diff --git "a/reddit_finance_43_250k_298.txt" "b/reddit_finance_43_250k_298.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_298.txt" @@ -0,0 +1,10000 @@ +The D.F. Dent Premier Growth Fund, which has returned over 15% annually over the past 10 years and notched a 42.9% gain in 2019, historically beats both the S&P 500 and the Morningstar average for large cap growth funds. + +One of the fund's managers said it tries not to focus on capturing quick spikes in upcoming quarters but instead looks for stocks that have the potential to grow dramatically within a wider time window. + +The fund takes a bottoms-up approach that's led it to some rather unique favorites like Visa, S&P Global and specialty insurer Markel. +Out of interest, what kind of jobs do you think offer the quickest pathway to $150-200k salaries these days? I’m taking about the quickest progression as well. Looking at restarting my career at 32 next year and been in investment finance for 7-8 years. But I haven’t been paid nearly as much as you think someone in finance should have been paid (never made more than $85k...because was on publishing side of things but learnt how to invest so my personal + super portfolio is worth close to $1mil). That said, with the idea of doing something that actually pays money, considering leaving finance to do something else that can jump start my career and where I can use cash flow to throw at stocks. Interested to hear what careers you think offer quickest salary profession to $200k these days! I was thinking of moving to fintech but can’t really see many jobs advertised on seek for it - not sure the industry is really even that big in Australia as well. Hmmm +Guten Morgen to this global band of Apes! 👋🦍 + +My friends, the energy of this moment is incredible. +Yesterday, the SHFs put an enormous amount of effort into shorting the stock, driving the price down over 8%. +A quick survey of other 'basket stocks' shows that this behavior was spread amongst all of them. +This kind of thing has happened before, especally immediately following major declines across the broader market. +I have always assumed it was a reactionary move to their long positions, and the only 'solution' for the shorts is to make up for it with a price attack. + +Of course, today is Earnings Day. +We will get our quarterly checkup on our DRS progress. +We will see exactly how bullish of a position GameStop was in heading into the holiday season. +I could not be more excited for what is to come! + +Today is Wednesday, December 7th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$23.90 / 22,73 €** *(volume: 3757)* +- ⬜ 115 minutes in: $23.91 / 22,74 € *(volume: 3234)* +- 🟩 110 minutes in: $23.91 / 22,74 € *(volume: 3226)* +- 🟥 105 minutes in: $23.90 / 22,73 € *(volume: 3191)* +- 🟩 100 minutes in: $23.91 / 22,74 € *(volume: 3131)* +- 🟥 95 minutes in: $23.90 / 22,73 € *(volume: 2931)* +- 🟩 90 minutes in: $24.03 / 22,85 € *(volume: 2930)* +- 🟥 85 minutes in: $23.92 / 22,75 € *(volume: 2455)* +- 🟩 80 minutes in: $23.93 / 22,76 € *(volume: 2305)* +- 🟥 75 minutes in: $23.93 / 22,76 € *(volume: 2280)* +- 🟥 70 minutes in: $23.97 / 22,79 € *(volume: 2180)* +- 🟩 65 minutes in: $23.98 / 22,80 € *(volume: 1906)* +- ⬜ 60 minutes in: $23.93 / 22,76 € *(volume: 1882)* +- ⬜ 55 minutes in: $23.93 / 22,76 € *(volume: 1793)* +- ⬜ 50 minutes in: $23.93 / 22,76 € *(volume: 1750)* +- ⬜ 45 minutes in: $23.93 / 22,76 € *(volume: 1750)* +- ⬜ 40 minutes in: $23.93 / 22,76 € *(volume: 1707)* +- ⬜ 35 minutes in: $23.93 / 22,76 € *(volume: 1553)* +- 🟥 30 minutes in: $23.93 / 22,76 € *(volume: 1553)* +- 🟩 25 minutes in: $24.09 / 22,91 € *(volume: 1365)* +- 🟩 20 minutes in: $23.95 / 22,77 € *(volume: 430)* +- 🟥 15 minutes in: $23.94 / 22,77 € *(volume: 340)* +- 🟥 10 minutes in: $23.95 / 22,78 € *(volume: 52)* +- 🟩 5 minutes in: $23.96 / 22,78 € *(volume: 32)* +- 🟩 0 minutes in: $23.94 / 22,77 € *(volume: 32)* +- 🟥 US close price: $23.39 / 22,24 € *($23.74 / 22,58 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0516. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I’m a high school senior with exactly $1000 to my name. I haven’t saved any money for college and my parents haven’t saved anything either. I’m faced with two options : go to a community college which is free in my state (I only have to pay for books) then transfer after two years, or go to my state university which is around 30,000 a year. + +I think it’s more reasonable to go to Community College but my parents would be disappointed because i’ve always been a fairly good student and they expect more from me. People say that going to a community college is harder than you would think because you’re surrounded by people who don’t really care about school and it impacts your work habits. + +I just want to know what you guys think would be the better decision, both for my education and financial future. +Really excited to be able to come on here and share my first coin, after being rugged and scammed over and over, I've decided alongside my community to create my own coin that is going to be 100% safe and it feels great to actually be able to say that, I plan to be as transparent as possible to let people know that this coin is safe, I'm going to be in VC before presale, any questions any one has I'll try my best to answer. I know this space loves trends, so lets make it a trend to make legit coins that people can safely invest in. If you're interested in being a part of our community, join us in our telegram and get to me know us 🙂 + +&#x200B; + +What Is SafeMoonX? Created by the community for the community; SafeMoonX was originated by a community who were tired of constantly being rug-pulled within the BSC space and want to bring a safer rug-free dedicated token to the community. + +&#x200B; + +📱 Telegram: [https://t.me/SafeMoonXCoin](https://t.me/SafeMoonXCoin) + +🌍 Website: [https://safemoonx.xyz/](https://safemoonx.xyz/) + +Contract: 0x9f3adee0ddbe18e7f2354b4fd8456bd21f50792e + +&#x200B; + +Marketing Plans: + +\- Multiple CMS Posts + +\- Social Media Influncers + +\- Twitter Giveaways + +\- Poocoin ads + +\- Coinhunt and Coinsniper listing + +\- CG and CMC applications + +\- TBA + +&#x200B; + +💪 Ownership will be renounced after presale. + +🔒 LP Locked for 1 year + +Tokenomics? + +1,000,000,000,000 Supply + +Tax - 10% + +💰 5% Redistributed to holders + +♻ 5% of transactions fees contributes to the LP + +&#x200B; + +📱 Telegram: [https://t.me/SafeMoonXCoin](https://t.me/SafeMoonXCoin) + +🌍 Website: [https://safemoonx.xyz/](https://safemoonx.xyz/) +A few years ago, my dad lent me about 5K to move to a larger city to pursue a career opportunity after I had graduated college. It all worked out and he never mentioned it, until now that I recently got a raise and he brought it up, saying he wants to talk about me paying him back. + +I have no issues with this and believe it is the right to do, but I’m wondering if it makes sense to take the money out of my emergency fund (15K) and pay him back all at once, or if I should take him up on a payment plan that he expressed interest in doing. He’s not charging me any interest or anything, and the only reason I’m considering paying it off at once is so that I can focus on my student loans while settling that debt. What do you all think? + +UPDATE: + +He offered the payment plan, but I insisted on paying him back all in one sum. He absolutely refused any interest, and said that seeing me where I am today was more than enough. I took him out around town instead - we went sightseeing, and hit a fancy steakhouse. + +Thanks to everyone for your advice! feels great to settle that debt +BoC cut can only do so much to protect the economy but with the oil taking a massive dump, what will the broader effect on our economy? I think housing prices will begin to correct following market contraction due to reduced activity from coronavirus and low oil prices dampening the Canadian economy +It just strange to me that many CEOs and millionaires are so worried about our financial investment when it comes to GME. + +&#x200B; + +Some of these CEOs are the reason that my groceries bills went up by 11%+ even though the inflation has cooled down a bit and no more shipping /freight costs are back to the similar price before covid. + +&#x200B; + +We are just investing on GME. A single stock. A single company that barely has any debts and roughly $billon cash flow. Like why? Why shouldn't people invest on a healthy company like GME? + +Why are you (ceos) so worried about our poor people's investments? + +Why? +i'm 19 and i have zero debt. i currently am a waitor at a pretty nice restaurant. i make $30k/year which i feel like is a considerable amount for the little bills i have. i can potentially make up to $40k/year in my area serving. that is the highest that my friends make at nicer restaurants in the area. + +i pay about $800/month in expenses. $450 in rent and $350 in everything else from food to cell phone bill. i can save a fair amount of money right now, but i don't know how long it would take to save up 1 million at $30k-40k/year. + +should i go to college and try to get a higher paying job but come out with debt? or do you think i should grind in the industries that don't require higher education. if you could be 19 again what would you choose? + +all i know is when i'm 45 or 50 i want to be sitting on a beach working part time or not at all, and i have already started putting away as much money as i can. +Throwaway because I'm mortified with myself. I always prided myself on my job because I genuinely do love helping people with their finances. I work out of a branch of a pretty well known firm and I get to help people with their self-managed brokerage accounts and retirement accounts. Today I got completely thrown off guard by a client of mine when his wife joined us on the phone for the first time ever. + +Me and her husband were having our normal small talk, chattering about how the market is up positive for the year wiping out the year's losses so far and then we got down to their portfolio review. OUT OF NOWHERE this woman stars drilling me with my credentials, where I went to school, and was asking me all kinds of questions I didn't know the answers to. I didn't study finance, I actually studied history but I took on finance and got my licenses after college. I'm in my 30s and have been an advisor for 2 years. She started asking me about the futures market and admittedly I don't know anything about that. Then she was asking me about derivatives and swap defaults. I have no idea what those are. Then she goes on about sustainable investing, and I told her that sustainable investing is a trendy topic at the moment but we still like to focus on the fundamentals. She completely tore me apart saying I know nothing about managing money and she completely halted our conversation and ended the call. + +I'm sitting here thinking WOW, am I complete idiot?! I understand I should know better the different nuances of investing but to be honest all of my clients are pretty straightforward with pretty generic retirement goals and not all that savvy. This woman made me feel like a complete imposter. + +EDIT: WOW!!! I seriously did not expect this to blow up the way that it did. I really appreciate everyone's advice and I'm actually shocked that I'm not getting ripped apart. I really needed to hear the words of encouragement. Honestly yesterday was hell for me after this phone meeting and I have no idea why that woman got to me so hard but she did. I am reading through all the comments and trying to respond to everyone as much as I can. I'm going to take this as a learning experience and going to work on stepping my game up. While I won't be an expert at everything, I do feel that I could have done a better job over the last 2 years in educating myself in the areas outside of what I particularly work in on a regular basis. I never want to be blindsighted like that again. What hurts me the most is the fact that I think I could've lost trust with a client, which means more to me than how smart I appear to be. I take pride in my job and helping people with their finances. THANK YOU EVERYONE. All this feedback and advice (and even some tough love) means a lot and it's really helping me push through as cheesy as it sounds. +**Is buying vacant land a decent investment**? + +I am looking to purchase land (Texas; I live there and can check out the areas). + +* Simple buy and hold - 10 year minimum +* Not interested/(in a position to) becoming a landlord (no tenants) +* Looking for vacant land that is accessible to high growth areas (Texas hill country - near Austin, TX) +* No ongoing agriculture, mining, oil/gas, etc. Just land that will likely be sold for home development at a later date. + +Pros + +* I can use leverage and invest some excess cash +* Real estate values increase + +Cons + +* Texas does have high-ish property taxes. No getting around it. +* Capital gains taxes may be due when the land is eventually sold. + +I am already heavily invested in the stock market. I'm looking to park extra cash in empty rural-ish land, using leverage (loans). I have high cash flow (strong salary) with no existing loans or large expenses. + +**Good idea or bad idea?** +🚀 **Good Morning Everyone!!!** + +Updates are also posted on my [Twitter @ Corno4825](https://www.twitter.com/Corno4825) + +🚀 **Live Thread** + +**3:32 Update** + +I'm ending the Live Thread. I'll start back up tomorrow at r/GME. + +**2:48 Update** + +Sorry. I got caught up in a LoL game (Yes, I'm absolute trash. 10 year addict.). GME has gone down since that blip. + +Max Pain Theory states that 145 is the ideal price. Since we missed Max Pain Theory last week, but maybe this is the goal for this week? + +We'll find out. + +Volume has slowed down again. I hope we get to see some more action before Closing Bell. + +Volume: 12,400,000 + +Current Price: 138.51 + +**1:44 Update** + +Alright, so this is very interesting. Gamestop announced right at 1:26 that it would be looking for a new CEO. + +What I'm assuming happened was that someone with a lot of money waited for this to be announced so they can buy all those shares. Seeing the stock price and volume bump would make people wonder what's going on. They would look for GME news and this would pop up. + +Did the volume and price jump in response to the announcement or as a way to get free advertising on the announcement and hopefully start a rally? + +These are the mind games that fascinate me. I refuse to believe that that price jump up was organic. + +Current Price: 142.11 + +**1:35 Update** + +Okay. That was really interesting. That was over half a million trades in 2 minutes and the price shot up by $5+ . It was a VERY strange blip, and I have no idea what could have caused that. + +GME seems like it's going to pretend like nothing happened. + +That was really weird. + +Volume: 10,200,000 + +Current Price: 143.53 + +**12:55 Update** + +I think it's time for your daily Banjo Mooseheart. + +[https://imgur.com/gallery/yfE3Ky9](https://imgur.com/gallery/yfE3Ky9) + +Banjo is always alert and ready to tackle any challenges in his wake. Here, we see as he continues to be ever vigilant to watch the backyard even when he's posing. + +It's dead. Nothing is happening. + +Current Price: 142.81 + +**12:08 Update** + +See? Another Opening Bell Attack, another recovery (ish), and now we're trading sideways. Just another day in the life of GME. Volumes dead so it's probably going to be boring for the rest of the day. + +Posture check! + +Volume: 8,000,000 + +Current Price: 143.57 + +**11:26 Update** + +Okay. GME has finally stabilized. We're hanging around 143 now. This attack has been pretty successful so far, but there's still a lot of time left in the week. + +GME does seem to have a slight upward trend. We'll see if there's anyone at lunch that's happy to buy GME at a discount. + +GME is on sale everyone!!! + +Current Price: 143.86 + +**11:05 Update** + +Are we done with the attacks now? Can GME recover in peace now? + +Current Price: 142.66 + +**10:28 Update** + +Okay, so it was a small recovery followed by another attack. + +It seems like GME is starting to recover from that 2nd attack, but don't be surprised if a 3rd attack is on its way. + +Volume has died down a bit for the past 20 minutes or so. We'll see if this trend will continue. This has been an interesting day so far. + +Volume: 5,000,000 + +Current Price: 142.03 + +**10:06 Update** + +It looks like GME has hit a rebound! Let's see if we follow the pattern of massive dip followed by recovery followed by sideways trading. + +If that happens, it would be a very unique and never seen before trading day. + +Volume: 3,740,000 + +Current Price: 147.21 + +**10:03 Update** + +That was a $20+ drop. + +As the price went lower, the volume picked up. It seems that GME is trying to fight back, but the HF attacks have been pretty relentless so far. + +GME did hit SSR for tomorrow. + +Volume: 3,390,000 + +Current Price: 143.42 + +**9:47 Update** + +Holy Moly. + +We started with a $2 dip, followed by a $5 spike, followed now by a $10+ drop. HF have made a move and are pushing this price down. We're already at 1,300,000 volume and it seems to be picking up. + +I have a feeling this is going to be a really interesting week. + +Volume: 1,300,000 + +Current Price: 152.71 + +**9:00 Update** + +Premarket, we saw a jump from GME all the way up to 164.90 before dropping back to Friday's close. + +Friday at close, they had 500,000 GME shares available to borrow. As of this update, that number has gone down to 80,000. As usual, expect an Opening Bell attack. + +Though Max Pain Theory didn't go fully as anticipated, the Implied Volatility has gone down, which makes the chance of a gamma squeeze go up. I don't know if we'll see something this week or if the whales plan on waiting for another week of lowering that Implied Volatility. + +Shorts Available (Including Synthetic from ETFs): \~227,000 (80,000 GME + 147,000 ETF) + +Current Price: 157.30 + +🚀 **Morning Report** + +**Option Chain** + +I did a lot of research into the Option Chain, specifically into Delta. Delta is the amount of money the value of an option will go up when the stock goes up by $1. + +I calculated all of the delta of most options available through 2022 (excluding dates with very small Open Interest to save time. + +What I found is that Hedge funds are losing anywhere between $3,883,000 and $10,133,000 every time GME goes up by $1. + +If GME goes back up to $483, Hedge Funds would lose at least $1,261,975,000 if not more than $3,293,255,000. + +Looking at the Option Chain for this week, the graphs do look really interesting. It does seem like there is consistent growth throughout starting at 150 along every $50 increase with a huge gain at 800. I'm not sure if this means that the Gamma Squeeze launch pad has been built, but it definitely looks different than it has the previous few weeks. + +I'll keep an eye on how this changed throughout the week. That might give us an indication of the moves people are making. + +For more in depth look at my thought process of how I went through some of my Morning Update, [please feel free to read this post.](https://www.reddit.com/r/Superstonk/comments/movs0h/hedge_funds_might_lose_big_on_the_option_chain/) + +[Excel](https://docs.google.com/spreadsheets/d/1NIBK9ATJLNe_U6ov4M1fDpLdZ5chQJOzcPA14NbaEho/edit?usp=sharing) + +Graphs [1](https://puu.sh/HxBcD/82656c9d4e.png), [2](https://puu.sh/HxBcG/b0c99b9dc2.png), [3](https://puu.sh/HxBcM/5690a77959.png), [4](https://puu.sh/HxBcR/9c6b19bd88.png), [5](https://puu.sh/HxBcR/9c6b19bd88.png) +Guten Morgen to this global band of Apes! 👋🦍 + +I am posting this at the usual time in the USA, but the data will begin updating an hour later than usual due to the difference in Daylight Savings time between Germany and the USA. +The updates will continue for one hour instead of two. +The normal schedule will resume next week. + +As many noted, yesterday's GME market activity showed many signs of manipulation. +If there was any doubt in your mind that the SHFs still care *deeply* about keeping the price in check, please let those doubts wash away. +The price rose sharply to nearly $35, triggering a halt. +It then fell just as sharply, triggering another halt. +Throughout the day, it amassed over 10 times the volume of last Thursday, ultimately ending up a tiny bit. +If the Ortex data had any truth to it, it seems that a portion of those shares were deployed to keep a lid on the price. + +Fortunately, there is *nothing* that they can do that they haven't already tried, or that our Diamantenhände haven't fended off before. +We know the value of what we HODL. +These events are exciting, and any hopes that the SHFs have of shaking our confidence is misplaced. +The MOASS is inevitable, and we are here to see it through. + +Today is Tuesday, November 1st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 60 minutes in: **$29.63 / 29,78 €** *(volume: 4796)* +- 🟥 55 minutes in: $29.54 / 29,68 € *(volume: 4624)* +- 🟩 50 minutes in: $29.55 / 29,69 € *(volume: 4267)* +- 🟥 45 minutes in: $29.52 / 29,66 € *(volume: 3676)* +- 🟥 40 minutes in: $29.55 / 29,70 € *(volume: 3616)* +- 🟥 35 minutes in: $29.56 / 29,70 € *(volume: 3509)* +- 🟩 30 minutes in: $29.58 / 29,73 € *(volume: 3499)* +- 🟩 25 minutes in: $29.51 / 29,66 € *(volume: 2463)* +- 🟩 20 minutes in: $29.37 / 29,51 € *(volume: 2023)* +- 🟥 15 minutes in: $29.11 / 29,26 € *(volume: 1733)* +- 🟩 10 minutes in: $29.13 / 29,28 € *(volume: 1084)* +- 🟥 5 minutes in: $29.09 / 29,24 € *(volume: 584)* +- 🟩 0 minutes in: $29.13 / 29,28 € *(volume: 554)* +- 🟩 US close price: $28.31 / 28,45 € *($28.90 / 29,04 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9951. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hi guys, +I’m 28 and Wife is 26. +Combined income of $176,000 in 2018 and have both had pay increases this year. +We currently own one house with a mortgage of 341,000. +We have an offset with $20,000 in it but have planned a Europe trip for 5 weeks July - August. + + +My wife and I built in 2015 at a really good time that has seen some great growth in a short amount of time. +Currently we owe $340,000 on our mortgage with our current lender valuing our property at $545,000 12 months ago. +With the market not entirely booming to sell right now we are looking at purchasing a nicer house in a nicer suburb for what appears to be a steal ( for the suburb and house ) +The price we believe we will be able to purchase this new property is at $710,000. +After fee’s etc the total would be closer to +$752,751 + +While we would then rent our current residence out for $400 per week ( going rate in the area ) and change it to an investment interest only loan. + +We are lucky enough to have been gifted some money to use a 10% deposit ( more on this below ) that we will be paying back at settlement to our generous family member which means we wouldn’t be putting any of our savings towards this new property. + +As we are also going to just exceed 80% of LVR we’d have to take up LMI but again this same family member has opted to act as a security guarantor as although we don’t have the money here to use right now repayment wise we comfortably can service the loan on both of our incomes and would prefer to avoid roughly $20,000 in LMI. + +The repayments or servicing the loan I don’t believe will be an issue. +I also crunched our monthly expenses numbers and it doesn’t seem to be an issue if we budget and be a bit more frugal in some areas... this is where concerns for me start. +I am already quite money conscious and we live comfortably but this added stress would only make it worse on me. + +We had put in an offer subject to finance and some other conditions so backing out of the purchase is a non issue if need. + +After this our family member has decided to not go as guarantor or give the deposit as they are worried about the risk we are taking in it all and don’t feel like it’s a good decision ( I agree ) + +This is what the maths would look like for us. + + +So our current home becomes the investment loan. +I/O loan of $342,000 +Monthly - $1,103 +Fixed 2 year 4.11% + +Expected rent is $400 P/W + +New home +P/I loan of $752,751 +Monthly - $3,508 +3.8% ( broker said he’d get us ) + +Now we know that a rent of $400 p/w covers the repayments as well as property manager fee’s etc for that first 12 months at least from all calculations. + +I believe this puts us in a very high risk situation. +The loan on the new house is very high and I don’t know how the banks would even entertain the idea ( apparently no issue the broker said ) maybe that’s because of the equity in the current property? + +If the market falls slightly we are in negative equity on a massive asset. +My wife doesn’t think I’m trying to see a positive outside to this and simply throws it away saying “ we will just sell the investment and stay in the new one” +Which to me is going backwards and a poor decision. +We would hardly make a dent in that loan if the market falls. + +She says I am too closed minded and that if we think about the future and what could happen we could easily say “well I may die tomorrow etc” which again I don’t like that frame of thought. + +My concerns are met with comments like “you just have anxiety and need to stop stressing” + +She also says that in two years time she’d like to start a family but has no plans on stopping work. +I think that is a big decision to make prior to an event happening. +Even if she took maternity leave and went back part time in her role ( that’s an option ) I think the stress would eat me alive. +It would be doable but I don’t want to live that way. + +I want to go away on holidays and enjoy ourselves and maybe re asses once we are back. +Sit down with a financial advisor and sort out something we both feel comfortable with. + + +Sorry for the long post. +More of a vent then asking for advice I suppose. + +If more info is needed I’m easy to reply to everyone. +Apes: I don't understand how this topic seems to be getting missed. The topic I am speaking about is the retirement of the old audit trail system called OATS and its September 1st implementation of CAT (consolidated audit trail). THE GOAL OF THIS SYSTEM IS TO ENABLE THE SEC (BY MEANS OF FINRA) TO MONITOR SO CALLED "DARK POOLS". + +https://www.thinkadvisor.com/2021/06/21/finra-retires-oats-to-make-way-for-cat/ + +Be sure to check out u/Freadom6's excellent write up on the topic, as well. +https://www.reddit.com/r/Superstonk/comments/o8j2qs/cat_consolidated_audit_trail_to_be_implemented_in/ +Well... Hello again Frends, + +*For the first time in a while here is a non hype or meme related post by me to get you all jacked. I'm sure as hell RC and the board would nod this posts way as I regard all of you brothers as Quality Shareholders.* + +I've been digging into the terms "Loyal shareholders" & "Quality Shareholders". After all I'm sure 90% of the users here that aren't bots will stay on this rollercoaster ride for the long haul & don't intend on selling anytime soon. As well as the diamond balled shareholders here that wont be selling at all regardless of the price. + +Well lets take a look at some of the benefits offered to "Quality Shareholders" and how companies reward them and how the GameStop Board could reward true Diamond hands. I personally feel there is another potential kill switch hidden here for RC and the board for predatory short sellers. The list of kill shots is large but we've seen what institutions (and the DTCC) will do. + +&#x200B; + +[For those that can read, here's a book about us](https://preview.redd.it/ir2ciosuccu91.png?width=128&format=png&auto=webp&s=28273a0038e312e52448eaefab0a90a4dc60ba25) + +# What is a "Quality Shareholder"? + +*Anyone can buy stock in a public company, but not all shareholders are equally committed to a company's long-term success. In an increasingly fragmented financial world, shareholders' attitudes toward the companies in which they invest vary widely, from time horizon to conviction. Faced with indexers, short-term traders, and activists, it is more important than ever for businesses to ensure that their shareholders are dedicated to their missions. Today's companies need "quality shareholders," as Warren Buffett called those who "load up and stick around," or buy large stakes and hold for long periods.* + +&#x200B; + +[That's right Buffet said it \\"Companies need \\"Quality shareholders\\" and GME has the best of the best Diamond Handing their stock. ](https://preview.redd.it/blolfrh1dcu91.png?width=800&format=png&auto=webp&s=250042c54c869fac0eb5b330bc6c9e7ac46dc818) + +# Here is a breakdown from a wrinkly brained old man that worked under Buffet: + +[^(https://www.tuckerellis.com/webfiles/The%20Underappreciated%20Advantage%20of%20Attracting%20Long-term%2C%20Loyal%20Shareholders\_Northman%20and%20Lipsyc\_December%202020.pdf)](https://www.tuckerellis.com/webfiles/The%20Underappreciated%20Advantage%20of%20Attracting%20Long-term%2C%20Loyal%20Shareholders_Northman%20and%20Lipsyc_December%202020.pdf) + +Cunningham, a student of Berkshire Hathaway and Warren Buffett and a professor of law at George Washington School of Law, is a prolific and graceful writer. His argument is that a company benefits from attracting and keeping “Quality Shareholders” — a term Buffett coined. + +Quality Shareholders are equally committed to a company’s longterm success and typically invest more than short-term dollars into the business. In addition to concentrating much of their investments in a company and staying for the long haul, they offer careful analysis, calculated suggestions, and a long-term focus to improve the company. + +Quality Shareholders, Cunningham concludes, provide numerous comparative and competitive advantages for companies and their managers, including a longer runway to execute business strategy and a loyal cohort against adversity. Cunningham’s research of public companies and their investors demonstrate the formidable benefits that attracting or becoming Quality Shareholders provide to companies and shareholders alike. + +# What do companies do for "Quality Investors"? + +**Well lets see what another company is doing for their (DRS) Directly Registered shareholders** + +&#x200B; + +[FREE SHARES FOR DRS SHAREHOLDERS!](https://preview.redd.it/m2u4ac5jhcu91.png?width=1096&format=png&auto=webp&s=f3712ccca97b934c571424bc5f0319866e0f36c3) + +**What does this do?** + +***Well for one this will push the ratio of DRS shareholders well ahead from a percentage of the float owned in investors own names!*** + +Here's this Air Liquide companies breakdown on how it works: + +[^(https://www.airliquide.com/stories/shareholding/what-difference-between-loyalty-bonus-and-free-share-attribution)](https://www.airliquide.com/stories/shareholding/what-difference-between-loyalty-bonus-and-free-share-attribution) + +*"Air Liquide also regularly issues free shares to all of its shareholders, whether they hold their shares through a financial establishment (intermediary registered) or directly with Air Liquide (direct registered). The Group distributes a portion of its retained earnings (past undistributed net profit) via this method.* + +*Patrick Renard, Head of Shareholder Services, was explaining this to you in video a few months ago:* + +*Unlike the loyalty bonus, for which you must fulfill certain requirements,* ***all Air Liquide Shareholders benefit from this scheme***\*. You simply have to hold Air Liquide shares on the date specified in the offer terms and conditions. The offer was made several times in the past on the basis of one share issued for every 10 shares held. Where the number of securities held is not a multiple of 10, a “fractional rights” payment will be made. This means that if the number of shares you hold is not a multiple of the attribution transaction, you will be receive a payment for the portion of the share that cannot be distributed , which will be paid in cash directly into your bank account.\* + +*Shareholders benefiting from the loyalty bonus will also enjoy a 10% bonus on their free share attribution.* + +*The free securities attributed have the same features as those they were issued from in terms of loyalty bonus, seniority, voting rights and dividend rights."* + +&#x200B; + +[Nothing beats free](https://preview.redd.it/1ozupiutkcu91.png?width=400&format=png&auto=webp&s=5fcb541492b4f1ed1ca0e21cde07eac447728fd5) + +Free shares for holding shares directly registered in your own name and being a long term shareholder?!? I like the sound of that! Much better than constant dilution that we've seen of other stocks Directors! Shares going to the investors that believed in the company! + +# Additional voting rights / Quality Voting: + +*"A new approach to shareholder voting designed to increase the voting power of long-term committed shareholders: adding votes to shares based on both long holding periods and high concentrations. Called quality voting, the approach would give more votes to corporate shares held in large amounts for long periods. Quality voting should be far less controversial than dual class share structures and would avoid the drawbacks of time-weighted plans. "* + +## Quality Voting + +Quality voting refines time-weighted voting to account not only for duration but conviction. That is, quality voting grants additional votes to shares owned for a long time in large stakes. + +The proxy for conviction is shares representing a substantial portion of a shareholders’ portfolio, measured as a percentage of the shareholder’s total public company equity portfolio. For example, two votes per share could be granted to shareholders allocating between 1 percent and 5 percent of such a portfolio to the company and three votes per share to those allocating more than 5 percent. If tenured voting implicitly assumes that longer-held shares cast higher-quality votes, the hypothesis follows that shares owned by those with greater exposure will also have such merit. + +To adjust the previous illustration, suppose portfolio concentration is randomly distributed across durations. Combining duration with concentration, the short term unconcentrated cohort would remain entitled to 33 votes while the longest-holding and most-concentrated would enjoy 199 votes.  The outcome of any vote would be determined by a fluid combination of shareholders boasting relatively longer durations and relatively higher concentrations. + +^(Reference for above:) + +[^(https://clsbluesky.law.columbia.edu/2019/11/21/quality-shareholder-voting/)](https://clsbluesky.law.columbia.edu/2019/11/21/quality-shareholder-voting/) + +**Who is this beautiful person preaching this?** + +&#x200B; + +[Lawrence A. Cunningham](https://preview.redd.it/o89kaamhjcu91.png?width=250&format=png&auto=webp&s=61ae1d739b08114e5eeae19ab0e704a5b531fc74) + +Apart from this beautiful man dripping with raw sex appeal he does have a great way around recommending ways companies can reward their "Quality Shareholders". It might be worth an AMA for many GameStop shareholders being long term Holders invested in the long term prospects of GameStop. u/PlatinumSparkles not sure if this will be something that you are open to looking at. + +&#x200B; + +[Peace out and see you all soon on the moon](https://preview.redd.it/p7a5nyozkcu91.png?width=1300&format=png&auto=webp&s=dd933cac99d8a6a4aa0b5af323ffa135cc76a996) +Hi everyone I need to buy a new bed and mattress and I'm not sure what an appropriate amount to spend is so I wanted to ask you guys how much you spent. + + +Thanks! +https://en.m.wikipedia.org/wiki/Black_Monday_(2020) + +Does today really need to go down in the history books taking the name from something that was 3x worse? +Wow. First of all I would just like to thank all of you for the immense support on all these posts. I was never expecting this type of reception, and I'm very grateful. + +Less than 15 hours ago I concluded my trilogy of DDs on SLABS. Yet here I am, 15 hours later, writing another one. I guess I'm just addicted to writing about this shit. Or maybe I just realized how much deeper the rabbit hole goes. Anyways, thanks for bearing with me guys. If the topic is feeling oversaturated please let me know and I'll try to space these DDs out a bit more. But I'll make these as long as relevant new information comes up. Hopefully this will help you all grow some more wrinkles. + +You can find the other DDs here: [Summary DD (Basically a TLDR)](https://www.reddit.com/r/Superstonk/comments/rpoupc/the_big_short_reloaded_a_summary_of_my_dds_on/), [Part 1](https://www.reddit.com/r/Superstonk/comments/ros6ii/student_loan_asset_backed_securities_slabs_the/), [Part 2](https://www.reddit.com/r/Superstonk/comments/rp585d/the_slabs_rabbit_hole_part_2_conflicts_of/), and [Part 3](https://www.reddit.com/r/Superstonk/comments/rpcyt6/the_slabs_rabbit_hole_part_3_revenge_of_the_slab/). Part 5 HERE ([https://www.reddit.com/r/Superstonk/comments/rq6vmi/down\_the\_slabbit\_hole\_part\_5\_the\_federal\_reserve/](https://www.reddit.com/r/Superstonk/comments/rq6vmi/down_the_slabbit_hole_part_5_the_federal_reserve/)). I would highly recommend reading those before tackling this one. + +This part will focus on Peer to Peer lending (aka P2P), SoFi and other big modern day private loan players, Betsy DeVos' impact on all this shit, and how some familiar big banks are wrapped up in all this. Let's go. + +First, I would like to explain what peer-to-peer lending is and its significance with SLABS. P2P lending is what corporations like SoFi, LendingClub, and CommonBond engage in (however, I will be discussing SoFi seperately, because unlike LendingClub and CommonBond, they *allegedly* take credit into account). P2P lending essentially cuts out the middle man: instead of a financial institution mediating a loan, loans are done privately from individual to individual. What is the significance of this? Well, it *allows borrowers to take out credit without the need for official banks to do the financing.* Holy shit. This sounds really risky. And it is. You see, the entire purpose of P2P lending is to help people that can't get credit elsewhere. But the very fact that they **can't** get credit elsewhere should be a huge red flag. Well, what's in it for these companies to adopt all these risky buyers? Higher interest rates. Which again would lead to increased defaults, thus devaluing the SLABS that are created from private loans under these P2P protocols. These are seriously dogshit. **But miraculously, these companies still pull AAA ratings.** (Li[nk).](https://www.commonbond.co/press-releases/commonbond-sets-record-with-latest-aaa-securitization) Guess who? Yup, the same ratings people I mentioned in Part 2: Moody's. Conflict of interest much? And JUST LOOK at all of the other names mentioned in this report. *"The transaction was CommonBond’s tenth and brings the company’s total securitized loan amount to over $2 billion. Goldman Sachs served as structuring agent, co-lead manager, book-runner, and co-sponsor for this securitization. Barclays, Citi, BMO and Guggenheim Securities also served as co-lead managers and book-runners on the transaction."* Ummmmm... Goldman? Citi? Barclays? Jesus Christ. This shit goes so much deeper than I thought it did. One important thing to note though is that student loans are only a portion of these companies' loans. Still, total private loans make up hundreds of billions of dollars. I don't have a way to figure out what percent of private loans are under P2P institutions. + +Now, onto SoFi. SoFi, like I mentioned, is a P2P lending institution. Yet, unlike the previous ones I mentioned, they claim to take credit into account. Sounds great, right? Nope. First of all, *SoFi doesn't even disclose their requirements for credit scores.* These dudes could theoretically be loaning out money to people with credit scores absolutely in the shitter. Now, third party sources have stated that the minimum to qualify hovers around 680. This is **lower** than the national average, and in some places won't even qualify you for a home or apartment loan. But yeah, taking out a hundred grand to pay for college is no problem. **And you'll never guess what these are rated.** Yup, they're rated AAA. By Moody's ([Link](https://www.sofi.com/press/sofi-becomes-first-fintech-company-to-earn-aaa-dbrs-rating-prices-417-6-million-securitization-of-refinanced-student-loans/)). JUST. WOW. And guess what? "*In October of 2017, SoFi announced a $777 million SLABS deal, in partnership with Deutsche Bank, Bank of America Merrill Lynch, Goldman Sachs, and Morgan Stanley (*[*Link*](https://www.bu.edu/rbfl/files/2021/02/Tanafon.pdf)*)."* This honestly just speaks for itself. Just LOOK at these quotes. *"SoFi CEO Mike Cagney says that every time he’s placed a SLABS offering, Morgan Stanley was involved...* *CommonBond just* [*did its first SLABS offering*](http://www.businessinsider.com/wall-street-is-backing-student-loans-again-2015-6)*. Unsurprisingly, Morgan Stanley was the lead underwriter and sold manager on the deal." (*[Link](https://www.businessinsider.com/banks-are-jumping-into-the-slabs-business-2015-6)*).* My god. And this was all the way back in 2015. Just imagine the SLABS market since then. + +Now, let's get into DeVos. If you are unaware, she served as the Secretary of Education from 2017-2021. And as it turns out, she was pretty fucking corrupt. That's what happens when your family is worth $5.4 billion. Anyways, she did some shitty things that helped jack tuition prices (which benefit SLABS), and appointed many officials who were high up at for-profit universities that were even being investigated for fraud. Here's the quote from [this link](https://manifold.umn.edu/read/untitled-85740014-9b15-46f2-be8c-5d261d587877/section/a7d7ced8-7b4f-4cd0-99f2-e997d6d78f39): *"Rather than curtailing the subpriming of student debt by eliminating student income loans and seeking to reduce the student debt bubble, Trump’s secretary of education, Betsy Devos, has aggressively sought to deregulate student lending for the benefit of banks and for-profit universities. Once in office, Devos appointed leaders from the for-profit higher education sector whose schools were being investigated for fraud. For-profit colleges and universities have engaged in widespread lying to prospective students about the value of a degree and the nature of a program to capture vast sums through tuition financed through student loan debt. Devos and these officials proceeded to dismantle the special team responsible for fraud investigations, and they also moved to protect colleges and universities that made fraudulent claims to students by gutting the 'borrower’s defense' act."* I'm honestly astounded at what such a high level this corruption has spread. Then again, it is Wall Street, so maybe I shouldn't be surprised. Still, these blatant conflicts of interest, of which has clearly benefited predatory SLABS companies, is just appalling. + +That's about all I've got for Part 4. Given that each DD has been getting shorter and shorter, I do expect this one to be the last one at least for a little bit (edit: it wasnt. Part 5 out now lol.) But honestly who even knows, that's what I said yesterday and here I am. Thanks again for all your continued support. As always, I believe that GME is the best hedge against a market crash (not financial advice though). Buy, Hold, DRS. Thanks. +As stated in the title, I believe shill’s have started breaking Reddit/Superstonk rules willingly to try and bring our sub down. + +[Reddit rules](https://www.redditinc.com/policies/content-policy) + +For anyone not familiar with them please read them, if you see anything that breaks them pls report it! + +Also keep in mind our own r/Superstonk rules. + +[r/Superstonk rules](https://www.reddit.com/r/Superstonk/wiki/index/rules/) + +I have been living here 24/7 the last couple months, I don’t wanna loose this sub to stupid stuff like this. + +Thanks apes and watch out. + +🦍💪🏻🚀🌚 + +Edit: + +Also mind; [Reddit etiquette ](https://reddit.zendesk.com/hc/en-us/articles/205926439-Reddiquette) thanks to u/bionicjoey for the tip! +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 I’d put it out here in case anyone knows better. + +She has about $60K remaining of her student loans. She’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 can’t receive it in portions as a “gift” 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 wasn’t particularly happy with my pronouncement so I told her I’d ask here. Does anyone have any thoughts beyond what I’ve told her? +When a young person asks here where he/she should invest a significant portion of the wage, the answer in this sub is often to dollar cost average every month in to an S&P 500 ETF no matter what the market is doing. + +The theory is, that with this strategy you would have made a good return in almost any given period of time over 30 years in the recent US Stockmarket history. + +However, if a (multi) decade long bear market happens (and stock markets all over the world proved, that such things do happen), this requires to keep investing, even though you will have to take continuously losses over a very long time. + +Do you think average retail investors have the patience and physiological strength to takes losses over such a long time, watching losing money month over month and stil keep investing or is this just a strategy which sounds good in theory but mostly doesn't work in practice? +I've seen a lot of speculation on whether it's worth buying the dip on FB. Maybe it will bounce this week or next, but nobody, under any circumstances, should be long on FB. + +I work in tech, and my best estimation is that the Metaverse announcement was literally *because* FB could see the writing on the wall internally, and knew they were going to miss on earnings, so they had to create *some* narrative which would justify holding FB. + +Social networks have a couple important properties: + +1. They're generational - people tend to use the network which their age cohort is using. The younger generation flocks to a new network during high-school age to avoid their parents, and then gradually the older generation starts to pile in. + +2. They rely on network effects. There's always going to be at most a couple "winners" and everyone will move to those because a social network is worthless once people feel like that's not where the activity is. + +FB managed to stave off disaster and hold on to millennials buy buying Instagram, while keeping facebook.com as a high-profit environment where they could just bombard vulnerable old people and conspiracy theorists with high margin advertising (kind of like cable news). But they have failed to capture the younger generation who've moved to TikTok. And since there is only room for one mainstream social network for every generation, that leaves them with no real avenue for growth. + +So the metaverse is a totally impractical hail-marry. Basically what FB wants to convince you of is that they will be able to construct a compelling virtual reality and productize it faster than TikTok can eat their lunch. + +This is an extreme challenge for a number of reasons. The main one being: what they're describing is *incredibly* capital intensive. The amount of compute required to create a persistent interactive virtual reality for the entire world to play in is *orders of magnitude* higher than what's required to host images, videos and comments as they do now. Who's going to pay for that? Are advertisers going to pay 100x higher ad-rates to put up a billboard in a totally un-tested platform when they can just buy ads on TikTok instead? + +Maybe we'll get a metaverse someday, but at best it's decades away, and it's going to happen bottom-up from the expansion of MMO's and platforms like Roblox. It's not going to happen because a failing social network, with zero competency in the space, needs it to prop up their share price. + +edit: full disclosure: I own 10 shares of FB @ $350 +Is there no rule? We all know why this is happening but can't we delete and/or refer on to UK investing to annoy them? I know it'll be short lived but kinda ruining the sub at the minute. Yes, it's personal finance technically but it's repetitive and timing the market and there are more appropriate subs. +We know the data is real, because of the same spike a quarter ago, and several other quarters going back a long time. + +We don’t know who borrowed the shares, but we have some idea who is holding the bag. + +u/Ortex_official the next part is for you to consider: + +Shares loaned out yesterday exceeds shares possible to loan. +GameStop will release updated DRS numbers with Q3 earnings. + +Right now you can contact the SEC with the information you have available and have a chance to get a whistleblower reward. This window of opportunity is rapidly closing. + +Once DRS numbers are confirmed and we can prove that there are not enough shares for anyone to lend out that ludicrous amount, Ortex becomes complicit. +Ortex will have stayed quiet in a matter of international securities fraud. + +Ask yourself u/Ortex_official if this is a risk worth taking… We know you have the data - but now DRS numbers means that soon we will be able to prove securities fraud and after yesterday you risk getting caught as complicit due to passivity. + +Do a risk analysis and blow the whistle… +Seriously, I need to vent a bit. + +I considered some companies out there to be overvalued last year, but they've doubled, tripled, or even grew ten-fold in value in the past year. Why are they trading at 100x their top line?! Some companies are burning money like never before, have a smaller revenue than before, and are firing people left and right, but they still grew 700%. wtf. Take SPWR as an example, or LMND. I walk past the LMND offices every day, I met Shai Wininger in person. I'm not going to rant about that specific company, but the market is disconnected from reality. LMND has 80M in revenue, burns money, doesn't grow, but tripled in value in 6 months. Why?? + +Half of the stock charts that I'm looking at seem normal and then in 2020 they shoot up like never before. You can let a 5 year old pick any 5 stocks and it would have netted you a 30% return on average, easy! + +What's happening? This is unprecedented. + +I need someone to prove me wrong, or at least provide me with some rationale as to what is happening. + +With all of that said, I'm still investing big on margin, but I'm strongly considering changing my portfolio to things that I believe are more solid, and jump out of the 10x bandwagons. I made insane gains last year, but this party can't go on forever and it needs to come down to earth. + + +EDIT: As of today, February 23, LMND dropped 21% and SPWR 35% from the time of writing the original post (February 10). +I have seen a lot of great posts recently about people being able to negotiate big salary increases (I posted my story last year as well), and I thought it would be interesting to give some perspective as to what is happening from a Manager's point of view. + +I think there are three big points that sometimes people miss when they haven't been managers themselves: + +- Part of your manager's job is to keep you employed at the minimum salary that it will take to keep you employed. + +This is just reality. Companies overall are driven by profit, and for a lot of companies it's their operating costs that can really drive that profit. Not being able to keep salaries in check can become a huge problem in industries that are constrained in their revenue making ability. As a manager, you are expected to represent the interests of the company, and for better or worse, the interest of most companies is to generate profit for either their owners or shareholders/investors, not to share all profit with the workforce. + +This is important to keep in mind because it can help you clear up the dynamic between where you, your boss and the company stand. While your boss may like you, appreciate you as an employee, and want to keep you around, he/she will know that there is a limit as to what they can do to keep you, because there is an expectation that they are putting the company's interests above theirs. + +This is why a lot of people (myself included) will suggest that you always do salary negotiations with another offer ~~in hand~~ in your back pocket: the only way to be able to put legitimate pressure on an employer is by being willing to take a better offer, and that starts with having one. + +(EDIT: To clarify, what I really meant was "with another offer in your back pocket", rather than "with another offer in hand"). + +(EDIT 2: To further clarify: when I say "offer in your back pocket", I mean that you and only you knows that you have that offer. The goal is to be able to walk into a negotiation with a clear idea in your head of what it will take to keep you (say, 10% raise), and to be willing and able to walk away if you don't get that. The only way to be able to walk away on the spot, and as a result to negotiate with the appropriate level of conviction, is to have an existing offer to literally walk away). + +EDIT 3: Some of you have pointed out that you clearly ***shouldn't*** just pay employees the minimum it will take to stay. You should pay them the optimal amount to maximize their productivity. I completely agree... however, if you are reading this post seeking advice on how to navigate the negotiation of compensation, odds are that your manager/organization do not subscribe to this philosophy, and sadly, this is true for most people. Most large organizations have a structure in which it is expected that Managers will be able to retain their talent subject to a fixed budget. + +And part of that philosophy is valid, i.e., you should be doing more than just giving more money to your employees, and some of your ability to retain them should hinge on that. Put a different way: if, as a manager, the only way you can retain people is by paying them more money, you are probably a really bad person to work for. For most people with good managers, one of the big negatives of taking another job is knowing that there is a chance that your next manager won't be any good. + +- Managers have to invest a good amount of time, goodwill and political capital to get an employee a raise + +Unless you are the CEO, arguing for an employee to get a raise or promotion (especially off-schedule ones) takes valuable resources for a manager. It's not like you can go into your boss' office and just get one done on the spot. Most companies are going to require multiple layers of red tape to get there, and in general, will require you spending some of your probably limited "goodwill" budget on it. Thinking of it a different way, for every raise that you are able to secure for one of your direct reports, there's another one that you won't be able to get. + +Because of that, managers will tend to a) stick to doing promotions and raises during performance evaluation periods when possible, b) only push above and beyond what HR/upper management wants to do if they feel they need to in order to keep some of their top performers around. + +That means that if you are someone who wants a 3% raise off-schedule, it's not going to happen. Not because you aren't worth the 3%, and not because 3% is a lot of money to the company, but because the level of effort required to get you that 3% raise is not proportional to the probability that you will leave if you do not get a 3% raise. + +If you want to increase your chances of getting those bigger raises, the best thing you can do (other than kicking ass at your job), is to figure out a way to plant the idea in your boss' head that you **do** expect a significant raise/promotion when the time comes. How you do it depends on you, your industry, your boss, etc., but there is normally a way to bring up the fact that you are doing a great job, and you want to understand what is the plan for compensating that. + +Since they require great performance, end of big projects, intermediate performance reviews, and any conversation where you doing your job well is the topic of conversation are great places to bring this up. + +It may sound like "I'm glad to hear that you appreciate my work. I wanted you to know that I put a lot of time and dedication into my work to ensure that I give you the best possible results. With that in mind, I wanted to know what I need to do to make sure that I am in position to get promoted" + +You want to bring this up as something that you put on yourself ("what can I do?"), but really use it as an opening for your boss to either tell you "I think you're doing a great job and this is when I think we can talk promotion" or "I don't think you're ready yet and this is why". + +The answer really doesn't matter as much as the seed that you have planted. The seed that you have planted tells your boss "hey, this person is concerned about their compensation". The reason it is important is because it gives your manager time to plan out their strategy for doing whatever it is they need to do to give you a raise IF they think you deserve on AND if they think you are a risk to leave if you don't get one. And that gives you the best possible odds. + +EDIT 4: To those asking "I am underpaid, have been for a while; how do I get a raise?" +Sadly, there is a very decent chance that your only way to get a raise is to leave. Organizations that underpay, tend to do so knowingly. If you challenge that, you will most likely get a spiel about how lucky you should consider yourself to work here, or get a carrot dangled in your face. + +As I mentioned earlier, your best bet is to go get another offer for two reasons: Firstly, you need an exit plan. Secondly, you need to know what your market value is. Once you have that, it's a lot easier to make that decision. + +I think that a lot of people stick to a job because they take on the mentality of "how do I get my current employer to pay me what I'm worth?", which sometimes is a losing proposition. What you should be asking instead is "how do I maximize my long term income?", and that will be a combination of taking the right short term moves and positioning yourself for bigger long term moves. + +- Often times, a manager knows they are underpaying someone they want to keep, but have no recourse to keep them. + +When you become a manager, you will one day run into an employee who you know you cannot keep. Period. They are just too good, rising too fast and have too marketable of a skillset for your company to be able to handle them correctly. In part because most companies are just not willing to promote people faster than a certain cadence (normally 1.5-2 years), but more importantly because people that rise too fast will always be seen through the lens of "is that sustainable? Can I believe that small of a sample set?" + +If you have an employee that is able to make strides in his first 3 months at the job and is taking care of things that even people who have been there for 3 years can't do, would you promote him after 3 months? + +Probably not. You'd probably wait and see if he can keep it up for at least a year. Let's say this person is a true rockstar; at the end of that year, this person has now exceeded expectations again, and though they were ready for a promotion to Senior X in month 3, maybe they are now halfway to being qualified for being Manager. Even if you are well ahead of the curve and promote them after a year, you have now found yourself behind the growth curve of that employee. And at that point, it's impossible to recover, because that employee will likely continue to grow faster than you promote him. + +So what happens? Sooner or later, another company comes along which has a) an opening, b) the budget, c) enough desperation that they are willing to hire someone slightly above their fighting weight just because they see potential. And then you find yourself as a manager trying to counteroffer a 35% raise and a two-level promotion. And you know at that point that a) you can't do anything about it now, b) you probably never stood a chance, c) even if you do fight this one off, you will have to fight it again soon enough. + +**If you are one of those employees, the ones that rise faster than they are promoted, I have three pieces of advice for you:** + +1. ***Don't take it personally*** You are not getting promoted because you're breaking some of the unspoken rules of HR and you just don't fit their mold. Odds are your manager wants to keep you, but they know they can't, and that will probably come across as not trying. Rest assured that if you are that good, they know, you know, the company knows, but they also know that they have a very limited number of options that won't create political nuclear war from developing inside the organization. + +2. ***Move often.*** If you are truly one of these people, you will suffer if you stay at a job more than a couple of years. The only key is that you can't just chase money - you have to chase better titles, situations and companies. No one will judge you for leaving a company after two years if your move was warranted by a big promotion, or moving to a bigger player in the industry, or just landing in a better group with a better reputation. People will judge your resume if they see you take parallel jobs every other year, because they will know that you are just chasing money. + +3. ***Avoid under all circumstances to burn bridges.*** The same person that thought you were so good they couldn't keep you around may be the first person to come calling when they think they have an opportunity that does match your resume, especially when red tape is not as much of an issue because you are being hired from the outside. Leave on good terms, be polite, try to help on your way out. Every good impression you make while leaving could become the difference maker in your ability to reconnect with an important "in" for a future job opportunity. +Guten Morgen to this global band of Apes! 👋🦍 + +I can't be alone in continuing to think of the price in pre-split dollars. +As such, I simply had to take the opportunity to buy below $100. +While I do not doubt that the SHFs will try (as usual) to make a statement about earnings with a massive price drop, I still love every share I've purchased in the double-digits. +I cannot wait to see what kind of a discount they offer. + +Of course, they may have overextended a bit with their recent smear campaign against Ryan Cohen. +Could it be any more obvious that their media shills have no idea what they are talking about? +They are grasping at straws, hoping that something will stick. +The unfortunate truth is that some of it will. +It doesn't change anything in my mind. +Ryan Cohen has masterfully changed the course of GameStop's history. +Each day that we HODL is another closer to the day that the SHFs cannot sustain their position, and start to fall. +Every share that we DRS brings us another step closer. + +As we eagerly await the latest official DRS numbers, let's celebrate the worldwide movement that brings us all together. + +Today is Wednesday, September 7th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###��� Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$25.25 / 25,44 €** *(volume: 4480)* +- 🟥 115 minutes in: $25.27 / 25,45 € *(volume: 4285)* +- ⬜ 110 minutes in: $25.42 / 25,60 € *(volume: 3205)* +- ⬜ 105 minutes in: $25.42 / 25,60 € *(volume: 3202)* +- 🟥 100 minutes in: $25.42 / 25,60 € *(volume: 3171)* +- 🟩 95 minutes in: $25.42 / 25,61 € *(volume: 2965)* +- ⬜ 90 minutes in: $25.22 / 25,41 € *(volume: 1005)* +- ⬜ 85 minutes in: $25.22 / 25,41 € *(volume: 915)* +- ⬜ 80 minutes in: $25.22 / 25,41 € *(volume: 795)* +- ⬜ 75 minutes in: $25.22 / 25,41 € *(volume: 589)* +- 🟩 70 minutes in: $25.22 / 25,41 € *(volume: 556)* +- 🟩 65 minutes in: $25.21 / 25,40 € *(volume: 554)* +- 🟩 60 minutes in: $25.08 / 25,27 € *(volume: 541)* +- 🟥 55 minutes in: $25.07 / 25,25 € *(volume: 541)* +- 🟩 50 minutes in: $25.10 / 25,28 € *(volume: 412)* +- 🟥 45 minutes in: $25.09 / 25,27 € *(volume: 392)* +- ⬜ 40 minutes in: $25.10 / 25,28 € *(volume: 391)* +- 🟥 35 minutes in: $25.10 / 25,28 € *(volume: 341)* +- 🟥 30 minutes in: $25.10 / 25,29 € *(volume: 281)* +- 🟩 25 minutes in: $25.11 / 25,29 € *(volume: 281)* +- 🟩 20 minutes in: $25.09 / 25,27 € *(volume: 256)* +- 🟩 15 minutes in: $25.08 / 25,26 € *(volume: 240)* +- 🟩 10 minutes in: $25.07 / 25,25 € *(volume: 240)* +- 🟥 5 minutes in: $25.07 / 25,25 € *(volume: 235)* +- 🟥 0 minutes in: $25.09 / 25,27 € *(volume: 218)* +- 🟥 US close price: $25.14 / 25,32 € *($25.19 / 25,37 € 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 0.9928. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Don’t know why anyone hasn’t brought this up yet, so I will. + +As of June 30th the 13-fs show citadel and Susquehanna both loaded up on bbby shares, probably after they drove it down to mid single digits. Why the fuck would Ryan Cohen want to stay in bbby when he knows the two megalodons shorting his gme stock and making markets are buying millions of shares of bbby before they drive it up???? Anyone?? + +Exactly, take your money and run Ryan..bring it back to the one true idiosyncratic stock that will break these mother fuckers. Gme. Drs. Zen. + +I expect a tweet and a big gme buy order soon as well as a few catalysts to light the ignition. + +Cheers +I imagine at least a few other folks are in a similar position as me. I opened a few TWTR calls last week, 55cJune22, and was a bit excited to see the premarket action on it. I was quite surprised to see upon open that my option is down 50% and has slid a bit to -55% even though the underlying is up about 3 to 4%. Anyone know what’s going on here? + +EDIT: thanks for the replies everyone. Now that the deal is final, my question doesn’t really apply anymore. In hindsight, it’s interesting to see and a good lesson to learn that the value of the option can go down so much even before the deal is official. + +EDIT2: it’s extra painful that you can be so correct on direction within 1 trading day of opening your position, and get punished 65% right away. +My mom has a rental property where the tenet brought in pets and let the living conditions deteriorate. There were problems with water leaks and no heat and she never told my mother. She brought in pets and let urine and feces ruin flooring. Now there is mold and flooring is rotted. The rental property and my mom are in Georgia. This has been going on likely for the past two years. + +This all happened after my dad passed away and my mom is not experienced in handling rental properties. + +Does my mom have legal recourse against the tenet? The tenet does have a stable job. Does the fact that my mom never inspected the place or had her renew a lease matter? Is she likely to be successful suing in small claims court? Can she evict during COVID? + +Thanks for your help! My mom called for advice and while I have had rental properties I have never had problems with tenets. + +UPDATE: + +I wanted to share an update for those who responded. The Tenant refused to give my mother access to the property to clean up or get estimates for repair. My mother then filed for eviction. The sheriff told my mother that the Tenant will have to vacate the property in 10 days. + +She plans to sue in small claims court. +Obviously websites like Zillow can show you a general ball park of what other properties are renting for in the area, but how do you decide that this is a good price for the property, and you can be confident you can get renters in at a certain price you project (and thus cash flow). Does this come from experience? A certain source to compare rents/property values? A mix of both? + +Thanks for your input. +Hi everyone, + +Long story short > + +* Made an unrelated post about MLS multi-family listings recently + +* Was told in comments there that the best deals are scooped up BEFORE the public sees them on the MLS sites + +* Out of curiosity, asked those posters how does anyone get off-mls access? + +* Silence. + +Anyone here got access to them and how did you get it? +I'm Male age 24. I bought my first house in may 2019. Its 3 bedroom 1.5 bath ranch house. I live about a mile away from a local university (about 5000 students) . I am thinking about trying to rent the house to a few college students and moving back in with my parents and collecting the extra money to make improvements to the house and save for another house in the future. Any tips or advice for renting to college students. Is this a bad idea? Any advice is great +My parents purchased a home ~30 years ago, have refinanced and have X in equity, but want to sell soon. Original price may be 160k, sale may be 800k. My understanding is there’s a capital gains tax on gains over 500k, so they’d pay that on 800k - 160k - 500k = 140k worth of gains. + +My question: if my dad dies before they sell (high possibility), is my mom single, and only allotted the 250k allowance? So cap gains taxed on 800k - 160k - 250k = 390k? +Each time you submit a meter reading or maybe they just offer it once a month but for each energy you get a spin and it has a wheel of various amounts of money that will be credited back to your account. I've been with them for 2-3 years and have never won, is this just a pointless game they've added which no-one actually wins? +My company employs 120 people on a actual work floor and about 10 people in management positions. + +As a result of so many people working in one shared space I have calculated that on average we used to have every month: + +* 12 Birthday Collections +* 5 charity collection +* 4 lotto collections +* 4 Let's get takeaway (even though we are provided with food at work) +* 1 leaving collection + 1 leaving party +* 1 secret Santa ( a year) +* 0.5 weddings collections (Even for people not invited to said wedding) +* 0.5 baby showers + +My work mates used to spend 10% of their after tax income donating to people who earn the same money as them and who they don't really know or like that well. At the end of a day you tend to be friends with handful of people and the rest of 120 strong work force are just work people. + +About 2 years ago I have completely withdrawn from any work collections and refused to take part in secret Santa etc. + +My experiences taught me that only first few months are difficult. People get initially offended that you don't want to chip in. However slowly they learn to respect your stand especially if you apply it to everyone equally. When asked I always replied truthfully that I would rather save this money so my family can use it. It doesn't mean I don't buy things. When my good work friend had a baby I bought them starter pack of nappies, wet wipes and bibs but it was outside of work collection. + +Interesting things happened over time. People started to copy my approach. This was especially true with new starters and then more and more. Our work Lotto Syndicate went down from 75 people to just 20, we still have Birthday collection but now mostly people who were invited to birthday parties chip in, everyone sings a card though. Charity collections become more combined. We used to have 5 different charity events now people tend to combine it together into one big work shared ["Race For Life"](http://raceforlife.cancerresearchuk.org/index.html) etc. Secret Santa was canceled this year because more than 30% of people didn't want to take part. Only people who are invited to weddings give to wedding collection now. + +Just 2 years and one person breaking routine and sticking to his guns change work culture so much. We do have small group of people complaining that place is "less friendly". Majority of people say they feel liberated from pressure to always give money and most of a time to people they don't even like that much. + +It was cancellation of Secret Santa that prompted me to write this post. I wanted to share this story with you guys to show that it is possible to change work culture. You just need to be willing to suffer being weird cheap guy for few months in order to set up new trend. People deep down want to save money but unless someone shows them how they are afraid to do first step. +My Child's daycare has just moved to a new payments system, previously direct debit was free now there is a 65c per transaction (weekly) fee. Credit card 1.6% +10c . + +I asked about a no-cost alternative but none is offered. + +&#x200B; + +Are businesses required to offer a no-cost method of payment? +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 “continuous intelligence” 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 “Tableau” 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 ​​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 Dimension’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 it’s Lights-Out Digital Manufacturing (LDM) printing technology, this is the industry’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. That’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** +Due to some misfortune I'm probably about to live in my car for a bit. I have some crypto assets that I don't want to sell on cold storage hardware wallets, plus the seed phrases written down. A lot of my other stuff is easy, I'm just going to sell almost everything and go minimalist, but what the heck do I do with my H/W wallets and written seeds? I don't really have someone I can leave them with or trust with it. I don't want to just leave them in a storage unit or a safety deposit box, but are those my only options? It's either trust an exchange, or trust a bank, but maybe I'm missing something? Unless I just keep them on me the whole time and hope I never misplace them or get robbed. + +&#x200B; + +Just seeing if anybody had some better ideas. I know the obvious answer is to sell my crypto assets and get a proper place to live, but I don't want to do that yet at this time. Thanks! + +&#x200B; + +Edit : + +&#x200B; + +My entire life has been filled with "what if's". I had investments that would have made me a millionaire, but everything time I sold out too early because of life. Anytime life would give me a hardship, I would cash out my potential cause that was the reasonable thing to do, and every single time is the worst choice I could possibly make. I have a skill of knowing when something is a good idea, and getting in at a good time, I just never held on enough to reap the benefits. I made a vow this time to not do the same thing. The first time life gives me any hardship, everybody wants me to fold and live a life that follows their definition of normal. I'm not selling, that's off the table. + +I do live in the US, I live in the greater Puget Sound region of Washington State (Seattle / Tacoma) . Rent & cost of living is extremely high here. I can sign some 12 month lease and be tied to a location, tied to some job I hate, tied to a commitment of bills, and have to bust my back just to hope to make it and break even at best every month. Personally, I don't want to live my life that way. +Don’t get me wrong, I’m not jumping with joy either, but I was shitting myself during the 2018, March 2020, and May 2021 crashes while pretending to be okay… This time I don’t really care. I’m a little upset I didn’t set aside more cash to buy in a bear market, but looking forward to working and investing as much as I can if we go really low. + +I’m not happy we’re going down but I’m also not shitting myself, just kind of whatever about it. If we go up from here, great 👍 I’ll sell some. If we go down from here, fuckit I’ll buy some. + + +Quick background, I come from forex trading and in forex (as a rule of thumb, and my experience) you need to at least be profitable in 12 month without having huge swings in your equity. Simply, if at the end of 12 month, you are up 45% but you have had 80% drawdowns. That is basically dog shit performance and unreliable account performance. You can not relay on that income. Moreover, it is highly leveraged market, and the losses can exceed your balance as well. A currency pair can move 10 to 50% in one direction without stopping in 2 months and if you are leveraged lets say 1:10 which is considerably low in the FX industry, you will be stopped out half the way. And also, it goes other way around as well, where you can make 50% in one week, or even double/triple. + +Additionally, there are risks of having huge spikes overnight which might actually result in negative account balance, where brokerage built-in auto margin stop outs won't work properly. (Usually they suppose to cut the losses if your open positions are drawing the equity below 50% of your balance.) + +The forex industry is way different that options, but I had to open up with this to then be able to ask the question properly. + +My question is, as a rule of thumb, and your personal experience how long do you need to be in the market making consistent profits to be able to tell that you are "profitable". And consequently divert more funds into your account so that you can do what works, more, and increase the absolute income? + +In "Theta" gang, particularly in CSPs, there is a limited risk, I mean if the underlying isn't a garbage company, in worst case scenario, you'll be bag holding to the shares until they get back up to the point that selling CCs would be above your breakeven. But still due to my prior experience, I can not really wrap my head around this and answer to the question in the first place. + +In my own experience, I have studied options in January, started dipping my toe in the water in March, and started selling CSPs in April. I have made 9 trades, which 8 of them were profitable. The last 5 were according to 45-21 rule. And I made 4 successful withdrawals, and bought groceries with that money and put food on the table. + +I wonder when I need to increase my account size? What percentage of my liquid net worth I have to transfer to my account? + +There is one more aspect that I want to take your attention to, according to my last question. There are rock solid underlyings that you can invest a good chunk of your money without losing sleep at night. Is this ultimately means that I can "yolo" my, let's say, 50% of net worth to my account to sell CSPs? + +Summing up, as a newbie, I'm basically saying, I have been making money in the past 3 months. However I am not sure if this is was a dumb luck or it is the outcome of playing the game by the rules. Should wait and trade 9 more months and then invest-in more or should I do it now? + +&#x200B; + +Edit in advance: This thread tagged as question, but also could be a discussion thread. +This Fund has 5000 Different bond issues, from the S&P 500 companies. The chart, the fund, tracks S&P 500 debt. + +YTD the SPY debt is down 5.46%. On an annualized basis its more than 20%. + +[https:\/\/www.proshares.com\/our-etfs\/strategic\/spxb](https://preview.redd.it/5u71lv5tabp81.png?width=1348&format=png&auto=webp&s=d73f57abfc57fcb444b69b1e07e75d14aef716ed) + +[https://www.proshares.com/our-etfs/strategic/spxb](https://www.proshares.com/our-etfs/strategic/spxb) + +[https:\/\/www.proshares.com\/our-etfs\/strategic\/spxb](https://preview.redd.it/0257nmn0abp81.png?width=1334&format=png&auto=webp&s=e4ccc1c7f7405bc8ba9ec0d22cd4fea3b1117669) + +This fund never lost money before... + +[https:\/\/finance.yahoo.com\/quote\/SPXB\/performance?p=SPXB](https://preview.redd.it/kios73b4bbp81.png?width=1838&format=png&auto=webp&s=259c5f27b84029e611113bac3b60698b62877ae6) + +The 10 year average on these bonds is a 6% return. For decades, these U.S companies issued new debt, to pay off old debt. Rates went down, bonds were never redeemed, they instead issued new bonds to pay the old ones off. + +(This is similar to the FED, and the way that they printed more treasuries... printing new debt to pay off old debt) \*The Longer Treasuries tell the same story - Look at "TLT". + +Imagine this... Your'e a normal dude who racks up $4,000 on a credit card. But instead of paying off the card with your cash, you get another card to pay off that one. Then another card to pay off that one. They did this for 40 years. + +[https:\/\/am.jpmorgan.com\/us\/en\/asset-management\/adv\/insights\/market-insights\/guide-to-the-markets\/?gclid=EAIaIQobChMI6L7Z5s3e9gIV1Rx9Ch3QjASXEAAYASAAEgJ9A\_D\_BwE&gclsrc=aw.ds](https://preview.redd.it/ini5nm4wdbp81.png?width=1712&format=png&auto=webp&s=20187ec4f6eff12a9b9ae4ebe2b6aab1b00e0316) + +You don't have to invest in these companies. Game Stop has almost no debt and is actually about 25% cash and merchandise. Thats the difference. + +The FED refuses to raise rates because it will crush the Bond Market. These corporations will actually to have to buy back their issued debt (because they cant refinance now rates are going up, because they will get less interest for the same quality or better bond); the trillions needed are not there... Which means the dividends are no good... + +It has gotten to a point - where these companies... are issuing debt to pay their dividends. My theory is this... + +TLDR: **The SAP 500 Corporate Bond market is starting to crash. At some point... companies will have to use their cash to buy back bonds... This will effect the dividends - Once the dividends are effected these stocks will trade to a more fair value and crash. Other Corporations wont be able to redeem their debt - due to bad planning/covid... etc... and then you will start to see a bigger wave of corporate debt defaults in the coming years.** + +It just another thing that can f### this whole system up... Greedy banks issued too much debt and most of it is garbage. The US companies bought shares with the bond money, pushed their stock higher - and their CEO's got big bonus's. + +This should alert even more conservative investors. + +**The qtr is almost over and they cant paint the tape any more - Stocks and Bonds are falling and the investor community is starting to wake up.... I don't think its much longer now....** + +After thought: If inflation is 10 percent - who wants a bond that pays 6% - Inflation has messed up the whole system because a 6pct balanced pf wont beat inflation - All bonds, stuck in low yields are trapped - (Also bonds pay no where near 6pc today) +As many of you may know, there have been an influx of users to this sub in the last few weeks, and this has lead to a lot of spammy posts and a too many memes. It is difficult for people to actually find information that is useful, so I will be removing more posts than normal in the upcoming weeks. + +We do not want this sub turning into another wallstreetbets. + +We may also recruit some new mods to help with the moderation. + +Thanks for understanding and good luck trading! +First off thank you for taking the time to read this. +Abit of backstory here- family friend has dementia and requires a career, shes deteriorating and it looks like she’s going to be going in a home. She has a “significant” amount of money in saving(girlfriend believes 40k+) and her family don’t want to see it used for care for her so are asking my girlfriend to hold them money in her bank account.(they can’t hold it because they are on benefits) + + To me this sounds like a terrible idea and sounds like it could be frowned upon so I turn to your smart folks for answers. Is this illegal? Will my girlfriend be in trouble for this? + +Thanks again + +Edit: thank you everyone for taking the time to respond, my GF wants nothing to do with this so mission accomplished lol +Some background: +I am fortunate and have a healthy monthly wage to live on and a secure job, along with reasonable savings. Whilst I am by no means rich, it does not impact my lifestyle to part with a few thousand and I would always happily do so if it helped a friend out. + +My friend (late 20s F) has been living pay check to pay check for the last few years I gather and rents a small one bed flat for approx 1k a month Inc. bills. She's been off work and on stat sick pay (£80p/w) so hasn't has the income to cover rent/bills. Last month I lent her the money to cover her rent and bills (she did not ask but I offered) and she thought she'd likely be back up on her feet and able to pay this month's rent. + +That has not happened so she's back in the same situation as before. I am not sure that she can be certain too that it won't happen next month as well...so whilst I'd be happy to lend her another month's rent, it seems to me a more perm solution is needed. + +Can someone tell me generally speaking what the emergency housing process is like for someone facing eviction due to illness leading to lost wages? + +Thanks so much in advance!! +**The Charts** + +You’re probably as familiar with $BOG now as you are with UniRockets traffic lights of joy/pain! Today BogTools and bogged.finance just announced they’re in partnership with not just UniRocket but also WaterfallBot! Bog Charts will now be the sole provider of chart links on all UniRocket BSC trade posts! So yes the rocket emoji in this post has a legit use this time, blame UniRocket! + +**LIMIT ORDERS** + +It’s worth mentioning again that on Friday they also released the groundbreaking Limit Buys for all BNB-[token] pairs! Limit orders for selling is coming in about a week, and stop losses coming soon after. This is one of you last early warning calls! While people are distracted by finding the next shitcoin moonshot you can have the pleasure of showing them a new coin with actual real-use tech with as much room for growth as any other project. They’re only a month old and undersold due to everyone being consumed by meme hype! Expect people to flood here when the bubble bursts and when the BNB pump has settled down. Everyone will need somewhere to invest their moonshot gains, and this is it! + +**Where to Use These Tools!** + +So you can find these damn sexy charts on [charts.bogged.finance](http://charts.bogged.finance), just paste in the contract address for whatever coin you’re watching. This is a perfect tool to share with you telegram groups and your obsessive watching, so don’t forget to bookmark! + +The limit orders can be found on [bogged.finance/trade](https://bogged.finance/trade), again you’re gonna want to bookmark this because it’s going to step up your game more than any other tech this year. Get a good night’s sleep and don’t miss those dips! + +**Not enough for you? They’ve still got all this:** + +It wouldn’t be fair to not include the other magic this project has while I’m here. +There’s also the RNG oracles which is expected to get a lot of attention from other new token projects for things such as giveaways, airdrops, games, NFTs etc. + + +While we’re on the subject of games and NFTs you should know BogTools and bogged.finance have stepped up the game *again* with their ARG (augmented reality game) with a prize pool of $5000 in tokens! This is a mix of real life and tech problem solving, it’s an immense maze of rabbit holes, clues, leads and puzzles. You can find a detailed post on r/CryptoCurrency sub [here](https://www.reddit.com/r/CryptoCurrency/comments/mf0mls/the_arg_on_argboggedfinance_has_begun_theres_a/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf). + +Social pages and all that jazz: +======================== + +If you want a wealth more of information I highly recommend their **Discord**: + +[Discord](https://discord.gg/Emyr7cnbkj) + +There also a handful of **Telegram** rooms: + +[Main Telegram](https://t.me/bogtools) + +[Announcements Telegram](https://t.me/bogtoolsann) + +[ARG Telegram](https://t.me/bogarg) + +[Trade Telegram](https://t.me/bogtools) (for discussing alt coins other than $BOG) + +**Also:** + +[Twitter](https://twitter.com/bogtools) Meme competition coming soon! + +Reddit: r/BogTools + + + +Token info, stats, charts etc: +================================= +[**PancakeSwap one-click link**](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;inputCurrency=BNB) (Set slippage to 5%) + +[**Chart**](https://charts.bogged.finance/?token=0xd7b729ef857aa773f47d37088a1181bb3fbf0099) + +[CoinGecko](https://www.coingecko.com/coins/bogged-finance) + +[CoinStats](https://www.coinstats.app/en/coins/bogged-finance) + +[CoinMarketCap](https://coinmarketcap.com/currencies/bogged-finance/) + +[CoinMarketCalendar](https://coinmarketcal.com/en/coin/bogged-finance) + +[BSCScan](https://bscscan.com/token/0xd7b729ef857aa773f47d37088a1181bb3fbf0099) + +Contract Address: 0xd7b729ef857aa773f47d37088a1181bb3fbf0099 +Most of us have ideas about what to do with our tendies after the dust settles: crypto, real estate, precious metals, etc. All good ideas, but what about the immediate 'during the MOASS', when prices finally get to the point we decide to sell, but it's not yet clear if financial meltdown will ensue? + +I will keep my money in a bank that offers a service called IntraFi Network deposits (formerly Insured Cash Sweep/CDARS). Basically it's a service that functions like a single bank account, but splits your money up between 3,000 member banks to offer FDIC coverage of $750 Million. [https://www.intrafinetworkdeposits.com/](https://www.intrafinetworkdeposits.com/) + +Since I plan to sell for approximately what [gmefloor.com](https://gmefloor.com) is at, should the price rise that high, and I believe it will, I will need more than $750 Million in coverage. For this reason I will ask an asset protection lawyer about using multiple revocable trusts in the names of my family members to gain additional FDIC coverage per bank. The FDIC website has a tool called EDIE which says this will yield the additional coverage, but I will consult a professional to cover my bases. [https://edie.fdic.gov/calculator.html](https://edie.fdic.gov/calculator.html) + +Assuming everything checks out okay, this will be enough coverage for several billion dollars, and since bail-ins do not apply to the amounts the FDIC covers, I am safe from that, along with being diversified to 3,000 banks. + +Once everything settles down, I will begin purchasing other assets, like precious metals, crypto, and real estate. + +Foreigners are eligible for FDIC coverage for accounts with US banks, however this only applies if the bank is on US soil, so if the bank has a branch in your country my understanding is that would not work. + +That being said, you could choose a bank from the IntraFi website bank finder tool, open an account online and manage your account remotely, wiring money to a local bank in another counrty if you felt like it. + +Other steps I will be taking include: + +Consulting with a civil lawyer, ie one who specializes in avoiding and defending against civil lawsuits and a tax attorney to find the best structure to pay fair, but not excessive taxes. A good resource for finding top-flight attorneys is [https://www.martindale.com/](https://www.martindale.com/). They have both client and peer (ie other attorney) ratings. + +Also, there is a firm called nomad capitalist who specializes in offshore finance and business as well as second passports. I will consult them to have other options for myself and my money should things go really bad in the USA. [https://nomadcapitalist.com/](https://nomadcapitalist.com/) + +Consulting with and getting to know a world class security firm: [https://www.garda.com/security-services/physical-security/executive-protection](https://www.garda.com/security-services/physical-security/executive-protection). Being rich paints a target on your back, maybe I won't need it, but I'd rather be prepared. Kidnapping, ransom, robbery, murder, statistics shoot way up for the newly rich. + +Possibly hiring a PR firm to help tell our story from a non-negative viewpoint: [https://www.5wpr.com/services/reputationmanagementprfirm.cfm](https://www.5wpr.com/services/reputationmanagementprfirm.cfm) + +Having a private jet agency on speed dial : [https://www.privatefly.com/](https://www.privatefly.com/) + +Familiarizing myself with charities that I want to donate to: [https://www.charitynavigator.org/](https://www.charitynavigator.org/index.cfm?bay=my.charities.list) + +Getting to know who I align with in elections in my district: [https://www.isidewith.com](https://www.isidewith.com/profile/4281607343/ballot)/ This site asks you a series of questions about political issues and matches you on a percentage basis with candidates. + +Let me know if you have suggestions, I will add them! + +None of this post is financial or legal advice. +Hi investors, + +I am a fairly new investor (31M). I already have a RRSP in which I own individuals stocks. For my TFSA, i was looking more into buying ETF's. I know this sub is all about XEQT, but to be honest I'm not a huge fan of it and can't really see myself investing in only one fund/ETF/Stock. + +I have 5K that I can put in my TFSA and I was thinkin on going a route that would look like this + +40% XIU +45% ZSP/VFV (is one really better than the other and if so why?) +15% ZAG + +Is this a viable investing strategy? I ain't touching any of my invested money for the next 30 years. + +Thanks for the advice/feedback since I am fairly new to all this! +Hi investors, + +I am a fairly new investor (31M). I already have a RRSP in which I own individuals stocks. For my TFSA, i was looking more into buying ETF's. I know this sub is all about XEQT, but to be honest I'm not a huge fan of it and can't really see myself investing in only one fund/ETF/Stock. + +I have 5K that I can put in my TFSA and I was thinkin on going a route that would look like this + +40% XIU +45% ZSP/VFV (is one really better than the other and if so why?) +15% ZAG + +Is this a viable investing strategy? I ain't touching any of my invested money for the next 30 years. + +Thanks for the advice/feedback since I am fairly new to all this! +I hit FIRE and pulled the trigger two years ago from today in October of 2020. It's been quite an amazing two years filled with wonderful travels, new ventures, meeting loads of people, and just living the good life. I thought I'd just run down my finances for those interested in what FIRE finances actually look like and what i've been up to. + +# Background + +I hit FIRE in Oct 2020. I am from the US and worked my whole career in Financiail services. I moved to Europe in beginning of 2019 for a work opportunity and I decided to call it quits at the end of 2020 because it was time to move on to the next phase of life. + +Prior to FIRE, I had always traveled every opportunity I got but it was only for a few weeks at a time since I had the pressures of a job to go back to. Post FIRE, my plan was always to travel the world full time and live in different places for a few months at a time. As well, I wanted to pursue other passions of mine like surfing, diving, blogging, and more. + +# What have I been doing? + +On to the fun part of the post. Since I hit FIRE in 2020, I've essentially lived out my dream of traveling full time and living in different parts of the world. Even before FIRE, I had been to 70 countries so this lifestyle was nothing new for me. I spent 3 months in Zanzibar after hitting FIRE. This was the beginning of the second wave of COVID so Tanzania was the only place really open. The rest of the world was in a perpetual lockdown so there was no reason to partake in any of that. + +After Zanzibar, I went to Egypt for a few months and did more diving and kitesurfing while working on my blog. Egypt was mostly open with warm weather and wonderful people. After spending most of winter and spring in Egypt, Europe was finally reopening from their lockdowns so I flew back to Europe and traveled with friends through a dozen countries or so with a lot of new countries on the list (Albania, Macedonia, Bulgaria, Romania etc.) and of course some timeless classics like Greece, Italy, Spain etc. + +I spent most of the fall traveling through Turkey, Georgia, and Armenia which was incredible (love this part of the world). In December, Asia was FINALLY starting to reopen which always was where I really wanted to go. In fact, I wanted to go to Asia in 2020 but who knew it would be closed for the next year. + +In December, I spent the month in Thailand which was incredible. I had visited the country many years before but it was a perpetual shitshow with the amount of tourists. This time around, I was able to visit Bangkok's beautiful temples with hardly anyone there. The beaches in the Andaman sea was so peaceful and calm it was probably what tourism in Thailand was like 30 years ago. + +After THailand, I decided to go to Bali which is one of my favorite places in the world. I had to do a week long quarantine to actually enter the country because of their strict covid rules but afterwards it was heaven on Earth. I remember Bali as being this crazy busy and overpacked place but it was just an incredible place to be during COVID. + +THere was no mass tourism during this time because no one would agree to a long quarantine but there were enough Digital nomad style people calling it home to make things interesting. I made loads of friends and absolutely loved the digital nomad style of life. I met some extremely interesting people during this time, far more interesting than 99% of the people I met during my time in finance. Crypto bros, fitness bros, regular bros, serial entrepreneurs, overly spiritual people (okay these were a bit weird but what can you do), anti-vaxxers/conspiracy theorists (See previous) real estate developers, loads of Russians who didn't like Putin, semi-pro influencers and everything in between. I didn't really do much in Bali besides just live in my villa, go to the gym, coconut sunsets, hiked around rice fields, work on my blog, and diving here and there. There are more beautiful cafes per square km than anywhere else in the world. Along with fantastic restaurants, chilled beach bars, and a vibrant expat scene, it was heaven on Earth. + +I spent only $2k a month in Bali living the high life. I had a beautiful villa and pretty much did whatever I wanted to whenever I wanted. I was also in the best shape of my life since college as I just hit the gym and surfed everyday day. + +I lived like this for the greater part of 5 months which was just incredible. Eventually however, Bali did reopen to tourism and the crowds started showing up. Obviously, I'm not naive enough to think I could just have Bali to myself but it was fantastic while it lasted. From May 2022, I started finally pursuing my dream of working as a dive instructor. Diving has always been a big passion of mine and this was always the post FIRE plan. Indonesia has the best diving in the world and I always knew I wanted to come back and teach in this part of the world. With COVID, 95% of the "old guard" of dive professionals quit and went back to their home countries. A lot of these people got "normal" jobs and few of them wanted to comeback to the world of diving when things reopened as they settled into their new lives. THis opened up countless opportunities for me and I was able to get a job at one of my favorite areas in the world. + +I knew the owners of the resort and told them to just give my salary (not much about $900 a month) to the local staff. Most of the locals went back to their villages to their traditional professions like fishing or seaweed farming which pays almost nothing. My living accommodations and food are paid for at the resort which is standard since it's in the middle of nowhere. I've done this for the last few months and absolutely loved it. It's probably the most rewarding thing I've done in my entire life thus far. + +I'm taking a 6 week break currently. I went to Greece to meet up some friends and then we all went to Oktoberfest which is a timeless classic. Now I am writing this post in Cyprus while visiting a friend I made while in Bali. Cyprus is one of the last countries in Europe for me and a nice €60 Ryanair flight meant it just had to be done. Cyprus is a bit boring not gonna lie so I will probably go to Lebanon as I just discovered they have €35 flights to Beirut which is one of my favorite places in the world. I have another wedding in the South of France at the end of the month before going back to SE Asia. + +# Finances + +NW at Oct 2020 - $1.3m in stocks, not factoring in my real estate + +NW at end of 2021 - $1.8m, no real estate + +&#x200B; + +**Market Update** + +As far as finances go, I've been doing alright in this bear market. THe markets are about what they were when I FIRE'd, perhaps a little lower which is never a good feeling but just the risk you take with your sequence of returns risk. The bear market of 2022 is definitely the worst market I've ever been a part of. I was too young for 08 with no money in the game and COVID was over before it started. 2022 is just a non stop slow bleed down 30% and doesn't look like it will end until the FED pivots. It really feels like an inflection point of sorts as the FED has left the markets. During my entire 14y stretch of being an adult, I've essentially invested in a FED market. In the end, no one can predict the future but it just feels like we are due for slow anemic appreciation in the future. For now, I just try not to look at the total portfolio value much (once every quarter) as really serves no purpose in the short term. + +&#x200B; + +**Strong USD** + +The one positive from the last year has been the extra strong dollar. This of course is bad for stocks but great for those living outside of the US. It's actually brunted the impact of inflation in many of the places I"ve been staying in. For example, a Mas of beer at Oktoberfest was 11.5 Euros in 2019 ($13ish) and this year, the mas was 13.5 Euros ($13ish). + +Talking to my friends back home about the rapid rise in prices, I honestly couldn't imagine worrying about my finances in the US so props to those FIRE'd in the US in these times. + +&#x200B; + +**Light Trading** + +In 2021, I made some very successful trades at the beginning of the year capitalizing on some of the YOLO hype. Sorry FIRE purists, I just couldn't resist. In 2022, I haven't done much besides sell some far OTM options to generate a little bit of income. In addition, I've also purchased puts (only $1-$2k worth) around CPI and FED speeches just as a way to hedge my portfolio which has worked out well. Seems like every time Daddy Powell opens his mouth the market tanks. + +&#x200B; + +**Selling my apartment in NYC** + +I sold my apt in NYC Q2 of 2022 which was fantastically timed. Markets were doing very well in Q1 before rising rates crushed demand and now I don't even want to imagine how difficult it would be to sell there. All in all, I took away $200k from this sale which I have been slowly DCA'ing back into the markets. + +With the money, I also purchased $20k ($10k personal and $10k on a sole prop) of i bonds. Not sure if this was the right move but I reckon a \~8% ROI over 15 months is quite alright if I wanted to sell early. + +# Withdrawals from Portfolio + +I've always planned for a variable withdrawal rate because I just don't know what my life holds and where I will be. The idea of staying in one place and just chilling was never my idea of the perfect FIRE life. Therefore, I knew that some periods I would spend much more and others I would spend almost nothing. That's been put into real life practice now. + +&#x200B; + +**Withdrawals 2021** + +I made multiple withdrawals in 2021 to the tune of about $45k which was just shy of 4%. I try not to time my withdrawals but I always reckoned withdrawing near ATHs is as good of a moment as you can make it. 2021 was the bull of all bulls so this was easy to time. + +I also made about $15k from blogging during the year which helped supplement the lifestyle. Some of this money I spent but most of it I just reinvested. + +I really did not hold back on anything during this year. I traveled to 15 countries or so and pretty much did whatever I wanted to. + +&#x200B; + +**Withdrawals 2022 - Almost nothing** + +In 2022, I took one withdrawal in Feb 2022 and I've essentially just paused all my future withdrawals until markets recover. While I spent a lot of money in 2021, I didn't need to spend nearly as much in 2022 as the lifestyle in Bali was so cheap. I covered most of my expenses just from my blogging income alone which really picked up this year. And now, I have little to no expenses for the foreseeable future but let's see how long I want to be an instructor! + +&#x200B; + +**Blog Income** + +I've had a blog for many years but really put some more effort into in recent years optimizing SEO and all that stuff. At the peak, it was getting about 2.5-3k sessions a day, and along with advertising, affiliate links and other things, it was generating $2k at its peak. Now I reckon it is generating between $1-1.5k a month which is definitely helps with lowering the withdrawal rate. Something about blogging really brings me joy and is soothing in a weird way. Whether I FIRE'd with $10m or $1m, I'd be doing the same thing. + +&#x200B; + +**Portfolio value Oct 2022** + +As of writing this post, I have + +$1.4m in stocks + +$110k in cash + +$20k in Ibonds + +I don't need so much cash but I am just still DCA'ing it back into the markets. I've withdrawn almost no money this year as my expenses have been very manageable. + +&#x200B; + +**TLDR:** + +\- FIRE'd in Oct 2020 with $1.3m in stocks + +\- Traveled the world and back during that time + +\- Lived in Bali for 2022 and became a dive instructor which was always the long term plan and passion + +\- Blog income and being a dive instructor meant almost no withdrawals in 2022 to ride out the bear market + +\- Bear market bad but still doing good + +&#x200B; + +**2023 Goals:** + +\- Work on a liveaboard, preferably in Raja Ampat + +\- Travel to more of Asia, still need to go to Vietnam, Laos, Korea, and Sri Lanka + +\- Visit Australia and NZ + +\- Get better at kitesurfing +Hello again UKPF + +I am in the fortunate position to have completed saving for our house and are just waiting on it being built. We have been aggresively saving for nearly a year now (saving before that but less aggressively) and I have found myself living paycheck to paycheck... + +Not in the sense that I am struggling and can't wait to be paid just to get by, but instead I am struggling to occupy myself between paydays. On payday it is all great, I get my spreadsheets out, get my accounts all logged in and start moving money to various pots, record my pension amount and that's where it ends. I find myself really racking my brain for stuff to do between pay cycles and just can't wait for the next payday, it's beginning to drive me nuts. + +Does anyone else go through this, and if so do you have any ideas/ tips to combat this? +When I joined this subreddit, JEPI was a hot topic. But, I hardly see anyone recommending it anymore. With about 1% ROI every month right now, what do you guys think, is JEPI still worth purchase or it would be "laggers" decision? +I want to achieve financial freedom through passive income (we all do right?). Let's assume I have 2 million USD: + +Option 1: invest in high dividend yield ETF (3% per year in dividends) + +Option 2: invest in S&P 500 (take out 60K USD per year, for income) + +30 year horizon. +30 years of age. +Married with childeren + +I love the idea of passive income through dividends, yet, with this long of a horizon, wouldn't it make more sense to invest in the S&P instead, and just sell some each year for income purposes? It seems that historically, this would have gotten me better returns and still the option of passive income. + +Could you kindly share your views on this? What would you do? Am I overlooking something? +Check the counter Bitcoin argument.....Saylor just countered Elon in the most polite, structured and logical way possible + +https://youtu.be/TeVvtSCfcQ4 + + +Key take away - Bitcoin is an exponentially energy efficient super secured network that will decentralize the financial future of tomorrow.... + +Super bullish ...and this dip is just an opportunity you should not ignore if you believe like gold fiat is the next asset to be replaced by the new era of economic independence + + +P.S. Elon tweeted back to the video by Saylor stating 'Saylor Moon'.....What a troll who is losing respect every second of the day + +EDIT: Not sure why getting downvoted by DOGE lovers....but can't stop posting facts +Throwaway account for obvious reasons. Also posted on r/Tax but I think we might find a different audience here. + +My husband and I find ourselves in the fortunate situation that I will have about 30M in W2 income this year for one year only. My income has traditionally been below 250k in past years and won’t be over that again in future years, most likely. + +This is virtually all income (ie RSUs) and not capital gains and we are maxed out on comparatively smaller deductions like 401k mega backdoor. + +We’re already considering charitable avenues like DAFs and CRTs so primarily looking for tax efficiency suggestions we might regret not having considered come Jan 1st. Is the ~50% tax ratio of federal + state (CA in our case) pretty much set in stone for income? +[New Jersey - Most Millionaires](https://www.google.com/amp/s/amp.kiplinger.com/slideshow/investing/T006-S001-millionaires-in-america-2019-all-50-states-ranked.html) + +Dirty Jersey? Who would’ve thunk it? Any Garden Staters here? +I have been extremely fortunate in my life and have found myself in the position of being able to retire early. Coming out of the pandemic, I’m trying to fill my schedule with things that interest me (hosting events, investing in real estate, fitness and creative classes, etc). But something that I’m finding is that it’s not always easy to relate to people who work when you’re not working, and beyond that, the stress of HAVING to work and worrying about money, limits the emotional energy you’re able to give to other people. + +I find myself always having time to be a support for the people I care about, to the point that it’s almost become a hobby. I have a lot of time to think carefully about life decisions, emotions, etc. But there’s no one in my life who does the same for me, and that makes me feel strangely left out. The only thing I can compare it to is being a bachelor when all of your friends are starting families and they just can’t give you the same level of commitment they used to, while you’re still ready and willing. And I should mention, I am also a bachelor. + +Does this get better with age? I hate to see so many of my friends struggle (almost all of them make less than 100k) and I can’t help but think “what’s the point of having all this money and free time if I have no one to share it with?” + +I hope that doesn’t come off as obnoxious, I tried to phrase it to the best of my ability. +AFC Energy has been on a rollercoaster. It started the day at 61 and is now back down to around 54-55. Pretty much the same thing happened last week. Hopefully it’ll be a bit more stable in the long term when the company has fully transitioned into the commercialisation stage. + +I’m fairly bullish in the medium to long term with this company. When Extreme-E begins, the company will have a lot more publicity and will no doubt take advantage. Expecting serious growth around April time, followed by a correction once all the excitement has died down. Then once orders have come in and revenue hopefully increases, we might start to see more sustainable growth based less on hype and more on fundamentals. + +Thoughts? + +Edit: spelling +Hi Everyone, + +I'm quite far down the rabbit hole with looking at setting up an SPV (Ltd company basically) to invest in some buy-to-let properties. I've already invested money in my pension, ISA tax wrappers etc, so looking for more ways to make my cash work for me. + +I don't need the income (I'm already in the additional tax rate bracket), so it's really more about long term investment and maybe some income down the road if/when I need it. + +I don't intend to manage the property myself. I'm looking to very much "set and forget" and pay a percentage to a management company. + +Having decided that a LTD is the way to go, I'm now on the lookout for what types of property/ies I should be looking to purchase. + +For some context, I have around £100k-£150k to play with for deposits, stamp duty, legal fees etc. I'll be putting this into the SPV as a director's loan. I'd be putting a 25% deposit on the properties and mortgaging the rest. + +I'm based in the south-east, not that far from London. + +I'd assumed I'd buy a flat or maybe two , probably in my home town but on reflection, I should probably try to look at this a bit more objectively. + +Can any other landlords give me some advice on how they find rental properties with the correct yield? Is it just digging around for hours on Rightmove? Should I speak to an estate agent and have them source the property for me and then manage it? + +I'm also trying to figure out which of these scenarios would be best: + +1. Purchase two flats, say £150-£200k each +2. Buy a single house in a more expensive area for around £300k-£400k + +It seems to me like buying a more expensive property in a more popular area (perhaps Chelmsford) would reduce the up front costs (stamp duty, legal fees, mortgage fees) and probably be less hassle but I was wondering whether there were any advantages to managing a portfolio of larger properties? + +Thanks everyone. + +PS-I did do a quick search for a UK, BTL specific subreddit but couldn't find any - hopefully this question is fine here! +I don't understand how the dollar value if the underlying companies are converted back into pounds. Is the ETF hedged against exchange rate risk? Or does the £ value of the ETF fluctuate as the exchange rate fluctuates? What are the costs/expenses of the ETF? Can I buy the ETF direct from Vanguard? Thank you very much. +Good morning everyone. + +I'm in UK and I am trading with IB using both a personal account and a company (LTD) account. I have always struggled to provide my accountant with the right numbers for my year tax return (please note that trading is my hobby, not my main job, so the accountant deals with the rest of my finances as well). + +I have previously tried an accounting firm who specialises in UK Accounting for trading, and I was left very disappointed (charging me almost 1k, they were very late in filing my return despite multiple reminders, and their output was a spreadsheet with three lines - it is also true I had few hundreds trades). + +I have decided to try and do this accounting by myself, and I'm trying to get all the possible info I can online. I definitely need a software which is able to take any of the Interactive Broker outputs and compute my tax return (one for personal tax, one for the LTD). + +Do you guys have any suggestions in regards of software you use or even link where I can read more? + +I really appreciate your help. + +Stefano +My partner wants to spend a couple of years in the UK and I was initially super keen. Being in IT, I’m starting to get really worried about the seemingly low salaries in the tech sector (at least 30% lower in tech consulting, not sure about dev). Does anyone have any experience with moving/thoughts on this? I’m worried I’d be taking a huge pay cut without any obvious career returns down the track and whether it would ultimately be worth it. +I manage about 12 of my own SFH properties. I am looking to grow quite a bit this year, and I want to create some defined schedules for proactive maintenance and communication. + +&#x200B; + +My goal here is to be able to show that I actually proactively "manage" the properties instead of just wait for something to break. I plan on working with other peoples' money this year, and I take that responsibility seriously. + +&#x200B; + +I'm looking at two annual cycles - (1) seasonal and (2) lease. + +&#x200B; + +For example - + +&#x200B; + +SEASONAL + +Spring - power wash exterior, have HVAC serviced before summer, arrange lawncare bids for summer + +Summer - Schedule, inspect, and pay lawncare service, inspect roof + +Fall - service HVAC for winter + +Winter - battle seasonal depression + +&#x200B; + +LEASE + +Leasing - application, screening, lease generation, lease signing, deposit, first month's rent prior to move in, + +Pre move in - reminder and instructions to set up utilities prior to move in, procedure for getting keys + +Move in - walk through for damage check + +Monthly - reminder to change air filters, check sinks and toilets for minor drips + +Upcoming lease renewal - inspect property, make decision to offer renewal or terminate lease, ask if they want to stay, prepare and sign docs, etc + +&#x200B; + +I'd appreciate any ideas on either the seasonal or lease cycles or just a different way to look at this. +Hi, I just found this sub. I hope that my post is not against the rules. + +But as the title says, My country is pretty much a mini Venezuela right now. We have an inflation rate in the high double digits and the fiscal policy of the country is non-existent at worst and vague at best. Our currency was devalued multiple times in the last 2 years against the US dollar and it went from being 1 USD = 6 to 1 USD = 45 which says it all. + +But people simply reacted by increasing the prices of everything including real estate to match all that inflation and devaluation. So now, if that kept going people will lose money, and If somehow the economy recovered people will also lose money. + +I don't know much about economy and fiscal policy. But It seems to me that buying real estate as a store of value or to invest by building property on it to collect rent from it is those such a country is not a good idea at all. I think buying gold for example will be a better option. But i need to hear how others see this. I should also mention that I'n not talking about taking loans here and i'm not in debt, I'm talking about the ROI of real estate in the conditions I mentioned. + +Sorry if I didn't articulate my post well, Although I hope the jest of it is clear. I'd like to hear your take on it. +Like the title says. I have three properties in Northwest Florida that I purchase cash. One of them is my primary residence that I’ve sunk about $20,000 in. The other two will be vacation rentals. I have estimated that I’ll need about $50,000 to complete renovations on all three properties. At the moment, I am only making some 1099 side income (no w2 job) and my "job" right now is focusing on the rehabs. Once complete, the two rentals should bring in money pretty quickly since I'm close to the beach. + +What is my best option for financing the 50k? Should I try to get a mortgage on my primary residence? A local credit union? Some type of investment loan? + +Edit: I would eventually like to expand to more units so that's why I'm looking for financing. I have zero mortgages now so I could easily get one in my primary if I just got a w2 job but I'm looking to see if there's other options. +Hi! I watch a lot of real estate investing videos on YouTube and I watch alot of bigger pockets.. I feel like there’s a lot of really good advice on there but does anyone else feel like they reach a little and make it sound a lot easier than it is to just purchase properties and flip them using a heloc or house hacking for example? Any other good real estate investing channels to watch on YouTube? Plan on purchasing my first property soon and trying to be as enlightened on the subject as possible before I pull any triggers. +I use a budgeting app, and have calculated all of my expenses (rent, car payment, health insurance, prescriptions, food, student loans, etc.) to be $1700. I will be making about $3300/month after taxes, without any overtime. + +I currently have $1000 in savings, $36k in student loans, and $1100 in credit card debt. I plan on paying the credit cards off first thing once I start working next month. I have enough in my checking account to do it now, but want income flowing in first. Is that dumb/should I just pay it off now and start fresh with the new job? + +I plan to work overtime because why not, but don’t want to count that towards my baseline income since the amount might vary week to week. + +How would you allocate the money leftover ($1600/month) into savings, a brokerage account, towards debt, and into a 401(k)? Should I be saving most of it, or throwing it towards the student loans as much as possible? +A little background. I'm 29 years old, and make 70k on paper. Up until this past October I was paid 40 hours pay check and cash after 40 hours. With that system I made more money, but didn't help when applying for mortgages. My boss put me on salary so I could get a mortgage. Im now pre approved for 375k. + +Right now I currently owe one 17k loan and one 19k loan from college. It's getting harder and harder every day to try and buy a house with my approval, rates are increasing rapidly, and with a single income houses in my price range on Cape Cod are hard to find. + +Im debating making a 17k payment, basically my potential down payment, on the 17k loan that has a 10% interest rate. + +I have stopped my ira contributions recently trying to save as much cash as I can for the potential of a house popping up but am tempted to just get rid of that loan. + +My thought is to pay the loan off, save all summer again, should be able to stack about 20k, and look for a house this fall, or suck it up and look for something to rent. Getting harder and harder to live with my parents at this age too. + +In summary, is it a good idea to put 17k at a loan or continue saving and hope the housing market gets better? + + +Thanks for all the advice, seems there is a general consensus that buying right now isn't the right idea. Need to focus more on that big loan and hope the market turns around. +If you have important and sensitive information and you NEED TO LEAK IT FOR THE GREATER GOOD OF THE WORLD. There is a simple way to do so. Especially if your liberty is on the line, you should consider **buying an inexpensive device IN CASH**, that doesn't require any login to use, and use it only on **public Wi-Fi networks**. Reformat it and get rid of it as soon as you're done for safety sake. Make sure you do NOT have your personal devices on and within 100 meters of the device. Some devices use Bluetooth and WiFi to ping other devices and it could lead to a connection if your personal device were ever to be confiscated for whatever reason. If you want to be extra cautious, make sure the public wifi point is outside of any camera system. For instance. Head to McDonalds, use their WiFi and sit outside. + + + +If you want to use a browser, I'd recommend using Tor browser as it is probobly the most anonymous browser you can use. + + + +If any apes have more info / suggestions to add, comment and upvote! I can add the best info to the post in edits and give credit! + + +The best thing about reddit and this community is we can all learn and work/move foward together. +Adam Cochran has been a pretty knowledgeable follow on this FTX implosion. His thread here https://twitter.com/adamscochran/status/1593679267392544769?t=FXKDTVKs-xzFk0f6oSl58A&s=19 is bringing to light that there aren't any tokenized stocks on the FTX/Alameda balance sheet that's been publicized during their Chapter 11. +This is a comment somebody posted in a post about German recession on r/worldnews + +> German companies Zeiss AG and Trumpf AG are hightech companies that deliver crucial elemts of ASML´s tools to manufacture High-tech chips. Without ASML, there would be no modern chips. And without these two German companies (they make the laser and mirror technology), there would be no ASML. + +> There are many of these "hidden champion" in Germany, that are relatively unkown to the public but are world leading companies in their fringe fields of expertise. + +Germany has many tech companies that are the backbone for many other essential tech industries in Asia and worldwide. Yet, German tech companies and German economy itself didn't grow as strong as Asian and American companies. Why? +What are the biggest and/or most often occuring scams in your opinion? It can be a type of scam or a particular reoccuring one, etc. For me, hands down: + +&#x200B; + +**Hi my name is FxLifeStyle and I am a 22 year old Rich Forex Trader making millions...** + +https://i.redd.it/f3697jj17xz11.jpg + +What a fucking piece of shit this guy is... +According to my analysis, I expect the price to fall to the level of 1.26487 at minimum. Around/near this level I will start looking for a long setup. Note here that there is a strong correlation with the eur/usd. This pair does exactly the opposite of the eur/usd. Have this in the back of your mind. The goals I will ask for are predetermined and appear on my chart. + +https://preview.redd.it/ttp9tpjanlg61.png?width=1823&format=png&auto=webp&s=8646b938656742b8dcdd54657ac64e270935b033 +We’ve all been here for a while, some of us are struggling, some of us are making some wins and progressing. + +Wouldn’t be good if we take a step back from all the TA and FA, take a deep breath, and hear some success/ inspiring story from the traders here? + +Share us your stories you successful traders! What’s your “AHA” moment, or the turning point that you’ve made that make you from negative to profitable? +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +So for new beginners out there I'm sure this could really help or u know reddit being reddit. Anyway what are some things you wish you knew before you started to buy stocks. Whether it be trading or buying and holding for years. Any possible thing you wish you knew before starting. If you could time travel and tell yourself something that you wish you knew before starting , what would that be? +Is this why the government is pushing private healthcare? Is private healthcare worth it? I pay $30 a month for private dental healthcare and psychology, no hospital cover. +Given the continued QE, the increasing usage of the ON RRP facility, and the lack of inflationary concern from JP at the FOMC meetings yesterday, I figured I'd take a stab at distilling what's happening. + +In case you're interested, here's a write-up I did that will go into **much** more detail than I will here: [https://www.reddit.com/r/Superstonk/comments/o0kt0y/the\_fed\_value\_of\_money\_and\_emergency\_relief/](https://www.reddit.com/r/Superstonk/comments/o0kt0y/the_fed_value_of_money_and_emergency_relief/) + +Hokay, here we go. + +# Monetary Policy and the Fed + +Again, keeping it top line here. The Fed's main goals are + +1. maintaining moderate long-term interest rates +2. maximum employment +3. stable prices (specifically keeping inflation around 2% \**on average\* this is key*) + +How does the Fed work to achieve these goals, you ask? Monetary Policy: + +**Expansionary** \- cash goes in, collateral comes out, saving goes down, spending and economic growth accelerate + +**Contractionary** \- cash goes out, collateral goes in, saving goes up, spending and economic growth slow + +They did this by setting a target interest rate on which all interest rates can be based. Increasing or decreasing this target rate is the main driver of monetary policy. How they reach that target has changed over time. + +https://preview.redd.it/tel7un3ust571.png?width=810&format=png&auto=webp&s=a2e760af368c2cd0ec1a1ac26be313e170a8dde4 + +**Pre-2008** + +For a long time, the Fed did this solely by dictating the amount of reserves held by institutions at the Federal Reserve. It could increase or decrease the supply of reserves by buying or selling treasuries on the open market. + +[How it used to work](https://preview.redd.it/ao0g9bynst571.png?width=807&format=png&auto=webp&s=be9025fbbf6610f4ad0e3ef83e293686ce1776f8) + +Simply, these changes in the supply and demand of these reserves determined the **federal funds rate** (FFR), which is defined as the interest rate that banks charge each other to borrow or lend reserves in the federal funds market. This rate acts as the foundation for all interest rates in the market(s). As a consumer, the higher your credit-worthiness, the closer your rate on a loan/car/etc. would be to the FFR. To summarize: + +* To raise the FFR, the Fed decreases the supply of reserves by *selling* **U.S. Treasury securities** in the open market.6 The decrease in reserves shifts the supply curve left, resulting in a higher FFR. +* To lower the FFR, the Fed increases the supply of reserves by *buying* **U.S. Treasury securities** in the open market. The increase in reserves shifts the supply curve right, resulting in a lower FFR. + +&#x200B; + +[Moving the vertical supply curve left or right adjusted the FFR](https://preview.redd.it/t8axn611mt571.png?width=410&format=png&auto=webp&s=19f1e30216d8b13542d93ea0a2a1f7e8678af10a) + +**Post-2008** + +So, obviously a bunch of fucked-up shit took place - I recommend reading the essay compiled by u/criand \- [The Bigger Short. How 2008 is repeating, at a much greater magnitude, and COVID ignited the fuse. GME is not the reason for the market crash. GME was the fatal flaw of Wall Street in their infinite money cheat that they did not expect.](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) + +But long-story short, the Fed 'needed' to do something to prevent the entire collapse of the global economy. + +*\*opinion\* the Fed could've prevented a lot of this shit through it's job as a economic 'regulatory' entity, but has instead chosen to be a 'lender-of-last-resort' coming in as the janitor to clean up Wall Streets shit* + +ANYWHO, what changed? Well a lot actually, but we'll focus on how the Fed determines interest rates now. + +When the Fed when on a shopping spree to clean up the liquidity mess of the MBS debacle, it drastically altered the composition of its balance sheet - meaning the asset side not only went up significantly, but also changed in composition. It no longer only purchased US Treasuries on the open market, but now was open to buying the dog shit MBS, agency debt, and other assets that were previous dubbed, well, dog shit. Here's a colorful graph to illustrate this: + +&#x200B; + +[ooo colors](https://preview.redd.it/n9wb3ihmnt571.png?width=2184&format=png&auto=webp&s=e5bc5d26f81ea98c076563fab4bedc6580b56432) + +So quickly without going into accounting 101, balance sheets. As the name implies, balance sheets have to remain balanced. So what did the Fed do to compensate this shopping spree, it 'printed money' of course, by creating new reserve balances on the liability side of the sheet. Problem solved + +Except no, this just introduced a whole new problem. As you can see above, it wasn't a short term fix. This created a **lasting and fundamental change in how the Fed conducts monetary policy.** + +**Limited-Reserves to Ample-Reserves** + +See the problem is, when there is a large quantity of reserves in the banking system, the Federal Reserve can no longer influence the FFR by making relatively small changes in the supply of reserves. This changes the entire fundamental mechanism of monetary policy! So what'd they do? They just changed the policy. + +Introducing IOR on ON RRP - Interest on Reserves and Over Night Reverse Repo Rates. Now by adjusting these rates, the Fed can control that FFR they care so much about, by trying to keep it within the desired range dictated by the current monetary goals. + +&#x200B; + +[With the Supply curve now so far to the right \(lots of reserves\) the FFR rate is less likely to fluctuate along the demand curve](https://preview.redd.it/hddxylu5pt571.png?width=412&format=png&auto=webp&s=0a26d531900d37414adf83a57e53e01ef1b8ff90) + +By implementing the guardrails of IOR and ON RRP, the Fed again has control over monetary policy. Except now, it's not really monetary policy anymore is it? A lot of economists will argue it's something called **Credit Policy**, because the quantity of 'money' isn't actually changed - just the rate at which it can be borrowed. + +The Fed seemed to get rather used to this concept, and as the economy recovered from the Great Recession, the Fed took steps to reduce the supply of reserves from its peak in October 2014 of about $2.7 trillion. Over the next few years, the Fed reduced reserves to about $1.7 trillion. However, they still remained *ample as it related to pre-2008.* In fact, in January 2019, the FOMC released a statement saying it would continue to implement policy with ample reserves in the long run. This was further confirmed in June of 2021 (yeah like 3 weeks ago), when the Fed announced it plans to move away from reserve requirements as they just aren't needed when you have ample reserves. + +I skipping so much shit, but for the sake of keeping your attention we'll move on + +**Which Brings Us to Today (more or less)** + +We all know what happened last year, and the ample-reserves at the Fed have only become **MORE** ample. As mentioned, policy directives were starting to wind-down the reserves held at the Fed, until COVID hit. + +&#x200B; + +[FED PRINTER GO BRRRRR](https://preview.redd.it/ncq8dvcjqt571.png?width=1466&format=png&auto=webp&s=cd6d82f86d2347795a3b101bfcc0585bc9ad51a5) + +Now, the Fed is buying $80T in Treasuries, $40B in MBS, and droped the ON RRP to 0% - setting an effective FLOOR for all interest rates. + +**The ON RRP Facility** + +Well when the Fed decided it wanted to finally shift gears and 'taper' their dog-shit-shopping-spree, the question remained of how that would affect short-term interest rates. After all, the IOR only applied to a select list of primary dealers, so how could they guarantee that those institutions would follow their plan? + +In order to maintain control of this process, they set up the ON RRP Facility in 2014. The ON RRP facility is a form of open market operations where the Fed stands ready to interact with many nonbank financial institutions, such as large money market funds (MMF) and government-sponsored enterprises (GSE) - think Blackrock (MMF) or Freddie/Fannie (GSE). This RRP facility enabled those institutions to engage in overnight RRPs with the Fed at a predetermined rate (the “ON RRP rate”), which was set 25 basis points below IOER - essentially creating those guardrails you saw around the FFR. Now by moving both the IOR and ON RRP rates, the Fed again has control over monetary (or credit) policy. + +**The TGA** + +Something worth noting is the Treasury General Account - essentially the slush fund for the US Dept. of Treasury, held at the Fed. Similar to a lot of things, the functions of this account changed after 2008. + +The way it operated prior to 2008, it didn't actually affect bank reserves and/or monetary policy as the Treasury Taxes and Loans program handled it separately. So when a corporation paying taxes, for example, would write a check to the Treasury that would be deposited in a bank, where the funds would be deposited in a Treasury account and stay on the bank's balance sheet rather than going into the TGA (as it does now). However, the need to collateralize Treasury deposits occasionally led banks to cap the amount of funds they were willing to hold for the Treasury. This limited the Fed/Treasury's ability to influence monetary policy directly via Treasury issuance. + +Now, the TGA has become a big driver of monetary (or credit) policy, and it has direct influence over the reserve balances held at the Fed. So a wind down of the TGA balance directly *increases* the balance of federal reserve account balance of depository institutions. The treasuries issued last year as 'payment' for the $3T for COVID relief go back to the Treasury to likely be used again for the next time they want to pump up the TGA balance around stimulus spending. + +This effectively removes the available collateral that can be borrowed from the Fed on a short term basis. Those *treasuries* held on collateral sat in the SOMA (assets side) at the Fed, but the Treasury's *cash* sits in the TGA (a liability on the balance sheet), which is also at the Fed. In order to offset that disparity - influx of cash coupled with decrease in available bonds to borrow - it necessitated the utilization ON RRP facilities, which as we know was introduced to help control short term rate changes in the money markets - now directly affected by changes in the TGA account. + +***Long story short - TGA goes down, Reserve Balances go up = more cash in circulation*** + +&#x200B; + +[look at the inverse relationship between the Green and Orange lines](https://preview.redd.it/tspj5vat0u571.png?width=1464&format=png&auto=webp&s=0d6db955bd2019b2f453cadaae361819fccea7a3) + +# To Wrap Up + +**So now that you understand the macro objectives of the Federal Reserve (hopefully), I'm going to quickly summarize the current situation we're in and why no one (at the Fed at least) seems to be concerned:** + +[According to the Fed](https://finance.yahoo.com/video/ny-fed-pres-williams-financial-200415526.html?guccounter=1&guce_referrer=aHR0cHM6Ly93b2xmc3RyZWV0LmNvbS8&guce_referrer_sig=AQAAAA64ghmbSRhBF8yMH6GXtqGi5cppvTxynQHoXkunrkOahGgH5t8tn9bK_iQYFftcFxV6TKs_FgiPcrDCWtkLy9qMKKfHqtQ-vk509BiZD9cnySHy89BJp0BWpwiWd7wON9225Lspm6fSI4z-_vbycGMAi591nP8nrXf6cVUAH4Qr), as JP reiterated yesterday, this is business as usual, working exactly as intended, and will continue for the foreseeable future. + +However, the banks [have way too much cash](https://www.wsj.com/articles/banks-to-companies-no-more-deposits-please-11623238200). All of them. Commercial all the way up to GSIBs. So in order to maintain their capital requirements they're offloading a lot of it to MMFs. (This dude proves that it's MMFs mainly using the ON RRP facility right now, as intended [LINK](https://www.reddit.com/r/Superstonk/comments/nzrtvz/daily_reverse_repo_update_0614_583892_b_new_record/h1r5c7f?utm_source=share&utm_medium=web2x&context=3)) + +So why is the Fed still doing this? Well, go back to those mandates as part of their charter Specifically, 1) maintain a stable rate of inflation of around 2% *average* and 2) full employment. Inflation is not a concern to J. Powell, as he feels it is transitory and will even out to hit that *2% average over time*. **The kicker is unemployment is still high.** **So until more people return to work, the QE will continue, coupled with the wind down of the TGA.** + +So, to summarize, a major concern a lot of people have is that as this continues short-term interest rates have an increasing likelihood to dip into the negatives. This isn't ideal obviously, and if that transcends into commercial banking you're going to see a run of consumers pulling out their cash (who wants to pay the bank to hold your money?). + +Duh duh duh - the ***ON RRP facility mops up that mess, each and every night.*** + +So the whole point is that the Fed is kicking the can down the road not with anything to do around over-leveraged equities (at least not fully), but to avoid negative interest rates becoming prevalent, and seeing all that cash and liquidity out there drained from the markets - effectively undoing their goals around current monetary policy. + +**Hence, resulting in the "nothing to see here folks" narrative.** + +Again, this is a summary of events and there is a lot of missing information and dynamics not covered. Obviously not financial advice, as always be kind to one another and buy & hold + +If you want to get a more in-depth crash course on this evolution, [this is a great place to start](https://reffonomics.com/amplereservesregime.html) +The car is dead. We got the title to it about a month ago. + +Husband was driving on the free way, car lost power and started emitting blue smoke, he got it home though. It’s a 2009 Mini Cooper S with 82k miles on it. We did maintenance on it, oil changes, etc. it could be the pistons or a head gasket. Of course it’s something that will end up costing us more than the car is worth. + +Why is life like this? We were so excited to be done with that horrible loan and to pocket the money or use to pay other debt quicker. Now the car is sitting in the drive way. We have my car that I locked in low payments and interest on before Covid hit and my credit went to shit when I lost my job which is saving us but now I’m without a car and I’m looking for work. Makes it way more difficult. + +This is why we can never get ahead. I’m so sick of this happening. Every time we celebrate a small win we are hit with something like this. + +Edit: since some people are missing the point of this Vent post, let me clarify. It doesn’t matter what kind of car it is. He got the car he wanted. The car ran great until it died. It’s the fact that we just paid it off, thought we got ahead in life. Got rid of a high interest debt! We were happy and then Bam, just like that another expense hits us. We are still recovering from paying it and don’t even have enough saved, yet. + +I was venting my frustration out that it died when it did. + +However, thanks for all the kind words and advice. Life sucks, I get it. I was just venting. +Cybersecurity is a critical component of financial security, but rarely discussed in personal finance circles. Note that cybersecurity practitioners disagree over best practices for personal cybersecurity. This is my perspective, as I have some expertise in the area. This guide was posted to r/fatFIRE as part of my ongoing Fat Guide series. + +As a member of r/personalfinance, you likely have a little bit more money and better credit than the average person, and so are a particularly juicy target for attackers. This guide is written with the intent of preventing attacks from strangers and people you know. Obviously, more skilled attackers who are targeting you specifically will get you eventually, so we won’t cover that. + +Good cybersecurity protection consists of prevention, so you don’t get owned, and monitoring, so you know when you’re owned and can take action to remediate the damage. A common method for attacks is that a website’s database gets compromised and your information is stolen, which could be passwords or credit card info. This information is then used to harm you. You can check haveibeenpwned.com to see if your email is known to be compromised. You should move forward with the assumption that your information is out there, as that mindset will help you the most. + +**Passwords** + +One of the reasons email/password credentials are so valuable to attackers is that most people reuse the same passwords for everything. Ideally, getting my Reddit email/password combo would only allow a malicious insurance broker to post about the benefits of whole life insurance on r/personalfinance, which would be a travesty but not disastrous. However, many people reuse passwords so stealing my reddit credentials would permit them to log into my bank account, email, etc. + +You should be using a unique, strong password for each site, but since that’s hard to remember, you should use a password manager like Lastpass. Using a password manager guarantees a unique, strong password for each site. The only passwords you should keep outside of Lastpass are your lastpass password, your email(s) password, and your computer password. You may ask what happens if Lastpass or other password managers are hacked. I won’t get into the technical details, but your information is generally safe even after breaches because the company doesn’t’ hold the encryption key to your data, you do (as your password). Security experts agree that using a password manager, even one with potential vulnerabilities, is generally safer than not using one. This is a bit of an oversimplification, but it's true. Use a password manager. + +**2 Factor Authentication** + +Obviously, two factor authentication improves your situation by preventing someone from compromising your account if they only get your username/password. However, traditional 2FA methods like email or text can be phished. There are many scams where someone calls you, pretending to be your bank, and then tells you to read them the number texted to you to “authenticate yourself.” Meanwhile, they login or reset your password with the code and clean you out. Another method, “SIM swapping,” which was recently used to steal Jack Dorsey’s (twitter CEO’s) twitter account, is where the hacker convinces your phone provider to switch your number to the attacker’s SIM card in their phone. You can’t defend against this, so phone 2FA is never perfectly safe. + +The solution? Security keys, such as Yubico’s Yubikeys or Google’s Titan keys. These are physical devices that provide a code, and can be used for 2FA on Google, Facebook, Vanguard, Reddit, Lastpass, and many more. Unfortunately, few commercial banks support security keys including Ally (please message their customer support about this, they need to support it). Security keys cannot be compromised outside of stealing the key as they require you to have physical possession of the device. Of course, you need two of them in case you lose one or it breaks, or else you’ll get locked out of your accounts. With premium Lastpass, you can use security keys to protect your Lastpass passwords as well. This is a great tactic. + +**Protecting Root** + +Getting “access to root” means you have access to everything. In this case, “root” is your email because you are generally able to reset your password on other accounts from your email (I suppose your phone or pc may be as well, more on that below). My recommendation in this case is to use Gmail with the advanced protection program (requires security keys). This will make it virtually impossible for anyone to access your account but you. However, if you lose both your keys you will have to wait a few days for Google to confirm who you are so you can get back in. One of the other advantages to using security keys is that “root” doesn’t really exist anymore on any account using them, as even if an attacker breaks into your email they can’t bypass security key 2FA for other accounts. + +My other recommendation is to use two emails, one which you use publicly and the other privately. Use the public one for whatever: social media accounts, receiving forwarded articles from your crazy grandpa, applying to jobs, etc. The private one should be used only for your financial accounts, such as banks, brokerages, and credit cards. You can also use this email for Lastpass. You should never provide this email to anyone, ever. This will make it very hard for someone, even someone who knows you, to guess what email you use for your finances. Ideally, you’d be using a separate computer, like a $200 chromebook, as the only computer/phone from which you access this email or financial accounts, but that’s pretty paranoid and not necessary. Both of these Gmail accounts should use unique, strong passwords you have memorized, and not be stored in a password manager, just in case. + +**Protecting Other Accounts** + +Protecting all other accounts is straightforward: use your password manager for a password and use 2FA (preferably with a security key) wherever possible. You never know which account will give an attacker the info they need to own you, which could be your address, phone number, etc. Imagine if your spouse or mom got a Facebook message from “you” saying you forgot your SSN and need it right away. Many accounts, particularly financial accounts, may contain tax forms with your social security number. Most people don’t realize their college account, which may have financial aid tax forms, may have this info. Protecting your SSN is really, really, hard, which leads us to… + +**Financial Information** + +Frankly, protecting your SSN today is basically impossible. If you used credit before the Equifax breach, your info is probably in the wild and could be used today or 50 years from now. If you have no immediate plans to use your credit, freeze it with every major bureau. Also, set up credit monitoring so you know if anyone opens an account in your name. Unfortunately, there is not much you can do to prevent your SSN being compromised. Your SSN is everywhere, from banks, to colleges, to your employer, to your doctors/accountants/lawyers office. It is a literal disaster that will hopefully be corrected, but probably won’t. + +Credit cards are equally challenging to protect (if not more so). You should use credit cards and not debit cards wherever possible, as it is unlikely you will successfully dispute debit card transactions. It is common for credit card info to be stolen via database hacks (do you really trust every vendor you use your card at?). Apps like Apple/Google Pay are actually even better as a result, as they use a one-time code for the transaction that cannot be used afterwards, so it doesn’t matter if they are stolen. Here, I will also note that while RFID-readers reading your credit card while you walk by on the sidewalk is technically possible, there has never been a documented case of it occurring and the RFID-blocking wallet is totally unnecessary as a result. + +A critical component is, again, monitoring. You can typically configure text alerts for every credit card transaction. I receive a text every time any of my cards are used. This helps identify fraudulent transactions in real-time. + +Lastly, it is often possible with banks to set up a challenge/response for phone calls. They might have to provide you a code to authenticate themselves as your bank, or they may ask you a security question/ask for a code to authenticate you. This is very helpful at stopping social engineers from stealing your info, either by pretending to be your bank calling you or pretending to be you calling your bank. Keep in mind, though, that many “security questions” are awful and can be found on your facebook. So pick a weird one, like “Who was your least favorite teacher in high school?” + +**General Device Security** + +Device security is really fraught and challenging. From a phone perspective, you should of course use some sort of authentication (such as fingerprint, passcode, pattern), on your phone and also on each of your financial apps, so stealing your unlocked phone doesn’t grant automatic access to financial accounts. Aim to only install apps from trusted sources, as multiple apps that have 10-100 million+ downloads have been demonstrated malicious. + +PCs are a little more challenging. Chromebooks are the safest PCs from a security perspective. If you ask me what the best antivirus is, it’s a chromebook. Seriously, if you’re going to get a laptop for anything but gaming or video editing, get a chromebook. Despite what many laymen say, Macs aren’t technically more secure than Windows, but attackers are less likely to target them because they are less common. As you do sketchier things on the internet, you are more likely to get owned. For example, regular browsing on trusted sites is typically safe. Going on adult or illegal streaming websites may have malicious pop-ups or ads. Torrenting is more dangerous, and the dark web can be extremely thorny. As a result, I strongly recommend that if you want to engage in unsafe behavior (i.e. torrenting) on the internet, at least keep a separate $200 Chromebook only for all your finances, and don’t access those accounts from any other device. No reason to lose tens or even hundreds of thousands of dollars because you didn’t want to spend $20 on a video game. + +As far as anti-virus goes (if you have to use something other than a Chromebook), Bitdefender is a pretty good bet, but there’s a lot of good software out there. Personally, I’d be wary of anything Russian or Chinese either as security software (Kaspersky) or as a device (Huawei). Chinese manufacturers are known to insert backdoors into their devices. In one particularly ironic instance, a chinese manufacturer perfectly copied an American device down to the typos in the manual, but their version had twice as many security vulnerabilities. This is one of the reasons letting Chinese manufacturers build 5G infrastructure in Europe is so worrisome. + +In a similar vein, public wifi is questionable. There are a lot of opportunities for attackers associated with public wifi networks. HTTPS stops many of these, but tools like sslstrip highlight some vulnerabilities. A VPN may be helpful, but most free VPNs are awful, so do as you will. + +**Summary** + +Someone before asked for a flowchart or something of the sort, so here is a concrete action plan: + +1. Get at least two security keys (i.e. Yubico) +2. Set up a public and private gmail account. Your private email should not be linked in ANY way to your public email and should be given to no one. +3. Turn on advanced protection on both gmail accounts and link to security keys +4. Get a password manager like Lastpass. If you get Lastpass premium (recommended), add your security keys for authentication. +5. Generate new passwords using your password manager for all accounts but your emails, pc password, and your password manager itself. +6. Associate any financial accounts, such as credit cards, banks, brokerages with your private email +7. Turn on 2FA (with the security keys wherever possible) on all accounts, as well as login alerts. +8. Turn on text/email alerts for any credit card charges or bank transactions, as well as credit changes. +9. Make sure your phone is locked by some authorization measure, as well as your financial apps individually. Preferably a password. Added bonus: cops can’t get a password but can force your fingerprint or face id, a current dispute in the courts. +10. Optionally freeze your credit. +11. Optionally get a cheap chromebook as the only computer on which you do financial transactions. +12. Optionally encrypt your phone and hard drives. + +This may seem overly paranoid for some of you, but using a password manager with security keys wherever possible, and 2FA where not, as well as Gmail’s advanced protection program is your best bet for protection on the web. You should configure monitoring for your accounts, SSN, and credit cards so you are aware of when they are used in real-time. There is obviously a lot more that could be covered, but the goal of this guide is not necessarily to make you impervious to attack, but rather to make you a very hard target so attackers give up and ignore you. Frankly, nothing will destroy your financial situation faster than a hacker who cleans your clock. +Last night, I posted about my theory on the vote count total and how it has nothing to do with the float count. Some comments pointed out that my theory had a fundamental flaw, and they were absolutely right, and that's cool I can admit when I'm wrong, but the core of the issue remained. + +&#x200B; + +INSIDERS CAN VOTE. THEIR VOTES COUNT TOO. Saying that the vote count = the float count means that none of the insiders (Ryan Cohen, George Sherman, etc) voted any of their shares. + +&#x200B; + +\---- Edit: apparently I wasn't clear enough here because there's some confusion. What I'm saying is that insiders can vote, so all those posts that are celebrating that the number of votes = the number of shares in the float are spreading some pretty fundamental misunderstandings. The float = total shares *minus* insider shares. You can bet Ryan Cohen and other insiders voted their shares... so the gap between max theoretical votes (70,771,778) and actual votes (55,541,279) is NOT because the votes were trimmed to match the float, but rather that float shares weren't voted, and below I talk about possible hedgie fuckery to make that happen so they could try to spread FUD among apes. The insider shares that were voted are included in that 55M votes. End of edit. ---- + +&#x200B; + +It's been bugging me, my theory was wrong, but I know I'm right about the insiders being able to vote and that the number of shares in the float nearly matching the vote count is irrelevant. u/Hiftee mentioned that the only thing that would really make sense is if a bunch of the big boys didn't vote their shares which got me thinking and googling, and I think I found something major. + +&#x200B; + +About a decade ago, the SEC started talking about investigating something they called **Empty Voting** ([source](https://www.institutionalinvestor.com/article/b150qg2zl5904b/sec-to-address-empty-voting)), which is essentially amassing voting power without actually exposing yourself financially, or greatly minimizing your financial stake in the company. There are a lot of different strategies in which this is used, but one in particular is called **Record Date Capture** which is describe as "*borrowing shares in the share lending market for a limited period around the record date*" or "*an investor can buy shares just before the record date and sell them soon after*" (quotes are from page 23 and page 26 of this massive 99 page [PDF](https://poseidon01.ssrn.com/delivery.php?ID=118071094081103011120087005021006120051002022033030034120117018109121072005102031106002028029055022035011114092089086113007026005095045051030001087090000117076095039015024082110089003001088127022083098120083005112100026086029075121108072075093021&EXT=pdf&INDEX=TRUE)). + +&#x200B; + +Usually Record Date Capture / Empty Voting are used to sway a shareholder election in a certain direction, but what if they just... Don't vote. Doesn't that seem like a great tactic for a FUD attack? Get a bunch of shares and then just... Don't vote. Create confusion. Make the apes think that there were fewer votes than shares and no over-voting. Plus, bonus, you have a bunch of ammo to sell off and drive down the price after the record date. + +&#x200B; + +Alright well, do we have any proof that this happened? I don't know. Maybe my tinfoil hat is just screwed on too tight. This is where I need some help from those of you with a lot of wrinkles. Below is what I've got so far, followed by some questions I can't answer. + +&#x200B; + +In GameStop's Proxy details ([source](https://investor.gamestop.com/node/18846/html)), they listed some institutions with large amounts of voting shares, including + +&#x200B; + +|*Institution*|*Shares*| +|:-|:-| +|BlackRock, Inc.|9,217,335| +|RC Ventures LLC|9,001,000| +|The Vanguard Group|5,162,095| +|Senvest Management, LLC|5,050,915| +|Maverick Capital, Ltd.|4,658,607| +|Susquehanna Fundamental Investments, LLC|4,409,467| +|Dimensional Fund Advisors LP|3,934,919| + +&#x200B; + +Alright, and so what? I decided to compare that to some recent screenshots from a Bloomberg terminal ([source](https://www.reddit.com/r/DDintoGME/comments/nqvbv0/02062021_gme_bloomberg_terminal_information/)) to see what institutions were reporting as of 03/31/21 (the date up to which their most recent 13F filings would cover). + +&#x200B; + +[This is a screenshot from June 2nd 2021. Why is Susquehanna's File Date still from 12\/31\/20?](https://preview.redd.it/mius6y0mrn471.png?width=2854&format=png&auto=webp&s=efb26b67e40598b3a848ef1ceb2fb58e1116a6eb) + +A couple of things jump out here. Why aren't Senvest, Maverick, or Dimensional on this Bloomberg list? Why is Susquehanna's filing date still showing Q4 data, and why is it a different "branch" of Susquehanna? The terminal seems to indicate that Susquehanna International Group LLP hasn't filed their Q1'21 info, but fintel has their Q1'21 13F filings listed ([source](https://fintel.io/i13f/susquehanna-international-group-llp/2021-03-31-0)) and this is what it shows for GME: + +&#x200B; + +[As of 03\/31\/21, Sus International only has 146K shares](https://preview.redd.it/otrj7tc99o471.png?width=1762&format=png&auto=webp&s=6685d5e74cb09c9232c9fbaac18c176a7641563d) + +&#x200B; + +Bloomberg had Sus International at 4.4M shares at the end of Q4'20, but their most recent 13F for Q1'21 (which they filed on 05/17/21 - [source](https://fintel.io/i13fs/susquehanna-international-group-llp) \- so I don't get why it's not on the bloomberg terminal) shows them at 146K shares. Maybe they just transferred their shares to Susquehanna Fundamental Investment LLC? Well, here's what Sus Fundamental's Q1 13F ([source](https://fintel.io/i13f/susquehanna-fundamental-investments-llc/2021-03-31-0)) shows for GME: + +&#x200B; + +[Nada. Zip. Nothing. Zero shares of GME held by Sus Fundamental as of 03\/31\/21. They sold all of their previously held 79,701 shares of GME.](https://preview.redd.it/tlv91vyt9o471.png?width=1764&format=png&auto=webp&s=96187a40677073da646c55b93b922b7db0d4ae87) + +&#x200B; + +Errrrr... ok... so as of 03/31/21, Sus had nowhere near the number of shares that GameStop is reporting for them, so they must have re-obtained the exact same number of shares they had in Q4'20, under a different branch of Sus, sometime in the first 2 weeks of April? That's... fucking weird... + +&#x200B; + +Let's move on to those who were missing from the Bloomberg list but GameStop reported as having a large position. + +&#x200B; + +We'll start with Senvest Management, LLC. Their Q1'21 13F ([source](https://fintel.io/i13f/senvest-management-llc/2021-03-31-0)) shows + +[As of 03\/31\/21, Senvest Management, LLC owned 0 shares. In Q4'20 they had owned the same number of shares as what they are reported by GameStop to have owned on 04\/15\/21.](https://preview.redd.it/20991fo6ao471.png?width=1760&format=png&auto=webp&s=91696e88bc3cdd64bacbe3f2871158e49dae7830) + +&#x200B; + +Alright... Them too??? What the fuck. **WHAT THE ACTUAL FUCK.** + +&#x200B; + +Maverick Capital, Ltd. 13F for Q1'21 ([source](https://fintel.io/i13f/maverick-capital/2021-03-31-0)): + +[Same shit. As of 03\/31\/21 they had zero shares of GME.](https://preview.redd.it/iw5gykcpao471.png?width=1762&format=png&auto=webp&s=da0d9084724b59b64e1dacb7e34d3b40992aa38d) + +&#x200B; + +Dimensional Fund Advisors LP 13F for Q1'21 ([source](https://fintel.io/i13f/dimensional-fund-advisors-lp/2021-03-31-0)): + +[As of 03\/31\/21, Dimensional retained only a very small portion of its previously held shares.](https://preview.redd.it/lp0mdfi0bo471.png?width=1762&format=png&auto=webp&s=be2dc26e1d243f9e2e4cb74e29b04072b4e7edea) + +&#x200B; + +Combined, those 4 funds held 18M shares for voting. More than enough for the FUD campaign I mentioned above using Record Date Capture / Empty Voting. + +&#x200B; + +But now, some important questions that I don't have enough wrinkles to answer. If there was over-voting but one or many of the specific entities called out by GameStop on their proxy document didn't vote, would they need to trim votes to "make space" for the votes of the institutions whose votes are missing? Is there any connection between these funds? Is it common for institutions to sell off their entire position and then a quarter later buy back in at exactly the same number of shares? + +&#x200B; + +As a comparison, here's BlackRock, Inc's Q1'21 13F details ([source](https://fintel.io/i13f/blackrock/2021-03-31-0)) for GME: + +[BlackRock has a very minor change in GME ownership from Q4'20 to Q1'21](https://preview.redd.it/xqdazd9zbo471.png?width=1762&format=png&auto=webp&s=60c9d94a87cb17c7bc0cf1381e02935d3644dcfc) + +&#x200B; + +So... yeah, I need some wrinkle brains to help and peer review this please! Is this something? Is this nothing? Paging u/criand u/HomeDepotHank69 u/atobitt u/jsmar18 u/rensole u/bye_triangle if any of you can take a look, it would be greatly appreciated! + +&#x200B; + +Edit: to clarify, I'm not suggesting that the hedgies actually prevented over-voting in any way, just that they wanted to cause FUD and panic among apes by making it LOOK that way. They knew how hyped everyone was for the vote count. If the FUD tactic I described above was actually used, that would imply that EVERY SINGLE OTHER SHARE was voted (and probably way more than that, but trimmed down). We know that not all retail shares were actually able to vote due to broker limitations, so there must have been over-voting by retail to still manage to need to be trimmed down (as is implied by Larry Cheng's mismatched vote total, which likely occurred due to rounding adjustments while the vote count was trimmed down). + +Also, great top-up from u/greysweatseveryday : + +>If Computershare would correct any over-voting, it would do it on a shareholder-by-shareholder basis (not just remove all of the excess votes to get to the maximum). If Computershare knows that 15 million shares held by certain institutions have not voted (and have not assigned their voting rights to any other person to be voted by proxy or otherwise), then those 15 million shares will not be represented in the vote. + +&#x200B; + +Edit 2: u/Bit-corn pointed out that: + +>[The SEC](https://www.sec.gov/divisions/investment/13ffaq.htm) states that filers of Form 13-F should report securities that they own and have loaned to a third party. +> +>Question #42 in the link above +> +>Now, whether or not that is enforced…🤷‍♂️ + +So in theory, even if the institutions I mentioned above had loaned out all their shares, they should still include those shares in their 13F forms and it would not show them reducing / selling off their position. + +&#x200B; + +Edit 3: another question to address based on all the discussion below... If GameStop's proxy data shows a vote count that is "stale" because the Q1'21 13Fs hadn't been filed yet and they use that info rather than being able to get an accurate count of shareholders on April 15... what happens to all those shares that are no longer ACTUALLY held on April 15 (as shown in the 13Fs? Does the vote count still need to keep those vote spots "empty / unvoted" since they were reported as shareholders of record in the proxy? ---- Edit to the edit: if they're using the Q4'20 13F data since the Q1'21 data wasn't available yet, how did they end up with the wrong branch of Susquehanna on the list?. End of edit to the edit ---- +A cautionary tale for all those who read that getting a new offer is a good way of leveraging a raise at your current job - if you do this be prepared that you may have to walk away. + +I have been bored, mildly stressed, and grossly underpaid at my current job. I had been looking around at other jobs and submitting resumes, and recently was asked to interview at a position that paid 15-20% more than I currently make. As I went along the interview process I realized this new job would be more hours, less flexibility, and more stress. I figured worst case scenario they would make me an offer, I could use it at my (then) upcoming employee review to try and get a raise. + +Welp, I went into my review and told them of the offer, and they didn't attempt to counter. Boss basically said 'okay, when is your last day going to be?'. Now I am suffering from job buyers remorse, and don't think the extra money from the new job will be worth everything else that goes along with it. + +Also totally screwed myself out of a hefty bonus. Maybe I should x-post to TIFU. + + + + + +Edit: obligatory 'this got way more attention than I thought it would.' I just want to add some context. + +One - I did not go to my employer demanding a raise 'BECAUSE OFFER' like many assume, I was very brief in my original post and the actual conversation was far more civil than I implied, and a lot of the acceptance regret came after I agreed that leaving was best. (Change is terrifying amirite?) + +Two - I am getting replaced by a outsourcing company in India which will cost my employer probably half of what they currently pay me in salary and other benefits. My boss ultimately looked at their bottom line and realized they had an opportunity to get someone to do my job at half the cost of my salary and benefits, without having to lay me off and pay unemployment. The more I think about this the more I realize this is exactly why I wanted to leave because its indicative of how they view their employees, I was just reallyyyyy dumb in how I went about it and jumped the gun. + +TL/DR Summary - Don't give your notice and reference a new job offer unless you're 100% willing to take new job. Duhhhhh. + + +THIRD EDIT: I want to add that I have never not been a model and hardworking employee, and had a good relationship with my boss. I am an international account coordinator, part of my job is sales and another part is coordinating projects around the globe to ensure my clients get what they want when they want it. I was naive and thought that this was un-outsourceable. (In hindsight, the signs were there. Other people who left were never replaced, or new projects were sent to 3rd party companies etc...) I thought I was that employee that would be indispensable, but I failed to consider how 'penny wise pound foolish' my employer could be, and that they ultimately would always put their bottom line ahead of relationships. Again this is a legitimate reason to leave a business as well as a good thing for me to get out ahead of it. I just should have not jumped on the opportunity with a new offer I wasn't sure about. + + +I want to start algo trading with rudimentary algorithms of my own creation. Just simple stock comparisons so I know what companies to research more. I'm fluent enough in Java/C++ to do the internal programming, but I've never figured out how to input data from outside of the IDE. + +How do you guys get stock data into your programs? I've done research on this and all I have found is 1000 references to the now dead Google Finance API, the now dead/impractical Yahoo Finance API, and a bunch of stuff about JSON outputs from queries to AlphaVantage. The last one showed promise but I was unsure if it was the right direction to go. + +Any tips are appreciated. I can do the research and programming on my own, I just need a hint as to where to start. Many thanks. +The average distance between Mars and Earth is about 2.5 x 10^8 kilometres. That is about 155 million miles, or about 13.86 light minutes. + +Since Bitcoin is TCP/IP-based we need a full roundtrip time of 27.72 minutes just for the handshake. Even if we using UDP the whole protocol will break down. + +This will basically ruin the whole mining and confirmation process, and will impair the ability for interplanetary Bitcoin-transactions. Before Bitcoin will go to the Mars, we need to find a solution for this. I plan to contact the Bitcoin developer team about this soon, or we might face serious problems in the acceptance of Bitcoin as soon as the Mars is colonized. + +**tl;dr:** There are serious long-term issues with the Bitcoin protocol and the developers need to do something about it. +PSA: if there is a bank error in your favor, do not spend the money. saw this story this morning and was reminded of an earlier PF post. + +http://myfox8.com/2015/03/10/teen-convicted-after-spending-30k-mistakenly-deposited-into-his-account/ +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +If I want to invest in dividends, would following lists like these be a good bet?[https://hardbacon.ca/en/budget/the-20-best-dividend-stocks-in-canada-for-2021/](https://hardbacon.ca/en/budget/the-20-best-dividend-stocks-in-canada-for-2021/)[https://www.moneysense.ca/save/investing/stocks/canadas-best-dividend-stocks/](https://www.moneysense.ca/save/investing/stocks/canadas-best-dividend-stocks/)[https://dividendearner.com/top-canadian-dividend-stocks/](https://dividendearner.com/top-canadian-dividend-stocks/) + +And is this a good list for Canadian blue chips? + +[https://www.personalfinancefreedom.com/top-30-canadian-blue-chip-stocks/](https://www.personalfinancefreedom.com/top-30-canadian-blue-chip-stocks/) + +&#x200B; + +&#x200B; +Hey, I'm coming from one of the Slavic countries background, and here, unsurprisingly, the income isn't very high (although the amount of money, that you have to spend, in order to get by is somewhat low as well.), we're talking $500-$1k per month, with minimum spending of around 200-300$, depending on the country\\area. When I started going through posts and materials in this community, I got an impression, that most people here are living in US, UK, and Western-European countries, where there's bigger amount of opportunities to save enough money long-term, or build up enough to have decent amount of finances for retirement. Question is - what should an average Joe(or rather average Vadim) from Europe's far East do, in order to set himself on FIRE(sorry, I had to)? I'm old enough to know, that there's no ultimate solution for any situation, when it comes to building up money, but still, I'd be curious to see, if there are folks from the same area, who figured something out,or, maybe, there are other options to explore here? Aside from something like "Move elsewhere". +Either way you have to pay the same amount for the product - only difference being that you're delaying the time for you to pay for the whole thing, so you might as well pay for the whole thing in full when you buy it. + +Could someone explain to me why Afterpay is such a popular thing? +For those who have done the hard yards to get onto the property ladder, 1) how long did it take you to save your deposit and 2) did you do anything to help accelerate the saving process (ie first home saver accounts, crazy stockmarket bets etc)? +This is me being entirely new to this subreddit, but I've read a decent amount of posts. + +What I've deciphered so far is that it's for individuals who have amassed a hefty fortune, either through inheritance or through a career of some kind. + +So I have a two part question I guess: + +1. If it's an inheritance, what is the question/objective? The money to be FI is already there. So what is the question at that point from a fatFIRE perspective? How to use the money? How much you "should" use? Or how much is enough? What is the goal? + +2. Of it's through career, in most cases (not all) it takes a significant amount of time to get $150-200k+ yearly income. Whether it be through entrepreneurship or through the corporate ladder. So of it's through entrepreneurship, wouldn't the goal be to just allow your business to run itself through proper delegation and thus allowing you to be FI? And if it's through a corporate job, wouldn't there be enough money saved through 401k/personal savings/assets at that point to be FI? + +I am genuinely coming from a standpoint of wanting to understand what the true "goal" of FI is for individuals who identify as a extremely high earner/net worth. I hope my questions don't come off as condescending or anything because I'm not coming from a place of ill intent. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Ok so hear me out. Chinese shipping has recovered, you can see how WTC is climbing up. All coronavirus information is priced in, as we can mirror our situation based off Italy. + +The unemployment announcements have been made clear already and priced in. There may be a lockdown, but that might be priced in too after monday. Government has made significant policy changes. + +I think this is the bottom. + +And if I'm thinking like this. Then many others will be too, so we see an influx in demand. + +EDIT: Yeah the bear is done. +For all the lithium investors on the ASX this webinar presentation by Ken Brinsden former CEO of Pilbara Minerals and now Non-Executive Chairman of Patriot Battery Metals (PMET.V) should make you excited for the upcoming ASX listing for PMT scheduled for Wednesday Dec 7th. + +Some quote summarizations below + +"There is evidence to indicate that it is going to be one of the biggest discoveries of the decade" + +"Pilgangoora has 13 KM of strike extent and the Corvette property has 22 km of strike extent." + +"Incredible intercepts such as 160m of 1.6% Lithium and 70m of 2.5% lithium within which 40m is over 3%" and is dominated by massive crystal structure that is really mind blowing" + +"Maiden resource will be coming out in March next year and our feeling is it is going to be a big one and it is going to demonstrate that there is a really serious project here at the Corvette discovery" + +"Strong infrastructure with ultra low cost power 3.5 cent KWH power compared to Pilgangoora 20-25 cents KWH" + + + +Hot off the press [https://patriotbatterymetals.com/patriot-battery-metals-asx-listing-update-2/](https://patriotbatterymetals.com/patriot-battery-metals-asx-listing-update-2/) + +&#x200B; + +Ken,s presentation starts at 38:25 + +[https://www.bigmarker.com/read-corporate/RRS-Summer-Series-Session-One-785544fe055d3365304d6ad1?bmid=2cd7fb1fa42c&source\_from=invitation](https://www.bigmarker.com/read-corporate/RRS-Summer-Series-Session-One-785544fe055d3365304d6ad1?bmid=2cd7fb1fa42c&source_from=invitation) +Edit : Thank you everyone for responding. I’ve learned a lot. First, increase our income. I have a personal trainer certificate I’m not utilizing and i can see how that will help post baby for sure in so many ways. Create an emergency fund by living frugal and saving. Follow a budget and track all expenses and pennies. Find ways to cut expenses for food and baby needs by utilizing community resources like food pantries, freecycle, and WIC. Go to the library to educate myself of getting out of debt and home buying. Go from there. It might seem like “common sense” to some of you but these are things I was never taught and hope to teach my children. Thanks again. + +—— + +This is my first post after lurking a long time. I’m 27 and my boyfriend is 29, just started new jobs for November. He makes 10 an hour and I make 13 an hour now, both full time hours and possible overtime. + +We both come from families that have generational poor financial habits. Most likely not ever going to be left anything, it feels like we are starting our own family habits and financial security blanket from scratch.. if that makes sense. I’m pregnant, due in December. We want to learn how to start good habits for our expanding family. Details below... + +We have 1 vehicle we share and it’s paid off. + +We pay monthly +$840 in Rent including utilities +$200 food +$150 gas +$145 auto Insurance (SR-22) +$400 child support (we both have children from past relationships and pay $200 each) +$75 cell phone + +We have about $100 cash on hand currently. No savings. + +Our credit scores are around 520, debt for both of us equals about 10k each (20k) (student loans, collection accounts, medical bills) neither of us actually has a credit card. + +These past 7 months have been extremely tough because we were working off 1 minimum wage income. I️ got laid off the day after I️ found out my eggo was prego. Going forward we want to make better choices and gain control over our finances... based off this information what advice would you have? + +(I’m getting my tubes tied after this baby also so no more children lol) + + + +As a guy whose working on his journey to become FIRED, I often think about an ideal day for me when I have time and money to do whatever I want (after I drop off my daughter at school) and it motivates me to keep on going when the going gets tough. + +So I was curious what other people did here or dream about that they now do? :) + +An ideal day for me would be: + +1. Wake up pray 🙏 and get daughter ready +2. After she’s gone, look for trade setups +3. Play games and hack them (it’s a lot of fun!) +4. Go go karting or bowling 🎳 (once a week for both) :) or super car experience day. +4b. Visit a train heritage center :) I LOVE trains 🚂 +5. Hit the gym and sauna 🧖‍♂️ +6. Check trades throughout the day +7. Have a nap 😴 (why not 😂) +8. Pick up daughter and resume being a dad +9. Make dinner and play with her. +10. Spend time with wife +11. Pray and sleep 🛌 + +Edit: thanks everyone for the comments. Keep them Coming :) it’s inspiring to read them all. +https://www.reddit.com/r/wallstreetbets/comments/352dm8/amd_is_opening_the_nasdaq_the_huge_financial/ + +So how many of you Chads are out there yachting with me? + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +Just kidding I sold everything at 3 bucks. LOL +Hi everyone, + +For those interested in it: + +&#x200B; + +[source: Quakes99 on twitter](https://preview.redd.it/m2lafbxai0491.png?width=785&format=png&auto=webp&s=eb4a0a049d595df433742f3a96ba43ff19248bca) + +A couple weeks ago IAEA stated that the US utilities only had 16 months worth of fuel (uranium, UF6, enriched uranium, fuel rods) operational stockpiles on average on site and at convertor/enricher under their own account. That's dangerously low. They will have to contract for huge amounts of future uranium supply in coming months and in 2023/2024. + +The EU utilities on average only 24 months worth of operational stockpiles. + +Knowing that the fuel cycle of mining to new fuel rods takes 18 to 24 months, so an operational stockpile of only 16 months worth of operational stockpiles is critically low. + +Today the uranium spotprice is around 50 USD/lb. + +I will not be surprised to see the uranium spotprice reach 80 USD/lb in the coming months, due to loss of underfeeding (confirmed by Cameco a month ago) and possible overfeeding combined with the restart of Converdyn Metropolis convertor early 2023. + +And in the longer term (2023/2024) it's simple math. If not, a lot of nuclear reactors will fall short of uranium supply in 2024/2028. Because it takes years to get an uranium project in production. For instance, Arrow of Nexgen Energy needs at least 4 years from the construction start to get it producing the first uranium. + +Note: + +Even utility engineers are now openly saying that they expect much higher uranium prices in the coming months/2023 (One was talking about possibly 100 USD/lb). They expect US utilities to contract huge quantities of new future uranium supply starting a few months from now. Future will tell. +I want just to vent a bit my experience in these 2 days. +I bought eth a pair of month ago as a long term investment, so the dip of yesterday didn't scare me at all, but at the same time a felt really sad. Why? Because I could have increase my ETH stack of 40% in few hours (Ye now I realise that's easy when you see at the past). +So i put all my eth on exchange and, with no logic at all, I saied I will wait the first sign of resistence and sell it to buy back in lower (that happened at around 130€ after the 110€ dip). + +The worse part isn't that the price didn't go lower, but that I could jump back in at minor losses, from 2-3% to 8% without much effort in the first 12 hours. But i didn't want to, because I felt stupid to trade at loss, so after a stressful day of costantly watching the charts I put my order at the price of my sell and went to sleep. + +This morning I wake up and the price was up to 20%. I didn't want to pass another stressfull day and regret it in case it would grow even more, so i buy it back and lost 20% of my stack in less than 1 day. + +If I listened to all those PSA in this sub about not trading if it's not your job, I would have more eth and avoid 2 shitty days. + +Despite all of this there is a part of me that would like to keep trading untill I recover the loss but I can already imagine what the result would be... + + +# [https://www.worldoil.com/news/2020/3/31/oil-selling-below-10bbl-at-key-american-hubs](https://www.worldoil.com/news/2020/3/31/oil-selling-below-10bbl-at-key-american-hubs) + +# Oil selling below $10/bbl at key American hubs + +By **SHEELA TOBBEN** on **3/31/2020** + +NEW YORK (Bloomberg) --Oil is selling for less than $10 across key North American hubs as the global demand shock from coronavirus leaves crude with nowhere to go. + +The coronavirus pandemic has hit demand so hard that as benchmark futures plunge to lowest in 18 years, oil is backing up throughout the distribution system, raising the prospect that producers will need to shut in wells. Some of the hardest-hit areas have been those thousands of miles from export terminals, which would provide the possibility of escape, either to foreign markets or onto tankers as floating storage. + +Refiners across the U.S., including PBF Energy Inc., Valero Energy Corp. and Phillips 66, are slowing fuel production as restrictions on travel and work has reduced gasoline and jet fuel demand to a trickle. North Atlantic Refining Ltd will be idling its 130,000-barrel-a-day refinery in Newfoundland, Canada, for two to five months due to the outbreak. + +The market is groaning under the weight of this oversupply so much so that U.S. midstream operators such as Plains All American Pipelines have asked their suppliers to reduce oil production because storage capacity is reaching its limits. + +Bakken crude in Guernsey, Wyoming, sank to a record-low $3.18 a barrel Monday, according to data compiled by Bloomberg, while Western Canadian Select in Hardisty, Alberta, was worth just $4.18. Even oil in West Texas is as cheap as it’s ever been. West Texas Intermediate in Midland was $10.68, just above its all-time low from 1998. And it’s lower-quality counterpart, West Texas Sour, slid to a record $7.18, the lowest in data going back to 1988. + +West Texas Intermediate Light, also known as WTL, traded at around $7.50 a barrel below the WTI Midland benchmark on Monday, traders said, the equivalent of about $3 a barrel outright. Including transportation costs from the wellhead, that would mean the very light crude is worth near-zero, if not negative, when it comes out of the ground. + +Even oil that makes it to a dock isn’t immune from the price plunge, as refineries around the world slow down. U.S. oil for export from Corpus Christi -- the end point of several new Permian pipelines and a major exporting hub -- traded at $15 a barrel below July Brent, according to traders. +I’ve learnt the hard way. + +Today I have been overlooking my finances and I remember that I had invested in axs few months ago. Wow.... axs few months ago was about 3$... it’s now worth $117! + +Checks crypto wallet and discover I withdrew my investment ($150) to cover a date with a girl (now ex) for some drinks and some dinner. It’s now worth $5850 today. + +Not only did i miss some serious gains but i got cheated as well. + +Remember it’s not worth withdrawing for short term goals. Long term is the game. + +TL;DR: Took money out of crypto investment to put for date. Investment increased by 5900% 😢 +Hi all! /u/unloud here... coming to you with the latest FUD/misinformation weather update. + +With Ryan Cohen's latest buy in, it seems comments and posts across the Internet by malicious actors have shifted from "Ryan Cohen doesn't care about GME anymore" to "People are taking profits!" + +It's been a while, but many of you may not know from last year: Shills will try to give the impression that APEs are selling in order to weaken the resolve of other apes, and then further roll their obligations to pay their shorts into derivatives. + +Please be aware of the narrative shift, even when it seems positive. How many of you started this wanting to sell at $150? None? Then, likely, few are selling.... + +If enough people believe the narrative and choose to sell "just a couple of shares" before HFs have to cover on margin... then the spreads will narrow and the price will not continue to climb past their margin limits. + +I've been holding since Jan2021. **I'm up at least 300% since last June, and haven't sold a share**. I've bought from prices starting near $250 and ranging from $40-250. I'm not selling, because I believe in more than a penny from these duplicitous bastards....and I love this company, and (most of) my co-owners. + +Many of us said last year that we would be on guard for this type of narrative shift once price action started moving. I'm heading that call, and I'm asking you to also. I don't trust this narrative shift, and I think all should view it with skeptical eyes... + +Thanks for reading. +Does anybody in here solely rely on theta gang strategies to grow their portfolio without owning any underlying stocks? Assuming owning one stock with the sole purpose of wheeling would count as theta strategy. +I’m just curious if that’s feasible or not and the tax implications since all gains would be taxed as short term capital gains. +Since the Fed will be buying individual corporate bonds, certain companies that are at potential risk of default in the future should be safe (e.g., AAL). This should present an opportunity to short far dated, low-strike-price puts safely to capture the proceeds from the sale. + +From what I gather, the Fed has published a list of the companies that are in their program. I believe there is a list of company names vs. a criteria. Having the list of names to check against is more reassuring when executing on this strategy. + +Does anyone have the link to this list? Thanks in advance. +Anyone fuming with themselves for not managing their positions? + +I had about $13k uninvested last month (pre-dip), and sold crsr and pltr puts expiring in march and April. + +Collateral held was $12.5k. + +Was left with just over $1.5k to buy the dip yesterday because the $12.5k was stuck as collateral. + +Lesson learned but still fuming w myself. +~~This is just a text post, so I don't suspect it'll get much traction,~~ BUT for all those who do see this, **be encouraged!!** + +Every week (aka every pay period), diamond handed apes 🙌💎 are buying more of this beautiful stock. + +Regardless of how many paper hands buy, shills sow FUD, hedgey tactics come this way, or how often we see the price go down on the way up, there are more and more holders who **will** hold. What's more, the forever puddle grows. + +It's like that superhero who gets stronger the longer the fight goes on (anyone know which one that is? I think the Hulk comes close to that concept). + +It's like Eithen Aurelius in Cradle grinding away with the Heaven and Earth Purification Wheel, building his madra pool to unfathomable depths. + +It's like getting a few extra precious seconds to beat up the Sandbag with Yoshi to KO it to the moon (something that we never got, but always wanted). + +It's like holding onto that OG Charizard card for another year, knowing one day it'll be worth even more fortunes (I saw your post, friend). + +It's like GME stonk holders hanging on forever, because that's what the Buffet dude talked about and we learned a thing or two about the market. + +I could go on... + +I know you smooth brains will hodl. I know there's enough of you out there with balls of steel. Even if we watch the price fall off on the way up, I **know** there are enough silver backs and nerves of diamond apes who are going to hold onto that rocket with their heafty scrotes made of weird space metal that's harder than the moon itself. + +Don't know when we're going up. But we will. + +Hodl tight. Hodl right. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: It got some traction +Just received an email. + +The good news - they’ll leave the interest rate unchanged despite RBA decision. + +The bad - they’ll be suspending the ability to open new Stash accounts for “a couple of months” +What will happen to my Coles credit card which is issued by Citibank? Hopefully the new buyer retains the card and its benefits. + +[https://www.theadviser.com.au/breaking-news/41479-citi-to-close-australian-consumer-business](https://www.theadviser.com.au/breaking-news/41479-citi-to-close-australian-consumer-business) + +Official announcement: [https://www.citigroup.com/australia/news/2021/210415a.htm](https://www.citigroup.com/australia/news/2021/210415a.htm) +I was at the DMV. Had to pay $218. I only had my Visa and they charged me $1+2.99%. I decided to pay the fee but I doubt anyone is going to use Visa if this keeps up. - Sorry for the altcoin pump :-/ +Tldr: my accountants never shut down my limited company which I only worked at for a few months, now I owe hundreds in taxes. Every time I call the accountants they lie to me, ensuring everything is being sorted, now HMRC is threatening Bailiffs. + + +I worked for an Amazon delivery company during the busy Christmas period, so I think about Oct 2018 to February 2019. Before we started working we had to register as a limited company, they provided us with an accountant who set this all up for us. + +I left in February thinking it would be a simple case of I pay the accountant any final fees and a closing fee etc then pay any tax which would be owed (which they assured me would be nothing because I'd earned so little). +I was already upset on the phone because they openly admitted that they hadn't actually done any work for me, yet I owed them a few hundred pounds (for filing my papers?) and a significant sum for them to close my accounts and dissolve my "company". Anyways I begrudgingly paid everything because I just wanted it all finished with. + +Fast forward 5 months and I receive a letter from HMRC saying they've not received any information from me and that I owe a few hundred in tax; an estimate figure they automatically calculated because they have nothing else to go on. + +I call the accountant and they've done nothing whatsoever, I paid them for everything in February and they assured me that everything would be taken care of and that I'd get it all in writing. They offer no explanation as to why they did absolutely nothing but they say they'll start closing everything, they assure me they'll send me some emails with everything in writing and unsurprisingly I get nothing. + +The same thing happens again about a month later, I call them and talk to the director and she says it's all been submitted but they're just so busy at HMRC and behind in work. I call HMRC and of course they tell me that they have no records of anything being submitted. + +Talking to the accountant again and things seem to be moving a little and they send me something to sign which says I owe £5 in tax, which is fine, and they'll finalise closing my accounts. + +Well, I've just received another letter stating I still owe a few hundred in tax, and there won't be anymore reminders for this, instead they'll just send DEBT COLLECTORS. + +I'm absolutely terrified and have no idea what to do, I'm completely at a loss. I would just pay the few hundred in tax but I don't have any money as I haven't worked for a few months. Also I just think why should I have to when I don't actually owe it, and I've already paid and put my trust in an accountant that just won't do there job, they just bare face lie to me when I speak to them. It's so frustrating and this is not something I can do on my own. I'm so out of my debt. + +If I pay the tax off I'll still be registered as a limited company and this is the last thing I want, it's not even the tax that's bothering me that much, it's the fact that I have this company which I had no idea of what I was getting into and that I don't know how to get it shutdown. + +Does anyone have any advice for me? I've thought about asking the accountants for my money back and hiring someone else to do it, but I know there's no way this will happen. Is there anyway I can get this money back if they've not actually done anything? It's a legitimate company, but I have never in my life dealt with such arrogant and incompetent people, all I wanted was a temporary job to see me through Christmas. I just don't know what to do anymore. +https://www.cnbc.com/2020/03/11/futures-are-steady-wednesday-night-after-dow-closes-in-bear-market-traders-await-trump.html + +The Dow Jones Industrial Average closed 2,352.60 points lower, or 10%, at 21,200.62. The index had its worst drop since the 1987 Black Monday market crash, when it collapsed by more than 22%.The S&P 500 plummeted 9.5% to 2,480.64, joining the Dow in a bear market. The S&P 500 also hat its worst day since 1987. The Nasdaq Composite closed 9.4% lower at 7,201.80. + +“The coronavirus is scary and people don’t know what to expect,” said Kathy Entwistle, senior vice president of wealth management at UBS. “It’s like the tsunami is coming. We know it’s going to hit any day and nobody knows what the outcome is going to be.” +Media sentiment has changed across MSM. That's the oldest trick in the book. We knew they were planning to switch up their articles to maintain trust amongst the public once their owners wave the white flag. Citadel was seen packing their bags. A little birdie says they failed to roll over the futures contracts stuffed with FTDs. Bury is all over Twitter with tits more jacked than u/Rick_of_Spades when he boofs a banana. The ripple effects of the Evergrande implosion are yet to be seen. All the guys in Congress already sold their stock off at the top. What the fuck do you think happens next. This is it. + +Remember. Before you even consider cashing out your millions, remember everything we've seen. Straight up theft conspired by the world's wealthiest against the world's poorest. You deserve to squeeze this for every dollar you can. Be greedy, never settle. + +Edit: +The birdie was grandma 🧓. I let her out the cage. +Sorry guys, no fan favourite RioCan on this list but these 3 look like substantially better options than REI to consider: + +**Choice Properties REIT (CHP.UN)** + +Price: $12.27 +Yield: 6 per cent +When the pandemic hit, grocery stores were one of the few bright spots. Sales of everything from toilet paper to canned goods surged as consumers avoided restaurants and hunkered down at home. Fortunately for Choice Properties REIT, it derives about 56 per cent of its gross rental revenue from Loblaw Cos. Ltd. chains, including Loblaws, No Frills, Real Canadian Superstore and Shoppers Drug Mart. + +Bolstered by its highly stable Loblaw tenants, Choice collected 94 per of July rent across its real estate portfolio – which also includes office, industrial and residential properties – and occupancy at the end of the second quarter was a healthy 96.8 per cent. + +“The Loblaw leases provide stability to the REIT’s portfolio, with a weighted-average lease term of 7.8 years, one of the highest in the sector,” analyst Dean Wilkinson of CIBC World Markets said in a July note. Although the REIT’s payout ratio – estimated at about 93 per cent of adjusted funds from operations (AFFO) for 2020 – is higher than in previous years, Choice’s strong liquidity and long lease terms support the current distribution, Mr. Wilkinson said. Longer-term, Choice’s $1.1-billion development pipeline, which includes retail, residential, industrial and mixed-use projects, will create additional value, he said. + +**Crombie REIT (CRR.UN)** + +Price: $13.05 +Yield: 6.8 per cent +Crombie REIT benefits from its relationship with supermarket operator Empire Co. Ltd., which owns about 42 per cent of the REIT and whose Sobeys, Safeway, FreshCo and other banners account for about 54 per cent of the REIT’s annual rent. Providing additional stability, the Empire leases have an average of 13 years remaining, BMO’s Ms. Ma said. + +According to Crombie’s latest investor presentation dated Aug. 31, 97 per cent of the REIT’s tenants over all – which also include banks, pharmacies, dollar stores and government offices – are open, and total rent collection in July was 93 per cent. “Against a backdrop of fundamental pressures in retail and economic turbulence, we expect [Crombie’s] portfolio to remain comparatively resilient, supported by its significant weighting in essential needs tenants,” Pammi Bir, an analyst at RBC Dominion Securities, said in a note. + +Crombie does have an elevated payout ratio, which analysts forecast will climb to more than 100 per cent of AFFO in 2020. However, analysts say the distribution is sustainable, as the payout ratio is expected to fall to less than 100 per cent in 2021 and subsequent years, helped by retail and residential development projects now under construction. + +**CT REIT (CRT.UN)** + +Price: $13.72 +Yield: 5.9 per cent +Even as coronavirus-related lockdowns prompted several Canadian REITs to slash their payouts, CT REIT signalled its confidence by raising its distribution. The 2-per-cent increase announced in August won’t make anyone rich, but it does underline the resilient nature of CT REIT’s properties. Nearly 92 per cent of CT REIT’s rent comes from Canadian Tire Corp. Ltd. stores, including affiliated banners such as Mark’s, Sport Chek and Pro Hockey Life. These stores have an average remaining lease term of more than nine years. In another sign of strength, CT REIT collected 98.5 per cent of July rent and its occupancy rate at the end of the second quarter was 99.3 per cent. + +“Owing to its strategic relationship with Canadian Tire … CRT’s financial performance was virtually unscathed” during the second quarter, Desjardins Securities analyst Michael Markidis said in a note. CT REIT typically announces distribution increases in the fall with third-quarter results, and the surprise August hike “should leave the door open for another increase in [the second half], provided the operating environment does not meaningfully deteriorate,” Mr. Markidis said. + +https://www.theglobeandmail.com/investing/education/article-choice-crombie-and-ct-are-high-yielding-reits-built-to-withstand-a/ +Guten Morgen to this global band of Apes! 👋🦍 + +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! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$25.12 / 25,85 €** *(volume: 6742)* +- 🟩 115 minutes in: $25.12 / 25,85 € *(volume: 6740)* +- 🟥 110 minutes in: $25.07 / 25,80 € *(volume: 6730)* +- 🟥 105 minutes in: $25.20 / 25,93 € *(volume: 4910)* +- 🟩 100 minutes in: $25.40 / 26,14 € *(volume: 3594)* +- 🟥 95 minutes in: $25.21 / 25,94 € *(volume: 3474)* +- 🟥 90 minutes in: $25.21 / 25,95 € *(volume: 3464)* +- 🟥 85 minutes in: $25.28 / 26,01 € *(volume: 3464)* +- 🟥 80 minutes in: $25.38 / 26,12 € *(volume: 1423)* +- 🟩 75 minutes in: $25.40 / 26,14 € *(volume: 1423)* +- 🟩 70 minutes in: $25.05 / 25,78 € *(volume: 1401)* +- 🟩 65 minutes in: $24.95 / 25,68 € *(volume: 1383)* +- 🟩 60 minutes in: $24.92 / 25,64 € *(volume: 1381)* +- 🟩 55 minutes in: $24.91 / 25,64 € *(volume: 1370)* +- 🟥 50 minutes in: $24.91 / 25,64 € *(volume: 1370)* +- 🟩 45 minutes in: $24.91 / 25,64 € *(volume: 1370)* +- 🟥 40 minutes in: $24.90 / 25,63 € *(volume: 1361)* +- 🟥 35 minutes in: $24.91 / 25,63 € *(volume: 1307)* +- 🟩 30 minutes in: $24.91 / 25,63 € *(volume: 1294)* +- 🟩 25 minutes in: $24.91 / 25,63 € *(volume: 1294)* +- 🟥 20 minutes in: $24.90 / 25,63 € *(volume: 1289)* +- 🟩 15 minutes in: $24.91 / 25,63 € *(volume: 1286)* +- 🟥 10 minutes in: $24.89 / 25,61 € *(volume: 1286)* +- 🟩 5 minutes in: $24.90 / 25,62 € *(volume: 1072)* +- 🟩 0 minutes in: $24.85 / 25,57 € *(volume: 946)* +- 🟥 US close price: $24.63 / 25,35 € *($24.88 / 25,60 € 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) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Unfortunately, it is not that easy as a Europoor and it takes a little more effort to transfer the shares to CS than a 3-minute phone call with Fidelity. Many of us are currently opening a CS account via the IBKR. + +Personally, I have now received confirmation from IBKR (it took 5 days) that this will work, but I have not yet received any account details from CS. It will certainly be another 2-3 weeks minimum before my GME shares are actually at CS, but expect our contribution from the other side of the Atlantic. + +It's your job that long, Americans. No financial advice. +Hi, + +for those people who are having a hard time using decentralized exchanges, let me introduce [EasyTrade.io](https://easytrade.io). It basically works like Shapeshift but in a decentralized way. + +&nbsp; + +You only have to set the amount of tokens that you want to buy or sell and submit the request to EasyTrade smart contract. + +&nbsp; + +* No need to deposit or withdraw tokens. +* No need to deposit or withdraw ethers. +* No need to wrap ethers. +* No need to buy other tokens to pay fees. + +&nbsp; + +Here are some further notes to understand how it works: + +&nbsp; + +**1)** EasyTrade is a tool that provides you with the best combinations of offline orders for the amount of tokens that you want to buy or sell. + +**2)** EasyTrade collects those offline orders from decentralized exchanges such as EtherDelta, Radar Relay, etc. + +**3)** EasyTrade never holds your funds, not even the smart contract does. + +**4)** You execute does orders by calling EasyTrade smart contract which then calls the exchange's smart contracts. + +**5)** The rate limits you accept to exchange are enforced by the smart contract. + +&nbsp; + +For those who want to learn more check our [FAQ](https://easytrade.io/faq) and our [SMART CONTRACT](https://easytrade.io/contract) + +&nbsp; + +If you have more questions, want to chat about this project or join our team, do not hesitate to contact us. + +&nbsp; + +Have a nice day! + +Guten Morgen to this global band of Apes! 👋🦍 + +Monday kicked off the week with another exciting day to be a GME shareholder! The rapid upward trend of the morning eventually triggered the SHF's short algorithm, kicking into high gear just under an hour after the peak. While not definitive proof, it makes me wonder if they needed to quickly get the price back under their margin call thresholds, which would put it around $211 or so. The crypto dump leading into today's trading further backs this up - are they running low on short ammo and need to increase their cash on hand? + +Whatever it is, Apes continue to DRS their existing shares, buy more shares, and many are now long-term HODLers of GME. While certain other CEOs are dumping shares as fast as they can find bagholders to buy them, Ryan Cohen continues to lead with diamantenhände on the biggest purple ring of all. Apes, we all know that GameStop is revolutionizing retail, and many of us expect to hear more about exactly *how* in the coming weeks. That alone excites me enough to HODL, regardless of the impending MOASS. While they might not coincide, I'm very much looking forward to both. + +Today is Tuesday, November 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$209.00 / 182,62 €** *(volume: 494)* +- ⬜ 115 minutes in: $208.95 / 182,59 € *(volume: 473)* +- 🟩 110 minutes in: $208.95 / 182,59 € *(volume: 472)* +- 🟩 105 minutes in: $208.92 / 182,56 € *(volume: 448)* +- 🟥 100 minutes in: $208.85 / 182,50 € *(volume: 439)* +- 🟥 95 minutes in: $209.07 / 182,69 € *(volume: 414)* +- 🟥 90 minutes in: $209.08 / 182,70 € *(volume: 414)* +- 🟥 85 minutes in: $209.10 / 182,71 € *(volume: 381)* +- 🟩 80 minutes in: $209.33 / 182,91 € *(volume: 366)* +- 🟥 75 minutes in: $209.30 / 182,89 € *(volume: 350)* +- 🟥 70 minutes in: $209.38 / 182,96 € *(volume: 340)* +- 🟥 65 minutes in: $209.41 / 182,99 € *(volume: 323)* +- 🟥 60 minutes in: $209.74 / 183,27 € *(volume: 208)* +- 🟩 55 minutes in: $209.80 / 183,32 € *(volume: 123)* +- ⬜ 50 minutes in: $209.74 / 183,27 € *(volume: 97)* +- ⬜ 45 minutes in: $209.74 / 183,27 € *(volume: 96)* +- ⬜ 40 minutes in: $209.74 / 183,27 € *(volume: 94)* +- ⬜ 35 minutes in: $209.74 / 183,27 € *(volume: 59)* +- 🟥 30 minutes in: $209.74 / 183,27 € *(volume: 58)* +- 🟩 25 minutes in: $209.80 / 183,32 € *(volume: 55)* +- 🟩 20 minutes in: $209.74 / 183,27 € *(volume: 48)* +- 🟩 15 minutes in: $209.71 / 183,25 € *(volume: 47)* +- ⬜ 10 minutes in: $209.68 / 183,22 € *(volume: 37)* +- 🟩 5 minutes in: $209.68 / 183,22 € *(volume: 34)* +- 🟩 0 minutes in: $209.63 / 183,18 € *(volume: 34)* +- 🟩 US close price: $209.14 / 182,75 € *($208.72 / 182,38 € 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 1.1444. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I (US citizen) got married to my wife (Turkish) in Turkey and received a good amount of gold coins and other gold based gifts (necklaces and such), as is the custom. Not exactly sure what the proper name for them is but my wife roughly estimated the total value to be about 10k. What should our next step be? We're planning on returning to live in the states but not sure of what to do with the gold. How does one get an accurate value on gold? How do we bring it back effectively? How do we take this and grow it? Lots of questions, but any advice would welcome. Starter here, please be gentle. Thank you! +Oil is consumed when you use it and it disappears forever. ETH isn't consumed, it's paid to miners (or soon stakers) for performing a service. They can then use or sell the ETH however they want. + +If the exhaust pipes of cars pumped the gas back into the ground so it can be mined again then ETH would be comparable to digital oil. + +This meme of ETH being digital oil is stupid and seems to only exist to ease the egos of Bitcoin maximalists. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I’ve been following this page for a couple weeks now and allready have a very small amount of bitcoin myself but don’t feel like i really know enough about how it works. + +Online you can really only find 2 opinions on bitcoin. People either absolutly love it or they totally hate it so i thought it would be interesting to hear what the bitcoin enthousiast think the dangers of Bitcoin are. + +So what do you guys think that could actually kill bitcoin? +I’m about 6 months out from pulling the plug and will give about 2 months notice. I’m mid-40’s and trying to think of the terminology I want to use for my next phase. I don’t want to call it retirement, because I might eventually do some consulting or part time work if I’m interested. Also, I think it will imply more financially than I want people to assume. What are some other creative ways to describe my upcoming hiatus from the hamster wheel? + +Edited to add- I lead a large team so I’m more concerned with how I frame it to them versus my boss/senior leadership. I don’t want it to sound pretentious or give them cause for concern (people will read the strangest things into big announcements). +Guten Morgen to this global band of Apes! 👋🦍 + +Just a quick reminder that since Germany starts DST a few weeks after the US, this week I'll be updating for only one hour starting an hour later than the usual start time. We'll be back to the normal schedule next week. + +Apes, there are many signals that are starting to make my MOASS-sensor tingle. Something about the confluence of rising share borrow rates, rising RRP utilization, rising volume, and rising DRS FUD makes me feel like we're in for an exceptional event in the near future. Could I be wrong? Absolutely! Am I excited nevertheless! YES! + +First, on the topic of RRP: we've seen in the past that this number tends to spike at the end of each quarter as large institutions move cash around so their end-of-quarter reports don't have to show positions that they'd rather not have exposed. This often shows up as a spike in the last week, but particularly the last few days. Over the past few weeks, we saw RRP utilization dip down toward $1.5T, but it's already moving back toward its all-time high. That it is already spiking tells me that there is a lot of unwinding to come, and we may see new records starting this week. Does RRP have anything to do with GME or the MOASS? Possibly not, but there is no denying that it shows the insane levels of cash that have been injected into the markets, and much of that cash will end up in our accounts when we sell a share or two. + +Second, the borrow rate: while I am convinced that the SHFs don't *need* to borrow shares in order to take additional short positions against GME and drive the price down, I do feel that it is nevertheless an indicator that can't be ignored - the fact that the rate is going up tells me that there is *demand* at the higher borrow rate, and there are still people out there who think it is wise to short GME. + +Finally, the levels of effort going into convincing Apes that they shouldn't worry about DRSing their shares is the most tit-jacking thing I've seen. Trying to correlate 'Subreddit engagement' with DRSed shares is ridiculous. There are dozens of extremely plausible reasons why engagement would be dipping, but I can assure you that it is not because Diamantenhänded Apes who went to the effort of getting shares in their own name are losing interest. This has been a long road, and many Apes simply don't have the time / energy to participate at the level that they once did. That does *not* mean that they have lost their ability to HODL with Diamantenhände. It may not be easy for all Apes, but for me, the decision to HODL every share I own is the easiest part of my day. I dedicate huge portions of my day to this community, but I have not once logged into ComputerShare to consider how committed I am to HODLing those shares. + +There is no question. DRSing your shares is peak Diamantenhände. + +Today is Tuesday, March 22nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 60 minutes in: **$95.52 / 86,54 €** *(volume: 1643)* +- 🟥 55 minutes in: $95.54 / 86,56 € *(volume: 1271)* +- 🟩 50 minutes in: $95.56 / 86,57 € *(volume: 1268)* +- 🟩 45 minutes in: $95.54 / 86,56 € *(volume: 1265)* +- 🟥 40 minutes in: $95.50 / 86,52 € *(volume: 1239)* +- 🟩 35 minutes in: $95.52 / 86,53 € *(volume: 1223)* +- 🟥 30 minutes in: $95.51 / 86,53 € *(volume: 1222)* +- 🟩 25 minutes in: $95.53 / 86,55 € *(volume: 1219)* +- 🟩 20 minutes in: $95.47 / 86,50 € *(volume: 1155)* +- 🟩 15 minutes in: $95.35 / 86,38 € *(volume: 802)* +- 🟩 10 minutes in: $95.34 / 86,38 € *(volume: 631)* +- 🟩 5 minutes in: $95.31 / 86,34 € *(volume: 558)* +- 🟩 0 minutes in: $94.62 / 85,72 € *(volume: 157)* +- 🟩 US close price: $94.20 / 85,34 € *($94.45 / 85,57 € 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 1.1038. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +https://www.theaustralian.com.au/business/property/us-buildtorenter-greystar-swoops-on-south-melbourne-site/news-story/ + + US build-to-rent specialist Greystar has swooped on a major site in Melbourne that can accommodate more than 700 units, with the acquisition signalling the sector will keep firing even as developers struggle to sell apartments. + +Build-to-rent is being promoted as a means of keeping the development industry ticking over while apartments are hit by the coronavirus crisis and also as a longer-term way of housing a generation of renters. + +Big institutions, including GIC, which is backing Grocon’s Home brand, and the Clean Energy Finance Corporation, which is backing Mirvac’s Australian Build-to-Rent Club, are moving to get a foothold. +In the latest play, Greystar has picked up a South Melbourne site from Singaporean developer Chip Eng Seng for $65m. + +The vendor had held it for four years and planned three towers comprising more than 700 residential units. + +But construction works have not yet commenced, and the property at 15-55 and 85 Gladstone Street was sold to Greystar with vacant possession. + +The Singaporean company said it would redeploy its capital to pursue opportunities that could generate better returns, taking into account the impact of the COVID-19 pandemic on real estate in Melbourne. + +Chip Eng Seng said it had been steadily increasing its portfolio in Australia, including the acquisition in 2018 of a Pirie Street property in Adelaide for redevelopment into a Hyatt Regency Hotel. + +Greystar earlier this year bought two office buildings in the inner Melbourne suburb of South Yarra for redevelopment into projects aimed at institutionalising rental housing supply. + +The firm sees the Australian rental housing market as notable for its lack of purpose-built, professionally managed products, as renter demand has primarily been met by private owners of build-to-sell units. + +Greystar and rival North American groups including private equity firm Blackstone, specialist Sentinel Real Estate Corporation and diversified Oxford Properties Group have moved into the nascent Australian market. + +Sentinel is involved with three projects in Perth and Oxford Properties has projects in Sydney and Melbourne, giving it a build-to-rent pipeline in Australia of about 1000 units. Blackstone is backing a project in the Melbourne suburb of Caulfield. +They are partly capitalising on the retreat in offshore buyer demand and financing challenges for apartment developers who are now under pressure to sell stock. + +Greystar plans to develop office space and more than 500 rental units at the South Yarra properties and is likely to follow suit in South Melbourne. +Chris Key, managing director for Greystar in Australia, has emphasised that the new entrants want to bring better service and amenity to renting as well as providing longer tenure. + +“Institutional rental housing can help to solve this issue and provide the housing security that people need. We are committed to the opportunity to establish a new institutional asset class in this country, by creating purpose-built, professionally managed rental housing and providing better housing outcomes overall,” he said. + +Local players are also betting on the sector. +Real estate fund manager Qualitas and high-profile developer Tim Gurner this month unveiled a partnership to enter the multi-family housing sector and launch of capital raising for a dedicated fund. +The vehicle has an initial pipeline of three seed projects with total value of over $1bn in prime inner Melbourne locations, with building kicking off early next year. + +An analysis of the sector by real estate firm JLL shows that at a city level, Melbourne has had the strongest growth of build to rent units, accounting for 68 per cent of the pipeline with Sydney is at 21 per cent. JLL expects 7,000 units to be completed by 2024. + +JLL director of alternative investments, David Hill said the availability of scalable sites in Melbourne contributed to the weight of the development pipeline but he also pointed to the influence of tax schemes. + +“Sydney remains highly competitive for sites. However, we expect the pipeline to build in response to the tax measures announced by the NSW government which will make BTR development and investment within the state more viable,” he said. +So with a 4-1 split, how does that affect options volume and profitability in the future? For example, let's say you are making 3-4 momentum moves a day on Apple in 5 contract lots. Would there now be 4 times the volume of options traded thereby increasing liquidity or would this actually make it more difficult because the price is less per contract or??? + +Theoretically you can time 5 lot moves now and make $50-500...but a 5 lot move with a quarter of the price is a lot more challenging to make as much cash...as where 20 contracts make this about the same. Hopefully this isn't confusing... +I feel like folks always mention cap rate, NOI, price, and how those help you figure out cash flow. + +But what are you doing to get an "accurate" guess before digging into the listing and asking for the offering memorandum from a broker? +I've heard it said that when times are good, low-income housing (LIH) does well as people are priced out of the market, and when times are bad, LIH does well as people scramble to downgrade. How much truth is there to this? Did LIH not depreciate much during the Great Recession? Under what circumstances does LIH perform poorly? + +I can think of one scenario, but it's farfetched: stagnant housing prices during high GDP growth. Then, everyone tries to upgrade. This almost never happens though. +What are your rules that you never break when selling options? And…do you really never break them? + +- rules about diversification +- rules about risk mitigation +- rules about expiration +- etc. +Tl;dr - great team, excellent memes, big marketing campaign planned, and rabid community. CZ knows them by name and mentioned them in a tweet, still hasn’t yet had CG or CMC listing. Now at 900k marketcap. What else could you want in a BSC memecoin? + +📱TG: [https://t.me/changpumpzhaogebsc](https://t.me/changpumpzhaogebsc) + +🌐Website: [https://changpumpzhaoge.com/](https://changpumpzhaoge.com/) + +**📊Contract address**: 0x06fdecc23b4fc791121ae008c55b70bc17d13783 + +💰**Current marketcap**: $900k + +The Changpump Zhaoge community aims to flip Dogelonmars by becoming the most active wild community on the binance smart chain. + +Launched by former DogeBonk core community members, who were essential in in taking it from being a $2k microcap to a $220m monster, the coin aims to create a a better way to onboard new BSC holders into the ecosystem through easily digestible how-to guides and eventually a web3 forum, allowing incentivised learning for new participants. + +The tax gives 1% to the liquidity pool and 7% goes to marketing, making this coin an absolute beast funding-wise. So far, ads have been run on many, many sites, including Poocoin, BSC SAFE Sniper, ads on biggestbuybot alerts, Apescentral alerts, and on 4chan /biz/ across the world. + +They’ve already had a Cameo from Hardrock Nick and are working with many callers in the BSC space. A billboard was put up several days ago in Hawthorne CA, next to the SpaceX factory, by a community member with access to billboards across the country, and the even had one on Broadway NYC! . An article from coingape even picked up on the story: +[https://dereferer.me/?https%3A//coingape.com/press-releases/up-and-coming-bsc-memecoin-aims-at-dogelonmars-with-spacex-billboard/%20](https://dereferer.me/?https%3A//coingape.com/press-releases/up-and-coming-bsc-memecoin-aims-at-dogelonmars-with-spacex-billboard/%20) + +Their community is rabid, one guy even got a Changpump Zhao tattoo! + +[https://twitter.com/ChangpumpZhaoge/status/1547855438208675843?s=20&t=dD7nvmpkPePj-woZ1G1lPw](https://twitter.com/ChangpumpZhaoge/status/1547855438208675843?s=20&t=dD7nvmpkPePj-woZ1G1lPw) + +Not only that, but they have ALREADY been followed (and then unfollowed) by CZ: [https://twitter.com/cz\_binance/status/1547990905835388928?s=20&t=dD7nvmpkPePj-woZ1G1lPw](https://twitter.com/cz_binance/status/1547990905835388928?s=20&t=dD7nvmpkPePj-woZ1G1lPw). + +Incredibly, they managed to reach 2.8m marketcap from 400k in a few hours after they got CZ to follow the official twitter account. CZ unfollowed and commented when he realised he had just caused a BSC memecoin to pump. I guess he doesn’t want to promote new coins, but either way, at this point it is incredible exposure and shows the level of skill these guys have in social media marketing. + +Not only that but they are working on the Chinese market, with banners on CNToken and Bidao and will soon be getting calls from Chinese channels. + +Their website is now complete and they are currently finishing off their white paper in preparation for CG and CMC listings. + +I was there during the DogeBonk run-up and the community has the same kind of feel. Great memes from the community and a pure belief in their ability to succeed. The team take memecoining seriously and have a track-record at creating a 100,000x beast from being a $2k pump and dump. This time, they have a marketing budget and a lot of experience under their belt, I think its a good buy. +Tl;dr - great team, excellent memes, big marketing campaign planned, and rabid community. CZ knows them by name and mentioned them in a tweet, still hasn’t yet had CG or CMC listing. Now at 900k marketcap. What else could you want in a BSC memecoin? + +📱TG: [https://t.me/changpumpzhaogebsc](https://t.me/changpumpzhaogebsc) + +🌐Website: [https://changpumpzhaoge.com/](https://changpumpzhaoge.com/) + +**📊Contract address**: 0x06fdecc23b4fc791121ae008c55b70bc17d13783 + +💰**Current marketcap**: $900k + +The Changpump Zhaoge community aims to flip Dogelonmars by becoming the most active wild community on the binance smart chain. + +Launched by former DogeBonk core community members, who were essential in in taking it from being a $2k microcap to a $220m monster, the coin aims to create a a better way to onboard new BSC holders into the ecosystem through easily digestible how-to guides and eventually a web3 forum, allowing incentivised learning for new participants. + +The tax gives 1% to the liquidity pool and 7% goes to marketing, making this coin an absolute beast funding-wise. So far, ads have been run on many, many sites, including Poocoin, BSC SAFE Sniper, ads on biggestbuybot alerts, Apescentral alerts, and on 4chan /biz/ across the world. + +They’ve already had a Cameo from Hardrock Nick and are working with many callers in the BSC space. A billboard was put up several days ago in Hawthorne CA, next to the SpaceX factory, by a community member with access to billboards across the country, and the even had one on Broadway NYC! . An article from coingape even picked up on the story: +[https://dereferer.me/?https%3A//coingape.com/press-releases/up-and-coming-bsc-memecoin-aims-at-dogelonmars-with-spacex-billboard/%20](https://dereferer.me/?https%3A//coingape.com/press-releases/up-and-coming-bsc-memecoin-aims-at-dogelonmars-with-spacex-billboard/%20) + +Their community is rabid, one guy even got a Changpump Zhao tattoo! + +[https://twitter.com/ChangpumpZhaoge/status/1547855438208675843?s=20&t=dD7nvmpkPePj-woZ1G1lPw](https://twitter.com/ChangpumpZhaoge/status/1547855438208675843?s=20&t=dD7nvmpkPePj-woZ1G1lPw) + +Not only that, but they have ALREADY been followed (and then unfollowed) by CZ: [https://twitter.com/cz\_binance/status/1547990905835388928?s=20&t=dD7nvmpkPePj-woZ1G1lPw](https://twitter.com/cz_binance/status/1547990905835388928?s=20&t=dD7nvmpkPePj-woZ1G1lPw). + +Incredibly, they managed to reach 2.8m marketcap from 400k in a few hours after they got CZ to follow the official twitter account. CZ unfollowed and commented when he realised he had just caused a BSC memecoin to pump. I guess he doesn’t want to promote new coins, but either way, at this point it is incredible exposure and shows the level of skill these guys have in social media marketing. + +Not only that but they are working on the Chinese market, with banners on CNToken and Bidao and will soon be getting calls from Chinese channels. + +Their website is now complete and they are currently finishing off their white paper in preparation for CG and CMC listings. + +I was there during the DogeBonk run-up and the community has the same kind of feel. Great memes from the community and a pure belief in their ability to succeed. The team take memecoining seriously and have a track-record at creating a 100,000x beast from being a $2k pump and dump. This time, they have a marketing budget and a lot of experience under their belt, I think its a good buy. +*For the record, I am not part of the team but I did invest early. I liked the unique tokenomics in this project and the community on Telegram is great! Current MC is $4.7m.* + +*I've 10x on this so far but it's just taken a massive dip (I am 10x even after the dip) so I can't think of a better time to call this as a potential moonshot.* + +**Here's how $WINDY / Windswap works (taken from their website** [**https://windswap.finance/**](https://windswap.finance/)**):** + +*"1. WindSwap Rotation* + +*A rotation happens every 2.5 million tokens transacted in volume. Initially we expect to be going through rotations rapidly, but over time this deflationary mechanism will slow down.  Each cycle burns 84K tokens.* + +*2. WindSwap Pressurize* + +*The levy is continuously changing in every cycle, and ranges from 2.5% to 6.5%, the levy rate increases and puts demand on the available supply, which puts upwards pressure on the $WINDY price.* + +*3. Rebasing* + +*The rebase stage returns 25% of the collected levies in the current rotation into the existing wallets. This marks the end of the rotation and the beginning of the next."* + +It's the constant burning and rebasing that should incentivise long term holding. The supply is currently at roughly 21m and should decrease to 8.8m once all the burn cycles are completed, meaning that anyone who trusts in a long term project will be rewarded if/when this takes off. + +Tonight they were featured on Up Next Crypto (189k YouTube subscribers): [https://www.youtube.com/watch?v=5FvZvRGs2pQ](https://www.youtube.com/watch?v=5FvZvRGs2pQ&t=322s) + +They also had a shoutout from AyyMG (333k Twitter followers): [https://twitter.com/AyyMG/status/1381313974579396611](https://twitter.com/AyyMG/status/1381313974579396611) + +Their hard-working marketing team have promised more promotion tomorrow. So far they have delivered on all their promises, which already sets them apart from the standard BSC fare. + +**Here's a few links if you'd like to check it out in more detail:** + +Poocoin charts: [https://poocoin.app/tokens/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://poocoin.app/tokens/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +BSCScan: [https://bscscan.com/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://bscscan.com/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +Telegram: [https://t.me/windswapmembers](https://t.me/windswapmembers) +A member from the Bitcoin Brazilian Community is climbing Everest and, if he succeeds, will put a Bitcoin flag on the Earth's highest mountain. The current news is that Allex Ferreira (the mentioned member of BR community) will arrive to the Everest Base Camp in about 4 days, where he should put the Bitcoin flag (at an altitude of ~5,000 meters). + +Here is one picture: +http://i.imgur.com/323Iadd.jpg + +If it succeeds, Bitcoin will be (really) nearest to the Moon. Go Allex! Go Bitcoin! + +# #ToTheEverest #ToTheMoon + +**[Update 1]** Some guys asked for his Twitter or Facebook account to give some tips, but I just have find his Flickr (yes, he is a photographer): https://www.flickr.com/people/allex-2501/ + +**[Update 2]** [CoinBR](https://www.coinbr.net/), a brazilian Bitcoin company, is the responsible for sponsoring the Allex travel to Everest Base Camp. We should give credits to CoinBR, otherwise this travel wouldn't be possible. Here's a picture of another flag: http://i.imgur.com/N75b65k.jpg + +As all of you have noticed, Everest Base Camp is not "almost on the top" of Everest, so I've changed the description to "put the flag on the Everest". Hope that's okay now. +&#x200B; + +[SOURCE: https:\/\/www.federalregister.gov\/documents\/2021\/06\/30\/2021-13912\/self-regulatory-organizations-the-depository-trust-company-notice-of-filing-of-and-immediate](https://preview.redd.it/j25iosw7cd871.png?width=1077&format=png&auto=webp&s=ef2453a99ac7b763fd7189d1033f6cd0d037b4a4) + +&#x200B; + +005 - the never ending story - but lets hope they actually enforce it and put an end to the corruptness and on going shenanigans. +Is this going to be the greatest heist of all time? Each 2M window to me is starting to look more and more like a well executed and well planned heist. Please correct me if I am wrong. + +Everyday unsuspecting people contribute fresh ETH to the window to buy EOS token but don't really understand that the team is being given new money each time someone sends them their ETH, excluding the ETH flowing in from arbitragers of course. Many people still do not understand the big difference in paying for the token on the exchanges vs ICO window. + +I set up a new company with an amazing plan and my resume to prove that I'm serious, then have people give me money continuously for the entire year while I work on the product. Oh the money I receive is not refundable by the way, it also doesn't have any financial or legal obligation. + +The scariest thing here is that say next year EOS has a market cap of 2B dollars.. and they managed to collect 2M ETH in total from the ICO... that would mean that the team managed to pocket 1B dollars directly as a payout, 50% of the total market cap if the ETH price hits $500 by next year. Nobody sees anyting wrong with this? + +Isn't this what this ICO is basically structured to do? + + +I'm trying to better understand the benefits and pitfalls of backdoor Roth IRAs. + +Consider the following assumptions: + +* You are beyond the income limit for contributing directly to a Roth IRA +* You do not have any deductible traditional IRA contributions (so no pro-rata issues) +* You have not contributed/rolled-into to any Roth IRAs this year +* You believe your future retirement tax-bracket will be higher than what it is now + +You then invest early in the year into a Non-Deductible Traditional IRA, with the intent to rollover into a Roth IRA. + +**IF** it's a lump-sum contribution **AND** you immediately rollover, my understanding is there are no fees/penalties/taxes (under above assumptions). + +**NOW** suppose instead you wait several months before converting, and your Traditional IRA sees a 30% gain. My understanding is when you convert, you need to pay tax on that 30% gain. + +Questions: + +1. Is my understanding correct? +2. Whats the best way to quantify the value of converting, **given** you need to pay a gains tax? +Hey there! + +Newbie here. I'm 27M and looking to invest using my TFSA. + +I am looking to maximize my TFSA using the following: + +* 60% in XEQT.to (for global + US exposure) + +* 40% in Canadian dividend-paying stocks (diversified across different sectors) with DRIP + +I would also employ a similar strategy to my RRSP, but with more US-dividend stocks instead of CAD-dividend stocks. + +The idea here is to buy/hold and never touch until retirement. + +Is this a good approach or not? Is there too much allocation in dividends? + +What else or changes would you suggest? +Might be an obvious "just sell it", but curious to get some feedback. + +I'll likely purchase a house in the next 12-18 months. Right now most of my money is tied up in equities. I can sell today at roughly a 2% loss overall, and make it up with a one year 4.5% GIC. + +Alternatively, I can try and wait out the next few weeks to see what happens, but timing the market is a dumb idea. + +I've recently changed careers and buying real estate is realistic for me, hence the change in timelines. + +Got a lot of red in my books, but right now I'm 30% up on AAPL which is nearly 1/3rd of it, making up for losses in others. + +Edit: Going to sell this in chunks over the next few months - but as of today I liquidated the 40% of my portfolio that was in the green to lock in profits. + +Second Edit: Sold even more after doing some modelling. Right now My portfolio is 70% Cash/ 30% equity - those equities are all in an ETF. + +All of my profit taking + realized losses equated to about a $85 net profit (As of September 13th). Unrealized losses - VGT is my final position, which I will sell in chunks over the next year. + +Final Edit - Funny Meme- [](https://i.redd.it/enxv62s3tmn91.png) +Day 10: $340 profit + +Total: $4854 profit + +Scanner used: finviz ( this video explains how I use it on a daily basis: [https://youtu.be/FMeJ-khESFQ](https://youtu.be/FMeJ-khESFQ) ) + +week 1 recap can be found here: [https://www.reddit.com/r/Daytrading/comments/hu5yyy/week\_1\_experimenting\_with\_a\_10k\_trading\_account/](https://www.reddit.com/r/Daytrading/comments/hu5yyy/week_1_experimenting_with_a_10k_trading_account/) + +Strategy parameters can be found here: [https://www.reddit.com/r/Daytrading/comments/hqgxst/day\_1\_experimenting\_with\_a\_sub\_10k\_day\_trading/](https://www.reddit.com/r/Daytrading/comments/hqgxst/day_1_experimenting_with_a_sub_10k_day_trading/) + +&#x200B; + +Traded 5 tickers: $ECOM $GNCA $MIST $NTZ $SOGO + +https://preview.redd.it/y9nciuawnuc51.png?width=510&format=png&auto=webp&s=611f92b190d5f9c652515289740530af277368f8 + +https://preview.redd.it/tu57buawnuc51.png?width=737&format=png&auto=webp&s=1facddca3fa3c1bcf78101d95d9f3a68b30958f1 + +https://preview.redd.it/kzj76uawnuc51.png?width=730&format=png&auto=webp&s=60ed8024082c1159136b9fb0844204d5142daa94 + +https://preview.redd.it/iqdsyvawnuc51.png?width=755&format=png&auto=webp&s=1bc87c6b9eb44ff183ad0dc60e2ba59afbaca4f3 + +https://preview.redd.it/ffodruawnuc51.png?width=737&format=png&auto=webp&s=117ed765384601ee24530c39742c1145cbd57529 + +https://preview.redd.it/k4a4ytawnuc51.png?width=700&format=png&auto=webp&s=4abbd18dcf43a3d9962ec9bfc9d9e31df5fcafa4 +**I Don't give a fuck if people think this is fud or something, downvote if you must but please fucking explain yourself** + +Warning: contains many swear words but this just has to be said. +_____________ + + +None, absolutely NOBODY cares about you and what do they all want?: **MONEY** + +**They try every trick in their fucking book to keep you as a customer and as a product for short sellers** + +**YOU are the only one who cares about a Short Squeeze, you want one?** + +Go Ahead and DRS Your shit if you haven't already, **YOU ARE SUPPOSED TO OWN THE COMPANY YOU BELIEVE IN; NOT THEM YOU'R MONEY** + +_______________ + +You want a big pile of fucking cash and a big thank you as a reward?, + +**Get off your fucking ass and do something already, nobody has earned shit before out nothing, unless you were born rich your chance to become a millionaire alone is already slim as fuck** + +Using shady shit like instant deposits/withdraws, beneficiary ownership, internalizing CFD trading which breaks laws, aswell as lending out "your shares",while just printing you a fucking PDF and stating that you "own" something, **Creating Fake Voting poles to keep you on their shitty platform**, stealing money by decaying options + +_________________ + +**Fuck me man, if you seriously still think staying with these Etoro fuckers and Trading212 and all these other ripoff bullshitters, then man you might be seriously retarded and need something checked out** + +Edit by lickybum: etoro is able to close your position without your consent while rapid price movement based on their tos + +**If you got the chance to leave this fuckers while not paying any taxes or minimal losses, why the fuck don't you do it already?** + +BUT thEiR FAilURe To DeLiVERS WIll REsET!!!!1! + +We are at the part of the story where it honestly doesn't fucking matter anymore if their FTDs reset, DRSing your shares outweight the drawbacks of leaving these shitfucks + +**They will Do whatever the fuck it takes to just short it down more to the ground to just give Ken "another fucking day to live"** +________ +Personal note: Long time hodler since the whole january fiasco, originally bought in 360 range, and was still a noob and didnt know shit about investing. + +Thinking i was safe with my shares at Trading212 but at one point having to read about DRS and experiencing over 11 months of this bullshit what they are doing every day really makes you think if you are still right with your decision or might need a change of mind, later i already left Trading212 with my 80+ shares which i had there,i got 2k+ in realised gains but idgafuck, i think my choice was right and DRS'd all my 131 Shares. + +Edit: I am tired as you guys are, and just want to let this shit end already, but the **good ending** + +I got my tickets to the moon already, whatever the fuck you think is the best for you is up to you, just a heads up and maybe a change of mind to this whole disaster of a fucked market we are in. +______ +***Wake the fuck up sheeple*** + +***This is a fucking financial war we are in and no kindergarten*** + +Edit: finally got my first sneak Award, thank y'all +**I Don't give a fuck if people think this is fud or something, downvote if you must but please fucking explain yourself** + +Warning: contains many swear words but this just has to be said. +_____________ + + +None, absolutely NOBODY cares about you and what do they all want?: **MONEY** + +**They try every trick in their fucking book to keep you as a customer and as a product for short sellers** + +**YOU are the only one who cares about a Short Squeeze, you want one?** + +Go Ahead and DRS Your shit if you haven't already, **YOU ARE SUPPOSED TO OWN THE COMPANY YOU BELIEVE IN; NOT THEM YOU'R MONEY** + +_______________ + +You want a big pile of fucking cash and a big thank you as a reward?, + +**Get off your fucking ass and do something already, nobody has earned shit before out nothing, unless you were born rich your chance to become a millionaire alone is already slim as fuck** + +Using shady shit like instant deposits/withdraws, beneficiary ownership, internalizing CFD trading which breaks laws, aswell as lending out "your shares",while just printing you a fucking PDF and stating that you "own" something, **Creating Fake Voting poles to keep you on their shitty platform**, stealing money by decaying options + +_________________ + +**Fuck me man, if you seriously still think staying with these Etoro fuckers and Trading212 and all these other ripoff bullshitters, then man you might be seriously retarded and need something checked out** + +Edit by lickybum: etoro is able to close your position without your consent while rapid price movement based on their tos + +**If you got the chance to leave this fuckers while not paying any taxes or minimal losses, why the fuck don't you do it already?** + +BUT thEiR FAilURe To DeLiVERS WIll REsET!!!!1! + +We are at the part of the story where it honestly doesn't fucking matter anymore if their FTDs reset, DRSing your shares outweight the drawbacks of leaving these shitfucks + +**They will Do whatever the fuck it takes to just short it down more to the ground to just give Ken "another fucking day to live"** +________ +Personal note: Long time hodler since the whole january fiasco, originally bought in 360 range, and was still a noob and didnt know shit about investing. + +Thinking i was safe with my shares at Trading212 but at one point having to read about DRS and experiencing over 11 months of this bullshit what they are doing every day really makes you think if you are still right with your decision or might need a change of mind, later i already left Trading212 with my 80+ shares which i had there,i got 2k+ in realised gains but idgafuck, i think my choice was right and DRS'd all my 131 Shares. + +Edit: I am tired as you guys are, and just want to let this shit end already, but the **good ending** + +I got my tickets to the moon already, whatever the fuck you think is the best for you is up to you, just a heads up and maybe a change of mind to this whole disaster of a fucked market we are in. +______ +***Wake the fuck up sheeple*** + +***This is a fucking financial war we are in and no kindergarten*** + +Edit: finally got my first sneak Award, thank y'all +I don't know about you, but it seems every man and his dog is now a stock market expert. My daily coffee with mates is now dominated by stock market chat, when it used to be politics or office gossip. + +Everyone thinks they have 'the gift' because they have done well in the past 12 months. + +Anyone else finding this? + +&#x200B; + +EDIT - apparently the 'shoe shine' quote is a bit lost on some people. Here is the context; + + [https://rationalwiki.org/wiki/Great\_Depression#The\_Roaring\_Twenties\_come\_to\_a\_close](https://rationalwiki.org/wiki/Great_Depression#The_Roaring_Twenties_come_to_a_close) +I know! Duh! Should have done this years ago. I know! Rang the bank over my lunch break, quoted ING rate for their home loan. After 5 minutes, with zero negotiation, got their rate down from 4.5% to 3.8%. For me that’s about $500 off repayments per month. For a 5 minute call. + +I’ll spend the time doing proper research etcetera later to get an even better rate, but in the meantime I’m happy to take that for a 5 minute call. +I need HELP. I’m 32 years old and I have a 6 year old daughter. I feel like a should have it all together. But I don’t. I just now got my own place a month ago with her by myself. Barely. My friend had to help me out with money for that cause I had none. I feel like I never have money. It’s such a vicious cycle of I get paid and two days later I have $6 in my account, and I feel like $hit for it. Between trying to buy stuff for my apartment because I literally had absolutely nothing for it and Christmas I feel like I am drowning. I am so stressed. I literally don’t know what to do. I sometimes hate myself cause of the face that I never have any money. My bills aren’t too high. My car is the most expensive thing and I’m so behind on it, I’m afraid they are just going to come take it when I’m not looking. Im almost always late on all my bills. There seems like there’s never a light at the end of the tunnel. +Edit: Possibly 6.48% due to intermediate calculation rounding. + +The unadjusted CPI-U rose from 287.504 in March to 296.808 in September of 2022. The new I-Bond Rate will be 6.47% for new purchases from November 2022 – April 2023. The Current rate of 9.62% is available for new purchases through October 2022. +Hi everybody, + +I've been moving around a lot in the last year's and have worked in 3 different countries, and will at least add two more. + +As most state pensions have some kind of minimum contribution years threshold, I wonder if there is some possibility to aggregate. + +Not that I'll really need it tbh, but I'd be interested in my European pension rights/options +Hello /r/eupersonalfinance, + +Lately I have been reading lot of information on how to invest and a lot of discussions around it here and I would like to clarify some issues.I am **27 years old**, from **Portugal**, and intend to invest **long term** (\~ 30 years) with continuous contributions (taking advantage of the effects of compound interest).From what I have gathered, investing in one or more global **ETFs** seems like a good option. Initially based on my research I considered following ETFs: + +>90% iShares Core MSCI World UCITS ETF (IE00B4L5Y983) +> +>10% iShares Core MSCI Emerging Markets IMI UCITS ETF (IE00BKM4GZ66) + +My **initial investment would be around 9000€**, with **200€ of monthly contributions**. Given that it is not a great value, it might suffice to invest in an ETF like the MSCI above, at least at the beginning. + +From what I have seen, DEGIRO seems to be a popular option in Europe for the low costs and smooth system, and I also have some questions related to it. **Hopefully someone who has some investing experience and knowledge of the subject can share their opinion and tips, I'm looking forward to them.** + +&#x200B; + +If you can answer just one of these, that would be great: + +**1)** What is your opinion on this strategy? + +**2)** Being a long-term investment, I intend to invest in accumulating ETF(s). How do I see in DEGIRO which ones are accumulating? Is *iShares Core MSCI World UCITS ETF* (IWDA / IE00B4L5Y983), for example, accumulating? + +**3)** What does the ETF class represent? (letter in front of the name in DEGIRO - I've seen I and G so far) + +**4)** Would it make more sense to buy an ETF from an American market? Either global or just focused on the american market such as S&P500? Why? + +**5)** I have read that in DEGIRO for each stock exchange in which one buys stock one pays a fee of 2.5€/year, and that different stock exchanges have different fees for the normal acquisition. Is this the same for ETFs? + +**6)** I see that in DEGIRO there is a form (Form W-8BEN) to be filled in order to avoid double taxation between Portugal and the United States of America. Great. What about the remaining markets? Would I be subject to double taxation if I declared profits from Euronext Amsterdam, for example? + +Thank you in advance, unfortunately this is something we are never taught in our education system.Kind regards +Hello everyone, + +&#x200B; + +I'm 25 years old + +I live in Romania + +I want to start to invest in Index Funds for a long-run. + +I will have 10.000 euro in the next months + +&#x200B; + +I want to invest in: + +IWDA iShares Core MSCI World UCITS ETF (EUR) + +EXS1 iShares Core DAX UNCITS ETF (EUR) + +&#x200B; + +The only problem is that I can't find a broker for EU with minimal fees. + +Can you make some suggestions? + +&#x200B; + +Thank you so much! +I am hearing mixed messages around which index to portfolio to pick. I am trying to understand reasoning between each. Seems like + +**SP500** + +\- preferred by US investors for home bias + taxes + +\- some things it's diversified enough and exposed to international where a lot of income is coming from + +\- for people optimistic about USA future for next few decades + +\- some people seem to rely on past performance (which might not hold in the future) + +&#x200B; + +**VWCE** + +\- more diversified and therefore less risky + +\- might be preferred if you are not sure about USA future (again who knows) + +&#x200B; + +What else am I missing? +Hi everybody, + +I've been moving around a lot in the last year's and have worked in 3 different countries, and will at least add two more. + +As most state pensions have some kind of minimum contribution years threshold, I wonder if there is some possibility to aggregate. + +Not that I'll really need it tbh, but I'd be interested in my European pension rights/options +Hi all, I am looking at investing a lump sum for long term, still debating with myself if accumulating or distributing ETFs. Maybe some fellow Romanian would be able to help me decide which type of ETF is better with regards to taxes. + + +The broker is InteractiveBrokers, as I said am based in Romania. + + +I am looking for 65-70% developed countries, 20-25% emerging, 5% gold, the rest cash (if there's anything left). + + +I would appreciate some feedback for my percentages and the recommended tickers. + + +Thank you +I'm living in Belgium, and I use KBC bank to receive salary and its credit cards for online payment and insurance. + +For daily expenses and travelling though, I found Revolut a much better choice as it offers better management of cash in/out. As Revolut now operates as a bank, which means there's deposit insurance of 100k euros, should I use it as my main saving bank? + +Wise is used mostly to transfer money (another currency) but I wonder if it's operating as a bank, or just a digital financial institution (thus, less safe as a savings account)? + +Lastly, would you rather use Revolut or Wise as for daily expense, as they both offer a nice web/mobile UI to manage your money? Especially with instant balance update, which no traditional banks in Belgium have. I slightly prefer Revolut which allows me to see transactions from different (virtual or physical) cards separately. +I'm living in Belgium, and I use KBC bank to receive salary and its credit cards for online payment and insurance. + +For daily expenses and travelling though, I found Revolut a much better choice as it offers better management of cash in/out. As Revolut now operates as a bank, which means there's deposit insurance of 100k euros, should I use it as my main saving bank? + +Wise is used mostly to transfer money (another currency) but I wonder if it's operating as a bank, or just a digital financial institution (thus, less safe as a savings account)? + +Lastly, would you rather use Revolut or Wise as for daily expense, as they both offer a nice web/mobile UI to manage your money? Especially with instant balance update, which no traditional banks in Belgium have. I slightly prefer Revolut which allows me to see transactions from different (virtual or physical) cards separately. +I understand liquidity in the property market isn't the same as the stock market. That being said, over say a long period, could the housing market collapse like the SP500, such as homes sell out at 20-30% discount? +Recent home buyer here. + + +At these low interest rates (2% + EURIBOR, which is currently negative), I happy to keep paying the mortgage as per schedule, but when do I know it makes sense to offload investment and contribute towards the mortgage? + + +As long as my portfolio generates more than the interest for the mortgage? Surely the math can't be that simple. + + +Currently my mortgage payment is 57% principal, 43% interest. If I contribute 20-30k more, it becomes more like 70/30 then. I want to know when would be the time to do that? + + +I can contribute towards my mortgage at any time without additional fees by the way. +I'm going to med school which is a 6-year program where I'm from. This will cost me a total of about 20k. Monthly expenses such as food and bills are covered by a separate stream of income (300.- per month). Which leaves me with around 30k to spare for holidays and additional expenses for the next 6 years. Keep in mind that I probably won't be able to work for the next six years as med school is going to be very time-consuming. I have thought about putting some of this money in an index fund but I wouldn't know how much of it and if it is even worth it considering the short time horizon of 6 years and the lack of additional income. +Hi all, + +Based on the very nice replies another member from this forum got, I grew confident and am trying to get your point of views towards what would be best for my wife and I. + +Moved from Colombia to Germany about 6 years ago with some debt, after struggling through the language, visas and low paying jobs, finally we got to a nice comfortable place where we can speak German, have a long term rental home and can save up to 1300-1500 Eur each month. + +I am a project manager at an IT company in Berlin, earn about 3.3k netto, wife 1.6k netto, we have both decided NOT to have kids. + +We started setting aside some money at the end of last year (before it was not humanly possible) and we are close to the 15k mark but this money is sitting in the savings account losing value each passing day. Additionally we have around 1000 Euros in Stocks. + +I started my research on investing with some tools within this forum re: Index Fund Investor and was thinking towards ETFs and Bonds, I came across OVB and had a nice chat with a broker in regards pension and investment plans, but I got cold feet on account of their nasty reputation. + +Long term ideal would be to retire youngish, owning a house or live from rent after buying a couple of apartments. + +Well that's about it, thanks for taking the time to read until here, any advice, ideas, recommendations where to start would appreciate it =). +It's being tossed around too loosely. No, you can't run high-frequency algorithms from your home. No, it isn't high-frequency if you're trading on Quantopian, either. Yes, it is a subset of algorithmic trading, and no, it's not a system you 'turn on' and leave on overnight. And please, stop limiting yourself to HFT with your 'Want to break into HFT' posts. + +HFT is the algorithmic execution of trading strategies to capture edge over extremely small periods of time. Some trades require you to be fast in order to capture edge. Solution? You be fast. Colocate. Microwave towers. FPGAs. Kernel modifications on your trading system. Anything to shave off the extra microsecond. Huh, that sounds strangely engineering-focused. _Because it is_. If that's your cup of tea, by all means. But please, HFT is neither a strategy nor a career-choice. It's simply a way of executing trades. + +Truth is, there really is no unanimous definition for HFT. We only know what it's _not_, and what its characteristics are: short holding periods, large volumes and small profits per trade. So let's try to have an open discussion on what you think it is, and if you're working in the field, what you do on a daily basis. + +Some topics to go off of: + +* Decision-making in low latency conditions: trading off having a smarter model to cutting down computation time +* Market impact of HFT activity: what are you comments on volatility, spreads, liquidity and fairness? +* What's your stance on predatory high-frequency activity? For example, flash orders. +* Do you think HFT activity should be limited, and if so, how? How would this affect the overall market? +I just want to see what's out there. Just stats. I'm not asking for strategy (yet lol). + +For some context. I typically trend follow and mix in mean reversion into my portfolios. Trend following systems are easy to build, so I spend most of my time trying to find a "good" mean reverting system to mix into my portfolio. + +Mean reversion systems generally have a negative skew, high win rate (>70%), large number of trades (2-10/week), and a win/loss ratio of 1:3. + +I recently developed 17 different mean reverting algorithms, and ran them for a year on a test account. Every one of these algos had those characteristics. + +&#x200B; + +[2021 Mean reverting algo performance](https://preview.redd.it/t202hwf5o5n81.png?width=1213&format=png&auto=webp&s=e5f24fbb4d11eef3722d745fa385880d25bb6e7a) + +So I'm probing this group to see if anyone is running a mean reverting system with positive skew, 3:1 win/loss ratio, frequent trades (2-10/week), and a high win rate (>70%). + +If you want to watch the 2022 performance of these algorithms you can see it [here](https://billiondollaralgorithms.com/live-trading). There's also a public FXblue account for them [here](https://www.fxblue.com/users/laronbillions). +I've been algorithmically trading for a few years now. I have all different algorithms and have back tested sometimes up to 50 years worth of data on charts ranging from 5 minutes to 1 day. + +I just wanted to share that I find it truly amazing that any algo I stumbled across with a very healthy win to loss ratio also was paired with a win rate between 30 and 33%. + +just looking for anybody out there who has seen the same results or who might be able to explain this. I'm leaning towards efficient markets doing their thing but just trying to get a conversation going around this for some more insight +I have a salary that would be nothing to scoff at if I didn't live in one of the most expensive cities in the country and have student loans. I make below market rate for my job and see no future raise coming, so I'm looking for new jobs. + +The issue right now is that ALL of my friends make at least 20% more than I do and most of us are in the same field. I was talking to a close friend the other day who says some of her more junior co-workers make the amount I do and she doesn't understand how they survive on it. She doesn't know how much I make but she went on and on about how it's so crazy that these people only make this amount and she wouldn't know what to do if that was her. It made me feel like shit. + +My boyfriend also makes 30k more than me. That's not a problem in and of itself but we split expenses 50/50 and sometimes he will make comments about "can you afford that?" which are well meaning but painful. I know what I can afford. It's not much. + +I feel worthless. +Only my wife's boyfriend's girlfriend and our 4 bastard kids know, but even they don't know everything. They have no idea the amount of time I spend here reading, laughing, learning, and sometimes even crying. They have no idea how much of my thoughts and emotions this has consumed the last 8 months. This whole thing is fucking nuts. I'm just really glad that all I have to do is hodl my favorite stock and chill with my internet friends. That is all. Goodnight. + +&#x200B; + +Edit: Good morning internet friends and family! This is why I spend so much time here. Love you all!!! +With such amazing news and gains today I was curious to see what the degenerates on WSB thought of the DFV tweets. + +NOTHING!!! Not one post can be found in Hot or Top posts for the past 24hrs. + +IN FACT, if you look at the top posts there are three highly voted posts with 14k, 8k and 3k. Then a precipitous drop into the hundreds and then double digits. + +Conversely Super Stonk has pages and pages of DFV posts. And at least 50 posts with 2k+ upvotes. + +WSB is dead! + +Edit: spelling +First of all, this is not financial advice. These are just my personal opinions based on observations of what Matt Furlong said today. + +When I was listening to today's conference call, of everything bullish that I heard, there was one sentence that really jacked my tits, and a few others that supported it. And here it is: +*"We intend to build up our cash position by the end of fiscal year 2022, assuming the operating environment permits."* +Some key words for the smooth brained apes here. The word OPERATING is key. +I'll take you back to college, accounting classes, where many apes may not have been because behind by the Wendy's or feel asleep in classes. +So in accounting, there is something called a Statement of Cash Flows. +It talks about how cash flows in the company. +There are 3 main sections: +1) Cash flows from (or used in) operating activities, +2) Cash flows from (or used in) investing activities, +3) Cash flows from (or used in) financing activities. + +That's it. Money can either come to you, or go from you, in one of these 3 activities. +The fact that Matt mentioned the word OPERATING indicates it'll likely be in this section of the cash flow statement, that Gamestop intends to "build up our cash position". +How do you build up your cash position through OPERATING activities? This is primarily your business. You intend to be making cash from your business. + +So without giving guidance, it appears that they're expecting to be making money from their business. + +So based off of that, then the CASH BALANCE INCREASING based off of what Matt said today. + +And not only that, timing-wise, he expects this "by the end of fiscal year 2022". Which for Gamestop, is January 31, 2023. About 10 1/2 months away. + +So it appears they expect to be making cash from their business within the next 10 1/2 months. Whereas they raised money last summer, this appears to be from their business. + +And what business was highlighted on the call as 1) expecting to launch before July 31, 2022 ("Q2"), and 2) they're going after an addressable market of $40 billion dollars? Their NFT marketplace. + +Further, it appears that it may be more than just the NFT marketplace according to the call with Matt today. On the call today, he says they're going to "make targeted bets in blockchain gaming AND CRYPTO CURRENCY". Not just NFTs, but CRYPTOCURRENCY too. +Further, he says they've invested "to drive the development of initiatives SUCH AS our NFT marketplace". Why didn't he say "to drive the development of our NFT marketplace", but instead, the NFT marketplace is just one of multiple initiatives apparently. And they touched on Cryptocurrency and who knows what else more. + +Look, my thoughts are from a market perspective I'm wholeheartedly about registering my shares in my own name, and who knows maybe there could be a MOASS based on trading and market dynamics, but I've invested in a technology company, and my personal opinion is I am planning on hiding my shares for at least 5 years and to avoid the FUD and the bigger players trying to shake people out. + +I read an article saying what the best performing accounts at a particular brokerage house were. They were the accounts of people who forgot who had the accounts. The next best were accounts of people who had died. + +Good luck to all. +Yesterday I made a post on some of the helpful YouTube channels to learn trading. A few people wanted my thoughts on these channels. If you wish to know that keep reading, if you don't you can skip this post. + +**Here's a list of channels that might be helpful-** + +**Rayner Teo.** + +Hey, Hey my friend! You probably know him. Many people on this subreddit have watched his videos and I must say they're pretty good. He was one of the most helpful YouTubers who helped me learn the basics. His content is short and to the point but after a while it's kinda repetitive. + +**Adam Khoo.** + +The first video I ever watched on trading was his 1 hr 30 min long course video. It was super helpful and it was the video that got me started. I don't watch his videos anymore but that video, fibs video, support and resistance, trade like a casino and candlesticks. These were helpful ones.Just sort by most popular videos and watch them, there's a strong chance that they'll be very helpful. + +**Urban Forex.** + +I found out his channel last year and the way Navin explains concepts is really good. Some of his good videos are- Support and resistance, breakouts, SL, pivot points and trendlines. + +I tend to watch his longer (50+ mins) videos at 2x speed. Shorter videos are generally not that helpful and 2x speed just saves a ton of time. + +**The Trading Channel.** + +His video on candlesticks (15 mins long) was super helpful when I started trading. Now I no longer watch his videos as they're kinda repetitive and basic. + +But if you're a beginner and you wanna learn price action, his videos might help you. + +**Pivot Call.** + +If you use pivot points there are 3 people/channels I would suggest you to follow- Pivot Call, CPR by KGS and Pivot Boss. I first learned about CPR from him. + +His videos are again, quite basic but his lifestyle videos are kinda motivating and his pre market analysis video was on point. Our analysis matched significantly. + +**Humbled Trader.** + +I don't trade penny stocks, and I don't intend to but I still prefer watching some of her videos. Her videos are a bit entertaining (the one about a trader's lifestyle and the one where the whole family trades). She seems cool and geniune. + +**Trade with Trend.** + +I believe that he's super underrated. I found his channel on Twitter (btw, there are a lot of cool trading profiles on Twitter too). He makes live trading videos which is something that is not common in the day trading space. + +If you wish to learn price action, OI analysis, Volume analysis, his videos are extremely helpful. He goes straight to the point without wasting any time. + +A must follow channel for every price action trader. Also, if you trade breakouts or VWAP, he''s be helpful. + +**Wyse Trader.** + +I just found out this channel last month and it only has like 5 or 7 videos uploaded but each video is worth watching. + +The content is really high quality and engaging. A must follow channel. I wish they uploaded more videos. + +**Data Trader.** + +This is a relatively small channel with less than 10k subs. but if you're looking for simple trading strategies without any drama/ BS, this is quite helpful. Again, there aren't many videos on this channel but each video is worth watching. + +**Trading Rush.** + +If you want to know the accuracy of various indicators, this is the channel for you. It backtests a particular (MACD, RSI, Supertrend) strategy 100 times and finds out its accuracy. I personally backtest my strategies manually but if you want the easy way, his videos might help you. + +**Zerodha Online (Hindi + English)** + +It has a ton of educational content. Zerodha Varsity is a series of free pdfs that teach you trading from basics to intermediate level, A must read. + +This channel has some really good videos (chart patterns, option chain, volume analysis and some videos on fundamental analysis. It also has podcasts but I personally don't listen to them. + +**The Swedish Investor.** + +This channel has summaries of various trading related books like Trading in the Zone, Trading for a living, etc. I've watched many of his videos and they're pretty good. Kinda like Improvement Pill (old) or Practical psychology (or Seeken). + +**CA Rachna Ranade.** + +Her videos are mainly on fundamental analysis and long term investing but she also explains many concepts about trading in a really good way. + +She's from my city and we've had a brief conversation on Insta and she's really cool. Her videos are easy to understand. + +**ELearn Markets (Hindi + English)** + +This channel uploads interviews with traders. This is something I don't see a lot on YouTube, Some real traders talk about their strategies, trading style and give tips. + +A lot of their videos are in Hindi language but I believe that captions are available. It's a very helpful channel for interviews with traders. Some good interviews are- Mitesh Patel, PR Sundar, Manu Bhatia, etc. + +**Trading 212.** + +I used to watch their videos as a beginner. They're really short (10 mins) and not very detailed but if you just want to understand the basic concept it's helpful. + +**The Chart Guys.** + +They have over 8000 videos and honestly I've only watched maybe a dozen of their videos. But nevertheless, if you want to learn options (basics) they'll be pretty helpful. Their videos on charts and basics of technical analysis and crypto are useful. + +**PR Sundar.** + +He seems like a shady person who is easily offended by trollers, but still I watch his post market analysis videos almost daily. His content is quite different. I don't agree with a lot of stuff he says, but still he's videos will definitely teach you something new. + +**Booming Bulls (Hindi with English captions).** + +Hands down my favourite channel. He is growing at a remarkable pace and uploads live trading videos with crazy amount of profits. He makes really good profit through option buying and his videos are very informative and engaging. + +The only problem is that his videos are in Hindi language. I've seen english subtitles on some of his videos, so if you're okay with that, do check out his channel. + +**The Madras Trader.** + +The only reason I've included him in this list is because of his triangle setup. I personally use it quite often and I've improved a bit on the original strategy. + +[**Vikrant Chaudhari**](https://www.youtube.com/channel/UCv_jrs9S4b1_FG-ziGXCSYg) **(My Channel).** + +I had started a channel to share the stuff I've learned on trading in a transparent way. I try to combine the stuff I learn from books, courses, YouTube videos and add my personal experience to share what works for me.My videos aren't super interesting but the content is a bit different from the usual stuff on YouTube. + +A few people have requested me to list down some Hindi Channels. If you don't understand that language you may skip the stuff I've written below. + +1. Power of Stocks. +2. VP Financials. +3. Theta Gainers. +4. Nitin Bhatia. +5. Finnovationz. +6. Trading Chanakya. +7. Market Gurukul. + +\-Vikrant C. +The market is now at a critical technical crossroad that will determine how the rest of 2022 will play out. Since 1950, NO bear market relief rally was able to break through and surpass the 0.5 Fibonacci retracement level WITHOUT THE BOTTOM ALREADY BEING IN. NONE. + +If SPY can break through that 0.5 Fibonacci level at $420, I think it's fair to start saying that we're beginning to see the end of this bear market. Notice how in the 2nd graph down below for SPY from 2000-2001 how SPY was rejected at the 0.5 Fibonacci level **almost exactly to the dollar** before reaching lower lows during the dotcom crash. + +But that was 2001. The pressing question is how 2022 will play out. Only time will tell. But inflation is improving, earnings haven't taken a major hit, the job market is still strong, and GDP hasn't contracted that much. Maybe the FED will pull off a soft landing after all. My hope is that's what ends up playing out, but either way, **I'll be there for the ride up or down**. + +Edit: As some have pointed out here, SPY did briefly fall 20.01% from its high in January of 2008 only to break the 0.5 fib level and then falter in 2009. **But that was an intraday move in premarket**, and the market ended up closing higher. In other words, it wasn't a true bear market, and the statistic I laid out here still stands. Still, even so, the past doesn't always predict the future, and anything can still happen. With that said, I still think it's a powerful technical level/statistic that has held so far. + +https://preview.redd.it/9t37vjdhdyg91.jpg?width=1766&format=pjpg&auto=webp&s=97e02076810252cf5e5590b58602da0e48af5850 +We all know the broad rule of thumb when you start contributing to a pension is for the overall % to be half your age, but what if you can't afford that? + +According to the ONS, in 2018 the average weekly expenditure for a retired couple was £498.70; £25,932.40 per annum, so that works out as £12,966.20 each if split evenly. If you qualify for the State Pension in full then that is £179.60 per week, £9,339.20 per annum, so you would need to find an extra £3,627 of annual income from elsewhere. + +If we use the 4% safe withdrawal rate as an assumption then that would mean you would need to build up a pension pot of £90,675 to be able to draw down from somewhat sustainably. If we say someone has no pension pot and 45 years until State Pension age and they achieve annual growth net of inflation and charges of 5% then the amount they would need to contribute over this timeframe is approximately £46 per month, £552 per annum. + +If you were in your bog standard auto-enrolment scheme where you contribute 5% and your employer contributes 3% then to have that amount going in you would have to be earning a whopping £6,900 per annum. If you worked minimum wage (£8.91 for those over 23) for 35 hours per week then earnings of £16,216 could see £1,297.30 paid in each year, which is way higher than the £552 mentioned above. + +Now there are a lot of caveats to this; there's no guarantee over future growth, what the State Pension will be in the future, lots of people manage fine spending less than the average figure for retirees, it's based on the finances for a couple and starting off in your early twenties, etc. I know lots of people on this sub want to retire early (which is why contributing more than the minimum is a good idea) but I hope it provides some peace of mind for others worried that they can't afford to pay any more in that they can still have a comfortable enough retirement. + +https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/expenditure/datasets/expenditureoftwoadultretiredhouseholdsbygrossincomequintilegroupuktablea55 +The whole point of the hardware wallet is to keep your crypto safe from malicious third parties. Buying a used, potentially compromised device completely defeats this purpose. + +A coworker of mine just fell victim, and lost all his crypto after buying a used hardware wallet. He thought he was being smart and frugal by saving $30 on a hardware wallet. At least he only lost a few thousand doge and other assorted shitcoins… +I’m from Sydney so I’m talking North Shore, Northern Beaches, Eastern Suburbs etc. Most houses are 2.5m+. Did you get in the market 10 years ago and see big gains? Did you start on a huge salary? Did you get a leg up from your parents? I’ve been wondering. +Keep this in mind... We all are asking ourselves Why in the earnings call did they choose to disclose the number of holders and the approximate DRS count. + +I believe it is because it fucks the hedgies legitimately. Hear me out. + +Remember this is now public record. The earnings call and anything that becomes public record has to be substantiated. Now all the brokers, dealers, hedgies and regulatory bodies now have to pay attention to the true numbers. + +Because when this all blows up in the hedgies faces and they are trying to blame this broker and that broker for the naked illegal shorts or validate why the rate was so low to borrow knowing that GME reported X number of shares. + +You can't say whoops missed that, had no idea the shares were being DRSed, I just kept the borrow rate at 1.1 and kept giving hedgies shares to short. + +I think this is about accountability on the players in the market but also with hard numbers out there it's less fuckery and less manipulation can occur. Right? + +If the broker says our internal policy is when a stonk becomes hard to borrow to raise the rates. Or to manage risks we ask more from the hedgies in interest because the risk goes up that they can't deliver or won't deliver and we plan to make money in interest. + +Later when the blow up happens and Congress is asking brokers, well it surpassed your internal thresholds and there was an increase in risk....WHY DID YOU NOT RAISE RATES? Unless you were doing it on purpose and colluding and manipulating the market with Hedgies. + +So point is, to prevent wrath of the government and investors hedgies and brokers alike have to be mindful of the numbers that are public and factual and that those number jive with whatever ranges and thresholds they have in place otherwise the questions come. WHY DID YOU IGNORE THESE METRICS FOR THIS PARTICULAR SECURITY? + +tldr- hedgies are fuk and the numbers being released are good and helps in the fight against fuckery. +Hi, + +I bought a single family house back in 2019 in Oakland CA for 800k with 5% down. I renovated the whole place (80k) so that each room has a master bathroom (5 rooms. No living room and dining area) and generating $6.5k a month. Even with only 5% down, my monthly expenses come out to $4.8k. With such positive cash flow, would I be able to charge a steep premium for my house if I wanted to sell it? +So I’m turning 23 this month and have been fortunate enough to accumulate roughly $100,000 in the stock market. I’m a full time student getting his bachelors so I’m not working and still living at home. I want to pívot those $100,000 from stocks to real estate. I live in Miami and everything is extremely expensive! How would I go about this? It scares me to death to let go of what I have learned built and establish in the markets to make mistakes in RE. But I have always wanted to make a ton of money and I think RE is the way. Rental income to be exact. What are some advice anyone can give me? Thanks. + +Edit: There are some apartments in my area going for $150,000. If I give a down payment of 10% I’d be putting down $15,500 plus closing plus some remodeling. For the sake of this example let’s say I’ll pay $15,000 overall. If I get free cashflow of $300 that’s $3,600 a year free cashflow and on my invested capital it would be 23.22% return a year on free cashflow on the money I put down ($15,000). Not including the principal pay down which based on the math is $490X12=$5,880 of unrealized gains. So overall by me investing $15,500 I get $3,600 in free cashflow and $5,880 principal pay down on the property. A combined $9,480 every year added to my net worth. That would be on $15,500 a return on investment of 61.61% yoy on those $15k. Without counting on the property appreciation. + +I know i know, vacancies and other miscellaneous expenses… it’s alright since I have capital on my side! I still have more money on the sidelines to find another good deal. If everything goes right, would that math be accurate? It seems so good to be true tbh. + +Sorry if I sound ignorant, I’m trying to learn as much as I can. +Was wondering if anyone here has any experience selling algo's or bots. + +Just looking for experiences and or thoughts on the value of doing so. + +Thanks! +Is there some signal that your trading bot listens out for which makes it immediately close all open positions and stand by? + +Would be interested in hearing what the signal is and how the sell off is handled. +By fully automated I mean algo looking at price movement, placing orders with stops, and placing exits. Can you speak a bit about platforms you use and how its all integrated? +[New Trader] I want to get into day trading but I dont have the funds to dump a bunch of money into it. Rn im using TD Ameritrade and ive realized that its incredibly hard to grow off of a small account and the PDT rule seems to be quite a big set back. Any tips on how to maximize profit with a small account while still remaining in the PDT rules? Thanks! +Per my Mom's request, I met with their financial advisor today. Both my parents are 80+ and have/'had less than $700k spread out between 2 IRA's and a brokerage account. My Mom was a little worried seeing her quarterly statements. I asked her a few questions and she said she really didn't understand most of it and she just lets the advisor handle things. + +My biggest concern is that he is charging them 1.5% of the balance annually. They only meet with him once a year. Otherwise, he calls them to suggest any changes. (which she doesn't understand, and just says "go ahead"). + +When I challenged him on the expense ratios of some of the mutual funds vs a similar (lower cost) etf, he said the the mutual fund gives them a more targeted approach and often times outperforms etfs, because they are actively managed. (I know this is not true in many cases). I also asked if the expense ratio is higher due to a mutual fund team actively managing the fund, then why does he need 1.5% to actively manage their portfolio? (he didn't like that comment) + +I also questioned why (at 80 yrs of age) their investments were still in 55% stocks vs bonds? When their risk aversion is high? My Mom is more concerned with keeping what she has vs increasing principle. + +I don't want to manage my parents finances, but I think they would be better served rolling their money into a self managed account and holding a few ETF's, while paying a flat fee fiduciary once a year to review. + +&#x200B; + +EDIT: I wanted to add that this money is earmarked for my dads long term care. He was diagnosed with dementia 2-3 years ago. The timeline for this money is 1-3 years. This advisor has known about my dads condition for over a year. My mom could have thought that the investments were going to continue to go up. I don't know what conversations were had about risk. +Please utilize this sticky thread for all **Bitcoin** price discussions! + +If you see vapid price posts on /r/Bitcoin/new, please help us out by directing the OP to this thread and reporting theirs. Thank you! +Hello folks, + +https://preview.redd.it/hrovsvwk1yg91.png?width=1153&format=png&auto=webp&s=c4c31a956efbd37b6d45fcfaf59edf4f7c62ade3 + +I have seen this topic brought up just a couple times by some OP whom i do not remember. I figured i may as well try it out myself. + +What you see in the picture below is a basically what is right in the title. I have the current chart of gamestop in logarithmic view using daily candles. The yellow Candles is gamestop from 2019-2021 in logarithmic view using daily candles as well. + +No tainting the scale, no stretching bullshit, just plain o'l daily candles. Gamestop is definitely currently following the same algo. Does anyone have any speculation on this? I mean this certainly is fucking odd, right? + +The OP who pointed this out bet he would chug a glass of water if gamestop doesnt hit $55 next week btw. Buy DRS and Hodl bitches + +Just for the hell of it, i figured id give our boi RC and DFV a shout-out. If it wasn't for DFV id never have bought the stock. If it wasnt for RC id never be still holding the stock. I just really Like the stock now because of these two gentlemen. + +Edit: + +we are so much on a two year cycle that even the last time we had a golden cross was September 2020. We are just about to have another! two mother fucking years later. + +https://preview.redd.it/7g7jyjc6yxg91.png?width=1153&format=png&auto=webp&s=ad0fcc4c95848c0797a33c4ec518a86dc0884342 +Ive really enjoyed sifting through the posts on here and weeding out the gems from the 90% trash. It makes part of the gains journey fun. To those that made me aware of these coins and bank the gains + +$XOR @ X 25, $PTERIA @ X30 , $KAI @ X20 + +I would also like to say to the salty crew - you know, the few that spend their time fudding peoples posts, I hope you are able to change your energy into a positive form, I hope you learn before it is too late, you must be loosing a lot of money to be so angry. + +I hope yous find it within yourself to become positive contributory sub members. + +Please keep posting your well researched coins. I look forward to more amazing gains with yous all. + +Cheers +I am meeting with a wealth manager in the near future. I'm all in on the Bogleheads philosophy of investment in terms of maintaining a personally managed low-risk portfolio, but I am still interested to see what this individual's sales pitch is (FWIW this wealth manager is employed by the bank my business has used for many years and not a random cold-caller). What are some good questions to ask? + +Also, I've read through a number threads within this sub debating the merits of investing through a wealth manager vs. sticking with personal investing. The most compelling reasons to use a wealth manager (that I saw) seem to be (1) peace of mind and (2) having a resource to help with broad wealth and tax strategy (vs. simple portfolio management which can easily be done at the individual level through Vanguard, Schwab, etc.). I have a really good CPA who does a great job managing my taxes, so it's doubtful that I'll get much value on the tax front. Any other benefits of using a wealth manager that might make the additional fees worth absorbing? + +Quick context - I'm 31 and recently purchased (I am 100% owner) a family business that has historically netted in the low 7 figures annually for many years. I'm still in the aspirational stage of significant wealth accrual (sitting at approx. $2M NW), but I have a vehicle to get where I'd like to go financially if I can keep the proverbial wheels on. Given the above, some prescient advice on the wealth manager vs. private investment front is much appreciated as I weigh different long-term investment strategies. +Most articles about how much to spend on a house use income rather than net worth as the primary metric. But for those of us who have FIRE’d, how are you supposed to decide how much house to buy? + +I plan to finance even though we could pay cash, so I’m essentially trying to decide how much leverage I’m comfortable with. Is there a metric I should be considering besides our personal risk tolerance? + +So I’m curious: how much real estate do you own as compared to your NW? For instance if you’re worth $5M and have two homes worth a combined $3M (regardless of your equity) I’d call that 60%. + +NOTE: I’m reposting this because it got taken down before without explanation. + +Edit: For comparison, the median US home price is about $270k and median net worth of US homeowners is around $255k, so the typical homeowner’s house is 106% of their NW. + +Edit 2: I’m specifically looking at TOTAL home value as a % of NW, NOT equity. Though both data points are valuable. +This was the statement given by finance minister of India recently. The statement was used as a meme and by trollers on the internet for some time. + +Regarding international economics and currencies market, how much does this statement actually make sense ? +Like any other product, there are bribe givers and bribe takers. They negotiate prices. This is largely done in secret, but presumably there is some efficient allocation between the two parties. Parties in a bribe can have relevant market power - suppose only the mayor can approve Project A, if there are ten companies bidding on it his bribe price is likely close to capturing all of the economic profits of the project. Conversely if one company can bribe any number of 10 officials to achieve its goal, then the bribe will be comparatively small. + +Anyone got journal articles/books on this stuff? +"...Unless there is some reason to think that free trade will increase total world spending—which is not a necessary outcome—overall world demand will not change." (end quote) +According to the Taylor Principle we would need the fed funds rate to be around 9%-10% to bring down inflation (+2% FFR above the CPI) + +I understand there are supply constraints playing a role in this bout of inflation, but Taylor’s Principle has been proven time and time again that the fed funds rate has to over shoot inflation by 2% to bring it down. Curious why people are so optimistic we are close to a pivot? +Having a bit of a moral dilemma here. On one hand, I support mass immigration because it makes poor people in other countries better off, but on the other, it would likely depress wages for poorly educated native born Americans. + +Is it feasible to fund a strong safety net if immigration increases the population a lot?? +I am currently evaluating companies like Exxon, Chevron, etc. as well as oil exploration companies and one thing above all has caught my attention: These industries, once very tightly coupled to the price of oil, have certainly been experiencing a divergence. I took a snap shot comparing price of XOP, an oil and drilling index) to crude oil and I think you'll immediately see the divergence. + +[https://imgur.com/a/2Rj2Agh](https://imgur.com/a/2Rj2Agh) (XOP in candles, USOIL in yellow) + +And so I am thinking there must be something happening on a macro scale for something like this to change what was such a tight relationship only a little while ago. I am plugged in to the energy crises and supply issues throughout the world and, even so, I'm a bit stumped. Thoughts? +Seems to me that on balance, Washington state has the lowest tax burden for the average person on $60k a year that owns a $300k house and spends a moderate amount of money on the basic essentials (groceries, utility bills etc) + +Other states like NJ have far higher property tax, levy income tax and have a higher sales tax yet their quality of life is objectively worse than Washington state - with lower disposable income after taxes, higher costs of living and fewer government services. Plus, qualitative factors like unemployment, crime, poverty etc are all higher in NJ than WA. + +Where does the difference come from? How can Washington have far lower taxes than NJ? +I was trying to explain what inflation was to a coworker and how a COLA adjustment isn't really a raise (sigh)...and I found I couldn't quite explain what causes it. I understand inflation comes from an increase in the money supply, but what causes it to increase at 2%/yr? + +Does it come from banks lending commercial loans, which increases the money supply? Or does it come from the the Fed actively performing open market operations to increase the money supply at 2% per year? If so, how come? + +Also, if the Fed is increasing the money supply, how does that end up as price level increases on common goods? If they are buying securities, I assume that money is going to a private bank first. How does that drive up the cost of milk? + +I always get alerts from my WSJ App about it andi have never really understood what it meant for the economy. Most articles i find have to much jargon to be easily understood. What does this big 800 point drop represent? +So I'm with barclays, they said because I have no credit history with them, of course I don't this is my first credit card. Apparently I need to get experian or something similar to get a credit history, no problem, Apparently they don't have details about me, of course not this is my first time logging in. So I emailed them and Apparently I need to be on the electoral roll, of course I haven't I have only been 18 for 9 months. What should I do? +I love this subreddit and looking at the portfolios that people are putting together. + +I currently do all of my investments and retirements with fidelity. They have a dividend growth index fund, FDGFX. + +You hear all the time that most managed funds don’t beat an index fund, and then I was introduced to the world of dividends where my old thought process is being challenged. + +So my question is, why not just stick to a dividend growth fund like FGDFX? +Inversely why do you dislike them? There’s a million pro/con review websites but filtering the noise can be difficult. I’m fairly new to all of this and trying to learn. + +I’m currently using Robinhood and it seems to get a lot of hate. So far my in my experience the pros/cons are kind of one and the same - it’s very basic. It makes buying a stock very simple and the app is easy to navigate. The downside is there is not much else there to evaluate what you are considering buying, pretty much any research/analysis will have to be found elsewhere. +didn't see this community talk much about this 8.55% Yield dividend stock ? + +or would you prefer XOM over this ? + +I need some honest opinions down this thread... +I’ve been looking into REIT dividends like PSEC and NRZ both with div/yield around 8-10%. What’s your take on these compared to other typical dividend stocks like AT&T and Coke? +So, I’ve been telling people since CME announced the bitcoin futures market that institutional investors will short BTC for massive profits. it makes sense that they would and it’s 100% what I would do if I wanted to make the most money possible. Of course it requires more capital than 99% of us can ever afford. + +It’s simple really: + +Buy a ton of btc and hike the price up to new ATH”s. +When the futures market opens, short btc at its all time high. +Dump all btc holdings causing a flash crash. +Close short positions with huge profit. +Rebuy cheap btc with all that profit. + +Rinse, wash, repeat? + + +It seems I’m not the only one who see’s this writing on the wall. In fact it seems the idea is catching on pretty quick which is awesome as it gives people a chance to alter their strategies so as to navigate this possibility.. + +Now, with that said, at what point do we reach.a critical mass of people who plan to act on this? Does game theory kick in and the bankers instead just buy futures contracts instead of shorting them? + +In that case they can drive the price up as everyone sells and make money by exercising the futures contract for gains on btc, all while lifting btc beyond the economic reach of the many. + +In other words, it probably doesn’t matter what we do. The big money will do the opposite and make it hurt regardless.. + +My optimistic 2 cents. +Hello fellow daytraders. I’ve been trading for a couple years now and I’ve finally had enough green months in a row whereas I feel I can share some hard learned lessons. + +So most traders fail because they don’t have true trading systems, or they don’t know what a true trading system consists of. A true trading system consists of two parts: + +- Learning to control your behavior (ie. controlling your psyche + +- A trading edge. + +The tricky part is that, those two parts depend on eachother. If one is out of wack, the other will be as well. That being said, having a true trading edge is the one you should pursue first, and your psyche will naturally follow. + +Creating a true edge requires you to do three things. I know this may sound simple but here it goes: + +- You need to be able to define an uptrend +- You need to be able to define a downtrend +- And you need to be able to define a range + +Notice I said define, not recognize. You need strict 100% technical definitions that don’t vary at all when defining these things. + +For example, my definition for range goes as follows: if the halfline of the current bar is less than the high of the previous bar but greater than the low, then the graph is currently ranging. It never changes ever. From there, I’m able to recognize ranges and plays to make on a very systematic basis, no intuition or skill involved. You’ll be able to do the same when you find your definitions. + +It also helps to do this without indicators. They can only tell you what happened in the past. You need definitions to define what’s happening right now + +Cheers. +Today was the single greatest day in the history of the Internet. Not just wallstreetbets and not just Reddit. + + +The whole Internet. + + +Sometimes, when you're in the middle of a battle, you forget to take a look around and see what's happening. I don't think everyone here has fully grasped just how close we came to losing today. This thing was **over.** + + +We preach diamond hands, but we also saw everything that we've worked so hard for wiped out with the most blatantly illegal manipulation in market history. We couldn't buy. We could only watch as our beloved stock started dropping from the all-time high to a crushing low. + + +The people won't invest if they can't trust the market. And that's where we were. That's where I, personally, was. I was VERY close to paper handing and selling when we hit $112 (Sorry). + + +But then...an absolute **MIRACLE.** + + +A distress beacon that went out from America's allies to the entire world will be remembered as the single greatest moment in the history of the Internet. You came by the tens of thousands from literally all corners of the globe. And many of these were purchases of only a couple shares of stock. Peanuts. + + +But together, you absolutely **OBLITERATED** the opposing force. We watched and could only cheer you on as you stopped the short attack in its tracks and then gained back everything they'd taken from us. + + + +You guys single-handedly reached out to America and said, "We got this." + + +In case you didn't scroll through [this absolutely amazing post](https://reddit.com/r/wallstreetbets/comments/l6y25u/americans_cant_buy_gme_bb_help_is_on_the_way/), here are just a few of the countries that helped: + +(I'm so sorry if I missed anyone - reply with your country and I'll edit to add you!) + + +- Canada + + +- England + + +- Ireland + + +- Germany + + +- Australia + + +- France + + +- Switzerland + + +- Italy + + +- Mexico + + +- Denmark + + +- Norway + + +- Finland + + +- Sweden + + +- Spain + + +- Portugal + + +- Pakistan + + +- Hungary + + +- Scotland + + +- Poland + + +- Kazakhstan + + +- Brazil + + +- Chile + + +- Lithuania + + +- Romania + + +- Singapore + + +- Turkey + + +- South Africa + + +- New Zealand + + +- Gibraltar + + +- India + + +- China + + +- UAE + + +- Hong Kong + + +- Kenya + + +- Japan + + +- Colombia + + +- Slovakia + + +- Malaysia + + +- South Korea + + +- Bulgaria + + +- Iceland + + +- Albania + + +You saved us. You saved Americans. + + +Thank you. We are forever in your debt. + + +**EDIT** + + +- Iran + + +- Greece + + +- Uganda + + +- Israel + + +- Wales + + +- Uruguay + + +- Netherlands + + +- Austria + + +- Taiwan + + +- Croatia + + +- Cyprus + + +- Slovenia + + +- Vietnam + + +- Lithuania + + +- Cost Rica + + +- Belgium + + +- Nepal + + +- Georgia + + +- Argentina + + +- Jamaica + + +- Puerto Rico + + +- Latvia + + +- Sri Lanka + + +- Malawi + + +- Iraq + + +- Philippines + + +- Peru + + +- Nigeria + + +- Kuwait + + +- Estonia + + +- Malta + + +- Serbia + + +- Russia + + +- Guyana + + +- Ecuador + + +- Czech Republic + + +- Wakanda + + +- The Moon + + +- Mars +**UPDATE:** WELL is no longer halted, but DOC is still halted pending news. Likely just a coincidence. + +**UPDATE NO.2:** DOC was supposed to present at the LD Micro conference. Their name has been removed from the 3:40pm time slot: [https://ld500.ldmicro.com/](https://ld500.ldmicro.com/) + +**HERE IS THE ANSWER WE'VE ALL BEEN WAITING FOR - 13M OFFERING:** [http://www.globenewswire.com/news-release/2020/09/01/2087276/0/en/CloudMD-Announces-13-Million-Bought-Deal-Public-Offering.html](http://www.globenewswire.com/news-release/2020/09/01/2087276/0/en/CloudMD-Announces-13-Million-Bought-Deal-Public-Offering.html) +If you had to have Canadian exposure through 5 stocks, which ones make the cut? For me: + +SHOP - Canada’s tech darling. Hyper growth story, positioned well to benefit from growing trend in e-commerce. + +ENB - For energy exposure, give me the pipes. Nice dividend, their services are often over subscribed and prices are locked in often years in advance. Spectra energy acquisition looks like a nice growth opportunity as well. + +TD - Need a bank, TD is my favourite. Like the US exposure and think they’re very well run. + +BAM.A - What doesn’t Brookfield do? Core holding in any Canadian portfolio. Gives you international exposure in a Canadian company and has a rockstar management team with proven track record. + +BCE - My telco pick, nice yield. I liked the MTS acquisition in Manitoba to grow their presence. Until the government breaks up the cartel, give me some exposure to this oligopoly. + +What are your picks? + + +I traded in my 2014 Hyundai Sonata with 112.8K on it for $8,100 to my local Toyota dealership and got a 2022 Toyota Prius XLE that I had been looking at for a while because of my dissatisfaction with the Sonata, the fuel efficiency, and just wanting something new. The sticker was $30.5k and I ended up going underwater by $2,100 on the Sonata I believe because of the extended contract I had purchased when I had refinanced it last year. All said and done, I ended up with a bill of about $37.6k including GAP and a contract on this at a 4.6% 84 month loan. This is costing me $553 a month and I believe I can make that comfortably. I know it’s a little too late now; but did I get taken? I know I can pay down some of the loan by cancelling the contract from the old car and seeing what they give me to apply to the new loan and I can start there…..but my anxiety really needs some validation. I appreciate the time. + +EDIT: I had my Sonata for 2 1/2 years. I purchased it summer of 2019 for 12.5k. EDIT: The 12.5k was the sticker price on it; I believe I ended up being OTD on $14.5k + +EDIT 2: I wanted to acknowledge something cause I saw this in a few comments: My lack of financial literacy (either in general or just in this situation) is not a symptom of my parents. They were very responsible with their money and share a lot of the risk-aversion that many in this sub have. They even went through the Financial Peace University. But they gave me a lot of the tools that I have needed to be successful in life. + +If anything is to blame; I would chalk it on my desire to have nicer things than I did growing up because I’m an adult now. Consequentially, that can result in many a bad or poorly thought out decision. And that’s completely fair; and this might be one of them! But I’m comfortable about my ability make the note every month even if that means sacrificing something going into savings or shaving a little more off that $5000 Discover balance. I put away $200 a month into a vacation fund and am able to make my $700 rent and other utilities and have a decent credit score to show for it. + +Now I might not be in the capacity for the “wealth building” that is necessary to be completely debt-free and stockpile that into more savings or further my emergency fund. But I’m not struggling… + +I thank everybody for their opinions though, it really means a lot that a bunch of strangers who have quite a lot more life/financial experience than I do at 23 have taken the time to give me the best advice they can though and try and steer me down the best path. + +But I just wanted to say that I take full ownership for any financial irresponsibility or illiteracy. That has had nothing to do with how my parents raised and taught me. +Context: I’m in CA if it matters. My parents are looking to do a living trust to hand down my brother and I their residential properties (still have mortgages but should something happen to them we can at least sell them for a profit), retirement funds (should there be any left over before they pass), etc. They insist on a living trust instead of a will so we don’t have to go to court. Their total NW is probably not a whole lot (less than $2m). They also have life insurance that will pay us out $1M after they pass. + +I believe what I need to do is talk to an estate planning lawyer is that right? Any idea on what to look for in one if so? What qualifications/skills background do you look for and help you gauge if they are gonna really take care of you and know what theyre doing? Not sure where to start. +Hello all, + +I just started a new job, and upon declaring my personal trading accounts, my employer has instructed that I need to close my LISA - this, of course, will come with 25% fee of my total £11,000 holidings. + +Does anybody know if they can make me do this without covering the fees themselves? As a graduate who only left uni a couple months ago, this is a lot of money, and I want to keep the bonus for a house purchase. + +They do have one authorised broker who provides LISAs (Hargreaves Landsdown), but HL don't accept the transfer of existing LISA's over to them. + +&#x200B; + +Any suggests are much appreciated. + +&#x200B; + +Thanks +I’m very bad at saving money, I’ve recently fell into a great paying job and I’m looking to tuck away some extra cash for a rainy day and get out of my overdraft. What tips for saving money do you find works best for you? +I started a job that I really love about 2.5 months ago. But recently I’ve been in the interview process for a job that would mean a 50% salary increase, which would be life changing. + +I applied to the interviewing job months ago, before starting my current job. I didn’t anticipate this scenario and I’m not actively trying to get out of my company. I figured I would take the initial call just to make some good connections, but things have gone better than expected and may turn into an offer soon. + +So I’m torn. I don’t love the idea of leaving a job that I’ve committed to so early, and I don’t want to sever the great connections I’ve made here. But the pay increase the other job offers is just so substantial and could really change my life. + +Would love to hear any thoughts or insights - thank you! +I'm 30F, been steadily saving for FIRE for the past 5 years. I've been in a high powered tech career and lately I've been feeling really pigeonholed and stuck doing the same thing over and over, basically working with a niche software. I get paid really well to do it and it's pretty low stress for me. But I'm bored. I want to do other things and I don't feel like staying in this job is going to help me get the skills I need to do something else. + +I've been offered a position with about a 20k pay cut. I'll learn new things for sure, but I don't know how much I'll like the new things. It's an unknown. I was leaning towards taking the job just to do something different but I'm hesitating thinking about the financial sacrifice. 20k after tax is still an extra 1k per month. I could do so many things with that! I could eat out at nice places, see shows, travel, buy nice things. Maybe those things would make me happier? Plus the raise schedule is super divergent, like 8% annually at my current job vs. 3% at the new one. Over several years that's going to be a huge difference in savings. + +I live a pretty frugal lifestyle. I spend less than 30k a year. Truthfully I could take this new job AND buy stuff if I wanted to, but somehow deciding to keep my job makes me feel like I'll have permission to spend a little more because I'm choosing to do something that I don't enjoy much. Then again the entire reason I started looking for something else was because I felt like I had enough money saved to try to pursue more career satisfaction as opposed to just socking away money to reach FIRE where I won't know what I'll be doing. The thing is, I don't know if this new job will help with career satisfaction or not. It may just turn out to be boring after awhile too. + +Anyone have any thoughts? Did you choose to stay in a more lucrative career even though it wasn't as personally fulfilling to reach FIRE faster or to live a more luxurious lifestyle? Was it worth it? + + +CEO of Binance Changpeng Zhao's Luna investment of about $3 million which peaked at $1.6 Billion dollars came crashing down to just worth $3000. He also had some(a lot) of UST staked too. + +Changpeng now also holds the title for **Losing the most money in History** from $97 billion to just $11 billion + +>$97 billion +> +>Fast forward to the present. +> +>A combination of inflation, the war in Ukraine, a looming recession and a decimation of the global stock and crypto markets have wreaked havoc on Changpeng Zhao's personal wealth. As I type this article, **Changpeng Zhao's net worth** has sunk down to… +> +>$11 billion +> +>That means, as of this writing, $87 billion in personal wealth has been evaporated away from CZ in around 130 days. + +This has taken a tole on Changpeng and he is now worried about his future and started a part time job aside from being the CEO of Binance. + +&#x200B; + +https://preview.redd.it/5o1lirp0hs091.png?width=364&format=png&auto=webp&s=7572575978b0041879bbfd87c8ace0074472b278 + +&#x200B; + +https://preview.redd.it/4ter69l3hs091.png?width=1920&format=png&auto=webp&s=287ad950b0396fefc0c2c7b6abfe57e32f58d2cc + +&#x200B; + +## + +https://preview.redd.it/yy0e4wf6hs091.png?width=510&format=png&auto=webp&s=e9966228a3c92bc88001357fbc1c6346cc966bd7 + $StopElon started off like most potential moonshots, with a vision and a plan. The plan is to take control of $TSLA stock with a 2/3 majority ownership and $StopElon from being able to have such a direct effect on the market. We are becoming much more however. People from all around the globe are sticking up against the effects of manipulation from Elon Musk and his lies and deceit he used to post a $100m profit on Q1 for Tesla. Billions and billions of USD was lost from investors around the world just so he can barely scrape by with his nonprofitable company. Don't you think Tesla workers deserve a union and fair wages before Doge holders get kickbacks? + +What no one envisioned was how there would be many converging factors that could allow this community to grow & become a rallying point for everyone that is fed up with market manipulation, the system always winning & Business leaders like Elon that have left the everyday person in the rear view mirror. + +Having a cause or being the newest token happens all the time. Coins are purely speculative and should be treated as such. With that said, $StopElon is only a week old, making exponential returns still possible. Any early clue that this is much more than the new token is the community being forged on social media apps, as we speak. $StopElon is available on Telegram in (18) different languages as the community has pitched in to design our ecosystem in a way that encourages coin holder engagement. + +No one person should have this much power, money, and benefit off of the financial losses and sufferings of the common man, in the way Elon Musk does. + +Updates: + +* Updated website is looking good, but still working with changing stuff. +* We have continued to gain holders, now at 20,850+ and total transactions have now surpassed 52,600. +* Wechat is going great! This movement is completely worldwide and only just starting. +* Fantastic live audio Q/A with the team today. Very detailed answers and developers really proved they know what they are doing. Could not have gone better. Was recorded, 2 hours long. +* New sponsored AMA with a prize pool of $1000 is going to be hosted by Crypto Eagles on May 29th, 4pm UTC +* The team has been in talks with many different exchanges as well. too early too call, but have been talking to exchanges for a while now and are insuring they should support tokenomics. +* Contract audit from Techrate is completed and passed with flying colors! + +$StopElon in the media. + +Check our TG for daily updates + +Tokenomics: 0.1% max buy/sell 10% tax total (to holders and LP) 40% initial burn (almost 50% burn as of now!) 5% dev marketing wallet 5% community wallet $25M+ Marketcap 20,850+ Holders + +✅ Verified contract 0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +Twitter: STOPELON (@STOPELON\_BSC) / Twitter + +📷 English Telegram (@StopElon\_BSC) + +📷 Website: [www.StopElon.space](http://www.stopelon.space/) + +📷 Chart: [https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) + +🥞 Buy (v2, slippage 12%, 0,1% max) : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) +Been awhile since I made a post educating you retards, throwing pearls before swine. I've been disheartened by some of the comments I've read recently and just wanted to provide some tips for the genuine noobies/retards among us. If you already know this shit, congrats, move along sir. + +Take a look at my previous, more advanced guide to some theta gang theory for those looking for something a bit more in depth: [https://www.reddit.com/r/wallstreetbets/comments/iz68r4/how\_to\_consistently\_outperform\_the\_sp500\_using/](https://www.reddit.com/r/wallstreetbets/comments/iz68r4/how_to_consistently_outperform_the_sp500_using/) + +Without further ado... TOP 5 TIPS Every Noobie Trader MUST Know. + +# 1) You MUST understand Implied Volatility. + +I made this the first point because it is the gigantic mistake I see noobies here making again and again. I'm talking to you, people who bought calls on PLTR at $30. **If you learn anything from this post, you MUST learn this.** + +You see a stock make a massive move either up or down. Your immediate response is "this is a great opportunity to buy calls/puts on a volatile stock!" Right? WRONG! + +In fact, when a stock has just made a massive move in either direction, that is perhaps the WORST time to purchase options in EITHER direction. Options are not stupid. Options are designed to price in the fact that a stock is moving wildly. This is called "implied volatility." They become more expensive as a stock makes more dramatic moves, to price in the volatility you and everyone else is expecting. + +It's quite possible and even likely that you buy an option on a high IV stock, and the stock moves in your direction, and yet you LOSE money, because it didn't move as dramatically as was expected by the implied volatility. **This is called "IV crush."** It only takes one or two experiences with IV crush for most traders to learn this lesson for life. If you understand this concept before you lose a ton of money, all the better. + +**So, what should you do if a stock is highly volatile and options are expensive due to IV?** + +There are two choices: Trade actual shares, or SELL the options rather than buy them. + +If you are bullish on a high IV stock, you can take a bullish position by SELLING a cash-secured put rather than buying the call. If you are bearish on a high IV stock, you can take a bearish position by SELLING a call rather than buying a put (although this entails greater risk and will typically require higher options trading level by your broker). + +# 2) You MUST have patience. + +It's a tale as old as time. A noobie investor does some research, reads some DD, and is convinced a stock is going to rise over the next couple years. So he buys in. A bad day or two hits and the stock tanks. He panics, and sells. The next couple days the stock rises and appears to stabilize. So he buys back in again, because he still believes in his thesis. The stock drops again, and he panic sells again. + +In reality the stock is just trading sideways, but this idiot keeps buying on green days and selling on red days. This is perhaps the most idiotic, suicidal strategy anyone could ever employ. Buying on green and selling on red is a surefire strategy to lose money consistently over time. + +This is why you MUST remove your emotions from your trades, because your emotions will usually tell you to buy on green and sell on red, literally buy high and sell low. As the boomer Warren Buffett once stated: **"The stock market is a device for transferring money from the impatient to the patient."** + +Here is a better approach. Set up your entire trade BEFORE you make the trade. Have a set price you will sell at if things go south. Have a target price you will sell at if things go well. Once the dust settles you can learn from any mistakes. Were you too aggressive, or too conservative in your targets? What emotions directed you to make those mistakes? Too much greed, too much risk aversion, too LITTLE risk aversion? Make every trade a learning opportunity. + +# 3) You MUST understand "Reversion to the Mean." + +In general, stocks will tend to revert to their trendlines. + +This thesis is fairly simple. If a stock moons 10% in a day, the most likely event is a drop the next day. If a stock tanks 10% in a day, the most likely event is a rise the next day. This is because humans are emotional creatures. First, they overreact to big news. Next, one of two things happen: When the stock is way up, people see it as a profit taking opportunity, so they sell. When the stock is way down, people see it as a buying opportunity, so they buy. + +I don't have any hard data to back up this thesis, but I'm sure there's a bunch of nerds out there with hard data that proves exactly this, as well as trading algorithms specifically designed for a "reversion to the mean" strategy that are consistently profitable. + +Obviously there will be exceptions, as well as times when a big move signals a shift in the trendline. All I am saying is in the MAJORITY of cases, reversion to the mean will occur. Don't go chasing stocks that have made massive short-term swings in a single direction unless you have strong reasons (not just hopes) to believe the trend has changed. + +# 4) You MUST not YOLO your account more than once (or twice). + +This is going to be controversial for some of you. But it's just straight math. If you keep betting your entire account, or close to it, on single trades, **it's only a matter of time before you go broke. That is a mathematical guarantee.** + +Let's say you are one of the most skilled, intelligent, informed investors on the planet (doubtful). So skilled your plays are 90% correct. If you bet your entire portfolio on each trade, you are still expected to go completely broke after around 10 trades. + +Let's say you aren't a brilliant stonk gambler. Let's say you are just average and your trades are a coin flip (which is generous for a lot of you retards). **If you bet your entire bankroll on each bet, on average you will go completely broke in just 2 trades.** + +Again, there is a lot of complicated math we can go through to predict account explosion times and optimal bet sizing and so on, but that isn't necessary here. Professional gamblers such as poker players have refined bankroll management theory, which usually means at the least they aren't putting more than 10% of their cash on the table in one sitting, usually closer to 5%. (Take a look at the "Kelley criterion" for an interesting read: [https://en.wikipedia.org/wiki/Kelly\_criterion](https://en.wikipedia.org/wiki/Kelly_criterion)) + +I know a lot of you are broke with no life prospects and hoping to get rich quick. I don't fault you for that, I get it. The problem arises when you see the people who got insanely lucky with guessing 10 coin flips in a row who turned $1000 into $1,000,000, and hope to do the same... **but for every one retard with a record like that you've got hundreds more who lose it all and have nothing to show for it.** + +I won't fault anyone for making a gigantic, life-changing bet a single time. That is your choice to make, and it just might pay off. But if you think you are going to do that again and again and survive, you are delusional. + +# 5) You MUST be Skeptical... of EVERYTHING. + +Fools and their money are soon parted. Don't be a fool. + +Your first instincts when hearing ANYTHING should be skepticism. Your friend has a hot stock tip? Start with skepticism. Some online DD on a meme or penny stock online sounds convincing? Start with skepticism. A highly respected financial or government agency gives future guidance on whatever... again, start with skepticism. + +There are a million people out there trying to take advantage of you, to pump and dump you, to scam you, to trick you into spending more money on whatever. + +There are times when being a conformist pays off, like when markets rally for months straight. There are times when being a contrarian pays off, like when markets tank and sectors collapse. Don't be a consistent conformist nor a consistent contrarian. Be skeptical of every thesis and every hypothesis you hear, or even the ones you invent yourself. + +When you take this approach honestly and still become convinced of a thesis, you have a higher probability than most of being correct. + +**Seek out opinions that contradict your biases, not opinions that confirm your biases.** This is incredibly difficult and goes against human nature, but if you can achieve this ideal, you will out-trade 90% of the public. + +Edit: Holy fuck this thing has 255 awards... I don't even know what to do with this gay reddit coin shit but I have 2.9k now so thanks? +tl;dr—Was there a tipping point for you where you finally felt ready to start your FI journey? What made you finally take the plunge, open that first IRA/brokerage account/etc., and throw your money into the market? + +I'm a pretty obsessive person who has a real tendency to over-plan and over-prepare for things. I know this about myself, and I know that it's taken hold of me re: FI, a situation where starting sooner is beneficial. As a person who grew up in a broke family, then struggled and made mistakes throughout my 20s, I'm having a real problem "letting go" of the cash I've finally accumulated—even though it's not necessarily *going* anywhere and will in fact be going to work *for* me and my family. I'm waffling over details, though (see my "Help Me FIRE" reply if you want the nuts and bolts) and can't seem to just DO IT. Seriously, there are only so many podcasts, blog posts, and youtube videos one can consume before it starts to feel like a compulsion. + +Appreciate your thoughts. Thanks for being welcoming to a FI newbie. + +EDIT: Good points—by some measures, I HAVE started, just by contributing to my 401k, saving every month, having a budget, and trying to cut expenses. It truly is the opening new accounts and investing portion that's been scaring the pants off me, and knowing that, I can face it. It's one further step on a path I'm already ON. Thanks for that. + +EDIT 2: Dang, y'all, I wish I'd discovered FIRE when I was in college or fresh out like so many of you seem to have done! I envy you who have your heads on straight so early. Respect. +So many of you were rejoicing when BTC reached its ATH and sure, some greedy people got in and put in a lot of money and are possibly gone into debt to do that. + +Now its around 50% down and those people must be shitting bricks. And what do you guys do? Get busy making fun of them and making us look like a bunch of assholes rather than a helpful gateway to this developing market. + +Right now, most people think we're just a bunch of kids that use cryptos to buy drugs. So with sentiments like this showing up, we look like immature dumbasses. We are setting the wrong example when other people browse through and what they see is that we're busy making fun of people losing money + +I started participating when the Sub was a lot smaller and didn't see much of this before. So chances are it's a lot of you that are new here that are resorting to this behavior. So stop behaving like it's your baby and other newcomers are just suckers. Congratulate them on the investment and help them ride the tide. We're still in the early stages. + +I'm kindly asking to knock it off. Whether you like it or not, we're being watched and judged for shit like this. + +EDIT: To those of you trying to educate me that this is normal shit in Crypto, yes I know that and I'm not freaking out here. What I'm saying is that for people who just got in the game and haven't seen this volatility before, it's gonna be hell. It's a big drop at 50%. Those kinds of numbers during 2008 made people kill themselves. I'm not trying to be the thought police here, I believe in freedom of speech...I'm just asking to be more considerate in what's posted on here, use your right wisely. You never know if someone who's lost big reads this and you bring him/her down even more. + +EDIT 2: thanks u/Conflixx for putting my point into better context than I did myself :) + +> The point of OP though is the fact that it seems like new people who just started with cryptocurrencies, as did I just start about 5-6 mo ths ago, are making fun of people who only just jumped the gun at it's ATH right before the market crashed. People who started when I did probably more then doubled their investment because of the amazing december bull run, those are the guys who're posting this bullshit all the time now. I tend to stay away from those memes, I mean.... You might just push someone over the edge to kill himself because he basically got himself into trouble by investing to much money. I sure as hell don't want anything to do with that. Even if it's only just a slight possibility, that's a big no-no for me. +Looking for some advice regarding my retirement so in a way, you could have a hand in shaping my future (please be kind). Before covid, I almost lost my job where I was participating in a 401k (8% every 2 weeks) w/an employer match for about 2 years. I was given 60 days notice back in mid-January that my job would be terminated and to find a new one in or out of the company (they did offer severance if I couldn’t find another internal job). Facing financial uncertainty, I stopped my contribution as I figured I might need that extra cash to hold me over if I couldn’t find another job. On the 58th day, I received 2 offers within my company and accepted one (this was right around Spring Break time). I’ve hesitated on returning back to contributing to my 401k since and wanted to ask for your guidance. If additional details are needed, please let me know and I’ll do my best to provide. Thank you in advance! +Really need a car for work (I'm taking buses) but I'm hearing it still might not be a good time? + +I can buy new or used and have about 20k cash to purchase.. +By July 2023 everything but my house should be paid off. I’m 24 my house should be paid off by the time I’m 30. I currently have a 401k and receive a 4% match after putting 5% in. Once everything is paid off should I max out my 401ks or go Roth IRA. I’m looking for the best place to invest my money for my retirement. +Really need a car for work (I'm taking buses) but I'm hearing it still might not be a good time? + +I can buy new or used and have about 20k cash to purchase.. +I swear almost every day I see some article about how BB has gotten some award or recognition for its software. Then there's the Amazon/IVY contract which will surely bring revenue. Also talk that their software will be used for drones. What that means, I don't know- sounds like money though! Oh, almost forgot, partnership with Bidu for driving software in China. None of this seems to make the stock move. + +I don't get it. It's maddening. You have stupid news like SPCE announcing a "flight window" for their overpriced "space flights" and the stock moves like crazy. You have partnerships with legit, in Amazon case, trillion dollar company, and the stock sits right at $10. + +What's it going to take for this thing to start moving? It's absolutely infuriating. +Like the title says, I finally found a job, and I’m working towards getting rid of about 40k of debt. (24 in school loans, 9 in credit cards, and 4 of personal/familial loans). + +Hilariously enough, it wasn’t even a job that I had applied for in my last “applied for 24 jobs post”. I got it though a connection I made. He took a chance on me, and I thank him for this opportunity (silently) all the time. + +I work at a car shop now, and sure, I’m emotionally and physically exhausted, but I know it won’t last forever. The learning curve is steep, and I don’t get breaks, but I get to learn something new everyday. + +I just went to my company Christmas party, and apparently everyone knows me now. They like me a lot I’m told. + +I had a pretty bad day at work comparably, but I’m only going to get better at it, it’ll get easier. + +I’m trying my best, and you are all too. I’m rooting for everyone, I just want to see things get better for you guys. + +Edit: you all can do it! I believe in you! ❤️❤️ +thanks for all the kindness in the comments, you’re all so lovely. +Just a quick example. In February and March 2020 I was selling all my portfolio when the stock market was going down. I made some money but I didn't rebuy up until September 2020 missing a lot of gains. I thought that a global pandemic will destroy many businesses, will put a lot of people on unemployment and that the supply chains will get disrupted. I missed a LOT of gains if I just had kept my stocks. Middle of pandemic, VIX is going down and the stock market is booming - normal stuff. + +And here we are now. Did I miss some news about a bubonic plague? Or maybe the repo market is bursting? Nah? So the housing market is bursting? Also nah? Are the US at war with China? Also nah? + +I lost all my gains from the last 3 years over the last 2 months and what is happening? Nothing. + +No amount of books or lectures can predict the stock market. I thought I got my lesson with 2020 and that for the next global event/pandemic/QE I will keep my stocks. HA. +https://www.bloomberg.com/news/articles/2020-08-13/apple-readies-apple-one-subscription-bundles-to-boost-services?utm_content=business&utm_campaign=socialflow-organic&cmpid=socialflow-facebook-business&utm_medium=social&utm_source=facebook + +> +Apple Inc. is readying a series of bundles that will let customers subscribe to several of the company’s digital services at a lower monthly price, according to people with knowledge of the effort. + +>The bundles, dubbed “Apple One” inside the Cupertino, California-based technology giant, are planned to launch as early as October alongside the next iPhone line, the people said. The bundles are designed to encourage customers to subscribe to more Apple services, which will generate more recurring revenue. + +>There will be different tiers, according to the people, who asked not to be identified discussing private plans. A basic package will include Apple Music and Apple TV+, while a more expensive variation will have those two services and the Apple Arcade gaming service. The next tier will add Apple News+, followed by a pricier bundle with extra iCloud storage for files and photos. +The title pretty much…[The SEC has less than 5,000 employees with an average salary of &gt;$200,000/year.](https://www.federalpay.org/employees/securities-and-exchange-commission). SuperStonk has over 700,000 Apes with just an “average salary”. [Less than 400 of those employees at the SEC are part of the “Securities Compliance Examining” department.](https://www.federalpay.org/employees/securities-and-exchange-commission). Over 700,000 Apes are part of our own “Securities Compliance Examining” department. LET THAT SINK IN. Ladies and gentlemen….I appreciate all of you. Before long all of your hard work and dedication to each other and this country and the entire retail trading world will pay off. It’s time. However long it takes is however long I’m in it with all of you. I’m certain we will not give up until things are made right by our lopsided government, banks, SHF’s, the SEC, the DTCC, and whoever else is playing games with our hard earned money. I love this community more than you can even imagine. To the moon to refuel…then to unknown galaxies. + +Edit: I completely understand some, maybe half or more, of the 700,000 are not apes. I also understand that only a small percentage do the DD and the rest lurk. I just don’t know how many so I used the larger number. I like big number and crayons 🖍. +I hope this post helps someone out there to avoid the mistakes that I have made. + +When I was a kid, my step dad helped me invest $850 I had saved up in my first stock. The first tech boom was just a few years away. + +By the time I was a teen I had a full portfolio and was rocking it. I had around $50k invested. All from money I made working at a flower shop, computer repair shop, (and selling a bit of pot too if I am being honest), and buying stocks. I was going to be the next Warren Buffett of course ... lol. + +In 1999-2001 day trading took the internet by storm. Even your cab driver had trading tips back then. I got sucked in with many others, and I also got wiped out. By early adult hood, I had blown out my account to 0 on dumb options plays, not knowing what I was doing and taking idiotic risk that I didn't fully understand. + +For a decade I avoided the market mostly, even though it had once been such a passion. I got a degree. Went into a different industry. + +Sadly at some point along the way again, I thought I could be a 'trader'. I went through similar cycles as the first time (perhaps with a bit more knowledge, wisdom and maturity than the first time). The game is even harder now though. The HFT's and Algo's are programmed just so perfectly to squeeze out your money, even if it is one penny at a time. Once again, after wasting many years, I found myself at the bottom. + +I will spare you the rest and jump straight to the ending: I am nearing 36 years old, and my portfolio is nearly non existent. I am not poor, and I own a nice little business ... but I am also filled with regret. + +Had I never started trading, and had I just continued investing, I would probably be a multi millionaire based on the trajectory I was headed by this point. I also would have gotten to skip many years of shame, doubt and guilt. + +The amount of people in this day and age that are actually successful traders are so god damn few and far in between. There is a reason the entire world has moved to quant systems. Computers trade better than humans filled with emotions. + +Moral of the story for you youngins' out there: Buy and hold. Maybe don't buy today at the peak of a fed induced 10+ year bull run and wait for a market correction in the next few years (ironic that I would be giving financial advice by the way), but when the opportunity strikes .... buy and hold. Make smart investments. Don't take dumb un-necessary risks. Sometimes the boring stocks are the absolute best ones. + +The stock market shouldn't be exciting. It shouldn't be something that makes you lose sleep or feel anxiety. It shouldn't be 'fun'. + +Hope someone gains something from this post. +I really feel like I need a more formal education on some of these theta strategies. Can anyone recommend a series or even YouTube videos? I’m trying to avoid the Tim Sykes type stuff where they hit you up fir $2,000. +So far CSPs have been good to me - $TSLA $AMD $GME (see previous posts) and now liking the looks of NG futures or $BOIL natural gas for a mean reversion / knife catching speculative trade selling OCT $45 put for $6.10. + +Even used a few of these to fund OCT 80c (bull risk reversal) but for sake of this thread will focus on CSP + + +Note - this is a volatile ticker with +/- 10% daily swings please don’t follow this trade , I’ll probably lose all my money 🤿 + +FriscoTrades for more updates. + +Tampa native so ready to go snorkeling in Ian 🌀🌀🌀🌀 + +Happy Trading ! +When markets are green for days do you jump in with a CSP or do you wait and hold out for red days? I cashed out days ago thinking we would see some turbulence. Now I’m cash holding missing out on good gains. Anyone else in my situation? +I'm doing wheel with /MES with 30+ DTE and now im considering doing 5DTE because i see that weekley return is much more than monthly return. Am i missing something ? I selling at-the-money covered calls and cash-secured-puts +As an example, let’s say that you sold a CC with a strike of $80, one month out. You collected a $100 credit. On the day of expiration, the stock price is at $83. You don’t want to lose your shares, so you decide to roll. Because the option is in the money, won’t it cost like 5x (way more expensive than your credit received)? To effectively “roll” this, you’ll have to close this position at a massive loss, and try to find another option that will net you the $500 you just spent on rolling this option. How is this feasible? Please correct me if I’m mistaken. Thank you. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Some background information. We live in the bay area (San Jose, Santa Clara, Cupertino area) CA. My girlfriend's dad is giving us 50k and wants us to get a place to call our own. Girlfriend and I have been together 5 years. Plan on proposing this year. + +Combined income we make is roughly 150k. This coming year that might bump to 170k. We combined have about 5k saved us between the both of us. + +Our debt breakdowns + +Me: Student loans 30k, 12k credit card debt, 30k car note (cosigned with my mother) *does this count on my credit to debt ratio? Credit score about 700 + +Her: Student loans 70k, 10k credit card debt, 20k car note. Credit score around 750+ + +We currently are renting a 1BR for 1850$ a month. We both have stable jobs, I have been with my company 9+ years and her for a good amount of time now. + +My question relies on what is realistic at this point moving forward? What should our focuses be moving forward as we head onto marriage. Paying off student debt? Buying a home? Homes in the bay area range for 600K plus and there is no way we can afford that. However condos seem to fit our lifestyle a bit more in the 400k range. Her father mentioned that he would be willing to cosign. (assuming so that he has good credit). He owns a home and I believe has another mortgage under his name. + +If it is buying a home what would our target range be set to? Who should be the first person we talk to regarding this. +Good evening apes, + +I hope your wife's boyfriend is treating you well. + +Seeing everyone celebrating the Melvin Capital shutdown today made me feel compelled to provide a little bit of clarity as to what's going down. + +Is this a reason to celebrate? + +Yes. Gabe Plotkin and his crew lost over 50% of the value of the fund while short GME, and decided to close the doors on the fund forever. + +But its not so simple. + +Gabe lost half the money in the fund, but he didn't lose all of it. So why shut the door on the fund for good? Let's dig a little deeper. + +First we must look at how Hedge Fund's make money. Most commonly they follow the 2 and 20 fee schedule. This means they get 2% of the total dollars invested as well as 20% of the profits above a predefined benchmark. Some of the most renowned managers will take 20% of profits without this benchmark. + +Due to this fee schedule, it can become incredibly difficult for a HF that's down significantly to be able to earn their 20% profit incentive. + +So what did Melvin do? They closed down the fund, knowing they wouldn't be earning their profit incentive. I think it's extremely likely they just go and open another fund so they can start earning that profit incentive right away. I can't even begin to explain how morally corrupt and criminal this is. Rather than work harder to earn the investors money that he lost, he just bails on them at a huge loss to go earn higher fees elsewhere. + +These are the greedy bastards we're up against. + +Talk soon. + +u/dan_bren out. + +TL;DR: Melvin closed his Hedge fund so he can open a new one to earn higher fees. + +Edit: Appreciate all the comments and links to the public statements surrounding this. I'm not convinced. + +I think he's more likely to open another fund than he is to go to jail for financial crimes + +Edit 2: Gabe had a very good reputation in the HF business. His previous investors were obviously pissed. Big money wants the returns he was producing. He'll get the capital elsewhere. They understand that without the performance fee many valuable members of the team would look to work at other funds. +So I did a lot of lurking and realized that in order to achieve what I wanted here at my (amazing) company, I would need to be more forward than what felt comfortable. Oddly enough I'm known as being extremely up front, honest, perhaps even brash but in a good way. For whatever reason, asking for help, asking for more money even when I feel I deserve it, never came as easily. I've been a complete work horse for the last year or so and it's being recognized. I made it known to my direct manager (who I have an excellent relationship with) that my pay was not appropriate given my output and the quality of work I provide. I make him look great and he realizes that so I think he championed this to a degree. I was passed up for promotion last week and was really disappointed, wanted to start looking elsewhere etc. Then just yesterday, my director sat me down and just said hey we're giving you this enormous raise effective immediately. I was told to keep doing what I've been doing for the past year. The reason they passed me up for the promotion is because they are looking for someone external who has a vast amount of experience leading people. It was acknowledged that I'm the best SME on the team and that a role for that type of leadership position will come around soon enough. Feels good man. Complete 180 from where I was at literally just two days ago. Now that doesn't mean I won't listen to other offers because I know I'm very valuable but for my salary to have grown well over 20% in less than two years is pretty awesome for being at the same place. + +Anyways, lots of incoherent rambling I know. I feel like I have no one to discuss this stuff with. I just wanted to thank you all for the number of threads I've read regarding raises etc. + +EDIT - Wow this is really blowing up. Thank you for all the kind words! This is really one of the best communities on reddit. +Hi All, + + Im curious about what Fatfire thinks about the value of board seats/board presence relative to your career progression. Specifically, I know some successful folks who have sat on boards of small companies as a side hustle and parlayed that into senior-level full-time roles (VP+). Alternatively, I know a similar number (or higher number) of people who have 3 or 4 board seats but are largely stagnant in their careers. + + +My end-all goal is to retire with a presence on several boards (passive income + gives me something to do) but as a 30 something year old, it seems silly/unrealistic to look for this now. + + +What do you think - realistic? valuable? If so, what would you suggest for securing such a position? Do they require investments into these companies? If so, at what level? + +Thanks as always +As the title says, why doesn't everyone just invest in the Dividend Kings to count on a continuous stream of money? + +&#x200B; + +What's the risk/reward? Would it be beneficial to park your Emergency Fund here rather than in an online bank like say for ex., Ally, that earns .06%. Your not even covering inflation in those accounts. Now the risk obviously is a crash or the price dropping low. If you see the price drop to your stop-loss you can just sell it off. Is the HYSA dead? +What’s the risk in investing in Albertsons now to get the $6.85 dividend if one holds stock by Oct 21, since Kroger already announced it would buy the company for $34.10, just hold it for a week and sell it off for dividend payout in Nov. + +I know there is no free money , the slight risk of the buyout not being approved by sec but that is very very slim. +I’m selling when 1 of 3 things happens +1) the economy recovers from this covid thing +2) they lower their dividend +3) they reach their past average share price ($20-$26) +*Important Qualification: The Build Back Better (BBB) Act has not yet been signed into law, as it still needs to be passed in the Senate. All of this information is only valid IF it passes in its current form. It might not pass in 2021 or ever, or it might be altered.* + +The Build Back Better (BBB) Act includes 2 significant changes to retirement savings, which may impact your saving strategies. It seems that most folks on reddit are not familiar with these changes, so I wanted to give an overview so everyone has a chance to prepare if needed. + +1. **Backdoor Roth IRA Conversions will be disallowed starting 1/1/2022.** + + **What are backdoor Roth IRA conversions?** + + Roth IRAs have an income limit of $125K for 2021 ($198K for married couples filing jointly). If you make more than that then the contribution limit is reduced, and you are not allowed to contribute to a Roth IRA at all if your income exceeds $140K ($208K for married couples filing jointly). + + The backdoor Roth IRA circumvents this income limit by contributing first to a Traditional IRA. In this case the contributions will not be tax deductible, so there is no immediate tax advantage to contributing. However, you can then convert the funds in your Traditional IRA to a Roth IRA, and when doing this conversion there is no income limit. This allows anyone to contribute to a Roth IRA. Note that if you had any gains in your Traditional IRA then you need to pay taxes on them when doing a Roth conversion. + + **Who does this effect?** + + Everyone whose income exceeds the Roth IRA contribution limits, i.e. $140K for 2021 ($208K for married couples filing jointly). Even if you don't use a backdoor Roth currently, this will prevent you from ever using a backdoor Roth IRA. + + **Wait, isn't this only for incomes over $400K?** + + No. This applies to everyone over the normal Roth IRA contribution limits. The $400K limit only applies to normal conversions from Traditional to Roth IRA's, i.e. for funds that were deductible at the time of contribution to Traditional IRA. It does NOT apply to backdoor conversions, since those are with after-tax funds. + + **Can I still do backdoor conversions before 4/15/2022?** + + Nope. The law change applies to conversions, not contributions, so conversions would be disallowed as of 1/1/2022. If you make 2021 after-tax contribution after 1/1/2022 you will not be able to convert it Roth. + + **If I've already set up a Roth IRA then can I still do backdoor conversions in future years?** + + No. 2021 is it. + + **What should I do?** + + If you want to do a backdoor Roth IRA conversion, make sure you do it before 1/1/2022. + +1. **After-Tax Contributions to 401k will be disallowed starting 1/1/2022. Thus Mega Backdoor Roth 401k will be disallowed.** + + **What is the mega backdoor Roth 401k?** + + 401k plans have 2 contribution limits: the employee contribution of $19,500, and a combined employee + employer contribution of $58K for 2021. Even if an employee maxes their contributions of $19,500, it's unlikely that their employer will contribute the $38,500 needed to max out the employee + employer limit. The mega backdoor enables an employee to max out the full $58K limit. The mega backdoor works by allowing the employee to contribute *after-tax* dollars to their 401k, which then goes through an in-plan conversion into their Roth 401k account. So this allows an employee to contribute up to an additional $38,500 to their 401k (depending on employer match). But not everyone with a 401k is allowed to do a mega backdoor, because your employer must allow *after-tax contributions with Roth in-plan conversion*, and most of them don't. Also note that 401k contributions can only ever be done via payroll deferrals. + + **Who does this effect?** + + Only those whose employers allow after-tax contributions with Roth in-plan conversion, and who want to contribute more than the employee contribution limit. + + **What should I do?** + + If you are able to do a mega backdoor Roth, you might consider maxing your after-tax contributions for the remainder of 2021. You can't make direct transfers into your 401k, you can only contribute via payroll deductions, so the best you can do is jack up the contribution percentage. Beyond 2021 you're fucked. + +**Things to consider for 2022 and beyond** + +If you're not already, consider maxing your HSA contributions and investing the balance. If you're already maxing your 401k and want to save more, consider changing to Roth contributions, as it has the same contribution limit as Traditional, which allows you to effectively save more. + +*Disclaimer: I'm not an expert, I'm just an idiot with a high income that's trying to figure all this shit out. Make sure you do your own due diligence or whatever.* +She’s 70, gets about $951 in SS survivor benefits, and is about to be evicted from the RV park where she lives (RV is good for scrap only, doesn’t run and interior is destroyed), probably because of issues with all her feral cats. Don’t know for sure. + +I can’t have her live with me. I will end up in a mental hospital before that happens. Shitty childhood, but not quite shitty enough that I’d be fine if she ends up on the street. I can contribute some amount monthly, but I don’t have the thousands of dollars per month that retirement homes seem to cost. + +What resources are out there for senior citizens in this situation? I tried to talk her into applying for low income housing before and she said she couldn’t stand to share a wall with someone. I guess she might not have any choice now, but how hard is it to get the process started/how long will it take? I assume she will be served a 30 day eviction soon. + +I have two siblings, but everyone is playing the “not it” game, and 75% chance this lands on me. + +(To clear up any “just suck it up and let her live with you” sentiment, my parents liked to let all sorts of random men stay in our house when I was a little girl and they were both drugged out. I’ll let you do the math on that one.) + +EDIT: I post a lot on these subs (pf and la), this is obviously a throwaway account. I am pretty blown away by the support and responses I’ve received, both with good suggestions, people going through the same thing, and others who just wanted to give me a virtual pat on the shoulder. It means a lot. You never know what you’re going to get when you open your problems up to the internet, and I guess I expected the worst, probably because the situation makes me feel so shitty. + +TLDR: Got kids? Please save for your own retirement so they don’t end up in this situation. + +UPDATE 2: No specific progress. I never expected this thread to blow up and I work in a public-facing industry, so while I long to give a lot more detail, I’m hesitant to do so. I can tell you that most of the suggestions given, in my specific city/county, all lead back to a page that says “call social services”. Adult Protective Services ONLY had verbiage on their webpage regarding actual elder *abuse*. The only housing resources seem to link back to a third party affordable-housing portal. This is in a large NC metro with a lot of tech workers but probably also a high poverty level. All this said, I will call social services (and 211, if it isn’t the same thing) and see if I get anywhere, and either way I will post an update thread. + +I’ve read all the responses and it all means a lot to me. +Hello Again, + +I am just looking for opinions and general advice on the following: + +* Currently living in paid off house, can rent for 4500ish (950k house, 675.00/m in taxes) +* Total expenses per month is around 4.5k +* Save about 10k per month + +I am considering moving to another house and renting this one out. My thoughts are the mortgage here could pay for my next house or a good portion of it (assuming a few 100k down). One part of me says stay as I am just saving a lot per month with minimal expenses. The other part says, if the rental here can pay for most of my other mortgage, why not move and gain another property. + +&#x200B; + +Just looking for general constructive criticism and thoughts. + +&#x200B; + +Quick Edit: 675/mo in taxes. and looked at comps, around 4500 is a reasonable number. Still doesn't change what you guys suggested, just wanted to make sure post was accurate. +I sold a majority stake in my company about a year ago and have hit my fatFIRE number (higher end of 7-figures). 33, married, no kids yet, LCOL city. + +I have never given much thought to retirement, but generating enough wealth to have the freedom to do whatever I want was always the goal. I always had a calculator going in my head, crunching the same formula: "I just need to get to a net worth of X, so that I can have Y cash-flow, which is enough to live on without *having to* work." + +Now that I'm here (about 2x of the number I needed in my prior calculations), I don't really know what to do. I don't have any time consuming hobbies - I always enjoyed business and business building, but the drive to hustle and build was always almost purely money-driven. I feel like I should keep building, but am also asking myself "what for?" + +I don't need more money, and I don't necessarily think that I'll be any happier if I manage to 2x, 5x, or even 10x my wealth. In fact, I fear the opposite will be true as the further you go up the less you can, over time, relate to those who aren't in the top 1% I imagine. + +I'm not depressed - hope that's not the way this is coming off - I'm thrilled and grateful and much happier than before. And I've even enjoyed learning a ton about investing and allocating funds over the last year. But, as for the future, I worry about what I should be doing with my time... about getting bored, not having drive... + +Have others here gone through a similar stage? What came next for you? +So Robinhood listed ETC and it's pumping right now and many people gained interest in investing in ETC. This ETC pump shows, a lot of people still use Robinhood despite: + +* The WSB Drama +* That you don't actually own anything you buy on RH and can't transfer your coins into your wallet +* RH blocking the buy button/manipulating prices, as it suits them +* RH going down as soon as coins pump +* All these reminders not to use RH + + +And even though they listed an obsolete coin, it still got pumped because it seems like nobody on RH does DYOR. + + +Don't buy ETC! + +* It has no development +* It's hackable +* Malicious investors use ETC as a monetary scam +* ETC is an Attack against Ethereum + + +The ETC pump and so many people still using RH proves we're still in the early stage and a lot of people still don't know shit about crypto. +#### Statement from the Chancellor of the Exchequer (8th Jul) + +## I will update as I gather more information, but please let me know if there are any obvious mistakes. + +* Act with a plan for jobs +* Protect, support, and create jobs +* 25% contraction in 2 months +* Economic response: moves in three phases +* Now in second phase of economic response, third phase is for rebuilding + +____ + +* CJRS will cease - flexibly and gradually wind down by October + +____ + +* **New Job Retention Bonus** + * Bringing back a furloughed employed, and employed through to January, and pay £1000 bonus per employee (to the employer) + * To get the bonus, employee must be paid at least paid on average £520pm, between November and January (NI lower limit) + * For ALL furloughed employees + +* New **Kickstart Scheme** + * For all young people (16-24) in UK + * Pay employers to create **new jobs** for those at risk of long term unemployment + * National Minimum wage, 25 hours per week, training and support to find a permanent job + * Government will pay salary and overhead fees + * First kick-starters from this autumn + * No cap on the number of places available + + +* **£1k to employers for every new trainee** + * £100m to create more places on L2 and L3 cases + * Funding for career advisers to support 250k+ people + * Expand universal skills offer – tripling number of offers + * Guaranteed job interviews in high demand sectors + + +* **Apprentices:** Pay employers to create new apprenticeships + * £2000 per apprentice + * New bonus: Aged 25 apprentices, 25 and over + * DWP funding expanded by £1 bln to get people back to work + + +* **Vouchers for energy efficiency house upgrades** + * 2/3 cost of up to £5k per household + * Up to £10k for low income households, covering the full cost + * 1bln to improve energy efficiency of public buildings + +* **Property transactions** + * Cut Stamp Duty + * **No stamp duty upto £500,000** (additional property surcharge still applies) + * Until 31st March 2021 (effective immediatley) + * Starts immediately + * https://www.gov.uk/guidance/stamp-duty-land-tax-temporary-reduced-rates + * Updated calculator https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro + +* **VAT** + * Mainly for hospitality sector + * Reduction from **20% to 5%** + * VAT drop on food, accommodation, and attractions, and others + * Eat-in or hot takeaway food from restaurants, cafes and pubs + * Accommodation in hotels + * B&Bs, campsites and caravan sites + * Cinemas, theme parks and zoos + * Wednesday **15th July to Jan 12th 2021** + +* **Eat-out-to-help-out** + * Month of **August**, everyone will be allowed a discount + * Meals at any participating restaurant + * 50% meals discounts - **up to £10 off per head** + * Mon to Wednesday + * Businesses to register from Monday + * Paid back to business within 5 working days + * Will not apply to alcohol, but to food and soft drinks up to £10 per person. +I hear a lot of talk lately about the concerns of Palantirs stock lock up expiry and how that could trigger the employees to sell their shares, which could cause a major dip in the price. Now, I could be wrong but I think this theory is being blown way out of proportion. PLTR is a 15 year old company, they just went public a few months ago, and they have now started securing large contracts with government, military, and now are spreading out to more retail clients. The financials up to this point have been good, so unless the quarterly results released soon are absolutely atrocious (which is not likely), I can't see any reason why employees would want to sell their shares. Why would you sell your shares just as your company is making a huge name for itself? Unless of course, they sell just to secure a profit from their initial investment and then buy back in right after, which would just bring the stock price back up again. I hear a lot of people reluctant to buy PLTR just yet because they think employees are going to go crazy selling their shares, but I can't see them doing that. I could be totally wrong, and I would love to hear how others are viewing this. Let me know if and why I'm wrong, and what you think will happen. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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In this case I’m disregarding fully selective schools (not to say my kid isn’t smart but I might not have any control over how they do). + +Have people felt that private schooling which costs many multiples more than public schooling worth it? Things around facilities, extracurriculars, academic outcomes etc. I’m also totally open to hot takes (e.g if people think it’s worth it networking with more affluent/cash stupid kids) +I've been offered a job as a contractor at a different company for around a 40% pay increase (assuming I work 46 weeks in the year) for a 1 year contract. + +My current job is a full employee position which gives a minimum of 5% salary increase each year, with a higher increase for higher performance ratings. There is no annual bonus, however job security is high. + +Is it worth it to make the move? I am worried about job security as the contract is only 1 year and all the talk of a looming recession. However making the move would be a step up to a much more senior position so it could be better for me in the long run. + +Are there any IT contractors here that have any experience with how contracting works that could give me some advice? + +EDIT: Thanks everyone for the comments. It's given me a lot of information on what to keep in mind as I go through the paperwork next week. +My wife and I are looking at buying a house soon - and one of the things we'd be considering when looking at houses is 'Maybe we'd want to renovate the kitchen', 'Maybe we'd want to build a deck'. + +Is there some kind of resource that will give us ballpark figures for how much these things cost? Is it $10K or $100K? +Is this legal? Credit Karma is going to suspend that account, but should I contact that realtor and see what's going on? I'm sure I paid money for a credit check and this service is free. This seems EXTREMELY shady to me. +Hopefully this won't be considered an utter low effort post. + + +Have really been attracted to Hyundai and their line up of cars--I think they're beautiful, and see them all over the roads in my city in Canada. Have seen a few headlines and articles on their North American investments and sales success. Curious what others opinions are on their model offerings across their brands Kia, Hyundai, and Genesis. + + +As for a very shallow analysis: the company used to trade significantly higher \~10 years ago--what gives? + +Minorly tangential, but how do the business politics of South Korea (I have read that there are cartel like groups that exercise an incredible amount of influence, similar to Samsung?) curious if that has ramifications for the business outside of Korea? + + +Obviously, with global recession looming, it may not be a great time (I know, don't time the market), but curious if there is any cursory information that can be provided to encourage or dissuade a deeper dive into the company. + + +Post script: If this post is unhelpful or annoying, let me know and I'll take it down to declutter the sub. +According to simplywall.st they have the fair value at 115.86 from a two step discounted valuation and the stock is currently trading at 31.50. What are your thoughts on this and when do you see the market realizing this price. +I've been looking at $INTC for a while now, and think that they may have some moat and a couple of catalysts in the medium term: the foundry business and new management, solid revenue growth. But I can't really figure if they're cheap enough to buy at a margin of safety. (I'm pretty new to investing so I kinda lack valuation knowledge enough to trust my own valuations) +I'm researching VMW. I like the company, the management and I think the sector is on the rise. It's a spin off from Dell and in true spin off fashion has dived down into discount as Dell shareholders sell their included stock for cash. + +Please could you tell me why i shouldn't buy? Just any reason you think it's a bad decision. + +This will force me to look harder at the company and eventually get a better picture, and make a better decision. +Dominoes is currently worth around 12 billion dollars but has around 5 billion in long term debt. This seems like an excessive amount and concerns me. I think dominoes is a great business and they are more than capable of using this debt to their advantage with their high ROI and ROA but it still seems like a lot. Can any one help me understand how to look into their debt or why they would have so much. Thanks! +Is anyone here using options at all with your value investing strategy? If so, how? + +I know that Buffett uses them occasionally to enter positions at prices he likes (as well as LEAPs on indexes during volatility). Was curious to see how everyone here uses them (if at all). +Now I don't think this is a traditional value pick but I do think it's an interesting growing company that could have better buying opportunities in the future. + +Looking at the financial statements this company is impressive. Low debt, ton of cash, highly profitable, buying back shares, growing FCF, etc. My DCF doesn't show jaw dropping returns but it's decent enough to pay attention. I think Instagram and WhatsApp are also impressive apps owned by Facebook that have a promising future. + +With all the social and legal issues this company is wrapped up in, it has a bad wrap. I do find it funny that people complain about Facebook on their Facebook account lol. When Facebook first entered these issues back in 2018 the company became fair valued. I wish I acquired a position back then. Anyways, there could be better opportunities in the future. Would any of you also acquire a position? What do you all think about Facebook and it's potential? + +I wrote in my blog about Facebook [here.](https://ten-investments.blogspot.com) +Low P/E, growing cash flow and earnings, extremely high dividend, rising shipping costs, what isn’t there to love? If anyone has any reason why this isn’t a good company in its own right speak now or forever hold your piece. Yes there’s other things that make a company “good” but I just didn’t list them all. +Hey everyone, first time posting on Reddit ever. I’m currently on my second year of being a financial analyst for a commercial real estate company in Boston, MA and have been studying for the November level 1 CFA exam. While in college I found a true passion and excitement for security analysis and naturally was drawn to value investing and began reading everything Graham, Dodd, and Buffett I could get my hands on. Unfortunately my current position is not on the equity side. I want to move into an equity analyst position and was wondering if you guys or girls had any advice for me. Whether it’s interview prep, company suggestions, résumé tips, or anything else that might help I’d really appreciate it! +Shares go up and down, investments have risk. + +Businesses go up and down. + +Houses - only up. The second they look like they’ll drop the government will spend tens of billions to inflate the market. Largest pandemic in a century? 10-20% year gains depending on area. + +Interest rates? Can’t go up, will bankrupt people with enormous mortgages on 2% rates. + +At this rate soon you’ll be spending 2 million to get an entry level apartment with a wage barely above what we have today. + +Why though? +I've received my offer letter from my new job, signed it, and am awaiting further paperwork. I'd like to submit my resignation as soon as possible in order to have a 'buffer' period between jobs to ensure some personal affairs are in order. + +However + +My new job has a background screening process and some onboarding paperwork that needs to be filled out that I have yet to receive. There is no reason I would fail the screening process, but I'm a cautious individual and don't want to find myself unemployed entirely because I acted too fast. + +Some further background - I worked for this new employer as a contractor 3 years prior and I passed my background checks then and very little has changed in the past 3 years. + +Am I overthinking things? Am I being excessively paranoid? + +EDIT: Got the answer I needed: Wait until background checks are cleared and the start date is formally set rather than tentative. +[https://www.cnbc.com/id/31526130](https://www.cnbc.com/id/31526130) + +[https://pbs.twimg.com/media/EX8TN--XYAE7ki4?format=jpg&name=small](https://pbs.twimg.com/media/EX8TN--XYAE7ki4?format=jpg&name=small) + +>BUFFETT: Everything that I see about the economy is that we've had no bounce...in terms of the economy coming back, it takes awhile. I said the economy would be in shambles this year and probably well beyond. I'm afraid that's true. +> +> +> +>BECKY: We hear people on our air all the time who talk about the "green shoots" that they're seeing. Are you seeing any of those green shoots? +> +> +> +>BUFFETT: I looked. We're not seeing them. Whether it's retailing, manufacturing, whereever. We have a big utility operation. Industrial demand is down like we've never seen it for a simple thing like electricity. So it hasn't happened yet. + +&#x200B; + +At the time of the interview on June 24, 2009, **the S&P was** **already 43% off the March 2009 bottom** and would never come close to retesting the lows again. + +The market is forward looking. The economy in its current state is not what the market is going to focus on. +Just curious what people think +What sort of return do you target in theta strategies ? +Let’s assume you have 1m$ and no other source of income. +What sort of return / monthly income would you target ? +If I sell the Dec 30th 235/200 Put spread on MSFT I collect $80 on a $3,500 investment in 9 days. That is a 2.3% return and a 150% annualized return. I know there’s nothing to say that Microsoft couldn’t drop $15 the next days, but it seems like a pretty good probability that this trade would work, and that annualized return is amazing. + +And of course you could put this trade on further out of the money and not get quite a good return, but the math in looking at annualized returns on some of these spreads is fantastic. +Question for experienced traders: I am thinking of using a part of my portfolio (around 100k) to generate an average return of $2000 per week. I'm aware of the wheel strategy. But I'd like to open a discussion to explore other strategies. So far I have been successful with long calls due to the bull market. +Best excerpt from the article... + +“***Often, the first to the table gets the most lenient treatment, so it is smart to turn before others have the chance to.***” + +[https://nypost.com/2022/12/14/sam-bankman-frieds-ex-caroline-ellison-likely-works-with-feds/?utm\_source=reddit.com](https://nypost.com/2022/12/14/sam-bankman-frieds-ex-caroline-ellison-likely-works-with-feds/?utm_source=reddit.com) + +As SBF rotts in detention until February, his ex may have lots of beans to spill with the SEC. And on that note, all I can say is... "**Squeal little piggy, squeal! And let's see who else this Ponzi scheme will bring down.**" Personally, I'm hoping they will implicate a bank or two, some greedy politicians and perhaps a SHF. + +# Let the games of blame BEGIN! + +**Edit :** Looks like **another piggy has squealed as well.** See below for excerpt from this additional article... + +"***Ryan Salame, co-chief executive of FTX’s Bahamas operating entity, informed the country’s securities commission on November 9 that FTX customer funds had been used to cover losses at Alameda Research, according to Bahamian court records.***" + +[https://www.ft.com/content/921d0727-4c6e-48fd-a93b-5234940fe620](https://www.ft.com/content/921d0727-4c6e-48fd-a93b-5234940fe620) + +Which little piggy will be first to the blabber mouth trough to cut a deal with the SEC? Who knows! But stay stune for an update on OINK! OINK! TV. Same Piggy channel and same Piggy time. 🐽💩 +I just can’t fathom spending 20 bucks on just 2 little shots of alcohol when I could’ve just gotten a whole bottle for the same price and get wasted. I just never understood the concept unless you’re rich and have money to waste on literal sips of alcohol. Is it just me? Maybe I’m poorer than I thought because I never go to bars ever. +Greetings, I have a question about these listing app/sites. Is it possible to filter by properties that have been listed, didn't sell, and then were removed? Or if that's not possible is there another way to find properties like that? +I put a down payment on a new build in early March . Since then we’ve watched the prices shoot up drastically. There were 19 lots available. As soon as the lots were opened we bought one . After that ,three more were sold . Then our home builder and other builders in our area froze all new orders last week . We locked in our build on March 5th . We’ve been to all the meetings and have our blueprints . They start digging June 1st . Why have they stopped selling the other lots? Why have the other builders in my town stopped as well? Is there things I should be aware of ? +If this is not allowed I apologize. Please just delete and I will figure out. + +Today I was going through some budgeting sheets for myself and decided to try an app to assist me with it. I started using an app that I had tried before. It was already connected to the appropriate accounts and had my credit score listed. Under the credit score items it listed all my open account, but one of them stood out. In 2015 I went to look at rings with my then girlfriend. Just to look. The associate asked my name and that was it. I found that they started a credit account in my name so I contacted them asking for it to be removed/closed. They did, but a few years later I found out that was a lie. I asked again more aggressively and got the same treatment. Like I said above, the app shows me it is still open. + +Would it be best to remove it even if it is sitting at $0.00? I’ve heard removing account can affect credit scores. + +Does this sound fishy? If so which avenue should I go down to address it. + +Again thank you! +I’m 20 years old and make around 20,000 a year ($14 an hour). I have 7,000 saved up right now. Should I really be trying to invest now when I only make so little? I wanted to invest 6,000 into my Roth IRA and also play around in the stock market by buying low and selling high. Can someone with experience give me some detailed insight? Feel free to ask questions because I really want to know!! +I graduated college with a marketing degree at 23, found a job within 6 months working for an agency. I make under 40K a year with ZERO benefits (contracted) other than PTO on major holidays + an extra five days of PTO out of the year with no incentives for increased pay (other than semi-annual performance review). The experience is pretty good, though. Thankfully my state is continuing state insurance until the pandemic ends, but after that my insurance is gone. + +I save roughly 80-90% of my paycheck since I live at home, so in some sense (*glass half full, right?*) I make more than others in terms of 'disposable' income. I am currently transferring my savings to a different higher-yield HYSA (high-yield savings account) but as of late the APY in most HYSA is garbage (1% or less). + +Other than finding a different job (I've only been here only a handful of months; I'm still gathering beginner experience), what would you do? Roth IRA? I'm not too confident in my own management of investing, so possibly an automated investing platform? What percentage of my gross or net income should I put into it? I'd like to buy a house within the next two years when I hopefully make a livable annual income. I've got roughly 30K+- saved at the moment. Houses in WA are roughly 300-400K+ for something newer, so I plan to put down around 20%. +Me and my friend are sophmores in college so we honestly have no real concept of money. We are having an argument, I guessed 100 grand and he guessed 75 grand (before tax). We live in Ohio so I think we have a pretty low cost of living I believe? + +Help us settle this debate +As the title suggests, I grew up in a rural community and my family is working class (perhaps low middle class solely based on the rural area). We didn't have much money for vacations or "extras," but my brother and I were able to live a good life growing up. Neither of my parents have much in way of retirement funds or savings. My mom drives a 18-year old vehicle still. + +I will soon graduate from law school and have a six-figure job lined up. Since I have never really had much money, I have all these things in my head that I want to do (e.g. get a nice car, travel places, etc.). However, I also know that I should be smart with my money. Just for some background, I have a good chunk of student loan debt, but not unmanageable. I also have some credit card debt (around $7K by the time I graduate). + +Has anyone here had a similar socioeconomic transition, and what advice do you (any of you) have? Also, given the fact that many legal employers expect you to make large purchases that signal your "status," how do I avoid falling into this trap? Any and all advice is much appreciated, thanks! +Hey all, I've been trying to figure this out but need some help wrapping my head fully around it. If this isn't the right sub I apologize. + +I have ~60k saved up to buy my first house, and have been looking in the 250-350k range. Does it make sense to buy a house now while rates are low or wait for prices to drop in the next few years when (assumedly) the rates will be higher? + +I'm currently renting a place from a friend of mine with a crazy good deal, so I'm in no rush to buy but I'm at the stage of my life that I'd prefer to have a place of my own. Not looking for explicit advice since of course we don't know the future holds, but more just a gentle guide of what I should be thinking of when making this decision. I've got a bit of anxiety about the whole thing. + +Thanks in advance! +-Natt + + +Edit- just wanted to say in a blanket statement that I really appreciate everyone's insight into this :) it gave me a lot to think about, plus I have an excuse to make a spreadsheet. Thanks everyone! +Windfall 150k to retirement + +Looking for advise on what to do in my current situation. I’m 29 years old and just sold my home and have 150k in my bank account. All my debt is paid off. I live rent free and want to be retired in 18 years. + +My monthly income after taxes is 5000 and my expenses are 2000, so I can save up to 3000 a month. I have no retirement account yet created and my employer does not offer a 401k. So I want to open a Roth IRA for me and my wife but after that I’m not sure which direction to go. + + +What do I have to do to retire in 18 years? What accounts to allocate my windfall of money and what type of savings plans should I get on to reach my goal? + +My expenses are high because I have kids. +The company is \~88.7% owned by AMTD, a sketchy Hong Kong-based underwriter we at Hindenburg Research have written about previously. + +https://preview.redd.it/rgq5130jxcf91.png?width=848&format=png&auto=webp&s=e3938e8a18b4add8e25df5322af0b743591fe808 + +Every IPO we could find that was underwritten by $AMTD has collapsed. Its new issues have regularly been accused of serious fraud. In several instances, IPO proceeds were routed back to AMTD through suspicious bond deals. + +https://preview.redd.it/k0uvrcmmxcf91.png?width=690&format=png&auto=webp&s=bc92325550026b7d02ff205b92de96e48a474652 + + AMTD has been repeatedly accused of serious fraud domestically in Hong Kong. As is all-too-common, the firm has found a welcome home in the U.S. where it continues to list absolute trash on our "premier" exchanges. + +https://preview.redd.it/ocikz01pxcf91.png?width=679&format=png&auto=webp&s=3eb77416ff0ea92aa4714c261af9a7582dea9efd + + HKD and AMTD are now spiking in what is surely a mega squeeze. We have no position in either and have just been watching the madness from the sidelines. + +However, we find it deeply troubling that serial facilitators of fraud can disrupt our markets completely unabated. + +Source: [https://twitter.com/ClarityToast/status/1554532410238402560](https://twitter.com/ClarityToast/status/1554532410238402560) + +Hindenburg Research says that AMTD Digital, Inc. (HKD) is 88.7% owned by AMTD, a Hongkong based underwriter that has history of Fraud, Self-Dealing and IPO Flops. + +HKD is up 10,000% since it's IPO on July 15 and Hindenburg says that this is surely a mega squeeze. + +Do you agree? +Here now scouting the place as a possible retirement spot. [Penang](http://static.asiawebdirect.com/m/kl/portals/penang-ws/homepage/pagePropertiesImage/penang.jpg.jpg) is an island off the coast of Malaysia. Intel, Western Digital and other electronics giants have major manufacturing facilities here. Many pharma companies here too. Although most of the population is either ethnic Chinese or Malay, English is widely spoken and you can do pretty much any day to day activity here without having to rely on a different language. The island has good infrastructure, good hospitals with Western educated doctors, it is safe, clean and relatively organised. Only downsides I've seen so far are the Mosques blasting the call to prayers, but should not be an issue if you rent a place away from them. Public transportation is also limited, but Uber and Grab are cheap so that it should not matter. A 10 mile car ride goes for about US$4-5. Alcohol is also heavily taxed, but since I don't drink, not an issue for me. Here are my estimated monthly expenses if I were to retire here today: + +- [RENTAL (Luxury 1200 sqft apt near the water) - US$950](http://www.propertyguru.com.my/property-listing/sunrise-gurney-for-rent-by-rex-tung-13586801?ref=ls%7C%7C5%7C1) +- Health Insurance (2 people/no deductible) - US$142 +- Utilities (heat, water, electricity for 1200 sqft unit running AC 24/7) - US$150 +- Internet (500Mbs) - US$70 +- 4G mobile plan (2 people) - US$75 +- Groceries for 2 (grossly overestimated) - US$500 +- MISC. expenses - US$500 + +TOTAL - US$2,387.00 + + +Please note that this is my estimation for a luxury lifestyle, with lots of imported groceries and miscellaneous expenses. People with more modest living requirements can do a lot better. Let me know if you have any questions. +--------------------------------------------- + + +*EDIT*: To the folks who are commenting that there are cheaper places in Asia, such as Thailand. Yes, you are absolutely correct. Those places also tend to politically unstable, the infrastructure is nowhere near as developed or as reliable as in Malaysia, crime rate is significantly higher and English is not nearly as widely spoken. There are many places in Southeast Asia that are much cheaper than Malaysia if you are willing to accept the trade offs. There is no right answer. It is a matter of personal preference. + + +My friends want to buy a flat to live in 3-5 years before upgrading to a house. Would they be better off saving in a LISA for 5 years and buying the house? This would be their first home purchase. +35M DI2K $8M liquid net worth including ~$2M in a Roth. Homeowners with no mortgage, but probably would upgrade in 5ish years. We both work still but I shifted down a gear to a new role. $250K total comp for both of us. + +At what point does it make sense to stop contributing to 401K’s? We don’t have an RE number yet, and mostly spend what we make at this point. Hoping to hit our number before 40. Doesn’t feel like saving aggressively makes a big difference when compared to investment gains +So my only income is my va disability I'm not allowed to work. I have never put money away in a 401k or anything like that. What is the best way for a veteran with only a disability paycheck to save for later in life? I'm mainly worried about the government putting a stop to veteran benefits in the future and don't want to be old and have 0 income and no plan B. I have done some research and cannot find any info on saving plans for disabled vets or anything of that sort. My parents were not good with finances and well I'm slowly learning, better late then never I guess. +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. +I'm starting to get into investing and want to eventually write a script for automated day trading. I'll admit I just started learning about stocks and finance but I have an extensive quantitive background. Here's my model: + +Over short timespans it seems like there is highly periodic motion (assuming no big news gets announced). If the price at a given time is P(T), the price fluctuates and eventually hits P(T) again. We'll call this is one cycle. the time it takes for the price to hit P(T) a second time will likely be different, so this is the second cycle. [This image demonstrates what I'm talking about. Each blue dot is one cycle (the time for the price to get back to some initial value, in this case a little over 734). Note each cycle has a different length](https://imgur.com/a/JnYbQjs) +Decomposing the price over each cycle into the frequencies that make it up should give you the weightings of each frequency. If you average these weightings over many 'normal' cycles (I say 'normal' because this only works in the absence of any big external factors that affect price like a big news announcement) you should get a Fourier series that closely resembles the average price. + +But we're not done yet since the phase of these frequencies also matters. The phase of the frequencies completely change the price curve so if our frequencies don't have the right phase this is all pointless. We need an invariant quantity that we can use for doing calculations. This is the RMS. + +**This is about to get math heavy so you can skip this paragraph** + +Since one cycle is defined as the time for a given price to fluctuate from an initial value back to this initial value, the frequencies that make it up are harmonics. **The RMS of a wave doesn't change when the composite frequencies are phase shifted only if the composite frequencies are harmonics**. Each cycle is of a different length, so each cycle will have a unique RMS value. Note: the the total RMS will change if the phases change but the RMS for each cycle will not. Going from RMS->phase gives us 2 solutions since sin^2 (t)=(sin(t))^2 =(-sin(t))^2 + + +**Putting it into practice** + +Say we find these Fourier weightings over the past week, now we want to predict the future price. We wait a little bit for the stock price to fluctuate, this allows us to 'hone' in on the phase of some of the frequencies. Now we have an estimate for the phase of some of the frequencies, if the RMS increases over time it means lower frequencies are 'mixed' in. If the RMS decreases over time it means higher frequencies are 'mixed' in. This means for any non-constant RMS we can 'hone' in on the frequencies and weightings. To find the phase we just have to test 2 possibilities, Asin(t+φ) and -Asin(t+φ). 'A' and 't' and knowns so we just find φ. The longer we wait, the more accurate this becomes (again, assuming no outside influences) + + +This is way longer than I expected, I'm just looking for flaws in this logic. I know stock price doesn't behave nicely like these models but over short timespans I think this is a good approximation. +Hi all - I'm cross posting this thread from another sub since I think that the fine users of this one may also be able to help me out, hope that's ok :) + +Here's my brief bio: I got my BS/MSc in Economics, then became a professional gambler for 5 years. Professional gambling involved a lot of researching/looking for edges, statistical analysis and modelling, execution (getting the money down), quick thinking, etc. I'm now looking to move onto something new and gonna go back to grad school for a more technical degree at the intersection of CS/ML/stats/applied math. + +Before I invest too much into anything I'm trying to get a taste of different subjects to see how I'd enjoy working in them. Quant trading/buy-side finance is something that a lot of good professional gamblers are also interested in, and from what I've heard/read the mentality can be very similar. + +I've already found a course to get a taster of ML ([fast.ai](https://fast.ai/)) and there are many courses to get a taster of CS (Harvard's CS50 course, some free 'build a web app' courses). I was wondering if anyone could suggest something similar for the world of quantitative/algorithmic trading? Basically a course that gives me some exposure to the mindset, subject matter, tools, by giving me a taster. I already have some basic programming knowledge (taught myself Python and Java), and I think my stats/math is decent from the econ degrees (+ the gambling) - so the course can assume that. + +Some options I've thought of: + +* [http://pages.stern.nyu.edu/\~adamodar/New\_Home\_Page/equity.html](http://pages.stern.nyu.edu/~adamodar/New_Home_Page/equity.html) \- Valuation class by Damodaran +* [https://www.udacity.com/course/machine-learning-for-trading--ud501](https://www.udacity.com/course/machine-learning-for-trading--ud501) +* [https://ocw.mit.edu/courses/sloan-school-of-management/15-433-investments-spring-2003/](https://ocw.mit.edu/courses/sloan-school-of-management/15-433-investments-spring-2003/) Although may be too academic/old? + +Thanks in advance! +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/n4z0ln\/releasing\_short\_selling\_fact\_sheet\_early\_just\_for\/?utm\_source=share&utm\_medium=web2x&context=3](https://preview.redd.it/wbnt113lc8x61.png?width=759&format=png&auto=webp&s=ce34c580982087cacc5451558f5ec69a6a3384cb) + +This is about the **upcoming House Financial Services Committee hearing on Thus in which the SEC Chair Gary Gensler** will be there. They ask apes for opinions on what should be **an important discussion of issues** and so far there're almost zero input. Come on apes!!! + +Link to their post is right below: + +[https://www.reddit.com/r/Superstonk/comments/n4z0ln/releasing\_short\_selling\_fact\_sheet\_early\_just\_for/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n4z0ln/releasing_short_selling_fact_sheet_early_just_for/?utm_source=share&utm_medium=web2x&context=3) + +Edit: Posted an actual link to the post instead of embedding it into a text. I didn't realize some apes would not click on an embedded link. +I'm curious to hear about some of your paths to senior leadership and executive management positions. + +What would be some of the key steps and things one can do to get the right training and experience to elevate? Are there specific things someone needs to achieve and have or is it mostly just finding a senior executive who can champion for on their behalf? + +Are executive coaching and counseling (either internally or externally) useful? + +About me - I am late 30s, middle management (Director) at a HW tech company and trying to outline steps for me to get to the senior leadership quickly. I feel like an imposter since I feel like I should know this path and answers to these questions already. So I am trying to get a conversation going here to thing through some of the things in my head. + +I get that it's not directly fatfire related but hopefully still relevant for career growth. +Post the crazy high results (with links) and the ones that didn’t sell or went for cheap. + +It seems from my research things are flattening out from the crazy highs of a month ago but I’d like to see more data +Post the crazy high results (with links) and the ones that didn’t sell or went for cheap. + +It seems from my research things are flattening out from the crazy highs of a month ago but I’d like to see more data +As retirees without pensions, but with sizable IRA balance (husband’s is $4.5m), we are contemplating moving Traditional IRA to an individual 401k for better protection against creditors/ lawsuits. Are others thinking about, or have done this? I understand that Roth IRA is not eligible for such rollover. +The printer is back! ATH we go.. + +https://www.google.com/amp/s/www.cnbc.com/amp/2020/06/15/the-fed-says-it-is-going-to-start-buying-individual-corporate-bonds.html + +The Federal Reserve is expanding its foray into corporate credit to now buy individual corporate bonds, on top of the exchange-traded funds it already is buying, the central bank announced Monday. + +As part of a continuing effort to support market functioning and ease credit conditions, the Fed added functions to its Secondary Market Corporate Credit Facility. + +The program has the ability to buy up to $750 billion worth of corporate credit. Its March 23 initial announcement is largely considered a watershed announcement for the financial markets, reeling from the coronavirus threat spread. + +Under the latest guidelines, the Fed said it will buy, on the secondary market, individual bonds that have remaining maturities of five years or less. Those purchases will go along with the ETFs the Fed already has been buying, which are balanced towards investment-grade indexes but also include some junk bond funds that track debt which had been investment grade prior to the crisis but had been downgraded after. + +The intent of the individual debt purchases will be "to create a corporate bond portfolio that is based on a broad, diversified market index of U.S. corporate bonds," the Fed said in a news release.  + +"This index is made up of all the bonds in the secondary market that have been issued by U.S. companies that satisfy the facility's minimum rating, maximum maturity, and other criteria. This indexing approach will complement the facility's current purchases of exchange-traded funds," the statement said. + +Issuers must have been rated BBB- or /Baa3, depending on the agency, as of March 22, just before the Fed announced its credit facilities.  + +The Fed has yet to launch its Primary Market Corporate Credit Facility. As the name implies, that program will entail purchases in the primary market, or the direct issuers, with the Fed being the sole investor. In addition, the primary facility will target syndicated loans and bonds at issuance. +I used to have 6.4 shares of tesla and I sold 3 shares when it was at $850, so now I have 3.4 left. My profit for it is $1,084. Total market value is $2,256. Should I take the $2,256 and put it into 2-4 dividend stocks, or just keep the money in tesla? What’re your opinions! +Hey guys. I started trading just under a year ago and have blown many small accounts due to no money management, basically gambling, psychology was all over the place. + +I thought there would be no way out but something seems to have clicked the last few weeks where I told myself, right, I'm going to actually stick to risk management this time and build my account slowly. My problem was I was good at reading the charts, my psychology and patience was all over the place. + +Now I am seeing waaay less losses and also ending each week in small profit which is fantastic for me. And also holding positions through pullbacks and times of uncertainty + +I truly feel I've come out the other side and I could not be happier. + +Any similar stories of new traders going through that period of blowing accounts and just it being an absolute mess, then finally one day you just cop on? L +Guten Morgen (¡y hola!) to this global band of Apes! 👋🦍 + +Apes, events truly feel like they are coming to a head. Last week we saw some serious jolts to the markets, along with many indicators that we are about to start seeing some enormous institutions start to fall. I can't decide if the housing market or the total return swaps will be blamed for the crash, or if it will be Evergrande or another factor. Whatever it is, I expect it to be very impactful, and it very well might trigger margin calls that get the MOASS going. + +Whatever happens, I am completely at peace with my HODLings of GME at ComputerShare. No matter what banks go insolvent, which brokers go broke, ComputerShare is going to have every share safely held in my name. As we continue to look forward to next months' annual meeting and the results of the vote, it is comforting to have such security in the face of so much uncertainty. + +Today is Monday, May 2nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$124.62 / 118,23 €** *(volume: 502)* +- 🟩 115 minutes in: $125.22 / 118,81 € *(volume: 457)* +- 🟥 110 minutes in: $125.16 / 118,75 € *(volume: 315)* +- 🟩 105 minutes in: $125.17 / 118,75 € *(volume: 314)* +- 🟩 100 minutes in: $125.16 / 118,75 € *(volume: 308)* +- 🟥 95 minutes in: $125.05 / 118,64 € *(volume: 308)* +- 🟩 90 minutes in: $125.14 / 118,72 € *(volume: 306)* +- 🟥 85 minutes in: $125.06 / 118,66 € *(volume: 297)* +- 🟥 80 minutes in: $125.07 / 118,66 € *(volume: 290)* +- 🟩 75 minutes in: $125.19 / 118,78 € *(volume: 277)* +- 🟩 70 minutes in: $125.15 / 118,73 € *(volume: 276)* +- 🟥 65 minutes in: $125.08 / 118,67 € *(volume: 276)* +- 🟥 60 minutes in: $125.20 / 118,79 € *(volume: 270)* +- 🟥 55 minutes in: $125.33 / 118,91 € *(volume: 265)* +- 🟥 50 minutes in: $125.37 / 118,94 € *(volume: 205)* +- 🟩 45 minutes in: $125.46 / 119,03 € *(volume: 204)* +- 🟩 40 minutes in: $125.43 / 119,00 € *(volume: 204)* +- 🟥 35 minutes in: $125.41 / 118,98 € *(volume: 199)* +- 🟥 30 minutes in: $125.42 / 118,99 € *(volume: 194)* +- 🟥 25 minutes in: $125.42 / 119,00 € *(volume: 182)* +- 🟩 20 minutes in: $125.44 / 119,01 € *(volume: 181)* +- 🟥 15 minutes in: $125.36 / 118,94 € *(volume: 152)* +- 🟩 10 minutes in: $125.37 / 118,94 € *(volume: 109)* +- 🟩 5 minutes in: $125.32 / 118,90 € *(volume: 109)* +- 🟩 0 minutes in: $125.19 / 118,78 € *(volume: 51)* +- 🟥 US close price: $125.07 / 118,66 € *($124.90 / 118,50 € 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 1.054. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I've mentioned this stock quite a few times on Reddit threads before on other subs but think it deserves it's own post now... + +So to start this off, I've been holding this stock for about 1.5 years and have been buying more along the way for it to now be one of my largest holdings. To keep it short... it's an oil and gas exploration company with a block in Zimbabwe (the first oil and gas project in the country). The block was owned many years ago (early 1990s) by Exxon and so it already has about $30M worth of seismic and studies completed on it to identify what is estimated to be one of the largest undrilled structures onshore anywhere in the world (this is significant as it's a lot cheaper to drill onshore than offshore). All of this technical work was passed on to IVZ now. Exxon left the country many years ago due to the political instability, which is thankfully no longer an issue. + +The last 6-12 months on this stock has been a waiting game, waiting for the Production Sharing Agreement to be finalised and signed by the government. We have had some hints lately that it is getting close and now Zimbabwe media are reporting that it is only a week or two away ([https://www.theindependent.co.zw/2021/03/12/govt-invictus-settle-profit-sharing-deal/amp/?\_\_twitter\_impression=true&fbclid=IwAR2NMOCw21p1Xhs2xNp5Wwn3w5pKJsK9ZZZB4GwPLkBBpuQSm-vkicZC3fk](https://www.theindependent.co.zw/2021/03/12/govt-invictus-settle-profit-sharing-deal/amp/?__twitter_impression=true&fbclid=IwAR2NMOCw21p1Xhs2xNp5Wwn3w5pKJsK9ZZZB4GwPLkBBpuQSm-vkicZC3fk)). I would be surprised if there is not a speeding ticket coming Monday if no announcement by the company addressing this article. It will run hard. + +The stock has also caught the attention last week of The Next Oil Rush ([nextoilrush.com/2150-will-ivz-repeat-run/](https://nextoilrush.com/2150-will-ivz-repeat-run/)) and they are tipping another 2000% run leading up to drilling, which is likely to occur late 2021. + +IVZ today is only sitting at a $50M market cap with the following big newsflow items coming up: + +\- PSA signature by government (this sets the legal and fiscal framework for the project and basically gives it the all clear to go ahead). Massive de-risking news, likely to be announced in the next week or two. I'd expect this should send the stock to 15-20c... + +\- Farm-out 50% of the project to a large oil company in exchange for free carried drilling of 2 wells, some seismic and back-payment of previous costs. They already have a non-binding farm-out agreement in place and I bet it is just conditional on the Production Sharing Agreement being finalised... so once the PSA is signed, I'd expect farm-out to occur shortly after. Again, this is a huge de-risking event and will send the share price flying or at least support the run after the PSA signature news. + +\- Seismic activity is expected to start in April. This will help them improve on the previously shot seismic to better decide where to drill the wells. The drilling targets are already identified using the old seismic that Exxon performed but new age seismic will give even more clarity. + +\- Drilling of 2 wells late 2021. This is the jackpot, exploration stocks run hard in to drilling. Especially when it is an elephant scale target like this one that is onshore and would be super cheap to develop. IVZ already have agreements in place to sell some of the gas once it is developed - it is a starved gas market in this part of Africa and they will need the energy going forward. + +\- If the well is successful and hits oil/gas, we go to the moon. It will be one of the largest onshore discoveries in the continent in a country with a starving gas market. $$$$$$$$$$$$$$$$$$$. + +\- The Zimbabwe government have named this as a priority project. It will be the first oil and gas project in the country so they will not want to mess it up and put companies off investing in the country in future. They have also offered great tax terms (5 year tax holiday, 15% tax rates, etc.) to make it a very attractive development. It pays to be first at the table in Africa because companies that follow will be taking less risk so will not get as attractive terms. + +The best stock for comparison is another exploration company called ReconAfrica, see the below chart for their newsflow and shareprice response: + +https://preview.redd.it/65t9ble64ym61.png?width=800&format=png&auto=webp&s=e53f47508ae5aa6aaa4bcda57c40d7a5d07262ea + +Comparison table between IVZ and Recon shows IVZ is the less risky play: + +https://preview.redd.it/c1ozkpv74ym61.png?width=686&format=png&auto=webp&s=e00394c3cf5837846d219b91ce115944dba0584e + +I work in the industry and in this general region of Africa in particular. I like the stock. +I've mentioned this stock quite a few times on Reddit threads before on other subs but think it deserves it's own post now... + +So to start this off, I've been holding this stock for about 1.5 years and have been buying more along the way for it to now be one of my largest holdings. To keep it short... it's an oil and gas exploration company with a block in Zimbabwe (the first oil and gas project in the country). The block was owned many years ago (early 1990s) by Exxon and so it already has about $30M worth of seismic and studies completed on it to identify what is estimated to be one of the largest undrilled structures onshore anywhere in the world (this is significant as it's a lot cheaper to drill onshore than offshore). All of this technical work was passed on to IVZ now. Exxon left the country many years ago due to the political instability, which is thankfully no longer an issue. + +The last 6-12 months on this stock has been a waiting game, waiting for the Production Sharing Agreement to be finalised and signed by the government. We have had some hints lately that it is getting close and now Zimbabwe media are reporting that it is only a week or two away ([https://www.theindependent.co.zw/2021/03/12/govt-invictus-settle-profit-sharing-deal/amp/?\_\_twitter\_impression=true&fbclid=IwAR2NMOCw21p1Xhs2xNp5Wwn3w5pKJsK9ZZZB4GwPLkBBpuQSm-vkicZC3fk](https://www.theindependent.co.zw/2021/03/12/govt-invictus-settle-profit-sharing-deal/amp/?__twitter_impression=true&fbclid=IwAR2NMOCw21p1Xhs2xNp5Wwn3w5pKJsK9ZZZB4GwPLkBBpuQSm-vkicZC3fk)). I would be surprised if there is not a speeding ticket coming Monday if no announcement by the company addressing this article. It will run hard. + +The stock has also caught the attention last week of The Next Oil Rush ([nextoilrush.com/2150-will-ivz-repeat-run/](https://nextoilrush.com/2150-will-ivz-repeat-run/)) and they are tipping another 2000% run leading up to drilling, which is likely to occur late 2021. + +IVZ today is only sitting at a $50M market cap with the following big newsflow items coming up: + +\- PSA signature by government (this sets the legal and fiscal framework for the project and basically gives it the all clear to go ahead). Massive de-risking news, likely to be announced in the next week or two. I'd expect this should send the stock to 15-20c... + +\- Farm-out 50% of the project to a large oil company in exchange for free carried drilling of 2 wells, some seismic and back-payment of previous costs. They already have a non-binding farm-out agreement in place and I bet it is just conditional on the Production Sharing Agreement being finalised... so once the PSA is signed, I'd expect farm-out to occur shortly after. Again, this is a huge de-risking event and will send the share price flying or at least support the run after the PSA signature news. + +\- Seismic activity is expected to start in April. This will help them improve on the previously shot seismic to better decide where to drill the wells. The drilling targets are already identified using the old seismic that Exxon performed but new age seismic will give even more clarity. + +\- Drilling of 2 wells late 2021. This is the jackpot, exploration stocks run hard in to drilling. Especially when it is an elephant scale target like this one that is onshore and would be super cheap to develop. IVZ already have agreements in place to sell some of the gas once it is developed - it is a starved gas market in this part of Africa and they will need the energy going forward. + +\- If the well is successful and hits oil/gas, we go to the moon. It will be one of the largest onshore discoveries in the continent in a country with a starving gas market. $$$$$$$$$$$$$$$$$$$. + +\- The Zimbabwe government have named this as a priority project. It will be the first oil and gas project in the country so they will not want to mess it up and put companies off investing in the country in future. They have also offered great tax terms (5 year tax holiday, 15% tax rates, etc.) to make it a very attractive development. It pays to be first at the table in Africa because companies that follow will be taking less risk so will not get as attractive terms. + +The best stock for comparison is another exploration company called ReconAfrica, see the below chart for their newsflow and shareprice response: + +https://preview.redd.it/65t9ble64ym61.png?width=800&format=png&auto=webp&s=e53f47508ae5aa6aaa4bcda57c40d7a5d07262ea + +Comparison table between IVZ and Recon shows IVZ is the less risky play: + +https://preview.redd.it/c1ozkpv74ym61.png?width=686&format=png&auto=webp&s=e00394c3cf5837846d219b91ce115944dba0584e + +I work in the industry and in this general region of Africa in particular. I like the stock. +Before you all banish me to r/AusFinance hear me out. I've posted this as there was a 2:1 ratio on those who wanted to see this. + +**TLDR:** Potential double digit % dividend yield for July 2020 distribution for ETF:HACK. + +=============================== + +**THE PLAY/Bet:** + +ASX: HACK (that's the ticker code for the noobs, you trade this like any other stock on ASX) + +&#x200B; + +**BACKGROUND:** + +It's a relatively new ETF (2016) purely in the global Cybersecurity sector, Which is currently all the rage with the recent cyberhacking in the news. + +Being an ETF, capital growth is quite slow and gradual, but looking at their previous dividends, and the fact since Covid, everyone has gone to Working From Home and have been requiring cyber upgrades, plus the increased media content about cybersecurity, HACK(and it's companies that it represents) will be most likely benefiting greatly from it. + +&#x200B; + +**WHY:** + +Judging by the graph Pre-Covid it was on a very strong uptrend, and is heading back. With Covid, undoubtly these Cybersecurity companies that make up the HACK ETF would have seen large increases in revenue, thus, more profits, leading to today's r/ASX_Bet: Large % Yield Dividend payout. + +Previous Dividends: + +July 2017: 14.35c per share (2.8% yield) + +July 2018: 31.67c per share (5.85% yield) + +July 2019: 69.36c per share (10.27% yeild) + +**July 2020: ?$$? EDIT: DIVIDEND Price 79c per share.** + +Today's (23/6) Open Share Price is: $8.18 per share. + +**NOTES:** + +Key Dates (based on previous years, dates may change): + +Estimated Distribution Annoucement Date: 26 or 29 June + +Ex Distribution Date: 1st July + +Record Date: 2nd July + +&#x200B; + +&#x200B; + +**WHAT DOES THIS MEAN?** + +It means you need to have purchased HACK and have it SETTLED (T+2, 2 days) by the 1st of July, or you will not get this dividend. So buying into HACK by **Friday 26 (latest)** and continue hold till the record date, you'll be fine. + +QUOTE: "You must be registered as a unitholder of a Fund as of the Record Date to be eligible to receive a distribution. To be eligible, you will need to have purchased your units prior to the Ex Distribution Date, for the transaction to have been settled and for your unit holding to have been entered on the register as of the Record Date. " + +PS: If this does not play out, at least you will be holding on a future-proof stock that will continue to give you gains, instead of another falling knife like others we have seen lately. + +====================== + +I know there's going be some haters, but I don't give a shit save your breath, this sub has barely any content, the mods were right about the current state of this sub. + +DYOR. +>Wood’s main exchange-traded fund, which trades under ticker ARKK, fell 12.6% this week, for its worst week since February. Ark Innovation dropped 5.5% on Friday. + +She also said "her strategies are set to quadruple over the next five years, after their underperformance this year." + +Do you buy into that? Or you taking Anti Ark path? +Let's say a stock is currently trading at $7 so you buy a bunch of call contracts with a strike price of $8 with an expiration date a month and a half out. Then after that let's say the stock skyrockets to like $14 or $15. Generally this would be a very good thing obviously but would you have trouble selling to realize your profit? Because how many people are trying to buy call contracts that are that deep in the money (Strike of $8 when stock is trading at $14 or $15). +Background: completed a barebones computer science major at university, as well as having a fair bit of maths and stats classes (11 all up between the two). Have done a machine learning course based in python. + +I've just started setting up my own system for cryptocurrencies. I'm not sure what I want to achieve yet - at the moment I'm just trying to get constant prices from different exchanges into a good database and see what I can do from there, there are surely so many inefficiencies in this market so I'm open to anything really. I have about 13 weeks of being COMPLETELY FREE (uni holidays) to dedicate to this, and I'm pumped. + +My main question is about stability: I worry that I'll program something that works well under ideal situations but then crashes. I've only done basic testing in classes, and never really worked on a big system. Is achieving stability as hard as I think it is? + +Any advice at all is appreciated. I'm trying to do most of it in python and mostly by looking up tutorials, and I want to build the code myself (for fun). Thanks! +Hello, im from Greece and i want to do a MSc abroad in CS (Machine Learning) or Maths (Quant Finance). Im currently studying CS and i would really like to get involved with quantitative trading. + +UK is probably the best choice atm but im really confused with Brexit so i think im gonna stay in continental EU. + +Netherlands has a lot prop trading/HFT/market making firms in Amsterdam. + +Switzerland has some very big commodity trading firms and hedge funds and lately has become a crypto hub. + +France, Germany and Luxembourg might have some quant stuff going on too but i dont know much. Any ideas/opinions/thoughts? Please enlighten me!!! +Hey guys, I'm learning algo-trading and I'm trying to select a good backtesting framework/library. I'm already familiar with python, so I would prefer this to be a python library - but not a hard requirement. + +From the research that I've done, it seems that some of the top libraries are zipline, backtrader and pyalgotrade. Unfortunately, it doesn't seem like any of these projects are actively maintained on GitHub anymore. + +Side-note: out of these 3, I like the look of backtrader the best because of it's simplicity. + +Does anyone have some other python backtesting library recommendations? Or perhaps there are active forks of these projects that I don't know about. + +All feedback is greatly appreciated. Thanks! + +&#x200B; + +Edit 1: I should clarify that I'm primarily looking to backtest stocks. I would still be interested in libraries that target stock options or cryptos though. +Digital Yuan is completely trackable, controllable and reprogrammable by the Chinese government. It will be used the monitor the purchases and wealth of the people. You purchased the wrong book, invested in the wrong Crypto, sent a bigger amount of money to someone with opposing political opinions to the CCP? Better be lucky they didnt notice. The Chinese Government is a fool for thinking that the citizens wont notice their plans. This might backfire and bring more people to use the true power of Crypto, shifting power away from the CCP. +It’s been talked about in here before for a short minute but now the project has gone LIVE and it has sold out 250 BNB for a BRAND new project with barely any shelling it’s time to talk about it again. A cool project with a very transparent dev and a good ass looking website. Martian! + +&#x200B; + +In 24 hours the telegram has grown 800 members now coming up to 1.1k members! The growth this coin has been having so far is insane. With a 100k market cap the potential is huge. Developer has renounced ownership of the coin and the dev wallet is locked for at least 3 months so people don’t have to be scared of an dev dump. + +&#x200B; + +What is Martian you might ask? Glad you asked! + +&#x200B; + +Martian is an fun, engaging, community-driven project. Using tokenomics tried-and-true HODLERS of MDAO will take advantage of frictionless farming token that employs 3 simple functions: Reflection + LP acquisition + burn. For each trade, the transaction is taxed at an 8% fee, which is split 2 ways. 4% is redistributed to all existing holders + 4% is split 50/50 of which half is sold by the contract into BNB whilst the other half of the MDAO tokens are paired automatically with the previously mentioned BNB and added as a liquidity pair on Pancakeswap to ensure the LP pool keeps growing. + +&#x200B; + +MDAO is a themed-based crypto game, an experimential project with the goal of building a martian army. Every two weeks Martian DAO will release an exclusive pre-sale which for the purposes of MDAO will be called missions. For example our first mission after launch will be mobilization. The pre-sales rolled out by Martian DAO are designed to be fun but high-risk, high reward projects. The goal of the projects are: + +&#x200B; + +1: To build the martian community and strengthen our army for future missions + +2: Raise capital to be used for BUYBACKS and BURN events. Team expansion and marketing aswell. Some future plans also include a launchpad for the public to create their very own missions. + + Website: [https://www.martiandao.net/](https://www.martiandao.net/) + +Twitter: [https://twitter.com/MartianDAO](https://twitter.com/MartianDAO) + +Telegram: [https://t.me/MartianDAO](https://t.me/MartianDAO) + +Discord: [https://discord.gg/7Fqv5xvx4U](https://discord.gg/7Fqv5xvx4U) + +Contract: [https://bscscan.com/token/0x904d7Ac5d005d16DBDc69f713D029e3C1800F8Ca](https://bscscan.com/token/0x904d7Ac5d005d16DBDc69f713D029e3C1800F8Ca) + +PLEASE DYOR. This is an experimental fun coin so PLEASE don’t invest more than you can lose! +***EDIT 3: Weekly report and Medium article on Polygon Partnership:*** + +[https://cryptorubic.medium.com/rubic-weekly-report-02-19-d7fd64d33045](https://cryptorubic.medium.com/rubic-weekly-report-02-19-d7fd64d33045) + +[https://cryptorubic.medium.com/polygon-and-rubic-are-expanding-their-partnership-4d3d6fdc7ac2](https://cryptorubic.medium.com/polygon-and-rubic-are-expanding-their-partnership-4d3d6fdc7ac2) + +***EDIT*** *2: Anonyimzer is coming and being worked on. Super bullish and huge for so many countries. Link to the tweet today:* [*https://twitter.com/CryptoRubic/status/1361407432367472643?s=20*](https://twitter.com/CryptoRubic/status/1361407432367472643?s=20) + +***EDIT***\*: Posting some comments below on the Volatility of RBC and L2 comments from a resident RBC whale.\* + +Hi folks, it's snowy here (finally) and I couldn't be happier :) + +Rubic is currently following it's trendline - it's been holding this for the last month. An uptrend. We are currently sitting at around 37 cents USD. 33-37 cents IS the bottom over the next few days - then 40 cents will be the bottom as we follow the trend line. + +There was a surprise AMA this past Friday with Polygon (matic) to discuss Layer 2 solutions, and how the tech works. They also confirmed a partnership with Polygon during this AMA, and Polygon has stated they will start to Promote RBC. This is good. + +The team is launching their marketing campaign in Korea and China this upcoming week. That should give us a wider audience outside of the NA reddit and BIZ. Anonymous trading is coming to RBC very soon - and this will be a big selling point to people in those countries. + +# The current timeline for updates: + +* \- Stop limit order book via chainlink coming on the 25th +* \- Some slight UI changes to add uniswap and 1inch prices - allowing you to trade a coin using the best price available on the market +* \- At the end of this month the team will start to approach exchanges, and top exchanges (this means Binance) +* \- The CEO's other project is already on Binance, and has been partnered with binance smartchain for sometime. +* \- The team is shifting it's focus to Layer 2 solutions. They will be using polygons protocols to help with GAS, while they focus on developing their own L2 solutions. +* \- Cross Chain swaps are coming +* \- Parachain is already implemented +* \- Website UI overhaul and QoL changes are on it's way (this is a big one IMO) + +The RBC exchange is setting out to basically unify all the dexes into one space, allowing the user to trade with lower GAS fees (and currently no trading fees exist as it is). Anonymous trading will also be huge, as trading on RBC will not leave a mile long record on your metamask. This coming soon as well. + +It has a low marketcap, low supply , a dev team who has been in the crypto space for over 3 years and already has a working product (Mywish). Mywish helped to launch projects with NEO, EOS, WAVES and is partnered with Binance chain. + +Currently the RBC exchange has a Binance chain paraswap function. + +If you were thinking of getting in - do it over the next few days as we crab along the trend line upwards. Over the next month or so (without altcoin season money), we will start to move back to the 1 dollar range and more. When alt coin season comes hard - who knows where we go! + +# EDIT: + +I'm going to paste something that one of our Rubic Whales said in telegram today regarding L2: + +>***"The way L2 works (for any L2 not just matic) is that you have to on ramp your eth to the L2... This means paying the eth gas fee once initially (because ETH is garbage) to get into L2. Once you're inside the L2, you will then be able to trade whatever you want (as long as the tokens are listed on the layer) as much as you want for no fees. Using an outside party L2 means you are at the mercy of that tokens listing process...*** +> +>***So during the AMA, matic VP mentioned they have 120+ tokens pending to be listed. Rubic will be using the matic L2 so whatever tokens are available on the matic L2, you can trade for. When you "cash out" back to ETH, you will pay the eth gas fee because you're going back into L1 eth protocol at that point. What rubic wants to do is (long-term) build their own L2 so that they have control of what tokens are listed on the L2 protocol and not be hindered by whatever tokens matic has listed. This way, rubic has control of the tokens that can be worked with via L2 for low fee costs. Rubic is attempting to bring the same features of a CEX essentially... But to a dex with no KYC involved.*** +> +>***Also, making it anonymous adds a new layer on top of that. It's a real game changer. People who say 1inch has limit orders already do not understand the technical side of it clearly because all those "limit orders" are just what rubics order book is. It requires two parties to fill the contract manually. The limit orders on rubic will be true limit orders that you're used to on a CEX."*** + +# EDIT 2: RBC, FUD and Volatility. + +There's a reason people often cite chainlink when talking about RBC - and it has nothing to do with similarities in the projects themselves (they are completely different), but more to do with price action and coordinated FUD. Back in 2017 I had over 4000 link, and i sold at 30 cents due to 4chan, telegram and reddit FUD. I'm never making that mistake again. + +The last 3-4 weeks, RBC has had fake discord pics posted around 4chan and reddit. Fake Fiver ads doctoring pictures of the devs. The amount of FUD has been endless. Why? Because people want the price to drop, to buy in. + +We also have a daily issue while crabbing between updates or announcements where the price is manipulated by whales and swingers. You can watch the same wallets dump when it's about to pass a threshold (today it's 40 cents). They bring it back to 34ish cents (along the uptrend support line), then let people buy back up to 39 cents, rinse and repeat. This serves two annoying functions: It causes weak hands to sell, and the whales accumulate more. It's annoying, but this will just continue to happen for another couple of weeks until we get in more exchanges, unfortunately. + +During the panic sell of from 70 back to 40 cents last week, none of the top whale wallets sold a dime. In fact they have continued to accumulate. This is good. + +Everyday we continue to grow in holders. Currently we are at around 6,150 or so. The Devs start marketing in Korea and China this week. We definitely need a more general audience invested into RBC, ones that don't read the 4chan fud. I'm very excited to see investors from other countries come in. + +At any rate; + +**DYOR** + +RBC Trend line 4 hour chart: [https://ibb.co/t87g2rh](https://ibb.co/t87g2rh) + +RBC one pager: [https://rubic.finance/assets/pdf/OnePager.pdf](https://rubic.finance/assets/pdf/OnePager.pdf) + +RBC white paper: [https://rubic.finance/assets/WhitePaper.pdf](https://rubic.finance/assets/WhitePaper.pdf) + +RBC Telegram: [https://t.me/cryptorubic\_chat](https://t.me/cryptorubic_chat) + +RBC twitter - follow it: [https://twitter.com/CryptoRubic](https://twitter.com/CryptoRubic) + +You can purchase either through Uniswap or the RBC exchange. + +Cheers! +Dracula Protocol V2 launch is around the corner! We have recently completed an [audit of our V2 contracts](https://solidity.finance/audits/Dracula/) with Solidity Finance, which resulted in no security issues and overall praise for our developers’ abilities. + +With this audit complete, the Dracula team now feels confident enough to move onto the testing phase of our contracts, which will begin with deploying the V2 contracts on the Ethereum Kovan testnet. We will be running a series of stress-tests, but are confident that the functionality of the DRC token will remain unchanged throughout this testing phase and are comfortable releasing details about the planned tokenomics for V2. + +Dracula Protocol V2 will continue to use the DRC token that was used on V1, although the utility of DRC will be much different. + +**DRC Supply Cap:** The DRC token, which can be found on Etherscan at [https://etherscan.io/token/0xb78B3320493a4EFaa1028130C5Ba26f0B6085Ef8](https://etherscan.io/token/0xb78B3320493a4EFaa1028130C5Ba26f0B6085Ef8), will have a capped supply at the launch of our V2 contracts, which will be an estimated amount of 15,000,000 DRC. At the moment of deploying, all DRC minting will be disabled. From here on out, there will never be a new DRC token minted again. Although this can be changed through a governance vote, the Dracula team strongly recommends a hard-cap on the DRC supply. + +**Static Supply:** Although there has been discussion around deflationary tokenomics, we have decided to not follow that path. By not having a percent of our drain allocated to burns, we can use the additional yield to increase the earnings of stakers for our victim pools and our DRC pool. + +**Drain Allocation:** Once every day, our platform will sell underlying rewards for ETH, which is known as a ‘Drain’. This drain will be called by the Dracula team and is funded by a portion of the underlying yields from victims. Going forward, we have plans to integrate a system of nodes to automatically call the drain once certain parameters are met through a strategic partnership. + +Each drain will be distributed as follows: +**85% of each drain** goes to liquidity providers of victim pools, such as SushiSwap or Pickle. These funds are automatically invested into an interest-earning ETH strategy, which will accrue additional yield until each user chooses to harvest their individual earnings. Users can choose to harvest their yields on ETH, *or in DRC,* for any of the pools. If a user chooses to harvest their yields in DRC, then the ETH they have earned is used to buy DRC off the open market at the time of withdrawal. + +**Note:** If a user unstakes within 24 hours from depositing into victim pools, there is a 0.5% fee taken from their liquidity. This is to prevent manipulation of the drain mechanism. + +**3.75% of each drain** goes to stakers in the DRC staking pool. This will be the only DRC staking pool, yields will be in ETH. + +**3% of each drain** goes to liquidity providers of the DRC/ETH pool on {REDACTED}, yields will be in ETH. + +**3% of each drain** goes to liquidity providers of the DRC/ETH pool on Uniswap, yields will be in ETH. + +**3.75% of each drain** goes to the developer fund to help continue the ongoing development of Dracula Protocol, yields will be in ETH. + +**1.5% of each drain** goes to the gas fund to pay for future drains, yields will be in ETH. + +**Note:** After each drain, these rewards are linearly distributed to each user over the following 24 hours, which will ensure consistent yields rather than spiked earnings after each drain. + +**DRC Utility:** The DRC token can be currently staked to earn 3.75% of all ETH that comes from drains. This design ensures that APRs for DRC staking is directly dependent on TVL of Dracula Protocol and the APRs from underlying platforms. + +If Dracula Protocol manages to capture significant TVL from underlying platforms with high APRs, the staked DRC token will have a direct cash-flow to this performance, paid in ETH. This token design is meant to focus on ROI for DRC token holders, where their initial investment to earn a share of protocol performance is quickly outpaced in terms of ETH earned. + +DRC also has voting rights to the future of Dracula Protocol. Going forward, we plan on adding new features to add to the utility of DRC, such as integrations with lending platforms, tokenized staking for composability, and more. + +We believe that the DRC token can be used as an *index token for the performance of the underlying DeFi platforms*, as its returns are directly dependent on APRs for its victims, which are a result of healthy token appreciation from underlying platforms like SUSHI or PICKLE. This functionality creates a synergy between Dracula and its victims and opens the possibility for future collaboration with any of the underlying platforms. + +The implications of the V2 DRC token design are massive and we are truly excited to have this idea come to fruition. Our next update will be at the launch of our V2 contracts on mainnet, where all of the described changes will be live in production. We will also be detailing our ecosystem partners after our V2 launch, which are fundamental to Dracula Protocol, DRC, and the future of DeFi. + +**Keep up with us on our socials for further updates, soon to come!** + +Twitter: [https://twitter.com/DraculaProtocol](https://twitter.com/DraculaProtocol) +The one that's most likely to succeed and compete with SafeMoon I believe is SafeGalaxy. + +SafeMars hit their ATH on day 12 +SafeStar hit their ATH on day 8 + +All coming after being listed on Coin Market Cap + +SafeGalaxy is on day 6 and is not on Coin Market Cap yet. + +&#x200B; + +Prices of each as of this post. + +SafeMars 0.0000000162 +SafeStar 0.000000014 +SafeGalaxy 0.00000000784 + +&#x200B; + +From now until SafeMars ATH around 0.0000001 +SafeMars 6.1x +SafeStar 7.1x +SafeGalaxy 12.7x + + +From now until SafeMoon ATH around 0.00000054 +SafeMars 33.3x +SafeStar 38.5x +SafeGalaxy 68.8x + +&#x200B; + +From my experience, the ones that last have a strong community in discord. +SafeMoon has 17,969 + +SafeMars has 861 discord members, I couldn't find a SafeStar discord and SafeGalaxy has 1,586. + + +SafeGalaxy has almost double the members of SafeMars and is constantly growing, not on Coin Market Cap, and still has a 12.7x from SafeMars ATH and a 68.8x from SafeMoon ATH. I don't think you're going to get another chance to get in this early on a strong community that is growing every day and has yet to see mainstream publicity yet. +Join their discord @ [https://discord.gg/vFeeYYux](https://discord.gg/vFeeYYux) +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. +I saw a post on here a few months back where someone was suggesting this could be a decent covid recovery pick with the high street opening back up and also with schools returning. + +Having seen their recent financial results, the number of store closures and lack of online presence its a bit concerning. + +Anyone have any thoughts on whether or not it's worth a punt? +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. +Hopefully this is good news and they can finally reduce their ridiculous fees and dealing charges to attract new customers. + +https://www.thetimes.co.uk/article/hargreaves-lansdown-hit-by-baby-boomers-fears-q83gkjlg2 +Here's a little company - Tissue Regenix - that can and will probably grow fast starting 2nd half of 2021 when elective surgeries and procedures will resume. + +You can tell I am a fan... (Disclaimer: I bought shares early February at 0.63p average. I tried to post here before but I didn't have enough karma, hopefully this one gets approved). + +Current share price 27 May 2021: 0.65p. + +Pros: + +* solid proprietary products ([dcell](https://www.nhsbt.nhs.uk/tissue-and-eye-services/products/skin/dcell-human-dermis/) for soft tissues, [biorinse](https://www.tissueregenix.com/orthopaedics/overview/) cellright for bone products, [orthopure xt](https://www.tissueregenix.com/orthopaedics/orthopure-xt/orthopure-xt-overview/) etc.) with multiple applicability - orthopaedic, wound care, tissue grafts, bone grafts, dental, heart valve replacement, sports medicine etc. +* Tissue Regenix was co-founded by University of Leeds researchers Eileen Ingham and John Fisher CBE who were [finalists for the European Inventor award in 2018](https://www.epo.org/news-events/events/european-inventor/finalists/2018/ingham.html) for dcell technology (one of TRX's technologies). +* revenues 13 mil 2020- flat, despite pandemic. Elective surgery procedures were cancelled in 2020, but from 2nd half of 2021 should pick up - as surgeries were postponed, not cancelled completely. +* they have started to expand capacity in 2020, to address demand issues they had before the pandemic +* they have FDA approval in the US and CE mark in Europe and are licensed with tissue banks in the USA, UK, and Germany. +* partnered in 2020 with a top 10 global healthcare firm (unnamed yet) for the [launch of a new soft tissue orthopaedic product](https://www.tissueregenix.com/investors/rns/) +* have secured distribution partners in UK (specialist orthopaedic provider to NHS), Poland, and also US - the likes of Arthrex, J&J, ARMS. Even though they are UK-based, US is their main market at the moment but they plan to expand in Europe. +* shares price nicely going up for the past 6+ months +* low debt, enough cash flow for 1-2 years +* [insider buying past 3 months, high % of institutional investors](https://simplywall.st/stocks/gb/pharmaceuticals-biotech/aim-trx/tissue-regenix-group-shares#ownership), VC firms, private companies (including University of Leeds Endowment Arm) +* currently undervalued + +**For more background about TRX products and why the potential, you can read a very detailed great** [**piece of due diligence**](https://www.reddit.com/user/Jessie1991a/comments/krab7q/jessies_first_write_up/) **on TRX by** u/Jessie1991a. She appears to be working in a US hospital. + +**Cons:** + +* small market cap \~ 55million +* outstanding shares \~7 billion (candidate for consolidation) +* not profitable/no dividends yet +* the company was affected by the Woodford scandal in the past, had to refinance +* **(later edit)** u/BoopingBurrito thinks I should also mention here that the [shares fell](https://www.londonstockexchange.com/stock/TRX/tissue-regenix-group-plc/company-page?lang=en) from 30p in 2014 to 0.32p in 2020. + +**Recent analyst opinions:** + +* Vadim Alexandre (from minute 17:35) [https://www.voxmarkets.co.uk/articles/zaim-credit-systems-vadim-alexandre-john-meyer-e28924a/](https://www.voxmarkets.co.uk/articles/zaim-credit-systems-vadim-alexandre-john-meyer-e28924a/) +* Philip Whiterow [https://www.proactiveinvestors.co.uk/companies/news/904109/tissue-regenix-ready-to-build-on-strong-performance-through-pandemic-904109.html](https://www.proactiveinvestors.co.uk/companies/news/904109/tissue-regenix-ready-to-build-on-strong-performance-through-pandemic-904109.html) +* Hardman&Co [https://www.hardmanandco.com/research/corporate-research/funded-through-to-profitability/#report-download](https://www.hardmanandco.com/research/corporate-research/funded-through-to-profitability/#report-download) (you need to register to download full report - it's free) + +Any opinions/comments are welcome. Happy investing, redditers! + +PS. This is a compilation of information & links found on reddit, [LSE chats](https://www.lse.co.uk/ShareChat.asp?ShareTicker=TRX&share=Tissue-Regenix-Group), and [UK ADVFN forums.](https://uk.advfn.com/cmn/fbb/thread.php3?id=22810630) I can't take credit for any of it, except for putting it all together (it's not copy & paste though, I wrote it). **This is also NO investment advice, please do your own research**. **This is an AIM share (FTSE AIM All-share), highly volatile and high investment risk.** + +&#x200B; +Just a gentle reminder to do your diligence, research etc and don't go balls deep into the markets / Pfizer because of FOMO from this morning's news :). Good luck all! +[RIDE - Lordstown Motors Gets New Order for 14,000 Pickups](https://businessjournaldaily.com/e-squared-looks-to-purchase-14000-endurance-pickups-from-lordstown-motors/) +I’m just a smooth brain ape, but I studied psychology as a way of life, as well as got my degree in it. I love it. It’s given me most of my wrinkles. + +This whole experience with the stonk is the perfect example of desensitization within a group. + +“In psychology, desensitization is a treatment or process that diminishes emotional responsiveness to a negative, aversive or positive stimulus after repeated exposure to it. + +Desensitization also occurs when an emotional response is repeatedly evoked in situations in which the action tendency that is associated with the emotion proves irrelevant or unnecessary. + +Joseph Wolpe (1958) developed a method of a hierarchal list of anxiety evoking stimuli in order of intensity, which allows individuals to undergo adaption.” -wiki + +In other words, apes have become so accustomed to the fuckery with our favorite stonk, that we could care less what happens at this point until MOASS. + +We are adapting. Buying more and waiting to truly Hodl. + +TLDR: The longer this plays out, the more apes are just going to buy more at this point. We have been conditioned to buy, desensitized to drops. This is the fucking way. + +GameStop to the moon, eventually. 🌝 + +All shorts must cover. 🚀 🚀 🚀 💎 🙌 +This is if it happened today, and let's forget about taxes for the sake of the scenario. This might seem like a useless fantasy whose answers really just reveal how close you are to FIRE, but I'm also curious as to how you would allocate the money. +I started having doubts about my whole life insurance policies a few weeks ago. (Yes, I had multiple.) I read a lot about them from White Coat Investor and became convinced they were not in my best interest. Trying to be as objective and professional as possible, I presented my agent with my findings, showed him how I calculated the returns, and asked him to help me make sense of it all. This is a summary of his arguments: + +* Don't go off of the guaranteed value column, pay attention to the accumulated value column (which includes dividends). +* I think you are misunderstanding some of the diversification we have going for you guys (not only from a tax perspective but also from a distribution perspective). + +His final email made a lot of points that are kind of mingled and difficult to pick apart: + +> What you need to focus on is the fact that your life insurance policies are a non market correlated and tax efficient asset, basically means that once a certain cash value is attained it can never go backwards (not so with your 401k or taxable account) so in a market downturn it is a great asset to have to be able to pull from whether in retirement or pre retirement and receives tax beneficial distributions, we can structure those in a few ways and loan is only one way. The other is the death benefit, forever, when you do die it will be there (more than likely you will outlive a term policy, that likelihood is more than 90% statistically speaking). That death benefit is completely tax free, your 401k and taxable accounts are not, there are additional ramifications there, the life insurance is the best way to pass on money as it is free of tax. If you are only looking at it from a rate of return perspective, then no, you should not be doing it because you will continue to be frustrated by the fact that it does not keep up with your other assets, but, it is not designed to. It is designed to be the backstop of your plan for when other things do not go right (or north). That being said, if you would like to cancel the policies, we can but I need your confirmation via phone call not a text or e mail. + +I recognized several of these arguments as ones that White Coat Investor debunked. Suffice to say it didn't change my mind. I called him and cancelled. He asked why. Again trying to be as civil and professional as possible, I told him I thought we had better investment options and better insurance options. He repeated many of the points from his final email and made one additional point: + +* These accounts are *the only* way for your kids to inherit money without going up a tax bracket. + +I said firmly (but politely) that I wanted to cancel the policies. He finally relented, but he also told me that I have to move my IRA to another company. When I asked why, he said he had invested it as aggressively as possible because the insurance policies provided a layer of security. I asked if we could just change it in a more conservative fund and leave it alone for now. He said he could do that, but because he doesn't approve of my strategy, he refuses to manage my IRA any longer. + +I'm really not interested in lambasting this guy, but this seems incredibly petty to me. I assume the company he works for would not want to lose me as a customer completely seeing as my IRA is one of my largest assets. (I'm sure it isn't much to them, but, still...) +Hey all, I was playing around with some financial projections and thought it would be cool to share some numbers. + +Out of curiosity, I wanted to see what would happen if you max out all the more commonly available retirement accounts (401k, Traditional/Roth IRA, HSA) into the standard retirement age of 65. + +For the sake of simplicity, I've made the following assumptions: + +* Using contribution limits from 2022 +* Annual real rate of return of 8% +* Maximum employer 401(k) match of $10,000 +* Begin maxing out contributions from Age 23 + +Firstly, here's how much you would need to contribute to max out your 401(k), Traditional/Roth IRA, and HSA. + +**Annual Contributions** + +| | Age 23 | Age 50 | Age 55 | +|--------------------------------|---------:|---------:|---------:| +| 401(k) Pre-Tax Contributions | $ 20,500 | $ 27,000 | $ 27,000 | +| 401(k) Employer Contributions | $ 10,000 | $ 10,000 | $ 10,000 | +| After-Tax 401(k) Contributions | $ 30,500 | $ 30,500 | $ 30,500 | +| Traditional IRA Contributions | $ 6,000 | $ 7,000 | $ 7,000 | +| HSA Contributions | $ 3,650 | $ 3,650 | $ 4,650 | +| **Total Contributions** | $ 70,650 | $ 78,150 | $ 79,150 | + +I've included 401(k) After-Tax contributions and Traditional IRA contributions for the purposes of the Mega-Backdoor Roth IRA and Backdoor Roth IRA strategies. Thus, the money from these contributions would actually end up in your Roth IRA. + +At age 50, your Pre-Tax 401(k) contribution limit will increase from $20,500 to $27,000, and your Traditional IRA contribution limit will increase from $6,000 to $7,000. At age 55, you’ll be able to increase your HSA contributions from $3,650 to $4,650. + +Assuming you have access to the Backdoor and Mega-Backdoor options (and that the government doesn't get rid of them), here's what your accounts would look like over time. + +**Account(s) over time** + +| | Age 23 | Age 40 | Age 60 | Age 65 | +|----------|---------:|------------:|-------------:|-------------:| +| 401(k) | $ 30,500 | $ 1,142,232 | $ 6,827,832 | $ 10,249,390 | +| Roth IRA | $ 36,500 | $ 1,366,934 | $ 8,058,177 | $ 12,060,104 | +| HSA | $ 3,650 | $ 136,693 | $ 811,489 | $ 1,219,623 | +| **Total** | $ 70,650 | $ 2,645,860 | $ 15,697,499 | $ 23,529,117 | + +Pretty incredible stuff. In the span of ~20 years, your accounts will total over $2.5m, which corresponds with a $100,000 withdrawal each year at a 4% SWR. Once they've had the chance to grow for over 40 years, your accounts are well in the tens of millions. If you chose to retire at the standard age of 65, you would certainly be ready to go fuck yourself. + +Since the Mega-Backdoor option is likely to disappear in the near future, here are some additional projections I threw together to cover various scenarios. I just bundled the Roth IRA and Traditional IRA together for simplicity. + +--- + +Maxing Traditional / Roth IRA only + +**Account(s) over time** + +| | Age 23 | Age 40 | Age 60 | Age 65 | +|-----------|-------------:|---------------:|-----------------:|-----------------:| +| Traditional / Roth IRA | $ 6,000 | $ 224,701 | $ 1,338,541 | $ 2,007,822 | +| **Total** | $ 6,000 | $ 224,701 | $ 1,338,541 | $ 2,007,822 | + +--- + +Maxing Traditional / Roth IRA and 401(k) +(excluding mega-backdoor contributions) + +**Account(s) over time** + +| Age | 23 | 40 | 60 | 65 | +|-----------|--------------:|-----------------:|-----------------:|------------------:| +| 401(k) | $ 30,500 | $ 1,142,232 | $ 6,827,832 | $ 10,249,390 | +| Traditional / Roth IRA | $ 6,000 | $ 224,701 | $ 1,338,541 | $ 2,007,822 | +| **Total** | $ 36,500 | $ 1,366,934 | $ 8,166,373 | $ 12,257,212 | + +--- + +Maxing Traditional / Roth IRA, 401(k), and HSA +(excluding mega-backdoor contributions) + +**Account(s) over time** + +| | Age 23 | Age 40 | Age 60 | Age 65 | +|-----------|-----------:|--------------:|--------------:|---------------:| +| 401(k) | $ 30,500 | $ 1,142,232 | $ 6,827,832 | $ 10,249,390 | +| Traditional / Roth IRA | $ 6,000 | $ 224,701 | $ 1,338,541 | $ 2,007,822 | +| HSA | $ 3,650 | $ 136,693 | $ 811,489 | $ 1,219,623 | +| **Total** | $ 40,150 | $ 1,503,627 | $ 8,977,862 | $ 13,476,835 | + +**EDIT** + +Wow didn't expect such a reception. Lots of good points made in the comments about how my assumptions are overly optimistic for the average person. Here are some hopefully more realistic projections using the following assumptions: + +* Using contribution limits from 2022 +* Annual real rate of return of **7%** +* Maximum employer 401(k) match of **$5,000** +* Begin maxing out contributions from **Age 30** + +**Account(s) over time** + +| | Age 30 | Age 40 | Age 60 | Age 65 | +|-----------------------------|------------|-------------|---------------|---------------| +| | | | | | +| 401k | $ 25,500 | $ 402,482 | $ 2,705,456 | $ 3,978,566 | +| Roth IRA | $ 6,000 | $ 94,702 | $ 628,222 | $ 921,369 | +| Total | $ 31,500 | $ 497,183 | $ 3,333,678 | $ 4,899,934 | + +**EDIT 2** + +Lots of people saying it's unrealistic to save $60,000+ a year at age 23, so I decided to run some numbers. + +Conclusion: I do think it's possible if you're highly skilled and willing to live extremely frugally. + +I pulled salary data from levels.fyi, which has a pretty reliable breakdown of salary data at top tech companies. The average total compensation for entry-level software engineers at top tech companies (Google, FB, Microsoft, etc.) is over $170,000 per year. + +Deduct the pretax contributions (401k, HSA) of $20,500 + $3,650 = $24,150, and you're left with $145,850 of taxable income. + +Plugging it into an income tax calculator assuming you live in a state like California, you end up having to pay $36,981 in taxes. This leaves you with $145,850 - $36,981 = $108,869 of after-tax income. + +Then, after contributing $30,500 + $6,000 = $36,500 to your after-tax accounts (after-tax 401k, Traditional IRA), you're left with $108,869 - $36,500 = $72,369 of leftover income. Perfectly livable amount of income to be honest, if a little frugal given the HCOL in California. + +So this scenario is actually surprisingly feasible for a fresh CS graduate from a top university, who ends up at a top tech company. Of course, I recognize this is in the very very small minority of people, but I'd wager a decent amount of them are on this sub. + +Also, for those curious, my initial 401k match estimate came from searching up policies at big tech companies. + +* Google offers a 50% match on the employee’s contribution up to $19,000, to a max of $9,500 per year. +* Facebook offers a 50% match of 7% of your salary and bonuses, up to a max of $10,250 per year. +You probably have heard a buzz brewing recently about Smartlands SLT. This is partly due to a spike in price last week (113%). I wanted to share some exciting information on the project and also resources you can use to look into it. Always DYOR, but here are some quick bullet points. + +What is Smartlands? + +Smartlands is a small Cap that has been around since 2017 and has slowly been building the legal and technical framework to allow fractional issuance and ownership of assets over the blockchain. This means you can invest in various assets: Agriculture, real estate, precious metals, etc... for whatever amount you want and still get the same return as the institutional investors in the Wall Street Boys Club. Smartlands is powered by the SLT token and uses the energy and cost efficient Stellar network. (Unlike those other DeFi projects that require expensive gas fees on Ethereum ;)). + +Why will the price of SLT increase? + +The Platform is finally going live in April after 3 years of hard work and preparation with several projects. In addition to the platform going live, the SLT coin is going to be listed on several exchanges including a tier 1 exchange (details coming soon...). Agroxy is one of the projects going live in April and it is a network of over 15,000 farmers who buy, sell, and trade agricultural equipment and supplies. Also, Colliers International (global real estate powerhouse) is partnered with Smartlands. Smartlands is focusing their efforts in Ukraine, and their partner link on the website partner page goes directly to 52 different commercial real estate listings in the Ukraine by Colliers International.... (HINT, HINT). Nothing has been announced yet, but the writing is on the wall. Currently the SLT coin is only available in 2 places which has created a barrier of entry for people to invest in SLT. But this is also why it is so cheap at the moment, and like many other coins that finally get listed on big exchanges, it will skyrocket immediately upon listing. Here is your chance to get in early before the rocket takes off. + +What are the tokenomics? + +This is one of my favorite reasons for looking into Smartlands. The SLT token is required to use the platform and 33% of fees are all sent back to SLT owners who have their tokens staked! With ONLY 5.1 MILLION COINS IN CIRCULATION, you can see how the price will exponentially explode (Easily over $100 per coin)! Just take a look at some of the other DeFi projects on Ethereum. The Market Cap for this gem is only 8.5 Million right now. If it hits 1 Billion Market Cap (conservative estimate) you are looking at $200 USD per SLT (currently only $1.67)... + +Anyways I could probably write a lot more, but I want to keep it relatively short and concise. If you want to find out anymore info about SLT, drop into their telegram chat below. The community is very friendly and very helpful. + +Resources: + +[www.smartlands.io](https://www.smartlands.io/) + +Telegram + +[https://t.me/smartlandschat](https://t.me/smartlandschat) + +Where to buy SLT with XLM + +[www.stellarterm.com](https://www.stellarterm.com/) + +Lobstr Wallet + +Where to buy SLT with BTC + +Whitebit Exchange + +More exchanges coming soon. +Go look at any Skycoin thread. Almost every single comment will be by a commenter that has only ever posted about Skycoin. I see this happen with other shitcoins, but Sky is by far the worst. + +Edit : 95% of the commentators on this thread are paid shills / bought reddit accounts. +Hey guys. I have never invested in real estate. One of my business partners is incredibly experienced in area but he is was a multi millionaire before he got into it so we have slightly different scenarios. I’m in my late 20’s and have a couple hundred thousand in cash just sitting there that I’d like to have start working for me. I’m not interested in wholesaling or any of that. + +I live in a state where the cost of living is pretty low, and a couple hundred thousand would go quite a bit further that California or Florida etc. +Where did some of you guys start? And based on the capital I’m looking to work do you have any advice? + +Thanks in advance. +My household is a very active one, with kids, dogs, cats, multiple vehicles, and a multi-story house. So naturally, there's a TON of messes to clean up, things that need cleaned or maintained in general, etc. + +We used to go through probably $20-$30 worth of paper towels each month. Think about that though....*that's $240-$360 a year.* I don't know about the lot of you, but the *lower* end of that is still nearly *two car payments* for me. It's more than a full grocery trip for us. It's *5-7 full tanks of gas for the car.* Etc. + +By contrast, a pack of a dozen or two microfiber towels at WalMart or the auto parts store is only $10-15, and will last for *months and months on end* if you take care of them (don't dry them for too long or on high heat; it'll basically burn off the finer microfibers and make them useless for absorption. + +I also try to throw them in with my regular laundry or related load types whenever I can, so the cost increase there is minimal to nonexistent and there's no real extra burden at all. + +On the same hand, there's definitely times where you just need paper towels. I get it. Don't cheap out on things like the paper towels you do keep around (or toilet paper for that matter). When you get shitty, single-ply ridiculousness, you often end up using twice as much to get the same results...which can obliterate the couple of bucks you saved. As with a great many things, often times *spending more upfront saves you money later*. + +All of the above considered, we now use a single roll....*maybe* two in a bad month...of paper towels in an entire month. We've literally dropped our PT usage, and thus cost, by 95&#37;. + +Everyone's situation and mileage may vary, of course. And I'm sure some will nitpick here. But I just wanted to put that out there as a prime example of how sometimes, little day-to-day things (materials, habits, whatever) you don't think about are really eating into your money in the long run, and making it harder to get ahead. When you're going through your budget, or your grocery list, or whatever...try to take a deeper look at where money may be disappearing in your household. It may not be obvious, and it may not seem like much, but it certainly adds up. + +EDIT: So, I certainly didn't expect this to blow up like it did. Thanks for all the comments and input! Glad to see this generate some discussion. As I mentioned, everyone's mileage will vary, and it's important to note that what works for some, may not work for others...especially when you factor in lifestyle, schedules, needs, and financial situation. And there are always different approaches and specifics to be had or be discussed. I should note that I'm what you would consider lower- to mid- "middle class", so my priorities may differ from others and the way I balance cost versus convenience with a variety of things will differ from others as well. Not to mention there's always little personal preferences as well. Just wanted to throw a little reminder/tip out there to help some folks is all! :) Have a great night everyone. +The one thing I haven't been able to get my head around with the weird "chain" system in the UK: what is the sequence of events when you're ready top buy your next home. Do you put your existing home on the market first, wait for an offer, and then start looking for your next property? Or do you do the house hunting first, make an offer on your next property, and then put your existing property on the market? Either way feels like a gamble, either you have to hope you find a great property in a short amount of time, or you have to hope you find a buyer in a short amount of time. How come bridge loans are not a thing in the UK property market? +I have been following this sub for a very long time (this is not my main reddit account), and since then I have learnt a lot from it. Since I graduated from university, my goal was to hit $1M by the time I was 30. + +My biggest learning from this journey so far has been to relax and not worry about where every single dollar is going. I know it sounds sort of counter intuitive, but for me it was causing some stress when an unexpected expense would come. Not because I did not have the money, but because I was not going to hit my savings target for that month. I know everyone is not like me, but I am quite disciplined, so I decided not to track my net worth for ~2.5 years. + +Here is a snippet of my journey. + +My family moved to Canada from south asia when I was in my early teens (I think my family came over with less than $15k), and we didn't have much growing up. So I understood what it took to live frugally. Fast forward to when I graduated from highschool, my family was a middle class family in Canada and it was all because of my parents tight handed approach to disposable income. + +I graduated at age 23, and I was lucky enough to not have any debt. I had scholarships and worked throughout University and saved up enough from my work terms that I did not need student loans after 2nd year. And I paid the first 2 years off by the time I graduated with money left over. + +**Year 1** - I graduated from a STEM discipline and I was lucky enough to get a very good paying job right off the bat. My salary was a hair over six figures when I started. Towards the middle of my first year after graduating, I was able to buy a house (property #1) in the small town I was living in. I started to rent out the basement and a room up top so it would cover my mortgage and I paid for the utilities, repairs and taxes. + +**Year 2** - I had saved up enough to buy make a down payment for a condo in the city I grew up in, at this time I was living extra frugally, and the same old car I bought at the end of university. I ended up buying this condo in one of the hot markets in Canada (property #2). I also got a raise this year, and every subsequent year until Year 7. I also had a side hustle going which was paying for 75% of my living expenses at the time. + +**Year 3** - I got a promotion and my company decided to move me, they promised to pay my housing expenses in this new city, so I ended up renting the entire house I had bought and started making a bit of money on it. I continued living frugally, and was saving as much as I could. I stopped the side hustle, since it was affecting my work life balance. + +**Year 4** - My company continued paying my expenses and I continued my journey towards FI, but at this point, as discussed I was getting stressed about not hitting my savings goals due to some unexpected expenses. + +**Year 5** - I moved back to the original small town I was living in, and at this time, I had saved enough money, that I decided to buy another rental condo (property #3) in the same hot Canadian market. Two months later, I lost my house (property #1) due to a fire. This was not an easy time for me, and with some back and forth with the insurance company, which took 6 months, they decided to cover all the expenses, and I ended up rebuilding the house. At this point I moved in with my parents and I stopped recording where all my savings were going. To get the rebuild going, since I was having insurance issues, I had to drawdown all my savings and anything that was liquid to the point where I had less than $2.5k in my bank account. I wanted the rebuild done right away for reasons I won’t get into. + +**Year 6** – My house was completely rebuilt and I sold it right after. Took, all the money I got from the house and dumped it back into the stock market (Combination of ETFs and Stocks). + +**Year 7** – Due to my division in the company performing poorly, I was packaged out. I knew it was coming (our management sucked), so I was already looking into other companies, and I was unemployed for 2 weeks before I joined my current company. It was a fairly decent package, and the job I found after paid me relatively the same. + +At this time it brings me to today, where I sat down this weekend and went through every account I have to calculate my net worth. I knew I was going to be close to the $1M mark, but I actually did not expect to exceed it. Currently I am sitting at $1.15M, which was very surprising for me, and I had to triple check all my numbers. I lucked out on my properties I bought as rental properties since that local market has done extremely well, so for this calculation I used the govt. assessed values (again I know it is only a paper gain, but I have no plan on selling these properties). + +**Here is the breakdown –** + +**Cash/Savings Acc** - $65K (saving for a down payment on a new property, but to live in) + +**Stocks/ETFs** – $420K + +**RRSP** – $50K (similar to 401k) + +**TFSA** – $60K (similar to Roth) + +**Self/Company Contribution (LIRA)** – $115K + +**Company Stocks (First company)** – $140K + +**Property #2 Equity** – $200K + +**Property #3 Equity** – $100K + +I would be lying if I said there was no luck involved and some things played in my favor (like minimal housing expenses). +Future plans, I want to keep on doing what I am doing and save and live semi-frugally. I have always spent on vacations; travelling is very important for me. I finally have a newer new car, and I turn 30 this month. I want to buy a house of my own soon and most likely I will own this house for 20-30 years. + +Please feel free to ask me my questions; I will do my best to answer them. + +EDIT 1: Formatting + +EDIT 2: Maybe I should have stated from the beginning, which is my fault, but all the numbers are in $CAD. + +I have been following this sub for a very long time (this is not my main reddit account), and since then I have learnt a lot from it. Since I graduated from university, my goal was to hit $1M by the time I was 30. + +My biggest learning from this journey so far has been to relax and not worry about where every single dollar is going. I know it sounds sort of counter intuitive, but for me it was causing some stress when an unexpected expense would come. Not because I did not have the money, but because I was not going to hit my savings target for that month. I know everyone is not like me, but I am quite disciplined, so I decided not to track my net worth for ~2.5 years. + +Here is a snippet of my journey. + +My family moved to Canada from south asia when I was in my early teens (I think my family came over with less than $15k), and we didn't have much growing up. So I understood what it took to live frugally. Fast forward to when I graduated from highschool, my family was a middle class family in Canada and it was all because of my parents tight handed approach to disposable income. + +I graduated at age 23, and I was lucky enough to not have any debt. I had scholarships and worked throughout University and saved up enough from my work terms that I did not need student loans after 2nd year. And I paid the first 2 years off by the time I graduated with money left over. + +**Year 1** - I graduated from a STEM discipline and I was lucky enough to get a very good paying job right off the bat. My salary was a hair over six figures when I started. Towards the middle of my first year after graduating, I was able to buy a house (property #1) in the small town I was living in. I started to rent out the basement and a room up top so it would cover my mortgage and I paid for the utilities, repairs and taxes. + +**Year 2** - I had saved up enough to buy make a down payment for a condo in the city I grew up in, at this time I was living extra frugally, and the same old car I bought at the end of university. I ended up buying this condo in one of the hot markets in Canada (property #2). I also got a raise this year, and every subsequent year until Year 7. I also had a side hustle going which was paying for 75% of my living expenses at the time. + +**Year 3** - I got a promotion and my company decided to move me, they promised to pay my housing expenses in this new city, so I ended up renting the entire house I had bought and started making a bit of money on it. I continued living frugally, and was saving as much as I could. I stopped the side hustle, since it was affecting my work life balance. + +**Year 4** - My company continued paying my expenses and I continued my journey towards FI, but at this point, as discussed I was getting stressed about not hitting my savings goals due to some unexpected expenses. + +**Year 5** - I moved back to the original small town I was living in, and at this time, I had saved enough money, that I decided to buy another rental condo (property #3) in the same hot Canadian market. Two months later, I lost my house (property #1) due to a fire. This was not an easy time for me, and with some back and forth with the insurance company, which took 6 months, they decided to cover all the expenses, and I ended up rebuilding the house. At this point I moved in with my parents and I stopped recording where all my savings were going. To get the rebuild going, since I was having insurance issues, I had to drawdown all my savings and anything that was liquid to the point where I had less than $2.5k in my bank account. I wanted the rebuild done right away for reasons I won’t get into. + +**Year 6** – My house was completely rebuilt and I sold it right after. Took, all the money I got from the house and dumped it back into the stock market (Combination of ETFs and Stocks). + +**Year 7** – Due to my division in the company performing poorly, I was packaged out. I knew it was coming (our management sucked), so I was already looking into other companies, and I was unemployed for 2 weeks before I joined my current company. It was a fairly decent package, and the job I found after paid me relatively the same. + +At this time it brings me to today, where I sat down this weekend and went through every account I have to calculate my net worth. I knew I was going to be close to the $1M mark, but I actually did not expect to exceed it. Currently I am sitting at $1.15M, which was very surprising for me, and I had to triple check all my numbers. I lucked out on my properties I bought as rental properties since that local market has done extremely well, so for this calculation I used the govt. assessed values (again I know it is only a paper gain, but I have no plan on selling these properties). + +**Here is the breakdown –** + +**Cash/Savings Acc** - $65K (saving for a down payment on a new property, but to live in) + +**Stocks/ETFs** – $420K + +**RRSP** – $50K (similar to 401k) + +**TFSA** – $60K (similar to Roth) + +**Self/Company Contribution (LIRA)** – $115K + +**Company Stocks (First company)** – $140K + +**Property #2 Equity** – $200K + +**Property #3 Equity** – $100K + +I would be lying if I said there was no luck involved and some things played in my favor (like minimal housing expenses). +Future plans, I want to keep on doing what I am doing and save and live semi-frugally. I have always spent on vacations; travelling is very important for me. I finally have a newer new car, and I turn 30 this month. I want to buy a house of my own soon and most likely I will own this house for 20-30 years. + +Please feel free to ask me my questions; I will do my best to answer them. + +EDIT 1: Formatting + +EDIT 2: Maybe I should have stated from the beginning, which is my fault, but all the numbers are in $CAD. + +A part of my strategy is to allocate a small percent of my portfolio on some stocks that could have great return because of the current corona crisis situation. I've made a collaborative spreadsheet with stocks that will potentially make great returns + +Feel free to reorganize, add your stock , comments. it's in free edit mode, so **everyone can contribute**. + +[Link to the spreadsheet](https://docs.google.com/spreadsheets/d/1bBsJnUIWg8BbET-h3oKN8qY45JScNeoRr4BHJIp7Jpo/edit#gid=893631194) +Hey guys, +I was recently listening to a 'rich dad poor dad' book in which the author describes as money earned from a 9-5 job as '50% money'. he then describes investing as 20% money and business as 0% money. + +Heres where my question comes in. So as far as i am aware, and depending on how much money you make annually from a 9-5 job and a few other variables, a certain percentage of your paychecks are taxed by the gov which again, can be up to (what ive seen) like 20% (again, depending on how much money you make. the less you make, the less you get taxed). + +Why does the author of this book say that the money you make from 9-5 jobs is 50% money? as far as i know, the max you probably get taxed is prob around 10-20%. Am i missing something here? + +Hopefully this question makes sense, any help is greatly appreciated. Thank you all. +Like many of you, I've been listening to the nonstop gospel about Fidelity for months. Fidelity is a friendly whale, Fidelity is long GME, etc. + +The point of this post isn't to call bullshit on any of these claims, but to invite some commentary from those that have been pushing the Fidelity agenda for months now (and there are quite a few of you out there). Is there a single iota of evidence that Fidelity is acting in ape's interests? + +I'm curious for a few reasons. + +Firstly, when I waxed poetic about Fidelity to one of their senior traders, his response was a blunt "well you never know which side of the trade Fidelity is working." + +Secondly, I've noticed in particular that any commentary that could be interpreted as even mildly opprobrius of Fidelity's motives is violently downvoted, and typically personally attacked with no cogent counter. + +Thirdly, there is zero doubt that Fidelity is and has been providing a significant amount of ammo used to fuel the short attacks we've been seeing, especially over the last few weeks. Where are these shares coming from? + +Fourth, Fidelity is being sued in several pending federal court actions brought by state attorneys general for colluding with Citadel to defraud retail investors. + +The only rebuttal I've heard to date is that Fidelity is orchestrating some type of bear trap. This isn't a thesis--it's a conclusion. I'm not saying there isn't a universe where apes interests and Fidelity's interests align, but to my knowledge no evidence has been presented from which this could even be inferred. + +I'm not asking for a playbook, but the immediate downvoting and personal attacks pressed on anyone who raises this question--which I've been tracking for months now--is quite disturbing in itself. There is no agenda intended here, and you can downvote me as much as you want. Should that happen I'll pretty much assume the need for further investigation, and would encourage anyone interested in knowing more about the backstage liquidity show down to do some poking as well. + +Look forward to opening the floor on this issue. + +&#x200B; + +&#x200B; +I've always wondered this. I'm 35 and a fit and healthy male. + +I see lots here about paying into my pension. It's something I do, I run a small company and the 12k a year I put into my Sipp gives my business tax relief. + +However, how many people today, will make it to retirement.....has anyone got any percentage data etc. + +It won't make me stop paying into my pension, I'm just interested to find out. +With all the recent "gamestop reddit" posts I wondered what r slash gamestop was doing + +R slash gamestop is an employee subreddit where they can discuss the company, publicly complain about issues or concerns, communicate with other employees, ask questions and get help, etc. + +But it's totally filled with ppl quitting or complaining about no customers. Totally opposite sentiment from what I see here (and here we get picture proof of lineups down the street). + +Is the other subreddit all fake? How can the vast majority of these employees hate the company and the entire subreddit worship quitting (aka promoting themselves to customer) + +Seems so sus to me. Anyways, I hadn't seen anyone else talk about that subreddit but wanted to offer a discussion on it. + +Edit: Thx for the responses. Seems like consensus is that retail sucks, gamestop or otherwise, and the ppl who suffer in retail are more likely to complain about it - which paints an accurate picture of that sub. +It's our time!!!! Many people have made millions off the stock market. I have contributed to thier wealth. Now for the past year I been preparing my mind to be rich. Search nice house, nice car, charity, even new BF for my wife. If mind not prepared then some may paperhand quickly. + +I am ready. Been broke most of my life, grew up poor and believed that the way it always gonna be. I will be holding for my kids and grandchildren and family. I been tweaking my floor for months. More I read the higher it has gotten. See yall on Mars. Hopefully I get to see the rings of Saturn. NFA +Hey all, if you use the code 30PAYPAL and checkout with PayPal, you can get $30 off your order of $50 or more on Instacart! + +I just did the deal at Aldi. I did have several items show up not in stock and ended up only paying a little over $6.52 out of pocket. I chose pick up and live in a state with no food tax. So $6.52 for $36.52 worth of food. Aldi also has a sale on spiral hams at .95/lb, so check that out! :) + +I believe the code is good into January, unfortunately I wasn't paying much attention to that. I just wanted to share to help folks stretch their budgets! + + +ETA: Thanks to the folks in the comments, it expires 1/1 at 2am EST, so basically, expires 12/31 :). I've also seen elsewhere that it is limited to around 84,000 codes uses. I'm so glad this has been useful! +After using MFUtility since late 2015, I switched to Kuvera some time in 2018. The more responsive customer support and more convenient reports (particularly capital gains) were what won me over. As time progresses, they don't look as good on both counts. + +&#x200B; + +Like most other services, they seem to be unable to retain the quality of customer support with growth. What used to be a 24-hour response time has turned into 4-5 days even for transaction troubles due to issues in their payment system (both netbanking and NEFT). The initial support executives were clueless about what's going on in one case. In the meanwhile, MFUtility has gone and seriously improved their support responsiveness. Most queries get the first response within a single working day and unless it needs coordination with fund houses (like changing bank mandate), the issue is fixed along with the first response. They have also always provided very detailed visibility into the status of transactions. + +&#x200B; + +The other major issue with Kuvera is their complete disregard for precision in their reports. For transactions, they seem to just assume the date. I have debt fund purchases for which I placed the order on 31st March. 1st April being a holiday, the order was processed on 2nd and statements from fund house and CAS show the date as 2nd. Kuvera's statement shows the date as 1st. The support ticket for this has not got a reponse after 5 working days. Have I lost money? No, but it affects my confidence to blindly rely on Kuvera's statements. + +&#x200B; + +The second instance of inaccurate reports is their capital gains statement. There is a difference of over ₹10 between my actual equity gains in FY 2018-19 and what Kuvera's statement shows. When I audited the individual entries, most of the redemption values did not match their own transaction statement! It was not an error in a single fund or entry. The loss of precision was spread across all transactions. I double-checked against my own records, CG statement from fund houses and my bank credits. All of them match to the paisa except Kuvera's CG statement. Once again this may not be a big deal. After all the IT dept is not going to bother me for a couple of rupees of unpaid tax. It does show that Kuvera's systems are not built to be precise, and that's concerning for a financial service. +After using MFUtility since late 2015, I switched to Kuvera some time in 2018. The more responsive customer support and more convenient reports (particularly capital gains) were what won me over. As time progresses, they don't look as good on both counts. + +&#x200B; + +Like most other services, they seem to be unable to retain the quality of customer support with growth. What used to be a 24-hour response time has turned into 4-5 days even for transaction troubles due to issues in their payment system (both netbanking and NEFT). The initial support executives were clueless about what's going on in one case. In the meanwhile, MFUtility has gone and seriously improved their support responsiveness. Most queries get the first response within a single working day and unless it needs coordination with fund houses (like changing bank mandate), the issue is fixed along with the first response. They have also always provided very detailed visibility into the status of transactions. + +&#x200B; + +The other major issue with Kuvera is their complete disregard for precision in their reports. For transactions, they seem to just assume the date. I have debt fund purchases for which I placed the order on 31st March. 1st April being a holiday, the order was processed on 2nd and statements from fund house and CAS show the date as 2nd. Kuvera's statement shows the date as 1st. The support ticket for this has not got a reponse after 5 working days. Have I lost money? No, but it affects my confidence to blindly rely on Kuvera's statements. + +&#x200B; + +The second instance of inaccurate reports is their capital gains statement. There is a difference of over ₹10 between my actual equity gains in FY 2018-19 and what Kuvera's statement shows. When I audited the individual entries, most of the redemption values did not match their own transaction statement! It was not an error in a single fund or entry. The loss of precision was spread across all transactions. I double-checked against my own records, CG statement from fund houses and my bank credits. All of them match to the paisa except Kuvera's CG statement. Once again this may not be a big deal. After all the IT dept is not going to bother me for a couple of rupees of unpaid tax. It does show that Kuvera's systems are not built to be precise, and that's concerning for a financial service. +Given the current mkt levels and the current economic state of our country, I am reluctant to start a new SIP. I read on freefincal that SIP return s are highly dependent on when u start the SIP. hence this question. Please help. +It's a common requirement in larger cities: your income is at least three (sometimes even four!) times the rent. Many will say it's to protect the landlord to assure a renter can pay the rent. + +I'm at a point where I'm chomping at the bit to get out of my current city. I found a place that's everything I'm looking for - walkable area, far away from big-city bullshit, closer the water, it's even surprisingly cheaper than my current place. But what do I run into? "Renter must provide proof of income that indicates three times the rent". + +I have very good credit, I have no evictions, no missed rent, no felonies, nothing. But, I make about 2.8 times the rent, so after talking to the management company, it looks like it's a no-go. Damn. + +But am I the odd one out for thinking this is kind of insulting? Like they assume if you only make 2.8 times the rent, you're gonna skip out on the rent to pay for bubblegum? Or that people with a lot of money can't be financially irresponsible? My overhead isn't very high at all. And if for some reason I ran into trouble, I not only have a good amount of savings, but I'm also the guy who's gonna be eating ramen and peanut butter to make sure the rents being paid no matter what. But no, what if I suddenly have to make child support and have student debt and get 2 car loans and have go pay remunerations and get my wages garnished by the IRS??? + +It just really frustrates me how I never get a chance to explain any of this, or if I did, they wouldn't care. The rule of thumb in this country is "always assume everyone's trying to fuck you over", and maybe rightfully so, but honest guys like me get lost in the shuffle because saying "I'm gold for it" means nothing to anyone. +High Tide published as of today:[https://www.newswire.ca/news-releases/high-tide-significantly-improves-balance-sheet-as-a-further-20-million-of-debt-has-converted-into-equity-and-provides-other-updates-898025751.html](https://www.newswire.ca/news-releases/high-tide-significantly-improves-balance-sheet-as-a-further-20-million-of-debt-has-converted-into-equity-and-provides-other-updates-898025751.html) + +Key notes: + +"Having now closed our **$23 million equity Offering, and with over $27 million of debt** **converted** so far this fiscal year, High Tide's financial strength has been growing every day and has never been stronger.  This has not gone unnoticed by a large number of companies which have reached out to High Tide viewing us as their potential partner of choice. Given our integrated model, this includes not just other cannabis retailers in Canada, but also companies across other areas of the value chain – including accessories manufacturers and brands, other e-commerce retailers, and CBD companies in the United States," said Raj Grover, President and Chief Executive Officer of High Tide.  "With our existing profitable operations and strong balance sheet, it is game on for acquisitions at High Tide.  We plan to be aggressive in pursuing transactions which would be accretive to our shareholders immediately, as well as those that can further position us to quickly **take advantage** of the fast evolving regulatory and legislative landscape in the **United States**." added Mr. Grover. + +I am currently more bullish on High Tide then ever before.They are strengthening their balance sheet almost monthly now. Their assets are growing big time and their debt is getting rid of. Their equity is going through the roof. + +This also convinces me that High Tide will end up on the **Nasdaq** soon. As per requirement 4 of the Nasdaq: + +[https://listingcenter.nasdaq.com/assets/initialguide.pdf](https://listingcenter.nasdaq.com/assets/initialguide.pdf)See page 7! + +Requirement 4: + +1. Market cap of above 160M: is currently sitting at 260M and with this fresh balance sheet I do not expect them to fall down a lot further. +2. 80M in total assets. Well they already had that from Meta growth and High Tide combined. +3. 55M in equity value. They wept away about 27M in debt, did a 23M financing round and already had 13M in equity value (High Tide q3 earnings) also Meta add in some equity value. Plus they are generating cash and not burning makes me confident that this criteria is met. +4. Share price of 4$, in an AMA on reddit it was already discussed that a reverse split will happen most likely. In a yearly board meeting the board has agreed on doing so if necessary for uplisting + +See you soon on the Nasdaq and in the USA! +I was sending transaction mostly with 1GWEI, which was already cheap and confirmed pretty fast. I knew that 0.1 GWEI fees was possible for a short while, but never bothered to try it out until begin of this week, because I thought it would take longer to confirm. + +It might take a bit longer, but right now that are seconds. I got more or less every transaction from 0.01 ETH to 5 ETH confirmed within a minute or two. Each costing less than $0.001. + +I know, most people know this already, but I am very amazed by it! +When my children are born they get 20k from the grandparents. I currently have it at Vanguard (VFIAX) in their name in custodian accounts. The money is silently earmarked for a down-payment on a house, higher education, etc. It is not to be spoiled. I'm curious on your thoughts about how this could jumpstart they FI. My children are older now (5-11) so the balances have more than doubled. Looking for ideas to provide the best chance of them being FI right out of the gate but I'm afraid they'll need to go experience life before they fully embrace FI. I hate to see it get spoiled. I kind of want to keep the money a secret from them and have them prove to me good money management before they receive it. First world problems I know. +I’m wanting to meet with a fiduciary to discuss the best course of action for my retirement but I can’t seem to find any. I asked at my bank and the person helping me didn’t even know what a fiduciary is. 😕 +Ryan Cohen has had SO many opportunities to cash in on the hype. + +Like soooo many. And it’s actually SO reassuring that he hasn’t just caved and done us a “fan service”. I’m also sure that NOT caving and letting one of our theories come true has caused him some fair anxiety. + +Like, this weekend must have been kinda hard for RC if the plan was never to announce a dividend over the weekend. Suddenly, all of Reddit’s expectations went a bit sky high on him…. and he had to decide “do I stick to my path… or play into their wishes…”. + +Sure, he has dangled the carrot from time to time…. GOOD! And we have gobbled that carrot UP. But he has never led us on. We have led OURSELVES on. RC has a plan. And it’s just so great that he is doing this his way… and not ours. + +Kinda makes me feel like Ryan Cohen has something waaaay better planned than what our retarded crayon eating brains can comprehend. + +Let me ask you all: what is the better story… + +The story where we EASILY predict Ryan Cohen’s plan and we end up being right?! + +Or the story where despite all of our amazing and fun theories… they don’t end up holding a candle to Ryan Cohen’s ultimate end game move and we’re all shocked and jaw dropped when it happens? + +I’m here for the long haul. The MOASS will happen. And Ryan Cohen is the most beautiful human and leader we could have ever dreamed of having as our chairman. + +I love dates. Keep em coming. Part of me still hopes we hear some news tomorrow. Dates make the week so much more exciting. But you know what…. I’m also here to be blown away. And I’ll patiently wait for that day. When suddenly I’m on the moon with you all. And we’re all like “this Thursday slaps fuckin ass!!!” + +Ryan Cohen….. do your thing. + +I’m here for every second of it. + +Just wanted to chime in and say that I think it’s dope that RC has never played the “fan service card” for us all yet. + +That makes me SO fucking bullish. +Those of you who started out as software engineers and moved to roles like product management, architecture and dev management how did it work out financially? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +[https://www.nyse.com/regulation/threshold-securities](https://www.nyse.com/regulation/threshold-securities) + +As expected, shorts have managed to dodge or postpone another set of obligations which many of you know as "Opex" (options expiry). XRT is back on the threshold list as of tonight. Some of you know that obligations can effectively be "laundered" through ETFs such as XRT. + +Smart people are trying to figure out how it was done, but we'll see how this affects GME over the next 13 days. After that, obligations are force-cleared. +Guten Tag to this global band of Apes! 👋🦍 + +Today is the penultimate day before GameStop earnings, and what a moment in time this is! Ryan Cohen is on the attack, speaking out against the hedge funds who continue to short against this company. The change in his manner is telling - he is calling out their bad behavior now, just ahead of their bad behavior being exposed to the world. Could this be an early indication that the float is officially locked? Has RC Ventures purchased additional shares, that when combined with the shares that Apes have DRSed make this a company that no longer has any legally shortable shares? + +Whatever the reason that RC has become so active, it does not (yet) change the fact that the institutions that are short on GME continue their life and death struggle against our Diamantenhände, and it is a hopeless situation for them. This past year has included some moments where I was *thrilled* to see the balance of my GME holdings, but I did not sell. Conversely, the crimson of the same balances does not faze me today - I am not selling; I have lost nothing. I've had Apes reach out to me for words of encouragement, having difficulty seeing past their extensive paper losses. I hope that these words offers the encouragement you seek: + +As a GME shareholder, you have invested in a company that is on the cusp of revolutionizing retail. GameStop has a passionate customer base, many of whom are also exactly the kind of customer who will get excited about the possibilities enabled by technology like NFTs. GameStop has eager partners in game production, eSports, and merchandise, and is growing their offerings weekly. They are increasing their fulfillment and customer service capabilities, and gearing up to take on online retail titans such as Amazon. They have the bankroll to achieve *ALL OF* these things, I believe in the team that this company has assembled to deliver on that potential. + +I would eagerly HODL shares of GameStop based on the above alone, but many of us got into this company because of the short squeeze potential. Institutions did not believe that GameStop would successfully navigate the digital transformation of the video game industry, and would be another in a long line of dead brick and mortar retailers. In fact, they were so sure that they could ensure the death of GameStop by installing board members who would drive it into the ground that they took out incredible short positions against GameStop to profit from the company's demise. They shorted it from above $30 down to $3.50, confident that if they could just drive it a little further the company would collapse and they'd never have to close their short position, leading to incredible profits. + +Then the tides turned, leading to The Sneeze. The Institutional Shorts *loved* shorting at $10, why would they dislike shorting for $400 for a phantom share? They were sure that they could juggle the position for long enough that Apes would lose interest, and they'd enjoy even greater profits extracted from Retail traders. However, they did not count on GameStop's transformation. They did not see the company leveraging the price spike into a warchest that would let them restructure their debt and fund a brand new path forward. By the time the Shorts realized that they no longer had hope of killing the company, it was already too late - they had tripled down on an already impossible position, leaving further crime as the only path to survive. + +So now we see the toll of their continued crimes. They are doing everything they can to drive the price down. Nevertheless, Apes know that they cannot do this forever. At some point, they will start to fall, and the cascading failures will eventually force their short positions to be closed, leading to the MOASS. The trigger for this could be any among a number of things, but each week it feels more inevitable. Each RC tweet seems to bring it closer. I cannot wait to see what he is working toward. + +Today is Wednesday, March 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 60 minutes in: **$84.25 / 76,65 €** *(volume: 2697)* +- 🟩 55 minutes in: $84.16 / 76,58 € *(volume: 2674)* +- 🟩 50 minutes in: $83.84 / 76,28 € *(volume: 2344)* +- 🟥 45 minutes in: $83.79 / 76,23 € *(volume: 2300)* +- 🟩 40 minutes in: $83.88 / 76,32 € *(volume: 1931)* +- 🟩 35 minutes in: $83.71 / 76,16 € *(volume: 1578)* +- 🟩 30 minutes in: $83.66 / 76,12 € *(volume: 1568)* +- 🟩 25 minutes in: $83.66 / 76,12 € *(volume: 1537)* +- 🟥 20 minutes in: $83.57 / 76,03 € *(volume: 1106)* +- 🟩 15 minutes in: $83.58 / 76,04 € *(volume: 974)* +- 🟩 10 minutes in: $83.53 / 76,00 € *(volume: 925)* +- 🟥 5 minutes in: $83.17 / 75,67 € *(volume: 239)* +- 🟩 0 minutes in: $83.19 / 75,69 € *(volume: 162)* +- 🟩 US close price: $82.64 / 75,19 € *($81.85 / 74,47 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0991. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I just received a letter of inquiry in the mail from my "state treasury department" saying a state tax return has been filed under my name and address (it has) and this tax return and/or homestead property tax credit (don't think I received that one) has been selected for review, and it says I have to confirm my identity by either going to the government website or by sending in copies of my driver's license, W-2s, 1099s, etc in order to help protect taxpayers and the state from identity theft. + +Seems legit to me I think but - thoughts? I was wondering why it was taking so long for me to receive my state return so it makes sense now I guess + +Edit: thanks everybody! I am going to call the number on the state website (NOT the one from the letter) when they open on Monday. +So he said he saw this great signup bonus at Red Dog casino.. something like +250% your deposit. I told him not to do it but he said it's too good of an opportunity to pass up. He deposited $1200 dollars so he had a starting balance of roughly $4,000. His playthrough was also over $100k, which he didn't realize. So he starts off on a few different slots, and (as expected) he's winning big. He's up to nearly $8,000 pretty quickly. Then the site starts to work its magic. Losses start piling up, but everytime he gets close to $1,000 he miraculously gets a big win. He got all the way up to $24k. Then right back down. He wasn't even half way through his playthrough when the site just decided to put him out of his misery. Down to zero and another offer for a "generous" bonus. + +So the lesson here is, don't sign up for this garbage or anything like it. + +It's not going to make you rich or get you out of debt. It's a hobby for people that can actually afford it. +As I have been scrolling through the towel and gme subs this weekend I have been more and more reassured that we are near the end. I obviously don't know any dates but it seems like it is all coming to a a head soon. All these posts, non-stop Fear Uncertainty and Doubt being sowed into the narrative, as well as brigading from the losers at WhoreShitBoners. + +Now I know seasoned holders are immune to these pathetic attempts to affect your opinions and behavior but for the newer members I assure you it's all bullshit. Everyone of these posts and comments is meant to distract from the simple truth, these stocks are heavily shorted well over 100%, no one has covered and they need people to sell in mass to get out of this, which they won't. + +The other reason this makes me laugh is how pitiful the attempts are. They are blatently obvious and poorly organized. This means they are running out of money to pay proper shills. Or better yet they are just convincing peoppe in other subs to come do it for free. Since this is an attempt at stock manipulating, they might be on the hook and probably aren't even getting paid. + +Buy, Hold, DRS. That's all you need to know. +If I have experience of 2-3 years in the industry, will I manage to be hired again? + +Quitting due to burn out, mental health reasons and sick of this toxic workplace. + +Had enough of this effing hellhole. I’ve seen at least 60 people leave this place after the past 2.5 years. The average duration someone stays is approx 6 months. + +I work in private pathology. +Open letter to those who believe we can learn to be profitable traders for free. I have some points I think I need answered in this theory. + +&#x200B; + +Before I go further; I do not sell Forex education, do not know anyone I'd recommend and have no inputs what-so-ever on who would be good to pay to learn. This is not an advert, it just objective. + +&#x200B; + +We'll start by entertaining this notion that we can all learn for free (and we'll ignore the inconvenient fact that almost no one actually makes money even though this free stuff is there for all). So let's warp into a m alternative reality where most people can easily make money in Forex if they just read the free education. Put aside 100 hours, and you're set. All that's left now is picking out the colour of your jet. + +&#x200B; + +How does the market work? Oh ... that's right. Buyers and sellers. What happens when everyone know the same stuff and that same stuff is actually correct? Everyone takes the exact same trades. Seems legit, but wait a second ... who takes the other side of the trade? This is a problem, since we'd have to assume if everyone could learn for free, then everyone would and therefore the markets would reach a nash equilibrium. Like playing knots and crosses when both of you know optimum strategy, there is no way anyone can win or lose. + +&#x200B; + +So, if in theory we could all win with free education, we'd accelerate towards a point where no one can win. Seems legit. + +&#x200B; + +What would happen, in this magical world where we all know the right thing to do and no one has any edge at all? Would it be possible that there'd be some groups of large entities like banks that were able to notice everyone was doing the exact same thing? Do you think they will do the same thing when they know no one can win doing that? Does this seem logical? + +&#x200B; + +it's not logical. What is logical is they will trade against these positions. How would that happen? + +&#x200B; + +&#x200B; + +[Position Clusters](https://i.redd.it/7b33tpc4fhe31.png) + +&#x200B; + +In the above example we've all learned from our Babypips where to buy. Everyone knows this. So everyone does it. Price will start to move up. So if a bigger player wanted to profit here, they'd find it harder to get the price they want (or they'd get it first, meaning none of us get the price we want which also fucks the entire theory). They can do better just trading against you. It really is simple, because everyone has already laid out their easy take profit area. + +&#x200B; + +They can sell when all the mass positions start to push the market up and they can then dump this position into your stops. + +[Stop Grab](https://i.redd.it/48867h3tfhe31.png) + +&#x200B; + +Does this look like something actively happening in the markets day to day (Uh huh). + +&#x200B; + +How long do you think it would take for everyone using free same free stuff available (and the same free indicators in the same free trading platforms) before what the people using this free stuff do becomes stupidly predictable? How long after this do you think it would become useless because larger entities traded against these positions? Finally ... how long has there been free education for all. Are you getting the picture here? + +&#x200B; + +Parts of free education are useful. In the same way that learning about words and punctuation is useful to a person who'd want to write a book. However, what the free education theory is more akin to is all of us going out and copy/pasting the Harry Potter books and all of us selling as many as JK herself. Again, seems legit. We can all do exactly the same thing, but somehow (from who knows where) wee still find the same volume of people to be on the consumer end. I mean, they have their own Harry Potter books too, but they still go out and buy them .... from everyone. Does any of this sound logical? + +&#x200B; + +So my question is, for those who promote this idea, how does it work? Can you explain to me using the dynamics of how the market has to work (not just saying pointless things like "if you have to pay it's a scam") how it would be possible for us all to learn for free and then continue to profit from that? +Signed up 2008, traded for a while. Thought $ is fine left there because back then I recall them saying it's ok to park funds at Oanda even if we dont trade. Then in 2016, they introduced this 'inactivity fee' (wasn't aware), well, $10 a month and well, only recently I realized it and by then, they gobbled $179. + +Spoke to their customer service if they could return it if I were to to return trading but you know, gotta stick to policies. Even told me a blatant lie: "I do apologize to tell you that this inactivity fee is actually part if when you sign up to OANDA, its actually part of the agreement after you sign up an account with OANDA." (Jefferson). I mean if it were introduced in 2016, how could I have signed up with that? He did not bother communicating with his superiors. + +I mentioned that, Oanda had on more than one occasion make marketing calls to encourage me to trade, said I could follow trades and so on and even noticed I was inactive. But when it came to inactivity, they didn't bother calling. They only sent \*some\* emails (i didn't receive notifications for all months). + +I don't know what sort of inactivity costs $10 a month, it's complete unethical. It's clearly there for them to make profit. + +Some of you might think its my fault, but if I were aware I would of acted. Still however, if the company has to introduce such rules, and of such amount, they're just being extremely greedy. +I have been trading for a little over a year now, mostly trading the Daily and 12H charts. During the first few months I was basically breaking even, or actually slightly in the red. It was then I identified a problem in my trading: I was too eager to enter the market. It was so exciting to be in a trade and I was worried I would "miss out" on potential profits if I didn't enter. I remember I would get annoyed if I felt like I missed a signal, regardless how weak that signal would be. All those weak trades really ate into my profits. + +So I decided to force myself to only take 1 trade per week at most for the past 6 months. This is not an optimal way to trade, as you should place a trade if you identify a good signal to enter the market, regardless of how many trades you've placed that week. However, this was an attempt to correct my weakness in trading by implementing an extreme rule. Think of it as a "cognitive behavioral therapy" for my trading personality. + +The effect of this was really beneficial. I only placed trades I was 100% confident in. I got rid of some shitty currency pairs from my watchlist which had way to many currency pairs. I spent less time watching the markets and stressing about my trades; it was easier to "set & forget". And most importantly, my winrate and average RR increased to 57% and 1,9, to the point where I became profitable! Now I feel much more comfortable staying out of trades I'm not 100% happy with, and I hope I can remain a picky trader. + +I am in no way a trader you should take advice from, just wanted to share my most valuable experience. I'm sure some of you guys also enter more trades than you should, and maybe my experience can add a useful perspective for you. + +Happy trading! +Hello, + +I'm interested in learning more about forex and how to trade currency, and I want to hear from all of you. + +1.) is forex a full-time "job" for you? Do you have another job? + +2.) Do you make just enough to get by, or enough to live like a king. + +3.) Do you have a family (Spouse, kids, etc.), if not, do you have time to have one? + +4.) How many hours a day do you spend on forex related things? What does your day look like? + +5.) How long did it take, and how did you learn forex skills? + +6.) What mistakes can a newbie trader learn from you? + +Sorry if that's too much, I just want to learn what a trader's lifestyle is. +A big part of this is Bitcoin rallying, but also a lot of other cryptocurrencies are up 50-150% this week. Ethereum, the second largest, is up 61%. Stellar notably has jumped up 164%. + +The rally appears to have been prompted by regulatory guidance allowing banks to transact in stablecoins, as the biggest winners have been blockchains that participate in that space. + +https://www.coindesk.com/cryptocurrency-market-value-record-1-trillion +http://coingecko.com/ +Hello, + +I'm looking for stock or ETFS suggestions to do Cash-Secured Puts/Wheel on. + +I only have a very small account, **$2-2.4k** max. + +I've looked for stocks that I can start the CSP part of the wheel and the ones I found or interested in are: + +**QYLD** - only monthly and options are monthly, premiums are only close to ATM. (small premiums too, but I cant be too greedy with very small capital) + +**T** - However, I already own about 100-something of T in my Roth IRA. Plus it moves sideways a lot. + +**F** - not a "fan" of the stock or the company, so I wouldn't like if it I get assigned + +**PLTR** - already running a PMCC on this, and learning the hard way that >100% ImpVol is BAD for PMCC lol (Stock went from 15 to 10 back to 11 in like 2 weeks w/ Russia-Ukraine news) + +Should I even be doing CSP/Wheel with this low of capital? or should I do something else like credit/debit spreads until I grow my cash/capital? + +Thanks in advance! +EDIT more details about trade and my portfolio size because a lot of people asked and most of the commenters assume it was a meme stock : + +I had around 5K cash position in my portfolio and total 17 K available as margin. I was short put on one of the DAX 30 stock called "Wirecard:, when it was around 100 EUR, I was quite far OTM but it moved from 100 to 15 EUrR in three days, because audit basically uncovered that all the profits that company showed in last five years basically did not exists, it is a crazy story and still unfolding they forged bank signatures etc... + +EDIT 2 so what happened: +I shorted a put deep OTM on wirecard that was trading around 100 EUR. Puts were about to expire worthless, I tried to buy them back however there were no buyers at 5 EUR so or my orders were not going through I decided to wait for one more day and call my broker if there is a technical glitch. Well next day apparently massive fraud was discovered and stock dropped 60% in a day. Now they have filed for bankruptcy and CEO is in Jail. The stock was part of prestigious DAX 30 club, a digital payment processor with good prospects in Germany and Europe from my DD. + +I made a bad trade last month that blew up my entire account. I am still trying to come to terms with the loss last month. I know I should just think of that as a lesson and keep trading but I am somehow too scared to get into short positions now. + +In last couple of weeks, I have been doing overly protective things like buying a further out put to cover my short put, closing the short side by buying it back at a higher than normal price etc. + +I did a month end analysis today and found I have been buying more than I am selling and that is obviously eating up my already miniscule gains. + +how did you guys bounced back from big losses ? or at least how do I [revent my past from interfering with my future trades. +Anyone eyeing any solid companies to open a PMCC trade on? I had some success flipping NVDA shares the past two weeks and would like to open a PMCC on a dip. However, with earnings coming up IV is high so it's not a good move right now. + +I was looking at SPOT since they've been showing consistent rev growth the past few years and I feel the earnings dip was an over-reaction. I would also be interested in AAPL and AMD, but they've been on a tear and I anticipate a pull back soon. + +What tickers are you guys watching or trading PMCC's on? +My friend and I were talking about our portfolios over the weekend. We were both on the threshold of crossing the $100K benchmark in our savings (stock and cash combined). We realized that neither of us really know the best strategy to keep growing it moving forward but we assume 100K is an important benchmark coz you hear that line a lot that “the first 100K is the hardest.” + +So I figure I should come over to ask what is your advice. I’m in my early 30s, working real hard to pay off the debt and saving aggressively. +Guten Morgen to this global band of Apes! 👋🦍 + +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! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$25.12 / 25,85 €** *(volume: 6742)* +- 🟩 115 minutes in: $25.12 / 25,85 € *(volume: 6740)* +- 🟥 110 minutes in: $25.07 / 25,80 € *(volume: 6730)* +- 🟥 105 minutes in: $25.20 / 25,93 € *(volume: 4910)* +- 🟩 100 minutes in: $25.40 / 26,14 € *(volume: 3594)* +- 🟥 95 minutes in: $25.21 / 25,94 € *(volume: 3474)* +- 🟥 90 minutes in: $25.21 / 25,95 € *(volume: 3464)* +- 🟥 85 minutes in: $25.28 / 26,01 € *(volume: 3464)* +- 🟥 80 minutes in: $25.38 / 26,12 € *(volume: 1423)* +- 🟩 75 minutes in: $25.40 / 26,14 € *(volume: 1423)* +- 🟩 70 minutes in: $25.05 / 25,78 € *(volume: 1401)* +- 🟩 65 minutes in: $24.95 / 25,68 € *(volume: 1383)* +- 🟩 60 minutes in: $24.92 / 25,64 € *(volume: 1381)* +- 🟩 55 minutes in: $24.91 / 25,64 € *(volume: 1370)* +- 🟥 50 minutes in: $24.91 / 25,64 € *(volume: 1370)* +- 🟩 45 minutes in: $24.91 / 25,64 € *(volume: 1370)* +- 🟥 40 minutes in: $24.90 / 25,63 € *(volume: 1361)* +- 🟥 35 minutes in: $24.91 / 25,63 € *(volume: 1307)* +- 🟩 30 minutes in: $24.91 / 25,63 € *(volume: 1294)* +- 🟩 25 minutes in: $24.91 / 25,63 € *(volume: 1294)* +- 🟥 20 minutes in: $24.90 / 25,63 € *(volume: 1289)* +- 🟩 15 minutes in: $24.91 / 25,63 € *(volume: 1286)* +- 🟥 10 minutes in: $24.89 / 25,61 € *(volume: 1286)* +- 🟩 5 minutes in: $24.90 / 25,62 € *(volume: 1072)* +- 🟩 0 minutes in: $24.85 / 25,57 € *(volume: 946)* +- 🟥 US close price: $24.63 / 25,35 € *($24.88 / 25,60 € 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) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Single parent of a middle school aged child. I've worked my ass off for over a decade to support my kid and I've barely kept my head above water the entire time. I have no help from family, as most of my family is dead from overdoses or we don't speak due to abuse. I've often worked two jobs since my kid was born, and yet we've still had to live in my car at times. I don't get child support. For the last two years, I've worked 15 to 18 hour days at my physical labor intensive job, pushing hard to get promoted, thinking it would lead to a better life. During this time we've been on EBT and my kid had medicaid. Finally, I get promoted, and find out my salary is really disappointing, a measly 34k a year. I'm still working horribly long days but now I'm not getting OT and it pushes my income above the limit for assistance because my state didn't expand medicaid. Now I have to budget 300 a month for Healthcare for my kid and all the medications they need. Then scrape by on 200 a month in food for the two of as that's all I can spare. My rent and utilities take up a huge majority of my income. At the end of the month I have $33 leftover if I ONLY pay my basic bills and don't break my food budget and have no emergencies. I can't use the local food bank because I'm above the income limit for assistance. So I stretch one pack of chicken or cans of tuna into two weeks of food with rice, pasta, beans and frozen vegetables. + + I work from 4am to as late as 10pm on a regular basis, just to pay 1k a month to live in an old single wide trailer that's falling apart, in a shitty neighborhood, and eat rice, beans, and canned tuna every freaking day. I lie to coworkers saying I'm trying to be healthy when they invite me to lunch because I can't afford going out to eat. My poor kid has a become a lonely latch key kid because I'm always working. Every week I buy a little fresh fruit and veg for my kid and I eat peanut butter sandwiches at work. I have no "extras" to cut back on, as internet is required for remote school. All I do is work, come home, do chores, eat and sleep. Sometimes I don't even have the energy to shower, I just wash up with a wet rag and collapse into bed. My one day off a week is spent catching up on house work as my place is usually a disaster because I'm always working. + +I worked SO hard to make a better life, and it's more stressful and I have less free time with my kid because I lost that assistance but couldn't bridge the gap between too poor and not poor enough. I thought it would get better but so far it hasn't, just harder. All of my job skills are in a field that pays like shit. I used to doordash for extra money when I had more time off, but now I have ONE day a week off. My job is hard physical labor, I often walk 10+ miles a day and work outdoors in all weather conditions. I've glued my work boots back together more times than I can count, and I only buy new ones at tax time if I have enough left after buying my kid clothes and doing car maintenance. I have 15k in debt from needing a lawyer after getting assaulted, which is why I have a kid in the first place. + +I get told all kinds of unworkable solutions all the time too, and it gets so damn frustrating. I get told to move somewhere cheaper, with what money and where to? There is nothing cheaper in a 100+ mile radius. I can't save for first, last and security AND pay my bills. Get a better job? I'm constantly looking, but all I find are low paying jobs or worse, jobs that lie about pay in their ads and waste my time on pointless interviews. Get a better education? I'm a twice college dropout because I can't keep up with work, my kid, my house and studying without anxiety medication for my ptsd from being assaulted the first time I went to college. When am I supposed to study when I work from 4am to often 10pm anyway? I barely have time to eat or shower. I keep trudging forwards because I don't have another choice, my kid needs a home and food, but I'm so tired. Everyday I feel like I'm drowning in quicksand and just barely keeping my head up. I don't want pity, or money or anything else, I just needed to get this out so I could keep going, because I can't afford therapy. + +Edit to add on because answering individual replies is being hard and I still have a lot of chores to get done before bed and I have work in the morning. + +- child support is an absolute no go. Filing for support would open up access for him to sue for visitation and provide him with my location. I already got in debt over the assault case and just trying to protect myself. Charges didn't stick, so I don't trust the system for anything else at this point. + +- I'm now looking into CHIP, even though the case worker told me I didn't qualify for anything after my raise. My kid needs seizure meds so I jumped on the first plan I found after losing medicaid. Sec8 housing in my area is unsafe and in a terrible school district. The food bank that serves my zip code does not offer assistance if you don't already qualify for EBT. I have enough food, it just sucks to eat the same shit all the time. No matter how you spice it, it's still rice and beans and tuna. + +- I took the job and stayed because it's relevant to my skill set, paid higher than other jobs I had interviewed for, and the company has been busy despite covid. I've stayed and put up with the long days in hopes of achieving higher level management, as the benefits at that level are pretty good. Even though it's exhausting, I don't have to worry about getting enough hours to pay the bills. I've moved from bathroom scrubber level to mid level management, and I want that time and experience on my resume for the future. Giving up now and going back on assistance would feel like throwing away everything. + +- I have a decent variety of skills, though none of which I would call myself an expert in, and I don't exactly know how to make them a source of income. My main skill set is large animal medicine, but I don't want to waste time trying to finish a degree for an industry I can't fully participate in due to a hand injury. Aside from my main skill set, I can repair most home appliances, small engines, do basic car repairs, and have general handyman skills for home repair/renovation. I also have farming/livestock skills and I can fish/ hunt. I used to fix appliances on the side for extra money, but now I don't have as much time for that. I thought about getting into a trade and may look into that at some point, but things like HVAC and welding are physically hard jobs too. My hope is by getting into management, I will be able to beef up my resume with more administrative skills instead of only having survival skills. + +I have a half assed plan to get out of this hole, it's just hard, and I'm really worn down and needed to vent. +I've using Seeking Alpha for close to five years. While it's not something that I ultimately rely upon to make my investing decisions I enjoy the user generated content that can come from outsiders with a unique perspective to investing. Through my work I have access to a large amount of equity research reports so it was nice to spice up my research with this content. + +Over the last couple of months I've noticed that more and more articles are paywalled and all older articles are paywalled as well. The cost to get around this paywall is $300 a month. I am sorry but in my opinion the quality of articles on this site are not worth this much. I am fine with them charging for this service but a subscription in the $5 range would be much more reasonable. + +I guess I am just curious with any older readers of this site on here that have abandoned it. Now that I type out my frustrations maybe it's just time to move on in general. +Hi all, + +What are the best villages/towns/cities to live in for a decent work-life balance from your personal experience? + +I hated living in London even though supposedly the job market is good. +*EDIT* +Thankfully the bank fully refunded me mum, the amount was just shy of £1000 so thankfully it's been returned. Unfortunately the damage to her pride will last a little longer but hopefully she won't be to hard on herself and learnt a lesson. +Thank you all! + +Hey guys, unfortunately my mum fell for a scam last night while she was tired and not thinking straight. Essentially the scammer texted her claiming to be one of her children saying that their phone had broken and they needed help for money with the repairs / to pay the bill from the repair company. Unfortunately the style of texting they used was similar to my sibling and my mum was tired from working all day didn't think to questioned it and transferred the money without thinking, even though her bank app prompted her to check if it was a scam or not. It was only after when the number asked for more money did my mum think to try call my sibling and when the call connected she realised she'd be scammed. + +Now she's opened a fraud case against the payment however as she ok'd the prompt on the bank app asking her to check if it was a scam I'm assuming the chances of her seeing any of the money back are pretty slim. + +Can we do anything else in order to help get any of the money back? She's pretty upset with herself now for falling for something so silly on top of losing a reasonably large chunk of change. + +Thanks in advance! +Like the title says I was tipped my first moon and it got me more involved in this sub. After occurring 1k moons I then proceeded to tip 100 moons out to the moonless (moons have 3x since then). I got suspended for a week due to this practice of tipping out moons (without mod approval). So now I just try and get people to open their Reddit Vault (which is an Ethereum wallet) and contribute to the community to earn these tasty moons!! + +P.S. Moons to the moon!! +I'm using my throw away account. + +My partner refuses to work. He has a lot of what I would consider excuses. He says he's too anxious or depressed. When I confront him he locks himself in his room. His therapist says he needs to get a job and he is in no way a canadent for disability. + +Not working is his business but he makes me spend all my money. I pay 100% of rent and utilities. Because I am on the lease and these things need to get paid because I don't want to be homeless. He makes me pay his credit card bill because he says if he doesn't have gas or his car he won't be able to work/ will have to borrow my car. + +Basically all of my money goes to him. And he plays video games and parties on the weekend. + +I feel like he's controlling my finances. But I'm the only one with money. But he's basically forcing me to spend all my money on either bills or him. I feel trapped. I can't afford to move out anymore. He knows that. + + I make below the poverty level. I feel so so trapped. I guess if I knew if this was abuse or not would help me know how to approach finances in the future with a partner + +**Edit** + +**Sorry I didn't get the chance to respond to most of you. I was in class most of the day.** + +**I got a lot of good advice about detangling my finances from his and what I should focus on on my own finances and my own recovery. The moving back in with my parents is embarrassing but vvvv good advice. Ty** + +**Thank you everyone for caring** +I'm dying soon. My SO thinks I'm fine so it will come as a shock. I want to give everything to them, but how can I do that without them knowing what's going on? I have a will, and in it I stipulated everything should go to them but is there a better way? I don't want them to get hit with a lot of inheritance tax or whatever (not an expert in this). + +So background on assets. I have a small life insurance policy that will cover funeral expenses etc. I have about $70k in investments and a car worth about $12k- this is what I want them to get. + +edit: for everyone expressing their concern over whether this is suicide related or not, thank you but its just good old inoperable brain cancer. + +edit 2: this is my last edit, and it's to address some confusion. Obviously my SO is going to find out about the cancer. I'm going to have to have hospice soon and the mental changes/mood swings are already noticeable. What I meant by the sentence "I want to give everything to them, but how can I do that without them knowing what's going on?" is how can I give them all of this money without them knowing about it. They have no idea I have it and knowing them they will want me to spend it on myself to find some cure (which isn't going to happen, I'm at peace with that). + +To those out there with the well wishes- thank you again. For those of you with the advice- I'll be looking into setting up a trust with my advisor and lawyer. +Guten Morgen to this global band of Apes! 👋🦍 + +Monday kicked off the week with another exciting day to be a GME shareholder! The rapid upward trend of the morning eventually triggered the SHF's short algorithm, kicking into high gear just under an hour after the peak. While not definitive proof, it makes me wonder if they needed to quickly get the price back under their margin call thresholds, which would put it around $211 or so. The crypto dump leading into today's trading further backs this up - are they running low on short ammo and need to increase their cash on hand? + +Whatever it is, Apes continue to DRS their existing shares, buy more shares, and many are now long-term HODLers of GME. While certain other CEOs are dumping shares as fast as they can find bagholders to buy them, Ryan Cohen continues to lead with diamantenhände on the biggest purple ring of all. Apes, we all know that GameStop is revolutionizing retail, and many of us expect to hear more about exactly *how* in the coming weeks. That alone excites me enough to HODL, regardless of the impending MOASS. While they might not coincide, I'm very much looking forward to both. + +Today is Tuesday, November 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$209.00 / 182,62 €** *(volume: 494)* +- ⬜ 115 minutes in: $208.95 / 182,59 € *(volume: 473)* +- 🟩 110 minutes in: $208.95 / 182,59 € *(volume: 472)* +- 🟩 105 minutes in: $208.92 / 182,56 € *(volume: 448)* +- 🟥 100 minutes in: $208.85 / 182,50 € *(volume: 439)* +- 🟥 95 minutes in: $209.07 / 182,69 € *(volume: 414)* +- 🟥 90 minutes in: $209.08 / 182,70 € *(volume: 414)* +- 🟥 85 minutes in: $209.10 / 182,71 € *(volume: 381)* +- 🟩 80 minutes in: $209.33 / 182,91 € *(volume: 366)* +- 🟥 75 minutes in: $209.30 / 182,89 € *(volume: 350)* +- 🟥 70 minutes in: $209.38 / 182,96 € *(volume: 340)* +- 🟥 65 minutes in: $209.41 / 182,99 € *(volume: 323)* +- 🟥 60 minutes in: $209.74 / 183,27 € *(volume: 208)* +- 🟩 55 minutes in: $209.80 / 183,32 € *(volume: 123)* +- ⬜ 50 minutes in: $209.74 / 183,27 € *(volume: 97)* +- ⬜ 45 minutes in: $209.74 / 183,27 € *(volume: 96)* +- ⬜ 40 minutes in: $209.74 / 183,27 € *(volume: 94)* +- ⬜ 35 minutes in: $209.74 / 183,27 € *(volume: 59)* +- 🟥 30 minutes in: $209.74 / 183,27 € *(volume: 58)* +- 🟩 25 minutes in: $209.80 / 183,32 € *(volume: 55)* +- 🟩 20 minutes in: $209.74 / 183,27 € *(volume: 48)* +- 🟩 15 minutes in: $209.71 / 183,25 € *(volume: 47)* +- ⬜ 10 minutes in: $209.68 / 183,22 € *(volume: 37)* +- 🟩 5 minutes in: $209.68 / 183,22 € *(volume: 34)* +- 🟩 0 minutes in: $209.63 / 183,18 € *(volume: 34)* +- 🟩 US close price: $209.14 / 182,75 € *($208.72 / 182,38 € 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 1.1444. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I've been on the hunt for a new apartment in my city for months. Rent prices have gone up and I was already prepared to a higher price. I viewed a new apartment community and immediately fell in love and signed the least. Upon reflection, I am now afraid I committed myself to much more than I can afford. + +I make $20 an hour and bring home $2450 a month after taxes. Rent at the new place is $950 with $150 towards all utilities. I know this pushes me past the 30% rule and this makes me nervous. + +I tried to convince myself that I'm saving money in terms of commuting since I'll be able to walk to work. Plus the building is secure and has plenty of amenities. But is spending almost 40% of my income towards housing feasible? Or am I digging myself into a hole? + +Edit: Hello. I haven't had time to reply to everyone's comments yet, but just to clarify a few things: + +-The $150 in utilities is additional to my rent +-Other bills include a $197 car payment and $185 for car insurance +-The 2450 I take home is after taxes. Before taxes I make 3300 a month. +-Walking to work mostly will just save me costs of gas. +For those of you who experienced the dotcom bubble, the banking crisis of ‘08, and now the coronavirus pandemic... + +What advice would you give to a fairly new investor (1-2 years) who currently has positions in stocks as well as $5-10K capital available to invest in more? +And Reddit rejoiced! That's right, the little vet tech penny that could has finally delivered its product into the hands of a real life vet: + +**Zomedica ($ZOM)**, *"a veterinary health company creating point-of-care diagnostics products for dogs and cats, yesterday recorded the first veterinarian sale of TRUFORMA® and officially entered commercialization..."* + +*"...The first official purchaser of a TRUFORMA® system was Jason Berg, DVM, DACVIM, founder and president of Guardian Veterinary Specialists, a 29,000-square-foot advanced emergency critical care and specialty hospital in Brewster, New York. A highly respected board-certified veterinary internist and neurologist, Dr. Berg’s dedication to advancing the field of veterinary medicine has garnered national and international recognition. "* + +It's satisfying to see a penny stock fulfill a promise and get its product across the finish line. While I remain skeptical of the long-term value of the stock, short-term this is an exciting milestone and good catalyst. $3, anyone? + +link here: [https://finance.yahoo.com/news/zomedica-announces-first-commercial-sale-100000980.html](https://finance.yahoo.com/news/zomedica-announces-first-commercial-sale-100000980.html) + +&#x200B; + +**Edit:** Lot's of people in the comments confused about what's happening to the stock and where it will head. Honestly, who knows. Biggest likely reasons for yesterday's bloodbath are 1) we're in a general period of volatility and there were LOTS of red stocks yesterday, and 2) many ZOM shareholders were planning to "sell the news" and take their profits when Truforma was officially released. Oddly, Zomedica decided to release early, with this one-unit announcement catching everyone off guard. Coupled with the rough stock day in general, this resulted in a profits-taking sell-off. + +**So, our questions moving forward are:** + +1. Is this the dip and its time to buy back in? (pre-market as I type is $1.99-2.01) +2. Was this "early release" part of a broader strategy or just sloppy? CEO Robert Cohen is generally well regarded, so I'm hoping its the former. +3. What's the insider and institutional ownership after the latest sell-off? Is the smart money invested in the potential of ZOM, or did it cash out on a fad? +4. What's the next catalyst? There are at least 2 other products in the pipeline: + +* **ZM-020**, a point-of-care platform for urine and fecal testing, and +* **ZM-017**, a canine cancer liquid biopsy platform. + +**In summary,** there are lots of questions after yesterday, but also reasons to be optimistic. If there's one thing I've learned in the post-MEME stock, instant-gratification world, the long view of shareholding is now a foreign concept to many. For me? I'm buying the dip and will continue to hold as I think there's more profit to be had. I'm no financial adviser, so you need to do your own DD and understand your risk tolerance. Happy trading! +Hi, this is a bit weird but I don't know where to turn for help. My life has been flipped upside-down recently and I will probably never be able to work again so for the rest of my life I basically have to rely on whatever the government gives me. A couple of years ago that seemed doable but last year my NDIS funds almost halved and then after this year's review they have almost halved again. I can't rely on handouts that can drop like that with no warning and for no discernible reason. + +Before things went south for me I was saving for a deposit on a house and if I sell all the junk I have lying around I might be able to get up to about $80,000. Life is almost feeling hopeless enough for me to just take that money and just gamble it on a spin of the roulette wheel or something but I figure there are probably more reasonable ways of making the most of that money... however I have no idea where to start. + +I tried teaching myself but all this is too complicated for me. Any help/guidance/advice would be greatly appreciated. + +Edit: Thank you all so much for your help and advice and suggestions, and an extra thank you for your positivity and friendliness. You have shown me that I have more available to me than I realised and given me a lot to think about and you have given me hope that I can make this situation work for me :) + +Edit 2: Thank you to all the kind people recommending Barefoot Investor and even offering me copies. I have received a copy of the book and it is now at the top of my reading list. +**If you want the tl,dr; the relevant stuff starts under the heading "The Token".** + +-- + +Preamble +-- + +A loooong time ago, [I worked with the Digibyte team to implement the Gravity Well algo into Dogecoin](https://www.reddit.com/r/dogecoin/comments/207hfb/ann_dogecoin16_its_ready_all_you_need_to_know/). + +The purpose of this algo was to stop multipools from literally dumping on everyone who was genuinely interested in/mining the coin. The market cap increased by about 10% immediately after launch, because who tf likes getting dumped on? + +Well, nobody. But people sure do like dumping on you! Later in my journey, [I had to whistleblow on my then-employer, who rugpulled millions from investors](https://www.reddit.com/r/dogecoin/comments/2jnhxt/this_is_the_person_i_know_as_ryan_kennedy_and_my/). That was expensive, and a harsh lesson learned in not trusting people in crypto. So, uh, following that then, I trusted cryptsy with all my coins - [who "got hacked", claiming all the coins were now gone](https://www.coindesk.com/cryptsy-bankruptcy-millions-bitcoin-stolen). + +After that, I stepped out of crypto. Everything felt like a rug-pull. + +Anyway, enter recent history - when I remembered that myself and the Digibyte devs did a Doge/DGB exchange after we worked together. I found the DGB wallet on an old HDD, which had matured to an amount that made crypto worth jumping back into. + +-- + +Sea of Memes +-- + +So, let's cut to the chase - I, obviously having learned very little, jumped straight in to searching for the next thing that felt like Doge in the DeFi world. + +Well, no - I think I learned a bit, in hindsight. For a start, it was spotting coins that were CLEARLY operating what were essentially just Ponzi Schemes. New coins appearing every 10 seconds, most of which can be sussed out by speaking with the developers, or community team managing a coin. But when 3 minutes of hesitation can cost someone 10x their gains, people are apeing into coins without even checking for liquidity locks, and getting absolutely flattened by the end of the day. + +What's made these coins worse was that many of them had already been rugged, and abandoned by their developers - and the bagholders then come together to ~~find new bagholders~~ start building a community around the dumped coin. And often times, I only discovered that the coin had been dumped by the dev team when speaking privately with the token's new "community team", after offering to help out. So, the actual communities had no idea at all. + +One of these coins in particular - which has now done pretty well - still has an absolutely massive amount of coins being held by the developers who previously rugged the project. The new community team made the nonplussed Developers into multi-millionaires; pending the dev team are willing to dump large portions of their wallets. The devs unfortunately, have been doing that - while the community blame it on "bots". + +The community team behind this coin asked me if I'd speak to the community on behalf of them (posting from this reddit account, and hosting an AMA on their token), which I turned down - my coins were pulled the second they gave me the low-down on how literally everyone invested into that token were on thin ice under a group which already dumped on them. The response from one of the community team members was "Sir, this is a Casino" before posting a link to some t-shirt merch in the main group chat. So, eh, time to hop out, yeah? + +Nah, I found one more token, but it had literally just started. Had a tiny bit of traction in February, but not a lot beyond that. Telegram group was small, but atmosphere was pretty good. Dev was active, as were other core team members. The team were chatting with the community, and everyone was in pretty high spirits. Coin's tokenomics were really interesting; essentially built to punish sellers, and reward holders. More on that in a bit - but anyway, I threw in 0.5 ETH at around $0.005/token, and went to bed. + +I woke up to my ETH having quadrupled in value, and the community telegram was suddenly popping off. Alright, so, probably time to check out what this token can do in the long-term! And thus, I present to you: + +-- + +**The Token** +---- + + +---- + + +**Dogira** +-- + +---- + +Site: https://dogira.lol + +TG: `@dogiratoken` + +Discord: `fkUvG3z4fA` + +Subreddit (brand new!): /r/Dogira + +TX for DexTools/Uniswap: `0xe9bd6ddc2b13f46715382f74534950e004399d10` + +Ether: https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1 + +---- + +**The Good** + +* Microcap Token; currently < $3mil in Market Cap + +* Grew to this level organically - not yet listed on CoinGecko, or CoinMarketCap + +* Core Team are active, friendly, and well-versed + +* Deflationary in nature; each TX restributes 1% of tokens across all users, and an additional 1% of tokens into the DogeCity fund + +* DogeCity fund is used to reward users who buy after someone sells - awarding them up to 5% of the sell fee in bonus tokens. This means that if you "buy the dip", you're awarded bonus coins, paid for by the seller! + +* DogeCity fund additionally rewards every 10th buyer with the prize pool from previous purchases + +* DogeCity wallet allows for transferring up to 0.1% of its contents to users who advertise the token, and bring in new hodlers + +* Officially Partnered with Feed All Gorillas, with 4 million Dogira tokens being allocated to FEG's staking pool + +* Audited, and approved by War on Rugs + +* Project Lead is self-doxxed + +* Community are super friendly and engaged - very reminiscent of old Doge. + +---- + +**What could be better** + +I don't believe in any "perfect coin" - there's always some problems. If you're not seeing them in your own holdings, being frank, you're not looking hard enough. Here's what I think Dogira needs to improve on; + +* Utility - right now, Dogira is a hodl token. I think when it comes to DeFi, the hodler tokens are established. Tokens need Utility, difficult as it can be to implement it while gas fees are enormous. + +* Display bug - the current codebase of Dogira contains a display bug which affects the Uniswap exchange; showing all sellers as the Uniswap wallet ID, rather than the actual seller's ID. Some have argued that this is a "feature", mind. Source code is available at https://etherscan.io/address/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1#code . Obviously, this is just a display bug - the actual coins go to the seller. + +* Hype - while community members have been posting about the coin, they're not spamming up groups shouting "SAFE PUMP, GET IN FAST"; and while that's great for keeping a massive wave of bagholders out, it also meant the token stayed relatively undiscovered. + +* Only on Uniswap - Uniswap is awesome, but tokens need to be on an exchange that accepts Fiat payments. + +---- + +**Where Dogira is going from here** + +As of last night, I joined Dogira's core founding team. The community and team have everything I loved about Doge, but without the multipool and ASIC-Driven mining problems that plagued Doge in the early days. + +Priority #1 right now is in getting a public roadmap made available, outlining where we're taking the token in the medium, and long-term future. We've outlined that Utility, and Community will undoubtedly be at the core of our plans, alongside making the token more easily accessible for purchase. + +Secondary to that, with the core team in agreement on where the coin should be going, we're now starting to ramp up our marketing efforts. We'll be going live with FEG over the weekend, creating hundreds/thousands of new holders. I'm also currently in the process of repurposing [my Steam Game](https://www.reddit.com/r/Games/comments/g47cqr/hey_reddit_in_2018_i_quit_a_crap_job_and_started/) to allow users to win Dogira tokens in an event/competition basis. While it's already had its big heyday, it's still got a small active community along with a 3,000-person Discord. (Yes, I'd love to build a full Dogira version - but gas fees are prohibitive right now). + +Lastly, in the more immediate short-term, we'll be organising for Fireside chats with the core team on our Discord. We'll be speaking directly with the community and answering questions during these, making sure everyone's on the same page as far as Dogira's future development goes. + +From there, the team will be looking towards Utility (my short time in creating NFTs, and more extensive time in working in Games Development will be up for discussion here), along with creating long-term value for Dogira hodlers and traders. + +---- + +**Wen Moon?** + +This isn't a quick moon coin. Or at least, it's not intended to be. It might well go parabolic, but the team behind it are in it for the long haul. + +Our collective goal for Dogira is to hit $1 per token - requiring around 20x our current market cap. But given we've not yet appeared on CoinGecko, CoinMarketCap, or any fiat-supported exchanges - yet still hit a $2-3mil market cap, recovering strongly from every early-investor sell-off? + +Personally, I'm insanely bullish on the future that the Dogira token has in store. And psyched to be on board. + +And of course, it goes without saying - I am completely, and utterly biased in everything I've written above. I have bought into the token personally, and have now also invested my time into it. I am not a financial advisor - I've been rugged too many times to ever have that title. Do your own research, don't get carpet burns. They take a long fucking time to get out. +If apples are more than $5 a kilo, we say "nope" to apples for a while. + +If the red capsicums are above $8 a kilo, we say "nope" to red and eat green for a while. + +Unless Nutrigrain is around $1 per 100g, we say "nope". + +What are some of your breaking points for foods or groceries? +I have noticed with falling house prices that real estate agents are withholding sale prices (on real estate apps) more and more. I’m assuming this is legal otherwise they wouldn’t all do it, but it seems to be a trend and gives off the appearance that they are trying to interfere with the market and prevent prices going down? + +Surely there are some regulatory issues here that may even be rise to have some sort of royal commission into market manipulation? + +I’ve noticed it happening A LOT on the Northern Beaches of Sydney more so than anywhere else. Prices are falling quickly, some houses are being sold for well under a million dollars but the agents aren’t releasing the figures. + +I’m interested in finding out whether I *have to* have my employer automatically deduct my income tax or whether I can just have the ATO bill me at the end of the financial year. Is that possible? + +I get large bonuses at the end of the year and lose a huge amount of it in withheld tax that I inevitably get back when I do my tax return, but I’d like to have it straight away. I’d be putting aside the tax that I’d have to pay, so I’m not worried about getting a huge bill at the EOFY, but I’d like to have that money working for me in the meantime. + +Advice is greatly appreciated. +[https://www.recode.net/2018/6/4/17414496/nearly-a-quarter-of-teslas-model-3-reservation-deposits-in-the-u-s-have-supposedly-been-refunded](https://www.recode.net/2018/6/4/17414496/nearly-a-quarter-of-teslas-model-3-reservation-deposits-in-the-u-s-have-supposedly-been-refunded) +Thought I'd share in case anyone was in the same boat as me. Essentially I started out deep in the hole, and have created a path to FIRE as a side effect of digging myself out. + +Middle class kid growing up. Went to college. As sort of a surprise (due to family stuff), I graduate with 240k debt at a little less 6% not dischargeable in bankruptcy (due to legislative change). This seems overwhelming on any likely entry-level salary, so I do a professional degree to ensure higher income starting out. + +Next, I experience a series of unfortunate events. My mother takes ill while I'm in school, and I start supporting her and paying her medical expenses out of pocket, which I will do for about 8 years. This is before you could get insurance for pre-existing conditions so it's rough until Medicare kicks in. At the same time, wife takes ill, end up doing support and out of pocket off and on for about 4, until she recovers. At some point, I have to move to an expensive area for work. + +So I do about an 80-100 hour week while being generally frugal for 10 years to make ends meet. I also get very lucky by surviving a couple layoffs with minimal unemployment during the great recession. Over time, through no fault of my own, my salary grows to about 300-400k/year. About four years ago, horrible financial things stop happening (more or less), and I take off like a rocket. + +Now I'm at a NW of 950k. 500 liquid-ish (not retirement) split 450k invested and 50k in cash. 200k in tax-advantaged retirement accounts (also invested). 250k in house. 700k mortgage at 3%. One more kid to go. Two income family, knock on wood. \~6k/month in total expenses (factoring in deductions). Could theoretically live on partner's salary, but only just. + +Considering doing FIRE once the post-tax money is around 1m and net worth is around 1.7m. The notion of making less than 2x expenses post tax is terrifying, but I might try a year to focus on health and family at least. + +Anyone else screw up and overcorrect their way to financial independence? I feel like the traditional path is to be a banker or a tech person who rode the Obama/Trump markets, and I seldom see folks like me. +* The community got burned by The DAO and will be much more cautious in the future. +* Ethereum will continue to be the platform with the most developer interest. +* Solidity will improve. +* Best practices will emerge. +* Small-money apps will flourish. Big-money apps will flourish later. +* The fork will happen, and the ETH community will truly realize it's a one-time mulligan. +* The fork will be over in a matter of minutes. +* The average person will be pleased that the DAO thief didn't get away with it. +* This whole episode will serve as an ongoing lesson, but not as an ongoing scandal. +* The Ethereum community will continue to be the source of the most innovation in crypto. +* The bad publicity received during the last month is just publicity. +* As attention grows, so will trolling. +* THAT WHICH DIDN'T KILL ETH WILL MAKE IT STRONGER. + +I was wondering, what's the method to calculate how much life insurance to buy if you have seniors who depend upon you. By seniors I mean, people 60 or older. + +The seniors are likely to need more money over time and there might be sudden financial shocks due to medical problems and emergencies. Its difficult to predict how much money will be needed. + +Now obviously, if you had lots of money, then you would have bought the biggest life insurance package. But that is not the reality for most people. So, there has to be some way to calculate the *optimal* amount of life insurance to get on yourself that is reasonable and realistic for your earnings and your life circumstances. + +So my question is: can someone explain how the methodology on how to calculate life insurance on yourself if seniors depend upon you? + +If not, if anyone can at least point to an article that would be great as well. +When I was waitressing, I was in a joint account with my dad, letting him take money out to pay house rent and now everything is gone. My dad and I have been having conflicts because I suffer from depression and he strongly believes mental illnesses are a myth. I stopped working to return to college for computer science and I haven't been doing well, at all,and campus services are rejecting their mental health services because they believe I have used their resources for too long. My dad had been really angry with me and so he left us, just like that. I wish I wasn't so damn stupid and depressed. + +There is no income in our family right now. And neither my mom or I know how to do taxes, pay bills or rent because my dad always assumed control. He didn't teach me when I asked. Right now we are both at loss and I only have the remains of my tips from waitressing to pay off bills. I failed two of my midterms and the financial stress is pushing me deeper down. + +I don't know anything about personal finance so I'm trying my hardest to research with the links given in FAQ but the bulk of information has got me paralyzed and I was hoping to get advice on this post. What do I do and where do I start? I need help please and thank you for reading. + +**Edit**: Thank you very much for all your replies. I'm really grateful to everyone for sending me their practical advice and best wishes. It really makes me happy to know that so many of you care about a stranger online. + +Also, I really want to note that **I am not, in any way, going to accept donations**. It's dangerous to send money to an online user because of your emotions. I came here for advice and I think that if a charity or donations are made to me, there will be a snowball effect for future posts and I don't want my issue to kickstart /personalfinance into a donation pool for scammers. + +Again, thank you for everything and it's been said and over done but I really can't thank you all enough. + +**Edit2** I'm really sorry I can't reply to all your comments. Please know that I read everything in my inbox and you are all very wonderful people. I think from everything I've read, I've learned that I need to start moving forward by taking responsibility, staying strong and take into mind what I don't want to hear and what I do so I can move forward by acknowledging and understanding everything that's on the table. I have a notepad filled with lots of links and advice to go through thanks to all of you. I'm really happy for all your care and kindness. Thanks to everyone who responded and for all your help. +We are planning on having children in the next year or so. + +We’re trying to think of trips we can take that would be difficult or less fun with kids. + +What fat trips do you wish you took before kids? +Good evening reddit, +I was hoping to get some advice on what we could do. + +A bit of background: We moved into our town house around 6 months ago. We went through everything with our solicitor including the strata reports.The report stated that: + +- There were no current or proposed special levies and no history of special levies. +- The Sinking Fund Plan included in the strata report provides a guideline as to how levies should be set from 2014 to 2028 so the owners corporation will have enough funds to conduct building repairs and works required. + +I've just received a special levy notice (for 'remedial works') for the amount of roughly $44k in 2 instalments, both by the end of the year. + +The only thing I can think about is for them to fix the common area tiles which are damaged (more cosmetic in my opinion) and water leaks in the complex. Which I didn't think would cost $440k. + +My question is: + +- Is this a normal amount that people get slapped with? (for reference, it is 10 units) + +- Can they need to tell us what it will be used for? + +- Can they give us such short notice? All $44k is due by August. With us buying the town house quite recently, it is a lot of our savings at this point. + +- Can they possibly allow us to extend the payment date? I have tried asking the Strata but they are not 'facilitating this at this time'. + + +TD;LR: We got slapped with a Special Levy of $44k to be paid by the end of August, 6 months after purchasing. Can we do anything about it? + +Edit: Spacing +Hi everyone, + +I turned 22 recently live in Melbourne and started my first full time job a few weeks ago as an engineer, making 67.5k before tax. That should increase over the next few years but I'll use that for my calculations for the time being. I have been planning out my finances and my future goals and have decided I want to move out and buy my first property within the next 3 years if possible. I have set up an Excel spreadsheet with my budget and have determined I can save between 25-30k a year on my current salary. Using this as a baseline I can save 75-90k over 3 years to put towards a house. This is a decent deposit, however as everyone knows the property prices in Melbourne are insane. I currently live with my parents in the inner north (pay them $650 a month for rent and board), my job is in the south east so I want to live closer to there to reduce the commute, although it isn't cheap. I think that's enough rambling so here are my questions: + +-What would be the best use/split of my savings while I am building up the deposit? Eg. Savings account, ETFs, First Home Buyer superannuation scheme? + +-A unit is cheaper than a full blown house, should I go with one or would a proper house be a better investment? + +-Is my goal realistic/achievable in the current property market? Would I be better off renting and saving up slowly to buy later? + +-Will the coronavirus kill off a bunch of old people and drop the prices in the property market kappa? + +I appreciate any suggestions (not "advice" hehe) +First off: I have 100 shares @$2.3 in Clean Spark ($CLSK). + +I see a lot of people here saying that they believe in this company as a long term investment and setting crazy price targets and such. Here is why i think it's a glorified pump and dump stock. + +If you don't know what i'm talking about, check this great post in which OP did a good job + +[https://www.reddit.com/r/pennystocks/comments/hgflao/the\_allinone\_dd\_to\_clsk/](https://www.reddit.com/r/pennystocks/comments/hgflao/the_allinone_dd_to_clsk/) + +# ------------------------------------------------------------------------------------------- + +If you look at the daily chart of CLSK, you'll notice three recent spikes in the share price, On April 9th (+66%), on May 5th (+24%) and on May 20th and 21st (\~ 30%) + +**April 9th spike** occurred because their CEO announced that the company will "import Personal Protective Equipment for US hospitals battling coronavirus" + +Source 1: [https://www.proactiveinvestors.com/companies/news/917057/cleanspark-creates-jv-to-import-personal-protective-equipment-for-us-hospitals-battling-coronavirus-shares-jump-917057.html](https://www.proactiveinvestors.com/companies/news/917057/cleanspark-creates-jv-to-import-personal-protective-equipment-for-us-hospitals-battling-coronavirus-shares-jump-917057.html) + +Source 2: [https://www.youtube.com/watch?v=g1EPV3LovHo](https://www.youtube.com/watch?v=g1EPV3LovHo) + +On the same day, the share price fell sharply from $3.5 to $1.8 which is the true behavior of a pump and dump. **The question is why would a technology company be even involved in importing PPEs for COVID-19?** Was it a scheme to pump the stock? + +**May 5th spike** occurred because of "Increase in Year-to-Date Revenues through April 2020" + +Source: [https://ir.cleanspark.com/new-releases/?qmodStoryID=5504712219996340](https://ir.cleanspark.com/new-releases/?qmodStoryID=5504712219996340) + +And yet the stock crashed from a high of $4.55 to $2 the next day. Pump and dump?! + +**May 20th and 21st** occurred because the " company's 8-K showed its CARES Act loan was approved and received proceeds of $531,169" + +Source: [https://www.benzinga.com/wiim/20/05/16080366/cleanspark-shares-are-trading-higher-after-the-companys-8-k-showed-its-cares-act-loan-was-approved-a](https://www.benzinga.com/wiim/20/05/16080366/cleanspark-shares-are-trading-higher-after-the-companys-8-k-showed-its-cares-act-loan-was-approved-a) + +The stock crashed from a high of $3.1 to $2 in one day. + +So far this stock has shown all the signs of true pump and dump. All these catalysts weren't enough to promote long term investing. + +So please don't treat this one as an awesome long term investment because as history showed, their stock price can't maintain a rally and you'll be left bag holding. + +**Edit 1**: From the historical data, it seems that this stock gets pumped and dumped in the span of a day or two. So take profits as you go. It'll be very risky if you get into CLSK with no day trades. + +**Edit 2**: It's unfathomable to me as to why i'm getting downvoted so hard. The stuff i mentioned are objectively correct. +"""The tendies are coming, the tendies are coming" - Paul Revere" - Homedepothank69" - Homdepothank69 + +Apes, I have more excellent news. This is a continuation of my [previous post](https://www.reddit.com/r/wallstreetbets/comments/mjf7mg/gme_dd_on_april_2020_similarities_to_today/) on the similarities between April 2020 and today, so please read that before reading this. This post will be shorter and more speculative but still based on DD. This is essentially just Uncle Hank adding more pieces to the puzzle that I put out the other day. As always, I am not a financial advisor and this is not financial advice. This post is going to be about how the recent announcement that GME may sell shares makes a vote and recall more likely based on GME's 10-k filing. + +I usually post on WSB but had trouble posting there, and I refuse to post on GME after what they did to our four heroes, so I am posting on here, standing in solidarity with our four heroes. Thank you to u/rensole u/wardenelite u/redchessqueen99 u/heyitspixel for all you do. I truly appreciate your posts and I know that everyone else does too! Finally, just wanna give a quick shoutout to the mods at r/GME for destroying the sub! Your brains are truly smooth, AND NOT IN A GOOD WAY. + +**GME share announcement** + +The announcement can be found here: [https://news.gamestop.com/static-files/33c3ed1d-f47e-403f-81f7-9b75d3cf1adc](https://news.gamestop.com/static-files/33c3ed1d-f47e-403f-81f7-9b75d3cf1adc) + +This announcement states that GME is reserving the right to issue or sell up to 3.5M shares or the equivalent of $1B of stock (they stated that both of these are maximums). It is important to note that at this time they have not issued or sold any shares, they are simply reserving the right to do potentially do so in the future. Again 3.5M shares or $1B in value are MAXIMUMS. They may not even sell or issue any stocks at all or may sell/issue a lower amount than the above. + +**10k Filing** + +The filing can be found here: [https://news.gamestop.com/node/18661/html#i3ad65c8584a445ee94e4314f67ce616c\_109](https://news.gamestop.com/node/18661/html#i3ad65c8584a445ee94e4314f67ce616c_109) + +Thank you to [u/keebs107](https://www.reddit.com/u/keebs107/) for showing me this. + +I want to make it known that this is not a new filing. This has been released for about two weeks. In pertinent part, the filing states: + +"There have been significant changes to our Board since June 2020 as previously reported in our periodic reports filed with the S.E.C., and we expect to experience additional changes to our Board at our 2021 Annual Meeting. As of the date of this Form 10-K, the Board has not determined the definitive slate of nominees for election at our 2021 Annual Meeting 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-Aimé, William Simon, James K. Symancyk, Carrie W. Teffner and Kathy P. Vrabeck. See Item 9B. Other Information of this Form 10-K. Turnover among our Board may disrupt our operations, our strategic focus or our ability to drive stockholder value. If we fail to attract and retain new skilled personnel for our Board, our business and growth prospects could disrupt our operations and have a material adverse effect on our operations and business." + +2. + +"***The market price of our Class A Common Stock has been extremely volatile and may continue to be volatile due to numerous circumstances beyond our control.*** + +The market price of our common stock has fluctuated, and may continue to fluctuate, widely, due to many factors, some of which may be beyond our control. These factors include, without limitation: + +•“short squeezes”; + +•comments by securities analysts or other third parties, including blogs, articles, message boards and social and other media; + +•large stockholders exiting their position in our Class A Common Stock or an increase or decrease in the short interest in our Class A Common Stock; + +•actual or anticipated fluctuations in our financial and operating results; + +•risks and uncertainties associated with the ongoing COVID-19 pandemic; + +•the timing and allocations of new product releases including new console launches; + +•the timing of new store openings or closings; + +•shifts in the timing or content of certain promotions or service offerings; + +•the effect of changes in tax rates in the jurisdictions in which we operate; + +•acquisition costs and the integration of companies we acquire or invest in; + +•the mix of earnings in the countries in which we operate; + +•the costs associated with the exit of unprofitable markets, businesses or stores; + +•changes in foreign currency exchange rates;" + +*(Notice how "short squeezes" is the first thing they list and that they use it in the PLURAL).* + +3. + +"In particular, a large proportion of our Class A Common Stock has been and may continue to be traded by short sellers which has put and may continue to put pressure on the supply and demand for our Class A Common Stock, further influencing volatility in its market price. Additionally, these and other external factors have caused and may continue to cause the market price and demand for our Class A Common Stock to fluctuate substantially, which may limit or prevent our stockholders from readily selling their shares of our common stock and may otherwise negatively affect the liquidity of our Class A Common Stock." + +4. + +"***A “short squeeze” due to a sudden increase in demand for shares of our Class A Common Stock that largely exceeds supply has led to, and may continue to lead to, extreme price volatility in shares of our Class A Common Stock.*** + +Investors may purchase shares of our Class A Common Stock to hedge existing exposure or to speculate on the price of our Class A Common Stock. Speculation on the price of our Class A Common Stock may involve long and short exposures. To the extent aggregate short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock. Those repurchases may in turn, dramatically increase the price of shares of our Class A Common Stock until additional shares of our Class A Common Stock are available for trading or borrowing. This is often referred to as a “short squeeze.” + +A large proportion of our Class A Common Stock has been and may continue to be traded by short-sellers which may increase the likelihood that our Class A Common Stock will be the target of a short squeeze. A short squeeze has led and could continue to lead to volatile price movements in shares of our Class A Common Stock that are unrelated or disproportionate to our operating performance or prospects and, once investors purchase the shares of our Class A Common Stock necessary to cover their short positions, the price of our Class A Common Stock may rapidly decline. Stockholders that purchase shares of our Class A Common Stock during a short squeeze may lose a significant portion of their investment." + +The above snippets show that GME is going to need to get an entirely new board for the annual shareholder's meeting and that the company is BRUTALLY aware that its shares are EXTREMELY shorted. This is kind of like when Porsche "warned" the market during the VW squeeze. + +**Significance of these documents** + +Together, I believe that the above documents are very significant for the future price of GME. The 10k filing is significant because it essentially confirms that they will need to do a vote. The statements, "There have been significant changes to our Board since June 2020 as previously reported in our periodic reports filed with the S.E.C., and we expect to experience additional changes to our Board at our 2021 Annual Meeting," and "the Board has not determined the definitive slate of nominees for election at our 2021 Annual Meeting but currently expects that the following incumbent directors will retire from the Board at the 2021 Annual Meeting" confirm that there will be significant changes to the board at the annual meeting, which means that a vote will be necessary. I'm gonna take a guess and say that Cohen will do what Hestia did last year and will try to nominate someone of his choice, which will force a vote. The filing also makes it blatantly clear that GME is aware that it's stock is extremely shorted and could be short squeezed again (they said "short squeezes" in the plural form). This is essentially GME covering themselves so they aren't liable for trying to manufacture a squeeze and is similar to Porsche warning the market about the VW squeeze. + +The share announcement is even more significant. As stated above, the share announcement states that they can sell 3.5M shares or the equivalent of $1B in value. The price at close on Friday (using that because that would be their reference when they released it) was 191.45. 191.45 x 3.5m = $670m, which is 67% less than their maximum of $1B in value. $1B / 3.5M = $285.7, which represents the price of 3.5m shares being equivalent to $1B in value. Now, why is all of this advanced calculus confusing maths important? It shows that GME is waiting for the price to go higher. GME did not sell or issue any shares after this announcement. Therefore, it is reasonable to assume that they plan on selling/issuing at a higher price than $191.45 (if that was their target price they would've just done this instead of reserving the right to do it). GME was also probably aware that this announcement would tank the price of the stock, so they are confident that the price will recover and go well above $191.45. Why are they confident? The 10k tells us. As the 10k confirms, GME will need to vote on basically an entirely new board of directors at their annual meeting, which, similar to last year, will require a vote (see my last post on why the vote created a share recall that made the price rise almost 3x). They are also warning the market about the potential for a short squeeze to cover themselves. Think about it this way: why would GME not actually issue new stock at this time knowing that simply announcing that they might issue new shares will make the price drop? Because they believe that it will go up above 191.45 in the near future. Why? Because they are going to call for a vote, which will create a share recall and thus a short squeeze (again, see my post for how this happened last year in April). + +Finally, this makes even more sense because of Ryan Cohen. Let me be clear, this announcement is not him abandoning us and using our diamond hands to get more money for his company. Cohen is on our side because he knows that our support is what is best for his company. Cohen wouldn't have tweeted about bears choking or getting smoked/taking a hit. He is well aware of the squeeze potential and wants to maximize it to help his company, which is why they simply reserved the right to sell shares and didn't actually sell them today. + +**TL;DR** + +The recent 10k filing shows that GME is essentially replacing its entire board at the annual meeting. This will require a vote. The recent share announcement was simply GME reserving the right to sell shares. The fact that they didn't sell any means that they believe the price of the stock will rise above 191.45. Why? A share recall due to a vote, which is similar to what happened last year. The company is also aware of the high short interest in their stock. +With demand for semiconductors continuing to outstrip supply, TSMC again plans increase prices on mainstream chips, marking what would the single steepest increase in their pricing to date. + +This is likely to improve TSMC's margins, and clients like AAPL and AMD will have to live with smaller margins or pass the price increase onto consumers. + +https://asia.nikkei.com/Business/Tech/Semiconductors/TSMC-hikes-chip-prices-up-to-20-amid-supply-shortage +Looking for some stocks to short. +Shorting is pretty rare for retail investors to do. But it actually makes your portfolio a little more balanced and more ready for a downturn. + +I’m about 70% long 30% cash and I want to short with about 1 - 10% of my portfolio. + +Some stocks I’m going to do research on as potential shorts are +Ttcf, +Nikola +And +Rivian + + +What trash companies come to mind for you? +42 -- I'm on track to hit my fatFIRE number ($5m) in 1-2 years to live in an LCOL (my hometown near my parents). + +As I reflect on my next life stage, I start to wonder -- what really changes after someone hits their NW goal. + +I read another post that explains the difference between 10m, 30m, and 100m+ NW. Certainly, life changes when the difference is significant. What's really change if you accumulate (a bit) more NW, say 25%, 50%, or even 100%? + +To be specific, if you add another 50% (for me, another 2.5M), or even 100% (another 5M) to your number, what actually changes? + +I'm contemplating the following (i.e. guessing) when I hit 1.5x of my number: + +* \[Sense of safe\] Keep a bit more cash to increase the feeling of safety -- weathering the storm in the stock market. This could be achieved by, instead of having cash for 2 years of expense, keeping 3 years of cash needed aside in your checking. +* \[Buy some more comfort\] Travel in business class instead of coach one even I feel there's no need -- like short flights (<3 hours). This also includes using an uber black / uber SUV / limousine when I don't really need them most of the time, especially for short trips (in which you may end up waiting longer for the car to arrive). +* Donate and tip more generously than the standard. + +All of the above are my guessings. I know many here must hit 1.5x or 2x sooner or later in their fatFire life, what really changes when you accumulate 25\~50% more? +Hello. I posted this on personal finance but people were getting snarky so I thought I’d try here. We are trying to figure out what’s an actual healthy amount to spend on a house. My husband and I are 43 and bring in around 500k/year. Our retirement savings are maxed out, though not as robust as they should be due to late start (grad school, moves, establishing careers, etc.) We currently have a house we bought for 380k. We owe around 250k on the mortgage and it is valued at 470k. It is getting small for us so we either want to add on or move. We have no debt and our current net worth is 900k (not fatfire range, I know). We do have 2 kids in private school, which is $25k per year total. What role does a house play in a total investment picture? Is it always best to spend as little as possible? Or can it play a healthy role in total portfolio? Any snark-free advice is appreciated. Thanks! +original: [https://opendatabot.ua/analytics/bitcoin-2021](https://opendatabot.ua/analytics/bitcoin-2021) + +translated: [https://translate.google.com/translate?hl=&sl=uk&tl=en&u=https%3A%2F%2Fopendatabot.ua%2Fanalytics%2Fbitcoin-2021](https://translate.google.com/translate?hl=&sl=uk&tl=en&u=https%3A%2F%2Fopendatabot.ua%2Fanalytics%2Fbitcoin-2021) +Title says it all really. This subreddit has been good to my gains this year so I'd like to give back by providing this service if its useful to people. I know solutions currently exist but have heard pretty poor things about them. So I'm trying to gauge how many people might be interested in something that takes the documents the exchanges give you and generates actual useable data by going back and looking at market history and determining US dollar value at time of transaction. + +I could write this pretty quick but won't waist my time if there is no need. Upvote or comment if you have interest in something like this. Feel free to give suggestions on what you would like to see included in the product. If no one needs this then I won't bother developing it for the public. You're call reddit. + +Edit: Developers pm me and I can send you repo details soon if you would like to contribute. + +Edit 2: Lots of messages from awesome people looking to help. This might just become something! I will be getting back to all of the developers who messaged me... might take me through the weekend to get back to everyone. +I ask myself if it makes a big difference to reinvesting Dividends once a year instead of directly after i receive them. +The point is in Germany there is no DRIP programme for single stocks so you have to adjust your monthly savings plan to the Dividend you just received. Once a year its not the big deal but to do that every month is stupid for me.. +I work for a private venture backed company (series C) at $20M annual revenues. The company is at 80% growth although not profitable. + +I want to sell some of my stock for down payment on a home. The company is not listed on sharepost or other private stock exchanges. + +What are my options to sell some private company stock or get some debt against it? + +Edit: if this is not the right forum, let me know if I should post this somewhere else? +Obviously a very highly anticipated earnings call tomorrow. + +Between earnings being moved up a week, the tweets, the fed rates, and a bunch of other shit, tomorrow is the biggest hype day we've had in a while. I can't lie, even my cold, dead, tits are getting a little bit jacked. + +Not trying to be a downer, but please keep in mind all the previous hype days. Remember 'Bastille day'? I bit hard on that one. Remember what they're capable of. You don't see these things coming, that's how they work. + +Did you verify that tomorrow is Ryan Cohen's dad's birthday? I sure as shit didn't. Seems like someone would say something if it wasn't, but for all I know, it's on Christmas. I think many of us, myself included, don't check because we want to see that light at the end of the tunnel so badly. + +I'll be honest, I'm tired and I want this to be over. I know every day is hype day and the price is fake, but I'm really god damn sick of being stolen from and mocked for it by the rest of the world. + +This doesn't mean I'm going to sell. On the contrary, I've increased my position by over 15x since my first buy last January. It just means I'm sick of putting my hope in ambiguous shit. No matter what happens tomorrow though, we have something unambiguous in DRS. + +It doesn't matter whether you think DRS will cause MOASS or not. At a bare minimum, we're effectively reducing the tradable float of a company that's only supposed to have 75 mil. shares. At some point, the fuckery has to stop. Gamestop isn't going anywhere, they'll build an incredible business that people will buy, and at that point the basic laws of supply and demand will have to be acknowledged. + +No matter whether that point is tomorrow or in a year, we can act today to expedite the process. I believe we hold enough shares in this sub to DRS the entire float, but we have to stay focused. They will take any opportunity they can to slow this down/stop it, we can't let hopium distract us. + +**Keep directly registering shares. Keep spreading awareness about it.** + +I hope this ages poorly. + +<3 +Selling off all my crypto is actually a big deal to me. Im a bit of a die hard. And yet here we are. I've been a GME shareowner since February. I've always believed GME is the best play, but it's becoming more apparent that it is the only play. Yes I still own one other stock that I won't mention, but I no longer have any crypto. + +** I have also left quite a few different Reddit sub communities I was in.** + +Edit* won't be 9:30 because funds of sold crypto will likely not be available in my account on Tuesday morning yet. Asap tho +I've been personally thinking about about this question for myself a lot these days, as market reversal hit my NW in last few months and made future projections more unpredictable regarding financial planning, and tbh has been emotionally draining + +Through some self reflection, I found that my own drive towards FIRE is ultimately about having a free mind to pursue things meaningful to me, I don't even know clearly what those things are, just that life is short and I no longer want to live life and make decisions solely based on money + +I would prefer to live way below my means if a certain minimum income can be guaranteed post FIRE, and would want to enrich my mind with diverse and deep experiences, still not sure how, but spending more time traveling and reading would be there + +For this future, I've often had to sacrifice my present by being frugal about leisure spending, and initially this was painful, but now I've adapted to some extent by reminding myself about my priorities and that I can't have everything in life + +I'm wondering what's the drive for other FIRE community members like yourself? And would like to discover some of the other driving forces which may be present in latent form in myself as well, so that I can be furthermore focused on achieving FIRE with clarity of purpose +After reading so many questions about flying privately in the months since Covid first hit, I reached out to the mods to ask if an eventual "FAT Guide to Flying Private" would be a well received post. In order to best serve the community, I wanted to make this post as a precursor to find out what questions the community really has about flying privately. + +&#x200B; + +I will try to curate the FAT Guide based on the comments below. I am a commercially rated pilot and manage a Fortune 100 corporate flight department, as well as fly my own aircraft for leisure and personal business. I've worked for the last 5 years in General Aviation - the term for civil aviation that does not include the airlines. + +&#x200B; + +All of that said, fire away! +After reading so many questions about flying privately in the months since Covid first hit, I reached out to the mods to ask if an eventual "FAT Guide to Flying Private" would be a well received post. In order to best serve the community, I wanted to make this post as a precursor to find out what questions the community really has about flying privately. + +&#x200B; + +I will try to curate the FAT Guide based on the comments below. I am a commercially rated pilot and manage a Fortune 100 corporate flight department, as well as fly my own aircraft for leisure and personal business. I've worked for the last 5 years in General Aviation - the term for civil aviation that does not include the airlines. + +&#x200B; + +All of that said, fire away! +Noob here. + +Watching BTC fly passed every 1k milestone possible this week. Somehow we are stuck and going down. How is it not impacting us here at all? The charts were essentially a mirror the other week. But they are completely different patterns now. What gives? + +I bought in at 470 and could’ve bought BTC for 9k but elected to wait. Feels like he worst choice ever now. +**TL:DR - Ryan Cohen is singlehandedly creating systemic change to the finance industry, destroying malicious SHFs by completely eliminating abusive naked shorting on a whole basket of victimized securities; a result of bringing them onto the GME peer-to-peer blockchain exchange. This has been the plan since August 2020.** + +Lets rewind to August 2020, well before the coining of the phrase "meme stock". Tesla was the retail darling and the crypt toe scene was priming for it's most recent bull run. Some weird guy name DFV was being ridiculed by the main sub for playing a dying B&M. And then this happened: + +&#x200B; + +[RC Ventures SEC Filing dated August 28th](https://preview.redd.it/2d5utxlk60m81.png?width=1643&format=png&auto=webp&s=bf355a001454155f574c3ddcfc704fe120f156a5) + +Ryan Cohen bought his first position in gamestop, nearly 10% of outstanding shares. His first shares were bought between August 13th 2020 and August 28th 2020. What else happened during this time frame? Oh right, the climax of a short squeeze of epic proportions, where the stock ($OSTK) ran 5,000% in the span of a few months: + +&#x200B; + +[Pretty cool, but no MOASS \($OSTK\)](https://preview.redd.it/pfv7rylxb0m81.png?width=1175&format=png&auto=webp&s=08d8e09efd116d88372106865e08367c5ba47316) + +You might say hmm, that's a nice coincidence, but what does it have to do with RC's decision to go all-in on GME? Well, I believe it has **everything** to do with it. This stock in question is Overstock, which I'm sure most apes are familiar with. In case you aren't, it's a security which suffered from abusive naked shorting for years. It's former CEO, Patrick Byrne, was one of the few to speak out against wall street, specifically about naked shorting against his company. Unfortunately he became a quite controversial figure, and stepped down as CEO following revelations that he had been in an intimate relationship with Russian spy. Anyways, I digress. The point being is that Patrick tried everything to shake the shorts on his company, eventually invested into blockchain companies, including tZero (sound familiar?) and issued the world's (afaik) first crypto dividend in an attempt to shake off the shorts. Despite the subsequent lawsuits, his company ultimately won the litigation and set the precedent of crypto dividends in the future. + +You may say "OK Great, but I still think this is a coincidence. RC didn't buy into GME because of Overstock". Well let me inverse that logic. Let me ask you, if you saw the run that OSTK went on, assuming you have enough time and assets, **why wouldn't you replicate the squeeze but with a deeper value, more heavily shorted stock?** If you were to do this, the most logical stock to replicate this on is **the most shorted stock on any American exchange.** And guess what, at the time, Gamestop was the only stock shorted **more than 100%** of it's outstanding shares. That, along with it's proximity to tech/blockchain sector (to allow for plausible deniability of price manipulation and a reasonable strategic pivot into the blockchain space) made gamestop the obvious choice. + +&#x200B; + +But Ryan is smart and had second mover advantage. He saw Overstock's squeeze as a temporary fix, merely a band-aid on a systemic issue. See Overstock is still a heavily shorted stock. Sure it's trading at a valuation several multiples higher than before, but one could make the case that it's still manipulated and true price discovery hasn't occurred. It's price movements correspond more with the meme basket than SPY. With a crypto dividend, the SHF could merely pay a cash equivalent for the dividend and call it day. Good for a little squeeze, a little temporary relief. Ryan's not one to do anything half ass, RC wanted to stop naked shorting once and for all. If only he, or his spouse, knew someone working on cutting edge tech to address this: + +[Credits GMEDD. RC's spouse's first name redacted in this image for privacy reasons. ](https://preview.redd.it/5jq6wuvsh0m81.png?width=600&format=png&auto=webp&s=a0bb7530a32a1188422e5a30990403f9ab2b4398) + +Finestone hmmm... now why does that name ring a bell. OH RIGHT. Matthew Finestone of Loopring. Wait no, he left for a once-in-a-lifetime perfect-timing, far-reaching opportunity at Gamestop. Matthew Finestone, a former **Bond Trader and Fixed Income Trader** at an Investment Bank, with a **Market Structure Background.** Loopring, a company which has patents to **prevent front-running transactions on decentralized exchanges**. I think most of us at this point are familiar with the theory that loopring's role with gamestop is to provide a decentralized stock exchange. If you aren't please read this incredible DD by u/bosshax: [https://www.reddit.com/r/Superstonk/comments/t7ghsf/gamestop\_loopring\_tokenized\_peer\_to\_peer\_stock/](https://www.reddit.com/r/Superstonk/comments/t7ghsf/gamestop_loopring_tokenized_peer_to_peer_stock/) + +If this theory is correct, this would eliminate **ALL NAKED SHORTING** of the security. Trading of GME would be limited to 76M shares at any given time, and more importantly, there would actually be price discovery of the security, something which the NYSE CEO has even admitted isn't happening right now. + +Ok, so we'll have MOASS if we bring GME onto a decentralized exchange which GME facilitates. End game right? Well, like I said, RC isn't someone to do anything half ass. He dislikes naked shorting so much that he's looking for systemic change. Don't believe me? He said it himself yesterday: + +[Letter to BBBY](https://preview.redd.it/5786rbebl0m81.png?width=948&format=png&auto=webp&s=19722b37249b7e97644d245ef1dc54048afc562e) + +The great thing about a decentralized stock exchange, once the infrastructure is there it's very scalable. Any stock would be to trade on it. Which companies would be most incentivized to do this? Ones targeted by predatory shorting of course. A company like BBBY. Or maybe even just their successful Baby brand. Really, any of the meme basket would be silly not to join this exchange. + +How would bringing these victimized securities over to the blockchain be reflected in the price of the security? Let me give you a hint: + +[RC's BBBY $80 Strike Calls...](https://preview.redd.it/qgse9t88n0m81.png?width=1901&format=png&auto=webp&s=470a2be3d5f947000e7a51313bfb19d6860ef657) + +Now that's a CHAD move if I ever seen once. I could go on and on, but I think I'll stop here. + +**TL:DR - Ryan Cohen is singlehandedly creating systemic change to the finance industry, destroying malicious SHFs by completely eliminating abusive naked shorting on a whole basket of victimized securities; a result of bringing them onto the GME peer-to-peer blockchain exchange. This has been the plan since August 2020.** +Insurance costs seems to be rising much faster than CPI for the last few years. My example: + +Home + plus contents (my PPOR): This year insurance went up by 20%. The year before it went up 15% +Home (Investment): This year went up 18%. Previous year was about 15% increase. +Car Insurance: This year up 11%, last year 10% too. + +In metro Melbourne. No flood or fire risks. Good area with a low crime rate. + +I haven't made any claims. Insurer is Suncorp. I've shopped around, and all the quotes I've got are comparable or higher. + +No posting to whinge. Just wonder how sustainable this is. If insurance costs keep going up 10-20% every year, it will quickly become unaffordable for many people. My Mum for example (single pensioner) struggles to pay all her insurance bills and I end up helping her to pay. +I know we’re hitting an downturn in the economy and I’m worried that instead of building my savings I’ve been throwing all my money at my student loans every month. + +I have a degree in computer science and just graduated last year, I love where I work its a great company and I learn a lot but as a new dev there’s not much I can contribute that a senior dev can’t already do. I’m basically just an extra set of hands that knows the basics. So that’s not great for job security. + +I live at home still, my parents couldn’t help pay for school out of pocket, but they said they could help with reducing my living expenses. Which I am forever thankful. + +So I make 3800$ a month and pay 3000$ every month on loans. The only other required expense is that of owning a car. Outside of that I have a gym membership and some subscriptions I can cut out if need be. + +I have about 4000$ in savings. + +I am now less than 20k in debt and if everything goes smoothly I can be debt free around August/September of this year. + +Basically, am I doing this right? + +TLDR: most of my income goes to paying for student loans, should I start building my savings instead and hold off on paying my loans down so excessively and just do minimum payments? +Iv been using credit cards for a while and debit cards and yes the perks of credit cards are nice, I find myself swiping and not thinking about it until it comes time too look at my bank account. Does anyone here use strictly cash for there day to day spending to help conserve their money?? Or give them selfs a cash allowance for your set pay period? If so how do you make it work? +Over the space of about 10 minutes, someone dropped $100M in BTC and $60M in ETH on the market causing BTC and ETH to drop. + +The price is already starting to head back up, so if you're a "buy the dip" HODLer, now's your chance! + +EDIT: An hour later and the trading volume is still minimal. Lots of strong hands not scared by the sudden drop. I wouldn't be surprised to see them keep trying until they find the coins they're looking for. Remember that no sellers at the bottom of a short means the seller gets squeezed. +Just got a 20&#37; cut instead of the annual 5&#37; raise due to budget in the company. Shouldn't have stuck around for altruistic reasons (seeing a project through to completion). Should have done better by myself and my family when I saw the future wasn't going to meet our needs in the right way. +My wife (32f) and I (36m) currently have around 450k in retirement accounts. I’m considering the idea of ceasing contributions to those accounts (403bs for each and Roth IRAs) and putting all our extra money into other investments. The 450k is reallocated each year following the bogleheads 3 fund strategy, but a bit heavier on VTSAX. + +We also own a 4plex (180k at purchase) which about breaks even and a townhouse (250k) at purchase. Rents are 3,000 and 1850 per month, respectively. + +If we don’t contribute anymore to the retirement accounts I figure that when I’m 62, we’ll have just over 2MM in retirement fund assuming 6% annual growth. And I think that’s enough. + +I want to pay off my primary mortgage, rentals, and invest in other things I have yet to discover. And some in probably a taxable account too. + +Is anyone else doing this? Am I foolish to stop contributing with only 450k? + +(Combined income for wife and I = ~225k/year +And I do consulting on the side, this year looking at 25k after tax. I don’t count this in projections, it mostly used to offset childcare.) +I know it's still profitable in the long run but is it still worth doing it? Now that selling premium is so mainstream and everyone knows about it, if everyone sells options now (instead of buying options)... Seems like supply and demand would get disturbed and suck out all the premium from the option sellers. For people that have been doing this for a long time did you see a change in profits over the years or is it still relatively the same? +It just occurred to me that the ETF decision and 30+ day withdrawal moratorium for Chinese exchanges, could coincide and/or happen very close together. + +If the ETF is denied (which I believe will be the case), is it possible that those two events together could lead to a massively crowded run for the BTC exits. + +There must be a fair number of Chinese holders who are pissed, concerned, etc. that they haven't been able to move their BTC off exchange for the past few weeks. Were I in that boat, I'd probably be looking for an exit ASAP after the moratorium was lifted. + +The impetus to exit their positions may even be greater now than when the moratorium was instituted, in order to lock in their gains from the run up in price during the freeze. Sure, some might hold hoping it will go higher. But, I don't think that will be anywhere close to 100% of the people affected by the moratorium. + +Add an ETF denial onto the fire at around the same time, and it looks to me like we've got a *potential* recipe for disaster. +Is it possible to see the number of Chinese ICOs launching on ethereums blockchain or that have launched and their market cap as a percentage of total capitalization of all ICOs on ethereum blockchain? + +Isn't this a bigger issues for NEO rather than ethereum? +I put $15 birthday money into eth since I'm a younger teen and it's at $90 now. I would've invested more if I had more. + +I'm pissed. Will there ever be another opportunity to make this much return by clicking a few buttons? +I saw a post by [u/scwizard](https://www.reddit.com/user/scwizard/) about this SCA not long ago and thought if this a fresh Amendment (which it seems to be) to the Standard Client Agreement it needs apes attention asap, especially apes using IB! + +EDIT: Agreement was posted on 4/16 so many apes are likely already aware + +* link to the full written amended agreement [https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration\_v2.formSampleView?formdb=3203](https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration_v2.formSampleView?formdb=3203) + +&#x200B; + +After reading this it's clear to me that Interactive Brokers is sending a clear signal and my interpretation - please transfer the fuck out of our platform immediately or give us complete anatomy over your portfolio and zero liability + +&#x200B; + +"For IB LLC accounts opened prior to April 16, 2021, the Amended IB LLC Agreement will be effective as of June 11, 2021.  Continuing to maintain an IBKR account after June 11, 2021 shall constitute acceptance of the Amended IB LLC Client Agreement.\* + +&#x200B; + +This new standard client agreement for IB clients basically de-risks IB and would allow them to stop a client use of services at anytime with for any length of time, without prior notice. WADAFUk? + +https://preview.redd.it/sa9dgxrq9my61.png?width=714&format=png&auto=webp&s=8a1aea5e0a6778478d105208dc80c26dc3a69c53 + +I'll just highlight a couple WADAFUKs from this small piece linked below + +\- Exchanges, Markets and Dealers apply there own filters and limits which may cause clients orders to be delayed in submission and execution!!! WADAFUK? + +\- Filters may result in cancelled/rejected orders WADAFUK? + +\- IBKR may cap the price/size of the clients orders before they are submitted to the exchange WADAFAK? + +&#x200B; + +\- Here is a good one - IB reserves the RIGHT in it's sole discretion without notice to put order limits on any client order and will not be liable for any effect of filters or order limits implemented by them or by an exchange, market or dealers..! DA-FAK!!!!? + +&#x200B; + +https://preview.redd.it/ayhr6qybemy61.png?width=711&format=png&auto=webp&s=a2521443c7f3b203909478d6893255b8796f77da + +Here a small part incase your tired as fuck and skim it - IBKR has the right to liquidate options or rights position prior to expiration, lapse some or all of the options (i.e., instruct that they not be exercised), even if in-the-money at expiration. Client shall have no claim for any damages/lost profits resulting from IB + +https://preview.redd.it/lzpzvsoggmy61.png?width=745&format=png&auto=webp&s=9e82e4d892a35a97c07fe0b07527538a627535f0 + +There is a lotttt more juice in this amended agreement and I highly suggest you read it in full🚀🌚🔜 + +[https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration\_v2.formSampleView?formdb=3203](https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration_v2.formSampleView?formdb=3203) +I started my investing through Zerodha, but was curious to see the services offered by a full service broker. I began by opening a 3 in 1 savings account at Kotak which enabled me to negotiate my brokerage rates. + +**Negotiated Brokerage rates:** Cash - 0.30%, Fut - 0.03% + +**Pros:** They offer Call and Trade facility with a personal RM assigned to you who you can easily contact anytime. These RMs have obviously their own targets so they try to fondle you to get you to buy stocks. They also give you **research calls** which are surprisingly different to the ones that you can see under the research reports section on the website. The RM claims a 70% win strategy, I have received 5 calls till now out of which 3 where wins, 1 was a loss and 1 is still an open call. + +Another major value addition is that you know your money is safe as Kotak Securities has a very reliable track record. They also have a great support team. + +**Cons:** + +They offer some 3 websites, 1 mobile app and 1 downloadable software called Keat Pro X. Now this is where shit gets confusing. These all have a really outdated User Interface that looks from like its from the 90s. I still cannot understand how Keat Pro X really works and its slow and really unstable. So I prefer their online trading website, but that is also pretty slow and poorly designed. They have a shitty charting software which is of no use whatsoever. Their mobile application is decent but comes nowhere close to that of Kite. + +**Conclusion:** + +I think I am going to make a few attempts at trying to get a hook of how the software and the websites work, but I think I might switch back to Kite as its extremely user friendly and easy to understand. Kite also has an excellent charting tool(tradingview). If you want to have a good sleep at night knowing your money is safe and make use of the RM and their team's research calls then try it out. + +P.S - If anyone else here uses or has used Kotak Securities please let me know your thoughts and how I could better use the softwares they provide as I found it slow and cumbersome. +Sonova Holdings: SONVY or SONVF + +Biden recently issued an executive order to speed up the roll out of OTC hearing aids. And hope to start implementing otc between March-July 2022. + +The hearing aid market doesn’t seem to have a whole lot of investment activity compared to other health industry markets. There is an undeniable growth in the market share since this past year. In 2017 Congress passed a law that allows for over-the-counter hearing aids to be sold in the US because hearing aids are not covered in the ACA or Medicare. +Hearing aid corporations have been very much against this idea of OTC hearing aids because they feel that hearing loss is very complicated (and it is). Most hearing aid companies saying that they have no interest in developing an otc hearing aid. Similar to OTC glasses you can buy at the pharmacy. + +Sonova Holdings is a behemoth in the hearing health industry and this past May 2021 they recently purchased a smart tech headphone/earbud company called Sennheiser. This purchase is in preparation for the OTC hearing aid rollout next year. +Some other notable companies they own are: +Phonak (pediatric hearing aids) +Unitron (micro hearing aids) +Advanced Bionics (cochlear implants) +AudioNova (Europe’s largest hearing aid retailer) + +The acquisition of Sennheiser will definitely raise the bar for sound quality targeted toward hard of hearing individuals. The biggest dilemma in hearing loss is identifying which frequencies need to be amplified and which ones don’t. + +Pro: OTC hearing aids will reduce the stigma with hearing technology and open the door to costly prescription hearing aids. OTC is only intended to mild to moderate hearing loss. Individuals with persistent hearing loss will eventually need prescription hearing aids. 25 [states](https://www.asha.org/advocacy/state/issues/ha_reimbursement/) have supplemented the ACA with hearing aid coverage mandates for children and 5 of those states also cover adults. Insurance coverage for hearing aids continue to expand. + +Con: otc hearing aids could potentially take a large portion of the market share. Larger tech markets like Apple might try their hand at OTC Hearing Aids. There’s still stigma with hearing loss. + +Disclaimer: I don’t work for any tech company. I have a 6 year old who wears cochlear implants (CI). He was born deaf and at 9months old had a surgical procedure that inserted electrodes in his cochlea to make him hear synthetically (he speaks and hears really well). The first thing a parent or CI patient is told to do is to choose 1 of 3 Cochlear implant brands to have for the next 30 years. So you get very familiar with all of the brands from all of the initial research. I’ve been keeping my eye on the market for some time. + +Some other corporations on the market are: +Demant A/S +Cochlear Limited +Everyone always says, that paper trading is completely different than live trading because of your emotions. I see why that makes sense, but for me that doesn't seem to be the case. + +When I got into trading I did immediately go live, lost money and just now, about a month ago switched to paper trading. Heard that's how you do it haha + +Well, now I noticed that I feel exactly the same emotions paper trading, as before when I was trading live. I feel like this is because I care a lot more about the process and making good trades, than I care about the money. So when I do stupid stuff, break my rules etc. I get emotional because I fucked up the process even if I didn't lose real money. + +Anyone else experiencing the same? And to those who feel different when paper trading, do you get no emotions at all or just less, compared to when real money is on the line? +My friend recently went on a first date with an aussie guy, he says hes currently $75,000 in debt as his ex partner (de facto) went to the bank alone and took out a 150,000 dollar loan without him knowing and it was apparently a joint defacto loan. Is it even possible for 1 partner of a relationship to take out a loan in their significant others name without their consent? Would a bank even allow this? I found the story very sus and wanted to do some digging. This supposedly happened in australia. + +Any info appreciated, TIA + +EDIT: I agree, it is a weird thing to bring up on date #1 but i guess they were talking about past dating experiences and it came up, definitely a red flag and Ive passed all of your comments on to my friend! + +EDIT 2: update! They ended up only going on a few more dates and then decided they werent interested in pursuing so nothing more happened - nothing to worry about i guess! +The argument behind the fact that ''reversing losing strategies'' won't turn them into profitable is often the fact that finding consistenly losing strategies is almost as hard a finding consistently profitable ones but after some months into coding algos I found myself with a lot of incredibly shitty ones when it comes to performances but even after reversing their entries and stops they still look shitty. + +I pretty much accepted that, I just can't understand the theory why this happens. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +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 been bugging my friends and family on and off about ETH for the past year and sending them a lot of data on Ethereum and the technology. + +Only recently after sending them that NYTimes article about EEA as well as the respective price boost did they start asking how to buy in. Is anyone else as excited for the next generation of the Internet? +With the current pace of the crypto market (ripple, eth etc..) I think we're witnessing something special here. A lot of this sounds very reminiscent to the books I've read on the dot com bubble. + +The speculation back then made many people rich -- which is great. (Not so much for people who got hit by the bubble though..) + +**My question:** Has ETH changed your life? If so please don't go crazy. + +I just came across a guy on facebook who seems pretty serious about buying a lambo + +I mean, I bought the Vitalik TShirt too, but I don't think we're at that point yet. If you're buying a lambo --- it better be only a portion of your profits lol. + +I read a post on here about this guy having to use his ETH fund to help his dad out. Life throws some curve balls, and we gotta prepare for that! + +Anyway, this is just a friendly post, from a guy who has seen many different worlds. Always prepare for the rainy day. + +EDIT: For those PM-ing me, I'm referring to this : [Vitalik Lambo](https://www.blocktees.store/products/heavenly-vitalik-lambo-ethereum-t-shirt) +With the current pace of the crypto market (ripple, eth etc..) I think we're witnessing something special here. A lot of this sounds very reminiscent to the books I've read on the dot com bubble. + +The speculation back then made many people rich -- which is great. (Not so much for people who got hit by the bubble though..) + +**My question:** Has ETH changed your life? If so please don't go crazy. + +I just came across a guy on facebook who seems pretty serious about buying a lambo + +I mean, I bought the Vitalik TShirt too, but I don't think we're at that point yet. If you're buying a lambo --- it better be only a portion of your profits lol. + +I read a post on here about this guy having to use his ETH fund to help his dad out. Life throws some curve balls, and we gotta prepare for that! + +Anyway, this is just a friendly post, from a guy who has seen many different worlds. Always prepare for the rainy day. + +EDIT: For those PM-ing me, I'm referring to this : [Vitalik Lambo](https://www.blocktees.store/products/heavenly-vitalik-lambo-ethereum-t-shirt) +I have been growing weed in northern California for almost a decade and have decided to get out for many reason, mostly because all the people that work inside the industry are either idiots, douche bags or both. Thankfully I have do ok inside the business and have been able to takeaway about 200k in both cash and soon to be liquid home equity. My question is what would be the best job to train for to maintain a cashflow. I can dedicate myself full time to any training whether it be at home or in school. I have two Associate Degrees in Science and Liberal Arts, and I have been teaching myself Python but only for fun. I honestly don't know what the best next step would be. I have been working secluded in a black market for for years and am unaware of what the career landscape is in these modern times. For example, I'm pretty sure truck driving would be a bad choice. If any of you have advice that would be much appreciated. Also I would be happy to answer any weed industry questions if you are curious. + + +update; Sorry if I seem negative or combative in some of my responses to your suggestions. It is only because I was not specific as to what I wanted in my next career. I truly appreciated all your advice. Knowing what I don't want will help me find what I do, aka every comment helps. Thanks again everyone. +I will leave income out of the discussion and focus on expenses here. Have you folks had a more “expensive” year in 2020 relative to prior years? I’m thinking most people had greater costs due to extra school/childcare needs, food delivery which is generally more expensive, etc. + +How is your spending going in 2020? +It's what makes that sub a great place to be. Hit me up by DM. PLEASE, don't feel ashame. If you need it, hit these guys, no questions asked. + +Edit 1: + +1/ wish I could give more but my $50 are gone. https://imgur.com/a/V2cbrPS + +2/ u/ajrocco is also offering support. Hit his/her DM + +3/ u/friedchickenman12 is also offering support. Hit his DM. + +4/ u/Puzzleheaded_Cup_531 is also in for 5 X $10. Hit him up! + +5/ u/unknownuser5938 is also in for 5 X $15. Hit DM. + +6/ fellow Aussie u/DrewDrawsPlans is also in. Hit his DM. + +7/ u/half_dane / boom, one more. Hit his/her DM. + +Apes together strong + +Edit 2: wow, what started as a "small" contribution as grown in a massive effort from the community to also support. Hit these amazing guys/girls in edit 1 if you need a hand. No shame! + +WOW. AMAZING RESPONSE!!! APES TOGETHER STRONG +I've monitored the Altcoin's dips during the bitcoin recent fall and accepted that as normal, however with Bitcoin rebounding in the past fortnight I expected to see the altcoins do similar. +I've adopted the mentality of hodl'ng but am getting concerned at seeing the daily losses on every coin I'm invested in at some stage need to address re-visiting my strategy or start reaching out for opinions. + +ARK, LSK, XMR, NAV, DASH, OMG, MAID, FCT, BCH ETC, ETH, RISE and around half a dozen others are all tanking and I'm losing serious money. Looking at Coinmarketcap regularly shows the highest gainers being some new coin that has materialised that opportunists are jumping on, but any Alt's I'm familiar with shows almost no upward progress. +Common sense would raise alarm bells and say exit now while until this trend finishes or move back to Bitcoin while it's in the green or be licking my wounds in a few weeks, but am stubbornly maintaining the logic of you don't lose until you sell at a loss. + +Does anyone have thoughts on what's occurring as I'm at a loss (in every sense) of what I should be doing. + +-edit this was categorized as TA but is more asking for support on the best strategy. +Hello! + +I've (M33) been browsing here to find out what I can do for or about my aging mother. She's in her 50s and literally lives paycheck to paycheck. Her rent is about 40% of her take home pay and she has a mid 2000s hatchback that is falling apart with every mile. While being paid off, it has some serious issues which she just seems to ignore. IE she drove in Arizona, where we live, with no AC for a whole year, opting instead to just drive with the windows down.......in the 110+ weather. + +She has no checking account, savings, retirement or anything more than her standard bi-weekly check. I pay all of her bills, and give her an allowance out of her pay to basically live off of. She has tried to get a checking account and all the local banks refuse, but she wont tell me why. She is such a secretive person I do not even know her birth year, or date 100%. She claims she is escaping the things in her past so she cannot divulge. Absolute lunacy... + +Anyway I imagine she will eventually become my financial burden which I do not need or want. Since she lives a cash based lifestyle, she has no debt to speak of but I am afraid her eventual passing may bring up some proverbial financial skeletons. + +Some questions: + +Can I take out life insurance on her to help offset her end of life expenses etc? + +Can I check if she has filed taxes recently? I am under suspicion she has not in a few years. + +I suspect she may owe money to some banks. Can I check that out too? + +While many will suggest to sit down and have a frank, albeit hard discussion with her, I've tried. All she does is avoid it, throw a fit or some other tactic to avoid the current situation. + +Help me figure out how to help her, o at the very least minimize the burden on me and my immediate family as any major expenses would put us in dire straights. + +Thanks in advance! + +For all you sellers of att +Are you guys buying back with the price this low? +I personally think it’s so undervalued even with the dividend cut! +What do you guys think? +Hello everyone, + +I’ve basically been working on trying to build a monthly income from high yielding monthly paying dividends and just wanted some clarification on workings and whether the below would work. + +I have downloaded a spreadsheet of all the monthly dividend paying companies, and work out the best value for money based on dividend yield and price. + +Appreciate there will be some price differences between the below and current as this was put together some time ago. I also understand that dividend payments can change and price fluctuations could effect income and P/L. I also understand that using this method may not draw out the ‘best’ companies. + +OXSQ - $4.65 - 9% Yield ($0.04 Monthly) - $13,953 - 3001 Shares +PBA - $28.54 - 6.9% Yield ($0.22 Monthly)- $15,599 - 547 Shares +PFLT - $11.98 - 9.5% Yield ($0.09 Monthly) - $15,914 - 1328 Shares +PSEC - $7.81 - 9.2% Yield ($0.057 Monthly) - $16,388 - 2098 Shares +AGNC - $16.89 - 8.5% Yield ($0.115 Monthly) - $17,551 - 1039 Shares +DX - $18.97 - 8.5% Yield ($0.128 Monthly) - $17,805 - 939 Shares + +So does this mean for roughly $97,000 I can get paid roughly $720 per month? + +**I’m from the UK so it basically translates to £71k for roughly £570 per month.** + +The plan is to slowly build the portfolio, one stock at a time achieving the total number of shares to provide roughly £100pm, reinvesting the dividends as I go. I will eventually (if achieved) continue to add more ‘secure companies’ paying monthly/quarterly dividends stocks (AT&T Etc). + +Just wanted to know peoples thoughts, risks, advantages / disadvantages and whether this would be feasible. + +Thanks! +Good morning everyone. + +I wanted to get some toughts/opinions on where to park $180k for the best monthly dividend return. I am not worried about growth on this particular portion of my portfolio, just monthly dividend returns that will not be directly reinvested. + +I am stuck between QYLD, XYLD, JEPI etc. Looking for other recommendations that I can research as well. + +I am good with using margin if it makes sense for additional return leverage. + +Any thoughts/recommendations are appreciated. + +Thanks! +With ICO's coming up left and right, it gets rather confusing for investors to choose which ICO to invest in. Not all of them have been able to raise enough funds which makes it necessary to do a little research before putting your money in. Ethereum is the best example of a successful ICO so far, they raised $18 M i.e. $0.40 per ETH in 2014! People who invested then got real lucky as Ether has been raging the crypto market. Fret not, there are still a lot of ICOs that have potential to make you rich. Take a look at some of the best upcoming ICOs- + +Aktie.Social + +[LiveTree](https://secure.livetree.com/#!/seed/) + +Fabric + +ClearCoin + +Freelancer Coin + +CryptoHawks AG + +Patron + +Squeezer + +Forty-Seven Bank + +Crowd Coinage + +[While these are some of the safest bets to put your money in, you also have to be wary of fraudulent ones. Better safe than sorry!](https://secure.livetree.com/#!/seed/) +Mod (/u/wealthystoic) pre-approved topic. + +I'm in the homework phase of figuring out how I should acquire a business from my dad, that I plan to sell in the next 7-10 years. For all practical purposes the business is mine. He is not interested in benefitting from them, has been repaid, and is willing to do whatever strategy works best for both of us. The first location was purchased in 2005 for $100k. It was setup as a C-Corp, and my dad has 100% of the shares. The second location was purchased in 2012 for $120k. Both locations are under the same C-Corp. This is a very large franchise, so I have lots of comparative sales that I've combed thru. A very conservative estimate for what the business could sell for today would be $750k. Ideally I would say at least $1M. I'm not sure if additional information is needed, but I'm happy to provide it. + +What would be the best path for this transfer that reduces the overall tax liability? +Guten Tag to this global band of Apes! 👋🦍 + +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 Diamantenhände 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! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$31.84 / 31,94 €** *(volume: 1908)* +- 🟩 115 minutes in: $31.75 / 31,85 € *(volume: 1907)* +- ⬜ 110 minutes in: $31.70 / 31,80 € *(volume: 1806)* +- 🟥 105 minutes in: $31.70 / 31,80 € *(volume: 1301)* +- 🟥 100 minutes in: $31.94 / 32,04 € *(volume: 1100)* +- 🟩 95 minutes in: $32.05 / 32,15 € *(volume: 1083)* +- 🟩 90 minutes in: $31.95 / 32,05 € *(volume: 1052)* +- 🟥 85 minutes in: $31.93 / 32,02 € *(volume: 1052)* +- 🟥 80 minutes in: $31.96 / 32,05 € *(volume: 1052)* +- ⬜ 75 minutes in: $32.11 / 32,20 € *(volume: 1052)* +- 🟥 70 minutes in: $32.11 / 32,20 € *(volume: 732)* +- 🟩 65 minutes in: $32.12 / 32,22 € *(volume: 709)* +- 🟩 60 minutes in: $32.01 / 32,11 € *(volume: 630)* +- 🟩 55 minutes in: $32.01 / 32,10 € *(volume: 567)* +- 🟩 50 minutes in: $32.00 / 32,09 € *(volume: 537)* +- 🟥 45 minutes in: $31.93 / 32,02 € *(volume: 536)* +- 🟩 40 minutes in: $31.93 / 32,03 € *(volume: 523)* +- 🟩 35 minutes in: $31.93 / 32,02 € *(volume: 273)* +- 🟩 30 minutes in: $31.92 / 32,02 € *(volume: 272)* +- 🟩 25 minutes in: $31.92 / 32,01 € *(volume: 272)* +- 🟩 20 minutes in: $31.86 / 31,95 € *(volume: 256)* +- 🟥 15 minutes in: $31.85 / 31,95 € *(volume: 255)* +- ⬜ 10 minutes in: $31.85 / 31,95 € *(volume: 255)* +- 🟥 5 minutes in: $31.85 / 31,95 € *(volume: 255)* +- 🟥 0 minutes in: $31.85 / 31,95 € *(volume: 105)* +- 🟥 US close price: $31.96 / 32,06 € *($31.98 / 32,08 € 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) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +$2.235M original asking, initial offer accepted $1.625M; after DD accepted adjustment of $1.4M. 36 buildings @ 72 units, made up of (15) singles, (12) flats, (3) 3plex, and (6) 4plexes in NW PA. I have the ability to manage these through a PM firm I own. + +- Bank approved for 75% purchase price + +- Seller taking remaining 25% as a 2nd. + +- D/F properties in D/F neighborhoods, within 3miles of each other. + +- NOI is $209k; accounting for taxes, utilities, insurance, landscaping/plowing, 10% Maint, 10% CAPEX, 5% VAC, 5% Management, and city licensing + +- Annual Debt payments are $125k + +- Cashflow $84k + +- I would be getting this for closing costs - approx. $50k + +I'm hesitant because of the per unit cost of $19,500... the 3 and 4 units are in no way worth $60k & $80k. The singles are probably worth $50ish retail, but barely worth the $20k as an investor (IMO). Comps came in at $1.835M, Zillow reports came in at $1.55M, and assessed values came in at $1.4M. My due diligence expires 12/1. I've driven past 95% of these and am walking through a bunch of them this week and next. + +Thoughts? +How do you go from 2 properties to 50? Should i be taking out heloc’s on the existing properties after a certain point and using those funds as down payments on new properties? If so, at what point would i be safe to do that? IE, when the loan is 50% paid off? +I got a call from a collection agency about 30 minutes ago and they wanted payment for an electric bill for a company out of Oregon. They said I owe about $900 and that the bill has been due since last July. + +Problem is, I live 1500 miles away, never even been to Oregon, never even known anyone from Oregon. I understand maybe people have the same name as I do. I don't have a common first name but a very common last name. When I tried to explain this to the person on the phone, they said I could either pay them immediately or they would come tow my car. + +At this point I was shaking as my car is how I get to work, school, and everywhere else. Then they told me I owed the money and to "do the right thing" and pay immediately if I didn't want to be left without a way to get around. + +I hung up and started crying, they can't actually tow my car can they? +First, English is my second language so please forgive my poorly organized, horribly formatted and super long story. Also I never shared this story before and wasn't really planning to, but I told it to one of my now close friend who is a crypto nerd like me and he said it was inspiring and that I should share it so here goes. + +It's 2014 I am working a minimum wage job at a labels factory, I boxed the finished labels. 6 months later, I am promoted and I am head of the quality assurance department (happened super fast and everyone was amazed that it happened including myself :P ). I got a raise and life was good.One day the owner decided to hire a "team leader" basically a tier 2 boss. An authoritarian racist c\*nt that hates my guts. We get in an argument, I turn my back on him and walk away and he ends up physically assaulting me for it. I threaten to sue and they fire me because of it. + +I complain to the EEOC, because I can't afford a lawsuit. We mediate and like an idiot I settled for 5k they offered me. I Payed my lawyer $400, Bought us a new furnace because ours was old and had broke down. I replace the kitchen sink, paint the house and did some other minor repairs. + +All said and done, and after working for nearly 2 years at that company I am unemployed, depressed and have nothing to show for it, Well except for a $1000 I have left from the settlement that I wanted to preserve and invest in something instead of spending it. + +&#x200B; + +I spend a couple month of freelancing and hustling trying to find a new source of income. And one day I am on some random forum trying to find a solution to a problem I have with my code (I have 13+ years of programming experience C++, C#, Asm and reverse engineering) I read the word Bitcoin for the first time ever. And the person talking about it made it sound like it's the next big thing and that it's going to do wonders for apps and payment systems. + +Other replies to that same post were talking about how it will make them all rich. I got curious, And on September, 2015, I google Bitcoin for the first time ever and I end up on Coinbase. I bought $5 worth of Bitcoin for shit's and giggles. Forgot about it for \~3 months. Then came back and sold it in October for $5.10. So I made 10 cents profit after coinbase's outrageous fees. And I thought to myself, This is great, I just made 2% with minimal effort. Greed kicked in and I started my quest to learn as much as I can about BTC. + +For the skeptics: + +https://preview.redd.it/jrz4ptp5z4b61.png?width=797&format=png&auto=webp&s=d91bfe7e49827ba274cfbb9fca57dc419bdd9e2f + +Edit: More proof for those that think I am a lair, full of shit and made all this up: + + +[LTC trades since 2017](https://preview.redd.it/oq9tm35lr7b61.png?width=3802&format=png&auto=webp&s=abc69c38e4f02976a625e6ecad246b54bbacf320) + +https://preview.redd.it/znrn5tgmp6b61.png?width=2698&format=png&auto=webp&s=9132a624df041e57060b163e31e5cc5747875e0f + +[2015 trades are no imported from the coinbase account in this SS](https://preview.redd.it/wgntzucyn6b61.png?width=2664&format=png&auto=webp&s=f10eecf91c6d771106a985de0ee0ea37929fb78f) + +Next thing I know I am on Coinbase Pro (Gdax at the time) and was instantly hypnotized by the insane volatility and price swings. I immediately start buying and selling, Without any knowledge about trading whatsoever. I made some money then then lost more than I made and now I have \~$820 left and I realized I am not going to beat the market like this. My orders were being front ran by bots (didn't know they were bots at the time) because they keep burying my limit orders whenever I post them and I don't get filled. Also fees for market orders were exceeding my profit so I end up losing instead of making money. + +Thinking like a programmer (a problem solver really) I thought to myself there has to be a way for me to do the front running. I do some googling. Learn about the exchange API. I fired up Visual Studio, downloaded some files/libraries and spent a few weeks creating a prototype that would speed things up and give me an edge. At first I used C# and it looked like crap but it performed well, And with the ability to place orders as fast as possible (and free limit orders). My balance started growing. + +Slowly but surely I kept improving the prototype over the years and it evolved into a fully functional trading platform. I eventually used Directx to recreate the order books locally (this part happened much later 2019-ish) because the exchange kept freezing and crashing when I needed it the most and low and behold, I had out done myself and created a fine trading platform [Here is the post were I first showed it to the world.](https://www.reddit.com/r/CryptoCurrency/comments/gqu05z/my_custom_made_desktop_crypto_trading_platform/?utm_source=share&utm_medium=web2x&context=3) + +Here is a video of it in action too: [https://streamable.com/3jl30l](https://streamable.com/3jl30l) + +&#x200B; + +One click insta buy/sell and everything was pre-calculated for me. All I had to do was pre-set the # of lots I wish to flip in each trade and click either the buy or sell buttons. + +&#x200B; + +Within a few weeks of the first prototype I was up from $800 to 8k scalping BTC's volatile market and I was ecstatic, I was over the moon, pun intended. However, The market was slowing down and it is now boring and I am not making any $$ and I was never happy that I could only trade BTC and LTC on Coinbase and was scared to trade anywhere else for fear of losing my money with all the hacks and scams that were happening almost everyday. But then I learn about a coin called Lisk. And the Lisk zealots managed to convert me and I end up joining them and opened a Bittrex account lol. + +&#x200B; + +By now I had spent 3k in life expenses and I have 5k left so I move it to Bittrex, And add Bittrex to my trading platform and go all in on Lisk at $3. I was convinced it is going to the moon and will make me rich. I go to my wife and beg her to borrow some money from her dad for me or max out a credit card or whatever the fuck she can do to get me a few more thousand dollars so that I could add more to my LSK position because I have no credit score history and no one would lend me, She was terrified and refused to help me. I didn't get a single dime. (Hindsight, I am glad she didn't :P) + +&#x200B; + +So there I was, Angry at my wife (I was wrong I know) determined to prove her wrong and show her that this will work and that I am not going to lose so I am trading like a degenerate gambler with my entire stack. Looking like a zombi from malnutrition and lack of sleep, But I pull through and grow that 5k into \~24k within roughly 1.5 months. Phew, I DID IT, I shout. looking at my wife. I FUCKING DID IT. I TOLD I CAN DO IT but you never believed in me. And my head grew bigger and bigger to the point were it wouldn't fit through the door any more. Meanwhile LTC is pumping like a mother fucker but I had no idea because I am not paying attention to anything else but my cash cow LISK. Now that LISK is slowing down (Re-branding delayed) and hype was dead. I sell it all. Transfer the cash back to Gdax and join the LTC frenzy. + +By now it's December 2017, And shit was Insane, It was lit, Everything was on steroids and $ signs everywhere. I was going all in on every trade (Spot trading) and with every trade and my account kept growing. First it was growing hundreds, Then LTC went parabolic and it was thousands of $$ with every click of the mouse. Every click of the buy/sell buttons I made or lost a few thousand $$. Never holding on to a position loser or winner. I catch the wicks (which were huge) and would flip it in seconds just to go back to fiat for fear of getting whipsawed and losing it all. + +&#x200B; + +By now I had grown my 24k into 100k within like 3 days at the markets peak (LTC at like $150+). The joy I felt, The happiness, The pride :) I was victorious and those 3 days were like a crazy epic dream. + +So now I am gloating and teasing my wife telling her how I did it all by myself and shit and thanking her for all the help she didn't offer. meanwhile, LTC is still pumping like crazy. But I was content, I had just broken the 100k mark and was ready to celebrate. but of-course life is never sunshine and rainbows. + +&#x200B; + +To my dismay, My wife asks. What about TAXES? I am like what taxes? I already payed the fees! (I am a foreigner so i knew nothing about taxes in the US of A) She said you have to pay capital gain taxes on this, It's like 30%. My face turned pale and my heart skipped a beat, I jump out of bed, go online and research capital gain taxes. + +And I realized she was right, I am going to end up paying at least 25% to 32% of my money in taxes. I felt like I wanted to cry and all the joy and happiness I had felt was gone (Hindsight I should have been happy even after taxes :P). But I decided to push forward and make the 32% that I have to pay in taxes to get to the 100k mark after taxes while the market is hot. + +so I cancelled the moon party and went back upstairs, Started the computer and started trading again. + +&#x200B; + +So now I am back at it, Still killing it making more and more money. This continues for a day or 2 more and by the time the crypto party was over and when LTC started the big crash from $400 to $150 I was all back in cash and I had made a grand total of 310k+ and 105k+ trades in about 6 months, Most trades were made in Dec 2017 and Jan 2018 on BTC, LTC and LSK combined. + +&#x200B; + +I at first protested paying taxes for weeks, No for months, because it seemed unfair to me. But the April 15th deadline drew ever closer. And our CPA scared me str8 telling me about all the fees and fines I would have to pay if I delay paying the IRS so I reluctantly agreed and paid all of my taxes to uncle Sam. It was a massive chunk of money to give away all at once and it made me sick to the stomach. + +&#x200B; + +And that my friends is the long-short version of the story of how I turned a $1000 into $300k. I hope to one day be able to tell a story of how I turned whatever I have left of the 300k now into a million $ or even better into a multi million dollar fortune :) + +I know some people did like 1000x better than me, But for my story, I am proud of what I had achieved so far and I thought it would be cool to share the story and to hear other peoples success stories. + +I still am still doing great in this bull market and trading crypto has been my full time job ever since I got fired from my job at the labels factory. I have grown a lot since. btw I thought about sending the owner of the factory that fired me a letter thanking him for firing me because it was the best thing that ever happened to me but I never did :P + +&#x200B; + +If you have made it this far. Thank you from the bottom of my heart, And wish you and everyone else the best of luck and riches beyond your wildest dreams. + +&#x200B; + +TL;DR: I turned a $1000 I got from a EEOC settlement into $300k+ scalping LSK and LTC back in 2017 bull market. + +&#x200B; + +^(Leave a downvote and a "delete" comment if you think I should delete this :)) +As the title states. + +Back in 2016 I co-signed on a Sallie Mae student loan for my then girlfriend of 5 years at the time for her to be able to go to a vet tech school. I was super against it (this is why, and yes I learned my lesson), but I was her only hope and I was trying to be a supportive partner and think positively about the future so I gave in against my better judgement. I won't bother going into details, but about 3 months after she started going to school she left me. + +We basically have had zero contact since then except for me getting in touch with her when she would occasionally fall behind on making a payment, as well as me also asking several times if she could begin the process of having my removed from the loan. Everytime she would tell me "she's an adult and will handle it". + +Since then I've moved on with my life, got married, and bought a house etc. To keep things simple she recently stopped paying the loan and it went into default. + +I just called Sallie Mae after getting a voicemail offering to have myself removed as a co-signer in exchange for $4500. + +I do not remember how much the loan was for if I'm being honest, but I want to say it was between 10-12k. + +I guess my question here is, should I proceed with doing that to remove my name? Do I have other options? + +I was originally contemplating bankruptcy as I really don't want to pay anything towards something that ultimately didn't benefit me at all but the agent on the phone said bankruptcy will not help with a private student loan. + +I am mostly concerned about what happens next, the Sallie Mae agent said the debt will likely be sold at the end of the month and whatever company buys it will likely ramp up collection efforts. + +I just do not want them coming after my house or other assets (such as my vehicles), so given the fact I basically have 72 hours to make a decision, what is my best path? + +Remove my name? +Ride it out and see what happens? +Something else? + + +*Update* (06/29) + +Finally called Sallie Mae directly via the number on their website (800-4sallie) +I wanted to yesterday but by the time I was in a position to be able to it was after their support hours. + +I called the website number today, gave them my info, was then transferred to the recovery department where I got on the line with the exact same agent I talked to yesterday (her name is Jill if it helps) + +So to all you haters calling me a scammer and skeptics, this is legitimate, it turns out it is not a scam. However I do appreciate the skepticism and advice on contacting them directly to be sure. + +The $4500 ($4553 to be exact) is 50% of the balance. + +The reason for the deadline, is it will be sold off at the end of the month, which is tomorrow. So it was my last chance. The voicemail I received on Saturday, was the first time any agent that had called me in the last few months and left a message had mentioned such an option available to me. + +They are sending me an email confirming everything so I have it all in writing before I pay. + +Then in 30 days I'll get a letter from them stating I was relinquished as a co-signer, and no longer liable for the remainder of the balance. + +I tried haggling them down, but they have access to my most current credit report and know I have the credit and income available to pay the amount in full without issues. But I did atleast try. + +Thank you all for the advice and for pointing out the scam potential and having me verify. +And yes, I know not to ever co-sign again. + +*Second update* + +Here is the email I was sent by the recovery team. + +Certain information has been sensored for my protection. + +https://imgur.com/a/nkvb3OU +A lot of times we on r/fatfire have to face tradeoffs between how we spend our time and how we spend our money. A very interesting intersection of this I’ve been thinking about is around different forms of paid childcare. + +I recently came upon an excellent summary of research on different child outcomes based on being cared for by a family member, nanny, in-home daycare, or daycare center. Which scenario is (on average) best for child outcomes depends dramatically on the age of the child. https://criticalscience.medium.com/on-the-science-of-daycare-4d1ab4c2efb4. Basically there is substantial downside to daycare, particularly >30 hours a week, until a child is about 2.5 or so. And in-home daycares surprisingly (to me) have better outcomes than daycare centers. (A lot of results flip once the child is >3). + +I was pretty floored that this research isn’t better known (I’m pretty well educated and hadn’t heard any of this). My husband and I believed all the pros about daycare “it’s great for socialization!” and seriously considered it for our infant even though we could afford a nanny (which we ultimately ended up going with). + +This research has also pushed us to reconsider our FIRE timelines since we currently have young children. + +I feel like I can’t tell any of my parent friends or family members about this research because I’m not sure that they can afford to do differently. However, I wanted to flag it for this community of FatFired or FatFire-bound parents who might be facing childcare decisions. + +Why is this FatFire relevant? A couple of areas / some food for thought: +- if you can afford it, consider having a relative watch your young children or, barring that, a nanny +- if daycare is the best option for you, # of hours a day really matters +- making different decisions for different ages of kids matters a lot. The negative impact of 45 hours a week of daycare on an infant are fairly large (behavior negatively affected) vs. the positive impact of 20 hours a week of preschool for a 3 year old (academics++) +- if you’re trying to make tradeoffs between your FatFire number vs. working an extra 1-3 years and have young children in the house, the impact can be substantial +Hope y’all know what I’m talking about. Everything else has come back to earth mostly. Why is it still so elevated almost a year and a half later? It’s been puzzling me and has come to shape how I look at the stock market completely! +Shout out to u/kately22 for getting me to rewatch inside job. + +I've seen The big Short prob once a month this year, but I haven't watched this movie since the Start of the GME saga. + +It reminded me though, that if banks want to make money... they sell mortgages. + +News Released 4 days ago: + +# U.S. existing home sales surge to 8-month high in September + +[Source](https://www.reuters.com/world/us/us-existing-home-sales-surge-8-month-high-september-2021-10-21/) (Reuters) + +So I decided to take a look. (Existing Home Sales) + +&#x200B; + +https://preview.redd.it/cca37e8qqnv71.png?width=699&format=png&auto=webp&s=0abedaa081f278acbbd0dc3aecc6d436a437223c + +This is the number of US houses sold per month since Oct 2020... with 6290 representing 6.2 million houses sold. + +Ok, so no big deal, it's up a bit but nothing crazy. + +But let's look a little further back shall we? + +This is the 5 year trend: (Existing Home Sales) + +&#x200B; + +https://preview.redd.it/73lx3bu5rnv71.png?width=762&format=png&auto=webp&s=6ac50445d8676475914050ba492e55304e33a8a6 + +Big dip due to Coronavirus... ok... that makes sense. BIG recovery too though. Hmm... + +Let's look further back... + +Ok... without looking at dates, you would think THIS is the housing crash: (Existing Home Sales) + +&#x200B; + +https://preview.redd.it/6ziwxcpgrnv71.png?width=701&format=png&auto=webp&s=fe7ec46625eb6c7201ea66a4ef1f5f027f7191d7 + +But it's not. This is... (Existing Home Sales) + +&#x200B; + +https://preview.redd.it/g1mbqfqfsnv71.png?width=718&format=png&auto=webp&s=941fe503fb21c50d4bf261dc686e28ae0d43fdbd + +Somewhere around there anyway... + +So before the HOUSING MARKET crash in 2008, Existing home sales were on a rapid decline since 2006? WHY? + +What about New Home Sales? + +&#x200B; + +https://preview.redd.it/vgb17xmosnv71.png?width=702&format=png&auto=webp&s=c8f8a76541c2a34c4a423d02fee2c691bf50e4a7 + +Same Deal... + +BUT I THOUGHT THE HOUSING MARKET CRISIS COLLAPSED THE HOUSING MARKET AND MILLIONS OF PEOPLE LOST HOMES ETC? + +Am I just dumb as fuck... WTF? + +What about housing prices??? + +&#x200B; + +https://preview.redd.it/klyidn10tnv71.png?width=1146&format=png&auto=webp&s=83f6f15d81e2d389f5b40c792fdb50307b5c0ba3 + +Ok so pricing lines up... but **HOUSING SALES DO NOT...** + +**THEY HAD ALREADY DROPPED** + +TIN FOIL HAT TIME... + +So what if... + +Banks want to make a shit ton of money... so they give away riskier and risker mortages. + +BUT... + +Eventually, demand starts to dry up and there is so few people left to give out houses to. + +SO... + +Housing sales drop off a cliff and the banks stop making as much money. + +At the BOTTOM of this drop off in sales... is when the crash kicks in. + +People lose homes... the economy goes to shit + +WHY? + +Maybe so the banks can reset, and start growing housing sales all over again??? + +And that's what they do... + +But first they need a cash injection to recover from the crash... + +So they issue a TON of new mortgages and sales SKYROCKET + +&#x200B; + +https://preview.redd.it/13f0uuilwnv71.png?width=698&format=png&auto=webp&s=cfd4d3faa602af5799dbfdff4438db1017fd62f6 + +\------------------------------------------------------------------------------------------------------------------------------- + +What about what's going on now? + +HOUSING SALES NUMBERS DROPPED AT THE START OF 2020... + +The stock market was fine. + +When the stock market dropped off a cliff in Feb 2020... + +&#x200B; + +https://preview.redd.it/lrselnkyunv71.png?width=820&format=png&auto=webp&s=7de6b91bda3eea154063b11e864a10f5b72abc08 + +What did the housing market do? + +BANKS STARTED GIVING OUT MORTGAGES TO MAKE MORE MONEY AND SALES SKYROCKET + +&#x200B; + +https://preview.redd.it/c1w6rda5vnv71.png?width=724&format=png&auto=webp&s=9baf7b7eae006270d066ef0af57cd8d3fc0805ad + +Same thing happened in 2008... besides it being a FUCKING HOUSING CRISIS... + +The number of mortgages given out SKYROCKETS because banks need money... + +&#x200B; + +https://preview.redd.it/gjjp3binvnv71.png?width=729&format=png&auto=webp&s=0f54d3611aca245aa2e1a7b14ee4a276461e23f0 + +What are they preparing for now I wonder? + +&#x200B; + +https://preview.redd.it/k781ptdrvnv71.png?width=720&format=png&auto=webp&s=69dd32e32655c68f079efdb7a466437e393600fb + +Shameless PLUG: Follow me on Twitter for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +SUBSCRIBE on Youtube for your viewing pleasure: [https://www.youtube.com/channel/UCYjNfatgzl-TRm-ffNfnZdQ](https://www.youtube.com/channel/UCYjNfatgzl-TRm-ffNfnZdQ) + +&#x200B; + +**REDDIT DD** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +&#x200B; + +**YOUTUBE DD** + +**The SECRET formula to How The Rich Avoid Paying taxes... REVEALED! 😲😲** + +[https://www.youtube.com/watch?v=Qc3wQO9ncsE&ab\_channel=BillionaireBoysClub%28BBC%29](https://www.youtube.com/watch?v=Qc3wQO9ncsE&ab_channel=BillionaireBoysClub%28BBC%29) + +&#x200B; + +**Adam Aron Speaking at the Milken Institute - A Citadel Sponsored event? 🤷** + +[https://www.youtube.com/watch?v=uEfiuA8wg-Y&t=1s&ab\_channel=BillionaireBoysClub%28BBC%29](https://www.youtube.com/watch?v=uEfiuA8wg-Y&t=1s&ab_channel=BillionaireBoysClub%28BBC%29) + +&#x200B; + +**Citadel Vs SEC (Part 1) - Citadel Suing the SEC over D-Limit - WHO WILL SURVIVE?** + +[https://www.youtube.com/watch?v=\_-Le\_4BZD\_w&ab\_channel=BillionaireBoysClub%28BBC%29](https://www.youtube.com/watch?v=_-Le_4BZD_w&ab_channel=BillionaireBoysClub%28BBC%29) +Im driving a 2010 nissan altima with pretty much no major issues but I was planning on to buy a new RAV4 for MSRP.I already did a deposit of $ 500 with the dealer who assured me i will get my car by the end of January. + But now that iam hearing a lot of news about recession coming and financial advisors saying “Don’t buy anything for next 18 months”.Iam really confused right now after watching lot such videos.Should i wait a lil bit or just go ahead with the order.Is it worth to wait till jan 2024? +Wife sent me this one earlier. The post looks at 4 couples with very different financials, all considered middle class. Due to increasing expenses for housing, childcare and healthcare, many families are getting squeezed pretty bad. + + +https://www.nytimes.com/interactive/2019/10/03/your-money/middle-class-income.html?mc=aud_dev&ad_name=%7B%7Bad.name%7D%7D&adset_name=%7B%7Badset.name%7D%7D&campaign_id=%7B%7Bcampaign.id%7D%7D&ad-keywords=auddevgate&subid1=TAFI&dclid=CKi_w9WN_uUCFUgNNwodyCcP4Q +Hi Reddit, + +Throwaway here for anonymity, to set the scene: + +Fiance currently lives in a rental and is the primary person on the lease. Due to circumstances, her dad has since moved in with her and has split rent costs. + +The dad has since come into work and money (not a lot, but at the same time not a paltry amount). + +It appears he is sending money overseas to scammers with the promise of a new life, money, etc etc (you know the usual crap). + +However my fiance is struggling for food and bills because he is not helping her with the bills and instead spending exorbitant amounts of money on these scams (he thinks they are real) or on hobby items that are crazy expensive. + +Any advice? + +I've asked a few people here and there and the census is that nothing legally can be done and that he would have to be willing to accept help. + +Has anyone experienced this or had advice that could help? + +Minor backstory (to prevent this identifying me), I currently live separately to fiance for personal reasons (as much as I want to move in with her asap) so the best I can do is send her money for bills and food etc as I can, however this also stretches me too. + + +Hi,  I've always known of reddit, seeing shared posts across other platforms but never really got into the forum life until recently when trying to find advice on what to do with a 100k cash.   I google everything,  to the point that it becomes pointless,  though ends up just filling my brain with more information to think about,  worry about etc.  That's a different story.  I want to hear real life advice and experiences to try and work out where to start. + +When I recently found out I was beneficiary to $118k, I went through many emotions.  However after a month although grateful and excited that this might be the step I needed to become better financially, I also see an opportunity to give my child a better future which is everthing to me. + +I've never been able to manage my own money well,  I always manage but I don't believe well, I've always ended up living well enough, and I'm very private about personal and financial that no one would notice. +I am always managing for the short term sometimes week for week.  I've never been able to save,  I want to, I try then just don't,  I can't explain it,  I know I should,  I regret not, I earn enough ($65k pa) to save a little but I always end up finding a way to use it and have never really been in a situation where I've not been able to work somthing out if an urgent bill or car repair is needed.   + +I have a history, while married,  I managed (not well but managed) the finances and had the utilities, credit cards and loans (except mortgage ) in my name for the 10yrs, a hard lesson learnt, they were equally our debt we both contributed to.  Just I owned the account abs he was a secondary etc + +  After separation other half stopped paying anything without his name on it,  depression, anxiety  avoidance and other personal issues meant I took the hit  court ordersed  for everthing in my name and we split the joint debt.  I've spent the last 8 years building myself back from far less than nothing thankfully never having had needed urgent loans or funds and lived mostly within my means and with what I had.  I currently have no credit cards loans or debt.  I do have a Zip Money and Pay account owing about 2k which I pay and use etc  and afterpay which I've used for 2 years a lot and never missed a payment.  + +I have one last default left on my credit score with equifax and an average score (I'll go and check again but it was right in the centre of average) + +I just want advice on where to start,  ideas, others experiences in similar situations. What should I do with $118k (currently in my savings account) that I can live without but also know that I have it want to learn how to manage or even grow it. I do eventually want to buy another house one day, and I'd like to get to a point where I can do that alone. + +I'm 36, single with a 10yo +Hope this is the right thing to post in here for some direction.   +So I did some quick arithmetic with the 21 data points we currently have on the catalyst calendar. While n = 21 isn't great, especially in an analysis of chaotic systems, a clear trend is already emerging. Here are the results: + +Purchased 7 days in advance of catalyst, and sold day before: + +* 38% chance of a win +* average gain 17.4% +* average loss -8.7% +* 19% chance of no gain or loss + +Purchased 14 days in advance, sold day before: + +* 48% chance of a win +* average gain 19.0% +* average loss -26.0% + +Purchased 21 days in advance, sold day before: + +* **71% chance of a win** +* **average gain 24.6%** +* average loss -16.7% + +Is it better to sell the day after a catalyst? + +* 48% chance the price has improved +* Average improvement 8.3% +* Average decline -6.5% + +Help us find catalysts at least 3 weeks out! Everyone's odds improve if we do. + +The calendar: https://docs.google.com/spreadsheets/d/1o0Yx_LvtudZsrOls1c0PSQqsXh5oAR2PtP0r2fkFoRs/htmlview?usp=sharing&pru=AAABcuxn1bA*Bj_6qwrA5cXf8HpPL0_s2w# + +EDIT: Y'all need to take a statistics class. +With Christmas season coming around, I thought I’d talk a little about giving. Particularly giving FIRE to your kids. Or at least a normal retirement. For example: + +Let’s say you invest $25k in a separate account when your child is born. You just let it sit there and add no additional savings. Here’s how it would grow over time using a rough estimate of doubling every 10 years: + +Age 10: 50k +Age 20: 100k +Age 30: 200k +Age 40: 400k +Age 50: 800k +Age 60: 1.6 mil + +Now, I get that doubling every 10 years may be aggressive, but it’s more to just illustrate compounding interest over a 60 year time frame. Whatever the “real” number ends up being, it’ll most likely be a lot. + +Part of me thinks it’s a great gift for a pretty low initial investment. A lot of people on this sub could give the gift of retirement with less than a year of additional savings for example. On the other hand, I would worry about the child not having to work for it. We all know the reputation trust fund babies have for example. + +Has anyone done this? Or thought about doing this? If so, how are you going about it? Questions like: Will you tell them, what age will it be given, etc. come to mind. + +EDIT: To be clear, the 1.6 million after 60 years accounts for inflation and is in today’s dollars. Doubling your savings every 10 years is just an easy way to estimate the amount. Here’s the actual math a friendly redditor pointed out: + +25000 * (1.07 ^ 60) = $1,448,660 + +Looks right. To find the nominal value, assuming 2.5%/yr inflation... + +25000 * ((1.07 + 0.025) ^ 60) = $5,791,447 +Hey guys happy OPEX +1 day! + +https://preview.redd.it/oyhumevnfzj81.png?width=1280&format=png&auto=webp&s=7bbfb38d40af6b5925fd0c8e8b23283949334b1f + +But seriously it looks like FINRA rule 4210 takes precedence over the OCC handbook and so Monday's Holiday deferral allows and additional day of settlement. + +>[https://www.finra.org/rules-guidance/notices/information-notice-101521](https://www.finra.org/rules-guidance/notices/information-notice-101521) +> +>[https://www.finra.org/rules-guidance/notices/13-39](https://www.finra.org/rules-guidance/notices/13-39) + +That means all the same tricks apply however they can DP orders for settlement later in the day, than can even use foreign exchange DPs to offset settlement for longer periods of time. + +Also yesterday they covered a fair chunk of obligation sure our movement tracked the broader market but remember that most of the current short positions in ETFs. Yesterday's price improvement went beyond just passive fund investing. + +[GME outperformed the S&P by a decent margin](https://preview.redd.it/spxz3pcohzj81.png?width=1582&format=png&auto=webp&s=dca19da9ca063d6d27f7ca8befaf7e210a43364f) + +This tells me that they have at least hedged some of the obligation due for OPEX and this is the same scenario that set up the rug pull back in November. **So be very wary of "false peaks" and large volume spikes that indicate selling into the buy pressure.** + +[Thanks u\/Brave-Vacation6792](https://preview.redd.it/kafo9x6xhzj81.png?width=1465&format=png&auto=webp&s=c726b4762bde5d290a0c3d9786103e7f11418d35) + +Gamma Max at 150 still meaning my range of confidence in a price move up to 150-180 holds. Remember price will start to destabilize at that point. + +I wanted to address the DOOMPS and t+2+35 also because I see a lot of confusion surrounding this. + +GME has 3 separate cycles that drive it's price action and they are all related I will try to put something out this weekend that breaks this down a little more but I do cover this in my [Book of MOASS DD](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/). + +1. FTD Cycle - ETF and MM FTDs caused by large events such as CME rollover and OPEX. As liquidity is needed during these higher volume events FTDs are created as synthetics satisfy the majority of the liquidity requirements. ETFs are T+6+35c and 3 more days if cash settled. MMs are T+2+35c. +2. OPEX - Quarterly Options Expiration for ETFs and Indices, occurs on the 3rd Friday of Feb/May/Aug/Nov this is a gamma exposure event from options obligations the previous quarter. This settlement occurs in T+2 from the expiration of the options contracts. +3. Futures Rollover - The Settlement or roll period for forward or swap contracts on GME, we haven't seen this happen to any great degree on GME since last June but it occurs between OPEX and the CME Quarterly Rollover Date the next one is 3/10/21 + +The DOOMPS are part of replicating baskets for variance swap used in order to hedge volatility. The generally expire worthless. If there is any FTD creation from January's LEAPS it is due in T+2+35 but has nothing to do with the contracts themselves. Puts are a cash secured derivative not guaranteed with shares. + +We do have FTDs due this coming week from two big events however. + +Jan 7th XRT RegSho threshold ETF FTDs due today + +Jan 21 2022 LEAP MM FTDs due next week + +They pushed through some big rule changes this week and I will address those this weekend as well. + +They definitely effect GME and derivative positions on GME. + +**DIX pics** + +[Dropped a bit below the 10MA as covering was done yesterday](https://preview.redd.it/nf76yyp6lzj81.png?width=2487&format=png&auto=webp&s=ac98b6ce161af77e806fc9d465d0dcfbcb5b97d7) + +[IV30 up to 120.47&#37;](https://preview.redd.it/8wdl9mqblzj81.png?width=2496&format=png&auto=webp&s=288451fb6e10059effac5e5ac619dba07e76e9c8) + +[Naive GEX at $8.08m for each $1 increase in price](https://preview.redd.it/vgyqcswflzj81.png?width=2499&format=png&auto=webp&s=94006a4bf908b8a4e7f9d4b48bcb1c6bc047b0b2) + +&#x200B; + +**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 Hours + +I see no explanation to fail OCC market maker obligations. The puts were closed. The gamma is due. Every other stock continued to run except us. The only thing I can think of is a fail and or the rule change allowed them to shift their margin requirements. + +\- gherkinit + +https://preview.redd.it/5eiuussgq1k81.png?width=684&format=png&auto=webp&s=ba4616c2c9f0f8ecd2902632df15d8bfdca81c76 + +Edit 3 2:28 + +Literally ever other basket stock surging and GME just shorted straight down + +[GME](https://preview.redd.it/hny0lz5i61k81.png?width=1572&format=png&auto=webp&s=0b139840cc34639a2297db36cba8b1d5b60db2e4) + +&#x200B; + +[DDS](https://preview.redd.it/qyvl5ick61k81.png?width=1564&format=png&auto=webp&s=ce15c9f8daba741f14f842b90508ba2016f15e7c) + +[EXPR](https://preview.redd.it/15o4in6m61k81.png?width=1574&format=png&auto=webp&s=8e314c872b8d4180e7134b9a84e580c22aaa0ec3) + +Eod of day covering? + +Edit 2 12:07 + +Locked on to max pain through the early part of the day, if there is a run today this burn 0DTE weeklies. Remember last year we didn't run till close. The all other XRT stocks seem to be outperforming the market besides GME. + +https://preview.redd.it/cl38v53ch0k81.png?width=1576&format=png&auto=webp&s=04c3c377081b0eb1c1e6d157ce85b02c124eee46 + +Edit 1 10:21 + +Push back down below gamma maximum likely with the shares borrowed this morning helps them shed some of the 0DTE exposure. BBBY is running and it looks like we had a nice bounce off that resistance from yesterday. + +https://preview.redd.it/nr6lsxqhyzj81.png?width=1567&format=png&auto=webp&s=3b0d743a32a07bac4d54cbdad3966c8edc882e6f + +# Pre-Market Analysis + +GME doing great in the PM driving up above our long term trend on ok volume. We green baby! + +Volume: 17.86k + +Max Pain: $119 + +Shares to Borrow: + +IBKR - 150,000 @ 1.7% + +Fidelity - 41,092 @ 1.75% (100k borrowed since last night) + +[GME pre-market trend 1m](https://preview.redd.it/e94eualdmzj81.png?width=1575&format=png&auto=webp&s=2bb0300120de49c751ebe92ccdbd452ac6b314e9) + +[1h trend](https://preview.redd.it/13l9r4vimzj81.png?width=1577&format=png&auto=webp&s=50304edbbe14199e9f2270223d7084e68194adf5) + +[Price prediction confidence updated today](https://preview.redd.it/bgjn95u3nzj81.png?width=2445&format=png&auto=webp&s=b74a360f85bc013cfed038847fc4517f00ea3c75) + +TTM Squeeze + +[meh, contracted could bounce ](https://preview.redd.it/nlystjtxmzj81.png?width=2449&format=png&auto=webp&s=8898c69593c4a3fa8cdf59e2cde67ae97585e24b) + +CV\_VWAP + +[Arbitrage is picking up nicely ](https://preview.redd.it/0w8g4bzcnzj81.png?width=2457&format=png&auto=webp&s=5f4afee627e74cec163ca9b627d3d274e98ad639) + +**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.* 😁 + +*\*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.* +Good morning Apes! + +If you guys regularly follow along and haven't had a chance please check out my latest DD's + +[Buy and Hodl: The Guide](https://www.reddit.com/r/Superstonk/comments/pj90o7/buy_and_hodl_the_guide/) + +[T+69](https://www.reddit.com/r/Superstonk/comments/pk1g5d/t69/) + +I think reading this is inherently important as we stare down this week of expected price action to give a better Idea of what apes are looking at moving forward and why the strategies employed by retail are so effective. + +I will be streaming earnings after market close today and doing a follow -up Q&A. But please make sure to drop by GameStop's official stream and drop a like and subscribe. + +If you want a more in-depth look at this weeks TA [check out the weekly DD](https://www.reddit.com/r/Superstonk/comments/pjci7o/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +[Exit DD](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) for those that want an idea of what to expect + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market and Earnings + +Well we closed up the day right at 200 just shy of the gamma ramp. I still expect that significant covering must be completed by 6:15pm market time, tomorrow. Earnings were far better than expected while EPs came in slightly under expectations that loss per share was definitely outweighed by the positivity of what that money was used for; + +* 3 confirmed new order fulfillment centers +* A new customer service center here in the US opening in Florida +* 25% growth in quarterly profits +* 50% reduction in losses since this last year +* New hires in the technology side of the business +* Shit we didn't even lose money on the jet +* NO FUCKING SHARE OFFERING !!!! + +If the SHFs were banking on spinning this negatively they are gonna have a hard time. I honestly couldn't have hoped for a better outcome. They are spending money to turn this into the business we knew Cohen would create and are making massive leaps in that progress. Yes I saw the 10Q... + +>To the extent aggregate short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock. Those repurchases may in turn, dramatically increase the price of shares of our Class A Common Stock until additional shares of our Class A Common Stock are available for trading or borrowing. This is often referred to as a “short squeeze.” + +Tomorrow should be an interesting day, thank you all for tuning in the amazing support and 10k subscribers, you have all been an amazing part of this journey for me and I will never be able to express the extent of my gratitude. + +\- Gherkinit + +https://preview.redd.it/oyi47yafscm71.png?width=1967&format=png&auto=webp&s=6b68016e11a709faeb0db7e50fde60191740ca4e + +Edit 6 1:44 + +Failed that test at the trendline and are now sitting just under VWAP with lower volume + +https://preview.redd.it/dpbbtqjygbm71.png?width=1570&format=png&auto=webp&s=d3cff511ee65510986b3f1da45f2b7ff82e672b7 + +Edit 5 12:69 + +Crossing VWAP now... volume picking up + +https://preview.redd.it/o7a638pgabm71.png?width=1560&format=png&auto=webp&s=e4257ad33e3e953a02a636a6a9923e200b870abe + +Edit 4 11:43 + +Uptrend breaking...well...to the upside. Bullish divergence is good. With T+69 indicating we should have 3-5 million volume today if that volume is buy side we could see some nice price action still + +https://preview.redd.it/733xnmnevam71.png?width=1551&format=png&auto=webp&s=91b09eb108ac68b061c01dec3abfcad13b111827 + +Edit 3 10:54 + +All they are effectively doing right now is allowing the gamma ramp to drop even lower, calls at 205/200/195 rolling in now + +https://preview.redd.it/k51osipmmam71.png?width=1539&format=png&auto=webp&s=2328ab836da0cd0a79e1a0e959cae89e5be3c1be + +Edit 2 10:23 + +Still dipping steady downtrend for now on lower volume currently @ 1.1M + +https://preview.redd.it/ttbsz46xgam71.png?width=1556&format=png&auto=webp&s=d5c33e00c647358dc884caa29803ba52297998c5 + +Edit 1 9:49 + +Quick test of 205 failed out of the gate either volume dies for the rest of the day or we bounce off this short attack and try again + +https://preview.redd.it/ersdta01bam71.png?width=1566&format=png&auto=webp&s=3761caf1ccf0c5a0a96d42c352aaad00f784957e + +# Pre-Market Analysis + +Volume currently at 24k with another hour till market open this actually looks pretty good. However the shorts are definitely ready to stamp out any FOMO that may come in with earnings. There are 235k shares borrowed this morning and another 818k available between Fidelity and IBKR. We still have an unfilled gap around 211-214 which could be relevant if we start climbing. The shorts really put themselves in a tricky position yesterday by not holding the price up at 210 a little better. Allowing long funds and retail to buy cheap weeklies in the 200-215 range further filling in the low end of that gamma ramp. + +[pre-market on the 1m](https://preview.redd.it/9j2q0h3iy9m71.png?width=1549&format=png&auto=webp&s=52446c8dc07368a7c884dd3f06d6a383542a738a) + +No notable arbitrage this morning\* + +**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/) +Obviously nobody can see into the future (if you can then wow, fun) but I am wondering how long this "crisis" will continue for. Can we look back at similar events in history to estimate when things will get better? Surely something will have to happen to improve the quality of life in the UK? +Given the 250% increase in gas prices, is now the best time to replace an old combi boiler for a new one and get the radiators cleaned? + +New boilers are more efficient therefore use less gas and flushing out the radiators will help them emit more heat. + +A new boiler + fitting can be pricey: £1000 - £3000 depending on what you get done. + +Since gas is now so expensive, using less can save a significant amount of cash at which point I'm wondering. At the current gas rates, is a new boiler actually going to pay for itself with the potential savings? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +EDIT: + +Heres a link to another post with where to take action after you read the TA:DR + +[https://www.reddit.com/r/Superstonk/comments/tdufma/if\_ive\_learned\_anything\_from\_the\_lisa\_bragança/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/tdufma/if_ive_learned_anything_from_the_lisa_bragança/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Happy Banana Day ape frens! I watched and transcribed the interview between Dave Lauer and Lisa Braganca on the Urvin Terminal advocacy site so you don't have to. Here's what they had to say. + +I'm marking this Due Dilligence because there's been lots of FUD in the past about "OvErWhElMiNg thE SeC" with comments and how "nO oNe ReAdS ThEm AnYwAy herp DerP". Mods, if you disaggree with the DD flair, Feel free to change. + +# TA:DR + +You're not too Smooth to write to the SEC. Dave Lauer & Lisa Braganca BOTH confirm, from personal experience, that the SEC and other government agencies are legally required to actually read EVERY SINGLE COMMENT LETTER submitted. This is because of the Administrative Procedures Act would open them up to LAWSUITS for not addressing public comments, and rules can be overturned. They also confirmed that, while submitting a template comment letter can have an impact, WRITING YOUR OWN COMMENT LETTER IS FAR MORE POWERFUL than using a template. + +Not everyone is great at writing, thats ok. The urvin.finance/advocacy link is one big tutorial for how to write comment letters. Not everyone has time for this. Thats ok too, after comment periods close, the SEC has to read through all of the documentation anyway so you can still submit letters via email. “\[Industries\] have an army of lobbyists. So the only thing that can fight that is an army of individual investors.” + +# Begin Transcript: + +DL: hi everyone, thanks for joining us. Were here to talk about one of the Most exiting topics in regulation… comment letters. Super exciting right? Not boring at all, I promise you. Im happy to have with me Lisa Braganca, Lisa Braganca, thanks for joining us and helping to understand how the SeC sees comment letters, how to write one, why they’re important, all of that. I’m excited to have you as part of this and have your support with what were doing. + +LB: Its great to be here, its very exciting. This is a process that a lot of people dont think is useful and I want to tell you about how it works and how useful it really is. + +DL: Yea that sounds great and like a really good place to start. Whats the process that the SEC uses to create a new rule and how do comment letters factor into that? + +LB The SEC has a lot of expertise already and they are talking with people in industry and even on the retail side they have investor advocates within the sec so all the time the sec is collecting Information. Folks at the sec also read the news paper, and they read lots of you know various news sources. They might be on twitter and reddit, you just dont know. So they are taking in a lot of information and from that they will come up with something called a proposed rule or proposed regulation. Proposed rules tend to come from the SELF REGULATORY ORAGNIZATIONS or SRO’s and those are organizations that operate under the supervision of the SEC. So thats where the rules come from. The regulations come straight from the SEC staff and they will prepare something that then gets posted in the federal register which is where all proposed rules and all final rules have to published. Thats part of the requirements of all government agencies so that all of us know what the law is. The SEC will post in there a proposed rule and they also will put that on their website and you can go to the SEC’s website and look under regulation. I just did this so I could tell you, and then there are pr… + +DL: Ive done this many times in my life + +LB: And sometimes its not easy to find once they’re done and you want to go back and find those letters, but the ones that are pending right now you can pop in and see whats the topic and you can read the really scintillating language in the proposed rule. The good thing is that we can all talk to each other about it that we dont have to wade through the technocrat kind-of-language thats in there + +DL: Yes written by lawyers and they’re as indecipherable as you would expect + +LB: Yes, and frankly, many of you know so much about this topic that you’re just going to be able to read them as well as any lawyer. So you look at this rule then you can submit a comment. The SEC usually has a period of 60-90 days, sometimes its extended so that ANYBODY can comment on that proposed rule. And you can be sure that INDUSTRY does. + +DL: Thats right + +LB: And you can see, Dave and I have seen, Letters from all of the major and minor trade associations representing various constituencies, but you also see comment letters coming in from individual firms, whether its fidelity, Wells Fargo, or Bank of America, you know any one of those.. You also see comments come in from individual brokers sometimes, individual investment advisors, you also see comments from investor advocate organizations and I’ve filed some of those, and individual investors. So anyone can file a comment, and then what happens is… oh before we go on.. sometimes they’re talking to each other in the comments. Its almost like the comment stream on twitter or reddit where we’re responding to each other. That can be a very interesting process. That can be helpful to regulators. + +Then the comment period closes. + +And then the SEC looks at all those comments and digests them. That can take a long time. We can talk about how thats Tactical sometimes. Sometimes there have been campaigns to bury a regulator in comments. For example, The DEPARTMENT OF LABOR FIDUCIARY RULE ON RETIREMENT ACCOUNTS + +DL: Thats right, yup + +LB: The industry buried the Department of Labor in comments and that meant the department of labor had to spend an inordinate amount of time responding to them + +DL: Lets talk about that for a second because people may not understand that IT IS THE LAW THAT AN AGENCY HAS TO READ EVERY COMMENT LETTER. + +LB: That is correct. So if you write to them and say “I think that your dress is just hideous”, somebody is going to read that. So you know, its not just a void. There is an entire… there are people and their job is to do this. Sometimes there are so many comments that come in they need to drag in staff from other areas to be able to process them all. + +DL: Thats right and thats part of the American .. APA… Procedural Act.. + +LB: Administrative Procedural Act + +DL: And so a big part of that, an agency has to make sure they adhere to the legal process described in that otherwise they can be sued after the fact for not living up to the APA, and rules can get overturned" + +LB: Absolutely and that is a tried and true tactic. AGAIN, I THINK THE DEPARTMENT OF LABOR FIDUCIARY RULE FOR RETIREMENT ACCOUNTS JUST LAYS THAT OUT SO CLEARLY. Many of us were advocates for that fiduciary rule. + +DL: Thats right + +LB: and there were 3 different lawsuits that attacked it once it was adopted by the DOL and those Lawsuits primarily attacked the rule as not having been adopted in compliance with the administrative procedure act. Various different hoops that the government has to jump through and many of those were the DOL failed to adequately consider certain comments. So what will happen When the SEC is done digesting all of these comments and has read them all, they cant adopt a proposed rule without addressing in that final rule proposal, or final rule adoption… how it’s addressed those comments. So, they dont have to go though it all one by one by one, but they do have to address all the issues.” + +DL and it makes a difference right? It makes a difference if, for example… Its probably also important to recognize that for most proposals, either from SELF REGULATORY ORGANIZATIONS or the SEC, THEY DON’T GET ANY COMMENTS, SO WHEN SOMETHING GETS A LOT OF COMMENTS, THATS IMPORTANT, AND THAT MAKES A DIFFERENCE. + +LB: Exactly, and many times, there might be a couple comments, there might be something that comes in from industry groups but MOST OF THE TIMES RULES ARE ADOPTED WITHOUT ANY INPUT FROM THE RETAIL SIDE OF THE HOUSE. Part of that is because industry has trade groups that are laser focused on everything that the SEC is doing because it impacts their bottom line. Now, on the investor side, we have to rely on not for profit organizations. Volunteers… people who undertake this not because its in any one of our… its never worth it for an individual if they were to do this for economic reasons… few of us have a large enough stake that this rule change makes it worth it for us to invest a bunch of money in developing a comment rule, hiring a lawyer, trotting out to DC, and showing up to advocate for a rule… its just not the same. But, when many many many individuals send a comment letter in, it could be written by… you know, just your own letter, the government notices. + +DL: So lets talk about that. Often you see letter writing campaigns, its not often but it happens… the usual means is through form letters. So a group will say we want people to take this form letter and sign it and send to a regular, and we’ve already done all the work for you. Whats the difference between the form letter approach for example and people writing their own letter? + +Both are helpful, but an individualized letter is always more powerful. It’s always more persuasive. I dont know if folks have written letters to their legislators, maybe state legislators, member of congress, senator… but theres sort of a multiplier effect in there. If a legislator gets one letter, they don’t think “Oh just one person thinks this… they think “wow one person was moved to write a letter. That means there are lots of other people that probably think the same thing but havent been moved to write a letter. So even though you’re not saying you’re representing a group of people, you de-facto are. + +DL: Mhmm Thats an interesting point + +LB: So thats why if theres just one form letter, I think it has less effect of that mutiplicative effect than an individualized letter. + +DL: Yea and the way I’ve seen it on the SEC website for example, if they are receiving a form letter, in the comment web page it will say “Letter A” and it’ll have a count next to it, and they will acknowledge that they received 100 of this letter… and in the final rule proposal they’ll say “we received this number for this letter” but it doesn’t quite have that same authority as “we received 100 letters from individuals who are in favor and they made these various arguments. 50 of them made this argument and 80 of them made that argument” I think that is a significant difference in the two approaches. + +LB: Right and I think there’s the multiplicative effect, theres also the impact particularly in the APE community were people have so much specific information that they have collected that, you know… its documentation. I think its more helpful than having a form letter that sort of lays out that this is what the position is that a group is adopting. I think its pretty powerful to say… OBVIOUSLY THESE ARE PUBLIC STATEMENTS. YOU DON’T WANT TO PUT A LOT OUT ABOUT YOUR OWN INVESTMENTS (BUT YOU MIGHT) AND THERE’S JUST SO MUCH GREAT DOCUMENTATION THAT APES HAVE POSTED ON TWITTER, ON REDDIT OF SUSPICIOUS THINGS THAT HAVE HAPPENED. AND I THINK THATS WORTH WHILE USEFUL INFORMATION. We probably can count on the government occasionally taking a look at twitter or occasionally at reddit, but IF YOU WANT TO REALLY REACH THE PEOPLE AT THE RIGHT TIME AND GET THAT INFORMATION IN FRONT OF THEM, THIS IS THE WAY TO DO IT. + +DL: So what do yo think are the elements that make a comment letter effective? What do you think is the right tone and the right approach for people who probably haven’t done this before or if they have, maybe just threw some words together in a text box but they’d like to do this in a more literate and disciplined way? + +LB: I was thinking about that. I put out a tweet a while ago… the tone I think, is to talk to somebody… write it as if you’re writing to someone who is open to hearing what these issues are, be thoughtful about it, MAYBE NOT AS INFORMED AS YOU ARE. PRESUME THAT YOU ARE ABLE TO PROVIDE SOME INFORMATION TO THE READER THAT THE READER DOESN’T NECESSARILY ALREADY HAVE. That puts you in a position of not saying “Hey SEC ya big dum dump, you dont… why aren’t you dealing with this?” But \[instead\] you’re saying “here are some facts, that you, reader of this letter, might not know. Here are the charts, here’s the data and whats happening. And then in terms of the content, you want the letter to be targeted to the rule or proposal that’s at issue. + +You may have lots of other things, you know… many times, these proposed rules are somewhat narrow, and what you want to get to is “hey, the market plumbing sucks, there are problems in this structure”, but thats something that I think is more of a footnote, IF YOU WANT TO BE EFFECTIVE, TARGETING YOUR COMMENT TO THE PARTICULAR ISSUE AT HAND IS IMPORTANT. And in talking about that, you can talk about how it is part of a bigger market structure problem. There’s nothing wrong with that, but you do need to focus to some extent. Make sure they know you are commenting about “this”. + +DL: You might have read the rule proposal, and I think there are usually some standard reactions. One is “I support this completely” and you need to do it. And you need to comment because there are probably some firms that say “this is a terrible idea and its going to cost us a lot of money” so its important to get your support in there. You might “I support the purpose of this but its not going to accomplish that because its not implemented correctly” so you might be offering technical ideas on how to do it better, or how to expand the scope of a particular proposal so its more effective. And finally, it might be a rule that goes agains everything you believe, and in that situation its good to let the regulator know that too. Let them know why its a bad idea. + +LB: Right and another issue is, I sort of think about it as you are writing a letter but you are also making a case, so it is a little bit… you are writing a persuasive piece, so you want to identify who you are right at the beginning. You know, “I am a retail investor, I have been invested in the market for the last 5 years or 2 years… I invest in these types of equities”… just give them some sense of who you are… you know “im not a market professional” And then Identify whats at issue, what you agree with, what you dont agree with… what the particular position is that you’re taking on this rule… thats a good point Dave, sometimes you love it 100%, sometimes you hate it 100% and sometimes you’re in the middle and you have some suggestions. And the important thing is sometimes those suggestions really really are adopted + +DL: I think its important for poeple to understand that. I’ve been through this process many times now and I can tell you its made a difference. My comment letters have been cited in the final rules that they’ve changed the structure of some of those rules, they’ve increased the information in transparency proposals, they’ve made pilot programs include other efforts. Ive found the process to be one of the more productive things that I’ve engaged in in terms of advocacy. + +LB: Thats wonderful and I’ve had the same Experience where sometimes theres been a complete defeat of a really bad proposal, which is really exciting and sometimes there are tweaks that happen and thats part of this process of commenting thats interesting, because it tends to take place over this period of 60-90 days, sometimes its a little bit longer and people get their comments in a little bit early. So you might see certain industry groups or certain investor advocate organizations get their comments in early… and then you’ll see comments coming in responding to those comments… and then you will see a rebuttal. So there can be a back and forth and that can be very helpful to the regulators too. That gives them… they’re seeing the point/counter point and they’re seeing direct addressing of these proposals. Maybe if you say “yes you can do x, but maybe y is better” then a brokerage firm might come back or FINRA, or a trade association might come back and say “well, they’re proposing Y but here are the problems with Y” but then, it the time hasn’t run out, you have an opportunity to write again and say “well they point this out with y, and maybe this is true, but this other thing they said isn’t true” + +DL: And ive even found on occasion that the deadlines aren’t quite as hard and fast as you think. You know the SEC is comprised of only so many people and they got a lot to do and if there able to sort of analyze all the comments right after the deadline and some come in late, it doesnt mean that those are disregarded, especially int he case Wehre they’re responding to other comments, that can be very effective. + +LB: Yes… and the ability to comment with that button online may go away, but that doesnt mean that you cant mail. You can print it and send it + +DL: Haha ive never done that, Ive only emailed it + +LB: Theres this thing called paper \[LMAYO\] and envelopes and you know, theres little stamps… anyway, so old school but I’m old school so sometimes, thats how they go + +DL: Laughs + +LB: I suppose you can email them too + +DL: Thats right and here on the page we’re going to have this video on, we’re going to have instructions and guidance on the elements of a comment letter, were going to have samples of comments that you can look at, and we’re going to have that email address to make sure that you put your comment letter into some sort of standard format, word or PDF, the usual ones, and let the SEC know what that format is when you send the letter over + +LB: And somebody will read it, theres no question… we have made lawsuits… If they dont then they open themselves up to that rule being challenged in court and they dont like to do that. They’re very careful, you know, methodical people at the SEC and most other agencies, and they will do exactly what they need to so. So you might not see your comment reflected. You know when Dave says… its exciting on a footnote, “they looked at my exact point and here’s what they did as a response” thats great… They might not pick yours, they might pick one that is representative of the hundreds or thousands of letters that they’ve received but you can still feel like thats your letter. They will say something like “ we received a hundred letters that are like X and that raised this issue. For example, (blah blah blah) and they might name a few. But you can be sure that even if your letter is not specifically mentioned, that your point has gone through to somebody and that they’ll respond. + +DL: Yup, and I think we’re entering this brave new era of grassroots advocacy on market structure. Its a complete game changer in the way things have worked up until now. And im very excited at the opportunity and the idea that people who are watching this are trying to learn how to be a part of this process because its something that affects all of us. And to get involved means that you care, and it means that we can make change happen this way. + +LB: The other thing that you’re doing with these letters, is that there are folks at the SEC, many of whom are advocates, who want to do what we want, they want market structure to change. They want it to be more retail friendly, but when they are going up against the power of industry, that tremendous lobbying machine, (it is a juggernaut. And another thing you can look at, you can go on the SEC’s website and you can look at in connection with these rules, and you can see who visited the SEC… and its not us! Occasionally I have, as just an individual, have gone to the DC and met with legislators and met with the SEC to advocate for things like a uniform fiduciary rule or things like, you know, cleaning up certain reporting that FINRA does… But, you know, I’m paying my own way. Fidelity, you know, and various other trade associations…. They’re paying lobbyists to show up on a regular basis. + +DL: Thats right, they have an army of lobbyists. So the only thing that can fight that is an army of individual investors. + +LB: Exactly, so… you know I think it is more powerful to get an individual letter because again, you’ve go the multiplier effect. That one letter means theres probably a lot more people who probably think that way. And those people either couldn’t figure out how to write the letter, or weren’t moved to, or were busy with their lives and just weren’t able to carve out time to do it, so you know, it really does matter. + +DL: Alright, anything else, did we miss anything? + +LB: Not sure we did. Im really looking forward to get this juggernaut moving. Its such a wonderful wonderful idea. I thank you for inviting me to talk about this and I look forward to working with you on it. + +DL: I really appreciate your support and its a new era in market structure, and I think that 2022… man what a year this is going to be. + +to get involved in the advocacy process, head to our website, Urvin.finance/advocacy + +# End Transcript + +TA:DR + +Dave Lauer & Lisa Braganca BOTH confirm, from personal experience, that the SEC and other government agencies are legally required to actually read EVERY SINGLE COMMENT LETTER submitted. This is because of the Administrative Procedures Act would open them up to LAWSUITS for not addressing public comments, and rules can be overturned. They also confirmed that, while submitting a template comment letter can have an impact, WRITING YOUR OWN COMMENT LETTER IS FAR MORE POWERFUL than using a template. + +Not everyone is great at writing, thats ok. The urvin.finance/advocacy link is one big tutorial for how to write comment letters. Not everyone has time for this. Thats ok too, after comment periods close, the SEC has to read through all of the documentation anyway so you can still submit letters via email. “\[Industries\] have an army of lobbyists. So the only thing that can fight that is an army of individual investors.” + +# Bonus content + +>**Breaking Down the Fiduciary Rule** +> +>The DOL’s definition of fiduciary demands that retirement advisors act in the best interests of their clients and put their clients' interests above their own. It leaves no room for advisors to conceal any potential conflict of interest and states that all fees and commissions for retirement plans and retirement planning advice must be clearly disclosed in dollar form to clients.4 +> +>The definition has been expanded to include any professional making a recommendation or solicitation in this area, not simply giving ongoing advice. Previously, only advisors who were charging a fee for service (either hourly or as a percentage of account holdings) on retirement plans were likely to be fiduciaries. (And even then, to find out for sure you needed to ask.)4 +> +>KEY TAKEAWAYS +> +>The Fiduciary Ruling was one of the most hotly debated topics in finance, with many brokers and investment firms doing all they could to halt it from being enacted. +> +>The Fiduciary Ruling was brought into effect to protect the interests of clients versus the financial interests of their brokers and advisors. This led to lower commissions for brokers, less income from "churning" portfolios, and increased compliance costs. +> +>The DOL Fiduciary Rulings were vacated in 2018, but statements made by the DOL Secretary in May of 2019 stated the DOL was working with the SEC to reenact the controversial ruling. +> +>The individual investors most affected were those with fully managed IRAs and 401(k) accounts. These investors would have benefited the most from the Fiduciary Ruling. + +&#x200B; + +# More Bonus Content + +>**Summary of the Administrative Procedure Act** +> +>5 USC §551 et seq. (1946) +> +>The Administrative Procedure Act (APA) governs the process by which federal agencies develop and issue regulations. It includes requirements for publishing notices of proposed and final rulemaking in the *Federal Register*, and provides opportunities for the public to comment on notices of proposed rulemaking. The APA requires most rules to have a 30-day delayed effective date. +> +>In addition to setting forth rulemaking procedures, the APA addresses other agency actions such as issuance of policy statements, licenses, and permits. It also provides standards for judicial review if a person has been adversely affected or aggrieved by an agency action. + +&#x200B; + +**Sauce:** + +Dave Lauer and Lisa Braganca - SEC Comment Letter Overview & How-To + +[https://vimeo.com/683960170](https://vimeo.com/683960170)Summary of the Administrative Procedure Act (APA)[https://www.epa.gov/laws-regulations/summary-administrative-procedure-act](https://www.epa.gov/laws-regulations/summary-administrative-procedure-act) + +PDF of APA + +([https://www.justice.gov/sites/default/files/jmd/legacy/2014/05/01/act-pl79-404.pdf](https://www.justice.gov/sites/default/files/jmd/legacy/2014/05/01/act-pl79-404.pdf)) + +Everything You Need to Know About the DOL Fiduciary Rule + +[https://www.investopedia.com/updates/dol-fiduciary-rule/](https://www.investopedia.com/updates/dol-fiduciary-rule/) + +&#x200B; + +Edit: Words. +https://www.bankofengland.co.uk/news/2022/june/financial-policy-committee-confirms-withdrawal-of-mortgage-market-affordability-test + +Any thoughts how this will affect lending in real terms given the climate we are currently in? +I make $4600 per month before taxes working for a company with about 300 employees. I just had a baby and my premiums are going to be $980/month for my wife, baby, and I. I will have to sacrifice my 401k to pay for health ins. + +Am I a sucker or is this the new normal after obamacare? +I am planning to create a few LLCs to hold the properties I own. Main reason is to limit the liability. + +I understand that during LLC filing I can assign an agent which could be companies like Legalzoom or other lawyers who will charge a fee to be the primary agent and would forward any mail they might receive for the LLC while my name would be completely off the record in the LLC registry database. My name will only be there for IRS and other tax filings which are not publicly searchable. + +My question is - when I buy or sell a property using that LLC, the deeds will show the LLC as the owner but someone will still need to sign the closing docs. To keep my name off the title deeds and other documents, who can I assign to sign the closing documents. Would that be my lawyer or some other agent that can be assigned for this purpose? +Hello, + +I’m really getting sick and tired of “real estate investors” calling my phone asking if I want to sell my house. + +Where are they getting my number and how can I prevent this!! + +I figured I’d ask here since I assume many of you have been on the other side of this. +I have about 100K on hand, and I own a rental property in south Florida which has appreciated quite substantially since purchase - approx. 50%. I tend towards investing in real estate, but I can't help but feel like the stock market may be a better bet in today's market. Plus, real estate prices are so high now that It almost feels inevitable that prices will fall, or at least flatten out, at some point soon. It's very tempting to sell my unit, invest that money in the market, and survey real estate opportunities *only for those* deals that would be worth it (for the time being). That being said, I do believe in the FL real estate market, and I don't see similar conditions that would lend itself to a true collapse like we saw in 2008. What do you all think? +We are quickly outgrowing our tiny 2 bed/1 bath home in the Bay Area that we are renting for 40% below market (been here a decade and landlord loves us). Never expected to last so many years here but we will need to move within the next 6 months. Wife and I are in our mid-30’s with a 1 year old and baby on the way. + +Currently earning $1mm pre-tax, which will drop to $500k in 3 years after vesting levels off. $3mm current liquid net worth. 50% chance we stick around the Bay Area more than 5 years (dreams of LCOL mountain towns). + +So do we find a neighborhood we like and buy while mortgage rates are low and before Uber, lyft, Pinterest lockups expire? Finally settle in somewhere we can make our own even with the changes to property and mortgage interest tax deductions? + +Or do we keep renting a bigger place at market rent with the risk of uprooting ourselves over again? And hope that we don’t have to buy later on at a higher price point? + +Curious if anyone else has gone through this recently and boiled the decision making down. Thanks! +FYI, your posts, stories, ideas, adversities, and real-world FI advice in this and the sister FIRE subs are invaluable. Especially for those of us who, unfortunately, really can’t discuss these goals and details with our immediate family and friends for a myriad of reasons, none of them good. Much of that’s been covered here, but it is real. Stealth FI wealth is the best avenue for many of us. + +Living debt free, aggressively saving, and having the actual option of leaving full-time corporate America or other careers for other pursuits (or less pursuits) is so powerful, difficult to accomplish, and really worth celebrating when you finally achieve it, as we’ve very nearly done. + +Thank you for helping with that. You get it, and those in my normal life for the most part can’t or won’t without the stock resentment, entitlement, suspicion, or general mild negativity (“Well, whaddya gonna’ do now, Mr. Richy Rich fancy pants??”). So I enjoy the subs’ posts and questions as many work toward FI. Very heartening. + +Thank you. + + +…there’s suddenly tons of mini whales, people in the XXXX and XXX range. I don’t mean to call anyone out and I truly want to believe that all these posts are legitimate. But if I were a shill or someone on the wrong side of GME I would have a strong incentive to falsify large DRS posts in order to: + +1) discourage real holders from DRS’ing by promoting the idea that it’s being taken care of by others + +2) increase FUD when the DRS bot calculations that include these uncharacteristically large DRS’d posts indicate we have the float locked and nothing happens. + +Until Computershare stops registering shares or RC himself says game over, we should be assuming every post could be a fake. Just my two cents. + +EDIT: Clearly some people disagree with me in the comments. This is just my opinion (check the flair) and you’re welcome to disagree with it. Hopefully I’m wrong, and the posts are all real, and the only thing large DRS posts do to the community is hype them up to DRS their own shares. Just thought it was worth mentioning. +I'm sure you guys have been hearing a lot of this and I don't mean to beat a dead horse, but you guys need to consider something... + +These are each of these asset's returns over the past month: + +NIO: 89.35%, + +PLTR: 82.41%, + +XPEV: 174.67%, + +CRSR: 64.75%, + +LI: 99.79% + +We all know that the idea of the game is to buy low and sell high... it goes without saying that each of these assets are ready to cool off a this point. The markets are barely moving up yet these stocks have rocketed to the moon in basically no time at all; it doesn't make sense. + +&#x200B; + +Now I will ask you, don't you agree with me? Well guess what, If you do, you just failed the test. I lied about those returns, they were the monthly returns prior to today. + +Here are the monthly returns including today's trading day: + +NIO: 112.92% + +PLTR: 111.46% + +XPEV: 267.84% + +CRSR: 85.13% + +LI: 128.72% + +If you agreed with me, you just threw out your one-way ticket to the fucking moon. + +In summary, there is no such thing as the top, "buy low, sell high" is officially being replaced by "buy high, sell at the stratosphere." Stocks go up. + +TLDR: The moon is still far away, just less far away than yesterday. + +Edit: 🚀 🚀 🚀 +I've been looking at investing in a pool of pre-settlement lawsuits. It's a securitized offering of about 1000 separate pre-settlement cash advances on motor vehicle accident claims, mostly in New York state. Minimuym buy-in is $50K and they are offering 13% interest on a roughly 2-year term. Obviously accredited investors only. + +From digging around it looks like these types of claim are basically uncorrelated with the rest of the market. Additionally, the company offering the securitization has already had a dozen or so of these offerings return all money without default. + +Has anyone invested in such ventures before? Any tips / red flags to watch out for? The returns look great and I can see why they are uncorrelated with the rest of the market, I'm just a bit wary of a 13% "zero effort" return being offered. Is there some hidden variable here that could cause a big loss, like an upcoming change to insurance law? + +Any advice would be appreciated. +42, $4M NW, married w/ kids. Plan to retire in an LCOL area where I grew up (so I can stay close with family). + +4M was my very first FatFIRE goal and it's hard for me to ever imagine that I ever hit the goal 10 years ago. Our family budget is to spend 120\~160k annually, 140k on average. + +I'm hesitant to pull the trigger because I have figured out a way to coast by working about 30 hours a week and making $800k\~1M after-tax (or 1.5M\~2M pre-tax) annually (mostly due to the lucky RSU appreciation in the last 12 months). Moreover, the world may need much more time to be fully reopened (Delta variant). + +If someone pulls the trigger for me, say, my boss letting me go, I will just start my FIREed life. I'm in a stage that I can say no or ignore (most) people I don't want to work with. Though I have been in the rat race so long and thus my tolerance level is high LOL. + +I force myself to write down when I will start my freedom, here is my list. (Hitting one of them is enough) + +* It's (mostly) safe to travel the world. +* I can't sleep well at night due to work pressure or whatever reasons that a FIRE life could help me sleep better. +* 2023 June. I'd take a year off to force myself A/B-test FIRE even I'm contented at my work-life. (Most lucky-RSU-appreciation being fully vested by then) +* My after-tax income is <10% of my NW. + +I'm waiting for a good reason/moment to pull the trigger. **I'm curious to learn from those who voluntarily pull their triggers, how can you tell that it's the moment?** **What made you pull the trigger?** +Hi Guys!! + +I’m back again with another post as I continue my forex trading journey! + +I’ve opened a live account on XM with the $30 trading bonus they give for joining as a new member just to begin really trading with real money after spending some time on demo for a bit. Long story short, I didn’t know it was a lot more tougher growing a small account, like really really tough!! I’m making at most $1,70 per trade (3 trades per day) and the minimum is like 85c! My risk management is pretty damn tight! I’m starting to see that you really have to bump up the risk quite a bit to even see decent returns on an account that’s less than $100. However I’m not ready for that yet. So I’ll continue to work with this $30 account until I eventually blow it, I’ll see how long I can keep it going for. At the moment my lot size I’m trading with is 0.01! + +I’m seeking for advice on how to try and possibly grow such a small account as best as I can. + +And my final question is, when I’m ready to make that leap, how much do I realistically need to begin trading to see a decent amount of growth in profits? I’m not wanting to get rich. My aim is to 1 day earn $100 a day. Which is enough for me to live off in my country when all is calculated up in a month! + +Thank you for taking your time to respond your advice in the past has allowed me to continue. + +Take care and stay blessed! +I received notification from a Chinese finance news app. Although Chinese government has been opposing crypto transaction for years, it’s quite vague. The tone of wording this time is quite strong, like punishing on such activities. Before, they only said such activities are not allowed. +I think it could explain why all cryptos are dipping at the same time. Perhaps all the investors, especially institutions, are dumping their coins. +Also, I believe Musk must have known such sanctions were in progress, that’s why he stopped Bitcoin transaction for Tesla to kiss the Chinese government ass. That’s a huge market for Tesla, and electric car companies are rising in China. +Hey everyone, + +&#x200B; + +I'm in my upper twenties and my recent birthday lit a fire in me to get more serious about my financial future. I graduated from college nearly debt free in my early twenties but did not have a good job with benefits until recently. This led to me feeling like I am behind the curve of where I should have been had I gotten a good full time job straight out of college. I do have two rentals and a 401k (investing enough to get full company match) and pension (will be vested after 5 years) but I still feel as though I wasted ten of the most important years of my life in terms of financial investments go. I want to make up lost ground in my thirties and I want to avoid pitfalls that you may have encountered. What mistakes did you make that you would tell other about? What do you recommend for people like me who are late to the game that could help me make up ground? Appreciate your advice. + +&#x200B; + +EDIT - Great advice guys. I upped my 401k contribution to 10% and I started an IRA on Vanguard (i think). I put that I wanted to invest $2000 (all I can spare right now). Vanguard is showing me that I have a Roth IRA account but is the money actually in it or do I have to move the money from my market settlement fund? +EDIT 2: People are claiming volume throughout the day shrunk to 1.7M which would contradict this theory, if true. This theory seems less plausible now... ☎️ on the menu tonight?!? + +Okay, so the volume discrepancy mystery is officially solved. If you read the CTA alerts, which you can find here: [https://www.ctaplan.com/alerts#110000353886](https://www.ctaplan.com/alerts#110000353886) + +It says: + +In connection with the restart of CTS/CQS from 11:32 A.M., **CTS Open/Hi/Low/Non-Listing Market Last Sale and Volume data may not include transactions that occurred prior to the restart**. Listing Market and Consolidated Last Sale information is expected to be accurate. CTS/CQS will notify of corrected data sets when available. + +Now I didn't count all the candles, but I did look in the daily discussion and apparently someone mentioned volume was 750K just over an hour after open. Between then and 11:32 yahoo's minute candles seemed to average about 5k, and elapsed time was roughly 50 minutes. 5k\*50 = 250k. So when summed up with that one comment on the daily discussion, there'd have been about 1M in daily volume up until the halt. If someone is eager, feel free to count the candles and confirm. + +So now the real question is why did CTS require a restart. I go and encourage you to look at how frequent these alerts are sent out. Spoilers it's about once/twice a year, but usually benign, unlike today. Very suspicious... + +PS Credit to [u/aph0r1zm](https://www.reddit.com/user/aph0r1zm/) for discovering it was a CTA alert. + +Edit: I forgot a TADR ...💎✋🚀🚀🚀🚀🚀 +Roblox DPO set for March 10 + +Roblox DPO, which has been delayed a few times, finally coming up on March 10. Looks like will open at 41-45. I was hoping for a little less, but still might be worth it. I think saw initial valuation at 30b? + +Article from WSJ _ https://www.google.com/amp/s/www.wsj.com/amp/articles/roblox-shares-to-begin-trading-march-10-11614010874 + +Might be a good stock, but I'm not sure if the surge in holds past the summer when kids go back to o school. I also like any DPO that goes direct to market. + +Edit: DPO, not IPO +CNBC article [link](https://www.cnbc.com/2021/12/22/options-trading-activity-hits-record-powered-by-retail-investors.html) + +This 1% stat is bonkers, I would have guessed closer to 10% (which is still really bad): + +&#x200B; + +>For example, 11% of Robinhood’s monthly active users made an options trade in the first three quarters of 2021. Meanwhile, fewer than 1% executed a multi-leg options trade, which involves two or more transactions at the same time. +> +>“Everybody in the business knows that if you’re only buying out-the-money calls, then you’re likely going to lose money over time,” said John Foley, CEO of Options AI. “The question of democratization shouldn’t be ‘can I trade options?’ but ‘can I have straightforward access to the options strategies that Wall Street uses?’ The playing field is not level right now and no one is really focusing on that.” + +That means very few options traders are "graduating" to level 3. They're either going broke buying OTM calls (eventually) or going elsewhere to do smarter trades. I know Options AI's focus on spreads means 80%+ trades are multi-leg. My guess is Tasty's and ToS is more multi-leg than single but no clue what level. But RH's 1% is mind-boggling. + +And options regulation is antiquated in that it encourages this behavior. + +The fact that you have to do a bunch of dumb single-leg trades in order to get to the multi-leg spreads (and better yet credit spreads) for the same or better costs and higher probabilities, makes no sense. + +It guarantees that most people's initial experience with options sucks. It's like a casino saying "to graduate to playing odds on the craps table, or better yet a game of skill in the poker room... you first need to lose a bunch of money doing YOLO bets on single numbers on the roulette table." + +Institutional options flow is 75% of the market and it's almost all multi-leg (and if single leg it is usually against an equity position). With RH being so much of the retail trading that other 25% would be like a mirror image of institutional flow, and not in a good way. +**The Challenge:** *Double a $30K account in four months - 88 trading days, without using low float momentum trades. This is the update after two weeks, or ten trading days.* + +**The Reason:** *I set up this account specifically for this challenge. Posting trades from my regular account was not instructive - mainly because, the trades were not relatable (e.g. most people are not buying 10 ITM TSLA calls that are 3 weeks out). However, I wanted to show traders that it is possible to quickly grow your Day Trading account without having to do low float momentum trades (which is a fast way for traders, especially new traders, to lose a lot of money). Instead, this challenge intends to utilize foundational Day Trading methods (i.e. Relative Strength to SPY) in a completely transparent way. The amount I chose to start with was $30, as the federal guidelines requires $25K to Day Trade and I added $5K for some cushion.* + +In order to reach this goal I would need to average $341 a day. + +Every trade since this challenge has started has been live posted in r/RealDayTrading as they happen. + +I am also providing the link to the accounts' TraderSync log. Here is the updated log as of the end of day today: + +[https://shared.tradersync.com/hariseldon2021](https://shared.tradersync.com/hariseldon2021) + +I have not finished updating the "setups" and "mistakes" in Tradersync, I will do that this weekend. + +*Note: There are still some open positions that TraderSync does not report until they close, including calls for* ***DDOG*** *and puts for* ***CL.*** *As well as an open* ***/ES*** *short. Thus, the total is overstated by about $1,700. Only closed trades are included.* + +Also being carried into next week are **IR** calls, **MA** puts, **SFIX** puts, **SNAP** calls and **SPCE** calls. + +The total account value is at $35,321.48, almost $1,000 over goal. + +Commissions and Fees paid so far: $669.82 + +Total number of trades: 223 - with 30 trades considered "Breakeven" (*within $25)* and 8 open trades. Of the 185 remaining trades that were either winners or losers: + +Winners: 139 - 75.1% + +Losers: 46 - 24.9% + +**Notes:** Computer issues limited me to only a few trades today, and I took part of yesterday off. + +I made several mistakes (**PINS, MRNA**) that I outlined in other posts, and Ameritrade closed a lotto trade last Friday which cost me roughly $500 in profit. + +This challenge is not for me to prove anything about my trading - to be honest, I do not need to - I have traded for a living for the past 3 years, make a good living out of it and have absolutely no need for validation. However, after posting on the various trading forums here and speaking to hundreds of traders over the past two years, several things have become clear: + +1) Most people believe Day Trading is primarily *Gap n Go* strategies, which is what most so-called "gurus" market to people. **This is not Day Trading**. In fact, this method is *extremely difficult* and the last thing new traders should be trying. + +2) Everyone else believes that it is impossible to be a consistently profitable Day Trader. Now I know this isn't true, because I am one. Many of the professional Day Traders I know, also know this isn't true, since they do it as well. Unfortunately, people here got it into their heads that 95% fail and technical analysis is bullshit. Well most people *do fail* but that is because nobody tells them how difficult it is, and how much time (about two years of training) and effort it takes. + +So I set up r/RealDayTrading to be a place where people can learn how to actually do this for a living. I am not selling anything, have no desire to have any channel and do not have a product. Once again, don't need it, don't want it. However, I did want a place where other pros could come and teach people how to Day Trade without constantly being attacked by trolls (shocking I know, but Reddit has trolls). I am very thankful that several of them agreed to come on board as mods and have been posting excellent content. However, advice only goes so far - hence, this challenge. + +I hope some of you are finding it helpful. + +See you next week! + +Best - H.S. +Microsoft, Apple, Google, and Amazon are neck and neck these days when it comes to technology and market cap. Out of the four of them, Microsoft looks like the most solid buy, and not just because they’re the only American company aside from J&J to have a AAA credit rating. + +Apple is a victim of its own success. The iPhone X will reportedly be discontinued due to it’s unjustifiably large thousand dollar+ price tag and lagging sales. Which is why the gold iPhone X was never introduced and the Product Red iPhone 8 is being promoted instead. Apple has invented nothing impressive after Jobs’ passing. The Apple Watch is a flop with apps being removed including Instagram, Amazon, Google Maps, EBay, Slack, and more, most likely due to a lack of use. Now the flip side to the argument as to why you should invest in AAPL is that Warren Buffett’s Berkshire Hathaway is invested in Apple, and as of this writing AAPL is actually their largest holding. Buffett’s reasoning because Apple has a large “moat” meaning that consumer loyalty to the brand is super impressive. But with HomePod completely missing the targets and being a thorough disappointment with an inept Siri and again super high price tag, Apple is pushing the limits on what it can get away with. Maybe the Oracle of Omaha sees something I don’t, but when I want to see the cutting edge in technology I go to the Microsoft Store to test out Hololens, not see another iteration of the iPad Pro which now supports Pencil. + +Google is a mixed bag with awesome strengths as well as warning signs it may just be a follower in the industry, and not a good one at that. The strengths of Google are that it still has a monopoly on search, its maps apps (Maps, Waze, Earth) are unrivaled, and it is dominating the classroom with its free online productivity suite of Docs, Sheets, and Slides. Not to mention the fact that YouTube is unrivaled, Google Chrome is unrivaled, and Android is unrivaled when it comes to an iOS alternative. The weaknesses of Google is that they sometimes have no idea what they are doing and fail spectacularly. Google Glass was creepy. Google Plus was lame. Google Nexus went nowhere. And even though Android is breaking record numbers as the world’s most popular OS, Google still clings to their vision of a webpage-centric OS in their flailing ChromeOS. So flailing in fact that they had to suck some energy from Android and make Android apps compatible with ChromeOS. + +Amazon is a company I hate with a passion. They abuse their warehouse workers, Jeff Bezos is the richest person on the planet yet he refuses to donate to charity nor conduct interviews except for maybe one by his brother, and this hunger games Amazon is having cities do to impress them for a second headquarters is just messed up and totally fake (Boston is still in the running and they explicitly said they’re offering jack shit with regard to tax breaks). Plus reports are coming in that Whole Foods is being ruined from within: upper management has left, suppliers have left after fees were increased, produce is lagging in quality for the first time, stores are forced to become more centralized and less locally involved, and shelves are deliberately being left empty because of a new system of stocking which may be more efficient but looks awful. Can’t wait for Amazon to fail on this one just like they did with their Fire Phone. + +Microsoft is by far the most impressive tech company on this list. Their hardware is top notch, making them safe in an era where companies who make their money on data, like Facebook and Google, are caught in the crosshairs of public perception and backlash. Microsoft’s CEO Satya Nadella is a thoroughly impressive individual who has worked at Microsoft for decades, is humble as well as decisive, and seems to be ready to cut tech that isn’t working for the company while fostering growth and innovation for sectors of the company that have potential or are currently working well. Microsoft Stores are opening up and introducing people to innovative tech straight from the company itself. + +In summary I’d say that Microsoft is going to continue to trend upwards, Google’s fate is in their own hands, Apple is not going anywhere better, and Amazon will continue to slide. And when it comes to long term success, I’m more likely to invest in tech companies that do hardware and have a physical presence like their own stores (Microsoft, Apple) than companies who rely totally on reputation (Amazon, Google save for Nest and Pixel). +I am a little bit in debt and own two houses that both need repairs. I have rent coming in and a steady income. But dint have miney right now to fix repairs. Cannot get a higher mortgage. If i sell one i can have the other mortgage free and do the repairs. However have a future bad pension situation and wanted to decide in 10 years what to do. Two houses gain more value than one i suppose +The financial tightness is wearing me down So don’t know what to do sell one or not +I'm (trying) to pose a question purely from curiosity, but in the interest of clarity, I should say that M1 Finance is the brokerage I'm referencing. They offer a 2% margin rate with a $125 flat fee per year, which means for any five-figure account this is probably worth it. + +Now my question is, assuming that even fairly conservative index funds average about \~6% returns per year, does it make mathematical sense to maximize margin if the rate is lower than this return? + +Sure, in down years you're paying an extra 2% on your losses, but if we trust historical data than the down years are few and far between and returns should be in your favor over time. +My wife and I (both late 20s) are looking to sell everything and travel for a year with our daughter (currently 2) starting August 2023. This plan is contingent on a consistent reopening of travel. I am coming to FI since there aren’t many subreddits with great information about “slow travel” (the subreddit is pretty dead) and the last relevant thread was 9+ months ago. + +I am currently a Dentist, practicing in the states, and my wife stays home with our daughter. Our NW is around 1.7M. 1.35M in taxable brokerage accounts, 100k in cryptocurrencies, 100k in home equity, 40k in cash, 30k in retirement accounts, 30k in paid off cars, and 20k in bonds. Most of our NW is derived from luck. Currently have 1.5 more contractually obligated years to work, and then we are free and clear. Only debt is attached to our house. I have a revolving collateralized LOC of 200k with a $100 balance to keep it active. + +We are feeling pretty burned out going through undergrad, dental school, and these last few years working, and feel like we want to take a hard pause to spend time as a family. I have lived abroad in the past and we have travelled together. I understand some of the difficulties of long term travel. However, I have never travelled extensively with a child. Our daughter will be nearly 4 when we plan to leave the states and head to Europe. + +Our current projected spend is roughly 5k per month. This is consistent with a 3.5% withdrawal rate, and I think it is a pretty generous budget. + +Lodging: $2,000.00 + +Food: $1,200.00 + +Health Insurance: $100.00 + +International Travel: $300.00 + +Local Travel: $550.00 + +Activities: $250.00 + +Self care: $200.00 + +Phone/ Data: $60.00 + +media: $50.00 + +Visas: $20.00 + +Gifts: $80.00 + +Storage facility: $120.00 + +Total: $4,930.00 + +Our current itinerary is to stay roughly 1 month in each city starting in Edinburgh -> Prague -> Budapest -> Slovenia -> Croatia -> Istanbul -> Jerusalem -> Florence -> French countryside -> Spain, and fly home from Barcelona or leave the Schengen zone and continue our travels. Our itinerary is very flexible at this point, and is centered around European Shengen zone rules. We love the idea of going to Istanbul, but worry that going from central Europe to Istanbul to Israel, back to Europe could be a lot of travel. Would it make more sense to keep the trip a bit more centralized? + +We plan on renting a car for several weeks in each of the locations to explore some of the smaller/ less travelled sites. Any advice on specific destinations that we should include? I feel pretty confident that we aren’t just larping/ grasping at straws. In my head, our plan seems pretty solid, but I can’t shake the feeling that I am overlooking something. We plan to purchase our flights 6-8 months in advance using CC points, and pre-purchase our first month’s airbnb/ car rental. We also anticipate around $2500 on hiring a moving company to put our stuff in storage. + +All advice, encouragement, or personal anecdotes are welcome. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Has anyone ever calculated the cost to buy one share of every ASX listed company, and then tracked the performance of them over time? +I wouldn't even know how to start, and I don't think I have enough crayons left anyway... +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Hey all, + +I am just trying to figure out what would logistically be the best way to tackle my debt. I have 5 cards that are all around $400 and two cards that are maxed: $3000 & $1400. + +Would it be best to pay everything off at once? Or to pay off the $3000 & $1400 card, help my credit score, and put the rest into savings as a buffer? + +Is this the best use of these funds? Thank you in advance. + +EDIT: I don't know why my return is so high. I typically average a return of about $900 or so. I did have many major life changes: I had my son last January, I bought a new car last January, new job, and I moved out last year as well. + +I gross about $700 a paycheck, losing $140 to taxes, each week. take home about $500-$520 a week. + +Thank you for all the responses. I will pay off all my debt & look into why I'm losing so much income to taxes. +I just wanted to let everyone know the little known fact that you can get an AARP membership at any age, you don't have to be over 55. There are a lot of national discounts available ranging from prescription discounts to auto insurance, but there are also local discounts on all sorts of things like oil changes and free meals. +In the past week, I have used my AARP card to get extra rewards points at Walgreens, get a discount at Dennys, and get a free spaghetti at Fazoli's. +2020-2021 was the greatest bull run in history. Im having a lot of regrets and kicking myself for not having much money to invest. + +If I invested a few hundred thousand dollars at the start of the bull run I would probably be a millionaire now. + +I just keep looking at the hockey stick trend line on the SP500 chart and feel like I missed a once in a lifetime opportunity. + +We could be experiencing another bull run as it seems the market is rallying again in the past few days, but I severely doubt it will look like the past 2 years, especially since the fed is raising rates. + +How do you guys deal with the regret of missing out? +So I am 26 years, from a small country in the EU. I work as a storekeeper in a factory, and used to be a cab driver part time for a fixed per hour wage. You expected to see Entrepreneur, YouTuber or Software Developer... right? + +I still live with my parents and have very little expenses, apart from taxes, gym membership and car fuel. I've been into this Retire Early mindset since I was very young. Never really saw the point of working till you're old. + +So I saved and invested 95% of my net income yearly. (We're talking 15k euros per year net wage). + +By last year I had about 180k euros invested in mostly local equities. Then I decided to purchase an apartment for 180k Euros (included closing fees and was undervalued by at least 30k) with 50% Down payment and keeping the other 90k in equities. I rented it out for about 8k euros per year. + +Now I decided to liquidate most of the equities to try and buy another apartment but the banks didn't like the idea so I decided to pay off all my mortgage instead. I now have a fully paid apartment which is now valued at 240k. + +Currently I have zero debt. I have about 20k between cash / crypto / equities. For a total Net worth of about 260k. + +My goal is to purchase another apartment and fully pay it by age 31 - which would also be my lucky birthday. + +Upon reaching my goal I would have approx Euro 550k net worth at 31. This would give me about 15k euros passive income per year which is 50% more than the current minimum wage in my country of 10k Euro. + +I would then semi retire to a point where all the passive income is completely reinvested. Then I would just relocate to a high income country in the EU working 60hour work weeks for 3 months and save everything. Also get refunded on tax because you don't reach the thresholds for income. Then have 9 months of traveling around in low cost countries around mountains, beaches and nature. I'll get a local media company to make an article on my odd successful life and start a YouTube channel documenting my journeys. + +Repeat the process for a couple more years till YouTube earnings are enough so as to never need those 3months of work a year. + +&#x200B; + +Being able to work 3 months a year at the age of 31 is a dream for 99% of the people including myself, but it doesn't come without some disadvantages:- + +1. I would have basically skipped a decade of my life. No travels, losing friends, little social life. +2. Most people don't understand your idea of freedom and life. +3. Finding a partner with the same ideology is going to be extremely hard. + +However there is the advantage that I learned to be alone. Go out alone, especially in quiet and around nature. I set gym goals at the age of 16 and 10 years later I barely do any effort to look & feel better than most people. I expanded my knowledge by completing a Diploma in Nutrition, in insurance, in IT and in Personal Training. I also find more time to read books that I borrow from libraries to avoid purchasing anything. I don't have to keep updating my wardrobe, since I barely use most of them, they look brand new hehe ;) + +&#x200B; + +i didn't write this post to brag. I wrote it as a means of motivation for low income people. Yeah you're going to sacrifice basically everything for just a couple of goals. But hell, once you reach them the satisfaction will be huge. + +5 Years away. Let's do this. + +&#x200B; + +**Edit:** I see that a lot of people are posting regarding living off my parents. Well yeah. What's wrong with using all the opportunities at one's disposal to reach goals? In my country people tend to live with their parents until marriage anyway. + +Also, my parents have always been frugal themselves, so them helping me to achieve my targets is giving them a lot of satisfaction, although I must say they do not agree with me Retiring Early. So much so, that my father is of age to retire and get government pension and just chooses to keep working because he enjoys work. Apart from the fact that my parents have investments themselves. Let's say that they don't need my help financially. + +&#x200B; + +**Edit 2:** Geez didn't expect this amount of engagement. Here's my replies to most Questions: + +* Yes, yes, everyone saying how easy it is when you have your family pay for food and you have no rent. Sure it's great and can't help but appreciate what I have, but you're just saying that to undermine the effort I put in. +I could have done like most of my colleagues and people my age in my country, which is go abroad 3 times a year, spend all money on cars / phones / clothes and so on and have zero net worth, even though most of them have similar opportunities. +It's not easy to basically delay gratification for 10-15 years. People can't even go a week on a diet before buying an ice-cream and I am here with little social life, few hobbies, and just work, save and invest. + + +* You guys misunderstood the motivation part and are focusing only on the 95% savings rate, which might be unattainable to most. Well my aim was to tell people to Delay Gratification. Because if you can save 70% and are only saving 50% because you want to enjoy life today using those 20%, well then that is your fault. I can assure you I would much rather use 15% more of my income to have a life, but then I'd have to spend more hours working.. Sacrifice Today for Tomorrow. + + +* As for the YouTube thing, well getting a local media company to write an article is relatively easy to do. Will the channel be successful? No idea, but since I would be traveling anyway, might as well just video places and upload to YouTube.. 3 years later something might happen. And to be honest, if I make 5k/year from ad revenue + affiliates it would literally replace the 3 month work / year + + +* For those who do not understand why I will still work 3 months / year instead of just using the rental income. Well I want to get a bigger net worth and more passive income in the future, therefore I will reinvest all the rent I get and just live/travel on the wages earned that year. + + +* As for those saying I am not diversified. Sure, but in my country due to limited land, basically house prices always went up or went down very little (in 2008-09, they lost 4% value). So it is a stable store of value along with a good passive income. In real estate you can also use leverage to make more gains, while investing solely in stocks and ETFs is not recommended to use margin. - Although I had amassed my net worth by investing in local stocks mostly. Also, you can't really buy 5 units with 550k. 170k gets you a decent 2 bedroom in few locations nowadays. +Finished undergrad in Finance/Eco around 4 years ago (and level 2 CFA candidate), so far I've just been working as a portfolio analyst doing asset portfolio construction/ allocation/research work at a small pension fund. We meet a lot of PMs and recently I've been very keen on quant strategies and I've noticed many of the people working there have a Masters or PhD in Comp Sc or Mathematics/Stats/Physics. + +1. Is it worth pursuing one of the these degrees to get a break-in. I'd imagine it's borderline impossible without a quant background? Once I finish my masters degree i'll probably be around 28 (is that too late to break in?) +2. Which one is preferred in industry Comp Sc or Mathematics/Stats? I can pick either one and minor in the other. Maths degree will take me longer and is more expensive to finish (have to do some pre-req subjects). + +I'm thinking maths is better since learning programming skills is cheaper online with coursera, udemy, etc. + +Appreciate any advice or guidance on this. Thank you! +The US has taken action on El Salvador about adopting bitcoin but also about our political decisions. + +In our country they have been openly asking for us to go back to the previous political administration that we had and to go back in our steps to restore the previous system we had, they want back the politicians that they used to control with money in our country. Like the US has been controlling our country and doing whatever they wanted since the civil war we had in the 70's when they influenced the government or even before in the 50's when they used to slave us and control the fruit exports from us and also started to control the corruption. That is a historic fact that everybody knows here in El Salvador and and a practice that they kept until the current government and they are still thinking that they can keep doing it, but we are a different society now. + + +It was revealed that the US tried to buy Salvadorian politicians recently and today we had a new protest with US flags everywhere (they don't even hide it anymore). The politicians who had accepted money from the US in exchange for decision power are being processed by our laws and El Salvador just opened a new media channel to fight agains all the fake news that come from Washington DC, for now one of the first El Salvador news in English is this: + + +[El Salvador news English](https://elsalvadorinenglish.com/2021/12/12/salvadoran-political-opposition-fails-in-a-march-called-against-nayib-bukele/) + +Edit: I also forgot to mention that they removed the ambassador and the "foreign" businesses delegate that they had in our country saying that our relation is "complicated" now and tried to put fear in the population making them think that the US is now against us. But the people now sees their government like the interventionists that they've always been, we are in peace with their people because a lot of their citizens are also our family but we're disliking their government. +debated posting this, but just doing it- some of you need to hear this right now, myself included. + +sitting in the icu with my 6 yr old who’s on a ventilator and feeding tube. + +we’re through the worst of it, but it’s still terrifying- life is fragile. + +don’t let anything get in the way of making sure your loved ones know, beyond all doubt, that you love them. + +grab them- tell them- don’t wait. + +it’s easy with your kids, but even if they’re older, it’s infinitely better to feel weird saying it than to miss your chance. + +do it no matter what. + +idk- just life. + +love y’all. +I see Watson being heavily advertised on a lot of media platforms as a technological panacea. I haven't heard of any large scale deployments with meaningful success. I studied neural nets and machine learning as an undergrad in ECE, and I believe companies like NVDA are getting us to the point that we may start to see some real practical applications. But the advertising for Watson is all over the map in terms of its applicability and it strains IBM's credibility in my mind. + +Can anyone with more knowledge in the field and specifically with knowledge of the Watson product shed some light on if this is advertising hype or something that will result in actual revenues long term? I don't see how a company having difficulty maintaining its traditional business can successfully execute on something so radical, even if there is some merit to some of its applications, and I have a hard time believing they have any special sauce that would make the tool more generally applicable save for perhaps better access to certain datasets than competitors. + +I currently have no position in the company fwiw. +TLDR: Monzo will only initiate contact with you through the in-app chat, never by phone. + +Woke up to 2 missed calls this morning, called the number back and it was Monzo. I got through to customer service to see what they were calling about and they had no record of calling me, and advised that they would never call out of the blue. + +The guy went on to say that they're got some ongoing issues with scammers calling customers for account details, and the calls are made to look like they came from Monzo's number. + +Don't answer any calls from Monzo, and if someone calls claiming to be from Monzo, hang up. The guy from customer service said Monzo will only initiate contact through the app chat, never by just calling out of the blue. + +Hopefully this helps someone out there x +Hi everyone + +Just wanting to know the facts. + +My partner and I put a formal offer in for a property yesterday afternoon. Sellers accepted the offer. We signed the sale contract and are waiting for them to sign. + +There was an open house scheduled on this property today and it's still showing up as scheduled. + +Is there a chance the real estate agent can still put forward offers to the sellers until they sign the contract? + +Getting a bit nervous as we love this house, but happy to get the facts and be told how it is to save getting too excited at this stage. + +Thanks everyone +It's because of the rise of paper Bitcoins like WBTC, GBTC, ETFs, derivatives etc... Paper Bitcoins are making the velocity of real Bitcoins decline. Paper Bitcoin issuers hold the real asset in reserve somewhere, so onchain it appears the coins are dormant, when really the Bitcoins are moving in the paper market. + +Now I'm not saying that more people aren't hodling than ever, I'm just pointing out that people are misreading what the onchain data really means. Onchain data is basically useless in this new world of paper Bitcoins. +I have about 30 minutes for a presentation and/or activity. We are dealing with 3rd graders who have been taught the basics, so this will hopefully serve as a review and to reinforce some of the themes. I want to do something that includes the basic concepts of scarcity, goods/services, and voluntary exchange. +I became a contracted consultant right out of college. Despite having been an investment banking intern and worked on a cutting-edge trading platform; I found the day-to-day in finance too monotonous and took the risk of joining a couple guys I barely knew to work on a startup. + +I signed a contract to work as the Interim CFO - compiling reports, projecting financials for capital raise, building slides and getting to work on the overall strategy. I was also to assist the partner with his other real estate business doing similar work. I owned no equity but I was told there would be plenty of options to acquire some after the first capital raise and bonus cycle. Both of the guys I was working under are much older, own multiple international businesses, and have a serious network of entrepreneurs (as verified by emails and research on executives). + +Fast forward to October 21st, I was expecting my first check; the partner I was working under told me to wait a few days and I thought nothing of it. A week later I was told his foreign accounts triggered a Suspicious Activity Report causing his assets to be frozen. After 35 days, I still haven't been paid and the email I just received from him stated "Might have some money for you on Monday but can't say for certain." I have already began looking for other jobs but in the meantime I'm in serious trouble. + +Checkings account is at: ($345) +Savings: $0.63 +Credit cards: Maxed at ~$3000 +Pantry: Half a bag of granola topping for yogurt + +Due to a bad check he wrote me a month ago, the bank took back the $1200 my roommates gave me for rent. I am currently selling my clothes, laptop, phone (T-mobile already suspended the account) to make up for that amount. + +I have no foreseeable income except the hope that I see some money from the partner on Monday. My friend offered to bring me a Thanksgiving dinner tomorrow, that might be the only food I see until Monday. + +Any advice would be greatly appreciated. + +----------------------------------------------------------------------------------------------------------------------------------- + +**Edit 1:** I just wanted to let you all know that when I was typing this I was very hungry and scared but after reading all your advice and positive responses I don't feel hungry at all and actually have a gameplan to get out of this. I cried all over my laptop when you guys started offering me pizza and financial assistance. While I cannot accept either I want you to know that it means the world to me and someday I hope I can be as good of a person as you. I wanted to reply on everyone's comment but they have started to grow exponentially. I promise I will be reading each and every one of them even if I cant reply. + +----------------------------------------------------------------------------------------------------------------------------------- +**Edit 2:** A lot of comments have become focused on my title as the Interim CFO. I want to clarify that my work from the start till the remainder of my assignment was nothing similar to what a CFO of even a small company would go through. The current financials and the anticipated cash flows were extremely basic and the recording of them could have been done by someone with Accounting 101 under their belt. I had no intentions to remain the CFO, nor could I have, once the company gained serious traction, and was told from the very start that when that happens I would need to "write my own ticket" within the established firm. Until then my work was entirely focused on securing capital and building/showcasing a strategy that would drive revenues - something I had done for two other startups before and was the reason for my hire. I spent majority of my time compiling, analyzing and building reports and plans which were ultimately going to be used as marketing and governing tools for the organization. Listing me as a Financial Analyst would have created issues when dealing with prospective investors (some that I remained in contact with until last week). + +----------------------------------------------------------------------------------------------------------------------------------- +**Edit 3:** I listed my email to channel any job leads - this seemed to have locked my post. Apologies to Reddit and Mods. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I just received my DRS Advice mail and noticed this underneath *IMPORTANT INFORMATION . . .* + +>***If you do not keep in contact with us or do not have any activity in your account for the time periods specified by state law, your property could become subject to state unclaimed property laws and transferred to the appropriate state.*** + +&#x200B; + +https://preview.redd.it/bqem3rx80mp71.png?width=1386&format=png&auto=webp&s=3391b0ce34b27d42f8d03d6b05ba37dff05fffaf + +MAKE SURE TO CHECK INTO YOUR COMPUTERSHARE ACCOUNT AS OFTEN AS NEEDED AS TO YOUR STATE AND COUNTRY LAW. + +You wouldn't want Mayo Man to come snatch up your beautiful shares 🚀 + +Edit 1: Added "and Country" + +Edit 2: Noticed the post was around 12 likes then got downvoted to 5 likes. 88% Upvote to 62% Upvote ... interesting + +Edit 3: From what I’m seeing from STATE laws for Florida, New York and California is this is in regards to a few years out before property is claimed “abandoned”. + +I’ll be reaching out to CS to confirm if this is for cash such as dividends, deceased holders, or shares in general. + +If any of y’all happen to get an answer from CS regarding this before I get a chance please tag me :) 🚀❤️ + +Edit 4: added “property is” in edit 3, + +Edit 5: Woah, didn’t expect to see this grow so quickly. Thank you everyone for putting in your 2¢, I will still be asking CS information on this most likely Monday just for solid confirmation for everyone and will tag the respective apes on what I’ve learned. + +Two things apes believe this could mean is one, + +“Escheat, +Escheat is a common law doctrine that transfers the real property of a person who has died without heirs to the Crown or state.” + +And two, left over cash/dividends +I live paycheck to paycheck, as a lot of us in this sub do. My mom knows, she's helped me a lot in the past. + +Next month is my cousin's final dance performance before she goes to college and I was told I needed to be there. Not asked, told. I replied that I can't afford that, because it's a day of overtime pay I'd be missing and there is a bonus in December for working all of your scheduled shifts. I could use the extra few hundred to buy some clothes and shoes, which I desperately need. The performance is a four hour drive away, so now we're talking gas money, also. + +I got yelled at, that I'm selfish. That this is the most important thing in the world and there's no excuse to miss it. I pushed back and my mom said "I don't even know who you are anymore". I'll tell you - I'm POOR. I cannot even afford to take a day off to spend time with family. It's what it is, I didn't choose this miserable existence. These things make me feel like giving up. Permanently. I don't feel like I'm a bad person but I guess I'm wrong. + +Edit: I did not expect this support. Thank you all. I'm feeling better about this, now. +When online shopping, I would spend lots of time hunting for bargains, searching for coupon codes and ShopBack discounts to save a few bucks. + +But when out at a cafe or restaurant, I just order lots of food without considering the cost. + +Does anyone else relate? +I'm 37, no kids, but engaged (getting married next summer) and never owned a home. Put it off while getting a PhD and then getting my feet under me (and saving). But, now I'm ready and our dream home just came on the market. **The problem is that the market's totally nuts, and the dream home is definitely at the top end of what I can afford. The dilemma is that it might be a stretch now, but probably wouldn't be in the near future, and while I know the "prudent" thing to do would be to get a starter home that sticks to the 28% rule, but frankly, I could be dead pretty soon, and I've put off living well for so long that I kinda want to just do it.** + +Here are the stats: I have about as stable a job as one can have and make about $135k gross, and my take-home is about $6500 a month, after deductions, including retirement contributions. I'm due for a promotion probably within the next year that I'll 99% get, and will probably ask for (and get) $150k. I have $100k in retirement and $60k in savings. No debt of any kind (own my car that's a 2018 w/ <30k miles, no CC debt, just paid off student loans). + +My partner also has a very stable job. She made about $180k last year, but will probably earn more like $165k in an average year. She's got about $120k in savings (bc big purchases coming up!), $60k in retirement (younger than me), and takes home about $10k a month after deductions (including retirement), but also gets an occasional & sizable bonus. The difference is the mountain of debt she has from med school, and normally those payments are about $3k a month. But no other debt. + +We'll probably have to offer $860k if we want a reasonable shot at getting this house. Have pre-approval from a mortgage program for medical professionals that lets us put down 7% with no PMI at (today) 3.2% interest. We wanted to avoid putting very much down at this point because we're paying for our own wedding (our families are very poor), so that will probably be $30-40k. The taxes in the town this home is are absolutely nuts ($15k/yr) so that's one huuuge reservation, but it's probably $5-6k more than surrounding towns. Our total housing costs will come out to about $4,900 a month, so basically that amounts to 39% and 35% of our respective take-home incomes. The house was built in 2017 and the disclosures look pristine. It's also seriously beautiful, and in a really desirable area (thus the ridiculous taxes!), so I'm sure it'll appreciate...eventually. + +Anyway, sorry to barrage you with info, but wanted to put it all out there to head off questions about other variables. **But the question is: Are we asking for a disaster for considering going for this?** Will probably try to have some kids in a few years, so maybe that's a consideration, too. Anyway, you're a wonderfully kind person if you've read this far and decide to take a minute to tell me what you think. + +TL;DR: Considering buying a dream house that will end up being 39% of my take-home income, at least for the next year. Am I about to ruin my life? + +**EDIT:** Just wanted to say thank you all **so very much** for sharing your thoughts. This is such a kind, generous community. I'm reading everyone's comments carefully, and every one of them is very thought-provoking, on either side. So again, thank you so much. +Hi, + +We see a big move up this past weeks from a lot of EV companies, some which are preproduction. They offered ridiculously good premium which could attract a lot of theta focused player. I didn't look into all of them, but I just want to urge you all to be careful with these companies. + +Here are some lines from SOLO 10Q in no particular order: + +we have not begun the commercial mass production or sale of our flagship vehicle, the SOLO, and we expect to incur significant ramp-up in costs and expenses through the launch of the vehicle + +**we anticipate that the gross profit generated from the sale of the SOLO will not be sufficient to cover our operating expenses, and our achieving** + +profitability will depend, in part, on our ability to materially reduce the bill of materials and per unit manufacturing cost of our products; and **we do not anticipate that we will be eligible to obtain bank loans, or other forms of debt financing on terms that would be acceptable to us.** + +**We have minimal revenue and expect significant increases in costs and expenses to forestall profits for the foreseeable future, even if we generate revenues in the near term. Even if we are able to successfully launch the SOLO into commercial mass production, and to launch the Tofino or other intended EVs, they might not become commercially successful.** **If we are to ever achieve profitability we must have a successful commercial introduction and acceptance of our vehicles, which may not occur. We expect that our operating losses will increase substantially in 2020 and thereafter, and we also expect to continue to incur operating losses and to experience negative cash flows for the next several years. We have a history of operating losses and we expect our operating losses to accelerate and materially increase for the foreseeable future.** + +**---** + +Honestly they sound horrible. I didn't look into other ones, but I assume they are fairly similar. To add on top SOLO has no product yet, they only produced 60 prototypes total. They expected to produced 75k cars over the next 3 years (about 18.5k + per vehicle). Their vehicle is also rather niche as well :/ + +Could the stock keep going up? Definitely. Can you net amazing premium? Sure. But do keep in mind the risks that you are exposing yourselves with these companies. + +ps. sorry if off topic +Hi, + +We see a big move up this past weeks from a lot of EV companies, some which are preproduction. They offered ridiculously good premium which could attract a lot of theta focused player. I didn't look into all of them, but I just want to urge you all to be careful with these companies. + +Here are some lines from SOLO 10Q in no particular order: + +we have not begun the commercial mass production or sale of our flagship vehicle, the SOLO, and we expect to incur significant ramp-up in costs and expenses through the launch of the vehicle + +**we anticipate that the gross profit generated from the sale of the SOLO will not be sufficient to cover our operating expenses, and our achieving** + +profitability will depend, in part, on our ability to materially reduce the bill of materials and per unit manufacturing cost of our products; and **we do not anticipate that we will be eligible to obtain bank loans, or other forms of debt financing on terms that would be acceptable to us.** + +**We have minimal revenue and expect significant increases in costs and expenses to forestall profits for the foreseeable future, even if we generate revenues in the near term. Even if we are able to successfully launch the SOLO into commercial mass production, and to launch the Tofino or other intended EVs, they might not become commercially successful.** **If we are to ever achieve profitability we must have a successful commercial introduction and acceptance of our vehicles, which may not occur. We expect that our operating losses will increase substantially in 2020 and thereafter, and we also expect to continue to incur operating losses and to experience negative cash flows for the next several years. We have a history of operating losses and we expect our operating losses to accelerate and materially increase for the foreseeable future.** + +**---** + +Honestly they sound horrible. I didn't look into other ones, but I assume they are fairly similar. To add on top SOLO has no product yet, they only produced 60 prototypes total. They expected to produced 75k cars over the next 3 years (about 18.5k + per vehicle). Their vehicle is also rather niche as well :/ + +Could the stock keep going up? Definitely. Can you net amazing premium? Sure. But do keep in mind the risks that you are exposing yourselves with these companies. + +ps. sorry if off topic +I'm loving it. Fundamentally strong company with a healthy dividend. Priced to play, small enough it's easily manipulated though, and we're going into earnings call. +I’ve seen some comments/posts “gatekeeping” saying that the strategies people are doing are too risky or the same risk as WSB but on the other side. + +While putting 100% of your account into credit spreads expiring tomorrow obviously isn’t a good idea, why do people insist on saying it’s not a theta gain strategy and that beating the market using directional plays is too risky? Shouldn’t each person decide their personal risk tolerance and design a strategy with that in mind? + +I want to be clear that I am in no way trying to start anything, but instead have a discussion about strategy and more specifically, people’s individual risk management. +Or they were already. But I think more and more are paying closer attention. All this talk about BB over the weekend. And then suddenly it increases by 33% today on Monday. That is more than 3 billion dollars moved around. There’s no way that’s just Reddit by itself. This is not a coincidence. +I have little experience with statistics, so I was wondering if the data was tailored to the author's ideas. Article here - http://www.forbes.com/sites/adamhartung/2012/10/10/want-a-better-economy-history-says-vote-democrat/ +I can admit that I don't understand 90% of the content on the regular Economist. I got a subscription because I really liked some readers' plugs for it and how it really educated them over the years..great. + +Problem is, it's over my head. Any easier reading suggestions so I can one day understand the real thing? Hopefully in < 2 years? + Pending sales of existing homes of all types in April – contracts on houses, condos, etc., that were signed in April but that haven’t closed yet – collapsed by 33.8% from April last year, after having plunged 16.3% year-over-year in March, with the index plunging to 69, according to the [National Association of Realtors](https://www.nar.realtor/newsroom/pending-home-sales-slump-21-8-in-april). + +Pending sales are an indication of what closed sales will look like a month or two down the road. So this is an indication of the direction that May’s closed sales are heading into. + +We already know how pending sales in March translated into closed sales in April. Pending home sales for March had plunged 16.3% year-over-year. And on May 21, the NAR reported that closed sales in April plunged 17.2%, the [sharpest year-over-year drop since August 2010](https://wolfstreet.com/2020/05/21/median-home-price-does-classic-head-fake-as-home-sales-plunge-and-condo-sales-collapse/), during the Housing Bust. + +Based on this relationship, closed sales of existing homes in May might be down by 30% or more, year-over-year. This will be reported in June. + +The plunge of the pending home sale index differed by region, ranging from a breath-taking collapse of -52.6% in the Northeast to a plunge of “only” -26.0% in the Midwest: + +* Northeast: -52.6% year-over-year to an index level 42.6. +* Midwest: -26.0% year-over-year to an index level of 72.0. +* South: -29.6% year-over-year to an index level of 87.6. +* West: -37.2% year-over-year to an index level of 57.1. + +When sales volume collapses to this extent – no matter what the market is – it changes everything. It represents a market that has essentially frozen, with few buyers and few sellers, and lots of uncertainty. This is what happened in many other markets in the US, including otherwise very liquid markets, such as the wholesale market for used vehicles. + +In May those markets have begun to unfreeze. Market participants have figured out how to deal with the requirements of social distancing. Keeping everyone reasonably safe during a pandemic that has already killed over 100,000 Americans in less than three months is a primary objective. + +In the housing market, this has led to a change in the way business is conducted, including forays into accepting technologies, such as virtual open houses. This technology has been around for long time, but the pandemic pushed it into the foreground – like so many other technologies in so many other industries. And people are finding out that it sort of works. + +But the market is facing ferocious headwinds, including 31 million people now collecting state and federal unemployment insurance. + +More mass layoffs by big companies are announced every day, such as American Airlines’ message to its employees late Wednesday that it would cut its management staff by 30%. Delta came out with plans today to shed staff via early retirements and buyouts, along with Chevron that said it would cut up to 15% of its global workforce of 45,000 people, and Boeing which said it would cut 7,000 workers. Just one days’ worth of work, so to speak. + +These are not restaurant jobs. These are jobs that come with good paychecks and benefits. + +And this constant flow of announcements does two things: It creates uncertainty among potential home buyers that kept their jobs; and it removed potential home buyers from the market that have lost their jobs. This is a gigantic unemployment crisis, interspersed with a tsunami of bankruptcy filings, of even large companies such as Hertz, each accompanied by more layoffs. + +Eventually – next week or next month or whenever – the job losses will end as more workers will return to work, and employment will start to rise, but from abysmally low levels, and even after rising for a while, employment will still be abysmally low – just less abysmally low. + +So the housing market – in terms of sales volume – has two separate things to deal with: + +One, the issues around keeping buyers, sellers, brokers, and others safe. The industry is addressing these issues in multiple ways, and is harnessing technologies to overcome the issues, and there is progress, and more deals are happening. + +Two, the employment crisis that has already taken millions of potential buyers off the market. Even people who return to work after a stint on unemployment cannot instantly turn into homebuyers because it’s hard to get a mortgage, right after having been unemployed. + +So volume will pick up some because the immediate issues of the pandemic are being dealt with successfully by the industry; but volume will not return to normal levels until employment has returned to normal levels – and having lost over 30 million jobs so far, this is just going to take a while. + +source: wolfstreet +*Lots of pictures for you smooth brains and even a guest appearance from* /u/dlauer *himself.* + +After a fcked TWO WEEK LONG ping pong game of "not it" TDA finally issued thousands of split shares *today,* 8/1. This was after repeatedly lying, stonewalling, pushing the blame to ComputerShare, and even trying to change the record date rules. + +Those affected had requested to DRS to CS as early as July 14th, shares weren’t sent until the 19th and finally settled with CS the 21st. TDA denied being responsible for providing the shares post split and made up a buuuuuulshit record date of the 26th to get off the hook. + +# ThErEs No NeEd FoR a MaNaGeR. + +# -TDA + +https://preview.redd.it/ztvp7s1e66f91.png?width=1439&format=png&auto=webp&s=4cbe22a13858ea0d88604bcb7a14c149ebb3a74a + +Shouts to /u/bestbagholder for posting about this 15 days ago. + +[https://www.reddit.com/r/Superstonk/comments/w1fbq6/gme\_record\_date\_is\_725\_gme\_had\_requested\_718\_but/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/w1fbq6/gme_record_date_is_725_gme_had_requested_718_but/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Even before the split TDA tried to say 7/25 is the due bill redemption date which overrides the company record date of 7/18. + +That last message should really blow your mind. Because these are existing shares, the ex dividend date for DUE BILLS (shares purchased 7-19-7/21) doesn't apply. How a broker can be so wrong is criminally impressive. + +https://preview.redd.it/x66fnw1j86f91.jpg?width=1083&format=pjpg&auto=webp&s=3266aa79b47d31f54aefba489694a7363f0185b0 + +When we went to ComputerShare they said this is just plain WRONG and we don't have your fookin' shares call TDA. + +TDA then claimed their internal guys were talking to ComputerShares team trying to help CS get it right because *they* should have the shares. + +# Dave Lauer has entered the chat. + +u/dlauer we love you. Thank you for taking the time and joining the chat. + +&#x200B; + +https://preview.redd.it/mk0dok4g66f91.jpg?width=1170&format=pjpg&auto=webp&s=ef1844918da9efe75055cf4b966a828704d1e410 + +&#x200B; + +# AND WHEN SHARES FINALLY SHOWED UP TODAY, A WHOLE TWO WEEKS OF STONEWALLING LATER, WHAT DID TDA HAVE TO SAY?! + +https://preview.redd.it/2d5scleh66f91.jpg?width=1440&format=pjpg&auto=webp&s=f41c4ebfb546eacc2f9fe5ca28f9caecd2ed607e + +BRUUUUUHHHHH. + +# FOR SOME REASON. + +word. + +and they tried to blame GME. + +**We've been trying to get visibility on this issue for weeks, but** ***something*** **is keeping this info from broadly getting out.** + +https://preview.redd.it/69pb0hs5a6f91.jpg?width=1170&format=pjpg&auto=webp&s=3fc451f850f3b531521a759dcb898209a070ea9a + +[https://www.reddit.com/r/Superstonk/comments/wdkdwi/dave\_lauer\_on\_twitter/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/wdkdwi/dave_lauer_on_twitter/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# IF this happened to you: + +* Request a post-mortem from TDA on what happened +* Download any history of transactions, account balances, and any other actions on your account +* oh, and DRS. + +The only financial advice contained in the post is for TDA to buckle up. + +Relted posts: + +Germany, we see you. They're over here lying too. + +[https://www.reddit.com/r/Superstonk/comments/wdafma/german\_update\_20\_we\_need\_to\_dig\_deeper\_this\_is\_a/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/wdafma/german_update_20_we_need_to_dig_deeper_this_is_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +/u/NigelVanDomik + +[https://www.reddit.com/r/Superstonk/comments/w5beef/ugh\_please\_help\_this\_isnt\_fudyou\_can\_see\_my\_post/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/w5beef/ugh_please_help_this_isnt_fudyou_can_see_my_post/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +/u/bestbagholder + +[https://www.reddit.com/r/GMEOrphans/comments/wb85x4/170\_but\_missing\_my\_dividend\_cs\_and\_broker\_both/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/GMEOrphans/comments/wb85x4/170_but_missing_my_dividend_cs_and_broker_both/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +/u/EIIC + +[https://www.reddit.com/r/Superstonk/comments/wagc3k/tda\_to\_computershare\_between\_the\_18th\_and\_22nd/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/wagc3k/tda_to_computershare_between_the_18th_and_22nd/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +/u/spidey_pug + +[https://www.reddit.com/r/Superstonk/comments/wbcdf5/its\_not\_just\_ibkr\_having\_problems\_td\_ameritrade/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/wbcdf5/its_not_just_ibkr_having_problems_td_ameritrade/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +/u/made_by_martin +[Original Post here](https://www.reddit.com/r/personalfinance/comments/301lwy/170k_in_student_loan_debt_im_not_a_doctor_lawyer/) + +Here's my one year update for ya'll! Please see my original post for budget and loan details. + + +I'm excited to say I'll be making the final payment on the private student loan (Navient) with the highest interest rate TODAY! **I DON'T HAVE THE WORDS TO DESCRIBE MY EXCITEMENT** In fact, I'm so close to crying (happy tears!) while writing this... + + + +The principal amount in 2008 was $7,350.00. At 8.5 interest it ballooned to just under $9000 last year (despite having made payments since 2012). At the recommendation of you fine Redditors, I started the avalanche method to all my private loans last year. This method allowed me to make more than double the minimum payment on the Navient loan. The last three months I've put more than 4x the payment towards it plus my tax refund. Literally--every penny I could! And with the help of my super-super supportive partner, we're paying it off entirely TODAY!!! + + + +Additionally, my partner and I decided to move out of our expensive apartment and move in with SO's parents to REALLY tackle my private student loan debt. Our goal is to pay off the remainder of my private loans in the next two years, which will be roughly $60k. It's a lofty goal, but we're motivated!! We will essentially live off one income and the other income will be applied to the private loans. Our first focus will be the Chase loan at $35k with an 8.25% interest rate. My parents have also offered to help which will hopefully speed up that two years :) + + + +Thank you SO MUCH r/personalfinance for your guidance and support. Despite the amount of debt, I truly feel IN CONTROL. I also think it's important to emphasize that I'm not doing this alone. Without my partner I would not be able to make this much progress. I am very aware that my situation is not the norm and know that many out there are not as lucky. + + + +TLDR: I currently have a little over $160k in private and federal student loan debt. I'm paying off one of my private loans TODAY! And I've developed a new goal to pay off nearly $60k in TWO YEARS. +Update: aight y’all have convinced me that buying a property rn is a terrible idea so I’m not gonna do it dw. Feel free to keep adding replies about why I absolutely cannot do this if you want though. Happy new year, stay hydrated. + +So, I recently inherited 300k, which I've currently got in a term deposit while I figure out what to do with it. + +I live in Sydney and would really like to be able to buy a 2br apartment (around 700 - 800k where I'm looking), but my income is very low. I'm doing a PhD, so I'm currently on a $32,000pa stipend (non-taxed). I also teach undergrad classes, but it can be very hard to predict what my income from that will be in any given semester, teaching adds anywhere from 10 - 15k a year. + +Would any bank be willing to give me a 500k loan? Does having a large deposit influence how much you can borrow? I'm pretty much completely naive (and extremely overwhelmed) to how any of this works as I had never even considered that I would ever be able to buy property until the unexpected inheritance happened. + +Edit: I would rent the 2nd bedroom out to help cover the repayments, I know that it wouldn't be possible on my income alone. +I currently don't have any positions on the flavour of the month stocks (PLTR, NIO, XPEV, etc...), but the amount of money being made by these holdings are just insane. I've been trying to limit myself to only smart and sound investments and not to check my portfolio too much, meanwhile anyone could have chucked money at these stocks in the last two weeks and made a killing. It's just a little demoralizing. +**TL;DR:** I tracked a couple thousand tickers over the course of a couple months and here's a Google Sheet with the data + +**EDIT: Too many people in the sheet are locking it up, so here are some direct links:** + +* [Here's a download link](https://docs.google.com/spreadsheets/d/1NnDo-NPqagm5oriKAxgtF46Duvbf1I45fIeQ2SwrxrU/copy) +* [Here's a View link to the data if you just want to see without downloading your own copy](https://docs.google.com/spreadsheets/d/e/2PACX-1vQP-XmPrtuUtuMYWWDJKnmyBsr-MMZfLn96XrbmhPawSmnOpxDk9H3v2bgCEKHJIripij3KZJd9diBQ/pubhtml#) +* If anyone wants to get into the data of it I'm happy to share the file itself, but I want to limit concurrent access to it since too many people being in the sheet is preventing me from updating + +&#x200B; + +As we've all seen, everyone and their brother has a stock mention scraper these days so I thought I'd start tracking them. I was looking for the ones that would give the clearest idea of a strategy that could be carried into actual trading. So it had to have consistent updates, be reliable information, provide a useful set of measurable metrics, and be easy to copy/paste or import into Google Sheets. + +&#x200B; + +**In the end the two I landed on were:** + +[Unbias Stock](https://unbiastock.com/reddit.php): It provides hard number scores for ticker mentions across multiple platforms + +[Finviz](https://finviz.com/?a=304482240): The screener section allows you to filter a lot of ways, I was interested in the ATH data + +&#x200B; + +**Methodologies:** + +* Every day at market close I get all the ATH data for that day and paste it into the sheet +* Every morning just before market open I enter all the social media ticker information gets entered each morning so I can collect all the info from the full day and night before +* The sheet uses GoogleFinance functions to pull ticker "high" for the day each day. Google is sometimes spotty about updating so you'll see gaps in the data. I go through regularly and paste the values into the spots to lock in the data +* It calculates a lot of things, but the big things are + * What score grouping has the highest rate of profitability? (i.e. Which grouping should I look for when deciding on a stock) + * Which social media is the most profitable? + * What is the max price and % change after the date it was entered into the sheet? (i.e. What kind of limit sell should you set) + * How many days did it take to get to the max price? (i.e. How long should you hold) + +&#x200B; + +**Analysis (Keep in mind that the data is constantly changing and updating):** + +1. The most successful platform is Reddit. Wisdom of the Masses is a real thing +2. Set limits and take profits when they hit, holding too long every platform loses money +3. Stocks with a Reddit score of under 500 become profitable FAR, FAR more often than any other category +4. They hit their max profit on average between 4 - 8 days. After than they all start losing money +5. Average % increase (limit sell) is 15% - 17% + +&#x200B; + +**Other interesting finds:** + +Stocks that have hit an ATH the previous day are profitable the next day 34% of the time and profitable within the next 5 days 56% of the time. If you look at the full table it's a strong, strong strategy for incremental gains. 5% - 23% gains are really consistently feasible + +StockTwits LOOKS very successful when you see their hit rate, but if you look at the score categories you see that they are only successful in stocks with a score greater than 5000. That means that they are just coat tail riding on stocks that everyone else called successful long before. So they're not good at picking stocks, but they ARE good at jumping on the bandwagon as it comes screaming towards them. And it's not a terrible strategy, the average % of profit of that category is 23% + +**Conclusions:** + +Obviously I'm not qualified to give you guys advice, but what I've been using the data to do is: + +1. I find stocks that have a score of under 500 in Unbias Stock and do a little digging. If they haven't popped yet I buy up the ones with the most Reddit mentions. I set a limit sell of 15% on themThis strategy has been working really well for me. I'm hitting the 15% about 75% of the time, and the ones that I don't I sell after 5 days usually somewhere between 1% and 10%. I've only taken a loss twice +2. I have recently started buying stocks at ATH and selling them within the next day or two if they hit 5%. This has been hit or miss so far +3. I started this a month ago in my RH account (it's where my play money is) and compared it to my "responsible" investments in my Fidelity account. They both started at the same amount and as of today my RH account is up 25% and my Fidelity is down 36% (fucking tech man) + +&#x200B; + +Good luck! If anyone has any ideas of how to better parse the data let me know, I'm more than happy to make this better. + I was checking out the forums on Bigger Pockets yesterday and someone was asking about investing $10k. I was reading through the replies and someone stated, "In the Midwest there’s no reason you can’t buy a house free and clear for 10 grand . I just bought one this week for 5500 bucks". + +I couldn't reply back to ask, "You bought a home free and clear for 5500? Details please; sqft, # of bedrooms, etc. " because the admins still haven't updated my profile to include my full name even though i have emailed 4 different times. + +I figured that I would come here and ask if anyone has experience in purchasing properties for $10k or less? What can you typically expect with properties for this low. + +I can't imagine it isn't anything larger than the size of a small apartment and that it comes with nothing, but problems and repairs. +Short backstory, I am a recent premed graduate and know nothing about real estate. Can someone explain CMBS investing and loans to me like I’m 10. What are some things I should study or learn before the interview. Thanks so much +I have created a very basic excel spread sheet for a rental property. I would expect others to do this and if so would you be willing to tell me what is included in your analysis. Or point the people who are new to this in the right direction such as myself? I’m not to worried about the complexity of the math/numbers as long as there are resources I can use to study the methods behind the analysis. Would anyone be willing to either share an excel or which resources to follow for this situation. + +The apps I’ve tried to use for a rental analysis did not seem to hold up well. Mainly because I also like to change my backend assumptions for sensitivity testing and I want to have full control of numbers and assumptions. + I was checking out the forums on Bigger Pockets yesterday and someone was asking about investing $10k. I was reading through the replies and someone stated, "In the Midwest there’s no reason you can’t buy a house free and clear for 10 grand . I just bought one this week for 5500 bucks". + +I couldn't reply back to ask, "You bought a home free and clear for 5500? Details please; sqft, # of bedrooms, etc. " because the admins still haven't updated my profile to include my full name even though i have emailed 4 different times. + +I figured that I would come here and ask if anyone has experience in purchasing properties for $10k or less? What can you typically expect with properties for this low. + +I can't imagine it isn't anything larger than the size of a small apartment and that it comes with nothing, but problems and repairs. +My son has been on disability since birth. Really don't need the money but we need the medical card. He has tons of medical issues. We really can't live with out it. He is literally our multi million dollar baby. We can make more monet than what the state gives us but we are limited to what we can make each month because of the MC. We can't save money or have any assets in our name. We can only have 1 car (paid off) but can have another (as long as it's being financed). My wife and I meal plan and budget tighter than most. We also have another child (healthy). I'm just stuck. Every time I think I can figure out a way to have some kind of extra funds or equity to pay off debt, I run into the unforgiving brick wall that is SSI. ANY ADVICE WOULD BE MUCH APPRECIATED!!!!!! Just struggling parents trying to provide a better life for family. + +Edit: Follow up question. Are there any assets that you can legally have while still dealing with ssi? I looked into life insurance and we can only have a $1,500 face value in it. My wife and I. Combined. Where the H-E-🏒🏒 in the world is that gonna put 2 ppl in the ground??? +I drove by a McDonald's the other day and they had a sign out saying they were hiring $18/h positions. + +(EDIT: McDonald's is just a big name example. Many other entry level jobs are seeing similar wage increases right now. I would not choose to work at McDonald's as my post FI side gig, but I could see myself being a part time crossing guard, lifeguard, bank teller... etc.) + +Higher wages for entry level jobs might make it less stressful pulling the trigger on FIRE. + +On the other hand cost of goods may increase accordingly, decreasing the purchasing power of your FIRE savings. I believe many people point to data that shows increasing minimum wage doesn't cause inflation, but to be honest I've never looked at it closely and even if I did I'm not sure I would be able to analyze correctly. + +To me right now I look at $18/h and think "that could be good side money if I wanted to work part time post FIRE to minimize posibility of failure while also keeping some responsibily/structure/accountability in my life." + +Anyway, just a little opinion piece. Happy Holidays everyone. +Hi - Longtime reader, occasional poster, always on a burner... 44M, $9M net worth, married w one kid (8yo), U.S. resident. FI, not RE. + +The past year or so of border closures and restricted mobility — and the long-term prospect of political instability in the United States—has left my wife and I thinking we should have a backup citizenship in the EU. + +The most straightforward path to this is the Portugal Golden Visa, which we've started the process on. Between various fees and some deadweight loss in taxes, I'd estimate this will "cost" a little over $100K, with some additional risk/potential expense incurred from buying and eventually selling a property in Lisbon (500K Euro investment minimum). + +2 pieces of this I'm looking for sanity checks on from this group: + +1) Plan to minimize financial risk of the purchase by using a cash-out refinance on our primary residence at a relatively low rate (2–3.25% interest, depending on 5, 10, or 30 year fixed). That way, we can avoid taking money out of the market to do this. Plus, depending on the length of the fixed-rate period on the loan, we can ride out a bad real estate market until we're ready to exit the property investment with a small gain or minimal loss. I have zero concern on being able to pay the interest on the refi. We've got cash for 3 years and a liquid broad-market portfolio beyond that. + +2) Do we actually \*need\* a Golden Visa? Of course, no one \*needs\* one... But if I scope the overall risk here at about -$100K-$300K (fees + potential loss on investment), that seems pretty trivial compared to: A) some backstop to US political risk, B) hassle-free-ish ability to retire in the EU and travel extensively before that for long periods, C) lifelong EU citizenship for our kid, D) possibility of low-cost schooling in the EU for our kid, E) ability to live/work with no visa problems in the EU for our kid. + +I'm comfortable there are no \*huge\* downside risks to this financially. But it will be a huge bureaucratic hassle for 5+ years. I can manage such a hassle. But... + +Am I underestimating my ability to simply go live in the EU any time without any of this? With money, and the ability to go buy property any time we might want to move to Europe, maybe this is all bringing a tank to a gunfight? + +Sorry for the wall of text. And yes, I know about ExpatFIRE. Trust this crew first and foremost. + +Hope you all are enjoying your astrophotography and mini-subs! + +TIA +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +To those who quit their job to become full time traders. What goals did you have before you quit your job? Was it a specific size of your portfolio? +Im really thinking about it, I have a shitty back and currently working as a carpenter isn’t doing it much good. +Im 23 years old and don’t really have that much bills. My salary is around $2300/month but could probably survive on half of that. +I’ve saved up around $50k, been trading for a while but Im feeling like working full time really makes me miss out on alot of trades. Alot of times I think I would have made more money from trading than working that day +I'm 22 & made $85k my first year with a full time job. I have 0 expenses but would like to start building my life next year. Have a good amount of money saved up. Should I max out my Roth IRA before Dec 31st? Or what else should I do before the year ends? I'm a W-2 +Let me preface by pointing out that I consider myself very fortunate. My wife and I have no debts and great credit scores. We make just under $200,000 a year before taxes (80% my salary, she just got a degree so hopefully she'll make more eventually). We have saved $50,000 towards a down payment. I'm an orphan and her parents live abroad in a poor country so we will get no help. + +I'm currently paying $2,700 a month for rent, our only major, regular expense since she finished school (we don't own a car). + +With no kids, it seems like we'd be candidates to own a home but if we do 20% down payment, then we could only buy a $250,000 place which isn't going to get you much in DC. And we'd have to fill it with furniture which seems very expensive. I honestly don't understand how people really do it. Can anyone help me figure this out? Thanks. +I'm not savvy when it comes to finances. My current company has a 401k program through Guideline. + +I accepted an offer at a different place that has an ESOP program but I won't qualify for that for the first year. + +How can I ensure my savings keep growing? What do I do with the 401k and how can I seamless blend those savings with the ESOP program (once I qualify for it)? +I'm 23, soon to be 24. I've saved up roughly $25,000 in the past two years, and am considering buying a home. I've been in a relationship with my SO for over 5 years now, and we've now lived together just over 1 year of that. We've talked about the idea of buying a home casually (we rent right now). + +She mentioned our ideas to her mother (a lawyer), who offered to write up a purchase agreement between the two of us, in regards to what happens to the property if one of us dies, we split up, or something else. + +When my SO told me this, I was against the idea. I told her that if I purchased a house, I would want to purchase it in my name only. I care deeply about my SO, but we're not married, and while the idea of marriage has come up, we both don't feel comfortable getting married so young, regardless of how long we've been together. + +She (understandably) was somewhat offended that I wouldn't want to purchase a home in both our names, and her feelings are that she "wouldn't want to pay a mortgage towards a home she doesn't own." Which of course makes sense! But I explained that if I were to buy a home, assuming she would want to live with me, as we do now, that I would charge her a very reasonable rent (no more than half the mortgage payment), along with splitting the bills, as we do now. + +We would be able to move out of our small apartment, and into a private home, with a fenced yard, garage, etc. So in my eyes, she's getting a great deal, as we couldn't feasibly afford the cost of renting an equivalent home right now, and I would charge her no more than half of the mortgage (roughly $300-$400/month). + +While I definitely sympathize with her, in that she doesn't want to pay towards a home she doesn't own, I can't help but feel a little frustrated. She couldn't purchase a home on her own to begin with, so for her, it's a free upgrade. She would be paying the same rent, but would get an awesome home and yard! + +And just for fun, let's say I purchased a home, and she *didn't* want to live with me. I have plenty of friends who would jump on the chance to rent a room in a nice home for a few hundred dollars a month. + +It comes down to the fact that I'm only (almost) 24 years old. While I am committed and happy in our relationship, marriage is a far-and-away concept. I don't mean to be pessimistic about our relationship, but I'm trying to make the best long-term decision for **me** right now. I *do not* want to have deal with divvying up the property if we were to break up. + +I feel terrible, because I know she thinks I'm questioning the strength of our relationship, along with all the other thoughts that would come along with your SO not wanting to purchase a home with you... But I want to protect myself and my investment. And this isn't to say we won't get married later in life, because we just might! But for ***right now***, I don't think it's a good idea to purchase a home together. + +So, should I forgo the idea of purchasing a home until I am committed enough that I would purchase it with my SO? Am I being an asshole for thinking this way? Did you purchase your first home with your SO, or alone? What advise do you have for me (us). + +Thanks for your time and insight! + + +**Edit: Four hours later, and this has generated more replies than I have time to read right now!** Thank you to everyone who provided an opinion or suggestion, it is very appreciated! Many of you made very good points that have made me reconsider certain things. + +I have also shared this thread with my SO! So your thoughts are being read and discussed between both of us! Thanks again. +More specifically, what stock do you hold now that you believe will hold or increase in value long after you're gone? What are the smaller, overlooked companies out there you believe will grow in the future? +Curious to hear what people think will follow as a result of ScoMo releasing the findings after the close of markets on Monday. How will the markets react? How will the opposition take advantage of it? Will the banks take a pounding? +Source: [https://www.afr.com/companies/financial-services/industry-funds-platforms-brace-for-vanguard-disruption-20191105-p537lf](https://www.afr.com/companies/financial-services/industry-funds-platforms-brace-for-vanguard-disruption-20191105-p537lf) + + +Industry funds, platforms brace for Vanguard disruption + +Aleks Vickovich +Reporter +Nov 5, 2019 — 4.28pm + +Vanguard Investments’ slated re-entry into the retail superannuation market could stem the record inflows to industry and self-managed funds and pose a competitive threat to investment platforms and brokerages. +The Australian Financial Review reported on Monday that the Philadelphia-based exchange-traded fund pioneer – which has been described as the “Amazon of financial services” – has plans to launch a retail superannuation fund alongside a revamped version of its Personal Investor portal. + +A Vanguard super fund would pose a competitive threat to under-performing, over-charging funds, says Stockspot's Chris Brycki. + +Vanguard previously launched a retail fund shortly after entering the Australian market, but transferred the management of it to National Australia Bank's MLC wealth business in 2012. +Its prospects of success in superannuation are being seen as much higher in the post-Hayne environment, as the retail funds experience record outflows. The revelation that it may re-enter the market sparked concern among incumbent industry participants who have observed Vanguard’s $8.3 trillion growth in the US, and was warmly welcomed by retail investors on social media platforms. +Chris Brycki, a former UBS portfolio manager and the founder of automated investment adviser Stockspot, said an expansion of Vanguard’s offering in Australia could dramatically alter the competitive dynamics of the market. + +Both a customer of Vanguard’s ETFs and competitor to its Personal Investor portal, Mr Brycki said incumbent superannuation funds had the most to lose, including industry superannuation funds, which have experienced $30 billion in inflows following the Hayne royal commission. + +“They have such a strong story to take to the regulated super market,” he said. “They have 40 or 50 years of track record of proof that indexing does phenomenally better than any other kind of investment management. Vanguard products are consistently in the top 25 per cent across every category across every time period.” + +Vanguard Australia's Frank Kolimago confirmed it wants to get into superannuation. + +Vanguard plans to tackle locals in super +Vanguard’s entry would put pressure on fees and attract customers who may be considering switching from a retail to an industry fund, Mr Brycki said. Funds such as Hostplus and Sunsuper, which offer so-called indexed options, would be particularly at risk. + +“These indexed super options are very opaque and, compared to Vanguard funds, they have under-performed,” said Mr Brycki, who tracks super fund fees and performance for Stockspot’s annual Fat Cat Funds research. + +“They won’t say which indices they’re tracking, who is managing the money or what the process is. I have questions about how well run these so-called indexed super options are, and that’s where Vanguard will have a really strong message.” + +Vertically integrated +In addition to APRA-regulated superannuation funds, Mr Brycki suggested that the enhanced Personal Investor portal – which would offer direct shares on the ASX-S&P 300 index as well as access to Vanguard’s managed funds – would disrupt the margins of retail investor-facing platforms like CommSec and Nabtrade, as well as financial adviser-facing platforms such as Netwealth and Hub24, and stockbroking firms. + +By giving retail investors direct access to ETFs and direct equities, Vanguard’s offer would allow it to cut out the management or administration fees these providers are reliant on. +Netwealth managing director Matt Heine, who runs a retail superannuation fund as well as an investment platform, said he would welcome the competition. + +“Vanguard has been expected to expand its offering in Australia for some time. It was only a matter of time,” he said. “Competition is good, especially in the super space. But this is more of a problem for industry funds than for us since we offer access to a wide range of managed funds via our platform.” + +To that extent, Vanguard’s offer could be described as “vertically integrated” due to the likelihood that its platform would only provide access to in-house funds, Mr Heine said – a key criticism of large bank-owned wealth managers by the Hayne royal commission. + +Independent financial adviser Tim Mackay, a self-described fan of ETFs who often allocates client funds to Vanguard products as well as its competitors, shared the concern around the focus on in-house fund distribution. +“This is a good development for consumers because it will drive down prices in the superannuation market,” Mr Mackay said. “But I’m a believer in diversification and don’t believe investors should be putting their eggs in one basket or using just one provider. +"I’d like to think they would be provide access to Blackrock or BetaShares ETFs as well, although I would question whether they would.” +Being steered via technology to the in-house products of the parent company is “the old ways” of financial services, rather than a positive innovation, Mr Mackay said. + + +‘Eager not to annoy’ +A Vanguard-branded superannuation fund could also become an attractive alternative to self-managed superannuation funds, all of the observers canvassed said. + +This presents a potential challenge for Vanguard given SMSF trustees and their advisers are the target audience for its core ETFs and managed funds. Vanguard head of corporate affairs Robin Bowerman was appointed chairman of the SMSF Association lobby group in October. +“Vanguard will be eager not to annoy its existing distribution,” said Mr Brycki. +“A lot of financial advisers out there recommending Vanguard products may feel intimidated if they are also trying to acquire retail customers [and SMSF trustees].” +Vanguard may also face hurdles in attempting to adapt its Personal Investor platform, which is popular in the US, to the complex Australian regulatory framework. +“The regulatory regime between the US and Australia is clearly different and will have an impact on the implementation and approach,” said Morningstar Australasia managing director Jamie Wickham. +“Launching direct to consumer investment solutions is challenging. You need brand, distribution and scale in the context of jumping over the biggest hurdle: the cost of customer acquisition.” +The SMSF sector is the largest segment of the superannuation system, but is expected to be overtaken by industry funds by the end of 2023. +Hi everyone. I’m 21 and trying to start investing in index funds, ETFs in particular. The problem is that I am living in Ireland, where broker fees are high and ETFs are taxed differently. I’m looking for advice from someone in a similar situation. My question comes in a few parts. Firstly, is Degiro a good choice for long term investing in ETFs? Secondly, is it worth investing in ETFs considering the higher tax? If not, have you an ideas for what I could invest in instead(not individual stocks)? I’ve attached an article describing the tax situation in Ireland. Thanks in advance! + +https://www.irishtimes.com/business/personal-finance/don-t-invest-in-an-etf-until-you-understand-the-tax-1.3421331?mode=amp +I have recently bought my own appartment - debt js almost already cleared up(Have 50k left only - should be paid in the next 5 years) + +I have set aside 10k to furnish the place + +And then I have 5K left to my name. + +Im saving around 80% of my paycheck per month - but once I actually move out it will drop to around 40% I am hoping to save up another 5k before that happens + +So entering a new house with 10k to my name - what should be my next step? + +Note: My income is around 15-20k per year. + +I had a lot of bonds and fixed bank investments to my name, but I liquidated everything slowly to buy the place. Id like to get back into safe investing for some passive income(I had 6% around 8 years ago but I know thats not possible now) + +I am severely out of date/out of touch - What are the safest options right now for low budget investing? Should I even invest at all? Should I just keep saving? + +Edit: Thank you very much for the response! I will look into ETFs, Indexes and will prob use CCTrader or invest with CC instead of trading. +So I'm thinking of beginning in investing, more than likely going for long term ETFs. I've seen in a few posts though that this isnt overly viable as the tax rate is so high here. Just wondering what some people with experience in this think. + +I have 1k at the moment to begin. +Hi guys, need some help here. Not sure if this has been discussed before/recently, so apologies for repetition if it has. + +I (36yo Spanish citizen) lived in the UK for some 9 years or so, of which I worked and earned a pension for some seven of those years through a private plan set up by my company. + +I moved to Denmark a couple of years ago but never really sorted out my UK pension. I don't plan to live in the UK in the future, and with all the Brexit hoo-ha, I was thinking it's probably smart to take that money out of the UK. Also to just have it in the country that I plan to live in indefinitely. + +So my question is: what has been your experience in transferring your pension to a EU country? Is it worth it, what were the challenges, was it easy to do, etc? + +If there is anyone out there with Denmark-specific experience of this, it would even be more helpful! + +Separate (and more personal): should I transfer it or should I just leave it in the UK and deal with it later? + +Thanks in advance! +We all know that the US dividend will be deducted 15% as WHT before distributing to investor. But what if I am buying a accumulating ETF which dividend will get reinvested. Will it still subject to the 15% WHT before they get reinvested? + +How can a check a statement of dividend and how much they get reinvested? +Hi, I am 18(M) from Bulgaria and I want to invest in the stock market. I have around 500 euro, which I am willing to spare. I have the same amount saved up for emergencies. Is 500 euro a good sum for a beginner? And if so, in which platform should I invest? +From what I read in this community as well as the Rational Reminder community, there's interest about a worldwide small cap value ETF for EU investors. + + +Currently these two are available but they are region specific: + +1. SPDR MSCI USA Small Cap Value Weighted UCITS ETF (IE00BSPLC413) +2. SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (IE00BSPLC298) + +MSCI also has a world small cap value index available that also includes emerging markets: ***MSCI ACWI Small Cap Value Weighted Index*** + +\------------ + +I have created a petition for SPDR to create a new ETF that tracks the index above. If enough of us vote maybe we can convince them to create it. :) + +&#x200B; + +[Here's the petition.](https://secure.avaaz.org/community_petitions/en/spdr_create_msci_world_small_cap_value_weighted_etf/) +Based in Spain, 23a, I have two jobs, one makes me 700 euro; second makes me 320. + +My Expenses are 750-850. 1500 emergency fund build up. Have been using YNAB for 3 years, I think I am good at budgeting. + +Took the second one a few months ago and it has been great financially since I have been able to pay for little things like some clothes that I hadn't bought in a while or not be so stressed about money. + +The reason I wanna quit is because I am super tired, some days I work both jobs and work like 10.30h + commute of 2h - so I don't have time to exercise or myself, which is making me burnout quit a bit. + +What is holding me back is not having a back up plan or not being able to live more comfortably. I am already quite frugal, but don't wanna go back to frugal frugal like I was before. + +EDIT - More context: +Long-term I do know that I either have to move or so some high-level focus on applying for better jobs, but here's the thing: I finished college 10 months ago and I was quite burnout of all the process, working and studying at the same time. So I thought I needed some "me time" before going to the jungle of finding a good job and grinding all my way. + +So my plan was to find a job + have some time for me and side projects that I had been neglecting for a long time. Problem is that I have less time than I thought even though money aspect has improved, and this in turn has improved my life. + +Thanks! +I am currently resident in Sweden but, during 2021, I may or may not move to Austria depending on multiple factors. Does it make sense for me to start investing or should I wait? My idea was to invest in ETFs so not exactly short-term friendly. + +Also, is there some platform that you recommend for starting this out? Thanks guys! +Hey, + +I'm not a regular poster here, although I follow the chatter from the sidelines. + +Long story short, I just received an email by Degiro starting that after an internal deliberation, they will be closing my account. Reason started was due to my tax residency. I've had my account for around 5 years. + +I can understand that they can do this, but it seems discriminatory. That said, it is not totally their fault. + +Looking at options, I'd rather move to a separate broker before they close my account. I have a month before that happens, and pretty sure it is a very tight time frame. + +I was wondering whether anyone here had the same experience and what brokers were helpful to switch. + +I am trying to reach IBKR to see if I can move over my positions. That said, I'm open to recommendations. +Hi everyone. I’m 21 and trying to start investing in index funds, ETFs in particular. The problem is that I am living in Ireland, where broker fees are high and ETFs are taxed differently. I’m looking for advice from someone in a similar situation. My question comes in a few parts. Firstly, is Degiro a good choice for long term investing in ETFs? Secondly, is it worth investing in ETFs considering the higher tax? If not, have you an ideas for what I could invest in instead(not individual stocks)? I’ve attached an article describing the tax situation in Ireland. Thanks in advance! + +https://www.irishtimes.com/business/personal-finance/don-t-invest-in-an-etf-until-you-understand-the-tax-1.3421331?mode=amp +Any recommendations for a budgeting app that tracks and categorizes your expenditures (preferably from multiple bank accounts)? + +I used to do it on excel by downloading CSVs on a (bi)monthly basis from my different accounts, categorise each expenditure and prepare my personal P&L / BS, but the whole process takes too much time (and is boring AF) and sometimes I’d just skip it.. +And yet we should be. If you believe in ETH then 2k is a GOOD DEAL. We've already proven we're worth 4k per ETH. So if you regretted not buying more before, then **NOW IS THE CHANCE** to fix that. +[BitFlyer](https://bitflyer.jp/en/?top_link) in Japan is a major part of the fiat BTC trade but it does not have a [ETH/JPY pair](https://coinmarketcap.com/exchanges/bitflyer/). JPY represents [67% (was 52% 2 weeks ago)](https://www.cryptocompare.com/coins/btc/analysis/USD) of the total BTC volume by currency. + +If you are in Japan, know people using BitFlyer, or trade on BitFlyer and want to help increase the value of ETH then you should consider lobbying BitFlyer to introduce a ETH/JPY pair by direct contact or via [twitter] (https://twitter.com/bitFlyer) and [Facebook](https://www.facebook.com/bitflyer/). + +The BitFlyer website states that they will be coming to the US in Fall 2017. Gentlemen in the US you know what to do. + +A sustained tweet campaign from EthTraders to BitFlyer would help raise awareness of ETH to users of BitFlyer and might help bring about change. Example tweets (better if in Japanese): +"When will BitFlyer introduce a ETH/JPY trading pair like Coincheck?" +"I would use BitFlyer in the US if there were ETH/JPY and ETH/USD trading pairs". +"Quoinex, Neraex, xBTCe have a ETH/JPY pair why doesn't BitFlyer?" + +**tl;dr** The exchange BitFlyer has the major BTC/JPY and BTC/fiat trade and a BitFlyer ETH/JPY pair will help boost the second leg of the flippening. Those who have been here a long time know that there is always an increase in ETH price when a ETH/fiat pair is introduced by a major exchange. Ask not what ETHereum can do for you, ask what you can do for ETHereum. + +Andreas has a talk called "The Lion and the Shark". The idea is that both ETH and BTC are apex species, but they live in different worlds and don't compete with each other. + +I like Andreas and I understand that he's trying to appeal to two audiences that see things differently. Good for him. But... + +I disagree with Andreas' analogy. ETH and BTC are *directly* in competition. + +Investors choose between them. Developers choose between them. Users choose between them. + +ETH has a long list of advantages. BTC has one advantage, which is slipping away. +Put on your tin foil hats apes and come with me for a swim in the figure-8 pool. + +You remember this tweet from 10/10 just 10 days ago, yes? + +https://preview.redd.it/snwwq8fm5ou71.png?width=592&format=png&auto=webp&s=9b9c9e98ddfe897c896cebbd5d47d9b44c59d571 + +Well, a few apes have noticed Florida might also mean Flo Rida, a rapper. From Florida. ([Wikipedia](https://en.wikipedia.org/wiki/Flo_Rida)) + +Just yesterday, we saw some interesting tweets from this guy who's a bit into GameStop's NFT: + +[GameStop. NFT. Nice.](https://preview.redd.it/ge6tcw8b6ou71.png?width=587&format=png&auto=webp&s=8b550f4b83f79ddb76b64f9c4993cc524c65b659) + +Ryan Kagy tweeted twice yesterday (Oct. 19). The first tweet this GAMESTOP one (yay!) with purple people emojis in positions 7, 4 and 1. + +https://preview.redd.it/g4bjvqfo6ou71.png?width=587&format=png&auto=webp&s=53269f3c01d07cd4acdb10eb61c8ffb6ed3998a3 + +Ryan Kagy's second tweet yesterday is a Flo Rida song "Game Time" ([YouTube](https://www.youtube.com/watch?v=TgW2uRpwipU)). + +https://preview.redd.it/hk4lgalt6ou71.png?width=583&format=png&auto=webp&s=0056589fd8343e5f68b81c9ecab50d1cd843d508 + +Check out these GameTime lyrics ([genius.com](https://genius.com/Flo-rida-game-time-lyrics) or just google "Game Time lyrics"): + +* First line: It's about to go down in a minute +* Last line: It's game time + +Back to RC's Florida post, you also got the ☀️👍. Florida. Sunshine. Good. Summer? Flo Rida has got a new song released this year titled "Summer's Not Ready" ([YouTube](https://www.youtube.com/watch?v=Zq4qjO5SENU)) released June 29, 2021. (Didn't some new rules go into effect around this time?) + +Guess what we missed this summer? The NFT announcement. It's cool, I get it. Building something brick by brick takes time. Delays happen when you're building things. So, we missed the NFT this summer on Bastille Day and Moon Jam. The NFT was ***not ready***. Get it? + +Check out these lyrics from Summer's Not Ready ([genius.com](https://genius.com/Flo-rida-summers-not-ready-lyrics) or just google "Summer's Not Ready Flo Rida lyrics"). + +* Are you ready for the summer? +'Cause **summer's not ready for me** +* Uh, **game stopped**, it was ready for me *(VERSE 1!)* +**Stock going up** heavy on me +**No stress** on me +* I think you're **ready for the main event** (Yeah) *(VERSE 2!)* +Come and get it, baby, **play to win** (Play to win) +Spread it for me, don't get spread too thin (Yeah) + +I might be nuts or this might be a simulation. I'm **ready for the main event**. Let's **play to win**. + +🚀🌝 +I’ve read a bunch of the old posts on public vs private schools and I wanted to get others thoughts on a specific point between the two. + +A few colleagues and I were talking about the ‘value’ of an elite private high school. For reference, we all live in a HCOL area with phenomenal public schools so it’s not a question of getting the best education. However, their argument was that I’m paying for the connections / bonds my kids (and maybe me with other parents) will make throughout their school years. One of the guys (my employee) went to an elite private HS and then a prestigious private college. The other two have kids my age, and both said they plan on sending their kids to elite private schools. + +As a background, I went to a small ruralish HS with barely overly 100 kids per grade. It’s wasn’t a very good school with only a handful going to the top state school caliber school. I feel while I worked hard to get her I am, I was extremely lucky to meet a current partner. Without meeting him, I guess I wouldn’t be nearly where I am today without some other kind of luck. I have only a few friends from HS I would consider ever reaching out to business wise. I probably should have networked better in college but I was too busy going out. So I feel I have almost zero people I could reach out to in the business world from high school while my employee has a ton of friends from high school in the same business world. + +The question is… will the $50k a year be worth the ‘extra luck’ for my kids with the connections they might make assuming all else equal (they will work hard and be driven either way)? Or is it better to just give them the equivalent money? A few comments on previous posts touched on this topic so I was curious what others have experienced themselves or through their kids. +I have seen a lot of conflicting advice. It seems like most of the newer advice tends to recommend putting as little down as possible since interest rates are low. They recommend investing that money instead. My question is, if I only put down 10% and then invest the rest of that large down payment, I'm now stuck with a much larger car payment every month and thus can't save near as much money each month. My wife will be needing a new vehicle within a few years as well, plus I don't want our monthly retirement savings to take a hit. What is the best play in this situation? + +Edit: Ok. I get it. My thinking is flawed. Lol. It is going to be tough to overcome the mindset of "always pay cash if possible" that I was raised with, but you all have made great points and it makes sense to put as little down as possible in current market conditions. I haven't decided if I will put the money in a a HYSA, bonds, or a brokerage yet, but I have decided that I will be financing as much as I can at 0%. Comments are coming in faster than I can read them at this point, but I assure you, I will read them all. Thank you for your help! +After reading about the most recent [SEC whistleblower award of $31 Million](https://www.sec.gov/news/press-release/2021-85), one part of the release stood out to me: + +https://preview.redd.it/3sexa9l4rtz61.png?width=1486&format=png&auto=webp&s=ddab7727648bdb179e90662c78ce3421579b6fbf + +&#x200B; + +" The SEC has awarded approximately $873 million to 162 individuals since issuing its first award in 2012 " + +I remembered seeing some fairly large whistleblower awards recently, so I wondered if this year shows any increase over previous years. In this case, you can draw a fairly direct correlation between amount awarded, and the severity of crimes under investigation for any given month/year, due to the fact that the awards are a [percentage of the money collected due to the whistleblowers compliance](https://www.sec.gov/whistleblower): + +&#x200B; + +" The range for awards is between 10% and 30% of the money collected " + +&#x200B; + +So I wanted to see what's been cooking at the SEC since the mini-squeeze in January. It is possible to sort their press releases by year and keyword (whistleblower), and find a complete list of awards this year: + +[https://www.sec.gov/news/pressreleases?aId=&combine=Whistleblower&year=2021&month=All](https://www.sec.gov/news/pressreleases?aId=&combine=Whistleblower&year=2021&month=All) + +&#x200B; + +I have taken the liberty of adding the award amounts for this year, and in a mere 5 months, we have hit **135.2 Million in awards.** This amounts to 15.5% of all awards ever given in 2021 alone. + +Keep in mind that the SEC whistleblower program has been in operation for 117 months (since August 2011), with the first whistleblower award in [August 2012](https://en.wikipedia.org/wiki/SEC_Office_of_the_Whistleblower) (105 months). I know months are a somewhat variable measurement unit, but the generalization still gets the point across. + +From there, I wanted to see what the SEC has been doing over the past year, and was shocked to see that almost **HALF** ($413.7 Million) of all of the amount awarded has been given in the past year. + +Of course there is no way to directly link these awards to GME, but it is an awfully big coincidence that in the same year that hedgie fuckery has been brought to the forefront of ape attention, the SEC has awarded 47% of all it has ever given to whistleblowers. To give a frame of reference, 12 months constitutes roughly 11% of the time the program has been active. 47% of program activity in 11% of program runtime... + +&#x200B; + +https://i.redd.it/dqrrxrdnrtz61.gif + +There has been a change. A dramatic rise this year. Something is coming. + +We all know what. + +I can feel it in my apey bones! +Over the past twelve years I have traded options off and on. Mostly I have traded defined risk positions and option selling strategies. No naked short options. I think I have gone long options / long volatility perhaps twice in all those years. My account size has been about $10,000 or less. Honestly, I am uncomfortable with risk so my trades have been small. + +Some years I have gained $800-$900, other years I've been flat, and this year is my worst year, losing $2,200. I've tried to form opinions on stock and volatility direction through fundamental analysis, technical analysis and just random trade placement, without success. My opinions have generally been wrong. + +This last year I have noticed that my broker has made $726.99 from me this year for commissions and fees. + +"Where are the customer's yachts?" + +One of my worst trades this year was being short $VXX in the midst of some changes they made in the calculation (or something like that). I was assigned shares and experienced a full loss on my spreads. I felt I did not have the deep knowledge of the product or access to information fast enough to prevent this. + +I have ruthlessly studied (and have tried to implement) Dan Sheridan's methods, the TastyTrade approach, Option Pit and various other systems. + +Here are my propositions that I put here for conversation ... and feel free to correct any one of them. I am open to learning, conversation, and having my opinion changed. + +1. Most small retail traders cannot make money specifically in option spread trading. +2. Non-directional spreads (Iron Condors, etc.) in liquid products do not work because the market "tail risk" is fatter than a normal distribution would posit. +3. Because of correlation, trading numerous products to supposedly "spread risk" is futile because correlations across asset classes generally go to 1 on selloffs. +4. Placing more trades to generate more "number of occurrences" is commission intensive. +5. The short term retail trader is at the mercy of noisy market movement created by dealers and other major market participants that they cannot predict. +6. The long term retail trader does not usually have access to the specialized tools, pricy platforms, or deep knowledge that the professionals have to forecast longer term market trends. I am never going to more about the direction of soybeans than a professional commodities trader or analyst will. Because of this knowledge gap, they will make money consistently. I will not. +7. Technical analysis, candlesticks, price patterns, MACDs and RSIs, etc. do not give an edge to the retail trader (even though they are highly touted on retail trading platforms). Most retail indicators are not statistically significant for the end user. Trend lines and areas of "support" and "resistance" have little predictive value other than being engagement tools for individuals. +8. Short index volatility selling strategies are no longer viable for the retail trader. +9. The broker is the one who consistently makes money in active option trading strategies. +10. I can find no published studies showing retail traders being consistently profitable in option trading, even in the highly touted "option selling" and monthly income generating strategies. + +I love markets, learning about world economics, how financial bubbles burst and how money moves. I have tried to capitalize on that love by trading options for over a decade. I'm not sure I will ever be able to make money at it. Perhaps I should read books about fantastic traders and listen to podcast interviews of professionals and simply dollar cost average my money each month into the S&P 500. At least with strategy I have made money over the last 25 years and have not paid a broker outrageous sums in commissions. + +Am I wrong? Anybody else run into these same issues? + +TLDR: I think I'm done trading options. I don't think there is a consistent edge for small retail traders. The brokers are the ones who really make money consistently. I love markets and should stick to books and podcasts about trading, rather than trading myself. I'm open to my opinion being changed. + +UPDATE: Thank you for all the responses, advice, commiseration, corrections and, of course, the gentle (and much needed) ass kicking. I have decided to continue options trading, but to just keep it small, enjoy the trading journey, the mental stimulation of market analysis, and the privilege of being a small player in these global markets. I love my day job, so trading is a hobby for me and I'm now OK with it being just that. Thanks, again, to this sub and the mods. I will read all the responses but I probably won't be able to respond to them all. But I appreciate the time everyone has taken / is taking to respond. +We are at a point where almost every comment is pessimistic about stocks. The sentiment of the comments has not only not changed since March 23, it has actually gotten worse. + +That makes no sense. Things happened since then. The passage of a $2 trillion relief bill. The significant advancements in testing and vaccines. The unlimited QE/liquidity promised by the Fed. No these things aren't without consequences, but you can't just say inflation is going to get out of control when you have no idea what you're talking about. + +Regardless of whether you think those things will fix the whole virus problem (I don't either), you still have to admit the expectation of market value should be higher than it was before those things happened. + +You guys aren't all smarter than the market. In fact, given that market makers are primarily institutional with access to petaflops of computing power and enormous datasets larger than the entire amount of text you've consumed in your life, you should probably accept that the majority of people on this sub are much dumber than the market. No, the market is not perfect. It's slow to react to information. But you don't have information the market has been slow to react to. Not right now. + +If you have this percentage of people on one online forum agreeing on something, and the market disagrees, the people on the forum are wrong. Forums with upvote/downvote systems discourage disagreement. Markets discourage (financially disincentivize) being wrong. + +If you're betting on stocks going back toward the lows of March 23, you're betting against unlimited Fed action, 3-4 months of GDP support from Congress/Treasury, and the progress of some of the greatest drug companies in the history of man. +the price has more than tripled over the last 2 weeks. + + ICO is not even half way through, so there is absolutely no logical explanation for this rise. + + + +People suggested that they rebuy their own ICO to pump the price and this seems to be more and more the case. +It seems to be axiom that high IV is attractive for options sellers. I see plenty of posts from users searching for high IV and disregarding mid to low IV tickets. But if a stock is getting more volatile, doesn’t that make placing the strike properly that much harder? Is this simply a risk-reward proposition (higher risk of ending up on the wrong side of the money with a swingy stock for the higher reward of inflated premiums) that you may or not be comfortable with, or is there something else about what IV indicates that I’m missing? +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. +Hello UKPF, hopefully you can help. + +I work for a government owned company in a role I enjoy. The company is employing more people to work in the same role as myself. The job advert is word for word my job description, experience and title...except for £10k more than what me and my current colleagues are earning. + +We’ve all applied (to see what would happen) and have subsequently been rejected. At first, we were told we’d “answered a question incorrectly”. When challenged, HR confirmed it was actually because we are already in this role. + +When I queried why I wasn’t receiving equal pay for equal work, HR acknowledged that there are some pay disparities company wide that they are looking into, “but there is no timescale to resolve this”. + +I feel undervalued and frustrated. Do you have any advice outside of continuing to escalate with HR? Many thanks for reading. +Alphabet reported earnings after the bell. Here are the results. + +Earnings per share (EPS): $1.21 vs $1.28 expected, according to Refinitiv +Revenue: $69.69 billion vs $69.9 billion expected, according to Refinitiv +Wall Street is also watching other key numbers in the Alphabet report: + +YouTube advertising revenue: $7.52 billion expected, according to StreetAccount +Google Cloud revenue: $6.41 billion expected, according to StreetAccount +Traffic acquisition costs (TAC): $12.41 billion expected, according to StreetAccount +Alphabet is expected to report a slowing of revenue growth to 13% from 62% a year earlier, when the company was pulling out of the pandemic and the economy was flourishing. + +Recently, analysts have lowered their estimates for second-quarter earnings to account for broad economic challenges now facing advertisers. + +Google said last month it will slow the pace of hiring and investments through 2023, and CEO Sundar Pichai told employees in a memo, “we’re not immune to economic headwinds.” + +“We need to be more entrepreneurial working with greater urgency, sharper focus, and more hunger than we’ve shown on sunnier days,” Pichai wrote. + +Also during the quarter, Google said it would be raising pay and overhauling its performance evaluation system for full-time employees as the company tries to ease tension between employees and leadership. + +Alphabet finance chief Ruth Porat warned Wall Street in April that the company may be in for another rough quarter after missing analysts expectations on the top and bottom lines for the first period. She cited the Russia-Ukraine war, tough comparisons from the prior year’s growth and competition from rivals like TikTok. + +Snap soured the mood for ad-tech last week, when the social media company reported disappointing results on the top and bottom line and said “forward-looking visibility remains incredibly challenging.” The stock plunged 39% and pulled down other ad-tech stocks. Facebook parent Meta, which is set to report results on Wednesday, dropped more than 7%. + +There’s also potential regulatory action from lawmakers related to Google’s dominant search business. The Wall Street Journal recently reported that a new antitrust lawsuit over Google’s ad-tech business could come as soon as this summer. And Google faces lawsuits from coalitions of state attorneys general tied to concerns around privacy and monopoly control. +Not even two weeks after launch, $HOGL has successfully consolidated its position on the market while working in parallell to branch out to new strengths, and with at least one CEX listing imminent (with more to follow?), I'd like to share this low m-cap gem, which aims to transform its inital success into the biggest deflationary token with minimal fees on the BSC network. Expanding on the use-case part of the token, one thing that particularly has caught my eye is a community prides itself on being extremely positive, transparent, goal-oriented while keeping the tone light. + +But why should we care about a "shitcoin"? Well, with BTC dominance slowly sailing towards the opening of the alt season for real, leveraging investments in more established or interesting use-case low mcap projects by spreading your portfolio into the still on-going craze for meme/shit/community coins for fun and profit has become all the more interesting (courtesy of highly successful platforms such as dxsale being able to offer higher level of trusts). For me, a big part of HOGLin is a part of my long-term plans for expanding my longer-term investments in mainnet moonshot tokens like Radix DLT and Everest ID. + +A project not even two weeks old, $HOGL caught the eyes of CMC and Coingecko within only a few days. A deal was struck with Whitebit, made public not long ago, and you can log in for yourselves to see that integration is on-going. This is unheard of, but with a hard-working team even the impossible seems like a brisk walk up mt Snowdon on a sunny day (in the company of friends) rather than a steep and lonely climb up a weathered Everest - with rumours of talks with at least two other exchanges abound, one of them a top 20 one. Sure, Safemoon is bound to be the first BSC coin to be listed on Whitebit, but given that they had a two week head start, this presents a good opportunity for those who were initially skeptical of the possibility of integrating deflationary tokenomics on exchanges such as these. The volume it is expected to bring will be interesting, to say the least. + +After a period of consolidating after a few pre-sale whales got out (and a BNB boom on-going) $HOGL has been trending as #1 on CoinMarketCap during the weekend, with a lot of exposure lately on YouTube, Twitter and TikTok. (Check bscscan for yourselves and you'll see a very healthy spread of ownership, making the token robust ahead of listings in terms of whale dumps in the future - [https://bscscan.com/address/0x182c763a4b2fbd18c9b5f2d18102a0ddd9d5df26](https://bscscan.com/address/0x182c763a4b2fbd18c9b5f2d18102a0ddd9d5df26) ) + +As mentioned, the team behind the token have been very active and open, with a diverse roadmap including a browser game (featuring the Dacia dream charcteristically prominent in the $HOGL identity - they've even held a raffle where you can win a real one! - [https://twitter.com/HogLfinance/status/1377627909255483403](https://twitter.com/HogLfinance/status/1377627909255483403) ). One thing that has been on the backburner (it seems to me at least) is an initial interest to use the tokenomics built in to specifically help people do charity for mental health and mental health awareness especially, which really speaks to me. + +Liquidity is locked and no investor holds more than 0.3% of supply. Of course, do your own research, and why not take a little visit to the discord or Telegram groups if you have any additional questions! + +[https://discord.gg/njuEbmYs](https://discord.gg/njuEbmYs) // [https://t.me/HOGLfinance](https://t.me/HOGLfinance) + +New website: [hogl.finance](https://hogl.finance/) + +LP locked: [https://bscscan.com/token/0x182c763a4b2fbd18c9b5f2d18102a0ddd9d5df26?a=0x2d045410f002a95efcee67759a92518fa3fce677](https://bscscan.com/token/0x182c763a4b2fbd18c9b5f2d18102a0ddd9d5df26?a=0x2d045410f002a95efcee67759a92518fa3fce677) + +Tokens burnt: [https://bscscan.com/token/0x182c763a4b2fbd18c9b5f2d18102a0ddd9d5df26?a=0x0000000000000000000000000000000000000001](https://bscscan.com/token/0x182c763a4b2fbd18c9b5f2d18102a0ddd9d5df26?a=0x0000000000000000000000000000000000000001) + +[https://coinmarketcap.com/currencies/hogl-finance/](https://coinmarketcap.com/currencies/hogl-finance/) + +[https://www.coingecko.com/sv/coins/hogl-finance](https://www.coingecko.com/sv/coins/hogl-finance) +Employers on the scheme will have to start making payments even if they remain closed, report says + +[https://www.thetimes.co.uk/article/firms-must-start-paying-quarter-of-staff-wages-29lffbmk3](https://www.thetimes.co.uk/article/firms-must-start-paying-quarter-of-staff-wages-29lffbmk3) +This sub seems to have slipped into the r/wallstreetbets level of stupidity and I couldnt be happier. A year ago this sub was used to lure people into pump and dump schemes about 90% of the time with fake DD and upcoming merger announcements. Dont get me wront it still is that but now its a community of suckers that come to discuss how stupid we all are. + +Just remember that any research you dont do yourself on this sub is crap. Always will be. Penny's are a gamble and the house (rich people) will always get your cut. But you MIGHT be able to get a little edge up if your smart, just dont lose your shirt on something to good to be true. + +Edit: dont $BAN please +https://www.cnbc.com/2019/07/23/ford-smacks-back-at-tesla-with-new-ev-pickup-claim.html + +Ford released a video of an all-electric F-150 pickup prototype truck towing 1.25 million pounds of double-decker rail cars carrying 42 F-150 pickups. + +The weight in the video is roughly four times more than the 300,000 pounds Tesla CEO Elon Musk tweeted Tesla’s pickup would be capable of towing. + +Ford’s all-electric pickup is still expected to be years away, however buzz around EV pickups has increased as non-traditional automakers such as Tesla and Amazon-backed Rivian prepare to enter the segment. +http://imgur.com/a/yUK2h + +I'm down to under $5k on my student loans at 3.5% interest after staring above $57k (and with interest rates up to 8.5%) in 2013. The last few months I've been catching up on maxing my Roth IRA and HSA accounts for 2016/2017. Now I'll finally start saving for a home down-payment! I live in San Diego, CA, so that's why the numbers might seem astronomically high. My SO will hopefully have a 2nd marker color, and will start adding to the motivational chart as soon as he finishes up his emergency fund. + +I don't know why, but getting to color in my progress just makes me feel better :). + +EDIT: Just for reference, my salary since starting my full time job in 2014 has only been between $40-$56k/year before taxes, and much of that comes from 2nd jobs/freelance work. + +**EDIT 2:** RIP my inbox. Thought you guys might like to see these things as well, for all of those that have been asking questions: + +**I have an obsession with google docs. Feel free to save copies to your own google drive and mess with the numbers to fit your situation!** + +* [Current monthly budget](https://docs.google.com/spreadsheets/d/1vrlZOhEzp8bo0OEu1XQqYzlSCaDGH2EPfeGwSeGAjTg/edit?usp=sharing) + +* [Home Calcs](https://docs.google.com/spreadsheets/d/18d7ai9QxX8CKPmy0IUvyz2oSb_qMb6fxXhoJTevsf24/edit?usp=sharing) + +* [End of year progress chart](https://docs.google.com/spreadsheets/d/1o5KDn_PtUL61K3dyb-kXNMu1MU4zJreH8ojdzKzhgWI/edit?usp=sharing) + +* [Misc. Income Tracker] (https://docs.google.com/spreadsheets/d/1PqunwYf_8kNYUpwCf4z5uoblMza3EchyLYbHmdfFPyo/edit?usp=sharing) + +* [Closeup of colored student loan chart](http://imgur.com/a/MFYpw) + +* [Link to my home motivational chart](https://www.dropbox.com/sh/ycqj1vwxpm6pmm2/AADYzgcfv1Xpwv8ujKhGLAaUa?dl=0) + +* [Link to student loan motivational chart](http://imgur.com/iJYFe8n) + +P.S. - I am a female. I realize my reddit name is misleading. + +This is more of a rant I guess: + +I was thinking about the Help to Buy loan equity and Shared Ownership schemes, and how they only apply to new build properties. + +Surely this means the price of new build homes is too high if first time buyers need financial help to buy it. This is almost like artificial inflation of price, because the underlying people buying it can’t actually afford it. + +Plus, if the first person who buys the house/flat had help to do it, like getting the loan, doesn’t that mean it will be hard to sell for the same price or more, because the next person wouldn’t get the same help because it’s not a new build anymore. + +I just feel like these schemes are only benefiting the house builders so they can charge more for their cheap quality new build, and it doesn’t address the root of the problem. + +What do others think? Am I missing something obvious? +Based on last year's algorithms, we would have gotten back $1200, but we owe money instead. I cried after I finished my taxes for like an hour. I don't know what to do now. It's been many, many years since my last not-a-family-obligation vacation and now I have to postpone again. + +Edit: Because some people have been asking, my full time job did not withhold any taxes in 2017 at all, and just started withholding them for my husband and I in 2018 (he works part time at my full time job) so my paychecks were smaller in 2018 than 2017, of course. I was just disappointed overall and thought some people would like to commiserate. + +Edit: I only owe $90, but since I was expecting money back, I was sad. I was really hoping for a vacation, that's all. I don't really have any paid time at work, so I have to save enough to pay myself for my vacation days. + +Edit again: I'm mostly upset because my tax liability went up after last year without my noticing it would happen. I didn't think it was possible considering how little we make, but there it is. +Look, I get that some of you genuinely tried to transfer to another broker, but that legitimate gambling addiction that you have to the stonk market prevented you from closing out all your positions and letting your trades settle (even though if you did you probably wouldn't have lost 80% by FOMO'ing into weed). + +But by staying in Robinhood, you scream "Oh please daddy Vlad Tenev, please impale my asshole one more time like you did with Geee Emmm eeeEEEEE!!!" + +# Why you should use a real broker and stop using Robinhood: + +**Not being glued to a chart all day** + +How many of you have your eyes glued to a fucking chart all day long because Robinhood is mobile and looks cool? This seriously is not helping any of your positions. You're more likely to dump what might be a solid play too early because you're staring at the ticker and have TP hands and panic when SPY is down 1% for the day. Think about all the times where if you held a position for a little while longer you would've printed. Robinhood looks amazing as an app and keeps your eyes glued to the screen. If the sell button is right in front of you at all times, you're gonna be more likely to dump when you shouldn't. Get a broker with a shitty looking UI so you aren't glued to a chart all day. Trust me, your relationships and work will thank you. + +**Access to penny stocks** + +Ever want to trade OTC penny stocks and make some real bank? It might be a good thing that some people don't have access to them given the inherent risk. But for some unknown reason, RH makes it easy to yolo your whole life savings into 0DTE so penny stocks are pretty safe compared to the options you can trade. + +I wrote a DD on a penny stock on another subreddit and I got DMs about how to buy it on RH. Bruh please stop. Use a real broker. + +**Actual customer support** + +I haven't used Robinhood customer support for anything, but I've heard it's god awful. I'm gonna sound like a shill, but I've been using Schwab for the past six years and the customer support is amazing. + +**Instant transfers** + +Again, gonna sound like I work for Schwab or something (I wish). Schwab and many other big banks allow you to instant transfer from your checking/savings to your brokerage account with no limit. + +**Huge assets under management** + +Vanguard, Fidelity, and Schwab have 6.6, 3.3, and 3.23 trillion AUM. That's a lot of focken money. These brokers had no issues with the clearinghouses and did not limit trading on meme stocks. Gee Em Eeeeee would probably be 2000 if everyone used them. + +**Cool desktop/web apps** + +Wanna look like a cool badass trader to pickup bitches at your local library? Schwab has a FREE trading platform with many cool features like the dark pool block trades. Add fancy crayons and lines to your charts too! Not gonna lie this app probably makes it harder to stop looking at stonks all day thus defeating point number 1. + +[Stolen from google images](https://preview.redd.it/kco97ssy16i61.png?width=1920&format=png&auto=webp&s=ccb7623017890bb5a0ea17d471ea54bec64c0f19) + +**Cons of not using Robinhood**: + +I'm not blind to the pros of Robinhood. + +\- Looks cool + +\- Options are free (Schwab charges $0.65 per option contract) + +\- Easy to use + +&#x200B; + +So please, do yourself a favor and use a real broker :) +Tonight’s report has been built up to be a make or break point for GME. I want to caution my fellow autists from reading too much into this single piece of data. Let’s start with what we know about tonight’s report: + +1) This report is based on self reported data. + +2) The fine for misreporting, if caught, is pennies on the dollar compared to the costs to cover. + +3) The data report covers up until the 29th. + +So what are the possible outcomes: + +1) Data is accurate, HF covered: I believe at this point GME becomes a long play. There is the potential for an acquisition or a turn around/pivot in the business model. The play is buy (DCA) and hold. + +2) Data is accurate, HF did not cover: I believe the play here would be to buy as much as you can. This would push up the price pushing more expiring calls ITM and put further pressure on the HF. We would likely get a significant influx of new investment interest from retail and the squeeze is on. The play is buy and hold. + +3) Data is inaccurate: This is the most likely outcome given the money at stake. If it shows they haven’t covered then there would be no real sense in putting out false data. If it shows they have covered then it becomes a gut call. Personally, the continued bots and media coverage seem to still indicate that something is amiss otherwise why go through all that effort, expense, etc. The play is buy (DCA) and hold. + +In all three scenarios buy and hold seems to be the most prudent course of action. The only reason to sell IMHO is if you believe GME will go bankrupt. + +Ok so I’m going to buy if I can or continue to hold ... what could happen that would turn this around? + +1) If not covered, a whale investor or fund deciding to purchase this serving as a catalyst for a true squeeze. Elon, Cuban, another HF, etc. Personally,I have my Tesla in my shopping cart already. + +2) If not covered, GME reverse stock split. This could force a true squeeze though likely would not happen until the stock gets back into single digits. + +3) If not covered, emergency shareholder meeting. My understanding this would cause a recalling of shares to allow the shareholders to vote, this initiating the squeeze. + +4) If covered or uncovered, significant renewed public interest in GME. A lot more likely if uncovered, but it’s a strange world we live in so I wouldn’t completely rule it out if they covered. + +5) If covered or uncovered, GME public offering of 10 million shares at $x price (we will say $200). This sets a bottom for the stock in the short term, I believe most who are already in the stock would see value in putting billions into the company coffers either for stock support on a cash balance basis or to be a war chest to facilitate the turn around. I am actually a bit puzzled why this hasn’t already been done. + +6) If covered, GME being acquired by a major player at a reasonable price. This would ensure continuing good will from the existing shareholders and would ensure the GameStop name lives on. + +7) If covered, GME makes a strategic purchase or alliance that then starts to justify a higher evaluation. + +Obviously these are the thoughts of some retarded ape. Full disclosure, I am currently down around 100k in my positions on GME. In my mind, the invested funds were completely lost at the moment of purchase so it doesn’t bother me to hold forever or until I win, whichever comes first. 🦍🙌💎🚀🌕 + +Edit: The report is supposed to reflect until the 29th. + +Update: It appears the FINRA report officially states 78.46%. +>“…[M]y tendency has been to buy stocks, all a-tremble as I do so. Then when they show a profit I sell them, exultantly. (But never within six months, of course. I’m no anarchist.) It seems to me at these moments that I have achieved life’s loveliest guerdon – making some money without doing any work. Then a long time later it turns out that I should have just bought them, and thereafter I should have just sat on them like a fat, stupid peasant. A peasant, however, who is rich beyond his limited dreams of avarice.” + +--Fred Schwed, *Where Are The Customers' Yachts?* + +I was reminded of Schwed's quote when I read a [blog post](http://www.bankers-anonymous.com/blog/a-stock-growth-miracle-not-really/) about a woman who bought 20 (or 40) shares of $BA Boeing stock back in 1965 for $250. She then did nothing with those shares, certainly not selling them, and just let the dividends reinvest every quarter. 53 years later, she has 400 shares ^^^1, and her $250 investment is worth $134,800. The dividends alone on those 400 shares pay $2700 a year, or more than ten times her initial investment of $250. + + +You also have [Ronald Read](https://www.cnbc.com/2016/08/29/janitor-secretly-amassed-an-8-million-fortune.html), the Vermont janitor who bought stock in over 90 companies, and died with a portfolio worth $8 million. Read carefully researched the companies he bought, and if he didn't like how they were performing after his purchase, he'd stop buying that stock, but never sell it. Some companies (Lehman Brothers) went bankrupt, but some (like $PCG Pacific Gas & Electric) continued to split and grow in value even though he never invested past his original purchase, and used dividends to buy other stocks. Read bought for the long haul, and literally never sold his holdings. + +I think most of the traditional buy-and-hold investing approach advises to buy and hold for a 20-30 year long-term period, for the logical reason that most people are investing to provide a financially secure retirement, and most people work between 20-40 years before they retire. The buy-and-hold forever approach isn't looking at holding for a 30 year period to sell to fund for retirement, but to buy and hold for the rest of your life, using the price growth of the stock and dividends to help supplement your retirement income. Holding it forever makes your stock purchases a legacy of wealth you can pass on to future generations, though, so it not only provides you with an income source through retirement, but also secures the financial future of your family after you're gone (assuming they continue to hold onto the stocks and don't get greedy and sell them and blow the money, always a big risk). + +I've been reading recently about the struggle of the middle to lower class to get ahead and acquire wealth in today's economic climate. If you take the buy-and-hold-forever approach, you not only begin the process of acquiring wealth for yourself, but give yourself the opportunity to transfer that wealth upon your death, giving your kids and grandkids a big financial leg up. + +If you believe that investing is the process of buying stock in companies that you love and would be proud to own, a timeline of forever on your stock purchases is actually the logical approach. If it is a company you love to own, there is no reason to ever sell it. + + + +^^^1 Boeing stock has split 8 times since 1965, so a purchase of 20 shares would have become 1215 shares worth $424,873.35 as of today, and yielding $8327.52 in dividend payments. + +*UAE + IoT* +So remember how the UAE announced that apart of their Smart City initiative, they passed a law that every government transaction will occur on the blockchain by 2020. (Consensys being a strategic advisor... making the prospect of Ethereum-flavored blockchain more likely) + +*UAE + Consensys* +Dec 2016 - UAE had a [Blockchain hackathon](http://blockchainvirtualgovhack.com), which was sponsored by Consensys, Microsoft, along with others... + +*Ethereum + IoT + Tesla* +Jan 2017 - Announced that 1st prize went to [Project Oaken](https://www.projectoaken.com) combining IoT hardware + Tesla smart car software to "pay tolls" automatically using Ethereum smart contracts... + +*UAE + Tesla* +Feb 13, 2017 - Dubai's RTA (Road and Transport Authority) announced they were purchasing 200 Teslas (with autonomous driving) for their taxi fleet, as part of their Dubai Smart Autonomous Mobility Strategy of having 25% of total journeys using self-driving vehicles by 2030. + +So there's been a lot of speculation on Elon Musk joining EEA, thx to all the commotion riled up by Time Traveler. So I gathered all the breadcrumbs for you guys. Ill let you connect the dots... + +(also blockchain is literally the only futuristic venture Elon does not currently have a stake in.. hmmmm??)... + +Sources: +https://www.ethnews.com/ethereum-wins-big-at-dubai-blockchain-hackathon +https://www.ethnews.com/project-oaken-puts-a-tesla-on-the-blockchain +**China Evergrande Group (3333.HK),** **market cap HKD 29.8 bil ($3.82 bil)** \- a well known story. Allegedly dodged default three times, but our good friend Dr. Marco Metzler has a different story to tell. + +**Kaisa Group Holdings (1638.HK), market cap HKD 7.3 bil** **($940 mil)** \- the company's offer to exchange its $400 million of dollar notes maturing Dec. 7 for new ones due 18 months later expires in London today at 4 pm. If the offer -- which requires a 95% approval rate -- fails to win support, the struggling firm has said it may not be able to repay bonds and could consider a debt restructuring. Investors holding more than half of the notes are not willing to support the exchange offer,according to a letter from a financial advisor that represents some of the bondholders. +[https://www.reuters.com/world/china/chinas-kaisa-offers-bondholders-option-exchange-existing-bonds-with-new-bonds-2021-11-25/](https://www.reuters.com/world/china/chinas-kaisa-offers-bondholders-option-exchange-existing-bonds-with-new-bonds-2021-11-25/) + +**Fujian Yango Group (000671:CH), market cap CNY 12.5 bil** **($1.96 bil)** \- gets rejected on Bond Payment Extension Proposal. Fujian Yango Group didn’t receive bondholders’ approval to extend principal payment for its 400 million yuan bond due Dec. 7, according to a statement on Chinamoney.com.cn. Fitch downgrades the IDR of the Yango Group to C. +[https://finance.yahoo.com/news/kaisa-next-debt-worry-ashmore-002806871.html](https://finance.yahoo.com/news/kaisa-next-debt-worry-ashmore-002806871.html) + +**China Aoyuan Group (3883.HK),** **market cap HKD 5.8 bil** **($740 mil)** \- failed to repay a $150 million guaranteed accelerated loan that backs private notes issued via Rainmaker Solutions. A notice dated Nov. 24. describes the missed payment by the developer as a collateral default. Fitch downgrades the IDR of the China Aoyuan Group to CCC-. +[https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-china-aoyuan-group-to-ccc-due-to-lower-likelihood-of-bond-refinancing-24-11-2021](https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-china-aoyuan-group-to-ccc-due-to-lower-likelihood-of-bond-refinancing-24-11-2021) + +**Ronshine China Holdings (3301.HK),** **market cap HKD 4.9 bil** **($630 mil)** \- Ronshine has CNY20.2 billion of bonds maturing or turning puttable from now to end-2022, including $137 million of senior notes due in Dec 2021, $198 million in Feb 2022, $466 million in Mar 2022 and $690 million in Oct 2022. While Ronshine allegedly had available cash of CNY23 billion (excluding pre-sales regulated balances) in Sep 2021, over 60% of the unrestricted cash is at the project level, which may not be readily available for the holding company to repay debt. A month ago, Fitch Ratings has downgraded company's Long-Term Foreign-Currency Issuer Default Rating (IDR) to B. The Outlook is Negative. +[https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-ronshine-to-b-outlook-negative-removes-from-uco-01-11-2021](https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-ronshine-to-b-outlook-negative-removes-from-uco-01-11-2021) + +**Fantasia Holdings Group (1777.HK),** **market cap HKD 1.8 bil** **($230 mil)** \- failed to pay $206 million in loans in Oct 2021. Fantasia was worth $415 million, a drop in the ocean compared to Evergrande's crisis. But its bond default contributes to an imminent major collapse in China's property market. Fitch Ratings downgraded Fantasia to CCC-. +[https://www.reuters.com/business/chinese-developer-fantasia-misses-repayment-deadline-2021-10-04/](https://www.reuters.com/business/chinese-developer-fantasia-misses-repayment-deadline-2021-10-04/) + +**Sinic Holdings (2103.HK), market cap HKD 1.8 bil** **($230 mil)** \- defaulted on $246m of bonds that were due to mature in Oct 2021. Fitch Ratings has downgraded Sinic Holding's Long-Term Issuer Default Rating (IDR) to C. +[https://www.ft.com/content/1e79c466-c813-41de-a0b3-cbd27a983aaa](https://www.ft.com/content/1e79c466-c813-41de-a0b3-cbd27a983aaa) + +**Modern Land China (1107.HK),** **market cap HKD 1.1 bil** **($140 mil)** \- The developer had earlier in Oct 2021 moved to extend the maturity of bonds. The US rating agency said it “considers the consent solicitation to be necessary for Modern Land to avoid default given tight liquidity”. In Nov 2021 they claimed a default on a bond repayment last week has pulled forward repayment dates for a further $321 million worth of notes, and the company withdrew an interim dividend to hold on to cash. Fitch downgraded the rating on developer Modern Land to C. +[https://www.reuters.com/world/china/chinas-modern-land-says-bond-default-triggers-earlier-repayment-deadlines-pulls-2021-11-01/](https://www.reuters.com/world/china/chinas-modern-land-says-bond-default-triggers-earlier-repayment-deadlines-pulls-2021-11-01/) + +**China Properties Group (1838.HK),** **market cap HKD 750 mil** **($98 mil)** \- the development subsidiary, Cheergain Group, had defaulted in Oct on $226 million worth of payments on bonds due on Oct.15. The parent company says that it "is not able to fund the outstanding amount due until it has completed the sale or refinancing of" certain assets. Shares of the developer, which are listed in Hong Kong, have been suspended from trading since April, and will remain suspended until further notice, according to a stock exchange filing. +[https://www1.hkexnews.hk/listedco/listconews/sehk/2021/1015/2021101501434.pdf](https://www1.hkexnews.hk/listedco/listconews/sehk/2021/1015/2021101501434.pdf) + +EDIT 1: added Sinic Holdings +EDIT 2: added Modern Land China +EDIT 3: added China Properties Group +I've been with my partner for many years but we keep our finances separate. I'm expecting to reach FIRE in the next 1-2 years but she is much further off. We're both in our late 30s. I'm wondering how that works when one person retires and the other has to keep working. Do they start to resent the retired partner? + +For those REs, have you retired before your partner or at the same time? How did it go? +(Fixed) ~~Forgive me for the formatting & naked links~~ but I'm on mobile and this needs eyes and more wrinkles than I have on it ASAP so I can get back to eating crayons and throwing poop at the TV when Jim Cramer comes on. + +This article excerpt is one click from the landing page for the DTCC under category "DTCC Connection" and titled "FMIs Have a Crucial Role to Play in Advancing DeFi" By Jennifer Peve, DTCC Managing Director, Head of Strategy and Business Development (See Edit 2 for a light dig into her that makes her our first female villain in the GameStop saga) + +[Direct link here](https://www.dtcc.com/dtcc-connection/articles/2022/october/03/fmis-have-a-crucial-role-to-play-in-advancing-accessibility-of-defi) + +Article excerpt from 8th paragraph after they try to convince you you need SOMEONE to address the concerns / problems they just spent the first 7 paragraphs convincing you there would be.... + +*Consider smart contracts that manage tokenised securities. While smart contracts could technically operate without any ‘owner’ and be truly decentralised, security and governance risks inherent to this model remain. There is also the possibility for FMIs to manage the smart contract, much like the approach DTCC is developing with its Digital Securities Management (DSM) service. Pending regulatory approval, DSM will employ technologies that allow for tokens to be held in a decentralised manner, with DTCC still providing governance and oversight, enabling more efficient processing and regulatory compliance.* + +The guys that couldn't get a stock dividend right want to be in charge of a system that doesn't need their institution? No thanks, I'll take a couple of genius code monkeys hopped up on Jolt soda that can write scripts to replace them. BYE! + +Then [here's a link to the PDF of the publication](https://www.eurofi.net/wp-content/uploads/2022/08/regulatory-update_prague_september-2022.pdf) called "EUROFI Regulatory Update" September 2022 issue that Jenifer Peve drew from that goes into much greater detail. It's a 80 page PDF but only a portion of that is addressing this issue. Page 65 is the beginning of the crypto section and page 71 is the start of DeFi and tokenized securities. + +Just a quick skim of this is throwing up a lot of red flags. Basically it looks like the DTC and others are positioning themselves to be custodians and guardians over tokenized securities and other defi products that if built and implemented correctly would need virtually none besides the initial rules and parameters programmed in to conform with laws, rules and regulations. It also seems they want to incorporate banks into the process. Saving their rich friends and systems they can keep market manipulation in place. + +I just stumbled into this while I was grabbing a link to their website for an older holder lady I'm friends with (who bought and DRSd her shares!) that was asking me what the DTCC is and I didn't want to cuss so I was going to send a link. + +Most of you are smarter than me. I just either stepped into crap or I just crapped myself and I'm too dumb to realize it. One of the two. This could be their plan to retain control and if so people need to know so they can do something about it. + +I hope I've just got crap running down my GameStop sweatpants and not just found another round of this battle. Let me know what you think. + +Edit: Got home on the desktop and cleansed up naked links and fixed a couple typos. I also noticed that Jenifer Peve misspelled both "tokenised" and "decentralised" showing that it surely will be neither. + +Edit 2: IMPORTANT please see [this comment](https://www.reddit.com/r/Superstonk/comments/xzalob/comment/irmo1d5/?utm_source=share&utm_medium=web2x&context=3) where I did a little dig into Jennifer Peve and what I found. I could use some help here before anything gets scrubbed. +# What is SHIBA INU token + +From their website: + +>SHIB is an experiment in decentralized spontaneous community building. SHIB token is our first token and allows users to hold Billions or even Trillions of them.  Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin in a small amount of time (relatively speaking). Popular worldwide, and already up thousands of percent, Shiba token ($Shib) is the first cryptocurrency token to be listed and incentivized on ShibaSwap, our decentralized exchange. + +So, It’s an **ERC-20 token**. It is a token created on the Ethereum blockchain. That means that to send the tokens to another wallet or just to transfer those tokens from an exchange to your wallet, you’d have to pay the transaction fees with ETH. And do you know how high are the fees on the Ethereum blockchain right now? They are pretty high. So, that’s the first red flag for me. But let’s continue. + +&#x200B; + +>We locked the 50% of the total supply to Uniswap and threw away the keys!  The remaining 50% was burned to Vitalik Buterin and we were the first project following this path, so everyone has to buy on the open market, ensuring a fair and complete distribution where devs don't own team tokens they can dump on the community. + +I don’t know whatever the fuck this means. I understand that 50% of the total supply (500 trillion) is gone. So since the total supply is 1 quadrillion, the remaining 50%, have been sent to the wallet of V**italik Buterin. I honestly don’t understand why, but SHIB TO THE MOON, right? Right guys?** + +# Tokenomics + +So, now to analyze the tokenomics of SHIB, I’ll need some help from my dear friend. His name is math and some people hate him because he always speaks the truth. So, if you want an in-depth explanation about why the price doesn’t matter, read this [post](https://www.reddit.com/r/CryptoCurrency/comments/n5wkwq/will_doge_be_worth_100_a_coin_can_it_become_as/). Here, I’ll just analyze the tokenomics of SHIB. + +**Total supply**: since the 50% of the total supply is gone, let's say the total supply is 500 trillion. + +**Circulating supply**: 394 trillion (39% of the total supply) + +**Price**: 0.000028 + +**Market cap:** 11.1731504753274 billion + +So, if SHIB actually replaces DOGE and goes to the market cap of DOGE (64.26173717196869 billion), THE 4% OF THE ENTIRE CRYPTO MARKET, a SHIB would be worth .000163 cents. So it's mathematically impossible that SHIB goes to 0.1. Sorry. + +That said, chill, learn, be patient and don’t fucking chase pumps. + +EDIT1: grammar. Also thanks for the awards, guys! + +EDIT2: grammar again +Hello everyone, + +I wanted to make my own thread of this issue because in the other thread, I did not feel that it compiled enough information in the body of the post to facilitate a healthy discussion of the current situation. + +USDT has lost about 6.6b in market cap since May 11, 2022 (~9% of their market cap). Historically, from what I have seen this has been the biggest drop ever in Tether’s history. So there is good reason to pay attention to it. I am not necessarily saying that a crash is imminent, but it is very alarming. + +Historical, along with current data can be found here: +https://coinmarketcap.com/currencies/tether/historical-data/ + +As we know, Tether is supposed to be backed by 1:1 to the USD by Tether’s reserves. Tether allegedly has fiat, bonds, and other assets to do this (will address this a bit more below). Even though Tether is near its’ peg, the change in market cap shows an overwhelming amount of redemption. + +This is concerning for a few reasons, for one because the overall market is down. Meaning, the assets in Tether’s reserve also most likely are down as well. I’m not just talking about the crypto market, either. Since we do not have full transparency in Tether’s backing, many have speculated it’s tied to assets like BTC, which is also way down as well. Meaning, their backing “power” may be lower than it was previously and not exactly at 1:1. + +As an example, for arguments sake, let’s say that BTC was bought and fully backed the USDT. Their average price for backing was when Bitcoin was at 30k. Now let’s say the market dips, and bitcoin goes to 27k. At the same time, many start redeeming Tether to cash out to fiat out of fear of the market conditions. This means that the backing of Tether is no longer 1:1 and since people are redeeming, Tether would have to sell off its bitcoin reserves for a loss of 10% to cover the redemption. + +From the Cointest competition, we also found out that Tether has also previously lied about their backing: https://www.theverge.com/22620464/tether-backing-cryptocurrency-stablecoin they have also never allowed a public third party audit. + +And it was never completely backed by fiat fiat equivalents and treasuries. Instead, it was backed by a mix of fiat and bond equivalents, 50% being Chinese white paper and other unstable assets. It’s closely tied to China’s debt: https://cryptobriefing.com/report-alleges-tether-owns-billions-in-chinese-debt + +Tl;dr This whole situation is concerning because Tether is supposed to be backed 1:1, but may have potentially have minted more than they have backing for. And due to the magnitude of redemption (that we know from the drastic change in market cap), it’s also causing their backing “power” to be lower and lower due to broader market conditions, such as war, inflation, China lockdowns, etc. Thus also making USDT more unstable. + +And I know what most will say, most fiat is exactly the same, however, it doesn’t have nations backing it as a main form of currency and trade. + +We have also seen many people on Twitter having a similar sentiment, Daniel Wang, Loopring former CEO and current advisor stated: + +> Just swapped all my USDT to USDC and DAI. + +https://twitter.com/daniel_loopring/status/1524399219288592384?s=21&t=WqCmeUFxqXmTx9WvJu_ViQ + +I would like to thank u/DesignerVirtual9568 for a lot of this information. I just compiled a lot of the info that I agreed with from their thread. + +EDIT: Just wanted to post this as an update: https://twitter.com/whale_alert/status/1525593170876186624?s=20&t=4oJg1cCkP-cyaUtpmQfxdQ + +In addition, the market cap for USDT has sunk another 1b since the time of this post +**Edit 1: Data Dump** + +**Edit 2/3: More pages, omitted a few pages for brevity (13-18, 24-26). I trimmed out precious metal data feel free to look at the link to see missing pages.** + +**Edit 4: Thanks for the platinum award! But, save your bananas for GME! :)** + +**Edit 5: Thanks for the other awards too! You all are too kind. :)** + +**Edit 6: Holy cow this thing blew up! Thank you all for reading. :)** + +**Edit 7: Formatting issues fixed** + +&#x200B; + +Good morning all! You may or may not have seen [this post](https://www.reddit.com/r/Superstonk/comments/ni7hm1/sp_500_inflationadjusted_earnings_yield_falls/gz1pv8w/?context=3) by u/Takeshiro regarding a Bloomberg Tv screen shot. + +&#x200B; + +[Look Familiar?](https://preview.redd.it/1bkbya29hu071.png?width=627&format=png&auto=webp&s=48b9ea680165eaf5ecbd1a34412c217f6f7014be) + +I was able to find the [source material](https://archive.org/details/BLOOMBERG_20210521_110000_Bloomberg_Surveillance) (take a look at 7:50 and 7:51 time stamps) with audio and Dave Wilson (one of the hosts) points out data from Crescat Capital's monthly investor letter. Well I found it for you guys, [take a look](https://www.crescat.net/may-research-letter/) **(or look at the attached images if you don't like clicking links).** + +I have absolutely no idea what the implications of the data here is, I just want to put it out there for people to look at. + +&#x200B; + +For Cautious Apes: + +&#x200B; + +https://preview.redd.it/77054ob4gu071.png?width=620&format=png&auto=webp&s=49e1aaae5c3a4677e9b999ef9ffb932547a935cf + +https://preview.redd.it/85barjv4gu071.png?width=616&format=png&auto=webp&s=5f4532736c15cdb024103339da36c09048496063 + +https://preview.redd.it/ipl6ia75gu071.png?width=617&format=png&auto=webp&s=8c23817fd97e2c252d6207d2be20e563c107f8d8 + +https://preview.redd.it/jwi4i2i5gu071.png?width=614&format=png&auto=webp&s=a33768e0b7a81267f33164883f63c374daadcc6f + +https://preview.redd.it/feds6ws5gu071.png?width=613&format=png&auto=webp&s=f6c794afced5c8ad4e9b9d6703ff0a1a76cbb907 + +https://preview.redd.it/0pflm4c6gu071.png?width=616&format=png&auto=webp&s=efde4cfc51ff72d6edc4f126d70bcbf520af9f23 + +https://preview.redd.it/b54tstm6gu071.png?width=613&format=png&auto=webp&s=b652aa4da1ec7e0d3dac00c3fb2497a0bbf5b050 + +https://preview.redd.it/09g7n2y6gu071.png?width=618&format=png&auto=webp&s=8d34b4abe60fa96f616a4e630ed1807f20a4493a + +https://preview.redd.it/j2bn3097gu071.png?width=612&format=png&auto=webp&s=5abbea461a96e0247b91df41b73c9718ea341e1c + +https://preview.redd.it/5a5doys7gu071.png?width=614&format=png&auto=webp&s=da6646c38d25dc7c3f44c63132188c6e4176f0a7 + +https://preview.redd.it/32ps3z28gu071.png?width=615&format=png&auto=webp&s=d545d0f25f3d462a5d38b5c206ba7345341dc771 + +https://preview.redd.it/7iio0gg8gu071.png?width=614&format=png&auto=webp&s=fa042f6c3b8c7d6cbc93a4f480694722372ce6df + +https://preview.redd.it/qs0dp069gu071.png?width=613&format=png&auto=webp&s=750e5f8b194c7d4cbc835a42add8a0c0c6261ee4 + +https://preview.redd.it/1ukkn0r9gu071.png?width=610&format=png&auto=webp&s=94dc48a0627dfd9ee2b641c294ba8542e21c5f1c + +https://preview.redd.it/2379cl7agu071.png?width=609&format=png&auto=webp&s=2059b5cd404f7a951355f48bd81edd06c82f7bf8 + +https://preview.redd.it/ngnu9axagu071.png?width=609&format=png&auto=webp&s=7c7e5cf79de673113d20523172e285af3eba8289 + +https://preview.redd.it/pfn798kbgu071.png?width=611&format=png&auto=webp&s=50a72cc3792f1495f38dec5c0e7229ba9d46f3d1 + +https://preview.redd.it/mqzehu6cgu071.png?width=612&format=png&auto=webp&s=3b3f76561d2c3c26bd0c5f7af5b1688c2dd34da5 + +&#x200B; +I have no background or grounding in economics, but I have become interested in it since the "Great Recession" occurred. I find myself reading Krugman and Delong a lot and find them very convincing, while Eugene Fama and the EMH I find infuriating. + +I do, however, find it internally consistent. For instance, EMH says that bubbles don't exist, because if they did and we knew they did, then investors would bet against the bubbles, and thereby pop them. In other words, the instant we "knew" there was a bubble, the bubble would pop, and therefore bubbles don't exist. + +Still, I instinctively feel like EMH is total bullshit. It seems analagous to creationism; once you've accepted the initial proposition, it's completely impossible to disprove it. Anything the market does is exactly what it's supposed to do; if it does anything different, then it's just incorporating information which you are not aware of. + +As I said, though, I have no background in economics, so I decided to ask reddit for more information - is it possible to prove or disprove EMH? Is there more to it that I'm missing? Is my skepticism warranted, or simply out of ignorance? + +Please enlighten me. +My car just blew up. It's an old Falcon that I got for free many years ago, so I've been fixing it as I go: but it's now at the point where the repair is so costly (and there will be more repairs to come) that it's just not financially intelligent to keep repairing it. Plus, in these times a 6 cylinder makes no sense for me personally. + +So it's time to get a 4 cylinder to replace it: but I have no idea what to do. If I scrape together my money I have a hair over a grand, so it's looking like a loan is my only option. + +At the moment I'm thinking I get the minimum loan I can comfortably afford with my bank (5k, $10 dollar a month fee, $100 loan fee, no early payout fee), and try and find a decent second hand car for under 4k. + +My second option is to get a larger loan, which will make things tighter and mean I'll be paying it off longer, but means I can get a much higher quality car. This has been suggested by a few people. + +I Personally hate having any sort of debt so if like to smash out the repayments asap, hence the first option is more attractive to me. + +Any advice appreciated + +EDIT: Thanks for the advice. I've been loaned a car by a beautiful family member until I can sort something out. After much thinking and discussion I am going to get a 10k loan, buy a quality used car for around 6-8k, pay off the loan as quickly as possible, and own a car that isn't held together by zipties. +Okay, so this all started when I wanted to dip my feet into the wild-west of volatility arbitrage. There isn't much practical literature around on it, but the core concept was simple: eliminate exposure to all other greeks, and profit from changes in volatility. So over the past few months, I started exploring and eventually started trading a strategy that I haven't seen anywhere else, so here it goes. + +**Background** + +We all know that the market likes Black-Scholes, but Black-Scholes lacks in some important ways, the biggest ones being that it doesn't account for dividends, large price moves, or most importantly, the expiration risk premium. Since Black-Scholes are for European options, it doesn't factor in that the option can be exercised at any time. However, market prices do account for this extra risk, and it is a large reason why if you price an option with Black-Scholes, the market price and calculated price will be pretty far off. + +Luckily, the Barone-Adesi and Whaley (BAW) model captures this extra risk perfectly by adding a slight tweak to the Black-Scholes model. Without going into the granularity of differential equations, the BAW model accounts for the risk that the option can be exercised at any time and adds that value to the Black-Scholes value. It isn't mandatory to know it's formulaic derivation, but [here](https://ir.nctu.edu.tw/bitstream/11536/14182/1/000264318900005.pdf) is a research paper reference for those interested. + +In case you didn't know, implied volatility is just a variable that is backed out from the Black-Scholes model. So, all things considered, we are also able to back out implied volatility from the BAW model, except this IV will be more efficient and accurate. Our profit comes from collecting the spread of: + +**Calculated IV** \- **Market IV** = **Profit** + +Great, we have an efficient measure of IV! Only, how the hell do we target this? I'm retail just like you, so the options like replicating a variance swap or hedging a short call are just way out of my price range. This capital limit restricts this strategy to only going long volatility. When you lock into a defined-risk straddle, betting that IV will increase, delta-hedging becomes extraordinarily cheap. It sounds scary and expensive, but as you'll see below, it really isn't. + +**Strategy** + +Okay, so we know that we can only trade if we're expecting IV to go up. So first, we have to find options that meet that criteria. There are a lot of ways to determine these stocks, you can use upcoming earnings for example, but I personally go with the following + +* Have an IV at least 5% lower than the 20-day historical IV +* Are no more than 5% out-of-the-money +* Expire in less than 30 days + +I use the OpenBB screener with those parameters and get the following output: + +https://preview.redd.it/lvw8ljtk6cg91.png?width=1250&format=png&auto=webp&s=f14a077c8905cc0a9e7044eec5979a10c9d501d7 + +Now, let's check if the IV is right. I first plug the call values into the BAW model and back-out IV using the bisection method (research paper [here](https://www.tandfonline.com/doi/abs/10.1080/13504850701591325?journalCode=rael20)). + +https://preview.redd.it/vzm2p6jh6cg91.png?width=988&format=png&auto=webp&s=d6e91c8a702c8ff6465006a35b39afc45c160c39 + +https://preview.redd.it/qz26fv5j6cg91.png?width=253&format=png&auto=webp&s=c0edded21661e16e9d25a6273c0ed7902d578f28 + +As pictured, the IV of the call according to the BAW model is in actuality about 5% higher than that quoted by the market. When pricing the put, the IV is about 3% higher. + +Now, it's clear what needs to happen. I must long these two positions and hedge my delta so that I make money if IV goes up. The fun begins. + +I buy the call and put for a net cost of $765. When the order is filled, the starting delta is 2.48. + +https://preview.redd.it/te6zvfxc6cg91.png?width=756&format=png&auto=webp&s=9cb43caf3ccb344e81b4922b64b7d02526ec23fa + +This means that for each dollar the stock moves, the position makes/loses \~$2. We do not want that risk. We want our delta to be neutral, so we short 2 shares of AAPL. + +https://preview.redd.it/et3jbfkd6cg91.png?width=676&format=png&auto=webp&s=6890273e771471677b945a3b744c565554e0b6cc + +That's it. That's all delta-hedging is. Over the lifespan of the option and over the day, the deltas will oscillate up and down, but for a stock like AAPL, this range is typically small, only requiring you to hedge a few times in either direction. + +Now that the position is delta-hedged, you are exposed to just the change in volatility (gamma too, but since you're dynamically hedging, it isn't a significant risk). + +**Profit** + +As expected, the IV of the position increased. By 10 minutes before market close, the implied vol of the call increased from 21% to 27%, and the implied vol of the put increased from 21% to 24%. This allowed me to sell the call for 495 and the put for 435, for a total of 930 ($165 profit). + +&#x200B; + +https://preview.redd.it/tm2x2d2a6cg91.png?width=792&format=png&auto=webp&s=dfc55bc977ad073e566cf2c5cda83b5098f1a950 + +Don't just take my word for it, you can pull the historical data and see exactly how this trade played out. Pictured below are the final option chains for 8/5 -- take note of the implied vol and prices. + +&#x200B; + +https://preview.redd.it/m4ekfu596cg91.png?width=795&format=png&auto=webp&s=981711708216b10433992f29448c6f0e40e4500c + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I did a quick search and noticed the topic is almost non-existent in this sub. Is there a particular reason we don't discuss tax strategies from time to time? I'm not an expert, and I see taxes as the cost of doing business, but I'm interested if there are any **LEGAL** strategies I can employ to reduce the damage from Uncle Sam. +Hey, Intel is down 50% YTD. Solid dividend 5% yield. There are bad news like Germany factory or Ireland workers. What do you think? Any light for Intel for next year? +&#x200B; + +$PBR: Earn 30pct dividend on Brazil's Premier Oil,Gas and Refining company ( and it is situated far away from Russia !!) + +&#x200B; + +https://preview.redd.it/81kfkvj9euz81.png?width=1224&format=png&auto=webp&s=04ef1f4b6a49426b6220097e99580fe16f78f800 +I just want to get this message to all sufferers and take a moment to talk about the negativity being thrown around and the potential mental health crisis that could unfold for many people here. + +I know the general sentiment is to shit on all the people with negativity about "you should've sold when you had the chance", etc and I understand why some of them feel that way. But I want to remind the people that you could be exasperating some serious inner self-turmoil for many people based on these words causing their mental health to be in ruins. + +In these times, we have to help these people up and give them good advice without sounding pompous. + +&#x200B; + +**My Perspective about Holding - Hindsight 20/20 - May put your mind at ease** + +Holding is not a bad idea granted you could actually afford to which is what I feel people missed out on. + +The point is, it wasn't completely horrible to get involved because truly, hindsight is 20/20 for situations like this. This was an unprecedented event in the likes the world has literally never seen. How could you possibly have predicted it to the tee? You can't pretend like you're the smartest in the room that saw all this coming. You can only extrapolate the data as it comes and watch as the event unfolds. + +I'd say you can call it more of a gamble than an investment, but it doesn't take a genius to understand that when getting in. The fact is, expectations should have been set better for all the new people that joined. + +Like I said earlier, the only people to worry about are the ones who truly have lost a majority of their wealth from this. I'm all about the movement but realistically if I invested at the starting price before it spiked to $400, I probably would've sold enough to cover my initial investment and kept the rest to be a part of the movement. + +&#x200B; + +**Some Lives Have Been Destroyed... Let's not deny it** + +There are some people here that really went all out. Like I don't know if you've been paying attention, but I've seen it on blogs, on many subreddits, on social media. Some people really have gone ALL OUT or have thrown a majority of their wealth on this. + +If this is the case, I'd start talking to a financial advisor immediately about what your next steps are. My deepest sympathies go out to the guys and gals who are feeling breathless and suffocated in these times, that in it of itself has been giving me more anxiety than anything else. Just looking at all the people who put in way more than they could chew... it honestly destroys me. I have anxiety myself and I can't imagine what you people are going through right now. + +I can see people hurting themselves over the decisions that have been made in the past 2 weeks. Especially with the pandemic at an all time high and already causing mental health ruin, this does not help. + +For the people that feel destroyed - you are going to get through this. I know it really sucks but you will. Life can change at an instant at any second the same way it can go to shit. The same way you feel you're never going to find that person to fall in love with and the next second some gorgeous girl is going out with your ugly bum. In either case, little by little, you'll fix this and you'll have become stronger for it. + +&#x200B; + +**Upside and Lessons** + +On the flip side, I and I'm sure many have had and are having a lot fun being a part of this movement. I hope this was a valuable lesson to many who had thrown everything in to not let emotions get in the way of making smart investment decisions. + +This was a volatile market, and should have come in understanding that this was basically gambling money as much as it was an attempt at a short-term investment. Going forward, if you decide to stick around and invest in the stock market in general, it really can be an enjoyable experience to play with the numbers in a way that doesn't get your heart dropping every 2 seconds. + +If any of you need to talk or are feeling low, the PMs are open, and I'm sure there are many people that can and will help you get through this. + +**Closing thoughts... hold if you can afford it and have been in it for the movement. But don't have any expectations of this giving any real returns going forward.** +Does your SO know your salary, savings, bonus and monetary status? Especially those of you who are married. + +How does finances work in your household? Did you tell them about your private savings before your relationship? Did you ever use them jointly with your SO? + +If you’re another woman please let me know! Would be great to know what others are doing too. +Assuming they have to sell treasuries to cover the losses, what will be the follow on effect in US? + +http://www.nytimes.com/2016/02/04/business/dealbook/toxic-loans-in-china-weigh-on-global-growth.html?_r=0 +I’m 28, and have wanted a Tesla for years. I considered putting money down when it was announced but decided against it to build a good financial foundation. Now, years later I still really want one, and want opinions on if it makes sense based on my current finances. + +Age: 28 +Salary: 100k +Current Savings (not retirement): $14,500 +401k: $90k +(I’ve been maxing Roth 401k contributions for about 4 years now, 19% and then 7% company match). + +Current Car loan: $10k +Current car value: $15k + +Current monthly take home: ~3k +Rent: 700 +Car payment: 400 + +I figure if I out around $10k or so down I can get a monthly payment around 650 or so.. and then would expect a gas savings of about $100 a month. So net increase of $150/mo on current car payment. +I would still be able to continue to max out Roth 401k contributions, currently $19k/year. So I feel like I am in a good position financially to justify it... even if I’m only 28.