like a good thing to cover in this issue: + +- [Selling your primary residence](http://www.investopedia.com/articles/mortgages-real-estate/08/home-seller-mistakes-selling-house.asp) is a complicated process, either taking your time and money, or the costs of real estate broker, who might then claim 5%+ of your sale price. You want to price the property correctly, negotiate the sales contract carefully, and figure out where you will go after the sale. You might even be making an offer on a new house [contingent on the sale](http://www.investopedia.com/articles/personal-finance/111513/home-sale-contingencies-what-buyers-and-sellers-need-know.asp) of the old one. The good news is that any gains on the sale of a primary residence are [free of capital gains taxes](https://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Tax-Aspects-of-Home-Ownership--Selling-a-Home/INF12035.html) up to $250,000 (or $500,00 for a couple). You could instead hold onto your old house and rent it for investment purposes, which means you lose that tax break. Since you probably didn't buy your house thinking it was an attractive [rental property](http://www.moneyunder30.com/why-your-house-is-not-an-investment), it may be too expensive to make this a good use of your money, though; your mortgage may also not allow you to do this legally. + +- Investing for college is another complicated topic. State-run [529 plans](http://www.savingforcollege.com/intro_to_529s/what-is-a-529-plan.php) allow college savings to accumulate tax-free as with an IRA, but with no a priori limit on contributions, so you can invest in these at any time. You can only use 529 plan balances to pay for higher education, so if your child/children don't go to college or don't need all the money because they chose a low-cost school, then you'll owe taxes and be penalized at 10% of any gains not used for education. 529 plans may provide breaks on state income taxes. There are various ways to optimize how 529 plans are treated in terms of FAFSA/ financial aid; for example, if a [grandparent](http://www.savingforcollege.com/grandparents/) establishes a 529 plan, then this is not counted as parental assets. 529's are not your only option; you could invest generically, perhaps using a [Roth IRA to pay for college expenses](http://www.marketwatch.com/story/3-reasons-to-use-a-roth-ira-to-save-for-college-2015-03-25) without paying taxes or penalties. + +Speaking of helping / being helped by family members, here are some general tips to be aware of regarding family transactions: + +- There is almost never any "[gift tax](http://www.nolo.com/legal-encyclopedia/the-federal-gift-tax.html)" on any transaction, either to giver or recipient, whether or not they exceed $14K annually. You just need to do more paperwork as the giver of over $14k gifts, and it may reduce your eventual $5M estate tax exemption. So, for most people, not an issue. Give freely, and receive without anxiety. + +- Inheritances have some [unique tax treatment](http://www.alllaw.com/articles/nolo/wills-trusts/must-pay-income-tax-inherited-money.html). You don't owe any federal taxes on inheritances of money or property. Free money...unless you are in one of the six states with an inheritance tax, but even then, you probably aren't affected. (Along with gifts, these are separate property even if the recipient is married.) If you receive a house or stock, the basis of the investment is the fair market value of the property at the time of death, which means you can sell these without owing taxes. If you [inherit a retirement plan](https://www.fidelity.com/retirement-ira/inherited-ira/learn-about-your-choices) like an IRA, then you will be taxed on distributions, though. + +- Sometimes we advise younger people to get a co-signer for apartments, cars and student loans. This is good for the person who you are co-signing for. For you? Not so much. Co-signing is actually a [huge risk](http://www.bankrate.com/finance/debt/reasons-not-to-co-sign-loan.aspx). You could be on the hook for $100,000 of student loans if your ungrateful child decides they don't want to repay them. Not fun. You should never co-sign for any amount that you wouldn't be comfortable gifting instead. + +This concludes the planned series; I hope you have enjoyed it. If there is enough demand for other topics, either more advanced ones (estate planning, establishing a corporation, "stupid tax tricks" like mega-back-door IRAs), or ways to deal with adversity (collections, defaults, bankruptcy, divorce, etc), let me know and maybe we can put something together. Thanks for your reading and comments, and best of luck to you! +It's honestly outrageous that the top bankers, billionaires and government officials have been recently ramping up their rhetoric against Crypto for absolutely no reason. I mean for fuck sake, central banks are going as far as to blame Crypto for a global financial crash that hasn't even happened yet. + +Earlier today, Elizabeth Warren said + +> Stablecoins pose risks to consumers & to our economy. Theyā€™re propping up one of the shadiest parts of the crypto world, DeFi, where consumers are least protected from getting scammed. Our regulators need to get serious about clamping down before it is too late. + +She wants to "clamp down" on Crypto for giving the average citizen the slightest amount of privacy while completely ignoring the fact that banks have been printing trillions of dollars out of thin air to give to billionaires as bailouts because of the bills SHE SIGNED. Not even a fifth of the US stimulus packages actually went to working people and families. + +They know they've fucked up the economy and people are already switching to better alternatives. No one wants to sit and watch while their money is being eroded because the banks' cant stop giving billionaires bailouts. + +DeFi isn't the one that poses a risk to consumers or the economy and DeFi didn't bring 60% of the current dollars in circulation out of thin air. This is honestly infuriating how low politicians and bankers can sink these days trying to scapegoat Crypto for their own failures. +Itā€™s difficult to compare Premium Bonds with other savings accounts, because Premium Bonds donā€™t pay interest. Closer to a lottery, they pay out using a complex system of prizes and you probably wonā€™t achieve the headline rate of 1.4%. + +To help with my own decision making, I wrote a short program to estimate the likely prizes, and Iā€™ve published this as a website - [https://premiumbondsprizes.com](https://premiumbondsprizes.com) \- in case itā€™s of use to anyone else. Thereā€™s another well-known calculator published by MSE but it seems to me that it doesnā€™t present the results in a particularly useful way. + +I should caveat that my system makes an important simplifying assumption. In reality, if one of your Ā£1 bonds wins a Ā£25 prize in a month, then that slightly reduces the likelihood of your other bonds also winning a Ā£25 prize in that same month. By ignoring this detail, my system estimates the probability of winning each possible prize for a given investment very quickly. This technique would not be suitable for calculating the chances of winning much larger prizes, but if youā€™re treating Premium Bonds as an investment rather than a lottery then youā€™re probably not interested in those larger prizes. + +So what have I found? + +**Unsurprisingly, Premium Bonds become a better investment the more you have to invest.** + +[Ā£1,000 for a year](https://premiumbondsprizes.com#1000) and you probably wonā€™t win anything at all - you need a little over [Ā£1,400](https://premiumbondsprizes.com/#1416) to have more than a 50% chance of winning at least the minimum prize of Ā£25 once a year. Increase your investment to [Ā£6,000](https://premiumbondsprizes.com/#6000) and you still have a 5% chance of winning nothing over a year, but now the median prize (that is, the prize youā€™ll win ā€œwith average luckā€) is Ā£75 and each year youā€™d have around a 10% chance of winning Ā£150 or more. + +**The more you invest, the more predictable your returns are.** + +Prizes are each a multiple of Ā£25, and so the median interest rate doesnā€™t necessarily increase as you increase your investment: for example the median return at [Ā£50,000](https://premiumbondsprizes.com/#50000) is 1.25%, the same as it was at Ā£6,000. Instead we need to look at how predictable your winnings will be: if you are in the least lucky 10% of investors, say, then at Ā£6,000 youā€™d earn at most 0.42% while at Ā£50,000 itā€™s 0.95%. + +**Even at the maximum investment of Ā£50,000, luck will play a big role.** + +This surprised me. Investing [Ā£50,000](https://premiumbondsprizes.com/#50000), thereā€™s still quite a range of possible returns: the unluckiest 10% of investors will earn at most Ā£475 over a year, while the luckiest 10% get at least Ā£850. So even if you invest a large amount, there isn't really a guarantee of getting a good return. You can invest more as a couple, or with accounts for children as well, and then range does close up a bit, and my calculator will estimate your returns up to [Ā£200,000](https://premiumbondsprizes.com/#200000). +7.5% inflation? So your USD lost 7.5% of its value? And your solution to this is to...convert your stocks/options into USD? Absolutely brilliant! + +&#x200B; + +Listen here you fucking genius, just today, NVDA jumped 9%, which means if you just invested into that stock you would have beat inflation AND made money. Just invest your entire net worth into a good stock for ONE day and bam, you beat inflation. Life goes back to normal. + +This is not DD, and it's not "financial advice"... + + this is common fucking sense +Needless to say my sibling and their partner are not good with money. For many reasons I am not able to have children myself so I would like to invest in my siblings child. If I put money into an account for the child I donā€™t want their parents to have access to it because I truly believe they will take ā€œloansā€ from it and just be too irresponsible to put the money back. + +I want the child to know about it so I can encourage them to invest some of their own pocket money and I will match every cent they put in themselves (as well as putting in regularly of course.) Am I able to make such an account without his parents gaining access? Thanks in advance. +Well... Hello again Frends, + +*For the first time in a while here is a non hype or meme related post by me to get you all jacked. I'm sure as hell RC and the board would nod this posts way as I regard all of you brothers as Quality Shareholders.* + +I've been digging into the terms "Loyal shareholders" & "Quality Shareholders". After all I'm sure 90% of the users here that aren't bots will stay on this rollercoaster ride for the long haul & don't intend on selling anytime soon. As well as the diamond balled shareholders here that wont be selling at all regardless of the price. + +Well lets take a look at some of the benefits offered to "Quality Shareholders" and how companies reward them and how the GameStop Board could reward true Diamond hands. I personally feel there is another potential kill switch hidden here for RC and the board for predatory short sellers. The list of kill shots is large but we've seen what institutions (and the DTCC) will do. + +&#x200B; + +[For those that can read, here's a book about us](https://preview.redd.it/ir2ciosuccu91.png?width=128&format=png&auto=webp&s=28273a0038e312e52448eaefab0a90a4dc60ba25) + +# What is a "Quality Shareholder"? + +*Anyone can buy stock in a public company, but not all shareholders are equally committed to a company's long-term success. In an increasingly fragmented financial world, shareholders' attitudes toward the companies in which they invest vary widely, from time horizon to conviction. Faced with indexers, short-term traders, and activists, it is more important than ever for businesses to ensure that their shareholders are dedicated to their missions. Today's companies need "quality shareholders," as Warren Buffett called those who "load up and stick around," or buy large stakes and hold for long periods.* + +&#x200B; + +[That's right Buffet said it \\"Companies need \\"Quality shareholders\\" and GME has the best of the best Diamond Handing their stock. ](https://preview.redd.it/blolfrh1dcu91.png?width=800&format=png&auto=webp&s=250042c54c869fac0eb5b330bc6c9e7ac46dc818) + +# Here is a breakdown from a wrinkly brained old man that worked under Buffet: + +[^(https://www.tuckerellis.com/webfiles/The%20Underappreciated%20Advantage%20of%20Attracting%20Long-term%2C%20Loyal%20Shareholders\_Northman%20and%20Lipsyc\_December%202020.pdf)](https://www.tuckerellis.com/webfiles/The%20Underappreciated%20Advantage%20of%20Attracting%20Long-term%2C%20Loyal%20Shareholders_Northman%20and%20Lipsyc_December%202020.pdf) + +Cunningham, a student of Berkshire Hathaway and Warren Buffett and a professor of law at George Washington School of Law, is a prolific and graceful writer. His argument is that a company benefits from attracting and keeping ā€œQuality Shareholdersā€ ā€” a term Buffett coined. + +Quality Shareholders are equally committed to a companyā€™s longterm success and typically invest more than short-term dollars into the business. In addition to concentrating much of their investments in a company and staying for the long haul, they offer careful analysis, calculated suggestions, and a long-term focus to improve the company. + +Quality Shareholders, Cunningham concludes, provide numerous comparative and competitive advantages for companies and their managers, including a longer runway to execute business strategy and a loyal cohort against adversity. Cunninghamā€™s research of public companies and their investors demonstrate the formidable benefits that attracting or becoming Quality Shareholders provide to companies and shareholders alike. + +# What do companies do for "Quality Investors"? + +**Well lets see what another company is doing for their (DRS) Directly Registered shareholders** + +&#x200B; + +[FREE SHARES FOR DRS SHAREHOLDERS!](https://preview.redd.it/m2u4ac5jhcu91.png?width=1096&format=png&auto=webp&s=f3712ccca97b934c571424bc5f0319866e0f36c3) + +**What does this do?** + +***Well for one this will push the ratio of DRS shareholders well ahead from a percentage of the float owned in investors own names!*** + +Here's this Air Liquide companies breakdown on how it works: + +[^(https://www.airliquide.com/stories/shareholding/what-difference-between-loyalty-bonus-and-free-share-attribution)](https://www.airliquide.com/stories/shareholding/what-difference-between-loyalty-bonus-and-free-share-attribution) + +*"Air Liquide also regularly issues free shares to all of its shareholders, whether they hold their shares through a financial establishment (intermediary registered) or directly with Air Liquide (direct registered). The Group distributes a portion of its retained earnings (past undistributed net profit) via this method.* + +*Patrick Renard, Head of Shareholder Services, was explaining this to you in video a few months ago:* + +*Unlike the loyalty bonus, for which you must fulfill certain requirements,* ***all Air Liquide Shareholders benefit from this scheme***\*. You simply have to hold Air Liquide shares on the date specified in the offer terms and conditions. The offer was made several times in the past on the basis of one share issued for every 10 shares held. Where the number of securities held is not a multiple of 10, a ā€œfractional rightsā€ payment will be made. This means that if the number of shares you hold is not a multiple of the attribution transaction, you will be receive a payment for the portion of the share that cannot be distributed , which will be paid in cash directly into your bank account.\* + +*Shareholders benefiting from the loyalty bonus will also enjoy a 10% bonus on their free share attribution.* + +*The free securities attributed have the same features as those they were issued from in terms of loyalty bonus, seniority, voting rights and dividend rights."* + +&#x200B; + +[Nothing beats free](https://preview.redd.it/1ozupiutkcu91.png?width=400&format=png&auto=webp&s=5fcb541492b4f1ed1ca0e21cde07eac447728fd5) + +Free shares for holding shares directly registered in your own name and being a long term shareholder?!? I like the sound of that! Much better than constant dilution that we've seen of other stocks Directors! Shares going to the investors that believed in the company! + +# Additional voting rights / Quality Voting: + +*"A new approach to shareholder voting designed to increase the voting power of long-term committed shareholders: adding votes to shares based on both long holding periods and high concentrations. Called quality voting, the approach would give more votes to corporate shares held in large amounts for long periods. Quality voting should be far less controversial than dual class share structures and would avoid the drawbacks of time-weighted plans. "* + +## Quality Voting + +Quality voting refines time-weighted voting to account not only for duration but conviction. That is, quality voting grants additional votes to shares owned for a long time in large stakes. + +The proxy for conviction is shares representing a substantial portion of a shareholdersā€™ portfolio, measured as a percentage of the shareholderā€™s total public company equity portfolio. For example, two votes per share could be granted to shareholders allocating between 1 percent and 5 percent of such a portfolio to the company and three votes per share to those allocating more than 5 percent. If tenured voting implicitly assumes that longer-held shares cast higher-quality votes, the hypothesis follows that shares owned by those with greater exposure will also have such merit. + +To adjust the previous illustration, suppose portfolio concentration is randomly distributed across durations. Combining duration with concentration, the short term unconcentrated cohort would remain entitled to 33 votes while the longest-holding and most-concentrated would enjoy 199 votes.Ā  The outcome of any vote would be determined by a fluid combination of shareholders boasting relatively longer durations and relatively higher concentrations. + +^(Reference for above:) + +[^(https://clsbluesky.law.columbia.edu/2019/11/21/quality-shareholder-voting/)](https://clsbluesky.law.columbia.edu/2019/11/21/quality-shareholder-voting/) + +**Who is this beautiful person preaching this?** + +&#x200B; + +[Lawrence A. Cunningham](https://preview.redd.it/o89kaamhjcu91.png?width=250&format=png&auto=webp&s=61ae1d739b08114e5eeae19ab0e704a5b531fc74) + +Apart from this beautiful man dripping with raw sex appeal he does have a great way around recommending ways companies can reward their "Quality Shareholders". It might be worth an AMA for many GameStop shareholders being long term Holders invested in the long term prospects of GameStop. u/PlatinumSparkles not sure if this will be something that you are open to looking at. + +&#x200B; + +[Peace out and see you all soon on the moon](https://preview.redd.it/p7a5nyozkcu91.png?width=1300&format=png&auto=webp&s=dd933cac99d8a6a4aa0b5af323ffa135cc76a996) +Hey fucko's, given its the weekend here is a discussion post on something that pops up on our Sub fairly frequently. + +&#x200B; + +When I read through all various posts and comments, it's fairly clear that we have a distinct for and against mentality towards Technical Analysis. + +Some swear by it, some call it all astrology and voodoo nonsense. + +I am interested to look at why.... + +&#x200B; + +**FOR:** + +&#x200B; + +Those in the **FOR** camp should see TA as a necessary and valuable aid in maximizing profits. + +In theory, they understand that TA is not necessarily the ability to predict the future, but rather an increased advantage on extrapolating future events from past ones. + +At its core, TA is about the behaviour of people. I genuinely think the biggest misconception is that TA is about price, but it is not. + +It is about volume, which is why OBV (on balance volume) is one of the key indicators. Volume is the key indicator of buyers and sellers emotional relationship to a ticker and therefore the basis of charting movement an patterns. + +However you slice it, there is a huge amount of data and research into charting patterns and the repeatability of those patterns. Whether the data is accurate or not depends largely on your ability to draw conclusion from it, which in turn depends largely on your ability to make sense of it. + +Learning about resistance, support, charting patterns, volume indicators, moving averages, reversal trends, buy/sell signals etc etc does take effort and time. + +Those willing to invest the time increase their knowledge base of market movements, which in turn promotes a greater understanding and awareness of cyclic sector rotation because the more you learn the more you begin to see the patterns developing. + +This in turn gives you a greater advantage in successfully identifying and trading your selections for a larger profit. + +&#x200B; + +**AGAINST:** + +Quite often the against argument is supported by people in the **FOR** who claim TA to be something its not. + +Chartists and TA traders can be their own worst enemy, creating indicators that don't exist to support their own conclusions, reading too heavily into nuanced factors and predicting from them or just lacking the ability to admit they got something completely wrong. + +TA is also no guarantee of anything. You can spend a lot of essentially redundant time chasing breakouts, waiting for something the indicators say will happen or going round in circles. + +TA can have a completely disconnected relationship to the actual stonk and the fundamentals, often flying in the face of good fundamental analysis. + +TA can lead you to make a lot of arrogant assumptions, therefore being a highly subjective method of trading. + +TA can encourage you to be wholly dependent on the charts only, ignoring many other key factors. + +&#x200B; + +&#x200B; + +**MY PERSONAL VIEW:** + +I am in the **FOR** camp regarding TA. + +For me, its about Decreasing risk and creating more opportunities. + +I think that a good trading and investing strategy encompasses a wholistic approach, to ignore one aspect of what you do leaves you vulnerable to making too many mistakes. + +TA should support FA and vice versa. + +Effective OBV scanning, identifying charts and stonks that look good from a technical point of view, exploring the Fundamentals thoroughly as to how that company has arrived at this point, making a yes/no decision then identifying a good entry point to buy and hold long term with high conviction, identifying rallies and re-tracings events as places to sell or accumulate has been by far and away the most profitable strategy for me. + +&#x200B; + +**FINAL THOUGHT:** + +&#x200B; + +Can you successfully trade of FA only? + +Absolutely + +Can you successfully trade of TA only? + +Yes, although in my view this is harder to achieve. + +&#x200B; + +&#x200B; + +**TLDR:** + +I think TA is a relevant and useful part of profitable trading and investing. + +Also, I wrote this sporadically through the week with a view towards posting today, so yes I am actually doing other shit with my weekend besides hitting up r/ASX_Bets or hitting refresh.... +Before I continue I would like to say this is LARGELY speculation, I in no way consider myself good at this kind of stuff ( I mean I'm a part of this group so that should say enough ) BUT I am bigly confident in my rationale in regards to this. + +Anyway, I'm pretty sure a LOT of ASX mining companies are set for lift off over the course of the next 3 years, something you retards probably already know but hear me out ok ? + +SO + +lets begin. + +&#x200B; + +Now we all can agree that electric vehicles are going to DOMINATE the auto industry over the course of the next few years, and were getting a nice little glimpse at what's to come. So lets talk about the obvious EV maker in the room. Tesla. + +These are the materials that Tesla need to produce 20million cars per year. + +**Graphite** \- 1,028,775 Tons + +**Nickel** \- 750,410 Tons + +**Lithium** \- 127,302 Tons + +**Copper** \- 1,820,000 Tons + +**Manganese** \- 20,811 Tons + +**Cobalt** \- 68,315 Tons + +**Aluminum** \- 3,380,000 Tons + +&#x200B; + +Now just imagine what those numbers will be once EVERY cunt and their dog wants to start making EV's. Maximum potential, Maximum tendies to be made. + +So what have I / am going to be doing over the course of the next few months ? go balls deep in mining companies that produce these materials, BUT not just any mining materials, no, more specifically ones that are specifically pushing their product to the EV market, and ones who are focusing on carbon neutral and just all round "eco-friendly" types. + +&#x200B; + +I'm still in process of looking for more companies in regards to some of these materials but here is what I have found so far. + +**Graphite - EGR ( EcoGraf ).** \- I'm fucking pumped for this one, These guys are focusing their attention towards the EV market, Carbon neutral AND there stock will be available to trade on the Frankfurt Stock exchange ( Under the symbol FMK I believe ) AND OTC over in the US of A. and we all know how those cunts behave when it comes to the stock market. + +Website - [https://www.ecograf.com.au/](https://www.ecograf.com.au/) + +**Lithium - VUL ( Vulcan Energy Resources ).** \- yeah yeah yeah I know this one has been "Pumped" already and I've seen the previous DD and you might think this one is over, but I would disagree and simply say its currently overvalued. I feel like I don't need explain what these guys are doing you already know, I just have a good feeling these guys will dominate when the time comes. Just wait until they start production. + +&#x200B; + +Website - [https://v-er.com/](https://v-er.com/) + +**Aluminum - AWC - ( Alumina ).** A focus on sustainability, World's largest supplier of alumina ( The stuff used to produce aluminum, they pay a dividend and their on sale right now, what more can I say ? + +&#x200B; + +Website - [https://www.aluminalimited.com/about-awac](https://www.aluminalimited.com/about-awac) + +&#x200B; + +Here are all the stocks you guys mentioned so far as of writing this. + + +**Graphite** : $TLG, $HZR, $MRC + +**Nickel** \- $NIC, $QPM + +**Lithium** \- $LKE, $INR + +**Copper** \- $LRS + +**Manganese** \- $EMN + +**Cobalt** \- $QPM + +**Aluminum** \- $FYI + +&#x200B; + +***For Batteries :*** $NVX + + +&#x200B; + +&#x200B; + +&#x200B; + +As for the rest, still need to do my DD and find some appropriate companies I wouldn't mind loosing my incredible fortune of $300 and a half pack of Winnie blues. + +Let me know what you guys think, and feel free to add any and all stocks that fit the criteria. + +If I haven't gone full retard then I will continue to post my findings, if what I said was dexie fueled gibberish and completely retarded then I will continue to lick paint off the walls and call it day. + +&#x200B; + +Obligatory "I'm not a financial advisor, take what I say with a grain of salt blah blah Rocket ship emoji diamond emoji hand emoji" + +&#x200B; + +Edit \* Yes I know I only added 3 stocks, I was hoping you lads would chime in with help discussing potential for the other 4. +the title pretty much sums it up. + +basically, most of my co-workers dont trust economics/economists because (i feel) they dont understand it fundamentally, but obviously i cant just say they are wrong becuase they dont understand. i have to be more convincing. but im only one-and-a-half courses into my desired economics degree, so i am by no means an expert myself. + +any help out there? +so someone said that one of the reasons crypto is risky is because the fed doesnt like it and they wont stop it from crashing but with stocks and gold for example they wont allow them to crash, they'll just print money and create artificial demand +Would having a larger population cause more costs than a usual single payer system or would it cause lower costs from the government having bigger bulk purchases? + (copied from wikipedia) + +* Step 1 ā€“ The power of [labor](https://en.wikipedia.org/wiki/Labour_economics) is broken down and wages fall. This is referred to as "wage repression" or "wage deflation" and is accomplished by [outsourcing](https://en.wikipedia.org/wiki/Outsourcing) and [offshoring](https://en.wikipedia.org/wiki/Offshoring) production. +* Step 2 ā€“ Corporate profitsā€”especially in the [financial sector](https://en.wikipedia.org/wiki/Financial_sector)ā€”increase, roughly in proportion to the degree to which wages fall in some sectors of the economy.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) For example, we can see this principle illustrated in the fact that 88% of corporate profit growth between the [dot-com bubble](https://en.wikipedia.org/wiki/Dot-com_bubble)'s peak in 2000 to the American [housing bubble](https://en.wikipedia.org/wiki/Subprime_mortgage_crisis)'s peak in 2007 derived from wage deflation.[\[5\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-5) \[link is broken\] +* Step 3 ā€“ In order to maintain the growth of profits catalyzed by wage deflation, it is necessary to sell or "supply" the market with more goods. +* Step 4 ā€“ However, increasing supply is increasingly problematic since "the demand" or the purchasers of goods often consist of the same population or labor pool whose wages have been repressed in step 1. In other words, by repressing wages the corporate forces working in congress with the [financial sector](https://en.wikipedia.org/wiki/Financial_sector) have also repressed the [buying power](https://en.wikipedia.org/wiki/Buying_power) of the [average consumer](https://en.wikipedia.org/wiki/Consumer), which prevents them from maintaining the growth in profits that was catalyzed by the deflation of wages. +* Step 5 ā€“ Credit markets are pumped-up in order to supply the average consumer with more capital or buying power without increasing wages/decreasing profits. For example, mortgages and credit cards are made available to individuals or to organizations whose income does not indicate that they will be able to pay back the money they are borrowing. The proliferation of [subprime mortgages](https://en.wikipedia.org/wiki/Subprime_mortgages) throughout the American market preceding the [Great Recession](https://en.wikipedia.org/wiki/Great_Recession) would be an example of this phenomenon.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +* Step 6 ā€“ These simultaneous and interconnected trendsā€”falling wages and rising debtā€”eventually manifest in a cascade of debt defaults.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +* Step 7 ā€“ These cascading defaults eventually manifest in an institutional failure. The failure of one institution or bank has a cascading effect on other banks which are owed money by the first bank in trouble, causing a [cascading failure](https://en.wikipedia.org/wiki/Cascading_failure)ā€”such as the cascading failure following the [bankruptcy of Lehman Brothers](https://en.wikipedia.org/wiki/Bankruptcy_of_Lehman_Brothers), or [Bear Stearns](https://en.wikipedia.org/wiki/Bear_Stearns) which led to the bailout of [AIG](https://en.wikipedia.org/wiki/AIG) and catalyzed the market failures which characterized the beginning of the Great Recession.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +* Step 8 ā€“ Assuming the economy in which the crisis began to unfold does not totally collapse, the locus of the crisis regains some competitive edge as the crisis spreads.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +* Step 9 ā€“ This geographic relocation cascades into its own process referred to as [accumulation by dispossession](https://en.wikipedia.org/wiki/Accumulation_by_dispossession). The crisis relocates itself geographically, beginning all over again while the site of its geographical origins begins taking steps towards recovery.[\[1\]](https://en.wikipedia.org/wiki/Internal_contradictions_of_capital_accumulation#cite_note-RSA-1) +I don't know what's a better term than "deserve", but the idea is this. In my head, if I earned $10 for doing X, whatever X may be, it is because I contributed to the society somewhere close to $10 in value. My question is, is this true? + +I mean, I know this is not always the case. For example, if I win $10 from a lottery, that doesn't mean that I contributed $10 worth of anything to the society, so I know it is not necessarily true. But I don't know how often it is the exception, and if there's a "litmus paper" for me to tell the difference. "That guy earned their money". "That guy didn't." + +Thank you in advanced. +It's possible for the government to make temporary taxes that are focused on parts of the economy that are overheating, and would have the added benefit of reducing the govt debt. It's kind of the reverse of helicopter money which can be effective for driving stimulus when the economy is weak. + +It seems like taxes could be more targeted and more useful than using rate hikes to control inflation. So what is the problem with it & why are rate hikes the main tool? Is it just really unpopular? +I live in Spain. + +My (25F) dad died when I was a teen and, bc he had a life insurance, I receive about 40kā‚¬ from it. My mother decided to put it in a conservative investment fund, and it made only a few hundreds in a span of some years. When the pandemic started, the money in the fund started to drop (I lost around 3-4k) and since I was already the owner of the money, bc I was 20+yo, I decided to withdraw the money, against the advice of the bank (I know maybe it wasn't the best decision but I was afraid bc that's my only financial cushion and the only thing I have left from my father, and bc I have some trouble trusting banks). + +Back to the present, I'm working at the moment and able to save part of my earning, about 500ā‚¬ a month. Right now I have about 20k left of that money, and it's in a savings account, so it's not invested at all. I would like to do something with the money bc I know I'm actually "loosing money" having it there bc of the inflation. I know nothing about investments and it's not enough money to buy a property and rent it (which I think that would be my best option once I have enough money). + +Could you pleeeaaase give me some advice about what to do with that money? I'd obviously like to make some profit out of it but I have no clue and no one to give me some knowledge advice about it. + +Sorry for the grammatical errors in advance, English is not my first language. + +Edit: Since it's important for the advices, my final goal is to own real state and be able to pay my own mortgage with my salary. Just as simple as that. + +thank you so so much for your help. I just want to clarify that, obviously, if I choose to invest in etf or any other stock involvement I would have to study how to do it and that's another whole story. Really appreciate any advice about this and know I will not jump into the crypto world right away, thanks for your concerns since I'm young and new with money but I am also quite conservative in that way :) +Hello from Greece. Hope this day finds you well! + +So... I have a challenge for myself. Iā€™m planning to live the next month using only the money I make from day trading. Grocery shopping, drinks with friends etc. I will start with 600 euros from my monthly salary and will be trading stocks using Degiro and/or cryptos using Bitstamp. Iā€™m not allowed to use any other money. I will keep an extra 50 euros, though, in case of an emergency. + +Some background. I have a little to none experience with trading. I have accounts on both platforms I mentioned above and although Iā€™m in the green with both, I believe I just stood lucky. The biggest portion of my monthly salary goes to a savingS account and I will do that again this month. + +&#x200B; + +Iā€˜m making this post only to see if there is anyone who wants updates on how this challenge is going. Also, some advises would be much appreciate. Thank you and sorry for my English. + +EDIT: Fuck coronavirus. +Hi guys, here's my situation: I'm an Italian citizen, living and working in Austria. I only pay taxes here, as I don't have any income or property in Italy. I've recently tried to open a trading account at Trade Republic and handed in my ID documents. Now they emailed me saying that they also need my Italian tax ID (codice fiscale). I was hesitant to give it to them, and told them that I only need to pay taxes on Austria, to which they responded: +"Because of regulatory reasons we can only use the Italian codice fiscale for transaction reporting.(...) According to MIFID II-Regulations we need the respective ID for all trades." + +So my question is: Is this a valid request from them? Has anyone experienced this before? +I would really like to prevent having to pay taxes twice or other cross-country tax issues. +I work as self-enployed programmer in Lithuania, not as a freelancer but more like a contractor, so all the income comes from abroad and then I do all the accounting. +Back in the days Revolut wasn't tracked by our goverment and you could literally receive money on revolut and file only small portions of income and keep major part of the money. But they changed that. +Technically can they track foreign bank account, if they are still in EU ofc. For example if I open an account in some Polish bank. Has anyone had similar experience and can share? + +Edit: +As far as I understand messing with taxes and avoiding them is more of a butthurt than opening a business + additional risks to get fined. Thank you folks for your answers and shared knowledge šŸ™ +I have around 20k euros in my emergency fund in RON (Romanian currency, since I live in Romania) in a savings account. My question is, does it make sense to have this in Euro instead? + +The biggest reason I've kept it in RON so far is that in this country very few banks offer saving accounts in Euros, in fact, most accounts that are non-RON have a 2 EUR/month fee. So essentially with my current bank, ING, I'd be losing money every month just for having it in Euro. + +Any thoughts? +Gross salary 84k +Net salary for (married and 2kids) +Belgium= 47k +Germany = 56K +Why this variation? Of course taxes but am I missing something else as well? +Also 84k in Belgium is not as easy to get as it is in Germany for same exp and similar job. Should then one leave BE and go to DE? + +Edit: I don't get any significant extra legal benefits like car phone Sodexo etc. Also the net covers the 13th salary, etc and all. + Also more important question or fact is the second part of op. It takes veryyyyy long time to get 80+ gross in Belgium than in Germany. +**Update (Jan 29, 2020)** + +I received my refund :) A helpful agent from Bunq looked into the issue again and noticed that the Colombian bank had sent them a new message saying the ATM did indeed malfunction. Perhaps it was because I sent the Colombian bank the video proof. + +&#x200B; + +I recently visited Colombia and tried withdrawing cash from an ATM. However, in my two attempts, I **received an error message** and **no cash or receipt was given**. I checked my banks app and saw that **I was charged for both withdrawals** (ā‚¬370 total). For the second withdrawal attempt, I recorded a video. + +I immediately tried disputing the transaction with Bunq (My dutch bank) and they told me that it wasn't possible. They said that in order for them to dispute a transaction, they need the Colombian bank to **investigate the ATM** and **provide a signed letter saying that they investigated**. Out of curiosity I contacted another non-digital bank I use and they said they would open the dispute immediately. + +I was quite shocked that they couldn't start the dispute and that I had to somehow get a bank in a foreign country to do what Bunq was asking (in a language I'm not proficient in). + +By this time I had left the country and had to make several long distance calls and explain to the Colombian bank in broken Spanish what had happened. After about 7 or 8 long painful calls I had miraculously reached their claims department and they said they would investigate the ATM and provide a letter. + +Lo and behold, they sent me a letter a few days later saying they investigated the ATM and found no issues during the date I used it. I sent the letter to Bunq thinking that they can now start the dispute, but they said that since the bank couldn't find a malfunction, they can't start a dispute, claiming it was a Mastercard policy. + +I sent both banks the video evidence showing that the ATM failed. Bunq said that the video doesn't prove anything since the letter states the ATM was functioning. I still haven't heard from the Colombian bank. + +Questions + +1. Does anyone have any experience with an ATM dispute? Is requiring this type of letter normal? +2. Any suggestions on what I should do next? +My family is probably not safe after posting this but it's certainly a perspective worth considering. + +**" House prices will only fall 5pc or move sideways. "** + +[Article in the comments or here.](https://www.afr.com/wealth/personal-finance/house-prices-will-not-fall-sharply-20200423-p54mj9) + +&#x200B; +I want to find somewhere to buy with a small yard for my dog +Doesnā€™t have to be amazing Iā€™m just looking to be secure and comfortable, luxury can come later but living in a derelict home might be a little depressing. Thereā€™s a fine line I suppose between ok and too far gone to live in without putting works in first (money I donā€™t have) + +Work in the city but wfh a lot so Iā€™m ok going out a bit further out however need a little yard for my dog + +As a female want to make sure Itā€™s not extremely shifty to live in the area. + +Any ideas on best areas to buy a little unit for my price with a yard for my dog to poop lolll + +Any advice would be amazing +Hi guys, I need a little bit of advice. + +I have about 10-15k worth of credit card debt that I ran up whilst at uni. Its all on cards that are now daft 30-40% and over the past 8 or so years I've had these debts I have only been treading water on them and I frankly do not know what to do. + +I earn 30k basic, however I'm off work with a mental health crisis. + +To complicate matters, I thought I'd start up a hobby business to get with some extra spending money, which has been fantastic, profitable and enjoyable that I want to scale up - Unfortunately its very cashflow intensive and I've got pretty much the last Ā£300 or so I have left over in my account going towards the business' fixed cost, plus I'm in the position where I have to borrow to afford stock (although I make a consist 30-50% profit upon). + +I'm reliant on my credit to get me through most months, which I then try and square up with profits from my business. But it is not a sensible cycle. + +I know what I should have done - Gone bankrupt years ago. + +The only thing stopping me, is my dreams of explaining my business. It is the ONLY thing that really keeps me going, but its so cashflow intensive and I need the abilities to lean into credit lines and of course, I cannot be a director if I go bankrupt. I wish I figured out that it was what I wanted to do with my life earlier so I could plan to get rid of this debt around my next + +I'm actually tempted to go the opposite of sensible, take a daft 40% loan towards stock and invest heavily towards my business as a do or die move - Including fixed costs and the loan, I'm looking at around Ā£600 p/m towards the business, however I would be in the position to gross at least Ā£1000 p/m profit, perhaps 2k p/m that could be put towards repayment towards the daft loan. + +A few consistent months of that and I'd be able to dig myself out I think, of course the downside would be if I didn't get sales for whatever reason and a couple of months would drive me to bankruptcy, but bankruptcy seems like the only feasible solution anyway, so what's the harm? + +&#x200B; + +Thank you for listening +**Hello all!** + +I am posting to bring to your attention an SEC filed on September 17, 2021: [DTCC-FICC GOV1161-21](https://www.dtcc.com/-/media/Files/pdf/2021/9/17/GOV1161-21PDF.PDF). We seem to have forgotten about these sus SEC filings, but don't despair, I haven't! This filing announces the following firms will be added as **SPONSORED MEMBERS** of the government securities division effective Sept 23, 2021, and **State Street Bank and Trust Company** will be the Sponsoring Member for these firms. + +* Goldman Sachs Funds, plc - Goldman Sachs US$ Liquid Reserves Fund +* Goldman Sachs Funds, plc - Goldman Sachs US$ Liquid Reserves Plus Fund +* Goldman Sachs Funds, plc - Goldman Sachs US$ Treasury Liquid Reserves Fund + +Given this is a DTCC-FICC SEC filing containing ā€˜Goldman Sachsā€™, ā€˜Liquidā€™, ā€˜Reserves Fundā€™ and ā€˜State Streetā€™ all in one document, I was skeptical and went digging. + +## **Goldman Sachs Asset Management website** +- It appears these firmsā€™ objectives are for [both capital preservation and income](https://www.gspcs.com/content/dam/gsam/pdfs/international/en/fund-literature/monthly-fund-update/mfui_ulrp_acc_en.pdf?sa=n). It's also interesting that their management team, [Global Liquidity Management Team](https://www.gsam.com/content/gsam/uk/en/liquidity-solutions/fund-center/fund-finder/goldman-sachs-us$-liquid-reserves-fund.html#activeTab=overview), has more than 30 years of liquidity management experience and $250 billion in assets under management. + +## **Bloombergā€™s websites** +* First, the firm's ticker price vary considerably relative to AUM. + + * [Goldman Sachs plc - US$ Treasury Liquid Reserves Fund](https://www.bloomberg.com/quote/GSUTLRI:ID) + + * Ticker: $1 + * AUM: 49,037,813,000 + + * [Goldman Sachs plc - US$ Liquid Reserves Fund](https://www.bloomberg.com/quote/GSULQTA:ID) + + * Ticker: $10,656.99 + * AUM: 29,815,030,000 + +* Second, one of these firms appears to be *way* over-leveraged and is super sus: [Goldman Sachs ā€“ PLC ā€“ GS US$ Liquid Reserves Plus Fund](https://www.bloomberg.com/quote/GSUSDIA:ID). Two of its holdings account for 727.76% of the fund! Both of which are under the ticker symbol ā€˜JTDB 0ā€™ + + * Ticker: $10,501.38 + * AUM: $1,304,589,000 + * JTDB 0 09/21/21 (BQ009469:COR: % of Fund 421.80%) + * JTDB 0 09/13/21 (BP933995:COR % of Fund 306.06%) + +* A quick google search for ā€˜JTDB 0ā€™ revealed another Goldman Sachs firm appears to be over-leveraged with the same investment: [Goldman Sachs plc ā€“ Sterling Liquid Reserves Plus Fund](https://www.bloomberg.com/quote/GSSLRIA:ID) + + * Ticker: $10,162.69 + * AUM: $31,896,000 + * JTDB 0 10/04/21 (BQ259925:COR % of Fund 448.95%) + * JTDB 0 09/21/21 (BQ009469:COR: % of Fund 212.52%) + +## But it's not just Goldman Sachs +* [T Rowe Price Ultra Short-Term Bond Fund](https://www.bloomberg.com/quote/TRZWX:US) seems to also be invested, but at a much more modest and reasonable amount of 2.93% of their fund. + + * Ticker: $5.09 + * AUM: 5,303,935,000 + * JTDB 0 09/21/21 (BQ009469:COR: % of Fund 1.81%) + * JTDB 0 09/13/21 (BQ259925:COR: % of Fund 1.12%) + +* As well as [PIMCO Global Managed Asset Allocation Portolio](https://www.bloomberg.com/quote/VPVGMVV:US), with ā€˜JTDB 0ā€™ account for 6.7% of their fund. + + * Ticker: $12.57 + * AUM: 456,797,000 + * JTDB 0 09/21/21 (BQ009469:COR: % of Fund 6.7%) + +## So, what is ā€˜JTDB 0ā€™? + +* Japanese Bonds +* Here are some similar bonds with differing dates. + * [JTDB 0 01/28/19](https://cbonds.com/bonds/470691/) + * [JTDB 0 11/29/21](https://cbonds.com/bonds/1116541/) + * [JDB 0.1 09/20/21](https://cbonds.com/bonds/249469/) - This one may be the same as the above firm in question ā€˜JTDB 0 09/21/21ā€™ but I canā€™t seem to confirm the ticker identity. + +## **TLDR** +I am posting this to get more eyes on recent DTCC-FICC filings announcing the sponsoring of sus firms that involve Goldman Sachs and State Street. Moreover, there appears to be some odd investments within these liquid reserve funds, specifically ā€˜JTDB 0 09/21/21ā€™, which appears to be a Japanese Domestic Bond that account for >700% of Goldman Sachs Liquid Reserves Plus Fund and Sterling Liquid Reserves Plus Fund. The significance of this is unclear but I was hoping to bring this to peopleā€™s attention to see if this reflects looming liquidation by Goldman Sachs or some other firms. + +Buy. Hodl. DRS! + +*edits for formatting +-eye catching title +Hello guys, I'm interested in investing a modest sum in cryptocurrencies. I used to play with Dogecoin and ended up converting it all to Ethereum yesterday. I've already read quite a bit about the differences in architecture but I still require some convincing to bet my disposable income on it. + +How is this any different from the tulip mania, and any other kind of speculative bubble? +Like the title says, I finally found a job, and Iā€™m working towards getting rid of about 40k of debt. (24 in school loans, 9 in credit cards, and 4 of personal/familial loans). + +Hilariously enough, it wasnā€™t even a job that I had applied for in my last ā€œapplied for 24 jobs postā€. I got it though a connection I made. He took a chance on me, and I thank him for this opportunity (silently) all the time. + +I work at a car shop now, and sure, Iā€™m emotionally and physically exhausted, but I know it wonā€™t last forever. The learning curve is steep, and I donā€™t get breaks, but I get to learn something new everyday. + +I just went to my company Christmas party, and apparently everyone knows me now. They like me a lot Iā€™m told. + +I had a pretty bad day at work comparably, but Iā€™m only going to get better at it, itā€™ll get easier. + +Iā€™m trying my best, and you are all too. Iā€™m rooting for everyone, I just want to see things get better for you guys. + +Edit: you all can do it! I believe in you! ā¤ļøā¤ļø +thanks for all the kindness in the comments, youā€™re all so lovely. +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +Another day trading sideways, but what a lively day nonetheless! Apes continue to study the GME report, and it continues to provide solid evidence backing the thesis that GME is shorted beyond all reason, and that all that remains is for the short positions to be closed. Apes know that DRSing shares is the most effective way to ensure that the institutional shorts are not able to continue to kick the can down the road, and the pace of DRSing continues at a steady rate. Reverse-repo levels also remain very high, well ahead of the normal 'end-of-month' boost - will we see new records soon? + +Now that Evergrande has left stasis, the forcwe don't know exactly how widely their default is going to reach, there is little doubt that it will reverberate across all markets. + +Today is Thursday, October 21st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ© 120 minutes in: **$185.52 / 159,61 ā‚¬** *(volume: 1063)* +- šŸŸ© 115 minutes in: $185.20 / 159,34 ā‚¬ *(volume: 1057)* +- šŸŸ© 110 minutes in: $185.10 / 159,25 ā‚¬ *(volume: 1035)* +- šŸŸ„ 105 minutes in: $184.94 / 159,11 ā‚¬ *(volume: 1034)* +- šŸŸ„ 100 minutes in: $185.23 / 159,36 ā‚¬ *(volume: 1028)* +- šŸŸ„ 95 minutes in: $185.62 / 159,70 ā‚¬ *(volume: 1024)* +- šŸŸ© 90 minutes in: $185.85 / 159,90 ā‚¬ *(volume: 1003)* +- šŸŸ„ 85 minutes in: $185.60 / 159,69 ā‚¬ *(volume: 640)* +- šŸŸ© 80 minutes in: $186.08 / 160,10 ā‚¬ *(volume: 638)* +- šŸŸ© 75 minutes in: $184.78 / 158,97 ā‚¬ *(volume: 618)* +- šŸŸ© 70 minutes in: $184.66 / 158,88 ā‚¬ *(volume: 315)* +- šŸŸ© 65 minutes in: $184.65 / 158,86 ā‚¬ *(volume: 155)* +- šŸŸ„ 60 minutes in: $184.01 / 158,31 ā‚¬ *(volume: 141)* +- šŸŸ© 55 minutes in: $184.02 / 158,32 ā‚¬ *(volume: 130)* +- ā¬œ 50 minutes in: $183.98 / 158,29 ā‚¬ *(volume: 122)* +- šŸŸ„ 45 minutes in: $183.98 / 158,29 ā‚¬ *(volume: 122)* +- ā¬œ 40 minutes in: $184.01 / 158,31 ā‚¬ *(volume: 70)* +- šŸŸ„ 35 minutes in: $184.01 / 158,31 ā‚¬ *(volume: 70)* +- ā¬œ 30 minutes in: $184.04 / 158,34 ā‚¬ *(volume: 60)* +- ā¬œ 25 minutes in: $184.04 / 158,34 ā‚¬ *(volume: 47)* +- šŸŸ„ 20 minutes in: $184.04 / 158,34 ā‚¬ *(volume: 43)* +- šŸŸ„ 15 minutes in: $184.05 / 158,35 ā‚¬ *(volume: 41)* +- ā¬œ 10 minutes in: $184.11 / 158,40 ā‚¬ *(volume: 29)* +- šŸŸ© 5 minutes in: $184.11 / 158,40 ā‚¬ *(volume: 28)* +- šŸŸ„ 0 minutes in: $184.08 / 158,38 ā‚¬ *(volume: 27)* +- šŸŸ„ US close price: $184.52 / 158,75 ā‚¬ *($185.09 / 159,24 ā‚¬ after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1623. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +DiamantenhƤnde isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +- Go to school 12 years; +- Get a loan to pay university that you might take a lifetime to pay; +- Get a job 9-5; +- Get a loan to buy a house that you might take a lifetime to pay; +- Do a 401k or something similar in order to prepare your retirement; +- Pay your taxes and bills quietly; +- Give the extra 15$ that you spare per month to a bank, bankers are our friends and will make you earn good interests; + +But! Whatever you do, don't buy Bitcoin! Bitcoin is risky and volatile and it's used by criminals and terrorists and consumes almost all the energy of the world. You might lose all your money. It has no value whatsoever, it's backed by nothing and can't be used in anything. + +TL;DR: you might look the keys for your schakles all life long, only to find they were in your pocket since the beginning. + + +EDIT: Guys, this is a ironic post, thought it was pretty clear but saw in comments some people thinking otherwise. It was just a funny but true way of exposing how I think the world sees Bitcoin. And, of course, this is not financial advice. Want one advice? Never follow a stranger's advice. Love you all. Love, Crypto and Moass are the three things our planet is needing the most. +My gf and I are buying a used car at the weekend (17 plate). It will be our first car and comes with a 12 month warranty with option to extend it. + +I know I'm going to have to buy things like road tax, insurance, breakdown cover and later down the line MOT and servicing. Are there any other costs I'm missing? And is there a good way to get a good deal on any of these? + +Also, are there any 'hacks' (or even apps?) people use as a car owner to help find the best priced fuel, parking, trusted mechanic or anything else which will help keep a few more pennies in my pocket. + +And do I literally have to sit in the dealer carpark once I've bought it to register it with DVLA and look for the best insurance deal for us before I can even drive it home? + +Lastly, we are going 50/50 on it but she will be driving most of the time to work - who should be noted as the owner or registered keeper? And if it was her, would that stop me taking it to a garage and requesting work done to it? I'll be putting her as the primary driver for insurance. + +If there's anything I've not mentioned above, I probably don't know about it - so any help is much appreciated! + +Thank you! +It's getting annoying when people post screen shots of markets "bleeding red" only to actually look at the picture and everything is only down .5-1%..... or now with the Chinese markets..... at the time of posting, they're barely red and I'm already seeing posts about it. Chill tf out, you look like a bunch of spazzes. +I moved out of a shared place on the 13th September having spent 6 months at the address. I contacted the Landlady (who lived next door) about a week later requesting the deposit be returned. She said she had not been back in the house and would send it back in full once everything has been checked over. + +Another weeks later I asked again - She claimed to have still not been back though she asked for all the rent payments I had sent her - I assumed this would +mean it was being returned imminently and waited. The 3rd time I asked was on the 6th October (about 3 weeks after moving out) - this time she had added a charge of Ā£77.50 to the cleaning bill of the place, this is where we have the first problem. I cleaned the place on the day I moved out, though many of the cleaning things that had been locked in someone elseā€™s room during that day (vacuum cleaner brush etc) and I wasnā€™t able to clean as thoroughly as I could have. I offered to pay some money toward the bill as I also took issue over the fact I was going to be charged for the cleaning of communal areas, even though this isnā€™t entirely my responsibility. + +She rejected my offer so I opened a dispute with the TDS, hoping they would provide a final adjudication on what was owed to who. + +She got back to me the next day and complained that my rent was always paid late, and that I had not been paying bills. This seemed odd to me as she does not pay the bills, the occupiers of the house do and she has no input over who pays what. I had paid a few times, however she claims i shouldā€™ve been paying at least Ā£15 of gas and electricity per month. As for the rent, itā€™s clear on my bank statements a regular Standing order was set up for the 6th of each month, the day I moved into the house, she has never complained to me about rent payments. + +She said (quote) ā€˜Due to the seriousness of the offences I will be taking this matter to the county court.....you can explain yourself in front of the judgeā€™ - seems odd, small claims donā€™t usually involve hearings. + +So far she has still not paid any of my deposit, disputed or not. I have asked for an exact figure on how much is to be deducted. She wonā€™t give one. Iā€™m at a loss on whether sheā€™s even allowed to do this - the small claims is supposed to be a last resort. The TDS is free, and I have a claim ongoing there that she has not responded to. What do I do???? If she doesnā€™t respond to the TDS they should (?) give an automatic payout to me, but how would this affect a small claim and how do I ensure the money is returned? + +Also, I never signed a written agreement. This situation is one I have never encountered before. Please send help. + +UPDATE 22/10/2020 - She replied to my TDS claim after waiting the full 2 weeks. Nothing of value in there, just the fact that she withdrew her consent to use the ADR service. Unfortunately that means sheā€™s either going to make a court claim, or attempt to keep the money. In the email they sent it was noted she has 6 months to show evidence she is proceeding with the courts. I think considering the way sheā€™s gone about things so far that will mean sheā€™s going to take the full 6 months. Hopefully they will look down on her for that. Your help has been incredible, and with what sheā€™s done I think Iā€™ll be looking to make a Rent repayment order claim as she didnā€™t do a right to rent check or send me the how to rent booklet. Please let me know your thoughts. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Are we so insensitive we can't be open to new developments of our great company!? What does this sub stand for (only computer share? Yes DRS is the way!!!) Twitter comments? i personally dont even like twitter, the same NGL pretty funny 30-40 memes we've been seeing all this time, honestly one more bad kenny mayo joke and im going to shove the next bottle i find right up the old rick hole. Turning our backs on the literal company you are invested in that is NOT the way! + +&#x200B; + +There is more about this story than just locking the float, ryan has a vision and eventho there isnt much info that he communicates to us, he certainly is telling his investors to go and use HIS new product! + +&#x200B; + +I completly agree that NFTs right now and hell even crypto has no real use in the world right now, it does nothing at all besides being a financial instrument, we as the whole world will finally see a real use unfold for blockchain technology - a digital marketplace! sell your games, sell your items, get rich playing games and never get used or turned upside down by greedy game developers ever again! + +&#x200B; + +>Lmfao. Dumb NFT giveaways. Bruh. GameStop is literally asking us to beta test a product that could potentially be a catalyst for MOASS. In the last two weeks weā€™ve discovered that NFTs in GameStop wallets can be games. In a few months? Years? Hopefully NFT stock certificates. Blows my mind that there are some apes who donā€™t even participate in beta testing a GameStop product that weā€™ve been drooling over for the last year and some change. + +&#x200B; + +It does not have to be one or the other, we can have legit creators on this sub and amateur low quality on another sub, completely banning it from Superstonk is NOT the way! We will only isolate this sub further and further, it's the same as the FUD campaign we noticed against purple rings while obviously Ryan wants investors to go that route, now again it's clear what ryan ask of his shareholders and again theres this massive pushback against it. + +&#x200B; + +>"If his forces are united, separate them" - Sun Tzu I go to SUPERSTONK for news, entertainment, progress of the purple circle and all things $GME. + +&#x200B; + +There should be no monetization on this sub to discourage scammers and grifters, that way we can keep it clear and friendly, people from this sub should be excited to share their digital work for free because they know they're in good company and want to reach the right people to share their work. + +&#x200B; + +>The only reason ( that I'm personally making things and giving them away) is because it's this sub. And I'm giving them away to fellow holders. New sub? Lol I'm not making anything. Idk if they are holders or not so why would I go out of my way to keep making things and giving them away if it's not for my fellow holders ? + +&#x200B; + +Post flooding sub? bearly enough content to forum slide just about anything. + +I keep seeing this argument but if you frequent the sub you know this isn't a big deal at all, the DD is done, it's great when new DD comes out but it will never change: Buy - Hold - DRS. + +&#x200B; + +>This community only works with a variety of content. If it were literally all only purple rings or NFTs or memes it would either and die. My engagement comes from liking all the purple rings I see and commenting on other content and reading longer DD and similar high quality content posts. All of these are necessary. + +&#x200B; + +This is Gamestop turning the corner into a tech company and some of you reacting like there's some bad actors trying to destroy the sub, i suggest these people check themself because they're on the verge of borderline paranoia. + +&#x200B; + +I SAY YES TO THE CHAIRMAN AND YES TO HIS NEW PRODUCT - KEEP ALL NFTS ON THE SUB + +Regulate them, mod them, just like with any other thing that has happend in the past! + +&#x200B; + +>Stop with the FUD polls. Let the downvote system work and the sub to decide organically when these become things. +> +>The FUD polls are just shitting on NFTs like the rest of the internet and youā€™re doing a disservice to shareholders by hosting the polls. + +&#x200B; + +&#x200B; + +POWER TO THE PLAYERS! + +&#x200B; + +Disclaimer: I'm an idiot! + +Thanks to : + +[hellostarsailor](https://www.reddit.com/user/hellostarsailor/) + +[DutySpirited](https://www.reddit.com/user/DutySpirited/) + +[\_\_\_STOMPY\_\_\_](https://www.reddit.com/user/___STOMPY___/) + +[diamondsR4lever](https://www.reddit.com/user/diamondsR4lever/) + +[DutySpirited](https://www.reddit.com/user/DutySpirited/) + +&#x200B; + +Edit: Wurds +Ok here's the deal guys, this is, without a doubt, the most genuine chance at a moonshot I've seen in the last month. I know everyone talks about 100x, but I truly believe this token can do much higher than that! And I wouldn't be surprised if it happens in 12 hours post launch and then continues to thrive down the track. + +This launches on pancake swap in under an hour!! + +YouTube influencer already on board: https://www.youtube.com/watch?v=D9ZrWHX55lc +I'm usually a 0.1 to 0.4BNB kind of guy lol, but I'm throwing 2BNB on this bad boy and expect to make impressive gains. + +Why: +TriToken is basing their tokenomics around the number "3" (hence TriToken). + +It has a total token supply of 333 (yes you read that right...333 tokens in total!). + +A few days ago Demoon went 500x and it had 890 tokens! Plus TriToken looks more polished, better tokenomics, has a website and actually has a genuine team...the Telegram has an entirely different feel about it! I won't harp on but join the Telegram and you'll see how professional this is. + +The tokenomics are spot on. Due to their only being 333 tokens AND there also being a 3% distribution to holders on every transaction AND there also being a 3% burn ever transaction, this is one people will actually want to HODL. I mean, why sell? This is going to fly to 50x and beyond, I think, in no time. + +They have fully fledged marketing campaign. They already have an influencer locked in (over 11K subscribers on YouTube) and there more to come. They have unirocket being applied for and they reached 200 people in their Telegram group BEFORE the presale with zero marketing. CoinGecko and CoinMarketCap also planned. + +There is no "Safe" or "Elon" or cartoon character in sight...the team has actually spent great time to build this project for lucky holders to have a chance to hold a portion of the 333 tokens (which will only shrink with each transaction). This project will actually have a shot at making it! + +Enough blabber from me, but you can tell I have some exciting vibes from this project and for those who know me on here and on Telegram, they know that generally I pick pretty well. It would not surprise me if TriToken did 333x...not one little bit. + +More information: +Website: https://tritoken.finance/ +Telegram: https://t.me/TokenTri +Twitter: https://twitter.com/tri_token +Tokenomics Graphic: https://i.imgur.com/xIN1W5f.jpg + +Tokenomics: +There were originally 333 TriToken in existence...this will get lower and lower with each transaction. +Each on-chain TriToken transaction completed, 3% of the transaction amount is burned, and 3% is returned back to the holders! There will never be newly minted TriTokens! +Liquidity locked on DX Sales until 2033 + +Token Information: +Contract: 0x18782B1D35D377905368de4A18Ebad055594862D + +BSCScan: https://bscscan.com/address/0x18782B1D35D377905368de4A18Ebad055594862D + +PancakeSwap Trade: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x18782b1d35d377905368de4a18ebad055594862d + +Chart: https://poocoin.app/tokens/0x18782b1d35d377905368de4a18ebad055594862d + +Cheers! +Is anyone looking at investing in Puerto Rico? Home prices have fallen around 40% in the last decade due to an ongoing economic crisis there which was sadly exacerbated by Hurricane Maria. It seems many tax incentives have been introduced to attract investment to the island. For example: no capital gains, no income tax on rental income, etc. + + +I visited last April and there was still a lot of damage from the hurricane, but things seemed like they were improving. I would love to hear your opinion if you are from Puerto Rico, have invested or are thinking about investing there. +Where do you allocate/put your money after you have collected rent and need to set aside money for utilities, Capex, repairs, etc. + +Not sure that my phrasing is the clearest as i am not sure how to exactly ask, but how do you keep money set aside for things (utilities, Capex, repairs, etc. ) accounted for? + +When you budget every month and set a certain percentage aside for different items, where do you actually put the money (physically)? + +Do you have different accounts for different items and if you have multiple properties how do you keep track of what money goes to which property? +If this is the wrong subreddit for this kinda question, let me know. Looking at some land right now thatā€™s fairly cheap and just wondering if anyone has some suggestions for what I can look for online and in person when scoping out the land to decide if itā€™s crappy or not or may have issues in the soil. The price seems a lot lower than the surrounding parcels. +Another man down. Seems as though heā€™s deleted his account. I have no idea why. I always appreciated his wise words, even if he could be a little emo sometimes. Letā€™s all take a moment of silence for u/Vanguer and u/Supplyanddemandguy +FDA just approved lab grown meats for human consumption for the first time ever yesterday and can't help but think this could be a huge play towards the future of meat. Cruelty free, sustainable, and molecularly the same exact thing as real meat. + +Am I too open in my thinking that others would also gladly eat this? Only currently one public company on the market strictly doing this (STKH) and it has a paltry 24M market cap, so seeing a lot of room for growth. +Hello all! I recently have felt the urgency of my situation. So as it stands I'm 36 with no savings, no retirement, and a $16,100 personal loan (consolidating credit card debt), and $3,200 on a single credit card. Where the hell do I begin? I made a budget to track spending. Additionally, I currently make $70k /yr at my job. ANY advice is welcome... +Seriously.. short selling was literally not allowed today... + +I decided to post this because I noticed that lot of people on this sub are unaware of how exchanges such as NYSE, NASDAQ, etc. operate + +**Here are the facts:** + +* After the financial crisis, the SEC created rules to help protect long-term investors +* This was done to maintain investor confidence & to prevent large intra-day crashes + +**Don't believe me? See for yourself:** + +* [https://www.sec.gov/rules/final/2010/34-61595.pdf](https://www.sec.gov/rules/final/2010/34-61595.pdf) + +**I know you lazy fucks aren't going to read that, so let me summarize:** + +* If a security drops more than 10% in a day, a short sale circuit breaker is triggered +* The breaker lasts 2 days (current day through end of "next-day" trading session) +* The rule gives priority to long sellers and imposes an uptick rule on additional short sales +* An uptick rule means that to sell short, your "ask" must be at least 1 tick higher than the current "national best bid" + +**Here's a quote directly from the SEC document:** + +*"We believe it is appropriate at this time to adopt a short sale-related circuit breaker because, when triggered, it will prevent short selling, including potentially manipulative or abusive short selling, from driving down further the price of a security that has already experienced a significant intraday price decline, and will facilitate the ability of long sellers to sell first upon such a decline."* + +**Why is this important?** + +* Because price can't be driven down further for at least 2 days +* This usually leads to a rebound / reversal rally + +**Let's take a look at what happened to Tesla** + +* Tesla triggered the circuit breaker at 11:39 on Friday + +*Proof:* [https://www.nasdaqtrader.com/dynamic/symdir/shorthalts/shorthalts20200504.txt](https://www.nasdaqtrader.com/dynamic/symdir/shorthalts/shorthalts20200504.txt) + +https://preview.redd.it/6acn6f7mwuw41.png?width=413&format=png&auto=webp&s=33183220d4518cac36c60c1ed16365b0f01c3dfa + +**What was the price at 11:38?** + +* Approximately 700 + +https://preview.redd.it/ongs8yv7xuw41.png?width=610&format=png&auto=webp&s=086624c2c85a6c52638cce3700b607c47bda714e + +**Now let's take a look at what happened the rest of the day:** + +* Notice how it struggled to stay below that amount +* For put holders, always look to exit within the next 10-20 minutes after this triggers + * This will likely be your "max profit" + +https://preview.redd.it/ifx5d9ylxuw41.png?width=556&format=png&auto=webp&s=c35d86719342773c0ea3093fc93db25022d95a33 + +**Now what happened today?** + +* Tesla mooned to 769... 10% gain +* Without any downward pressure, the rebound easily gained momentum and continued throughout the day + +**Before you criticize me.. I'm fully aware that there are other rules / regulations that also play a role.. I just wanted to point out one of the reasons why Tesla mooned today..** + +If you want to beat the exchange, you need to understand every rule... inside and out +Hi everyone. Long time lurker and first-time poster here. I have seen many conversations about umbrella insurance on this subreddit before, mainly discussing amounts and prices. What you really should be paying attention to when comparing/purchasing an umbrella policy is the policy terms inside the actual contract. I will share a recent personal experience to show you all how vastly different and consequential these terms can be for policies that are all around the same price. + +I have my auto/home/umbrella all bundled with GEICO. I recently reviewed my umbrella policy terms and discovered that it does **NOT** cover me when driving a rental car. See the language in the exclusion section below: + +* Any motor vehicle, or series of motor vehicles: + * (a) regularly rented by an insured on a daily, weekly or monthly basis unless the motor vehicle is shown on the declarations of this Personal Umbrella Policy; or + +Secondly, GEICO umbrella advertises worldwide coverage, but the policy terms say: + +* "This policy applies to personal injury and property damage which take place anywhere in the world during the time this policy is in force, provided that suit is brought in the United States of America, its territories and possessions, or Canada." + +It is worth noting that my underlying GEICO auto insurance does cover a me in a rental car in the US/Canada, but that is 300k in coverage, not 300k + 3 million umbrella on top. I will also say that policy terms vary from state to state so this may be true for GEICO in my state but not yours. Read your own policy if you have GEICO. + +I went to an insurance broker and got quotes for two other reputable insurance companies that were a very similar price to my GEICO umbrella policy. Both of these companies cover rental cars and cover lawsuits filed anywhere in the world. In Europe, where your underlying US auto policy would typically not cover a rental car, both of these umbrella policies would cover a rental car. + +The one would cover only above your underlying primary limit so you would still be on the hook for claims from $1 to $300k before the umbrella policy kicks in. + +The other umbrella company will actually pay starting from the first dollar if your primary insurance doesn't cover you. Meaning if I got into an accident in Europe, my umbrella policy would cover 3 million dollars in liability starting from $1. Remember that your credit card's typical benefit only pays for damage to the vehicle itself (collision), not liability. + +You can find even more differences in things like renting boats, jet skis, ATVs, etc. Some umbrella policies cover it and others don't. The bottom line is most fatFIRE folks plan to travel to many different parts of the world and rent all sorts of forms of transportation. Getting an umbrella policy for a similar price that actually covers you is a no-brainer. + +**TL:DR** I would suggest that everyone go and review the terms of their own umbrella policies, paying particular attention to international and rental coverages. There may be extremely consequential exclusions that surprise you. Personal injury lawsuits can cost millions and ruin your fatFIRE dreams. The actual policy terms are perhaps more important than the overall insured amount. Don't assume you are covered in all situations. +So I was wondering what makes the Bloomberg terminal worth $20k, what can you do with it that you canā€™t find online. Basically Iā€™m asking why is it $20k? I have access to it as a finance student and as amazing as it is to have information on any company at the tip of your fingers, I donā€™t see how itā€™s worth $20k as all the information I find on it can be found by doing some searching. +First off I bet you are wondering how you could possibly have a DD post on a tweet. Well, the tweet in question is the one tweet from DFV that I believe he was trying to drop us a major hint on what he is looking at. But nobody here seemed to ever be able to decipher it. + +I believe I have deciphered it, and you won't believe what I found after months of pondering this tweet. This is not just simply confirmation bias. This is decoding the tweet and then researching what data we have to support it. + +[DFV Tweet 4\/9](https://preview.redd.it/ry2vy4qod6071.png?width=1500&format=png&auto=webp&s=fd5a55a8bc9c62e44a77a303d34dfd529527df16) + +# First, we will start off with the obvious. + +Edit: [But also first, I discovered something not so obvious. The cards shown are directly cropped from google images. However, I still believe they can mean something, and well if I'm wrong then at least you got to join me in tin foil hat land for a minute.](https://www.reddit.com/r/Superstonk/comments/mo1pfh/i_am_here_to_burst_your_bubble_analysing_dfvs/) + +On the table of cards already played (which represents the past), we have in the order they would have been played: + +Green reverse = Stonk rises + +2 = February + +2,4 = 24th + +WILD CARD = The definition of a wild card outside of UNO is, "a person or thing whose influence is unpredictable or whose qualities are uncertain." This could have several meanings in this context, but I'll leave that up to you. Read on later and help me decide. + +So what's the final message on the table? The stock had a large price rise on 2/24 due to the unknown entity (citadel/shorters I'm guessing), or outside force. I think this is an easy message to draw from this. + +# Next, we move onto the cards in the cat's hand. + +Edit: [It has come to my attention that this image was used in the cats hand. Therefore, the cards were not hand picked by DFV.](https://www.reddit.com/r/Superstonk/comments/ngoodu/dfvs_cat_uno_tweet_and_what_he_was_trying_to_tell/gys2o81?utm_source=share&utm_medium=web2x&context=3) + +I am pretty certain these are meant to be read left to right. So we have: + +\+21 = To me this clearly references the 21 FTD cycle as 2/24 mentioned in the cards already played was the first FTD reset and the 21 FTD cycle is one of the bigger things we look at on this sub. + +WILD CARD = Same meaning from above. Unknown entity influence (possibly Citadel/shorters) + +Now this is where I struggled for the longest time. Next, we have a 6 and a draw 4 (+4). I really think the simplest explanation is the best one here. I believe it literally means 6 + 4 = 10. I couldn't figure out why the number 10 for the longest time until I started playing around with the chart. Stay with me here. + +https://preview.redd.it/qmoreqqd76071.png?width=1098&format=png&auto=webp&s=ec0c0366247992faf94ab7cbf211810b8c26bdce + +The blue lines are the 21 day FTD cycle, and the orange lines are the 21+10 days. I believe DFV is pointing out the 21 day FTD cycle that ended/started on 2/24, and that on the 10th day after we had a huge hit down in price. + +What really makes this interesting, is the day DFV tweeted the cats playing UNO. + +**DFV tweeted the cats playing UNO on 4/9, the second time we hit the 21 day FTD cycle +10 days**. I believe he did so because he had a theory, and once proven gave us this massive cryptic hint. + +Also: + +[Look what else he posted on 4\/9 just before the cats playing UNO. \\"What do we say to the god of death?\\" \\"Not today\\"](https://preview.redd.it/5vrxppelu6071.png?width=601&format=png&auto=webp&s=cdb18a8d1ee30766089a85b6fca74d146e6fadd9) + +&#x200B; + +So this really got me thinking. What the hell is happening on these +10 days? + +They are all days we saw, relative to the time period, massive attacks on the price. Why would we see attacks on the price so periodically? Well, I believe it's to meet some kind of risk/capital/margin requirement by lowering the price so that the calculation isn't underwater. + +https://preview.redd.it/cm5dqotls6071.png?width=1097&format=png&auto=webp&s=4b8f60ce431b48363529cac6941ae5483c43b78e + +If we assume that the orange days are the days they need to meet risk requirements in order to avoid a margin call, then we can also assume that the lows on those days are the number they needed the stock at to avoid liquidation from too much risk. For shits and giggles, trending this, we get the pink line. + +# Which I found stunning that it plotted a straight line. + +The yellow line is the higher lows. This is where the support from retail buying and holding can be tracked. + +I find it frankly amazing that **the intersection of these two is right around 5/10 when we broke out of our major 5-month wedge** that I'm sure you've all heard about. Since then we have been stair-stepping upwards in a really nice way. + +My takeaway? **I believe the hedge funds have been overrun. They no longer have the capacity to keep the price down at the level they need in order to meet their risk requirements to avoid liquidation.** + +Now, I bet you are wondering what is the risk requirement they are needing to meet on these days. I am also wondering this myself, and I believe I may have an answer, but I am not well versed in the area of the trading matrix, and its rules and obligations. So I really would like to see if anyone can expand on this or has a different explanation. + +# The Liquidation Horizon + +There is one particular rule that I found about a 10-day Liquidation Horizon that is enforced by the [International Derivatives and Swaps Association (ISDA)](https://en.wikipedia.org/wiki/International_Swaps_and_Derivatives_Association). As the name suggests, this is an organization that facilitates and monitors derivative and swap transactions. ISDA has more than 925 members in 75 countries; its membership consists of derivatives dealers, service providers, and end-users. Googling Citadel and ISDA shows that Citadel definitely uses them, but beyond that, I'm a bit lost. + +**The Liquidation Horizon rule deals with Non-Cleared OTC Derivatives.** + +So firstly, What is a non-cleared OTC Derivative? + +[A derivative is a security with a price that is dependent upon or derived from one or more underlying assets.Ā Its value is determined by fluctuations in theĀ underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates, and market indexes.Ā Depending on where derivatives trade, they can be classified as over-the-counter or exchange-traded (listed).](https://www.investopedia.com/ask/answers/052815/what-overthecounter-derivative.asp) + +Non-Clearing simply means that a clearinghouse is not used for the transaction and therefore you can (from my understanding), for lack of better words, bounce checks. + +So to sum up, it's OTC transactions that are privately facilitated between both parties without the use of a clearinghouse. + +# Back to the Liquidation Horizon. + +These are some snippets [from here](http://assets.isda.org/media/7dd1c040/8cc1a146-pdf/), and the author points out some of the problems with the current 10-Day Horizon. Worth the full read. + +*" The BCBS-IOSCO guidelines (BCBS-IOSCO, 2015) define the Initial Margin requirement as an amount that ā€œcovers potential future exposure for the expected time between the last variable margin exchange and the liquidation of positions on the default of a counterpartyā€. It is further specified that the calculation of this potential future exposure ā€œshould reflect an extreme but plausible estimate of an increase in the value of the instrument that is consistent with a one-tailed 99% confidence interval over a 10-day horizon, based on historical data that incorporates a period of significant financial stress.* + +*The guidelines propose two methods for computing Initial Margin requirements for non-cleared derivatives. The first method, called the standard schedule approach, computes Initial Margin proportionally to the notional size of the contract, applying precalibrated weights linked to the type and maturity of each asset. These weights represent conservative estimates for the 10-day 99% loss quantile for a directional position in a typical index in each asset class.* + +*Regardless of how these weights have been calibrated, such an approach is clearly not risk-sensitive: it does not properly account for netting and hedging effects, nor does it distinguish between an at-the-money option from a deep out-of-the-money one. It therefore typically leads to an overestimation of margin requirements and, more importantly, as the level of Initial Margin does not vary proportionally with any reasonable risk measure of the position, it does not provide the correct risk management incentives to the counterparties. Presumably, its main purpose is to serve as a (costly) fallback option and motivate market participants to use the alternative internal model approach."* + +Options you say? Hmmm... last time I checked hedge funds were hiding their FTD's in options contracts because the question of where the underlying stocks are is never asked by the counter-party in the transaction. + +Another interesting quote is the one below. Could this also have to do with margin requirements with the banks? + +*"Although the choice of the internal model is left to market participants, the horizon of the calculation, sometimes designated as the margin period of risk (MPOR), is not: it is fixed to 10 days, which is twice the horizon used for centrally cleared swap contracts (5 days). The rationale for this choice can be traced back to the minimum risk horizon of 10 days used in the Fundamental Review of the Trading Book (FRTB) guidelines (BCBS, 2014) for the determination of bank capital requirements.* + +*As explicitly stated in the CFTC final rules: ā€œTo the extent that related capital rules which also mitigate counterparty credit risk similarly require a 10-day close-out period assumption, the Commissionā€™s view is that a 10-day close-out period assumption for margin purposes is appropriate.ā€ It is noteworthy that the referenced capital rules do not offer a rationale for the choice of a 10-day horizon. "* + +# Continuing on... + +*" As pointed out in (Avellaneda & Cont, 2013) and (Cont, 2015),* ***the appropriate closeout horizon for a position depends on the size of the position relative to the daily trading volume or, for an OTC contract, the typical trade size.*** *For example, if the size of the position is of the order of magnitude of a typical trade or less than, say, 10% of daily volume, it may be feasible to unwind it in a single day. On the other hand, if a market participant has accumulated a very large position in some instrument, corresponding to, say, 5 times the average daily trading volume, it may not be feasible to unwind it in 5 or even 10 days, whether or not this instrument is cleared by a CCP. So, the determinant of the liquidation horizon is not the ā€˜market liquidityā€™ of the asset viewed in isolation, but the size of the position relative to the market depth. Such examples of large concentrated positions are not hypothetical and have been associated with large liquidation losses in financial institutions (see e.g. Cont & Wagalath, 2016). "* + +Read that again, "***the appropriate closeout horizon for a position depends on the size of the position relative to the daily trading volume or, for an OTC contract, the typical trade size."*** + +Ya know, I kinda recall seeing a few posts about [low trade size in OTC markets](https://www.reddit.com/r/Superstonk/comments/n5qp96/ama_followup/)... /s + +[Courtesy of David Lauer himself](https://preview.redd.it/k38yriexm6071.png?width=1219&format=png&auto=webp&s=17a23251a3ad9f0e7ed4bed54a8b23485b3610f4) + +u/dlauer notes that the overall volume of OTC has not increased, however, the transaction size has dropped massively. **According to the calculation to determine OTC risk, the smaller the trades, the less margin requirement you will have.** + +So what happens when a party does not meet the requirement of the liquidation horizon calculation? + +*" When a clearing participant in a CCP defaults, the default management procedure requires the CCP to liquidate the position of the defaulted clearing participant, usually through an auction procedure. The liquidation horizon considered for IM calculations is supposed to correspond to the duration required for the CCP to take notice of the default and set up the auction process. The auction usually needs to take place in the week following the default event and the CCP does not have the option of retaining these positions beyond the liquidation horizon, as stipulated in the CCPā€™s default management procedure. Any market loss incurred on the positions of the defaulted member between the default date and the liquidation date thus flows to the CCP. Therefore, a measure of the market risk exposure of the memberā€™s portfolio over the liquidation horizon, for example using a 99% VaR or expected shortfall measure, seems a reasonable basis for quantifying the actual exposure of the CCP during closeout. Indeed, this approach is used by many CCPs for computing IM. "* + +I am going to have to cut this short as I could keep going down this rabbit hole longer, but I think I have shown some interesting things to think about. Again, I am not well versed in the gears that turn the machine, so please take the Liquidation Horizon thing with a grain of salt until more wrinkly-brained apes chime in. + +# Summary: + +Unfortunately, I am really unsure on how to wrap this up into a TLDR as the bit about the Liquidation Horizon is something I've just been looking into today. That being said, there does seem to be quite a bit of empirical evidence that backs up DFV's tweet, and the conjecture from the Liquidation Horizon does seem to back up David Lauer's data. I know it is a bit of a bland read in the second half, but trust me it's worth the read. + +It seems clear to me that Citadel and friends no longer have the ability to keep the price down enough in order to meet their margin requirements for their OTC derivatives. Therefore, they may be subject to liquidation of their options positions. + +I am completely open to *constructive* criticism and if anything in here is proven to be wrong, I will make edits as best as I can. I'm just some dude. + +Edit 1: For some extra tit-jacking, here is [Ryan Cohens Tweet from today.](https://twitter.com/ryancohen/status/1395047208748261379) A heart emoji. Also expressed as < 3, or in English, less than three. Less than 3 what, Ryan? Tradng Days? + +Tit-jacking edit 2: [Here is RC's tweet referencing 10 days.](https://www.reddit.com/r/Superstonk/comments/ngoodu/dfvs_cat_uno_tweet_and_what_he_was_trying_to_tell/gys6tey?utm_source=share&utm_medium=web2x&context=3) +Best excerpt from the article... + +ā€œ***Often, the first to the table gets the most lenient treatment, so it is smart to turn before others have the chance to.***ā€ + +[https://nypost.com/2022/12/14/sam-bankman-frieds-ex-caroline-ellison-likely-works-with-feds/?utm\_source=reddit.com](https://nypost.com/2022/12/14/sam-bankman-frieds-ex-caroline-ellison-likely-works-with-feds/?utm_source=reddit.com) + +As SBF rotts in detention until February, his ex may have lots of beans to spill with the SEC. And on that note, all I can say is... "**Squeal little piggy, squeal! And let's see who else this Ponzi scheme will bring down.**" Personally, I'm hoping they will implicate a bank or two, some greedy politicians and perhaps a SHF. + +# Let the games of blame BEGIN! + +**Edit :** Looks like **another piggy has squealed as well.** See below for excerpt from this additional article... + +"***Ryan Salame, co-chief executive of FTXā€™s Bahamas operating entity, informed the countryā€™s securities commission on November 9 that FTX customer funds had been used to cover losses at Alameda Research, according to Bahamian court records.***" + +[https://www.ft.com/content/921d0727-4c6e-48fd-a93b-5234940fe620](https://www.ft.com/content/921d0727-4c6e-48fd-a93b-5234940fe620) + +Which little piggy will be first to the blabber mouth trough to cut a deal with the SEC? Who knows! But stay stune for an update on OINK! OINK! TV. Same Piggy channel and same Piggy time. šŸ½šŸ’© +So I'm new to stocks and not really sure how they work. But I've got a question on dividends. To me it doesn't really seem worth it to buy stocks purely for the dividends. Games WOrkshop ( a miniature company) lists its stocks at around Ā£113, and its dividends are around Ā£0.45 and they give it out 4 times a year. so thats only like Ā£1.80 a year, it would take like 60 yrs to even break even with that. Even longer if you bought multiple shares. Wouldn't it just be better to keep the money and not buy the stock? Am I misunderstanding something important here? I've used Games Workshop as an example since its a company I'm familiar with and I understand the market far more than something like cars or pharmacuticals. + +EDIT : Thanks for these replies, I believe that I misunderstood stocks fundementaly and now know that dividends are mostly just the cherry on top. +I'm constantly blown away by how things are handled by šŸ¦s. + +This sub right here is how a true democracy works. The mods listen to us and do what's best for the community. No secret keeping, no bs, no FUD. Everyone has the same voice no matter the age/religion/race/gender etc. The total transparency of information is nothing like I have ever seen. + +I've been hodling since end of Jan, and have been talking about GME with everyone I meet pretty much. Just yesterday, one of my best friends who is Def a 100 times smarter than me has totally dismissed the points I was talking about, as if I've no idea what I'm saying... When we got to a point where he couldn't counter argue my points anymore, he said I'm getting emotional and shouldn't be like this when investing šŸ˜‚ I'm a retard, but I'm so sick of people not taking me seriously. + +I've been reading DD and learning about the stock market for hours each day for the last 4 months. I'd like to think I have a few wrinkles starting to form by now. + +Anyway, I just wanted to say a massive thanks to everyone who is a part of this community and I cannot wait to meet some of you after the MOASS. āœ‹šŸ’Žāœ‹šŸ’Ž + +The next few weeks will probably be quite challenging. + +Ignore the FUD! + +BUY. HODL. VOTE. NOTHING ELSE MATTERS! + +TO THE MOON šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸŒ’ + +Edit: thanks for all the awards and cake day wishes! +I just received this email, which on first glance (or possibly to less computer-savvy people) looks legitimate. One of the things that gives it away is the weird email signature, but it takes you to a website that mirrors the Chase website (the URL also gives it away, but again some people can be less computer savvy). I literally got this email a few minutes after having trouble placing an online order too, so the timing was impeccable. I sent screenshots to my best friend, and she agreed she knows people who would have fallen for it. + + +ALWAYS remember that your bank may text you for any weird charges ( it againā€¦.also easy to fake), but the best way to go about things is to call the 1-800-# on your physical card or go through the banking app. + +https://imgur.com/a/0OhbFd4 +&#x200B; + +https://preview.redd.it/sogqgdb0qqz61.jpg?width=1080&format=pjpg&auto=webp&s=8072484ebde2cd00c5b970115cb6c78e4f989799 + +The 4th Column is the Shares/Contracts they reported the PREVIOUS period. The 5th Column is what they are reporting TODAY. + +So they sold almost 200,000 shares - no more to dump and drive the price down. + +And they increased the number of Puts from 2.2M to 3.3M. Wow. + +The Calls are a hedge, and yes it increased too. But it is a hedge against their MAIN bet - all those Puts. + +And that is their big bet - that we will get bored and tired and impatient and walk away like the paperhanded fools they think we are. + +Kenny, you funny. +Posted in another sub and got a mixed bag of replies, so I thought asking here wouldn't hurt. + +My company's HR reached out to me yesterday to tell me they had mistakenly deposited both my pay and the pay of another employee with the same name. They said they could deduct the overage from my remaining checks for this year, but I said I would prefer if they reversed the deposit and then deposited the correct amount, and that I understood it would take longer because of the federal holiday yesterday and it being a weekend. + +Did I handle this correctly? Should I have done it differently? This has never happened to me before. + +Company and I are both in Wisconsin. +Anyone find themselves comparing, we all want to make the best decisions with our money but is it just me or do people get upset hearing, my parents donated me x amount for this, or massive inheritance where as it is going to take me 20 years to get a quarter of what some people are getting on a plate. +# 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 terms: Assets and Liabilities + +## What is an asset? + +Investopedia defines assets as ā€˜**resources** with economic value that an individual, corporation or country owns or controls with the expectation that it will provide a **future benefit**.ā€™ In other words: An asset can be anything that generates a **positive cashflow** by reducing expenses or improving sales. + +## What is a liability? + +Liabilities are **obligations** (often between two parties) that arise during the course of business. In general these obligations are **not yet completed** or paid for. + +## Examples + +Some examples for **assets**: + +* manufacturing equipment +* patents, trademarks, copyrights +* stocks, bonds + +Some examples for **liabilities**: + +* loans +* mortgages +* accounts payable +* unearned revenue + +## What do you thinkā€¦ + +Houses and cars are often mentioned as examples for assets.. and of course they can be if you e.g. rent them out.. But when looking at your personal financial statement / balance sheet they often become liabilities instead of assets. + +I really like the way Robert T. Kiyosaki explains assets and liabilities. In his words assets are things that put money into your pocket while liabilities pull money out of your pocket. When you e.g. look at real estate, it can be either an asset or a liability depending on whether it brings or loses money for you. + +What do you think about this way of defining assets and liabilities? Is there anything crucial missing with Kiyosakis definition or do you think it covers all important aspects of these terms (in a really simple way)? + +&#x200B; + +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; + +EDIT: + +I really appreciate your honest feedback and the discussion below. My goal was not to confuse anyone. I included Kiyosakis definition because I wanted to know how you think about it. For a beginner just as I am, his definition is really easy to understand and at the first look his explanaitions seems logic (probably just for people that don't have to much of a clue). But through the discussion below I learned that it's simply not right. And for all beginners that might still look at this post I encourage you to really have a look at the comments. There are many good thoughts, explanations and corrections in there! + +&#x200B; + +Links: + +Financial term of last week: [Profit](https://www.reddit.com/r/investing/comments/b0ygy9/financial_term_of_the_week_profit/?utm_source=share&utm_medium=web2x) + +Next financial term: to be done +Iā€™ve been trying to be reasonable with my personal finances for a while, but feel like Iā€™m missing something for optimizing my choices. + +Stats and facts: + +* 37M, $95k salary (+ ~13% bonus) +* Married, single income, 3 kids (7 and under) + + +Debts: + +* Mortgage: $132k @ 3.625% +* HELOC: $6800 @ 3.5% +* Student Loans: $11k @ 4.1% +* Own both vehicles (second vehicle will be paid off by end of year) + +Assets: + +* Cash: $55k (checking, savings, incl emergency fund) +* 401k: $140k +* Roth: $3600 (originally just a rollover, recently converted to a Roth with index funds) +* HSA: $3800 + +Company gives 4%, matches up to 4%, and I contribute 10% to my 401k (so 10% me, 8% company contributions). $140 per month goes into HSA, with minimal health expenses (deductible fully funded) + +As of right now, money accumulates in my checking account. My bonus has gone to savings to build it up, which has been accomplished. + +Basically, what next? Should I work on maxing out the 401k or the Roth (or the HSA)? What about overall saving versus emergency fund? Would the benefit of putting more in the Roth be the ability to withdraw my contributions as needed (not the earnings)? The Roth has nominally lower expense ratios vs the 401 (~0.5% vs 0.1%) + +Basically, Iā€™m a good way through the Prime Directive, just trying to make sure Iā€™m still making good choices. +I was rewarded 400 stock options from my employer. They are vesting over the coming 3 years and I was just wondering what would be the best strategy to monetize this reward without additional investments. I understand just possessing these stock options will not give me any income. The stock is rewarded at ā‚¬280. +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +The long-awaited inflation report is due out today, and Apes are ready to see just how fraudulent the system is. Will they report less than 5.5% inflation? Are they going to fudge the numbers to make things look okay for another month? It is plain to see that things are not well in economies across the world, in large part due to this kind of corruption. Regulators everywhere want the impending financial collapse to start on someone *else's* watch, and to be able to claim that it wasn't their fault. Sadly, this game of hot potato is just going to get hotter until it does start to collapse. + +While the regulators fear that day, Apes tend to look forward to that day. Many expect that when the markets sharply correct, the balance sheets of the SHFs will fall enough that they'll be margin called, forcing them to start closing their short $GME positions. While it is possible, it is not guaranteed. As long as these same institutions are able to hide their fails-to-deliver through crazy options contracts and borrowed shares, they'll be able to delay another day. The surest way to stop them is to DRS shares from the DTC vaults into Computershare. They cannot withstand the pressure that puts on them, and Apes continue to drive up the pressure. + +Today is Wednesday, October 13th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ© 120 minutes in: **$175.43 / 151,82 ā‚¬** *(volume: 635)* +- šŸŸ„ 115 minutes in: $175.04 / 151,49 ā‚¬ *(volume: 287)* +- ā¬œ 110 minutes in: $175.16 / 151,59 ā‚¬ *(volume: 281)* +- ā¬œ 105 minutes in: $175.16 / 151,59 ā‚¬ *(volume: 281)* +- šŸŸ„ 100 minutes in: $175.16 / 151,59 ā‚¬ *(volume: 279)* +- šŸŸ„ 95 minutes in: $175.17 / 151,60 ā‚¬ *(volume: 274)* +- šŸŸ„ 90 minutes in: $175.29 / 151,70 ā‚¬ *(volume: 274)* +- šŸŸ„ 85 minutes in: $175.43 / 151,82 ā‚¬ *(volume: 226)* +- šŸŸ© 80 minutes in: $175.46 / 151,85 ā‚¬ *(volume: 221)* +- šŸŸ„ 75 minutes in: $175.38 / 151,77 ā‚¬ *(volume: 216)* +- šŸŸ„ 70 minutes in: $176.37 / 152,64 ā‚¬ *(volume: 182)* +- šŸŸ© 65 minutes in: $177.17 / 153,32 ā‚¬ *(volume: 170)* +- šŸŸ„ 60 minutes in: $175.90 / 152,23 ā‚¬ *(volume: 170)* +- šŸŸ© 55 minutes in: $175.92 / 152,25 ā‚¬ *(volume: 170)* +- šŸŸ© 50 minutes in: $175.91 / 152,24 ā‚¬ *(volume: 169)* +- ā¬œ 45 minutes in: $175.90 / 152,23 ā‚¬ *(volume: 162)* +- šŸŸ„ 40 minutes in: $175.90 / 152,23 ā‚¬ *(volume: 138)* +- šŸŸ„ 35 minutes in: $175.91 / 152,24 ā‚¬ *(volume: 124)* +- šŸŸ© 30 minutes in: $175.92 / 152,25 ā‚¬ *(volume: 116)* +- ā¬œ 25 minutes in: $175.65 / 152,01 ā‚¬ *(volume: 116)* +- ā¬œ 20 minutes in: $175.65 / 152,01 ā‚¬ *(volume: 106)* +- šŸŸ„ 15 minutes in: $175.65 / 152,01 ā‚¬ *(volume: 103)* +- šŸŸ„ 10 minutes in: $175.92 / 152,25 ā‚¬ *(volume: 93)* +- šŸŸ„ 5 minutes in: $175.98 / 152,30 ā‚¬ *(volume: 73)* +- šŸŸ© 0 minutes in: $176.11 / 152,41 ā‚¬ *(volume: 58)* +- šŸŸ„ US close price: $175.82 / 152,16 ā‚¬ *($175.98 / 152,30 ā‚¬ 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 1.1555. 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) + +DiamantenhƤnde isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I've seen the recommended book list on the sidebar, but I'm curious if there are any books that help someone like me actually learn more of the math side of things (not related to trading). + +I'm learning Python and Machine Learning right now, but clearly lack some knowledge around math/algorithms. For example, I recently learned what the Monte Carlo Method is (and how to apply/example it in Python) and figure there are a lot more important algorithms to learn as well. + +Anyone know of some good work books (with problems/solutions) that I should look up? I'd love to dive into some deep math. :) + +Thank you. +These resources will help you understand alot about crypto. Check them out. + + 1. Tokentuber +---------------------------- + +Tokentuber is a video streaming platform making a concerted effort to better educate its audience on all things crypto. Itā€™s formed an alliance with a growing number of cryptocurrency exchanges toĀ integrate a quizĀ that pays users to demonstrate their knowledge of digital assets, and to be duly rewarded with tokens and a certificate of achievement. + +2. Cointelligence Academy +--------------------------------------------- + +In addition to providing unique market data on cryptocurrency exchanges and digital assets,Ā cointelligenceĀ runsĀ free weekly seminarsĀ on all things crypto. Sessions are broadcast live on Youtube every Thursday at 4pm UTC, with an advance schedule detailing forthcoming topics. Blockchain agnostic and about as impartial as it gets, Cointelligence Academy is well worth your time. + +3. Earn.com +---------------------- + +Earn.com, which was purchased by Coinbase in April 2018, has ramped up its crypto focus, with many of its incentivized tasks now relating to blockchain projects and rewards paid inĀ BTC. However, for the chance to grab more than just a few dollars of crypto at a time,Ā Earn at coinbase offers a range of cryptocurrency-specific courses with payment in the cryptocurrency for which the tutorial is based. + +For example, the course on DAI pays $20 worth of the stablecoin for the successful completion of all modules, while the course onĀ EOSĀ pays $50 ofĀ EOSĀ tokens. In most cases these rewards are spread across a number of lesson modules such as ā€˜Lesson 1: What is Dai?ā€™ ($2) and ā€˜Lesson 2: What is DAI used for?ā€™ ($2), so it will take time and effort to earn the full amount offered. Thatā€™s the bad news for anyone looking to earn crypto quick rather than treating the rewards as a learning bonus, but the site is currently offering up to $130 of payments across a number of tutorials and currencies, making it one of the most lucrative learning opportunities in the cryptosphere right now. + + + 4. Binance Academy +--------------------------------- + + the educational division of Binance, the largest cryptocurrency exchange by trading volume. Unlike Token Tuber,Ā BinanceĀ academy has not gamified this content to incentivize participation, but instead offers it as a free resource. Content has been sorted into five categories: blockchain, security, economics, tutorials and video, and is characterized by deep, original research complemented by clean presentation that aids learning. Another neat feature of Binance Academy is that every article comes with an estimated time to read as well as an audio transcript. The audio transcript is clearly computer generated, but the technology is sophisticated enough that the synthetic voice isnā€™t overly distracting. + + +5. Captain Bitcoin +----------------------------- + +Similar in concept to Token Tuber,Ā Captain BitcoinĀ hosts video content and offers financial rewards for the completion of designated tasks. In the case of Captain Bitcoin, those rewards are activated by a referral competition, boosting the profile of the site toward its target of 100k users before launch. Right now Captain Bitcoin is offering $15,000 inĀ BTCĀ for users who help to build the community as well as 1,000 captain tokens for each successful referral. + +In future, the site intends to give away $1,000 inĀ BTCĀ daily, with users qualifying by watching at least two videos every day. At the moment, the site is in its pre-launch phase, so it isnā€™t currently possible to stake a claim to the prize pot, since the required video content does not yet exist. As it stands, Captain Bitcoin remains an intriguing concept that could incentivize greater content engagement while boosting learning. + + +Conclusion. + +You need to learn much about this space to help you maximize the benefits in crypto. +Go through this resource to help you enrich your knowledge. +Edit: I am incredibly touched by everyone's generation to share their own experience and knowledge on this situation. Thank you to everyone, you've all made it so easy for me to go through this. Thank you +I've sent an email to my partner's HR with the template written below. Hoping to update you all later on with a positive outcome. Otherwise, I'll share in great detail for those unfortunate to be in my position. But to those who are and are waiting, a couple people have advised on looking into [https://www.gov.uk/bereavement-support-payment](https://www.gov.uk/bereavement-support-payment) for any financial help. Applying is very quick. I was denied initially (as we only lived together but there no legal binding between us) but was able to continue applying with the form that will be reviewed. I'll update on this too + + +Hi all + +Sad to say, my partner has recently passed away. we lived to the fullest the past year to which I disregarded our finances as I figured "I'll have time to catch up later on". Now that its later on, Im gathering out the paperwork. It's been about 2 months since he's passed and I've only just managed to get some energy to look into the aftermath. + +I'm aware he had death in service from his employer to which I'm the sole benificiary. They havent contacted me and as such I'll have to raise the query to them.He was on sick leave for most of the year and just before he passed, they put him on "leave of absense" - to avoid any follow ups on us for sick notes as he wasnt get paid or statutory pay anyway.With this leave of absense, does it take him of payroll and as such, negates the death in service benefit? + +In any case, can anyone advice me a message to write to th employer without seeming like im looking for the payout. As the last thing I fear is judgment (eventhough it shouldnt matter I know) + +TIA +Hedge funds are probably confused on why we donā€™t sell when itā€™s low and instead buy more. WE ARE RETARDED. I literally have my CAR in GameStop and I donā€™t fucking care. Please, bring it to $50, Iā€™ve been meaning to get my average price down even more. At the end of the day, it doesnā€™t cost me anything to hold. It costs them hefty interest and they have to go home every night to their ugly wives and explain why their fund is down billions everyday. I must be a bad car salesman because Iā€™m not selling shit šŸ’Ž šŸ™Œ + +Edit: thank you all for the awards but just go and buy GME instead ( not a financial advisor blah blah blah ) +Have a stable job, good deposit (110k) but have been looking at 2 bedroom apartments to invest in: Sydney. Itā€™s a pretty horrid time. After sacrificing massively on location, then aspect/floor plan then lastly quality - itā€™s still difficult to find something better than my current rental for what I can afford. Itā€™s pretty demoralising. + +Because itā€™s hard to find a property Iā€™d want to invest in, Iā€™m wondering what most of you do with your money. Iā€™m in stocks already and just wondering if itā€™s the best way forward. Feels like renting + investing is the way to enjoy my golden years. +Walked into the bottleo this afternoon and almost every carton of beer was $50 some $60 and these are the normal brands. The guys working said there was an increase in Feb. + +My question is, is alcohol one of those things the government will keep rising the price of like cigarettes with no end in sight? + + +With about a 5 minute phone call to the financial institution that manages my 401k, I was able to cash it all out WITH NO PENALTY!!! + +The usual restrictions and penalties for cashing out a 401k early have been temporarily lifted due to COVID. + +I got 100% of the value of my 401k in icky fiat dollars and bought bitcoin with the full amount. + +Obviously, I have to pay normal taxes on the 401k withdrawal, but I didn't have the stupid penalties that typically exist when you try to get YOUR OWN money from a government-regulated retirement account. + +So, I got rid of my increasingly decreasing fiat-based 401k and turned it into a new type of retirement account - a "401ā‚æ" + +Now I can do whatever I want with that money whenever I want to do it. Thanks for the loophole, Uncle Sam! +Hi everyone. My wife + I have hit the Ā£90k joint salary limit, and would therefore not be eligible for shared ownership flats in London; where it states joint applicants must earn under Ā£90k. + + +I'm considering asking my employers for a Ā£1 reduction in my official salary to get us below this Ā£90k limit. Our joint salary would them be Ā£89,999 per annum. + + +Is this crazy, has anyone done this before? Would this even work? Can't seem to find answers online +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. +Please explain this to someone with a little brain like myself. If I only sell spreads with 30-45 dte and if my credit is at least 1/3rd of the spread, why should I care what the delta or the theta, the IV, or all the other mumbo jumbo is if I have the direction right? "Make sure the IV is this, the Delta is that etc.." I mean after all, before entering the trade I already know what my max profit/loss is. Then why make things more complicated? +First time running a PMCC and I want to make sure I'm not running it in a bad environment with SPY. I'm looking at the SPY LEAP with a 1 year expiry and either the $400 strike w/ 0.75 delta or $380 strike w/ 0.8 delta. I'll be selling short dated calls against it 1-2 times a week at around 0.2 delta. I've read that you should buy the LEAP for the PMCC when IV is low but IV on Robinhood for both these LEAPs are around 25%. + +I want to do this because running a covered call is too expensive on SPY since I need 100 shares of the underlying stock so I wanted to have some long exposure to SPY and small weekly income from the short dated options without having the larger capital requirements for the collateral. +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. +There is nothing they can do except to drop the price and "scare" away folks from the stock. The fact that they keep repeating the same scare strategy to "lower" the price with no success must be absolutely morale shattering for them. This familiar tactic is weak, extremely desperate and overall pathetic... what are you going to do guys? Short it some more?? Okay lmayo. We'll buy it up! Thanks! + +There is no escape. You cannot get out. Hedgies r fuk. + +Buy and HODL! This is not financial advice do what you want. +I read the wiki here and follow the posts as well. Super interesting stuff. + +I am curious to know how have you folks distributed your entire folio across various categories like liquid, emergency funds, travel, dream house, etc. and different vehicles like FDs, SB Account, ETFs, Gold, Bonds, Stocks, etc. + +What's the percentage allocation in each bucket and what was the thought process behind that. + +I am also trying to collate ideas for myself by trying to identify various instruments and how everyone is structuring their finances. But this is secondary. +Don't know why this is not as widely advertised as it deserves. When registering NEFT payee, across banks, now the beneficiary name (with some letters masked) is automatically shown by some banks - IDFC for one. Basically, looks like the NEFT back bone has made this facility available, may be a recent maintenance window when NEFT was down might have added this. Or did it exist before? It feels so much secure when payee name comes automatically. Those pesky IFSC codes and account numbers - it's easy to make a mistake. (UPI eased it even further with VPA, but I'll come to that.) + +Not all banks seem to have taken benefit of this, though. I tried registering NEFT in RBL and they didn't show payee name. + +An aside. I do not know why there have to continue to exist so many different systems NEFT, IMPS, RTGS and UPI. Agree their evolution paths are different and a bit historical, but consumers just care about making a payment and there is no need of so many different mechanisms. Let fintechs and regulators worry about the mechanisms under the wraps, why bother the consumers with their nuances. + +For whatever reason if they are to be kept different, let them at least borrow good features of each other. For example nothing stopped NEFT from being 24 hours - which they did only recently, so late in NEFT's life cycle. Now UPI shows full payee name while NEFT shows only masked (though it has at least started showing). Will it take another few years for them to unmask that name like UPI now? + +Also, with so much use of technology, this thingy about having to register bank accounts for investments, for salary etc. should go away. The technology can verify whether PAN number (Adhar if you will) matches and treat that account as valid. The paperwork involved in registering accounts isn't achieving any extra security, because if someone were to succeed in faking a PAN, would go past these checks anyway. + +EDIT: After some experimentation found that whether masked name is shown or full name, depends on the payee bank. Some banks are masking some letters, some are showing full name. Further, full name is not visible for all accounts, again perhaps depends on the payee bank. +Don't know why this is not as widely advertised as it deserves. When registering NEFT payee, across banks, now the beneficiary name (with some letters masked) is automatically shown by some banks - IDFC for one. Basically, looks like the NEFT back bone has made this facility available, may be a recent maintenance window when NEFT was down might have added this. Or did it exist before? It feels so much secure when payee name comes automatically. Those pesky IFSC codes and account numbers - it's easy to make a mistake. (UPI eased it even further with VPA, but I'll come to that.) + +Not all banks seem to have taken benefit of this, though. I tried registering NEFT in RBL and they didn't show payee name. + +An aside. I do not know why there have to continue to exist so many different systems NEFT, IMPS, RTGS and UPI. Agree their evolution paths are different and a bit historical, but consumers just care about making a payment and there is no need of so many different mechanisms. Let fintechs and regulators worry about the mechanisms under the wraps, why bother the consumers with their nuances. + +For whatever reason if they are to be kept different, let them at least borrow good features of each other. For example nothing stopped NEFT from being 24 hours - which they did only recently, so late in NEFT's life cycle. Now UPI shows full payee name while NEFT shows only masked (though it has at least started showing). Will it take another few years for them to unmask that name like UPI now? + +Also, with so much use of technology, this thingy about having to register bank accounts for investments, for salary etc. should go away. The technology can verify whether PAN number (Adhar if you will) matches and treat that account as valid. The paperwork involved in registering accounts isn't achieving any extra security, because if someone were to succeed in faking a PAN, would go past these checks anyway. + +EDIT: After some experimentation found that whether masked name is shown or full name, depends on the payee bank. Some banks are masking some letters, some are showing full name. Further, full name is not visible for all accounts, again perhaps depends on the payee bank. +For a while now I have been wanting to build an algo that has multiple strategies available to it, letā€™s say a mean reversion strategy, mathematical models, etc. Then a neural network is fed in a series of market data including news, technical indicators, raw data, etc. and based off of this data it picks a strategy to use for the next X time period. If anyone has a collection of strategies that work only in certain market conditions and wants to join this effort let me know. +I bought a used car yesterday for 20 grand, with a down payment of 50%. The finance guy took a look at my credit and said that I only have 3 lines of credit and anyone could get a 772 credit history with that. By this time we were so tired and just wanted to get out so we went with the 5.9% interest APR but I feel like I was insulted and taken for a fool. I still have 3 days to return the car if I wanted to. My question is, does a high credit score not mean anything anymore? + +Other relevant(?) info: + +* 70k/year salary (I work part time but have high earning potential up to 100k if I pick up more hours) +* I had at least 9 years history of credit card usage (only 1 credit card, but I paid it off 100% on time +* One of these "credit history" started at 105k student loan that is now 35k after 1 year of payment. Does this not mean jack shit to the creditors? + +I could pay off this car loan in 3 months but I want to know if I was taken for a fool. + +Edit: Thank you guys for your advice. I went to the credit union office this morning and qualified for a 2.54% APR loan. This is a learning experience and I will not be this gullible in the future. +I know there are markets where itā€™s very difficult to cash flow such as California and New York.. but has anyone bought a mult and not cash flowed in anticipating cash flow a few years down the line maybe sooner? Did the results work in your favor or not? Please share your experience thank you... +I am an absentee home buyer. I visited the property and made an offer knowing the home had fallen out of escrow on the previous attempt to sell when roof/deck damage was found. I left and repairs began. I passed through town and by chance drove by the property. What was once a deck is now a roof. I was livid but conceded that the numbers still made sense. Yesterday I found out they don't intend on reinstalling the fireplace insert but will be leaving the chimney. + +I want the property but am not enjoying whatever you would call this bullshit. It's a sellers market and I know someone else would scoop this up in a heartbeat. + +Do I continue to be a doormat? I have earnest money in. There isn't another property that I can switch to. This took me over a year to find. + +It's an offmarket deal. My buying agent works for the listing agent so there's even more reason to be felt that I'm being taken advantage of. + +I'm filling out an addendum for repairs and credits now and feel that if I'm too aggressive the seller will drop me. +25yo Looking to buy and have 50k+ for a down payment, no debt, 200k+ annual income and ready to finally be out of an apartment since the space is incredibly limited. + +My "strategy" has been simple: + +- Save enough of a down payment for 10-20% +- Buy something that is only 25% or less of monthly take home +- Don't pretend to know what the market will do +- Buy + +**But I'm constantly being "lectured" by those older than me 50+ yo about timing the market** + +> *"you'd be an idiot to buy right now... the prices are gonna drop so low... you'll have a cheap house for prices like the 70s when everyone can't afford their house... its going to crash, just give it 2-4 years.... the worst thing to do is buy now"* + + +I just nod along and listen, but deep down am thinking: "i have absolutely no idea whats going to happen, and I can't predict it" + +I was almost confidence in the plan above because of that fact. But more and more I'm being told that I'd be dumb to buy, over and over. that its going to crash. + +Do I just tune it out, or do I have it all wrong? +How do you play support and resistance levels/zones? I see a lot of people say ā€œif I get a break of X support/resistance Iā€™m longing or shortingā€ + +Well every time I do this paper trading, the majority of the time the price deviates under or over that level for a bit before returning back to that original level of s/r instead of it being a clean breakdown. + +So my question is how do you play these zones and not get destroyed? I know position sizing and predetermined stops are important, but Iā€™m more so asking about how you determine entries. + +Edit: not sure why Iā€™m getting downvoted just asking a genuine question here +**Apparently not everyone seems to know this, but if you use Coinbase, you can switch to Coinbase Pro for free and enjoy lower fees there!** + +Afaik you can't stake on CB Pro, but you can buy and then transfer to regular Coinbase. + +&#x200B; + +**Edit**: Great tip from u/aladdinr for those concerned about the longer transfer times: + +>deposit fiat into the main Coinbase platform (allows you to transfer instantly without the wait period CB Pro has). +> +>Then transfer the fiat (free) to CB Pro. Buy on CB Pro. +> +>Then transfer back to main Coinbase to stake (or transfer to your personal wallet or do whatever you want with the crypto). + +&#x200B; +It gives me little faith in that those celebrating the price rise won't be freaking out in the inevitable market corrections that older hodlers are used to. +Celebrating buying houses, boats, flights home to see dad, all on the backs of newcomers adding small amounts of bitcoin to their holdings just seems wrong. +"Hey congrats on your 0.1 entry into the Bitcoin world. You should shoot for 1BTC, soon it will be out of reach" +"yay, next stop $10,000 and my new Tesla" +I get it, we can celebrate, but there are bigger and more substantial milestones to financial sovereignty than the getting rich quick culture that is potent here. + +Just some thoughts from an old subscriber. +[A year ago I wrote a list of 20 stocks](https://www.reddit.com/r/investing/comments/coz3u7/strike_it_big_stocks_for_the_next_decade_a/) I believed were high-risk/high-reward investments into new technology for the future. I figured it would be interesting to actually track their development, so here's where we stand now: + +|Ticker|2019-08-12|2020-01-07|2020-07-29|%| +|---------|----------|----------|----------|-------| +|GH|$98,63|$79,12|$84,15 |-15%| +|FLXN|$11,37|$20,00|$13,52 |19%| +|VRTX|$179,84|$224,03|$278,72 |55%| +|OMER|$18,41|$13,17|$13,71 |-26%| +|PCRX|$40,39|$43,87|$52,72 |31%| +|HXL|$79,89|$75,36|$39,85 |-50%| +|FMC|$85,57|$98,36|$108,32 |27%| +|MELI|$623,55|$606,55|$1.086,90 |74%| +|MSFT|$159,03|$135,79|$204,60 |29%| +|AMZN|$1.784,92|$1.902,88|$3.033,53 |70%| +|SHOP|$366,73|$413,33|$1.053,59 |187%| +|CRM|$140,72|$173,45|$193,61 |38%| +|SQ|$62,63|$62,57|$128,55 |105%| +|AYX|$131,08|$108,69|$172,27 |31%| +|PYPL|$102,72|$110,17|$184,60 |80%| +|TTD|$255,08|$277,91|$427,84 |68%| +|ZM|$92,16|$70,32|$252,39 |174%| +|MDB|$143,51|$140,50|$216,30 |51%| +|OKTA|$130,50|$123,43|$210,88 |62%| +|ZS|$83,21|$48,70|$126,97 |53%| +|TWLO|$131,49|$107,46|$264,62 |101%| + +Average return: 55% +Average return on "new tech": 6% +Average return on "efficient tech": 81% + +My comments: +I definitely did not expect the stocks would be this high after just one year. There is a clear divide between the "new tech" and the "efficient tech" type of companies though: the latter stocks expanded in valuations by a lot. The price to sales on some of them doubled. I'd approach these with caution - the market seems to be a little too exstatic about them, but on the other hand it seems like capital has nowhere else to go so I can't imagine the market abandoning the valuations anytime soon. + +On the other hand the "new tech" stocks moved largerly side-ways with two outliers - HXL running into Covid19 trouble as an aerospace supplier and VRTX posting impressive earnings and continuing to execute well on their plan. All in all the valuations of these companies remained sensible in contrast to the "efficient stocks". While these should be the higher risk stocks, they seem now like a more reasonable investment. + +Let's see what happens in one year! +I have always been a vocal advocate that the Motley Fool is close to a scam in the world of investment advice. Their recommendations don't work and they window-dress their mutual fund products by closing down underperforming mutual funds (survivorship bias). + +In [this article](https://www.fool.com/investing/dividends-income/2015/03/08/tips-treasury-inflation-protected-securities.aspx), The Motley Fool clearly doesn't understand how Treasury Inflation-Protected Securities (TIPS) work and overstates its protection against inflation to be twice of what it actually is: + +> Here's how it works: every month, the government releases the latest reading on the CPI. The Treasury then boosts the principal value of every TIPS issue by that same amount. Interest payments are calculated based on the changing inflation-adjusted principal value. For instance, say inflation **rose 1%** over the course of a given year. A bond initially issued for $1,000 would see its principal amount rise $10 to $1,010. If those bonds pay 1% interest **every six months**, then **the next interest payment would be $10.10** rather than $10, because of the boost from inflation. + +I have highlighted the error part. First, there is a minor error that the face value is adjusted by inflation, not the change of inflation. Second, there is a material error that the interest (coupon) payment is actually calculated based on a face value adjusted for the inflation **during the period equal to the payment frequency**, not "inflation over a given year". In the example, if inflation is 1% that year, then US Treasury will deem inflation to be only 0.5% for the six month period, and the interest payment will be only $10.05. + +I hope all fixed-income traders understand these products correctly and not misinformed by bad people. + +----------------------------------------------------------- + +Edit: Some good points brought up here by people. This afternoon I asked a specialized in this field for explanation. He told me I'm right and there are indeed some newer fixed income traders who can understand TIPS better. He informed me the US TIPS is just the way it is: semiannual coupon interest payments, and based on semiannual inflation rate. + +He said it is impossible to predict what will the US Treasury do if one day they decide to offer annual pay TIPS or monthly pay TIPS, and therefore it is too bold for me to assume their will use annual and monthly inflation for these hypothetical products that don't exist. He also said he has seen some foreign (non-US) inflation-indexed bonds that have payment intervals in one length and are based on the CPI in the period of a different length. + +For industry practitioners, an example that explains the mechanism of these products can be referenced in your level 1 curriculum volume 5 book's page 327: Exhibit 7 (Lemuria). +Salvadoran here!! + +President Bukele just announced that he is implementing a national wallet in September called ā€œchivoā€ (means cool in Salvadoran slang) + +The government is giving 30 usd to anyone that creates an account, by law you will have to accept BTC as a company... but the wallet letā€™s you convert the BTC to usd immediately. + +He mentioned there will be two types of wallets... one for the people and one for companies. + +Apparently the wallet also is compatible with other Bitcoin wallets... + +You will be able to pay taxes with BTC... except you wonā€™t need to pay taxes for the BTC you hold. + +Foreigners who come to invest in crypto in El Salvador will be granted permanent residency and will not have to pay taxes for the crypto they invest in. + +So anyone who wants to come to El Salvador to invest is welcome to eat some pupusas with me!!!šŸ«“ šŸ‡øšŸ‡» + +Hope everything goes chivo with this one!! +I am 25 and my target retirement year I want to be 2065. + +What are your thoughts on JEPI? I want a high dividend stock in my portfolio. Right now the only dividend stocks I have are QQQ, VUG, and SCHD. The monthly dividend from JEPI look very enticing. +AT&T (NYSE: T) seems to be a popular dividend stock with a yield of 7.59% (see edit) annually. How do people rationalize holding it? + +The share price is down 30.95% over the past 5 years, 6.86% this year alone. The have a colossal amount of debt, P/E ratio of 8.1, and have been fairly stagnant in a very good market over the past 10 years. They have only $9.74 billion in cash while holding $179.44 billion in debt. + +Doesnā€™t the loss in value per share cannibalize total earnings? The EOY total value per share, including paid dividends, underperforms the market significantly. Why is it a part of so many portfolios on this sub? + +Edit: added $T fundamentals + +Another edit: a commenter has informed me that the dividend yield has been cut, possibly to 2 - 5%. A smaller dividend will only prove the point further, unless the argument is that the stock should be held for a non-dividend value increase (either in T or the to-be-distributed DISCA). +My daughter is 8 years old, we started a 8 fund portfolio(Taxable Acc). Her investing allowance is $100 month. We're planning holding these funds for 8 to 10 years. She picked VOO, APPL, SBUX, MCD and I picked the other 4. + +Every month: +VOO: $20 +SCHD: $20 +APPL: $10 +JNJ: $10 +MCD: $10 +Pep: $10 +PG: $10 +SBUX: $10 + +Let me know if this a good start and good mix of funds? Thank you + +This account is for educational and making some money. Also, I got her a UTMA account with VTSAX. +I placed an online order for in store pick up for like $500. In error, they placed a bunch of around $500-ish holds on my CC until the card was full. I tried to pay off the about $300 balance that was on the card already, but lowes immediately put another hold on there. The CC company says there's nothing they can do because the transactions aren't completed. They report that they are 7 day holds. Lowes says they're looking into it, but that if I want to pick up my stuff I need to pay them in a different way. + +So I'm sitting here with with CC with a $0 blanace that I can't use for potentially 7 days. I also have a couple bills about to go through on this card. I'm facing fees in multiple directions. Is Lowes responsible? Is there anything I can do about it? + +Edit: Thanx everyone. Looks like Lowes.com might do this a lot. So buyers beware. +Just a reminder to everyone: + +Take some time to review safety tips with your family and friends. We suspect it was a keylogger in his browser, which he used to reset his Trezor after it reported itself corrupt. + +It's everything he had. :/ + +Transactions: +https://www.blockchain.com/btc/tx/681d31433945c0a8fb47b05caba571740cac54cdbf79f7a5119dbe5a580c5368 + +https://www.blockchain.com/eth/tx/0xcb83a31156b664dcf6169eb9420151b5609d64578f55b279ccd3a4bc374c22c7 + +If anyone knows whether it's worth reporting this to exchanges, or if a paid service aggregates the task, I'd be grateful. +Hi UKPF, + +Iā€™m trying to understand how much I need to contribute to my pension to have a comfortable retirement. + +Background: I started contributing to my pension via auto enrolment at 24 while earning 22k. Through a mix of hard work and good timing with people leaving, Iā€™ve managed to work my way up and am currently on 51k. I have moved over to my companyā€™s SS pension scheme and thereā€™s 18% being contributed each month. My current pot is 23.5k and Iā€™m 28yo Male + +I am about to move jobs in January and my new salary will be 65k, but the pension scheme is worse, using the minimum contribution to get their maximum, 12% will be contributed. + +Iā€™ve just used an online pension calculator and it suggested people in my salary bracket would like a Ā£30k pension to live comfortably in retirement. + +I used the ages 55 (optimistic!) and 68 (retirement age), both show I will have a huge shortfall/surplus. The results were: + +55: +pot income: 9106, estimated income: 9106, shortfall: 20,894 + +68: pot income: 6552, estimated income: 15891, shortfall: 14109 + +I was using the calculator on moneyhelper.org.uk + +Edit: to add Iā€™m 28M +I read the outline of the earnings report and $DOCU beat Q3 estimates by a pretty good margin, and the Q4 earnings estimates were only 2% off of analysts' expectations. + +Granted their next quarter growth is expected to be *only* 30% compared to 40% of the previous 6 quarters. Still that does not at all seem like bad all bad news - especially not bad enough to tank the stock by 40% or more. + +Now I'm no financial expert, just a fledgling hobbyist, so it's 2% a significant miss relative to expectations? As an engineer, that seems well within tolerances to me. + +Is the stock price for this company so speculative that the 25% miss on next quarter growth THAT detrimental? + +It all seems like an overreaction to a company that doesn't really have any real competition outside of Adobe, which isn't saying much. +So tired of reading the endless copium on housing. I get it. Many of you can't afford homes, that doesn't mean prices are coming down anytime soon. + +Despite everything you've heard to the contrary, most houses are owned by people. I know I know: CoRPoraTiOnS ARe buYIng aLL tHe HoMEs!! But it's just not true. For single family rented homes only 300,000 are owned by corporations while 16.2 million are owned by "mom and pop" landlords. + +To understand how significant this is we need to look at what has recently occurred with mortgage rates. First lets just overview the 30y fixed that's offered to US consumers. This is an incredible deal that doesn't really exist anywhere else in the world. The reason is fairly obvious, it's just a bad deal for the lender. It's a deeply asymmetric trade; if rates go up you get a better deal than before in relative terms, if rates go down you get to refinance at the lower rate. + +And that's exactly what happened! Covid struck and all of a sudden people had the chance to refinance bellow 3%, and not just for owner occupied units but rentals too. Every property owner with half a brain took advantage of this. + +Fast forward to today and rates are at 4.8%. It might not seem like a big deal, after all rates fluctuate. 1.8% give or take isn't really that big of a deal right? WRONG! + +It's a huge deal. We've never pushed rates so low and guaranteed them for so long. Rates need to be viewed on a relative basis. That means paying 4.8% interest is 60% more than 3% with regards to debt maintenance. No one with half a brain is ever going to sell a home they refinanced under 3%. Let that sink in. + +Government covid policy has effectively removed a very large percentage of homes from the available market permanently. There will likely never be a time in the future in which selling one of these refinanced single family rentals is a good play. Moreover, the 60 million or so single family owner occupied homes are highly incentivized to never move or if they do turn they're existing home into a rental. + +The logical way this plays out does not look good for inventories. People who's financial situation has stayed about the same are extremely unlikely to move. People who's finances have deteriorated are incentivized to hold on for dear life or face significantly worse living conditions, and people who's financial situation has drastically improved are much more likely to rent their old place out and can afford to do so. + +Inventories are fukt. And not just right now, but for decades. + +All of this has already happened. You can literally watch its effects playing out in the market right now. Looking at market conditions it seems like things are going to get much worse before they get better. + +Obviously inflation is the elephant in the room, and the US govt is not well positioned to deal with it. If inflation is permitted to run wild housing will get a huge boost. Most houses are fractionally owned with most money coming from the govt as they are ultimately the primary lender this relationship will mean homeowners are making several times the inflation rate just from holding real property. + +Conversely, govt tackles inflation head on (LOL) by raising rates. This will make the those 3% loans too good to give up. Mortgage rates at even 6% will mean you are paying twice as much servicing your debt at those who bought at 3%. 6% is still bellow the current inflation rate, how likely is it for them to ever get inflation bellow 3% without cheating on their CPI. + +So, we have an extremely constrained supply that is structurally unable to improve. The only available option is new housing. New housing starts data has been bad for years, and while the numbers have improved lately they 1. Aren't enough, 2. Coming on the back of a major materials/commodities re-pricing and 3. Struggling with labor costs and supply so widespread many laborers are able to choose safer/easier work. Best case (for non-homeowners) is we continue to build at an elevated pace and stop the trend, but this will take years not months. + +So before you even get started, no this is nothing like 2008. In 08 people were signing up for horrible variable rate mortgages designed to fuck them, now they've signed up for a bunch of 30y fixed at under 3% designed to stimulate the economy at the expense of the future. So here we are in the future, paying for all those 3% 30y the govt bought up like hotcakes. Even if, as many of you housing bears insist, housing prices come down it will almost certainly be on the back of meaningfully higher lending rates. This will NOT create housing supply since most mortgages are around 3%, unlike 2008 when they were twice that! If interest rates hit 6% and prices drop 40% (they won't) it still wouldn't create the waves of defaults we saw in 2009. + +TLDR: Housing operates like all markets, based on supply and demand. There will always be demand but supply will never really come back thanks to ultra loose monetary policy during covid and the govts willingness to buy up all the 30Y mortgage paper. The only way supply constraints can lessen is if asset price inflation is tamed AND rates are close to 3%, so basically never. + +Positions: Short 1.2M in mortgage bonds at 2.99% secured by apartments and houses. + +Edit: Purpose of this post isn't that housing is cheap and should be bought at these prices, it's that supply has been structurally constrained and this effect is likely permanent. + + +[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!* +The energy company reported an annual loss of $6.5 billion for 2015, even worse than its 2010 results when it counted the costs of the deadly Gulf of Mexico oil spill. + +BP said it would cut 3,000 jobs in its downstream unit by the end of 2017 on top of 4,000 cuts already announced in oil and gas production as part of a $2.5 billion restructuring program announced last year. + +"We are continuing to move rapidly to adapt and rebalance BP for the changing environment," Chief Executive Bob Dudley said in a statement. + +Fourth-quarter underlying replacement cost profit, BP's definition of net income, came in at $196 million, significantly lower than analysts' expectations of $730 million. + +Fourth-quarter impairments reached $2.6 billion as its oil and gas production division was hit by weak energy prices, including fields in the Gulf of Mexico, the U.S. Utica shale acreage in Ohio and Libya. + +http://www.reuters.com/article/us-bp-results-idUSKCN0VB0JB?feedType=RSS&feedName=businessNews +Good Morning Apes! + +It looks like we are gearing up for another test of 225 in the pre-market already moving in for what will be our 5^(th) test in the last 6 days. This is really starting to feel like the new 180. Again todays price action will largely depend on if we can break that ascending resistance and hold or not. Currently the big fear for the SHFs is the gamma ramp sitting above 225 dude to the sideways movement OI at 9/3, 9/10, and 9/17. + +[low\/mid\/high ranges for today](https://preview.redd.it/cue20vx543l71.png?width=1037&format=png&auto=webp&s=a77fca00d9c1546bc780db5d8d7676cf52b19fdb) + +If you want a more in-depth look at this weeks TA [check out the weekly DD](https://www.reddit.com/r/Superstonk/comments/pe5nhp/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +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 + +(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 Hours + +Still not tracking expected price movement. But green on the day I'll take. Moving into tomorrow above max pain with the vast majority of the options chain rolled out to 9/17 we might actually see some movement on a Friday. They keep pushing this out day by day but that means when they do cover they'll have less time to do it. Less time means more volatility and with that ramp in place this strategy seems like a losing one. Thank you all, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/zxc6e6cfc5l71.png?width=780&format=png&auto=webp&s=9e6554f48a381fe8caa0a60da4402e1b9f1250e0 + +Edit 6 1:57 + +Continuing to chop it seems like they are buying on one candle then shorting the next very odd movement + +https://preview.redd.it/ktkcz59up4l71.png?width=1567&format=png&auto=webp&s=b3ab4fdcc09715d343afc7c154f2a9aa78b91f94 + +Edit 5 1:00 + +Sometimes we need to manipulate the markets a bit, throw it the old curveball + +https://preview.redd.it/lliau8vlf4l71.png?width=1557&format=png&auto=webp&s=34e2cd9be7616a546980b79c4bdc88b6d92f0e46 + +Edit 4 12:11 + +Almost returned to neutral, but the volume just hit a million. I expect we will have a difficult time passing 215 without a bit more. + +https://preview.redd.it/sr8lrsh074l71.png?width=1546&format=png&auto=webp&s=cd2144c26dbf44b37ba2645bddf207cf11654875 + +Edit 3 10:58 + +broke down from the ascending channel this will either for a H&S or bounce on the 60EMA/VWAP + +https://preview.redd.it/ocsycp8wt3l71.png?width=1556&format=png&auto=webp&s=f02e4b7c4e3e23dc29af5c8ef8c51eaa82c1d47e + +Edit 2 10:06 + +As bullish of a reversal as we are gonna get on this low volume but it looks good + +https://preview.redd.it/llza5jcfk3l71.png?width=1552&format=png&auto=webp&s=999f4f51a285f0484f93829ef0dc86e8200abb71 + +Edit 1 9:41 + +$5 dollar drop right out of the gate, volume at 190k + +https://preview.redd.it/44pd3qozf3l71.png?width=1555&format=png&auto=webp&s=10f6822824d4594ca090d7fb49e870fbff5f0f20 + +# Pre-Market Analysis + +18k Volume with 15k shares available to borrow. It appears that the 130k shares borrowed from Fidelity yesterday have been returned. We have a nice open gap in premarket to fill up to yesterdays VWAP around 219. If we do I expect we will yet again see an early test of 225. + +[pre-market 1m](https://preview.redd.it/e85g8xv553l71.png?width=1532&format=png&auto=webp&s=600cd9e557665c0dfa1d5b37997319c2dfad91e6) + +**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/) +*The year is 2041, 20 years since Bitcoin reached $1 Trillion Market Cap.* + +*Bitcoin is now in 5Āŗ place, right below Ethereum at 6Āŗ place.* + +&#x200B; + +We all know Bitcoin and Eth don't have the best technology, they're a little worst if we compare them to other cryptos. But do you think we will ever see BTC and ETH getting surpassed by any cryptos? + +&#x200B; + +In my opinion I think BTC won't be surpassed, but in the case of ETH I think it is. + +There's a lot of great Smart Contract Platforms right now, and they are 10x better than ETH. I think is just a matter of time till we get one that is going to blow up and jump into 2nd place, whether that be ADA, SOL, SYS, AVAX, BNB or other still yet to come +https://politicalwire.com/2018/02/09/obama-market-vs-trump-market/ + +We've been raving about 2017, but the first year of Trump is look weak compared to Obama. 13.68% under Trump vs. more than double that for Obama, 31.43% + + +[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!* +https://www.reuters.com/article/us-germany-economy/german-government-slashes-2019-growth-forecast-to-0-5-percent-idUSKCN1RT0VJ + +> BERLIN (Reuters) - The German government cut its 2019 growth forecast for the second time within three months on Wednesday, reflecting a worsening slowdown in Europeā€™s largest economy driven by a recession in the manufacturing sector. + +> Berlin now expects gross domestic product growth of 0.5 percent this year. In January, the government had cut its growth estimate to 1.0 percent from 1.8 percent previously. + +> For 2020, the government envisages a rebound with economic expansion of 1.5 percent. + +> Economy Minister Peter Altmaier said trade disputes and Brexit uncertainty were weighing on the German economy. Domestic factors include the introduction of new car emission regulations (WLTP) and unusually low Rhine water levels which have led to supply and production bottlenecks in the industrial sector. + +My commentary: My VEA holding isn't feeling too good. +Please upvote this if you agree. This shouldn't be hard to achieve, and is supremely important to make it easier for newcomers to read all the important info in a "one stop shop" kind of thread. + +Why isn't all the top DD super easily accessible? I feel like it used to be... + +I've had several people ask me where to get more info about GME, and even after coming here, they're overwhelmed by all the bullshit. + +It's not that hard to just pin a big thread with links. Also, why isn't "DD" on the first page of "Filter by Flair" section. That shouldn't be hidden. + +Edit - Not everyone who is drawn to GME is savvy with sorting/filtering threads, and/or familiar with Reddit. We should make it as easy as possible to get the best info. It's just good business. +I know a lot of friends whose wives are in kitty groups and its almost a given that they have a chit fund going on amongst them. I understand the quick access to the chit money but many just are in it for Idontknowwhat reason. They really don't have problems with access to money or liquidity issues. Am I missing seomthing? What's the rational behind considering it a high risk investment? +Real estate investments rarely cash flow unless you find a multi level multi family house. If thatā€™s true, how do we still see so many people making a killing in real estate ? Do they simply bet on appreciation ? + +Is it generally recommended to stay away from RE if thatā€™s true ? +[Here](https://imgur.com/a/ZopyeeE) is link to images of charts. [Source](https://archive.org/download/sensex-msci-usa-rolling-10-year-returns/Sensex%20MSCI%20USA%20Gold%20Portfolio%20Rolling%2010%20Year%20Returns%2CSharpe%2CRisk%20-%20Copy.xlsx) for this. **I am defining superior risk adjusted returns as difference of greater than 0.15 between the two assets Annualized Sharpe Ratios**. 70% Sensex 30% USA Portfolio is having superior risk adjusted returns than 100% Sensex Portfolio **30% of the time** (117 out of 393 rolling 10 year monthly time periods). 50% Sensex 50% USA Portfolio is having superior risk adjusted returns than 100% Sensex Portfolio **64% of the time** (253 out of 393 rolling 10 year monthly time periods). **Considering majority of time 50% Sensex 50% USA Portfolio is having superior risk adjusted returns than 100% Sensex Portfolio USA allocation of 50% is necessary**. As per Gold I found 70% Sensex 30% Gold Portfolio is having superior risk adjusted returns than 100% Sensex Portfolio **17% of the time** (66 out of 393 rolling 10 year monthly time periods). 50% Sensex 50% Gold Portfolio is having superior risk adjusted returns than 100% Sensex Portfolio **32% of the time** (126 out of 393 rolling 10 year monthly time periods). **Considering that even 50% Gold allocation does not give superior risk adjusted returns majority of time Gold allocation is not necessary. Only include Gold if you can't handle risk of 100% Sensex Portfolio**. **Rebalancing for both portfolios is only done if the weights are drifting by more than absolute 15%**. **I have counted 7,11,8 and 6 rebalancing events for 50% Sensex 50% USA Portfolio, 50% Sensex 50% Gold Portfolio,70% Sensex 30% Gold Portfolio and 70% Sensex 30% USA Portfolio from April 1979-Dec 2021**. + +The source for the USA returns is MSCI USA Net Returns Index (Dividends are reinvested after 30% Dividend Tax) and to calculate Sensex TRI I subtracted the monthly returns of MSCI India Price Returns Index (Dividends are not included) from MSCI India Gross Returns (Dividends are reinvested) to get monthly dividend return. I add this monthly divided return to Sensex PRI monthly returns to get Sensex TRI Monthly Returns. If you want to know more just click the Excel sheet. +Link: https://m.timesofindia.com/business/india-business/debt-mutual-funds-navs-halve-as-dhfl-defaults-on-bonds-payment/amp_articleshow/69668367.cms + +>MUMBAI: Due to a default in payment on bonds by private sector mortgage financier Dewan Housing Finance (DHFL), net asset values (NAVs) of several debt mutual funds, including those run by some of the top fund houses, crashed on Tuesday. Data showed two funds run by + +>DHFL Pramerica MF saw their NAVs dip by around 50% in one day while the NAV of a fund run by Tata MF saw a crash of almost 30%. There are other debt funds run by Reliance, Birla, UTI and DSP MFs which reported substantial drops in their NAVs. All these funds have bonds issued by DHFL in their portfolio. + + +> * DHFL Pramerica MFā€™s medium term fund saw its NAV crash by 53% while the NAV of its floating rate fund dipped 48%. + +> * The NAV of Tata MFā€™s corporate bond fund took a hit of nearly 30%, data showed. + +&nbsp; + +Links to portfolios here: + +[DHFL Pramerica Medium Term Fund] (https://www.moneycontrol.com/mutual-funds/dhfl-pramerica-medium-term-fund-regular-plan/portfolio-debt/MDE951) + +[DHFL Pramerica Floating Rate Fund](https://www.moneycontrol.com/mutual-funds/dhfl-pramerica-floating-rate-fund-regular-plan/portfolio-debt/MDE269) + +[Tata Corporate Bond Fund](https://www.moneycontrol.com/mutual-funds/tata-corporate-bond-fund-regular-plan/portfolio-debt/MTA169) + +&nbsp; + +* DHFL Pramerica AMC's fund managers invested 30-50% of the fund's AUM in **one.single.company** and that too their own group company. it is almost as if SEBI does not exist at all. + +* **Is there abso-##-loutely no rule on per-instrument holding limits, same group-company holdings, etc ??** + +* What is the point of investing in Debt MF, if they hold just two-three papers? Instead one could just buy those FDs !! +While selling iron condors, +1. What companies do you look for? Any specific criteria? +2. What strike prices do you choose for the legs? How do you choose the width? + +Any reference would be appreciated. +Given the current price of NVDA..was thinking of starting a position here and selling calls. Average down if it continues down from here..3 to 5 year outlook..what does everyone think of this? +Hello theta hoomans. + +I see some people (possibly you as well) sell weeklies for profit. Personally I havent been very successful when I experiment with weeklies. + +Any tips? + + I would like to sell some here and there. Maybe allocate a portion of my account to them if I do ok. + +With so little time I'm usually too scared/feel unsafe with them but I feel that there is a way to get it cranking. + +I want to clarify I mean selling weeklies, weekly. Or bi weekly. + +Thanks. + Hey ladies and gents, hope you're having a great weekend. Just dropping in a quick strategic analysis on Blackberry. The details of the discussion are applicable for the week ahead and can be found below: + +**Expected move: +/- $3.00** + +* Upper Expected move: $17.00 +* Lower Expected move: $11.00 + +**Potential move: +/- $3.90** + +* Upper Expected move: $17.90 +* Lower Expected move: $10.10 + +**Historical Volatility: 98%** + +**Implied Volatility: 167.2%** + +* Put-To-Call Interest: 0.30 +* 10-year high: $17.21 (Feb-4-2013 the date when Research in Motion changed their name to Blackberry) +* 5-year high: $14.55 +* 1-year high: $14.28 + +**Bullish Trade idea (short-term):** + +* 15/18 weekly Bull Call Spread +* Debit: $0.58 +* Max Profit Potential: $2.42 +* Risk/reward: 4.17 +* Breakeven: $15.58 +* Max profit occurs above $18 at expiration + +**Bullish Trade idea (long-term):** + +* Given the elevated implied volatility and low stock price, it is more prudent to own the equity. +* Alternatively, $12 February monthly opex puts are trading at $1.40 and can be sold cash secured for an effective ownership price on the stock of $10.60 if assigned (this represents an 11.77% return on risk in less than 1 month) + +**Other considerations:** + +* Next ER is in Mid March +* BB has announced partnerships with AMZN, ZM, OnwarMobility and Huawei +* Blackberry owns over 30,000 patents, by far the most of any company in Canada and many of which are applicable to smartphones, which they will no longer focus on. +* Expect more patent sales, further bolstering their balance sheet. + +For those of you who would like to watch the video discussing the information above, the link is here: + +[https://youtu.be/uRHtwmzoc2Y](https://youtu.be/uRHtwmzoc2Y) + +Please let me know if you have any questions. + +Stay safe and healthy and trade well! +**Note**: This is not an offering, shilling, or anything else. Just tech talk. + +I've dabbled in programming for years but I'm not very good at it... still, I wanted to learn more about tokens and contracts by creating my own token. + +I present to you: [Avatar AANG](https://rinkeby.etherscan.io/token/0x4903f648abe73776125d035a5588b5110fefe9cd) + +It's only on rinkeby (testnet) because I'm just screwing around. It's also completely horribly written, not making use of any industry-standard libraries like open-zeppelin because what fun is that. Still, I feel pretty accomplished and this was a great step to actually understanding a bit of the tokens and technologies I'm putting my money into, and I only spent a day learning and toying with it. I'd encourage anyone with some coding skills to try it! + +More details: + +* The contract is named BaSingSe, because there is no bank in Ba Sing Se. +* 3 billion tokens were minted on creation which I'm the proud owner of. On the testnet, but still. +* Includes functions to delegate wallet actions (Air), transfer funds (Water), burn tokens (Fire), and store/retrieve SHA hashes (Earth) + +You can see the contract details on etherscan. I used Remix with Solidity 0.7.6. + +I was able to add my AANG to MetaMask, and even send some [to another test wallet](https://imgur.com/a/Ce4N43l)! From there, I wrote some quick Python code to interact with the test wallet and validate the amounts on Rinkeby: + + wallet_test % cat test.py + import json + import hashlib + from web3 import Web3 + from web3.middleware import geth_poa_middleware + from dotenv import load_dotenv + load_dotenv() + + import os + INFURA_ACCESS_TOKEN = os.getenv("INFURA_ACCESS_TOKEN") + INFURA_PROJECT = os.getenv("INFURA_PROJECT") + WALLET_ADDRESS = os.getenv("WALLET_ADDRESS") + WALLET_PRIVATE_KEY = os.getenv("WALLET_PRIVATE_KEY") + CONTRACT_ADDRESS = "0x4903F648ABe73776125d035a5588b5110FefE9CD" + with open('aang.json') as f: + CONTRACT_ABI = json.load(f) + + testnet = "https://:" + INFURA_ACCESS_TOKEN + "@rinkeby.infura.io/v3/" + INFURA_PROJECT + web3 = Web3(Web3.HTTPProvider(testnet)); + web3.middleware_onion.inject(geth_poa_middleware, layer=0) + if web3.isConnected(): + print("You are connected to the Ethereum test network.") + + balance = web3.eth.getBalance(WALLET_ADDRESS) + print() + print("Current Balances") + print("----------------") + print(str(web3.fromWei(balance, "ether")) + " ETH") + + AANG = web3.eth.contract(address=CONTRACT_ADDRESS, abi=CONTRACT_ABI) + print(str(AANG.caller.balanceOf(WALLET_ADDRESS) / 1000000000000000000) + " AANG") + print() + +After running it, I got my results! + + wallet_test % pipenv run python test.py + Loading .env environment variablesā€¦ + You are connected to the Ethereum test network. + + Current Balances + ---------------- + 1.99433569 ETH + 1000.0 AANG + +I know this probably isn't horribly impressive or exciting but it was really awesome to interact with blockchain and crypto at this level. I'm excited to do more! +Investments or lifestyle... + +I'm 20 & have 15k in VDHG w/ dividends reinvested. Also adding 2k a month into it. (So I'm saving to invest in that). + +Might start a digital product & personal brand on social media. This is low cost start up so I don't need to save much. + +May set up a direct debit for super, $200 a month. (So save 200 a month to put into that). +First time using a PM, he wants 7% of each months rent, 100% of first months rent as compensation for finding and vetting tenant. He wants to hold security to draw from as repairs are needed. Also, if I cancel his service I have to give 60 dayā€™s notice and pay out the remainder of the year. If he cancels for a legal reason i have to pay out the remainder of the year. If I decide to sell I have to give him 2% of the selling price. Is this reasonable? +$1,000,000 investment needs to generate interest income for retirement. + +What long-term (2 year, 5 year, 10 year) options are optimal? + +Requirements are they must be government insured (FDIC) and risk-free. + +Treasury bills? Government bonds? Certificate of Deposits? + +Or just keep it liquid in a high-interest checking / savings and wait for bank rates to increase? Right now the current rate is .05% which is not enough. +Throwaway account for reasons. + +I'm 33yo male. Built my company 9y ago in a sector with strong tailwinds. After a few fundraises, I got into a position where I own roundabout 25% of the company and have founder control at an operational level. +Business is "just" breakeven as exchange for stronger growth. Value comes from brand strength and overall market share. + +Company's valuation is somewhere between ā‚¬220M-ā‚¬260M. I pay myself an okay salary of half a million euros a year in cash before taxes. No ESOP. My salary covers 100% of my lifestyle, however I spend it all while my assets continue to appreciate. + +I don't think I am very financially literate when it comes down to portfolio management. I'm sitting on ā‚¬100k in cash, ā‚¬1M in the stock market and BTC/ETH (was 2M before the crash), ā‚¬2M in liquid assets, and ā‚¬1M in non-liquid assets I cannot easily choose to cash out on. Plus of course my 25% of whatever the big boy is worth. + +My issue: I wish to sell shares in my company up to roundabout ā‚¬10M pre-taxes to level up my train of life and grow my portfolio. Business is heavily reliant on my presence. As a result, shareholders are very hesitant on me selling shares. This creates an awkward situation where, on one hand, I always have to "fight them" in order to sell part of my business which is a miserable position to be in, and on the other hand, I am starting to lose interest on the business because I am not being rewarded according to the value I have been able to generate and continue to generate. + +My question: Are there mechanisms you guys would recommend me to take a look at that would allow me to cash out continuously on my business, while improving the optics of doing so? I am open minded to hear any and all ideas, even if they are only indirectly related to the question. I'm here to learn. + +The alternative is to eventually just sell the whole thing or take the company public (which unfortunately carries similar founder-selling challenges), however this would not be ideal to me because I enjoy the work I do and the strengths of remaining a private enterprise. I just feel like I have earned the right to "level up" my lifestyle + +Thank you very much for helping me out. +Recently, I did some big data regression analysis on FTD's, but it was buried in [a Tin Foil post](https://www.reddit.com/r/Superstonk/comments/veasnq/tinfoil_rc_will_add_marketplace_will_launch_ftds/) I did. + +&#x200B; + +**TLDR:** *T38 has a statistical positive impact on price action.* + +**TADR:** *August has many consecutive T38 dates, so many that I think I'd run out of green crayons.* + +&#x200B; + +Below are the results for 2022, 2021, and 2020. I've also added the current FTD's that meet the filter with their projected T38 dates that are coming up. For others to learn this, the simple explanation is you can access FTDs directly from the SEC ^(\[1\]), then add 38 weekdays to the date that is in the FTD file. + +^(\[1\]) [^(https://www.sec.gov/data/foiadocsfailsdatahtm)](https://www.sec.gov/data/foiadocsfailsdatahtm) + +https://preview.redd.it/6ecbzugl0wc91.jpg?width=1200&format=pjpg&auto=webp&s=38df4df66d3e0fdca40671671b2a962b426a9bdb + +# 2022 FTDs - T38 Positive Close Probability is currently 78.57% + + Info + Ticker: GME + Trade + {x}: 38 + Total FTDs Analyzed: 14 + + Probability + Positive Price Action relative to Previous Close: 92.86% + Negative Price Action relative to Previous Close: 71.43% + Previous Close to Close will be Positive: 78.57% + + Averages + Range: 11.71% + Previous Close to Low: -1.78% + Previous Close to High: 9.71% + Previous Close to Close: 4.43% + +[2022 FTD Occurrence Data](https://preview.redd.it/iq6boavyzvc91.png?width=2304&format=png&auto=webp&s=00ece905479f7615fe9e456ff7cb040eeab02822) + +&#x200B; + +# 2021 FTDs - T38 Positive Close Probability was 44.44% + + Info + Ticker: GME + Trade + {x}: 38 + Total FTDs Analyzed: 54 + + Probability + Positive Price Action relative to Previous Close: 87.04% + Negative Price Action relative to Previous Close: 88.89% + Previous Close to Close will be Positive: 44.44% + + Averages + Range: 15.19% + Previous Close to Low: -5.94% + Previous Close to High: 7.66% + Previous Close to Close: 0.38% + +[2021 FTD Occurrence Data](https://preview.redd.it/rd5ek7phzvc91.png?width=2328&format=png&auto=webp&s=cb6cf9c5db2fc44b02ac178d4720f9671d702bd0) + +&#x200B; + +# 2020 FTDs - T38 Positive Close Probability was 71.43% + + Info + Ticker: GME + Trade + {x}: 38 + Total FTDs Analyzed: 14 + + Probability + Positive Price Action relative to Previous Close: 100% + Negative Price Action relative to Previous Close: 71.43% + Previous Close to Close will be Positive: 71.43% + + Averages + Range: 14.66% + Previous Close to Low: -3.5% + Previous Close to High: 10.5% + Previous Close to Close: 2.32% + +[2020 FTD Occurrence Data](https://preview.redd.it/igqs26vhyvc91.png?width=2242&format=png&auto=webp&s=6cb5ec8b3a75d70c750ddb5893dce7bc7d22531e) + +&#x200B; + +&#x200B; + +# Why 38 weekdays? + +[Atreus to me!](https://preview.redd.it/jy3h1v2lyvc91.jpg?width=1280&format=pjpg&auto=webp&s=75b8f781d6fe68299cd6eaa2ad7bf0900bfd4481) + +I want to keep this post simple, but I also *don't* want to imply the "Trust Me Bro," type of science. I was curious about T-35 and how they correlated with FTDs. I tested multiple T-35 to T-39 dates and across different securities. To test this metric, I pulled all the FTDs, limited testing to occurrences over $10 million in notional value, and I didn't limit the test to GME only. + +>***Scientific Note:*** *To clear one bit of semantics, the "T," in T-38 stands for Trade. In the FTD file that the SEC releases, the date is actually delayed 1 day. The "trade," when the FTD is reported is actually the date prior to the date referenced in the FTD file. If this is confusing, it was to me too. To get to this conclusion, look at the price the FTD is reported. This price is the closing price of the previous day. The FTDs are also net reported, so while they may be "cleared," somehow the next day, this study focuses on the "can-kicking theory/rehypothecation to clear FTDs." Ergo, it's technically T-39, but for simplicity and to help everyone understand....****add 38 weekdays to the date in the FTD file and you get the simple projections used in this post****.* + +&#x200B; + +&#x200B; + +# Bonus Round āš”ļø2ā™¾ + +**Large Sell Orders still make their way to the order book...current sell side.** ^(Peculiar on the timing tho.) + +[Some broker is listening to their client - Notice the odd lot share amount](https://preview.redd.it/f2yu1ut21wc91.png?width=800&format=png&auto=webp&s=4aae3ae1aba3a40f85be880256c1f8df28e132ba) + +[CTB Max ooooh.](https://preview.redd.it/12im4prv1wc91.png?width=570&format=png&auto=webp&s=f28ea0446e2f350095496c1abe2d817d6675208c) + +Edit: Just adding the order book depth...this is officially the highest I've ever seen a sell order. + +[06:20am est](https://preview.redd.it/md82585jewc91.jpg?width=1284&format=pjpg&auto=webp&s=17d7f893109144bc28d020164c2a4e876826b615) + +Edit 2: Last update on the order book before the market opens in 5 mins...whoa. + +[4 shares on the sell side @ $199,999\/each](https://preview.redd.it/gybmrkgxaxc91.jpg?width=1284&format=pjpg&auto=webp&s=e98efd0898589c568247cd769d3d82d4a5e3b9e2) +I recently moved from NYC to Florida. Instead of leaving my job, they let me continue working remotely from my new home in Florida. The issue is, my paychecks are showing NYC taxes are still being taken out of my paycheck (they're quite hefty too). + +Is that correct? Or should I now only be paying Florida's taxes. Any advice is welcome! + +Thanks! +On 12/8/2021 during GME's Q3 report, they shared with us that 5 million shares had been DRS'ed. The DRS bot on that date was 1,035,073 shares. That means for every share in the DRS bot, there were 4.83 actual DRS shares per GME's Q3 report (5M / 1.035M). As of this post, the DRS bot shows 1,865,697. If we multiple the latest DRS bot shares by the 4.83, then we get 9,012,393 shares. + +This means we are unofficially the biggest baddest motherfucker in this GME game. Even bigger than Papa Cohen (9M), bigger than fucking Vanguard ([5.9M](https://fintel.io/so/us/gme)) and Blackrock (5.1M). + +We started as little fish sperms, and now we are the fucking whale is this ocean. These numbers are based on a very conservative estimate as GME's DRS number for Q3 was cutoff on 10/30/2021. There's good reasons to believe the DRS number for Q4 when they report in March 2022 will be much higher. That means we will evolve to become the fucking ocean that all these other fishes, whales, and sharks swim in. And there's no stopping there, eventually this shit will turn into a black hole that swallows the entire financial market. Keep DRS'ing and power to the players bitches! +Basically title. It was agreed that I would receive $10 an hour after my training period ended , but I am still receiving the 8.35 I received during training. Iā€™ve talked to the senior account manager and she is constantly giving excuses for why it has not been updated. Ive already gotten another job and plan to put my 2 weeks in by the end of the month, but the difference over the last few months of what I was told i would be paid and what I am being paid is on the order of $700 at this point. Do I have any recourse? + + +[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 + +[šŸ“š 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) | [šŸ“š 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) | [šŸ’” 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) |[šŸ“ˆ 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) | [šŸ—£ 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) | [šŸ¤” 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) | [šŸ’» 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) | [šŸ“° 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) | [šŸ¤” 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) | [šŸ‘½ 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) | [šŸ“³ 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) | [ā˜ 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 šŸ’ŽšŸ™Œ](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** + +[šŸ“£ 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) | [šŸ“† 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) | [šŸ† 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) | [šŸšØ 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) | [šŸ“– 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) | [šŸ”” 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) | [āŒš 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) | [šŸ„“ 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:"šŸ’» Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I've been looking at financing a new car and have been debating the difference between a PCP contract and a car lease (from the likes of nationwidevehiclecontracts etc). + +I've ran the numbers on the car in question, which on PCP would be Ā£300 per month + Ā£6k deposit on a 36 month contract. On car lease the payment is Ā£325 per month + Ā£4k deposit on a 24 month contract. The difference between the PCP and lease is my trade in is an additional Ā£4k scrappage towards the cost of the PCP car, where as I can use my trade in value (Ā£1200) towards the Ā£4k deposit. + +I know that I won't have the money to afford the balloon payment at the end of the PCP contract, so would be handing the car back anyway. + +To me the lease seems like the logical choice. What are some of the common pitfalls with car leases that I should know about? + +In terms of my overall finances, the car payment will come out at about 15% of my take home pay. I have a decent emergency fund (6 months living expenses) and my savings per month is about 17%. Im also receiving a generous pension contribution from my employer. I've chosen a 24 month contract because this will be the first time entering into any sort of car purchase scheme and I don't want to be tied down for too long. My current annual maintenance car costs (excluding insurance) come in at about Ā£1,000. + +&#x200B; + +&#x200B; +This might come from ignorance/naivete but in my mind, if the current rate of reproduction is unsustainable for whatever reason (oppressive towards women? more people just not wanting kids? not here to discuss the reason anyway just the effects), the population and the fertility rate will just decrease until we reach a new balance. So why is it inherently bad? + +I'm italian and I've heard of our "aging population" being a problem for the last 10 years and I see the same thing in other nations like Japan. + + My academic background is engineering so feel free to school me on any econ/sociology/whatever subject is needed to understand this. +From an investment angle, hence posting here on UKPF (property subs don't appear to have many subscribers). I have come across numerous ads on rightmove for property such as this: https://www.rightmove.co.uk/commercial-property-for-sale/property-88940039.html + +What benefit would this offer to someone who purchased it at auction? Checking out the auctions that have recently taken place, such listings tend to go from practically nothing to 10-20k. + +The latter ones appear to have property development potential. The lower ones I can't see any value in owning at all? There is one estate agent that mentions you could use a tiny parcel of land for a mobile phone mast but even that seems fairly unlikely to achieve. +Felt good to sniff that green crayon once more today. Something felt different. It was a lovely, bias confirming feeling that washed over me. A lot of things aren't going too great for me, but no matter what happens, I'm gad to be part of it. + +The GameStop Saga is in one of the most unique events in the history of finance. It is the blackest of swans. The strangest of anomalies. + +In the dawn of this New Gilded Age, the clash of advanced high frequency trading algorithms built by psychopaths to exploit emotion VS the brainpower of millions of people focused through the prism of the internet into one girthy beam of light so fuckin' hot and bright it vaporizes corruption like big fucking Eye Of Sauron built by the good guys, like if a hobbit was tasked to build an Eye of Sauron, instead of like, slime-covered Citadel worker-orcs or whoever the fuck built that shit. + +I guess what I'm tryna say is - this shit's going to the moon and Kenny G is an unsophistocated criminal. +My realtor friends are all saying buy now cause rates are low. I am 37 and have lived with my father my whole life(we split rent etc). I have 13k saved at the moment with no debt. I made some mistakes in my 20s and built up some large debt that I finally paid off a few years ago. I'm on pace to save 18k by the year mark of when I started saving. Would you guys just keep saving for a while? I want to be on my own badly but I'm saving so much right now. + +My dream homes run about 170k. I've been looking more down around 130k though. I refuse to be house poor so I'm planning my mortgage and utilities to be 33% of my monthly pay. + +Renting is not really an option, I want a nice garage to work on cars etc. + +Thank you for any advice. +All in the title really. + +I was thinking of times that others and myself have found ourselves regretting buying/spending on something because it turned out to be a rip-off or a bad idea financially. Examples might be a phone/car/tech contract, an insurance product, or even a regular consumer product. + +Have you any to share? +https://www.marketwatch.com/story/the-main-reason-for-the-stock-markets-decline-is-not-the-coronavirus-2020-01-27 + +That real culprit is market sentiment: Short-term stock market timers, on balance, have been extraordinarily bullish for a couple of months now. Even a few days of such excessive bullishness would normally lead to market weakness, much less a few months of such exuberance. So conditions were ripe for a pullback. + +If it werenā€™t the coronavirus, in other words, something else would have been the straw breaking the camelā€™s back. +[FanRoom partners up with Abante Productions & GameStop/Gamestop NFT](https://finance.yahoo.com/news/fanroom-drops-industry-first-nft-193016969.html) + +New York, NY - (NewMediaWire) - November 29, 2022 - Virtual events hosting platform FanRoom Live has announced a one-of-a-kind partnership with Abante Productions to make its event tickets available to worldwide fans via the Gamestop NFT marketplace as well as the event series which will now stream on the GameStop Marketplace. + +For the first time in this industry, fans will now be able to immerse themselves in future events and meet with their favorite celebrities with NFT Blockchain tickets. + +Known for its penchant for innovation and pioneering spirit, FanRoom Live's latest foray into the blockchain space is set to revolutionize ticketing and streaming content in not just the virtual teleconferencing sector but across the length and breadth of the media and entertainment industry. + +The move facilitated by Jae Benjamin, FanRoom Host and Co-Executive Producer, as well as part of Abante Productions and GameStop/GameStopNFT family, will see FanRoom offering tickets to its celebrity meet n' greets via the Gamestop marketplace. + +Not one to waste time, FanRoom has started offering limited edition NFT tickets (20 of them - https://nft.gamestop.com/collection/FanRoomLive_Scheana.and.Brock) for its next virtual meet n' greet with Scheana Shay and Brock Davies, slated for 10th December 2022. + +In his usual ecstatic self, Mr. Benjamin could not hide his excitement to share the news with the media. "We are the 'first in history' to bring you a live streaming virtual meet & greet event series which will now also run parallel to the live event on the GameStop marketplace. This is not all! We also are the first to bring you one-of-a-kind no two tickets are the same, COLLECTABLE NFT BLOCKCHAIN TICKETS." + +NFT tickets benefits + +There are so many benefits that could come from this move, especially for the fans and eventgoers. This ticketing mode offers digital access credentials to events and easily eliminates some of the main issues with traditional ticketing systems. For one, the risk of your NFT event ticket getting damaged, lost, or stolen is almost nonexistent. And even for the artists and celebrities hosting the meetings, this could help them establish stronger relationships with their fans and transform the entire landscape for everyone involved. + +Speaking on the development, Lynn Mosqueda and Danny Mason of Abante Films a media firm that prides itself in "being the first ever filmmakers on the blockchain" had said that "this would bring additional benefits and utility to holders of these tickets" and that "we are beyond excited to be part of this new venture and of working with Jae Benjamin again, who also stars in our paranormal mockumentary comedy series, on the GameStop NFT Marketplace INTO THE VEIL, as well, to work with the FanRoom Live team. NFT Tickets provide not only access to the event, but a one-of-a-kind digital asset you can keep as collectable. The technology provides transparency, safety, and benefits the artists, organizers, and guests. it only scratches the surface of what NFTs can and will do for filmmakers, artists, collectors, creators, and entertainment enthusiasts." + +Abante Productions currently has 'Into the Veil,' along with 'Desert Terror' a Sci-Fi Action short film at the height of WWII. Abante Productions is also in pre-production for a horror western film, 'First Moon,' also starring Jae Benjamin and others: a film where a forgotten Texas legend is reborn in the story of a hard-bitten frontier doctor who confronts a vicious tragedy and awakens a supernatural legacy. + +Along with being able to address the shortcomings of paper tickets, introducing NFT technology to the ticketing industry would help turn tickets into digital collectibles. "This is perhaps the closest we'll ever get to the nostalgic feeling of buying tickets back in the day when you'd buy a concert, event, theater, arena, movie whatever ticket and frame the stub as a memory for years to come," says Mr. Benjamin. + +About FanRoom + +FanRoom Live is an interactive virtual events series providing a platform for fans to meet their favorite stars and celebrities in town-hall-style meetings. The platform co-founded by media and hospitality entrepreneur Jeff Krauss along with award-winning actor, comedian, and producer Cedric The Entertainer and 123 Talent CEO, Mich Faulkner brings something special and unique to the online virtual world, making it easy for fans to connect with their favorite actors, comedians, athletes, musicians, authors, and other favorite celebrities anywhere in the world from the comfort of their living rooms. + +Website: www.fanroomlive.com + +NFT tickets link: https://nft.gamestop.com/collection/FanRoomLive_Scheana.and.Brock + +Contact Info: + +FanRoom Live + +info@fanroomlive.com +I am 20 years old and have been on my own supporting myself completely for about 2 years now. I work 2 part time jobs and am a full time student. My first 2 years in school, scholarships and grants covered housing, but this year, rent and tuition are both so much higher, and of course, my funds have not raised. Working about 30 hours a week, I make about 850 a month after taxes. Iā€™m looking around for a 3rd job to work for now, and trying to make enough to live while prioritizing school. One big dilemma I am currently having is that my car is in pretty rough shape. Over the passed 3 years, I have put about $6-7,000 into repairing this car that is only worth maybe $1500-2000, if even that. I have at least a $600 repair that needs to made in order for it to keep running, but Iā€™m wondering if I should just get a new car at this point. I mean, my car is 2 months passed due on an inspection because it canā€™t pass, and spending $600 to repair wonā€™t change that. So I can either put more money into a car thatā€™s illegal to drive and going to break down again in two or three months, or I can just suffer with a monthly car payment. My mom suggested taking out student loans on top of my grants and scholarships, but also she took out student loans 25 years ago, has been paying them ever since, and still owes $65k on $40k worth of loans so Iā€™m hesitant to take her advise. I am just afraid that Iā€™ll commit to a car payment that I canā€™t afford. I am always broke and at this point Iā€™m wondering if I should sell my nice things like my Nintendo switch or my piano just to get by. All of my clothes have holes because itā€™s been so long since Iā€™ve been able to afford more. I often have to decide between lunch or a tiny bit of gas in my car. I never have the money to go out and have fun with my friends. All of my friends live with their parents and have everything taken care of for them so none of them really understand how hard I have to work to not be homeless and carless. My mom is unemployed and lives across the country. My dad is in prison. My older brothers are both unemployed living off of their girlfriendsā€™ successes. I am doing it by myself and thereā€™s no one I can ask for help. I just want to make a better life for myself and I really donā€™t know how to do that while needing to focus on school. Anyways please someone give me some useful advise that will help me with my situation in both the short and long term. Thanks! +I'll start with September '21 and the quote from Gavin Wood: + +Events of today in crypto just go to show that genuine decentralisation and well-designed security make a far more valuable proposition than some big tps numbers coming from an exclusive and closed set of servers. If you can't run a full-node yourself then it's just another bank. + +Fast forward to December '21 and quote from Justin Bons: + +Solana was DDoS attacked again. This attack exploited fundamental design flaws which are considered features by SOL. As it sacrifices decentralization & security for speed while ignoring the consequences of that trade off specifically Proof of History & Turbine (PoH). + +A consequence of PoH is deterministic block creation: There is a good reason why public blockchains before SoL did not take this route. Non-deterministic block creation adds to security & censorship resistance as you cannot predict who will create the next block. + +Instead in SoL it is possible to predict & therefore attack the next block producers. For instance attacking the next 100 validators instead of attacking the entire network. This attack also works regardless of scale, thereby severely reducing SOL security. + +SOL security is not just reduced against DDoS attacks since this attack can also be combined with a 51% attack allowing an attacker to temporarily gain proportional staked control over the network by attacking other large stake holders. These are all consequences of PoH! + +Combining Turbine with PoH leads to even more dire consequences: Turbine divides the transaction memory pool into small groupings of validators. This means that with PoH you can censor transactions by just attacking the specific validators in that grouping! + +This is just one aspect of SOL's design that exposes the bad faith of its creation. Prioritizing attracting ignorant cryptocurrency investors over good sustainable blockchain design. There are many examples like this in terms of design as well as lies & fraud, buyer beware + +TL;DR: Solana is a shit network, SOL is a shitcoin and when VC dumps their SOL it's gonna be spectacular like diarrhea. [https://preview.redd.it/psyasl9d7tv71.jpg?width=1024&format=pjpg&auto=webp&s=aa1df1b169a468d5e8df4b18a4100c6bb7e0540d](https://preview.redd.it/psyasl9d7tv71.jpg?width=1024&format=pjpg&auto=webp&s=aa1df1b169a468d5e8df4b18a4100c6bb7e0540d) + +ETH, DOT and ADA > SOL... + +TL;DR2: [https://twitter.com/hoskytoken/status/1469371394601496581](https://twitter.com/hoskytoken/status/1469371394601496581) + +Source: + +[https://twitter.com/Justin\_Bons/status/1469375118036160529](https://twitter.com/Justin_Bons/status/1469375118036160529) + +[https://twitter.com/gavofyork/status/1437880885676855297](https://twitter.com/gavofyork/status/1437880885676855297) + +&#x200B; + +EDIt: wow the bots are downvoting everything even this comment: " many people actually think centralization is fine. That isnā€™t a joke, Iā€™ve heard countless times things like: ā€œCentralization isnā€™t necessarily bad!ā€ People donā€™t get the whole point of crypto." + +Any negative comment about Solana is downvoted to hell! + +I mean if you downvote decentralization you have no business in being here and if you think that talking about the design flaws is a FUD or network that can be rebooted at any time and several times per year is ok then what can I tell you... +I've been a fan of Robinhood & Zerodha for a while, but recently discovered some disappointing news - this [article](https://startupsventurecapital.com/robinhoods-exceptionally-clever-business-model-arbitraging-privacy-776663d4d855) claims Robinhood makes money by front-running trades to *High-Frequency-Trading* firms like Citadel & Two Sigma.. This means that your trade info is passed on to these firms before your trade is executed - they can use it in many ways, including executing their order before yours is placed. + +While there is no way of knowing whether they actually do this or not (assuming neither Robinhood nor anyone at these HFT firms will comment), it raises some disturbing questions around privacy, legality, and discount-brokerage business models in general, which I've thus far been a very big fan of. + +Now in the Indian context, do you think Zerodha can be doing some variant of this? I mean, HFT isn't really that big in India, so not sure which firms would want similar data, but what has disturbed me is the knowledge that I have no idea what they officially can/can't be doing with trade data and client data. I understand that renewal of their various licenses from NSE/BSE (and SEBI?) is a seal of approval, and I'd like to continue trusting them, but any thoughts on what all is possible in this Indian/Zerodha context? + +Tbh, the most disappointing thing about Robinhood was the lack of transparency - they disclosed this info to the SEC/regulator but didn't mention a word on their website - I'd be surprised to know if Indian laws require such disclosures to SEBI, and if this info is publicly available, hence the concern. + +&#x200B; + +&#x200B; +I want to maximise my wealth as much as possible, but I don't plan on having children, so it all feels like a waste after I die since there's no future generation to pass it on to. That's why I've cut down heavily on maximising my compounding wealth, ignoring super and started spending money on happiness now. + +What are your reasons for chasing money as opposed to just having enough for your lifestyle if you don't plan on passing it on to future generations? +-If I were to purchase a million dollar house like any other house i.e. 20% down and then $800,000 loan over 10 or 15 years. +-Property Taxes (estimate is fine but I live in MT if you just know the amount of property tax in each state off the top of your head) +-Heating and Upkeep + +Basically I would want to be handling money in a manner that coincides with /r/personalfiance advice. +I am in a bit of a dilemma. I have about 5 SFH rentals all in the same city, one is a townhouse that was my first purchase and was not purchased as an investment property. Due to working out of state for many years I rented the townhouse (primary residence) property for the majority of the time and depreciated it on my tax returns. However, due to marriage / kids I am thinking about relocating back to my original State to build a family home I will permanently live in. Since I already have a primary residence loan (under the townhouse), I would have to do an investment property loan for my new construction real primary residence. To forgo that, I want to sell my Townhouse and then get a new construction loan as my primary residence. + +My question is this, can I sell my townhouse, do a 1031 exchange to avoid the depreciation recapture / gains tax, use that for my new construction personal home? Remember my townhouse was NOT originally purchased as an investment property but was used as one for many years. However I do not want to start depreciating the new primary residence home and treating it as an investment. I am wondering if it converts to a personal primary residence at that point? +Hey all, + +I just bought my first duplex 2 months ago. I'm currently saving for my next purchase but probably won't be for another year. I have a property manager taking care of the duplex so right now I'm just working my regular W2 job. I have the real estate bug and I'm still reading, watching youtube videos and going on this sub to get more experience/information, but I'm RESTLESS. + +For the passive investors, do you guys just shut off your real estate brain once the deal is done and just wait until you have the funds to purchase another one to turn it on again or do still try to stay active - reading, youtube, met ups, checking out price trends on zillow etc. + +Thanks, +Ethereum news will be continuous, extraordinary and unrelenting this year!!! + +We have core development milestones, EEA additions, and a huge huge fucking enormous advantage in mindshare compared to any other blockchain. That means project after project after BIG reveal after BIG reveal. Get your coins someplace safe. Buy some popcorn. And enjoy the ride! This time next year, there is no longer doubt in my mind, people you know around you will have heard of Ethereum (you may have already started to see hints). + +The PR has never been this well organized, and the move toward public awareness has never moved this quickly. Honestly, VB is talking to heads of state now. All for a very good reason. It is an Ethereum playground right now. Devs devs devs devs. Seriously people. Take this as a warning. Ethereum awareness and developer momentum has secured a truly glorious year ahead. I donā€™t have a clue what things will be like in five years, but clearly, with all these people waist deep in Ethereum now, this year will be glorious! +So, my truck decided she needed $4k worth of work in the last 6 weeks (don't get me started), so I emptied all the coffers and now she's back to being reliable. + +Unfortunately, that $4k wiped me out. I am robbing peter to pay paul, and one of the things that came to mind was reaching out to the truck loan company to see if I could skip a payment. + +They obliged and I have the green light to do this....but I was wondering....does this negatively affect my credit? I know they just add the payment to the end of the loan, but does it do anything as far as my payment history goes? The loan company didn't have a concrete answer, so I was hoping maybe someone here would?! + +Thanks in advance!!! +Been holding GME shares since early January. I saw the price go up above $400, then back down below $40, and held. I saw the price rise back above $350, and then drop back down into the $200s. I've believed in the stock the entire time, and not only held all of my original shares but continued to average up, and down, and sideways. + +&#x200B; + +When you're looking at an investment opportunity like this, yes it's nice to buy the dip so you can afford that extra share with the money you saved every now and then, but it's also important to realize the MOASS could happen any day and every share you can squeeze in before then is another XXX,XXX,XXX amount of gains, so in the end the price you bought it at isn't really that relevant. Just keep buying. Just keep holding. If DFV held through over 2 years of FUD, manipulation, and bleeding, just to become a millionaire almost overnight, we all can hold a little longer. + +&#x200B; + +I love all of you apes. Thank you for making my days, and nights, a little brighter. Thank you for keeping spirits up. Thank you for shoving your fat banana dick up Kenny G's ass. + +&#x200B; + +Keep on holding my beautiful family ā¤ļøšŸ’ŽšŸ¦šŸš€šŸš€šŸš€šŸš€ +Just a vent. I'm feeling crappy and just need to scream this into the void. I'm a full time student. Suddenly a single mom pending a separation from my husband who I found out was cheating on me with a 19 year old. I just failed my first pre-calc exam and brought my grade from a 77 down to a 40. I get paid once a month and $1300 a month. My husband makes around 5k a month but he isn't living here anymore and and stomach is just in knots. I don't know how I'm going to pay the mortgage. Our electricity bill was almost 200 dollars this month. I have $17 to last me until the 1st of November. I just feel so lost and confused and downright scared + +I just emailed my school about CARES act funds. I don't know how I'm going to find time to take this marketing exam because my 9 month old screams every time I put her down and my 5 year old wants to know where daddy went because when I found the nude photos of the girl he's been messing around with me on, I made him leave. He claims he won't pay any child support which I think we both know is bullshit. I applied for food stamps and Medicaid but I don't know if I'll here anything back soon because Monday is a federal holiday. I've been a stay at home mom for years and my only income was a Stipend due to my husband's total and permanent veteran status - if we divorce, I'll lose that. I haven't worked a job since my oldest was 15 months old. The goal was for me to get my bachelor's and then find a well paying job. But that's all gone out the window. + +I don't know what the fuck I'm going to do. I can't even order a pizza for dinner for my 5 year old for pizza Fridays. My husband told me I can forget about ever seeing my step-daughter who's life I have been in since she was a toddler. I just feel hopeless right now. Someone tell me it's going to be OK and how the hell to get myself together +Iā€™m probably going to be making 60-80k for the next few years (currently on 60) and am looking to start investing but donā€™t know enough to want to try day trading. Iā€™m looking for a set and forget. +The doctors said 2 years before serious decline and we would like to get things in order. + +Would putting properties in a irrevocable trust better or would him gifting me his real estate to me and under my own name better? Which would give me the most flexibility and save me on fees/taxes in the future? + +Currently he has 2 homes, and a mortgage that is cosigned by me. I'd like to transition as smoothly as possible. +I am working towards an early retirement mainly because I am in chronic pain all day working at the computer due to a disability and just want to get away from that ASAP. The job is tolerable however the pain is less so. + +But since I am very limited physically there is not very much I will be able to do with my time if I ever make it to FIRE. It's not like I can travel, play sports, exercise, go hiking, or do any of the fun things I used to do when I was healthy. + +I know the general advice here is to have a solid plan heading into early retirement on how your life will look but I feel a little aimless given my status. I dream about what early retirement *could* look like but much of that is not realistic for me. Just dreams. + +I know theres not really much anybody can say that will change things for me but Im just curious if I am alone in my hollow pursuit or if there are others like me! +https://coinmarketcap.com/exchanges/idex/ + +https://coinmarketcap.com/exchanges/etherdelta/ + +I'm unsure if ED is having technical issues, but [IDEX](https://idex.market) is fully operational and running smoothly and accepting new users! You can learn more about IDEX on r/auroradao + +You can also read a great summary of the pros and cons of existing decentralized exchange offerings such as IDEX, EtherDelta and others here: https://coincentral.com/off-races-finding-best-decentralized-exchange/ + +Thanks again to the community for your wonderful support. + + +Quick summary: 24M completed my master's recently. I was fortunate enough to land a 50k job which I will start after graduation in the new year. This will be my first "proper" job. + +I'm from a working class family where my parents earn a low combined income. I've never travelled and feel like I missed out on life in general in other aspects as well so far compared to my peers who have way more interesting lives. Given my background I'm not a big spender but I'd like some advice on how to make best of this new income. I read around a lot on this subreddit and went from being financially illiterate to having some modicum of understanding on how pensions and ISAs work. Grateful for this subreddit! + +My question is about what my priorities should be. For the first year at least I'll stay home and focus on impressing my employer. I had thoughts on saving a large deposit by living with my parents and avoiding rent costs but I'd rather prioritise gaining new experiences, meeting new people and what not. My early 20s flew by and I have barely any highlights to speak of. + +I know about budgeting "fun money" but I guess my question is how large should this budget be at the expense of saving for a house and possibly looking after my family at the same time. + +Also should I create a savings account in addition to investing in index funds in an ISA or dump all of my money into the ISA? + +Thanks :) +Hi, let me start by recognizing the following: + +&#x200B; + +* There have already been several threads on VIDT on this sub +* The market cap is \~$15.5m, which is higher than most micro caps discussed (or spammed) here +* People often "shill" in this sub for quick-flip pump and dumps. This is not that kind of post and you won't see 4x returns in 8 hours + +With that out of the way, I will try to briefly summarize why I (long time holder, DCA'd to the bottom, no intention of selling any time soon) believe this has a strong chance to become a Top 25 token, and why that push is already underway. + +&#x200B; + +1. USP (basically the elevator pitch): VIDT validates and secures files/data on the blockchain, and does so via an easy to implement API solution. Businesses get the security and and immutability of blockchain without needing to dedicate tremendous time and resources for implementation. That's it. That's the elevator pitch. You can protect and verify data, invoices, files, certificates, etc. At first, it isn't the sexiest thing, because it isn't a chain itself, so there is no talk of ridiculous transaction speeds or unique consensus mechanisms, no technical jargon. But ask yourself: isn't that stuff antithetical to what blockchain really is about? Which leads to the second point. +2. The beauty is in the simple, elegant service. Due to the nature of what is offered, the oft-discussed pitfalls holding blockchain back from "mass adoption" are far less relevant: things like transaction speed, private key (mis)management, clunky UI, etc don't really apply to what is presently being done with VIDT. It is, in my opinion, one of the most business consumer-friendly, mass-adoptable tokens in all of crypto. That was another segue, because: +3. They already have clients who regularly use the service, like [AmSpec](https://about.v-id.org/amspec/) (oil and gas), Airbus, Krohne, CMS Law, etc. These clients come from a broad spectrum of industries and have come to rely on VIDT for helping them to defend against fraud. The company has been in **profit** since 2019. +4. Interoperability - VIDT recently unveiled (out of nowhere, I might add) a new product called DataLink, which focuses on bridging data across all of the major cloud hosting services (AWS, Azure, Zap, etc) and major blockchains including Ethereum, DigiByte, LTO, Waves, Binance Chain, Hyperledger, and more to come. The significance of interoperability is probably clear to anyone who sees where blockchain is going, but to sum it up briefly: the odds of one chain ruling them all are very low, but for blockchain to really be mainstream we need to know that the various chains can "talk" to each other. We also need to make sure that off chain sources can easily communicate with on-chain services. Starting to get the picture? In pure and grounded business terms, we are likely to see most (if not all) of the major chains partner with VIDT as the service grows in popularity and scope. Oh hey, another transition... +5. Use cases are increasing in scope and ambition, and I absolutely love to see it. VIDT has several projects in the works that have the potential to fulfill a lot of the promise that was envisioned when blockchain started buzzing. IBM is pleased with the progress of their collaboration with VIDT for capturing environmental sensor data for their [Internet of Environments initiative](https://www.ibm.com/easytools/runtime/hspx/uat/public/X0027/PortalX/page/pageTemplate?s=29e46daf5c954f42ac03e2fe2ba22d3e&c=29e46daf5c954f42ac03e2fe2ba22d3e), and this is expected to expand significantly. The VIDT team have also partnered with DigiByte on the Veritas project, which is securing digital identities, particularly for social media. That twitter hack seems relevant, doesn't it? And one of my favorites: VIDT has partnered with Fantom on a project that aims to bring transparency and authenticity to the world of politics by working with the government of Afghanistan, an effort that has been hinted to have a much larger scope than meets the eye. And more scope means more verifications using VIDT, which means more tokens spent! +6. Tokenomics are among the best in all of crypto. Seriously. The total supply is under 60m, with just over 43m (75%) already in circulation. Clients pay a fixed fee in fiat, and tokens are used at the equivalent price. This means, of course, that more demand will put pressure on the token price. And yes, if the token price is higher than the fixed rate, less VIDT will be used *per transaction*, but at that point the number of transactions will likely greatly offset that. In addition, there are monthly token buybacks and burns. Yes, every month. It is a relatively scarce (by crypto terms) token that will literally increase in scarcity every single month, regardless of market conditions. The token is divisible by 18 decimal places, so the deflationary process can continue for a very, very long time. +7. The team is amazing. I saved this for last because as an investor, one of the key indicators in deciding whether something is worth putting my money in (potentially long term) is the team. And I will say it now, there is no team like the VIDT team. These guys are humble but hungry. VIDT is their passion. This is their baby. They communicate regularly via [twitter](https://twitter.com/v_id_blockchain) and the official/news channel on Telegram, as well as on LinkedIn. You can see their faces, you know their names, they're in print, in videos, etc. Always meeting with potential clients, always building new functionality, always working hard. They have this energy because they know they're building something special. + +Looking at all that I've written, I have to apologize because I really did try to make this a brief summary. I suppose I'll close with some scattered but bullish thoughts: + +There have been roughly 6 straight weeks of news that coincides with [one of the nicest looking charts I have seen](https://www.coingecko.com/en/coins/v-id-blockchain/usd#panel): green on every timeline out to 1 year, all time high and price discovery seem to be within reach. The growth has been steady. Wallet count is over 6,000 and growing. And yet... it seems like most in the crypto space still either haven't heard of VIDT or still have yet to dive into the research. It's still not on any exchange bigger than Kucoin. It is already one of the tokens that sees the most use, and provides a bridge to blockchain for the outside world. Did I mention [they certify diamonds](https://twitter.com/v_id_blockchain/status/1282587675187347457) now? + +Considering all of the above (and much more, truly) and looking at some of the garbage that still sits above it in ranking, I really believe that this will be a Top 25 token before too long. The crypto world is starting to wake up to how big this token with a simple little elevator pitch could be, and the real marketwide FOMO doesn't begin until the big name "influencers" start talking about it. So with a $15.5 market cap this is still very much flying under the radar. Maybe the use case isn't sexy. Neither are "oracles," until you ask yourself how many companies could actually benefit from using them. That's the light bulb moment, and suddenly it all makes sense. + +Thanks for your time, always be safe and do your own research. +Hey all, + +Just to clarify, Iā€™m not looking for any actual advice i guess - just reading views and insights in this sub helps as it is. But I was out in the pub with a mate last night, toiling over a decision, and he passed on what I thought was some really good advice on a non-financial topic.....that you should alway imagine what your future self would want you to do right now? + +I thought that was really good advice and an interesting viewpoint and made me wonder......What is the best piece of financial advice that anyone has ever given you? +is there an app where you put in your paycheck, and it gives you a set amount youā€™re able to spend a day? iā€™m looking for something that will deposit the daily budget in my account and hold the rest so i can start my savings again. my problem seems to be if it is in my account, i want to spend it. trying to pull myself out of this before iā€™m out on my own. + +thank you! + + +**Ok, Iā€™m just gonna get right into the meat and potatoes. I am not an expert. Iā€™m not a financial advisor. Iā€™m quite a smooth brain and Iā€™m putting my thoughts out there to learn more than anything. Please correct me on any mistakes I am making. But given my knowledge, this is what I see.** \**Also note I wrote this to share my thoughts with family members and friends who arent involved in this (yet!) so forgive some of the oversimplifications of some parts and over-explaining of others* + +Between the top to index funds containing GameStop and the top ten institutions holding shares, the % of total shares held is already at **214.93%** (**PLEASE see edit 1 for a correction of this claim**), or **OVER A HUNDERED AND FIFTY MILLION SHARES**. With the total number of shares held by the company and not put out for sale equaling about 20 million of the 70 million total of the company, only 50 million shares should be held by outside investors and able to be actively traded. Ownership by institutions and mutual funds is already triple this (FIRA data taken from [https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.59.0](https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.59.0)). + +&#x200B; + +https://preview.redd.it/yuwobuhdjfs61.png?width=482&format=png&auto=webp&s=bc499b64117c67fc702831fcf8d34023ea0468d2 + +https://preview.redd.it/4cks6y2gjfs61.png?width=459&format=png&auto=webp&s=0ad2f67a16c0fd3b087270df1cce7e1b1d0323eb + +**Not only does the price reveal the falsified nature of the reported short interest** (the fines for lying about this are pennies in comparison to what they have to lose), but also has some **incredible implications for the magnitude of the squeeze.** + +**Where do these shares come from?** Hedge funds writing NAKED SHORT CONTRACTS in which they sell a shorted share despite it not actually existing or being held by the fund. This allows them to drive stock prices down by diluting the market and has long been a scummy tactic for making a quick buck by shorting a stock, driving the price down, and profiting off the dip. They have been using these same tactics to try and shake investors off of GameStop. It has fortunately not worked and now they are in deep shit. This number of shares held by institutions alone (which doesnā€™t even account for the mass of retail investors who have been religiously picking up shares over the past few months) implies at least a 200% short interest. That is a historic level and, given that it only accounts for the top to mutual funds and institutions, is likely much lower than the actual number. THATā€™S INSANE and if this thing ever gets off the ground the price could go up tens, even hundreds of thousands of dollars within a matter of days or even hours. This is a powder keg waiting to explode and hedge funds long on the stock (who believe the price will go up and are on the side of the squeeze) are doing everything they can to make it happen. It honestly just seems like a matter of time. + +**Price Dips:** + +As of the last trading day, April 9th 2021, the price of GME dropped approximately $12 a share. Normally, price drops of this magnitude indicate selling from investors exiting their position on the stock. These drops also have a psychological effect in which people panic sell to exit a falling position. + +**So, what was the buy/sell ratio of Gamestop by retail investors?** OBVIOUSLY, a day this far in red would both be caused by, and cause, people to sell off their shares? Right?? + +Well, if we take a look at Fidelity, an investment platform for retail traders, Gamestop had a 5 to 1 buy/sell ratio. For every sell transaction input to the broker, approximately 5 buy orders were placed. **Thatā€™s incredibly impressive even on a green day, but downright insane on a day this far in the red**. + + + +https://preview.redd.it/tl4kb0f1kfs61.png?width=624&format=png&auto=webp&s=3d54be3eb7e94ab25957b848ad0f24f930dcb1e7 + +**This shows two things:** + +**1.** **The price drops are not caused by people selling their shares.** + +**2.** **The price drops are not having the desired effect of shaking off investors.** + +Hedge funds short on the stock have multiple ways to drop the stock, either by selling further naked shorts or other, more complicated methods. Itā€™s highly unlikely that these dips are the result of anything other than this manipulation. Fortunately, they arenā€™t working, and if anything, are just digging the hedge funds into an even deeper hole once they are forced to cover. + +**Media Misinformation and Corruption:** + +Checking the news evidently gives a very bleak outlook on the Gamestop situation, with articles for months reading **ā€œForget about Gamestopā€**, **ā€œGamestop is over, check these stocks out insteadā€,** **ā€œRetail investors Burned by GME pump and dumpā€** etc. They have been saying this is over since the first squeeze. They said it was over right before GameStop soared again all the way up to 350/share last month. They do not cover any positive news on Gamestop, and even spin the positive progress towards transforming the company in a negative light (when certain executives resigned and were replaced by hard hitting ecommerce leaders handpicked by Ryan Cohen, most media outlets painted the departure as them jumping from a sinking ship rather than the incredibly positive change for the company it actually is). They have proven, time and time again, that they are not on the side of truth but on the side of the wealthy investors trying to cover their own asses by filtering what sort of content is published by the media outlets they have so much sway over. The research speaks for itself. I believe that a hell of a lot more than the unsupported, uncited, hit pieces that try to divert attention from the mess Melvin Capital and Citadel (and friends) have gotten themselves into. As indicated by the buy/sell ratios on retail investment platforms, so do most investors. People are not falling for this. Most retail investors are simply buying our time and waiting for the inevitable catalyst that sends us into space. By bombarding investors with constant waves of Fear, Doubt, and Uncertainty, they have only hardened our resolve and proved the lack of weight behind their words. + +**TLDR:** I like the stock. If you like the stock just HODL. Cracks are forming on the short side and this thing is primed for liftoff. + +**EDIT1 please read**: +It has come to my attention that there are repeated institutions and funds on the FINRA data. While I believed in the legitimacy of the data and assumed these were slightly different from each other (that happened to share similar names), it is now clear that the data itself is flawed in that it reports multiple entries for firms like Fidelity and Blackrock. HOWEVER, if we recalculate these values while eliminating duplicates, **we still end up with ownership of 59,815,466 shares, which is equivalent to about 85% of the total shares and 132% of the float**. While not the home run value I reported previously, **this is still incredible news**. Keep in mind that this is just the top 10 (or really top 6 after removing duplicates) institutions and we already have **ownership of more than 100% of the float**. Including smaller institutions and what I suspect to be a further 100%+ ownership by retail, this stock is still primed for the ride of a lifetime. +We have all heard this before, right? I remember reading it first in Rich Dad Poor Dad, and I always thought to myself ā€œwow, what a great concept!ā€ 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 itā€™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, Iā€™ve taken the FIRE approach that includes my health as well. What good is buying yourself time if itā€™s at your own expense? Iā€™m sure many people have heard the phrase ā€œat least youā€™ve got your healthā€ at one time or another. Thatā€™s because at the end of the day, thatā€™s whatā€™s most important in life, your health! We talk about money here in /r/fi more than anything but itā€™s just our vehicle to enjoy more of our health, later in life. In fact, I think Iā€™m going to start referring to it as my Whealth (make sure to pronounce the H). + + +So get to the point ā€“ 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 donā€™t take any thought or action once you set them up. What Iā€™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 Iā€™d have to brush my teeth & floss again, which I donā€™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 Iā€™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, Iā€™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 Iā€™ll pass up gas because ā€œI can make it until tomorrow and I donā€™t feel like doing it nowā€ 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 ā€œdonā€™t be a victimā€ 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 ā€œrun out of timeā€ 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 ā€œmeā€ time to focus on yourself. The alternative usually looks like ā€œToday was a rough dayā€¦ Iā€™m pretty tired. Iā€™ll just make sure I hit it tomorrow instead.ā€ 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 Iā€™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, Iā€™ve got some other topics I could write about and share. +I did my PGCE this summer and passed. I did not get a job in the UK and looked for anything in inner/outer London. I would have lived rent free in zone 3 with my parents. + +My curret salary in Qatar is 10200 Rial or Ā£2080 per month (no tax). I also get free accomodation worth 2500 real per month (Ā£510) which is decent. However I would be living rent free in London as well and when I send my money back to my UK account I usually only get Ā£2000. + +If I had stayed in the UK my salary would have been Ā£32,157 (pre tax) a year or Ā£2126 per month after tax (according to the MSE caclulator). But I do miss out on my teacher pension and [national insurance](https://i.imgur.com/wCqsIM6.png) of Ā£2719. + +Pros - Job, Free rent in Qatar, Work 45 hours a week instead of 50-55. + +Cons - Miss out on living in London, No friends, No family, No social life, No human rights, No NHS, No pension. + +I came to Qatar for work but am unsure if I should come back to the UK after only 1 term here. Loads of teachers just fly back in the middle of the night as they realise they don't like it. Is it worth heading back at this point for a higher salary and better quality of life? +As the title said I lost 42k ICN tokens (around 100k USD) +A month ago I was withdrawing the tokens from Kraken to my Ledger Nano S, but Kraken kept being buggy or not allowing withdrawals for many hours. +Then for a fraction of time withdrawals worked and being frustrated I rushed, my bad, and copy pasted the wrong address. + +The address I sent my 42k ICN to was my BAT deposit address on Bittrex, and I still have no replies from their support on the possibility to recover my funds even if itā€™s technically possible (ICN and BAT are both ERC-20 tokens) +Itā€™s not 1k or 10k, itā€™s 100k usd and it seems absurd to me that an exchange can just keep the present and not reply, they can just pretend a higher recovery fee. + +The support team doesnā€™t reply since a month. + +Anybody experienced similar problems and found a way to solve them? +Any Bittrex support on Reddit I can get in touch with? + +Itā€™s an incredibly relevant chunk of money for me, that Iā€™m leaving on their table. Any suggestion welcome, thanks +Message is clear. Not sure if someone has already done this. Only saw confirmation with other brokerage firms so far but then again I could have missed something. Anyway, the road is clean and the sky is clear for take off, Captain. Check all systems and we're ready for launch. See you primates on Andromeda. + + +[ALL CREDITS TO ARTIST OF THIS PHOTO.](https://preview.redd.it/ch9bl6npgmv61.jpg?width=598&format=pjpg&auto=webp&s=d12e7292c2d6c15693cbc11fb39f3593443aa94c) +I am an architect that focuses on residential design. I have a unique group of clients that all have one thing in common: they started tech/internet companies in the last ten years, and are all very, very wealthy. I have become good friends with most of them, and some have shared their success stories with me in great detail; including what some of their businesses have sold for. The least wealthy of the group sold his business for $140 million about 18 months ago. + +It blows my mind how money conscious they all are. One of the more wealthy gentlemen started a company that creates and customizes billing software for government organizations and large corporations around the world. He is worth at least $400 million. The home that we designed is about a $900,000 home. Thats it. He made "budget" decisions regarding countertop materials because he felt we were getting too close to "the number he wanted to spend." I felt close enough that I wanted to ask him why he wouldn't go over budget to build the home of his dreams, or at least get a few nicer finishes. He said that they are just countertops; they wont make his life any better. He said he learned along time ago that the worst mistake you can make no matter how much money you have is blowing a budget out of the water just because you can. It takes discipline to meet a budget, and he wants to remain disciplined so that he still has that "refined skill" long into the future when it might be a $30 - 40 million transaction, not just a piddly $4,000 countertop upgrade. I was shocked and impressed. + +The amazing thing is that the guys that have this ridiculous wealth are all like this (at least the ones I interact with). Its the guys that make $300,000 to $600,000 a year that act like they have all the money in the world. Imported tile from Italy, German made cabinets, etc. + +Just thought I'd share a quick story that we all might benefit from, and demonstrate that there are some really responsible wealthy people out there. + +Edit: since this post has gained some traction, I thought I'd share another tidbit. This one doesn't fall under the "solid financial advice" column, but more of a personal tip in the pursuit of wealth. I am an eager, ambitious young man (31). One of these clients (the one that I would consider my closest friend out of the bunch) can see my eagerness to get to where he is. He has helped me try to manage my angst, and really enjoy the ride. Having sold his business for nearly $300 million, he shocked me one day when he said "you know lostandfounder, I envy you." I laughed and said "yea right." He said "I do, I really do. You wake up every morning knowing that there is something great out there and you still have too go get it. You wake up every morning knowing that if you don't give it your best, your finances will suffer, your goals won't be met, and your family may go without. I will likely never feel that again. Sure, I am involved with charity work, and I try to give a lot back, but that satisfaction doesn't match the chase. the pursuit, the fight. My advice, lostandfounder: enjoy it while you can. Be grateful for the struggle. Appreciate the unknown. Wake up every day and go get it. Cause one day you will wake up and it will already be there. Then what?" + +This has had a lasting impact on me. "then what?" doesn't mean that this man has lost his fire; anything but. It just means that his days of unsurety are gone. he has to find new ways to challenge himself. He will likely never be faced with an "eat or be eaten" situation again. + +edit 2: A lot of people are ragging on these guys. They are a small cross section of wealthy people. I think they are very unique not only in their extreme wealth, but in their appreciation for life, charity, graciousness, approachability, and general concern for family/friends/community. These are good people. They may not live like most extremely wealthy people do, but if they did, I wouldn't have any reason to be inspired to make this post... + +To the people saying that the guy in the first edit should just give away all of his money and start over if he wants that feeling back again, I'd like to explain a little better. The point was never about him wanting to be back at square one. He is immensely grateful for his fortune. He wouldn't part with it. He was helping me see that there is a lot of joy to be had in the journey. That the man that only looks ahead to what he wants or what he could have, will never be happy. Have you never been is a bad situation, only to get out of it, look back, recognize that it may have sucked but it was a truly character building situation, then said "I never want to have too do that again?" That is where this gentlemen is at. He recognizes that the pursuit is difficult, but that it can and should be enjoyed. he in no way wants to go back to that point now that he has made it. + +Edit 3: cleaned up edit 2 to not sound like such a jerk. I changed it to just be informational, not inflammatory. + +&#x200B; + +*Expanding on the words of Wes Christian* + +&#x200B; + +[Take your protein pills and put your helmet on](https://preview.redd.it/lbxrma1j66071.png?width=750&format=png&auto=webp&s=636aa4d4650edf86639178d58b7d32f0121c5cf3) + +&#x200B; + +[Here's the link to the Wes Christian AMA that inspired the fuck out of me](https://www.youtube.com/watch?v=2rJujnpKiqM&t=350s) šŸ’ŽšŸ™Œ + +&#x200B; + +***"So, first I want to thank all the followers in this group. Which I understand is close to 300,000, so realize that each one of you are important to the cause, exposing this, getting this information out is critical. It's going to take all of us to make a change."- Wes Christian on Superstonk*** + +&#x200B; + +Did you hear that, Superstonk? How about you in the back, lurkers? ( Ķ”Ā°( Ķ”Ā° ĶœŹ–( Ķ”Ā° ĶœŹ– Ķ”Ā°)Ź– Ķ”Ā°) Ķ”Ā°) + +&#x200B; + +YOU'RE NOT ONLY IMPORTANT, YOU ARE HELPING PRODUCE AND DISTRIBUTE CRITICAL INFORMATION TO THE PUBLIC!! + +&#x200B; + +&#x200B; + +[300,000](https://preview.redd.it/dqf3uai1b6071.png?width=259&format=png&auto=webp&s=4cd286e82fe811f67ad2202ae3538904c32bfd56) + +&#x200B; + +***"It takes a gargantuan effort, it takes people as strong as apes."- WC*** + +&#x200B; + +Apes are strong. Evolving. Adaptive. Resilient. And cunning. But they are stronger together. + +&#x200B; + +&#x200B; + +[šŸ¦šŸ¤šŸ’Ŗ](https://preview.redd.it/1wravsm566071.png?width=800&format=png&auto=webp&s=595e722c50b029c06018df2610a752296a58b799) + +&#x200B; + +***"It takes a warrior. It takes somebody that's principled that never gives up."- WC*** + +&#x200B; + +On days when FUD is high and hope is low, every single ape has to realize that it will take the diligence and resilience of a warrior to win this battle. Leroy Jenkins is within us all. + +&#x200B; + +&#x200B; + +https://preview.redd.it/qd589acz56071.png?width=732&format=png&auto=webp&s=3de0883b5aac6d0976c584be45ad6c7084bf7a2d + +&#x200B; + +***"It's up to each of us to make a decision. Do we want to be on the side of right or wrong?"- WC*** + +&#x200B; + +I think we all know which side the apes are on. And history will remember. For generations they have been robbing our families, stealing our ideas and our land and resources, negotiating our time and talents for pennies on the dollar, kept us in class and race wars to distract from the fact that... they've been stealing the world's wealth for a lot longer than Gamestop has been a company. And the game stops here. + +&#x200B; + +&#x200B; + +https://preview.redd.it/rgjqyk0986071.png?width=620&format=png&auto=webp&s=a806387a4178aaae1cb38ad42089018cae14d1ef + +&#x200B; + +***"How do we want to spend the talents that God gave us?"-WC*** + +&#x200B; + +Are we going to let the FUD stop us from using our talents to grow, nurture, and thrive within this golden think tank that is **quickly becoming bigger, mightier, and more precious than the City of Athens?** Or are we going to put our wrinkles to work and create to share, to spread knowledge among our kingdom of apes, new and OG alike, and fortify these great walls we have built from the ashes of WSB and GME. To protect the culture and the inevitable philanthropy and hope that will come from these walls post-MOASS... we are a force to be reckoned with. What we are building together within the walls of this city will stand tall and proud, long after the squeeze has squoze.šŸ’–šŸ’Ŗ + +&#x200B; + +&#x200B; + +[Superstonkers debating the new DD](https://preview.redd.it/rw8xc2t286071.png?width=300&format=png&auto=webp&s=33995532e23ef719dc0a78f6a5dc521e7816cec0) + +&#x200B; + +&#x200B; + +***"Ultimately it's going to take massive amounts of people to want to be involved in this to expose it. We're gonna have to come together as a similar*** ***~~wolf~~*** ***ape pack to share education to educate ourselves and fight it. And to ultimately win the battle at least as was done in part with Gamestop."-WC*** + +&#x200B; + +&#x200B; + +https://preview.redd.it/31wawei996071.png?width=760&format=png&auto=webp&s=55185963254d4427ac93e13569588704fb98813b + +&#x200B; + +# "It's gonna take a massive effort by the investing public to RISE UP..."-WC + +&#x200B; + +[RISE UP!!](https://preview.redd.it/pqgywege96071.png?width=1258&format=png&auto=webp&s=01a4702a43e6cf1d4217aeb1e17ea9b377d9ab89) + +&#x200B; + +# "This effort that this group of ladies and gentlemen are involved in is CRITICAL it's MISSION CRITICAL..."-WC + +&#x200B; + +&#x200B; + +https://preview.redd.it/jhhlykeo96071.png?width=300&format=png&auto=webp&s=300b34e3b485d23fa0ec448356f8d2551c9b6b69 + +&#x200B; + +***"Fakeness, or lies, deserve no place in this process."-WC*** + +Go with your gut. If someone tells you there's a price ceiling, and especially if it's in the (low) thousands, they are *fucking* *liars*. You know who tells you that the price ceiling is anything below an absurrrrd amount of money? + +**People that are paid to tell you that. And to sell on the way up. Especially as anything but a limit order. It's confirmed FUD. Ignore, report, correct in the comments. Call out those shill motherFUDers. Remember, if it looks like a duck and quacks like a duck! šŸ’ŽšŸ™ŒšŸš€šŸš€šŸš€** + +&#x200B; + +&#x200B; + +[THERE IS NO CEILING FOR HODLERS](https://preview.redd.it/xdai6nxca6071.png?width=300&format=png&auto=webp&s=ece6baa7a0f507457cc47751b8dcd4ad1ef03390) + +&#x200B; + +***"Dilution is a very important point- Dilution is an actionable form of damage model."-WC*** + +&#x200B; + +https://preview.redd.it/a3364ixzb6071.png?width=638&format=png&auto=webp&s=d64d875e94adc5912965ea3bfee4165c89019b69 + +&#x200B; + +I.E. big lawyer speak for, if you own shares, and your ownership has been diluted (like can be proven by overvoting) because of naked short selling, then **THOSE DAMAGES GIVE SUFFICIENT REASON TO TAKE LEGAL ACTION!** + +&#x200B; + +# šŸšØOMG WE CAN SUE THEM!!šŸšØ + +&#x200B; + +# "In the next 3-6 months you're going to see some major things happen on the legal side. We've been increasing our bench exponentially, we've put a big pot of money together, and we're gonna go after this in unprecedented way." -WC + +&#x200B; + +https://preview.redd.it/sffrw8hxc6071.jpg?width=800&format=pjpg&auto=webp&s=358e51bdda8ccc3a5007dbfbb683731a26f97cb0 + +&#x200B; + +***"What can change this? Doing what SuperStonk is doing, because it's going to take massive amounts of people to be involved to expose the bullies out there."-WC*** + + So what can you, dear ape, do to best help the cause here? VOTE YOUR SHARES! Upvote good content! Follow your nose and report FUD. **BTFD. HODL.** DIAMOND HANDS ARE STILL EVERYTHING- NO MATTER HOW LONG (or short šŸ˜)!!!! Basically, just keep being fucking awesome. šŸ¤™ + +Voting your shares, or finding out what you can do in the case that you can't vote, is the most important thing you can do right now. + +&#x200B; + +**No matter what happens, dear apes, HODLing got us here. And HODLing will take us to the moon and beyond. Remember that by VOTING AND HODLing, we are the catalyst. The catalyst has literally been inside us the whole time. šŸš€šŸš€šŸš€** + +&#x200B; + +https://preview.redd.it/n2b2ptu7g6071.jpg?width=1920&format=pjpg&auto=webp&s=99ba6e371ceac8a1cbcaf019c9b39933c9639f89 + +&#x200B; + +**Stay strong and ever vigilant, my dudes. āœŒ** + +&#x200B; + +šŸ’ŽšŸ™ŒšŸš€ +Most of us are living as wage slaves. This is shouldn't be the norm. There is only one life to live and we spend it as wage slaves. The system is built to profit billionaires. System doesn't care about us. + + I'm not aganist working but wage slavery is bullshit. + +Crypto seems like the only hope for us, average people. + +I hope we all make it. +With Ethereum switching over to proof of stake and L2s starting to take off why should I not sell every competing L1 I own and just switch it into Ethereum or ETH L2s? + +All the common FUD points competitors used are all but gone now. L2fees are around 0.01-0.02$ right now and after sharding will be 0.0001-0.0002$. + +Why would I ever use a competing less secure blockchain again? +Got about 100k cash and I've been selling straddles and iron condors for a while. Trying to make about 1-3% per month. Market up 5% in a day last week hurt, but overall I think its a good strategy to slowly make some cash. + +I know options on futures are more cost effective and tax efficient. Are there any strategies that would work better with futures than what I am doing with equities already? +Starting a small account challenge with $500. What are the best strategies with this limited amount of equity? + +Edit: Money is not the issue. I've been doing CSPs and CCs in my larger account but want to use this challenge to a) challenge myself to be stricter in my trading, b) learn some new strategies and c) see how big I can grow this account over a year. +A kidney sells for $262,000. A kidney transplant costs $400,000. One year of hemodialysis costs $72,000. + +Considering how fast MSFT is mooning, you could sell both kidneys for $524,000, buy MSFT options, become a multi-millionaire, then get a kidney transplant. Even two kidney transplants if you want to feel whole again. + +Hell, even in a post-MSFT era, you could sell both kidneys, get a kidney transplant, pay for a year of hemodialysis, and still have $52,000 left over to throw at FDs. But since you pay after the transplant and all, you could also spend the transplant and hemodialysis money and claim bankruptcy. + +Anyone know where I can sell kidneys? +Good Evening Everyone! + +I want to get my tits jacked for this coming week but I'm going to keep my expectations tempered as I think we are in for another week of sideways trading and getting dragged around by the major indices. To wit, if the market drops significantly, with the current events going on (BofA, Evergrande, Debt Ceiling, etc... it's not unlikely) GME will drop with it, to a point. + +This last week saw 9.86 million volume traded and a price decrease of - 4.46% ($-8.25). + +[GME 5D performance](https://preview.redd.it/d1ybyugqibr71.png?width=840&format=png&auto=webp&s=d8a777bf263801357ab00cfa33a2a669fbc221cf) + +With the Russel 1k, S&P 400 and other major indices all down this week as well it seems aside from some extra interest on the short side we are tracking pretty closely with the market for now, with the exception of Thursday which I'll discuss in a minute. + +[SPY 5D performance](https://preview.redd.it/5ktvwbe6kbr71.png?width=842&format=png&auto=webp&s=e393560a5eccd11696d6e91f9d6dba5b3717c053) + +So why flat? + +Well I'm am patiently waiting to see if my theories on the Futures Roll Over anomalies plays out and to see if FTDs from that event begin to pile up beginning on October 13th. If you want to see more on that theory you can check out these two videos. + +[Fast Version](https://youtu.be/r7LMjf_p0XQ) + +[More in-depth live cut](https://youtu.be/F68fQLHn0Zo) + +I will live stream a walkthrough of this [DD of this on my YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this, or have visual impairments/reading comprehension issues. Then do a quick Q&A for about 15minutes. I t will also be archived for future viewing. This will be on at... + +9:30pm EDT/UTC-4 + +# Part I: WTF happened Thursday 9/28 + +Well remember that 10m volume that we expected for Tuesday last week in order for them to keep [u/Dr\_Gingerballs](https://www.reddit.com/u/Dr_Gingerballs/) FTD pipeline nice and clear ([Per his T+69 theory](https://www.reddit.com/r/Superstonk/comments/pk1g5d/t69/)). Well that sudden burst of volume Thursday (T+2) may have been the settlement period for the FTDs that they failed to clear. We are going to wait to confirm this when the FTD data comes out from the SEC on the 15th of October. + +# Part II: Technical Analysis + +We actually have a decent bounce signal on the EMA 120 this week as you can see here ... + +[Bounce Setup on the descending wedge on the EMA 120 ](https://preview.redd.it/gozflz5hpbr71.png?width=2457&format=png&auto=webp&s=fdd8f8e355512ae2ec572bba1035d71dd8ea4093) + +Historically this zone between the EMA 120/160 has been a reliable indicator of previous bounces + +[Previous bounces between the 120\/160 EMAs](https://preview.redd.it/v12taczlqbr71.png?width=2462&format=png&auto=webp&s=1d136c6531a5712c949071ae7bd9d1e7bdc1fb86) + +However with my low expectations for volume this week and general market uncertainty I expect our price action to play out something like this, as a best case scenario. + +[Bullish price action with a flat market and a bounce off the 120 EMA](https://preview.redd.it/aimgmkkitbr71.png?width=1071&format=png&auto=webp&s=b6224a7f83a45a7718eb86bbeb49752101fa3748) + +If we see a correction continue in the market I expect something more like this to play out. Bouncing of the EMA 160 instead. + +[Bearish Price action with a continued correction and a bounce on the 160 EMA ](https://preview.redd.it/jppomq7vtbr71.png?width=964&format=png&auto=webp&s=b98af1f38b28531c4afdcdf35ffcd2963675741b) + +Max Pain moving into tomorrow is sitting around 180 I expect that will rise if we see a nice bounce on Mon/Tues, if not it will drop leaving us closing out the week somewhere between $170-175. + +**Section 2: Oscillators** + +**MACD / Stochastic RSI / ADX-DMI** + +Everything here pointing at flat slightly down week, these do not indicate any significant momentum to the downside but they do show a slight downward trend is expected. + +\**MACD and ADX are not a good predictor of a bounce. So while they appear bearish they have no bearing on the previous sections analysis. StochRSI however could see a bounce off oversold as it approaches 20.* + +[Oscillators on the 1D](https://preview.redd.it/wsrx1qjmwbr71.png?width=1523&format=png&auto=webp&s=0e8537289378cd39fb813da182d5b0f8b4d4d820) + +**TLDR;** + +While we are set up nicely for a bounce a dip in the market can drag us down due to low volume. As usual or bid/ask spread continues to grow wider and illiquidity remains and issue leaving room for violent upside potential to occur at anytime. A prediction of a flat week does not mean that we cannot run at the drop of a hat and even though I expect them to cover any FTDs at the latest possible date they can be covered at anytime during the t+35 cycles. + +# Section 3: The Market + +With 19 days of bearish divergence on the SPY this is not looking good for the next couple weeks and we are rapidly approaching that 3rd Monday of October. With the negative news still shifting sentiment to bearish I expect the markets to continue to chop and possibly lose even more ground over the coming weeks. As news from BofA breaks, the Debt Ceiling remaining unresolved, and the China/Evergrande situation plays out. It seems inevitable at this point that the market is going to come down it's really just a question of when. + +It's inability to regain $435 this last week indicates further weakness as we now enter a new week inside a correction zone for the first time. + +These are the price points I'm looking at to indicate the severity of the correction. + +[SPY correction zones 1D](https://preview.redd.it/740gu60j1cr71.png?width=1530&format=png&auto=webp&s=8a0834aa576e11b6dcb2a6043ae3dbc220423042) + +The Schiller P/E is down about 1 point from last week + +[P\/E 10 from 10\/1](https://preview.redd.it/szmr30bt1cr71.png?width=948&format=png&auto=webp&s=3f8246807c5047c9ab21d737db4542955ee40d69) + +# Conclusion: + +The market may and most likely will continue it's downtrend, likely pulling GME down with it. Some decent volume from a possible bounce will likely see GME push back a little to the upside similar to what we saw last Thursday. Simply biding time this week as I wait for my theory on these future cycles to play out and. I suspect towards the middle of this month we will begin to see a significant increase in FTDs from the failed futures rollover and continuous DRS of GME shares. But the first data set from this will not be available till the 15th of October, unless we get a surprise inclusion on the RegSHO Threshold Securities List, which I am watching for. + +5-7 More Trading days till I expect any significant movement from this... + +https://preview.redd.it/fbt56rmt3cr71.png?width=667&format=png&auto=webp&s=439f19aeb3598435d9ec93d16578987c1f312642 + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +or check out the [Discord](https://discord.gg/BGmjnrvHnw) for more stuff with fellow apes + +**As always thanks for following along.** + +šŸ¦ā¤ļø + +\- Gherkinit + +**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/) +People post about these IRS scams all the time here. [Vox ran an interesting article](http://www.vox.com/first-person/2016/10/18/13276464/irs-scam-phone-cartoon) following how the scam works from beginning to end, and talking about some of the tactics and techniques and process of how they work. + +Hopefully this is something that people here can learn from and is a pretty straightforward way of explaining what's really happening. It's easy to think that people who fall for these scams are really dumb, but I think the article brings some perspective to just how wide-reaching and persuasive these scams can be if they catch the right person at the right time. +Hola simios, + +Soy yo Gherkinit, here with another day of munching down my favorite crayon flavors, todays flavor green is brought to you by T+13 theories and possible enactment of NSCC 801. GameStop is definitely moving towards zero liquidity as yesterday we saw international buy orders coming back unfilled. It would seem as though MM don't mind counterfeiting short shares ex. 750k available to borrow even though no buyback occurred on the open market to replenish them. But I guess they are now done printing IOU's for apes, internationally at least. + +Come to America the only country were you can still buy GameStop! + +Reddit was down yesterday again please make sure you bookmark these links in case of more outages. + +If you want to find out what VWAP means check out the stream on [YouTube](https://www.youtube.com/c/PickleFinancial) + +And for our live audio feed you check out the [Discord](https://discord.gg/HbqnUVsSrH) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, **150**, 152.5, 156.5, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, **200**, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# After-market Wrap + +Here are our stats for today. Looks like the lowest volume day YTD by over 1M shares. We only closed down .77%. Not much to say today but I hope I kept it interesting. + +Thank you all for the support ! + +I'll see you bright and early tomorrow for another fun day of trading ! + +https://preview.redd.it/o621nhl4zcx61.png?width=751&format=png&auto=webp&s=878651e07282089399f0f25961de7d2e89036844 + +Edit 15 3:42 + +Dipped with the market looks like we are recovering, down .5% for the day... + +https://preview.redd.it/zg497ol6vcx61.png?width=1021&format=png&auto=webp&s=2b1724aef5c1e1feb3642e1997e128449f8ce9b1 + +Edit 14 3:05 + +I know I make this seem exciting but here is the whole day + +https://preview.redd.it/2q52cddeocx61.png?width=1369&format=png&auto=webp&s=f41954aa86684fef178cd5047ce4e13834373537 + +Edit 13 3:00 + +Tried and failed, also, yes, it took that long to test 162.5 + +https://preview.redd.it/exw0zphkncx61.png?width=1235&format=png&auto=webp&s=745030f3355ee6fd67d80930c46d55e4e995de00 + +Edit 12 2:15 + +Tested 162.5 and looks like it's going to try again + +https://preview.redd.it/wdgs25alfcx61.png?width=1019&format=png&auto=webp&s=bc74fcf3e3cb8ab4a855efda843f0485f8a6946c + +Edit 11 1:50 + +Moving up to test VWAP we are on track for a new historically low volume day. + +https://preview.redd.it/fq9ktah4bcx61.png?width=954&format=png&auto=webp&s=adbec3d7d0ee82cdb521d89c860065acd51672a8 + +Edit 10 1:22 + +Literally nothing. + +https://preview.redd.it/gwdpv3y16cx61.png?width=1126&format=png&auto=webp&s=e41bf87bfc444c7260af7a3078e237afeb091acc + +Edit 9 12:38 + +Massive Head and shoulders looking pretty weak. Volume low might dip back to 157\~ as we slipped on the re-test of resistance. + +https://preview.redd.it/a801vyz7ybx61.png?width=1237&format=png&auto=webp&s=6169a94d52d79353fed94eb28b0340ae68beb50b + +**Edit 8 12:01** + +dropped down as actual MM got angry about my blatant manipulation retesting VWAP + +https://preview.redd.it/vd62qc8mrbx61.png?width=851&format=png&auto=webp&s=9b1cff3cd1b416eeac51145de326bc327b69f24c + +Edit 7 11:33 + +I'm being accused of manipulating the market but it seems to be working, stay tuned for "10 secrets MM don't want you to know". + +https://preview.redd.it/m905zmqsmbx61.png?width=1136&format=png&auto=webp&s=1beff36ed51aad740a5c788d1b3a345e72151d93 + +Edit 6 11:10 + +Trending up to test 162.5 volume is pretty low so I expect any test to be rejected. + +https://preview.redd.it/rer0ytsiibx61.png?width=1240&format=png&auto=webp&s=012e39265fea028580c3ebc99397559cdcee0ba1 + +Edit 5 10:52 + +Chopping along VWAP nothing to see here. + +https://preview.redd.it/cbpuqlp9fbx61.png?width=1376&format=png&auto=webp&s=03fb7d3d80b974c1a14b8eaa25ff2a1c87561a39 + +Edit 4 10:20 + +bounced at 158.8 looks like another test of VWAP then possibly 162.5. Market now sideways. + +https://preview.redd.it/ead5fmjn9bx61.png?width=1271&format=png&auto=webp&s=541da797503072c08fdd7b53953baa3fe8dd5b43 + +Edit 3 10:05 + +Yay! more Market Correction Sales. This can bring us down a bit much like yesterday. + +https://preview.redd.it/avconk8x6bx61.png?width=1005&format=png&auto=webp&s=643232c1202e0cfbbca858f34e6f4801699f324e + +Edit 2 9:44 + +Descending channel forming, we are actually holding the line pretty well given today's overall market performance. + +https://preview.redd.it/mlo6sa483bx61.png?width=1428&format=png&auto=webp&s=5922d0e2e27f0a53a44c0624a50f667dbda9b8b9 + +Edit 1 9:40 + +550k Shares Borrowed to short so I expect there will be some turbulence if the stock tries to go up + +Seems like it will be fighting for the 162.5 resistance for now. 263k Volume + +https://preview.redd.it/6ezombox1bx61.png?width=989&format=png&auto=webp&s=d08d44e56a781c8830b7e73617007d1ad1a7b258 + +# Pre-Market Analysis + +Pre-Edit 1 + +First I wanted to show everyone a quick look at that Bull pennant for this week. We are still in it after a really low volume battle at 157 yesterday we crept back into the 157-162.5 channel with a bit of cushion on VWAP + +https://preview.redd.it/n3xi9ir7oax61.png?width=999&format=png&auto=webp&s=f80b35570d9efc654bb552598e7c2e0c0f7f2e9e + +It also looks like we had a nice gap-up to a peak of 165 in after-market. Filling the gap down from Monday's after-market. + +https://preview.redd.it/fb0tcghgoax61.png?width=1343&format=png&auto=webp&s=caa68f0f22eff886be30401c5109d7129ec9f616 + +CV-VWAP still looks neutral. We had some arbitrage on the dip yesterday, but nothing major. + +https://preview.redd.it/oi23tk6yoax61.png?width=1258&format=png&auto=webp&s=12ffee4b682a234c2c3322d1316a3dc1f426aa58 + +*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +[Article](https://concreteplayground.com/sydney/design-style/sydneys-first-renters-only-apartment-building-is-focused-on-community-living?fbclid=IwAR1a5_uZlqnt_Fesqso13QOiOkvf1MIHyAszoGOUvWJ7XF_gD7FH_D2s_VA) + +Apparently: + +* pet-friendly +* full of amenities +* you can make adjustments. + +Tbh, although I don't like corporations owning everything, this may be the way forward. Standardised policies + professional staff = more impartial judgements and the stability is a plus. + +Thoughts? + +EDIT: their website reminds me of student accommodation and their lack of upfront pricing suggests its fairly expensive +Hello all in pf, long time lurker first time poster, ironic it's on this topic + +I've been battling cancer for over a year and due to a few things lining up poorly on the cancer front at the same time I've been given as little as a month to live. I don't have much in the form of belongings or investments though I do have some. My medical insurance has those expenses covered until I come to my end. + +I would appreciate any advice in what I can do with my time left to help cover other expenses when I'm gone or to take care of those I leave behind +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! + +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! + +Over the past two months there has been an influx of reported links in this sub. + +The issue is unless a link is obvious spam or breaks our listed rules, we have no idea why it has been reported and basically assume someone doesn't like the article/post or just disagrees with it. If that is the case, you should be hiding/downvoting the post and not reporting it. + +If you are going to report a link, please send the mods a message notifying us of what the problem is with the post otherwise nothing will happen. + +Please upvote this post so the community can see it - it is a self post and results in no karma. Thanks. +I keep stumbling across threads on the main subreddit, of people (Americans mostly) coming out of uni and hitting $60-80k+ annually in their first job like it's normal, reaching 6-figures (in dollars) after only a couple years. + +To be honest I saw a similar thread recently with UK grads talking about their salaries and they seem *so* much higher than mine! Granted they were Londoners, but in similar fields they said they were earning in the range of Ā£35-45k easily, completely fresh out of uni... I'm a few months into an engineering grad position and am only on Ā£24k... Most grad jobs in my field I've seen pay Ā£28k max to begin with and that's what mine is (hopefully) projected to reach after a couple years. + +I'm enjoying the recent policy change in that I don't have to begin paying off student finance for tuition fees yet, but... + +What's going on? Are people on the internet *shock horror* exaggerating? What's the reason for these huge disparities? I understand health premiums and things like that are hugely expensive in the US whilst we have the NHS through our taxes, so that's part of the scaling... But then again a load of things are way cheaper in the US. I don't get it. My American friends bawk at how from their perspective I get paid basically nothing. Feels like my STEM degrees were pointless. + +Would appreciate some answers to help recover some sanity and peace of mind! +Anyone ever have people happy when the crypto market takes a dip? When I arrived at work today there was a couple guys standing there with big smiles on their face. "Did you see what happened to your bitcoin over the weekend?" I sold my bitcoin awhile back but they don't know that. I just said "I sold all mine on Friday and bought back on Sunday" Which was true just not bitcoin but that was beside the point. Made my freaking day to see their smiles fade and hear their voices go monotone as they congratulated me. Why in the world would you be so happy if you thought someone lost a lot of money? It's not like I brag about it either they ask I answer that's it. +I'm not yet RE, but two years ago I stopped working for someone else to work for myself. I've found one of the greatest things about being my own boss is walking my dog around the block in the morning without feeling rushed, and watering the plants in my garden before starting to work. It's my own "commute" to my home office. Total cost? Virtually zero. But it connects me to the world and the moment and my good life. So for those of you that have RE, what has happily surprised you about RE - what gives you great joy/satisfaction at a relatively good price? +Heard Investing in FDs is the safest investment, though it gives an interest rate of up to 5.15 -6.45% p.a. But the average inflation rate is 7.5% per year, which is greater than FDs. Is it still a good choice to invest in it, or what are the other schemes that we can use to protect ourselves from inflation and earn better returns? +It blows my mind how much power these individuals have with their money. They can basically control every aspect of our lives just by feeding us with information that they ALLOW US to see. + +I think that with GME we swallowed a massive red pill from matrix to witness all of this corruption. +We now know how they did it for GME related things. Using the media to manipulate the whole society because we gave them our trust that they are doing honest work. +Now it blows my mind how they did everything like that outside of GME, way before, all these years. + + +Google is a f#cking joke, FB is a joke, Twitter is a joke, Youtube is a joke. literally all of them. +So now, just some f#cking rich ass boomer comes to them, gives them money or threatens they will sell their stock, then they do what they want. Promoting their ideal beliefs, promoting their products and silencing everyone that has something to prove them wrong or say against. + +Only because they have billions, they shouldnt play god. But oftentimes after being a sore ass loser all their life and got lots of money with their criminal activities, after money, comes the greed for power. +And this is what we witnessed all this time especially in the GME Saga. + + +They used the media, the shills, their cheating algos, controlled brokers, darkpools, psychological damage, lied in congress, lied everywhere they could, mocked us on CNBC and other platforms. +And we played poker with open hands here on superstonk, and they are still going to lose. + +How f#cking pathetic man. Now they are going full emotional and cry on twitter like a little b#tch they are. Showing their true character of a loser, hopelessness, from where they came from initially. + +I wish that this corruption and manipulation of all things will stop for good and let us finially breathe as a human species. Innovate what we like, not what we are allowed to. Talk what we want, and not what we are allowed to. Share things we want, and not what we are allowed to. Buy things we want, and not what we are allowed to. And for all other things they were restricting us all this time, so they could benefit from it. + +disgusting losers, here ends the cheatcode of life for you. +Good Morning Superstonk! + +Now officially a pickle, I'm ready to scribble even more furiously with my crayons than ever before. + +I wanted to seriously take a moment and thank all of you apes for all your support knowing you are watching and interested in learning has been what has motivated me to do this every day for the last few months. Thank you all so much for the kind words, encouragement, and motivation. + +I'm pretty stoked on this week we had a very nice period of consolidation and I'm think that today or tomorrow we should begin to see some upside. + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/oe8h49/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +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) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +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, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 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... + +# Closing Bell + +I suspect the SHFs are holding the price down throughout the day then allowing it to climb/covering a small amount of daily shorts towards power hour in order to spike the IV for the next morning. Possibly in order to make gamma ramps more expensive to set up. Either way rough day but we had that nice bounce a couple times down @ 194 closing in on 200 in aftermarket. Thank you all for tuning in and see ya tomorrow + +\- Gherkinit + +https://preview.redd.it/ugxq6166fn971.png?width=705&format=png&auto=webp&s=3fc1bca6cbcd2cfd39cd661625690cb2ed7e2e27 + +Edit 7 3:23 + +Moving up to another test at VWAP hopefully some volume before close to get us back above 200 would be fantastic. + +https://preview.redd.it/qcp7rcv68n971.png?width=1508&format=png&auto=webp&s=b53e3812055918a11b8b2520cb52447c77607435 + +Edit 6 1:57 + +Nice bounce off that long term trend. Some Iran uranium stuff has the spy getting all excited. Easing that downward pressure we could have a nice power hour. + +https://preview.redd.it/tqz0h6zzsm971.png?width=1640&format=png&auto=webp&s=f28f040e9f9165b5493bf89a2d09ea71cfeb7684 + +Edit 5 12:52 + +Still down and sideways trading on top of that long term resistance now at 194 + +https://preview.redd.it/ydstjf6ahm971.png?width=1430&format=png&auto=webp&s=4bea1fce381547e750d55c6a613000af2e38f91d + +Edit 4 10:45 + +GME and SPY running real close but our lack of liquidity is preventing bigger dips. Apes hodl. + +https://preview.redd.it/hwp00n4oul971.png?width=1621&format=png&auto=webp&s=3f1e57cd6f5e34b842fec378a81b93f8fad256bb + +Edit 3 + +Double bottom might see a bounce the volume is still sub 1m so maybe just back to 200\~ + +https://preview.redd.it/b9vt0quiql971.png?width=1630&format=png&auto=webp&s=819af0883e2cb20604014c983ae799a127ad4fa2 + +Edit 2 + +looking at 194 on that lower trend line + +https://preview.redd.it/ahz845xall971.png?width=1613&format=png&auto=webp&s=e849811ad8c792b39e2aa263d80a724de9848a18 + +Edit 1 + +SPY tanking overall market dragging us down on low volume + +https://preview.redd.it/gdntqqtijl971.png?width=1627&format=png&auto=webp&s=9748041b6c67240c988a5d40b04feb588da3642b + +# Pre-Market Analysis + +We got another awesome announcement this morning about GameStop's new 530,000 sq.ft. facility in Reno, Nevada, so I expect we will drop /s. Thankfully it looks like they are gonna start deploying some of that capital before inflation sets in which will drive value in the long-term. Currently sitting on about 450k shares to borrow and low pre-market volume @ 18k. + +While I fully expect us to bounce on the low-trend of the cup & handle there is a possibility that we trade down today and bounce off the long-term trend indicated by the ascending triangle on this weeks formation + +[Lower cup & handle trend bounce expected \(red dotted line\) possible bounce off the long-term trend \(Lower solid yellow line\) Cup & Handle on 1D Timescale](https://preview.redd.it/kseva7g02l971.png?width=2456&format=png&auto=webp&s=0651b18869ae3908c75b03c956f6b27f8a63c9e4) + +A bounce today would give us a very nice bullish crossover on the 1D MACD + +[MACD 1D Timescale](https://preview.redd.it/rvcmv9vj2l971.png?width=1629&format=png&auto=webp&s=baf9253c168fe3d424f8e299015ab3608bca734c) + +Lastly CV\_VWAP not currently signaling arbitrage opportunities but there is a chance we could see something closer to market open. I will continue to monitor this. + +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.* + +*\*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/) +Hello World, as you might have noticed u/DerGurkenraspler didn't post his usual DiamantenhƤnde Thread, so since i am also from germany and can see the Live Data i am going to do this today. + +Current Price: "120 minutes in 180,23 US-$" + +FAQ: + +# Where do you get our numbers from? + +I too trade through my bank account and just refresh the page to see the current price in dollar. + +# Why are your numbers different from the ones I'm seeing online? + +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, DĆ¼sseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). That's why my movement may differ from your sources online. + +# I don't trust those germans, look at what they did in the 20th century...can I get another source? + +Sure, you can take a look here...just remember to convert from ā‚¬ to $! [https://www.ls-tc.de/de/aktie/gamestop-aktie](https://www.ls-tc.de/de/aktie/gamestop-aktie) + +# Can you post the volume too? + +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +115 minutes in 180,25 US-$ + +110 minutes in 180,26 US-$ + +105 minutes in 180,04 US-$ + +100 minutes in 180,33 US-$ + +95 minutes in 180,13 US-$ + +90 minutes in 181,20 US-$ + +85 minutes in 180,18 US-$ + +75 minutes in 182,14 US-$ + +70 minutes in 181,90 US-$ + +65 minutes in 181,35 US-$ + +60 minutes in 180,827 US-$ + +Since the Premarkets opening right now, I have to say goodbye. + +I hope you all can see your usual host here tomorrow if not i will try to cover for him. + +Don't forget to BUY HODL and VOTE + +# šŸ’ŽšŸ‘ +Looking at the growth of $10,000 over the past 20, 10, 5 year periods, investing in QQQ has handily beaten SPY(S&P 500), VTI (Total Stock Index), VNQ(REIT Index) + +If one has a time horizon of 15-20 years and can stomach the volatility, why not invest a 100% in QQQ? + +I get that the major argument would be diversification, but the numbers are pretty clear. +We all here exactly know how and why FTX collapsed. We all know that SBF stole all of users funds to use them for himself and his other partners. We also know that this actions lead to millions of lives being ruined. + +But many people outside of crypto do not really know what kind of a fraud SBF, FTX and Alameda Research were, why? Because the media has been in a full-time job trying to whitewash the actions of SBF and Co. + +Here are some of the few examples from high-level media outlets people trust to show them the truth: + +# + +[The Washington Post about FTX-collapse](https://preview.redd.it/ynvfucv6851a1.jpg?width=626&format=pjpg&auto=webp&s=8da06d6bd9195d832da879a825872745a0549f11) + +I already did an entire post about this 2000-word Washington Post article ([here](https://www.reddit.com/r/CryptoCurrency/comments/yyq6pq/there_is_a_2000_words_article_now_by_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)) that is doing nothing else but show SBFs actions in a good light. They especially highlight his extensive lobbying efforts which according to them were for ā€œpandemic preventionā€œ and obviously not him trying to have political connection to do whatever he wants. + +# + +[Reuters about the FTX-collapse](https://preview.redd.it/0hp96gja851a1.jpg?width=680&format=pjpg&auto=webp&s=ce993683ae2420d62b807f59fdd829aec16a686a) + +Now here we do not even have to go further and can see that the headline of this Reuters article is already trying to really make a billion-dollar scam to fill his own pockets look like a ā€œfavourā€œ. + +# + +[Forbes article on Caroline Ellison](https://preview.redd.it/0rau539d851a1.jpg?width=508&format=pjpg&auto=webp&s=7f1930d67398e26eee5cb5f5c09877bb9812c571) + +Forbes is also just talking good about the co-CEO of Alameda Research, Caroline Ellioson fro whom we have already seen enough videos showing how highly mishandling she was. Forbes is portraying her as a ā€œrisk-lovingā€œ person and a ā€œmath wizā€œ. For your kind information Forbes, this ā€œrisk-lovingā€œ person risked and lost all the funds of millions of people around the world. + +It is clear that the media must have been paid by SBF to write such ā€œshill-articlesā€œ about him and his companies. Nowadays you can not even trust the biggest media outlets to tell people the simple truth of a story that made millions of peoples life worse. Thats just a shameā€¦ +Noob here guys, what do you think will happen Monday when the SEC senate hearing about crypto will do to the market? Do you guys think getting into ETH after it would be a wiser choice than getting into it now? + +Much appreciated people! + +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! + +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! + +Any members currently work in BigLaw? I'd love to hear how you approached your career and savings goals while balancing the demands of this high stress occupation, especially in the high-rent NYC area + +\- Any tips, readings or blog suggestions would be ideal!! +UPDATE: Woke up this morning with 60 new comments in my inbox (āŠ™.ā˜‰)! Every one has been read, and considered, and I really appreciate the effort that some of you are making to help me out. I printed some worksheets for him to read and consider, as well as lists of essential first-day items. I also ordered him the same book I got my baby sister when she few the nest "Good to Go" which is sadly out of print. My sister says it's been a lifesaver a few times. A used copy will have to do. + +Something else I've been doing is having him prepare my easiest recipes for the family, so he can learn them, and giving him big jobs to earn money, such as detailing our cars last weekend. I've also been giving him ideas for small businesses he can run himself during the summer to make extra cash. + +I accept that this will happen if he's determined. He's an adult now. I just want him to think about the stuff that's unpleasant to think about, so he can formulate a plan. In a perfect world, he gets a trade while living at home and saving money. Then he'll always have that trade to generate income while figuring out the big picture. + +-------------------------------------------------------------- + + +[Canada] My stepson hates living by his mom's rules and thinks the answer is getting a place with his girlfriend. (We've all been there.) His dad and I have tried to explain just what goes into living on your own, but he's positive if he could just get a job (that's right, no job) he could do it. + +Does anyone have a few spreadsheets of the things you need for your first apartment, as well as a budget for a 17 year old (18 in 6 months) that's realistic? I know what we pay is different from what he'll pay, and I'm out of touch with what's required these days for initiating utilities, getting an apartment, etc... + +I'm not trying to stop him, that will just make him want it more. I just want to present him with real numbers and real expectations in a nice tidy format. + +Thank in advance, sorry if this is off-topic. + +Hi folks! I was curious to see how much one could earn during 2018 by investing perfectly (i.e. knowing daily prices for the entire year in advance). This does not make much practical sense, but I couldn't resist my curiosity. + +First, I made a bunch of assumptions (to make the problem tractable): + +1. one starts with 1000$ +2. one can do only 1 action per day + 1. buy 1 item at the lowest price with all your money + 2. sell all your stock at the highest price + 3. do nothing +3. no fees +4. fractional shares +5. all transactions succeed +6. only securities available at [iextrading.com](https://iextrading.com) (I needed to get the data somewhere, AFAIK, they might have removed the public access already) + +And the answer is.... + +2235976324368894910070981708437303314132384811588503138465677325225209962386423808 USD (2.2e+81 USD or 63.93% return on investment, **daily**). To achieve this one needed to do just [these 107 transactions](https://merelycurious.me/assets/post_resources/luckiest_investor/sequence_with_penny_stocks.html), easy peasy. + +Obviously that's more than I expected, so I looked into why it was so large. Penny stocks... Then I decided to forbid anything cheaper than 5 USD per share. This brings the number down to 1537713047211124526310105417510931136512 USD (i.e. 1.5e+39, daily ROI 25.64%, [transactions](https://merelycurious.me/assets/post_resources/luckiest_investor/sequence_without_penny_stocks.html)). + +Still a lot and I didn't recognize any of these companies. Let's go full conservative here and restrict ourselves to S&P 500 only. This gives us 30 853 548 412.13 USD (i.e. 3.1e+10, i.e. just almost 31 billions, ROI 3.1e+09%, daily 4.84%). So what did you have to do? Just [these dozen of dozens transactions](https://merelycurious.me/assets/post_resources/luckiest_investor/sequence_s_p_500.html). + +I don't want to get you bored, so if you want to read about my methodology, datasets and the process, you are welcome to do so in [this post in my blog](https://merelycurious.me/post/luckiest-investor-or-investing-when-knowing-the-future). TL DR: I did run dynamic programming to do the optimization. Yes, it is optimal (modulo the assumptions above) and I can formally prove it. I somewhat touched this in the post. + +Did you have any crazy ideas like this? If so, please share, I would love to do more similar calculations. +&#x200B; + +[Good morning r\/Superstonk and happy Monday to everyone! Jellyfish here with an update on rail](https://i.redd.it/hefg8fv8g6c71.gif) + +[Mother nature is wreaking havoc on infrastructure ](https://i.redd.it/cvnawohag6c71.gif) + +Articles reviewed: + +[https://apnews.com/article/europe-floods-954655c9382a9b8c12a230bdd8cd5b3e](https://apnews.com/article/europe-floods-954655c9382a9b8c12a230bdd8cd5b3e) + +[https://www.railfreight.com/railfreight/2021/07/16/flood-update-rail-freight-in-northwest-germany-paralysed/?gdpr=accept](https://www.railfreight.com/railfreight/2021/07/16/flood-update-rail-freight-in-northwest-germany-paralysed/?gdpr=accept) + +[https://www.trains.com/trn/news-reviews/news-wire/floods-close-rail-lines-in-europe-for-months-or-longer/](https://www.trains.com/trn/news-reviews/news-wire/floods-close-rail-lines-in-europe-for-months-or-longer/) + +[https://www.cnn.com/europe/live-news/deadly-flooding-in-europe-07-16-21/index.html](https://www.cnn.com/europe/live-news/deadly-flooding-in-europe-07-16-21/index.html) + +[https://www.bbc.com/news/world-europe-57846200](https://www.bbc.com/news/world-europe-57846200) + +First and foremost, the loss of life from this flooding is tragic. [At least 160 people](https://apnews.com/article/europe-floods-954655c9382a9b8c12a230bdd8cd5b3e) have died so far: + +> The death toll in western Germanyā€™s Rhineland-Palatinate state, home to the badly hit Ahrweiler county, rose to 98. Another 43 people were confirmed dead in neighboring North Rhine-Westphalia state. Belgiumā€™s national crisis center said the countryā€™s confirmed death toll rose to 27. +> +>ā€œA lot of people have lost everything they spent their lives building up ā€” their possessions, their home, the roof over their heads,ā€ German President Frank-Walter Steinmeier said after meeting rescue workers and others in the town of Erftstadt. +> +>ā€œIt may only be possible to clear up in weeks how much damage needs to be compensated,ā€ he said. +> +>Steinmeier said that people in the affected areas need continuing support. +> +>ā€œMany people here in these regions have nothing left but their hope, and we must not disappoint this hope,ā€ he said. + +Wow. My heart goes out to everyone impacted by this. However. life and personal property are not the only things destroyed in this flooding. + +In hardest-hit Germany (destruction and loss of life), some rail lines, again built following river valleys, have been completely washed out. In total, the German national railroad [Deutsche Bahn has reported 600 kilometers (more than 370 miles) of tracks and 80 stations are impassable](https://www.trains.com/trn/news-reviews/news-wire/floods-close-rail-lines-in-europe-for-months-or-longer/). + +>The worst affected route along the valley of the river Ahr from Remagen to AhrbrĆ¼ck has seen around 12.5 miles of its 18-mile length destroyed by floodwater, with all seven bridges destroyed where the line crossed from one side of the river to the other. The town of Schuld, which has been seen on TV screens across the world, lies a few miles upstream of *AhrbrĆ¼ck* in the same river valley (the rail line in this area closed in 1973); **over 110 people were killed by the floods in this region alone.** **The German government has promised emergency funding for flood-damaged areas but has already said it is likely to take years to rebuild the worst damaged areas and their road and rail infrastructure.** + +### Like the [US](https://www.reddit.com/r/Superstonk/comments/oma9w0/inflation_alert_union_pacific_extreme_weather/) and [Canadian](https://www.reddit.com/r/Superstonk/comments/omca4p/inflation_alert_uscanada_wildfire_activity_in_the/) rail companies we have reviewed, European rail companies are also having to contend with climate change + +The intensity of the flooding and sheer amount of water ā€” with the consequent damage and loss of life ā€”Ā has been characterized as exceptional, with the consensus view in Germany that this is due to changes in climate and weather patterns. + +While it is my understanding many of Germanyā€™s big rivers, (As an American I am sad to say I can only confidently name the Rhine or the Danube from history class?) routinely flood, this has historically been seasonal, during the spring, when snow melting fills the rivers. + +My understanding is most big cities on these rivers are built to either contain the flooding or to manage it (gotta love how we can engineer around stuff!). + +However, what is so different this time, [with climate change to blame suspected by local officials](https://www.bbc.com/news/world-europe-57846200), is that the flooding was so intense and further upstream, where rivers normally no more than small streams in summer became raging waters. I take this to mean this is happening in areas it doesn't traditionally and they do not have the infrastructure in place to mitigate, which amplifies the destruction? + +Rail companies have to be aware of the danger to their networks caused by climate change with torrential rain becoming more common, overwhelming tracks or structures such as bridges as we have seen. These events are only going to add to the strain in the transportation system, with rates going up to move less volume, tightening the screw further for more inflation. + +# Union Pacific suspends inbound international container shipments to Chicago for a week + +[https://www.supplychaindive.com/news/union-pacific-rail-west-coast-chicago-service-suspension-congestion/603452/](https://www.supplychaindive.com/news/union-pacific-rail-west-coast-chicago-service-suspension-congestion/603452/) + +[https://www.joc.com/rail-intermodal/class-i-railroads/union-pacific-railroad/suspending-uswc%E2%80%93chicago-hub-services-clear-global-iv-boxes\_20210715.html](https://www.joc.com/rail-intermodal/class-i-railroads/union-pacific-railroad/suspending-uswc%E2%80%93chicago-hub-services-clear-global-iv-boxes_20210715.html) + +[https://www.freightwaves.com/news/up-temporarily-stopping-eastbound-container-service-to-chicago](https://www.freightwaves.com/news/up-temporarily-stopping-eastbound-container-service-to-chicago) + +[ Union Pacificā€™s emergency measure is meant to help move a stack of containers at its Global IV terminal outside of Chicago where an estimated 2,000ā€“3,000 containers sit without chassis. ](https://i.redd.it/xjuaimmbg6c71.gif) + +The 7-day suspension went into place YESTERDAY. The terminal is clogged largely due to reasons feeding into inflation: labor shortages and pandemic-related restrictions have slowed the unloading and loading of containers at customer facilities. That has led to a shortage of chassis and drayage capacity during a period of extreme demand. + +>The Union Pacific spokesperson said that the railroad is dealing with "**significant congestion at our inland intermodal terminals, most notably in Chicago**." +> +>"We believe this change will allow the transportation supply chain to begin working off the backlog of Global IV destined trains, while freeing up railcar assets to support import loading needs on the West Coast," the spokesperson said. "We are working closely with the ocean carriers and collaborating wherever possible **to improve the health of the supply chain.**" + +[https:\/\/www.freightwaves.com\/news\/up-temporarily-stopping-eastbound-container-service-to-chicago ](https://preview.redd.it/5loknv1ln6c71.png?width=1253&format=png&auto=webp&s=0afcf6b5b38e383778fb4c19346335bf2d547fed) + +>A big issue for the operations in Chicago has been a lack of chassis. Inland port locations are either wheeled or grounded ā€” which just means that the container either sits on a chassis or the ground. And Global IV relies on chassis, Gross said. +> +>"Folks have been hanging on to chassis and boxes longer than normal ... which has had an effect of reducing the velocity of the chassis at the same time that volume has been strong," he said. "And so they basically have been running out of chassis, which is a big problem operationally." +> +> "It appears to me that necessary resilience has been lost," he said. **"So the system has become more fragile, and less able to withstand unexpected events."** + +I think with extreme weather, we will, unfortunately, see more unexpected events, which will ultimately feed the inflation beast. + +**The entire transportation network is facing spikes in costs and supply shortages, and you can bet the costs will get passed down the line. More fun to look forward to over the coming months.** [The CPI number from last week is a lie](https://www.reddit.com/r/Superstonk/comments/ok45ql/inflation_alert_a_dive_into_yesterdays_cpi_report/) **and a joke and inflation is not transitory--as Covid-19, Suez Canal, and Mother Nature all have continued roles to play in seeing it stick around.** + +# All of this pain in the transportation system 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/und4rn6po6c71.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](https://www.reddit.com/r/Superstonk/comments/okicjz/inflation_alert_bank_of_canada_and_bank_of_new/), the Fed still claims this inflation is ā€œtransitory"... + +TL:DR - The Dollar losing purchasing power + Inflation = Permanent Loss of purchasing power. Unless one of the many other catalysts triggers the MOASS, [I believe inflation is the match that has been lit that will light the fuse of the rocket](https://www.reddit.com/r/Superstonk/comments/oe6i3l/tldr_i_believe_inflation_is_the_match_that_has/). + +[ Thanks for dropping by and taking a dive! Please let me know if you have any questions or ideas on other areas to explore, happy to try and help! ](https://i.redd.it/vad87czcg6c71.gif) +I sleeping on a futon right now and my entire body ia killing me. My joints, back, hips, everything. I'm seriously considering buying a real mattress right now but first, I wanted to know what you all are sleeping on. Is it worth the little money we have to get a good night's sleep? +With prices for equities being based on supply and demand, won't the super withdrawals put massive downward pressure on asx equities as the funds need to liquidate holdings to meet member withdrawals?? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +What do we think of the current FFX price at 0.36~ heavily discounted as part of the merger did we expect it to go so low I was think 0.42-0.45~ + +Are you topping up LLL & FFX or waiting for LLL? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Traditionally, As we know that as bond yield goes up, It is supposed to pull money into bonds since they are safer and less riskier than equities ( shares, yes another name, we need at least 10 different names so as to confuse the fuck out anyone not cluely enough). + +but as interest rates go up, harder to borrow or pay off debt. This tanks the economy. Just imagine Joe blow trying to pay off a loan after he got kicked out of his shit paying job or lower pay due to less shifts. He spends less at the local shops. This cascades to other shop owners earning less. AH but you claim. What of the Federal government printing? Did they stop? They pushing cash out the door to counter that. Yes in some way that is true, the question is does it feed back into the economy or not? Who gets the money and who doesn't? + +When using the Discounted Cash Flow model ( or some variation of it for companies without a profit) , when the bond yield goes up, it pushs the value of a share down. This is based on Buffet. + +Credit due source on explanation: ( DCF model according to Invest for the future). + +[View Poll](https://www.reddit.com/poll/lyq0oh) +America just announced that it's in a recession. So that means a lot of people will wake up realising their jobs won't be coming back as quick as they went. Now when times get tough, Americans live off of their credit cards to keep up appearances. They'll be using them to buy shit they don't need to impress people they don't like. Rather than max out those bad boys in a single transaction, they'll split the payments up. Splitit (SPT) is well positioned with great exposure to the USA market for this purpose. It has been announcing good growth recently. Do people think its a good hold for mass tendies? +What are your go-to dividend stocks that offer decent option volume and premiums? Looking for stocks that have a safe dividend but also routinely have option volume and premiums on the higher end. So far Iā€™ve been doing INTC as Iā€™m ok being ā€œstuckā€ in it but looking for something with a bit higher premium on CCs +&#x200B; + +[ What is market cap? ](https://preview.redd.it/bztiv4ptb4771.jpg?width=1140&format=pjpg&auto=webp&s=d2bb8988ed39169b896b7906aed9496a0cbef603) + +# What is Market Cap? + +Market Cap is a metric that measures the relative value of a token/coin in the crypto market. Market Cap is calculated according to the following simple formula: + +**Market Cap = Current Coin/Token Price (Current Price) X Circulating Supply** + +For instance, if a coin is currently priced at $10 and its circulating supply is 3,000,000 tokens, its total market capitalization would be 10 x 3,000,000 = $30,000,000. + +A coin with a very small price, but with a very large circulating supply, can have a market capitalization value that is much higher than that of extremely high prices whose supply is too small. + +Therefore, this metric will be especially important in determining the size of a certain coin instead of relying on the current price that most new investors often apply. + +# What does it do for the investors? + +The market capitalization of a coin gives investors a relative view of the performance of these coins. + +We can divide the coins into 3 types: + +**Large-Cap:** These coins have a very large market cap (>1 billion USD) including the top of the largest cryptocurrencies today such as Bitcoin, Ethereum or Ripple. + +**Mid-Cap:** Medium market cap, lower than the above coins and typically range in capitalization from $100M to $1 billion + +**Small-Cap (Small Cap):** low market cap (<100M US$) + +You can view these indicators on major cryptocurrency reporting sites like CoinmarketCap or CoinGecko + +One of the important properties of Market Cap is that it is closely related to the price movements of that coin. More specifically, the larger the capitalization, the less volatility, and conversely, the smaller the cap, the stronger the price movement. + +&#x200B; + +[ What is the difference between Large - Cap Coin and Small-Cap Coin? ](https://preview.redd.it/r65cov2xb4771.png?width=800&format=png&auto=webp&s=56e595934a56e3818348841222f842401bbaa848) + + + +Therefore, new coins/tokens with small capitalization will often have the potential for a huge price increase, but with high risk. So investing in these coins/tokens can bring you great returns when x10 x100 times assets if at good times. Larger cap coins still have potential but canā€™t give you such a big reward! + +However, the value of the market cap is not a determining factor as it cannot give you a complete picture of the potential of a coin. Note that these are relative figures only. + +We BSCArmy always advise doing comprehensive research before investing in cryptocurrencies and taking into account all important considerations. Market capitalization as a statistic doesnā€™t tell you anything about actual trading volumes in the last few hours. As a result, itā€™s a good idea to check Coinmarketcap for a cryptocurrencyā€™s 24-hour trading volume on several exchanges over a respectable time period. + +***Source:*** [https://bscarmy.com/what-is-market-cap/](https://bscarmy.com/what-is-market-cap/) +The Ethereum devs have emphasized multiple times that the point of Ether is not to serve as a currency. But I think it will, because of an analogy used a lot in the crypto world. Bitcoin is gold and Ether is oil. Gold is seen as valuable because it has the qualities of commodity money. It is scarce, divisible, fungible, transferable and durable. Oil's value comes from its usability. It is however inferior to gold as commodity money due to its low value density. Today an oil barrel of 160 litres is worth 75 dollar, while 75 dollar worth of gold is approximately 2 grams. This in combination with oil being liquid makes it inpractical as a currency. +A combination of oil's usability, which gives it its value, with gold's practical properties would be a perfect currency. + +This is the great advantage of Ether over Bitcoin currency wise. They are practically identical on scarcity, divisibility, fungibility, transferability and durability. But ether has usability. While Bitcoin may be gold, Ether is the combination of gold and oil. This is why I think Ether will be used more as a currency. +I am a 30 y/o tipped employee looking to start a retirement fund. Salary is 40 - 50,000. What should I expect from this initial meeting, and what are questions I should ask during it? +Surely there has been plenty of people who have had untimely deaths or lost access to online brokerages or had spouses/ kids who couldnā€™t access assets for whatever reason. What happens to these stocks? Do they just accrue dividends in perpetuity? How much value of the market do they hold? +I recently started a new job after college and I work the typical 9-6 40 hours a week. The salary is decent but I want to make a lot more and I would like to work more (this position does not allow overtime). + +This brought me to thinking, "Are there many 9-6 40 hours a week jobs that pay a lot after five years of experience (let's say $120k annual or more)?" + +Certainly, there are leaders/CEOs that have a situation where operations are conducted by their subordinates, but these people got to where they are after working many thousands of hours. Physicians typically work long hours, and you have to consider the cost of several years of school/training. Professional service careers as lawyers/consultants/finance, they generally work long hours, too. + +Perhaps it is realistic to live a relatively comfortable life working 40 hours a week and still make a lot if you specialized and are skilled in a highly sought after field such as technology or engineering. (This is from an outside perspective based on what I've heard from a few friends in these fields. Could be entirely wrong) + +Do you make "a lot"? Do you work "very long" hours? Are these two basically connected most of the time regardless of career path? + +Edit:Clarification + +Edit 2:Wow! Thank you for all the great insight, everyone! I have to go run some errands but I'll be back and read everything. +Hey r/StockMarket, + +Iā€™m a 17 year old kid working a part time job to make some money for later in life expenses. I took an economics course in school, which inspired me to save as much money as I can and turn it into passive income. + +Over the course of my job, Iā€™ve put about $1000 into CDs at my bank, which gives me a ~2.70% (ish) interest rate. I was advised to look into ETFs for investment, particularly IVV. + +From what I was told, and additional personal research, I found that IVV is not a risky investment and gives a dividend yield of 1.83%. + +In the interest of passive income, is there any benefit to buying shares of IVV rather than just investing it into another CD? +I'm australian (concreter by trade) and just started running my own home and property maintanence business. In the first 2 weeks I've made as much as I would have in 3 weeks working for a boss. + +I'm wondering if any one here has achieved FIRE from while being in the construction industry. (Not management) I'm talking business owner / or on the tools. +The downtown unit near high income employment area but not immediately positive cash flow vs triplex, an hour away from big employment area but break even. + +I speculate that the downtown one near big employment area might take better care of my property but Iā€™ll be speculating whether property will appreciate as opposed to increasing rent price for positive cash flow for the triplex unit. +Not sure what to focus. Any advice is appreciated. + +Also Iā€™m very new to real estate investment. Leaning toward 1 tenant to deal with vs 3 tenants. +I was just approved for a $325,000 HELOC through PenFed on an investment property. I will likely get the funds within 60-90 days. The rate is 4.75% (1.5% above prime), first 10 year interest only option, then it goes to a 20 year fixed. I currently own 2 houses (one primary residence and one investment), my wife and I have no debt besides our 2 mortgages and now this HELOC. + +I would like to buy a triplex or fourplex, somewhere in the midwest (Ohio, Michigan) or perhaps Little Rock, AR. I would like to try to BRRR remotely, as I live in the Seattle area. Is this feasable? Or should I go for something more turnkey? + +Regarding the HELOC - I would use it to buy a property outright for somewhere around $100K - $150K, and then use some of the remaining funds for renovations. Then, I would do a cash out refinance, get a 30 year fixed mortgage and repay the HELOC and repeat. + +What would you do if you were in my shoes? How would you approach this differently? Thanks. +Hey guys - just about to dip my toes into real estate investing. I've been reading a fair amount, trying to pick up as much as I can but that can only get you so far without real world experience, and I'm a little overwhelmed by the number of options out there and different paths I could take - worried that picking one path could set me up for success, while going another route could hamstring me. + +In short, I live in Austin and are in the process of doing a cash out refi for somewhere between $100k - $140k, depending on how much we want to increase our mortgage and if taking out as much as possible makes sense. I have a pretty demanding job and a young child, so free time is difficult to come by and I'm a little hesitant to look to invest too far away from home where travel and a lot of engagement with unfamiliar locales would be involved. However, I'm also an architect and so have a fair amount of familiarity with construction (or at least supervising it), materials, and sound design choices.Options as I see them or that we currently have: + +1. find somewhere not too far away (hopefully) that has some cheaper properties and either + 1. A) pull out as much as possible and play out a BRRR scenario, or + 2. B) pull out whatever I'm comfortable with and put down smaller down payments on several lower cost properties that have some cash flow +2. purchase a rental property closer to town that may cash flow a little bit (or may not) and rely on the appreciation of this market +3. purchase a 2nd home at a nearby lake property (within a couple of hours drive maybe), furnish it, and get it going as a short term rental +4. get a construction loan and put a new build short term rental on an empty lot my family has in Ruidoso, NM (I still need to do some research on the short term rental market there - and yes, this would require some time) +5. Partner with some friends and try to find an empty lot here in town and build a smaller multifamily development (again, I am a licensed architect with a fair amount of commercial multifamily experience - would also require a good chunk of time) +6. go the commercial property route and buy or build some spec warehouses (I have a friend who's had great success doing this in the DFW area) +7. none of the above/other? + +Anyway - I'm sure everybody's got a different opinion on right course of action here - or at least what you would do in my shoes, and I'd love to hear them all - thanks! + + +EDIT: Hey all - just wanted to pop in and say thanks for all the replies - I appreciate it! +I had an incident this week where i purchased a student house mid year and inherited the lease/students and the students asked me about garbage. I asked what they did with prior landlord and they didnt really have an answer, they just put garbage on the curb and some weeks it was picked up and some weeks it wasnt. In my town you either pay a garbage service or you have to buy a certain color bag that costs $5 per bag to use in order for garbage to be picked up. I offered to drop off bags for them and they said theyll just buy them. Then 2 days later a mom calls and asking why they have to pay for bags lol. I feel like its easier to just always loop the parents in. + +&#x200B; + +Anyone have experience with this? +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! + +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! + +Hello, + +I hear in invest reddit, ethereum will never reach $1000. I worry this true. Can please discuss why or why not this will become truth? + +I know they know not much about space, but I am new and would like to hear both sides. I see we are up this year but would like to generate discussion. + +I would also like to thank all the people for upvoting me to be able to post. Thank you very much, I am excited to be a part of this wonderful community. Thank you. +Hi, I've been watching a lot of content creators that are in the stock market and something I keep noticing is every day it seems like they're in on a new stock that's risen like 40% overnight or something. + +What resources do you guys use to find good opportunities? I can't imagine you just peruse every stock and do DD on them as you go. +Finally saved up 35 thousand ish. I want to be a full time day trader. What platforms do you guys use? Iā€™m still new to it as Iā€™ve been paper trading and using small trading platforms. I need something with the least fees possible. Specifically something that supports day traders more. +10k in LISA 10k in Chase in a dead end job that I hate earning 30k with a side income of 10k. The 4.8-5 multipier means the most I can borrow is 200k (assuming they even take into account the side income) which in London is laughable. Just really fed up with it all +...and instead of spending $15bn+ a year on content, everyone just uploads it to their platform for free. + +&#x200B; + +I don't love Facebook, but the business model is just absolutely insane. Is the threat of regulation the only thing holding the stock back? + +&#x200B; + +Source: [https://www.chartr.co/newsletters/facebook-vs-netflix](https://www.chartr.co/newsletters/facebook-vs-netflix) +I thought this article from the WSJ was interesting since so many of us are doing just this. + +**How to Get Entirely Tax-Free Retirement Income** + +*If used wisely, HSAs give savers a triple benefit--pretax deduction, tax-free growth, tax-free withdrawals* + + +When it comes to saving for retirement, I now use two accounts: My 401(k) and a health-savings account. + +Many people overlook HSAs as a retirement-savings vehicle because they are typically used to pay current medical bills. But these accounts, which Congress authorized in 2003, come with more tax advantages than 401(k)s and individual retirement accounts when used to cover medical costsā€”whether now or in retirement. And there are ways to use them to create tax-free income in retirement. + +Saving for medical costs makes sense given that they are a major expense in retirement. A 65-year-old couple who retires today and has no reason to expect an early death will need about $265,000 to have a 90% chance of having enough for Medicare premiums and the 38% of medical costs Medicare doesnā€™t cover, according to the nonprofit Employee Benefit Research Institute. (That amount doesnā€™t include dental and long-term-care expenses.) + +The HSA ā€œis the most tax-favored savings vehicle in the tax code,ā€ says Leo Acheson, a senior analyst at Morningstar Inc. who wrote a recent report about HSAs. + +As with a traditional 401(k) or IRA, an HSA allows you to set aside money without paying federal or state income taxes on it. Money in HSAs grows tax-free and, if used nowā€”or laterā€”for medical expenses, can be withdrawn tax-free. In contrast, with a traditional 401(k) or IRA, income tax is paid on withdrawals. (Alabama, California, New Jersey and New Hampshire donā€™t provide a state tax deduction for HSA contributions and Alabama, California and New Jersey also tax HSA earnings.) + +Because of the HSAā€™s triple tax advantageā€”the upfront tax deduction, tax-free growth and tax-free withdrawals for medical expensesā€”experts recommend that those who can afford to contribute to both an HSA and a 401(k) kick in the maximum to both. + +For a 401(k), the current annual limit is $18,000 for people under age 50 and $24,000 for older investorsā€”numbers that will rise to $18,500 and $24,500 in 2018. The annual caps for HSAs are $3,400 for individuals and $6,750 for families in 2017 and $3,450 and $6,900 in 2018ā€”with those who are 55 or older permitted to kick-in an extra $1,000. + +Those who canā€™t afford to put the maximum in both should first allocate enough to their 401(k) to get the company match and then switch to the HSA (and later return to the 401(k) if they can save more), experts say. + +To open an HSA, you must be covered by an HSA-qualified health insurance plan. Among other things, the plan must have a deductible of at least $1,300 for individuals and $2,600 for a family, thresholds that rise to $1350 and $2700 in 2018. + +I signed up for such a plan in 2016. To help build a buffer against my planā€™s $6,800 out-of-pocket spending cap for in network services, including a $2,800 deductible, my company deposited $500 into my HSA. I put in the $1,300 I saved on premiums by using the high-deductible plan instead of the conventional plan. Eventually, I added $2,050 more because I wanted to make the maximum annual contribution allowed, which, for individuals, was $3,350 in 2016. In 2017, I contributed the $3,400 individual limit. +The biggest payoff with an HSA comes when the money set aside isnā€™t used for current medical bills and instead compounds over time for use in retirement, says Rob Austin, director of research at 401(k) record-keeper Alight Solutions LLC. ā€œThe longer you let HSA money grow, the more valuable it becomes.ā€ + +To see why, consider my approach: For the sake of a simple, round number, letā€™s assume I have a $75,000 salary. That means that after paying federal income tax at a 25% rate, New York state income tax at a 6.45% rate and FICA tax (which finances Social Security and Medicare) at 7.65%, I get to keep 61 cents of each additional dollar I earnā€”not great. + +By saving in an HSA, I can shelter all 100 cents of every additional dollar I earn from taxation forever, assuming I use the money for medical bills. + +Due to the HSAā€™s extra tax advantages, each dollar I put into my account will turn into $2.19 after 20 years, assuming a 4% annual inflation-adjusted return, according to Vanguard Group By contrast, the same dollar will be worth just $1.64 after I take it out of a traditional 401(k) in two decades and pay income taxes on the withdrawal. (The example assumes a 25% federal income-tax rate and ignores state tax.) + +In an HSA, ā€œsavings can compound to produce higher returns than those available from other accounts,ā€ said Maria Bruno, senior investment strategist at Vanguard. + +Even if I decide to tap my HSA to cover current medical bills, it is still worthwhile to contribute, said Roy Ramthun, a consultant who specializes in high-deductible plans and HSAs. The reason: The upfront tax deduction allows me to keep the 39 cents per dollar I would otherwise have had to pay in taxes. + +To withdraw money tax-free from an HSA, you have to use it for qualified expenses. Those can include not just medical bills but also dental and vision-care expenses, premiums for all types of Medicare plans except for Medigap, and a portion of long-term-care insurance premiums. + +If you use your HSA for nonmedical expenses, you will owe income tax on your distributionsā€”and a 20% penalty if you are younger than 65. + +If you are organized and stockpile receipts for past medical costs you paid out of pocket since establishing the HSA, you can file for reimbursement in retirement. Doing this will allow you to supplement your retirement income tax-free in years in which tapping other accounts would push you into a higher tax bracket or expose you to higher Medicare premiums. + +ā€œYou could conceivably buy a boat or motorcycle with HSA money if you have receipts for qualified medical expensesā€ you paid out of pocket in the past that are equal to the purchase price, said Eric Remjeske, president of Devenir Group LLC, which advises banks offering HSA investment platforms. + +https://www.wsj.com/articles/how-to-get-entirely-tax-free-retirement-income-1510315200?tesla=y&mod=e2fb + +http://archive.is/Q7eWN +My girlfriend just started a new office job, and her employee handbook says that being even 1 minute late results in 3.5 hours being taken off your timesheet. + +Is this legal? How common is it? I couldn't find much online. +I find the whole thing around recruiting so broken. + +Recently I was contacted by a different recruiter from a different company about a role that I am already applying for via another company. + +This recruiter mentioned a rate 30% lower than the rate I actually know it is going for. + +Why do I always feel dirty after talking to recruiters? They ask too many questions around my pay and I find it hard to trust them on pay they offer for advertised jobs due to so many things. + +Recruiting is lacking so much transparency and is broken. +Moved in with friend of a friend a few months back. He wanted rent paid to him in cash, which I was fine with but just wanted to make sure this wasnā€™t a terrible idea. He is a nice dude with some disabilities, so want to do what works for him, but donā€™t want to be screwing myself. Any advice would be appreciated. + +Edit: Asked for a receipt of payment for the two months Iā€™ve lived, Iā€™ll write them up in a receipt book when I get home and get him to sign it. Thank you all for your help! + +Edit 2: Just got home from work and had no problem with him signing receipts of payment for the two months I have been living there. Thank you all for you help, and I appreciate all your input! Heā€™s a great guy, just letting me crash at his place for the time being, and just isnā€™t super tech literate so that is why he prefers cash. Thank you all once again. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +First, English is my second language so please forgive my poorly organized, horribly formatted and super long story. Also I never shared this story before and wasn't really planning to, but I told it to one of my now close friend who is a crypto nerd like me and he said it was inspiring and that I should share it so here goes. + +It's 2014 I am working a minimum wage job at a labels factory, I boxed the finished labels. 6 months later, I am promoted and I am head of the quality assurance department (happened super fast and everyone was amazed that it happened including myself :P ). I got a raise and life was good.One day the owner decided to hire a "team leader" basically a tier 2 boss. An authoritarian racist c\*nt that hates my guts. We get in an argument, I turn my back on him and walk away and he ends up physically assaulting me for it. I threaten to sue and they fire me because of it. + +I complain to the EEOC, because I can't afford a lawsuit. We mediate and like an idiot I settled for 5k they offered me. I Payed my lawyer $400, Bought us a new furnace because ours was old and had broke down. I replace the kitchen sink, paint the house and did some other minor repairs. + +All said and done, and after working for nearly 2 years at that company I am unemployed, depressed and have nothing to show for it, Well except for a $1000 I have left from the settlement that I wanted to preserve and invest in something instead of spending it. + +&#x200B; + +I spend a couple month of freelancing and hustling trying to find a new source of income. And one day I am on some random forum trying to find a solution to a problem I have with my code (I have 13+ years of programming experience C++, C#, Asm and reverse engineering) I read the word Bitcoin for the first time ever. And the person talking about it made it sound like it's the next big thing and that it's going to do wonders for apps and payment systems. + +Other replies to that same post were talking about how it will make them all rich. I got curious, And on September, 2015, I google Bitcoin for the first time ever and I end up on Coinbase. I bought $5 worth of Bitcoin for shit's and giggles. Forgot about it for \~3 months. Then came back and sold it in October for $5.10. So I made 10 cents profit after coinbase's outrageous fees. And I thought to myself, This is great, I just made 2% with minimal effort. Greed kicked in and I started my quest to learn as much as I can about BTC. + +For the skeptics: + +https://preview.redd.it/jrz4ptp5z4b61.png?width=797&format=png&auto=webp&s=d91bfe7e49827ba274cfbb9fca57dc419bdd9e2f + +Edit: More proof for those that think I am a lair, full of shit and made all this up: + + +[LTC trades since 2017](https://preview.redd.it/oq9tm35lr7b61.png?width=3802&format=png&auto=webp&s=abc69c38e4f02976a625e6ecad246b54bbacf320) + +https://preview.redd.it/znrn5tgmp6b61.png?width=2698&format=png&auto=webp&s=9132a624df041e57060b163e31e5cc5747875e0f + +[2015 trades are no imported from the coinbase account in this SS](https://preview.redd.it/wgntzucyn6b61.png?width=2664&format=png&auto=webp&s=f10eecf91c6d771106a985de0ee0ea37929fb78f) + +Next thing I know I am on Coinbase Pro (Gdax at the time) and was instantly hypnotized by the insane volatility and price swings. I immediately start buying and selling, Without any knowledge about trading whatsoever. I made some money then then lost more than I made and now I have \~$820 left and I realized I am not going to beat the market like this. My orders were being front ran by bots (didn't know they were bots at the time) because they keep burying my limit orders whenever I post them and I don't get filled. Also fees for market orders were exceeding my profit so I end up losing instead of making money. + +Thinking like a programmer (a problem solver really) I thought to myself there has to be a way for me to do the front running. I do some googling. Learn about the exchange API. I fired up Visual Studio, downloaded some files/libraries and spent a few weeks creating a prototype that would speed things up and give me an edge. At first I used C# and it looked like crap but it performed well, And with the ability to place orders as fast as possible (and free limit orders). My balance started growing. + +Slowly but surely I kept improving the prototype over the years and it evolved into a fully functional trading platform. I eventually used Directx to recreate the order books locally (this part happened much later 2019-ish) because the exchange kept freezing and crashing when I needed it the most and low and behold, I had out done myself and created a fine trading platform [Here is the post were I first showed it to the world.](https://www.reddit.com/r/CryptoCurrency/comments/gqu05z/my_custom_made_desktop_crypto_trading_platform/?utm_source=share&utm_medium=web2x&context=3) + +Here is a video of it in action too: [https://streamable.com/3jl30l](https://streamable.com/3jl30l) + +&#x200B; + +One click insta buy/sell and everything was pre-calculated for me. All I had to do was pre-set the # of lots I wish to flip in each trade and click either the buy or sell buttons. + +&#x200B; + +Within a few weeks of the first prototype I was up from $800 to 8k scalping BTC's volatile market and I was ecstatic, I was over the moon, pun intended. However, The market was slowing down and it is now boring and I am not making any $$ and I was never happy that I could only trade BTC and LTC on Coinbase and was scared to trade anywhere else for fear of losing my money with all the hacks and scams that were happening almost everyday. But then I learn about a coin called Lisk. And the Lisk zealots managed to convert me and I end up joining them and opened a Bittrex account lol. + +&#x200B; + +By now I had spent 3k in life expenses and I have 5k left so I move it to Bittrex, And add Bittrex to my trading platform and go all in on Lisk at $3. I was convinced it is going to the moon and will make me rich. I go to my wife and beg her to borrow some money from her dad for me or max out a credit card or whatever the fuck she can do to get me a few more thousand dollars so that I could add more to my LSK position because I have no credit score history and no one would lend me, She was terrified and refused to help me. I didn't get a single dime. (Hindsight, I am glad she didn't :P) + +&#x200B; + +So there I was, Angry at my wife (I was wrong I know) determined to prove her wrong and show her that this will work and that I am not going to lose so I am trading like a degenerate gambler with my entire stack. Looking like a zombi from malnutrition and lack of sleep, But I pull through and grow that 5k into \~24k within roughly 1.5 months. Phew, I DID IT, I shout. looking at my wife. I FUCKING DID IT. I TOLD I CAN DO IT but you never believed in me. And my head grew bigger and bigger to the point were it wouldn't fit through the door any more. Meanwhile LTC is pumping like a mother fucker but I had no idea because I am not paying attention to anything else but my cash cow LISK. Now that LISK is slowing down (Re-branding delayed) and hype was dead. I sell it all. Transfer the cash back to Gdax and join the LTC frenzy. + +By now it's December 2017, And shit was Insane, It was lit, Everything was on steroids and $ signs everywhere. I was going all in on every trade (Spot trading) and with every trade and my account kept growing. First it was growing hundreds, Then LTC went parabolic and it was thousands of $$ with every click of the mouse. Every click of the buy/sell buttons I made or lost a few thousand $$. Never holding on to a position loser or winner. I catch the wicks (which were huge) and would flip it in seconds just to go back to fiat for fear of getting whipsawed and losing it all. + +&#x200B; + +By now I had grown my 24k into 100k within like 3 days at the markets peak (LTC at like $150+). The joy I felt, The happiness, The pride :) I was victorious and those 3 days were like a crazy epic dream. + +So now I am gloating and teasing my wife telling her how I did it all by myself and shit and thanking her for all the help she didn't offer. meanwhile, LTC is still pumping like crazy. But I was content, I had just broken the 100k mark and was ready to celebrate. but of-course life is never sunshine and rainbows. + +&#x200B; + +To my dismay, My wife asks. What about TAXES? I am like what taxes? I already payed the fees! (I am a foreigner so i knew nothing about taxes in the US of A) She said you have to pay capital gain taxes on this, It's like 30%. My face turned pale and my heart skipped a beat, I jump out of bed, go online and research capital gain taxes. + +And I realized she was right, I am going to end up paying at least 25% to 32% of my money in taxes. I felt like I wanted to cry and all the joy and happiness I had felt was gone (Hindsight I should have been happy even after taxes :P). But I decided to push forward and make the 32% that I have to pay in taxes to get to the 100k mark after taxes while the market is hot. + +so I cancelled the moon party and went back upstairs, Started the computer and started trading again. + +&#x200B; + +So now I am back at it, Still killing it making more and more money. This continues for a day or 2 more and by the time the crypto party was over and when LTC started the big crash from $400 to $150 I was all back in cash and I had made a grand total of 310k+ and 105k+ trades in about 6 months, Most trades were made in Dec 2017 and Jan 2018 on BTC, LTC and LSK combined. + +&#x200B; + +I at first protested paying taxes for weeks, No for months, because it seemed unfair to me. But the April 15th deadline drew ever closer. And our CPA scared me str8 telling me about all the fees and fines I would have to pay if I delay paying the IRS so I reluctantly agreed and paid all of my taxes to uncle Sam. It was a massive chunk of money to give away all at once and it made me sick to the stomach. + +&#x200B; + +And that my friends is the long-short version of the story of how I turned a $1000 into $300k. I hope to one day be able to tell a story of how I turned whatever I have left of the 300k now into a million $ or even better into a multi million dollar fortune :) + +I know some people did like 1000x better than me, But for my story, I am proud of what I had achieved so far and I thought it would be cool to share the story and to hear other peoples success stories. + +I still am still doing great in this bull market and trading crypto has been my full time job ever since I got fired from my job at the labels factory. I have grown a lot since. btw I thought about sending the owner of the factory that fired me a letter thanking him for firing me because it was the best thing that ever happened to me but I never did :P + +&#x200B; + +If you have made it this far. Thank you from the bottom of my heart, And wish you and everyone else the best of luck and riches beyond your wildest dreams. + +&#x200B; + +TL;DR: I turned a $1000 I got from a EEOC settlement into $300k+ scalping LSK and LTC back in 2017 bull market. + +&#x200B; + +^(Leave a downvote and a "delete" comment if you think I should delete this :)) +RC always knew that Amazon and Jeffy Boi were up to no good. But first he had to test it. I think he started Chewy as a test. How hard is it actually take on Amazon if your stock isn't publicly traded? ~~After starting Chewy with 15 million in 2013 and selling for 3.5 billion just 4 years later~~ After starting Chewy in 2011, he recieved his first outside investment for 15 million in 2013. He knew that the only reason companies were being toppled by Amazon was because they were publicly traded. He left Chewy shortly after IPO, because at that point all bets were off. The potential to be shorted to death was there. + +That's when he needed to wait for an opportunity. He needed a company that retail could get behind. That people could love. That could grow and dominate an industry if under the right guidance. He's been playing 4d chess while we sniff checkers. But he needs us and we need him, to bring an end to the biggest ponzi scheme that the world's ever faced. + +He's been whispering it for the better part of a year now. + +Gamestop will take on Amazon. + +I just never knew quite what that meant until this week. + +EDIT: RC started Chewy in 2011, and got first outside investments in 2013. Was corrected there in the comments, sorry for the error. That does, however further cement this idea for me. He wanted private investors, and not public, while the company was in its infancy. +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. +Using a throwaway for this one; some people know my main. + +I couldnā€™t find an appropriate place to post this; Iā€™m happy to remove if inappropriate. + +I (early 30s/male/married, no kids) travelled a lot for work pre-COVID. This worked well for me, as I need a lot of alone time (mostly to focus on work, but also because Iā€™m introverted). + +COVID put the kibosh on that. Consequently, I havenā€™t seen the inside of an airport since March. + +While working from home has been fine (especially with our two-bed apartment), getting the alone time I used to have has been very difficult. This has made me more irritable. + +After spending some time going through my options (I even considered moving us into a three-bedroom apartment, which is feasible in this MCOL city), I landed on renting a private office. This not only helps me stay focused during work hours, but it also gives me almost an entire working day of alone time. It also gives me a commute, which I actually missed. It was also well within my budget, so doing this wasnā€™t a financial strain at all. + +My first week doing this has been splendid, but I canā€™t find any posts on Reddit from others doing the same thing. This has got me wondering: am I crazy for doing this? +I can clearly see all the points he's making, but the book so far could be about 1/4 the length and I'd still get the point. Feels like he says one thing, then writes forty pages of a story about it. Like... Yeah I got it the first time you said it. + +All the points he's making are congruent with the overall concept of "millionaires don't spend frivolously and live below their means". You can immediately guess the answer to all his proposed questions. + +Anyhow, is there more to this book than just conceptual stories? Should I keep reading? +Yesterday (2/25) GME had ZERO shortable shares available according to both [shortableshares.com](https://shortableshares.com) and IBorrowDesk. (Technically 47 shares reported prior to market open on shortableshares - IBorrowDesk did not report any shares the entire day). + +Since then the volume of shortable shares has increased to 600,000 BUT the fee to short these shares has increased from 0.8% on 2/24 to a whopping 12.78% as of 10:00am today representing a nearly 1,500% increase. + +Now, my smooth brain doesn't fully comprehend all the implications of this. But to me, this looks like a clear bullish sign for another GME runup, no? + +Obligatory [šŸ’Ž](https://hotemoji.com/diamond-emoji.html#:~:text=%F0%9F%92%8E%20Meaning%20%E2%80%93%20Gem%20Stone%20Emoji&text=It%20depicts%20a%20full%2C%20blueish,known%20as%20the%20Diamond%20Emoji.) šŸš€ [šŸ’Ž](https://hotemoji.com/diamond-emoji.html#:~:text=%F0%9F%92%8E%20Meaning%20%E2%80%93%20Gem%20Stone%20Emoji&text=It%20depicts%20a%20full%2C%20blueish,known%20as%20the%20Diamond%20Emoji.) šŸš€ [šŸ’Ž](https://hotemoji.com/diamond-emoji.html#:~:text=%F0%9F%92%8E%20Meaning%20%E2%80%93%20Gem%20Stone%20Emoji&text=It%20depicts%20a%20full%2C%20blueish,known%20as%20the%20Diamond%20Emoji.) šŸš€ + +Edit: misplaced comma in body of text. +Tighten the tin foil, grab some Wendy's, it's *tit-jacking Thursday*... time for some deep dives. + +DFV's YT vids taught me fundamental analysis, where previously, I only relied on technicals and price action. I'll try to keep everything a little simple with links and will make any corrections that others may point out. This deep dive is literally for entertainment, my own speculation, and does not detract from the fact that I've bought (and continue to buy), hold, and DRS'd. + +# Facts + +* If Gamestop issues an NFT/Rights/Conversion, you're broker may not deliver it to you + * Example with [Dole](https://www.bloomberg.com/opinion/articles/2017-02-17/dole-food-had-too-many-shares): + * When Dole went private, it had more shareholders than shares. DTC had no accountability when it allowed more shares to be issued when the stock was "chilled." DTC forwarded the payment to the brokers for their clients, and left it to the brokers to figure out. Responsibility came onto the brokers, even though per the article, "Short-Selling," was the cause of the issue. So the brokers that owed their clients would attempt to get payment from the short sellers. The interesting part of this example is SIPC never stepped in and the article state's that the brokers sued Dole. + * Example with [Blue Apron](https://investors.blueapron.com/press-releases/2021/10-12-2021-114015668): + * On October 8th (last month) ***\[the record date\]***, Blue Apron issued a non-transferrable subscription rights offering. This press release was announced on the 12th (notate this). Per the release: *Holders of shares ... in ā€œstreet nameā€ through a brokerage account, bank or other nominee will not receive physical subscription certificates evidencing the rights and must instruct their broker, bank or nominee whether to exercise subscription rights on their behalf.* Reading the [actual prospectus](https://www.sec.gov/Archives/edgar/data/0001701114/000110465921124914/tm2127987-6_424b5.htm), shows they delegated distribution to their transfer agent...**ComputerShare**. So if you were a registered shareholder with the transfer agent ***on the record date***, you were fine. Since the 8th, Blue Apron has started to appreciate in price (don't take this as advice though). +* **Definition of Ownership from Gamestop's bylaws:** "*shall not include any shares ... that has not been settled or closed, including any short sale. ā€œOwnershipā€ shall include shares held in the name of a nominee* ^(\[direct registered/stock certificate\]) *(including a Custodian Holder* ^(\[street name\])*) so long as the person ... retains the right to ... vote."* +* RC is under a [Standstill Provision agreement](https://sec.gov/Archives/edgar/data/1326380/000119380521000031/e620202_ex99-1.htm) ***preventing***: + * Owning more than 20% without board approval + * Discussing anything with anyone not apart of the agreement (excluding the board and corporate officers) + * Proposing to move common stock shares to a voting trust + * Making a proposal to stockholders at any meeting + * **Requesting stockholder list** or other company books and records +* [RC tweeted about Pets.com](https://twitter.com/ryancohen/status/1367555194196787206); Pets.com was owned [24.5% by Amazon on December 31, 2000](https://www.sec.gov/Archives/edgar/data/1018724/000103221001000225/0001032210-01-000225-0001.txt), 16 days later, [Pets.com liquidates and dissolves](https://www.sec.gov/Archives/edgar/data/1100683/000089161801000054/f68606ex99-1.txt) + * Amazon also owns/owned [6.46% of Vanguard](https://www.sec.gov/Archives/edgar/data/0000102909/000110465921017400/tv0190-amazoncominc.htm) and [5.5% of Blackrock](https://www.sec.gov/Archives/edgar/data/0001364742/000083423721007398/us0231351067_020421.txt) +* MGGA - An actual OTC [ticker symbol from the early 2000's](https://www.sec.gov/Archives/edgar/data/0001112481/000107704801500046/pressrelease04092001.txt), was a stock that was originally from a reverse merger and wasn't [revoked for 5 years](https://www.sec.gov/Archives/edgar/data/0001112481/999999999713016380/filename1.pdf). RC seems to point out these dead companies, so I'm just taking this one at face value. + +# + +# Conclusion + +So with these facts, the assumption I make is if Gamestop does issue an NFT Dividend or a rights offering (maybe in Gmerica), it's important to be a shareholder on record....on the ***Record Date, with ComputerShare***. Given Blue Apron's press release/filing was after the record date, and even the latest Gamestop filing showing the COO separation was 5 days after press release....no one knows when the record date may be. + +&#x200B; + +# For the Lulz - 741 From [Gamestop's Bylaws](https://www.sec.gov/Archives/edgar/data/1326380/000132638017000012/ex321_fifthamendbylaws.htm) + +* Article VII *(Capital Stock)*; Section 4 *(****Record Date****)*; Paragraph 1: ^(\[paraphrased\]) + +>*In order that the Corporation may determine the stockholders entitled to notice ... to vote ... or to receive payment of any dividend or* ***other distribution*** *or allotment of any rights or to exercise any rights in respect of any change,* ***conversion or exchange of stock*** *or for the purpose of any other lawful action,* ***the Board*** *may fix a record date, ... if no record date is fixed by the Board ..., if notice is waived, at the close of business on the day next preceding the day on which the meeting is held, and,* ***for determining stockholders entitled to receive payment of any dividend or other distribution*** *...* + +Aside from trying to understand the date of notice, if this is what 741 has meant and alluded to, ***the record date*** to be entitled to **a dividend or conversion**, then the Board may fix a date (unlikely I think), or on the day before the meeting to determine stockholders entitled to these rights (dividend/conversion/ect...). + +&#x200B; + +Just more to pass the time... if you've never read the [letter from RC to the board](https://www.sec.gov/Archives/edgar/data/0001822844/000101359420000821/rc13da3-111620.pdf) from 2020, it's an inspiring read for shareholders. + +&#x200B; + +**Edit:** Credit to u/theaggrokrag. The Wu-Tang album "Once Upon a Time in Shaolin," released on November 25th, 2015. This date is awkwardly close to u/Criand's TRS 90-day cycle, and if the banner theory on GameStop's twitter is really a countdown, it's also near the release date of Halo Infinite. For reference, the gov announced that the [Wu-Tang album was sold on 07/27/2021](https://www.npr.org/2021/07/27/1021284593/martin-shkreli-wu-tang-clan-album-sold) and RC started tweeting in increments of 7-4-1 each month in July, August, and September. This really could align with the "**Record Date**." +ā€œEverybody seems to know when long-term interest rates rise you donā€™t buy long-duration bonds. But what people forget is you also donā€™t want to buy long-duration equities,ā€ Bernstein, CEO and CIO of Richard Bernstein Advisors, told CNBCā€™s ā€œ[Trading Nation](https://www.cnbc.com/trading-nation/)ā€ on Wednesday. ā€œWhatā€™s a long-duration equity? Simply put, itā€™s one with a high P/E \[price-to-earnings ratio\].ā€ + +ā€œThere were tons of promises made about what the future was going to look like. Those promises came true between 2000 and 2010. Largely, they came true,ā€ he said. ā€œBut the tech sector gave you negative absolute returns for a decade.ā€ + +ā€œI donā€™t think too many tech investors today are prepared for negative absolute returns for three, five or 10 years,ā€ he said. + +ā€œIf the nominal economy is getting stronger, you want stocks that are going to be very sensitive to that improvement in nominal economy,ā€ Bernstein said. ā€œThat outlook for the next several years is probably going to favor cyclicals over more secular growers.ā€ + +[https://www.cnbc.com/2021/03/17/big-tech-faces-way-more-than-10percent-downside-investor-rich-bernstein.html](https://www.cnbc.com/2021/03/17/big-tech-faces-way-more-than-10percent-downside-investor-rich-bernstein.html) +I should start off by saying that I am a dividend growth investor. I usually like investing in stocks where the risk vs. reward is appealing. In my opinion, Lockheed Martin fits into that category and is one of my largest positions. + +BASIC COMPANY INFORMATION + +Lockheed Martin is aerospace and defence company which provides very high-end military equipment. Aircraft is where they particularly shine with the F-35 accounting for about 30% of the company's revenue. + +The lion's share of the company's revenue comes the united states government. Most of all aircraft used by the air force comes from this one company. + +CEO INFORMATION + +Lockheed recently announced in 2020 a new CEO to run the company. His name is Jim Taiclet .While having several years of experience with Lockheed, his previous experience as CEO was not with another defense company. + +Most of his career was spent running the successful REIT known as American Tower (AMT). The company has been very successful both during and after his tenure. (Which is another great dividend growth company I might add). + +[https://www.lockheedmartin.com/en-us/who-we-are/leadership-governance/james-taiclet-joins-lockheed-martin-president-ceo.html](https://www.lockheedmartin.com/en-us/who-we-are/leadership-governance/james-taiclet-joins-lockheed-martin-president-ceo.html) + +DIVIDEND HISTORY/SAHRE BUYBACKS + +Quarterly Payout (At A Glance) 2020 - $2.60 2019 - $2.40 2018 - $2.20 2017 - $2.00 2016 - $1.82 2015 - $1.65 + +Dividend Yield = 2.68% + +Payout Ratio = \~40% (Very Safe) + +Let me start be saying that this company is EXTREMELY profitable. The company is currently on an 18 year consecutive dividend streak. Not to mention the company buys back BILLIONS of its own stock year in and year out. I fully expect this company to be a dividend aristocrat in a few years. + +The dividend yield is about double that of the S&P as of today and only has a Payout Ratio of about 40%. This means that not only does this company has a good yield while buying back stock, but this company can EASILY afford to maintain and RAISE the dividend over time dramatically. + +[https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/lockheed-ramps-dividend-8-3-114733950.html](https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/lockheed-ramps-dividend-8-3-114733950.html) + +[https://investors.lockheedmartin.com/stock-information/dividend-history](https://investors.lockheedmartin.com/stock-information/dividend-history) + +MERGERS & ACQUISITIONS + +The company has a long history of M&A activity and the most recent example of this Aerojet Rocketdyne (AJRD). This is yet another example of the company using its financial fortress of a balance sheet and exemplary cash flows to acquire other businesses. + +AJRD is a space and aeronautics company which could potentially extend more deals with NASA and the U.S. government. This was recently announced about six months ago in December 2020 and is likely to finalize in 2021. + +[https://news.lockheedmartin.com/2020-12-20-Lockheed-Martin-to-Acquire-Aerojet-Rocketdyne-Strengthening-Position-as-Leading-Provider-of-Technologies-to-Deter-Threats-and-Help-Secure-the-United-States-and-its-Allies](https://news.lockheedmartin.com/2020-12-20-Lockheed-Martin-to-Acquire-Aerojet-Rocketdyne-Strengthening-Position-as-Leading-Provider-of-Technologies-to-Deter-Threats-and-Help-Secure-the-United-States-and-its-Allies) + +FINANCIAL INFORMATION + +The company has incredible financials. The balance sheet is a financial fortress. The debt load is very controllable. Cash flows continue to pour in record numbers year after year and 2021 guidance issued by the company expects record revenue and record EPS for the year. + +The Biden administration just issued an increase in defense spending of about \~1% earlier this year. All the more reason for this company's financials to continue to stay healthy. Financials linked below.... + +[https://finance.yahoo.com/quote/LMT/balance-sheet/](https://finance.yahoo.com/quote/LMT/balance-sheet/) + +[https://finance.yahoo.com/quote/LMT/cash-flow?p=LMT](https://finance.yahoo.com/quote/LMT/cash-flow?p=LMT) + +[https://finance.yahoo.com/quote/LMT/financials?p=LMT](https://finance.yahoo.com/quote/LMT/financials?p=LMT) + +GROWTH STORY MOVING FORWARD + +LMT is expected to grow top-line revenue numbers 4.50% in 2021 and 3.70% in 2022. Earnings per share for the company in 2020 finished at $24.58. This is expected to grow to $26.68 in 2021 and $27.90 in 2022. + +Contracts are usually signed many years in advance. Revenues can be easily forcasted for the next several years due to the timelines of the contracts. Furthermore, innovation is not only encouraged, but expected by shareholders AND the united states military is order for our nation to maintain relevant in terms of weaponry. + +New age military equipment is usually pretty "hush-hush" on what is in the works but Lockheed Martin does disclose some of these new products including technologies such as new highly intelligent drones, missile systems, and even targeted lasers. + +One thing is for sure, the military will continue come out with bigger and badder weapons. Who will likely be selling it to them? Probably good ole LMT. + +Newer acquisitions such as the recent AJRD deal allows Lockheed to also focus on other products in the space category and is another wildcard with some potential. + +[https://finance.yahoo.com/quote/LMT/analysis?p=LMT](https://finance.yahoo.com/quote/LMT/analysis?p=LMT) + +COMPETITIVE ADVANTAGE/ BARRIER TO ENTRY + +If you were given 10 million dollars, and your goal was to create a globally recognized soda brand, could you get it done? Maybe. What about 10 million to create a social media platform? Also a maybe. But could you start a aeronautics and/or defence company with 10 million budget? Absolutely not. + +The regulations are incredibly strict. The demand for capital is VERY HIGH with projects frequently running into the billions of dollars. Switching from one business to another poses risks for the government and our military and are usually avoided. + +This makes the U.S. government very loyal and sticky to LMT business and this is very likely to continue. While there are competitors in the space....Lockheed continues to dominate this market. + +VALUATION (WHY IT'S A GREAT BUY IMO) + +As mentioned earlier, the company is expected to produce $27.90 in EPS in 2022. Based of of today's price of $390, this gives this company a forward PE ratio of \~13.9. This is an EXTREMELY low forward PE ratio for a company putting up record numbers and dominating the market that it operates in. + +This is even more impressive considering it's still off a fair amount from it's previous all time highs. I am very bullish and this is one of my largest positions. I am not remotely interested in selling. I am buying at these prices or really anything even close to these levels. I wouldn't sell a share if this company were to go to $800 a share tomorrow morning. + +[https://finance.yahoo.com/quote/LMT/analysis?p=LMT](https://finance.yahoo.com/quote/LMT/analysis?p=LMT) + +RISK FACTORS TO CONSIDER + +Almost all revenue comes from one customer (the government). It is steady and consistent but if the government were to fall out of love with Lockheed then this company would be negatively impacted. + +There aren't many who could take down LMTs throne but their main competitor is Boeing. Boeing has the capital and leverage to compete with Lockheed Martin long term. + +This company is susceptible to a number of different geopolitical risks. Conflicts with other countries could be both a Negative AND a positive for Lockheed. + +The current political climate is leaning harder and harder towards a more relaxed defence budget. + +THANKS FOR READING! COMMENT WHAT YOU THINK BELOW! +Last week I loaded up on some shares of $BB. my avg price is $20.73. + +My plan was to sell some weekly CC and just get assigned. but of course that didnt happen. i didnt realize it should tank so fast. + +After hitting a $28 high, it has just kept dropping. + +is there any chance of it rallying up next week? what are peoples thoughts of $bb? +No, it's not what you might be thinking. + +My father and I have a stellar relationship, and he is literally my life. + +However, we own a beautiful large property in Tuscany with a pool, 30ha of land, olive oil, red wine and grappa produce, as well as a license to build a restaurant. + +For context, here's the property https://abnb.me/2yGLQlssoqb + +We own it with my uncle, and my father and him have a horrible relationship. So the property makes no money because it's unmanaged. + +Having 15 years experience in business, I know exactly what to do and how to execute on a strategy that will net a conservative ā‚¬50k / month in gross profit. It would involve renting the whole property as a luxury retreat, high level catering and sales of own produce. I don't even account a restaurant income, because this will require an additional investment. + +The problem is that my father wouldn't let me execute on that because my uncle would never accept me running the business. Even if that meant making him money - I know, it makes zero sense. Italian drama, I guess. + +The property is worth in the region of ā‚¬2M (or $2.3M) and I'd love to buy my uncle out and get a management contract going with my father so I'm fully in control. Or eventually buy my father out too. + +However, my father wouldn't let me do that and he would rather sell to a third party than to me. Which I'm sort of fine with, although it would be a shame because I know exactly how to make this luxury cash cow that requires limited effort (and I love semi passive income). + +The property is just going on the market and I'd love is someone would have some advice on how to act in such situation? +There seems to be some misunderstanding surrounding cash out refinance so I thought Iā€™d set a quick example. Hoping someone can check my work for accuracy: + +Say a property is worth 1M and there is 200K equity in it, so LTV is 80%. + +200E/800D = 1M 80 LTV + +Now the property increases in value to 1.1M and youā€™ve paid off 100K of the debt. + +400E/700D = 1.1M 64 LTV + +Now you decide to refinance pulling out equity and bringing LTV back to 80. + +Refinance 220E/880D = 1.1M 80 LTV + +You cash out the difference in equity and use it for another property + +400E - 220E = 180E cash out +*Debt increased 80K from 800 to 880 +Familiar story: grew up poor, wasted a ton of money on a degree I don't use, make ok money (45% above median income in area) and can finally start saving. I'm wondering about more experienced investor's take on the current market. Should I be focused more on saving for an investment property or aggressively paying down my student loans? Basically should I penny pinch my way into a down payment on the next year to take advantage of any beneficial rates that may still be offered? Or should I plan on waiting for the inevitable market swing? Just kind of gauging what you would do. Any advice helps. TIA. +I've owned a business for a few years and I'm not really liking it anymore. Someone has offered to buy it for $210k. I want to sell it and use the money to start flipping houses but I'm not sure if I should. I cant flip houses now because I only have $10k cash. I'm scared of the low inventory situation. I know construction so I'm not worried about that part. Im afraid if I just keep the business I'll let it slowly die and it wont be worth anything. Advice?? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[šŸ“š 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) | [šŸ“š 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) | [šŸ’” 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) |[šŸ“ˆ 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) | [šŸ—£ 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) | [šŸ¤” 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) | [šŸ’» 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) | [šŸ“° 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) | [šŸ¤” 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) | [šŸ‘½ 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) | [šŸ“³ 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) | [ā˜ 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 šŸ’ŽšŸ™Œ](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** + +[šŸ“£ 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) | [šŸ“† 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) | [šŸ† 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) | [šŸšØ 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) | [šŸ“– 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) | [šŸ”” 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) | [āŒš 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) | [šŸ„“ 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:"šŸ’» 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!* +**Retail cannot create more shares** so when GameStop says "There should be 26 million shares available for retail but we got 100+ million votes" the media can't blame retail for fucking up the stock. + +So where did retail get their insane amount of shares? Eyes would probably turn to market makers first since they are responsible for having the shares available for buyers through brokers. This would put pressure on them to explain the situation, which would probably start a more public blame game in which everyone would say "it's not our fault" until the finger points to SEC for "not doing their job". + +But what if the media doesn't say anything and tries to hide this news? Well, if GameStop put out a statement about the flood of votes exceeding the actual number of shares I'm sure more people would tweet about it since the the concept of "200M is more than 26M" is easier to understand and believe than "Hedgies are illegally naked shorting GameStop". If enough people talk about it on social media, the mainstream media can't ignore it. + +EDIT: Didn't think too much about the actual number of votes that could be cast so I just threw a big number (100M) since the point was the topic in the title, but after few comments I decided to type this here too: + +It seems like institutions (like ~~BlackRock~~ Vanguard) didn't recall their shares on the record date (4/15, there wasn't mass buying back shares) so if their shares are still shorted (borrowed and sold) the new owners (possibly retail apes) could've claimed the right to vote - thus the amount of votes from retail could be twice what they should have. + +According to investopedia "Whoever owns the shares on the record date, whether that be the initial investor or the investor that bought the shares on the open market, is the one who has voting rights." ([https://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp](https://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp)) + +Since there are \~70 million (actual) shares total, I believe the total amount of votes can't be over that (since to be able to vote you need to have recalled your shares by the record date, I did read something about "over-voting" but couldn't find anything solid on it by googling around), so my "100M" is a bit misleading. Sorry about that! Didn't think about that when wrote this, but that's why I gave it the flair "Opinion" instead of anything else. /EDIT + +**EDIT2:** u/DJchalupaBatman brought up a good point in their comment and I realized that my first edit clashes with the title. I'm not very smart ape so the flair will stay as "opinion", but I did do some researching into a thing called "over-voting". I couldn't find much about it but this was an interesting read [https://katten.com/files/21384\_proxy-vote-processing-issues.pdf](https://katten.com/files/21384_proxy-vote-processing-issues.pdf) + +&#x200B; + +[So the votes CAN go over the actual number of shares outstanding \(\~70mil\)](https://preview.redd.it/b7v7z1iyj5v61.png?width=738&format=png&auto=webp&s=36a9d32cf3a3a1ae332bc895142e48f7980f9ada) + +I'd love to read some DD of over-voting if any ape smarter than me could dig into it! I'm a nordic europoor so I can't even vote in any case;\_; +This is the OG Only 1 Token, perfect timing to get in before we migrate to bigger and better things. + +NEW WEBSITE: + +[https://only1token.com/](https://only1token.com/) + +Over the last month Only1Token has has developed a strong community of people that realize this isn't just another flash in the pan on the BSC. The project launched a month ago and came out of the gates hot hitting an ATH of $11M in five days. But it wasn't long after that when the liquidity issues was noticed. And when I say liquidity issue I don't mean it was a rug pull, I mean there was an issue with the smart contract where it wasn't adding an adequate amount of the transaction fees to the LOCKED liquidity pool. + +So instead of walking away from the project like 99% of other devs would do; the O1T Dev looked at this as an opportunity to make something great, even greater. The team immediately went to work on the new contract and proposed a launch date of May 18th. And redesigned the website. And improved the branding. And made some partnerships with with other exciting projects on the BSC. And stayed extremely transparent with the community to keep a solid base of holders. + +The new token could be the one that all of the other new projects are copying and pasting. MIGRATION to V2 went extremely well today and the devs kicked ass. + +ā˜**Max Supply of 1** + +7% Transaction Fee + +* 4.9% rewarded to holders +* 1.9% added to trading liquidity +* 0.2% sent to Project Evolution Fund for Marketing / Future Improvements, this will be totally transparent and will allow us to market into the next stratosphere! + +[Staking added](https://only1token.medium.com/preparing-for-the-v2-migration-c1b79e851905) after V2 Migration!: + +>As mentioned above, over 25% of the supply of upgraded O1T will be given to the community in the form of LP staking rewards. Anyone who holds O1T will be able to go to the Liquidity section of PancakeSwap V2 and supply equal USD values of BNB and O1T in exchange for Liquidity Pool tokens (LP tokens). LP token holders receive a share of the built in PancakeSwap trading fees as well as a share of the 1.9% liquidity fee AND a share of the 4.9% reflect rewards. + +šŸ”**Partnership hasn't been announced yet but there is one coming.** + + +BRAND NEW CONTRACT: 0xBB994E80E2eDc45dCe9065bda73ADc7E9337b64F + +šŸ”’Locked Liquidity on DX sale + +šŸ„ž**Pancake Swap** + +You need to use V2, 7% slippage. + + +šŸ“±Telegram: Only1Token + + +Marketing Plans after V2 Migration (from [Medium](https://only1token.medium.com/preparing-for-the-v2-migration-c1b79e851905)**):** + +Marketing O1T is a constant, ongoing effort and we aim to continually explore new ways to share O1T with the world. One of the longer and more sustainable methods of continually marketing O1T to other BSC communities will be with our portfolio tracker which we will resume development 'since we have completed the token upgrade. + +We hope everyone in the community is as excited as we are for the future of O1T as we make history together! It wonā€˜t be long before everybody becomes aware that thereā€™s Only 1 Token. + +As part of the Token Upgrade (also from [Medium](https://only1token.medium.com/preparing-for-the-v2-migration-c1b79e851905)**)**: + +EDIT: You guys are amazing. Really. I m exploring technical writing and resume writing seriously and will update you. Thanks again. + + + +EDIT: +Guys thank you very much. I really appreciate your help. Cant believe i have received so much love from everyone. I am going to concentrate on resume writing and eventually technical writing as side gig. I promise to keep everyone updated. + + + + +Sorry admins! if this is not relevent, please feel free to delete. I apologize. + +Sorry a long time lurker. I am stuck in a desperate situation as my wife is not working and due to some circumstances, I am unable to disclose, I will need to pay mortgage of my parents home which I didn't expected and no one did. I bought a house spent my life savings on it. I am working in IT and getting good salary but it won't be able to pay two mortgages. I do not want to change jobs as my previous jobs and managers were hell and I got mentally stressed from that. I do not want to take this risk again ever again. + +&#x200B; + +I have tried uber eats, doordash and resturants had me wait for 20 min sometimes and I got sick recently. I am least concerned about my saftey but have kids at home so I stopped it. I am an immigrant so I won't be able to tutor jobs. Any help or suggestions will be live saving and I would personally pray for you and thank you dearly. + + +[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 + +[šŸ“š 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) | [šŸ“š 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) | [šŸ’” 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) |[šŸ“ˆ 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) | [šŸ—£ 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) | [šŸ¤” 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) | [šŸ’» 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) | [šŸ“° 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) | [šŸ¤” 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) | [šŸ‘½ 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) | [šŸ“³ 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) | [ā˜ 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 šŸ’ŽšŸ™Œ](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** + +[šŸ“£ 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) | [šŸ“† 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) | [šŸ† 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) | [šŸšØ 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) | [šŸ“– 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) | [šŸ”” 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) | [āŒš 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) | [šŸ„“ 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:"šŸ’» 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!* +My financial advisor was supposed liquidate some assets from my IRA so I could roll the money into new IRA. No tax penalty in that. However, he mistakingly sold assets from my individual brokerage account. After being made aware of his mistake, he contacted the brokerage and they did some magic to make my accounts look correct; somehow there was money in the IRA to rollover (which happened, I starting the new IRA) and missing money from the individual account was replenished with IRA funds. So they basically moved some money around to fix the mistake. + +The problem is, the 1099-B still shows a ton of assets sold from that individual account. I guess they weren't able to change that without making it look like fraud. So I'm on the hook for a TON of 2021 capital gains taxes. I can't pay them!! And why should I for his mistake? + +FA says he can't give me money to cover the taxes for his mistake and he'll try to get me some losses in 2022 I can write off to make up for it. I brought up insurance, but he didn't respond. + +Anyone have ideas on the best way to handle this? +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? Weā€™ll probably with internet and electricity more like $2200 . +I am a single mom of 3 kids, ages 17, 7 and 6. I earn enough to pay all our bills and be comfortable. + +My 17 year old will only eat food that is organic and super healthy. Itā€™s a completely different diet than what my younger kids and I eat. Iā€™ve been giving my oldest son money so he can shop for his own groceries, and last night he told me he needs more money - about $175 for two weeks of food. As an example, he drinks kambucha daily, which is $3.50 a bottle. $175 is more than I spend for two weeks for three people. My oldest has two part-time jobs and when I asked what that money is going toward, he said heā€™s putting it in savings. + +So while I can afford to give him grocery money, and I know heā€™s still a minor (heā€™ll be 18 in 7 months), is it reasonable to give him a set amount of money and anything over that amount comes out of his pocket? I want to support him and get him ready for being an adult at the same time. I love that heā€™s saving money but Iā€™m not happy that Iā€™m paying for 100% of his expenses while heā€™s saving a ton of money, and I have two other kids to support. + +Do I make him contribute or do I continue to pay until heā€™s 18? + + +I recently learnt how powerful index fund investing can be on the long run after watching my peers and interviews. + +That being said, what are some big/small tricks you learnt that can make most out of it? And some common mistakes people make that should be avoidable? +Well, title say it all but that's the case my friend not very close has offered me to make the investments for me, as a broker I suppose, I've wanted to invest 3000 dĆ²lars but he doesn't offer me security as he want to do it in without paying taxes, I don't want to I'm scared, maybe it's normal. + +What I should do? Need a security net, what can I ask him to prove he's not gonna scam me? Maybe I just need to tell him no? I know 3k in investments are not too much of a big deal but it's my first time, and I don't really understand this world. + +I just prefer someone who can give me the security that he's not gonna scam me. Asking too, platforms or groups that manage your investments? People or roboadviser? Those automatically invest bots. + +Thank u +I watch George Gammon, and others who explain finance, macro, the CPI and the economy. + +I just saw this in a Capitalist Exploits' email [https://imgur.com/a/v3e0W6C](https://imgur.com/a/v3e0W6C). + +I see that many things cost more, and have heard shady things about the Fed. + +I don't get what causes inflation. What's the mechanism? Does someone or some groups set prices of goods and services? Who/what makes corn or flour or soy or whatever cost more? +Hello, I am a younger investor and I was wondering how the current environment compares to the 2008 Financial Crisis. We currently are in a precarious situation with rampant inflation, supply chain issues and a war going on. How much better or worse is this environment compared to what happened in 2008? + +In addition, how much worse do you think this will get before it gets better? +Just noticed the increase this morning, interest increased from 1.40% to 1.50%. + +CDs seem to have gone up as well, with a 12-month CD sitting at 1.90% APY. + +Nice to see Discover being proactive with their interest rates. +Hello all, + +*I know algotrading isn't quite the subreddit for these questions, so feel free to delete this post. However, people here have the same interests as I do regarding algotrading; hence the reason I ask it here as well as* [r/financialcareers](https://www.reddit.com/r/financialcareers/) . + +Let me first give some background, I am in my final year of a bachelors in mathematics and planning to do a masters in quant. finance next year. I have done quite some projects and worked interesting jobs and feel like I've got a strong resume. I have got quite some interest in trading and would like to work in finance. + +This year I've joined an innovative startup in energy trading, during this job I've learned a lot; from analytics to execution. However, we never really got to trading as investors bolted just before we could launch. I believe that the partners got in some disagreement and investors could sense this, but this is all speculation. The problem arises here, all partners are extremely nice and helpful. They are willing to give me leads, recommendations and referrals. However, I feel these offers are quite mutually exclusive. + +**Offer 1:** + +One partner offered me a job so we could relaunch startup but focus more on analytics side and move to trading side when (and if) we attract new investors. This offer seems very fun as I could focus on what I want in analytics and let creativy fuel my brain. This partner is very fair and if there is profit to be made, he will split evenly. Furthermore, the partner keeps my study in mind and will plan accordingly. Pay is out of own pocket, so compensation will be not good first few months (if ever) but experience wise I'll grow a lot if I can leverage this correctly. + +The only real downside to this is the fact that I get the feeling I'll be setting my path in stone. This startup will be energy related and I feel like my opportunities in the world of finance will be slimming. Even though I believe this job can be leveraged quite good on CV, I am afraid I won't ever get out of energy if I take this. + +**Referral 2:** + +One of the other partners offered to drop my CV at a top MM; he has worked there for quite some time so this has some value as well. This MM also has academic jobs so I could work there during my masters as well. The problem is, I'm aware that a referral in MM's do not really mean anything. You still have to pass all tests (which are the hardest in this MM), do the interviews and eventually get accepted. But compensation wise, this is extremely good if you get accepted. + +Real downside to this referral is the fact that if I don't get accepted, I am not allowed to ever apply again (according to MM). This time of year, I'm quite busy with thesis, school and extracurricular so I won't have a lot of time to do mental maths, brainteasers and just in general preparing without the detoriation of quality in other areas. Also, I and the other partner (from **1**) can get along real well with eachother and I learned (and can learn) a lot from him. + +**Questions:** + +* How to leverage a startup that stopped all operations on CV? +* What is best option for me/ what would you choose? +* Do you think if my CV is dropped at MM, I can apply in half a year when I have more time? +* Am I stuck in field X, if I take opportunity 1? + +**TLDR**; I *(feel like I)* can choose between startup in energy or a referral in MM *(to which if I fail I can never apply again)*. + +Thank you guys for your time. +After 2 years of research and learning code I finally was able to setup an API and execute a trade all from python. I am now looking for that next big step of implementing some sort of algorithmic factor and logic behind the trades. Any thing you would recommend that might be best for a beginner or intermediate level would be great. +Which one is better diversification over system or market? There are many sayings that diversification over system is better (i.e. combining momentum, mean reversion, pattern based strategy on single market like S&P500). + +But I would argue that diversification over market is better. Here's why: + +1.) Reducing the chance of overfitting (i.e. the system has shown edge both for S&P500 and Lean Hogs). + +2.) Reducing left tail risk significantly (i.e. trading S&P500 and Coffee will reduce systematic risk of S&P500). Hence, theoretically the strategy should have beta of zero, asumming large market diversification. + +3.) Less effort as you don't need to maintain that many strategies. + +Ofc you may do both as you progress your trading career. But if you had to choose, which one is better and why? +Yesterday the "meme" (that's how dirty Media calls them, to mock us, but in real gme isn't a meme stock, it's the CHAMPION) stocks moved, popcorn moved 13%, bath stock moved 4.5% and gme moved ONLY 1.5%. + +They can only suppress GME that much, because we still have many apes, who have faith in brokers and use them. The brokers will NEVER have your own intrest in first line, don't be stupid. + +IB chairman peterfly said, if the hedgefund clients go bust, the brokers have to pay the bag. So how can you think, that when you're client, they will allow you to take their money, if they can illegally stop it but pay a small fine? + +It's time to accept the FACT, that only YOU have it in your hand, if you Want to keep getting fcked or finally STAND UP AND WIN! + + +if only 25% member of Superstonk can Direct register with computershare 60% of FREE FLOAT, then the other 75% should finally WAKE UP AND DO THEIR FCKING WORK. look at popcorn apes, their stock went from 70 to now 8 dollar. + +Direct register your shares and they cannot naked short the stock anymore + +EDIT: TALK TO YOUR FAMILY, FRIENDS AND CO ABOUT GME. + +I will NOT STOP TO SPEAK THE TRUTH UNTIL THEY STOP TO CRIME +Guten Morgen to this global band of Apes! šŸ‘‹šŸ¦ + +Welcome to a new week in the GME Saga! +We have seen some extraordinary events in recent weeks, and something has me feeling like this will be a week when we experience more. +With ultra-low volume, banks on the cusp of insolvency, currency devaluation against the dollar, and extreme uncertainty in energy markets, any jolt could send shockwaves. +Though I know not when that jolt may come, I have little doubt that the stage is being set with each passing day. + +Once again, I realized that it's been far too long since I've increased my position, and look forward to correcting that today. +I frequently fall into the trap of feeling like I have all of the GME I could possibly require when the MOASS comes. +Though I certainly have no intention of selling any shares for less than life-changing sums, there is still plenty of reason to increase my position. +For one, there is literally no other investment that I like more than GME, especially in these times. +Can you imagine investing in anything else?The money I have to invest is losing value at an alarming rate at this level of inflation, but there is not a bond or equity other than GME that I trust. +When we buy and DRS our shares, it bolsters the strength of our existing shares that much more. + +Just like Apes are stronger together, our GME shares are as well. +Let's lock the float in ComputerShare. + +Today is Monday, October 10th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ„ 120 minutes in: **$25.34 / 25,87 ā‚¬** *(volume: 2105)* +- šŸŸ„ 115 minutes in: $25.41 / 25,94 ā‚¬ *(volume: 2099)* +- šŸŸ© 110 minutes in: $25.47 / 26,00 ā‚¬ *(volume: 2085)* +- šŸŸ„ 105 minutes in: $25.46 / 25,99 ā‚¬ *(volume: 2007)* +- šŸŸ„ 100 minutes in: $25.51 / 26,04 ā‚¬ *(volume: 1865)* +- šŸŸ„ 95 minutes in: $25.52 / 26,05 ā‚¬ *(volume: 1860)* +- šŸŸ„ 90 minutes in: $25.52 / 26,05 ā‚¬ *(volume: 1842)* +- šŸŸ„ 85 minutes in: $25.57 / 26,10 ā‚¬ *(volume: 1439)* +- šŸŸ© 80 minutes in: $25.65 / 26,18 ā‚¬ *(volume: 1439)* +- šŸŸ„ 75 minutes in: $25.50 / 26,03 ā‚¬ *(volume: 1289)* +- šŸŸ© 70 minutes in: $25.59 / 26,12 ā‚¬ *(volume: 1244)* +- šŸŸ© 65 minutes in: $25.45 / 25,98 ā‚¬ *(volume: 1044)* +- šŸŸ© 60 minutes in: $25.33 / 25,85 ā‚¬ *(volume: 1040)* +- šŸŸ„ 55 minutes in: $25.21 / 25,73 ā‚¬ *(volume: 1010)* +- šŸŸ„ 50 minutes in: $25.23 / 25,75 ā‚¬ *(volume: 1010)* +- šŸŸ„ 45 minutes in: $25.33 / 25,85 ā‚¬ *(volume: 1007)* +- šŸŸ© 40 minutes in: $25.33 / 25,86 ā‚¬ *(volume: 793)* +- šŸŸ„ 35 minutes in: $25.28 / 25,80 ā‚¬ *(volume: 723)* +- ā¬œ 30 minutes in: $25.34 / 25,86 ā‚¬ *(volume: 668)* +- ā¬œ 25 minutes in: $25.34 / 25,86 ā‚¬ *(volume: 642)* +- ā¬œ 20 minutes in: $25.34 / 25,86 ā‚¬ *(volume: 642)* +- šŸŸ© 15 minutes in: $25.34 / 25,86 ā‚¬ *(volume: 598)* +- šŸŸ© 10 minutes in: $25.33 / 25,86 ā‚¬ *(volume: 468)* +- šŸŸ© 5 minutes in: $25.22 / 25,74 ā‚¬ *(volume: 446)* +- šŸŸ„ 0 minutes in: $25.21 / 25,73 ā‚¬ *(volume: 313)* +- šŸŸ„ US close price: $25.35 / 25,88 ā‚¬ *($25.38 / 25,91 ā‚¬ 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 0.9797. 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) + +DiamantenhƤnde 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! +Hello, + +I am a 25 year old man and I managed to buy and pay off a house while in the Army. I own the house outright and is valied at about Ā£275k. + +I am starting my course in September and I'm concerned about finances. + +I am about to start a job on 37k a year which will allow me to save plus my house is being rented for another Ā£800 a month. + +Where it gets complicated is that I have an ongoing legal case with my Mother's will. +I am currently living at her house that was meant to be mine but due to the will issue is currently owned by no one. + +This case is costing about Ā£400-Ā£1200 a month and is consuming my savings. I have about 30k saved but I can't touch 20k of it as it's staked in ETH. + +I am thinking of selling my property and paying for uni outright as well as any costs of living and legal I may face. + +Am I being an idiot thinking this is probably the best course of action? + +It's a 2 year degree but I will most likely do a master's there. So 3 years overall. + +Edit: Yes I've just started a well paying job, I absolutely hate the industry I'm perpetually stuck in and would rather off myself than stay in. I need this degree to restart my career in something I care about. I fucking despise logistics. +This lockdown situation is starting to hit. We're going through a period of being locked at home with way more free time than we are used to (and would like to). This situation is making me reflect and realize how easy has been to get lost in the grind and leave behind other areas of my life. + +I don't know what to fill my days with, all I can think is in working more, but now there's not much work to do. I just sit down and watch Netflix or scroll through reddit. + +Also this extended free time is showing me that I just can't sit and chill, like, actually chill. I struggle to feel content and at peace doing nothing, I feel an underlying anxiety to keep doing things, doing, fixing, completing... + +It's crazy to realize too how much self-worth and drive I get out of work. Now I find myself having no other passions to work on, and I feel like I should start bringing balance into my life again, especially if I ever consider to retire. + +Overall this bizarre opportunity is making me see I need to re-balance my life and start working on several personal areas that I've been unconsciously avoiding for a really long time. + +I'm considering hiring a life coach or counsellor to help me sort all of this out. What is the general opinion in this sub about this? Is anyone else considering something similar? Or facing similar issues? I remember a couple users mentioning it in the past and really benefiting from it. + +Note: throwaway account, I'm a regular user in this sub. This may be a bit off-topic but I found it relevant to open a thread about it. +First off, this post is meant to help people so just hear me out. Constantly this sub is filled with people talking about how they are now "bag holders" bc a stock they invested in has gone down 10-15%. I read the comments and a lot of the time ya'll are only monetarily down like $50-$100, which in the grand scheme of things is nothing. + +For example, I threw $1k into $IBIO when everyone said to "buy the dip" on Tuesday. When it continued to fall yesterday I was down about $150 and then I exited. Cut my loses and on to the next one. I'm able to forget about it and focus on my next win, instead of bag holding for another few weeks or months and having my money tied up. You shouldn't be afraid to bail out when you're down if the physical dollar amount isn't outrageous. + +I scan this sub religiously all day and people make great suggestions for daily swing plays. I'd say there's about 5-10 tickers I make a few $100 on every week by only holding them for a day. Granted I'm putting about $1k into these but the whole point of penny stocks is to get in and out. + +A good example of a daily swing play is this sub was going off about $USIO yesterday when it was down like 20%. I bought 300 shares at $2.82 and sold for a solid profit this morning when it hit $3.27 in PM. Shoutout to whoever made that post. I made a solid $150 in less than a day. + +"Planet Lambo" is not a thing. If you invested $5k in Amazon in the late 90's it would be worth $750k today. Which is absolutely incredible don't get me wrong but please get the notion out of your head that you might be able to invest $200 in and get a return in the tens of thousands just bc it's a penny and has a low price. + +Simply put, get in and out fast, and don't be afraid to lose a bit. You have to spend money to make money. I never hold more than 3 days unless i truly believe in the company. + +I hope this helps some people! +So I want to sell CSP but my broker will only allow it if you have a min $25k balance. Long story shortā€¦ donā€™t trade in Canada. + +So I found this work around that is a hybrid between a CSP and Spread. It is essentially a very wide spread. + +Example: +CSP +AAPL +Sell the 5 DTE - 175 strike +0.16 Delta (~85% chance of profit) +1% return +Break even at expiry $173 +Max Risk $17,329 + +Extra wide spread +AAPL +5 DTE - 175 short / 90 long +0.16 Delta (~85% chance of profit) +2% return +Break even at expiry $173 +Max Risk $8,330 + +Adding the long put at $90 reduces your risk by ~50% and increases your return by %100 without changing your chance of profit +This is going to be long, fair warning. + +I'm a 28 year old man living with in MA. I'm disabled and unable to work. My specific condition is Crohn's Disease and Colitis and some mental health struggles. My boyfriend, now my husband, and I just got married a couple of months ago. He got let go almost eight months ago and we've been living off of his unemployment, my food stamps, and my EAEDC money. (EAEDC is Emergency Aid for the Elderly Disabled and Children) + +I applied for disability almost three years ago and have been denied on multiple levels, ending with being denied by a judge and my lawyer deciding to drop the case. + +I'll eventually try again once I have some tests under my belt, more concrete medical evidence, and a better lawyer but that's not why I'm here. Just wanted to get that out there so people aren't telling me to do that. + +We've been staying inside and keeping busy to save on money and stay away from the general public. We were scraping by well enough. Especially since my husband was making ~$27/hr before he was let go. + +When we got married, the DTA (Department of Transitional Assistance) wanted to know how much we made. Because they are tied to Unemployment, they were aware of how much he was getting in unemployment benefits. Then suddenly they emailed me and texted me saying that we are no longer eligible for food stamps or the EAEDC and have officially closed my case as of today. Apparently his unemployment amount is literally like $20 over the amount we are allowed to make as a married couple. + +We know the local pantries and can pick up food in a pinch, but a lot of the food from the pantry is not great for my condition. Eating like a regular person makes me miserable and suffer a lot of pain so having the food stamps and being able to get the right foods for my diet was pretty integral. + +Any advice on what kind of options we have as a married couple in MA? + +Thank you in advance ā˜ŗļøšŸ’œ +Bitcoin maximalists are people who believe Bitcoin is the only cryptocurrency that will succeed and call all other coins ā€œshitcoinsā€. They degrade and insult any newcomer that shows even a little bit of interest in any other altcoin. They call people holding anything other than Bitcoin ā€œshitcoinersā€. + +Really? Absolutely no other technology will have any utility other than Bitcoin? Nothing? Smart contracts have absolutely no value? The fact that you can have programmable money has no value? DeFi and providing liquidity to millions of unbanked people has no value? NFTs have no value? Come on. + +I think this is a very closed-minded and insecure mentality. It really feels like a cult. If the slightest mention of any coin other than BTC triggers you so much that you have to resort to name calling, itā€™s really telling of your intellect and position. I think itā€™s hilarious that you canā€™t even admit some of the obvious shortcomings in Bitcoin and some of the innovations of other coins. ā€œPeer to peer electronic cashā€. Lol. There is such a vast ecosystem out there and this cultish behavior just stifles adoption and scares away a lot of newcomers. + +Donā€™t get me wrong, Iā€™m not saying Bitcoin is bad or will fail- I love BTC and want it to succeed. Iā€™m just annoyed at the closed mindedness and cultish behavior. This is not a zero-sum winner takes all game. Multiple coins can exist and serve multiple use cases. + +These people are mainly notoriously active on Twitter and a new social media app called Clubhouse. The recent drama with [Lex Fridman](https://youtu.be/yB5WGV4zlgw) really opened my eyes to how toxic this community is. I think Lex is a great guy who often spreads love and positivity and they even managed to vilify him lol. I would love for the cryptocurrency community to be much more accepting and put forward thoughtful arguments instead of resorting to insults. + +tl;dr - Bitcoin maximalism is a toxic insecure cult that canā€™t handle any other coin seeing success and they spread unnecessary negativity in the crypto community. + +Edit: lol some butthurt people are downvoting this thread and all the comments under it hard. + +Edit 2 : here are some links of some of the assholery on Twitter since some were asking [link](https://twitter.com/apompliano/status/1376300966396452872?s=21), [link](https://twitter.com/excellion/status/1377889241200353282?s=21), [link](https://twitter.com/btcklausschwab/status/1377060728201482240?s=21), [link](https://twitter.com/bitcointina/status/1373601736670261251?s=21), [link ](https://twitter.com/chrisknight407/status/1378008661616902155?s=21), [link ](https://twitter.com/chrisknight407/status/1376246533436366854?s=21), [link](https://twitter.com/americanhodl3/status/1377022078960889858?s=21). + +Edit 3: A lot of salty maxis in the comments are equating this post to a ā€œI hate Bitcoinā€ rant. Please read it again. I love Bitcoin. I love the philosophy and revolution. I want it to succeed. I want us to be on the Bitcoin standard. Iā€™m just calling out the unnecessary negativity and elitism of a few people that seem to represent the crypto community on other platforms like Clubhouse and Twitter. All Iā€™m saying is that itā€™s not a zero sum game. There are many other use-cases in the financial world that other projects can satisfy that Bitcoin couldnā€™t. And thatā€™s okay. We can all win. + October 26 2021 - By Stan SzymanskiĀ  + +Yesterday, I wrote a piece titled ā€˜[Whistling Past The Graveyard-Investors Cheer The Interest Payment Made By Evergrande at the 11th hour-The Veiled Risks And Deception Of The Orientsā€™ Real Estate Developers](https://www.encouragingangels.org/new-blog/2021/10/25/4650nhhdu4zgbuyfg2gsa79x59ovb2)ā€™ > + +[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 todayā€™s article, ā€˜A Tsunami Of Bankruptcy Is Coming From The Eastā€™ after reading theĀ [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)Ā (Deutsche Markt Screening Agentur GmbH) regarding the research written by former Fitch analyst, Dr. Marco Metzler.Ā  According to the press release Dr. Metzler and co-authors Ewy and Dam theyā€¦ā€™*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*.ā€™ā€¦ + +In yesterdayā€™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 thatĀ [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:ā€¦ā€™*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*.ā€™ā€¦ + +**So according to Metzler, there is no confirmation that Evergrande actually made the $83.5 million payment even though**Ā [**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 newswiresā€™ paragraph finale:ā€¦ā€™*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*.ā€™ā€¦ + +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!!!** +There are so many new posts lately about how unhappy people are because of FIRE. (Sort by new, and you'll see what I'm talking about.) + +I don't think it's a coincidence that almost all of them are posted through shiney new accounts. + +Maybe it's a bunch of trolls. Maybe they are sincere. I have no way of knowing that. + +But FWIW, I, for one, am a very happy camper in retirement. + +Interestingly, I've been the most grateful I could do this when times have been the toughest. Without getting into details, in the past couple of years, life has had its tough moments. Everything from hospitalized family members with life-threatening conditions to the death of an immediate family member. + +During those darkest of times, I felt so free and happy to be there for and with them without having to juggle work issues or cares about the financial ramifications of the problems at hand. + +I've also been able to focus on my own health and have made big strides with weight loss and chronic health problems. + +I've been generally a happy person all along, but not having to worry about work or money has removed a lot of barriers to contentment. + +I say keep at it and ignore the naysayers! +Hi all, + +Recently I went on a trip to Europe and Africa and used a VISA debit card to withdraw money from ATM's in the various countries I visited. + +After departing Europe I transferred my remaining Euro's into Ugandan shillings, as I was to spend 5 weeks in Uganda. The money I had transferred lasted almost the length of my stay, so I had no need to withdraw money or use my card until the last week. I went to an ATM and tried to access my money, but found I couldn't withdraw anything. A quick balance inquiry showed that my account was overdrawn and three cash withdrawals had been made in Thailand, a country I have never stepped foot in. + +I still had a small amount of cash on me so had to make that last a few days until I returned home to Australia to sort out the issue with my bank. + +Upon returning home they informed me that I'd have to fill out a form to dispute the transactions with Visa and today I received news that there is nothing that can be done, as " these are card present and PIN verified ATM transactions. [They] do not have any dispute rights as per Visa International Operating Regulations". + +The email then explained that my card had been unsecured for over a year and that I had declined to cancel my card in 2014 as per their recommendation. As such they won't be taking any further action. + +Now, as far as I can recall, I received a call from them in August last year regarding a payment I had made online from an overseas store. I confirmed with them that I had in fact made that purchase and that it wasn't fraudulent and I needed it to go through as I wanted the products I was purchasing. I think it is at this point that they have deemed my card unsecure, and because I told them I wanted the transaction to go through, I have lost all rights to claim back fraudulent charges. + +I have called the bank and asked for clarification on the issue and they said I agreed that my card was unsecured and that I had accepted that I had no recourse for future fraudulent transactions since august 2014. + +They mentioned that one of my transactions had been 'intercepted' (I believe this was the one I confirmed with them as legitimate, but they are unable to tell me which one it was) and that at that point it was possible someone accessed my card details. + +Now, they are saying the withdrawals in thailand were card present and PIN approved. What I don't understand is, even if my card details were accessed by someone intercepting my online transaction, how could they get my Pin number? + +I am not able to find any records in my statements of my card being placed on hold (I think the lady on the phone mentioned 'warn hold'?), nor any notifications reminding me that my card was no longer secure. I am disappointed in the bank for this, I would have thought they would remind their customers if their cards were unsecured, rather than leave it that way for 14 months. + +Is there any course of action I can take with this? I can prove I was not in Thailand when the transactions occurred (and that I've never been to Thailand before), but it seems I don't have any recourse with VISA nor the bank at the moment. + +Any help is much appreciated. It's not a lot of money as I keep most of my money in a linked savings account, but it's enough to warrant chasing after it. + +I am 20 years from retiring at age 53 and will receive a pension of 60% of my salary for the rest of my life. Let's say I will receive $60k a year if I end at $100k. I will also receive my other accounts at different ages which are the following: Differed Compensation *tax deferred (53), Pension Annuities (53 paid over 11 years), 457b *roth contributions (59.5), and Social Security (62). So are dividends a good way to supplement me from 53 to 62? I've been picking up SCHD and VTI for now, along with some I bonds. +Is it a good time to buy? Itā€™s a high yield and from what I understand looks like it actually loses money overtime. But it seems like the stock was climbing back up to its average of low 20ā€™s before Covid brought it down. Itā€™s currently sitting at $19. +http://wealthgenerators.com/ + +A bunch of guys at work were telling me to sign up for this and pay a one time fee of $300 and after that there are these payments called trade alerts that deal with foreign exchange. So it deals with buying and selling of US dollars to make a profit. I told him that I wasn't interested and was wondering if someone could shine a light on this because my gut says don't do it and it would be nice if I could get a second opinion. + +EDIT: Just got back from work and thank you guys for all the comments and opinions, I really appreciate your time to explain this concept in depth. I will not be joining this company and will continue to stick to my gut. +I was watching a TV show recently where Anton Du Beke revealed that he has a "private bank" with Coutts. + +I wasn't familiar with the term so, out of curiosity, had a look on the Coutts website but it was surprisingly vague about what their private banking services actually are. + + +Wasn't sure where else to ask this question, so if this post isn't allowed let me know and I'll delete it. +I'm having a brain fart. + +If my rental is nets $10,000 cash on a paid off home currently valued at $100,000 then Cash on Cash return is 10%? + +I'm assuming that the "cash invested" in the denominator of the equation is the current home value? Or is my interpretation incorrect? +#### [New Post - Updated and reposted version as of 2021-05-20](https://www.reddit.com/r/Superstonk/comments/nhh0f1/update_go_nogo_for_launch_the_checklist_keeping/) <-- all updates will be made there. + +**TL;DR: DTCC & Wall St want key things in place before GME unwinds:** + +## 1 - Rules of Engagement + +## 2 - Funding + +## 3 - Cover Story for Timing + +## 4 - Avoiding Perception of Responsibility + +**Official notice that this is not financial advice, etc etc. I have no idea if any of this is indeed why these things are happening, or if they are even what I think they are. I bought a handful of shares before DFV's Congressional hearing because something seemed fucky, and that was my first stock purchase EVER. If you make financial decisions off of this speculation, you probably do eat crayons like me. I am literally just some Ape on the internet mashing buttons and you're gonna have to explain to your wife's boyfriend why you took this as advice and then spent your whole allowance already this week.** + +So this [last post](https://reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) from u/c-digs is about as close as anyone has come to my personal theory that there is a literal checklist somewhere that is getting marked off before this is allowed to unravel. The DTCC and Wall St (and probably the SEC) definitely do not want this spring to unwind before they are ready, and certainly not in a way in which they don't feel they are in control. These players are Big Corporate dicks with Big Corporate mindsets, and its my bet that they don't do anything without a plan that at least addresses all eventualities. + +However, as it is now probably alarmingly clear to them this isn't just gonna go away on its own (cue Apes waving from the windows of the rocket sitting on the launchpad), the DTCC and pals are now scrambling to get the last things in place before somebody trips over the cord to the shredder at 3am and lands on the launch button. + +I think the list goes something like this, but am intending this to be **a crowdsourced document** because there is no way I can keep this all straight on my own, and the GME Investor community has done so so much great DD already. There is definitely more to add in terms of DTCC / OCC / NSCC / SEC rules, and please comment with additional items & sources and I'll try to keep up with editing them into the list. Compiling it here can probably help determine just how close GME probably is to liftoff. It feels like we aren't that far from it now. + +## 1 - Rules of Engagement + +**Opinon - Status: No-Go for Launch** +DTCC would benefit most if new rules about payments in a member default situation are in effect prior to launch. + +āœ… = in effect now +āŒ = pending review / revision + +### To Cover DTCC's own ass + +* **SR-DTC-2021-003: Obligation to Reconcile Activity on a Regular Basis** +*The "You're gonna report your risk daily now, you little shits" Rule.* +Filed 2021-03-09, Effective 2021-03-16 āœ… +[src](https://www.reddit.com/r/GME/comments/m793h7/new_dtcc_rule_just_passed_in_effect_immediatly/) + +* **SR-DTC-2021-004: Amend the Recovery & Wind-down Plan** +*The "We'll liquidate your asse(t)s if you default, then make your pals chip in, before we pay a dime ourselves" Rule.* +Also stipulates what the DTCC is willing to cover when reconciling, as in only shares on the books, and why you (yes you Ape) should have a cash account and not a margin account. +Filed 2021-03-29, Effective Immediately āœ… +[src](https://www.reddit.com/r/GME/comments/mgs05i/analysis_of_srdtc2021004_dtcc_changing_the_game/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +* **SR-DTC-2021-005** *Removed by DTCC for Review* +*The "We're tagging the shares you lend out so you can't do it more than once" Rule.* +Filed 2021-04-01, Removed for further Review ^src-1 / **Now Expected week of April 26th-30th** ^src-2 āŒ +[src-1](https://www.reddit.com/r/Superstonk/comments/mpmcyz/good_news_update_on_dtc2021005_according_to_john/), [src-2](https://www.reddit.com/r/Superstonk/comments/mwzria/update_2_on_dtc2021005_the_filing_will_probably/) + +* **SR-DTC-2021-006: Remove the Security Holder Tracking Service** +*The "We're dropping the old way of tracking shares, cause it didn't work well, and DTC-2021-005 will do it better" Rule.* +It was speculated in another post that the old system of tracking needed to be removed so there was no conflict in implementing DTC-2021-005 (I can't find that post here on reddit anymore, src needed!). It's likely that this could pave the way for 005 to be implemented. +Filed 2021-04-22, Effective Immediately āœ… +[src](https://www.reddit.com/r/Superstonk/comments/mwhyhw/sec_files_srdtc2021006_removing_the_old_and/) <- also my post + +* **SR-DTC-2021-007: Update the DTC Corporate Actions Distributions Service Guide** +*The "Stop bickering back and forth over the manual adjustments to your peer to peer trade records via the dumb APO method, and just use the GD computer validated Claim Connect system, please" Rule.* +Way to make a super vague title DTC... This is mostly about borrowed shares and updating who pays how much when circumstances - like rates - change. The old system (APO) needed both parties to just agree on the adjustments and one side could only submit an adjustment at a time, so it was rarely agreed upon in one pass and the bad guys could likely stall with many back and forths. To me this reads as a please use this better thing now, because APO will go away on July 9th 2021 so you'll have to use Claim Connect by then anyways. Since the lender is likely incentivized to use the new system, it may get adopted in higher numbers sooner. +Filed 2021-04-30, Effective Immediately, Mandatory 2021-07-09 āœ… +[src](https://www.sec.gov/rules/sro/dtc.htm#SR-DTC-2021-007), [Explainer post](https://www.reddit.com/r/Superstonk/comments/n28jes/new_dtc_regulation_posted_srdtc2021007/) + +* **Exchange Act Rule 15c3-3 Compliance Letter: Staff Statement on Fully Paid Lending** +*The "We're making you keep full collateral on hand for your shit, you've got six months to get it together" letter.* +Letter sent 2020-10-22, Effective 2021-04-22 āœ… +[src](https://www.sec.gov/news/public-statement/staff-fully-paid-lending?utm_medium=email&utm_source=govdelivery) + +* **SR-NSCC-2021-002: Amend the Supplemental Liquidity Deposit Requirements** *Pending* +*The "We'll margin call you're ass if your new daily reports say you're overextended and make us feel scared" Rule.* +Works in conjunction with DTC-2021-003. This rule now appears to be clear to be acted on by the SEC. +Possible insight on why this may have been strategically delayed, via /u/yosaso ^src-4 +NSCC-2021-801 Gave Advance Notice of this, and as of 2021-05-04 is cleared to be included with NSC-2021-002. ^src-2 +Filed 2021-03-05, Comment Period Extended to 05-31 / Expected action on or before 2021-06-21 ^src-3 āŒ +[src](https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), [src-2](https://www.reddit.com/r/Superstonk/comments/n51u5d/sec_has_no_objections_to_nscc801/), [src-3](https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf), [src-4](https://www.reddit.com/r/Superstonk/comments/n67h63/the_reason_why_may_4th_was_important/) + +* **SR-NSCC-2021-004: Amend the Recovery & Wind-down Plan** +*The "Just so we're clear about stocks specifically, we're really serious about us not paying for your fuckups unless we have to rule" Rule.* +Works in conjunction with DTC-2021-004, but this is specific to securities and was filed first. ^src-1 This ALSO has language in it about clarifying the mass transfer of customer accounts from a failing member to a stable member. ^src-2 +Filed 2021-03-05, Effective 2021-03-18 āœ… +[src-1](https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), [src-2](https://www.reddit.com/r/Superstonk/comments/mvybgf/sec_is_expecting_the_need_for_a_mass_emergency/) + +* **NSCC-2021-005: Increase the NSCCā€™s Minimum Required Fund Deposit** +*The "We're gonna up your minimum deposit with us from an hysterically low $10K each, to an almost certainly still not enough $250k each" Rule.* +DTCC has submitted this to SEC, but SEC has not approved / published yet, so details may change. ^src-1 +Submitted 2021-04-26, Approved: Pending, Effective: Approval + 20days āŒ +[src-1](https://www.dtcc.com/legal), [Explainer post](https://www.reddit.com/r/Superstonk/comments/mz9gl6/nscc2021005_has_been_signed_today_implementation/) + +* **SR-OCC-2021-003: Increase Persistent Minimum Skin-In-The-Game / Waterfall** *Pending* +*The "You Market Makers are gonna give us more money now in case you fuck up with options later and owe someone more than you have" Rule.* +This is the rule associated with the SR-OCC-2021-801 advanced notice, and SIG filed an opposition during the review period delaying the implementation. +Filed 2021-02-24, Effective 2021-05-31 (expected no later than 05-31, unless further opposition is filed) āŒ +[src](https://www.reddit.com/r/Superstonk/comments/mm8pnz/update_from_sec_on_srocc2021801_aka_srocc2021203/) + +### To cover the non-defaulting members, and the market in general as best as possible + +* **SR-OCC-2021-004: Revisions to OCC's Auction Participation Requirements** *Pending* +*The "Everyone can come to the feeding frenzy party when we liquidate one of you idiots" Rule.* +Allows more firms that were traditionally excluded from an auction of this type to now join in, probably making the market wide bleeding end sooner, and retain more value overall. +Filed 2021-03-19, Effective on or before 2021-05-21 āŒ +[src](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/) + +### Non-regulation / Other Announcments + +**GOV-1085-21: DTCC / FICC White Paper Announcing WABR added as a Sponsored Member** +WABR Cayman Limited is a firm specializing in helping Institutional Sales Traders in times of "thin markets". u/stellarEVH explains: +*"When a company needs to quickly pay off their debts as in the case of a margin call, it can be challenging for them to gather all the money from their various investments. There are firms in place that are specialized in liquidating their portfolio in a manner to minimize market impact while they pay off their debt."* +Announced 2021-04-23, Effective 2021-04-29 +[src](https://www.dtcc.com/-/media/Files/pdf/2021/4/23/GOV1085-21PDF.PDF), via [this post & comments](https://www.reddit.com/r/Superstonk/comments/my1hio/friday_the_dtcc_approved_wabra_morgan_stanley/), linked from [It's Just a Bug, Bro Part 6 - Bug Spray Edition](https://www.reddit.com/r/Superstonk/comments/myl37p/its_just_a_bug_bro_part_6_bug_spray_edition/) +[Additional info on who WABR is](https://reddit.com/r/Superstonk/comments/mz4oza/the_rabbit_hole_of_wabr_cayman_company_limited/) šŸ‘€ *Spidey senses are tingling* +>!*I love this community*!< + +**MBS978-21: FICC Notice on MBSD Intraday Mark-to-Market Charge - Timing of Intraday Collection** +*We've been lenient for the past year cause shit was wack, but we're going back on that regular hourly assesment for margins.* +"Starting on May 3, 2021, the fixed time of 1:00PM will be eliminated and the MBSD Intraday Mark-to-Market Charge will return to an hourly assessment." This combined with other things will tighten the screws. +/u/stellarEVH bringing that good good again: *"For example, itā€™ll be much harder to short GameStop and/or trade in dark pools when youā€™re expected to cover your margin every hour. For the last year, theyā€™ve only needed to prove they were covered at 1pm."* +Notice Date 2021-04-21, Effective 2021-05-03 āœ… +[src post](https://www.reddit.com/r/Superstonk/comments/n3m0qu/the_mandatory_dtcc_common_stock_reallocation_for/), [explainer comment](https://www.reddit.com/r/Superstonk/comments/n3m0qu/the_mandatory_dtcc_common_stock_reallocation_for/gwr8n2a?utm_source=share&utm_medium=web2x&context=3) + +*(please help me fill in other important rules via comments)* + +## 2 - Funding + +**Opinion - Status: Go for Launch** +SR-DTC-2021-004 was likely the big one here, but SR-OCC-2021-004 would be very handy in the aftermath so it's maybe 70/30 in my eyes. + +### To pay out for shares of GME + +* [SHF Pulling money from crypt0](https://finance.yahoo.com/news/bitcoin-doge-ethereum-ripple-price-monday-19-april-crypto-latest-081427050.html) +* SHF Pump and Dump on other stocks +* SHF Liquidate other Assets Under Management (market-wide dive on 2021-04-22?) [Citadel Sell-off?](https://www.reddit.com/r/Superstonk/comments/n0fwx2/kenny_might_be_in_a_bit_of_a_pickle_right_now/) +* DTCC Wind Down and Recovery Strategy (SR-DTC-2021-004) +* *(other suggestions w/ sources wanted)* + +### Secure cash to buy up liquidated assets to prevent total market collapse + +* [Big Banks do a Bond Sales](https://www.reddit.com/r/Superstonk/comments/mu8a5m/6_out_of_the_7_top_listed_us_banks_have_made/), [Citigroup: "Me Too!"](https://www.reddit.com/r/Superstonk/comments/mzvcli/citigroup_borrowing_55_billion_in_latest_bank/) + * Need plausible reasons for making those sales such as earnings report, or LIBOR to SOFR switch, or *insert wildcard like $50 Bil Football League*, etc ... +* Banks Re-Structuring / Netting [src](https://www.reddit.com/r/Superstonk/comments/mur8bz/srdtc2021004_the_dtcc_and_jp_morgan_theyre/) +* New DTCC Rule SR-OCC-2021-004 allowing more players at the auction of the defaulting member's assets āŒ + +## 3 - Cover for Timing of Launch + +**Opinion - Status: No-Go for Launch** +This will likely be the very last one, and we'll only know what they will use as an excuse once it's started. I think all the other pieces would need to be in place for them to feel most confident to light the fuse. This will be more oportunistic in nature, I think. + +Ideally a plausible Corporate or Market Event that the stock price ā€œshouldā€ respond to in order to initiate without the timing looking SUS AF and destabilizing broader market due to fear systemic problems. + +* Corporate: AGM Voting Proxy Release +* Corporate: Dividend Issue +* Corporate: Major Partner Announcement +* Market: Global Supply Chain Issue +* [Liquidity Stress Test - April 26th, 2021](https://www.reddit.com/r/Superstonk/comments/mww2ah/dtcc_planning_liquidity_risk_testing_on_26th/) + Note: the post title says 4 months early but over the last 8 years, its typically been a late April event. 2019/2020 in August appear to be anomolies. +* Government: [POTUS joint address to Congress](https://apnews.com/article/joe-biden-nancy-pelosi-coronavirus-pandemic-267e753a5d1ab7a72d3274728b25f63c) + Green New Deal? Capital Gains Announcement [similar to BS on 2021-04-22?](https://www.bloomberg.com/news/articles/2021-04-22/biden-to-propose-capital-gains-tax-as-high-as-43-4-for-wealthy) +* Government: [2021-05-06 Congressional Hearing with SEC / Gensler, DTCC / Bodson, FINRA / Cook.](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407762) +* Government: [2021-05-27 Congressional Hearing with Big Banks](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407740) +* *(other suggestions wanted)* + +## 4 - Fallguy, and the Lack of Prevention + +**Opinion - Status: Go for Launch** +While they will likely have a fallguy decided upon prior to launch, I don't see it as a necessity that would delay it, certainly not like the Rules of Engagement or Funding would. I also think that nothing would keep them from changing the story if something else influences the narrative in an acceptable way shortly after liftoff. + +### Blame! + +After the market pain is significant enough that the public wants answers, why not lay all the blame on bad actors, and defer attention from the system to try to avoid additional exterior regulation. + +* SHFs (now liquidated) as overly greedy and got what they deserved +* Retail (as Anarchists, or greedy and oportunistic) + * [Forbes article on January Gamma Squeeze](https://www.reddit.com/r/Superstonk/comments/mvf7r3/forbes_reminder_as_we_hodl_towards_the_moass_gme/gvc5c8f/?context=3) +* Foreign Actors trying to destabilize the US Markets +* *(other suggestions w/ sources wanted)* + +### Control Public Image of the System via PR +* DTCC: ["We're doing a great job! Take our word for it!"](https://www.reddit.com/r/Superstonk/comments/mvozps/dtcc_trying_to_get_ahead_of_the_story_the_most/?utm_medium=android_app&utm_source=share) +* DTCC: "We're announcing our plan to keep working on a plan to kind of band-aid a problem that's pretty bad and we've known about for awhile, and like we have definitely been talking about it and stuff, but now we're like really gonna talk about it using words like "in-depth analysis" cause up to now we were mostly just talking about it like how you tell that one friend *"yeah, we should totally hang out soon"* and then you never do, but not now cause we're serious now, and it's definitely not because we've gotta talk to the US Congress this week or anything. Like, honestly." AKA [the DTCC's T+1 Settlement Plan.](https://www.reddit.com/r/Superstonk/comments/n5b91j/dtcc_rolls_out_plan_and_faq_for_a_new_t1/) + +&nbsp; +&nbsp; + +--- + +# *...Meanwhile, at the SEC* + +"Let's at least *look* like we aren't asleep at the wheel here, lads" + +* [Whistleblower Awards](https://www.reddit.com/r/Superstonk/comments/mrfxvg/secgov_sec_awards_over_50_million_to_joint/) +* [Closed door meetings](https://www.reddit.com/r/GME/comments/mihiv9/another_sec_closed_door_meeting_scheduled_for_48/) +* [2021-05-13 Sunshine Act Meeting - Scheduled](https://www.sec.gov/news/closedmeetings/2021/ssamtg051321.htm), postponed 4 times... so far! +* Speech by SEC Commissioner Peirce inlcuding the line that the SEC is *"working on a report about the events related to meme stock trading earlier this year, and some regulatory initiatives may come out of that work."* and a few other statements about how the SEC shouldn't be concerned with firms loosing money... aka Tough Titties Archegos, et al. +[src post](https://www.reddit.com/r/Superstonk/comments/n2ax63/something_apes_missed_read_this/) + +&nbsp; +&nbsp; + +--- +&nbsp; + +Any and all additions you think may belong on this list, feel free to put in the comments, and I'll try to update and give credit where possible. If I got any of these wrong, or you've found better links that explain the rules, let me know in the comments and I'll make those edits. + +Big contributions from previous work on Recent Filings by /u/Antioch_Orontes [here:](https://www.reddit.com/r/Superstonk/comments/msh5mt/a_brief_overview_of_recent_filings_from_the_dtc/) + +&#x200B; + +Edit 1 on 2021-04-22: +Minor formatting. + +Edit 2 on 2021-04-22: +Added NSCC-2021-801 note to the Finalized NSCC-2021-002 entry + +Edit 3 on 2021-04-22: +Added link to DTC-2021-003, Emojis + +Edit 4 on 2021-04-22: +Change NSCC-2021-002 to Pending - thanks /u/TensionCareful + +Edit 5 on 2021-04-22: +Added DTCC PR Campaign - thanks /u/vizsla_velcro, Added Global Supply Chain as possible launch cover - thanks /u/GrizzlyMagnum91, updated to "expected no later than" on OCC-2021-003 - thanks /u/slamweiss + +Edit 6 on 2021-04-22: +Updated NSCC-2021-004 with more info from a post by /u/ecliptic10, that makes the mass transfer of customers from a failing broker to now be considered a Critical Service which are necessary functions of NSCC that can't NOT be done. Looks like more preparing for catastrophe. + +Edit 7 on 2021-04-22: +Added SR-DTC-2021-006 effective immediately (April 22nd), which ends the old security holder tracking service, possibly making way for DTC-2021-005 which is the new tagging system for loaned shares. + +Edit 8 on 2021-04-24: +Updated expected date on SR-DTC-2021-005 refiling and sources, added DTCC planned stress test for 2021-04-26, notes on expected dates of other pending rules, MY OPINION on each category's status for launch, other link for sources. + +Edit 9 on 2021-04-26: +Added GOV1085-21 White Paper on WABR addied as new DTCC Member. Added DTCC non-reg announcements section. + +Edit 10 on 2021-04-28: +Added dates to these Edits for clarity. Added DTCC filing of NSCC-2021-005. Added POTUS address to Congress as possible cover story for major market movements. Added Citigroup Bond offering, possible Citadel sell-off. + +Edit 11 on 2021-05-02: +Added SR-DTC-2021-007. Updated date for postponed SEC closed door meeting. Added SEC Speech by Commissioner Pierce. Added upcoming congressional hearings - thanks /u/daveeyboy. + +Edit 12 on 2021-05-03: +Updated effective date of SR-OCC-2021-004. Added MBS978-21 FICC Notice via /u/stellarEVH. + +Edit 13 on 2021-05-05: +Updates NSCC-2021-801 as in the clear in Section 1. Added DTCC's T+1 Settlement Plan announcement about kind of having a plan soon in Section 4. + +Edit 14 on 2021-05-07: +NSCC-2021-002 officially delayed as far as June 21, 2021. Sunshine meeting for today postponed again. + +Edit 15 on 2021-05-20: +Major revisions made and then reposted [here](https://www.reddit.com/r/Superstonk/comments/nhh0f1/update_go_nogo_for_launch_the_checklist_keeping/) +Back in July 2020 the IOHK team deployed the *Shelley* update and set d, the parameter that governs what percentage of transactions are processed by the genesis nodes, to 1.00. Every five days since then ADA has seen an increase of 2% (additively) in community block production. + +ADA is currently 98% decentralized and is on course to reach 100% decentralization on March 31st. This means that the 1800 already existing community pools will be responsible for creating **all** new blocks. Congrats to ADA and the holders for trying to keep crypto true to its purpose. + + +You can read more on this here: + https://iohk.io/en/blog/posts/2021/03/04/not-long-till-d-0-day/ + + +e: Seeing all the newcomer questions in the comments, just want to point out that this is almost 100% NOT gonna have any imapct on the price of the coin in the short term. +https://www.youtube.com/user/agsmandrew + +here is his youtube channel. theres more then just personal finance and its all for free! + +EDIT: +HEY!! +Andrew Hingston has kindly commented with the dropbox link to his stuff in this comment + +https://www.reddit.com/r/personalfinance/comments/4f5i2i/aus_i_do_a_personal_finance_subject_at_university/d272b8q?context=3 +I failed to notice it in the paperwork signing process. She said "sign here" with her hand on the loan paperwork (not sure if it was covering the amount or even if it was intentional) I signed it, she instantly folded it in half while I signed other paperwork. She kept me busy with stories and small talk. + + + +I feel like I was screwed over...but it is 100% my fault for not paying attention. +Hi everyone! + +Iā€™m writing this to tell you about a scam attempt we avoided last week. + +It all started when we got a legitimate call from our bank saying that there was a suspicious transanction in Kentucky, when we were actually in California. They didnā€™t ask for any data, I just said ā€œthatā€™s not meā€ and they offered to block the debit card and that was it. + +2 days later, we get a call from our bankā€™s fraud department saying that there was suspicious activity on our card, and that they wanted to verify if it was ours (two transactions, a small one and a 1K transactions at Target). The guy over the phone sounded a little sketchy, and was definitely trying to get us to feel urgency. After saying ā€œOk, letā€™s block the cardā€ he said he was going to send us a 2-factor authentication code to our phone. I denied the request and hung up. + +He called again, asking for the same stuff, I asked how I could verify he was from the bank and he replied that the number he was calling from was the same as the number in the back of my credit card. He was right, but I know numbers can be spoofed. I put him on hold and called the bank on another phone we had and when they picked up, I hung up again on the scammer. He called 6 MORE TIMES, while I was talking to the bank. The real bank associate was super chilled, congratulated me on being aware and not giving any data over the phone, and proceeded to check that everything was in order. + + +In short, if your bank is calling and they are asking for information, even if itā€™s just a 2FA code, hang up and call the bank yourselves! If I hadnā€™t blocked my card two days earlier or if I didnā€™t have my super-smart wife with me at that time, I probably would have been reporting a fraud the next day +**EDIT BIG TIME!!!!** +Not gonna karma whore so gonna add what I found to this post. So I'm not rescinding what I said, diamondshands.com is a scam. But I just realized that, I did a who is on the wrong domain. The one that is being sent around is in fact diamondhandshistory.com. So I ran it again just this time the response is a bit fishy. They are using something called Privacyprotect.org. Now you may ask what is that, well its a service that companies use to protect websites from hackers/spammers/dmca's/other legal stuff. Well more of a deterrent since you could just file legal stuff with the domain registrar and what ever. My point is, whoever set it up doesn't want people to know who they are. After poking a bit at their website its even more fishy, so I'm doubling down on this post and saying either these are really bad opportunist or Kenny & Co. are getting really really desperate. + +So in new people have been posting that they've been getting PM's about a group putting together a book about some non-existent movement and need their permission to use their usernames. We all know this is a scam, but to nail the point home if you do a who is search on the domain name you come up with this company "TurnCommerce, Inc." They are a known scammer site that normally pushes fake pharmaceuticalls through many different domains. These are the same type of guys who try and steal your grandma's money because they she has a virus on her computer. So now we have a new contender in the Shill department (not just Shitadel anymore). So basically BEWARE OF SCAMMERS PERIOD WE NO LONGER JUST HAVE MAJOR HF'S TO WORRY ABOUT WE HAVE THE OTHER SCUM AS WELL. +Overview: + +Entire team of 15+ team members doxxed and public. (Videos of them in pinned in telegram, check it out!) + +Actual use case DEX/CEX product, NFT marketplace, being launched. Very extensive roadmap. + +Team has over 15+ years of experience building businesses. They have done marketing campaigns over $100m USD. + +Relatively small Marketcap (29m). + +You are early - Project is 7 days old and growing exponentially. <200 reddit members. <2,500 members on telegram. <4,500 holders. + +CreamPYE was built with the idea of creating long term value while giving back to communities worldwide. We want to foster development in the culinary industry by providing donations to institutions who develop jobs for the food industry. + +---------------------------------- + + +Tokenomics: + +1,000,000,000,000,000 Total minted PYE tokens + +Fair Launch ā€“ 300 Trillion Team Tokens Burned before launch + +Marketplace Mining Rewards ā€“ 100 Trillion Retained in Rewards Wallet for future deployment to PYE Platform users. Rewards will be distributed over a five year timeframe. + +PancakeSwap Initial Pool ā€“ 600 Trillion staked with liquidity on PanCakeSwap DEX exchange. + +Current Transaction Fees + +5% of transactions will be distributed to all holders of PYE based upon percentage of holdings + +4.9% of transactions will be put automatically into Liquidity Pool Generation + +0.1% of transactions will go into a dedicated charity wallet to be distributed to our exclusive partner charity only. + +Charity Burn + +Of the extracted BNB: + +60% ā€“ Donated to Charity (Charities will be presented and voted upon by the PYE Community) + +20% ā€“ Marketing + +20% ā€“ Business and Operating Fund + +Of the Extracted PYE Tokens: + +60% ā€“ Burned Tokens + +40% ā€“ Community Giveaways + + +--------------------------- + +First impression: + +The thing that stuck out to me immediately is the fact that the team posted a full length video introducing the entire team and a strong message from the CEO. + +The video can be viewed here on their twitter: + +https://twitter.com/creampyetoken/status/1382820850416590849?s=20. + +This gives me confidence that at the minimum, this token will be around for the long term. An entire team of experts has been assembled and are ready to push the project. + +----------------------------------------- + +The actual use of Creampye: + +CreamPye is solving an actual problem that developers have. In other words, this is not a shitcoin. + +Mission statement from their website: ā€œA common misconception developers have is the ability to balance what it will take to build a self sustainable ecosystem for a token project to survive long term while generating enough resources to process what it takes to reach its full potential while becoming respected as a leader in their space. + +CreamPYE is built to balance all aspects of its protocol and achieve sustainable long term growth through development of our road map with strategically developed tokenomics and the right team in place from day one.ā€ + +-------------------------------------------- + +Their product also includes: + +Very in depth roadmap, going all the way through 2022. + +The team behind Creampye has much experience in this space and has 15+ years of creating businesses. + +Their website is a team of marketing experts as well, running over $100M marketing campaigns. + +Their roadmap (and I understand these are always subject to change) includes: An NFT marketplace, charity contributions, development of Pyeswap exchange, a creampye app, integration with e-commerce stores, and partnerships with artists for the NFT marketplace. + +The Excellent Timing You are currently very early to this project. It is only 6 days old. + +There are less than 3k existing holders, fewer than 200 members in the reddit, and less than 2k members in the telegram. + +With a market cap of 29m, this token has a lot of room to run. + +It has not even been listed on Coingecko or CoinMarketCap yet (Submitted and pending). + +Also, did I mention their very experienced marketing team? Because they have stated that their marketing campaigns are starting today. + +In Conclusion Truth be told, the only way to make 100x returns in crypto is to get in early.. + +No one believed in bitcoin when it was $50, no one believed in Gamestop when it was only $.50. You must enter early if you want the true "moon". And for all those who are concerned, you are still very early (the token is only 6 days old and has a very healthy chart). The marketing campaign begins today. + +At the minimum, the transparency and experience of the team, the tokenomics, and the real use-case of this coin make it a great long term hold. + +------------------------------- + + +-Website: https://www.creampye.com + +-Telegram Group: https://t.me/creampyetoken + +-Twitter: https://twitter.com/creampyetoken + +-Instagram: https://instagram.com/creampyetoken + +-Reddit: /r/CreamPYE/ + +-Poocoin: https://poocoin.app/tokens/0xaad87f47cdea777faf87e7602e91e3a6afbe4d57 + +-------------- + +How to buy: + +-Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaad87f47cdea777faf87e7602e91e3a6afbe4d57 + +------------------------------- + + +3 MAJOR MARKETING HIGHLIGHTS: + +CRYPTIC, HEAD OF MARKETING, LITERALLY JUST LAUNCHED AN AD CAMPAIGN IN THE VIDEO. + +EVIDENCE OF COLLABORATION/SPONSORSHIP FOR SPORTS TEAM ON THE TASK BOARD + +BEST TIK TOK VIDEO HITTING SOMEONE WITH A CREAMPYE WINS THE 1 OF 1 CREAMPYE NFT. + +0xAaD87f47CDEa777FAF87e7602E91e3a6AFbe4D57 +I was just notified by ML before the weekend and will talk to the company and my former advisor soon. But this seems abnormal and makes me want to pull up stakes and go to another source. + +Wondering if anyone else here has seen this or has some experienced insight. What questions should I ask? + +EDIT/UPDATE: +The situation appears to be as many of you have said, competition and the group leaving to get a better situation for their business. A fairly ordinary thing. From this understanding I can evaluate options. Thanks everyone, so many of your comments helped me ask good questions in the conversations I've had so far. + + +All my Cycles ive been thru in Crypto my Strategie was always to buy solid Top 20 coins i like when the Market is down like these days when everbody else get scared and ask how low can we go. + +Now i want to make things a little bit different and take a bigger risk. + +I want to buy (a small percentage of my cash) Cryptos that are not even in Top 100. + +My Problem is i have no glue how to do research on this. + +So please tell me your favourite low cap coins and tell me why you love it. + +so i can start my research and maybe by your bag of shitcoins. + +Thank you Crypto guys!!! +Iā€™ve been a lurker on this sub for a while now. + +I started investing last December with 5000 dollars. Over the past year Iā€™ve slowly added more and I now have 30000 invested in the market. + +Iā€™m also up 10% which Iā€™m extremely happy with. + +I know to some people that may not be a lot , especially considering how good the market was in early 2019, however I couldnā€™t be happier. + +I started off not knowing a single thing , I had no one to teach me, so I just read as much as I could , browsed this sub learning from successes and failures. + +Long story short , thanks. And if anyone is absolutely new to investing like I was last year , just do your reading and research , donā€™t make emotional decisions, and only risk what you can afford to lose. + +Thanks +I know Iā€™m just crying into the void along with every other novice retail trader but goddamn I just need to vent. Played around with investing in 2020 and made big returns. I had no real idea how fragile my entire approach was until these past three weeks. Moved huge portions of my portfolio from AMZN to ARKK early January. Took out margin equal to 50+% of my NLV to buy the ā€œdipā€ a few days into this cycle and in hindsight I effectively doubled down on those positions at nearly their ATH. Everybody says itā€™s a long game, hold it and forget it. And god Iā€™m trying. But now I have to hold margin for all that time? That seems like fixing a terrible move with another terrible move. And ARKK isnā€™t just tech, itā€™s one of the riskiest tech ETFs out there. Why did I do that? God I feel stupid. + +This is too much for someone with existing mental health problems. I have an appointment with a financial advisor later today but itā€™s going to take weeks/months to emotionally recover and a year/years to financially recover, best case scenario. I hate this. + +Edit: I know margin was stupid. Iā€™m not from a background where people talk about investing. I never had a chance to talk to someone about the risks. All I knew was an instant loan with a 2.5% rate. None of you are wrong when you say it was stupid but I promise you Iā€™m already telling myself that every minute. +My spouse and I are in a pretty good place financially (knock on wood). We have no kids, and plan to retire when we're roughly 45-50 with roughly $10M saved (combined total). We may also have some passive business income coming in, and we will of course have income from our investments at that time. + +We live full-time in a LCOL area, and will likely move to another warmer LCOL area when we're less mobile, but after we retire, we plan to travel full-time internationally for several years (maybe roughly 10 years). I guess my question is did anyone else do several years of travel full-time after retiring? Were you able to budget properly while still experiencing things fully in your travels? Do you have any tips to share? + +My other, perhaps more important question is, did you find friends in similar circumstances? All of our friends make far less than we do right now, and presumably would not be able to travel with us. Did you make friends through your travels in similar circumstances? It would be great if we had friends that could do part of our travels with us. Unfortunately, right now that doesn't look possible. + +For those who have fatFIREd early, are your friends in similar circumstances? How do you make friends who are in similar circumstances? +https://qz.com/1623418/index-funds-now-account-for-half-the-us-stock-market + +> The shift has been going on since 2006, with money flowing out of active and into passive every year since then. Itā€™s taking place as a growing number of investors realize that highly paid money managers are seldom able to beat broad benchmarks of stock market performance. More than $39 billion of cash went into passive US equity funds last month, compared with $22 billion for their active counterparts. + +> When it comes to passive investments, can there be too much of a good thing? A concern is that, if too much money flows into funds that simply track an index, markets will become inefficient, and prices will no longer reflect the underlying value of specific assets. Itā€™s worth remembering that many passive funds are used actively, with investors and traders buying and selling them regularly to rebalance their portfolios. Indexes have become a way for some investors to pursue individualized strategies. +I am writing this post with the hope someone could give an explanation or at least has a clue of why this happened. + +So, two weeks ago I made an withdrawal from Binance to my Barclays account of 2900 Ā£(used Revolut before) . Next day my account was frozen and there was a 500,000 Ā£ overdraft. I went to the bank, they could not give me an explanation so I raised a complaint which is still currently being reviewed. + +Two weeks go by, and one day, I can see that my account is working just fine and the 500K overdraft is gone. Next day my app was not working, so I went into my branch where I was informed that they are closing my account and that I will get an email informing me when I can withdraw my money. + +Has anyone have any similar experience that might shed some light on what is going on? +Good Morning everyone! + +I have exactly 34 days until I finish up my contract and I am free! I am moving to Denver, CO for college in the spring but I am a tad worried about housing in the area cause I have no rental history or credit since I purchased my car in cash. + +I'm curious about how hard it will be for me to talk to landlords about a place to rack out. I understand that a lot of transplants go there at a young age and aren't as serious about life at that stage. + +I'm leaving my home state for CO in late September. I also dont know when I should begin talking to landlords. I have heard 30 days out and I've heard 30+ days out. I would stay home for a few months to save cash until then but my house is packed with my two little brothers and my parents. I'll go insane staying there after being independent for the past 4 years. + +Can someone help a brother out? + +Edit: I want to say Thank You to everyone for the bad ass advice and guidance! Im writing all of this down in a notebook to make sure I have everything looked at and covered. Also, Thank You for the gold kind stranger! + +Edit#2: I tried to reply to all the comments! Its a fuck ton, and I dont like being a dick to people who are genuinely trying to help me, If i didn't reply im sorry! All of yall are great! +Granted, I could be very wrong, as I'm very new to the game. + +But from watching a ton of videos showing how various indicators predict price direction, 100% of them do the following: + +"Hey, let's look at this EMA line. You see how the price broke through it and continues to ride above it? That means it's trending up and it's probably a good time to buy. Now see how it quickly dipped below the EMA line and is now consistently below it? That means the EMA line became the new resistance." + +Uhhhh ok... so we're just gonna gloss over the "dipped below the EMA" part? If the price can just randomly dip below that EMA at any point, then what the hell is the point of all this? It's like saying "to run without falling, just keep running, and when you fall that means you fell." ...Great. + +I see them do the same shit with all the different "indicators." +Over the last 9 months, we have been comparing Personal Capital and Fidelity Go. Both are performing well (basically the same, with the same objectives), and have reduced our stress over self-managing our portfolio. + +Fidelityā€™s fees are dramatically lower, 0.35 vs 0.89, but they donā€™t do tax loss harvesting. + +It looks like Vanguard Personal Advisor Services and Schwab Intelligent Portfolios Premium are both cheaper still, especially for a portfolio over $2M. Nerdwallet says that Schwab keeps a high cash balance, and Vanguardā€™s tax loss harvesting is individualized. + +Iā€™m looking for a more first-hand understanding of these two roboadvisors for portfolios between $2-5M. + +Does anyone have experience with either Vanguard Personal Advisor Services or Schwab Intelligent Portfolios Premium at these amounts? What did you compare before selecting them and how are they doing for you? +- Were you hesitating saying "there is no way it could get worse"? + +- Were you intentionally waiting because you were confident you could ride it out? + +- Were you trying to sell off? If so, were you successful? Or were your orders not going through due to limited liquidity? + +As someone who started investing after 2009, I always wonder what I would have to do to best survive another crash/correction that many seem to be warning about recently. Part of me is confident I can ride out the dip since I am only investing money that I can live without for at least a couple years. Another part of me is hoping to somehow get out before it hits bottom so that I may reenter at a lower point (Who hasn't daydreamed about going back in time and investing in early 2009?). For those who believe that a major correction could be coming, what kind of survival plan do you have in mind? +Figured I would try to help some of the college kids out. I am by no means a lifelong trader, though I have been successful in my short career...maybe 4 years now? The stress of figuring out what to do in your life and how to start out is fresh in my mind. + +Edit 1: About time for me to head home. Yes, I was trading throughout this. Actually, today was one of my worst days in a few months, so cheers to that. It's a rollercoaster of a life, but one that I love. Tomorrow's another day. When I get home I'll try to answer a few more before I begin trading the night sesions....so if not, more tomorrow. Thanks guys, was fun. +I'm currently an undergrad majoring in finance with a concentration in investments and I was wondering how it is that others practice their financial modeling? I understand there's a multitude of different resources available on the sidebar, but how can I find information to apply these to in more of a real-life setting that can give me more experience as to what I'd be doing as an analyst? +Figured I would try to help some of the college kids out. I am by no means a lifelong trader, though I have been successful in my short career...maybe 4 years now? The stress of figuring out what to do in your life and how to start out is fresh in my mind. + +Edit 1: About time for me to head home. Yes, I was trading throughout this. Actually, today was one of my worst days in a few months, so cheers to that. It's a rollercoaster of a life, but one that I love. Tomorrow's another day. When I get home I'll try to answer a few more before I begin trading the night sesions....so if not, more tomorrow. Thanks guys, was fun. +The tenant I evicted moved across the street and proceeded to destroy the unit. + +Unfortunately, I don't have enough proof however, the dumbass moved his junk car to my property and left it there. So now in solidifies that it was him/them. + +I'm planning to completely renovate and gut the place out anyways so I'm not too mad however, he's been a menace and continues to destroy the house. I'll be walling up the place and boarding up the place after the complete gut out. + +What worries me is after I completely renovate the unit and he breaks my new windows and messes up my new paint. + +What should I do? If I make a police report, I'm worried he'll/they'll create a bigger nuisance. In the near future during the renovation phase, I will be installing cctv and really closely monitoring the occurances to get him redhanded. + +Any advice from landlords? How do I get him out of the neighborhood? The neighborhood I'm in are filled with nice houses 500k+ except his and mine (which will change after the reno). + +Edit: I've contacted landlord of other building and he said he will "talk to the tenants". I doubt it'll mean anything. + +&#x200B; +Hello everyone, + +I've been following this sub for a couple months now, and I think I'm getting ready to take a plunge. + +Some background, I'm from Portland, Oregon, and I have saved 110K cash now which I would like to put in real estate. I have enough emergency funds for 4-5 months apart from that. + +Now, I'd like to make it a net cash flow business, but I've not seen anything that is fitting the net cash flow calculation when I'm looking for properties in Washington and Oregon. I'd prefer multi family home (which seems impossible with my budget in WA or OR), short of which I'd prefer townhome + +The calculations that I'm using is: + +Gross cash flow = Rent - Mortgage + +Net cash flow = Gross cash flow - other expenses (I'm assuming it to be 10% of rent accounting for occasional maintenance, occasional vacancy, property management fees) + +ROI %= (Net cash flow/Down payment) \* 100 + +Cap ratio = (Net cash flow/House price) \* 100 + +Now my questions are: + +a) Is my calculation for ROI for cash flow is correct? Am I undercounting or overcounting something? + +b) Why am I not finding anything that fits the criteria for positive ROI? How do you all find it? I'm just looking at various cities filtered by price and my criteria in Redfin/Zillow. + +c) What RoI I should be aiming for to make it worth a while? I'm not counting RoI in terms of appreciation of the place which I think is reasonable assumption to make. + +d) Should I just give up on WA and OR, and look for places like MI, or TX? Any recommended cities that I should explore? + +Admittedly, I'm new to this, and likely am not thinking about it correctly. So, I would truly appreciate and be grateful for all the advice here you have for me. + +Thanks a lot in advance. +Hi, So basically I have very strict Asian parents. And for them, it's either you become a doctor or you work minimum wage jobs there is no in-between. And recently the home environment is very toxic for me. The only thing they do is demoralize me all the time. I have enrolled in Lambda Bootcamp course for front-end web development. It's starting on September 28 and ending around March and hopefully, after that I will have a decent job. For now, I was thinking of moving to Seattle but before moving I was planning to buy a used card in Connecticut (I am in ct right now). I have around 10K in savings. My credit score is 734 Experian. And my total credit limit at the moment is 21000. I have 1 personal loan of 5000. I have paid about 600$ so far and all my credit card payments and loan payments are always on time. In Seattle, I plan on working part-time as a uber driver while studying in the day. What would be the best financial advice for someone in my place? and how exactly should execute my plan to move? + +I was also looking at studio apartments in Seattle and they were between 700-1200. Do you think I would be able to afford a studio apartment with my uber job? Here is what I thought of finance a car - move to Seattle - change my driving licence to Washington - transfer my plates- buy the insurance and start studying and working. +Alright guys. This is going to be long, but if you want actual DD, sit back and enjoy. NET is doing excellent, and will only continue to excel as it continues to grab market share and boom in the background. + +&#x200B; + +**---** + +**What is Cloudflare?** + +Cloudflare is going to make a leading player in next-generation computing. From their blog: [https://blog.cloudflare.com/rendering-react-on-the-edge-with-flareact-and-cloudflare-workers/](https://blog.cloudflare.com/rendering-react-on-the-edge-with-flareact-and-cloudflare-workers/). Excerpt: + +>ā€œImagine youā€™re the maintainer of a high-traffic media website, and your DNS is already hosted on Cloudflare. +> +>Page speed is critical. You need to get content to your audience as quickly as possible on every device. You also need to render ads in a speedy way to maintain a good user experience and make money to support your journalism...Ā Ā youā€™re going to need to pay for some beefy servers to be able to handle spikes in traffic and respond to requests in a timely manner...Cloudflare Workers allow you to run your code on the edge quickly, efficiently and at scale. Instead of paying for a server to host your code, you can host it directly inside the datacenterā€ + +Seriously, this is cool, and itā€™s only beginning. Cloudflare is innovating every day. Their customers absolutely love them. As a software engineer, they have already have some products are there that are pretty cool like Cloudflare Pages and Cloudflare Workers. I think whatā€™s going to help them into a powerhouse is this: + +&#x200B; + +>Over the coming months, weā€™ll be working on integrating Workers and Pages into a seamless experience. Itā€™ll work the exact same way Pages does: just write your code, git push, and weā€™ll deploy it for you. The only difference is, it wonā€™t just be your frontend, itā€™ll be your backend, too. And just to be clear: this is not just for stateless functions. With Workers KV and Durable Objects, we see a huge opportunity to really enable any web application to be built on this platform. + +Soon, developers will be able to make full-stack applications end-to-end using Cloudflareā€™s network. Cloudflare will handle all of the annoying stuff about development including hosting and deployment. And theyā€™ll allow developers of all size to instantly scale their application across the entire United States, all while increasing developer productivity and satisfaction. + +If youā€™re not a developer, you probably didnā€™t understand most of that, but essentially, theyā€™re making it so you can build entire applications using solely their infrastructure. This is actually genuinely cool, and will save the average developer tons of time and money. + +I can easily see how this propels their growth even faster than 50%. And if this thing inches up to 60-65% YoY as it expands itā€™s profitability... šŸš€šŸš€šŸš€ + +(And even if it doesnā€™t, and stays at 50%, it will still šŸš€ but slower. Regardless, itā€™s going up) + +&#x200B; + +\--- + +ā€œBuT iT tAnKeD oN EaRnInGsā€ + +That drop is an absolute blessing to those who arenā€™t long. Plus itā€™s hardly a tank when itā€™s at ATHs if you exclude the one week in its history where it was higher + +Its earnings was good, and to those who havenā€™t read it, [do so](https://www.cloudflare.com/press-releases/2021/cloudflare-announces-fourth-quarter-and-fiscal-year-2020-financial-results/) besides relying on a stockā€™s immediate reaction. To the 90% who will completely ignore that sentence: + +>Revenue growth was 50% YOY which is consistent with the last 3 earnings + +&#x200B; + +Revenue right now is $125 million **per quarter** or $431 million for 2020. Doesnā€™t sound like much at first, but those of us know the power of compound interest knows how fast that number will be pumped. 5 years from now, thatā€™s $1 billion a a quarter or 4 million a year. In 8 it will be $3 billion/quarter or 12 billion a year + +Yes, 5-8 years is a long time. This is a buy and hold stock. Thatā€™s why Iā€™m long Jan 21 115c. + +The revenue and growth isnā€™t the impressive part. The margins are + +>GAAP gross profit was $96.9 million, or 76.9% gross margin, compared to $65.7 million, or 78.3%, in the fourth quarter of 2019. + +High 70s margins is absolutely incredible. And it's consistent quarter to quarter. That means once NET does reach profitability, theyā€™re going to be **raking** in dough + +That being said, NET isnā€™t profitable yet, which is pretty much the only argument bears can muster (that and high valuation but more on that later). Keep in mind theyā€™ve been screeching the same thing since 2019 and that hasnā€™t stopped it. But once profitability is out of the way, thereā€™s nothing stopping it from being a $300 stock. Hereā€™s why: + +\- Like I mentioned earlier, their losses are decreasing and if my hypothesis is correct, they will reach profitability by early ā€˜22 + +\- Currently 15% of the internet goes through Cloudflareā€™s network and that number is increasing. Literally, 1/6th of the entire internet infrastructure is worth $25 billion. In comparison, a bike company (PTON) is worth double that. + +\- Boomer companies who need to replace their shitty infrastructure will likely turn to Cloudflare due to their reliable secure networks with guaranteed security. Not to mention their prices are dirt-cheap compared to their competitors. + +&#x200B; + +ā€”- + +**CONS** + +The only cons are people concerned with profitability (covered already) and evaluation (priced at 60x sales which tbf is absolutely outrageous). However I think this is still short-sighted. As long as the bull market remains intact (big IF, but Iā€™m a bull so as long interest rates are 0), thereā€™s no reason to believe the rocket rally will end. As we see with SHOP and TSLA, traditional valuations donā€™t matter if the product has a dream, vision, and story, which with Cloudflareā€™s ā€œBuild a Better Internetā€ shtick, I think it does. Especially because customers actually like their product and Cloudflare will continue to innovate and build upon Cloudflareā€™s already enormous Cloudflare network. + +This stock already got [multiple](https://www.thestreet.com/investing/cloudflare-drops-despite-multiple-price-target-upgrades) analysts upgrades. The drop was a blessing to those who arenā€™t in. Start investing in quality and innovation; $85/share is a whole lot less than $300 which is where they will be by 2025 (I want to say 2022, but Iā€™m trying to be conservative here). + +Seriously, give this a second look. Iā€™ve been playing NET since 37. Itā€™s a shit stock that consolidates for months, then rockets 30% in a week. Earnings being great (and not excellent) is the only reason NET hasnā€™t done its 30% move. Iā€™m completely assured that it will soon + +&#x200B; + +EDIT: Made a huge mistake in the first iteration. I implied Cloudflare makes only 130 million a year. They made that last quarter. Their 2020 revenue was almost half a billion ($431 million) +Hello fellow Dividend Investors! + +This applies to all stocks really, not just dividend stocks. Now, we all jokingly mash "SCHD" on our keyboards when a new investor posts on this subreddit asking what they should buy as their first stock. And portfolios posted these days seem to be carbon copies of one another. So I would like to share a few ideas of where you can look for stocks that you may be familiar with. You can also share ideas of where you find ideas for stocks as well if you wish. While Dividend ETFs / Funds may be deemed 'safe' as the stronger companies pull the weaker ones up, you may see better returns, or feel more comfortable holding individual companies you understand, recognise, or ones that you use their products or services. You may also improve gut health by holding individual companies! Win/win. I'll post some ticker examples\*\* in each bullet point to help deliver the message; + +1. Instead of buying say SCHD, or VYM, look at their holdings. They mostly have the same holdings, but there is some variance. And you can also look at other funds / ETFs for ideas too. Are there any companies you recognise (HD)? Do you use their products (PEP) or services? And is the product or service a major part of their sales revenue? Do they have growth potential (TNX)? +2. Dividend Aristocrats. Similar to the above really. (WMT) +3. Bank Statement: What items show up on your bank statement frequently (SUBX)? Are there any subscriptions (AAPL)? Are there any mandatory payments you have to make? Mortgage, Power, Internet etc. +4. Home / Work: There are literally thousands of ideas all around us. What do you see in your room (JNJ)? Your workspace (MSFT)? + +So if have any other ideas of how or where to find dividend stocks, please share below. I'm sure it will be very helpful for everyone. Cheers. + +\*\*Not financial advice to buy these tickers +Iā€™ve always been on the outside looking in when it comes to MO. Smoking just seems like a dying product. Being 33 I know of nobody that smokes cigarettes, not one person. I rarely see anyone smoking them either. That, on top of the fact that I donā€™t understand their dividend, 200% + payout ratio, how do they sustain that?? + +For years Iā€™ve always been like that company is going to die, that dividend will be cut etc etcā€¦.but it never doesā€¦ it has huge drops occasionally but always somehow seems to recover. + +Someone explain this to me, I mean an 8% yield??? what are the main risks here there has be some substantial risks otherwise everyone would just be in MO collecting 8% gains in an uncertain market +When my I started getting into stocks and dividends about 1,5 year ago, after some due diligence, I argued that $T was a good stock to buy. The dividends seemed nice and rookie me went for it. + +Right now a little bit more experienced me is wondering whether I made the right choice in buying $T. The dividends sure were nice but the depreciation of the stock is bothering me (I know it shouldn't). As it stands right now, the current price of $T is $22.84, where my DCA is $29.13. + +Do I keep dollar cost averaging $T down or is this the time to take the L and invest that money in a little bit more promising stock? +Hello fellow Dividend Investors! + +This applies to all stocks really, not just dividend stocks. Now, we all jokingly mash "SCHD" on our keyboards when a new investor posts on this subreddit asking what they should buy as their first stock. And portfolios posted these days seem to be carbon copies of one another. So I would like to share a few ideas of where you can look for stocks that you may be familiar with. You can also share ideas of where you find ideas for stocks as well if you wish. While Dividend ETFs / Funds may be deemed 'safe' as the stronger companies pull the weaker ones up, you may see better returns, or feel more comfortable holding individual companies you understand, recognise, or ones that you use their products or services. You may also improve gut health by holding individual companies! Win/win. I'll post some ticker examples\*\* in each bullet point to help deliver the message; + +1. Instead of buying say SCHD, or VYM, look at their holdings. They mostly have the same holdings, but there is some variance. And you can also look at other funds / ETFs for ideas too. Are there any companies you recognise (HD)? Do you use their products (PEP) or services? And is the product or service a major part of their sales revenue? Do they have growth potential (TNX)? +2. Dividend Aristocrats. Similar to the above really. (WMT) +3. Bank Statement: What items show up on your bank statement frequently (SUBX)? Are there any subscriptions (AAPL)? Are there any mandatory payments you have to make? Mortgage, Power, Internet etc. +4. Home / Work: There are literally thousands of ideas all around us. What do you see in your room (JNJ)? Your workspace (MSFT)? + +So if have any other ideas of how or where to find dividend stocks, please share below. I'm sure it will be very helpful for everyone. Cheers. + +\*\*Not financial advice to buy these tickers +/u/dlauer will be in a [Twitter Space call with Gary Gensler](https://www.reddit.com/r/Superstonk/comments/zlupr4/massive_market_structure_changes_and_direct/) where he can discuss ideas and ask him questions. +If Gary is being genuine and truly wants to fix some of the issues plaguing the US stock market system, very few individuals can point him in the right direction as Dr. Susanne Trimbath. +One of the most knowledgeable individual we have. Helped create the direct registration system, worked at the Federal Reserve Bank of San Francisco, served as a manager in operations at DTC in New York. She has been pushing for change on issues like FTD, dark pools, PFOF. Naked short selling ā€“ for years. + +Please reach out to them and letā€™s see if we can make this happen, Getting her in the call with dlauer and Gary is one of the most important thing we can make happen in my humble view. + + +https://twitter.com/dlauer +https://twitter.com/SusanneTrimbath +Yes, BTC is a hedge against inflation. But please stop rooting for fiat currencies to collapse. + +The collapse of fiat would bring immeasurable pain to the world. Most of your friends and family would be left destitute. The economy would collapse so severely that, even with your relative wealth increasing, the quality of your life would decrease. + +The truth is that 1 million dollar btc is not incompatible with a strong centralized economy. Bitcoin has plenty of utility even if the worlds of fiat, stocks, and bonds proceed apace. It can still have massive growth potential without you wishing destruction upon the world as we know it. + +I understand being skeptical of the goodwill of institutions. I understand being fearful of hyperinflation. But to chuckle with glee and hope for the world to burn is not a productive attitude. Simply be glad to be involved with a promising new asset class, and accept, WITH HUMILITY, that if bitcoin maximalists are right, it could create a tremendous amount of suffering. + +Get rich, fine. Just don't fucking dance. + +[https://www.youtube.com/watch?v=chWCcec\_gzg](https://www.youtube.com/watch?v=chWCcec_gzg) +I was reading [this article,](http://www.budgetsaresexy.com/its-not-about-the-money-its-about-the-lifestyle/) which hit the nail on the head about what many of us are seeking. It talks about a certain standard and quality of life many of us are looking for. For some of us, we can only get that by having a certain level of assets. But for others of us, we have something like this, even without being rich. + + +My last job was my highest paying ever. But I felt like I was in jail, always stressed, no access to healthy food or outlets, and could not enjoy the money. I quit and am earning multitudes less, but love waking up everyday, looking at the mountains in the new city I moved to, going to work, and enjoying the city and country after work. + + +Just a reminder to keep our eyes on what's really important. +I am known for being cheap. Frugal might be a better word, but you may have your own word for this... Anyway, here is how I minimize my essential spending at the supermarket and elsewhere. + +This mostly applies to the major supermarkets, but obviously budget supermarkets are a very effective way to reduce costs. + +This is a long post, but there's only two main, easy-to-do steps that have helped me reduce the impact of all the price increases we have seen lately. Many of the sites/apps I have listed have bonus introductory offers when you are introduced by one of your friends. + +Hopefully, this will help some people here (and apologies if this is not the type of thing appreciated here). + +But does anybody have any better methods?! + +&#x200B; + +**Step 1 - Use a cashback debit/credit card for all purchases.** + +For the longest time, I have been using a NatWest Reward credit card to get 1% cashback on supermarket shopping (0.25% elsewhere). However, there are better options. The Chase current account (debit card), currently offers 1% cashback on nearly all purchases for a year. If you sign up for certain AMEX cards, you could get an extra dunt on the cashback rate for a brief introductory period. Here's the current best cards that I know of. + +>\- Chase 1% cashback for first year +> +>\- Monese 1.5% cashback for new customers until the end of year. +> +>\- Barclaycard Avios - effectively 0.8% back in points +> +>\- NatWest/RBS Reward Credit Card - 1% at supermarkets, 0.25% elsewhere. +> +>\- Various Amex cards - effective cashback rate varies. + +*This is possibly the least effort way to get extra pennies. It's just bonus money for using your card as your normally would. My lifetime cashback with my NatWest card is \~Ā£450 - this is money that I just otherwise would not have had.* + +&#x200B; + +**Step 2 - Get cashback for buying supermarket gift cards.** + +There are two apps where you can get \~4% cashback for buying supermarket gift cards (AirTime Rewards & Jam Doughnut). + +*With Airtime Rewards (*[*https://www.airtimerewards.co.uk/*](https://www.airtimerewards.co.uk/)*), you link your card to the app and you get cashback for spending on your card at lots of retailers and the cashback is used to discount your mobile phone bill (you get cash paid to your linked card if you are with a budget mobile provider). However, you can also purchase digital giftcards and earn cashback on these. Here are the rates:* + +>\- 4% back at ASDA +> +>\- 4% back at Morrisons +> +>\- 4% at Waitrose +> +>\- 4% back at Marks and Spencer's + +*Jam Doughnut (*[*https://jamdoughnut.com/*](https://jamdoughnut.com/)*) is an app that gives you cashback for buying giftcards. You buy a digitial giftcard, and immediately receive the corresponding amount of cashback in your account. You can cash out to your bank account when you hit Ā£10 in your account. Here's the current cashback rates:* + +>\- 3% back at ASDA +> +>\- 4% back at Morrisons +> +>\- 4.5% at Waitrose +> +>\- 6% back at Marks and Spencers +> +>\- 4% back at Sainsburys +> +>\- 3.5% back at Farmfoods + +*Using AirTime rewards or Jam Doughtnut is a piece of cake, you just buy a voucher and scan it at the till to pay for your shopping. Bonus tip: Morrisons vouchers may work at Morrisons petrol stations. Giftcard purchases are instant... so if you were one of those types of people, you could in theory buy these at the checkout for an amount approximately equal to your actual spend. I usually buy them in advance though.* + +Most giftcards can be added to Google Wallet or Apple Pay! + +**Putting it together:** + +So here's my shopping routine - I just buy supermarket giftcards using my cashback spending card and use these giftcards to pay at the till. Using Morrisons as an example, this gets me: + +>\- 1% cashback using Chase card to buy the voucher +> +>\- 4% cashback buying the Voucher on Jam Doughtnut + +***That's 5% back - money that I otherwise would not get.*** + +&#x200B; + +**Wait - that's not all?** + +Not by a long shot. There's several other ways that cashback can be boosted or costs minimised! + +&#x200B; + +**Minimise costs:** + +Occasionally supermarket gift cards can be bought at a significant discount. Monese often sell supermarket giftcards with 10-20% off (e.g. Ā£100 gift card for Ā£80). When these are available, the offers trump any cashback scheme. + +&#x200B; + +***Additional Cashback 1 - Discounts for trying new (and old) products at the supermarket*** + +I use a couple of apps for this. My favourites are: + +* GreenJinn ([https://www.greenjinn.com/](https://www.greenjinn.com/)) +* Shopmium ([https://www.shopmium.com/uk](https://www.shopmium.com/uk)) + +There is also CheckoutSmart (and a few others). Both GreenJinn and Shopmium give you cashback for buying certain products at the supermarket. Some of the offers are, for example, "try for Ā£1" where you will get the difference in price paid back to you in cashback (both use PayPal). But there are also "try for free" offers, where you get the full price paid back to you. Right now Shopmium has a load of offers for trying the Al'Fez range of Moroccan cooking sauces and condiments. + +&#x200B; + +***Additional Cashback 2 - Send 10 receipts to Amazon for a Ā£5 gift voucher each month*** + +With the Amazon Shopper Panel ([https://panel.amazon.co.uk/](https://panel.amazon.co.uk/)), you can get a Ā£5 gift voucher each month that you submit pictures of 10 receipts. I send a picture of all my shopping receipts! + +&#x200B; + +***Additional Cashback 3*** **- Submit pictures of your receipt to other apps too** + +* HuYu ([https://www.huyuapp.co.uk/](https://www.huyuapp.co.uk/)) - this app pays 5p per receipt you submit, but they only accept receipts from major supermarkets. +* SnapMyEats ([https://www.snapmyeats.uk/](https://www.snapmyeats.uk/)) this is an app that pays you for submitting photos of your receipts when you buy any food or drink from pretty much anywhere. You can earn up to Ā£5 a month which can then be spent on a range of gift cards including Amazon vouchers once you have reached Ā£10. Each receipt works out at 20p. +* ZipZero ([https://zipzero.com/](https://zipzero.com/)) is an app that you can use to get cashback on pretty much any shopping. You get 0.5% of your purchase price back when you snap and submit a picture of your receipt from a instore shop. You can also send in email receipts from other shops, and they have a shopping gateway that boosts this to higher percentages for certain retailers. With this app, the cashback can be claimed once you have Ā£10 and is used to discount your utility bills! Important point: half of your requested cashback has to come from "premium" cashback awarded by shopping at their click-through cashback gateway. + +*This step take a few seconds, but is only for the really committed.* + +&#x200B; + +***Additional Cashback 4 - Use cashback website portals for your online shopping*** + +There's two main sites for this: + +* Quidco ([https://www.quidco.com/](https://www.quidco.com/)) +* TopCashback ([https://www.topcashback.co.uk](https://www.topcashback.co.uk)) + +Each of these give cashback for shopping at nearly every online shop going. They also have their own price comparison sections that give cashback when you switch your utility providers (still good for mobile/internet, used to be good for switching gas/electricity every year). + +Many companies also have employee shopping gateways where you can get cashback for online purchases and even for buying prepaid, reloadable supermarket giftcards. Everybody should check if their employer has such a scheme. + +&#x200B; + +***Additional Cashback 5 - Link payment card to cashback apps.*** + +You can also get cashback by linking your payment card to several apps. Once you've linked the card, you automatically get cashback when you shop at certain retailers. This doesn't stack with Jam Doughtnut, but applies if you use your card direct at the supermarket and for many other retailers too. There are several of these, but the most prominent are Airtime Rewards ([https://www.airtimerewards.co.uk/](https://www.airtimerewards.co.uk/)) and Daali ([https://mydaali.com/](https://mydaali.com/)). + +With Airtime Rewards, you get cashback for spending on your card at lots of retailers and the cashback is used to discount your mobile phone bill. With Daali, its the same deal, but you redeem points for gift cards. Daali gives 0.25% at Tesco and Morrisons, 0.5% back at Co-Op. + +&#x200B; + +And that's all I got, anyone got any other good tips? +My father passed away and we finally got his investment portfolio rolled over. Heā€™s got about 2.5 million with about 85% Apple stock and the rest spread around to various mutual funds. My mother is 65 and has no plans to work, so this will fund the rest of her life. + +My fathers financial advisor had told her to keep it as is, but I have a hard time believing thatā€™s smart. Makes sense to me to sell apple and move those funds into a less risky, interest bearing fund. Or heck even a high interest rate savings account that can guarantee preservation of funds. + +Am I off base here? Appreciate any info. + +Update 1: Wow thanks for all the responses! Went to run errands and didnā€™t expect this to blowup so much. Will read through all and prep for our advisor meeting next week. Thanks everyone! + +Update 2: Answering some common questions 1. mother lives in HCOL city 2. father was same age and planned to work another five years 3. was a quick three months from unexpected stage 4 cancer diagnosis to his death so there wasnā€™t any discussion on his risk plans for the rest of their lives 4. Future inheritance is not a priority for me +Hi everyone Eli here! + + +**Last week I closed one futures options trade on SB futures for a profit of $1,401.68, here are the stats:** + +Profit: $1,401.68 (22.34% of credit) +Type: Short strangle +Strikes: $18 Put, $22 Call +\# of contracts:14 +DTE: 58 +Opened: 04/18/22 +Duration: 3 Days +IV: 24.6% + + +Credit received: $6,272 +Profit target: $2,969.68 (47.3% of credit) +Loss target: $6,438.32 (102.65% of credit) +POP: 84% +Fees: $166.32 + + +Risk/reward ratio: 2.16:1 (Risking $2.16 to make $1) +ALL FIGURES ARE AFTER FEES. + + +I decided to close this trade because the position reached near 25% profit target in just 3 days, I took profits off the table to reestablished a new position with the same strikes and expiration but a higher fill price (the position hasn't been filled yet) + + +I have 3 other futures options positions open and I will keep you posted of the wins/losses every week just like I did o my YT for the past year! +**If you are interested to follow my neutral trades and other futures options info you can check out my YT:** **Eli Buyko - Futures Options Trading** + + +Photos of position: + +https://preview.redd.it/x97ggrxcvhv81.png?width=2236&format=png&auto=webp&s=bb8e5c67edd902a5df280b71b2ad1d6eb96c5038 + +Position profile (per 1 contract): + +https://preview.redd.it/7twxmzlgvhv81.png?width=1310&format=png&auto=webp&s=a6eb81e12716fb52e98ed2fb571d528602e9c1f9 +Poor man's covered call (PMCC) is the strategy where you buy a far out, deep ITM LEAPS, and sell CCs against that LEAPS. I think this strategy is objectively better than the normal 100 shares CC thetagang strat. + +&#x200B; + +1) Leverage + +Options provide leverage. When you buy a deep ITM LEAPs, your delta is really high, but your entrance cost is much lower. Deltas can be anywhere from 0.70 to even 1.0, but the cost of the LEAPS could be anywhere from 2-3x cheaper than buying 100 shares of the underlying. You get similar market exposure, but for significantly less cost. + +Added to that, if you'd usually see 0.5% to 1% weekly premium from your CCs, you'll now be receiving 1% - 3% weekly returns. That amount adds up quickly, and can significantly lower your losses against a downturn. + +&#x200B; + +2) Protection against IV spikes. + +We all love it when our CC reaches max profit, right guys? Right?! šŸ„² + +When selling CCs that end up deep ITM, the additional IV on the call makes exiting the position really difficult when you only have shares. If you instead have a LEAPS option, existing the position becomes much easier, as the addition IV value is also added to the LEAPS you own. + +&#x200B; + +3) Downturn Risks. + +LEAPS do have that disadvantage to where if the underlying tanks, your LEAPS will go down much more quickly. But! your LEAPS cost less in the first place, and your added leverage on the CC returns makes the max loss actually a lot lower. If we're talking $ amount instead of just %, PMCCs could be argued to have reduced total risk. + +TL;DR: Use LEAPS instead of just buying the stock. +Iā€™m curious what everyone is using to code their software in. Languages, framework, packages, etc. Sometimes it feel like writing my own software is beating a dead horse, so curious to learn from others experiences. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# šŸŸ£ [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! + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 tradeā€“ then this is for you + +**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) + +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, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +My thoughts on why the entire crypto market just tanked... (tl/dr) + +The people behind B cash thought that this would be the perfect time to launch a full-scale and highly coordinated attack in it's never ending attempt to become 'the one true bitcoin'. + +1) They had that idiot Swede from bitcoin.com come out and announce on every media outlet he was 'selling all his bitcoin, because it's useless'. +2) They then began a well orchestrated FUD campaign that included paid click-farm shills posting everywhere about how Bitcoin will crash there's is the better solution... +3) At the same time Roger, that idiot Swede and others from the Chinese mining groups who collectively hold hundreds of thousands (if not millions) of BTC began dumping just enough to steadily drop the price and reinforce their message... +4) Add in spamming the network with fake transactions to slow things even more...while shouting "See, we're right..." + +....All timed to be within 24 hours of the Coinbase announcement. + +Clearly a well planned power play and It was clearly successful... (sort of) + +Roger Vers and the Swede and the Chinese miners? They all made a shit ton of money. Maybe you did too if you got out in time so who cares right? + +You should care.... this past week was an important week for all crypto as it was the first week of real Wall Street money coming into the market with CME futures (5x bigger btw then CBOE). It was widely known that many investors would be waiting to see how things went, to see if it was too volatile, too manipulated... And guess fucking what? + +Today Ally Financial announced it has changed it's mind and won't allow its 1m+ customers to trade Bitcoin futures.... people are reading about how corrupt the crypto space is with the Coinbase insider trading scandal... and tomorrow morning they will all wake up to read about how it crashed... And they won't seperate out one coin from another... to them it's all the same and Bitcoin is the leader. + +So... the truth is we will recover but make no mistake, the bullshit greed war that Roger the fucking felon started has set back the entire market as the 'institutional money; we all hoped would flood in is now saying "No fucking way"... That and the Roger cartel dumping of BTC in an attempt to get it closer in market share is why we are tanking. + +Now go on, flame me back... I expect it..I'm happy to provide references to all of the above (or you can google it yourself). + +So realize this.. the threat to crypto is not just from governments or Wall Street or some hacker stealing your shit, it's from greed. Greed from within... + +Or maybe not. What the fuck do I know :) + + +**UPDATE 2: Place has ended. Thanks for contributing everybody!** + +--- + +--- + +UPDATE: Current Goal is to write R/ETHEREUM [HERE](https://imgur.com/a/kfHz8) + +**[COME HELP HERE](https://www.reddit.com/place?webview=true#x=518&y=685)** + +Please upvote so more people can help us represent Ethereum! + +--- + +[Bitcoin has drawn their logo on /r/place](https://www.reddit.com/place?webview=true#x=372&y=883) and I think I'd be cool if Ethereum did also. + +[Monero has also drawn their logo on /r/places](https://www.reddit.com/place?webview=true#x=272&y=695) + +The easiest way to get it done would be to avoid fighting for a spot. + +--- + +^(Credit to u/mbloom1915 for giving me the motivation to make this post.) + +link: + +https://www.cnbc.com/2018/01/17/visa-will-not-process-bitcoin-transactions-says-ceo-alfred-kelly.html + + + +> "We will only process fiat currency-based transactions," said Visa CEO Alfred Kelly. + + +> Kelly said he does not view bitcoin as a "payment system player." + +>Bitcoin is more of a "speculative commodity" to invest in, Kelly said. + + + +I think this is interesting because as I understand it, speculators are investing on the basis that one day these currencies will be accepted globally as universal currency. But if Visa won't accept it........ + +"Great stocks come and go, my cash stays forever." +Some of us probably said/done similar things below. +Ready for some stories today? Grab some wine over. + +**---Chilling Friday---** + +ā€œThis stock is way too overpricedā€ +ā€œI think the market is gonna crash soonā€ +ā€œIā€™m holding my cash for a dipā€ +ā€œThereā€™s an inflationā€ + +**My story** + +I used to pride myself as a passive investor, always building my portfolio based on fundamentals and not taking a single risk. + +**Hereā€™s what I did during and after crash - Exactly nothing.** +During the 2020 crash, when all the stocks were at a discounted price. I fear worse dips will come after; When the stock price came back strong in just a few months, I fear a correction is coming; When major indexes reach all-time high, I fear inflation and market crash (Iā€™ve seen ā€œmarket crash is comingā€ type of video/article like every week since January). I missed out on many great opportunities out of unnecessary fear. + +Now, you always hear failure stories from trading without risk management, but you donā€™t often hear safe playersā€™ bad performances. As a reserved investor, I encourage you guys to party a little more. We have to go out there every once in a while to try some different strategies to learn. + +It doesnā€™t matter when the crash will hit IMO, all we need to do is have 20% of cash available to buy the dip and sit on it.šŸ“· + +What do you guys think? Iā€™d love to hear how you deal with stocks at an all time high. +I am currently working two part time jobs. Separately, neither job goes over the threshold for student loan repayments. However, when you combine the salaries from those jobs, I do cross the threshold. + +Iā€™ve just found out that the Student Loans Company do not take the combined salary into account. Therefore, as each salary doesnā€™t meet the threshold on itā€™s own, I will not be required to make any repayments. + +I am hoping to work with this set up of two part time jobs for a good few years. Is it worth me setting up direct debit payments to keep paying off my student loan? Or should I just enjoy the payment holiday? + +Not sure what the best decision is here, financially. Would really appreciate any advice! +Hi, + +So I have an embarrassing story that I have been trying to figure out. I'm 33 years old single male. + +I left medical school before residency started. I now have $170,000 in debt. I am currently working as a nurse and I love the job. In fact, I'm doing 5-6 days work for over 5 months now with some ridiculous bonuses. I still love it. I'm projected to earn a little over $180,000 for this year. + + +I did some math all night and it looks like if I pay $5000 per month when I earn about $10,000-$12,000 (depending on what shift bonus they're offering), this will allow me to pay off student loans in about 3.5 years. But that's working the way I do. The reason I am able to do what I do is because I have been telling myself I am working towards a house and car and I told myself I would pump $5000 into student loans after I have those two. + +I do not own a home. I'm living in a crap area to keep rent low. I have an old ass car that's on it's last leg. I would like to own a home. I would like to buy a car. But these things will be put on hold because my main priority will be the loans. Of course, I'd buy a used car if my shits the bed. + +If I pay the bare minimum of $300, which I got approved when loans start again in 2022, I will be in debt for my life. If I die around 80 yrs, I would have paid about $160,000. But paying $300, would allow me to work towards having a home, family, etc. But this line of thinking isn't what most people think. + +I'm conflicted on what to do because I've spent my 20s working forwards medicine then made some terrible choices. I'm just trying to figure out how to stay motivated and keep my mental health in check. + +Any advice is *greatly* appreciated +Basically the title. If there'll be a recession and this bear is long for 2-3 or even 5 years... If you're in it for 20+ years, why does it matter? Isn't it really just prices on sale for you to DCA? + +I understand the case if someone is like 5-10 years to retirement. But otherwise? Is it maybe that people can't take it psychologically and look at the red unrealised loss for a long time? +Partner and I are 23/22 yo, currently renting a 2 bed unit in Melbourne northwest close to tram lines for $1434 p/month. We are a at the stage as a couple and financially that we would like to purchase a home, and sadly we have both had deceased family members which have given us the funds necessary to do so without drastically changing our expenditure. We would like to purchase a 3 bedroom home/townhouse/unit PPOR, with a yard for our large dog, in the suburbs slightly further afield than where we are currently (Tullamarine, Greenvale, Gladstone park, westmeadows), while also avoiding the suburbs with rougher reputations (Broadmeadows, jacana, Roxburgh park, meadow heights, Craigieburn) + +Savings/contribution: 195k (mix of inheritance/life insurance from a deceased parent and uncle, and genuine savings) + +Partner on 68k pre-tax full time + +I'm a part-time student, 30k casual income pre-tax. This will be less next year as I'll be studying my post-grad full-time and have little time to work. Expected income upon completion in 3 years will be 75k+ increase of $5k per year for first 3 years (industry standard for my future field) + +We've been pre-approved for a loan up to $375k with CBA, 4 year introductory variable home loan 3.4% variable. Not sure if the rate cut will be passed on to this product. (I'm aware this is not the best home loan product on the market. But due to the nature of my income, CBA was one of the few lenders who would even factor in my casual income.) + +Our total purchase price would be 510k, as we desperately would like to keep 50k out of the deposit for a rainy day (house caves in, cars break down, one of us on our deathbed, etc.), but with CBA we are able to put this sum into the loan, reduce the monthly payments accordingly, and have it available as redraw should we need it. It gets eaten away at slowly over time in the course of reducing our monthly payments, but still leaves us a healthy emergency fund away from our everyday bank accounts. Our repayments would roughly be $1440 p/month, very similar to our rent. + +We are using the services of a first home buyer advocate, who's fees are a flat $3,850 upon an unconditional contract of sale. We thought we had done all our due diligence, but it seems like while just one month ago we would have had absolutely no trouble securing what we are after in the areas we are looking to purchase, now the market has skyrocketed just out of our reach. We made an offer this week 37k above the top end of the quoted range, and our offer was beat by a further 43k. Our buyers agent is furiously trying to find off market properties for us to look at, because she has little faith that currently listed properties will stay within their listed ranges, which are already stretching our affordability. She says we need to be patient, as the market in our price range is terribly competitive, and the looser lending and lower interest rates will only further push prices away from us. She is working very hard for us to make sure we don't settle on a home we're unhappy with and can't afford, but there just isn't much out there to even be that choosy with. + +Are we in a good position and just need to remain patient? should we put our purchase on hold until I'm on a much better income, or should we take any opportunity to get on the property ladder ASAP? Or should we scrap our plans for PPOR and think about "rentvesting" instead? We're just kids who have no clue what we're doing + +EDIT: I am not asking for advice on whether my partner and I should buy a house together, just whether we should buy a house. No need to make assumptions about our relationship, we have spoken and have legal agreements in place in case of worst case scenario. Thank you. +Remember in The Dark Knight when the joker rigs up the two ferries with explosives and gives the ferries the detonator to blow up the other boat? Each of you has been given the detonator to other people's money. If you press it, you'll take your reduced gains/losses, but you'll be taking that from another retard, not the hedge funds. + +That's where I'm noticing people are at right now. I've been tracking emotional sentiment across many spam channels and communities, and from what I've seen, traction is slowing down and the big question "Do we sell and take our loss?" is coming up. I guarantee there are a lot of people who would stand in solidarity and/or lie just to keep the mob going. That's how Prisoner's Dilemma works. MANY of you are still diamond hands and I commend your valor, but we need to rally the soldiers who don't have that kind of gumption. We need to stand united. Praise u/deepfuckingvalue for staying in the trade fully. + +# Most Important Part is this paragraph: + +Let me explain the Prisoner's Dilemma: 3 people are arrested. Those 3 people are then questioned individually, but the cops have nothing on them so if they can't get a confession, they all walk free. To try and intimidate them, they tell them if they rat out their friends, they can walk free, but if their friend rats them out first, they won't get that deal. "Do you really trust your friend not to rat you out?" All it takes is solidarity and all 3 walk away and win. But, if one person breaks and rats them out for selfish gains, then the whole thing breaks down. + +You and I, and everyone, all knew coming into this it was a boom or bust trade. The noobies expected immediate returns and are the ones risking the integrity of this play. But we can still prevail. We just have to not rat out our fellow autists to the hedge funds. + +If you overextended yourself and are about to lose your rent money, we understand. We'll buy your shares back. But, remember, we always knew this could zero out and it's important to show your solidarity, because without it, this is over. + +We know the hedge funds are cheating, manipulating media, acting corruptly, and showing their true colors. That means we are winning. They wouldn't need these tactics otherwise. They had the whole weekend to come up with a new strategy to dwindle our resolve and to be honest, I can see that it's having an effect on some of you. We just got mortared something fierce and we're stuck in the trenches with our ears ringing. That doesn't mean the battle is lost. + +Rest assured that the majority of us are NOT selling and if you are in, all you have to do is **hold.** + +This is a test of human nature. Will you be selfless or selfish? Will you trust in your fellow retard or turncoat and run away? Now you show your true nature. + +GIVE THEM NOTHING, BUT TAKE FROM THEM, EVERYTHING. + +Forgot to say this is not financial advice. I just like the stock :). + +Edit: Added this supply/demand chart from u/Davscozal: [https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml](https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml) \- If more green than red, then we're winning. Price decreases are false. This is basic supply/demand. Price does not go down when you have more demand (green) than supply (red), but it did anyway. + +Edit2: u/DivySuresh made the excellent point of saying + +>The last one to cover on the HF side is going to pay the most. So they're facing the same Game Theory problem we are. + +We have to reach their breaking point before they reach ours. "We can remain retarded longer than they can stay solvent." Never forget. +I've been looking for a duplex for a little over a year. I haven't had any luck lining anything up yet. There's currently only 14 duplexes available within a 50-60 mile radius of my city. None of them are desirable to me due to being in bad neighborhoods. Half of them aren't even in liveable condition for 220k+. I'm wondering if I should quit on the whole duplex house hack idea and just buy a 100-180k single family house and get a roommate?. +Iā€™m looking into buying a mixed-use building in Philadelphia that has a commercial unit on the ground floor, as well as two residential units above it. + +Is there anything I should know about this scenario specifically before putting in an offer? One of the two residential units is already leased, and I plan to live the one that is currently unoccupied. + +The monthly expenses not including maintenance come out to about $3600 a month. The unit currently being leased brings in $1650 a month. If you set aside an additional $1650 I can pay myself back for my unit, and I figure I can get at least the same $1650 for the commercial, this looks to me like a slam dunk positive cash flow. Is there something Iā€™m missing? Is commercial rent usually lower than the residential rent? Is it difficult to get commercial tenants? This is in an in-demand neighborhood. + +Appreciate any help as I donā€™t have much commercial experience. +So I went a bit overboard with DCE JD contracts. (Fresh Hen Egg Futures). I took a bunch of drugs and my friend had a bird and idk why but it made me think a Bird flu strain coming this year so I got a shit ton of contracts. + +Turns out I hit the lottery as farmers across the nation massacred their chicken stocks cuz of bird flu. I got in at about 3750 a contract and cashed out at 4400. + +I apparently did not get all of my Contracts out and now I have people contacting me saying I need to take physical delivery of 10 contracts. A contract is 5 metric TONS of eggs!! + +I live in an apartment, I cannot take delivery of 50 tons of eggs!! What do I do???? I made a killing so I can hire whoever I need to to make this go away but can someone help me? I do not want 50 tons of eggs coming to my door. + +Would it be illegal for me to list delivery address as the nearest federal reserve building??? + +For reference/perspective: there are between approx 1174 and 2381 DOZEN eggs in a single ton. This puts me at approx 720,000 - 1.2 million eggs. I am really +Stressing out over the logistics of how the fuck Iā€™d ship out this amount of eggs to shelters. It would have to be SO many shelters. + +EDIT: Those of your DMing me/commenting offering to buy my eggs, there is a 0% chance Iā€™m doing business with anyone autistic enough to use this sub. Somehow we would find a way to both lose massive money. +So i recently got a job at ups for local sort at 14.50 an hour. I get full medical benefits after 6months? a 1$ raise every year. I plan on Applying for delivery as soon as i get my liscence i need to have had it for 2 years as well, starting pay for that is 22.50 an hour, after 5 years im bumped to top pay at 45-50$ an hour, and i plan on driving the feeder trucks as well. Planning everything in my head, I should be able to afford a house by the time im 26-27. Does this sound like a decent plan? My parents say i should just take out a home loan, but i would prefer just to pay it in full wothout having to worry about a mortage. i plan on doing the same with the car im going to buy. Edit: i am 22 +Thats part of it. I was profitable for the week and a good overall return. But it hurts leaving so much money on the table. But thats 100% part of the game. So lets it go and let the next trade come in when its supposed to. + +Forget my emotions and what I think the market owes me. The market doesnt care about me. Learn to be patient like a surfer looking for a wave. There's always another wave. +With Covid hampering international travel, I ended up traveling to Hawaii 3x in 2021. The total cost of hotels came out to 50k. This made me think about buying a 2-3 bedroom vacation condo in Kaanapali in the 2-3M range. My plan is to visit there 1-2x a year with family/friends during holidays, and let a company manage/rent it out the rest of the year. Has anyone else considered doing something similar? Paying/financing the condo is not an issue, and Iā€™m not looking at this as an extra source of income, but I donā€™t want it to be a money sink. Iā€™m not stuck on Kaanapali, but Iā€™m would like to stay close to the ocean. Let me know if Iā€™m better off staying at Airbnb/hotel. +Throwaway account. I need some advice and guidance from redditors here who have achieved fatfire. My partner and I are currently at a networth of $3 million ($4mm less $1m liabilities). $850k of NW is in our primary residence, while the rest is generating income through shares and rental properties. We both hold stable jobs that generate approximately $150k after tax, in a somewhat low to medium level cost of living and our personal expense per annum is approx. $60k. We are in our mid 40s, 2 kids. + +Recently I've been using a number of net worth projection tools, plus one of my own to better understand our options around investing. All the tools seems to point to us getting close to $10mm in 15-20 years time, if we continue to invest at an estimated conservative return of 7%, while working for another 10 years. + +My question is this: has anyone been in a situation similar to ours before, say 15 years ago, and just continued to invest in the market, and generate income from rental properties and made it to fatfire. Is it realistic to get close to $10mm in 15 years from a base of $3mm doing what we're doing now? What can we do to increase our chances to get to this target? + +Appreciate any advice, especially from those of us who've "made" it to fatfire. Cheers. + +Edit: a lot of comments saying that if we retire at 60, then it's not fatfire. The plan is to semi retire at 50-52 and fully retire at 55. After that the plan is to let the money grow by itself to however much, as long as we spend less than what the principal generates in income. +My cost of living is quite low at the moment and I've managed to save up around $10,000. About $29,000 is in a mutual funds account as insurance money from a serious car accident several years ago. + +Right now I'm trying to figure out how to best use my money rather than have it sit around in the bank. I don't know anything about investing or how to make money with money, so I could use some advice. I hear people talk about making your money work for you and I don't know what that really means or how to do it. + +How can I best use my available funds? +Hello, + +I just opened an account in scalable capital and I am going to start investing in ETFs. I am wondering if there is a way to cross check what I actually own the ETFs shares that scalable says I do. For example, scalable could be saying I bought x and y and my investment has made 20% profit but in reality they just took the money and didn't do anything.... +Hi, + +#who are you? +I'm a French citizen who's willing to quit France (stop being a tax resident) and start freelancing within Europe (as a start and maybe south-east asia in a year or two). +I work as a Cyber-security professional. I'm willing to start doing contract jobs starting at 600 euros/day. I'm counting on earning about 10K/month (before tax) as a start. + +#what's the problem? +The tax system here is really bothering me. While I don't mind paying 30-35% of income taxe, paying Capital gains tax slows you down as f*** when you want to start your financial independence journey. If I stay in France, I'd have to pay Business + Income tax. Of course, all of my investments will be taxed as hell (to get tax reduction, in some cases, I need to keep the investments untouched for 5-8+ years). + +#what are your objectives? +I want to quit France to stop being a tax resident and move to another European country. To live my dream of a kind of nomadic life. + +#what are your options? +* Scenario 1: + +I will be working directly at my client's offices. Missions can vary from 3 months up to one year. +This means, in some cases, I might have to declare myself as a tax resident in some countries (where missions > 180 days). +It's not my goal to stop paying taxes..I just want to pay reasonable money for the government, pay myself a little and invest the rest without being taxed. + +* Scenario 2: + +I manage to get myself a 100% remote job so I could move out of the country before 180 days. Even in this scenario, I learned that I might get taxed (it depends on the country). +Any ideas on how to legally avoid paying too much taxes as a nomad? + +#conclusion: +I'm also kind of lost on how/where to set up a legal status/company. I was thinking about Estonia in case I manage to get the remote job. + +I'd really appreciate feedback from people who are/were in the same situation. + +Thanks a lot. +