diff --git "a/reddit_finance_43_250k_297.txt" "b/reddit_finance_43_250k_297.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_297.txt" @@ -0,0 +1,10000 @@ + +https://govmatters.tv/united-states-postal-service-hiring-effort-reflects-countrys-labor-shortage/ + +Edit: /u/longjumping_college found the connection the other day too https://www.reddit.com/r/Superstonk/comments/tz75kr/bcg_is_responsible_for_privatizing_post_office/ +1. To reach a point where working is truly optional, and at my own my pace, on my own hours, on my own terms. + +2. So I can travel the world - in style. + +3. Because I don't have a damn choice! the alternative SUCKS. To me it's become a do or die, if I remain in the rat race for eternity, I'm essentially selling my autonomy for money - I might as well move to Jonestown. + +4. To be able to live anywhere I like (location independent) + +5. To have the freedom to adjust to any cost of living camp. Whereas when you're poor you're trapped and capped at a certain socioeconomic class to which you kinda have to stick to. + +Those are some of my notes. I jot down new reasons periodically. I'd love to read your reasons in the thread! + Hello crypto-lovers and welcome to $FOX FINANCE šŸ¦ŠšŸ¦ŠšŸ¦Š + +Check out our [new website and whitepaper](https://foxfinance.io/)!!! + +**Bottom Line:** +**Current Marketcap - $30m,** +**Launched March 16,** +**110k holders (outside of CEX exchanges)** + +A quick note about me: My name is Steve (@sion42x on TG and Reddit), and Iā€™m an IT executive, hobbyist crypto dev, and have been involved with crypto since the early days of BTC (2012, you can check my post history). As a Fox HODLer I became an admin after 5 days and have been working with our founder, Vojtech Pour, on the development of the FOX platform and growth of our token. You can meet the full team on our website: [https://foxfinance.io/team](https://foxfinance.io/team) + +**Letā€™s talk about FOX šŸ¦Š:** + +FOX is a deflationary, self-staking token built on the Binance Smart Chain. Yes, we realize that this is becoming "old news" in the BSC space. Let me explain what makes FOX different and what FOX adds to the BSC infrastructure and ecosystem to support long-term growth, development and sustained positive impact in the world around us. + +Our goal is to create an ecosystem and community of awareness focused on wildlife and nature conservation through our advocacy platform "FOX IN ACTION". + +Since inception, FOX IN ACTION has performed multiple advocacy campaigns, rewarding the community for tasks such as planting trees, picking up litter and reducing plastic waste through reusable straws. Weā€™ve virtually adopted many foxes through the World Wildlife Fund and WildlifeAidUK and provided other financial donations to worldwide wildlife organizations. + +There are many ways you could categorize the FOX Token, but we prefer to think of it as both a Community and Charity Token. We seek to use our tokenā€™s economic power to build greater communities of awareness on the Binance Smart Chain, and to make an impact in the world environment through donations, action, and new and emerging blockchain technologies. + +**Roadmap! šŸ“ˆ :** + +**LLC Public Entity Status:** FOX finance is working hard to push our European LLC status over the line. This is imminent, and we hope that it will provide much needed reassurance and demonstrate our long-term commitment to achieving growth and transparency for our investors. This will also help us to further develop our business infrastructure e.g. employment contracts, streamline our income streams and tax declarations (which we will be paying in full according to EU law), and provide reassurance and transparency to our charitable partners. + +**Merchandise Marketplace**: Fox Finance is working with AAA Graphic Designers, Game Artists, and 3D designers to bring amazing, cute, and fun merchandise to the market. This merchandise will primarily take on the form of Non Fungible Tokens (NFTs), digital merchandise minted under Foxā€™s official ERC721-compliant contract FOXNFT. The Fox Marketplace will be a web3 enabled site hosted on foxfinance.io, and will accept FOX for art, gaming, 3D printable models, and more. We anticipate having a minimum viable product NFT marketplace alpha available to view and start interacting with from the end of May 2021. We will develop this even further over the coming months. Ultimately, we want support other projects to develop, mint and trade their own NFT's paid for in FOX. Check out the recent post [we made on Medium about this.](https://foxfinance.medium.com/lets-talk-nfts-b50e1aae272) + +**Foxes In Action**: We firmly believe in change through action. We run continuous Fox In Action events, prompting our community FOX holders to perform acts of activism or awareness for the environment. These tasks include things like cleaning up trash, planting trees, using metal straws to reduce plastic waste, and more. For performing these tasks, eligible entries are rewarded in wallet-drop FOX tokens as a way to give back to our community for positive action towards our mission. I highly recommend checking out **#FOXINACTION** on **Twitter** to see the amazing difference our holders have already made. Ultimately, we are looking to expand this out of the crypto-sphere with mainstream investors, likely via development of IOS/Android Apps where FOX is rewarded for large-scale environmental action campaigns. We started to engage socially conscious mainstream marketing agencies outside of the cryosphere to widen our appeal on this already. + +**Donation Pipeline**: Ultimately, the true value of FOX will come in the form of financial assistance to charities that are working diligently to save our world, usually with only fiat as a payment option. We are actively working with environmental/wildlife charities to introduce them to the crypto space and to build trusted partnerships - there is limited infrastructure for BNB in place right now. Initially, we may require donations to Fox Finance to be taxed and exchanged to Fiat for donation purposes, but this involves significant value loss and is out of keeping with our ethos and objectives. Our ultimate goal is to funnel funds from our various events and products as well as stake growth on charity holdings in a completely decentralized manner to charity organizations. This will be accomplished through a series of contracts and partnerships, working with organizations that operate in the blockchain and charities themselves to increase crypto adoption. The Trustless Donation Pipeline is an achievable goal thanks to the power of smart contracts, and will ensure that all charity contributions are trackable from earning to donation on the blockchain without human intervention or fear of misuse. + +**FoxDAO**: The hallmark of a decentralized organization is that even its ongoing decisions are decentralized. To that end, Fox Finance seeks to develop FoxDAO, a Decentralized Autonomous Organization. This set of contracts and dApps will allow us to divest completely from the FOX contract, and utilize voting by stake to make decisions regarding the FOX network. These decisions can include any changeable parameters of the FOX Token Contract, and will ensure a strong decentralized practice based on holder commitment to the platform. + +**So hereā€™s the tokenomics:** + +* With every FOX transaction (purchase, sale AND transfer), 6% of the transaction is sent to liquidity and locked daily on a rolling basis for a 48 month window. +* Another 6% is distributed to all token holders based on their total stake in the FOX Token. +* Included in this automatic staking mechanism is the Burn Wallet (also a HODLer) which is an inaccessible, out-of-circulation address. As the burn wallet receives more, it grows in stake and therefore receives a larger share of each transaction. For the first 50 days, we have been burning a huge 1T tokens every day, and the burn wallet now has the biggest FOX stake of all, currently 7.7% of all transaction tax is burned, and this is growing EXPONENTIALLY. +* We also have a secondary burn mechanism in effect, with a goal to consistently keep liquidity close to 10% of circulating supply. Any unlocked liquidity above that 10% will also be burned. These principles accomplish a number of key goals: + +1. Reduces day-to-day volatility of the FOX Tokenā€™s value +2. Provide a mechanism to award FOX holders simply by having FOX in their wallet +3. Creates financial conditions for exponential growth over time +4. Prevents mistreatment of funds through liquidity locking +5. Ensures increased usage of the FOX token, whether by users or by Fox Finance itself, benefits our investors + +* Now that the initial 50 days has come to a close, we are constantly assessing how to reward our investors. We have not ruled out further burns. An update on this will be announced very soon. + +**Staking:** + +Fox Finance $FOX has been Added to the Kennel Token's Boarding Program! + +How it works: Simply board, aka stake, your $FOX tokens in the token kennels boarding platform and watch your $FOX balance grow! There is a 10% Boarding fee and a 10% unboarding fee. 100% of these fees feed the boarding reward pool. 10% of the reward pool is paid out daily proportional to the amount of your stake! Rewards are added to your staked balance and auto compound! + +Requirements: Simply hold 500 $KENNEL Tokens. As the price of $kennel increases we will decrease the required amount. + +If you have any question in regards to the process please join us on Telegram [u/tokenkennel](https://www.reddit.com/u/tokenkennel/) + +**On the Subject of Rugs šŸ’°:** + +Liquidity is locked: [DeepLock deposits](https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55) + +There have been multiple opportunities for Vojtech (Fox Founder) to pull out funds, but he has steadfastly maintained and proven that Fox is not that kind of project. We want to provide full transparency into our accounts which you can check out on BSCScan using these addresses: + +* FOX Token Contract 0xFAd8E46123D7b4e77496491769C167FF894d2ACB +* FOXNFT Contract 0x55c5ac62262aa1810598e1953578ece74c2857ef +* Marketing Wallet 0x84a7672ba74a5a2712a070ea7cfd0c3c4ffda73b +* Dev Wallet 0xc12faf701d05af1cfabdefc770c3b3c7b59eae10 +* Burn Address 0x0000000000000000000000000000000000000001 +* Liquidity Pool 0x3027ad7781700a03496613377152dba78c38fa55 + +**Token Info! šŸ’µ:** + +**NEW Website**: [https://foxfinance.io](https://foxfinance.io/) + +**Techrate Audit**: https://foxfinance.io/techrate-fox-audit.pdf + +**Contract address**: 0xFAd8E46123D7b4e77496491769C167FF894d2ACB + +**Telegram**: [https://t.me/foxfinancebsc](https://t.me/foxfinancebsc) (>6000 members!) + +**Twitter**: [https://twitter.com/foxfinancebsc](https://twitter.com/foxfinancebsc) \#FOXINACTION + +**Discord**: [https://discord.gg/9XZNnTnhqp](https://discord.gg/9XZNnTnhqp) + +**bscscan**: [https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances](https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances) + +**How to Buy**: Pancake - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb) (slippage 12-15%) + +**1Inch** \- [https://app.1inch.io/#/56/swap/BNB/FOX](https://app.1inch.io/#/56/swap/BNB/FOX) + +**BITMART**: [BITMART FAQ HERE](https://docs.google.com/document/d/1-8hSGsgZJYun2cqQ0NEoSnBJyiazZu1iFsOsJ7jKflA/edit?usp=sharing), AND [https://www.bitmart.com/trade/en?layout=basic&symbol=FOX\_USDT](https://www.bitmart.com/trade/en?layout=basic&symbol=FOX_USDT) + +**HOTBIT:** (temporarily out of action) + +**Chart**: [https://charts.bogged.finance/?token=0xfad8e46123d7b4e77496491769c167ff894d2acb](https://charts.bogged.finance/?token=0xfad8e46123d7b4e77496491769c167ff894d2acb) + +**Marketing: HUGE PUSH INCOMING NOW - only 0.1% of allocated budget used and already price has started to pump.** + +We run CONSTANT wallet-drop giveaway opportunities on Social Media. Keep your eyes on telegram, discord, Twitter and YouTube to participate. + +* Check out our latest Twitter post for 10 Billion FOX giveaway +* Cryptomoonwatch website- $FOX is smashing the polls +* Check out "Final Stand" Youtube channel latest video "Elon Musk reveals Dogecoin Dog Update!!!" - BEST COMMENT WINS 2.5Billion FOX +* Our special NFT giveaway šŸ–¼ is still running for another week: +Buy any amount of $FOX between now and 15 May 2021 11 pm UTC and submit evidence. +šŸ’Ž The biggest transaction receives an animated Diamond-Hands FOX NFT. +šŸ† 2nd-5th largest transactions will receive a Golden-Hands FOX NFT +šŸ„ˆ 6th-10th largest transactions will receive a Silver-Hands FOX NFT +**Check pinned messages on our telegram channel for more information on how to enter.** +* Check out @ Mattgresia latest video on TikTok + +Quick Note: + +Also, as always, Do Your Own Research. This post is not financial advice, but us wanting to share our token progress and movement with you. Obviously as an admin Iā€™m biased, but Iā€™m also a holder just like many others in our community. Itā€™s an amazing group, with an amazing team, and I think we have an even more amazing future. Fox is a fairly new project on the scene and as such, it does have high volatility so please remember that the price can go up and go down and only invest what you can afford to lose. + +Stay foxy! +[https://www.financialsamurai.com/when-earning-one-million-a-year-is-not-enough/](https://www.financialsamurai.com/when-earning-one-million-a-year-is-not-enough/) +This is a legit loan, I totally owe this money. I defaulted on the loan but planned on paying it in full at the end of this year. Got a call from a debt collector saying they would settle for 5k. I was happy to hear that because I said "well that'll save me 2k which I planned on paying". I'm still going to ask for all evidence validating the debt and other proper documentation as stated several times in this sub. Should I pay the 5k they offered me if they validate the debt? Or since they're offering me a lower amount should I try to get it lower? +We're all here because of Satoshi's vision. It would be wise for us to stick to his vision. And if you don't believe Satoshi, then read what [Mike Hearn has to say about this topic](https://medium.com/@octskyward/crash-landing-f5cc19908e32): Bitcoin adoption will sputter then die without an increased block size limit. +It seems like every day, the Dow finds a new ridiculous reason to go up. Whenever I go on Reddit threads, I see everybody saying that they're sitting on cash and that they wouldn't buy stocks at current prices. But stocks are going UP so there must be more buyers than sellers... I find it crazy that Citigroup rose 12% today. So where are all these buyers? If you're buying stocks at current uncertain times, what is your reasoning? I've been pretty bearish but am slowly feeling that I would have better chances of betting in a casino than understanding the stock market +She did not consent to a third party acting on her behalf and is now extremely anxious about the finances involved. She wants to know what options are available to her and if there are any steps she can take in order to receive back this money. + +She is convinced that she did not sign anything or solicit the third party's help whatsoever. + +What can be done? Thanks to everyone in advance. + +The company is called: "Tax Returned" +I will soon hit 30 or ā€œthe age of wisdomā€ as my mother used to say. On the surface, Iā€™m doing quite well: a sales person working in a fair company, always exceeding my objectives. They pay me Ā£35k in fixed salary and about the same amount in commissions. Some people think itā€™s easy money, but believe me, it never is. I work extremely hard to close every single deal. Partly because I like when a job is well done, partly because I know Iā€™m going to be fairly paid for my effort. + +I know that my sales commissions arenā€™t guaranteed and therefore should be wise enough to save and invest it. But for reasons that I donā€™t really understand, Iā€™ve never done it. + +So Iā€™ve always convinced myself that if I needed money, I would just work harder. I knew deep inside this was not wise, but so far it never was an issue. + +My mother was recently diagnosed with renal failure causing further complications. Iā€™ll spare you the details, but she needs me both emotionally and financially because sheā€™s not able to work anymore. + +She always assumed that Iā€™m financially well-off andā€¦ I never told her that Iā€™m actually in debt. It has always been a weight that I carried within myself. My personal shame that no-one knows about or could even suspect. + +No matter how stupid I feel for living the way I do, I never managed to live differently. I know I should budget (I do it at work all the time) and live below my means, but Iā€™ve always been too proud to accept that despite working 80h/week, I would still need to check my bank accounts before making a purchase. It would be like admitting my own failure, which I feel forced to do now. + +I need to take care of my mother and cannot put up with the same amount of hours at work. Iā€™m silently going deeper into debt to support her, and canā€™t see the light at the end of the tunnel. + +I feel like Iā€™m a real-life idiot sandwich... If only I could undo all these years. Why do we have to fall so low in order to realise whatā€™s important in life? + +NB: Sorry for the rant, Iā€™m feeling really down. +I just bought a PC part for Ā£140, same shop is now selling for Ā£118. I'm pretty tempted to return and buy it again. Minimal effort for a decent saving. What lengths do you go to to ensure you get the most for your money? + +EDIT: I can't get a partial refund from the company, the advisor I spoke to told me to return and rebuy. I need the drive more than I need Ā£22 so I won't be doing that. +Iā€™m so unbelievably filled with so much red hot rage and pain that I feel like I can barely stand it at times. + +Nobody in my professional, medical-based field will believe me when I tell them. ā€œYouā€™re strange.ā€ They will tell me. + +Nobody in my family believes me. Only my grandfather, who has decades of business experience, has even been able to get close to putting the whole puzzle together, but he has sworn away from the stock market (tbh, pretty based). However, Iā€™ve tried to convince them dozens of times. Iā€™ve even been laughed at. + +Now Iā€™ve been trying for months to convince HUNDREDS of my friends and most 29 and under people I have the opportunity to be with for multiple days. I donā€™t just drop it on strangers. Iā€™m not a fucking weirdo. I try to talk about GameStop with people who I have at least had a meal with, or had drinks with. Literally 2. Thatā€™s it. 2 of my friends have believed me. Iā€™m literally balling my eyes out typing this. + +It is up to us apes. Nobody wants us to succeed, but us. And we only want to succeed for them. I will do at nothing except to bring these evil, greedy bastards to their knees! NO CELL, NO FUCKING SELL! + +It will also be up to us in the future. What will become of the dollar? Who knows? We will be rich immediately overnight, or eventually. Who honestly cares how much money we earn if everything continues to stay the same? ā€œOnly interested in speaking with candidates who want to actually WORK...ā€ + +We are to be the ones to change the world. + +Iā€™m beyond pain. Iā€™m beyond frustrated. Iā€™m beyond being in it for the money. I invest in GameStop bc I like the stock, and I want justice. I want justice for the last 100 years of American society. I want justice for my family. I want justice for humanity. Itā€™s not even about IF we are going to be better. We ARE better. + +I, for one, have a well-thought out and meticulous plan for how I will be spending my tendies to help my fellow man. I will not be providing details here, but I will not rest. I WILL NOT STOP until I solve this extremely important problem in America, and for the world rather. We are going to change the world apes. You just have to believe that you are always trying to do right for humanity. Be true to yourself and your heart. We can accomplish anything. + +I love you šŸ¦ see you on the šŸŒ– +You all have been some of my best friends and itā€™s difficult to admit that, sometimes. +Ook ook :ā€) + +Edit: how could I possibly forget these šŸ–šŸ’ŽšŸ¤š +šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ (also fixed a couple words and grammar) +It's been overshadowed by the split announcement for sure. On the surface it looks like it is more just a side note for the reasoning behind the expansion of authorized shares. + +But do you know what else is defined and controlled by the employee incentive plan? + +RETIREMENT ACCOUNT MANAGEMENT + +We've been begging and screaming to get direct Computershare management of IRAs... Doing that requires a change to the employee incentive plan. Now here we are being told that there's a change coming to the employee incentive plan and nobody is freaking out about this? + +We won't know until we know, but there's no need to increase authorization just to pay stock options, they've already got 10m shares reserved for ESOs right now +The title just about says it all. She left grad school 6 months ago to take care of our baby and has no income currently. She has bad credit. I have good credit. + +Consolidating these loans would add a lot to my debt:income and I don't want to hurt my credit by doing so. Is my logic accurate? + +Edit: not all of her loans are from graduate school, only about 10k from undergrad. she was in chiropractic school then we had the baby. she was thinking of going back, but with the amount of money it would end up costing her (~300k) we made a decision for her to stop borrowing money and take care of our child, instead of putting her in daycare. Not all chiropractors make a ton of money, so it doesn't make sense for her to finish especially since she has an undergraduate degree that she can get a job with, so in a few years she will be working and paying off her portion of the debt. +The French government is going to sell $34.5M worth of Bitcoin seized in 2019 + +Isn't it amazing to sell BTC when at the same time the French government says that Bitcoin is only used for criminal activities? + +Does the French government want to promote criminal activities? + +Total hypocrisy of governments as always. + +Bitcoin is dangerous if you listen to them, but if there is a way to make money out of it, then you should not hesitate. The most incredible thing is that this does not seem to shock anyone in the general public. +Here are the articles Iā€™m referring to. There were plenty more. I think lots of people must be thinking they will be receiving payments when they arenā€™t. And you donā€™t receive the difference either, the offset just reduces your tax bill (if you have one) to $0. + +Quote from ABC article: +"So the LMITO will be no different ā€” if you owe the ATO money and are entitled to the new $1,080 offset, that entitlement will firstly be applied against your existing ATO debt before you get the rest." + +But you donā€™t get the rest! Why has this been so poorly communicated? + +https://www.google.com.au/amp/s/amp.theaustralian.com.au/breaking-news/low-and-middle-income-tax-offset-worth-1080-beginning-to-be-paid/news-story/3ff584427363eb0baea123580d858723 + +https://www.google.com.au/amp/amp.abc.net.au/article/11281634 +Hey there, long timer here. I've been doing crypto since 2012, got my first amounts of bitcoin at <$20 range. (don't worry, they're long gone now) + + +Do yourself a favor and zoom out. Crypto goes through these kinds of boom and bust cycles all the time. Sure it's fun to see the price shoot up by 10-20% in a day, but this is it, these are the moments that separate the smart money from the dumb money. + + +Please don't invest more than you can afford to lose, don't fomo into something with dollar signs in your eyes, and don't assume that price can just trend in one direction forever. +Ryan has a verified youtube channel with 4 youtube videos, all interviews.. These videos give us a rare view of his perspective and philosophies. I have rewatched these videos and everytime it validates my belief in his vision and gamestop. Sure we all enjoy him and the memes. But we really do have a chairman who cares about his customers and shareholders. He is a genuine human and these 4 videos are evident not only he cares, but he knows EXACTLY what he is doing in the consumer sector. + +For your tinfoil bias needs these 4 videos are the only ones uploaded, 3 on June 27 2019, 1 on August 13 2019. Not a single video since. Description of the videos provide additional tit jacking. No way this has been in the works since 2019 has it? RC's letter to gamestop board was NOV 2020. A full year later. + +Either search for Ryan Cohen on youtube for his verified channel or link below. + +https://youtube.com/channel/UCCO3cB9Slo6P2ZFpEofztaA + +Obligatory - Buy hold DRS +Iā€™m about to leave my career in the US Army. I will have enough (relatively) liquid capital to purchase a property for cash, but I would prefer to use a mortgage instead. How can I convince a bank to lend to me if I have money on hand, but no W2 income? + +I plan on attending college using the GI Bill. This will provide me with roughly $1500 a month while Iā€™m actively attending classes, however I donā€™t believe a bank will count that as income. I also anticipate roughly 20,000 in dividends from my investments, but I would prefer reinvest this in the stock market. + +Thanks for your insight! + +Edit: Thank you all for the input. Iā€™m loving the creative ways to get involved in real estate. Itā€™s definitely a lot more interesting and hands on than just dumping money into a 401k. +Howdy, + +&#x200B; + +Sort of a rant. I 'm in the Las Vegas area. There are 3 major flipping companies buying homes cash at a discounted rate when sellers need to get out quickly. They usually snag those, flip them up and resell them a couple of months later with a nice margin - classic flipping strategy, no problem there. + +&#x200B; + +My rant is about the unpermitted work that happens. Those guys are sometimes opening up walls, removing drywall with asbestos in it, moving / adding power to part of the house. It's so obvious they are doing it without permits as there is no way they would turn a profit (asbestos removal for homes in that area is 15k, pulling permits is another 2.5k, and if you have to do a proper survey of the house for structural, water and electrical you can add another 10k). + +&#x200B; + +So here I am trying to make deals work by doing things the right way with an overhead of 15-20k to get everything permitted, and those guys come in much lower and just get it done like it's the Wild west and there are no rules. I've visited at least 30 of those flipped homes available on the MLS, and not a single one shows permits pulled on the county website. + +&#x200B; + +Is this pretty common in your area? What can I do to fight this? +Can anyone invest in over-the-counter stocks? I have seen various value investors in Twitter and elsewhere talk about the research they have done in regard to some micro-cap stocks, many of which I believe are over the counter. + +When I try to research these stocks I often can't seem to be able to look into them or buy them through my brokerage (I have Fidelity). Many of these stocks have funky names such as ([axl.mo](https://axl.mo), I made this name up). Do you need a brokerage such as Interactive Brokers? + +What are some key things to look into for micro-caps/over-the-counter stocks from a value investing perspective? + +I have been investing for a few years but am a complete newbie when it comes to micro-caps and over-the-counter stocks. +Let's discuss MELI. + +I do not own any and have never owed it. Every time it is either a top-10 gainer or top-10 loser for a particular day (which seems to happen a fair amount lately), I glance back over it. I had no interest in it at $1000-plus USD. The 52 week range is $600.68 - $1,970.13 and the P/E is up there in the 200ish range. The "at-a-glance" financials look reasonable-ish in context. It would be testing the reasonable definition of "value play"...or would it? I finally downloaded and am reading the most recent (2) 10k's (Dec '20 & '21). Cathie Wood just bought it and IIRC Jim Cramer (I keep expecting him to start referring to himself as "Diego El Tendero") likes it so whatever else it has those two curses to overcome. + +One of my concerns is that it is not something I regularly encounter, even while in its regions of operation. My gut "first reaction" is that it isn't a stock for me for several reasons (and I will confess that ol' Diego & Wood both liking it is slightly worrisome even though I don't believe in voodoo), but yet, SOMETHING keeps me intrigued by it. Anyone care to share thoughts, information, or general snarky remarks? + +Two notes: I am not suggesting anyone enter into any position of any kind on MELI. In fact, my immediate suggestion would be don't do anything but discuss, read, analyze, etc. at this point. I'm flairing it as "Discussion" at this point because I have no idea where this will go and I'm not offering any substantive analysis in the OP. +This is an established company selling at a 6.26 PE, 15.5 P FCF. Their revenue has been consistent over the last years. It has not been a stellar performance and the car market is extremely competitive and capital intensive business, but they improved the margins recently. I feel that some car companies have been ignored over the EV hype and Honda is one of them. + +Above all, their current price is 28.47$/share and their tangible book value per share is 44.42$. You are basically paying 64 cents for 1$. I feel that this is a Ben Graham bargain. + +Am I missing something? +I wanted to start applying fundamental analysis and ratios on stock picks I am eyeing for investments. + +Some of my picks are banks so wanted to check if anyone can share some tips or guides on how to value a bank stock. + +Thanks +Honest company is one of the companies that had terrible share price performance. Since its IPO back in May 2021, the share price is down almost 75%. + +Jeremy from Financial Education covered it in a couple of his videos and I decided to take a dive deep at it myself. There's one topic that I'd like to mention before I start with the analysis and valuation. + +As humans, we should be able to respectfully disagree and that is okay. There are plenty of negative and hateful comments and that doesn't add value to anyone. When valuing companies, everybody makes assumptions about the future regardless of the approach that is used. Nobody knows what the future brings and we're all going to be wrong with our assumptions. The goal is to be less wrong than the market. + +As always, the video is available for those who prefer to watch: [https://youtu.be/60gp9HK3E94](https://youtu.be/60gp9HK3E94) + +**What is Honest company?** + +Honest is a company that formulates, designs, and sells clean products with a focus on sustainability and thoughtful design. + +They're reporting three different segments and each one has a different purpose: + +1. Diaper and wipes - Although the products are self-explanatory, this is the segment that is used as a customer acquisition tool. It might sound strange, but here's my rationale. When most people go out to buy shoes or clothes, most of us have some sort of a relationship built with certain brands (as well as opinions about brands that are not as good). For a new start-up shoe company to grab our attention, is a difficult task. However, new parents do not have built a relationship with diaper-related brands, so Honest has an almost equal chance to grab the attention of all other brands in this segment. This segment accounts for 63% of all revenue (historical growth was 16% in 2020 and 7% in 2021). +2. Skin and personal care - This is the second segment and the success of the company depends on it. It depends on the new products that are introduced, the acceptance by the customers, and the shelf space that they get in the stores. This segment accounted for 32% of all revenue (historical growth was 36% in 2020 and 28% in 2021). +3. Household & Wellness - The last segment is not their core business, it is related mainly to the sale of sanitizing wipes, hand sanitizers, and disinfecting spray. As expected, the sales increased significantly during 2020 and declined in 2021. Currently, this segment represents only 5% of the total revenue and is expected to further decline. + +**The margins** + +Their gross margin is around 35%, which is acceptable for a company in this industry. + +Roughly 50% of the sales come through their digital channel, which is not surprising due to the nature of these products. Buying diapers is a relatively simple activity and it doesn't require any examination prior to purchase. + +However, the 35% margin is not sufficient to cover their SG&A, Marketing, and R&D expenditures, yet. Its operating margin is -12%, which is not surprising for a young and growing company. + +&#x200B; + +**Financial position** + +The company has a relatively simple balance sheet and one that's small in size. There are two main points to be noted: + +1. The cash position as of December 31st is roughly $100m, which is sufficient to sustain losses for the next 3-4 years. +2. The company has no debt apart from capital leases of around $40m. + +&#x200B; + +**What's next?** + +The analysts are forecasting 0% revenue growth in 2022, mainly due to the expected decreased sales of sanitizing products, which is offset by an increase in revenue in their two main segments. That doesn't mean the company is no longer growing. As for 2023, the expected growth is around 10%. + +&#x200B; + +**Valuation - key assumptions** + +As the valuation is based on certain assumptions, here are mine: + +**Revenue growth -** 0% next year, followed by 8% up until year 5, then decrease to the risk-free rate of 2.41%. + +**Operating margin** \- negative 8% for next year, improving slowly over time, up to 18% in 8 years from now (close to industry average) + +**Discount rate** \- 11% (Based on WACC) + +**Outcome** \- The company's fair value is $519m ($5.67/share) - slightly undervalued based on my assumptions. + +&#x200B; + +**What if my assumptions are wrong?** + +Based on my assumption, the company's revenue will grow by 70% in 10 years. However, I could be wrong. + +So here are a couple of different scenarios related to the revenue and operating margin 10 years from now. + +&#x200B; + +|Revenue / Op. margin|16%|18%|20%| +|:-|:-|:-|:-| +|50% ($478m)|$4.5|$5.2|$5.8| +|70% ($543m)|$5.0|$5.7|$6.4| +|200% ($956m)|$7.7|$8.9|$10.1| +|300% ($1.3b)|$9.8|$11.3|$12.8| + +Jeremy's assumptions are somewhere between the last two rows, however, he is very optimistic also about the margin (expects a net margin of almost 17%, that's close to a 22% operating margin). In that case, the fair value is close to $12/share today. + +Does that mean that he's wrong? Of course not, his assumptions about the future of Honest are different than mine and that's okay. We can disagree respectfully. + +I hope you enjoyed the post, feel free to add your take on the company and provide feedback. +I've seen Warren Buffett say that a value investor should have enough knowledge of accounting to be able to read balance sheets and such things. + +How much knowledge of accounting is that? In particular, if I don't have any training in accounting, where is a good place to study enough accounting to get into value investing (preferably at a low cost)? +Here's an interesting article about the top stocks to buy for 2023: +https://www.everestformula.com/top-5-stocks-to-buy-for-2023/ + +What do you think about it? Do you have other suggestions as value investors? +I'm intrigued by PayPal, which has lost 75% and is still growing, and obviously Alphabet, one of the stocks with the biggest MOAT. +This week's casual valuation is Duolingo, a company that's very close to my heart offering a great language learning experience that is universally available. I am a huge proponent of free knowledge and I try to contribute to that as much as I can. All of these posts that I share weekly are free (and will continue to be that way). I strongly believe knowledge should be easily accessible to everyone. + + + +The post will be divided into a few segments: + +1. Understanding the business +2. Understanding the historical financial performance +3. Laying down some assumptions to value the company +4. Valuing the company based on assumptions significantly different than mine + +**What is Duolingo?** + +It's a technology company that wants to develop the best education in the world. At the moment, a more accurate description would be that it is a gamified language-learning platform offering over 40 different languages. What will come next, is to be seen. We could see mathematics, physics, and a lot more diversified content in the future. + +As for the language-learning part, they are not alone in this field. There are plenty of ways to learn a new language, starting from YouTube, attending formal classes with tutors, to reading books and other similar apps. So, how is Duolingo different? + +It's more personalized and provides a different and more fun user experience that guides the user through this journey. The user is not only engaged but also gets instant feedback. As a user, whether you've got it right or wrong, you are aware of it and can take action. + +As a company, it has a significant amount of data that it can use to test and figure out what works and why. Similarly, the data can be used to understand what mistakes are most often made and help the users overcome these mistakes. + +So, how does it make money? There are 4 different revenue sources: + +\- Subscription (74%) - Those users that would like an ad-free experience can subscribe to their platform and get other features as well. This is by far their largest revenue source + +\- Advertising (15%) - Users that cannot afford or aren't willing to pay for the content watch advertisements. They do not pay money, but they do pay with their time. Duolingo is monetizing these users as well which is great. Dropbox has a ton of free users as well, however, they don't earn anything from them as there are no ads. In addition, they need to pay for the storage, so the free users that Dropbox has, are destroying value over time. + +\- DET (9%) - It stands for Duolingo English Tests - an English proficiency assessment and it is their fastest growing segment at this moment. This is being more and more accepted by universities, but also can be used as part of a resume/CV for those who would like to show their proficiency. In addition, it costs roughly 1/4 of what their competitors charge. + +\- In-app purchases (2%) - related to additional features such as streak freeze/repairs, etc. + +&#x200B; + +In each of these segments, Duolingo has growth plans. In the end, it all comes down to: + +\- Getting more users + +\- Converting more users from free to paid + +\- Increasing the lifetime value of the subscribers (by keeping them subscribed for a longer period of time) + +\- Expand adoption of DET + +\- Extend the platform beyond language learning + +&#x200B; + +**Historical financial performance** + +So, how well did they do until now? + +The # of monthly active users grew from **27.3m** back in 2019 to **49.5m** as of June 30th, 2022. + +The # of daily active users grew from **5.2m** to **13.2m** for the same period. + +The # of paid users grew from **0.9m** to **3.3m**. + +Their penetration rate (Paid users / monthly active users) increased from **3.3%** to **6.7%**! + +&#x200B; + +This growth reflects in their financials, as the revenue grew from $71m in 2019 to $306m for the last twelve months ("LTM") ending June 30th, 2022. The LTM revenue is still roughly 10% of their market cap. + +Their gross margin grew from 71% to 73% during this period, but isn't sufficient yet to cover all the other operating expenses: + +\- Research & Development (was **45%** of revenue back in 2019 --> **40%** LTM) + +\- Sales & Marketing (was **21%** of revenue back in 2019 --> **20%** LTM) + +\- General & Administrative (was **23%** back in 2019 --> **37%** LTM) + +It is clear that the company isn't profitable, but the general & administrative seems too high. That's mainly due to IPO-related expenses. It will decrease as % of revenue in the coming period. + +As they are working on diversifying content away from languages, they are pouring a lot of money into R&D. All of the expenses are expected to decrease significantly over time. + +&#x200B; + +**The balance sheet** + +As it is a technology company, there isn't really much on the balance sheet. Almost 85% of their entire balance sheet ($591m / $701m) represents the cash that they own. + +On the other side of the balance sheet, there isn't much to discuss, except the unearned revenue of $128m. This represents the cash that Duolingo has received from users that have paid in advance for using the platform in the future. For example, if someone purchases an annual plan today, Duolingo will get the cash today, but the service will be provided over the next 12 months. Hence, the company does not recognize the revenue today, but over time. + +&#x200B; + +**Assumptions about the future & valuation** + + My assumptions: + +**- Revenue growth** of 25% for the next 5 years, then declining to 10% by year 10 and then to 4% afterward (same as the risk-free rate). + +**- Operating margin** of -20% for the next year, improving to -5% in year 5 and ultimately to 25%. + +**- A discount rate of 12.92%** (WACC-based), decreasing to 11.31% over time (assuming the company becomes more mature and hence, less risky) + +&#x200B; + +There are two classes of share, each one with a different number of voting rights. Since this has an impact on the control of the company coming from owning these shares, I've applied a 15% discount for lack of control. + +Based on these assumptions, the fair value is $1,5b **($37.45/share)** + +The current market cap is $3,1b ($78.31/share) + +&#x200B; + +However, out of the $1,5b, only $72m is due to the present value of the cash flows in the next 10 years! The majority is based on the value that the company generates afterward as a stable, mature, profitable company with more users and diversified content. + +Hence, the fact that it is trading below what I consider intrinsic value is justified to some extent. Duolingo has a long way to profitability and it has to prove that it can succeed in other areas, not-related to language learning. + +&#x200B; + + **What if my assumptions are significantly wrong?** + +&#x200B; + +Based on the assumptions above, the revenue will grow by 539% to $2b in 10 years and the operating margin will be 25%. + +I am aware that my assumptions could be significantly wrong. So, let's take a look at how the value of the company (per share) will change based on different assumptions regarding the revenue 10 years from now and the operating margin: + +&#x200B; + +|Revenue / Op. margin|20%|25%|30%| +|:-|:-|:-|:-| +|350% ($1,4b)|$20.5|$26.0|$31.1| +|539% ($2,0b)|$29.7|$37.5|$44.7| +|650% ($2,3b)|$35.1|$44.1|$52.6| +|1000% ($3,4b)|$51.9|$65.2|$77.0| + +&#x200B; + +The table illustrates how much the company needs to grow and how high should the operating margin be so that it is fairly valued today. + +Personally, I love everything about the company, except the price. It has a great mission, the management team is doing a good job, it is the best platform out there that I know of, and the users are engaged. + +I am definitely excited about its future and I would love to have it in my portfolio one day. + +&#x200B; + +What are your thoughts about Duolingo and its valuation? +Back in the 1960ā€™s, a swindler decided he wanted free money. American Express was offering loans. The swindler, Tino De Angelis, found that he could put a small bit of salad oil on top of a bucket of water and say ā€œhey, I got a bucket full of Salad Oil, give me your money; and, you can use my Salad Oil bucket as collateral.ā€ Companies, such as American Express, gave Tino loans with the ā€œsalad oilā€ as collateral. When Tino failed to pay for these loans, companies such as American Express seized the ā€œsalad oil,ā€ only to discover that said salad oil was only ten percent salad oil with the rest being water. + + +American Express collapsed in share price and lost millions in the process. One Omaha hedge fund manager, Warren Buffett, enacted scuttlebutt and found that people were still buying things with an American Express card; so said investor put the bulk of his funds into American Express. Within a couple of years, American Express recovered; and Buffettā€™s limited partnership grew significantly, being one of the first of many successful stories for the young man. + + +Looking at the American Express story, I feel that it is similar to the current plight of Foot Locker (FL), todayā€™s stock that I am reviewing. Both companies had a negative experience which drove both companies down significantly. Both are well-known brand names that carry an essential product (Credit Cards for American Express and shoes for Foot Locker); and, both financials are good. + + +One sees that Foot Locker is down 53.56 percent from itsā€™ fifty-two week high. The short float is at 6.55 percent, significantly higher than Nike (NKE) and itsā€™ .73 percent short float. In other words, Foot Locker has a significant amount of investors betting that the stock price will go down. A factor in the price decrease is because Nike is starting to sell their shoes directly to consumers rather than selling it to a holding store such as Foot Locker. No one vendor will, starting next year, represent more than fifty-five percent of Foot Lockerā€™s floor, compared to sixty-five percent this quarter. Sales would decline up to six percent. + + +Is the fifty percent drop justified? Is the price a bargain? What is the intrinsic value of FL? Let us dive deeper. + + +Foot Locker has a return-on-equity of 29.5 percent. This is comparable to January 2018 when the companyā€™s return-on-equity was 10.86 percent. A measure that Warren Buffett favors, return-on-equity measures rate of return on the ownership interest of common stock owners. With a high ROE, Warren would probably put a check of ā€œyesā€ to buying this. + + +The market is recovering. In terms of sales, Foot Locker made $8.96 billion in revenue for 2021 compared to $7.55 billion in 2020. This can be attributed to an increase in internet sales and In 2021, Foot Locker made $893 million (or $8.61 per share) compared to $323 million in 2020 (or $3.08 per share) and $498 million in 2019 (or $4.50 per share). Despite the COVID-19 pandemic impacting most businesses, Foot Locker was still able to post significant profit for their company; and the companyā€™s earnings yield is 22.45 percent, higher than the median (over the past ten years) of 11.79 percent. In other words, the companyā€™s earnings yield today is twice as much as average! + + +The companyā€™s cash net of debt is currently $347 million, down from $1.6 billion last year. Some investors immediately sell their stock because of this; but I do not because during the previous year in 2021, Foot Locker repurchased seven-and-a-half million shares for a total of $348 million. In accordance with the laws of supply-and-demand, it is kind of an anomaly to see a company sharply decrease in price despite gaining money and lessening shares. The board of directors are also authorizing a new share repurchase program of $1.2 billion of Foot Locker outstanding common stock. $101 million in dividends was given out to investors last year as well. Finally, FL spent $325 million to acquire atmos, a popular shoe company in Japan, whilst paying down debt of $98 million. When it comes to capital allocation, FL is doing an excellent job by staying within their circle of competence. Because the company now owns a shoe business, FL can lessen commission rates, increasing profit in the long-run. + + +Based on Foot Locker using their free-cash-flow wisely (through buying back stock, issuing dividends, and acquiring companies), the company should trade at a median of 13.59 times their \[FL\] free-cash-flow, which is nearly triple the companyā€™s current price-to-free-cash-flow of 4.58. Factoring the current price (as of early morning March 3, 2022), of $30.98, the intrinsic value of Foot Locker is $91.93. The margin-of-safety is high for the company. With a strong balance sheet, as long as the company continues to make money, now is the perfect time to pick up shares in the company. +Im very worried i invest in baba because its a cheap business, i dont understand the politics deeply and i dont try to predict the market ,I buy cheap business.This kind of behavior makes china uninvestable! If the CCP can force corporations to "donate" their profits instead of allowing shareholders to benefit, what is the point of being a shareholder? +**Disclaimer: I'm not a financial advisor of some sort, do your own DD I'm just a rando from Reddit.** + +**Foot Locker's - What is it?** + +Basically, to cut it short, is a shoe retail business that runs on physical stores/location and has an e-commerce presence. It's business model is similar to Nike with Footlocker honing down on products such as, obviously, footwear, athletic footwear, apparel, and accessories. + +**NYSE:FL - Undervalued How?** + +Firstly, the business is trading below 1x P/S - Before you go off typing in the comments, hear me out. + +1x P/S ratios are **ONLY** justified for a company's valuation **IF** the company is at below operating margins of 5% which basically lets the company be valued primarily on it's FCF rather than the revenue, which is normal **OR** if the company isn't seeing any sort of growth + +For NYSE:FL however, operating margins have been averaging out around 9%\~ for the last 5 years. + +"*So what*?" you say, "*it still justifies the 1x P/S ratio since net earnings might be lower due to non-operating expenses*." + +Nope, operating margin is only higher compared to net margin by around 2% implying a 7% net margin, based on 9% avg op minus 2% (7% is ALSO the average of those same 5 years!) + +Some might say that if it's trading below 1x P/S and with the nice things I've said above, it might be a value trap due to mounting expenses, ballooning debt, dropping gross margins. + +In fact, all those 3 (mounting expense, etc.) aren't true for NYSE:FL. + +Gross margins have been approximately the same for it's entire lifetime of 32%\~ with no sign of it trending downward. + +Some may point to it showing it "dropping" on 31.84% in FY 2019 to 31.77% in FY 2020 to 28.92% in FY 2021 but that "trend" is simply disproved with: + +1. it's normal deviations since FY 2019 to FY 2020 margins barely changed with a major/massive amount +2. Due to COVID lockdowns a drop in gross margins is understandable + +and + +3) This "dropping trend" is disproved with a TTM of 34.42% in gross margins. + +Second, operating expenses % have been dropping down ever since FY 2018 where it dropped from 24% to 22% TTM with it being at 23% in FY 2020. + +Finally, debt. The company is currently trading at a whopping MC/EV of 97%\~ indicating that debt is less than \~2.5% of market cap. + +Now the question is, this may all be accounting trickery by using earnings what about **FREE CASH FLOW?** + +&#x200B; + +**NYSE:FL - Free Cash Flow & CFO** + +Firstly, let me point out that CFO margins have been averaging on 10%-11% for the last 5 years which is a great sign of consistency + +(It drops down from 10%, to 9%, then rises to 11% but I think those are just normal deviations, not anything major as those drop downs aren't in some sort of pattern/trend) + +Second, just like CFO, Free Cash Flow has been very consistent with it ranging from the lowest 6% (in FY 2020, only the first instance of it being in 6% FCF margins for the last 5 years) to the highest 12% in FY 2021. + +FCF margins basically average around 7%-8% which is a great sign! + +Remember, these margins are all based on revenue and the company is trading based **<1x P/S!** + +Not only that, but using FCF to measure ROE, ROE % has been climbing so fast for the last 5 years with it at 21% in FY 2015 slowly climbing to 24% in FY 2019 dropping to 21% in FY 2020 (which is understandable) then rising to 33% in FY 2021 and 26% in TTM. + +This is coupled with book value of the company rising around 2%\~ YoY. + +**Summary + Additional things for the long thesis:** + +Yield =/= Margin, by Yield I'm talking about metric divided by price. + +* Aggressive share buybacks with 155.1M Shares in 2006 to 139.1M in 2016 down to 104.3M in FY 2021 +* Revenues grow at 5.35% YoY average 10 years yet trading below 1x P/S +* FCF Yield is at 14% average 5 years +* CFO yield is at 19% average 5 years +* Debt is non-existent with it only consisting of 15% of the FREE CASH FLOW produced per year which is insane. +* MKTCAP/EV = 0.98 +* Leverage is at 7% +* Dropping SG&A % expense +* Stabilizing gross margins \~33%-35% +* Altman Z-score is at 2.6 indicating security and safety of the business model +* P/PPE = 80%\~ nearly 1 with it implying a yield of approx. 15%-19% +* Board of Directors look extremely good with 3 directors coming from great backgrounds. 1 director were executives from a President of North America Operating Unit of Coca Cola, 1 director was an executive from McDonalds and 1 director was a senior vice president at PepsiCo. + +**Now for a Mini-DCF** + +I don't really use DCFs for my models/spreadsheets as I only use it as an indicator if it's a screaming buy by giving the stock much more grim numbers. + +I used a WACC of 4.26% with IERP (cost of equity) at 4.24% and cost of debt\*tax rate at 0.12%. + +Averaging out the FCF for last 3 years (Giving it much more grimmer numbers as using averages for a growing set is considered "grim"), I get $680M in FCF with it growing at -2% into perpetuity. + +Estimated fair value (Terminal Value minus debt) is at $9.1bln, which is for me, a screaming buy using the mini-dcf alone especially with the extreme grim numbers of it decreasing -2% into perpetuity + +\----- + +&#x200B; + +Considering other financial metrics and comparing them to the current market cap + aggressive buyback of shares, I really think this is a great buy! + +&#x200B; + +Thoughts? +If you're a pure Benjamin Graham disciple and only use his methods, then you have more chance of finding the zodiac than finding value in this current market + +Getting absolutely ridiculous +Back in the 1960ā€™s, a swindler decided he wanted free money. American Express was offering loans. The swindler, Tino De Angelis, found that he could put a small bit of salad oil on top of a bucket of water and say ā€œhey, I got a bucket full of Salad Oil, give me your money; and, you can use my Salad Oil bucket as collateral.ā€ Companies, such as American Express, gave Tino loans with the ā€œsalad oilā€ as collateral. When Tino failed to pay for these loans, companies such as American Express seized the ā€œsalad oil,ā€ only to discover that said salad oil was only ten percent salad oil with the rest being water. + + +American Express collapsed in share price and lost millions in the process. One Omaha hedge fund manager, Warren Buffett, enacted scuttlebutt and found that people were still buying things with an American Express card; so said investor put the bulk of his funds into American Express. Within a couple of years, American Express recovered; and Buffettā€™s limited partnership grew significantly, being one of the first of many successful stories for the young man. + + +Looking at the American Express story, I feel that it is similar to the current plight of Foot Locker (FL), todayā€™s stock that I am reviewing. Both companies had a negative experience which drove both companies down significantly. Both are well-known brand names that carry an essential product (Credit Cards for American Express and shoes for Foot Locker); and, both financials are good. + + +One sees that Foot Locker is down 53.56 percent from itsā€™ fifty-two week high. The short float is at 6.55 percent, significantly higher than Nike (NKE) and itsā€™ .73 percent short float. In other words, Foot Locker has a significant amount of investors betting that the stock price will go down. A factor in the price decrease is because Nike is starting to sell their shoes directly to consumers rather than selling it to a holding store such as Foot Locker. No one vendor will, starting next year, represent more than fifty-five percent of Foot Lockerā€™s floor, compared to sixty-five percent this quarter. Sales would decline up to six percent. + + +Is the fifty percent drop justified? Is the price a bargain? What is the intrinsic value of FL? Let us dive deeper. + + +Foot Locker has a return-on-equity of 29.5 percent. This is comparable to January 2018 when the companyā€™s return-on-equity was 10.86 percent. A measure that Warren Buffett favors, return-on-equity measures rate of return on the ownership interest of common stock owners. With a high ROE, Warren would probably put a check of ā€œyesā€ to buying this. + + +The market is recovering. In terms of sales, Foot Locker made $8.96 billion in revenue for 2021 compared to $7.55 billion in 2020. This can be attributed to an increase in internet sales and In 2021, Foot Locker made $893 million (or $8.61 per share) compared to $323 million in 2020 (or $3.08 per share) and $498 million in 2019 (or $4.50 per share). Despite the COVID-19 pandemic impacting most businesses, Foot Locker was still able to post significant profit for their company; and the companyā€™s earnings yield is 22.45 percent, higher than the median (over the past ten years) of 11.79 percent. In other words, the companyā€™s earnings yield today is twice as much as average! + + +The companyā€™s cash net of debt is currently $347 million, down from $1.6 billion last year. Some investors immediately sell their stock because of this; but I do not because during the previous year in 2021, Foot Locker repurchased seven-and-a-half million shares for a total of $348 million. In accordance with the laws of supply-and-demand, it is kind of an anomaly to see a company sharply decrease in price despite gaining money and lessening shares. The board of directors are also authorizing a new share repurchase program of $1.2 billion of Foot Locker outstanding common stock. $101 million in dividends was given out to investors last year as well. Finally, FL spent $325 million to acquire atmos, a popular shoe company in Japan, whilst paying down debt of $98 million. When it comes to capital allocation, FL is doing an excellent job by staying within their circle of competence. Because the company now owns a shoe business, FL can lessen commission rates, increasing profit in the long-run. + + +Based on Foot Locker using their free-cash-flow wisely (through buying back stock, issuing dividends, and acquiring companies), the company should trade at a median of 13.59 times their \[FL\] free-cash-flow, which is nearly triple the companyā€™s current price-to-free-cash-flow of 4.58. Factoring the current price (as of early morning March 3, 2022), of $30.98, the intrinsic value of Foot Locker is $91.93. The margin-of-safety is high for the company. With a strong balance sheet, as long as the company continues to make money, now is the perfect time to pick up shares in the company. +Why they hate Bitcoin/crypto so much. Is because their false beliefs about the chip shortage mistakenly blamed on POW, is it because they feel bad for "missing the train". + +Or maybe they are influenced by the MSM lies and false narratives about "Bitcoin is bad for the environment" or "just a speculative bubble/pyramid/Ponzi scheme" without doing any research or due diligence by themselves. + +Maybe it's a social engineered manipulation by big actors on that sub. + +They are missing the big picture: + +Why would I ever give up my Bitcoin for printed-to-infinity government coupons (IOU's)? + + > Neo: what are you trying to tell me, that I can trade my bitcoins for millions someday? +> > +> > [Morpheus: No, Neo. I'm trying to tell you that, when you are ready, you won't have to](https://gyazo.com/10ead3a5c1fd8ed1e9d150ed6cced62d) +> +> +> ***"When measured in fiat, Bitcoin price will rise infinitely"***. +> +> ***"Bitcoin has no top, because fiat has no bottom"***. +> +> +> I will NEVER sell my Bitcoin for printed-to-infinity government IOU's, the [same as somebody who bought a block in Manhattan on the 1800's](https://www.youtube.com/watch?v=s-kKDR30Fb8) will never sell it no matter how high the price goes when measured in ever-worth-less USD. +> +> You earn in value appreciation/equity against USD as well as in the expensive rents your tenants are paying. If you need even more fiat you borrow against it, and pass the prime real estate to your children and grand children... for many generations, and they don't ever sell it for fiat either. +**Update:** This post is gaining some traction, so her's an update. Had a second zoom call with him, the info is at the bottom. + +We connected on Linkedin and started talking. After some chatting he told me he has a side business. After I asked about his business he offered a zoom meeting to talk about it so that he can "open some doors for me". + +We scheduled a zoom meeting. He said he started his side business a few years ago with his "mentor" and claimed he even paid some of his University from the income he earned with his side business. I asked him what is this business going to be and how is this partnership going to work etc and how much am I looking to make. + +The only thing I got from him was that I'm looking to make: + +1k the first year, + +10k next year and + +100k the third year **if we're being very optimistic.** + +If we're being pessimistic I'm looking to make + +0 the first year + +1k the second year + +maybe 3k the third year (because most businesses fail in the first year anyway) + +&#x200B; + +After I asked him about how this is going to work again, he told me to read the book "Business of the 21st century" by Robert Kiyosaki and that I will understand 95% of it by reading that book. I'm reading it right now. + +So now the question is: Is this a scam? Does anyone know what his deal is? Is this something good? + +TL;DR: Asked someone about his side business and he started offering me a partnership with some unknown company he is working for, told me to read a book so I would understand. Anyone know what this is? + +\-- + +Update: Alright so I wanted to cancel my second zoom meeting with him but I thought I might as well mess with this guy see what information I can get from him. The meeting took about 1 hour. + +So first off it seems like these mlm people don't want to give the information too fast. They give you droplets of information to keep you going. He had a lot of emphasis on "commitment" too. + +Here's a summary: + +Yes, the company was Amway. + +He didn't want to tell me in this meeting at first but I got him to tell me the amount I have to pay to join: It's 218 dollars. He said "It's not a joining fee, you aren't paying us! This is the amount you for the *platform* we are going to give you" Yeah right, it's the same thing. + +I asked him "Isn't Amway an mlm company?" He said "No. It's not mlm now it's a *manufacturing* company" + +He was talking about how these products are very very exclusive and people can't find it anywhere else. I asked him "If I'm going to have to sell these products aren't there like 1000 other people \[people like him in mlms\] selling the same stuff?" He said "No it's *very few people* selling these products" (These products aren't exclusive to us, you can literally go on the website and you can buy them from the site with no restriction so nothing exclusive about us selling it and I'm pretty sure there are many people trying to sell these stuff) + +Some quotes: + +\>We're *not* going to work for this company \[Amway\]. We're just leveraging their platfrom + +\>You will be an **independant** business owner. (lol) + +I will post the screenshots of the slides he showed me during the call soon. + +[Screenshots](https://imgur.com/a/7NI9vVW) +I know a lot of people here are younger and in the early mid stages of FIRE and a lot are already FIRE an enjoying their lives and chilling and it's exciting to see and encouraging. + +I, on the other hand, am watching my parents practically commit to an early demise or bedridden lifestyle sooner rather than later and it horrifies me. One works a minimum wage back breaking job just for health insurance and is around 60 years old. The other is older and owns commerical property that usually takes care of itself and residential units that are trash with trash tenants and refuses to sell for a loss (and given the location they aren't too hot on the market anyway) they also manage ALL the repairs themselves and the turnover is absolutely horrendous. Hell the RMD is so much they're paying higher taxes now. They have money to care for themselves but won't. I'm absolutely mortified. + +I know this is more relationship advice but someone on here has to have either been in the situation or something. Cuz I am desperate af. I was home for a few days and guys, they could barely walk without some pain. It's absolutely heartbreaking. They won't spend anything on themselves like they need to. Fortunately they eat well and are in otherwise semi decent health (save for high blood sugar levels which I'm 99% sure isn't even diet related any more it's stress and lack of sleep and so on) + +They have money. They just ...won't use it. + +Idk what I have to do to get through to them that it will actually kill them. And it's not just death it's just physical ailments. I mean what the fuck. They don't take care of themselves. Or do I have to lay it out in clear terms "your stubbornness will kill you. I don't want your inheritance, I want you to take care of yourself" except I know the answer to that would be backlash. + +They're only the FI part of the FIRE and I need them to get to the rest of it +There needs to be some hard action to face all those really bad "investment" tips, that get upvoted for no understandable reason. + +Rule 3: No Pump & Dumps: +\- So many $UWMC and $WISH posts, that just want the share value to reach some arbitrary price, with no meaning or reasoning whatsoever. + +Rule 8: Memes only on weekends. // When has that stopped? +\- Seeing this sub flooded by shit AMC Memes + +Can this sub please come back to in depth DD for stocks? +That will be a hard job for the mods, but I hope they will find a solution. +Maybe they can borrow the "Satori" Technology from r/Superstonk . + +And I don't think "Meme Stocks" are the reason for this shift in paradigm. In my opinion Hedge Funds realised, that instead of telling us through CNBC what to buy, so they can fuck us over, they added reddit to their repertoire. + +Be nice, downvote stupid content, upvote good research, even if you think different. Criticism and a good discussion will be in the comments, if we work together on this problem. +I am late in life. I am turning 40 in spring and have nothing put away for retirement. Most jobs I've held did not offer any plans and my life circumstances were such that I was not able (some dumb decisions) to save and invest for my future. + +My husband works for the railroad and has 401K and is investing in the market. We have two daughters (16, 11). I would like to open an account for them and start putting some money away so they're in a better position than I am. What account do you recommend I open? 529 or custodial account through Vanguard? I can put away 250 a month in each account. + +* EDITED: I just opened a ROTH IRA account with Vanguard. I am waiting to have by bank confirm so I can complete my first deposit. Then, I'll choose what funds to invest in. I am thinking Vanguard index fund. This is probably the most important thing I have ever done for myself financially. I hope my girls get good grades and get scholarships to offset some of the cost of their education. +* you guys are absolutely right, you can borrow for education, cars, house, but you CANNOT borrow for retirement. What an eye opener! + +Thanks for your help. +So to spare you the link Motley fool is trying to get people onboard by promoting an up and coming cord cutting service. Of course they arent telling what it is so you get on their money wagon. + +What they do say: + +* California company. +* In the markets of cable cutting (ditching cable TV in favor of streaming service alternatives) +* NOT a Streaming company, but compares it to being "instead the gold digger, the one selling the picks and shovels" so probably some sort of middle management akin to something like Roku. +* Big moneybag investors are quietly buying it. + +So rather than jump in like an idiot, I've been looking around trying to find this supposed cash cow company, and all i seem to find is nothing. This instantly strikes me as suspicious. Why wouldn't a promising company have their name on google for me to find? So my next step was checking out /r/cordcutters. They know their way around this market, and whatever may be new and coming, yet I havent found anything there either. Frankly after a couple hours searching the closest thing I can find that fits the bill is Roku, which well isn't promising in the least. So I'm posting all of this to share my scepticism in this. That and the very unlikely chance there's actually something here in all this. + + +$PUMP Utility Token + +MoonPump is a community-driven project that is set to disrupt the IDO space. Alongside the recent bull run the IDO space has exploded. Sure, itā€™s been great to be a part of and get onboard projects that have seen 1000X gains. However, the MoonPump community was tired of all the associated fees that the IDO platforms and their launchpads charged in order to list or invest in a project. + +Invest in the IDO platform by holding their tokens to then have to invest again in a project just does not make sense. + +Therefore, with an ever-growing community they decided to change the game. Currently under development is an easily accessible, transparent, and zero-cost platform where, in turn, token holders are rewarded by being given early access to the projects set to be launched. + +Presale on 29th May | #BSC launch on #PancakeSwap - June 5th + +2850 Active Telegram Members. + +šŸ’ŽCMC & GC Listings appliedšŸ’Ž + +\#How to get in on the MoonPump PreSale: + +1. Submit basic interest form here: [https://moonpump.net/presale/](https://moonpump.net/presale/) +2. Following this a form will be sent out via email, Submit this form. +3. Successful applicants are invited to the presale by email +4. Enter the presale form to get your allocation of $PUMP + +Successful PreSale Supporters will Enjoy up to 15% discounts by taking part in the private presale + +Visit their Website to get whitelisted and secure the final spots in the presale. + +The Socials: + +Website - [https://www.moonpump.net](https://www.moonpump.net/) + +Telegram - [https://t.me/moonpumpTKN](https://t.me/moonpumpTKN) + +Discord - [https://discord.gg/xGBJdGDdUk](https://discord.gg/xGBJdGDdUk) + +Twitter - [https://twitter.com/MoonPumpToken](https://twitter.com/MoonPumpToken) + +šŸ“‘ BitcoinTalk article: [https://bitcointalk.org/index.php?topic=5339872.new#new](https://bitcointalk.org/index.php?topic=5339872.new#new) + +šŸ“¢Announcement Channel: [https://t.me/MoonPumpToken](https://t.me/MoonPumpToken) +https://www.sec.gov/rules/sro/occ/2022/34-94165.pdf + +# What is proposed? + +>this proposed rule change would: + +>* (1) implement a new model for incorporating variations in implied volatility +within STANS for products based on the S&P 500 Index (such index +hereinafter referred to as ā€œS&P 500ā€ and such proposed model being the +ā€œS&P 500 Implied Volatility Simulation Modelā€) to provide consistent +and smooth simulated volatility scenarios; + +>* (2) implement a **new model to calculate the theoretical values of futures on +indexes designed to measure volatilities implied by prices of options on a +particular underlying index** (such indexes being ā€œvolatility indexesā€; +futures contracts on such volatility indexes being ā€œvolatility index +futuresā€; and such proposed model being the ā€œVolatility Index Futures +Modelā€) to provide consistent and stable coverage across all maturities; +and + +>* (3) **replace OCCā€™s model to calculate the theoretical values of exchange traded futures contracts based on the expected realized variance of an +underlying interest** (such contracts being ā€œvariance futures,ā€ and such +model being the ā€œVariance Futures Modelā€) with one that provides +adequate margin coverage while providing offsets for hedged positions in +the listed options market. + + +# Why? + +>the volatility changes forecasted by OCCā€™s **current Implied Volatilities Scenarios Model are +sensitive to large, sudden spikes in volatility, which can at times result in overreactive +margin requirements that OCC believes are unreasonable and procyclical** (for the reasons +set forth above). Such sudden, unreasonable increases in margin requirements may stress +certain Clearing Membersā€™ ability to obtain liquidity to meet those requirements, +particularly in periods of extreme volatility, and could result in a Clearing Member being +delayed in meeting, or ultimately failing to meet, its daily settlement obligations to OCC. +A Clearing Memberā€™s failure to meet its daily settlement obligations could, in turn, cause +the suspension of such Clearing Member and the liquidation of its portfolio, which could +harm investors. + +So new model to "protect investors" by not having a scenario where certain clearing members fail to meet sudden increases in margin requirements. **Do we have any wrinkle brains that understand this stuff and can give a better analysis of the proposed changes**? Is this another proposal veiled as "it'S fOR InVeStOrS pRoTeCtIoN" when in fact it is to protect the clearning members and the OCC org itself? the OCC proposal even goes as far as to explain the current system vs the new proposal, but without being a quant or something, it's tough to tell whether they present only the facts they want you to read. all these legalese with "the OCC *believes* the new proposal is in compliance with existing laws", so who's to make sure it actually does? lying by omission and all that.. + +Paging /u/MauerAstronaut u/Zinko83 /u/Criand /u/sweatysuits /u/gherkinit as authors or contributors to [the variance swaps DD](https://old.reddit.com/r/Superstonk/comments/qoz68k/how_variance_swaps_can_explain_oi_in_far_otm_puts/)s + + + +&nbsp; + +The OCC does not want comments on this proposal + +>Clearing Agencyā€™s Statement on Comments on the Proposed Rule Change +Received from Members, Participants or Others + +>Written comments on the proposed rule change were not and are not intended to be +solicited with respect to the proposed rule change and none have been received. + +&nbsp; + +but the SEC does + +>Solicitation of Comments + +>Interested persons are invited to submit written data, views and arguments +concerning the foregoing, including whether the proposed rule change is consistent with +the Act. Comments may be submitted by any of the following methods: +Electronic Comments: + +>ā€¢ Use the Commissionā€™s Internet comment form +(http://www.sec.gov/rules/sro.shtml); or + +>ā€¢ Send an e-mail to rule-comments@sec.gov. Please include File Number SROCC-2022-001 on the subject line +I've worked for this shop that on the surface, everything is legitimate, we have many locations, and overall are very successful. I'm the manager at a growing and successful location, and have been working for this company for 3 years. But for some reason or another, the owner has me and all the other managers pay our employees in cash. I got into this position due to seniority as a regular employee and didn't have previous management experience, but just followed the guidelines my previous manager did. But this whole time, pay has been in cash with no paperwork for me or the employees, and I have no idea what to do. I need to be able to submit taxes, and I have a lot of ambitions for this business, but due to the fact that my work is undocumented, I am afraid of working here any longer since I do not know how to do my taxes or help my employees do theirs. I'd really like help since this has been a big stress for a long time for me and I don't want to owe the IRS money +What are your thoughts about wheeling the ARK ETFs (ARKK, ARKQ, ARKW, ARKG, ARKF)? Has anyone done this as their primary strategy? Which ones are your favorites and why? Thanks! +I haven't seen this in the news yet but Tesla has to make a large payment tomorrow to bond holders of SolarCity's convertible issue due tomorrow of $570,669,500 ($566M principal + 1.65% / 2 semiannual interest). The payment represents 72% of their $794M working capital reported on their 3Q19 form 10Q a few days ago even after the large debt issuance earlier this year. This probably has minimal coverage because it's listed in current portion of long term debt even though it's coming due tomorrow 11/1/2019. + +$920M due 3/1/2019 dropped stock 10%, $566M due 11/1/2019... + +[CUSIP 83416TAC4](http://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=C641235&symbol=TSLA4301101) + +[10Q 3Q19](https://ir.tesla.com/node/20246/html) + +[10K 2018](https://ir.tesla.com/node/19496/html) + +[Page 30 discusses Tesla's responsibilities](https://www.sec.gov/Archives/edgar/data/1408356/000119312514364676/d795789dex41.htm) + +[Discussion of possible default from FT](https://ftalphaville.ft.com/2019/06/28/1561727434000/Tesla--significant-other/)[Convertible bonds and balance sheets](https://budgeting.thenest.com/convertible-bonds-affect-balance-sheet-24539.html) + +Cash on hand: $5,338M. Current assets: = $10,940M. Current liabilities = $10,146M. Working Capital = $794M + +Some financing inflows: $7,119M from convertibles and other debt this year in first 3 quarters, additional $848M from stock offerings, $174M from warrants, $153 from accepting investments in subsidiaries. $8,294M listed here. Net CF from financing was $1,608M +Per [guides.loc.gov](https://guides.loc.gov): + +"The 116th Congress convened on January 3, 2019, and will run through January of 2021. It is currently the most diverse Congress in history, with 128 non-white Members and 131 women. **The average age of Members of the House at the beginning of the 116th Congress was 57.6 years; of Senators, 62.9 years.** " + +&#x200B; + +These people have no idea how technology or the markets work and are completely out of touch. + +&#x200B; + +EDIT: Thanks for the gold and other awards kind autists B) + +El Salvador's best investment was president Bukele buying the dip this year! + +I know the amount of controversy surrounding the situation in El Salvador and their adoption of Bitcoin! + +But itā€™s just been over 1 month since it took place and itā€™s already 43% up, I really hope the people didnā€™t spend the 30$ they got from the chivo app! Because btc is now up 43% which is huge percentage for any kind of investment! + +I really do hope they also get the education because now I donā€™t want them to keep on buying with all their savings and then later in the dip they lose them all.. so yeah education is key and I hope El Salvador educated itā€™s citizens properly! + +Countries slowly shall adopt crypto so better keep stacking before they buy it all ! :) + + +[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!* +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. +Here are the ICOs that you should all be looking out for this month in my opinion, feel free to add whichever you think is missing in the comments. + +Ambrosus: https://ambrosus.com/ ICO is ongoing. "Combining high-tech sensors, blockchain protocol and smart contracts, we are building a universally verifiable, community-driven ecosystem to assure the quality, safety & origins of products." (Some serious credentials on the people behind this one) + +Wanchain: https://wanchain.org/ Whitelist closed, ICO starts October 3. "Wanchain seeks to create a new distributed financial infrastructure, connecting different blockchain networks together to exchange value." ( A lot of people from Factom advising this project) + +AION; https://aion.network/ The ICO is on October 3. "A multi-tier blockchain system designed to address unsolved questions of scalability, privacy, and interoperability in blockchain networks." + +AirToken: https://www.airtoken.com/ ICO Starts October 5. "We want to enable the billions of offline and pre-paid mobile subscribers in emerging markets to have access to capital for both data, the fuel of the smartphone, and eventually digital and physical goods within the mobile ecosystem. Our vision is a world where anyone with a smartphone can enjoy unrestricted access to the internet." (Harvardlaunchlab Ventures) + +RNDR: https://rendertoken.com/index.html ICO Starts October 5, Registration is open "The first network to transform the power of GPU compute into a decentralized economy of connected 3D assets. We aim to make it possible for any 3D object or environment to be authored, shared, and monetized through the Ethereum blockchain protocol." (Serious credentials on the people behind this project aswell, cap is on the high side at 136m but still worth checking it out.) + +RedPulse: https://coin.red-pulse.com/ ICO starts October 8, Whitelist is already closed (I think?). "Chinaā€™s economy is already the 2nd largest in the world in terms of nominal GDP, and 1st in terms of purchasing power parity (PPP). However, as a market for investment and industry participation, it remains incredibly difficult to understand. This disconnect presents a huge opportunity to platforms and services that can bridge this informational gap. The problem is made all the more challenging to solve by several critical circumstances." + +Airswap: https://www.airswap.io/ ICO starts October 10, Registration/KYC Opens on the 4th I think. "AirSwap is based on the Swap protocol, a peer-to-peer protocol for trading Ethereum tokens. Many existing exchange designs suffer front-running and race conditions. AirSwap was built with fairness in mind and sidesteps these issues." + +Request.Network: https://request.network/ ICO Starts October 13, Registration closed (over 21k people on their slack) "A decentralized network built on top of Ethereum, which allows anyone, anywhere to request a payment." Found this blog very interesting, gives a detailed explanation of what they are aiming for: https://blog.request.network/omisego-vs-request-network-a-detailed-analysis-779d1f66675b + +Grid+: https://gridplus.io/ ICO starts October 30. "Grid+ leverages the Ethereum blockchain to give consumers direct access to wholesale energy markets. This decreases costs, shifts production closer to demand, and moves us all toward a cleaner energy future." (Backed by Consensys) + + +Graph of this issue: +http://pbs.twimg.com/media/DZsKrS8XcAAKdxp.jpg + +Remember the last time stocks fell so hard? You probably donā€™t, and thatā€™s making todayā€™s market seem harsher than it is. + +Itā€™s a fact of the life of the mind -- things always seem worse in the present. In reality, theyā€™re not. In this bull market alone thereā€™s been five other corrections like this one, and itā€™s taken around seven months on average for equities to climb out of their hole. Based on that path, the current jitters wonā€™t be fully eradicated until August. + +Just because bouts of losses are normal doesnā€™t mean theyā€™re painless, especially when momentum stocks are leading the way lower. But the statistic is a reminder that itā€™s unrealistic to expect a market recovery to involve a straight line back up. + +ā€œThis is very stressful stuff,ā€ said Michael Purves, Weeden & Co.ā€™s chief global strategist. ā€œItā€™s like going to the gym and lifting weights after you havenā€™t been to the gym for two years. Part of it is just a very normal psychological, emotional reaction.ā€ + +Since 2009, the average correction in U.S. stocks has lasted 200 days and lopped 14 percent from the S&P 500. That means if this one ended this week -- an unlikely prospect, given the index just posted its fourth consecutive move of greater than 1.5 percent -- it would be the second shortest and second shallowest of them all. + +It seems even worse because of how placid markets have been since the last disruption. While individual stocks are regularly rising and falling 5 percent nowadays, consider that in 2016 and 2017 the S&P 500 went through several multi-month stretches without posting a single up or down day of more than 1 percent. + +That hasnā€™t been the case lately. The S&P 500 dropped 1.7 percent on Tuesday, erasing more than half of the previous dayā€™s 2.7 percent rally. Futures on the gauge rose 0.3 percent at 8:05 a.m. in New York. + +Stock turbulence as measured by the benchmark anxiety gauge, the Cboe Volatility Index, is much higher. At 22.5 now after rising for the third time in four days, the measure is nearly twice its level for the previous two years. There have already been 22 days in which the S&P 500 moved more than 1 percent in the first three months of the year, triple the total for all of 2017. + +ā€œYou had this incredible low-volatility environment, but markets are supposed to go up and down,ā€ Michael Oā€™Rourke, JonesTradingā€™s chief market strategist, said by phone. ā€œRelative to how markets should be and how they behaved most of my career, thus far this selloff is not a major event. At this point the selloff relative to history is just a blip.ā€ + +So the rupture is back-to-normal, and normal is usually hard. Take the action in tech mega-caps, a group that lured investors with gains more than triple the market since 2016. Theyā€™ve been cited by money managers as the most crowded trade in Bank of Americaā€™s March survey for a second month. +We've got a lot of people around who enjoy sharing their Bitcoin knowledge, so don't be shy. If you want to learn more and feel like sticking around for a while, remember to subscribe. + +Here's an [introductory](https://en.bitcoin.it/wiki/Introduction) and an [FAQ](https://en.bitcoin.it/wiki/FAQ) link to pique your curiosity. Also, check out [weusecoins.com](https://www.weusecoins.com/) if you're absolutely brand new to Bitcoin. + +Have fun! +Hey Everyone, + +This is an update to a [post](https://www.reddit.com/r/financialindependence/comments/f3gfcd/leaving_money_on_the_table_to_be_happy/) I made about two years ago. + +The gist of it is that I was unhappy overall on an expat assignment in South America, but was essentially "rich". The money, status, and options were a crutch I could fall back on and say "I'm not happy but..". However deep down I knew that moving home would most likely enable me to find the things that would make me "happy" (meaningful community and relationships, challenging and fulfilling work, more ownership of my life, shared language and values etc). I was afraid however, that I would come home, be unhappy, and then be without the money/status/options. + +Well I ended up having to move home this year after losing my job due to the company shutting down their South American operations. The first few months were hell to be honest as I was unemployed, living with family, and lonely struggling to build a new life from scratch in a sense. + +With that said I am finally "happy". Since my move I've: + +* Bought my "dream" place (loft condo in suburban downtown) and my affordable "dream" car. +* Transitioned to a new career in consulting, which I am loving! +* Been able connect with a handful of people and build the foundation of a new community/social circle. I feel like I've been able to better connect with people here in eight months vs eight years in South America. +* Gotten involved in activities that I enjoy (shooting sports are a big one) +* Realized how much culture/values/etc matter, and that a big source of my unhappiness and frustration was the difference in cultural attitudes/values, the way society runs, etc. I am so happy to be back home where it just feels "natural" to be. +* Realized how self aware I am and that all of my suspicions/feelings/reflections were spot on. It's an affirmation in retrospect that I know myself and ultimately know what I need. +* *Fortuitous Unintended consequences* + * I discovered early stage heart failure and am being treated for it. My heart will recover and I've prevented a potentially catastrophic outcome as a result. + * I began speaking to a therapist shortly after my move home due to the challenges involved. She mentioned I suffer from anxiety and should consider medication. After several months I decided to take her up on it and it has been LIFE CHANGING. With a low dose medication it's like the anxious/negative part of my emotion/brain have been shut off. I always felt like there was something I could be doing to manage those things, looks like there's something to be said about "chemical imbalances" or however you phrase that (zoloft 25mg/day). + * it's crazy to me how this has panned out. Had I stayed in SA I don't know that I would've identified/received treatment for those two major issues. + +It's cool to have things pan out as I had suspected/hoped moving home would. I am proud of myself for being self-ware enough to know deep down what I needed/what makes me happy. It's certainly been a journey to get to this point. No amount of money or hedonism could have made up for the isolation and frustration I felt back in SA. + +Edit: + +* Messed up the ending editing so re-added it, also because people are asking about car/med:s + * Car = CPO 2019 BMW 330xi (40k was 60k new) + * Med = Zoloft 25mg/day +Does anyone feel a sense of unfairness when they see "cash in hand" business people in everyday life dodging taxes? I feel like I am working my ass off to see my income get taxed heavily while others are getting away with it. +I am in love with this school but lord have mercy that feels like a lot of money. This covers my room and board + my tuition and extra expenses like books. This is after financial aid with the original price being 63k/ year just for tuition. I also want to add Iā€™m a computer science and business double major. + +I need all the advice I can get. I am first generation and low income. My parents have excellent credit scores but I donā€™t know if this is a bad choice. I also donā€™t know much about how loans work. + + +I love this school, i love the people, but is it a good choice? + +EDIT: + +This is an out-state school. Iā€™m from the Boston area and the school Iā€™m talking about is Temple university. I can admit I am jaded by this school and I do have other cheaper options in-state. + +I read every single comment made, thank you to everyone for the advice, especially the ones coming from a parent perspective. This made my decision a lot clearer. + +I will be appealing my tuition as much as I can but in the end run I will be making the most financially safe choice. +Some want it to fail. Some want it delayed again. Some want it to happen and show the world how crappy, insecure and centralized POS is. I guess if there was anything else happening in the bitcoin network besides a TX per hour or 2 or 5 then they'd probably be focused on something else. + +The bottom line is as we approach OUR long awaited merge don't let anyone of these jealous podcaster, you tubers, redditors and twitter punks deter you from your goals and beliefs. You came here for a reason. I suggest you stick to it. We are merging whether they like it or not. + +EDIT: Want to thx every1 who tipped this post with yummy donuts. Sadly they have not been received. MM, HS, DF show 0 balance. GC shows tx confirmed but shows I have no donuts. Is this something new? Anyway. We merge in a few weeks. ETH ON! +Ladies and Gentlemen, dear traders, miners, developers, hodlers, and observers! + +All of you might have noticed that the **Metropolis** phase of the [Ethereum roadmap](https://blog.ethereum.org/2015/03/03/ethereum-launch-process/) is taking longer than initially announced when the network launched back in 2015. Not only, did we split up Metropolis into multiple parts (Byzantium, Constantinople), it also looks like there will be many more protocol upgrades on the legacy Ethereum network ("1.x") during that phase. + +Besides, after dropping the idea of the hybrid Casper last year, now it looks like **Serenity** will not be a hardfork but a [parallel proof-of-stake network](https://www.reddit.com/r/ethereum/comments/ahqmmx/serenity_proofofstake_sharding_all_that_is/) ("2.0"). So, to avoid naming the next protocol-upgrade [Istanbul](https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1679.md), and becoming more and more clueless about subsequent fork names, and to show how creative our community is, I propose the exclusive r/ethtrader hardfork naming challenge for Ethereum. + +--- + +### Rules + +1. This is a _contest_ thread. Submissions only count on top-level comments. Comments below are just for discussion and love letters. I would encourage moderators to change the default comment sorting to _contest mode_ if possible. +3. Submissions should contain at least three example names and make a sense in any possible creative way. Please try to explain it. Bonus if that line of titles is extensible beyond three. Example: + > Ceres, Eros, Vesta, CA-2216862, Pallas - names of Asteroids settled by da beltalowda in the expanse, sasa ke? +4. This thread will be running for at least seven days. If this community appreciates this move, I will encourage to _sticky_ it. It is vital to cross-post it in other parts of the community, to reach as many participants as possible. +5. The top seven suggestions will make it to the finals, a donut-weighted poll here on r/ethtrader. +6. The winning entry will be added to an EIP outlining the Ethereum hardfork process and presented at a future all-core-developers call. + +Happy brainstorming! šŸ© šŸ¤Æ šŸ© šŸ© šŸ© + +--- + +### FAQ + +1. Why did you choose r/ethtrader? + > šŸ© +2. Why is Metropolis taking so long? Why is Serenity delayed? + > I don't feel confident to answer this. It took a while to finalize the specification for Serenity, and in the process, we discarded some ideas that looked good in the beginning but where superseded by even better ideas. We are still in the Metropolis phase. +3. Why is Serenity its own chain now? What does this mean for the legacy chain? + > The design of Serenity can be considered as third generation blockchain technology. It's easier to start from scratch and allow for a clear migration path from the legacy chain to the beacon chain. The old chain will eventually die once everyone transitioned to the next generation Ethereum. The details, however, are not fleshed out yet. +5. Why not just call all subsequent forks Istanbul? + > Istanbul is a valid entry, even though it's dull. I'm obviously biased but if you want to go for it, just propose it. +6. Why would anyone care about the community here? + > Because you are a fantastic community and you have donuts. +7. Why don't you come up with your own names? + > Because everyone will hate me for naming hardforks _CA-2216862_. Also, I'm not the boss here and love the power of crowd-sourcing. +8. _Star Trek_ or _The Expanse_? + > _The Expanse_. +Anybody else stressed out as fuck. Even on the weekend i'm checking my phone to look at that piece of shit app Robinhood I'm unfortunate enough to have all my $GME stock in. + + +I think it's important to remember to keep your head straight during this time. Many people here have probably never felt the fear & stress of having so much on the line. + + +Even though I've been 'responsible' in that even if i lose everything I've put into GME / BB so far goes to shit I will be ok, it's still pretty stressful. I can't imagine what some of you must be going through who truly put everything they have into this. And with some of you guys with millions of dollars on the line. Fuckin crazy shit + +Please share your thoughts on how you manage your stress, and how you can make sure to stay determined to keep your šŸ’ŽšŸ’ŽšŸ™ŒšŸ™Œ. + +Fucking Robinhood restricting GME last week really makes me paranoid as fuck that they will just shut down the whole app at the moment of reckoning, and everyone will just miss the whole boat when GME truly moons. And when they turn it back on we'll be the ones left holding the bag. + + +But, my recommendation is to think about yourself when you're an old man/woman. In 50 years when i look back on this time, I know I would regret selling too early way more than selling too late. So for that reason I know i'm holding all the way to zero if i have to. + + +Share your thoughts on how you keep your head straight and determined to HOLD TO THE MOON + + + +TLDR : Talk about how you keep your šŸ’ŽšŸ™Œ so we can šŸš€šŸš€šŸš€šŸš€šŸš€ GME +Over the last year e.g. used cars, timber, recently gas and uranium have exploded in price. Especially the timber and uranium charts look like classic bubbles. Is there a way to gauge how much of that price increase was due to "real" supply constraints, i.e. producers / logistics not being able to supply the real demand by consumers of the product, and how much was due to speculators buying up supply to artificially produce a shortage? +I have known you can buy seeds with SNAP for ages. But recently found out that you can buy live plants. Edibles only of course. Very few retailers know about it or are set up to take SNAP for plants/seeds, but the biggest online retailers are. You can even filter by SNAP/EBT eligible or search "snap/EBT eligible Bonnie plants" and I'm sure exactly what I'm talking about will appear. + +I'm guerilla gardening a public alley behind my apartment complex. I moved some logs to define an outline and the guys who come cut everything twice a season have thus far ignored my area. (Bless them- we've been silent buddies for 2 years now) + + +The selection is limited (again, not much supply or demand I'm sure) but I've gotten a ton of herbs, 3 types of tomatoes, and 2 types of peppers so far. Cilantro is the only one that arrived dead. + +I love this because it's thrifty, healthy, a great hobby, and a "free" outdoor activity with kids. Anything that gets me outside without spending money is a win!! +A. Don't keep more than 20% of your coins on exchanges and online vaults. As the old adage says, everything that is connected to the Internet can (and will) be hacked. + +B. Hardware- and paper wallets are the must. Also multisig. Don't forget to make enough backups of your seeds, and store them in several secure locations, encrypted. + +C. Every time the value of Bitcoin increases 10-fold, spend 20% of your stash. By using this simple rule, you'll always have enough coins for the long-term growth AND enough pocket money to fulfill your dreams. + +D. Some reasonable ways to spend your 20%: + +* get rid of the debt +* invest in your health and longevity +* launch a startup you always wanted to create +* emigrate to a better country +* buy a nice house +* help your family members in need +* donate to a Bitcoin-accepting charity + +E. Hire a good tax accountant. They are worth every satoshi you spend on them. + +F. Don't brag about your wealth, even anonymously. This includes driving ridiculously overpriced shitcars on public roads. + +G. Buying experiences is often more fulfilling than buying things. For example, take a one-year sabbatical to travel around the world instead of buying a luxury watch. You'll forget about the watch in a couple of years, but you'll remember the sabbatical your whole life. + +Happy HODLing! +[https://www.cnbc.com/2020/05/18/moderna-reports-positive-data-on-early-stage-coronavirus-vaccine-trial.html](https://www.cnbc.com/2020/05/18/moderna-reports-positive-data-on-early-stage-coronavirus-vaccine-trial.html) +[Announcement from ASX's website](http://www.asx.com.au/services/chess-replacement.htm). Note, they never use the word "blockchain" (maybe they dislike the hype?) and opt to use the words "Distribute ledger". + + + + +&nbsp; + +I'm kind of confused though. Who does the mining in a distributed ledger without coins? What is the incentive for someone to verify buys/sells? Who is trusted to verify buy/sells? +I [25m] am making $100k (pre tax) living in Orange County, CA. I want to get started with my first property, but most homes are >$800k. Id like to invest in something cheaper (~100k) for my first property as Iā€™m still inexperienced in REI. What do you guys suggest? For those that say ā€œpurchase elsewhereā€ what do you do to learn the market in other places? How do you manage the property remotely? +Completely aware that the macroeconomic conditions are terrible right now, but I am not wasting this opportunity to layer into the market. I remember in October when Bitcoin was peaking its head above the all time high and instead of going higher we went sideways for a whole month in anxiety. Then we dropped, and spent the entire first quarter bouncing around the 30-40k range. It was exhausting, and I was only hoping for it to finally rip the band-aid off and go whichever direction it was going to go. I looked back and wished I was around to buy back in the bear markets of 2018-2019 instead of dealing with higher valuations and anxiety. It's easy in hindsight, but I wished I could + +And now I feel like that opportunity is in my hands. We've dropped, and we can go much, much lower than this. But this is plenty good for me to DCA in weekly, I haven't sold any of my crypto since I got in early last year (why would I, it's at a loss). Going to hold onto it for the long term and see what happens. + +In an alternative world if Bitcoin did pop up and went above $100k last year, I wouldn't have made nearly as much profit if it wasn't for a bear market instead like what we have to buy some more. I am happy to be around all this fear. +I am at 70% savings rate paying no rent. That would be 47% if we started splitting the rent ($550 each), but she is happy for me just to pay for internet, her phone bill, and 90% of our groceries. + +But I dreamt about leaving London ON and moving to Toronto with my friends as I am 25 and wanting a change. This would mean paying probably about $1000 for rent and my savings rate would become about 28% IF I'm lucky. + +This is not including any extra regular expenses that toronto requires and then I have to set money aside for moving and first and last month etc. + +I would transfer with my company and therefore be paid the same. I might have more opportunity for over time and to take on a 2nd job which seems like the only benefits. + +Should I make the change and postpone retirement in order to be slightly happier now, or should I stay and suffer for now and focus on my FIRE dream? Anyone ever face similar dilemmas? + +*Edit: i calculate that moving to toronto would add an extra 17 years that I would have to work. This is assuming i was splitting rent with my mom. +*Edit: i am shocked at the overwhelming advice to make the move. I thought for sure the advice would be to stay at home rent-free. I feel really good about making the move. Thank you!!! +TLDR: one should have \~60% equity mix going into retirement in equity .but if you are in top 90% NW ( \~$4 M)+, it should be 90% equity mix for optimal allocation. (up to 1.7% annual increase vs. typical target date fund: TDF) + +MIT Professor just published this deep/dense paper ( with many many equations) and use of Google TensorFlow. [Jonathan A. Parker - Individual Faculty Page (mit.edu)](https://mitmgmtfaculty.mit.edu/japarker/) + +&#x200B; + +Some interesting take away [https://mitsloan.mit.edu/shared/ods/documents?PublicationDocumentID=8124](https://mitsloan.mit.edu/shared/ods/documents?PublicationDocumentID=8124) + +* equity allocation should be much higher ( above 90%) in you are in top 90% net worth at $4M, since you core SWR is lower and have more flexibility in your spending when market is down ( this is matched by what I read along most FATFIRE thread) +* paper also covers optimal equity mix when stock market is expensive vs. cheap ( uses PE ratio as proxy). but the author also state that is not a good indicator and it is hard to see if market is expensive looking forward ( only obv looking back) and doesn't have much predictive power. +* Paper also goes into the modeling spending how actual spending varies along the age and post retirement. (TLDR: it does down and flat post retirement vs working) +So whatā€™s going on at moment. Iā€™m not in finance and I donā€™t have much of a clue about the market to be honest. We are saving to move away from the city (I donā€™t really like living in Melbourne and have had enough). I refuse to pay 800k for a 500k house because everyone 2 years ago was saying buy asap!!!!. I have literally heard colleagues say housing prices will not go down.............. + +Sometimes people give me some weird looks when I say the property market is hyper exposed. I personally know people who have taken out 900k loans to buy places in the city with low interest rates and normal incomes. I feel like my generation 30 year olds donā€™t really know what a hard recession or housing crash looks like. My folks have seen housing crashes. + +Like I said Iā€™m no finance guru. This all just seems like a powder keg to me. I feel like the fomo has bitten people hard. They over paid, took out massive loans on low rates. The fact rates are not going up seems odd. This is just from a keep it simple approach. Where there is smoke there is fire. + +So my question is what happens when the rba bumps up these rates? What do r/ausfinance crew think is going to happen. + + +We have completed our investigation in to the May 7th DDoS attack, and the cascading margin liquidations on the ETH/USD order book. + +Despite the coincidental overlap in timing of the events, we did not find any evidence of a coordinated attack or market manipulation. + +A large, legitimate ETH sell order triggered a cascade of liquidations. The downward momentum of the liquidations was slowed by Krakenā€™s market price protection system. The trading engine and risk systems functioned as expected. + +Once the liquidations had been triggered, they could not be stopped ā€“ DDoS or not. + +The ongoing DDoS attack at the time of liquidations possibly inhibited inflows of new capital which might have been able to further absorb liquidations where the market price protection system took a pause. The DDoS also broadly reduced availability of the service, which inhibited new orders from being placed on either side of the book. It is conceivable that had the DDoS not overlapped with the liquidations that the bottom would have been lower. + +*To address some community comments and requests:* + +**But for the DDoS I would not have been liquidated.** + +* The DDoS did neither cause nor exacerbate liquidations. Once liquidations are triggered, they cannot be stopped. The best that can be hoped for is that liquidity is there to absorb the market orders. Krakenā€™s market price protection system attempts to protect those being liquidated by pausing at times to allow liquidity to fill in but there is no guarantee that others are willing and able to provide that liquidity. + +**Kraken should have halted trading while under attack.** + +* The consequences for traders would have been even worse. Crypto assets trade on many exchanges and shutting down an individual market simply means that participants there cannot react to the changes elsewhere. The ETH/USD market liquidations were not a result of the DDoS attack. Not halting trading allowed for orders to fill in to absorb the liquidations, which otherwise would have found a lower bottom. Exchanges are constantly under attack ā€“ some worse than others. Kraken will always strive to maintain market availability throughout an attack. + +**You should guarantee 100% uptime.** + +* Unfortunately, this is not realistic at our price point. Even giants like Amazon and Google are not completely immune to DDoS. We have already invested a lot in mitigating attacks and we are constantly improving our defenses. Despite this attack occurring on a Sunday afternoon, our team responded quickly and we were operating normally again within an hour. Traders should not take it for granted that they will have access to Kraken when they need it and are encouraged to take advantage of our advanced order types for extra protection. + +**Kraken should only liquidate at the ā€œrealā€ price.** + +* Traders are encouraged to use advanced order types such as stop-loss to set their own exits. Prices on all assets are market-dependent and there is no distinction between ā€œrealā€ and ā€œartificialā€. Since all trades on Kraken are made with pre-funded, physical coins, traders set the prices. Spreads between markets are natural and reflect differences in participants, risks, costs. Those who trade on margin need to be aware of the risks of speculative, high volatility markets, flash crashes, stop hunting, whale error, etc. If you simply wish to have leveraged price exposure without trading deliverable assets, you should seek a derivatives market that uses a price index such as the Tradeblock XBX or CME-CF Real Time Index. + +**Kraken should roll back trades.** + +* We are very sorry for the unexpected losses many of our clients suffered today but we cannot roll back trades. As the lender, Kraken also took on losses as the result of accounts going negative through liquidations. We go to great lengths to minimize the risk of cascading liquidations, even putting a cap on how much can be borrowed both per account and globally, but our controls will never be perfect. + Unfortunately, for an exchange, market integrity is sacrosanct. Traders must be able to rely on legitimate trades being honored. Any losses today are the gains of the trader who took the risk to provide liquidity on the other side. + +**Kraken should compensate me for my losses.** + +* Unfortunately, we cannot compensate traders for the outcome of naturally occurring events in the market, nor losses due to unavoidable DDoS attacks. + +For further reading on performance guarantees (or lack thereof) see Krakenā€™s Terms of Service: https://www.kraken.com/en-us/legal +**TLDR:** Brokers refuse to DRS IRA shares stating it's against internal policy. They will do a distribution to ComputerShare but that can be a taxable event, depends on your situation. Capital Gains + 10% early withdrawal + state tax can be upward of 30%+ taxes. If I don't have the money come April 2023 to pay them, I might have to sell. To me this sounds like what the SHF would want. So I present to you the steps I took to DRS **X,XXX** Traditional and Roth IRA shares with a NON-BROKER CUSTODIAN. + +**The key takeaway is that I used a custodian to DRS. My shares are not at the custodian now, they are with ComputerShare and Gamestop. They have been withdrawn from the DTC.** + +**This is not financial advise, just my experience, and I'm zen af rn.** + +"If your shares are registered with the broker, the fate of your shares lay with the broker (DTC). If your shares are registered with the company, the fate of your shares lay with the company (ComputerShare)" - Dr Trimbath from DRS Origin Story + +**Visual Guide followed by FAQ** + +[IRA AND DTC STOCK WITHDRAWAL](https://preview.redd.it/samikeceab591.png?width=771&format=png&auto=webp&s=ddc34e05ffb4e996608cf981150940d1d8607b3e) + +The overall steps are: + +1. Choose a non-broker custodian willing to direct register (DRS) your IRA shares, while remaining the financial custodian, and adding you as the registered owner - in the form of: Custodian Trust For Benefit Of your name IRA +2. I chose to work with Mainstar Trust ([https://mainstartrust.com/Contact](https://mainstartrust.com/Contact)) based on post and recommendations I've found. So far they have been extremely knowledgeable, responsive and helpful throughout this learning process. +3. Once you've made your selection, based on your DD, **setup a like-in-kind IRA account** with your non-broker custodian. These will be standard new IRA Account forms. like-in-kind means Traditional account for Traditional IRA and Roth account for Roth IRA. +4. Once the accounts are created, you will **fund them via a standard Transfer request**. The non-broker custodian will supply these and you can fill them out with your broker account information that you are transferring from. You don't need to contact your broker, unless you want to inform them to expect the request from your non-broker custodian. +5. Once the shares are in your non-broker custodian account, **request via email that they direct register them, for benefit of you, with the transfer agent** \- for Gamestop, that is ComputerShare. They should be familiar with this process. +6. Request they also scan and **email you the DRS Advise letter** when they have confirmation. +7. The DRS Advise letter will contain two pieces of information you need to create your ComputerShare account for your IRA shares: + 1. **Zip Code** on file (this will be your non-broker custodians zip code on the letter) + 2. **Holder Account Number** (starts with C00 on the letter) + +[Use the Zip Code and Holder Account Number from the DRS Advise Letter](https://preview.redd.it/sxcafi1gab591.png?width=772&format=png&auto=webp&s=96d2155bec0b51e0d25ddacbaa5afc138d2fa573) + +8. To initiate the ComputerShare account creation process, go to: [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) + +9. Click the **Register Now** link under Login + +https://preview.redd.it/kyy2didhab591.png?width=600&format=png&auto=webp&s=970325e31db8b3c2ce4e266480398b1b27e0e8be + +10. Under Confirm your details choose **Holder Account Number** + +11. Enter your Holder Account Number and Zip Code on file from the DRS Advise letter. + +https://preview.redd.it/1jexssajab591.png?width=620&format=png&auto=webp&s=53afd1e6d2f954a8507d8e586bda731b821c7bee + +12. Fill in the rest of the details, stock name, email (**use a different email** if you already have an existing ComputerShare account for non IRA shares), password, and click Register. You will receive a confirmation and a notice that your **Account Verification Code** will me mailed to the address on file. + +13. Contact your non-broker custodian and **ask them to forward you your Account Verification Code** from ComputerShare. Mainstar did this for me in less than a week. + +[Note your Verification Code - and that Mainstar's PO BOX number is 420 - nice](https://preview.redd.it/9p5jaqjkab591.png?width=638&format=png&auto=webp&s=5c51159ce828dfb83c8891b843e2a3a402f76334) + +14. When you receive the Account Verification Code go back to [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) \- this time choose **Login** + +https://preview.redd.it/9j5vq53mab591.png?width=609&format=png&auto=webp&s=bf1848f5bb421b040ff791273def5cb0d961bb40 + +15. Use the Username and Password you created earlier. + +16. When prompted enter the **5 digit verification code** that was forwarded to you. + +17. Welcome to your IRA ComputerShare Account! **Congrats**, you made it! Now things to do: + +1. Update your email preference in your Profile +2. Manage your investment plan +3. **VOTE!** \- You can vote directly from ComputerShare! + +https://preview.redd.it/gpdp6kanab591.png?width=1166&format=png&auto=webp&s=98471aa8d4d0722dec3b37a090155a7a4a324fbf + +**IRA DRS FAQ:** + +**Q:** How long does the overall process take? + +**A:** 10-20 business days. Things will go much faster if you contact Mainstar in advance and ask them to DRS the shares as soon as they get them, and to scan and email you the DRS Advice letter plus the ComputerShare verification code you will need to activate your account. Follow up with them, they are very helpful. + +**Q:** How much does it cost? + +**A:** Mainstar is $110/per account/per year. So if you had a Roth and Traditional loaded with GME it would be a total of $220 per year. Complete info on fees ([https://mainstartrust.com/Portals/0/adam/DocusignForms/VK1rKbuoYEOqpIOY\_EdUkg/File/20220307095230-Fee%20Disclosure.pdf](https://mainstartrust.com/Portals/0/adam/DocusignForms/VK1rKbuoYEOqpIOY_EdUkg/File/20220307095230-Fee%20Disclosure.pdf)) + +**Q:** Why do I need to use a separate email if I already have a ComputerShare Account? + +**A:** You do not want IRA shares mixing with non retirement shares. That could be a distribution, I'm also not sure ComputerShare would even let you and that could delay your whole process. + +**Q:** Can I sell directly from ComputerShare? + +**A:** No you need to use Mainstars online system or call or email. They are still the financial custodian and need process the sale. + +**Q:** How long does it take to sell? + +**A:** It takes 3-5 days to transfer back to Mainstar. You could do this tax free in advance when ready to sell. From there you can make immediate market orders or limit orders. + +**Q:** What happens to my funds after I sell, do they go back into my IRA? + +**A:** Yes, money goes back into your IRA at Mainstar, maintaining its tax free or tax differed status. + +**Q:** Can I vote directly from ComputerShare? + +**A:** Yes you can vote directly in ComputerShare, Mainstar also forwards you any documents they receive. + +**Q:** Why Mainstar Trust? + +**A:** [u/winebutch](https://www.reddit.com/u/winebutch/) posted about their successful experience months ago. I decided to pull the trigger myself. Since then I've heard nothing but good experience from other apes that have followed this guide. Mainstar reps are extremely helpful and familiar with the IRA DRS process, especially for GME! They do not use Apex and when I asked Dr Trimbath on Twitter about IRA DRS she recommended to try a NON BROKER custodian and work with small businesses. + +Feel free to ask more questions and I'll research/update the FAQ as I go. The best way to get questions answered is to email/call Mainstar directly. Again, this is **not financial advice**. In fact, I strongly recommend to interview your own brokers and custodians, consult with your CPA, and consider your situation and what works best for you. My goal is to share my experience and what I have learned based on months of research and push back from brokers. Share knowledge and experience, be kind, stay frosty everyone. + +Hope you enjoyed, SHOP, DRS, HODL, LFG! +People seem to think because we had 2 big crash close together in 2000 and 2008, we are bound to have one soon. + + +I want to remind people before the year 2000, we had a 20 years bullish run. Its totally not impossible we get to 2030 with no crash, especially now that the feds baby sit the market. + + +Secondly, we have extremely nice upcoming market conditions. Stimulus checks will either get people to spend money to stimulate the economy, or get them to invest, both will help the stock market. The media is somehow trying to make us believe this is bad, but i think its just bullshit. Inflation has been ultra low for way too long, and feds actually want it to increase. They said many times they won't increase rates before 2023. + + +Thirdly, i also think we have more upcomming money sources coming into the market than ever. People from other countries invest in US stock market. With all the GME hype, more people than ever are joining in. Again media trying to twist this to say its "bad", but obviously it isn't bad. + + +Another point is, crashes usually happen for a reason, its not random. You can google any of past market crash and find the exact reason it happened. None of these factors are happening right now. + + +Another point is, there is a key difference between today and 2000. In 2000, the overvalued .com companies which had PE ratios of 200.... were literally worth nothing! These companies had never made a single profit! Once people realized they invested massively in a .com web site worth jackshit... they sold it obviously. They had no reason to hold their shares. + + +Now check this image about Nasdaq's PE Ratios: https://i2.cdn.turner.com/money/dam/assets/150305131443-nasdaq-pe-780x439.jpg + + +Obviously, you can see the 2000's pe ratios were stupid. This graph is from 2015 when it was at 31.7. What is it today? Nasdaq PE ratio as of February 25, 2021 is 38.5!!!! 5x lower than the 2000s. https://www.macrotrends.net/stocks/charts/NDAQ/nasdaq/pe-ratio + + +Its irrelevant if the big hedge funds remove their money from apple and want to scare you into selling your shares. Apple is a massive amazing company that is really worth a lot, and they do make tons of profits. Its not comparable in any ways to the dot com bubble. If other people are stupid and sell their shares, SO WHAT? You will just be able to buy into this amazing company for cheaper. + + + +So hold your shares and stop worrying about a 2000 level crash, its not happening. + + +A correction? Maybe. But who cares, this just slows us down a little. Corrections are healthy and help us avoid a real crash. + + +EDIT: Thank you for the award! :D + + +EDIT2: Corrected the PE ratio for nasdaq +I see so many of us Apes who feel the same way. I lost one of my childhood best friends at the start of the pandemic to debt and loneliness, he took his life out of fear, and I've watched many of my other friend's families struggling as they too have been constantly embattled to stay afloat. + +At the start of all of this, many people spoke about how GME was bigger than a payday - it was the first time they felt a sense of promise and hope. I relate to this mindset most of all. Most of us have had our humanity squeezed down to a profit for the majority of our lives, our personhood distilled into misery, and it'd be nice for once to feel an ounce of control and safety that we could share. + +I plan to hold as long as it takes knowing that there are millions of other Apes like me, with millions of more people those fellow Apes wish to help. This may be a rocket ultimately fueled on tendies, but I guarantee we could chart the stars with all this fucking Ape love. + +Genuinely, thank you to everyone. For the education, for the inspiration, and for the support. + +&#x200B; + +\*EDIT: Wow, I wasn't expecting this but thanks so much for all the kind words. Love you, Apes. You're all the best.\* +Iā€™m happy with the current state of my portfolio and Iā€™m about ready to complete it and delete my apps for a few months, so I am considering adding either NEO or VEN. Iā€™m generally intrigued by both of their connections to China, and I like both teams a lot. I know you can obviously buy both, but if you had to complete a smaller portion of your portfolio, say 15-20%, would you chose VEN or NEO? To the best of my research, these two seem to have similar potential. Anyone agree or disagree? Thanks in advance. +I am new with cryptos i invested some of my savings on ethereum when its price was 376$ but now its going down day by day i duno whats real reason so far looks ico but how long icos ll continue if its keep going like this whats ether future.. is my investment safe? I hold ether or sale so far lose i am losing 18000$ kinda stress.. +so i currently have alt crypto in my binance and i understand its best to sell for ETH after that whats the cheapest way to get the eth to Ā£ to my bank account + +i have coinbase and gdax + +Its just my (humble) opinion but it feels like the pump and dumps in ASX are increasing every day. Everyday more people are joining ASX Bets and this might be a reflection of the wider influx of gamblers into the ASX - possibly a result of the media attention garnered by the GME short squeeze. + +Recently we have seen some questionable companies spike in a matter of a couple of days on very flimsy financials with no significant news (you know which ones I am talking about). Some of these companies have revenue of less $1M yet are valued at +$200m. Even with sustained exponential growth they would still be overvalued in 5 years time. + +So my question is: are these coordinated pumps and dumps perpetuated in an organised manner through social media initiated by the same offenders, collusion by "influencers" or something more organic that is simply a sign of an overheated market in the digital age where every man and his dog can "get rich"? Which social media platforms seem to have the most influence that are driving these P&Ds? +Idk about you guys but I have one stock that I thought I brought the dip and then it kept going and going and going then brought the dip again and it still kept falling (A2M) + +Whatā€™s your worst hold that you look at every day and just say fuck you too? +# FRIDAY WRAP-UP ++ ASX down; oil down; Wall St down; virus cases up; down down, stock prices are down ++ XJO 5909.600 -45.900 -0.80% XAO 6026.800 48.100 -0.80% + +There we are, folks, our grand event is over! I have orders from the Emperors themselves, they have something special planned. We only need to keep them from Autisting. PMs will be sent to selected contenders for prizes (participation is optional). + +# PLAYS OF THE PURGE +## Largest gain from start to close +/u/nonamesleft0393 hits not only the highest gains but snags the highest ATH today with FBR! + +## Largest loss from start to close +/u/Grand_Steak, how do you like to be cooked? + +# SCOREBOARD: MARKET CLOSE FRIDAY 10 JULY 2020 +Rank | Movement | Code | User | Friday Close | Final Close | Gain $ | Gain % | ATH $ | ATH % | Daily Volume | Comment +---|---|---|---|---:|---:|---:|---:|---:|---:|---:|--- +1 | +0 | FBR | /u/nonamesleft0393 | 0.042 | 0.089 | 0.047 | 111.90% | 0.105 | 150.00% | 72,369,662 | Intraday winner +2 | +1 | DXN | /u/DegenerateChild0 | 0.017 | 0.032 | 0.015 | 88.24% | 0.032 | 88.24% | 45,428,681 | +3 | +1 | RCE | /u/3reefs_should_do | 0.7 | 1.040 | 0.34 | 48.57% | 1.250 | 78.57% | 869,000 | +4 | +18 | OLL | /u/cheebaihai | 0.18 | 0.240 | 0.06 | 33.33% | 0.235 | 30.56% | 2,608,261 | +5 | -3 | MAN | /u/banniboi | 0.025 | 0.033 | 0.008 | 32.00% | 0.048 | 92.00% | 8,047,119 | +6 | +3 | IP1 | /u/xineirea | 0.016 | 0.021 | 0.005 | 31.25% | 0.023 | 43.75% | 18,908,899 | +7 | -2 | IBX | /u/brucehore | 0.033 | 0.043 | 0.01 | 30.30% | 0.048 | 45.45% | 10,271,006 | +8 | +3 | OPY | /u/sticky7891 | 2.26 | 2.920 | 0.66 | 29.20% | 3.210 | 42.04% | 11,409,412 | +9 | -2 | DW8 | /u/RepubIique | 0.018 | 0.023 | 0.005 | 27.78% | 0.025 | 38.89% | 40,180,028 | +10 | +5 | Z1P | /u/MattL600 | 5.74 | 7.260 | 1.52 | 26.48% | 7.715 | 34.41% | 25,526,544 | +11 | -3 | FTT | /u/Simping_Aint_Easy | 0.004 | 0.005 | 0.001 | 25.00% | 0.007 | 75.00% | 30,479,341 | +12 | -6 | SWF | /u/Alpgh367 | 0.52 | 0.635 | 0.115 | 22.12% | 0.675 | 29.81% | 1,972,821 | +13 | -1 | WAF | /u/FurcationInvolvement | 0.875 | 1.050 | 0.175 | 20.00% | 1.055 | 20.57% | 8,542,821 | +14 | -4 | CG1 | /u/GinToKiiz | 0.185 | 0.220 | 0.035 | 18.92% | 0.280 | 51.35% | 550,015 | +15 | +5 | SPT | /u/nikolajxo | 1.385 | 1.625 | 0.24 | 17.33% | 1.735 | 25.27% | 26,003,312 | +16 | +10 | QFE | /u/thng1501 | 0.645 | 0.745 | 0.1 | 15.50% | 0.975 | 51.16% | 3,014,293 | +17 | +15 | UCM | /u/niloony | 0.24 | 0.275 | 0.035 | 14.58% | 0.275 | 14.58% | 337,988 | +18 | +35 | LPD | /u/ConstantReach | 0.007 | 0.008 | 0.001 | 14.29% | 0.008 | 14.29% | 3,466,508 | +19 | +2 | VMT | /u/notasabretooth | 0.355 | 0.400 | 0.045 | 12.68% | 0.430 | 21.13% | 435,683 | +20 | +4 | PDI | /u/earlyriser83 | 0.08 | 0.090 | 0.01 | 12.50% | 0.093 | 16.25% | 14,330,923 | +21 | -8 | BNL | /u/bignikaus | 0.017 | 0.019 | 0.002 | 11.76% | 0.023 | 35.29% | 5,800,896 | +22 | -3 | AEI | /u/oDesired | 0.605 | 0.675 | 0.07 | 11.57% | 0.730 | 20.66% | 640,398 | +23 | +5 | AMZN:US | /u/LongJNUG | 2,878.70 | 3,182.630 | 303.930 | 10.56% | 3193.880 | 10.95% | 6,388,659 | +24 | -7 | BIT | /u/AubreyFluffington | 0.1 | 0.110 | 0.01 | 10.00% | 0.132 | 32.00% | 4,382,451 | +24 | -7 | BIT | /u/Munichuck \* | 0.1 | 0.110 | 0.01 | 10.00% | 0.132 | 32.00% | 4,382,451 | +25 | +2 | FYI | /u/w-j1m | 0.05 | 0.055 | 0.005 | 10.00% | 0.055 | 10.00% | 340,000 | +26 | -8 | DCC | /u/GenuineAndUnprepared | 0.02 | 0.022 | 0.002 | 10.00% | 0.023 | 15.00% | 901,640 | +27 | +49 | MRQ | /u/mndeira | 0.01 | 0.011 | 0.001 | 10.00% | 0.012 | 20.00% | 16,270,391 | +28 | +7 | PBH | /u/bletines | 5.82 | 6.370 | 0.55 | 9.45% | 6.390 | 9.79% | 1,482,253 | +29 | -13 | QHL | /u/Fayngilo | 0.09 | 0.098 | 0.008 | 8.89% | 0.105 | 16.67% | 1,154,889 | +30 | -5 | RFX | /u/Otis88 | 0.023 | 0.025 | 0.002 | 8.70% | 0.026 | 13.04% | 773,352 | +31 | +15 | HTG | /u/unclequavo | 0.25 | 0.270 | 0.02 | 8.00% | 0.295 | 18.00% | 2,081,792 | +32 | -2 | FXL | /u/marmikp | 1.18 | 1.270 | 0.09 | 7.63% | 1.325 | 12.29% | 7,919,934 | +33 | +7 | NVX | /u/factorblue | 0.92 | 0.990 | 0.07 | 7.61% | 1.115 | 21.20% | 2,180,051 | +34 | -5 | EOS | /u/333Tips \* | 5.32 | 5.690 | 0.37 | 6.95% | 7.300 | 37.22% | 1,198,521 | +34 | -5 | EOS | /u/mechengguy93 | 5.32 | 5.690 | 0.37 | 6.95% | 7.300 | 37.22% | 1,198,521 | +35 | -12 | APT | /u/miamivice85 | 67.5 | 72.120 | 4.62 | 6.84% | 76.620 | 13.51% | 3,370,642 | +36 | -3 | SEN | /u/Fernal2020 | 0.048 | 0.051 | 0.003 | 6.25% | 0.057 | 18.75% | 557,787 | +37 | -23 | MNW | /u/kendama | 0.017 | 0.018 | 0.001 | 5.88% | 0.021 | 23.53% | 4,415,090 | +38 | +1 | BBOZ | /u/archbishopofoz | 8.26 | 8.730 | 0.47 | 5.69% | 8.800 | 6.54% | 2,928,186 | +39 | +25 | MAG | /u/Sloppycism | 0.295 | 0.310 | 0.015 | 5.08% | 0.310 | 5.08% | 813,299 | +40 | -4 | BRN | /u/Nig_Pig \* | 0.105 | 0.110 | 0.005 | 4.76% | 0.122 | 16.19% | 3,521,902 | +40 | -4 | BRN | /u/dudarude | 0.105 | 0.110 | 0.005 | 4.76% | 0.122 | 16.19% | 3,521,902 | +41 | -3 | OSL | /u/Tullystan | 0.125 | 0.130 | 0.005 | 4.00% | 0.140 | 12.00% | 1,084,400 | +42 | +3 | GNX | /u/letsburn00 | 0.215 | 0.220 | 0.005 | 2.33% | 0.225 | 4.65% | 114,710 | +43 | -6 | WZR | /u/Tacomaster33 | 0.225 | 0.230 | 0.005 | 2.22% | 0.245 | 8.89% | 9,104,913 | +44 | +0 | BTH | /u/D0nald_Kaufman | 0.84 | 0.855 | 0.015 | 1.79% | 0.890 | 5.95% | 2,359,588 | +45 | +3 | AT1 | /u/SavEx_ | 0.335 | 0.340 | 0.005 | 1.49% | 0.380 | 13.43% | 744,298 | +46 | -12 | AD8 | /u/MrMadamHoussain | 5.18 | 5.250 | 0.07 | 1.35% | 5.590 | 7.92% | 328,966 | +47 | -6 | ZNO | /u/TheWorthyAussie | 3.04 | 3.080 | 0.04 | 1.32% | 3.290 | 8.22% | 756,479 | +48 | +17 | BBUS | /u/BantaGoat \* | 2.57 | 2.590 | 0.02 | 0.78% | 2.600 | 1.17% | 5,028,367 | +48 | +17 | BBUS | /u/Jody8 | 2.57 | 2.590 | 0.02 | 0.78% | 2.600 | 1.17% | 5,028,367 | +49 | -7 | KLL | /u/ricklepicklemydickle | 0.165 | 0.165 | 0 | 0.00% | 0.175 | 6.06% | 4,155,663 | +50 | +1 | AAA | /u/maximiseYourChill | 50.07 | 50.070 | 0 | 0.00% | 50.080 | 0.02% | 217,929 | +51 | +1 | AKG | /u/az-pill-equator | 0.25 | 0.250 | 0 | 0.00% | 0.260 | 4.00% | 500 | +52 | +2 | FNP | /u/ChubbyVeganTravels | 3.01 | 3.010 | 0 | 0.00% | 0.000 | -100.00% | 0 | Trading halt +53 | +2 | 9SP | /u/bayosTODAY | 0.029 | 0.029 | 0 | 0.00% | 0.000 | -100.00% | 0 | Trading halt +54 | +2 | EN1 | /u/Sagittar0n | 0.006 | 0.006 | 0 | 0.00% | 0.008 | 33.33% | 3,792,667 | +55 | +2 | GTG | /u/doctorcunts | 0.006 | 0.006 | 0 | 0.00% | 0.006 | 0.00% | 2,198,487 | +56 | +2 | ANL | /u/mcfucking | 0.001 | 0.001 | 0 | 0.00% | 0.002 | 100.00% | 2,000,000 | +57 | +2 | RFN | /u/SPC_55 | 0.002 | 0.002 | 0 | 0.00% | 0.002 | 0.00% | 1,179,025 | +58 | +2 | SXL | /u/DeadGoddo | 0.175 | 0.175 | 0 | 0.00% | 0.190 | 8.57% | 6,070,988 | +59 | +11 | PDN | /u/Chanticleer85 | 0.12 | 0.120 | 0 | 0.00% | 0.125 | 4.17% | 6,201,353 | +60 | +13 | RAC | /u/pominator | 0.83 | 0.820 | -0.01 | -1.20% | 0.845 | 1.81% | 0 | Trading halt +61 | -11 | RXL | /u/T_Steeley | 0.082 | 0.081 | -0.001 | -1.22% | 0.090 | 9.76% | 20,778,638 | +62 | +4 | FZO | /u/BantaGoat | 0.285 | 0.280 | -0.005 | -1.75% | 0.305 | 7.02% | 3,071,491 | +63 | -16 | AEF | /u/calmerpoleece | 6.6 | 6.470 | -0.13 | -1.97% | 7.040 | 6.67% | 150,366 | +64 | -1 | XAO | /u/yesdevnull | 6163.7000 | 6,026.8000 | -136.9000 | -2.22% | 6192.900 | 0.47% | 0 | +65 | -22 | WTC | /u/lostdory | 20.54 | 20.000 | -0.54 | -2.63% | 22.500 | 9.54% | 920,016 | +66 | -4 | TMR | /u/Pleasant_Dig | 0.375 | 0.365 | -0.01 | -2.67% | 0.390 | 4.00% | 312,783 | +67 | -36 | DSE | /u/KoalaOfWallStreet | 0.074 | 0.072 | -0.002 | -2.70% | 0.079 | 6.76% | 74,052 | +68 | -1 | MTH | /u/j03l5k1 | 0.026 | 0.025 | -0.001 | -3.85% | 0.026 | 0.00% | 4,320,780 | +69 | -1 | GMV | /u/downfiltermaybe | 0.051 | 0.049 | -0.002 | -3.92% | 0.051 | 0.00% | 583,873 | +70 | -21 | WHC | /u/happiest_turtle | 1.51 | 1.450 | -0.06 | -3.97% | 1.580 | 4.64% | 6,014,127 | +71 | +6 | YOJ | /u/umop3pisdn | 0.089 | 0.085 | -0.004 | -4.49% | 0.090 | 1.12% | 1,826,992 | +72 | +6 | HWK | /u/dskoh1 | 0.018 | 0.017 | -0.001 | -5.56% | 0.020 | 11.11% | 12,562,868 | +73 | +1 | VOR | /u/TheHolyDogeGod6 | 0.215 | 0.200 | -0.015 | -6.98% | 0.225 | 4.65% | 175,445 | +74 | -3 | FLT | /u/oplusi | 11.4 | 10.500 | -0.9 | -7.89% | 11.770 | 3.25% | 3,755,197 | +75 | -3 | QAN | /u/Dromologos | 3.82 | 3.460 | -0.36 | -9.42% | 3.880 | 1.57% | 14,519,980 | +76 | -7 | OSP | /u/SlaughterRain \* | 0.05 | 0.045 | -0.005 | -10.00% | 0.063 | 26.00% | 21,718,467 | +76 | -7 | OSP | /u/superhappykid | 0.05 | 0.045 | -0.005 | -10.00% | 0.063 | 26.00% | 21,718,467 | +77 | +5 | AR9 | /u/Guard1anMeme | 0.195 | 0.175 | -0.02 | -10.26% | 0.195 | 0.00% | 4,051,595 | +78 | -3 | IGL | /u/adembear | 0.875 | 0.785 | -0.09 | -10.29% | 0.925 | 5.71% | 482,601 | +79 | +1 | PAA | /u/The_polite_debater | 0.24 | 0.215 | -0.025 | -10.42% | 0.245 | 2.08% | 1,128,259 | +80 | -19 | KSS | /u/_PixelRage | 0.36 | 0.315 | -0.045 | -12.50% | 0.320 | -11.11% | 1,941,398 | +81 | -2 | DRO | /u/faddishw0rm | 0.13 | 0.110 | -0.02 | -15.38% | 0.140 | 7.69% | 3,423,552 | +82 | -1 | TUA | /u/PM_me_ur_bingo_nos | 0.95 | 0.795 | -0.155 | -16.32% | 1.055 | 11.05% | 1,232,903 | +83 | +1 | DVL | /u/whale465 | 0.037 | 0.027 | -0.01 | -27.03% | 0.037 | 0.00% | 2,059,208 | +84 | -1 | ATH | /u/cashew7272 | 0.049 | 0.035 | -0.014 | -28.57% | 0.051 | 4.08% | 14,503,797 | +85 | +0 | HCT | /u/Grand_Steak | 0.13 | 0.079 | -0.051 | -39.23% | 0.155 | 19.23% | 9,153,951 | +86 | +0 | 2IN | /u/Covid19tendies \* | 2 | 0.6062 | -1.3938 | -69.69% | 2.138 | 6.90% | 69,420,420 | His penis +100 | | **XTRASNAGS** | **SNAGS&PISS /r/ASX_BETS 100 INDEX** | **9271.797** | **9210.0362** | **-61.7608** | **-0.67%** | | | | + +\* *Asterisk denotes invalid submissions, shown here anyway for glory* + +--- + +[THE PURGE ANNOUNCEMENT](https://www.reddit.com/r/ASX_Bets/comments/hkg3bb/10k_members_we_now_begin_the_purge) - [THE PURGE BEGINS](https://www.reddit.com/r/ASX_Bets/comments/hljhng/the_purge_begins) - [MONDAY](https://www.reddit.com/r/ASX_Bets/comments/hm2ey7/the_purge_day_1_virus_what_virus) - [TUESDAY](https://www.reddit.com/r/ASX_Bets/comments/hmp6vs/the_purge_day_2_lockdown_ii_electric_car_boogaloo) - [WEDNESDAY](https://www.reddit.com/r/ASX_Bets/comments/hnc2ni/the_purge_day_3_fuck_off_melbourne_were_full) - [THURSDAY](https://www.reddit.com/r/ASX_Bets/comments/hnyfi7/the_purge_day_4_the_final_lockdown) +Picture this, itā€™s a Tuesday in the life of a crunchy nut, he wants more. He is at work; he isnā€™t saving any lives, he isnā€™t gaining any traction. So what does he do? Decides to do some research for the first time on so called ā€œstock marketsā€. + +Battery day, battery day, battery day. + +Elon musk, a man who visited Australia to fix our solar problem literally on a bet. + +ā€œGet a 100 megawatt system up and running in 100 daysā€ + +As this is a casino, NOT only will I bet a 1 year ban from asx bets , I will put the remains of my dxb shares into any penny stock holdings of the BRN great, Melvin Butters. + +What I bet is the the underdog AVZ will get an honourable mention for the outlook of Tesla. This means Tesla will be using AVZ a lithium supplier. + +Why do I think this ? Great question autists. +Fuck real research of numbers, you donā€™t win the Super Bowl with numbers, you win it from taking a risk and playing to your strengths. +Mine, is talking shit. + +A lack of lithium is coming from current suppliers and with the new factory opening up in Texas , they need more. During Elonā€™s time in Australia, he worked with a board member from avz partnering on the supply and ongoing support for the batteries. + +Looking closer toward avz, their website is created by a company called ā€œgigawotā€ (Coincidence????) which is also the SAME company who upgraded Teslaā€™s website . šŸ¤·ā€ā™€ļø + +Again, letā€™s start acting like a casino. + +Avz will get mention for Teslaā€™s battery day +If not, I will take a year ban and become an aus finance pleb AND I will put my dxb shares any penny stocks suggested by Melvin butters. + +Oh yeah, AVZ just put another 15 mill into itā€™s own lithium project yesterday. + +OH, DYOR ya fucking idiots.... +Ahoy there, + +Looks like some great news for our HISA's. Seriously though, let's dive straight into the degeneracy that is ban bets! + +&#x200B; + +**Updates** + +A subreddit meetup [has been organized](https://www.reddit.com/r/ASX_Bets/comments/ugo743/the_third_asx_bets_meetupafter_the_fall/?utm_source=share&utm_medium=web2x&context=3) so go and get your votes in for the dates in your city. + +&#x200B; + +\- u/this_is_cricket pledged to [buy an entire school ice creams for lunch](https://www.reddit.com/r/ASX_Bets/comments/sijc0u/bet_jrl_will_reach_5_before_end_of_april_if_it/?utm_source=share&utm_medium=web2x&context=3) if **JRL** reached **$5** before the end of April. After topping out at $4.99 the kid will be upset. + +&#x200B; + +\- u/Pure_beautiful_395 won their [ESS bet](https://www.reddit.com/r/ASX_Bets/comments/tbbaa3/comment/i06vytq/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/Stinkyfatwhale is the happiest whale around after busting their barnacles and winning [their bet](https://www.reddit.com/r/ASX_Bets/comments/s7ab10/comment/ht9dixk/?utm_source=share&utm_medium=web2x&context=3). + +They have also fulfilled their [donation](https://www.reddit.com/r/ASX_Bets/comments/tyq8fy/comment/i3v104r/?utm_source=share&utm_medium=web2x&context=3) amendment. + +&#x200B; + +&#x200B; + +**New Bets** + + \- u/power_prince said If ZIP is below 99c come 6th May they'd take a [6 month ban](https://www.reddit.com/r/ASX_Bets/comments/u981io/comment/i5r9zqm/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/dizygraceful bet **TMK** to hit **3 cents** & **TPD** to hit **$100m** market cap by the end of next month or a month in the [sin bin](https://www.reddit.com/r/ASX_Bets/comments/u99bqa/comment/i5ublyg/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/tacomaster33 has put their smarts [to the test](https://www.reddit.com/r/ASX_Bets/comments/u99bqa/comment/i5x41sm/?utm_source=share&utm_medium=web2x&context=3) risking a 1 year ban if **SES** isn't over **30c** 1 week after their annual report + +&#x200B; + +\- u/spaarkaml bet **MAY 31c** by May 31st or [31 week ban](https://www.reddit.com/r/ASX_Bets/comments/u99bqa/comment/i5z2it2/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/Chzakalwe after not being able to bet for 2 months has made and lost another bet on an **FMG** [red week](https://www.reddit.com/r/ASX_Bets/comments/ubfuhl/comment/i641a85/?utm_source=share&utm_medium=web2x&context=3). That'll be 2 weeks for you comrade. + +\- u/blisser_the_sniff took the [opposite side](https://www.reddit.com/r/ASX_Bets/comments/ubfuhl/comment/i641z99/?utm_source=share&utm_medium=web2x&context=3) and by doing so, has asserted dominance. + +&#x200B; + +\- u/poptartape has made a May mega multi. [bet here](https://www.reddit.com/r/ASX_Bets/comments/ubfuhl/comment/i64fhrt/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/proscuittoz will take a 2 week ban for trying to be [optimistic.](https://www.reddit.com/r/ASX_Bets/comments/ubfuhl/comment/i64j8tx/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/Waddobjj87 is looking to lose their third **SYA** bet in a row of 45c by the end of May or [2 week ban](https://www.reddit.com/r/ASX_Bets/comments/ubfuhl/comment/i64kq9a/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/evilshogun bet a week on a **ZIP $1** [party](https://www.reddit.com/r/ASX_Bets/comments/ubz1yd/comment/i679ff9/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/wowvertjosh has sought redemption risking a 3 month ban on a green day of a **TUL** [announcement](https://www.reddit.com/r/ASX_Bets/comments/uc7ef3/comment/i69esm9/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/snoodonuts1536 will take a [week ban](https://www.reddit.com/r/ASX_Bets/comments/ucq66p/comment/i6d89mk/?utm_source=share&utm_medium=web2x&context=3) after betting on a +2% US day + +&#x200B; + +\- u/Pure_beautiful_395 has tried for 2/2 betting **ESS** to have touched **$1** by EOFY or [1 month ban](https://www.reddit.com/r/ASX_Bets/comments/udpwot/comment/i6idps0/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/Instantly-regret won a green **MAY** day [bet](https://www.reddit.com/r/ASX_Bets/comments/udpwot/comment/i6lhijl/?utm_source=share&utm_medium=web2x&context=3) + +\- u/lukeypop also [joined in](https://www.reddit.com/r/ASX_Bets/comments/udpwot/comment/i6llrld/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/dont_forget-to_floss won a **VML** after market [quarterly announcement](https://www.reddit.com/r/ASX_Bets/comments/ue8o1c/comment/i6lq4be/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/slo20 has kept the hopes and dreams of 1stpost alive betting **4DS** will be **25c** or more by the end of July or a [1 month ban](https://www.reddit.com/r/ASX_Bets/comments/udwkf6/comment/i6mu8lz/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/rude_jello_377 proved their worth successfully calling a **QEM** [trading halt cap raise](https://www.reddit.com/r/ASX_Bets/comments/uegy8b/comment/i6njzj9/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/mechengguy93 will be serving a week ban for an RBA [cash rate hold](https://www.reddit.com/r/ASX_Bets/comments/udhefz/comment/i6hb2a4/?utm_source=share&utm_medium=web2x&context=3) and June raise with a green May 3. Luckily this bet didn't involve [eating a hat](https://www.reddit.com/r/ASX_Bets/comments/iv47fk/autist_eats_hat/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/Beardfactory high off hopium has bet **AGN** to touch **double** the current price (42.5c) before the end of June or a [1 month ban](https://www.reddit.com/r/ASX_Bets/comments/ugcoa8/comment/i6zrylg/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/lanpup u/in_dreams_i_fly and u/aureusstone made a 3 way **IVZ** bet. Taking a 1 week ban if it was not [green](https://www.reddit.com/r/ASX_Bets/comments/ugkkpm/comment/i7094hr/?utm_source=share&utm_medium=web2x&context=3), [red](https://www.reddit.com/r/ASX_Bets/comments/ugkkpm/comment/i70bjs9/?utm_source=share&utm_medium=web2x&context=3) or if it was [grey](https://www.reddit.com/r/ASX_Bets/comments/ugkkpm/comment/i70iu7h/?utm_source=share&utm_medium=web2x&context=3) respectively. As a result, u/in_dreams_i_fly will become in dreams I'm not banned. + +&#x200B; + +\- u/dontdothedo has won an **IVZ 30c** by friday or [1 week ban](https://www.reddit.com/r/ASX_Bets/comments/ugkkpm/comment/i7096ti/?utm_source=share&utm_medium=web2x&context=3) bet + +&#x200B; + +\- u/Murakamo has bet **LRD** to touch **50c** by the end of next week or a [2 week ban](https://www.reddit.com/r/ASX_Bets/comments/udpwot/comment/i6il0x0/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/qwertyiantne will take a forever ban if **VML** isn't **10c** by the [end of the year](https://www.reddit.com/r/ASX_Bets/comments/u99bqa/comment/i5qkj6u/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/builtdifferant has enjoyed some good old self-suffering betting **ZIP** to **$2** by the end of May or a [month ban](https://www.reddit.com/r/ASX_Bets/comments/ugkkpm/comment/i70j0lu/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/Texas_tom will take 2 weeks off after calling a [15 basis point](https://www.reddit.com/r/ASX_Bets/comments/uh348b/comment/i73euzd/?utm_source=share&utm_medium=web2x&context=3) move. + +&#x200B; + +\- u/jainilpatel1 has bet is **SYA 50c** by 1st June, or a ban until SYA hits $1. If SYA doesn't hit $1 by the end of the year it becomes permanent. + +&#x200B; + +\- u/a380-king has bet **IXR** to touch **10c** between now and June 30 or [a month ban](https://www.reddit.com/r/ASX_Bets/comments/uhb3ka/comment/i7750o7/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/cohex has bet **RNU 30c** by end of Friday the 13th of May or 2 weeks [holiday](https://www.reddit.com/r/ASX_Bets/comments/uhtgaa/comment/i7928xm/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +**Bans** + +\- u/twofootedgiant will serve a [month long ban](https://www.reddit.com/r/ASX_Bets/comments/t0xm2i/comment/hyfok86/?utm_source=share&utm_medium=web2x&context=3) for their failed bet. + +&#x200B; + +\- u/sufficient_guess2732 will take a [a month's ban](https://www.reddit.com/r/ASX_Bets/comments/twh1zi/comment/i3fxser/?utm_source=share&utm_medium=web2x&context=3) for their failure. + +&#x200B; + +\- u/woodenlife will serve a [2 month ban](https://www.reddit.com/r/ASX_Bets/comments/u33wu8/comment/i4o5ldk/?utm_source=share&utm_medium=web2x&context=3) after their failed double or nothing. + +&#x200B; + +\- u/ayrexxxx will have a month [in the hole](https://www.reddit.com/r/ASX_Bets/comments/tyygi4/comment/i44kw1j/?utm_source=share&utm_medium=web2x&context=3) after their disappointment. + +&#x200B; + +\- u/mrpark3s will have [2 month ban](https://www.reddit.com/r/ASX_Bets/comments/u33wu8/comment/i4nsiqt/?utm_source=share&utm_medium=web2x&context=3) after missing their ZIP 99c party by 1c + +&#x200B; + +\- u/salt_trust4005 has been discovered using alternate accounts [to post](https://www.reddit.com/r/ASX_Bets/comments/uf74ck/comment/i6scxfi/?utm_source=share&utm_medium=web2x&context=3). As such 1 account has been permabanned, 1 has been given some time to think about their actions and they have been flaired to alert you of their shit fuckery. + +&#x200B; + +\- u/backgroundmixture445 will be banned for not coming good on a [proof or ban](https://www.reddit.com/r/ASX_Bets/comments/uik12a/comment/i7dr1im/?utm_source=share&utm_medium=web2x&context=3). + +( u/username-taken82 your Pitchforking fetish has been satisfied...............) + +&#x200B; + +Also a few people have asked for some time outs to take a break. Remember it's always good during days or periods of red to appreciate what matters. Smell the roses, Go for a walk. Watch from the basement window as your wife gets into her boyfriend's Lambo. + +You know, the fun stuff... + +&#x200B; + +**Tick - Tock** + +\- u/bw0p owes us [3k in ANL](https://www.reddit.com/r/ASX_Bets/comments/uegago/took_profit_on_a_penny_stock_where_should_i_place/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**TL;DR** + +Ī¤Īæ 250% ĪŗĪ±ĪøĪ¹ĻƒĻ„Ī¬ Ļ„Īæ ĪµĻ€Ī¹Ļ„ĻŒĪŗĪ¹Īæ ĪŗĪæĻĻ…Ļ†Ī±ĪÆĪ± ĪµĻ€ĪÆĪ“ĪæĻƒĪ· Ī±Ļ…Ļ„ĻŒ Ļ„Īæ Ī¼Ī®Ī½Ī± +As a fellow autist, I only really started investing in March 2020 and have had nothing but great returns on all my ETF and stock picks since then (except the $50 I put into GME). + +After turning 8k into 22k, my monkey brain was starting to think that stocks can only go up up up. I'm genuinely grateful for the recent reminder that this market will chew you up and spit you out. + +I was doing no DD, buying into the hype ie buying Z1P at $13.50 and buying MMI without even knowing what they mine because SimplyWallStreet said they were undervalued. + +I was even starting to convince my partner we should put our emergency savings into stonks too. + +Let's just hope I hold this sentiment after a week of green days as I have a feeling my monkey brain will forget this pain fast. +Just on CNBC. + +Bitcoin -15% on news. + +So rejection of the Winklevoss ETF and apparently rejection of the GBTC etf on the pink sheets which I believe had intended to list on the NYSE. + +https://www.youtube.com/watch?v=EKu7TYWNxqA +Hey PF, +At the age of 19, I started living on my own. I had just moved out of my parents house and they weren't the best when it came to bills. I don't recall one moment in my childhood where bills were discussed and how/when to pay them, how to budget, etc.. I learned some of these things from a manager at an old job but it was very limited..meaning I didn't learn much. Anyways, I moved to Texas with my girlfriend, in a to attempt to get better jobs and continue school. I was able to get better jobs, therefore I decided on getting a 300 dollar Credit card and felt like I was the shit! After some life problems, moving and getting a couple new roommates (This is where I started to go in Debt) I was hopeless. With all of these life changes and stress, I paid my big bills but left some other bills (Such as my credit card) out to dry. Since then, I have left those roommates and live with my girlfriend of nearly 4 years. Since then, I have gotten a better job and currently make 13 dollars an hour and I get paid bi weekly. I typically use one paycheck for rent and one paycheck for most of the other bills, not to mention food,. Bills listed below. + +BILLS +Rent - 520 + +Car loan Payment ā€“ 175.00 + +Electric - 80 + +Car Insurance - 115 + +Phone Bill - 120 + +Spotify - 5 + +Bed Payment ā€“ 38.80 ā€“ amount past due 180.00 + +Credit Card ā€“closed- amount due 558 + +Gas - 40 + +I came from a poor family and was never taught the basics. That was the past, today is now and I can only man up to my debts. At the end of the day, I made some terrible decisions about not paying bills and still do to this day. Which is why I'm posting on here. I really want to be self taught in the correct way of paying bills and budgeting. I want to be bill - stress free! (If there is such a thing) If anyone has any advice on what I should do, please comment. Thank you so much. + +Edit #1 Thank you guys so much for all the love. Hell, even the hate. ALL of it will fuel me to get this small debt taking care of. My next edit will be a completed budget with all of the expenses some of you have asked about - Stay tuned! +When I first applied for this job I was offered $12 an hour, well I got my first pay check and it says regular wage $11. I know this isn't a big difference and it's just a part time job but Is this something I should talk to HR about? + +Edit- Thank you to everybody who commented, I went in and talked to HR services about it. I did not have any proof that I was offered $12 with me but since I work over night that is the starting wage. They apologized for the error and fixed it to the correct amount. +Disclaimer: I do not currently hold ANY GameStop stock and havenā€™t for over a year. + +Ok so by now you may know GME is considering a stock split in the form of a *dividend*. We need to take a closer look at why the dividend matters. + +In the case of a normal stock split, all shares and positions are split. Even split, no change in value. Essentially everybody gets a smaller slice of the pie but all their slices have the same valueā€”this includes short positions. + +Now in the case of a share dividend, letā€™s say +Person A - owns 10 shares of GME +Person B - shorts 10 shares of GME +Person C - counter-party that buys the 10 shorted shares from Person B + +Person A and Person C technically own the same 10 shares simultaneously. In the case of a dividend split, Person Cā€™s shares will be split and they now own 30. However, Person Aā€™s split shares already went to Person C. So it is *Person Bā€™s responsibility to BUY enough shares to make Person A whole again*. Essentially, this dividend will force shorts hands to cover their position prior to the ex-div date. Very smart by move by RC. + +The dividend goes up for a vote by the board on 6/9 lol. + +Special dividend have caused short squeezes in the past, see examples as $OSTK or $BGFV. If you believe that short interest in GME is still high, this could be an interesting play. + +I have no plans to buy GME, but I will be watching closely in the coming months. +So I finally got a great job. I'm being paid 52k which is almost 20k more than what I was making. It comes with benefits and 401k and all that fun bells and whistles. I'm super stoked but I'm starting to wonder about my finances now that I have more income. I would love advice on where to go and little tips and tricks. + +I understand that debt is a no-no. I've been unfortunate enough that I was unable to make a dent in my student loans until now. I have 29k in student loans and a couple thousand in credit card debt that I'm excited to just destroy, however, and a hunger for finally getting out from under it before I'm 30. I'm leaning towards just allocating a substantial sum from my paycheck and throwing it at the debts (my partner is amazing as well and is willing to help with bills in order to get this debt paid for). + +I also want to develop my emergency fund. I've been led to believe that about 6 months of expenses is appropriate. Is that true? I've always had about 3 months, but my partner and I now have a house (mortgages are real fun) and I have two cats, so I would suppose being more prepared for mishaps is a good idea. + +Both of our cars are, thankfully, paid off and my partner doesn't have student loan debt. I keep on top of my bills and I have a little socked away in savings, but I think the crux of it is that I'm not totally sure where to direct myself first. Do I save money first? Do I throw money at debts? Do I do both at the same time? +I graduated college in the spring and have been working for almost six months now. My employer offers an option between a Traditional or Roth 401k, with a decent match. I selected the Roth 401k, figuring that it would pose more benefits to pay taxes now and withdraw at retirement tax-free (assuming tax rates are higher then). I have 100% of my Roth 401k in Vanguard Target Retirement Fund (VLXVX). I chose to do this because it has an asset allocation that is adjusted over the life of the fund and goes from aggressive now to conservative as I get older, and the fund is pretty well diversified on its own. + +Iā€™ve been told to open a Roth IRA by multiple people now, and wasnā€™t sure if having both a Roth 401k and Roth IRA would be counterintuitive or not. For the Roth IRA, I was thinking of splitting it between VTI/VOO and SCHD. Is that a good idea, or is there too much overlap with VLXVX with that? + +My plan whether I stick with a Roth or move to a Traditional 401k is to max out the match, then contribute the rest into my Roth IRA. Any advice would be appreciated, thanks! +Hi Iā€™m 20 years old and new to investing! I just opened up my Roth IRA account with vanguard and I just need some advice on how to actually invest. Iā€™m nervous and donā€™t wanna put all my cash into something and it doesnā€™t work because I made a minor mistake! Iā€™ve tried to find step by step YT videos but canā€™t find any! Please someone guide me through this !!! Iā€™m ready to began my retirement journey. My main page says 2019 $0/6000 2020 $0/6000 what do I do +Hey everyone, + +First I am very thankful that I have found a great job right after graduating from College in May. + +I have accepted an offer to work in Denver, CO with a base salary of 98K/Year. + +Current situation: +Living with family in WA +28K Student Loans +No Credit Card Debt + +I would really appreciate the help on the following or any additional tips. + +1. How to save money on taxes? +2. Should I buy a house, condo or rent first? +3. IRA, 401K Roth IRA? + +I am not sure what else to ask. Please let me know if you guys have anything else to share. + +I am really excited and want to plan my future finances after getting such an amazing opportunity. + +I appreciate your help and time :) +So over the past month I have had some major (positive) changes in my financial and personal life. The most important change was becoming the legal guardiab of my 14 year old brother. My mom is mentally/ physically handicapped and my dad up and left 4 months ago to Missouri to "apartment hunt". Also, the house the little brother lived in was infested with bed bugs so I stepped up and intervened. I have been researching ways to start funneling the money ($300/month) he gets from my parents disability from the state of Wisconsin. Some ideas I had were to start a Roth IRA for him so he can be better setup for success post high school than I was. My parents aren't exactly the organized/future planning type of people. Does anybody have any suggestions on how I should handle his finances? +Also, another major change is Ive incresed my yearly income by 110% and Im starting to have more money than Ive ever had. Any tips or books you reccommend I read so I can create some sort of passive income while I'm young and have the energy to work a lot. The goal is to eventually have enough cash flow from rental real estate to replace my income. Any thoughts? + +Take care guys! +Iā€™ll start. + +It cost me 17% of last yearā€™s income to realize I should paper trade until Iā€™m profitable. Iā€™m not as smart as I thought I was. It was very humbling. +Hi guys, + +Iā€™m a student who has a weekend job which allows me to claim tax back on work related items (Mileage to and from work, uniform etc). How does this tax deduction work if I earn under the tax freshhold? + +Many thanks +Am I the only one who thinks the world has gone insane? + +The hottest stocks out there are ones with price to earnings ratios of 100+ (or some multiple thereof). + +Their only business model is to grow their stock valuation and to put everyone else out of business. + +The "real economy" is approaching 25% unemployment and the first drop in real GDP in decades. + +CEO's say "nothing to see here, move along, wait until 2021 and maybe earnings will be better". + +But people keep buying stocks. Anyone who tries to make money shorting will be drowned out by everyone else's FOMO. + +It's like the Fed pointed a gun to our heads and said "buy tulips, or else." + +This is not a market anymore. +This is something I see a lot of beginners (like myself) struggle with. I'm learning the ropes as far as technical analysis goes, but I have no idea which is a good stock to follow in the mornings. Also, how many stocks should I be following? + +I have a screener set for gapping stocks, but I still have a hard time figuring out which of these to follow. As an aside, from what I'm reading, if you are taking longs, it seems that gapping DOWN stocks would be a better choice in the morning, no? + +Also, when you pick a stock or stocks to follow in the morning, what characteristics are you looking for? + +Much appreciated everyone. + + +[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 was lucky enough to be able to buy a house on an FHA loan about 2 years ago before the market went bonkers here. My job and debt to income ratio was just barely enough to get it. I was only making $14/hr at my full time job and some extra money with my side hustle business. My wifeā€™s mother had passed away and left her a double wide which we sold to cover the down payment on the house. My wife worked when she could, but she has issues that make it difficult for her to work. + +Itā€™s been miserably impossible to keep up with everything. I donā€™t think they should have let us get the loan, because we are one big repair away from getting absolutely screwed. If we sell the house at what the market rate is going for, I can pay off my debts (about $16k worth) and have close to $50k left. Thatā€™s more money than Iā€™ve ever had at one time in my entire life. Iā€™m scared to not have a place to call home for a little bit while we look, but Iā€™m even more scared of losing the house completely. My car is also 12 years old and knocking on 200k miles, so thatā€™s a ticking time bomb as well. + +Is this the best decision? I donā€™t know, but it seems like my only one. Weā€™re gonna use the money to put stuff in storage and find a new place to live, definitely renting. The anxiety of being responsible for my own repairs has been hell for me. Going to trade in the car and get one with some more life in it, hopefully. + +Iā€™m pretty terrified, but things were not looking good, and a clean slate with a relatively large amount of cash seems like a good move, and hopefully I can use some of the money to build my business after we get settled and I can finally crawl out of this poverty hole and not get sucked back in. + +Wish me luck! +Lately I have been watching the numbers go up but feeling like I have less. When I was 21, I took a vacation that cost me around $8,000. I only had around $50,000 to my name at the time. + +Fast forward to many years and lessons later, I would absolutely NEVER take a vacation like that despite having almost 8x the amount of money. I spent $200 in the grocery store (Iā€™m single) the other day and almost fainted. + +Does anyone else feel like this? +Trading/investing is not a get rich quick scheme. Buying on solely what you hear without doing any research into sales, future growth, PE ratio, etc is bound to get you losses. You won't have gains every day. If you fold at the drop of a hat, then the stock market isn't for you. There will be bad days, but it's up to you as an investor to understand that timing the market is dang near impossible. You need to start thinking long-term if you haven't been doing so already. If you're expecting +50% gains, you're lost dude. + +This isn't r/wallstreetbets so stop saying "yolo" and throwing all your money into companies that you're only buying because other people are talking about it. After all, "most news is noise; not news." Remember why you're here. Throwing your money into meme stocks is a good way to end up broke. Don't forget that we're still in the midst of a pandemic in a country whose people turned mask-wearing into a political issue. The possibility that we undergo another lockdown isn't outlandish. + +Do research. Read, for crying out loud. Look at earnings reports. Take everything you hear with a grain of salt. Slow and steady money is much better than losses, so act like it. I'm honestly disappointed in how some of you guys have been acting. It's those kinds of people that keep working 24/7 and hoarding everything in their bank accounts while their money loses value due to inflation. Be responsible. This is the stock market; not a casino + +**Edit:** you guys are free to do whatever you want with your money. Iā€™m simply advising caution. If you want to dump your life savings into something in the midst of a pandemic where 1 in 10 people is hungry/food-insecure, then go for it dude. I wonā€™t be hunting you down. It just gets irritating seeing people buy at all-time highs and acting all surprised Pikachu when they get burned. Iā€™m not exactly innocent. I bought ACB and SNDL a little before and after November 9th, but I got lucky and sold for a profit before things went downhill. Others werenā€™t so lucky. Just have *some* common sense before you do things. Going all in and coming out with a nice profit makes people think that theyā€™re God all of a sudden, and itā€™s sad seeing reality hit them like a bus +In light of recent events concerning Poloniex's business practises concerning the introduction of ETC I will be filing a complaint with the SEC. With their decision to go live with ETC without announcement and the fact that they have in essence stolen all the ETC from people who lent out ETH prior to the fork i believe this constitutes a clear breach of both ethics and responsible business practices (Insider irading, failure to inform relevant parties, etc...). + +Furthermore, my own personal opinion is that allowing ETC trading indirectly funds a criminal organization. With no way to know what these funds will be used for in the future, I find this behaviour careless and dangerous. + +If you feel the same way, I have listed the link for the SEC below: +https://www.sec.gov/complaint/tipscomplaint.shtml + +EDIT: Removed hyperbole from my second argument. Like some users pointed out, it takes away from the credibility of the argument. Furthermore, for all the people claiming im complaining because I lose funds: I have never and will never trade on Poloniex. + + + +Note: Not a silly question from a crypto noob, I work with crypto for a living and I still canā€™t come up with a satisfying answer to this question. This is intended to be a serious discussion. + +For stocks, bonds, etc - well established value. + +For BTC the value proposition is straightforward - sound, hard money - read the bitcoin standard if you havenā€™t already. + +But ETH...it doesnā€™t have a supply cap. Even if Vitalik and friends set a cap, the fact that they can set one at all means they can remove it. For the above reasons it can arguably never be sound money - but ETH never claims to be. Itā€™s effectively a utility token for the ETH VM and underlying tokens. + +As long as thereā€™s PoW, one could argue that the cost of mining backs the value of Ether, in the same sense as a commodity. Not everyone agrees with that - but you can at least make the case. However we all know they intend to eliminate mining within years. What weā€™re then left with is effectively a fiat currency, with interest rates and money supply set by the developers, with theoretical consensus from users. Not exactly the strongest foundation IMO. + +But if itā€™s not meant to be money anyway - presumably we get to the point where utility tokens fade into the background and are programmatically bought and used on an as-needed basis by dapps and wallets, so thereā€™s no reason for people to hoard it. A relatively small amount of ETH with high velocity could satisfy the needs of users under that scenario. + +So at that point, whatā€™s backing the value? The full faith in Vitalik and friends not to undermine the scarcity of the currency? + +I feel like either Iā€™m missing something obvious, or even the current price of ETH is little more than a mass delusion with an expiration date. + + +I recently read this article that described the MV=PQ equality as being a tool for governments to compare the size of their monetary supply with their annual domestic output. According to the author, cryptoeconomists are treading down a slippery slope when they apply this same equality to crytpocurrencies. + +I'm interested in people's thoughts on the legitimacy of MV=PQ in the crypto space, and whether or not this author is making a decent point.. + +https://medium.com/@brian.koralewski/mv-p-que-love-and-circularity-in-the-time-of-crypto-2b84074fa2d2 + +[THINK!!!!](https://i.kym-cdn.com/entries/icons/mobile/000/037/158/thinkmarkthumbnail.jpg) + +Why are we supressing useful information, even if its not favorable to us? This sub should give people ALL the necessary information they need to make a decision on their investment in GME, not just the ones we like. Im still confident in my investment, but seeing all the negative news and questions get downvoted is pissing me off and making me doubt a little bit. We should be FOSTERING OPEN DISCUSSION, not living in make-believe-land. Lets address the elephant in the room: GME Q4 Earnings were not the best. Yes, sales were up, but we had an EPS of -1.94 on continuing operations, which means that while we had a marginal increase in revenue, the actual cost of goods sold has gone up dramatically, explaining the huge loss. Their growth ambitions probably play a part in this, but one can still acknowledge that this is NOT OPTIMAL. + +Remember [yesterdays post from atobitt](https://www.reddit.com/r/Superstonk/comments/tg9es2/please_manage_your_expectations/) about managing your expecations? About the EXPECTED EPS of $0.84, he said: + +> While I hope to see the actual results break these expectations, those are not unrealistic targets. + +So with our numbers of -$1.94, its clear its not what some of us hoped for. + +Another snippet: + +> One thing I look forward to hearing is the inventory turn-over between Q3 and Q4. + +If you look [here](https://i.imgur.com/wpAY51i.png), you can see that Gamestop had an inventory of $1.140 billion at the end of Q3, having stocked up massively in a risky move to avoid supply-chain issues and be prepared for the increased sales in Q4. [This](https://i.imgur.com/N5g9SH4.png) has not paid off yet, only getting rid of ~$200 million of this inventory. While they can of course get rid of that later, this means their risky bet hasn't paid off yet and its just filling their warehouses. WE SHOULD ATLEAST ACKNOWLEDGE THIS. + + +Next, why is a post showing an excerpt from the 10K at 57% downvoted??? It isnt FUD, its an OFFICIAL DOCUMENT filed by Gamestop, showing that they are not planning on releasing a dividend in the near future. + +https://www.reddit.com/r/Superstonk/comments/tgpf9k/get_some_rest_we_are_going_to_be_here_for_a_while/ + +This is important information that should NOT be hidden behind downvoted posts. + +I dont have anything to say about the DRS numbers. Anyone should have used the trimmed average for their expectations anyway, and the real numbers matching ours so closely is honestly pretty lit. Also there were good news, of course, for example the NFT marketplace being released in Q2, which is awesome. + +Still, I believe if we do not address these and future issues and keep reinforcing our own opinions and wishes without critical reflection, not only on us but also Gamestop and their strategy, we are doomed. + +BUY, HOLD, DRS and rock on. + +EDIT: Thanks for everyone who gave their input, you made some good counterpoints and these are the healthy discussions I want to see everywhere! Of course a little hype sometimes is fine :) Also not Im not as wrinkled as many others here, I just wanted to shed a light on this and make everyone aware that we should ALWAYS stay critical. Cheers! +#[Updated UK Version now released here](https://docs.google.com/spreadsheets/d/1v9ENzdoSIVlfAA2SFVFz6KKVAAu5Knv8klde7bN2Qqo/edit?usp=sharing) + +Hey everyone, + +I'm a big believer in community resources and a massive Google Sheets fan, so after a year of work and using it on my own finances I'm releasing my automated Google Sheet to track your entire Networth and Financial situation live and month to month. + +I religiously devour Personal Finance content from all manner of places, and I tried to build all the lessons and rules I've learned into the sheet. I've been using it for around a year now and posted it in a few smaller finance subs where it's been well received by a number of people. + +**Some of the features of the Sheet:** + +- Captures all parts of your financial position (Cash, Stocks, ETFā€™s, Dividends, Super etc.) + +- Live ETF/Dividend/Crypto prices for live insight into your portfolio + +- The cool stuff: Automatically optimizes when & what ETFā€™s to buy + +- Automatically copies your entire financial position when you save your monthly progress. This is great for watching your Networth grow giving you a sense of progression month-to-month. + +- Tracks and gives you feedback on your Savings habits and monthly spend. + +- Cash Savings Targets, I've also added in a House Deposit tracker. + +- Automatic budget that feeds into your ETF purchases & automates your monthly bank transfers. + +- Keeps track of all returns from Stocks/Dividends helping you see whatā€™s working + +- Investment return breakdowns per-parcel and on a holistic level. + +- And a whole bunch of other features, give the sheet a look to see. + +Essentially this sheet only requires you to update a few values each month and will automatically keep track of the rest through a variety of formulas and scripts that run behind the scenes. Feel free to edit them yourself in Tools -> Script Editor. Iā€™ve used this sheet myself for quite a while and it's great to see how I'm saving. As I earn in AUD the Sheet is in AUD, so feel free to find/replace $ for Ā£. + +**[Link to the Sheet here](https://docs.google.com/spreadsheets/d/1v9ENzdoSIVlfAA2SFVFz6KKVAAu5Knv8klde7bN2Qqo/edit?usp=sharing)** + +If you have any feedback please let me know! I'd love to make it better for people. +Didn't think that today would be the day of "*Don't panic*", "*This is just a minor dip*" and suicide hotline posts, but here we are. And what we see is a lot of people panicking in the comments, or attempting to calm their own nerves by telling you guys not to panic and waiting for reassurance in the comments. + +This is why we always say to invest only what you can afford to lose. It's boring, but it's true. + +What I've noticed is that many people here: + +* Don't do their own research, don't care about tech, +* buy cryptos based on Youtuber's shilling videos, +* or based on shilling comments on Reddit, Discord, etc., +* or even worse, pick coins based on names and logos, +* and expect to become millionares overnight. + +These people are here to gamble with, and not to invest in cryptocurrencies that one day might disrupt the global financial system. + +They must've thought they are really smart and lucky with their gains these past few weeks. But in reality, if I asked my dog to pick 5 random coins from the 4th page of CoinMarketCap, I would've made the same gains probably. + +**If today's price movement scared you, or made you panic, you're in deeper than you should be!** +I must admit, the more I hang out around here, the more autistic and jealous I become. I have been trading stocks for 10 years, always playing the long game, done very well, made about 70 grand off of 20-25 over the years, paid off my house back in February thanks to Canopy Growth. But i see all you guys WINNING SO HARD & (mostly) losing (mostly, shhhhh) your asses, but maybe I can be a winner to? + +So I enabled options trading on Robinhood. + +But first, they had to ask me a few questions for my own safety: + +1. How long have you traded options? Me : 0 years +2. Are you a regulator (whatever the fuck this means) : No +3. Do you have a heartbeat? : Yes + +Congratulations! Here's a bunch of credit to ruin your life! + +lmao no shit people are killing themselves every day. + +FYI, I'm not jumping in, my portfolio is autistic enough. + +Edit - at the end of the day, you are 100% responsible for your own decisions. + +https://finance.yahoo.com/news/finra-proposes-limiting-access-leveraged-140000511.html + +Under the regulations being considered by the Financial Industry Regulatory Authority (FINRA), you may not be able to buy leveraged and inverse funds and dozens of other popular investments deemed to be complex unless you: + +ā€¢ Pass a regulator-imposed test of your specialized investment knowledge + +ā€¢ Demonstrate a high net worth + +ā€¢ Get special approval from your broker + +ā€¢ Attest to reading certain materials + +ā€¢ Go through ā€œcooling off periodsā€ during which you canā€™t invest + + +You may submit your comments at https://p2a.co/pjM9M1K The deadline for comments is May 9. + + +[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!* +Although most things on standby now use little electricity, the one main exception seems to be TV ā€˜set top boxesā€™ like Sky Q. + +Now interestingly Sky donā€™t actually admit how much electricity their boxes use (https://www.sky.com/help/articles/sky-q-box-specs) instead simply saying *ā€œTotal Energy Consumption in line with Voluntary Industry Agreement for Complex STBsā€* + +Hmm, that seems a distraction technique, surely they know, or are they too embarrassed to sayā€¦ + +Some Googling turned up some numbers - https://www.avforums.com/threads/sky-q-launched.1993247/page-97 + +Sky Q 1TB Box (ES130) +Passive Standby: 0.4 W +Active Standby: 17.7 W +On: 20.1 W +TEC: 140 kWh/year + +Sky Q 2TB Box (ES140) +Passive Standby: 0.4 W +Active Standby: 26.4 W +On: 34.1 W +TEC: 215 kWh/year + +That means for a Sky Q 1TB Box using 140 kWh a year it will cost Ā£42 a year to leave it plugged in, and Ā£65 for the 2TB box using 215 kWh. + +Not insignificant numbers. +Tasty fire sale dip incoming possible on market open to defend 190 196 or 200 resistance +B&H fellow apes. Brace for impact! Dont fall for it. +Here is your chance to average down if you missed it yesterday + + +This is not financial advice +I am on a crayon diet and know nothing about stock + + + + +https://preview.redd.it/5x68xhoikqr61.png?width=1366&format=png&auto=webp&s=90789b1b76a48a3eced2137550e0e83c796c7f6e +\*\*Can provide proof to mods as needed\*\* + +I called the NYSE at 12:15 ET approx, was transferred over to the trading (floor) help center. I asked - Why was GME halted today on the NYSE? + +\- LULD , Single stock circuit breaker [https://www.nyse.com/products/etp-limit-up-limit-down](https://www.nyse.com/products/etp-limit-up-limit-down) + +Keyword here is " Extraordinary Market Volatility" in the description "On May 31, 2012, the Securities and Exchange Commission (SEC) approved, on a pilot basis, a National Market System Plan to Address Extraordinary Market Volatility, known as the Limit Up - Limit Down ("LULD") Plan." + +\- apparently this is common, somehow I don't quite buy that + +How can the stock (at least based on official graphs) change by (max) approx. 8% and be considered "extraordinary volatility"? (Hit almost 199, and then 163) - something does not make sense. + +It would be nice if NYSE could help us understand how 163 -> 200 is considered extraordinary! Or is it that the stock did hit $500ish and this caused LULD to kick on. Apologies did not have the time for a longer conversation with the folks. They seemed nice though - please do not be disrespectful if you do call the NYSE, the folks on the phone are just doing their job - maybe some of them are even apes ;-) + +I called 18002813659 - simple google search! +***UPDATE: After going back and forth with the credit union I was pretty much told they were not going to check into the counterfeit bills and that any resolution I would get I would not be happy with. Word for word the branch manager said "You're not going to be happy with any resolution we come to." I told him okay, but I'm filing a complaint to the NCUA and filing a police report and terminating my business. The call ends, then a few hours later I get a voicemail saying to send a copy of the receipt from Bank of America showing the confiscated bills. I do this and then two days later my funds are restored. I am satisfied with this result enough to cancel my complaint, although there may be other bad bills in their circulation, and did not close my account. I still sort of feel like closing my account after that line the branch manager gave me, but it's too much a hassle and I have other things to worry about. + +Moral of the story: first off don't be an idiot like me and use cash to pay your rent, and second if you stand your ground and don't take no for an answer you can work things out.*** + +Last weekend I went in the bank and withdrew $385 to pay my rent with. I went hiking and got pretty wet in the process, my wallet included. The bills looked like they got ink soaked in some spots, so I set them out to dry. When they dried I thought they were suspicious and held them up to the light to see if the hologram was visible and it was. I used to be a gas station clerk and if someone paid with these bills they would have looked real to me, so I dropped them in my landlord's deposit box. +A few days later I get a call from her saying my $100 and $50 bill was counterfeit and confiscated by her bank and reported. I immediately call my credit union and explain the situation and they say they will look into it. I call again the day after (yesterday) and "control" is off during the weekends but the lady said in short that it was not possible to prove the bills came from the credit union and that they could not help me. +I'm dumbfounded by this. The banks are the ones who are supposed to catch fake money, not give it out. I can see how with the double handling of the cash they would not authorize my funds being returned, but it just makes me angry this happens. +Most people I've talked to about this ask if maybe the landlord is the origin of the counterfeit bills. I was suspicious of the bills after they had soaked and had a sort of ink stain to them and she said I was the only tenant out of the two who paid in cash that used large bills. +At the very least IQ credit union will no longer be seeing my business. Is there anything I can do? +EDIT: Alright, jeez, I'm not going to pay with cash anymore. I thought it would save my landlord a bit of processing time and paid cash as a courtesy. Still, regardless of the reason a bank should not give out counterfeit bills. I know this is all based on my word which is why I'm just going to have to eat the loss. Expensive lesson. +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! +Check out FXHedge's Twitter. They say a big margin call is coming out Monday. Do an advanced search for the word "margin" for their account (link here: [https://mobile.twitter.com/search?q=margin%20(from%3AFxhedgers)&src=typed\_query&f=top](https://mobile.twitter.com/search?q=margin%20(from%3AFxhedgers)&src=typed_query&f=top)). They have said that margin calls are coming out 3 other times this year, 5/12, 7/19, and 8/18. The next few days after each of these have had been big green days for GME. Specifically the May and August dates seem to have been the beginning of those two runups. I keep seeing people here saying this account is unreliable, but I beg you to look at these dates and decide for yourselves. + +&#x200B; + +5/13 was the first big green day in the May runup, with a low of 146 and high of 170. + +&#x200B; + +7/20 was the biggest green day we had in the months between the May and August runups with a low of 172 and a high of 193. + +&#x200B; + +8/20 was the where we started ramping up in the August runup where we hit 225 2 days later from a low of 150 on 8/19. + +&#x200B; + +Maybe these dates coincidentally land right after the FXHedge tweets, but I certainly wouldn't say they are unreliable. And this is the first time they have used the word "big". I won't hold my breath, but I'm just questioning why so many on here are saying this account has yet to be right. + +Link to today's tweet: https://twitter.com/Fxhedgers/status/1438983011555442689?s=19 + +Edit: as u/nahder pointed out, I missed a date. They also said margin calls were coming on 9/10. The next trading day we saw a $15 rise in price. +What state is the best for fatFIRE with a heavy tilt to economic considerations for living off your investments? Some obvious examples would be the following with *very* broad strokes just to get the conversation going: + +* Florida: No income tax, but it has high property taxes, and you live in Florida which, to be diplomatic, doesn't have the best reputation and can get oppressively hot/humid. But, it's by the ocean, which I consider a big plus and there are pockets where it doesn't seem as "crazy." One the other hand, the ground can [eat you](https://www.cnn.com/2013/03/01/us/florida-sinkhole/index.html) there. + +* Arizona: Relatively lower income tax rates ([for now](https://www.azcentral.com/story/news/politics/elections/2018/08/29/invest-education-tax-measure-kicked-off-november-ballot-redfored/1140338002/)), but in the desert, very hot in the summer, and does not have a meaningful urban city-center like some other states. +* Washinton: No income tax ([for now](https://www.seattletimes.com/seattle-news/politics/state-court-of-appeals-rules-seattles-wealth-tax-is-unconstitutional-but-gives-cities-new-leeway/)), but high gasoline, sales, and property taxes, and very high estate taxes. Also, the weather can be gorgeous during the summer, but cold and bleak the rest of the year. +* Wyoming: No income taxes, and gorgeous countryside, but isolated. +* Nevada: No income taxes, but high sales and other local taxes. Similar to Arizona, but flatter (although Lake Tahoe is nice). + +What are your thoughts? +Hey everybody! + +Sold my company and feeling fabulous, I could continue on with the acquirer (but it seems misereable) or leave with 4M (after tax) right now. I was wondering how you would go about fatFIRE on this given my situation, described here: + +\- Married, 10 years, newborn baby- Own our home +\- 3 bedroom/2 bathroom/yard/nice area, 2.5k taxes, 2k electricity, 1k insurance per year +\- Own a Tesla Model3 and a barely used Hyundai SUV that we use sparingly +\- Will be sending our kid(s?) to public school because they're awesome in our district +\- Live a comfortable middle class lifestyle, was running startup on 115k salary, wife made 60k and we managed to save 30k \*each\* per year, can probably increase our total savings way higher if we actually budget. +\- 500k in of our retirement account- We're Canadian so have public health insurance (yay!) and university will be cheap (my MBA cost 7500$...) + +How would you go about doing fatFIRE with this? We'd like to leave our kids with the nest egg ideally and just live off proceeds but are open to other paths here. Should I work with my banker to figure this out? How do I know I'm not getting screwed? How do you talk about this lifestyle and outcome without sounding like a douchebag to people. +[https://www.bea.gov/sites/default/files/2022-04/gdp1q22\_adv.pdf](https://www.bea.gov/sites/default/files/2022-04/gdp1q22_adv.pdf) + +&#x200B; + + **DP annualized, quarter-over-quarter:** \-1.4% vs. 1.0% expected + +&#x200B; + +The decrease in real GDP reflected decreases in private inventory investment, exports, federal government spending, and state and local government spending, while imports, which are a subtraction in the calculation of GDP, increased. Personal consumption expenditures (PCE), nonresidential fixed investment, and residential fixed investment increased (though not as much as expected). +It's a low volatility stock. + +I don't want to sell naked calls and don't want to own the stock to sell CC. Would a vertical call spread make sense here? Any other strategies? + +&#x200B; + +Thanks! +I feel like I have to be missing something here. + + +$ZIM is paying an insane $17 dividend to shareholders this quarter. Ex dividend date is 3/22, payment on 4/4. April put options seem to be pricing this massive downwards move in, but the call options do not. I understand the risk of assignment for ITM calls, but what about OTM? Barring a big move in the next week why would an 80/90 or 85/100 spread be a risky play? + +https://preview.redd.it/1k6ybjqmn7n81.png?width=1412&format=png&auto=webp&s=d64ca3b2314ef611f5761110ca126590dc0bb583 +I hung up immediately and called back Apple support (which freaked me out even more because the caller ID was also ā€œApple inc.ā€ and displayed the Apple logo). I was already pretty sure it was a spoofed call but the logo was a nice touch. Keep an eye out and never give information to numbers that call YOU. +I used a very popular Agent to buy my first house hack. He had a ton of reviews on Redfin, Yelp, etc. Iā€™m now 15 months after closing and Iā€™ve had nothing but issues. I realize now this was a terrible investment. My agent told me and posted all over his IG that his niche is ā€œmulti unitsā€ and heā€™s an ā€œinvestors agentā€. We reviewed my cash flow numbers multiple times. Those numbers never came true. He underestimated maintenance, yard care, and just overall construction of the house. This is an older 3 flat in Chicago and the mechanics of the house are a disaster. When talking to him afterward I realized he doesnā€™t own any multi units himself so he just isnā€™t familiar with the nuances of landlording. + +Planning on buying my next multi unit in a year and will only use a Agent who is TRULY familiar with being a landlord himself. No exceptions. +As I said I make 40k right now, but as I understand it, the new law will require all salaried employees below 47,500 to get overtime. This doesnt start til Dec 1st, so there is still time. However I want to make sure he knows. I hear that either he has to increase my salary or factor in overtime if I work over 40, which I usually do around 55 to 60. Has anyone in a similar position confronted their bosses? I don't want to let it go and not get what I'm worth. +So, for anyone who follows Elon Musk on Twitter, you know he has a favorite account. He interacts with it more than any other account, because it constantly strokes his ego. And this account is constantly encouraging Elon Musk to pump Dogecoin. He has obliged on several occasions. + +Some people have even speculated that "@itsALLrisky" is Elon Musk himself, because he interacts with that account. I had a simpler theory: Elon Musk is a horny narcissist who loves the idea that this hot woman has centered her life around him and Dogecoin. Elon, bro, you got played. + +https://preview.redd.it/06ydr0kaaqx61.png?width=594&format=png&auto=webp&s=6218ec5863997c3f0d2ad53ee9ecc55ab4633dd7 + +I tracked down the original profile photo on Instagram. It's a model who never once has posted about dogecoin on her IG page. I added the side photos to the image thread for proof that I found it. That particular photo of hers, the one used by "@itsALLrisky" went viral on Tumblr. I found that people with fake accounts love it because of the partially obscured face. + +Then I checked to see who "@itsallrisky" originally followed on Twitter. A bunch of young tech bros. The first person "@itsALLrisky" followed is "Mike," a drop-ship marketer and digital ads tech bro. + +Interesting. Either this model created a Twitter account to pump dogecoin. Or some tech bros stole her photo and successfully used her image to catfish Elon Musk into pumping Dogecoin. + +Today I went and looked at the pre-2019 Twitter history for "@itsALLrisky" back when this hot model answered by the name of...can you guess it: "Mike," the very first person followed by "@itsALLrisky" who happens to be a digital marketing pro. + +Elon's tweets have added billions to the market cap of Dogecoin, so I think it's relevant news that he's been catfished into pumping dogecoin by some tech bros. Dogecoin is a multi-billion dollar honey trap. Watch out for bears lol šŸ¤£ + +Supporting screen grabs: + +[https://imgur.com/a/yuJYKGy](https://imgur.com/a/yuJYKGy) +**NOT ADVICE. Just sharing some information I stumbled across** + +Hi everyone! + +I saw Chris Pratt looking embarrassed and being too afraid to ask why all the apes love the lowest of low volume. A lot of answers on the thread were confusing and only partially right. For example, one said "It means no one's selling!" one said, "No one's buying!" and one said, "Obviously it's both..." + +Obviously they are all kind of right, the last guy is the most right, but all of them are sort of missing the bigger picture. No one cares how many shares are traded as long as the stonk šŸš€šŸŒ• + +The question is not why do apes love low volume, the question is what does low volume have to do with the price going up. + +Here is an article from the elder sub about what volume means for stock price movement. Take this information with a grain of salt. As with all assumptions about the stock market, you have to also assume a free and unhindered market for that stock (ROFLMAYO) + +Regardless, I still refer to this because it makes watching the ticker more fun. It's full of juicy tidbits like: + +"Falling volume means that a trend is likely to reverse, whether price is going up or down, it applies to both" + +And + +"As a rule of thumb, if todays volume is higher than yesterdayā€™s, it means that a trend is likely to continue" + +And + +"The true bottom of a stock occurs on low volume and is always retested at low volume. If it stays the same then this is a great buying opportunity" + +That last one. I absolutely love that last one. + +All credit to u/tonymontanaisnice for the awesome post that made my brain feel a little more wrinkly. + +Have a great weekend everybody, and have a safe trip to the MOASS party! + +šŸ’ŽšŸ‘šŸ¦šŸš€šŸŒ• + +šŸ¦šŸ¤ÆšŸŒŽ + +That's what my first attempt looked like but then my link to "the elder sub" got bounced so here's the post almost in it's entirety. Check out u/tonymontanaisnice for the original and part 2! + +Volume + +-A trend that moves on steady volume means that its likely to continue aka price is rising or price is lowering + +-Falling volume means that a trend is likely to reverse, whether price is going up or down, it applies to both + +-A burst of extremely high volume means that its trend is likely to reverse. Usually when the stock reaches its peak or when all of a sudden it crashes, keep your eye on the volume + +-If there is Low volume and the price stays the same, it usually means thats this is the new normal price. People are unfazed by slight price changes here, this is the new normal + +-A second price breakout after one just occured is usually marked by yet another high volume spike. It usually means losers are heading for the exit because theyve been bag holding and cant take the pain anymore or bulls are jumping back in + +-a price breakout in low volume means that its fake, the price will recoil + +-rising volume during a rally(after a stock crashed)means that even though the bagholders are leaving, new losers are coming in + +-When volume shrinks during a rally, it means that bulls arent as eager to keep buying at these high prices. Fuel is being removed from this ship. A reversal is imminent + +-When volume dries up during a decline, it usually means a reversal. That is the bears are no longer shorting and the intelligent bulls who got out a long time ago are ready to pounce yet again + +-As a rule of thumb, if todays volume is higher than yesterdayā€™s, it means that a trend is likely to continue + +-Volume is relative, what is high for ibm may be low for apple. What is low for apple may be high for ibm + +-As a rule of thumb, high volume is 25% higher than the avg volume of the past 2 weeks and low volume is 25% lower than the avg volume of the past 2 week + +-High volume confirms new trends. If prices rise to a new peak, and volume reaches a new high, then prices are likely to retest, that is go below the peak and come back to the peak to see if it can exceed it or go back down. + +-If a stock falls to a new low, and volume reaches a new high then that bottom will also retest- that is go up and come back down to that bottom to see if it goes even lower or stays there + +-the true bottom of a stock occurs on low volume and is always retested at low volume. If it stays the same then this is a great buying opportunity + +-if volume shrinks during an upwards or downwards trend then that trend is ripe for a reversal + +-When a stock reaches a new peak than it was yesterday, but the volume is lower today than yesterday- this is a great shorting opportunity, that is: Now is the time to sell or time to buy puts + +This does not work on a downwards trend as a stock can keep going down even with low volume. It takes buying to move a stock up, but a stock can go down on its own weight + +-Watch volume during a reaction against the upward trend(aka panic selling). If the dip continues but volume shrinks, it means bulls are no longer running or selling pressure is spent. When the explosion of selling volume dries up, then it means that the upwards trend will resume. This presents a good buying opportunity or to buy calls + +-Many downtrends are punctuated(occurs at intervals) by rallies(price goes up momentarily)which begin on heavy volume. These shake out weak bears which causes volume to shrink and gives a signal to sell short~ this means that short sellers are now sure that the stock will crater because no more rallies + +Edit + +Oh the post is called "volume the final frontier and why it'll help you make money". If that counts as sharing please let me know I'll remove it. + +How could I forget the y + +TL;DR Buy and HODL šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + +u/wiglyworm had a good note to add + +You might consider adding that for thinly held stocks such as GME, higher volume always means more significant price movement. + +No one wants to sell and even if the price would make some consider selling, buyers looking for 1,000s of shares or more are only going to find them in ones and twos at a time. The price naturally will chew through the order book too fast. + +We recently had a day with a major spike in PE market and continued into market open. We were getting volume at the level of about 8M per hour and the price was up almost 50 pts before buy pressure was magically shut off and the price was slammed. + +Consider that and now consider that when the shorts close their positions, there will be 100s of millions buys per hour. +Just a quick post amongst my peers making a go at this. I was having a great week learning the ropes, only following my patterns. I was up $60 for the week trading only $100 worth of stock at a time. + +Then EYES news came across the chats and I saw that baby going up and up and FOMO got the best of me. I scalped a win and then I wanted more. + +Thatā€™s when it all broke down. I started losing big. Then I went and upped quantity trying to get it back just killing my self every time. Before I knew it I was full tilt not even thinking straight and just entering into any trade trying to get that money back. + +I am trading in very small quantities right now as I learn and solidify my strategy. I didnā€™t lose a lot in the large scheme of things but it threw me off for the rest of the day with shame of breaking my rules, losing, and knowing better. I know in my head to not chase stocks at all. But it just looked too good. I am glad to learn this lesson now because it messed me up mentally and emotionally for the rest of the day. It could have been so much worse if I was trading large quantities. + +I donā€™t have a local community to talk about these things so I thought Iā€™d post here. Resist the urge! The one time you win is not worth all of the times you will lose big. Stick to your strats! +I've been spending the last few weeks browsing this sub and other related sites trying to gauge sentiment and see what other investors like myself (who are on the sidelines) have been thinking about the current market. General consensus seemed to share the opinion that we are only a few weeks into the crisis and things will get worse before they get better. However, since then the Fed has stepped in with unprecedented action and now there is a new stimulus package expected to pass this week. Has anyone's outlook changed? + +A few of the stocks on my watch list (TSLA, DIS, SQ) have seen a massive rally over the last two days and I'm kicking myself for not budging. I'm too stubborn to buy in now but I have this terrible feeling that I will be left on the sidelines while the market begins to make a recovery. +&#x200B; + +[Every Monday - Friday at 7am](https://preview.redd.it/pk2qzlfl1o981.png?width=1600&format=png&auto=webp&s=ae8a198ed3d668313885fd6dcc9a1ccd1be324ad) + + + +*GOOOOODDDDD MORNNNNININNNNNNGGGGG SSSSUUUPEERRRRR SSSSTOOOOOOOONNNNNNK!* + +I am [u/Odd-Ad-900](https://www.reddit.com/u/Odd-Ad-900/) and I am your mildly unhinged morning news anchor. + +Yes, I took my Reddit given name. No, I am not "new". Calling me a shill? MGGA Please... (psshhhh) + +**I want to give A Big thank you to my news team** [**u/blazlyn**](https://www.reddit.com/u/blazlyn/)**,** [**u/viviconsadventures**](https://www.reddit.com/u/viviconsadventures/)**,** [**u/tokyorose**](https://www.reddit.com/u/tokyorose/) **and our very own mods** [**u/dismal-jellyfish**](https://www.reddit.com/u/dismal-jellyfish/)**,** [u/Hipz](https://www.reddit.com/u/Hipz/)\*\*,\*\* **and** [**u/luma44**](https://www.reddit.com/u/luma44/) **You guys are the best! And I couldn't do this without you.** + +Can You Smell That? It smells like the fire that will consume Rome. It will be a great show... kinda like hanging with Tyler Durdin in the financial district... + +God I love this job. + +Insert NON-FLACCID intro card: + +https://preview.redd.it/1i5ef35a3o981.png?width=680&format=png&auto=webp&s=4f0009653306b2744b28a63bce484cf26eb855df + +&#x200B; + +&#x200B; + +Yesterday, this news story caught traction on the sub even though it didn't catch media attention. Here is a link to the data the news story is reporting on. We have made some waves so far in the financial world. Well this, this is a fucking tsunami. I am actually in a little disbelief and I know I shouldn't be. This is concrete proof that the government is operated by the banks. We've always known this... but this is proof. Liquidity crisis in 2019? You mean at the exact same time Covid 19 began rising in China? Yeah. + +I mean, we should be numb to this right? I mean... we "KNOW" the levels of fuckery going on. We know that this reaches into the deepest depths of our government. It is probably deep enough to come right to our hometowns in a "trickle down" fashion. But still... why the fuck are we not doing anything about it? + +The kind of systemic change that is going to be required cannot happen through a chatroom. And DC is completely under control from the banks. So WHAT ARE WE GOING TO DO? u/Loopring? Any ideas? u/DeepFuckingValue? + +Oh yeah... HOLD + +This is a link to the dataset. + +[https://www.newyorkfed.org/markets/OMO\_transaction\_data.html#rrp](https://www.newyorkfed.org/markets/OMO_transaction_data.html#rrp) + +u/Far_Bass_7284 made the news story into comments on [u/Jolly-Conclusion](https://www.reddit.com/user/Jolly-Conclusion/)'s post. + +*Four days ago, the Federal Reserve released the names of the banks that had received $4.5 trillion in cumulative loans in the last quarter of 2019 under its emergency repo loan operations for a liquidity crisis that has yet to be credibly explained. Among the largest borrowers were JPMorgan Chase, Goldman Sachs and Citigroup, three of the Wall Street banks that were at the center of the subprime and derivatives crisis in 2008 that brought down the U.S. economy. Thatā€™s blockbuster news. But as of 7 a.m. this morning, not one major business media outlet has reported the details of the Fedā€™s big reveal.* + +*On September 17, 2019, the Fed began making trillions of dollars a month in emergency repo loans to 24 trading houses on Wall Street. The Fed released on a daily basis the dollar amounts it was loaning, but withheld the names of the specific banks and how much they had borrowed. This made it impossible for the public to see which Wall Street firms were experiencing the most severe credit crisis.* + +*It was the first time the Fed had intervened in the repo market since the 2008 financial crash ā€“ the worst financial crisis since the Great Depression. The COVID-19 crisis remained months away. The first reported case of COVID-19 in the U.S. was not reported by the CDC until January 20, 2020 and the World Health Organization did not declare a pandemic until March 11, 2020.* + +*The dollar amounts of the Fedā€™s repo loans grew to staggering levels. On October 24, 2019, we reported the following:* + +*ā€The New York Fed will now be lavishing up to $120 billion a day in cheap overnight loans to Wall Street securities trading firms, a daily increase of $45 billion from its previously announced $75 billion a day. In addition, it is increasing its 14-day term loans to Wall Street, a program which also came out of the blue in September, to $45 billion. Those term loans since September have been occurring twice a week, meaning another $90 billion a week will be offered, bringing the total weekly offering to an astounding $690 billion. It should be noted that if the same Wall Street firms are getting these loans continuously rolled over, they are effectively permanent loans. (Thatā€™s exactly what happened during the 2007-2010 Wall Street collapse: some teetering Wall Street casinos received, individually, $2 trillion in cumulative loans that were rolled over for two and one-half years ā€“ without the authorization or even awareness of Congress or the American people. One bank, Citigroup, received over $2.5 trillion in Fed loans, much of them at an interest rate below 1 percent, at a time when it was insolvent and couldnā€™t have obtained loans in the open market at even high double-digit interest rates.)ā€* + +*Under the Dodd-Frank financial reform legislation of 2010, the Fed was legally required to release the names of the banks and the amounts they borrowed ā€œon the last day of the eighth calendar quarter following the calendar quarter in which the covered transaction was conducted.ā€ The New York Fed released the information for the third quarter of 2019 last Thursday, a day earlier than required. We reported on it the following day.* + +*Those Fed revelations, that had been withheld from the American people for two years, should have made front page headlines in newspapers and on the digital front pages of every major business news outlet. Instead, there was a universal news blackout of the story at the largest business news outlets, including: Bloomberg News, the Wall Street Journal, the business section of the New York Times, the Financial Times, Dow Jonesā€™ MarketWatch, and Reuters.* + +*Could this critically important story have simply slipped by all of the dozens of investigative reporters and Fed watchers at these news outlets? Absolutely not. The Fed was required to release its repo loan data and names of the banks for the span of September 17 through September 30, 2019 at the end of the third quarter of this year. We reported on what that information revealed on October 13. Because we were similarly stunned by the news blackout on that Fed release, out of courtesy we sent our story to the reporters covering the Fed for the major news outlets. Our article alerted each of these reporters that a much larger data release from the Fed, for the full fourth quarter of 2019, would be released on or about December 31. The data was posted at the New York Fed sometime before 1:23 p.m. ET last Thursday.* + +*A The most puzzling part of this news blackout is that the majority of the reporters who covered this Fed story at the time it was happening in 2019, are still employed at the same news outlets. We emailed a number of them and asked why they were not covering this important story. Silence prevailed. We then emailed the media relations contacts for the Wall Street Journal, the New York Times, the Financial Times and the Washington Post, inquiring as to why there was a news blackout on this story. Again, silence.* + +*Next, we emailed a number of reporters who had covered this story in 2019 but were no longer employed at a major news outlet. We asked their opinion on what could explain this bizarre news blackout on such a major financial story. We received emails praising our reporting but advising that they ā€œcanā€™t comment.ā€* + +*The phrase ā€œcanā€™t commentā€ as opposed to ā€œdonā€™t wish to commentā€ raised a major alarm bell. Wall Street megabanks are notorious for demanding that their staff sign non-disclosure agreements and non-disparagement agreements in order to get severance pay and other benefits when they are terminated. Are the newsrooms covering Wall Street megabanks now demanding similar gag orders from journalists? If they are, weā€™re looking at a form of corporate tyranny previously unseen in America.* + +*The history of Bloomberg News came to mind. That news outlet had previously come under fire for spiking stories that may have been counter to the business interests of its billionaire owner Michael Bloomberg, who derives his billions of wealth from leasing the Bloomberg data terminal to Wall Streetā€™s trading floors around the world.* + +*On March 11, 2016, Matt Winkler, Editor-in-Chief-Emeritus at Bloomberg, wrote a sycophantic piece titled ā€œStop Bashing Wall Street. Times Have Changed.ā€ Winkler wrote a fantasy view of where things stood at the time:* + +*ā€One of the reasons the American economy is performing better than any of the largest in Asia and Europe is that its regulators have repaired the damage of the financial crisis and the worst recession since the Great Depression. Led by the Federal Reserve, they replaced incentives for reckless speculation with catalysts for old-fashioned credit creation backed by levels of capital that are unprecedented in modern times.ā€* + +*Winklerā€™s column was an egregious coverup of the ā€œreckless speculationā€ that continued on steroids on Wall Street. The megabanks were trading their own stock in their own dark pools ā€“ which continues to this day. The Office of the Comptroller of the Currency would report that as of March 31, 2016, just four banks held 91 percent of $192.9 trillion in notional derivatives held by all banks and savings associations in the U.S. Those four banks were JPMorgan Chase, Citigroupā€™s Citibank (which blew itself up with derivatives in 2008), Goldman Sachs Bank USA, and Bank of America ā€“ the same banks that were taking giant sums from the Fedā€™s emergency repo loan facility in 2019.* + +*Also in 2016, Michael Bloomberg showed very poor judgement in co-authoring an OpEd with Jamie Dimon, Chairman and CEO of JPMorgan Chase, a man who should have been the target of investigative reporting by Bloomberg journalists for an unprecedented crime spree at his bank.* + +*In 2015 Politicoā€™s Luke Oā€™Brien deeply reported the details of a Bloomberg News article that was critical on China and appeared to have been spiked to preserve business sales of the Bloomberg terminal in that country.* + +*And then there are those strange associations with felony counts or fines at Wall Street banks and those expensive Bloomberg terminals. The chat rooms that facilitated the rigging of the Libor interest rate benchmark and the criminal charges that came out of the rigging of foreign exchange trading were tied to chat rooms on the Bloomberg terminals. According to the late Bloomberg reporter, Mark Pittman, the Bloomberg terminal also had the capability of allowing hedge funds to find the worst subprime dreck in the market, making it possible for hedge funds like John Paulsonā€™s to short the market while getting banks like Goldman Sachs to sell the other side of the deal to its unwitting investors.* + +*On November 20, 2019, Brian Chappatta, who still works for Bloomberg News, wrote this about the Fedā€™s emergency repo loans under the headline ā€œFed Throws the Kitchen Sink at Short Rates and Still Strugglesā€:* + +*ā€Consider all the steps the Fed has taken since Sept. 16 just for \[Fed Chair\] Powell to get to the point where he thinks funding markets are under control:* + +*ā€Sept. 17: The New York Fed conducts its first overnight system repurchase agreement in a decade, taking in $53.2 billion of securities.* + +ā€œ*Sept. 25: The New York Fed increases the size of its overnight system repurchase agreement operations to a $100 billion maximum, from $75 billion previously, and also raises the limit on its 14-day term repo operation to $60 billion from $30 billion.* + +ā€œ*Oct. 11: The Fed announces it will purchase $60 billion of Treasury bills a month and will keep doing so ā€˜at least into the second quarter of next year.ā€™* + +ā€œ*Oct. 23: The New York Fed boosts the size of its overnight repo offerings to at least $120 billion, a size it is set to maintain through at least Dec. 12.* + +ā€œ*Nov. 14: The New York Fed says it will conduct two repo operations, each with terms of 42 days, on Nov. 25 and Dec. 2. With maximum sizes of at least $25 billion and $15 billion, these would carry past the end of the year. Taken together, itā€™s readily apparent that Fed officials are throwing the kitchen sink at the short-term funding markets and hoping theyā€™ll settle downā€¦.ā€* + +*Numerous other Bloomberg News reporters wrote about the Fedā€™s emergency repo operations in 2019 and early 2020, including Liz McCormick, Adam Tempkin, and Alex Harris. And yet, today, not one of them has revealed to the American people that the very same megabanks that were drinking at the Fedā€™s trough in 2008 were back again at the trough in 2019.* + +*One of the most inquisitive reporters in September 2019 when it came to what had led to the Fedā€™s hasty interventions in the repo market was Francine McKenna, who at that time reported for the Dow Jones affiliate, MarketWatch. Less than two months later, according to her LinkedIn profile, McKenna no longer worked for MarketWatch. She had gone independent, publishing The Dig, a newsletter at Substack. On November 3, 2019, McKenna reported as follows at The Dig on the ongoing repo crisis:* + +ā€œ*One of the opinion writers at Market Watch wrote late last week that the Fed is in ā€˜stealthā€™ intervention mode after the Fed injected $99.9 billion in temporary liquidity into the financial system and $7.5 billion in permanent reserves as part of a program to buy $60 billion a month in Treasury bills.* + +ā€œ*But market demand for overnight repo operations far exceeded even the $75 billion the Fed allocated. So, on Wednesday, the Fed added $45 billion in addition to the $75 billion repo facility for a daily total of $120 billion.* + +ā€œ*Thereā€™s nothing stealth about continuing to pump billions into the repurchase market long after it said it would be needed.* + +ā€œ*The Fed originally said it planned to conduct daily repo operations until October 10. That intervention has now gone on beyond the end of the month of October with no end in sight.* + +ā€œ*Something is cooking but no one who knows what is telling the rest of us who is suddenly chronically illiquid.ā€* + +*Obviously, the banks that were borrowing the largest sums on a perpetual basis from the Fed were the ā€œchronically illiquid.ā€ JPMorgan Chase and Citigroupā€™s Citibank are among the largest deposit-taking, federally-insured banks in the U.S. Americans have an urgent need to know why they needed to borrow from the Fed on an emergency basis in the fall of 2019.* + +*Weā€™ve never before seen a total news blackout of a financial news story of this magnitude in our 35 years of monitoring Wall Street and the Fed. (We have, however, documented a pattern of corporate media censoring news about the crimes of Wall Streetā€™s megabanks.)* + +*Theories abound as to why this current story is off limits to the media. One theory goes like this: the Fed has made headlines around the world in recent months over its own trading scandal ā€“ the worst in its history. Granular details of just how deep this Fed trading scandal goes have also been withheld from the public as well as members of Congress. If the media were now to focus on yet another scandal at the Fed ā€“ such as it bailing out the banks in 2019 because of their own hubris once again ā€“ there might be legislation introduced in Congress to strip the Fed of its supervisory role over the megabanks and a restoration of the Glass-Steagall Act to separate the federally-insured commercial banks from the trading casinos on Wall Street.* + +*Why might such an outcome be a problem for media outlets in New York City? Three of the serially charged banks (JPMorgan Chase, Goldman Sachs and Citigroup) are actually owners of the New York Fed ā€“ the regional Fed bank that played the major role in doling out the bailout money in 2008, and again in 2019. The New York Fed and its unlimited ability to electronically print money, are a boon to the New York City economy, which is a boon to advertising revenue at the big New York City-based media outlets.* + + + +&#x200B; + +Rome is on fire. + +https://preview.redd.it/i9c2qomc4o981.png?width=1920&format=png&auto=webp&s=eb05f6f035b16a2358a1b46dde7526d61486cee0 + + As always, thank you to the real wrinklies out there. If it weren't for all you, I would have paperhanded a long time ago. + +[u/Additional-Ad5055](https://www.reddit.com/u/Additional-Ad5055/) (wEB3, ZK, ELI5 Guy) + +[u/wetdirtkurt](https://www.reddit.com/u/wetdirtkurt/) (Market Watch Butthole Guy) + +[u/Pharago](https://www.reddit.com/u/Pharago/) (Today's The Day) + +[u/earthysoup](https://www.reddit.com/u/earthysoup/) (OG Trading Sideways Guy) + +[u/BadassTrader](https://www.reddit.com/u/BadassTrader/) (Dorito of DOOM guy) + +[u/mr\_boost](https://www.reddit.com/u/mr_boost/) (Ape News Network | Sign Guy) + +[u/Parsnip](https://www.reddit.com/u/Parsnip/) (German Market Guy | DiamantenhƤnde) + +[u/gherkinit](https://www.reddit.com/u/gherkinit/) (Daily Technical Analysis) + +[u/DR7KE](https://www.reddit.com/u/DR7KE/) (scales Treasury Balance Guy scales) + +[u/pctracer](https://www.reddit.com/u/pctracer/) (Reverse Repo Market Updater) + +[u/JTH1](https://www.reddit.com/u/JTH1/) (Floor Guy Stonkdate) + +[u/DeepFuckingValue](https://www.reddit.com/u/DeepFuckingValue/) (Not A Cat) + +[u/atobitt](https://www.reddit.com/u/atobitt/) (DD) + +[u/Criand](https://www.reddit.com/u/Criand/) (DD) + +[u/Dismal-Jellyfish](https://www.reddit.com/u/Dismal-Jellyfish/) + +[u/peruvian\_bull](https://www.reddit.com/u/peruvian_bull/) (DD addict) + +[u/yelyah2](https://www.reddit.com/u/yelyah2/) (legendary apette) + +[u/ButtFarm69](https://www.reddit.com/u/ButtFarm69/) (no introduction needed) + +[u/LeftHandedWave](https://www.reddit.com/u/LeftHandedWave/) (RRP Explainer Extraordinaire) + +[u/Chared945](https://www.reddit.com/u/Chared945/) (The Front Deskman) + +[u/kvlyc](https://www.reddit.com/u/kvlyc/) (prolific REAL news poster) + +Thank You All for your Diamond Hands and Dedication to Rebuilding the World. + +Edit: [u/DennisFlonasal](https://www.reddit.com/u/DennisFlonasal/) ***IS*** (an absolute dumbass) +$Milk and $Butter now listed on Coingecko! + +Coingecko listings +Milk: https://www.coingecko.com/en/coins/milk-token +Butter: https://www.coingecko.com/en/coins/butter-token + + +Milk and Butter tokens, for those that havenā€™t heard, are companion tokens in the Binance Smart Chain with an emphasis on charity giving. Milk is an RFI token that can be staked to generate Butter, which is used to power community voting for their favorite charities on a weekly basis. Those that merely wish to vote may purchase Butter tokens on the open market as well, which also drives rewards for those that stake Milk! +https://www.milktoken.net/voting.html + +5% of all Milk transactions are guaranteed to go to a charity wallet. In addition, Butter can be used to suggest new charities. +https://www.milktoken.net/suggest.html + +$25,000 has been donated to charity so far, with a market cap of only 800K. We made crypto history when Butter became the first BEP-20 token to partner with a major food charity: Food For Life Global https://ffl.org/20077/cryptocurrency-butter-token/ + +The liquidity for both the Milk and Butter tokens is locked away until 2022, at which point both will be relocked. Our Market cap is still low with a solid base, we're building our community for healthy growth, and weā€™ll continue to develop this project with many exciting use cases plus a full array of features to be rolled out as development completes. + +Each week the Milk and Butter token team hosts AMAs with the Developer on Twitch where the community can ask any questions they may have. Occasionally, we have guests, last week the CEO of ā€œFood For Life Globalā€ joined us and explained the amazing genesis of ā€œFood for Life Globalā€ and took viewer questions. Our next AMA is TONIGHT at 3am UTC https://www.twitch.tv/milkbuttertoken + +Roadmap: +ā€¢The first NFTs for voting are releasing this week! +ā€¢Next week gamification of Butter begins with lotto/bingo games being implemented. +ā€¢The voting and staking processes will continue to be refined to make the experience as easy and accessible as possible. +ā€¢Planned instructional content to help those new to crypto learn about the space and how to purchase and use the Milk and Butter tokens. + +Accomplishments so far: +ā€¢Code built from the ground up to develop both tokens. +ā€¢Unique staking and voting systems implemented. +$25,000 donated to various charities in the first month. +ā€¢Official global charity partnership with ā€œFood For Life Globalā€ being the first of many. +ā€¢Milk has been [audited](https://dessertswap.finance/audits/Milk%20Token%20BEP-20%20Audit%206361622.pdf) with Butter audit on the way +ā€¢The developer is [doxxed ](https://christianclaypool.wordpress.com/about/) +ā€¢Milk and Butter LLC is established with full team being doxxed next week. + +Links: +[Website:](https://milktoken.net/)ā€‹ā€‹ + +[Twitter:](https://twitter.com/milk_token) + +[Instagram:](https://instagram.com/milkandbuttertoken?igshid=1tzj1h32o7ywq) + +[Telegram:](https://t.me/joinchat/0n0OjClujAY1NTE5) + +[Reddit:](https://www.reddit.com/r/MilkToken/)ā€‹ā€‹ + +[Discord:](https://discord.gg/MdhYMeEKjQ) + +[YouTube:](https://youtube.com/channel/UCJ-R-QzIZVB3nMUFiVva95A) + +CMC: https://coinmarketcap.com/currencies/milk-token/ + +$MILK [Market Cap](https://charts.bogged.finance/?token=0xb7cef49d89321e22dd3f51a212d58398ad542640) + +$BUTTER [ Market Cap](https://charts.bogged.finance/?token=0x0110ff9e7e4028a5337f07841437b92d5bf53762) + [Russian Ruble loss - Imgur](https://imgur.com/a/WQaIB3I) + +Source: [Charlie Bilello op Twitter: "The Russian Ruble is down another 23% today and has now lost 83% of its value against the US Dollar since its peak in 2008. $RUBUSD https://t.co/YFMv2LsmlI" / Twitter](https://twitter.com/charliebilello/status/1500825745999998979/photo/1) + +Always nice to post some Putin loss porn. + +$0.00743 for 1 ruble. Less then 1 cent. +Recently, I was reading about the Hindenburg Research report that alleged black market activity and other shady activity at DraftKings. What I found fascinating about this is that Hindenburg Research investigated a company, found incriminating information, made a short position, and then revealed this information to the public. Their information gathering process seemed very similar to the ones used by regular news outlets to discover shady business practices, interviewing former employees and examining hard-to-find information. Furthermore, as far as I could tell, this appeared to be totally legal. + +My question is, why donā€™t news companies do the same thing as Hindenburg when they discover similarly damaging information about a public company? Iā€™m aware that individual employees are likely prevented from doing this by their contract, but what stops the overall company from shorting these companies? Is it just journalistic integrity, or are there laws that would apply to news companies and not to ones like Hindenburg? +So currently I'm a bartender and I've been using some money I saved up to trade on the stock market, I started 3 years ago and this year was the first time I've been actually quite successful. I've already made more than I make bartending in a year. I've got an associate's degree in communications but I kind of want to countinue my higher education, probably in something related to stocks but is it even worth it? I'm doing okay with just info I've taught myself and I'm sure I will countinue to improve. Plus I'm 28 so I'd be in my 30s by the time I graduate. + +I remember my first job out of school. During lunch I was sitting with some colleagues and I expressed my desire to retire at 40-45. + +They scoffed at me and said, "Haha that's not happening buddy unless you win the lottery!" + +I am 33 now and even the most negative projections (e.g. 4% growth) would still allow me to retire at 40. +I recently read that Paytm is moving its MF to BSE and to continue investing in I have to create a Demat account . [Source](https://www.financialexpress.com/market/paytm-to-stop-selling-mutual-funds-directly-move-investors-to-broking-heres-what-happens-to-your-purchases/2584815/) + +I am a NOOB when it comes to financial services and investments so I went with PayTM money and recommended my girl friend to do the same. Since she is working in a banking company she is not allowed to open a DEMAT account now what will happen to the existing investments ? +I clearly understand that we cannot continue investing without an DEMAT account , But can we still track and withdraw the existing funds ? + +Is it possible to transfer it to other platforms like Kuvera ? Can we still manage the funds from AMC ? What can be done about the ELSS funds which have a 3 year lock-in period? +EDITED AFTER DECEMBER 15: + +Even though the December 15 "open enrollment" deadline has passed for many states, there are a handful of states that still are open to "open enrollment" for ACA/Obamacare marketplace plans for 2019. + +In other words: In some states, you still have time to sign up for 2019 coverage, so don't give up. Check on the deadline for your particular state of residence! + +Regarding the court ruling that came out in the past few days, the federal government's healthcare.gov website now states: "Court's decision does not affect 2019 enrollment or coverage." +Advance Self Review (ASR) +What do you guys ask yourself after each trade close? +This is for journaling my trade, to improve and seek what mistake that I'm keeping repeating. + +Thanks for your guys opinion, any new knowledge is helpful šŸ¤ +After 2 years off trading, i came in to conclusion that u have to look at everything to win and i want to +share some tips, what do i mean; + +Technical analysis, such as s&r(levels), breakouts, retests, multi time frame, fib, trend trendline etc + +Fundamentals analysis, (i focus more on the week before and ahead because im a swing-day trader). + +Indicators such as ema, rsi, volume + +Trade menagment, such as trailing sl, partial profits. + +Money menagment such as % per trade no more then 2%. + +Targets and SL, next major zone, protective sl and risk to reward(1-2 at least). + +Psycology, understand its a probability game, and feeling will fk u up, there is no loser or winner, only a learner. + +Passion, allmost the most important, if u dont have that, u will quit eventually. + +And the last and not least, Confluence all the above in a simple and harmony way that will suit to u, and i swear to u, u will be a winning Machine. +Analysts don't know whether the market is going to go up down or sideways. + +Classic case is TESLA. No analyst called TSLA at $900 a share last year. Every time TSLA rallied they updated their price target. They litteraly do not know what the fuck is going to happen any more than you or I +Sorry to spam this sub with another post from a rank beginner, but I'm looking to get into algorithmic trading and I'm a bit lost about where to start. I'm under no illusions that I'm going to make any money, I just want to do this as a fun hobby as I find financial markets interesting- I won't be putting any real money in, at least not for the foreseeable future. I'm a decent programmer (python) and have a background in statistics and machine learning, but don't really have any knowledge of finance/trading, so with that in mind I'm looking for a few recommendations: + +1. A good book: i'm new to all this so I'd really appreciate a book that goes into the fundamentals in depth. I've been recommended the series by Ernest Chan, but they're big, expensive and a series of 3, I'd rather have just one to start off with. Preferably one that goes over the requisite financial knowledge and trading strategies more than the statistics etc which I'm already competent in. + +2. An asset class: for the sake of simplicity, as a beginner I'd like to focus on just one asset class, what would people recommend? + +3. Data source: where can I get comprehensive historic market data? What about up-to-date data via an API? + +4. Trading platform: is there a trading platform that people would recommend? Preferably one that supports mock (i.e. fake) transactions, and interaction via an API? + +Thanks in advance! +This could be your favorite because they're successfully or because they're mathematically beautiful. + +I've spent some time in python coding up a lot of indicators and some of what are even pretty standard (eg. EMA) really are a thing of beauty. I've not made a viable algo yet (but I've also not lost any money!) - but the journey is turning out to be a pleasant one so far! +Hi everyone, + +I work as a software engineer and recently I've been getting quite a lot of recruiters contacting me about 100% remote positions offering decent salaries. I'm currently London based and whilst I'm making decent savings every month it's still not enough to ever feasibly break into the insane property market here. I don't have any strong ties to a particular UK city so theoretically I could move anywhere (currently considering Belfast) + +My main concerns are: + +* This is just a trend that's not going to last long. + +* If it's not a trend there'll be a race to the bottom regarding salaries + +* Staying in London for a few more years could still work out better from a purely financial PoV because of the sheer amount of top paying positions concentrated in the city + + +At the end of it all though, the idea of just having my own 3-bed in Belfast for half the price of my rent here in London feels like it'd just be a nicer quality of life. I was wondering if anyone has taken a similar plunge due to the WFH trend and moved to somewhere cheaper whilst working 100% remotely, what has been your experience? + +I imagine if you have a family it's pretty much a no brainer (raising kids in London seems impossibly expensive to me) +Iā€™m sure there are many people who are pondering this or have already decided. There are others who have given up on property all together and are instead investing in ETF/shares. + +Houses for many people are unaffordable and in cities like Sydney &amp;amp;amp; Melbourne they might be permanently out of reach. Some capitals still offer affordability but moving for many isnā€™t a viable option. Similarly, regional locations are increasing in price and WFH is becoming a possibility for some. + +For those who have to stay in the major cities and want to buy a house I would argue you should consider buying an apartment. + +Iā€™m not saying that an apartment is better than a house. What I am saying is that apartments, in my view, are under valued at the moment. The gap between medium prices of houses and apartments are at historical highs and in Sydney (55.3%) and Melbourne (54.4%) houses are way more expensive compared to nationally (31.8%). There will be a reversion to the mean at some point and pre-Covid the gap was much lower (15.8%). Some powerful drivers of this mean reversion; + +1) once we reach high levels of vaccination there will be higher demand to be closer to CBD. Similarly WFH will be reversed for some businesses. + +2) the international borders will be opened and students / immigrants will return. Our economy despite the lock downs is still performing well and jobs will improve. Students &amp;amp;amp; immigration will increase pressure on both rental &amp;amp;amp; price demand. + +3) the most important one is, all those people who canā€™t afford a house are going to realise that apartments are achievable and a good alternative. Interest rates are so cheap and price increases for apartments are inevitable. + +The best time to buy was obviously 12 months ago or beginning of this year. But if you look at price growth you can see the unit/apartment market is gaining momentum. In Sydney for example units are up 10% year to date in 2021 and 5.1% in the last quarter. + +Due to the benefits of leverage that property enjoys these returns are magnified by 5x at an 80% LVR or 10x at 90% LVR. Whilst you can leverage in the share market you canā€™t do it this high and if itā€™s a margin loan then youā€™re risking margin calls. + +If youā€™re still with cash waiting to buy a house, youā€™ve just missed a return of 50% by not buying a unit (simplistic terms being a 10% return and leverage at 80% equates to 50% return on investment, assuming youā€™re eligible for stamp duty exemptions). + +There are people who have specific reasons for their strategy (stock market / rent-vesting / moving) and Iā€™m not saying youā€™re wrong. What Iā€™m saying if you should not rule out an apartment so quickly and for those sitting on the sidelines saving, you should really consider the above. I can see the headlines now about apartments being unaffordable and the comments on this forum. + +Personally we started with $50k savings 6 years ago. Bought a rent-vest apartment. Kept saving and accessing equity out of the apartment 3.5yrs later we bought a house. Beginning of this year we bought a regional house as a 2nd investment property. If we didnā€™t buy the apartment we would have found it really hard to buy the house. Everyone journey is unique so not saying that because we did this that itā€™s easy or possible for everyone. Just saying, donā€™t dismiss an apartment. + +Some links; + +[core logic prices](https://www.corelogic.com.au/sites/default/files/2021-08/210802_CoreLogic_HomeValueIndex_Aug21_FINAL.pdf) + +[Apartments are left behind in the property price rise but catch-up on the way, experts say](https://www.realestate.com.au/news/apartments-are-left-behind-in-the-property-price-rise-but-catchup-on-the-way-experts-say/) + +[Sydney apartment prices gaining momentum as affordability bites](https://www.domain.com.au/news/sydney-apartment-prices-gaining-momentum-as-affordability-bites-1078085/?utm_campaign=strap-masthead&amp;amp;amp;utm_source=smh&amp;amp;amp;utm_medium=link&amp;amp;amp;utm_content=pos5&amp;amp;amp;ref=pos1) +Hi guys, + +Girlfriend accepted a full time job as a receptionist, her salary is 45k yearly before tax plus super. + +Her working hours are 830-530pm monday-friday, with one hour unpaid meal break. + +I've worked out not including her unpaid break she's on an hourly wage of $23... + +The aus minimum wage is $753 for a 38 hr week, or $19.84 an hour... + +Is this normal for receptionists? I feel bad that I can get any unpaid labour job for well above award rates of $26/hr with the labour shortage and I feel bad for her, hell you could make more working night shift at maccas... + + Any receptionists who could share insight I to salary progression and career paths would be appreciated... + +Based in melbourne +I've been at this since December, starting off with small cap stocks but I'm completely done with that mess. Since April, I've been working with large caps (mostly TSLA, QQQ, and SPY) and I've done better overall but still cannot find a strategy I'm comfortable with. I tend to lean towards scalping. + +Right now, I follow 2 guys and I've learned a lot from them, but there are issues with both of their strategies that I struggle with: + +\------------------------- + +First guy - breakouts ONLY off of premarket low/high and intraday levels. This just seems so risky to me. I've lost a ton doing this because instead of a breakout, it would turn into a reversal. + +Second guy - bounces/rejects off supply/demand zones. Overall has gotten me better results, but I struggle timing my entries and he does as well sometimes too. Last week, I got stopped out of TSLA puts 5 times in about 15 minutes, and then it finally went in my favor without me. + +\------------------------- + +I've been researching different strategies but it seems tough when it comes to these large caps. Everywhere I look, it's indicator this and that, "100% win rate tradingview strategy", and it seems that most of these strategies don't work with stocks like TSLA. Most of them seem to be with Forex or Crypto. + +I've watched TSLA, QQQ, and SPY every day for at least 5 hours a day since April and it seems like nothing after the first 1-2 hours makes sense to me. The movements are all over the place. Take a look at TSLA today...I mentally entered trades thinking a new trend is about to begin but I'd lose every time. + +At this point, I'm not sure where to study because I feel stuck. I know 3 months isn't a long time but I feel like I should have some idea of when it's a good time to enter a trade or not. + +Any advice/strategies/indicator/help/ANYTHING is appreciated. What has worked for you? +Bid Bith and Biyond. + +&#x200B; + +[They announced they are buying back 1 billion dollars worth of their stock before the end of the year.](https://www.nasdaq.com/articles/bed-bath-beyond-bbby-up-on-kroger-deal-share-buyback-plan-2021-11-03) + +And what happened when this was announced on November the 3rd of 2021? Their stock jumped from $16.62 to $30.21, GME went from $207 and licked $255. So what happens when Bid Bith and Biyond buys back $1,000,000,000 worth of stock? Because these stocks are shorted in the same basket, GME goes to the moon as well. All happening before the end of the year. +The Fourth Industrial Revolution is characterised by the fusion of the digital, biological, and physical worlds, as well as the growing utilisation of new technologies. It is the trend towards automation and data exchange in manufacturing technologies and processes which include: + +* Cyber-physical systems (CPS) / Cyber security +* Cloud Computing +* Ai +* Advanced Robotics / automation +* Big-data +* 3D printing +* Quantum computing (hypothetically) +* Robotic process automation (RPA) +* Semi-conductors +* Biotechnology / Healthcare +* IoT manufacturing +* Renewable energy +* Manufacturing / Mining + +Of course there's discussions which one are part of the industry 4.0 so I might be missing a few. + +since I believe that we are still at the start of this revolution, I want to invest in promising companies related to those industries. Some companies already have proven themselves, others are still in the 'startup' fase. + +**Hereby a list of the companies from which I think are the best or will be the best in the corresponding sector. What sectors and which must-have companies am I missing?** + +**Note:** some sectors are very broad so they might overlap. + +&#x200B; + +* **Cyber-physical systems (CPS) / Cyber security** + * **CrowdStrike - $CRWD** + * Offers a broad spectrum of solutions with the main goal of cyber-security. Some well-known clients where they have solved hacks are Sony Pictures and the DNC (Democratic National Committee). The company is the market leader in the cloud-based endpoint security segment and is also expanding into 5G network security. + * **Cloudflare - $NET** + * Offers a wide range of network services to companies around the world. Cloudflare's intelligent global network spans more than 200 cities in more than 100 countries. It provides network security and improved network performance and reliability to an increasing proportion of the total Internet used. More than 15% of the internet is used via Cloudflare + * **BlackBerry - $BB** + * They are working on AI powered cybersecurity + * They also work on QNX. QNX is a real-time embedded OS that controls software systems in (modern, especially EV) cars and forms the basis of solutions such as BlackBerry Radar, an IoT based asset tracking system for the transport sector. + * Spark Suites: Spark provides visibility and protection for all endpoints, including personal laptops and smartphones used for work. It uses AI, machine learning, and automation to provide better cyberattack prevention. + * **SUMO LOGIC - $SUMO - DD from** u/FlynnPierce + * SaaS platform focused on data analytics and they will likely be the first to be able to call themselves a cloud-native solution for continuous intelligence. To be fair, they themselves pioneer this concept of ā€œcontinuous intelligenceā€ where companies can have real-time insight and communication with their data. + * On March 10, 2021 they acquired DFLabs to enhance their cyber security offering, and claim that the SOAR system they inherit from the acquisition is 10x more effective in improving security operations productivity. + * Benefits over competitors: design and ease of use, scalability and oriented quality. + +&#x200B; + +* **Cloud Computing** + * I'll include Amazon and Microsoft since they deserve a spot in this list. But as @[ArtakhaPrime](https://www.reddit.com/user/ArtakhaPrime/) mentioned: Amazon and Microsoft "are already some of the biggest in the world and make all sorts of stuff. It's entirely possible their innovations will be integral to aspects of the 4th Industrial Revolution, but it may also only be a relative drop or glass in the larger bucket that they currently represent." + * **Amazon - $AMZN** + * **Microsoft - $MSFT** + * **Cloudflare - $NET - See DD in previous category** + * **Fastly - $FSLY - Need DD** + * **Digital Ocean - $DOCN - Need DD** + * **DataDog - $DDOG - Need DD** + +&#x200B; + +* **Ai** + * **C3Ai - $AI - Need DD** + * **Nvidia - NVDA - Need DD** + * **Intel - INTC - Need DD** + +&#x200B; + +* **Advanced Robotics / automation** + * **Teradyne - $TER** + * Focusses on industrial automation, semiconductor testing, wireless testing and storage testing. Customers are Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM. **Some of their business units are:** + * The System Test Group: they build test machines for printed circuit boards and hard drives + * LifePoint: test machines for manufacturers of wireless modules and consumer electronics. + * Universal robots: provides collaborative robots (cobots) that work side by side with production workers. UR-cobots automate tasks such as machine loading, packaging, gluing, painting, polishing and assembling parts + * Mobile Industrial Robots: offers autonomous mobile robots for the management of internal logistics (for loads under 1,500 kg). These robots are currently used in the transportation, healthcare, pharmaceutical, metal and plastics, fashion, technology and food industries. + * AutoGuide Mobile Robots manufactures modular industrial mobile robots (for loads up to 45,000 kg). These high payload robots are used for assembly, material handling, storage and distribution across multiple industries. + * **Cyberdyne - $CYBQY - Need DD** + * **ABB - $ABB - Need DD** + +&#x200B; + +* **Big-data** + * **Palantir - $PLTR** + * This is the way + * **SalesForce - $CRM** + * Big data CRM (big data customer relationship management) refers to the practice of integrating big data into a company's CRM processes with the goals of improving customer service, calculating return on investment on various initiatives and predicting clientele behavior. + * Salesforce is the leader in the CRM sector. Recently, Salesforce has acquired the big data firm ā€œTableauā€ for $15.3 billion and Slack for $27.7 billion, adding muscle in its fight with some major leaders. Moreover, the integration of Salesforce CRM and Big Data will enable businesses in analyzing customer patterns and preferences. + * **SnowFlake -$SNOW - Need DD** + +&#x200B; + +* **3D Printing** + * **Desktop Metal - $DM** + * Co-founders are MIT alumnus Ric Fulop and 4 other MIT professors. + * They have a new patent called "single pass jetting". It takes most 3D printing machines several times to print one layer, Desktop Metal can do it in one go. This makes them by far the fastest in the entire industry (up to 4x faster) - Speed ā€‹ā€‹means lower costs, what DM printers can do in 1 day, takes other printers 3-4x that time. + * They have secured a global distribution network of more than 80 partners in 60 countries offering their Live Parts software as SaaS. Live Parts is an AI software that allows users to automatically generate printable object designs. The program allows users to enter specifications for an object and then create a computer model that can be printed. As a result, they are assured of huge income in addition to their hardware + * Today, Desktop Metal announced that it launched Desktop Health, a line specifically devoted to healthcare-adjacent products. The line encompasses a number of different technologies, including binder jetting, bioprinting and various materials. + * **Nano Dimension - DD is from their website** + * Nano Dimensionā€™s DragonFly System is a one-stop solution for agile hardware development and innovative circuit design across a wide array of industries. It empowers companies to securely control entire development cycles through in-house additive manufacturing of PCBs and non-planar electronics with speed and precision, while reducing R&D costs. With itā€™s Lights-Out Digital Manufacturing (LDM) printing technology, this is the industryā€™s only comprehensive manufacturing printing platform for round-the-clock 3D printing of electronic circuitry. + * **Markforged - $AONE - Need DD** + +&#x200B; + +* **Quantum Computing** + * **IonQ - $DMYI** + * A quick introduction to QC: a normal computer exists of bytes, so 0 OR 1, a QC has qubits, so possibly 0 AND 1 at the same time. In theory this will improve the computational power of computers in a massive way and therefore QC wil be able to solve different classes of problems + * The qubits that make up QCs are prone to error given the fragile nature of the quantum states. There are 2 quantum states: ion trap (IonQ, Honeywell) and superconducting qubits (IBM, Google). These have about a 0.5% chance of an error during a so-called 2-qubit gate operation ([https://en.wikipedia.org/wiki/Quantum\_logic\_gate](https://en.wikipedia.org/wiki/Quantum_logic_gate)), thus limiting the complexity of the computation you will be able to do. + * So a lot of research is being done to improve these physical error rates, but an improvement of more than 0.01% seems to be difficult. This is where error correction becomes important. People have come up with error correction codes that can tolerate error rates and create a much lower error rate by creating what's called a logical qubit. ([https://en.wikipedia.org/wiki/Physical\_and\_logical\_qubits](https://en.wikipedia.org/wiki/Physical_and_logical_qubits)). + * It takes a lot of physical qubits to make 1 single logical qubit. Most researchers believe that with a few hundred to a few thousand very good logic qubits you can solve very impactful problems in the world and thus create significant value. IonQ expects to achieve this in 7 years ([https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap](https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap)) + +&#x200B; + +* **Robotic process automation** + * **Blue Prism - $PRSM - Need DD** + * **UiPath - $UIPTH (IPO later this year)** + +&#x200B; + +* **Semi-Conductors:** + * **ASML Holding NV (NASDAQ: ASML)** \- From u/MikeJamesBurry the most important Europe Stock. It is a Dutch company and currently the largest supplier in the world of photolithography systems for the semiconductor industry. The company manufactures machines for the production of integrated circuits. The company is the most significant component of the Euro Stoxx 50 + * **Intel - $INTC - Need DD** + * **Advanced Micro Devices - $AMD - Need DD** + * **Nvidia - $NVDA - Need DD** + * **Taiwan Semiconductor Mfg - $TSM - Need DD** + +&#x200B; + +* **Biotech** + * **Crispr Therapeutics - $CRSP - Need DD** + * **Beam Therapeutics - $BEAM - Need DD** + +&#x200B; + +* **Internet of Things manufacturing** + * **PTC - $PTC - Need DD** + +&#x200B; + +* **Renewable Energy** + +&#x200B; + +* **Construction / Mining** + * **MP Materials (NYSE: MP) - DD from** u/FlynnPierce + * is a rare earth mining and processing company who owns and operates THE ONLY rare earth mine source in the US. This resource provides the essential metallic and magnetic raw materials used in most modern technology from Electric Vehicles to windmills and robotic arms. Yeah. Thatā€™s HUGE. There is obviously a massive need for these resources going forward and MP is the only chance the US has of competing with China in this demand. Of course, China operates in a market condition where they can exploit working conditions and the workforce in ways that American companies cannot, and MP claims to engage in their mining activity sustainably. Noting that MP (Mountian Pass) Mine is in California, we can assume they are doing their best to remain in compliance with a green energy future. MP NET INCOME Q4 2019: 1M MP NET INCOME Q4 2020: 24M + +&#x200B; + +**EDIT 1: as many are saying to just buy ARK, i'm not from the states so I can't buy any of Cathie's ETF's** + +**EDIT 2: added, Snowflake to Big-data, Microsoft and Amazon to Cloud Computing, MarktForged to 3D printing** + +**Edit 3: Added new category semi-conductors (ASML, AMD, NVDA, TSM, INTEL) and biotech (CRSP, BEAM)** + +**Edit 4: Added ABB and Cyberdyne to Automation/robotics and PTC to IoT manufacturing** + +**Edit 5: Added renewable energy as a category, all suggestions are welcome!** + +**Edit 6: Added DataDog $DDOG to cloud computing** + +**EDIT 7: Added MP Materials (mining / construction) and SUMO (cyber security) to the list** +I'm in my early 20's, single, and contribute 10% of my paycheck per month to my 401k. + +My employer matches 3% which I've already hit, and I max out Roth IRA every year. I have 2 years worth of my salary invested/saved on the side. + +I have no debt and very little expenses. Should I be putting more into my 401k while I can afford to? + +Thanks in advanced. +I am a 21-year-old dude about to graduate college with a B.S. in Physics in December. Due to my very fortunate family situation, scholarships, Doordash, lucky stock picks, and STEM internships, I will graduate with between $35-40,000 and no debt; what should I do with this money? How much of it will I need to start my life (car, housing, etc?) and are there any things I should generally seek to avoid? I will try and get a job as soon as possible after graduation (likely a construction engineer based on internships); how should I treat my income from that position? + +Conventional wisdom says that I should stick as much as possible in Roth IRA as S&P index funds and take the 8% return for 40 years, but I am just curious if there are other schools of thought? +Hi all! I'm 18 and in college with very few expenses (full scholarship) and have about $5,000 sitting in my checking account that I'd like to invest or save. This sum will likely increase over the next three years due to substantial school refunds. I also have a part-time job that pays $8.50 an hour but may quit in a year or two to get an internship. I'd like to save it up over about 3 years to put towards grad school. + +I need some advice on how to invest this. I have a relatively low risk tolerance and have never been very good with economics so I'd prefer to avoid something complicated or risky, especially when economists predict an impending recession (I'd hate to lose it all in the stock market or something). I'm leaning towards a high-yield savings account, but I'm not entirely sure. Does anyone have advice on how to save or invest and, if I'm right about the high-yield account, which banks should I consider? Thank you! +I am a young guy living in the bay area. I make 130k yearly salary with bonuses and have no debt. I currently drive a 2013 Honda Civic and hate driving in it, but nothing is wrong with the car and it is at about 100k miles. My rent is 3500 monthly and I split some of it with my gf when she can pitch in. I have about 20k saved up and I have been constantly thinking about buying a Tesla model 3 with a trade in and some money down. The car payment when all is said and done would be between 550 and 750 depending on how much I put down, my loan rate and how long of a loan. Is this a really dumb financial decision, or feasible? I know it's not necessary but I think it would bring some enjoyment to my day. Appreciate the read +It slowly turning into WSB. There are so many frontpage threads that read like The Sun Newspaper or CNN articles. + +Itā€™s just an abyss for people to post the first thing that comes to their head even if it makes no sense and they dilute their posts as much as possible to earn moons. + +The amount of ā€œthis is not financial adviceā€ threads and the weird posts with such titles as ā€œif cryptos were Harry Potter charactersā€ is insane. + +Daily discussion seems to focus solely on shilling, farming moons and saying ā€œbuy the dipā€. + +So my wife is changing jobs and was looking into getting the money out of the 401K she has been contributing to. However, the company she is leaving is telling her she needs to pay $800+ in fees before she can have access to the money in her 401K. Iā€™ve changed jobs many times and have always rolled over my 401Ks into an IRA at my bank and I donā€™t recall ever having to pay fees to do that. Depending on the vesting period, I may not have gotten the company match but then that wasnā€™t yet even in my 401K yet on those occasions. Iā€™ve done some googling around and canā€™t seem to find any info on what these $800+ fees are. Is this legal? +Good afternoon my fellow Apes! Although itā€™s a great day to hug a few trees šŸŒ³ let us not forget this is also a day to honor the greatest ape of all, Harambe. *salute* The banner contest has seen some insane artwork and Iā€™m constantly blown away by the level of talent and creativity here. Seriously top notch! Round of applause!! *Insert 200,000+ cymbal clapping monkeys* + +The mod team, especially u/Bye_Triangle and u/StonkU2, has done a fantastic job putting all the submissions into brackets and the voting system. Kudos on a job well done! So with that being said, I am here to present you the final round of our banner competition, the Harambe Division! + + +But... Wait.. I know itā€™s 4/20 and all but, am I trippin? Why is u/PinkCatsOnAcid posting this? + +[Well...](http://imgur.com/a/7xZj7bN) + +Thatā€™s right, my dear fellow soldiers from the trenches of January and beyond. This merry band of fuckers has invited me aboard the Eagle 5 and I said yes. + + +For those that arenā€™t aware, I have already turned down a paying gig to pimp out my account pushing other stocks. Thatā€™s not what Iā€™m here for. I don't have socials besides Twitter (@PinkCatsOnAcid). Iā€™m here for the GME Tendies, and I just like the stock. I pledge to you here and now that **I can not be bought**. Hopefully I have proven this to the community by now. + + +So with that, I wish you all a Happy 4/20, and [let the voting commence](https://www.polltab.com/bracket-poll/CeHmHHxFDkQ)! āœŒļøā¤ļøšŸš€ +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +As we close out another week in the GME saga, we now have the date for the next earnings call. +In less than two weeks, we'll have another point of data to match up with the DRS tracker, which to date has been remarkably accurate. +I'm personally expecting that GameStop will keep the report relatively tame, without further comment on the split by dividend. +However, I am certainly going to be watching for forward-looking signals for how they'll expand their digital marketplaces and prepare for the holiday season. +It is truly a great time to be a GME investor. + +As rough as this week has been compared to the recent run-ups, it is important to remember that any distress that you feel is intentional. +The SHFs have been shorting heavily this week. +This could be aimed at hitting against Ape morale or a need to keep their balance sheets outside of margin call territory. +Whatever their reason for shorting this week, I am unfazed. +GameStop continues to be an incredibly strong company, with beautiful balance sheets, a solid core business, and rapidly expanding digital business. +The leadership team continues to execute on plans that genuinely benefit the company, employees, and investors. +The SHFs continue to hold incredible short positions against the company, with zero chance of driving the company into bankruptcy. +Apes are DRSing at incredible rates, rapidly approaching the point of locking the float. + +Our DiamantenhƤnde will prevail. +It continues to be only a matter of time. + +Today is Friday, August 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: **$31.84 / 31,94 ā‚¬** *(volume: 1908)* +- šŸŸ© 115 minutes in: $31.75 / 31,85 ā‚¬ *(volume: 1907)* +- ā¬œ 110 minutes in: $31.70 / 31,80 ā‚¬ *(volume: 1806)* +- šŸŸ„ 105 minutes in: $31.70 / 31,80 ā‚¬ *(volume: 1301)* +- šŸŸ„ 100 minutes in: $31.94 / 32,04 ā‚¬ *(volume: 1100)* +- šŸŸ© 95 minutes in: $32.05 / 32,15 ā‚¬ *(volume: 1083)* +- šŸŸ© 90 minutes in: $31.95 / 32,05 ā‚¬ *(volume: 1052)* +- šŸŸ„ 85 minutes in: $31.93 / 32,02 ā‚¬ *(volume: 1052)* +- šŸŸ„ 80 minutes in: $31.96 / 32,05 ā‚¬ *(volume: 1052)* +- ā¬œ 75 minutes in: $32.11 / 32,20 ā‚¬ *(volume: 1052)* +- šŸŸ„ 70 minutes in: $32.11 / 32,20 ā‚¬ *(volume: 732)* +- šŸŸ© 65 minutes in: $32.12 / 32,22 ā‚¬ *(volume: 709)* +- šŸŸ© 60 minutes in: $32.01 / 32,11 ā‚¬ *(volume: 630)* +- šŸŸ© 55 minutes in: $32.01 / 32,10 ā‚¬ *(volume: 567)* +- šŸŸ© 50 minutes in: $32.00 / 32,09 ā‚¬ *(volume: 537)* +- šŸŸ„ 45 minutes in: $31.93 / 32,02 ā‚¬ *(volume: 536)* +- šŸŸ© 40 minutes in: $31.93 / 32,03 ā‚¬ *(volume: 523)* +- šŸŸ© 35 minutes in: $31.93 / 32,02 ā‚¬ *(volume: 273)* +- šŸŸ© 30 minutes in: $31.92 / 32,02 ā‚¬ *(volume: 272)* +- šŸŸ© 25 minutes in: $31.92 / 32,01 ā‚¬ *(volume: 272)* +- šŸŸ© 20 minutes in: $31.86 / 31,95 ā‚¬ *(volume: 256)* +- šŸŸ„ 15 minutes in: $31.85 / 31,95 ā‚¬ *(volume: 255)* +- ā¬œ 10 minutes in: $31.85 / 31,95 ā‚¬ *(volume: 255)* +- šŸŸ„ 5 minutes in: $31.85 / 31,95 ā‚¬ *(volume: 255)* +- šŸŸ„ 0 minutes in: $31.85 / 31,95 ā‚¬ *(volume: 105)* +- šŸŸ„ US close price: $31.96 / 32,06 ā‚¬ *($31.98 / 32,08 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 0.997. 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 plan to have 150k saved by the end of the year and really want to buy a house. My entire life I have never paid for a single thing with interest, bought all my cars cash, payed off student loans while in deferment, and have a credit card with a max budget of $500. I currently rent a room in a dump for $400 a month and would like to start enjoying my life with my own place since I'm almost 25. + +I see interest rates are rising and I understand that no one here has a crystal ball, but would it be advisable to wait for a potential crash, or drop all my money on a piece of shit fixer upper, or better yet buy some land and live in an rv? +I have no clue about real estate. I currently live in Los Angeles but thinking about using my VA home loan to buy a 1 or 2 bedroom unit townhouse/condo in Seattle for air b n b. Any tips and advice would be appreciated. +Wasn't sure where to post this, but I know r/investing was interested in this scandal, and considering the stock is down 10%, I expect it to fall more since their revenue will take a digger. +Hello Apes! My wrinkle brain friends u/zinko83, u/MauerAstronaut, u/Lennixus, u/criand and several others have recently written some excellent DD's and posts on recent developments in wrinkle-brain GME theory, namely these excellent posts on [volatility swaps](https://www.reddit.com/r/Superstonk/comments/qmtt6q/volatility_variance_dispersion_oh_my/), [options hedging using variance swaps](https://www.reddit.com/r/Superstonk/comments/qoz68k/how_variance_swaps_can_explain_oi_in_far_otm_puts/), as well as u/Leenixus' [excellent Dick-Dick today](https://www.reddit.com/r/Superstonk/comments/quj97o/gme_evidence_of_predictable_cycles_gme_explained/) + +If you haven't seen these, please take a moment and go read these DD's that explain how shorts continue to mess with our favorite company and how we can predict price action within some degree of accuracy. To sum it up quickly, here's a quick quote from u/zinko83's post on variance: + +> Hedge funds sell variance making them short, which in turn requires them to hold a portfolio of long OTM options to hedge the short swap. This should be making lightbulbs turn on, if it doesnā€™t go check Citadel Advisors, Susquehanna, Simplex holdings and see they hold not only puts but calls come back and stare at the replicating above, it will click eventually. + +And from u/mauerastronautā€™s post on variance swaps: + +> GME options chain is indicative of the ā€œReplicating Portfolioā€ used to hedge short variance exposure. This portfolio involves long puts and calls, short forwards and a rather small position in shares. Assuming open naked shorts on GME, willing counterparties for short forwards would be market makers or prime brokers trying to get around close-outs through deemed-to-own clauses. Short variance exposure can explain many events that happened this year around the stock, but not correlations to other tickers. We believe it to be a major driver of GMEā€™s stock price. +It is suspicious that the options chain looks like this in such an obvious way, since doing a complete hedge usually burns the premiums collected, and also is sending very clear signals which investment firms usually try to circumvent. + +> Whales bet that banana wouldnā€™t go up and down a lot, but it did. Open banana options suggest this, and maybe help explain where fake bananas came from. Banana value moves because whales are trying to not get fukd. Whales normally are not that obvious, which tells us something. The question is what. + +In light of this new information, I have taken up the rather daunting task of trying to bring everyone up to speed, and dispel some FUD, with some basic options education. This post will mostly be a beginnerā€™s level introduction, ELIA style, then progress to more advanced knowledge in future posts. + +**SECTION 1: DONā€™T PANIC** + +I know some of you reading this are already freaking out and typing replies containing all sorts of hedgie-promoted FUD about how options are ā€œfree money for Kennyā€ and all the anti-options FUD apes have been saying for months. In light of the new information on volatility / variance swaps and futures/options expirations, we now know that completely avoiding options is likely making it easier for shorts to pull off their variance hedging/replicating portfolio vega-hedging strategy. I would also add that DFV used some options, sooo... + +Please note a few disclaimers: + +- **I am NOT telling you what to do.** + +- I am NOT telling you to buy GME options. Shares and DRS always comes first. + +- I want get rid of emotional bullshit and FUD and just learn some basic options FACTS for a moment. Form some new wrinkles, then you can make your OWN investment decisions and do whatever you want with your money. + +- DO NOT DAY TRADE GME (or GME options). + +- This is not financial advice, I eat crayons, etc. + +A few other things this is NOT: + +- This is not an exhaustive, complete guide to options. Itā€™s impossible for me to cover everything there is to know on options and Iā€™m too smooth anyways for that. This is a distilled ā€œWhat Apes Really Should Knowā€ GME-focused summary of what Iā€™ve learned from other wrinkles, books, and websites over the past 9 months. +- This is NOT expert or financial advice. Iā€™m a physician by trade, not a financial advisor. But Iā€™ve learned a few options basics and can speak ape since my brain is fairly smooth, financially speaking at least. +- This is NOT going to be presented formally with fancy-ass words and shit. I got my medical degree at Costco and I eat crayons. This is for smooth brains. If you want a more technical, formal options intro, head to the options sub and read their FAQ or something. Iā€™m probably going to trigger some wrinkles telling me certain things arenā€™t quite right, or are oversimplified etc. I know, but weā€™re starting SLOW for crayon eating apes who stick bananas in their ass here, so Iā€™m simplifying things as best I can while still being reasonably accurate with specific regard to how I view GME options. Theory relating to options plays on other stocks may he slightly different, though the basics will be much the same. +- I am not a cat. + +Ok, down to business. + +**SECTION 2: BEWARE OF THE LEOPARD** + +There is ONE part of the anti-options FUD that is (generally) true for Apes and it is this: + +**DO NOT BUY FAR OTM CALLS** + +This is important, so I will say it again louder: + +##DO NOT BUY FAR OTM CALLS## + +I know those $900 GME calls look enticing cause theyā€™re cheap, and if MOASS actually is today youā€™ll make a stupid amount of money. But if youā€™re off by even a minute, itā€™s free money for Kenny. Just donā€™t do it. There are better...options (šŸ˜), as we shall discuss. + +**SECTION 3: CALLS & PUTS** + +There are basically two kinds of options: *CALLS* and *PUTS*. Calls are bets that the stock price will be above a certain amount (the ā€œstrike priceā€) by a certain date (the ā€œexpiration dateā€ or ā€œexpiryā€). Puts are bets the stock price will be below the strike price by the expiration date. If the stock price moves above your call strike price, the call is then said to be ā€œIn the moneyā€ (ITM). If not, itā€™s ā€œOut of the Moneyā€ (OTM). Also, one option represents 100 shares of stock, so when it says the price for a GME call is 22.90, its really 22.90 x 100 = $2290ā€¦for one call (which represents 100 shares). + +Letā€™s do an ITM/OTM example real quick to reinforce the concept: GME is hovering around $200 right now. Letā€™s say I am confident it is going up within the next month. I could buy a $210 call (currently OTM, because the strike on the call of $210 is more than the current price of GME of $200). If GME goes to $225, my call will then be ITM. Make sense? Puts are the same, but for decreasing price, but since stocks only go up, who buys puts? + +When you buy an option, it has an expiration date. If your option is ā€œout of the moneyā€ on the expiration date, youā€™re fucked and you lose what you paid for the option. Thus, when you buy a call (or put) you REALLY want it to be ā€œin the moneyā€ before 4pm on your expiration date. The further in the money, the more profit youā€™ve probably made. + +**Rolling**: No youā€™re not on MDMA, rolling an option is when you decide that your expiration date is getting too close and your stock might not make it to the price you want, so you basically sell your current call and by another one that expires at a later date. It will cost some additional premium to do this, but if done correctly (well ahead of time), it isnā€™t too bad. [Hereā€™s a great Investopedia article on rolling](https://www.youtube.com/watch?v=dQw4w9WgXcQ). + +**SECTION 4: WHATā€™S AN EXIT STRATEGY?** + +There are two ways to close an options position. You can sell the option, which is probably the most common choice. Or you can *ā€EXERCISEā€* your option (this is what DFV did with his call options) and buy 100 shares per call (or sell 100 shares per put) at the strike price of the option. So, if DFV bought a $5 call in early 2020, then exercised it in April 2021 when GME was $150 (or whatever it was), he got 100 shares for $5 that are now worth $150, quite a deal. + +This concept of exercising options is VERY important to understand. If you go buy a $900 call for GME, nothingā€™s gonna happen. As a call gets closer and closer to being ITM, market makers start hedging the sold calls by buying shares, in case the call becomes ITM and gets exercised. This is called ā€œdelta hedgingā€ and weā€™ll get to it more later, but basically ITM options are bad for Kenny, and EXERCISED options are WORST for Kenny because then he has to buy and deliver shares. Yes, they can be fake/rehypothecated shares, but then you can DRS them and END GAME. + +Youā€™ve all seen the video of Thomas Peterffy on CNBC talking about retail ā€œasking for their shares in Januaryā€. He was referring to the fact that during the peak on Jan 27-28, there were so many millions of ITM calls, that had the call owners EXERCISED their calls and asked for their 100 shares per call, it wouldā€™ve created a sudden, huge demand for shares and triggered the MOASS (and the collapse of the entire system). + +With regards to SELLING of options, I would say that if you donā€™t plan to exercise them, either due to lack of funds or personal preference, I would err on the side of selling your options for a fairly early profit and then using the profits to buy shares. Options arenā€™t quite as liquid as shares, tend to have wide bid-ask spreads, and can be a bit harder to sell. If you wait until your option costs 300,000 per call, you might not have any buyers left at that price. It is common in the non-GME options trading community to set hard rules for exiting an options trade. For example, some traders always exit an options trade if it is at +30% profit. They take their 30% and run. I think for GME this is a bit low generally, but for myself, I am likely selling my calls by the time GME gets to the $300-500 range, then buying more shares with those profits. I would not personally recommend holding your calls until GME looks like a phone number, because there may not be buyers of the calls at that stage. If you plan on EXERCISING, then diamond hand those ITM calls to the expiration date like DFV did. + +**THE SYSTEM IS NOT DESIGNED FOR TONS OF ITM CALLS TO BE EXERCISED ALL AT ONCE** + +This is because there is no limit to how many options get sold. Itā€™s common for more options to be sold than shares exist. If all those options were ITM and everyone exercised, thereā€™d suddenly be more shares than exist for the stock (on top of the shares that have already been sold), and the system would go supernova. They shouldnā€™t be able to sell more options than shares exist, but the SEC are basically lazy, PornHub-addicted criminals so here we are. + +**SECTION 5: GREEKS, IVā€™s, and MATH** + +This is a BASIC intro. I am not going to cover every detail of all the options greeks, and I donā€™t understand it all myself anyways. But you donā€™t really need to know every single thing about all the option greek shit for GME purposes. There are, however a couple of super important topics to cover regarding these mysterious terms. + +- **Implied Volatility (IV)**: This one is IMPORTANT. IV is basically a measure of the volatility of the stock. Ideally, you want to buy GME calls when the IV is LOW. LOW = cheaper calls. If you buy when IV is very high (like right before earnings), your calls will rapidly lose value when volatility declines after earnings and youā€™ll suffer ā€œIV CRUSHā€, a sudden drop in options value due to IV dropping rapidly. You can look up IV using options scanners built into many trading apps. Lower is better for buying. BUY THE IV DIP basically. + +- **Theta**: This is probably the most important greek for Apes imo (though Iā€™m sure others will debate this). Theta is basically TIME. Theta=Time. As time passes, your option becomes worth less and less. This is called ā€œtheta decay.ā€ But you still make money on the call if the amount the price goes up above your strike price outweighs the decrease from the passage of time/theta. Further dated options cost more because there is more time for your prediction to come true. + +- **Vega**: Vega is worth knowing about because it is what they are hedging with their variance/volatility swap replicating portfolio of options. Vega is a measure of how sensitive the option is to Implied Volatility. It is the change in the price of the option for each point change in the IV. + +- **Delta/Gamma**: If you want to know more about these, go read [this investopedia article](https://www.investopedia.com/trading/using-the-greeks-to-understand-options/). Theyā€™re just not that important to our discussion at this stage IMO. + +**SECTION 6: CALL GME MAYBE** + +Now that weā€™ve covered some basics, letā€™s walk through my thought process of how I might buy a GME call myself (not financial advice, just an example): + +First, Iā€™m going to fire up an options strategy site/app like www.optionstrat.com (I like this one personally but there are many of these that are similar). Iā€™m going to use their strategy optimizer, type in my favorite stock, pick a date (I like going a few months ahead to be safe) and see what it says as a starting place. From there, you can play with various options and see how it changes the profit graph. Good way to visualize different variables IMO. Hereā€™s what it might look like: + +https://i.imgur.com/6cG2u0H.jpg + +Next Iā€™m going to hit ā€œopen in visualizerā€ so we can see how these different variables change the outcomes. + +https://i.imgur.com/CSJv0Sb.jpg + +See the slider right below the pretty graph that says ā€œdays to expirationā€? I moved it all the wsy to the left, basically showing the value of the option today. The x-axis (across the bottom) shows the price of GME, and the y-axis (on the left) shows your profit/loss. Note this is for one call. You can click the green bubble that says $190 and change the quantity. + +See that vertical blue line in the middle? Thatā€™s our break even point. Watch what happens to the graph when I move the date slider halfway to towards the expiration, to 1/1/22: + +https://i.imgur.com/PUofFLq.jpg + +See how the blue line and all the green stuff shifted to the right? This is theta decay. If GME is still the same price, youā€™ve lost money. Play with the sliders. Move the strike price around and watch the graph. Move the date around. Get a feel for how the curve changes. + +**ITM vs OTM** + +My opinion is that for GME specifically, ITM calls have some nice advantages over OTM calls. + +First, ITM calls offer more downside protection, especially if you buy the ITM call at a time when stock price and IV are lower (buy the dip). It is important to note that you should try to go as deep ITM as you can reasonably afford to protect against dips. Iā€™m as bullish on GME as anyone, but right now at around $200, itā€™s possible that they could drop the price back to $190, potentially making your $190 or $195 call OTM and worthless (if it expired that day). Safer to pick an ITM price where GME wonā€™t ever go again. For example, when GME was $170 a few weeks back, I picked up some $150 calls, because Iā€™m pretty darn confident weā€™re never going back down that low. + +Second, and perhaps most importantly, ITM calls promote ā€œdelta hedgingā€ by the market maker. Letā€™s imagine what happens at Kennyā€™s house when you buy that $190 call. Suddenly thereā€™s a new call sold that is ITM. Thatā€™s 100 shares he could be forced to deliver to you AT ANY TIME if you ask for them. He will likely buy those 100 shares to hedge that possibility. I know shills will show up and say ā€œbut he might NOT buy them, no one is making himā€, and that might be true, except that most institutions do delta hedge and weā€™ve seen times when a high number of ITM options drove the price higher due to this, and itā€™s a safer bet than buying OTM calls that might expire worthless. Also if we buy OTM calls and the price does gradually move up towards them, the market maker will *gradually* delta hedge as the price gets closer to ITM. But ITM calls should be hedged when the call is bought. + +There is however a BIG downside to ITM calls: theyā€™re expensive. That being said, the way I see it, theyā€™re way less expensive than 100 shares, but they give you 100 shares of leverage. So even though that $190 call for feb costs $4000, it makes Kenny buy 100 shares at $199 each = $19900. More stock volume, price goes up. AND it fucks with his variance hedging strategy, by making it harder to balance the vega equation on his volatility swap. + +Ok, I have an idea what price I want, now what date? Nov is too soon for me. Theta will kill me. When in doubt, be like DFV. DFV bought like $4 calls or whatever they were with an expiration date around ONE YEAR ahead. A year later the price was like 30 times his $4 strike price. Thatā€™s what I want. So I might buy a $170-180 call for Jan 2023, with the confidence that sometime between now and then, GMEā€™s price will be like $500+ and my calls will be worth bank like DFVā€™s. + +Look for lower IV if you can. If you canā€™t find a low enough IV itā€™s ok to wait. Nobody ā€œneedsā€ GME calls. + +I want a GOOD ENTRY PRICE. This is actually really important. I always do limit prices on options purchase orders, and I fight like Warren Buffet to get that call for the LOWEST POSSIBLE PRICE I CAN. Sometimes you have to be PATIENT and wait for it to drop. Calls often have a wide spread between bid and ask, so getting a call for closer to the bid price can really make a difference to your profit. Donā€™t be lazy and enter the midpoint price. You can often get a call for around 1/4 of the way between the bid and the midpoint. Iā€™ve even sometimes turned around and sold it immediately for 1/4 of the way between the midpoint and the ask, for a small profit. Do not overpay for your calls. + +Decide how many calls you want. I have a LOT of shares. XXXX ape here. Know how many calls I have right now? Around thirty total. Shares always come first IMO, but I do believe, based on DATA, that options drive volume, which drives price movement. + +Buy. Hold. Profit. Weā€™ll get more into selling calls vs exercising later. Either way, itā€™ll get converted into more shares, so WIN. We will also discuss more advanced strategies in the future like selling covered calls and cash secured puts, but those are their own posts. + +**SECTION 7: LIFE, THE UNIVERSE, and EVERYTHING** + +There is so much more we are going to cover apes. This is just the beginning of a great journey and we will learn more together as we proceed to more complicated topics in future posts. + +TLDR: DO NOT DAY TRADE GME. SHARES ALWAYS COME FIRST. DRS. After all that, if you have a few bucks left over, it might not hurt to buy a couple ITM and near-the-money calls once you understand how options work and the risks/benefits thereof, including increasing GMEā€™s traded volume and fucking with the shortā€™s variance hedging strategy. + +Edit: An awesome ape (u/mskamelot) mentioned that itā€™s a good idea to paper trade before throwing real money at options. I totally agree. Never hurts to practice before you play in the game. TDA has a great paper trading, but you can paper trade options all over the place to practice. Iā€™d also add, not to YOLO your life savings on options if you donā€™t know what youā€™re doing (or ever). If youā€™re new and wanting to play with it, start off with one single call or something. Again, not financial advice. + +Edit 2: Another wrinkle had a good question about whether you can buy options on a margin account or if it has to be cash. For most brokers, you can trade options on a cash account, BUT you can usually only buy calls or puts, not SELL calls/puts. But since weā€™re mostly concerned with buying GME calls thatā€™s all we really need here. Or, you can do what I do and have one account (mine is TDA) thatā€™s only for options and non-GME trading that is a margin account, while your GME shares are kept in cash accounts (or DRSā€™d). I should also add that you have to be approved for options trading with your broker, which usually involves answering a series of questions like ā€œI have experience with doing thisā€. Based on this theyā€™ll approve you for different ā€œlevelsā€ of options trading, which are basically based on risk. Level one is like basic stuff described in this post. The more advanced levels will be things like spreads or ā€œiron condorsā€ and stuff like that. + +Edit 3: Well, this blew up. A lot of apes are asking about how it works if the price goes up. Ok. Letā€™s say, as an example (not financial advice), you buy a $200 Feb call for $4k. Then next week, the price goes up to $400 and your call is now worth $24k. At this point you have 3 choices: +- Hold your call longer and hope it keeps going up. +- Sell the call for $24k and use your $20k profits to buy shares +- Exercise the call for $20k + your 4k premium = $24k for 100 shares now worth $400 each = 40k. Not a bad deal. + +I think most apes without insane money in this situation would just sell the call and use the profits to buy shares. But not financial advice. Just trying to illustrate how it works :) + +Edit 4: Wanted to post this link the GMEDD value analysis of GME. Itā€™s important, and whether you are interested in learning more about options or not, itā€™s a good analysis of our company: https://gmedd.com/wp-content/uploads/2021/11/GMEdd-GameStopValuation-16Nov21-1.pdf +Over $3300 in debt gone, and now I have $235/month to snowball toward the last $10,000 of my student loans. Hopefully with a few more adjustments to our spending, I can pay those off around the time my wife's law school student loan payments start coming due November 2019. +Iā€™m currently unemployed and living off of meager savings. When I was employed as of a few weeks ago, I had a biweekly reoccurring ComputerShare purchase program set up. I canceled it pretty much the day I became unemployed and for some reason it charged me again anyway the day before yesterday. + +Since I caught the dip, this accidental purchase put me at my personal pre-MOASS checkpoint exactly, making me a modest XX hodler. Now, I canā€™t really afford this $200 purchase right now. Especially when I literally just purchased 1 share the day before, not knowing another 2 were being bought. + +A normal functioning brainā€™s first thought to an accidental $200 charge is to have the issue corrected and get a refund. But my smooth brain immediately went to ā€œwelp, that money is goneā€ with a big fucking smile on my face. + +Corporate (mainstream) Media, hedge funds, financial ā€œanalystsā€, banks, Wall Street, shady brokerages, and anyone else on the wrong side of GameStop, yā€™all are absolutely fucked if even my broke ass is risking malnutrition for $200 in unplanned-for tendies. + +RIP dumbasses šŸš€šŸš€šŸš€ + +Edit: Obligatory [proof](https://imgur.com/a/bfNgAvW) + +Edit 2: Thank you SO fucking much to all the apes giving their well wishes and offering to send me money in the comments/my DMs. The solidarity between apes is absolutely unmatched. + +Although, I will have to respectfully decline. I appreciate it more than you know, but Iā€™m managing for now. If that changes yā€™all will be the first to know, I promise. + +Keep that money for more bananas or donate to [children in Ukraine](https://www.savethechildren.org/us/where-we-work/ukraine). +Most of my trades happen between 9:30 and 10am. My trades are much more likely to be successful on a bullish day. So the best way to avoid losses is not trade on a bearish day. What is the best way you guys analyze the market just after the bell within the first 5 or 10 minutes of trading. I am watching the SPY and QQQ but is there a better way. Thanks! + +Ok Thanks everyone for contributing. Here is a summary of some usefull things i took away from the comments. + +General market (SPY and QQQ) + +ā€™ā€™Just watch the market until 0945, watch how the market has absorbed any new information and then make your move.ā€™ā€™ + +ā€˜ā€™I am also watchgin the top 10 tickers in SPY ( Aapl, Amzn, etc)ā€™ā€™ + +ā€˜ā€™Keep an eye on macro, have an idea of what is going on in overall economy and trade in that direction you are more likely to have more winning tradesā€™ā€™ + +ā€˜ā€™Watch how the pre mkt moves into that opening 10 minutes, then bracket that range and wait to see which way price moves out of that range. If it heads up, retests the range and keeps going, it's a good chance that's your direction until it hits resistance.ā€™ā€™ + +Futures NQ and ES (Nasdaq 100 E-mini futures and S&P 500 emini futures) + +ā€˜ā€™Check the futures market tickers NQ and ESā€™ā€™ (Nasdaq 100 E-mini futures and S&P 500 emini futures) + +ā€˜ā€™A lot of times the futures determine the direction of how the market will open and trade.ā€™ā€™ + +VIX + +ā€˜ā€™The VIX can also be very helpful. Higher than 20 and you have a good chance of a reversal, or multiple reversals. Usually any higher than 20 means the moment it moves in one direction traders will take profits and cause a reverse effect, often multiple times. Basically what's been happening almost every day for the last two weeks.ā€˜ā€™ + +Sectors + +ā€˜ā€™Track the news, track sector funds. Such as XLU, XLP and XLV.ā€™ā€™ + +Individual stocks + +ā€˜ā€™Pay attention to the stocks that close strong the previous day and stay strong premarket tend to remain so in early trading.ā€™ā€™ + +ā€˜ā€™When a stock runs up a lot before market open, it will most likely sell off or trade flat for the rest of the day.ā€™ā€™ + +ā€˜ā€™Usually I check the news i the morning, and just follow where the volume is.ā€™ā€™ + +ā€˜ā€™I also favor stocks with a clear direction on the daily chart. If the daily is bullish, it has premarket volume, it's gapping up, and spy is opening up(vice versa for bearish). There is a good chance it trades with the market.ā€™ā€™ + +ā€˜ā€™If you can't tell what's happening, then wait.ā€™ā€™ + +ā€˜ā€™Watch the biggest tickers from the indexes and see what they're doing to judge the marketā€™ā€™ + +Max Pain theory + +http://maximum-pain.com/options/msft + +ā€˜ā€™A smart guy I follow checks the implied move on the closest expiry's ATM straddle to see where big money wants to let SPY run to, then he watches the T&S at open for institutional orders of 150k-200,000+ shares to see whether big players want SPY moving up or down today.ā€™ā€™ +As the title states... I battled a severe drug problem from the ages of 25-30, during which time I lost absolutely everything. I was finally able to get clean (and stay clean) 18 months ago and now I am trying to figure out if there is any chance that I can fix my current credit issues, or if my only real option is to file for BK. If BK is my best option then I obviously want to do it sooner than later as I know it will be hanging over my head for years to come. + +I currently have a credit score of 565 based on my credit karma app. I realize that this is not necessarily 100% accurate but based on the information detailed in my profile, I think it is definitely close enough for what I am trying to figure out at this stage of this process. + +My profile shows that I have the following closed accounts: Well Fargo $22,542 (3/1/2013) Chase $5,888 (7/8/2013) Amex $2,824 (5/27/2013) Capital One Auto $5,877 (6/30/2014) Student Loan $16,689 (5/5/2016). + +I currently have $1,572 in collections, which I believe is made up of 3 unpaid medical bills and a delinquent Goodyear Tire Credit Account. + +I started a new job here in California about 5.5 months ago where I earn a base salary of $40,000 and have the ability to earn commission each month. Since starting 5.5 months ago I have earned approximately $15k in commission but the payment structure is set to pay out each commission over 12 months, so of the $15k I have earned, I have received a little over $5k and the rest will be paid out over the next several months. I hope to earn about 70k this year but based on the pay out structure its not like 70k will be my annual take home as anything I earn towards the end of the year will be paid out over the following 12 months. + +Lastly, I recently opened a secured credit card in the amount of $300. I realize that this was probably a little premature but I am desperate to start getting my credit score up mostly so I will be able to finance a car in the future as I am currently driving a 20 year old Honda (which has been a god send for the short term). + +I have spent endless hours on this sub trying to figure out my options and I felt that it was finally time to post something in hopes that someone could provide some insight as to what my best plan of action might be. + +I have read about the SOL for credit reporting being 7 years from the time the account became delinquent, but I don't fully understand the ins and outs and I don't want to get sued unexpectedly for unpaid debt. The reality is I have nothing to my name other than a few hundred bucks in my account at any given time, a 20 year old car, a rented apartment for $900/month (which miraculously did not require a credit check) and most importantly 18 months of sobriety. + +So, where do I go from here? Do I have any shot at fixing my past financial wreckage or is my best bet to start the process of BK and take the fresh start even though it will affect my credit for close to the next decade? + +EDIT* I appreciate everyone's answers and encouragement. One other thing that I don't really understand is why so little of my delinquent debt is in collections and what I can expect to happen in the future. Just seems a little odd that a medical bill that is less than a year old and for a couple hundred dollars would immediately be sent to collections, whereas over $20k in Wells Fargo credit card debt is not. + +Edit #2: Again, thanks for all of the answers and encouragement. I also forgot to add that I have a judgement against me for $3,300 from when I got evicted from my apartment in early 2013. Based on my credit karma app the judgment was posted on 5/2013. + + +[This post was locked](https://www.reddit.com/r/fatFIRE/comments/r4i2r9/opportunity_to_buy_preipo_shares_in_spacex/) by mod so I thought to start a new one only because I was surprised by the lack of due diligence by both the poster and the commenters. A quick google search yielded this excerpt from a [CNBC article](https://www.cnbc.com/2021/10/08/elon-musks-spacex-valuation-100-billion.html) from Oct 8: + +**SpaceX has an agreement with new and existing investors to sell up to $755 million in stock from company insiders at $560 a share, according to people familiar with the deal.** + +[Further search](https://finmasters.com/how-to-buy-spacex-stock/) yields info on how to buy Shares: + +You may be able to buy SpaceX shares through these marketplaces. + +* [Forge Global/Sharespost](https://sharespost.com/rivian_stock/) is the product of a merger between two major pre-IPO marketplaces. The minimum investment is $100,000. Some shares may have higher minimums. Potential buyers may need to pass a qualification process.Ā Ā  +* [EquityZen](https://equityzen.com/company/rivianautomotive/) acquires pre-IPO shares from early investors and employees and makes them available to qualified investors. There will be a qualification process and the minimum investment is $10,000, potentially higher for some shares. +* [SecFi](https://www.secfi.com/products/for-investors) specializes in linking outside investors with employees who need to liquidate their stock options. + +On the face of it, it appears the ask ($650/share + 3.8% + 2% annual + 20% carry?????) in the original post is a bit scammy. Consider this post more about doing basic research than about SpaceX. +(Using a throw away because I usually just lurk) +Well technically my family has been homeless since February of this year. We we're living with my Aunt up until last month but the problems with her husband(to say the least) put a strain on our relationship and she said we had to leave or we would be removed from her home. After that whole situation my siblings and I moved in with my Uncle while my mom and grandma moved into a motel. He said he couldn't take us all in and he just wanted to be left alone. Now he wants us to leave ASAP + +My family consists of myself, my mother,brother, sister,and my grandmother. We also have 3 adult cats. + +I work as a manager at McDonald's full-time and will be going to college part time to work on a Nursing degree. My sister is going be working as a reader for her english professor while finishing her AA for English. My mother is paid for in-home health care for my grandmother. My brother doesn't work and my grandmother receives SSI. + +We've been applying to any available rentals but we believe our grandmother has an eviction on her record that she won't admit to. And we're not sure how to get confirmation of this either. + +I'm ready to give in. We keep trying and trying but it's gotten us nowhere. Any advice would be great. + +Edit 1 : I'm feeling a bit overwhelmed at the moment and will check back in later this evening or tomorrow. I really appreciate the advice you've all given me so far. It's definitely comforting to have help and be given advice right now. Thank you ! + +Edit 2 : We live in San Joaquin County in Central California,US. If it helps to understand the situation. + +UPDATE - We'll be moving into a hotel tomorrow. The cheapest we could find will costs us $2,080 a month and we roughly earn $3,000. During this time we'll be trying to continue to add to our moving fund and work out my grandmother's record situation. Also my sister has decided it to be best if she went her own way and has an interview set up for a second job. She hasn't decided if she'll be living with us at the end of all this. We've also talked our brother into finally seeing a doctor and will be looking into applying for Disability. I'm going to continue working full-time while trying to manage college courses for my major. My sister and I are currently waiting for FAFSA and Pell Grant to kick in to buy is some time if needed. + +I'll be working for the next 8 days straight but will definitely keep thinking about and researching everything I've been told by you all. Honestly I am so grateful that you've all shown me and my family sympathy and offered helpful advice despite being a complete stranger. My own family has not been so kind. Thank you !!! +Credit to u/comment-this for setting up and allowing us to easily get it back up and running and also to u/SwedishStockAddict for taking on the domain. + +Happily take any backed up DD to get things onto it again. Will make slight changes to it in the meantime, open to suggestions. + +Thanks everyone for the mass notifications this morning. Weā€™re also working on something else too! šŸ‘ + +EDIT #DRS +Currently trading at 324/share. The PE ratio for the standalone statement is at mere 16. This is mouth watering since competition banks like HDFC and Kotak are in 30s. (There is huge difference is market cap though) + +Also, there has been decent insider buying. 21crores the past month. The promoter holding is low. The sales have grown too, so have the operating profits. Although, the income from 'other sources' is high. + +I've read Peter Lynch books and he says one with Low PE ratio, low promoter holding and insider buying is a good sign that the company is doing well. + +Is there something else that I need to look at? + +EDIT: Sales growth +Hello fellow Investors, + +Stupid millennial here. I was doing some research on how hard can it be to attain Financial Independence after saving and investing heavily for sometime and live just from the returns of your investments for your rest of life. + +Just to give a quick overview of me. I started investing about 1.5 years ago. My current total investment is 6.3L in MFs and stocks and their current value is 7.3L. Currently working as software engineer and making good salary(\~90k per month post tax). I live in a rented house with my parents and I am able to manage all my expenses for around 6L per annum and very happy with this life style. So, I wanted to see how hard can it be to save money and stay invested and live rest of the life from your investments with same lifestyle of 6L per annum. + +I made the below excel sheet to see how much I need to save to quit from my job as soon as possible(5 years in my case) and attain financial independence. Here are few of the assumptions I made in my calculations: + +1. Inflation rate is 6% every year(I know it might vary and only going to increase in future) +2. Return rate is 10% every year(This is also going to vary highly every year and depends on investments performance. But, I want to invest only on passive Index funds and I guess expecting 10% average return is reasonable in long run) + +Calculation screenshot: [https://imgur.com/ila9mmL](https://imgur.com/ila9mmL) + +Excel sheet If you want to check: + +Read-only - [https://docs.google.com/spreadsheets/d/1g9OhbvSw8urrkKwV7VoLKomFVco\_6GXbN83B-VwZjIc/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1g9OhbvSw8urrkKwV7VoLKomFVco_6GXbN83B-VwZjIc/edit?usp=sharing) + +Edit-access If you want to play with numbers - [https://docs.google.com/spreadsheets/d/1X3ONYKfdAM\_WOilvE-uO4jpEoTst5v88oVWQljHVSJg/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1X3ONYKfdAM_WOilvE-uO4jpEoTst5v88oVWQljHVSJg/edit?usp=sharing) + +In the calculation I have used, I have kept the savings amount as 24L per annum. If you are wondering if it is possible to get 24L per annum post tax in India. Yes, it is possible if you are able to make it in FAANG or unicorn startup companies. You can refer glassdoor or leetcode to know salary of different companies. Example, + +[https://leetcode.com/discuss/compensation/1151753/Amazon-or-SDE-II-or-Bangalore](https://leetcode.com/discuss/compensation/1151753/Amazon-or-SDE-II-or-Bangalore) + +I know it is not as easy as it sounds and it is very hard to get into these companies. But, I would like to know if it is worth the effort(say prepare for one year rigorously to get into these companies) and retire after 5 years. + +From my calculation, I can see my investment can last till my age 70, If I only withdraw 6L(inflation adjusted each year) each year after 5 years. + +Here are few more points which I want to add to make it clear from my perspective and need help: + +1. I want to know If I have made by blunders in my calculation and do I need to add anything else. Happy to receive any positive/negative feedback. +2. I know 10% average returns is CAGR and the returns might vary year to year. Like in case of market crash happened during COVID, you might even be in negative returns for that year. But, I feel like this should not affect in long run, as market corrects itself. +3. By attaining financial independence or retirement, I don't mean quitting my job and doing nothing all day and go on vacation. To me, after attaining FI, I want to do the stuffs which I love and want to make a living from it.(I know it kind of sounds cringe like a movie dialogue). I am very much interested in content creation wrt to teaching. I always wanted to make a blog/youtube channel and do some content related to technical stuffs(which I know is a niche topic and will not attract many audience). There is also no guarantee that this will make money any time soon or even ever . So, if I attain FI, I don't have to care about my expenses and can do this and hope it will succeed one day. +4. I am not interested in buying house/land and happy with rented house. My father has some lands on my hometown and even If I want to build my own house, I will only build it here and will not in cities as the price is very high in cities. +5. Only high expense which can come in near future is my marriage(around 7L). I know after marriage your expenses are going to shoot up a little. But, I believe If I marry some one who is a working professional and understands about savings/investments, then we can definitely make it without much issues. +6. I have health insurance for me and my parents(5L + 25L super top up). I know sometimes you can't cover everything in insurance and it is always good to save some emergency funds. So, I am planning to save 10L for emergency fund. +7. I also have self control of not looking at the charts and worry about anything. I am invested in stock market/MFs for 1.5 years and I have never sold a stock/withdrawn from MFs. I watch my investments only in weekends and If there are any market crash(my friend who does short term trading informs me on this),then I go to buy more. So, I believe I can stay invested for 5 years without any problems. + +**TL;DR: Noob millennial investor, wants to know how hard it is to attain financial independence and live out of your investments. Happy to take any kind of feedback.** +Hi all, + +My friend has a new born baba and is looking to start his life off right with a long term savings account she can surprise him with later in life. + +Do any of you know of any accounts that can be made in a family members name and the tax implications of making such an account? + +Cheers! +I'm not auto savvy by any means. Sure I know makes/models and I can put a car from park to drive and back to park again, but when it comes to anything under the hood and below I'm clueless. + +I recently had some work done. Once completed, the mechanic mentioned that I should look at replacing my brake pads and quoted me $200+. + +I looked online and watched some tutorial videos and decided to take the plunge. I spent $20 on a tool/ratchet set, $50 on front and rear pads (after a 25% off coupon), and borrowed a jack. + +I didn't get the job done as fast a mechanic would have, but with each tire the process started to get a little quicker. If anything, it took more muscle power than brain power if that makes any sense. + +I didn't time myself, but I probably spent 1-1.5 hours and for the dollar savings I would happily do it again. If your brakes are squeaking or you are feeling frisky go look one up a how-to-video for your make/model and you may just surprise yourself. +I keep hearing constantly to just put your money into index funds because it is very unlikely that YOU as an investor have the ability to outperform the market. + +So why are there so many individual investors then and why doesn't everyone just put their money into index funds? + +I'm confused because yes the point is to make money, but there have to be downsides to just blindly putting your money into index funds because I see rarely if ever many people doing that strategy. +I'm seeking some advice, and hoping the community can provide some based on experience... + +I have a working trading plan/setup that involves Support and Resistance, VWAP, and a Stop of 10%. When this setup is presented, I get in. However, when I see profit of 10 cents, I up my Stop to 5 cents above entry price to prevent turning profit into loss. Most of the time, this is price action, and the price continues to go in my chosen direction after getting stopped out early. Other times, I've been wrong, and have been glad to have been stopped out for very small profit. + +What are some recommendations to handle this? Should I implement a 1:1 R/R ratio of 10%, and don't touch my Stop at all believing in my conviction for taking the trade? Overtime, how profitable can I remain while continuing to do things the way I'm doing it? + +Thank you for all responses! +Hi all, + +I've been offered a new job in the private sector and have been considering taking it up for the experience. My current role in the public sector, while safe, is starting to become stale and I'm no longer growing from the work. + +I have also taken up a mortgage with no emergency buffer for repayments. + +I having trouble deciding what to do. Can anyone provide comments that may help with my situation? + +I've come up with a pros and cons list for my situation: + + +Pros to taking a up the new job: +- Experience as a consultant and the private sector +- 5k annual pay increase + +Cons: +- Longer and inflexible hours +- Probation period - I may not meet their expectations and lose my job, therefore defaulting on home loan and selling. + + +Pros for staying in my current job: +- Supportive team +- Stable job +- Flexible hours +- Long service leave in 3 years + +Cons +- 5K less pay +- Work routine and repetitive +- No opportunity to advance to the next pay bracket until a position becomes vacant. +I'm a software engineer and today I got a LinkedIn message from Susquehanna saying they have openings in their Philadelphia, Chicago, and New York offices. + +I'm trying to figure out how to word my response to them. Earlier in the week, also through LinkedIn, I got a message from Amazon about a job and told them I was not interested in working for Amazon. Maybe I'm a bit sadistic but it was really fun to not only turn them down, but to let them know I didn't like their company. + +I'm thinking I'm going to send a similar response here but let them know as a GME hodler there is no way I could work for a hedge fund - or something to that effect. + +&#x200B; + +https://preview.redd.it/y52zbigr9fm81.png?width=877&format=png&auto=webp&s=56c6e4311d91a14c864b9a7ba09193c07e7e96e8 +Any accountants up in here? Would think by nature of our business that we are the more detailed-oriented ones, especially when it comes to a financial/numbers perspective. Just curious to hear more stories from accountants who are on the FIRE path. + +Our career path and titles are pretty standardized so I would think the motions are very similar, but any tips/advice along the way would be great to hear about. + +For me personally, I've done the Big 4 route as an auditor and am now in industry as an Accounting Manager. I'm making low six-figures. I live in a HCOL area and my savings rate is about 50%. I'm still in my early 30s with about $600K in net worth. Most of my net worth build was attributed to investing in the S&P 500 and appreciation of the home I currently live in. About half of my net worth is in investments, including 401K and Roth IRA. I max out my traditional 401K and Roth IRA annually, and am hoping to FIRE in my early 50s with about $2.5M. I recently started my own bookkeeping practice as a side hustle in hopes to accelerate that even earlier. + +My personal advice echoes what this sub says time and time again, which is that the best time to invest was yesterday and the second best time to invest is today. I wish I wasn't feeling so certain a recession was coming in the 2010s and I know I missed quite a rally in my personal investment accounts by having too much money in cash. Nowadays, I have set up automatic investments of $500 every two weeks into my personal investment account (VFIAX fund), and my only regret is I am not putting more than $500 (still got a good chunk in cash as a safety reserve to hopefully buy a bigger home soon). +I heard that a few months ago Jeff Bezos sold around 4 billion dollars worth of Amazon shares. I know that alot if this money went to funding his space company and other things, but I am wondering how someone can store millions or billion in cash. I know that U.S banks only ensure 250k, so when Bezos did this, where was the money kept? + +This is my first post, so I'm not sure if there us a better place to share it. +Hi guys Iā€™m 23 years old and married. I am buying my first house and had a question. I have the money for 20% down. Should I do this or should I invest the money in my retirement and only put 3.5% down? It will up my monthly payments by about 300 dollars. In the long term putting the money in retirement would make more over the house. But the higher mortgage payment makes me worry more. What are your thoughts? Some more info below + +Income- 90k (will drop in 3 years because wife will stop working. Will probably be around 70-80k then) + +20% down mortgage payment - 1300 +3.5% down mortgage- 1600 + +Iā€™m an accountant + +The house is $292,955 + +Edit: mathematically speaking if I put 3.5-5% down and invest it in retirement it would net me over 600k more in retirement. The loan would cost me 75k more or so to not do the 20%. Seems like a no brainer? +I've just bought a house and I'm currently purchasing furniture for it. + +I'm buying the bedding from John Lewis. They say that one of the things you should never "cheap out" on is a mattress. I'm willing to spend around Ā£1200. + +Are pocket sprung generally regarded as being better than memory foam? + +I don't suffer from any back issues. I just want something super comfortable, doesn't everyone! +Guten Morgen to this global band of Apes! šŸ‘‹šŸ¦ + +The sustained low volume continues to excite, as it shows me that our steady DRS drumbeat continues to have an impact. +Even when you consider the impact that a lower price point ought to have on volume, we're seeing all-time lows when GME continues to be the hottest among the 'stonks'. +I delight in seeing the steady flow of DRS posts, and eagerly look forward to the next quarterly report. + +A month or two ago, I suggested that Apes make a list of the reasons that they HODL, and to update that list regularly and to consult it before considering any sale of shares. +I realized yesterday that it had been too long since I'd updated mine. +As I amended my list, I realized how much the tiny daily events we see can accumulate. +If you haven't spent serious time with your list recently, I highly recommend doing so. + +Today is Monday, September 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: **$25.11 / 25,74 ā‚¬** *(volume: 6357)* +- šŸŸ© 115 minutes in: $25.10 / 25,73 ā‚¬ *(volume: 6357)* +- šŸŸ„ 110 minutes in: $25.10 / 25,73 ā‚¬ *(volume: 6340)* +- šŸŸ© 105 minutes in: $25.10 / 25,73 ā‚¬ *(volume: 6336)* +- šŸŸ„ 100 minutes in: $25.07 / 25,71 ā‚¬ *(volume: 6309)* +- šŸŸ© 95 minutes in: $25.09 / 25,72 ā‚¬ *(volume: 6309)* +- ā¬œ 90 minutes in: $24.85 / 25,48 ā‚¬ *(volume: 6038)* +- ā¬œ 85 minutes in: $24.85 / 25,48 ā‚¬ *(volume: 5932)* +- ā¬œ 80 minutes in: $24.85 / 25,48 ā‚¬ *(volume: 5932)* +- šŸŸ„ 75 minutes in: $24.85 / 25,48 ā‚¬ *(volume: 5847)* +- šŸŸ„ 70 minutes in: $24.96 / 25,59 ā‚¬ *(volume: 5451)* +- šŸŸ„ 65 minutes in: $25.01 / 25,64 ā‚¬ *(volume: 4621)* +- šŸŸ„ 60 minutes in: $25.14 / 25,78 ā‚¬ *(volume: 4021)* +- šŸŸ„ 55 minutes in: $25.24 / 25,88 ā‚¬ *(volume: 2551)* +- šŸŸ© 50 minutes in: $25.24 / 25,88 ā‚¬ *(volume: 2536)* +- šŸŸ„ 45 minutes in: $25.24 / 25,88 ā‚¬ *(volume: 2536)* +- šŸŸ© 40 minutes in: $25.25 / 25,89 ā‚¬ *(volume: 2532)* +- šŸŸ© 35 minutes in: $25.23 / 25,87 ā‚¬ *(volume: 2532)* +- šŸŸ„ 30 minutes in: $25.22 / 25,85 ā‚¬ *(volume: 2532)* +- šŸŸ„ 25 minutes in: $25.22 / 25,86 ā‚¬ *(volume: 2440)* +- šŸŸ„ 20 minutes in: $25.24 / 25,88 ā‚¬ *(volume: 2425)* +- šŸŸ© 15 minutes in: $25.36 / 26,00 ā‚¬ *(volume: 461)* +- šŸŸ„ 10 minutes in: $25.25 / 25,88 ā‚¬ *(volume: 211)* +- šŸŸ© 5 minutes in: $25.26 / 25,89 ā‚¬ *(volume: 206)* +- šŸŸ© 0 minutes in: $25.25 / 25,89 ā‚¬ *(volume: 206)* +- šŸŸ„ US close price: $25.04 / 25,67 ā‚¬ *($25.13 / 25,76 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 0.9754. 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 bought 100 shares of $CLOV at a net $9 share. I have been selling covered calls at $11 and did ok collecting a little income while the underlying languished. Now that is busting up (over $12 in after hours), I am pretty much locked in. I make a bit of profit so its not all a loss if the call gets exercised. + +I certainly understood the risk making the position. I am ok with it all. It has me thinking if there is anything I can do to improve my position though other than buy out my call? +Did you miss the boat by not taking the huge opportunity to buy into DOT and/or KSM early? + +ā€‹ + +KSM has gone from a market cap of around 6 million in January 2020 to now being worth 3.7 billion even before their main net is live. That's over 600x in roughly 12 months. + +ā€‹ + +The reason for these gains is that most other layer 1 protocols have bottle necks and sacrifice certain parameters for others. Whereas ParaChains are decentralized, highly scalable, secure, forkless & interoperable. + +ā€‹ + +Finally, a second chance with CellFrame / $CELL. Launched only one week ago and is the ONLY competitor using comparable technology. This project legitimately feels like a second chance at getting into KSM and DOT at a micro cap level. + +ā€‹ + +CellFrame brief overview: + +ā€‹ + +\- CellFrame will have CellChains and is the only blockchain with comparable tech to what $DOT / $KSM are doing with ParaChains. + +ā€‹ + +\- In development for over 4 years with an extremely active Github. + +ā€‹ + +\- 100-1000x lower market cap than KSM & DOT. + +ā€‹ + +\- CellFrame will have CellChain auctions, live in June 2021 with only 50 available & the lease will be for 3 years. + +ā€‹ + +\- Designed to build & manage quantum-safe blockchain solutions with Cellframe SDK. + +ā€‹ + +\- Visible and highly experienced team backed by some of the biggest VCs in the industry. + +ā€‹ + +Detailed overview: + +ā€‹ + +CellFrame's built with 2 layers. One is the private shard with it's own consensus & token $CELL. + +ā€‹ + +The ledger on the private shard will be the same across all other blockchains. Each will have their own wallet but they can communicate with each other. + +ā€‹ + +This allows transfers or trading of tokens from Ethereum to Polygon or BSC ETC, as long its compatible. Meaning just like KSM and DOT the CellFrame ecosystem and code base is decentralized, highly scalable, secure, forkless & interoperable. + +ā€‹ + +Cross chain bridges for Substrate & Bitcoin are already planned for Q2 and EVM based contracts in Q4 along with their main net. + +ā€‹ + +The second layer is for sub shards which are similar to DOT / KSM parachains. This allows for launching customizable subchains and tokens. There will be 50 CellChain slots in total which will be auctioned starting in June this year. + +ā€‹ + +This will create huge demand for the native CELL token as projects or businesses will need to bid for these slots and then this supply will be locked for 3 years. + +ā€‹ + +With CellChain auctions going live in June and a fully fledged marketing campaign due to kick off within days, this is your chance to buy into a project that's bound to be one of the most hyped projects in 2021 before it's market cap is in the billions like KSM and DOT. + +ā€‹ + +Links: + +ā€‹ + +Website: [https://cellframe.net](https://cellframe.net) + +ā€‹ + +Twitter: [https://twitter.com/cellframenet](https://twitter.com/cellframenet) + +ā€‹ + +Telegram: [https://t.me/cellframe](https://t.me/cellframe) + +ā€‹ + +Github: [https://github.com/demlabs-cellframe](https://github.com/demlabs-cellframe) + +ā€‹ + +Medium: [https://cellframe.medium.com/](https://cellframe.medium.com/) + +ā€‹ + +Linkedin [https://www.linkedin.com/company/cellframe](https://www.linkedin.com/company/cellframe) + +Edit: Adding Dextools and Coingecko + +Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0x9c4cC862f51b1ba90485de3502aa058ca4331f32](https://www.dextools.io) + +CoinGecko:[ https://www.coingecko.com/en/coins/cellframe](https://www.coingecko.com/en/coins/cellframe) +https://www.cnbc.com/2019/10/20/boeing-survey-shows-safety-workers-felt-pressure-from-managers-report.html + +The survey, reviewed by CNBC, found that about one-third of employees who responded felt ā€œpotential undue pressureā€ on the job. + +Respondents complained of problems stemming from aircraft safety activities. + +The report was not specific to the 737 Max aircraft. +My husband is quitting his job tomorrow. Thereā€™s nothing I can do about it. I get it, itā€™s killing him. Heā€™s having anxiety attacks and chest pains, the phone never stops ringing, he can *never* take a day off without soul crushing reminders about what heā€™s neglecting while heā€™s away. +He makes about 110k a year, I work part time for 15 an hour about 15-20 hrs a week. We have two kids. A mortgage, a second home we make about 200 a month on (we couldnā€™t sell it so weā€™re renting it out) two car payments, plus the regular bullshit bills that come with a home and a family. He plans to liquidate his 401k because we donā€™t have much in savings. I am terrified and I could use some advice on dealing with the fallout. +Guten Morgen to this global band of Apes! šŸ‘‹šŸ¦ + +Indications that a Loopring / GameStop announcement is nearing continue to pile up, but as yet there isn't any official announcement. Nevertheless, such a partnership can only mean bad things for the SHFs - GameStop using Loopring L2 technology means that a wide range of technologies are possible without enormous 'gas fees' or long transaction times. While it's not a great idea to speculate about the exact form of the tech, I am very eager to learn more about how they plan to revolutionize gaming and retail using such tech. + +Tuesday also had a bit of a FUD?/not-FUD? undertone. Apes have long known that buying shares is the surest way to board the MOASS rocket, and that many of the highly-speculative options contracts that Apes bought only ever served to put cash into the SHF coffers. We now know that shares + DRS are the best way to HODL shares, but u/criand opened a conversation on the impact that ITM / ATM options contracts *could* have on triggering the MOASS. + +For those of you who have never dealt in options, I highly recommend that you not start dabbling in options on GME. The contract prices are very high, and the stock is so heavily manipulated that it's difficult to predict any sort of safe investment. Criand raises a lot of good points about the impact that option leverage can have if the contracts are delta-hedged, but I think the point of his post is to try to dig up a better understanding of what kind of impact that leverage brings rather than to suggest that many Apes should start buying ITM/ATM calls to try to force a squeeze. Options have a very high risk of becoming worthless, and I hope that Apes don't lose moon tickets by making speculative option plays. DiamantenhƤnded Apes who HODL shares are the backbone of this movement. + +Today is Wednesday, November 17th, 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: **$207.98 / 182,95 ā‚¬** *(volume: 446)* +- ā¬œ 115 minutes in: $208.02 / 182,99 ā‚¬ *(volume: 443)* +- šŸŸ© 110 minutes in: $208.02 / 182,99 ā‚¬ *(volume: 431)* +- šŸŸ„ 105 minutes in: $208.01 / 182,98 ā‚¬ *(volume: 431)* +- šŸŸ„ 100 minutes in: $208.02 / 182,99 ā‚¬ *(volume: 414)* +- šŸŸ© 95 minutes in: $208.03 / 183,00 ā‚¬ *(volume: 414)* +- šŸŸ„ 90 minutes in: $208.02 / 182,99 ā‚¬ *(volume: 396)* +- šŸŸ© 85 minutes in: $208.08 / 183,04 ā‚¬ *(volume: 388)* +- šŸŸ„ 80 minutes in: $208.02 / 182,99 ā‚¬ *(volume: 377)* +- šŸŸ© 75 minutes in: $208.16 / 183,11 ā‚¬ *(volume: 366)* +- šŸŸ© 70 minutes in: $208.12 / 183,07 ā‚¬ *(volume: 330)* +- šŸŸ„ 65 minutes in: $208.06 / 183,03 ā‚¬ *(volume: 330)* +- šŸŸ© 60 minutes in: $208.15 / 183,10 ā‚¬ *(volume: 283)* +- šŸŸ© 55 minutes in: $207.95 / 182,93 ā‚¬ *(volume: 282)* +- ā¬œ 50 minutes in: $207.89 / 182,88 ā‚¬ *(volume: 246)* +- ā¬œ 45 minutes in: $207.89 / 182,88 ā‚¬ *(volume: 242)* +- šŸŸ„ 40 minutes in: $207.89 / 182,88 ā‚¬ *(volume: 239)* +- šŸŸ© 35 minutes in: $207.92 / 182,90 ā‚¬ *(volume: 230)* +- šŸŸ© 30 minutes in: $207.89 / 182,88 ā‚¬ *(volume: 229)* +- šŸŸ„ 25 minutes in: $207.88 / 182,86 ā‚¬ *(volume: 221)* +- ā¬œ 20 minutes in: $208.35 / 183,27 ā‚¬ *(volume: 122)* +- šŸŸ„ 15 minutes in: $208.35 / 183,27 ā‚¬ *(volume: 119)* +- šŸŸ„ 10 minutes in: $208.63 / 183,53 ā‚¬ *(volume: 97)* +- šŸŸ© 5 minutes in: $208.66 / 183,55 ā‚¬ *(volume: 87)* +- šŸŸ© 0 minutes in: $208.35 / 183,28 ā‚¬ *(volume: 82)* +- šŸŸ„ US close price: $207.18 / 182,25 ā‚¬ *($207.50 / 182,53 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 1.1368. 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! +With Christmas being around the corner, my wife and I have finished buying all the gifts we were planning on giving. We have our own budget on how much weā€™re going to spend on gifts. For us, we select those we want to give gifts to and then assign a monetary budget for each of them. But it made me think, how do others budget for gifts? Or is budgeting for this limiting the amount of gratitude we are giving (ie. should this even be budgeted?) +Hey everyone just wanted to see what everyones thoughts were regarding this sh*t situation I have been put in. My partner of 3 years cheated on me as I found out a few days ago, this has been going on for 2 months prior with me being suspicious and trying to figure out what was going on... anyway no need for the whole partner story. + +My main concern is that we settled on our first home together 6-7 months ago now with it signed in both of our names. We got the FHOG and government LMI scheme also with this due to me being savvy and timely, a brief rundown on both of us: + +Me: +- 66k/ year +- 5% deposit +- No debt +- No credit cards +- Healthcare worker with stable job + +Partner: +- 24k/year from last financial year on house application but has since moved into 50k/year job (which is also threatened now so possibly no job) +- 5% deposit +- No debt +- Lost 2 jobs due to covid/ work issues? + +Differences: +- I have paid well over 5.5k into variable account, she has paid 3.5k roughly but has multiple redraws (terrible with money) +- I have paid 3 fortnights worth of food bills mortgage etc when in downtime between jobs +- I pay 50% more into bills and most weeks food. +- Having crunched these numbers I discovered I am owed well over 11k without calculating everything into fine detail. + +Now, the burning question. She wants 50/50 of all assets if we split but otherwise wants to make it work (I really want to GTFO because this girl has been a headache). Is she able to take 50/50 of everything even though I can prove I have paid more overall with statements/ receipts? We are in a defacto relationship as of 7 months ago. + +Iā€™m seeking legal advice and have an appointment on Wednesday to discuss further. My ultimate goal would be to keep the house and toss her away but she refused to take a payout or to not go down without a fight which is dogsh*t considering the situation. + +I know capital gains and grants are in play until 12 months. Has anyone had a similar situation before? Located QLD + +Cheers! +Hi, + +I bought around 200 shares of Argo Blockchain (ARB) when it was trading at the 30p mark! I hold it to this very day at a nice tidy profit margin. + +My question is, whether it is still too late to buy more? + +What do you think the future is like for Argo (ARB)? + +Thanks +I have a huge legacy holding of FTSE shares in paper (certificated) form. Every month I'm getting dividend reinvestment script to add to my mountain of paper shares. Is the plan to dematerialize UK shares still on track for 2023-25? + +I have a large number of USA, Canadian, Australian, Japanese, HK and European share holdings, but they're fortunately all in electronic form. Will the UK shares be held via broker accounts or at the registrar as in many other countries? Hopefully individual UK investors won't have to hold them in archaic paid-for CREST accounts, which were designed as a temporary fix... +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +Hi all + +I was wanting to gather some thoughts on a funds pie I have made on Trading 212 which I will initially put a lump sum in and then drip feed a set amount every month for as long as I hold it. I've been tinkering with this the last few days and think I've found a balance I like but before I take the plunge I wanted to throw it out here and get some further opinions. I currently have it set up as follows: + +SMT (Scottish Mortgage Investment Trust) - 40% + +VWRL (Vanguard FTSE All-World) - 20% + +BGCG - Baillie Gifford China Growth - 10% + +RBOD - iShares Automation and Robotics - 10% + +ESPO (VanEck Vectors Videogames & Esports) - 10% + +WCLD (WisdomTree Cloud Computing) -5% + +FLWR (Rize Medical Cannabis & Life Sciences) - 5% + +For context I'm 35 years old (better late than never right?) and I'll be looking to hold these for the long-term (20+ years). I think I've got a good range of diversification but not sure if there's too much overlap in there? Is 6 funds too much? eSports and videogames are something I follow quite closely and, although I may be biased, I can only see it getting bigger in future as more and more people are raised in a digital age. The medical cannabis industry is also something I think has plenty of potential to grow especially as legalisation comes in to play, although I do wonder how much of that is already priced in. I think automation of many industries is only going to keep increasing through the years so I've went for RBOD (edit: I have replaced INRG with this as I can't justify buying INRG at current price). VWRL for a global tracker and SMT as I am confident in tech continuing to grow although I don't expect it to be at the rate it has been growing recently and I like their holdings and I believed in the fund manager's vision. + +I feel as though i have a pretty good balance in regards to managing risk vs potential for growth but would welcome any and all thoughts and opinions or even comparisons with your own holdings to discuss this further. + +Thanks in advance! +End of last year, my parents received an inheritance (paid a lot of tax too) from the estate of my mother's sibling. It was the proceeds of selling a smallish 3 bed house in the south east, so you can imagine a rough ballpark figure we're talking. + +They've not got any plans for it except for maxing out their Premium Bonds, which they are keen on. The rest is just sitting in a current account and I'm worried that they're losing money, effectively, to inflation. + +So I was thinking about Vanguard LifeStrategy products. Now as far as I understand it, they're 80/20, 60/40 etc split between equities and bonds. My parents are late 70s and very risk averse! In theory this is a long term investment but then again, maybe not. So they were quite keen on the 80% bonds option. + +OTOH I heard bonds aren't good when you expect interest rates to go up, which we do expect imminently. + +So, assuming they like the idea of using iWeb to buy LifeStrategy 80/20, do we just do that now or put it in a 3 year savings account and see where we are after that? +I know property is a safe bet, particularly in London where the value is almost certain to continually increase, but it is simply not an option for me. I have done some research into things like debt securities, stocks and shares, and the like. + +I guess what I'm really asking is is there anything I can invest in/buy that could be used as a long-term asset like property is? Something that I could always sell if needs be, or can be factored into savings and retirement plans. +Hi all. +Iā€™m 18 years old now and have about 3k in a savings account. I have been reading about stocks and investments for about 1-2 years now and think I am finally going to pull the trigger. +I am hoping to just put it in an S&P 500 tracker. +My plan is to use Freetrade.io as there are no fees (I wonā€™t need an ISA account for a few years bc I wonā€™t be over the capital gains allowance right?). + +I had been looking at Ā£VUSA. + +Before I do this, I would just like to check a few things. + +Firstly, are there any reasons not to use use Freetrade? + +Secondly, I realise ā€œtime in the market is better than timing the marketā€ etc. but is now a decent time to buy in? The market has dipped but the pound has also dipped this year and if the Ā£ raises too fast would I see losses? + +Also, would it be worth putting some money in a FTSE tracker or a higher risk investment as I am still relatively young? + +Sorry if these are stupid questions. Thank you in advance. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +So I own a condo in Florida that Iā€™m currently renting out and Iā€™m a bit concerned that the HOA continues to vote to not fully fund the reserves. Many of the residents in the building are older so they are happy to vote to not fully fund the reserves so they can pay lower monthly HOA payments. Fully funding the reserves would increase HOA payments by 900%, so Im not exactly jumping at voting yes for that either. The building is also 50 years old, but theyā€™re on track to set aside appropriate funding for a new roof and recently redid the whole pool area which would have been a big cost had they not properly planned for it. I should mention the condo is located on the bay near the ocean. + +Im worried with the age and location of the building that anything could go wrong at any moment and Iā€™m going to be stuck with a huge assessment that would result in me losing money on the rental and making it nearly impossible to sell with a huge HOA/assessment payment. With the Florida real estate market being hot and favoring sellers, Iā€™m wondering if now is the time to sell? I can walk away with at least $80k in profit. +Hey guys and gals, I want to capitalize on the low interest rates but I went back to school for my doctorate and now I don't have a current work history. I work periodically part time but nothing very regular. + +I bought a duplex in 2018, for 150,000 ish using an FHA loan. Current amount is 142k on the loan. One side has been rented out for $725 the entire time (rent for similar duplexes on my street is about 800), tenant is a peach and I live in the other side. Total cost a month in mortgage, taxes/pmi is about $1300/month. + +Curious if there is a way to refi into a low interest rate (mine is 5.5%) during this time or if I just need to wait until I graduate. + +Thank you to anyone who replies. +Edit2: good news: struck a deal with my brick people to also install my balconies. +Went to see pro bono lawyer, told me easy win, just to bring the right docs and proofs. The tenant isnt showing up and I have text proof. + +Going through my first proerty and seem to hit every problem along the way. + +Started new reno, lost financing, lost a contractor, lost a tenant, found more and more to fix. It's on going work and it can be a lot. I know i can't sell for min 6 years to even make my down payment back. + +This is a taugh industry and it will eat you up, use up your rainy day fund and more, stress you to hell and discourage you. + +This is to Hoping it gets better, just saying for many maybe just managing a stock portfolio is the better choice, seriously this is a buisness you need to run and manage. Not a hobby. + +Gona stick with it but, just for fore thaught for new investors. + +edit: 1 contractors have accepted then cancled on me, thinking about just bitting the bullet and getting a real install company. + 7 contractors flaked in 4 days. + + +Money...ya that's still the hard one, might see if I can increase line of credit. + + + +Funny story, had a guy call me saying he can do the job for 80$ a day lol, 300$ for the whole job. I ask him how he's gona haul balconies up to the 2nd floor alone. He says he can find somone to work with him so that 40$ each for 10hrs of work. Then he start talking about how he's gona borrow tools and a truck. I'm actually intrested if he can get a cheap truck though. + +Might hire him just to load everything up if he can get a truck, no way letting him do actual work though. +If youā€™re worried about flying commercial because of the pandemic, Costco might be able to help you out -- youā€™ll just need $17,500. + +The wholesale retailer sells a one-year membership to a private jet charter company called Wheels Up, which allows members to book a private jet ā€œas easily as a ride share or short-term vacation rental,ā€ the product description says. + +Although the $17,499.99 membership is quite a hefty fee, it also comes with a $3,500 Costco Shop Card and $4,000 worth of flight credit. + +Other benefits include ā€œdedicated account management,ā€ a one-year membership with Inspirato, a luxury vacation rental subscription service and ā€œguaranteed nationwide aircraft availability up to 365 days a year,ā€ according to the description. + +Members can either buy an additional ā€œFund Programā€ with lower rates and lower billable fly times, or they can ā€œpay as they fly,ā€ according to the product description. + +The Wheels Up fleet includes more than 300 private aircraft as well as more than 1,250 partner aircraft. + +The company also promises enhanced health and safety measures through its ā€œSafe Passageā€ program, which includes having all Wheels Up aircraft getting an anti-microbial shield treatment at least every 90 days and having all seats and interior surfaces sanitized between every flight, the website says. + +The Wheels Up membership can be found online in the ā€œElectronicsā€ category, or in-store with other gift cards, according to The Washington Post. + +[Source](https://www.foxbusiness.com/lifestyle/costco-selling-private-jet-membership) +I'm 43, spouse is 44. 3 years ago, we opened up our very first retirement account- a Roth IRA. For the first year or so, we could only afford to transfer $25-$50 into that account. Then I was able to find full time work, plus several side hustles. For the last 6 months, we've been able to afford to transfer $100 to our Roth IRA each month-today I went to the make and transferred $100 and now our Roth IRA is worth $2,001.72 + +I know 2K in a roth Ira is not much to brag about, and I know we started late. Our yearly income is just a hair over 28K a year, but I'm so proud! It's something. + +We put off for years opening up a retirement account because we were convinced we didn't make enough money. We only make 17K a year, we only made 25K a year, I only made minimum wage...my spouse is on social security disability, I'm the only one able to work full time, and we used that as an excuse. + +Lesson here-open up a retirement account even if you can afford only $25 a month. It is worth it and can be done. + +I really regret not opening one up a decade ago. +Its been almost a year sinds the bitcoin halving. The halving has always been the start of the bullrun and this time, it wasnt any different. Technical analyst Rekt Capital looks at when the bull run might reach its peak. + +To look when bitcoin will have his peak in this bullrun, we have to look back to see what happend the last couple of times. Important dates are the BTC halvings. The analysis uses the bottom before the bullrun and the peak in the bullrun. Based on these two dates, Rekt Capital try's to predict the future. Here is the anaylsis: + +**Bitcoin halving 1; 28 november 2012:** + +https://preview.redd.it/4efcrj80c9y61.jpg?width=1200&format=pjpg&auto=webp&s=ae9bc3b938a98fb0cbf74d38b2a99bbf459c5f0b + +How many days did Bitcoin bottom before its first-ever halving? **378 days.** + +How many days did Bitcoin top out after its first-ever halving? **364 days.** + +It took roughly the same amount of time for Bitcoin to bottom prior to halving #1 (378 days) as it took for Bitcoin to rally before topping out after its second post-Halving #1 Market Cycle (364 days). + +&#x200B; + +**Bitcoin halving 2; July 9 2016:** + +https://preview.redd.it/l8v5rxixc9y61.jpg?width=1200&format=pjpg&auto=webp&s=ba0eaf0cdb3786c12742226fb13f40d1186615cb + +How many days did Bitcoin bottom before its first-ever halving? **546 days.** + +How many days did Bitcoin top out after its second halving? **518 days.** + +It took the same amount of time for Bitcoin to bottom prior to halving (546 days) as it took for Bitcoin to rally before topping out after its second post-halving market cycle (518 days). + +**This means based on the last 2 bullruns:** + +It takes approximately the same amount of time for Bitcoin to bottom prior to the halving event as it takes to peak after the halving event. + + + +**Bitcoin halving 3; 18 may 2020:** + +https://preview.redd.it/fq97v9scd9y61.jpg?width=1200&format=pjpg&auto=webp&s=ef6c36ed017341762dd24415b97d9aabed89ad69 + +**Conclusion:** + +Bitcoin bottomed 511 days before halving 3. + +So if it takes BTC 511 days after the halving to peak: that means that Bitcoin is likely to top out in early Q4, 2021. **Specifically: October 2021.** + +Ofcourse every bullrun is a bit different. Based on the analysis we still have a major peak to get in the next couple of months. But it wont last till the end of the year. + +Stay safe :) +Iā€™ve seen there is a bit of confusion on understanding why coins that are just deployed burn 50% or 99% of their supply. Some people say to increase scarcity. Sadly not, if they wanted a scarce coin they would have deployed it already with a low supply, so the answer is another: To hide their whales. + +If i deploy a coin on BSC with 100m supply and burn 50% of it as soon as itā€™s deployed, and own 10m of it myself, my wallet will be listed as having 10% of the supply while i have actually 20% of it, since BSCscan keeps in account also the burn address in the whole supply pool. + +If i deploy a 100m supply coin and hold 100k of it while burning 99% of the supply then my 100k will be listed as ā€œonlyā€ 0.1% of the supply while i actually hold 10% of the circulating supply (the remaining 1 mil). And so on. + +So beware of coins that burn their supply as soon as they are deployed. +**Confusion around the recent stock split runs rampant. Here are the details on the stock split, and what to ask your broker to confirm that you received your dividend shares:** + +**Official GameStop corrspondance on the stock split:** + +* [https://gamestop.gcs-web.com/sec-filings/sec-filing/def-14a/0001193125-22-113167](https://gamestop.gcs-web.com/sec-filings/sec-filing/def-14a/0001193125-22-113167) +* [https://gamestop.gcs-web.com/node/19826/html](https://gamestop.gcs-web.com/node/19826/html) +* [https://gamestop.gcs-web.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8](https://gamestop.gcs-web.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8) + +&#x200B; + +**This is a stock split** ***in the form of a stock dividend***\*\*.\*\* This is not a stock dividend (which debits GameStop's retained earnings and is a taxabel event). Nor is it a traditional (forward) stock split. It is a stock split *via* stock dividend. The difference is in the *distribution* of shares for the split. + +*Stock split (Traditional):* Existing shares in account are multipied by the split ratio and price is adjusted accordingly. Not a taxable event. + +*Stock split (Dividend):* The DTC distributes additonal shares by the split ratio and price is adjusted accordingly. Not a taxable event. + +**Process:** + +GameStop approves the stock split in the form of a stock dividend and tells their transfer agent ComputerShare to distribute the dividend shares on the distribution date of the split. A corporate action notice goes out to the DTCC who in turn communicates this corporate action to broker-dealers. + +On the distribution date, Computershare credits DRS accounts and sends the residual dividend shares to the DTCC. + +The DTCC through the CNS (Continuous Net Settlement) process allocates the dividend shares to broker-dealers and the broker-dealer credits all eligible individual investor account with the shares. + +**Concerns and clarifying with your broker:** + +Different brokers will have different statement reporting techniques. The transaction should be recorded as a stock split not a stock dividend. If you have concerns that the stock split has been done as a forward split and not a dividend split, then you need to ask your boker if they received a corporate action notice for a traditional (forward split) or a stock split in the form of a stock dividend. Further to this, clarifyingthey receieved a distribution of shares from the DTC and didn't just switch your one share into 4 shares. + +&#x200B; + +**What happens next?:** + +All investors who hold GameStop that have not lent out their shares are entitled to and should have received the dividend shares. However, given that ComputerShare issued only a fixed amount of dividend shares to the DTCC, and due to naked shorts / synthetics shares, there were not enough shares distributed from the stock split to credit all entitled shareholders. Therefore behind the scenes shares have been internalized (shares have been credited to shareholder accounts for the stock split dividend but the shares were never received by the DTCC from ComputerShare). + +Additionally, there are over 90 million shares lent out by brokers, and if the broker did not recall the the shares prior to the stock split then the broker did not recieve the stock split dividend shares from the DTCC to be able to credit the dividend shares to their clients accounts. As the broker had to credit the shares to the client accounts, they are working behind the scenes to reconcile the missing shares with the borrower / shorts (the borrower is responsible for the missing dividend shares, and if they sold/shorted the shares they borrowed then they did not receive the stock split dividend shares (the investor who bought the shorted shares has received them). + +Therefore, for every legally borrowed/shorted share, and for every naked/syntethic share in existence (for which the DD supports is in the hundreds of millions to billions), the three additional dividend shares from the stock split have to be covered. This is what has been internalized and needs to be reconciled behind the scenes. + +**All short positions and all synthetic positions dilute the value of GME. As the shorts/synthetics and internalized divididends are closed - the price of $GME will increase. What might this mean for future GME price appreciation?!? A comparative look at Tesla's stock split. Spoiler Alert - This Could Be HUGE!:** + +[*https://www.reddit.com/r/Superstonk/comments/vt5q45/gamestop\_has\_announced\_a\_41\_stock\_split\_in\_the/?utm\_source=share&utm\_medium=web2x&context=3*](https://www.reddit.com/r/Superstonk/comments/vt5q45/gamestop_has_announced_a_41_stock_split_in_the/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +For brokers that haven't processed the stock split via dividend, or for other identified manipulation and illegal practices identified against GME - *Make your voice heard outside of reddit. Please save this quick link resouce for lodging a complaint.* ***A quick referenceresouce for both domestic and international apes, that includes agency link contacts (SEC, DOJ etc), templates for complaints, social media contact links, and media / journalist contact links for complaints:*** + +[*https://www.reddit.com/r/Superstonk/comments/scj6ae/an\_extensive\_quick\_link\_resource\_to\_file\_a/*](https://www.reddit.com/r/Superstonk/comments/scj6ae/an_extensive_quick_link_resource_to_file_a/) + +&#x200B; + +Edit add ***TL;DR*** + +&#x200B; + +* Stock dividend: GameStop would have had to debit retained earnings, and it would have been a taxable event. This was not a stock dividend, but a stock split via dividend distribution. +* Stock split (forward or dividend): No capital account adjustment to retained earnings, and it is not a taxable event. With both forward or dividend splits, shares outstanding are increased and value is decreased proprotionately. +* For a forward split, no shares are actually distributed between ComputerShare, DTC and Broker-Dealers. A corporate action notice goes out and brokers simply multiply every original share times the split ratio for each investors account, price is adjusted accordingly. +* For a dividend split, shares are actually distributed between ComputerShare, DTC and Broker-Dealers. An adjustment is made through the CNS (Continuous Net Settlement) process between the DTC and Brokers for the distribution of the shares. Price is adjusted accordingly. +* GameStop did a stock split via dividend distribution and this hurts the synthetics/naked shorts. + +&#x200B; + +Buy, Hodl, DRS & 'Share the Story' + +>To the moon fellow apes! + +&#x200B; + + DISCLOSURE: * Information contained in this email has been compiled from sources believed to be reliable in nature. No representations or warranty, express or implied, is made by as to its accuracy, completeness or correctness. All opinions and estimates contained in this email are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this email or the information contained herein. * + +*Edit* *Addendum: There are lots of questions around the DTCC / Broker treatment of the stock split in the form of a stock dividend.* + +***The FC-06 code is debunked / incorrect:*** [*https://www.reddit.com/r/Superstonk/comments/whoz2t/comment/ij794dr/?utm\_source=share&utm\_medium=web2x&context=3*](https://www.reddit.com/r/Superstonk/comments/whoz2t/comment/ij794dr/?utm_source=share&utm_medium=web2x&context=3) + +**However, there is definitive proof that the stock split dividend has been incorrectly processed:** [*https://www.reddit.com/r/Superstonk/comments/whu9dm/we\_having\_fun\_yet/?utm\_source=share&utm\_medium=web2x&context=3*](https://www.reddit.com/r/Superstonk/comments/whu9dm/we_having_fun_yet/?utm_source=share&utm_medium=web2x&context=3) + +**If you are concerned your broker processed the stock split as a traditional stock split (forward) instead of a stock split (dividend), you may want to ask :** + +" With regareds to GameStop's stock split in the form of a stock distribution, I would like \*you/broker\* to confirm that this was not processed as a traditional forward split. Please confirm that the DTCC / CDS distributed the newly issued GME shares (4:1 ratio) to you as part of the distribution process of GameStop's stock split in the form of a stock distribution." + +You can add the following also: + +GameStop press release: [https://news.gamestop.com/stock-split](https://news.gamestop.com/stock-split) + EDIT: mods please change flair to opinionā€¦ thx + + + +1. Context - What Is Steam? +2. Why Might Gamestop Be Successful Compared To Others Who Have Tried And Failed? +3. GameStop As A Game Developer. +4. Conclusion & TLDR. + +**Context - What is Steam?** + +**Steam** is a video game [digital distribution](https://en.wikipedia.org/wiki/Digital_distribution) service by [Valve](https://en.wikipedia.org/wiki/Valve_Corporation). It was launched as a standalone software client in September 2003 as a way for Valve to provide automatic updates for their games, and expanded to include games from third-party publishers. Steam has also expanded into an online web-based and mobile digital storefront. Steam offers [digital rights management](https://en.wikipedia.org/wiki/Digital_rights_management) (DRM), server hosting, [video streaming](https://en.wikipedia.org/wiki/Video_streaming), and [social networking services](https://en.wikipedia.org/wiki/Social_networking_service). It also provides the user with installation and automatic updating of games, and community features such as friends lists and groups, [cloud storage](https://en.wikipedia.org/wiki/Cloud_storage), and in-game voice and chat functionality. + +From its release in 2003 through to nearly 2009, Steam had a mostly uncontested hold over the PC [digital distribution](https://en.wikipedia.org/wiki/Digital_distribution_in_video_games) market before major competitors emerged with the largest competitors in the past being services like [Games for Windows ā€“ Live](https://en.wikipedia.org/wiki/Games_for_Windows_%E2%80%93_Live) and [Impulse](https://en.wikipedia.org/wiki/Impulse_(software)), both of which were shut down in 2013 and 2014, respectively. Sales via the Steam catalog are estimated to be between 50 and 75 percent of the total PC gaming market. Steam's critics often refer to the service as a [monopoly](https://en.wikipedia.org/wiki/Monopoly), and claim that placing such a percentage of the overall market can be detrimental to the industry as a whole and that sector competition can yield only positive results for the consumer. Several developers also noted that Steam's influence on the PC gaming market is powerful and one that smaller developers cannot afford to ignore or work with, but believe that Valve's corporate practices for the service make it a type of "benevolent dictator", as Valve attempts to make the service as amenable to developers. + +Through releasing its first-party games and other offerings from third-party developers and publishers, Steam generated **4.3 billion** U.S. dollars in game sales **in 2017.** This marks a dramatic increase from the 1.5 billion U.S. dollars of revenue generated in 2014. + +**Why Might Gamestop Be Successful Compared To Others Who Have Tried And Failed?** + +Because at this point, well... + +&#x200B; + +[ Posted by \/u\/steisandburning ](https://preview.redd.it/3u25slvza5k71.png?width=577&format=png&auto=webp&s=13ce8b34211f1e7d1f944d0a7fb99bbb3c791b82) + +Posted by /u/steisandburning + +I know I would use it over Steam if it was available. And I know... this is a huge risk going up against such a huge tycoon in the industry such as Steam. But you know what may set them apart (besides their retarded fan base)? + +POWER TO THE PLAYERS. They actually listen. Of course Games for Windows Live and Impulse (wtf is Impulse) failed... & they didn't have the "cool" factor that GameStop has now. + +Plus (hint hint), they are already getting into the NFT space. You know what NFTs would give the capability to do? Virtual Game returns for cash/instore credit. I know you remember these memes... + +https://preview.redd.it/bgd1y531b5k71.png?width=740&format=png&auto=webp&s=1259e2b07d6199400dac8386cdd5b3ca13eba0bf + +lol + +But wait - why couldn't they really do this before... without NFTs? Well NFTs give ABSOLUTE WITHOUT A DOUBT confidence to Game Developers that GameStop isn't rehypothecating copies of their games (fucking lol). Plus - virtual copies of games don't have to be moved or stored AND the market is much bigger since it isn't limited to the physical geography of the store it was sold to so... we may see more reasonable trade in prices. + +You could even set up a barter exchange between players like just how it was in Runescape like; + +*Blue:Wave: WTB Grand Theft Auto 5 for two copies of Minecraft or $25 (also buying gf)* + +As well, since NFTs are already super retarded, at least in my opinion anyway... why not sell limited edition digital copies of games that players can claim. I mean - its pretty much the same as people buying NFT art for hundreds of thousands of dollars. Why not collectors editions/limited editions of games - just like how they already do with physical game copies? + +Using Blockchain as a way of distribution, instead of the way Steam currently handles their own system (which honestly, I have no fucking idea how they do it so this is an assumption but makes sense), is probably way more cost efficient for all parties involved - solely by the nature of how Blockchain works. OHHHHH BUT WAIT THERE IS MORE!!! + +Here is where GameStop might have a leg up and get developers to put their foot in the door. Never has a developer been able to make money off a single copy of a game that has already reached the end customer (I don't know about physical games though). If GameStop told developers, "hey, we will give you a small cut of virtual trade ins via our NFT video game purchase system" DEVELOPERS WOULD FLOCK IN THE MASSES. GameStop would be the stop the competition right in its tracks. You can't offer a developer another source of income, totally for free and not have them take it. + +*GameStop - if you haven't thought of this - I totally would work for you. JK won't have to bc MOASS.* + +**GameStop As A Game Developer.** + +Valve (parent company of Steam), mentioned above, not only distributes games - but develops them as well. Such titles as Portal and Half-Life are award winning titles and for good reasons. My last proposition would be for GameStop to create their own games, just like Valve does. + +I know I would love to see a game developed by GameStop. If corporate is reading this, here are a few of my video game ideas I think you should consider as your first titles. First I list my idea of what the game should be titled and then a description of what it is: + +* *"Try Not To Lose Your Money, Again"* + + * Day-Trading Simulator (if you think this is retarded, Steam currently has a Lawn Mowing Simulator game for sale and it is ranked amongst its most popular right now... [here is the link](https://store.steampowered.com/app/1480560/Lawn_Mowing_Simulator/)). The goal of the game is not to actually make money, but make the character you are playing BELIEVE he might make money. +* "*I'll Be Downstairs Watching Football If You Two Need Me"* + + * Wife's Boyfriend Simulator (again, [here is the link](https://store.steampowered.com/tags/en/Dating+Sim)). Game includes such levels as: + + * Turn up the volume of the TV until you can't hear your wife's ass get clapped from upstairs, but not too loud it hurts your ears. + * Therapy sessions with your doctor. + * Crying in Wendy's drive through at 2am. +* "*Hedgies Getting Wedgies"* + + * Chase former billionaires around the world by tracking where their private jets fly, figure out how they are evading taxes, where they are storing their money before their eventual filing for bankruptcy - and much much more. + +**Conclusion & TLDR.** + +GameStop should become a competitor to Steam differentiating themselves by providing players with virtual game exchanges. Also, they should consider developing their own games. + +This is obviously a POST-MOASS related DD as this will take a while to implement but nonetheless provides current fundamental value based on future outlook if true. + +OK that's all, my pot is boiling now and I have to throw in my pack of Crayons so I can eat before midnight. Goodnight everyone. + +My name is Wet Dirt Kurt, but you can call me Mud. +There's some speculation going around regarding the massive 1 day, zero interest loans made by the NY Fed. + +1) they are normal and have been happening every day for a long time. +2) the "Counterparties" mentioned are all banks and money market funds. +3) Shitadel and co have no part in this whatsoever. + +This is just how reverse repo loans work. They're meant to add quick liquidty to allow transactions to occur without having to unwind positions, etc. + +Link to the Counterparties involved in these loans: + +https://www.newyorkfed.org/markets/rrp_counterparties + +If you do find ties to Shitadel in that list, please share! + +Tldr; These don't mean shit. Buy, hold, vote. + +EDIT: Clarification... The size of these loans is incredibly important in pointing out market volatility, the period of market mania we're in before a crash, etc. + +But they are not hedgefund bailouts. šŸ‘ +See these links below with a recent examination by FINRA in August, and a recent transcript speech from a current SEC commissioner from a few days ago. It seems they're okay with retail traders trading options but want to look into options approval and highly leveraged positions taken by novice traders...somehow, and to quote the SEC commissioner directly: + +&#x200B; + +> Given these changes in market access, it may be that the options account approval rules are due for a review, and I look forward to thinking this through with my colleagues. I am also thinking about the implications of this phenomenon more broadly, particularly the consequences of increased numbers of retail investors using leveraged investment strategies subject to margin calls that they may not be able to meet. That may not come to pass, but, again, itā€™s important to consider how to modernize our regulations to meet new trends. + +&#x200B; + +[https://www.finra.org/rules-guidance/guidance/targeted-examination-letters/targeted-examination-letter-option-account-opening-and-supervision](https://www.finra.org/rules-guidance/guidance/targeted-examination-letters/targeted-examination-letter-option-account-opening-and-supervision) + +&#x200B; + +[https://www.sec.gov/news/speech/crenshaw-2021-09-24?utm\_medium=email&utm\_source=govdelivery#\_ftn34](https://www.sec.gov/news/speech/crenshaw-2021-09-24?utm_medium=email&utm_source=govdelivery#_ftn34) + +&#x200B; + +&#x200B; + +Also see Barbara Roper here who was just added into the SEC's roster as Senior Advisor to the Chair who said the following on options trading + approval: + + + +>There are a number of issues that are sure to get attention from regulators in the wake of the Robinhood/GameStop events. In particular, regulations related to payment for order flow, best execution, options trading and short selling seem like top candidates for a long-overdue review. +> +>The issue that is of particular interest to me, however, is how regulators will go about updating our sales practice rules to apply to trading apps, like Robinhood, that incorporate psychological nudges and gamification to encourage conduct ā€” like frequent trading and trading in options ā€” that is profitable for the firm, but not necessarily good for its customers. +> +>Those are practices a traditional broker could never recommend to the typical Robinhood customer under the sales practice rules. Robinhood argues, however, that it doesn't make recommendations, so the sales practice rules don't apply. Regulators will need to decide whether they agree and, if so, where the line lies between a "nudge" and a recommendation. +> +>Long before the GameStop events raised the ante, Massachusetts regulators were already arguing in an enforcement action that at least some of Robinhood's features crossed that line. Even if regulators conclude that gamification and nudges aren't recommendations per se, they will still need to decide how those features should be regulated. +> +>In our view, firms need to be held accountable for how they design their apps and platforms to ensure that investors aren't abused. I feel confident that issue will get the attention it deserves in coming months. + +[https://www.protocol.com/braintrust/financial-regulation-after-gamestop-robinhood?rebelltitem=5#rebelltitem5](https://www.protocol.com/braintrust/financial-regulation-after-gamestop-robinhood?rebelltitem=5#rebelltitem5) + + + +&#x200B; + +>Turning risk into a game +> +> "The way the app is set up, gamification is used to nudge investors into those practices that are most profitable to Robinhood ā€“ frequent trading, trading on margin and trading options," said Barbara Roper,Ā director of investor protection at the Consumer Federation of America, a consumer advocacy group. "This is not remotely appropriate for unsophisticated, new investors." +> +>Roper said that ifĀ a brokerage were really designing a system with the interest of the investor in mind, traders would face hurdlesĀ before being able to trade options or trade on margin, which means trading with borrowed money. They would have to pass tests to make sure they understood the risks. +> +>"Instead of that, they make it as easy as possible," she said. + +&#x200B; + +[https://www.usatoday.com/story/money/2021/02/18/robinhood-stock-wealthy-traders-gamestop-hearing-roaring-kitty/4442330001/](https://www.usatoday.com/story/money/2021/02/18/robinhood-stock-wealthy-traders-gamestop-hearing-roaring-kitty/4442330001/) + +&#x200B; + +>ā€œThe options trading rules are overdue for review,ā€ Ms. Roper said. ā€œThere are supposed to be safeguards in place that limit option trading to more sophisticated traders or at least make sure investors understand the risks.ā€ +> +>Instead, Robinhood and other platforms allowed any investor to buy options with the push of a button. +> +>ā€œThe S.E.C. will need a hypothesis. Mine is that the problem is largely a problem of leverage and that leverage comes about by the trading of options rather than individual shares,ā€ said James Cox, a securities professor at Duke University School of Law. ā€œWe may need to really think whether there needs to be a limit on how many options a person can have and is able to execute.ā€ + +[https://www.nytimes.com/2021/02/04/business/economy/yellen-gamestop.html](https://www.nytimes.com/2021/02/04/business/economy/yellen-gamestop.html) + +&#x200B; + + Senator Pat Toomey, the ranking minority member on the Senate Banking Committee wrote a letter to SEC chairman Gary Gensler about regulation just the other day advocating against it. + +[https://www.banking.senate.gov/imo/media/doc/toomey\_letter\_to\_gensler\_on\_digital\_engagement\_practices.pdf](https://www.banking.senate.gov/imo/media/doc/toomey_letter_to_gensler_on_digital_engagement_practices.pdf) +PSU stocks are available at 1 to 15 PE, while nothing else is below 10 at all. + + +I understand PSU are not the most aggressive companies,but they have monopoly, lots of assets, and rich owner. +I don't understand why an Indian oil is not a good stock, given that we fill fuel at them every day and they have tons of outlets and land available for anything + +Not talking about banks, talking but all other PSUs especially power and oil PSUs +As discussed in news today, Infy is planning a massive buyback programme from June 25th. + +Will this affect mutual funds which have majority of its holdings in Infosys? (Like Tata Digital, etc.) and if yes, then how? +You know the typical "go to College and get a good paying career" thing. I hear all the time, yet I have worked with and heard of many people with college degrees struggle for whatever reason. I'm assuming usually a college educated person is presumed to be in the middle class. At least that's what I thought, a college education doesn't necessarily mean you'd be making middle class income. In My area for example middle class would be around 150k a year, yet most starting salaries for a college educated person is around 70 - 85K. After tax that is heavily reduced especially in california. After tax, bills, miscellaneous living expenses, and child care expenses your basically super poor. No money for emergency or savings. + +For the non College educated people the income is even less. Also there are many more barriers a poor non college educated person may face. Such as not being able to afford college to begin with. Maybe I'm wrong but becoming successful seems a lot harder than what I expected. + +Do you agree? +Rather than commercial or residential real estate, has anyone invested in farmland? + +Except for variable commodity prices, ownership of farmland and leasing out to farmers seems even more straightforward than commercial or residential real estate. +Iā€™m considering selling 80% of my company to a PE, and continue to grow it. Itā€™s still growing strong and Iā€™m confident will continue to grow, but this is the time to get a higher bid/multiple. + +Has anyone sold their company and then regretted it? Any advice on how do decide if itā€™s time? +Hello all, Iā€™m currently 27 years old living in small town Ohio, and have a bit of a unusual situation financially. I work in traveling construction management, and to make a long story short I live in corporate housing ~25 days out of the month out of town and come home for those other couple days every month. Since Iā€™m gone so much, I have decided not to buy a house if Iā€™m only going to be there a few days a month, so I just live with the parents those days when Iā€™m home. And the corporate housing is paid for by the company, so I have no housing expenses. For the days Iā€™m out of town, I get $65 a day in per diem on top of salary, so really no living expenses either. And finally, I have a company vehicle with a gas card, so no vehicle expenses. Basically no expenses at all. + +I make around $100k a year, and currently put 30% into a 401k after tax (Roth), max out my Roth IRA every year, and I max out my HSA. I just got through paying off some CC debt and student loans, and Iā€™m starting to see my savings grow by roughly $3500 a month. + +I know that traveling like this isnā€™t sustainable for an entire career when I want to settle down and start a family, but I plan to do it as long as I can. For round numbers, say 10 more years. While Iā€™m living with this high of an income / expense ratio, Iā€™d like to be aggressive with my investments, then be able to be more safe when I decide to have a ā€œnormalā€ life. I donā€™t want to have an investment strategy like buying and selling stocks that requires a lot of attention, but Iā€™d still like something aggressive. What are my best options for a situation like that? And also, just any advice about other ways I can take advantage of this situation even more would be great! Thanks in advance! + +Edit: Something else I forgot to mention. My company is ESOP, and they contribute roughly 10% of our salary into stock for employees. So about 10k a year for me now. I try not to factor that into my financial picture too much in case worst case scenario and none of that is there if the company goes under or something, but worth mentioning. +How do you handle this response if your child or relative or someone close to you responds as such? I get this a lot (online & offline and including from millennials) when I teach savings habit formation - and I find that I have no real answer - set a budget, use coupons, blah blah. + +I am looking for best practices and advice that you have found effective. If you were/are one of those living paycheck-to-paycheck, what worked for you? Please share... +[**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/) +Obvious throw-away account. I've been lurking here since 2013 and started buying my first two coins during the 200 USD bubble. After the subsequent crash I thought "this is bullshit" and forgot about btc until the next 1K bubble. I started to buy more and soon was deeply in the negative. There were two factors that kept me from selling my coins through the following hard 2 years and actually accumulating my position. +1. I started investing in shares and funds at the peak of the stock market in 2007 and made huge paper losses. I needed a lot of patience to hold through the next 7 years to get back to my entry point and eventually even make a little profit. I tried only a few times to trade stocks but soon realized that my fear and greed was not helpful in trading so i just held my positions. The same strategy I thus applied to Bitcoin because it had worked before. +2. Bitcoin is something completely new and whether buying it would ultimately result in a profit can not, as with shares, be inferred from past experience. Although understanding the concept of bitcoin by reading the satoshi paper, it was mostly the conviction and argumentation of the hardcore nerds here(and lots of very smart people in this subreddit) that made me believe in btc. Without them I would never have invested so much and held through the numerous nerve-wracking dips. +Therefore I want to thank all you crazy beautiful people in here ...cheers !! AMA + +Just watched the boiler room and margin call. Pretty addicted right now, any other recommendations? Thank you! + +Thanks for all the replies, gonna get on them! +Just watched the boiler room and margin call. Pretty addicted right now, any other recommendations? Thank you! + +Thanks for all the replies, gonna get on them! +It's not rocket science. + +Robinhood's imposed buy limits coincide perfectly with $GME's stock plummeting. + +If the demand for stock is: buying it > selling it, it rises. + +If it's selling it > buying it, it plummets. And $GME is plummeting because of Robinhood's buying restrictions. + +The only hurdle right now is Robinhood's decision to limit $GME share purchases. But everyone is either against or on that case ([Sherrod Brown](https://twitter.com/SenSherrodBrown/status/1354881250922819585?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1354881250922819585%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cnet.com%2Fpersonal-finance%2Faoc-and-lawmakers-call-for-hearings-on-robinhood-for-freezing-trades-on-gamestop-stock%2F), [Ted Cruz](https://twitter.com/tedcruz/status/1354833603943931905?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1354833603943931905%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cnet.com%2Fpersonal-finance%2Faoc-and-lawmakers-call-for-hearings-on-robinhood-for-freezing-trades-on-gamestop-stock%2F), [Attorney General James](https://twitter.com/JonCampbellGAN/status/1354914072194592776?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1354914072194592776%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cnet.com%2Fpersonal-finance%2Faoc-and-lawmakers-call-for-hearings-on-robinhood-for-freezing-trades-on-gamestop-stock%2F), [AOC](https://twitter.com/aoc/status/1354830697459032066), [Elon Musk](https://www.washingtonpost.com/nation/2021/02/01/elon-musk-robinhood-clubhouse-gamestop/)). + +As long as you don't sell your shares, the sky-fucking-high demand for $GME right NOW is gonna skyrocket its pricesā€”it's garnering worldwide attention. + +So hold, even if it's one share. šŸ’ŽšŸ™Œ + +&#x200B; + +Edit (Feb 4, 15:19 GMT) : The logic definitely is over simplified, but I wanted to be short and to the point. Couching my point with a bunch of esoteric financial terms is only gonna obscure what I'm trying to say. Robinhood definitely isn't the only reason the share prices are plummeting. I may have come off that way. I acknowledge that plenty of other brokers have placed purchase restrictions as well. I only mention Robinhood because they're arguably the biggest source of demand for $GME. + + +[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!* +Throwaway because poverty is embarrassing. + +2 years ago I started the process of applying for disability because of cancer and PTSD. I lost my hair, I lost my job, I lost my apartment. Since then, my wife and I have been living out of a suitcase and relying on the huge hearts of our close friends and family. + +Between doctors, lawyers, and at one point 4 people and 2 animals living in a studio apartment, I don't remember what privacy is. But after 2 years of undignified fighting, I got my disability. + +And on February 1st weā€™re picking up the keys to our new apartment. + +On February 1st weā€™ll have a home again. + +Edit: oh wow, thank you for the gold kind stranger! Wasn't expecting that. I'm in the middle of moving so I wholeheartedly appreciate everything everyone has said! I'll respond when I'm not exhausted from it all. But thank you for your well wishes. +https://www.cnbc.com/2018/09/07/air-force-is-looking-into-elon-musks-pot-smoking-source.html + +What else short of the entire Fremont factory catching fire could go wrong today? +The last 4 years have seen insane gains to the stock market at rates averaging 17% a year prior to the crash. In the past market returns have been 7% and institutional investors who are able to return 10% or more a year are considered legendary. While these numbers certainly suggest a lot of investor faith in a Trump lead economy, the GDP increase has been tracking up at much closer to that standard 7%. + +&nbsp; + +[Here is a graph depicting just how crazy the market has gotten in the last half decade](https://i.imgur.com/MHKWinF.png) + +&nbsp; + +We've been due for a massive market correction for a while now, we just needed a recession to trigger it. The market is still trading above it's GDP equivalent and that is not factoring in the massive drop we are expecting from the recession, [which the IMF says could be bigger than 08'](https://www.ccn.com/dow-recoils-as-imf-warns-recession-could-eclipse-2008-crash/). There are very few recessions that have market downturns of less than 3 months, don't fall for the bull trap being set. The market in the last decade has absolutely destroyed risk parity to the point where bonds are barely worth investing in. I'd personally stay away from the market until it recorrects. The feds money printer is just going to lead to stagflation. + +&nbsp; + +I welcome civil discourse for anyone who disagrees with me. +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +The big news yesterday was obviously the far-too-high number of available shares reported by Fidelity, which was apparently an error, but also not exactly handled in the best way possible. However, I cannot help but question why the backlash against Fidelity is so incredibly intense. If you sort by new, nearly every post is about this one issue that *doesn't change anything*. When I consider the question of 'why now?', I think it is more to do with trying to bury the much-more-relevant post about the FINRA short percentage. + +In any case, mixed in among the Fidelity-anger are plenty of posts showing renewed efforts to DRS as many shares as possible, and I will *always* get behind that action. Whether Fidelity is a trustworthy broker or not, the most reliable way to ensure that no fuckery occurs using your shares is to get them into ComputerShare in your own name. Fidelity has proven to be reliable at DRSing shares with minimal friction, and I'd hate for this FUD against them to somehow prevent Apes from succeeding at getting their shares in their name. + +Today is Wednesday, December 1st, 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: **$198.09 / 174,32 ā‚¬** *(volume: 646)* +- šŸŸ© 115 minutes in: $197.15 / 173,50 ā‚¬ *(volume: 627)* +- šŸŸ© 110 minutes in: $197.01 / 173,38 ā‚¬ *(volume: 627)* +- šŸŸ„ 105 minutes in: $196.75 / 173,15 ā‚¬ *(volume: 536)* +- šŸŸ© 100 minutes in: $196.89 / 173,28 ā‚¬ *(volume: 519)* +- šŸŸ© 95 minutes in: $196.86 / 173,25 ā‚¬ *(volume: 405)* +- šŸŸ„ 90 minutes in: $196.68 / 173,09 ā‚¬ *(volume: 401)* +- šŸŸ„ 85 minutes in: $196.75 / 173,15 ā‚¬ *(volume: 401)* +- šŸŸ© 80 minutes in: $196.86 / 173,25 ā‚¬ *(volume: 399)* +- šŸŸ„ 75 minutes in: $196.41 / 172,85 ā‚¬ *(volume: 398)* +- šŸŸ© 70 minutes in: $196.45 / 172,89 ā‚¬ *(volume: 398)* +- šŸŸ„ 65 minutes in: $196.08 / 172,56 ā‚¬ *(volume: 312)* +- šŸŸ„ 60 minutes in: $196.44 / 172,88 ā‚¬ *(volume: 311)* +- šŸŸ© 55 minutes in: $196.64 / 173,05 ā‚¬ *(volume: 294)* +- ā¬œ 50 minutes in: $196.61 / 173,03 ā‚¬ *(volume: 294)* +- šŸŸ© 45 minutes in: $196.61 / 173,03 ā‚¬ *(volume: 283)* +- šŸŸ„ 40 minutes in: $196.48 / 172,91 ā‚¬ *(volume: 268)* +- šŸŸ„ 35 minutes in: $196.51 / 172,94 ā‚¬ *(volume: 267)* +- ā¬œ 30 minutes in: $196.59 / 173,01 ā‚¬ *(volume: 267)* +- šŸŸ„ 25 minutes in: $196.59 / 173,01 ā‚¬ *(volume: 223)* +- šŸŸ© 20 minutes in: $196.67 / 173,07 ā‚¬ *(volume: 223)* +- šŸŸ© 15 minutes in: $196.61 / 173,03 ā‚¬ *(volume: 145)* +- šŸŸ© 10 minutes in: $196.58 / 173,00 ā‚¬ *(volume: 54)* +- šŸŸ„ 5 minutes in: $196.41 / 172,85 ā‚¬ *(volume: 44)* +- šŸŸ© 0 minutes in: $196.57 / 172,99 ā‚¬ *(volume: 16)* +- šŸŸ„ US close price: $196.21 / 172,67 ā‚¬ *($195.95 / 172,45 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 1.1363. 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! +This might be a little controversial but I feel there are definitely some things you should once you stop living paycheck to paycheck, but before you start paying down debt and before you prioritize your emergency fund. Your exact configuration of how much to save and pay when with how much is super personal, but there are some things you should definitely keep in mind when figuring it out. There are also poverty habits you should break, for your financial as well as overall well being. + +I can only think of a few things, but to get started: + +* If you have a car, and have to have it, start filling the thank. Don't run it until your gas light comes on and then add $5 to get you to work. You're slowing destroying your car that way. Also, get it serviced and change the tires if necessary. A major repair or blow out could completely ruin all the work you've put in, plus it's potentially dangerous. + +* Go to the dentist. An exam, cleaning, and possibly prescription mouthwash/toothpaste is a couple hundred dollars. You'll also find out what you need to get fixed in the future so you can save accordingly. Emergency dental care cost you thousands of dollars. A dentist can do a lot in one visit to help prevent that. + +* Winterize/summerize your house or apartment. Affordable housing and cheap housing is infamous for being in bad shape, and it's going to cost you money. It's fairly cheap to shore up your doors and windows, if a bit time consuming, and the savings can be substantial. How extensive you go is up to you and your budget. Having a cool home in the sweltering heat and a warm one when its below zero is practically priceless, and very beneficial your health, but financially you're likely to get far more out than you put in. +Just curious, how many people here use theta gang techniques in tandem with value investing? I.e, try to find discounted stocks with high enough volatility to enhance the discount by going short options. Iā€™m very much a rookie in options, so Iā€™m kind of wondering if this is a viable strategy, or if stocks volatile enough to make selling contracts worth it tend to be inherently overvalued. +I inherited stocks from my grandparent about a decade ago. They are managed by Edward Jones, and I have left them there since. They've had a return of almost 300% over that time, reinvesting all my dividends. I see a lot of people talking about how the commission business model is needlessly expensive. The only times I've ever been asked to approve decisions were when I inherited the account (everything was in one stock and needed reallocation) and when I had to change advisors 5 years later. So I assume no real work is going into my account, or at least not enough to justify the commission. + +I don't know anything about stock investment though, and I don't want to jump into the world of managing it myself. I am nervous about moving such a large chunk of money (the majority of my assets by a mile) that I don't understand the mechanics of and keeping it safe (EJ's target demographic I assume). What are the best options for someone like me? + +If more info helps, I can answer any questions. + +Edit: it looks like some people interpreted quadrupled as a 400% return. I meant my initial investment is now 4x larger than it was, so actually 300% return +...ComputerShare is not a custodian. + +From the Share Holder meeting today GameStop addressed one burning question we all have. Why won't ComputerShare offer IRA accounts so we can DRS those shares. The answer was simple "We appreciate the enthusiasm to DRS IRA shares with ComputerShare, but the transfer agent is not a custodian" + +So what I'm hearing is, the effort is appreciated, but we need a custodian to DRS IRA shares. Well here you go! + +TLDR; Brokers refuse to DRS IRA shares stating it's against internal policy. They will do a distribution to ComputerShare but that is likely a taxable event. Capital Gains + 10% early withdrawal + state tax can be upward of 30%+ taxes. A lot of people message me directly to say that those taxes are peanuts. They are not. And if I don't have the money come April 2023 to pay them, I might have to sell. To me this sounds like what the SHF would want. So I present to you the steps I took to DRS my IRA shares with a NON-BROKER CUSTODIAN. This is not financial advise, just my experience, and I'm zen af now. + +[u/winebutch](https://www.reddit.com/u/winebutch/) posted months ago about their successful experience with Mainstar Trust. I was able to get my IRA DRS Advice Letter, Account and Online Voting from ComputerShare using Mainstar as the non broker-custodian (NOTE - while you do have access to the shares from ComputerShare, you need to go through the custodian to buy or sell them. They have an online interface and standard forms for this as well). + +[IRA AND DTC STOCK WITHDRAWAL](https://preview.redd.it/575j2vbs7a391.png?width=771&format=png&auto=webp&s=2745d45a35fce77368770f6e3789f89eeb433ad4) + +The overall steps are: + +1. Choose a non-broker custodian willing to direct register (DRS) your IRA shares, while remaining the financial custodian, and adding you as the registered owner - in the form of: Custodian Trust For Benefit Of your name IRA +2. I chose to work with Mainstar Trust ([https://mainstartrust.com/Contact](https://mainstartrust.com/Contact)) based on post and recommendations I've found. So far they have been extremely knowledgeable, responsive and helpful throughout this learning process. +3. Once you've made your selection, based on your DD, **setup a like-in-kind IRA account** with your non-broker custodian. These will be standard new IRA Account forms. like-in-kind means Traditional account for Traditional IRA and Roth account for Roth IRA. +4. Once the accounts are created, you will **fund them via a standard Transfer request**. The non-broker custodian will supply these and you can fill them out with your broker account information that you are transferring from. You don't need to contact your broker, unless you want to inform them to expect the request from your non-broker custodian. +5. Once the shares are in your non-broker custodian account, **request via email that they direct register them, for benefit of you, with the transfer agent** \- for Gamestop, that is ComputerShare. They should be familiar with this process. +6. Request they also scan and **email you the DRS Advise letter** when they have confirmation. +7. The DRS Advise letter will contain two pieces of information you need to create your ComputerShare account for your IRA shares: + 1. **Zip Code** on file (this will be your non-broker custodians zip code on the letter) + 2. **Holder Account Number** (starts with C00 on the letter) + +[Use the Zip Code and Holder Account Number from the DRS Advise Letter](https://preview.redd.it/8zzpq0kx7a391.png?width=772&format=png&auto=webp&s=03ea4afc402cbf8afd6d8313393d4b02cc8b1abd) + +8. To initiate the ComputerShare account creation process, go to: [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) + +9. Click the **Register Now** link under Login + +https://preview.redd.it/nkj04nn18a391.png?width=600&format=png&auto=webp&s=1c62b8a3ed39a79845ab533d9590607490c942e5 + +10. Under Confirm your details choose **Holder Account Number** + +11. Enter your Holder Account Number and Zip Code on file from the DRS Advise letter. + +https://preview.redd.it/smyochh28a391.png?width=620&format=png&auto=webp&s=e3ab058fc8350eece6da187a25028be9ff955e01 + +12. Fill in the rest of the details, stock name, email (**use a different email** if you already have an existing ComputerShare account for non IRA shares), password, and click Register. You will receive a confirmation and a notice that your **Account Verification Code** will me mailed to the address on file. + +13. Contact your non-broker custodian and **ask them to forward you your Account Verification Code** from ComputerShare. Mainstar did this for me in less than a week. + +[Note your Verification Code - and that Mainstar's PO BOX number is 420 - nice](https://preview.redd.it/hkuttph38a391.png?width=638&format=png&auto=webp&s=806c2bbb906e093774ed6a9649ce169371e3c160) + +14. When you receive the Account Verification Code go back to [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) \- this time choose **Login** + +https://preview.redd.it/u1y948948a391.png?width=609&format=png&auto=webp&s=4249f59a43fab910c08f64bf55af2e572d2e7bb3 + +15. Use the Username and Password you created earlier. + +16. When prompted enter the **5 digit verification code** that was forwarded to you. + +17. Welcome to your IRA ComputerShare Account! **Congrats**, you made it! Now things to do: + +1. Update your email preference in your Profile +2. Manage your investment plan +3. **VOTE!** \- You can vote directly from ComputerShare! + +https://preview.redd.it/27w3nkf58a391.png?width=1166&format=png&auto=webp&s=64acc899deb85432f2740b31d5e040df1463f7aa + +You have access to your documents and shares as well. While you do have access to the shares from ComputerShare, you need to go through the custodian to buy or sell them. They have standard forms for this as well. Hope you enjoyed, SHOP, DRS, HODL, LFG! +At these ridiculous multiples, you want some cash on hand because with no cash, there is no ability to buy the dip that everyone has been trained to do. And Iā€™ll make no bones that the next 20-per-cent down leg will be a dip that you will want to buy. But be sure you have the means to do it. +I am getting absolutely positively destroyed. If I am being honest with myself I don't think I have made a single profitable trade since September worth anything. I have been doing this for 18 months and I just feel like I can't stop spinning my tires. I have one up day then give it right the hell back. Down one day, up next, down. + +I've taken a $25k account to $50k, back to $25k and now I'm at about $5k. I've read everything I can, watched everything I can, tried price action, indicators, it doesn't matter. I can't seem to crack out of this rut. + +I am getting more and more frustrated because I know I can do this and feel like I am so close to finally getting it. I don't think my entries are bad or my stops are too tight. I have risk management down and don't blow up on one trade. It's just been bad trade after bad trade. For instance, I was looking at AMAT and CAT today to do some options trades, took CAT and its traded dead sideways and AMAT has just ripped. It's just continually stuff like this over and over. + +I really feel like I am so close to "getting it". I just can't seem to break this death hold that indicators have on me and making me (what I feel anyways) late on my entries. I keep thinking "oh I better wait", even though its a clear price action signal. I wait for the signal, get stopped out and look back and my entry if I had taken price action was damn near perfect. My issue with price action I guess is that you have to pay more attention to your screen, a luxury I don't always have, but I think its hurting me. + +Can anyone talk some frigging sense into me? I doubled my account using price action because I didn't even know indicators existed and here I am glued to them now. I need to break this habit. For anyone who finally cut the cord, how did you do it? + + +Edit: I am getting a lot of comments along the lines that I don't know what I am doing and I should stop. Some of them worded a bit nicer than others but mostly on the same train of thought. To clarify, I didn't lose my account this year. It was in July of 2020. I had no idea what I was doing. I went all in on every trade, because that is what I thought you should do. As expected my PnL graph was like a seismograph; when I won it was huge, when I lost it was worse. I got stuck all in on at the top on a series of downhalts. Poof, 50% of account gone and then a series of revenge trades after. Needless to say, I stopped trading for almost 8 months, and just did paper. I now have watched and read everything I can get my hands on, trade 0.5-1% sized lots of my account, always use a stop loss, etc. + +If I had to put my finger on where I think I am going wrong it is this: My rules were almost too strict, when there is a bit of nuance needed in trading (that feeling). So, with that, I would be buying stuff up like 5-6 candles in a row and seeing it collapse on me. Gee, I wonder why. Also, options, specifically 1-0DTE SPY options, enough said there. Lastly, credit spreads. I fell in love with the idea of "safe", and then realized with the credit spreads that the R:R was terrible. During the Omicron sell off I had 10 profitable positions all go max loss on me overnight. I have since decided no more credit trades, unless it is something like a butterfly with large reward vs. risk. However, I want to move away from options and am going to stick with shares for 90% of my trades. +Coffee is one of the, if not the, most popular beverage in the world with estimates suggesting more than 2bn cup of coffee are consumed per day. + +As developing nations continue to grow, I can only imagine that coffee chains and shops will proliferate even further, and in the west, popularity of buying your own beans from roasters is growing as more and more people move away from instant coffee. + +On the supply side, studies such as this one suggest that the future global supply of coffee is under threat due to climate change, likely leading to sustained and significant price increases for the commodity. [https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0261976](https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0261976) + +However, looking at the price of coffee over last 24 years, it seems to be quite cyclical [https://tradingeconomics.com/commodity/coffee](https://tradingeconomics.com/commodity/coffee) + +And the only proper coffee ETF I am aware of has only started performing well last couple of years, and has gained approx 30% in last 5 years [https://uk.finance.yahoo.com/quote/JO?p=JO&.tsrc=fin-srch](https://uk.finance.yahoo.com/quote/JO?p=JO&.tsrc=fin-srch) + +Anyone have any insight on this topic? +These are the opinions of a person that comes from a culture very similar to that of Russia and you Westerners need to start understanding just how different we view things. + +Russiaā€™s objectives was never to start an open conflict with Ukraine, it was to increase its influence in the region, particularly amongst the states that once formed the Soviet Block and due to the utter buffoonery of the United States, Russiaā€™s plan is a bigger success than it could ever have hoped for. Let me explain. + +You see, unlike the USA, Russia and other eastern countries donā€™t view open conflict as a preferred solution. Why? Because we donā€™t treat war as a business model. We prefer cleaner, and longer lasting options. Just think about it, Russia has nothing to gain from going to war and almost everything to lose. Just look at their investment into the Nord Stream pipelines and how their GDP is dependent on oil and LNG exports and you know Iā€™m right. + +The biggest mistake America and its Western allies always make time and time again with Russia and China is to think that conflict will always be a militaristic one, but in reality, trolling and subversion can have a far greater impact than any army ever could, and Russia, just trolled the fuck out of the US. By moving part of its army close to the Ukrainian border and acting somewhat hostile but not hostile enough for it to trigger open conflict, Russia was able to get a knee-jerk emotional response from the United States. This came in the form of rapid deployment of troops and the supply of armaments, but most importantly, it caused warmongering rhetoric from the current administration. And this, is what Russia really wanted. + +You see, Ukraine was always concerned about Russian aggression, but never concerned enough to cause widespread panic amongst its populace, and believe it or not, they are more focused on domestic and economic issues rather than Putinā€™s shenanigans. This is because unlike the 2014 annexation of Crimea, Ukraineā€™s current government is fully in control of the country and Ukrainians are more united than ever, so the prospect of a full-scale Russian invasion that will result in the deaths of millions will always be a microscopic one. + +But that is not what the US thinks. The US, thinking that conflict can only ever be solved through who has the most guns, immediately started beating the war drums and Joe Biden even went as far as to create a literal fucking date for the invasion which was originally this Wednesday before moving it to this Saturday. This kind of rhetoric is carried by the corporate media for the entire world to see and spread and fear and panic amongst global investors. That fear and panic got so fucking bad, it literally ends up causing the Ukrainian economy to go into freefall, costing the country untold billions of dollarsā€™ worth of damages every day. It has now gotten so bad; the fear being spread by US media is now doing more damage than the actual Russians. Donā€™t believe me? Check out this chart of the Ukrainian Hryvnia to the USD. + +&#x200B; + +https://preview.redd.it/1e0baseu4ii81.jpg?width=1084&format=pjpg&auto=webp&s=aaf2c294d93911d58ba750b13f4e75a235a49b88 + +Want more proof? David Arakhamia, the leader of Ukraineā€™s parliament said the following: **"There is always a threat from the outside. But! Remember the escalation last spring? Today's situation is no worse than that - it's roughly in the same range, Why is the Western media making such a big deal out of it? It's hard to say,"** **Arakhamia remarked. Any surprises can be expected from \[Moscow\], we must be ready for anything, but not amplify panic.** + +**This is diplomat speak telling the US media to shut the fuck up.** + +Now for the icing on the cake, even the Russian Foreign Ministry put out a statement, asking Western media outlets to put out dates of which Russia will invade Ukraine so that Russian diplomats can schedule their vacations around it. They are fucking laughing at you. + +&#x200B; + +https://preview.redd.it/wsojif1v4ii81.jpg?width=1090&format=pjpg&auto=webp&s=3782d65f605dc599c79f9a96d7fab034ef943587 + +Donā€™t even make me get started on Ukraineā€™s own president trolling social media by posting that he expects an imminent invasion later this week, which he later clarified to be a joke designed to target the fear mongering caused by the US media. + +Now you might be asking yourself, why does this make Russia the winner? Because it damages US credibility and causes its allies in the region to question the ability of the US to protect their interests. Right now, the United States is causing panic that is crippling Ukraineā€™s economy and all Russia has to do is to say to the Russian population how justifiable its military exercises are because of how radical the West has become. Meanwhile, Ukraine and Russia are already hammering out a diplomatic solution without the US at the table. The Ukrainian president already heavily hinted that they will not be joining NATO, saying that a NATO membership is akin to ā€œhaving a dreamā€ and Russia in turn is openly supporting recognizing the Donetsk and Luhansk regions, both situated in eastern Ukraine as independent states, which mean Russian backed rebels will finally stop fighting Ukrainian troops. This would mean that not only, will Ukraine probably never join NATO, Russia just secured another buffer zone against the west via the formation of two new independent countries. Countries, that Russia almost have complete control over. + +Whatā€™s more is that other countries in the region are openly seeing the damage the US is causing and are most likely privately questioning whether or not itā€™s a good idea to get the US involved in their affairs if Russia decides to become aggressive again in the future, and they will. Why? Letā€™s say youā€™re Lithuania, a NATO country and Russia starts doing their ā€˜military exercisesā€™ along your eastern border. You can call in the US, but if you do, chances are, the US is going to cause far greater economic harm than Russia ever could. So what are you most likely going to do? Call in the US and watch as their media tanks your economy or just sit down with the Russians and hammer out a diplomatic solution so you both keep chugging along and tell the US to fuck off if it pokes its head into your internal affairs? Itā€™s not a hard decision. + +In summary, this is death by a thousand cuts. Russia is going to keep on chipping away at the faith ally countries have both in NATO and the US until they view these two things as borderline obsolete. So, without firing a single shot, Russia can eliminate, through time, NATO and American influence in the region all the while forming its own deals and alliances until it is once again the biggest player in that region. + +Another aspect as to why Russia has already won that is not discussed nearly enough is the imminent signing of the new Iranian nuclear deal. Ali Bagheri Kani, Iranā€™s lead negotiator just publicly stated that they are close to a deal with the US and that a signing is just days away. This info, combined with Bidenā€™s recent statements that they are working hard to lower prices at the pump can only mean one thing: Iran is going to start supplying the United States with oil. Iran, in case you people donā€™t know, is one of Russiaā€™s closest allies in the middle east. So as Iran is supplying oil at the pump, Russia is going to start whispering ideas into Iranā€™s ear, trying to use them as a middleman in order to push Russiaā€™s agenda into Washington via shady lobbying dollars. + +Also, on a side note, Iran selling oil is really going to piss off the Saudis since they are sworn enemies. This matters a lot because Saudi Arabia, via an agreement in the 1970s, has agreed to trade their oil exclusively in USD, meaning the USD is NOT a true fiat currency, hence we can print so much without real consequence. This means the US needs to find a way to placate them. This would most likely mean the US will have to take part in additional wars in the middle east to help the Saudis expand their influence, so hooray for that. + +One last thing, donā€™t count too much on shale, Bidenā€™s ban on drilling on federal land just got lifted in December and its unclear how fast US production can pick up. Apparently, betting everything on the multi-trillion-dollar BBB plan with inflation running rampant thinking the country can just seemingly transition to green energy is not the smartest thing to do. + +https://energyfuse.org/biden-abandons-plans-to-curtail-drilling-on-federal-lands/ + +In conclusion, you Americans need to understand that a large chunk of the world doesnā€™t think the way you do. While the timelines for your objectives typically last until the next election, ours can last years, decades, sometimes even generations if need be. Donā€™t be too surprised, our countries have thousands of yearsā€™ worth of history, while yours started not even 300 years ago. Everything you think of as unfathomable; we have experienced countless times. Revolutions, invasions, dynasties, even genocides. Time has taught us patience, and its time you learned it as well. +šŸ‹FairOrca - ORCAšŸ‹ + +šŸ‹OrcaCoin is designed to be the most Fair Reflect token possible by incorporating Bot and Whale countermeasures to prevent buys from suffering loss due to high volatility, price dumps and botters grabbing cheap supply. There is a random TX fee between 2 and 8%, unless a bot is program specifically for this coin they will need to set at least 10% slippage where as a human could get in with less after a few attempts. The max TX of 1000 coins prevents holders from getting wrecked by whales dumping and destroying the price. 90% of initial supply is Burnt prior to presale creating large deflationary pressure. We are committed to making this token rugproof and contract will be renounced few hours after PCS listingšŸ‹ + +&#x200B; + +Buy Link: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1ca40FCAC21038091900b4cA62B39599F3c6b6c8](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1ca40FCAC21038091900b4cA62B39599F3c6b6c8) + +Telegram: [https://t.me/FairOrca](https://t.me/FairOrca) + +Twitter: [https://twitter.com/coinOrca](https://twitter.com/coinOrca) + +Chart: [https://poocoin.app/tokens/0x1ca40FCAC21038091900b4cA62B39599F3c6b6c8](https://poocoin.app/tokens/0x1ca40FCAC21038091900b4cA62B39599F3c6b6c8) + +4chan: [https://boards.4channel.org/biz/thread/32438337](https://boards.4channel.org/biz/thread/32438337) + +Total Supply 1000000.0000 ORCA + +Soft Cap 5 BNB + +Hard Cap 22 BNB + +Minimum Contribution 0.05 BNB + +Maximum Contribution 0.1 BNB + +MarketCap 2 hours after launch: \~135k$ + +Website launched: [Fair Orca | The 1st Fair Reflect token against Whales and Bots](https://www.fairorca.com/) + +&#x200B; + +**UPDATE** + +**Confirmation / evidence from Dev that the contract ownership has been renounced (meaning it is RUG SAFE):** + +[Binance Transaction Hash (Txhash) Details | BscScan](https://bscscan.com/tx/0x11366fa2dff8199123bcf9361323274a3fe2efd896ca258915fa45b08379f42e) + +**(click on "Click to See More" to see it)** +šŸ‹FairOrca - ORCAšŸ‹ + +šŸ‹OrcaCoin is designed to be the most Fair Reflect token possible by incorporating Bot and Whale countermeasures to prevent buys from suffering loss due to high volatility, price dumps and botters grabbing cheap supply. There is a random TX fee between 2 and 8%, unless a bot is program specifically for this coin they will need to set at least 10% slippage where as a human could get in with less after a few attempts. The max TX of 1000 coins prevents holders from getting wrecked by whales dumping and destroying the price. 90% of initial supply is Burnt prior to presale creating large deflationary pressure. We are committed to making this token rugproof and contract will be renounced few hours after PCS listingšŸ‹ + +&#x200B; + +Buy Link: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1ca40FCAC21038091900b4cA62B39599F3c6b6c8](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1ca40FCAC21038091900b4cA62B39599F3c6b6c8) + +Telegram: [https://t.me/FairOrca](https://t.me/FairOrca) + +Twitter: [https://twitter.com/coinOrca](https://twitter.com/coinOrca) + +Chart: [https://poocoin.app/tokens/0x1ca40FCAC21038091900b4cA62B39599F3c6b6c8](https://poocoin.app/tokens/0x1ca40FCAC21038091900b4cA62B39599F3c6b6c8) + +4chan: [https://boards.4channel.org/biz/thread/32438337](https://boards.4channel.org/biz/thread/32438337) + +Total Supply 1000000.0000 ORCA + +Soft Cap 5 BNB + +Hard Cap 22 BNB + +Minimum Contribution 0.05 BNB + +Maximum Contribution 0.1 BNB + +MarketCap 2 hours after launch: \~135k$ + +Website launched: [Fair Orca | The 1st Fair Reflect token against Whales and Bots](https://www.fairorca.com/) + +&#x200B; + +**UPDATE** + +**Confirmation / evidence from Dev that the contract ownership has been renounced (meaning it is RUG SAFE):** + +[Binance Transaction Hash (Txhash) Details | BscScan](https://bscscan.com/tx/0x11366fa2dff8199123bcf9361323274a3fe2efd896ca258915fa45b08379f42e) + +**(click on "Click to See More" to see it)** +I own small business and make roughly $800K/year. I have triplets entering private High School at a cost of roughly $33K/Each per year. I have $100K for each child saved in a 529 account. Is there an advantage to using the the 529 funds for high school or should I save them for college. Will not having those funds available for college increase the odds of receiving at least some financial aid when they go to college in 4 years? Or doesn't it matter. Any other advise for financial management tricks if I have 3 entering college all at the same time? Anything you wish you would have done differently? +So if my thinking is correct, if a savings account gives a higher interest rate than the interest rate on my mortgage, I'm better off paying into the savings account than overpaying, correct? + +I owe the bank Ā£200,000k on a 1.5% fixed rate for 4 years. So every year I will pay(roughly) Ā£3000 in interest. If I overpay by Ā£10,000 in the first year I will save myself Ā£150 in interest every year (for as long as the rate stays the same), since my debt will be 10k lower than it would've been otherwise, every year from now on. + +However, if I get a 2% return interest on a savings account, if I put that 10K into it, I get Ā£200 in interest. Net gain of Ā£50. + +Then, in 4 years time when my fixed rate runs out, if my interest suddenly shoots up to 5%, I can take all that over pay + interest in my bank account and pay off a huge chunk of mortgage (no longer in a fixed rate and thus able to overpay with no limit). + +Does this logic make sense? Also, I'm thinking of interest rate as annual when in reality it's monthly. Does my logic hold if we start talking about Ā£833 a month instead of Ā£10k a year? +Hey there r/Superstonk, welcome to Kiraverse! + +We're an online multiplayer blockchain-based game created in Unreal Engine 5 where players across the globe can come together to play, compete, and earn. Kira is a third-person shooter and is starting off Season one with two game modes: "Elimination" and "Battle Royale." + +Players can earn in game tokens to acquire, purchase, or rent characters, skins, weapons, and more to enhance their gameplay and further their immersive experience in the Kiraverse. + +&#x200B; + +**Kiraverse Roadmap:** + +https://preview.redd.it/2px1alap0fr91.png?width=1206&format=png&auto=webp&s=551f1c94b8fe12828faa30a06ddc78e21c9ce40c + +&#x200B; + +**Gameplay:** + +https://reddit.com/link/xttkjw/video/6n8nmpcr1fr91/player + +&#x200B; + + + +**Initial AMA questions**: + +&#x200B; + +**How did this project come to life, where did the inspiration for it come from?** + +KIRA means Ruler/Leader. Being in the Web3 space it was always about the fight against centralization. So KIRA stemmed from that. The decentralized civilization that would pave the way fighting against centralized experiences. Our team is comprised of gamers at heart, we draw inspiration largely from popular BR titles and combine elements that we like with what we think the gaming space needsā€¦ Digital ownership! + +&#x200B; + +**How big is the team, how did it come together?** + +21 team members currently and growing, 5 of our core team members did blockchain development contract work prior to Kiraverse and have formed an efficient strong team from there. The whole Kiraverse idea really came together a little over a year ago when we started to see that NFTs can serve as a tool that shakes up the gaming industry. + +&#x200B; + +**How did it happen that you ended up with IMX and by extension, on Gamestop?** + +We were referred to IMX by a company we did blockchain integration for. After chatting over emails / calls we actually flew to another state to meet their team and after that first meeting we hit it off, IMX just really gets it, theyā€™ve been a great partner and true pioneer to the NFT gaming space. IMX had a partnership with GameStop already and once we got the opportunity to show GameStop what weā€™re building they welcomed us with open arms! + +&#x200B; + +**Among all the other games around what makes yours unique?** + +The everyday average gamer can make money from their home. It's about empowering the masses. Not everyone can become a pro gamer and earn money in Esports, KIRAVERSE makes this possible. Users now have the opportunity to earn in every match they play. In addition to that, we can integrate any NFT in game and allow users to play with their favorite avatars and buy, sell, rent and trade their assets. + +&#x200B; + +**Were you experienced on Web3/NFTs at the start of this project?** + +My co-founders and I have been in the space since 2017. I (MysticKIRA) am a fullstack developer, Kiracurrency owns a marketing company and Efficiently is the lead game dev. We all did contract work for a long time and through our love of crypto and gaming decided we could really make an impact in the space. We saw so many projects fail due to liquidity issues and bad management. We were victims of several rugs and realized there's a better way to do this so we put our heads together and took the first steps towards creating Kiraverse. + +&#x200B; + +**Where do you see nfts/web3 going in the future?** + +I think what we saw in this past bull run is over. I believe the future of web3 will be more organized and be led by much better management. I also believe gaming is a huge part of this because NFTs are essentially already digital assets, but now you can actually dictate what is done with them. Gamers now buy thousands of skins and they just sit in their inventory unable to sell, trade, or rent in most instances. Now restoring power back to the players allows gamers to earn revenue off of that skin, or should they choose to sell it etc.. It's a no-brainer once web2 catches on. Mass adoption is coming and our belief is the most popular use case for NFTs will be within the gaming niche. + +&#x200B; + +**Any exciting integration on Kiraverse that you can talk about?** + +Can't wait for our real Battle Royale map to be finished. It's bigger than Fortniteā€™s map, will have insane high poly graphics and lots of cool structures. Another thing weā€™ve focused on during development is promoting players to use the environment to their advantage during battles. At the time I can't reveal too much else on the topic but it is going to be sick. We've shown it in discord livestreams to our community briefly, so IYKYK. + +&#x200B; + +**Wen Kira NFT, wat mint price?** + +TBA, TBA. + +&#x200B; + +**Last one, besides yours, any other Game coming up to IMX that youā€™re hyped about?** + +The best game on IMX besides us would have to go to Illuvium, absolute polar opposite to Kiraverse when it comes to game style. However, we think it has legs and will do well as their team is committed and delivers quality gameplay in a niche that needs it! + +&#x200B; + +Weā€™re so grateful to have received such overwhelming support from the GME & Stonk communities, it is still so early along in Kiraverseā€™s journey and seeing the feedback is both humbling and reassuring that weā€™re right where we need to be. + +For any other questions, please feel free to comment below and I'll do my best to answer all of them! + +&#x200B; + +**Socials:** + +[Discord:](https://discord.gg/kiraverse) + +[Sign up for Alpha access:](https://kiraverse.game/) + +[Twitter:](https://twitter.com/KiraverseNFT) + +[YouTube:](https://www.youtube.com/channel/UC1XWWQws0l9XrSrgbprhjMQ) + +&#x200B; + +Congrats to last week's NFT giveaway winners: + +EVA: da\_squirrel\_monkey + +NATE: KaLul0 + +EVA: salataris + +NATE: Crazyfistz + +The prizes will be sent out today! ā¤ļø +I know this is very personal but just curious how this fits in with frugal saving. Do you do it? How much is it? I personally started to do it this year with 0.5% of my income for the year and will do it every January 1st or something hopefully. The feeling is kind of weird when one day you are looking for the prices of the best price of an air condition unit for example and the next day you donate multiples of that price difference and I think it makes you think about money a little bit differently overall. What are your experiences? +As adoption increases, weā€™re bringing more idiots, children, and failed comedians into the space. + +Where I used to find information, discussion, intellectual and constructive criticism, I now see a flood of ā€œCan you believe the number 69 is in the price of BTC?! Next stop 69,420!ā€ or ā€œ69,420.69 the magic number!ā€ + +Yes, marijuana is good. Yes, sex is good. We all know it. Youā€™re not contributing anything by referencing them. + +The intelligence and maturity in this sub, and nearly every other crypto sub Iā€™m subscribed to, has become completely diluted. + +All this, during a time where weā€™re pushing for adoption. Weā€™re trying to be taken seriously. Weā€™re wanting to bring new investors into the space. Weā€™re wanting to see real use of crypto/blockchain technology. + +And here you all are acting like a bunch of children, laughing at the mention of ā€œgenitaliaā€ in biology class. + +Itā€™s fucking embarrassing. +Hello, I'm a new investor, and I've been doing a lot of research. I wish to invest in low cost, globally diversified index ETFs. I really love the Vanguard and iShares asset-allocation ETFs, VEQT and XEQT, and their automatic rebalancing. However, I don't mind rebalancing myself. + +I wanted to hold the following underlying ETFs directly in my TFSA, for fee optimization. + +XUU (45%) + +XIC (27.5%) + +VIU (22%) + +VEE (5.5%) + +&#x200B; + +MER: 0.1096 (I save roughly 9-13 basis points in fees) + +&#x200B; + +I was wondering how well this portfolio might perform compared to VEQT or XEQT. Is it worth holding these underlying ETFs directly, or should I simply hold VEQT or XEQT? Although I save about 9-13 basis points in fees, I was wondering if there're anything else I might be missing, for which this portfolio might perform worse. + +In roughly 5-7 years, I intend to move over to a 90/10 portfolio, with 10% bonds and 90% stocks. For bonds, I plan to hold mostly BMO's aggregate bond, ZAG, and a some short term bonds like XSB, for an extra focus on short term bonds. +Looks like the SEC is making moves here to not only clamp down on ICO fraud but potentially regulate the entire space. Them moving to call this a security is pretty huge. They also referred to the DAO mess over the summer as a securities offering but declined pressing charges at the time. + + +https://www.bloomberg.com/news/articles/2017-12-04/sec-halts-ico-that-promised-investors-13-fold-profit-in-a-month +So about 1.5 years ago I quit my job and took some time off, and I thought it would be a good time to do a little write-up of my experience. Spoiler alert: I'm now working a part-time job that I think would qualify me as BaristaFI? + +Context: after working six years for a tech company in the SF Bay area and watching my commute slowly grow from just over an hour to a solid 1.5 hours each way, at a job that gave me virtually no free time, I decided it was time to quit and be unemployed for a while. "You'll be so bored!" one of my coworkers said. In a way, he was right, but the truth is that I was already so bored at my job that it was really was a drastic improvement to be bored and at home with nothing to do, rather than bored while at work and/or commuting in terrible traffic. The feeling is a bit like this SNL skit where Adam Sandler parodies a certain tour company that takes you to Italy: "If you're sad now, you might still feel sad there, OK?" + +https://www.youtube.com/watch?v=TbwlC2B-BIg + +My plan was to take about a year to travel and maybe take a class or two at the local community college. As it turns out those two things are mutually incompatible, since you can't very well attend class regularly while also traveling for weeks at a time. So I did the traveling first, going to various places that I'd been meaning to visit but hadn't yet gotten around to. In January (now nine months into funemployment) I signed up for a couple of acting classes, which mostly occupied me through May. One of these classes met on Sundays, and I realized, with regret, that I could have been doing these all along even while working full time; I'd just never thought of it as a possibility. + +Meanwhile I also decided to write a paper and present it at a conference, which gave me a chance to travel to somewhere new and catch up with some old friends from my grad school days. This turned out to be a double edged sword. While it was nice to see everyone and exercise my old academic brain, it also reminded me of how much I missed being in academia and learning new things all the time. After I got back from that trip I fell into a deep depression, with the excitement of travel now replaced by mundane everyday existence, my liquid cash accounts starting to scrape the bottom of barrel (I had to sell some stuff from my brokerage account to replenish), and what seemed like a pointless job search. Most of the part time jobs I saw just didn't pay enough to justify doing them, most of the full time jobs I was even remotely qualified for weren't very interesting (to me), and the ones I did apply to either ignored me or rejected me without even an interview. + +Eventually I saw a craigslist posting for a part-time front desk position at a nearby hostel. Amazingly enough this part-time position also provided health insurance and quite generous vacation time (more about health care issues below). I applied, got the job (apparently my experience way back when working at Pier 39 was a major qualificationā€”at the time I just thought of it as a throwaway job), and it's turned out pretty OK so far! It was refreshing to not have to pretend that my One True Passion in Life is this job (seriously... check out some of the postings on craigslist for waitstaff or dishwashers where one of their demands is that you be "passionate" about your "craft" or some such BS). + +Now the health care issue is probably the most annoying part about being unemployed. I'm lucky that I'm a dude in my 40s without any super serious medical problems, but despite being in California, where the state has done a lot to make things easier for people who don't have employer-sponsored coverage, it was still a major pain the ass to sign up for coverage properly [edit: by this I mean an Obamacare plan]. It ended up taking months to get the policy I wanted, and only then did the CoveredCA rep tell me that I was making too little per-month [edit: to qualify for Obamacare, that is] and they were going to cancel the policy and send me over to my county's Medicaid office, which meant I had do a separate application process all over again. Medicaid is also annoying for traveling since it doesn't cover you out of state, so I ended up buying travel medical insurance for each trip. Not a big deal, just annoying to have one extra thing to think about. And the tax form for ACA over/underpayment was probably the most complicated one I had to fill out for the year. So I'm super happy to have employer coverage again (it kicks in after 60 days). + +Numbers-wise, I think I'm good... Assuming a 4% safe withdrawal rate, and assuming my annual expenses stay the same and that income from my new job remains constant (the pay is slightly higher than the local minimum wage), I should be more or less breaking even for the next 25 years (at which point my mortgage will be paid off). It's weird because my net worth doesn't seem that high (to me), but when I run the numbers through my spreadsheet it seems to work out, so it's a little bit of a leap of faith (faith in the safe withdrawal rate, that is). + +So now I'm working 3 days/week at the hostel, I've signed up for a foreign language class at the local community college just for fun, and I have three other days of the week to do whatever and maybe get to some projects I have on the back burner, if and when I feel like it. So I guess I've achieved BaristaFI? My mental state is now back to just mildly depressed all the time, which I feel like is my normal state, anyway.... so I think I'm pretty OK. And to paraphrase Shakespeare and/or Ryan North.... All's pretty OK that ends pretty OK, right? +Hi all, + +I am posting this for advice and for someone to give me some hope/share their experience with this. + +I have parents in their mid 50s with a combined income taxable income of $120k and a total of $330k remaining in mortgage. They expect to finish the mortgage in 10-12 years which would be around retirement age but my mum has been having health issues and would like to retire within 3-4 years. Both their jobs are physical so I feel for my dad too having to do what he does well into his 60s. Important to note that weā€™re an immigrant family so they only have around $100k in super. + +Personally I am 25 and earn $93k taxable and manage to save $30k in cash so far with another $12k invested. + +I expect my income to grow but I feel like I am stuck between saving up for house and also helping my parents out. + +With house prices going through the roof I donā€™t want to be stuck in a situation where I am priced out of the market for years and also stuck in a situation where I am also paying my mortgage well into my 50s. + +Has anyone been in this situation before? What did you do? Itā€™s been an emotional few weeks and I feel under increasing pressure to do something about it. I know there are no easy ways and there might not be a clear cut answer but I would like to hear about your experiences. +I will save another $10,000 to reach my goal of $20,000 by this time next year, buy a 3 or 4 unit rental property, continue to save and further my real estate career, live within my means and using the properties as a (somewhat) passive income stream work at my job that I love as few or as many hours as I want. +I make about $20,000 a year working 35 hours a week at my current job. +I live with my parents currently and will until I move into the rental property. Because of this I save nearly every penny I make aside from a few expenses such as food and car costs + +What are your thoughts? +Roughly 24h after ICONOMI has opened their [platform](https://medium.com/iconominet/iconomi-platform-is-now-open-for-registration-d1cad79321ac) they have gathered 507 ETH at time writing, for their own [ICNX](https://www.iconomi.net/arrays) +fund. Thatā€™s pretty impressive. + http://imgur.com/a/sBROn // http://imgur.com/a/zlaVu +http://www.businessinsider.com/jason-brown-quit-football-farmer-2014-11 + +I like this counter-example of the pro sports star that retires and blows his money in 2 years. Brown quit his NFL career early, learned to farm, and is donating his entire crop yields to food pantries. There's nothing in the article about how he's sustaining his money, so it's possible he'll use all his money up in a couple of years, but I get the impression he won't. + +This is an amazing way to retire if/when you have the means! And it's nice to see that not all young people that "strike it rich" are unable to handle it. + +Edit: added 2 and a hyphen +Since 1-2 months my portfolio of stocks and ETF's keeps shrinking as the title says. + +I'm owning some blackberry, Nio, SolarEdge, Ishares clean enery fund, Palantir and some other small positions + +I felt like this was a good approach, taking on tech, energy, data/security and transport. But my portfolio has been performing the most terrible since I started a few years ago. + +Am I the only one? It's a part of investing and I'm certainly aware of it. Heck I've bought more and more on the way down but I can't keep doing that forever. + +What's your experience? + +Edit: thanks for all your responses. Really helpful! I forgot to mention that I held a lot of ETF's before this. I also own some Apple shares as well so still in tech but also some bigger growth stocks. It's clear that I should spend more time doing research and diversifying my portfolio and maybe get some more ETF's. Just not sure which because a lot is at it's all time high. +https://www.cnbc.com/2019/03/29/lyft-ipo-stock-starts-trading-on-public-market.html + +>The offering marks the first debut from a heavyweight class of tech companies going public in 2019. + +>Lyft revealed skyrocketing revenues in its initial IPO prospectus, but posted 2018 losses north of $900 million. + +>The stock's early performance will serve as something of a litmus test for public investors and their tolerance for mature, not-yet-profitable tech giants. + +Edit 2: + +Update as of 14:33 EST, it's at $81.54. +I was looking a historical chart of P/E ratio for the overall S&P 500 index, and noticed something strange: + +https://www.macrotrends.net/2577/sp-500-pe-ratio-price-to-earnings-chart + +There are enormous spikes around 2001 and 2008, the times of the dot-com crash and financial crisis respectively. + +However, if you hover your cursor over those spikes to look at exact dates... you'll notice that the spikes REALLY take off AFTER the crash was well underway. The dot-com crash began in March 2001, but the P/E ratio continued to climb from 25 to 46. The financial crisis started in September 2008, but the ratio climbed from 25 to 116. + +I suppose that if companies were releasing bad earnings reports during that time, it would push the P/E ratios higher. But I believe th prices were slashing in half during that same time, so earnings reports would need to have been insanely bad. + +Is there just a bug in the way this chart was constructed, or am I missing something? Why do valuations seem to trail the bubbles and crashes? +I have around 1k on my account, and I have been trading with 50% of it, which means every trade I use 500 dollars. I was wondering what % of your capital you guys use? +After hearing many traders chose to be trading with funded accounts, I decided to take a look at the possiblities, but, I'm hesitating to try, drawdown at 5% daily and 10% max ($500,1000 for 10k fund) , entry fee of roughly $200. Trade size, probably 1 lot max ( 50 pips ), so basically you're risking $200 for $500~1k fund and you have to be errorless and real profitless for 3 months. If my understanding is inaccurate, please enlight me, thanks + + Hey, my name is Abdul and Iā€™ve been trading on and off for 5 years. I started right after I got out of boot camp for the Marine Corps because my girlfriend at the time wanted to become a stripper LOL. Isnā€™t that crazy? But I fell in love with it. When I made my first $250 in an hour, I thought that this was my ticket to freedom. From then on, I studied religiously only having time for my military duties and studying. No matter how much I studied, the psychology of the market controlled me. I over-leveraged, used big lot sizes, had no real plan or strategy, never sat down and wrote more than 3 trades on paper. Anything that required discipline, I failed at. Five years later and almost 50k lost between crypto and forex, Iā€™m so frustrated with myself. + +I feel like Iā€™ve been lazy, half assing every so called ā€œeffortā€, all this time that I wasted because I refused to slow down. Iā€™m tired of my greed, impulsivity, and lack of discipline. Thereā€™s a voice in my head that tries to protect me from my impulsivity but I never fucking listen. After I lost 35k in the recent crypto crash, I thought I would be different. Last night, I blew half my account. Thatā€™s the catalyst for this emotional post, Iā€™m tearing up typing it. + +I feel like Iā€™m a lost cause, 22 years old and unable to learn new tricks. For 5 years, Iā€™ve done it all wrong and I want to begin again, the right way but it seems so overwhelming. + +I need some advice and guidance, I feel so close to tears. I wonā€™t give up but the thought of continuing the same way shakes me. + +Thank you for your time +Hey everyone, welcome to the first of a (potential) series of threads about price action related topics. This week, we're going to talk about support and resistance (S/R). + +S/R is without a doubt the 'bread and butter' of most price action traders. If you're not familiar with the concept of S/R (or are in need of a quick refresher), [check out this babypips lesson.](http://www.babypips.com/school/elementary/support-and-resistance-levels/support-and-resistance.html) + +I just want to make it clear that I'm not here to teach, I'm just here to contribute to discussions and share information. If all you PA minded people get involved, these threads will be a goldmine. If not, I'll stop wasting my time. + +--- + +## I've got a couple of basic discussion points for you: + +* What's your method of plotting S/R? + +* How do you distinguish between minor and major S/R, and do you use/treat them differently? + +* How far back do you scroll your chart when plotting S/R? + +* Do you have any links to good S/R related articles, videos or threads? + +It'd also be great if you could post a random chart of yours with S/R levels plotted, the more visual representations of S/R we have, the better. + +--- + +### This thread is for anything S/R related, so feel free to: + +* Ask questions + +* Share some good S/R related articles, videos, threads and/or information + +* Post some charts - you can get some feedback on your S/R plotting skills + +--- + +**This thread is not for discussions/arguments that don't involve S/R.** And for god's sake, if you like what someone has gone to the effort of typing up, the least you can do is give them an upvote. + + + +I'm actually quite surprised that Ripple overtaking ETH didn't have such a huge effect. + +I'm curious to know if we've been behind them for this long of a time period before, if so how long did it take to reclaim #2? + +Any other thoughts you'd like to share I'd appreciate. +I wanted to see what landlords on this sub think about raising single family home rents in smaller increments every year or couple of years on long term tenants. Iā€™m worried that if I donā€™t raise it periodically, then I could have a long term tenant that pays the same rent for a decade or more when the market would have appreciated much more. +So I have .12 acre vacant lot next door to my house in the Florida panhandle. I paid $6,000 for it and I was originally thinking bout selling it with the house eventually to make the house more appealing. However, lately I've been really tempted to hold on to it and put a $20,000 slightly used manufactured home on it and rent it out (there's a lot of singlewides already in the area). + +Do you think this would be wise? Or should I consider building a site built home on it to rent/sell? +https://www.theaustralian.com.au/nation/redhot-property-prices-may-hurt-some-but-high-unemployment-is-worse-rba/news-story/ + +The Reserve Bank says expansionary monetary policy is pushing up house prices, hurting non-homeowners and raising concerns in parts of the community, but it will still keep interest rates ultra-low until 2024. + +In a speech on Thursday evening, RBA deputy governor Guy Debelle said while house prices may not rise as fast without monetary stimulus, unemployment would definitely be ā€œmaterially higherā€ without it, and that other tools can be used to address the distributional consequences of a red-hot property market. + +ā€œThe recovery in the Australian economy has significantly exceeded earlier expectations, reflecting the sizeable fiscal and monetary policy support, as well as the favourable health outcomes,ā€ Dr Debelle said. + +ā€œBut significant monetary support will be required for quite some time to comeā€. + +In the Shann memorial lecture, Dr Debelle explained that rising housing rices ā€œare part of the transmission of expansionary monetary policy to the economyā€. + +ā€œThey help encourage home building, along with government grants such as the HomeBuilder policy, which boosts activity and employment. There is plenty of evidence of that here in Perth,ā€ he said. + +ā€œThe Bank recognises thatĀ rising housing pricesĀ heighten concerns in parts of the community. Housing price rises can have distributional consequences. That is certainly an issue that needs to be considered, and there are a number of tools that can be used to address the issue. + +ā€œBut I do not think that monetary policy is one of the tools. Monetary policy is focused on supporting the economic recovery and achieving its goals in terms of employment and inflation. + +ā€œIt is important to remember that while housing prices may not rise as fast without the monetary stimulus, unemployment would definitely be materially higher without the monetary stimulus. Unemployment clearly has large and persistent distributional consequencesā€. + +According to property researcher CoreLogic, national property prices rose by 6.8 per cent in the three months to April. + +Dr Debelle noted theĀ size of the economyĀ was now back to its pre-pandemic level, due to particularly strong household spending off the back of vast fiscal support and rapid jobs growth. + +ā€œThis has been a remarkable episode where householdsā€™ incomes have risen at the same time as the economy has been through a historically large recession,ā€ he said. + +ā€œThat reflects the large support provided to the household sector by fiscal policy through JobKeeper and JobSeeker, and more recently by the very strong employment growth. + +ā€œOutcomes in the Australian economy have significantly exceeded even the optimistic expectations in terms of economic activity. +ā€œBut that is not the case on the nominal side of the economy in terms of wages and inflation. While the Australian economy has experienced better employment outcomes than most other countries, wages growth in Australia has been noticeably weaker than in many comparable economies, most notably the United States.ā€ + +Dr Debelle said consumer inflation was a little ahead ofĀ 1 per cent in the year to the March quarter, and the headline rate is likely to spike to above 3 per cent this quarter due to higher oil prices and the unwinding of pandemic child care discounts a year ago. + +ā€œBut after these base effects wash through, we expect inflation to fall back to below 2 per cent,ā€ he said. + +On Friday, the RBA will publish updated economic forecasts in its quarterly Statement on Monetary Policy. + +Dr Debelle, who is a member of the RBA board, said the bank will ā€œnot increase the cash rate until actual inflation is sustainably within the target band of 2 to 3 per centā€. + +ā€œFor that to occur, we will need to see further significant gains in employment and a lower unemployment rate,ā€ he said. + +ā€œWe will need a tighter labour market to lead to higher wage rises. In the Boardā€™s central scenario for the Australian economy, it does not expect these conditions to be met until 2024 at the earliestā€. +Years ago I learned about how terrible financial advisors were for the common man. How the same stat got thrown in my face over and over, "95% of traders don't beat the market." From what I understand, there is merit to this fact. + +Because of this I've stacked up VTI/VTSAX, VGTSX, and VOO. Since inception, I've averaged 13% YOY. The gains are impressive since I started in about 2011-2012, with heavier contributions each year as my job came with higher salary over the years. Easy to look good in the beginning of a decade long bull run. + +"Time in the market" > "Timing the market" - This is another one that seems to stand the test of time. Constantly seeing advice on liquidating so they have "cash on the side to buy the dip." Is that not just timing the market? Why sell unless to spend or spend during retirement? + +My question is why are subs like [r/stocks](https://www.reddit.com/r/stocks/) and [r/investing](https://www.reddit.com/r/investing/) and such so popular, constantly everyday people posting about their super niche tailored portfolios with DD on random companies. And it seems there is a herd like mentality in these subs as well. + +Tech stocks go up - all the DD and posts are about tech stocks - everyone is bullish in tech....until its not + +Tech stocks go down - tons of QQ and posts about "how is the market going up and I'm down 15%?" - with comments talking about OP lacking diversification. + +**Again if 95% of traders don't beat the market, why are so many people trying?** + +Some things that I may not fully grasp: + +* Are regular people building their custom portfolios, picking individual stocks not considered traders? +* The market has inefficiencies - does this invalidate the "95% stat?" +* Does the "95% stat" only apply to professionals? And by some weird way allow retail average Joes better opportunity? +* Why does the consensus on all the finance subs seem to be centered around building your own portfolio? +* Are 19/20 people in these subs really failing to beat the market? +* Why not just VTSAX and chill? +It just baffles me how ancient Vanguards platform seems. The features they offer compared to competitors are terrible. With them having some of the most used funds in the world, why don't they invest in their website and app and make it as good as fidelity and M1? They would dominate the world if they just added fractional share buying or M1s pie setup. I just don't get why they don't invest the money into themselves to offer a better investing platform. +Originally posted by u//Happy1013 in the daily: https://bitcoinmagazine.com/articles/chinas-blockchain-invasion/ + +Wanxiang Blockchain Labs ā€” Working with Ethereum, Wanxiang is the largest blockchain development backer in China. After purchasing 500,000 ETH tokens last year, it pledged $30 billion for the development of a smart city in Hangzhou. It offers open-source platforms for anyone to build upon, and launched an accelerator fund for developers, intending to put money into promising projects and integrate digital apps into Chinaā€™s 21st-century cities. + +At a recent fintech summit in Hangzhou, Dr. Xiao Feng, GM of Wanxiang Blockchain Labs, said, ā€œThe first generation of internet technology has brought great changes to society. In China great companies like Alibaba, Tencent and Ant Financial have emerged. The blockchain represents the second generation of the internet,ā€ adding that big changes will come with artificial intelligence, encryption, decentralization, finance and the transfer of value. +Luckin Coffee Inc.Ā (**LK)** confirmed Monday that it its being investigated by market regulators in China as its Nasdaq-listed shares continued to be suspended following revelations earlier this month that it may haveĀ "fabricated sales" reports that could have totaled more than $300 million of more than $300 million. + +The China-based rival to StarbucksĀ said it was "actively cooperating" with theĀ State Administration for Market Regulation in Beijing after it reportedly raided the company's headquarters over the weekend.Ā  + +The statement followed a move by theĀ China Securities Regulatory Commission earlier this month to investigate fraud claims linked to Luckin'sĀ  April 2 admission that aroundĀ RMB2.2 billion ($310 million may bane been fabricated in a scheme linked to its formerĀ chief operating officer. + +The Nasdaq, meanwhile, said Monday that shares in the group remain halted, following their first cessation on April 6,Ā  + +[https://www.thestreet.com/investing/luckin-coffee-offices-raided-as-china-regulators-probe-fraud](https://www.thestreet.com/investing/luckin-coffee-offices-raided-as-china-regulators-probe-fraud) +Has anyone realized that the "hype" around these new FinTech banks has died down significantly since 2019/2020? + +For example, amongst friends, there used to be lively debate about which is better and very loyal fans of each bank. Now that conversation seems to have died down. Activity in each respective subreddit is at an all time low, where customers no longer debate new features or talk about what they look forward to - just some complaints here and there, and some random questions here and there. Even in the news, it's mostly about compliance issues and staffing turnover. +***"The pen is mightier than the sword"*** + +***-*** *Edward Bulwer-Lytton, 1839* + +&#x200B; + +This is u/myplayprofile. I fall into the category of ā€œretail/ma and pa investorā€, and I am a GME shareholder. I am not a financial advisor, this is not financial advice. The following is written for šŸ¦, is made possible by the wrinkles of many silverback šŸ¦, and is written by an šŸ¦ hoping to gain some more wrinkles in my own brain. If you can read, then anything you read in this post is done by your own free will, and any financial decision you make is of your own doing. If you do not understand the use of emojis, memes and other šŸ¦ speak, I recommend doing more of your own ~~doubling down~~ due diligence starting here [HERE](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_medium=android_app&utm_source=share), and you will learn the language as you go. If youā€™re a lurking member of the MSM, please let my šŸ¦ prose and emoji use continue to feed your bias that this piece and the many cited and linked posts provided throughout are ā€œdumb moneyā€ nonsense, because any analysis of the content will risk exposing who the ā€œdumb moneyā€ truly is. I will be connecting some dots, both new and old, providing detailed quantitative analysis, speculating on what I believe happens next with the GME stonk and explaining why and how I have put money at risk on that speculation. My personal trading strategy involves elevated risks through the use of options, my risk tolerance is different than yours, and what I do should have no bearing on your own financial decisions. I cannot emphasize enough, if you have never traded options, or have limited understanding of how they work and the risks involved, DO NOT try to learn on the fly, especially with GME. I first started options trading by using a virtual/paper account with fake money, followed by years of losing real money. If you yolo into calls, instead of keeping things simple with a buy and hodl strategy, its almost certain the MOASS will start the Monday after your calls expire. And just to reiterate to help clear up any confusion as to who this is ā€“ I am u/myplayprofile, and Iā€™m jacked to the TITS its almost SEPTEMBRRRRRRR. BUCKLE UP šŸ¦. + +&#x200B; + +[That's the reeking stench of šŸ’©ašŸ”” desperation](https://preview.redd.it/wlxcqhz1k5k71.png?width=845&format=png&auto=webp&s=8490cf9f54e116f26f4e55935b887a47098c5139) + +# 1. NEVER FORGET HOW GME GOT HERE - + +Years ago, a wrinkly brained retail investor analyzed the fundamentals of GME and determined the share price was not properly reflecting the future outlook of the business. This investor began sharing his investment thesis on social media. His Reddit username is u/deepfuckingvalue, it's his šŸ°day, and his [original thesis](https://www.youtube.com/watch?v=alntJzg0Um4&list=PLlsPosngRnZ1OLfGPDLLC3a8k_rrwFNk6&t=15s) is founded on fundamentals, with a few brief mentions of high short interest and technical indicators pointing to higher share prices this time last year. By initially using options, and properly managing the risks associated with options trading, he was able to turn a $50k option trade into an investment now worth over $40 million, based on 8/27 GME price of $205 with the assumption he still hodl's 200k shares. More on options later. Below are screenshots, but due to strict no brigading rules, no links, search the reddit profile if you want to see the posts yourself - + +[DFV's Reddit Post from Sep 2019](https://preview.redd.it/xjl2n83qx5k71.png?width=764&format=png&auto=webp&s=8fd63755b4e90e04abe989328b2f23bcdc894f7b) + +[DFV's Last Reddit Post](https://preview.redd.it/adsco1ibx5k71.png?width=764&format=png&auto=webp&s=8534671bd1610e2651303d0eaae265ac749b155a) + +[DFV had many large drawdowns along the way, follow his post history to learn how he managed that risk. ALSO - DFV DID NOT YOLO INTO OPTIONS NEAR EXPIRATION!](https://preview.redd.it/tdy1zwzey5k71.png?width=762&format=png&auto=webp&s=14283ecef8101b403231ce5eec774ac3b2a996cf) + +The [fundamentals of GME](https://www.reddit.com/r/Superstonk/comments/oyo70n/its_time_to_talk_about_some_f_words_buckle_up/?utm_source=share&utm_medium=web2x&context=3) are now stronger than they have ever been, showing DFV's initial fundamental assessment was correct. Today, however, that analysis is far too conservative compared to GME's future business prospects after eliminating all long term debt, fully overhauling leadership and the board, and positioning itself to be a leader in the [future EXPLOSIVE growth of NFTs.](https://www.reddit.com/r/Superstonk/comments/pe37k7/the_gme_warpath/) For example, [GME Q4 2020 Earnings](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-2020-results) far exceeded expectations, shown by [stellar growth in sales, especially the key metric of e-commerce growing 175%](https://www.reddit.com/r/GME/comments/mcd53c/gme_earnings_analysis_and_the_message_beneath_the/?utm_source=share&utm_medium=web2x&context=3). The MSM narrative around GME fundamentals is not aligned with reality, and I encourage you continue this reading journey to figure out why. Analysts claiming otherwise are either incompetent, or are required by their employer that has short risk exposure to the GME share price to continue earning a paycheck. + +# 2. GME TODAY + +Now that we've had a history lesson, let's talk about where the GME saga is today. My favorite Pomeranian has sniffed out what I believe is the most credible [Theory of Everything](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/?utm_source=share&utm_medium=web2x&context=3) to date, albeit still is likely missing pieces of the puzzle. The thesis ties together how a group of HF/Banks/Brokers dubbed [The Voltron Fund](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/) have created complex derivatives I will refer to as [LMAYO Swaps](https://www.reddit.com/r/Superstonk/comments/pbmcww/quanting_support_for_ucriands_latest_masterpiece/?utm_source=share&utm_medium=web2x&context=3). The LMAYO swaps are [statistically proven to exist with nearly absolute certainty.](https://www.reddit.com/r/Superstonk/comments/pbshru/irrefutable_proof_of_ucriands_subprime_meme/?utm_source=share&utm_medium=web2x&context=3) These are collateralized equity total return swaps, in šŸ¦ speak, baskets of šŸŒs, that can be leveraged and used to short GME well beyond the tradeable float. The LMAYO swaps can [exploit loopholes to gain reporting exemptions and hide money offshore](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/?utm_source=share&utm_medium=web2x&context=3) while also [hiding true short interest](https://www.reddit.com/r/Superstonk/comments/pbibrk/the_start_of_the_swaps_packaging_meme_stocks_up/?utm_source=share&utm_medium=web2x&context=3) reported to the world. The regulators claim these loopholes [were never intended to exist](https://www.reddit.com/r/Superstonk/comments/pc0zhv/swapping_regulations_for_offshore_risk_the_full/?utm_source=share&utm_medium=web2x&context=3), but it's hard for me to believe this. The GME saga has opened my šŸ‘€ to the reality the system is very intentionally designed this way to continue to enrich the oligarchs by crushing the 99.9%, all while the "police" over the situation [litigate to regulate](https://www.reddit.com/r/Superstonk/comments/pa8oae/fire_up_the_cubans/). The large institutions and hedge funds keep the revolving šŸšŖ spinning between institution and enforcer, ensuring bad actions are merely a small part of the cost of ~~business~~ crime that funnels billions of dollars every year from the many to the few at the top of this šŸ’© infested pyramid scheme called the 'economy'. + +&#x200B; + +Individuals across the globe are starting to catch on to all the fuckery, hoping for SOMEONE, SOMEWHERE with the power to take action finally support their right to invest as they see fit in companies they believe in. While some have found solace by screaming into the void of the internet and finding sympathy from šŸ¦, there has been no action against the criminal cartel that fraudulently counterfeits shares of companies, where victims of the fraud are non the wiser until they try to [access the shares they think they own](https://www.reddit.com/r/Superstonk/comments/pc362i/posted_about_two_months_ago_about_a_transfer_from/). All the while, the MSM vilifies these individuals as [an army and mob](https://www.reddit.com/r/Superstonk/comments/pd4ydk/meme_armys_shortsqueeze_attack_socialmedia_mob/), while [praising those](https://www.marketwatch.com/story/why-robinhood-may-be-more-than-a-meme-stock-phenomenon-11629739984?siteid=yhoof2) at the heart of the malicious scam instead of shining light on [the crimes committed in front of the world's eyes](https://www.reddit.com/r/Superstonk/comments/p76b47/unbelievable_vlad_recorded_on_call_confirming_he/?utm_source=share&utm_medium=web2x&context=3). Whenever fuckery is afoot, everything always seems to tie back to the same criminals - [INSERTING STEVIE COHEN's INTRODUCTION](https://www.reddit.com/r/Superstonk/comments/otnt8z/a_brief_introduction_to_steve_cohen_from_broviet/?utm_source=share&utm_medium=web2x&context=3). The convicted and known criminals then have the audacity to troll šŸ¦ after Vlad turns off the buy button [on Jan 28, 2021](https://www.reddit.com/r/Superstonk/comments/mtv959/you_wanna_know_what_dancing_looks_like_this_guy/). I wonder, was it Stevie or Kenny that was paying the shills on 8/26 to run a coordinated smear campaign against me across multiple subs, through 12 shill accounts that are now deleted - + +[\\"FUD Me Harder, Daddy šŸ˜˜\\" - u\/poonmangler](https://preview.redd.it/atnletasv6k71.png?width=814&format=png&auto=webp&s=97f99731e3a7c8136f5064b0b0c077df783553c8) + +[A naked short selling scam](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/), further leveraged and exploited through derivatives and ETFs, has victimized GME and many other stonks for years. Countless companies have failed and millions of lives have been destroyed to funnel illicit "gains" into the hands of a global criminal enterprise. šŸ’©ašŸ”” is the [Designated Market Maker](https://www.reddit.com/r/Superstonk/comments/n68ooc/did_you_know_citadel_is_the_nyse_dmm_for_gme/?utm_source=share&utm_medium=web2x&context=3) and the epicenter of the fuckery, with a long and well documented history of [abusive and willful naked short selling](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/), using illicit gains over the past several decades to monopolize the order flow of the market. šŸ’©ašŸ”” executes [an estimated 27% of ALL market trades.](https://www.bloomberg.com/news/articles/2021-01-22/citadel-securities-reaps-record-6-7-billion-year-on-volatility) Top government officials are directly on their payroll, such as [former chairman of the Federal Reserve](https://www.citadel.com/news/dr-ben-bernanke-serve-senior-advisor-citadel/), or indirectly, such as the [current US Treasury Secretary](https://www.reddit.com/r/Superstonk/comments/p0hq3n/the_us_treasury_secretary_janet_yellen_has_been/). Kenny's the captain that navigates the ship of fuckery, but only one pillar [in the house of cards](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/). The cancerous growth of corruption and crime has infected the most vital organs of the global economy, and a single house is not enough to satisfy the greed of these individuals, so an entire [Castle of Glass](https://www.reddit.com/r/Superstonk/comments/ok2e0b/a_castle_of_glass_game_on_anon/) has been built on top of a pile of [$310 Trillion worth of derivatives](https://www.reddit.com/r/Superstonk/comments/pagvu6/ill_sleep_in_the_futures_with_a_new_derivatives/), and the cracks in the foundation holding it all together are growing. + +&#x200B; + +If you are starting to feel a little šŸ¤¢šŸ¤®, run to the šŸš½ if you're not already taking a šŸ’©, and take a deep breath. šŸ¦ around the world are here to not only offer support, but also offer a way I believe you can "hedge" yourself against the deadly blow the criminal enterprise I described above is about to inflict upon the world. It also happens to be my favorite company, because [GME has become the ultimate hedging tool](https://www.reddit.com/r/Superstonk/comments/n1cp7q/gme_has_become_a_hedging_tool_and_should_be_owned/) to protect yourself when šŸ’©ašŸ”” hits the fan. + +[Just Don't Fucking Dance - Meme cred to u\/BlakChills ](https://preview.redd.it/qbt7lpzxx6k71.png?width=945&format=png&auto=webp&s=8f5f8e683eb36321193cbab1b649ae9658024e78) + +# Sniff, Sniff - Are you smelling it now. I haven't even started cooking yet, just the prep makes the aromas of šŸ’©ašŸ”” desperation fill a room. It's almost tea time, and I haven't even called attention to the other FUD campaigns being waged that have left many šŸ¦ frightened of the very tools they can exploit for their own personal gains. It's time to get TECHNICAL, and if you're already set with your own buy and hodl strategy, you have the OPTION to proceed with further reading or return to your state of zen knowing the Hedgies R Fukd. + +# 3. THE SETUP + +At this point, your blood may be boiling a bit, but your tits may also be tingling. You made it this far, and may even have a weird sensation in your brain caused by the wrinkle formation process. So to help ease your blood pressure a bit, take some time to really take in the beauty of the picture below, and if you've been here awhile, think about the rollercoaster you've been through. If the prelaunch turbulence of the šŸš€ made you take actions you later regretted, take the time now to reflect on how you can better prepare yourself for a journey to the šŸŒ™, because it's time to strap in, Things really start to accelerate after the stratosphere - + +[Credit to u\/isnisse for this beauty](https://preview.redd.it/bbfysc3e17k71.png?width=960&format=png&auto=webp&s=316c183b7f195a8e38be7bc9ff0d373adfc30311) + +**The Patterns -** + +* ***Near Term -*** [Flag and Pennant](https://www.investopedia.com/terms/p/pennant.asp) \- Price Target = $280 + * Investopedia Description *- " The price target for pennants is often established by applying the initial flagpole's height to the point at which the price breaks out from the pennant. For instance, ifĀ a stock rises from $5.00 to $10.00 in a sharp* [*rally*](https://www.investopedia.com/terms/r/rally.asp)*, consolidates to around $8.50, and then breaks out from the pennant at $9.00, a trader might look for a $14.00 price target on the positionā€”or $5.00 plusĀ $9.00. The* [*stop-loss*](https://www.investopedia.com/terms/s/stop-lossorder.asp) *level is often set at the lowest point of the pennant pattern, since a* [*breakdown*](https://www.investopedia.com/terms/b/breakdown.asp) *from these levels would invalidate the pattern and could mark the beginning of a longer-term reversal."* + * Pattern Validation - Not Yet Confirmed - with breakout above $210 followed with increased volume and a nice green šŸ† pattern will be validated + * Target Pattern completion date - 9/3/2021 + +[Beautiful Flag and Pennant Pattern Formed in GME Last Week on the Daily Chart - Short Term Breakout to $280 implied with breakout above $210 & Rising Volume](https://preview.redd.it/yyftcqrmuck71.png?width=1226&format=png&auto=webp&s=3d5979518b06bf67160b1fb3dde18eb82fad6819) + +* ***Medium Term -*** [Bull Flag](https://www.investopedia.com/terms/f/flag.asp) \- Price Target = $340 + * Investopedia Description - *"Flags are areas of tight* [*consolidation*](https://www.investopedia.com/ask/answers/120414/how-do-i-identify-stock-under-consolidation.asp) *in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically consists of between five and twenty price bars. Flag patterns can be either upward trending (*[*bullish flag*](https://www.investopedia.com/stock-analysis/cotd/answ20090105.aspx)*) or downward trending (bearish flag). The bottom of the flag should not exceed the midpoint of the flagpole that preceded it. Flag patterns have five main characteristics:* + +1. *The preceding trend* +2. *The consolidation channel* +3. *The volume pattern* +4. *A breakout* +5. *A confirmation where price moves in the same direction as the breakout* + +*Bullish and bearish patterns have similar structures but differ in trend direction and subtle differences in volume pattern. The bullish volume pattern increases in the preceding trend and declines in the consolidation. By contrast, a bearish volume pattern increases first and then tends to hold level since bearish trends tend to increase in volume as time progresses."* + +* Pattern Validated 8/24 with breakout above $160. +* Target completeion date - 14 trading days after breakout - 9/10/21 + +[Bull Flag Pattern verified and in progress. Breakout date of 8\/24. Pattern expected to continue for 14 days, and complete by 9\/10 around $340.](https://preview.redd.it/bgctynhc2dk71.png?width=1229&format=png&auto=webp&s=03566a89675c2a27c28c3c1b95706d6eb9bed6cb) + +* ***Longer Term -*** [Elliot Wave](https://preview.redd.it/yxm65lyh0i471.png?width=2222&format=png&auto=webp&s=884987dc185e8d149c5a10e5af5cccff290c7b8d) \- Near term PT \~$480; Medium term \~ $1,275 + * šŸ¦, we are blessed to have many wrinkles in the hive mind of this community, and the [Elliot Wave Guy](https://www.reddit.com/r/Superstonk/comments/pb1wk4/today_was_just_the_warm_up_the_tides_are_shifting/?utm_source=share&utm_medium=web2x&context=3) is much more wrinkly than I am, so if you have not followed his posts in the past, now might be a good time to start. Elliot Wave is an incredible tool, but can be very misleading at first, and this is mainly due to the dynamic nature of the tool that is constantly evolving as trades are made. + * From my own count, which seems to align well with the wrinkly Elliot wave expert, we are entering the best phase of a count - the rare, and most profitable part of an Elliot wave count - Wave (iii) of 3 of III. This is the most powerful part of a count, and typically holds the largest percentage of the gains associated with a 5 wave move. + * The combination of a wave (iii) of 3 of III with the other patterns described above is very bullish, and my tits are jacked. + +[Just Up](https://preview.redd.it/in4dm8378dk71.png?width=2453&format=png&auto=webp&s=a5fd906f11b9c834f52a4967a2957996bbec5247) + +While I may have a few wrinkles in regards to technical analysis, many others are far more advanced and talented at TA than I am. While there may be many traders that lurk on the sub, there's one professional trader I have started following that also happens to offer free access to his own analysis and insights every day. I highly recommend checking out Gherkin's [Daily TA](https://www.reddit.com/r/Superstonk/comments/pe5nhp/jerkin_it_with_gherkinit_forward_looking_ta_for/) for more in depth analysis. + +# 4. THE OPTIONS + +Boy, has this become a hot topic recently. + +[If you don't understand options, don't trade them. If DFV listened to FUD that options should never be used, his initial GME investment would have been \~10k shares around $5, and would now be worth \~$2 Mil. DFV likely still owns 200k shares, worth over $40 Mil. Options made this possible. Just because you don't understand them, or are not comfortable with the risks associated with options trading, does not make options bad. Bad risk management makes options bad.](https://preview.redd.it/xhfs5hieedk71.png?width=577&format=png&auto=webp&s=c30e3b12a6d3575c84e72e8c79c86ba15bc5354f) + +First we need to talk about two important concepts - Asymmetric Risk and Moral Hazard. + +* **Asymmetric Risk -** + * In terms of finance, [Asymmetric Risk Exposure](https://financial-dictionary.thefreedictionary.com/Asymmetric+Risk+Exposure) is *"A situation in which the potential* ***gains*** *and* ***losses*** *on an* ***investment*** *are uneven. For example, in an* [***unhedged***](https://financial-dictionary.thefreedictionary.com/naked+position) ***short sale***\*, the potential gain is limited to the total potential loss of the\* ***underlying asset*** *(because something cannot have less than no* ***value***\*), but potential losses are unlimited because the underlying asset could increase in value ad infinitum (resulting in a loss for the short seller)."\* + * IRL, this leads to [Asymmetric Volatility](https://www.investopedia.com/terms/a/assymetricvolatility.asp), a phenomenon where markets tend to take the stairs up and the elevator down, i.e. March 2020. In a "short squeeze", the underlying stonk being squooze takes the elevator up, and elevator down (typically). i.e. GME in Jan, yet lots of squeezing potential remains. This happens due to leverage, fear, and margin calls leading to cascading dominoes of liquidations when risk exposure needs to be quickly taken off the table. + * In terms of data, [Asymmetric Information](https://www.investopedia.com/terms/a/asymmetricinformation.asp) is caused by FTD's of information, where certain market participants have access to more market moving data than others. This is the LARGEST, SYSTEMIC issue "retail investors" face, because šŸ’©ašŸ”” has monopolized market order flows, taken 50% of market trades off lit exchanges and funneled them into their single dealer platform (SDP) called Citadel Connect. The SDP is the **DARKEST POOL** with far fewer regulations than registered dark pools known as Alternative Trading Systems (ATS). Sprinkle some good old fashion crime like Stevie Cohen's insider trading on top of that, and it's easier to grasp why the information gap between šŸ¦ and billionaire led criminal organizations continues to funnel money from the many to the few. Luckily for šŸ¦, we have found a way to share information, taking away some of the šŸ’©ašŸ”” information advantage, but at the end of the day systemic overhaul is needed with tighter regulations to help move to a more fair and balanced market. +* **Moral Hazard -** + * [Moral Hazard](https://www.investopedia.com/terms/m/moralhazard.asp) is generally defined as "*the risk that a party has not entered into a contract in good faith or has provided misleading information about its assets,* [*liabilities*](https://www.investopedia.com/terms/l/liability.asp)*, or* [*credit capacity*](https://www.investopedia.com/terms/f/five-c-credit.asp)*. In addition, moral hazard also may mean a partyĀ has an incentive to take unusual risks in a desperate attempt to earn a profit before the contract settles."* + * Additionally, this includes [behavioral changes](https://www.investopedia.com/ask/answers/032615/what-difference-between-moral-hazard-and-morale-hazard.asp) that might occur and increase the risk of loss when a person knows that insurance will provide coverage. + * šŸ’©ašŸ”” survived the '08 market crash by doing everything they could to survive [ONE MORE DAY](https://www.reddit.com/r/Superstonk/comments/nz7qzl/ken_griffin_talks_about_how_they_survived_2008/). Behaviorally, Kenny also watched the institutions with the largest systemic risk get bailed out by $BILLIONS, when he *ONLY* [got $200 Mil](https://www.reddit.com/r/Superstonk/comments/pediuk/the_system_is_broken_repost_for_new_apes_hold/?utm_source=share&utm_medium=web2x&context=3). While this is not the place to argue about if the $700 Billion of bailouts should or should not have occurred, it is appropriate to highlight the behavioral changes this large scale intervention in the market caused and the precedence it has set for the future. Kenny has been reprogrammed behaviorally to reassess šŸ’©ašŸ”” risk management to make sure the risk exposure carried by his criminal enterprise is enough to ensure they are treated the way AIG was, and not Lehman, and he is incentivized to carry outsized risk in the event of a ā¬›šŸ¦¢ that "nobody saw coming", except for "dumb money" šŸ¦. + +&#x200B; + +Up to this point, this post has been a recap of the GME saga, with some scattered bits of education and analysis based on known facts and what I believe are the best working theories to date on what is occurring with GME's stonk. From this point forward, things get more speculative, and you should not interpret anything as definitive. The outcomes of the above TA can be thought of as cards in a Texas Hold Em poker hand - while pocket aces are a great starting point pre flop, it doesn't mean they're going to give you the best hand at the turn of the river. + +&#x200B; + +[At this point, including the analysis and story recap above, heading into the trading week and running with the poker analogy - it's pre flop, longs hold pocket jacks and shorts hold a queen 2 off suit, and it looks like šŸ’©ašŸ”” is thinking of going \\"ALL IN\\"](https://preview.redd.it/2ghi6kau4ek71.png?width=690&format=png&auto=webp&s=1b2ffae6e84ee3beabd0fcb6e2123f1791c05243) + +My SPECULATION is the designated market maker for GME (šŸ’©ašŸ””), ended the trading week with unhedged delta and gamma exposure. It is impossible to known with certainty this is the case, but the trading activity after the the rise to $225 on 8/24 to the closing price of $204.95 on 8/27 does not indicate this occurred, and I ask any wrinkly šŸ¦ that see this analysis and disagree to please comment to help correct any errors. So what happened to lead me to this conclusion? + +&#x200B; + +[Delta & Gamma Neutral Levels vs GME price as of 8\/27\/2021 - credit to u\/yelyah2](https://preview.redd.it/zjz3w4084fk71.png?width=910&format=png&auto=webp&s=740273a41344eede0a42af9d007974d23a5a7e86) + +First, I'm going to take walk you through another silverback šŸ¦'s analysis of [Delta Hedging](https://www.reddit.com/r/Superstonk/comments/pcxwci/delta_hedging_and_settlement_data_dn_update/). This model estimates how many shares of GME would need to be purchased to perfectly delta hedged. As u/yelyah2 notes, "*This assumes every option is perfectly delta hedged once per day. This is not realistic, and likely vastly overestimates the actual shares delta hedged. Some hedge funds are ok carrying a non-zero delta position, some hedge with other derivatives (instead of equities), some hedge continuously, or some hedge end of day."* Read her post before continuing if you are confused. Let me be clear, I complete agree with this analysis, and would expect MM's to follow this fairly close if they were in fact properly hedging their risk exposure. The raw data is shown below - + +[GME Price, Volume, and Estimated Delta Hedging Impacts - credit to u\/yelyah2](https://preview.redd.it/03bq8pet4fk71.png?width=798&format=png&auto=webp&s=13c18ea645a721af9ed3f6e37d7791d2ad2e1298) + +HODL tight, I'm going to start tying everything together, but first need to call attention to another piece of data that is often misunderstand or labeled as useless FUD - [DAILY SHORT VOLUME](https://www.reddit.com/r/Superstonk/comments/pdsddm/gme_vol_last_week_was_359_mil_499_or_179_mil_of/) + +[GME Volume Analysis - credit to u\/MacAttack218 ](https://preview.redd.it/tgaqrcar6fk71.png?width=844&format=png&auto=webp&s=0ff3525173c26bd0f3bbab4df3f3a537791e38d4) + +The next part of this analysis is going to open up the possibilities of asymmetric information risk, because there is a lack of data available to tie everything together with 100% certainty, only šŸ’©ašŸ”” knows what really went down, so I'm going to try and close the gaps with what I believe are reasonable assumptions. So let's start drilling down into the data available - + +* 36 million shares were traded last week, of which 11 million were confirmed short sales, leaving a net volume of 25 million. +* Looking closer at the daily trading volume history from [https://marketchameleon.com/Overview/GME/Stock-Price-Action/VWAP](https://marketchameleon.com/Overview/GME/Stock-Price-Action/VWAP), I drilled down and pulled out all market sweep orders that resulted in red šŸ† dropping the price. Sweep trades are done by "high rolling smart money" funds when they want to take a position in a hurry, that "sweep" through the order book. In the case of large red šŸ† - the orders hit all the bids needed to fulfill the order quickly, rather than moving through a dark pool or spreading the sale across more trades over a longer time frame to limit price impacts. There were 4,347,000 shares sold by "smart money" panic selling. Taking this away from the 25 million shares of remaining volume, that leaves \~ 20.6 million shares left. Could this be double counting short volume? Perhaps, although, it's my understanding sweep trades used for shorting purposes are illegal based on the uptick rule. Please correct me if I am wrong. +* Using the data provided by hell yeah yelyah2's chart above, almost 1.2 million shares were needed to be purchases for the 8/20 option settlement, combined with more than 5 million shares needed for new delta hedges after the 8/24 spike. The \~20.6 million shares left to reconcile now becomes a mere \~14 million shares. +* Now, I find it highly improbable that a bullish chart pattern that took nearly 3 months to form was only met with \~14 million shares of long purchases. +* Is it a mere coincidence the 18 million shares traded in the dark pool could reconcile this volume analysis if the 4 million shares needed to properly delta hedge the MM naked call exposure where simply never purchased, and instead, the MM deployed that capital in price suppression and shorting, while relentlessly hammering the unhedged short call position lower through lowering the ask price, reducing IV, and selling more naked short calls? šŸ¤·ā€ā™€ļø +* Somehow, the DOOMPs tie into this whole story, whether its Criands theory or some other [other type of fuckery](https://www.reddit.com/r/Superstonk/comments/p7sofm/update_analysis_to_options_fuckery_to_manipulate/) that hides SI or gives the colluding SHFs/MMs a loophole to skirt even more regulation by claiming they were some type of "bona-fide" trade. + +Now that was a lot of words, you may be scratching your head saying WTF, so let me present a simple 5 min candle chart to better explain. + +[8\/25-8\/27 5 Min Chart - šŸ‘€ closely at those pink šŸ† - a nice glimpse of what šŸ’©ašŸ”” desperation looks like](https://preview.redd.it/d37mjzoq3gk71.png?width=2515&format=png&auto=webp&s=b52b5d21447cc146fb8a8716bb83646ffc93f007) + +If you didn't say WTF before, did you this time? This post is long, it is a lot to take in all at once, but imho it's needed to understand what I'm speculating here - Just about every short attack and share šŸ¤® since the retest of the 225 levels has seen the price recover to the pre dump level, on less volume than it took to dump the price. My interpretation of this chart, without being able to see the order flow like Kenny can, is they are running out of options, as every stop loss hunt and sell algo spark they tried to find just simply didn't exist, and every time they tried to tank the price back below the support of the lower near term flag and pennant formation shown above, buyers defended the line and returned the price back to previous levels. The bulls are in charge again, andšŸ’©ašŸ”” has the asymmetric information advantage on order flow to know it better than anyone. It' been awhile since I gave an update on that poker hand...starting to look more like those on the long side of the trade have pocket kings, and šŸ’©ašŸ”” only has a 10-2 off suit. + +# 5. MORE šŸš€ FUEL. WHY? CAUSE FUCK EM, THAT'S WHY + +[No Comment Needed, Other Than Credit to u\/bluestar4u ](https://preview.redd.it/qnf8zr8hagk71.png?width=500&format=png&auto=webp&s=3b381de9f24d1f568c81a9d049baa693f7c29e92) + +Now I could stop here, but I haven't even mentioned one of the most important, yet overlooked theories on the cyclical nature of the GME price movements. I'm not talking about the LMAYO swaps and the future roll period, which we're in, I'm talking about the [Supplemental Liquidity Deposits (SLDs)](https://www.reddit.com/r/Superstonk/comments/ooyvbg/sld_periods_and_the_gaps_between_an_investigation/) the hedgies still have to carry until the T+9 settlement date after the expiration of monthly options. August 20th was monthly option expiry, and 9 trading days later is the 2nd of SeptemBRRRRR. But this time it's different. Because on Sep 3, right when the SHFs would get relief, [NSCC-005 is implemented](https://www.reddit.com/r/Superstonk/comments/pd0k4v/nscc005_confirmed_implementation_friday_september/), raising deposit requirements for $10k to $250k per member, and for each shell company of fuckery they've used to pillage the world. Seems like a dicey time to be a global criminal enterprise that specializes in manufacturing umbrella's of shell organizations to fuck over the world while also teetering on the brink of failure. Running a business is a tough game sometimes, huh Stevie, or was I meaning Kenny? + +[SLD Deposit and Gap Windows - credit to u\/Suspicious-Singer243 ](https://preview.redd.it/64ss0p6pkgk71.png?width=1815&format=png&auto=webp&s=9013293d4e02f31c8ed5a041ec8b547ba6d72b4e) + +So after a long journey, I think it's more likely those long GME are hodling POCKET šŸš€šŸš€ and šŸ’©ašŸ”” has a 7-2 off suit, and Kenny just went all in. Ultimate 'smart money' move. Not because he has a winning hand, but because he has an asymmetric information advantage over the government knowing his moral hazard risk sits at all time highs. See, we knew all along his intention - he is never going to cover. Instead, he decided to keep doubling down, until he reached a point naked short selling GME wasn't enough, so instead of doubling down, šŸ’©ašŸ”” is naked shorting call options with 100-1 leverage to ensure the systemic risk they are creating is just big enough they don't end up like Lehman did in 08. RIP, Dumbass... + +&#x200B; + +[LMAYO - And you thought the $700 Billion Bailouts in 2008 were big. Don't worry, the amount this time has only grown because we're going through a period of \\"transitory inflation\\". Thanks J.](https://preview.redd.it/tbv50iborgk71.png?width=500&format=png&auto=webp&s=a6bd841ba77a88ab18dca835f34dbd07e1ece93d) + +&#x200B; + +[8\/30\/21 - 3:25PM EST - šŸ’©ašŸ”” building their case for a bailout - Short Buildup is an increase in open interest but a decrease in implied volatility, suggesting traders are selling more contracts on short positions in the option.](https://preview.redd.it/jy1me7psqjk71.png?width=1404&format=png&auto=webp&s=870b5e6bb2b4b6b9cb5d35b400368059af8d5d28) + +# + +&#x200B; +I am so torn about the moment and would love and appreciate some perspectives from a community that may resonate! Live in an awesome urban neighborhood in the Midwest, making and saving great money. Our beautiful house overlooks a park and a Great Lake, it has so much character and on a spacious lot by city standards. But.. the house is getting too small for our growing family. And there arenā€™t many great options for upsizing in my neighborhood. I donā€™t want to give up the urban lifestyle for many reasons - one primary driver is the chance for my kids to grow up in a diverse environment. The other is I will admit I adore my liberal bubble in the city. (I used to be a republican but Trump completely ruined that for me). Fat fire plans on track for me and my husband by 40-45 years old. But I am getting starry eyed looking at giant houses, double and triple the size of ours, set on beautiful multi-acre property surrounded by trees, rivers, preserves. Movie theater rooms, indoor pools, the works. And very affordable for us. Iā€™m afraid Iā€™ll be miserable living outside the city but Iā€™m starting to feel miserable now anyway, my kids are getting bigger and my house smaller. Everyone will value these things differently but I am curious - how worth it to you is the really fantastic, huge house on multiple acres versus access to the restaurants, life and culture of the city? Even for fat fires, it seems unlikely to find both. + +Edit: Thanks to everyone for your thoughtful responses! I appreciate this communityā€™s perspective and itā€™s helpful to hear that Iā€™m not alone. Certainly Covid fatigue has set in. I think weā€™re going to stay put, maybe explore renovation and keep an eye on the market. Hopefully light is on the horizon. +Been reading some annual reports recently (Berkshire, Disney, Coca Cola) to build my limited accounting and business knowledge. Any tips on reading these reports efficiently and what important information to look for and extrapolate? Are there better ways to improve business savvy and accounting literacy (book recommendations, etc)? Thanks! + +I'm a student with basic accounting knowledge from courses. +Keen to have a reddit gauge about which sectors are impacted the most by COVID pandemic in the last two weeks. Maybe people can share tips for getting a new job or getting by while the wave is surging. + + +*Edit from comment:* + +Hey OP, could you perhaps edit your OP to add that The Salvation Army (+ many other orgs) provide immediate financial support including food vouchers to those in need. I believe there's an office in every CBD. This could be tide impacted people over until Centrelink makes the first payment. + +https://www.salvationarmy.org.au/need-help/ + +https://www.redcross.org.au/get-help/emergencies + + + +"Australians who are laid off as a result of the coronavirus outbreak will be allowed to pull money out of their superannuation, Scott Morrison announced on Sunday. + +Withdrawals will be capped at $10,000 this financial year, and a further $10,000 next financial year, and will be tax-free, the prime minister and his treasurer, Josh Frydenberg, said. + +The withdrawals will be available from April to those eligible for theĀ coronavirus supplementĀ as well as sole traders whose hours or income has fallen 20% or more as a result of coronavirus." + +https://www.theguardian.com/australia-news/2020/mar/22/australia-is-easing-superannuation-access-for-those-worst-hit-by-coronavirus-but-can-we-afford-it +Hi, + +I posted this yesterday in financialindependence but it got taken down by moderators with no explanation after several downvotes. + +I am a 34yo living in USA with my girlfriend. I immigrated from Europe ten years ago, and am a dual citizen US/EU. + +I worked mostly as a software engineer and software engineering manager. My current stint is at an hedge fund working in tech, making about $1M a year in W2. + +My net worth is $2.5M liquid, and I also have some stocks from a private startup in Silicon Valley I worked for, and the shares are valued at ~$2M. This equity is highly illiquid, so for all purposes I assume $0 in my spreadsheets. + +I try to be grateful for all the good things I have, but truth is my job is ruining my life. It is horrible, insanely high pressure, working 80h a week, constant interruptions evenings/weekends/holidays. I feel my life is quite literally being wasted at the office. It is not so much about the large time commitment, but more the constant feeling that, for as long as I am employed there, I am literally owned by my boss and his insane demands (which he is right to demand since I am paid so much, so itā€™s not a problem with him, itā€™s me). This is burning me out. + +I really donā€™t know what to do next, I am completely lost. These are a few options I am evaluating: + +1. Slap myself in my entitled face, realize how good my income is, and continue sucking it up for a few years until my liquid net worth gets into the $5M range. I see this taking a massive toll on me, emotionally and physically. + +2. Quit my job and find a less stressful one. Having worked in Silicon Valley tech companies prior to my stint in tech finance, I know better opportunities exist, albeit with lower pay. However, nothing interests me, I talk to people in my network and the thought of joining a company and being ā€œexcitedā€ about building someone elseā€™s mission sounds very uninspiring, itā€™s just what Iā€™ve been doing my whole adult life. + +3. Quit my job as soon as COVID is under control, take a long break of six months to travel the world (I love SE Asia), and clear my mind, with no particular action plan about the future beyond that. YOLO basically. + +4. Start a one-person business: if I let my mind day dream, this is how I envision happiness, by being my own boss of a small online business, bringing value to somebody and not having to report to a boss: a straight relationship between me and customers, with me fully in control of everything. However, having been a corporate soldier my whole life, I have become so conditioned to being just a highly functioning cog in a big machine, that I have no idea what I could do. I cannot think of a single business idea. + +For context, I grew up in poverty so I tend to be rather frugal in life, my living expenses are ~$35k a year (post tax, excluding health insurance sponsored by the company), and my partner and I donā€™t plan on ever having kids, so this number should not drastically balloon in the future. Still, I certainly want to grow my assets to make sure Iā€™m covered for unexpected future expenses. + +Thank you for reading and happy New Year. +Guten Morgen to this global band of Apes! šŸ‘‹šŸ¦ + +Several European banks appear to be on the precipice of collapse, though there have been several can-kicks in recent weeks prolonging the inevitable. +The financial regulators of the world seem to believe that there is a way to turn this collapse around, after decades of ignoring the building problem. +What I've learned in the past few years about how the global markets operate makes me very skeptical that this is possible. +The crime is built in; it is a feature. +The time to prevent the collapse was long ago. + +eToro has now clearly demonstrated that they cannot be trusted. +Please, if you have any holdings in eToro, begin the transfer process elsewhere. +When your shares get out of eToro, be sure to DRS them as well. +I cannot stress this enough. +Until your shares are registered in your own name, you are taking a huge risk. +Get your shares to safety. + +Today is Monday, October 17th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- ā¬œ 120 minutes in: **$25.12 / 25,85 ā‚¬** *(volume: 6742)* +- šŸŸ© 115 minutes in: $25.12 / 25,85 ā‚¬ *(volume: 6740)* +- šŸŸ„ 110 minutes in: $25.07 / 25,80 ā‚¬ *(volume: 6730)* +- šŸŸ„ 105 minutes in: $25.20 / 25,93 ā‚¬ *(volume: 4910)* +- šŸŸ© 100 minutes in: $25.40 / 26,14 ā‚¬ *(volume: 3594)* +- šŸŸ„ 95 minutes in: $25.21 / 25,94 ā‚¬ *(volume: 3474)* +- šŸŸ„ 90 minutes in: $25.21 / 25,95 ā‚¬ *(volume: 3464)* +- šŸŸ„ 85 minutes in: $25.28 / 26,01 ā‚¬ *(volume: 3464)* +- šŸŸ„ 80 minutes in: $25.38 / 26,12 ā‚¬ *(volume: 1423)* +- šŸŸ© 75 minutes in: $25.40 / 26,14 ā‚¬ *(volume: 1423)* +- šŸŸ© 70 minutes in: $25.05 / 25,78 ā‚¬ *(volume: 1401)* +- šŸŸ© 65 minutes in: $24.95 / 25,68 ā‚¬ *(volume: 1383)* +- šŸŸ© 60 minutes in: $24.92 / 25,64 ā‚¬ *(volume: 1381)* +- šŸŸ© 55 minutes in: $24.91 / 25,64 ā‚¬ *(volume: 1370)* +- šŸŸ„ 50 minutes in: $24.91 / 25,64 ā‚¬ *(volume: 1370)* +- šŸŸ© 45 minutes in: $24.91 / 25,64 ā‚¬ *(volume: 1370)* +- šŸŸ„ 40 minutes in: $24.90 / 25,63 ā‚¬ *(volume: 1361)* +- šŸŸ„ 35 minutes in: $24.91 / 25,63 ā‚¬ *(volume: 1307)* +- šŸŸ© 30 minutes in: $24.91 / 25,63 ā‚¬ *(volume: 1294)* +- šŸŸ© 25 minutes in: $24.91 / 25,63 ā‚¬ *(volume: 1294)* +- šŸŸ„ 20 minutes in: $24.90 / 25,63 ā‚¬ *(volume: 1289)* +- šŸŸ© 15 minutes in: $24.91 / 25,63 ā‚¬ *(volume: 1286)* +- šŸŸ„ 10 minutes in: $24.89 / 25,61 ā‚¬ *(volume: 1286)* +- šŸŸ© 5 minutes in: $24.90 / 25,62 ā‚¬ *(volume: 1072)* +- šŸŸ© 0 minutes in: $24.85 / 25,57 ā‚¬ *(volume: 946)* +- šŸŸ„ US close price: $24.63 / 25,35 ā‚¬ *($24.88 / 25,60 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 0.9717. 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! +Here are someĀ charts worth keeping an eye on as we navigate yet another excitingĀ bull market cycle. + +This week's updates include: + +* BTC'sĀ **200-Week Moving Average**Ā has fallen to a 3-month low ofĀ 3.54x, well below the historical 10x - 15x multiple we've seen in prior bull market cycles. +* BTC posted aĀ weekly close belowĀ the **Bull Market Weekly Support** on Sunday, May 16 for the first time sinceĀ April 2020. In 2013 and 2017, BTC momentarily traded below said support before ultimately resuming its macro uptrend. +* BTC's **14-Month RSI** is currently 69.9 and back in "neutral" territory forĀ the first time since October 2020. This reversion lower suggests BTC is trending in a manner akin to theĀ 2013 bull market. +* BTC's **MVRV Z-score** of 2.94 is down -28% from last week's reading of 4.09 and sitsĀ at a 5-month low. BTC was trading at $19,400 the last time its z-score was this low. +* BTC's **SOPR Indicator** has fallen to a reading of 1.0126, a level last seen in September 2020. With the SOPR indicator fast approaching a reading of 1, one could expect BTC to bounce higher in the days/weeks ahead. + +### Ethereum's Logarithmic Regression Rainbow + +&#x200B; + +https://preview.redd.it/bauz3391zyz61.png?width=3304&format=png&auto=webp&s=af00b6ffcad18148a5acb9b1dff647d31e485090 + +**How To Read This Chart:** + +* Using ETHā€™s historical price action, we can plot logarithmic regression trendlines that coincide with historical levels of support and resistance. +* These lines can be useful for navigating bull and bear market cycles, as well as for identifying critical levels of support and resistance. +* Do note that with each day that passes, ETH's logarithmic regression rainbow trends higher. This means the longer ETH can continue to trend higher to the next subsequent regression trendline, potentially the higher the market cycle top. + +**What You Should Know:** + +* At a current price of $3,392, ETH currently resides between Band 5 ($2,857) and Band 6 ($5,327). +* Based on these regression lines, ETH's next big test of resistance is currently at $5,327 while support resides around $2,857. +* ETH would have to rally +57% to test resistance at $5,327 and would have to correct -16% to test support at $2,857. +* A move up to Band 8, which coincides with ETHā€™s previous market cycle top, would imply a $16,164Ā Ether and a +313.0% return from current price. + +### Bitcoin's +1 Yr. HODL Wave + +&#x200B; + +https://preview.redd.it/axsnoft7zyz61.png?width=3522&format=png&auto=webp&s=cc60cf9da6143e3c2b7e3ae8c9498344123d823d + + **How To Read This Chart:** + +* BTC's +1 Yr. HODL Wave shows what percentage of coins in circulation haven't been moved in at least 1 year. +* When charted against BTC's price, one can identify trends that coincide with bull and bear market cycles.Ā  +* Historically, a local top in the +1 Yr. HODL wave is congruent with the start of a new bull market. When the number of untouched coins begins to decline amid rapid price appreciation, one can be confident that a new bull market cycle is likely underway. +* When the downward slope of the HODL wave grows increasingly steeper, one can assumeĀ that selling pressure is beginning to increase and supply is likely to outpace demand. As such, a cycle top is presumably creeping closer. +* Prior to hitting a local high, a gradual increase in the +1 Yr. HODL wave signals that market participants are in "accumulationĀ mode." + +**What You Should Know:** + +* BTC's current +1 Yr. HODL Wave reading sits at 54.67%, i.e. 54.67% of all coins in circulation haven't been moved in more than a year. This is down -8.7 percentage points from a local top of 63.4% set on September 9, 2020. +* On January 31, 2013, BTC's +1 Yr. HODL Wave hit a local high of 48.2% and the price of BTC was at $20.40. When BTC hit a cycle high of $1,158 on November 30, 2013, the +1 Yr.Ā HODL Wave reading was at 38.8%. That is, over the course of 303 days, the number of coins that hadn't been moved in more than a yearĀ had fallen 9.4 percentage points while priceĀ appreciated +5,580%. +* On January 19, 2016, BTC's +1 Yr. HODL Wave hit a local high of 61.5% and the price of BTC was at $380. When BTC hit a cycle high of $19,660 on December 17, 2017, the HODL Wave reading was at 43.1%. That is, over the course of 698 days, BTC's HODL Wave fell -18.4Ā percentage points while price appreciated +5,073%. + +### Bitcoin's 200W Moving Avg. Multiple + +https://preview.redd.it/57zqk5pbzyz61.png?width=3560&format=png&auto=webp&s=d2f883fb55e4bca50b01a932d1a1d169ef6495d0 + + **How To Read This Chart:** + +* **200W Moving Average:** A critical level of support used toĀ determine an overall long-term market trend. The trendline measures the average price of BTC over the priorĀ 200 weeks. +* **Moving Average Multiple:** TheĀ multiple with which BTC is trading at relative to its 200-weekĀ moving average. For example, a multiple of 4.0x means BTC is trading at 4x its 200-week moving average. + +**What You Should Know:** + +* In prior bull market cycles, BTC has traded as much as 10x -Ā 15x its 200-week moving average prior to entering a bear market. +* BTC's 200-week moving average is 3.54x. That is, BTC is trading at 3.54x its 200-week moving average ($12,630), **down from last week's multiple of 3.74x and representing a 3-month low.** +* Given today's 200-week moving average of $12,630, a 10x -Ā 15x multiple would imply a BTC price of $126,300 - $189,450. +* BTC's 200-week moving average multiple hit a local high of 10.3X for the week of April 4,Ā 2013. On April 9, 2013, BTC hit a cycle high of $259. +* BTC's 200-week moving average multiple hit a local high of 13.2X for the week of November 25,Ā 2013, which coincidedĀ with a market cycleĀ top of $1,158. +* BTC's 200-week moving average multiple hit a local high of 15.2X for the week of December 11, 2017. That same week, price hit a cycle high of $19,660. + +### Bitcoin's Bull Market Weekly Support + +&#x200B; + +https://preview.redd.it/g6ubizoezyz61.png?width=3392&format=png&auto=webp&s=256bef17ad35cab705d3d969c981bf348a2e134b + + **How To Read This Chart:** + +* BTC's Bull Market Weekly Support tracks two critical levels of support that have acted as last lines of defense in prior bull market cycles: BTC's 20-week exponential moving averageĀ and 21-week simpleĀ moving average. +* In prior bull market cycles, BTC has mean reverted down to the 20W EMA and 21W SMA before bouncing and resuming its uptrend. +* When BTC breaks below both moving averages, the likelihood of BTC'sĀ bull market coming to an end is heightened. + +**What You Should Know:** + +* At a price of $44,700, BTC's 20-week exponential moving average is $46,823 and its 21-week simple moving average is $48,370. +* BTC posted a weekly close belowĀ the bull market weekly support on Sunday, May 16 for the first time since March 2020. Although bearish, we've seen several instances in the past where BTC momentarily traded below the weekly support band before resuming its macro uptrend. +* A move back up to BTC's 20-week exponential moving average equates to a +4.8% gain from current price. +* A return back above BTC's 21-week simple moving average equates to a +8.2% rally from current levels. + +### Bitcoin'sĀ Logarithmic Growth Curve + +https://preview.redd.it/qm26mhkkzyz61.png?width=3386&format=png&auto=webp&s=8ec56e56c708f4b2e90c16a4396eea7d59c6ca51 + +**How To Read This Chart:** + +* BTC's logarithmic growth curve consists of two sets of curved trendlines that have historically proven to be critical levels of support and resistance. +* While both lines point to price ranges whereby BTC is arguably "overbought" or "oversold," they also represent a notable underlying property of BTC that can be found in social networks, technological innovations, pandemics, societies, and economics: exponential growth. + +**What You Should Know:** + +* BTC is a +86% to +144% move away from entering into "overbought" territory, which is currently between $83,306 and $109,134. +* BTC is a -50% to -62% move away from falling into "oversold" territory. This week's range is $17,143 - $22,458. +* At a current price of $44,700, BTC resides in the 49 percentile of the logarithmic growth curve's $17,143 - $109,134 range. + + + +### Kraken Intelligence's Bitcoin Logarithmic Retracement Curve + +https://preview.redd.it/75uztp7rzyz61.png?width=3390&format=png&auto=webp&s=c37ef5ba24760aa9b04e27040b46fa05f4c63901 + +**How To Read This Chart:** + +* BTC's logarithmic retracement curve uses the growth curve's uptrending support line and historical price action to back into an implied market cycle top. +* Since 2011, BTC has long respected the growth curve's support line and has historically retraced down to said level upon hitting a market cycle top. +* When considering BTC's previous bull market cycles, one will find that it takes, on average, 385 days for BTC to retrace back down to the support band after hitting aĀ top. +* Also, one will find that BTC has corrected, on average, -86% after the bull market ends.Ā  +* By knowing where the price of the support curve is 385 days from today and making assumptions about how severe BTC will correct after hitting a cycle top, one can have a better sense as to whereĀ BTCĀ would need to be tradingĀ to correct down to the support band over a period of 385 days. + +**What You Should Know:** + +* The price of BTC's logarithmic growth curve support 385 days from today is $35,229. +* Assuming BTC corrects -70% this market cycle, BTC would need to be trading at $117K for BTC to retrace down to support 385 days from today. +* An -86% correction implies aĀ $255K cycle top and a -90% correction implies aĀ $352K cycle top. +* According to this model, BTC is not currently in "market cycle top" territory. + +### Bitcoin's Monthly Upper Bollinger Band & RSI + +&#x200B; + +https://preview.redd.it/pfplq9quzyz61.png?width=3578&format=png&auto=webp&s=4e24cdf4e46b5788f32df9c1db3e0b13b78002b6 + + **How To Read This Chart:** + +* **Bollinger Bands:**Ā A technical indicator that can be used to measure volatility and identify ā€œoverboughtā€ or ā€œoversoldā€ conditions. When trading above the upper band, anĀ asset can be considered "overbought." If trading below, the asset is considered "oversold." Oftentimes, the upper and lower Bollinger band represents a +/- 2 standard deviation move from a 20-period moving average. However, we'll be keeping an eye on a +4.5 standard deviation upper Bollinger band relative to BTC's 20-month moving average. +* **Relative Strength Index (RSI):**Ā One of most popular and widely used momentum oscillators. It measures over a 14-period duration and fluctuates between 0Ā and 100. A reading below 30 indicates "oversold," a reading over 70 signals "overbought." Given its historical relevance, we'll be focusing on BTC's 14-month RSI. + +**What You Should Know:** + +* BTC's current intramonth high of $59,603 came $38,286Ā short of crossing its monthly upper Bollinger band of $97,889. +* BTC's 14-month RSI is currently 69.9 and is in "neutral" territory for the first time since October 2020. The trend in BTC's monthly RSI appears to beĀ akin to 2013 when the index entered into "overbought" territory, then "neutral" territory, and then back into "overbought" territory upon BTC's second parabolic uptrend of 2013. +* In AprilĀ 2013, NovemberĀ 2013, and December 2017, BTC hit an intramonth high above itsĀ monthly upper Bollinger band as price setĀ a market cycle top. Only in theseĀ 3 instances have we seen BTC breakĀ through its +4.5 standard deviation monthly upper Bollinger band.Ā BTC's 14-month RSI also topped out well into "overbought" territory at a reading of 96. + + **Bitcoin's MVRV Z-Score**Ā  + + +https://preview.redd.it/qyn2842zzyz61.png?width=3562&format=png&auto=webp&s=99b82690ccfeab398b82259d66d49aa515b2baf7 + + **How To Read This Chart:** + +* **What Is A Z-Score?**Ā AĀ numerical measurement that can explain a value's relationship to a group'sĀ average. It is measured in terms of standard deviations. For example, a z-score of 0 means that a value is identical to theĀ mean and a z-score of 1.0 means that aĀ value is one standard deviation above the average. +* **BTC'sĀ MVRV Z-Score:**Ā Considers BTC's market value and realized value to help determine when BTC may be over/undervalued. A z-score between 7 and 11 (pink box) suggests BTC is "overbought." When between 0.9 and -0.3 (green box), BTC is believed to be "oversold." +* **MVRV Z-Score Formula:**Ā (Market Value ā€“ Realized Value) / (Std. Deviation of Market Value). +* **Market Value:** BTC's price multiplied by coins in circulation, i.e. market cap. +* **Realized Value:** The price of each BTC when it was last moved.Ā  + +**What You Should Know:** + +* BTC's current MVRV z-score is 2.94, down -1.7% from yesterday's reading of 2.99, down -28.1% from last week's reading of 4.09, and nowĀ at a 5-month low. The last time BTC's MVRV z-score was this low, BTC was trading at $19,400. +* BTC's market value is down -2.3% at $893BĀ and its realized value is unchanged atĀ $377B. +* A +138.1% increase in BTC's z-score would put the indicator in "overbought" territory. A -69.4% correction would put the indicator in "oversold" territory. +* Prior z-score tops:Ā  + * April 9, 2013: 11.05 + * November 23, 2013: 10.8 + * December 8, 2017: 9.77 + * Average score: 10.54 + * Note: These z-score readings topped out 1 day, 7 days, and 11 days, respectively, ahead of a market cycle top. +* On February 21, 2021, BTC's z-score hit a 3-year high of 7.62. + + **Bitcoin's Stock-to-Flow Ratio** + + +https://preview.redd.it/plcfvdf30zz61.png?width=3568&format=png&auto=webp&s=4a4d9ed4be032c4f8c9483fcf324f76a724d69f5 + + **How To Read This Chart:** + +* Much like gold and silver, we can considerĀ BTC's circulating supply (stock) against itsĀ expected production of new supply (flow) to get a stock-to-flow ratio.Ā  +* AĀ highĀ stock-to-flow ratio implies that a commodity is growing increasingly scarce and more valuable as a result. +* By overlaying BTC's price against its stock-to-flow ratio, one will find that BTC's price has trended alongside the ratio over the years. +* One will also find thatĀ BTC's price continues to divergeĀ less and less from its stock-to-flow ratio, which is a 365-day average; when price trends above the stock-to-flow ratio, the divergence is positive (>1) and thus BTC may be considered "overbought." +* The multi-coloredĀ line denotes the number of days until Bitcoin's next halving, which is when the mining reward for a new block is cut in half. This reduction in new coins (flow) drives BTC's stock-to-flow ratio higher, implying that BTC is scarcer and thus more valuable.Ā  + +**What You Should Know:** + +* Bitcoin is 1078 days out from its next halving, at which point its block reward will fall from 6.25 BTC to 3.125 BTC. +* BTC's current divergence is 0.46, down from yesterday's reading of 0.47 and down from last week's reading of 0.56. +* Prior market cycle tops coincided with a divergence reading of 40.8 (June 2011), 9.8 (April 2013), 9.75 (December 2013), and 3.5 (December 2017). + +All charts taken from Kraken's OTC daily email. + +ā€œ*All models are wrong, but some are useful.*ā€ +\-Ā George E. P. Box +**TLDR:** Brokers refuse to DRS IRA shares stating it's against internal policy. They will do a distribution to ComputerShare but that can be a taxable event, depends on your situation. Capital Gains + 10% early withdrawal + state tax can be upward of 30%+ taxes. If I don't have the money come April 2023 to pay them, I might have to sell. To me this sounds like what the SHF would want. So I present to you the steps I took to DRS **X,XXX** Traditional and Roth IRA shares with a NON-BROKER CUSTODIAN. + +**The key takeaway is that I used a custodian to DRS. My shares are not at the custodian now, they are with ComputerShare and Gamestop. They have been withdrawn from the DTC.** + +**This is not financial advise, just my experience, and I'm zen af rn.** + +"If your shares are registered with the broker, the fate of your shares lay with the broker (DTC). If your shares are registered with the company, the fate of your shares lay with the company (ComputerShare)" - Dr Trimbath from DRS Origin Story + +**Visual Guide followed by FAQ** + +[IRA AND DTC STOCK WITHDRAWAL](https://preview.redd.it/samikeceab591.png?width=771&format=png&auto=webp&s=ddc34e05ffb4e996608cf981150940d1d8607b3e) + +The overall steps are: + +1. Choose a non-broker custodian willing to direct register (DRS) your IRA shares, while remaining the financial custodian, and adding you as the registered owner - in the form of: Custodian Trust For Benefit Of your name IRA +2. I chose to work with Mainstar Trust ([https://mainstartrust.com/Contact](https://mainstartrust.com/Contact)) based on post and recommendations I've found. So far they have been extremely knowledgeable, responsive and helpful throughout this learning process. +3. Once you've made your selection, based on your DD, **setup a like-in-kind IRA account** with your non-broker custodian. These will be standard new IRA Account forms. like-in-kind means Traditional account for Traditional IRA and Roth account for Roth IRA. +4. Once the accounts are created, you will **fund them via a standard Transfer request**. The non-broker custodian will supply these and you can fill them out with your broker account information that you are transferring from. You don't need to contact your broker, unless you want to inform them to expect the request from your non-broker custodian. +5. Once the shares are in your non-broker custodian account, **request via email that they direct register them, for benefit of you, with the transfer agent** \- for Gamestop, that is ComputerShare. They should be familiar with this process. +6. Request they also scan and **email you the DRS Advise letter** when they have confirmation. +7. The DRS Advise letter will contain two pieces of information you need to create your ComputerShare account for your IRA shares: + 1. **Zip Code** on file (this will be your non-broker custodians zip code on the letter) + 2. **Holder Account Number** (starts with C00 on the letter) + +[Use the Zip Code and Holder Account Number from the DRS Advise Letter](https://preview.redd.it/sxcafi1gab591.png?width=772&format=png&auto=webp&s=96d2155bec0b51e0d25ddacbaa5afc138d2fa573) + +8. To initiate the ComputerShare account creation process, go to: [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) + +9. Click the **Register Now** link under Login + +https://preview.redd.it/kyy2didhab591.png?width=600&format=png&auto=webp&s=970325e31db8b3c2ce4e266480398b1b27e0e8be + +10. Under Confirm your details choose **Holder Account Number** + +11. Enter your Holder Account Number and Zip Code on file from the DRS Advise letter. + +https://preview.redd.it/1jexssajab591.png?width=620&format=png&auto=webp&s=53afd1e6d2f954a8507d8e586bda731b821c7bee + +12. Fill in the rest of the details, stock name, email (**use a different email** if you already have an existing ComputerShare account for non IRA shares), password, and click Register. You will receive a confirmation and a notice that your **Account Verification Code** will me mailed to the address on file. + +13. Contact your non-broker custodian and **ask them to forward you your Account Verification Code** from ComputerShare. Mainstar did this for me in less than a week. + +[Note your Verification Code - and that Mainstar's PO BOX number is 420 - nice](https://preview.redd.it/9p5jaqjkab591.png?width=638&format=png&auto=webp&s=5c51159ce828dfb83c8891b843e2a3a402f76334) + +14. When you receive the Account Verification Code go back to [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) \- this time choose **Login** + +https://preview.redd.it/9j5vq53mab591.png?width=609&format=png&auto=webp&s=bf1848f5bb421b040ff791273def5cb0d961bb40 + +15. Use the Username and Password you created earlier. + +16. When prompted enter the **5 digit verification code** that was forwarded to you. + +17. Welcome to your IRA ComputerShare Account! **Congrats**, you made it! Now things to do: + +1. Update your email preference in your Profile +2. Manage your investment plan +3. **VOTE!** \- You can vote directly from ComputerShare! + +https://preview.redd.it/gpdp6kanab591.png?width=1166&format=png&auto=webp&s=98471aa8d4d0722dec3b37a090155a7a4a324fbf + +**IRA DRS FAQ:** + +**Q:** How long does the overall process take? + +**A:** 10-20 business days. Things will go much faster if you contact Mainstar in advance and ask them to DRS the shares as soon as they get them, and to scan and email you the DRS Advice letter plus the ComputerShare verification code you will need to activate your account. Follow up with them, they are very helpful. + +**Q:** How much does it cost? + +**A:** Mainstar is $110/per account/per year. So if you had a Roth and Traditional loaded with GME it would be a total of $220 per year. Complete info on fees ([https://mainstartrust.com/Portals/0/adam/DocusignForms/VK1rKbuoYEOqpIOY\_EdUkg/File/20220307095230-Fee%20Disclosure.pdf](https://mainstartrust.com/Portals/0/adam/DocusignForms/VK1rKbuoYEOqpIOY_EdUkg/File/20220307095230-Fee%20Disclosure.pdf)) + +**Q:** Why do I need to use a separate email if I already have a ComputerShare Account? + +**A:** You do not want IRA shares mixing with non retirement shares. That could be a distribution, I'm also not sure ComputerShare would even let you and that could delay your whole process. + +**Q:** Can I sell directly from ComputerShare? + +**A:** No you need to use Mainstars online system or call or email. They are still the financial custodian and need process the sale. + +**Q:** How long does it take to sell? + +**A:** It takes 3-5 days to transfer back to Mainstar. You could do this tax free in advance when ready to sell. From there you can make immediate market orders or limit orders. + +**Q:** What happens to my funds after I sell, do they go back into my IRA? + +**A:** Yes, money goes back into your IRA at Mainstar, maintaining its tax free or tax differed status. + +**Q:** Can I vote directly from ComputerShare? + +**A:** Yes you can vote directly in ComputerShare, Mainstar also forwards you any documents they receive. + +**Q:** Why Mainstar Trust? + +**A:** [u/winebutch](https://www.reddit.com/u/winebutch/) posted about their successful experience months ago. I decided to pull the trigger myself. Since then I've heard nothing but good experience from other apes that have followed this guide. Mainstar reps are extremely helpful and familiar with the IRA DRS process, especially for GME! They do not use Apex and when I asked Dr Trimbath on Twitter about IRA DRS she recommended to try a NON BROKER custodian and work with small businesses. + +Feel free to ask more questions and I'll research/update the FAQ as I go. The best way to get questions answered is to email/call Mainstar directly. Again, this is **not financial advice**. In fact, I strongly recommend to interview your own brokers and custodians, consult with your CPA, and consider your situation and what works best for you. My goal is to share my experience and what I have learned based on months of research and push back from brokers. Share knowledge and experience, be kind, stay frosty everyone. + +Hope you enjoyed, SHOP, DRS, HODL, LFG! +https://www.cnbc.com/2020/01/16/wework-leasing-plunged-93percent-in-q4-after-failed-ipo-cbre.html + +WeWork only signed four new leases in the U.S. in the fourth quarter, as the company reeled in expenses following a SoftBank-led bailout. + +Total space leased dropped to 184,022 square feet from an average of 2.54 million square feet over the previous four quarters. + +WeWork ceded the top spot in the flexible office leasing market to Spaces, which is owned by IWG. +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! + +I've seen posts like this before but I was never able to empathize with them until now. + +I'm in my mid-30s and I recently retired from an 8-5 job. I still have some consultancy gigs that take up about 4-6 hours of my week. My husband is still employed but that's because he loves his job and the work environment but he also plans to retire in 5-6 years or shift to a consultancy role, if circumstances allow it. + +Anyway, since sharing to my friends that I've retired, I've encountered some hostility and snarky comments. Some have also invalidated all the planning and effort I've put into this and reduced it to mere luck. Even my long-time friends have conveniently forgotten that I started work at minimum wage and their starting salaries were double or triple of what I used to earn 15 years ago. Even family members have shamed me for my early retirement and the few who made positive comments are now angling for a loan. It's not like we have a lot, it's just that we only need little to survive because our mortgages are paid off and we don't have kids. + +I know it's very trivial and a first-world problem but I can't help but feel ganged up on and invalidated over something that I've worked hard for (I've been planning on early retirement since uni days because I was working two jobs living paycheck to paycheck while taking my degree. I also introduced the FIRE movement to my now-husband when we started dating). And it's not like I'm announcing my retirement to everyone, just when people ask where I work now or what I'm up to. + +So my question is, how do you react to snarky or shaming comments about early retirement? How do you celebrate wins without looking like a braggart? Do you have close friends and family who are genuinely happy for you? What do you do when it feels lonely on FIRE-ing early? Do you avoid questions about FIRE so as not to be judged negatively? +Hi, I'm a frequent commenter on this sub and I felt something needs to be said (I'm using a throwaway account because of employer reasons). + +I work for a fund manager in Australia in a client-facing capacity. I love talking to prospective clients and helping them make informed decisions, but a lot of my interactions are incredibly frustrating for both parties. See, most fund managers and their client service/sales staff are only covered under a General Advice license. This means, as much as you'd like to open up the call with your life story and what you're trying to do, it won't do any good because we can't engage with the information you provide. Further, we aren't qualified at all to tell you which product is right for you, we don't generally have enough information to make a proper recommendation and your life story is likely incomplete and noisy. + +I thought it would be nice to provide a set of handy tips to help you get the most out of these interactions, to save yourself and the representative a lot of time and disappointment. + +&#x200B; + +1. Read about the products on their website first (fact sheets, etc). Nothing is a bigger waste of time than calling someone up so they can simply read a website to you. You won't get any added value and you hold the queue up for people who need serious service or have questions that require human engagement. +2. Let the representative provide the disclaimer and acknowledge that you understand they cannot and will not consider your circumstances, goals, and objectives. Don't just pay lip service to this either by following up with "I'm 45, own my house and want to put my kids in private high school", it creates risk the associate may not be comfortable with and will make them less likely to engage. +3. General advice is not a way to get free personal advice. If you are truly clueless about what to do, go see a fee for service financial adviser. To get the most out of general advice, you need to have a baseline level understanding of your circumstances and some level of product literacy (ie not calling an ETF an "EFT"). +4. Come with a list of products you have in mind and ask for them to be compared and contrasted. A good associate can easily run with this and give you a lot of good (and legally compliant) information that can help you make an informed decision. +5. Different associates will have varying levels of comfort with General Advice. It's a very grey area that's very easy to cross (see ASIC v. Westpac recently). If the associate seems apprehensive about having a general advice conversation (and you've been consistent with the points above), politely ask to speak with a senior associate or an associate who is RG146 qualified (it's not a legal requirement for all associates to have this). + +If you approach your interactions with these 5 tips in mind, I guarantee you are positioned to have a much more positive experience when you call a fund manager to get more information about products. + +I hope this has been helpful. +Companies offer fewer auto loans, mortgages and buy-now-pay-later programs + +https://www.wsj.com/articles/fed-rate-increases-are-squeezing-consumer-finance-companies-11670712247?mod=hp_lead_pos3 + +Consumer spending in the U.S. is going strong. Consumer lending, not so much. + +The financial squeeze that started about six months ago for companies that lend to ordinary Americans is getting worse, contrasting sharply with recent rallies in stocks and corporate bonds. The main reason: ***These finance companies have lost access to easy money.*** + +Widespread economic uncertainty has made debt investors less willing to buy the bonds these nontraditional lenders issue. Higher interest rates, courtesy of the Federal Reserve, have given investors other attractive options. + +Now, ***these finance companies are paying as much as four times what they paid in January to borrow in bond markets the cash they lend to customers.*** Plenty of them are struggling to make that math work. Once-highflying consumer-finance companies such as Pagaya Technologies have flipped from profit to loss. Some smaller outfits are shutting down altogether. + +***Many of the nontraditional lenders launched within the past decade, which means they have never weathered a sustained period of high interest rates.*** + +***ā€œAll of these fintech firms talk about their data science and machine learning capabilities, but the truth is, their models have not been battle tested through a recession yet,ā€*** said Reggie Smith, JPMorgan Chase & Co.ā€™s lead fintech stock analyst. + +Pagaya and other startups such as Affirm Holdings Inc. and Carvana Co. arenā€™t banks, which means they canā€™t take deposits for funding. For borrowers with imperfect credit, these alternative lenders are sometimes the only way to get an auto loan, mortgage or buy-now-pay-later offer. + +The companies are now lending less or charging more for loans they do make, adding to concerns already swirling about the health of the economy. + +Athas Capital Group, an alternative mortgage lender in Calabasas Hills, Calif., announced its closure in November, citing the poor outlook for selling its loans to Wall Street firms. + +ā€œDo I set a bunch of cash on fire to stick around or do I close shop?ā€ asked Brian Oā€™Shaughnessy, co-chief executive officer. ā€œWe chose, right or wrong, to close up shop.ā€ + +He is now trying to help his roughly 265 employees find jobs at competing firms. + +The average price of bonds backed by private-label mortgages recently fell to about 82 cents on the dollar, their lowest level since at least 2011, according to a Wall Street Journal analysis of data from the Financial Industry Regulatory Authority. Bond prices typically fall when interest rates rise and investors demand higher yields to lend money. + +Sales of the bonds made from private-label mortgages, which donā€™t benefit from federal guarantees, boomed last year when Treasury bonds were paying peanuts. + +Normally, loans from alternative lenders are bundled into securities that Wall Street firms sell to pension funds, insurers and other investors. These bonds are known as asset-backed securities, or ABS, and they are typically sold to investors in multiple slices that have different yields based on their risk. + +The securitization process is integral to keeping many consumer-finance companies in business, but it can amplify market gyrations in unexpected ways. Prices of collateralized loan obligations, or CLOsā€”a type of ABSā€”gapped below fair value in October when U.K. insurers and pensions responded to rising interest rates by dumping CLO bonds. + +Some investors have stopped buying ABS, which they still associate with the 2008 financial crisis, to reduce risk. Others are selling out of fear that the loans backing the bonds might go bad. Home prices are already falling in many U.S. cities, and delinquencies are creeping up on auto and other consumer loans. + +The biggest change, though, is that insurance companies and pension funds have scaled back their interest in ABS, said Rich Barnett, a partner at investing firm Castlelake LP. Rising interest rates have lifted the yields on corporate bonds and Treasury bonds, making them attractive for the first time in years. + +Prudential Financial Inc. has slowed once-brisk purchases of ABS and CLOs in its approximately $400 billion insurance account. Instead, it is snapping up high-rated corporate bonds because their yields have risen, socking them away in preparation for when the Fed starts cutting rates again, chief investment officer Timothy Schmidt said. + +Investment-grade corporate bond yields doubled this year to a 13-year high of about 5%, which is close to the roughly 7% return many pensions and insurers shoot for. Another benefit: Corporate bonds have longer terms than most ABS, making them better matches to offset the payout schedules of insurance and pension liabilities. + +ā€œWe will look back at the assets weā€™re buying now as pretty attractive,ā€ Mr. Schmidt said. ā€œI donā€™t think anyone expected rates to move this far this quickly.ā€ + +Investors still willing to buy the bonds are making borrowers pay up. Affirm, a buy-now-pay-later company, abandoned plans to issue a $350 million bond in November when investors demanded higher yields than it was willing to pay, people familiar with the matter said. The company also finances loans through bank credit lines and direct sales to investors such as the Canada Pension Plan Investment Board. + +***Pagaya, a technology-driven consumer finance company, went ahead with a $543 million bond last month but had to pay investors an 8.1% interest rate on its best-quality bonds to get the deal done, according to data from Finsight. That marks a steep increase from the 6.1% rate it got on comparable bonds sold in August and 2% on a deal in January.*** + +Issuance of consumer-loan ABS declined slightly this year, but Pagaya has nearly doubled bond sales to about $3 billion, according to Finsight. Fees from bond sales account for much of the companyā€™s revenue, according to its financial filings. + +At the same time, delinquencies have risen on loans bundled into ABS that Pagaya sold. A bond the company issued in January at 100 cents on the dollar traded in mid-November at around 88 cents, according to data from Empirasign. + +Pagaya has been buying loans with tighter underwriting standards this year, and its November bond issuance shows that bond investors trust the companyā€™s artificial-intelligence methodology, its 34-year-old co-founder Gal Krubiner said. The U.S. and Israeli firm uses AI to identify attractive loans that other lenders would turn down, Mr. Krubiner said. + +ā€œWe saw the uncertainty and volatility coming,ā€ he added. + +Pagayaā€™s stock is trading below $1, down from about $10 three months ago. + +***Carvana, an online auto dealer, is facing a cash crunch. Its shares, which soared in the pandemic, have lost 98% of their value this year.*** The company recently hired restructuring advisers. + +Asset-backed bonds of companies that go bankrupt typically avoid default, but their prices can fluctuate wildly. A bond backed by auto loans that Carvana issued for 100 cents on the dollar in September 2021 traded around 75 this month, according to data from Empirasign. Part of that decline also reflects the rise in overall interest rates. + +For the shrinking pool of investors in the market, the yields have rarely been higher. + +Subprime auto lender Flagship Credit Acceptance LLC did a roughly $400 million bond deal in late October. The riskiest chunk of its bonds, which had a double-B rating from some agencies, had a spread of 9 percentage points over going rates. + +***No comparable subprime auto bond had ever priced with such a wide spread since at least the last financial crisis, according to John Kerschner, U.S. head of securitized products at Janus Henderson Investors. Investors who bought the debt received a yield of over 13%, according to Finsight.*** + +ā€œIt very much feels like youā€™re getting paid for the risk right nowā€”and then some, quite frankly,ā€ said Mr. Kerschner, who has been investing broadly in ABS. + +--- + +The tide is going out. IMHO likely rates are going back to normal and will stay that way. +Iā€™m 22 and recently moved out of my parents place. I make about 60k gross with bonuses but net around $3,300 a month. My rent is $1,100 and Iā€™ve always been a saver and Iā€™m on a budget so Iā€™m always in the green every month. The problem Iā€™m facing is that Iā€™m stressed that Iā€™m not saving enough, Iā€™ve been so used to being able to put every check towards saving by not having a rent payment. Iā€™ve saved about 18k to this point and donā€™t have debt but Iā€™m constantly stressed out that Iā€™m not making enough. Iā€™m in my first job out of college and everyone tells me Iā€™m making good money but Iā€™ve been looking at getting a job on the weekends just to have a bigger cushion. Is this normal stress that comes along with moving out? Also does it sounds like a second job would be a good move? Any thoughts are appreciated! +Hey all, I'm about to get my first job and I don't know where to start on my investment journey, I plan on having most of my earnings invested leaving a bit of it as cash, my family uses cibc and I do want to know if it makes a difference which bank i use and how i use it. How do I manage my investments? Should i just put all my money in s&p 500 + +&#x200B; + +&#x200B; + + thank you! +This morning CNBC ran article about how Barclays initiated coverage of NIO coverage with a PT of $34. Barclays even said NIO could take a sizable share of world market, or even a dominant share. + +* Xpeng: March 11 strike price $25 for $39 +* NIO: March 11 strike price $13 for $16 + +NIO is currently trading at $24, Xpeng at $36. So these puts represent huge drops in pricing. + +Has anyone been wheeling these companies? I know Chinese EV is super volatile but can really NIO drop by 50% in 30-45 days? +For those that are unaware, there is a Market strategy called "Buy at the close, sell at the open". Effectively what it says is that if you are day-trading, you should have all your assets allocated to long positions at or close to market close, and then liquidate those assets at or close to market open. + +https://finance.yahoo.com/news/buy-close-sell-open-114705554.html for some basic information on it. + +I'm wondering if anyone has run this in conjunction with running the wheel and if it has worked for them. + +For instance +* If you're in the CC position, you should open your short call at market open, and then buy back at market close. +* If you're in the CSP position, you should open your short put at market close, and then buy back at market open. + +If no one has done this before I might run it on paper trading, but before I do that I'm just wondering if anyone has tried this before. +Some of you probably have some rough trades that are looking pretty scary with a few days to go. If you donā€™t have an exit plan or are unsure of what to do, post your trade details below and letā€™s get you some help. + +Details that will help: Ticker, contract expiration, strike, premium received, original trade goal, cost basis for shares, your attitude towards the underlying, anything else you feel is relevant. +**EDITED TO ADD:** + +Thank you, everyone, for all your sound advice! After work today, I spent some time working on my budget and looking at what I could realistically save, and I think I can max out a 401K and Roth IRA. With the employer match, I should get pretty close to 30%. I'm still deciding on how best to tackle the federal student loans. The highest interest rate is 4.5%. + +**ORIGINAL POST:** + +For some context, I made some very poor financial choices from the get-go. I went out-of-state for college, borrowed a bunch of money in student loans (both federal and private), switched my major a couple times, and ended up in school for 8 years effectively. After school, I got a job relevant to my field and jumped around a few times to increase my income. + +However, with my increased income, I had immense lifestyle creep and ended up getting myself into some really bad credit card debt. I finally enrolled in a DMP (debt management program) 6 years ago to help me pay it off. I also managed to pay off my private student loans, but I still have about $100K in federal loans left. I just made my last DMP payment today, and I feel like I can finally breathe. + +I don't have a car payment (that was also being paid off the last 6 years), but I have a mortgage that's about $1300/month. I earn about $100K annually. I probably could earn more if I left my current company, but they have great benefits and offered me stability while I was paying off my debt. + +The only benefit I didn't take advantage of was the 401K employer match of 4%. I'm kicking myself right now because that could have been a hefty amount. I barely have any savings because I was so focused on paying off my student loans and debt. + +I've sat down to do a budget, but I'm not sure what my plan of attack is for saving for retirement. What do I do now? I feel so behind. +https://www.cnbc.com/2017/11/16/homeownership-doesnt-build-wealth-study-finds.html + +I don't find this controversial or surprising, but I figured I'd share it because this seems to come up for discussion quite often +First off, let me say that I am by no means gifted in my knowledge of investing. However, as a critical-thinker, I was immensely let-down by Benjamin Graham's famous book *The Intelligent Investor*. + +I recently listened to an abridged, audio-tape version of *The Intelligent Investor*. I came to two conclusions: (1) This really isn't the sort of book one should listen to on audio-tape, and (2) Why the hell is Warren Buffett recommending this book again? + +I ordered a paper, unabridged version of *The Intelligent Investor* so that I can take more time studying it in its entirety. However, I am quite confused as to the alleged utility of the book: half the book warns that no amount of skilled analysis can help the non-insider achieve better-than-average returns, yet the other half proclaims that non-insiders who take the book seriously *will* achieve better-than-average returns. + +I swear that for every instance Graham says "this strategy is reliable" there is a warning against relying on any sort of market strategy. For every *X works*, an *X doesn't work*. For every *Y*, a "don't" *Y*. Most amazingly, towards the end of the book, Graham ponders somewhat mockingly whether a successful investor is actually skilled or just very lucky. Notably, he doesn't seem to consider if said investor's success is due to being an insider. + +Am I off base here? + +Edit: This really blew up. Thanks for all the helpful comments! +I am confused as to why someone would use the discounted cash flow model to determine whether he should buy a stock form the market or not. Now, I understand that dcf gives you an estimated value of the total cash flows that will be produced by a bossiness for the rest of its life, discounted to its present value, but I don't see what this has to do with an investor or the stock's market price. For one, the investor never even receives these cash flows (or he receives a small portion from dividends), and even if he did, It is not like an investor will live long enough to even to receive all of the cash flows from this hypothetically eternal business. Also, what reasoning says that the market value will likely converge into this "intrinsic value." At the moment, the two values seem completely independent. + +&#x200B; + +To be honest with you guys, I have been trying to grasp this concept for some months and I haven't really reached a satisfying understanding. I'm really desperate for some insight, haha. I'm just trying to fully understand value investing in order to well fully trust an apply it's concepts. So if someone would like, I don't mind (infact I would love) having a phone call with anyone who has a strong understanding of how dcf relates to the market value of a stock and why a stock investor would care about dcf. + +&#x200B; + +Also, I would love and suggested resources to learn more about these ideas specifically and investing in general. Thanks for help a guy out. +Should I learn about value investing. Is it better to have a strong fundamental knowledge on both economics and corporate finance beforehand ? Or should I just jump straight into investing knowledge and get the hang of it through research and practice ? + +Question asked by a 19 yo with no knowledge and a desire to make long term gains amidst of the incoming recession +What kind of context should I keep in mind when comparing things to the S&P's P/E ratio (or CAPE ratio)? + +People make claims that the market is overvalued because the ratio isn't closer to 15, because that's roughly the long time historical average. + +Okay, but why should the long term historical average determine an actual bargin, isn't that comparison purely relative and kinda flawed? Wouldn't that be making the assumption that the historical average won't ever go lower than it is now, due to an extended period of a rough economy? + +Sure, you can say buying above that historical average is overpaying, but what is the strongest arguement to make to defend the average as a yard stick of fair valuation? + +What if it's been generally overvalued the whole time, and an era of an even lower persistant average is on its way? Should I think this is totally unrealistic due to GDP growth historically being growth, and not contraction? + +I don't know what I'm doing clearly, I could focus on DCF to make my decsions, but I want to be able to compare similar companies with confidence, and not rely of thinking of the historical market P/E as some kind of magic number. +Hello everyone, + +A company I am currently invested in has posted a big unusual expense for the last quarter which is the reason for their net income to be negative for the first time in a while. +I would like to see what the expense was, checked their quarterly presentation etc. couldn't find the info anywhere. +Anyone know where I might have more luck, possibly even sending e-mail to their investor relations? + +Thanks in advance. +Vitalik Buterin withdrew 30,000 ETH from his public wallet today, fueling investor skepticism. Proponents anticipate that the sale of 30,000 ETH by Buterin will have a negative impact on the Ether price. + +The co-founder of Ethereum has alarmed investors by transferring 30,000 ETH tokens from one of his multisig wallets. Buterin has previously used the destination wallet to make sales, gifts, and charitable donations. + +Buterin's multisig wallet "Vb 3" noted a 30,000 ETH transfer to an unidentified wallet. + +The public wallet address now holds 290,000 ETH, which is interpreted as a bearish move or as Vitalik Buterin cashing out his Ethereum. While simply transferring a cryptocurrency from one wallet to another is not considered an indicator, Buterin's transfer is out of his Ethereum holdings. + +Proponents believe he may wish to sell a portion of the 30,000 ETH. + +Ethereum is currently trading at around $2,086. At this rate, the transferred ETH is worth approximately $62.58 million. If these tokens are listed on an exchange, there may be a significant increase in selling pressure on the altcoin, causing prices to fall. + +Even though the token has retraced more than 50% of its all-time high, John Roque, an analyst at 22V Research, believes Ethereum remains bearish. According to Roque, + +The analyst believes Ethereum price could plummet another 80% from the current price levels and target $420. + +The truth is there is almost no crypto including those with large ecosystems like Solana which saw major rise in value in 2021 and Exeno whose ecosystem including access to NFTs and a staking platform; unaffected by the current bitcoin drop. Bitcoin has seen a major drop from 68,000 to 25,000 before it climbed back to 30,000. +So many arrogant fucks here love talking technical analysis when they can't even do basic fraction arithmetic much less understand Ito Calculus. Fucking clowns, all of them. + +Shut the fuck up and do your trades. If you really need a number you can't even derive to tell you whether you should buy a stock or not you deserve losing all and hanging yourself. + +Newsflash, the stock market never made sense nor will it. Best you can do is trade shit you know about and feel still hasn't been spotted by the bandwagon of smooth brains on subreddits like this one or r/stocks . Or alternatively manipulate the market like the rich investors you look up to do. Warren Buffet's dad was a politician, if you think that shit didn't help that fat fuck then not only are you retarded but also delusional. + +Now stfu about volatility and RSI. If you actually knew what the fuck was going to happen you'd be chilling in Hawaii with a fat titty chick not on Reddit posting "technical analysis". +is now a good time or me to go all in on sp500 and total us stocks on vanguard? + +i heard the fed will continue to increase the rates and that might further drop the market. + +i honestly dont know if now is the right time. I know time in the market beats timing but come on...i know i need to buy the dip. + +legit advices only, no trolls. +I'm 16 and got my $1000 saved. I first intended to save for dental braces, then I was thinking to experience with those $1000, by investing, since I'm young and nothing to lose. What should I do? + Hi, I was able to save enough money to pay off my current student loans in the amount of $95k. + +However, I see that some Democratic candidates have policies of loan forgiveness that would apply to my loans such as Bernie Sanders' plan. So, I'm wondering if I should wait till November, but then I'd continually pay interest or if I should just pay it all off now. Appreciate any thoughts. +I save heavily as I'm looking to buy a home. Outside of that I don't spend a lot that I don't need, however, I will happily buy expensive computer parts and gaming consoles. I've been lucky enough to get all 3 of the big platforms at RRP this time around and I've never done that before. + +On the surface, many here wouldn't recommend anything like that, but I love my tech. + +Where does your money go to bring you joy that most of this sub disagrees with? +I posted in this subreddit a few months ago. Since I'm positing on my iPhone it'll be hard for me to link to it at the moment of posting, so I'll try to link the thread at a later time. + +I recently graduated from a university with a degree in Public Administration and am currently working in a state legislature where I draft bills and conduct research. This work requires strong analytical skills. + +Since the beginning of my junior year of College I became increasingly interested in economics, because many of the books on politics that I read in my free time dealed heavily with political economy. Since then I have been reading a lot of economic literature. While still in college I wrote on economic topics within public administration, and at many times I quoted economists in my papers. + +I plan on going to a graduate school after working in the state legislature for 2 years, however unlike most people in the legislature who would rather go to law school, I'd like to go back for a post bachelorette degree in Econ although I have no formal schooling in the topic. + +I have two questions: + +1). Would it make sense for me to take community college Econ. Classes while in my 2 year hiatus from school to prep myself for graduate school? + +2). Is getting simply a masters in Econ be sufficient to work in the public sector, or would a Ph.D overall be a better investment. + +Given my government background I would ultimately want a career in public economics (Fed. Reserve, Congresional Budget Office, State & Federal Econ development & fiscal offices, non-profits, even world organizations such as IMF, World bank, U.N.) + +I should also mention that while working at the legislature I will definitely be working within the field of fiscal policy, so that may help as well. +Looking at a graph of labours share of income it seems to be declining especially since 2000. + +Why is this? +The two answers I can think of is that there has been more investment in capital or that the rate of return on investment has increased. + +Which one is it? Or is it both? Or is it something else? + +I couldn't find any good data here although to be fair I'm useless at finding data. +Would like to read a book discussing the history of economics that goes in depth on the origins and early practices of economic concepts, such as debt and interest. +Economics is right at the top of the news, and it's a subject where there is a huge knowledge deficit. And the posted questions are mostly excellent. Where is everyone? +I recently read ["The death of the internal combustion engine" from The Economist](https://www.economist.com/news/leaders/21726071-it-had-good-run-end-sight-machine-changed-world-death) and was taken aback regarding the innocent remark about Chile. I found myself realizing I know next to nothing about the country apart it being a great place to put telescopes. If the land is set on being pivotal in the future I would love to learn about it! + +The actual mention is +> Will all this make lithium-rich Chile the new Saudi Arabia?" + +(in full). I didn't know about Chile being rich in Lithium. What are we talking about here, is it just a potential significance or are they an established key player? + +The [wiki about Chilean economy](https://en.wikipedia.org/wiki/Economy_of_Chile) states Lithium as one of it's large industries, but hardly lists it in the exports. The entire page mentions it just twice, and according to it Lithium makes just 0.25% of all mining exports of Chille. + +Does that mean Lithium is a industry in it's infancy and the article author is just awaiting it exploding? Or does it mean that Chile is already a big player in the market, but is exporting completed products? +Hello! Iā€™m an undergrad student with deep interest but limited knowledge in economics. Currently Iā€™m reading Kindlebergerā€™s ā€Manias, Panics and Crashesā€ (7th edition) but unfortunately I had to start with the last, summarizing chapter as itā€™s course literature and Iā€™m time constrained. +He seems to be setting up a framework for the relationship between booms, expansion in the balance of payments and increase in the real exchange rate, but I canā€™t quite wrap my head around it. +My first thought was that the balancing balance of payments is an equilibrium situation that the market is constantly adjusting to, but google told me itā€™s a truism and I donā€™t get it. Say the US sends less value to China than China does to the US. Wonā€™t this be financed by US banks extending credit domestically, which is exchanged for Yuan, thus reducing the price of a Dollar relative to Yuan? And wonā€™t this mean that the capital account is unchanged, while this weaker dollar decreases the current account deficit? +If my reasoning is flawed Iā€™d be glad to hear it. +My second question is regarding the adjustment from ā€overshootingā€ currency values to ā€undershootingā€ currency values. He gives a good number of examples of how this could happen, but they are all quite different and all rely on investor psychology. If higher real exchange rates are associated with less inflation, what is the rational explanation (if there is one)? +Iā€™m probably misinterpreting the book or my logic is flawed, either way Iā€™m thankful for answers! +I have been doing research on previous financial crises, and according to my limited understanding, the 2008 crisis was dealt with in two major ways: + +1. Large banks and other "too big to fail" entities were bailed out. +2. The Fed adjusted interest rates, in the hopes that it would mitigate problems. + +In light of this, I often hear certain economists remark that - in the event of another economic downturn - the above methods will either by unavailable, or significantly less effective. Why is that? + +Also, feel free to correct me on any of my points. +Why is immigration often the proposed solution to an aging workforce? It seems like this is the case in many "1st-world" countries. Why is this the case rather than just encouraging the current population to have more children? + +What's the reason the current population of "1st-world" countries around the world stop having enough children anyways? + +Why is it necessary to have constant growth in an economy, what would happen if an economy was just allowed to decrease in scale or just stop growing? + +Why is it that economies need to be constantly growing anyways? How long is that sustainable for? What would an alternative look like anyways? + +I know immigration is a sensitive topic people get into heated arguments over a lot. I'm not trying to start an argument, I'm genuinely curious and don't know the answers to these questions. +Do most economists work for the government or in the private sector? If it's the government, do they work in federal, state, local? + +For clarity I mean actual economists. Those with Masters & phd's in economics? + +Thanks! + A common theme among people who lean left is that wage growth has not been keeping pace with productivity growth, with wages being virtually stagnant since 1973. Additionally Iā€™ve seen that that share of income going to labor has been decreasing from a high of about 65% down to about 57% (I believe I read this at the Hamilton project, though Iā€™m not certain I can find it again. + + However, Iā€™ve recently saw that total compensation has been growing at a pace similar to productivity growth. + Does that explain the seeming lack of wage growth? Is is it because of a low minimum wage and the decrease in collective bargaining or other factors that may have put downward pressure on wages? + +After viewing a few GDP per capita charts on Google I have noticed the GDP per capita for the US increases monotonically (the only exception being during the financial crisis in 2008), whereas for the large majority of other industrialised countries (e.g. Germany or UK) there have always been visible ups and downs. Is this attributable to the large size of the US economy, i.e. fluctuations are smoothed out, or are there other reasons? + +Thanks a lot for your answers! +All I know when it comes to healthcare is that I'm in favor of multi-tiered cost-sharing and that it seems price transparency tools aren't that effective. Everything else is a toss-up-- I know single-payer is good at redistributing risk and lowering overall costs, but might not be good for incentivizing efficiency gains and it's worse-off meeting diverse preferences. I just don't know how to weigh these trade-offs. +Has there been a time when youā€™ve made money on something that you werenā€™t expecting? Or made considerably more than you thought you would make? + +Interested to hear your stories. + + +[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!* +&#x200B; + +https://preview.redd.it/zyn40gq2gru61.png?width=751&format=png&auto=webp&s=6c94d2d154bae9f645ed29dcbc3a3c19d32c3f0b + +ONCE AGAIN, I ASKED THE SHILLS TO JUST RESPECT THE N.A.P. AND THEY HAVE FAILED TO ADHERE TO THIS BASIC TENANT. THEY THINK THEY CAN BAN ME ON HERE FOR NO REASON, THEY THINK THEY CAN REMOVE PEOPLE FROM THE LIGHT TO MORE EASILY BURY THE TRUTH IN DARKNESS. +I REFUSE, I REFUSE THIS HORRIBLE ABUSE OF MY FREEDOMS. +DID YOU THINK I WOULD NOT MAKE ANOTHER ACCOUNT? DID YOU THINK I WOULD NOT INFORM THE MASSES IF YOU TRIED TO SILENCE ME? +WHERE DO YOU THINK WE ARE? STALIN ERA COMMUNIST RUSSIA? DO YOU THINK YOU CAN JUST BLACKBAG ALL OF YOUR OPPONENTS AND THEY WILL JUST CEASE TO EXIST? + + +[Look upon the chaos being wrought in https:\/\/boards.4channel.org\/biz\/thread\/33683874#p33684594 and the threads before and after, and ask yourself. \\"What are these people doing wrong to be targeted?](https://preview.redd.it/x8tfmz2zgru61.png?width=1214&format=png&auto=webp&s=5d364cb882f4e47db03a333841cc37b0aaf2c2df) + +# This is getting WAY too out of hand. They think they can just police our feelings and mental acuity because they have the money, and as an age old adage has proven, "Power Corrupts, and absolute power corrupts absolutely". These SAVAGES are in desperate need of a reminder of what happens when you try to keep the masses separated and afraid. They need to know the list of dues and the people who are being affected the heaviest by this. So i bring to you, people of SUPERSTONKS. THE LIST. + +&#x200B; + +[This is 4chan's daily updated list of the players currently getting the thick end of business. Feel free to update it, and let's make sure this list is super comprehensive. Don't worry about the morbid parts, we just like our dark humor over on 4chan.](https://preview.redd.it/s5gl6xhnhru61.png?width=958&format=png&auto=webp&s=fd684647e2da5e50d9f851cc14965d4192d35544) + +TO SUM THINGS UP APES, YOU ARE BEING MANIPULATED, LIED TO, AND CORRALED LIKE COWS TO A SLAUGHTERHOUSE BECAUSE THEY THINK YOU DO NOT PAY ATTENTION, THEY THINK WE DON'T HAVE THE EYES IN OUR SKULLS TO SEE THE MANIPULATION IN FRONT OF US. +**DON'T YOU THINK IT'S WEIRD HOW BOTH SITES HAVE AN OVERARCHING NARRATIVE OF "YOU ARE CULTISTS"** WHEN SHILLS REAR THEIR UGLY HEAD? +IF IT WERE HONEST 4CHAN TROLLS, THEY WOULD BE TRYING TO DIG SO MUCH DEEPER, STAB SO MUCH MORE THAN A CATCH-22 BULLSHIT INSULT THAT ENABLES THEM TO TRY AND WIN SOME SORT OF FUCKED UP MORAL HIGHGROUND. +HERE, THEY WANT YOU TO SELL. ON 4CHAN THEY WANT US TO NOT EXIST, THEY TRY TO DELETE OUR VERY EXISTANCE BECAUSE THEY KNOW THEY CANNOT LEVERAGE US SEPERATELY. +THIS IS THE ENEMY, THIS IS WHAT THEY DO TO YOUR MARKET. + + +[HOW IS THIS NATURAL!?!?!?!!?!?!?](https://preview.redd.it/komavobuiru61.png?width=749&format=png&auto=webp&s=1d63d3c093703e312f486c32cee6f934711b1913) + +AND IF YOU THINK THE CULTIST SHENANIGANS ARE NOT EMBEDDED IN BOTH SITES LEMME TELL YOU NOW. + + +[THIS WAS ALL WITHIN \/SECONDS\/ OF ONE ANOTHER, AFTER NEARLY ALL DAY WITHOUT PEOPLE LIKE THIS IN OUR THREAD, THEY ARE TIMING DELETIONS WITH SHILL RUSHES TO GIVE THE ILLUSION SENTIMENT IS AGAINST GME ON 4CHAN. LOOK AT THIS BLATANT MANIPULATION OF THE PEOPLE. OF YOU. OF ME.](https://preview.redd.it/34khzgofjru61.png?width=678&format=png&auto=webp&s=2e7cce6f9725046c2d94e4b945bd257e171a5c92) + +THANK YOU FOR YOUR TIME GIBBONS, I WON'T BE STOPPED BY SHILLS AND I WON'T BE STOPPED BY THE RICH ELITE WHO FEAR ME, AND FEAR THE MESSAGES IN MY HEART. + + +# ABSOLUTELY NEVER SELLING UNLESS YOU GIVE ME A DIAMOND COATED KEN LIKE HAN SOLO TRAPPED IN CARBONITE TO MOUNT ON MY BEDROOM WALL AND PAINT ON SO HE LOOKS LIKE A GNOME OUT IN MY FRONT LAWN. YOU COULD HAVE AVOIDED THIS FUTURE, BUT YOU MADE THE WRONG GIBBON ANGRY, AND HE IS GOING TO LEAVE WITH A PARTING MESSAGE FROM THE GIBBONS AT 4CHAN, TO THE APES OF SUPERSTONK AND BEYOND. + +# *TINKTINKTINKTINKTINKTINKTINKTINK* AHEM AHEM, ATTENTION GENTLEMEN, TO ALL OF THOSE WHO TELL US TO SELL, TO IGNORE THE DD, AND TO DOUBT OUR ALLIES AND FRIENDS, I ONLY HAVE ONE THING TO SAY + +https://preview.redd.it/56lt4708kru61.jpg?width=800&format=pjpg&auto=webp&s=806e249f3e33f4a65f997078cbe015061f8b6f01 + +# AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA. OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO-OO! That is all, thank you for listening to my announcement. +**__$AMD - Stealing from Market Makers - AMD Swing Trade Thesis__** + +Hey everyone, Flux here! I initially wrote this thesis for WSB, but people from other subs seem to enjoy my posts, so I'm sprinkling it around! I want to apologize in advance for any the vulgar language and memes which slipped through the cracks. Most of it has been edited out, but if there's still some left, I apologize. + +--- + +#**Introduction** + +Whatā€™s poppinā€™ fellas? Ape gang professor Flux here with another heater post. You may know me from my AT&T DD post which taught you how to follow unusual options flow to make some coin, or from my Hut 8 DD post which taught you how to make money using financial arbitrage. + +&nbsp; + +Today, weā€™re going to be learning how to identify optimal entry and exit prices for our trades, by analyzing simple charts and spotting trends. This will be done using the chart for my favourite ticker, AMD. **To all you illiterate, paint-huffing apes who dropped outta highschool and donā€™t like learning, Iā€™ve attached a TLDR at the end of the post which tells you which contracts to buy to get some free money**. Letā€™s get to it! + +&nbsp; + +--- + +#**Building The Foundation** +To begin, letā€™s take a look at the [AMD one day chart](https://www.tradingview.com/x/X5hkIw6s/), and see if we notice anything odd, or unusual. + +Do you see anything in particular? Does anything jump out at you? No? [What about now?](https://www.tradingview.com/x/1DzmPafE/) + +Still nothing? If you still don't notice anything, thatā€™s fine, these patterns can be difficult to spot initially. [What about now?](https://www.tradingview.com/x/uHY32HCB/) + +As you can see from the final chart, for the past year, AMD has traded within very tight, specific ranges. I have highlighted these areas on the chart using the pink boxes. As we can tell; + +&nbsp; + +- **Box #1)** Starting from mid February to mid April, AMD traded within a 10$ range, between $39 and $49. It started at 49$, went down to 39$, back up to 49$, down to 40$, before once again going back up to 49$, where it then smashed through the top of our current trading range, creating a new range. +- **Box #2)** Now, starting from mid April, going all the way until earnings in August, AMD traded within a 10$ range **again**, between $49 and $59. This range was extremely tight and pronounced, bouncing from the bottom of the channel up to the top of the channel **seven** times throughout its lifetime, before smashing through the top of the channel again. +- **Box #3)** August through December. $74 to 87$ channel. This range was slightly messier, but still pronounced nonetheless. 6 clean bounces. Smash through the top into our new range. +- **Box #4)** This is where our most recent range lies, with an $85 bottom and a 95$ top. We havenā€™t surged out of this range in either direction, so it is safe to assume we are still trading within this range. **How can we use this information to our advantage?** + +&nbsp; + +--- + +#**Applying our Knowledge** + +To summarize our findings from above, for the past year, AMD has consistently traded within a predefined range before surging higher and entering a newer, higher range. These ranges have held and contained **27 different bounces without breaking**. Only one single trade has bounced lower than a given range, but it recovered within hours. **Twenty seven times, this thesis has held true, so why the fuck would it be different on the 28th**? + +&nbsp; + +At this point, I assume most of you glue sniffers know how we can use this information to our advantage. We know that AMD trades within a tight range. We know that we are currently within the $85-$95 range. We coincidentally also happen to be sitting right at 85$. As a result, we know that it is **extremely** likely that a bounce off of $85 is going to take place. + +&nbsp; + +Since we know that $85 is likely a bottom, and a bounce is likely going to take place, we can enter a monthly position here and make some awesome money. Personally, I picked up some 03/19 90Cs, as well as some 04/16 95Cs. And just like that, we managed to catch the literal bottom of a trade, and have the opportunity to make some free money. We can also use our findings to know when to exit our trade. + +&nbsp; + +--- + +#**Extending our Knowledge** + +Since we know we are trading in a channel, we also know roughly when we can expect to exit our trades! We know that the closer we get to $95, the more likely it is that we will bounce, so we can plan accordingly! Personally, with my 90C, I will look to set a stop loss when AMD is trading around 90$, and manually sell out of the position if AMD manages to break $92/$93. + +&nbsp; + +Even though Iā€™m a perma bull, I also trade the flipside of the channel as well. If I see AMD trading at $95+, Iā€™ll enter a short position and play the trade on the way down. In this case, I set my stops a little tighter, and keep a greater watch over the trade, since we all know that stocks always go up. Furthermore, since every single channel ended with a blow off top, I donā€™t want to get caught in a random blowout and have my options expire worthless. I would rather be conscientious beforehand, and manage my risks accordingly. + +&nbsp; + +--- + +#**Conclusion** + +As you can tell, we can learn a lot about the price movement of a stock by simply looking at its chart. Although the AMD example was painfully simple, itā€™s also painfully effective. The best part about all this is, that there are dozens of opportunities like this within the market, simply waiting to be discovered. I hope you all learned something new today, and had fun while doing so. If you guys want to check out my other DDs, or follow me on my socials, they can all be found on my profile (Discord saw this DD first!). I love you all, and wish lots tendies upon each and every one of you :) + +&nbsp; + +**TLDR** + +- Buy **$AMD 2021-03-19 C $90** and **$AMD 2021-04-16 C $95** + +--- + +&nbsp; + +**2/23 Update** - AMD held $84.50 on this brutal red day, and stayed within the channel (wow! shocker!). I am extremely confident this is the bottom. Feel free to scale your positions in and get some tendies! +I can't tell anyone, and yes this is not-humble-at-all-brag but I'm just ecstatic and can't stop smiling. + +Here's how: + +Started a software company at 17 (was in high school). First few years were good (100-250k pre-tax per year). Business really took off over the last 4 years. My last few years were all over $500k pre-tax. It's not all unicorns and roses. I'm the sole earner in the house right now. One of my parents has a disability and sibling too. Just managing all their medical needs takes up lots of time for my other parent (constant appointments, picking up prescriptions etc.). The household gets a net income of 120k per year and the rest stays in the corporation. Out of this 120k, half goes directly to paying off the mortgage, and our family lives off the other 60k (decently high COL area). + +The business is finally at a point where I can comfortably provide for my family and build up assets at the same time, and it's great. I still get worried every now and then because business income isn't fixed and can go up and down every month, but hitting this milestone gives me so much more peace of mind that it'll be alright. + +Here's the breakdown of money: + +* 720k in investments +* 80k emergency fund +* 46k in new car fund (I've always loved cars and would definitely consider myself an enthusiast) +* 154k in day to day expense accounts + +My goal for 2016 was to invest at least 300k, and so far I'm on track to actually reach 400k invested this year. + +I'm so happy I found this place. I've been lurking around for a couple years and it's really helped me nail down a proper plan going forward. This is my go to place when I have breakfast, and it's great :) Thanks for being an awesome community! + +EDIT: Thanks for the gold! I'll do my best to pay it forward :) +https://fred.stlouisfed.org/series/BOGZ1FL193020005Q + +https://fred.stlouisfed.org/release/tables?rid=52&eid=810420#snid=810426 + +I feel this data fights the narrative of "nobody can afford rent, $5/gallon gas is killing the consumer and bleeding into the cost of everything else they buy (food)" + +Which is it? Does the consumer have an all-time-high balance sheet and can weather a storm without issue because they are flush with cash on hand (handed out/saving during the pandemic) or is the lower half of America struggling, suffering, barely hanging on, about to get laid off while the country stagnates? +i am Mining with a 1070 for about 2 months now, it generated around 0.2 ETH in that Time. And i told myself if it went under 900$ i would buy a whole one. Now it didn't went to 900$ but i got it at 910$ just now, not a bad deal i believe. +Good Morning Apes! + +I expect a bit more upside action today as we enter day 2 of part 1 of the fails cycle. + +Here is my expected price action for today. The yellow represents possible price action on an unexpected breakout but is highly unlikely unless we get a shocking amount of volume. + +Some extra information on this futures cycle from yesterday's stream. + +[https://youtu.be/gaR4RAikO1s](https://youtu.be/gaR4RAikO1s) + +[https://youtu.be/SzpdQjW\_Erc](https://youtu.be/SzpdQjW_Erc) + +[High $223.24 \/ Low $185.42 \/ Support $176.69](https://preview.redd.it/jy6odv8dtet71.png?width=1830&format=png&auto=webp&s=23cd47690145e0aeaad8afd62763cebd6256a23d) + +I think the low blue trend is more likely but based on Monday's low volume price action the yellow represents what I think is possible. + +For more information on this theory please check out my weekly DD. + +Check out this weeks analysis here: [Weekly Analysis](https://www.reddit.com/r/Superstonk/comments/q5iqep/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) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 185, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +While we realized that high at 190.20, the remainder of the looked a lot like systematic shorting. Right at the peak about $1.1m in ITM 200 contracts were purchased and then subsequently ever break near the previous high was shorted. We got a taste of volume into close almost closing green on the day. I think this infers that their covering of FTDs from the 13th are complete and we will see or next bump in price action on the 21st (the next fail date) Thank you all and I'll see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/l95eklkv2ht71.png?width=765&format=png&auto=webp&s=ad4c3ec67b191f2320f22096cad35ee9e225f559 + +Edit 8 2:49 + +Declining price action looks like 190.20 was the peak for today big sell walls up and consistent shorting on low bid spread. + +https://preview.redd.it/ujqlmxzcpgt71.png?width=1558&format=png&auto=webp&s=c8f705bdce0c5ec7633bfb58f00cc1c2c5a4771a + +Edit 6 12:41 + +nice bullish reversal going into 12:69 as we found our floor after that period of options exiting and shorting + +https://preview.redd.it/bz6hw20h2gt71.png?width=1562&format=png&auto=webp&s=593fb6d27f33eefa4a3a5716a7249f6075b36de6 + +Edit 5 11:02 + +double bottom on the EMA 60 + +https://preview.redd.it/qzs3a9yukft71.png?width=1555&format=png&auto=webp&s=3c90ea626cde42336de272b00adc831ca1bac6ff + +Edit 4 10:22 + +Inverse H&S pointing to some upside momentum + +https://preview.redd.it/1yo5xapodft71.png?width=1558&format=png&auto=webp&s=4abc53547e4597adabd30e49957fafa26ff4dca4 + +Edit 3 9:58 + +Morning short into failed test at 187 consolidating at that 182.50 support. + +https://preview.redd.it/ktlxyivf9ft71.png?width=1548&format=png&auto=webp&s=e1ad5981da2eaff248df78f1d6cab786e2444c1c + +Edit 2 9:17 + +80k shares borrowed from Fidelity + +Edit 1 9:10 + +Starting the day off right with a nice push right through 185 + +https://preview.redd.it/z94kugiu0ft71.png?width=1558&format=png&auto=webp&s=ea819b5e6896066debab65025de392018ad320ee + +# Pre-Market Analysis + +Volume is low as usual currently 8.28k traded. Fidelity with 579,456 and IBKR with 8k shares to borrow. + +We are looking at another nice uptrend into open with some room to move up and test 190 again but based on options OI I think it will take a bit of volume to push through towards the much larger options positions at 200. This day in the cycle last October we went up 6.57%. + +[GME pre-market on the 1m](https://preview.redd.it/uwum6iaavet71.png?width=1561&format=png&auto=webp&s=0946ae65d755aa3f8288d26612a9e41e4caefdac) + +Looks like we are headed for a strong bullish crossover on the MACD and may be looking at a surge in volume and volatility. + +[MACD on the 1D ](https://preview.redd.it/o2ayhogjvet71.png?width=1555&format=png&auto=webp&s=d1267705c0491f51690f972ef70fb1deeff470b8) + +CV\_VWAP + +Not enough volume in the pre-markets right now to see any significant arbitrage but the volatility is picking up + +https://preview.redd.it/xhsqfu9zvet71.png?width=2453&format=png&auto=webp&s=b5ba91d192a40116313feb1493da97133b8ec185 + +**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/) +New strikes were just added to AMC. 75 -120. You may not see/be able to trade these depending on your broker, although everyone should see them tomorrow. +One question that is frequently asked in this subreddit is, "Should I pay off my mortgage or invest the money?" Every time it's posted, we get the same arguments from both sides, and both sides have really good points. In general, not paying off your mortgage is the better long-term financial decision, but paying off your mortgage gives you a sense of freedom and stability that can't be beat. + +One financial argument for paying off your mortgage that I've seen discussed recently is that by paying off your house, it's easier to lower your yearly income enough to qualify for ACA subsidies, which can save thousands of dollars every year. And if that's your goal, or if you just want to strike a middle ground between the two sides, consider paying off *some* of your principal, and recasting your mortgage instead. + +I haven't seen recasting discussed much here (a search for the term "recast" revealed no posts from the last year), so here are two good articles on recasting: + +https://www.rocketmortgage.com/learn/recast-mortgage + +https://www.forbes.com/advisor/mortgages/mortgage-recasting/ + +Basically, you pay off a good chunk of your principal, then ask the bank to recalculate your monthly payments, with the same interest rate and final payment date that you currently have. Unlike a refinance, nothing about the mortgage changes, except for the size of the monthly payment. And also unlike a refinance, it doesn't come along with hefty fees, a credit check, or tons of paperwork. For example, with Rocket Mortgage, it's a simple $250 fee to recast your mortgage. + +As I approach FIRE in a few years, I'm going to look at the ACA subsidies at that time, and determine my best way to stay under the caps. I might pay a good chunk towards my principal at that time, and lower my monthly payment enough to stay at the necessary annual income to qualify. + +Hope this helps others in the community! +I was contracted by a company to create exclusive videos for them for two years. My contract ran up in early 2015 and haven't worked for them in around a year. During 2014, I was paid a total of $950. + +I received a letter from the IRS yesterday, a CP2000 notice, stating that the company reported that they paid me $95,000 in 2014 (obviously a decimal error). The IRS says that I owe them $28,000 before February or my assets get frozen. + +I have the 1099-MISC form the company sent me back in 2014, stating that my compensation was $950. + +No one, that I know of, still works at the company except for the CCO (they were bought in 2015 and became a subsidiary of a much larger company). I emailed the new GM who said forwarded my email to the new accountant and said he is working on tracking down the old accountant. + +What can I do? I'm supposed to move in a few months and can't afford to have any of assets frozen. I know that I must return the response form to the CP2000 saying that I don't agree with all the changes, but will I still have to pay before the deadline if things don't get sorted out by the company soon? + +I feel helpless in this situation. What can I do besides wait for the company accountant to send a correction form? And if they just don't do it in time, am I screwed? +I am a pilot with a new job that has an unusual schedule- I get up at 4 in the morning, fly to a destination (usually there by 10:00 am) then hang out in a hotel room for 4-5 hours, then fly the same route back. This job is really more of a "stepping stone" job that will eventually help me to get a better one in the next 1.5 to 2 years. As such, it really doesn't pay a whole lot. Although the salary is survivable, and I have a budget worked out, it doesn't have much leeway in it. My question is this: if you had 4-5 hours of hanging out in a hotel room with nothing but a laptop, how would you earn extra money? + +Edit: The Mods locked the comments sections, due to lots of rule breaking. I have been getting lots of PMs and I will try to answer them all, but thank you for all of the great ideas! +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 **/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! + +My parents believe they are contributing to a 529 account for my two children, but a number of things seem... off... to me about the details they share. + +* They claim that they have a "joint" 529 for both of my kids, but as far as I know 529's can only have one beneficiary +* Mom sent a pdf letter from her financial advisor which claims to be a confirmation of a recent deposit from Bright Directions (529), but it looks shady as hell to me: + * The beneficiary shown listed is "Amaurer3210's Grandchildren" which is weird because a) I dont have grandchildren yet and b) surely you can't open a 529 with such nebulous beneficiaries?? + * "Union Sank & Trust" is misspelled + * It's signed merely by "John P" + * The footer looks like an idiot designed it + * Screenshot available here: https://imgur.com/a/4JqV9Fz +* I interrogated Mom about how she opened this 529 and, in short, she said she asked her financial advisor to do it for her. She said she gets "confirmations" like this from time to time from her advisor, but when she tried to go to BrightDirections website directly and view her account shes couldn't because of a "computer issue" (she did call Bright Horizons for help and she insists that *they* tried to scam her by asking her for personal information etc). + +So my concern is that her financial advisor, who controls ALL of her money and account, is scamming her across the board. But this 529 is really the only thing that seems fishy, and I will admit that I don't know anything about how advisor-managed 529's work. + +What say you? +What book do you recommend/give away the most and why? + +As an aspiring FatFI, mine would be The Slight Edge by Jeff Olsen. Hammers down the concept of compounding effects and ties it into the daily habits that determine much of our life. +Finance books often say that, ignoring tax, dividends are irrelevant to shares' value since the owner of the shares can sell some of them to make their own dividends, but is this *strictly* so? +Usually a lurker but I had a thought... + +Am I missing something or is inflation not a golden opportunity for Canada to tackle our housing dilemma? + +I know, I know, housing... popular topic around here. But hear me out. + +I know there are some ideas about how we can bring these housing prices back to earth (Rent control, increased capital gains on rentals, etc) but with politicians obviously these methods aren't popular. With residential housing representing ~10% of our GDP no politician would dare deflate this market. + +But now all the talk seems to be about inflation. As we all know Canada is an export nation relying heavily on commodities trade. With inflation coming our way over the next couple years these commodities are beginning to go up. As some of you may also know, this may not necessarily be a good thing either considering that with the rise in commodity prices comes a strengthening of CAD. We've seen this already as was posted yesterday, the Canadian government is issuing USD Gobal bonds, essentially betting on a strong CAD. With commodities and CAD rising, our trading partners may not see Canada as attractive as before due to our increasingly more expensive goods and seek alternative trade partners. + +Now for how this relates... + +Now would be the perfect time to start implementing policy to flatten housing. These policies would obviously hurt our GDP to some degree. Ideally we flatten housing prices as too not cause considerable losses in the short term to new home owners and in turn giving wages a chance to catch up in the mean time. With the rise in commodities we could offset those potential losses by leaning on commodities while we enjoy these increased prices. + +This works two fold because: +A) Housing would stabilize while wages increase as to not completely tank the entire sector and +B) with the commodities rising and housing stabilizing we could maintain a devalued currency in order to remain competitive in trade prices and retain and possibly grow our exports. + +I am by no means an expert and had this thought and wanted to open up the discussion here. +You guys want to fuck with the hedge funds and Market Makers? +Are you sick of these 'Dark Pools'? +Are you done with the bullshit fake shares? +Sick of [Fails-to-Deliver](https://www.sec.gov/data/foiadocsfailsdatahtm) on your GME and AMC shares? +Sick of Payment For Order Flow? +Are you tired of short ladder attacks, and naked shorts? +Do you own 'meme' stocks? + + +Ask yourself "Can \[you\] follow a 3 step plan to cause mass problems for anyone who does this type of illegal market manipulation that hurts retail investors?" + + +I mean, there are no guarantees + +https://i.redd.it/bl0p5v7k1pg81.gif + +# Step 1. + +Open up several new brokerage accounts on : Charles Schwab, Fidelity, IBKR, Etrade, TD Ameritrade + +# Step 2. + +Transfer all your shares to one of the other brokerages you have an account at. + +# Step 3. + +When the shares clear.. go to Step 2 and Do it again, faggot. + + +[wsb retard after step 3.. \\"What was step 2?\\"](https://i.redd.it/2naekfh83pg81.gif) + +&#x200B; + +# Now you ask "Why the fuck would I do this?" + + +This will force these brokerages to actually handle your shares and move them to other brokerages, if those shares don't actually exist, then they will have to buy them and move them... Keep doing this every few days/weeks, to keep the MM on their toes. They will have to document all the moves to the SEC. If enough people do this for the meme stocks, it could force margin calls on hedge funds that are over leveraged. Hard to manipulate when those shares keep getting named to a new brokerage/owner every few days. + + +&#x200B; + +&#x200B; + +^(Warning, this is not legitimate advice. This is the crazy rant of a madman. There are risks that your shares could end up in limbo for extended periods of time, and during that period you will not be able to buy or sell. I just like stocks.) + + +Can one of you wrinkle brains explain why this would not work? +I used Lightning Networkā€™s mainnet (via lnd) to purchase an AR300M VPN Router through TorGuard, [and itā€™s here!](https://imgur.com/a/2KEQ7) This may have been the first ever physical purchase on LN. + +Iā€™m just your average BTC enthuasiast, who had a bit of extra time last weekend. I saw TorGuardā€™s tweet, so I decided to contact them. I enquired as to purchasing more than just a monthly subscription, their staff gave me LN peering information, I opened a channel, received an invoice, and here we are! + +It was all quick, easy, painless, and most importantly: instantaneous and fee-free! +&nbsp; + +Proof: +https://www.smartbit.com.au/tx/faffc6bebff621f53d6c2d603e0d9c98a133597dff7bed06b2602242fae992d7 +^ the funding transaction for my channel (~$2.40 fee to open). + +2018-01-15 10:45:19.087 [DBG] PEER: Received UpdateFufillHTLC(chan_id=d792e9fa422260b206ed7bff7d5933a1989c0d3e602d6c3df521f6bfbec6fffb, id=1, pre_image=5610f4ca5a772b331bd8bfbad73ae3827f33f492fea9e1a6bb189feb88daf66d) from 165.227.171.75:9735 +^ the preimage (receipt) for my payment. +&nbsp; + +Bonus: due to TorGuard having channels open with vendors and users, I have been able to use this same channel to route payments to/from others ~8-10 times, and even to tip someone satoshi! It. Is. Awesome! +&nbsp; + +Disclaimers: +- I have a strong computer science and network engineering background. However, I did not have to code anything to accomplish this, and am confident someone with average technical skills couldā€™ve done the same. +- I had no prior relationship with TorGuard, and now have a VPN subscription with them and one of their products! +- Mainnet is still caveat emptor! I went down the rabbit hole fully willing to lose my BTC. I got lucky, others may not! +&nbsp; + +tl;dr lightning rocks, buy stuff with it (when mainnet goes live) + +Edit: I used lnd, but have heard of potential 'money losing' bugs with c-lightning (which torguard uses); please be careful out there folks! +Edit2: Holy smokes! I didn't anticipate so much attention. I think it's super cool that everyone is excited as I am though. I promise I'll get back to everyone who's commented and messaged me, just please be patient! +Edit3: I love all of you, but I'm going to bed! If I missed any of your questions please PM me and I'll respond in the AM. +My parents are nearing retirement age and can barely make a single dent in their debts and bills. My dad is exhausted everyday and I can just see the weight of the debt burden weighing him down. Unfortunately we donā€™t qualify for government help. + +As much Iā€™d like to move out, I live with my parents to cover a majority of their rent, but after paying for rent and several other bills, I donā€™t have much to provide for them without wiping out the small amount I have in my bank account. Iā€™m frustrated that I canā€™t help them out more. Iā€™m tired of seeing others flaunt their wealth and take frequent vacations while weā€™re scraping by. I want my parents to be able to retire and for them to have their own house without worrying about rent or paying off medical bills. + +Edit: Thanks for the words of encouragement. I canā€™t respond back to everyone because Iā€™m at work, but I appreciate yā€™all for taking the time to comment. +I get the reasons why itā€™s almost always better to invest rather than overpay a mortgage, but Iā€™m interested in situations where it does make sense. + +For instance, if ISAs and Pensions are maxed out, and bigger future home is being saved for - does it make sense? +Hi everyone! I've recently become extremely interested in the automated trading space, but my knowledge is basically zero. I've begun taking an intro to python course for data science. I've talked to a few reputable people and they said learn econometrics, python, R, machine learning, and take as many data science courses/certificates that you can. + +I'd like to ask from people who have successfully created their own automated algo trading bots. What sort of broadly specific skills were necessary, that I could write down and tack onto my list as things to learn? + +&#x200B; + +Thanks for anyone who replies! I'm very grateful! +Need your help gathering some info! Have any of you rented bare metal GPU machines such as an RTX-3090 or V100 to run any of your machine learning or ai models/programs? What did you rent and who did you go through? +I'm curious if anyone can point me in the right direction. Failed to do it manually from the start. But I'm wondering if anyone has any idea how to pull trades for gains-loss from robinhood, and record keeping. I know we get monthly's but not sure how to do that other then manually doing them in a spread sheet. Any help would be appreciated. I really dont want to pay 99-500$ for a site to do it for me. +Hi +So over the last two years me and my wife have been saving for a house deposit. We have roughly 28k saved up and now started to browse online to see what's available. + +This is our first home and we are not sure what the process is. Do we just carry on looking online then view them. We are ideally looking for something to move in anytime after november (not a problem if it goes to next year) because that's when our Lisa hits one year anniversary. + +When do we try and sort the mortgage out? What do we need to sort out? Are all these processes after we actually like a house or do we need sort stuff out before we give an offer. + +It would be great if people could share their experience on purchasing a house and the process involved + it's been a while since I provided an update here, but finally, there is something worth posting about going on. + +**This post does not only contain my own prediction but also the labeling/prediction of Jeffrey Kennedy**, the guy who runs the "Trader's Classroom" at "Elliott Wave International" and **has infinitely more experience with Elliott Wave Theory than I do**. *(Among other things he predicted the TSLA rally and that it's likely TSLA will reach $2,000 per share - which was followed by a stock split - months before we got there).* + +Because he has way more experience and I know most people won't read the entire post, let's start with his analysis that you can **watch at** [**https://www.elliottwave.com/trading/GameStop-GME-Could-it-rally-to-over-1000**](https://www.elliottwave.com/trading/GameStop-GME-Could-it-rally-to-over-1000) + +**Disclaimer:** *As mentioned in the following section, I'm by now an affiliate of Elliott Wave International, mostly thanks to all of you and the amount of traffic that* [*my first post*](https://www.reddit.com/r/GME/comments/m6cebh/why_10000_per_share_is_just_a_stop_along_the_way/) *brought them.* +*The reason, or at least one of the reasons, why Jeffrey Kennedy recorded this video is that I used my newly found connection to tell them about the marketing effect this could have on their business. Because obv. 162k people in this subreddit could potentially start to learn about Elliott Wave Theory if they believe what they see and some might even end up subscribing to the paid "Trader's Classroom".* +*Obviously, I wanted someone with way more experience than me to confirm my labeling or at least show me where I am wrong.* + +I understand why Jeff does NOT go into the potential target of wave number five, but even his focus on "are we going to see $1,000 per share and more" provides a lot of information and confirmation of the things I shared in my previous posts and during my live streams. + +The video also showed me a few mistakes I made in my previous labeling BUT none of that really has any huge impact on the overall prediction. + +# All the other disclaimers & other important information to make sure you don't get wrong expectations! + +**Let's start with some of the obvious things, that you should definitely read** so you don't get the wrong expectations based on the charts shared below. + +1. **Any dates shown/predicted in my graphs below are irrelevant.** While Elliott Wave Theory provides some methods to also roughly predict the when, I suck at doing so, so when it comes to my graphs **only the price is relevant.** +2. **This** entire post reflects my opinion and **is in no way financial advice.** +3. **I hold some GME shares**, therefore, any increase in price benefits me financially. +4. **I am, by now, an affiliate of Elliott Wave International** but this post does NOT include any affiliate links. +Any links to Elliott Wave International are NOT to promote them, but simply because IMHO the free only version of "Elliott Wave Principle" is the best resource I know for those that want to learn more about the Elliott Wave Theory. +Also, I'd like to mention that at the time I shared my first post ([Why $10,000 per share is just a stop along the way...](https://www.reddit.com/r/GME/comments/m6cebh/why_10000_per_share_is_just_a_stop_along_the_way/)) I was NOT affiliated with Elliott Wave International but decided to join their affiliate program after they reached out to me to use the affiliate links on my YouTube channel. +5. **I am NOT affiliated with WaveBasis, MotiveWave, or any other resource mentioned below**, and just like Elliott Wave International I mention them because I want to save others the time it took me to initially find those tools/services. +6. **My YouTube channel is monetized** since 04/06/2021 and I make a few dollars when people watch my live streams. However, as you can see in [https://prnt.sc/1184998](https://prnt.sc/1184998), the money I make from YouTube doesn't even cover the costs for the software I'm using to create my analysis. + +# What is the "Elliott Wave Principle"? + +**If you read any or all of my previous posts (linked below) then you likely already know at least the basics and can just skip ahead to the next headline.** + +1. [Why $10,000 per share is just a stop along the way...](https://www.reddit.com/r/GME/comments/m6cebh/why_10000_per_share_is_just_a_stop_along_the_way/) *(my initial post)* +2. [Elliott Waves & GME šŸš€ Part #2](https://www.reddit.com/r/GME/comments/md4emt/elliott_waves_gme_part_2/) *(follow-up on post #1 that IMHO didn't get enough attention)* +3. [If you want to know where GME is going, read this post!](https://www.reddit.com/r/GME/comments/mecpjv/if_you_want_to_know_where_gme_is_going_read_this/) *(post after market close on 03/26/21)* +4. [Elliott Waves in GME - Update for 03/30/21](https://www.reddit.com/r/GME/comments/mgfpzn/elliott_waves_in_gme_update_for_033021/) *(post before market open on 03/30/21)* +5. [Elliott Waves in GME - Update for 03/31/21](https://www.reddit.com/r/GME/comments/mh233t/elliott_waves_in_gme_update_for_033121/) *(post before market open on 03/31/21)* +6. [Recordings of my GameStop live charting streams](https://www.youtube.com/channel/UCsc1gAr0t2ME4nzu4PCAnow/videos?sub_confirmation=1) + +Ralph Nelson Elliott came up with a theory that allows the prediction of market movements. In simple terms, he detected ever repeating patterns, so-called waves, that are based on human psychology. According to Elliott Wave Theory looking at a chart, you can ALWAYS identify the market as currently being in any of the 5 waves that make up an impulse wave. + +*Such an impulse can be bullish or bearish in nature, so don't assume an impulse wave can only go up.* + +Each impulse wave - labeled as 1-2-3-4-5 - follows certain rules and is always followed by a corrective pattern - in most cases a ZigZag labeled A-B-C. Each wave within an impulse contains another wave of lower degree and once an impulse finishes wave #5 the entire 1-2-3-4-5 forms a wave of higher degree. In other words, wave-ception as shown in the image below. + +[Wave-ception - each wave is part of a wave of a higher degree and contains waves of lower degrees that follow specific rules.](https://preview.redd.it/0f293x8xj4s61.png?width=670&format=png&auto=webp&s=dbd5dae3394321e8b93519014f950f2b6df0763d) + +In short, we can label the biggest timeframes and work our way down from there to the lowest timeframes. There are rules to what waves of lower degree (subwaves) are allowed in each wave and being able to label those "subwaves" helps us to confirm that our labeling on higher degrees is correct. + +The image above is a screenshot of Figure 1-3 in the book Elliott Wave Theory that you can read for free at [https://www.elliottwave.com/Free-Reports/Elliott-Wave-Principle](https://www.elliottwave.com/Free-Reports/Elliott-Wave-Principle) or order as a physical copy for $29 at [https://www.elliottwave.com/Book/Elliott-Wave-Principle](https://www.elliottwave.com/Book/Elliott-Wave-Principle). + +**Disclaimer:** *Again, as explained above, I'm NOT including those links to promote but to save others the time of looking for free resources to dig deeper.* + +Besides the book, you can also download a handy 1-page cheat-sheet at [https://bit.ly/3d06uKW](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbWVqVkh1UlBuZkZZT0tfS0haN21aLVNXQTBzd3xBQ3Jtc0tsaVpObE1RNXk1LVhfc29kY3I4MkFYWUZwSXhNZ1YtbEl6cldpdGN6NTRQMGwtbTRwYi1VOEdRVGhzZmt6WGlNYllYMU9WRU5NeVpEVTdPd0VURTZ1WV9MTktVNk1FUjVHckp0UDViUEJxWm03WTJtdw&q=https%3A%2F%2Fbit.ly%2F3d06uKW) (it's a Google Drive link) that contains all the possible patterns and rules in one page. However, that cheat-sheet only makes sense if you understand at least the basics of Elliott Wave Theory, so I recommend everyone that just starts out to finish at least chapter #1 of the above-mentioned book. + +Last but not least, while you can use any charting software to label your Elliott Waves I'm personally using ~~WaveBasis~~ MotiveWave because they have a lot of features that make it much easier to do precisely that. + +For beginners, I believe WaveBasis is the better choice because their labeling also automatically plots the price targets on the chart. + +**Disclaimer:** *I am NOT affiliated in any way with WaveBasis or MotiveWave and the above-linked cheat-sheet is a document I discovered already a while back for free on the internet.* + +# F.A.Q. - Some more essential basics and commons questions! + +Let's start by answering some questions I've seen over and over in the comments of my other posts: + +* **Does Elliott Wave Theory apply in heavily shorted stocks, manipulated stocks, short squeezes?** + +To answer that I'm going to quote the "Elliott Wave Principle" book (chapter 1.9): + +>All rules and guidelines of the Wave Principle fundamentally apply to actual market mood, not its recording *per se* or lack thereof. Its clear manifestation requires free market pricing. When prices are fixed by government edict, such as those for gold and silver for half of the twentieth century, waves restricted by the edict are not allowed to register. When the available price record differs from what might have existed in a free market, rules and guidelines must be considered in that light. In the long run, of course, markets always win out over edicts, and edict enforcement is only possible if the mood of the market allows it. All rules and guidelines presented in this book presume that your price record is accurate. + +In short. Yes, Elliott Wave Theory should still apply. The only exception in GME would be during the buying restrictions some brokers imposed since that definitely doesn't equal a free market. As a result, rule violations during the drop that was caused by those restrictions have to be viewed in a different light and may be ok. + +* **How accurate are Elliott Waves in general?** + +While Elliott Wave Theory appears quite strict its rules actually allow for a lot of flexibility, so that at any time we are most likely able to apply more than one pattern/labeling without rule violations, which would provide us with our *preferred* labeling and one or more *alternate* labelings. +Those may sometimes be complete opposites so that our preferred labeling would indicate an increase in price, while our alternate labeling might indicate a drop. +We do NOT willy nilly pick which one is our preferred and which one is our alternate labeling but arrange them based on how many of the guidelines (not rules) they also honor. +You'll see below that in GME the preferable and the two most likely alternate labelings align quite well and only differ in a few IMHO minor aspects. + +Besides that, I'd like to point you to the ***"***How accurate are Elliott Waves?" section in [https://www.reddit.com/r/GME/comments/mecpjv/if\_you\_want\_to\_know\_where\_gme\_is\_going\_read\_this/](https://www.reddit.com/r/GME/comments/mecpjv/if_you_want_to_know_where_gme_is_going_read_this/) where I provide a few examples of Elliott Wave predictions that hit the nail on the spot in GME. +There are plenty more for other stocks, but if you need more proof you'll have to use Google yourself. + +I also would ask you to briefly take a look at the "Important Aspects To Understand The Rest Of This Post" in [https://www.reddit.com/r/GME/comments/mhr81w/elliott\_waves\_in\_gme\_update\_for\_033221/](https://www.reddit.com/r/GME/comments/mhr81w/elliott_waves_in_gme_update_for_033221/) that illustrates that the price areas of Elliott Wave patterns labeled on historical charts in WaveBasis are not "labeling the past" but still plot the target price areas based on the labeling of previous wave elements. In other words, while it's easier to label the waves in historical data, any price area highlighted like in... + +[Predicting the price target of Wave #5 based on the position of the previous 4 waves.](https://preview.redd.it/ak99q97om4s61.png?width=513&format=png&auto=webp&s=1980eced159e8535e813ff6b731fde8c7141c53d) + +...doesn't show up there because there are candles but shows up there because once we label point (4) the predicted area for wave (5) is in that area. + +# Where do we stand in GME according to Elliott Wave Theory? + +[Labeling & Prediction made roughly 3 weeks ago.](https://preview.redd.it/h7941h86n4s61.png?width=1833&format=png&auto=webp&s=3788c0d4eae17c6ead0b2432ee7160edf1096b60) + +The above picture is part of my first post at [https://www.reddit.com/r/GME/comments/m6cebh/why\_10000\_per\_share\_is\_just\_a\_stop\_along\_the\_way/](https://www.reddit.com/r/GME/comments/m6cebh/why_10000_per_share_is_just_a_stop_along_the_way/) and a few things changed, especially after watching the prediction/labeling by Jeffrey Kennedy at [https://www.elliottwave.com/trading/GameStop-GME-Could-it-rally-to-over-1000](https://www.elliottwave.com/trading/GameStop-GME-Could-it-rally-to-over-1000) + +[Latest Daily Chart in MotiveWave](https://preview.redd.it/ryno0zhhp4s61.png?width=1396&format=png&auto=webp&s=52493af0fe5416f1588e73c0b1f8be549654874a) + +Unfortunately, MotiveWave doesn't show predicted price areas by default, but basically, the one important thing that changed is the price target area that used to be around $1,938 to $2,238 (two pictures up) because the low after the earnings call went a bit below the predicted area of $130.88 to $160.81 and that moves the target for the next wave in the $1,300 to $1,500 area, which almost exactly aligns with [**Jeffrey Kennedy's labeling**](https://www.elliottwave.com/trading/GameStop-GME-Could-it-rally-to-over-1000) **that would indicate $1,269.31 per share.** + +**This would NOT be the end of the squeeze/journey, but simply the end of wave (3)** followed by a correction that we can't fully predict by now, followed by wave (5) that should go beyond wave (3) and take us to the end of the rainbow. + +And since even the two most likely alternate labelings point toward that area and just expect a new low before we go there, I'm now even more confident than before that we'll go beyond $1,000 in wave #3 and far beyond in wave #5. + +[GME hourly](https://preview.redd.it/rbupn6j4r4s61.png?width=1396&format=png&auto=webp&s=4f220ed8d9eeace7cc1348bf234c8a0065156027) + +Those of you that watched my streams noticed that I got a few things wrong on the 5-min timeframe during the last week, mostly because I didn't consider that we might see such a long corrective pattern (sideways movement). By now, however, I've accepted the idea that this is likely one of the rare cases where wave (ii) *blue* contains a triangle (hence the yellow exclamation mark, containing a warning that this is not very common). +And based on that triangle I actually think that Jeffrey Kennedy's primary labeling is the most likely scenario. + +# TL;DR Available Options According to Elliott Wave Theory + +1. The triangle pattern in the last screenshot is correct (we'll know likely by the end of the day) we might see another day or two of sideways movement but would actually expect a breakout to the top soon. +2. The price drops below $116.90 and my labeling and the preferred labeling of Jeffrey Kennedy become invalid. In this case, we'd expect to drop down to around $96 by May before we go up above $1,000. +3. 1. and 2. get invalidated, then we may see $60 again around June and from there go up above $1,000. + +**And don't forget to watch the labeling/prediction of Jeffrey Kennedy at** [**https://www.elliottwave.com/trading/GameStop-GME-Could-it-rally-to-over-1000**](https://www.elliottwave.com/trading/GameStop-GME-Could-it-rally-to-over-1000) + +p.s. I'll do my best to answer comments but I'm only checking them once per day because I spend hours streaming and have a ton of other things to do as well. + +I apologize in advance if this is against the rules of our new home r/SuperStonk but I would like to mention that you can also just join me live today 30 minutes before the market opens at [https://www.youtube.com/watch?v=-G0add6Vv3Y](https://www.youtube.com/watch?v=-G0add6Vv3Y) to get answers. Personally, I believe that answering questions is definitely easier in the stream than in the comments, but obv. as mentioned in my disclaimers, I have a small financial benefit if people join the stream. +Itā€™s been a year and a half since I started educating myself about the market. Anyone else out there feels like even after learning TA, charts, price action, indicators the worse they do? I feel like now that I know how to read candles and read TA, Iā€™m being extra careful which cost me not to take much risks and that result in me missing a lot of potentials profits. I know itā€™s the whole psychological thing but I canā€™t help it. And the more I look at charts everyday the more Iā€™m not sure what Iā€™m looking at or trying to find. Maybe Iā€™m just being overwhelmed by information everywhere. +I'm in a temp to perm role, not able to save anything and I only have one month's work of rent & bills in my account. + +I'm panicking. I fully intend to turn permanent but I need to make more money as a matter of urgency. I've started matched betting. +Here's the short version, basically. + +Old job, was making about ~$38k/year. + +New Job, am now making $90k/year + $5k in bonuses each year. + +Currently have $15k in savings. + +No idea what the hell to do with myself. Here's my breakdown. + +Paychecks - Bi-weekly - After taxes Take home is $2,287 per check + +Rent - $750/mo + +Car insurance - $90/mo + +Cell phone - $100/mo + +Student loan - $270/mo + +Household bills - $40/mo (gas/cable/etc) + +All said and done, this leaves me with just over $3,300 each month. + +I'm used to having about 0 at the end of each month, so I really have no clue where to go from here. Can you kind folks help me out? Thank you! + +I would like to learn how to do a DCF analysis, but I'm not an economist, and I can't get my head around what the process is actually doing. + +What am I estimating when I choose a discount rate when running a DCF? +A good form of money doesnā€™t need corporate branding. It doesnā€™t need a social contract of what it should be used for baked in. Itā€™s just good money. + +Iā€™m happy theyā€™ll begin accepting Bitcoin soon, but the last thing we should be celebrating is Bezos trying to create his own monetary supply. Youā€™d just be swapping one corrupt master of money for another. + +Crypto is a tool to free the common human from the would-be-oppressor oligarchs. Donā€™t forget that please. +I have 45% in an international index fund (excludes US stocks), 30% in SP500, 15% in small/mid cap index. + +I would like to keep 10% in bonds or cash to take advantage of rebalancing. + +But I'm not sure how I feel about bonds right now. If you are buying bonds now, isn't that kind of like betting interest rates will go negative? I know bonds tend to go down in value when interest rates go up. And it seems a common theme now is investors shorting bonds, which is a little scary to be honest. + +The Cash fund offered in my plan is " Invesco Stable Val Trust CF", which basically tracks the "[FTSE 3 Month US T-Bill Index Series"](https://www.ftserussell.com/products/indices/3m-us-tbill). It has a 0.35% expense ratio, which is kind of high for a cash fund imo. + +The Bond Index offered is State Steet US Bond Index NL, which basically tracks the "Bloomberg Barclays U.S. Aggregate Bond Index". It only has a 0.06% expense ratio. + +Thank you for your time +Some of you probably looked at that last section in Amendment to Increase Authorized Shares section in the proxy materials and got scared. + +But nayā€¦I say this is BULLISH AF! + +To be clear, hereā€™s the section Iā€™m talking about: + +&#x200B; + +https://preview.redd.it/jv8k7tf340t81.png?width=975&format=png&auto=webp&s=7724a2bf91d122c9634d0a6ed88f366fa9dba14e + + + +They reserve the right to not proceed with a stock split at all, even if the motion is approved and they increase the number of authorized shares. Despite the fact they state the split is the primary purpose for the increase: + +&#x200B; + +https://preview.redd.it/c1zmg8n440t81.png?width=975&format=png&auto=webp&s=c6342368a4544413b94a0064e83b8c89eb436aca + + + +They say they are doing it *specifically for this purpose*. + +So why the hell would they decide not to? Is this just CYA legal language? Maybe. I donā€™t think so though. + +I thinkā€¦ + +**They want to make sure theyā€™re ready.** + +While they may need shareholder input to increase the number of authorized shares, they *donā€™t* need it to undergo a stock split. They can do that whenever they want, and I think the moves are already planned out. + +# This Really Could be the NFT Divvy Weā€™ve Been Waiting For + +RC is getting really close to checkmate in his 69D game of chess, but there are a few more moves he needs to make. He doesnā€™t need this to be just any old stock split. People are buying, price be damned, and liquidity is not an issue. This stockā€™s float churns every week. Any allusion to price being an issue is a cover. + +**He needs this to be the end game. He needs this to be MOASS.** + +He needs this next stock dividend to come paired as a ā€œunitā€ with some brand spankin new shares in GameStopā€™s spinoff, GME Entertainment/Gmerica, in crypto format. + +To do so, he needs to make sure it is done right, and most importantly, he needs to come across as an absolute gentleman, one who *plays by the rules*. This means they would need to: + +1. **Launch GameStop Wallet** ā€“ they need this to control the distribution (canā€™t rely on people having or even knowing what a wallet is) +2. **Provide wallet setup instructions**ā€“ they will provide public instructions to set one up, acknowledging that theyā€™re working with brokers and providing them with templated communications to send to all GME holders +3. **Acknowledge purpose** ā€“ they will specifically state that this wallet is important because it will be used to facilitate the delivery of a crypto-based security, essential for their Web3 platform +4. **Provide advance notice** ā€“ they will do this well in advance, so it cannot be seen as a surprise, or a malicious move designed to hurt short sellers + +MOASS wonā€™t be a surprise. Weā€™ll see it coming from a fucking mile away. + +This is everything Patrick Byrne at Overstock didnā€™t get quite right. Ryan Cohen paid attention though and knows how to make this bulletproof, because heā€™s a fucking legend. + +**And oh yea, make sure to DRS so you are guaranteed to get those spinoff shares.** + +**TLDR:** GameStop said they may not issue undergo the stock split even if we vote YES on the authorized share increase. Whyā€™s that? I think because theyā€™re waiting to make sure they can do it via NFT. Hedgies r fuk. Buy. DRS. Hold. Vote. Hodl. +Edit 2: I was unaware that the SEC rolls FTDs forward in their reports. Consequently, my data may not be accurate because I aggregated FTDs rather than calculating how many appeared and/or disappeared. + +Nevertheless, if the FTDs were covered the next day and new FTDs were reported, my data would be correct. I don't know how many unique FTDs there were, and I doubt anyone does other than the MMs because the SEC does not report the FTD data in a cogent manner. + +To rectify this, I will be uploading average daily outstanding FTD data for each ticker I mentioned (except TME coz it isn't that interesting). The charts still look pretty much the same, just the numbers are smaller because there are many days where outstanding FTD data is 0. + +This is my first attempt at peer reviewed data analytics. Thank you for bearing with me! + +I'll leave the rest of the post as is. + +Edit 3: Updated charts with average daily values rather than aggregated values. + +http://imgur.com/a/SN5zdu3 + +Edit 4: My thesis remains the same. There is certainly anomalous activity on and around the time of the Archegos manipulation. I don't have the data analytics expertise to elaborate further. If anyone wants it, I'll send the data. + +------------Start of post------------- + +Weā€™ve been discussing and theorizing at length about how the elites consuming one another in their efforts to stave off unlimited losses. What I found, MAY be a smoking gun in one such circumstance. + +To set things up a little more, Iā€™m sure that weā€™re all intimately familiar with how FTDs can affect price. If shares donā€™t get delivered, the supply of shares gets diluted, and it becomes easier for short sellers to suppress price. + +Quick Backstory: This all started while I was working on FTD data for a thesis completely unrelated to both GME and the topic Iā€™m about to discuss. I was looking through March 2021 FTD data when I noticed VIAC had an absurd amount of FTDs in March. It peaked my interest, but I went about my business, not really stopping for thought. + +A few days later, while daydreaming about FTDs, it hit me. VIAC was one of the stocks that caused Bill Hwangā€™s family investment fund Archegos to be liquidated and it was one of his largest positions! My interest was now more than peaked. Could FTDs have caused this? + +I smell a mystery! + +To find the answer, I downloaded all the FTD data between December 2019 when Viacom merged with CBS until the most recent FTD release which is the end of June of this year. Between 3/22 and 3/29 VIAC, lost $57/share. In that same time period, there were 2,725,736 VIAC FTDs totalling $254,245,560.68. Very interesting! + +Now this could be something, or it could be nothing. In order to establish anomalous activity, I would need to show that the FTDs during that period were substantially higher than in periods past. I do believe I have uncovered some ā€œanomolus activityā€. + +https://i.imgur.com/w0FL9rV.png + +It gets better when you factor in total value of FTDs (# of FTDs x Settlement Price) + +https://i.imgur.com/iIe91bH.png + +The total value of FTDs on VIAC in March were just about $500 mill! That could certainly put a dent in stock momentum and facilitate a short attack. +ā€œOk Sheepleā€œ you may be thinking, "didnā€™t Hwangalang have other positions"? + +You bet your sweet ape ass he did! + +DISCA FTDs +https://i.imgur.com/1rWQltC.png + +Value of DISCA FTDs +**https://i.imgur.com/BcTeqX0.png** +Looks like Bear Week on Discovery heh heh heh + +He also had substantial holdings in BIDU and TME. Their FTD data doesnā€™t correlate too strongly, but there is still something there, so stand by. + +Bidu FTDs +https://i.imgur.com/qpmoi9S.png + +BIDU FTDs total value +https://i.imgur.com/SSwSPmG.png + +TME FTDs +https://i.imgur.com/GZxE4cY.png + +TME FTDs total value +https://imgur.com/5e0cyrw + +You may have noticed the bulk of the BIDU and TME FTDs donā€™t all occur in March. According to WSJ, + +>ā€œMr. Hwangā€™s strategy began backfiring in recent weeks, as the stock price of companies in which Archegos had significant exposure, including China internet-search giant Baidu and Farfetch, began to sell off. Baiduā€™s stock price rose sharply in February, but by mid-March its shares had dropped more than 20% from its highs.ā€ + +I do believe we have more than just a "sell-off" here. All those FTDs over the preceeding 5 months could have certainly compounded the effects of a sell-off / short attack. + +https://www.wsj.com/articles/what-is-archegos-and-how-did-it-rattle-the-stock-market-11617044982 + +What you may have also noticed is that the FTDs in VIAC and DISCA continue after the margin call was made before tapering off back to their normal levels. I believe this provides further evidence of skullduggery. + +It should be noted that this is not necessarily the work of our favorite punching bag Shitadel. Any market-manipulator responsible for delivering shares could have had something to do with this. + +--------Now onto price action.-------------- + +I know you have a short attention span, so Iā€™ll remind you that although BIDU and TME donā€™t have exceptionally anomalous FTD data, but thereā€™s something there. I also promised you some GME involvement and Iā€™m not gonna break that promise. + +The price action on Billyā€™s largest positions exhibit some eerie similarities. + +VIAC yearly chart +https://imgur.com/TO0aeg3 + +DISCA yearly chart +https://imgur.com/sFVzGxZ + +BIDU yearly chart +https://imgur.com/JHJz6SO + +TME yearly chart +https://imgur.com/BDet5Qw + +FTCH yearly chart +https://imgur.com/bi3F5rs + +Last but definitely not least! +https://imgur.com/RPWR96t + +Wat doing market manipulators? + +Clearly, March 24th was a big day. I donā€™t believe the correlations in Billyā€™s stock positions were the result of liquidation because, according to the major news outlets Hwang didnā€™t have his positions liquidated until the 26th. I could be wrong here, but this all seems like a coordinated attack to flush Billy out of his positions two days prior to the liquidation. + +I donā€™t have a clue why GME also went down on the 24th, maybe Billy was long??? If he was long GME, pushing him out of his positions would drive the price of GME down. It is sus that their charts are the same two days before the March 26th liquidation. After all, Hwang had 10's of billions of dollars at his disposal. At the time, it wouldn't have taken all that much money to drive GME up, or drop it down. + +Implications of all this: **THIS IS PURELY CONJECTURE** + +- Every article Iā€™ve read on the Archegos collapse claims that the banks leveraging Hwang did not know about how much leverage he was getting, or [how risky his positions were.](https://imgur.com/5SBvjkp) Assuming the anomalous activity was the result of market manipulation which I believe it is, someone had to know how leveraged Billy was in order to carry out the attack. + + +- FTDs significantly affect price action! It shouldnā€™t have to be said, but Iā€™ll say it anyway. If youā€™re a domestic or foreign investor with significant holdings, PAY ATTENTION TO FTD DATA!!! + + +- Somebody, or more likely, somebodies made a lot of money off of this. + + +- The rich are feeding on their own. + + +I could be 100% wrong and I look forward to what the apes with actual wrinkles have to say. + +Limitations of my work: + +1. I donā€™t have access to bloomberg terminal which would give me institutional short position reports in all the stocks I mentioned. + + +2. I don't have the ability to check every stock in the market to see if the anomoly could be considered market wide. I did check a few other tickers, and there price action did not mirror Hwang's positions and GME, but again, I can't check every stock. + + +3. The MSM articles Iā€™ve read donā€™t all report the events the same way + + +4. I am a retard and have invested my lifeā€™s savings into my favorite stock + + +TLDR: I believe that the Archegos collapse was orchestrated by one or more market makers utilizing FTDs to suppress upward trajectory in the underlying securities his positions were based on. If this is true, then someone knew full well how leveraged Hwang was despite what the media has said. + +Given how much some banks made off of Hwangā€™s positions, its possible if not probable that they were in on it too. GME moved right alongside the positions that Bill Hwang was in, so Billy Hwang may have been an ape. That might explain the actions taken against him by the market maker(s). I don't think it's an obsurd conjecture that DFV and RC were the only ones to notice Gamestop's potential. + +Wall Streetā€™s losses were estimated at $10 billion, so I do believe this warrants further investigation. + +Edit 1: Apparently I'm not allowed to aggregate the numbers because FTDs are rolled forward day to day. + +What I've posted is the maximum number of FTDs and associated cost that could exist. Later today I will go back and subtract the data points and fond the minimum number of FTDs and associated costs that could exist in the given data. +I honestly don't care about HODLING crypto (more power to all of you though). + +I was forced into it because I was losing so much money from traditional banking. + +Background: I get most of my income from marketing clients abroad (I manage digital ad campaigns). Paypal/Swift used be the default method to get paid because it was ubiquitous and honestly quite easy to use for clients. + +But Paypal charged me A LOT. + +* They take a cut from each payment I get from each client +* Then they take another cut to convert those funds (ie. USD, AUD) into my local currency +* Finally they charge me to transfer funds to my bank account +* There's no interest or staking on any funds I leave and don't transfer to a local account + +This happens to each client and for each payment. All these fees and extra charges each month easily add up to $150-$300. + +For context, this is how much $300 is worth in my country: + +* I can get **6 weeks' worth of groceries** for my 5-person household +* It's almost **50% higher** than our minimum wage +* It's equal to **more than half** what a young professional earns each month in their 1st job +* I can eat 98 Big Macs + +Now, I get paid in crypto (not all, but a big chunk). It's mostly XRP because it's easy to withdraw here and the fees are next to nothing. + +I basically get a bonus paycheck every month and I love it. + +I now have less stress because of strict budgets for groceries, can buy actual good quality stuff, and have a bit extra to get a few small gifts every now and then for the people I care about. + +But it also makes me sad because **there are literal millions of people like me** who rely on payments or remittances from abroad to survive. + +$300 might be small time for folks in the US, but it's life changing for us. +So Iā€™ve been stacking for a couple years now, pretty much only buying through Coinbase. With the recent attempts of regulation in both the US and Canada, I want my crypto to be truly anonymous. How should I go about moving my Bitcoin from my current wallet to a non-kyc exchange so that I can ā€œwashā€ it? Should I transfer to USDC first? I know if I cash it out and re-enter, that will probably trigger the IRS and thatā€™s the last thing I want. Any and all advice is welcome. +I frequently see questions on here about how to work finances for couples. I thought it may be helpful to lay out some of the different ways of doing things and their respective advantages and disadvantages. + +Note, fun money is leftover money every month that each partner has to spend on hobbies, personal holidays, or also savings if savings are kept separate. + +Edit. (thanks /u/Yennikcm) +>Whatever option you choose, it's important to talk openly and honestly about money with your partner. It's important to know and understand each other's financial mindset and long term goals (e.g. frugal vs. lavish, long term saving vs. investing etc.) + +Source. Been in various situations myself for many years, and discussed at length with close friends who have been in a lot of these situations too. Also somewhat of a compilation of various /r/ukpersonalfinance threads. + +# Method 1 + +Split all bills as a proportion of relative income. + +If one party earns 75% of joint income, they pay 75% of the bills. Here salaries are often paid into the individuals accounts, and then bill contributions paid into a joint account, or just directly paid to billing entity. All remaining money in individuals accounts is then fun money. Often in this situation savings are kept separate. Edit. Sometimes this is effectively done by splitting who pays for which bills. Lower earning partner may only pay for a few minor bills, higher earning partner takes the rest. + +Example calcs:Per month, party A earns Ā£3k, party B earns Ā£1.5k, post tax. Party A pays for 66.6% of bills, and party B, 33.3%. For a monthly bills/outgoings of Ā£1.8k, party A contributes Ā£1.2k (40% of income) and has remaining Ā£1.8k fun money. Party B contributes Ā£0.6k (40% of income) and has remaining Ā£0.9k fun money. + +**Advantages** + +* From an individuals perspective, it is a pretty fair way of splitting finances. It accounts for differences in income so one party never has to pay more than they can afford. + +**Disadvantages** + +* Itā€™s somewhat of a ā€˜regressive taxā€™ as both parties end up paying the same fraction of their income towards bills. If one party earns triple, they end up getting triple the fun money. +* In cases where there is an income disparity, this can lead to jealousy and or resentment. +* If you have children or a job loss forcing one partner to earn much less or nothing, it falls apart and a new system is needed. + +**Who is this appropriate for** + +* If you earn about the same and like to keep your finances somewhate separate. +* If youā€™re not married with no children, this can be a good option. +* If you see your earnings more as ā€˜yoursā€™, and not the ā€˜couplesā€™. + +# Method 2 + +Pay both salaries directly into a joint account, bills and any joint costs (and possibly joint savings) get paid directly out of this account. Leftover money is then split equally to each partners personal account as ā€˜fun moneyā€™. + +**Advantages.** + +* Both partners are guaranteed the exact same quality of life with the same ā€˜fun moneyā€™. +* Resilient to changing circumstances (children/job losses) as reduced fun money is still split the same. +* There is less cognitive load when making joint spending decisions as it affects both partners equally. + +**Disadvantages.** + +* You essentially lose control of your own finances. Everything is joint. +* If one party prior to starting the relationship had a much higher income, it can be difficult to accept the reduction in fun money. +* Sometimes partners just donā€™t have/want expensive habits and end up just sitting on piles of money with nothing to spend it on. This isnā€™t common though, most peoples personal spending adjusts to their income. + +**Who is this appropriate for** + +* People who are married have their financial lives legally joined anyway. +* People in long term relationships, especially with children. +* If you regard your and your partners financial futures as one entity, not two separate ventures. + +# Method 2.5 +(credit /u/joao_uk) +Similar to method 2, but personal spending never gets split to personal accounts. An joint amount is agreed and is kept in the joint account, then whoever wishes to spend it can without worrying about a 50/50 split. Large purchases are discussed prior. + +**Advantages** +* Less moving of money around needed. One account for everything. +* Very easy if you both have similar ways of dealing with money. + +**Disadvantages** +* Requires both partners to discuss the others personal spending. +* Can be difficult if large disparities in spending habits exist. + +# Method 3 + +Split bills 50/50. Keep remaining income for themselves. + +**Advantages** + +* It is fine if both parties earn about the same. Is the 'fairest' solution available. +* Disadvantages can be somewhat limited if higher earner also agrees to contribute more in other ways, such as towards joint savings, but this kinda turns it into method 1. + +**Disadvantages** + +* Is a bad long term solution and small changes in costs can very negatively affect one partner whilst the other barely notices. +* It isnā€™t a good solution if there is a higher earner who wants to start spending more than the other can afford. + +**Who is this appropriate for** + +* This is often how things start, especially when couples first move in with each other. + +# Method 4 + +Where lower earning partner earns so little (or nothing) that they cannot realistically live. No joint account exists but higher earning partner pays all bills directly and ā€˜giftsā€™ fun money to lower earning partner to maintain quality of life. + +**Advantages**. + +* Higher earning partner maintains full control over their finances. + +**Disadvantages**. + +* Can create a toxic power imbalance and can lead to resentment, especially if a joint spending decision is ever unilaterally denied. + +**Who is this appropriate for.** + +* People who are protective of their finances, and possibly donā€™t trust their partners ability to manage finances. +The debt is primarily a result of a lengthy divorce process that involved a custody battle for my 4yo. Attorney fees, a higher rent, and childcare expenses piled up over the last three years. FWIW, my credit score was bordering good/very good prior to the separation, but missing out on the ex's income with these new conditions caught up to me financially very quickly. On top of that, I am planning on switching to a new career this fall, in which first year salaries range from $55,000-$60,000 in my area, but with very good growth prospects after that. + +&#x200B; + +The situation - about $3,500/month of after-tax income with $1,600 monthly rent. Additional monthly expenses (utilities, childcare, gas, groceries, etc.) amount to less than $800/month, which leaves me with $1,100 a month to pay off the cards below, and add to a savings account that currently has $600. Credit score is still considered okay, but the high utilization is only making things worse. I was able to settle my balance with the attorney earlier this year, so no legal fees are expected going forward. + +&#x200B; + +NFCU1 - 16.9% - $16,225.22 + +NFCU2 - 13.24% - $16,197.22 + +Chase - 25.24% - $2,676.65 + +&#x200B; + +Any advice would be appreciated. Debt consolidation companies recently started reaching out to me by mail, and wanted to see if I should consider that route. + +&#x200B; + +Edit: Thanks all for the feedback and encouragement! Tried my best to keep the post finance-oriented, but lots of questions regarding the divorce and living situations. In order to ensure getting joint custody, the attorney recommended a 2BR apt as opposed to a 1BR. In terms of roommates, that would involve modifying/breaking my current lease and getting the ex to approve. I personally wouldn't want a stranger moving in anyways, but I am keeping an eye out for friends/family who might be looking for something temporary. + +&#x200B; + +I don't feel quite comfortable sharing my location at this time - simply know that $1,600 is a decent deal for 2BR. I've seen $1,400-$1,500 in the area, but any savings there would be negated by the requirement to pay 2 months rent to break the current lease. +Hi all. Iā€™m staring at a 1098 Mortgage Interest Statement and I literally have no idea what to put. I know what heā€™s spent on mortgage for the year, can I use that number to generate the answers I need? He barely speaks English and Iā€™m having high anxiety about messing up the taxes. +I'll start by saying that my wife and I are pretty risk averse. We're both very anxious people and we've found that we are generally happier the less leveraged our lives are with debt. That being said, we've managed to put back a decent chunk of change and we've had a few close friends and family tell us that we are saving too much and we need to enjoy life more. We are generally happy, but there are things we'd like to do that we talk ourselves out of due to how frugal we are. My question is how can you know when you're saving "too much"? + + It feels like there is no such thing. We often times feel like we are being wasteful and hurting our future selves by spending money on frivolous things now. + +We are both in our late 20s and our financial info is as follows: + +$165K pretax annual income + +$50K in cash. 20K set aside for emergency fund. + +$125K in the market. Most of this is Roth. + +$165K in a rental property that cash flows around $12K per year. No mortgage. + +$15K in Bitcoin/Ethereum + +No car debt. We are currently renting as we recently moved and are saving for 20% on a home that will cost \~$400K. We max out each of our Roth IRAs every year, we max out each of our HSAs every year, and we max out one of our 401(K)s every year and contribute up to the matching contribution on the other. + +&#x200B; + +I feel like we're in a pretty good spot. I just can't shake the feeling that, generally speaking, if you have extra money you should be saving it. Advice? +We filed our 2020 tax report in February last year with a tax preparer. All of our bank account and routing info was correct and we signed off on it. 3 weeks later I found out our tax refund was deposited into an account that was NOT ours. Apparently our tax preparer ā€œaccidentallyā€ changed our bank account and routing numbers after we signed off on everything. Not just one number. She changed ALL of them. The tax report we received still shows the correct information. + +Over the past year I have spent hours on the phone with the IRS, the bank the money was sent to, and our tax preparer. None have been helpful. The IRS says to take it up with the bank. The bank says they wonā€™t do anything because Iā€™m not the account holder. And our tax preparer has been zero help. What do I do at this point?? This was a huge refund. + +Iā€™ve already done 2 refund traces, we got one letter in the mail from the IRS in July 2021 saying they were investigating it. Nothing else since then. I filed form 3911 recently as well. Do I sue the tax preparer? Do I report them for misconduct? This was entirely her fault. + I recently bought some shares of Vontier, which owns Gilbarco Veeder-Root, a company that makes gas pumps and gas nozzles. + +When I was at the gas station last night, I looked to see if the pump and nozzle were made by Gilbarco. The pump said it was made by a company called Wayne (ā€œa GE Energy Businessā€), and the nozzle said it was made by OPW (ā€œa Dover Companyā€). + +Dover now owns both Wayne and OPW, I found out. And it also owns Tokheim, another gas pump manufacturer. + +In the US, Vontier and Dover seem to have something close to a duopoly in this subsectorā€”although thereā€™s another company called Bennett Pump, which is privately held. + +So if I bought some Dover stock, I would own pretty much everything there is to own when it comes to gas pumps and gas nozzles. (I had the impulse to do that, but I stopped myself.) + +What are some boring subsectors that you like? +According to Time, the big drops this week to Ethereum and Bitcoin have followed a disappointing December jobs report, and the release of minutes from the Federal Reserve Board's December meeting, which signaled the central bank would begin slowing down measures to prop up the economy as it continues to improve. + +Also, 18% of Bitcoins hash rate comes out of Kazakstan where the power went out January 5th for several hours due to the political turmoil which then caused an approx 12% drop in BTC price then it was downhill from there. + +Basically, fear over interest rates and turmoil in Kazakstan is storing up a lot of crap in the crypto world. Letā€™s get ready to get this party started! +I bought a product online that was said to be in stock, worth Ā£2k. It's a physical high Street shop called H Preston Media. After making payment, I was emailed to say they didn't have it in stock and that the manufacturer has discontinued it. + +The owner suggested the newer model that is an additional Ā£500. I replied saying I didn't want it and to please cancel the order and issue a refund. + +5 days later and he's still not refunded me and keeps bs ing me that he want to find one and that he wil do a refund then never does. + +Having checked reviews, there's lot of similar stories of not being refunded. + +What can I do next? Would it be considered a police matter + +Edit. I should mention I paid with a debit card and not credit +Big day tomorrowā€¦ The Ethereum merge is set to take place changing Ethereum from Proof of work to Proof of stake. + +What do you think tomorrow looks like? +Is there actually a chance that the merge doesnā€™t even happen? I know there are some people out there who think it will flat out fail. Why? + +Also, do you expect it to be a sell the news event? I feel like the markets have already kinda dumped recently. I do expect some volatility but have no idea if itā€™ll be a good or bad thing. + +My opinion is that the merge will take place. If it goes smoothly I donā€™t think we see a massive dump. Just my opinion, I donā€™t have a crystal ball so be prepared for all scenarios. If it doesnā€™t go smoothlyā€¦ it could be very bad. + +What are your predictions for tomorrow everyone? +I know many people aspire to pay off all debts prior to FIRE, but with mortgage rates low and possibly heading lower, I'm considering a different course of action: loading up on debt prior to FIRE. I'm curious for people to poke holes in this idea. + +First, very rough numbers (I have more precise data of course but for the purpose of this idea precision isn't necessary). Also note that I haven't FIREd yet.. I'm a computer programmer in my early-40s. Net-worth is about $3.5M, which is roughly divided into $1M house, $1.5M in retirement accounts, $1M taxable. While I have a very small mortgage, for the purpose of this question I'll ignore it for simplicity. I estimate my yearly expenses post-FIRE and assuming no mortgage at about $50K, or a \~2% WR. + +&#x200B; + +So here's my brainstorm. Right now I have a high income and an excellent credit score. Why not leverage those assets while I'm still employed to take out a big mortgage (let's say 15-year $600K at 3.125%) right before I quit my job? I could service the mortgage and pay my expenses while still staying below a 4% WR, and I've got an additional $600K to increase my cash reserves and invest. As this makes me somewhat leveraged, I'd probably keep \~$200K in cash to help ride out a bear market. + +I realize this isn't a particularly safe strategy if one is going into FIRE already at a high WR, but given a reasonable cushion I can't see a big downside. Have any FIRE-ees pursued this? I'm aware, BTW, that the market is at record highs and that does give me pause. But presumably it's still reasonable over the long term (and at my age long term is relevant) to expect the market to well out-perform 3-ish%. +Hey guys! + +I am a 38 year old and have more than I need monetarily. I have multiple businesses, philanthropic works, and wonā€™t have to worry about money for the rest of my life- other than where to invest or what to do with it. + +I think that getting more grounded spiritually (Iā€™m agnostic / atheist) and / or having someone to bounce ideas and give great third party advice would be a great thing in my life. + +Where would one go to seek people like this that would have experience with people that are of similar positions to myself? Has anyone had good / bad experiences going down this rabbit hole? + +Happy 4th and thank you for reading / responding! +The report that Maxine Waters released last week clearly highlights this fact. Who from Apex Clearing was at the Congressional Hearings? Has Robinhood been vindicated? I don't remember any testimony from the CEO of Apex Clearing, Bill Capuzzi. Will Apex be liable for the losses by retail investors? Is there any mentions of a class action lawsuit? +Amazon Prime rates are going up for US Customers on Feb 18th. **What that means for Amazon's revenue generated from Prime memberships?** + +Amazon had \~151.9M US Customers in 2021. And its projected to have \~157.4M by end of 2022. The annual price increase: $119 > $139, will generate an additional $3.8B in revenue + +(151.9M @ $119 = $18.07B | 157.4M @ $139 = $21.87B) + +But, only half (48%) of subscribers pay annually. 52% of Prime Subscribers in US who pay monthly (with relatively high loyalty - 97%), their rates are increasing from $12.99 to $14.99, resulting in the following numbers: + +(78.98M @ $12.99 = $12.31B | 81.85M @ $14.99 = $14.72B) + +An increase of $2.41B in revenue from monthly members. + +Adjusting the annual numbers a bit. For the annual subscribers (48% of total US customer), the updated numbers look like this: + +(72.91M @ $119 = $8.67B | 75.55M @ $139 = $10.50B) + +Which would result in an adjusted increase of $1.825B from annual subscribers. + +Thus, Amazon will generate an additional $4.235B ($2.41B+$1.825B) in revenue as a result of this price increase. + +The higher rates for monthly members, an increase of $24 per year, versus an increase $20 for annual members could see a migration of some monthly members to annual membership. + +And, maybe that is what Amazon is trying to accomplish here. Remains to be seen if higher monthly costs will cause monthly subscribers to churn or convert to annual subscribers + +**TLDR**: Same as title, the increase in Amazon Prime prices will result in an increase of \~$4.235B in annual revenue for Amazon from Prime memberships. + +[https://finance.yahoo.com/news/amazon-prime-fee-rise-180-175155725.html](https://finance.yahoo.com/news/amazon-prime-fee-rise-180-175155725.html) + +[https://backlinko.com/amazon-prime-users](https://backlinko.com/amazon-prime-users)[https://reuters.com/business/media-telecom/amazon-hikes-prime-membership-fees-us-2022-02-03/](https://reuters.com/business/media-telecom/amazon-hikes-prime-membership-fees-us-2022-02-03/) +Could anyone provide insights on how does it exactly work, when a company is listed on multiple stock exchanges: is it the same stock being listed? it's a different entity? what is the reason for multiple listing, more liquidity, access to more investors? How is the stock price maintained at the same level on multiple exchanges? Thank you all in advance! + + +Update: additionally how are foreign companies stocks trading on the NYSE/NASDAQ regulated, e.g. Chinese stocks; what happens if they report false earnings or commit any kind of financial fraud, how can the SEC punish those players? +Anyone buy one to keep at the office or at home? As a precaution? +What were considerations and model purchased? + +Healthy or not, seems heart attacks are pretty common. + +Does it make sense to spend 1-2k to keep this machine at home? +Do they need to be replaced or serviced every x years? + + +I read an article where a politician who was 35 had a heart attack at the gym, was lucky has they had a defibrillator and used it. + +Also today came across this article about Drones being used to deliver defibrillators in Sweden. +https://tech.slashdot.org/story/22/01/07/1545256/drone-carrying-a-defibrillator-saves-its-first-heart-attack-patient-in-sweden?utm_source=feedly1.0mainlinkanon&utm_medium=feed + +Recent pilot deployed them 12 times 7 of which arrived before ambulances. + + I wasn't aware that you need to use one within ten minutes of an event. + + +Edit: parent who had heart disease passed from heart attack late 60s, grandparent had heart disease. Both of these people needed operations at one point in life for heart. + +I have calcification in heart, 60% distal LAD stenosis, 40% proximal proximal circumflex stenosis. Left ventrical of 25mmhg. (don't know in depth about this just tells me I'm at greater risk of a heart attack) + + +Edit 2: ems is 8min or less 75% of the time in our city, and I'm central. +Hello. I'm currently in a situation where I have around 20kā‚¬ just sitting in my bank account and a flat due to inheritance I have received, when I was 17. And only now I have decided to put this money into future perspective. + Therefore I have strarted learning about investing. + My risk tolerance is quite high as I have no debt, my education is free and my low living expenses are all covered by a pension and rent so these resources are at my disposal. + I think I've grasped the basic ideas of investing, although the broker websites are still a mystery to me due to the country I live in (Lithuania). Do I have to worry about separate taxes taken by my government or are just the brokerage taxes counted towards my profits? + And what do you think would be the best investment for my modest portfolio? I have tried crypto in 2017 (yeah, 2017, so you can guess how that ended). + I currently have 500ā‚¬ in eToro social trading portfolio as it doesn't require much time and it's just a tool to start getting used to investing. + Maybe anyone knows a decent solution for this situation? As I have a lot of time at my disposal. + Thank you people of reddit +**Context** + +Belgian, 27M, with my SO for 7 years (28F). Combined net revenue of 4400ā‚¬ (*13.92 months, common in Belgium) + +We're currently looking to buy a house, but I somehow feel cautious about spending that much money. I think I'm well in charge of my finances, and track my spending/saving since I started working. +Houses in our area are around 300kā‚¬ on the cheap end, 250kā‚¬ if you're willing to throw 50-80kā‚¬ renovating them. + +**Financial situation** + +I have a 50kā‚¬ stash (+EM) that I saved in the past 4 years, but this money wouldn't even be used to partially pay the house, as this would only pay for the transaction costs (very very high in Belgium, about 15% of the house price). +My girlfriend just has her emergy fund, so we won't touch that money. +We thus would need to get a loan for 300kā‚¬. + +The mortgage would cost us ~1650ā‚¬/month over 20 years (1520ā‚¬ for the mortgage only, but 1650ā‚¬ with the costs related to owning a house), while we are currently paying 850ā‚¬ for our current flat. + +This increase is pretty steep to me (+400ā‚¬ per person), and it somehow scares me. It represents 37% of our current revenue. + +On the other hand, I'm currently able to save ~1-1.2kā‚¬ per month, and my gf ~500ā‚¬. That means that the cost increase due to the mortgage would be bearable. We both have company cars, paid phones, internet, etc. so we don't need much money to live. + +Should I be worried about making this big purchase? Should I go for it? +I'm a bit in the dark here. Any advice or feedback is welcome. Thanks! + + + +Hello, + +Throwaway account for confidentiality. + +I would love to get advices from people of this sub about my situation. + +# The situation + +I'm 24, living in France, with my spouse in an apartment belonging to her father. Therefore we have no rent to pay and can stay as long as we want. + +We both work, we both earn around 21kā‚¬ a year after taxes so \~42kā‚¬/year together. + +Our jobs are stable and the salary good for our age and area. + +We would like to buy our house in about 5 or 6 years. We have a clear vision of what we'll want and it costs around 350kā‚¬/400kā‚¬. + +Our saving capacity is around 1000ā‚¬/month each, so 2kā‚¬ together, as we don't pay for rent and I don't use a car. + +Our current financial situation is this one : + +ME : + +* 4000ā‚¬ on a "classic" account +* 400ā‚¬ on a life assurance (getting \~2% return) +* 200ā‚¬ in world ETF (getting \~9% return for now) + +HER : + +* 10 000ā‚¬ on a "classic" account +* 4000ā‚¬ on a PEL (getting 3% return guaranteed) + +>**The question is, what is the best option with our money up to the day we'll buy the house ?** + +I was thinking of something like having her getting the PEL full for the 3% guaranteed and me going all in with my life assurance that i'll be able to break to get back the money. The money would be "lightly" invested, resulting in 2/3% annual return without any risk. + +Otherwise I was also thinking of buying an apartment to rent it, it seems interesting and we would be able to pay it in less than 5 years. Around 4% net return/year and it gives money "for life". + +I think the market is not a good option as we can't wait for 5-6 more years if it's in a bad situation when we want to buy our house. + +TL;DR: Spouse and I want to buy an house in 5 year and wonder what is the best way to deal with our money until then. Can save 2kā‚¬/month, the house will cost around 350kā‚¬/400kā‚¬. + +Thanks for reading ! +Hello everyone, I feel like I'm in bureaucratic hell, I would much appreciate it if someone can clarify this for me. + + +So the situation is as follows: I received some crypto as payment for a freelance job 3-4 years ago as a Russian self-employed citizen. Throughout these years I traded that crypto multiple times until finally fixing the trading profits in USDT. +Nowadays I study in Germany, therefore I have a temporary residency and a tax id here. +The question is: Can I withdraw my crypto into fiat to my bank account here in Germany? If yes, what tax will I have to pay? Will the "hold for a year" tax-free rule apply to me in any way? + + +I tried contacting a tax advisor, but one company gave me an outrageous consultation price (799eur per hour) and another one only confused me in preliminary emails, I'm pretty sure I need to find someone more proficient in crypto and less scammy, yet I don't even know if I should look for an advisor in Germany or in Russia. + + +Thanks a lot! +If you're feeling blue cause of all the red, I have some confirmation for your bias right here. :) + +You shouldn't need it, cause the [004](https://www.sec.gov/rules/sro/occ.htm) news should have every part of your body totally jacked. + +Since we just had such a blood-red day I wanted to check the current option Open Interest to see how much of todays selling pressure was from Naked Shorting. Well, we know Apes certainly aren't selling, so its gotta be bare nekkid! + +This is an update to my previous post on Married-Put Remnant Forensics [here.](https://www.reddit.com/r/Superstonk/comments/nacqtm/may_update_on_the_marriedput_forensic_analysis/) If you haven't read that, read it first for the context of this post. + +**TLDR** Short Interest increased by another 5% last week to 155% of the float and there may be even more shorts hiding in short-term put options for an additional 17% short interest. + +No, seriously, go back and read that first one then come back. + +Let's go! + +**Updated Calculated Short Interest from Married-Put Remnants** + +GME Shares outstanding: 70.77M + +GME Float: 47.75M + +Irrational Puts from now until Jan 2023: + +Option Expiry | Open Interest Apr 18 | Open Interest May 11 | Open Interest May 28 +:--|:--|:--|:-- +Apr 16 | 7,067 | 0 | 0 +Apr 30 | 6,124 | 0 | 0 +May 14 | 135 | 683 | 0 +May 21 | 3,648 | 3,990 | 0 +May 28 | 150 | 412 | 484 +Jun 4 | 0 | 64 | 211 +Jun 11 | 0 | 11 | 108 +Jun 18 | 0 | 1,046 | 1,458 +Jun 25 | 0 | 13 | 28 +Jul 16 | 299,922 | 303,927 | 303,679 +Oct 15 | 14,736 | 19,223 | 19,285 +Nov 19 | 22,760 | 22,601 | 22,527 +Jan 21, 2022| 220,355 | 224,653 | 226,991 +Jan 20, 2023 | 43,984 | 46,136 | 45,859 +Total puts | 619, 458 | 622,769 | 624,608 +Shares short | 61.88M | **62.27M** | **62.46M** + +**Ok, what does fox say?** + +The number of naked short shares implied by Married Put remnants has increased by the equivalent 184,900 shares in just the last week. + +* Ortex has 'exchange reported' Short Interest at 11.82M shares. + +* 4,600 put contracts have expired since the previous post but there is still a net *increase* of 1,839 contracts. + +* Combining the calculated Naked Short interest of 62.46M with the official 11.82M short interest, we get 74.28M shares short or *155.6% SI*. + +So, the Short Interest has *increased* by another ~5% over the last week while GME went from $146 to $168. (Wow. Apes are crushing!) + + +**The Great Put Embiggening** + +Thanks to u/Full_Option_8067 for digging up the options chain from January! + +Back on January 15th the open interest for sub $20 Jan 2022 Puts was 22,278 which today has over 223,653 puts. +The March sub $20 Puts was 29,374 and today that has ballooned to 224,653 puts. + +Yup. No real suprise here, the baby-squeeze on Jan 28th sorta marked the beginning of the marry-them-puts shenannigans to drive the price action down down down. + +Could this indicate naked shorting was occuring back in Jan? Possibly and probably. Certainly not to the extent it is today or at least the means to short GME were not predominantly Married-Put naked shorting. + + +**The Wedding Planner** + +Considering the Put part of a Married-Put trade is NEVER gonna be used, it makes sense to minimize the cost the these types of puts. If you look at the January 2022 put options, the $0.50 strike costs just 2 cents! Two freaking cents! I guess even hedgies don't like throwing money away if they don't have to. + +This explains why the pattern for these is densely clustered around just two Option dates a super-low-strikes. July 16th and Jan 21, 2022. These are the most cost-effective places to dump irrational puts. Only one problem, they stick out like a sore thumb. This got me thinking, where else can they hide shorts? + + +**When you make an Assumption ...** + +When I wrote my original post on this topic I picked $20 as the cutoff strike price to delimit rational from irrational puts. I did that by eyeballing the double-distribution of puts across the Option Expiry dates and found a valley. Normal stocks don't have such exaggerated double humps and instead call/put action *generally* creates a nice camel hump pattern around the current stock price with the sporradic YOLO or fatfinger bet outliers. + +That was a bad assumption and the more correct way to do it would be to define irrational puts by their implied volatility or more directly by their cost-effectiveness, knowing that anything spent on the cost of that put option is totally written off. + +BUT, you can't just load up on *half a million* $0.01 put options in July at a $0.50 strike! That's gonna stand out like a big turd on the sidewalk, apes or somebody might notice that. You gotta spread those puts around a bit. So they grabbed 148k at $0.50 strike, 30k more at the $1.00 strike and well ... that's really not very well spread out. In thier defense, only the July 16 and Jan 21, 2022 Option Expiry dates have these ridiculous strikes so if there really wasn't a lot of other places to spread these turds out. + +**Shotgun Weddings** + +After snorting a few more crayons and reconsidering what an 'irrational put' is defined as, the next most obvious place to look was ANY puts that are really cost-effective with high-implied volality. (i.e. fat chance in hell of hitting that strike price.) + +Of course, SHORT TERM put options! + +Perfect place to hide more turds. You can get them cheap cause of the greeks, very often less than ten cents for the contract! Yeah, they expire within days, but there is a solution to that: Let them. Buy more next week. + +Let's look at the irrational puts for the next couple of months option expiry and filter for *ten cent* put options with 200%+ Implied Volatility: + +Option Expiry | 10 cent puts, high IV +:--|:-- +May 21 | *75,971* +May 28 | 2,717 +Jun 4 | 1,036 +Jun 11 | 306 +Jun 18 | 1,948 +Jun 25 | 36 +Total | 82,014 + +Boom! This Friday, nearly 76 thousand *worthless* puts expiring. Go look at the put option chain yourself [here](https://www.barchart.com/stocks/quotes/GME/options?expiration=2021-05-21-m&moneyness=allRows). Seriously, look at it. Does it make any sense? Dirt cheap puts with over 300% IV all the way up to a $80 strike. Who would buy an insane option like this? Anyone here think GME is going to drop by half in two days? Yeah, me either. + +That's potentially another 8.2M shares short, bringing our calculated Short Interest up to 82.5M shares short or 172.8% Shorted of the float. + +How can we confirm they are rolling short-term puts as part of married put trades? We should know Monday, cause the total open interest for irrational puts needs to be maintained in order for them to continue under the pretense of using this as a *legal* means of naked short selling. And this is a ton of open interest that's gotta get rolled. The OI for next week is a mere 2,717 contracts so if we see massive amounts of irrational puts Monday, there you go. + +**Could the Short Interest be even higher?** + +ABSOLUTELY. + +This calculation does NOT include short shares created directly using legal Market Maker provisions and have not yet been covered (T+21) by that Market Maker. This calculation does NOT include legal short shares created using the re-borrowing method. (See 005 below.) This calculation does not include shares shorted via the ETF's. (62 [ETF's](https://www.etf.com/stock/GME) hold 10.5M GME shares and that undoubtedly all been shorted.) + +**Conclusion** + +Hedgies r fuk. They're digging an even deeper hole with every passing day. Every time I look at it there are more shorts. Naked shorts, everywhere. And I don't think we've found them all. There could be millions more hidden using 005 re-borrowing and millions more in rolling FTD's. I will not be surprised, if it turns out the real number was closer to 1,000% SI. + +I do believe they are limiting themselves to only *legal* mechanisms for shorting the stock. Otherwise we would *not* see all the evidence they have left behind, like open puts, FTD reports, 13F's, etc. Which is probably a wise decision, when they get busted, none of them will actually go to jail. + +The rate the SI in increasing is clearly unsustainable. The DTCC needs to margin call them ASAP. Every day they delay increases the cost by ~21 thousand shares, or about $210 million a day if the moass geometric mean is $10k. *cough* or higher. ;) + +**Sources** + +[Citadel 13F - Fintel](https://fintel.io/i13f/citadel-advisors-llc/2021-03-31-0) + +[Original Post on Married Puts](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) + +[DTC-005 Original Doc](https://zenodo.org/record/4718936/files/005%20-%20SEC%20SR-DTC-2021-005-2%20-%20submission%20of%20rule%20finding.pdf?download=1) + +[DTC-005 Analysis](https://www.reddit.com/r/GME/comments/mi8mo9/legal_interpretation_of_the_proposed_srdtc2021005/) + +[Share Borrowing Program](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/) + +[Barchart Options](https://www.barchart.com/stocks/quotes/GME/options?expiration=2021-05-21-m&moneyness=allRows) + +[Stonk Tracker](https://gme.crazyawesomecompany.com) + +**Required** + +šŸš€šŸš€šŸš€ +Does anyone regularly sell call options (or cash secured puts) against their holdings for regular income? How do you manage it on a monthly basis? + +The options market is historically extremely active right now and premiums for popular single stock names are really high. + +Thereā€™s also ETFs like QYLD which basically act as at the money covered calls on Nasdaq which Iā€™m considering putting money into as well. +Friends, + +I've seen so many people post about "When is the right time" and "When is enough enough." Most of these go on to detail that someone hasn't reached their objective, but is not enjoying / satisfied with the journey. + +I loved this article that gives some insight into that issue: + +[Atlantic Article](https://www.theatlantic.com/family/archive/2022/02/reaching-goals-doesnt-always-lead-to-happiness/622894/) + +What it eloquently makes clear, is that it isn't usually about the destination (get to 20m for example) but the journey, the steps, the little rewards along the way. + +Nick +This is this year's "turning off the buy button," except even now the situation is even MORE deadly to all the brokers who never bought actual shares and are just holding IOU's for retail. DRS FORCES them to buy actual shares which at this point might mean buying ten IOU's just to find one actual share. This is why they are desperate to stop DRS, it's even worse than the threat they faced last year. They refused to buy one share at "high" price through all of 2021, now they are being forced to buy through all the extra rehypothecations they made doubling down all year. + +Good job, Apex. It's very clear now what is really going on. I'm gonna look to report this to FBI, FTC, SEC (haha), CIA (they deal with money-related fraud too), and yeah congress, but congress works the slowest I think. + +They are trying to stop DRS NOW because sometime between now and 02/08/22, according to the rules they are gonna need to buy millions of shares just to hedge their short position which has grown since last January. They thought they could hide and outlast retail's patience and scare us all off by doubling down yet AGAIN to naked short the price down to $100 (btw pretty sure they will force it below $100 in the morning for the psychological impact), but even THAT has failed to shake off retail. + +They are truly desperate, many more times over than even at last January's sneeze. There are no stimulus payments this time, and the Fed is forced to end the QE and all the printed money they used to prop up the market. No more artificial liquidity injections into the markets to save them from the horrendous positions THEY CHOSE TO BUILD. This is the endgame. + +I'm sure they have a couple more even more desperate blatantly corrupt cards up their sleeves. This situation is literally the bottom 99.9% of humanity vs. the top 0.1% which have created the entire financial world and guard it zealously. I don't think I can overstate how significant this is, and how terrified they are to lose. They CANNOT afford to lose no matter what. This is for all the marbles. If retail wins this standoff, everything will change as the corruption is forced into the light. Legacy stock markets will all be left to die if retail wins this ridiculous standoff. + +People are gonna be SO pissed especially as the markets crash around this giant squeeze. '08 was only like 13 years ago and obliterated so many people's retirement funds and took their homes and forced them to work another 10 years to try and retire decently, which in itself has distorted economies and generational income. Citizens are gonna go nuts when this all comes to light. I truly believe that. + +I guess the reason I'm writing this post is this: Be angry. Be FURIOUS. we have every right to be, as investors in these sham markets, as citizens of countries all over the world now mixed up in this, and as human beings who for the MILLIONTH time in history are being crushed under the boot of the lucky top 0.1% who have mostly been born into connections to get them to where they are. They have always been above us, they have always ruled us, and they have always striven to absorb all the money, all the property, all the fucking GDP the rest of the world actually works to produce. + +They will fuck us yet again here, IF WE LET THEM. DON'T LET THEM. Be angry because you have every right to be. Get the fucking word out. Tell everyone. Tell every supposed authoritative body that is supposed to protect us citizens and investors. Tell every human being you know what is about to happen AGAIN, on the anniversary of last year's fuckery, because those greedy criminals STILL won't lower themselves to our level and pay the debt they owe to investors, because they STILL refuse to be law-abiding citizens like the rest of us lowly ants. We work for their obscene $billions, their $TRILLIONS, and in return they get overleveraged FIFTY times over in notional $trillions in their derivatives casino games, because They HAVE NEVER HAD TO PAY THOSE DEBTS. + +no bail out from taxpayers. Not this time. FUCK them. Get the word out. Social media can still be our voice to inform others. Make up new hashtags and get this filth trending. Spread their slimy crimes everywhere so everyone realizes this shit is about to happen AGAIN this January. Tell everyone you know so they curiously keep an eye out, and when the ticker goes insane again they will realize we were right all along, and then EVEN BIGGER FOMO than last year will come. Even if they try to stop this squeeze somehow, they can't get off easy like last year. No one will buy the same lies a second time. DON'T LET THEM GET AWAY WITH FOISTING THEIR IOU's ON US FOR ANOTHER YEAR. NOT AGAIN. + +Be angry. And tell everyone why +There was an interesting thread a few days ago where a fellow asked if the above was a reasonable expectation and further, can you do this without incurring management fees? Guy says $27,000 is what he's paying now. + +$140k if its tax paid clear... does that seem reasonable while not touching the principle? + +And would that scale? ie $2 mil for $70k a year? $280k for $8 mil. + +Further to this it seemed like the guy had his mainly in blue chip. Would it be better to proportion a bit up into property? + +I would assume this is a hard ask right now with a million dollar properties generating $600 rent... + +BUt I would pose the same question in that if one had a $4 mil property porfolio, in Syd or Melb. mix of house, units and say commerical property... would the expectation of $140k after tax, land taxes expenses be reasonable? Of course a lot depends on how much you owe the bank... one might assume that if a 45 y.o guy is inheriting his dad's portfolio that some would be owned clear and some would be managed debt? + +Sorry if some of these questions seem a bit immature or unexperienced but that guy brang up a lot of good points. +Disregarding family and friends, who or what are some valuable and commonly forgotten sources of advice on attaining greater income? + +I'd like to be earning at least $20k extra a year, but my current employer doesn't show much opportunity to earn much more than $60,000 working 44hr weeks. It is considered an entry level grad role but is essentially data entry combined with payroll processing to form a trainee accountant position. + +Information technology is an obvious direction for higher income which I am beginning to consider, however like any industry change I expect to be on a similar entry level wage until I gain more experience to enable greater consideration as an applicant for higher paying roles. + +Edit: typo, current salary including overtime is close to $60,000 + +Edit 2: Thankyou for all the responses. There has been a variety of advice, and the key consistent message has been invest more time in yourself and the opportunities will grow. +I tagged along to an inspection in Nundah today with a mate who is looking for his first property. When we arrived (about 10ish minutes after scheduled start time) there was a queue that extended from the door of the property about 20-30 meters down the driveway almost onto the road. + +Given all the information circulating about the slow down in the housing market I was expecting to see a few other groups go through but nothing like what we saw. The agent said that 20+ groups had already gone through the property before we arrived and the line to get in was bigger on our way out than it was on our way in. The place would have seen an insane amount of traffic. + +The agents running the show were asking for offers to be in no later than 3pm same day and no building and pest inspection had been done either. I suspect it is probably a case of real estate agent under quoting the price of the place but it was interesting to see nonetheless. + +Property in question: + +[https://www.realestate.com.au/property-townhouse-qld-nundah-139708223](https://www.realestate.com.au/property-townhouse-qld-nundah-139708223) +Looking at which cities I can get to a major international airport within about 2 hours. Obviously low cost of living, low state taxes, and ideally not in the middle of nowhere are nice. + +Off the top of my head, Athens GA seems like a candidate near ATL. Any other recommendations? +Hi, +I am long time reader from Czech Republic (geographically Central EU, politically Eastern EU, pick your choice). + +I am inspired a lot by a stories here and I would love to reach something similar as all people here. + +But the reality is that I do not live in capital and I make pretty average salary in my city which is a 1100ā‚¬ gross (e.g. 700ā‚¬ after tax). But I spent some 400-500ā‚¬ just for living (I do not own my flat, food, public transport,...) and the rest I try usually to save. I try to really not buy stuff I donā€™t need. I avoid expensive things. I do not own a car. + +I am 29 IT Consultant. I know there might be a long way ahead of me but currently I do not see any chance to reach FI/RE at all. + +Are there any people from my part of EU who at least reached some of their FI/RE goals? +I never really know what to tell the recruiters when they ask me what my current salary is. Part of me thinks they want to know in case I am on too much compared to the role they offer but I am not really sure. + +I feel like asking why don't you tell me the salary range the client is offering. + +Why do they ask this question and how do you answer recruiters when they ask for your current salary details? +I was told 10% minimum profit of ARV is the best practice in the US. My agent is flipping in my market with 5ish% profit. + +Whatā€™s working for you so that youā€™re competitive but not such that risk > reward? +For further context, my idea would be to have my TFSA maxed out with mostly XEQT and Iā€™m 26 years old. Thereā€™s something enticing about the idea of eventually building a portfolio thatā€™ll pay out 3-4k in dividends. What do you guys buy in your unregistered account? + +Edit: to further expand, my RRSP Is all XEQT + +Second Edit: i appreciate the discussion in this thread! +I got tired of commenting to a ton of people and decided to make a post about it. Mind you I have no wrinkle in my brain at all and might have some part of it wrong, but my god the amount of people just accepting what the top post about it is telling them, when it's completely wrong. + +Paste from my last comment written: + +>Rules aren't going to be passed quickly at all. That's not how any of this works. The top thread about this that was first posted is COMPLETELY WRONG. This rule (changes) still has to be approved by the SEC. This is nothing new. Each and every rule that the NSCC, DTCC, or whoever thinks up, is always approved by some board in-house first and then gets sent to the SEC for approval. You can look at any rule posted on the DTCC site, read into the like second or third page, they are all "approved" by a board of that agency before sending it to the SEC. There is not fast-tracking of new rules. Once a rule is submitted to the SEC for "approval/no objection" (45 days), THEN the ~~DTCC~~ NSCC can implement the rule IMMEDIATELY without the 10 day notice period for it's members. This rule isn't what anyone thinks it is. That original thread got WAY out of hand, some mod should have stepped in and shut it down or clarified a while ago because now we are going to be dealing with this all weekend. + +Edit: I'm off to bed. I appreciate the comments and discussion that has happened in this thread so far. I'll review and reply to all who directly commented to me in the morning. Have a great night/day everyone! +I recently went up a grade in my current job which has a annual pay increase of about Ā£1000 annually from my previous salary. I realise since getting this pay rise, my deductions have increased (monthly): + +Tax has increased from Ā£346 to Ā£390.60 + +NI has increased from Ā£261.87 to Ā£290.58 + +Pension contribution increased from Ā£193.65 to Ā£209.12 + +Student loans contribution increased from Ā£63 to Ā£84. + +With all these increases to my deduction, I wonder if this is normal. I probably should have stayed on my previous salary as I was actually taking home more than I am now after my promotion. So essentially I have more responsibility at work with less pay :/ + +Your thoughts? + +Edit 1: thank you for your suggestions. + +Edit 2: there was a backpayment of Ā£159 which is reflected in this month's payslip. +GameStop Corp. is launching a division to develop a marketplace for nonfungible tokens and establish coin partnerships, according to people familiar with its plans, pushing the company into much-hyped areas as it tries to turn around its core videogame business. + +The retailer has hired more than 20 people to run the unit, which is building an online hub for buying, selling and trading NFTs of virtual videogame goods such as avatar outfits and weapons, according to the people. The company is asking select game developers and publishers to list NFTs on its marketplace when it launches later this year, the people said. + +GameStop also is close to signing partnerships with two coin companies to share technology and co-invest in the development of games that use blockchain and NFT technology, as well as other NFT-related projects, the people said. The retailer expects to enter into similar agreements with a dozen or more coin companies and invest tens of millions of dollars in them this year, the people said. + +Grapevine, Texas-based GameStop has been working to reset its business after years of losses. The company was at the center of a stock-trading frenzy last year that dramatically boosted its share price, which rode a surge in interest and optimism from individual investors. Many saw potential in GameStop despite the pandemicā€™s negative impact on foot traffic and even though consumers have been increasingly opting to download and stream games over the internet, rather than buy the kind of hard copies that the company specializes in selling. + +Last year, GameStop overhauled its executive team and board of directors, naming activist investor Ryan Cohen as chairman. Mr. Cohen, who co-founded online pet-products retailer Chewy Inc. and sold it for $3.35 billion in 2017, has been pushing to make GameStop more tech-centric. + +Edit- Have seen comments on this news being a smokescreen as a cover for shorts' FTD cycle covering, which indeed make sense and I don't disagree with them. +&#x200B; + +So I'm new to forex trading and I've just come up with this strategy. But before I spend time backtesting I want to make sure the strategy isn't completely idiotic. (I have made a trading plan which details everything else - if needed I can provide this). + +So here's the basic rundown of my strategy and a picture of an entry (I've also attached an image below). + +Timeframes traded: Daily and 4 hour + +1. First I plot major support/resistance levels on the monthly and weekly timeframes and plot these. I will use these timeframes to grasp the overall longer-term trend. +2. I will see if there are any support/resistance levels on the daily or 4 hour timeframe which have been confirmed. (confirmation = price tested the level twice) +3. I will wait patiently for price to approach this level and wait for a reversal candlestick pattern such as an engulfing bar. +4. Price has to also bounce off (or come quite close to) the bottom/upper Bollinger Band. +5. If going long stochastics need to be in oversold levels and vice versa for going short + +If someone could check over this just to make sure the strategy isn't "too simple" or "needs another indicator" I'd really appreciate this! + +https://preview.redd.it/qofu3rdh4qe61.png?width=1920&format=png&auto=webp&s=e8667b18a89c2fd4909afec74676336f7b39c368 + +https://preview.redd.it/4xqoxvdh4qe61.png?width=1920&format=png&auto=webp&s=777e5d35dfcdaf07763e3f19b255b62112bd1b15 + +https://preview.redd.it/t9r1fydh4qe61.png?width=1920&format=png&auto=webp&s=0d843e91d8804f81043720523b88ccd0d411bad0 +Thinking that if I had enough capital to trade with so that I wouldnā€™t need to use any leverage, could I somehow change the settings so that I wouldnā€™t be using any leverage? This would be nice because then as far as I know the overnight fees disappear completely. +For the past two decades, Australiaā€™s housing market has mostly been a one-way bet on rising prices. + + +Now, with the effects of coronavirus shutdowns reverberating through the economy and the nation set for its worst recession in 90 years, the concept that owning property is a license to print money is under threat. + +While the Covid-19 pandemic has upended property markets from Canada to Singapore, Australia is more vulnerable than most to a housing slump. It has one of the worldā€™s highest levels of household debt, the nationā€™s banks are heavily exposed to mortgage lending, and many mom and pop investors rely on income from rental properties, which are also under pressure. + + +ā€œAustraliaā€™s had an obsession with residential property for a long time,ā€ said Richard Holden, professor of economics at the University of New South Wales. ā€œA lot of people have a lot of their wealth tied up in residential property. Iā€™m pretty worried.ā€ + +Overexposed +Australian banks' mortgage books are equivalent to more than 80% of GDP + + +Sources: APRA, ABS, Bloomberg + +Note: Includes Westpac, National Australia, Commonwealth and ANZ Bank + +Commonwealth Bank of Australia, the nationā€™s largest home lender, estimates that under a short, sharp economic downturn this year followed by a quick recovery next year, house prices will fall 11% by March 2023. In the worst-case scenario of a prolonged recession, prices could plunge 32%. + +Thatā€™s a marked reversal from before coronavirus hit, when house prices were back near boom-time peaks, having rebounded rapidly since a 21-month slump bottomed out in June. Longer term, home values have tripled since the turn of the century, propelling Sydney and Melbourne into the ranks of the worldā€™s least-affordable places to buy. + +Rescue Package +To help avoid a calamitous decline, banks have rolled out a huge assistance package, with almost 430,000 borrowers given a six-month payment holiday. All up, banks have deferred A$211 billion ($138 billion) of loans, including to businesses. Meantime, more than 6 million workers are receiving government wage subsidies of A$1,500 every two weeks. + +That has helped avoid a flood of forced sales that could drag down the entire market. Property listings in Sydney are down 27% from a year ago, according to data provider CoreLogic Inc. + +Along with would-be buyers vying for a smaller number of properties, thereā€™s other factors helping prop up the market. Interest rates are at a record low, and most of the hundreds of thousands of jobs lost are concentrated among younger people in low-income work like hospitality and retail, who tend not to be homeowners. + +And after a brief pause during the height of social-distancing restrictions, open-house inspections and public auctions have restarted. + + +ā€œThe banks, and by extension the housing market, are fairly well firewalled at present, and it would take a lot to outweigh this,ā€ said Tamar Hamlyn, co-founder of fixed-income investor Ardea Investment Management. ā€œThe most likely scenario is slowly lower prices in a low-turnover market, as in the absence of any forced selling itā€™s quite likely that the various buffers in place can prevent a shakeout for the time being.ā€ + +Aftershock +Still, even as Australia starts to emerge from the shutdowns, the after-effects will linger for years. The central bank expects unemployment will peak at 10% this quarter, be at 9% at the end of this year, and hold above 6.5% for the next two years. + +And while banks are going all out to support existing borrowers, they are tightening the screws on new customers, placing less weight on variable income like bonuses and overtime when assessing borrowing capacity, and being ultra-cautious about people who work in hard-hit industries. + +ā€œBanks arenā€™t going to lend based on a ā€˜future return to normality,ā€™ they will lend on the now,ā€ said Redom Syed, the founder of mortgage broker Confidence Finance. ā€œA major shock to lending markets is coming.ā€ + +Then thereā€™s the sudden drying up of immigration, which has been one of the key drivers of house prices, particularly in Sydney and Melbourne where new arrivals tend to settle. + +On a net basis, more than 470,000 immigrants moved to Australia over the past two years. Now, with borders shut and international travel unlikely to resume anytime soon, the government is forecasting immigration will slump 85% in the year starting July 1. + +Immigration has been a key driver of Australian house-price growth +ā€œMigration is going to the biggest feature of what drives housing market dynamics,ā€ said Paul Bloxham, chief economist for Australia at HSBC Holdings Plc, and a former central bank official. ā€œWe see weaker demand for owner-occupied property, weaker demand for rental property and weaker demand for property for students.ā€ + +Read more: Australiaā€™s Closed Borders Harken Back to Pre-Globalized Economy + +Landlords are also facing an uncertain future. Unlike in the U.S. and Europe where big firms such as Blackstone Group Inc. and Vonovia SE own thousands of apartments, Australiaā€™s rental market is largely a cottage industry of mom and pop landlords. For many, the monthly rent doesnā€™t cover their loan payments -- and instead they count on tax breaks and price growth to turn a profit. + +That leaves them in a precarious position if tenants canā€™t pay rent. While evictions have been suspended for six months, there is no financial support for renters, and instead the government has urged landlords and tenants to negotiate rent breaks themselves. + +Meantime, tens of thousands of international students are stranded overseas, leaving their rental apartments empty, while the shuttering of tourism has seen AirBnB units flood back to the market. + +Sydney Rents +ā€œWe are well aware of a surge in short-term accommodation now being advertised for long-term leasing,ā€ said Louis Christopher, managing director at consultancy SQM Research. + +Rents in Sydney have fallen about 6% from a year ago, and will decline further if high vacancy rates are sustained, he said. ā€œThatā€™s good news for tenants but a disaster for landlords.ā€ + +Then thereā€™s the question of what happens later this year when the government and banks start to unwind the extraordinary level of support propping up the economy. With a household debt-to-income ratio of 187%, Australia is one of the most indebted countries in the developed world. + +ā€œThatā€™s the cliff edge,ā€ said Sarah Hunter, chief Australia economist at BIS Oxford Economics. ā€œIf the economic recovery isnā€™t established by then, there is the risk of a big stumble.ā€ + +https://www.bloomberg.com/news/articles/2020-05-21/australian-housing-isn-t-the-one-way-road-to-riches-it-once-was?sref=s0L1qQ1H +Guten Morgen to this global band of Apes! šŸ‘‹šŸ¦ + +Indications that a Loopring / GameStop announcement is nearing continue to pile up, but as yet there isn't any official announcement. Nevertheless, such a partnership can only mean bad things for the SHFs - GameStop using Loopring L2 technology means that a wide range of technologies are possible without enormous 'gas fees' or long transaction times. While it's not a great idea to speculate about the exact form of the tech, I am very eager to learn more about how they plan to revolutionize gaming and retail using such tech. + +Tuesday also had a bit of a FUD?/not-FUD? undertone. Apes have long known that buying shares is the surest way to board the MOASS rocket, and that many of the highly-speculative options contracts that Apes bought only ever served to put cash into the SHF coffers. We now know that shares + DRS are the best way to HODL shares, but u/criand opened a conversation on the impact that ITM / ATM options contracts *could* have on triggering the MOASS. + +For those of you who have never dealt in options, I highly recommend that you not start dabbling in options on GME. The contract prices are very high, and the stock is so heavily manipulated that it's difficult to predict any sort of safe investment. Criand raises a lot of good points about the impact that option leverage can have if the contracts are delta-hedged, but I think the point of his post is to try to dig up a better understanding of what kind of impact that leverage brings rather than to suggest that many Apes should start buying ITM/ATM calls to try to force a squeeze. Options have a very high risk of becoming worthless, and I hope that Apes don't lose moon tickets by making speculative option plays. DiamantenhƤnded Apes who HODL shares are the backbone of this movement. + +Today is Wednesday, November 17th, 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: **$207.98 / 182,95 ā‚¬** *(volume: 446)* +- ā¬œ 115 minutes in: $208.02 / 182,99 ā‚¬ *(volume: 443)* +- šŸŸ© 110 minutes in: $208.02 / 182,99 ā‚¬ *(volume: 431)* +- šŸŸ„ 105 minutes in: $208.01 / 182,98 ā‚¬ *(volume: 431)* +- šŸŸ„ 100 minutes in: $208.02 / 182,99 ā‚¬ *(volume: 414)* +- šŸŸ© 95 minutes in: $208.03 / 183,00 ā‚¬ *(volume: 414)* +- šŸŸ„ 90 minutes in: $208.02 / 182,99 ā‚¬ *(volume: 396)* +- šŸŸ© 85 minutes in: $208.08 / 183,04 ā‚¬ *(volume: 388)* +- šŸŸ„ 80 minutes in: $208.02 / 182,99 ā‚¬ *(volume: 377)* +- šŸŸ© 75 minutes in: $208.16 / 183,11 ā‚¬ *(volume: 366)* +- šŸŸ© 70 minutes in: $208.12 / 183,07 ā‚¬ *(volume: 330)* +- šŸŸ„ 65 minutes in: $208.06 / 183,03 ā‚¬ *(volume: 330)* +- šŸŸ© 60 minutes in: $208.15 / 183,10 ā‚¬ *(volume: 283)* +- šŸŸ© 55 minutes in: $207.95 / 182,93 ā‚¬ *(volume: 282)* +- ā¬œ 50 minutes in: $207.89 / 182,88 ā‚¬ *(volume: 246)* +- ā¬œ 45 minutes in: $207.89 / 182,88 ā‚¬ *(volume: 242)* +- šŸŸ„ 40 minutes in: $207.89 / 182,88 ā‚¬ *(volume: 239)* +- šŸŸ© 35 minutes in: $207.92 / 182,90 ā‚¬ *(volume: 230)* +- šŸŸ© 30 minutes in: $207.89 / 182,88 ā‚¬ *(volume: 229)* +- šŸŸ„ 25 minutes in: $207.88 / 182,86 ā‚¬ *(volume: 221)* +- ā¬œ 20 minutes in: $208.35 / 183,27 ā‚¬ *(volume: 122)* +- šŸŸ„ 15 minutes in: $208.35 / 183,27 ā‚¬ *(volume: 119)* +- šŸŸ„ 10 minutes in: $208.63 / 183,53 ā‚¬ *(volume: 97)* +- šŸŸ© 5 minutes in: $208.66 / 183,55 ā‚¬ *(volume: 87)* +- šŸŸ© 0 minutes in: $208.35 / 183,28 ā‚¬ *(volume: 82)* +- šŸŸ„ US close price: $207.18 / 182,25 ā‚¬ *($207.50 / 182,53 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 1.1368. 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! +Hereā€™s a project that Iā€™ve been a part of since day one. SHEESH has assembled a team of 20+ to work on every possible area ranging from Admins/Mods, Dev, Design, Strategy & Promotion. + +SHEESH TOKEN: 420m supply ā€“ Market Cap 2mil +/- + +Dev: Aaron Doh - Followers: TikTok 5.7M, YouTube 400k, Twitter 300k, Instagram 500k + +&#x200B; + +[https://www.tiktok.com/@aarondoh](https://www.tiktok.com/@aarondoh) + +DYOR and check out the socials below to make an informed decision: + +[https://t.me/sheeshtokenchat](https://t.me/sheeshtokenchat) + +&#x200B; + +Biggest News: + +&#x200B; + +1. Just listed on CoinGecko: [https://www.coingecko.com/ro/coins/sheesh-it-is-bussin-bussin](https://www.coingecko.com/ro/coins/sheesh-it-is-bussin-bussin) + +&#x200B; + +2. A new Minecraft Server in going to be launched! This server will include a donor shop. All revenue from this shop and, as of right now, all future game server shops will be split into two ways: + +a. The first 50% will be going back into liquidity to keep Sheesh bussin'. + +b. The 2nd 50% will be going to reoccurring expenses such as, domain expenses, server upkeep, advertisement costs, etc. As mentioned in the Ask Me Anything there is work being done to create a direct platform that allows you to buy from these shops via Sheesh! + +&#x200B; + +4. Just listed on Stocktwits and will be in front of a huge audience of investors. + +&#x200B; + +5. In talks with a number of exchanges. + +&#x200B; + +The dev is a big influencer, with his entire senior team being publicly doxxed on the SHEESH whitepaper: [https://sheeshtoken.com/whitepaper.pdf](https://sheeshtoken.com/whitepaper.pdf) The project has genuine long-term potential which Aaron is intending to use his social media reach to promote with the first official influencer having been onboarded and many more to follow in the coming weeks : + +&#x200B; + +Spice King - Followers: TikTok 12M, YouTube 230k, Instagram 113k + +&#x200B; + +[https://www.tiktok.com/@spicekingcam](https://www.tiktok.com/@spicekingcam) + +&#x200B; + +[https://direct.me/spicekingcam](https://direct.me/spicekingcam) + +&#x200B; + +This brings us onto both further marketing plans as well as roadmap for the project. SHEESH Token will be used for: + +&#x200B; + +1. A link between the gaming world ā€“ both competitive/entertainment and crypto. This will include competitions and tournaments and now servers, with multiple tournaments being successfully completed and prizes paid. + +&#x200B; + +2. Influencer community engagement token ā€“ giveaways, merchandise sales, fan engagement, NFTs, etc. + +&#x200B; + +SHEESH is strongly intertwined with the world of influencers, the medium-term marketing strategy is mainly driven through social media partnerships. Aaron is in talks with many content creators and influencers, specifically in the crypto space. + +&#x200B; + +By May 20th, there will be a revamp and redesign of the website, branding, and whitepaper. The team has recently deployed a number of graphic designers to update and polish an already attractive site. + +&#x200B; + +I have a stake in this project and itā€™s in mine and the Sheesh Token communities best interest for you to join in, but please be aware, like every crypto project there are potential ā€˜risksā€™ and we have outlined them below: + +&#x200B; + +1. Real Use Case will not be successfully implemented - non-trading related traffic will not use the token and it can only grow off hype (ie. Like Safemoon or Doge). + +&#x200B; + +2. SHEESH TOKEN and itā€™s community not being able to generate enough hype/marketing through their network of influencers and partnership deals. + +&#x200B; + +Assessing the likelihood of the risks will be in your best interest as the investor, so I urge you to DYOR before Investing. + +&#x200B; + +HOW TO BUY: + +&#x200B; + +Never follow any Pancake links of random Redditors! + +&#x200B; + +Go to the website [https://sheeshtoken.com/](https://sheeshtoken.com/) and follow their official links. There is also a quick guide on how to buy. + +&#x200B; + +LINKS: + +&#x200B; + +Ƙ Contract: [https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c](https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c) + +&#x200B; + +Ƙ Telegram: [https://t.me/sheeshtokenchat](https://t.me/sheeshtokenchat) + +&#x200B; + +Ƙ Discord: [https://discord.gg/Ssq8MdwQ2w](https://discord.gg/Ssq8MdwQ2w) + +&#x200B; + +Ƙ Token Twitter: [https://twitter.com/SheeshToken](https://twitter.com/SheeshToken) + +&#x200B; + +Ƙ Token Website: [https://www.sheeshtoken.com/](https://www.sheeshtoken.com/) + +&#x200B; + +Ƙ Roadmap: [https://i.imgur.com/Rm0bTIs.png](https://i.imgur.com/Rm0bTIs.png) + +&#x200B; + +Ƙ White paper: [https://sheeshtoken.com/sheesh.pdf](https://sheeshtoken.com/sheesh.pdf) + +&#x200B; + +Ƙ Bogged chart: [https://charts.bogged.finance/?token=0x7E5d52C3335C91Af0da392BEa4BB9e43F2AbA62C](https://charts.bogged.finance/?token=0x7E5d52C3335C91Af0da392BEa4BB9e43F2AbA62C) + +&#x200B; + +Ƙ CoinGecko: [https://www.coingecko.com/ro/coins/sheesh-it-is-bussin-bussin](https://www.coingecko.com/ro/coins/sheesh-it-is-bussin-bussin) + +&#x200B; + +Ƙ Liquidity locked: [https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958](https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958) + +&#x200B; + +Ƙ Subreddit: r/SheeshToken/ + +&#x200B; + +Ƙ Twitch: [https://www.twitch.tv/sheeshtoken?sr=a](https://www.twitch.tv/sheeshtoken?sr=a) + +&#x200B; + +Ƙ Stocktwits: [https://stocktwits.com/SHEESH\_Token](https://stocktwits.com/SHEESH_Token) + +&#x200B; + +I am confident about this Token and in the SHEESH Team. Paired with the low market cap to the following on social media, this makes a great entry point. Don't miss out, DYOR and I hope we see you in the SHEESH TOKEN community! +Hi all. + +These last couple months have been big in terms of changes. First, I did my taxes for the first time in my life. I ended up getting $4100 back. I gave my fiance $1000 of that (hes a SAHD), spent some of it on groceries, and put the rest in a Money Market (0.15% apy) account through a credit union. I decided I wanted to stop living paycheck to paycheck, and the first step was to avoid spending money just because I have it. + +The second big thing that happened was my fiance and I realized that we both had an eating disorder (binge eating) and that we needed to change that. I also joined a friendly weightloss challenge and have lost almost 25 pounds in a little over a month! I'm set to win the $247.50 jackpot this Thursday (of which I put $10 in). My fiance has also lost around 25 pounds. We feel GREAT. + +One thing I didn't expect from this challenge was seeing how much money we had freed up. My first check of the month, I was able to pay all our utility/medical bills, put $500 in savings, and still have $500 left over. My next check will go towards rent with about $150 left over and then the check following that will go to bills and savings again. + +I am stoked to finally have money lying around and I had this idea to open up a few different savings accounts with different benefits/apy's. It probably sounds weird, but I was going to put money into them at the same time as I paid my bills just to try and make me forget about the money. I also like the idea of having multiple accounts so that if something happens to one, I'm not fucked. + +I was digging around for more info on savings accounts and suddenly I was bombarded with posts/comments saying that it's dumb to put money into savings, that because of inflation that money will lose it's value, etc. I'm a bit heartbroken. Here I thought it was *good* to save, but apparently not? What am I supposed to do with my money if I shouldn't put it into savings? +Hi all. + +These last couple months have been big in terms of changes. First, I did my taxes for the first time in my life. I ended up getting $4100 back. I gave my fiance $1000 of that (hes a SAHD), spent some of it on groceries, and put the rest in a Money Market (0.15% apy) account through a credit union. I decided I wanted to stop living paycheck to paycheck, and the first step was to avoid spending money just because I have it. + +The second big thing that happened was my fiance and I realized that we both had an eating disorder (binge eating) and that we needed to change that. I also joined a friendly weightloss challenge and have lost almost 25 pounds in a little over a month! I'm set to win the $247.50 jackpot this Thursday (of which I put $10 in). My fiance has also lost around 25 pounds. We feel GREAT. + +One thing I didn't expect from this challenge was seeing how much money we had freed up. My first check of the month, I was able to pay all our utility/medical bills, put $500 in savings, and still have $500 left over. My next check will go towards rent with about $150 left over and then the check following that will go to bills and savings again. + +I am stoked to finally have money lying around and I had this idea to open up a few different savings accounts with different benefits/apy's. It probably sounds weird, but I was going to put money into them at the same time as I paid my bills just to try and make me forget about the money. I also like the idea of having multiple accounts so that if something happens to one, I'm not fucked. + +I was digging around for more info on savings accounts and suddenly I was bombarded with posts/comments saying that it's dumb to put money into savings, that because of inflation that money will lose it's value, etc. I'm a bit heartbroken. Here I thought it was *good* to save, but apparently not? What am I supposed to do with my money if I shouldn't put it into savings? +With the rest of the worlds markets starting the days off -3% and getting worse. The US stock markets are climbing from -2% or -1%. + +I've seen worse red days on the US markets because it's a god-damn Tuesday. + +I just do not understand it in anyway. Please someone help me understand what the hell is going on. +I watched a game developer rant on usage of nft that are admittedly stupid (bringing nft items from any game to any other completely different game for example), but he never talked about doing that within single games, or digital game downloads as nft themselves. + + + + +It was a long rant to slam NFT by poking holes in the worst concepts, because most people already don't know what they are, or the benefits, or if they are only getting the worst idea fed to them as if that's all there is to it. + + + + +Frustrating. I'm no NFT expert, but I have been a software developer for a long time and I can try to answer questions to help clear the FUD. +TLDR: Fight your war and do not distract others from theirs. But remember our enemies enemies are our friends. + +First and foremost I need to reiterate I am balls deep in GME. 99% to 1% AMC + +Sorry AMC peeps, even though I believe you guys will squeeze. + +This is no longer about a squeeze and this whole subs knows it. GME has turned into a revolution. + +Also this is all pure speculation based off the patterns I've seen over the past few months. + +This by all mean should not be taken as financial advise. I just found out how to use the internet today. + +With that aside + +The media is trying to divide us. We don't trust the media for shit. When we see something that confirms our bias we get suspicious and they know this know. + +The rich keep us divided thru the media. This is reverse psychology. By pushing us the AMC squeeze they want us to distrust them. They want people to paperhand out of AMC into GME and VICE VERSA. + +THEY WANT TO CREATE FUTURE PAPERHANDS. + +If you believe in AMC stick to AMC hold on to it do not paperhand even if the rocket takes off first + +If you believe in GME stick to GME hold on to it do not paperhand even if the rocket takes off first + +I truly believe AMC will squeeze but it won't be as big and that is fine there is nothing wrong with that. + +GME is the revolution the MOASS and its what I believe in + +What ever you are in it for its up to you but stick to your beliefs. + +I will not paperhand out of GME into AMC. + +and AMC people shouldn't either. It defeats the whole purpose and you will ruin it for others. + +Just hold to your beliefs and the DD you've read. + +Also I think its best we all stay in our own community + +GME is the r/Superstonk that is all you will find here + +AMC belongs in r/AMCSTOCKS + +But we need to stop bashing each other. That is what they want. + +Ape no fight ape + +Ape no distract ape from their fight + +sorry about my grammar or mistakes +Hello! + +So after a conversation with one of my wealthy clients he had me wondering about the validity of his stance. But obviously he made it big so I figured he is at least partially right (guy is a bit odd/senile at this point so thought maybe what he is saying is not the whole story). + +&#x200B; + +I took to excel to compare the growth of the value of capital invested in rental real estate VS. the same capital invested in an investment. + +I picked the following base values: + +**Rental purchase:** + +400k purchasing price with 5% cashdown (20k) + +5% average mortgage rate + +1% average yearly increase in property value + +200$ a month goes into the property (covers maintenance and occasional vacancy months) and is adjusted for inflation over 25 years. + +Rent covers the cost of owning the house + +Rent is increased 1% yearly + +**Investment:** + +Equivalent of cashdown is invested initially (20k) + +200$ a month in added to the investment and is adjusted for inflation over 25 years + +5% average return + +&#x200B; + +It seems like the same capital investment, no matter at which point in time (provided you keep the property at least 5 years) is worth a lot more if investing in rental property. + +&#x200B; + +You can see in the picture the comparison. + +Top row is as described above. + +Bottom row is if you take any net gains from rent to pay off mortgage quicker. Net gains come from the rent increase (whereas the mortgage payments remain the same). + +Progress in time is in 5 year increments. + +&#x200B; + +Did I miss something here or is the rental a much better investment (although more time consuming and involvement required)? + +[Comparison of investment vs. mortgage at 20k investment + 200$ a month](https://i.redd.it/utvkkjssea831.png) + +&#x200B; + +[Comparison of investment vs. mortgage at 20k investment + 400$ a month](https://i.redd.it/gtn3zyt4ga831.png) + [https://ca.finance.yahoo.com/news/bank-canada-cut-rates-end-2019-capital-economics-152607141.html](https://ca.finance.yahoo.com/news/bank-canada-cut-rates-end-2019-capital-economics-152607141.html) + +&#x200B; + +We can't even afford a 1.75% rate lol sad +https://www.wsj.com/articles/u-s-economy-grows-at-2-3-rate-in-first-quarter-1524832800 + +I found this article rather interesting today. As most know, the GDP recently beat estimates, although still slowed month over month. While a good gdp is never bad, slowing rate of change is a bigger concern. Looking into this article however has me a little more concerned about something else, which plays into a lot of my other general thoughts on the economy right now. + +**Consumer Spending Dropping and Inventories Rising?** + +Consumer spending dropped off a cliff. That's a problem since consumer spending largely drives the economy. Given, consumer spending on services is still strong, but consumer spending on goods is not ideal. The interesting thing here is that the GDP didn't drop because inventories rose significantly, signaling that a lot of the GDP was driven by increased business spending activity, partially a result of the tax cuts. + +The issue here, is that inventories are at least somewhat dependent on consumer spending. If consumer spending continues to stay low, then businesses will stop adding to their inventories for obvious reasons, and that component which is keeping GDP high will drop out. I assume that the inventory spending was largely in anticipation of a boom in consumer spending after tax cuts were put into place. + +Either way, there is clearly a lot more complexity here, so take this at least somewhat with a grain of salt, but I found this worth sharing for anyone here who doesn't necessarily have the rosiest forward picture of the economy right now. + +**Edit for Clarification:** The consumer data I reference is a little more than half way down in the chart. You'll notice a big drop off in consumer goods spending (not services) compared to last year's averages. This is also a rate of contribution to GDP, so I should have worded the title here better. +Out of college I joined a financial services company. The gig was fabulous. I was able to pitch to senior executives, run my own projects and develop my business skills. + +To match my excitement I purchased a $140,000 condo, a bunch of new clothes and drove around town in a brand new car. + +But in this new found independence I ā€˜forgotā€™ to invest in my 401k plan. To be completely honest, after two years of education at a top Boarding School, four years at a top University, and growing up in a loving and supportive family my reaction was: + +ā€œEh, Whatever.ā€ + +Stupid decision for a kid right out of college right? + +Einstein once called compound interest the eighth wonder of the world. The reason is because if I had contributed 6% of my salary along with my company match for those three years and never touched it again I would have $400,000 by retirement. Thatā€™s right, $400,000. + +It wasnā€™t a just stupid decision, it was a monumentally stupid one. + +I lost close to half a million dollars by being lazy. + +Sadly, this is the case for many people as the r/personalfinance group talks about often. + +There's a simple plan you can execute quickly that will save you the money I lost. + +- Call your HR office and ask them about their 401k plan. Ask them specifically "how can I automatically contribute a portion of my salary into a low cost index fund?" + +- Follow the steps they provide you to auto enroll + +- At the very least sign up for contributing 1%. Everyone can give 1% of their salary. + +- If you get overwhelmed by choosing the investment option go with a target date mutual fund (e.g., "Vanguard's Target Date 2050 Fund") + +I recommend sitting down and doing this all in one sitting. It will take 2 to 3 hours. But man, it's one of the best things that you can do for your family. +Many people write options and like to close their trade at 50 pct gains, which is great, but there are better ways to take the gain without closing the trade, thus accessing additional profit for the same capital risk. Let's use hypothetical prices here to simulate what I'm talking about. + + +Let's say you wrote the 100.00P on a stock and received $10.00 a contract. After weeks of holding, your contract is now worth only $5.00. Great, you take 50 pct gains, but, there's a way to take your gains WITHOUT closing the trade. Consider BUYING a long put that creates a bull put spread that has a max loss of $5.00. + + +Again, using hypothetical prices, a trader can buy the 96.00P for $1.00. This would be a $4.00 wide spread with a cost of $1.00 for a potential max loss of $5.00, the same amount as the cost to close your 100.00P. + + +Let me further explain using basic accounting journal entries assuming a cash balance of $0.00. +What most traders do: + + +Day 1:Write the 100.00P for $10.00 and receive $1,000. +Day 2: Buy it back for $5.00 for a net profit of $500. The cash balance in the account is $500. + + +What you should consider doing: +Day 1: Write the 100.00P for $10.00 and receive $1,000. +Day 2: Buy the 96.00 P for $1.00. This is a debit of $100. Cash balance is $900. +Day 3A: If the stock goes below $96, your broker will buy and sell the stock for a net difference of $4 a share, or $400 loss. The cash balance in the account is $500, again, the same amount had you closed the put on day 2. +Day 3B: If the stock remains above $100, the option should expire worthless. Cash balance is $900, which is $400 more. + + +This trade allowed you to access the rest of the theta without closing the trade for the same capital risk. + + +Those that can access a reward ABOVE the risk to reward ratio will gain a huge advantage in the long-run. Remember that turning an uncovered put into a spread will increase the buying power to almost the same amount as closing the entire trade, and so, there's actually very little difference, aside from commissions, that make closing a winning trade not the best choice. +Hi kids, people have been asking me to post more examples of my trades, I thought I'd show one I'm closing today. I opened 3 Iron Condors on Tesla, 7 DTE. Tesla was $1,050 at the time, even though it went up $100 since then, my call side is still decaying nicely. I sold the $1,000 puts, which is super close to ATM, I felt my risk was the call side, not the put side. I made approx $3,500 initially, but now closing it for $600 or so. A nice $2,900 gain to start the year. I'll probably open another 3 Tesla IC, but I'll move the call side up, just to be safe. I left myself enough BP to add contracts/roll if I need. + +&#x200B; + +https://preview.redd.it/u5j5pwoxiw981.png?width=1403&format=png&auto=webp&s=0fa895759d03aac248a830bd1a83d9ae3d92920d + +Edit: I'm only doing an IC to reduce the BP for Tesla, I would do strangles if it didn't need so much $$. I know $100 strike wide means I have a $10K loss for each IC, so $30K total on each side. I have enough BP to roll or add contracts to manage, I'll either roll up or down, still keep the same expiration, ideally rolling up/down for breakeven so I can exit the trade overall at a gain... hope that's not too confusing. + +&#x200B; + +Edit: Edit: timed it pretty well considering SPY is dumping, Tesla down $65 from when I posted this. Good timing. I'll open another IC on Friday for 7 DTE. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I have a credit put spread 8/14 at 102p/95p with received credit of $2.49 and current price is $5.50 with DTE 8, as of now loss at 122%. never expected FSLY would've gone down that much. What is my option other than close the put spread now? +Title says it all. Everyone that's complaining about the current situation should move their business over to Bitstamp for stated reasons. Plus they are fully regulated and licensed in Luxembourg, which means multiple audits every year, and they hold most of their holdings in cold storage. I think it's one of the best exchanges for Bitcoin's ecosystem. + +I'm not shilling for them, my reason for posting this is because I want to motivate users of this sub to stop just complaining and start being more proactive - we should all show our fuck you to those exchanges that doesn't care by moving our business to those that care. +The startup I (38 m) cofounded recently got acquired. + +The last 5 years were hard as fuck. I've had month-long stretches of 60-100 h workweeks, managed a burnout, danced with depression... It's been a fucked-up rollercoaster ride. I've had a few crunches where I stayed at the office working non-stop for 40 hours straight. My mental health took a beating. + +That being said, my role in the company has diminished and over the last year as I somehow managed to stop being on any critical path. The company has hired great people and good leadership. I can now focus on projects I kind of enjoy doing, with a lot less pressure. I've been working 20-30-40 hours for the last 6 months. It's a radical change of pace for me. + +My SO also got pregnant and we're expecting our first child in a few months. With the sale of the business, I was expecting to have to keep working for 24-36 months but somehow it appears that I'm free to resign. + +I received 7m (pre-tax) for my shares. I'm also expecting 750k+ in next 24 months (\~500k escrow release + earn-out bonus between 250k to 1m). I'm expecting to pay \~2m in capital gain tax this year. + +I'm currently living in a LCOL area. + +* Currently earn \~100K +* My SO (now on parental leave) \~50K +* Yearly expense \~80K + +I plan to keep working until delivery, but then, I'm not sure. I expect the newborn to be a ton of work. Current plan is for my SO will take at least 1 year off. I might just go on leave for 3 months and reassess? It sort of scares me to leave my job to be honest. I fear being home with my SO and a newborn might be hard on morale after 6-12 months? + +Financially, I currently I sit 100% cash. I want to enter the markets and I'm looking at DCA'ing over the next 6-12 months, but this is really stressful. I managed to find active management at a local bank that will manage my money at very advantageous AUM rate (via an UHNW investor in our startup), but I'm afraid we enter a bear market just as I invest. I'm looking at 75/25 stock/bond split right now. + +Any advice on a) when to fire, b) when to invest, or anything else? +I'm interested to know if anybody has any insight on Robotics and Automation as an investment? Is there anybody on here particularly bullish about the sector who can share some knowledge? + +I've held traditional tech investments for a while now and i'm considering splitting a portion of my tech holdings off to invest into a robotics fund such at the L&G Robotics and Automation Index Fund: [https://fundcentres.lgim.com/uk/en/fund-centre/Unit-Trust/Global-Robotics-and-Automation-Index-Fund](https://fundcentres.lgim.com/uk/en/fund-centre/Unit-Trust/Global-Robotics-and-Automation-Index-Fund) + +They seem to have started it earlier this year and its just gone live on a few brokers in the UK. + +My general thoughts are that the automation supply chain is going to see massive growth going forward. Not neccesarrily all the huge businesses that will benefit from automation, but those who are supplying them. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +https://www.ig.com/uk/news-and-trade-ideas/where-next-for-aston-martin--200602 + +Aston Martin was forced to take action and began looking at pricey debt packages to prop the business up ā€“ until it finally found a saviour in the form of Canadian Formula One (F1) billionaire Lawrence Stroll. + +Stroll is known for backing luxury brands such as Tommy Hilfiger and Polo Ralph Lauren, and oversaw the IPO of Michael Kors, but he is also known in the automotive space. He once had interests in Ferrari dealerships and is also involved in F1 with a stake in Racing Point F1, and he has links to several other carmakers. + +Stroll led a consortium of investors that managed to gain the support of both the board and shareholders, successfully fending off a rival offer from Chinese carmakerĀ Geely. + +While Geely, which owns Britainā€™s Lotus and Swedenā€™s Volvo, as well as a stake in Daimler, was hoping to fold Aston Martin into its growing list of brands, Aston Martin opted for Strollā€™s offer that is set to make Aston Martin a more sustainable business - having been bankrupt seven times during its history. + +Stroll takes advantage of Aston Martinā€™s vulnerability + +Originally, Stroll and his consortium offered to pay Ā£4 per share to take a 16.7% stake and provide Aston Martin with Ā£182 million, as well as short-term working capital, under the condition that Aston Martin conducted a rights issue to raise another Ā£318 million from existing shareholders, including Italian outfit Investindustrial and the Kuwait Investment Fund, its two largest investors. + +However, after revealing a ā€˜very difficult yearā€™ in 2019 saw its sales fall and its pretax loss widen, and Stroll admitting the carmaker needed some serious attention, Aston Martin shares began to tumble further ā€“ far enough that Aston Martin was forced to tear up the original terms and allow Stroll to get significantly better terms. + +Stroll and his consortium ultimately put in less money for a larger stake, and existing investors had to contribute more. The group ended up paying Ā£171 million for a 25% stake in the business, at just Ā£2.25 per share. Meanwhile, the rights issue ended up raising Ā£365 million. + +Does Aston Martin have enough money? + +Although the deal was widely supported by investors - with 99% voting in favour of the plan and just 2% not taking up their rights ā€“ questions were still being asked whether the injection was large enough. Net debt was immediately brought down to around Ā£614 million after the investment but leverage still stood at tenĀ timesĀ adjusted long-term earnings. + +Leverage is a ratio between earnings and debt, so Aston Martin needed to not only bring debt down but improve its performance. But that has become much harder as the coronavirus takes its toll, impacting both demand and production. + +Aston Martin reported a 60% dive in revenue in the first quarter (Q1) of 2020, posted a Ā£120 million loss, and withdrew its guidance for the year as it was forced to shut its factories and the coronavirus hit demand, particularly in its fastest-growing segment of China. + +The fact Aston Martin warned it didnā€™t have enough funds to survive the next 12 months so quickly after securing the investment from Stroll and others, having secured a new $100 million credit line, is evidence not only that the package wasnā€™t big enough but also the severe impact the coronavirus is having on the business. + +It also highlights what a huge mistake it was for Aston Martin to decide not to raise any money when it listed and only allow existing investors to cash-in. + +Where next for Aston Martin? + +Aston Martin now has new investors, a new board and a new strategy ā€“ all of which it hopes can reinstall confidence in the stock. + +Stroll takes driving seat at Aston Martin + +Stroll has wasted no time in making his mark on the company. He has become executive chairman after replacing Penny Hughes, who oversaw the IPO. Since then, the chief financial officer (CFO) Mark Wilson has gone, a slew of non-execs have resigned and are to be replaced, and chief executive officer (CEO) Andy Palmer has also been replaced by Tobias Moers, who runs the AMG performance arm of Mercedes-Benz. + +Moers will join at the start of August, so until then,Ā Keith StantonĀ - who was heading up manufacturing -Ā is taking charge as interim chief operating officer (COO). + +Although many of the old board, especially Palmer, had been credited with turning Aston Martin around before listing the carmaker, all of their hard work was overshadowed by its poor performance during life as a public business. For Stroll, it was clearly inconceivable to justify management that had overseen a company with a share price that listed at Ā£19 per share and was valued as low as 30p within just 18 months. + +The change in management, particularly the appointment of Moers, has raised hopes that they can make a difference. During his tenure at AMG, he managed to propel the unit to the forefront of Mercedes Benz by raising its profile and quadrupling sales. + +Aston Martin to scale down ambitions and focus on core strengths + +Stroll and his new team intend to ā€˜resetā€™ the business with the aim of making it ā€˜one of the pre-eminent luxury car brands in the world'. However, the new chairman told the Financial Times that this would involve taking ā€˜one step back before taking five steps forwardsā€™. + +The ā€˜immediate priorityā€™ is to address the imbalance between supply and demand in its wholesale segment supplying dealerships. This will allow it to return to higher selling prices after being hit by the oversupply. The average selling price in the Q1 was just Ā£98,000 ā€“ a third less than the Ā£149,000 posted a year earlier. + +Palmer and the old board were already aware of this problem and were taking action, but Stroll and the new team have been far more aggressive with their approach. It reduced the number of cars on forecourts by 428 in the latest quarter, which was double the number it took out in the entirety of 2019. Still, it has warned that wholesale sales will continue to be ā€˜materially lowerā€™ in 2020 as it continues to address the imbalance. + +The new board have also decided to delay the launch of Aston Martinā€™s electric car, the Rapide E, which was supposed to start shipping to customers this year. + +Despite being close to being completed, the firm doesnā€™t intend to launch the new model until 2025 to ease the companyā€™s finances, and has also pushed back the relaunch of the Lagonda brand until at least 2025 from the original goal of 2022. + +This will free up funds to invest in a new UK-built, V6 hybrid engine and a string of new mid-engined cars, led by the Valhalla and Vanquish, that can take the fight to Ferrari, with a view of launching the former in 2022 with the latter to then follow. Aston Martinā€™s mid-engined cars, based on the Valkyrie, have been described as ā€˜crucialā€™ for the companyā€™s revival. + +It will also see Aston Martin return to racing for the first time in 60 years. Strollā€™s Racing Point F1 team will become the Aston Martin Works F1 team under a ten-year deal that will start in 2021. ā€˜This will give us a significant global marketing platform to strengthen our brand and engage with our customers and partners across the world,ā€™ Aston Martin said. + +Ties with other carmakers will also be solidified. German outfitĀ Daimler, the owner of Mercedes-Benz, already supplies engines to both Aston Martin and Racing Point, and will therefore see its relationship go to a new level, especially following the appointment of Moers as CEO. + +All eyes are on the DBX in the short term + +The new bosses at Aston Martin have tweaked the carmakerā€™s ambitions over the mid to long term, but its success over the immediate future still lies on its first ever SUV, the DBX. + +The newest model has fuelled its financial problems as it had to build a new plant in Wales to make them at a time when costs were rising and spending needed to be reigned in. This is one of the reasons why Aston Martin has had to raise such significant amounts of debt and equity over the last 18 months. + +But, it is what Aston Martin is pinning all of its hopes on. A successful launch is the ā€˜most pressing objectiveā€™ in 2020 as the new type of car will widen the companyā€™s appeal, particularly in fast-growing areas like China, and revive the unimpressive sales Aston Martin has achieved of late. + +Despite the coronavirus having temporarily stopped work at the new production plant, things are back up and running and Aston Martin remains on schedule to start delivering the first DBXā€™s before the end of June. + +The release of the new car will mean Aston Martin should find it easier to reset the business. For example, it will only produce DBXā€™s that have been ordered to ensure demand follows supply to avoid suffering the same problem with dealerships again, which should put it more in-line with other luxury carmakers. + +It is important to note that demand for Aston Martin cars directly from customers has remained strong, just not enough to offset the severe decline in wholesale. Retail sales ā€“ as in those made from direct orders ā€“ were seeing double-digit growth before collapsing as a result of the coronavirus this year. + +Plus, demand for the DBX has been ā€˜better than for any previous modelsā€™. It began taking orders in November, and so far it has secured over 2000 orders ā€“ the majority of which are directly from customers rather than through dealerships. + +That means its order book is already stretching into 2021, giving it a firmer and more certain outlook to deal with. If the DBX proves to be as a success as hoped then Aston Martin intends to build upon it by releasing new derivative forms from 2021. + +Having been let down so badly, investors will be keeping an eye on delivery and execution of the DBX and its other new models over the coming years. The DBX has to succeed if the carmaker wants to achieve its others goals and although demand looks solid, the uncertain economic picture going forward will cause concerns. + +Where next for Aston Martin shares? + +The rights issue sent Aston Martin shares to new lows and although they have found higher ground since then, they still remain historically low. Although new investors, a new board and a new strategy has gone some way in reinstalling confidence in shareholders they will be waiting for results before getting carried away. + +The next set of results will cover Q2 2020, which Aston Martin has already warned will be ā€˜very painfulā€™ as the brunt of the coronavirus impact will be felt. Fortunately, demand in China has started to return and Aston Martin will be hoping more economies will reopen in time to embrace the launch of the DBX. + +Earnings were already set to be second-half weighted because of the DBX as well as its new special models, and it will be hoping coronavirus wonā€™t be causing as much havoc by then. + +Investors are not expecting a quick fix ā€“ because there isnā€™t one. Although Stroll and his new team have a proven track record they will have to demonstrate their ability to deliver, particularly on the DBX, before they are rewarded. The Q2 results are likely to be dire, but investors will pay more attention to the progress of the DBX and its financial position than anything else. + +If everything goes to plan then the second half of 2020 should be the start of a turnaround, with the launch of the DBX underpinning its plans to rival Ferrari, launch into F1 and regain its prestige in the market. + +Brokers will also be key in setting the expectations for Aston Martin shares going forward. The substantial changes to the business and the resetting of its share price following the rights issue means most brokerā€™s current view on the company and its prospects are out of date, particularly their target prices. + +According to London South East, only one broker has updated their view on Aston Martin since the changes, with Deutsche Bank restarting coverage on the stock with a 45p price target on 27 April. + +Investors should expect more brokers to restart their coverage of Aston Martin and these will go a long way to setting the expected price range of shares over the coming months. In terms of clients here at IG, all of them are long on the stock as of 2 June and are expecting the stock to rise in price. +Does anyone have experience buying UK gilt directly from Computershare platform? If I expect high inflation and I don't want to depend on varying prices in global bonds market, is it a viable alternative? Is it possible to sell the gilt before maturity, in case I need the money early? What are the extra costs? +Im a relatively new investor, starting out around a year ago with additions to my portfolio from what I save each month from my salary. Being an absolute amateur, I decided to try a robo-advisor, Moneyfarm. They aim to ā€œactivelyā€ manage a portfolio constructed from passive ETFs. + +Now after reading more and having watched the performance of my own portfolio, I am still unsure if staying with an advisor such as moneyfarm or creating my own set of passive ETFs is better. It appears to be common knowledge that passive investing is better than active in the long-run but thatā€™s in reference to a specific index. + +My question is: as an amateur without the time, knowledge, or resources to decide what is the best asset, geographical, and currency exposure is, would using a manager that actively invests in passive funds based on where they think the best asset/geographical/currency-related growth be better than just parking it in a portfolio with a similar weighting of a single global equities ETF and a single global bonds ETF? + +I guess my question could be rephrased as: does the evidence showing active managers donā€™t beat passive funds apply to managers whose only ā€œactiveā€ behaviour is deciding the relative asset, geographic, and currency weight of a portfolio? + PRESALE LIVE [https://dxsale.app/app/pages/presale?saleID=213](https://dxsale.app/app/pages/presale?saleID=213) + +we raised over 100 bnb within the first hour of presale. + +This will be the next safemoon gem! + +Do not miss out in this opportunity of a lifetime to 100x your investment. + +PooExchange is not affiliated with poocoin chart system. What we have here is an innovative exchange platform + +This is a 100% deflationary token. We will be doing quarterly burns which will benefit holders. + +No tax and No BS. + +We are currently going through an audit. KYC compliant! + +Influencers videos being released prior to presale. This will not last long! Hop on this rocket as we explore the galaxy. + +PooExchange is your one and only PooToken platform. Consumers will be able to register and open there own account, link outside wallets and more. + +Join our TG channel PooExchangeApp + +Follow us on Twitter. + +See you on the moon šŸ§ØšŸ‘€ + +Buy: [DxSale.app](https://dxsale.app/) ([https://dxsale.app/app/pages/presale?saleID=213](https://dxsale.app/app/pages/presale?saleID=213)) + +Website: [pooexchange.app](https://pooexchange.app/) + +Chart: [https://pooexchange.app/charts/](https://pooexchange.app/charts/) +We have not had good applicants from Facebook. They are not qualified and typically very desperate/aggressive. Our plan is to have our Facebook listing redirect to Zillow and require a Zillow application. Weā€™ve found the qualified applicants are only on the real estate websites. + +Whatā€™s your experience and strategy to marketing rentals? +See title. We can scream about no NINJA loans, higher credit scores, etc. - but is spending over half of your take-home pay on housing wise? + +A Seattle realtor told me that that was pretty typical for the first-time homebuyers she dealt in 2021. +**Here is [Version 4.1](https://i.imgur.com/Vlt0DOR.png)** + +Please read the flow chart entirely before commenting since some redditors have been commenting or PMing of missing items; sometimes itā€™s just buried deep. + +Please provide *constructive criticism* where I will evaluate for the next version; if itā€™s needed. If you provide details on what exactly youā€™d like changed and provide justification, that can be sufficient to persuade me. + +I hope I fixed the viewing for mobile users if not, I am sorry. I think it depends on what app or interface you are using. + +I'll be traveling tomorrow so I don't know if I have much time to make another iteration, but I am quite happy with this version. + +I haven't received any word from moderators if they wanted to put this in the sidebar or anything, so I'll just assume that it'll be stored in a post format for people to reference then. + +I hope you enjoy! + +**Version History**; for those interested. + +[Version 1.3](https://i.imgur.com/z0gEbme.jpg) + +[Version 2.0](https://i.imgur.com/pyKHXuy.jpg) + +[Version 3.0](https://i.imgur.com/sTi1eI2.jpg) + +[Version 3.1](https://i.imgur.com/o18MmOP.jpg) + +[Version 4.0](https://i.imgur.com/3esnRyb.png) +Brisbane steaming ahead.. must be a lot of people still buying up here.. But how long can Brisbane keep up house price rises? + +What does 2022-2023 look like for Bris? + +On track for 2.9% growth this month. +Brisbane steaming ahead.. must be a lot of people still buying up here.. But how long can Brisbane keep up house price rises? + +What does 2022-2023 look like for Bris? + +On track for 2.9% growth this month. +Hi everyone, + +Iā€™d like to hear from more experienced investors their thoughts on the question of my post. I began investing in July 2019, near the tail-end of an abnormal bull run. I learned a lot about my investing style and risk tolerance in March when I invested more into the markets. + +Now it seems things have settled down (at least relative to the panic six months ago), and with the posts on this sub returning to more general topics, Iā€™m wondering if weā€™ve ā€œbalancedā€ out the two extremes of a long-term bull run and a financial crisis-type shock to reach normalcy in the markets (in the sense that optimism and pessimism appear in equal measure). + +Does my question make sense? My investing career has been short but wild. Iā€™m just now looking to manage my expectationsā€”this is what they mean by staying the course at all times, right? +Apparently 70% of crypto movements have been "wash trading".source: [https://www.cber-forum.org/cryptowashtrading](https://www.cber-forum.org/cryptowashtrading) + +What is Wash trading? + +A crypto currency/coin is just an crypto secured code. Does nothing. Just cryptographed code.So you see the listed market price for a coin? + +Basically you can make them go up or down with bidding a higher price then the listed price and executing the trade. (establishing a new market price) + +So someone launches a coin, then they open two or several accounts. And they simply buy the coin, by moving money from one account to the other. Pushing up the listed market price... So it was worth 0$ then now they've moved it up as much as they could with all the money they had.Obviously, if the market price gets high enough they can no longer afford to move the price up past $100 if they can only move $100 back and forth between two accounts, buying and selling it. + +Someone else see the market price and says wowwww the price is going up I better buy. Then they simply sell them coins at the price. It gains momentum when people keep buying into it then when the price is high enough and they see not much more people are buying into it, they simply selll allllllll the coins they have stored pushing the price down to 0 to capture all of pending bid prices. And leaving people who bought these "coins" with a code with a listed market value of 0.This is essentially how "rug pulls" work. (i.e. the Squid Game token going to 0 and countless others) + +But is bitcoin/ethereum etc. operating the same way????Here is a live trading dashboard of bitcoin: [https://www.binance.com/en/trade/BTC\_USDT](https://www.binance.com/en/trade/BTC_USDT)See how trades are being executed multiple times a second, setting the listed price. I believe it is the same but on a much wider scale. + +Look here, at one point, bitcoin crashed to 8k from 65k, because one of their traders "made a mistake". source: [https://finance.yahoo.com/news/bitcoin-briefly-crashed-87-8-143639198.html](https://finance.yahoo.com/news/bitcoin-briefly-crashed-87-8-143639198.html) + +More evidence of wash trading of bitcoin here, notice how bitcoin/ethereum listed price move in lockstep despite being "completely different coins with completely different real world applications" ? [https://www.youtube.com/watch?v=Hvn5uFyow2k](https://www.youtube.com/watch?v=Hvn5uFyow2k) + +They need you to buy into it for a reason. Hence, the heavily promoted lies, and aggressive marketing. Of course, they seem to need you to buy but never sell. + +When the price of bitcoin/ethereum tanked hard, a lot of these exchanges literally shutdown, there by locking people out of their accounts, preventing these people from selling and effectively stealing people's money... They've (coin base, kraken, kukoo etc.) have done this numerous times this year. + +So I ask, if you're "investing" in this heavily marketed, energy draining, digital code, with no real world benefit to the economy are you really just playing the game - buy in and dump on others before the people with large amounts of money can dump on you or is there some kind of real economic driver driving up the price of these coins? +You warned us in January that what we are doing could have broken the system. We didnā€™t understand what it was you spoke of then, but now we understand. Your fault was thinking we cared. + +Weā€™ve worked all our lives to build your coffers and endow your progeny with riches, and youā€™ve laughed at us from above and pushed us all further into poverty because of your unrestrained greed. Letā€™s not beat around the bush, you *wanted* us to live in a capitalistic society - You built up your house of cards, high up, up, into the sky so that the peasants couldnā€™t reach you. The issue about paper houses is that when they catch fire the smoke will rise and suffocate you before you escape. + +Ask and beg for help, the bailouts will not come anymore. The technology exists to replace you. Your time is over, and itā€™s time for you to accept that. When the dust settles, we will rebuild and your era will live in history books. + +Sincerely go fuck yourselves, + +The 99%. +My partner and I are well off- we have good salaries and live a good life. We are both approaching 30s so thereā€™s questions about do we want kids or not in the future. I know that having kids is a sacrifice, but I am just wondering how the hell can regular people afford to have a child or more than one! and still have money for a mortgage and for all the other costs in London? Especially if they donā€™t have family around to help with the childcare while they work?! It is just not financially viable to have a couple of kids, pay off a mortgage and still be able to enjoy life! +For the past 6 months I've lost sleep, neglected loved ones, argued with parentals, and spent way too much time bickering with strangers. + +I'm not exactly sure why, but today was different. + +Today I spent quality time with my family. I drank lots of water. I made dinner with my girlfriend. I even walked around the mall and didn't get childish levels of giddy when I saw a bunch of people at GameStop. + +And when I finally did check (I caved when I realized I hadn't seen it all day) I looked at the price and thought "awww, 204... That's cute" and closed my phone. + +I guess this is what it feels like to be a full grown Diamond handed ape. + +I buy the dips with glee and I hold the rips with pride. And I don't care how long it takes. I like the stock and I'm not selling anytime soon. +Every weekend I see people posting the "Sunday gains" threads. There, we've seen plenty of people going from <10k to a 6 figures account. You will want to remember that there are 1.3 million people on this sub, and not everyone is posting their gains. + +For every person that turned 10k into 100k, there are hundreds of people who burned through their 10k and left. Don't feel like you're "not good enough" because someone made 10x gains in two months. These people are very rare and certainly not the norm. +1) Flows from active to passive funds increased to nearly $500 billion in the first half of 2017. + +2) This trend is frightening, as it may prevent active managers from helping to stabilize markets. + +3) Passive funds also have a risk of "cascading", amplifying market downturns +http://www.cnbc.com/2017/07/10/passive-investment-is-frightening-says-morgan-stanley-strategist.html +This is potentially a repeat of what we saw in 2020, when markets crashed and then recovered as we got vaccine programmes in place. + +Unless this is literally the end of the world, life will go on in one way or another, and markets will adapt and continue to do their thing. I suspect crypto markets will do exactly the same. And if we are watching the end times, well what have you got to lose? + +This could present a great buying opportunity if the same pattern occurs again. + +The challenge is of course trying to get in at the best price. But if you work on the basis it's a flash crash, timing is probably not hugely important. +Hey there! šŸ‘‹ + +I have mostly lurked and occasionally commented, but I felt like it was worth posting this DD because I havenā€™t seen anyone else post about it yet. + +Iā€™m sure everyone has already seen that a bunch of banks are selling an *assload* of bonds. Buy why? Is it because the Fed isnā€™t offering ~~infinite money glitches~~ exemptions past this month? Or is there a *deeper fucking reason?* + +Guess what all these banks - the only banks selling billions of dollars in bonds - have in common? + +They all have positions in GME. + +[Bank of America sells $15 billion in bonds](https://www.google.com/amp/s/www.marketwatch.com/amp/story/bank-of-america-tops-charts-with-15-billion-bond-deal-the-biggest-ever-from-a-bank-11618606409) + +Yeah, I know itā€™s from MarketWatch. Bear with me (pun not intended). + +Okay, so that seems like a suspiciously large amount of money that they ā€œsuddenlyā€ needed on Friday (announced after market close, standard fuckery manuever used during the 2008 crisis). They apparently needed it for ā€œgeneral corporate reasons.ā€ Or maybe... + +[March Bloomberg Terminal Drop](https://preview.redd.it/p9f1c97762p61.jpg?width=1920&amp;format=pjpg&amp;auto=webp&amp;s=697cfd5c71e0fa2dade4f5e8e5fef0b50f7907cb) + +Courtesy of u/RogueYorkShire, this Bloomberg terminal drop shows put positions reported in December. AFAIK, these are reported quarterly and I donā€™t have access to a BB terminal to show this quarters so this is what I had to work with. + +Ruh-roh, is Bank of America on there? + +Bank of America has 5,500 put contracts in GME, they are lucky number 13 with Melvin Capital being 1st obviously. They also have shares. + +But that was just one bank that sold a bunch of bonds and coincidentally had a huge position in GME, right? + +[Goldman Sachs sold $6 billion in bonds](https://www.google.com/amp/s/www.barrons.com/amp/articles/goldman-sachs-bank-america-jpmorgan-bonds-dividends-51618602441) + +*Oof.* Looks like Goldman Sachs is number 12 on the list of institutions with GME puts. + +But wait! Thereā€™s more! + +[More institutions with GME puts](https://preview.redd.it/qjzidc7762p61.jpg?width=1920&amp;format=pjpg&amp;auto=webp&amp;s=7b9c4422d1788a1c03c905615727d41e05cd706c) + +[JP Morgan Chase sells $13 billion in bonds](https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/jpmorgan-sell-13-billion-bonds-184602000.html) + +JP Morgan Chase is #29 on the list! They had puts on GME too! + +*Holy. Fuck.* + +Guess who else has GME puts? Take a look at number 28: *Credit fucking Suisse.* + +TL;DR a bunch of banks are selling everything that isnā€™t nailed down because they have skin in GME and know *something* is about to happen and/or are getting ready for a feeding frenzy now that the Fed isnā€™t letting them print infinite money. + +They gotta pay us our tendies. šŸš€šŸš€šŸš€ + +Edit: spelling + +Edit 2: As pointed out by u/Significant_Pirate84, I mistakenly put March as the reported date. The screenshot was taken in March but the shorts were reported in December. If another ape could post more recent short positions I will update my DD accordingly. + +Edit 3: Since I snort crayons, these are apparently put positions not shorts. The short positions are obviously wayyyyyy higher, but itā€™s still odd that these 3 banks with lots of puts and shares decided they needed cash the same day. +First things first if you lost money going against Elon its fucking well deserved. + +For all the crying I hear about the fUnDaMeNtAlS not adding up, that is the lie you tell yourself to justify getting your ass destroyed. +Let's not act like fundamentals is the sole factor that drives all stocks. + +The truth is you traded TSLA on raw fucking emotion and this is what you get for going against Elon. Your stupid ass said "wow TSLA is uppy alotty so it must come back downy." Solid fucking DD your ass got rapey. Congratulations. + +How the fuck can you 100% give a value on a company that has no direct comparables and don't give me that GM Ford bullshit. + +Say it with me "Tesla is not just a car company" + +Fucking say it out loud, I see you just reading. SAY IT! + +It's funny how some of you fucks will ride a meme stock to the high havens but look at TSLA and start talking about value. Fucks. + +Imagine trying to explain to your future child about how you lost a shit ton of money on TSLA because fundamentals.... Little Jimmy will be looking back at you rockin his Tesla prosthetic legs and call you a fucking idiot. + +The point, stop shorting TSLA don't borrow the stock sell it, don't buy puts, don't sell calls, just fucking quit. + +Overall if you cant understand TSLAs move, which most people can't just don't trade the fucking stock. Stay away, you don't have to trade what you don't understand. +Property is a good investment if the land becomes more and more valuable over time. For many cities, this is the case because of population growth through birth and immigration. There is an area where there is significant economic activity and so there is a value in being near this area. So this means people are willing to pay money to secure land close to the city, and more people entering creates even more value, and so on and so forth. + +However, economic activity occuring in geographic space is now being threatened by economic activity occuring in virtual space. "Land" in virtual space is unlimited and almost free (except for server costs, etc). Whereas in the past we needed a physical market to trade good and services, nowadays this trading can occur over Amazon, eBay or similar platforms. + +This highlights the benefit of low cost globally diversified index funds over property investing. Property investing is like owning one stock. If you own eg Ford, you are at risk of being a victim of innovation because of electric cars or hydrogen cars. Value moves from Ford to companies like Tesla. However if you hold a globally diversified set of indexes, the holdings adjust according to market capitalisation. If value moves from Ford to Tesla, the index fund will hold more Tesla rather than Ford. Likewise if property is being disrupted by online platforms, the value will move from land to tech stocks. A globally diversified set of indexes will capture this, but one property investment will not capture this. + +Of course, people need to live somewhere, and so there will be value in land, but you only need to look at property in rural areas to see that land is cheap. You can buy a house for $100k in the country town of Minyip in Victoria, and the value does not go up. What gives property value in high growth areas like Melbourne and Sydney is being close to general economic activity eg jobs, knowledge etc, but as more of that is moving online, the need for property close to cities diminishes. +***UPDATE: After going back and forth with the credit union I was pretty much told they were not going to check into the counterfeit bills and that any resolution I would get I would not be happy with. Word for word the branch manager said "You're not going to be happy with any resolution we come to." I told him okay, but I'm filing a complaint to the NCUA and filing a police report and terminating my business. The call ends, then a few hours later I get a voicemail saying to send a copy of the receipt from Bank of America showing the confiscated bills. I do this and then two days later my funds are restored. I am satisfied with this result enough to cancel my complaint, although there may be other bad bills in their circulation, and did not close my account. I still sort of feel like closing my account after that line the branch manager gave me, but it's too much a hassle and I have other things to worry about. + +Moral of the story: first off don't be an idiot like me and use cash to pay your rent, and second if you stand your ground and don't take no for an answer you can work things out.*** + +Last weekend I went in the bank and withdrew $385 to pay my rent with. I went hiking and got pretty wet in the process, my wallet included. The bills looked like they got ink soaked in some spots, so I set them out to dry. When they dried I thought they were suspicious and held them up to the light to see if the hologram was visible and it was. I used to be a gas station clerk and if someone paid with these bills they would have looked real to me, so I dropped them in my landlord's deposit box. +A few days later I get a call from her saying my $100 and $50 bill was counterfeit and confiscated by her bank and reported. I immediately call my credit union and explain the situation and they say they will look into it. I call again the day after (yesterday) and "control" is off during the weekends but the lady said in short that it was not possible to prove the bills came from the credit union and that they could not help me. +I'm dumbfounded by this. The banks are the ones who are supposed to catch fake money, not give it out. I can see how with the double handling of the cash they would not authorize my funds being returned, but it just makes me angry this happens. +Most people I've talked to about this ask if maybe the landlord is the origin of the counterfeit bills. I was suspicious of the bills after they had soaked and had a sort of ink stain to them and she said I was the only tenant out of the two who paid in cash that used large bills. +At the very least IQ credit union will no longer be seeing my business. Is there anything I can do? +EDIT: Alright, jeez, I'm not going to pay with cash anymore. I thought it would save my landlord a bit of processing time and paid cash as a courtesy. Still, regardless of the reason a bank should not give out counterfeit bills. I know this is all based on my word which is why I'm just going to have to eat the loss. Expensive lesson. +That was 21 days ago... since then +-gme Twitter force awakens +-moass tweet, gme moon tweet etc +-RC tweets from Washington GameStop +-Speculative Cohen/SEC meeting +-GameStop stops tweeting +-GameStop.com open for business in EU, UK and some of South America. + +Prior to this, they were releasing new and info on average weekly. And now silence. And that silence is getting loud. + +And before you say blackout period, those prevent executives from buying/selling a stock prior to earnings based on insider info. Does not prevent a company from releasing material corporate announcement. +I took a long absence from reddit and recently returned. + +Last time I was here the general consensus was bullish for AQN. + +About 7% of my portfolio is tied in at an average of around $19. + +Are people on here optimistic for it's future? I heard they had a deal with a kentucky producer that seems to keep its price low nowadays. + +Thoughts on AQN? +Would love to hear any thoughts/advice on this TFSA portfolio with 75k room! + +15k XAW (has US s&p 500 exposure + international) + +15k XGRO (has US & Canada total market +INtL plus bonds) + +5k TEC.to (US and some Canada Tech) + +5k ZUH.to (US healthcare I think will increase, hedged didnā€™t seem bad given a low CAD currently which may increase over next few decades maybe.) + +5k XIC.to (Large Canadian companies = big banks and big energy) + +7.5k VRE.to (May go down further, but this gives 300 shares thus every month dividend will scoop an extra share) + +5k AC (Iā€™m a believer this will come back..) + +6k ENB (double energy exposure sort of since XIC has this, but solid company long term hold) + +5k AQN (renewable future hold) + +4K EIF (long term airline manufacturing dividend) + +2.5k MFC (life insurance from a large diversified company, I think may have least upside but big banks are already in XIC) + +Goal is to keep a nice base and move money from ETFs to quality stocks every year or so for the next few decades. Will contribute to bonds and more dividend stocks in two decades. No RRSP for now but will add US dividend stocks like RDS in the next 1-2 decades and gradually keep TFSA for Canadian stocks. + +Cheers! +Cineplex is currently taking huge dumpster losses. This impacts their value, but they get a deduction that can be used in future years. Thus, if and when this Covid situation normalizes, their earnings should be approximately some income tax bracket percentage higher than normal. How much does this factor into your guys' calculation of intrinsic value of CGX? + +I guess this also applies to a company like AC as well. + +(Let's ignore that CGX might not even exist in a year or two, but assume that they can return to regular revenue in 2 years) +This rocket is primed for an explosion, we all know it, because we have done the work, and read the DD done by the wrinkly brains on here. + +But other people around you haven't read the same DD and done the research, so they're obviously going to recommend selling when it reaches new highs, so for your own sake, don't talk to anyone about it. + +Me personally, will be distancing myself from the people around me while I wait patiently for the peak to be reached. The people I have been talking to about this on the daily, I've already informed them not to try and influence my decision on when I'm selling. + +Godspeed beautiful apes +I coded a trading bot that currently uses Interactive Brokers API for both data and trades. It is written in python on Linux. It is profitable but occasionally misses fills. It buys at the ask and shorts at the bid with limit orders. If it were able to get these fills, it would be more profitable. + +So, I assume that if the whole process is made faster, it can get better fills. I plan to rewrite the system in C++, but that is a small part of the delay. I am also willing to go with collocation, to reduce transmission times. My trades are all Nasdaq stocks. + +I suspect the big delays are with IBā€™s data and order execution. IBā€™s conglomerated data is notoriously slow. Iā€™m not certain how to time their order execution. + +So, what are good choices for my needs? What brokers and data sources? I donā€™t need the absolute fastest. I just want data and execution that are substantially better than IB. Iā€™m under no delusion that I can compete with the fastest firms. +I'm a recent graduate of a B.A. in Economics. We did work in stats and learned multiple forms of statistical modeling in Python and R, so I have a general understanding of predictive models. + +&#x200B; + +For those who work with profitable algorithms -- retail or institutional -- do your programs involve classical TA indicators, or are you purely crunching price, volume and order book data? I hope you would be kind enough to answer, as I am **not** inquiring any info on your parameters. +It's pretty public (in r/algotrading at least) knowledge in the recent weeks that [polygon.io](https://polygon.io) has and is having a fair share of bugs. + +Those that are still using it, here's another problem- aggregated handling of split stocks. + +[https://polygon.io/docs/#get\_v2\_aggs\_ticker\_\_ticker\_\_range\_\_multiplier\_\_\_timespan\_\_\_from\_\_\_to\_\_anchor](https://polygon.io/docs/#get_v2_aggs_ticker__ticker__range__multiplier___timespan___from___to__anchor) + +When using v2/aggs endpoint, you should only use unadjusted=true where according to docs, "results should NOT be adjusted for splits". The results will display past data as unadjusted correctly. + +`Example, SGOL before split at $145, and $14.5 after split since the split factor is 10:1.` + +The issue comes in when you try unadjusted=false, (which means adjusted=true) and at least for the ticker SGOL, polygon will fail at math and SGOL before split will be a whopping $1450 instead. + +This and other past mentioned issues makes [polygon.io](https://polygon.io) frustrating to work with, and it's kind of concerning that alpacahq is using them as a data provider. Personally what I hate the most is the lack of bug reports and updates. All I've seen from personal interaction and read from public responses are "solutions are coming" and no indication of timeline, and if anyone would be notified when they are fixed. This is completely untenable as a data provider. + +Tagging u/Jack-PolygonIO to step up their game. + +\*\*EDIT\*\* + +Secondarily, the stock splits endpoint can contain missing json parameters. E.g. AAPL does not have `declaredDate`, `tofactor` and `forfactor`, which means there are at least two different API responses to account for the same endpoint. + +AAPL + + {"status":"OK","count":3,"results":[{"ticker":"AAPL","exDate":"2014-06-09","paymentDate":"2014-06-09","ratio":0.14285714285714285},{"ticker":"AAPL","exDate":"2005-02-28","paymentDate":"2005-02-28","ratio":0.5},{"ticker":"AAPL","exDate":"2000-06-21","paymentDate":"2000-06-21","ratio":0.5}]} + +SGOL + + {"status":"OK","count":1,"results":[{"ticker":"SGOL","exDate":"2019-11-04","paymentDate":"2019-11-01","declaredDate":"2019-10-11","ratio":10,"tofactor":1,"forfactor":10}]} + +\*\*UPDATE\*\* + +The above issue, specifically for SGOL appears to have been silently fixed. +šŸ”„ $TIKI Token - Earn 10% BNB rewards every hour! +šŸ”„ Certik Audited +šŸ”„ TIKI Swap +šŸ”„ Staking Imminent! +šŸ”„ Huge Upcoming Marketing Campaign + +TIKI Token is the original and first project on the BSC Network that introduced automatic payouts of BNB rewards every hour to holders. Just buy TIKI on Pancake Swap or simply use the TIKI Swap, hold your tokens and BNB rewards are automatically sent to your wallet every hour. + +TIKI Token is the real deal for long-term holders. No need to manually claim rewards, no need to keep track on payout times. Many copy-cats have tried to do the same system using TIKI's source code, but they all failed - while TIKI is doing stronger than ever. This is a 2 months old, Certik Audited and rug-proof project with 24/7 active admins, a skilled dev team, aggressive daily marketing and a huge supportive community on Telegram and Discord that grows every day. + +TIKI Token launched 2 months ago, so it's basically still a very early project with low market cap, roughly 10K holders and huge x100 potential for the next weeks and months. Get on it now, start staking your TIKI Tokens when the feature goes live enjoy huge hourly BNB rewards! + +āœ… BTC + BUSD (stable coin) rewards coming soon +āœ… #Staking imminent - starting any day now! +āœ… #Certik Audited project +āœ… Auto-Reinvest feature coming very soon +āœ… Conversations with big - that means very well known - centralized exchanges (CEX)! +āœ… Huge upcoming marketing campaign when staking starts! + +Details About TIKI Token: + +$TIKI is the first of its kind, a unique automated BNB reflection token, enabling holders to benefit greatly from hourly automated reflection straight into their wallet, how convenient šŸ˜Ž Holders can also easily view and keep track of their reflections through an eye catchy TIKI Dashboard. The Dashboard also allows holders to view forecasted reflection based on not only future volume but also on forecast of reinvested rewards. As a TIKI holder you can also manually claim your rewards at any time without waiting by just clicking one button on the TIKI Dashboard. + +To be clear: TIKI is not a SafeMoon Fork or a copy of another project. The code is written from scratch and audited. They have their own contract and this is the first of its kind! You know what this means... ;) Another excellent element of this project is the dev team, who are constantly and consistently finding ways to better the token through unique innovation, always attempting to differentiate TIKI from other coins on the market. + +Check out Crypto God's YouTube video about TIKI Token: +[https://www.youtube.com/watch?v=xDBoK9CCs8E](https://www.youtube.com/watch?v=xDBoK9CCs8E) + +TIKI Tokenomics: + +\- 1 Billion Total Supply +\- 10 % Auto BNB Distribution +\- 5% LP + +Telegram: [https://t.me/tikicommunity](https://t.me/tikicommunity) +Website: [https://www.tikitoken.finance/](https://www.tikitoken.finance/) +YouTube: [https://www.youtube.com/channel/UCu5bEBcgJ0O5vZRMf3rUa\_A](https://www.youtube.com/channel/UCu5bEBcgJ0O5vZRMf3rUa_A) +Ryan has a verified youtube channel with 4 youtube videos, all interviews.. These videos give us a rare view of his perspective and philosophies. I have rewatched these videos and everytime it validates my belief in his vision and gamestop. Sure we all enjoy him and the memes. But we really do have a chairman who cares about his customers and shareholders. He is a genuine human and these 4 videos are evident not only he cares, but he knows EXACTLY what he is doing in the consumer sector. + +For your tinfoil bias needs these 4 videos are the only ones uploaded, 3 on June 27 2019, 1 on August 13 2019. Not a single video since. Description of the videos provide additional tit jacking. No way this has been in the works since 2019 has it? RC's letter to gamestop board was NOV 2020. A full year later. + +Either search for Ryan Cohen on youtube for his verified channel or link below. + +https://youtube.com/channel/UCCO3cB9Slo6P2ZFpEofztaA + +Obligatory - Buy hold DRS +After 5 years I sold my cash flow business. After taxes next year, I expect to be just shy of $2MM in net worth. +29, DINK, VHCOL city. We spend around $150k/year so it's not even enough to retire, let alone fatfire. + +Sale closed first week of January (we were aiming to close by December for taxes, but it didn't work out), so I've had time to process. Took a 2 week vacation to celebrate with my partner, but they have a corporate job so life is sort of back to normal. Except it kind of feels like I'm unemployed (because I am lol). + +I'm not depressed, I have a therapist and a great support network via friends and family. I have plenty of hobbies and interests. But what I really want to do is get back to entrepreneurship, and I am at a complete loss for what to do next. My last (and only) business was something I just kind of stumbled onto and got lucky, I have no desire to stay in that niche. + +At first it felt like I was being healthy and processing, but after 5 months, I kind of feel like a bum. What do I do now? I'd really love to hear from folks who've been through this process already. +I am doing this again, because I hate seeing people get fooled over and over by these horrible news articles that are obviously preying on misconceptions by people in other cultures. + +So I am here to break down exactly what the recent Rueters article is trying to do to people who donā€™t understand how the Korean banking system works. + +Now, before I moved to Korea, I too was naĆÆve about their banking practices. If I saw an article saying ā€œThe steps will include a ban on opening anonymous cryptocurrency accounts and new legislation to allow regulators to close virtual coin exchanges if neededā€ I too would be confused by misunderstanding. + +But, what exactly does this mean? Opening cryptocurrency bank accounts? How does that happen in Korea? In America, I only have 1 bank account. Maybe two. And how do I open one anonymously? + +What Reuters is doing, and it knows it, is failing to explain Korean banking systems in general. + +So, in Korea, it is very common for businesses to open temporary bank accounts for customers. These are called ā€œvirtual bank accounts.ā€ They are not real or tied to any specific name. ā€œVirtualā€ (this is important to understand) Often, these bank accounts are open for only 24 hours, and they are anonymous. People can go to the ATM, transfer the exact amount to that account, and pay for items online. Even Gmarket allows users to do this. It is another, easy way to pay for things securely, online. + +Now, Bithumb allows this as an option (one of several) in order to deposit Won into their website. These bank accounts are generated on the spot, and are only open for 3 hours. In that span, you can go to an ATM, send your Won to your anonymously generated bank account, and it will show up on Bithumb. You can also issue a ā€œvirtualā€ account that is linked to your actual bank account, and takes additional verification processes. + +I am not sure how Korbit/Bithumb do this, but I do have a ā€œvirtual accountā€ with them, but it is linked directly to my name, which matches exactly with my already submitted government id. I would assume that Korbit/Bithumb are already taking these measures, and have been. It could also be that the government wants to get rid of virtual accounts entirely, but I would imagine, as long as it is not anonymous, they will keep on issuing accounts. +And even if these ā€œvirtualā€ accounts, which are not anonymous, are banned, Bithumb and Korbit will start using a system similar to Coinbase. + +Here are some images to show you how these accounts are handled at Bithumb: https://imgur.com/a/BkAKP + +I will say this: I had a more difficult time signing up with Bithumb than I did on Coinbase, and this was before any regulation was even mentioned in Korea. Speaking for Bithumb, I can assure you, they plan to follow every regulation, and may already have the necessary information to comply. + +I can not make a virtual account anonymously. It must match my gov. id name, which Bithumb has a record of. + +I can not deposit money unless it comes from a bank account registered in my name. I even had to submit a copy of the ATM receipt which matched the date and time of my deposit. + +Bithumb has copies of my government identification and my passport. When I withdraw into a bank account, that account must match the same name on these documents, or my deposit will not work. + +Based on this new FUD, Bithumb, and most likely UpBit and Korbit are already following these regulations completely. + +Now, letā€™s drop the FUD ridden, 2 paragraph Reuters article, and look at some MUCH more informed pieces about this news, from Korean sources. + +1.) http://english.yonhapnews.co.kr/national/2017/12/28/0301000000AEN20171228005600315.html +Notice how this short article spells out clearly the regulations and ends by stating exactly wonā€™t be affected by it. ā€œonly real-name bank accounts and matching accounts at virtual currency exchanges can be used for deposits and withdrawals, while the issuance of new virtual accounts to cryptocurrency exchanges will be banned.ā€ So, ā€œvirtualā€ accounts, which are what I described above, is clearly what is being regulated. And they must match the ā€œreal nameā€ of the users. + +And we have people here claiming that no one in Korea can make a new account on any exchanges. And then they go on to say Korea is starting to shut exchanges down too. + +The Korean government is saying that, IF exchanges donā€™t comply, they will begin enforcing it and shutting them down. They will start looking to make sure that places like Bithumb are no longer issuing virtual accounts, and requiring real-name bank accounts on their platform. Bithumb will comply. Korbit will comply. UpBit will comply. They will compete to comply quicker. These regulations are no different than what Coinbase went through. + +2.) http://news.naver.com/main/read.nhn?mode=LSD&mid=shm&sid1=101&oid=008&aid=0003985407 +Another Korean source which is also very clear on what the government said. It clearly states that exchanges wonā€™t be issued ā€œvirtualā€ bank accounts anymore, and it will need to move to an ā€œactual nameā€ system. New customers must register with their actual bank accounts. It then goes a step further and explains why, stating that it would be more difficult to trace any money laundering if a temporary account was used to buy crypto. + +I am not here to argue whether this is good or bad. But we have people on this sub-reddit who simply donā€™t understand what ā€œbanning new virtual accountsā€ means. And Reuters did not do itā€™s diligence, like the other articles I posted here, in explaining what ā€œvirtual accountā€ means. And they know it. + +Stop being fooled! +___________________________________________________________________________________________ + +UPDATE!!!!!!! + +I have a copy of the letter recently sent by Coinone to all its customers. It confirms exactly what I stated above. + +- All minors are banned from investing +- All Foreigners who do not live in Korea will be banned +- Virtual account creation will stop TEMPORARILY on Dec. 29th, and they will switch to a "real name system" +- They are not banning all new Virtual accounts. The System will just update to link REAL NAME to the created accounts +- Coinone seems happy to create a healthy crypto ecosystem +- Korea is not China!!! + +The letter (and please forgive their rushed translation. I think they sent this out very quickly): + +Coinone ź³µģ§€ģ‚¬ķ•­ +ź°€ģƒķ†µķ™” ź±°ėž˜ģ‹¤ėŖ…ģ œ ģ ģš©ģ— ėŒ€ķ•œ ģ•ˆė‚“ + +2017ė…„ 12ģ›” 28ģ¼ ģ—“ė¦° źµ­ė¬“ģ”°ģ •ģ‹¤ź³¼ ģ •ė¶€źø°ź“€ė“¤ģ˜ ģ•”ķ˜øķ™”ķ ź“€ė Ø ķšŒģ˜ģ—ģ„œ [ź°€ģƒķ†µķ™” ķˆ¬źø°ź·¼ģ ˆģ„ ģœ„ķ•œ ķŠ¹ė³„ėŒ€ģ±…]ģ“ ė°œķ‘œė˜ģ—ˆź³  ģ£¼ģš” ė‚“ģš©ģ€ ė‹¤ģŒź³¼ ź°™ģŠµė‹ˆė‹¤. + +1) ź°€ģƒķ†µķ™” ź±°ėž˜(ź°€ģƒź³„ģ¢Œ)ģ— ėŒ€ķ•œ ģ‹¤ėŖ…ģ œ ģ‹¤ģ‹œ +2) ź°€ģƒķ†µķ™” ź“€ė Ø ė²”ģ£„ ģ§‘ģ¤‘ė‹Øģ† ė° ģ—„ģ¤‘ ģ²˜ė²Œ +3) ė²•ė¬“ė¶€ģ˜ ģ”°ź±“ ėÆøģ¶©ģ”± ź±°ėž˜ģ†Œ ķģ‡„ ģ˜ź²¬ ģ œģ•ˆ + +ģ“ģ— ģƒźø° ėŒ€ģ±…ģ— ė”°ė„ø ź° ģ‹¤ķ–‰ģ‚¬ķ•­ģ„ źøˆģœµźø°ź“€ģœ¼ė”œė¶€ķ„° ģ „ė‹¬ė°›ģ•˜ź³ , ķ•­ģƒ ģ•”ķ˜øķ™”ķģ˜ ź±“ģ „ķ•œ ģƒķƒœź³„ ģ •ģ°©ģ„ ģœ„ķ•˜ėŠ” ģ½”ģøģ›ģ—ģ„œėŠ” ģ“ė„¼ ģ¤€ģˆ˜ķ•˜ģ—¬ ģ‹œķ–‰ķ•©ė‹ˆė‹¤. ź³ ź°ė‹˜ė“¤ź»˜ģ„œėŠ” ģ•„ėž˜ģ˜ ź°€ģƒķ†µķ™” ź±°ėž˜ģ‹¤ėŖ…ģ œ ģ‹¤ģ‹œė„¼ ģœ„ķ•œ ź°€ģƒź³„ģ¢Œ ė° ģ“ģš©ģžź²© ė³€ė™ģ‚¬ķ•­ģ— ėŒ€ķ•“ģ„œėŠ” ė°˜ė“œģ‹œ ģˆ™ģ§€ķ•“ģ£¼ģ‹œźø° ė°”ėžė‹ˆė‹¤. + +ģ²«ģ§ø. ź°€ģƒź³„ģ¢Œ ģ‹ ź·œ ė°œźø‰ģ“ ģ¼ģ‹œ ģ¤‘ė‹Øė©ė‹ˆė‹¤. + +ģ •ė¶€ģ˜ ā€˜ģ‹¤ėŖ…ķ™•ģø ģž…ģ¶œźøˆź³„ģ •ģ„œė¹„ģŠ¤ā€˜ģ˜ ė„ģž…ģ„ ģœ„ķ•˜ģ—¬ ė†ķ˜‘ź°€ģƒź³„ģ¢Œ ė°œźø‰ģ“ 2017. 12. 29(źøˆ) 24:00 (ģžģ •) ģ“ķ›„ė”œ ģ¤‘ė‹Øė©ė‹ˆė‹¤. ģ‹ ź·œź°€ģž… ė° ź³¼ź±° ģ‚°ģ—…ģ€ķ–‰ ź°€ģƒź³„ģ¢Œ ģ“ģš© ź³ ź°ė‹˜ė“¤ź»˜ģ„œėŠ” ė°˜ė“œģ‹œ ģœ ģ˜ķ•“ģ£¼ģ‹œźø° ė°”ėžė‹ˆė‹¤. + +ė‘˜ģ§ø. ėÆøģ„±ė…„ģžģ™€ ė¹„ź±°ģ£¼ģž(ģ™øźµ­ģø)ģ˜ ź±°ėž˜ź°€ ģ œķ•œė©ė‹ˆė‹¤. + +ģ½”ģøģ›ģ—ģ„œėŠ” źø°ģ”“ ģ•½ź“€ģˆ˜ģ •ģ„ ķ†µķ•“ ėÆøģ„±ė…„ģž(ė§Œ 19ģ„ø ėÆøė§Œģž)ģ˜ ź±°ėž˜ė„¼ ģ œķ•œķ•˜ź³  ė²•ģ •ėŒ€ė¦¬ģøģ˜ ė™ģ˜ź°€ ģžˆėŠ” ź²½ģš°ģ— ķ•œķ•“ ģ¼ė¶€ķ—ˆģš©ė˜ģ—ˆģœ¼ė‚˜ ģ“ė²ˆ ź·œģ œģ”°ģ¹˜ė”œ ģøķ•“ ėÆøģ„±ė…„ģž ė° ė¹„ź±°ģ£¼ģžģ˜ ź°€ģƒź³„ģ¢Œ ź°œģ„¤ ė° ź±°ėž˜ź°€ źøˆģ§€ė©ė‹ˆė‹¤. + +- ėÆøģ„±ė…„ģž : ė§Œ 19ģ„ø ėÆøė§Œģ˜ ėÆøģ„±ė…„ģžė”œ ģ½”ģøģ›ģ„œė¹„ģŠ¤ ģ“ģš© ģ „ģ²“ ė¶ˆź°€ +ģ”°ģ¹˜ģ‚¬ķ•­ : 2018. 01. 05. 20:00 ģ“ķ›„ ėŖØė“  ėÆøģ„±ė…„ģžģ˜ ź³„ģ •ģ‚¬ģš© ė¶ˆź°€ +ė²•ģ •ėŒ€ė¦¬ģøģ˜ ķ—ˆź°€ė„¼ ģ–»ģ—ˆė”ė¼ė„ ģ‚¬ģš©ģ“ ė¶ˆź°€ėŠ„ķ•˜ė©° 2018. 01. 01 ~ 2018. 01. 05ģ˜ ģœ ģ˜ˆźø°ź°„ė™ģ•ˆ ģžģ‚°ģ„ ėŖØė‘ ģ¶œźøˆķ•“ģ•¼ ķ•©ė‹ˆė‹¤. + +- ė¹„ź±°ģ£¼ģž : ā€˜ķ•œźµ­ģ— ź±°ģ£¼ķ•˜ģ§€ ģ•ŠėŠ” ģžā€˜ģ“ė©° ā€˜źµ­ė‚“ź±°ģ£¼ ģ™øźµ­ģøā€™ģ€ ź±°ģ£¼ģžģ— ķ•“ė‹¹ķ•˜ėŠ” ź²ƒģœ¼ė”œ ģ²˜ė¦¬ķ•©ė‹ˆė‹¤. ź±°ģ£¼ģ™€ ė¹„ź±°ģ£¼ģ˜ źµ¬ė¶„ģ€ ģ½”ģøģ› ź³„ģ •ģ •ė³“ ė‚“ģ˜ źµ­ė‚“ ė³øģøėŖ…ģ˜ ķœ“ėŒ€ķ° ģ‚¬ģš©ģ—¬ė¶€ė”œ ķŒė‹Øķ•˜ė©° ķ–„ķ›„ ģ •ė¶€źø°ź“€ģ—ģ„œ źµ¬ģ²“ģ ģø źø°ģ¤€ ģ„¤ģ •ģ‹œ ė³€ź²½ė  ģˆ˜ ģžˆģŠµė‹ˆė‹¤. +ģ”°ģ¹˜ģ‚¬ķ•­ : 2018. 1. 2. 20:00 KRWģž…źøˆģš© ź°€ģƒź³„ģ¢Œ ķ™˜ģˆ˜(KRW ģž…źøˆė¶ˆź°€) +ģžģ‚°ģøģ¶œģ„ ģœ„ķ•œ KRWģ¶œźøˆģ€ ģ¼ģ‹œģ ģœ¼ė”œ ķ—ˆģš©ķ•˜ė©°, ķ–„ķ›„ KRWģ¶œźøˆ ė˜ķ•œ ė¶ˆź°€ģ ģš© ģ˜ˆģ • + +ģ €ķ¬ ģ½”ģøģ›ģ€ ź±“ģ „ķ•œ ģ•”ķ˜øķ™”ķ ģ‹œģž„ģ”°ģ„±ģ„ ģœ„ķ•  ź²ƒģ„ ģ•½ģ†ė“œė¦¬ė©° +ģ•ˆģ „ķ•˜ź³  ķˆ¬ėŖ…ķ•œ ģ•”ķ˜øķ™”ķ ģ‚°ģ—…ģ˜ ė°œģ „ģ„ ģœ„ķ•“ ė…øė „ķ•˜ź² ģŠµė‹ˆė‹¤. + +ź°ģ‚¬ķ•©ė‹ˆė‹¤. +ģ½”ģøģ› ķŒ€ ė“œė¦¼ + +Special measure for The Korean government's cryptocurrency ā€˜s speculation eradication +Hello, this is Team Coinone. + +On December 28th, 2017, Korean Office for Government Policy Coordination(OPC) and other government agencies coordinated a conference about cryptocurrency. + +On the conference, [ź°€ģƒķ†µķ™” ķˆ¬źø°ź·¼ģ ˆģ„ ģœ„ķ•œ ķŠ¹ė³„ėŒ€ģ±…](Special measure for cryptocurrency ā€˜s speculation eradication) is released, and the main thesis are below. +1) Applying real-name system on virtual account which is used on cryptocurrency trading. +2) Penal punishment on crime related to cryptocurrency. +3) Proposal to Ministry of Justice in Korea closing exchanges which are limited to provide such service. + +We received the reaction items based on the conference by financial agencies, and since we always want to establish a healthy ecosystem on cryptocurrency, we respect governmentā€™s decision and will apply to our platform. PLEASE note those policy changes below. + +FIRST. Virtual account issuing for cryptocurrency trading will be CLOSED TEMPORARY. To apply Korean govermentā€™s policy for real-name system, virtual account issuing will be closed after December 29th,2017 24:00(KST). + +SECOND, underaged-minorsā€™ and non-Korea-residentsā€™ trading will be limited. +Currently, Coinone allowed underaged-minorsā€™ trading on limited standard, which is based on legal representativeā€™s agreements, but this also will be limited. + +Details about this information is below +- Underaged-minors: Whole service will not available +- All underaged-minorsā€™ account will be locked after January 5th, 2018 8:00PM (KST) +- All subjected users need to withdraw all asset from January 1st to 5th, 2018.. +- Non-Korea-residents (the one who are not live in Korea. Not Koreans who are live in Korea are not in this criteria) +- Korea-residents/ Non-Korea-Residents are decided by usage on mobile phone country, so it may differ by governmentā€™s details about the criteria +- KRW withdrawals are now allowed temporary, but will be closed(will notify as soon as possible with following notice). + +Again, we promise that we try our best to to establish a healthy ecosystem on cryptocurrencyā€™s market, and endeavor our best efforts to improve safeness and transparency on cryptocurrency industry. + +We always appreciate for your understanding and try our best to our customers as always. +Thank you. + +Team Coinone +ź±°ėž˜ķ•˜źø° +The Future of Finance, Coinone +My parents aren't materialistic people, but love experiences that bring us all together. I'd like to gift them some cool experiences we could all take part in, and I'm curious if you have any recommendations! + +Indoor skydiving, courtside seats, and fancy dining experiences have been such a blast, though vacations are on hold until my parents feel a little more comfortable travelling during the covid situation. + +&nbsp; + +EDIT: Ended up booking a private Aerial tour of Toronto for the family, a digital photo frame I can load a bunch of pictures onto, and a supercar trackday when it warms up a little this spring :) +This isnā€™t another ā€œwhat should the safe withdrawal rateā€ be thread. Iā€™m actually interested in hearing peoplesā€™ opinions about how they have figured what their annual compounding rate will be going forward vs just that 10%ish was the historical rate. The last 80 or so years had several huge things that really pushed growth in ways I donā€™t see many equivalents for happening in the future: + +1. The adoption and widespread use of fossil fuels for industry +2. Women entering the workforce +3. Large growing populations of consumers in the developed world (now we have population collapse coming in most developed and even some developing countries) +4. The invention of the internet and widespread adoption +5. The general slow down of the introduction of ā€œlife changing techā€ (think iPhones being invented vs Apple just releasing a new model every year) +6. Low levels of debt in all categories compared to the record levels we see today all over the world. + +Iā€™m genuinely interested in hearing what people feel will be the big drivers of growth in the next 80 years. I think things like AI, Space Colonization, and a few other things have lots of potential, but I see a lot more things with no wheels like the Metaverse out there as well. Iā€™m not a doomer who thinks there will be no growth, but I am skeptical that we will see the same rates as we did in the past. +Did you reach a certain number? Did sell your business? Or perhaps your kids finished high school? + +For me, it was when I realised I had worked the same amount as an 80 year old average Joe, despite being only 55. +Hey all, I know In this big run up were all looking towards the ETH/BTC ratio of 0.1 and that would be a huge milestone. I just want to remind people of another number, one that would be a truly magic number and that is a ratio of 0.173. As it stands now, this is the ratio of the issuance of ETH to BTC, for those that are unaware there is about 6 (5.76940010778) times as many ETH in circulation as there are BTC. What all this means is that at the moment the ratio hits 0.173 the market capacity of ETH and BTC will be equal, the outstanding value of all ETH will be the same as the outstanding value of all BTC. Anything after 0.173 means ETH is the #1 valued cryptocurrency on the planet. Lets look forward to 0.1 for now, but don't take your eye off the real prize and don't forget that as the flippening approaches there is a good chance that this could very quickly snowball out of control, these numbers can be here sooner than you might think. +A quick list of things to look forward to in the near future for Ethereum. + +- Layer 2 scaling solutions to reduce gas fees (Optimistic roll ups, zkRoll ups, Sidechains are nearing implementation with many beginning to be adopted) +- EIP 1559 to again tackle issues with inflating gas fees. +- Change from Proof of Work to Proof of Stake. Over 100,000 validates have now been successfully running the ETH 2.0 beacon chain for a couple of months now. Thatā€™s over 32,000,000 ETH locked in the security of the network with unbelievable levels of decentralisation. +- Developers continuing to build projects on Ethereum. +- $35 Billion now locked in DeFi on Ethereum based applications. +- NFT markets are exploding in popularity. Many of which are built on top of Ethereum. +- Ethereum is currently completing 1.2 Million transactions per day showing huge usage of the network. + +A dip is a short term pain which we must endure for future success with our investment. If you are aware of these underlying fundamentals of Ethereum the blockchain then your investment into Ether is still a sound one. If you havenā€™t heard of any of these fundamentals that I bullet pointed, a quick google search will lead you to further knowledge about Ethereum. It should go without saying but this is not financial advice I just really like the token. +We should seriously cut the xxx crap. There is no need for that. xxx ape is not superior to x ape. + +Also it opens up a weakness by trying to separate us by the amount of shares that we have into different groups. + +We all apes, and we love all apes. + +Apes remember, BUY HOLD VOTE!! Infinity floor! + +69 + +šŸ’ŽšŸ™ŒšŸ¦šŸš€šŸš€šŸš€šŸš€šŸš€šŸŒ‘ + +Edit 1: after reading all your comments, its amazing how diverse opinions are. There is no right or wrong answer. and i have been more educated on all your different POVs. Which brings me to ā€¦ + +Freedom of speech is above everything. Ape dont tell apes what to do. Apes might recommend and comment, but never enforce. + +If you want to say you are a xxx holders, its your right and nobody should criticize you for that. Just being aware of the situation is good enough. + +All apes are created equal. Some just have more shares than others. + +Peace and enjoy your week. Exciting times! +I work at a warehouse making $34k a year. I have had a college degree in marketing for many years but despite putting in hundreds of apps I canā€™t seem to get hired anywhere ( I graduated in 2007). I donā€™t have any student loan debt but have 10k in credit card debt. + +I am not getting ahead at all. I get a lot of overtime in the summer but now with it being fall and winter coming up overtime opportunities will be scarce for a while. My rent keeps going up and up every year, like most people but I donā€™t get sufficient raises to be able to keep up. I live in a suburb of Atlanta... a working class suburb. + +I REALLY want to change careers and at least double my income. Currently I barely have money left over to put in savings or do much with. + +I have been thinking of going back to school but not sure what area or degree to pursue. My undergrad gpa was below a 3.0 so I donā€™t know if I could get in grad school for something. I was thinking of going to school for something tech related, possibly . + +Is that a good idea ? I have been applying for other jobs but since I have been doing warehouse work for so long , it is hard for me to get a job doing something else and other warehouses pay less than what Iā€™m making now but I am making the max pay I can make in my current position. + +I want a white collar job. How can I improve my financial situation and make it possible to go back to school? I would have to borrow money to go to school as I canā€™t afford any out of pocket costs. +A area where about 5 cars park that's land that I own have been parking there. They don't know that I own the land but they need this area to park. I want to start charging them for it. How would I go about this? Any way to bring it up to them and how much I should I charge would be appreciated. +So I was going through twitter and I saw a post that said " would you accept a 12% risk free return every year" and the replys to that amazed me. Almost everyone said no I couldn't believe my eyes. They all thought that they could do better than that. If they can do better then they should be working for JP Morgan or some big hedge funds earning millions a year. + + +A 12% return every year risk free is amazing I would accept that any day but what do I know. theres people on twitter that are apparently better than warren buffet and they think they can do like 20% every year. +We have arranged to do an AMA with the Superhero brokerage Rep tomorrow, starting 3PM eastern time. + +We have explained that there may be hard questions. I'm sure more than a few of you are as sus as I am of their model. + +Note:This is not the AMA thread. +Hi all, + +I was inspired by the choppy market action to do a write up on losing control when you trade. It's extracted from my blog (no self promote, no links or sneaky sheet), maybe it resonates with you: + +It's about losing and regaining control on the holy grail of trading YOUR trading plan: + +## What Happens When we Lose Control + +Many destructive emotions or situations stir up feelings associated with loss of control. **Some examples of what's happened to me in the past:** + +*You buy a stock, it goes down, you sell it to avoid losing money and it literally goes back up the next second, so you jump back in and it goes down again!* + +Essentially, you are trying to control whether or not you make money. The obvious problem here - **you don't control price.** + +This is probably one of the most common root causes of over-trading. And comes down to a few things: + +&#x200B; + +1. You do not have a trading plan that you understand +2. Emotions are acted on instantly +3. Fear is in the passenger seat and you are trying to gain control of your emotions +4. Your current system doesn't suit your personality + +Trading is so full of paradoxes it would make you sick to your stomach, in fact, it does make some people literally sick to their stomach. The very need for control and our primitive brain Ā is basically wired to stop us from making money. Admitting we don't know where a stock will go is the first step to recovery, and a long road it is. + +**Example 2 (Based on the above):** + +*Holding onto losses in order to avoid the pain of "loss". There are many terms for this, for more info you can look into the disposition effect. Here we have the metamorphosis of a "trader", someone who always tells you when they are winning to an "investor", someone who holds shit stocks while they tank.* + +Again, this ties into control (and ego) which quite frankly are like peas in a pod and feed from one another. + +By trying to control the outcome of a trade, we find all sorts of ways to really fuck up our trading strategy in all sorts of creative ways. The very things we try to avoid, which in "normal life can be easy", in the stock market, are impossible. If your wife/husband asks you if you look fat, you can tell a white lie. If a stock goes down and you own it, no lie will bail you out. + +The stock market doesn't give a shit about how much money we make or lose, it's totally objective. Therefore, saying it's "rigged" or "manipulated" is totally irrelevant because it is rigged for all of us with few exceptions. + +## What we Can't Control + +The reality of trading in terms of control is simple. It's much better to avoid things we can't control as the energy expended in this way removes focus from what we can control. + +Very easy to say but the long term impact will be successful trading or mediocre trading. As it turns out, we can't actually control the entire world - who would have thought! Some examples: + +1. If a stock goes up or down +2. Black Swan events #Rona-19, 2008 +3. How much the central bank prints or doesn't print +4. How governments will react to certain situations +5. Anything to do with the news +6. If country A decides to bomb country B +7. People (long term) +8. Interest rates + +Ironically, the things outside of our control are what freak us out of positions, push us into making rash buying or selling decisions and trigger our fight or flight reactions and derail any half-decent trading plan. + +I will openly admit I spend too much time on what I can't control. When it comes to people, stressful situations and even macro-economics. It is very hard to drown out the inputs from social media, friends, family and others. Even worse still is to avoid holding strong opinions on all of the + +**So What Can we Control** + +All is not lost though. If we could not control any variables in our stock market endeavors it would be pretty damn pointless to trade. The ingredients for success are truly found in the decisions we make in relation to: + +1. When we buy a stock +2. When we sell a stock +3. What strategy we decide upon +4. Our environment +5. How much of whatever we buy or sell +6. The types of things we decide to watch, listen to and or read +7. The people we surround ourselves with +8. The daily habits we create around trading +9. Keeping a trading journal +10. Trading reviews + +The significant difference between what we can and can't control is this little thing called **effort**. + +It takes **significant effort** to find, test, understand and lose money when we start trading, the learning curve really can't be understated. Even worse, those who do well initially end up getting ruined because the precedent is set that "this is easy". That lack of experience always catches up, be it in stocks or any other pursuit. This is the Dunning Kruger effect in action. + +Having logged my trades for a number of years, many patterns show up and repeat themselves most notably in times of duress. For me personally this included the following Ā - for which I now am 100% accountable. + +1. Buying too soon, usually due to FOMO +2. Selling too soon, usually due to fear +3. Buying on tips from Twitter and friends - the worst of the worst, I still fall for this one +4. Not taking trades out of fear + +These are just a few which were underpinned by one major theme: **not following my trading plan.** + +Sure, I still have my days and even months where I have lost control of my process and am tired, sick of everything and slip up. Yes of course, it costs me money every time and if you think I have down days because of it - you are absolutely correct. The real difference now is I know where I am going wrong, that I can improve it and make serious money trading stocks in the long run. **I know what I can and can not control.** + +It all starts with having a clear plan, a very understandable unambiguous trading system, tons of real trades and a meticulous journal to keep track of where you are winning and losing. + +Over time, taking these lessons and reshaping habits, patterns and hang-ups to eventually become consistent and eventually have it down to a performance art. + +The apex of these points is total control over what you do during the trading day, how you can manage your emotion and execute that trading plan. The ability to follow this plan and learn from will either create or destroy potential traders, especially in the long run. + +&#x200B; + +Very long post, sorry - I hope it helps! + +&#x200B; + +EDIT: Wow, so happy this resonates with you some of you. Thanks for the award!! +Big storms heading through our area. + +Found out we have a leak in the roof above the kitchen. Very old mobile home. + +I DIY most things but can't swing roofing. I doubt I could even lift myself onto the roof, let alone actually stand on it to cover anything. + +I'm certain my savings won't even cover half, so guess who gets to pull out a credit card I've been paying down? + +I am so frustrated and can't stop crying. There is no winning. + +I wish we could afford to move. +I know that people talk about investing in industrials, infrastructure, utilities, etc. But I am curious: what are the specific stocks and ETFs that you would invest in now if you knew for sure that 2022 would have slow growth or even a crash. +Title tells 80% of the story, so feel free to ignore the remainder of the post if you're busy/uninterested but really want to share. + +Basically about to make my first investment, and after months of active research (and years of passively dreaming of the day when I had money to invest and thinking about what grown-up me would buy), I'm about to drop five-figures on XEQT. Basically, my investment thesis heavily relies on the efficient market hypothesis. While I do not believe it is strictly true, I believe it is true enough to guide decision making, particularly for a dummy like me who is busy 14-16 hours a day and rarely even opens his computer (i.e. I do not have the ability or time to evaluate business). Basically, I believe there is no chance (beyond regular chance variation) that I can outperform other investors with far greater skills and resources than me, which means I have no chance of beating the broad stock market. My goal is to hold it for 30 years and maintain and grow my wealth for retirement or support my kids when they start their own lives. I do plan to gradually buy more bonds as I get older but my wife's retirement accounts are already really bond heavy (between 30-40%) so I think it's best to bring the bond/stock ratio down considerably by investing in all-stocks for the next few years. + +So, now I'm trying to think of the things I haven't though about; any reasons not to buy these products? +Being new in the stock market I ve been following LSPD downfall. I m tempted considering the 52 week high at 165$ and stocks down at 40$. Any thoughs? Will it go back up? +I swear, the only thing making me bitter now is knowing I had the chance of getting in when it was under $10 and didn't, yet through mining and all the total I've actually put in is under $1.5k and whilst that's amazing. I can't even begin to comprehend how it must be for some of you guys. + +Just mind boggling how ether blew up, and will keep doing so, just kicking myself every other minute for not doing more earlier. +Curious to know what everyoneā€™s thoughts are regarding Play-To-Earn (P2E) games. Iā€™ve done some research on them but I always remembered that the top P2E games (Axie Infinity, Aavegotchi, Sandbox) were way too expensive for the average person to actually make ā€œnoticeableā€ amounts of money. + + +Has anyone had extensive experience playing any decent games, and what are your thoughts and opinions? How can we create a more affordable and ā€œprofitableā€ system to earn? +I understand the market consensus is 10 year up, tech down but there are so many media stories on this that it feels gamed...a lot of money talking this up. Any views? Thanks. +Originally started with robo-advisor (ETFs) as a means to start my portfolio and invest through automatic deposits each month. Now 3 years later I have setup a broker account and began selecting other ETFs and stocks to further diversity my portfolio behind the Robo-advisor choices - choice stock, growth stock, sector specific ETFs, REITs. Beyond this I have never rebalanced a portfolio and have just been reading online to learn. + +Do I stick with a Robo-advisor with 0.6% management fees to handle balancing and rebalancing or do it myself? +Hi .. I'm a 46y old man live in Sweden .. just came across investing idea from a YT video .. after i get my 3 kids ( 2y + 8m twins ) and how the world is turning down .. +so i start thinking that i have to leave something for this kids to stand up on when they grow .. +- Do you think guys I'm late ( depending on my age )? +I have a small amount that i can start with and i will start a DCA plan to add more to my investing .. +I need your help guys with Ideas for a good portfolio .. +Something low risky and with good return .. +It will be Preferably diversified ( equity (diffrent sectors)/bond/gold or selver ) .. hopefully with the etf names .. +All ideas is a good ideas .. thank you guys in advance .. +Right now I have a lot of tech heavy ETFs with QQQ XLK and SCHG. + +I own VOO and am looking to put more into it next time I buy, but what are some non tech heavy ETFs to look into? + +I also want to get some international exposure so I was looking into VXUS. + +Thanks +Hey everyone! + +I'm 23 years old and I've had 7k sitting in my bank for a while (flipped a couple of cars in the past, saved money doing side hustles). Just recently (early December 2019, I discovered investing/ETFs/Robinhood and decided to use that money for long term investing. Heres what yall need to know: + +\-I have a 1k emergency fund prepared (aside from my investing portfolio) + +\-I have zero debt. + +\-I am aiming for a portfolio that is relatively safe (I'm okay with volatility, but don't wanna go all out with REITs and dividend hunt), has some growth, but primarily gives some healthy dividends (3-5%). + +\-I have about 8.5k invested in Robinhood right now in the following ETFs: + +VTI (2.09% yield): 15% + +VGT (0.97% yield): 15% + +SPHD (4.34% yield):20% + +SPYD (5.05% yield): 20% + +VYM (3.31% yield):15% + +VTV (3.01% yield) :15% + +I aim for like 30% growth (hence the VTI and VGT), 70% dividend (hence the other 4 ETFs). + +Based on my math, assuming all of my ETFs don't grow at all (which most likely won't happen), my annual dividend income with this current portfolio is $271.69 (Which I would continue to reinvest back into this portfolio). + +Any and all feedback is extremely appreciated. I'm a newbie to this and from what I know, these are relatively safe for long term investing and still have pretty decent dividend yields. + +Thank you guys so much! +Hi guys, + +So I've seen some ETFs with ridiculously low volume especially for Canadian based ones. My question is, will this affect the liquidity when buying and selling out of that particular ETF? + +I've heard that the volume of an ETF does not matter at all, it is the underlying security of the ETF holdings that matters, is this really true though? + +Let's say you want to buy ZDI, international dividend aristocrat stock and the volume is only like 50k Canadian Dollars total for the day, if it's true that in terms of volume all that matters is the liquidity of the underlying, well what if those markets are closed when you're buying from Canada due to time difference? + +Your money isn't going to the underlying securities immediately, so it's being held somewhere in exchange for those ETFs, so who's providing that liquidity? The ETF company no? So, in certain cases it *does* matter how much volume is being traded no? + +Thanks, + +SimpleRick +I've read somewhere that VNQ pays an ordinary dividend, while VNQI pays a qualified dividend. Is there a way I can check this information? How do I know if an ETF is paying a qualified or ordinary dividend? +The ETF version of some big Vanguard funds has a lower expense ratio. Why is that? + +500 Index Admiral (VFIAX) .04% // S&P 500 ETF (VOO) .03% + +Total Bond Index Admiral (VBTLX) .05% // Total Bond Market ETF (BND) .035% + +Total Stock Market Index (VTSAX) .04% // Total Stock market ETF (VTI) .03% +Just getting started in ETFs at 41 years old. Thoughts? Recommendations? Criticism? + +40% - VOO + +10% - QQQ + +10% - QQQJ + +10% - VXUS + +30% - BND + +I have a solid 401k (as does wife), but would like to put more money away for next 20 years (or so). Just put in a few thousand $$ now and plan on additions of $200-$400/month to maintain percentages as they grow. +I honestly can't find any arguments against allocating most or all of your portfolio to a quality factor ETF rather than an index. Quality gives you exposure to companies with the best balance sheets. These are companies with little to no debt, high return on equity, and healthy and growing YoY profits. These companies can also weather inflationary times better than other companies because they have pricing power over their customers. + +Lastly, the quality factor, apart from delivering healthy returns, is also more defensive than the broad market and goes down less in a downturn. The reason quality stocks go down less is because investors are less worried about them due to their extremely strong fundamentals. + +Quality investing is one level higher up than index investing. The fund managers remove all the crappy companies and construct an index of companies with the best fundamentals. It's not an active approach but semi-passive. My quality ETF is only re-balanced twice annually. +VXUS is a very popular fund, but I feel it's a bit heavy on the emerging markets and while I have nothing against China personally, the current geopolitical climate makes me a little concerned in heavily weighted Chinese companies in this fund. + +VPL offers similar historical performance, ~10% above VXUS since inception. Here's the description from Vanguard's website: + +> Seeks to track the performance of the FTSE Developed Asia Pacific All Cap Index, which measures the investment return of stocks issued by companies located in the major markets of the Pacific region. +> Holds stocks of companies located in Japan (the major index component), Australia, Hong Kong, New Zealand, and Singapore. +> Follows a passively managed, full-replication approach. + +I like it as a bit "safer" int'l exposure and slowly started adding to my position. Just sharing another option, but would be curious to hear other's thoughts. +Which Small Cap Value ETF is best. I picked them from different index's so depending on which company offers them there could be multiple. + +&#x200B; + +Example: SLYV, VIOV + +[View Poll](https://www.reddit.com/poll/mapegm) +Hi everyone, + +Recently set out to create a long-term ETF portfolio. I'm in my late 20s, based in central Europe. Been lurking this (and other) subreddit for some time. + +For the past few months, I've been investing 100% in VT. I was considering mixing VTI/VXUS 60/40, but it felt like VT was the more straightforward choice as I'm starting out. + +As I'll be investing for the next couple of decades, I'm open to high risk, while also wishing to keep a low effort portfolio. + +What are your opinions? Continue with all-in on VT, or is there another approach that would be more strategically correct? + +Appreciate your input! +Global crude prices fell sharply Friday amid a stronger U.S. dollar and investor concern that President Donald Trump's decision to leave the Paris Accord on climate change could spark increased drilling and production rates from American oil companies. +Today we are jump-starting Alaska energy and putting US on track for American Energy Dominance. This order makes #Alaska open for business!," said U.S. Interior Secretary Ryan Zinke on his verified Twitter account after signing an order that could potentially increase oil drilling on the coastal region of the Alaskan National Wildlife Refuge, known as "1002 area", and the National Petroleum Reserve-Alaska, the largest federally-controlled block of land in the United States. +A lot of people on the FIRE path (or otherwise) don't fully appreciate the effect of fees on their portfolio. The fees you pay do not compound with the rest of your investments and so the lifetime impact of fees can be stunning. Here are some scenarios: + +Assume I have $1m invested. At **0.03%** annual fee, I would be paying $300/year in fees. I am 40, and by age 65 my $1m investment has grown to a large value of $10m (assuming the historical long-term average of 10% returns). If it weren't for this fee, my ending account value would be **$85,000** higher! + +What happens if I pay 0.25% or 1% fee (some robo or wealth advisors charge in that range, excluding index fees). That $85k figure becomes almost **$700k** (at 0.25%), or **$1.3M** (at 0.5% fee) or **$2.5M** (at 1% fee)**!** + +This was stunning to me when I calculated it out. Our brain thinks...oh it is only 0.3% or 0.5% or 0.75%...but the $ value is astronomical over a lifetime of investing and for little to no extra value, at least for me. I manage my investments, takes hardly any time at all. I tax-loss harvest myself...took me 30 minutes total over the month of April this year when stock indices dropped. Very simple, and gives me comfort knowing exactly where my hard earned money is invested. Just a few broad indices is all one needs. + +Now I won't tell you what to do. I just wanted to highlight the math to spread awareness of the "compounding" losses due to fees. Lots of well-meaning and hardworking financial advisors out there that need to make a living, and they can help more at an emotional level than anything else. Know the impact and decide for yourself what fee % is worth it for you. For me, the average fee over my whole portfolio is close to 0.03%, and I intend to bring it down further over time. + +*Tip*: when looking for indexes to invest in, look for the "gross expense ratio". A few high quality broad indexes of US stocks have expense ratios similar to 0.03% (e.g. Vanguard VTI or Schwab SCHB). If you are paying 0.06% for an S&P like fund (or broad US), know that you are needlessly paying *twice* for essentially the same product. + +*Clarification*: I am not saying I want to get rid of the $85k in fees in above scenario. That fee is perfectly acceptable since that is the fee-to-beat for a high quality index fund these days. However, there is a **huge** difference between 85k (0.03%) and 700k (0.25%) or higher. I mentioned that I want to bring down the 0.03%, but that is NOT a path I recommend in general. I enjoy investing and also enjoy creating a basket of stocks (i.e. my own index) with a portion of my assets. This can make sense at certain level of assets and if this is enjoyable as a hobby. Otherwise, set it and forget it at 0.03% fee is totally fine. +Buy the rumor sell the news, right?? + +Well after the merge announcement, ETH pumped from $1k to $1,500. So I decided to sell a small portion at $1,497 planning to buy back at $1,200. + +Well it just keeps climbing. If I didnā€™t sell, itā€™d be back at $1k. So you guys are welcome. When I buy it drops. When I sell it climbs. Story of my life. + +Should I bite the bullet and buy it back at $1,700 or so we see a dip coming? I donā€™t want it to get away from me, so considering buying back and taking the L. +As EEA members said multiple times, we're just getting started. People who have been here awhile, the $20 threshold definitely felt well overdue. But seriously, everyone here is an early adopter, whether we've been here a day or a year. We haven't seen anything yet! Get your popcorn ready folks. It's going to be an amazing year ahead! +Hi BitCoin I'm Albert. My son Daniel introduced me to BitCoin a couple weeks ago and the discussion group here. I finally worked up the nerve to sign up so I can maybe provide some wisdom or nonsense depending on your perspective. + +I wont make this too long-winded, but I've lived a long enough time and seen enough bad and good things happen to know the way the world goes. To sum it up, in the long run, Good things always get Better, and Bad things always get Worse. I have a little money invested in Bitcoin. It's not a huge amount, just a little percentage from my monthly retirement checks I'm saving to maybe buy a gift or two for my Grandchildren. But even if I had a lot of money invested in it, I wouldn't be worried. Why? Because Bitcoin is Good, and Good things always get Better! + +Let me explain in more detail: having grown up after the Great Depression, and many subsequent depressions, once thing is clear to me is Governments are bad with money, and they seem to be getting worse. And yet these are the same people who influence our money more than anything. And as 2008 showed us, they still haven't learned from their mistakes. What's Wonderful about Bitcoin is that it's a little like Mother Nature. No one is really in control, but Mother Nature has proven she can take care of herself just fine. So to me, betting on Bitcoin is like betting on our Planet. Sure she has some ups and downs, but she is fundamentally resilient and if she does better we all do better. + +Regarding the Crash that happened yesterday and is maybe still ongoing, I think the problem for people is they have lost faith in currency. A lot of people got very excited when Bitcoins value starting going up a lot, but the moment it started going down, they start remembering all those times when the government behaves irresponsibly (like printing too much money!) and all of the terrible consequences that followed. This is not the same, but people can't help but make parallels. Bitcoin is unique. + +I remember when you first started hearing about the internet, I was one of the very first people to sign up to AOL, and even then people were saying it was a fad, it wasn't 'real' and so on. But all I saw was potential, and now look at where we are today with Google and Reddit! + +One final thing before I ramble on too long. Remember that Bitcoin is young, very young. You don't take the measure of a man right after he learns to walk, you wait and let him mature, and maybe get in a bar fight or two along the way. + +So if you lost money today or yesterday, or if you lose money in the future, don't worry. That is, if you really believe in Bitcoin, like I do and I know so many of you do as well. + +-Albert + +1) my dad has my SSN written down so I can't just take it back he knows it. + + + +Anywho, my dad was bringing up that I was "approved" for all these cards. And then I was like "um...cool" and I just got a note in the mail saying I was (under my name) denied for one and approved for another. The approved one has a card for me AND my dad in it. I brought it up to him and asked why he's doing this and he said "because you need more credit cards" and I just said "I don't want any, I'm happy with the one I have now. I don't spend much and I (ripped up and) threw away the other ones" and he got all mad at me for doing that. He's upset I want him to stop opening up cards in my name and having him as an authorized user. + + + + + +What can I do about is? Am I SOL, his credit is shit and he made my moms credit shit so I'm afraid he's going to make mine shit +My daughter came to me with a question. As a defrocked accountant (not really, I got the degree but bailed on the CPA exam) I think I know the answer but I thought Iā€™d put it out here in case anyone knows better. + +She has about $60K remaining of her student loans. Sheā€™s doing well at work, and her boss offered to pay off her student loans in lieu of a raise for the next few years. Her boss hates taxes and is trying to come up with some kind of scheme such as calling it a loan to avoid them. I told her than any kind of loan payoff, forgiveness, etc. and even if the payment was made directly to the student loan company it would still be considered income to her by the IRS. She canā€™t receive it in portions as a ā€œgiftā€ as she is already in an employer-employee relationship. Given that this would put her well into the 24% bracket, the taxes would be a lot of money. + +She wasnā€™t particularly happy with my pronouncement so I told her Iā€™d ask here. Does anyone have any thoughts beyond what Iā€™ve told her? +Got $80k sitting on the sidelines just itching to go in, I put $3k into MSFT when it hit 180 and that shit already returned 10%. + +Fuck it, might just start DCAing from today, looks like a good time to start, DCA over 2 months during Q2 earnings period. + +Edit: Btw, this is not a Fomo/bullish post, I still think this shit is due for a correction. This is just wanting to throw money in out of pure fucking boredom, this quarantine is driving people nuts :) +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! +Seriously, it is unreal. Think about it--less than 5 weeks ago, ETH was below $500. That honestly feels like it was years ago. Where will we be in another 5 weeks? +Ethereum's price was $1k one week ago and now it's at $1600. It's up 60% in one week, the best performing top crypto at the moment. Congrats too all who patiently hodl their ETHs. Congrats to all who never stopped believing in Ethereum! +**EDIT 1:** The title of this post should, in fact, start as follows: **ā€Both CBOE and NASDAQ filings stateā€¦ā€** (see EDIT 2 below) + +Thanks to the link shared by u/Dismal-Jellyfish, there is an interesting bit of info/data shared by the CBOE (Chicago Board Options Exchange) that I picked up on. They have made a filing to the SEC regarding a reduction in the ORF - Options Regulation Fee. This is a fee to *ā€œto assist in offsetting exchange costs relating to the supervision and regulation of the options market (e.g., routine surveillance, investigations, and policy, rule-making, interpretive and enforcement activities).ā€* + +The filing can be found here: +C2 (Release No. 34-92596; File No. SR-C2-2021-012; August 6, 2021) https://www.sec.gov/rules/sro/cboe/2021/34-92597.pdf + +Pages 3 and 4 explain why the CBOE has made this filing, which in fact decreases the ORF cost for each options contract: + +*Based on the Exchangeā€™s most recent semi-annual review, the Exchange is proposing to reduce the amount of ORF that will be collected by the Exchange from $0.0004 per contract side to $0.0003 per contract side. The proposed decrease is based on the Exchangeā€™s estimated projections for its regulatory costs, which have decreased, balanced with recent options volumes, which has increased. For example, total options contract volume in March 2021 was approximately 34% higher than the total options contract volume in March 2020 and the total options contract volume in June 2021 was approximately 25% higher than the total options contract volume in June 2020.* **In fact, March 2021 was the highest, and June 2021 was the second highest, options volume month in the history of U.S. equity options industry.** + +Note that the CBOE are bound by SEC regulations to adjust the ORF, in line with options volumes. So even if they did not necessarily want to make this change, they have no option but to adjust the fees and provide a justification. In doing so, they have somewhat revealed the hand of what is happening overall i.e. historically high volumes of options being traded in these last few months. + +Why is this significant? Because it has been conjectured by many Apes that much of the fuckery we have been seeing for hiding FTD obligations is through options trading. This filing seems to indicate there has been a huge increase in volumes *from precisely the timing that line up with this mechanism being used.* + +Of course that could be coincidental, but I think we have learned enough this year that there are not many coincidences in this whole sagaā€¦ And as u/Wallstreet_Owes_Me pointed out in this post - which really should have had more attention - the CBOE appears to be one of Shitadelā€™s main partners for manipulating the share price through dark pools as well: + +https://www.reddit.com/r/Superstonk/comments/ox93kt/citadels_connection_with_cboe_global_markets_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +**TL;DR**: The CBOE (Chicago Board Options Exchange) has made a filing with the SEC announcing a reduction in mandatory fees for options contracts. This is not out of the goodness of their hearts, but because they are forced to do so in order to abide with SEC regulatory costing requirements for exchange providers. The reason is that options volumes in the last 3-4 months are at historical all-time highs, and they have documented this fact within the filing. It has been conjectured that options fuckery is the central method by which Shitadel and others are circumventing their FTD requirements for shorted shares. This huge increase in options volumes, in a timeline that fits with that conjecture, seems to be very much pointing to the hypothesis being accurate. + +**EDIT 2:** In fact, it appears Nasdaq has made a similar change to their options fees as well! They have described the reason for the change in fees on the Nasdaq Options Market (NOM) being due to options volumes being *ā€œat abnormally and unexpectedly high levelsā€* and itā€™s scale as an *ā€œhistorical anomalyā€*: +https://www.sec.gov/rules/sro/nasdaq/2021/34-92600.pdf + +**EDIT 3:** From some of the questions and comments, I can see some of you Apes have not fully grasped the implications of what these statements from the options exchanges are pretty much comfirming. The DD is not about the costs of buying options premiums being affected for retail buyers (note: a foolish trading strategy anyway for GME...) but really showing that some of the theories about options being used to hide short positions are a distinct possibility e.g.: + +u/Criand posting here about Buy-Writes: https://www.reddit.com/r/Superstonk/comments/oc4f79/well_there_it_is_more_mathevidence_pointing_to/?utm_medium=android_app&utm_source=share + +And the same writer here about OTM PUTs: https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/?utm_medium=android_app&utm_source=share + +The huge increases in options volumes are all but confirming these hypotheses are correct IMO. +Long story short: I thought I had a water leak when my bill spiked $1,000 for 2 months in a row. A fourplex I bought in December has 1 water line so water is included in the rent. I've had 4 different plumbers (one specialized in Leak Detection) out to the building and everyone said there was no leak. I had the water company out to check the meter for a leak or malfunction and that proved to be fine too. + +IĀ didn't want to believe that it could be one of my new tenants but with everything else crossed off my list I don't know what else to think although I don't know who it is. There were 6 separate days in the month of July where someone ran the water to 3,000 gallons which is an insane amount. I actually had to do the math and that's equal to running your tub on full blast for 8 hours straight.Ā  + +&#x200B; + +I don't know what to do at this point. My Property Manager wants to tiptoe around the situation and thinks by emailing all the residents to inform them about the issue and to stop that could actually backfire especially if I've made an enemy out of a tenant or something and just don't know it. At this point I'm ready to non-renew the entire building and find new tenants but leases don't end for another 8 months. + +&#x200B; + +What do I do here? I am at break-even with the water bill where it's at. +Good Morning! + +So today is the Quarterly OPEX (options expiration) date for ETF and Index options. + +These dates have marked the beginning of GME's quarterly run cycle since 2020 and are outlined pretty clearly in [Section 2 of MOASS the Trilogy: Book One](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/). + +This is the day that obligations come due for ETF options used to synthetically short GME over the previous quarter. These are a gamma exposure event, coupled with the return of supplemental liquidity deposits. + +Historically the price action from these expirations occurs on T+2 from today (next Thursday Morning at the latest) these can be observed here on the FTD chart. + +[These expirations occur on the 3rd Friday of Feb\/May\/Aug\/November And the price action is realized the following week.](https://preview.redd.it/hral45yrili81.png?width=2454&format=png&auto=webp&s=85299b7f574834a3ef5fbc8717f71b1d06483a5b) + +Last November they hedged in advance. This created a situation were a larger amount of the price action occurred the week before OPEX as opposed to the week of. + +[This lowered the volume and volatility expectation for the following week](https://preview.redd.it/khs55thdjli81.png?width=1561&format=png&auto=webp&s=1ef0d80defa45570826e24a6b5ec2bc9398f1e87) + +We should be aware that this doesn't look too dissimilar from our current price action. + +[I expect if we see a large price move today this would indicate pre-covering of the Gamma exposure due next week and would be extremely wary of another rug-pull type situation. ](https://preview.redd.it/rmhrk8dzjli81.png?width=1570&format=png&auto=webp&s=b26cd9218c6f7e8d3612712a55f9b264f6f22ea6) + +Even though exposure is significantly higher this time around than it was in November, Yelyah's Gamma Maximum indicates that a run above 150-160 is unlikely to be sustained and I would say very unlikely to see anything above 180, unless some serious options buying occurs to push that ceiling up. + +[Seen here on our 90 day volume by strike, Options OI falls off pretty hard after $150 with the next highest being $180 then $200.](https://preview.redd.it/3g2sbt8xkli81.png?width=2501&format=png&auto=webp&s=4ef05e5208d0e36e7708ecaf35958ff2718ae47a) + +[Another example](https://preview.redd.it/ry3yokrwlli81.png?width=2479&format=png&auto=webp&s=69fc3f4e964d02ac7e59712c5aa3bc8f3cb2bc23) + +[GEX has mostly stabilized for this week but if we see decent &#37; gain today this could spike into next week. ](https://preview.redd.it/eerb3wvjlli81.png?width=2487&format=png&auto=webp&s=cddea35ea196d394dba7f50a7e866e565685abc7) + +**DIX Pics** + +[Dark Pool Volume spiking above it's 10 average yesterday as the shorting occurred into the late afternoon](https://preview.redd.it/tjaw2q21mli81.png?width=2495&format=png&auto=webp&s=f330991c5877b6b42d52507ee46b891ec66f3ebb) + +[IV up about 4&#37; from yesterday even with the price drop](https://preview.redd.it/3okp23s9mli81.png?width=2485&format=png&auto=webp&s=1efa2e029a77f8cc83290d8ec9128452895514db) + +The next few days are gonna be super bullish for GME with OPEX coming in we should expect price improvement and a bump in IV over the **NEXT 3 TRADING DAYS.** Remember they can complete covering at anytime and since we are so closely resembling November's trend be wary of a rug pull. The last thing to note is we are going into this run at almost 100% short utilization meaning if some serious momentum is realized we could just keep going up. + +[Nice bounce setup on the one hour as well off this bottom support from Monday, resistance on the upside at 126, 130, 135, and 140.](https://preview.redd.it/r609wnuymli81.png?width=1570&format=png&auto=webp&s=fad4499d823ed17e565df79e82b7a518c25c651a) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-market + +Took less of a hit on the day than expect after we didn't see any indication of pre-hedging next week it's looking like we are gonna experience a more volatile run than we saw in November. The did successfully keep that call OI at 125 out of the money but the should still be a significant amount of exposure coming due next week. I'm going to reiterate this a bunch so people aren't burned on expectations. The current Gamma Maximum indicates a conservative range between 140-160 with a **possible** peak at \~ $180. Thank you for tuning in, I will see you Tuesday morning as the US markets will be closed for Presidents Day. + +\- Gherkinit + +https://preview.redd.it/51womlj2qni81.png?width=730&format=png&auto=webp&s=f012f455b8f152da2f527e9ffcb55f40cadf49a6 + +Edit 4 1:08 + +Still clawing our way back above 121 most of todays price action seems to be the goal of keeping large OI at 125 and 130 out of the money. + +https://preview.redd.it/oohxvkqvtmi81.png?width=1525&format=png&auto=webp&s=b080f820adf4d3c2eae0fda1d51a8aea7169ec8c + +Edit 3 11:40 + +Inverse head and shoulder bullish signal on the 1 and 5m time frame + +https://preview.redd.it/dqmlh60ydmi81.png?width=1576&format=png&auto=webp&s=ac554572b245ec7a9a606de2d7ea4f3c5ef823fb + +Edit 2 10:32 + +Even more indication that there will be no pre-hedging today. we just broke down through thetrend on the 1h, our support after this breakdown at 120.33 with another trend support at 115. + +https://preview.redd.it/2fh4atrw1mi81.png?width=1570&format=png&auto=webp&s=008694a9bfcf348ab42f74a3f9a0eddd1631ff92 + +https://preview.redd.it/fjz0tuw72mi81.png?width=1576&format=png&auto=webp&s=1f30f0875577ee8c2b3dcaee46205f6dcdf1f471 + +Edit 1 10:00 + +Low opening volume so far today it looks like we are just tracking with the SPY no indication either way of if the are pre-hedging or not. + +https://preview.redd.it/gu4aknl0wli81.png?width=1575&format=png&auto=webp&s=809913faa1022516fc0f14777398f1991357c94c + +# Pre-market Analysis + +Pre-market with a very slight price bump and slightly better volume than yesterday but not much. We have already failed a retest of the resistance at 126. + +Volume: 10.34k + +Max Pain: $125 + +Shares to Borrow: + +IBKR - 100,000 @ 1.9% + +&#x200B; + +https://preview.redd.it/hsws3fglnli81.png?width=1570&format=png&auto=webp&s=70fd291488d603e4d6f5f9cd998832bd944319a6 + +TTM Squeeze + +https://preview.redd.it/c2djp5raoli81.png?width=2459&format=png&auto=webp&s=c88a2b59aabdef3d831ccfb26bb523e1936d9780 + +CV\_VWAP + +https://preview.redd.it/fhdwo4vjoli81.png?width=2457&format=png&auto=webp&s=8d82e2e5860a2af89fadf518dd4a4d525e5ff4cd + +**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 you 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.* šŸ˜ + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**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.* +For us, the dream has always been to retire to a little hobby farm and tinker with beehives, grow hot peppers, make olive oil and go turkey hunting. As we've begun to rotate toward that life in the past couple of years, we've had to make tough compromises splitting time in the city for work and the country on weekends. For example, keeping most livestock (beyond chickens) has been out of reach for us since they need more or less daily care. + +Now... we suddenly find ourselves asking "why not?" So far we've picked up a little flock of sheep and some more chickens and a goose. When we go back to work we'll figure it out; we were planning to hire someone to help out part time anyway. The experience we'll get with a month or two to cut our teeth on higher maintenance hobbies will be invaluable. + +But more than that... this is a chance to see what it will really be like. To find out if we got everything we wanted in our FIRE dream, would that dream stay the same? + +So far it's too early to tell for us, but so far so good. I wondered if anyone else was finding an opportunity in the crisis to test-run their FIRE plans, and how it was going? + + +So, background on me. + +\- 32M (will be 33 soon), single with no dependents, no plans on marriage. Introvert who enjoys spending my free time alone for the most part. + +\- My dad drilled the basics of money management and common sense into me at an early age, which definitely set the foundations of my path to FIRE before I even heard of the term. + +\- Parents focused a lot on making sure I got a strong education and paid for my college tuition while I covered living expenses with a part time job, after I graduated college they let me find my own way and I have not received any financial assistance from them since then. + +\- After graduating college I joined the Army as an Officer. The salary was average but there were many strong benefits I got as part of the military (housing allowance, very low cost insurance, the GI bill to help continue my education etc). I also volunteered for a deployment overseas, which was tax free income for that year + imminent danger bonus, not to mention thereā€™s not much to spend money on when youā€™re in a desert. I also spent over 2 years in Korea, which was similar (still paid taxes, but didnā€™t spend much money and also got a bonus for being near the DMZ.) I also benefited from the bull market weā€™ve had since the recession, once I knew I had a secure job I put away as much money as I could into the market after I started working. + +\- After 9 years in the military I got out for health reasons, got 60% disability rating which means free healthcare through the VA as well as a disability check. Got a new job as a manager little over a month ago. + +*Major milestones:* + +Winter 2008, Graduate College + +Early 2009 ā€“ Began working with the army, starting net worth $17k from part time jobs in high school and college. + +2011 ā€“ Deployed to Iraq, hit $100k net worth. + +2013 - $200k net worth, stationed in Korea at the end of the year + +2014 - $300k net worth + +2015 - $400k net worth, get back from Korea + +2016 - $500k net worth, found out FIRE exists, and that there are more people like me. + +2017 -$600k net worth + +2018 ā€“ Leave the Army middle of the year, get new job a few months later. $711k net worth at very beginning of October, then lost $50k with the market correction, recovered a bit since then. + +*Current Stats:* + +Current net worth - $688k + +\- $475k in taxable index funds + +\- $122k in Roth IRA + +\- $73k in TSP + +\- $18k in cash (kept a lot in cash while looking for a new job) + +I rent so no house, and I don't count my car or personal belongings in my net worth. + +Income - $90k from salary, $13k from disability payments. + +Pre-tax savings rate - 67% (based on the last 3 years) + +My current annual expenses are hard to determine as I have a new job, different benefits and live in a new location. Should have a better idea in several months. + +*Future Plans:* + +I believe, that given my current Investments, as well as my disability payments and free health care, that I could potentially leanFIRE right now. However, Iā€™ll most likely continue working until my early 40ā€™s and build up enough so that I can FIRE worry free and not have to be too tight on my budget. I know I started off life strong thanks to support from my parents, but I'd like to think I made it this far thanks to the life decisions I made after becoming independent. And it's very liberating to know that I could stop working now if I chose to. +Microsoft recently released an update to Excel for Office 365 that allows you to import stock data. See how [here](https://support.office.com/en-us/article/get-a-stock-quote-e5af3212-e024-4d4c-bea0-623cf07fbc54). + +They have data from[ a bunch of different exchanges](https://support.office.com/en-us/article/about-our-data-sources-98a03e23-37f6-4776-beea-c5a6c8e787e6?ui=en-US&rs=en-US&ad=US) around the world. + +The data includes things like last trade time, price, open, close, 52 week high/low. Also they have some mutual fund specific things like the year it started, expense ratio, total assets. + +I'm pretty sure you need Microsoft Excel for Office 365, not any old versions. You can see your version by going to +File->Account. + +If you have Excel for Office 365, but don't see the feature, try File->Account->Update Options->Update Now to force an update. +I've just spent the last 8 hours going through old posts on this subreddit. I've learned about the block chain, smart contracts, ICO's and potential future winners (status is my favourite and I'm definitely going to buy some golem), dapps, the concept of decentralisation, and loads more. +Thank you to everyone who contributes here. I'm so pumped for the future of Ethereum! + +EDIT: wow someone sent me my first tip! Thank you so much guys, this just re-enforces my initial findings :-) +Of course I understand what profit is, but being profitable in trading is a broad statement. When people say profitable after 5 years, 2 years, 10 years etc. what does that exactly mean? Is it that you now have made more than you put in all together? Is it that you make profit every month even though you may still be in the hole overall from your very first day trading? Is it you pay your bills from trading? Iā€™m sure it means something different for everyone but what does it mean to you all? +Home bidding wars across the country, speculative stocks with no underlying fundamentals skyrocketing, BTC near all time highs, grocery prices through the roof... we need an interest rate hike ASAP. +Hello guys, + +I"m a 31M and have started investing for the first time. I will be putting 40k this year and then 10-15k annually. After reading a lot, it seemed like VGRO was a safe and logical choice to leave my money for the next 30 years and not look at it much. That being said, I'm wondering if it's a bad thing to invest also in XEQT or VEQT to have a bit more equity exposure at my age ? Or is the difference so minimal that I shouldn't bother with this ? I was thinking of possibly 20k VGRO and 20k VEQT (or XEQT). I've only put 5k so far in VGRO and on the verge of adding a 10k. + +Thanks for your input ! +Rob Carrick writing in the Globe & Mail described Scotia iTrade this way: + +"Log into your iTrade account and youā€™ll see what a top broker of 10 years ago would have looked like. Fortunately, Scotia says a website and app modernization is coming this year." + +I am experiencing considerable frustration with iTrade these days: Slowness and difficulty configuring FlightDesk so it operates smoothly. + +Does anybody know when the Scotia iTrade modernization is scheduled to occur in 2022? + +Or should I make a move to another discount broker? +[https://www.td.com/ca/en/asset-management/funds/solutions/etfs/FundCard/TD%20One-Click%20Aggressive%20ETF%20Portfolio/?fundId=7151](https://www.td.com/ca/en/asset-management/funds/solutions/etfs/FundCard/TD%20One-Click%20Aggressive%20ETF%20Portfolio/?fundId=7151) + +When it launched, I was expecting them to copy VGRO, but they went with something different and it seems more "managed" than the others. Do you guys think this is a good alternative? +I'm an engineer currently making 82k per year in the heart of the silicon valley (equidistant between Google and Apple). I recently got a job offer in San Diego for 95k with great benefits. I told my current employer about it and they matched the offer. I turned down the offer with my current employer because of the difference in the cost of housing. I'm getting married and would like to buy a house and have kids in the near future. I'm finding houses near the SD employer range between 400-600k. Equivalent houses here range anywhere between 850k-1.5M. So cost of living was the biggest driver in my decision. + +Fast forward to today and my current employer asked what my price is to stay. Being caught off guard i told them somewhere in the neighborhood of $120k. + +My wife will be making about 95k whether we stay here or move to San Diego. However when we have kids in the next 2 to 3 years and she will be staying home to raise them. We also aren't really looking to buy a condo. + +Is it irresponsible of me to effectively take a $25k pay cut to live in an area that is cheaper to live? I'm looking for advice. + + +There is a bull run going on and few of my close friends started investing in stocks, looking at the gains. They seem to be excited and are trying ro read the basics for stock investement. But mostly they are stock recommendations through various blogs and general industry based investements( electric is booming, pharmaceutical is booming etc), than evaluating individual stocks. Also seem to have no clear idea on risks involved and relate tales of uncles, who gained money through stocks. +After reading "Psychology of Money", I realized each person's relationship with money is different and there are lot of emotions involved in each financial decision. But I also feel, I should inform them about risks involved in timing the market and how SIP is better option. How do you these conversationswith close friends?I don't won't be see as lecture giving :) + +Edit/note: Didn't realize this post went live. I also posted the same in the bi-weekly column, as suggested by the automoderator. +My Life insurance came with a E-policy account in a depository. Does it make sense to convert my Vehicle insurance and Health insurance to E-policy format as well? Any advantages or disadvantages in this? +I realize this isn't strictly a Theta question, but I'm looking to throw 5k at Ford because I was long term bullish on it, and with that I could buy 200ish shares to start a long-term wheel strategy. + +Anyways in early March it came out that Ford was essentially splitting itself in two, with one side handling EV's and the other the traditional gas vehicles. My main question is does this mean it could be possibly putting it's EV side onto a different ticker? Anyone know? If that's true I could easily see the F stock dumping back to the $10 range, and I would for sure hold off on buying. + +Also, if anyone had a different idea on where to throw 5k for a simple wheel strategy that they think is better, I'm all ears. +Thanks! +@channel Hey everyone. There's a lot of controversy in public channels about Status right now, so I'd like to take this chance to explain our position here openly. + +First of all, Iā€™d like to address the concerns of 'whitelisting whales'. Yes, there was a whitelist that ignored the maximum gas price, but this was not for any single individual but a collective of distribution partners. This was discussed in our Slack channel, and we had previously outlined this in detail here: + +https://blog.status.im/status-network-token-issuance-ad877b79a10 + +The largest part of the whitelisted pool was for ICOage, which alone had over 2,000 individual participants with a KYC process. This was a good hedge in addition to our dynamic ceilings approach, given the nature of pseudonymous addresses. + +imToken was our second largest allocation (with a further 2,000 participants). Their usersā€™ transactions were pooled together in an attempt to avoid DDOSā€™ing the network. We will be publishing a full report shortly on why this decision proved to be the right one. + +Unfortunately some contributors set a higher gas price than the maximum of >50 Gwei, resulting in massive network congestions and delay for everyone else. We've since updated https://contribute.status.im to clarify for everyone why their transactions may have been thrown. + +The good news is that the network congestion is finally clearing up now, and you can see that we're now at over 4,400+ token holders: + +https://etherscan.io/token/0x744d70fdbe2ba4cf95131626614a1763df805b9e + +Our teamā€™s goal from the start was always to achieve widespread distribution via dynamic ceilings. Has this worked? Iā€™d like to think so, and you can see a working example of this here: + +https://etherscan.io/tx/0x0ac6a4598ca7884713198173aae8ba4d8f2447ac243d96c310c82c650edebefc + +This transaction was originally for 348 Ether. However, the Dynamic Ceiling capped it to 22 Ether, which was exchanged for SNT at the expected rate, following which both the 22,000 SNT and the remaining 326 Ether were returned to the sender. As a result, we have successfully achieved our goal of widespread distribution and we hope that this example has helped clarify how we did so. + +Our mission here at Status has always been to put our community first. Despite the hiccups, we couldn't be more excited about building Status together with you. Together with your help and support, we can minimize the spread of misinformation. Please share this with anyone who you think may find it useful. + +Thank you all again for your continued support. We deeply appreciate it. +See bottom for a tldr. + +&#x200B; + +So I live in Belgium and as a freelance software developer I want to invest with money from my company. I will not dive to deep into the personal tax situation in my country but simply put: any money I take out of my company to pay myself gets taxed close to 50% (depending on the amount).Since I can pay a bunch of things with funds from my company(house, travel, restaurants, clothes, car,...) it's a lot more efficient to leave the money inside my corporation. + +So I read some books on how to grow that money and decided that something in the style of Ray Dalios all weather portfolio with global market index funds is probably the best way to go.I did some research and apparently my gov changed some rules that made it impossible for me to invest in stocks with corporate money. Here are the rules: + +\- There is a 30% corporate tax on any profits. Since early 2018, this also applies to gains from the stock market. Any losses are not deductible. + +There a few exceptions: + +\- Investments over 2.5m are taxfree (well, 0.74% in stead of 30%) + +\- Buying 10% or more of a company is also basically tax free + +(spicy detail, these rules were reverse until early 2018 but fuck small business it seems) + +\- Investments in a so called DBI-bevek fund is also free from the above tax. + +So obviously I did some research in the various DBI funds that Belgian banks offer. Results for 3 of the biggest banks : + +\- [KBC is the biggest bank, they have 3% frontload and 1.83% yearly fees](https://www.kbc.be/ondernemen/nl/product/sparen-beleggen/dbi-aftrek.html) + +\- [Belfius is second biggest. The links to their funds are dead](https://www.belfius.be/professional/nl/producten/sparen-beleggen/liquiditeiten-lange-termijn/fondsen/dbi-bevek/index.aspx) + +\- [Finally Crelan, they have 2.5% front load and 1.6% yearly](http://solutions.vwdservices.com/customers/crelan.be/screener/nl/Fund/BE6298866748-EUR) + +&#x200B; + +So basically I can choose, either I pay 30% yearly tax on profits without deducting losses or I pay heavy front load with heavy yearly actively managed fees. + +&#x200B; + +So my question is, what do I now? + +Do I start a holding company abroad and move my money there. This comes pretty close to tax evasion probably. + +Do I take the pain and just pay the actively managed fees? + +Do I invest anyway and hope I can hold any index ETF until the law changes? Taxes are only due when I sell. + +Do I invest solely in real estate? With investments in real estate the profits are taxed equally heavily but at least the costs are deductible(even interest on a loan is considered a tax deductible cost). + +Is there another option? + +**TLDR: Passive investing and individual stocks are basically not allowed in Belgium for small business owners. Do I take the pain of actively managed funds or are there alternatives?** +Apes, + +Take a minute to reflect on EVERYTHING that has happened since day one. Everything that has brought us here to this very moment. Think about EVERYONE alongside you and what has brought us together as a community. Think about the *discipline*, *integrity* and *resiliency* we've all come to endure. + +*You may not see it right now*, but at this very moment in time, you are currently living in one of the greatest stories to ever exist in human history. [I want everyone of you to be proud for sticking](https://youtu.be/UI-RFRykjTk?t=134) it to the man and standing up for change. + +When I reflect on GME....***I see a fucking master piece.*** + + +[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!* +Last week, I put all my life savings into Bitcoin. I'm only 30 so I know while it is a risk, I still have a chance to recover if it crashes, and I have a full time job anyway. I just thought how the people around me are putting money into their houses, into children and expensive weddings, and they will never get a return on that. It just disappears. I also thought how most people will go their whole life and not take a risk and 'go for it'... and when I'm older, I will not be able to things like this. I will be a lot more conservative. Now is the time for me to take a risk. + +So I put a total of about $50,000 USD and bought in. I don't know how long I'll keep it in, but I'm thinking at least 5 to 10 years, maybe longer. I haven't told anyone and I don't plan to, but I feel good about it. Another thing I think about is that there will only be 21 million bitcoins ever released, and that is NOTHING when I stop and think about it. To me it seems like a great opportunity. +Hello everyone, Im an 18 year old trader from New York. Iā€™ve been trading forex for the past year and a half on and off and I need help progressing. I heard that Smart Money Concepts (SMC) are popular and theyā€™re one of the best ways to be profitable. Does anyone have any recommendations of YouTube videos or articles to learn these concepts? Do you also have any recommendations on who to trust? I know that this industry is fulled of scammers and people who like to sell courses of reused content. Thank you, any recommendations are much appreciated. +Hello everyone, Im an 18 year old trader from New York. Iā€™ve been trading forex for the past year and a half on and off and I need help progressing. I heard that Smart Money Concepts (SMC) are popular and theyā€™re one of the best ways to be profitable. Does anyone have any recommendations of YouTube videos or articles to learn these concepts? Do you also have any recommendations on who to trust? I know that this industry is fulled of scammers and people who like to sell courses of reused content. Thank you, any recommendations are much appreciated. +My husband and I didnā€™t really understand credit when we were younger. And didnā€™t understand how much it would screw it once we matured. I have about 15k in student loans and another 15k in medical bills and other random debts. Most in collections. My husband has 15k in student loans and probably another 5k in random unpaid bill collections. We make about 36k a year combined. Two kids. No savings. Basically a pay check to pay check life. We really need to buy a house. We have moved from place to place over and over for the last 4 years because itā€™s impossible to find a long term rental at a reasonable price where we live. Our oldest kid has been to 5 schools since kindergarten. We need to settle but they way things look itā€™s just impossible to buy a house for people like us. We live in rural Maine. There are no opportunities here. We cannot move out of state, besides not being able to afford it, we have a custody agreement for my stepdaughter here. We canā€™t move more then 50 miles away from her school without forfeiting our time with her. What are some of the best ways to get a credit score up and buy a house? Is it possible to turn our life around in 1/2 years? +Hello everyone, + +Long story short, hit the jackpot at a casino for roughly 22k. Apart from student loans (~18k) and a mortgage, I am debt free. + +Part of me wants to take these winnings and pay off my student loans. The other part of me wants to save some and invest some (stock market, long-term stocks). + +Interest rates on my loans hover between 3.4-4.9%. However, due to the pandemic interest on these loans have been suspended until Jan 2022. I have taken advantage of no interest payments throughout the pandemic. + +In your opinion, what would be the better route to go? Thank you! +So I'm having a hard time understanding why an emergency fund should stay in a savings or checking account. I get the reasoning, if you need money quickly, you can go that day and pay for it. But I have a credit card that I pay off in full every month, with a limit higher than my emergency fund. Why should I keep money in a savings account, making next to nothing, when I could invest that money? Then if an emergency comes up, put it on the credit card, withdrawal from my investment, and by the time that cc payment is due, my money will be here from the investment. Why is this a bad idea? +Slight exaggeration in the title, my parents weren't millionaires but as a kid and young adult I never really had to think about money and it was never a meaningful barrier to anything. + +I'm in my late twenties now and have been working for several years, earning my own money, paying rent, etc but I still don't really feel like I "get" what money is worth. I never have a clear idea of how much money I have, and how much is reasonable to spend on anything in particular. + + Any advice on how I can train myself to think about money better? + +_________________ + +----- + +**edit** *thanks for the advice everybody, and being nice about it, I was braced for a lot of hate for the #FirstWorldProblems vibe* +Basically Iā€™m realizing more and more that I donā€™t see a way for me to climb up the social mobility ladder enough to not be in survival mode and I donā€™t want to be struggling with kids. This pains me deeply. + + +[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!* +Last year I wrote a reflection on my first year of FIRE. It got a lot of traction and seemed well liked so I thought Iā€™d write the year 2 versionā€¦ [Here is the first one if you want to see it:]( https://old.reddit.com/r/financialindependence/comments/b2bfko/fire_1_year_in_a_few_reflections/) + +My background: Iā€™m a scientist in my mid 40ā€™s who got into the big data side of tech just as it took off. I worked for a few large companies, and a few small companies, both as an FTE and consultant. During one of my ā€œno job, no consultingā€ periods in the late fall (notoriously hard time to find a new job as everyone is on vacation, spent their budgets, etc.) I fell deep into the bitcoin rabbit hole researching what it was, what it might become etc. I bought in a few times and sold my holdings in December 2017 (not at the peak, but close) for about 1.5M. I had saved a shit-ton of money over the years (almost 1M) because I never spend other than buying/fixing up my house. The FIRE idea was natural to me ā€“ I had an instinctual aversion to debt, simple tastes, and grew up without a lot (but didnā€™t feel like that was an issue). My job was not really going in a direction I liked, and I had just cashed over a million post-tax cryptobucks so I quit. I figured Iā€™d try being unemployed, maybe call it ā€œsemi-retirementā€? With all my retirement, bank, and stock accounts bundled together, including house equity I had close to 4M. Since retirement my portfolio has grown an additional 10% (after my living expenses) to 4.4M. + + +**Reflection 1: Iā€™m not scared of the market anymore** + +Maybe ā€œscaredā€ is too strong a word. Right after I quit my job, the market started dropping. Everyone says ā€œdonā€™t watch the marketā€ but I couldnā€™t help it. I JUST STARTED the next phase after all. Well, everyone is right ā€“ ignore that shit. I felt a little bit off at first ā€“ and I mention that in the first post last year. Nowā€¦ it truly is not a big deal to me, I just grab the data once a month because I like to track it. I have a balanced portfolio and plenty of time. Not worth the sweating over. I feel I am truly ready for whatever the next real drop ends up looking like. + +**Reflection 2: Iā€™m used to the lack of cash flow now** + +After watching my bank account grow twice a month, and having to move money into investments every so often, I got used to it. Not having that as part of my financial journey anymore felt weird. Having to take cash (from dividend payments ā€“ this is my primary cash flow source now) out of my account to fatten up my bank account felt super weird (money goes IN there, not OUT from there.) I had tracked my spending for several years prior to FIRE, and now that I am there I also tracked it and I basically spend the same amount so moving cash to the savings account every once in a while is the new norm. + +**Reflection 3: Iā€™m willing to spend some of that money (wisely) now** + +At first I felt a little bit poor again ā€“ the money inflow was slow, new, weird. I didnā€™t want to mess it all up somehow. Iā€™ve never been a big spender to begin with, but it felt like I was ā€œon a special budgetā€ or something. Why the hell would I FIRE if it meant I had to act like a pauper to do so (respect to my LeanFIRE friends, but thatā€™s not my deal)? So now Iā€™m willing to dip in a bit to make things work for how my life is shaping up post-work. I moved to a new city (renting) and rented out my house back in the old city. Iā€™m considering buying a house here. I might sell my other house in a few years. I have options and the money makes those options broader. I might not execute these moves with economic perfection, but the money I have makes me feel like some slippage is not going to wreck me. Up until now, I have considered the brokerage stocks to be on untouchable lockdown. That is no longer the case if I can convert the money into what I need to be happy here in this new city ā€“ and I realize now that I really hate renting. + +**Reflection 4: Sometimes I feel like it isnā€™t quite enough (how the fuck)** + +Some people will always complain that their lump of gold isnā€™t big enough, and I tend to think those people are pain in the ass jerks. That said, I realize that there are times I wish I had a bit moreā€¦ to put into special projects or pursuits that did not dip into my block of savings. One Idea I have had is to do some pick-up work and use 100% of that money for special projects and no savings. I havenā€™t quite figured it out yet, as these are just ideas right now, but the big revelation is that I thought Iā€™d be done with feeling like I needed (ā€œwantedā€ is a better word honestly) any more money but if I am being honest, that is not the case. + +**Reflection 5: I thought I might want to do some work ā€“ I was right** + +I took on a little work, but not too much. I helped a friend define and scope out a professional pivot and we figured out a way to do some additional work together. Working with him after 16 months off was really fun, and reminded me that I have some pretty cool superpowers that others do not. I think maybe you get so used to doing your thing in your groove that it becomes hard to take a bystander view. Applying myself to his situation which had some overlap to my old work but was also novel in many ways, and adapting my strategic consulting on the fly was quite satisfying. Drinking whiskey while consulting might have helped. That kind of work makes me feel a particular kind of excitement that I donā€™t get in other places. I need to learn how to tap into that more. + +**Reflection 6: Itā€™s ok to do nothing sometimes** + +While I always had a great work ethic, Iā€™ve never been a person to endlessly grind. I appreciate quiet reflection time, or do nothing except stare at the water time. Now that I am FIRE, and only working every once in a while (seriously ā€“ not a lot) I can forgive myself if a day or more goes by and I havenā€™t done anything particularly useful. I no longer view it as ā€œwasting timeā€. I also think of all the days I went to work, mucked with emails, cranked the levers of industry, and went home, made a fire and drank a beer and ask ā€œhow different, to me, truly, is what that *was* vs. what this *is* from a personal growth, usefulness, or other internal concept?ā€ The answer is basically ā€œthey are the same.ā€ + +**In closing** + +Iā€™ve acclimated to my new method of financial cycles. The discomfort in the novel has faded. Iā€™m in a bit of a spot where itā€™s hard to make certain types of plans due to my aging parents and the potential for radical changes in their lives that I want to be able to help them navigate. Itā€™s not radically tying me down by any means, it just changes the scope from ā€œ100% complete autonomy and freedomā€ to something a little less so for a bit. + +Iā€™ve taken up a bit of woodworking. I went to physical therapy for my lower back and have really focused on getting that in order ā€“ it feels better than it has in years! I cook a bit more. I read books. I write essays. Iā€™m involved in an online community working on some future technology in the cryptographic space. I take a lot of walks. Iā€™m never bored. + +I feel like Iā€™m in **ā€œphase 2: acclimate and relax.ā€** Happy to answer any questions. + +**Edit: Ok guys, I'm out. See you again in a year or so. Thanks for the questions, well-wishes and conversation** +My dad is around in his 60s and he's never believed in investing as he constantly saw losses. I want him to start investing but I think it's too late for him at this point. He's currently working as much as possible to save as much cash before retiring. + +He's an independent contractor so he has no retirement benefits other than social security. What is the best thing he can do at this point? With inflation at a high rate and USD being pumped into the economy at huge amounts, his cash is severely devalued. +Hey y'all. + +Right now I make around 140k a year, and am maxing out my: + +* 401k + 3% company match, +* Roth IRA +* HSA + +Doing the 401k and HSA is very nice due to the tax benefits, but now I want to start saving more for real estate. I have a little over 100k in my 401k in my late 20s. + +Should I contribute the minimum to my 401k for the match and start saving more cash for a rental property? I currently have a permanent residence I got during the pandemic, but want to get my first rental property out of state (living in CA). + +Any advice or experience for those in a similar situation? +Hello! + +I currently live in Seattle and really can't find anything within my budget for investing in. Does anyone here have properties outside of where you live? How is managing that? Do you visit it a lot? +Hi all, + +Looking to hear from people who have maybe saved a bit more towards a deposit on their long-term PPOR, rather than buying a small property first as a way of getting on the ladder earlier. I'm considering purchasing in the next 2 years and have $60,000 saved. + +I am a 29 year old doctor, engaged to be married this year (wedding mostly paid off), with a toddler and a dog. We would like to have a reasonably large property size of 1,000 square meters in the outer Melbourne suburbs to have backyard chickens and grow a bunch of food as we love permaculture and gardening. + +For these reasons, we've been thinking that it would be better to not just save for a first home, but to purchase our forever home so to speak. I can't really see any pitfalls to this apart from taking longer to save for a deposit, and the pros are obviously avoiding paying stamp duty more than once. + +Is there anyone else been in this position that could share their experiences or advice? +I am a newer cryptocurrency owner and It seems that ETH is one of the best options for long term investment the moment. if my portfolio would only take up a smaller amount ($100-200)USD, is it worth the investment for strictly ETH now? And if so, what price level do you think i should BUY BUY BUY and what would you predict ETH to be worth 1-2 years from now? thank you +Ran across this sub in popular... always been interested in trading but usually stock market type stuff. This sub seems to be based on eth which is some kind of bitcoin?? Please help:) +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! + +TL;DR thanks to the awesome community that put up with my feverish shit comment the other night and gave me advice. This is a great community and I'm glad to be part of it :) + +So first of all I would like to apologize to anyone who was upset (for whatever reason) over my very off topic comment the other night. I will admit that in hindsight there were certainly better places I could have asked about having too high of a fever. However, this sub is one I feel at home at and I knew that my half gibberish comment would be interpreted by someone knowledgeable that was lurking and I would have a response in minutes. I was also very very feverish and could hardly type full sentences and there was no way I could have managed to read through enough stuff on google to know what to do. I knew I'd get a straight forward answer here and that's exactly what I got. + +I want to thank /u/byron111, /u/hodlor, and /u/jtnichol for caring and giving me advice. I especially want to thank /u/jtnichol for following up with me so much and showing such legitimate concern. It really helped me feel like a real part of this community. As far as my fever and sickness I was able to get a friend to come over and help me to get proper Tylenol and monitor my fever (checking temp every 30mins to 1 hour). Not too long after my post it dropped back to 102.5 and with constant hydrating and Tylenol we got it in the low 101's and decided I could wait til morning to see a doctor (ER visits are too damn expensive). I slept most of the day Monday, and ended up not going in to the doctor at all, but I have had a very low grade fever all day today and have still been quite achy and weak feeling. If it persists through tomorrow I will definitely be going in to the doctor. + +Thankfully I asked on here when I did because I was drifting in and out of concessions and wouldn't have texted my friend if I hadn't gotten /u/byron111's message when I did. If I had just passed out without asking anyone for help or getting medication to help with the fever it probably would have kept rising and there's no telling what would have happened. Thank you everyone in here for being such a great community! I can't wait to be back at 100% so I can be involved in the daily conversations and such again! +If every subscriber of this sub donated 1 dollar we would have more than enough money to run a 2 second add that just says ā€œBuy Bitcoinā€. Massive advertising to 111 Million people. +It may just be bias from what I've seen but people don't seem to utilize the food bank. It is there to provide food. You don't have enough food? Go to a food bank. They even have special thanksgiving and christmas hampers that come with coupons and toys. + +And if you are worried that you aren't poor enough? Don't. I've volunteered at food banks and they'd rather have 100 not poor enough people than a single person skipping the food bank due to shame or guilt. + +You don't have to suffer eating beans and rice. There I help out there. Not to mention that most food banks also provide additional services like paying an odd electric bill or helping you interview. + +Edit: I have had my eyes opened about how much bullshit most food banks are. The ones I've used/volunteered at have been a completely different experience with decent food, delivery to those unable to go on person and may only be open for a few hours but it's in the evenings. I am so sorry for all those who have jumped through so many horrible hoops. +There is nothing wrong with a person doing what they please with their money. Thatā€™s the whole point of having decentralized cryptocurrency. If someone wants to have 80% of their portfolio in the big dogs and 20% in SHIB, who cares? The righteousness of this sub is boring. Do you, and let everyone else do them. +What is the standing of your portfolio compared to the peak at January? + +Till which value of index/month do you think the downtrend will continue? + +Any site where I can track the p/e of smallcap and midcap indices? +One thing that seems to have increase in popularity over the past year is trading in F&Os. A lot of people I know buy F&Os on Kite like kids in a candy store. I personally believe that the average retail investor should stay out of F&O as much as possible. + +1. The time component - + +Most F&Os have a time component which means that apart from the business factors of the underlying, there is a whole new dimension that needs to be analyzed when dealing with F&Os and this is the time component. As the time passes by, if you're long(short) an option or a future and if the underlying is going down(up) then you would have to eventually close it at a loss. In case of options, you lose your entire premium if you don't close. In case of futures, you would be forced to close at a loss or take delivery of a lot of stocks by posting additional capital. To know the value of the time component requires mind boggling mathematical calculations. Yes there are websites which will do it for you and spit out an answer but to be able to comprehend what the answer means is where I feel 99% of retail investors fail. + +The time component is missing when you take delivery of stocks. So this essentially leaves you to deal with only the underlying business factors of the stock and completely removes the time component related calculations. Of course, one could probably calculate the value of money invested by compounding at FD rate but that's pretty much the only time component related calculation when you take delivery of stocks. + +2. It is a zero sum game - + +Every time you buy an F&O, you're essentially entering into a zero sum game. Either your win or the person on the other side of the table wins. There will never be a situation where both of you can win. More often than not, in a F&O, the retail investors collectively lose to some much larger institutional investor. This means that if you're someone who doesn't know what he's doing then even going by random probability, your chances of losing money via F&O are much much higher. + +Stocks are not a zero sum game among the participants of stock market. You could take a position in HDFC and so can a hedge fund. Eventually if HDFC does well and generates profits that lead to dividends and residual equity then both you and the hedge fund win. Of course, if HDFC is doing well then on a broader scale someone in the broader economy is losing out somewhere but there is no zero sum game among the market participants as such. It could hypothetically be a zero sum game only if the % of people long HDFC and short HDFC on all the outstanding shares are 50% in the market. But that's hardly ever the case. That however, always is the case with F&O. + +3. The volatility means that your kite app on a jio 4G connection is too slow - + +F&Os change at a much rapid rate than the change in the underlying. Mostly it is algorithms that can effectively trade in F&Os because they are quick to react to changes in the market and constantly analyze everything according to the rules fed into them. If you're someone who has a Kite mobile app and a Jio 4G connection then chances are that within the blink of an eye your F&O position goes from a profit to loss and there's little you can do. By the time you're done closing the position, the loss is even deeper. + +Edit - + +You could possibly own an extremely out of money put option every month if your portfolio is above 1 lac+. This would help you hedge against some random event like corona or 2008 were it occur some month in your investing career. Apart from that, I really don't think F&O makes sense for the average retail investor. + +Edit 2 - + +I'm all aware of hedging and the various strategies which one can make use of such as strangle, straddle, iron condor etc. Most people do not even fully comprehend the true value of a naked position in an option. When you combine multiple options together, the underlying mathematics becomes even more complex. If you're gonna tell me that someone who uses Kite and a Jio 4G connection can accurately determine what a particular % move in the underlying will make on a combination of options someone has entered into and act upon it then I'm just gonna believe that I have been living under a rock all these years and people are much much smarter than I thought. +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +So Nifty PE (https://craytheon.com/charts/nifty_pe_ratio_pb_value_dividend_yield_chart.php) has reached bubble levels. Historically the NIFTY PE hasn't stay above 25 for long, often prompting a correction. In light of this, how are you guys planning for the coming months: + +- Results have been mixed +- We've entered a phase where retail investors are increasingly entering equity (Fearful when others are greedy, greedy when they're fearful) +- Risk of staying invested vs losing out on the ongoing bull run + +How are you folks treading this phase? +Over the last year e.g. used cars, timber, recently gas and uranium have exploded in price. Especially the timber and uranium charts look like classic bubbles. Is there a way to gauge how much of that price increase was due to "real" supply constraints, i.e. producers / logistics not being able to supply the real demand by consumers of the product, and how much was due to speculators buying up supply to artificially produce a shortage? +Our NW is just under $5M. We have rental properties and a quiet suburban life near Seattle. Our umbrella policy is at $1M right now and it feels like we should bump it up to the max of $3M. + +How are others determining what level of coverage to have via an umbrella policy? +Hey Fatfire community - I post here occasionally, but am using a throwaway as my main account might make it possible to identify company. + +I have negotiated a verbal agreement with founder of my company for a % equity stake and we are meeting on 1/27 for yearly meeting, where I will be requesting that we get everything in writing. For those of you that have done this before, what are the nuts and bolts of getting a verbal agreement on paper? Does this require a new employment agreement, do I have to get a witness/legal help? + +&#x200B; + +Thanks in advance +Iā€™m shaking Iā€™m so mad right now. I went to use the atm on Sunday to deposit 500 dollars since my daughters daycare comes out Monday. I first put in 200 because Iā€™m always weary about those machines and low and behold the machine crashed. + +It eventually spit my card out but that was it. The money was not in my account. + +I immediately called to file a claim and the guy on the phone said 5 days and they would credit me. + +Today I stopped by the bank because I figured it couldnā€™t hurt to ask and the lady says she canā€™t help me and itā€™ll take up to 10 days then another 7 to credit my account. + +I said canā€™t you check the cameras itā€™ll take two min, she said no thatā€™s only for the police. So I said ok can I call the police because you stole my money?? + +Iā€™m defeated. I have no insurance and have the most messed up tooth right now that I canā€™t afford to fix and now this shit happens. That was my rent money. + +So anyone who reads this. Donā€™t use citizens bank. They donā€™t give a fuck about you +Yes, the title says it all. I firmly believe this market is incorrect on a lot of things. No, I am not saying I am shorting it. No, I am not saying if youā€™re investing youā€™re about to go through a massive correction. I will say this thoughā€¦ + +Yesterday, Visa reported earnings that were a hit. They did great, EPS was way up, revenue was way up. Not only thing though, they are raising their dividend for their investors. Theyā€™ll be paying you even more for owning their shares because they have such great cash flow. The market opens today, theyā€™re down over 5%. MA, which reports tomorrow morning, is down 6% with it. One could assume theyā€™ll have pretty similar earnings and revenue. Maybe even up their dividend too (donā€™t hold your breath for that one, but who knows). But Tesla, a company who has sold patents, licensing, and Bitcoin to pad their balance sheet for specific quarters so that their earnings look better to the common shareholder, went up 12% because a company that was on the brink of bankruptcy pulled a publicity stunt saying theyā€™d buy 100K cars. + +These are just examples of what is happening as a whole in our market. Iā€™m buying these companies who are being screwed and I can tell you this, I am right and the market is wrong. I warn any investor who is partaking in this, because greed and speculation has run rampant while fundamentals and discipline has been thrown out the window. + +Watch. +[2017 Health Insurance premium increases from $679/month to $1,355/month!!](http://i.imgur.com/aDXB4qT.jpg) + +I just received this letter from BCBSOK notifying our family (2 adults, 2 children) that our 2017 health insurance premiums will be increasing from $679/month to $1,354/month for the exact same plan (PPO 006)!! That is a 100% increase in one year!! Also, our individual deductibles are increasing from $6,000 to $6,500 each. For reference, the plan is BCBS Oklahoma Bronze Plan PPO 006 (HSA): http://www.bcbsok.com/pdf/sbc/2016-compare-bronze-plans-ok.pdf. This is a Health Insurance Marketplace plan and is one of the cheapest plans offered by BCBS (who is now the only remaining health insurance company in Oklahoma). + +So, for 2017, our family will be paying out $16,256 in premiums PLUS a $6,500 deductible per person (i.e,. total of $22,256) BEFORE our insurance will pay a penny for any medical care, prescriptions, etc.!!! + +This is outrageous!!! I am self-employed and adding another $680 monthly expense is devastating. We are in Week 7 of Dave Ramsey's Financial Peace University and were excited to have a plan to better manage our money. And then our health insurance premiums double!?! $1,354 per month is a freaking house payment (except it will never be paid off and there is no equity)! + +So much for saving for our kids college or for our retirement or other future plans. I wonder how other people are handling these skyrocketing health insurance premiums? Are there any good suggestions for self-employed individuals to join some types of groups or organizations that may have lower group-based premiums? + +Feel like I'm learning a ton just lurking here the last few days. Been working like crazy the last 20 years, including running a smb the last 15, which I just sold. Staying on for now to the tune of $200k/year - still enjoy the work and have some earnout targets to work towards. Single earner, wife is taking care of the boys till they hit kindergarten this fall then she's jonesing to work but hopefully something flexible so we can work in a fair amount of travel before kid commitments start going through the roof. + +For others who've sold, was it super chaotic? We moved around the same time which definitely added to the insanity. I probably could have been a lot more organized and handled the whole process better, but there were a lot of days when I felt I was barely staying above water. There was also a part of me that probably never even really accepted it would really go through, or that somehow irrationally feared allocating more resources to the process would somehow ensure its failure. Glutton for punishment in some respects I suppose. + +Finally starting to get a bit better rested and get my head wrapped around things. Obviously feeling super blessed and certainly excited at the prospect of spending more time with the kids (and maybe even eeking out a few minutes for myself one of these days???) - but just feel like i'm constantly fighting a ton of fires. I guess residual moving/settling craziness plus the holidays (and all our birthdays) will do that. + +Any suggestions for someone who'd like to eventually spend some time being semi-involved in the finances but for now needs some training wheels? Happy to pay for good guidance but some of the fee structures for advisors seem out of whack. + +Assets are like so: + +Home \~$500k equity with $1m mortgage + +Retirement \~$650k (probably \~30/70 pretax/posttax $) + +Land $1.5m + +"Fun" Funds \~$820k (single stock, picked a winner and more than doubled in less than a year) + +Cash \~$5.8m (about $1.5m going out the door come tax day) sitting in a 1.7% high yield savings while i figure out where to head with it + +So I guess NW is somewhere in the $8-8.5m range, moved from VHCOL to HCOL (well housing and prop taxes are high in our immediate area, otherwise not too bad). Spend for 2019 was pretty crazy with moving in the picture, but I'd peg more typical spend at around $130k a year, including a $4.6k/mo mortgage. Got my wife her dream car, I'm going without one for the time being but got myself a nice bicycle and am definitely splurging a bit on food. + +Very much appreciate everything I've learned here so far! +I'm seeing a lot of posts from young investors (as young as 18), taking first steps into the stock market. Of course their capital's very small, often less than $1,000, and they are all excited to make big bucks fast. + +I'm just genuinely worried that a lot of these investors are taking the stock market as a place to gamble, and not put any thoughts into the stocks they purchase, and take actions very emotionally. Too many of you are eyeing on penny stocks, or companies that have been beaten down so much from COVID, even filed for Chapter 11. + +Sure you may get very lucky and double your bank account in a week, and think to yourself, "man I'm a good trader." I believe there are people out there who are truly good traders. However, chances are that you are not one of them, and 99 percent of yall will lose money if not all in a few months. This is gambling and not any different from taking your $1,000 to Vegas and putting it into a slot machine. + +What I really want to tell you guys is, try to be patient, and buy stocks with a very constructive reasoning behind it. You spend hours thinking about how to spend $20 on clothes or shoes you want to buy. Then, why can't you put just as much thought, if not more, into stocks you will be investing hundreds of dollars in? If you are spending so much money on something, you gotta be able to convince not only yourself, but also your parents, friends, people, with a load of information, take constructive criticism, etc.! + +And really, keep buying, and get a habit of buying often. 1st of every month could be your investing day, and you will transfer like $50 dollars to your account to buy another, i don't know, Coca Cola stock. These small things will add up with the compound law, and in 10 years you won't believe where you are at. (If your initial investment grow 10% every year for 10 years, you will be up 150% in total, and S&P 500 does grow approximately 10% every year on average). + +So summing up, young investors, you started early and time is on your side. Always be patient and be thoughtful with your decisions! + +Good luck to yall! +I've been through a few offices of major corporations in the CBD and they are next to empty. WFH seems to be here to stay. What's your take on what's going to happen? +Thanks to Optus doing the online equivalent of leaving a classified briefcase on a public fountain, there's now 11M more people who are at risk/victims of identity theft. If you're one of those, welcome to the club. The drinks suck and the music is run by a DJ with more confidence than talent. + +Allegory aside, I'm glad that people in other threads have highlighted the different ways of preventing the ID theft from biting your pocket line for a while. + +But I thought that I'd ask about how to repair damage that's already done. My ID was skimmed while I was in hospital in 2019, and I was left with no real direction to stop anything. The cops were alerted, but sat on it, even after my checking around found an empty bank account in my name had been opened. + +Since then, my credit rating's gone to pot. I wouldn't loan myself money, and this affects all sorts of financial interactions. What can I do to repair the damage? I initially started contacting people to advise them that it probably wasn't me borrowing money from an IP address in California, but even armed with police report numbers most companies didn't want to know anything more than just where to send the bill. +Elon tweeted in 2018 thatā€™d heā€™d take Tesla private at $420 a share. Last week, he made an offer to buy Twitter for 54.20 a share. Ryan just responded to Elonā€™s tweet publicly for the first timeā€¦ last time he responded to someone he had garnered their attention and they ended up aping into the stock days after. Guess what this Wednesday isā€¦ 420. Probably nothing. +Apologies if this is a dumb question- are there any inherent advantages of going with either just XEQT or buying the four underlying funds separately (in the same proportion as XEQT) instead? Like is one recommended over the other? I donā€™t mind spending five extra minutes making four trades instead of one, but I was curious to understand if there is any advantage in doing so? +I think tomorrow will be a 'two circuit breaker' type of day until the fed steps in and start buying trillions of dollars of stock directly which is the new rumour on next steps to help the market since today 100 basis point interest rate cut doesn't seem to be working. +Hi everyone, + +In April I started working on a net worth tracker for myself. Somewhere along the way it morphed into a sheet for friends, family, and anyone looking to get a hold of their finances. The goal of the sheet is provide you certainty about your financial situation in a time of uncertainty. + +Advantages of the sheet over other net worth trackers: + +* 100% Free +* No APIs that constantly break. Other trackers that have APIs have to constantly update them and experience periods where the connection is broken. +* Your data is yours. We have no access to your data when you make a copy. +* The sheet is setup to last for many years with minimal to no updates +* Full user guide to make the sheet easy to learn and use + +Highlights of the sheet: + +* Motivating goal tracking +* Customizable dashboard +* High level of detail if you want it, high level overviews if you don't +* Ability to track self employed users +* Ability to track individuals and couples +* Wedding expense tracker if you need it + +In addition to the sheet, I created a full user guide to allow you to jump in and start taking control of your finances. + +# [The Money Checklist](https://docs.google.com/spreadsheets/d/1_sT9GObi-xL-1-c6L4niyQvnLs8gLMtu0nSrTDDkHi0/edit?usp=sharing) + +and + +# [User Guide](https://drive.google.com/file/d/1Ipc_jsImAdDRMPrBQ6C_q4S9N7SROai3/view?usp=sharing) + +If you like the sheet, share it! + +Thank you and happy holidays! + +Edit: added the word "and" between the sheet and user guide + +Edit 2: Updated the link to Version 1.1. On the Instructions tab I included all changes made due to the help of this community. + +For users with the old version, updating to the new version is as simple as copying and pasting beige cells from the 1.0 version to the 1.1 version. You can copy groups of cells at one time. Just be careful not to copy white cells with the beige. If you copy and paste columns G and H on the Bank Activity tab, the dropdowns will not appear but the sheet will still calculate correctly. Follow the user guide if you need the dropdowns to appear for some reason. +It was a mixed opening day for the week. Usually shortened weeks tend to be bearish. If the markets pulled back this week a little bit, I would take that as a great chance to pick up some more long term positions. My portfolio is down 0.76%, or $5800, today. The small loss is mostly due to the ARK ETFs and tech stocks I have pulling back. I will be looking to pick up some LEAPS in ARK as well as most likely rolling my AAPL April 16th call. + +* SPY: -0.09% +* QQQ: -0.34% +* DIA: +0.17% + +**Notable Recent Picks Today:** + +* **$MVIS +21%** +* **$CCIV +29%** +* **$STPK +20.7%** +* **$PSTH +9%** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**My account:** + +https://preview.redd.it/sgay2i6e7yh61.png?width=1018&format=png&auto=webp&s=a1d9d1e4869ca5427c0c5c994d8570cdb92d49d0 + + Positions filled: + +https://preview.redd.it/10lh837f7yh61.png?width=1018&format=png&auto=webp&s=463400d4538956c43e7c65f12fea5e291b1522ff + + Positions cancelled: + +https://preview.redd.it/jlhv597g7yh61.png?width=1018&format=png&auto=webp&s=f40f6cd631abb0532f2e1b8af87355423c87aaf6 + + Current Open and Closed Options since Feb 16th: + +https://preview.redd.it/k8z74d0h7yh61.png?width=1018&format=png&auto=webp&s=f6181ee355fde5313e76976dd089622fa09388fe + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Adding to Watchlist:** + +**$NNDM:** Nano Dimension LTD is a additives electronic provider in the tech sector with 3D printing capabilities. $NNDM has just had a secondary offering for $500M worth of shares at an 18% discount. This has driven their share price down about 6% today. The company stated that they will use the money for working capital to further expand their business and for corporate actions. Currently in the after hours market, the stock seems to be bouncing off a weak support. This could be a perfect time to put some money into a mid-term call if it holds the support. If not, DCA down to the stronger support. + +* Target Price: $25 +* Entry: <$15 +* Risk: 4 +* Timeframe: 2-4 months + +https://preview.redd.it/omn8j1nj7yh61.png?width=1018&format=png&auto=webp&s=5337665a54743897fdebd49b7cfdc60052ba5840 + + + +**$ACIC:** Atlas Crest is a SPAC that has entered into a definitive agreement with Archer Aircraft, a flying vehicle manufacturer, to merger in the 2nd quarter of this year. If we look to the future, we will see that there will be a huge demand for flying vehicles, especially for deliveries. United Airlines has put in a $1B order for Archer's aircraft already. Also, in my opinion it is not farfetched that flying taxis could replace helicopters in the next 10 years. Technical analysis is not needed on this one - I will be buying shares and dollar cost averaging through the official merger. + +* Target Price: $20 +* Entry: <$15 +* Risk: 5 +* Timeframe: 2-5 months + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Notable Mentions:** + +**$PLTR:** Palantir has recently came under pressure because of some negative publicity. To sum it up, the come company has some controversial clients. In an error of political correctness and social justice, this has caused the price to drop off the face of the Earth. $PLTR was down 12% today. Personally I see this as a buying opportunity. Since the last time I wrote about this, it has blown through my buy zone. Simply put, I will be watching this one carefully and will start to dollar cost average into some positions. + +* Target Price: $40 +* Entry: <$25 +* Risk: 5 +* Timeframe: 2-4 months + +https://preview.redd.it/ioq0dpzl7yh61.png?width=1018&format=png&auto=webp&s=516d093fc74b8640024f5d8a7bf3f07a02aca84a + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I will be watching all of the ARK Invest funds as well as $QQQ for a possible entry into some LEAPS. I'd like to increase my exposure and seeing how they are down a little bit right now, it could be a good time to DCA into some long term positions. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Note: Risk (1 out of 5) is my opinion of how risky the stock and these plays are; 1 being the lowest and 5 is the highest. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Disclaimer: The comments opinions and analysis expressed herein are for informational and educational purpose only and should not be considered as individual advice or recommendations. +From Credit Suisseā€™s latest global investment returns yearbook, Generation Zā€™s earnings from stocks and bonds will be significantly lower than those of previous generations. + +https://www.economist.com/graphic-detail/2021/03/15/young-people-stand-to-make-dismal-returns-on-their-investments + +ā€œThey estimate that baby-boomers (defined here as those born 1946ā€“64), Generation X (born 1965ā€“80) and Millennials (born 1981ā€“96) have all earned average real returns of at least 5% on equities and at least 3.6% on bonds. The authors then forecast what Generation Z might expect to earn in the coming decades. To do this, they assume that the real return on equities will be equal to the inflation-adjusted return on a risk-free asset (represented by Treasury bills), which they estimate at -0.5%, plus a ā€œrisk premiumā€ for buying equities of about 3.5%, for a real return of just 3%. For bonds, the authors assume the current, negative real yields on the index-linked variety. All of this adds up to annualised returns for Gen Z of a mere 2% on a 70:30 portfolio of stocks and bondsā€”not even a third of the historical return of the baby boomers (see chart). These guesses could prove too pessimistic, but perhaps not dramatically so.ā€ + +Sorry for the paywall, I canā€™t get past the first part if anyone happens to have an account and can post the full article in the comments. + +As a young investor, this isnā€™t too encouraging. What do you think? Just looking to start a general discussion. +Iā€™m 28(F). Partner is 30(M). Kid is 2 + +Renters. No savings. + +Combined debt of Ā£10K. Weā€™ve aggressively paid off ~Ā£15K this year and weā€™re pushing through. Selling a lot of things, downgraded the car, stopped spending! + +Partner has an accident insurance payout of Ā£18K pa but canā€™t work and earn more. + +Iā€™ve just taken a Ā£35K basic with Ā£55K OTE. Then a big payout from my last job in January will go towards further debt. + +This last year Iā€™ve got REALLY serious about finances and weā€™re being so much better. Looking to be debt free end of 2022 (just before Iā€™m 30) and then buy a house the following year using a generous deposit from my parents. + +I just feel so old (even though Iā€™m not) to be starting to be careful. I used to be in SO much debt (Ā£30K ish from 20ish) as Iā€™m a recovering addict. I keep reading stories about people who are paying mortgages off in their 30s and maxing out pensions. Not buying a house for the first time. Most of our friends have had a house for a few years or upgraded already! + +Weā€™re considering more children but want the house first. But Iā€™m worried weā€™re not being sensible over costs. Iā€™m constantly worried I donā€™t earn enough to future proof in the event of a catastrophe. + +Are we mental? Have we left ā€œgetting seriousā€ about money too late? + +Edit to add: Thank you so much to the overwhelming wall of voices telling me Iā€™m actually doing fine/more than fine and ā€œstop comparingā€. This was bizarrely therapeutic and itā€™s given me a lot to think about. Iā€™m going to tailor in some goals and breathe more - and keep it in the day! +I'm trying to get a better picture of how much awareness there was of the booming tech industry in the 1990s and early 2000s. + +How comparable is it to the crypto boom today or any other (tech-unrelated) field? + +&#x200B; + +It seemed very easy to just make a "startup" if you were into programming and could actually build something of value. Sure the resources were not really there and the tools were limited. Making a simple website was for example much harder than it is nowadays. However many people could have tried their luck but they didnt. I'm trying to figure out why. Maybe only a few people knew about the upcoming new technology or they heard of it but remained sceptical? +$SNDL Sundial Growers Preparing for Liftoff + +Sundial Growers: The Next Big Breakout In The Growing Weed Sector + +Full Disclosure: I wanted to post this to WSB, but I guess the ticker is banned. I would appreciate any feedback on my DD tho it is my first "official" one. I saw [this post](https://www.reddit.com/r/pennystocks/comments/k3n1a4/sndl_sundial_growers_inc_psa_remember_the_golden/) and wanted to follow it up with some research. Please roast me. + +**//ABOUT** + +Sundial Growers is a Canadian weed company. It employs a little over 1,000 employees. It IPO'd at \~$11 a share. Since then, it has drilled due to poor performance and a lawsuit regarding product shipment. However, with new leadership, it appears to be a possible tendy printing machine. The company itself is very transparent; a quick google search of their website [www.sndlgroup.com ](http://www.sndlgroup.com/)can find readily available corporate policies, investor resources, and financial results. This is my first "official" DD, so let me know if you notice anything. + +**//WHY TO INVEST** + +* Pot sales are projected to grow to $24 billion in the US alone by 2023. It is expected that the overall industry will generate $200 billion in annual sales within the next decade. This year 13 marijuana bills pre-filed for a vote. The US House of Representatives is expected to vote in December on legislation that would decriminalize marijuana. It is a matter of time before either enough states individually decriminalize weed or it is decriminalized on a federal level. +* The price is right. Over the past days, I have been researching the stock price has increased $0.30 -> $0.74 (160%). Share price and premiums for calls and LEAPs are cheap enough to throw money. You can gauge how much you are willing to pay. +* Even with the massive increase in price over the past few days, it is still considered undervalued by 20-30%. +* Today's volume is 1,500,000,000+. Granted, it's a penny stock, but that is absurd. + +&#x200B; + +[Between Q4 2019 and Q1 is when the old CEO stepped down.](https://preview.redd.it/i2c6idveaf261.png?width=1332&format=png&auto=webp&s=57b749a72327d276e0b7a29fc34715fcbdcf31bc) + +&#x200B; + +[It is projected to grow more than double its pharmaceutical counterparts.](https://preview.redd.it/225mgu9iaf261.png?width=856&format=png&auto=webp&s=318ddc90978cd523b169f985715bef04c81825c5) + +**//CONCLUSION** + +Is this stock risky? Yes. It's a weed stock, not to mention a penny weed stock, technically. With optimistic reports and the potential for the continuation of decriminalization of weed, it may be a great option to throw some money at and see where it goes. + +**TL/DR:** Buy leaps and shares in $SNDL + +**Positions:** + +$1c 1/15/21 + +$2.5c 1/15/21 + +$1c 4/16/21 + +Shares +There will be an Annual Shareholder Meeting in June 2021. That's where votes on decisions about GME will happen. It might all go exactly as RC wants. If the Board agrees to decisions then big changes can happen then. If the Board does not agree then the changes Ryan Cohen wants can still happen but not until after the Standstill period ends which would be around March 1, 2022. + +[Agreement between GameStop and Ryan Cohen - January 11, 2021 8-K ](https://news.gamestop.com/node/18396/html#a101-gamestopxsettlementag.htm) + +**Shares** + +As of January 11, 2021 Ryan Cohen owned 9,001,000 shares, or approximately 12.9% of the Common Stock issued. + +This percentage matters because when someone owns 15% of GME then they are an "interested stockholder" and there are burdensome legal requirements and restrictions on activities between the large shareholder and the company. [The agreement](https://news.gamestop.com/node/18396/html#a101-gamestopxsettlementag.htm) expands the percentage to 20% without triggering this. In exchange RC is agreeing to not do a hostile takeover. + +Note the difference of 12.9% - 9,001,000 shares and 19.9% shares - ~13,930,000 We don't know if or when RC will purchase shares up to this limit. + +**Composition of the Board of Directors** + +- The Board temporarily increased from 10 to 13 directors, This created three vacancies filled by Alain (Alan) Attal, Ryan Cohen and James (Jim) Grube. The terms expire at the 2021 Annual Meeting probably in June 2021 + +- Mr. Attal was appointed to the Compensation Committee of the Board, Mr. Cohen was appointed to the Nominating and Corporate Governance Committee of the Board and Mr. Grube was appointed to the Audit Committee of the Board, + +- Current Board members Lizabeth Dunn, Raul Fernandez, James K. Symancyk and Kathy Vrabeck will not stand for reelection at the Annual Meeting. + +- The planned slate of director nominees for the Annual Meeting are: Alan Attal, Ryan Cohen, Paul Evans, Reginald Fils-AimĆ©, Jim Grube, George Sherman, William Simon, Carrie Teffner, and Kurt Wolf. + +- If a Board member must be replaced during the Standstill Period and RC owns at least 4.0% of the Companyā€™s then-outstanding Common Stock and (y) 2,789,878 shares of Common Stock RC can recommend a person to be on the board (clairfication: to replace RC, Attal, Grube or other Replacement Board members - if needed. Thanks u/OG_Kushions) + +- Ryan Cohen is not accepting any compensation as a Board member + +- RC cannot seek, alone or in concert with others, representation on the Board, except as specifically permitted + +From u/YouAreAPyrate + +- The Slate of Board Members is not definitive. [From the 3/23/21 ER](https://news.gamestop.com/node/18661/html#i3ad65c8584a445ee94e4314f67ce616c_109) + +>As of the date of this Form 10-K, the Board has not determined the definitive slate of nominees but currently expects that the following incumbent directors will retire from the Board at the 2021 Annual Meeting: Lizabeth Dunn, Paul Evans, Raul J. Fernandez, Reginald Fils-AimĆ©, William Simon, James K. Symancyk, Carrie W. Teffner and Kathy P. Vrabeck. The contemplated retirements are not because of a disagreement with us on any matter relating to our operations, policies or practices. + +**Ryan Cohen agreed to a Standstill Period.** + +Standstill Provision + +From January 11, 2021 until either 30 days before the deadline for the submission of director nominations by stockholders for the Companyā€™s 2022 annual meeting OR 120 days before the first anniversary of the 2021 Annual Meeting whichever is first. So around March 1, 2022 + +*Calculation of time* +If the meeting is June 1, 2022 and the nominations must be submitted 60 days before that April 1 then the 30 days prior to that would mean March 1, 2022 +or + +If the meeting is June 1, 2022 the 120 days before that is March 1. + +**Limits on what Ryan Cohen can do during the Standstill Period** + +During the Standstill Period, Ryan Cohen cannot: + +- nominate or recommend for nomination any person for election at any annual or special meeting of the Companyā€™s stockholders or otherwise seek representation on the Board + +- submit, participate in or be the proponent of any proposal for consideration at, or bring any other business before, any annual or special meeting of the Companyā€™s stockholders + +- seek the removal of any member of the Board + +- initiate, encourage or participate in any ā€œvote no,ā€ ā€œwithholdā€ or similar campaign with respect to any annual or special meeting of the Companyā€™s stockholders or encourage anyone to do so. + +- vote against directors nominated by the Board or recommendations of the Board UNLESS both [Institutional Shareholder Services Inc.](https://www.issgovernance.com/) and [Glass Lewis & Co., LLC](https://www.glasslewis.com/) recommend otherwise, then RC can vote in accordance with the ISS and Glass Lewis recommendations; and RC can vote in its sole discretion as to publicly announced proposals relating to a merger, acquisition, disposition of all or substantially all of the assets of the Company that requires a stockholder vote. +- Take over or buy out GME to own or control more than 19.9% of the outstanding shares of Common Stock without prior board approval. He also cannot encourage a third party to join in a merger, tender (or exchange) offer, acquisition, recapitalization, restructuring, disposition, business combination or other extraordinary transaction involving the Company. + +- If Ryan Cohen buys more than 20.0% or more of the outstanding shares without prior Board approval, he will be an ā€œinterested stockholderā€ of the Company (normally its 15% ) and be subject to restrictions on any business combination for the next three years + +- cannot form a group or solicit proxies to consent or to vote for the election of individuals to the Board or to approve stockholder proposals, or become a ā€œparticipantā€ in any contested ā€œsolicitationā€ for the election of directors + +- cannot call a special meeting of Stockholders or make any proposal for consideration by stockholders at any annual or special meeting of stockholders of the Company, + +- make a request for any stockholder list or other Company books and records + + + +Of course none of this is financial or legal advice. I can read and had some extra time so I wrote this up. Use it however you wish. And if I got anything wrong, let me know. + +edits. formatting/grammar +We're supposed to be in a bear market, it's perfect for me to get more bang for my buck. + +I was promised a year long bear market, at first I was saddened at the thought of seeing my portfolio dwindle down to low amounts but then I had excitement, I can get this shit cheap as chips. + +And what does the market decide to do, green green green. + +Can we get a few FUD stories going, maybe someone post about a CEX halting trading and being insolvent. + +Sure my limit sells are being filled but my poor poor limit buys are unfilled. + +EDIT - I did put a comedy flair, not sure if some people can't see it. +https://www.entrepreneur.com/article/394469 + +So long story short, you can buy SQUID but can't sell it. It may look like an amazing investment with the crazy growth but it is a huge con. Let me explain what the article says: + +On PancakeSwap you can buy into SQUID, but not sell. You can only sell when you have Marbles. Marbles are only earnable through playing the game You use your SQUID to 'buy in'. The first level buy in is 456 SQUID which at the current price of $37 each is $16,872 in total. All this just to play level one where you can lose it all. + +Clearly people are buying in on the hype, getting suckered and then buying more in the hope of getting out, driving the price up. They see their asset being worth potentially millions and then buy to try and get out but are stuck in an endless loop of horror. + +Having watched the series, it weirdly reflects the show quite well, but please don't get suckered in by this and avoid at all costs! +https://www.cnbc.com/2020/02/15/this-growth-fund-uses-popcorn-stocks-to-beat-the-market.html +